Borough government · Lake and Peninsula Borough, AK

Lake and Peninsula Borough's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Lake and Peninsula Borough took in $22.0 million and spent $24.8 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money53%Borough taxes18%Federal tax money18%Fines and other9.5%Fees for services (school lunches)0.5%

What stands out

18%

of Lake and Peninsula Borough's money comes from federal tax money.A typical U.S. county of under 50,000 people gets 3%.

Borough taxes18%

Property tax
10%$2.2 million
Other taxes
8.4%$1.8 million
What's in other taxesOther selective sales taxes and occupation and business licenses
  • Other selective sales taxes$1.8 million
  • Occupation and business licenses$13 thousand

Amounts are by Census tax category.

Fees for services0.5%

Fees for services
0.5%$121 thousand
What's in fees for servicesOther service charges and school lunches
  • Other service charges$100 thousand
  • School lunches$21 thousand

Amounts are by Census type of charge.

Federal tax money18%

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

From the federal government
18%$4.0 million

State tax money53%

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

From the state
53%$11.7 million

Fines and other9.5%

Interest, rents and other
9.5%$2.1 million
Fines
<0.1%$3 thousand

Where it goes

Schools and colleges82%Sent to other local governments9.2%Running the government and other costs6.9%Interest on debt2.1%

What stands out

82%

of Lake and Peninsula Borough'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
82%$20.3 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$20.3 million
Sent to other local governments
9.2%$2.3 million
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$2.3 million
Running the government and other costs
6.9%$1.7 million
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)$1.4 million
  • Finance, tax collection and budgeting$332 thousand
Interest on debt
2.1%$521 thousand
Roads, transit and parking
<0.1%$4 thousand
What's in roads, transit and parkingPorts and harbors
  • Ports and harbors$4 thousand
Sources and moreWhere these numbers come from and what they cover

Lake and Peninsula Borough. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Lake and Peninsula Borough 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.