Town government · Rich County, UT

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

In the latest recorded fiscal year (ended June 30, 2022), Laketown took in $433 thousand and spent $317 thousand.

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

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Where it comes from

Town taxes48%Fees for services (water, road charges)35%Fines and other6.5%County and local tax money6.2%Federal tax money3.7%

What stands out

17%

of Laketown's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes48%

Other taxes
28%$120 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$120 thousand

Amounts are by Census tax category.

Sales tax
17%$75 thousand
Property tax
3.5%$15 thousand

Fees for services35%

Fees for services
35%$152 thousand
What's in fees for servicesWater; other service charges and 1 more
  • Water$109 thousand
  • Other service charges$38 thousand
  • Road charges$5 thousand

Amounts are by Census type of charge.

Federal tax money3.7%

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

From the federal government
3.7%$16 thousand

County and local tax money6.2%

Money passed on by the county or other local governments.

From the county and other local governments
6.2%$27 thousand

Fines and other6.5%

Interest, rents and other
6.5%$28 thousand

Where it goes

Parks, recreation and libraries50%Water, sewer, trash and utilities17%Running the government and other costs14%Interest on debt14%Roads, transit and parking5.0%

What stands out

50%

of Laketown'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
50%$160 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$160 thousand
Water, sewer, trash and utilities
17%$53 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$49 thousand
  • Garbage and solid waste$4 thousand
Running the government and other costs
14%$45 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$45 thousand
Interest on debt
14%$43 thousand
Roads, transit and parking
5.0%$16 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$16 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Laketown. 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 Town of Laketown 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.