HomeMy Public PortalAbout2000 Comprehensive Annual Financial ReportVILLAGE OF GLENVIEW, ILLINOIS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 2000
Prepared by Finance Depa~ [iiient
Daniel P. Wiersma
Director of Finance
Harry I. Sakai
Assistant Director of Finance
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VILLAGE OF GLENVIEW, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
INTRODUCTORY SECTION
Principal Officials i
Organization Chart ii
Certificate of Achievement for Excellence in Financial Reporting iii
Director of Finance's Letter of Transmittal iv - xv
FINANCIAL SECTION
REPORT OF INDEPENDENT AUDITORS 1 - 2
GENERAL PURPOSE FINANCIAL STATEMENTS
All Fund Types and Account Groups and Discretely Presented
Component Unit
Combined Balance Sheet 3
All Governmental and Fiduciary (Expendable Trust) Fund Types
and Discretely Presented Component Unit
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances 4
All Governmental Fund Types
Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual 5
Ali Proprietary Fund Types
Combined Statement of Revenues, Expenses, and
Changes in Retained Earnings 6
Ali Pension Trust Funds
Combined Statement of Changes in Plan Net Assets 7
Ali Proprietary Fund Types
Combined Statement of Cash Flows 8
Notes to Financial Statements 9 - 43
VILLAGE OF GLENVIEW, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
FINANCIAL SECTION (CONT.)
REQUIRED SUPPLEMENTARY INFORMATION
Analysis of FunctLng Progress
Illinois Municipal Retirement Fund 44
Police Pension Fund 45
Firefighters* Pension Fund 46
Employer Contributions
l~linois Municipal Retirement Fund 47
Police Pension Fund 48
Firefighters' Pension Fund 49
COMBINING, INDIVIDUAL FUND, AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
GOVERNMENTAL FUND TYPES
GENERAL FUND
General Fund
Balance Sheet 50
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 51
Schedule of Revenues - Budget and Actual 52 - 53
Schedule of Expenditures - Budget and Actual 54 - 66
SPECIAL REVENUE FUNDS
All Funds
Combining Balance Sheet 67
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances 68
VILLAGE OF GLENVIEW, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
SPECIAL REVENUE FUNDS (CONT.)
Illinois Municipal Retirement Fund
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 69
Motor Fuel Tax Fund
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 70
Refuse and Recycling Fund
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 71
911 Communications Fund
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 72
GNAS Redevelopment Fund
Statement of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual 73
Schedule of Expenditures - Budget and Actual 74 - 75
GNAS Caretaker Fund
Statement of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual 76
Schedule of Expenditures - Budget and Actual 77 - 80
VILLAGE OF GLENVIEW, ILLINOIS
Comprehensive Annual Financial Report m
Table of Contents
December 31, 2000 m
PAGE I
FINANCIAL SECrlON (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
DEBT SERVICE FUNDS
All Funds
Combining Balance Sheet 81 m
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances 82 I
Combixting Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and Actual 83
CAPITAL PROJECTS FUNDS I
All Funds l
Combining Balance Sheet 84
Combining Statement of Revenues, Expenditures, I
and Changes in Fund Balances 85
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and Actual 86 - 87 I
PROPRIETARY FUND TYPES I
ENTERPRISE FUNDS
All Funds I
Combining Balance Sheet 88
Combining Statement of Revenues, Expenses, and I
Changes in Retained Earnings 89
Combining Schedule of Changes in Contributed Capital 90 I
Combining Statement of Cash Flows 91
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VILLAGE OF GLEN-VIEW, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
ENTERPRISE FUNDS (CONT.)
Waterworks Fund
Statement of Revenues, Expenses, and
Changes in Retained Earnings - Budget and Actual 92
Schedule of Operating Expenses - Budget and Actual 93 - 95
Schedule of Fixed Assets and Depreciation 96
Wholesale Water Fund
Statement of Revenues, Expenses, and
Changes in Retained Earrtings - Budget and Actual 97
Schedule of Operating Expenses - Budget and Actual 98
Schedule of Fixed Assets and Depreciation 99
North Maine Water and Sewer Fund
Statement of Revenues, Expenses, and
Changes in Retained Earnings - Budget and Actual 100
Schedule of Operating Expenses - Budget and Actual 101 - 102
Schedule of Fixed Assets and Depreciation 103
Sewerage Fund
Statement of Revenues, Expenses, and
Changes in Retained Earnings - Budget and Actual 104
Schedule of Opera~ng Expenses - Budget and Actual 105 - 106
Schedule of Fixed Assets and Depreciation 107
Commuter Parking Lot Fund
Statement of Revenues, Expenses, and
Changes in Retained Earnings - Budget and Actual 108
Schedule of Operal~ng Expenses - Budget and Actual 109
Schedule of Fixed Assets and Depreciation 110
VILLAGE OF GLENVIEW, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
INTERNAL SERVICE FUNDS
All Funds
Combining Balance Sheet 111
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings 112
Combining Statement of Cash blows 113
Municipal Equipment Repair Fund
Statement of Revenues, Expenses, and
Changes in Retained Earnings - Budget and Actual 114
Schedule of Operating Expenses - Budget and Actual 115
Insurance Fund
Statement of Revenues, Expenses, and
Changes in Retained Earnings - Budget and Actual 116
FIDUCIARY FUND TYPES
AGENCY FUNDS
TRUST
AND
All Funds
Combining Balance Sheet 117
Combining Statement of Plan Net Assets 118
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances (Expendable Trust Funds) 119
Combining Statement of Changes in Plan Net Assets
(Pension Trust Funds) 120
VILLAGE OF GLENVIEW, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
FINANCIAL SECTION (CONT.)
FIDUCIARY FUND TYPES (CONT.)
TRUST AND AGENCY FUNDS (CONT.)
Pension Trust Funds
Police Pension Fund
Statement of Changes in Plan Net Assets - Budget and Actual 121
Firefighters' Pension Fund
Statement of Changes in Plan Net Assets - Budget and Actual 122
Agency Funds
Combining Statement of Changes in Assets and Liabilities 123
ACCOUNT GROUPS
GENERAL FIXED ASSETS ACCOUNT GROUP
Schedule of General Fixed Assets - by Source 124
Schedule of General Fixed Assets - by Function and Activity 125
Schedule of Changes in General Fixed Assets -
by Function and Activity 126
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Schedule of General Long-Term Debt 127
COMPONENT UNIT
Library Fund
Combining Balance Sheet 128
Statement of Revenues, Expenditures, and Changes in
Fund Balance 129
Schedule of Operating Expenditures - Budget and Actual 130
Schedule of General Fixed Assets - by Source 131
VILLAGE OF GLENVIEW, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
FINANCIAL SECTION (CONT.)
SUPPLEMENTAL DATA
Combined Schedule of Cash and Investments 132
Schedule of InsUrance in Force 133
Long-Term Debt Requirements
Corporate Purpose Bond Series of 1992 134
Corporate PUrpose Bond Series of 1993 135
Corporate Purpose Bond Series of 1994 136
Corporate Purpose Bond Series of 1996 137
Corporate Purpose Bond Series of 1997 138
Corporate Purpose Notes of 1997 139
General Obligation Bond Series of 1998A 140
General Obligation Bond Series of 1998B 141
General Obligation Bond Series of 2000 142
VILLAGE OF GLENVIEI~, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
STATISTICAL SECTION
General Governmental Revenues by Source - Last Ten Fiscal Years 143
General Governmental Expenditures by Function - Last Ten
Fiscal Years 144
Property Tax Assessed Valuations, Rates, Extensions, and
Collections - Last Ten Fiscal Years 145
Assessed and Estimated Actual Value of Taxable Property -
Last Ten Fiscal Years 146
Property Tax Rates - Direct and Overlapping Governments -
Last Ten Fiscal Years 147
Ratio of Net General Obligation Bonded Debt to Assessed Value
and Net General Obligation Bonded Debt Per Capita -
Last Ten Fiscal Years 148
Schedule of Legal Debt Margin 149
Ratio of Annual Debt Service Expenditures for General Obligation
Debt to Total General Governmental Expenditures -
Last Ten Fiscal Years 150
Schedule of Revenue Bond Coverage - Last Ten Fiscal Years 151
Demographic Statistics - Last Ten Fiscal Years 152
Construction Value and Building Permits - Last Ten Fiscal years 153
Miscellaneous Statistics 154 - 156
Ten Wealthiest Illinois Communities - 1990 Census 157
Major Corporate Fund Revenue Sources 158
VILLAGE OF GLENVIEW, ILLINOIS
Comprehensive Annual Financial Report
Table of Contents
December 31, 2000
PAGE
STATISTICAL SECTION (CONT.)
ADDITIONAL DISCLOSURES REQUIRED BY SEC RULE 15c2-12
Statement of Indebtedness (as of December 31, 2000) 159
Retirement Schedule of Outstanding Village General
Obligation Debt 159
Debt Ratios and Per Capita Debt - Last Ten Bond Sales 160
Detailed Overlapping Bonded Indebtedness Payable from
Property Taxes at December 31, 2000 160
Equalized Assessed Valuation for Taxing Purposes 161
Tax Rates Per $100 Equalized Assessed Valuation 161
Tax Extensions and Collections (Village Purposes Only) 162
1993 and 1998 Tax Base Distribution by Property Classification 162
Ten Largest Taxpayers 162
General Fund
Summary Statement of Revenues, Expenditures, and Changes in
Fund Balance (1996 - 2000) and 2001 Budget 163
Balance Sheets (1996 - 2000) 163
Combined Statement - Ail Funds
Fund Balances 1996-1999 and Summary 2000
Revenues, Excess Revenues, and Fund Balances 164 - 165
Fixed Assets at December 31, 2000 165
VILLAGE OF GLENVIEW, ILLINOIS
Principal Officials
December 31, 2000
LEGISLATIVE
Village Board of Trustees
Nancy L. Firfer, President
Lawrence R. Carlson Kent B. Fuller
Rachel Cook Donna Pappo
John D. Crawford John W. Patton, Jr.
Paul T. McCarthy
Village Clerk/Treasurer
EXECUTIVE
Paul T. McCarthy, Village Manager
FINANCE DEPARTMENT
Daniel P. Wiersma, Director of Finance
Harry I. Sakal, Assistant Director of Finance
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Village of Glenview,
Illinois
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1999
Certificate of Achievement for Excellence in Financial
Reporling is presented by the Governmenl Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
Executive Director
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' Gl iew
June 21, 2001
Honorable President and
Members of the Board of Trustees
Citizens of the Village of Glenview
The comprehensive annual financial report of the Village of Glenview (the "Village") for the year
ended December 31, 2000 is submitted herewith. This report represents a comprehensive picture
of the Village's f'mancial activities during 2000 and the financial condition of its various funds at
December 31, 2000. Although formally addressed to the elected officials and citizens of
Glenview, this financial report has numerous other users. Foremost among the other users are
the bondholders of the Village, financial institutions, educational institutions and other
governmental entities.
Responsibility for both the accuracy of the data presented as well as the completeness and fairness
of the presentation, including all disclosures, rests with the Village. We believe the data, as
presented, is accurate in all material respects; that it is presented in a manner designed to fairly
set forth the financial position of the Village and the results of its operations as measured by the
financial activity of its various funds; and that all disclosures necessary to enable the reader to
gain the maximum understanding of the Village's fmancial affairs have been included.
The comprehensive annual financial report is presented in three sections: introductory, financial
and statistical. The introductory section includes this transmittal letter, the Village's
organizational chart and a list of principal officials. The financial section includes the general
purpose financial statements, and the combining, individual fund and account group financial
statements and schedules, as well as the independent auditor's report on the financial statements
and schedules. The statistical section includes selected financial and demographic information,
generally presented on a multi-year basis, as well as all continuing disclosures required by
Securities Exchange Commission Rule 15c2-12.
1225 Waukegan Road · Glenview, Illinois 60025 · (847) 724-1700 · (847) 724-4232 TDD
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The Reporting Entity and its Services
The Village of Glenview was incorporated in 1899 and operates under the council/manager form
of government. It is a home rule municipality as defined by the Illinois Constitution. Located
approximately 20 miles north of the City of Chicago, in Cook County, the Village occupies a land
area of 13 miles and has certified 2000 Census of 41,847. This
approximately
square
a
figure
represents an increase of 3,410 or 8.87% from the 1990 Census.
The Village provides a full range of general governmental services. Specifically, the Village
provides police and fire protection, health services, water and sewer utilities, construction and
maintenance of streets, code enforcement, planning and zoning, library services, and general
administrative services.
The financial reporting entity of the Village of Glenview is comprised of all funds and account
groups of the primary government (i.e., the Village of Glenview as legally defined) and its
pension trust funds: the Glenview Police Pension Fund and the Glenview Firefighters' Pension
Fund. These funds were determined to be pension trust funds due to their fiduciary and fiscal
relationships with the Village as their sole purpose is to provide retirement benefits to the
Village's sworn police officers and firefighters. The Glenview Public Library is included as a
discrete presentation since it is elected board of No
governed
by
a
separately
trustees.
other
legally separate entity qualifies as a component unit of the Village.
Economic Condition and Outlook
There are several measures of economic health for local governments. Perhaps four of the more
objective measures or indicators are local employment levels, retail sales activity, family income
levels and construction activity.
Employment levels in the Village have always surpassed that of Cook County and the State of
Illinois as a whole. As of December 31, 2000 the Village's unemployment rate was 2.5%,
compared to 4.7% for Cook County and 4.5% for the State of lllinois.
Retail sales within the Village totaled $652 million for 2000. This represents an increase of $77
million, or 13.4%, from 1999. The Village expects retails sales to continue to as additional
grow
retail space, currently under construction, comes on line.
family figures that the average income of Glenview
Median
income
from
the
1990
Census
show
residents far exceeds county and state averages. According to the Census Bureau, Glenview's
1990 median family income was $67,412, compared to $38,664 for the State and $35,225 for the
United States. This ranked Glenview as the fifth wealthiest community in the State of Illinois
amongst communities with populations over 25,000. (The Village also ranked fifth in terms of
median household income and fourth in per capita income when compared to these same
communities.)
For many years, there was no substantial new commercial or residential construction activity as
little vacant land was available for development. However, construction activity has increased
dramatically
the 1,100 acre former Glenview Naval Air Station, ("The Glen") develops.
as
Within the whole Village during 2000, there were 18 new commercial developments constructed,
with a total value of $33 million and 223 new residential housing permits issued.
Major Initiatives
For the Year
2000 was another year of significant advances in the Village's efforts to redevelop The Glen. The
Navy and the Village came to agreement on the Economic Development Conveyance of the Navy
base in 1998 and in light of the land use plan, and the massive infrastructure improvements needed
to achieve that plan, the Village will have acquired the 1,100 acre base property for approximately
$2.1 million. As of December 31, 2000, more than 1,000 acres had been deeded to the Village.
The remainder of the property will be transferred to the Village once the Navy completes all
required environmental clean-up, which is anticipated to occur by the end of 2001. Construction
began in 1998 on the initial infrastructure improvements and is expected to continue into 2003.
In addition, in 1998, the Village established a Tax Increment Financing District ("TIF"or
"District") which encompasses The Glen. The TIF was created as a risk management tool to
facilitate the redevelopment of the District. It is the Village's intent to close the District when the
costs associated with the redevelopment have been fully addressed.
As a result of the extensive work to develop a database of 1,200 marketing contacts, RFP's were
received from 57 developer groups in 1998 on the parcels offered for development. Following
analysis of the bids received, it was determined that all parcels received multiple bids from
qualified developers. Negotiations were concluded with developers resulting in the receipts of $85
million in land sales in 1999 and $42 million during 2000. During 1999 the Village established
the Village Permanent Fund. The Village transfers 20% of the Land Sales proceeds into this fund
for Village wide improvements as well as providing liquidity to the TIF project in the near term.
For the Future
2001 is expected to be another active year relative to the redevelopment of The Glen with
approximately $85 million of infrastructure construction scheduled. The Redevelopment staffbas
been negotiating with developers on the remaining parcels and it is anticipated that the balance of
the parcels will be sold in 2001. The focus during the year will be on the activities surrounding
the development of the Mixed Use Retail Center ("MURC") and working with developers to
secure the optimal business mix.
During 2001 the Village will begin the process to update its Comprehensive Plan. It is anticipated
that this process will take 15 to 18 months and will provide the Village with a context for future
development throughout the Village. Other notable projects for 2001 include: the purchase and
installation of a new phone system for all operating departments; a space utilization study to
determine the most efficient means to address the needs of the Police Department and Village
Hall; the establishment of a Fire Communications Center to handle fire and EMS calls and
wireless 9-1-1 mils; the design and construction of two additional fire stations to ensure
appropriate response times throughout the Village; and the implementation of new software to
assist the Development Department in its permitting function.
Financial Information
Management of the Village is responsible for establishing and maintaining internal controls
designed to ensure that the assets of the Village are protected from loss, theft or misuse, and to
ensure that adequate accounting data is compiled to allow for the timely preparation of financial
statements in conformity with generally accepted accounting principles.
Internal controls are designed to provide reasonable, but not
absolute,
assurance
that
these
objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of a control
should not exceed the benefits likely to be derived; and (2) the valuation of the costs and benefits
requires and judgements by management.
estimates
Budgetary Control
The objective of budgetary controls is to ensure compliance with legal provisions embodied in the
annual budget adopted by the Village's governing body. The budget covers activities of the
general, special revenue, debt service, enterprise, internal service and certain capital and fiduciary
funds. All appropriations lapse at year end, but open purchase orders are usually re-budgeted for
in the subsequent year.
The level of budgetary control, that is, the level at which expenditures cannot exceed the budgeted
amount, is established at the fund level. The Village maintains an encumbrance accounting
system
for the governmental and proprietary funds as one method of accomplishing budgetary controls.
Encumbrances outstanding at year end, if any, are reported as a reservation of fund balance since
they do not constitute expenditures liabilities.
or
General Government Fnnction~
The following table presents a summary of revenues available for general governmental functions
(the General, Special Revenue, Debt Service Funds and component unit - Library Funds) for the
year ended December 31, 2000 with comparisons to the previous year.
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Increase Percent
2000 Percent (Decrease) Increase
Revenues Amount of Total From 1999 (Decrease)
Property Taxes $11,467,708 30.89% $1,139,631 11.03%
Other Taxes 4,642,902 12.51 224,436 5.08
Total Taxes 16,110,610 43.40 1,364,067 9.25
Licenses and Permits t,737,399 4.68 503,719 40.83
Intergovernmental 14,394,795 38.78 942,570 7.01
Charges for Services 2,827,288 7.62 535,073 23.34
Fines and Forfeits 284,949 0.77 ( 59,368) (17.24)
Interest Earnings 1,133,248 3.05 ( 794) ( .07)
Miscellaneous 633,626 1.71 (888,737) (58.38)
Total Revenues $37,121,915 100.00% $2,396,530 6.90%
Total general goverlunental revenues for the year amounted to $37,132,334. This represents an
increase of $2,406,949 or 6.93 % over 1999.
Property tax revenues for general governmental purposes are reflect an increase of $1,139,631,
or 11.03%.
Other tax revenues totaled $4,642,902, representing an increase of $224,436 or 5.08%. The
most significant components of Other Taxes are the Utility Tax, which amounted to $3,712,583,
an increase of 13.97%, and the Hotel Tax, which generated $872,019, and increase of 8.58%.
The increase in the utility tax receipts are somewhat misleading as the areas' major electric utility
was unable to generate actual bills for most of 1999 and instead was making payments based on
prior year averages. The utility remedied this problem and began issuing actual bills in January
2000, but the basis for comparison suspect.
Revenue from the sale of licenses and permits totaled $1,737,399, an increase of $503,719, or
40.83 % compared to 1999. Building permit revenue totaled $1,420,971, an increase of $453,160
from 1999. While a majority of the permit revenue is associated with development at The Glen,
a significant portion is attributable to building activity elsewhere within the Village and an
indicator of the areas strong economy.
Intergovernmental revenues increased $942,570 to $14,394,795, an increase of 7.01% over 1999.
The largest single component of increase in this revenue category is Sales Tax which totaled
$6,522,922, an increase of $764,305 or 13.27% over 1999. Income Tax, the next largest
component, totaled $2,990,432, an increase of 9.13%. Other significant components of revenue
in this category are payments from the Glenbrook Fire Protection District for fire protection and
EMS service which totaled $1,968,076, down $155,916 or 7.34%, and Motor Fuel Tax at
$1,141,541, which saw an increase of $188,653 or 19.79% due to higher fuel prices.
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I Charges for Services totaled $2,827,288, an increase of 23.34% compared to 1999. The largest
component of this revenue category is Engineering fees which increased from $382,103 in 1999
I to $781,081 in 2000. The cause for this significant increase is attributable tO the Engineering
portion of the development and infrastructure work at The Glen.
I Interest earnings in those funds providing general governmental functions totaled $1,133,218, a
decrease of $794. Following is a breakdown of investment earnings by fund type:
I 2000 1999
Interest Interest Increase
I Fund Type Earnings Earnings (Decrease)
General $665,382 $478,582 $186,800
I Special Revenue 91,003 75,044 15,959
Debt Service 275,904 474,188 (198,284)
Library Component Unit 100,959 106,228 (5,269)
I TOTAL $1,133,248 $1,134,042 ($ 794)
I The increase in interest earnings for the General Fund and Special Revenue Fund can be attributed
to closer monitoring of short term cash with the implementation of new investment monitoring
I software, while the decrease for the debt service funds can be attributed to the fact that capitalized
interest which generated interest earnings in prior years has been expended, leaving fewer dollars
available for investment.
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Miscellaneous revenues totaled $633,626 for 2000, a decrease of $888,737 from 1999. Included
in the 1999 amount was $531,593 which was attributable to land sales (unrelated to The Glen).
I
Following is a table showing expenditures by service area with comparisons to the previous year
i for the general, special revenue, debt service and component unit (Library) funds:
Increase Percent
I 2000 Percent (Decrease) Increase
Expenditures Amount of Total from 1999 {Decrease)
i General Govermnent $12,789,380 30.67% $3,450,485 36.95%
Public Safety 13,564,127 32.53 955,849 7.58
Highways and Streets 5,382,953 12.91 (381,494) (6.62)
Pensions 1,403,581 3.37 46,791 3.45
I Culture and Recreation 3,488,166 8.37 260,293 8.06
Debt Service 5,069,881 12.15 (21,152,110) (80.67)
i Total Expenditures $41,698,088 100.00% $16,820,186) (28.74%)
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Total expenditures for general governmental functions in 2000 were $41,698,088, a decrease of I
$16,820,186 or 28.74% over 1999. As explained further below, the primary cause of the
decrease in the governmental function expenditures can be attributed to reduced debt service 1
payments related to the redevelopment of The Glen.
General governmental expenditures totaled $12,789,380, an increase of $3,450,485 or 36.95%. I
There are two primary causes for this huge increase, the first, a one-time event, was the purchase
of a parcel of property at a cost of $2,375,000, the second was the initial activity associated with ·
the Special Tax Allocation Fund which amounted to $1,108,986. This fund will exist until the
1
TIF DistriCt is dissolved.
Expenditures in the Public Safety category totaled $13,564,127, an increase of $955,849, or I
7.58%, and is primarily due to the addition of personnel and the progression of employees on the
step-plan: !
Expenditures in the highways and streets category totaled $5,382,953 in 2000, a decrease of
$381,494, or 6.62% compared to 1999. I
Debt service expenditures amounted to $5,069,881, compared to $26,221,991 in 1999. Of the
total expenditures for 1999, $22.1 million was for the two bond issues related to the 1
redevelopment of The Glen; the Series 1995 Bond Anticipation Bonds and the Series 1996 General
Obligation Bonds. The fmal principal payment on the Series 1995 Bond Anticipation Bond issue ·
amounted to $20.0 million in 1999.
1
General Fund Balance 1
I
The General Fund ended 2000 with a deficiency of revenues and other financing sources over
expenditures and other financing uses of $1,312,955. This brought the undesignated fund balance
1
to $10,844,349 at December 31, 2000, the equivalent of 34.7 % of actual 2000 expenditures and ·
transfers.
Enterprise Operations I
The Village has five enterprise operations accounted for in its financial statements, those being 1
the Waterworks Fund, the Wholesale Water Fund, the Sewerage Fund, the North Maine Water
and Sewer Fund and the Commuter Parking Lot Fund. 1
The Waterworks Fund recorded net income of $38,629 for the year ended December 31, 2000.
The f'mancial condition of the fund remains strong, with cash and investments totaling $2,516,757. I
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I The Wholesale Water Fund recorded a net loss of $25,848 for the year, resulting in retained
earnings of $733,552.
I The North Maine Water and Sewer Fund recorded a net loss of $311,730 for 2000. Of this
amount $249,857 is the result of a one-time write-down of receivables associated with the
I purchase of the system. The Fund ended the with cash and investments of $920,567.
year
The Sewerage Fund recorded a net loss of $92,383 for 2000 and ended the year with cash and
I investments of $436,281.
i Finally, the Commuter Parking Lot Fund recorded net income of $46,050 for 2000 and ended the
year with cash and investments of $719,617. Of the cash and investment total, $500,000 is a
grant from METRA to be used for the construction of the new train station at The Glen.
I Employee Pensions
Police sworn personnel are covered by the Police Pension Fund and sworn firefighters are covered
I by the Firefighters' Pension Fund. Both of these plans are defined benefit, single-employer plans
administered by local boards of trustees. The benefits and employer and employee contributions
are governed by state statutes.
I During 2000, the Village retained the services of independent actuary to perform an actuarial
valuation on the police and firefighter pension plans as of December 31, 1999. Following is
I information for the funds:
suuullary
two
I Police Fh'efighters'
Pension Fund Pension Fund
i Actuarial Accrued Liability - 12/31/99 $25,769,884 $34,999,514
Value of Plan Assets - 12/31/99 $25,629,270 $36,747,302
Percent Funded - 12/31/99 99.45 % 104.99 %
i Change in Net Assets FYE 12/31/00 $3,527,905 $3,419,586
Value of Net Assets - 12/31/00 $29,157,175 $40,166,889
I In 1993 the State of Illinois increased the benefits provided to police and firefighter pension fund
beneficiaries. The changes increased the pension benefit obligation of both funds, but especially
that of the police pension fund where a provision was made to compound annual increases in
I pension benefits. Municipalities have until the year 2033 to fully fund their police and firefighter
pension plans. The increase in asset value can be attributed to the net appreciation in fair value
of investments in the Pension Trust Funds. The decrease was particularly reflective of the
I reduction in market value of the long term Treasury zero Bonds held in both funds. The
coupon
purpose of "marking to market" is to show the value of a fund at a given point in time.
Practically however, as these funds do not have cash flow problems which would require
I liquidating positions, these losses are only for reporting purposes.
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All other employees of the Village who work at least 1,000 hours per year are covered by the I
Illinois Municipal Retirement Fund, ('IMRF") a state-wide pension plan. IMRF acts as the
administrative agent for local governments in Illinois. Benefit provisions and funding 1
requirements are established by state statute. At December 31, 2000 the Village was 112.33 %
funded in IMRF.
Debt Administration I
In December, 1999 the Village issued $4,970,000 of general obligation debt for various
infrastructure improvements throughout the Village. At that time, Moody's Investors Service l
affu-med the Village's Aaa general obligation bond rating assigned in 1993.
At December 31, 2000 the Village bad $62,930,000 of general obligation bonds outstanding. Of l
this amount, $55,090,000 is reflected in the general long-term debt account group and $7,840,000
is recorded directly in three enterprise funds. There was also $2,615,192 of general obligation
notes outstanding at December 31, 2000.
At December 31, 2000 there was $2,431,244 available in the various debt service funds for the I
payment of principal and interest, resulting in a net bondeddebt of $52,658,756. Theratio of net
bonded debt to assessed value and the amount of net bonded debt per capita are useful indicators
of a municipality's debt position. This data as of December 31, 1999 is as follows: 1
Net General Obligation Debt $52,658,756
Ratio of Net Debt to Assessed Value 4.13 %
Ratio of Net Debt to Actual Value 1.38 %
Net Debt Per Capita $1,258 !
Additional information about the Village's outstanding debt can be found in the notes to the ·
financial statements and the statistical section of this report.
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Property Tax Information ·
The county assessors' offices arc responsible for determining thc assessed value of real property
utilizing market values and established assessment ratios in Illinois. The State of Illinois then
assigns an equalization factor to each county in an attempt to get all properties in the state assessed
at approximately 33 % of market value. Property taxes are based upon the equalized assessed
value (EAV) of all taxable properties. A government' s tax rate is determined by dividing its tax
levy into its total EAV, adjusting for any rate limitations which might be applicable. I
At the time this report was prepared, information regarding the tax rates and assessed values for
the 2000 tax levy year were not yet available. The Village's 1999 total equalized assessed
valuation was $1,243,991,673, a 7.2% increase from the 1998 levy year. The Village's and the
Library-component unit's combined tax rate increased from $0.9251 for 1998 to $0.9464 for ·
1999. While the rate for the Library decreased from $0.2684 to $0.2628 as the Library did not
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I increase its levy amount, the Village's levy increased from $0.6567 to $0.6836 as the Village
decided to increase its investment in infrastructure improvements by $600,000.
I Following is a summary of the Village's tax rates for the past three years:
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Fund 1999 1998 1997
I General Fund $ .4513 $ .4092 $.4572
i Special Revenue Funds .0439 .0484 .0554
Debt Service Funds .1526 .1529 .1663
i Pension Trust Funds .0358 .0462 .0555
Subtotal - Village .6836 .6567 .7344
I Library .2628 .2684 .3036
Total Combined Tax Rate $.9464 $.9251 $1.0380
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Additional information regarding the Village's tax rates, assessed values and tax collections can
I be found in the statistical section of this report.
I Cash Management
i The Village's policy regarding cash management is based upon the realization that there is a time
value to money. A high priority is placed on procedures to ensure that monies due the Village
are collected and deposited as promptly as possible. Disbursements are closely controlled.
I Of equal importance is the emphasis on the management of the Village's investment portfolio.
