City government · Floyd County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Floyd took in $516 thousand and spent $293 thousand.

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

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Where it comes from

City taxes53%Fees for services (water, sewer)27%State tax money7.4%Fines and other6.8%Federal tax money4.7%County and local tax money1.2%

What stands out

45%

of Floyd's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

City taxes53%

Property tax
45%$230 thousand
Sales tax
7.9%$41 thousand
Other taxes
0.6%$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 services27%

Fees for services
27%$139 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$87 thousand
  • Sewer$38 thousand
  • Garbage collection$12 thousand
  • Parks and recreation$2 thousand

Amounts are by Census type of charge.

Federal tax money4.7%

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

From the federal government
4.7%$24 thousand

State tax money7.4%

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

From the state
7.4%$38 thousand

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments
1.2%$6 thousand

Fines and other6.8%

Interest, rents and other
6.8%$35 thousand

Where it goes

Water, sewer, trash and utilities39%Roads, transit and parking23%Running the government and other costs18%Parks, recreation and libraries7.8%Police, fire, courts and jails6.1%All other spending5.8%

What stands out

23%

of Floyd's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
39%$114 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$54 thousand
  • Sewer systems$49 thousand
  • Garbage and solid waste$11 thousand
Roads, transit and parking
23%$67 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$67 thousand
Running the government and other costs
18%$54 thousand
What's in running the government and other costsFinance, tax collection and budgeting; government buildings and 2 more
  • Finance, tax collection and budgeting$30 thousand
  • Government buildings$17 thousand
  • Other and not broken out$4 thousand
  • Central staff services (personnel, purchasing, technology)$3 thousand
Parks, recreation and libraries
7.8%$23 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$21 thousand
  • Libraries$2 thousand
Police, fire, courts and jails
6.1%$18 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$16 thousand
  • Courts and legal services$1 thousand
  • Police$1 thousand
Interest on debt
5.1%$15 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$11 thousand
  • Interest on water supply debt$4 thousand
Health and hospitals
0.7%$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 Floyd. 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 Floyd 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.