The Village of North Riverside publishes a Comprehensive Annual Financial Report (CAFR) for each fiscal year ending April 30. CAFRs from past fiscal years are provided for historical reference.
Effective January 1, 2015, Public Act 098-0738 requires municipalities to publish the auditor's communication to the President and Board of Trustees (referred to as the Management Letter) on the Village's website.
Actuarial Funding Reports
These reports provide accounting and financial reporting information that is intended to comply with the Governmental Accounting Standards Board (GASB) Statement Nos. 67 and 68 for the Village of North Riverside and its associated retirement funds. These calculations have been made on a basis that is consistent with our understanding of these Statements and in coordination with certified actuarial service providers. GASB Statement No. 67 is the accounting standard that applies to the stand-alone financial reports issued by retirement systems. GASB Statement No. 68 establishes accounting and financial reporting for state and local government employers who provide their employees (including former employees) pension benefits through a trust.