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. 

Illinois Municipal Retirement Fund (IMRF)

The Village of Sherman Board of Trustees adopted and was accepted into the Illinois Municipal Retirement Fund (IMRF) on April 1, 2025.  Under 5 ILCS 120/7.3(a) & (b), the public may request information on the Village of Sherman’s total compensation package by contacting our office at 217-496-2621.

In addition, the public can click the following link for access to the IMRF website for more details on the Village of Sherman as required under 40 ILCS 5/7-135.5(b).   https://www.imrf.org/en/about-imrf/transparency/employer-cost-and-participation-information