City government · Mitchell County, KS

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

In the latest recorded fiscal year (ended December 31, 2023), Beloit took in $15.1 million and spent $17.3 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)67%City taxes20%Fines and other5.6%State tax money3.4%County and local tax money3.2%Federal tax money0.8%

What stands out

67%

of Beloit'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%.

City taxes20%

Property tax
12%$1.8 million
Sales tax
7.5%$1.1 million
Other taxes
1.1%$165 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$154 thousand
  • Other licenses$8 thousand
  • Alcoholic beverage licenses$3 thousand

Amounts are by Census tax category.

Fees for services67%

Fees for services
67%$10.1 million
What's in fees for servicesElectric power; water and 6 more
  • Electric power$6.7 million
  • Water$1.6 million
  • Sewer$1.2 million
  • Garbage collection$337 thousand
  • Other service charges$193 thousand
  • Parks and recreation$105 thousand
  • Other government-run businesses$16 thousand
  • Airport$6 thousand

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government
0.8%$117 thousand

State tax money3.4%

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

From the state
3.4%$521 thousand

County and local tax money3.2%

Money passed on by the county or other local governments.

From the county and other local governments
3.2%$477 thousand

Fines and other5.6%

Interest, rents and other
4.6%$690 thousand
Fines
1.1%$160 thousand

Where it goes

Water, sewer, trash and utilities79%Parks, recreation and libraries5.9%Police, fire, courts and jails5.6%Roads, transit and parking5.4%Running the government and other costs4.5%

What stands out

79%

of Beloit'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
79%$13.6 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$11.1 million
  • Water supply$1.2 million
  • Sewer systems$877 thousand
  • Garbage and solid waste$356 thousand
Parks, recreation and libraries
5.9%$1.0 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$753 thousand
  • Libraries$264 thousand
Police, fire, courts and jails
5.6%$972 thousand
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$758 thousand
  • Courts and legal services$153 thousand
  • Fire protection$61 thousand
Roads, transit and parking
5.4%$940 thousand
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$892 thousand
  • Airports$48 thousand
Running the government and other costs
4.5%$768 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$362 thousand
  • Finance, tax collection and budgeting$337 thousand
  • Other government-run businesses$69 thousand
Sources and moreWhere these numbers come from and what they cover

City of Beloit. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Beloit 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.