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HomeMy Public PortalAbout1991 Comprehensive Annual Financial ReportI I I 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 PAGE t ii iii-iv v-xii xiii 1-2 4 6 7 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 PAGE 52 53 54-55 56-67 68 69 70 71 72 73 I I I i ! ! I i I I I 1 I I I I I I I 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 PAGE 74 75 76 77 78 79 80 81 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 PAGE 83 84 85 86 87 88-89 90 91 92-93 94 95 96 97 I i I I I I I I I I I I i I I t I I 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 PAGE 98 99 100 101 102 103 104 105 106 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 PAGE 107 108 109 110 111 112 113 114 115 116 I I I I I ! t I I I I i I I I I I I ! ! t I i I i I I I ! I ! I I I I 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 PAGE 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 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 PAGE 135 139 140 141 142 143 144 145-146 147 148 149 150 I I t i 1 i I i I I I 1 I I I i I I I I I I I I I I I I t I I I I I I I I 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 i I I I I I I I I i t 1 I I I I I i I I 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 I I I I I I I I I ! I I I I I I I I I [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. iii 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 iv ! I I I I I I I i I I I I I I I I I I I I I i I I I I I I I I I I 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. I vi t I 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. I viii i I I I I I I I I I I I I I I I I I 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. I I I 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. i I I 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 I I I I I I 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. I I I 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 I I I I I I I I I I 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. I xi 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. I I I Respectfully submitted, Dennis M. Lauer Director of Finance I xii I I I I I I I I I I I I I I I I I I I 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 xiii I I I I I I I I I I I I I I I I I I I INDEPENDENT AUDITOR'S REPORT I 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 I I I I I I I I I I I I I I I I ! I I VILLAGE OF GLENVIEW, ILLINOIS ALL FUND TYPES AND ACGOUNT GROUPS COMBINED BALANCE SHEET DECEMBER 31, 1991 (See Following Page) O~ 0 I I I I i I I I I I I I I I i I I I I I I I / i I I I i I I ! I ! I ! I I I I ! I I I I ! I i I I I i I I ! I I I ~' oo o~ n~ o l ! I i i I I i I I I i I I ! I I I I I I I I i I I I ! i I I I i I I 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 I I i I I 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 I I I I I I I I I I i I I I I ! I I I I i I I I I ! I I I I I I I 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 I I I i i I i I I I i I I I I i I I I 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. 10 I I I I I I i I I I I I I I I I ! I I I ! I I i I ! I I I I I I I I I ! I I 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. 11 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1991 S,,mmary of Significant Accounting Policies (Cont.) C. Basis of Accounting (Cont.) I I I I 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. I I I I I I I 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. I I 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. 12 I I I I I I I I I I I I i I I I I I I i I I I I I 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 13 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. 14 I i I 1 I I I I I I I I I I I I I I I 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. 15 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. 16 i i i I I I I I I I I I I I I I I I I 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 I I I I I I i I I I I I 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 18 $326,918 614 768 42,851 104,870 2,101 6,368 1,981 I I I ! I I I 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. 2O I I I I I I I I I I I I I I I I I I I 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 21 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. 22 I I I I I I I I I I I I I I I I I I I 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 23 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 24 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 I I I I I I I I I I I I I I I I I I I I I I I I I i I I I I I I i I I I I i 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. 26 I I I i i I I I I I I I I I I I I I I 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. 28 I I I I I I I I I I I I I I I I I I I 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 29 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 I I I I I I I I I I I I I I I I I I I 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 31 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 I I I I I 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) I I I I I I I I I I I I I ! ! ! 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". 33 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 34 I I I I I I I I I I I I I ! I I I I I 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. 35 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 I I I I I I I 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. 36 I I I I I I I I I I I ! 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 37 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. 38 I I I I I I I I I I I I I I I I I I I 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 40 I I I I I I I I I I I I I I I I I I I ! ! 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. 42 I I I I I I I I I I I I I I I I I I I 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 I I I I I I I I I ! I I I I I I I I I I I I I i I I I ! I I I I i I I ! I i 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. 46 ! I I I i I I I ! I I I I i I I I I I I I I I i I I I I I I i I I I ! I ! I 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 I t I I 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 I I I I I I I i Actuarial Valuation Date b) Projected Salary Increases - Attributable to Inflation c) Additional Projected Seniority/Merit d) Postretirement Benefit 48 I ! ! I I I I I I I I i I I I I i I I I I I 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 50 I I I I I i i ! i I I ! I i I I I I I I I i I i I i I I i I I I I I I ! 