Town government · Pike County, MS

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

In the latest recorded fiscal year (ended September 30, 2021), Summit took in $1.9 million and spent $1.8 million.

Latest recorded year: ended September 30, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (water, sewer)42%State tax money33%Town taxes25%Fines and other0.6%

What stands out

33%

of Summit's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Town taxes25%

Property tax
22%$433 thousand
Other taxes
2.7%$52 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$50 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$812 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$329 thousand
  • Sewer$318 thousand
  • Garbage collection$140 thousand
  • Other service charges$25 thousand

Amounts are by Census type of charge.

State tax money33%

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

From the state
33%$633 thousand

Fines and other0.6%

Fines
0.5%$9 thousand
Interest, rents and other
0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities39%Police, fire, courts and jails30%Running the government and other costs17%Roads, transit and parking11%Interest on debt3.2%

What stands out

30%

of Summit's 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%

Water, sewer, trash and utilities
39%$706 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$297 thousand
  • Sewer systems$271 thousand
  • Garbage and solid waste$138 thousand
Police, fire, courts and jails
30%$550 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$318 thousand
  • Police$203 thousand
  • Courts and legal services$29 thousand
Running the government and other costs
17%$303 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
  • Central staff services (personnel, purchasing, technology)$155 thousand
  • Finance, tax collection and budgeting$132 thousand
  • Other and not broken out$16 thousand
Roads, transit and parking
11%$207 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$207 thousand
Interest on debt
3.2%$58 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$43 thousand
  • Interest on general debt$15 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Summit. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. 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 Town of Summit 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.