City government · Fremont County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Farragut took in $1.1 million and spent $809 thousand.

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

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Where it comes from

Federal tax money36%City taxes22%State tax money20%Fees for services (water, sewer)16%County and local tax money5.0%Fines and other1.3%

What stands out

36%

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

City taxes22%

Property tax
16%$171 thousand
Sales tax
6.1%$66 thousand
Other taxes
0.2%$2 thousand
What's in other taxesOther licenses
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services16%

Fees for services
16%$170 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$105 thousand
  • Sewer$46 thousand
  • Garbage collection$11 thousand
  • Other government-run businesses$8 thousand

Amounts are by Census type of charge.

Federal tax money36%

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

From the federal government
36%$384 thousand

State tax money20%

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

From the state
20%$216 thousand

County and local tax money5.0%

Money passed on by the county or other local governments.

From the county and other local governments
5.0%$54 thousand

Fines and other1.3%

Interest, rents and other
1.3%$14 thousand

Where it goes

Running the government and other costs49%Water, sewer, trash and utilities35%Roads, transit and parking8.0%Police, fire, courts and jails5.7%Sent to other local governments1.4%All other spending1.0%

What stands out

49%

of Farragut's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
49%$397 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$337 thousand
  • Finance, tax collection and budgeting$31 thousand
  • Other government-run businesses$18 thousand
  • Government buildings$10 thousand
  • Central staff services (personnel, purchasing, technology)$1 thousand
Water, sewer, trash and utilities
35%$282 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$218 thousand
  • Water supply$51 thousand
  • Garbage and solid waste$13 thousand
Roads, transit and parking
8.0%$65 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$65 thousand
Police, fire, courts and jails
5.7%$46 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$27 thousand
  • Police$11 thousand
  • Courts and legal services$8 thousand
Sent to other local governments
1.4%$11 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$11 thousand
Parks, recreation and libraries
0.5%$4 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4 thousand
Interest on debt
0.5%$4 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2 thousand
  • Interest on water supply debt$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Farragut. 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 Farragut 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.