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Deerfield finance director reports steady finances, high pension funding and upgrades to billing systems
Summary
Finance staff updated the board on the village audit, budget submittal, utility billing portal adoption and police pension actuarial status; trustees praised the pension funding level and asked follow‑up questions about upcoming bond discussions.
Village finance staff told trustees on May 12 that Deerfield’s financial operations are steady, the audit fieldwork for the 2024 annual comprehensive financial report is underway, and the administration is implementing technological upgrades intended to improve utility billing and vendor payments.
Eric, who presented the report for the finance department, said the village engaged Baker Tilly for its annual audit under a five‑year contract through 2026 and has submitted the 2025 budget and capital improvement plan for review. The budget document was submitted to the Government Finance Officers…
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