Village government · Woodford County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Goodfield 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

State tax money34%Village taxes34%Fees for services (water, sewer)26%Fines and other6.1%

What stands out

34%

of Goodfield'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
27%$509 thousand
Other taxes
7.2%$138 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$123 thousand
  • Other licenses$15 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$494 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$276 thousand
  • Sewer$157 thousand
  • Garbage collection$61 thousand

Amounts are by Census type of charge.

State tax money34%

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

From the state
34%$656 thousand

Fines and other6.1%

Interest, rents and other
6.0%$115 thousand
Fines
0.1%$2 thousand

Where it goes

Running the government and other costs34%Water, sewer, trash and utilities31%Roads, transit and parking24%Police, fire, courts and jails6.7%Interest on debt4.1%All other spending0.3%

What stands out

24%

of Goodfield'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
34%$507 thousand
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)$487 thousand
  • Other and not broken out$20 thousand
Water, sewer, trash and utilities
31%$465 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste; water supply and 1 more
  • Garbage and solid waste$227 thousand
  • Water supply$164 thousand
  • Sewer systems$74 thousand
Roads, transit and parking
24%$351 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$351 thousand
Police, fire, courts and jails
6.7%$99 thousand
What's in police, fire, courts and jailsPolice and inspections and regulation
  • Police$95 thousand
  • Inspections and regulation$4 thousand
Interest on debt
4.1%$61 thousand
Sent to other local governments
0.2%$3 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$3 thousand
Parks, recreation and libraries
0.1%$2 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Goodfield. 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 Goodfield 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.