The Village prepares an Annual Comprehensive Financial Report (ACFR). The ACFR presents the financial position of each of the Village’s operating funds and follows reporting guidelines established by the Governmental Accounting Standards Board (GASB). To view the last five years of reports, select below:

• Village of Streamwood ACFR FY2023
• Village of Streamwood ACFR FY2022
• Village of Streamwood ACFR FY2021
• Village of Streamwood ACFR FY2020
• Village of Streamwood ACFR FY2019

Below are required communication letters provided annually by our auditors in conjunction with the audit of the Village of Streamwood.

• Streamwood SAS 114 Letter

The bills list is a listing, by vendor, of expenditures approved by the Board of Trustees at each of its regular meetings. This is a detailed account of the vendor checks written and approved by the Village Board.

• Current Schedule of Bills (11/07/2024)

The Village of Streamwood follows a calendar year (January 1 - December 31) budget cycle. The budget process begins in summer, when the Village Board establishes its goals and objectives for the forthcoming year. Each department provides a proposed operating budget to the Finance Department for compilation into a budget review document. Meetings are held with the Village Board to ensure that all budget requests are aimed at meeting the goals and objectives of our community. Public hearings are held in November, and the Village Board adopts the annual budget in December.

To view the last five years of Budgets, select below:

• Streamwood Annual Budget FY2024
• Streamwood Annual Budget FY2023
• Streamwood Annual Budget FY2022
• Streamwood Annual Budget FY2021
• Streamwood Annual Budget FY2020

In compliance with 5 ILCS 120/7.3, view a complete copy of the most recently adopted salary and benefits detail approved for our current budget year. For additional information, please contact the Village Clerk's office by email or at (630) 736-3800.

The Treasurer's Report is a state-mandated report of key operational information on the financial management of the Village. The report includes information for the prior fiscal year, on the State of the Treasury (i.e. cash and investments, revenues and expenditures), a list of vendor disbursements in excess of $2,500, and payroll expenses by employee. The Treasurer's Report is published annually.

• Streamwood Treasurer's Report

Per Illinois Public Act 102-0265, the Village is required to make a good faith effort to obtain information on whether a vendor doing business with the Village is a minority-, woman-, or veteran-owned business, or if a vendor is a certified small business (as defined by the Small Business Association). Below is a complete list of those vendors:

• Vendor Status Report

The Village provides retirement and/or disability benefits, through the Illinois Municipal Retirement Fund (IMRF), for employees not covered under the Police or Firefighters Pension Funds. In compliance with 40 ILCS 5/7-135.5, view information on the Village's participation, contributions and rates.

The Village also maintains the Police and Firefighters Pension Funds, which are defined benefit contributory pension plans, created for the purpose of providing retirement and/or disability benefits to Police Officers and Firefighters, and their surviving spouses and dependents. In 2022, in accordance with Senate Bill 1300 and Illinois Public Act 101-0610, the Streamwood Police Pension Fund investment assets were consolidated into the Illinois Police Officers Pension Investment Fund (IPOPIF) and the Streamwood Fire Pension Fund investment assets were consolidated into the Illinois Firefighters’ Pension Investment Fund (IFPIF).  Below are links to their respective websites:

• Illinois Police Officers' Pension Investment Fund (IPOPIF)
• Illinois Firefighters' Pension Investment Fund (IFPIF)

Per Illinois Revised Statutes (40 ICS 5) section 3-143 Report by Pension Board, the Police and Fire Pension Boards report annually to the Village Board on the condition of the pension funds at the end of their most recent completed fiscal year. The reports shall be made prior to the board meeting held for appropriating and levying taxes for the year for which the reports are made.

• Report for Tax Levy for the Police Pension Fund
• Report for Tax Levy for the Fire Pension Fund