City government · Jewell County, KS

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

In the latest recorded fiscal year (ended December 31, 2021), Formoso took in $140 thousand and spent $85 thousand.

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

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Where it comes from

City taxes26%Fines and other25%Fees for services (water, parks and recreation)22%County and local tax money20%Federal tax money5.0%State tax money1.4%

What stands out

20%

of Formoso's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes26%

Property tax
17%$24 thousand
Other taxes
5.0%$7 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$7 thousand

Amounts are by Census tax category.

Sales tax
4.3%$6 thousand

Fees for services22%

Fees for services
22%$31 thousand
What's in fees for servicesWater; parks and recreation and 2 more
  • Water$20 thousand
  • Parks and recreation$4 thousand
  • Garbage collection$4 thousand
  • Sewer$3 thousand

Amounts are by Census type of charge.

Federal tax money5.0%

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

From the federal government
5.0%$7 thousand

State tax money1.4%

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

From the state
1.4%$2 thousand

County and local tax money20%

Money passed on by the county or other local governments.

From the county and other local governments
20%$28 thousand

Fines and other25%

Interest, rents and other
25%$35 thousand

Where it goes

Running the government and other costs55%Water, sewer, trash and utilities39%Parks, recreation and libraries4.7%Roads, transit and parking1.2%

What stands out

55%

of Formoso'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
55%$47 thousand
What's in running the government and other costsGovernment buildings and central staff services (personnel, purchasing, technology)
  • Government buildings$30 thousand
  • Central staff services (personnel, purchasing, technology)$17 thousand
Water, sewer, trash and utilities
39%$33 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$29 thousand
  • Garbage and solid waste$3 thousand
  • Sewer systems$1 thousand
Parks, recreation and libraries
4.7%$4 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$4 thousand
Roads, transit and parking
1.2%$1 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1 thousand
Sources and moreWhere these numbers come from and what they cover

City of Formoso. 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 City of Formoso 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.