City government · Buchanan County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Fairbank took in $3.3 million and spent $2.9 million.

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

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Where it comes from

Fees for services (electric power, gas)70%City taxes17%State tax money5.0%Fines and other3.3%Federal tax money2.6%County and local tax money2.1%

What stands out

70%

of Fairbank's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes17%

Property tax
13%$414 thousand
Sales tax
4.2%$137 thousand
Other taxes
0.3%$10 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$5 thousand
  • Other licenses$4 thousand
  • Other selective sales taxes$1 thousand

Amounts are by Census tax category.

Fees for services70%

Fees for services
70%$2.3 million
What's in fees for servicesElectric power; gas and 6 more
  • Electric power$978 thousand
  • Gas$512 thousand
  • Sewer$392 thousand
  • Water$271 thousand
  • Garbage collection$83 thousand
  • Parks and recreation$41 thousand
  • Other service charges$32 thousand
  • Other government-run businesses$3 thousand

Amounts are by Census type of charge.

Federal tax money2.6%

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

From the federal government
2.6%$85 thousand

State tax money5.0%

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

From the state
5.0%$164 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%$68 thousand

Fines and other3.3%

Interest, rents and other
3.3%$108 thousand
Fines
<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities67%Parks, recreation and libraries12%Police, fire, courts and jails6.6%Running the government and other costs6.5%Interest on debt4.7%All other spending3.8%

What stands out

67%

of Fairbank'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
67%$2.0 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 3 more
  • Electric power$918 thousand
  • Gas supply$440 thousand
  • Water supply$347 thousand
  • Sewer systems$186 thousand
  • Garbage and solid waste$74 thousand
Parks, recreation and libraries
12%$339 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$279 thousand
  • Libraries$60 thousand
Police, fire, courts and jails
6.6%$194 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$106 thousand
  • Fire protection$75 thousand
  • Courts and legal services$13 thousand
Running the government and other costs
6.5%$190 thousand
What's in running the government and other costsOther and not broken out; other government-run businesses and 3 more
  • Other and not broken out$159 thousand
  • Other government-run businesses$10 thousand
  • Finance, tax collection and budgeting$9 thousand
  • Central staff services (personnel, purchasing, technology)$8 thousand
  • Government buildings$4 thousand
Interest on debt
4.7%$137 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$131 thousand
  • Interest on water supply debt$6 thousand
Roads, transit and parking
3.8%$111 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$111 thousand
Environment and natural resources
<0.1%$1 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1 thousand
Social services
<0.1%$1 thousand
What's in social servicesOther public welfare
  • Other public welfare$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Fairbank. 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 Fairbank 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.