Township government · Luce County, MI

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

In the latest recorded fiscal year (ended June 30, 2022), Lakefield Township took in $268 thousand and spent $208 thousand.

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

See every government that serves your ZIP

Where it comes from

State tax money51%Township taxes30%Fines and other12%Fees for services6.7%

What stands out

51%

of Lakefield Township's money comes from state tax money.A typical U.S. township or town of under 10,000 people gets 19%.

Township taxes30%

Property tax
30%$81 thousand

Fees for services6.7%

Fees for services
6.7%$18 thousand
What's in fees for servicesOther service charges
  • Other service charges$18 thousand

Amounts are by Census type of charge.

State tax money51%

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

From the state
51%$136 thousand

Fines and other12%

Interest, rents and other
12%$33 thousand

Where it goes

Running the government and other costs92%Roads, transit and parking6.7%Water, sewer, trash and utilities1.0%

What stands out

92%

of Lakefield Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Running the government and other costs
92%$192 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)$95 thousand
  • Finance, tax collection and budgeting$55 thousand
  • Government buildings$29 thousand
  • Other and not broken out$13 thousand
Roads, transit and parking
6.7%$14 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$14 thousand
Water, sewer, trash and utilities
1.0%$2 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$2 thousand
Sources and moreWhere these numbers come from and what they cover

Lakefield 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 Lakefield 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.