City government · Harrison County, IA

Magnolia's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Magnolia took in $175 thousand and spent $148 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (water, garbage collection)43%City taxes37%State tax money13%Federal tax money7.4%County and local tax money0.6%

What stands out

11%

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

City taxes37%

Property tax
25%$44 thousand
Sales tax
11%$19 thousand
Other taxes
0.6%$1 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$1 thousand

Amounts are by Census tax category.

Fees for services43%

Fees for services
43%$75 thousand
What's in fees for servicesWater and garbage collection
  • Water$71 thousand
  • Garbage collection$4 thousand

Amounts are by Census type of charge.

Federal tax money7.4%

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

From the federal government
7.4%$13 thousand

State tax money13%

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

From the state
13%$22 thousand

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$1 thousand

Where it goes

Water, sewer, trash and utilities45%Running the government and other costs26%Interest on debt15%Police, fire, courts and jails6.1%Roads, transit and parking4.1%Parks, recreation and libraries3.4%

What stands out

15%

of Magnolia's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
45%$67 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$62 thousand
  • Garbage and solid waste$5 thousand
Running the government and other costs
26%$39 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 3 more
  • Central staff services (personnel, purchasing, technology)$19 thousand
  • Other and not broken out$17 thousand
  • Finance, tax collection and budgeting$1 thousand
  • Government buildings$1 thousand
  • Other government-run businesses$1 thousand
Interest on debt
15%$22 thousand
Police, fire, courts and jails
6.1%$9 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$5 thousand
  • Police$4 thousand
Roads, transit and parking
4.1%$6 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$6 thousand
Parks, recreation and libraries
3.4%$5 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Magnolia. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Magnolia 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.