City government · Meeker County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Cosmos took in $1.3 million and spent $1.9 million.

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

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Where it comes from

Fees for services (water, sewer)30%Federal tax money23%City taxes22%State tax money14%Fines and other10%

What stands out

23%

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

City taxes22%

Property tax
22%$285 thousand
Other taxes
0.4%$5 thousand
What's in other taxesOther licenses
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services30%

Fees for services
30%$392 thousand
What's in fees for servicesWater; other service charges and 4 more
  • Water$185 thousand
  • Other service charges$79 thousand
  • Sewer$50 thousand
  • Garbage collection$46 thousand
  • Road charges$21 thousand
  • Parks and recreation$11 thousand

Amounts are by Census type of charge.

Federal tax money23%

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

From the federal government
23%$300 thousand

State tax money14%

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

From the state
14%$187 thousand

Fines and other10%

Interest, rents and other
10%$135 thousand
Fines
0.2%$2 thousand

Where it goes

Roads, transit and parking60%Water, sewer, trash and utilities18%Running the government and other costs10%Police, fire, courts and jails5.0%Parks, recreation and libraries3.9%All other spending2.9%

What stands out

60%

of Cosmos' 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
60%$1.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.2 million
Water, sewer, trash and utilities
18%$341 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$239 thousand
  • Garbage and solid waste$52 thousand
  • Sewer systems$50 thousand
Running the government and other costs
10%$196 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$121 thousand
  • Other and not broken out$68 thousand
  • Central staff services (personnel, purchasing, technology)$7 thousand
Police, fire, courts and jails
5.0%$97 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$55 thousand
  • Police$42 thousand
Parks, recreation and libraries
3.9%$74 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$74 thousand
Health and hospitals
2.7%$51 thousand
What's in health and hospitalsPublic health
  • Public health$51 thousand
Interest on debt
0.3%$5 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$4 thousand
  • Interest on water supply debt$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cosmos. 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 Cosmos 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.