Township government · Shelby County, IL

Lakewood Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Lakewood Township took in $121 thousand and spent $88 thousand.

Latest recorded year: ended March 31, 2022Comes fromGoes to

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Where it comes from

Township taxes60%Fines and other33%State tax money5.8%Fees for services1.7%

What stands out

33%

of Lakewood Township's money comes from interest, rents and other revenue.A typical U.S. township or town of under 10,000 people gets 1%.

Township taxes60%

Property tax
60%$72 thousand

Fees for services1.7%

Fees for services
1.7%$2 thousand
What's in fees for servicesOther service charges
  • Other service charges$2 thousand

Amounts are by Census type of charge.

State tax money5.8%

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

From the state
5.8%$7 thousand

Fines and other33%

Interest, rents and other
33%$40 thousand

Where it goes

Roads, transit and parking66%Running the government and other costs32%Interest on debt2.3%

What stands out

32%

of Lakewood Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Roads, transit and parking
66%$58 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$58 thousand
Running the government and other costs
32%$28 thousand
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$15 thousand
  • Other and not broken out$7 thousand
  • Other government-run businesses$6 thousand
Interest on debt
2.3%$2 thousand
Sources and moreWhere these numbers come from and what they cover

Lakewood Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Lakewood Township 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.