The Finance Department directs all financial operations of the Village.
Mission
The mission of the Finance Department is to manage and accurately report the financial position of the municipality, to direct all financial transactions recorded in the accounting system, to maintain the accounting system and reporting tools, and to support department level conduct of operations - in accordance with municipal policies and procedures, generally accepted accounting principles and applicable laws.
Duties
The Department is responsible for:
- Accounts payable
- Budgeting
- Employee benefits administration
- Financial reporting
- General ledger accounting
- Payroll
- Revenue collection
- Risk management
- Setting purchasing policy
Tax Relief Program
Through the diligence of the Mayor, Trustees and the Village Staff, the Village is now prepared to implement a Residential Tax Relief Program.
Annual Municipal Treasurer's Report
Within six months after the end of each fiscal year, the municipal treasurer must prepare a statement of receipts and disbursements. This statement is known as the "Annual Treasurer's Report" and its requirements are found in Chapter 24, paragraph 3-10-5.1 to 3-10-5.4 of the Illinois Revised Statutes. The report is published annually in the local newspaper.
Each report contains the following information:
1. A summary of revenues, expenditures and changes in fund balance of the Village's funds.
2. A listing of all vendors receiving more than $2,500 by name and amount.
3. The total amount disbursed to vendors receiving under $2,500.
4. The name and gross amount received in compensation by each elected official and employee.
To view the report, please click on the following: 2025 Municipal Treasurer's Report