A. Statutory Duties (per Illinois Compiled Statutes) 1. Receive, safely keep, and deposit all Village funds in compliance with Illinois law and the Village’s investment policy. 2. Keep accounts showing all moneys received and disbursed by the Village, specifying the date of receipt, source of funds, and purpose of disbursement. 3. Prepare monthly and annual reports of receipts and disbursements and all other required financial statements. 4. Ensure compliance with applicable federal, state, and local financial reporting requirements. B. Professional/Operational Duties 1. Financial Management & Oversight – Supervise and coordinate all finance functions, including payroll, accounts payable, accounts receivable, utility billing, and bank reconciliations. 2. Audit & Reporting – Coordinate with auditors to prepare the Annual Financial Report. 3. Investment & Cash Management – Invest Village funds per the Village’s investment policy. 4. Internal Controls – Maintain internal controls per GAAP, GFOA, and GASB standards. 5. Advisory Services – Provide financial advice to the Village Administrator, Mayor, and Board. 6. Policy & Compliance – Draft finance-related ordinances and resolutions.