All idle cash is invested in accordance with an established investment policy. The investment
I policy establishes safety of principal as the foremost objective. The policy provides for full
collateralization of all deposits in excess of FDIC limits. The Village is not permitted to leverage
its portfolio or invest in risky derivatives. Ail of the Village's Deposits and Investments are
I "Category 1" meaning that all Deposits are covered by federal depository insurance, or by
collateral held by the Village, or its agent, in the Village's name and all Investments are insured
or registered or are held by the Village, or its agent, in the Village's name.
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Following is a summary of total investment earnings and weighted average yields for each of the I
various fund types:
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Investment Income 1
Year Ended
Fund Type 12/31/00 Average Yield
General Fund $ 665,382 6.24% l
Special Revenue Funds 91,003 5.98
Debt Service Funds 275,904 5.29 ·
Capital Project Funds 5,021,621 6.04
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Enterprise Funds 283,645 5.92
Internal Service Funds 129,888 6.21 I
Expendable Trust Funds 226,099 6.16
Totals $6,693,542 6.22 % I
Risk Management I
The Village maintains a protected risk retention program for property, casualty, and workersI
compensation claims. Health insurance for employees and retirees is provided through a public
entity risk pool. Aggregate umbrella liability coverage is provided through the Village's []
membership in the High-level Excess Liability Pool, another public entity risk pool.
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The Village's insurance activity is accounted for in an internal service fund. For the year ended ·
December 31, 2000 the Insurance Fund reported a net loss of $113,749. Retained earnings at
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December 31, 2000 amounted to $3,733,331.
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Other Information
Independent Audit I
State statutes require an annual audit by independent certified public accountants. The accounting 1
firm of Crowe, Chizek and Company LLP performed the audit on the Village's 2000 financial
statements. The independent auditors' report is included in the financial section of this report. ·
The auditors have given this report an unqualified opinion, meaning that the financial statements
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fairly present the Village's financial position at December 31, 2000, and the results of operations
for the year then ended.1
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I Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded
I a Certificate of Achievement for Excellence in Financial Reporting to the Village of Glenview for
its comprehensive annual financial report (CAFR) for the fiscal year ended December 31, 1999.
The Certificate of Achievement is a prestigious national award recognizing conformance with the
I highest preparation of state and local government financial reports.
standards
for
i In order to be awarded a Certificate of Achievement, a government must publish an easily
readable and efficiently organized comprehensive annual financial report, whose contents conform
to program standards. The CAFR must satisfy both generally accepted accounting principles and
I applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. The Village of Glenview has
I received a Certificate of Achievement for the last eighteen consecutive years (fiscal years ended
1982-1999). We believe our current report continues to conform to the Certificate of
Achievement program requirements, and will be submitting it to GFOA.
I Acknowledgments
I comprehensive report on a timely basis was made possible
The
preparation
of
the
annual
f'mancial
by the dedicated service of the entire staff of the Finance Department. Each member of the
I Department has my sincere appreciation for the contributions made in the preparation of this
report. In particular, I would like to acknowledge the excellent work of Harry Sakai, Assistant
Finance Director, for his efforts in compiling the mountain of data necessary to complete this
i report.
Finally, appreciation is expressed to the Village President and Board of Trustees and the Village
I Manager for their leadership and support in planning and conducting the fiscal affairs of the
Village in a responsible manner.
I Respectfully submitted,
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~1 ~Da~iel P Wiersma
i Director of Finance
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REPORT OF INDEPENDENT AUDITORS
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CROWE CHIZEK
REPORT OF INDEPENDENT AUDITORS
The Honorable Village President
Members of the Board of Trustees
Village of Glenview, Illinois
We have audited the accompanying general purpose financial statements and the combining,
individual fund, and account group financial statements of the Village of Glenview, Illinois, as
of and for the year ended December 31, 2000, as listed in the accompanying table of contents,
and the general fund balance sheet as of December 31, 1999, and the related statement of
revenues, expenditures, and changes in fund balance for the year ended December 31, 1999.
These financial statements are the responsibility of the Village of Glenview, Illinois'
management. Our responsibility is to express an opinion on these financial statements based
on our audits.
We conducted our audits in accordance with generally accepted auditing standards. Those
standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly, in all
material respects, the financial position of the Village of Glenview, Illinois, as of December 31,
2000, and the results of its operations and the cash flows of its proprietary fund types for the
year then ended in conforrtfity with generally accepted accounting principles. Also, in our
opinion, the combining, individual fund, and account group financial statements referred to
above present fairly, in all material respects, the financial position of each of the individual
funds and account groups of the Village of Glenview, Illinois, as of December 31, 2000, and the
results of operations of such funds and the cash flows of individual proprietary funds for the
year then ended and the financial position of the General Fund as of December 31, 1999, and
the results of operations of the General Fund for the year then ended, in conformity with
generally accepted accounting principles.
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Our audit was made for the purpose of forming an opinion on the general purpose financial
statements taken as a whole and on the combining, individual fund, and account group
financial statements. The accompanying financial information Hsted as supplemental and
schedules in the accompanying table of contents and the analysis of funding progress and
employer contribution information on pages 44 to 49 is presented for purposes of additional
analysis and is not a required part of the financial statements of the Village of Glenview,
Illinois. Such irrformation has been subjected to the auditZng procedures applied in the audits
of the general purpose, combining, individual fund, and account group financial statements
and, in our opinion, is fairly presented in all material respects in relation to the general purpose
financial statements and each of the combining, individual fund, and account group financial
statements taken as a whole.
The introductory and statistical Lrfformation listed in the table of contents was not audited by
us, and accordingly, we do not express an opinion thereon.
Crowe, Chizek and Company LLP
Oak Brook, Illinois
May 9, 2001
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VILLAGE OF GLENVIEW, ILLINOIS
Ail Fund Types and Account Groups
and Discretely Presented Component Unit
Combined Balance Sheet
December 31, 2000
(See Following Page)
VILLAGE OF GLENVIEW, ILLINOIS
All Proprietary Fund Types
Combined Statement of Revenues, Expenses,
and Changes in Retained Earnings
Year Ended December 31, 2000 ·
(with comparative totals for 1999)
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Proprietary Fund TTpes Totals
Internal (Memorandum Only) 1
Enterprise Service 2000 1999
Operal~ng revenues I
Charges for services $ 13,996,915 $ 3,739,257 $ 17,736,172 $ 17,847,829
Miscellaneous 225,184 330~114 555~298 569,765
Total operating revenues 14,222,099 4,069,371 18,291,470 18,417,594
Operating expenses
Administration 820,199 820,199 664,600 ·
Operations 8,908,541 4,220,264 13,128,805 11,629,652
Depreciation and amortization 1,031,276 1,031,276 983,138
Total operating expenses 10,760,016 4,220,264 14,980,280 13,277,390
Operating income (loss) 3,462,083 (150,893) 3,311,190 5,140,204
Nonoperating revenues
(expenses)
Interest income 283,645 129,888 413,533 357,578
Interest expense and fiscal
charges (569,976) (569,976) (606,320)
(286,331) 129,888 (156,443) (248,742)
Income (loss) before operating
transfers 3,175,752 (21,005) 3,154,747 4,891,462
1
Operating transfers in 340,000 340,000 1,070,783
Operating transfers (out) (3,861,034) (11,600) (3,872,634) (2,742,310)
(3,521,034) (11,600) (3,532,634) (1,671,527)
Net income (loss) (345,282) (32,605) (377,887) 3,219,935
Retained earnings
January I 21,360,834 3,991,534 25,352,368 22,132,433 ·
December 31 $ 21,015,5 $ 3,958,92~9 $ 24,974,481 $ 25,352,368
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See accompanying notes to financial statements.
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VILLAGE OF GLENVIEW, ILLINOIS
All Pension Trust Funds
Combined Statement of Changes in Plan Net Assets
Year Ended December 31, 2000
(with comparative totals for 1999)
Police Fire fighters' Totals
Pension Pension 2000 1999
Additions
Contributions - employer
Taxes $ 427,409 $ 173,790 $ 601,199 $ 544,684
Contributions - plan members 386,898 398,513 785,411 733,298
Investment income
Net appreciation (depreciation) in
fair value of investments 3,050,660 1,705,784 4,756,444 (2,799,925)
Interest earned on investments 536,772 2,230,711 2,767,483 545,095
Total additions 4,401,739 4,508,798 8,910,537 (976,848)
Deductions
Pensions and refunds 869,740 1,079,533 1,949,273 1,736,002
Miscellaneous
Contractual professional services 4,094 9,679 13,773 9,702
Total deductions 873,834 1,089,212 1,963,046 1,745,704
Net increase (decrease) 3,527,905 3,419,586 6,947,491 (2,722,552)
Net assets held in trust for pension
benefits
January 1 25,629,270 36,747,303 62,376,573 65,099,125
December 31 $ 29,157,175 $ 40,166,889 $ 69,324,___~_._~ $ 62,376,57~3
See accompanying notes to financial statements.
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VILLAGE OF GLENVIEW, ILLINOIS I
All Proprietary Fund Types
Combined Statement of Cash Flows ~
Year Ended December 31, 2000
(with comparative totals for 1999) I
Internal (Memorandum Only) ~
Advance from other {tmcls (408,156) {408,156) (68,186)
Operating ~ravsfer$ (out) {3,861,034) 01,600) (3,872,634} (2,742,310)
(3,521,034) (11,600) {3,532,634) (1,671,527) ·
Principal paid on general ~
obligation bonds (568,298) (568,298) (604,720)
(1,062,538) (1,062,538) (3,094,902)
1,922,288 (14,395) 1,907,893 (4,386,943)
See accompanying notes to financial statements, l
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VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE ! - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the Village of Glenview, Illinois (Government) have been prepared
in conformity with generally accepted accounting principles (GAAP) as applied to government
units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting
body for establishkng governmental accounting and financial reporting principles. The more
significant of the Government's accounting policies are described below.
Reporting Entity: The Government a municipal corporation governed by an seven-
is
elected
member board. As required by generally accepted accounting principles, these financial
statements present the Government (the primary government) and its component units.
The Government's financial statements include pension trust funds:
Police Pension Employees Retirement System
The Government's police employees participate in the Police Pension Employees Retirement
System (PPERS). PPERS functions for the benefit of these employees and is governed by a
five-member pension board consisting of two members appointed by the Government's
President, one elected pension beneficiary, and two elected police. The Government and
PPERS participants are obligated to fund all PPERS costs based upon actuarial valuations.
The State of Illinois is authorized to establish benefit levels and the Government is
authorized to approve the actuarial assumptions used in the determination of contribution
levels. Although it possesses many of the characteristics of a legally separate government,
the PPERS is reported as if it were part of the primary government because its sole purpose
is to finance and administer the pensions of the Government's police employees and
because of the fiduciary nature of such activities. The PPERS is reported as a pension trust
fund.
Firefighters' Pension Employees Retirement System
The Government's firefighters participate in the Firefighters' Pension Employees Retirement
System (FPERS). FPERS functions for the benefit of these employees and is governed by a
nine-member pension board consisting of the Government's President, Treasurer, Clerk,
Attorney, and Fire Chief; one elected pension beneficiary; and three elected fire employees.
The Government and FPERS participants are obligated to fund all FPERS costs based upon
actuarial valuations. The State of Illinois is authorized to
establish
benefit
levels
and
the
Government is authorized to approve the actuarial assumptions used in the determination
of contribution levels. Although it possesses many of the characteristics of a legally
separate government, reported as were part primary government
the
FPERS
if
it
of
the
because its sole purpose is to finance and administer the pensions of the Government's
fire fighters and because of the fiduciary nature of such activities. The FPERS is reported as a
pension hmst fund.
(Continued)
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Basis of Accounting:. (Continued)
All proprietary f~Lnds and pension trust funds are accounted for on a flow of economic
resources measurement focus. With this measurement focus, all assets and all liabilities
associated with the operation of these funds are included on the balance sheet. Proprietary
fund-type fund equity (i.e., net total assets) is segregated into contributed capital and retained
earnings components. Proprietary fund-type operating statements present increases (i.e.,
revenues) and decreases (i.e., expenses) in net total assets.
The modified accrual basis of accounting is used by all governmental fund types, expendable
trust funds, and agency funds. Under the modified accrual basis of accounting, revenues are
recognized when susceptible to accrual (i.e., when they become both measurable and available).
"Measurable" means the amount of the transaction can be determined and "available" means
collectible within the current period. The Government recognizes property taxes when they
become both measurable and available in accordance with GASB Codification Section P70. A
one-year availability period is used for revenue recognition for all other governmental fund
revenues. Expenditures are recorded when the related fund liability is incurred. Principal and
interest on general long-term debt are recorded as fund liabilities when due or when amounts
have been accumulated in the debt service fund for payments to be made early in the following
year.
Those revenues susceptible to accrual are property taxes, franchise taxes, licenses, interest
revenue, and charges for services. Sales, income, and motor fuel taxes and fines collected and
held by the state at year end on behalf of the Government also are recognized as revenue.
Permit revenues are not susceptible to accrual because, generally, they are not measurable until
received in cash.
accrual basis of accounting is utilized by proprietary fund types, pension trust funds, and
The
nonexpendable trust funds. Under this method, revenues are recorded when earned and
expenses are recorded at the time liabilities are incurred.
The Government reports deferred revenue on its combined balance sheet. Deferred revenues
arise when a potential revenue does not meet both the "measurable" and "available" criteria for
recognition in the current period. Deferred revenues also arise when resources are received by
the Government before it has a legal claim to them, as when grant monies are received prior to
the incurrence of qualifying expenditures. Lr~ subsequent periods, when both revenue
recognition criteria are met or when the Government has a legal claim to the resources, the
liability for deferred revenue is removed from the combined balance sheet and revenue is
recognized.
(Continued)
VILLAGE OF GLEN-VIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Budgets: Budgets are adopted on a basis consistent with generally accepted accounting
principles. Annual appropriated budgets are adopted (at the fund level) for the General,
Special Revenue (except the Special Tax Allocation Fund), Debt Service, and Capital Projects
Funds (except the 2000 Project Fund) on the modified accrual basis and for the Enterprise,
Internal Service, and Pension Trust Funds on the accrual basis. The annual appropriated
budget is legally enacted and provides for a legal level of control at the fund level. All annual
appropriations lapse at fiscal year end.
During the current year, budgets were not adopted for the following funds:
Special Revenue Funds:
Special Tax Allocation Fund
Capital Projects Funds:
2000 Project Fund
The source of revenue and nature of expenditures for these funds are not subject to prediction,
and therefore, budgets were not adopted. Budget and actual comparisons for the Capital
Projects Funds exclude the aforement/oned funds.
The following is a reconciliation of the Capital Projects and Special Revenue Funds presented
on a budgetary basis to the GAAP basis presentation:
Capital Special
Projects Revenue
Funds Funds
Fund Balances - Budgeted Funds, at December 31, 2000
Non-GAAP Basis $ 102,780,818 $ 2,242,647
Nonbudgeted Fund Balances
Special Tax Allocation 3,477
2000 Project 4,892,418
4,892,418 3,477
Fund Balances, at December 31, 2000
GAAP Basis ~ ~
(Continued)
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Budgets: (Continued)
The Government does not record encumbrances.
Cash and Investments: For purposes of the statement of cash flows, the Government's
proprietary fund types consider all highly liquid investments with an original maturity of three
months or less when purchased to be cash equivalents.
Investments: In accordance with Government Accounting Standard Board Statement No. 31,
all investments are stated at fair value.
Short-Term Interfund Receivables/Payables: During the course of operations, numerous
transactions occur between individual funds for goods provided or services rendered. These
receivables and payables are classified as "due from other funds" or "due to other funds" on the
balance sheet. Short-term interfund loans, if any, are classified as "interfund
receivables/payables."
Inventories: Inventories are valued at cost, which approximates market, using the first-
In/first-out (FIFO) method. The costs of governmental fund-type inventories are recorded as
expenditures
when consumed rather than when purchased.
Prepaid Items/Expenses: Payments made to vendors for services that will benefit periods
beyond the date of this report are recorded as prepaid items/expenses.
Fixed Assets: General fixed assets are not capitalized in the funds used to acquire or construct
them. Instead, capital acquisition and construction are reflected as expenditures in
governmental funds, and the related assets are reported in the general fixed assets account
group. All purchased fixed assets are valued at cost where historical records are available and
at an estimated historical cost where no historical records exist. Donated fixed assets are valued
at their estimated fair value on the date received.
The costs of normal maintenance and repairs that do not add to the value of the asset or
materially extend asset lives are not capitalized. Improvements are capitalized and depreciated
over the remaining useful lives of the related fixed assets, as applicable.
Public domain ("infrastructure") general fixed assets consisting of roads, bridges, curbs and
gutters, streets and sidewalks, drainage systems, and lighting systems are not capitalized, as
these assets are immovable and of value only to the Government.
(Continued)
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VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Fixed Assets: (Continued)
Assets in the general fixed assets account group are not depreciated. Depreciation of buildings,
equipment, water/sewer systems, and vehicles in the proprietary fund types is computed using
the straight-line method.
Interest is capitalized on proprietary fund assets acquired with tax-exempt debt. The amount of
interest to be capitalized is calculated by offsetting interest expense incurred from the date of
the borrowing until completion of the project with interest earned on invested proceeds over
the same period.
Compensated Absences: Vested or accumulated vacation leave that is expected to be
liquidated with expendable available financial resources is reported as an expenditure and a
fund liability of the governmental fund that will pay it. Vested or accumulated vacation leave
of proprietary funds is recorded as an expense and liability of those funds as the benefits accrue
to employees.
Long-Term Obligations: Long-term debt is recogrfized as a liability of a governmental fund
when due or when resources have been accumulated in the debt service fund for payment early
in the following year. For other long-term obligations, only that portion expected to be
financed from expendable available financial resources is reported as a fund liability of a
governmental fund. The remai~xing portion of such obligations is reported in the general long-
term debt account group. Long-term liabilities expected to be financed from proprietary fund
operations are accounted for in those funds.
Fund Equity: Contributed capital is recorded in funds that have received
proprietary
grants or contributions from developers, customers, or other funds. Reserves represent those
portions of fund equity not appropriable for expenditure or legally segregated for a specific
future use. Designated fund balances represent tentative plans for future use of financial
Bond Discounts/Issuance Costs: In governmental fund types, bond discounts and issuance
costs are recognized in the current period. Bond discounts and issuance costs for proprietary
fund types are deferred and amortized over the term of the bonds using the bonds-outstanding
method, which approximates the effective interest method. Bond discounts are presented as a
reduction of the face amount of bonds payable, whereas issuance costs are recorded as deferred
charges.
(Continued)
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VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Interfund Transactions: Quasi-external transactions are accounted for as revenues,
expenditures, or expenses. Transactions that constitute reimbursements to a fund for
expenditures/expenses initially made from it that are properly applicable to another fund are
recorded as expenditures/expenses in the reimbursing fund and as reductions of
expenditures/expenses in the fund that is reimbursed.
All other interfund transactions, except quasi-external transactions and reimbursements, are
reported as transfers. Nonrecurring or nonroutine permanent transfers of equity are reported
as residual equity transfers. All other interfund transfers are reported as operating transfers.
Memorandum Only - Total Columns: Total columns on the general-purpose financial
statements are captioned "memorandum only" to indicate that they are presented only to
facilitate financial analysis. Data in these columns do not present financial position or results of
operations in conformity with generally accepted accounting principles. Neither are such data
comparable to a consolidation. Interftmd eliminations have not been made in the aggregation
of this data.
Comparative Data: Comparative total data for the prior year have been presented in selected
sections of the accompanying financial statements in order to provide an understanding of
changes in the Government's financial position, operations, and cash flows. There have been
some reclassifications between individual lines in the prior year columns in order to present
more comparable data.
GASB Pronouncements: The Government has elected, under the provisions of GASB
Statement 20, titled "Accounting and Financial Reporting for Proprietary Funds and Other
Governmental Entities That Use Proprietary Fund Accounting," to apply all applicable GASB
pronouncements and all FASB Statements and Interpretations, Accounting Principles Board
(APB) Opinions, and Accounting Research Bulletins (ARB) issued on or before November 30,
1989, unless they conflict with or contradict GASB pronouncements.
NOTE 2 - LEGAL COMPLIANCE AND ACCOUNTABILITY
Budgets: All depm'tments of the Government submit requests for appropriation to the
Government's manager so that a budget may be prepared. The budget is prepared by fund and
includes information onthe past year, current year estimates, and requested appropriations for
the next fiscal year.
(Continued)
16
VILLAGE OF GLENVIEW', ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 2 - LEGAL COMPLIANCE AND ACCOUNTABILITY (Continued)
Budgets: (Continued)
The proposed budget is presented to the governing body for review. The governing body
holds public hearings and may add to, subtract from, or change appropriations, but may not
change the form of the budget.
The manager is authorized to transfer budgeted amounts between departments within any
fund; however, any revisions that alter the total expenditures of any fund must be approved by
the governing body.
Expenditures may not legally exceed budgeted appropriations at the fund level. During the
year, a supplementary appropriation was necessary.
Deficit Fund Balances of Individual Funds: The following funds had a deficit in fund
balance/retained earnings as of the date of this report:
~und .Deficit Balanco
North Maine Water and Sewer $ 421,839
Corporate Purpose Bond Series of 2000 800
Excess of Actual Expenditures/Expenses Over Budget in Individual Funds: The following
funds had an excess of actual expenditures/expenses (exclusive of depreciation and
amortization) over budget for the fiscal year:
Fund.
Excess
Illinois Municipal Retirement $ 15,007
Corporate Purpose Bond Series of 2000
Glen Land Sales 800
2000 Project 1,340,085
Wholesale Water 78,340
Municipal Equipment Repair 45,819
Insurance 69,033
343,245
NOTE 3 - DEPOSITS AND INVESTMENTS
The Government maintains a cash and investmen~ pool that is available for use by all funds,
except the pension trust funds. Each fund type's portion of this pool is displayed on the
combined balance sheet as "cash and investments." In addition, investments are separately
held by several of the Government's funds. The deposits and investments of the pension trust
funds are held separately from those of other funds. Cash on hand of $4,332 for the primary
government and $950 for the component unit has been excluded from the amounts shown
below.
(Continued)
17
VILLAGE OF GLEN'VIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 3 - DEPOSITS AND INVESTMENTS (Continued)
Investments: (Continued)
The pension trust funds own 4 percent of the investments in Category 1.
Component Unit
-- -- Category _
! _2 _3 Totals
Corporate bonds $ 865,522 $ $ $ 965,522
U.S. Agency securities 500~000 500,000
~ ~ $ ~ 1,465,522
*# The Illinois Funds 68,593
Total inveslmaents
* Not subject to risk categorization
#The fait value of the position in the extemal pool is the same as the value of the pool shares and it is
SEC registered.
NOTE 4 - RECEIVABLES -TAXES
Property taxes for 2000 attach as an enforceable lien on January 1, 2000 on property values
assessed as of the same date. Taxes are lev/ed by December of the fiscal year (by passage of a
Tax Levy Ordinance). Tax bills are prepared by the County and issued on or about February 1,
2000 and August 1, 2000 and are payable in two installments, on or about March 1, 2000 and
September 1, 2000. The County collects such taxes and remits them periodically. The
allowance for uncollectible taxes has been stated at 2% of the tax levy, to reflect actual collection
experience.
(Continued)
20
VILLAGE OF GLEN'VIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 5 - FIXED ASSETS
General Fixed Assets Account Group: The following is a summary of changes in the general
fixed assets account group during the fiscal year:
Balances Balances
Primary_ Government lanuary 1 Additions Retirements December 31
Land $ 5,005,095 $ 638,758 $ $ 5,643,853
Buildings and improvements 10,089,432 71,538 10,160,970
Equipment 8,522,213 814,823 688,372 8,648,664
Furniture 295,072 295,072
Office equipment 677,101 12,149 689,250
$ 24.588.913 $ 1.537.268 $ 688,372 $ 25.437.809
Discretely Presented Balances Balances
Component Unit - Library ~anuary 1 Additions Retirements December 31
Land $ 500,000 $ $ $ 500,000
Buildings and improvements 4,125,488 4,125,488
Furniture and equipment 856,234 14,044 870,278
$ 5,481.722 $ 14.044 $ $ 5.495.766
Proprietary Fixed Assets:
The following is a summary of proprietary fund-type fixed assets as of the date of this report:
Enterprise Funds
Land and improvements $ 302,851
Buildings 243,645
Building improvements 203,309
Water/sewer systems 35,636,880
Equipment and vehicles 2,741,595
Office furniture and equipment 18,672
39,146,952
Accumulated depreciation (11,972,967)
$ 27.173.985
(Continued)
21
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 5 - FIXED ASSETS (Continued)
In proprietary funds, the following estimated useful lives are used to compute depreciation:
Building improvements 10-20 years
Water/sewer systems 50 years
Buildings 40-50 years
Equipment and vehicles 3-10 years
Office furniture and equipment 3-10 years
NOTE 6 ~ RISK MANAGEMENT
The Government is exposed to various risks of loss related to torts; theft of, damage to, and
destruction of assets; errors and omissions; injuries to employees; illnesses of employees; and
natural disasters. The Government is serf-insured for all risks and has estabhshed a risk-
financing fund, Insurance Fund (Fund), for all risks. It is accounted for as an internal service
fund where assets are set aside for claim settlements. Under this program, the Fund provides
coverage up to a maximum of $1,000,000 for each general liability claim, $50,000 for each
workers' compensation claim, and $50,000 for each property damage claim. The Goverrrment
purchases commercial insurance for claims in excess of the coverages provided by the Fund.
Settled claims have not exceeded this commercial coverage in any of the past three fiscal years.
All funds of the Government participate and make payments to the Fund based upon actuarial
estimates of the amounts needed to pay prior- and current-year claims. Liabilities of the Fund
are reported when it is probable that a loss has occurred and the amount of the loss can be
reasonably estimated. Liabilities include an amount for claims that have been incurred but not
reported (IBNR). Claim liabilities are calculated considering the effects of inflation, recent
claim settlement trends including frequency and amount of payouts, and other economic and
societal factors. Changes in the balances of claims liabilities during the past two fiscal years are
as follows:
Fiscal Year Ended
December 31
2000 1999
Unpaid claims - beginn~g $ 203,095 $ 218,650
Incurred claims (including IBNR) 93,869 49,000
Claim payments (27,342) (64,555)
Unpaid claims - ending $ 269,622 $ 203.095
(Continued)
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 6 - RISK MANAGEMENT (Continued)
Intergovernmental Personnel Benefit Cooperative (IPBC)
The Goverrmaent participates in the Intergovernmental Personnel Benefit Cooperative (IPBC).
IPBC is a public entity risk pool estabEshed by certain units of local govermnent in Illinois to
administer some or all of the personnel benefit programs (primarily medical, dental, and life
insurance coverage) offered by its members to their officers and employees and to the officers
and employees of certaIn other governmental, quasi-governmental, and nonprofit public
service entities. Risk of loss is retained by the Government, except that IPBC purchases excess
coverage policies.
Management consists of a Board of Directors comprised of one appoInted representative from
each member. In addition, there are three officers, a Benefit Administrator, and a Treasurer.
The Government does not exercise any control over achvities of IPBC beyond its representation
on the Board of Directors.
High-Level Excess Liability Pool (HELP)
The Government participates in the High-Level Excess Liability Pool (HELP). HELP is a public
entity risk pool established by certain municipalities In Illinois to provide excess liability
coverage ($10,000,000 of coverage after a $1,000,000 serf-insurance retention). The
Government's payments to HELP are displayed on the financial statements as
expenditures/expenses in appropriate funds.
HELP was organized on April 1, 1987. The purpose of HELP is to act as a joint self-insurance pool
for the purpose of seeking the prevention or lessening of liability claims for Injuries to persons or
property or claims for errors and omissions made against the members and other parties included
within the scope of coverage of HELP.
HELP is governed by a Board of Directors, which consists of one appointed representative from
each member municipality. Each director has an equal vote. The officers of HELP are appoInted
by the Board of Directors. The Board of Directors determines the general policy of HELP; makes
all appropriations; approves contracts; adopts resolutions providing for the issuance of debt by
HELP; adopts bylaws, rules, and regulations; and exercises such powers and performs such duties
as may be prescribed in the Agency Agreement or the bylaws.
The Government does not exercise any control over the activities of HELP beyond its
representation on the Board of Directors.
(Continued)
VILLAGE OF GLENVIEIW, ILLINOIS I
Notes to Financial Statements
December 31, 2000
NOTE 7 - LEASE OBLIGATIONS I
No material capital or operating leases were in effect as of the date of this report.
NOTE 8 - LONG-TERM DEBT
in Long-Term Liabilities: During the fiscal year, the following changes occurred in
Changes
liabilities reported in the long-term debt for General Obligation Bonds:
Balances Balances I
lanuary_ 1 Additions Reductions December 31
Enterprise Funds $ 8,170,000 $ $ 330,000 $ 7,840,000 ·
General Long-Term Debt
Account Group 52,810,000 4,970,000 2,690,000 55,090,000
$ 60.980,000 $ 4,970,000 $ 3,000,000 $ 62,930.000 1
General Obligation Bonds: The Government issues general obligation bonds to provide funds
for the acquisition and construction of major capital facilities. General obligation bonds have ·
been issued for both general government and proprietary activities. These bonds therefore are
reported in the proprietary funds if they are expected to be repaid from proprietary revenues.
General obligation bonds are direct obligations and pledge the full faith and credit of the ·
Government. General obligation bonds currently outstanding are as follows:
Fund Debt Balances Balances 1
Issue Retired Bv lanuary 1 Additions Reductions December 31
$2,895,000 Corporate Purpose am
Bonds Series of 1992 dated April
1, 1992, due in annual
installments of $10,000 to
$255,000 plus interest at 4.00% to Whole-
5.90% through December 1, sale
2012. Water $ 2,295,000 $ $ 120,000 $ 2,175,000
$7,635,000 Corporate Purpose
Bonds Series of 1993 dated May ·
1, 1993, due in annual
installments of $205,000 to
$1,345,000 plus interest at 4.60%
to 4.70% through December 1, Debt ·
2005. Service 5,765,000 610,000 5,155,000
$8,040,000 Corporate Purpose
Bond Series of 1994 dated ·
September 15, 1994, due in
annual installments of $90,000 to
$1,275,000 plus interest at 4.00%
to 5.10% through December 1, Debt ·
2004. Service 4,785,000 1,275,000 3,510,000
·
(Continued) I
24
!
