Town government · Palm Beach County, FL

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

In the latest recorded fiscal year (ended September 30, 2021), Lake Park took in $18.7 million and spent $16.6 million.

Latest recorded year: ended September 30, 2021Comes fromGoes to

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Where it comes from

Town taxes45%Fees for services (garbage collection, parks and recreation)33%Federal tax money14%State tax money4.8%County and local tax money2.0%Fines and other1.6%

What stands out

14%

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

Town taxes45%

Property tax
28%$5.2 million
Other taxes
18%$3.3 million
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$1.3 million
  • Occupation and business licenses$983 thousand
  • Other licenses$742 thousand
  • Motor fuel taxes$250 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$6.1 million
What's in fees for servicesGarbage collection; parks and recreation and 3 more
  • Garbage collection$1.9 million
  • Parks and recreation$1.6 million
  • Other service charges$1.6 million
  • Parks, land and natural resources$919 thousand
  • Transit fares$3 thousand

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$2.6 million

State tax money4.8%

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

From the state
4.8%$896 thousand

County and local tax money2.0%

Money passed on by the county or other local governments.

From the county and other local governments
2.0%$379 thousand

Fines and other1.6%

Fines
1.0%$193 thousand
Interest, rents and other
0.5%$97 thousand

Where it goes

Police, fire, courts and jails26%Parks, recreation and libraries25%Running the government and other costs21%Water, sewer, trash and utilities13%Environment and natural resources10%All other spending4.3%

What stands out

25%

of Lake Park's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Police, fire, courts and jails
26%$4.4 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 1 more
  • Police$3.1 million
  • Inspections and regulation$1.1 million
  • Courts and legal services$174 thousand
Parks, recreation and libraries
25%$4.1 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$3.7 million
  • Libraries$394 thousand
Running the government and other costs
21%$3.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$1.7 million
  • Other and not broken out$1.1 million
  • Finance, tax collection and budgeting$744 thousand
Water, sewer, trash and utilities
13%$2.1 million
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$2.1 million
  • Sewer systems$6 thousand
Environment and natural resources
10%$1.7 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1.7 million
Roads, transit and parking
2.8%$469 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$469 thousand
Interest on debt
1.4%$237 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Lake Park. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Lake Park 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.