City government · Charleston County, SC

Folly Beach's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Folly Beach took in $11.4 million and spent $11.2 million.

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

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Where it comes from

City taxes73%Fees for services (water, sewer)19%Fines and other6.2%State tax money1.4%

What stands out

32%

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

City taxes73%

Sales tax
32%$3.7 million
Property tax
22%$2.5 million
Other taxes
19%$2.2 million
What's in other taxesOccupation and business licenses; alcoholic beverage licenses and 1 more
  • Occupation and business licenses$2.1 million
  • Alcoholic beverage licenses$43 thousand
  • Other licenses$9 thousand

Amounts are by Census tax category.

Fees for services19%

Fees for services
19%$2.2 million
What's in fees for servicesWater and sewer
  • Water$1.4 million
  • Sewer$779 thousand

Amounts are by Census type of charge.

State tax money1.4%

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

From the state
1.4%$154 thousand

Fines and other6.2%

Fines
4.8%$545 thousand
Interest, rents and other
1.4%$160 thousand

Where it goes

Police, fire, courts and jails51%Water, sewer, trash and utilities32%Running the government and other costs17%Interest on debt0.5%

What stands out

51%

of Folly Beach'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
51%$5.8 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$2.9 million
  • Police$2.6 million
  • Courts and legal services$190 thousand
Water, sewer, trash and utilities
32%$3.6 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; water supply and 1 more
  • Garbage and solid waste$1.5 million
  • Water supply$1.4 million
  • Sewer systems$664 thousand
Running the government and other costs
17%$1.9 million
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)$904 thousand
  • Government buildings$611 thousand
  • Finance, tax collection and budgeting$200 thousand
  • Other and not broken out$143 thousand
Interest on debt
0.5%$53 thousand
Sources and moreWhere these numbers come from and what they cover

City of Folly Beach. 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 City of Folly Beach 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.