Within six months after the end of each fiscal year, the municipal treasurer must prepare a statement of receipts and disbursements. This statement is known as the "Annual Treasurer's Report" and its requirements are found in Chapter 24, paragraph 3-10-5.1 to 3-10-5.4 of the Illinois Revised Statutes. The report is published annually in the local newspaper.
Each report contains the following information:
- A summary of revenues, expenditures and changes in fund balance of the Village's funds.
- A listing of all vendors receiving more than $2,500 by name and amount.
- The total amount disbursed to vendors receiving under $2,500.
- The name and gross amount received in compensation by each elected official and employee.
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