Town government · Putnam County, WV

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

In the latest recorded fiscal year (ended June 30, 2022), Bancroft took in $124 thousand and spent $84 thousand.

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

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Where it comes from

Fines and other47%Town taxes44%Fees for services3.2%County and local tax money3.2%State tax money2.4%

What stands out

47%

of Bancroft's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Town taxes44%

Other taxes
27%$34 thousand
What's in other taxesOccupation and business licenses and public utility taxes
  • Occupation and business licenses$20 thousand
  • Public utility taxes$14 thousand

Amounts are by Census tax category.

Property tax
17%$21 thousand

Fees for services3.2%

Fees for services
3.2%$4 thousand
What's in fees for servicesOther service charges
  • Other service charges$4 thousand

Amounts are by Census type of charge.

State tax money2.4%

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

From the state
2.4%$3 thousand

County and local tax money3.2%

Money passed on by the county or other local governments.

From the county and other local governments
3.2%$4 thousand

Fines and other47%

Interest, rents and other
47%$58 thousand

Where it goes

Running the government and other costs82%Roads, transit and parking9.5%Parks, recreation and libraries8.3%

What stands out

82%

of Bancroft'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
82%$69 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$69 thousand
Roads, transit and parking
9.5%$8 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8 thousand
Parks, recreation and libraries
8.3%$7 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$7 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Bancroft. 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 Town of Bancroft 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.