City government · Winnebago County, IL

South Beloit's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), South Beloit took in $13.7 million and spent $16.1 million.

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

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Where it comes from

State tax money45%City taxes21%Fees for services (sewer, garbage collection)21%Federal tax money7.1%Fines and other6.3%

What stands out

45%

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

City taxes21%

Property tax
13%$1.7 million
Other taxes
8.3%$1.1 million
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$725 thousand
  • Other licenses$328 thousand
  • Other selective sales taxes$81 thousand

Amounts are by Census tax category.

Fees for services21%

Fees for services
21%$2.8 million
What's in fees for servicesSewer; garbage collection and 2 more
  • Sewer$2.2 million
  • Garbage collection$398 thousand
  • Other service charges$268 thousand
  • Parks and recreation$9 thousand

Amounts are by Census type of charge.

Federal tax money7.1%

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

From the federal government
7.1%$976 thousand

State tax money45%

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

From the state
45%$6.2 million

Fines and other6.3%

Interest, rents and other
5.5%$751 thousand
Fines
0.8%$104 thousand

Where it goes

Police, fire, courts and jails29%Running the government and other costs26%Water, sewer, trash and utilities20%Roads, transit and parking11%Sent to other local governments8.0%All other spending5.4%

What stands out

8%

of South Beloit's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
29%$4.6 million
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$2.4 million
  • Police$2.3 million
Running the government and other costs
26%$4.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$2.3 million
  • Other and not broken out$1.3 million
  • Finance, tax collection and budgeting$397 thousand
  • Government buildings$243 thousand
Water, sewer, trash and utilities
20%$3.3 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$2.9 million
  • Garbage and solid waste$405 thousand
Roads, transit and parking
11%$1.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.8 million
Sent to other local governments
8.0%$1.3 million
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$1.3 million
Interest on debt
3.3%$527 thousand
Parks, recreation and libraries
2.1%$347 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$212 thousand
  • Parks and recreation$135 thousand
Sources and moreWhere these numbers come from and what they cover

City of South Beloit. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of South Beloit 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.