City government · McHenry County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Harvard took in $17.0 million and spent $16.4 million.

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

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Where it comes from

City taxes30%State tax money25%County and local tax money23%Fees for services (gas, parks and recreation)19%Fines and other3.6%

What stands out

23%

of Harvard's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes30%

Property tax
22%$3.8 million
Other taxes
7.7%$1.3 million
What's in other taxesPublic utility taxes; other selective sales taxes and 1 more
  • Public utility taxes$728 thousand
  • Other selective sales taxes$397 thousand
  • Other licenses$183 thousand

Amounts are by Census tax category.

Fees for services19%

Fees for services
19%$3.2 million
What's in fees for servicesGas and parks and recreation
  • Gas$3.1 million
  • Parks and recreation$111 thousand

Amounts are by Census type of charge.

State tax money25%

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

From the state
25%$4.2 million

County and local tax money23%

Money passed on by the county or other local governments.

From the county and other local governments
23%$3.8 million

Fines and other3.6%

Fines
1.8%$307 thousand
Interest, rents and other
1.8%$299 thousand

Where it goes

Running the government and other costs49%Police, fire, courts and jails22%Water, sewer, trash and utilities16%Roads, transit and parking6.7%Parks, recreation and libraries4.0%Interest on debt2.0%

What stands out

49%

of Harvard'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
49%$8.0 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)$7.2 million
  • Other and not broken out$770 thousand
Police, fire, courts and jails
22%$3.7 million
What's in police, fire, courts and jailsPolice
  • Police$3.7 million
Water, sewer, trash and utilities
16%$2.7 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$1.7 million
  • Sewer systems$968 thousand
Roads, transit and parking
6.7%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Parks, recreation and libraries
4.0%$661 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$345 thousand
  • Parks and recreation$316 thousand
Interest on debt
2.0%$323 thousand
Sources and moreWhere these numbers come from and what they cover

City of Harvard. 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 City of Harvard 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.