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 8 - LONG-TERM DEBT (Continued)
General Obligation Bonds: (Continued)
Fund Debt Balances Balances
Issue Retired By |anuary 1 Additions Reductions December 31
$500,000 Corporate Purpose
Bond Series of 1995 dated
October 17, 1995, due in annual
installments of $100,000 plus
interest at 3.55% to 4.20% Debt
through December 31, 2000. Service $ I00,000 $ $ 100,000 $
$8,345,000 Corporate Purpose
Bond Series ot 1996 dated
November 1, 1996, due in annual
installments of $675,000 to
$1,050,000 plus interest at 4.60%
to 4.875% through December 1, Debt
2008. Service 7,760,000 705,000 7,055,000
$6,175,000 Corporate Purpose
Bond Series of 1997 dated
August 1, 1997, due in annual North
installments of $100,000 to Maine
$495,000 plus interest at 4.875% Water
to 5.00% through December 1, and
2017. Sewer 5,875,000 210,000 5,665,000
$40,000,000 General Obligation
Bond Series of 1998A dated
November 1, 1998, due in annual
insJallments of $695,000 to
$1,875,000 plus interest at 4.10%
to 4.35% through December 1, Debt
2018. Service 10,000,000 10,000,000
$24,400,000 General Obligation
Bond Series of 1998B dated
January 1, 1999, due in annual
installments of $1,000,000 to
$2,050,000 plus interest at 4.25%
to 4.50% through December 1, Debt
2018. Service 24,400,000 24,400,000
$4,970,000 General Obligation
Bond Series of 2000 dated
December 15, 2000, due in
annual installments of $345,000
to $1,875,000 plus interest at
4.30% to 4.5% through Debt
December 1, 2008. Service 4~970~000 4~970t000
$ 60,980,000 $ 4.970.000 $ 3.020.000 $ 62.930.000
(Continued)
VILLAGE OF GLEN'VIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 8 - LONG-TERM DEBT (Continued)
Notes Payable: The Government enters into notes payable to provide funds for the acquisition
capital assets. Notes payable have been issued for proprietary activities. The proprietary
liabilities are therefore reported in the proprietary funds.
Note payable currently outstanding is as follows:
Fund Debt Balances Balances
Retired By |anuary 1 Additions Reductiom December 31
$2,850,000 Corporate Purpose
of 1997 dated September 2, North
due in mmual installments of Maine
$215,377. Interest paid at 4.942% Water
through September 1, 2019. and
Sewer $ 2.697.270 $ $ 82.078 $ 2.615.192
Debt Service Requirements to Maturity
Annual debt service requirements to maturity are as follows:
General Corporate
Obligation Purpose
General Bonds Camed Notes Camed
Fiscal Obligation as Enterprise as Fa~terprise
Year Bonds Fund Liabilities Fund Liabilities Totals
2001 $ 5,048,503 $ 759,476 $ 215,377 $ 6,023,356
2002 6,463,692 756,494 215,377 7,435,563
2003 6,128,640 767,596 215,377 7,111,613
2004 6,132,105 761,906 215,377 7,109,388
2005 5,924,155 760,268 215,377 6,899,800
2006 5,930,101 762,352 215,377 6,907,830
2007 5,988,987 762,896 215,377 6,967,260
2008 5,038,696 766,966 215,377 6,021,039
2009 2,894,195 769,326 215,377 3,878,898
2010
2,896,915
769,866 215,377 3,882,158
2011 2,903,940 768,772 215,377 3,888,089
2012 2,906,690 775,956 215,377 3,898,023
2013 2,917,945 505,750 215,377 3,639,072
2014 2,931,070 511,000 215,377 3,657,447
2015 2,948,950 510,000 215,377 3,674,327
2016 2,966,050 513,000 215,377 3,694,427
2017 2,982,035 519,750 215,377 3,717,162
2018 3,001,564 215,377 3,216,941
2019 215,377 215t377
Total principalandinterest $ 76,004.233 $ 11.741.374 $ 4.092,163 $ 91.837.770
Interest portion $ 20.914,233 $ 3.901.374 $ 1,476.964 $ 26,292,5T1
(Continued)
26
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Finandal Statements
December 31, 2000
NOTE 8 - LONG-TERM DEBT (Continued)
Legal Debt Margin
The Government is a home rule municipality.
Article VII, Section 6(k) of the 1970 Illinois Constitution governs computation of the legal debt
r gin.
"The General Assembly may limit by law the mount and require referendum approval of
debt to be incurred by home rule municipalities, payable from ad valorem property tax
receipts, only in excess of the following percentages of the assessed value of its taxable
property... (2) ff its population is more than 25,000 and less than 500,000 an aggregate of
one percent: ~.. indebtedness which is outstanding on the effective date (July 1, 1971) of
this constitution or which is thereafter approved by referendum.., shall not be included in
the foregoing percentage mounts."
To date, the General Assembly has set no limits for home rule municipalities.
Advance Refunding - General Obligation Refunding Bonds, Series 1994
On August 30, 1994, the Government passed an ordinance providing for the issuance of
$8,040,000 General Obligation Refunding Bond Series of 1994 and the levy and collection of a
direct annual tax for the payment of principal and interest on the bonds. On August 30, 1994,
the Government passed an ordinance directing the execution of an escrow agreement in order
to partially refund $5,025,000 of General Obligation Bond Series of 1989 and $2,525,000 of
General Obligation Bond Series of 1990 issued by the Government and outstanding in the
aggregate principal amount of $6,625,000 and $4,000,000, respectively. This advance refunding
was undertaken to reduce total debt service payments over the next eleven years by $322,463
and to obtain an economic gain (difference between the present value of the debt service
payments of the refunded and refunding bonds) of $259,324.
amount of $7,988,866 from the refunding bonds were used to execute the
Proceeds
the
escrow agreement. The long-term debt is recorded in the General Long-Term Debt Account
Group. Current principal and interest requirements are accounted for in the Debt Service Fund.
Although there has been no legal defeasance (satisfaction of debt) in this transaction, all
conditions that normally satisfy defeasance of the partial refund of the $5,025,000 of General
$2,525,000 of General Obligation Bond Series of 1990 have
Obligation
Bond
Series
of
1989
and
been met.
(Continued)
27
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 8 - LONG-TERM DEBT (Continued)
Advance Refunding - General Obligation Refunding Bonds, Series 1994 (Continued)
Those provisions include:
Proceeds of the new debt have been placed in an irrevocable trust with a reputable trustee
for the primary purpose of satisfying old debt at a specified future date. An escrow
agreement has been entered into with American National Bank and Trust Company of
Chicago.
The proceeds of the new debt are invested in direct U.S. Treasury obligations with
maturities that approximate the debt service requirements of the original issue.
The proceeds in escrow are not subject to lien for any purpose other than in connection with
the advance refunding transaction.
Since the requirements that normally satisfy defeasance have been met, the financial statements
reflect satisfaction of the original liability through the irrevocable transfer to an escrow agent of
an amount computed to be adequate to meet the future debt service requirements of the issue.
Schedule of Future Requirements
Corporate Purpose Corporate Purpose
Fiscal Year --- Bond Series of 1989 ....... Bond Series of 1990 ---
Ending Interest Interest
December 31 Rate Principal Rate Principal
2001 6.50% $ 550,000 6.90% $ 575,000
2002 6.60 550,000 6.90 600,000
2003 6.60 600,000
2004 6.60 625,000
$ 2.325.000 $ 1.175.000
Noncommitment Debt
Special Service Area Bonds: Special service area bonds outstanding as of the date of this
report totaled $953,816. These bonds are not an obligation of the Government and are secured
by the levy of special service on the real property within the special service area. The
Government is in no way liable for repayment but is only acting as the agent for the property
owners in levying and collecting the assessments and forwarding the collections to the
bondholders.
(Continued)
28
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 8 - LONG-TERM DEBT (Continued)
Industrial Development Revenue Bonds: The Government qualifies as a Home Rule Unit
under Section 6(a) of Article VII of the 1970 Constitution of Illinois and, under the powers
granted by this Section, can exercise any power and perform any function pertaining to its
government and affairs that is not prohibited by the Illinois State Statutes.
The issuance of Industrial Development Revenue Bonds by the Government is to finance in
whole or in part the cost of the acquisition, purchase, construction, reconstruction,
improvement, equipping, betterment, or extension of any economic development project in
order to encourage economic development within or near the Government.
Industrial Development Revenues Bonds are not a debt of the Government. The entity using
the bond proceeds to finance a construction or improvement project is liable for the bonds.
not act as an agent Development Revenue Bonds, the
Since
the
Government
does
for
Industrial
transactions relating to the bonds and property do not appear In the Government's financial
statements.
The Government has authorized the issuance of the following such bonds:
Baxter, L.L.C.
Under authority of Ordinance No. 3909, dated October 21, 1997, the Village refinanced
$9,770,000 of Industrial Development Bonds dated as of November 1, 1997, at 5.25 percent
interest. Final payment date of the bonds is December 1, 2027. Bond proceeds were issued to
refinance previously issued Industrial Development Bonds from 1985. The initial bonds were
issued to fund the completion of a multi-family housing project titled Valley Lo Towers II.
NOTE 9 - CONTRACTUAL COMMITMENTS
High-Level Excess Liability Pool (HELP)
The Government has committed to purchase excess liability insurance from the High-Level
Excess Liability Pool (HELP), a public entity risk pool for certain Illinois municipalities through
April 30, 2008.
These amounts have been calculated usIng the Government's current allocation percentage of
7.58%. In future years, this allocation percentage will be subject to change because the HELP
Agreement provides that each year members will be assessed based upon a formula that
specifies the following four criteria for allocating premium costs:
(Continued)
29
VILLAGE OF GLENVIEI/V, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 9 - CONTRACTUAL COMMITMENTS (Continued)
Miles of Streets
Full-Time Equivalent Employees
Number of Motor Vehicles
Operating Revenues
Solid Waste Agency of Northern Cook County (SWANCC): The Government has committed
to pay its share of the annual operating costs and fixed costs of the SWANCC. The
Government's share of costs is expected to be funded through tipping fees paid by refuse
haulers. The Government began delivering refuse to SWANCC in May of 1995.
SWANCC has entered into solid waste disposal contracts with the twenty-three member
municipalities. The contracts are irrevocable and may not be terminated or amended except as
provided in the contract. Each member is obligated, on a "take or pay" basis, to purchase, or in
any event, to pay for a minimum annual cost of the system.
The obligation of the Government to make all payments as required by this contact is
unconditional and irrevocable, without regard to performance or nonperformance by
SWANCC of its obligations under this contract.
NOTE 10 - INTERFUND ASSETS/LIABILITIES
Due From/To Other Funds
Receivable Fund Payable Fund Amount
General GNAS Redevelopment $ 408,178
Glen Land Sales 10,000
GNAS Bond Fund Series 1995 16,000
Capital Equipment Replacement 25,000
Deposit 61r928
521~106
Special Revenue
GNAS - Redevelopment Special Tax Allocation 1,325,000
Illinois Municipal Retirement General 1,873
GNAS Caretaker Special Tax Allocation 73,000
Special Tax Allocation Glen Land Sales 3,103~000
41502'873
(Continued)
30
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 10 - INTERFUND ASSETS/LIABILITIES (Continued)
Due From/To Other Funds (Continued)
Receivable Fund Payable Fund Amount
Debt Service
Corporate Purpose
Bond
Series of 1994 General $ 3,224
Corporate Purpose Bond
Series of 2000 2000 Project 7,311
Corporate Purpose Bond
Series of 1993 General 3,845
Corporate Purpose Bond Series of 1994 922
Corporate Purpose Bond
Series of 1998 Corporate Purpose Bond Series of 1993 600
15,902
Capital Projects
Glen Land Sales GNAS Caretaker 50,000
GNAS Bond Fund Series 1995 75,000
Village Permanent Glen Land Sales 832,406
Bond Fund Series 1993 General 25,000
Capital Projects General 188,870
Bond Fund Series of 1993 4,477
GNAS Bond Fund Series 1995 GNAS - Redevelopment 708,200
Water Works 164,900
Special Tax Allocation 1,705,000
3,753,853
Enterprise
Sewerage Capital Projects 164,370
GNAS Bond Fund Series 1995 241
Water Wholesale Water 29,167
Capital Projects 3,134
Deposit 19,959
216,871
Internal Service
Municipal Equipment Repair General 6,000
6~000
Trust and Agency
Police Pension General 1,309
Fire Pension General 519
Escrow General 1,364
3,192
$ 9.019.797
(Continued)
31
·
VILLAGE OF GLENVIEW, ILLINOIS ·
Notes to Financial Statements ·
December 31, 2000
!
NOTE 10 - INTERFUND ASSETS/LIABILITIES (Continued)
Advances From/To Other Funds 1
Receivable Fund Payable Fund Amount
Waterworks Capital Projects $ 1,273,708.
Capital Equipment Replacement 807,916
Sewerage Capital Equipment Replacement 92. P~P 1
North Maine Water and Sewer Capital Equipment Replacement 67~213
$ 2.241.059 I
NOTE 11 - SEGMENT INFORMATION - ENTERPRISE FUNDS I
The Government maintains the following enterprise funds, which are intended to be self-
supporting through user fees charged for services to the public. Financial segment information
as of the date of this report and for the fiscal year is as follows: 1
North
Maine Commuter
Wholesale Water and Parking ·
Waterworks .Water Sewer Sewerage Lo~t Totals
Operating revenues $ 6,585,470 $ 1,468,681 $ 5,076,400 $ 874,217 $ 217,331 $ 14,222,099
Depreciation and I
amortization
expense 568,515 62,816 252,905 138,656 8,384 1,031,276
Operating income 1,780,748 498,298 637,621 421,954 73,462 3,462,083
Operating transfers in 340,000 340,000 ·
Operating lxansfers out (2,237,284) (423,360) (578,449) (584,941) (37,000) (3,861,034)
Net income (loss) 38,629 (25,848) (311,730) (92,383) 46,050 (345,282)
Current capital
contributions 1,290,144 1,290,144 m
Current capital txansfers
Plant, property, and
equipment I
Additions 595,987 8,665 813,802 1,418,454
Deletions (17,907) (17,907)
Total assets 19,776,225 3,006,984 8,254,589 6,174,590 769,777 37,982,165
Net working capital 5,568,661 866,590 1,212,141 762,877 190,435 9,000,704 ·
Bonds and other
long-term liabilities
Payable from I
operating revenues 2,175,000 8,280,192 10,455,192
Payable from
other sources
Total equity 19,253,122 733,552 (421,839) 5,977,509 240,595 25,782,939 I
(Continued) I
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 12 - CONTRIBUTED CAPITAL
During the current year, contributed capital increased by the following amounts:
Waterworks Sewerage Totals
Increases
Contribution of capital $ $ 1,290,144 $ 1,290,144
Decreases -
Net increases 1,290,144 1,290,144
Contributed capital
January 1 2,586,154 892,089 3,477~243
December31 $ 2.586.154 $ 2,181.23____~3 $ 4.767.387
NOTE 13 - CONTINGENT LIABILITIES
Litigation: The Government is a defendant in various lawsuits. Although the outcome of these
lawsuits is not presently determinable, in the opinion of the Government's attorney, the
resolution of these matters will not have a material adverse effect on the financial condition of
the Government.
Grants: Amounts received or receivable from grantor agencies are subject to audit and
adjustment by grantor agencies, principally the federal government. Any disallowed claims,
including amounts already collected, may constitute a liability of the applicable funds. The
amount, if any, of expenditures that may be disallowed by the grantor cannot be determined at
this time although the Government expects such amounts, if any, to be immaterial.
High-Level Excess Liability Pool (HELP): The Government's agreement with HELP provides
that each member is liable for its proportionate share of any costs arising from defaults in
payment obligations by other members.
Solid Waste Agency of Northern Cook County (SWANCC): The Government's contract with
SWANCC provides that each member is liable for its proportionate share of any costs arising
from defaults in payment obligations by other members.
(Continued)
VILLAGE OF GLENVIEW, ILLINOIS I
Notes to Finandal Statements
December 31, 2000
NOTE 14 - JOINT VENTURES I
Regional Emergency Dispatch Center I
Description of Joint Venture
The Regional Emergency Dispatch Center (R.E.D.) is a governmental joint venture used to 1
account for the resources involved in dispatching fire and medical emergency services to a nine
community area. This fund is supported by contributions from the nine member departments. I
As of December 31, 2000, R.E.D. served the fire departments of:
Village of Glenview
Village of Morton Grove I
Village of Niles
Village of Northbrook
North Maine Fire Protection District
Prospect Heights Fire Protection District
Village of Wheeling
Village of Winnetka
Village of Highwood I
Management consists of a Board of Directors comprised of one appointed representative from I
each member. In addition, day-to-day operations are administered by the Fire Chiefs of each
member district.
The Government does not exercise any control over the activities of R.E.D. beyond its I
representation on the Board of Directors.
Summary Financial Information of Joint Venture
The financial statements of R.E.D., dated December 31, 2000, show the following:
Government's
Total Share (.3210)
Total assets $ 1.213.568 $ 389,555
Total liabilities $ 298,076 $ 95,682
Total equity 915,492 293,873 I
Total liabilities and equity $ 1.213.568 $ 389,555
Total revenues $ 1,061,990 $ 340.899 I
Total expenditures $ 960,537 $ 308,332
I
(Continued) I
1
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 14 - JOINT VENI'URES (Continued)
Regional Emergency Dispatch Center (Continued)
Summary Financial Information of Joint Venture (Continued)
Initial contributions are determined in advance of each membership year based on the
population within each member's district.
Complete financial statements can be obtained from the Regional Emergency Dispatch System,
1815 Glenview Road, Glenview, IllZnois, 60025. Total payments made to the R.E.D. Center
totaled $213,694 for the year.
Solid Waste Agency of Northern Cook County (SWANCC):
Description of Joint Venture
The Government is a member of the Solid Waste Agency of Northern Cook County (SWANCC)
which consists of twenty-three municipalities. SWANCC is a municipal corporation and public
body politic and corporate established pursuant to the Constitution of the State of Illinois and
the Intergovernmental Cooperation Act of the State of Illinois, as amended (the Act). SWANCC
is empowered under the Act to plan, construct, finance, operate, and maintain a solid waste
disposal system to serve its members.
The members of SWANCC and their percentage shares based on formulae contained in the
Agreement as April 30, are:
SWANCC
of
1995
% %
Share Share
Arlington Heights 10.13 % Mount Prospect 8.86 %
Barrington 1.40 Niles 2.61
Buffalo Grove 5.90 Palatine 12.33
Elk Grove Village 4.57 Park Ridge 4.10
Evanston 7.28 1.11
Prospect
Heights
Glencoe 1.20 Rolling Meadows 2.74
Glenview 5.85 Skokie 5.54
Hoffrnan Estates 6.17 South Barrington .64
Inverness 1.52 Wheeling 4.63
Witrnette 4.05
Kenilworth
.92
Lincolnwood 1.87 Winnetka 3.80
Morton Grove 2.78
100.~00%
(Continued)
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 14 - JOINT VENTURES (Continued)
Solid Waste Agency of Northern Cook County (SWANCC) (Continued)
Description of Joint Venture (Continued)
These percentage shares are based on waste estimates for the year 2003 and cannot be changed
for the term of the SWANCC Agreement.
The members form a contiguous geographic service area, which is located northwest of
downtown Chicago. Under the Agency Agreement, additional members may join SWANCC
upon the approval of each member.
SWANCC is governed by a Board of Directors which consists of one appointed mayor or
president from each member municipality. Each director has an equal vote. The officers of
SWANCC are appointed by the Board of Directors. The Board of DLrectors determines the
general policy of SWANCC; makes all appropriations; approves contracts; adopts resolutions
providing for the issuance of bonds or notes by SWANCC; adopts bylaws, rules and
regulations; and exercises such powers and performs such duties as may be prescribed in the
Agency Agreement or the bylaws.
Summary of Financial Information of ~oint Venture
Summary of Financial Position as of April 30, 2000:
Assets Liabilities and Fund Equity
Current assets Current liabilities
Cash and investments $ 995,287 Accounts payable $ 1,949,454
Receivables and other 1,060,924 Bonds payable 2,500,000
2~056t211 Accrued interest payable 1,730,947
Deferred revenue le422,207
7,602,608
Restricted assets Long-term liabilities
Cash and investments 17,241,568 Bonds payable (net of
Accrued interest receivable 3~394 discount) 57,780,139
17,244,962
Fixed assets 30~13,163
Accumulated depreciation (3r171,909) Total liabilities 65,382t747
27,641t254
Other asse~s
Unamortized bond Fund equity
issuance cost 1~146,417 Contributed capital 4,723,340
Retained earnings (22,017,243)
Total fund equity (17,293,903}
Total liabilities
Total assets $ 48,088,844 and fund equity $ 48.088.844
(Continued)
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 14 - JOINT VENTURES (Continued)
Solid Waste Agency of Northern Cook County (SWANCC): (Continued)
Sunmam~ of Financial Information of Joint Venture (Continued)
SWANCC's outstanding bonds are revenue obligations. They are limited obligations of
SWANCC with a claim for payment solely from and secured by a pledge of the revenues of
SWANCC and amounts in various funds and accounts established by agency resolutions. The
bonds are not the debt of any member. SWANCC has no power to levy taxes.
Revenues of SWANCC consist of (1) ail receipts derived from solid waste disposal contracts or
any other contracts for the disposal of waste; (2) all income derived from the investment of
monies; and (3) all income, fees, and service charges and all grants, rents, and receipts derived
by SWANCC from the ownership and operation of the system. SWANCC covenants to
establish fees and charges sufficient to provide revenues to meet all its requirements.
Complete financial statements can be obtained from the Solid Waste Agency of Northern Cook
County, 1616 E. Golf Road, Des Plaines, Illinois 60016.
The Government made $803,595 in payments to SWANCC for the year ended December 31,
2000.
NOTE 15 - POSTEMPLOYMENT BENEFITS
In addition to providing the pension benefits described, the Government provides
postemployment health care benefits for retired public safety employees. Substantially all of
the Government's public safety employees may become eligible for those benefits if they reach
normal retirement age while working for the Government. The cost of retiree health care
benefits is recognized as an expenditure as claims are paid. For the fiscal year, those costs total
$171,348 for the 51 participants. The retirees pay an annual premium, which is equal to the
actuarially determined cost for each plan year. Accordingly, no liability has been recorded for
post-retirement health care benefits.
(Continued)
37
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 16 - EMPLOYEE RETIREMENT SYSTEMS (Continued)
Plan Descriptions and Provisions: (Continued)
Firefighters' Pension
Fire sworn personnel are covered by the Firefighters' Pension Plan, which is a defined benefit
single-employer pension plan. Although this is a single-employer pension plan, the defined
benefits as well as the employee and employer contributions levels are mandated by lltinois
Compiled Statutes (Chapter40 ~ ArticleS/4) and may be amended only by the Illinois
legislature. The Government accounts for the plan as a pension trust fund. The Government's
payroll for employees covered .by the Firefighters' Pension Plan for the year ended
December 31, 2000 was $4,506,495 out of a total payroll of $18,873,537. At December 31, 2000,
the Firefighters' Pension Plan membership consisted of:
Retirees and beneficiaries currently receiving benefits and terminated
employees entitled to benefits but not yet receiving them 35
Current employees
Vested 54
Nonvested 25
Total 114
The following is a summary of the Firefighters' Pension Plan as provided for in the rllinois
Compiled Statutes.
The Firefighters' Pension Plan provides reOrement benefits as well as death and disabffity
benefits. Employees attaining the age of 50 or more with 20 or more years of ~reditable service
are entitled to receive a monthly retirement benefit of one-half of the monthly salary attached to
the rank held in the fire Service at the date of retirement. The monthly pension shall be
increased by one-twelfth of 2V2 percent of such monthly salary for each additional month over
20 years of service through 30 years of service and one-tweLfth of I percent of such monthly
service for each additional month over 30 years of service, to a maximum of 75 percent of such
monthly salary. Employees with at least 10 years but less than 20 years of credited service may
retire at or after age 60 and receive a reduced retirement benefit. The monthly pension of a
firefighter who retired with 20 or more years of service after January 1, 1977 shall be increased
annually, following the first anniversary date of reffrement and paid upon reaching at least the
age 55, by 3 percent of the original pension and 3 percent annually thereafter.
Funding Policy - Covered employees are required to contribute 8.455 percent of their salary to
the Firefighters' Pension Plan. If an employee leaves covered employment with less than 20
(Continued)
40
VILLAGE OF GLENVIEW, ILLINOIS
Notes to Financial Statements
December 31, 2000
NOTE 16 - EMPLOYEE RETIREMENT SYSTEMS (Continued)
Plan Descriptions and Provisions: (Continued)
Firefighters' Pension (Continued)
years of service, accumulated employee contributions may be refunded without accumulated
interest. The Government is required to contribute the remaining amounts necessary to finance
the plan as actuarially determined by an enrolled actuary. Effective July 1, 1993, the
Government's contributions must accumulate to the point where the past service cost for the
Firefighters' Pension Plan is fully funded by the year 2033.
No separate Firefighters' Pension Fund annual financial report is issued.
Summary of Significant Accounting Policies and Plan Asset Matters:
Basis of Accounting - The financial statements are prepared using the accrual basis of
accounting. Employee and employer contributions are recognized as revenues in the period in
which employee services are performed.
Method Used to Value Investments - Investments are reported at fair value. Investment income
is recognized as earned.
Gains and losses on sales and exchanges of fixed-income securities are recognized on the trade
date.
Significant Investments - There are no investments (other than U.S. government and U.S.
government - guaranteed obligations) in any one organization that represent 5 percent or more
of net assets available for benefits:
Related Party Transactions - There were no securities of the employer or any other related
parties included in plan assets, including any loans.
(Continued)
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VILLAGE OF GLENVIEW, ILLINOIS
Illinois Municipal Retirement FUnd
Required Supplementary Information
Analysis of FUnding Progress
December 31, 2000
(6)
Unfunded
(Overfunded)
Actuarial
(4) Accrued
(2) Unfunded Liability
(1) Actuarial (Overfimded) as a
Actuarial Actuarial Accrued (3) Actuarial (5) Percentage
Valuation Value Liability Funded Accrued Annual of Covered
Date of Plan (AAL) Ratio Liability Covered Payroll
Ianuary 1 Assets - Entry_ Age (1) + (2) (2) - (1) Payroll (4) + (5)
1995 $ 11,700,488 $ 13,133,343 89.09% $ 1,432,855 $ 6,977,866 20.53%
1996 13,146,368 14,358,158 91.56 1,211,790 7,546,952 16.06
1997 15,304,133 16,257,078 94.14 952,945 8,360,225 11.40
1998 17,834,171 17,399,577 100.76 (134,594) 8,842,628 (1.52)
1999 20,971,639 19,680,215 106.56 (1,291,424) 9,514,512 (13.57)
2000 24,477,730 21,790,735 112.33 (2,686,995) 10,379,550 (25.89)
Notes to the Required Supplementary Information -
The information presented was determined as part of the actuarial valuations at the
dates indicated. Additional information as of the latest actuarial valuation presented is
as follows: The actuarial cost method was entry age normal; the amortization method
was level percent of pay, closed and the amortization period was 32 years; the asset
valuation method was a five-year smoothed market method; and the sigrfificant
actuarial assumptions were an investment rate of return at 7.5% compounded annually
including a 4.00% inflation factor, a projected salary increases assumption of 0.4% to
11.6% compounded annually including a 4.00% inflation factor, and post-retirement
benefit increases of 3% compounded annually.
VILLAGE OF GLENVIEIN, ILLINOIS
Police Pension Fund
Required Supplementary Information
Analysis of Funding Progress
December 31, 2000
(6)
Unfunded
(Overftmded)
Actuarial
(4) Accrued
(2) Unfunded Liability
(1) Actuarial (Overfunded) as a
Actuarial Actuarial Accrued (3) Actuarial (5) Percentage
Valuation Value Liability Funded Accrued Annual of Covered
Date of Plan (AAL) Ratio Liability Covered Payroll
January 1 Assets - Entry_ Age (1) + (2) (2) - (1) Payroll (4) + (5)
1995 N/A N/A N/A N/A N/A N/A
1996 N/A N/A N/A N/A N/A N/A
1997 $ 20,158,840 $ 20,886,412 96.52% $ 727,572 $ 3,384,492 21.49%
1998 23,553,282 23,162,656 101.70 (390,626) 3,687,295 (10.59) %
1999 27,211,245 24,277,701 112.10 (2,933,544) 3,789,745 (77.40)
2000 25,629,270 25,769,884 99.45 140,614 4,008,491 3.51
N/A - Information is presented for as many of the six prior years as information according to the disclosure parameters is available. Information for these years is not available.
Notes to the Required Supplementary Information -
The information presented was determined as part of the actuarial valuations at the
dates indicated. Additional information as of the latest actuarial valuation presented is
as follows: The actuarial cost method was entry age normal; the amortization method
was level percent of pay, dosed and the amortization period was 34 years; the asset
valuation method was a three-year smoothed market method; and the significant
actuarial assumptions were an investment rate of return at 8% compounded annually
including a 3.00% inflation factor, a projected salary increases assumption of 5.5%
compounded annually including a 3.00% inflation factor, and post-retirement benefit
increases of 3% compounded annually.
45
VILLAGE OF GLEN-VIEW, ILLINOIS
Firefighters' Pension Fund
Required Supplementary Information
Analysis of Funding Progress
December 31, 2000
(6)
Unfunded
(Overfunded)
Actuarial
(4) Accrued
(2) Unfimded Liability
(1) Actuarial (Overfunded)
as
a
Actuarial Actuarial Accrued (3) Actuarial (5) Percentage
Valuation Value Liability Funded Accrued Annual of Covered
Date of Plan (AAL) Ratio Liability Covered Payroll
]anuary 1 Assets - Entry_ Age (1) + (2) (2) - (1) Payroll (4) + (5)
1995 N/A N/A N/A N/A N/A N/A
1996 N/A N/A N/A N/A N/A N/A
1997 $ 30,745,072 $ 27,892,787 110.23% $ (2,852,285) $ 4,164,229 (68.49)%
1998 34,502,380 29,741,118 116.01 (4,761,262) 4,253,196 (111.95)
1999 37,887,879 31,839,389 119.00 (6,048,490) 4,304,126 (140.50)
2000 36,747,302 34,999,514 104.99 (1,747,788) 4,506,495 (38.78)
N/A - Information is presented for as many of the six prior years as information according to
the disclosure parameters is available. Information for these years is not available.
