Financial Information
The Tri-County Regional Planning Commission (TCRPC) utilizes local, state, and federal funds to meet its mission and implement transportation, environment, and land use planning initiatives. Through the joint funding agreement, member jurisdictions provide TCRPC with its local funds, which are generally used to support state and federal grants as matching dollars. TCRPC’s financial and funding information can be found in the below resources.
Unified Planning Work Program
Each year TCRPC develops its Unified Planning Work Program (UPWP), which outlines the day-to-day activities of the agency, describes the proposed transportation planning initiatives, identifies funding sources, and sets the budget for all transportation planning activities for the specified fiscal year. More information about the UPWP and to access the current and previous documents is available on TCRPC’s dedicated UPWP webpage.
Monthly Financial Reports
TCRPC adopts a budget and UPWP annually, and the Staff Accountant provides monthly financial reports at all Ways and Means Committee and Full Commission meetings. These reports can be found in the agenda packets for all Ways and Means Committee and Full Commission meetings. The reports are comprised of the following:
- Financial Summary,
- Balance Sheets,
- Statement of Cash Flows
- Accounts Receivable Summary,
- Accounts Payable Aging Summary,
- Income Statement,
- Check and Credit Card Register, and
- Reconciliation Summary.
Financial Audits
TCRPC’s fiscal year covers the period from July 1 through June 30. As a recipient of state and federal grant funds, TCRPC is required to have an annual single audit completed after each fiscal year in accordance with generally accepted accounting principles to ensure compliance with federal grant requirements. The single audit is a financial report containing the following
- Comprehensive Annual Financial Report (Financial Statements).
- Schedule of Expenditures of Federal Awards and Independent Auditor’s Report thereon.
- Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and other matters based on an Audit of Financial Statements performed in accordance with Government Auditing Standards.
- Independent Auditor’s Report on Compliance with Requirements Applicable to each Major Program and on Internal Control over Compliance in accordance with 2 CFR Part 200.
- Illinois Grant Accountability and Transparency Consolidated Year-End Financial Report.
| Annual Single Audits | |
| Current Audit: | FY 2024 Audit |
| Previous Audit: | FY 2023 Audit |