Items tagged: finance department

Finance Offices Getting a Refresh

Work started this week on an update to the Finance Department office space. Contractors removed all the old furniture and cubical walls in preparation for carpet and painting this summer.  Finance staff have temporarily relocated to the first floor of the City Building – to the former Neighborhood Services and Equity and Engagement office space. […]

City Receives Clean Audit Report for Fiscal Year 2019/20

Each year the City hires an independent auditor to evaluate the accuracy of the City’s financial reports, test internal controls, and perform related auditing functions. Once again this year the City received a “clean” audit report which found no material weaknesses in internal control and no instances of noncompliance with federal grant requirements material to […]

City of Champaign Receives Budget Award

The City of Champaign is proud to announce it has been awarded the Distinguished Budget Presentation Award by the Government Finance Officers Association of the United States and Canada (GFOA) for the City’s Fiscal Year 2020/21 Annual Budget. This is the 31st consecutive year the City has been awarded this honor. The award demonstrates that […]

City of Champaign Recognized for Financial Reporting

The City of Champaign is proud to announce that it has once again been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for the City’s Comprehensive Annual Financial Report (CAFR). The Certificate of Achievement is the highest form of recognition […]

Finance Department Gathers Public Input About Food Trucks

The City of Champaign has licensed Mobile Food Trucks as a separate transient merchant license category since June 2012.  Food trucks are licensed to operate within designated locations in Downtown and Campustown.  Since their operation began, various concerns have been raised regarding food trucks, including operating locations, noise from generators and speakers, debris from patrons, […]

Finance Department Hosts Two Day Conference

On February 9 & 10, the City of Champaign hosted a two-day conference of the Downstate Chapter of the Illinois Government Finance Officers Association (IGFOA), at the new Home2 Suites hotel. Molly Talkington, the City’s Financial Services Manager/Budget Officer and the Vice-President of Downstate IGFOA, contributed to conference planning and introduced all presenters. Finance Director […]

GFOA’s Budget Award

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the City of Champaign the Distinguished Budget Presentation Award for its Financial Plan for Community Services (annual budget). The City has received this award annually for 24 years, which shows a strong commitment to producing the highest quality budget document that reflects the guidelines and […]

City of Champaign Bond Refinancing

The City of Champaign saved a total of $526,066.67 over the next thirteen years by refinancing a portion of the bonds issued in 2008 to finance the construction of the downtown parking deck. This is the fourth time that the City has refinanced debt in the past five years. The City’s high credit rating helped it achieve a […]