Town government · Madison County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Edgewood took in $3.2 million and spent $2.3 million.

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

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Where it comes from

Fees for services (sewer, water)65%Federal tax money15%State tax money9.4%Town taxes8.6%County and local tax money1.1%Fines and other0.6%

What stands out

15%

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

Town taxes8.6%

Property tax
8.4%$270 thousand
Other taxes
0.2%$6 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$4 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services65%

Fees for services
65%$2.1 million
What's in fees for servicesSewer; other service charges and 1 more
  • Sewer$1.0 million
  • Other service charges$660 thousand
  • Water$429 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$474 thousand

State tax money9.4%

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

From the state
9.4%$303 thousand

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$34 thousand

Fines and other0.6%

Fines
0.4%$13 thousand
Interest, rents and other
0.2%$7 thousand

Where it goes

Water, sewer, trash and utilities43%Police, fire, courts and jails41%Running the government and other costs8.3%Parks, recreation and libraries3.7%Roads, transit and parking3.4%Interest on debt0.7%

What stands out

41%

of Edgewood's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
43%$1.0 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$771 thousand
  • Water supply$234 thousand
Police, fire, courts and jails
41%$941 thousand
What's in police, fire, courts and jailsCourts and legal services; police and 1 more
  • Courts and legal services$475 thousand
  • Police$353 thousand
  • Fire protection$113 thousand
Running the government and other costs
8.3%$192 thousand
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$101 thousand
  • Central staff services (personnel, purchasing, technology)$91 thousand
Parks, recreation and libraries
3.7%$86 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$86 thousand
Roads, transit and parking
3.4%$79 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$79 thousand
Interest on debt
0.7%$16 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Edgewood. 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 Edgewood 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.