HomeMy Public PortalAbout1991 Comprehensive Annual Financial ReportI
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COMPREHENSIV
ANNUAL
FINANCIAL REPORT
FOR THE
FISCAL YEAR ENDED
DECEMBER 31, 1991
PREPARED BY
DENNIS M. LAUER
DIRECTOR OF FINANCE
VILLAGE OF GLENVIEW
ILLINOIS
TABLE OF CONTENTS
INTRODUCTORY SECTION
Principal Officials
Organization Chart
Village Manager's Letter of Transmittal
Director of Finance's Letter of Transmittal
Certificate of Achievement for Excellence in
Financial Reporting
FINANCIAL SECTION
INDEPENDENT AUDITOR'S REPORT
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - Ail Fund Types
and Account Groups
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances - Ail Governmental
and Fiduciary (Expendable Trust) Fund Types
Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual -
General, Special Revenue, and Debt Service Fund
Types
Combined Statement of Revenues, Expenses, and
Changes in Retained Earnings/Fund Balances -
Ail Proprietary and Fiduciary (Pension Trust)
Fund Types
Combined Statement of Cash Flows - Ail Proprietary
Fund Types
Notes to the Financial Statements
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8151
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
COMBINING. INDIVIDUAL FUND, AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
GOVERNMENTAL FUND TYPES
GENERAL FUND
Corporate Fund
Financial Statements Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Supplemental Schedules
Schedule of Revenues - Budget and Actual
Schedule of Expenditures - Budget and Actual
SPECIAL REVENUE FUNDS
Ail Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Library Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Supplemental Schedules
Schedule of Expenditures - Budget and Actual
Federal Revenue Sharing Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Illinois Municipal Retirement Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
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54-55
56-67
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
SPECIAL REVENUE FUNDS (CONT.)
Motor Fuel Tax Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Cable TV Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Supplemental Schedules
Schedule of Expenditures - Budget and Actual
Refuse and Recycling Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
911 Communications Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
DEBT SERVICE FUNDS
Ail Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and Actual
CAPITAL PROJECTS FUNDS
Ail Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
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79
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82
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT,)
PROPRIETARY FUND TYPES
ENTERPRISE FUNDS
All Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings
Combining Statement of Changes in Contributed
Capital
Combining Statement of Cash Flows
Waterworks - East Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Schedule of Fixed Assets and Depreciation
Waterworks - West Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Schedule of Fixed Assets and Depreciation
Sewerage Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Schedule of Fixed Assets and Depreciation
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
ENTERPRISE FUNDS (CONT.)
Commuter Parking Lot Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Schedule of Fixed Assets and Depreciation
INTERNAL SERVICE FUNDS
Ail Funds
Financial Statements
Combining Balance Sheet
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings
Combining Statement of Cash Flows
Municipal Equipment Repair Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Insurance Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
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100
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106
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT,)
FIDUCIARY FUND TYPES
TRUST AND AGENCY FUNDS
All Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and Changes
in Fund Balances (Expendable Trust Funds)
Combining Statement of Revenues, Expenses, and Changes in
Fund Balances (Pension Trust Funds)
Pension Trust Funds
Police Pension Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Fund Balance - Budget and Actual
Ftrefighters' Pension Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Fund Balance - Budget and Actual
Amencv Funds
Combining Statement of Changes in Assets and Liabilities
ACCOUNT GROUP~
GENERAL FIXED ASSETS ACCOUNT GROUP
Supplemental Schedules
Schedule of General Fixed Assets - by Source
Schedule of General Fixed Assets - by Function
and Activity
Schedule of Changes in General Fixed Assets -
by Function and Activity
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Supplemental Schedules
Schedule of General Long-Term Debt
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113
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115
116
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT,)
SUPPLEMENTAL DATA
Required Supplementary Information
Analysis of Funding Progress
Illinois Municipal Retirement Fund
Police Pension Fund
Firefighters' Pension Fund
Revenues by Source
Illinois Municipal Retirement Fund
Revenues by Source and Expenses by Type
Police Pension Fund
Fireftghters' Pension Fund
Combined Schedule of Cash and Investments
Schedule of Insurance in Force
Long-Term Debt Requirements
General Obligation Library Bond Series of 1984
Corporate Purpose Bond Series of 1977
Corporate Purpose Bond Series of 1979
Corporate Purpose Bond Series of 1987
Corporate Purpose Bond Series of 1989
Corporate Purpose Bond Series of 1990
Corporate Purpose Bond Series of 1991
STATISTICAL SECTION
General Governmental Revenues by Source - Last Ten Fiscal Years
General Governmental Expenditures by
Function - Last Ten Fiscal Years
Property Tax Assessed Valuations, Rates, Extensions,
and Collections - Last Ten Fiscal Years
Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years
Property Tax Rates - Direct and Overlapping Governments -
Last Ten Fiscal Years
Ratio of Net General Obligation Bonded Debt to Assessed
Value and Net General Obligation Bonded Debt Per
Capita - Last Ten Fiscal Years
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135
136
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TABLE OF CONTENTS (CONT.)
STATISTICAL SECTION (CONT,)
Schedule of Direct and Overlapping Bonded Debt
Schedule of Legal Debt Margin
Ratio of Annual Debt Service Expenditures for General
Obligation Bonded Debt to Total General Governmental
Expenditures - Last Ten Fiscal Years
Schedule of Revenue Bond Coverage - Last Ten Fiscal Years
Demographic Statistics - Last Ten Fiscal Years
Construction, Building Permits, and Bank Deposits - Last
Ten Fiscal Years
Principal Taxpayers
Miscellaneous Statistics
Municipal Services and Facilities
Ten Wealthiest Illinois Communities - 1980 Census
Salaries and Surety Bonds of Principal Officials
Major Corporate Revenue Sources
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VILLAGE OF GLENVIEW, ILLINOIS
PRINCIPAL OFFICIALS"
DECEMBER 31, 1991
LEGISLATIVE
VILLAGE BOARD OF TRUSTEES
James W. Smirles, President
Ralph D. Lynch Nancy Firfer
Kent B. Fuller Charles K. Esler
David G. McGreery Joyce ~. Kustra
Mary L.
Paul T. McCarthy
Clerk/Treasurer
EXECUTIVE
Paul T. McCarthy, Village Manager
FINANCE DEPARTMEN~
Dennis M. Lauer, Director of Finance
Reibel, Assistant Director of Finance
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ORGANIZATIONAL CHART
l" ELECTORATE
1
4 YR. 11RM
4 YR. TERM
OIRICTOR OF
OEVELOPMENT
~OLJCE
FIRE DIRE~FO# OF DIRECTOR O~ DIREC'TO~ OF
CHIEF FINANCI IIIERI43NNIL PUBLIC: WORKS
BOAROR ANO ~(dNISmONl AIB~QMTiI0 Iv TUl
ANO IOARo OF TRU~Tlll
PQLICI PINMON BQAIIO
ZONIN~ Io~JqO MB AIqB~ALi
ELICTRICAL GOllliilON
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[LEnV, IEW
1225 WAUKEGAN ROAD
GLENVIEW, ILUNOI$ 60025-3071
April 30 1992
Honorable President and
Members of the Board of Trustees
Village of Glenview
Gentlemen:
In accordance with state statutes and local regulation, I hereby
transmit the comprehensive annual financial report of the Village
of Glenview as of December 31, 1991 and for the fiscal year then
ended. Responsibility for both the accuracy of the presented
data and the completeness and fairness of ,the presentation, in-
cluding all disclosures, rest with the Village. Management
believes that the data, as presented, is accurate in all material
aspects; that it is presented in a manner designed to fairly set
forth the financial position and results of operations of the
Village as measured by the financial activity of the various
funds. Disclosures necessary to enable the reader to gain maxi-
mum understanding of the Village's financial affairs have also
been included.
In developing and evaluating the Village's accounting system,
consideration is given to the adequacy of internal accounting
controls. Internal accounting controls are discussed by the
Director of Finance in his accompanying letter of transmittal,
and within that framework, I believe that the Village's internal
accounting controls adequately safeguard assets and provide
reasonable assurance of proper recording of financial transac-
tions.
This report has been prepared following the guidelines recom-
mended by the Government Finance Officers Association of the
United States and Canada. The Government Finance Officers As-
sociation awards Certificates of Achievement to those governments
whose comprehensive annual financial reports are judged to con-
form substantially with high standards of public reporting in-
cluding generally accepted accounting principles promulgated by
the Government Accounting Standards Board. It is my belief that
the accompanying financial report meets the program standards and
it will be submitted to the Government Finance Officers Associa-
tion for review. The Village of Glenview has held a certificate
for the last nine consecutive fiscal years.
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In accordance with the above mentioned guidelines, the accompany-
ing report consists of three parts:
1. Introductory section, a letter of transmittal from the Direc-
tor of Finance.
2. Financial section, including the financial statements and
supplementa~ data of the government accompanied by our independ-
ent auditor s opinion.
3. Statistical section, including a number of tables of un-
audited data depicting the financial history of the Village for
the past ten years, information on overlapping governments, and
demographic and other miscellaneous information.
State law required that the financial statements of the Village
of Glenview be audited by a certified public accountant selected
by the Board. This requirement has been complied with, and our
auditor's opinion is included in the financial section of this
report. Of concern to the Village of Glenview, as well as all
sectors, is the impact of the sagging economy on our budget.
Revenue projections must be monitored constantly to provide the
Board advance notice in the event the revenue patterns change.
The Director of Finance is entrusted with the responsibility of
evaluation and reporting on the financial condition of the Vil-
lage.
The preparation of this annual financial report could not have
been accomplished without the dedicated effort of Dennis Lauer
and his entire staff. Their efforts over the past year maintain-
ing the accounting and financial reporting systems of the Village
of Glenview have continued to improve the quality of the informa-
tion being reported to the Board of Trustees, state oversight
boards, and the citizens of Glenview.
Respectfully submitted,
Faul T. McCarthy
Village Manager
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The Village is required to undergo an annual single audit in confor-
mity with the provisions of the Single Audit Act of 1984 and U.S. Of-
fice of Management and Budget Circular A-128, Audits of ~.tate and Lo-
cal Governments. Information related to this single audit, including
the schedule of federal financial assistance, findings and recommen-
dations, and auditor's reports on the internal control structure and
compliance with applicable laws and regulations, are included in a
separately issued Single Audit Report.
ECONOMIC CONDITION AND OUTLOOK
The Village has moved into a period of slow growth. A decline in an-
nexations and new construction both contribute to a slowly expanding
tax base. In my opinion the Village should be able to continue with
its policy of keeping the tax rate as near to sixty-five cents as
possible, while at the same time realize increases in the real es-
tate tax collections.
Over the last several years the largest source of revenue to the Cor-
porate Fund has been sales tax. During that period of time,
automobile sales have accounted for just over forty percent. An ad-
ditional automobile dealership was opened in 1991. The new dealer-
ship should make a significant impact on the Village's sales tax
revenue. However, auto sales in general are down. The total collec-
tions for 1991 ended the year 10.1% below projected.
Hotel room tax is the Village's newest source of revenue. Several
years ago the Village Board imposed a five percent tax. At that
time, there were only two small moderately priced hotels in the Vil-
lage and the revenue from this source was minor. However, in 1988
the Radisson Suite Hotel opened with two hundred fifty rooms. In mid
1989 the Marriott Courtyard Hotel opened. The Marriott Fairfield Inn
opened in 1990. Hotel room tax is becoming a significant revenue
source. During fiscal year 1992 I plan to make a recommendation that
the Village Board authorize an audit of each hotel to insure com-
pliance with the Village's room tax ordinance.
In March 1992 the Village was awarded, for the third time, a AAA bond
rating by Moody's Investor Service. This prestigious rating will not
only make future bond issues more attractive on the market, it will
save the Village money in the long run because of lower interest
rates.
MAJOR INITIATIVES
For The Year
In 1991 the Glenview Road reconstruction project was completed. The
Village anticipates minor landscaping restoration to be completed in
the spring of 1992. The $11,400,000 project is being financed by the
Village and the Illinois Department of Transportation.
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Glenview's investment policy was written and adopted in 1982. Subse-
quent to that date the policy ha~ undergone several revisions. In
1992 the management staff of the Finance Department will review the
policy to insure it is current with state law and addresses new in-
vestment opportunities available in todays market.
FINANCIAL INFOR__~MATION
Management of the Village is responsible for establishing and main-
taining an internal control structure designed to ensure that the as-
sets of the Village are protected from loss, theft or misuse, and to
ensure that adequate accounting data are compiled to allow for the
preparation of financial statements in conformity with generally ac-
cepted accounting principles. The internal control structure is
designed to provide reasonable, but not absolute, assurance that
these objectives are met. The concept of reasonable assurance recog-
nizes that: (1) the cost of a control should not exceed the benefits
likely to be derived; and (2) the valuation of costs and benefits re-
quires estimates and judgments by management.
BUDGETING CONTROLS
In addition, the Village of Glenview maintains budgetary controls.
The objective of these budgetary controls is to ensure compliance
with legal provisions embodied in the annual appropriated budget ap-
proved by the Village's governing body. Activities of the Corporate
(General) fund, Special Revenue funds, Debt Service funds, Enterprise
fund, and Pension Trust funds are included in the annual appropriated
budget. Project-length financial plans are adopted for the Capital
Projects funds. The level of budgetary control (that is, the level
at which expenditures cannot legally exceed the appropriated amount)
is established at the fund level: The Village also maintains an en-
cumbrance accounting system as one technique of accomplishing
budgetary control. Encumbered amounts lapse at year end. However,
encumbrances generally are reappropriated as a part of the following
year's budget.
As demonstrated by the statements and schedules included in the
financial section of this report, the Village continues to meet its
responsibility for sound financial management.
GENERAL GOVERNMENT FUNCTIONS
The following schedule presents a summary of Corporate (General)
fund, Special Revenue funds, and Debt Service funds revenues for the
fiscal year ended December 31, 1991, and the amount and percentage of
increases or decreases in relation to prior year revenues.
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Increase Percent of
Percent (Decrease) Increase
Revenues Amount of Total from 1990 ~
Taxes $15,378,651 76.6% $1,468,773 10.6%
Licenses and Permits 939,718 4.7 60,844 6.9
Intergovernmental 917,929 4.6 195,323 27.0
Charges for Services 1,275,435 6.3 340,129 36.4
Fines and Forfeits 282,654 1.4 20,254 7.7
Interest 438,045 2.2 83,724 23.6
Miscellaneous 855,294 4.2 ~.190,502) c18.2>
Total
$20,087,726 100.0%
$1,978,545
The most significant increase in revenues, charges for services, was
due to an increase in building permit applications and engineering
fees. The increase in taxes was due to higher property tax, state
income tax and hotel/motel tax. The sales tax revenue was lower
than expected because of the sagging economy and decline in auto
sales.
The following schedule presents a summary of Corporate (General)
fund, Special Revenue funds, and Debt Service funds expenditures for
the fiscal year ended December 31, 1991, and the percentage of in-
creases or decreases in relation to the prior year.
Current
General Government
Public Safety
Highways and Streets
Pension
Culture and Recreation
Debt Service.
Increase Percent of
Percent (Decrease) Increase
Amount of T__q_~ from 1990 ~
$3,281,245 17.9% $488,520 17.5%
6,744,188 36.8 481,340 55.6
2,951,176 16.6 290,018 10.9
1,812,181 9.4 278,854 18.2
1,814,744 9.9 215,340 13.5
Principal Retirement 675,000 3.7 125,000 22.7
Interest & Fiscal Chges 1,036,000 5.7 ~ 14.4
Total
$18,314,534 100.0%
$2,009,624
The large increase in public safety was due to the financial
preparation necessary prior to the merger of the Village of Glenview
Fire Department and the Glenbrook Fire Protection Dis~rict.
~FU.D ~
The fund balance of the Corporate Fund increased by 13 percent in
1991. The $746,086 increase now provides ~he Village with a fund
balance that is the equivalent to 188 working ~aya of expenditures.
IVillage policy is to maintain a minimum of 90 days of working cash
in reserve. Included in the increase in the fund balance are funds
collected for the income tax surcharge that have not been ap-
propriated as of the end of the year.
I ENTERPRISE OPERATIONS
I The Village's enterprise operations are comprised of four separate
and distinct activities: Water Fund East serving the incorporated
areas of Glenview, Water Fund West mainly serving the unincor-
i porated areas, The Sewerage Fund and the Commuter Parking Fund. In
late 1991 the Village Board took action to consolidate both water
funds into one for future operations.
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PENSION TRUST FUND OPERATIONS
The operations of the Police and Firemen's Pension Funds remained
relatively stable in 1991. The revenue increase of 18 percent was
attributable primarily to extraordinary profits earned in 1991. The
annual actuarial valuation continues to reflect a positive trend in
the Village's and employees' funding of the PERS.
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DEBT ~ATION
At December 31, 1991, the Village had a number of debt issues out-
standing. These issues are all general obligation bonds. Under
current state statutes, the Village's general obligation bonded debt
issuances are not subject to a legal limitation based on the
Village's Home Rule powers.
CASH MANAGEMENT
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Cash temporarily idle during the year was invested in demand
deposits, certificates of deposit, and obligations of the U.S.
Treasury. The Pension Trust Pund's investment portfolio includes
mainly zero coupon bonds. The average yield on investments, includ-
ing the Pension Trust Fund, was 5.358 percent. The Pension Trust
Fund achieved a yield rate of 6.347 percent for this same period.
This higher rate of return on pension fund investments is at-
tributable to the long-term nature of most holdings in its
portfolio.
The Village's investment policy is to minimize credit and market
risks while maintaining a competitive yield on its portfolio. Ac-
cordingly, deposits were either insured by federal depository in-
surance or collateral/zed. All collateral on deposits (except for
an immaterial amount) is held by a financial institution acting as a
third party trust agent. All investments held by the Village during
the year, and at December 31, 1991, are classified in the category
of lowest credit risk, as defined by the Governmental Accounting
Standards Board.
RISK MANAGEMENT
The Village of Glenview is involved in two self-insurance pools.
The first pool, Intergovernmental Personnel Eenefit Cooperative
(IPBC), is an organization of twenty-four communities. This or-
ganization provides health coverage and life insurance for a portion
of Village employees. Participation in the IPBC is optional;
employees may also choose to participate in either of two HMO plans.
