City government · Cass County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Atlantic took in $28.4 million and spent $27.4 million.

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

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Where it comes from

Fees for services (electric power, sewer)70%City taxes20%Fines and other3.6%State tax money3.5%Federal tax money2.1%County and local tax money0.1%

What stands out

70%

of Atlantic'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 taxes20%

Property tax
14%$4.1 million
Sales tax
4.7%$1.3 million
Other taxes
1.1%$320 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$204 thousand
  • Other selective sales taxes$83 thousand
  • Other licenses$33 thousand

Amounts are by Census tax category.

Fees for services70%

Fees for services
70%$19.9 million
What's in fees for servicesElectric power; sewer and 4 more
  • Electric power$15.8 million
  • Sewer$2.0 million
  • Water$1.6 million
  • Airport$354 thousand
  • Parks and recreation$132 thousand
  • Other service charges$102 thousand

Amounts are by Census type of charge.

Federal tax money2.1%

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

From the federal government
2.1%$609 thousand

State tax money3.5%

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

From the state
3.5%$1.0 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$38 thousand

Fines and other3.6%

Interest, rents and other
3.6%$1.0 million
Fines
<0.1%$24 thousand

Where it goes

Water, sewer, trash and utilities72%Police, fire, courts and jails8.9%Roads, transit and parking6.4%Running the government and other costs4.3%Parks, recreation and libraries4.1%All other spending4.3%

What stands out

72%

of Atlantic's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
72%$19.8 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$17.1 million
  • Water supply$1.5 million
  • Sewer systems$1.0 million
  • Garbage and solid waste$86 thousand
Police, fire, courts and jails
8.9%$2.4 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$1.7 million
  • Fire protection$602 thousand
  • Inspections and regulation$85 thousand
  • Courts and legal services$50 thousand
Roads, transit and parking
6.4%$1.8 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.2 million
  • Airports$538 thousand
Running the government and other costs
4.3%$1.2 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$522 thousand
  • Finance, tax collection and budgeting$506 thousand
  • Government buildings$76 thousand
  • Central staff services (personnel, purchasing, technology)$46 thousand
  • Other government-run businesses$30 thousand
Parks, recreation and libraries
4.1%$1.1 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$597 thousand
  • Parks and recreation$527 thousand
Health and hospitals
1.7%$469 thousand
What's in health and hospitalsPublic health
  • Public health$469 thousand
Sent to other local governments
1.4%$372 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$372 thousand
Interest on debt
1.2%$324 thousand
Housing and community development
<0.1%$6 thousand
Sources and moreWhere these numbers come from and what they cover

City of Atlantic. 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 Atlantic 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.