Town government · Franklin County, VA
Boones Mill's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Boones Mill took in $723 thousand and spent $193 thousand.
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Where it comes from
What stands out
of Boones Mill's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.
Town taxes22%
What's in other taxesOther selective sales taxes; other taxes not classified elsewhere and 1 more
- Other selective sales taxes$74 thousand
- Other taxes not classified elsewhere$14 thousand
- Public utility taxes$10 thousand
Amounts are by Census tax category.
Fees for services11%
What's in fees for servicesWater
- Water$79 thousand
Amounts are by Census type of charge.
Federal tax money14%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money0.6%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other52%
Where it goes
What stands out
of Boones Mill'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%
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
- Central staff services (personnel, purchasing, technology)$62 thousand
- Finance, tax collection and budgeting$50 thousand
What's in police, fire, courts and jailsPolice
- Police$49 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
- Interest on general debt$25 thousand
- Interest on water supply debt$2 thousand
What's in water, sewer, trash and utilitiesWater supply
- Water supply$5 thousand
Sources and moreWhere these numbers come from and what they cover
Town of Boones Mill. 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 Boones Mill 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.