City government · Henry County, IA

Mount Pleasant's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Mount Pleasant took in $37.0 million and spent $37.4 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)73%City taxes18%State tax money7.3%Fines and other1.7%Federal tax money0.3%County and local tax money<0.1%

What stands out

73%

of Mount Pleasant's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes18%

Property tax
14%$5.1 million
Sales tax
3.6%$1.3 million
Other taxes
0.9%$330 thousand
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$210 thousand
  • Other licenses$61 thousand
  • Public utility taxes$59 thousand

Amounts are by Census tax category.

Fees for services73%

Fees for services
73%$26.8 million
What's in fees for servicesElectric power; water and 6 more
  • Electric power$18.8 million
  • Water$5.4 million
  • Sewer$1.9 million
  • Garbage collection$488 thousand
  • Other service charges$112 thousand
  • Parks and recreation$109 thousand
  • Other government-run businesses$32 thousand
  • Airport$10 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$100 thousand

State tax money7.3%

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

From the state
7.3%$2.7 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$22 thousand

Fines and other1.7%

Interest, rents and other
1.6%$609 thousand
Fines
<0.1%$14 thousand

Where it goes

Water, sewer, trash and utilities83%Police, fire, courts and jails5.6%Running the government and other costs3.9%Parks, recreation and libraries3.1%Roads, transit and parking2.5%All other spending1.6%

What stands out

83%

of Mount Pleasant's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
83%$31.1 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$21.3 million
  • Water supply$6.7 million
  • Sewer systems$2.6 million
  • Garbage and solid waste$654 thousand
Police, fire, courts and jails
5.6%$2.1 million
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$1.6 million
  • Courts and legal services$322 thousand
  • Fire protection$222 thousand
Running the government and other costs
3.9%$1.5 million
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$773 thousand
  • Government buildings$244 thousand
  • Central staff services (personnel, purchasing, technology)$222 thousand
  • Finance, tax collection and budgeting$148 thousand
  • Other government-run businesses$83 thousand
Parks, recreation and libraries
3.1%$1.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$724 thousand
  • Libraries$438 thousand
Roads, transit and parking
2.5%$943 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$887 thousand
  • Airports$56 thousand
Interest on debt
1.4%$512 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$491 thousand
  • Interest on water supply debt$21 thousand
Housing and community development
0.2%$62 thousand
Health and hospitals
<0.1%$8 thousand
What's in health and hospitalsPublic health
  • Public health$8 thousand
Sources and moreWhere these numbers come from and what they cover

City of Mount Pleasant. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Mount Pleasant 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.