Category: Finance Department News

Distinguished Budget Award

Once again, the City’s has received the Government Finance Officers Association (GFOA) Distinguished Budget Award for the Fiscal Year 2014/15 budget document. The City has received this award annually for 24 years, which shows a strong commitment to producing the highest quality budget document that reflects the guidelines and best practices established by GFOA and […]

Motor Fuel Tax Additional Funding

In July 2009, the State enacted the Illinois Jobs Now! program to create and retain over 439,000 jobs over six years with additional statewide capital construction funding (http://www2.illinois.gov/gov/jobsnow/). Over five years the City of Champaign received five Motor Fuel Tax (MFT) payments of $326,804 each, totaling $1.63 million, for transportation infrastructure projects. The City funded […]

Adopted Budget Document

Finance staff issued the Fiscal Year 2014/15 adopted budget document and posted it on the City’s website. By creating, submitting, and transmitting the document electronically, Finance staff furthered our City’s sustainability efforts (#greenchampaign). Each year the adopted budget is submitted to the Government Finance Officers Association (GFOA) for the Distinguished Budget Award program. The City […]

Total 2013 FOIA Request

On January 8, 2014, the City received a written request from Steve Hoffman, Editor of the Piatt County Journal-Republican (Journal), for the total number of Freedom of Information Act (FOIA) requests received by the City in 2013. This request was made for a story being assembled for the Journal to include the City and other […]

Sales Tax Rate Update

  The City increased its Home-Rule Sales Tax by 0.25% effective January 1, 2014 to increase Police and Fire services.   The overall sales tax rate for most purchases in the City of Champaign is as follows:   State: 5.00% City Share of State: 1.00% County Share of State: 0.25% County-Public Safety: 0.25% County-School Facility: […]

Distinguished Budget Award

Once again, the City has received the Government Finance Officers Association (GFOA) Distinguished Budget Award for the Fiscal Year 2013/14 adopted budget document.  The City has received this award annually for 23 years, demonstrating a strong commitment to producing the highest quality budget document that reflects the guidelines and best practices established by GFOA and […]

City of Champaign Bond Refinancing

The City of Champaign will save a total of $280,000 over the next nine years by refinancing a portion of the bonds issued in 2005 to finance construction of the new main library building. This is the third time that the City has refinanced debt in the past four years. The refinanced bonds carried an […]

City Receives Certificate of Achievement for Excellence in Financial Reporting:

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the City of Champaign a Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report (CAFR) for the City’s fiscal year ended June 30, 2012. The Certificate is the highest form of recognition for excellence in governmental […]

Food and Beverage Collections

Finance staff identified approximately 30 food and beverage retailers who were behind in their monthly food and beverage tax payments. Finance and Legal department staff, in cooperation with the Champaign Urbana Public Health District worked together to pursue payment. These efforts reduced the list to approximately six retailers with unpaid taxes. The retailers were informed […]

First Distribution Received for 2012 Property Tax Levy

The Finance Department received the first distribution of the 2012 tax levy in the amount of $2,720,642.21. Typically the first distribution is about 25% of the total levy. However, this year the City received only 12%. Per discussion with Dan Welch, Champaign County Treasurer, the lower distribution was necessary due to the impact of the […]