Town government · Pike County, AL
Banks's money: where it comes from and where it goes
In the latest recorded fiscal year (ended September 30, 2021), Banks took in $296 thousand and spent $460 thousand.
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Where it comes from
What stands out
of Banks' money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.
Town taxes35%
What's in other taxesAlcoholic beverage taxes; motor fuel taxes and 2 more
- Alcoholic beverage taxes$14 thousand
- Motor fuel taxes$14 thousand
- Tobacco taxes$2 thousand
- Motor vehicle licenses$2 thousand
Amounts are by Census tax category.
Fees for services64%
What's in fees for servicesWater
- Water$188 thousand
Amounts are by Census type of charge.
Fines and other1.4%
Where it goes
What stands out
of Banks' spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.
Spending by category100%
What's in water, sewer, trash and utilitiesWater supply
- Water supply$342 thousand
What's in running the government and other costsOther and not broken out
- Other and not broken out$69 thousand
Sources and moreWhere these numbers come from and what they cover
Town of Banks. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Town of Banks 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.