Alsip § 2.150 Administration & Government Section Created This section creates the office of the Finance Director for the Village of Alsip. The Finance Director will oversee general financial management and the finance department's day-to-day operations, reporting directly to the Mayor. View in Alsip’s full code →
Alsip § 2.151 Administration & Government Section Appointment This section details the appointment process for the Finance Director, requiring the mayor to make the appointment with the approval of the board of trustees. It also references a state law regarding the appointment of a treasurer. View in Alsip’s full code →
Alsip § 2.152 Administration & Government Section Powers and duties generally This section outlines the general powers and duties of the Finance Director in Alsip. It includes responsibilities for financial management, receipt and disbursement of village funds, maintaining accurate financial records, and serving as the village's representative to the Illinois Municipal Retirement Fund. View in Alsip’s full code →
Alsip § 2.153 Administration & Government Section Monthly statements; payment of funds This section mandates the Finance Director to provide monthly financial statements to the corporate authorities, detailing the treasury's state, funds received, and warrants paid. It also outlines strict rules for the disbursement of funds, prohibiting payments from incorrect funds or transfers without authorization. View in Alsip’s full code →
Alsip § 2.154 Administration & Government Section Deposit of funds; designation of bank; qualification of bank This section outlines the process for designating banks as depositories for village funds, requiring the Finance Director to keep funds in designated places and specifying conditions for bank qualification, including financial reporting and deposit limits based on bank capital stock and surplus. View in Alsip’s full code →
Alsip § 2.155 Administration & Government Section Personal use of funds; removal from office for violation This ordinance prohibits the Alsip Finance Director from commingling village funds with personal money or using village funds for personal benefit. Violations result in immediate removal from office and appointment of a successor. View in Alsip’s full code →
Alsip § 2.156 Administration & Government Section Report required; account of receipts and disbursements The Finance Director is required to provide a comprehensive report of all village receipts and expenditures to the corporate authorities upon their request. This report is based on the financial records maintained by the village. View in Alsip’s full code →
Alsip § 2.157 Administration & Government Section Annual accounts; preparation and filing; contents; publication This section mandates the annual preparation and filing of financial accounts by the Alsip Finance Director with the Village Clerk, detailing all receipts and expenditures above a certain threshold. The Village Clerk is then required to publish this account. View in Alsip’s full code →
Alsip § 2.158 Administration & Government Section Copy of annual account; filing; affidavit The finance director must file a copy of the village's annual account, as published by the village clerk, with each tax collector within six months of the fiscal year's end. This filing must include an affidavit from the village clerk confirming the accuracy, publication, and dates of filing and publication. View in Alsip’s full code →
Alsip § 2.159 Administration & Government Section Failure to file account; effect; noncompliance by finance director or village clerk This section outlines the consequences for the finance director failing to file the annual account and affidavit with the collector on time, specifically the withholding of village funds. It also clarifies that noncompliance by the finance director or village clerk does not prevent them from filing late, and funds will be released upon proper filing. View in Alsip’s full code →
Alsip § 2.160 Administration & Government Section Violations; penalties This section establishes penalties for public officers who fail to perform duties mandated by the article, referencing a specific section of the Illinois Municipal Code for those penalties. View in Alsip’s full code →
Alsip § 2.161 Administration & Government Section Special assessment funds This section mandates that all funds collected from special assessments must be held by the finance director in a special fund. These funds are exclusively to be used for paying off the specific improvement for which the assessment was levied, or for reimbursing the village for its expenditures on that improvement. View in Alsip’s full code →
Alsip § 2.162 Administration & Government Section Collection This section authorizes the Finance Director of Alsip to pursue collection of debts owed to the village through authorized agencies, set-offs, and denial of village permits, licenses, or services. It also outlines a process for contesting debts by posting financial security. View in Alsip’s full code →
Alsip § 2.320 Administration & Government Section Created; composition This section establishes the Finance Department in Alsip and outlines its composition, including the Finance Director and other positions authorized by the corporate authorities. View in Alsip’s full code →
