City government · Franklin County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Sheffield took in $1.8 million and spent $1.3 million.

Latest recorded year: ended June 30, 2022Comes from Goes to

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Where it comes from

City taxes53%Fees for services (sewer, water)25%State tax money9.2%Fines and other6.5%Federal tax money4.8%County and local tax money1.7%

What stands out

46%

of Sheffield's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

City taxes53%

Property tax

46%$822 thousand

Sales tax

5.9%$105 thousand

Other taxes

0.6%$10 thousand

What's in other taxesPublic utility taxes and other licenses

Public utility taxes$7 thousand
Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services25%

Fees for services

25%$450 thousand

What's in fees for servicesSewer; water and 3 more

Sewer$263 thousand
Water$136 thousand
Parks and recreation$19 thousand
Other service charges$17 thousand
Other government-run businesses$15 thousand

Amounts are by Census type of charge.

Federal tax money4.8%

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

From the federal government

4.8%$85 thousand

State tax money9.2%

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

From the state

9.2%$165 thousand

County and local tax money1.7%

Money passed on by the county or other local governments.

From the county and other local governments

1.7%$31 thousand

Fines and other6.5%

Interest, rents and other

6.4%$115 thousand

Fines

<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities39%Running the government and other costs20%Parks, recreation and libraries18%Police, fire, courts and jails15%Roads, transit and parking6.9%All other spending1.7%

What stands out

18%

of Sheffield's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities

39%$497 thousand

What's in water, sewer, trash and utilitiesSewer systems and water supply

Sewer systems$318 thousand
Water supply$179 thousand

Running the government and other costs

20%$250 thousand

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$203 thousand
Other government-run businesses$25 thousand
Finance, tax collection and budgeting$17 thousand
Central staff services (personnel, purchasing, technology)$5 thousand

Parks, recreation and libraries

18%$231 thousand

What's in parks, recreation and librariesParks and recreation and libraries

Parks and recreation$120 thousand
Libraries$111 thousand

Police, fire, courts and jails

15%$185 thousand

What's in police, fire, courts and jailsPolice; fire protection and 1 more

Police$168 thousand
Fire protection$13 thousand
Courts and legal services$4 thousand

Roads, transit and parking

6.9%$88 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$88 thousand

Interest on debt

1.2%$15 thousand

What's in interest on debtInterest on water supply debt and interest on general debt

Interest on water supply debt$8 thousand
Interest on general debt$7 thousand

Health and hospitals

0.5%$6 thousand

What's in health and hospitalsPublic health

Public health$6 thousand

Sources and moreWhere these numbers come from and what they cover

City of Sheffield. 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 Sheffield 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.