(A) Each trustee shall receive the compensation that is fixed by ordinance. Compensation shall be fixed 180 days before the beginning of the term for which compensation is to be fixed.
(B) This ordinance shall specify whether Trustees are to be compensated at an annual rate or for each meeting of the Board of Trustees actually attended by each Trustee if public notice of the meeting was given.
(C) Each Trustee may receive reimbursement from the village for expenses incurred by the member in attending committee meetings of the Board of Trustees or for other expenses incurred by the Trustee in the course of performing official duties.
(65 ILCS 5/3.1-50-5, 3.1-50-10, 3.1-50-15)