The Village operates on a fiscal year business cycle which begins on May 1st of each year and ends on April 30th. Under the leadership and guidance of the President, Village Board and Village Manager, the Finance department oversees the preparation of numerous financial reports which plan and document the fiscal activities of the Village. In 2019, the Illinois General Assembly passed Public Act 101-0504. The law requires IMRF to post certain employer cost and participation information on its website Illinois Municipal Retirement Fund