Township government · Traverse County, MN

Lake Valley Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Lake Valley Township took in $94 thousand and spent $89 thousand.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Township taxes52%State tax money45%Fees for services2.1%Fines and other1.1%

What stands out

45%

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

Township taxes52%

Property tax
52%$49 thousand

Fees for services2.1%

Fees for services
2.1%$2 thousand
What's in fees for servicesOther service charges
  • Other service charges$2 thousand

Amounts are by Census type of charge.

State tax money45%

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

From the state
45%$42 thousand

Fines and other1.1%

Interest, rents and other
1.1%$1 thousand

Where it goes

Roads, transit and parking72%Police, fire, courts and jails13%Running the government and other costs13%Health and hospitals1.1%

What stands out

72%

of Lake Valley Township's spending goes to roads, transit and parking.A typical U.S. township or town of under 10,000 people spends 53%.

Spending by category100%

Roads, transit and parking
72%$64 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$64 thousand
Police, fire, courts and jails
13%$12 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$12 thousand
Running the government and other costs
13%$12 thousand
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$10 thousand
  • Central staff services (personnel, purchasing, technology)$2 thousand
Health and hospitals
1.1%$1 thousand
What's in health and hospitalsPublic health
  • Public health$1 thousand
Sources and moreWhere these numbers come from and what they cover

Lake Valley Township. 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 Lake Valley 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.