Budget & Financial Documents

This page contains annual Budgets and other Financial documents for each year listed.  Within the folder for each year, you will find, in most cases, the following documents:  

Annual Budgets: The annual budget sets forth the annual operating expenses and revenues for the current fund and water utility operations, as well as the capital improvement program and budget.  In most cases there is the official long form (State) of the entire budget, as well as a compressed easy to read spreadsheet form of the Current Fund budget.

Annual Financial Statements:  This annual document is filed by February 10th each year to reflect the results of all operations in the preceding year.

Annual Debt Statements:  This annual document is filed by January 31st each year to reflect the outstanding and authorized debt of the Village and the change in the debt condition during the preceding year.

Annual Audits: This annual document is prepared by an independent Accounting Firm and audits the Village's books and accounts of the preceding year and provides and overview of all operations and the state of the Village's finances as of December 31st of the year being audit.

2021 Budget Calendar

OCTOBER 2020

  • Capital Request will be collected and compiled from departments

NOVEMBER 2020

  • Department Operating Budgets Review
  • Trustee Committee Budget Discussion 
  • Community Organization Funding Request Presentations at BOT Meetings November 9 and 23rd.

Organizations: SOPAC, SOVCA, YouthNet, Environmental Commission, CCR
 

DECEMBER 2020

  • Presentation of Draft Capital Budget to BOT
  • Department Presentations with the Board of Trustees, December 18, 2020 beginning 9:00 a.m. 

Estimated Timing for the Department Budget Presentations:

Administration: 9:00
Building & Code Enforcement: 9:15
Clerk's Office: 9:30
Engineering: 9:45
Fire Department:10:00

Information Technology: 10:20
Police Department: 10:30
Public Works:11:00

  • Second Department Presentations with the Board of Trustees, December 28, 2020 beginning 6:30 p.m.

Estimated Timing for the Department Budget Presentations:

Department of Health: 6:30
Recreation and Cultural Affairs 6:45
Tax Assessor: 7:10
Tax Collector: 7:20
Water Utility Department 7:30

JANUARY 2021

  • Public Discussion on Budget (BOT, Finance Committee and  CBAC meetings)
     

    - January 14, 2020: Finance Meeting 
    - January 25, 2020: Board of Trustee Meeting  

FEBRUARY 2021

  • Introduction of Budget at BOT Meeting (February 22, 2021)
  • Introduced Budget Sent to the State for Review 

MARCH 2021

  • Public Comment at BOT Meeting for Introduced 2021 Budget 
  • Final Passage of 2020 Budget (March 22, 2021)
  • Final Sent to the State 

Financial Documents