2022 Budget in Brief

VILLAGE FINANCES

VILLAGE FINANCES

capital projects as well as details of our operating budget.

The Finance Department’s mission is to professionally and responsibly manage the financial affairs of the Village, to protect and further the Village’s strong financial reputation and to effectively and efficiently provide related support services to Village residents, as well as other operating departments and decision makers of the Village. We commit to anticipate, meet and exceed the service needs of the community and fellow employees. In 2021, the Finance Department saw significant progress in financial software implementation, with improved bidding and contract processing. This year, payroll processing consolidated from dual processes each pay period to a single, more effective, process. Accounts payable and payroll processing also became outsourced, with both including process improvements. Monthly financial reporting was improved and policies were updated, including:

For the past 5 years, the Village has prepared a Popular Annual Financial Report (PAFR), receiving recognition for each report, which focuses on providing financial information in a transparent manner that can be understood by non- accountants. The Village of Orland Park is one of only 24 governments in Illinois, and 231 governments in the United States and Canada, to achieve the Government Finance Officers Association’s Triple Crown of Financial Reporting Awards. Since fiscal year 2006, the Finance Department has been awarded the GFOA Distinguished Budget Presentation Award. To qualify for this award, the Village’s budget document is judged to be outstanding as a financial policy document, operations guide and communications device. In 2021, the Village received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association. This is the 33rd year in a row the Village has received this award. We have submitted the 2021 ACFR for the award program and are awaiting results. We believe that document continues to meet the high standards set forth in the program.

• Travel & Training • Investments • Whistleblower Protection • Debt Management • Post-Insurance Compliance

A water rate study is currently in progress and is expected to be completed in 2022. ClearGov was also implemented, which provides a user friendly web portal for residents to view details on many

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VILLAGE OF ORLAND PARK | FISCAL YEAR 2022 BUDGET IN BRIEF