City government · McLeod County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Silver Lake took in $2.9 million and spent $2.9 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Fees for services (liquor stores, sewer)61%City taxes22%State tax money11%Fines and other5.9%

What stands out

61%

of Silver Lake's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes22%

Property tax
21%$608 thousand
Other taxes
0.6%$16 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$10 thousand
  • Public utility taxes$6 thousand

Amounts are by Census tax category.

Fees for services61%

Fees for services
61%$1.8 million
What's in fees for servicesLiquor stores; sewer and 4 more
  • Liquor stores$678 thousand
  • Sewer$351 thousand
  • Water$340 thousand
  • Other service charges$274 thousand
  • Road charges$77 thousand
  • Parks and recreation$33 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$318 thousand

Fines and other5.9%

Interest, rents and other
5.7%$164 thousand
Fines
0.2%$5 thousand

Where it goes

Water, sewer, trash and utilities32%Running the government and other costs28%Police, fire, courts and jails12%Parks, recreation and libraries11%Roads, transit and parking9.8%All other spending7.7%

What stands out

7.5%

of Silver 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
32%$909 thousand
What's in water, sewer, trash and utilitiesLiquor stores; sewer systems and 2 more
  • Liquor stores$625 thousand
  • Sewer systems$145 thousand
  • Water supply$135 thousand
  • Garbage and solid waste$4 thousand
Running the government and other costs
28%$812 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$682 thousand
  • Finance, tax collection and budgeting$116 thousand
  • Central staff services (personnel, purchasing, technology)$14 thousand
Police, fire, courts and jails
12%$349 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$206 thousand
  • Fire protection$143 thousand
Parks, recreation and libraries
11%$307 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$307 thousand
Roads, transit and parking
9.8%$281 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$281 thousand
Health and hospitals
7.5%$216 thousand
What's in health and hospitalsPublic health
  • Public health$216 thousand
Interest on debt
0.2%$6 thousand
Sources and moreWhere these numbers come from and what they cover

City of Silver Lake. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Silver 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.