The Village has been a member of this pool since its formation in
1980.
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Glenview is also a member of the High-Level Excess Liability Pool
(HELP). This pool is made up of fourteen villages. The purpose of
the pool is to provide excess liability protection for its members.
Presently the pool provides five million dollars of insurance. The
lower limit required insurance is one million dollars. Membership
in HELP is an eleven year commitment. Beginning May 1, 1992 the
pool will begin its sixth year of operation.
INDEPENDENT AUDIT
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State statutes require an annual audit by independent certified
public accountants. The accounting firm of Wolf and Company, CPA's
was selected by the Village Board. In addition to meeting the re-
quirements set forth in state statutes, the audit also was designed
to meet the requirements of the federal Single Audit Act of 1984 and
related OMB Circular A-128. The auditor's reports related specifi-
cally to the single audit are included in the separately issued
Single Audit Report.
AWARDS
The Government Finance Officers Association of the United States and
Canada (GFOA) awarded a Certificate of Achievement for Excellence in
Financial Reporting to the Village of Glenview for its comprehensive
annual financial report for the fiscal year ended December 31, 1990.
The Certificate of Achievement is a prestigious national award
recognizing conformance with the highest standards for preparation
of state and local government financial reports.
In order to be awarded a Certificate of Achievement, a governmental
unit must publish an easily readable and efficiently organized com-
prehensive annual financial report (CAFR), whose contents conform to
program standards. Such CAFR must satisfy both generally accepted
accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only.
The Village of Glenview has received a Certificate of Achievement
for the last nine consecutive years. We believe our current report
continues to conform to the Certificate of Achievement program re-
quirements, and we are submitting it to GFOA.
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ACKNOWLEDGMENTS
I The preparation of the comprehensive annual financial report on a
timely basis was made possible by the dedicated service of the en-
i tire staff of the finance department. Each member of the department
has our sincere appreciation for the contributions made in the
preparation of this report.
I In closing, without the leadership and support of the Village Board,
preparation of this report would not have been possible.
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Respectfully submitted,
Dennis M. Lauer
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, 1990
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units a~d public employee retirement
systems whose comprehensive annual financial
reports (CAFR's) achieve the highest
standards in government accounting
and financial reporting.
Executive Director
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INDEPENDENT AUDITOR'S REPORT
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2100 Manchcster Road Suite 1750
Wheaten, Illmois 60187-4569
(708) 665-5900 FAX: (708) 665-8973
INDEPENDENT AUDITOR*S REPORT
The Honorable James W. Smirles, Village President
Members of the Board of Trustees
Village of Glenview, Illinois
We have audited the 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, 1991, as listed in
the accompanying table of contents. These financial statements are the
responsibility of the Village of Glenvtew, Illinois' management. Our
responsibility is to express an opinion on these financial statements based on
our audit.
We conducted our audit 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 misstate-
ment. 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 audit provides 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, 1991, and the results of its operations
and cash flows of its proprietary fund types for the year then ended in
conformity 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, 1991, and the results of operations of such funds and cash
flows of individual proprietary funds for the year then ended in conformity with
generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the general purpose
financial statements and on the combining, individual fund, and account group
financial statements taken as a whole. The accompanying financial information
listed as supplemental and schedules in the accompanying table of contents is
presented for purposes of additional analysis and is not a required part of the
general purpose financial statements of the Village of Glenview, Illinois. Such
information has been subjected to the auditingprocedures applied in the audit
of the general purpose, combining, individual fund, and account group financial
statements and, in our opinion, is fairly stated 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 information listed in the table of contents was
not audited by us and, accordingly, we do not express an opinion thereon.
April 3, 1992
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VILLAGE OF GLENVIEW, ILLINOIS
ALL FUND TYPES AND ACGOUNT GROUPS
COMBINED BALANCE SHEET
DECEMBER 31, 1991
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
ALL PROPRIETARY AND FIDUCIARY (PENSION TRUST) FUND TYPES
COMBINED STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS/FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1991
Fiduciaz~
Pronrletarv Fund Tv~es Fund Tv~e Totals
Internal Pension (Memorandum Only)
Enterprise Service Trust 1991 1990
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Contributions
Interest
Total OperatinE Revenues
Operations
Pensions and Ref~mds
Total Operating Expenses
OperatinE Income
Income before Operating Transfers
OperatinE Transfers In
Operating Transfers (Out)
Net Income
Retained Earnings/Fund Balances
Jamua~y 1
Prior Period Adjustments
Adjusted Ealances
December 31
30,087 30,087 29,393
6,535,806 2,259,896 8,795,700 7,743,995
380,126 360,126 348,781
1,611,781 1,611,781 1,568,429
101.875 05.646 547,128 734.649 208.677
6.637.681 2,3~5,5~0 2,569,122 11.552.343 9.899.275
862,513 862,513 1,033,348
3,559,981 2,160,915 5,8Z0,896 4,817,339
410,511 610,511 376,338
571,201 571,201 548,573
10,224 10.226 9.539
61,784 22,510 84,296 112,793
77,381 77,381 75,000
(225,1~5) (Z~5,145) (369,863)
(4,699) (4,499)
(167,860) 99,891 - (67,969) (184,928)
1,6361816 184.516 1.987.697 3.809.029 2.929.210
75,000 40,345 118,345 117,226
{627,367} (t,lOO} (631,467) (747,20§)
(552,367} (4,100) 43.345 (513.122) (629.979)
1,084,449 108,416 2,031,0&2 3.295.907 2.Z99.23!
10,899,539 850,377 20,195,114 31,965,030 29,657,695
(94,081) (96,081) (11,896)
10,805,458 650,377 20,195t114 31,800.949 29.645.799
111809,907 110307793 22,226,156 35,146~856 311945,030
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VILLAGE OF GLENVIEW, ILLINOIS
ALL PROPRIETARY FUND TYPES
COMBINED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 1991
Cash Flows fro~ Noncapital Financing Activities
Operating Transfers In
Cash Flows fr~ Capital and Related
Financing Activities
Fixed Assets Purchased
Proceeds fr~ Sals of Assets
Principal Paid on General Oblisation Bonds
Interest Paid on General Obli8ation Bonds
Cash Flows from Investing Activities
Decembez 31
1,804,676 84,625 1,888,326 1,683,342
410,511 410,811 376,338
(260,189) 1,238 (258,951) (82,210)
(33,532) 4,100 (29,632) (40,184)
(25,895) (25,895) (5,152)
(1,338)
(86,054) (86,054) (66,505)
170,624 (7,846) 162,778 (117,805)
1,262 1,262 (2,409)
.75,000 7§,000 75,000
(627,367) (4,100) (631,467) (747,205)
(94,081) (94,081) (11,896)
(365,215) (365,215) (618,649)
(906.801) - (906.801) (1.571,235)
453,559 123,910 577,469 (356,617)
1.025.556 342,448 1,368.004 1.724.621
Noncash Investing, Capital, and Financin8 Activities
The Enterprise (Waterworks-East, Waterworks-West and Sewerage) Funds received $3,863,294 in contributions of
7
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. 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
establishing governmental accounting and financial reporting principles.
The more significant of the government's accounting policies are described
below.
A. Reporting Entity
In evaluating how to define the government, for financial reporting
purposes, management has considered all potential component units. The
decision to include a potential component unit in the reporting entity
was made by applying the criteria set forth in GAAP. The basic--but
not the only--criterion for including a potential component unit within
the reporting entity is the governing body's ability to exercise
oversight responsibility. The most significant manifestation of this
ability is financial interdependency. Other manifestations of the
ability to exercise oversight responsibility include, but are not
limited to, the selection of governing authority, the designation of
management, the ability to significantly influence operations, and
accountability for fiscal matters. A second criterion used in
evaluating potential component units is the scope of public service.
Application of this criterion involves considering whether the activity
is conducted within the geographic boundaries of the government and is
generally available to its citizens. A third criterion used to
evaluate potential component units for inclusion or exclusion from the
reporting entity is the existence of special financing relationships,
regardless of whether the government is able to exercise oversight
responsibilities. Based upon the application of these criteria, the
following is a brief review of each potential component unit addressed
in defining the government's reporting entity.
Included within the Reporting Entity:
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. Two
members appointed by the government's President, one elected pension
beneficiary, and two elected police employees constitute the pension
board. The government and PPERS participants are obligated to fund all
PPERS costs based upon actuarial valuations. The state of Illinois is
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. S,,mmary of Significant Accounting Policies (Cont.)
A. Reporting Entity (Cont.)
Included within the Reporting Entity (Cont.):
Police Pension Employees Retirement System (Cont.)
authorized to establish benefit levels and the government is authorized
to approve the actuarial assumptions used in the determination of
contribution levels.
Firefighters' Pension Employees Retirement System
The government's firefighters participate in the Ftrefighters' Pension
Employees Retirement System (FPERS). FPERS functions for the benefit
of these employees and is governed by a nine-member pension board. The
government's President, Treasurer, Clerk, Attorney, and Fire Chief, one
elected pension beneficiary, and three elected fire employees
constitute the pension board. 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.
Excluded from the Reporting Entity:
Glenview Park District
Glenbrook Fire Protection District
These potential component units have separate elected boards and
provide services to residents, generally within the geographic
boundaries of the government. These potential component units are
excluded from the reporting entity because the government does not have
the ability to exercise influence over their daily operations, approve
budgets, or provide funding.
Intergovernmental Personnel Benefit Cooperative (IPBC)
IPBC is a cooperative established to administer personnel benefit
programs for local governments. Management consists of a Board of
Directors comprised of one representative from each member. The
government does not exercise any control over the activities of the
Agency beyond its representation on the Board of Directors. IPBC is
reported as a governmental joint venture.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. S-mmary of Significant Accounting Policies (Cont.)
A. Reporting Entity (Cont.)
Excluded from the Reporting Entity (Cont.):
Regional Emergency Dispatch Center (R.E.D.)
R.E.D. is a joint venture used to account for the resources involved in
dispatching fire and medical emergency services to a six community
area. Management consists of a Board of Directors comprised of one
elected trustee from each member jurisdiction. Day to day operations
are administered by the fire chiefs of each member jurisdiction. The
government does not exercise any control over the activities of the
Agency beyond its representation on the Board of Directors. R.E.D. is
reported as a governmental Joint venture.
High-Level Excess Liability Pool (HELP)
HELP is a proprietary venture established for the purpose of seeking
the prevention or lessening of liability claims made against its member
municipalities. Management consists of a Board of Directors comprised
of one appointed representative from each member. The government does
not exercise any control over the activities of the Agency beyond its
representation on the Board of Directors. HELP is reported as a
proprietary joint venture.
Solid Waste Agency of Northern Cook County (SWANCC)
SWANCC is a municipal corporation empowered to plan, finance, construct
and operate a solid waste disposal system to serve its member
municipalities. Management consists of a Board of Directors comprised
of one appointed representative from each member. The government does
not exercise any control over the activities of the Agency beyond its
representation on the Board of Directors. SWANCC is reported as a
proprietary joint venture.
B. Fund Accounting
The government uses funds and account groups to report on its financial
position and the results of its operations. Fund accounting is
designed to demonstrate legal compliance and to aid financial
management by segregating transactions related to certain government
functions or activities.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. Stumaary of Significant Accounting Policies (Cont.)
B. Fund Accounting (Cont.)
A fund is a separate accounting entity with a self-balancing set of
accounts. An account group, on the other hand, is a financial
reporting device designed to provide accountability for certain assets
and liabilities that are not recorded in the funds because they do not
directly affect net expendable available financial resources.
Funds are classified into the following categories: governmental,
proprietary, and fiduciary. Each category, in turn, is divided into
separate "fund types".
Governmental funds are used to account for all or most of a
government's general activities, including the collection and
disbursement of earmarked monies (special revenue funds), the
acquisition or construction of general fixed assets (capital projects
funds), and the servicing of general long-term debt (debt service
funds). The general fund is used to account for all activities of the
general government not accounted for in some other fund.
Proprietary funds are used to account for activities similar to those
found in the private sector, where the determination of net income is
necessary or useful to sound financial administration. Goods or
services from such activities can be provided either to outside parties
(enterprise funds) or to other departments or agencies primarily within
the government (internal service funds).
Fiduciary funds are used to account for assets held on behalf of
outside parties, including other governments, or on behalf of other
funds within the government. When these assets are held under the
terms of a formal trust agreement, either a pension trust fund, a
nonexpendable trust fund, or an expendable trust fund is used. The
terms "nonexpendable" and "expendable" refer to whether or not the
government is under an obligation to maintain the trust principal.
Agency funds generally are used to account for assets that the
government holds on behalf of others as their agent.
C. Basis of Accounting
The accounting and financial reporting treatment applied to a fund is
determined by its measurement focus. Ail governmental funds and
expendable trust funds are accounted for using a current financial
resources measurement focus. With this measurement focus, only current
assets and current liabilities generally are included on the balance
sheet. Operating statements of these funds present increases (i.e.,
revenues and other financing sources) and decreases (i.e., expenditures
and other financing uses) in net current assets.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
S,,mmary of Significant Accounting Policies (Cont.)
C. Basis of Accounting (Cont.)
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Ail proprietary funds 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. ~und equity (i.e., net
total assets) is segregated into contributed capital and retained
earnings components. Proprietary fund-type operating statements
present increases (e.g., revenues) and decreases (e.g., 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.
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Those revenues susceptible to accrual are property taxes, franchise
taxes, licenses, interest revenue, and charges for services. Sales,
income, and motor fuel taxes collected and held by the state at year
end on behalf of the government also are recognized as revenue. Fines
and permits revenues are not susceptible to accrual because generally
they are not measurable until received in cash.
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The accrual basis of accounting is utilized by proprietary fund types
and pension 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.
In 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.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. S,,mmary of Significant Accounting Policies (Cont.)
D. Budgets
Budgets are adopted on a basis consistent with generally accepted
accounting principles. Annual appropriated budgets are adopted for the
general, special revenue, and debt service funds on the modified
accrual basis, and enterprise, internal service, and pension trust
funds on the accrual basis. All annual appropriations lapse at fiscal
year end.
The Federal Revenue Sharing and the Corporate Purpose Bond Series of
1991 funds are budgeted for zero activity.
Encumbrances represent commitments related to unperformed contracts for
goods or services. Encumbrance accounting--under which purchase
orders, contracts and other commitments for the expenditure of
resources are recorded to reserve that portion of the applicable
appropriation--is utilized in the governmental funds. Material
encumbrances outstanding at year end, if any, are reported as
reservations of fund balances and do not constitute expenditures or
liabilities because the commitments will be honored during the
subsequent year.
E. Cash and Investments
Cash and Cash Equivalents
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.
Proprietary
Fund Types
Internal
Enterprise Service
Cash and Cash Equivalents
$1,479,115 466,358
Investments
Total Cash and Investments
11479~115 4661358
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. Summary of Significant Accounting Policies (Cont.)
E. Cash and Investments (Cont.)
Investments
Investments are stated at cost or amortized cost, subject to adjustment
for market declines judged to be other than temporary (lower of cost or
market) except for investments in the deferred compensation agency fund
which are reported at market value.
F. 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".
G. 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.
H. 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.
I. 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 market value on
the date received.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. S,,mmary of Significant Accounting Policies (Cont.)
I. Fixed Assets (Cont.)
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.
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.
J. 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. Amounts of vested or accumulated vacation leave that are not
expected to be liquidated with expendable available financial resources
are reported in the general long-term debt account group. No
expenditure is reported for these amounts. Vested or accumulated
vacation leave of proprietary funds is recorded as an expense and
liability of those funds as the benefits accrue to employees.
K. Long-Term Obligations
Long-term debt is recognized 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 remaining 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.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. S,,mmary of Significant Accounting Policies (Cont.)
L. Fund Equity
Contributed capital is recorded in proprietary funds that have received
capital 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 resources.
Bond Discounts/Issuance Costs
In governmental fund types, bond discounts and issuance costs are
recognized in the current period.
N. 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.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
1. Summary of Significant Accounting Policies (Cont.)
O. 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, results of operations, or changes in financial
position in conformity with generally accepted accounting principles.
Neither are such data comparable to a consolidation. Interfund
eliminations have not been made in the aggregation of this data.
P. Comparative Data
Comparative total data for the prior year have been presented in the
accompanying financial statements in order to provide an understanding
of changes in the government's financial position and operations.
However, comparative data have not been presented in all statements
because their inclusion would make certain statements unduly complex
and difficult to understand.
2. Legal Compliance and Accountability
A. Budgets
Ail departments 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, function, and activity, and includes information
on the past year, current year estimates, and requested appropriations
for the next fiscal year.
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 no supplementary appropriations were necessary.
17
VILLAGE OF GLENVlEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Legal Compliance and Accountability (Cont.)
B. Deficit Fund Balances/Retained Earnings of Individual Funds
The following funds had a deficit in fund balance/retained earnings as
of the date of this report:
Fund
Deficit
Balance
Illinois Municipal Retirement
Refuse and Recycling
$920,430
95,713
C. Excess of Actual Expenditures/Expenses over Budget in Individual Funds
The following funds had an excess of actual expenditures/expenses
(exclusive of depreciation and amorttzation) over budget for the fiscal
year:
Fund Excess
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Illinois Municipal Retirement
Library Bond Series of 1984
Corporate Purpose Bond Series of 1989
Corporate Purpose Bond Series of 1991
Waterworks - East
Commuter Parking Lot
Police Pension
Firefighters' Pension
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$326,918
614
768
42,851
104,870
2,101
6,368
1,981
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
3. Deposits and Investments
The government maintains a cash and investment 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
$2,615 has been excluded from the amounts shown below.
Permitted Deposits and Investments - Statutes authorize the government to
make deposits/invest in commercial banks, savings and loan institutions,
obligations of the U.S. Treasury and U.S. Agencies, obligations of States
and their political subdivisions, credit union shares, repurchase agree-
ments, commercial paper rated within the three highest classifications by
at least two standard rating services, and the Illinois Public Treasurer's
Investment Pool. Pension funds may also invest in certain non-U.S.
.obligations, mortgages, veteran's loans, and life insurance company
contracts.
A. Deposits
At year-end the carrying amount of the government's deposits totaled
$26,303,732 and the bank balances totaled $27,122,147.
