City government · Grundy County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Dike took in $3.5 million and spent $2.5 million.

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

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Where it comes from

Fees for services (electric power, sewer)49%City taxes32%Fines and other9.2%State tax money5.2%Federal tax money3.1%County and local tax money0.8%

What stands out

4.5%

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

City taxes32%

Property tax
28%$956 thousand
Sales tax
4.5%$156 thousand
Other taxes
0.3%$9 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$6 thousand
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services49%

Fees for services
49%$1.7 million
What's in fees for servicesElectric power; sewer and 4 more
  • Electric power$816 thousand
  • Sewer$441 thousand
  • Water$252 thousand
  • Other service charges$113 thousand
  • Garbage collection$59 thousand
  • Parks and recreation$33 thousand

Amounts are by Census type of charge.

Federal tax money3.1%

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

From the federal government
3.1%$106 thousand

State tax money5.2%

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

From the state
5.2%$180 thousand

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$27 thousand

Fines and other9.2%

Interest, rents and other
9.2%$319 thousand

Where it goes

Water, sewer, trash and utilities56%Parks, recreation and libraries18%Roads, transit and parking10%Police, fire, courts and jails9.5%Running the government and other costs4.3%All other spending2.7%

What stands out

18%

of Dike'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
56%$1.4 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$752 thousand
  • Water supply$382 thousand
  • Sewer systems$181 thousand
  • Garbage and solid waste$82 thousand
Parks, recreation and libraries
18%$441 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$306 thousand
  • Libraries$135 thousand
Roads, transit and parking
10%$263 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$263 thousand
Police, fire, courts and jails
9.5%$238 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$153 thousand
  • Police$84 thousand
  • Inspections and regulation$1 thousand
Running the government and other costs
4.3%$108 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 3 more
  • Finance, tax collection and budgeting$41 thousand
  • Government buildings$39 thousand
  • Other government-run businesses$16 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
  • Other and not broken out$6 thousand
Interest on debt
1.5%$37 thousand
What's in interest on debtInterest on general debt and interest on electric power debt
  • Interest on general debt$35 thousand
  • Interest on electric power debt$2 thousand
Health and hospitals
1.2%$31 thousand
What's in health and hospitalsPublic health
  • Public health$31 thousand
Sources and moreWhere these numbers come from and what they cover

City of Dike. 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 Dike 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.