Village government · Livingston County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Cornell took in $358 thousand and spent $304 thousand.

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

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Where it comes from

State tax money53%Fees for services (water, sewer)33%Village taxes11%Fines and other3.1%

What stands out

53%

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

Village taxes11%

Property tax
9.8%$35 thousand
Other taxes
1.1%$4 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$2 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$118 thousand
What's in fees for servicesWater and sewer
  • Water$84 thousand
  • Sewer$34 thousand

Amounts are by Census type of charge.

State tax money53%

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

From the state
53%$190 thousand

Fines and other3.1%

Interest, rents and other
2.8%$10 thousand
Fines
0.3%$1 thousand

Where it goes

Running the government and other costs50%Water, sewer, trash and utilities33%Roads, transit and parking16%Parks, recreation and libraries1.0%Interest on debt1.0%

What stands out

50%

of Cornell's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
50%$151 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$151 thousand
Water, sewer, trash and utilities
33%$99 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$68 thousand
  • Sewer systems$31 thousand
Roads, transit and parking
16%$48 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$48 thousand
Parks, recreation and libraries
1.0%$3 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$3 thousand
Interest on debt
1.0%$3 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Cornell. 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 Cornell 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.