Town government · Guilford County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Summerfield took in $1.4 million and spent $2.0 million.

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

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Where it comes from

Town taxes91%Fines and other6.3%Fees for services (parks and recreation)2.5%

What stands out

47%

of Summerfield's money comes from taxes other than property, sales and income taxes.A typical U.S. city of 10,000 to 50,000 people gets 6.1%.

Town taxes91%

Other taxes
47%$669 thousand
What's in other taxesOther licenses and occupation and business licenses
  • Other licenses$632 thousand
  • Occupation and business licenses$37 thousand

Amounts are by Census tax category.

Property tax
32%$459 thousand
Sales tax
13%$182 thousand

Fees for services2.5%

Fees for services
2.5%$36 thousand
What's in fees for servicesParks and recreation
  • Parks and recreation$36 thousand

Amounts are by Census type of charge.

Fines and other6.3%

Interest, rents and other
6.3%$91 thousand

Where it goes

Running the government and other costs44%Parks, recreation and libraries35%Police, fire, courts and jails11%Housing and community development10%

What stands out

35%

of Summerfield's spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Running the government and other costs
44%$851 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 2 more
  • Central staff services (personnel, purchasing, technology)$540 thousand
  • Government buildings$290 thousand
  • Finance, tax collection and budgeting$14 thousand
  • Other and not broken out$7 thousand
Parks, recreation and libraries
35%$686 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$686 thousand
Police, fire, courts and jails
11%$220 thousand
What's in police, fire, courts and jailsCourts and legal services
  • Courts and legal services$220 thousand
Housing and community development
10%$198 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Summerfield. 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 Summerfield 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.