City government · Grady County, OK

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

In the latest recorded fiscal year (ended June 30, 2022), Minco took in $2.0 million and spent $1.5 million.

Latest recorded year: ended June 30, 2022Comes from Goes to

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Where it comes from

City taxes42%Fees for services (water, garbage collection)36%Federal tax money9.5%Fines and other9.1%State tax money2.9%County and local tax money0.2%

What stands out

41%

of Minco's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes42%

Sales tax

41%$807 thousand

Other taxes

1.5%$30 thousand

What's in other taxesPublic utility taxes and other licenses

Public utility taxes$29 thousand
Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services

36%$709 thousand

What's in fees for servicesWater; garbage collection and 3 more

Water$375 thousand
Garbage collection$235 thousand
Sewer$82 thousand
Other government-run businesses$14 thousand
Other service charges$3 thousand

Amounts are by Census type of charge.

Federal tax money9.5%

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

From the federal government

9.5%$187 thousand

State tax money2.9%

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

From the state

2.9%$58 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments

0.2%$4 thousand

Fines and other9.1%

Fines

5.5%$108 thousand

Interest, rents and other

3.6%$72 thousand

Where it goes

Water, sewer, trash and utilities52%Police, fire, courts and jails27%Running the government and other costs18%Roads, transit and parking2.4%Interest on debt0.7%Parks, recreation and libraries<0.1%

What stands out

27%

of Minco's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities

52%$758 thousand

What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more

Water supply$419 thousand
Sewer systems$181 thousand
Garbage and solid waste$158 thousand

Police, fire, courts and jails

27%$398 thousand

What's in police, fire, courts and jailsPolice; fire protection and 1 more

Police$362 thousand
Fire protection$24 thousand
Courts and legal services$12 thousand

Running the government and other costs

18%$266 thousand

What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other government-run businesses

Central staff services (personnel, purchasing, technology)$261 thousand
Other government-run businesses$5 thousand

Roads, transit and parking

2.4%$35 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$35 thousand

Interest on debt

0.7%$10 thousand

Parks, recreation and libraries

<0.1%$1 thousand

What's in parks, recreation and librariesParks and recreation

Parks and recreation$1 thousand

Sources and moreWhere these numbers come from and what they cover

City of Minco. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Minco 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.