Finance

The Finance Department is responsible for all of the Village's revenues including taxes, fees, bills, and all other monetary concerns.

The Department establishes and maintains effective accounting and internal control systems that adhere to all legal requirements and financial management principles and strives to apply all municipal resources in a manner which is most beneficial to the citizens of Midlothian.

Responsibilities of the Finance Department include:

Collection and deposit of a variety of payments, such as commuter lot parking fees, vehicle licenses, business licenses, dog tags, garage sales, building permits, liquor licenses, and water bills. Administration and oversight of financial reporting, purchasing, contract administration, risk management, human resources, grant management and debt administration.

To see financial reporting, please visit the archive center.

Public Act 97-0609

Public Act 97-0609 became effective, January 1, 2012. This act amends the Illinois Open Meetings Act and the Illinois Pension code and established new requirements for Illinois public bodies.
 
Among the law's requirements are the following:
 
1) All IMRF employers must post, within 6 days of the approval of a budget, the total compensation package for each employee having a total compensation package that exceeds $75,000 per year; and
 
2) Any IMRF employer that approves an employee's total compensation package equal to or in excess of $150,000 per year must post on its website, at least 6 days before approval, the total compensation package for that employee.
 
"Total compensation package" for purposes of the Act means "payment by the employer to the employee for salary, health insurance, a housing allowance, a vehicle allowance, a clothing allowance, bonuses, loans, vacation days granted, sick days granted."
 
The Village of Midlothian participates in the Illinois Municipal Retirement Fund (IMRF) which provides retirement and related benefits to eligible Village employees.  Public Act 101-0504 approved by the Illinois General Assembly in 2019 requires IMRF to post certain employer cost and participation information on its website.  Where a website is maintained, participating employers, such as the Village of Midlothian, are required to provide a link to the IMRF webpage containing the required disclosures each year no later than January 1.  Click on the following link to view this information.  

IMRF Employer Cost and Participation Information
 https://www.imrf.org/en/about-imrf/transparency/employer-cost-and-participation-information
 
 IMRF will update the informational reports annually.