Town government · Iredell County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Troutman took in $12.0 million and spent $10.1 million.

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

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Where it comes from

Fees for services (water, liquor stores)54%Town taxes40%State tax money5.5%Fines and other0.6%

What stands out

10%

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

Town taxes40%

Property tax
29%$3.5 million
Sales tax
9.5%$1.1 million
Other taxes
1.6%$186 thousand
What's in other taxesOccupation and business licenses; alcoholic beverage taxes and 2 more
  • Occupation and business licenses$93 thousand
  • Alcoholic beverage taxes$87 thousand
  • Other selective sales taxes$3 thousand
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services54%

Fees for services
54%$6.4 million
What's in fees for servicesWater; liquor stores and 3 more
  • Water$3.6 million
  • Liquor stores$2.4 million
  • Other government-run businesses$360 thousand
  • Other service charges$62 thousand
  • Garbage collection$41 thousand

Amounts are by Census type of charge.

State tax money5.5%

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

From the state
5.5%$657 thousand

Fines and other0.6%

Interest, rents and other
0.6%$70 thousand

Where it goes

Water, sewer, trash and utilities44%Police, fire, courts and jails17%Roads, transit and parking16%Running the government and other costs15%Environment and natural resources3.2%All other spending4.5%

What stands out

3.2%

of Troutman's spending goes to the environment and natural resources.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
44%$4.5 million
What's in water, sewer, trash and utilitiesWater supply and liquor stores
  • Water supply$2.5 million
  • Liquor stores$1.9 million
Police, fire, courts and jails
17%$1.7 million
What's in police, fire, courts and jailsPolice
  • Police$1.7 million
Roads, transit and parking
16%$1.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.6 million
Running the government and other costs
15%$1.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 1 more
  • Central staff services (personnel, purchasing, technology)$859 thousand
  • Government buildings$554 thousand
  • Other and not broken out$84 thousand
Environment and natural resources
3.2%$324 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$324 thousand
Parks, recreation and libraries
3.1%$317 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$317 thousand
Interest on debt
1.0%$101 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$70 thousand
  • Interest on water supply debt$31 thousand
Health and hospitals
0.2%$23 thousand
What's in health and hospitalsPublic health
  • Public health$23 thousand
Housing and community development
<0.1%$8 thousand
Sent to other local governments
<0.1%$8 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$8 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Troutman. 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 Troutman 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.