The Village of Streamwood is very proud of its long-standing commitment to good governance and sound financial planning. The Village has received the prestigious Government Finance Officers Association (GFOA) Award for Distinguished Budget Presentation and its Certificate of Achievement for Excellence in Financial Reporting for over 30 years.
Annual Audit Report
This is the 33rd consecutive year that Streamwood has prepared a Comprehensive Annual Financial Report (CAFR). The 2020 CAFR presents the financial position of each of the Village’s operating funds and follows reporting guidelines established by the Governmental Accounting Standards Board (GASB).
To view the Comprehensive Annual Financial Report for the Village of Streamwood for fiscal year 2020, please click here.
SAS 114 Letter
Below are required communication letters provided annually by our auditors in conjunction with the audit of the Village of Streamwood.
To view the Streamwood SAS 114 Letter, please click here.
The bills list is a listing, by vendor, of expenditures approved by the Board of Trustees at each of its regular meetings. This is a detailed account of the vendor checks written and approved by the Village Board.
To view the most current, approved bills list, please click here.
The Village of Streamwood follows a calendar year (January 1 - December 31) budget cycle. The budget process begins in summer, when the Village Board establishes its goals and objectives for the forthcoming year. Each department provides a proposed operating budget to the Finance Department for compilation into a budget review document. Meetings are held with the Village Board to ensure that all budget requests are aimed at meeting the goals and objectives of our community. Public hearings are held in November, and the Village Board adopts the annual budget in December.
To view the last three years of Budgets, see below:
Streamwood Annual Budget for 2022, please click here.
Streamwood Annual Budget for 2021, please click here.
Streamwood Annual Budget for 2020, please click here.
In compliance with 5 ILCS 120/7.3, a complete copy of the most recently adopted salary and benefits detail approved for our current budget year is available here. For additional information, please contact the Village Clerk's office by email or at (630) 736-3800.
The Treasurer's Report is a state-mandated report of key operational information on the financial management of the Village. The report includes information for the prior fiscal year, on the State of the Treasury (i.e. cash and investments, revenues and expenditures), a list of vendor disbursements in excess of $2,500, and payroll expenses by employee. The Treasurer's Report is published annually.
To view the Treasurer's Report for fiscal year 2020, please click here.
IMRF, Police, and Firefighter Pension Funds
The Village provides retirement and/or disability benefits, through the Illinois Municipal Retirement Fund (IMRF), for employees not covered under the Police or Firefighters Pension Funds. In compliance with 40 ILCS 5/7-135.5, information on the Village's participation, contributions and rates is available here.
The Village also maintains the Police and Firefighters Pension Funds, which are defined benefit contributory pension plans, created for the purpose of providing retirement and/or disability benefits to Police Officers and Firefighters, and their surviving spouses and dependents. A Statement of Investment Policy, Objectives and Guidelines is prepared for each pension fund.
To view the Village of Streamwood Police Pension Fund Statement of Investment Policy, Objectives and Guidelines, please click here.
To view the Village of Streamwood Firefighters Pension Fund Statement of Investment Policy, Objectives and Guidelines, please click here.
Per Illinois Revised Statutes (40 ICS 5) section 3-143 Report by Pension Board, the Police and Fire Pension Boards report annually to the Village Board on the condition of the pension funds at the end of their most recent completed fiscal year. The reports shall be made prior to the board meeting held for appropriating and levying taxes for the year for which the reports are made.
To view the Report for Tax Levy for the Police Pension Fund, please click here.
To view the Report for Tax Levy for the Fire Pension Fund, please click here.