Town government · Martin County, NC

Oak City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Oak City took in $697 thousand and spent $634 thousand.

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

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Where it comes from

Fees for services (electric power)68%Town taxes19%State tax money5.9%Fines and other5.9%County and local tax money0.6%

What stands out

68%

of Oak City's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Town taxes19%

Property tax
13%$92 thousand
Sales tax
6.2%$43 thousand

Fees for services68%

Fees for services
68%$476 thousand
What's in fees for servicesElectric power and other government-run businesses
  • Electric power$474 thousand
  • Other government-run businesses$2 thousand

Amounts are by Census type of charge.

State tax money5.9%

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

From the state
5.9%$41 thousand

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$4 thousand

Fines and other5.9%

Interest, rents and other
5.9%$41 thousand

Where it goes

Water, sewer, trash and utilities72%Running the government and other costs23%Police, fire, courts and jails2.7%Parks, recreation and libraries1.4%Health and hospitals0.3%All other spending0.5%

What stands out

72%

of Oak City's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
72%$457 thousand
What's in water, sewer, trash and utilitiesElectric power
  • Electric power$457 thousand
Running the government and other costs
23%$146 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$91 thousand
  • Central staff services (personnel, purchasing, technology)$39 thousand
  • Finance, tax collection and budgeting$15 thousand
  • Government buildings$1 thousand
Police, fire, courts and jails
2.7%$17 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$17 thousand
Parks, recreation and libraries
1.4%$9 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$9 thousand
Health and hospitals
0.3%$2 thousand
What's in health and hospitalsPublic health
  • Public health$2 thousand
Roads, transit and parking
0.3%$2 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2 thousand
Sent to other local governments
0.2%$1 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$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Oak City. 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 Oak City 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.