County government · Floyd County, VA

Floyd County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Floyd County took in $45.1 million and spent $54.5 million.

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

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Where it comes from

State tax money44%County taxes40%Fees for services (garbage collection, parks and recreation)8.3%Federal tax money3.8%Fines and other3.4%Local tax money0.3%

What stands out

44%

of Floyd County's money comes from state tax money.A typical U.S. county of under 50,000 people gets 23%.

County taxes40%

Property tax
34%$15.4 million
Sales tax
3.2%$1.4 million
Other taxes
2.9%$1.3 million
What's in other taxesPublic utility taxes; motor vehicle licenses and 3 more
  • Public utility taxes$427 thousand
  • Motor vehicle licenses$421 thousand
  • Other selective sales taxes$327 thousand
  • Other licenses$139 thousand
  • Real estate and stock transfer taxes$8 thousand

Amounts are by Census tax category.

Fees for services8.3%

Fees for services
8.3%$3.7 million
What's in fees for servicesOther service charges; garbage collection and 3 more
  • Other service charges$3.4 million
  • Garbage collection$206 thousand
  • Parks and recreation$57 thousand
  • School lunches$24 thousand
  • School tuition and transportation$6 thousand

Amounts are by Census type of charge.

Federal tax money3.8%

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

From the federal government
3.8%$1.7 million

State tax money44%

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

From the state
44%$19.8 million

Local tax money0.3%

Money passed on by the county or other local governments.

From other local governments
0.3%$119 thousand

Fines and other3.4%

Interest, rents and other
3.4%$1.5 million
Fines
<0.1%$6 thousand

Where it goes

Schools and colleges51%Running the government and other costs13%Police, fire, courts and jails13%Health and hospitals7.2%Water, sewer, trash and utilities5.2%All other spending11%

What stands out

51%

of Floyd County's spending goes to schools and colleges.Most U.S. counties of under 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
51%$27.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$27.7 million
Running the government and other costs
13%$7.0 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$6.0 million
  • Finance, tax collection and budgeting$572 thousand
  • Government buildings$327 thousand
  • Central staff services (personnel, purchasing, technology)$127 thousand
Police, fire, courts and jails
13%$7.0 million
What's in police, fire, courts and jailsFire protection; police and 3 more
  • Fire protection$2.7 million
  • Police$2.5 million
  • Prisons and jails$844 thousand
  • Courts and legal services$753 thousand
  • Inspections and regulation$153 thousand
Health and hospitals
7.2%$3.9 million
What's in health and hospitalsPublic health
  • Public health$3.9 million
Water, sewer, trash and utilities
5.2%$2.9 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$2.9 million
Social services
5.2%$2.8 million
What's in social servicesOther public welfare
  • Other public welfare$2.8 million
Interest on debt
2.6%$1.4 million
Housing and community development
1.9%$1.0 million
Parks, recreation and libraries
1.0%$550 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$313 thousand
  • Parks and recreation$237 thousand
Environment and natural resources
0.2%$115 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$115 thousand
Sent to other local governments
0.2%$85 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$85 thousand
Sources and moreWhere these numbers come from and what they cover

Floyd County. 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 Floyd County 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.