Municipal Finances — Farmington, Illinois

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Finances — FY 2024

Source

Total Revenuei

$3.7M

Total Expenditurei

$3.9M

Property Tax Revenuei

$1.2M

32%of revenue

Revenue vs Expenditurei

$3.7M

$3.9M

Revenue

Expenditure

$134K deficit

Revenue Sources i

Property Taxi

32%$1.2M

Charges for Servicesi

28.4%$1.1M

State Income Taxi

13.2%$492K

State Sales Taxi

10.4%$386K

Interesti

4.2%$157K

Miscellaneousi

3.4%$127K

Motor Fuel Taxi

2.8%$105K

State Gaming Taxi

2.1%$77K

Replacement Taxi

1.1%$42K

Licenses & Permitsi

1.1%$40K

Fines & Forfeituresi

0.8%$28K

Utility Taxi

0.6%$22K

Expenditure Categories i

General Governmenti

29.1%$1.1M

Capital Outlayi

16.3%$627K

Public Utilitiesi

14.1%$542K

Public Safetyi

13.3%$513K

Transportation / Public Worksi

11.6%$447K

Depreciationi

4.9%$189K

Social Servicesi

2.5%$98K

Debt Servicei

1.6%$60K

Culture & Recreationi

1.3%$50K

By Fundi

Generali$423K deficit

$1.8M

$2.2M

Special Revenuei+$267K surplus

$1.1M

$847K

Debt Servicei$3K deficit

$58K

$60K

Enterprisei+$24K surplus

$755K

$731K