City government · Union County, SD

Elk Point's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Elk Point took in $5.5 million and spent $3.6 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)63%City taxes32%State tax money3.1%Fines and other1.4%County and local tax money0.1%

What stands out

12%

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

City taxes32%

Property tax
19%$1.1 million
Sales tax
12%$680 thousand
Other taxes
0.8%$45 thousand
What's in other taxesOther selective sales taxes; public utility taxes and 2 more
  • Other selective sales taxes$18 thousand
  • Public utility taxes$14 thousand
  • Alcoholic beverage licenses$12 thousand
  • Amusement licenses$1 thousand

Amounts are by Census tax category.

Fees for services63%

Fees for services
63%$3.5 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$2.3 million
  • Water$539 thousand
  • Sewer$430 thousand
  • Garbage collection$217 thousand
  • Parks and recreation$41 thousand
  • Other government-run businesses$13 thousand

Amounts are by Census type of charge.

State tax money3.1%

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

From the state
3.1%$169 thousand

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$7 thousand

Fines and other1.4%

Interest, rents and other
1.2%$65 thousand
Fines
0.2%$12 thousand

Where it goes

Water, sewer, trash and utilities49%Running the government and other costs15%Parks, recreation and libraries12%Police, fire, courts and jails11%Roads, transit and parking9.5%All other spending2.4%

What stands out

12%

of Elk Point'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%

Water, sewer, trash and utilities
49%$1.8 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$968 thousand
  • Sewer systems$318 thousand
  • Water supply$283 thousand
  • Garbage and solid waste$192 thousand
Running the government and other costs
15%$549 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$361 thousand
  • Other and not broken out$101 thousand
  • Central staff services (personnel, purchasing, technology)$45 thousand
  • Other government-run businesses$42 thousand
Parks, recreation and libraries
12%$427 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$390 thousand
  • Libraries$37 thousand
Police, fire, courts and jails
11%$404 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$398 thousand
  • Fire protection$6 thousand
Roads, transit and parking
9.5%$340 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$340 thousand
Interest on debt
2.4%$84 thousand
Health and hospitals
<0.1%$2 thousand
What's in health and hospitalsPublic health
  • Public health$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Elk Point. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Elk Point 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.