City government · Louisa County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Letts took in $246 thousand and spent $230 thousand.

Latest recorded year: ended June 30, 2022Comes from Goes to

See every government that serves your ZIP

Where it comes from

City taxes54%Fees for services (sewer)32%State tax money13%Federal tax money1.2%Fines and other0.4%

What stands out

13%

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

City taxes54%

Property tax

40%$99 thousand

Sales tax

13%$33 thousand

Fees for services32%

Fees for services

32%$78 thousand

What's in fees for servicesSewer

Sewer$78 thousand

Amounts are by Census type of charge.

Federal tax money1.2%

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

From the federal government

1.2%$3 thousand

State tax money13%

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

From the state

13%$32 thousand

Fines and other0.4%

Interest, rents and other

0.4%$1 thousand

Where it goes

Water, sewer, trash and utilities40%Running the government and other costs19%Roads, transit and parking13%Parks, recreation and libraries13%Interest on debt8.7%Police, fire, courts and jails7.0%

What stands out

13%

of Letts' 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

40%$91 thousand

What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste

Sewer systems$89 thousand
Garbage and solid waste$2 thousand

Running the government and other costs

19%$43 thousand

What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 2 more

Government buildings$18 thousand
Finance, tax collection and budgeting$13 thousand
Central staff services (personnel, purchasing, technology)$6 thousand
Other and not broken out$6 thousand

Roads, transit and parking

13%$31 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$31 thousand

Parks, recreation and libraries

13%$29 thousand

What's in parks, recreation and librariesLibraries and parks and recreation

Libraries$28 thousand
Parks and recreation$1 thousand

Interest on debt

8.7%$20 thousand

Police, fire, courts and jails

7.0%$16 thousand

What's in police, fire, courts and jailsPolice; fire protection and 1 more

Police$11 thousand
Fire protection$4 thousand
Courts and legal services$1 thousand

Sources and moreWhere these numbers come from and what they cover

City of Letts. 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 Letts 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.