City government · Lyon County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Inwood took in $1.4 million and spent $983 thousand.

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

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Where it comes from

City taxes38%Fees for services (water, sewer)34%Fines and other14%State tax money8.9%Federal tax money4.4%County and local tax money1.1%

What stands out

9.4%

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

City taxes38%

Property tax
24%$348 thousand
Sales tax
9.4%$135 thousand
Other taxes
3.8%$55 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$52 thousand
  • Public utility taxes$3 thousand

Amounts are by Census tax category.

Fees for services34%

Fees for services
34%$483 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$199 thousand
  • Sewer$169 thousand
  • Garbage collection$70 thousand
  • Parks and recreation$45 thousand

Amounts are by Census type of charge.

Federal tax money4.4%

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

From the federal government
4.4%$63 thousand

State tax money8.9%

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

From the state
8.9%$127 thousand

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$16 thousand

Fines and other14%

Interest, rents and other
14%$205 thousand

Where it goes

Water, sewer, trash and utilities39%Parks, recreation and libraries25%Roads, transit and parking11%Running the government and other costs10%Interest on debt8.0%All other spending6.4%

What stands out

25%

of Inwood'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
39%$384 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$163 thousand
  • Sewer systems$152 thousand
  • Garbage and solid waste$69 thousand
Parks, recreation and libraries
25%$248 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$187 thousand
  • Libraries$61 thousand
Roads, transit and parking
11%$109 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$109 thousand
Running the government and other costs
10%$100 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$48 thousand
  • Finance, tax collection and budgeting$28 thousand
  • Government buildings$15 thousand
  • Central staff services (personnel, purchasing, technology)$9 thousand
Interest on debt
8.0%$79 thousand
Police, fire, courts and jails
4.3%$42 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$21 thousand
  • Fire protection$17 thousand
  • Courts and legal services$4 thousand
Sent to other local governments
2.1%$21 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$21 thousand
Sources and moreWhere these numbers come from and what they cover

City of Inwood. 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 Inwood 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.