City government · Story County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Cambridge took in $2.1 million and spent $2.7 million.

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

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Where it comes from

Fees for services (sewer, water)55%City taxes35%State tax money8.4%Fines and other1.2%County and local tax money0.9%

What stands out

6.3%

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

City taxes35%

Property tax
28%$608 thousand
Sales tax
6.3%$134 thousand
Other taxes
0.2%$4 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$3 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services55%

Fees for services
55%$1.2 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$903 thousand
  • Water$131 thousand
  • Garbage collection$81 thousand
  • Other service charges$59 thousand

Amounts are by Census type of charge.

State tax money8.4%

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

From the state
8.4%$179 thousand

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$19 thousand

Fines and other1.2%

Interest, rents and other
1.2%$25 thousand

Where it goes

Running the government and other costs46%Water, sewer, trash and utilities34%Police, fire, courts and jails7.1%Roads, transit and parking5.0%Interest on debt2.9%All other spending5.1%

What stands out

46%

of Cambridge's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
46%$1.2 million
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$1.1 million
  • Government buildings$40 thousand
  • Finance, tax collection and budgeting$33 thousand
  • Central staff services (personnel, purchasing, technology)$16 thousand
  • Other government-run businesses$6 thousand
Water, sewer, trash and utilities
34%$916 thousand
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$646 thousand
  • Garbage and solid waste$156 thousand
  • Water supply$114 thousand
Police, fire, courts and jails
7.1%$192 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$135 thousand
  • Police$56 thousand
  • Courts and legal services$1 thousand
Roads, transit and parking
5.0%$135 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$135 thousand
Interest on debt
2.9%$78 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$68 thousand
  • Interest on water supply debt$10 thousand
Parks, recreation and libraries
2.5%$68 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$51 thousand
  • Parks and recreation$17 thousand
Sent to other local governments
2.4%$65 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$65 thousand
Health and hospitals
0.2%$5 thousand
What's in health and hospitalsPublic health
  • Public health$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cambridge. 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 Cambridge 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.