City government · Faribault County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Wells took in $10.2 million and spent $11.2 million.

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

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Where it comes from

Fees for services (electric power, liquor stores)69%City taxes13%State tax money12%Fines and other3.7%Federal tax money1.6%County and local tax money0.6%

What stands out

69%

of Wells' 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 taxes13%

Property tax
12%$1.2 million
Other taxes
0.8%$83 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$46 thousand
  • Other licenses$37 thousand

Amounts are by Census tax category.

Fees for services69%

Fees for services
69%$7.0 million
What's in fees for servicesElectric power; liquor stores and 6 more
  • Electric power$3.6 million
  • Liquor stores$1.3 million
  • Sewer$734 thousand
  • Water$624 thousand
  • Housing$260 thousand
  • Road charges$244 thousand
  • Other service charges$235 thousand
  • Parks and recreation$117 thousand

Amounts are by Census type of charge.

Federal tax money1.6%

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

From the federal government
1.6%$166 thousand

State tax money12%

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

From the state
12%$1.2 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$57 thousand

Fines and other3.7%

Interest, rents and other
3.6%$367 thousand
Fines
<0.1%$8 thousand

Where it goes

Water, sewer, trash and utilities53%Roads, transit and parking18%Running the government and other costs7.7%Police, fire, courts and jails7.1%Housing and community development6.4%All other spending7.9%

What stands out

6.4%

of Wells' spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
53%$6.0 million
What's in water, sewer, trash and utilitiesElectric power; liquor stores and 3 more
  • Electric power$3.6 million
  • Liquor stores$1.1 million
  • Sewer systems$876 thousand
  • Water supply$390 thousand
  • Garbage and solid waste$6 thousand
Roads, transit and parking
18%$2.0 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.9 million
  • Airports$38 thousand
Running the government and other costs
7.7%$863 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$606 thousand
  • Finance, tax collection and budgeting$240 thousand
  • Central staff services (personnel, purchasing, technology)$17 thousand
Police, fire, courts and jails
7.1%$790 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$662 thousand
  • Fire protection$128 thousand
Housing and community development
6.4%$714 thousand
Parks, recreation and libraries
4.9%$544 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$421 thousand
  • Libraries$123 thousand
Interest on debt
3.0%$332 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$269 thousand
  • Interest on water supply debt$63 thousand
Health and hospitals
<0.1%$7 thousand
What's in health and hospitalsPublic health
  • Public health$7 thousand
Sources and moreWhere these numbers come from and what they cover

City of Wells. 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 Wells 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.