Town government · Fulton County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Akron took in $1.4 million and spent $861 thousand.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Fees for services (water, sewer)51%State tax money27%Town taxes17%Fines and other2.2%Federal tax money1.0%County and local tax money0.5%

What stands out

27%

of Akron's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Town taxes17%

Property tax
17%$248 thousand
Other taxes
<0.1%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services51%

Fees for services
51%$735 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$379 thousand
  • Sewer$339 thousand
  • Garbage collection$16 thousand
  • Parks and recreation$1 thousand

Amounts are by Census type of charge.

Federal tax money1.0%

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

From the federal government
1.0%$15 thousand

State tax money27%

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

From the state
27%$391 thousand

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$7 thousand

Fines and other2.2%

Interest, rents and other
2.2%$32 thousand

Where it goes

Running the government and other costs44%Water, sewer, trash and utilities41%Police, fire, courts and jails7.8%Interest on debt5.6%Housing and community development1.0%Parks, recreation and libraries0.3%

What stands out

44%

of Akron's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
44%$380 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$344 thousand
  • Other and not broken out$36 thousand
Water, sewer, trash and utilities
41%$354 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$173 thousand
  • Water supply$164 thousand
  • Garbage and solid waste$17 thousand
Police, fire, courts and jails
7.8%$67 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$66 thousand
  • Fire protection$1 thousand
Interest on debt
5.6%$48 thousand
Housing and community development
1.0%$9 thousand
Parks, recreation and libraries
0.3%$3 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Akron. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Akron 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.