Waukegan Finance Department in Waukegan Illinois

Address and phone number for Waukegan Finance Department, a Finance Department, at North Martin Luther King Junior Avenue, Waukegan IL.


Name
Waukegan Finance Department
Address
100 North Martin Luther King Junior Avenue, Waukegan, Illinois, 60085
Phone
847-599-2540
Hours
Open Daily 5:00 PM-10:00 PM

About the Waukegan Finance Department

The Waukegan Finance Department, located in Waukegan, IL, is responsible for financial administration in Waukegan. 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:
  • Lake County government financial records
  • Waukegan financial management
  • Municipal bonds and investments
  • Unclaimed property in Waukegan, IL
  • Government budget reports
Waukegan Government Financial Records

The Finance Department records all government financial transactions, including accounts payable, payroll, accounts receivable, and employee benefits transactions. The Waukegan Department of Finance also reconciles bank statements to the general ledger to ensure Waukegan government financial records are accurate. In addition to financial management services, the Finance Department creates annual financial statements detailing Waukegan 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 Waukegan government's financial situation.

Unclaimed Property in Waukegan, IL

The Waukegan Finance Department provides information on unclaimed property located in Waukegan, 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 Lake County databases to search for unclaimed funds or property, as well as information on recovering found cash and property.

Financial Reporting & Controls

In Waukegan, 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 Waukegan government compliance with these internal controls.

Lake County Government Investments

The Finance Department manages the Waukegan 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 Lake County government investments.

Government Bonds & Debt Offerings

The Waukegan 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 Waukegan Finance Department for more information on Waukegan government bonds and debt offerings.

Contact the Waukegan Finance Department

You may contact the Waukegan Finance Department by calling 847-599-2540, or by addressing inquiries to the office mailing address: Waukegan Finance Department, 100 North Martin Luther King Junior Avenue, Waukegan, Illinois, 60085.


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