City government · Winnebago County, IA

Forest City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Forest City took in $15.2 million and spent $13.9 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, sewer)58%City taxes26%Fines and other7.1%State tax money4.6%County and local tax money4.3%

What stands out

58%

of Forest City'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 taxes26%

Property tax
21%$3.3 million
Sales tax
4.0%$609 thousand
Other taxes
0.8%$127 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$106 thousand
  • Other licenses$21 thousand

Amounts are by Census tax category.

Fees for services58%

Fees for services
58%$8.8 million
What's in fees for servicesElectric power; sewer and 5 more
  • Electric power$6.1 million
  • Sewer$1.4 million
  • Water$802 thousand
  • Garbage collection$460 thousand
  • Parks and recreation$41 thousand
  • Transit fares$11 thousand
  • Other government-run businesses$2 thousand

Amounts are by Census type of charge.

State tax money4.6%

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

From the state
4.6%$706 thousand

County and local tax money4.3%

Money passed on by the county or other local governments.

From the county and other local governments
4.3%$658 thousand

Fines and other7.1%

Interest, rents and other
7.0%$1.1 million
Fines
<0.1%$12 thousand

Where it goes

Water, sewer, trash and utilities60%Police, fire, courts and jails9.7%Parks, recreation and libraries9.2%Roads, transit and parking8.5%Running the government and other costs7.0%All other spending5.6%

What stands out

60%

of Forest City'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
60%$8.3 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$5.8 million
  • Sewer systems$1.4 million
  • Water supply$569 thousand
  • Garbage and solid waste$551 thousand
Police, fire, courts and jails
9.7%$1.4 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 2 more
  • Police$1.1 million
  • Inspections and regulation$160 thousand
  • Fire protection$103 thousand
  • Courts and legal services$19 thousand
Parks, recreation and libraries
9.2%$1.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$907 thousand
  • Libraries$367 thousand
Roads, transit and parking
8.5%$1.2 million
What's in roads, transit and parkingRoads and highways; airports and 1 more
  • Roads and highways$1.0 million
  • Airports$79 thousand
  • Public transit$73 thousand
Running the government and other costs
7.0%$968 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$674 thousand
  • Finance, tax collection and budgeting$141 thousand
  • Government buildings$75 thousand
  • Other government-run businesses$57 thousand
  • Central staff services (personnel, purchasing, technology)$21 thousand
Health and hospitals
3.2%$443 thousand
What's in health and hospitalsPublic health
  • Public health$443 thousand
Interest on debt
1.3%$177 thousand
What's in interest on debtInterest on electric power debt and interest on general debt
  • Interest on electric power debt$95 thousand
  • Interest on general debt$82 thousand
Sent to other local governments
1.2%$160 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$160 thousand
Sources and moreWhere these numbers come from and what they cover

City of Forest City. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Forest City 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.