Town government · Lipscomb County, TX

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

In the latest recorded fiscal year (ended September 30, 2021), Follett took in $474 thousand and spent $463 thousand.

Latest recorded year: ended September 30, 2021Comes from Goes to

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Where it comes from

Fees for services (water, garbage collection)45%Town taxes42%State tax money12%Fines and other1.5%

What stands out

15%

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

Town taxes42%

Property tax

27%$128 thousand

Sales tax

15%$72 thousand

Fees for services45%

Fees for services

45%$212 thousand

What's in fees for servicesWater; garbage collection and 2 more

Water$81 thousand
Garbage collection$73 thousand
Sewer$57 thousand
Airport$1 thousand

Amounts are by Census type of charge.

State tax money12%

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

From the state

12%$55 thousand

Fines and other1.5%

Interest, rents and other

1.5%$7 thousand

Where it goes

Running the government and other costs55%Water, sewer, trash and utilities38%Parks, recreation and libraries3.5%Police, fire, courts and jails2.2%Roads, transit and parking1.3%Interest on debt0.4%

What stands out

55%

of Follett's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs

55%$255 thousand

What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more

Central staff services (personnel, purchasing, technology)$168 thousand
Other and not broken out$51 thousand
Government buildings$36 thousand

Water, sewer, trash and utilities

38%$174 thousand

What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste

Water supply$149 thousand
Garbage and solid waste$25 thousand

Parks, recreation and libraries

3.5%$16 thousand

What's in parks, recreation and librariesParks and recreation

Parks and recreation$16 thousand

Police, fire, courts and jails

2.2%$10 thousand

What's in police, fire, courts and jailsCourts and legal services and fire protection

Courts and legal services$6 thousand
Fire protection$4 thousand

Roads, transit and parking

1.3%$6 thousand

What's in roads, transit and parkingAirports

Airports$6 thousand

Interest on debt

0.4%$2 thousand

Sources and moreWhere these numbers come from and what they cover

Town of Follett. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Follett 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.