Town government · Lawrence County, IN

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

In the latest recorded fiscal year (ended December 31, 2021), Oolitic took in $999 thousand and spent $712 thousand.

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

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Where it comes from

Fees for services (sewer, water)69%Town taxes17%State tax money12%County and local tax money1.2%Fines and other0.6%

What stands out

69%

of Oolitic'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 taxes17%

Property tax
16%$161 thousand
Other taxes
1.3%$13 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$9 thousand
  • Other licenses$4 thousand

Amounts are by Census tax category.

Fees for services69%

Fees for services
69%$692 thousand
What's in fees for servicesSewer and water
  • Sewer$435 thousand
  • Water$257 thousand

Amounts are by Census type of charge.

State tax money12%

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

From the state
12%$115 thousand

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments
1.2%$12 thousand

Fines and other0.6%

Interest, rents and other
0.6%$6 thousand

Where it goes

Water, sewer, trash and utilities59%Police, fire, courts and jails16%Running the government and other costs16%Interest on debt9.7%

What stands out

10%

of Oolitic's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
59%$417 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$221 thousand
  • Sewer systems$179 thousand
  • Garbage and solid waste$17 thousand
Police, fire, courts and jails
16%$114 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$79 thousand
  • Fire protection$35 thousand
Running the government and other costs
16%$112 thousand
What's in running the government and other costsGovernment buildings and finance, tax collection and budgeting
  • Government buildings$77 thousand
  • Finance, tax collection and budgeting$35 thousand
Interest on debt
9.7%$69 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Oolitic. 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 Oolitic 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.