Financial Documents and Plans

Budget

Each year, Village staff develops a budget, which is then reviewed and adopted by the Village Board. The budget is a planning document that directs project management and dictates where monies will be spent. The Village budget year runs from May 1 through December 31, 2023, as it is a Stub Year. Click the links below for the most recent budget documents:

Click here to view the SY 2023 Final Budget

Click here to view prior year budgets 

Budget in Brief

The Budget in Brief summarizes the Stub Year 2023 Budget for May 1, 2023 to December 31, 2023, which was approved by the Village Board on April 24, 2023. Municipal budgets are lengthy and complex documents, so the Budget in Brief is intended to make it easier to learn about the Village’s budget, programs, and services while presenting an accurate depiction of how resources are deployed.

View the Village's SY23 Budget in Brief.

Annual Comprehensive Financial Report

In addition to publishing an annual budget, the Village also releases a Comprehensive Annual Financial Report. This report is required by the Governmental Accounting Standards Board, and provides an overview of the financial statements according to generally accepted accounting principles. The Village's most recent comprehensive annual report received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting.  

Click here to view the most recent Annual Comprehensive Financial Report for the Fiscal Year ending on April 30, 2022.

Click here to view the past Annual Comprehensive Financial Reports.

Popular Annual Financial Report

The Popular Annual Financial Report summarizes the Fiscal Year 2022 Annual Comprehensive Financial Report for May 1, 2021 to April 30, 2022. The Annual Comprehensive Financial Report is a lengthy and complex document. The Popular Annual Financial Report is intended to make it easier to learn about the Village’s audited financials while presenting an accurate depiction of how resources are deployed. 

View the Village's inaugural Popular Annual Financial Report. 

Plans and Reports

To assist in formulation of various Village policies or actions concerning community development and financial planning, various plans and reports are prepared. Below are key plans and reports that assist the Village in establishing policies or taking actions.

Bikeway Plan
The Village is in a keystone location to provide continuity to a regional bikeway system between the City of Chicago and the Village of Skokie. This report provides guidelines for the long-term development of a bikeway system that improves bicycle circulation within the community as well as establishes connections to larger bikeway systems.

Community Profile
This report provides a statistical view of the people and economy of Lincolnwood.

Comprehensive Plan
This plan provides the guide for land use decisions and forms the basis for the Zoning Code. The Village’s current Comprehensive Plan was adopted 2016.

Devon Avenue Corridor
This plan was prepared by the prestigious Urban Land Institute (ULI) and released in early 2014, this report provides key recommendation in the areas of Redevelopment Opportunities, Transportation Improvements and Streetscape Enhancements for that portion of the Devon Corridor located between McCormick Blvd. and Lincoln Avenue. This study of the Devon Corridor by ULI was made possible by the Chicago Metropolitan Agency for Planning (CMAP) and with support by the City of Chicago.

Devon-Lincoln TIF Plan
This document was adopted in 2014 by the Village Board with the creation of the Devon-Lincoln TIF District. This plan document provides a framework for funding future improvements located in this TIF District.

Lincoln Avenue Corridor Plan
This plan was prepared in 2005 by the Lincoln Avenue Task Force and provides a plan and set of recommendations for public spaces for development regulations and guidelines for the Lincoln Avenue Corridor. In 2006, this plan was incorporated into the Comprehensive Plan and recommended development regulations incorporated in the 2008 Zoning Code.

Lincoln Avenue Streetscape Plan
Approved in 2009, this plan provides a guide and framework for improving the public right-of-way of Lincoln Avenue and was recommended in the Lincoln Avenue Corridor Plan. The plan calls for the designation of marked parking lanes and bike lanes in the corridor as well as improved pedestrian crosswalks and amenities.

North Lincoln TIF
This document was prepared to provide an overall framework for funding future improvements and redevelopment near the Lincoln-Touhy intersection. It was adopted in 2019 with the establishment of the North Lincoln TIF District.

Northeast Business Park Improvement Plan
The plan was prepared in 2000 and recommends improvements to the northeast business area of the Village, also referred to as the Lincolnwood Business Park.

Northeast Industrial District TIF Plan
Prepared in 1996 when the Village established the North East Industrial District TIF District, this document provides redevelopment goals for this area, now called the Lincolnwood Business Park.

Northeast Industrial District TIF Conceptual Development Plan
The TIF for the Northeast Industrial District expired at the end of 2020. To utilize the TIF before its expiration, the Village of Lincolnwood developed the Lincolnwood NEID TIF Conceptual Development Plan to create a comprehensive vision for the district. The full PDF version of the plan document can be found here, and a web-based story map of the plan can be found here.

Strategic Plan and Vision Statement
The Village’s Strategic Plan was originally adopted in 2005 and updated in 2010, 2012, and 2014. It is the Village Board’s vision for the community for the years 2017 through 2019.

Touhy-Lawndale TIF Plan
Prepared in 1998 when the Village established the Touhy-Lawndale TIF District, this document provides redevelopment goals for this area. The site is now redeveloped with a Lowe’s Home Improvement store.

Touhy-Lincoln Development Study (Former Purple Hotel Site)
On August 15, 2017, the Village Board approved the Preferred Conceptual Site Plan, prepared by Lakota Group, as a plan that embodies the concepts, uses, densities, massing, and general layout the Village supports for the property located at the northwest intersection of Touhy and Lincoln (the former Purple Hotel Site). It is not intended as a blueprint for development, but rather, a guide.

Lincolnwood Business Park Retail Analysis and Feasibility Report
Completed in 2010, this report analyzes retail market potential, site capacity, and impediment to retail development in the Lincolnwood Business Park area. This report identifies proximity to both Touhy Avenue and the Lincolnwood Town Center as major factors for area retail redevelopment.