City government · Tooele County, UT

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

In the latest recorded fiscal year, Lake Point took in $3.3 million and spent $2.8 million.

Latest recorded yearEstimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (water, parks and recreation)40%Fines and other39%City taxes21%

What stands out

39%

of Lake Point's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

City taxes21%

Other taxes
21%$697 thousand
What's in other taxesOccupation and business licenses
  • Occupation and business licenses$697 thousand

Amounts are by Census tax category.

Fees for services40%

Fees for services
40%$1.3 million
What's in fees for servicesWater; other service charges and 1 more
  • Water$937 thousand
  • Other service charges$234 thousand
  • Parks and recreation$164 thousand

Amounts are by Census type of charge.

Fines and other39%

Interest, rents and other
39%$1.3 million

Where it goes

Running the government and other costs44%Police, fire, courts and jails29%Water, sewer, trash and utilities9.9%Parks, recreation and libraries9.2%Interest on debt7.6%

What stands out

29%

of Lake Point's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
44%$1.2 million
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$656 thousand
  • Central staff services (personnel, purchasing, technology)$578 thousand
Police, fire, courts and jails
29%$811 thousand
What's in police, fire, courts and jailsFire protection
  • Fire protection$811 thousand
Water, sewer, trash and utilities
9.9%$277 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$277 thousand
Parks, recreation and libraries
9.2%$258 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$258 thousand
Interest on debt
7.6%$213 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lake Point. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Lake Point 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.