Village government · Clay County, IL
Iola's money: where it comes from and where it goes
In the latest recorded fiscal year (ended April 30, 2022), Iola took in $113 thousand and spent $92 thousand.
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Where it comes from
What stands out
of Iola's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
Village taxes12%
Fees for services51%
What's in fees for servicesSewer; water and 1 more
- Sewer$35 thousand
- Water$20 thousand
- Other service charges$3 thousand
Amounts are by Census type of charge.
State tax money32%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other4.4%
Where it goes
What stands out
of Iola's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.
Spending by category100%
What's in water, sewer, trash and utilitiesWater supply and sewer systems
- Water supply$22 thousand
- Sewer systems$18 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
- Central staff services (personnel, purchasing, technology)$33 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$10 thousand
Sources and moreWhere these numbers come from and what they cover
Village of Iola. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Village of Iola 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.