HomeMy Public PortalAbout1986 Comprehensive Annual Financial ReportI
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COMPREHENSIVE
ANNUAL
FINANCIAL REPORT
FOR THE
FISCAL YEAR ENDED
DECEMBER 31, 1986
PREPARED BY
DENNIS M. LAUER
FINANCE DIRECTOR
VILLAGE OF GLENVIEW
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TABLE OF CONTENTS
INTRODUCTORY SECTION
Principal Officials
Organization Chart
Certificate of Achievement for Excellence in Financial Reporting
Village Manager's Letter of Transmittal
Director of Finance's Letter of Transmittal
FINANCIAL SECTION
AUDITORS' REPORT ON THE FINANCIAL STATEMENTS
COMBINED STATEMENTS - OVERVIEW ("Liftable" General Purpose
Financial Statements)
Combined Balance Sheet - Ail ~nd Types and A~count 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 - B~dget and Actual - General, Special Revenue,
Debt Service, and Capital Projects 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 Changes in Financial Position -
Ail Proprietary and Fiduciary (Pension Trust) Fund Types
Notes to the Financial Statements
FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS
GOVERNMENTAL FUND TYPES
GENERAL FUND
CORPORATE FUND
Financial Statements
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
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1-2
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8-38
39
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES
ENTERPRISE FUNDS
Ail Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings - Unreserved
Combining Statement of Changes in Financial Posit ion
Waterworks - East Fund
Financial Statements
Statement of Changes in Contributed Capital
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Stat ements
Statement of Operating Expenses - Budget and Actual
Statement of Fixed Assets and Depreciation
Waterworks - West Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Statements
Statement of Operating Expenses - Budget and Actual
Statement of Fixed Assets and Depreciation
Sewerage Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Statements
Statement of Operating Expenses - Budget and Actual
Statement of Fixed Assets and Depreciation
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69
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74-75
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78-79
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
ENTERPRISE FUNDS (CONT.)
Commuter Parking Lot Fund
Financial Statements
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual
Statement of Operating Expenses - Budget and Actual
Supplemental Statements
Statement of Fixed Assets and Depreciation
INTERNAL SERVICE FUND
Municipal Equipment Repair Fund
Financial Statements Balance Sheet
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual
Statement of Changes in Financial Position
Supplemental Statement
Statement of Operating Expenses - Budget and Actual
FIDUCIARY FUND TYPES
TRUST AND AGENCY FUNDS
Ail 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)
Combining Statement of Changes in Financial
Position (Pension Trust Funds)
Pension Trust Funds
Police Pension Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual
PAGE
85
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96
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
FIDUCIARY FUND TYPES (CONT.)
TRUST AND AGENCY FUNDS (CONT.)
Pension Trust Funds (Cont.)
Firemen's Pension Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Fund BaLance - Budget and Actual
Deferred Compensation Plan
Financial Statements
Statement of Changes in Assets and Liabilities
ACCOUNT GROUPS
GENERAL FInD ASSETS ACCOUNT GROUP
Financial Statements
Statement of General Fixed Assets
Supplemental Statements
Statement of General Fixed Assets - By Function
and Activity
Statement of Changes in General Fixed Assets -
By Function and Activity
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Financial Statements
Statement of General Long-Term Debt
SUPPLEMENTARY DATA
Combined Statement of Cash and Investments
Combined Statement of Investments
Statement of Insurance in Force
Long-Term Debt Requirements
Police Administration Building Bond Series of 1972
Municipal Building Bond Series of 1979
General Obligation Library Bond Series of 1984
General Obligation Library Bond Series of 1985
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104-106
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
SUPPLEMENTARY DATA (CONT.)
Long-Term Debt Requirements (Cont.)
Special Service Area #1 Bond Series of 1980
Special Service Area #2 Bond Series of 1981
Special Service Area #3 Bond Series of 1981
Special Service Area #4 Bond Series of 1982
Special Service Area #5 Bond Series of 1985
Corporate Purpose Bond Series of 1977
Corporate Purpose Bond Series of 1979
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 - All Overlapping Governments -
Last Ten Fiscal Years
Special Assessment Collections - Last Ten Fiscal Years
Ratio of Net General Bonded Debt to Assessed
Value and Net Bonded Debt Per Capita -
Last Ten Fiscal Years
Statement of Direct and Overlapping Debt
Statement of Legal Debt Margin
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Governmental
Expenditures - Last Ten Fiscal Years
Statement of Revenue Bond Coverage - Last Ten Fiscal Years
Demographic Statistics - Last Ten Fiscal Years
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TABLE OF CONTENTS (CONT.)
STATISTICAL SECTION (CONT.)
Construction, Bank Deposits and Property Values -
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
PAGE
131
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133-134
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Scott J. Elton
Ronald V. Norene
Lowell Scott Weil
VILLAGE OF GLENVIEW, ILLINOIS
PRINCIPAL OFFICIALS
DECEMBER 31, 1986
LEGISLATIVE
VILLAGE BOARD OF TRUSTEES
James W. Smirles, President
Katherine G. Appert, Clerk
Delia Brady Stowe
James M. Weiss
Robert E. Browne
EXECUTIVE
Paul T. McCarthy, Village Manager
FINANCE DEPARTMENT
Dennis M. Lauer, Director of Finance
Mary L. Reibel, Assistant Director of Finance
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ORGANIZATIONAL CHART
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VILLAGE CLERK
4 YR. TERM
CABLE
COMMISSION
TRUSTEE
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HEALTH
OFFICER
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DIRECTOR OF
DEVELOPMENT
POLICE
CHIEF
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FIRE
CHIEF
ELECTORATE
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VILLAGE PRESIDENT
4 YR, TERM
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VILLAGE
MANAGER
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BOARD OF TRUSTEES
E MEMBERS
4 YR. TERM
YILLAOE
ATTORNEY
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NORTRAN
TRUSTEE
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FINANCE
DIRECTOR OF
PERSONNEL
DIRECTOR OF
PUBLIC WORKS
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BOARDS AND CO~MISSIONS APPOINTED BY THE PRESIDENT
AND BOARD OF TRUSTEES
I PLAN COMMISSION
POLICE AND FIRE COMMISSION
ZONING BOARD OF APPEALS
IAPPEARANCE COMMISSION
SENIOR CITIZEN COMMISSION
POLICE PENSION BOARD
FIRE PENSION BOARD
ELECTRICAL COMMISSION
FORESTRY COMMISSION
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Village of Glenview,
Illinois
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1985
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
governmental units and public employee retirement
systems whose comprehensive annual financial
reports (CAFR's) are judged to substantially
conform to program standards
President
Executive Director
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TELEPHONE
724-t700
LEnVIEUJ
1225 WAUKEGAN ROAD
GLENVIEW, ILLINOIS ~025-3071
April 15, 1987
Honorable President and
Members of the Board of Trustees
Village of Glenview
Gentlemen:
In accordance with state statutes and local regulation~ 1
hereby transmit the comprehensive annual financial report of
the Village of Glenview as of December 31~ 1986 and for the
fiscal year then ended. Responsibility for both the
accuracy of the presented data and the completeness and
fairness of the presentation~ including 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 maximum
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, 1 believe
that the Village's internal accounting controls adequately
safeguard assets and provide reasonable assurance of proper
recoraing of financial transactions.
This report has been prepared following the guidelines
recommended by the Government Finance Officers Association
of the United States and Canada. The Government Finance
O/fleers Association awards Certificates of Achievement to
those governments whose comprehensive annual financial
reports are judged to conform substantially with high
standards oi public reporting including generally accepted
accounting principles promulgated by the Governmental
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
Association for review. The ¥illage of Glenview has held a
certificate for the last three consecutive fiscal years.
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In accordance with the above mentioned guidelines, the
I accompanying report consists of three parts:
1. Introductory section~ a letter of transmittal from the
Director of Finance.
I 2. Financial section, including the financial statements
and supplemental data of the government accompanied by
I our independent auditor's opinion
~. Statistical section, including a number of tables of
unaudited data depicting the financial history of the
I Village for the past ten years, information on
overlapping governments, and demographic and other
miscellaneous information
I State law required that the financial statements of the
Village of Gl enview be audited by a certified publie
I 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 of the eeonomy, is the
I impact on our budget. Presently our revenues
of
inflation
are strong in all areas with.the possible exception of the
~aterworks and Sewerage Fund-East. The water rate increase
I that went into effect on January 1, 1986 strengthened the
fund. Revenue projections must be monitored constantly to
provide the Board advance notice in the event the revenue
i patterns change. The Director of Finance is entrusted with
the responsibility of evaluating and reporting on the
financial condition of the Village.
i 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
I past years toward upgrading the accounting and financial
reporting systems of the Village of Olenview have continued
to improve the quality o~ the information being reported to
the Board of Trustees ~ s%ate oversight boards and the
i of Olenview.
citizens
I Paul T. ~cCarthy
Village Manager
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TELEPHONE
724-1700
L
EnVIEUJ
1225 WAUKEGAN ROAD
GLENVIEW, ILUNOIS ~025-3071
April 15, 1987
Mr. Paul T. McCarthy, Village Manager
Village of Glenview
Glenview, Illinois 60025
The Comprehensive Annual Financial Report of the Village of
Glenview for the fiscal year ended December 31, 1986 is
submitted herewith. This report was prepared by the
Village's Finance Department. Responsibility for both the
accuracy of the presented data and the completeness and
fairness of the presentation, including all disclosures,
rests with the Village. I believe 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 its various funds; and that all
disclosures necessary to enable [he reader to gain the
maximum understanding of the Village's financial affairs
nave been included.
Accounting System and Budgetary Control
In developing and evaluating the Village's accounting
system, consideration is given to the adequacy of internal
accounting controls. Internal accounting controls are
designed to provide reasonable, but not absolute, assurance
regarding the safeguarding of assets against loss from
unauthorized use or disposition and the reliability of
financiai records for preparing financial statements and
maintaining accountability for assets. The concept of
reasonable assurance recognizes that the cost of a control
should not exceed the benefits likely to be derived aha the
evaluation of costs and benefits requires estimates and
judgments by management.
All internal control evaluations occur within the above
framework. I believe that the Village's internal accounting
controls adequately safeguard assets and provide reasonable
assurance of proper recording of financial transactions.
Budgetary control is maintained at the department and/or
sub~epartment level by estimating purchase amounts prior to
I the release of purchase orders to vendors. Purchase orders
which result in an overrun of account budgets are not
released until appropriate budget transfers have been made.
I Open purchase orders, if any, are reported as reservations
of fund balance at December 31, 1986.
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The Reporting Entity and Its Services
I This report includes all of the funds and account groups of
the Village. It also includes all activities considered to
I be part of the Village of Glenview as determined by the
application of the criteria set forth in "Defining the
Governmental Reporting Entity - NCGA Statement 3~. In
i accordance with NCGA Statements 3 and 7, for financial
reporting purposes the Village's financial statements
include all funds, account groups, departments, agencies,
boards, commissions and other organizations over which
i Village officials exercise oversight responsibility.
Oversight responsibility includes such aspects as
I appointment of governing body members, budget approval,
approval of property tax levies, outstanding debt secured by
Village full faith and credit or revenues, responsibility
i for funding deficits and others.
The Village considered the following entities when
implementing NCGA Statements 3 and. 7. The criteria in
I Statements 3 and 7 did not require the inclusion of these
entities in the Village's financial statements principally
because the Village does not exercise oversight
I responsibility over such entities. Listed below are the
entities that were considered:
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Regional Emergency Dispatch Center
.Northwest Mosquito Abatement District
Glenbrook Fire Protection District
Glen Oak Sanitary District
Waukegan Road Sanitary District
The Village provides the full range of municipal services
contemplated by statute or charter. This includes public
safety (police and fire), high~ays and streets, sanitation,
health and social services, culture-recreation, public
impr ov em en t s , p I ann ing and zon lng ~ and general
administrative services.
