Village government · Gosper County, NE

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

In the latest recorded fiscal year (ended September 30, 2021), Smithfield took in $39 thousand and spent $34 thousand.

Latest recorded year: ended September 30, 2021Comes fromGoes to

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Where it comes from

State tax money41%Fees for services (water, gas)28%Village taxes23%Fines and other5.1%County and local tax money2.6%

What stands out

41%

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

Village taxes23%

Property tax
21%$8 thousand
Other taxes
2.6%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services28%

Fees for services
28%$11 thousand
What's in fees for servicesWater; other service charges and 1 more
  • Water$8 thousand
  • Other service charges$2 thousand
  • Gas$1 thousand

Amounts are by Census type of charge.

State tax money41%

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

From the state
41%$16 thousand

County and local tax money2.6%

Money passed on by the county or other local governments.

From the county and other local governments
2.6%$1 thousand

Fines and other5.1%

Interest, rents and other
5.1%$2 thousand

Where it goes

Police, fire, courts and jails59%Water, sewer, trash and utilities18%Running the government and other costs15%Interest on debt8.8%

What stands out

59%

of Smithfield'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%

Police, fire, courts and jails
59%$20 thousand
What's in police, fire, courts and jailsInspections and regulation
  • Inspections and regulation$20 thousand
Water, sewer, trash and utilities
18%$6 thousand
What's in water, sewer, trash and utilitiesWater supply and gas supply
  • Water supply$5 thousand
  • Gas supply$1 thousand
Running the government and other costs
15%$5 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$3 thousand
  • Finance, tax collection and budgeting$2 thousand
Interest on debt
8.8%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Smithfield. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Smithfield 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.