Town government · Montgomery County, NC

Mount Gilead's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Mount Gilead took in $3.6 million and spent $3.3 million.

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

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Where it comes from

Fees for services (sewer, water)47%Town taxes29%State tax money17%Fines and other4.5%County and local tax money2.9%

What stands out

13%

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

Town taxes29%

Property tax
16%$597 thousand
Sales tax
13%$464 thousand
Other taxes
<0.1%$2 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$1 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services47%

Fees for services
47%$1.7 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$1.4 million
  • Water$222 thousand
  • Garbage collection$91 thousand
  • Parks and recreation$10 thousand
  • Other government-run businesses$3 thousand

Amounts are by Census type of charge.

State tax money17%

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

From the state
17%$603 thousand

County and local tax money2.9%

Money passed on by the county or other local governments.

From the county and other local governments
2.9%$106 thousand

Fines and other4.5%

Interest, rents and other
4.5%$164 thousand

Where it goes

Water, sewer, trash and utilities47%Police, fire, courts and jails23%Sent to other local governments9.0%Running the government and other costs7.2%Roads, transit and parking5.7%All other spending8.1%

What stands out

9%

of Mount Gilead's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
47%$1.5 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.1 million
  • Water supply$311 thousand
  • Garbage and solid waste$107 thousand
Police, fire, courts and jails
23%$769 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$668 thousand
  • Fire protection$101 thousand
Sent to other local governments
9.0%$297 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$296 thousand
  • Sent to the state government$1 thousand
Running the government and other costs
7.2%$237 thousand
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$191 thousand
  • Central staff services (personnel, purchasing, technology)$46 thousand
Roads, transit and parking
5.7%$189 thousand
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$183 thousand
  • Public transit$6 thousand
Parks, recreation and libraries
3.0%$99 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$94 thousand
  • Libraries$5 thousand
Environment and natural resources
2.5%$84 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$84 thousand
Housing and community development
1.7%$56 thousand
Interest on debt
0.9%$30 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$17 thousand
  • Interest on water supply debt$13 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Mount Gilead. 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 Town of Mount Gilead 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.