City government · Lake County, MN

Silver Bay's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Silver Bay took in $9.5 million and spent $7.3 million.

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

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Where it comes from

Fees for services (water, sewer)55%City taxes17%State tax money14%Federal tax money8.1%County and local tax money3.9%Fines and other1.6%

What stands out

8.1%

of Silver Bay's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes17%

Property tax
16%$1.6 million
Other taxes
1.1%$102 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$87 thousand
  • Other licenses$15 thousand

Amounts are by Census tax category.

Fees for services55%

Fees for services
55%$5.2 million
What's in fees for servicesWater; sewer and 6 more
  • Water$1.7 million
  • Sewer$1.5 million
  • Liquor stores$1.3 million
  • Parks and recreation$514 thousand
  • Other service charges$129 thousand
  • Airport$7 thousand
  • Road charges$6 thousand
  • Other government-run businesses$2 thousand

Amounts are by Census type of charge.

Federal tax money8.1%

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

From the federal government
8.1%$773 thousand

State tax money14%

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

From the state
14%$1.4 million

County and local tax money3.9%

Money passed on by the county or other local governments.

From the county and other local governments
3.9%$370 thousand

Fines and other1.6%

Interest, rents and other
1.6%$148 thousand
Fines
<0.1%$8 thousand

Where it goes

Water, sewer, trash and utilities54%Parks, recreation and libraries14%Running the government and other costs11%Police, fire, courts and jails10%Roads, transit and parking9.2%All other spending1.6%

What stands out

14%

of Silver Bay's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
54%$3.9 million
What's in water, sewer, trash and utilitiesSewer systems; liquor stores and 1 more
  • Sewer systems$2.0 million
  • Liquor stores$1.1 million
  • Water supply$807 thousand
Parks, recreation and libraries
14%$1.0 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$811 thousand
  • Libraries$199 thousand
Running the government and other costs
11%$838 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$452 thousand
  • Finance, tax collection and budgeting$354 thousand
  • Central staff services (personnel, purchasing, technology)$30 thousand
  • Other government-run businesses$2 thousand
Police, fire, courts and jails
10%$763 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$662 thousand
  • Fire protection$101 thousand
Roads, transit and parking
9.2%$677 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$659 thousand
  • Airports$18 thousand
Interest on debt
0.9%$65 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$61 thousand
  • Interest on water supply debt$4 thousand
Housing and community development
0.8%$56 thousand
Sources and moreWhere these numbers come from and what they cover

City of Silver Bay. 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 Silver Bay 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.