Category 1
Deposits covered by federal depository insurance,
or by collateral held by the government, or its
agent, in the government's name.
Bank
Balances
$26,585,409
Category 2
Deposits covered by collateral held by the
pledging financial institution's trust department,
or by its agent, in the government's name.
Category 3
Deposits covered by collateral held by the
pledging financial institution, or its trust
department, or its agent but not in the
government's name, and deposits which are
uninsured and uncollateralized.
536,738
Total Deposits
27,122,147
19
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
3. Deposits and Investments (Cont.)
A. Deposits (Cont.)
For pension trust funds the types of deposits authorized and the mix of
credit risk categories do not differ significantly from the other funds
of the government.
B. Investments
The government's investments are categorized to give an indication of
the level of risk assumed by the entity at year-end. Category 1
includes investments that are insured or registered or for which the
securities are held by the government or its agent in the government's
name. Category 2 includes uninsured and unregistered investments for
which the securities are held by the counterparty's trust department or
agent in the government's name. Category 3 includes uninsured and
unregistered investments for which the securities are held by the
counterparty, or by its trust department or agent but not in the
investments.
and uninsured, unregistered and uncollateralized
21,097,02Z 21,444,Z95
427,573 4§8,120
21,524,595 21,902,415
5,978,754 5.978.754
27~5031549 27.881.169
The pension trust funds own 100 percent of the investments in Category
1.
4. Receivables - Taxes
Property taxes for 1991 attach as an enforceable lien on January 1, 1991,
on property values assessed as of the same date. Taxes are levied by
December of the subsequent fiscal year (by passage of a Tax Levy
Ordinance). Tax bills are prepared by the County and issued on or about
February 1, 1992 and August 1, 1992, and are payable in two installments,
on or about March 1, 1992, and September 1, 1992. 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.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
5. Fixed Assets
A. General Fixed Assets Account Group
The following is a s,,mmary of changes in the general fixed assets
account group during the fiscal year:
Balances Balances
January 1 Additions Retirements December
Land $ 2,705,604 1,199,491 3,905,095
Building and
Improvements 11,818,977 8,820 11,827,797
Equipment 6,144,839 726,592 225,566 6,645,865
Furniture 567,396 567,396
Office Equipment 332.127 332,127
21~568,943 1,9341903 225~566 23~278~280
B. 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
$ 67,851
Systems
Buildings
Equipment and Vehicles
Other
Less Accumulated Depreciation
and Amortization
21,914,960
243,645
1,090,114
297.143
23,613,713
(6.063.524)
17.550.189
In proprietary funds, the following estimated useful lives are used to
compute depreciation:
Water/Sewer Systems
Buildings
Improvements
Equipment and Vehicles
Other
50 years
40-50 years
10-20 years
3-10 years
3-10 years
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
6. Risk Management
The government has purchased insurance from private insurance companies.
Risks covered included general liability, workers compensation, and other.
Premiums have been displayed as expenditures/expenses in appropriate funds.
The government participates in the Intergovernmental Personnel Benefit
Cooperative (IPBC). IPBC is a governmental Joint venture established by
eertainunits of local government in Illinois to administer some or all of
the personnel benefit programs (primarily medical, dental, and life
insurance coverage) offered by these members to their officers and
employees and to the officers and employees of certain other governmental,
quasigovernmental, and nonprofit public service entities.
While IPBC does have some "pooling" attributes, it is essentially a
"cooperative" in that each member maintains a positive or negative account
balance. Thus the government has reflected its "balance" with IPBC on its
financial statements. The Cooperative acts solely as an administrative
agency to receive, process, and pay such claims as may come within the
benefit program of each member. The government's payments to IPBC are
displayed on the financial statements as expenditures/expenses in
appropriate funds.
The government participates in the High-Level Excess Liability Pool (HELP).
HELP is a proprietary Joint venture established by certain municipalities
in Illinois to provide excess liability coverage ($5,000,000 of coverage
after a $1,000,000 self-insurance retention). The government's payments to
HELP are displayed on the financial statements as expenditures/expenses in
appropriate funds.
7. Lease Obligations
No material capital or operating leases were in effect as of the date of
this report.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
8. Long-Term Debt
A. Changes in Long-Term Liabilities
During the fiscal year the following changes occurred in liabilities
reported in. the General Long-Term Debt Account Group:
Balances
January 1 Additions
Balances
Retirements December 31
General Obligation
Bonds $14,300,000
4,165,000 1,500,000 16,965,000
Pension Obligation
Payable
175,325 175,325
14,300,000 4,3401325 1,5001000 17,1401325
B. 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:
$3,100,000 Library Building
Bonds da%ed July 1. 1984 due
in annual installmenSs of
$225,000 to 8275,000 plus
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Long-Term Debt (Cont.)
B. General Obllgation Bonds (Cont.)
Fund Debt
Issue Reti=ed By
2,200,000
20~024,400
4,165,000
411651000
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Retlze~ents Decembe~ 31
275,000 1,925,000
3,425,000
65,292 34,108
350,000 7,§2§,000
50.000 4,450,000
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
8. Long-Term Debt (Cont.)
C. Debt Service Requirements to Maturity
Annual debt service requirements to maturity are as follows:
Fiscal Year General
Ending Obligation
December 31 Bonds
General
Obligation
Bonds Carried
as Enterprise
Fund Liabilities
'1991
1992 $ 2,390,822
1993 2,512,472
1994 2,495,385
1995 2,385,536
1996 2,365,783
1997 2,299,397
1998 2,029,197
1999 1,945,985
2000 1,540,500
2001 1,358,975
2002 1,308,150
2003 680,850
2004 666~250
Total Principal
and Interest
Interest Portion
23~979,302
7,014,302
410,188
932,248
887,250
876,125
888,025
897,025
902,725
505,500
503,500
6~802,586
1,4181478
25
Total
410,188
3,323,070
3,399,722
3,371,510
3,273,561
3,262,808
3,202,122
2,534,697
2,449,485
1,540,500
1,358,975
1,308,150
680,850
666,250
301781~888
8~432,780
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
8. Long-Term Debt (Cont.)
D. 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 margin.
"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 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
To date the General Assembly has set no limits for home rule municipal-
ities.
E. Advance Refunding - General Obligation Bonds
On November 19, 1991 the government passed an ordinance providing for
the issuance of $4,165,000 General Obligation Bond Series of 1991 and
the levy and collection of a direct annual tax for the' payment of
principal and interest on the bonds. On December 1, 1991 the
government passed an ordinance directing the execution of an escrow
agreement in order to partially refund $875,000 of Library Bond Series
of 1984 issued by the government and outstanding in the aggregate
principal amount of $1,650,000. This advance refunding was undertaken
to reduce total debt service payments over the next six years by
$70,871 and to obtain an economic gain (difference between the present
value of the debt service payments of the refunded and refunding bonds)
of $49,256.
Proceeds in the amount of $946,182 from the refunding bonds were used
to execute 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. Proceeds in
the amount of $3,171,875 were used to call the entire amount of
outstanding 1979 Corporate Purpose Bonds ($3,425,000) on January 2,
1992.
Although there has been no legal defeasance (satisfaction of debt) in
this transaction, all conditions which normally satisfy defeasance of
the $875,000 of the Library Bond Series of 1984 have been met.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
8. Long-Term Debt (Cont.)
E. Advance Refunding - General Obligation Bonds (Cont.)
These 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 which 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 - Library
Bond Series of 1984 to be paid from escrow:
Fiscal Year Interest
Ending Rate Principal
1995 9.75 $275,000
1996 9.90 275,000
1997 10.00 275,000
F. Noncommitment Debt
Special Service Area Bonds
Special service area bonds outstanding as of the date of this report
totaled $1,243,913. These bonds are not an obligation of the
government and are secured by the levy of special assessments on the
real property within the special assessment area. The government is in
no way liable for repayment but is only acting as agent for the
property owners in levying and collecting the assessments, and
forwarding the collections to bondholders.
27
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
9. Contractual Commitments
A. High-Level Excess Liability Pool (HELP)
The government has committed to purchase excess liability insurance
from the High-Level Excess Liability Pool (Agency), a joint venture of
Illinois municipalities. The government expects to pay the following
minimum amounts (these amounts represent the government's share of the
principal and interest - "fixed costs" - of the Agency):
Year Ending
December 31 Amount
1992 $44,804
1993 44,648
1994 44,349
1995 45,497
1996 46,406
1997 45,475
1998 45,993
These amounts have been calculated using the government's current
allocation percentage of 6.38%. In future years this allocation
percentage will be subject to change, because the Agency's Agreement
provides that each year Members will be assessed based upon a formula
which specifies the following four criteria for allocating premium
costs:
Miles of Streets
Full-Time Equivalent Employees
Number of Motor Vehicles
Operating Revenues
B. Solid Waste Agency of Northern Cook County (SWANCC)
The government has committed to make payments to the Solid Waste Agency
of Northern Cook County. The government expects to pay approximately
$72,000 per year for the years ending April 30, 1992 - 1998.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
10. Interfund Assets/Liabilities
A. Due From/To Other Funds
Receivable Fund
General
Public Library
Payable Fund
Illinois Municipal Retirement
Refuse and Recycling
Capital Equipment Replacement
Escrow Deposit
Police Pension
Firefighters' Pension
General
Corporate Purpose Bond
Series of 1989
Corporate
Waterworks - East
Waterworks - West
Sewer
Bond Fund Series 1989
Special Service Areas
Corporate Purpose Bond
Series of 1990
Bond Fund Series 1990
Capital Projects
Waterworks - East
Waterworks - West
Sewer
Corporate
Capital Equipment Replacement
Illinois Municipal Retirement
Waterworks - East
Insurance
Escrow Deposit
Illinois Municipal Retirement
Refuse and Recycling
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Amount
733,528
175,000
61,954
83,861
49,837
350
9,655
4,985
32,857
9,964
58
14,192
4,363
17,717
99,166
5,568
18,483
984,522
32,830
220,000
60,000
2~618,890
10.
VILLAGE OF GLF. NVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Interfund Assets/Liabilities
B. Advances From/To Other Funds
Receivable Fund
Payable Fund
Waterworks - East Capital Equipment Replacement $518,645
Sewer Capital Equipment Replacement 32.611
Amount
551 256
11. Segment Information - Enterprise Funds
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:
Waterworks Waterworks Parking
- East - West Sewerage Lot Totals
Opermtin8 Revenues $2,923,456 3,030,954 568,297 11&,994 6,637,681
30
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12.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Contributed Capital
During the current year, contributed capital increased by the following
amounts:
Waterworks Waterworks
- East - West Sewerage Totals
Improvements -
Capital Projects
Net Increases
Contributed Capital
January 1
December 31
$2,577,320 995,880 290,094 3,863,294
2,577,320 995,880 290,094 3,863,294
18.291 18,291
2,595~611 995~880 290~094 31881~585
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13.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Fund Equity - Prior Period Adjustments
During the fiscal year prior period adjustments were made as follows:
Amount
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General Pund
To correct for prior year's error in recording
accrued payroll
Library Fund
To correct for prior years error in recording
accrued payroll
Refuse and Recycling Fund
To correct for prior year's error in recording payments
to the Solid Waste Agency of Northern Cook County
Capital Projects Fund
To correct for prior year's error in recording
transfers
Waterworks - East Fund
To correct for prior year's error in recording
transfers
To correct for prior year's error in recording
accounts payable
Waterworks - West Fund
To correct for prior year's error in recording
accounts payable
32
~ {39,935)
{18,980)
40~744
(65,000)
65,000
(I00.258)
(35.258)
(58.823)
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMLBER 31, 1991
14. Contingent Liabilities
A. Litigation
The government is a defendant in various lawsuits. Although the out-
come 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.
B. 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 col-
lected, may constitute a liability of the applicable funds. The
amount, if any, of expenditures which may be disallowed by the grantor
cannot be determined at this time although the government expects such
amounts, if any, to be immaterial.
C. High-Level Excess Liability Pool (HELP)
The government's agreement with the High-Level Excess Liability Pool
provides that each member is liable for its proportionate share of any
costs arising from defaults in payment obligations by other members.
D. Solid Waste Agency of Northern Cook County (SWANCC)
The government's contract with the Solid Waste Agency of Northern Cook
County provides that each member is liable for its proportionate share
of any costs arising from defaults in payment obligations by other
members.
15. Joint Ventures
A. Intergovernmental Personnel Benefit Cooperative (IPBC)
Description of Joint Venture
The Intergovernmental Personnel Benefit Cooperative is a governmental
joint venture established by certain units of local government in
Illinois to administer some or all of the personnel benefit programs
offered by the members to their officers and employees and to the
officers and employees of certain other governmental,quasi-
governmental, and nonprofit public service entities. The Cooperative
acts as an administrative agency to receive, process, and pay such
claims as may come within the benefit program of each member. The
Cooperative utilizes "agency fund accounting".
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15.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Joint Ventures (Cont.)
A.
Intergovernmental Personnel Benefit Cooperative (IPBC) (Cont.)
Description of Joint Venture (Cont.)
Management consists of a Board of Directors comprised of one appointed
representative from each member. In addition, there are two officers,
a Benefit Administrator and a Treasurer.
The government does not exercise any control over the activities of the
Cooperative beyond its representation on the Board of Directors
Summary Financial Information of Joint Venture
The latest available financial statements
June 30, 1991, show the following:
Total Assets
Total Liabilities
of the Cooperative, dated
Total
$6.147.779
6,147~779
B. Regional Emergency Dispatch Center
Description of Joint Venture
The Regional Emergency Dispatch Center, is a governmental joint venture
used to account for the resources involved in dispatching fire and
medical emergency services to a six community area. This fund is
supported by contributions from the seven member departments. As of
December 31, 1991 the Regional Emergency Dispatch Center served the
fire departments of:
Village of Glenview
Village of Morton Grove
Village of Niles
Village of Northbrook
Glenbrook Fire Protection District
North Maine Fire Protection District
Prospect Heights Fire Protection District
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
15. Joint Venture (Cont.)
B. Regional Emergency Dispatch Center (Cont.)
Description of Joint Venture (Cont.)
Management consists of a Board of Directors comprised of one appointed
representative from 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 the
Agency beyond its representation on the Board of Directors.
Summary Financial Information of Joint Venture
The latest available financial statements of the Agency, dated December
31, 1991, show the following:
Government's
Total Share
Total Assets $365.043 66~730
Total Liabilities
38,794 7,092
Total Equity 326,249 59,638
Total Liabilities and Equity
365~043 66~730
Total Revenues 628.243 114~843
Total Expenses 609,551 111~426
Initial contributions are determined in advance of each membership year
based on the population within each member's district.
C. High-Level Excess Liability Pool (HELP)
Description of Joint Venture
The High-Level Excess Liability Pool (the "Agency") is a proprietary
joint venture and was organized on April 1, 1987. The purpose of the
Agency 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 the
Agency.
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15.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Joint Ventures (Cont.)
C. High-Level Excess Liability Pool (HELP) (Cont.)
Description of Joint Venture (Cont.)
At the date of this report, the following municipalities were members
of the Agency:
Share Share
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Village of Arlington Heights 11.80
Village of Chicago Ridge 2.24
Village of Deerfield 3.59
City of Des Plaines 10.71
Village of Elk Grove Village 7.83
Village of Glenvtew 6.38
Village of Hoffman Estates 6.87
Village of Lincolnshire 1.38
Village of Mt. Prospect 7.63
Village of Oak Lawn 9.77
City of Park Ridge 5.76
Village of Skokie 10.21
Village of Streamwood 4.29
City of Wheaton 7.12
Village of Winnetka 4.42
100.00
These percentage shares are subject to change in future years based
upon a formula specified in the Agency Agreement.
The Agency 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 the Agency are appointed by the
Board of Directors. The Board of Directors determines the general
policy of the Agency, makes all appropriations, approves contracts,
adopts resolutions providing for the issuance of debt by the Agency,
adopts by-laws, rules and regulations, and exercises such powers and
performs such duties as may be prescribed in the Agency Agreement or
the by-laws.
The government does not exercise any control over the activities of the
Agency beyond its representation on the Board of Directors.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
15. Joint Ventures (Cont.)
C. High-Level Excess Liability Pool (HELP) (Cont.)
S,,mmary Financial Information of Joint Venture
S,,mmary of Financial Position as of April 30, 1991:
Current Assets
Cash and Investments
Escrow A~r eement
Receivables
Summary of Revenues, Expenses, and Changes in Retained Earnings for the
year ended April 30, 1991:
Operating Revenues
$ 965,000
Operating Expenses
44,190
Operating Income
920.810
Nonoperating Revenues (Expenses)
Interest Income
Interest Expense
540,238
(265,046)
275~192
Net Income
1,196,002
Retained Earnings
May 1
3.026.526
April 30 4 222 528
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
15. Joint Ventures (Cont.)
C. High-Level Excess Liability Pool (HELP) (Cont.)
Summary Financial Information of Joint Venture (Cont.)
Government's Share of Assets, Liabilities, Fund Equity and Changes for
the year ended April 30, 1991:
Balances Increases Balances
May 1 (Decreases) April 30
Total Assets S512.432 55,136 567,568
Total Liabilities
320,594 (22,423) 298,171
Fund Equity
Retained Earnings
191,838 77,559 ~69,397
Total Liabilities
and Fund Equity
512~432 551136 567~568
Government's Share of
Ne~ Income
75,000 77,381
Joint Venture Debt - Changes in Long-Term Debt
Balances Balances
May 1 Issuances Retirements April 30
Due to Village of
Elk Grove for Retire-
ment of General
Obligation Bonds
$4,275,000 - 400~000 31875,000
Joint Venture Debt - Security for the Debt
The Village of Elk Grove Village, Illinois (the initial Host Member)
issued $5,000,000 of general obligation bonds in 1987 to provide
initial funding for the Agency. The bond proceeds were put into escrow
with LaSalle National Bank as escrow agent. An intergovernmental
agreement among the Agency, the Village of Elk Grove Village, and the
Members provides that the Agency and its Members are obligated to the
Village of Elk Grove Village for payment of principal and interest on
the bonds until such bonds have been retired. Additionally each Member
is liable for its proportionate share of any default by other Members.
