City government · Story County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Collins took in $1.1 million and spent $716 thousand.

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

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Where it comes from

Fees for services (sewer, water)41%City taxes39%State tax money8.1%Fines and other4.7%Federal tax money4.3%County and local tax money3.6%

What stands out

7.5%

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

City taxes39%

Property tax
31%$349 thousand
Sales tax
7.5%$85 thousand

Fees for services41%

Fees for services
41%$459 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$196 thousand
  • Water$156 thousand
  • Garbage collection$58 thousand
  • Other service charges$49 thousand

Amounts are by Census type of charge.

Federal tax money4.3%

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

From the federal government
4.3%$48 thousand

State tax money8.1%

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

From the state
8.1%$91 thousand

County and local tax money3.6%

Money passed on by the county or other local governments.

From the county and other local governments
3.6%$41 thousand

Fines and other4.7%

Interest, rents and other
4.6%$52 thousand
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities37%Sent to other local governments14%Running the government and other costs11%Police, fire, courts and jails11%Roads, transit and parking7.1%All other spending19%

What stands out

14%

of Collins' spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
37%$268 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$118 thousand
  • Water supply$92 thousand
  • Garbage and solid waste$58 thousand
Sent to other local governments
14%$101 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$101 thousand
Running the government and other costs
11%$82 thousand
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$31 thousand
  • Finance, tax collection and budgeting$29 thousand
  • Government buildings$18 thousand
  • Central staff services (personnel, purchasing, technology)$4 thousand
Police, fire, courts and jails
11%$77 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$46 thousand
  • Police$31 thousand
Roads, transit and parking
7.1%$51 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$51 thousand
Parks, recreation and libraries
7.0%$50 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$35 thousand
  • Parks and recreation$15 thousand
Interest on debt
6.7%$48 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$45 thousand
  • Interest on water supply debt$3 thousand
Social services
5.4%$39 thousand
What's in social servicesOther public welfare
  • Other public welfare$39 thousand
Sources and moreWhere these numbers come from and what they cover

City of Collins. 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 Collins 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.