City government · Missaukee County, MI

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

In the latest recorded fiscal year (ended March 31, 2022), Lake City took in $1.7 million and spent $1.7 million.

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

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Where it comes from

Fees for services (sewer, water)51%City taxes25%State tax money16%County and local tax money4.7%Fines and other3.8%

What stands out

4.7%

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 taxes25%

Property tax
24%$425 thousand
Other taxes
0.7%$13 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$11 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services51%

Fees for services
51%$890 thousand
What's in fees for servicesOther service charges; sewer and 1 more
  • Other service charges$500 thousand
  • Sewer$210 thousand
  • Water$180 thousand

Amounts are by Census type of charge.

State tax money16%

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

From the state
16%$272 thousand

County and local tax money4.7%

Money passed on by the county or other local governments.

From the county and other local governments
4.7%$82 thousand

Fines and other3.8%

Interest, rents and other
3.8%$67 thousand

Where it goes

Running the government and other costs47%Water, sewer, trash and utilities35%Police, fire, courts and jails6.9%Parks, recreation and libraries4.7%Roads, transit and parking4.0%Interest on debt2.6%

What stands out

47%

of Lake City's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
47%$796 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$594 thousand
  • Government buildings$119 thousand
  • Finance, tax collection and budgeting$45 thousand
  • Central staff services (personnel, purchasing, technology)$38 thousand
Water, sewer, trash and utilities
35%$601 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$468 thousand
  • Garbage and solid waste$133 thousand
Police, fire, courts and jails
6.9%$117 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$117 thousand
Parks, recreation and libraries
4.7%$80 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$80 thousand
Roads, transit and parking
4.0%$68 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$68 thousand
Interest on debt
2.6%$45 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$42 thousand
  • Interest on general debt$3 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 March 31, 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.