City government · Poweshiek County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Malcom took in $577 thousand and spent $467 thousand.

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

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Where it comes from

City taxes51%Fees for services (water, sewer)19%Fines and other8.8%County and local tax money7.1%Federal tax money6.8%State tax money6.6%

What stands out

39%

of Malcom's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

City taxes51%

Property tax
39%$225 thousand
Sales tax
7.8%$45 thousand
Other taxes
4.5%$26 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$24 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services19%

Fees for services
19%$112 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$68 thousand
  • Sewer$31 thousand
  • Garbage collection$13 thousand

Amounts are by Census type of charge.

Federal tax money6.8%

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

From the federal government
6.8%$39 thousand

State tax money6.6%

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

From the state
6.6%$38 thousand

County and local tax money7.1%

Money passed on by the county or other local governments.

From the county and other local governments
7.1%$41 thousand

Fines and other8.8%

Interest, rents and other
8.8%$51 thousand

Where it goes

Water, sewer, trash and utilities44%Police, fire, courts and jails21%Parks, recreation and libraries12%Running the government and other costs11%Roads, transit and parking10%All other spending2.4%

What stands out

12%

of Malcom'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
44%$206 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$138 thousand
  • Sewer systems$51 thousand
  • Garbage and solid waste$17 thousand
Police, fire, courts and jails
21%$96 thousand
What's in police, fire, courts and jailsFire protection; courts and legal services and 1 more
  • Fire protection$82 thousand
  • Courts and legal services$9 thousand
  • Police$5 thousand
Parks, recreation and libraries
12%$55 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$54 thousand
  • Libraries$1 thousand
Running the government and other costs
11%$52 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$33 thousand
  • Finance, tax collection and budgeting$12 thousand
  • Central staff services (personnel, purchasing, technology)$5 thousand
  • Government buildings$2 thousand
Roads, transit and parking
10%$47 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$47 thousand
Sent to other local governments
1.3%$6 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$6 thousand
Interest on debt
1.1%$5 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$3 thousand
  • Interest on general debt$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Malcom. 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 Malcom 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.