The City Treasurer

The City Treasurer is the Chief Fiscal Officer of the City of Burbank and head of the Finance Department.

The Treasurer is responsible for developing the Annual Appropriation Ordinance for the City. The Annual Appropriation Ordinance is the budget plan the City follows throughout the year. Input is received from all the department heads, and the Treasurer submits the budget to the Mayor and City Council to review, modify and eventually pass and authorize. The Treasurer maintains the City’s treasury following the laws of the State of Illinois. Capital preservation is the main goal for the City in addition to securing a reasonable return on the funds the City is not utilizing for current expenses.

The Finance Department maintains the accounting records of the City. The Finance Department is also responsible for assisting the public accounting firm that annually reviews its financial statements, verifying that these statements follow generally accepted accounting principles through testing and verification. The Finance Department pays all vendors and maintains the payroll records of the City. The Finance Department staff issues payroll checks and direct deposit payroll remittances for regular and other earnings along with benefits for its unionized, managerial and clerical support staff.

The City of Burbank has maintained an A1 bond rating from Moody’s Investor Services on its General Obligation bonded indebtedness for a number of years.

Dean Viverito