City government · Hancock County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Britt took in $3.3 million and spent $3.0 million.

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

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Where it comes from

City taxes45%Fees for services (water, sewer)42%State tax money9.5%Fines and other2.8%County and local tax money1.2%Federal tax money0.2%

What stands out

10%

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

City taxes45%

Property tax
35%$1.1 million
Sales tax
9.5%$310 thousand
Other taxes
0.4%$13 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$8 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$1.4 million
What's in fees for servicesWater; sewer and 2 more
  • Water$777 thousand
  • Sewer$393 thousand
  • Garbage collection$157 thousand
  • Parks and recreation$29 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$5 thousand

State tax money9.5%

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

From the state
9.5%$308 thousand

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments
1.2%$40 thousand

Fines and other2.8%

Interest, rents and other
2.7%$88 thousand
Fines
<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities31%Police, fire, courts and jails20%Roads, transit and parking20%Parks, recreation and libraries13%Running the government and other costs9.2%All other spending5.9%

What stands out

13%

of Britt'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
31%$928 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$375 thousand
  • Water supply$342 thousand
  • Garbage and solid waste$211 thousand
Police, fire, courts and jails
20%$605 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$507 thousand
  • Fire protection$56 thousand
  • Courts and legal services$42 thousand
Roads, transit and parking
20%$600 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$600 thousand
Parks, recreation and libraries
13%$385 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$248 thousand
  • Libraries$137 thousand
Running the government and other costs
9.2%$274 thousand
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$173 thousand
  • Government buildings$49 thousand
  • Finance, tax collection and budgeting$26 thousand
  • Central staff services (personnel, purchasing, technology)$18 thousand
  • Other government-run businesses$8 thousand
Interest on debt
5.7%$170 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$138 thousand
  • Interest on general debt$32 thousand
Health and hospitals
0.2%$6 thousand
What's in health and hospitalsPublic health
  • Public health$6 thousand
Sources and moreWhere these numbers come from and what they cover

City of Britt. 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 Britt 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.