Village government · Union County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Lake Park took in $1.5 million and spent $1.3 million.

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

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Where it comes from

Village taxes49%State tax money36%Fees for services (parks and recreation, sewer)10%Fines and other4.7%

What stands out

49%

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

Village taxes49%

Property tax
49%$746 thousand
Other taxes
0.2%$3 thousand
What's in other taxesOther licenses
  • Other licenses$3 thousand

Amounts are by Census tax category.

Fees for services10%

Fees for services
10%$154 thousand
What's in fees for servicesParks and recreation and sewer
  • Parks and recreation$91 thousand
  • Sewer$63 thousand

Amounts are by Census type of charge.

State tax money36%

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

From the state
36%$540 thousand

Fines and other4.7%

Interest, rents and other
4.7%$71 thousand

Where it goes

Parks, recreation and libraries33%Water, sewer, trash and utilities22%Police, fire, courts and jails18%Running the government and other costs18%Roads, transit and parking7.9%Housing and community development1.5%

What stands out

33%

of Lake Park's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Parks, recreation and libraries
33%$428 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$428 thousand
Water, sewer, trash and utilities
22%$291 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$203 thousand
  • Sewer systems$88 thousand
Police, fire, courts and jails
18%$234 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$211 thousand
  • Courts and legal services$23 thousand
Running the government and other costs
18%$232 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$102 thousand
  • Other and not broken out$84 thousand
  • Finance, tax collection and budgeting$46 thousand
Roads, transit and parking
7.9%$103 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$103 thousand
Housing and community development
1.5%$19 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lake Park. 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 Village of Lake Park 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.