City government · Scott County, MN

Elko New Market's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Elko New Market took in $10.3 million and spent $10.2 million.

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

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Where it comes from

Fees for services (water, sewer)61%City taxes29%Fines and other4.9%State tax money3.8%Federal tax money1.5%

What stands out

61%

of Elko New Market's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes29%

Property tax
25%$2.6 million
Other taxes
4.0%$410 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$384 thousand
  • Public utility taxes$26 thousand

Amounts are by Census tax category.

Fees for services61%

Fees for services
61%$6.3 million
What's in fees for servicesWater; sewer and 4 more
  • Water$3.2 million
  • Sewer$2.2 million
  • Road charges$539 thousand
  • Other service charges$368 thousand
  • Garbage collection$8 thousand
  • Parks and recreation$1 thousand

Amounts are by Census type of charge.

Federal tax money1.5%

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

From the federal government
1.5%$152 thousand

State tax money3.8%

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

From the state
3.8%$395 thousand

Fines and other4.9%

Interest, rents and other
4.7%$487 thousand
Fines
0.1%$12 thousand

Where it goes

Water, sewer, trash and utilities57%Police, fire, courts and jails15%Roads, transit and parking13%Running the government and other costs8.6%Interest on debt4.7%Parks, recreation and libraries2.4%

What stands out

57%

of Elko New Market'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
57%$5.8 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$3.1 million
  • Sewer systems$2.7 million
Police, fire, courts and jails
15%$1.5 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.1 million
  • Fire protection$377 thousand
Roads, transit and parking
13%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Running the government and other costs
8.6%$883 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$564 thousand
  • Finance, tax collection and budgeting$282 thousand
  • Central staff services (personnel, purchasing, technology)$37 thousand
Interest on debt
4.7%$476 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$333 thousand
  • Interest on water supply debt$143 thousand
Parks, recreation and libraries
2.4%$241 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$241 thousand
Sources and moreWhere these numbers come from and what they cover

City of Elko New Market. 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 Elko New Market 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.