City government · Ector County, TX

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

In the latest recorded fiscal year (ended June 30, 2022), Goldsmith took in $1.0 million and spent $401 thousand.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)97%City taxes3.3%

What stands out

97%

of Goldsmith'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%.

City taxes3.3%

Property tax
2.9%$30 thousand
Other taxes
0.4%$4 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$4 thousand

Amounts are by Census tax category.

Fees for services97%

Fees for services
97%$995 thousand
What's in fees for servicesElectric power; water and 4 more
  • Electric power$618 thousand
  • Water$138 thousand
  • Garbage collection$77 thousand
  • Sewer$66 thousand
  • Other service charges$54 thousand
  • Gas$42 thousand

Amounts are by Census type of charge.

Where it goes

Running the government and other costs100%

What stands out

100%

of Goldsmith's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
100%$401 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$228 thousand
  • Central staff services (personnel, purchasing, technology)$161 thousand
  • Finance, tax collection and budgeting$12 thousand
Sources and moreWhere these numbers come from and what they cover

City of Goldsmith. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Goldsmith 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.