Annual Comprehensive Financial Report

The Village of Oak Lawn publishes an Annual Comprehensive Financial Report ("ACFR") for each fiscal year ending December 31st.  The ACFR is prepared in accordance with Generally Accepted Accounting Principles ("GAAP").   ACFR's from past fiscal years are provided for historical reference.  GAAP requires that management provide a narrative introduction, overview and analysis to accompany the basic financial statements in the form of a Management Discussion & Analysis ("MD&A").  The ACFR is presented in three sections:

The Introductory Section: Includes the transmittal letter, the Village's organizational chart, a list of Elected and Appointed Officials, information on the Village's economy, major initiatives and services, and the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting.

The Financial Section: Prepared in accordance with the GAAP and includes the MD&A, the basic financial statements, including the notes and the Required Supplementary Information, combining statements, and individual fund financial statements and schedules.  The Independent Auditor's Report on the basic financial statements is also included in this section.

The Statistical Section: Includes select unaudited financial, economic and demographic data depicting historical information on the Village along with other information that provides a context for assessing the Village's economic condition.

The Village has been awarded the Certificate of Achievement for Excellence in Financial Reporting as awarded by the Government Finance Officers Association for each of the fiscal years presented below.

Please contact the Finance Department at (708) 499-7777 for additional information.