City government · Freeborn County, MN

Twin Lakes's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Twin Lakes took in $157 thousand and spent $88 thousand.

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

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Where it comes from

State tax money36%Fees for services (water, sewer)34%Fines and other17%City taxes7.6%Federal tax money5.1%

What stands out

36%

of Twin Lakes' money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes7.6%

Property tax
7.0%$11 thousand
Other taxes
0.6%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services34%

Fees for services
34%$54 thousand
What's in fees for servicesWater and sewer
  • Water$28 thousand
  • Sewer$26 thousand

Amounts are by Census type of charge.

Federal tax money5.1%

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

From the federal government
5.1%$8 thousand

State tax money36%

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

From the state
36%$57 thousand

Fines and other17%

Interest, rents and other
17%$26 thousand

Where it goes

Running the government and other costs33%Water, sewer, trash and utilities30%Police, fire, courts and jails17%Roads, transit and parking14%Parks, recreation and libraries6.8%

What stands out

6.8%

of Twin Lakes' 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%

Running the government and other costs
33%$29 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$20 thousand
  • Finance, tax collection and budgeting$5 thousand
  • Central staff services (personnel, purchasing, technology)$4 thousand
Water, sewer, trash and utilities
30%$26 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$13 thousand
  • Water supply$13 thousand
Police, fire, courts and jails
17%$15 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$15 thousand
Roads, transit and parking
14%$12 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$12 thousand
Parks, recreation and libraries
6.8%$6 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$6 thousand
Sources and moreWhere these numbers come from and what they cover

City of Twin Lakes. 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 Twin Lakes 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.