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Financial Documents

Audits & Financial Reporting

The City is audited annually as required by the State of Illinois. A single audit is performed if expenditures of federal funds exceed $500,000 during the fiscal year. This is a requirement of the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement.

Fiscal Year Budget

Each fiscal year, the City passes a budget ordinance, which is then filed with the Fulton County Clerk. The ordinance must be filed by the last Tuesday in April preceding the start of the fiscal year.

Budget Ordinance

Fiscal Year Tax Levy

In December of each year, the City passes a tax levy ordinance which is filed with the Fulton County Clerk. The ordinance must be filed by the last Tuesday in December for taxes to be levied in the following fiscal year.

Approved Tax Levy

Monthly Treasurer & Disbursement Reports

At the Clerical Committee meeting each month, the Treasurer presents a Treasurer’s Report for the preceding month. A listing of all disbursements made in the prior month is also presented. In October of each year, the Treasurer produces the Annual Treasurer’s Report and Salary Publication.

Monthly Treasurer Reports
FY 2021 Reports
FY 2020 Reports
FY 2019 Reports
FY 2018 Reports
FY 2017 Reports
FY 2016 Reports
FY 2015 Reports
FY 2014 Reports

Annual Treasurer’s Reports & Salary Calculations

Compensation Public Act

Public Act 97-0609 states that any employer within the state of Illinois participating in the Illinois Municipal Retirement Fund is required to post the total compensation of any employee earning $75,000.00 in a total compensation package.

Compensation Report – Public Act 97-0609