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 51 ! I I I ! I I I I I I I I I I I I I i 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. 53 I I I I I I I I I I I I I I I I I I I 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 I I I I I I I I I I I I I I I I i I I 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 i I I I I i I I I I I I I I I I I i I 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 I I I I I I I I I I I I I ! I I I I I 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 ! m m ! m ! ! ! ! ! ! ! ! m ! ! ! ! ! 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 63 I I I I I I I I ! I I I I I I I I I i 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 65 I I I I I I I I I I i I I I I I I I I I I I I I I I I I I I I I I I I I I I 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 67 I I I I I I I I I I I I i I I I I I I I I I I i I ! I I I ! I I I I I I I 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. ! ! ! I I i I I i I I I I I I I I I o~ m I I I I I I I I I I I I I I I I I I I 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 71 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 I I I I I I I I I i I I I I I I I I I ! I I I I I I I I I I I I I I ! I i I 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. 72 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. 73 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) ! I I I I I i I I I I I I I I I t I I 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 74 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. 75 i i I I i i 1 I i ! ! I i I I I I I ! I I I I I i I i I ! I I I I I I I I 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 76 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. 77 Actual 224,510 1,488 225.998 167,035 104,068 1.652 272.755 (46,757) (89,700) 40,744 (48,956) (951713) I I I I I I I I I I I I I I I I I I I ! I l I I i I I I I I I i I I I I I i 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. 78 Actual 278,378 3,292 281.670 264 288 226,674 227,226 54,444 54,444 <7,253) I I I I I I I I I I I I I I I I I I 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. ,I i i t I I I I I I I I I I I I I I I I I I I I ! I I I I I I I I I I I I I 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 I I I I I 1 I I I I 1 I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 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. I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ! I I I I I 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 85 I I I I I I I I I I I I I I I I I I I 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 i I I I I I I I I I I I I I I I I I I 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 0 I I I I I I I I I I I I I I I I I 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 I I I I I I I I I I I I I I I I I I I 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 93 I I I I i I I I I I I i I I I I I I 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 I I I I I I I I I I I I I I I I I I I ! ! 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 m ! ! m m ! m ! ! m m m ! ! m ! m ! ! I I I I I I I I I I 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 I i I ! I I I I I I I ! I I I I I I I 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 ! i I i I I I I I I I I i I I I I I I 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 i I I i I I I I I I I I I I I I I I I 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. ~> 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 I I I I I I I I I I I I I I I I I I I 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 I I I I I I I I I I I I I i I i I I I 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 i i I I i I I I I I I I I I I I I I I 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 I I I I I I I I I I I I I i I I I I 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 I I I I I I I I I I I I I I I I I I I 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 ! I I I i I ! I ! I ! I I I I ! I I I 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 ! I I I I I 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 I I I I I I I ! I I I I i 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 6,413 198 240 265 258 305 321 444 369 409 429 728 440 592 447 443 172 555 941 456 683 121 I i i I I I I I i I I i I i I I I I ! I I I I ! I I I I I I I I I I I i 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 125 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 831-905 126 ! ! I I I I I I I I II I I I I I I I I I I 1 I I I I I I I I I I I I I I I I 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. 127 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. 128 i I i i I i I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I i 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 129 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 20.700 130 I I I I I I I i I I I I I I i I I I I I I I I I I I I ! I I I I I I I I I I 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 131 Statistical Section I I I I VILLAGE OF GLENVIEW, ILLINOIS PROPERTY TAX ASSESSED VALUATIONS, RATES*, EXTENSIONS AND COTJ.KCTIONS LAST TEN FISCAL YEARS DECEMBER 31, 1991 (See Following Page) ~H ,] ,[ I I I I I I I I I I I I I I I I I I I i i I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I VILLAGE OF GLENVIEW, ILLINOIS PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS LAST TEN FISCAL YEARS DECEMBER 31, 1991 (See Following Page) .......... WWWWWWWWWWW .......... I I i I I I I I I I I I I I I I I I I I I I I I I I I I ~> I I I o ~ I I I I I I I I I 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 138 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. 139 I I I I I I I I I I I I I I I I I I I I I I I ' i I m o ~ m m m m m m m m I I I I I I I I I I I I I I I I I I i 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. 142 I I I I I I I I I I I I I I I I I I i I I I I I I I I I I I I I I I I I I ~> i I I i I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 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. 145 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 146 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 I I I I I I I I I I I I I I I I I I I I I I I I I I ! I I I I I I I I I I I 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 ~ . I I I I i I i I i i I I I I I I I I I I I I ! I I I I I I I I I I I I I I 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 149 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 i I I I I i I I i I i I i I I I I I I