Finance Department Goals
Popular Annual Financial Report: Create the Popular Annual Financial Report (PAFR) upon completion and publication of the Comprehensive Annual Financial Report to provide an easy-to-read report for staff and the public.
Bank Account Consolidation: Consolidate bank accounts currently split out by fund in the Village’s Financial Institutions. Update all internal processes and journal entries to reflect these changes accurately.
Storm Sewer Utility Fee: Implement the Storm Sewer Utility Fee to all utility billing customers. This will also consist of a final data validation in GIS and confirmation all accounts are being billed accurately.
Debt Restructure / Refinance: Continue consideration of the opportunity to refinance SSA Sedgebrook bonds if savings justify issuance. Continue to explore long-term financing opportunities and bring forward a recommendation to the Village Board for consideration.
Water Fund Balance Calculation: Update the manner in which the water fund balance is calculated to more accurately reflect the unrestricted net position and exclude any outside, uncontrollable factors.
Lease Analysis/Policy: Inventory all Village leases in preparation for GASB 87.
