City government · Monroe County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Waterloo took in $31.4 million and spent $28.4 million.

Latest recorded year: ended April 30, 2022Comes fromGoes to

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Where it comes from

Fees for services (electric power, gas)68%State tax money23%City taxes7.9%Fines and other1.1%

What stands out

68%

of Waterloo's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes7.9%

Property tax
4.7%$1.5 million
Other taxes
3.3%$1.0 million
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$727 thousand
  • Other licenses$282 thousand
  • Other selective sales taxes$15 thousand

Amounts are by Census tax category.

Fees for services68%

Fees for services
68%$21.5 million
What's in fees for servicesElectric power; gas and 3 more
  • Electric power$12.4 million
  • Gas$3.4 million
  • Water$2.7 million
  • Sewer$2.1 million
  • Garbage collection$880 thousand

Amounts are by Census type of charge.

State tax money23%

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

From the state
23%$7.1 million

Fines and other1.1%

Interest, rents and other
1.0%$299 thousand
Fines
0.1%$36 thousand

Where it goes

Water, sewer, trash and utilities64%Police, fire, courts and jails13%Roads, transit and parking12%Running the government and other costs9.6%Parks, recreation and libraries1.8%Sent to other local governments<0.1%

What stands out

64%

of Waterloo's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
64%$18.2 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 3 more
  • Electric power$10.2 million
  • Gas supply$4.3 million
  • Water supply$2.5 million
  • Garbage and solid waste$864 thousand
  • Sewer systems$299 thousand
Police, fire, courts and jails
13%$3.6 million
What's in police, fire, courts and jailsPolice
  • Police$3.6 million
Roads, transit and parking
12%$3.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.3 million
Running the government and other costs
9.6%$2.7 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$1.5 million
  • Central staff services (personnel, purchasing, technology)$802 thousand
  • Finance, tax collection and budgeting$283 thousand
  • Government buildings$117 thousand
Parks, recreation and libraries
1.8%$505 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$482 thousand
  • Parks and recreation$23 thousand
Sent to other local governments
<0.1%$17 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$17 thousand
Sources and moreWhere these numbers come from and what they cover

City of Waterloo. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 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 Waterloo 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.