City government · Howard County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Cresco took in $7.3 million and spent $6.3 million.

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

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Where it comes from

City taxes40%Fees for services (sewer, garbage collection)36%Fines and other8.6%State tax money8.3%Federal tax money6.2%County and local tax money0.9%

What stands out

9.4%

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

City taxes40%

Property tax
29%$2.1 million
Sales tax
9.4%$686 thousand
Other taxes
1.8%$128 thousand
What's in other taxesOther licenses; other selective sales taxes and 1 more
  • Other licenses$54 thousand
  • Other selective sales taxes$46 thousand
  • Public utility taxes$28 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services
36%$2.6 million
What's in fees for servicesSewer; garbage collection and 3 more
  • Sewer$839 thousand
  • Garbage collection$685 thousand
  • Water$599 thousand
  • Parks and recreation$460 thousand
  • Other service charges$39 thousand

Amounts are by Census type of charge.

Federal tax money6.2%

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

From the federal government
6.2%$449 thousand

State tax money8.3%

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

From the state
8.3%$600 thousand

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$65 thousand

Fines and other8.6%

Interest, rents and other
8.5%$620 thousand
Fines
<0.1%$4 thousand

Where it goes

Water, sewer, trash and utilities41%Parks, recreation and libraries21%Police, fire, courts and jails14%Roads, transit and parking13%Running the government and other costs8.0%All other spending3.2%

What stands out

21%

of Cresco'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%

Water, sewer, trash and utilities
41%$2.6 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$987 thousand
  • Garbage and solid waste$875 thousand
  • Water supply$735 thousand
Parks, recreation and libraries
21%$1.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.1 million
  • Libraries$250 thousand
Police, fire, courts and jails
14%$911 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$632 thousand
  • Fire protection$181 thousand
  • Prisons and jails$91 thousand
  • Courts and legal services$7 thousand
Roads, transit and parking
13%$819 thousand
What's in roads, transit and parkingRoads and highways; airports and 1 more
  • Roads and highways$787 thousand
  • Airports$30 thousand
  • Parking$2 thousand
Running the government and other costs
8.0%$505 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$254 thousand
  • Other and not broken out$184 thousand
  • Government buildings$48 thousand
  • Central staff services (personnel, purchasing, technology)$19 thousand
Sent to other local governments
1.8%$114 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$114 thousand
Interest on debt
1.1%$68 thousand
Housing and community development
0.2%$10 thousand
Social services
<0.1%$5 thousand
What's in social servicesOther public welfare
  • Other public welfare$5 thousand
Health and hospitals
<0.1%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cresco. 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 Cresco 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.