The Village of Algonquin, IL

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Algonquin Earns Budget Award

The Government Finance Officers Association of the United States and Canada (GFOA) announced that the Village of Algonquin has received the GFOA's Distinguished Budget Presentation Award for its Fiscal Year 2019 - 2020 budget.  This is the sixteenth year in a row the Village has received this prestigious award.

“Village staff has once again done a tremendous job in not only putting together a balanced budget, but one that is easily understandable for our residents” said Village President John Schmitt.  “Through sound financial planning, Algonquin is able to provide efficient and reliable services to the community while keeping property taxes flat, which is a top priority of our residents and Village Board.”

Budget documents must be rated "proficient" in all four scoring categories, and the 14 mandatory criteria within those categories, to receive the award.  Approximately 900 municipalities nationwide received the award. Award recipients have pioneered efforts to improve the quality of public sector budgeting and provide an excellent example of transparency for public finance and operations.

Algonquin’s Fiscal Year 2019 – 2020 budget represents a balanced $66 million financial plan that features a property tax levy lower than 2008 levels and $28.1 million in capital infrastructure investment.  The budget document is available for viewing online.