Village government · Lake County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Third Lake took in $911 thousand and spent $465 thousand.

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

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Where it comes from

State tax money77%Village taxes9.7%Federal tax money8.6%Fines and other3.3%Fees for services (parks and recreation)1.0%

What stands out

77%

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

Village taxes9.7%

Property tax
7.8%$71 thousand
Other taxes
1.9%$17 thousand
What's in other taxesOther licenses
  • Other licenses$17 thousand

Amounts are by Census tax category.

Fees for services1.0%

Fees for services
1.0%$9 thousand
What's in fees for servicesParks and recreation
  • Parks and recreation$9 thousand

Amounts are by Census type of charge.

Federal tax money8.6%

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

From the federal government
8.6%$78 thousand

State tax money77%

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

From the state
77%$706 thousand

Fines and other3.3%

Interest, rents and other
3.1%$28 thousand
Fines
0.2%$2 thousand

Where it goes

Running the government and other costs50%Parks, recreation and libraries17%Roads, transit and parking15%Water, sewer, trash and utilities10%Police, fire, courts and jails7.5%

What stands out

17%

of Third Lake'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%

Running the government and other costs
50%$233 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 1 more
  • Central staff services (personnel, purchasing, technology)$184 thousand
  • Government buildings$41 thousand
  • Finance, tax collection and budgeting$8 thousand
Parks, recreation and libraries
17%$79 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$79 thousand
Roads, transit and parking
15%$70 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$70 thousand
Water, sewer, trash and utilities
10%$48 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$48 thousand
Police, fire, courts and jails
7.5%$35 thousand
What's in police, fire, courts and jailsPolice
  • Police$35 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Third Lake. 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 Third 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.