Category: Finance Department News

Champaign City Manager Announces Finance Director Appointment

City Manager Dorothy Ann David announced today that Kay Nees, currently the City of Champaign’s City Accountant, will be promoted to the Finance Director position effective June 26, 2017. Ms. Nees has worked for the City of Champaign for the last three years and has more than 18 years of experience working in government accounting.  […]

Finance Department Hosts Two Day Conference

On February 9 & 10, the City of Champaign hosted a two-day conference of the Downstate Chapter of the Illinois Government Finance Officers Association (IGFOA), at the new Home2 Suites hotel. Molly Talkington, the City’s Financial Services Manager/Budget Officer and the Vice-President of Downstate IGFOA, contributed to conference planning and introduced all presenters. Finance Director […]

Champaign Finance Director Announces Retirement

Richard Schnuer, Finance Director for the City of Champaign, has announced his plans to retire effective March 3, 2017. Upon making his announcement, Schnuer said, “I am honored to have had such a long and meaningful career of public service to the residents of the City of Champaign.  I am proud to have helped implement […]

Finance Department “Audits” Web Pages, Gets Refresh on the Books

On Monday, October 31, the Finance Department launched web pages featuring a fresh new look.  The redesign was completed as part of the City’s ongoing project to refresh its entire website.  In addition to being more pleasing to the eye, the pages are more mobile-friendly and provide more content.  The update makes it easier for the public to find documents […]

City of Champaign Refinances Debt, Saves $310,000

The City of Champaign will save $310,000 over the next seven years by refinancing a portion of the bonds issued in 2007.  This is the fourth time the City has refinanced debt in the past several years.  The refinanced 2007 bonds carried an interest rate of 3.75%, while new bonds have an average interest rate […]

City of Champaign’s Excellent AAA Bond Ratings Affirmed

Moody’s Investors Services and Fitch Ratings have affirmed the City’s AAA bond ratings, the highest for both rating agencies. According to Finance Director Richard Schnuer, “A high bond rating lowers the City’s interest costs on borrowing because investors are willing to receive lower interest rates on low-risk debt.” Champaign is the only municipality in Illinois […]

City of Champaign Elections

Petitions for the Office of City Council Member Districts (Districts 1-5), Township Supervisor, Township Assessor and other campaign materials will be available in the Office of the City of Champaign City Clerk, 102 N Neil Street, beginning Tuesday, August 30, 2016, at 8:00 a.m. Petition information and forms will also be available on the City’s […]

City Staff Discusses Community Engagement with Visitor from Sierra Leone

City staff recently met with Christian Kamara, the National General Secretary and Chief Executive Officer of the YMCA in Sierra Leone. Mr. Kamara was visiting for a week to explore collaborations in global service learning with The University YMCA, which has a long-term partnership with the YMCA of Sierra Leone. Mr. Kamara expressed an interest in […]

City of Champaign to Preserve and Increase Accessibility to Historical Documents

  At their January 26, 2016, meeting, the Champaign City Council approved a project to preserve Council documents from the City’s inception through the present. This project will also make the documents more accessible to both historians and members of the general public. The documents to be preserved include City Council meeting minutes, resolutions, and […]

City of Champaign Receives Distinguished Budget Presentation Award

The Government Finance Officers Association of the United States and Canada (GFOA) is pleased to announce that City of Champaign, Illinois has received the GFOA’s Distinguished Budget Presentation Award for its budget. The award represents a significant achievement by the entity. It reflects the commitment of the governing body and staff to meeting the highest principles of governmental […]