Notes to the Required Supplementary Information -
The information presented was determined as part of the actuarial valuations at the
dates indicated. Additional information as of the latest actuarial valuation
presented
as follows: The actuarial cost method was entry age normal; the amortization method
was level percent of pay, closed and the amortization period was 34 years; the asset
valuafion method was a three-year smoothed market method; and the
significant
actuarial assumptions were an investment rate of return at 8% compounded annually
including a 3.0% inflation factor, a projected salary increases assumption of 5.5%
compounded annually including a 3.0% inflation factor, and benefit
post-retirement
increases of 3% compounded annually.
46
VILLAGE OF GLENVIEW, ILLINOIS
Illinois Municipal Retirement Fund
Required Supplementary Irfformafion
Employer Contributions
December 31, 2000
Annual
Year Ended Employer Required Percent
December 31 Contributions Contribution .Contributed
1995 $ 691,600 $ 691,600 100.00%
1996 738,092 738,092 100.00
1997 764,282 764,282 100.00
1998 804,679 804,679 100.00
1999 831,568 831,568 100.00
2000 825,173 825,173 100.00
Notes to the Required Supplementary Information -
The information presented was determined as part of the actuarial valuations as of
January 1 of the prior fiscal year. Additional infornmtion as of the latest actuarial
valuation presented is as follows: The actuarial cost method was entry age normal; the
amortization method was level percent of pay, closed and the amortization period was
32 years; the asset valuation method was a five-year smoothed market method; and the
significant actuarial assumptions were an Lnvestment rate of return at 7.5%
compounded annually including a 4.0% inflation factor, a projected salary increases
assumption of 0.4% to 11.6% compounded annually including a 4.0% inflation factor,
and post-retirement benefit increases of 3% compotmded annually.
47
VILLAGE OF GLENVIEW, ILLINOIS
Police Pension Fund
Required Supplementary Information
Employer Contributions
December 31, 2000
Annual
Year Ended Employer Required Percent
December 31 Contributions Contribution Contributed
1995 N/A N/A N/A
1996 N/A N/A N/A
1997 $ 398,347 $ 391,787 101.67%
1998 376,836 364,249 103.46
1999 387,209 389,071 99.52
2000 427,409 389,558 109.72
N/A - Information is presented for as many of the six prior years as information according to
the disclosure parameters is available. Information for these years is not available.
Notes to the Required Supplementary Information ~
The information presented was determined as part of the actuarial valuations as of
January 1 of the fiscal year. Additional information as of the latest actuarial valuation
presented is as follows: The actuarial cost method was entry age normal; the
amortization method was level percent of pay, closed and the amortization period was
34 years; the asset valuation method was a three-year smoothed market method; and
the significant actuarial assumptions were an investment rate of return at 8%
compounded annually including a 3.0% inflation factor, a projected salary increases
assumption of 5.5% compounded annually including a 3.0% inflation factor, and post-
retirement benefit increases of 3% compounded annually.
48
VILLAGE OF GLENVIEW, ILLINOIS
Firefighters' Pension Fund
Required Supplementary Information
Employer Contributions
December 31, 2000
Annual
Year Ended Employer Required Percent
December 31 Contributions Contribution Contributed
1995 N/A N/A N/A
1996 N/A N/A N/A
1997 $ 247,575 $ 180,383 137.25%
1998 236,334 200,526 117.86
1999 128,265 127,498 100.60
2000 143,165 123,437 115.98
N/A - Information is presented for as many of the six prior years as information according to the disclosure parameters is available. Information for these years is not available.
Notes to the Required Supplementary Information -
The information presented was determined as part of the actuarial valuations as of
January 1 of the fiscal year. Additional information as of the latest actuarial valuation
presented is as follows: The actuarial cost method was entry age normal; the
amortization method was level percent of pay, closed and the amortization period was
34 years; the asset valuation method was a three-year smoothed market method; and
the significant actuarial assumptions were an investment rate of return at 8%
compounded annually including a 3.0% inflation factor, a projected salary increases
assumption of 5.5% compounded annually including a 3.0% inflation factor, and post-
retirement benefit increases of 3% compounded annually.
49
GENERAL FUND
The General Fund, also referred to as the Corporate Fund, is used to account for resources
traditionally associated with governmental services not required to be accounted for in
another fund.
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VILLAGE OF GLENVIEI,V, ILLINOIS
General Fund
i Balance Sheet
December 31, 2000 and 1999
!
2000 1999
I ASSETS
Cash $ 1,792,206 $ 1,666,098
Investments 10,414,523 8,689,937
Receivables
Taxes
I Property taxes 5,672,153 5,604,175
Sales tax 1,146,631 527,596
i Income tax 232,960 217,722
Utility taxes 425,315 316,573
Accounts 333,143 243,454
I Other 99,614
Due from other governments 4,615
Due from other funds 521,106 3,223,415
Prepaid items 9,867
Total assets $ 20,538,037 $ 20,603,066
I LIABILITIES AND FUND BALANCE
Liabilities
i Accounts payable $ 609,888 $ 156,192
Accrued payroll 77,455 89,365
Compensated absences payable 951,802 926,120
I Infrastructure maintenance fee 637,589
Other payables 17,374 11,506
Due to other funds 232,004 30,920
I 150,575 282,636
Deferred
revenue
Deferred property taxes 5,672,153 5,604,175
Total liabilities 8,348,840 7,100,914
I Fund balance
Reserved for prepaid items 9,867
I Reserved for Patton House 10,000
10,000
Unreserved
Designated for income tax surcharge receipts 1,334,848 1,334,848
I Undesignated 10,844,349 12,147,437
Total fund balance 12,189,197 13,502,152
I and fund balance $ 20,538,037 $ 20,603_~__,066
Total
liabilities
i See accompanying notes to financial statements.
50
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VILLAGE OF GLENVIE'vV, ILLINOIS
General Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget and Actual
Year Ended December 31, 2000 and Actual Only for 1999 I
2000 1999
Budget Actual Actual ·
Taxes $ 9,987,530 $ 10,213,070 $ 9,448,323
Licenses and permits 1,187,000 1,737,399 1,233,680 ·
Intergovernmental 12,153,152 12,894,962 11,652,069
Charges for services 1,983,535 1,280,928 754,469
Fines and forfeits 225,000 224,431 281,525 ·
Interest 475,000 665,382 478,582
Miscellaneous 2,474,100 524,969 1,159,475
Total revenues 28,485,317 27,541,141 25,008,123
Expenditures !
General government 8,409,556 7,693,301 4,854,514
Public safety 13,~3,555 13,295,031 12,357,2~
Highways and streets 5,328,060 5,100,455 4,774,392
1
Pension 424,000 570,574 515,397
Total expenditures 27,505,171 26,659,361 22,501,566
over expenditures 980,146 881,780 2,506,557
Other financing sources (uses) ·
Operating transfers in
1
Wholesale Water Fund 102,000 102,000 102,200
Waterworks fund 500,750 500,750 457,808
Sewerage Fund 68,500 68,500 62,539 ·
North Maine Water and Sewer Fund 292,674 292,674 381,981
Commuter Parking Lot Fund 37,000 37,000 32000
GNAS - Redevelopment Fund 2,000 2,000 2,000 ·
GNAS - Caretaker Fund 2,000 2,000 2,000
Capital Projects Fund 1,208,986
Escrow Deposit Fund 150,000 190,994 194,993 ·
Component Unit
1
Library Fund 12,600 12,600 12,600
Operating transfers (out)
Capital Equipment Replacement Fund (1,001,302) (1,001,302) (1,024,903) ·
Capital Projects Fund (4,426,824) (3,610,937) (1,199,285)
(4,260,602) (2,194,735) (976,067)
Excess (deficiency) of revenues and other 1
financing sources ever expenditures and
other financing uses $ (3,280,456) (1,312,955) 1,530,490
Fund balance l
January I 13,502,152 11,971,662
December 31 $ 12,189,19~7 $ 13,502,15~2 I
See accompanying notes to financial statements.
51
1
VILLAGE OF GLEN'VIEW, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
Year Ended December 31, 2000 and Actual Only for 1999
2000 1999
Budget Actual
Actual
Taxes
Property taxes - current $ 5,348,300 $ 4,817,524 $ 4,571,956
Property taxes - pension 520,000 570,574 515,397
Property taxes - prior 1,000 240,370 804
Utility tax - AT&T 45,000 69,889 87,149
Utility tax - mobile services 415,000 501,455 357,430
Utility tax - N. I. Gas 475,000 623,847 466,025
Utility tax - Commonwealth Edison 1,558,230 1,792,662 1,501,032
Utility tax - Ameritech 700,000 724,730 851,089
Infrastructure maintenance fees
Ameritech 27,036
Other 267,270
Hotel room tax 925,000 872,019 803,135
9,987,530 10,213,070 9,448,323
Licenses and permits
Motor vehicle 10
Business 65,000 66,097 45,841
Liquor 90,000 85,200 89,300
Pet 5,000 4,913 4,624
Building permits 900,000 1,420,971 967,811
Certificate of occupancy 30,000 35,794 28,934
Contractors fees 40,000 47,808 37,672
Plumbing and sewer 50,000 65,789 51,109
Driveway permits 7,000 10,827 8,379
1,187,000 1,737,399 1,233,680
Intergovemmental
Glenbrook Fire Protection District 2,050,000 1,968,076 2,123,992
Replacement taxes 125,000 150,490 121,806
Sales tax 5,500,000 6,522,922 5,758,617
Illinois income tax 2,850,000 2,990,432 2,740,281
Photo use tax 500,000 560,588 509,107
bridge 160,000 176,115 162,833
Road
and
Road and bridge - prior 100 7,826 3
Village of Golf Fire Protection District 135,000 123,400 129,557
intergovernment 110,000 134,979 70,708
Miscellaneous
Federal and state grants 723,052 144,525 35,165
Make-whole payment 115,609
12,153,152 12,894,962 11,652,069
(Continued)
52
·
VILLAGE OF GLENVIEW, ILLINOIS ·
General Fund I
Schedule of Revenues - Budget and Actual
Year Ended December 31, 2000 and Actual Only for 1999 I
2000 1999 I
Budget Actual Actual
Charges for services ·
R.E.D. Administration $ $ 37,690 $ 30,881
Plan review fees 100,000 99,533 72,066
Reinspection fees 2,500 4,887 670 ·
Elevator inspection fees 15,000 11,420 12,920
Planning fees 5,000 18,136
Conditional use fees 5,000 6,552 31,145 ·
Electrical inspection 50,000 81,122 59,090
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Engineering fees 713,000 781,081 382,103
GNAS engineering fees 911,035 ·
Unclassified public works 12,000 6,923 7,607
Other service charges 10,000 8,656 9,789
Lease fees 160,000 212,898 135,720
Dog impounding fees 12,030 12,478
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1,983,535 1,280,928 754,469
Fines and forfeits 225,000 224,431 281,525 I
Interest
Savings 15,000 21,199 18,592
Investments 450,000 632,299 448,879
N.O.W. accounts 10,000 11,884 11,111
475,000 665,382 478,582 1
Other Revenues
Ameritech Infrast. Maint 15,000 159,006 ·
Infrastructure Maintenance Fee 230,000 (303,014)
Franchise tax - Ameritech 160,000 174,396
Franchise tax - Cable TV 210,000 169,839 204,966 ·
Nicor franchise tax 25,442
TCI Programming Agreement 56,012
Land sales 1,635,000 295,460 531,593 ·
Miscellaneous 224,100 178,236 192,508
2,474,100 524,969 1,159,475
Total revenues $ 28,485,31~7 $ 27,541,14~1 $ 25,008,123
!
I
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
General government
Board of Trustees $ 40,220 $ 33,413
Special board 3,073,185 2,781,365
Legal 509,400 177,719
Emergency Service Disaster Agency 56,600 35,748
Village Manager 498,108 426,226
Finance 694,900 680,339
Information Systems Management 237,405 316,712
Municipal building and grounds 509,758 453,926
Personnel and insurance 2,789,980 2,787,853
8,409,556 7,693,301
Public safety
Police department 6,889,136 6,692,653
Fire department 6,391,019 6,565,400
Printing 63,400 36,978
13,343,555 13,295,031
Highways streets
and
Development and public services
Administration 285,629 293,787
Plarming and zoning 243,220 202,814
Engineering 760,268 627,344
Public health 217,705 203,149
Cable TV 97,859 79,439
Public works - administration 345,685 280,612
Public works - overhead 1,003,412 1,118,784
Public works - street maintenance 318,513 269,342
Public works - traffic 365,474 273,135
Public works - storm water management 128,407 125,028
Public works - snow and ice control 316,713 459,547
Public works - forestry 207,834 248,073
Public works - grounds 235,563 164,824
Building inspection 801,778 754,577
5,328,060 5,100,455
Pension 424,000 570,574
Total expenditures $ 27,505,171 $ 26,659,36~1
i (Continued)
54
1
VILLAGE OF GLEN'VIEW, ILLINOIS I
General Fund
Schedule of Expenditures - Budget and Actual I
Year Ended December 31, 2000
Budget Actual I
General government
Board of Trustees ·
Regular salaries $ 9,000 $ 8,888
Contractual professional services 10,000 5,450
Training 1,000 I
Trustee expense 17,220 10,586
Operational material and supplies 3,000 8,489
40,220 33,413
Special board I
Contractual services 295,495 217,607
Materials and supplies 3,500 2,626
Capital outlay 2,774,190 2,561,132 m
3,073,185 2,781,365
Legal
Contractual and professional services 80,400 40,970 m~
Contractual disbursements 6,000 2,682
Litigation disbursements 15,000 4,870
Books 3,700 3,326
Dues, subscriptions, and memberships 600 580 m
Village attorney retainer 42,750 42,750
Prosecutor retainer 30,950 30,950
Outside litigation 330r000 51,591
509,400 177,719 I
Emergency Service Disaster Agency
Telephone and telegraph 1,200 837
Maintenance of equipment 4,300 4,843 ·
Office supplies 100 11
Contingencies 500
Small tools 500 632
and equipment 50,000 29,425 ·
Machinery
56,600 35,748
Village Manager
Regular salaries 384,008 347,244 ~
Longevity pay 792 792
Contractual professional services 1,500
Printing, binding, and publication 1,900 1,105 ·
Postage 55,000 39,368
Dues, subscriptions, and memberships 22,450 20,000
Maintenance of equipment 4,200 3,772
Travel expense 11,030 3,595 ·
Training expense 2,700 1,335
Office supplies 500 1,354
Books, pamphlets, and materials 310 52 ~m
Operational material and supplies 1,200 17
Computer supplies 3,300 484
Equipment repairs 3,718 4,520
1
(Continued) I
55
!
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
General government (continued)
Village Manager (conl~nued)
Equipment replacement $ 7,000 $ 6,996
Machinery and equipment 4,500 1,808
Furniture & fixtures 1,000 780
505,108 433,222
Less transfer to Capital Equipment
Replacement Fund 7,000 6,996
498,108 426,226
Finance
General
Regular 501,344 486,826
Overtime salaries 500
Temporary salaries 37,166 39,433
Longevity pay 3,958 3,165
Contractual professional services 35,500 32,350
Printing, binding, and publication 18,000 20,137
Postage 500 683
Dues, subscriptions, and memberships 1,580 2,023
Maintenance of equipment 4,450 15,229
Rentals 44,700 18,209
expense 2,650 3,503
Travel
Training expense 7,975 6,058
Office supplies 24,400 39,488
Books, pamphlets, and materials 500 254
Small tools and equipment 500 962
Computer supplies 5,000 2,727
Equipment repairs and maintenance 4,677 3,241
Other operating expense 500 5,876
Bank charges 1,000 175
694,900 680,339
Information Systems Management
Regular salaries 71,515 73,535
Temporary salaries 15,000 13,097
Longevity pay 735 735
Contracted professional services 20,000 50,363
Telephone and telegraph 15,200 14,722
Dues, subscriptions, and memberships 905 471
Maintenance of equipment 49,850 90,683
Travel expense 1,000 1,133
Training expense 2,500 6,650
pamphlets, 500 975
Books,
Computer supplies 5,800 7,882
P.C. expansion 18,400 20,290
Machinery and equipment 36,000 36,176
237,405 316,712
i (Continued)
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VILLAGE OF GLENVIEI, V, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual I
General government (continued)
Municipal building and grounds ·
Regular employee salaries $ 28,058 $ 28,298
Overtime salaries 1,000
Contractual professional services 3,500 8,542
Heating 24,000 19,655
Postage 18,000 29,884
Telephone 70,000 128,461
Maintenance of equipment 29,600 30,232
Maintenance of buildings 18,600 5,115
Rentals 17,000 16,839 ·
Cleaning and household supplies 5,000 3,155
Maintenance materials - buildings 7,200 7,542
Small tools and equipment 500 408 ·
Employee welfare 6,000 5,567
Buildings and improvements 251,300 169,880
Machinery and equipment 30,000 348
509,758 453,926 I
Personnel and insurance
Regular salaries 68,916 72,007
Longevity pay 1,018 1,018 ·
Contractual professional services 24,000 19,349
Public safety selection and promotion 13,000 6,579
Wellness program 3,000 3,719 ·
Printing, binding, and publications 6,000 14,803
Dues, subscriptions, and memberships 975 1,535
Safety program 400 ·
Commission expense 400 92
Training expense 30,900 21,167
Books, pamphlets and materials 1,000 500 ·
FICA payments 535,000 542,493
Employee welfare 16,000 15,220
Insurance 2,089,371 2,089,371
2,789,980 2,787,853 I
Total general government $ 8,409,55~6 $ 7,693,30~1 I
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(Continued) 1
57
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VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Public safety
Police department
Regular salaries $ 5,293,437 $ 5,178,454
Overtime salaries 130,000 147,316
Overtime hire back 90,000 80,679
Overtime court time 106,000 111,427
Overtime training 8,500 6,080
Overtime extra detail 26,075
Temporary salaries 184,344 182,098
Holiday pay 120,000 126,286
Longevity pay 68,688 67,342
Contractual professional services 112,500 93,715
Printing, binding, and publication 11,000 10,486
Heating 7,500 11,500
Postage 4,700 3,968
Telephone 26,000 37,572
Dues and subscriptions 4,500 3,880
Maintenance of equipment 62,200 55,883
Maintenance of buildings 10,500 7,523
Rentals 26,580 19,559
Travel expenses 14,950 12,864
Office supplies 9,000 7,640
Books, pamphlets, and materials 11,000 11,154
Training 87,505 67,809
Uniform allowance 73,925 65,791
Cleaning and household supplies 6,000 7,326
Maintenance materials - buildings 8,000 3,670
Small tools and equipment 14,900 7,133
Operating supplies 41,600 28,551
materials
and
P.C. expansion/training 28,000 2,332
Employee welfare 11,000 12,840
Violence protection grant 16,250 28,056
Equipment repairs 205,855 212,235
Machinery and equipment 59,900 23,083
Furniture & fixtures 22,800 20,296
Criminal Justice Authority Grant 12,002 12,030
Equipment replacement 361,679 361,680
7,250,815 7,054,333
Less transfer to Capital Equipment
Replacement Fund 361,679 361,680
6,889,136 6,692,653
(Continued)
58
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Public safety (continued)
Fire depar~ent
Regular salaries $ 4,994,686 $ 4,852,630
Overtime acting company officer 8,500 7,118
Overtime call back 25,000 24,077
Overtime hire back 150,000 582,513
Overtime apparatus repair 1,500 3,983
Overtime fire prevention 15,280 9,191
Overtime public education 22,260 13,740
Overtime emergency medical service 31,400 9,545
Overtime hazardous material 6,000 4,352
Overtime FLSA 47,500 49,356
Overtime special rescue 5,000 3,665
Overtime dive team 8,000 9,238
Overtime administrative 3,000 3,619
Overtime training 17,000 18,326
Overtime training instructor 20,000 21,943
Holiday pay 178,000 177,014
Longevity pay 54,334 53,219
Contractual professional services 292,032 229,201
Prin~ing, binding, and publication 1,200 316
Heating 12,000 20,111
Postage 800 786
Telephone 21,800 22,861
Dues, subscriptions, and memberships 2,555 2,178
Maintenance of equipment 24,200 10,326
Maintenance of buildings 29,580 36,889
Rentals 7,080 7,353
Travel expenses 11,150 6,127
Training 32,760 19,543
Uniform and turnouts 45,000 42,258
Office supplies 4,700 6,134
Texts and films 2,250 779
Motor vehicle supplies 4,000 2,516
Cleaning supplies 10,000 13,812
Maintenance materials - equipment 19,000 11,958
Maintenance materials - buildings 10,500 5,603
Small tools and equipment 31,140 28,484
Operating materials and supplies 16,600 17,771
Computer supplies 3,185 3,145
Employee welfare 6,000 3,696
Equipment replacement 260,248 260,256
Equipment repairs 178,127 142,754
Buildings/improvements to buildings 400 384
(Continued)
59
VILLAGE OF GLEN-VIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Public safety (continued)
Fire department (continued)
Furniture and fixtures $ 3,900 $ 2,798
Machinery and equipment 33,600 84,088
6,651,267 6,825,656
Less transfer to Capital Equipment
Replacement Fund 260,248 260,256
6,391,019 6,565,400
Printing
Maintenance of equipment 250
Rentals 40,000 14,236
Machinery and equipment 2,950 2,968
Maintenance materials - equipment 100
Operating supplies 20,000 19,774
Small tools and equipment 100
63,40(~ 36,978
Total public safety $13,343,55~5 $13,295,031
(Continued)
60
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Highways and streets
Development and public service
Administration
Regular salaries $ 237,684 $ 240,957
Overtime 500 926
Temporary salaries 21,000 32,626
Contractual professional services 2,000 2,187
Printing, binding, and publication 11,700 5,278
Postage 250 176
Dues, subscriptions, and memberships 800 623
Maintenance of equipment 4,500 4,588
Rentals 120 36
Travel expense 1,800 2,209
Training 1,300 368
Office supplies 700 1,051
Books, pamphlets, and materials 200 63
Computer supplies 400 224
Equipment replacement 3,600 3,600
Equipment repairs 2,675 2,475
289,229 297,387
Less transfer to Capital Equipment
Replacement Fund 3,600 3,600
285,629 293,787
Planning and zoning
Regular salaries 110,120 107,402
Temporary salaries 15,000 13,733
Contractual and professional services 105,000 63,724
Books, pamphlets, and materials 400 895
Printing, binding, and publication 8,971
Dues, subscriptions, and memberships 6,500 6,583
Maintenance of equipment 300
Travel expense 3,000
Training 1,800 295
Operational supplies 800 1,153
Computer supplies 300 58
243,220 202,814
Engineering
Regular salaries 639,562 532,426
Overtime salaries 11,200 18,902
Temporary salaries 14,000 12,429
Longevity pay 1,582 1,582
Contractual and professional services 5,000 12,425
Printing, binding, and publication 403
Dues, subscriptions, and memberships 1,830 775
Maintenance of equipment 10,150 6,453
Travel expense 4,750 2,246
(Continued)
61
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Highways and streets (continued)
Development and public service (continued)
Engineering (continued)
Rentals $ 400 $ 481
Training 2,950 1,138
Uniform allowance 1,750 215
Books, pamphlets, and materials 200
Operational materials 5,000 3,365
Computer supplies 1,500 1,673
Equipment replacement 31,600 31,596
Equipment repairs 18,694 23,274
Machinery and equipment 12,700 9,557
Automotive 29,000
791,868 658,940
Less transfer to Capital Equipment
Replacement Fund 31,600 31,596
760,268 627,344
Public health
Regular salaries 189,885 191,543
Overtime salaries 1,000
Temporary salaries 5,000
Longevity pay 1,696 1,696
Rentals 150 72
Contractual professional services 1,500 54
Dues, subscriptions, and memberships 1,555 1,472
Maintenance of equipment 1,145
Travel expense 2,555 2,254
Training expense 1,915 1,146
Books, pamphlets, and materials 550 149
Small tools and equipment 500
Operating materials and supplies 3,900 1,279
Equipment replacement 7,100 7,102
Computer supplies 1,800 164
Other operational expense 300
Equipment repairs 4,254 3,320
224,8O5 210,251
Less transfer to Capital Equipment
Replacement Fund 7,100 7,102
217,705 203,149
Cable TV department
Regular salaries 41,916 41,916
Temporary salaries 5,000 2,397
Contractual professional services 4,300 950
Printing, binding, and publication 1,000 72
Postage 100 164
Telephone 400
(Continued)
62
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Highways and streets (continued)
Development and public service (continued)
Cable TV depa~'haient (continued)
Dues, subscriptions, and memberships $ 850 $ 673
Maintenance of equipment 3,000 1,480
Travel expense 1,400
Training 4,100 3,691
Books, pamphlets, and materials 100 292
Operational materials and supplies 5,000 3,657
Computer supplies 3,500 118
Equipment repairs 2,193 6,640
Machinery and equipment 25,000 11,878
Furniture & fixtures 5,511
97,859 79,439
Public works - administration
Regular salaries 282,660 236,470
Overtime salaries 1,000
Temporary salaries 25,840 16,921
Longevity pay 2,035 2,035
Contractual professional services 6,500 1,510
Printing, binding, and publication 300 1,439
Dues, subscriptions, and memberships 800 778
Machinery and equipment - 2,496
Maintenance of equipment 250 197
Rentals 4,000 3,869
Travel expense 5,000 978
Training 8,800 7,232
Office supplies 2,000 2,968
Books, pamphlets, and materials 100 60
Operational materials and supplies 1,000 2,881
Capital outlay 4,400
Computer supplies 1,000 778
345,685 280,612
Public works - overhead
Regular salaries 520,349 584,339
Overtime salaries 3,769 (15,459)
Temporary salaries 65,471 94,111
Longevity pay 19,196 18,455
Contractual professional services 470
Heating 32,000 29,563
Telephone 5,000 13,392
Dues, subscriptions, and memberships 96 274
Maintenance of equipment 8,000 10,251
Maintenance of building improvements 19,100 25,441
Rentals 37,150 10,471
Travel expense 500 1,435
(Continued)
63
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Highways and streets (continued)
Development and public service (continued)
Public works - overhead (continued)
Training $ 2,700 $ 2,552
Uniform allowance 15,000 11,775
Books, pamphlets, and materials 200 82
Cleaning supplies 5,300 1,623
Maintenance materials - buildings 8,000 6,271
Small tools and equipment 3,100 2,101
Employee welfare 5,000 6,256
Equipment replacement 309,075 309,072
Equipment repairs 249,481 311,426
Machinery and equipment 4,000 3,955
1,312,487 1,427,856
Less transfer to Capital Equipment
Replacement Fund 309,075 309,072
1,003,412 1,118,784
Public works - street maintenance
Regular salaries 215,639 194,330
Overtime salaries 16,390 29,912
Temporary salaries 15,084 9,326
Maintenance of building / improvements 20,000
Maintenance materials - buildings 32,000 21,301
Small tools and equipment 2,000 2,459
Operating materials and supplies 15,000 10,482
Machinery and equipment 2,400 1,532
318,513 269,342
Public works - traffic
Regular salaries 78,204 90,028
Over~me salaries 8,349 17,637
Temporary salaries 5,271 3,367
Power and light 93,000
77,571
Maintenance of equipment 114,000 53,422
Maintenance of buildings 30,000 21,024
Rentals 300
Sign supplies 30,850 7,888
Small tools and equipment 500 230
Operafional materials and supplies 5,000 1,968
365,474 273,135
Public works - storm water management
Regular salaries 73,775 84,830
2,720 7,582
Overtime
salaries
Temporary salaries 11,592 5,593
Maintenance of buildings 7,000 5,828
Maintenance materials - equipment 7,200 40
Small tools and equipment 800 486
i (Contir~ued)
!
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Highways and streets (continued)
Development and public service (continued)
Public works - storm water management (continued)
Rentals $ 1,270 $ 1,349
Training 800
Operating materials and supplies 20,000 16,650
Machinery and equipment 3,250 2,670
128,407 125,028
Public works - snow and ice control
Regular salaries 128,400 162,813
Overtime salaries 44,833 99,387
Temporary salaries 4,152 1,978
Contractual professional services 650 95,402
Maintenance materials - equipment 21,000 16,948
Operating materials and supplies 117,678 83,019
316,713 459,547
Public works - forestry
Regular salaries 178,701 196,576
Overtime salaries 7,700 21,013
Temporary salaries 8,728 8,487
Contractual professional services 1,800 15,750
Dues, subscriptions, and memberships 655 1,170
Maintenance of equipment 1,200 179
Maintenance of building / improvements 3,000 120
Maintenance materials and equipment 500 474
Small tools and equipment 300 504
Operational materials and supplies 5,250 3,800
207,834 248,073
Public works - grounds
Regular salaries 72,428 71,214
Overtime salaries 2,302 1,347
Temporary salaries 10,233 2,163
Contractual professional services 121,000 66,211
Maintenance of building / improvements 5,000
Maintenance materials - equipment 600 60
Small tools and equipment 1,000 1,143
Operating materials and supplies 23,000 22,686
235,563 164,824
Building inspection
Regular salaries 689,533 672,134
Overtime salaries 8,000 7,258
Temporary salaries 7,641
Longevity pay 3,561 3,561
Contractual professional services 23,500 10,426
Printing,
binding, and publication 277
Dues, subscriptions, and memberships 3,215 3,511
(Continued)
65
VILLAGE OF GLENVIEW, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Highways and streets (continued)
Development and public service (continued)
Building inspection (continued)
Maintenance of equipment $ 1,800 $ 60
Rentals 302
Travel 7,552 6,763
Training 6,000 4,676
Uniform allowance 2,000 676
Books, pamphlets, and materials 5,000 1,626
Operating materials and supplies 2,000 5,709
Computer supplies 1,000
PC expansion 2,466
Equipment replacement 21,000 21,000
Equipment repairs 8,667 11,441
Machinery and equipment 8,950 2,600
Automotive 31,000 13,450
822,778 775,577
Less transfer to Capital Equipment
Replacement Fund 21,000 21,000
801,778 754,577
Total highways and streets $ 5,328,060 $ 5,100,45~5
Pension
Police pension $ 318,425 $ 427,409
Firefighters' pension 105,575 143,165
Total pension $ 424,000 $ 570,574
66
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SPECIAL REVENUE FUNDS
Illinois Municipal Retirement Fund - The Illinois Municipal Retirement Fund is used to
account for the revenues and expenditures associated with providing disability and pension
benefits for Glenview employees. This fund also provides the employer with a portion of
F.I.C.A. contributions.
