City government · Lee County, IA

Fort Madison's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Fort Madison took in $20.2 million and spent $17.2 million.

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

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Where it comes from

Fees for services (sewer, water)43%City taxes38%State tax money12%Fines and other5.0%Federal tax money2.1%County and local tax money0.1%

What stands out

10%

of Fort Madison's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes38%

Property tax
26%$5.2 million
Sales tax
9.6%$1.9 million
Other taxes
2.6%$523 thousand
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$225 thousand
  • Other licenses$160 thousand
  • Public utility taxes$138 thousand

Amounts are by Census tax category.

Fees for services43%

Fees for services
43%$8.7 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$4.0 million
  • Water$3.5 million
  • Garbage collection$1.0 million
  • Other government-run businesses$54 thousand
  • Airport$22 thousand
  • Other service charges$6 thousand

Amounts are by Census type of charge.

Federal tax money2.1%

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

From the federal government
2.1%$430 thousand

State tax money12%

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

From the state
12%$2.4 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$26 thousand

Fines and other5.0%

Interest, rents and other
4.8%$966 thousand
Fines
0.2%$39 thousand

Where it goes

Water, sewer, trash and utilities30%Police, fire, courts and jails28%Running the government and other costs20%Roads, transit and parking8.6%Parks, recreation and libraries7.3%Interest on debt7.0%

What stands out

7%

of Fort Madison's spending goes to interest on debt.A typical U.S. city of 10,000 to 50,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
30%$5.1 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$2.4 million
  • Sewer systems$1.8 million
  • Garbage and solid waste$936 thousand
Police, fire, courts and jails
28%$4.7 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.7 million
  • Fire protection$2.0 million
  • Courts and legal services$48 thousand
Running the government and other costs
20%$3.4 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$2.2 million
  • Finance, tax collection and budgeting$794 thousand
  • Central staff services (personnel, purchasing, technology)$267 thousand
  • Other government-run businesses$141 thousand
Roads, transit and parking
8.6%$1.5 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.1 million
  • Airports$403 thousand
Parks, recreation and libraries
7.3%$1.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$821 thousand
  • Libraries$441 thousand
Interest on debt
7.0%$1.2 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$971 thousand
  • Interest on water supply debt$242 thousand
Sources and moreWhere these numbers come from and what they cover

City of Fort Madison. 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 Fort Madison 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.