Town government · Cumberland County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Wade took in $514 thousand and spent $437 thousand.

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

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Where it comes from

Town taxes67%Fees for services (water)28%State tax money3.9%Fines and other1.0%

What stands out

34%

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

Town taxes67%

Sales tax
34%$175 thousand
Property tax
27%$141 thousand
Other taxes
5.4%$28 thousand
What's in other taxesOther licenses
  • Other licenses$28 thousand

Amounts are by Census tax category.

Fees for services28%

Fees for services
28%$145 thousand
What's in fees for servicesWater
  • Water$145 thousand

Amounts are by Census type of charge.

State tax money3.9%

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

From the state
3.9%$20 thousand

Fines and other1.0%

Interest, rents and other
1.0%$5 thousand

Where it goes

Water, sewer, trash and utilities30%Running the government and other costs29%Roads, transit and parking23%Police, fire, courts and jails11%Parks, recreation and libraries5.0%Interest on debt1.1%

What stands out

23%

of Wade's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
30%$133 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$133 thousand
Running the government and other costs
29%$126 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$68 thousand
  • Central staff services (personnel, purchasing, technology)$56 thousand
  • Other and not broken out$2 thousand
Roads, transit and parking
23%$101 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$101 thousand
Police, fire, courts and jails
11%$50 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$50 thousand
Parks, recreation and libraries
5.0%$22 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$22 thousand
Interest on debt
1.1%$5 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$3 thousand
  • Interest on general debt$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Wade. 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 Wade 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.