Town government · McDowell County, NC

Old Fort's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Old Fort took in $2.0 million and spent $1.5 million.

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

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Where it comes from

Town taxes37%Fees for services (water, sewer)31%State tax money21%Fines and other9.2%County and local tax money2.1%

What stands out

14%

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

Town taxes37%

Property tax
23%$462 thousand
Sales tax
14%$280 thousand
Other taxes
0.1%$3 thousand
What's in other taxesOther licenses
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services31%

Fees for services
31%$630 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$376 thousand
  • Sewer$203 thousand
  • Garbage collection$34 thousand
  • Other government-run businesses$17 thousand

Amounts are by Census type of charge.

State tax money21%

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

From the state
21%$420 thousand

County and local tax money2.1%

Money passed on by the county or other local governments.

From the county and other local governments
2.1%$42 thousand

Fines and other9.2%

Interest, rents and other
9.2%$186 thousand

Where it goes

Water, sewer, trash and utilities34%Running the government and other costs25%Police, fire, courts and jails19%Roads, transit and parking16%Parks, recreation and libraries2.7%All other spending3.1%

What stands out

19%

of Old Fort'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
34%$519 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$369 thousand
  • Sewer systems$121 thousand
  • Garbage and solid waste$29 thousand
Running the government and other costs
25%$388 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$388 thousand
Police, fire, courts and jails
19%$283 thousand
What's in police, fire, courts and jailsPolice
  • Police$283 thousand
Roads, transit and parking
16%$250 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$250 thousand
Parks, recreation and libraries
2.7%$42 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$42 thousand
Interest on debt
2.0%$31 thousand
Housing and community development
1.0%$16 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Old Fort. 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 Old Fort 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.