City government · Pottawattamie County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Hancock took in $367 thousand and spent $237 thousand.

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

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Where it comes from

City taxes40%Fees for services (water, sewer)34%State tax money10%County and local tax money10%Fines and other5.4%

What stands out

10%

of Hancock's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes40%

Property tax
30%$110 thousand
Sales tax
9.5%$35 thousand
Other taxes
0.5%$2 thousand
What's in other taxesOther licenses
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services34%

Fees for services
34%$126 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$76 thousand
  • Sewer$30 thousand
  • Garbage collection$20 thousand

Amounts are by Census type of charge.

State tax money10%

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

From the state
10%$37 thousand

County and local tax money10%

Money passed on by the county or other local governments.

From the county and other local governments
10%$37 thousand

Fines and other5.4%

Interest, rents and other
5.4%$20 thousand

Where it goes

Water, sewer, trash and utilities30%Running the government and other costs24%Police, fire, courts and jails13%Parks, recreation and libraries12%Roads, transit and parking11%All other spending9.7%

What stands out

12%

of Hancock's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
30%$72 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$41 thousand
  • Garbage and solid waste$21 thousand
  • Sewer systems$10 thousand
Running the government and other costs
24%$56 thousand
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$38 thousand
  • Finance, tax collection and budgeting$9 thousand
  • Government buildings$7 thousand
  • Central staff services (personnel, purchasing, technology)$2 thousand
Police, fire, courts and jails
13%$31 thousand
What's in police, fire, courts and jailsFire protection and inspections and regulation
  • Fire protection$27 thousand
  • Inspections and regulation$4 thousand
Parks, recreation and libraries
12%$28 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$27 thousand
  • Libraries$1 thousand
Roads, transit and parking
11%$27 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$27 thousand
Interest on debt
7.6%$18 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$13 thousand
  • Interest on general debt$5 thousand
Sent to other local governments
1.7%$4 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$4 thousand
Health and hospitals
0.4%$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 Hancock. 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 Hancock 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.