Township government · Roscommon 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 $893 thousand and spent $721 thousand.

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

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Where it comes from

Township taxes61%Fines and other20%State tax money15%Federal tax money2.6%Fees for services1.0%

What stands out

20%

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 taxes61%

Property tax
56%$499 thousand
Other taxes
5.6%$50 thousand
What's in other taxesOther licenses
  • Other licenses$50 thousand

Amounts are by Census tax category.

Fees for services1.0%

Fees for services
1.0%$9 thousand
What's in fees for servicesOther service charges
  • Other service charges$9 thousand

Amounts are by Census type of charge.

Federal tax money2.6%

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

From the federal government
2.6%$23 thousand

State tax money15%

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

From the state
15%$132 thousand

Fines and other20%

Interest, rents and other
20%$180 thousand

Where it goes

Running the government and other costs46%Water, sewer, trash and utilities21%Police, fire, courts and jails17%Roads, transit and parking16%

What stands out

21%

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
46%$333 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)$225 thousand
  • Finance, tax collection and budgeting$64 thousand
  • Other and not broken out$37 thousand
  • Government buildings$7 thousand
Water, sewer, trash and utilities
21%$150 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$150 thousand
Police, fire, courts and jails
17%$120 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$109 thousand
  • Police$11 thousand
Roads, transit and parking
16%$118 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$118 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.