Budget & Financial Reports
Annual Operating Budget
The City’s Annual Budget provides the spending authority for all City departments for the given fiscal year, which begins May 1 and concludes April 30. The budget also outlines the various services and programs that will be provided to City residents.
Comprehensive Annual Financial Report (Audit)
The City of Wheaton publishes a Comprehensive Annual Financial Report (CAFR) for each year ending April 30. The past five years of reports are posted as a historical reference. Note: The information in these reports has not been updated for developments after the independent auditor’s report.
In conjunction with the annual audit of the City of Wheaton's financial statements, the auditors are responsible for communicating certain matters with those charged with governance and management. This required communication is published in a separate report.
Annual TIF Reports
The City utilizes Tax Increment Financing (TIF) Districts where appropriate to spur development in certain qualifying areas as defined in State Statutes. Each year the City must file an annual report with the Illinois State Comptroller’s office.
Financial Reporting Awards
- Comprehensive Annual Financial Report
For the 34th consecutive year, the Finance Department received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officer’s Association (GFOA) for its comprehensive annual financial report for the 2015-16 fiscal year. The award recognizes that Wheaton published an easily readable and efficiently organized comprehensive annual financial report.
- Annual Budget
For the 15th consecutive year, the City received the Distinguished Budget Award from the GFOA for the City’s FY 2016-17 Annual Budget. To receive this award, a government unit must publish a budget document that meets program criteria as a policy document, operations guide, financial plan and communications device to the City’s residents.