City government · Calhoun County, IA

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

In the latest recorded fiscal year (ended June 30, 2022), Lake City took in $2.5 million and spent $2.6 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

City taxes48%Fees for services (water, sewer)31%State tax money11%County and local tax money8.8%Fines and other1.6%

What stands out

8.8%

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 taxes48%

Property tax
36%$872 thousand
Sales tax
8.0%$195 thousand
Other taxes
4.2%$103 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$79 thousand
  • Public utility taxes$24 thousand

Amounts are by Census tax category.

Fees for services31%

Fees for services
31%$766 thousand
What's in fees for servicesWater; sewer and 4 more
  • Water$389 thousand
  • Sewer$192 thousand
  • Garbage collection$144 thousand
  • Parks and recreation$26 thousand
  • Other government-run businesses$14 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$259 thousand

County and local tax money8.8%

Money passed on by the county or other local governments.

From the county and other local governments
8.8%$215 thousand

Fines and other1.6%

Interest, rents and other
1.6%$39 thousand
Fines
<0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities34%Parks, recreation and libraries27%Police, fire, courts and jails20%Roads, transit and parking8.0%Running the government and other costs6.5%Interest on debt4.7%

What stands out

27%

of Lake City'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%

Water, sewer, trash and utilities
34%$867 thousand
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$596 thousand
  • Garbage and solid waste$149 thousand
  • Sewer systems$122 thousand
Parks, recreation and libraries
27%$688 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$557 thousand
  • Libraries$131 thousand
Police, fire, courts and jails
20%$511 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$472 thousand
  • Fire protection$39 thousand
Roads, transit and parking
8.0%$204 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$204 thousand
Running the government and other costs
6.5%$166 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 2 more
  • Finance, tax collection and budgeting$131 thousand
  • Other and not broken out$12 thousand
  • Other government-run businesses$12 thousand
  • Central staff services (personnel, purchasing, technology)$11 thousand
Interest on debt
4.7%$121 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 June 30, 2022. 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.