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State Government Finances

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STATE GOVERNMENT FINANCES: 2007
STATE: IOWA
(Thousand Dollars)
 
Source: 2007 Annual Survey of State Government Finances. Data users who create their own estimates using
data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in
this table are based on information from public records and contain no confidential data. Although the data in
this table come from a census of governmental units and are not subject to sampling error, the census results
do contain nonsampling error. Additional information on nonsampling error, response rates, and definitions
may be found at http://www2.census.gov/govs/state/07_methodology.pdf.

Item       Amount      
Total revenue      19,053,312
       
    General revenue      14,119,773
        Intergovernmental revenue      4,378,744
        Taxes      6,469,752
            General sales      1,786,668
            Selective sales      980,958
            License taxes      615,343
            Individual income tax      2,666,601
            Corporate income tax      325,077
            Other taxes      95,105
       
        Current charges      2,064,465
        Miscellaneous general revenue      1,206,812
       
    Utility revenue      0
    Liquor stores revenue      180,251
    Insurance trust revenue(1)      4,753,288
       
Total expenditure      15,461,766
    Intergovernmental expenditure      3,892,136
    Direct expenditure      11,569,630
        Current operation      7,977,492
        Capital outlay      1,292,035
        Insurance benefits and repayments      1,495,901
        Assistance and subsidies      464,646
        Interest on debt      339,556
Exhibit: Salaries and wages      2,137,369
       
Total expenditure      15,461,766
General expenditure      13,842,578
        Intergovernmental expenditure      3,892,136
        Direct expenditure      9,950,442
       
    General expenditure, by function:       
        Education      5,353,934
        Public welfare      3,612,004
        Hospitals      1,021,701
        Health      229,321
        Highways      1,445,447
       
        Police protection      94,776
        Correction      259,104
        Natural resources      255,776
        Parks and recreation      37,251
        Governmental administration      513,798
       
        Interest on general debt      339,556
        Other and unallocable      679,910
       
    Utility expenditure      0
    Liquor stores expenditure      123,287
    Insurance trust expenditure      1,495,901
       
Debt at end of fiscal year      6,727,065
       
Cash and security holdings      35,280,203

(1) Within insurance trust revenue, net earnings of state retirement systems
is a calculated statistic (the item code in the data file is X08), and thus can be
positive or negative. Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments. The change made in 2002 for asset valuation
from book to market value in accordance with Statement 34 of the Governmental
Accounting Standards Board is reflected in the calculated statistics.
 
 
Created: November 19, 2008
Last Revised:   December 14, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: December 14, 2011