City government · Henry County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Olds took in $283 thousand and spent $243 thousand.

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

See every government that serves your ZIP

Where it comes from

Fees for services (water, sewer)56%City taxes27%State tax money9.5%Federal tax money6.0%Fines and other2.1%

What stands out

8.8%

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

City taxes27%

Property tax
18%$50 thousand
Sales tax
8.8%$25 thousand

Fees for services56%

Fees for services
56%$158 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$80 thousand
  • Sewer$57 thousand
  • Garbage collection$21 thousand

Amounts are by Census type of charge.

Federal tax money6.0%

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

From the federal government
6.0%$17 thousand

State tax money9.5%

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

From the state
9.5%$27 thousand

Fines and other2.1%

Interest, rents and other
2.1%$6 thousand

Where it goes

Water, sewer, trash and utilities51%Roads, transit and parking27%Running the government and other costs9.9%Police, fire, courts and jails6.6%Interest on debt5.3%Parks, recreation and libraries0.4%

What stands out

27%

of Olds' spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
51%$123 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$68 thousand
  • Sewer systems$31 thousand
  • Garbage and solid waste$24 thousand
Roads, transit and parking
27%$66 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$66 thousand
Running the government and other costs
9.9%$24 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$8 thousand
  • Finance, tax collection and budgeting$7 thousand
  • Central staff services (personnel, purchasing, technology)$5 thousand
  • Government buildings$4 thousand
Police, fire, courts and jails
6.6%$16 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$11 thousand
  • Courts and legal services$5 thousand
Interest on debt
5.3%$13 thousand
Parks, recreation and libraries
0.4%$1 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Olds. 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 Olds 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.