Township government · Lake County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Lake Township took in $350 thousand and spent $352 thousand.

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

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Where it comes from

Township taxes69%State tax money27%Fines and other4.3%

What stands out

67%

of Lake Township's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Township taxes69%

Property tax
67%$233 thousand
Other taxes
2.3%$8 thousand
What's in other taxesOther licenses
  • Other licenses$8 thousand

Amounts are by Census tax category.

State tax money27%

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

From the state
27%$94 thousand

Fines and other4.3%

Interest, rents and other
4.3%$15 thousand

Where it goes

Running the government and other costs51%Police, fire, courts and jails39%Parks, recreation and libraries4.8%Roads, transit and parking2.3%Sent to other local governments2.3%

What stands out

39%

of Lake Township's spending goes to police, fire, courts and jails.A typical U.S. township or town of under 10,000 people spends 6.7%.

Spending by category100%

Running the government and other costs
51%$181 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 2 more
  • Finance, tax collection and budgeting$86 thousand
  • Central staff services (personnel, purchasing, technology)$62 thousand
  • Other and not broken out$22 thousand
  • Government buildings$11 thousand
Police, fire, courts and jails
39%$138 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$137 thousand
  • Courts and legal services$1 thousand
Parks, recreation and libraries
4.8%$17 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$17 thousand
Roads, transit and parking
2.3%$8 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$8 thousand
Sent to other local governments
2.3%$8 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$8 thousand
Sources and moreWhere these numbers come from and what they cover

Lake Township. 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 Lake 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.