The obligations of the Agency and its Members are unconditional. The
principal balance at December 31, 1991 was $3,875,000.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
15. Joint Ventures (Cont.)
D. 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 (the "Agency") which consists of twenty-eight municipalities.
The Agency is a municipal corporation and public body politic and
corporate established pursuant to the Constitution Act of the State of
Illinois and the Intergovernmental Cooperation Act of the State of
Illinois, as amended, (the "Act"). The Agency is empowered under the
Act to plan, construct, finance, operate and maintain a solid waste
disposal system to serve its members.
The members of the Agency and their percentage shares based on formulae
contained in the Agency agreement as of April 30, 1991 are:
% %
Share Shat,
Arlington Heights 8.71 Mount Prospect 6.93
Barrington 1.19 Niles 4.00
Buffalo Grove 4.26 Northbrook 4.38
Des Plaines 7.30 Northfield .64
Elk Grove Village 4.37 Palatine 4.51
Evanston 9.71 Park Ridge 5.10
Glencoe 1.21 Prospect Heights 1.75
Glenvtew 4.37 Rolling Meadows 2.88
Hoffman Estates 5.90 Skokie 7.94
Inverness .69 South Barrington .24
Kenilworth .36 Wheeling 3.46
Lincolnwood 1.57 Wilmette 3.72
Morton Grove 3.13 Winnetka 1.68
100.00
These percentage shares are subject to change in future years based on
the population of the municipalities.
The members form a contiguous geographic service area which is located
northwest of downtown Chicago. Under the Agency Agreement, additional
members may join the Agency upon the approval of each member.
39
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
15. Joint Ventures (Cont.)
D. Solid Waste Agency of Northern Cook County (SWANCC) (Cont.)
Description of Joint Venture (Cont.)
The Agency is governed by a Board of Directors which consists of one
appointed Mayor or President from each member municipality. Each
Director has an equaI vote. The officers of the Agency are appointed
by the Board of Directors. The Board of Directors determines the
general policy of the Agency, makes all appropriations, approves
contracts, adopts resolutions providing for the issuance of Bonds or
Notes by the Agency, adopts by-laws, rules and regulations, and
exercises such powers and performs such duties as may be prescribed in
the Agency Agreement or the by-laws.
Snmmary Financial Information of Joint Venture
S,,mmary of Financial Position as of April 30, 1991:
Restricted Assets
Cash and Investments
Accrued Inter0st
Receivable
Grant Receivable
2,096,245
98,560
20.522
3,015,327
Other Assets
Unamortized Bond
Issuance Cost 115,225
Deferred Project Costs 9,530,406
L~d 4,545,597
14.191.220
Total Assets 18 206 051
tons-Term LiabiLities
Bonds Payable
UnsmortAzed Bond Discount
Total Liabilities
Fund Equity
ContriButed Capital
Total Liabilities
and Fund Equity
766.909
16,250,000
(210,858)
16.039.142
16.806.051
1,400,000
18t2061051
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15.
VILLAGE OF GLEN-VIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Joint Ventures (Cont.)
D. Solid Waste Agency of Northern Cook County (SWANCC) (Cont.)
S~,mmary Financial Information of Joint Venture (Cont.)
Summary of Revenues, Expenses, and Changes in Retained Earnings for
the year ended April 30, 1991:
Total Revenues
Total Expenses
Net Income
Retained Earnings May 1
April 30
Government's Share of Assets, Liabilities, Fund Equity and Changes for
the year ended April 30, 1991:
Total Assets
Total Liabilities
Fund Equity
Contributed Capital
Total Fund Equity
Total Liabilities
and Fund Equity
Balances Increases Balances
Maw 1 (Decreases) April 30
~94,005 701,599 795,604
94,005 640,419 734,424
61,180 611180
61,180 61,180
94,005 701,599 795~604
41
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
15. Joint Ventures (Cont.)
D. Solid Waste Agency of Northern Cook County (SWANCC) (Cont.)
Joint Venture Debt - Changes in Long-Term Debt
$~,§00,000 5,500,000
2.000,000 2,000,000
Cont~act Revenue Note
Secies of 1990 16,250,000
7,500,000 1612501000
Joint Venture Debt - Security for the Debt
7~500r000
16,250,000
1612501000
The 1990 Notes are revenue obligations. They are limited obligations
of the Agency with a claim for payment solely from and secured by a
pledge of the Revenues of the System and amounts in various Funds and
Accounts established by Agency resolutions. The 1990 Notes are not a
debt of any member. The Agency has no power to levy taxes.
Revenues of the system consist of (a) all receipts derived from Solid
Waste Disposal Contracts or any other contracts for the disposal of
waste; (b) all income derived from the investment of moneys; and (c)
all income, fees, service charges and all grants, rents and receipts
derived by the Agency from the ownership and operation of the system.
The Agency covenants to establish fees and charges sufficient to
provide revenues to meet all its requirements.
The Agency has entered into Solid Waste Disposal Contracts with the
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 Contract is unconditional and irrevocable, without regard to
performance or nonperformance by the Agency of its obligations under
this Contract.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
15. Joint Ventures (Cont.)
D. Solid Waste Agency of Northern Cook County (SWANCC) (Cont.)
Joint Venture Debt - Security for the Debt (Cont.)
The payments required to be made by the government under this Contract
shall be required to be made solely from revenues to be derived by the
government from the operation of the government's System. The
government is not prohibited by the Contract from using any other
available funds to make the payments required by the Contract. The
Contract shall not constitute an indebtedness of the government within
the meaning of any statutory or constitutional limitation.
16. Deferred Compensation Plan
The government offers its employees a deferred compensation plan created in
accordance with Internal Revenue Code Section 457. The plan, available to
all government employees, permits them to defer a portion of their salary
until future years. Participation in the plan is optional. The deferred
compensation is not available to employees until termination, retirement,
death or unforeseeable emergency. All amounts of compensation deferred
under the plan, all property and rights purchased with those amounts, and
all income attributable to those amounts, property, or rights are (until
paid or made available to the employee or other beneficiary) solely the
property and rights of the government subject only to the claims of the
government's general creditors. Participants' rights under the plan are
equal to those of general creditors of the government in an amount equal to
the fair market value of the deferred account for each participant.
It is the opinion of the government's legal counsel that the government has
no liability for losses under the plan but does have the duty of due care
that would be required of an ordinary prudent investor. The government
believes that it is unlikely that it will use the assets to satisfy the
claims of general creditors in the future.
17. Post-Employment Health Care Benefits
In addition to providing pension benefits, the government provides certain
health care and life insurance 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 and life
insurance benefits is recognized as an expenditure as claims are paid. For
the fiscal year those costs total $49,824. 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.
43
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
18. Employee Retirement Systems
A. Plan Descriptions and Provisions
Illinois Municipal Retirement
The government contributes to the Illinois Municipal Retirement Fund
("IMRF"), a defined benefit agent multiple-employer public employee
retirement system that acts as a common investment and administrative
agent for local governments and school districts in Illinois. The
government's total payroll for the year ended December 31, 1991, was
$11,162,232. Of this amount, $5,362,109 in payroll earnings were
reported to and covered by the IMRF system.
Ail employees hired in positions that meet or exceed the prescribed
annual hourly standard must be enrolled in IMI{F as participating
members. Pension benefits vest after eight years of service.
Participating members who retire at or after age 60 with 8 years of
service are entitled to an annual retirement benefit, payable monthly
for life, in an amount equal to 1 2/3 percent of their final rate
(average of the highest 48 consecutive months' earnings during the last
10 years) of earnings, for each year of credited service up to 15
years, and 2 percent for each year thereafter. IMRF also provides
death and disability benefits. These benefit provisions and all other
requirements are established by Illinois State Statute.
Participating members are required to contribute 4.5 percent of their
annual salary to IMRF. The government is required to contribute the
remaining amounts necessary to fund the coverage of its own employees
in the System, using the actuarial basis specified by state statute
(entry age normal); for 1991 the rate was 11.45 percent.
Police Pension
Police sworn personnel are covered by the Police Pension Plan which is
a defined benefit single-employer pension plan. Although this is a
single-employer pension plan, the defined benefits and employee and
employer contributions levels are governed by Illinois State Statutes
(Chapter 108 1/2 Article 3) 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 Police
Pension Plan for the year ended December 31, 1991 was $2,868,564 out of
a total payroll of $11,162,232. At December 31, 1991 the Police
Pension Plan membership consisted of:
44
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
18. Employee Retirement Systems
A. Plan Descriptions and Provisions
Police Pension (Cont.)
Retirees and Beneficiaries Currently Receiving
Benefits and Terminated Employees Entitled to
Benefits but not yet Receiving Them
24
Current Employees
Vested 41
Nonvested 2--1
Total 86
The following is a summary of the Police Pension Plan as provided for
in Illinois State Statutes,
The Police Pension Plan provides retirement benefits as well as death
and disability benefits. Employees attaining the age of 50 or more
with 20 or more years of creditable service are entitled to receive an
annual retirement benefit of one-half of the salary attached to the
rank held on the last day of service, or for one year prior to the last
day, whichever is greater. The pension shall be increased by 2% of
such salary for each additional year of service over 20 years up to 30
years, and 1% of such salary for each additional year of service over
30 years, to a maximum of 75% of such salary. Employees with at least
8 years but less than 20 years of credited service may retire at or
after age 60 and receive a reduced benefit.
The monthly pension of a police officer who retired with 20 or more
years of service after January 1, 1977 shall be increased annually,
following the first anniversary date of retirement and be paid upon
reaching the age of at least 55 years, by 3% of the original pension
and 3% simple interest annually thereafter.
Covered employees are required to contribute 9% of their base salary to
the Police Pension Plan. If an employee leaves covered employment with
les~ than 20 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. By the year 2020 the
government's contributions must accumulate to the point where the past
service cost for the Police Pension Plan is fully funded.
45
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
18. Employee Retirement Systems (Cent.)
A. Plan Descriptions and Provisions (Cont.)
Ftrefighters' 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 Illinois
State Statutes (Chapter 108 1/2 - Pensions - Article 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, 1991 was $2,001,064 out of a total payroll of $11,162,232
At December 31, 1991 the Firefighters' Pension Plan membership
consisted of:
Retirees and Beneficiaries Currently Receiving
Benefits and Terminated Employees Entitled to
Benefits but not yet Receiving Them
14
Current Employees
Vested 30
Nonvested 1__0
Total 54
The following is a summary of the Firefighters' Pension Plan as
provided for in Illinois State Statutes.
The Firefighters' Pension Plan provides retirement benefits as well as
death and disability benefits. Employees attaining the age of 50 or
more with 20 or more years of creditable 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
2% of such monthly salary for each additional month over 20 years of
service through 30 years of service and one-twelfth of 1% of such
monthly service for each additional month over 30 years of service, to
a maximum of 75% 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 retirement and paid upon reaching at least the age
55, by 3% of the original pension and 3% annually thereafter.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
18. Employee Retirement Systems (Cont.)
A. Plan Descriptions and Provisions (Gont.)
Firefighters' Pension (Cont.)
Covered employees are required to contribute 8 1/4% of their salary to
the Firefighters' Pension Plan. If an employee leaves covered
employment with less than 20 years of service, accumulated employee
contributions may be refunded without interest. The government is
required to contribute the remaining amounts necessary to finance the
plan as actuarially determined by an enrolled actuary. By the year
2020 the government's contributions must accumulate to the point where
the past service cost for the Firefighters' Pension Plan is fully
funded.
B. 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
Fixed-income securities are reported at amortized cost with discounts
or premiums amortized using the effective interest rate method, subject
to adjustment for market declines judged to be other than temporary
(lower of cost or market). Investment income is recognized as earned.
Gains and losses on sales and exchanges of fixed-income securities are
recognized on the transaction date. Equity securities are reported at
cost subject to adjustment for market declines judged to be other than
temporary (lower of cost or market).
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.
47
18.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
Employee Retirement Systems (Cont.)
C. Funding Status and Progress
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The amount shown below as the "pension benefit obligation" for the IMRF
Plan is a standardized disclosure measure of the present value of
pension benefits, adjusted for the effects of projected salary
increases and step-rate benefits, estimated to be payable in the future
as a result of employee service to date. The measure is intended to
help users assess the funding status of the system on a going-concern
basis, assess progress made in accumulating sufficient assets to pay
benefits when due, and make comparisons among employers. The measure
is the actuarial present value of credited projected benefits and is
independent of the funding method used to determine contributions to
the System.
The amount shown below as the "pension benefit obligation" for the
Police Pension Plan and the Firefighters' Pension Plan, is a substitute
disclosure measure (entry age normal), the actuarial accrued liability
of the present value of pension benefits, adjusted for the effects of
projected salary increases and step-rate benefits, estimated to be
payable in the future as a result of employee service to date. This
substitute disclosure measure is intended to help users assess the
funding status of the system on a going-concern basis, assess progress
made in accumulating sufficient assets to pay benefits when due, and
make comparisons among other employers using the substitute disclosure
method. The substitute disclosure measure is independent of the
funding method used to determine contributions to the System.
Illinois Fire-
Municipal Police ftshters'
Retirement Pension Pension
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Actuarial Valuation Date
b) Projected Salary
Increases - Attributable
to Inflation
c) Additional Projected
Seniority/Merit
d) Postretirement Benefit
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VILLAGE OF GLENVlEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
18. Employee Retirement Systems (Cont.)
C. Funding Status and Progress (Cont.)
(Merket Values)
(I~LF - $ 5,834,439)
(Police 10,895,12g)
(Note A)
(Note A) (Note B) (Note B)
$ 659,960 4,330,739 1,806,837 6,787,636
688.182 1,077.11Z 949.347 2.714,64~
7,308,562 9,883,148 6,882,157 24,073,867
5.079.052 10,791,415 9,403,703 25,274,170
The pension benefit obligation applicable to retirees and
beneficiaries currently receiving benefits is not included in
the above schedule due to the fact that this obligation was
transferred from the government to IMRF as a whole when the
annuity became payable.
(Note B)
The "pension benefit obligation" applicable to the Plan is
the actuarial accrued liability, a substitute disclosure
measure.
D. COntributions Required and Contributions Made
Illinois Municipal Retirement, Police Pension, and Firefighters'
Pension
The Systems' funding policy provides for actuarially determined
periodic contributions at rates that, for individual employees,
accumulate assets gradually over time so that sufficient assets will be
49
VILLAGE OF GLENVlEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
18. Employee Retirement Systems (Cont.)
D. Contributions Required and Contributions Made (Cont.)
Illinois Municipal Retirement, Police Pension, and Fireftghters'
Pension (Cont.)
available to pay benefits when due. The rate for the government's
employee group as a whole has tended to remain level as a percentage of
annual covered payroll. The contributions rate for normal cost is
determined using the entry age normal actuarial funding method. The
IMRF System used the level percentage of payroll method, while the
Police Pension and Ftreftghters' Pension Systems used a level dollar
amount method to amortize the unfunded liability over a 40 year period.
The significant actuarial assumptions used to compute the actuarially
determined contribution requirements are the same as those used to
compute the pension benefit obligation as described in C. above.
Illinois Fire- Totals
Municipal Police fighters' (Mm~randum
Retirement Pension Pension Only)
Actuarial Valuation Date
December 31, January 1, January 1,
1991 1991 1991
As n ~ of Current Covered Payroll
Nozmal Coat
~mortization of Unfunded Actu- arial Accrued Liability
Death and Disability Cost
As a % of Current Covered Payroll
Employer
Employee
$372,130 221,900 188,379 782,609
213,948 (20,536) (207,799) (16,387)
27,882 27,882
11.~s 7.66 I0.97t 7.7s
$613,961 26,039 47,393 667,393
241.298 234.979 145.147 621.424
11.45% .90 2.37 6.72
4.50 8.19 7.25 6.07
15.95 9.09 9.62 12.79
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1991
18. Employee Retirement Systems (Cont.)
D. Contributions Required and Contributions Made (Cont.)
Effects on the Contribution Requirements of Current-Year Changes
Illinois Municipal Retirement
The new actuarial assumptions adopted in 1990 have been incorporated
into the 1992 contribution rates. The net effect of these changes is
estimated to increase contributions by 1% or less of payroll. Separate
dollar effects of each change were not economically determinable by
IMRF.
E. Trend Information
Trend information gives an indication of the progress made in
accumulating sufficient assets to pay benefits when due, Ten-year
trend information may be found in the supplemental section of the
government's annual financial report.
Made
1989
1990
1991
1989
1990
1991
1989
1990
1991
52.96 (67.70) (199.06) (10.69)
58.10 (49.63) (151.0&) (26.96)
41,58 (31.66) (126.01) (10.75)
9.03 6.60 5.90 14.06
10.58 .04 1.75 13.63
11.45 .90 2.37 6.72
8399,710 151,997 551,707
521,028 157,522 678,550
613,960 201,364 815,326
399,710 152,076 39,040 590,026
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GOVERNMENTAL FUND TYPES
GENERAL FUND
The General Fund. also re£ez~ed to as ~he Co~porste Fund. is used to account £or
resources traditionally associated w[~h governmental se~ices not re,red ~o
~ acc~ted for ~ ~ther ~d.
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
BALANCE SHEET
DECEMBER 31, 1991
1991 1990
ASSETS
Cash and Investments
Receivables
Taxes
Property Taxes
Sales Tax
Income Tax
Utility Taxes
Replacement Taxes
Accounts
Other
Due from Other Funds
Prepaid Items
Investment in Land Held for Resale
Total Assets
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable
Compensated Absences Payable
Other Payables
Due to Other Funds
Deferred Revenues
Total Liabilities
Fund Balance
Reserved for Prepaid Items
Reserved for Land Held for Resale
Unreserved
Designated for Income Tax Surcharge Receipts
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
See accompanying Notes to the Financial Statements.
