Town government · Surry County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Elkin took in $8.2 million and spent $6.8 million.

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

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Where it comes from

Town taxes56%Fees for services (water, garbage collection)32%State tax money6.7%Fines and other5.3%

What stands out

21%

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

Town taxes56%

Property tax
35%$2.9 million
Sales tax
21%$1.7 million
Other taxes
0.3%$28 thousand
What's in other taxesOther licenses; motor vehicle licenses and 1 more
  • Other licenses$17 thousand
  • Motor vehicle licenses$8 thousand
  • Occupation and business licenses$3 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$2.6 million
What's in fees for servicesWater; garbage collection and 3 more
  • Water$1.8 million
  • Garbage collection$277 thousand
  • Parks and recreation$220 thousand
  • Airport$176 thousand
  • Other service charges$105 thousand

Amounts are by Census type of charge.

State tax money6.7%

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

From the state
6.7%$552 thousand

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$4 thousand

Fines and other5.3%

Interest, rents and other
5.3%$437 thousand

Where it goes

Police, fire, courts and jails32%Water, sewer, trash and utilities22%Running the government and other costs16%Roads, transit and parking13%Parks, recreation and libraries12%All other spending5.6%

What stands out

32%

of Elkin's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
32%$2.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.6 million
  • Fire protection$558 thousand
  • Courts and legal services$24 thousand
Water, sewer, trash and utilities
22%$1.5 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$1.3 million
  • Garbage and solid waste$227 thousand
Running the government and other costs
16%$1.1 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 3 more
  • Other and not broken out$395 thousand
  • Finance, tax collection and budgeting$320 thousand
  • Central staff services (personnel, purchasing, technology)$255 thousand
  • Government buildings$75 thousand
  • Other government-run businesses$23 thousand
Roads, transit and parking
13%$900 thousand
What's in roads, transit and parkingRoads and highways; airports and 1 more
  • Roads and highways$617 thousand
  • Airports$214 thousand
  • Public transit$69 thousand
Parks, recreation and libraries
12%$793 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$712 thousand
  • Libraries$81 thousand
Housing and community development
4.9%$331 thousand
Interest on debt
0.7%$48 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Elkin. 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 Elkin 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.