Town government · Botetourt County, VA

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

In the latest recorded fiscal year (ended June 30, 2022), Fincastle took in $480 thousand and spent $169 thousand.

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

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Where it comes from

Fees for services (sewer, water)73%Town taxes23%State tax money3.8%Fines and other0.2%

What stands out

23%

of Fincastle'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 taxes23%

Other taxes
23%$109 thousand
What's in other taxesOther taxes not classified elsewhere; occupation and business licenses and 2 more
  • Other taxes not classified elsewhere$78 thousand
  • Occupation and business licenses$18 thousand
  • Motor vehicle licenses$7 thousand
  • Public utility taxes$6 thousand

Amounts are by Census tax category.

Fees for services73%

Fees for services
73%$352 thousand
What's in fees for servicesSewer and water
  • Sewer$202 thousand
  • Water$150 thousand

Amounts are by Census type of charge.

State tax money3.8%

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

From the state
3.8%$18 thousand

Fines and other0.2%

Interest, rents and other
0.2%$1 thousand

Where it goes

Running the government and other costs70%Parks, recreation and libraries15%Police, fire, courts and jails8.9%Interest on debt5.9%

What stands out

70%

of Fincastle'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
70%$119 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)$82 thousand
  • Other and not broken out$19 thousand
  • Finance, tax collection and budgeting$18 thousand
Parks, recreation and libraries
15%$25 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$25 thousand
Police, fire, courts and jails
8.9%$15 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$15 thousand
Interest on debt
5.9%$10 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Fincastle. 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 Fincastle 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.