City government · Hardin County, IA

Iowa Falls's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Iowa Falls took in $45.2 million and spent $48.8 million.

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

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Where it comes from

Fees for services (hospital bills, sewer)81%City taxes13%State tax money3.6%Fines and other1.5%Federal tax money0.4%County and local tax money0.1%

What stands out

81%

of Iowa Falls' 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 taxes13%

Property tax
9.5%$4.3 million
Other taxes
2.0%$899 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$677 thousand
  • Other selective sales taxes$162 thousand
  • Other licenses$60 thousand

Amounts are by Census tax category.

Sales tax
1.8%$827 thousand

Fees for services81%

Fees for services
81%$36.6 million
What's in fees for servicesHospital bills; sewer and 4 more
  • Hospital bills$31.2 million
  • Sewer$1.7 million
  • Water$1.6 million
  • Other service charges$1.1 million
  • Garbage collection$946 thousand
  • Parks and recreation$60 thousand

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government
0.4%$183 thousand

State tax money3.6%

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

From the state
3.6%$1.6 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$55 thousand

Fines and other1.5%

Interest, rents and other
1.5%$680 thousand

Where it goes

Health and hospitals67%Water, sewer, trash and utilities17%Roads, transit and parking7.4%Police, fire, courts and jails3.8%Parks, recreation and libraries2.2%All other spending2.8%

What stands out

67%

of Iowa Falls' spending goes to health services and hospitals.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Health and hospitals
67%$32.6 million
What's in health and hospitalsHospitals and public health
  • Hospitals$31.2 million
  • Public health$1.4 million
Water, sewer, trash and utilities
17%$8.3 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$4.0 million
  • Sewer systems$3.5 million
  • Garbage and solid waste$846 thousand
Roads, transit and parking
7.4%$3.6 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$3.5 million
  • Airports$108 thousand
Police, fire, courts and jails
3.8%$1.9 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$1.4 million
  • Fire protection$283 thousand
  • Inspections and regulation$126 thousand
  • Courts and legal services$17 thousand
Parks, recreation and libraries
2.2%$1.1 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$689 thousand
  • Libraries$375 thousand
Interest on debt
1.5%$738 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$573 thousand
  • Interest on water supply debt$165 thousand
Running the government and other costs
1.3%$616 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$316 thousand
  • Government buildings$195 thousand
  • Finance, tax collection and budgeting$96 thousand
  • Central staff services (personnel, purchasing, technology)$9 thousand
Sent to other local governments
<0.1%$9 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$9 thousand
Sources and moreWhere these numbers come from and what they cover

City of Iowa Falls. 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 Iowa Falls 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.