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.

2023 Budget Development Timeline

 OCTOBER

  • 10/7 Department Capital Budget Requests Due to Admin
  • 10/10-26 Capital requests collected and compiled
  • 10/17-10/31 Admin/Departmental meetings re: capital budget requests

NOVEMBER 2022

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

DECEMBER 2022

  • Final discussions with Trustee Committees as needed
  • 12/16 - Departmental Operating Budgets due to Admin

JANUARY 2023

  • Continue internal departmental budget meetings and create presentations
  • Organizations Budget Request Presentations to the BOT:
    • January 9: SOPAC and Environmental Commission & CCR
    • January 23: SODT & YouthNet
  • Departmental Budget Presentations
    • January 21: 9am to 1pm
    • January 28: 9am to 1pm

FEBRUARY  2023

  • Public Discussion on Budget
    • February 16, 2023: Finance Committee Meeting

MARCH / APRIL 2023

  • Introduction of Budget at March 13, 2023 BOT Meeting
  • Introduced Budget Sent to the State for Review 
  • Public Comment at March 27 BOT Meeting for Introduced 2023 Budget 
  • Public Comment and Final Passage of 2023 Budget – April 10 BOT Meeting
  • Budget  Adopted April 24 BOT Meeting 
  • Final Budget Sent to the State 

Financial Documents

FY2023