Town government · Columbus County, NC

Lake Waccamaw's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Lake Waccamaw took in $3.8 million and spent $2.9 million.

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

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Where it comes from

Fees for services (sewer, liquor stores)55%Town taxes30%State tax money12%Fines and other3.4%

What stands out

12%

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

Town taxes30%

Property tax
16%$592 thousand
Sales tax
12%$451 thousand
Other taxes
2.0%$74 thousand
What's in other taxesAlcoholic beverage taxes; other licenses and 1 more
  • Alcoholic beverage taxes$55 thousand
  • Other licenses$11 thousand
  • Occupation and business licenses$8 thousand

Amounts are by Census tax category.

Fees for services55%

Fees for services
55%$2.1 million
What's in fees for servicesSewer; liquor stores and 3 more
  • Sewer$719 thousand
  • Liquor stores$631 thousand
  • Water$415 thousand
  • Garbage collection$245 thousand
  • Other service charges$50 thousand

Amounts are by Census type of charge.

State tax money12%

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

From the state
12%$458 thousand

Fines and other3.4%

Interest, rents and other
3.4%$126 thousand

Where it goes

Water, sewer, trash and utilities46%Police, fire, courts and jails24%Running the government and other costs19%Roads, transit and parking6.8%Interest on debt3.3%All other spending0.7%

What stands out

24%

of Lake Waccamaw'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%

Water, sewer, trash and utilities
46%$1.3 million
What's in water, sewer, trash and utilitiesLiquor stores; sewer systems and 2 more
  • Liquor stores$557 thousand
  • Sewer systems$357 thousand
  • Water supply$217 thousand
  • Garbage and solid waste$210 thousand
Police, fire, courts and jails
24%$717 thousand
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$383 thousand
  • Police$248 thousand
  • Inspections and regulation$86 thousand
Running the government and other costs
19%$564 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$548 thousand
  • Central staff services (personnel, purchasing, technology)$9 thousand
  • Other and not broken out$7 thousand
Roads, transit and parking
6.8%$200 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$200 thousand
Interest on debt
3.3%$97 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$58 thousand
  • Interest on general debt$39 thousand
Parks, recreation and libraries
0.5%$15 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$15 thousand
Health and hospitals
0.1%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sent to other local governments
<0.1%$2 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$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lake Waccamaw. 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 Lake Waccamaw 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.