City government · Hancock County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Corwith took in $1.1 million and spent $888 thousand.

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

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Where it comes from

Fees for services (electric power, water)50%City taxes21%Federal tax money16%Fines and other5.7%State tax money4.6%County and local tax money3.2%

What stands out

16%

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

City taxes21%

Property tax
16%$171 thousand
Sales tax
4.2%$45 thousand
Other taxes
0.3%$3 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$2 thousand
  • Public utility taxes$1 thousand

Amounts are by Census tax category.

Fees for services50%

Fees for services
50%$531 thousand
What's in fees for servicesElectric power; water and 2 more
  • Electric power$431 thousand
  • Water$58 thousand
  • Sewer$41 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

Federal tax money16%

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

From the federal government
16%$172 thousand

State tax money4.6%

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

From the state
4.6%$49 thousand

County and local tax money3.2%

Money passed on by the county or other local governments.

From the county and other local governments
3.2%$34 thousand

Fines and other5.7%

Interest, rents and other
5.7%$61 thousand

Where it goes

Water, sewer, trash and utilities54%Running the government and other costs31%Parks, recreation and libraries5.0%Police, fire, courts and jails4.1%Roads, transit and parking3.4%All other spending3.0%

What stands out

54%

of Corwith'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
54%$478 thousand
What's in water, sewer, trash and utilitiesElectric power; water supply and 1 more
  • Electric power$360 thousand
  • Water supply$71 thousand
  • Sewer systems$47 thousand
Running the government and other costs
31%$273 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$173 thousand
  • Finance, tax collection and budgeting$70 thousand
  • Other government-run businesses$14 thousand
  • Government buildings$9 thousand
  • Central staff services (personnel, purchasing, technology)$7 thousand
Parks, recreation and libraries
5.0%$44 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$37 thousand
  • Parks and recreation$7 thousand
Police, fire, courts and jails
4.1%$36 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$19 thousand
  • Police$15 thousand
  • Courts and legal services$2 thousand
Roads, transit and parking
3.4%$30 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$30 thousand
Sent to other local governments
2.5%$22 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$22 thousand
Interest on debt
0.3%$3 thousand
Health and hospitals
0.2%$2 thousand
What's in health and hospitalsPublic health
  • Public health$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Corwith. 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 Corwith 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.