The Village of Tinley Park is committed to ensuring open, honest communication about its finances and expenditures. For this reason, Tinley Park compiles and prepares a review of its audited Annual Comprehensive Financial Reports concerning the financial condition and fiscal results of Village operations.
Management Letters (SAS114)
Management Letters (SAS114)
Illinois Public Act 098-0738, effective Jan. 1, 2015, requires the posting of the management letter issued in relation to completion of the annual audit. Click on the below links to view these reports.
Uniform Guidance (2 CFR 200)
Uniform Guidance (2 CFR 200)
The independent audit report provided under uniform guidance 2 CFR 200, or commonly referred to as a “Single Audit,” is required for grantees that expend more than $750,000 in federal dollars in a year. This requirement went into effect in December 2014, replacing prior guidance under Circular A-133/OMB A-133 audit. This audit is not required if the threshold is not met or exceeded and provides reporting on internal controls over financial reporting, compliance with grant standards and other items in accordance with government auditing standards.