Finance

Responsibilities of the Finance Department
The Finance Department assures the safety and professional management of village financial resources, by implementing legal and professional standards for local government financial reporting. Its responsibilities include: 
  • Implementation of council policies, rules and regulations affecting financial activity
  • Assisting in budget preparation; working with village financial advisers regarding capital and debt management
  • Working with village departments to administer fiscal resources
  • Preparing and keeping all village financial records
  • Preparing monthly and annual fiscal reports, including the audit and treasurer’s reports
  • Overseeing the village’s purchasing process
  • Tracking village cash flows
The Finance Department includes the Water and Sewer Billing Department.

Annual Reports
The village’s Annual Budget is an important tool, serving as a financial plan, an operations guide, and a communications device, informing village residents as to how money will be spent and communicating spending limits to the various village departments. The Adopted Budget for FY14 is available for review and comment. Please contact the finance director with any questions or comments regarding the Annual Budget.

Financial Reports
 The annual financial reports of the village provide an overview of the village’s financial activities for the fiscal year (May 1 through April 30). It consists of a series of financial statements which provide a picture of all financial resources and uses, including equity in property and long-term debt. The Audited Financial Statements for the Year ending April 30, 2012 is available for review and comment. Please contact the Finance Director with any questions or comments regarding the Audited Financial Statements.