Finance Department
The department is responsible for the proper accounting, budgeting/financial reporting of all Village Funds, establishment/monitoring of internal controls, preparation/coordination of the annual budget, long term financial forecast and capital planning processes. The department is also responsible for the annual audit of Village financial data, preparing annual tax levies, cash receipt collections, payroll, accounts payable, accounts receivable and billing, utility billing and collection and reception duties for incoming calls and visitors to Village Office. Purchasing also falls under the supervision of the department.
Part of our job is to assist residents in understanding their local government's revenues and expenditures. The department also provides financial reports and analyses to assist the Village Board of Trustees and operating departments in their decision making. Current financial documents are available online below. Historical documents may be provided upon request. For various payments to the Village, please see the Payments page for further information.
| FY2024 Budget General Fund Operating Revenues | FY2024 Budget General Fund Operating Expenses | |||||
| Amount | % To Total | Amount | % To Total | |||
| PROPERTY TAXES | $900,516 | 42.8 | ADMINISTRATIVE | $272,573 | 13.0 | |
| SHARE OF STATE TAXES | 646,137 | 30.7 | POLICE | 1,261,774 | 60.0 | |
| UTILITY TAXES | 175,000 | 8.3 | PARKS & RECREATION | 106,005 | 5.0 | |
| LICENSES | 147,500 | 7.0 | VILLAGE PROPERTY | 41,758 | 2.0 | |
| FINES & FORFEITURES | 50,400 | 2.4 | STREETS & HIGHWAYS | 257,293 | 12.2 | |
| SALES TAXES | 105,000 | 5.0 | CAPITAL IMPROVEMENTS | 164,000 | 7.8 | |
| PERMITS/OTHER | 79,000 | 3.8 | $2,103,403 | 100.0 | ||
| $2,103,553 | 100.0 | |||||
Property Tax Distribution for a Typical Home in Sleepy Hollow
| Tax Amount | % To Total | |
| School District 300 | $4,017.64 | 63.0 |
| Village of Sleepy Hollow | $545.28 | 8.6 |
| Rutland Dundee Fire | $457.12 | 7.2 |
| Park District | $386.78 | 6.1 |
| Elgin College 509 | $340.58 | 5.3 |
| Kane Co | $265.69 | 4.2 |
| Fox River Valley Public Library | $128.53 | 2.0 |
| Forest Preserve District | $108.28 | 1.7 |
| Dundee Twp Road Dist | $67.77 | 1.0 |
| Dundee Township | $54.19 | 0.9 |
| Total | $6,371.86 | 100.0 |