Village government · McHenry County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Richmond took in $4.0 million and spent $3.3 million.

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

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Where it comes from

Fees for services (sewer, water)34%State tax money29%Village taxes23%Fines and other13%

What stands out

29%

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

Village taxes23%

Property tax
13%$526 thousand
Other taxes
10%$414 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$197 thousand
  • Other licenses$169 thousand
  • Other selective sales taxes$48 thousand

Amounts are by Census tax category.

Fees for services34%

Fees for services
34%$1.4 million
What's in fees for servicesSewer; water and 1 more
  • Sewer$1.3 million
  • Water$89 thousand
  • Other service charges$2 thousand

Amounts are by Census type of charge.

State tax money29%

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

From the state
29%$1.2 million

Fines and other13%

Interest, rents and other
11%$442 thousand
Fines
2.5%$99 thousand

Where it goes

Police, fire, courts and jails32%Running the government and other costs24%Water, sewer, trash and utilities22%Roads, transit and parking10%Interest on debt7.0%All other spending4.8%

What stands out

32%

of Richmond'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%

Police, fire, courts and jails
32%$1.0 million
What's in police, fire, courts and jailsPolice
  • Police$1.0 million
Running the government and other costs
24%$804 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$740 thousand
  • Other and not broken out$53 thousand
  • Central staff services (personnel, purchasing, technology)$11 thousand
Water, sewer, trash and utilities
22%$706 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$426 thousand
  • Water supply$278 thousand
  • Garbage and solid waste$2 thousand
Roads, transit and parking
10%$338 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$338 thousand
Interest on debt
7.0%$230 thousand
Parks, recreation and libraries
4.8%$156 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$156 thousand
Social services
<0.1%$2 thousand
What's in social servicesOther public welfare
  • Other public welfare$2 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Richmond. 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 Richmond 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.