Fiscal Year 2019 Budget

15

PROPORTIONATE SHARE OF FY 2019 TAXES

County 18%

School 42%

Iowa Lakes 3%

City 37%

Conclusion It is always interesting to see the breakdown of how the public’s tax dollars are utilized. Not all of the city’s departments or expenditures are funded by property tax dollars. The following graph shows the areas that receive at least partial funding from property taxes and the amount that $1 of tax revenue will support. The general areas that receive taxes and the departments they support are as follows: 1. Public Safety a. Expenditures related to Police, Fire, Communication Center, Building Inspections, Animal Control 2. Culture and Recreation a. Expenditures related to Library, Parks, Aquatic Center, Campground, Cemetery 3. General Government a. Expenditures related to Mayor and Council, City Clerk, Elections, Legal Services, City Hall and buildings 4. Debt Service a. Expenditures related to principal and interest on outstanding debt 5. Employee Benefits a. Expenditures related to city portion of health insurance, city portion of police/fire pension, unemployment insurance, worker’s compensation insurance for non-business type activities 6. Tort Liability a. Expenditures related to property and liability insurance premiums for General Fund Department