Town government · Sunflower County, MS

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

In the latest recorded fiscal year (ended September 30, 2021), Inverness took in $894 thousand and spent $625 thousand.

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

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Where it comes from

Town taxes46%Fees for services (water, sewer)32%Federal tax money14%State tax money7.5%Fines and other0.6%

What stands out

14%

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

Town taxes46%

Property tax
40%$355 thousand
Other taxes
6.2%$55 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$55 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$288 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$150 thousand
  • Sewer$69 thousand
  • Garbage collection$69 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$124 thousand

State tax money7.5%

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

From the state
7.5%$67 thousand

Fines and other0.6%

Fines
0.4%$4 thousand
Interest, rents and other
0.1%$1 thousand

Where it goes

Police, fire, courts and jails32%Water, sewer, trash and utilities32%Running the government and other costs27%Roads, transit and parking5.0%Parks, recreation and libraries2.9%Interest on debt1.0%

What stands out

32%

of Inverness' spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
32%$202 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$177 thousand
  • Fire protection$23 thousand
  • Courts and legal services$2 thousand
Water, sewer, trash and utilities
32%$198 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$108 thousand
  • Garbage and solid waste$58 thousand
  • Sewer systems$32 thousand
Running the government and other costs
27%$170 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$112 thousand
  • Other and not broken out$58 thousand
Roads, transit and parking
5.0%$31 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$31 thousand
Parks, recreation and libraries
2.9%$18 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$10 thousand
  • Parks and recreation$8 thousand
Interest on debt
1.0%$6 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Inverness. 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 Inverness 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.