52
$ 4,041,828 2,567,015
3,418,768 2,470,056
541,938 554,397
89,233 88,851
279,808 260,238
3,543 2,943
5,439 16,395
109,940 110,962
1,104,530 1,681,854
10,356
725.000 725,310
10~330,383 8~478~021
46,379 59,460
322,051 250,836
35,214
113,806 9,655
3,418,768 2,470,056
3.936.218 2,790,007
10,356
725,000 725,310
1,652,783 1,120,333
4,006,026 3,842,371
6,394,165 5,688,014
10,330,383 8,478,021
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeits
Interest
Miscellaneous
Total Revenues
Expenditures
General Government
Public Safety
Highways and Streets
Total Expenditures
Excess of Revenues
over Expenditures
Other Financing Sources (Uses)
Operating Transfers In (Out)
Capital Projects Fund
Capital Equipment Replacement Fund
Police Pension Fund
Firefighters' Pension Fund
Escrow Deposit Fund
Capital Projects Fund
Excess of Revenues and Other
Financing Sources over Expen-
ditures and Other Financing Uses
Fund Balance
January 1
Prior Period Adjustments
Adjusted Balance
Residual Equity Transfers In
December 31
1991 1990
Budget Actual Actual
$12,156,732 11,782,554 10,655,909
885,200 939,718 878,874
107,270 78,269 38,707
655,612 691,365 770,699
315,000 222,904 262,400
330,000 270,930 178,827
20,000 87,362 40,186
14.469.814 14.073,102 12,825,602
2,951,117 2,961,689 2,460,097
6,636,525 6,516,962 6,262,848
3.059.176 2.951.176 2.661.158
12.646.818 12.429.827 11.384.103
1,822,996 1,643,275 1,441,499
(652,000) (652,000) (312,953)
(567,254) (567,254) (505,232)
(26,039) (26,039) (24,661)
(17,306) (17,306) (17,565)
479,200 305,410 417,445
60,000 60,000
(723,399) (897.189) (442,966)
1,099,597 746,086 998,533
5,688,014 4,362,502
¢39.935) (236.922)
5,648,079 4,125,580
563,901
5,648,079 4.689.481
6,394,165 5~688,014
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Taxes
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Sales Tax
Utility Tax
Illinois Income Tax
Road and Bridge
Franchise Taxes
Road and Bridge - Prior
Hotel Room Tax
Income Tax Surcharge
Licenses and Permits
Motor Vehicle
Business
Liquor
Pet
Heating and Air Conditioning
Buildings
Electrical Inspection
Plumbing and Sewer
Plan Review and Elevator Inspection
Driveway Permits
Intergovernmental
Charges for Services
Administration
Engineering Fees
Unclassified Public Works Service
Other Current Service Charges
Fines and Forfeits
Interest
1991
Budget Actual
1990
Actual
$ 2,686,932 2,463,948 1,938,464
36,755
58,800 45,795 37,285
3,750,900 3,358,151 3,287,825
2,874,700 2,687,159 2,419,761
1,503,200 1,605,474 1,345,428
63,000 69,636 59,907
199,200 218,421 238,744
989
570,000 503,775 479,721
450,000 792,451 848,774
12.156.732 11.782.554 10.655.909
412,000 427,249 423,246
90,000 106,970 104,559
67,000 77,663 65,133
5,600 5,539 5,525
1,000 35 140
210,000 216,555 185,313
26,000 27,951 24,333
25,000 23,152 26,876
42,600 50,129 38,059
6,000 4,475 5,690
885,200 939,718 878,874
107.270 78,269 38,707
501,612 501,612 547,807
100,000 146,138 161,084
20,000 20,138 23,005
34,000 23,477 38,80q
655.612 691,365 770,699
315,000 222.904 262,400
330,000 270,930 178,827
54
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Miscellaneous
Sale of Village Property
Other
Total Revenues
1991
Budget Actual
1990
Actual
30,477 19,541
20.000 56,885 20,645
20~000 87,362 40,186
14,469,814
14,073,102
12,825,602
55
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
General Government
Board of Trustees
Special Board
Legal and Insurance
Emergency Service Disaster Agency
Village Manager
Finance
Municipal Building and Grounds
Personnel
Public Health
Public Safety
Police Department
Fire Department
Printing
Highways and Streets
Development and Public Services
Administration
Planning and Zoning
Engineering
Public Works - Administration
Public Works - Overhead
Public Works - Street Maintenance
Public Works - Traffic
Public Works - Storm Water Management
Public Works - Snow and Ice Control
Public Works - Forestry
Public Works - Grounds
Building Inspection
Total Expenditures
56
Budget
$ 21,240
95,013
1,571,977
11,700
335,641
547,335
141,600
89,300
137.311
2.951.117
4,144,047
2,467,203
25,275
6.636.525
125 547
119 850
375 202
167 358
728108
191550
270895
124.255
190 507
215 876
78,425
471,603
3.059.176
12,6461818
Actual
19,779
86,993
1,588,407
7,621
322,356
545,834
186,235
77,063
127.401
2,961,689
4,062,~38
2,434,838
19,886
6.516.962
134 887
117 082
365 421
159 888
716 976
282 306
226 616
108 695
162 427
144 856
60,050
471,972
2,951,176
12,429~827
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
General Government
Board of Trustees Regular Salaries
Dues, Subscriptions and Memberships
Training
Materials and Supplies
Trustee Expense
Special Board
Contractual Services
Materials and Supplies
Other Operational Expenses
Legal and Insurance
Contractual and Professional Services
Books
Dues, Subscriptions and Memberships
Village Attorney Retainer
Prosecutor Retainer
Outside Litigation
Insurance - General
Emergency Service Disaster Agency
Power and Light
Telephone and Telegraph
Maintenance of Equipment
Office Supplies
Books, Pamphlets, and Materials
Materials and Supplies
Contingencies
Machinery and Equipment
Small Tools
3,000 3,013
100
1,000
2,700 2,337
14,440 14,429
21,240 19,779
92,763 84,651
2,250 2,334
8
95.013 86.993
50,820 98,791
2,500 2,366
550 425
38,000 35,170
27,500 26,078
118,580 91,550
1,334,027 1,334,027
1.571.977 1.588.407
1,100 919
1,300 891
1,000
20O
200 141
1,500 341
1,000 200
5,000 5,129
4OO
11,700 7,621
57
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget
General Government (Cont.)
Village Manager
Regular Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Postage
Telephone and Telegraph
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Training Expense
Books, Pamphlets and Materials
Operational Material and Supplies
Computer Supplies
Other Operational Expenses
Equipment Replacement
Equipment Repairs
Machinery or Equipment
Furniture and Fixtures
Less Transfer to Capital Equipment
Replacement Fund
Finance
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Postage
Dues, Subscriptions and Membership
Maintenance of Equipment
Rentals
Travel Expense
Training
Office Supplies
Books, Pamphlets and Materials
Computer Supplies
Other Operating Expense
Reimbursable Expense
236,286
12,000
1,050
2,000
3,400
31,300
8O0
19,760
1,000
6,280
8OO
4OO
80O
2,000
200
3,700
8,165
5,400
4,000
339,341
3,700
335.641
364,115
5,000
24,000
2,800
33,400
8,000
6,000
1,180
14,180
30,360
4,350
1,400
17,000
200
7,000
3,000
3OO
58
Actual
242,197
8,310
1,050
5,766
31,494
15,661
360
6,122
618
19
646
1,075
3,700
4,778
1,901
2,359
326,056
3,700
322,356
363,235
6,402
23,855
2,800
36,876
10,038
5,009
966
11,740
26,800
4,642
1,162
18,504
277
8,395
2,877
327
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget
20O
9,850
15.000
547.335
1,500
18,150
24,000
24,000
11,000
10,000
10,000
2,500
3,700
2OO
4,500
50
32.000
141.600
38,580
2,500
470
15,000
900
23,500
100
8.250
89,300
105,976
1,000
1,100
100
500
280
100
900
660
435
280
General Government (Cont.)
Finance (Cont.)
Bank Charges
Machinery and Equipment
P.C. Expansion
Municipal Building and Grounds
Temporary Salaries
Heating and Lighting
Postage
Telephone
Maintenance of Equipment
Maintenance of Buildings
Rentals
Cleaning and Household Supplies
Maintenance Materials - Buildings
Small Tools and Equipment
Employee Welfare
Equipment Repairs
Buildings and Improvements
Personnel
Contractual Professional Services
Printing, Binding and Publications
Dues, Subscriptions and Memberships
Safety Program
Travel
Training Expense
Books, Pamphlets and Materials
Employee Welfare
Public Health
Regular Salaries
Overtime Salaries
Longevity Pay
Rentals
Microfilming
Contractual Professional Services
Printing, Binding and Publication
Telephone and Telegraph
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
59
Actual
92
6,722
15,115
545,834
32,662
20,387
31,867
16,333
22,003
9,940
1,531
10,185
51
4,729
36.547
186.235
32,102
2,478
455
13,800
421
22,208
82
5,517
77.063
103,518
261
1,100
7O
252
29
570
240
149
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET ~/qD ACTUAJ~ (CONT.)
FOR THE YEAR ENDED DECF2tBER 31, 1991
General Goverranent (Cont.)
Public Health (Cont.) Training
Books, Pamphlets and Materials
Small Tools and Equipment
Operating Materials and Supplies
Equipment Replacement
Other Operational Expense
Machinery and Equipment
Equipment Repairs
Total Public Health
Less Transfer to Capital Equipment
Replacement Fund
Total General Government
Public Safety
Police Department
Regular Salaries
Overtime Salaries
Overtime Hire Back
Overtime Court Time
Overtime Training
Overtime Extra Detail
Temporary Salaries
Holiday Pay
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Heating
Postage
Telephone
Dues and Subscriptions
Maintenance of Equipment
Maintenance of Buildings
Rentals
Travel Expenses
Car Allowance
Training
Uniform Allowance
Office Supplies
Books, Pamphlets and Materials
Cleaning and Household Supplies
Budget Actual
2,385 1,814
400 442
700 562
2,700 2,451
6,200 6,200
225 204
11,632 11,817
7,938 3,922
143,511 133,601
6.200 6,200
137.311 127,401
2~951~117 2~961,689
131,760 3,135,305
105,000 59,441
60,600 54,859
66,675 58,647
4,000 2,589
2,222
85,600 75,170
99,750 88,406
30,200 29,850
95,000 96,272
7,700 2,752
7,000 571
4,620 3,362
35,210 33,749
3,000 2,941
37,200 30,285
2,200 828
9,013 7,868
7,610 7,704
300
54,465 57,005
40,950 39,518
4,000 3,190
9,000 6,286
2,500 3,738
6O
VILLAGE OF GLENVlEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget
Public Safety (Cont.)
Police Department (Cont.)
Maintenance Materials - Buildings
Operating Materials and Supplies
Computer Supplies
Employee Welfare
Equipment Repairs
Machinery and Equipment
Furniture and Fixtures
Equipment Replacement
Less Transfer to Capital Equipment
Replacement Fund
Fire Department
Regular Salaries
Overtime Salaries
Overtime Acting Company Officer
Overtime On Call
Overtime Hire Back
Overtime Apparatus Repair
Overtime Fire Prevention
Overtime Public Education
Overtime Emergency Medical Service
Overtime Hazardous Material
Overtime FLSA
Overtime Special Rescue
Overtime Dive Team
Overtime Training
Holiday Pay
Longevity Pay
Contractual Professional Services
Printing, Binding and Publications
Heating
Postage
Telephone and Telegraph
Dues, Subscriptions and Memberships
Maintenance of Equipment
Maintenance of Buildings
Rentals
Travel Expense
Training
Uniform and Turnouts
Office Supplies
3,500
19,575
4,500
4,200
131,734
74,285
2,900
201,970
4,346,017
201,970
4,144,047
1,844,200
4,200
8,400
8,400
105,000
2,100
1,000
14,950
9,300
4,950
21,000
3,450
3,500
30,500
51,115
20,550
131,148
5OO
3,500
350
9,650
1 755
13 100
10 900
2 000
2 640
9 200
18 000
1 500
61
Actual
1,445
15,395
1,833
5,822
163,568
69,191
2,426
201.970
4,264,208
201.970
4.062.238
1,863,309
3,055
5,119
12,505
113,419
1,056
382
14,774
1,727
3,304
21,099
1,034
3,965
19,053
56,596
20,550
127,111
449
351
6,729
1,578
6,514
12,372
1,713
881
6,787
16,449
1,337
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VILLAGE OF GLENVlEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Public Safety (Cont.)
Fire Department (Cont.) Texts and Films
Motor Vehicle Supplies
Cleaning Supplies
Maintenance Materials - Equipment
Maintenance Materials - Buildings
Small Tools and Equipment
Operating Materials and Supplies
Employee Welfare
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Furniture and Fixtures
Buildings/Improvements to Buildings
Automotive
Less Transfer To Capital Equipment
Replacement Fund
Printing
Overtime Salaries
Temporary Salaries
Maintenance of Equipment
Maintenance Materials - Equipment
Operating Supplies
Small Tools & Equipment
Total Public Safety
1,750 1,149
2,000 1,650
5,000 4,112
6,500 3,615
3,200 1,993
8,700 8,276
6,550 6,161
1,500 1,785
135,312 135,312
39,345 41,954
37,400 22,974
1,200 731
1,200 1,373
16,000 15,847
2,602,515 2,570,150
135,312 135,312
2.467.203 2,434,838
5OO
1,000
4,275 2,699
550 325
18,900 16,858
5O 4
25,275 19,886
6,636,525 6,516,962
62
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Highways and Streets
Development and Public Service
Administration
Regular Salaries
Overtime Salaries
Postage
Maintenance of Copiers
Computer Supplies
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Office Supplies
Books, Pamphlets and Materials
Equipment Replacement
Equipment Repairs
Less Transfer to Capital Equipment
Replacement Fund
Planning and Zoning Regular Salaries
Contractual and Professional Services
Printing, Binding and Publication
Dues, Subscriptions and Memberships
Travel Expense
Training
Operational Supplies
P.C. Expansion
Engineering
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publications
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Training
Uniform Allowance
Books, Pamphlets and Materials
Operational Materials
117,396 128,479
2OO
150 26
2,400 2,402
500 645
495 436
320 265
1,500 1,594
300 144
2OO
1,800 1,800
2.086 896
127,347 136,687
1.800 1,800
125.547 134.887
47,700 47,700
54,000 53,156
10,000 8,027
3,450 3,473
1,000 1,046
2,600 2,452
600 728
500 500
119.850 117.082
321,566 325,560
1,200 1,815
9,600 3,705
1,650 1,650
13,441 12,122
175 36
726 732
685 486
1,832 1,753
3,220 3,082
1,000 943
150 105
1,600 1,622
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Highways and Streets (Cont.)
Development and Public Service (Cont.)
Engineering (Cont.)
Computer Supplies
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Furniture and Fixtures
Less Transfer to Capital Equipment
Replacement Fund
Public Works - Administration
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publications
Dues, Subscriptions and Memberships
Maintenance of Equipment
Rentals
Travel Expense
Training
Office Supplies
Books, Pamphlets and Materials
Operational Materials and Supplies
Computer Supplies
Public Works - Overhead
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Heating
Telephone
Dues, Subscriptions and Memberships
Maintenance of Equipment
Maintenance of Building Improvements
Rentals
Travel Expense
Training
Uniform Allowance
64
1,200 1,208
11,700 11,700
8,358 7,828
2,799 2,774
6,000
386,902 377,121
11,700 11,700
375,202 365,421
135,012 135,012
1,000 317
17,581 13,411
800 800
1,800 424
200 203
425 425
1,270 864
2,500 2,380
3,100 4,277
1,000 417
275
70 38
1,800 311
800 734
167,358 159,888
283,526 272,528
1,486 2,990
42,133 57,079
9,750 9,300
13,500 8,335
3,000 5,809
55 30
3,600 620
6,550 9,219
34,100 23,291
250 194
2,000 2,017
7,800 8,919
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Overhead (Cont.)
Books, Pamphlets and Materials
Cleaning Supplies
Maintenance Materials - Buildings
Small Tools and Equipment
Operational Materials and Supplies
Employee Welfare
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Automotive
Less Transfer to Capital Equipment
Replacement Fund
Public Works - Street Maintenance
Regular Salaries
Overtime Salaries
Temporary Salaries
Maintenance Materials - Buildings
Small Tools and Equipment
Operational Materials and Supplies
Maintenance of Buildings
Public Works - Traffic
Regular Salaries
Overtime Salaries
Temporary Salaries
Power and Light
Maintenance of Equipment
Maintenance of Buildings
Rentals
Sign Supplies
Small Tools and Equipment
Operating Materials and Supplies
250 31
4,000 4,585
3,500 2,757
800 175
1,000 1,198
3,000 3,314
175,772 175,772
190,418 187,007
10,000 8,242
107,390 109.336
903,880 892,748
175,772 175.772
728.108 716.976
96,080 181,647
9,664 11,056
16,006 17,551
18,000 21,708
1,800 2,352
10,000 7,769
40,000 40,2~3
191,550 282.306
78,815 62,380
2,448 2,176
3,532 2,266
92,000 86,201
59,000 43,136
8,500 8,101
4OO
24,500 21,332
800 242
900 782
270,895 226.616
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDI~JRES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Storm Water Management
Regular Salaries
Overtime Salaries
Temporary Salaries
Maintenance of Buildings
Maintenance Materials - Equipment
Small Tools and Equipment
Operating Materials and Supplies
Public Works - Snow and Ice Control
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Maintenance Materials - Equipment
Operating Materials and Supplies
Equipment Replacement
Less Transfer to Capital Equipment
Replacement Fund
Public Works - Forestry
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Dues, Subscriptions and Membership
Maintenance of Equipment
Maintenance of Buildings
Books, Pamphlets and Materials
Maintenance Materials - Equipment
Small Tools and Equipment
Operating Materials and Supplies
Public Works - Grounds
Regular Salaries
Overtime Salaries
Temporary Salaries
Maintenance of Buildings
Maintenance Materials - Equipment
Budget Actual
85,469 78,233
3,101 2,083
8,085 9,235
4,000 1,138
3,000 2,654
600 172
20,000 15~180
124.255 108,695
75,218 51,690
34,422 35,795
1,175 2,216
1,500 525
11,000 5,699
67,192 66,502
20.000 20,000
210,507 182,427
20,000 20,000
190,507 162,427
149,868 123,401
8,733 6,278
12,455 10,072
1,500
150 129
1,000 595
37,000
7O
478
1,100 713
4,000 3,190
215,876 144,856
65,521 52,140
1,064 40
2,440 1,976
4,000 2,772
500 117
66
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Grounds (Cont.)