Motor Fuel Tax Fund - The Motor Fuel Tax Fund is used to account for the activities
involved with street maintenance and construction. Financing is provided by the
Government's share of state gasoline taxes. State law requires these gasoline taxes to be
used to maintain streets.
Refuse and Recycling Fund - The Refuse and Recycling Fund is used to account for the
financial activity of the community wide recycling program. The program is designed to
license and monitor prime scavenger services operating in the residential areas of the
Government. Their activities will mainly be involved with the collection and disposition of
recyclable items.
911 Communications Fund - The 911 Communications Fund is used to account for the
activity of the 911 emergency service system. Financial activity began in 1990 and the system
became operational in 1992.
GNAS Redevelopment Fund - The GNAS Redevelopment Fund is used to account for the
resources and expenditures incurred in the development of the Glenview Naval Air Base
land.
GNAS Caretaker Fund - The GNAS Caretaker Fund is used to account for the resources and
expenditures related to the Village's custodial arrangement with the U.S. Navy regarding
caretaking of the Glenview Naval Air Base.
Special Tax Allocation Fund - The Special Tax Allocation Fund is used to account for the
incremental property tax revenue that is generated through the growth of the assessed
valuation at the GNAS.
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VILLAGE OF GLEN-VIEW, ILLINOIS
Illinois Municipal Retirement Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Revenues
Taxes
Property taxes o current $ 520,000 $ 569,091
Property taxes - prior 28,681
Replacement taxes 20,000 20,000
Interest 4,000 8,350
Other 53,622 53,622
Total revenues 597,622 679,744
Expenditures
Pension
Retirement contributions 810,000 825,172
Other 8,000 7,835
Total expenditures 818,000 833,007
Excess (deficiency) of revenues over expenditures (220,378) (153,263)
Other financing sources
Operating transfers in
911 Communications Fund 11,580 11,580
Waterworks Fund 69,600 69,600
Wholesale Water Fund 1,360 1,360
North Maine Water Fund 28,775 28,775
GNAS Caretaker Fund 16,530 16,530
GNAS Redevelopment Fund 31,900 31,900
Sewerage Fund 13,975 13,975
Component unit
Library Fund 136,622 136,622
310,342 310,342
Excess of revenues and other financing
sources over expenditures $ 89,964 157,079
Fund balance
January 1 72,445
December 31 $ 229,524
See accompanying notes to financial statements.
69
VILLAGE OF GLENVIEW, ILLINOIS
Motor Fuel Tax Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Revenues
Intergovernmental
Allotments $ 1,075,000 $ 1,141,541
Interest 10,300 10,399
Total revenues 1,085,300 1,151,940
Expenditures
General government
Operational materials and supplies 49,427
Excess of revenues over expenditures 1,085,300 1,102,513
Other financing (uses)
Operating transfers (out)
Capital Projects Fund (1,194,800) (1,194,800)
Excess (deficiency) of revenues over expenditures
and other financing uses $~ (92,287)
Fund balance
January 1 299,213
December 31 $ 206,926
See accompanying notes to financial statements.
70
VILLAGE OF GLENVIEI4/, ILLINOIS
Refuse and Recycling Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Revenues
Charges for services
License fee $ 3,125 $ 2,500
Host community revenue 100,000 100,858
Bin sales 2,500 2,526
Refuse bag sales 25,000 31,899
Yard waste sticker sales 7,500 10,363
Tipping fees 925,000 946,645
Interest 17,500 52,520
Total revenues 1,080,625 1,147,311
Expenditures
General government
Dumping costs 70,000
Refuse bag purchase 60,000 16,013
Yard waste sticker purchase 30,000 10,500
Operational materials & supplies 1,000 -
Recycling bins 5,000 6,975
Other operational expenses 966,350 803,595
Printing, binding and publications 3,000
Contractual professional service 1,000 -
Public works disposal fees 104,289
Total expenditures 1,136,350 941,372
Excess (deficiency) of revenues over expenditures $ (55,725.__) 205,939
Fund balance
January 1 1,192,944
December 31 $ 1,398,883
See accompanying notes to financial statements.
71
VILLAGE OF GLENVIEW, ILLINOIS
911 Communications Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Charges for services $ 350,000 $ 363,410
Interest 9,000 17,865
Miscellaneous 125
Total revenues 359,000 381,400
Expenditures
Public safety
Regular employee salaries 138,654 137,498
Overtime salaries 1,000 73
Overtime hire back 4,000 6,330
Holiday pay 1,000
Longevity pay 1,018 1,018
Contractual professional services 6,000
Printing, binding, and publications 500
Telephone and telegraph 84,430 74,961
Maintenance of equipment 14,100 6,465
Rentals 2,300 2,316
Uniform allowance 1,350 1,350
Materials and supplies 1,000
Furniture and fixtures 1,000
FICA payments 11,100 11,287
P.C. expansion/training 5,000 235
Insurance 16,085 16,085
Machinery and equipment 19,000 11,478
Total expenditures 307,537 269,096
Excess of revenues over expenditures 51,463 112,304
Other financing (uses)
Operating transfers (out)
Illinois Municipal Retirement Fund (11,580) (11,580)
Capital Equipment Replacement Fund (33,314) (33,314)
(44,894) (44,894)
Excess of revenues over expenditures
and other financing uses $ 6,56~9 67,410
Fund balance
January 1 330,485
December 31 $ 397,89~5
See accompanying notes to financial statements.
72
VILLAGE OF GLEN-VIEW, ILLINOIS
GNAS Redevelopment Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Revenues
Intergovernmental
EDA grant $ $ 263,534
Interest 500 1,324
Miscellaneous 5,000 2,204
Total revenues 5,500 267,062
Expenditures
General government 3,601,027 2,782,948
Highway and streets 282,498
3,601,027 3,065,446
Excess (deficiency) of revenues over expenditures (3,595,527) (2,798,384)
Other financing sources (uses)
Operating transfers in
GNAS Bond Fund 3,627,217 2,060,000
Special Tax Allocation Fund 2,185,000
Operating transfers (out)
General Fund (2,000) (2,000)
Illinois Municipal Retirement Fund (31,900) (31,900)
Capital Equipment Replacement Fund (22,800) (22,800)
3,570,517 4,188,300
Excess (deficiency) of revenues and other financIng
sources over expenditures and other financing uses $ (25,010...~) 1,389,916
Fund balance
January (1,385,304)
1
December 31 $ 4,61~2
See accompanying notes to financial statements.
73
VILLAGE OF GLENVIEW, ILLINOIS
GNAS Redevelopment Fund
Administration Department
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
General government
Administration
Regular salaries $ 438,391 $ 432,538
Overtime salaries 9,600 2,239
Temporary salaries 18,160
Longevity pay 2,941 2,940
Contractual professional services 2,528,422 1,920,777
Postage 28,600 9,050
Printing, binding, and publication 65,000 36,308
Dues, subscriptions, memberships 7,130 3,560
Telephone and telegraph 22,200 27,044
Maintenance of equipment 7,100 3,126
Maintenance of building/improvements 29,800 19,130
Rentals 25,200 17,716
Travel expense 47,000 19,148
Training 7,000 4,203
Office supplies 13,500 27,092
Maintenance materials 1,200 1,220
Small tools and equipment 1,000 1,002
Power and light 48,000 12,119
Heating 24,000 3,181
Uniform allowance 520 210
Books, pamphlets, and materials 600 1,323
Cleaning supplies 2,500 1,215
Operating materials and supplies 45,000 9,738
Computer supplies 2,200 1,189
FICA payments 28,725 33,296
Employee welfare 2,000 2,970
Transfer to Machinery and Equipment
Repair Fund 5,471 9,888
Transfer to Capital Equipment
Replacement Fund 22,800 22,800
Insurance 169,417 169,417
Other operational expenses 4,200 2,284
Credit card processing fee 550
Buildings/improvements to buildings 10,000 137
Machinery and equipment 5,600 8,888
3,623,827 2,805,748
(Continued)
74
VILLAGE OF GLENVIEW, ILLINOIS
GNAS Redevelopment Fund
Administration Department
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
General government (Cont.)
Less Transfer to Capital Equipment
Replacement Fund $ 22,800 $ 22,800
Total general government 3,601,027 2,782,948
Highway and Streets
EDA Grant
Road design 278,053
Storm water design 4,445
Total highway and streets 282,498
Total expenditures $ 3,601,02~7 $ 3,065,446
75
VILLAGE OF GLENVIEW, ILLINOIS
GNAS Caretaker Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Revenues
Interest $ 1,675 $ 174
Other
Utilities reimbursement 3,928
Total revenues 1,675 4,102
Expenditures
General government 2,347,772 213,346
Excess (deficiency) of revenues over expenditures (2,346,097) (209,244)
Other financing sources (uses)
Operating transfers in
GNAS Bond Fund Series 1995 Fund 1,041,052 164,500
Special Tax Allocation Fund 148,000
Operating transfers (out)
General Fund (2,000) (2,000)
Illinois Municipal Retirement Fund (16,530) (16,530)
Capital Equipment Replacement Fund (48,250) (48,250)
974,272 245,720
Excess (deficiency) of revenues and other financing
sources over expenditures and other financing uses $ (1,371,825) 36,476
Fund balance
January 1 (31,669)
December 31 $ 4,807
See accompanying notes to financial statements.
76
VILLAGE OF GLENVIEW, ILLINOIS
GNAS Caretaker Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
General government
Overhead
Regular employees salaries $ 10,000 $ 3,136
Overtime salaries 5,000
Temporary salaries 5,000 179
Contractual professional services 1,000
Power and light 2,000
Heating 2,000 205
Telephone and telegraph 1,000
Dues subscription members 1,000
Maintenance of equipment 10,000
Maintenance of building/improvements 10,000 11,602
Rentals 1,000
Uniform allowance 5,000
Office supplies 1,000
Small tools and equipment 500 37
Computer supplies 1,000
FICA payments 16,000 5,221
Utility reimbursement 8,000
Insurance 22,200 22,200
93,700 50,580
Street maintenance
Regular employees salaries 10,000 1,177
Overtime salaries 5,000 1,452
Temporary salaries 5,000 15
Maintenance materials - building 1,000
Small tools and equipment 500 418
Computer supplies 1,000
22,500 3,062
Traffic
Regular employees salaries 10,000 5,500
Overtime salaries 5,000 180
Temporary salaries 5,000 201
Power and light 110,000 4,807
Maintenance of equipment 16,000 9,554
Maintenance of building/improvements 21,500
Rentals 500
Sign supplies 4,150 4,402
Small tools and equipment 1,000 124
Operational materials and supplies 1,000
174,150 24,768
(Continued)
VILLAGE OF GLENVIEW, ILLINOIS
GNAS Caretaker Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Storm water management
Regular employees salaries $ 10,000 $ 6,212
Overtime salaries 5,000 1,745
Temporary salaries 5,000 295
Maintenance of building/improvements 7,000
Maintenance materials and equipment 6,700 2,228
Small tools and equipment 1,000 1,611
34,700 12,091
Snow and ice control
Regular employees salaries 10,000 2,527
Overtime salaries 5,000 1,042
Temporary salaries 5,000 97
Operational materials and supplies 10,822 5,822
30,822 9,488
Forestry
Regular employees salaries 10,000 1,906
OvertSme salaries 5,000
Temporary salaries 5,000 323
Contractual professional services 500
Maintenance of equipment 1,200 549
Maintenance materials and equipment 500 926
Small tools and equipment 2,800 3,4,31
Operational materials and supplies 500 17
25,500 7,152
Grounds
Regular employees salaries 10,000 4,503
Overtime salaries 5,000 760
Temporary salaries 5,000 45
Contractual professional services 5,000
Maintenance of building/improvements 85,000 13,972
Small tools and equipment 500 101
Operational materials and supplies 243,000 1,657
353,500 21,038
Great park maintenance
Regular employees salaries 230,000 348
Overtime salaries 5,000 62
salaries 5,000
Temporary
Contractual professional services 5,000 13,467
Power and light 15,000
Maintenance of equipment 20,000
Maintenance of building/improvements 5,000 3,948
(Continued)
78
VILLAGE OF GLENVIEW, ILLINOIS
GNAS Caretaker Fund
Schedule of Expenditures ~ Budget and Actual
Year Ended December 31, 2000
Budget Actual
Great park maintenance (Cont.)
Training $ 1,200 $ 698
Books pamphlets materials 1,000
Maintenance materials and equipment 2,000
Small tools and equipment 2,000
Operational materials and supplies 245,000 6,575
536,200 25,098
Lake management
Regular employees salaries 10,000 569
Overtime salaries 5,000
Temporary salaries 5,000
Contractual professional services 25,000
Maintenance of equipment 5,000
Maintenance of building/improvements 147,500 70
Training 2,500
Books pamphlets materials 1,000
Small tools and equipment 2,000
Operational materials and supplies 332,000
Machinery or equipment 235,000 11,045
770,000 11,684
Prairie management
Regular employees salaries 10,000 1,058
Overtime salaries 5,000
Temporary salaries 5,000
Contractual professional services 10,000
Power and light 5,000
Maintenance of equipment 10,000
Maintenance of building/improvements 30,000
Training 2,500
Books pamphlets materials 2,500
Small tools and equipment 1,000
Operational materials and supplies 5,000 171
86,000 1,229
Chapel maintenance
Regular employees salaries 10,000 33
Overtime salaries 5,000
Temporary salaries 5,000
Contractual professional services 5,000
Power and light 16,000 6,795
Heating 1,800
Maintenance of equipment 3,000
(Continued)
79
VILLAGE OF GLENVIEW, ILLINOIS
GNAS Caretaker Fund
Schedule of Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Chapel maintenance (Cont.)
Maintenance of building/improvements $ 5,100 $
Office supplies 1,000
Small tools and equipment 1,000
Computer supplies 1,000
53,900 6,828
Water distribution system
Regular employees salaries 10,000 20,521
Overtime salaries 5,000 7,313
Temporary salaries 5,000 437
Contractual professional services 2,000 144
Power and light 10,000
Heating 1,500
Water purchases 50,000
Maintenance of building/improvements 24,000 112
Cleaning and household supplies 100
Maintenance materials and equipment 1,000
Maintenance materials building/improvements 4,200 1,007
Operational materials and supphes 3,000 40
115,800 29,574
Sanitary sewer system
Regular employees salaries 10,000 4,886
Overtime salaries 5,000 1,013
Temporary salaries 5,000 715
Contractual professional services 28,000 322
Maintenance of equipment 2,898
Maintenance of building/improvements 1,000
Maintenance materials and equipment 1,000 188
Operational materials and supplies 1,000 732
51,000 10,754
Total expenditures $ 2,347,772 $ 213,346
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I DEBT SERVICE FUNDS
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Corporate Purpose Bond Series of 1993 - This issue in the amount of $7,635,000 was sold to
i finance various capital projects throughout the Government including, but not limited to,
the public works garage, various street projects, and capital purchases.
i Corporate Purpose Bond Series of 1994 - This issue in the amount of $8,040,000 was sold to
partially refund both the Corporate Purpose Bond Series of 1989 and the Corporate Purpose
Bond Series of 1990.
Corporate Purpose Bond Series of 1995 - This issue in the amount of $500,000 was sold to
finance the construction of a Sewer Lift Station and other sewer system improvements.
I Corporate Purpose Bond Series of 1996 - This issue in the amount of $8,435,000 was sold to
finance General Obligation Bond Anticipation Bonds that matured in 1996.
I Corporate Purpose Bond Series of 1998 - These issues in the amounts of $10,000,000 of
Series A and $24,400,000 of Series B were sold to finance the development of the GIenview
i Naval Air Base.
Corporate Purpose Bond Series of 2000 - This issue in the amount of $4,970,000 was sold to
Ifinance various capital improvements throughout the Village.
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VILLAGE OF GLENVIEW, ILLINOIS
Debt Service Funds
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and Actual
Year Ended December 31, 2000
(with comparative totals for 1999)
(See Following Page)
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CAPITAL PROJECTS FUNDS
Capital Equipment Replacement Fund - The Capital Equipment Replacement Fund is used
to account for the funds annually set aside for the eventual replacement of certain capital
equipment.
Capital Projects Fund - The Capital Projects Fund is used to account for revenues and
expenditures involved with all other capital improvements throughout the Government.
Village Permanent Fund - This fund is used to account for projects not related to the
Glenview Naval Air Base and will transfer a portion of land sales revenues to retire the debt
service for the 1996 General Obligation Bonds.
Bond Fund Series 1993 - The Bond Fund Series 1993 is used to account for the proceeds
received from the Corporate Purpose Bond Series of 1993.
GNAS Bond Fund Series 1995 - This fund is used to account for various development and
other projects related to the Glenview Naval Air Base and financed with the General
Obligation Bond Anticipation Bond Series of 1995.
Glen Land Sales Fund - This fund is used to account for grant funds, land sales, and
property tax revenues (via the Tax Increment Finance District) related to the Glenview Naval
Air Base.
2000 Project Fund - This fund is used to account for the funds derived from the 2000 General
Obligation Bond Issue.
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ENTERPRISE FUNDS
Waterworks Fund - The Waterworks Fund is used to account for the provision of water and
sewer service to the residents of Glenview. All activity necessary to provide such services is
accounted for in this fund including, but not limited to, administration (Director of Public
Works), operation, maintenance, financing and related debt service, and billing and
collection.
Wholesale Water Fund - The Wholesale Water Fund is used to account for the provision of
water service to the Citizens Utility Co. enabling the utility to receive Lake Michigan water.
North Maine Water and Sewer Fund - The North Maine Water and Sewer Fund is used to
account for all financial activity related to the Village providing water and sewer service to
an unincorporated area southwest of the Village. This area was formerly served by the
North Suburban Public Utilities Company.
Sewerage Fund - The Sewerage Fund is used to account for the funds necessary to provide
sanitary sewer service to both incorporated and unincorporated Village of GIenview
customers.
Commuter Parking Lot Fund - The Commuter Parking Lot Fund accounts for the activity
involved with, but not limited to, the administration (Finance Director), sale of permits, and
maintenance of the commuter parking facilities within the Government.
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VILLAGE OF GLENVIEW, ILLINOIS
Enterprise Funds
Combining Balance Sheet
December 31, 2000
(with comparative 1999)
totals
for
discount 08,157) (45,285) (63,442) (66,121)
See accompanying notes to financial statements.
88
VILLAGE OF GLENVIEW, ILLINOIS
Enterprise Funds
Combining Statement of Revenues, Expenses,
and Changes in Retained Earnings
Year Ended December 31, 2000
(with comparative totals for 1999)
North Maine
Wholesale Water and Commuter Totals
Waterworks Water Sewer Sewerage Parking Lot ~ 1999
Opera~ng
Charges for services
Water and sewer
chaxges $ 6,168,485 $ 1,468,681 $ 5,028,564 $ 849,188 $ 20,862 $ 13,535,780 $ 13,837,346
Water meter repaix
charges 158 158
Opera~ng expenses
Depreciation and
(expenses)
fiscal charges f 147,934) (4Z2,042) (569,976) (606~320)
155,165 (100,786) (370,902) 20,604 9,588 (286,331) (365,674)
Operating txansfers (out) 12,237,284) (423,360) { 578,449) (584,941) (37,000) (3,861,034) (2,675,117)
(1~97,284) (423,360) (578,449) (584,941) (37,000) (3,521,034) (1,604,334)
Net ~ncome (loss) 38,629 (25,848) (311,730) (92,383) 46,050 (245,2~2) 2,597,314
See accompanying notes to financial statements.
89
VILLAGE OF GLENVIEW, ILLINOIS
Enterprise Funds
Combining Schedule of Changes in Contributed Capital
Year Ended December 31, 2000
(with comparative totals for 1999)
Totals
Waterworks Sewerage 2000 1999
Increases
Contribution of capital $ $ 1,290,144 $ 1,290,144 $ 200,000
Decreases -
Net increase - 1,290,144 1,290,144 200,000
Contributed capital
January 1 2,586,154 891,089 3,477,243 3,277,243
December 31 $ 2,586,154 $ 2,181,233 $ 4,767,387 $ 3,477,243
90
VILLAGE OF GLENVIEW, ILLINOIS
Waterworks Fund
Statement of Revenues, Expenses,
and Changes in Retained Earnings - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operating revenues
Charges for services
Water charges $ 5,914,480 $ 6,168,485
Water meter repair charges 158
Water connection charges 100,000 123,569
Water meters and remote readers 50,000 121,684
Miscellaneous
Late payment fees 60,000 67,031
Brass fittings 10,000 31,428
Water for construction 20,000 43,417
Turn on charge 5,000 5,910
Recapture agreements 10,000 1,133
Other 1,500 22,655
Total operating revenues 6,170,980 6,585,470
Operating expenses excluding depreciation
Administration 1,313,290 250,929
Operations
Supply and metering 2,608,405 2,638,812
Pumping station-east 248,716 216,553
Pumping station-west 184,160 140,989
Distribution system 667,005 600,867
Overhead 544,312 388,057
Total operating expenses excluding depreciation 5,565,888 4,236,207
Operating income before depreciation 605,092 2,349,263
Depreciation 568,515
Operating income 605,092 1,780,748
Nonoperating revenues
Interest income 92,500 155,165
Income before operating transfers
697,592
1,935,913
Operating transfers in (out)
General Fund (500,750) (500,750)
Wholesale Water Fund 320,000 320,000
Illinois Municipal Retirement Fund (69,600) (69,600)
N. Maine Water/Sewer Fund 20,000 20,000
Corporate Purpose Bonds 1994 Fund (457,948) (457,948)
Capital Projects Fund (500,000) (1,208,986)
(1,188,298) (1,897,284)
Net income (loss) $ (490,706)
38,629
Retained earnings
January 1 16,628,339
December 31 $ 16,666,968
See accompanying notes to financial statements.
92
VILLAGE OF GLENVIEI4r, ILLINOIS
Waterworks Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Administration
Contractual professional services $ 1,000 $ 2,107
Printing, binding, and publication 300 1,778
Postage 13,500 13,918
Computer supplies 1,500
FICA payment 69,600 59,532
Insurance 127,390 127,390
Improvements other than building 1,100,000 642,191
1,313,290 846,916
Less nonoperating expenses
Fixed assets capitalized 595,987
Total administration 1,313,290 250,929
Operations
Supply and metering
Regular salaries 109,307 75,310
Overtime salaries 1,524 14,314
Temporary salaries 324 508
Contractual professional services 86,000 41,069
Water 2,357,050 2,458,947
Maintenance of buildings 6,000 2,196
Operational materials and supplies 48,200 46,468
Total supply and metering 2,608,405 2,638,812
Pumping station-east
Regular salaries 41,290 32,499
Overtime salaries 8,006 16,105
Temporary salaries 170 362
Contractual professional services 17,350 11,340
Power and light 110,000 126~387
Heating 6,000 3,755
Telephone 4,000 3,745
Maintenance of building 25,500 13,362
Cleaning and household supplies 100 133
Maintenance materials - equipment 3,000 1,133
Maintenance materials - building 1,000 2,002
Operating materials and supphes 7,300 5,730
Machinery or equipment 25,000
Total pumping station-east 248,716 216,553
(Continued)
93
VILLAGE OF GLENVIEW, ILLINOIS
Waterworks Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operations (Continued)
Pumping station-west
Regular salaries $ 18,990 $ 25,653
Overtime salaries 4,186 9,768
Temporary salaries 34 740
Contractual professional services 12,200 3,314
Power and light 111,500 79,458
Heating 4,000 3,246
2,000 2,068
Telephone
Maintenance of building 20,500 10,213
Cleaning and household supplies 100 99
- equipment 5,000 3,921
Maintenance
materials
Maintenance materials - building 750 98
Operating materials and supplies 4,900 2,411
Total pumping station-west 184,160 140,989
Distribution system
339,596 299,718
Regular
Overtime salaries 53,276 76,676
Temporary salaries 10,833 8,980
professional services 33,000 12,933
Contractual
Maintenance of equipment 500
Maintenance of buildings 115,000 103,162
Rentals 300
Sign supplies 1,500 11
Maintenance materials - buildings 90,500 74,518
Small tools & equipment 174
Operating materials and supplies 10,000 17,477
Machinery and equipment 12,500 7,218
Total distribution system 667,005 600,867
(Continued)
94
VILLAGE OF GLENVIEIN, ILLINOIS
Waterworks Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operations (Continued)
Overhead
Regular salaries $ 228,825 $ 214,621
Overtime salaries 683 547
Temporary salaries 1,512 2,004
Longevity pay 5,428 5,427
Postage 300 167
Telephone 1,100 5,459
Dues, subscriplions, and memberships 3,230 2,200
Maintenance of equipment 5,000 5,078
Rentals 20,900 334
Travel expense 2,500 770
Training 6,600 2,981
Uniform allowance 7,855 7,886
Office supplies 750 705
Books, pamphlets, and materials 300 80
Small tools and equipment 5,850 10,998
Operational materials and supplies 2,000 597
Computer supplies 1,800 93
Employee welfare 1,000 1,632
Equipment replacement 117,482
Equipment repairs 128,097 124,650
Machinery and equipment 3,100 1,828
Total overhead 544,312 388,057
Total operating expenses excluding depreciation $ 5,565,888 $ 4,236,207
95
VILLAGE OF GLENVIEW, ILLINOIS
Wholesale Water Fund
Statement of Revenues, Expenses,
and Changes in Retained Earnings - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operating revenues
Water sales $ 1,425,000 $ 1,468,681
Operating expenses excluding depreciation
Operations
Supply and metering 813,425 826,645
Pumping station 46,218 71,255
Distribution system 2,105 9,667
Total operating expenses 861,748 907,567
Operating income before depreciation 563,252 561,114
Depreciation and amortization 62,816
Operating income 563,252 498,298
Nonoperating revenues (expenses)
Interest income 36,500 47,148
Interest expense (147,524) (147,934)
Bond principal (120,000)
(231,024) (100,786)
Income before operating transfers 332,228 397,512
Operating transfers in (out)
Waterworks Fund (320,000) (320,000)
Illinois Municipal Retirement Fund (1,360) (1,360)
General Fund (102,000) (102,000)
(423,360) (423,360)
Net (loss) $ (91,132) (25,848)
Retained earnings
January I 759,400
December 31 $ 733,552
See accompanying notes to financial statements.
97
VILLAGE OF GLENVIEW, ILLINOIS
Wholesale Water Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operations
Supply and metering
Water purchases $ 803,000 $ 818,339
Maintenance of buildings 1,000
FICA payments 1,325 1,106
Operational material and supplies 600
Paying agent fees
1,500
1,200
Insurance 6,000 6,000
Total supply and metering 813,425 826,645
Pumping station
Regular salaries 9,167 6,892
Overtime salaries 4,484 4,263
Temporary salaries 1,517 19
Contractual professional services 200 72
Power and light 29,000 58,090
Telephone 500 452
Maintenance of buildings 750
Operational materials and supplies 100 967
Equipment rentals 500 500
Total pumping station 46,218 71,255
Distribution system
Regular salaries 425
2,159
Overtime salaries 50 455
Temporary salaries 630 672
Contractual professional service
1,000
6,381
Total distribution system 2,105 9,667
Total operating expenses excluding depreciation $ 861,748 $ 907,567
98
VILLAGE OF GLENVIEIq, ILLINOIS
North Maine Water and Sewer Fund
Statement of Revenues, Expenses,
and Changes in Retained Earnings - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operating revenues
Charges for services
Water charges $ 4,895,000 $ 4,713,820
350,000 314,744
Sewer
charges
Miscellaneous
New water meters 800 2,772
Late payment fees 40,000 44,864
Tum on charge 2,000 200
5,287,800 5,076,400
Operating expenses excluding depreciation
Administration 369,150 374,945
Operations
Supply and metering
3,545,896
3,404,663
Pumping station 73,142 57,939
Distribution system 350,176 276,059
Collection system 142,509 72,268
Total operating expenses 4,480,873 4,185,874
Operating income before depreciation 806,927 890,526
Depreciation 252,905
Operating income 806,927 637,621
Nonoperating revenues (expenses)
Interest income 40,000 51,140
Interest expense (422,573) (422,042)
Bond principal (210,000)
Note principal (82,072)
(674,645) (370,902)
Income before transfers 132,282
operating
266,719
Operating transfers (out)
General Fund (292,674) (292,674)
Waterworks Fund (20,000) (20,000)
Capital Equipment Replacement Fund (40,487)
Capital Projects Fund (237,000) (237,000)
Illinois Municipal Retirement Fund (28,775) (28,775)
(618,936) (578,449)
Net (loss) $ (486,654) (311,730)
Retained earnings
January 1 (110,109)
December 31
See accompanying notes to financial statements.
