City government · Jackson County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Preston took in $4.1 million and spent $4.4 million.

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

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Where it comes from

Fees for services (electric power, gas)60%State tax money17%City taxes13%Federal tax money6.3%County and local tax money2.5%Fines and other1.8%

What stands out

6.3%

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

City taxes13%

Property tax
9.5%$394 thousand
Sales tax
3.0%$125 thousand
Other taxes
0.2%$10 thousand
What's in other taxesOther licenses
  • Other licenses$10 thousand

Amounts are by Census tax category.

Fees for services60%

Fees for services
60%$2.5 million
What's in fees for servicesElectric power; gas and 4 more
  • Electric power$1.1 million
  • Gas$661 thousand
  • Water$280 thousand
  • Sewer$259 thousand
  • Garbage collection$167 thousand
  • Other service charges$39 thousand

Amounts are by Census type of charge.

Federal tax money6.3%

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

From the federal government
6.3%$260 thousand

State tax money17%

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

From the state
17%$692 thousand

County and local tax money2.5%

Money passed on by the county or other local governments.

From the county and other local governments
2.5%$102 thousand

Fines and other1.8%

Interest, rents and other
1.8%$76 thousand

Where it goes

Water, sewer, trash and utilities51%Running the government and other costs35%Police, fire, courts and jails5.7%Roads, transit and parking3.7%Interest on debt2.4%Parks, recreation and libraries2.3%

What stands out

51%

of Preston'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
51%$2.2 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 3 more
  • Electric power$897 thousand
  • Sewer systems$810 thousand
  • Gas supply$217 thousand
  • Garbage and solid waste$143 thousand
  • Water supply$136 thousand
Running the government and other costs
35%$1.5 million
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$1.4 million
  • Finance, tax collection and budgeting$117 thousand
  • Government buildings$32 thousand
  • Central staff services (personnel, purchasing, technology)$7 thousand
Police, fire, courts and jails
5.7%$250 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$178 thousand
  • Fire protection$67 thousand
  • Courts and legal services$5 thousand
Roads, transit and parking
3.7%$161 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$161 thousand
Interest on debt
2.4%$103 thousand
What's in interest on debtInterest on general debt and interest on electric power debt
  • Interest on general debt$88 thousand
  • Interest on electric power debt$15 thousand
Parks, recreation and libraries
2.3%$102 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$70 thousand
  • Parks and recreation$32 thousand
Sources and moreWhere these numbers come from and what they cover

City of Preston. 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 Preston 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.