Village government · Lake County, IL

Round Lake's money: where it comes from and where it goes

In the latest recorded fiscal year (ended April 30, 2024), Round Lake took in $20.2 million and spent $17.7 million.

Latest recorded year: ended April 30, 2024Comes fromGoes to

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Where it comes from

Fees for services (water, parking)35%State tax money30%Village taxes28%Fines and other7.2%County and local tax money0.3%Federal tax money0.3%

What stands out

30%

of Round Lake's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

Village taxes28%

Property tax
22%$4.5 million
Other taxes
5.9%$1.2 million
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$940 thousand
  • Other licenses$255 thousand

Amounts are by Census tax category.

Fees for services35%

Fees for services
35%$7.0 million
What's in fees for servicesWater; other service charges and 1 more
  • Water$5.5 million
  • Other service charges$1.5 million
  • Parking$33 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$60 thousand

State tax money30%

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

From the state
30%$6.0 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$66 thousand

Fines and other7.2%

Interest, rents and other
6.4%$1.3 million
Fines
0.8%$157 thousand

Where it goes

Water, sewer, trash and utilities38%Police, fire, courts and jails35%Running the government and other costs14%Roads, transit and parking8.1%Parks, recreation and libraries2.9%Interest on debt1.4%

What stands out

38%

of Round Lake's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
38%$6.8 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$5.9 million
  • Sewer systems$920 thousand
Police, fire, courts and jails
35%$6.2 million
What's in police, fire, courts and jailsPolice
  • Police$6.2 million
Running the government and other costs
14%$2.5 million
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$2.4 million
  • Other and not broken out$34 thousand
  • Central staff services (personnel, purchasing, technology)$22 thousand
Roads, transit and parking
8.1%$1.4 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$1.4 million
  • Parking$17 thousand
Parks, recreation and libraries
2.9%$520 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$520 thousand
Interest on debt
1.4%$239 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Round Lake. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended April 30, 2024.

What this covers. The money of Village of Round Lake 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.