Alsip § 2.321 Administration & Government Section Finance director This section establishes the finance director as the administrative head of the finance department, responsible for its operation. The director is also tasked with performing duties outlined in article IX of the Code and any directives from the mayor. View in Alsip’s full code →
Alsip § 2.323 Administration & Government Section Information technology/network services manager This section establishes the position of Information Technology/Network Services Manager within the Finance Department. This manager is responsible for the village's computer and network systems and is appointed by the mayor with the consent of the board of trustees. View in Alsip’s full code →
Alsip § 2.324 Administration & Government Section Staff accountant This section establishes the position of a staff accountant within the finance department, outlining their responsibilities for financial reporting, auditor liaison, and other duties assigned by the finance director. The finance director is responsible for selecting and appointing the staff accountant. View in Alsip’s full code →
Alsip § 2.325 Administration & Government Section Accounting clerk This section establishes the part-time position of Accounting Clerk within the Alsip Finance Department. The Accounting Clerk is responsible for payroll and accounts payable, with duties assigned by the Finance Director, who also selects and appoints the individual. View in Alsip’s full code →
Arlington Heights § Section 3.201 Administration & Government Section Finance Director This section establishes the office of Finance Director within the Finance Department, appointed by and reporting to the Village Manager. The Finance Director is responsible for assisting with budget preparation, conducting financial investigations, prescribing accounting standards, administering revenue sources, and advising on financial matters. View in Arlington Heights’s full code →
Arlington Heights § Section 3.202 Administration & Government Section Finance Department This section outlines the structure and responsibilities of the Finance Department in Arlington Heights, specifically detailing the duties of the Treasury Division. It covers the collection and management of village funds, including special assessments, deposits, and check signing procedures. View in Arlington Heights’s full code →
Arlington Heights § Section 3.203 Administration & Government Section Fees to be Placed in General Corporate Fund This section mandates that all fees collected by the Finance Director, unless otherwise specified in the Code, must be deposited into the Village's General Corporate Fund. View in Arlington Heights’s full code →
Arlington Heights § Section 3.204 Administration & Government Section Transfer of Special Funds to the General Corporate Fund This section outlines the process for returning unclaimed escrow funds to original depositors. If depositors cannot be located, specific notification procedures are followed, after which unclaimed funds can be transferred to the Village's General Corporate Fund by the President and Board of Trustees. View in Arlington Heights’s full code →
Bannockburn § 28.1 Administration & Government Section Investment policy This section provides a glossary of terms used within Bannockburn's Investment Policy article. It defines various financial and investment-related terminology relevant to municipal financial management. View in Bannockburn’s full code →
Bannockburn § 28.14 Administration & Government Section Definitions This section defines key terms used within the article concerning the recordkeeping for the issuance of bonds and other obligations. It clarifies terms like BUILD AMERICA BONDS, COMPLIANCE OFFICER, OBLIGATIONS, TAX-EXEMPT OBLIGATIONS, and VILLAGE. View in Bannockburn’s full code →
Bannockburn § 28.15 Administration & Government Section Responsibility for records This section designates the Village Manager as the official custodian of all Village records pertaining to bonds and other obligations. The Village Manager is required to report annually to the Village Board on the status of these records. View in Bannockburn’s full code →
Bannockburn § 28.16 Administration & Government Section Records to be maintained This section mandates that the compliance officer for Bannockburn must maintain complete records of all documents and agreements related to the authorization and issuance of municipal obligations and bonds. View in Bannockburn’s full code →
Bannockburn § 28.17 Administration & Government Section Arbitrage rebate liability This section mandates an annual review of village bond agreements by a compliance officer or qualified consultant to determine any arbitrage rebate liability to the U.S. Treasury. The resulting report, which may include opinions from bond counsel, will be presented to the Village Board. View in Bannockburn’s full code →
Bannockburn § 28.18 Administration & Government Section Recommended records; retention period This section outlines the compliance officer's responsibilities in reviewing records to maintain tax exemptions for bonds and the qualification of Build America Bonds. It specifies a retention period for these records, extending beyond the life of the obligations. View in Bannockburn’s full code →