LEnVIEUJ
General Governmental Functions
I Revenues for General, Special Revenue and Debt Service Fund
purposes totaled $13,386,775 in 1986, an increase of 18.8
ipercent over 1985. Taxes produced 69.6 percent of general
revenues compared to 72.2 percent last year. The amount of
revenues from various sources and the change from last year
are shown in the following tabulation:
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1986 R F.¥ENUE Increase
I Percent (decrease)
Revenue Source Amount of total from 1985
Taxes $ 9,320,183 69.6 $1,177,4§5
i Licenses & Permits 1,099,350 8.2 246~893
Intergovernmental 667,710 5.0 <84,487>
Charges for Service 594,979 4.4 241~008
Fines and Forfeits 278,829 2.1 1,450
I Miscellaneous 1 425 724 10 7 532
304
Total $13,386,775 100% $2~114,623
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The 1986 assessed valuation estimate of $419 million
i represents an decrease of 4. 0 percent from the preceding
year actual assessed valuation. The decrease in the
estimated assessed value is a function of a decreasing state
equalization factor. The state has decreased the
I equalization factor three consecutive years. I anticipate
another decrease.
i The Village collected 99.9% of the current year's (1985) tax
levy. Property taxes which are delinquent more than one
year have been written off; subsequent collections of such
taxes are reflected as "prior year tax revenue" in the year
I collected. Allocations of the tax
property
levy
by
purpose
for 1986 and the preceding three levy years are as follows
(amounts per $100/assessed value):
I Purpose 1986' 1985 1984 1983
General Fund .32~4 .2626 .236 .279
i Special Revenue Funds' .4297 .3092 .238 .270
General Obligation Debt .0668 .2147 .181 .068
Pension Trust Funds .1824 .2051 .194 .195
Total Tax Rate $1.0083 $.9916 $0.849 $0.832
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*Estimated
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The 1986 tax levy rate is estimated to be $0.017 higher than
the final rate for 1985. The general obligation debt rake
decreased from $0.2147 to $0.0668. The Cook County Clerk
separates the Village tax levy from the Public Library Fund
on the tax bills. For the discussion in this section of the
letter the "tax rate" refers to the combined rate. The
Illinois Municipal Retirement Fund rate is included with
other funds classified as Special Revenue Funds. Police
Pension and Fire Pension Fund tax rates are combined and are
shown under the heading Pension Trust Funds.
Expenditures for General, Special Revenue and Debt Service
Fund purposes totalled $11,455,510, an increase of 8.73
percent over 1985. Increases in levels of expenditures for
major functions of the Village over the preceding year are
shown in the following tabulation:
1986 EXPENDITURES Increase
Percent (Decrease)
Amount of total from 1985
General Government $2,058,027 18.1 $238,274
Public safety 4,592,067 40.0 155,429
Highways aha streets 1,952,831 17.0 69,017
Welfare 953,469 8.3 108,181
Culture-recreation 1,027,686 9.0 211,956
Debt service 871,430 7.6 136,504
Total $11,455,510 100% $919,361
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Debt Administration
The ratio of net bonded debt to assessed valuation and the
amount of bondea debt per capita are useful indicators of
the Village's debt position to municipal management,
citizens, and investors. This data for
Glenview at the end of the 1986 fiscal year
Gross Bonded Debt
Police Administration Building Bonds~ 1972
Corporate Purpose Bonds, 1977
Corporate Purpose Bonds, 1979
Municipal BuilOing Bonds, 1979
General Obligation Library Bonos, 1984
General Obligation Library Bonos, 1985
the Village of
is as follows:
$ 325.000
3,150 600
4,450 000
500 000
2,900 000
100 000
-- L VIEI.U
I Special Service Area #1 Bonds 28,000
Special Service Area #2 Bonds 29,123
i Special Service Area #3 Bonds 19,161
Special Service Area #4 Bonds 70,730
i Special Service Area #5 Bonds 47~233
I Gross Bonded Debt
December 31, 1986 $11~619~247
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Ratio of debt to Debt per
Amount assessed value * capita **
Gross
Bonded Debt $11,619,247 2.77% $320.62
* Estimated 1986 assessed valuation $419,000,000
** Estimatea 1986 Population 36,240
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Gross Bonded Debt at December 31, 1986 totaled $11,619,247
as shown above. However, $7,600,000 is the balance
remaining on bonds issued for water system
improvements. These issues are identified as Corporate
Purpose Bonds, 1977 and 1979. Because these bonds are being
retired with water fund revenue, they are considered self-
supporting. The five special service area bonds were issued
in the name of the Village of Glenview and in theory,
constitute a debt of the Village. These issues are being
retired by a tax applied only to the special service area
affected. Therefore, they are excluded, as are the water
improvement bonds from the following calculation. Below is
a recalculation of the ratio of debt to assessed value and
debt per capita based on net bonded debt.
Ratia of debt to Debt per
Amount assessed value * capita **
Net
Bonded Debt $3,393,903 .81% $93.65
The net amount of $431,097 represents the available Debt
Service Fund money. Available funds relate only to general
obligation bond issues and is net of issues retired from
water luna revenue and Special Service Area Bonds.
*See Notes Above
LEnVlElU
I Moody's Investors Service
The Village's General Obligation Bonds continue to have the
i Aa rating which they have carried for the past several
years. It should be pointea out that the Village of
Glenview has no outstanaing revenue bonds as of December 31,
1985. On August 21, 1984 the Village Board adopted
I defeasing remaining revenue bonds. The
Ordinance
#2582
the
bond issue was scheduled to reach final maturity in 1988.
I Cash Management
Cash temporarily idle during the year was invested in
i savings accounts, short term certificates of deposit, money
market funds, U. S. treasury notes, bonds and Government
National Mortgage Association bonds held mainly for the
Police and Fire Pension Funds. The average yield on short
I term investments held on December 31, 1986, was 6.33
percent. All of the investments held as of December 31,
1986 conform to all of the provisions of the Village's
I investment policy as it was adopted on February 21, 1983,
and to GASB statement 3.
i Capital Projects Funds
Procee~is of general obligation bond issues are accounted for
in Capital Projects Funcls until improvement projects are
I completed. Completed projects and uncompleted construction
in progress at year end are capitalized in the General Fixed
Assets Account Group. The last bond issue was in 1985. The
proceeds were used to complete the library expansion
project. The next scheciuled bond issue will be in early
1987. Proceeds from that sale will be used for water
improvement s.
i General Fixed Assets
I The general fixed assets of the Village are those fixed
assets u'sed in the performance of general governmental
functions and exclude the fixed assets of Enterprise and
i Internal Service Funds. As of December 31, 1986, the
general fixed assets of the Village amounted to $18,892,680.
This amount represents the original cost of the assets and
is consider§hly less than their present value. Depreciation
I of general fixed assets is not recognized in the Village's
accounting system.
LErtVIELU
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~aterworks Funds
The financial position of the Waterworks Fund-East improved
as a result of operation in fiscal year 1986. The fund
experienced operating income of $543,851. A complete
analysis of this fund was submitted to the Board along with
a recommendation for a rate increase in late 1985. The rate
adjustments were approved and went into effect in 1986.
Waterworks Fund-West ended the year in a stable financial
position. This fund ended the year with a net operating
income, exclusive of depreciation, of $1,105,321. The
reserve balance as of December 31, 1986 is adequate to
properly a~minister this fund.
BOND COVERAGE
East Fund West Fund
1986 1986
Operating
revenue $1,965,257 $2,260,133
Operating
expenses 1~421,406
Operating
income $543,851
11154~812
$1~105,321
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Annual Debt
Service $
Coverage (income
available for
debt service
divided by
average annual
debt service)
$902,055
1.23
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Independent Audit
State Statutes require an annual audit of the books of
account, financial records, and transactions of all
administrative departments of the Village by independent
certified public accountants selected by the Board of
Trustees. This requirement has been complied with and the
auditor's opinion has been included in this report.
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Certificate of Achievement
The Government Finance Officers Association of the United
States and Canada (GFOA) awaras a Certificate of Achievement
to units of Government for the comprehensiveness of its
financial report. The Certificate of Achievement For
Excellence In Financial Reporting program was formerly known
as the Certificate of Conformance in Financial Reporting
In order to be awarded a Certificate of Achievement, a
governmental unit must publish an easily readable and
efficiently organized comprehensive annual financial report,
.whose contents conform to program standards. Such reports
must satisfy both generally accepted accounting principles
and applicable legal requirements.
A Certificate of Achievement is valid for a period of one
year only. I believe our current report conforms to the
program requirements. I will submit this report to GFOA to
determine its eligibility for a certificate.
The Village of Glenview currently holds a Certificate of
Conformance for its Comprehensive Annual Financial Report
for the year ended December 31, 1985. The Village also
previously held a certificate for fiscal years 1982, 1983
and 1984.
Prospects for the Future
Phase II of the Public Works Service Center project will be
eomplete~ an~ occupied in fiscal year 1987. Upon completion
of this phase the multiyear project will be two thirds
complete~ without incurring any debt. During 1987 final
plans will be made for the improvements to Glenview. It is
anticipated that construction will begin in early 1988 and
last two.years. Repairs an~ painting of the elevated water
tank on Waukegan Road are scheduled for 1987. The project
will begin in the spring and last two months. A bond issue
in the amount of $300,000 will be sold to finance the
project. In 1986 we opened a new enterprise fund to account
for the financial activity surrounding the sanitary sewer
system. I am confident that decision will help iramensely in
determining future sewer rates.
LEnVIEUJ
I Acknowledgements
The preparation of this report on a timely basis coula not
be accomplished without the efficient and dedicated services
I of the entire staff of the Finance
Department,
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should
like to express my appreciation to all members of the
Department who assisted and contributed to its preparation.
II should also like to thank the President and Board of
Trustees for their interest and support in planning and
conducting the financial operations of the Village in a
iprofessional and progressive manner.
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R~[~e-e t ire 1 y submitted,
Dennis M. Lauer
Director of Finance
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The Honorable James W. Smirles, Village President
Members of the Board of Trustees
Village of Glenview
1225 Waukegan Road
Glenview, Illinois 60025
We have examined the combined financial statements of the Village of
Glenview, Illinois and the combining, individnal fund, and account
gronp financial statements of the Village as of and for the year ended
December 31, 1986 as listed in the table of contents. Our examination
was made in accordance with generally accepted auditing standards and,
accordingly, included such tests of the accounting records and such
other auditing procedures as we considered necessary in the
circumstances.
In our opinion, the combined financial statements referred to above
present fairly the financial position of the Village of Glenview,
Illinois, at December 31, 1986, and the results of its operations and
the changes in financial position of its proprietary fund types and
similar trust funds for the year then ended, in conformity with
generally accepted accounting principles applied on a basis consistent
with that of the preceding year. Also, in our opinion, the combining,
individual fund, and account group financial statements referred to
above, present fairly the financial position of the individual funds
and account groups of the Village of Glenview, Illinois at December 31,
1986 and the results of operations of such funds and the changes in
financial position of individual proprietary fund types and similar
trust funds for the year then ended, in conformity with generally
accepted accounting principles applied on a basis consistent with that
of the preceding year.
Bank of Wheaton Building · 211 South Wheaton Avenue · Wheaton, Illinois 60187 · (312) 665-4510
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Village of Glenview, Illinois
Our examination was made for the purpose of forming an opinion on the
combined financial statements taken as a whole and on the combining,
individual fund, and account group financial statements. The
accompanying financial information listed as supplemental in the table
of contents is presented for purposes of additional analysis and is not
a required part of the combined financial statements of the Village of
Glenview, Illinois. The information has been subjected to the auditing
procedures applied in the examination of the combined, combining,
individual fund, and account group financial statements and, in our
opinion, is fairly stated in all material respects in relation to the
combined financial statements taken as a whole.
The statistical information listed in the table of contents was not
examined by us and, accordingly, we do not express an opinion thereon.
Karrison & Byrne
April 2, 1987
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VILLAGE OF GLENVIEW, ILLINOIS
ALL FUND TYPES AND ACCOUNT GROUPS
COMBINED BALANCE SHEET
DECEMBER 31, 1986
(See Following Page)
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VILLAGE OF GLENVIEW. ILLINOIS
ALL PROPRIETARY b~ND FIDUCIARY (PENSION TRUST) FUND TYPES
COMBINED STATEMENT OF REVENUES. EXPENSES.
