Municipal Finances — Loves Park, Illinois

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Finances — FY 2024

Source

Total Revenuei

$44.3M

Total Expenditurei

$41.4M

Property Tax Revenuei

$282K

0.6%of revenue

Revenue vs Expenditurei

$44.3M

$41.4M

Revenue

Expenditure

+$2.9M surplus

Revenue Sources i

State Sales Taxi

29.1%$12.9M

Charges for Servicesi

15.4%$6.8M

Other Taxesi

12.7%$5.6M

State Income Taxi

8.8%$3.9M

Miscellaneousi

8.4%$3.7M

Interesti

6.5%$2.9M

Licenses & Permitsi

5.9%$2.6M

Utility Taxi

4.6%$2.0M

State Gaming Taxi

3.2%$1.4M

Motor Fuel Taxi

2.3%$1.0M

Fines & Forfeituresi

1.6%$717K

Property Taxi

0.6%$282K

Other State Sourcesi

0.4%$193K

Replacement Taxi

0.3%$152K

Federal Sourcesi

0%$6K

Expenditure Categories i

General Governmenti

28.5%$11.8M

Public Safetyi

24.1%$10.0M

Transportation / Public Worksi

14%$5.8M

Public Utilitiesi

13.7%$5.6M

Debt Servicei

9.2%$3.8M

Other Expendituresi

5.1%$2.1M

Capital Outlayi

2.7%$1.1M

Depreciationi

2.5%$1.0M

Social Servicesi

0.2%$103K

By Fundi

Generali$2.3M deficit

$26.1M

$28.4M

Special Revenuei+$2.3M surplus

$6.4M

$4.1M

Capital Projecti+$0 surplus

$1

Enterprisei+$1.0M surplus

$7.8M

$6.7M

Fiduciaryi+$1.9M surplus

$4.0M

$2.1M