Town government · Highland County, VA
Monterey's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Monterey took in $290 thousand and spent $312 thousand.
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Where it comes from
What stands out
of Monterey's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.
Town taxes0.3%
What's in other taxesMotor vehicle licenses
- Motor vehicle licenses$1 thousand
Amounts are by Census tax category.
Fees for services70%
What's in fees for servicesSewer and water
- Sewer$129 thousand
- Water$73 thousand
Amounts are by Census type of charge.
Federal tax money24%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money5.2%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other0.3%
Where it goes
What stands out
of Monterey's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.
Spending by category100%
What's in water, sewer, trash and utilitiesSewer systems
- Sewer systems$212 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)$50 thousand
- Finance, tax collection and budgeting$20 thousand
Sources and moreWhere these numbers come from and what they cover
Town of Monterey. 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 Monterey 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.