Village government · Vermilion County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Oakwood took in $2.3 million and spent $1.1 million.

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

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Where it comes from

State tax money59%Village taxes18%Fees for services17%Federal tax money4.5%Fines and other1.4%

What stands out

59%

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

Village taxes18%

Property tax
18%$403 thousand
Other taxes
0.4%$10 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$6 thousand
  • Public utility taxes$4 thousand

Amounts are by Census tax category.

Fees for services17%

Fees for services
17%$392 thousand
What's in fees for servicesOther service charges
  • Other service charges$392 thousand

Amounts are by Census type of charge.

Federal tax money4.5%

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

From the federal government
4.5%$101 thousand

State tax money59%

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

From the state
59%$1.3 million

Fines and other1.4%

Interest, rents and other
0.9%$20 thousand
Fines
0.5%$12 thousand

Where it goes

Running the government and other costs52%Roads, transit and parking23%Police, fire, courts and jails18%Parks, recreation and libraries3.6%Sent to other local governments2.9%Housing and community development0.9%

What stands out

52%

of Oakwood's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
52%$582 thousand
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$300 thousand
  • Central staff services (personnel, purchasing, technology)$282 thousand
Roads, transit and parking
23%$260 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$260 thousand
Police, fire, courts and jails
18%$200 thousand
What's in police, fire, courts and jailsPolice
  • Police$200 thousand
Parks, recreation and libraries
3.6%$40 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$40 thousand
Sent to other local governments
2.9%$33 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$33 thousand
Housing and community development
0.9%$10 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Oakwood. 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 Oakwood 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.