City government · Wayne County, KY

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

In the latest recorded fiscal year (ended June 30, 2024), Monticello took in $8.7 million and spent $8.5 million.

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

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Where it comes from

Fees for services (water, sewer)72%City taxes20%Fines and other3.3%State tax money2.5%County and local tax money2.5%

What stands out

72%

of Monticello'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 taxes20%

Other taxes
12%$1.0 million
What's in other taxesInsurance premium taxes; public utility taxes and 2 more
  • Insurance premium taxes$571 thousand
  • Public utility taxes$370 thousand
  • Occupation and business licenses$58 thousand
  • Alcoholic beverage licenses$13 thousand

Amounts are by Census tax category.

Property tax
5.6%$483 thousand
Business income tax
3.0%$258 thousand

Fees for services72%

Fees for services
72%$6.2 million
What's in fees for servicesWater; sewer and 3 more
  • Water$4.7 million
  • Sewer$927 thousand
  • Garbage collection$398 thousand
  • Parks and recreation$129 thousand
  • Other service charges$26 thousand

Amounts are by Census type of charge.

State tax money2.5%

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

From the state
2.5%$220 thousand

County and local tax money2.5%

Money passed on by the county or other local governments.

From the county and other local governments
2.5%$214 thousand

Fines and other3.3%

Interest, rents and other
2.1%$182 thousand
Fines
1.2%$105 thousand

Where it goes

Water, sewer, trash and utilities72%Police, fire, courts and jails11%Interest on debt5.3%Running the government and other costs5.2%Roads, transit and parking3.5%All other spending3.7%

What stands out

72%

of Monticello'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
72%$6.1 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$4.6 million
  • Sewer systems$1.0 million
  • Garbage and solid waste$398 thousand
Police, fire, courts and jails
11%$906 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$594 thousand
  • Fire protection$312 thousand
Interest on debt
5.3%$447 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$310 thousand
  • Interest on general debt$137 thousand
Running the government and other costs
5.2%$441 thousand
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)$435 thousand
  • Other and not broken out$6 thousand
Roads, transit and parking
3.5%$292 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$292 thousand
Sent to other local governments
2.2%$190 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$190 thousand
Parks, recreation and libraries
1.5%$124 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$124 thousand
Sources and moreWhere these numbers come from and what they cover

City of Monticello. 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 Monticello 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.