City government · Yellow Medicine County, MN

Granite Falls's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Granite Falls took in $15.6 million and spent $15.1 million.

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

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Where it comes from

Fees for services (electric power, liquor stores)61%City taxes15%State tax money14%Fines and other8.9%Federal tax money1.3%County and local tax money0.5%

What stands out

61%

of Granite Falls' 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 taxes15%

Property tax
14%$2.1 million
Other taxes
0.9%$133 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$81 thousand
  • Other licenses$38 thousand
  • Other selective sales taxes$14 thousand

Amounts are by Census tax category.

Fees for services61%

Fees for services
61%$9.4 million
What's in fees for servicesElectric power; liquor stores and 8 more
  • Electric power$5.0 million
  • Liquor stores$1.6 million
  • Water$950 thousand
  • Sewer$893 thousand
  • Housing$408 thousand
  • Other service charges$301 thousand
  • Parks and recreation$277 thousand
  • Airport$45 thousand
  • Transit fares$2 thousand
  • Other government-run businesses$1 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

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

From the federal government
1.3%$198 thousand

State tax money14%

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

From the state
14%$2.2 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$77 thousand

Fines and other8.9%

Interest, rents and other
8.8%$1.4 million
Fines
0.1%$18 thousand

Where it goes

Water, sewer, trash and utilities50%Roads, transit and parking13%Interest on debt10%Police, fire, courts and jails10%Running the government and other costs8.5%All other spending8.1%

What stands out

10%

of Granite Falls' spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
50%$7.6 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$3.5 million
  • Water supply$1.6 million
  • Liquor stores$1.3 million
  • Sewer systems$1.2 million
Roads, transit and parking
13%$1.9 million
What's in roads, transit and parkingRoads and highways; airports and 1 more
  • Roads and highways$1.8 million
  • Airports$79 thousand
  • Public transit$12 thousand
Interest on debt
10%$1.6 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.4 million
  • Interest on water supply debt$211 thousand
Police, fire, courts and jails
10%$1.5 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$910 thousand
  • Fire protection$591 thousand
Running the government and other costs
8.5%$1.3 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$951 thousand
  • Finance, tax collection and budgeting$238 thousand
  • Central staff services (personnel, purchasing, technology)$58 thousand
  • Other government-run businesses$35 thousand
Parks, recreation and libraries
6.7%$1.0 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$890 thousand
  • Libraries$118 thousand
Housing and community development
1.4%$205 thousand
Environment and natural resources
<0.1%$7 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$7 thousand
Sources and moreWhere these numbers come from and what they cover

City of Granite Falls. 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 Granite Falls 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.