Village government · Lake County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Bannockburn took in $5.5 million and spent $4.3 million.

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

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Where it comes from

State tax money39%Village taxes28%Fees for services (water, sewer)26%Fines and other7.9%

What stands out

39%

of Bannockburn's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Village taxes28%

Property tax
16%$887 thousand
Other taxes
12%$649 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$257 thousand
  • Other licenses$203 thousand
  • Other selective sales taxes$189 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$1.4 million
What's in fees for servicesWater; sewer and 1 more
  • Water$1.1 million
  • Sewer$328 thousand
  • Other service charges$27 thousand

Amounts are by Census type of charge.

State tax money39%

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

From the state
39%$2.1 million

Fines and other7.9%

Interest, rents and other
6.3%$351 thousand
Fines
1.6%$89 thousand

Where it goes

Police, fire, courts and jails41%Running the government and other costs29%Water, sewer, trash and utilities20%Roads, transit and parking7.5%Interest on debt2.6%

What stands out

41%

of Bannockburn'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%

Police, fire, courts and jails
41%$1.8 million
What's in police, fire, courts and jailsPolice
  • Police$1.8 million
Running the government and other costs
29%$1.3 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$1.3 million
  • Other and not broken out$16 thousand
Water, sewer, trash and utilities
20%$849 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$622 thousand
  • Sewer systems$227 thousand
Roads, transit and parking
7.5%$325 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$325 thousand
Interest on debt
2.6%$114 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Bannockburn. 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 Bannockburn 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.