Town government · Cleveland County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Belwood took in $107 thousand and spent $124 thousand.

Latest recorded year: ended June 30, 2022Comes from Goes to

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Where it comes from

Town taxes45%State tax money35%Fines and other13%County and local tax money7.5%

What stands out

14%

of Belwood's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes45%

Property tax

31%$33 thousand

Sales tax

14%$15 thousand

State tax money35%

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

From the state

35%$37 thousand

County and local tax money7.5%

Money passed on by the county or other local governments.

From the county and other local governments

7.5%$8 thousand

Fines and other13%

Interest, rents and other

13%$14 thousand

Where it goes

Parks, recreation and libraries88%Running the government and other costs12%

What stands out

88%

of Belwood's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Parks, recreation and libraries

88%$109 thousand

What's in parks, recreation and librariesParks and recreation

Parks and recreation$109 thousand

Running the government and other costs

12%$15 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)$7 thousand
Finance, tax collection and budgeting$6 thousand
Other and not broken out$2 thousand

Sources and moreWhere these numbers come from and what they cover

Town of Belwood. 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 Town of Belwood 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.