City government · Cavalier County, ND
Loma's money: where it comes from and where it goes
In the latest recorded fiscal year (ended December 31, 2021), Loma took in $17 thousand and spent $7 thousand.
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Where it comes from
What stands out
of Loma's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.
City taxes76%
State tax money24%
Money the state passes on, paid for by the state taxes residents also pay.
Where it goes
What stands out
of Loma'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%
What's in roads, transit and parkingRoads and highways
- Roads and highways$4 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
- Central staff services (personnel, purchasing, technology)$2 thousand
- Finance, tax collection and budgeting$1 thousand
Sources and moreWhere these numbers come from and what they cover
City of Loma. 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 Loma 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.