(A) Within six months after the end of each fiscal year, the Treasurer shall prepare and file annually with the Village Clerk an account of moneys received and expenditures incurred during the preceding fiscal year as specified in this section.
(B) The Treasurer shall show the following in the account:
(1) All moneys received by the village, indicating the total amounts in the aggregate received in each account of the village, with a general statement concerning the source of the receipts; provided, however, for the purposes of this division, the term
ACCOUNT shall not be construed to mean each individual taxpayer, householder, licensee, utility user or other persons whose payments to the village are credited to the general account;
(2) Except as provided in division (B)(3) below all moneys paid out by the village where the total amount paid during the fiscal year exceeds $2,500, giving the name of each person to whom paid, on what account paid, and the total amount in the aggregate paid to each person from each account;
(3) All moneys paid out by the village as compensation for personal services, giving the name of each person to whom paid, on what account paid, and the total amount in the aggregate paid to each person from each account; and
(4) A summary statement of operations for all funds and account groups of the village as excerpted from the annual financial report, as filed with the appropriate state agency of the state.
(C) Upon receipt of the account from the Village Treasurer, the Village Clerk shall publish the account at least once in one or more newspapers published in the village.
(2001 Code, § 1-2-83)
Statutory reference:
Similar provisions, see ILCS Ch. 65, Act 5, § 3.1-35-65