City government · Faribault County, MN

Minnesota Lake's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Minnesota Lake took in $1.2 million and spent $1.3 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Fees for services (garbage collection, sewer)34%City taxes28%State tax money22%Fines and other13%Federal tax money3.3%

What stands out

13%

of Minnesota Lake's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

City taxes28%

Property tax
28%$325 thousand
Other taxes
0.3%$3 thousand
What's in other taxesOther licenses
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services34%

Fees for services
34%$394 thousand
What's in fees for servicesOther service charges; garbage collection and 3 more
  • Other service charges$125 thousand
  • Garbage collection$109 thousand
  • Sewer$101 thousand
  • Water$51 thousand
  • Road charges$8 thousand

Amounts are by Census type of charge.

Federal tax money3.3%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
3.3%$38 thousand

State tax money22%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
22%$256 thousand

Fines and other13%

Interest, rents and other
13%$147 thousand
Fines
0.2%$2 thousand

Where it goes

Water, sewer, trash and utilities41%Health and hospitals19%Police, fire, courts and jails18%Roads, transit and parking13%Running the government and other costs7.4%All other spending2.1%

What stands out

19%

of Minnesota Lake's spending goes to health services and hospitals.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
41%$552 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste; water supply and 1 more
  • Garbage and solid waste$304 thousand
  • Water supply$125 thousand
  • Sewer systems$123 thousand
Health and hospitals
19%$255 thousand
What's in health and hospitalsPublic health
  • Public health$255 thousand
Police, fire, courts and jails
18%$236 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$120 thousand
  • Police$116 thousand
Roads, transit and parking
13%$173 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$173 thousand
Running the government and other costs
7.4%$99 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$48 thousand
  • Finance, tax collection and budgeting$39 thousand
  • Central staff services (personnel, purchasing, technology)$12 thousand
Parks, recreation and libraries
1.2%$16 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$10 thousand
  • Libraries$6 thousand
Interest on debt
0.9%$12 thousand
Sources and moreWhere these numbers come from and what they cover

City of Minnesota Lake. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Minnesota Lake itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.