City government · Craighead County, AR

Lake City's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Lake City took in $1.8 million and spent $1.8 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

See every government that serves your ZIP

Where it comes from

Fees for services (water, garbage collection)31%City taxes23%County and local tax money22%State tax money14%Fines and other10%

What stands out

22%

of Lake City's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes23%

Sales tax
9.5%$176 thousand
Other taxes
8.5%$158 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$138 thousand
  • Other licenses$12 thousand
  • Occupation and business licenses$8 thousand

Amounts are by Census tax category.

Property tax
4.9%$91 thousand

Fees for services31%

Fees for services
31%$569 thousand
What's in fees for servicesWater; garbage collection and 3 more
  • Water$208 thousand
  • Garbage collection$160 thousand
  • Sewer$153 thousand
  • Parks and recreation$24 thousand
  • Other service charges$24 thousand

Amounts are by Census type of charge.

State tax money14%

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

From the state
14%$264 thousand

County and local tax money22%

Money passed on by the county or other local governments.

From the county and other local governments
22%$404 thousand

Fines and other10%

Fines
5.6%$104 thousand
Interest, rents and other
4.5%$83 thousand

Where it goes

Running the government and other costs38%Water, sewer, trash and utilities27%Police, fire, courts and jails23%Roads, transit and parking10%Parks, recreation and libraries1.6%Interest on debt0.2%

What stands out

23%

of Lake City's 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
38%$659 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$659 thousand
Water, sewer, trash and utilities
27%$481 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$198 thousand
  • Sewer systems$158 thousand
  • Garbage and solid waste$125 thousand
Police, fire, courts and jails
23%$399 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$308 thousand
  • Fire protection$91 thousand
Roads, transit and parking
10%$183 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$183 thousand
Parks, recreation and libraries
1.6%$28 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$28 thousand
Interest on debt
0.2%$3 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lake City. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. 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 City of Lake City 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.