City government · Keokuk County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Gibson took in $27 thousand and spent $16 thousand.

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

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Where it comes from

City taxes41%State tax money30%County and local tax money15%Fees for services (electric power, garbage collection)11%Fines and other3.7%

What stands out

26%

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

City taxes41%

Sales tax
26%$7 thousand
Property tax
15%$4 thousand

Fees for services11%

Fees for services
11%$3 thousand
What's in fees for servicesElectric power and garbage collection
  • Electric power$2 thousand
  • Garbage collection$1 thousand

Amounts are by Census type of charge.

State tax money30%

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

From the state
30%$8 thousand

County and local tax money15%

Money passed on by the county or other local governments.

From the county and other local governments
15%$4 thousand

Fines and other3.7%

Interest, rents and other
3.7%$1 thousand

Where it goes

Running the government and other costs38%Water, sewer, trash and utilities25%Roads, transit and parking19%Police, fire, courts and jails13%Parks, recreation and libraries6.3%

What stands out

38%

of Gibson'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
38%$6 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$3 thousand
  • Finance, tax collection and budgeting$2 thousand
  • Central staff services (personnel, purchasing, technology)$1 thousand
Water, sewer, trash and utilities
25%$4 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$4 thousand
Roads, transit and parking
19%$3 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3 thousand
Police, fire, courts and jails
13%$2 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$1 thousand
  • Courts and legal services$1 thousand
Parks, recreation and libraries
6.3%$1 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Gibson. 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 Gibson 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.