City government · Floyd County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Colwell took in $53 thousand and spent $41 thousand.

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

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Where it comes from

City taxes53%Fees for services (water, garbage collection)19%Federal tax money9.4%State tax money7.5%County and local tax money7.5%Fines and other3.8%

What stands out

15%

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

City taxes53%

Property tax
36%$19 thousand
Sales tax
15%$8 thousand
Other taxes
1.9%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services19%

Fees for services
19%$10 thousand
What's in fees for servicesWater and garbage collection
  • Water$8 thousand
  • Garbage collection$2 thousand

Amounts are by Census type of charge.

Federal tax money9.4%

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

From the federal government
9.4%$5 thousand

State tax money7.5%

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

From the state
7.5%$4 thousand

County and local tax money7.5%

Money passed on by the county or other local governments.

From the county and other local governments
7.5%$4 thousand

Fines and other3.8%

Interest, rents and other
3.8%$2 thousand

Where it goes

Running the government and other costs44%Water, sewer, trash and utilities24%Parks, recreation and libraries17%Police, fire, courts and jails7.3%Roads, transit and parking7.3%

What stands out

17%

of Colwell'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%

Running the government and other costs
44%$18 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$11 thousand
  • Finance, tax collection and budgeting$5 thousand
  • Central staff services (personnel, purchasing, technology)$2 thousand
Water, sewer, trash and utilities
24%$10 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$8 thousand
  • Garbage and solid waste$2 thousand
Parks, recreation and libraries
17%$7 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$6 thousand
  • Libraries$1 thousand
Police, fire, courts and jails
7.3%$3 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$3 thousand
Roads, transit and parking
7.3%$3 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Colwell. 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 Colwell 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.