City government · Montgomery County, IA

Red Oak's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Red Oak took in $10.8 million and spent $11.2 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

City taxes45%Fees for services (water, sewer)32%State tax money10%Federal tax money10%Fines and other3.1%

What stands out

10%

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

City taxes45%

Property tax
35%$3.7 million
Sales tax
7.7%$831 thousand
Other taxes
2.6%$279 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$123 thousand
  • Other selective sales taxes$110 thousand
  • Other licenses$46 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$3.4 million
What's in fees for servicesWater; sewer and 5 more
  • Water$1.1 million
  • Sewer$1.1 million
  • Other service charges$737 thousand
  • Airport$254 thousand
  • Garbage collection$74 thousand
  • Other government-run businesses$57 thousand
  • Parks and recreation$32 thousand

Amounts are by Census type of charge.

Federal tax money10%

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

From the federal government
10%$1.1 million

State tax money10%

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

From the state
10%$1.1 million

Fines and other3.1%

Interest, rents and other
3.1%$336 thousand
Fines
<0.1%$3 thousand

Where it goes

Roads, transit and parking31%Water, sewer, trash and utilities22%Police, fire, courts and jails21%Running the government and other costs15%Parks, recreation and libraries7.4%All other spending2.6%

What stands out

31%

of Red Oak'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
31%$3.5 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$3.0 million
  • Airports$563 thousand
Water, sewer, trash and utilities
22%$2.5 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$1.3 million
  • Sewer systems$1.1 million
  • Garbage and solid waste$75 thousand
Police, fire, courts and jails
21%$2.3 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$1.3 million
  • Police$915 thousand
  • Courts and legal services$81 thousand
Running the government and other costs
15%$1.7 million
What's in running the government and other costsOther and not broken out; other government-run businesses and 2 more
  • Other and not broken out$1.3 million
  • Other government-run businesses$246 thousand
  • Finance, tax collection and budgeting$107 thousand
  • Central staff services (personnel, purchasing, technology)$27 thousand
Parks, recreation and libraries
7.4%$831 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$512 thousand
  • Libraries$319 thousand
Interest on debt
1.7%$189 thousand
Health and hospitals
0.9%$100 thousand
What's in health and hospitalsPublic health
  • Public health$100 thousand
Environment and natural resources
<0.1%$1 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Red Oak. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Red Oak 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.