Town government · Floyd County, VA

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

In the latest recorded fiscal year (ended June 30, 2022), Floyd took in $755 thousand and spent $760 thousand.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes98%Fines and other1.1%Fees for services (electric power, garbage collection)0.5%State tax money0.4%

What stands out

88%

of Floyd'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 taxes98%

Other taxes
88%$667 thousand
What's in other taxesOther selective sales taxes; other taxes not classified elsewhere and 1 more
  • Other selective sales taxes$380 thousand
  • Other taxes not classified elsewhere$172 thousand
  • Occupation and business licenses$115 thousand

Amounts are by Census tax category.

Property tax
7.8%$59 thousand
Sales tax
1.9%$14 thousand

Fees for services0.5%

Fees for services
0.5%$4 thousand
What's in fees for servicesElectric power and garbage collection
  • Electric power$3 thousand
  • Garbage collection$1 thousand

Amounts are by Census type of charge.

State tax money0.4%

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

From the state
0.4%$3 thousand

Fines and other1.1%

Interest, rents and other
0.7%$5 thousand
Fines
0.4%$3 thousand

Where it goes

Running the government and other costs77%Water, sewer, trash and utilities23%Interest on debt0.5%

What stands out

77%

of Floyd'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
77%$584 thousand
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)$410 thousand
  • Finance, tax collection and budgeting$174 thousand
Water, sewer, trash and utilities
23%$172 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$172 thousand
Interest on debt
0.5%$4 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Floyd. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Floyd 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.