The Village of Glenview

Finance


Village Budget

Glenview is a home-rule municipality and creates a formal budget on an annual basis. The budget projects the financial operating plan for expected revenues and allocates resources to particular expenditures. Resources from many sources are allocated for services and programs. The budget is typically adopted in December for the following fiscal calendar year, following a series of public budget workshops and a Capital Improvement Program workshop for resident input.

Please note that these budgets are in PDF format and are very large. To open them, you'll need to have Adobe Reader on your computer; download a free copy at www.adobe.com


Notice of Independent Registered Municipal Advisor

Financial information

The Village’s financial standing is evaluated by Moody’s Investors Services when general obligation bonds are issued or refunded or when the Village seeks an affirmation. The official statement describes the financial health of the municipality issuing the bond in the form of a rating.



Financial policies

These comprehensive financial polices set forth the framework for financial planning and decision-making to preserve, promote, and enhance the fiscal stability in the Village of Glenview. The policies include administrative functions, some of which include budgeting, capital improvements, debt, investments, and procurement. They are periodically reviewed to include changes in the profession, to reflect changes in state statutes, to incorporate industry standard best practices, and to review their impact on service quality.

Fees

Fees and charges are listed in Chapter 30 of the Municipal Code of the Village of Glenview.

Audit reports (CAFR)

State law requires that every general-purpose local government publish, within six months of the close of each fiscal year, a complete set of audited financial statements. The Comprehensive Annual Financial Report of the Village of Glenview, Illinois, is published to fulfill that requirement.

The independent auditors’ report is located at the front of the financial section of each annual report, followed by Management’s Discuss and Analysis, which provides a narrative introduction, overview and analysis of the basic financial statements.

Comprehensive Annual Financial Reports


Audit management letters


Monthly Financial Report

This report highlights the financial position of the village through that portion of the calendar year, with an analysis of actual revenues and expenditures compared to that year’s budget and compared to actual revenues and expenditures from the previous year.


Annual Treasurer's Report

The Treasurer’s Report for the fiscal year is published in compliance with 65 ILCS 5/3-10/1 of the Illinois Compiled Statutes.