City government · Citrus County, FL

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

In the latest recorded fiscal year (ended September 30, 2021), Inverness took in $16.1 million and spent $11.4 million.

Latest recorded year: ended September 30, 2021Comes fromGoes to

See every government that serves your ZIP

Where it comes from

City taxes38%Fees for services (water, garbage collection)36%County and local tax money12%Fines and other6.1%Federal tax money5.1%State tax money3.5%

What stands out

12%

of Inverness' money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes38%

Property tax
20%$3.3 million
Other taxes
17%$2.8 million
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$1.2 million
  • Occupation and business licenses$860 thousand
  • Motor fuel taxes$352 thousand
  • Other licenses$314 thousand

Amounts are by Census tax category.

Fees for services36%

Fees for services
36%$5.7 million
What's in fees for servicesWater; garbage collection and 3 more
  • Water$4.4 million
  • Garbage collection$1.1 million
  • Parks and recreation$166 thousand
  • Road charges$34 thousand
  • Other service charges$25 thousand

Amounts are by Census type of charge.

Federal tax money5.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
5.1%$823 thousand

State tax money3.5%

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

From the state
3.5%$556 thousand

County and local tax money12%

Money passed on by the county or other local governments.

From the county and other local governments
12%$2.0 million

Fines and other6.1%

Interest, rents and other
5.8%$924 thousand
Fines
0.3%$50 thousand

Where it goes

Water, sewer, trash and utilities38%Running the government and other costs16%Parks, recreation and libraries16%Roads, transit and parking12%Police, fire, courts and jails12%All other spending5.9%

What stands out

16%

of Inverness' spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
38%$4.4 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 1 more
  • Sewer systems$2.6 million
  • Garbage and solid waste$1.2 million
  • Water supply$599 thousand
Running the government and other costs
16%$1.8 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$1.1 million
  • Finance, tax collection and budgeting$374 thousand
  • Other and not broken out$320 thousand
Parks, recreation and libraries
16%$1.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.8 million
Roads, transit and parking
12%$1.4 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.4 million
Police, fire, courts and jails
12%$1.3 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$873 thousand
  • Fire protection$475 thousand
Interest on debt
4.7%$541 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$451 thousand
  • Interest on water supply debt$90 thousand
Environment and natural resources
1.2%$133 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$133 thousand
Sources and moreWhere these numbers come from and what they cover

City of Inverness. 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 City of Inverness 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.