Town government · Richmond County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Hoffman took in $222 thousand and spent $333 thousand.

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

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Where it comes from

State tax money35%County and local tax money29%Town taxes20%Fees for services (sewer, parks and recreation)15%Fines and other0.9%

What stands out

29%

of Hoffman's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes20%

Property tax
20%$44 thousand

Fees for services15%

Fees for services
15%$33 thousand
What's in fees for servicesSewer; parks and recreation and 1 more
  • Sewer$20 thousand
  • Parks and recreation$9 thousand
  • Other government-run businesses$4 thousand

Amounts are by Census type of charge.

State tax money35%

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

From the state
35%$78 thousand

County and local tax money29%

Money passed on by the county or other local governments.

From the county and other local governments
29%$65 thousand

Fines and other0.9%

Interest, rents and other
0.9%$2 thousand

Where it goes

Running the government and other costs63%Water, sewer, trash and utilities21%Roads, transit and parking8.7%Parks, recreation and libraries6.9%

What stands out

63%

of Hoffman's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
63%$211 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$211 thousand
Water, sewer, trash and utilities
21%$70 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$52 thousand
  • Garbage and solid waste$18 thousand
Roads, transit and parking
8.7%$29 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$29 thousand
Parks, recreation and libraries
6.9%$23 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$23 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hoffman. 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 Hoffman 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.