Annual Comprehensive Financial Report (ACFR)

Financial StatementsCertificate of Achievement for Excellence in Financial Reporting

State law and local ordinance requires the Village to complete a set of financial statements which are presented in conformity with generally accepted accounting principles (GAAP) within six months following the close of the fiscal year.

The report is a culmination of the past year’s financial activity and is the formal mechanism used to communicate to the public the financial status of the Village and its compliance with the intentions of the Village Board and applicable laws. These financial statements are audited by a licensed certified public accounting firm in accordance with generally accepted auditing standards. The Village’s fiscal year runs May 1 through April 30.

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View 2022 to 2023 Financial Statement (PDF)

View 2021 to 2022 Financial Statement (PDF)

View 2020 to 2021 Financial Statement (PDF)

View 2019 to 2020 Financial Statement (PDF)

View 2018 to 2019 Financial Statement (PDF)

View 2017 to 2018 Financial Statement (PDF)

View 2016 to 2017 Financial Statement (PDF)

View 2015 to 2016 Financial Statement (PDF)

View 2014 to 2015 Financial Statement (PDF)

View 2013 to 2014 Financial Statement (PDF)

View 2012 to 2013 Financial Statement (PDF)

View 2011 to 2012 Financial Statement (PDF)

View 2010 to 2011 Financial Statement (PDF)

View 2009 to 2010 Financial Statement (PDF)

View 2008 to 2009 Financial Statement (PDF)

View 2007 to 2008 Financial Statement (PDF)

View 2006 to 2007 Financial Statement (PDF)

2023 Management Letter (PDF)

2022 Management Letter (PDF)

2021 Management Letter (PDF)

2020 Management Letter (PDF)

2019 Management Letter (PDF)

2018 Management Letter (PDF)

2017 Management Letter (PDF)

2016 Management Letter (PDF)

2015 Management Letter (PDF)

Popular Annual Financial Report

The purpose of a Popular Annual Financial Report (PAFR) is to summarize key information regarding the municipal government’s initiatives, and major projects in an easy to read format. The twelve-page report pulls highlights from the budget, audit, and strategic plan to showcase the state of the Village.

View 2023 PAFR (PDF)

View 2022 PAFR (PDF)

View 2021 PAFR (PDF)

View 2020 PAFR (PDF)

View 2019 PAFR (PDF)

View 2018 PAFR (PDF)

View 2017 PAFR (PDF)

View 2016 PAFR (PDF)

Certificate of Achievement

The Village of Winfield has received the Certificate of Achievement (COA) for Excellence in Financial Reporting award from the Government Finance Officers Association (GFOA) since 1995. This award recognizes communities that go beyond the minimum requirements of generally accepted accounting principles to prepare a report that evidences the spirit of transparency and full disclosure. 

The Village of Winfield has received the Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR) from the GFOA since2016.

These awards are valid for a period of one year only. We believe that our current ACFR and PAFR meet the COA program's requirements and have submitted to GFOA to determine their eligibilities for these certificates.