Town government · Le Flore County, OK

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

In the latest recorded fiscal year (ended June 30, 2022), Panama took in $1.1 million and spent $1.1 million.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (water, sewer)38%Town taxes37%Fines and other21%State tax money3.0%Federal tax money2.1%

What stands out

31%

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

Town taxes37%

Sales tax
31%$342 thousand
Other taxes
6.0%$67 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$67 thousand

Amounts are by Census tax category.

Fees for services38%

Fees for services
38%$422 thousand
What's in fees for servicesWater; sewer and 2 more
  • Water$185 thousand
  • Sewer$152 thousand
  • Garbage collection$82 thousand
  • Other service charges$3 thousand

Amounts are by Census type of charge.

Federal tax money2.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
2.1%$24 thousand

State tax money3.0%

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

From the state
3.0%$34 thousand

Fines and other21%

Fines
19%$208 thousand
Interest, rents and other
2.1%$23 thousand

Where it goes

Police, fire, courts and jails37%Water, sewer, trash and utilities34%Roads, transit and parking13%Running the government and other costs11%Interest on debt4.5%

What stands out

37%

of Panama's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
37%$417 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$356 thousand
  • Fire protection$61 thousand
Water, sewer, trash and utilities
34%$391 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$225 thousand
  • Sewer systems$165 thousand
  • Garbage and solid waste$1 thousand
Roads, transit and parking
13%$151 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$151 thousand
Running the government and other costs
11%$127 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$127 thousand
Interest on debt
4.5%$51 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Panama. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Panama 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.