Finance

Department Overview

The Finance Department is dedicated to serving the needs of our customers by providing superior and responsive governmental services. This dedication and commitment to excellence has been recognized nationally by the Government Finance Officer's Association which has presented the department with the Certificate of Achievement for Excellence in Financial Reporting for 35 consecutive years.

The Finance Department is comprised of four primary functions. These divisions include:

Each of these functions is essential to the financial stability of the Village of Lombard.

Summary: The February 2026 Monthly Financial Report for the Village of Lombard shows generally stable to positive revenue performance overall, with several key revenue sources exceeding budget expectations while a few categories remain below projections. Sales tax, the Village’s largest revenue source, is trending 3.2% higher than the same period in FY 2025 and 12% over the FY 2026 year-to-date budget, partly due to Illinois’ shift from Use Tax to destination-based Retailers’ Occupation Tax, which increased recorded sales tax collections. Other revenues performing above budget include non-home rule sales tax, motor fuel tax, utility tax, hotel/motel tax, and places for eating tax, reflecting steady economic activity and higher energy costs. However, business district taxes, local use tax, EMS revenues, water sales, and some permit revenues are currently below budget or prior-year levels, influenced by retail closures, conservation efforts, and timing of payments. The report also highlights potential future risks, including proposed reductions to state LGDF funding and possible federal changes that could reduce GEMT revenues. Overall, Lombard’s financial outlook remains positive in most major revenue categories, though several policy and economic factors will require continued monitoring.

 Please note that this is the first or second month for revenues, so many of them show large differences to last year.  This is expected at the beginning of the year.

Multi-Year Revenue Trend Analysis

* Note: All current year financial information in the monthly report is unaudited.