City government · Adams County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Prescott took in $274 thousand and spent $245 thousand.

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

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Where it comes from

City taxes27%Federal tax money25%County and local tax money20%State tax money15%Fees for services (garbage collection, gas)11%Fines and other2.2%

What stands out

25%

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

City taxes27%

Property tax
16%$44 thousand
Sales tax
10%$28 thousand
Other taxes
0.4%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services11%

Fees for services
11%$30 thousand
What's in fees for servicesGarbage collection and gas
  • Garbage collection$19 thousand
  • Gas$11 thousand

Amounts are by Census type of charge.

Federal tax money25%

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

From the federal government
25%$68 thousand

State tax money15%

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

From the state
15%$41 thousand

County and local tax money20%

Money passed on by the county or other local governments.

From the county and other local governments
20%$56 thousand

Fines and other2.2%

Interest, rents and other
2.2%$6 thousand

Where it goes

Police, fire, courts and jails40%Running the government and other costs28%Roads, transit and parking11%Parks, recreation and libraries11%Water, sewer, trash and utilities9.4%

What stands out

40%

of Prescott's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
40%$98 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$97 thousand
  • Courts and legal services$1 thousand
Running the government and other costs
28%$69 thousand
What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 2 more
  • Government buildings$52 thousand
  • Finance, tax collection and budgeting$13 thousand
  • Central staff services (personnel, purchasing, technology)$3 thousand
  • Other and not broken out$1 thousand
Roads, transit and parking
11%$28 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$28 thousand
Parks, recreation and libraries
11%$27 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$24 thousand
  • Parks and recreation$3 thousand
Water, sewer, trash and utilities
9.4%$23 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and gas supply
  • Garbage and solid waste$20 thousand
  • Gas supply$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Prescott. 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 Prescott 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.