The Finance and Human Resources Manager, Michelle Johannsen, heads the Finance Department which is a service department, servicing both external and internal customers. The residents of Machesney Park are our external customers. The department serves as the main billing and collection agent of the Village. Items such as accounts receivable, the processing of traffic tickets, building permits, liquor licenses and all other miscellaneous billings are conducted in the department. Internally, the Department provides services to the Village such as payroll, accounts payable, purchasing, accounting and budget assistance.
The Finance department records the financial transactions to present the financial position of the Village’s funds in accordance with generally accepted accounting principles (GAAP) promulgated by the Government Accounting Standards Board (GASB). The staff compiles interim financial information to facilitate management control of financial operations and oversees various special audits of the Village’s financial records.
The Finance Department also prepares the annual operating budget of the Village. The budget process involves balancing revenues and expenditures, developing program objectives and producing both the proposed and approved budgets. The Finance Department performs budget analysis during the year and monitors revenues, expenditures and performance of each department.