City government · Wayne County, IA

Promise City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Promise City took in $94 thousand and spent $74 thousand.

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

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Where it comes from

Fees for services (sewer)32%City taxes29%Fines and other27%State tax money13%

What stands out

27%

of Promise City's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

City taxes29%

Property tax
18%$17 thousand
Sales tax
11%$10 thousand

Fees for services32%

Fees for services
32%$30 thousand
What's in fees for servicesSewer
  • Sewer$30 thousand

Amounts are by Census type of charge.

State tax money13%

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

From the state
13%$12 thousand

Fines and other27%

Interest, rents and other
27%$25 thousand

Where it goes

Running the government and other costs53%Interest on debt12%Roads, transit and parking11%Water, sewer, trash and utilities9.5%Sent to other local governments8.1%Police, fire, courts and jails6.8%

What stands out

53%

of Promise City's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
53%$39 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$36 thousand
  • Finance, tax collection and budgeting$2 thousand
  • Central staff services (personnel, purchasing, technology)$1 thousand
Interest on debt
12%$9 thousand
Roads, transit and parking
11%$8 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8 thousand
Water, sewer, trash and utilities
9.5%$7 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$7 thousand
Sent to other local governments
8.1%$6 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$6 thousand
Police, fire, courts and jails
6.8%$5 thousand
What's in police, fire, courts and jailsPrisons and jails and police
  • Prisons and jails$4 thousand
  • Police$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Promise City. 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 Promise City 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.