AND CH~GES IN RETAINED EARNINGS/FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1986
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Contributions
Total Operating Revenues
Operating Expenses
Administration
Depreciation and ~mortizatlon
Other
Total Operating Expenses
Nonoperating Revenues (Expenses)
Gain on Sale of Property
Loss on Disposal of Vehicles
Income before Operating Transfers
Operating Transfers In
Operating Transfers (Out)
Retained Earnings/Fund Balances
January 1
Prior Period Adjust~nt
Adjusted Balances
Residual Equity Transfer In
Residual Equity Transfer (Out)
December 3l
Fiduciary
Proprietary Fund Types Fund Types Totals
Internal Pension (Memorandum Only)
Enterprise Service Trust 1986 1985
$ 817,853 $ 817.853 $ 865,104
$4.665,401 $379,592 5,040.993 4,624.973
254.708 254.708 244~748
109~716 11,149 1,662,773 1,783,638 1,025,639
$4,775,117 $386,741 $ 2~735,334 $ 7,897,192 $ 6,760~464
$ 541.852 $ 541.852 $ 465.257
2,243.675 $377,326 2,621,001 2.576,632
369.496 369,496 382,855
$ 384,159 384,159 322,928
15,828 15,828 3,319
$3,155,023 $377,326 $ 399,987 $ 3,932,336 $ 3,750~991
$1,620,094 $ 9.415 $ 2~335.347 $ 3,964.856 $ 3.009.473
S 35,365 $ 3,096 $ 38.461 $ 32.541
(477,055) (477.055) (506.518)
29,597 29,597
(9o,184) (90,184)
$ (502.277) $ 3,096 $ (499.181) ~)
$1.117.817 $ 12.511 $ 2.335,347 $ 3.465,675 $ 2.535.496
$ 75,000 $ 75,000
(283.584) (283,584) $ (504.357)
$ (208.584) $ (208.584) $ (504.357)
$ 909.233 $ 12.511 $ 2.335.347 $ 3~257,091 $ 2.031,139
$5,115,736 $ 84,446 $10,430,307 $15,630,489 $13,599,350
530,399 530,399
$5.646,135 $ 84,446 $10,430,307 $16,160.888 $13,599.350
1.550.739 1,550.739
(1~550,739) (1,550.739)
$5,646,135 $ 84.446 $10,430.307 $16,160.888 $13,599,350
$6.555.36~ $ 96.957 $12.765.654 $19.417.979 $15,630.489
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
1. Summary of Significant Accounting Policies
The accounting policies of the Village of Glenview, Illinois conform to
generally accepted accounting principles as applicable to governments. The
following is a summary of the more significant policies.
A. Reporting Entity and Its Services
This report includes all of the funds and account groups of the Village.
It also includes all activities considered to be part of (controlled by or
dependent on) the Village, as determined by the application of the criteria
set forth in "Defining the Governmental Reporting Entity - NCGA Statement
3". In accordance with NCGA Statements 3 and 7, for financial reporting
purposes the Village's financial statements include all funds, account
groups, departments, agencies, boards, commissions and other organizations
over which Village officials exercise oversight responsibility. For Joint
Venture disclosures see Note 5.A.
Oversight responsibility includes such aspects as appointment of governing
body members, budget approval, approval of property tax levies, outstanding
debt secured by Village full faith and credit or revenues, responsibility
for funding deficits and others.
The Village considered the following entities when implementing NCGA
Statements 3 and 7. Although these entities may be similar in nomenclature
and scope of public service, the criteria in Statement 3 did not require
the inclusion of these entities in the Village's financial statements as
component units principally because the Village does not exercise oversight
responsibility over such entities. Listed below are the entities that were
considered:
Regional Emergency Dispatch Center
Northwest Mosquito Abatement District
Glenbrook Fire Protection District
Glen Oaks Sanitary District
Waukegan Rd. Sanitary District
The Village of Glenview, Illinois was incorporated in 1899. The Village
operates under a Council-Manager Form of government and provides the
following services as authorized by its charter: public safety (police and
fire), highways and streets, sanitation, health and social services,
culture-renreation, public improvements, planning and zoning, and general
administrative services.
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9
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
1. Summary of Significant Accounting Policies (Cont.)
B. Basis of Presentation - Fund Accounting
The accounts of the Village are organized on the basis of funds and account
groups, each of which is considered a separate accounting entity. The
operations of each fund are accounted for with a separate set of self-
balancing accounts that comprise its assets, liabilities, fund equity,
revenues, and expenditures, or expenses, as appropriate. Government
resources are allocated to and accounted for in individual funds based upon
the purposes for which they are to be spent and the means by which spending
activities are controlled. The various funds are grouped, in the financial
statements in this report, into generic fund types and broad fund
categories as follows:
GOVERNMENTAL FUNDS
General Fund - The General Fund is the general operating fund of the
Village. It is used to account for all financial resources except those
required to be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to account for the
proceeds of specific revenue sources (other than expendable trusts, or
major capital projects) that are legally restricted to expenditures for
specified purposes.
Debt Service Funds - Debt Service Funds are used to account for the accumu-
lation of resources for, and the payment of, general long-term debt princi-
pal, interest, and related costs.
Capital Projects Funds - Capital Projects Funds are used to account for fi-
nancial resources to be used for the acquisition or construction of major
capital facilities (other than those financed by Proprietary Funds. and
Trust Funds).
PROPRIETARY FUNDS
Enterprise Funds - Enterprise Funds are used to account for operations (a)
that are financed and operated in a manner similar to private business
enterprises where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the
general public on a continuing basis be financed or recovered primarily
through user charges; or (b) where the governing body has decided that
periodic determination of revenues earned, expenses incurred, and/or net
income is appropriate for capital maintenance, public policy, management
control, accountability, or other purposes.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
1. Summary of Significant Accounting Policies (Cont.)
B. Basis of Presentation - Fund Accounting (Cont.)
PROPRIETARY FUNDS (CONT.)
Internal Service Funds - Internal Service Funds are used to account for the
financing of goods or services provided by one department or agency to
other departments or agencies of the Village, or to other governments, on a
cost-reimbursement basis.
FIDUCIARY FUNDS
Trust and Agency Funds - Trust and Agency Funds are used to account for
assets held by the Village in a trustee capacity or as an agent for
individuals, private organizations, other governments, and/or other funds.
These include Expendable Trust, Pension Trust Funds and Agency Funds.
Pension Trust Funds are accounted for in essentially the ssme manner as
proprietary funds since capital maintenance is critical. Expendable Trust
Funds are accounted for in essentially the same manner as governmental
funds. Agency Funds are custodial in nature (assets equal liabilities) and
do not involve measurement of results of operations.
ACCOUNT GROUPS
General Fixed Assets Account Group - The General Fixed Assets Account Group
is used to account for all fixed assets which are not accounted for in
Enterprise, Internal Service, or Trust Funds.
General Long-Term Debt Account Group - The General Long-Term Debt Account
Group is used to account for all long-term debt not accounted for in
Enterprise, Internal Service, or Trust Funds.
C. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses
are recognized in the accounts and reported in the financial statements.
Basis of accounting relates to the timing of the measurements made,
regardless of the measurement focus applied.
Ail Governmental Funds and Expendable Trust Funds are accounted for using
the modified accrual basis of accounting. Their revenues are recognized
when they become measurable and available as net current assets. The
Village's share of State-assessed income taxes, gross receipts, and sales
taxes are considered "measurable" when in the hands of intermediary
collecting governments and are recognized as revenue at that time.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
1. Summary of Significant Accounting Policies (Cont.)
C. Basis of Accounting (Cont.)
Anticipated refunds of such taxes are recorded as liabilities and
reductions of revenue when they are measurable and their validity seems
certain. Revenues considered to be susceptible to accrual are:
Taxes
Property
Sales
Income
Utility
Intergovernmental Revenues
Motor Fuel Tax Allotraent s
Federal Revenue Sharing Entitlements
Expenditures are generally recognized under the modified accrual basis of
accounting when the related fund liability is incurred.
Ail Proprietary Funds and Pension Trust Funds are accounted for using the
accrual basis of accounting. Their revenues are recognized when they are
earned, and their expenses are recognized when they are incurred. Unbilled
Waterworks and Sewerage Fund utility service receivables are recorded at
year end.
Agency Fund assets and liabilities are accounted for on the modified
accrual basis.
D. Budgets and Budgetary Accounting
The Village follows these procedures in establishing the budgetary data
reflected in the financial statements:
The Village Manager submits to the Board of Trustees a proposed
operating budget for the fiscal year commencing the following January
1. The operating budget includes proposed expenditures and the means
of financing them.
2. Budget hearings are conducted.
3. The budget is legally adopted in total by the President and Board of
Trustees.
The Village 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 Board of
Trustees.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
Summary of Significant Accounting Policies (Cont.)
D. Budgets and Budgetary Accounting (Cont.)
5. Budgets are adopted on a basis consistent
accounting principles.
with generally accepted
The
following funds adopt annual operating budgets:
Fund Budgetary Basis of Accounting
General
Corporate Modified Accrual
Special Revenue
Library
Federal Revenue Sharing
Illinois Municipal Retirement
Motor Fuel Tax
Modified Accrual
Modified Accrual
Modified Accrual
Modified Accrual
Debt Service
Waukegan Road Sanitary
District Bond Series of 1968
Police Administration
Building Bond Series of 1972
Public Library Parking Lot Bond
Series of i976
Municipal Building Bond Series of 1979
Library Bond Series of 1984
Library Bond Series of 1985
Special Service Area No. 1 of 1980
Special Service Area No. 2 of 1981
Special Service Area No. 3 of 1981
Special Service Area No. 4 of 1982
Special Service Area No. 5 of 1985
Modified Accrual
Modified Accrual
Modified Accrual
Modified Accrual
Modified Accrual
Modified Accrual
Modified Accrual
Modified A~crual
Modified Accrual
Modified Accrual
Modified Accrual
Capital Projects
Public Works Garage
Capital Equipment Replacement
Capital Projects
Modified Accrual
Modified Accrual
Modified Accrual
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
1. Summary of Significant Accounting Policies (Cont.)
D. Budgets and Budgetary Accounting (Cont.)
Fund
Budgetary Basis of Accounting
Enterprise
Waterworks - East
Waterworks - West
Sewerage
Commuter Parking Lot
Accrual
Accrual
Accrual
Accrual
Internal Service
Municipal Equipment Repair
Accrual
Trust
Police Pension
Firemen's Pension
Accrual
Accrual
The level of control (level at which expeditures may not exceed budget) is
the Fund. Budgets lapse at year end. No supplemental budget was enacted.
E. Assets, Liabilities, and Fund Equity
Investments
Investments are stated at cost or amortized cost, which approximates
market except for Deferred Compensation Plan Fund investments, which are
stated at market value.
The Village adopted a cash control and investment policy in February of
1983. This policy specifies what financial instruments and institutions
the Village will use for investment of idle funds. The policy is
consistent with current state law. As of the date of this report all of
the Village's investments were in accordance with this policy.
Inventory
Inventory is valued at the lower of cost (first-in, first-out) or market.
Inventory is recorded on a basis of a physical count.
Fixed Assets and Long-Term Liabilities
The accounting and reporting treatment applied to the fixed assets and
long-term liabilities associated with a fund are determined by its
measurement focus. All Governmental Funds and Expendable Trust Funds are
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
1. Summary of Significant Accounting Policies (Cont.)
E. Assets, Liabilities, and Fund Equity (Cont.)
Fixed Assets and Long-Term Liabilities (Cont.)
accounted for on a spending or "financial flow" measurement focus. This
means that only current assets and current liabilities are generally
included on their balance sheets. Their reported fund balance (net current
assets) is considered a measure of "available spendable resources."
Governmental fund operating statements present increases (revenues and
other financing sources) and decreases (expenditures and other financing
uses) in net current assets. Accordingly, they are said to present a
summary of sources and uses of "available spendable resources" during a
period.
