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ADMINISTRATION

All divisions within Finance are under Finance Administration and the Finance Director/Comptroller, Kyle Cratty. Finance Administration is specifically responsible for general accounting, financial reporting, and payroll functions. Some activities of the Administration Division are:

  • Debt management (including issuance of bonds and debt service payments)
  • Banking services (including weekly wire transfers and investing)
  • Labor Management Healthcare Committee participation (including two representatives as voting committee members and financial information resource)
  • General accounting (including day-to-day financial transactions and various financial reports)
  • Audit (including coordination with external auditors, internal procedures, and external tax customers, etc)

The Finance Administration Division has been instrumental in being awarded the Certificate of Achievement for Excellence in Financial Reporting for over 10 consecutive years. Also, because of Finance Administration’s debt management practices, the City holds an ‘AA-/Stable’ bond rating with Standard & Poor’s Global Ratings and an ‘A1/Negative Outlook’ rating with Moody’s Investor Services.

Office hours are 8:00 a.m. to 5:00 p.m., Monday through Friday.

Finance Department and Finance Administration inquiries should be directed to:

City of Peoria – Finance Administration
419 Fulton Street, Room 106
Peoria, IL 61602-1276
Phone: (309)494-8553
Fax: (309)494-8510
Email: finance@peoriagov.org

Finance Administration Calendar

 

December 2022
S M T W T F S
27 28

Firemen's Pension Fund Board of Trustees

Site Plan Review Board |One Stop Shop (VIRTUAL)

29 30 1

Councilman Andre W. Allen's "December Coffee with Constituents"

Planning/Zoning Commission

JCRJE - Quality Housing Sub-Committee

2 3
4 5

Site Plan Review Board |One Stop Shop (VIRTUAL)

Liquor Commission

Peoria Housing Authority

6

Peoria Urban Forestry Advisory Board

7

Fire & Police Commission

8

Municipal Band Commission

Public Building Commission of Peoria

Housing Commission

Peoria Police Pension Fund Meeting "Canceled"

Downtown Advisory Commission

Fair Employment Commission Meeting to be held Electronically and by Zoom

Advisory Committee on Police Community Relations

JCRJE - Information Technology Sub-Committee

9

Tourism Reserve Fund "CANCELLED"

10

Coffee & Conversation with your 5th District Council Member Denis Cyr

11 12

Peoria Area Diversity Employment Action Team

Site Plan Review Board |One Stop Shop (VIRTUAL)

Land Bank Board

Greater Peoria Mass Transit District Board of Trustees

JCRJE Economic Development and Jobs Sub-Committee

JCRJE Transportation and Mobility Sub-Committee

13

Election Commission

Mayor's Advisory Committee for Citizens with Disabilities Meeting "CANCELLED"

Joint City Council & Town Board of Trustees Regular Meeting

14

Board of Examining Engineers Meeting

15

Joint Review Board (TIF Districts) Special Meeting

16

CDBG Public Services Advisory Commission

17
18 19

Site Plan Review Board |One Stop Shop (VIRTUAL)

20

Cancelled--Transportation Commission

Springdale Cemetery Management Authority

Peoria Public Library Board of Trustees

21

Fire Department Foreign Fire Tax Board

Construction Commission

Solid Waste (Landfill) Committee

22

Police Pension Fund Board of Trustees

Peoria Civic Center Authority

23 24
25

Christmas Day - City Hall Closed

26

City Hall Closed in Observance of Christmas Day

Firemen's Pension Fund Board of Trustees Cancelled

Site Plan Review Board |One Stop Shop (VIRTUAL)

27

Riverfront Program and Policy Advisory Commission

Joint City Council & Town Board of Trustees Regular Meeting

28 29

Police Pension Fund Board of Trustees

30 31


Audit Reports

 

All files listed are .pdf, some may be large and take a while to download. If you have any problems or questions please contact the Finance Department at 309-494-8553.

Annual Audit Reports

Tax Rates Outside the Hospitality Zone

*If business is not located in Hospitality Improvement Zone*

Tax Rate Schedule

SALES TAX (COMBINED GENERAL MERCHANDISE) = 9.00%
Breakdown:
State of Illinois 6.25%
City of Peoria, IL 1.75%
County of Peoria, IL 1.00%

SALES TAX (FOOD, DRUGS, MEDICAL APPLIANCES) = 1.00%
Breakdown:
State of Illinois 1.00%

MUNICIPAL TAX

Restaurant / Tavern Tax = 11.00%
Breakdown:
State of Illinois 6.25%
City of Peoria, IL 1.75%
County of Peoria, IL 1.00%
City of Peoria, IL 2.00% (remitted directly to City)

Amusement Tax (Admission Fee) = 3.00%
Breakdown:
City of Peoria, IL 3.00% (remitted directly to City)

Hotel / Motel Tax = 14.00%
Breakdown:
State of Illinois 6.00%
City of Peoria, IL 8.00% (remitted directly to City)

Packaged Liquor Tax = 2.00%
Breakdown:
City of Peoria, IL 2.00% (remitted directly to City)

TITLED OR REGISTERED ITEMS = 6.25%
Breakdown:
State of Illinois 6.25%

GAS USE TAX = $0.0035 per therm
Breakdown:
City of Peoria, IL $0.0035 per therm (remitted directly to the City)

INFRASTRUCTURE MAINTENANCE FEE = 1.00%
Breakdown:
City of Peoria, IL 1.00%

UTILITY TAX = varies
Breakdown:
Electric (remitted directly to City) 5.00%
Telephone 5.00%
Water (remitted directly to City) 5.00%
Natural Gas (remitted directly to City) 3.75%

MOTOR FUEL TAX (Gasoline & LP Gas) = $0.637 per gallon & 9.00% per dollar
Breakdown:
State of Illinois 6.25%
City of Peoria, IL 1.75%
County of Peoria, IL 1.00%
City of Peoria, IL MF $0.05 per gallon (remitted directly to City)
State of Illinois MF $0.392 per gallon
Federal $0.184 cents per gallon
UST $0.003 per gallon
EIF $0.008 per gallon

Tax Rates Within the Hospitality Zone

*If business is located in Hospitality Improvement Zone*

Tax Rate Schedule

SALES TAX (COMBINED GENERAL MERCHANDISE) = 10.00%
Breakdown:
State of Illinois 6.25%
Hospitality Improvement Zone
Business Development District 1.00%
City of Peoria, IL 1.75%
County of Peoria, IL 1.00%

MUNICIPAL TAX

Restaurant / Tavern Tax = 12.00%
Breakdown:
State of Illinois 6.25%
Hospitality Improvement Zone
Business Development District 1.00% (remitted directly to City)
City of Peoria, IL 1.75%
County of Peoria, IL 1.00%
City of Peoria, IL 2.00% (remitted directly to City)

Hotel / Motel Tax = 15.00%
Breakdown:
State of Illinois 6.00%
Hospitality Improvement Zone
Business Development District 1.00% (remitted directly to City)
City of Peoria, IL 8.00% (remitted directly to City)

* Hospitality Improvement Zone Business Development District businesses – for a list of locations, go to the “Tax Rate Finder” at www.tax.illinois.gov

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