City government · Kossuth County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Bancroft took in $3.4 million and spent $1.1 million.

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

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Where it comes from

Fees for services (electric power, sewer)68%City taxes20%County and local tax money3.5%Fines and other3.4%State tax money2.9%Federal tax money2.5%

What stands out

68%

of Bancroft'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%$470 thousand
Sales tax
3.6%$123 thousand
Other taxes
2.2%$75 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$72 thousand
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services68%

Fees for services
68%$2.3 million
What's in fees for servicesElectric power; sewer and 4 more
  • Electric power$1.9 million
  • Sewer$207 thousand
  • Water$180 thousand
  • Other service charges$24 thousand
  • Housing$15 thousand
  • Parks and recreation$11 thousand

Amounts are by Census type of charge.

Federal tax money2.5%

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

From the federal government
2.5%$85 thousand

State tax money2.9%

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

From the state
2.9%$99 thousand

County and local tax money3.5%

Money passed on by the county or other local governments.

From the county and other local governments
3.5%$121 thousand

Fines and other3.4%

Interest, rents and other
3.4%$115 thousand

Where it goes

Water, sewer, trash and utilities22%Parks, recreation and libraries19%Running the government and other costs13%Roads, transit and parking12%Police, fire, courts and jails9.7%All other spending24%

What stands out

19%

of Bancroft'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
22%$246 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$110 thousand
  • Sewer systems$96 thousand
  • Electric power$40 thousand
Parks, recreation and libraries
19%$214 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$117 thousand
  • Libraries$97 thousand
Running the government and other costs
13%$142 thousand
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$93 thousand
  • Finance, tax collection and budgeting$35 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
  • Government buildings$4 thousand
  • Other government-run businesses$4 thousand
Roads, transit and parking
12%$134 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$134 thousand
Police, fire, courts and jails
9.7%$108 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$74 thousand
  • Fire protection$18 thousand
  • Courts and legal services$16 thousand
Interest on debt
7.7%$85 thousand
What's in interest on debtInterest on general debt and interest on electric power debt
  • Interest on general debt$69 thousand
  • Interest on electric power debt$16 thousand
Sent to other local governments
7.7%$85 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$85 thousand
Health and hospitals
6.7%$74 thousand
What's in health and hospitalsPublic health
  • Public health$74 thousand
Housing and community development
1.8%$20 thousand
Sources and moreWhere these numbers come from and what they cover

City of Bancroft. 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 Bancroft 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.