Village government · Oakland County, MI

Lathrup's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Lathrup took in $8.8 million and spent $10.8 million.

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

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Where it comes from

Village taxes50%Fees for services (water, sewer)26%State tax money15%Fines and other9.0%Federal tax money0.7%

What stands out

46%

of Lathrup's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes50%

Property tax
46%$4.0 million
Other taxes
3.8%$337 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$337 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$2.2 million
What's in fees for servicesWater; sewer and 1 more
  • Water$1.4 million
  • Sewer$825 thousand
  • Parks and recreation$65 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$58 thousand

State tax money15%

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

From the state
15%$1.3 million

Fines and other9.0%

Interest, rents and other
7.3%$646 thousand
Fines
1.6%$142 thousand

Where it goes

Running the government and other costs34%Police, fire, courts and jails20%Roads, transit and parking18%Water, sewer, trash and utilities17%Sent to other local governments7.5%All other spending3.0%

What stands out

7.5%

of Lathrup's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
34%$3.6 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$2.7 million
  • Central staff services (personnel, purchasing, technology)$778 thousand
  • Government buildings$131 thousand
Police, fire, courts and jails
20%$2.2 million
What's in police, fire, courts and jailsPolice
  • Police$2.2 million
Roads, transit and parking
18%$2.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.0 million
Water, sewer, trash and utilities
17%$1.9 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$994 thousand
  • Water supply$887 thousand
Sent to other local governments
7.5%$815 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$815 thousand
Interest on debt
2.4%$258 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$174 thousand
  • Interest on general debt$84 thousand
Parks, recreation and libraries
0.6%$69 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$69 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lathrup. 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 Village of Lathrup 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.