Within six months after the end of each fiscal year, the municipal treasurer must prepare a statement of receipts and disbursements. This statement is known as the "Annual Treasurer's Report," and its requirements are found in the Illinois Compiled Statutes 65 ILCS 5/3.1-35-65. The report is published annually in the local newspaper.
Each report contains the following information:
- A listing of revenues, expenditures and changes to governmental funds
- A listing of all vendors receiving more than $2,500 by name and amount
- The total amount disbursed to vendors receiving less than $2,500
- The name and gross amount received in compensation by each elected official and employee; this disclosure of payroll-based compensation is allowed to be formatted in pay ranges rather than a separate amount for each individual under the Act.