City government · Delaware County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Hopkinton took in $1.7 million and spent $1.5 million.

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

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Where it comes from

Fees for services (electric power, sewer)69%City taxes20%State tax money5.4%Federal tax money2.7%Fines and other1.8%County and local tax money0.8%

What stands out

69%

of Hopkinton's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes20%

Property tax
14%$240 thousand
Sales tax
5.5%$93 thousand
Other taxes
0.1%$2 thousand
What's in other taxesOther licenses
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services69%

Fees for services
69%$1.2 million
What's in fees for servicesElectric power; sewer and 5 more
  • Electric power$742 thousand
  • Sewer$210 thousand
  • Water$99 thousand
  • Other service charges$69 thousand
  • Garbage collection$38 thousand
  • Other government-run businesses$6 thousand
  • Parks and recreation$4 thousand

Amounts are by Census type of charge.

Federal tax money2.7%

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

From the federal government
2.7%$45 thousand

State tax money5.4%

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

From the state
5.4%$91 thousand

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$14 thousand

Fines and other1.8%

Interest, rents and other
1.8%$31 thousand

Where it goes

Water, sewer, trash and utilities58%Housing and community development12%Parks, recreation and libraries9.9%Running the government and other costs8.1%Roads, transit and parking6.7%All other spending5.3%

What stands out

12%

of Hopkinton'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
58%$895 thousand
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$603 thousand
  • Sewer systems$168 thousand
  • Water supply$83 thousand
  • Garbage and solid waste$41 thousand
Housing and community development
12%$184 thousand
Parks, recreation and libraries
9.9%$152 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$81 thousand
  • Parks and recreation$71 thousand
Running the government and other costs
8.1%$124 thousand
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$45 thousand
  • Government buildings$30 thousand
  • Finance, tax collection and budgeting$29 thousand
  • Other government-run businesses$16 thousand
  • Central staff services (personnel, purchasing, technology)$4 thousand
Roads, transit and parking
6.7%$103 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$103 thousand
Police, fire, courts and jails
3.3%$51 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$25 thousand
  • Police$25 thousand
  • Courts and legal services$1 thousand
Health and hospitals
1.1%$17 thousand
What's in health and hospitalsPublic health
  • Public health$17 thousand
Interest on debt
0.9%$14 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hopkinton. 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 Hopkinton 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.