City government · Putnam County, TN

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

In the latest recorded fiscal year (ended June 30, 2024), Algood took in $7.3 million and spent $9.2 million.

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

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Where it comes from

City taxes45%Fees for services (water, sewer)39%Federal tax money8.3%Fines and other4.5%State tax money2.4%County and local tax money1.4%

What stands out

37%

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

City taxes45%

Sales tax
37%$2.7 million
Property tax
5.4%$391 thousand
Other taxes
2.4%$177 thousand
What's in other taxesOccupation and business licenses; alcoholic beverage taxes and 1 more
  • Occupation and business licenses$171 thousand
  • Alcoholic beverage taxes$5 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$2.8 million
What's in fees for servicesWater; sewer and 1 more
  • Water$1.9 million
  • Sewer$711 thousand
  • Garbage collection$250 thousand

Amounts are by Census type of charge.

Federal tax money8.3%

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

From the federal government
8.3%$600 thousand

State tax money2.4%

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

From the state
2.4%$175 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%$105 thousand

Fines and other4.5%

Interest, rents and other
3.5%$253 thousand
Fines
1.0%$72 thousand

Where it goes

Water, sewer, trash and utilities43%Running the government and other costs26%Police, fire, courts and jails19%Roads, transit and parking6.4%Parks, recreation and libraries5.0%Interest on debt0.9%

What stands out

19%

of Algood'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%

Water, sewer, trash and utilities
43%$3.9 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$2.3 million
  • Sewer systems$1.4 million
  • Garbage and solid waste$204 thousand
Running the government and other costs
26%$2.4 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$1.7 million
  • Other and not broken out$685 thousand
Police, fire, courts and jails
19%$1.7 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.5 million
  • Fire protection$149 thousand
  • Courts and legal services$33 thousand
Roads, transit and parking
6.4%$589 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$589 thousand
Parks, recreation and libraries
5.0%$462 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$462 thousand
Interest on debt
0.9%$79 thousand
Sources and moreWhere these numbers come from and what they cover

City of Algood. 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 Algood 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.