100
VILLAGE OF GLENVIEW, ILLINOIS
North Maine Water and Sewer Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Administration
Regular salaries $ 115,819 $ 107,848
Overtime salaries 203 215
Temporary salaries 252 2,617
Longevity pay 905 905
Contractual professional services 45,075 29,336
Acquisition costs 44,676
Cost of issuance 1,472
Printing, binding, and publication 2,000 576
Power and light 175
Heating 1,841
Postage 27,600 18,562
Telephone and telegraph 1,500 3,590
Maintenance of equipment 909
Uniform allowance 2,750 625
FICA payments 35,625 26,089
Employee welfare 525
Equipment repairs 18,396 32,611
Rentals 35,700 24,514
Office supplies 1,500 2,304
Computer supplies 2,500
Machinery or equipment 4,000 1,880
Paying agent fees 1,200 600
Insurance 73,600 73,600
Total administration 369,150 374,945
Operations
Supply and metering
Regular salaries 32,000 72,836
Overtime salaries 1,821 7,765
Temporary salaries 31,075 7,315
Water purchases 3,315,000 3,257,739
Maintenance of building and improvements 6,000 4,284
Operating materials and supplies 10,000 768
Meter replacement 150,000 53,956
Total supply and metering 3,545,896 3,404,663
Pumping station
Regular salaries 16,000 17,234
Overtime salaries 4,554 5,641
Temporary salaries 288 14
Contractual professional service 18,600 10,092
Operational expense 3,000 1,510
Power and light 13,000 6,721
Telephone 2,600 12,082
Maintenance of buildings 5,000 3,742
Pump repair 10,000 900
Cleaning and household supplies 100 3
Total pumping station 73,142 57,939
(Continued)
101
VILLAGE OF GLENVIEI8/, ILLINOIS
North Maine Water and Sewer Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operations (Continued)
Distribution system
Regular salaries $ 78,000 $ 62,959
Overtime salaries 23,833 22,110
Temporary salaries 4,243 5,610
Contractual professional service 30,000 20,992
Maintenance of building 52,500 37,398
Maintenance materials - building 46,300 26,492
Rentals 300 876
Operational materials and supplies 5,000 8,206
improvements 100,000 92,863
System
Machinery and equipment 10,000 7,218
350,176 284,724
Less nonoperating expenses
Fixed assets capitalized 8,665
Total distribu~fion system 350,176 276,059
Collection system
Regular salaries 44,471 22,487
Overtime salaries 3,516 5,161
Temporary salaries 1,972 945
Contractual professional services 3,000
Maintenance of building 30,500 16,260
Maintenance materials - equipment 4,800 4,386
Small tools and equipment 250
Operating materials and supplies 4,000 366
System improvements 50,000 22,663
Total collection systems 142,509 72,268
Total operating expenses excluding depreciation $ 4,480,873 $ 4,185,874
102
VILLAGE OF GLENVIEW, ILLINOIS
Sewerage Fund
Statement of Revenues, Expenses,
and Changes in Retained Eamings- Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operating revenues
Charges for services
Sewer charges $ 742,522 $ 849,188
Sewer connection charges 7,500 15,115
Late payment fees 9,840
Miscellaneous - 74
Total operating revenues 750,022 874,217
Operating expenses excluding depreciation
Administration 249,478 65,063
Operations
Pumping station 38,985 18,128
Collection 203,569 180,416
Total operating expenses 492,032 263,607
Operating income before depreciation 257,990 610,610
Depreciation 138,656
Operating income 257,990 471,954
Nonoperating revenue
Interest income 10,000 20,604
Income before operating transfers 267,990 492,558
Operating transfers (out)
(68,500) (68,500)
General
Fund
Illinois Municipal Retirement Fund (13,975) (13,975)
Capital Projects Fund (342,955) (392,955)
1994 G.O. D/S
(78,492)
(78,492)
1995 G.O. D/S (104,200) (31,019)
(608,122) (584,941)
Net (loss) $ (340,132) (92,383)
Retained earnings
January 1 3,888,659
December 31 $ 3,796,276
See accompanying notes to financial statements.
104
VILLAGE OF GLEN-VIEW, ILLINOIS
Sewerage Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Administration
FICA payments $ 13,450 $ 13,308
Equipment replacement 24,036
Equipment repairs and fuel 39,302 41,110
Improvements other than building 162,045
Insurance 10,645 10,645
Total administration 249,478 65,063
Operations
Pumping Station
General
Regular salaries 8,402 4,570
Overtime salaries 1,012 949
Temporary salaries 169 74
Power and light 3,000 1,735
Heating 1,000 862
Telephone and telegraph 800 755
Maintenance of equipment 5,000
Operational materials and supplies 1,200
20,583 8,945
Heatherfield Lift Station
Regular salaries 8,402 4,906
Overtime salaries 58
Temporary salaries 500 70
Power and light 4,000
Heating 1,500
Telephone and telegraph 800
Maintenance of equipment 2,000 2,411
Operational materials and supplies 1,200 1,738
18,402 9,183
Total pumping station 38,985 18,128
(Continued)
105
VILLAGE OF GLENVIEW, ILLINOIS
Sewerage Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operations (Continued)
Collection system
Regular salaries $ 136,390 $ 138,111
Overtime salaries 7,692 19,150
Temporary salaries 6,457 6,077
Contractual professional services 10,000 328
Maintenance of equipment 3,800 435
Maintenance of buildings 13,000 3,552
Rentals 180 360
Training 800
Maintenance materials 5,000 1,141
Small tools and equipment 600 875
Operational materials and supplies 19,000 10,387
Machinery and equipment 650 -
System improvements - 813,802
203,569 994,218
Less nonoperating expenses
Fixed assets capitalized 813,802
Total collection system 203,569 180,416
Total operating expenses $ 492,032 $ 263,607
106
VILLAGE OF GLENVIEW, ILLINOIS
Commuter Parking Lot Fund
Statement of Revenues, Expenses,
and Changes in Retained Earnings - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operating revenues
Charges for services
Meter fees $ 20,000 $ 20,862
Parking decals 245,000 190,769
Miscellaneous 5,000 5,700
Total operating revenues 270,000 217,331
Operating expenses
Administration 203,331 129,262
Operations 29,700 6,223
Depreciation 8,384
Total operating expenses 233,031 143,869
Operal~Lng income 36,969 73,462
Nonoperating revenue
Interest income 1,500 9,588
Income before operating transfers 38,469 83,050
Operating transfers (out)
General Fund (32,000) (37,000)
Net income $ 6,469 46,050
Retained eamings
January 1 194,545
December 31 $ 240,595
See accompanying notes to financial statements.
108
VILLAGE OF GLENVIEW, ILLINOIS
Commuter Parking Lot Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended December 31, 2000
Budget .Actual
Administxation
Regular employee salaries $ 26,601 $ 16,569
Overtime salaries 911 1,274
salaries 5,169 5,448
Temporary
Contractual professional services 44,500 41,787
Printing, binding, and publications 500
Power and light 13,000 12,565
Heating 3,600 2,059
Postage 700
Telephone and telegraph 500 1,769
Maintenance of buildings 17,450 11,829
Rentals 49,500 25,761
Cleaning/household supplies 1,500
Maintenance materials 2,000 956
Small tools and equipment 400 100
Operations materials 14,000 8,145
Machinery and equipment 22,000
Insurance 1,000 1,000
Total administration 203,331 129,262
Operations
Regular employee salaries 5,000 4,833
Contractual professional services 5,500
Power and light 6,500
Telephone and telegraph 500
Maintenance of equipment 4,000
Maintenance of buildings 2,500
Cleaning/household supplies 500
Small tools and equipment 200
Operations materials 5,000 1,390
Total operations 29,700 6,223
Total operating expenses $ 233,031 $ 135,485
109
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INTERNAL SERVICE FUNDS
Municipal Equipment Repair Fund - The Municipal Equipment Repair Fund is used to
account for the costs of repairing and maintaining all vehicles of the Government. These
costs include labor, material, fuel, and fixed overhead of the Government's repair facility.
Insurance Fund - The Insurance Fund is used to account for the financial activity of the
Government's entire insurance program. In addition to conventional primary insurance, the
Village is a member of the High-Level Excess Liability Pool (HELP), which provides excess
liability coverage. Also, the Government provides health and life insurance by participating
in the Intergovernmental Personnel Benefit Cooperative (IPBC).
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VILLAGE OF GLENVIEW, ILLINOIS
Internal Service Funds
Combining Balance Sheet
December 31, 2000
(with comparative totals for 1999)
Municipal
Equipment Totals
Repair Insurance 2000 1999
ASSETS
Current assets
Cash $ 91,285 $ 628,317 $ 719,602 $ 384,063
Investments 228,575 2,644,926 2,873,501 2,685,062
Receivables
Accounts 958 2,977 3,935 11,228
Accrued interest 44,156
Prepaid expenses 198,183 198,183
Due from other funds 6,000 6,000 105,800
Deposits 934,800 934,800 1,249,085
Total assets $ 326,81~8 $ 4,409,20~3 $ 4,736,02~1 $ 4,479,394
LIABILITIES AND
RETAINED EARNINGS
Current liabilities
Accounts payable $ 101,220 $ 406,250 $ 507,470 $ 34,102
Claims payable 269,622 269,622 203,095
Due to other funds 250,663
Total liabilities 101,220 675,872 ~'/'/,092 487,860
Retained earnings 225,598 3,733,331 3,958,929 3,991,534
Total liabilities and
retained earnings $ 326,81~8 $ 4,409,20~3 $ 4,736,021 $ 4,479,394
See accompanying notes to financial statements.
111
VILLAGE OF GLENVIEW, ILLINOIS
Internal Service Funds
Combining Statement of Revenues, Expenses,
and Changes in Retained Earnings
Year Ended December 31, 2000
(with comparative totals for 1999)
Municipal
Equipment Totals
Repair Insurance 2000 1999
Operating revenues
Charges for services $ 935,802 $ 2,777,058 $ 3,712,860 $ 3,605,615
Insurance recoveries 26,397 26,397 10,582
Miscellaneous 60,298 269,816 330,114 340,237
Total operating revenues 1,022,497 3,046,874 4,069,371 3,956,434
Operating expenses
Operations 938,546 3,281,718 4,220,264 3,383,552
Operating income (loss) 83,951 (234,844) (150,893) 572,882
Nonoperafing revenues
Interest income 8,793 121,095 129,888 116,932
Net income (loss) before operating
transfers 92,744 (113,749) (21,005) 689,814
Operating transfers (out)
Capital Equipment Replacement
Fund (11,600) (11,600) (67,193)
Net income (loss) 81,144 (113,749) (32,605) 622,621
Retained earnings
January 1 144,454 3,847,080 3,991,534 3,368,913
December31 $ 225,59~8 $ 3,733,331 $ 3,958,92~9 $ 3,991,534
See accompanying notes to financial statements.
112
VILLAGE OF GLENVIEW, ILLINOIS
Internal Service Funds
Combining Statement of Cash Flows
Year Ended December 31, 2000
(with comparative totals for 1999)
Municipal
Equipment Totals
Repair Insurance 2000 1999
Cash flows from operating activities
Operating income (loss) $ 83,951 $ (234,844) $ (150,893) $ 572,882
Adjustments to reconcile operating
income (loss) to net cash provided
by (used in) operating activities
Changes in assets and liabilities
Accounts receivable 3,680 3,613 7,293 (4,785)
Deposits 314,285 314,285 (60,469)
Due from other funds 27,268 72,532 99,800 (105,800)
Prepaid expenses (198,183) (198,183) 220,260
Accounts payable 75,386 397,982 473,368 (91,203)
Claims payable (1,873) 68,400 66,527 (15,555)
Due to other funds (94,592) (156,071) (250,663) (157,443)
267,714 ,534 357,887
93,820
361
Cash flows from non capital financing
activities
Operating transfer (out) (11,600) (111600) (67,193)
Cash flows from investing activities
Purchase of investments (128,575) (668,030) (796,605) (1,174,989)
Maturities of investments 608,166 608,166
Interest 8,839 165,205 174,044 87, 265
(119,73~) 105,341 (14,395) (1,087,724)
Net increase (decrease) in cash and
cash equivalents (37,516) 373,055 335,539 (797,030)
Cash and cash equivalents
January 1 128,801 255,262 384,063 1,181,093
December 31 $ 91,285 $ 628,31~7 $ 719,602 $
384,063
See accompanying notes to financial statements.
113
VILLAGE OF GLENVIEW, ILLINOIS
Municipal Equipment Repair Fund
Statement of Revenues, Expenses,
and Changes in Retained Earnings - Budget and Actual
Year Ended December 31, 2000
2000
Budget Actual
Operating revenues
Charges for services $ 877,122 $ 935,802
Insurance recoveries 7,500 26,397
Miscellaneous 35,000 60,298
Total operating revenues 919,622 1,022,497
Operating expenses
Operations 869,513 938,546
Operating income 50,109 83,951
Nonoperating revenues
Interest income 1,000 8,793
Income before operating
txansfers 51,109 92,744
Operating transfer (out)
Capital Equipment Replacement
Fund (7,500) (11,600)
Net income $ 43,60~9 81,144
Retained earmngs
January 1 144,454
December 31 $ 225,598
See accompanying notes to financial statements.
114
VILLAGE OF GLENVIEW, ILLINOIS
Municipal Equipment Repair Fund
Schedule of Operating Expenses
Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operations
Regular salaries $ 315,981 $ 268,776
Overtime salaries 10,322 13,440
Temporary salaries 8,898 4,431
Longevity pay 4,410 4,409
Contractual professional services 3,000 841
Dues subscription membership 37 1,500
Maintenance of equipment 87,200 119,799
Maintenance of buildings - 247
Accident repairs 20,000 28,535
Training 3,400 2,531
Uniform allowance 8,750 6,899
Fuel 171,088 238,682
Motor vehicle supplies 55,000 68,996
Cleaning and household supplies 5,000 6,144
Maintenance materials - equipment 125,000 142,679
Maintenance materials - buildings 6,500 10,955
Small tools and equipment 4,000 2,352
FICA payments 395
Equipment repairs 6,113 5,026
Machinery and equipment 34,814 11,909
Total operations $ 869,51~3 $ 938,54~6
115
VILLAGE OF GLENVIEIq
Insurance Fund
Statement of Revenues, Expenses,
and Changes in Retained Earnings - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Operating revenues
Charges for services
Fund charges $ 2,836,143 $ 2,777,058
Miscellaneous
Insurance premium retirees 150,000 183,588
Returned premiums 53,744
Insurance recoveries 25,000 25,803
Other 6,681
175,000 269,816
Total operating revenues 3,011,143 3,046,874
Operating expenses
Operations
Contractual professional services - 11,600
Health insurance 2,085,763 2,377,806
Dental insurance 158,000 105,594
Excess liability 74,000 71,346
Unemployment benefits 30,000 8,086
General insurance program 330,000 353,636
PTM policy 15,710 15,708
Property/casualty claims 100,000 306,622
Workers' compensation insurance 130,000 31,320
Claims settlement 15,000 -
2,938,473 3,281,718
Operating income (loss) 72,670 (234,844)
Nonoperating revenues
Interest income 87,500 121,095
Net income (loss) $ 160,170 (113,749)
Retained earnings
January 1 3,847,080
December 31 $ 3,733,33.___~1
See accompanying notes to financial statements.
116
TRUST AND AGENCY FUNDS
Expendable Trust
Escrow Deposit Fund - The Escrow Deposit Fund is used to account for the funds placed on
deposit with the Government by building contractors working within the Government's
limits. Interest earned on escrow deposits is annually transferred to the Corporate Fund.
Deposit Fund - The Deposit Fund is used to account for money on deposit with the
Government being held on a temporary basis, such as security deposits for use of the
Government's equipment.
Police Depa~'tment Special Account Fund - The Police Department Special Account Fund is
used to account for funds received from the Illinois State Police office to be used in various
types of investigations.
Pension Trust
Police Pension Fund - The Police Pension Fund is used to account for the resources necessary
to provide disability and retirement benefits to personnel of the Glenview Police
Department.
Firefighters' Pension Fund - The Firefighters' Pension Fund is used to account for the
resources necessary to provide disability and retirement benefits to personnel of the
Glenview Fire Depa~i~ient.
Agency
Special Service Areas Fund - This fund accounts for various special service area bond issues.
Arbitrage Rebate Fund - This fund accounts for the recording and payment of any arbitrage
rebates payable.
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VILLAGE OF GLENVIEW, ILLINOIS
Pension Trust Funds
Combining Statement of Plan Net Assets
December 31, 2000
Police Firefighters'
Pension Pension Totals
ASSETS
Cash and cash equivalents $ 1,363,982 $ 239,497 $ 1,603,479
Due from other funds 1,309 519 1,828
Investments, at fair value
U. S. government obligations 22,266,062 36,895,140 59,161,202
Insurance contracts 3,404,219 926,988 4,331,207
Mutual funds 1,432,314 2,005,492 3,437,806
Certificates of deposit 689,775 100,000 789,775
27,792,370 39,927,620 67,719,990
Total assets 29,157,661 40,167,636 69,325,297
LIABILITIES
Accounts payable 486 747 1,233
NET ASSETS HELD IN TRUST FOR
PENSION BENEFITS
(A schedule of funding progress for each plan is
presented following the notes to financial statements) $ 29,157,17~5 $ 40,1~66,889 $ 69,322,236
See accompanying notes to financial statements.
118
VILLAGE OF GLENVIEW, ILLINOIS
Expendable Trust Funds
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Year Ended December 31, 2000
(with comparative totals for 1999)
Police
Department
Escrow Special Totals
Deposit Deposit Account 2000 1999
Revenues
Fines and forfeits $ $ $ 10,419 $ 10,419 $ 4,162
Interest 215,373 10,327 399 226,099 205,708
Total revenues 215,373 10,327 10,818 236,518 209,870
Expenditures
Public safety 3,465
Excess of revenues
over expenditures 215,373 10,327 10,818 236,518 206,405
Other financing (uses)
Operating transfers (out)
General Fund (190,994) (190,994) (194,993)
Excess of revenues
over expenditures and other
financing uses 24,379 10,327 10,818 45,524 11,412
Fund balances
January 1 124,782 36,080 14,847 175,709 164,297
December 31 $ 149,16~1 $ 46,40~7 $ 25,66~5 $ 221,23~3 $ 175,709
See accompanying notes to financial statements.
119
VILLAGE OF GLENVIE3N, ILLINOIS I
Pension Trust Funds
!
Combining Statement of Changes in Plan Net Assets
Year Ended December 31, 2000
Police Firefighters' I
Pension Pension Total
Additions I
Contributions - employer
Taxes $ 427,409 $ 173,790 $ 601,199 I
Contributions - plan members 386,898 398,513 785,411
Investment Income
Net appreciation In fair value of I
investments 3,050,660 1,705,784 4,756,444
Interest earned on investments 536,772 2,230,711 2,767,483
Total additions 4,401,739 4,508,798 8,910,537 I
Deductions
Pensions and refunds 869,740 1,079,533 1,949,273 I
Miscellaneous
Contractual professional services 4,094 9,679 13,773
Total deductions 873,834 1,089,212 1,963,046
Net increase 3,527,905 3,419,586 6,947,491
Net assets held in trust for pension I
benefits
January 1 25,629,270 36,747,303 62,376,573 I
December 31 $ 29,157,175 $~40,166,889 $ 69,324,064
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See accompanying notes to financial statements. I
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VILLAGE OF GLEN-VIEW, ILLINOIS
Police Pension Fund
Statement of Changes in Plan Net Assets - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Additions
Contributions - employer
Property taxes $ 318,425 $ 427,409
Contributions - employees 385,000 386,898
Investment income
Net appreciation in
fair value of investments 3,050,660
Interest earned on investments 1,452,000 536,772
Total additions 2,155,425 4,401,739
Operating expenses
Retirement pension 735,691 744,517
Widow pension 91,004 91,004
Disability pension 34,219 34,219
Miscellaneous
Contractual professional services 16,100 4,094
Total deductions 877,014 873,834
Net increase $ 1,278,411 3,527,905
Net assets held in trust for pension
benefits
January 1 25,629,270
December 31 $ 29,157,175
See accompanying notes to finandal statements.
121
VILLAGE OF GLENVIEI, V, ILLINOIS
Firefighters' Pension Fund
Statement of Changes in Plan Net Assets - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Additions
Contributions - employer
Taxes
Property taxes $ 105,575 $ 143,165
Foreign fire insurance tax 30,000 30,625
Contributions - employees 400,000 398,513
Investment income
Net appreciation in
fair value of investments - 1,705,784
Interest earned on investments 2,002,500 2,230,711
Total additions 2,538,075 4,508,798
Deductions
Retirement pension 1,014,001 816,468
Widow pension 50,411 50,411
Disability pension 170,924 212,654
Miscellaneous
Contractual professional services 14,100 9,679
Total deductions 1,249,436 1,089,212
Net increase $ 1,288,639 3,419,586
Net assets held in trust for pension
benefits
January 1 36,747,303
December 31 $ 40,166,889
See accompanying notes to financial statements.
122
VILLAGE OF GLENVIEW, ILLINOIS
Agency Funds
Combining Statement of Changes in Assets and Liabilities
Year Ended December 31, 2000
Balances Balances
[anuarv 1 Additions Deductions December 31
All Funds
ASSETS
Cash $ 1,921,903 $ 26,351 $ 1,863,770 $ 84,484
Receivables - property taxes 143,079 7,724 135,355
Receivables - accrued interest 33,485 33,485
Total assets S 2,098,467 $ 26,351 $ 1,904,979 $ 219,839
LIABILITIES
Arbitrage payable $ 1,937,233 $ 6,401 $ 1,903,656 $ 39,978
Due to bondholders 161,234 170,057 151,430 179,861
Total liabilities $ 2.098,467 $ 176,458 $ 2.055,086 $ 219,839
Special Service Areas Fund
ASSETS
Cash S 18,155 $ 26.351 $ $ 44,506
Receivables 143,079 7,724 135,355
$ 161,234 $ 26,351 $ 7,724 $ 179,861
LIABILITIES
Due to bondholders $ 161,234 $ 170,057 $ 151,430. $ 179,861
Axbitrage Rebate Fund
ASSETS
Cash $ 1,903,748 $ $ 1,863,770 $ 39,978
Receivables - accrued interest 33,485 33,485
$ 1,937,233 $ $ 1,897,255 $ 39,978
LIABILITIES
Arbitrage payable $ 1,937,233 $ 6,401 $ 1,903,656 $ 39,978
See accompanying notes to financial statements.
123
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GENERAL FIXED ASSETS ACCOUNT GROUP
General fixed assets are those fixed assets used in operations accounted for in
governmental funds. General fixed assets include all fixed assets of the Village not
accounted for in the Enterprise Funds.
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VILLAGE OF GLENVIEW, ILLINOIS
General Fixed Assets Account Group
Schedule of General Fixed Assets - by Source
December 31, 2000
(with comparative totals for 1999)
2000 1999
GENERAL FIXED ASSETS
Land $ 5,643,853 $ 5,005,095
Buildings and improvements 10,160,970 10,089,432
Equipment 8,648,664 8,522,213
Furniture 295,072 295,072
Office equipment 689,250 677,101
$ 25,437,809 $ 24,588,913
INVESTMENT IN GENERAL FIXED ASSETS
General revenues $ 21,638,530 $ 20,789,634
Bond issues 3,799,279 3,799,279
$ 25,437,809 $ 24,588,913
124
VILLAGE OF GLENVIEW, ILLINOIS
General Fixed Assets Account Group
Schedule of Changes in General Fixed Assets - by Function and Activity
Year Ended December 31, 2000
Function and Balances Balances
Activity |anuary 1 Additions Retirements December 31
General government
Executive $ 13,087 $ -. $ $ 13,087
Administrative 2,499,440 63,056 2,562,496
Finance 226,512 6,625 233,137
Building and grounds 498,964 88,739 47,429 540,274
Total general government 3,238,003 158,420 47,429 3,348,994
Public safety
Police 1,590,039 205,642 169,723 1,625,958
Fire 3,397,034 696,564 15,000 4,078,598
Total public safety 4,987,073 902,206 184,723 5,704,556
Public works
Administration 11,313,512 414,519 10,898,993
Forestry 680,960 680,960
MERF 434,497 20,207 23,000 431,704
Street division 2,144,537 409,006 2,553,543
Transportation 531,276 531,276
Total public works 15,104,782 429,213 437,519 15,096,476
Economic development 1,259,055 47,429 18,701 1,287,783
$ 24,588,91~3 $ 1,537,26~8 $ 688,37~2 $ 25,437,80~9
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GENERAL LONG-TERM DEBT ACCOUNT GROUP
This separate self-balancing group of accounts includes the amount of outstanding
long-term indebtedness that has not been identified as a specific fund liability of a
proprietary or trust fund and that is backed by the full faith and credit of the Village
of Glenview.
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COMPONENT UNIT
Component Unit (Library Fund) - The Library Fund is used to account for the resources
necessary to provide the educational, cultural, and recreational activities of the Glenview
Public Library.
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VILLAGE OF GLENVIEW, ILLINOIS
Component Unit - Library Fund
Combining Balance Sheet
December 31, 2000
(with comparative totals for 1999)
General Fixed
Assets Account Totals
General Fund Group 2000 1999
ASSETS
Cash $ 93,642 $ $ 93,642 $ 461,105
Investments 1,465,522 1,465,522 1,191,180
Receivables
Accounts 762 762
Property taxes 3,198,388 3,198,388 3,023,631
Accrued interest 25,329
Restricted assets
Cash 52,373 52,373 14,464
293,349 293,349 321,320
Investments
General fixed assets 5,495,766 5,495,766 5,481,722
Total assets $ 5,104,03~6 $ 5,495,76~6 $ 10,599,80~2 $ 10,518,75~1
LIABILITIES AND
FUND EQUITY
Liabilities
Accounts payable $ 16,453 $ $ 16,453 $
Accrued payroll 31,056 31,056 30,909
Due to primary government 120,000 120,000 60,000
Deferred revenues 47,456 47,456 47,418
Deferred property taxes 3,198,388 3,198,388 3,023,631
Total liabilities 3,413,353 3,413,353 3,161,958
Fund equity
Investment in general fixed
assets 5,495,766 5,495,766 5,481,722
Fund balance
Reserved for endowments 345,722 345,722 335,784
Unreserved 1,344,961 1,344,961 1,539,287
1,690,683 5,495,766 7,186,449 7,356,793
Total liabilities and
fund equity $ 5,104,03~6 $ 5,49____~5,766 $ 10,599,80~2 $ 10,518,751
See accompanying notes to financial statements.
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VILLAGE OF GLENVIEW, ILLINOIS
Component Unit - Library Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance - Budget and Actual
Year Ended December 31, 2000 and Actual Only for 1999
2000 1999
Budget Actual Actual
Revenues
Taxes
Property taxes-current $ 3,114,340 $ 2,990,803 $ 2,990,123
Property taxes - prior 160,025 485
Replacement taxes 29,000 29,000 29,000
Intergovernmental
Per capita grant 35,000 47,418 47,604
Make-whole payment 47,340
Charges for services 83,500 88,159 78,341
Fines and forfeits 66,000 60,518 62,792
Interest 59,000 100,959 106,228
Miscellaneous
Donations 43,114 48,877
Other 5,664 2,425
Total revenues 3,386,840 3,573,000 3,365,875
Expenditures
Culture and recreation 3,579,024 3,488,166 3,227,873
Excess (deficiency) of revenues
ever expenditures (192,184) 84,834 138,002
Other financing (uses)
Operating transfers (out) -
primary government
General Fund (12,600) (12,600) (12,600)
IMRF Fund (136,622) (136,622) (132,182)
Capital Projects Fund (120,000) (120,000) (120,000)
(269,222) (269,222) (264,782)
Excess (deficiency) of revenues over
expenditures and other financing uses $ (461,406) (184,388) (126,780)
Fund balance
January 1 1,875,071 2,001,851
December31 $ 1,690,683 $ 1,875,07~1
See accompanying notes to financial statements.
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VILLAGE OF GLENVIEW, ILLINOIS
Component Unit - Library Fund
Schedule of Operating Expenditures - Budget and Actual
Year Ended December 31, 2000
Budget Actual
Culture and recreation
Regular salaries $ 1,236,157 $ 1,198,901
Overtime salaries 74,078
Temporary salaries 790,934 720,222
Legal 3,000 298
fees
Public information 17,410 16,500
Printing 8,875 5,438
Printing, binding, and publication 8,000 6,668
Power and lights 600 760
Heating 7,000 5,041
Postage 17,000 17,537
Telephone and telegraph 33,055 31,076
Dues and subscriptions 4,740 4,187
Maintenance of equipment 19,751 43,510
Maintenance of copiers 41,177 39,509
Maintenance of EDP equipment 34,000 40,267
On-line searching 65,700 58,555
Maintenance of buildings 92,490 79,360
Travel 20,250
5,592
Training 27,650 20,954
Trustee 2,500 2,101
1,000 -
Personnel
Director expenses 1,200 485
Library programs 27,050 26,651
Office supplies 19,650 12,352
Processing supplies 16,850 14,248
Circulation supplies 11,050 7,285
Audio visual supplies 9,300 9,590
Books, pamphlets, and materials 439,838 435,248
Periodicals 48,594 39,234
Audiovisual 50,650 49,974
Micro-form 36,639 34,112
Video tapes 30,050 32,/144
Cataloging 35,000 34,497
Contingencies 1,000 2,826
Other operating expenses 950 1,680
Machinery and equipment 15,350 42,178
F.I.C.A. payments 154,154 152,469
250,410 222,339
Insurance
Total expenditures $ 3,579,024 $ 3,488,166
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VILLAGE OF GLENVIEW, ILLINOIS
Component Unit - Library Fund
General Fixed Assets Account Group
Schedule of General Fixed Assets - by Source
December 31, 2000
(with comparative totals for 1999)
2000 1999
GENERAL FIXED ASSETS
Land $ 500,000 $ 500,000
Buildings and improvements 4,125,488 4,125,488
Furniture and equipment 870,278 856,234
$ 5,495,76~6 $ 5,481,722
INVESTMENT IN GENERAL FIXED ASSETS
General revenues $ 5,495,766 $ 2,381,722
Bond issues 3,100,000
$ 5,495,766 $ 5,481,722
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VILLAGE OF GLENVIEW, ILLINOIS
Combined Schedule of Cash and Inveshxtents
December 31, 2000
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS ·
Schedule of Insurance in Force ·
December 31, 2000
Specific Aggregate Expixation I
Self-Insured Excess Excess Insurance Date of
Type of Coverage Retention Limit Limit Carrier Policy
Property, Mobile
Equipment, Auto I
Physical Damage $ 50,000 $ 950,000 $ 950,000 United National 12/31/01
Excess Property 1,000,000 N/A 38,431,647 Traveler's Insurance 12/31/01
General Liability, I
Employee Benefits,
Law Enforcement I
Liability, Public Officials 100,000' 900,000 N/A United National 12/31/01
Auto Liability 100,000' 900,000 N/A United National 12/31/01
Employee Dishonesty,
Crime 250,000 N/A Kemper Insurance 12/31/01
General Liability, Auto ·
Liability, Law Enforcement
Liability, Ambulance
Attendants' Liability, I
Public Officials' Liability 1,000,000 10,000,000 10,000,000 High-Level Excess
Liability Pool 4/30/08
Boiler and Machinery 5,000 50,000,000 50,000,000 Travelers Insurance 12/31/01
Position Surety Bonds 1
Paul T. McCarthy,
Treasurer 1,000,000 1,000,000 American Motorists 12/31/01
Workers' Compensation 250,000* 50,000 50,000 United National 12/31/01 1
Excess Workers' I
Compensation 300,000 Statutory Statutory Safety National 12/31/01
* - Ail retentions subject to a maximum $500,000 loss fund. I
N/A - Not applicable. I
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VILLAGE OF GLENVIEIa/, ILLINOIS
Long-Term Debt Requirements
Corporate Purpose Bond Series of 1992
December 31, 2000
Date of Issue April 1, 1992
Date of Maturity December 1, 2012
Authorized Issue $2,895,000
Denomination of Bonds $5,000
Interest Rates 2000 5.90%
2001 6.00%
2002 6.10%
2003 6.20%
2004 6.30%
2005 6.40%
2006 6.50%
2007-2008 6.55%
2009-2012 6.60%
Interest Dates June 1 and December 1
Principal Maturity Date December 1
Payable at American National Bank and
Trust Company of Chicago
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond Tax Levy- Interest Due on
Year Year Numbers Principal Interest Totals [une 1 Amount Dec. 1 Amount
2001 2000 145-169 $ 125,000 $ 140,444 $ 265,444 2001 $ 70,222 2001 $ 70,222
2002 2001 170-195 130,000 132,944 262,944 2002 66,472 2002 66,472
2003 2002 196-224 145,000 125,014 270,014 2003 62,507 2003 62,507
2004 2003 225-254 150,000 116,024 266,024 2004 58,012 2004 58,012
2005 2004 255-286 160,000 106,574 266,574 2005 53,287 2005 53,287
2006 2005 287-320 170,000 96,334 266,334 2006 48,167 2006 48,167
2007 2006 321-366 180,000 85,284 265,284 2007 42,642 2007 42,642
2008 2007 367-395 195,000 73,490 268,490 2008 36,745 2008 36,745
2009 2008 396-437 210,000 60,720 270,720 2009 30,360 2009 30,360
2010 2009 438481 220,000 46,860 266,860 2010 23,430 2010 23,430
2011 2010 482-528 235,000 32,340 267,340 2011 16,170 2011 16,170
2012 2011 529-579 255~000 16,830 271,830 2012 8,415 2012 8,415
$ 2.175.000 $ 1.032.858 $ 3.207.858 $~fi.,429 $ 516.429
Note: The above bond issue is to be retired annually by Wholesale Water Fund.
