Village government · Otsego County, NY

Cherry Valley's money: where it comes from and where it goes

In the latest recorded fiscal year (ended May 31, 2022), Cherry Valley took in $440 thousand and spent $433 thousand.

Latest recorded year: ended May 31, 2022Comes fromGoes to

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Where it comes from

Village taxes47%Fees for services (water)26%State tax money10%County and local tax money8.9%Federal tax money5.7%Fines and other3.2%

What stands out

44%

of Cherry Valley's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes47%

Property tax
44%$194 thousand
Other taxes
2.5%$11 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$10 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$113 thousand
What's in fees for servicesWater; other government-run businesses and 1 more
  • Water$99 thousand
  • Other government-run businesses$13 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

Federal tax money5.7%

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

From the federal government
5.7%$25 thousand

State tax money10%

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

From the state
10%$44 thousand

County and local tax money8.9%

Money passed on by the county or other local governments.

From the county and other local governments
8.9%$39 thousand

Fines and other3.2%

Interest, rents and other
3.2%$14 thousand

Where it goes

Water, sewer, trash and utilities32%Running the government and other costs28%Roads, transit and parking27%Interest on debt8.1%Parks, recreation and libraries3.5%Police, fire, courts and jails0.9%

What stands out

27%

of Cherry Valley's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
32%$138 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$94 thousand
  • Garbage and solid waste$44 thousand
Running the government and other costs
28%$122 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$72 thousand
  • Finance, tax collection and budgeting$21 thousand
  • Other government-run businesses$13 thousand
  • Central staff services (personnel, purchasing, technology)$11 thousand
  • Government buildings$5 thousand
Roads, transit and parking
27%$119 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$119 thousand
Interest on debt
8.1%$35 thousand
Parks, recreation and libraries
3.5%$15 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$14 thousand
  • Libraries$1 thousand
Police, fire, courts and jails
0.9%$4 thousand
What's in police, fire, courts and jailsCourts and legal services
  • Courts and legal services$4 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Cherry Valley. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended May 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Cherry Valley 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.