City government · Stearns County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Albany took in $6.6 million and spent $6.9 million.

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

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Where it comes from

Fees for services (water, parks and recreation)46%Fines and other20%City taxes17%State tax money13%Federal tax money4.2%County and local tax money<0.1%

What stands out

19%

of Albany's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

City taxes17%

Property tax
15%$1.0 million
Other taxes
1.5%$99 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$62 thousand
  • Public utility taxes$37 thousand

Amounts are by Census tax category.

Fees for services46%

Fees for services
46%$3.0 million
What's in fees for servicesWater; parks and recreation and 2 more
  • Water$1.2 million
  • Parks and recreation$1.0 million
  • Sewer$736 thousand
  • Other service charges$41 thousand

Amounts are by Census type of charge.

Federal tax money4.2%

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

From the federal government
4.2%$276 thousand

State tax money13%

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

From the state
13%$869 thousand

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$6 thousand

Fines and other20%

Interest, rents and other
19%$1.3 million
Fines
0.3%$20 thousand

Where it goes

Roads, transit and parking31%Police, fire, courts and jails22%Parks, recreation and libraries19%Water, sewer, trash and utilities14%Running the government and other costs9.1%Interest on debt3.8%

What stands out

19%

of Albany'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%

Roads, transit and parking
31%$2.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.2 million
Police, fire, courts and jails
22%$1.5 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$977 thousand
  • Police$564 thousand
Parks, recreation and libraries
19%$1.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.3 million
  • Libraries$21 thousand
Water, sewer, trash and utilities
14%$955 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$522 thousand
  • Water supply$433 thousand
Running the government and other costs
9.1%$630 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$402 thousand
  • Finance, tax collection and budgeting$212 thousand
  • Central staff services (personnel, purchasing, technology)$16 thousand
Interest on debt
3.8%$260 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$234 thousand
  • Interest on water supply debt$26 thousand
Sources and moreWhere these numbers come from and what they cover

City of Albany. 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 Albany 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.