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.

2024 Budget Development Timeline


  • Begin Departmental Operating & Capital Budget Development
    • Trustee Committees -  Capital Budget Discussions in committee 
    • Department Head Meetings with Administration – department heads to schedule meetings with Administration after Trustee Committee discussions


  • 12/1 - Department Capital Budget Requests Due to Admin
  • Final discussions with Trustee Committees as needed
  • 12/8 - Departmental Operating Budgets due to Admin
  • w/o 12/11 - Department Head/Admin Budget meetings


  • Continue internal departmental budget meetings and create presentations
  • Departmental Budget Presentations
    • January 20: 9am to 5pm


  • Organizations Budget Request Presentations to the BOT:
    • FEBRUARY 12: SODT, SOMA TV, Environmental Commission
    • FEBRUARY 26: CCR, SOPAC & YouthNet 
    • Public Discussion on Budget
      • FEBRUARY 28 2024: Finance Committee Meeting, 9am


  • March 11: Introduction of Budget BOT Meeting
  • Late March: Introduced Budget Sent to the State for Review 
  • March 25: Public Comment on Introduced 2024 Budget at 3/11 BOT Meeting 
  • April 8: Public Comment and Final Passage of 2024 Budget at BOT Meeting
  • Upon adoption: Final Budget Sent to the State 

Financial Documents