City government · Oklahoma County, OK

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

In the latest recorded fiscal year (ended June 30, 2024), Spencer took in $4.3 million and spent $6.1 million.

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

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Where it comes from

City taxes40%Fees for services (water, garbage collection)38%State tax money12%Fines and other6.7%Federal tax money2.8%County and local tax money1.1%

What stands out

35%

of Spencer's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes40%

Sales tax
35%$1.5 million
Other taxes
4.9%$211 thousand
What's in other taxesPublic utility taxes and occupation and business licenses
  • Public utility taxes$176 thousand
  • Occupation and business licenses$35 thousand

Amounts are by Census tax category.

Fees for services38%

Fees for services
38%$1.6 million
What's in fees for servicesWater; garbage collection and 2 more
  • Water$661 thousand
  • Garbage collection$602 thousand
  • Sewer$258 thousand
  • Other service charges$118 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%$121 thousand

State tax money12%

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

From the state
12%$513 thousand

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$48 thousand

Fines and other6.7%

Fines
4.3%$188 thousand
Interest, rents and other
2.3%$101 thousand

Where it goes

Police, fire, courts and jails35%Water, sewer, trash and utilities23%Parks, recreation and libraries20%Running the government and other costs12%Interest on debt5.9%All other spending3.9%

What stands out

20%

of Spencer's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Police, fire, courts and jails
35%$2.1 million
What's in police, fire, courts and jailsFire protection; police and 2 more
  • Fire protection$1.3 million
  • Police$650 thousand
  • Courts and legal services$104 thousand
  • Inspections and regulation$59 thousand
Water, sewer, trash and utilities
23%$1.4 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$652 thousand
  • Water supply$425 thousand
  • Garbage and solid waste$305 thousand
Parks, recreation and libraries
20%$1.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.2 million
Running the government and other costs
12%$727 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$727 thousand
Interest on debt
5.9%$355 thousand
Roads, transit and parking
2.3%$142 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$142 thousand
Health and hospitals
1.5%$92 thousand
What's in health and hospitalsPublic health
  • Public health$92 thousand
Sources and moreWhere these numbers come from and what they cover

City of Spencer. 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 Spencer 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.