Town government · Polk County, AR

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

In the latest recorded fiscal year (ended December 31, 2021), Cove took in $506 thousand and spent $191 thousand.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Town taxes37%Fees for services (water, sewer)25%County and local tax money22%State tax money15%Fines and other0.8%

What stands out

35%

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

Town taxes37%

Sales tax
35%$178 thousand
Other taxes
1.2%$6 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$6 thousand

Amounts are by Census tax category.

Property tax
1.0%$5 thousand

Fees for services25%

Fees for services
25%$125 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$81 thousand
  • Sewer$37 thousand
  • Other service charges$7 thousand

Amounts are by Census type of charge.

State tax money15%

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

From the state
15%$75 thousand

County and local tax money22%

Money passed on by the county or other local governments.

From the county and other local governments
22%$113 thousand

Fines and other0.8%

Interest, rents and other
0.8%$4 thousand

Where it goes

Running the government and other costs64%Water, sewer, trash and utilities28%Interest on debt5.2%Parks, recreation and libraries2.1%

What stands out

64%

of Cove'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
64%$123 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$88 thousand
  • Central staff services (personnel, purchasing, technology)$31 thousand
  • Government buildings$4 thousand
Water, sewer, trash and utilities
28%$54 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$34 thousand
  • Sewer systems$20 thousand
Interest on debt
5.2%$10 thousand
Parks, recreation and libraries
2.1%$4 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Cove. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Cove 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.