City government · Floyd County, IA

Nora Springs's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Nora Springs took in $3.0 million and spent $1.8 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (sewer, water)39%City taxes30%County and local tax money13%Federal tax money9.8%State tax money7.5%Fines and other1.0%

What stands out

13%

of Nora Springs' money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes30%

Property tax
23%$695 thousand
Sales tax
6.0%$179 thousand
Other taxes
0.7%$20 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$15 thousand
  • Other selective sales taxes$3 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$1.1 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$681 thousand
  • Water$271 thousand
  • Parks and recreation$101 thousand
  • Garbage collection$93 thousand
  • Other service charges$2 thousand

Amounts are by Census type of charge.

Federal tax money9.8%

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

From the federal government
9.8%$290 thousand

State tax money7.5%

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

From the state
7.5%$223 thousand

County and local tax money13%

Money passed on by the county or other local governments.

From the county and other local governments
13%$385 thousand

Fines and other1.0%

Interest, rents and other
1.0%$30 thousand
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities40%Parks, recreation and libraries20%Interest on debt14%Roads, transit and parking12%Running the government and other costs7.5%All other spending7.7%

What stands out

20%

of Nora Springs' 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%$738 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$462 thousand
  • Water supply$195 thousand
  • Garbage and solid waste$81 thousand
Parks, recreation and libraries
20%$360 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$280 thousand
  • Libraries$80 thousand
Interest on debt
14%$250 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$243 thousand
  • Interest on water supply debt$7 thousand
Roads, transit and parking
12%$212 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$212 thousand
Running the government and other costs
7.5%$138 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$70 thousand
  • Finance, tax collection and budgeting$28 thousand
  • Central staff services (personnel, purchasing, technology)$24 thousand
  • Government buildings$12 thousand
  • Other government-run businesses$4 thousand
Police, fire, courts and jails
7.2%$133 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$105 thousand
  • Fire protection$16 thousand
  • Courts and legal services$9 thousand
  • Inspections and regulation$3 thousand
Sent to other local governments
0.4%$8 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$8 thousand
Sources and moreWhere these numbers come from and what they cover

City of Nora Springs. 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 Nora Springs 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.