Palatine Finance Department in Palatine, Illinois

Popularity:#6 of 11 Finance Departments in Cook County#21 of 31 Finance Departments in Illinois#870 in Finance Departments

Palatine Finance Department Details

Address, Phone Number, and Hours for Palatine Finance Department, a Finance Department, at East Wood Street, Palatine IL.

Name
Palatine Finance Department
Address
200 East Wood Street
Palatine, Illinois, 60067
Phone
847-359-9081
Hours
Mon-Fri 8:00 AM-5:00 PM

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About the Palatine Finance Department

The Palatine Finance Department, located in Palatine, IL, is responsible for financial administration in Palatine. The Finance Department oversees accounting, cash management, debt management, and investment management, including preparing financial statements and enforcing financial controls. Government financial records created by the Finance Department are available to the public.

You may contact the Department of Finance for questions about:
  • Cook County government financial records
  • Palatine financial management
  • Municipal bonds and investments
  • Unclaimed property in Palatine, IL
  • Government budget reports
Palatine Government Financial Records

The Finance Department records all government financial transactions, including accounts payable, payroll, accounts receivable, and employee benefits transactions. The Palatine Department of Finance also reconciles bank statements to the general ledger to ensure Palatine government financial records are accurate. In addition to financial management services, the Finance Department creates annual financial statements detailing Palatine government financial activities, which are available to the public. These financial statements undergo audits from an outside agency to verify their accuracy and representation of the Palatine government's financial situation.

Unclaimed Property in Palatine, IL

The Palatine Finance Department provides information on unclaimed property located in Palatine, IL. These records allow rightful owners to claim their property. The Finance Department also provides resources to identify unclaimed funds, including for heirs or beneficiaries. Contact the Finance Department for information about Cook County databases to search for unclaimed funds or property, as well as information on recovering found cash and property.

Financial Reporting & Controls

In Palatine, the Finance Department develops and implements internal controls designed to promote transparency in financial management. These controls also prevent fraud, misuse, and misappropriation of funds. The Finance Department enforces rules for approving payments, handling cash, and processing payments. During the annual audit review, an external agency reviews Palatine government compliance with these internal controls.

Cook County Government Investments

The Finance Department manages the Palatine government's investments and cash on hand. This includes balancing the need for cash on hand to cover current activities and obligations with the opportunity to maximize investment returns. The Finance Department adopts policies on cash management and investment, and it also provides information on Cook County government investments.

Government Bonds & Debt Offerings

The Palatine Finance Department manages government bonds and debt offerings, including issuing bonds to pay for infrastructure improvements and public projects. The Department of Finance must size the bond offering and create an Official Statement, which provide rating agencies with information to assign the bonds a credit rating. Contact the Palatine Finance Department for more information on Palatine government bonds and debt offerings.

Contact the Palatine Finance Department

You may contact the Palatine Finance Department by calling 847-359-9081, or by addressing inquiries to the office mailing address: Palatine Finance Department, 200 East Wood Street, Palatine, Illinois, 60067.