Fixed assets used in governmental fund type operations (general fixed
assets) are accounted for in the General Fixed Assets Account Group, rather
than in governmental funds. Public domain ("infrastructure") general fixed
assets consisting of certain improvements other than buildings, including
roads, bridges, curbs and gutters, streets and sidewalks, drainage systems,
and lighting systems, are not capitalized along with other general fixed
assets. No depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost
if actual historical cost is not available. Donated fixed assets are
valued at their estimated fair value on the date donated.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long-Term Debt Account Group, not in the
governmental funds. The single exception to this general rule is for
special assessment bonds, which are accounted for in Special Assessment
Funds.
The two account groups are not "funds." They are concerned only with the
measurement of financial position. They are not involved with measurement
of results of operations.
Because of their spending measurement focus, expenditure recognition for
governmental fund types is limited to exclude amounts represented by
noncurrent liabilities. Since they do not affect net current assets, such
long-term amounts are not recognized as governmental fund type expenditures
or fund liabilities. They are instead reported as liabilities in the
General Long-Term Debt Account Group.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
1. Summary of Significant Accounting Policies (Cont.)
E. Assets, Liabilities, and Fund Equity (Cont.)
Fixed Assets and Long-Term Liabilities (Cont.)
All Proprietary Funds and Pension Trust Funds are accounted for on a cost
of services or "capita[ maintenance" measurement focus. Ih is means that
all assets and all liabilities (whether current or noncurrent) associated
with their activity are included on their balance sheets. Their reported
fund equity (net total assets) is segregated into retained earnings
components. Proprietary fund type operating statements present increases
(revenues) and decreases (expenses) in net total assets.
Depreciation of all exhaustible fixed assets used by proprietary funds is
charged as an expense against their operations. Accumulated depreciation
is reported on proprietary fund balance sheets. Depreciation has been
provided over the estimated useful lives using the straight line method.
The estimated useful lives are as follows:
System and Mains
Buildings
Improvements
Equipment
50 years
25-50 years
10-20 years
3-10 years
F. Revenues, Expenditures, and Expenses
Property Tax Revenue Recognition
1986 property taxes attach as an enforceable lien on January i, 1986. They
are levied the subsequent September (by passage of a Tax Levy Ordinance).
Tax bills are prepared by the County and issued on or about February 1,
1987 and August 1, 1987, and are payable in two installments, on or about
March 1, 1987 and on or about September 1, 1987. The County collects such
taxes and remits them periodically.
Property tax revenues are recognized when they become both measurable and
available, in accordance with NCGA Interpretation 3. The 1986 tax levy has
been treated as deferred revenue since it is intended to finance the
subsequent year's expenditures. Current year's operating statements
recognize 1985 tax levy revenues which finance the current year's
expenditures. Fiduciary (Pension Trust) Funds recognize 1986 tax levy
revenues.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
Summary of Significant Accounting Policies (Cont.)
F. Revenues, Expenditures, and Expenses (Cont.)
Property Tax Revenue Recognition (Cont.)
Property taxes receivable which are delinquent more than one year have been
written off; subsequent collections of such taxes are reflected as "prior
years' taxes" revenue in the period received.
Accumulated Unpaid Compensated Absences
Village employees are granted vacation pay in varying amounts. The Village
has calculated the following amount with respect to accrued vacation pay at
December 31:
Vacation Pay (all current) $169,871
Accumulated unpaid compensated absences are reflected in the financial
statements in accordance with NCGA Statement 4 and SFAS 43 provisions.
Such amounts are accrued when incurred in proprietary funds (using the
accrual basis of accounting). Amounts (current portion) are accrued in
governmental funds (using the modified accrual basis of accounting).
G. Financial Reporting
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 Village's financial position and operations. However, com-
parative (i.e., presentation of prior year totals by fund type) data have
not been presented in each of the statements since their inclusion would
make the statements unduly complex and difficult to read.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
17
1. Summary of Significant Accounting Policies (Cont.
G. Financial Reporting (Cont.)
Total Columns on Combined Statements - Overview
Total columns on the Combined Statements Overview 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 is such
data comparable to a consolidation. Interfund el iminat{ons have not been
made in the aggregation of this data.
Budgetary Data
The Village operates under the Budget Act.
Authoritative Sources - Financial Reporting
The financial statements are presented in accordance with generally
accepted accounting principles applicable to state and local governmental
units. These basic principles have been promulgated by the Governmental
Accounting Standards Board.
The Governmental Accounting Standards Board has issued "GASB Codification
of Governmental Accounting and Reporting Standards" which provides authori-
tative guidance to state and local governmental entities, and has issued
subsequent authoritative pronouncements.
Stewardship, Compliance, and Accountability
A. Deficit Fund Balances/Retained Earnings of Individual Funds
The following funds had a deficit in fund balance at December 31:
Fund
Special Service Area No.
Special Service Area No.
Bond 1 Series of 1980
Bond 2 Series of 1981
Amount
$(4,522)
(5,231)
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
2. Stewardship, Compliance, and Accountability (Cont.)
B. Excess of Actual Expenditures/Expenses over Budget in Individual Funds
The following funds had an excess of actual expenditures/expenses (ex-
clusive of depreciation and ~nortization) over budget for the year ended
December 31:
Fund Excess
Illinois Municipal ~mtirement
Debt Service
Waukegan Road Sanitary District (419)
Police Administration Building Bonds Series of 1972 (2,238)
Library Bond Series of 1984 (400)
Library Bond Series of 1985 (98)
Special Service Area No. 1 Bond Series of 1980 (710)
Special Service Area No. 4 Bond Series of 1982 (20)
Public Works Garage (243)
Waterworks - ~st (14,063)
Cormnuter Parking Lot (1,548)
Police Pension (32,349)
$(101,882)
3. Detail Notes on Ail Funds and Account Groups
A. Assets
1. Cash and Investments
The Village 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 Village's funds. The deposits and investments of the
pension trust funds are held separately from those of other funds.
Cash on hand and cash at fiscal agents has been excluded from the
amounts shown below.
Permitted Deposits and Investments - Statutes authorize the Village to
make deposits/invest in obligations of the U.S. Treasury and U.S.
Agencies, obligations of States and their political subdivisions,
savings accounts, credit union shares, repurchase agreements,
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.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3o
Detail Notes on Ail Funds and Account Groups (Cont.)
A. Assets (Cont.)
Cash and Investments (Cont.)
Deposits
At year-end the carrying amount of the Village's deposits
$11,734,379, and the bank balances totaled $12,543,245.
Category 1
Deposits covered by federal depository
insurance, or by collateral held by the
Village, or its agent, in the Village's
n amc.
Category 2
Deposits covered by collateral held by
the pledging financial institution's
trust department, or by its agent, in
the Village'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 Village's name, and deposits
which are uninsured and uncollateralized.
Total Deposits
totaled
Bank
Balances
$12,532,790
10,455
$12,543,245
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 Village.
2O
VILL~E OF GLENVIEW, IIJ.INOIS
NOTES TO T~ FINA/qCIAL S~
DgCE~ER 31, 1986
3. Detail Notes on Ail Funds and Accomt Grcups ((bnt.)
A. ~sets (Cont.)
1. Cash and Investments (Cont.)
Inves tmmnt s
%he Village's inves~aents are categorized to give an indication of the level of risk
assuamd by the entity at y~ar-eed. Category 1 includes imgestments that are ins~ced or
registered or for ~hich the securities are held by the Village or its agent in the
Village's nam. Category 2 includes uninsured and unregistered irNes~ents for ~hich the
securities are held by the broker's or dealer's trust department or agent in the Village's
nane. Category 3 includes minstred and unregistered irwesanents for ~hich the securities
are held by the brdmr or dealer, or by its trust department or agent but nc~ in the
Village's nana aed uninsured, unregistered and uncollateralized investments.
Carrying ~t
Categor7 Market
1 2 3 Total Value
U.S. Cover r~rant
Securities $7,643,299 $7,643,299 $ 8,517,000
Mortgages (GNMA)
1,906,908 1,906,908 1,913,000
$9,550,207 - - $9,550,207 $10,430,000
The pension trust funds o~a approximately 100 percent of the ir~es~nents in category 1.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on Ail Funds and Account Groups (Cont.)
A. Assets (Cont.)
2. Fixed Assets
a. Changes in General Fixed Assets
Balances
January 1
Additions Deletions
Balances
December 31
Land $ 1,981,758
Buildings and
Improvements 8,273,019 $ 12,248
Construction in
Progress 2,919,844 565,179
Equipment 4,172,249 325,106
Furniture 517,276 10,072
Office Equipment 292,595 12,777
$189,443
$ 1,981,758
8,285,267
3,485,023
4,307,912
527,348
305,372
$18,156,741 $925,382 $189,443 $18,892,680
b. Summary of Proprietary Fixed Assets at December 31:
Enterprise
Waterworks Waterworks Commuter
- East - West Sewerage Parking Lot
Land $ 67,851
Buildings 243,645
Equi.pment and Vehicles 535,594 $ 177,882 $ 5,369 $ 2,820
Improvements Other
than Buildings 3,069,245 10,489,155 2,251,801 106,514
Construction in
Progress 92,890
$4,009,225 $10,667,037 $2,257,170 $109,334
Less Accumulated
Depreciation or
Amortization 1,626,830 1,687,070 857,280 103,984
$2,382,395 $ 8,979,967 $1,399,890 $ 5,350
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on Ail Funds and Account Groups (Cont.)
B. Liabilities
1. Retirement Fund Commitments
a. Illinois Municipal Rmtirement Fund
1) The Village is a participating member of the Illinois Municipal
Retirement Fund (IMRF) which covers all of its employees who:
a.) occupy a job normally requiring 1,000 hours or more per
year;
b.) are paid on a regular payroll from Village funds;
c.) were under age seventy when first entering employment; and
d.) are not covered by another state created retirement system
for the same service.
2)
The Illinois Municipal Retirement Fund's (Chicago) actuary
estimated that as of December 31, 1985 (the date of the latest
computation), the present value of currently accrued retirement
obligations of the Village was $4,169,544. The Village had
accumulated assets of $923,845 on the same date. Therefore,
the balance of $3,245,699 remains to be financed by future
contributions payable by the municipality on behalf of its
present employees. The normal cost portion of the Village's
contribution rate is expected to provide $775,126 of this
amount and the prior service portion of the rate is expected to
provide $2,470,573. The latter amount is considered to be
unfunded at this time; it is sometimes referred to as the
"actuarial deficiency". As required by Section 7-172, Chapter
108-1/2, Illinois Revised Statutes, contribution rates are
fixed at levels, certified by the Fund actuary, sufficient to
meet the entire cost of benefit payments ultimately to be
made.
Actual contributions this year totaled $953,469. This is a
statewide plan, administered by IMRF. The Village has no
further liability to this plan.
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23
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on Ail Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
b. Police Pension Fund
1)
Chapter 108-1/2, Sections 3-125 and 127 of the Illinois
Revised Statutes, provide that municipalities shall establish
and maintain a reserve to insure the payment of all
obligations. The accumulated reserve shall be equal to the
estimated total actuarial requirements of the Fund.
In municipalities having less than the actuarial requirements
of the Fund, the Board of Trustees of the Fund shall designate
the proportionate amount needed annually to insure the
accumulation of such actuarial reserve over a 40 year period
ending in 2020. The total actuarial requirements at December
31, 1985 (the date of the latest computation) amounted to
$9,282,882, as determined by the Illinois Department of
Insurance.
Net present assets
Unfunded accrued liability
$5,723,428
3,559,454
$9,282,882
Actual contributions this year totaled $512,570.
single-employer plan administered by the Village.
This is a
24
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.
b. Police Pension Fund (Cont.)
2) Changes in Fund Balance
Total Unreserved
Balances - January 1
Additions
Employer Contributions (Taxes) 512,570
Employee Contributions 155,785
Interest 835,810
Other 17,811
Total Balances and Additions $7,245,405 $(3,608,432)
Reserved for
Employee
Retirement
System
$5,723,429 $(3,608,432) $ 9,331,861
512,570
155,785
835,810
17,811
$10,853,837
48,978 (48,978)
$7,245,405 $(3,559,454) $10,804,859
$ 290,240 $ 290,240
15,203 15,203
$ 305,44% $ 305,443
Actuarial Adjustments
(Increase) Decrease in
Unfunded Accrued Liability
Total Revised Balances
Deductions
Benefit Payments and Refunds
Miscellaneous
Total Deductions
Balances - December 31
$6,939,962. $(3,559,454) $10,499,416
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25
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on Ail Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
b. Police Pension Fund (Cont.)
