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Financial Policies of the Medinah Park District

The Board of Park Commissioners recognizes its responsibility to assure insofar as possible, the financial stability of the district, the maintenance of accurate and accessible financial records, and proper safeguards that protect the financial assets of the district. This is coupled with a need to operate the services and programs of the district in an efficient and effective fashion, and to not unduly encumber itself so as to impede progress.

Please revisit this section of our website in the future for information and updates related to the financial picture of the Medinah Park District.

Budget and Appropriations Ordinances

Annual Park District Financial Audit

Annual Park District Tax Levy

Annual Park District Fiscal Budgets

IMRF (Illinois Municipal Retirement Fund) LINK:

In compliance with Illinois Public Act 101-0504, the Medinah Park District provides the following link to the Illinois Municipal Retirement Fund web page which shows certain employer costs and participant information. You can visit this web page by clicking on this link: IMRF Employer Cost and Participation Information. Please scroll down the link page to the Employer Cost and Participation Information.

Certificate of Achievement

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the Medinah Park District for its comprehensive annual financial report (CAFR) for the fiscal year ending December 31, 2022. The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate users and user groups to read the report. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. This is the fifth consecutive year that the Medinah Park District has achieved this GFOA award with earlier awards coming for its fiscal years of 2018, 2019, 2020, 2021, and 2022.

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