Finance Department
- Introduction
- Staff & Services
- Budgets
- Financial Reports
- Tax Levy
- Water Billing
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. 200 Email: jsapp@burr-ridge.gov |
Lynette Zurawski Assistant Finance Director (630) 654-8181 Ext. 201 Email: lzurawski@burr-ridge.gov |
| Amy Sullivan Accounting Clerk - Accounts Receivable & Cash Receipts (630) 654-8181 Ext. 206 Email: asullivan@burr-ridge.gov |
Barb Joyce Accounting Clerk - Water billing (630) 654-8181 Ext. 203 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 2008-09 (PDF)
Annual Financial Report 2007-08 (PDF)
Annual Financial Report 2006-07 (PDF)
Annual Financial Report 2005-06 (PDF)
Annual Financial Report 2004-05 (PDF)
Tax Levy
Located within both Cook and DuPage Counties, the Village of Burr Ridge still has one of the lowest tax rates for a municipality in the Chicago metropolitan area. For a resident of Burr Ridge, the Village share of the 2006 average tax bill was approximately 2.6% (see below). For comparison purposes, consider that Du- Page County received, on average, 4.4% and Cook County received 9.0%. School districts constituted the largest share with, for example, High School District 86, on average, receiving 26.4% of the tax bill and Lyons Township High School District receiving 29.9%.
The Village tax base mix is comprised of 80% residential, 15% commercial, and 5% industrial. Over the past 10 years, the Village’s Equalized Assessed Valuation (EAV) has grown from $485,962,900 in 1997 to $1,088,575,147 in 2006 – a 124.0% increase. This represents an average annual increase of approximately 12.4%. Through this strong growth and development, the Village has kept its property tax levy and rate low. The tax rate for 2006 for a Village resident in DuPage County was $.1168 and, in Cook County, the rate was $.1270 per $100 of EAV.
The 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 2007 tax levy rate is $.0764 with a debt service rate of $.0400, for a total of $.1165.
VILLAGE OF BURR RIDGE |
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2008 PROPOSED TAX LEVY AND RATES |
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| $1,145,524,115 | 2007 Actual EAV | |||||
| $1,317,352,732 | 2008 Estimated EAV | |||||
| 3.00% | Increase In Value | |||||
| 12.00% | New Construction | |||||
| 15.00% | Total | |||||
| Levy | (1) | Extended | Extended | |||
| Fund | Amount | Amount | Rate | |||
| Corporate | 60% | $283,081 | $291,573 | 0.0221 | ||
| Police Protection | 40% | $188,720 | $194,382 | 0.0148 | ||
| Police Pension | $500,865 | (2) | $515,891 | 0.0392 | ||
| Subtotal | $972,666 | $1,001,846 | 0.0760 | |||
| Bond & Interest | $485,257 | (3) | $499,815 | 0.0379 | ||
| Total | $1,457,923 | $1,501,661 | 0.1140 | |||
| Estimated Limiting Rate, exclusive of Debt Service | 0.0760 | |||||
| Total Dollar Amount Increase Over Last Year | $140,413 | |||||
| Total Percentage Increase Over Last Year | 16.30% | |||||
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.