Village Budget

The Village of Sherman Fiscal Year is from May 1st through April 30th of each year and the Village therefore, operates on a budget cycle from May 1st through April 30th.

Each year, the Village President and Board of Trustees serving as members of the Finance Committee of the Whole, along with the Village Administrator and Department heads, work to prioritize the items essential to the efficient and effective operation of the Village, taking into consideration established strategic goals and objectives.

Every year, in the early spring, the Village Board of Trustees adopts an Appropriations Ordinance and Budget for Fiscal Year Commencing May 1 through April 30 of the year the Appropriations Ordinance and Budget is in effect. This Ordinance is then filed with the Sangamon County Clerk.

Fiscal Year 2018 Budget
Fiscal Year 2017 Budget
Fiscal Year 2016 Budget
Fiscal Year 2015 Budget
Fiscal Year 2014 Budget
Fiscal Year 2013 Budget
Fiscal Year 2012 Budget
Fiscal Year 2011 Budget
Fiscal Year 2010 Budget
Fiscal Year 2009 Budget
Fiscal Year 2008 Budget
Fiscal Year 2007 Budget
Fiscal Year 2006 Budget
Fiscal Year 2005 Budget Addendum
Fiscal Year 2005 Budget



Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report or “CAFR”, commonly referred to as Financial Statements and Independent Auditor's Report is prepared annually following an Independent Audit of the basic financial statements of governmental activities, the business-type activities, each major fund and the aggregate remaining fund information for the Village of Sherman is generated at the end of each fiscal year.

The Fiscal Year for the Village of Sherman begins on May 1st and continues through April 30th. The Village therefore, operates on a budget cycle from May 1st through April 30th.

Unlike previous fiscal years in which the Village followed the Modified-Cash basis of Accounting, during Fiscal Year 2010, the Village adopted the Modified Accrual basis of accounting as an internal control to recognize revenues when they become available and measurable and to further recognize expenditures when the liabilities are actually incurred.

Fiscal Year 2016 Comprehensive Annual Financial Report/Audit Fiscal Year 2016 CAFR Management Letter*
Fiscal Year 2015 Comprehensive Annual Financial Report/Audit Fiscal Year 2015 CAFR Management Letter*
Fiscal Year 2014 Comprehensive Annual Financial Report/Audit
Fiscal Year 2013 Comprehensive Annual Financial Report/Audit
Fiscal Year 2012 Comprehensive Annual Financial Report/Audit
Fiscal Year 2011 Comprehensive Annual Financial Report/Audit
Fiscal Year 2010 Comprehensive Annual Financial Report/Audit
Fiscal Year 2009 Comprehensive Annual Financial Report/Audit
Fiscal Year 2008 Comprehensive Annual Financial Report/Audit

* Per Public Act 98-0738