City government · Owsley County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Booneville took in $2.3 million and spent $3.3 million.

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

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Where it comes from

Fees for services (water, sewer)55%Federal tax money32%State tax money9.1%City taxes3.5%Fines and other0.3%County and local tax money0.2%

What stands out

32%

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

City taxes3.5%

Property tax
1.9%$43 thousand
Other taxes
1.6%$37 thousand
What's in other taxesOccupation and business licenses; public utility taxes and 1 more
  • Occupation and business licenses$15 thousand
  • Public utility taxes$13 thousand
  • Alcoholic beverage licenses$9 thousand

Amounts are by Census tax category.

Fees for services55%

Fees for services
55%$1.2 million
What's in fees for servicesWater; sewer and 1 more
  • Water$953 thousand
  • Sewer$161 thousand
  • Other service charges$130 thousand

Amounts are by Census type of charge.

Federal tax money32%

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

From the federal government
32%$720 thousand

State tax money9.1%

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

From the state
9.1%$205 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$5 thousand

Fines and other0.3%

Interest, rents and other
0.3%$6 thousand

Where it goes

Water, sewer, trash and utilities70%Running the government and other costs19%Sent to other local governments6.0%Interest on debt3.2%Police, fire, courts and jails1.1%Roads, transit and parking<0.1%

What stands out

70%

of Booneville'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
70%$2.3 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$2.0 million
  • Sewer systems$304 thousand
Running the government and other costs
19%$635 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$635 thousand
Sent to other local governments
6.0%$196 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$196 thousand
Interest on debt
3.2%$104 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$75 thousand
  • Interest on general debt$29 thousand
Police, fire, courts and jails
1.1%$35 thousand
What's in police, fire, courts and jailsPolice
  • Police$35 thousand
Roads, transit and parking
<0.1%$2 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Booneville. 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 Booneville 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.