City government · Wright County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Cokato took in $5.1 million and spent $5.7 million.

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

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Where it comes from

Fees for services (water, sewer)43%City taxes32%State tax money15%Fines and other6.6%County and local tax money2.6%Federal tax money0.8%

What stands out

30%

of Cokato's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

City taxes32%

Property tax
30%$1.6 million
Other taxes
1.8%$94 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$87 thousand
  • Public utility taxes$7 thousand

Amounts are by Census tax category.

Fees for services43%

Fees for services
43%$2.2 million
What's in fees for servicesWater; sewer and 5 more
  • Water$1.0 million
  • Sewer$731 thousand
  • Other service charges$291 thousand
  • Road charges$136 thousand
  • Parks and recreation$15 thousand
  • Other government-run businesses$2 thousand
  • Garbage collection$2 thousand

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government
0.8%$41 thousand

State tax money15%

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

From the state
15%$761 thousand

County and local tax money2.6%

Money passed on by the county or other local governments.

From the county and other local governments
2.6%$132 thousand

Fines and other6.6%

Interest, rents and other
6.5%$332 thousand
Fines
0.2%$8 thousand

Where it goes

Roads, transit and parking35%Water, sewer, trash and utilities27%Police, fire, courts and jails13%Parks, recreation and libraries8.7%Running the government and other costs8.4%All other spending8.5%

What stands out

35%

of Cokato's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
35%$2.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.0 million
Water, sewer, trash and utilities
27%$1.5 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$816 thousand
  • Water supply$717 thousand
Police, fire, courts and jails
13%$709 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$474 thousand
  • Fire protection$235 thousand
Parks, recreation and libraries
8.7%$494 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$331 thousand
  • Libraries$163 thousand
Running the government and other costs
8.4%$475 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$230 thousand
  • Other and not broken out$207 thousand
  • Central staff services (personnel, purchasing, technology)$36 thousand
  • Other government-run businesses$2 thousand
Interest on debt
4.5%$257 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$216 thousand
  • Interest on water supply debt$41 thousand
Health and hospitals
3.2%$180 thousand
What's in health and hospitalsPublic health
  • Public health$180 thousand
Housing and community development
0.8%$45 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cokato. 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 Cokato 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.