Township government · Wood County, OH

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

In the latest recorded fiscal year (ended December 31, 2021), Lake Township took in $5.2 million and spent $5.2 million.

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

See every government that serves your ZIP

Where it comes from

Township taxes68%Fees for services (hospital bills, road charges)12%State tax money8.3%Federal tax money7.1%County and local tax money3.2%Fines and other1.1%

What stands out

7.1%

of Lake Township's money comes from federal tax money.Most U.S. townships and towns of 10,000 to 50,000 people get none.

Township taxes68%

Property tax
67%$3.5 million
Other taxes
1.1%$59 thousand
What's in other taxesOther licenses
  • Other licenses$59 thousand

Amounts are by Census tax category.

Fees for services12%

Fees for services
12%$614 thousand
What's in fees for servicesOther government-run businesses; hospital bills and 2 more
  • Other government-run businesses$289 thousand
  • Hospital bills$248 thousand
  • Other service charges$75 thousand
  • Road charges$2 thousand

Amounts are by Census type of charge.

Federal tax money7.1%

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

From the federal government
7.1%$369 thousand

State tax money8.3%

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

From the state
8.3%$433 thousand

County and local tax money3.2%

Money passed on by the county or other local governments.

From the county and other local governments
3.2%$167 thousand

Fines and other1.1%

Interest, rents and other
1.0%$54 thousand
Fines
<0.1%$4 thousand

Where it goes

Police, fire, courts and jails60%Roads, transit and parking20%Running the government and other costs18%Parks, recreation and libraries1.0%Sent to other local governments0.3%All other spending0.3%

What stands out

60%

of Lake Township's spending goes to police, fire, courts and jails.A typical U.S. township or town of 10,000 to 50,000 people spends 16%.

Spending by category100%

Police, fire, courts and jails
60%$3.1 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.8 million
  • Fire protection$1.3 million
Roads, transit and parking
20%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Running the government and other costs
18%$950 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other government-run businesses and 1 more
  • Central staff services (personnel, purchasing, technology)$669 thousand
  • Other government-run businesses$275 thousand
  • Other and not broken out$6 thousand
Parks, recreation and libraries
1.0%$54 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$54 thousand
Sent to other local governments
0.3%$18 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$15 thousand
  • Sent to the state government$3 thousand
Interest on debt
0.2%$9 thousand
Water, sewer, trash and utilities
<0.1%$5 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$3 thousand
  • Garbage and solid waste$2 thousand
Sources and moreWhere these numbers come from and what they cover

Lake Township. 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 Lake Township 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.