Finance

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 Historical documents may be provided upon request.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.

Fiscal Year 2025 Budget at a glance
FY2025 Budget General Fund Operating Revenues   FY2025 Budget General Fund Operating Expenses
  Amount % To Total     Amount % To Total
PROPERTY TAXES $944,912 42.0   ADMINISTRATIVE $335,124 14.6
SHARE OF STATE TAXES    717,157 31.8   POLICE 1,327,169 57.7
UTILITY TAXES    175,000 7.8   PARKS & RECREATION 107,055 4.6
LICENSES    152,750 6.8   VILLAGE PROPERTY 43,000 1.9
FINES & FORFEITURES       52,000 2.3   STREETS & HIGHWAYS 288,088 12.5
SALES TAXES    130,000 5.8   CAPITAL IMPROVEMENTS 200,000 8.7
PERMITS/OTHER      78,000 3.5     $2,300,436 100.0
  $2,249,819 100.0        

 

Property Tax Distribution for a Typical Home in Sleepy Hollow

Click here to view enlarged Pie Chart

Pie chart of property tax distribution
  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

YES, but... While it is possible to make a payment to the Village by credit card, the Village uses a third-party vendor that will add a processing fee based on the amount of the payment. The Village does not set or have any control over this processing fee. Due to PCI Compliance, the Village does not have a credit card reader. There are QR codes posted in the Office that may be scanned using a smartphone, directing the user to the payment site. 

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