Finance

Every year your Village is audited by an outside audit firm to ensure that all money handled by the Village as taxes or revenue and as expenses are properly recorded in compliance with generally accepted accounting standards. Upon completion of the audit the Village publishes the audit results in Adobe PDF form on this page (upper right hand corner).

In the interest of greater financial transparency, we are publishing a new feature to make it easier to understand where the Village gets money from, where we spend it and who does business with the Village. Every source of revenue is explained in plain English and every major expense category is explained as well.

Once a month we will be updating three key pages under the heading Who does the Village spend money with.

• Vendors awarded Village contracts - this page details vendors awarded Village contracts for goods and services
• Vendors Paid $5,000 or more in 2009 - this page will tell you every month the name of any vendor that was paid more than $5,000 in a month and the total they have been paid YTD along with a short explantion of what was purchased.
• Reimbursements to Village Officials - this page details any payments other than salary paid to any Village official (appointed or elected).

If you have questions or comments, please send an email to the author of our first financial transparency report, Trustee Masterson.