Small Tools and Equipment
Operating Materials and Supplies
Building Inspection
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Dues, Subscriptions and Memberships
Maintenance of Equipment
Microfilming
Travel
Training
Uniform Allowance
Books, Pamphlets and Materials
Operating Materials and Supplies
Equipment Replacement
Equipment Repairs
Furniture and Fixtures
Less Transfer to Capital Equipment
Replacement Fund
Total Highways and Streets
900 1,283
4.000 1.722
78,425 60.050
420,120 420,432
2,500 3,431
10,000 2,363
1,350 1,350
10,000 20,889
1,000 718
700 989
1,900 3,130
3,500 2,049
400 503
5,85O 5,528
1,100 695
1,000 876
2,000 3,841
10,800 10,800
9,683 4,704
500 474
482,403 482,772
10,800 10.800
471,603 471,972
3,059,176 2~951~176
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SPECIAL REVENUE FUNDS
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.
Federal Revenue Sharin~ l~dnd The Federal Revenue Sharin$ Fund provides
acconntabillty for Federal Revenue Shartn~ monies received under Title i o£
the State and Local Flscal Assistance Act of 1972.
Illinois liunictpal Retirement Fund - The Illinois Nuntcipal Retirement Fund is
used to account £or the revenue and expenditures associated with providinS
disability and pension benefits for Glenviev employees. This fund also
provides the employer with a portion of F.I.C.A. Contributions.
llotor Fuel Tax Fund - The Notor Fuel Tax Fund is used to account £or the
activities involved with street mainten-nce and const~tction. F{n~ncin_e is
provided by the goveLument's share of State gasoline taxes. State
requires these gasoline taxes to be used to maintain streets.
Cable TV Fund - The Cable Television Fund is used to account £or the f~n~cial
activity o£ the public access cable system. Any governmental body or not-for-
pro£it cu..amity organization viii be permitted to broadcast public
information or educational progrnmm~S. The cable television management and
staff is under the direct control of the ¥illage of Glenvisw Board of
Trustees.
Refuse and Recycling Fund - The Refuse and RecyclinE Fund is used to account for
the financial activity of the community vide recycling program. The program
is designed to license and monitor prime scavenger services operattr~ in the
residential areas of the government. Their activities will mainly be involved
with the collection and disposition off recyclable ltema.
911 Co.m~nicatlons Fund - The 911 Co-~unicatlons Fund will account for the
activity of the newly formed 911 emergency service system. Financial activity
began in 1990 and the Village anticipates the system to be operational in
1992.
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VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget
Taxes
Property Taxes - Current
Replacement Taxes
Intergovernmental
Charges for Services
Fines and Forfeits
Interest
Miscellaneous
Donations
Other
Total Revenues
Expenditures
Culture and Recreation
Excess of Revenues over Expenditures
Other Financing (Uses)
Operating Transfers (Out)
Illinois Municipal Retirement Fund
Capital Projects Fund
Excess (Deficiency) of Revenues over
Expenditures and Other
Financing Uses
$1,673,401
45,000
33,131
73,800
55,000
68,500
43.862
1,992,694
1.833.018
159.676
(102,838)
(6O,0OO)
(162.838)
(31162)
Fund Balance
January 1
Prior Period Adjustment
Adjusted Balance
December 31
See accompanying Notes to the Financial Statements.
7O
Actual
1,725,920
39,918
33,755
81,182
59,750
50,056
14,170
7,886
2,012,637
1.814.744
197,893
(102,838)
(102,838)
95.055
773,817
(18.980)
754,837
849 892
VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Culture and Recreation
Regular Salaries
Overtime Salaries
Temporary Salaries
Legal Fees
Public Information
Printing
Printing, Binding and Publication
Power and Lights
Heating
Water
Postage
Telephone and Telegraph
Dues and Subscriptions
Maintenance of Equipment
Maintenance of Copiers
Maintenance of EDP Equipment
On-line Searching
Maintenance of Buildings
Travel Expense
Training
Trustee Expense
Personnel Recruitment
Director Expenses
Library Programs
Office Supplies
Processing Supplies
Circulation Supplies
Audio Visual Supplies
Books, Pamphlets and Materials
Periodicals
Audiovisual
Micro-Film
Video Tapes
Cataloging
Cleaning Supplies
Contingencies
Other Operating Expenses
Machinery and Equipment
Administrative Support
Insurance
Total Expenditures
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Budget
$ 540,913
3,498
454,652
1,500
10,150
4,900
12,000
7OO
10,000
1,100
13,300
8,500
1,805
8,000
20,000
30,000
4,500
34,125
5,000
11,000
7,300
2,000
1,000
11,570
9,550
14,000
4,514
2,591
294,495
30,620
33,600
17,246
12,000
7,100
2,500
2,500
7OO
40,148
12,030
151,911
1~833,018
Actual
485,961
961
506,796
458
9,932
2,188
9,153
497
1,357
1,066
12,006
9,323
1,674
7,700
15,467
28,526
4,414
31,967
5,306
8,723
2,325
1,681
985
11,910
9,533
14,287
4,406
2,175
299,416
28,242
37,679
16,746
14,437
4,042
964
664
761
57,075
12,030
151,911
1~814,744
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VILLAGE OF GLENVIEW, ILLINOIS
FEDERAL REVENUE SHARING FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Interest
$ 390
Expenditures
Excess of Revenues over Expenditures
390
Fund Balance
January 1
December 31
8.191
8 581
See accompanying Notes to the Financial Statements.
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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
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget
Taxes
Property Taxes - Current
Replacement Taxes
Intergovernmental
Interest
Miscellaneous
Employee Contributions
Total Revenues
Expenditures
Pension
Retirement Contributions
Other
Total Expenditures
Excess (Deficiency) of Revenues
over Expenditures
Other Financing Sources
Operating Transfers In
Library Fund
911 Communications Fund
Waterworks - East Fund
Waterworks - West Fund
Sewerage Fund
Cable TV Fund
Excess (Deficiency) of Revenues and Other
Financing Sources over Expenditures
$ 426,244
6,500
64,718
3,000
630,000
1.130.462
1,478,600
6.663
1.485.263
(354.801~
102,838
5,370
60,755
18,483
27,920
4,999
220,365
~134,436)
Fund Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
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Actual
434,511
8,235
64,718
2,584
699,047
1,209,095
1,802,295
9.886
1.812.181
(603.086)
102,838
60,755
18,483
27,920
4,999
214,995
(388,091)
(532.339)
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VILLAGE OF GLENVIEW, ILLINOIS
MOTOR FUEL TAX FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Intergovernmental
Allotments
Interest
Total Revenues
Expenditures
Excess of Revenues over Expenditures
Other Financing (Uses)
Operating Transfers (Out)
Capital Projects Fund
Excess (Deficiency) of Revenues over
Expenditures and Other Financing Uses
Fund Balance
January 1
December 31
Budget Actual
$ 705,000 741,187
29.000 19.171
734,000 760,358
734,000 760,358
(808.300]
(808.300)
(47,942)
394,373
See accompanying Notes to the Financial Statements
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VILLAGE OF GLENVIEW, ILLINOIS
CABLE TV FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Interest
Miscellaneous
Gablenet Programming Agreement
Other
Total Revenues
Expenditures
General Government
Excess (Deficiency) of Revenues
over Expenditures
Other Financing (Uses)
Operating Transfers (Out)
Illinois Municipal Retirement Fund
Excess (Deficiency) of Revenues over
Expenditures and Other Financing Uses
Fund Balance
January 1
December 31
$ 4,000 4,643
45,000 46,123
706
49,000 51,472
49,280 46.801
(280) 4,671
(4,999> (4,999)
{5,279) (328)
93.464
93,136
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
CABLE TV FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
General Government
Regular Salaries
Postage
Telephone
Dues, Subscriptions, Memberships
Insurance
Maintenance of Equipment
Rentals
Travel Expense
Training
Books, Pamphlets, Materials
Operating Materials and Supplies
Computer Supplies
Machinery and Equipment
Furniture and Fixtures
Total Expenditures
$32,400 33,551
200 3
430 52
450 760
1,600 1,600
4,000 2,748
500 240
1,000 1,314
800 839
2OO
4,000 3,342
1,000 882
2,000 931
700 539
49,280 46,801
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VILLAGE OF GLENVIEW, ILLINOIS
REFUSE AND RECYCLING
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget
Charges for Services
Interest
Total Revenues
Expenditures
General Government
Contractual Professional Services
Refuse Bag and Bin Purchase
SWANCC Equity Payments
Other Operational Expenditures
Total Expenditures
Excess (Deficiency) of Revenues
over Expenditures
Fund Balance
January 1
Prior Period Adjustment
Adjusted Balance
December 31
$261,624
18,750
280,374
202,900
42,000
63,600
1,500
310.000
(291626)
See accompanying Notes to the Financial Statements.
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Actual
224,510
1,488
225.998
167,035
104,068
1.652
272.755
(46,757)
(89,700)
40,744
(48,956)
(951713)
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VILLAGE OF GLENVIEW, ILLINOIS
911 COMMUNICATIONS FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget
Charges for Services
Interest
Total Revenues
Expenditures
Public Safety
Regular Employee Salaries
Contractual Professional Services
Materials and Supplies
Machinery or Equipment
Total Expenditures
Excess (Deficiency) of Revenues
over Expenditures
Other Financing (Uses)
Operating Transfers (Out)
Illinois Municipal Retirement Fund
Excess (Deficiency) of Revenues over
Expenditures and Other Financing Uses
Fund Balance
January 1
December 31
$244,440
12.000
256.440
29,504
14,000
5OO
253.000
297,004
(40,564)
(5,370)
<45,93__4)
See accompanying Notes to the Financial Statements.
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Actual
278,378
3,292
281.670
264
288
226,674
227,226
54,444
54,444
<7,253)
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DEBT SERVICE FUNDS
I~[brary Bond Series oE [984 - This issue in the amount o£ $3,100,000 vas used to
construct an addition to the Library.
Corporate l~rpose Bond Series of 1989 - This issue in ~he amount of $8,000,000
was sold to f~nance various capital improvements, includtnE sto~asewers, land
acquisition, pavement f~provements, and water related projects.
Corporate Purpose Bond Series of 1990 - This issue in the ~m~unt of $4,500,000
vas sold to finance the VillaEe's share of the Glenvtew Road reconst~mction
project. Hoody's Investors Service has rated this Eeneral obif~ation bond
issue AAA.
Corporate Fu~ose Bond Series of [99[ - This issue in the =m~un~ of $4,165,000
was sold to f~nance the partial refunding of the Library Bond Series of 1984
and early retirement of the Corporate Purpose Bond Series of [979.
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CAPITAL PROJECTS FUNDS
Cap~taL Equipment Replacement Fund - The Capita! Kqu~Iment Replacement Fund is
used ~:o account ~or the funds annuaLLy set aside for the eventual replacement
of certain cap~ta], equipment.
Capital FroJecCs Fund - The
revenues and expendtL~u~es
~hroughout the gove~nnenC.
Capital l~oJects Fund is used to account for
involved vith aLL other Capital Inprovements
Bond Fund Series 1989 - The BondFund Series 1989 is used to temporarily account
for ~he proceeds received from the Corporate l~l~pose Bond Series o£ 1989.
Bond FundSeriea 1990 - The Bond Fund Series L990 ls used to temporarily account
for the proceeds received ffrom the Corporate l~rpose Bond Series of 1990.
~§§oooo
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ENTERPRISE FUNDS
l/ate~works - Frost ~und - The i~ateEworks - Kast Fund ~s used to account for the
p~s~ oE ~e~ ~ seweF se~ce to ~he res~d~ts off easC C[~vinw.
ac~iv~ necessa~ ~o pEr,de s~h seduces ~s acc~ed foe ~ ~s ~d
~cl~n~, ~t no~ ~ited to, A~istrati~ (Director o~ ~ltc
~rati~, h~te~once, F~nAnC~ ~d ~elated Debt Se~ice, ~d Billlng ~d
l/ate~eorks - I/est Fund - The l/ate~vorks - l/est Fund is used to account for the
provision of rater seEvice to the residents of west Clanview and the
untncoEporated area ad_~acont to the usstern boarder of the governnent. All
activity necessar~ to provide such services is accounted for in this ~und
including, but not l~n~ted to, Administration (D/xector of l~blic ~orks),
Operations, Mainte-Ance. F;n--ctn~ and related Debt Service, and BiXl~,E and
Collections.
Sewerage Fund - The Sewerage Fund ts used to account for the Funds necessary to
provide sanitary sewer service to both incorporated and unincorporated
Glenview customers.
Comnuter Fa~king Lot Fund - The Commuter Parking Lot Fund accounts for the
activity involved with, but not limited to, the Adnintstration
Director), saZe of permits and maintenance of the Cummdter parking facilities
vithin the government.
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VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Waterworks Waterworks
- East - West Sewerage
Improvements -
Capital Projects
Totals
1991 199~
Decreases
Net Increase
Contributed Capital
January 1
December 31
$2,577,320 995,880 290,094 3,863,294
2,577,320 995,880 290,094 3,863,294
18,291 18.291
2.595.611 995~880 2901094 3~881~585
18.291
18~291
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
STATEMENT OF REVENUES, EXPENSES,
CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Net Income (Loss)
Retained Earninss
January 1
Prior Period Adjustments
Adjusted 5alance
20,000
6,000
4,000
2,500
7,000
7,000
2.633.430
304,597
1,351,241
137,091
212,492
345,104
282.905
5,500
5,500
28B,405
75,000
(60,755)
{327,043}
{312,798)
87
Actual
2.717.850
246
41.327
9,493
115.000
27,374
2.613
3,587
2,061
1,800
2.085
2.923.436
299,086
1.529,807
146,528
217,354
262~620
41,288
(2,975)
(4,499)
33,814
393,506
75,000
(60,755)
(327,043)
~312,798)
80,708
3,066,146
(35.258)
3,830,888
VILLAGE OF GLF~NVIEW, ILLINOIS
WATERWORKS - EAST FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Administration
Contractual Professional Services
Printing, Binding and Publication
Postage
Computer Supplies
Administrative Charges - Corporate Fund
Insurance
Total Administration
Operations
Supply and Metering
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Water
Maintenance of Buildings
Operational Materials and Supplies
Meters
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Supply and Metering
Pumping Station
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Power and Light
Heating
Telephone
Maintenance of Building
Cleaning and Household Supplies
Maintenance Materials - Equipment
Maintenance Materials - Building
Operating Materials and Supplies
Building Improvements
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Pumping Station
88
2,000 575
3OO
8,000 5,564
3,000 1,650
196,618 196,618
94,679 94,679
304,597 299,086
53,446 40,349
823 928
557 223
26,000 21,791
1,244,115 1,439,533
4,000 1,669
22,300 25,314
77.000 58.224
1,428,241 1,588,031
(77.000) (58.224)
1 351 241 1 529 807
21,843 28,231
13,000 7,492
208 492
16,940 8,110
62,000 69,561
4,600 3,486
5,000 4,369
6,800 6,239
200 27
3,000 2,227
600 984
2,900 2,711
10,000 10,000
4,500 6,356
151,591 150,285
(14,500) (3,757)
1371091 1461528
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Operations (Cont.)
Distribution System
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Maintenance of Equipment
Maintenance of Buildings
Rentals
Sign Supplies
Maintenance Materials - Buildings
Operating Materials and Supplies
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Distribution System
Overhead
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding, Publication
Telephone and Telegraph
Dues, Subscriptions and Memberships
Maintenance of Equipment
Rentals
Travel Expense
Training
Uniform Allowance
Office Supplies
Books, Pamphlets and Materials
Small Tools and Equipment
Operational Materials and Supplies
Computer Supplies
Equipment Replacement and Repairs
Postage
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Overhead
89
$124,230 108,582
20,082 18,943
5,680 3,785
5,000 2,216
500 214
17,000 28,106
300 220
700 12
35,000 49,612
4,000 2,349
11.500 14,520
223,992 228,559
(11,5oo) (11,2o5)
212,492 217,354
159,320 144,579
361 460
3,351 1,842
5,700 5,700
3,000 102
17
800 1,030
1,240 6,030
610 295
5,500 15,926
2,500 2,701
2,500 2,921
5,845 4,577
700 333
300 25
4,600 3,031
600 682
300 207
147,477 71,295
4OO
4,700 64,040
349,804 325,793
(4.700) (63.173)
345~104 262~620
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - WEST FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Late PaFment Fees
Brass Fittings
Other
Total Operating Revenues
Operating Expenses Excluding Depreciation
Administration
Operations
Supply and Metering
Pumpins Station
Distribution System
Total Operating Expenses Excluding Depreciation
Operatin& Income before Depreciation
Operating Income
Operating T=ansfers (Out>
Illinois ~kmicipal Retirement Fund
Waterworks - East Fund
Debt Service Fund
Ret Income
December 31
$2,316,037
30,000
§,000
3,500
8.000
441,772
905,054
181,185
128.814
1,648,825
762,212
762.212
7,000
(331.357)
(326.357)
437,855
(18,488)
(75,000)
(55.380)
(148,863)
288;992
91
Actual
2,967,969
700
26,670
28,g52
1,680
3,030,954
436,347
919,466
174,561
116.074
1,646,440
1,384,506
248.323
1.136.183
(222.170)
918,532
(18,483)
(75,000)
(55,380)
(148,863)
769,669
4,376,097
(58.823)
4.317.274
51086,943
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - WEST FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Administration
Contractual Professional Services
Printing, Binding and Publications
Postage
Computer Supplies
Administrative Charges
Corporate Fund
Waterworks - East Fund
Insurance
Other Operating Expenses
Total Administration
Operations
Supply and Metering
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Water
Maintenance of Buildings
Operating Materials and Supplies
Other Operating Expenses
Meters
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Supply and Metering
Pumping Station
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Power and Light
Heating
Telephone
Maintenance of Buildings
Cleaning and Household Supplies
Maintenance Materials - Equipment
Maintenance Materials - Buildings
Operating Materials and Supplies
Building Improvements
$ 2,000 575
3OO
7,000 5,437
3,000 683
217,445 217,445
115,000 115,000
97,027 97,027
180
441~772 436~347
35,128 29,725
1,004 838
1,122 264
21,000 16,169
801,000 836,417
4,000 532
41,800 32,064
3,457
42~000 58.224
947,054 977,690
(42,000) (58.224)
905~054 919~466
22,320 16,574
10,555 6,710
410 154
10,650 6,856
105,000 115,715
900 4,874
5,500 4,798
19,500 2,727
2OO
2,600 2,932
750 574
2,800 2,647
9,000 10,000
190,185 174,561
92
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - WEST FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DEGEMBER 31, 1991
Budget Actual
Operations (Cont.)
