City government · Buchanan County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Independence took in $24.5 million and spent $25.8 million.

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

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Where it comes from

Fees for services (electric power, water)48%City taxes26%Fines and other12%State tax money7.4%Federal tax money7.1%County and local tax money0.5%

What stands out

7.1%

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

City taxes26%

Property tax
20%$4.8 million
Sales tax
3.5%$857 thousand
Other taxes
2.6%$632 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$404 thousand
  • Other selective sales taxes$119 thousand
  • Other licenses$109 thousand

Amounts are by Census tax category.

Fees for services48%

Fees for services
48%$11.7 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$8.4 million
  • Water$1.2 million
  • Sewer$1.1 million
  • Garbage collection$668 thousand
  • Parks and recreation$333 thousand
  • Other service charges$2 thousand

Amounts are by Census type of charge.

Federal tax money7.1%

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

From the federal government
7.1%$1.7 million

State tax money7.4%

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

From the state
7.4%$1.8 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$129 thousand

Fines and other12%

Interest, rents and other
11%$2.8 million
Fines
0.5%$120 thousand

Where it goes

Water, sewer, trash and utilities49%Running the government and other costs21%Police, fire, courts and jails9.4%Parks, recreation and libraries7.5%Roads, transit and parking3.8%All other spending9.0%

What stands out

49%

of Independence's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
49%$12.6 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$8.3 million
  • Sewer systems$2.8 million
  • Water supply$909 thousand
  • Garbage and solid waste$644 thousand
Running the government and other costs
21%$5.5 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$5.0 million
  • Finance, tax collection and budgeting$273 thousand
  • Central staff services (personnel, purchasing, technology)$104 thousand
  • Government buildings$94 thousand
  • Other government-run businesses$9 thousand
Police, fire, courts and jails
9.4%$2.4 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$1.7 million
  • Fire protection$529 thousand
  • Inspections and regulation$122 thousand
  • Courts and legal services$88 thousand
Parks, recreation and libraries
7.5%$1.9 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.4 million
  • Libraries$553 thousand
Roads, transit and parking
3.8%$979 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$700 thousand
  • Airports$279 thousand
Sent to other local governments
3.8%$973 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$973 thousand
Housing and community development
2.0%$525 thousand
Interest on debt
1.5%$390 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$377 thousand
  • Interest on water supply debt$13 thousand
Environment and natural resources
1.3%$338 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$338 thousand
Health and hospitals
0.3%$89 thousand
What's in health and hospitalsPublic health
  • Public health$89 thousand
Sources and moreWhere these numbers come from and what they cover

City of Independence. 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 Independence 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.