City government · Franklin County, AR

Altus's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Altus took in $1.2 million and spent $1.0 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (water, garbage collection)47%City taxes22%Fines and other17%State tax money8.4%County and local tax money6.1%

What stands out

11%

of Altus' money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes22%

Sales tax
11%$128 thousand
Other taxes
7.2%$83 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$59 thousand
  • Other licenses$24 thousand

Amounts are by Census tax category.

Property tax
3.9%$45 thousand

Fees for services47%

Fees for services
47%$542 thousand
What's in fees for servicesWater; garbage collection and 1 more
  • Water$470 thousand
  • Garbage collection$57 thousand
  • Parks and recreation$15 thousand

Amounts are by Census type of charge.

State tax money8.4%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
8.4%$97 thousand

County and local tax money6.1%

Money passed on by the county or other local governments.

From the county and other local governments
6.1%$71 thousand

Fines and other17%

Interest, rents and other
9.1%$105 thousand
Fines
7.5%$87 thousand

Where it goes

Water, sewer, trash and utilities41%Running the government and other costs28%Roads, transit and parking15%Police, fire, courts and jails13%Parks, recreation and libraries1.5%Interest on debt1.2%

What stands out

41%

of Altus' 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%

Water, sewer, trash and utilities
41%$419 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$350 thousand
  • Garbage and solid waste$69 thousand
Running the government and other costs
28%$290 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$290 thousand
Roads, transit and parking
15%$150 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$150 thousand
Police, fire, courts and jails
13%$135 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$65 thousand
  • Police$62 thousand
  • Courts and legal services$8 thousand
Parks, recreation and libraries
1.5%$15 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$15 thousand
Interest on debt
1.2%$12 thousand
Sources and moreWhere these numbers come from and what they cover

City of Altus. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Altus 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.