Municipal Finances — Elgin, Illinois

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Finances — FY 2024

Source

Total Revenuei

$351.9M

Total Expenditurei

$321.3M

Property Tax Revenuei

$64.3M

18.3%of revenue

Revenue Sources i

Charges for Servicesi

26.8%$94.5M

Property Taxi

18.3%$64.3M

Interesti

13%$45.6M

Miscellaneousi

9.6%$33.7M

State Sales Taxi

7.8%$27.5M

Local Sales Taxi

6.1%$21.6M

State Income Taxi

5.5%$19.5M

State Gaming Taxi

2.4%$8.5M

Utility Taxi

2.2%$7.9M

Federal Sourcesi

1.9%$6.8M

Other Taxesi

1.7%$6.1M

Motor Fuel Taxi

1.6%$5.5M

Licenses & Permitsi

1%$3.4M

Other State Sourcesi

0.6%$2.3M

Replacement Taxi

0.6%$2.1M

Fines & Forfeituresi

0.5%$1.7M

Other Intergovernmentali

0.3%$927K

Expenditure Categories i

Public Safetyi

29.5%$94.7M

Capital Outlayi

15.3%$49.1M

General Governmenti

14.6%$46.8M

Public Utilitiesi

10.6%$34.0M

Other Expendituresi

10.2%$32.9M

Culture & Recreationi

7.8%$25.2M

Transportation / Public Worksi

4%$12.9M

Depreciationi

3.9%$12.4M

Debt Servicei

1%$3.3M

Social Servicesi

0.4%$1.3M

By Fundi

Generali+$15.3M surplus

$178.1M

$162.8M

Special Revenuei$5.6M deficit

$35.6M

$41.2M

Capital Projecti+$608K surplus

$10.0M

$9.4M

Debt Servicei+$29K surplus

$2.0M

Enterprisei$4.5M deficit

$45.7M

$50.1M

Internal Servicei$6.6M deficit

$22.0M

$28.6M

Fiduciaryi+$31.3M surplus

$58.5M

$27.2M