City government · Story County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Story City took in $8.1 million and spent $7.5 million.

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

See every government that serves your ZIP

Where it comes from

City taxes42%Fees for services (sewer, water)26%Fines and other21%State tax money6.6%Federal tax money3.3%County and local tax money1.0%

What stands out

21%

of Story 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 taxes42%

Property tax
31%$2.5 million
Sales tax
7.3%$589 thousand
Other taxes
3.2%$256 thousand
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$101 thousand
  • Other licenses$80 thousand
  • Public utility taxes$75 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$2.1 million
What's in fees for servicesSewer; water and 6 more
  • Sewer$756 thousand
  • Water$665 thousand
  • Other service charges$291 thousand
  • Road charges$194 thousand
  • Parks and recreation$134 thousand
  • Garbage collection$45 thousand
  • Other government-run businesses$22 thousand
  • Housing$5 thousand

Amounts are by Census type of charge.

Federal tax money3.3%

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

From the federal government
3.3%$269 thousand

State tax money6.6%

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

From the state
6.6%$534 thousand

County and local tax money1.0%

Money passed on by the county or other local governments.

From the county and other local governments
1.0%$79 thousand

Fines and other21%

Interest, rents and other
21%$1.7 million
Fines
<0.1%$2 thousand

Where it goes

Running the government and other costs45%Roads, transit and parking19%Parks, recreation and libraries16%Police, fire, courts and jails10%Water, sewer, trash and utilities4.6%All other spending5.3%

What stands out

16%

of Story City'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%

Running the government and other costs
45%$3.4 million
What's in running the government and other costsOther and not broken out; government buildings and 3 more
  • Other and not broken out$2.6 million
  • Government buildings$359 thousand
  • Finance, tax collection and budgeting$225 thousand
  • Central staff services (personnel, purchasing, technology)$150 thousand
  • Other government-run businesses$7 thousand
Roads, transit and parking
19%$1.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.4 million
Parks, recreation and libraries
16%$1.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.0 million
  • Libraries$190 thousand
Police, fire, courts and jails
10%$769 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$594 thousand
  • Fire protection$119 thousand
  • Inspections and regulation$47 thousand
  • Courts and legal services$9 thousand
Water, sewer, trash and utilities
4.6%$347 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$323 thousand
  • Sewer systems$24 thousand
Interest on debt
4.2%$320 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$278 thousand
  • Interest on water supply debt$42 thousand
Health and hospitals
0.8%$57 thousand
What's in health and hospitalsPublic health
  • Public health$57 thousand
Social services
0.2%$18 thousand
What's in social servicesOther public welfare
  • Other public welfare$18 thousand
Housing and community development
<0.1%$6 thousand
Sources and moreWhere these numbers come from and what they cover

City of Story 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 Story 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.