The President, or any other person designated by the President
and Board of Trustees, may sign on behalf of the Village any contract
authorized by the President and Board of Trustees. No contract may
be entered into without the authority of the President and Board of
Trustees.
All bills payable by the Village, other than for the payment
of salaries established by the President and Board of Trustees, shall
be submitted to the President and Board of Trustees for approval before
payment.
The Treasurer shall pay out money in payment of all bills, or
for salaries, or for any other purpose other than retirement of principal
or interest on bonds or tax anticipation warrants only upon warrant
signed by the President and Administrative Clerk as provided by statute.
Such warrants shall designate the items to be paid and the funds from
which they are to be paid.
[Amended 6-7-2021 by Ord.
No. 764]
As soon as practicable at the close of each fiscal year, and
no later than 180 days 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
Board of Trustees. Copies of such audit report shall be filed with
the Village Administrative Clerk and with the State Comptroller and
in such other places as may be required by law.