City government · Carroll County, IL

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

In the latest recorded fiscal year (ended March 31, 2022), Lanark took in $2.3 million and spent $2.1 million.

Latest recorded year: ended March 31, 2022Comes fromGoes to

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Where it comes from

Fees for services (sewer, water)38%State tax money31%City taxes15%Fines and other12%Federal tax money4.0%

What stands out

31%

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

City taxes15%

Property tax
14%$325 thousand
Other taxes
0.9%$20 thousand
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$18 thousand
  • Other selective sales taxes$2 thousand

Amounts are by Census tax category.

Fees for services38%

Fees for services
38%$855 thousand
What's in fees for servicesSewer; water and 2 more
  • Sewer$403 thousand
  • Water$208 thousand
  • Other service charges$163 thousand
  • Garbage collection$81 thousand

Amounts are by Census type of charge.

Federal tax money4.0%

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

From the federal government
4.0%$91 thousand

State tax money31%

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

From the state
31%$697 thousand

Fines and other12%

Interest, rents and other
12%$268 thousand
Fines
0.4%$8 thousand

Where it goes

Water, sewer, trash and utilities48%Running the government and other costs16%Roads, transit and parking16%Police, fire, courts and jails13%Parks, recreation and libraries7.3%All other spending0.4%

What stands out

48%

of Lanark's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
48%$980 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$660 thousand
  • Water supply$221 thousand
  • Garbage and solid waste$99 thousand
Running the government and other costs
16%$334 thousand
What's in running the government and other costsOther government-run businesses; other and not broken out and 2 more
  • Other government-run businesses$120 thousand
  • Other and not broken out$92 thousand
  • Central staff services (personnel, purchasing, technology)$91 thousand
  • Finance, tax collection and budgeting$31 thousand
Roads, transit and parking
16%$324 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$324 thousand
Police, fire, courts and jails
13%$265 thousand
What's in police, fire, courts and jailsPolice
  • Police$265 thousand
Parks, recreation and libraries
7.3%$150 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$101 thousand
  • Libraries$49 thousand
Interest on debt
0.2%$5 thousand
Sent to other local governments
0.2%$4 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$4 thousand
Sources and moreWhere these numbers come from and what they cover

City of Lanark. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended March 31, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Lanark 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.