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VILLAGE OF GLENVIEW, ILLINOIS I
Long-Term Debt Requirements
Corporate Purpose Bond Series of 1993 I
December 31, 2000
Date of Issue May 1, 1993 I
Date of Maturity December 1, 2005
Authorized Issue $7,635,000
Denomination of Bonds $5,000 I
Interest Rates 2001 4.60%
2002 4.60%
2003 4.60% I
2004 4.60%
2005 4.70%
Interest Dates June 1 and December 1 I
Principal Maturity Date December 1
Payable at American National Bank and
Trust Company of Chicago I
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS I
Tax I
Fiscal Levy Bond ......... Tax Lew lnterest Due on
Year Year Numbers Principal Interest Totals ~une 1 Amount Dec. 1 Amount I
2001 2000 497-636 $ 700,000 $ 238,476 $ 938,476 2001 $ 119,238 2001 $ 119,238
2002 2001 637-794 790,000 206,276 996,276 2002 103,138 2002 103,138
2003 2002 795-1019 1,125,000 169,936 1,294,936 2003 84,968 2003 84,968 I
2004 2003 1020-1298 1,195,000 118,186 1,313,186 2004 59,093 2004 59,093
2005 2004 1259-1527 1,345~000 63,216 1,408~216 2005 31,608 2005 31,608
$ 5.155.000 $ 796.090 $ 5.951.090 $ 398.045 $ 398.045 I
Note: Debt service is payable from the Debt Service Fund using monies received from a I
property tax levy.
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VILLAGE OF GLENVIEW, ILLINOIS
Long-Term Debt Requirements
Corporate Purpose Bond Series of 1994
December 31, 2000
Date of Issue September 15, 1994
Date of Maturity December 1, 2004
Authorized Issue $8,040,000
Denomination of Bonds $5,000
Interest Rates 2001 4.90 %
2002 5.00%
2003-2004 5.10%
Interest Dates June 1 and December 1
Principal Maturity Date December 1
Payable at American National Bank and
Trust Company of Chicago
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond Tax Levy ........ Interest Due on
Year Year Numbers Principal Interest Totals [une 1 Amount Dec. 1 Amount
2001 2000 0905-1135 $ 1,155,000 $ 175,540 $ 1,330,540 2001 $ 87,770 2001 $ 87,770
2002 2001 1136-1367 1,160,000 118,945 1,278,945 2002 59,472 2002 59,473
2003 2002 1368-1485 590,000 60,945 650,945 2003 30,473 2003 30,472
2004 2003 1486-1608 605,000 30,854 635,855 2004 15,427 2004 15,427
$ 3.510,000 $ 386.284 $ 3.896.285 $ 193.142 $ 19~.142
Note: Debt service is payable from the Debt Service Fund using monies received from a
property tax levy and monies transferred from the Waterworks and Sewerage Funds.
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VILLAGE OF GLENVIEW, ILLINOIS
Long-Term Debt Requirements
Corporate Purpose Bond Series of 1996
December 31, 2000
Date of Issue November 1, 1996
Date of Maturity December 1, 2008
Authorized Issue $8,435,000
Denomination of Bonds $5,000
Interest Rates Bonds Rate
136-276 4.625 %
277-1278 4.70%
71279-1477 4.80 %
1478-1687 4.875%
Interest Dates June 1 and December 1
Principal Maturity Date December 1
Payable at American National Bank and
Trust Company of Chicago
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Bond Tax Lew .Interest Due on
Year Numbers principal Interest Totals lune 1 Amount Dec. 1 Amount
2001 277423 $ 735,000 $ 334,418 $ 1,069,418 2001 $ 167,209 2001 $ 167,209
2002 424-578 775,000 299,872 1,074,872 2002 149,936 2002 149,936
2003 579-740 810,000 263,448 1,073,448 2003 131,724 2003 131,724
2(I)4 741-910 850,000 225,378 1,6'75,378 2004 112,689 2004 112,689
2005 911-1089 895,000 185,428 1,080,428 2005 92,714 2005 92,714
2006 1090-1278 945,000 143,362 1,088,362 2006 71,681 2006 71,681
2007 1279-1477 995,000 98,948 1,093,948 2007 49,474 2007 49,474
2008 1478-1687 1~050~000 51t188 1~101~188 2008 25~594 2008 25~594
$ 7.055.000 $ 1.602-042 $ 8 657 042 $ 801.021 $ 801.021
Note: Debt service is payable from the Debt Service Fund using monies transferred from the
GNAS Redevelopment Fund.
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VILLAGE OF GLENVIEW, ILLINOIS
Long-Term Debt Requirements
Corporate Purpose Bond Series of 1997
December 31, 2000
of Issue August 15, 1997
of Maturity December 1, 2017
Authorized Issue $6,175,000
Denom/nation of Bonds $5,000
Interest Rates Bonds Rate
001-717 4.875%
718-792 4.900%
792-1235 5.000%
Interest Dates June 1 and December 1
Principal Maturity Date December 1
Payable at American National Bank and
Trust Company of Chicago
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Bond Requirements Interest Due on
Year Numbers Principal Interest Totals ~une 1 Amount Dec. 1 Amount
2001 103-145 $ 215,000 $ 279,032 $ 494,032 2001 $ 139,516 2001 $ 139,516
2002 146-190 P~5,000 268,550 493,550 2002 134,275 2002 134,275
2003 191-238 240,000 257,582 497,582 2003 128,791 2003 128,791
2004 239-288 250,000 245,882 495,882 2004 122,941 2004 122,941
2005 289-340 260,000 233,694 493,694 2005 116,847 2005 116,847
2006 341-395 275,000 221,018 496,018 2006 110,509 2006 110,509
2007 396-453 290,000 207,612 497,612 2007 103,806 2007 103,806
2008 454-514 305,000 193,476 498,476 2008 96,738 2008 96,738
2009 515-578 320,000 178,606 498,606 2009 89,303 2009 89,303
2010 579-646 340,000 163,006 503,006 2010 81,503 2010 81,503
2011 647-717 355,000 146,432 501,432 20/1 73,216 2011 73,216
2012 718-792 375,000 129,126 5fl4,126 2012 64,563 2012 64,563
2013 793-871 395,000 110,750 505,750 2013 55,575 2013 55,375
2014 872-955 420,000 91,000 511,000 2014 45,500 2014 45,500
2015 956-1043 440,000 70,000 510,000 2015 35,000 2015 35,000
2016 1044-1136 465,000 48,000 513,000 2016 24,000 2016 24,000
2017 1137-1235 495,000 24~750 519,750 2017 12,375 2017 12,375
$ 5,665.000 $ 2.868.516 $ 8.533.516 $ 1.434.258 $ 1.434.258
Debt service is payable from the North Maine Water and Sewer Fund.
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VILLAGE OF GLENVIEW, ILLINOIS
Long-Term Debt Requirements
Corporate Purpose Notes of 1997
December 31, 2000
Issue September 2, 1997
Maturity September 1, 2019
Authorized Issue $2,850,000
Denomination of Bonds $1,425,000
Rate 4.942%
Date September 1
Principal Maturity Date September 1
Payable at North Suburban Public Utility
Overland Park, Kansas
CURRENT AND FUTURE PRiNCIPAL AND INTEREST REQUIREMENTS
Fiscal Requirements
Year Principal Interest Totals
2001 $ 86,121 $ 129,256 $ 215,377
2002 90,384 124,993 215,377
2003 94,852 120,525 215,377
2004 99,539 115,838 215,377
2005 104,459 110,918 215,377
2006 109,621 105,756 215,377
2007 115,039 100,338 215,377
2008 120,725 94,652 215,377
2009 126,691 88,686 215,377
2010 132,952 82,425 215,377
2011 139,523 75,854 215,377
2012 146,419 68,958 215,377
2013 153,655 61,722 215,377
2014 161,249 54,128 215,377
2015 169,219 46,158 215,377
2016 177,582 37,795 215,377
2017 186,359 29,018 215,377
2018 195,569 19,808 215,377
2019 205t234 10t143 215~377
$ 2.615.192 $ 1,476,971 $ 4,092.163
Debt service is payable from the North Maine Water and Sewer Fund.
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VILLAGE OF GLENVIEW, ILLINOIS
Long-Term Debt Requirements
General Obligation Bond Series of 1998A
December 31, 2000
Date of Issue November 1, 1998
Date of Maturity December 1, 2018
Authorized Issue $10,000,000
Denomination of Bonds $5,000
Interest Rates Bonds Rate
1-139 4.10%
140-389 4.15%
390-661 4.20%
662-957 4.25%
958-1278 4.30%
1279-2000 4.35%
Interest Dates June 1 and December 1
Principal Maturity Date December 1
Payable at American National Bank and
Trust Company of Chicago
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Tax Levy -Interest Due on
Year Principal Interest Totals Tune 1 Amount Dec. 1 Amount
2001 $ $ 426,440* $ 426,440 2001 $ 213,220 2001 $ 213,220
2002 426,440 426,440 2002 213,220 2002 213,220
2003 426,~t0 426,440 2003 213,290 2003 213,220
2004 426,440 426,440 2004 213,220 2004 213,220
2005 426,440 426,440 2005 213,220 2005 213,220
2006 426,440 426,440 2006 213,220 2006 213,220
2007 426,440 426,440 2007 213,220 2007 213,220
2008 426,440 426,440 2008 213,220 2008 213,220
2009 426,440 426,440 2009 213,220 2009 213,220
2010 426,440 426,440 2010 213,220 2010 213,220
2011 426,440 426,440 2011 213,220 2011 213,220
2012 695,000 426,440 1,121,440 2012 213,220 2012 213,220
2013 1,250,000 397,945 1,647,945 2013 198,973 2013 198,972
2014 1,360,000 346,070 1,706,070 2014 173,035 2014 173,035
2015 1,480,000 288,950 1,768,950 2015 144,475 2015 144,475
2016 1,605,000 226,050 1,831,050 2016 113,025 2016 113,025
2017 1,735,000 157,035 1,892,035 2017 78,518 2017 78~17
2018 1,875,000 81,563 1,956,563 2018 40~781 2018 40,782
$ 10.000.000 $ 6.614.893 $ 16.614.893 $_ 3.307.447 $ 3.307.446
Note: Interest payments to come from bond proceeds. Debt service is payable from the Debt
Service Fund using monies transferred from the GNAS Redevelopment Ftmd.
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VILLAGE OF GLENVIEW, ILLINOIS
Long-Term Debt Requirements
General Obligation Bond Series of 1998B
December 31, 2000
Date of Issue January 1, 1999
Date of Maturity December 1, 2018
Authorized Issue $24,400,000
Denomination of Bonds $5,000
Interest Rates Bonds Rate
1-514 4.250%
1515-2215 4.375%
2216-2589 4.400%
2590-4880 4.500%
Interest Dates June 1 and December 1
Principal Maturity Date December 1
Payable at American National Bank and
Trust Company of Chicago
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Tax Levy .Interest Due on
Year principal Interest Totals ]une 1 Amount Dec. 1 Amount
2001 $ $ 1,072,824' $ 1,072,824 2001 $ 536,412 2001 $ 536,412
2002 1,395,000 1,072,824 2,467,824 2002 536,412 2002 536,412
2003 1,450,000 1,013,536 2,4&3,536 2003 506,768 2003 506,768
2004 1,510,000 951,911 2,461,911 2004 475,966 2004 475,955
2005 1,575,000 887,736 Z462,736 2005 443,868 2005 443,868
2006 1,640,000 820,799 2,460,799 2006 410,399 2006 410,400
2007 1,7t5,000 751,099 2,466,099 2007 375,550 2007 375,549
2008 1,790,000 676,068 2,466,068 2008 338,034 2008 338,034
2009 1,870,000 597,755 2,467,755 2009 298,878 2009 298,877
2010 1,955,0G0 515,475 2,470,475 2010 257,737 2010 257,738
2011 2,050,000 427,500 2,477,500 2011 213,750 2011 213,750
2012 1,4,50,000 335,250 1,785,250 2012 167,625 2012 167,625
2013 1,000,000 270,000 1,270,000 2013 135,000 2013 135,000
2014 1,000,000 225,000 1,225,000 2014 112,500 2014 112,500
2015 1,000,000 180,000 1,180,000 2015 90,000 2015 90,000
2016 1,000,000 135,000 1,135,000 2016 67,500 2016 67,500
2017 1,000,000 90,000 1,090,000 2017 45,000 2017 45,000
2018 1,000,000 45,000 1,045,000 2018 22,500 2018 22,500
$ 24,400.000 $ 10.067.777 $ 34.467.777 $ 5.033~89 $ 5,033.888
Note: Interest payments to come from bond proceeds. Debt service is payable from the Debt
Service Fund using monies transferred from the GNAS Redevelopment Fund.
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VILLAGE OF GLEN'VIEW, ILLINOIS
Long-Term Debt Requirements
General Obligation Bond Series of 2000
December 31, 2000
Date of Issue December 15, 2000
Date of Maturity December 1, 2008
Authorized Issue $4,970,000
Denomination of Bonds $5,000
Interest Rates Bonds Rate
1-69 4.30%
70-795 4.40%
796-994 4.50%
Interest Dates June 1 and December 1
Principal Maturity Date December 1
Payable at American National Bank and
Trust Company of Chicago
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Bond Tax Levy Interest Due on
Year Numbers Principal Interest Totals tune 1 Amount Dec. 1 Amount
20OI $ $ 210,805 $ 210,805 2001 $ 101,137 2001 $ 109,668
2002 219,335 219,335 2002 109,66~ 2002 109,668
2003 219,335 219,335 2003 109,668 2003 109,668
2004 219,335 219,335 2004 109,668 2004 109,668
2005 1-69 345,000 219,335 564,335 2005 109,668 2005 109,668
2006 70419 1,750,000 204,500 1,954,500 2006 102,250 2006 102,250
2007 420-795 1,875,000 127,500 2,002,500 2007 63,750 2007 63,750
2008 796-994 1~000,000 45t000 1~045,000 2008 22,500 2008 22~500
$ 4.970.000 ~ 1,465,145 $ 6.435.145 $ 728.307 $ 736.838
Note: It is anticipated that the levies associated with this issue will be abated through 2004
transfers from the General Fund. The bond proceeds will be used for infrastructure
improvements throughout the Village.
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VILLAGE OF GLEN-VIEW, ILLINOIS
Property Tax Assessed Valuations, Rates, Extensions, and Collections
Last Ten Fiscal Years
December 31, 2000
(See Following Page)
VILLAGE OF GLENVIEW, ILLINOIS
Property Tax Rates - Direct and Overlapping Governments
Last Ten Fiscal Years
December 31, 2000
(See Following Page)
VILLAGE OF GLENVIEW, ILLINOIS
Schedule of Legal Debt Margin
December 31, 2000
Article VII, Section 6(k) of the 1970 Illinois Constitution governs computation of the legal debt
"The General Assembly may limit by law the amount and require referendum
approval of debt to be incurred by home rule municipalities, payable from ad valorem
property tax receipts, only in excess of the following percentages of the assessed value
of its taxable property... (2) if its population is more than 25,000 and less than 500,000
an aggregate of one per cent: . . . indebtedness which is outstanding on the effective
date (July 1, 1971) of this constitution or which is thereafter approved by referendum.
·. shall not be included in the foregoing percentage amounts."
To date, the General Assembly has set no limits for home rule murricipalities.
149
VILLAGE OF GLENVIEW, ILLINOIS m
Demographic Statistics
Last Ten Fiscal Years I
December 31, 2000
!
Education
Level in m
Per (1) Years of (2) (3)
Fiscal (1) Capita Median Formal School Unemployment
Year Population Income Age Schooling Enrollment Percentage I
1991 38,437 $ 24,838* 35.5 16.6 3,015 4.4
1992 38,437 30,531' 37.5 16.4 5,887 5.0 m
1993 38,437 31,469, 37.5 16.5 5,937 5.0 I
1994 38,437 32,161, 37.5 16.5 6,023 3.7
1995 38,437 33,144, 37.5 16.5 8,461 3.1 m
1996 38,437 34,037. 37.5 16.5 8,590 3.0 i
1997 38,437 34,886, 37.5 16.5 8,676 2.6
1998 38,437 35,578, 37.5 16.5 9,315 2.5 [
1999 38,437 36,315, 37.5 16.5 9,241 2.3 I
2000 41,847 37,566, 37.5 16.5 9,241 2.5
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* Estimate
Data Sources [
(1) U.S. Department of Commerce, Bureau of the Census. I
(2) Includes elementary and high school students.
(3) lllinois Depai hi,ent of Labor, Illinois Department of Employment Security (not seasonably m
adjusted).
152
VILLAGE OF GLENVIEW, ILLINOIS
Miscellaneous Statistics
December 31, 2000
Date of Incorporation June 20,1899
Form of Government Council-Manager
Geographic Location 20 Miles North of Chicago
Area 13 Square Miles
Population
195001 6,142
19601~) 18,132
1970~t~ 24,880
1980o) 32,060
19900~ 38,437
20000~ 41,847
Number of Total Housing Units (1993 Census) 11,399
Median Value Owner-Occupied Noncondominium Housing Units $ 252,640
Distribution of Owner-Occupied
Noncondominium Houses by Value
(1993 Census)
Unit Value by Range (1) Unit Distribution
Number Percent
Under $100,000 378 4%
100,000 - 199,999 3,359 35
200,000 - 299,999 2,805 29
300,000 or More 3,000 32
9,542 100%
0~ The above information from the Bureau of the Census.
(Continued)
154
VILLAGE OF GLENVIE-vV, ILLINOIS
Miscellaneous Statistics
December 31, 2000
Fire Protection
Number of firefighters 82
Number of stations 3
Number of fire hydrants 2,300
I.S.O. rating Class 3
Police Protection
Number of police officers 75
Number of school crossing guards 18
Number of stations
Library Services
Number of libraries 1
Number of books 255,450
Number of records 3,153
Number of audio cassettes 8,623
Number of slides (sets) 367
Number of video tapes 8,771
Number of compact discs 9,882
Number of registered borrowers 37,381
2000 book circulation 700,760
Recreation Facilities
Number of parks and playgrounds 36
Park area in acres - Park District owned 447
Park area in acres - Park District leased 135
Municipal Parking Facilities
Number of parking spaces 1,168
Waterworks Operations
Number of sewer customers served during fiscal year 9,518
Number of metered water customers at December 31, 2000 14,953
Number of unmetered water customers at December 31, 2000
Gallons of water purchased during fiscal year 3,033,150,000
Gallons of water billed during fiscal year 2,760,130,000
Water storage capacity
Ground Storage 8,500,000 gallons
Elevated Storage 1,000,000 gallons
(Continued)
155
VILLAGE OF GLENVIEW, ILLINOIS
Miscellaneous Statistics
December 31, 2000
Number of full time employees (on December 31, 2000) 322
Miles of streets maintained by Glenview
identified by functional classification:
Arterial 7
Collector 5
Residential 106
Cul-de-sacs 12
Total 13~0
Miles of streets maintained by Glenview
identified by surface type:
Asphalt 92
Concrete 38
Total 130
Miles of alleys maintained by Glenview 2.2
Miles of streets within the Village of
Glenview maintained by Cook County 22
or the State of Illinois
Miles of sanitary sewers 80.6
Miles o[ storm sewers 74
Number of Village-owned street lights 465
Building activity
Number of permits issued in 2000 2,109
Value of construction authorized in 2000 $ 343,039,232
156
VILLAGE OF GLENVIEW, ILLINOIS
Major Corporate Fund Revenue Sources
Non-Real Estate Tax
December 31, 2000
% of % of % of
Fiscal Sales Total Utility Total Income Total
Year Tax Revenue Tax Revenue Tax Revenue
1991 $ 3,358,151 28.5% $ 2,687,159 22.8% $ 1,605,474 13.6%
1992 3,608,071 26.7 2,744,525 20.3 1,651,925 12.2
1993 4,188,116 29.4 2,876,149 20.2 1,966,124 13.8
1994 4,438,932 24.4 2,512,867 13.8 2,157,707 11.9
1995 4,843,071 25.3 2,935,696 15.3 2,266,279 11.8
1996 4,661,985 23.6 3,099,365 15.7 2,656,744 13.4
1997 4,794,830 21.1 3,184,812 14.0 2,483,946 10.9
1998 5,092,357 20.9 3,340,555 13.7 2,666,003 10.9
1999 5,758,617 23.0 3,262,725 13.0 2,740,281 11.0
2000 6,522,922 23.7 3,712,583 14.5 2,990,432 10.9
Note: Includes General Fund only.
158
VILLAGE OF GLENVIEW
Cook County, Illinois
ANNUAL FINANCIAL INFORMATION
STATEMENT OF INDEBTEDNESS
Amount As Per Cent of Per Capita
Applicable as of Assessed Es~imated (20~0 Census
Dec. 31.20~0 Value True Value POD. 4t.847)
Assessed Valuation of Taxable Real Property, 1999 ............ $1,246,20~552 100,00% 33.33% $2~,780.12
Estimated Tree Value of Taxable Real Ptopech/, 1999 ........... 3,73&62.~656 300,00~ f00.00% ~,340.35
Direct General Obligation Bonded Debt(l):
Payable from Property Taxes .......................... $ 12,468,300 1.00% .33% $ 297.95
S~lf-Supperfing Debt ................................ 50.461.700 4.05% 1.35% 1 ~05.86
Total Direct Bonded Debt .......................... $ 62,930,000 5.05% 1.68% $1,503.81
Overlapping Bonded Debt Payable from Property Taxes(2):
Schools ......................................... $ 18,164,843 1.46% ,48% $ 434.08
Other Than Schools ................................. 41,724,194 3.35% 1.12% 997.06
Total Overlapping Bonded Debt ...................... $ 59.889.037 4.81% 1,60% $ 1,431.14
Total Direct and Overlapping Bonded Debt .................... $ 122.819.037 9.86% 3.28% $ 2,934.95
Total Direct and Overlapping Excluding Self-SuppoSing ....... $ 72,357,337 5.81% 1.93% $1,729.09
Notes: 1. The Village i~ a hcme-ruta unit under the 1970 Illinois ConsEtotton and as such has no debt limit nor is it requi~ed to seek referendum approval tor
the issuance of general obtigatlen debt. See "Re~rement Schedule of Outsionding Village General Obtigat~on Debt" tor a listing of the Vi#age 's non-
general obl~jation debt and currently outstanding general obtige~on debt. Of the Vi#age's general obl~gatlen debt SO.2% or $50, 461, 7OO is considered
self-suppor~ng.
2. See "Detailed Overlapping Bonded thdeb~edness Payolas From Properly Taxes at December 31, 2000 ~
RETIREMENT SCHEDULE OF OUTSTANDING VILLAGE GENERAL OBLIGATION DEBT(Note 1)
(As of December 31,2000)
Principal Amounts Debt Service
Paid From Self Support/hq With Projected Abe~ement From Tax Levies
Property Taxes Water and Bewer Funds~2} Tax Increment Revs, ltl Total From
Due Pre Series Series Se~s Sedes Sedes Series Series Cumul. Levy P~oparty
12-1 2000 (3~ 2000 1992(41 1994(51 1997(6~ 1996 1998 Amount Percent Year Taxes
2001 $1,403,400 $ - 0 - $ 125,000 $ 451,600 $ 215,000 $ 735,000 $ - 0 - $ 2,930,000 4.7% 2000 $1,959,314
2002 1,493,000 - 0 - 130,000 457,000 225,000 775,000 1,395,000 4,475,000 11.8% 2001 1,990,780
2003 1,587,600 - 0 - 145,000 127,400 240,000 810,000 1/150.000 4,360,000 18.7% 2002 2,024,612
2004 1,669,300 - 0 - 150,000 130,700 250,000 850,000 1,510,000 4,560,000 25.9% 2003 2,031,031
2005 1,345,000 345,000 160,000 - 0 - 260,000 895,000 1,575,000 4,580,000 33.2% 2004 1,972,551
2006 - 0 - 1,750,000 170,000 275,000 945,000 1.640,000 4,780,000 40.8% 2005 1,954,500
~2(~7. 1,875,000 180,000 290,000 995,0~0 1,715,000 5.055,000 48.8% 2006 2,002,500
1,000,000 195,00~ 305,000 1,050,000 1,790,000 4,340,0~0 55.7% 2007 1,045,000
~ - 0 - 210,000 320,000 - 0 - 1,870,000 2,400,000 59.6%
220,000 340,000 1,955,000 2,515,000 63.5%
2011 235,000 355,000 2,050,000 2,640,000 67.7%
2012 255,000 375,000 2,145,000 2,775,000 72.2%
2013 - 0 - 395,000 2,250,000 2,645,000 76.4%
2014 .. 420,000 2,360,0(30 2,780,000 80.8%
2015 .. 440,000 2,480,000 2,920,000 85.4%
2016 .. 465,000 2,605,000 3,070,000 90.3%
2017 .. 495,000 2,735,000 3,230,000 95.4%
2018 - 0 - 2.875.000 2,875,000 100.0%
$7,498,300 $4,970,000 $2,175.000 $1,166,700 $5,665,000 $7,055,000 $34,400,000 $62,9G0,000
Notes: 1. Exc~udes $2~615~19~ n~ta payabta to annua~ peyment$ ~f $215~377 t~ the se~~ers ~f the uti~ity c~mpany that was acquired in Septamber~ 1997. The
$953,815 l~incipal amount of special service area bonds, the proceeds of which ha ve been used for vaheus neighberh~od Iocal improvements and which
are secured by property taxes to be/eH'ed in the applicable special service areas, is shown as overlapping debt in the table "Detailed Overlapping Bonded
Indebtadne~s Payab~ From Property Taxes".
Z As a home rule unit under the 1970 it//nots Cons#'tutian, the Village has no debt limit and it can issue general obi/gabon bonds without referendum. The
Village has chosen to ~nd various watarisewer improvements with general obliga¢on bonds and abate taxes from user charges. The Village's water
system serves a population of approximately 100,000 of which approximately 64.000 are outside the Village limits (57,000 in unincorporated areas and
7,000 in the Citizens U~/itles service ama).
3. Includes r~main~Y~g mataittles for the VlTtage's outstanding Series 1993 Bonds, and a po~on of the outstanding Series 1994 issues.
4. The Sedes 1992 Bonds are payable primarily from revenues of the service area of a pdvate water company (Citizens UtiliZes) ou~ide the Village limits.
5. The Village sold $8,040,000 General Obligation Refunding Bonds, Seres 1994 on August 30, 1994. A potion of the issue is payable ~om properly taxes
and the remainder is self-supporting from watedsewer revenues.
6. The Series 1997 Bonds are being paid from water and sewer revenues of a service area outside the Village limits with a population of approximately
40,000.
