Town government · Caddo County, OK

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

In the latest recorded fiscal year (ended June 30, 2022), Gracemont took in $453 thousand and spent $376 thousand.

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

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Where it comes from

Fees for services (water)46%Town taxes25%County and local tax money15%Fines and other7.5%State tax money7.1%

What stands out

23%

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

Town taxes25%

Sales tax
23%$105 thousand
Other taxes
1.3%$6 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$6 thousand

Amounts are by Census tax category.

Fees for services46%

Fees for services
46%$209 thousand
What's in fees for servicesWater and other service charges
  • Water$204 thousand
  • Other service charges$5 thousand

Amounts are by Census type of charge.

State tax money7.1%

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

From the state
7.1%$32 thousand

County and local tax money15%

Money passed on by the county or other local governments.

From the county and other local governments
15%$67 thousand

Fines and other7.5%

Interest, rents and other
7.5%$34 thousand

Where it goes

Water, sewer, trash and utilities65%Running the government and other costs18%Police, fire, courts and jails15%Interest on debt0.8%Roads, transit and parking0.5%

What stands out

65%

of Gracemont'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
65%$245 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$190 thousand
  • Sewer systems$55 thousand
Running the government and other costs
18%$68 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)$59 thousand
  • Finance, tax collection and budgeting$9 thousand
Police, fire, courts and jails
15%$58 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$56 thousand
  • Courts and legal services$2 thousand
Interest on debt
0.8%$3 thousand
Roads, transit and parking
0.5%$2 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Gracemont. 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 Gracemont 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.