Financial Reports

Preparing Financial Reports

The primary responsibilities of the Finance Department include accounting and financial reporting, budgeting and long-term financial planning, capital financing, cash management and investment of City funds, payment of bills, payroll, utility billing, collection of revenue, and assists residents with payments for City services and programs, including Water, Sewer, Storm water and Refuse services, building permits, real estate transfer stamps and other services. 

The Finance Department prepares the annual budget which is the strategic plan of the City.  The Department prepares the 5-Year Capital Improvement Plan.  At year end, the Finance Department administers the audit process and preparation of the Comprehensive Annual Financial Report, City Audit. The City of Rolling Meadows has received the Certificate of Achievement for Excellence in Financial Reporting every year since 1985.  In addition, the Department prepares an easy-to-use Annual Citizen’s Report which summarizes the City’s Audit into a shorter report.