Town government · Giles County, VA

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

In the latest recorded fiscal year (ended June 30, 2022), Narrows took in $2.8 million and spent $1.2 million.

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

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Where it comes from

Fees for services (water, road charges)45%Town taxes32%Federal tax money15%State tax money4.2%Fines and other3.3%

What stands out

15%

of Narrows' money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes32%

Property tax
20%$573 thousand
Other taxes
6.0%$170 thousand
What's in other taxesOccupation and business licenses; other selective sales taxes and 1 more
  • Occupation and business licenses$85 thousand
  • Other selective sales taxes$53 thousand
  • Motor vehicle licenses$32 thousand

Amounts are by Census tax category.

Sales tax
5.6%$158 thousand

Fees for services45%

Fees for services
45%$1.3 million
What's in fees for servicesWater; road charges and 1 more
  • Water$453 thousand
  • Road charges$415 thousand
  • Sewer$414 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$434 thousand

State tax money4.2%

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

From the state
4.2%$120 thousand

Fines and other3.3%

Fines
2.4%$69 thousand
Interest, rents and other
0.8%$23 thousand

Where it goes

Running the government and other costs33%Police, fire, courts and jails26%Water, sewer, trash and utilities23%Parks, recreation and libraries9.2%Roads, transit and parking5.8%Interest on debt2.6%

What stands out

26%

of Narrows' spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
33%$390 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$158 thousand
  • Central staff services (personnel, purchasing, technology)$132 thousand
  • Finance, tax collection and budgeting$55 thousand
  • Government buildings$45 thousand
Police, fire, courts and jails
26%$303 thousand
What's in police, fire, courts and jailsPolice
  • Police$303 thousand
Water, sewer, trash and utilities
23%$275 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$172 thousand
  • Sewer systems$103 thousand
Parks, recreation and libraries
9.2%$108 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$78 thousand
  • Libraries$30 thousand
Roads, transit and parking
5.8%$68 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$68 thousand
Interest on debt
2.6%$31 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Narrows. 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 Narrows 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.