Town government · Nash County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Sharpsburg took in $5.5 million and spent $5.4 million.

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

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Where it comes from

Fees for services (electric power, water)79%Town taxes17%State tax money3.5%Fines and other0.6%

What stands out

79%

of Sharpsburg'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 taxes17%

Sales tax
8.3%$458 thousand
Property tax
8.3%$454 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 services79%

Fees for services
79%$4.4 million
What's in fees for servicesElectric power; water and 3 more
  • Electric power$2.4 million
  • Water$1.6 million
  • Garbage collection$306 thousand
  • Other government-run businesses$22 thousand
  • Other service charges$4 thousand

Amounts are by Census type of charge.

State tax money3.5%

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

From the state
3.5%$193 thousand

Fines and other0.6%

Interest, rents and other
0.6%$33 thousand

Where it goes

Water, sewer, trash and utilities70%Roads, transit and parking12%Police, fire, courts and jails11%Running the government and other costs5.0%Interest on debt1.5%Parks, recreation and libraries0.5%

What stands out

70%

of Sharpsburg'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
70%$3.8 million
What's in water, sewer, trash and utilitiesElectric power and water supply
  • Electric power$2.4 million
  • Water supply$1.4 million
Roads, transit and parking
12%$625 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$625 thousand
Police, fire, courts and jails
11%$605 thousand
What's in police, fire, courts and jailsPolice
  • Police$605 thousand
Running the government and other costs
5.0%$273 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$144 thousand
  • Finance, tax collection and budgeting$129 thousand
Interest on debt
1.5%$82 thousand
What's in interest on debtInterest on water supply debt; interest on general debt and 1 more
  • Interest on water supply debt$66 thousand
  • Interest on general debt$10 thousand
  • Interest on electric power debt$6 thousand
Parks, recreation and libraries
0.5%$25 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$25 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Sharpsburg. 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 Sharpsburg 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.