City government · Jackson County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Lakefield took in $6.0 million and spent $11.8 million.

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

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Where it comes from

Fees for services (electric power, liquor stores)68%State tax money13%City taxes12%Fines and other4.7%Federal tax money1.5%County and local tax money0.2%

What stands out

68%

of Lakefield'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 taxes12%

Property tax
12%$706 thousand
Other taxes
0.4%$27 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$21 thousand
  • Other licenses$6 thousand

Amounts are by Census tax category.

Fees for services68%

Fees for services
68%$4.1 million
What's in fees for servicesElectric power; liquor stores and 5 more
  • Electric power$2.5 million
  • Liquor stores$836 thousand
  • Sewer$579 thousand
  • Hospital bills$120 thousand
  • Other service charges$60 thousand
  • Parks and recreation$57 thousand
  • Road charges$3 thousand

Amounts are by Census type of charge.

Federal tax money1.5%

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

From the federal government
1.5%$91 thousand

State tax money13%

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

From the state
13%$806 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$11 thousand

Fines and other4.7%

Interest, rents and other
4.6%$279 thousand
Fines
<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities60%Roads, transit and parking26%Running the government and other costs3.8%Police, fire, courts and jails3.5%Health and hospitals3.2%All other spending2.7%

What stands out

60%

of Lakefield'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
60%$7.1 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$4.1 million
  • Sewer systems$2.4 million
  • Liquor stores$628 thousand
Roads, transit and parking
26%$3.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.1 million
Running the government and other costs
3.8%$448 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$233 thousand
  • Finance, tax collection and budgeting$199 thousand
  • Central staff services (personnel, purchasing, technology)$16 thousand
Police, fire, courts and jails
3.5%$413 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$278 thousand
  • Fire protection$135 thousand
Health and hospitals
3.2%$373 thousand
What's in health and hospitalsPublic health
  • Public health$373 thousand
Interest on debt
1.5%$176 thousand
Parks, recreation and libraries
1.2%$141 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$131 thousand
  • Libraries$10 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lakefield. 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 Lakefield 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.