City government · Rock County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Magnolia took in $265 thousand and spent $144 thousand.

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

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Where it comes from

Fees for services (sewer, water)49%State tax money28%City taxes17%Federal tax money4.2%Fines and other1.9%County and local tax money0.4%

What stands out

28%

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

City taxes17%

Property tax
17%$46 thousand

Fees for services49%

Fees for services
49%$129 thousand
What's in fees for servicesSewer; other service charges and 2 more
  • Sewer$75 thousand
  • Other service charges$23 thousand
  • Water$18 thousand
  • Parks and recreation$13 thousand

Amounts are by Census type of charge.

Federal tax money4.2%

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

From the federal government
4.2%$11 thousand

State tax money28%

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

From the state
28%$73 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%$1 thousand

Fines and other1.9%

Interest, rents and other
1.9%$5 thousand

Where it goes

Water, sewer, trash and utilities28%Running the government and other costs26%Police, fire, courts and jails21%Roads, transit and parking18%Interest on debt5.6%Parks, recreation and libraries1.4%

What stands out

21%

of Magnolia's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
28%$41 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$20 thousand
  • Water supply$20 thousand
  • Garbage and solid waste$1 thousand
Running the government and other costs
26%$37 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$28 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
  • Finance, tax collection and budgeting$3 thousand
Police, fire, courts and jails
21%$30 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$21 thousand
  • Police$9 thousand
Roads, transit and parking
18%$26 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$26 thousand
Interest on debt
5.6%$8 thousand
Parks, recreation and libraries
1.4%$2 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Magnolia. 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 Magnolia 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.