Balance Sheet Reports

The term balance sheet refers to a financial statement that reports the village's financial position (assets, liabilities, and equity) at a specific point in time.  A balance sheet adheres to the accounting equation "Assets = Liabilities plus Equity."  In the case of the village, equity represents the allocation of net earned income between the General Fund, Motor Fuel Tax Fund, and Water Fund plus the Events bank account.

For the current fiscal year, the balance sheet shown represents the most recent report approved at the last village board meeting.  For prior fiscal years, the balance sheet shown is stated as of the close of the fiscal year.

To review a report, click on the appropriate link shown below.