City government · Fannin County, GA
Morganton's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Morganton took in $621 thousand and spent $160 thousand.
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Where it comes from
What stands out
of Morganton's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.
City taxes17%
What's in other taxesInsurance premium taxes; public utility taxes and 1 more
- Insurance premium taxes$23 thousand
- Public utility taxes$7 thousand
- Occupation and business licenses$4 thousand
Amounts are by Census tax category.
Fees for services73%
What's in fees for servicesWater; sewer and 2 more
- Water$263 thousand
- Sewer$176 thousand
- Garbage collection$10 thousand
- Other service charges$3 thousand
Amounts are by Census type of charge.
Federal tax money9.7%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money0.5%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other0.2%
Where it goes
What stands out
of Morganton'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%
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
- Finance, tax collection and budgeting$65 thousand
- Central staff services (personnel, purchasing, technology)$7 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$8 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
- Garbage and solid waste$8 thousand
Sources and moreWhere these numbers come from and what they cover
City of Morganton. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of City of Morganton 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.