City government · Plymouth County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Akron took in $9.4 million and spent $8.2 million.

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

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Where it comes from

Fees for services (electric power, water)67%City taxes13%Fines and other12%Federal tax money4.1%State tax money2.3%County and local tax money1.5%

What stands out

67%

of Akron's 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
10%$963 thousand
Sales tax
2.7%$250 thousand
Other taxes
0.4%$42 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$37 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services67%

Fees for services
67%$6.3 million
What's in fees for servicesOther service charges; electric power and 5 more
  • Other service charges$3.8 million
  • Electric power$2.0 million
  • Water$195 thousand
  • Sewer$153 thousand
  • Garbage collection$144 thousand
  • Parks and recreation$33 thousand
  • Road charges$9 thousand

Amounts are by Census type of charge.

Federal tax money4.1%

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

From the federal government
4.1%$387 thousand

State tax money2.3%

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

From the state
2.3%$215 thousand

County and local tax money1.5%

Money passed on by the county or other local governments.

From the county and other local governments
1.5%$141 thousand

Fines and other12%

Interest, rents and other
12%$1.1 million

Where it goes

Running the government and other costs50%Water, sewer, trash and utilities28%Parks, recreation and libraries6.6%Roads, transit and parking4.7%Police, fire, courts and jails3.2%All other spending6.5%

What stands out

50%

of Akron's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
50%$4.1 million
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$4.0 million
  • Finance, tax collection and budgeting$121 thousand
  • Government buildings$5 thousand
Water, sewer, trash and utilities
28%$2.3 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$1.9 million
  • Water supply$199 thousand
  • Sewer systems$114 thousand
  • Garbage and solid waste$113 thousand
Parks, recreation and libraries
6.6%$543 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$442 thousand
  • Libraries$101 thousand
Roads, transit and parking
4.7%$383 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$383 thousand
Police, fire, courts and jails
3.2%$258 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$171 thousand
  • Fire protection$87 thousand
Health and hospitals
3.0%$249 thousand
What's in health and hospitalsPublic health
  • Public health$249 thousand
Interest on debt
2.8%$225 thousand
What's in interest on debtInterest on general debt and interest on electric power debt
  • Interest on general debt$168 thousand
  • Interest on electric power debt$57 thousand
Housing and community development
0.5%$44 thousand
Social services
0.2%$17 thousand
What's in social servicesOther public welfare
  • Other public welfare$17 thousand
Sources and moreWhere these numbers come from and what they cover

City of Akron. 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 Akron 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.