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
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1Breakfast Chat w/ Councilmen Oyler & Ruckriegel "CANCELLED"Coffee & Conversation with Councilman Montelongo![]() Apr 1 – Council Member Jim Montelongo will be hosting his Coffee & Conversation from 7:30 a.m. to 8:30 a.m. at Panera Bread at West Lake Shopping Center. Please come meet with Peoria Council Member Jim Montelongo and discuss City Council issues that primarily impact 4th district residents. The community is welcome to attend and discuss issues that impact their home, neighborhood or city. ![]() |
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3April Coffee & Conversation with 5th District Council Member Denis Cyr![]() Apr 3 Council Member Denis Cyr will be hosting his Coffee & Conversation from 11:00 a.m. to noon. at Barrack's Cater Inn Banquet Center located at 1224 W. Pioneer Parkway. Please come meet with Peoria Council Member Denis Cyr and discuss City Council issues that primarily impact 5th district residents. Mask wearing and social distance guidelines will be required for the safety of all in attendance. Tables will be set up accordingly. The community is welcome to attend and discuss issues that impact their home, neighborhood or city. ![]() |
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5Virtual One Stop ShopPeoria Housing AuthorityCommunity Revitalization Virtual Meeting for Public Input- East Bluff![]() Apr 5 6 PM on Zoom Join the meeting through this link: https://zoom.us/j/98753092294?pwd=L3FMcE9WK2hRZEw1OWdUVXRQb1JIUT09#success Or, by dialing 312-626-6799, passcode 980195. Space is limited. ![]() |
6Public Arts Advisory Commission Has Been Cancelled |
7Community Revitalization Virtual Meeting for Public Input- Near Northside![]() Apr 7 6 PM - Join Us on Zoom via this link: https://zoom.us/j/98753092294?pwd=L3FMcE9WK2hRZEw1OWdUVXRQb1JIUT09#success or by dialing 312-626-6799, passcode 980195. Space is limited. ![]() |
8Municipal Band CommissionFair Housing CommissionDowntown Advisory CommissionCommunity Revitalization Virtual Meeting for Public Input- Near Southside![]() Apr 8 6 PM- Join us for a Zoom Meeting at https://zoom.us/j/98753092294?pwd=L3FMcE9WK2hRZEw1OWdUVXRQb1JIUT09#success or by dialing 312-626-6799, passcode 980195. Space is limited. ![]() |
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12Virtual One Stop Shop |
13Mayor's Advisory Committee for Citizens with Disabilities Meeting CANCELLEDJoint City Council & Town Board Regular Meeting![]() Apr 13 PUBLIC NOTICE ![]() |
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16CDBG Public Services Advisory Commission![]() Apr 16 Log in: https://global.gotomeeting.com/join/522590725 ![]() |
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20Transportation Commission CANCELLEDSpringdale Cemetery Management Authority |
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22Public Building Commission of Peoria |
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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