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
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
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.