The Finance Department is responsible for coordinating and directing the financial activities of the City including: maintaining the central accounting system, managing revenue collections, controlling expenditures, treasury and investing activities, coordinating the annual audit and budget, and establishing and maintaining proper internal controls to safeguard City assets.
The Finance Department staff consists of the Finance Director, Accounting Manager, two fiscal assistants, and one financial analyst.
The City of Wood Dale received its 31st consecutive Certificate of Achievement Award for Excellence in Financial Reporting (for the City's Comprehensive Annual Financial Report) from the Government Finance Officer's Association of the United States and Canada for the fiscal year ending April 30, 2017. The Certificate of Achievement is considered the highest form of recognition in the area of governmental accounting and financial reporting.
In addition to the CAFR Award, there is a companion piece called the Popular Annual Financial Report, which is intended for the non-technical user. The City has received the Award for Outstanding Achievement in Popular Annual Financial Reporting for the past 7 years, beginning with the fiscal year ended April 30, 2011.
In 2017, the City of Wood Dale received the Distinguished Budget Presentation from the Government Finance Officer's Association of the United States and Canada for the 8th time. The Certificate of Achievement is considered the highest form of recognition in the area of budget preparation.
These awards attest to the dedication and professionalism of the entire Finance Department staff.
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