[1983 Code]
The fiscal and Municipal year of the Village shall begin on
the first day in May of each year and end with the last day of April
of the succeeding year.
[1983 Code]
Within the first quarter of each fiscal year there shall be
passed an ordinance to be termed the "Annual Appropriation Ordinance,"
in which shall be appropriated such sum or sums of money as may be
necessary to defray all necessary expenses and liabilities of the
Village, and such ordinance shall specify the object and purpose for
which such appropriations are made, and the amount appropriated for
each object or purpose.
[1983 Code]
As soon as practicable at the close of each fiscal year, and
no later than six months thereafter, there shall be an audit of all
accounts of the Village made by a competent person authorized to act
as an auditor under the laws of Illinois, to be designated by the
Village Board. Copies of such audit report shall be filed with the
Village Clerk and with the Comptroller of the State Department of
Revenue and in such other places as may be required by law.
[1983 Code]
All monies received on any special assessment shall be held
by the Treasurer as a special fund to be applied only to the payment
of the improvement, or bonds and vouchers issued therefor, together
with interest thereon, for which the assessment was made, and said
money shall be used for no other purpose, unless to reimburse the
Village for the money expended for such improvement. Payments on bonds
or vouchers shall be made in accordance with the Statutes, and the
Treasurer shall keep his books and accounts in such a manner so that
proper prorations in payments of principal and interest can be made
and ascertained.