City government · Taylor County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Bedford took in $3.8 million and spent $8.4 million.

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

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Where it comes from

Fees for services (gas, water)51%Federal tax money18%City taxes17%State tax money8.5%Fines and other5.2%County and local tax money0.4%

What stands out

18%

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

City taxes17%

Property tax
12%$458 thousand
Sales tax
4.3%$163 thousand
Other taxes
0.7%$25 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$12 thousand
  • Public utility taxes$8 thousand
  • Other selective sales taxes$5 thousand

Amounts are by Census tax category.

Fees for services51%

Fees for services
51%$1.9 million
What's in fees for servicesGas; water and 4 more
  • Gas$752 thousand
  • Water$594 thousand
  • Sewer$455 thousand
  • Garbage collection$109 thousand
  • Other service charges$22 thousand
  • Parks and recreation$5 thousand

Amounts are by Census type of charge.

Federal tax money18%

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

From the federal government
18%$662 thousand

State tax money8.5%

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

From the state
8.5%$321 thousand

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$16 thousand

Fines and other5.2%

Interest, rents and other
5.1%$192 thousand
Fines
0.1%$4 thousand

Where it goes

Water, sewer, trash and utilities66%Roads, transit and parking16%Running the government and other costs11%Police, fire, courts and jails2.7%Sent to other local governments2.4%All other spending2.2%

What stands out

66%

of Bedford'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
66%$5.5 million
What's in water, sewer, trash and utilitiesWater supply; gas supply and 2 more
  • Water supply$4.4 million
  • Gas supply$664 thousand
  • Sewer systems$384 thousand
  • Garbage and solid waste$118 thousand
Roads, transit and parking
16%$1.3 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.3 million
  • Airports$8 thousand
Running the government and other costs
11%$923 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$884 thousand
  • Finance, tax collection and budgeting$14 thousand
  • Government buildings$11 thousand
  • Central staff services (personnel, purchasing, technology)$7 thousand
  • Other government-run businesses$7 thousand
Police, fire, courts and jails
2.7%$226 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$196 thousand
  • Fire protection$18 thousand
  • Courts and legal services$12 thousand
Sent to other local governments
2.4%$203 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$203 thousand
Parks, recreation and libraries
1.3%$108 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$67 thousand
  • Parks and recreation$41 thousand
Interest on debt
0.9%$73 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$39 thousand
  • Interest on general debt$34 thousand
Housing and community development
<0.1%$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Bedford. 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 Bedford 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.