Village government · McHenry County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Lakemoor took in $7.0 million and spent $6.2 million.

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

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Where it comes from

State tax money61%Village taxes22%Fines and other17%Federal tax money<0.1%

What stands out

61%

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

Village taxes22%

Property tax
16%$1.1 million
Other taxes
6.8%$479 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$304 thousand
  • Other licenses$175 thousand

Amounts are by Census tax category.

Federal tax money<0.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
<0.1%$7 thousand

State tax money61%

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

From the state
61%$4.3 million

Fines and other17%

Interest, rents and other
10%$713 thousand
Fines
6.4%$450 thousand

Where it goes

Police, fire, courts and jails42%Running the government and other costs24%Roads, transit and parking21%Interest on debt5.5%Water, sewer, trash and utilities4.5%Parks, recreation and libraries2.7%

What stands out

42%

of Lakemoor's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
42%$2.6 million
What's in police, fire, courts and jailsPolice
  • Police$2.6 million
Running the government and other costs
24%$1.5 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$1.1 million
  • Other and not broken out$387 thousand
  • Central staff services (personnel, purchasing, technology)$14 thousand
Roads, transit and parking
21%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Interest on debt
5.5%$339 thousand
Water, sewer, trash and utilities
4.5%$280 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$280 thousand
Parks, recreation and libraries
2.7%$170 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$170 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lakemoor. 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 Lakemoor 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.