Village of Bartlett, Illinois  •  228 S. Main St. •  Bartlett, IL 60103  •  630.837.0800  •  www.village.bartlett.il.us
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Finance Department

Finance Director: Jeffrey Martynowicz

The Finance Department is comprised of accounting, utility billing, human resources and information technology. The department is responsible for all financial records and transactions for the Village, including general ledgers, payroll, accounts payable, investments, and fixed assets. The department also prepares the annual budget, comprehensive annual financial report (CAFR), and the annual update of the 5-year capital improvements plan. The Finance Director is the Village Treasurer, and, as such, functions as treasurer to the Police Pension Fund. This includes investment decisions and all financial transactions required in the pension fund.

Human Resources provides services and assistance to all Village employees, including managerial staff. Recruiting, benefit administration, employee relations, and post-employment requirements are part of the services provided.

The Utility Billing function is responsible for the billing and collection of fees for water and sewer service.

Information Technology maintains the Village’s information systems, which include local and wide-area networks, corporate software systems, document imaging system, printers, copiers, telephone system, personal computers and the Village’s web site.

Finance News & Highlights

Senior Utility Tax Rebate
In March, the Village began mailing utility tax rebate applications to residents who receive a senior discount on their water bills but did not fill out an application for the rebate last year. The senior utility tax rebate application is also available at Village Hall or you can use this link: Utility Tax Rebate Application.

IF YOU ARE A WATER BILLING CUSTOMER AND FILLED OUT AN APPLICATION LAST YEAR, YOU DO NOT NEED TO REFILE

To be eligible for the rebate, first time applicants must show that they are 65 or older, have been a resident since May 1, 2013, and hold a natural gas or electricity account in their name.

To apply, submit a completed application, proof of age (waived if you currently receive a senior water bill discount) and a copy of an April 2014 natural gas or electricity bill. If you pay for natural gas or electricity through rent or a homeowners association fee you will need additional documentation to apply, such as a rental agreement or letter from your homeowner’s association.

Rebate applications must be delivered to the Village Hall Main Office, put in the parking lot drop box or, if mailed, postmarked no later than June 6, 2014. If mailing, address to: Village of Bartlett, Utility Tax Rebate, 228 S. Main St., Bartlett, IL 60103. Please contact the Main Office, 630-837-0800, with any questions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Moody’s Affirms Bartlett’s Aa1 Rating
Moody’s Investors Services has affirmed an Aa1 rating to the Village of Bartlett’s $13.5 million general obligation bonds, which had a sale date of April 17. The Aa1 credit rating is among the very top percentile for municipalities in the nation. According to Moody’s, obligations rated Aa are judged to be of high quality and are subject to very low credit risk. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category.

In its review of Bartlett’s rating, Moody’s considered the Village’s “strong and proactive management team that has managed to navigate pressured economic times and still maintain a strong financial position.”

“Given the Village’s demonstrated record of tight budget management, commitment to maintaining strong reserve levels and substantial flexibility afforded it as a home rule village, financial operations will likely continue to remain favorable,” stated Moody’s in its summary report.

“The Village’s long history of conservative financial practices is the basis for this positive rating. The end result is lower borrowing costs for the Village of Bartlett and savings for our residents in the long run,” said Village President Michael Airdo.

The bond issue will fund street improvements on approximately 40 miles of Village roads over a period of three years. It also will pay for a portion of the flood mitigation plan for the Hearthwood Farms area.

The road work will include pavement milling, patching and resurfacing with a very limited curb replacement. According to Public Works Director Paul Kuester the roads in need of repairs have already been identified.

The Village’s annual Motor Fuel Tax road improvements project only provides for resurfacing of about 2 percent of municipal streets annually. The large bond project will help with the worst pavements and greatly reduce the backlog of work. 

 

 

 

Top 5 Reasons to Use Automatic Water Bill Payment
1. Eliminates the need to write paper checks
2. Saves on postage costs
3. Stops late payments
4. Saves you time
5. It’s good for the environment

Stop by Village Hall or click here to find out how to sign up.



 

You Should Know

Each year, the Village of Bartlett prepares two budgets to guide its services and financial activities for the year, an annual budget and a capital improvements budget. The annual budget covers the upcoming fiscal year, which runs May 1 through April 30. The capital budget covers a five-year period and only includes major capital projects.

Below are links to information regarding these budgets.

2013 Comprehensive Annual Financial Report
(Click on the cover to view document. Acrobat Reader is required)

2013 Comprehensive Annual Financial Report

2012 Comprehensive Annual Financial Report
2011 Comprehensive Annual Financial Report
2010 Comprehensive Annual Financial Report
2009 Comprehensive Annual Financial Report


2013-14 Annual Budget (20MB)
(Click on the cover to view document. Acrobat Reader is required)

2012-13 Annual Budget Cover

2012-13 Annual Budget
2011-12 Annual Budget
2010-11 Annual Budget
2009-10 Annual Budget

2014-18 Capital Budget
(Click on the cover to view document. Acrobat Reader is required)

14-18 Capital Budget Cover

2013-17 Capital Budget
2012-16 Capital Budget

2011-15 Capital Budget
2010-14 Capital Budget
2009-13 Capital Budget
2008-12 Capital Budget

2012 Popular Annual Financial Reports (1.8MB)
(Click on the cover to view document. Acrobat Reader is required)

Bartlett by the numbers 2012 cover

2011 Popular Annual Financial Report

2010 Popular Annual Financial Report