City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Loretto took in $1.9 million and spent $3.2 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (water, sewer)36%State tax money29%City taxes25%Fines and other8.4%Federal tax money1.9%County and local tax money0.4%

What stands out

29%

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

City taxes25%

Property tax
24%$458 thousand
Other taxes
1.3%$26 thousand
What's in other taxesOther licenses
  • Other licenses$26 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services
36%$691 thousand
What's in fees for servicesWater; sewer and 4 more
  • Water$294 thousand
  • Sewer$241 thousand
  • Road charges$83 thousand
  • Garbage collection$49 thousand
  • Other service charges$14 thousand
  • Parks and recreation$10 thousand

Amounts are by Census type of charge.

Federal tax money1.9%

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

From the federal government
1.9%$36 thousand

State tax money29%

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

From the state
29%$563 thousand

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$7 thousand

Fines and other8.4%

Interest, rents and other
8.2%$160 thousand
Fines
0.2%$3 thousand

Where it goes

Water, sewer, trash and utilities44%Roads, transit and parking35%Parks, recreation and libraries8.9%Police, fire, courts and jails6.0%Running the government and other costs5.7%Interest on debt<0.1%

What stands out

35%

of Loretto's 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%

Water, sewer, trash and utilities
44%$1.4 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$754 thousand
  • Water supply$548 thousand
  • Garbage and solid waste$126 thousand
Roads, transit and parking
35%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Parks, recreation and libraries
8.9%$288 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$288 thousand
Police, fire, courts and jails
6.0%$193 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$123 thousand
  • Police$70 thousand
Running the government and other costs
5.7%$184 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$129 thousand
  • Finance, tax collection and budgeting$41 thousand
  • Central staff services (personnel, purchasing, technology)$14 thousand
Interest on debt
<0.1%$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Loretto. 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 Loretto 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.