Annual Budget and Audit Report
Annual Operating Budget
The CY2016 Adopted Annual Operating Budget is provided below in Adobe Acrobat PDF format for your convenience. The Introduction section strives to reduce the level of difficulty for readers who are not familiar with public budgeting systems, yet provides comprehensive information for staff to utilize as financial policy and day-to-day operation guidelines. This document is intended for staff to use as a tool in managing daily operations.
The City has identified three principles in an effort to provide services that ensure a high quality of life for our residents through fiscal management and financial stability.
- Principle 1 – The City will pass a structurally balanced operating budget annually.
- Principle 2 – The City commits to continuous improvement in the delivery of necessary and cost-effective services.
- Principle 3 – The City will actively seek to increase its reserves to 25 percent and reduce its debt by 25 percent in the next eight years.
During the third quarter of CY2016, staff has been working to implement initiatives and future opportunities in support of the principles that it believes will create a sustainable financial plan that supports the city moving forward.
View a 9-month summary of the progress that has been made in Quarter 3 below:
CY2016 Monthly Financial Reports
August | September | October | November | December
CY2017 Proposed Budget Workshops
The CY2017 Proposed Budget workshops will review the proposed revenues and expenditures for the CY2017 Budget Year. In addition, the workshops will address operating and capital improvement budgets across all City funds and departments.
All workshops will be held at 6 p.m. in Council Chambers of the Naperville Municipal Center, 400 S. Eagle St. on the dates listed below, unless otherwise noted.
CY2017 Proposed Budget Workshop Dates:
- Monday, October 24
- Monday, November 14
- Monday, November 21
Documentation for the workshops can be found on the City's eAgenda Streaming Media Archives.
Annual Audit Report
The CAFR details the results of the City’s most recent year end audit. Below you will find the comprehensive annual financial report (CAFR) of the City of Naperville for the previous two fiscal years. State law, as well as local ordinances, require that we publish, within six months of the close of each fiscal year, a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants.
- 2015 Comprehensive Annual Financial Report
- 2014 Comprehensive Annual Financial Report
Payroll Budget Report
Open Meeting Acts Compliance
Illinois Public Act 097-0609 (5 ILCS 120-7.3) effective Jan 1, 2012 requires that municipal employers participating in the Illinois Municipal Retirement Fund post employee compensation information. Information on employee total compensation packages equal to or exceeding $150,000 a year must be posted at least six days before approval and employees having total compensation packages that exceed $75,000 per year must be posted within six days of budget approval. At its discretion, in order to be fully transparent, the City of Naperville is posting the complete City payroll budget for Calendar Year 2016 on the City website. The budget reflects employees on the payroll and budgeted individual benefit packages based on participation for Calendar Year 2016. Union wage and benefit increases are included as per agreed contracts, general wage increase assumptions have been applied across all other employee groups.
- CY16 Payroll Budget Report (posted December 2, 2015)