Annual Budget & Annual Comprehensive Financial Report

Annual Operating Budget

The annual budget for the Village of Flossmoor is for the period beginning May 1 and ending April 30 each fiscal year. This document represents the collaborative efforts of the management staff and the Village Board to produce a balanced financial plan and work program for the year. The Village of Flossmoor’s annual operating budget serves as the primary planning and financial tool to accomplish the many objectives, policies and programs set by the Village Board.

The Village Board approved the FY24 Annual Operating Budget at the April 17, 2023 meeting.

See the Final FY24 Budget 


Click here to review the FY23 Budget See the FY23 Budget 

Click here to review the FY22 Budget See the FY22 Budget

Click here to review the FY21 Budget Click here to review the document.

Click here to review the FY20 Budget Budget Document (PDF).

Review archived annual operating budgets.

Annual Comprehensive Financial Report 

The Village is required to issue annually a report on its financial position and activity presented in conformance with the United States Generally Accepted Accounting Principles (GAAP) and audited in accordance with generally accepted auditing standards by an independent firm of certified public accountants. Review the Annual Comprehensive Financial Report here, and click here to read the 2023 management letter here.

Village of Flossmoor Earns 45th Consecutive GFOA Award

The Government Finance Officers Association (GFOA) awarded the Village of Flossmoor a Certificate of Achievement for Excellence in Financial Reporting for the 2022 Annual Comprehensive Financial Report in October 2023. This was the 45th consecutive year the Village received this prestigious award. This award is the highest form of recognition in the are of governmental accounting and financial reporting.