Town government · Scott County, MS

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

In the latest recorded fiscal year (ended September 30, 2021), Lake took in $414 thousand and spent $372 thousand.

Latest recorded year: ended September 30, 2021Estimated by the U.S. Census BureauComes from Goes to

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Where it comes from

Fees for services (water)47%State tax money27%Town taxes20%Fines and other3.9%County and local tax money1.9%

What stands out

27%

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

Town taxes20%

Property tax

13%$54 thousand

Other taxes

6.5%$27 thousand

What's in other taxesPublic utility taxes and occupation and business licenses

Public utility taxes$26 thousand
Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Fees for services47%

Fees for services

47%$196 thousand

What's in fees for servicesWater

Water$196 thousand

Amounts are by Census type of charge.

State tax money27%

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

From the state

27%$113 thousand

County and local tax money1.9%

Money passed on by the county or other local governments.

From the county and other local governments

1.9%$8 thousand

Fines and other3.9%

Interest, rents and other

2.9%$12 thousand

Fines

1.0%$4 thousand

Where it goes

Water, sewer, trash and utilities44%Running the government and other costs31%Police, fire, courts and jails18%Parks, recreation and libraries5.9%Interest on debt1.1%

What stands out

44%

of Lake'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

44%$163 thousand

What's in water, sewer, trash and utilitiesWater supply

Water supply$163 thousand

Running the government and other costs

31%$116 thousand

What's in running the government and other costsCentral staff services (personnel, purchasing, technology)

Central staff services (personnel, purchasing, technology)$116 thousand

Police, fire, courts and jails

18%$67 thousand

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

Police$48 thousand
Fire protection$19 thousand

Parks, recreation and libraries

5.9%$22 thousand

What's in parks, recreation and librariesParks and recreation

Parks and recreation$22 thousand

Interest on debt

1.1%$4 thousand

Sources and moreWhere these numbers come from and what they cover

Town of Lake. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended September 30, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of 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.