City government · Boone County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Boone took in $21.6 million and spent $16.5 million.

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

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Where it comes from

City taxes46%Fees for services (sewer, water)32%State tax money8.9%Federal tax money8.1%Fines and other4.0%County and local tax money1.4%

What stands out

8.3%

of Boone's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes46%

Property tax
35%$7.5 million
Sales tax
8.3%$1.8 million
Other taxes
2.9%$635 thousand
What's in other taxesOther licenses; other selective sales taxes and 1 more
  • Other licenses$386 thousand
  • Other selective sales taxes$175 thousand
  • Public utility taxes$74 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$6.9 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$3.4 million
  • Water$3.1 million
  • Other service charges$210 thousand
  • Parks and recreation$97 thousand
  • Garbage collection$64 thousand
  • Other government-run businesses$38 thousand

Amounts are by Census type of charge.

Federal tax money8.1%

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

From the federal government
8.1%$1.8 million

State tax money8.9%

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

From the state
8.9%$1.9 million

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$307 thousand

Fines and other4.0%

Interest, rents and other
3.6%$771 thousand
Fines
0.5%$104 thousand

Where it goes

Water, sewer, trash and utilities32%Police, fire, courts and jails28%Running the government and other costs20%Roads, transit and parking10%Parks, recreation and libraries8.0%All other spending2.2%

What stands out

32%

of Boone's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
32%$5.2 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$3.1 million
  • Sewer systems$2.1 million
  • Garbage and solid waste$63 thousand
Police, fire, courts and jails
28%$4.6 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.8 million
  • Fire protection$1.5 million
  • Inspections and regulation$244 thousand
Running the government and other costs
20%$3.3 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$2.3 million
  • Finance, tax collection and budgeting$628 thousand
  • Government buildings$217 thousand
  • Other government-run businesses$169 thousand
  • Central staff services (personnel, purchasing, technology)$29 thousand
Roads, transit and parking
10%$1.7 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.5 million
  • Airports$184 thousand
Parks, recreation and libraries
8.0%$1.3 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$677 thousand
  • Parks and recreation$652 thousand
Interest on debt
1.3%$219 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$218 thousand
  • Interest on water supply debt$1 thousand
Health and hospitals
0.6%$93 thousand
What's in health and hospitalsPublic health
  • Public health$93 thousand
Social services
0.3%$51 thousand
What's in social servicesOther public welfare
  • Other public welfare$51 thousand
Sources and moreWhere these numbers come from and what they cover

City of Boone. 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 Boone 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.