Village government · Lake County, IL

Island Lake's money: where it comes from and where it goes

In the latest recorded fiscal year (ended April 30, 2022), Island Lake took in $13.6 million and spent $10.0 million.

Latest recorded year: ended April 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money41%Fines and other35%Village taxes24%

What stands out

24%

of Island Lake's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Village taxes24%

Other taxes
15%$2.0 million
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$1.4 million
  • Other selective sales taxes$597 thousand

Amounts are by Census tax category.

Property tax
9.0%$1.2 million

State tax money41%

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

From the state
41%$5.6 million

Fines and other35%

Interest, rents and other
24%$3.2 million
Fines
11%$1.5 million

Where it goes

Running the government and other costs56%Police, fire, courts and jails26%Roads, transit and parking13%Water, sewer, trash and utilities4.5%Parks, recreation and libraries0.4%Interest on debt0.2%

What stands out

56%

of Island Lake'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
56%$5.6 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$2.3 million
  • Other and not broken out$1.8 million
  • Finance, tax collection and budgeting$1.5 million
Police, fire, courts and jails
26%$2.6 million
What's in police, fire, courts and jailsPolice
  • Police$2.6 million
Roads, transit and parking
13%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Water, sewer, trash and utilities
4.5%$450 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$450 thousand
Parks, recreation and libraries
0.4%$38 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$38 thousand
Interest on debt
0.2%$19 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Island Lake. 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 Island Lake 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.