Part of assisting the City with future budget processes is fully understanding the past budget history of the City. The City employs an external audit to review the City's finances. Those reports areavailable under "financial statements" below. In addition, the external auditor reviews the City's internal controls and offers suggestions for improvements through a management letter. For 2006-07, there was no management letter which signifies the auditor had no recommendations.

On June 12, 2007 the City Council conducted a Budget Study Session on the 2007/2008 Operating and Capital Improvement Program Budget. The City of Villa Park operates on an annual fiscal year starting July 1 of each year. The Capital Improvement Program is a seven year plan for Capital Improvements (public works projects such as streets, sewers, and storm drain improvements). Effectively, each year the City renews its Capital Improvement Program so there is always a seven year outlook.