City government · Kossuth County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Algona took in $14.3 million and spent $10.1 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

See every government that serves your ZIP

Where it comes from

City taxes43%Fees for services (sewer, airport)22%Federal tax money20%Fines and other8.0%State tax money6.3%County and local tax money0.5%

What stands out

20%

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

City taxes43%

Property tax
33%$4.8 million
Sales tax
7.0%$1.0 million
Other taxes
2.8%$400 thousand
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$174 thousand
  • Public utility taxes$129 thousand
  • Other licenses$97 thousand

Amounts are by Census tax category.

Fees for services22%

Fees for services
22%$3.1 million
What's in fees for servicesSewer; other service charges and 3 more
  • Sewer$2.6 million
  • Other service charges$267 thousand
  • Airport$113 thousand
  • Parks and recreation$96 thousand
  • Other government-run businesses$18 thousand

Amounts are by Census type of charge.

Federal tax money20%

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

From the federal government
20%$2.9 million

State tax money6.3%

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

From the state
6.3%$898 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$68 thousand

Fines and other8.0%

Interest, rents and other
7.8%$1.1 million
Fines
0.1%$15 thousand

Where it goes

Running the government and other costs25%Water, sewer, trash and utilities19%Police, fire, courts and jails18%Roads, transit and parking17%Parks, recreation and libraries14%All other spending7.1%

What stands out

14%

of Algona'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%

Running the government and other costs
25%$2.5 million
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$1.5 million
  • Finance, tax collection and budgeting$695 thousand
  • Other government-run businesses$193 thousand
  • Central staff services (personnel, purchasing, technology)$69 thousand
Water, sewer, trash and utilities
19%$2.0 million
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$2.0 million
Police, fire, courts and jails
18%$1.8 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.6 million
  • Fire protection$255 thousand
Roads, transit and parking
17%$1.7 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.3 million
  • Airports$401 thousand
Parks, recreation and libraries
14%$1.4 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$849 thousand
  • Libraries$584 thousand
Housing and community development
2.6%$263 thousand
Interest on debt
2.5%$248 thousand
Sent to other local governments
1.9%$188 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$188 thousand
Health and hospitals
0.1%$11 thousand
What's in health and hospitalsPublic health
  • Public health$11 thousand
Social services
<0.1%$1 thousand
What's in social servicesOther public welfare
  • Other public welfare$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Algona. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Algona 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.