City government · Bath County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Sharpsburg took in $231 thousand and spent $266 thousand.

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

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Where it comes from

City taxes37%Fees for services (sewer)34%State tax money27%Fines and other2.2%

What stands out

21%

of Sharpsburg's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes37%

Individual income tax
21%$49 thousand
Property tax
12%$27 thousand
Other taxes
4.3%$10 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$10 thousand

Amounts are by Census tax category.

Fees for services34%

Fees for services
34%$78 thousand
What's in fees for servicesSewer and other service charges
  • Sewer$72 thousand
  • Other service charges$6 thousand

Amounts are by Census type of charge.

State tax money27%

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

From the state
27%$62 thousand

Fines and other2.2%

Interest, rents and other
2.2%$5 thousand

Where it goes

Running the government and other costs89%Water, sewer, trash and utilities8.3%Interest on debt1.9%Parks, recreation and libraries1.1%

What stands out

89%

of Sharpsburg'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
89%$236 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$236 thousand
Water, sewer, trash and utilities
8.3%$22 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$22 thousand
Interest on debt
1.9%$5 thousand
Parks, recreation and libraries
1.1%$3 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Sharpsburg. 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 Sharpsburg 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.