Town government · Henry County, IN

Mount Summit's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Mount Summit took in $190 thousand and spent $210 thousand.

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

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Where it comes from

Fees for services (water)85%Fines and other7.9%Town taxes6.3%State tax money1.1%

What stands out

85%

of Mount Summit's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Town taxes6.3%

Property tax
5.3%$10 thousand
Other taxes
1.1%$2 thousand
What's in other taxesAlcoholic beverage licenses and other licenses
  • Alcoholic beverage licenses$1 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services85%

Fees for services
85%$161 thousand
What's in fees for servicesWater
  • Water$161 thousand

Amounts are by Census type of charge.

State tax money1.1%

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

From the state
1.1%$2 thousand

Fines and other7.9%

Interest, rents and other
7.9%$15 thousand

Where it goes

Water, sewer, trash and utilities77%Police, fire, courts and jails10%Roads, transit and parking6.7%Running the government and other costs6.2%

What stands out

77%

of Mount Summit's 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
77%$162 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$138 thousand
  • Garbage and solid waste$24 thousand
Police, fire, courts and jails
10%$21 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$17 thousand
  • Fire protection$4 thousand
Roads, transit and parking
6.7%$14 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$14 thousand
Running the government and other costs
6.2%$13 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$13 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Mount Summit. 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 Town of Mount Summit 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.