Finance Department
- Introduction
- Staff & Services
- Budgets
- Financial Reports
- Tax Levy
- Water Billing
- Place of Eating Tax
- Other Reports
Introduction
Description of Operations
The Finance Department consists of the Finance Director, Assistant Finance Director, and three Accounting Clerks. The Finance Director serves two roles: first he is responsible for the financial management and fiscal affairs of the Village and, second, he is responsible for the Information Technology of the Village.
The Finance Department provides an internal service function for the Village Board and administrative operations. Its mission is as follows:
Financial Management: To prepare timely and accurate financial information for analysis and decision making. Services include monthly and annual accounting, payroll, and analysis work; preparation of monthly and annual financial statements; preparation of the annual Tax Levy, and the coordination and development of the annual budget.
Cash, Investment, and Debt Management: To develop and maintain investment policies and strategies to maximize the Village’s funds while maintaining safety and liquidity, including overseeing debt structure to ensure that reasonable levels are maintained in relation to cash position and fund balances.
Information Technology: To develop and maintain the Village’s current and emerging technologies. Services include:
- Administration of the Village’s wide area network system.
- Server and workstation hardware and software support and maintenance; support of the Village’s main Financial, Community Development, and Police systems.
- Support and maintenance of the Village’s web site and emerging Internet technologies.
- Development of current and long range planning in order to keep the Village’s operations technologically up to date.
Staff & Services
| Jerry C. Sapp Finance Director (630) 654-8181 Ext. 4000 Email: jsapp@burr-ridge.gov |
Lynette Zurawski Assistant Finance Director (630) 654-8181 Ext. 4010 Email: lzurawski@burr-ridge.gov |
| Amy Sullivan Accounting Clerk - Accounts Receivable & Cash Receipts (630) 654-8181 Ext. 4040 Email: asullivan@burr-ridge.gov |
Barb Joyce Accounting Clerk - Water billing (630) 654-8181 Ext. 4030 Email: bjoyce@burr-ridge.gov |
Sandy Carman |
The Finance Department consists of the Finance Director, Assistant Finance Director, and three Accounting Clerks.
The Finance Director serves two roles: management of the fiscal affairs for the Village, and management of Information Technology systems for the Village. The Finance Director supervises the department’s staff and is involved daily with budgeting, financial analysis, treasury, debt management and information technology.
The Assistant Finance Director’s primary responsibility is financial reporting and the general ledger and acts as a back-up for budgeting, financial analysis, the treasury, debt management and information technology.
Accounting/Water Billing Clerk is responsible for all matters regarding utility billing.
The Accounting/Accounts Payable Clerk is responsible for all matters regarding accounts payable and the Village’s payroll.
The Accounting/Accounts Accounts Receivable Clerk is responsible for all matters regarding accounts receivable and cash receipts.
Budgets
Below are the last five years of the Village's annual budget document. The budget is developed annual by the Village Staff and Board of Trustees and represents Village's operating plan.
Financial Reports
Annual the Village performs an audit of it's financial records by an independent audit firm. Below is the last five years of audits.
Annual Financial Report 2010-11 (PDF)
Annual Financial Report 2009-10 (PDF)
Annual Financial Report 2008-09 (PDF)
Annual Financial Report 2007-08 (PDF)
Annual Financial Report 2006-07 (PDF)
Tax Levy
Thee Village Board of Trustees holds a public hearing on the second Monday of December before the passage of the Tax Levy Ordinance that sets the tax levy dollar amount. This Ordinance must be passed and filed with the respective counties by the last Tuesday in December of each year. The estimated 2011 tax levy rate is $.0781 with a debt service rate of $.0382, for a total of $.1164.
| VILLAGE OF BURR RIDGE | ||||||
| 2011 PROPOSED TAX LEVY AND RATES | ||||||
| $1,253,414,505 | 2010 Actual EAV | |||||
| $1,328,619,375 | 2011 Estimated EAV | |||||
| 2.00% | Increase In Value | |||||
| 4.00% | New Construction | |||||
| 6.00% | Total | |||||
| Levy | (1) | Extended | Extended | |||
| Fund | Amount | Amount | Rate | |||
| Corporate | 60% | $322,530 | $332,206 | 0.0250 | ||
| Police Protection | 40% | $215,020 | $221,471 | 0.0167 | ||
| Police Pension | $470,523 | (2) | $484,639 | 0.0365 | ||
| Subtotal | $1,008,073 | $1,038,315 | 0.0781 | |||
| Bond & Interest | $493,058 | (3) | $507,850 | 0.0382 | ||
| Total | $1,501,131 | $1,546,165 | 0.1164 | |||
| Estimated Limiting Rate, exclusive of Debt Service | 0.0781 | |||||
| Total Dollar Amount Increase Over Last Year | $54,387 | |||||
| Total Percentage Increase Over Last Year | 5.53% | |||||
| (1) 3% extension for loss and cost | ||||||
| (2) Based on an independent actuarial valuation dated April 30, 2011 | ||||||
| (3) Required Debt Service of the 2003 General Obligation Bonds | ||||||
Water Billing
The Village conducts water billing on a bi-monthly basis. Inquiries regarding your water bill or water bill payment should be directed to the Finance Department by calling (630) 654-8181 during normal business hours. If you are unable to speak to a live person please leave a message. Your call will be returned as promptly as possible in the order it was received.
For more information about water billing, click here.
Place of Eating Tax
Effective May 1, 2012, the Village of Burr Ridge will impose a 1% Place of Eating Tax (Ordinance #A-383-01-12). Places of eating are required to return their completed registration form by May 1, 2012. 25% of the Place of Eating Tax proceeds will be set aside for the purpose of promoting Burr Ridge restaurants.
- Place of Eating Registration Form
- Place of Eating Tax Return Form
- Place of Eating Tax FAQ's
- Place of Eating Tax Ordinance #A-383-01-12