Village government · Marion County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Prospect took in $2.0 million and spent $2.0 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Fees for services (electric power, sewer)82%Village taxes13%Federal tax money2.8%County and local tax money1.4%Fines and other1.0%

What stands out

82%

of Prospect'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%.

Village taxes13%

Property tax
8.0%$159 thousand
Other taxes
3.6%$71 thousand
What's in other taxesMotor fuel taxes and alcoholic beverage taxes
  • Motor fuel taxes$70 thousand
  • Alcoholic beverage taxes$1 thousand

Amounts are by Census tax category.

Sales tax
1.5%$30 thousand

Fees for services82%

Fees for services
82%$1.6 million
What's in fees for servicesElectric power; sewer and 2 more
  • Electric power$1.1 million
  • Sewer$251 thousand
  • Garbage collection$165 thousand
  • Parks and recreation$70 thousand

Amounts are by Census type of charge.

Federal tax money2.8%

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

From the federal government
2.8%$55 thousand

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$27 thousand

Fines and other1.0%

Interest, rents and other
1.0%$19 thousand
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities71%Running the government and other costs20%Interest on debt3.9%Roads, transit and parking2.7%Police, fire, courts and jails2.1%

What stands out

71%

of Prospect'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
71%$1.4 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$975 thousand
  • Sewer systems$279 thousand
  • Garbage and solid waste$170 thousand
Running the government and other costs
20%$401 thousand
What's in running the government and other costsOther and not broken out
  • Other and not broken out$401 thousand
Interest on debt
3.9%$77 thousand
Roads, transit and parking
2.7%$54 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$54 thousand
Police, fire, courts and jails
2.1%$42 thousand
What's in police, fire, courts and jailsPolice
  • Police$42 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Prospect. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Prospect 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.