Town government · Wake County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Apex took in $213 million and spent $179 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, sewer)49%Town taxes39%Fines and other6.6%State tax money3.3%County and local tax money1.9%

What stands out

49%

of Apex's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 50,000+ people gets 30%.

Town taxes39%

Property tax
24%$51.5 million
Sales tax
10%$22.2 million
Other taxes
4.5%$9.5 million
What's in other taxesMotor vehicle licenses; occupation and business licenses and 1 more
  • Motor vehicle licenses$5.3 million
  • Occupation and business licenses$4.2 million
  • Other licenses$54 thousand

Amounts are by Census tax category.

Fees for services49%

Fees for services
49%$104 million
What's in fees for servicesElectric power; sewer and 4 more
  • Electric power$60.1 million
  • Sewer$19.1 million
  • Water$11.4 million
  • Garbage collection$6.9 million
  • Parks and recreation$6.7 million
  • Other government-run businesses$116 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$12 thousand

State tax money3.3%

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

From the state
3.3%$7.0 million

County and local tax money1.9%

Money passed on by the county or other local governments.

From the county and other local governments
1.9%$4.0 million

Fines and other6.6%

Interest, rents and other
6.6%$14.0 million
Fines
<0.1%$5 thousand

Where it goes

Water, sewer, trash and utilities43%Police, fire, courts and jails23%Running the government and other costs14%Parks, recreation and libraries9.3%Roads, transit and parking8.0%Interest on debt1.9%

What stands out

43%

of Apex's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 50,000+ people spends 20%.

Spending by category100%

Water, sewer, trash and utilities
43%$77.8 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 2 more
  • Electric power$47.5 million
  • Sewer systems$12.2 million
  • Water supply$10.6 million
  • Garbage and solid waste$7.4 million
Police, fire, courts and jails
23%$42.0 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$19.3 million
  • Fire protection$17.2 million
  • Inspections and regulation$4.8 million
  • Courts and legal services$628 thousand
Running the government and other costs
14%$25.0 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$17.6 million
  • Other and not broken out$3.3 million
  • Government buildings$2.1 million
  • Finance, tax collection and budgeting$2.0 million
Parks, recreation and libraries
9.3%$16.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$16.6 million
Roads, transit and parking
8.0%$14.4 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$8.5 million
  • Public transit$5.3 million
  • Parking$622 thousand
Interest on debt
1.9%$3.4 million
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$2.8 million
  • Interest on water supply debt$455 thousand
  • Interest on electric power debt$184 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Apex. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Apex 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.