Financial Information

 

2009 Comprehensive Annual Financial Report (CAFR)

The Government Finance Officers Association of the United States and Canada awarded a Certificate of Achievement for Excellence in Financial Reporting to the Village of Lake in the Hills for its comprehensive annual financial report for the fiscal year ended December 31, 2009. This was the tenth consecutive year that the Village has achieved this prestigious award.

In order to be awarded a Certificate of Achievement, the Village must publish an easily readable and efficiently organized comprehensive annual financial report.  This report must satisfy both generally accepted accounting principles and applicable legal requirements.

Comprehensive Annual Financial Report

 

Fiscal Year 2010 Budget

The Government Finance Officers Association presented the Village with the Distinguished Budget Presentation Award for the FY2010 Budget period.  FY2010 was the eleventh consecutive year that the Village has been presented this award!

A Certificate of Recognition for Budget Presentation was also presented to Gerald D. Sagona, Village Administrator for being instrumental in achieving this award. 

The Distinguished Budget Presentation Award is the highest form of recognition in governmental budgeting.  Its attainment represents a significant achievement for the Village.  In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device.

FY2010

 

Budget Overview

General Fund Summary

General Fund Revenues

Motor Fuel Tax Fund

Special Service Areas

Debt Service Fund

Lake Restoration Fund

PW Expansion/Renovation Fund

Water Capital Improvement Fund

Water Operating and Maintenance Fund

Airport Capital Improvement Fund

Airport Operating and Maintenance Fund

Health Insurance Fund

Police Pension Fund