3) Tax Levy Requirements
Amount necessary to provide the normal cost
based on the annual payroll of active
participants as of December 31, 1985.
Amount necessary to amortize the unfunded
accrued liability of $3,559,454 as
determined by the State of Illinois Depart-
ment of Insurance over the remaining
34.0027 years as contemplated by Section
3-127 of the Illinois Pension Code.
Total amount of tax levy necessary to arrive
at the annual requirements of the Fund as
required in Section 3-125 of the Illinois
Pension Code.
$211,179
262,171
$473,350
c. Firemen's Pension Fund
1)
Chapter 108-1/2, Sections 4-118 and 120 of the Illinois Revised
Statutes, provide that municipalities shall establish and
maintain a reserve to insure the payment of all obligations.
The accumulated reserve shall be equal to the estimated total
actuarial requirements of the Fund.
In municipalities having less than the actuarial requirements
of the Fund, the Board of Trustees of the Fund shall designate
the proportionate amount needed annually to insure the
accumulation of such actuarial reserve over a 40 year period
ending in 2020. The actuarial requirements at December 31,
1985 (the date of the latest computation) amounted to
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on Ail Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
c. Firemen's Pension Fund (Cont.)
(cont.)
$5,479,110 as determined by the Illinois Department of
Insurance.
Net present assets
Unfunded accrued liability
$4,706,877
772,233
$5,479,110
Actual contributions this year totaled $305,283.
single-employer plan, administered by the Village.
This is a
2) Changes in Fund Balance
Total Unreserved
Reserved For
Employee
Retirement
System
Balances - January 1
Additions
Employer Contributions (Taxes) 305,283
Employee Contributions 98,923
Interest 772,208
Other 36,944
$4,706,878 $(1,122,178) $5,829,056
Total Balances and Additions $5,920,236 $(1,122,178)
305,283
98,923
772,208
36,944
$7,042,414
Actuarial Adjustments
(Increase) Decrease in
Unfunded Accrued Liability
349,945 (349,945)
$5,920,236 $ (772,233) $6,692,469
$ 93,919 $ 93,919
625 625
$ 94,544 $ 94,544
$5,825,692 $ (772,233) $6,597,925
Total Revised Balances
Deductions
Benefit Payments
Miscellaneous
Total Deductions
Balances - December 31
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27
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
c. Firemen's Pension Fund (Cont.)
3) Tax Levy Requirements
Minimum amount necessary to provide actuarial
amount for the annuities and benefits to
be earned during the year, computed at a
rate of not less than 17.5% of the annual
payroll of active participants as of
December 31, 1985.
Amount necessary to amortize the unfunded
accrued liability of $772,233 as deterined
by the State of Illinois Department of
Insurance over the remaining 34.0027 years
as contemplated by Section 4-118 of the
Illinois Pension Code.
Total amount of tax levy necessary to arrive
at the annual requirements of the Fund as
required in Section 4-118 of the Illinois
Pension Code.
$211,319
56,878
$268,197
d. Deferred Compensation Plan Fund
The Village offers its employees a deferred compensation plan
created in accordance with Internal Revenue Code Section 457. The
plan, available to certain Village employees, permits them to defer
a portion of their salary until future years. The deferred
compensation is not available to employees until termination,
retirement, death, or unforeseeable emergency.
Ail amounts of compedsation deferred under the plan, all property
and rights purchased with those amounts, and all income attribut-
able 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 Village (without being restricted to the
provisions of benefits under the plan), subject only to the claims
of the Village~s general creditors. Participants' rights under the
plan are equal to those of general creditors of the Village in an
amount equal to the fair market value of the deferred account for
each participant.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on Ail Funds and Account Groups (Cont.)
Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
d. Deferred Compensation Plan Fund (Cont.)
It is the opinion of the Village's legal counsel that the Village
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 Village believes that it is unlikely that it will use the
assets to satisfy the claims of general creditors in the future.
Commitments
The following contractual commitments existed at December 31:
Project
Description Authorization
Expended Required
Through Future
December 31 Committed Financing
Public Works
Garage $973,201 $326,205 $646,996 None
3. Lease Obligations
The Village of Glenview is a lessee under an agreement with the
Chicago, Milwaukee, St. Paul and Pacific Railroad Company for certain
property adjacent to the railroad statiom located in the Village. The
operating lease provides the terms as shown.
a. Period - May 1, 1966 to April 30, 1987.
b. Annual rent - 30% of parking revenues, but not less than $2,400.
Improvements costs - the Village has incurred certain expenditures
for capital improvements to improve the area surrounding the
railroad station. Repayment of the expenditure is to be derived
from net revenue produced from parking meters installed and
parking permits sold.
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MOTES ~O THE FINANCIAL STATE~MNTS
DECM~ER 31, 1986
3. Detail Notes on Ail Funds and Accost Groups ((bnt.)
B. Liabilities (Cont.)
4. long-Term Debt
a. (hanges in Iong-Tem Debt
Fund Debt Balances Balances
Retired By January 1 Issuances Retire~mnts December 31
General Ooli~tion Bonds
Wau~gan Road Sanitary
District Se~r Bond
Series of 1968
Police Adn~nistration Huilding
Boad Series of 1972
M~nicipal Building
Boad Series of 1979
Library Hond Series of 1984
Library Bond Series of 1985
Debt Service $ 5,000 $ 5,000
Debt Service 450,000 125,000 $ 325,000
Debt Service 600,000 100,000 500,000
Debt Service 3,100,000 200,000 2,900,000
Debt Service 150,000 50,000 100,000
$4,305,000 __ $480,000 $3,825,000
Special Service ~ea
f~l Bond Series of 1980
~2 Bond Series of 1981
~A3 Bond Series of 1982
~ Bond Series of 1982
~5 Bond Series of 1985
Debt Service $ 35,000
Debt Service 31,053
Debt Service 20,431
Debt Service 77,726
Debt Service 48,000
7,000 $ 28,000
1,930 29,123
1,270 19,161
6,996 70,730
767 47,233
$ 212,210 _ $ 17,963 $ 194,247
$3,350,000 $200,000 $3,150,000
4,675,000 225,000 4,450,000
$8,025,000 - $425,OOO $7,6OO,OOO
General Ool~ation~onds
Corporate PurposeBond
Series of 1977
Corporate Purpose
Series of 1979
~terworks -
~st
Wat e r~o ~xs -
~4~st
29
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
Detail Notes on Ail Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
4. Long-Term Debt (Cont.)
b. Debt Service Requirements to Maturity
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
General
Obligation
Fiscal Year General Special Bonds Carried
Ending Obligation Service as Enterprise
December 31 Bonds Area Bonds Fund Liabilities
i987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
795 562
761 362
775 875
639 500
457 600
433 125
4O8 100
382 662
356,538
329,725
302,500
$ 36,657
35,396
34,976
34,554
27,345
27,344
27,345
13,508
13,507
9,753
5,998
5,998
5,998
5,998
2,998
$ 900 363
898 138
918 813
886 188
905 375
897 125
887 250
876 125
888 O25
897 025
902 725
505 500
503 500
$5,642,549
$287,375
$10,866,152
Total
$ 1,732,582
1,694,896
1,729,664
1,560,242
1,390,320
1,357,594
1,322,695
1,272,295
1,258,070
1,236,503
1,211,223
511,498
509,498
5,998
2,998
$16,796,076
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on Ail Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
4. Long-Term Debt (Cont.)
c. Legal Debt Margin
The Village 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 amounts."
To date the General Assembly has set no limits for home rule
municipalities.
d. In-Substance Defeasance of Bonds
Waterworks - East Fund
In fiscal year ended December 31, 1984, $240,000 from the Water
Fund East Bond Reserve Account was used for the purpose of
defeasing the Waterworks and Sewerage Revenue Bond issue of 1964.
Funds 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 the Exchange National Bank of Chicago, Illinois.
32
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
3. Detail Notes on Ail Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
4. Long-Term Debt (Cont.)
d. Defeasance of Bonds (Cont.)
Waterworks - East Fund (Cont.)
The funds have been invested in direct U.S. Treasury
obligations with maturities that approximate the Debt Service
Requirements of the original issue.
U.S. Government securities in the amount of $205,000 at various
interest rates and dates of maturity ranging from 4/30/85 to
3/31/88 have been purchased for the escrow.
3. The proceeds in escrow are not subject to lien for any purpose
other than in connection with the defeasance transaction.
Since the requirements which 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 satisfy future Debt Service Requirements
of the Issue.
Schedule of Future Requirements - Waterworks and Sewerage Revenue
Bond Issue to be paid from Escrow:
Year Bond Number Principal
1987 197-208 $ 60,000
1988 209-220 60,000
$120,000
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
Detail Notes on All Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables
~eneral
Corporate Public Library
Illinois Municipal Retirement
Debt Service
Waterworks - East
Escrow
Police Pension
Firemen's Pension
Total General
Special Revenue
Library
Corporate
Illinois Municipal Retirement
Corporate
Total Special Revenue
Debt Service
Debt Service
Corporate
Waterworks - East
Waterworks - West
Sewerage
Total Debt Service
Capital Projects
Capital Equipment Replacement
Waterworks - East
Sewerage
Capital Projects
Waterworks - East
Waterworks - West
Sewerage
Commuter Parking Lot
Total Capital Projects
Due
$ 24,234
$ 24,234
$ 15,306
10,923
$ 26,229
$ 16,142
188,825
$204,967
Due
To
$ 15,306
10,923
16,142
35,535
20,268
11,853
$110,027
$ 48,968
51,106
$100,074
$131,834
8,694
$14o,52ff
$115,960
20,000
40,000
75,000
$250,960
$391,488
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3o
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
Detail Notes on Ail Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables (Cont.)
Enterprise
Waterworks - East
Corporate
Debt Service
Capital Equipment Replacement
Capital Projects
Escrow
Waterworks - West
Waterworks - West
Capital Projects
Waterworks - East
Debt Service
Sewerage
Debt Service
Capital Equipment Replacement
Capital Projects
Commuter Parking Lot
Capital Projects
Total Enterprise
Trust and Agency
Escrow
Corporate
Waterworks - East
Police Pension
Corporate
Firemen's Pension Corporate
Total Trust and Agency
Due
From
$ 35,535
48,968
131,834
115,960
230,000
$ 562,297
$ 2O,OOO
$ 20,000
$ 51,106
8,694
40,000
$ 99,800
$ 75,000
$ 757,097
$ 275,000
$ 275,000
$ 20,268
$ 11,853
$ 307,121
$1,319,648
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$ 275,000 I
$ 230,000 I
188,825
$ 418,825 I
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$ 24,234
$ 24,234 I
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$ 24,234
$1,319,648 I
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
35
Detail Notes on Ail Funds and Account Groups (Cont.)
D.
Fund Equity
1.
3o
Reservation of Fund Balance
Reserves are used to segregate
either legally restricted for
spendable resources".
Unreserved Fund Equity - Designated
portions
specific
of fund balances which are
purposes or not "available
Designations represent portions of Unreserved Fund Balance segregated
to indicate tentative plans for financial resource utilization ~n a
future period.
Prior Period Adjustments
General Fund
Corporate
To correct prior period overstatement $ 25,729
of receivable.
Capital Project Funds
Capital Equipment Replacement
To correct prior period understatement
of liabilities.
