City government · Gaston County, NC
Belmont's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Belmont took in $4.4 million and spent $3.9 million.
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Where it comes from
What stands out
of Belmont's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.
City taxes3.5%
What's in other taxesAlcoholic beverage taxes
- Alcoholic beverage taxes$153 thousand
Amounts are by Census tax category.
Fees for services97%
What's in fees for servicesLiquor stores
- Liquor stores$4.3 million
Amounts are by Census type of charge.
Where it goes
What stands out
of Belmont's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.
Spending by category100%
What's in water, sewer, trash and utilitiesLiquor stores
- Liquor stores$3.7 million
What's in health and hospitalsPublic health
- Public health$31 thousand
What's in police, fire, courts and jailsPolice
- Police$22 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$12 thousand
Sources and moreWhere these numbers come from and what they cover
City of Belmont. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of City of Belmont 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.