City government · Garrard County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Lancaster took in $4.6 million and spent $2.5 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (water, sewer)61%City taxes34%Fines and other1.7%State tax money1.4%Federal tax money1.4%

What stands out

20%

of Lancaster'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 taxes34%

Other taxes
20%$908 thousand
What's in other taxesInsurance premium taxes; public utility taxes and 2 more
  • Insurance premium taxes$760 thousand
  • Public utility taxes$108 thousand
  • Other licenses$25 thousand
  • Alcoholic beverage licenses$15 thousand

Amounts are by Census tax category.

Property tax
8.3%$381 thousand
Individual income tax
5.9%$268 thousand
Business income tax
0.2%$11 thousand

Fees for services61%

Fees for services
61%$2.8 million
What's in fees for servicesWater; sewer and 2 more
  • Water$1.9 million
  • Sewer$768 thousand
  • Parks and recreation$107 thousand
  • Other service charges$9 thousand

Amounts are by Census type of charge.

Federal tax money1.4%

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

From the federal government
1.4%$62 thousand

State tax money1.4%

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

From the state
1.4%$64 thousand

Fines and other1.7%

Interest, rents and other
1.7%$79 thousand

Where it goes

Water, sewer, trash and utilities42%Police, fire, courts and jails34%Running the government and other costs11%Interest on debt8.1%Parks, recreation and libraries5.3%

What stands out

34%

of Lancaster'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%

Water, sewer, trash and utilities
42%$1.1 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$613 thousand
  • Water supply$449 thousand
Police, fire, courts and jails
34%$869 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$845 thousand
  • Fire protection$24 thousand
Running the government and other costs
11%$274 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$274 thousand
Interest on debt
8.1%$207 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$157 thousand
  • Interest on general debt$50 thousand
Parks, recreation and libraries
5.3%$136 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$136 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lancaster. 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 Lancaster 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.