City government · Madison County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Elwood took in $19.0 million and spent $21.7 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Fees for services (sewer, water)40%State tax money31%City taxes25%Fines and other3.0%County and local tax money0.8%

What stands out

31%

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

City taxes25%

Property tax
25%$4.7 million
Other taxes
0.8%$156 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$93 thousand
  • Public utility taxes$42 thousand
  • Other selective sales taxes$21 thousand

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$7.6 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$3.2 million
  • Water$1.9 million
  • Other service charges$1.2 million
  • Garbage collection$1.2 million
  • Parks and recreation$3 thousand

Amounts are by Census type of charge.

State tax money31%

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

From the state
31%$5.8 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$160 thousand

Fines and other3.0%

Interest, rents and other
2.2%$411 thousand
Fines
0.8%$157 thousand

Where it goes

Running the government and other costs50%Police, fire, courts and jails18%Water, sewer, trash and utilities17%Roads, transit and parking8.3%Housing and community development4.1%All other spending2.7%

What stands out

50%

of Elwood'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
50%$10.9 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$8.7 million
  • Central staff services (personnel, purchasing, technology)$2.0 million
  • Finance, tax collection and budgeting$132 thousand
Police, fire, courts and jails
18%$3.9 million
What's in police, fire, courts and jailsFire protection; police and 3 more
  • Fire protection$1.9 million
  • Police$1.5 million
  • Courts and legal services$261 thousand
  • Prisons and jails$162 thousand
  • Probation, parole and other corrections$113 thousand
Water, sewer, trash and utilities
17%$3.7 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.9 million
  • Water supply$1.4 million
  • Garbage and solid waste$418 thousand
Roads, transit and parking
8.3%$1.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.8 million
Housing and community development
4.1%$880 thousand
Parks, recreation and libraries
1.0%$214 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$214 thousand
Interest on debt
0.9%$202 thousand
Health and hospitals
0.8%$174 thousand
What's in health and hospitalsPublic health
  • Public health$174 thousand
Sources and moreWhere these numbers come from and what they cover

City of Elwood. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Elwood 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.