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Budget

Purpose

The Village of Montgomery’s annual budget is a comprehensive plan describing the dollars required for financing the many services and programs provided to its citizens.  The Operating Budget is a financial plan for a one-year period while the Capital Improvement Program (CIP) and Five-Year Plan (FYP) are long-term plans.  The budget serves as a policy document, financial plan, operations guide, and communications device.  As a policy document, it contains a statement of entity-wide financial and non-financial goals and objectives of the Village.  As a financial plan, it serves as the Village’s primary instrument for promoting solvency, efficiency, and collective choices regarding the distribution and allocation of available resources.  As an operations guide, it articulates the departmental action plans and how each of these plans will be accomplished.  As a communications device, it contains information pertaining to key issues facing the Village, priorities for the coming year, accomplishments of prior years, and more.

Legal Basis of the Budget

Illinois law requires that all general-purpose local governments pass an appropriation ordinance within the first quarter of each fiscal year or an annual budget shall be adopted by the corporate authorities before the beginning of each fiscal year to which it applies.  The Village has chosen to adopt, Ordinance 853 on May 24, 1999, sections 5/8-2-9.1 through and including sections 5/8-2-9.10 of Chapter 65 of the Illinois Compiled Statutes (Municipal Code) which provide for a municipality's financial operation under an annual budget in lieu of an appropriation ordinance.

The Village's fiscal year runs from May 1st through the following April 30th.

Fiscal Year 2016/17 Budget

Fiscal Year 2015/16 Budget

Fiscal Year 2014/15 Budget

Fiscal Year 2013/14 Budget

Fiscal Year 2012/13 Budget

Fiscal Year 2011/12 Budget

Fiscal Year 2010/11 Budget

Fiscal Year 2009/10 Budget