Town government · Ripley County, IN

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

In the latest recorded fiscal year (ended December 31, 2023), Versailles took in $3.9 million and spent $4.3 million.

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

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Where it comes from

Fees for services (water, sewer)43%State tax money29%Town taxes17%Federal tax money9.3%Fines and other1.1%

What stands out

9.3%

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

Town taxes17%

Property tax
17%$654 thousand
Other taxes
0.2%$7 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$7 thousand

Amounts are by Census tax category.

Fees for services43%

Fees for services
43%$1.7 million
What's in fees for servicesWater; sewer and 2 more
  • Water$964 thousand
  • Sewer$553 thousand
  • Garbage collection$151 thousand
  • Parks and recreation$7 thousand

Amounts are by Census type of charge.

Federal tax money9.3%

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

From the federal government
9.3%$359 thousand

State tax money29%

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

From the state
29%$1.1 million

Fines and other1.1%

Interest, rents and other
1.1%$43 thousand

Where it goes

Running the government and other costs52%Water, sewer, trash and utilities26%Housing and community development15%Roads, transit and parking3.2%Parks, recreation and libraries3.1%Police, fire, courts and jails0.3%

What stands out

15%

of Versailles' spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
52%$2.2 million
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)$1.1 million
  • Other and not broken out$1.1 million
Water, sewer, trash and utilities
26%$1.1 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$703 thousand
  • Sewer systems$413 thousand
Housing and community development
15%$637 thousand
Roads, transit and parking
3.2%$138 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$138 thousand
Parks, recreation and libraries
3.1%$134 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$134 thousand
Police, fire, courts and jails
0.3%$13 thousand
What's in police, fire, courts and jailsPolice
  • Police$13 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Versailles. 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 Versailles 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.