7. The Series 1996 and Series 1998 Bonds am expected to be paid from thcremental property taxes at Ihs Gtanvtaw Naval Air Station Economic
Devek)pmeot Project Area p/us 80% of the land sale proceeds derived from the V#lege's ~ale of land at the Project Area,
DEBT RATIOS AND PER CAPITA DEBT--LAST TEN BOND SALES (Note 1)
Ra6o to Estimated Actual Value(Il Per Caaita(1)
Direct Debt Direct & Overlaooina Debt Direct & OverlaEmina De~t
Including Excluding Including Excluding Including Excluding
Villaae Issue Self- Self- Self- Self. Self. Self-
SaleDate Amount Suooortlna Suooortinfl(2) Suooortina SuoDorgnaf2) Suooortina Suooortlne(2)
November 19, 1991 ...... $ 4.165,000 .91% .50% 2.64% 2.23% $1,532.82 $129524
April 7. 1992 ........... 2,895,000 1.03% .50% 2.78% 2.25% 1,614.07 1.304.18
May 18, 1993 .......... 7,635,000 123% .77% 3,31% 2.85% 1,962.19 1,690.55
August 30, 1994 ......... 8,025,000(3) .94% 60% 3.00% 2.66% 2229.73 1,978.80
January 25. 1995 ....... 60,000,000(4) .87% .57% 2.98% 2.68% 2,219.67 1,995.53
October 17, 1995 ........ 500,000 .89% .57% 3.17% 2.85% 2,360.61 2,123.34
October 15, 1996 ........ 8,435,000(5) 1.01% .45% 3.18% 2.62% 2,590.75 2.134.53
August 5, 1997 ......... 6,175,000 1.13% .42% 3.15% 2.44% 2,544.13 1,9S9.57
October 20. 1998 ........ 34,400,000(6) 2.12% .37% 3.98% 2.23% 3,125.64 1,752.00
December 5, 2000 ....... 4,970,000 1.68% .33% 3.28% 1.93% 3,109.34 1,831.83
Notes: 1. Ra~os and per capita information as set out in applicable Official Statements. The Village's ~ond Antidpalion Bonds which sold
on January 25, 1995 am not includ~d in these ratios (see Note 4).
2. Exctuding ~ Villege's self-supporfing general obflga~oo bonded debt.
3. ~nal issue amount was $8,040,000. This issue advance refunded the callable matur~es of the Series 1989 and 1990 issue~
4. General Obligation Bond Anticipation Bonds, Sedes 1995 ("BABS") the proceeds of which were used to fund interest up to the
respective maturity dates of the BABS and to create a capital improvement fund for redevelopment costs of the Glenvlaw Naval
Air Station which officially closed on September 0, 1995. The principal amount of the Bond Anticipation Bonds was not included
in the debt ratios and per capita date - when those matuffiios were refinanced with Sedes 1996 and the Series 1998 Bonds, they
5. ProcsedsusedtorefundtheDecemberl, 1996malurtyoftheBABS.
6. AportionoftheproceedsoftheSehes1998BondswasusedtorefundtheDecernber1, 1998matufi~yoftheBABS.
DETAILED OVERLAPPING BONDED INDEBTEDNESS PAYABLE FROM PROPERTY TAXES
AT DECEMBER 31,2000
Percent of Village's Applicable
Village's Share (Note I)
1999 Real of Gross Debt To Be Paid
Property in Gross From Real Property Taxes
SCHOOL DISTRICTS: Taxine Body Bonded Debt Percent Amount
Elementary Districts:
Glenview School District No. 34 ................. 68.2% $ 2.600,000 85.701% $ 2,228226
Nor[hbrook School District No. 30 ................ 12.5% 8,364.641 41.3Q2% 3,454,764
West Northfield School District No. 31 ............. 9.5% 6,615,0(30 24.837% 1,642,968
Wilmeite School District No. 39 ................. 3.1% 5,570,000 4.714% 262,570
East Maine Schcot District No. 63 ................ 2.6% 23,660,000 4.184% 989,934
Golf School District No, 67 ..................... 2.4% 4.800,000 14.470% 694.560
Avoca School District No. 37 ................... 1.7% 3,745,000 7~.01% 269,677
100.0%
High School Districts:
Northfield Township High School District No. 225 ...... 89.7% 18,781,993(3) 35.675% 6,700,476
New Trier Township High School District No. 203 ..... 4.8% 25,155,000(3) 2.329% 585,860
Niles Township High School Dist~ct No. 219 ......... 3.0% 88.941,429 1.340% 1,191.815
Maine Township High School District No. 207 ........ 2.5% 14,285,000 1.008% 143,993
100.0%
Community College District:
Oakton Corm'nuntiy college No. 535 .............. 100.0% - 0 - 9.573% - 0 -
Total School Districts ........................................................... $18.164,843
OTHER THAN SCHOOL DISTRICTS:
Cook County. Including Forest Preserve District ....... 100.0% $1.798,415.000(2) 1.505% $27.066,146
Metropolitan Water Reclamation District ............ 100.0% 819.645,000(2) 1.538% 12.606,140
Gienview Park District ........................ ~9.1% 1206.000(3) 82.518% 995,167
No~thbrook Park District ........................ 4% 17,940,000(3) .344% 61,714
North Maine Fire Protection District ................ 4% 1,830.000 2252% 41~12
Glenview Special Service Areas .................. Various 953,815 100.0~3% 953.815
Total Other Than School Districts ................................................... $41,724,194
Notes: 1. IfL~age'sshambasedupen 1999RealProperlyvaluations.
2.Excludes General Obligation Notes issued in lieu of tax anticipation warrants and notes issued to provide interim
coosk~cfion financing. PJso excludes IEPA loans to the Metropolitan Water Reclamation District.
3.Excludes the following "Alternate Bonds" lasued pursuant to Public Act $5-1419, which ara considered to be serf-
suppo~ng since they are payable from user fees er other ptedged non-properly tax sources: Northfiald Township High
School District No. 225 ~ $29,465,000; New Tder High School Dlatdct No. 203 - $5,700,000; Glenvtew Park District -
$31,950.000 and Northblook Park Dla~ct - $5,855,000.
~0
EQUALIZED ASSESSED VALUATION FOR TAXING PURPOSES (Note 1)
For General Taxina Purooses(Note 1.t For All Taxina Purooses
Tax Gross Less Net For Increase Net For Plus Total For All
Levy Real Exemptions General Taxing Over General Taxing Incremental Taxing
Year Property (2~ Purooses(S} PH0r Year Pur~osss (5) Valuation(7) Pumosesf6)
1995(3) ...... $1,(~16,925,282 $60,905,775 $1,036,019,507 +11.2% $1,036,019,507 $ - 0 - $1,036,019,507
19<36 ........ 1,111,5.54,137 61,245,414 1,050,308,723 +1.4% 1,050,308,723 - 0 - 1,050,308,723
1997 ........ 1,110,128,692 62,350,866 1,047,777,826 -.2%(5) 1,047,777,826 - 0 - 1,047,777,826
1998(3) ...... 1,224,686,771 64,315,730 1,160,371,041 +10.7% 1,160,371,041 - 0 - 1,160,371,041
1999 ........ 1,309,030,170 65,038,497 1~43,991,673(4) +7.2% 1,243,991,673 2,216,879 1,246,208,552
Notes: 1. Property in Cook County is separated into eight classifications for assessment purposes (ranging in 1985
from f6% for rosidential to 40% for commercial property). After the assessor establishes the fair market
value of a parcel of land, that value is multiplied by one of the cfasaltication percentages to ar~ve at the
assessedvaluationforthatparcel. TheltiinolsDepartmentofRevenuefurolsheseachcounfywithan
adjustment factor (the equalization factor) to equalize the le~l of assessment between count/es. After the
equalization factor ~s applied, the valuation of the property for taxing purposes has been esta~x rates
are applied to the equa~zed Valua~n.
2. Includes three major categories of exemptions: the Senior Citizens' Homestead Exemption ($7,972,000 in
1999), the Senior Citizens Tax Freeze Homestead Exemption ($4,966,847 in 1999), and the General
HornesteadExemption($52,09g, 650in 1999). TheSeniorCitizens'HornesteadExemption, effoctivefortax
years 1991 and ioliowing, is a reduction of $2,500 ($I, 500 in levy years 1972-1983 and $2,000 in levy yeats
1984-1990) in the equalized assessed valuation of real property owned and occupied by a person 65 yea~ of
age or older. The GeneraI Homestead Exemption is available to owner-occupied restdential property; the
amount of the exemption is the increase in the current yea~s equalized assessed valuation above the 1977
tax year equalized assessed valuation, with a maximum of $1,500 in 1978, $3,000 between 1979 and 1982,
$3,500 between 1983-1990 and $4,500 lhereaflec The Senior Cigzen Tax Freeze Homestead Exemption,
first effestive in lev/y year lgg4, provides that persons 65 or older with a household income of fass than
$40,000 (up from $35,000 in levy year 1998 and pdor) may receive an exemption in the amount of the
ditference between the current equalized assessed value of their pdnalpel residence and the lowest prewees
assessment in a qualifying year, even if the senior was not eligible for some inten/ening yeac
Under the current triennial reassessment system in Cook County, one third of the County is reassessed
each yea~ The Villsge was massessed in 1995 and 1998.
4. By valuation 82 8% of the Village is in Northfield Township, 6 4% is in Niles Townshi 6 1% is in Maine
Townsfap, and 4.7% rs ~n New Ther Township, Includes $123,644 of Railroad Prope/fy now classified as
Real Prope~y.
5. The decrease in equalized assessed valuation was primarily due to a .31% drop in the State-imposed
equalization factor for Ccok County (from Z 1517 in levy year 1996 to 2.1489 in levy year 1997).
6. The Village's tax rate is extended against its entire Equalized Assessed Valuation (shown in this table as
"Total for all Taxing Purposes') excluding only the statutory exemptions. Of the taxes collected, that pad/on
applicable to incremental valuation (valuation of tax increment districts) is remitted to the Village by the
County Collector for deposit in the applicable tax allocation fund. The Equaflzed Assessed Valuation for
which the Village receives its portion of the total tax rate for all non-TIF purposes is shown in this table as
"Net for General Taxing Purposest
7. When the Glenviow navaI Air Station Tax Increment District was created it included the Air Station and an
older industrial area adjacent thereto. As of January 1, 1999 the incremental valuation was added from
changes in that ledustr~l area. Land valuations le that industrial area have increased for a variety of reasons
including the fact the prol~rty beleg adjacent to a major new ~adwey entrance into the redeveleped base and
a new Matra train station.
TAX RATES PER $100 EQUALIZED ASSESSED VALUATION
(Levy Years)
Village of Gtanview: 1995 1996 1997 1998 t999
Bonds and Interest ....................... $ .119 $.125 $ .166 $ .156 $ .'145
Pensions (Police, Fire, IMRF & Social Security) .... 191 .139 .112 .095 .077
Corporate ............................... 353 .422 .457 -409 .430
Total Village(l) ....................... $ .663 $ .687 $ .735 $ .660 $ .652
Cook County (Incl. Forest Preserve) ................ 1.066 1.0F33 .993 .983 .955
Metropolitan Water Reclamation Distr~ct .............. 495 .492 .451 A44 ,419
Glenview S.D. Number 34 ....................... 2.959 3.071 3.188 2.991 2.839
Northit eld Township H.S.D. Number 22.5 ............. 1.899 1903 1.932 1.840 1.870
Oakton Community College Dist. Number 535 .......... 233 .208 .216 205 .203
Glenview Park District .......................... 478 .476 .498 .587 .578
Library(2) ................................... 301 .303 .304 .269 251
North//eld Township and AIl Other ................... 117 .090 .118 .078 .068
Total(3) ............................ $8.211 $8293 $8.435 $8.057 $7/~35
ViSage as a Percent of Total ...................... 8.1% 8.3% 6.7% 8.2% 8.3%
Notes: 1. As a home rule unit under the f 970 Illinois Constttution, the Village has no statutory tax rate limitabbns.
2. Beginning in levy year 1985, the tax rate for Library purposes is cons/de-ed under State law to be a separate levy
from the Village.
3. Tax rate applicable to the largest tax code which represented 43.4% of ~e Village's 1999 tax base and is located in
Northfield Township.
TAX EXTENSIONS AND COLLECTIONS
(Village Purposes Only)
Total Taxes Coltected as
Levy Collection Total Taxes of Al)HI 30. 2001(/)
Year Year Extend~ Amount f2) Percent
1995 ....................... 1996 $6,868,809 $6,890,939 100.32%
1996 ....................... 1997 7,215,620 7247,809 100.44%
1997 ....................... 1998 7,701,167 7,633,895 99.13%
1998 ....................... 1999 7,658,448 7,679,741 100.27%
1999 ....................... 2~00 8,110,825 8.046,681 99.21%
Notes: 1. Source: Cook County Treasurer's Office. Taxes collected, including late payments, are
shown as collections in the year when due regerdless of when ~he collect/on occurs.
The "Amount C<~llected~ is not the same as distdbutions to the Village as ccllections include
taxes paid under p~otast. When the taxes are paid under protest are remit~d, they are not
1993 AND 1998 TAX BASE DISTRIBUTION BY PROPERTY CLASSIFICATION
TEN LARGEST TAXPAYERS
~2
I
GENERAL FUND
I Summary Statement of Revenues, Expenditures and Changes in Fund Balance
(Fiscal Years Ending December 31)
AuditedfNote ~ )
2poo ;OOl
I Revenues~Transfers: 1996 1997 1998 1999 BudRet(2) Actual Budoet(2)
Pmpertytaxes(3) .................... $ 3.567,602 $ 5,098,741 $ 5.421.134 $ 5.088,157 $ 5,869,300 $ 5,628,468 $ 6,992,318
Property Taxes-Fire Protection Disfriot(11)... 1,857,583 2,094,527 2,014,877 2,123,992 2,050.000 1.968,076 1.900,000
Sales Taxes ........................ 4,661,965 4,794,830 5,092.357 5,758,617 5,500.000 6,522,922 6,300,000
Utility Tax ......................... 3,099,365 3.184,812 3.340.555 3,262,725 3,193,230 3,712,583
i State Income Tax/Photo and Use Tax ....... 2,656,744 2,900,650 3,111,9r~4 3,249,388 3,350.000 3.551,020 3.550,000
F~'anchise Taxes ..................... 320,704 333,645 322,468 379,362 370.000 195,2.81 375.000
Hotel Room Tax(4) ................... 698,644 788.672 856,775 803,135 925,000 872,019 825,000
MotorVehicleLicenses ................ 487,784 459.412 5,535 10 - 0 - - 0 - - 0 -
Building Permits/Cert, Of Occup ........... 311,400 817,715 1,069.449 996,745 930,000 1,4,56,765 2,207,505
Other Licenses and Permits ............. 287,904 409,987 250,796 236,925 257,000 280,634 255,000
I Charges For Services ................. 674,151 652.035 1,310,311 741,991 1,983,535 1,280,928 1,976,400
Fines and Fon~eits .................... 239,467 258,230 232.855 281,525 225.000 224,431 250.000
Interest ........................... 231,829 427,039 526.760 478,582 475,000 665,382 475,000
Transfers-In:
Waterworks ...................... - 0 - 471,245 452.814 457.808 500,750 500,750 493.700
I Wholesale Water .................. 115,810 98.275 106,700 102,200 102,000 102,0~0 105.000
The Gle~ Redev./Caretaker ............ 198,357 330,356 33,850 4,000 4,000 4,0(~) 4,000
North Maine Utilities ................ - 0 - - 0 ~ 285.174 381,981 292,674 292,674 307,500
Escrow Deposil Ioterest(5) ............ 157,544 245,864 127,215 194.993 150,000 190,994 175,000
Other .......................... 90,516 112,731 168,898 107.139 118,100 1,327,0~6 151.760
I LandSales ......................... - 0 - - 0 - - 0 - 531.593 1,635,000 295,460 400,000
All Other Revenues ................... 687,950 542.126 795,012 1.075.376 1,622,2~)2 887,172 1,379,500
Total Revenues/Transfers ........... $20,345,339 $24,020,892 $25,525,491 $26,256~Z44 $29,652,841 $29.958,645 $30,872,683
Expenditures/Transfers:
General Government .................. $ 3,958,385 $ 5,468,303 $ 4.824,865 $ 4,854,514 $ 8,40~,556 $ 7,693,301 $ 6,035,998
i Public Safety ....................... 10,,~8,544 11,235,448 11,918,831 12,357~63 13,343,555 13,295,0G1 15,607,665
Highways and Streets ................. 3,475,887 3.944,604 4.094,806 4,774.392 5,328,060 5,100,455 5,792,044
Pensions .......................... - 0 - 617,344 613,170 515.397 424,000 570.574 465,000
SubtotaiExpenditures ................ $17,982,816 $21,265,699 $21,451,672 $22.501,566 $27,505,171 $26,659,361 $27,870,707
Transfers-Out:
i CapitalEquiprnentReplacement(6) ...... 803,431 901.114 965,013 1,024,903 1,001,302 1,001,302 $ 862,095
Capital Projects ................... 311,000 453,000 919,600 1,199,285 4,426,824 3,$10,9G7 2,309,805
Other .......................... 75,773 4,554 - 0 - - 0 ~ - 0 - - 0 - - 0 -
Total Expenditures/Transfers ......... $19,173,020 $22,624,367 $23.336,285 $24,725,754 $32,933,297 $31,271,600 $21,042,607
Revenue Over (Under) Expenditures:
I Before Capital/Transfers ............... $ 949,247 $ 2,362,523 $ 2,750.639 $ 3,754,678 $ 2,147,670 $ 3299,284 $ 3,001,976
AfterCapital/Transfers ................. $ (987,482) $ 1,172,319 $ 1,3,96,525 $ 1,530,490 $(3,280,456) $(1,312,955) $ (169.924)
AdjusfmentstoFundBalance .............. $ (97,749) $ - 0 - $ 19,385 $ - 0 - $ - 0 -
Fund Balance at December 31(7) ........... $ 7,194227 $ 8.366,546 $ 9,782,456 $13.502.152 $12,189,197
Balance Sheet at December 31
I TotalAssets .................... ~14,062,983 $16~538~719 $181218r085 $20,603,066 $20,538,037
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6. The Capital Equipment Replacement Fund (CERF) was estab~hed by ordinance in 1979 with the stated purpose of evening out the annual expend~uras
for major capital expenditures. All of the Village's on-road and off-road equipment, fire, public works, etc., is included. Each Department is charged with
the equivalent of a depreciation charge which is remllt~d in cash to the Capital Equipment Replacement Fund (cer~ed in the Capita/Projects Fund). As
of December 31, 2000, cash and investments in ~e Capital Equ~Oment R~placement Fund totaled $8,796,785.
7. For the fiscal year ended December 31, 1982, the Village changed its property tax revenue recognitfon to conform to the provisions of foterpretation
issued by the National Council on Governmental Acceueb~g under which property tax revenues am recognized to the extent of taxes due and collected
w~hinthecurrentyeac Thecurrentnettaxlavyreceivablaisrec~gnizedinthebalancesheatatongwithac~espondingarn~untofdeferr~drevenue~
8. When~het/llla~echan~edit~p(~itcymgardin9thefe~alofpr~p~rtytaxes~ortheGeneraiFund(Nate3)~itais~de~rratned~increas~h~cashraserv~
ba~ance fo 9~ days ~f w~rking cash~ which~ giv~n the 2~~~ actual n~n capita~ ~xp~nditure$~ t~tals appr~ximate~y $6~664~84~~ This reseme serves as
lasurance sh~u~d the Village face ~uctuati~ns or de~ays la tax payments~ a m~neta~y judgment~ a natora~ disaster~ ~r ~ther fisca~ difficuities~ The Gaseral
Fund "Cash Balance"has dsen from $1,377,554 at December 31, 1985 to $12,206,729 at December 31, 2000 which represented a cash reserve balance
9. Dudng fiscalyear 1989, $725,000 in bend proceeds from the Se~es 1989 Bond Fund (Capital Projects Fund) was transfen-ed to the General Fund for the
purposeofpayingashort-tsrrnr~teferthepurchaseofpropertyforr~dev~opmentpurgoses. OnthebatancesheetatDecember31, 1989, $725,310of
the fund balance was shown as "Resel~ved for Land Held for Resale ", with a corresponding asset shown as "Investment in Land Held for Resale~ Other
reservati~n$ ~f fund balance inc~uded $1~724 for prepaid items and $271~14~ f~r inc~rne tax surcharge attocatlan~ Tbe December 31, 2000 Raserved
amount of $10,000 is for PaS~n House (there ia no longer an amount reserved for 'land held for msala ~.
10. TI3ese funds am avaiisbis for any purpose-the "Designate~" reference is to the sou/ce of revenues that v~re dele/mined by the Vi#age BoarE as nof to be
used for operab~g expenses.
11. On September l, 1992 the Glanbrook Fire Protection Dlatdct was merged into the Glanvlaw Fire Department. The Fire Pmtectfon Distdct continues to
levy property taxes on that part of its tax base outside the Village limits and remits those tax receipts to the Village for sen/ices in the unincorporated ama
that now represents its tax base.
12. T~e General Fund ~Fund Balance" at D~cember 31, 2000 of $12,189, 107 is equal to 43 7% of the $27, 870, 707 Budgeted 2001 General Fund exbend~tores
excluding transfers for capital purposes.
COMBINED STATEMENT--ALL FUNDS(Note 1)
Fund Balances 1996-1999 and Summary 2000 Revenues, Excess Revenues and Fund Balance
(Audited Fiscal Years Ending December 3'1)
Fiscal Year Ended Deceml:~r $1,2000
Revenues Excess
Incl. Transfers Revenues
property Over Fund
Governmental Fund Types: 1996 1997 1998 1999 Tax Total Expenditures Balance
GeneralFund ................ $ 8,366,546 $ 9,782,456 $ 11,971,662 $ 13,502,152 $ 5,828,468 $ 29,958,645 $(1,312,955) $ 12,189,197
Special Revenue Funds:
IMRF ................... $ (505,782)$ (95,236)$ 24,118 $ 72,445 $ 597,772 $ 990,086 $ 157,079 $ 229,524
Motor Fuel Tax ............. 790,881 574,874 427,814 299,213 0 1,151,940 (92,287) 206,926
CableTV ................. 39,403 - 0- - 0 - - 0- 0 * 0- - 0 - - 0 -
Retese and Recycling ........ 297,717 643,865 902,166 1,192,94A 0 1,147,311 205,939 1,398,883
911 Communications ......... 164,510 218,70G 271,111 330,485 0 381,400 67,410 397,895
GNAS Redeveloprnent(2) ...... (316,996) (318,393) (911,2691 (1,385,304) 0 4,512,062 1,389,916 4,612
GNAS Caretaker ............ - 0 - - 0 - 96,304 (31,669) 0 316,602 36,476 4,807
Special Tax Aliocaiton ........ - 0 - - 0 - - 0 - - 0 - 167.092 17.897.215 3,477 3,477
Total Special Revenue ...... $ 469,733 $ 1,023,813 $ 810,244 $ 478,114 $ 764,864 $ 26,396,616 $ 1,768,010 $ 2,246,124
Debt Service Funds ............ 7,493,693 4,416,466 2,388,599 3,651,914 1,923,548 3,849,211 (1,220,670) 2,431,244
Capital Project Funds .......... 62.982.681 48,029,780 25,911,196 84,410,215(10) - 0 - 82,929,189 23.263.021 107.673236
Total Governmental Funds . .. $ 79,312,653 $ 63,252,515 $ 41,081,701 $102,042,395 $ 8,316,880 $143.133,661 $~.,497,406 $124,539,801
Proprietary Fund Type(3,1:
Enterprise Funds:
Waterworks(4) ............. $ 11,739,689 $ 13,020,016 $15,197,166 $ 16,628,339 $ - 0 - $ 6,585,470 $ 38,629 $ 16,666,968
Sewerage(4) .............. 3,116,253 2,978,395 2,975,588 3,888,659 - 0 - 874,217 (92,383) 3,796,276
Wholesale Water(4) ......... 794,012 1,202,966 783,437 759,400 - 0 - 1,468,681 (25,848) 733,552
North Maine Water and Sewer(4). - 0 - (109,569) (266,5591 (110,109) - 0 - 5,076,400 (311,730) (421,839)
Commuter Parking Lot ........ 160,485 97.297 128.026 194.545 - 0 - 217,331 46,0.50 240.595
Total Enterprise Funds ...... $ 15,810,439 $ 17,189,105 $ 18,817,658 $ 21,360,834 $ - 0 - $ 14222,099 $ (345,282) $ 21,015,552
internal Service Funds:
Municipal Equipment Repair(5) .. $ 27,996 $ 5,043 $ (38,354 $ 144,454 $ - 0 - $ 1,022,497 $ 81,144 $ 225,598
Insurance ................. 2.466.284 3,056,542 3,407,267 3.847.080 - 0 - 3.046.874 i113.749~ 3,73.~,331
Total lntemal Service Funds .. $ 2.494.280 $ 3,061,585 $ 3,368,913 $ 3,991,534 $ - 0 - $ 4.069.371 $ i32.605~ $ 3,9~,929
Total Proprietary Funds ..... $ 18,304,719 $ 20250,690 $ 22,186,571 $ 25,352,3~8 $ - 0 - $ 18,291,470 $ (377,887) $ 24,974,481
Fiduciary Fund Types(6):
Escrow Deposit(7) ............ $ - 0 - $ - 0 - $ 120,593 $ 124,782 $ 0 $ 215,373 $ 24,379 $ 149,161
Deposit .................... 22,900 26,536 29,880 36,080 0 10,327 10,327 46,407
Police Deparb'nent Special Account . 15,393 5,233 13,824 14,847 0 10,818 10,818 25,665
Police Pension ............... 17,597,082 23,553,282 27,211,246 25,629,270 0 4,401,739 3,527,905 29,157,175
Fire0ghters' Pension ........... 31.848.864 34,502,380 37.887.879 36.747.303 0 4.508.798 3,419,586 40.166.889
Total Fiduciary Funds ....... $ 49,484,239 $ 58,087,431 $ 65,263,422 $ 62,552,282 $ 0 $ 9,147,055 $ 6,993,015 $ 69,545~97
Component Unit:
LibtaryFund(8) .............. $ 1.659.047 $ 1,978,641 $ 2.001.851 $ 1.875.071 $ 3.150.828 $ 3.573.000 $ (184,388) $ 1.690.683
TntalAIIFunds(MemoOnly) .. $148,760,658 $143,569,277 $130,533,545 $191,822,116 $11,467,708 $174,145,186 $28,928,146 $220,750,262
Cash and Investments at December 31: 1996 1997 1998 1999 2000
GeneralFund ................ $ 6,629,833 $ 9,195,386 $ 8,450,797 $ 10,356,035 $ 12,206,729
Spatial Revenue Funds ......... 1,081,476 1,404,442 1,985,39G 1,877,420 2,160,449
Debt Service Funds ............ 7,708,320 4,414,215 2,478,605 3,653,017 2,427,557
Capital Project Funds:
Capital Equipment Replacern~qt . 5,996,561 6,153,619 7,605,563 7,646,046 8,796,785
GNAS Project .............. 52,723,225 37,011,215 15,905,125 59,529,350 63,020,910
All Other Capital Projects ...... 6,030,685 6,843,348 8,424,916 26,006,852 45,522,529
Proprietary Funds ............. 4,053,812 6,662,930 9,763,531 9,563,407 8,943,705
Fiduciary Funds(6) ............ 52,779,240 62,850,801 69,765~91 66,375,530 73,801,575
Component Unit - Library Fund(8) .. 1.674.093 2,101,093 2.166.954 1.988.069 1,559,164
Total Cash and Investments(g). $138,677,245 $136,637,049 $126,546,175 $186,995,726 $218,439,403
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Notes: I. These condensed financial ststements for the years ending December 31, 1996-2000 have been pmpared from the fuil Comprehensive Annual
Fthanclal Reports of the Viilage of Glanvlaw and do not purpo~t to be completo audits. The full financibl statsreents, together wfih the report of
the Village's independent accountants, are available upon request. The accounting policies of the Village conform to generally accepted
accounilng principles as applicable to gevemmental units. The accounts of the Vi#age am organ~ed on the hesis of funds and account groups,
each of which is considered a separate accounllng entity. The various funds are grouped into the three broad calago#es of Governmental
Funds, Fiduciary Funds and Prop#e~ary Funds. V~rithin the Governmental Funds are the General Fund (the general operation fund) which is
used to account for ail financibl resources except those required to be accounted for in ar~ather fund; Special Revenue Funds ~/flich are used to
account for the proceeds of specific revenue sources that are fogbliy restdctsd to expenditures for specified purposes; Debt Sen4ce Funds; and
Capital Project Funds. All governmental funds and expendable trust funds are accounted for using a current finanblal resources measurement
focus which has only curt'ant assets and current liabilities on the balance sheet and operab~j statements p~essnt increases and decreases in net
current assets. All propdatary funds and pension trust funds are accounted for on a flow of economic resources measurement focus with all
assets and liabilities associated with the operation of these funds included on the balance sheets and fund equity segregated into contributed
caplla~ and retained earnings-~per~tthg statemenbl present increases and decreases in nat tota~ assets~ The modified accrual basts of
accounting is followed for afi Governmental Fund Types and Expendable Trust Funds (in the Fiduc ary Funds category). All remaining
Fiduciary Funds (Pension Trust Funds) and Proprietary Funds are accounted for using the accrual basis of accounting. The "Report of
thdependent Auditors" in the Village's general purpose financial statements for its fiscal year ended December 31, 20~0 included the following
language (comparable "clean" opinier~ were included in the Village's fggE-1999 audits shown in this table):
n our opinion, the generalpu~ose financfal sYatements referred to above present faaty, ~n alt matenal respects, the financ~a position of
the Village of Glanview, Illinois, as of December 31, 2000, and the resufis of its operations and the cash flows of its prophetsry fund types
for the year then ended in conformky with generally accepted accounllng principles. Also, in our opinion, the combinieg, th~'vidubl fund,
and account group financial statements referred to above pmsent fuidy, in eli material respects, the financial position of each of the
individual funds and account groups of the Village of Gienview, Illinois, as of December 31, 2000, and the results of operations of such
funds and the cash flows of individual proprietary funds for the year then ended and the financial position of the General Fund as of
Decemher 31, 19~9 and the resuits ~f ~perail~ns for the year then ended~ in c~of~m~ily with genera#y accepfod acc~un~tg pdnc~p~es~"
2. The Glenvlaw Naval Air Station Redeve~pmont Fund was created to account for the resources and expenditures iecumed in the deve~pment of
the Glanv~w Naval Air Base land which was vaca~d by the Navy on September 9, 1995.
3. The amounts shown as fund balances for the Propdatary Funds are retained earnings (excludes contdbulad capital) and the amounts shown as
FIXED ASSETS AT DECEMBER 31,2000
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