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RES 20198331Page 1 of 7VILLAGE OF DOWNERS GROVE Report for the Village10/1/2019SUBJECT:Employed Benefits Renewal Contracts and Medical Plan Amendments for FY 2020SUBMITTED BY:Dennis Burke Director
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Gather all financial information including income, expenses, assets, and liabilities.
02
Organize the information into appropriate categories such as revenue, expenditures, and balance sheet items.
03
Write an introductory statement outlining the purpose and goals of the report.
04
Include a breakdown of finances for the fiscal year, comparing actual results to budgeted amounts.
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Provide analysis and explanations for any significant variances or trends.
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Who needs annual comprehensive financial reportsvillage?

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Village administrators and officials to provide transparency and accountability to the community.
02
Internal stakeholders such as board members, staff, and department heads for decision-making and financial planning purposes.
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External stakeholders including residents, investors, donors, and regulatory agencies to assess the financial health and performance of the village.
04
Auditors or other third-party entities tasked with reviewing or auditing the village's financial statements.
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The annual comprehensive financial reportsvillage is a detailed report that provides information on the financial activities and status of a village for a particular fiscal year.
The village government or municipality is typically required to file the annual comprehensive financial reportsvillage.
The annual comprehensive financial reportsvillage is usually filled out by the finance department or accounting team of the village using the applicable accounting standards and guidelines.
The purpose of the annual comprehensive financial reportsvillage is to provide transparency and accountability regarding the financial activities and decisions of the village government.
The annual comprehensive financial reportsvillage typically includes income statements, balance sheets, cash flow statements, and other financial data relevant to the village's financial position.
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