City government · Madison County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Berea took in $41.5 million and spent $32.5 million.

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

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Where it comes from

Fees for services (electric power, water)47%City taxes41%Fines and other6.6%State tax money2.3%Federal tax money2.2%County and local tax money0.9%

What stands out

21%

of Berea's money comes from a personal income tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes41%

Individual income tax
21%$8.8 million
Other taxes
13%$5.2 million
What's in other taxesOther selective sales taxes; insurance premium taxes and 4 more
  • Other selective sales taxes$1.8 million
  • Insurance premium taxes$1.7 million
  • Public utility taxes$1.2 million
  • Other licenses$394 thousand
  • Alcoholic beverage licenses$187 thousand
  • Occupation and business licenses$16 thousand

Amounts are by Census tax category.

Business income tax
3.7%$1.5 million
Property tax
3.0%$1.2 million

Fees for services47%

Fees for services
47%$19.7 million
What's in fees for servicesElectric power; water and 3 more
  • Electric power$12.1 million
  • Water$3.2 million
  • Sewer$2.9 million
  • Other service charges$1.4 million
  • Parks and recreation$114 thousand

Amounts are by Census type of charge.

Federal tax money2.2%

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

From the federal government
2.2%$922 thousand

State tax money2.3%

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

From the state
2.3%$960 thousand

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$394 thousand

Fines and other6.6%

Interest, rents and other
5.8%$2.4 million
Fines
0.8%$337 thousand

Where it goes

Water, sewer, trash and utilities51%Police, fire, courts and jails23%Running the government and other costs8.0%Parks, recreation and libraries7.8%Roads, transit and parking7.2%All other spending3.0%

What stands out

51%

of Berea's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
51%$16.6 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$11.7 million
  • Sewer systems$2.5 million
  • Water supply$2.4 million
Police, fire, courts and jails
23%$7.4 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$3.7 million
  • Police$3.3 million
  • Inspections and regulation$483 thousand
Running the government and other costs
8.0%$2.6 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)$2.4 million
  • Other and not broken out$169 thousand
Parks, recreation and libraries
7.8%$2.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.5 million
Roads, transit and parking
7.2%$2.3 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$2.3 million
  • Public transit$55 thousand
Interest on debt
1.1%$355 thousand
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$326 thousand
  • Interest on water supply debt$19 thousand
  • Interest on electric power debt$10 thousand
Sent to other local governments
1.0%$337 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$337 thousand
Housing and community development
0.8%$272 thousand
Sources and moreWhere these numbers come from and what they cover

City of Berea. 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 Berea 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.