City government · Ohio County, KY

Beaver Dam's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Beaver Dam took in $5.4 million and spent $4.4 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

City taxes44%Fees for services (sewer, water)39%County and local tax money10%Fines and other2.6%State tax money2.4%Federal tax money1.9%

What stands out

32%

of Beaver Dam's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

City taxes44%

Other taxes
32%$1.7 million
What's in other taxesOther selective sales taxes; insurance premium taxes and 3 more
  • Other selective sales taxes$834 thousand
  • Insurance premium taxes$425 thousand
  • Public utility taxes$229 thousand
  • Alcoholic beverage licenses$193 thousand
  • Occupation and business licenses$23 thousand

Amounts are by Census tax category.

Property tax
12%$671 thousand

Fees for services39%

Fees for services
39%$2.1 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$1.2 million
  • Water$685 thousand
  • Garbage collection$205 thousand
  • Other service charges$39 thousand
  • Parks and recreation$1 thousand

Amounts are by Census type of charge.

Federal tax money1.9%

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

From the federal government
1.9%$102 thousand

State tax money2.4%

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

From the state
2.4%$128 thousand

County and local tax money10%

Money passed on by the county or other local governments.

From the county and other local governments
10%$544 thousand

Fines and other2.6%

Interest, rents and other
2.6%$140 thousand

Where it goes

Water, sewer, trash and utilities50%Parks, recreation and libraries22%Police, fire, courts and jails13%Running the government and other costs8.5%Roads, transit and parking4.8%Interest on debt1.3%

What stands out

22%

of Beaver Dam's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
50%$2.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.2 million
  • Water supply$768 thousand
  • Garbage and solid waste$209 thousand
Parks, recreation and libraries
22%$981 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$981 thousand
Police, fire, courts and jails
13%$556 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$411 thousand
  • Fire protection$145 thousand
Running the government and other costs
8.5%$373 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$373 thousand
Roads, transit and parking
4.8%$213 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$213 thousand
Interest on debt
1.3%$59 thousand
Sources and moreWhere these numbers come from and what they cover

City of Beaver Dam. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Beaver Dam 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.