Town government · Carteret County, NC

Indian Beach's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Indian Beach took in $2.4 million and spent $2.2 million.

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

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Where it comes from

Town taxes94%Fines and other2.2%Fees for services (hospital bills)2.1%State tax money1.4%Federal tax money0.3%

What stands out

28%

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

Town taxes94%

Property tax
61%$1.5 million
Sales tax
28%$671 thousand
Other taxes
5.0%$121 thousand
What's in other taxesOther licenses
  • Other licenses$121 thousand

Amounts are by Census tax category.

Fees for services2.1%

Fees for services
2.1%$50 thousand
What's in fees for servicesHospital bills and other government-run businesses
  • Hospital bills$41 thousand
  • Other government-run businesses$9 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
0.3%$8 thousand

State tax money1.4%

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

From the state
1.4%$35 thousand

Fines and other2.2%

Interest, rents and other
2.2%$53 thousand

Where it goes

Police, fire, courts and jails85%Running the government and other costs15%Interest on debt0.4%

What stands out

85%

of Indian Beach'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
85%$1.9 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$1.4 million
  • Police$497 thousand
Running the government and other costs
15%$331 thousand
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$179 thousand
  • Central staff services (personnel, purchasing, technology)$152 thousand
Interest on debt
0.4%$10 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Indian Beach. 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 Indian Beach 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.