CHICAGO --Illinois Comptroller Judy Baar Topinka has asked the state attorney general to investigate the village of Washington Park for its failure to submit annual financial reports for the last seven years.
Local governments are required to file their annual financials, audits, and tax-increment financing reports with the comptroller’s office for record-keeping purposes.
The village has not filed its annual financial report or audits in seven years and has never filed a report on its nine-year-old TIF district.
Topinka’s office said it retained an independent auditing firm to examine the village’s financials but the village either did not or was not able to provide adequate documentation to complete the audit.
“We cannot afford to take chances with public money,” Topinka said in a statement. “I am concerned by Washington Park’s inability to produce financial information and make records available for public inspection. I have contacted the Attorney General to take a closer look and will assist the investigation in whatever way is most helpful.”
