Village government · Chautauqua County, NY

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

In the latest recorded fiscal year (ended May 31, 2022), Lakewood took in $4.8 million and spent $4.4 million.

Latest recorded year: ended May 31, 2022Comes fromGoes to

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Where it comes from

Village taxes45%County and local tax money30%State tax money18%Federal tax money2.9%Fees for services (water)2.3%Fines and other1.7%

What stands out

30%

of Lakewood's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Village taxes45%

Property tax
42%$2.0 million
Other taxes
2.5%$118 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$58 thousand
  • Public utility taxes$57 thousand
  • Occupation and business licenses$3 thousand

Amounts are by Census tax category.

Fees for services2.3%

Fees for services
2.3%$108 thousand
What's in fees for servicesWater and other service charges
  • Water$101 thousand
  • Other service charges$7 thousand

Amounts are by Census type of charge.

Federal tax money2.9%

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

From the federal government
2.9%$140 thousand

State tax money18%

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

From the state
18%$876 thousand

County and local tax money30%

Money passed on by the county or other local governments.

From the county and other local governments
30%$1.4 million

Fines and other1.7%

Interest, rents and other
1.2%$59 thousand
Fines
0.5%$23 thousand

Where it goes

Police, fire, courts and jails33%Running the government and other costs26%Roads, transit and parking19%Environment and natural resources16%Water, sewer, trash and utilities4.2%All other spending1.9%

What stands out

16%

of Lakewood's spending goes to the environment and natural resources.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
33%$1.5 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$1.1 million
  • Fire protection$273 thousand
  • Inspections and regulation$72 thousand
  • Courts and legal services$22 thousand
Running the government and other costs
26%$1.2 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$901 thousand
  • Central staff services (personnel, purchasing, technology)$98 thousand
  • Government buildings$82 thousand
  • Finance, tax collection and budgeting$73 thousand
Roads, transit and parking
19%$818 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$818 thousand
Environment and natural resources
16%$688 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$688 thousand
Water, sewer, trash and utilities
4.2%$184 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$184 thousand
Parks, recreation and libraries
1.3%$55 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$55 thousand
Interest on debt
0.5%$24 thousand
Sent to other local governments
<0.1%$3 thousand
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$3 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lakewood. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended May 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Lakewood 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.