Town government · Avery County, NC

Elk Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Elk Park took in $816 thousand and spent $631 thousand.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Town taxes46%Fees for services (sewer, electric power)37%State tax money16%Fines and other1.2%

What stands out

37%

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

Town taxes46%

Sales tax
37%$302 thousand
Property tax
8.9%$73 thousand

Fees for services37%

Fees for services
37%$302 thousand
What's in fees for servicesSewer and electric power
  • Sewer$151 thousand
  • Electric power$151 thousand

Amounts are by Census type of charge.

State tax money16%

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

From the state
16%$129 thousand

Fines and other1.2%

Interest, rents and other
1.2%$10 thousand

Where it goes

Water, sewer, trash and utilities53%Roads, transit and parking23%Running the government and other costs19%Interest on debt3.5%Police, fire, courts and jails2.1%

What stands out

23%

of Elk Park'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
53%$334 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$167 thousand
  • Water supply$167 thousand
Roads, transit and parking
23%$144 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$144 thousand
Running the government and other costs
19%$118 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$118 thousand
Interest on debt
3.5%$22 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$17 thousand
  • Interest on water supply debt$5 thousand
Police, fire, courts and jails
2.1%$13 thousand
What's in police, fire, courts and jailsPolice
  • Police$13 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Elk Park. 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 Elk Park 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.