City government · Yellow Medicine County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Wood Lake took in $5.9 million and spent $5.1 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (sewer, water)50%State tax money24%Federal tax money21%City taxes3.4%Fines and other1.0%

What stands out

21%

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

City taxes3.4%

Property tax
3.4%$201 thousand
Other taxes
<0.1%$3 thousand
What's in other taxesOther licenses
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services50%

Fees for services
50%$3.0 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$2.3 million
  • Water$581 thousand
  • Other service charges$76 thousand
  • Garbage collection$28 thousand

Amounts are by Census type of charge.

Federal tax money21%

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

From the federal government
21%$1.3 million

State tax money24%

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

From the state
24%$1.4 million

Fines and other1.0%

Interest, rents and other
1.0%$60 thousand

Where it goes

Water, sewer, trash and utilities71%Roads, transit and parking22%Running the government and other costs1.9%Police, fire, courts and jails1.9%Interest on debt1.7%All other spending1.3%

What stands out

71%

of Wood Lake's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
71%$3.6 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$2.4 million
  • Water supply$1.2 million
  • Garbage and solid waste$34 thousand
Roads, transit and parking
22%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Running the government and other costs
1.9%$95 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$60 thousand
  • Finance, tax collection and budgeting$25 thousand
  • Central staff services (personnel, purchasing, technology)$10 thousand
Police, fire, courts and jails
1.9%$95 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$95 thousand
Interest on debt
1.7%$86 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$63 thousand
  • Interest on water supply debt$23 thousand
Parks, recreation and libraries
1.0%$52 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$52 thousand
Health and hospitals
0.3%$15 thousand
What's in health and hospitalsPublic health
  • Public health$15 thousand
Sources and moreWhere these numbers come from and what they cover

City of Wood 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 Wood 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.