Village government · Bond County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Sorento took in $453 thousand and spent $403 thousand.

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

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Where it comes from

Fees for services (water, sewer)56%State tax money28%Village taxes11%Fines and other4.9%

What stands out

28%

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

Village taxes11%

Property tax
11%$49 thousand
Other taxes
0.2%$1 thousand
What's in other taxesOther licenses
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services56%

Fees for services
56%$253 thousand
What's in fees for servicesWater and sewer
  • Water$143 thousand
  • Sewer$110 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%$128 thousand

Fines and other4.9%

Interest, rents and other
4.2%$19 thousand
Fines
0.7%$3 thousand

Where it goes

Water, sewer, trash and utilities53%Running the government and other costs31%Roads, transit and parking6.9%Parks, recreation and libraries6.9%Police, fire, courts and jails2.5%

What stands out

53%

of Sorento's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
53%$214 thousand
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$125 thousand
  • Sewer systems$89 thousand
Running the government and other costs
31%$123 thousand
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$117 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
Roads, transit and parking
6.9%$28 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$28 thousand
Parks, recreation and libraries
6.9%$28 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$28 thousand
Police, fire, courts and jails
2.5%$10 thousand
What's in police, fire, courts and jailsPolice
  • Police$10 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Sorento. 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 Sorento 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.