City government · Dickinson County, IA

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

In the latest recorded fiscal year (ended June 30, 2024), Lake Park took in $5.8 million and spent $6.6 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (electric power, gas)66%City taxes21%Fines and other5.5%State tax money4.6%County and local tax money2.4%

What stands out

66%

of Lake Park's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes21%

Property tax
15%$867 thousand
Sales tax
6.1%$357 thousand
Other taxes
0.3%$16 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$11 thousand
  • Public utility taxes$5 thousand

Amounts are by Census tax category.

Fees for services66%

Fees for services
66%$3.9 million
What's in fees for servicesElectric power; gas and 5 more
  • Electric power$1.6 million
  • Gas$780 thousand
  • Sewer$779 thousand
  • Water$368 thousand
  • Garbage collection$222 thousand
  • Parks and recreation$73 thousand
  • Other service charges$50 thousand

Amounts are by Census type of charge.

State tax money4.6%

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

From the state
4.6%$271 thousand

County and local tax money2.4%

Money passed on by the county or other local governments.

From the county and other local governments
2.4%$143 thousand

Fines and other5.5%

Interest, rents and other
5.5%$319 thousand

Where it goes

Water, sewer, trash and utilities55%Roads, transit and parking18%Police, fire, courts and jails9.7%Running the government and other costs5.1%Sent to other local governments4.9%All other spending7.0%

What stands out

55%

of Lake Park's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
55%$3.6 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 3 more
  • Electric power$1.8 million
  • Gas supply$955 thousand
  • Water supply$380 thousand
  • Sewer systems$311 thousand
  • Garbage and solid waste$204 thousand
Roads, transit and parking
18%$1.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.2 million
Police, fire, courts and jails
9.7%$644 thousand
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$324 thousand
  • Fire protection$297 thousand
  • Courts and legal services$23 thousand
Running the government and other costs
5.1%$336 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$187 thousand
  • Finance, tax collection and budgeting$117 thousand
  • Government buildings$26 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
Sent to other local governments
4.9%$322 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$322 thousand
Parks, recreation and libraries
4.4%$292 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$224 thousand
  • Libraries$68 thousand
Interest on debt
1.9%$124 thousand
Health and hospitals
0.4%$24 thousand
What's in health and hospitalsPublic health
  • Public health$24 thousand
Housing and community development
0.3%$23 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lake Park. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of City 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.