City government · Fillmore County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Preston took in $6.9 million and spent $8.8 million.

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

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Where it comes from

Fees for services (electric power, water)67%City taxes16%State tax money9.1%Fines and other6.6%Federal tax money1.0%County and local tax money0.5%

What stands out

67%

of Preston's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes16%

Property tax
15%$1.0 million
Other taxes
0.5%$31 thousand
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$18 thousand
  • Other licenses$9 thousand
  • Public utility taxes$4 thousand

Amounts are by Census tax category.

Fees for services67%

Fees for services
67%$4.6 million
What's in fees for servicesElectric power; water and 6 more
  • Electric power$2.6 million
  • Water$692 thousand
  • Sewer$591 thousand
  • Hospital bills$352 thousand
  • Other service charges$247 thousand
  • Road charges$81 thousand
  • Parks and recreation$23 thousand
  • Other government-run businesses$7 thousand

Amounts are by Census type of charge.

Federal tax money1.0%

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

From the federal government
1.0%$70 thousand

State tax money9.1%

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

From the state
9.1%$624 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$37 thousand

Fines and other6.6%

Interest, rents and other
6.6%$454 thousand
Fines
<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities50%Roads, transit and parking26%Running the government and other costs10%Police, fire, courts and jails6.3%Health and hospitals3.3%All other spending4.4%

What stands out

26%

of Preston'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
50%$4.4 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$2.5 million
  • Water supply$1.2 million
  • Sewer systems$743 thousand
  • Garbage and solid waste$15 thousand
Roads, transit and parking
26%$2.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.3 million
Running the government and other costs
10%$883 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$513 thousand
  • Finance, tax collection and budgeting$354 thousand
  • Other government-run businesses$10 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
Police, fire, courts and jails
6.3%$559 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$370 thousand
  • Fire protection$189 thousand
Health and hospitals
3.3%$291 thousand
What's in health and hospitalsPublic health
  • Public health$291 thousand
Parks, recreation and libraries
2.8%$250 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$128 thousand
  • Parks and recreation$122 thousand
Interest on debt
1.6%$140 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$124 thousand
  • Interest on water supply debt$16 thousand
Sources and moreWhere these numbers come from and what they cover

City of Preston. 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 Preston 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.