Township government · Missaukee County, MI

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

In the latest recorded fiscal year (ended March 31, 2022), Lake Township took in $1.1 million and spent $1.2 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (sewer)33%Township taxes31%State tax money29%Federal tax money5.7%Fines and other1.2%

What stands out

33%

of Lake Township's money comes from fees for services such as water, sewer and parking.Most U.S. townships and towns of under 10,000 people get none.

Township taxes31%

Property tax
30%$318 thousand
Other taxes
1.9%$21 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$21 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$353 thousand
What's in fees for servicesSewer and other service charges
  • Sewer$338 thousand
  • Other service charges$15 thousand

Amounts are by Census type of charge.

Federal tax money5.7%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
5.7%$61 thousand

State tax money29%

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

From the state
29%$311 thousand

Fines and other1.2%

Interest, rents and other
1.2%$13 thousand

Where it goes

Running the government and other costs31%Water, sewer, trash and utilities29%Sent to other local governments15%Roads, transit and parking8.3%Parks, recreation and libraries8.0%All other spending8.3%

What stands out

29%

of Lake Township's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
31%$370 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$159 thousand
  • Finance, tax collection and budgeting$108 thousand
  • Other and not broken out$85 thousand
  • Government buildings$18 thousand
Water, sewer, trash and utilities
29%$343 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$343 thousand
Sent to other local governments
15%$177 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$177 thousand
Roads, transit and parking
8.3%$98 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$98 thousand
Parks, recreation and libraries
8.0%$95 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$95 thousand
Police, fire, courts and jails
7.5%$89 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$89 thousand
Interest on debt
0.8%$9 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 March 31, 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.