City government · Cleveland County, NC

Kings Mountain's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Kings Mountain took in $56.5 million and spent $53.7 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, gas)64%City taxes26%State tax money5.2%Fines and other4.0%County and local tax money1.1%

What stands out

64%

of Kings Mountain's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes26%

Property tax
18%$10.2 million
Sales tax
6.1%$3.5 million
Other taxes
1.8%$1.0 million
What's in other taxesOccupation and business licenses; other selective sales taxes and 2 more
  • Occupation and business licenses$603 thousand
  • Other selective sales taxes$194 thousand
  • Alcoholic beverage taxes$181 thousand
  • Other licenses$23 thousand

Amounts are by Census tax category.

Fees for services64%

Fees for services
64%$36.0 million
What's in fees for servicesElectric power; gas and 7 more
  • Electric power$16.8 million
  • Gas$5.4 million
  • Water$5.3 million
  • Sewer$3.7 million
  • Liquor stores$2.2 million
  • Garbage collection$1.8 million
  • Parks and recreation$501 thousand
  • Other government-run businesses$182 thousand
  • Other service charges$22 thousand

Amounts are by Census type of charge.

State tax money5.2%

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

From the state
5.2%$2.9 million

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$639 thousand

Fines and other4.0%

Interest, rents and other
4.0%$2.3 million

Where it goes

Water, sewer, trash and utilities58%Police, fire, courts and jails16%Roads, transit and parking9.1%Parks, recreation and libraries6.6%Running the government and other costs6.2%All other spending3.9%

What stands out

58%

of Kings Mountain's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
58%$31.4 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 4 more
  • Electric power$13.9 million
  • Gas supply$5.7 million
  • Sewer systems$4.5 million
  • Water supply$3.7 million
  • Liquor stores$2.0 million
  • Garbage and solid waste$1.6 million
Police, fire, courts and jails
16%$8.5 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$5.6 million
  • Fire protection$2.4 million
  • Inspections and regulation$489 thousand
Roads, transit and parking
9.1%$4.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.9 million
Parks, recreation and libraries
6.6%$3.5 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.7 million
  • Libraries$868 thousand
Running the government and other costs
6.2%$3.3 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$1.9 million
  • Finance, tax collection and budgeting$1.1 million
  • Central staff services (personnel, purchasing, technology)$308 thousand
Housing and community development
2.8%$1.5 million
Interest on debt
0.5%$288 thousand
What's in interest on debtInterest on electric power debt; interest on general debt and 2 more
  • Interest on electric power debt$181 thousand
  • Interest on general debt$52 thousand
  • Interest on gas supply debt$51 thousand
  • Interest on water supply debt$4 thousand
Environment and natural resources
0.5%$278 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$278 thousand
Health and hospitals
<0.1%$30 thousand
What's in health and hospitalsPublic health
  • Public health$30 thousand
Sent to other local governments
<0.1%$8 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$8 thousand
Sources and moreWhere these numbers come from and what they cover

City of Kings Mountain. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City of Kings Mountain 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.