Finance

Overview

The Finance Department administers and assists with all financial operations. The Department performs two distinct functions: day-to-day operations and other financial reporting functions. Day-to-day operations of the Department include processing payroll and accounts payable, issuing invoices, recording cash receipts, issuing and processing water, sewer, and refuse to bill, reconciling bank and investment broker accounts, collecting vehicle sticker revenue, and managing switchboard operations. Financial reporting functions of the Finance Department include the scheduling and oversight of the annual Village audit, the compilation and coordination of the annual Village budget, preparation, and publication of the annual Treasurer’s Report, grant reporting, and production of all calendar year tax documentation, including W-2’s, 1099’s and 1099-R’s. The Finance Department oversees and administers all economic development incentive agreements, including the Tax Increment Financing District and DownTown Park Forest.

The Deputy Village Manager/Finance Director is appointed as Village Treasurer. As such, he invests and monitors the Village’s funds. He is also the Treasurer of the Police Pension, Fire Pension, and Firefighters’ Insurance Funds. He participates as a member of the Village’s economic development task force, helping to negotiate incentive agreements and analyze the feasibility of Village assistance to development projects. He is the liaison to the Village’s financial consultants.

Information Technology, under the supervision of the Deputy Village Manager/Finance Director, coordinates various computer support services and functions for all Village departments. Involved in the application, installation, and management of computer hardware and software. Staff training is coordinated with Manager’s office.