Finance

Responsibilities

Under the direction of the Village Administrator, the Finance Department is responsible for all financial transactions of the Village, including:

• Financial reporting
• Collection of revenues
• Maintenance of the general ledger
• Accounts payable
• Accounts receivable
• Payroll 
• Investment of Village funds
• Capital assets

The Department is comprised of two contract employees, the Chief Financial Officer (CFO) and an Accounting Manager, and one full-time Village employee, the Senior Accounting Analyst responsible for payroll, accounts payable and receivable, and cash receipts. The CFO is also responsible for the preparation of the Annual Comprehensive Financial Report (ACFR) and the Annual Operating Budget.

Accomplishments

The Village has maintained a Standard & Poor’s Triple A (AAA) bond rating since 2015. This rating is reserved for debt issuers with a high level of credit worthiness and fiscal responsibility.

Since 1989, the Village has annually received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA). The Village recently received the coveted Triple Crown Award from the GFOA for fiscal year 2022/2023 for having received GFOA's Certificate of Achievement for Excellence in Financial Reporting, the Popular Annual Financial Reporting Award, and the Distinguished Budget Presentation Award.

Mission

Our mission is to provide exceptional customer service to residents and businesses, other Village departments, and other governmental agencies by maintaining fiscal responsibility, monitoring and reporting financial activity on a regular basis, and maintaining procedural control.