Capital Projects
To correct prior period overstatement
of liabilities. 152,539
Enterprise Funds
Waterworks Fund - East
To correct prior year transfers recorded
as expenditures. 530,399
(218,061)
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO T~ FINANCIAL STATEMENTS
DEC~MER 31, 1986
Seg~nt Inforsmtion for ~ertain Individual Fntergrise Finds
~he Village nmintains four Enterprise ~hnds, ~hich ~rovide ~terwod~s,
services. ~eg~nt infomation for the year ended Dec~nber 31 is as follows:
W~ter~orks W~ter~orks
- East - West Se~rage
Operating Revennss $ 1,965,257 $2,260,133 $ 474,985
Depreciation, Depletion, and
Ar~rt ~zat ion Expense 104,964 227,581 31,380
Operating Inco~ 438,887 877,740 286,173
Operating Grants, Entitle-
fronts, and ~ared Re~nu~s
Operating Transfers
In 75,000
Oat 37,880 150,548 95,156
Tax Rmventms
Net Income 428,861 252,723 192,302
Cogent Capital Contributions
and T~ans f~rs
Contribut ions (134,494)
T~ans fers (1,485,764) (64,975) 1,550,739
Plant, Property and Equipment
Additions 494,863 10,983 5,369
Delet ions 157,312
Trm~sfers In (Oat) (2,251,801) 2,251,801
Total ~sets 3,488,139 9,954,365 1,743,041
Net Wenklng Capital 181,633 507,681 343,151
~onds and Other Iong-Tenn
Liabilities
Payable fr~m Operating
Rever~es 7,600,000
Payable from Other Sc~mce
Total Equity 2,564,02B 1,887,648 1,743,041
Cc~m~t er
Parking
Lot Totals
$ 74,742 $ 4,775,117
5,571 369,496
17,294 1,620,094
75,000
283,584
35,347 909,233
(134,494)
511,215
157,312
382,194 15,567,739
373,592 1,406,057
7,600,000
378,942 6,573,659
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
5. Related Entities - Joint Ventures
A. Intergovernmental Personnel Benefit Cooperative (IPBC)
1. 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 solely 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".
Management consists of a Board of Directors comprised of one
representative from each member. In addition, there are two officers,
a Benefit Administrator and a Treasurer.
The Village does not exercise any control over the act{vities of the
Cooperative beyond its representation on the Board of Directors.
2. Summary Financial Information of Joint Venture
The latest available financial statements of the Cooperative, dated
June 30, 1986, show the following:
Total Assets $3,398,712
Total Liabilities - Current $1,394,779
- Long-Term 2,003,933
$3,398,712
6. Significant Contingencies
A. Litigation
There are no pending lawsuits in which the Village ~s involved. The
Village Attorney estimated that the potential claims against the Village
not covered by insurance resulting from any litigation would not materially
affect the financial statements of the Village.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1986
38
6. Significant Contingencies (Cont.)
B. Contingent Liabilities
The Village participates in a number of federally assisted grant
programs, principal of which are the General Revenue Sharing,
Comprehensive Employment Training Act, and Local Public ~brks programs.
These programs are subject to program compliance audits by the grantors
or their representatives. The audits of all these programs for or
including the year ended December 31 have not yet been conducted.
Accordingly, the Village's compliance with applicable grant require-
ments will be established at some future date. The amount, if any, of
expenditures which may be disallowed by the granting agencies cannot be
determined at this time although the Village expects such amounts, if
any, to be immaterial.
2. Ann Pagh vs. Village of Glenview
The Village, as part of the settlement, has been ordered to transfer
$110,359 into a special escrow account to be held and maintained by the
Village for a period of two years. These monies are being retained in
the Escrow Account for a period of two years to allow owners of special
assessment bonds, upon surrendering their bonds, to be paid principal
and interest thereon to August 16, 1976. The settlement further
provides that at the end of a two year period, commencing May 20, 1985,
the Village is authorized to retransfer to its General Fund all
unclaimed amounts and no payment shall be made on said Special
Assessment Bonds subsequent to the retransfer.
The Village participates in the Intergovernmental Personnel Benefit Cooperative
(IPBC). IPBC is a governmental joint venture established by certain units of
local government in Illinois to administer some or all of the personnel benefit
programs (primarily medical, dental, and llfe 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. IPBC pays each member's claims and purchases excess risk coverage.
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 Village has reflected its "balance" with IPBC on its
financial statements. The Village's payments to IPBC are displayed on the
financial statements as expenditures/expenses in appropriate funds.
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General Fund
The General Fund, also referred to
resources traditionally associated
accounted for in another fund.
Fund Description
as the Corporate Fund, is used to account for
with governmental services not required to be
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
BALANCE SHEET
DECEMBER 31, 1986
ASSETS
Cash and Investments
Receivables
Taxes
Property Taxes
Sales Tax
Income Tax
Utility
Replacement Taxes
Accounts
Other
Due from Other Funds
Total Assets
1986 1985
$1,639,605 $ 705,919
1,352,699 1,037,918
700,624 679,700
124,750 63,853
181,150 192,957
9,778 872
26,338 60,589
51,667 28,307
24,234 41,702
$4,110,845
$2,811,817
LIABILITIES AND FUND BALANCE
Liabilities Accounts Payable
Compensated Absences Payable
Due to Other Funds
Deferred Revenues
Refundable Deposits
Claims Payable
Total Liabilities
$ 29,572 $ 38,498
164,815 153,266
110,027 275,319
1,352,699 1,037,918
25,729
100,000
$1,657,113 $1,630,730
Fund Balance
Unreserved
Designated - Improvements
Designated - Senior Citizen Housing
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
$ 25,729
373,600
2,054,403
$2,453,732
$4,110,845
$1,181,087
$1,181,087
$2,811,817
See accompanying Notes to the Financial Statements.
39
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeits
Miscellaneous
Total Revenues
Expenditures
General Government
Public Safety
Highways and Streets
Total Expenditures
Excess (Deficiency) of Revenues
over Expenditures before
Other Financing Sources (Uses)
Other Financing Sources (Uses)
Operating Transfers In (Out)
Debt Service Fund
Public Works Garage Fund
Capital Projects Fund
Escrow Deposit Fund
Excess (Deficiency) of Revenues
and Other Sources over
Expenditures and Other Uses
Fund Balance
January 1
Prior Period Adjustment
Adjusted Balance
December 31
1986
Budget Actual
1985
Actual
$7,091,492 $7,089,667 $6,377,762
831,550 1,099,350 685,757
48,600 36,987 85,563
600,141 594,979 520,671
278,000 278,829 277,379
202,160 693,717 198,310.
$9,051,943 $9,793,529 $8,145,442
$2,083,857 $2,057,944 $1,929,112
4,801,861 4,592,067 4,436,638
2,154,005 1,952,831 1,883,814
$9,039,723 $8,602,842 $8,249,564
$ 12,220 $1,190,687 $ (104,122)
$ (2,100) $ (2,100)
$ (75,000)
(91,000) (91,000) (80,000)
80,000 149,329 96,890
$ (13,100) $ 56,229 $ (58,110)
$1,246,916 $ (162,232)
$1,181,087 $1,377,554
25,729 (34,235)
$1,206,816 $1,343,319
$2,453,732 $1,181,087
(880)
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Sales Tax
Utility Tax
Illinois Income Tax
Road and Bridge
Franchise Taxes
Road and Bridge - Prior
Licenses and Permits
Motor Vehicle
Business
Liquor
Dog
Cat
Heating and Air Conditioning
Buildings
Electrical Inspection
Plumbing and Sewer
Plan Review and Elevator Inspectiou
Driveway Permits
Iutergovernmental
Charges for Seryices
Administratiou
Engineering Fees
Unclassified Public Works Service
Other Current Service Charges
Fines and Forfeits
1986
Budget Actual
1985
Actual
$1,340,102 $1,054,605 $ 925,763
21,132 16,620
53,560 42,842 9,657
2,545,500 2,815,209 2,462,183
2,073,100 2,066,996 1,999,838
770,350 804,896 723,008
86,400 77,957 76,223
222,480 204,096 162,816
1,934 1,654
$7,091,492 $7,089,667 $6,377,762
$ 434,000 $ 395,889
79,000 77,877
55,000 52,194
4,500 4,007
450 441
800 945
189,000 409,226
23,000 46,534
14,000 33,451
31,200 72,286
600 6,500
$ 831,550 $1,099,350
401,776
83,040
58,348
3,347
3O8
8O5
70,413
25,532
15,657
25,781
75O
$ 685,757
$ 48,600 $ 36,987 $ 85,563
$ 534,141 $ 513,965 $ 353,971
14,000 27,327 113,875
32,000 28,105 25,068
20,000 25,582 27,757
$ 600,141 $ 594,979 $ 520,671
$ 278,000 $ 278,829 $ 277,379
4!
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Miscellaneous
Interest
Insurance Refunds
Damage to Village Property
Public Benefit Fee
Sale of Village Property
Other
Total Revenues
1986
Budget Actual
1985
Actual
$ 76,260 $ 70,705 $ 76,162
44,000 42,360 60,214
10,000 6,397 6,661
110,000
434,176
71,900 30,079 55,273
$ 202,160 $ 693,717 $ 198,310
$9,051,943 $9,793,529 $8,145,442
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
General Government
Board of Trustees
Special Board
Village Clerk
Legal
Emergency Service Disaster Agency
Village Manager
Finance
Municipal Building and Grounds
Personnel
Budget
Actual
$ 9,500 $ 11,427
45,126 43,422
10,774 21,221
325,330 445,772
14,250 10,496
291,566 260,478
380,179 385,618
125,466 114,219
881,666 765,291
$2,083,857
$2,057,944
Public Safety
Police Department
Fire Department
Printing
Highways and Streets
Development and Public Services
Administration
Planning and Zoning
Engineering
Public Works - Administration
Public ~brks - 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
Public Health
$3,019,607
1,755,667
26,587
$4,801,861
$ 83,740
73,164
225,927
95,066
583,874
87,482
187,553
87,260
196,750
121,502
56,907
277,057
77,723
$2,154,005
$2,885,426
1,688,959
17,682
$4,592,067
$ 74,960
53,108
186,874
96,426
542,218
81,984
191,322
71,616
89,180
148,640
63,150
278,569
74,784
$1,952,831
43
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
General Government
Board of Trustees Regular Salaries
Dues, Subscriptions and Memberships
Travel Expense
Materials and Supplies
Other Operational Expense
Special Board
Temporary Salaries
Contractual Services
Dues and Subscriptions
Travel Expense
Materials and Supplies
Other Operational Expenses
Village Clerk
Regular Salaries
Temporary Salaries
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Office Supplies
Legal
Regular Salaries
Contractual and Professional Services
Insurance and Bonding
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Materials and Supplies
Budget
$ 3,000
100
4,600
1,750
5O
$ 9,500
$ 960
42,584
197
5O
1,235
100
$ 45,126
$ 900
560
9,164
5O
5O
5O
$ 10,774
$ 4,250
82,450
233,000
255
75
5,300
$325,330
Actual
$ 2,850
25
5,881
2,671
$ 11,427
$ 42,152
1,236
34
$ 43,422
$ 900
689
19,610
11
11
$ 21,221
$ 1,062
78,355
361,901
255
95
425
3,679
$445,772
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
General Government (Cont.)
Emergency Service Disaster Agency
Temporary Salaries
Water Emergency
Power and Light
Telephone and Telegraph
Maintenance of Equipment
Office Supplies
Books, Pamphlets, and Materials
Contingencies
Machinery and Equipment
Village Manager
Regular Salaries
Overtime Salaries
Temporary Salaries
Holiday Pay
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Postage
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Training Expense
Books, Pamphlets and Materials
Equipment Replacement
Equipment Repairs
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
Budget
$ 9OO
3OO
2,750
2O0
2OO
1,500
8,400
$ 14,250
$230,266
300
12,285
6OO
5OO
13,000
350
17,000
1,670
150
6,084
95O
675
3,000
4,736
$291,566
$240,186
2,500
19,278
2,100
36,875
7,500
7,500
1,639
18,968
19,666
2,167
6OO
14,000
Actual
$ 25
1,386
88O
384
97
7,724
$ 10,496
$213,551
314
9,570
82
500
7,630
479
14,208
1,473
16 0
4,829
660
764
3,000
3,258
$260,478
$244,166
4,737
14,843
2,100
37,059
3,436
3,401
1,681
27,416
23,560
2,372
856
13,382
45
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
General Government (Cont.)
Finance (Cont.)
