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 8 consecutive years with the completion of the FY2007 CAFR.  Also, because of Finance Administration's debt management practices, the City holds an AA bond rating with Standard & Poor's and an Aa3 rating with Moody's Investor Services.

2010 Annual Audit Report 

2009 Annual Audit Report

2008 Annual Audit Report

2007 Annual Audit Report

2006 Annual Audit Report

2005 Annual Audit Report

 

 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@ci.peoria.il.us
 

 

 

 

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If business is not located in Hospitality Improvement Zone *

 

Tax Rate Schedule

COMBINED GENERAL MERCHANDISE  =              8.25%  

Breakdown:
State of Illinois                     6.25%
City of Peoria, IL                  1.50%
County of Peoria, IL               .50%  
 

FOOD, DRUGS, MEDICAL APPLIANCES  =            1.00%

Breakdown:
State of Illinois                     1.00%

 

MUNICIPAL TAX

Restaurant / Tavern Tax  =                         10.25%     

Breakdown: 
State of Illinois                    6.25%
City of Peoria, IL                 1.50%
County of Peoria, IL              .50% 
City of Peoria, IL                  2.00%    (remitted directly to City)

 

Amusement Tax (Admission Fee)  =                 2.00%

Breakdown:
City of Peoria, IL                  2.00%    (remitted directly to City)

 

Hotel / Motel Tax  =                                           12.00%

Breakdown:
State of Illinois                     6.00%
City of Peoria, IL                  6.00%    (remitted directly to City)

 

TITLED OR REGISTERED ITEMS  =                          6.25%

Breakdown:
State of Illinois                      6.25%

 

INFRASTRUCTURE MAINTENANCE FEE  =            1.00%

Breakdown:
City of Peoria, IL                   1.00%

 

UTILITY TAX  =                                                              5.00%

Breakdown:
Electric    (remitted directly to City)      
Telephone   

 

MOTOR FUEL TAX (Gasoline & LP Gas) = 40.5 cents per gallon  &  8.25% per dollar 

                                                                                                           

Breakdown:
State of Illinois                      6.25%
City of Peoria, IL                   1.50%
County of Peoria, IL                .50% 
City of Peoria, IL MF         2.0 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

 

 

If business is located in Hospitality Improvement Zone *

Tax Rate Schedule

COMBINED GENERAL MERCHANDISE =              9.25%   

Breakdown:
State of Illinois                        6.25%
Hospitality Improvement Zone
Business Dvlpmnt District    1.00%
City of Peoria, IL                     1.50%
County of Peoria, IL                 .50%  
 

 

MUNICIPAL TAX

Restaurant / Tavern Tax =                            11.25% 

Breakdown:
State of Illinois                        6.25%
Hospitality Improvement Zone
Business Dvlpmnt District    1.00%    (remitted directly to City)
City of Peoria, IL                     1.50%
County of Peoria, IL                 .50%  
City of Peoria, IL                     2.00%    (remitted directly to City)

 

 

 

Hotel / Motel Tax =                                         13.00%

Breakdown:
State of Illinois                        6.00%
Hospitality Improvement Zone
Business Dvlpmnt District    1.00%    (remitted directly to City)
City of Peoria, IL                     6.00%    (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