Finance Department

Finance Director
Michelle Richter

Finance Department has provided forms for Property Transfer Tax, Food and Beverage Tax, Hotel Motel Tax, and Motor Fuel Tax on the Forms page – Forms

The Finance Department of the City of Freeport is responsible for numerous facets of internal finance:

Budgeting
Short-term and long-term projections
Cash Receipts
Cash Disbursements
Debt Management
Fixed Assets
Payroll
Purchasing
Internal and External audits
Financial reporting

Freeport Sales Tax Rates: The sales tax rate for general merchandise for the City of Freeport is 9% (effective 7/1/2024). Thee taxes are remitted directly to the Illinois Department of Revenue.

Prepared Food and Beverages (including Alcohol) are subject to the City’s Food and Beverage Tax of 1.25%. Therefore, a combined rate for establishments serving food and beverages is 10.25% (9% general tax and 1.25% Food and Beverage Tax).

Food and Beverage Tax is remitted to the City of Freeport. The necessary forms are located under the Documents tab > Finance Department Forms

Sales Taxes in the City of Freeport are as follows:

Qualifying Food and Drugs: 1%
General Merchandise Sales Tax: 9% (2.25% Home Rule, 6.25% State Tax, 0.5% County Public Safety)
City Hotel-Motel Tax: 5%
City Food and Beverage Tax: 1.25%
City Motor Fuel Tax: 0.02¢ per gallon

Annual Budgets
Fiscal Year 2024 (January-December 2024)
Fiscal Year 2023 (January-December 2023) Revised 12/18/23 after Re-appropriation Ordinance passed
Fiscal Year 2022 (January-December 2022) Revised 12/19/2022 after Re-Appropriation Ordinance passed
Fiscal Year 2021 (January-December 2021) Revised 12/20/2021 after Re-Appropriation Ordinance passed
Fiscal Year 2020 (January-December 2020) Revised 7/20/2020

Annual Appropriation Ordinances
Fiscal Year 2024 (January-December 2023)
Fiscal Year 2023 (January-December 2023)
Fiscal Year 2022 (January-December 2022)
Fiscal Year 2021 (January-December 2021)
Fiscal Year 2020 (January-December 2020) Revised 7/20/2020

Audits
Fiscal Year 2023 (January-December 2023)
Fiscal Year 2022 (January-December 2022)
Fiscal Year 2021 (January-December 2021)
Fiscal Year 2020 (January-December 2020)
Fiscal Year 2019B (May 2019-December 2019)
Fiscal Year 2019 (May 2018-April 2019)

Click here to view older audits.

Audit Management Letters
Fiscal Year 2023 (January-December 2023)
Fiscal Year 2022 (January-December 2022)
Fiscal Year 2021 (January-December 2021)
Fiscal Year 2020 (January-December 2020)
Fiscal Year 2019B (May 2019-December 2019)

Compensation Reporting per Public Act 97-0609
City of Freeport FY2024 Public Disclosure of “Total Compensation”
City of Freeport FY2023 Public Disclosure of “Total Compensation”
City of Freeport FY2022 Public Disclosure of “Total Compensation”
City of Freeport FY2021 Public Disclosure of “Total Compensation”
City of Freeport FY2020 Public Disclosure of “Total Compensation”

Annual Treasurer Reports
City of Freeport Annual Treasurer Report FY2023
City of Freeport Annual Treasurer Report FY2022
City of Freeport Annual Treasurer Report FY2021
City of Freeport Annual Treasurer Report FY2020
City of Freeport Annual Treasurer Report FY2019
City of Freeport Annual Treasurer Report FY2019B