Annual Comprehensive Financial Reports-Audits

An annual audit by independent third party auditors is mandated by state law and must be posted on the Village’s website after acceptance by the Board of Trustees.  This annual report is the most comprehensive look at the Village’s financial performance and health during the last fiscal year.  (The Village’s fiscal year is the calendar year).  The auditors use a “Modified Accrual” accounting system for municipalities, which can sometimes be difficult to fully understand by non-accountants.  Please feel free to contact the Finance Department with any questions you may have.