City government · Hamilton County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Stanhope took in $1.0 million and spent $1.1 million.

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

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Where it comes from

Fees for services (electric power, water)67%City taxes16%State tax money9.7%County and local tax money4.5%Fines and other2.8%

What stands out

67%

of Stanhope's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes16%

Property tax
11%$113 thousand
Sales tax
4.8%$48 thousand
Other taxes
0.3%$3 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$3 thousand

Amounts are by Census tax category.

Fees for services67%

Fees for services
67%$666 thousand
What's in fees for servicesElectric power; water and 2 more
  • Electric power$464 thousand
  • Water$105 thousand
  • Sewer$64 thousand
  • Garbage collection$33 thousand

Amounts are by Census type of charge.

State tax money9.7%

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

From the state
9.7%$97 thousand

County and local tax money4.5%

Money passed on by the county or other local governments.

From the county and other local governments
4.5%$45 thousand

Fines and other2.8%

Interest, rents and other
2.7%$27 thousand
Fines
0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities58%Police, fire, courts and jails12%Parks, recreation and libraries7.2%Running the government and other costs7.1%Roads, transit and parking6.7%All other spending9.4%

What stands out

58%

of Stanhope'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
58%$655 thousand
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$447 thousand
  • Water supply$86 thousand
  • Garbage and solid waste$63 thousand
  • Sewer systems$59 thousand
Police, fire, courts and jails
12%$134 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$85 thousand
  • Fire protection$48 thousand
  • Courts and legal services$1 thousand
Parks, recreation and libraries
7.2%$82 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$43 thousand
  • Parks and recreation$39 thousand
Running the government and other costs
7.1%$80 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$46 thousand
  • Central staff services (personnel, purchasing, technology)$29 thousand
  • Government buildings$5 thousand
Roads, transit and parking
6.7%$76 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$76 thousand
Sent to other local governments
6.3%$71 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$71 thousand
Interest on debt
1.9%$22 thousand
Health and hospitals
1.0%$11 thousand
What's in health and hospitalsPublic health
  • Public health$11 thousand
Social services
0.2%$2 thousand
What's in social servicesOther public welfare
  • Other public welfare$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Stanhope. 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 Stanhope 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.