Pumping Station (Cont.)
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Pumping Station
Distribution System
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Service
Maintenance of Equipment
Maintenance of Buildings
Sign Supplies
Maintenance Materials - Building
Operating Materials and Supplies
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Distribution System
9,000
181,185
174,561
50,417 73,542
11,925 8,203
2,972 5,695
3,500
500
18,000 7,504
700
29,300 19,175
3,500 1,955
11,500 11,204
132,314 127,278
11.500 11.204
1201814 116~074
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VILLAGE OF GLENVIEW, ILLINOIS
SEWERAGE FUND
SCHEDULE OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Operating Revenues
Charges for Services Sewer Charges
Sewer Connection Charges
Miscellaneous
Other
Total Operating Revenues
Operating Expenses Excluding Depreciation
Administration
Operations
Pumping Station
Collection
Sump Pump Inspection
Total Operating Expenses
Operating Income before Depreciation
Depreciation
Operating Income
Nonoperating Revenue
State Grant
Interest Income
Income before Operating Transfers
Operating Transfers (Out)
Illinois Municipal Retirement Fund
Debt Service
Net Income
Retained Earnings
January 1
December 31
$489,600 565,877
2,350
5,000 70
494,600 568,297
103,021 97,080
27,943 8,864
167,493 159,309
298,457 265,253
196,143 303,044
52,436
196,143 250,608
100,000
107.000 9,116
403.143 259.724
(27,920) (27,920)
(62,786) (62,786)
(90,706) (90,706)
312 437 169,018
2,408,430
2,5771448
See accompanying Notes to the Financial Statements.
95
VILLAGE OF GLENVIEW, ILLINOIS
SEWERAGE FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
BudKet Actual
Administration
Contractual Professional Services
Printing, Binding and Publications
Postage
Office Supplies
Computer Supplies
Administrative Charges - Corporate Fund
Equipment Replacement
Equipment Repairs and Fuel
Insurance
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Administration
Operations
Pumping Station
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Power and Light
Maintenance of Equipment
Operational Materials and Supplies
Total Pumping Station
Collection System
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Maintenance of Buildings
Rentals
Maintenance Materials
Small Tools and Equipment
Operational Materials and Supplies
Machinery and Equipment
System Improvements
Training
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Collection System
96
5,000
100
1,000 179
150
1,500
45,519 45,519
14,200
16,922 18,552
32,830 32.830
117,221 97,080
14,200
103~021 97,080
11,328 6,620
1,141 231
274 185
10,000
2,000 1,515
2,000 293
1~200 20
27,943 8,864
106,058 67,754
4,618 5,478
11,487 1,810
25,000
7,500 12,610
180 180
2,500 1,948
17
10,000 8,512
10,250 6,928
220,000 211,000
150
397,743 316,237
230~250 156,928
167,493 1591309
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VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
SCHEDULE OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS ~ BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget Actual
Operating Revenues
Charges for Services
Meter Fees
Parking Decals
Total Operating Revenues
Operating Expenses
Administration
Operations
Depreciation and Amortization
Total Operating Expenses
Operating Income
Nonoperating Revenues
Interest Income
Net Income
Retained Earnings
January 1
December 31
$12,000 12,167
50,000 102,827
62.000 114.994
30,000 30,000
24,700 25,398
1,403
54,700 56,801
7,300 58,193
4,500 6.861
11.800 65,054
248,866
313 920
See accompanying Notes to the Financial Statements.
98
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VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Administration
Administration - Corporate Fund
Operations
Contractual Professional Services
Printing, Binding and Publications
Power and Light
Postage
Rentals
Maintenance Materials
Operations Materials
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Operations
Budmet Actua%
$30,000 30,000
700
500
1,900 2,302
300 662
17,000 20,554
300 54
4,000 4,326
24,700 27,898
2,500
24,700 25,398
99
VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
SCHEDULE OF FIXED ASSETS AND DEPRECIATION
FOR THE YEAR ENDED DECEMBER 31, 1991
ASSETS
Leasehold Improvements
Machinery and Equipment
ACCUMULATED DEPRECIATION/
AMORTIZATION
Leasehold Improvements
Machinery and Equipment
Net Asset Value
Balances
January 1 Additions
$203,309
10,783 2,500
214,092 2,500
105,134 75
2,347 1,328
107,481 1,403
1061611 1~097
Balances
Retirements December 31
203,309
13,283
216.592
105,209
3,675
108.884
107~705
100
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INTERNAL SERVICE FUNDS
Nunicipal Equipment Repair Fund - The Runicipal Equipment Repatx Fund is used to
account Eot the costs of repairinE and maintaining all vehicles of the
Village. These costs include labor. ~aterLal. fuel. and fixed overhead of the
gove~nmentWs repatx facility.
~nsttrance Fund - The Insurance Fund is used to account for the financial
activity of the government's entire insu~ance pro,am. In addition to
conventional pr;m=ry insurance, the government is involved in self-tn=u~ance.
Clenview is a member of the High-Level Excess Liability Pool (HELP) which
provides excess liability coverage. Also. the government provides health and
life ;n~urance by participating in the (IFBC) Intergovernmental Fersonnel
Benefit Cooperative.
VILLAGE OF GLENVIEW, ILLINOIS
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1991
ASSETS
Current Assets
Cash and Investments
Receivables - Accounts
Advances to Other Funds
Investment in HELP
Deposit in IPBC
Total Assets
Municipal
Equipment
Repair
$132,424
132~424
Insurance 1991
Totals
1990
333,934 466,358 342,448
548 548 1,786
4,100
269,397 269,397 183,343
365,303 365,303 364.529
LIABILITIES AND
FUND EQUITY
Current Liabilities
Accounts Payable
Due to Other Funds
Total Liabilities
Fund Equity
Retained Earnings
Total Liabilities and
Fund Equity
969,182 1~101.606
896.206
1321424 969~182 1,101~606 896.206
See accompanying Notes to the Financial Statements.
101
118,214 912.579 1.O30.793 850.377
14,210 23,773 37,983 45,829
32,830 32,830
14,210 56,603 70,813 45,829
VILLAGE OF GLENVIEW, ILLINOIS
MUNIOIPAL EQUIPMENT REPAIR FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budzet
Operating Revenues
Charges for Services $530,725
Miscellaneous 12,000
Total Operating Revenues 542,725
Operating Expenses
Operations 538.442
Operating Income (Loss) 4,283
Nonoperating Revenues
Interest Income 1,500
Income (Loss) Before Operating
Transfers 5,783
Operating Transfers (Out)
Capital Equipment Replacement Fund (4,100)
Net Income (Loss) 1 683
Retained Earnings January 1
December 31
1991
Actual
1990
Actual
504,784 492,163
8,549 28,996
513,333 521,159
525.162 488,589
(11,829) 32,570
3,298 3,494
(8,531) 36,064
(4,1oo)
(12,631) 36,064
130,845 94,781
1181214 130~845
See accompanying Notes to the Financial Statements.
104
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Operations
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Maintenance of Equipment
Maintenance of Buildings
Uniform Allowance
Fuel
Motor Vehicle Supplies
Cleaning and Household Supplies
Maintenance Materials - Equipment
Maintenance Materials ~ Buildings
Small Tools and Equipment
Equipment Replacement and Repairs
Machinery and Equipment
Reimbursable Repairs
Total Operations
Budget
$165,629
5,823
6,360
1,700
7,000
30,000
13,000
3,000
175,000
27,000
3,000
82,000
3,000
4,000
8,505
3,425
538~442
Actual
165,655
2,795
2,716
1,700
7,413
36,354
3,905
2,519
140,186
45,475
2,534
91,667
4,570
3,224
6,027
3,526
4,896
525~162
105
VILLAGE OF GLENVIEW, ILLINOIS
INSURANCE FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Operating Revenues
Charges for Services
Miscellaneous
Returned Premiums
Total Operating Revenues
Operating Expenses
Operations
Insurance Premiums
Operating Income (Loss)
Nonoperating Revenues
Interest Income
Net Income - HELP
Joint Venture
Net Income
Retained Earnings
January 1
December 31
1991
Budget Actual
$1,798,110 1,755,110
70,490 77,097
1,868,600 1,832,207
1990
Actua~
1,300,471
85.202
1,385,673
1,872,307 1,735,753 1,361.064
(3,707) 96,454 24.609
20,000 19,212 18,361
77,381 75,000
20,000 96,593 93,361
161293 193,047 117,970
719,532
912~579
601,562
7191532
See accompanying Notes to the Financial Statements.
106
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TRUST AND AGENCY FUNDS
KX Z'Z~,~T.~- TRUS~
Escrow Deposit Fund - The Escrow Fund is used to account for the funds placed on
deposit with the government by building contractors workin~ within the
Eovernment's limits. Interest earned un escrow deposits is ~--,mlly
transferred to the Corporate Fund.
Deposit Fund - The Deposit Fund is used to account for money on deposit with the
Eoverument bainE held on a temporary basis such as security deposits for use
of the Eovernment's equipment.
Police Department Special Account Fund - The Police Department Special Account
Fund ls used to account for funds received from the Cook County Clerk of the
Circuit Courts' office to be used in various types of investtsations.
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 Clenvtew Police Department.
Fireftghters' Pension Fund - The Fireffghters' Pension Fund is used to account
for the resources necessary to provide disability and retirement benefits to
personnel of the Glenview Fire Department.
ACENCY
Deferred Compensation Plan Fund - The Deferred Compensation Fund is used to
account for salary deductions held by the government employees. The Deferred
Compensation is available to employees upon termination or retirement.
Special Service Areas Fund - This funds account for various special service area
bond issues.
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VILLAGE OF GLENVIEW, ILLINOIS
EXPENDABLE TRUST FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1991
Fines a~d Forfeits
Interesb
Miscellaneous
Other
Other Flnancin~ (Uses)
Operatin~ Transfers (Out)
General Fund
Expenditures and Other
FinancinS Uses
Fund Balances
January i
December 31
1990
420,087
426.580
3,308
3.308
423,272
¢417.445)
13.598
108
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VILLAGE OF GLENVIEW, ILLINOIS
PENSION TRUST FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1991
Taxes Property
Foreign Fire Insurance Tax
Contributions - Employees
Fire
Police fi~hters'
Pension Pension
Totals
1990
1,281
30,087 30,087 28,112
$ 23&,979 li5,147 380,126 348,781
851,8§1 759,930 1,611,781 1,568,429
218,712 328,301 547,013 43,383
115 115 22
1.305.542 1.263.580 2.569.122 1.988.908
424,991 1&6,210 $71~201 548,573
109
VILLAGE OF GLENVIEW, ILLINOIS
POLICE PENSION FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budget
Operating Revenues
Taxes
Replacement Taxes
Contributions - Employees
Interest
Miscellaneous
Gain on Sale of Investments
Total Operating Revenues
Operating Expenses
Pensions and Refunds
Miscellaneous
Contractual Professional Services
Total Operating Expenses
Income before Operating Transfers
Operating Transfers In - General Fund
Net Income
Fund Balance
January 1
December 31
$ 13,000
225,978
213,000
451,978
417,615
5,700
423,315
28,663
26,039
54~702
See accompanying Notes to the Financial Statements.
110
Actual
234,979
851,851
218.712
1,305.542
424,991
4.692
429.683
875,859
26.039
901,898
10,791.410
11.693.308
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VILLAGE OF GLENVIEW, ILLINOIS
FIREFIGHTERS' PENSION FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1991
Budmet Actual
Operating Revenues
Taxes
Replacement Taxes
Foreign Fire Insurance Tax
Contributions - Employees
Interest
Miscellaneous
Gain on Sale of Investments
Other
Total Operating Revenues
Operating Expenses
Pensions and Refunds
Miscellaneous
Contractual Professional Services
Total Operating Expenses
Income before Operating Transfers
Operating Transfers In - General Fund
Net Income
Fund Balance
January 1
December 31
$ 8,000
30,000 30,087
136,235 145,147
197,000 759,930
328,301
115
371.235 1.263.580
145,711 146,210
4,050 5,532
149.761 151.742
221,474 1,111,838
17,306 17,306
238 780 1,129,144
9,403,704
101532~848
See accompanying Notes to the Financial Statements.
111
VILLAGE OF GLENVIEW, ILLINOIS
AGENCY FUNDS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED DECEMBER 31, 1991
All F~mds
ASSETS
Assets held by Agents for
Deferred Compensation
Pla~ (Market Value)
Receivables - Property Taxes
Due from Other Funda
LIABILITIES
Special Service
Areas Fund
ASSETS
Receivables - Property Taxes
Due from Other Funds
$4,818,741 1,287,650 127,637 5,978,754
93,270 134,390 93,270 134,390
794 794
4,813,741 1,287,650 127,637 5,978,7§4
4,363 4,363
94,064 130,027 94,064 130,027
4,912,305 1,422,040 221,701 6.113.144
93,270 134,390 93,270 134,390
794 794
Total Assets
LIABILITIES
Due to Other Funds
Due to Bondholders
Total Liabilities
4,363 4,363
94,064 130,027 94,064 130,027
94,064 134,390 94,064 134[390
112
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VILI2%GE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE
DECEMBER 31, 1991
1991
1990
GENERAL FIXED ASSETS
Land
Buildings and Improvements
Equipment
Furniture
Office Equipment
INVESTMENT IN
GENERAL FIXED ASSETS
General Revenues
Bond Issues
113
$ 3,905,095
11,827,797
6,645,865
567,396
332.127
23.278.280
16,379,001
6.899.279
23.278.280
2,705,604
11,818,977
6,144,839
567,396
332.127
21~568~943
14,669,664
6.899.279
2115681943
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - BY FUNGTIONAND ACTIVITY
FOR THE YEAR ENDED DECEMBER 31, 1991
Public Safety
Police 2,921,628 415,225 93,818 3,243,035
Public Works
Administration 2,033,620 2,033,820
Buildin& Division 830,519 830,519
5,265,088 47,367 - 5,312,455
21,568,943 11934,903 225,566 231278,280
115
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VILLAGE OF GLENVIEW, ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
REQUIRED SUPPLEMENTARY INFORMATION
ANALYSIS OF FUNDING PROGRESS
DECEMBER 31, 1991
Year or Market)
Unfunded
(2) (3) Pension (5)
Obligation (1) + (2) (2) - (1) Payroll
(6)
46.00
52.90
52.96
58.10
41.58
(During the implementation transition period all information required is
presented for as many years as is available.)
Analysis of the dollar amounts of net assets available for benefits, pension
benefit obligation, and unfunded pension benefit obligation in isolation can be
misleading. Expressing the net assets available for benefits as a percentage of
the pension benefit obligation provides one indication of funding status on a
going-concern basis. Analysis of this percentage over time indicates whether the
system is becoming financially stronger or weaker. Generally, the greater this
percentage, the stronger the PERS. Trends in unfunded pension benefit obligation
and annual covered payroll are both affected by inflation. Expressing the
unfunded pension benefit obligation as a percentage of annual covered payroll
approximately adjusts for the effects of inflation and aids analysis of progress
made in accumulating sufficient assets to pay benefits when due. Generally, the
smaller this percentage, the stronger the PERS.
117
VILLAGE OF GLENVIEW, ILLINOIS
POLICE PENSION FUND
REQUIRED SUPPLEMENTARY INFORMATION
ANALYSIS OF FUNDING PROGRESS
DECEMBER 31, 1991
(4)
Unfunded Unfunded (Asse~s
(1) (Assets in in Excess of)
Available (2} (3) Pension (5) Oblisatton as
for Benefits Pension Percentage Benefit Annual a Percentage of
Fiscal (Lo.er of Cost Benefit Funded Obligation Covered Covered Payroll
Year or Market) Obligation (1) * (2) (2) - {1) Payroll {4) * (5)
Analysis of the dollar amounts of net assets available for benefits, pension
benefit obligation, and unfunded pension benefit obligation in isolation can be
misleading. Expressing the net assets available for benefits as a percentage of
the pension benefit obligation provides one indication of funding status on a
going-concern basis. Analysis of this percentage over time indicates whether the
system is becoming financially stronger or weaker. Generally, the greater this
percentage, the stronger the PERS. Trends in unfunded pension benefit obligation
and annual covered payroll are both affected by inflation. Expressing the
unfunded pension benefit obligation as a percentage of annual covered payroll
approximately adjusts for the effects of inflation and aids analysis of progress
made in accumulating sufficient assets to pay benefits when due. Generally, the
smaller this percentage, the stronger the PERS.
118
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VILLAGE OF GLENVIEW, ILLINOIS
FIREFIGHTERS' PENSION FUND
REQUIRED SUPPLEMENTARY INFORMATION
ANALYSIS OF FUNDING PROGRESS
DECEMBER 31, 1991
(4) (6)
Unfunded gn£u~d~ (Assets
(1) (Assets in in F~xcsss of)
Net Assets Excess of) Pension Benefit
Year or Market) Obli~ation
Analysis of the dollar amounts of net assets available for benefits, pension
benefit obligation, and unfunded pension benefit obligation in isolation can be
misleading. Expressing the net assets available for benefits as a percentage of
the pension benefit obligation provides one indication of funding status on a
going-concern basis. Analysis of this percentage over time indicates whether the
system is becoming financially stronger or weaker. Generally, the greater this
percentage, the stronger the PERS. Trends in unfunded pension benefit obligation
and annual covered payroll are both affected by inflation. Expressing the
unfunded pension benefit obligation as a percentage of annual covered payroll
approximately adjusts for the effects of inflation and aids analysis of progress
made in accumulating sufficient assets to pay benefits when due. Generally, the
smaller this percentage, the stronger the PERS.
