City government · Story County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Gilbert took in $2.9 million and spent $2.6 million.

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

See every government that serves your ZIP

Where it comes from

City taxes42%Fees for services (water, sewer)36%Fines and other15%State tax money5.9%County and local tax money0.4%

What stands out

15%

of Gilbert's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

City taxes42%

Property tax
25%$728 thousand
Other taxes
11%$318 thousand
What's in other taxesOther taxes not classified elsewhere; other licenses and 1 more
  • Other taxes not classified elsewhere$232 thousand
  • Other licenses$85 thousand
  • Public utility taxes$1 thousand

Amounts are by Census tax category.

Sales tax
7.0%$207 thousand

Fees for services36%

Fees for services
36%$1.1 million
What's in fees for servicesWater; sewer and 2 more
  • Water$596 thousand
  • Sewer$444 thousand
  • Garbage collection$17 thousand
  • Other service charges$6 thousand

Amounts are by Census type of charge.

State tax money5.9%

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

From the state
5.9%$174 thousand

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$11 thousand

Fines and other15%

Interest, rents and other
15%$448 thousand

Where it goes

Water, sewer, trash and utilities21%Running the government and other costs18%Housing and community development15%Parks, recreation and libraries14%Roads, transit and parking10%All other spending22%

What stands out

15%

of Gilbert's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
21%$559 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$353 thousand
  • Sewer systems$186 thousand
  • Garbage and solid waste$20 thousand
Running the government and other costs
18%$461 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 3 more
  • Finance, tax collection and budgeting$255 thousand
  • Other and not broken out$192 thousand
  • Central staff services (personnel, purchasing, technology)$9 thousand
  • Government buildings$3 thousand
  • Other government-run businesses$2 thousand
Housing and community development
15%$391 thousand
Parks, recreation and libraries
14%$363 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$293 thousand
  • Libraries$70 thousand
Roads, transit and parking
10%$267 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$267 thousand
Sent to other local governments
8.4%$220 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$220 thousand
Police, fire, courts and jails
7.5%$196 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$81 thousand
  • Fire protection$61 thousand
  • Courts and legal services$33 thousand
  • Inspections and regulation$21 thousand
Interest on debt
6.3%$164 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$93 thousand
  • Interest on water supply debt$71 thousand
Social services
<0.1%$2 thousand
What's in social servicesOther public welfare
  • Other public welfare$2 thousand
Health and hospitals
<0.1%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Gilbert. 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 Gilbert 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.