Village government · Henry County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Cambridge took in $2.8 million and spent $2.2 million.

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

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Where it comes from

Village taxes34%State tax money31%Fees for services (water, sewer)26%Federal tax money5.1%Fines and other4.2%

What stands out

31%

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

Village taxes34%

Property tax
26%$709 thousand
Other taxes
8.5%$234 thousand
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$109 thousand
  • Other selective sales taxes$82 thousand
  • Other licenses$43 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$713 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$321 thousand
  • Sewer$254 thousand
  • Garbage collection$138 thousand

Amounts are by Census type of charge.

Federal tax money5.1%

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

From the federal government
5.1%$141 thousand

State tax money31%

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

From the state
31%$855 thousand

Fines and other4.2%

Interest, rents and other
4.1%$113 thousand
Fines
<0.1%$2 thousand

Where it goes

Running the government and other costs36%Water, sewer, trash and utilities34%Roads, transit and parking21%Parks, recreation and libraries3.8%Police, fire, courts and jails3.6%Interest on debt2.0%

What stands out

21%

of Cambridge's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Running the government and other costs
36%$796 thousand
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$445 thousand
  • Other and not broken out$333 thousand
  • Central staff services (personnel, purchasing, technology)$18 thousand
Water, sewer, trash and utilities
34%$762 thousand
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$381 thousand
  • Water supply$381 thousand
Roads, transit and parking
21%$468 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$468 thousand
Parks, recreation and libraries
3.8%$86 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$86 thousand
Police, fire, courts and jails
3.6%$81 thousand
What's in police, fire, courts and jailsPolice
  • Police$81 thousand
Interest on debt
2.0%$44 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Cambridge. 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 Cambridge 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.