Finance Director and Assistant Administrator
Village of Antioch
2004 to present
A key role of government, from federal to local, is to foster the well-being of its people and a desirable quality of life—that includes financial stability, even more crucial during emergencies such as the coronavirus pandemic. The Village of Antioch has the responsibility to balance resources, and to support and advance the best interests of residents. Helping to do that, and do it well, is Joy McCarthy.
Finance Director and Assistant Administrator Joy McCarthy is well-versed in creating a course, and staying on-course, to fiscal strength and high ratings. Joining the Village in 2004, sixteen years and counting, as chief accountant and later promoted to her current roles, Joy and her team make sure there is quality, standards and efficiency in all areas. Joy also makes sure there is funding to invest in future economic growth and public infrastructure. She oversees all financial operations, including budget and tax levy preparation, adherence to statutory requirements, financial analysis and forecasting, overseeing audits, payroll, accounts payables, receivables, and water and sewer billing.
Setting the bar high, Joy changed the way financial statements were presented at fiscal year-end 2006, by preparing a Comprehensive Annual Financial Report (CAFR) with standards set by the Governmental Accounting Standards Board. Since that time, the Village has won a Certificate of Achievement for Excellence in Financial Reporting each year. CAFR is the highest award a municipality can receive. The Village is also rated AA- by S&P Global Ratings for credit worthiness.
The Village of Antioch supports the use of accounting and auditing standards which promote transparency and are a true reflection of financial health. With the leadership of Mayor Lawrence Hanson, administration and trustees, they work together with policies and best practices to achieve the optimum levels of capital investment and spending.
“We must be responsible stewards of the money that residents entrust through taxes and fees,” said McCarthy. “All of us have a shared focus on fiscal responsibility and we actively work together for a bright future.” Joy has seen the Village change, grow and plan for what’s ahead. “Throughout the years, I’ve seen tough financial decisions be made. But, I believe those decisions and how we approach decision-making, have positioned Antioch to endure downturns, even pandemics.”
The foundation the Village of Antioch has built will help weather uncertainties and things beyond. Although there’s no “crystal ball” for what may be ahead, what is known, they’re in this with you.
You can learn more about the Village of Antioch and the finance department at antioch.il.gov.