(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 monies received and expenditures incurred during the preceding fiscal year as specified in this section.
(B) The Treasurer shall show the following in such account:
(1) All monies 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 such receipts; provided, however, for the purposes of this division (B)(1), the term ACCOUNT shall not be construed to mean each individual taxpayer, householder, licensee, utility user or such other persons whose payments to the village are credited to the general account;
(2) Except as provided in division (B)(3) below all monies 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 monies 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 such account from the Village Treasurer, the Village Clerk shall publish the account at least once in one or more newspapers published in the village.
(65 ILCS 5/3.1-35-65) (2009 Code, § 1-2-83)
Editor’s note:
The Treasurer shall file a copy of the report with the County Treasurer as provided in 65 ILCS 5/3.1-35-70.