Municipal Finances — South Beloit, Illinois

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Finances — FY 2024

Source

Total Revenuei

$16.3M

Total Expenditurei

$15.1M

Property Tax Revenuei

$2.2M

13.3%of revenue

Revenue vs Expenditurei

$16.3M

$15.1M

Revenue

Expenditure

+$1.2M surplus

Revenue Sources i

Charges for Servicesi

19.2%$3.1M

State Sales Taxi

15.5%$2.5M

Property Taxi

13.3%$2.2M

Interesti

12%$1.9M

State Income Taxi

8.4%$1.4M

Federal Sourcesi

4.9%$805K

Utility Taxi

4.7%$765K

Licenses & Permitsi

4.6%$746K

Miscellaneousi

4.2%$684K

State Gaming Taxi

3.7%$597K

Replacement Taxi

3.4%$559K

Other Taxesi

2.4%$386K

Motor Fuel Taxi

2.2%$355K

Other Intergovernmentali

0.7%$116K

Fines & Forfeituresi

0.7%$114K

Expenditure Categories i

General Governmenti

26.4%$4.0M

Public Safetyi

25.5%$3.9M

Capital Outlayi

14.9%$2.3M

Public Utilitiesi

10.7%$1.6M

Depreciationi

9.8%$1.5M

Transportation / Public Worksi

4.5%$682K

Debt Servicei

3%$449K

Culture & Recreationi

2.2%$339K

By Fundi

Generali+$2.1M surplus

$9.3M

$7.2M

Special Revenuei$794K deficit

$1.1M

$1.9M

Capital Projecti$1.2M deficit

$556K

$1.7M

Enterprisei+$26K surplus

$3.6M

$3.5M

Fiduciaryi+$852K surplus

$1.4M

$548K

Component Unitsi+$119K surplus

$391K

$272K