Books, Pamphlets and Materials
Computer Supplies
Other Operating Expense
Municipal Building and Grounds
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Heating and Lighting
Postage
Telephone
Maintenance of Equipment
Maintenance of Buildings
Rentals
Uniform Allowance
Cleaning and Household Supplies
Maintenance Materials - Buildings
Small Tools and Equipment
Employee Welfare
Equipment Replacement
Equipment Repairs
Improvements Other than Buildings
Machinery and Equipment
Personnel
Contractual professional Services
Printing, Binding and Publications
Dues, Subscriptions and M~mberships
Insurance and Bonding
Travel
Training Expense
Books, Pamphlets and Materials
Employee Welfare
Contingencies
Total General Government
Budget
$ 200
6,800
200
$ 380,179
$ 22,980
1,500
7,416
45O
7,500
15,000
28,000
15,920
2,000
8,700
300
2,600
2,200
4OO
2,500
2,000
4OO
5,000
600
$ 125,466
$ 25,050
1,000
710
830,631
5OO
19,000
5O
4,700
25
$ 881,666
$2,083,857
46
Actual
379,009
$ 190
5,810
609
$ 385,618
$ 22,028
4,095
263
9,078
13,306
21,424
12,552
1,979
8,796
161
2,593
2,207
1,305
2,000
90
10,242
2,100
$ 114,219
$ 13,505
2,116
784
716,204
197
27,892
104
4,489
$ 765,291
$2,057,944
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Public Safety
Police Department
Regular Salaries
Overtime Salaries
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
Training
Uniform Allowance
Office Supplies
Books, Pamphlets and Materials
Cleaning and Household Supplies
Maintenance Materials - Buildings
Operating Materials and Supplies
Computer Supplies
Employee Welfare
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Other
Budget
$2,183,484
68,145
46,800
8,100
93,659
90,350
18,250
22,340
3,300
6,200
3,000
20,120
1,500
36,501
2,700
7,522
3,600
35,734
23,750
3,200
3,500
2,000
4,000
17,500
800
1,000
109,089
141,161
43,940
18,362
$3,019,607
Actual
$2,153,458
62,502
44,612
1,218
589
70,314
66,750
17,696
21,155
787
5,961
1,717
25,438
1,843
30,600
1,754
10,603
3,202
32,947
26,429
3,429
6,837
2,126
3,372
16,307
1,163
1,434
109,089
118,260
43,834
$2,885,426
47
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Public Safety (Cont.)
Fire Department
Regular Salaries
Overtime Salaries
Longevity Pay
Contractual Professional Services
Printing and Publications
Heating
Postage
Telephone
Dues, Subscriptions and Memberships
Maintenance of Equipment
Maintenance of Buildings
Rentals
Travel Expense
Training
Uniform Allowances
Office Supplies
Books, Pamphlets and Materials
Motor Vehicle Supplies
Cleaning Supplies
Maintenance Materials - Equipment
Maintenance Materials - Buildings
Small Tools and Equipment
Operating Materials and Suppliesl
Other Operating Expenses
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Furniture and Fixtures
Printing
Overtime Salaries
Printing and Binding
Maintenance of Equipment
Office Supplies
Operating Supplies
Machinery and Equipment
Total Public Safety
Budget
$1,346,083
83,240
17,450
67,121
150
4,200
55O
14,980
693
22,650
7,300
2,970
2,161
8,000
11,550
6OO
3,200
1,500
2,600
25O
5,500
1,910
15,100
12,618
67,618
28,253
20,420
7,000
$1,755,667
$ 5,000
2,400
3,187
13,000
3,000
$ 26,587
$4,801,861
Actual
$1,325,507
69,503
17,450
62,731
5O
2,680
259
9,594
609
19,279
5,432
1,052
53O
4,239
11,550
318
2,173
1,274
2,496
64
2,589
621
12,086
67,618
43,165
17,076
9,014
$1,688,959
$ 215
2,079
2,016
10,098
2,149
1,125
$ 17,682
$4,592,067
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Highways and Streets
Development and Public Services
Administration
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual and Professional Services
Printing, Binding and Publication
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Training
Materials and Supplies
Equipment P~eplacement
Equipment Repairs
Furniture and Fixtures
Planning and Zoning
Regular Salaries
Temporary Salaries
Contractual and Professional Services
Printing, Binding and Publication
Dues, Subscriptions and Memberships
Travel Expense
Training
Operational Supplies
Engineering
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publications
Dues, Subscriptions and Memberships
Maintenance of Equipment
Microfilming
Travel Expense
Budget
$ 69,120
4OO
4,150
45O
8OO
200
100
1,330
1,050
5OO
1,200
1,500
1,940
1,000
$ 83,740
$ 41,064
3,700
20,000
3,900
2,600
90O
6O0
400
$ 73,164
$171,156
3,000
15,805
1,150
10,000
150
220
575
3OO
1,100
Actual
$ 65,500
3,211
45O
397
13
23
95
666
163
143
1,500
1,316
1,483
$ 74,960
$ 40,988
1,569
5,097
2,748
2,596
110
$ 53,108
$151,726
1,112
5,007
750
5,587
301
139
202
940
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Engineering (cont.) Training
Uniform Allowance
Books, Pamphlets and Materials
Operational Materials
Equipment Replacement
Equipment P~pairs
Public Works - Administration
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Printing, Binding and Publications
Dues, Subscript ions and Memberships
Maintenance of Equipment
Travel Expense
Training
Office Supplies
Books, Pamphlets and Materials
Computer Supplies
Public Works - Overhead
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Heat
Telephone
Dues, Subscriptions and Memberships
Maintenance of Equipment
Maintenance of Building Improvements
Rentals
Travel Expense
Training
Uniform Allowance
Office Supplies
Books, Pamphlets and Materials
Cleaning Supplies
Small Tools and Equipment
Budget
$ 1,360
5OO
100
1,600
9,000
9,911
$225,927
$ 85,496
1,500
3,150
4OO
100
35O
1,350
85O
8OO
2OO
70
8OO
$ 95,066
$211,172
100
21,000
6,750
12,100
3,500
4O
45O
5,150
8,600
100
1,500
5,000
100
3,000
1,000
Actual
$ 2,069
5OO
1,375
9,000
8,166
$186,874
$ 85,500
1,845
4,166
872
59
3O5
1,125
88
2,158
103
205
$ 96,426
$191,819
540
25,605
6,750
10,050
1,84627
586
6,807
13,295
229
956
5,014
235
81
2,183
919
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Overhead (Cont.)
Employee Welfare
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Public Works - Street Maintenance
Regular Salaries
Overtime Salaries
Temporary Salaries
Maintenance Materials - Buildings
Small Tools and Equipment
Operational Materials and Supplies
Public Works - Traffic
Regular Salaries
Overtime Salaries
Temporary Salaries
Power and Lights
Maintenance of Equipment
Maintenance of Buildings
Rentals
Sign Supplies
Small Tools and Equipment
Operating Materials and Supplies
Public Works - Storm Water Management
Regular Salaries
Overtime Salaries
Temporary Salaries
Maintenance of Buildings
Maintenance Materials - Equipment
Maintenance Materials - Buildings
Small Tools and Equipment
Operating Materials and Supplies
Budget
$ 2,500
129,017
157,245
15,550
$583,874
$ 54,022
5,280
7,280
16,000
900
4,000
$ 87,482
$ 32,929
5,924
2,500
85,000
40,000
10,000
400
10,000
2OO
6OO
$187,553
$ 63,810
3,320
5,580
1,000
2,500
5,500
150
5,400
$ 87,260
Actual
$ 3,366
129,017
130,073
12,820
$542,218
$ 51,502
7,358
5,131
12,196
1,123
4,674
$ 81,984
$ 31,801
3,746
2,429
82,959
46,031
8,642
14,514
115
1,085
$191,322
$ 50,456
2,905
6,317
1,187
2,387
4,032
195
4,137
$ 71,616
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Snow and Ice Control
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Maintenance Materials - Equipment
Operating Materials and Supplies
Machinery and Equipment
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
Machinery and Equipment
Public Works - Grounds
Regular Salaries
Overtime Salaries
Temporary Salaries
Maintenance of Buildings
Maintenance Materials - Equipment
Small Tools and Equipment
Operating Materials and Supplies
Buildings/Improvements to Buildings
Machinery and Equipment
Building and Inspection
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Budget
$ 67,325
46,900
4,000
525
9,500
46,800
21,700
$196,750
$ 75,012
4,220
12,600
1,000
100
1,000
22,500
70
500
1,500
3,000
$121,502
$ 40,035
1,972
5,000
1,500
3OO
1,100
2,500
4,500
56,907
$237,816
5,000
2,450
Actual
$ 31,483
10,683
879
525
7,286
27,560
10,764
$ 89,180
$100,863
2,360
10,313
761
113
33
19,000
10
595
2,498
3,706
8,388
$148,640
$ 48,906
1,844
2,092
25O
397
1,068
4,288
4,286
19
$ 63,150
$234,309
12,185
255
2,450
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Building and Inspection (Cont.)
Contractual and Professional Services
Printing, Binding and Publication
Dues, Snbscriptions and Memberships
Maintenance of Equipment
Microfilming
Travel
Training
Uniform Allowance
Books, Pamphlets and Materials
Operating Materials and Supplies
Equipment Replacement
Equipment Repairs
Public Health
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Training
Books, Pamphlets and Materials
Small Tools and Equipment
Operating Materials and Supplies
Other Operational Expense
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Budget
$ 7,000
8OO
675
8OO
2,400
88O
2,450
6OO
35O
8OO
6,000
9,036
$ 277,057
60,240
1,500
1,964
450
150
100
393
3O5
460
85O
3OO
100
1,000
200
4,400
3,636
1,675
$ 77,723
$2,154,005
Total Highways and Streets
Actual
$ 5,910
522
698
248
4,839
243
1,348
600
380
1,063
6,000
7,519
$ 278,569
$ 60,240
1,434
1,607
45O
265
265
302
332
601
211
179
(5O)
155
4,400
2,709
1,684
$ 74,784
$1,952,831
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Fund Descriptions
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~ Fund
The Federal Revenue Sharing Fund provides accountability for Federal R~venue
Sharing monies received under Title I of the State and Local Fiscal Assistance Act
of 1972.
Illinois Municipal Retirement Fund
The Illinois Municipal Retirement Fund is used to account for the revenue and
expenditures associated with providing disability and pension benefits for Glenview
employees. This fund also provides the employer with a portion of F.I.C.A.
Contributions.
Motor Fuel Tax Fund
The Motor Fuel Tax Fund is used to account for the activities involved with street
maintenance and construction. Financing is provided by the Village's share of
State gasoline taxes. State law requires these gasoline taxes to be used to
maintain streets.
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VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Interest Income
Other Current Charges
Total Revenues
Budget
$1,049,233
33,200
17,000
130,800
$1,230,233
1,248,246
$ (18,013)
Expenditures
Excess (Deficiency) of Revenues over
Expenditures and Other Uses
Fund Balance
January 1
December 31
See accompanying Notes to the Fimancial Statements.
Actual
$ 978,779
15,306
16,975
30,345
152,570
$1,193,975
1,027,686
$ 166,289
407,718
$ 574,007
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VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Regular Salaries
Overtime Salaries
Temporary Salaries
Auditing Fees
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
Maintenance of Buildings
Insurance and Bonding
Travel Expemse
Training
Trustee Expense
Library Programs
Office Supplies
Books, Pamphlets and Materials
Cleaning Supplies
Other Operating Expenses
Automation and Expansion
Machinery and Equipment
Gift Fund
Total Expenditures
Budset
$ 609,346
2,000
3,000
5,000
2,000
5,000
850
10,000
2,400
6,500
6,600
95O
4,500
12,000
26,830
19,000
76,700
3,700
2,500
1,000
4,200
11,000
215,500
2,800
650
200,000
6,220
8,000
$1,248,246
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Actual
$ 343,555
3,457
222,488
2,000
408
3,843
3,457
7,462
523
2,706
898
6,679
7,844
1,124
4,872
10,618
24,891
15,378
70,380
2,655
1,279
766
5,981
12,333
260,177
2,326
605
8,420
561
$1,027~686
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VILLAGE OF GLENVIEW, ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Budget
Revenues
Property Taxes - Current $ 271,890
Property Taxes - Prior
Replacement Taxes 14,520
Employee Contributions 380,119
Interest 43,000
Other 33,811
Total Revenues $ 743,340
Expenditures
Retirement Contributions 851,587
Excess (Deficiency) of Revenues
over Expenditures before
Other Financing Sources $(108,247)
Other Financing Sources
Operating Transfers In
Waterworks - East Fund $ 37,880
Waterworks - West Fund 20,398
Sewerage ~and 9,918
$ 68,196
Excess (Deficiency) of Revenues and
Other Sources over Expenditures $ (40,051)
Fund Balance January 1
December 31
See accompanying Notes to the Financial Statements.
