Annual Financial Reports

Annual Comprehensive Financial ReportAs mandated by Village Ordinance and State Statutes, the Village is required to annually issue a report on its financial position and activity presented in conformity with generally accepted accounting principles (GAAP) of the United States of America and audited by an independent certified public accountant in accordance with generally accepted auditing standards.

The most recent Annual Comprehensive Financial Report (ACFR) is available here for anyone who wishes to gain a better understand of the financial operations of the Village of Brookfield.

TIF DistrictsThe Village of Brookfield has four Tax Increment Financing (TIF) districts to encourage economic development.  It is required that financial information for these areas be reported to the Illinois Comptroller’s Office at the end of each fiscal year.

Annual BudgetThe annual appropriations ordinance serves as the foundation for the Village’s financial planning and control. Each year all departments of the Village are required to submit requests for appropriation to the Village Manager and these requests serve as the basis for development of a proposed appropriation ordinance. The Village Manager then presents this proposal to the Village President and Board of Trustees. The Village Board is required to hold at least one public hearing on the proposed appropriation and adopt a final appropriations ordinance no later than the end of the first quarter of the fiscal year. The appropriation is prepared by fund, department and object. The Corporate Authorities, by a two-thirds vote, may make transfers from one object to another so long as no appropriation falls below an amount sufficient to cover all obligations incurred against the appropriation.
Doc app

Document Center

The Document Center provides easy access to public documents. Click on one of the categories below to see related documents or use the search function.

Categories always sorted by seq (sub-categories sorted within each category)
Documents sorted by SEQ in Descending Order within category

Annual Comprehensive Financial Report3 documents

  • 2022 Annual Comprehensive Financial Report (Audit)
    document seq 0.00
  • 2021 Annual Comprehensive Financial Report (Audit)
    document seq 0.00
  • 2020 Comprehensive Annual Financial Report (Audit)
    document seq 0.00

TIF Districts4 documents

  • 2020 TIF Report - 8 Corners
    document seq 0.00
  • 2020 TIF Report - Congress Park
    document seq 0.00
  • 2020 TIF Report - Grand Blvd
    document seq 0.00
  • 2020 TIF Report - Ogden Ave
    document seq 0.00

Annual Budget4 documents

  • 2024 Comprehensive Budget Document
    document seq 4.10
  • 2024 Budget Detail
    document seq 4.00
  • 2023 Annual Budget
    document seq 3.00
  • 2022 Annual Budget
    document seq 2.00