Village government · Lapeer County, MI

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

In the latest recorded fiscal year (ended February 28, 2022), Otter Lake took in $698 thousand and spent $659 thousand.

Latest recorded year: ended February 28, 2022Comes fromGoes to

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Where it comes from

Fees for services (sewer)44%Village taxes23%State tax money19%Fines and other14%

What stands out

14%

of Otter Lake's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Village taxes23%

Property tax
23%$160 thousand

Fees for services44%

Fees for services
44%$306 thousand
What's in fees for servicesSewer and other service charges
  • Sewer$184 thousand
  • Other service charges$122 thousand

Amounts are by Census type of charge.

State tax money19%

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

From the state
19%$136 thousand

Fines and other14%

Interest, rents and other
14%$96 thousand

Where it goes

Roads, transit and parking41%Running the government and other costs23%Water, sewer, trash and utilities15%Parks, recreation and libraries12%Interest on debt9.4%

What stands out

41%

of Otter Lake's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
41%$268 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$268 thousand
Running the government and other costs
23%$150 thousand
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$101 thousand
  • Central staff services (personnel, purchasing, technology)$27 thousand
  • Finance, tax collection and budgeting$22 thousand
Water, sewer, trash and utilities
15%$99 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$99 thousand
Parks, recreation and libraries
12%$80 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$80 thousand
Interest on debt
9.4%$62 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Otter Lake. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended February 28, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Otter Lake 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.