Village government · Chicot County, AR

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

In the latest recorded fiscal year (ended December 31, 2021), Lake took in $6.3 million and spent $5.6 million.

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

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Where it comes from

Village taxes38%Fees for services (sewer, water)29%Fines and other15%Federal tax money9.4%State tax money8.3%

What stands out

28%

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

Village taxes38%

Sales tax
28%$1.8 million
Property tax
6.1%$382 thousand
Other taxes
3.5%$217 thousand
What's in other taxesPublic utility taxes
  • Public utility taxes$217 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$1.8 million
What's in fees for servicesSewer; water and 5 more
  • Sewer$618 thousand
  • Water$602 thousand
  • Other service charges$346 thousand
  • Garbage collection$186 thousand
  • Parks and recreation$51 thousand
  • Airport$14 thousand
  • Road charges$11 thousand

Amounts are by Census type of charge.

Federal tax money9.4%

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

From the federal government
9.4%$590 thousand

State tax money8.3%

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

From the state
8.3%$521 thousand

Fines and other15%

Fines
14%$865 thousand
Interest, rents and other
1.5%$92 thousand

Where it goes

Police, fire, courts and jails32%Roads, transit and parking26%Running the government and other costs22%Water, sewer, trash and utilities18%Parks, recreation and libraries2.1%Interest on debt1.0%

What stands out

32%

of Lake'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%

Police, fire, courts and jails
32%$1.8 million
What's in police, fire, courts and jailsCourts and legal services; police and 1 more
  • Courts and legal services$1.1 million
  • Police$595 thousand
  • Fire protection$105 thousand
Roads, transit and parking
26%$1.4 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$1.1 million
  • Airports$330 thousand
Running the government and other costs
22%$1.2 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$974 thousand
  • Other and not broken out$120 thousand
  • Government buildings$113 thousand
Water, sewer, trash and utilities
18%$983 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$395 thousand
  • Sewer systems$380 thousand
  • Garbage and solid waste$208 thousand
Parks, recreation and libraries
2.1%$116 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$116 thousand
Interest on debt
1.0%$58 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lake. 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 Village of Lake 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.