City government · Clay County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Fostoria took in $296 thousand and spent $302 thousand.

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

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Where it comes from

City taxes50%Fees for services (water, garbage collection)27%State tax money8.8%Fines and other7.8%Federal tax money5.7%

What stands out

15%

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

City taxes50%

Property tax
35%$105 thousand
Sales tax
15%$43 thousand
Other taxes
0.3%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services27%

Fees for services
27%$81 thousand
What's in fees for servicesWater; garbage collection and 1 more
  • Water$44 thousand
  • Garbage collection$22 thousand
  • Sewer$15 thousand

Amounts are by Census type of charge.

Federal tax money5.7%

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

From the federal government
5.7%$17 thousand

State tax money8.8%

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

From the state
8.8%$26 thousand

Fines and other7.8%

Interest, rents and other
7.4%$22 thousand
Fines
0.3%$1 thousand

Where it goes

Running the government and other costs55%Water, sewer, trash and utilities25%Sent to other local governments11%Roads, transit and parking4.6%Police, fire, courts and jails2.3%All other spending1.7%

What stands out

11%

of Fostoria's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
55%$165 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$108 thousand
  • Government buildings$31 thousand
  • Finance, tax collection and budgeting$22 thousand
  • Central staff services (personnel, purchasing, technology)$4 thousand
Water, sewer, trash and utilities
25%$77 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$46 thousand
  • Garbage and solid waste$23 thousand
  • Sewer systems$8 thousand
Sent to other local governments
11%$34 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$34 thousand
Roads, transit and parking
4.6%$14 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$14 thousand
Police, fire, courts and jails
2.3%$7 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$4 thousand
  • Police$3 thousand
Parks, recreation and libraries
1.0%$3 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3 thousand
Interest on debt
0.7%$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Fostoria. 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 Fostoria 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.