City government · Franklin County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Latimer took in $636 thousand and spent $457 thousand.

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

See every government that serves your ZIP

Where it comes from

City taxes41%Fees for services (sewer, water)34%Fines and other12%State tax money11%County and local tax money3.1%

What stands out

7.4%

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

City taxes41%

Property tax
33%$211 thousand
Sales tax
7.4%$47 thousand

Fees for services34%

Fees for services
34%$215 thousand
What's in fees for servicesSewer; water and 1 more
  • Sewer$80 thousand
  • Water$70 thousand
  • Garbage collection$65 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$67 thousand

County and local tax money3.1%

Money passed on by the county or other local governments.

From the county and other local governments
3.1%$20 thousand

Fines and other12%

Interest, rents and other
12%$76 thousand

Where it goes

Water, sewer, trash and utilities34%Roads, transit and parking24%Running the government and other costs19%Parks, recreation and libraries11%Police, fire, courts and jails8.3%All other spending3.3%

What stands out

11%

of Latimer'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
34%$156 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$65 thousand
  • Garbage and solid waste$48 thousand
  • Sewer systems$43 thousand
Roads, transit and parking
24%$109 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$109 thousand
Running the government and other costs
19%$87 thousand
What's in running the government and other costsGovernment buildings; other and not broken out and 2 more
  • Government buildings$37 thousand
  • Other and not broken out$31 thousand
  • Finance, tax collection and budgeting$14 thousand
  • Central staff services (personnel, purchasing, technology)$5 thousand
Parks, recreation and libraries
11%$52 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$48 thousand
  • Libraries$4 thousand
Police, fire, courts and jails
8.3%$38 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$37 thousand
  • Courts and legal services$1 thousand
Interest on debt
1.8%$8 thousand
Sent to other local governments
0.9%$4 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$4 thousand
Health and hospitals
0.7%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Latimer. 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 Latimer 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.