Finance Director: Letitia Olmsted
The finance director shall exercise a general supervision over all the officers of the village, with the exception of the village administrator, charged in any manner with the receipt, collection or disbursement of the municipal revenue, or with the collection and return of the municipal revenue, or collection and return of the municipal revenue into the village treasury.
The Village’s fiscal year begins on May 1st and ends on April 30th. Listed below are links to various reports produced by the Finance Department:
Per Illinois Municipal Code (65 ILCS 5/8-2-9), the corporate authorities of municipalities with a population of less than 500,000 shall pass the annual appropriation ordinance within the first quarter of the fiscal year. The Appropriation Ordinance establishes the legal spending limits, however the annual line-item budget is the working document for all financial activities.
The Village of Forest Park produces an annual line-item budget by department and fund.
Tax Increment Financing (TIF) Annual Reports:
Annual reports of the redevelopment project area(s) pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-3) and or Industrial Jobs Recovery Law (65 ILCS 5/11-74.6-10).