Village government · Shiawassee County, MI

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

In the latest recorded fiscal year (ended February 28, 2024), Bancroft took in $509 thousand and spent $495 thousand.

Latest recorded year: ended February 28, 2024Comes fromGoes to

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Where it comes from

Fees for services (water, garbage collection)39%State tax money35%Village taxes16%Fines and other5.9%County and local tax money4.9%

What stands out

35%

of Bancroft's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Village taxes16%

Property tax
16%$80 thousand

Fees for services39%

Fees for services
39%$198 thousand
What's in fees for servicesWater and garbage collection
  • Water$181 thousand
  • Garbage collection$17 thousand

Amounts are by Census type of charge.

State tax money35%

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

From the state
35%$176 thousand

County and local tax money4.9%

Money passed on by the county or other local governments.

From the county and other local governments
4.9%$25 thousand

Fines and other5.9%

Interest, rents and other
5.9%$30 thousand

Where it goes

Water, sewer, trash and utilities37%Roads, transit and parking22%Running the government and other costs21%Police, fire, courts and jails11%Interest on debt8.7%Parks, recreation and libraries0.4%

What stands out

8.7%

of Bancroft's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
37%$181 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$181 thousand
Roads, transit and parking
22%$111 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$111 thousand
Running the government and other costs
21%$103 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$51 thousand
  • Other and not broken out$39 thousand
  • Government buildings$11 thousand
  • Finance, tax collection and budgeting$2 thousand
Police, fire, courts and jails
11%$55 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$48 thousand
  • Courts and legal services$7 thousand
Interest on debt
8.7%$43 thousand
Parks, recreation and libraries
0.4%$2 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Bancroft. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended February 28, 2024.

What this covers. The money of Village of Bancroft 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.