Finances

Final 2019 and 2020 Operating Budget and Appropriation Ordinances

Ordinances take effect immediately after its passage at the first Board Meeting in December.

Public Act 97-0609

As required by Public Act 97-0609, employers participating in the Illinois Municipal Retirement

Fund must make available the following information:

within six days prior to approval, a list of employees expected to receive a total compensation package greater than $150,000

within six business days after approval of the annual budget, a list of all employees expected to receive a total compensation package greater than $75,000

“Total compensation package” means payment by the employer to the employee for salary, health insurance, a housing allowance, a vehicle allowance, a clothing allowance, bonuses, loans, vacation days granted, and sick days granted.

The total compensation package can be found at the Administrative Office located at 1006 W. Lincoln Ave. Belvidere, IL 61008

Any questions you may have can be directed to the Executive Director, Mark Pentecost