City government · Floyd County, KY

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

In the latest recorded fiscal year (ended June 30, 2022), Wayland took in $191 thousand and spent $179 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

State tax money53%City taxes40%Fines and other5.8%Fees for services0.5%

What stands out

40%

of Wayland's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

City taxes40%

Other taxes
40%$76 thousand
What's in other taxesInsurance premium taxes; other licenses and 3 more
  • Insurance premium taxes$37 thousand
  • Other licenses$17 thousand
  • Public utility taxes$12 thousand
  • Alcoholic beverage licenses$7 thousand
  • Other selective sales taxes$3 thousand

Amounts are by Census tax category.

Property tax
0.5%$1 thousand

Fees for services0.5%

Fees for services
0.5%$1 thousand
What's in fees for servicesOther government-run businesses
  • Other government-run businesses$1 thousand

Amounts are by Census type of charge.

State tax money53%

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

From the state
53%$102 thousand

Fines and other5.8%

Interest, rents and other
5.8%$11 thousand

Where it goes

Parks, recreation and libraries50%Running the government and other costs28%Police, fire, courts and jails22%

What stands out

50%

of Wayland's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Parks, recreation and libraries
50%$90 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$90 thousand
Running the government and other costs
28%$50 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$50 thousand
Police, fire, courts and jails
22%$39 thousand
What's in police, fire, courts and jailsPolice
  • Police$39 thousand
Sources and moreWhere these numbers come from and what they cover

City of Wayland. 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 Wayland 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.