City government · Pendleton County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Falmouth took in $5.6 million and spent $5.4 million.

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

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Where it comes from

Fees for services (electric power, water)71%City taxes18%State tax money7.0%County and local tax money3.1%Fines and other0.8%

What stands out

71%

of Falmouth's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes18%

Property tax
10%$573 thousand
Other taxes
8.1%$458 thousand
What's in other taxesInsurance premium taxes; alcoholic beverage licenses and 1 more
  • Insurance premium taxes$402 thousand
  • Alcoholic beverage licenses$46 thousand
  • Other licenses$10 thousand

Amounts are by Census tax category.

Fees for services71%

Fees for services
71%$4.0 million
What's in fees for servicesElectric power; water and 3 more
  • Electric power$2.1 million
  • Water$844 thousand
  • Sewer$739 thousand
  • Garbage collection$211 thousand
  • Other service charges$88 thousand

Amounts are by Census type of charge.

State tax money7.0%

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

From the state
7.0%$396 thousand

County and local tax money3.1%

Money passed on by the county or other local governments.

From the county and other local governments
3.1%$175 thousand

Fines and other0.8%

Interest, rents and other
0.8%$47 thousand

Where it goes

Water, sewer, trash and utilities73%Police, fire, courts and jails21%Running the government and other costs5.2%Interest on debt1.0%Roads, transit and parking0.2%

What stands out

73%

of Falmouth'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
73%$3.9 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$1.9 million
  • Water supply$966 thousand
  • Sewer systems$804 thousand
  • Garbage and solid waste$199 thousand
Police, fire, courts and jails
21%$1.1 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$648 thousand
  • Fire protection$483 thousand
Running the government and other costs
5.2%$278 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$278 thousand
Interest on debt
1.0%$51 thousand
Roads, transit and parking
0.2%$9 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$9 thousand
Sources and moreWhere these numbers come from and what they cover

City of Falmouth. 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 Falmouth 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.