City government · Floyd County, IA

Charles City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Charles City took in $19.8 million and spent $19.9 million.

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

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Where it comes from

Fees for services (water, sewer)39%City taxes33%Federal tax money13%Fines and other8.0%State tax money5.6%County and local tax money0.7%

What stands out

13%

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

City taxes33%

Property tax
26%$5.1 million
Sales tax
5.5%$1.1 million
Other taxes
2.1%$425 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$180 thousand
  • Other selective sales taxes$157 thousand
  • Other licenses$88 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$7.7 million
What's in fees for servicesWater; sewer and 4 more
  • Water$3.5 million
  • Sewer$3.0 million
  • Garbage collection$802 thousand
  • Parks and recreation$363 thousand
  • Transit fares$35 thousand
  • Other service charges$6 thousand

Amounts are by Census type of charge.

Federal tax money13%

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

From the federal government
13%$2.6 million

State tax money5.6%

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

From the state
5.6%$1.1 million

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$141 thousand

Fines and other8.0%

Interest, rents and other
7.1%$1.4 million
Fines
0.9%$182 thousand

Where it goes

Water, sewer, trash and utilities44%Police, fire, courts and jails13%Housing and community development13%Running the government and other costs9.6%Roads, transit and parking9.6%All other spending11%

What stands out

13%

of Charles City's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
44%$8.8 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$6.1 million
  • Sewer systems$1.8 million
  • Garbage and solid waste$791 thousand
Police, fire, courts and jails
13%$2.7 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$2.2 million
  • Fire protection$241 thousand
  • Inspections and regulation$160 thousand
  • Courts and legal services$66 thousand
Housing and community development
13%$2.6 million
Running the government and other costs
9.6%$1.9 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$1.6 million
  • Finance, tax collection and budgeting$126 thousand
  • Central staff services (personnel, purchasing, technology)$111 thousand
  • Government buildings$62 thousand
Roads, transit and parking
9.6%$1.9 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$1.5 million
  • Public transit$386 thousand
  • Airports$71 thousand
Parks, recreation and libraries
6.6%$1.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$779 thousand
  • Libraries$535 thousand
Interest on debt
2.9%$577 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$452 thousand
  • Interest on water supply debt$125 thousand
Health and hospitals
1.1%$222 thousand
What's in health and hospitalsPublic health
  • Public health$222 thousand
Social services
<0.1%$2 thousand
What's in social servicesOther public welfare
  • Other public welfare$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Charles City. 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 Charles City 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.