PROPOSED FY26 BUDGET	FISCAL YEAR 2025 BUDGET

 

Annual Comprehensive Financial Report (ACFR)

This detailed report presents the Village's audited financial statements, offering a comprehensive overview of its financial position and activities for the fiscal year. It adheres to generally accepted accounting principles (GAAP) and includes insights into the Village's financial health and management. This document can be found in the "Audits" section of the Public Portal at the link above.

Annual Treasurer's Reports

These reports provide a summary of the Village's financial activities, including revenues, expenditures, and fund balances. They serve to inform residents about the financial operations and fiscal responsibility of the Village government.

Fiscal Year Budget

The annual budget outlines the Village's financial plan for the fiscal year, detailing anticipated revenues and planned expenditures. It serves as a policy document, operations guide, financial plan, and communication tool for residents and stakeholders. The Village's fiscal year runs from January 1 to December 31. The creation of the annual budget process begins in June and runs through December. It includes a budget workshop that is open to the public in November and a budget hearing in December each year. To view the Total Compensation Package reports, click here to visit the Village's Public Document Portal.

To learn more about the annual budget, please contact the Finance Department at 847-960-7400.

Popular Annual Financial Report (PAFR)

This user-friendly report summarizes key financial information from the ACFR, presenting it in an accessible format for the general public. It highlights major financial trends and provides insights into the Village's fiscal performance.

  

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