City government · Davis County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Bloomfield took in $11.9 million and spent $9.4 million.

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

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Where it comes from

Fees for services (electric power, gas)61%City taxes24%Federal tax money7.4%Fines and other3.6%State tax money3.2%County and local tax money0.6%

What stands out

7.4%

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

City taxes24%

Property tax
19%$2.2 million
Sales tax
4.3%$515 thousand
Other taxes
0.9%$105 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$67 thousand
  • Other licenses$38 thousand

Amounts are by Census tax category.

Fees for services61%

Fees for services
61%$7.3 million
What's in fees for servicesElectric power; gas and 6 more
  • Electric power$3.4 million
  • Gas$1.3 million
  • Sewer$1.2 million
  • Water$1.1 million
  • Garbage collection$268 thousand
  • Parks and recreation$48 thousand
  • Other service charges$31 thousand
  • Other government-run businesses$19 thousand

Amounts are by Census type of charge.

Federal tax money7.4%

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

From the federal government
7.4%$890 thousand

State tax money3.2%

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

From the state
3.2%$381 thousand

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$77 thousand

Fines and other3.6%

Interest, rents and other
3.5%$418 thousand
Fines
<0.1%$8 thousand

Where it goes

Water, sewer, trash and utilities54%Roads, transit and parking16%Police, fire, courts and jails9.6%Running the government and other costs8.7%Parks, recreation and libraries7.5%All other spending4.3%

What stands out

54%

of Bloomfield'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
54%$5.1 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 3 more
  • Electric power$2.5 million
  • Gas supply$972 thousand
  • Water supply$777 thousand
  • Sewer systems$574 thousand
  • Garbage and solid waste$243 thousand
Roads, transit and parking
16%$1.5 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.5 million
  • Airports$54 thousand
Police, fire, courts and jails
9.6%$904 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$695 thousand
  • Fire protection$121 thousand
  • Prisons and jails$77 thousand
  • Inspections and regulation$11 thousand
Running the government and other costs
8.7%$823 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$522 thousand
  • Finance, tax collection and budgeting$175 thousand
  • Other government-run businesses$92 thousand
  • Central staff services (personnel, purchasing, technology)$17 thousand
  • Government buildings$17 thousand
Parks, recreation and libraries
7.5%$709 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$509 thousand
  • Libraries$200 thousand
Interest on debt
3.0%$284 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$212 thousand
  • Interest on water supply debt$72 thousand
Sent to other local governments
1.2%$117 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$117 thousand
Sources and moreWhere these numbers come from and what they cover

City of Bloomfield. 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 Bloomfield 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.