Village government · Lake County, IL

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

In the latest recorded fiscal year (ended April 30, 2022), Volo took in $9.2 million and spent $4.9 million.

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

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Where it comes from

Village taxes39%State tax money33%Fees for services (water, garbage collection)22%County and local tax money4.5%Fines and other1.9%

What stands out

13%

of Volo's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Village taxes39%

Property tax
16%$1.4 million
Sales tax
13%$1.2 million
Other taxes
9.5%$879 thousand
What's in other taxesOther licenses; other selective sales taxes and 1 more
  • Other licenses$434 thousand
  • Other selective sales taxes$304 thousand
  • Public utility taxes$141 thousand

Amounts are by Census tax category.

Fees for services22%

Fees for services
22%$2.0 million
What's in fees for servicesWater; garbage collection and 2 more
  • Water$1.5 million
  • Garbage collection$593 thousand
  • Parks and recreation$8 thousand
  • Other service charges-$38 thousand

Amounts are by Census type of charge.

State tax money33%

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

From the state
33%$3.0 million

County and local tax money4.5%

Money passed on by the county or other local governments.

From the county and other local governments
4.5%$415 thousand

Fines and other1.9%

Interest, rents and other
1.7%$161 thousand
Fines
0.1%$12 thousand

Where it goes

Running the government and other costs65%Water, sewer, trash and utilities34%Interest on debt1.3%

What stands out

65%

of Volo's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
65%$3.2 million
What's in running the government and other costsOther and not broken out and central staff services (personnel, purchasing, technology)
  • Other and not broken out$2.3 million
  • Central staff services (personnel, purchasing, technology)$924 thousand
Water, sewer, trash and utilities
34%$1.7 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$1.1 million
  • Garbage and solid waste$606 thousand
Interest on debt
1.3%$66 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Volo. 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 Volo 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.