Financial Reports
Financial statements of the Morton Grove Park District are presented in the Comprehensive Annual Financial Report (CAFR). The Morton Grove Park District fiscal year begins May 1st and operates through April 30th. The CAFR is a set of governmental financial statements compiled by the management of the District in a manner designed to present fairly the financial position and results of operations of the Morton Grove Park District.
State statues require an annual audit by independent certified public accountants within six months of the close of each fiscal year. Knutte and Associates, Certified Public Accountants, currently audit the District’s statements and provide audit opinions.
The District’s CAFR will be submitted to the Government Finance Officer’s Association (GFOA) Certificate of Achievement Award for Excellence in Financial Reporting Program. The certificate is awarded to local governments that go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive financial reports that evidence the spirit of transparency and full disclosure and then to recognize those governments that succeed in achieving this goal.
The Morton Grove Park District has received this prestigious award from the GFOA for the past ten years.