City government · Lyon County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Cottonwood took in $2.1 million and spent $2.8 million.

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

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Where it comes from

City taxes38%Fees for services (sewer, water)29%State tax money18%Federal tax money8.1%Fines and other7.4%

What stands out

8.1%

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

City taxes38%

Property tax
37%$770 thousand
Other taxes
0.4%$8 thousand
What's in other taxesOther licenses
  • Other licenses$8 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$608 thousand
What's in fees for servicesSewer; other service charges and 2 more
  • Sewer$228 thousand
  • Other service charges$196 thousand
  • Water$176 thousand
  • Parks and recreation$8 thousand

Amounts are by Census type of charge.

Federal tax money8.1%

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

From the federal government
8.1%$167 thousand

State tax money18%

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

From the state
18%$368 thousand

Fines and other7.4%

Interest, rents and other
7.4%$153 thousand

Where it goes

Water, sewer, trash and utilities44%Roads, transit and parking16%Running the government and other costs15%Police, fire, courts and jails9.3%Parks, recreation and libraries7.0%All other spending8.0%

What stands out

3.5%

of Cottonwood's spending goes to health services and hospitals.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
44%$1.2 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$691 thousand
  • Sewer systems$517 thousand
Roads, transit and parking
16%$455 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$455 thousand
Running the government and other costs
15%$427 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$298 thousand
  • Finance, tax collection and budgeting$118 thousand
  • Central staff services (personnel, purchasing, technology)$11 thousand
Police, fire, courts and jails
9.3%$258 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$136 thousand
  • Police$122 thousand
Parks, recreation and libraries
7.0%$192 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$192 thousand
Interest on debt
4.1%$114 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$84 thousand
  • Interest on water supply debt$30 thousand
Health and hospitals
3.5%$96 thousand
What's in health and hospitalsPublic health
  • Public health$96 thousand
Housing and community development
0.4%$11 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cottonwood. 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 Cottonwood 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.