The Village of Winnetka believes that financial information should be available for the general public so that they can understand our operations and how they are financed. To that end, the Village prepares an annual budget that outlines the revenues and expenditures for all major operations and capital expenditures for the Village.
The budget includes background narrative information highlighting the budgetary issues, a summary by departmental of goals, objectives, expenditures, and capital outlay. In addition, the budget contains the capital plan, select financial policies, and a detailed line item budget. Overall, the Village accounts for about 13 cents of every property tax dollar paid as shown in the graph below:
Annual Financial Report
The Village also produces a Comprehensive Annual Financial Report, which includes an Auditor’s report indicating that the Village’s financial statements meet all required accounting standards. Winnetka has earned the Government Finance Officer’s Association Award for Excellence in Financial Reporting annually since 1993.
The Village also complies with various State and Federal reporting requirements. Of particular note is the Village’s compliance with the required compensation disclosure for all Village employees.