Town government · Marengo County, AL

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

In the latest recorded fiscal year (ended September 30, 2021), Myrtlewood took in $1.3 million and spent $858 thousand.

Latest recorded year: ended September 30, 2021Comes fromGoes to

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Where it comes from

Fees for services (water)67%Federal tax money23%Town taxes6.9%Fines and other1.7%State tax money1.1%County and local tax money<0.1%

What stands out

23%

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

Town taxes6.9%

Other taxes
4.7%$62 thousand
What's in other taxesPublic utility taxes; motor fuel taxes and 1 more
  • Public utility taxes$35 thousand
  • Motor fuel taxes$21 thousand
  • Occupation and business licenses$6 thousand

Amounts are by Census tax category.

Sales tax
1.6%$21 thousand
Property tax
0.7%$9 thousand

Fees for services67%

Fees for services
67%$890 thousand
What's in fees for servicesWater
  • Water$890 thousand

Amounts are by Census type of charge.

Federal tax money23%

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

From the federal government
23%$313 thousand

State tax money1.1%

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

From the state
1.1%$14 thousand

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$1 thousand

Fines and other1.7%

Interest, rents and other
1.7%$23 thousand

Where it goes

Water, sewer, trash and utilities67%Interest on debt21%Running the government and other costs11%Police, fire, courts and jails0.8%Parks, recreation and libraries0.7%

What stands out

21%

of Myrtlewood's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
67%$574 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$574 thousand
Interest on debt
21%$176 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$174 thousand
  • Interest on general debt$2 thousand
Running the government and other costs
11%$95 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$71 thousand
  • Government buildings$13 thousand
  • Central staff services (personnel, purchasing, technology)$7 thousand
  • Finance, tax collection and budgeting$4 thousand
Police, fire, courts and jails
0.8%$7 thousand
What's in police, fire, courts and jailsPolice
  • Police$7 thousand
Parks, recreation and libraries
0.7%$6 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$6 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Myrtlewood. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Myrtlewood 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.