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.
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).
The Treasurer Report shows the monies received and expenses incurred during the preceding fiscal year.
IMRF-Employee Cost and Participation Information:
In 2019, the Illinois General Assembly passed Public Act 101-0504. The law requires IMRF to post certain employer cost and participation information on its website.
IMRF will update these reports annually.