City government · Kossuth County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Lakota took in $443 thousand and spent $369 thousand.

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

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Where it comes from

Fees for services (sewer, water)44%City taxes34%State tax money6.8%County and local tax money5.6%Fines and other5.2%Federal tax money4.7%

What stands out

10%

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

City taxes34%

Property tax
20%$89 thousand
Sales tax
9.9%$44 thousand
Other taxes
3.6%$16 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$16 thousand

Amounts are by Census tax category.

Fees for services44%

Fees for services
44%$195 thousand
What's in fees for servicesSewer; water and 3 more
  • Sewer$88 thousand
  • Water$69 thousand
  • Garbage collection$36 thousand
  • Other government-run businesses$1 thousand
  • Parks and recreation$1 thousand

Amounts are by Census type of charge.

Federal tax money4.7%

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

From the federal government
4.7%$21 thousand

State tax money6.8%

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

From the state
6.8%$30 thousand

County and local tax money5.6%

Money passed on by the county or other local governments.

From the county and other local governments
5.6%$25 thousand

Fines and other5.2%

Interest, rents and other
5.2%$23 thousand

Where it goes

Water, sewer, trash and utilities29%Interest on debt23%Running the government and other costs14%Roads, transit and parking12%Police, fire, courts and jails9.5%All other spending12%

What stands out

23%

of Lakota's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
29%$106 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$60 thousand
  • Garbage and solid waste$28 thousand
  • Sewer systems$18 thousand
Interest on debt
23%$86 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$53 thousand
  • Interest on water supply debt$33 thousand
Running the government and other costs
14%$53 thousand
What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 3 more
  • Government buildings$26 thousand
  • Finance, tax collection and budgeting$20 thousand
  • Central staff services (personnel, purchasing, technology)$3 thousand
  • Other government-run businesses$3 thousand
  • Other and not broken out$1 thousand
Roads, transit and parking
12%$44 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$44 thousand
Police, fire, courts and jails
9.5%$35 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$33 thousand
  • Police$2 thousand
Parks, recreation and libraries
8.9%$33 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$28 thousand
  • Libraries$5 thousand
Sent to other local governments
1.9%$7 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$7 thousand
Health and hospitals
1.4%$5 thousand
What's in health and hospitalsPublic health
  • Public health$5 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lakota. 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 Lakota 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.