Municipal Finances — Lake Forest, Illinois

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Showing latest fiscal year with year-over-year changes. Full budget history available with a paid plan. View plans →

Finances — FY 2025

Source

Total Revenuei

$126.7M

+3.9%YoY

Total Expenditurei

$107.0M

-7.4%YoY

Property Tax Revenuei

$41.3M

32.6%of revenue

Revenue vs Expenditure — click a year to explorei

FY2024FY2025

Revenue

Expenditure

Revenue Sources — vs prior yeari

Property Taxi

+4.5%32.6%$41.3M

Charges for Servicesi

+0.8%26.1%$33.0M

Interesti

-3.3%13%$16.5M

Miscellaneousi

-5.9%6.9%$8.8M

Other Taxesi

+107%4%$5.1M

Licenses & Permitsi

-3.4%3.9%$5.0M

State Income Taxi

+1.3%3.2%$4.0M

State Sales Taxi

-31.9%3.2%$4.0M

Utility Taxi

+1.9%2.4%$3.0M

Federal Sourcesi

+754.4%1.9%$2.4M

Other State Sourcesi

+109.4%1.8%$2.3M

Motor Fuel Taxi

+2.9%0.7%$875K

Replacement Taxi

-33.7%0.2%$246K

Fines & Forfeituresi

-11.3%0.2%$224K

Expenditure Categories — vs prior yeari

Public Safetyi

+1.8%20%$21.4M

General Governmenti

+2.7%19.8%$21.2M

Culture & Recreationi

+1.9%16.2%$17.3M

Capital Outlayi

-44.1%14.2%$15.2M

Other Expendituresi

+14.3%7.8%$8.3M

Public Utilitiesi

+30.9%6.2%$6.6M

Transportation / Public Worksi

+8.9%5.6%$6.0M

Debt Servicei

-16%3.5%$3.7M

Depreciationi

-2.7%3.2%$3.4M

Social Servicesi

+2.1%0.9%$976K

By Fundi

Generali+$8.4M surplus

$47.9M

$39.6M

Special Revenuei+$1.5M surplus

$16.1M

$14.6M

Capital Projecti+$402K surplus

$13.5M

$13.1M

Debt Servicei$621K deficit

$2.8M

$3.5M

Enterprisei+$92K surplus

$12.4M

$12.3M

Internal Servicei+$439K surplus

$11.1M

$10.6M

Fiduciaryi+$8.7M surplus

$17.2M

$8.4M

Component Unitsi+$760K surplus

$5.6M

$4.9M