Municipal Finances — Hoffman Estates, Illinois

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Finances — FY 2024

Source

Total Revenuei

$174.5M

Total Expenditurei

$162.0M

Property Tax Revenuei

$28.5M

16.3%of revenue

Revenue Sources i

Charges for Servicesi

31.4%$54.8M

Property Taxi

16.3%$28.5M

Interesti

14.9%$25.9M

Miscellaneousi

8.9%$15.4M

State Sales Taxi

5.6%$9.7M

Other Taxesi

5.2%$9.1M

State Income Taxi

5.2%$9.0M

Licenses & Permitsi

3.3%$5.7M

Local Sales Taxi

3%$5.2M

Other Intergovernmentali

2.8%$4.8M

Utility Taxi

1.4%$2.5M

Motor Fuel Taxi

1.3%$2.3M

Fines & Forfeituresi

0.6%$1.0M

Replacement Taxi

0.3%$507K

Expenditure Categories i

Public Safetyi

28.4%$46.0M

Other Expendituresi

13.9%$22.6M

Transportation / Public Worksi

13.6%$22.0M

Capital Outlayi

9.4%$15.3M

Public Utilitiesi

9.3%$15.1M

Culture & Recreationi

7.9%$12.9M

General Governmenti

5.2%$8.4M

Debt Servicei

4.3%$6.9M

Depreciationi

2.5%$4.1M

Social Servicesi

1.9%$3.1M

By Fundi

Generali+$10.2M surplus

$81.2M

$71.0M

Special Revenuei$7.0M deficit

$5.5M

$12.5M

Capital Projecti$9.5M deficit

$6.3M

$15.8M

Debt Servicei$1.6M deficit

$2.2M

$3.8M

Enterprisei+$4.8M surplus

$41.1M

$36.3M

Internal Servicei$666K deficit

$4.0M

$4.6M

Fiduciaryi+$16.3M surplus

$34.3M

$18.0M