Finance

Thank you for visiting the Finance Department, which is located in the historic Village Hall building constructed in 1927, across from the Elm Street Train Station. The Finance Department is the main counter for conducting financial transactions with the Village.

Responsibilities

The Finance Department is responsible for the collection and disbursement of all Village Funds.

Major responsibilities of the department include:

  • Accounts payable and accounting
  • Commuter and employee parking permits
  • Payment of permits and licenses
  • Payroll and benefit administration
  • Preparation of the budget, capital planning
  • Purchasing
  • Risk management
  • Sale of dog licenses
  • Sale of vehicle stickers
  • Utility service billing

Budget

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 12.67 cents of every property tax dollar paid.

Property Tax Dollar Break Down Example

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.

Compensation Disclosure

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.