Official Village of Brookfield Public Financial Statements
See what the balance really is!

NOTE: Documents on this page require the free Adobe Acrobat reader to view. If you have trouble viewing these documents, please install the latest version by following this link

2002: This statement is from the official Village of Brookfield Independent Audit for the fiscal year ending April 30, 2002. It shows the revenue, expenses, and ending balance in the General Fund. The General Fund is used to pay day-to-day expenditures, such as salaries, insurance, utilities, etc. It is not used for capital expenditures such as streets. Other funds, such as the Pension Funds, the Garbage Fund, and the Water Fund are restricted in their use, and cannot be used to pay the day-to-day expenditures unrelated to those specific funds. This statement shows that expenditures exceeded revenues by $696,928. It also shows an ending balance in the General Fund, as of April 30, 2002, of $5,175,694.

2003: This statement is from the official Village of Brookfield Independent Audit for the fiscal year ending April 30, 2003. It shows the revenue, expenses, and ending balance in the General Fund. The General Fund is used to pay day-to-day expenditures, such as salaries, insurance, utilities, etc. It is not used for capital expenditures such as streets. Other funds, such as the Pension Funds, the Garbage Fund, and the Water Fund are restricted in their use, and cannot be used to pay the day-to-day expenditures unrelated to those specific funds. This statement shows that expenditures exceeded revenues by $1,707,417. It also shows an ending balance in the General Fund, as of April 30, 2003, of $2,726,971.

2004: This statement is from the most recent monthly Treasurer's Report, as prepared by the Village of Brookfield Finance Director. The Official Village Audit for the fiscal year ending April 30, 2004 has yet to be completed, though Illinois State Statute required it to be filed by October 31, 2004. This report shows the balances in the various funds this Village maintains. As of October 31, 2004, the General Fund balance was down to $140,775.66. The General Fund is used to pay day-to-day expenditures, such as salaries, insurance, utilities, etc. It is not used for capital expenditures such as streets. Other funds, such as the Pension Funds, the Garbage Fund, and the Water Fund are restricted in their use, and cannot be used to pay the day-to-day expenditures unrelated to those specific funds. Demand Deposits in the General Fund are at negative $444,134.49. Demand Deposits are actual cash in the bank.