Village government · Lake County, IL

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

In the latest recorded fiscal year (ended December 31, 2021), Riverwoods took in $5.6 million and spent $6.2 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Village taxes44%Fees for services (water, sewer)31%State tax money21%Fines and other4.7%Federal tax money0.1%

What stands out

18%

of Riverwoods' money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Village taxes44%

Property tax
21%$1.2 million
Other taxes
18%$1.0 million
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$624 thousand
  • Other licenses$319 thousand
  • Other selective sales taxes$60 thousand

Amounts are by Census tax category.

Sales tax
4.1%$230 thousand

Fees for services31%

Fees for services
31%$1.7 million
What's in fees for servicesWater; sewer and 1 more
  • Water$1.0 million
  • Sewer$628 thousand
  • Other service charges$94 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$6 thousand

State tax money21%

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

From the state
21%$1.2 million

Fines and other4.7%

Fines
3.1%$175 thousand
Interest, rents and other
1.5%$86 thousand

Where it goes

Police, fire, courts and jails30%Running the government and other costs29%Water, sewer, trash and utilities26%Parks, recreation and libraries10%Roads, transit and parking4.2%Interest on debt0.7%

What stands out

30%

of Riverwoods' 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
30%$1.9 million
What's in police, fire, courts and jailsPolice
  • Police$1.9 million
Running the government and other costs
29%$1.8 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and government buildings
  • Central staff services (personnel, purchasing, technology)$1.7 million
  • Government buildings$160 thousand
Water, sewer, trash and utilities
26%$1.6 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$1.3 million
  • Sewer systems$289 thousand
Parks, recreation and libraries
10%$622 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$622 thousand
Roads, transit and parking
4.2%$262 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$262 thousand
Interest on debt
0.7%$42 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Riverwoods. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Riverwoods 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.