City government · Kandiyohi County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Pennock took in $519 thousand and spent $607 thousand.

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

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Where it comes from

State tax money36%City taxes30%Fees for services (water, sewer)24%Federal tax money5.4%Fines and other4.4%

What stands out

36%

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

City taxes30%

Property tax
29%$153 thousand
Other taxes
0.8%$4 thousand
What's in other taxesOther licenses
  • Other licenses$4 thousand

Amounts are by Census tax category.

Fees for services24%

Fees for services
24%$124 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$94 thousand
  • Sewer$27 thousand
  • Parks and recreation$3 thousand

Amounts are by Census type of charge.

Federal tax money5.4%

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

From the federal government
5.4%$28 thousand

State tax money36%

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

From the state
36%$187 thousand

Fines and other4.4%

Interest, rents and other
4.4%$23 thousand

Where it goes

Water, sewer, trash and utilities37%Roads, transit and parking22%Running the government and other costs14%Interest on debt12%Police, fire, courts and jails11%Parks, recreation and libraries4.0%

What stands out

12%

of Pennock'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
37%$224 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$155 thousand
  • Water supply$67 thousand
  • Garbage and solid waste$2 thousand
Roads, transit and parking
22%$135 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$135 thousand
Running the government and other costs
14%$87 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$55 thousand
  • Finance, tax collection and budgeting$26 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
Interest on debt
12%$71 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$47 thousand
  • Interest on water supply debt$24 thousand
Police, fire, courts and jails
11%$66 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$38 thousand
  • Police$28 thousand
Parks, recreation and libraries
4.0%$24 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$24 thousand
Sources and moreWhere these numbers come from and what they cover

City of Pennock. 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 Pennock 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.