City government · Buena Vista County, IA

Albert City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Albert City took in $1.1 million and spent $870 thousand.

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

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Where it comes from

City taxes40%Fees for services (sewer, water)40%State tax money15%Fines and other3.3%County and local tax money1.0%

What stands out

9.5%

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

City taxes40%

Property tax

26%$289 thousand

Sales tax

9.5%$105 thousand

Other taxes

4.9%$54 thousand

What's in other taxesPublic utility taxes and other licenses

Public utility taxes$52 thousand
Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services40%

Fees for services

40%$446 thousand

What's in fees for servicesSewer; water and 2 more

Sewer$191 thousand
Water$151 thousand
Garbage collection$91 thousand
Parks and recreation$13 thousand

Amounts are by Census type of charge.

State tax money15%

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

From the state

15%$165 thousand

County and local tax money1.0%

Money passed on by the county or other local governments.

From the county and other local governments

1.0%$11 thousand

Fines and other3.3%

Interest, rents and other

3.2%$35 thousand

Fines

0.2%$2 thousand

Where it goes

Water, sewer, trash and utilities29%Parks, recreation and libraries21%Roads, transit and parking20%Running the government and other costs15%Interest on debt6.3%All other spending8.3%

What stands out

21%

of Albert City's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities

29%$253 thousand

What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more

Water supply$97 thousand
Garbage and solid waste$81 thousand
Sewer systems$75 thousand

Parks, recreation and libraries

21%$186 thousand

What's in parks, recreation and librariesParks and recreation and libraries

Parks and recreation$98 thousand
Libraries$88 thousand

Roads, transit and parking

20%$177 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$177 thousand

Running the government and other costs

15%$127 thousand

What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more

Other and not broken out$55 thousand
Finance, tax collection and budgeting$35 thousand
Government buildings$25 thousand
Central staff services (personnel, purchasing, technology)$12 thousand

Interest on debt

6.3%$55 thousand

What's in interest on debtInterest on general debt and interest on water supply debt

Interest on general debt$47 thousand
Interest on water supply debt$8 thousand

Police, fire, courts and jails

5.5%$48 thousand

What's in police, fire, courts and jailsPolice; courts and legal services and 2 more

Police$24 thousand
Courts and legal services$14 thousand
Fire protection$8 thousand
Inspections and regulation$2 thousand

Sent to other local governments

2.8%$24 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$24 thousand

Sources and moreWhere these numbers come from and what they cover

City of Albert City. 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 Albert City 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.