City government · Murray County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Iona took in $237 thousand and spent $231 thousand.

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

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Where it comes from

Fees for services (water, sewer)52%State tax money24%City taxes19%Federal tax money3.0%Fines and other1.3%

What stands out

24%

of Iona's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes19%

Property tax
19%$44 thousand
Other taxes
0.4%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services52%

Fees for services
52%$124 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$83 thousand
  • Sewer$34 thousand
  • Other service charges$7 thousand

Amounts are by Census type of charge.

Federal tax money3.0%

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

From the federal government
3.0%$7 thousand

State tax money24%

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

From the state
24%$58 thousand

Fines and other1.3%

Interest, rents and other
1.3%$3 thousand

Where it goes

Water, sewer, trash and utilities44%Interest on debt29%Running the government and other costs10%Police, fire, courts and jails7.8%Roads, transit and parking5.2%All other spending4.3%

What stands out

29%

of Iona's 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
44%$101 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$56 thousand
  • Sewer systems$45 thousand
Interest on debt
29%$67 thousand
Running the government and other costs
10%$23 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$15 thousand
  • Finance, tax collection and budgeting$4 thousand
  • Central staff services (personnel, purchasing, technology)$4 thousand
Police, fire, courts and jails
7.8%$18 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$16 thousand
  • Police$2 thousand
Roads, transit and parking
5.2%$12 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$12 thousand
Parks, recreation and libraries
3.5%$8 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$8 thousand
Health and hospitals
0.9%$2 thousand
What's in health and hospitalsPublic health
  • Public health$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Iona. 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 Iona 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.