Town government · Prince Edward County, VA

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

In the latest recorded fiscal year (ended June 30, 2024), Farmville took in $22.7 million and spent $23.4 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Town taxes40%Fees for services (sewer, water)25%State tax money15%Federal tax money11%Fines and other8.4%County and local tax money0.9%

What stands out

31%

of Farmville's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Town taxes40%

Other taxes
31%$7.1 million
What's in other taxesOther selective sales taxes; occupation and business licenses and 4 more
  • Other selective sales taxes$4.7 million
  • Occupation and business licenses$1.7 million
  • Public utility taxes$411 thousand
  • Tobacco taxes$184 thousand
  • Motor vehicle licenses$86 thousand
  • Other licenses$41 thousand

Amounts are by Census tax category.

Property tax
6.3%$1.4 million
Sales tax
2.1%$480 thousand

Fees for services25%

Fees for services
25%$5.8 million
What's in fees for servicesSewer; water and 5 more
  • Sewer$2.5 million
  • Water$2.3 million
  • Garbage collection$399 thousand
  • Other service charges$294 thousand
  • Airport$109 thousand
  • Road charges$86 thousand
  • Transit fares$37 thousand

Amounts are by Census type of charge.

Federal tax money11%

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

From the federal government
11%$2.5 million

State tax money15%

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

From the state
15%$3.3 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%$211 thousand

Fines and other8.4%

Interest, rents and other
7.6%$1.7 million
Fines
0.9%$198 thousand

Where it goes

Running the government and other costs26%Water, sewer, trash and utilities22%Roads, transit and parking21%Police, fire, courts and jails18%Parks, recreation and libraries8.3%All other spending4.1%

What stands out

21%

of Farmville's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Running the government and other costs
26%$6.0 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$3.5 million
  • Central staff services (personnel, purchasing, technology)$1.4 million
  • Government buildings$1.1 million
Water, sewer, trash and utilities
22%$5.3 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$3.0 million
  • Sewer systems$1.5 million
  • Garbage and solid waste$833 thousand
Roads, transit and parking
21%$5.0 million
What's in roads, transit and parkingRoads and highways; public transit and 1 more
  • Roads and highways$3.1 million
  • Public transit$965 thousand
  • Airports$941 thousand
Police, fire, courts and jails
18%$4.2 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$3.7 million
  • Fire protection$510 thousand
Parks, recreation and libraries
8.3%$1.9 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.8 million
  • Libraries$125 thousand
Housing and community development
2.8%$644 thousand
Interest on debt
1.4%$323 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$169 thousand
  • Interest on general debt$154 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Farmville. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Farmville 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.