Village government · Ionia County, MI

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

In the latest recorded fiscal year (ended February 28, 2022), Lake Odessa took in $2.5 million and spent $2.6 million.

Latest recorded year: ended February 28, 2022Comes fromGoes to

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Where it comes from

Fees for services (water, parks and recreation)39%Village taxes30%State tax money26%Fines and other3.7%County and local tax money1.4%

What stands out

26%

of Lake Odessa's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Village taxes30%

Property tax
30%$753 thousand
Other taxes
0.4%$9 thousand
What's in other taxesOccupation and business licenses and other selective sales taxes
  • Occupation and business licenses$8 thousand
  • Other selective sales taxes$1 thousand

Amounts are by Census tax category.

Fees for services39%

Fees for services
39%$996 thousand
What's in fees for servicesWater; parks and recreation and 1 more
  • Water$968 thousand
  • Parks and recreation$18 thousand
  • Other service charges$10 thousand

Amounts are by Census type of charge.

State tax money26%

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

From the state
26%$652 thousand

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$35 thousand

Fines and other3.7%

Interest, rents and other
3.5%$89 thousand
Fines
0.2%$4 thousand

Where it goes

Roads, transit and parking39%Water, sewer, trash and utilities29%Running the government and other costs15%Police, fire, courts and jails12%Interest on debt3.5%Parks, recreation and libraries1.4%

What stands out

39%

of Lake Odessa's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
39%$1.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.0 million
Water, sewer, trash and utilities
29%$764 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$764 thousand
Running the government and other costs
15%$396 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$271 thousand
  • Central staff services (personnel, purchasing, technology)$111 thousand
  • Government buildings$14 thousand
Police, fire, courts and jails
12%$324 thousand
What's in police, fire, courts and jailsPolice
  • Police$324 thousand
Interest on debt
3.5%$93 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$78 thousand
  • Interest on general debt$15 thousand
Parks, recreation and libraries
1.4%$36 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$36 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lake Odessa. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended February 28, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Lake Odessa 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.