City government · Iowa County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Victor took in $1.1 million and spent $1.2 million.

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

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Where it comes from

City taxes37%Fees for services (sewer, garbage collection)35%Fines and other14%State tax money11%County and local tax money4.3%

What stands out

12%

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

City taxes37%

Property tax
24%$271 thousand
Sales tax
12%$134 thousand
Other taxes
0.2%$2 thousand
What's in other taxesOther licenses
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services35%

Fees for services
35%$383 thousand
What's in fees for servicesSewer; garbage collection and 2 more
  • Sewer$126 thousand
  • Garbage collection$113 thousand
  • Water$110 thousand
  • Other service charges$34 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$121 thousand

County and local tax money4.3%

Money passed on by the county or other local governments.

From the county and other local governments
4.3%$48 thousand

Fines and other14%

Interest, rents and other
14%$150 thousand

Where it goes

Water, sewer, trash and utilities46%Roads, transit and parking27%Police, fire, courts and jails13%Parks, recreation and libraries9.1%Running the government and other costs4.5%Interest on debt1.0%

What stands out

27%

of Victor'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%

Water, sewer, trash and utilities
46%$563 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$297 thousand
  • Water supply$159 thousand
  • Garbage and solid waste$107 thousand
Roads, transit and parking
27%$334 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$334 thousand
Police, fire, courts and jails
13%$157 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$120 thousand
  • Fire protection$19 thousand
  • Courts and legal services$18 thousand
Parks, recreation and libraries
9.1%$112 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$73 thousand
  • Parks and recreation$39 thousand
Running the government and other costs
4.5%$55 thousand
What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 2 more
  • Government buildings$24 thousand
  • Finance, tax collection and budgeting$18 thousand
  • Other government-run businesses$7 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
Interest on debt
1.0%$12 thousand
Sources and moreWhere these numbers come from and what they cover

City of Victor. 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 Victor 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.