Village government · Whiteside County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Albany took in $1.9 million and spent $1.5 million.

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

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Where it comes from

Fees for services (electric power, water)59%State tax money19%Village taxes18%Fines and other3.8%

What stands out

59%

of Albany's money comes from fees for services such as water, sewer and parking.A typical U.S. city, town or village of under 10,000 people gets 35%.

Village taxes18%

Property tax
11%$198 thousand
Other taxes
7.3%$135 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$129 thousand
  • Other licenses$6 thousand

Amounts are by Census tax category.

Fees for services59%

Fees for services
59%$1.1 million
What's in fees for servicesElectric power; water and 1 more
  • Electric power$698 thousand
  • Water$237 thousand
  • Sewer$167 thousand

Amounts are by Census type of charge.

State tax money19%

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

From the state
19%$349 thousand

Fines and other3.8%

Interest, rents and other
3.4%$63 thousand
Fines
0.4%$8 thousand

Where it goes

Water, sewer, trash and utilities59%Running the government and other costs18%Police, fire, courts and jails12%Roads, transit and parking6.3%Parks, recreation and libraries2.8%Interest on debt2.2%

What stands out

59%

of Albany's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
59%$858 thousand
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 1 more
  • Electric power$634 thousand
  • Sewer systems$115 thousand
  • Water supply$109 thousand
Running the government and other costs
18%$266 thousand
What's in running the government and other costsOther and not broken out and finance, tax collection and budgeting
  • Other and not broken out$180 thousand
  • Finance, tax collection and budgeting$86 thousand
Police, fire, courts and jails
12%$168 thousand
What's in police, fire, courts and jailsPolice
  • Police$168 thousand
Roads, transit and parking
6.3%$92 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$92 thousand
Parks, recreation and libraries
2.8%$41 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$41 thousand
Interest on debt
2.2%$32 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Albany. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 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 Albany 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.