Borough government · Monmouth County, NJ

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

In the latest recorded fiscal year (ended June 30, 2022), Lake Como took in $8.9 million and spent $3.5 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Borough taxes83%Fees for services (water, sewer)14%County and local tax money2.2%

What stands out

83%

of Lake Como's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Borough taxes83%

Property tax
83%$7.4 million
Other taxes
0.3%$26 thousand
What's in other taxesAlcoholic beverage licenses and occupation and business licenses
  • Alcoholic beverage licenses$20 thousand
  • Occupation and business licenses$6 thousand

Amounts are by Census tax category.

Fees for services14%

Fees for services
14%$1.3 million
What's in fees for servicesWater and sewer
  • Water$773 thousand
  • Sewer$518 thousand

Amounts are by Census type of charge.

County and local tax money2.2%

Money passed on by the county or other local governments.

From the county and other local governments
2.2%$200 thousand

Where it goes

Police, fire, courts and jails48%Sent to other local governments37%Running the government and other costs10%Water, sewer, trash and utilities4.5%

What stands out

37%

of Lake Como's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
48%$1.7 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$1.3 million
  • Fire protection$200 thousand
  • Inspections and regulation$150 thousand
  • Courts and legal services$66 thousand
Sent to other local governments
37%$1.3 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$1.3 million
Running the government and other costs
10%$368 thousand
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$259 thousand
  • Central staff services (personnel, purchasing, technology)$109 thousand
Water, sewer, trash and utilities
4.5%$160 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$160 thousand
Interest on debt
<0.1%$1 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Lake Como. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Lake Como 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.