Schaumburg, IL
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The Village of Schaumburg operates under the Illinois Municipal Budget Law (50 ILCS 330/). The village's fiscal year begins May 1 of each year and ends April 30th for all funds except for the Hotel and Convention Center. The Hotel and Convention Center funds are maintained on a calendar year fiscal year to coincide with Marriott's fiscal year.
The audited annual financial statements of the Hotel and Convention Center can be found in the village's annual comprehensive financial reports. The 2022 audited Hotel and Convention Center financial statements, as an example, can be found in the Annual Comprehensive Financial Report for the fiscal year ended April 30, 2023.
Below you will find the Hotel and Convention Center's Business Plan Memo which summarizes prior year financial goals, next year priorities, historical results, capital projects and a high-level proposed budget for the following year.