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Food and Beverage
Tax Information
Click here to download FAQ relating to food and beverage tax (pdf).
Click here to download a Registration Form (pdf).
Click here to download the Food and Beverage Tax Return Form (pdf).
Click here to download the Food and Beverage Tax Ordinance #2010-44 (pdf).

2013 CAFR
Comprehensive Annual Financial Report - Year Ended April 30, 2013
2012 CAFR
Comprehensive Annual Financial Report - Year Ended April 30, 2012
2011 CAFR
Comprehensive Annual Financial Report - Year Ended April 30, 2011
2010 CAFR
Comprehensive Annual Financial Report - Year Ended April 30, 2010
2009 CAFR
Comprehensive Annual Financial Report - Year Ended April 30, 2009
2008 CAFR
Comprehensive Annual Financial Report - Year Ended April 30, 2008
Annual Budget
FY 2014-2015

 

Finance Department

Welcome to the World of Finance

The Finance department is charged with these primary responsibilities:

  • Maintaining the financial records of the Village.
  • Collecting all revenues due the Village.
  • Assuring all debts are promptly satisfied.
  • Providing for the safeguarding of assets.
  • Providing financial information and support to all Village departments.
  • Submitting monthly financial status reports to the Village Administrator and Village Board of Trustees.
  • Providing estimate information for purposes of compiling budgets.
To carry out these duties, the department is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the Village are protected from loss, theft or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles.

Department Organization

In an effort to achieve the department's purpose, a total of six staff are employed serving in varying capacities, and are as follows:

  • The Finance Director/Treasurer directs and supervises the overall activities of the department.
  • The Assistant Finance Director is responsible for the supervision of two Accountants and two Accounting Technicians.  In addition, this position provides administrative, accounting and financial reporting support to the Finance Director/Treasurer.  
  • Two Accountants provides professional skills to the financial reporting and maintenance of the Village's financial records.
  • Two Accounting Technicians, primarily handle the responsibilities of Accounts Payable and Receivable.

Additionally, the department is instrumental in the compilation of the Village's Annual Budget.  The Budget establishes management's fiscal plan for the year and is the control tool employed and referenced throughout the year by Village staff. The services, programs, revenues and expenses contained in the Budget reflect the methods and use of resources through which staff intends to accomplish the goals and objectives of the President and Board of Trustees.  A summary of the Village's Budget for FY 2015 is shown below:

Village of Glendale Heights
Approved Fiscal Year 2014-2015 Budget
Resources:  
Tax Receipts $24,527,926
Licenses and Permits $1,540,590
Intergovernmental $996,644
Fees and Charges $13,184,735
Fines and Forfeitures $725,200
Interest Income $542,170
Miscellaneous Receipts $5,074,238
Other Financing Sources $4,389,139
Unreserved Fund Balance $1,649,527
Total Resources $52,622,169
   
Uses of Resources:  
Salaries and Wages $16,460,958
Employee Benefits $7,235,993
Contractual Services $3,936,310
General Operating Supplies $2,023,801
General Operating Equipments $43,347
Utilities $4,417,017
Rentals and Leases $171,445
Repairs and Maintenance $450,721
Memberships, Dues & Subscriptions $85,411
Community Contribution $664,815
Miscellaneous Expenses $2,621,129
Parks and Recreation Programs $466,402
Capital Outlays $5,052,900
Debt Service $4,610,781
Other Financing Uses $4,389,139
Total Uses of Resources $52,622,169

Village fiscal operations are independently audited every year. An audit is required by local regulation, State law, and debt issuance compliance. The audit process generally begins 60-90 days after the end of the fiscal year, and takes several months to complete. Auditors issue a Comprehensive report of fiscal operations. Local governmental officials may then use this information to supplement other methods of monitoring financial condition, such as for cash flow analysis and forecasting of revenues and expenditures.

The Village was notified on March 17, 2014 that its 2013 Comprehensive Annual Financial report qualified for a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA). This Certificate is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C.

2013 marks the 31st consecutive year the Village has received this award.

Senior Citizen Utility Tax Rebate Program

The Village offers a Senior Citizen Utility Tax Rebate Program to its residents. This program rebates qualifying* seniors towards Municipal utility taxes paid each year. The qualifying age is 65 and the rebate is a fixed amount of $75. Gross household income cannot exceed $40,000. An applicant can be either a homeowner or renter, and must be the same person whom utilities are billed to. Municipal utilities are typically charged on electric, natural gas, and telephone (land line and/or cellular). Rebate applications are only accepted and processed beginning January 1 and April 30.

Applications can be obtained at the Glendale Heights Center for Senior Citizens, 260 Civic Center Plaza or at Village Hall. Need to know more? Please call the Senior Center at 630.260.6050 or the Finance Department at 630.909.5342 or click here to download an application.

Reimbursements will be made within 30 days following receipt of a completed and verified application.

*Proof of age, income, residency and payment of utilities is required.

FINANCE DEPARTMENT
Finance Director William Poling - (630) 909-5342
Assistant Finance Director Julie Ciesla
Accountant Magda Bangit
Accountant Janet Mocny
Accounting Technician Cari Dukes
Accounting Technician Cathy Fredrick

 

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