Town government · Carroll County, TN

Hollow Rock's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Hollow Rock took in $627 thousand and spent $78 thousand.

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

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Where it comes from

Fees for services (water)42%Town taxes26%Federal tax money16%Fines and other12%State tax money4.1%

What stands out

16%

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

Town taxes26%

Property tax
13%$81 thousand
Sales tax
7.7%$48 thousand
Other taxes
5.4%$34 thousand
What's in other taxesPublic utility taxes and alcoholic beverage taxes
  • Public utility taxes$22 thousand
  • Alcoholic beverage taxes$12 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$264 thousand
What's in fees for servicesWater
  • Water$264 thousand

Amounts are by Census type of charge.

Federal tax money16%

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

From the federal government
16%$101 thousand

State tax money4.1%

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

From the state
4.1%$26 thousand

Fines and other12%

Interest, rents and other
7.8%$49 thousand
Fines
3.8%$24 thousand

Where it goes

Running the government and other costs50%Police, fire, courts and jails49%Interest on debt1.3%

What stands out

49%

of Hollow Rock'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%

Running the government and other costs
50%$39 thousand
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$37 thousand
  • Central staff services (personnel, purchasing, technology)$2 thousand
Police, fire, courts and jails
49%$38 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$37 thousand
  • Courts and legal services$1 thousand
Interest on debt
1.3%$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Hollow Rock. 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 Hollow Rock 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.