The financial picture at the Homewood-Flossmoor Park District has improved enough that Standard & Poor’s has upped the bond rating for the district. Standard & Poor’s gave the park district an A- rating, a step up from its previous BBB rating. Standard & Poor’s Financial Services LLC is one[Read More…]
Tag: Finances
Switch to new accountant saving park district $50,000
The Homewood-Flossmoor Park District Board of Commissioners agreed to switch its accounting work to Lauterbach & Amen LLP. The move will save the district $50,000 over the next five years. The board’s decision at its January meeting was unanimous. The firm BKD, originally Wolf and Company, had been the auditor[Read More…]
Halfway through budget year, Flossmoor board cautiously optimistic
With an active six months of the 2017-18 fiscal year under its belt, the village of Flossmoor faces some potentially tough financial decisions. As the board of trustees wrestles with questions about infrastructure improvements, residents must consider approving a sales tax increase that village administrators claim is critical to keep[Read More…]