City government · Shelby County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Panama took in $280 thousand and spent $368 thousand.

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

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Where it comes from

Fees for services (sewer, water)46%City taxes38%State tax money14%Fines and other1.8%

What stands out

10%

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

City taxes38%

Property tax
27%$75 thousand
Sales tax
10%$28 thousand
Other taxes
1.1%$3 thousand
What's in other taxesOther licenses
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services46%

Fees for services
46%$130 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$54 thousand
  • Water$53 thousand
  • Garbage collection$22 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

State tax money14%

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

From the state
14%$39 thousand

Fines and other1.8%

Interest, rents and other
1.8%$5 thousand

Where it goes

Roads, transit and parking48%Water, sewer, trash and utilities22%Running the government and other costs11%Police, fire, courts and jails6.0%Sent to other local governments6.0%All other spending6.8%

What stands out

48%

of Panama's 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%

Roads, transit and parking
48%$175 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$175 thousand
Water, sewer, trash and utilities
22%$82 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$41 thousand
  • Garbage and solid waste$21 thousand
  • Sewer systems$20 thousand
Running the government and other costs
11%$42 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$31 thousand
  • Finance, tax collection and budgeting$5 thousand
  • Government buildings$4 thousand
  • Central staff services (personnel, purchasing, technology)$2 thousand
Police, fire, courts and jails
6.0%$22 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$15 thousand
  • Police$6 thousand
  • Courts and legal services$1 thousand
Sent to other local governments
6.0%$22 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$22 thousand
Interest on debt
4.6%$17 thousand
Parks, recreation and libraries
2.2%$8 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$7 thousand
  • Libraries$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Panama. 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 Panama 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.