Friday, November 14, 2014

Village Board Adopts 2015 Budget & Accepts GFOA Award Recognition

The Village Board completed a public hearing and adopted the 2015 Budget for the Village of Bellevue on November 12.

The adopted 2015 Budget includes a 0% tax rate change from the 2014 Budget.  The tax rate for the Village will therefore remain at $2.78 (per $1,000 of assessed value).  The Village’s total assessed value, not including new value added within TIF #1, increased by $13,448,476 from the previous year.  This 1.1% increase in value allowed the Village to increase its total levy by $51,041 while maintaining a tax rate with no change.

The presentation from the public hearing has been posted to the Budget & CIP page of the Village website in addition to already posted budget documents.  Any questions regarding the Village Budget can be directed to Angela Gorall, Village Administrator.

The Village was also recently recognized by the Government Finance Officers Association (GFOA) with a Certificate of Achievement for Excellence in Financial Reporting.  This recognition was received for the Village’s 2013 Comprehensive Annual Financial Report (CAFR).  This is the second year in a row the Village has received this recognition.  Any questions regarding the CAFR can be directed to Karen Simons, Finance Director/Clerk-Treasurer.