Township government · McDonough County, IL

Mound Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended March 31, 2022), Mound Township took in $147 thousand and spent $123 thousand.

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

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Where it comes from

Township taxes87%Fees for services (road charges)6.1%State tax money6.1%Fines and other0.7%

What stands out

87%

of Mound Township's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Township taxes87%

Property tax
87%$128 thousand

Fees for services6.1%

Fees for services
6.1%$9 thousand
What's in fees for servicesRoad charges
  • Road charges$9 thousand

Amounts are by Census type of charge.

State tax money6.1%

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

From the state
6.1%$9 thousand

Fines and other0.7%

Interest, rents and other
0.7%$1 thousand

Where it goes

Running the government and other costs50%Roads, transit and parking50%

What stands out

50%

of Mound Township's spending goes to running the government and other costs.A typical U.S. township or town of under 10,000 people spends 23%.

Spending by category100%

Running the government and other costs
50%$62 thousand
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$49 thousand
  • Other and not broken out$7 thousand
  • Other government-run businesses$6 thousand
Roads, transit and parking
50%$61 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$61 thousand
Sources and moreWhere these numbers come from and what they cover

Mound Township. 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 Mound Township 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.