Village government · Vermilion County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Potomac took in $907 thousand and spent $742 thousand.

Latest recorded year: ended April 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fines and other31%State tax money28%Fees for services (water, sewer)28%Village taxes13%

What stands out

29%

of Potomac's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Village taxes13%

Property tax
6.4%$58 thousand
Other taxes
6.3%$57 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$49 thousand
  • Other licenses$8 thousand

Amounts are by Census tax category.

Fees for services28%

Fees for services
28%$254 thousand
What's in fees for servicesWater; sewer and 1 more
  • Water$145 thousand
  • Sewer$100 thousand
  • Garbage collection$9 thousand

Amounts are by Census type of charge.

State tax money28%

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

From the state
28%$258 thousand

Fines and other31%

Interest, rents and other
29%$262 thousand
Fines
2.0%$18 thousand

Where it goes

Water, sewer, trash and utilities38%Roads, transit and parking27%Running the government and other costs23%Parks, recreation and libraries5.9%Interest on debt3.5%Police, fire, courts and jails2.7%

What stands out

27%

of Potomac'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%

Water, sewer, trash and utilities
38%$280 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$280 thousand
Roads, transit and parking
27%$200 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$200 thousand
Running the government and other costs
23%$172 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology)
  • Central staff services (personnel, purchasing, technology)$172 thousand
Parks, recreation and libraries
5.9%$44 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$29 thousand
  • Libraries$15 thousand
Interest on debt
3.5%$26 thousand
Police, fire, courts and jails
2.7%$20 thousand
What's in police, fire, courts and jailsPolice
  • Police$20 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Potomac. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended April 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Potomac 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.