City government · Adams County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Corning took in $7.2 million and spent $6.6 million.

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

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Where it comes from

Fees for services (electric power, water)68%City taxes13%Federal tax money9.8%Fines and other3.8%State tax money2.9%County and local tax money2.1%

What stands out

10%

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

City taxes13%

Property tax
10%$725 thousand
Sales tax
3.1%$222 thousand
Other taxes
0.3%$19 thousand
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$13 thousand
  • Other selective sales taxes$6 thousand

Amounts are by Census tax category.

Fees for services68%

Fees for services
68%$4.9 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$1.9 million
  • Water$1.0 million
  • Gas$860 thousand
  • Sewer$828 thousand
  • Garbage collection$216 thousand
  • Parks and recreation$51 thousand

Amounts are by Census type of charge.

Federal tax money9.8%

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

From the federal government
9.8%$706 thousand

State tax money2.9%

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

From the state
2.9%$207 thousand

County and local tax money2.1%

Money passed on by the county or other local governments.

From the county and other local governments
2.1%$154 thousand

Fines and other3.8%

Interest, rents and other
3.8%$275 thousand

Where it goes

Water, sewer, trash and utilities69%Roads, transit and parking14%Parks, recreation and libraries4.9%Police, fire, courts and jails4.9%Running the government and other costs3.2%All other spending3.5%

What stands out

69%

of Corning's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
69%$4.6 million
What's in water, sewer, trash and utilitiesWater supply; electric power and 3 more
  • Water supply$1.6 million
  • Electric power$1.4 million
  • Gas supply$777 thousand
  • Sewer systems$622 thousand
  • Garbage and solid waste$186 thousand
Roads, transit and parking
14%$947 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$916 thousand
  • Airports$31 thousand
Parks, recreation and libraries
4.9%$327 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$164 thousand
  • Libraries$163 thousand
Police, fire, courts and jails
4.9%$324 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$285 thousand
  • Fire protection$39 thousand
Running the government and other costs
3.2%$214 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 3 more
  • Finance, tax collection and budgeting$97 thousand
  • Government buildings$81 thousand
  • Other and not broken out$23 thousand
  • Central staff services (personnel, purchasing, technology)$9 thousand
  • Other government-run businesses$4 thousand
Sent to other local governments
2.6%$169 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$169 thousand
Interest on debt
1.0%$63 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$44 thousand
  • Interest on general debt$19 thousand
Health and hospitals
<0.1%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Corning. 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 Corning 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.