City government · Montgomery County, AR

Mount Ida's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Mount Ida took in $1.5 million and spent $672 thousand.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Federal tax money35%City taxes28%Fines and other18%State tax money7.8%Fees for services (garbage collection, airport)6.5%County and local tax money4.6%

What stands out

35%

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

City taxes28%

Sales tax
20%$303 thousand
Other taxes
5.2%$80 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$80 thousand

Amounts are by Census tax category.

Property tax
2.9%$45 thousand

Fees for services6.5%

Fees for services
6.5%$100 thousand
What's in fees for servicesGarbage collection and airport
  • Garbage collection$97 thousand
  • Airport$3 thousand

Amounts are by Census type of charge.

Federal tax money35%

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

From the federal government
35%$527 thousand

State tax money7.8%

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

From the state
7.8%$119 thousand

County and local tax money4.6%

Money passed on by the county or other local governments.

From the county and other local governments
4.6%$71 thousand

Fines and other18%

Interest, rents and other
17%$258 thousand
Fines
1.6%$24 thousand

Where it goes

Water, sewer, trash and utilities33%Running the government and other costs30%Police, fire, courts and jails23%Roads, transit and parking13%Parks, recreation and libraries1.8%

What stands out

23%

of Mount Ida'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
33%$222 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$222 thousand
Running the government and other costs
30%$200 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$95 thousand
  • Finance, tax collection and budgeting$92 thousand
  • Government buildings$13 thousand
Police, fire, courts and jails
23%$152 thousand
What's in police, fire, courts and jailsCourts and legal services; police and 1 more
  • Courts and legal services$93 thousand
  • Police$36 thousand
  • Fire protection$23 thousand
Roads, transit and parking
13%$86 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$48 thousand
  • Airports$38 thousand
Parks, recreation and libraries
1.8%$12 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$12 thousand
Sources and moreWhere these numbers come from and what they cover

City of Mount Ida. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Mount Ida 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.