Village government · Sangamon County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Loami took in $724 thousand and spent $520 thousand.

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

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Where it comes from

Fees for services (water)47%State tax money41%Village taxes11%Fines and other0.3%

What stands out

41%

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

Village taxes11%

Property tax
7.2%$52 thousand
Other taxes
4.3%$31 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$29 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Fees for services47%

Fees for services
47%$343 thousand
What's in fees for servicesWater and other service charges
  • Water$275 thousand
  • Other service charges$68 thousand

Amounts are by Census type of charge.

State tax money41%

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

From the state
41%$296 thousand

Fines and other0.3%

Interest, rents and other
0.1%$1 thousand
Fines
0.1%$1 thousand

Where it goes

Water, sewer, trash and utilities44%Running the government and other costs25%Police, fire, courts and jails20%Roads, transit and parking6.3%Parks, recreation and libraries5.4%

What stands out

20%

of Loami'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%

Water, sewer, trash and utilities
44%$229 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$229 thousand
Running the government and other costs
25%$128 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$128 thousand
Police, fire, courts and jails
20%$102 thousand
What's in police, fire, courts and jailsPolice
  • Police$102 thousand
Roads, transit and parking
6.3%$33 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$33 thousand
Parks, recreation and libraries
5.4%$28 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$28 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Loami. 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 Loami 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.