For the Fiscal Year ending June 30, 2023, the City’s adopted revenue budget is $97,798,588, which includes transfers in of $19,109,221 and Marshalltown Water Works of 7,280,928. The City’s adopted expense budget is $106,942,234 which includes transfers out of $19,109,221 and Marshalltown Water Works of $5,774,039. Marshalltown Water Works has its own Board of Trustees and management, but is required to be included in the City’s adopted budget.