Town government · Stanly County, NC

Oakboro's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Oakboro took in $8.1 million and spent $3.2 million.

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

See every government that serves your ZIP

Where it comes from

Federal tax money53%Town taxes20%Fees for services (sewer, water)18%State tax money7.1%Fines and other1.7%

What stands out

53%

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

Town taxes20%

Property tax
11%$931 thousand
Sales tax
8.7%$709 thousand
Other taxes
<0.1%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services18%

Fees for services
18%$1.5 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$691 thousand
  • Water$685 thousand
  • Garbage collection$78 thousand
  • Other government-run businesses$16 thousand
  • Other service charges$14 thousand

Amounts are by Census type of charge.

Federal tax money53%

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

From the federal government
53%$4.3 million

State tax money7.1%

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

From the state
7.1%$577 thousand

Fines and other1.7%

Interest, rents and other
1.7%$138 thousand

Where it goes

Water, sewer, trash and utilities39%Police, fire, courts and jails25%Running the government and other costs15%Parks, recreation and libraries10%Roads, transit and parking7.3%Interest on debt4.8%

What stands out

25%

of Oakboro'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
39%$1.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$549 thousand
  • Water supply$515 thousand
  • Garbage and solid waste$162 thousand
Police, fire, courts and jails
25%$790 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$671 thousand
  • Fire protection$119 thousand
Running the government and other costs
15%$463 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other government-run businesses
  • Central staff services (personnel, purchasing, technology)$435 thousand
  • Other government-run businesses$28 thousand
Parks, recreation and libraries
10%$317 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$317 thousand
Roads, transit and parking
7.3%$231 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$231 thousand
Interest on debt
4.8%$154 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Oakboro. 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 Oakboro 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.