City government · Stearns County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Richmond took in $2.4 million and spent $3.6 million.

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

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Where it comes from

Fees for services (water, sewer)42%City taxes31%State tax money17%Fines and other9.9%Federal tax money0.6%

What stands out

29%

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

City taxes31%

Property tax
29%$691 thousand
Other taxes
1.8%$44 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$31 thousand
  • Public utility taxes$13 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$1.0 million
What's in fees for servicesWater; sewer and 3 more
  • Water$521 thousand
  • Sewer$379 thousand
  • Parks and recreation$105 thousand
  • Other service charges$3 thousand
  • Garbage collection$2 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$14 thousand

State tax money17%

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

From the state
17%$407 thousand

Fines and other9.9%

Interest, rents and other
9.7%$233 thousand
Fines
0.2%$6 thousand

Where it goes

Roads, transit and parking40%Parks, recreation and libraries20%Water, sewer, trash and utilities19%Police, fire, courts and jails7.8%Running the government and other costs7.3%All other spending5.5%

What stands out

40%

of Richmond'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%

Roads, transit and parking
40%$1.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.5 million
Parks, recreation and libraries
20%$708 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$703 thousand
  • Libraries$5 thousand
Water, sewer, trash and utilities
19%$695 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$479 thousand
  • Water supply$216 thousand
Police, fire, courts and jails
7.8%$281 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$188 thousand
  • Fire protection$93 thousand
Running the government and other costs
7.3%$263 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$185 thousand
  • Finance, tax collection and budgeting$44 thousand
  • Central staff services (personnel, purchasing, technology)$34 thousand
Interest on debt
5.3%$192 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$151 thousand
  • Interest on water supply debt$41 thousand
Health and hospitals
0.1%$5 thousand
What's in health and hospitalsPublic health
  • Public health$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Richmond. 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 Richmond 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.