Budget & Plans

The Finance Department provides general management oversight of all financial transactions of the Village. Specific responsibilities include:

  • Accounting and financial reporting of Village resources
  • Business licenses
  • Capital asset accountability
  • Cash (treasury) management
  • Cash disbursements and accounts payable
  • Cash receipts
  • Debt management
  • Employee benefit and retirement matters
  • Financial budgeting and forecasting
  • General ledger
  • Grant(s) management
  • Insurance and risk management
  • Parking ticket violation collection and set-up court dates
  • Payroll and personnel matters
  • Police Pension Fund accounting
  • Purchasing
  • Utility billing
  • Vehicle license registration and sale

The Finance Department works with the Village's Departments to create several reports and information on the financial condition of the government.

Budget

Each year, Village staff develops a budget, which is then reviewed and adopted by the Village Board. This budget is a planning document that directs project management and dictates where monies will be spent. The Village’s budget runs from January 1st through December 31st. 

Click here to view the Final FY 2026 Budget

Click here Version Options Financial Documents and Plans Headline to view prior year budgets 

Budget in Brief

The Budget in Brief summarizes the Calendar Year 2024 Budget for January 1, 2024 to December 31, 2024, which was approved by the Village Board on December 5, 2023. Municipal budgets are lengthy and complex documents, so the Budget in Brief is intended to make it easier to learn about the Village’s budget, programs, and services while presenting an accurate depiction of how resources are deployed.

Click here to view the Village's most recent Budget in Brief.

Click here view prior year Budget in Brief documents.

Annual Comprehensive Financial Report

In addition to publishing an annual budget, the Village also releases an Annual Comprehensive Financial Report. This report is required by the Governmental Accounting Standards Board and provides an overview of the financial statements according to generally accepted accounting principles. 

Click here  Version Options Financial Documents and Plans Headline to view the most recent Annual Comprehensive Financial Report.

Click here Version OptionsFinancial Documents and PlansHeadline to view the past Annual Comprehensive Financial Reports.

Popular Annual Financial Report

The Popular Annual Financial Report summarizes the Fiscal Year 2023 Annual Comprehensive Financial Report for May 1, 2022 to April 30, 2023. The Annual Comprehensive Financial Report is a lengthy and complex document. The Popular Annual Financial Report is intended to make it easier to learn about the Village’s audited financials while presenting an accurate depiction of how resources are deployed. 

Click here to view the Village's most recent Popular Annual Financial Report. 

Click here to view the prior year Popular Annual Financial Reports.