Printer Friendly Version

Village Vision News

Springfield firm will stay on as Village auditors

Wednesday, December 29, 2010

A Springfield firm will continue to provide auditing services to the Village following a Finance Committee review and recommendation which trustees endorsed at their Dec. 20 meeting.

 Sikich LLP, which has served as the Village auditor for the past three years, was awarded a $54,000 three-year contract. The amount is $995 lower than a second bid from the Decatur firm of May, Cocagne & King. Both firms presented their proposals for professional auditing services during a Dec. 6 committee meeting. Village Treasurer Rhonda Stewart said either group would have been a good choice although a change in auditors would have created more of a workload for her, a charge she would have been willing to undertake.

 Stewart shared in a written report that the state is currently lagging behind five months in distribution of the income tax.

 “The state controls all distributions to municipalities, and all we can do is wait on the income tax,” she commented.

 She said the Illinois Jobs Now capital bill program was responsible for the reception of unexpected motor fuel revenues in the amount of $14,261. This amount is slightly over 17 percent of the $82,563.03 in the motor fuel tax (MFT) allotment the Village normally receives each year.

Tax revenues the Village receives from gasoline sales pay for a variety of infrastructure projects. All MFT monies must be used for items such as street signs, traffic signals and the repair and maintenance of streets.

^ Back to Top ^

Site by HomeSight, LLC