City government · Cedar County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Tipton took in $14.7 million and spent $15.6 million.

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

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Where it comes from

Fees for services (electric power, gas)66%City taxes17%State tax money11%Federal tax money3.5%Fines and other2.4%County and local tax money0.1%

What stands out

66%

of Tipton'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 taxes17%

Property tax
14%$2.1 million
Sales tax
2.8%$413 thousand
Other taxes
0.3%$42 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$23 thousand
  • Public utility taxes$19 thousand

Amounts are by Census tax category.

Fees for services66%

Fees for services
66%$9.7 million
What's in fees for servicesElectric power; gas and 7 more
  • Electric power$4.8 million
  • Gas$2.2 million
  • Sewer$925 thousand
  • Water$656 thousand
  • Garbage collection$616 thousand
  • Other service charges$349 thousand
  • Parks and recreation$140 thousand
  • Airport$40 thousand
  • Other government-run businesses$23 thousand

Amounts are by Census type of charge.

Federal tax money3.5%

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

From the federal government
3.5%$516 thousand

State tax money11%

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

From the state
11%$1.6 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$22 thousand

Fines and other2.4%

Interest, rents and other
2.4%$356 thousand
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities62%Roads, transit and parking17%Running the government and other costs8.8%Police, fire, courts and jails5.7%Parks, recreation and libraries4.6%Interest on debt1.9%

What stands out

62%

of Tipton'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
62%$9.7 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 3 more
  • Electric power$4.7 million
  • Gas supply$1.8 million
  • Sewer systems$1.8 million
  • Water supply$845 thousand
  • Garbage and solid waste$550 thousand
Roads, transit and parking
17%$2.7 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$2.3 million
  • Airports$346 thousand
Running the government and other costs
8.8%$1.4 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$1.2 million
  • Finance, tax collection and budgeting$129 thousand
  • Other government-run businesses$33 thousand
  • Central staff services (personnel, purchasing, technology)$16 thousand
  • Government buildings$13 thousand
Police, fire, courts and jails
5.7%$884 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$719 thousand
  • Fire protection$165 thousand
Parks, recreation and libraries
4.6%$721 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$532 thousand
  • Libraries$189 thousand
Interest on debt
1.9%$290 thousand
What's in interest on debtInterest on general debt and interest on electric power debt
  • Interest on general debt$246 thousand
  • Interest on electric power debt$44 thousand
Sources and moreWhere these numbers come from and what they cover

City of Tipton. 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 Tipton 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.