Village government · Kane County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Lily Lake took in $683 thousand and spent $721 thousand.

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

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Where it comes from

State tax money48%Village taxes24%Federal tax money15%Fees for services (parks and recreation)12%Fines and other0.1%

What stands out

48%

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

Village taxes24%

Other taxes
17%$118 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$60 thousand
  • Other licenses$58 thousand

Amounts are by Census tax category.

Property tax
6.6%$45 thousand

Fees for services12%

Fees for services
12%$85 thousand
What's in fees for servicesOther service charges and parks and recreation
  • Other service charges$69 thousand
  • Parks and recreation$16 thousand

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$103 thousand

State tax money48%

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

From the state
48%$331 thousand

Fines and other0.1%

Fines
0.1%$1 thousand

Where it goes

Roads, transit and parking87%Running the government and other costs13%

What stands out

87%

of Lily Lake's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
87%$625 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$625 thousand
Running the government and other costs
13%$96 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$96 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Lily Lake. 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 Lily 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.