City government · Dickinson County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Milford took in $5.6 million and spent $3.4 million.

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

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Where it comes from

City taxes70%Fees for services (sewer, parks and recreation)14%State tax money9.1%Federal tax money4.0%County and local tax money2.2%Fines and other1.1%

What stands out

17%

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

City taxes70%

Property tax
51%$2.8 million
Sales tax
17%$944 thousand
Other taxes
2.4%$137 thousand
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$94 thousand
  • Other licenses$40 thousand
  • Public utility taxes$3 thousand

Amounts are by Census tax category.

Fees for services14%

Fees for services
14%$759 thousand
What's in fees for servicesSewer; other service charges and 2 more
  • Sewer$516 thousand
  • Other service charges$235 thousand
  • Parks and recreation$5 thousand
  • Garbage collection$3 thousand

Amounts are by Census type of charge.

Federal tax money4.0%

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

From the federal government
4.0%$224 thousand

State tax money9.1%

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

From the state
9.1%$508 thousand

County and local tax money2.2%

Money passed on by the county or other local governments.

From the county and other local governments
2.2%$125 thousand

Fines and other1.1%

Interest, rents and other
1.0%$56 thousand
Fines
<0.1%$4 thousand

Where it goes

Police, fire, courts and jails26%Roads, transit and parking19%Running the government and other costs18%Parks, recreation and libraries16%Water, sewer, trash and utilities7.8%All other spending12%

What stands out

16%

of Milford'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%

Police, fire, courts and jails
26%$883 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$609 thousand
  • Fire protection$196 thousand
  • Courts and legal services$77 thousand
  • Inspections and regulation$1 thousand
Roads, transit and parking
19%$638 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$631 thousand
  • Airports$7 thousand
Running the government and other costs
18%$620 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$272 thousand
  • Finance, tax collection and budgeting$257 thousand
  • Central staff services (personnel, purchasing, technology)$44 thousand
  • Government buildings$39 thousand
  • Other government-run businesses$8 thousand
Parks, recreation and libraries
16%$557 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$288 thousand
  • Parks and recreation$269 thousand
Water, sewer, trash and utilities
7.8%$263 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$236 thousand
  • Garbage and solid waste$27 thousand
Interest on debt
5.4%$182 thousand
Housing and community development
5.2%$177 thousand
Sent to other local governments
1.6%$55 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$55 thousand
Health and hospitals
<0.1%$2 thousand
What's in health and hospitalsPublic health
  • Public health$2 thousand
Social services
<0.1%$2 thousand
What's in social servicesOther public welfare
  • Other public welfare$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Milford. 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 Milford 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.