119
Fiscal Employee
Year Contributions
VILLAGE OF GLENVIEW, ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
REQUIRED SUPPLEMENTARY INFORMATION
REVENUES BY SOURCE
DECEMBER 31, 1991
Revenues by Source
Employer Investment
Contributions Income
Totals
Employer
Contributions
as a
Percentage
of Covered
Payroll
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1982 112 057
1983 117 483
1984 125 629
1985 141 537
1986 152 811
1987 166 751
1988 180 252
1989 199 196
1990 221 613
1991 241 298
*** Not Available
161.
168
181
204
245
259
28O
399
521
613
113 N/A 273
914 N/A 286
184 N/A 306
127 N/A 345
516 N/A 398
384 N/A 426
388 N/A 460
710 N/A 598
028 N/A 742
961 N/A 855
120
170
397
813
664
327
135
640
906
641
259
7.00
7.00
9.03
10.58
11.45
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VILLAGE OF GLENVIEW, ILLINOIS
POLICE PENSION FUND
REQUIRED SUPPLEMENTARY INFORMATION
REVENUES BY SOURCE AND EXPENSES BY TYPE
DECEMBER 31, 1991
Fiscal
Year
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
Employee
Contributions
Revenues by Source
Employer Investment
Contributions Income
Totals
125
133
139
149
155
173
188
205.
213.
234.
165
5O4
145
OO9
785
746
015
408
633
979
334
441
495
577
530
474 199
471 902
152 076
952
26,039
404
505
023
336
381
283 663 743,232
345 171 920,180
406 152 1,040,320
465 639 1,191,984
835 810 1,521,976
805 820 1,453,765
651 546 1,311,463
1,159,038 1,516,522
868,525 1,083,110
1,070,563 1,331,581
Employer
Contributions
as a
Percentage
of Covered
Payroll
22.04
27.28
29.35
31.96
28.09
23.24
22.59
6.60
· 04
.90
Fiscal
Year
Benefits
Expenses by Type
Administrative
Expenses
Refunds
and Other Totals
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
196 623
238 965
264 787
257 364
290 240
305 476
330 573
364 756
404 054
418 578
2,105
1,475
805
1,083
15,203
4,384
1,002
5,185
5,402
4,692
11,312
112,980
6,413
198
240
265
258
305
321
444
369
409
429
728
440
592
447
443
172
555
941
456
683
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
LIBRARY BOND SERIES OF 1984
DECEMBER 31, 1991
Date of Issue
Date of Maturity
Authorized Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
July 1, 1984
December 1, 1997
$3,100,000
$ 5,000
1986-1988-
1989-
1990-
1991-
1992-
June 1 and
December 1
Citibank
9.90% 1993- 9.25%
8.50% 1994- 9.50%
8,60% 1995- 9.75%
8.90% 1996- 9,90%
9.10% 1997-10.00%
December 1
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond
. Yesr Year Numbers
Dec. 1 Amount,
1992 1991 291-345 $275,000 158,125 433,125 1992 79,062 1992 79,063
1993 1992 346-400 275,000 133,100 408,100 1993 66,§50 1993 66.550
1994 1993 401-455 275,000 107,662 382.6fi~ 1994 53.831 1994 53,831
825,000 390,88? 1,223,887 1991443
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1977
DECEMBER 31, 1991
Date of Issue
Date of Maturity
Authorized Issue
Actual Issue
Denomination of Bonds
Interest Rates
Interest Dates
Payable at
Principal Maturity Date
July 1, 1977
January 1, 1998
$4,525,000
$4,525,000
$ 5,000
Bonds 1 to 235-6.0%
Bonds 236 to 320-4.6%
Bonds 321 to 365-4.8%
Bonds 416 to 465-4.9%
Bonds 466 to 905-5.0%
January 1 and July 1
American National Bank
& Trust Company of Chicago
January 1
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Bond
Year Numbers
1992 521-575
1993 576-635
1994 636-695
1995 696-760
1996 761-830
1997 831-905
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1979
DECEMBER 31, 1991
Date of Issue
Date of Maturity
Authorized Issue
Actual Issue
Denomination of Bonds
Interest Rates
Interest Dates
Payable at
Principal Maturity
Date
October 1, 1979
January 1, 2000
$5,700,000
$5,700,000
$ 5,ooo
Bonds 1 to 400-7.50%
Bonds 401 to 455-6.75%
Bonds 456 to 645-6.5%
Bonds 646 to 790-6.6%
Bonds 791 to 955-6.7%
Bonds 956 to 1140-6.0%
January 1 and July 1
Glenview State Bank
January 1
CURRENT AND FUTURE PRINCIPAL AND
Bond
INT~R~T REOUIR~M~NTS
1991 456- 515 $ 300,000 110,188 410,188 1992 110,188
1992 516- 580 325,000 200,875 52§,875 1992 100,437 1993 100,438
1993 581- 645 3Z5,000 179,7§0 504,750 1993 89,875 1994 89,875
1994 646- 715 350,000 158,625 508,625 1994 79,312 1995 79.313
1995 716- 790 375,000 135.525 510,525 1995 67,762 1996 67,763
1996 791- 870 400,000 110,77§ 510,775 1996 55,387 1997 55,388
1997 871- 955 425,000 83,975 508,975 1997 41,967 1998 41,988
1998 956-1045 450,000 55,500 505,500 1998 27,750 1999 27,750
1999 1046-1140 475.000 28.500 $03.S00 1999 14.250 2000 14.250
314251000 110631715 414881713 4761760 5861953
Note: The principal and interest will be paid by Waterworks Fund - West.
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1987
DECEMBER 31, 1991
Date of Issue
Date of Maturity
Amount of Contract
Interest Rates
Interest Dates
Payable to
June 15, 1987
June 15, 1992
$300,000
5.95%
December 15 and June 15
Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REOUIREMENTS
Fiscal Requirements
Year Principal Interest Totals
1992 $34,108 1~015 35.123
Note: The principal and interest will be paid by Waterworks Fund - East and
Waterworks Fund ~ West.
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1989
DECEMBER 31, 1991
Date of Issue
Date of Maturity
Authorized Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
July 1, 1989
December 1, 2004
$8,000,000
$ 5,000
1989 - 1991 - 6.10%
1992 - 1993 - 6.20%
1994 - 1995 - 6.25%
June 1 and December 1
December 1, 2004
American National Bank
CURRENT AND FUTURE PRINCIPAL
AND INTEREST
Tax
Fiscal L~vy Bond Tax Levy
Year Year Numbers Principal Interest Tobals
1992 1991 96- 180 $ 425,000 481,937 906,937
1993 1992 181- 275 475,000 4~5,587 930,587
1994 1993 Z76- 375 500,000 4Z6,138 926,138
1995 1994 376- 480 525,000 394,888 919,888
1996 1995 481- 595 575,000 362,076 937,076
7~§25,000 31574,776 1110991776
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1996 - 1997 - 6.30%
1998 - 1999 - 6.40%
2000 - 2001 - 6.50%
2002 - 2004 - 6.60%
REOUIREMENTS
VILLAGE OF GLEN~IEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1990
DECEMBER 31, 1991
Date of Issue
Date of Maturity
Authorized Issue
Actual Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity
Date
Payable At
May 1, 1990
December 1, 2002
$4,500,000
$4,500,000
$ 5,000
1991 - 6.10%
1992 - 6.25%
1993 - 6.40%
1994 - 6.45%
1995 - 6.60%
June 1 and December 1
1996 - 6.70%
1997 - 6.80%
1998 - 6.85%
1999-2002 6.9%
December 1, 2002
American National Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REOUIREMENTS
Tax Levy Interest Due on
180,000 300,675 480,675 1992 150,337 1992 150,337
300,000 291,300 591,300 1993 1&5,650 1993 165,650
325,000 272,100 597,100 1994 136,050 1996 136,050
350,000 Z§1,138 601,138 1995 125,569 1995 128,569
375,000 Z28,037 603,037 1996 114,019 1996 114,018
425,000 202,91Z 627,912 1997 1D1,456 1997 101,456
423,000 174,01Z 599,012 1998 57,006 1998 87,006
450,000 144,900 594,900 1999 72,430 1999 72,450
475,000 113,85D 588,850 ZOO0 56,925 2000 86,925
575,000 81,075 656,075 2001 40,537 2001 40,537
600.000 41.000 641.000 2002 20.700 2002 20.700
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1991
DECEMBER 31, 1991
Date of Issue
Date of Maturity
Authorized Issue
Denomination Bonds
Interest Rates
Interest Dates
Principal Maturity
Payable At
December 1, 1991
December 1, 1999
$4,165,000
$ 5,000
1991 - 1992 - 4.40%
1992 - 1993 - 4.50%
1993 - 1994 - 4.70%
1994 - 1995 - 4.70%
December 1
December 1, 1999
American National Bank
1995 - 1996 - 4.90%
1996 - 1977 - 5.00%
1997 - 1998 - 5.00%
1998 - 1999 - 5.10%
CURRENT AND FUTURE PRINCIPAL AND INTEREST REOUIREMENTS
Tax
Fiscal Lev3- Bond
Year Ysar Numbers
1992 1991 1-80
1993 1992 81-160
1994 1993 161-245
1995 1994 246-389
1996 1995 390-532
Amount
$ 400,000 200,085 600,085 1992 100,043 1992 100,042
400,000 182,485 582,485 1993 91,242 1993 91,2&3
425,000 164,485 589,485 1994 82,243 1994 32,242
720,000 144,510 864,510 1995 72,255 1995 72,255
715,000 110,670 825,670 1996 55,335 1996 55,335
670,000 75,635 745,635 1997 37,818 1997 37,817
4§0,000 42,135 492,135 1998 21,067 1998 21,068
385,000 19,635 404,635 1999 9,817 1999 9.818
4,165~000 9391640 511041640 4691820 4691820
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Statistical Section
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VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES*, EXTENSIONS AND COTJ.KCTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1991
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
DECEMBER 31, 1991
(See Following Page)
.......... WWWWWWWWWWW .......... I
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VILLAGE OF GLENVIEW, ILLINOIS
SCHEDULE OF DIRECT AND OVERLAPPING BONDED DEBT
DECEMBER 31, 1991
72.41 $ 5,625.000 80.126 4,§07,088
9.3 1,350,000 29.519 398,507
7.8 6,775,000 16.625 1,126,364
3.4 4,980,000 4.804 239,239
3.2 16.698
2.0 12,610,000 2.637 332,526
1.9 6,900,000 7.608 524,952
High School Districts:
Northfleld Township SIsh School Dist. No. 225 88,9
Haw Trier Township High School Dist. No. 203 5.2
Niles Township Hish School Dist. No. 219 3.9
Maine Township Hish School Dist. No. 207 2.0
100.0
4,250,000 29.435 1,250,988
6,148,000 2.408 99,812
4,900,000 1.670 72,030
.642
8.299
OTHER THAN SCHOOL DISTRICTS:
Cook County, Incl. Forest Preserve Dist. 100,0 818,518,381 (2) 1.271
Metropoltta~ Water Reclamation Diet. 100.0 939,390,000 (2) 1.300
Glenvi~ Park Dist. 98.7 4,900,000 75.720
Northfield Woods Sanitary Dist. 6.1 2,025,000 17.976
Glenvtew Special 8e~ice ~zceas Various 1,206,089 100.000
Total Other Than School Districts
Village of Glenvlew 100.0 22,349,108 I00.0
Total Overlappln8 Bonded Debt
8,551,486
3,710,280
864,014
1,206,089
27,895m821
5817961415
1. Village's share based upon 1990 Reel Property valuations.
2. Excludes General Obligation Notes issued in lieu of tax anticipation warrants and norse issued to
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VILLAGE OF GLENVIEW, ILLINOIS
SCHEDULE OF LEGAL DEBT MARGIN
DECEMBER 31, 1991
There is no legal debt limit for home rule municipalities in Illinois.
Article VII, Section 6(k) of the 1970 Illinois Constitution governs computation
of the Legal Debt Margin.
"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 municipalities
except for certain counties surrounding Cook County.
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VILLAGE OF GLENVIEW, ILLINOIS
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
DECEMBER 31, 1991
Fiscal
Year
(2)
Education
(1) Level In (2) (3)
Per (1) Years of School Unemploy-
(1) Capita Median Formal Enroll- ment
Population Income Age Schooltn~ ment Percentaze
1982 33,131 14,785 33.1 15.1 2,797 4.9
1983 33,986 15,450 33.3 15.3 2,762 5.1
1984 34,225 15,856 33.8 15.6 2,751 6.0
1985 34,500 18,632 33.8 15.6 2,666 5.4
1986 36,375 18,741 33.6 15.7 2,701 5.3
1987 36,400 19,490 33.9 15.9 2,794 4.7
1988 36,400 21,429 34.5 16.4 2,963 4.3
1989 36,400 22,350 34.7 16.5 3,024 4.5
1990 37,093 22,791 34.9 16.4 3,121 3.9
1991 37,093 24,838 35.5 16.6 3,015 3.6
Data Sources
(1) U.S. Department of Commerce, Bureau of the Census, 1990 date based on the
actual count; other years estimated by the Glenview Planning Department.
(2) Glenvtew School District ~34 actual count, as of December 31, 1991.
(3) Illinois Department of Labor, Illinois Department of Employment Security.
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Date of Incorporation
VILLAGE OF GLENVlEW, ILLINOIS
MISCELLANEOUS STATISTICS
DECEMBER 31, 1991
Form of Government
June 20, 1899
Geographic Location
Council-Manager
Area
20 Miles North of Chicago
PoPulation
13 Square Miles
1950
1960
1963
1970
1975
1980 (1)
1984
1985
1986
1987
1988
1989
1990
Number
Median
(1)
(1)
of Total Housing Units (1980 Census)
Value Owner-Occupied Noncondominium Housing Units
6,142
18,132
22,364
24,880
30,552
32,060
34,225
34,500
36,375
36,400
36,400
36,400
37,093
23,336
$235,600
Distribution of Owner-Occupied
Noncondominium Houses by Value
Unit Value by Range (1)
Under $100,000
100,000 - 199,999
200,000 - 299,999
300,000 or More
Unit Distribution
Number Percent
305 3.2%
3,303 34.7
2,895 32.4
3,017 31,7
91520 10.__~0
The above information from the Bureau of the Census, other years estimated.
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VILLAGE OF GLENVlEW, ILLINOIS
MISCELLANEOUS STATISTICS (CONT.)
DECEMBER 31, 1991
Fire Protection
Number of Firemen
Number of Stations
Number of Fire Hydrants
I.S.O. Rating
Police Protection
Number of Policemen
Number of School Crossing Guards
Number of Stations
Library Services
Number of Libraries
Number of Books
Number of Records
Number of Audio Cassettes
Number of Slides
Number of Video Tapes
Number of Compact Discs
Number of Registered Borrowers
1991 Book Circulation
Recreation Facilities
Number of Parks and Playgrounds
Park Area in Acres - Park District Owned
Park Area in Acres - Park District Leased
Municipal Parking Facilities
Number of Parking Spaces
Number of sewer customers served during
fiscal year
Number of metered water customers at December 31, 1991
Number of uumetered water customers at December 31, 1991
Gallons of water purchased during fiscal year
Gallons of water billed during fiscal year
Water Storage Capacity
Ground Storage
Elevated Storage
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Waterworks
Fund - East
6,836
7,433
None
1,400,048,000
1,020,816,000
41
1
2,005
Glass 3
61
18
1
1
192,927
6,625
5,177
166
2,895
1,749
32,752
597,630
24
340
125
666
Waterworks
Fund- West
1,677
5,499
None
929,438,000
916,854,000
8,500,000
1,000,000
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL SERVICES AND FACILITIES
DECEMBER 31, 1991
Number of Full Time Employees (on December 31, 1991)
Miles of Streets Maintained by Glenview
Identified by Functional Classification:
Arterial
Collector
Residential
Cul-De-Sacs
Total
Miles of Streets Maintained by Glenview
Identified by Surface Type:
Asphalt
Concrete
Total
Miles of Alleys Maintained by Glenview
Miles of Streets within the Village of
Glenview Maintained by Cook County
or the State of Illinois
Miles of Sanitary Sewers
Miles of Storm Sewers
Number of Village owned Street Lights
Building Activity
Number of Permits issued in 1991
Value of Construction Authorized in 1991
147
198
7
5
84
12
108
91
17
10__8
2,2
22
85
74
66
620
$17,191,189
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VILLAGE OF GLENVIEW, ILLINOIS
SALARIES AND SURETY BONDS
OF PRINCIPAL OFFICIALS
DECEMBER 31, 1991
Village President
Village Trustees
Village Treasurer, Manager, and Clerk
Finance Director
Purchasing Agent
Assistant Finance Director
Assistant Village Manager
Police Chief
Deputy Police Chief
Police Commander
Fire Marshal
Deputy Fire Marshal
Fire District Chief
Director of Development
Village Engineer
Public Works Superintendent
Director of Building and Zoning
Water Distribution Superintendent
Head Librarian
Public Works Director
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Annual
Salary
$ 1,200
3O0
94,500
72,555
44,904
49,236
46,998
67,980
56,352
52,296
66,660
56,352
50,220
67,980
57,252
53,185
54,528
53,184
60,000
67,980
Amount of
Surety Bond
250,000
250 000
500 000
250 000
250 000
250 000
250 000
250000
250000
250000
250,000
250,000
250 000
250 000
250 000
250 000
250 000
250 000
250 000
250 000
Year
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
Sales
Tax
1,908,785
2,023,939
1,974,783
2,462,183
2,815,209
3,178,578
3,132,518
3,425,477
3,287,825
3,358,151
VILLAGE OF GLENVIEW, ILLINOIS
MAJOR CORPORATE FUND REVENUE SOURCES
NON - REAL ESTATE TAX
DECEMBER 31, 1991
% of % of
Total Utility Total
Revenue Tax Revenue
Income
Tax
28.7 1,659,139 24.9
28.4 1,918,899 26.9
27.0 1,991,104 27.2
30.2 1,999,838 24.5
28.7 2,066,996 21.1
30.3 2,119,255 20.2
30.3 2,202,445 21.3
28.8 2,414,772 20.3
25.6 2,419,76~ 18.9
28.5 2,687,159 22.8
614,382
685,991
766,168
723,008
804,896
900,124
952,708
1,406,056
1,345,428
1,605,474
150
% of
Total
Revenue
9.2
9.6
10.5
8.8
8.2
8.6
9.2
11.8
10.4
13.6
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