City government · Becker County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Lake Park took in $3.7 million and spent $3.9 million.

Latest recorded year: ended December 31, 2021Comes from Goes to

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Where it comes from

Fees for services (liquor stores, electric power)81%State tax money9.3%City taxes6.6%Fines and other1.8%Federal tax money1.1%

What stands out

81%

of Lake Park's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

City taxes6.6%

Property tax

5.1%$191 thousand

Other taxes

1.5%$56 thousand

What's in other taxesPublic utility taxes and other licenses

Public utility taxes$55 thousand
Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services81%

Fees for services

81%$3.0 million

What's in fees for servicesLiquor stores; electric power and 6 more

Liquor stores$995 thousand
Electric power$980 thousand
Other service charges$434 thousand
Sewer$282 thousand
Water$251 thousand
Housing$69 thousand
Road charges$23 thousand
Parks and recreation$8 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government

1.1%$43 thousand

State tax money9.3%

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

From the state

9.3%$348 thousand

Fines and other1.8%

Interest, rents and other

1.7%$65 thousand

Fines

<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities74%Running the government and other costs13%Police, fire, courts and jails7.9%Roads, transit and parking2.1%Housing and community development1.4%All other spending2.5%

What stands out

74%

of Lake Park's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities

74%$2.9 million

What's in water, sewer, trash and utilitiesSewer systems; liquor stores and 3 more

Sewer systems$943 thousand
Liquor stores$881 thousand
Electric power$805 thousand
Water supply$213 thousand
Garbage and solid waste$18 thousand

Running the government and other costs

13%$487 thousand

What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more

Other and not broken out$362 thousand
Finance, tax collection and budgeting$81 thousand
Central staff services (personnel, purchasing, technology)$44 thousand

Police, fire, courts and jails

7.9%$307 thousand

What's in police, fire, courts and jailsPolice and fire protection

Police$210 thousand
Fire protection$97 thousand

Roads, transit and parking

2.1%$82 thousand

What's in roads, transit and parkingRoads and highways

Roads and highways$82 thousand

Housing and community development

1.4%$55 thousand

Health and hospitals

1.2%$47 thousand

What's in health and hospitalsPublic health

Public health$47 thousand

Parks, recreation and libraries

0.7%$29 thousand

What's in parks, recreation and librariesParks and recreation

Parks and recreation$29 thousand

Interest on debt

0.6%$23 thousand

What's in interest on debtInterest on general debt and interest on water supply debt

Interest on general debt$21 thousand
Interest on water supply debt$2 thousand

Sources and moreWhere these numbers come from and what they cover

City of Lake Park. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Lake Park 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.