City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Mound took in $23.0 million and spent $21.7 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Fees for services (liquor stores, sewer)55%City taxes36%Fines and other4.3%State tax money3.9%Federal tax money1.5%County and local tax money0.1%

What stands out

31%

of Mound's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

City taxes36%

Property tax
31%$7.2 million
Other taxes
4.4%$1.0 million
What's in other taxesOther licenses and public utility taxes
  • Other licenses$652 thousand
  • Public utility taxes$371 thousand

Amounts are by Census tax category.

Fees for services55%

Fees for services
55%$12.6 million
What's in fees for servicesLiquor stores; sewer and 5 more
  • Liquor stores$4.3 million
  • Sewer$3.9 million
  • Water$2.9 million
  • Other service charges$1.1 million
  • Garbage collection$250 thousand
  • Parks and recreation$80 thousand
  • Road charges$64 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%$345 thousand

State tax money3.9%

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

From the state
3.9%$889 thousand

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$25 thousand

Fines and other4.3%

Interest, rents and other
4.1%$945 thousand
Fines
0.2%$40 thousand

Where it goes

Water, sewer, trash and utilities47%Police, fire, courts and jails22%Running the government and other costs11%Roads, transit and parking9.8%Parks, recreation and libraries5.5%All other spending5.3%

What stands out

22%

of Mound'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
47%$10.2 million
What's in water, sewer, trash and utilitiesSewer systems; liquor stores and 2 more
  • Sewer systems$3.8 million
  • Liquor stores$3.5 million
  • Water supply$2.7 million
  • Garbage and solid waste$250 thousand
Police, fire, courts and jails
22%$4.7 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$2.8 million
  • Fire protection$1.9 million
Running the government and other costs
11%$2.3 million
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$1.5 million
  • Finance, tax collection and budgeting$771 thousand
  • Central staff services (personnel, purchasing, technology)$79 thousand
Roads, transit and parking
9.8%$2.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.1 million
Parks, recreation and libraries
5.5%$1.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.2 million
Interest on debt
4.3%$940 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$643 thousand
  • Interest on water supply debt$297 thousand
Housing and community development
1.0%$209 thousand
Sources and moreWhere these numbers come from and what they cover

City of Mound. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Mound 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.