City government · Randolph County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Asheboro took in $71.4 million and spent $68.9 million.

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

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Where it comes from

City taxes52%Fees for services (sewer, water)33%State tax money7.0%Fines and other5.8%County and local tax money2.1%Federal tax money0.2%

What stands out

15%

of Asheboro's money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes52%

Property tax
35%$25.0 million
Sales tax
15%$10.7 million
Other taxes
2.0%$1.4 million
What's in other taxesAlcoholic beverage taxes; occupation and business licenses and 2 more
  • Alcoholic beverage taxes$780 thousand
  • Occupation and business licenses$604 thousand
  • Motor vehicle licenses$63 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$23.6 million
What's in fees for servicesSewer; water and 5 more
  • Sewer$7.9 million
  • Water$7.5 million
  • Liquor stores$4.5 million
  • Garbage collection$2.9 million
  • Parks and recreation$678 thousand
  • Airport$71 thousand
  • Other government-run businesses$47 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$136 thousand

State tax money7.0%

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

From the state
7.0%$5.0 million

County and local tax money2.1%

Money passed on by the county or other local governments.

From the county and other local governments
2.1%$1.5 million

Fines and other5.8%

Interest, rents and other
5.8%$4.2 million

Where it goes

Water, sewer, trash and utilities32%Police, fire, courts and jails30%Parks, recreation and libraries17%Running the government and other costs13%Roads, transit and parking7.5%All other spending0.7%

What stands out

17%

of Asheboro's spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Water, sewer, trash and utilities
32%$21.9 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 2 more
  • Water supply$9.1 million
  • Sewer systems$6.6 million
  • Liquor stores$3.7 million
  • Garbage and solid waste$2.4 million
Police, fire, courts and jails
30%$20.9 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$12.5 million
  • Fire protection$7.6 million
  • Inspections and regulation$606 thousand
  • Courts and legal services$204 thousand
Parks, recreation and libraries
17%$11.7 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$11.6 million
  • Libraries$160 thousand
Running the government and other costs
13%$8.8 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$7.4 million
  • Finance, tax collection and budgeting$674 thousand
  • Central staff services (personnel, purchasing, technology)$458 thousand
  • Government buildings$255 thousand
Roads, transit and parking
7.5%$5.2 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$3.0 million
  • Public transit$1.5 million
  • Airports$661 thousand
Housing and community development
0.4%$257 thousand
Interest on debt
0.2%$148 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$108 thousand
  • Interest on water supply debt$40 thousand
Health and hospitals
<0.1%$45 thousand
What's in health and hospitalsPublic health
  • Public health$45 thousand
Sent to other local governments
<0.1%$14 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$14 thousand
Sources and moreWhere these numbers come from and what they cover

City of Asheboro. 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 City of Asheboro 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.