The annual budget for the Village of Flossmoor is for the period beginning May 1 and ending April 30 each fiscal year. This document represents the collaborative efforts of the management staff and the Village Board to produce a balanced financial plan and work program for the year. The Village of Flossmoor’s annual operating budget serves as the primary planning and financial tool to accomplish the many objectives, policies and programs set by the Village Board.
The Village Board approved the FY22 Annual Operating Budget at the April 19, 2021 meeting.
The Village is required to issue annually a report on its financial position and activity presented in conformance with the United States Generally Accepted Accounting Principles (GAAP) and audited in accordance with generally accepted auditing standards by an independent firm of certified public accountants. Review the Annual Report.
Popular Annual Financial Report
The Village’s first Popular Annual Financial Report (PAFR) is now available. The PAFR is a brief summary and analysis of the Village’s finances to help residents understand how the Village uses its financial resources. Read the Fiscal Year 2020 Popular Annual Financial Report (PDF).
The Government Finance Officers Association (GFOA) awarded the Village of Flossmoor a Certificate of Achievement for Excellence in Financial Reporting for the 2013 Comprehensive Annual Financial Report. This was the 36th consecutive year the Village received this prestigious award. This award is the highest form of recognition in the are of governmental accounting and financial reporting.