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ADMINISTRATION

All divisions within Finance are under Finance Administration and the Finance Director/Comptroller, James R. Scroggins. 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)
  • Payroll (including processing paychecks and deductions, filing payroll tax returns, and implementing changes in tax law, personnel policies and labor contracts)
  • 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)494-8550
Fax: (309)494-8510
Email: finance@peoriagov.org

Finance Administration Calendar

 

March 2021
S M T W T F S
28 1

Liquor Commission via Teams

Peoria Housing Authority--open to the public via ZOOM

2

Tourism Reserve Fund Meeting "VIRTUAL"

Peoria Urban Forestry Advisory Board CANCELLED

MAJORITY OF QUORUM PUBLIC MEETING - REGARDING CAR WASH AT CORNER OF W. GLEN AVENUE AND N. UNIVERSITY STREET

3

Fire & Police Commission

4

Breakfast Chat w/ Councilmen Oyler & Ruckriegel postponed until next month.

Coffee & Conversation with Councilman Montelongo

Planning/Zoning Commission

Advisory Committee on Police-Community Relations to Host "Virtual Townhall"

5 6
7 8

Peoria Area Diversity Employment Action Team

Virtual One Stop Shop

Greater Peoria Mass Transit District Board of Trustees

9

Election Commission

Mayor's Advisory Committee for Citizens with Disabilities Meeting

Joint City Council & Town Board of Trustees Regular Meeting

10

Board of Examining Engineers Meeting

11

Municipal Band Commission

Fair Housing Commission

Downtown Advisory Commission

Fair Employment Commission

Advisory Committee on Police Community Relations

12

Tourism Reserve Fund Meeting moved to Tuesday, March 2, 2021 "Virtual"

13

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

14 15 16

Transportation Commission CANCELLED

Springdale Cemetery Management Authority

Peoria Public Library Board of Trustees via ZOOM

17

Fire Department Foreign Fire Tax Board

Construction Commission

18 19

CDBG Public Services Advisory Commission - CANCELLED

20
21 22

Firemen's Pension Fund Board of Trustees

23

Riverfront Program and Police Advisory Commission

24 25

Public Building Commission of Peoria

Police Pension Fund Board

Peoria Civic Center Authority

26 27
28 29 30 31 1

Breakfast Chat w/ Councilmen Oyler & Ruckriegel

Coffee & Conversation with Councilman Montelongo

Planning/Zoning Commission

2

City Hall Closed in Observance of Good Friday

3

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


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 309/494-8550.

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 = 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)

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) 3.50%

MOTOR FUEL TAX (Gasoline & LP Gas) = 43.5 cents 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 5.0 cents per gallon (remitted directly to City)
State of Illinois MF 19.0 cents per gallon
Federal 18.4 cents per gallon
UST .003 cents per gallon
EIF .008 cents 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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