City government · Jefferson County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Bancroft took in $377 thousand and spent $225 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

City taxes58%Federal tax money36%State tax money5.0%Fees for services0.8%Fines and other0.3%

What stands out

36%

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

City taxes58%

Property tax
38%$144 thousand
Other taxes
20%$75 thousand
What's in other taxesInsurance premium taxes
  • Insurance premium taxes$75 thousand

Amounts are by Census tax category.

Fees for services0.8%

Fees for services
0.8%$3 thousand
What's in fees for servicesOther government-run businesses
  • Other government-run businesses$3 thousand

Amounts are by Census type of charge.

Federal tax money36%

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

From the federal government
36%$135 thousand

State tax money5.0%

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

From the state
5.0%$19 thousand

Fines and other0.3%

Interest, rents and other
0.3%$1 thousand

Where it goes

Running the government and other costs38%Police, fire, courts and jails34%Water, sewer, trash and utilities24%Roads, transit and parking1.8%Social services1.3%

What stands out

34%

of Bancroft's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
38%$86 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$86 thousand
Police, fire, courts and jails
34%$77 thousand
What's in police, fire, courts and jailsPolice
  • Police$77 thousand
Water, sewer, trash and utilities
24%$55 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and electric power
  • Garbage and solid waste$47 thousand
  • Electric power$8 thousand
Roads, transit and parking
1.8%$4 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4 thousand
Social services
1.3%$3 thousand
What's in social servicesOther public welfare
  • Other public welfare$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Bancroft. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Bancroft 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.