Township government · Menominee 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 $224 thousand and spent $192 thousand.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money40%Township taxes39%Fines and other15%County and local tax money6.7%

What stands out

15%

of Lake Township's money comes from interest, rents and other revenue.A typical U.S. township or town of under 10,000 people gets 1%.

Township taxes39%

Property tax
39%$87 thousand

State tax money40%

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

From the state
40%$89 thousand

County and local tax money6.7%

Money passed on by the county or other local governments.

From the county and other local governments
6.7%$15 thousand

Fines and other15%

Interest, rents and other
15%$33 thousand

Where it goes

Running the government and other costs56%Sent to other local governments22%Police, fire, courts and jails20%Roads, transit and parking1.6%

What stands out

22%

of Lake Township's spending goes to local governments.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
56%$108 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$31 thousand
  • Central staff services (personnel, purchasing, technology)$30 thousand
  • Other and not broken out$29 thousand
  • Government buildings$18 thousand
Sent to other local governments
22%$42 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$42 thousand
Police, fire, courts and jails
20%$39 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$38 thousand
  • Courts and legal services$1 thousand
Roads, transit and parking
1.6%$3 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3 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. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. 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.