Village government · Mercer County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Sherrard took in $747 thousand and spent $804 thousand.

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

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Where it comes from

Village taxes44%Fees for services (water)29%State tax money26%Fines and other0.9%

What stands out

41%

of Sherrard's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes44%

Property tax
41%$308 thousand
Other taxes
2.7%$20 thousand
What's in other taxesOther selective sales taxes and other licenses
  • Other selective sales taxes$13 thousand
  • Other licenses$7 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$217 thousand
What's in fees for servicesWater and other service charges
  • Water$212 thousand
  • Other service charges$5 thousand

Amounts are by Census type of charge.

State tax money26%

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

From the state
26%$195 thousand

Fines and other0.9%

Interest, rents and other
0.5%$4 thousand
Fines
0.4%$3 thousand

Where it goes

Water, sewer, trash and utilities47%Parks, recreation and libraries26%Running the government and other costs14%Roads, transit and parking10%Police, fire, courts and jails2.2%All other spending0.4%

What stands out

26%

of Sherrard's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
47%$375 thousand
What's in water, sewer, trash and utilitiesWater supply
  • Water supply$375 thousand
Parks, recreation and libraries
26%$212 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$212 thousand
Running the government and other costs
14%$113 thousand
What's in running the government and other costsFinance, tax collection and budgeting
  • Finance, tax collection and budgeting$113 thousand
Roads, transit and parking
10%$83 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$83 thousand
Police, fire, courts and jails
2.2%$18 thousand
What's in police, fire, courts and jailsPolice
  • Police$18 thousand
Interest on debt
0.2%$2 thousand
Sent to other local governments
0.1%$1 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$1 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Sherrard. 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 Sherrard 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.