City government · Jasper County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Colfax took in $3.6 million and spent $4.5 million.

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

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Where it comes from

Fees for services (water, sewer)41%City taxes38%State tax money9.5%Federal tax money4.9%Fines and other3.8%County and local tax money2.7%

What stands out

7.3%

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

City taxes38%

Property tax
26%$917 thousand
Sales tax
7.3%$262 thousand
Other taxes
5.1%$184 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$130 thousand
  • Other selective sales taxes$37 thousand
  • Other licenses$17 thousand

Amounts are by Census tax category.

Fees for services41%

Fees for services
41%$1.5 million
What's in fees for servicesWater; sewer and 4 more
  • Water$588 thousand
  • Sewer$530 thousand
  • Garbage collection$194 thousand
  • Other service charges$137 thousand
  • Parks and recreation$21 thousand
  • Other government-run businesses$12 thousand

Amounts are by Census type of charge.

Federal tax money4.9%

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

From the federal government
4.9%$175 thousand

State tax money9.5%

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

From the state
9.5%$341 thousand

County and local tax money2.7%

Money passed on by the county or other local governments.

From the county and other local governments
2.7%$96 thousand

Fines and other3.8%

Interest, rents and other
3.7%$134 thousand
Fines
<0.1%$3 thousand

Where it goes

Running the government and other costs43%Water, sewer, trash and utilities21%Police, fire, courts and jails18%Parks, recreation and libraries6.7%Roads, transit and parking6.0%All other spending5.1%

What stands out

43%

of Colfax'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
43%$1.9 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 3 more
  • Central staff services (personnel, purchasing, technology)$820 thousand
  • Other and not broken out$785 thousand
  • Finance, tax collection and budgeting$164 thousand
  • Government buildings$112 thousand
  • Other government-run businesses$40 thousand
Water, sewer, trash and utilities
21%$968 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$401 thousand
  • Sewer systems$390 thousand
  • Garbage and solid waste$177 thousand
Police, fire, courts and jails
18%$823 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$577 thousand
  • Fire protection$164 thousand
  • Courts and legal services$59 thousand
  • Inspections and regulation$23 thousand
Parks, recreation and libraries
6.7%$305 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$206 thousand
  • Libraries$99 thousand
Roads, transit and parking
6.0%$271 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$271 thousand
Health and hospitals
2.7%$124 thousand
What's in health and hospitalsPublic health
  • Public health$124 thousand
Interest on debt
2.3%$103 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$62 thousand
  • Interest on water supply debt$41 thousand
Sent to other local governments
<0.1%$4 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$4 thousand
Sources and moreWhere these numbers come from and what they cover

City of Colfax. 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 Colfax 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.