City government · Tipton County, TN

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

In the latest recorded fiscal year (ended June 30, 2022), Munford took in $12.5 million and spent $11.0 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 (gas, sewer)53%City taxes26%State tax money10%Fines and other9.8%County and local tax money0.9%

What stands out

8.7%

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

City taxes26%

Property tax
14%$1.7 million
Sales tax
8.7%$1.1 million
Other taxes
3.6%$455 thousand
What's in other taxesPublic utility taxes; alcoholic beverage taxes and 2 more
  • Public utility taxes$229 thousand
  • Alcoholic beverage taxes$175 thousand
  • Occupation and business licenses$49 thousand
  • Alcoholic beverage licenses$2 thousand

Amounts are by Census tax category.

Fees for services53%

Fees for services
53%$6.6 million
What's in fees for servicesGas; sewer and 4 more
  • Gas$3.4 million
  • Sewer$1.4 million
  • Water$1.2 million
  • Garbage collection$435 thousand
  • Parks and recreation$159 thousand
  • Other service charges$59 thousand

Amounts are by Census type of charge.

State tax money10%

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

From the state
10%$1.2 million

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$114 thousand

Fines and other9.8%

Interest, rents and other
8.4%$1.1 million
Fines
1.3%$167 thousand

Where it goes

Water, sewer, trash and utilities59%Police, fire, courts and jails26%Parks, recreation and libraries7.7%Roads, transit and parking5.1%Running the government and other costs1.5%All other spending1.2%

What stands out

59%

of Munford'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
59%$6.5 million
What's in water, sewer, trash and utilitiesGas supply; sewer systems and 2 more
  • Gas supply$3.5 million
  • Sewer systems$1.5 million
  • Water supply$1.1 million
  • Garbage and solid waste$436 thousand
Police, fire, courts and jails
26%$2.9 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.6 million
  • Fire protection$1.2 million
  • Courts and legal services$28 thousand
Parks, recreation and libraries
7.7%$853 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$746 thousand
  • Libraries$107 thousand
Roads, transit and parking
5.1%$560 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$560 thousand
Running the government and other costs
1.5%$162 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$86 thousand
  • Central staff services (personnel, purchasing, technology)$76 thousand
Interest on debt
1.0%$107 thousand
What's in interest on debtInterest on water supply debt; interest on general debt and 1 more
  • Interest on water supply debt$43 thousand
  • Interest on general debt$34 thousand
  • Interest on gas supply debt$30 thousand
Sent to other local governments
0.3%$30 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$30 thousand
Sources and moreWhere these numbers come from and what they cover

City of Munford. 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 City of Munford 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.