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Lake County Budget
The county's budget process begins in May, when the Financial and Administrative Committee approves the annual budget policies. Departments assemble their budget requests based on these policies. The Department of Finance and Administrative Services receives budget requests, analyzes them and meets with the departments prior to presenting a recommended budget to County Board Members in a series of joint committee meetings. The budget is approved at the November County Board Meeting for implementation at the county's new fiscal year beginning December 1.
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Lake County Financial Statements
As required by Illinois State Statutes, Lake County has an independent audit completed annually and publishes the statements. This audit is prepared in conformity with generally accepted accounting principles and according to government auditing standards issued by the Comptroller General of the United States. The county presents these statements in a Comprehensive Annual Financial Report that also includes supplementary information as required by the Government Accounting Standards Board. Below is the link to the fiscal year statements available in electronic format.
Information available in the County’s FY 2009 Financial Statements – Comprehensive Annual Financial Report
Current and Prior Years Documents
Lake County Budget
The county's budget process begins in May, when the Financial and Administrative Committee approves the annual budget policies. Departments assemble their budget requests based on these policies. The Department of Finance and Administrative Services receives budget requests, analyzes them and meets with the departments prior to presenting a recommended budget to County Board Members in a series of joint committee meetings. The budget is approved at the November County Board Meeting for implementation at the county's new fiscal year beginning December 1.
You may also be interested in:
Lake County Financial Statements
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As required by Illinois State Statutes, Lake County has an independent audit completed annually and publishes the statements. This audit is prepared in conformity with generally accepted accounting principles and according to government auditing standards issued by the Comptroller General of the United States. The county presents these statements in a Comprehensive Annual Financial Report that also includes supplementary information as required by the Government Accounting Standards Board. Below is the link to the fiscal year statements available in electronic format.
Information available in the County’s FY 2008 Financial Statements – Comprehensive Annual Financial Report
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- Net assets and changes in net assets
- Fund balances and changes in fund balances
- Assessed Valuation of taxable property
- Debt information
- Principal property tax payers and employers
- Number of employees, capital assets and operating indicators by function
- Property tax levies and collections
- Demographic and economic statistics
Current and Prior Years Documents |
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