City government · Stearns County, MN

Cold Spring's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Cold Spring took in $9.0 million and spent $12.0 million.

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

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Where it comes from

Fees for services (sewer, water)54%City taxes22%Fines and other13%State tax money11%

What stands out

13%

of Cold Spring'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 taxes22%

Property tax
21%$1.9 million
Other taxes
1.7%$151 thousand
What's in other taxesOther licenses
  • Other licenses$151 thousand

Amounts are by Census tax category.

Fees for services54%

Fees for services
54%$4.9 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$3.0 million
  • Water$1.4 million
  • Other service charges$353 thousand
  • Road charges$50 thousand
  • Parks and recreation$47 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$1 thousand

State tax money11%

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

From the state
11%$958 thousand

Fines and other13%

Interest, rents and other
13%$1.2 million
Fines
0.3%$27 thousand

Where it goes

Water, sewer, trash and utilities64%Police, fire, courts and jails18%Running the government and other costs6.2%Roads, transit and parking5.6%Parks, recreation and libraries2.5%All other spending3.3%

What stands out

64%

of Cold Spring'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
64%$7.7 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$4.0 million
  • Water supply$3.7 million
Police, fire, courts and jails
18%$2.2 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.9 million
  • Fire protection$319 thousand
Running the government and other costs
6.2%$744 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$461 thousand
  • Finance, tax collection and budgeting$260 thousand
  • Central staff services (personnel, purchasing, technology)$23 thousand
Roads, transit and parking
5.6%$670 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$670 thousand
Parks, recreation and libraries
2.5%$305 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$299 thousand
  • Libraries$6 thousand
Interest on debt
1.9%$231 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$225 thousand
  • Interest on water supply debt$6 thousand
Housing and community development
1.4%$172 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cold Spring. 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 Cold Spring 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.