Iowa · 1,987 residents
How much does Lake Mills spend?
FY2024, FY2025 and FY2026 are budgets the town voted. A year's actual spending is audited and published after it ends; the latest on file is FY2023.
FY2024, FY2025 and FY2026 are budgets the town voted. A year's actual spending is audited and published after it ends; the latest on file is FY2023.
What is Lake Mills's money for?
Click a category to see what it pays for.
By categoryShare of budget against towns of the same size$6.6M
“elsewhere”: what towns the same size usually devoteLake Mills devotes a larger share of its budgeta smaller share
- Water, sewer and utilities$3.7M55%elsewhere: 33%55% · towns its size: 33%
- Police, fire and public safety$769,12912%elsewhere: 10%12% · towns its size: 10%
- Capital projects$716,21111%elsewhere: 7%11% · towns its size: 7%
- Streets and public works$608,7469%elsewhere: 11%9% · towns its size: 11%
- Libraries, parks and recreation$533,9078%elsewhere: 7%8% · towns its size: 7%
- Planning and development$174,8123%elsewhere: 3%3% · towns its size: 3%
- General government$144,2002%elsewhere: 5%2% · towns its size: 5%
Shares of the town's counted spending. “Elsewhere”: the median share among the towns of the state closest in population — half give more, half less.
Compare with a town of the same size in Iowa
Per resident, FY2023 accounts, against the towns of Iowa closest in population. A town above or below is not better or worse run.
What it builds, levies and owes
What it builds
$716,211invested in FY2023 · $360 per resident · +915.3% vs FY2022
The spending the town files as capital projects for FY2023.
Property tax
$13.82per $1,000 of taxable value · set for FY2027 · +2.9% since FY2023
The 20 towns of its size: $13.21
The city's own levy rate, as certified by the Department of Management, before the county's, the school district's and others' are added to the bill.
What it owes
$0owed at the end of FY2026 · $0 per resident
$3,235 in towns its size · −100.0% since FY2018
Outstanding obligations at June 30, as the city reports them to the Treasurer of State: bonds, notes and loans of every fund.
Voted for FY2026
$10.7MThe budget the town adopted for FY2026, by category. Its actual spending is not on file yet.
By category
Understand
What this page covers
All funds: the budget each city certifies with the state at the start of the fiscal year and what it actually spent, in the same ten functions. Actual spending is published about two years after the budget.
Voted budget and actual spending
The voted budget is what the town approved before the year began. Actual spending is what it paid out, audited and reported to the state after the year ended. The two differ: money set aside is not always spent, and budgets are amended during the year.
Comparing with other towns in Iowa
Each state collects its towns' figures in its own way. Some report the general fund only, others every fund; some include schools and others leave them to separate school districts. Per-resident figures are compared between towns of the same state only. A few cities also do the work of a county — San Francisco and Jacksonville among them — and spend far more per resident than a city of the same size.
Source
Iowa Department of Management — City Budget and Actual Expenditures, and City Budget Expenditures by Fund (certified budgets). The state's records ↗ Population: U.S. Census Bureau, Census of Governments (population reported with the unit), 2022 file.
Source: Iowa Department of Management — City Budget and Actual Expenditures, and City Budget Expenditures by Fund (certified budgets).