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Actual
$ 270,044
5,978
9,380
411,253
31,584
33,811
$ 762,050
953,469
$(191,419)
$ 37,880
20,398
9,918
$ 68,196
$(123,223)
553,415
$ 430,192
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VILLAGE OF GLENVIEW, ILLINOIS
MOTOR FUEL TAX FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Allotments
Interest Income
Miscellaneous
Total Revenues
Budset
$ 551,600
52,470
$ 604,070
Expenditures
Excess of Revenues over Expenditures
before Other Financing (Uses)
Other Financing (Uses)
Operating Transfers (Out)
Capital Projects Fund
$ 604,070
(671,000)
$ (66,930)
Excess (Deficiency) of Revenues over
Expenditures and Other Uses
Fund Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 553,363
40,375
5,699
$ 599,437
$ 599,437
(671,000)
$ (71,563)
689,152
$ 617,589
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Fund Descriptions
Wauke~an Road Sanitary Service Bond Series of 1968
This issue in the amount of $38,000 was used to construct a sanitary
sewer on Woodlawn Drive.
Police Administration Building Bond Series of 1972
This issue in the amount of $1,400,000 was used to construct the Police
Administration Building.
Public Library Parking Lot Bond Series of 1976
This issue in the amount of $200,000 was used to construct a library
parking lot.
Municipal Building Bond Series of 1979
This issue in the amount of $950,000 was used to construct the Village
Hall.
Library Bond Series of 1984
This issue in the amount of $3,100,000 was used to construct an addition
to the library.
Library Bond Series of 1985
This issue in
the Library
$3,250,000.
the amount of $150,000 represents the unissued portion of
Bonds of 1984. The total 1984 authorization was for
Special Service Area Number 1 Bond Series of 1980
This issue in the amount of $70,000 was used to install a lighting system
in the Swainwood Subdlvison.
Special Service Area Number 2 Bond Series of 1981
This issue in the amount of $38,000 was used to construct a sanitary
sewer on Woodlawn Drive.
Fund Descriptions (Cont.)
Special Service Area Number 3 Bond Series of 1981
This issue in the amount of $25,000 was used to construct a water main on
Woodlawn Drive.
Special Service Area Number 4 Bond Series of 1982
This issue in the amount of $90,000 was used to construct a sanitary
sewer in the Northwest portion of the Village.
Special Service Area Number 5 Bond Series of 1985
This issue in the amount of $48,000 was used to construct a sanitary
sewer system and water main along Glenwood Avenue and Sunset Ridge Road.
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VILLAGE OF GLENVIEW, ILLINOIS
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BA~LANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
(See Following Page)
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Fund Descriptions
Public Works Garage Fund
The Public Works Garage Fund is used to account for the revenues and expenditures
associated with the construction of a new public works garage. Construction of ~he
garage began in the fall of 1982.
Capital Equipment Replacement Fund
The Capital Equipment Replacement Fund is used to account for the funds annually
set aside for the eventual replacement of certain capital equipment.
Capital Projects Fund
The Capital Projects Fund is used to account for revenues and expenditures involved
with all other Capital Improvements throughout the Village.
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V~ OF GIENVIEW, ILLINOIS
CAPITAL PROIECTS M01~S
A~D (THANGES IN FU~ ~
FOR ~ YEAR E}R)ED DECE~MER 31, 1986
Int ergovermmnt al
FRscel laneous
Total P~vermes
Expendit~es
Capital Outlay
Excess (Deficiency) of
Revemaes over Expenditures
before Other Financing Sources
Other Financing Sotrces
Operating Transfers In
t~roceeds from Bonds
Excess (Deficiency) of Re~anes and
Other Sources over Expendit~ces
Fund Balances
Jama~y 1
Prior Period Adjustment
Adjusted Balances
Sesidual Equity Transfers In
Residual Equity T~ansfers (Oat)
December 31 $ 144,525
P~blic Capital
Works Equi~nent Capital
Garage Replacement Projects
Totals
1986 1985
$ 246,566 $ 246,566
$ 49,407 $ 455,711 74,267 579,385 $ 731,575
$ 49,407 $455,711 $ 320,833 $ 825,951 $ 731,575
243 253,035 1,305,717 1,558,995 4,804,690
$ 49,164 $ 202,676 $ (984,884) $ (733,044) $(4,073,115)
$ 987,150 $ 987,150 $ 2,005,921
198,000
$ 987,150 $ 987,150 $ 2,203,921
$ 49,164 $ 202,676 $ 2,266 $ 254,106 $(1,869,194)
$ 684,633 $ 604,351 $ 302,148 $1,591,132 $ 3,460,326
(218,061) 152,539 (65,522)
$ 684,633 $ 386,290 $ 454,687 $1,525,610 $ 3,460,326
362,699 362,699
(589,272) 589,272)
$ 95,361 $ 386,290 $ 817,386 $1,299,037 $ 3,460,326
$ 588,966 $ 819,652 $1,553,143 $ 1,591,132
See accompanying Note$ to the Financial State.uts.
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VILLAGE OF GLENVIEW, ILLINOIS
PUBLIC WORKS GARAGE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Interest Income
Budget
$50,000
Expenditures
Construction Costs
Excess of Revenues over Expenditures
$50,000
Fund Balance
January 1
Residual Equity Transfers (Out)
Capital Projects Fund
Federal Revenue Sharing Fund
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 49,407
243
$ 49,164
$ 684,633
(362,699)
(226,573)
$ 95,361
$ 144,525
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VILLAGE OF GLENVIEW, ILLINOIS
CAPITAL EQUIPMENT'REPLACEMENT FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Miscellaneous
Interest Income
Total Revenues
Budget
$435,756
71,700
$507,456
$519,940
$519,940
$(12,484)
Expenditures
Automobiles
Miscellaneous
Total Expenditures
Excess (Deficiency) of Revenues
over Expenditures
Fund Balance
January 1
Prior Period Adjustment
Adjusted Balance
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 448,126
7,585
$ 455,711
$ 247,785
5,250
$ 253,035
$ 202,676
$ 604,351
(218,061)
$ 386,290
$ 588,966
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VILLA(~ OF GLENVIEW, ILLTNOIS
S~NT OF REVENUES, EXPE~DI~IRES,
A~D CHANCF~ IN FO~D BALAN~ - ~ A~ ACEdAL
FOR T~ YEAR EbDED DECEMBER 31, 1986
Gr~ats
Interest
Miscellaneous
Total Revenues
Expendit~es
Architects Fees
(~nstrugtion
Engineering - Const~netion
Engineering Design
Engineering - Study
Site Preparation and Inspection
Land Acquisition
Parking lots
Pava~ nt Maintenance
Railroad C~cssing
Sanit a~y Se%~r
Sidewalks
Sidewalk Rapl ac~ment
Trees
Water Tr ananission
W~ter Replace~nt
Maters
Miscellanecus
Total Expendittres
E~cess (Deficiency) of Revenues o~r Expenditures
before Other Firmncing Sources
Other Financing So~ces
Operating Tr~sfers In
Corporate Fund
Federal Revenue ~haring
Motor Fuel Tax Fund
Se~r age Fund
Waterworks - Wost Fund
E~cess of Revenues and O~her Sotrces o~r Expendit~es
Fund Balance
Janmzy 1
Prior Period ~d~stm~nt
~djusted Balance
Rasidual Equity Transfer In
Public Works Garage Rind
Budget
$ 250,000
50,000
1,532,350
$1,832,350
$2,516,300
$ (683,950)
$ 91,000
90,000
671,000
120,000
55,150
$1,027,I50
$ 343,200
Dec ~mber 31
Actual
$ 246,566
44,776
29,491
$ 320,833
$ 66,205
808,852
47,925
100,637
6,168
10,934
3,945
~00
48,716
34,800
12,397
26,320
26,662
50,273
1,442
13,617
33,576
12,348
$1,305,717
$ (9S4,884)
$ 91,000
90,000
671,000
80,000
55,150
$ 987,150
$ 2,266
$ 302,148
152,539
$ 454,687
362,699
$ 817,386
$ 819,652
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Fund Descriptions
Waterworks - East Fund
The Waterworks - East Fund is used to account for the provision of water and sewer
service to the residents of east Glenview. Ail activity necessary to provide such
services is accounted for in this fund including~ but not limited to Administration
(Director of Public Works), Operation: Maintenance, Financing and related Debt
Service, and Billing and Collection.
Waterworks - West Fund
The Waterworks - West Fund is used to account for the provision of water service to
the residents of west Glenview and the unincorporated area adjacent to the ~stern
boarder of the Village. All activity necessary to provide such services is
accounted for in this fund including, but not limited to, Administration (Director
of Public Works), Operations, Maintenance, Financing and related Debt Service, and
killing and Collection.
Sewerage Fund
The Sewerage Fund is used to account for the funds necessary to provide sanitary
sewer service to both incorporated and unincorporated Glenview customers.
Commuter Parking Lot Fund
The Commuter Parking Lot Fund accounts for the activity
limited to the Administration (Finance Director), sale of
of the commuter parking facilities within the Village.
involved with but not
permits and maintenance
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VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1986
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
FOR THE YEAi~ ENDED DECEMBER 31, 1986
Operating Revenues
Charges for Services
Water and Sewer Charges
Parking Decals
Administrative Sepport Omarges
Total Operating Revenues
Waterworks Waterworks Parking Totals
- East - West Sewerage Lot 1986 1985
$ 1,772,422 $2,107,257 $ 458,485 $4,338,164 $3,629,925
189 586 $ 10,369 11,144 10,512
29,475 85,765 115,240 96,282
11,894 32,386 44,280 25,345
64,373 64,373 60,926
92,200 92,200 369,243
59,077 34,139 16,500 109,716 82,006
$ 1,965,257 $2,260,133 $ 474,985 $ 74,742 $4,775,117 $4,274,239
Operating Expenses
Administration $ 156,110 $ 315,539 $ 40,203 $ 30,000 $ 541,852 $ 465,257
Operations 1,265,296 839,273 117,229 21,877 2,243,675 2,198,390
Depreciation and Amortization IO4,964 227,581 31,380 5,571 369,496 382,855
Total Operating Expenses $ 1,526,370 $1,382,393 $ 188,8i~ $ 57,448 $3,155,023' $3,046,502
Operating Income $ 438,887 $ 877,740 $ 286,173 $ 17,294 $1,620,094 $1,227,737
Nonoperating Revenues (Expenses)
Interest Income $ 13,441 $ 2,586 $ 1,285 $ 18,053 $ 35,365 $ 30,049
Interest Expense (477,055) (477,055) (506,51g}
Gain on Sale of Property 29,597 29,597
Loss on Disposal of Vehicles (90,184) (90,184)
$ (47,146) $ (474,469) $ 1,285 $ 18,053 $ (502,277) $ (476,469)
Operating Transfers $ 391,741 $ 403,271 $ 287,458 $ 35,347 $1,117,817 $ 751,268
Operating Transfers Ia $ 75,000 $ 75,000
Operating Transfers (Out) (37,880) $ (i50,548) $ (95,156] (263,584) $ (504,357)
$ 37,120 $ (150,548) $ (95,156) $ (208,584) $ (504,357)
Net Income $ 428,861 $ 252,723 $ 192,302 $ 35,347 $ 909,233 $ 246,911
Retained Earnings
January 1
Prior Period Adjust~nt
Adjusted Balances
Residual Equity Transfer In
Residual Equity Transfer (Out)
December 31
3,072,241 $1,699,900 $343,595 $5,115,736 $4,868,825
530,399 530,399
$ 3,602,640 $1,699,900 $343,595 $5,646,135
$1,550,739 1,550,739
{1,485,764) (64,975) (1,550,739)
$4,868,825
$ 2,116,876 $1,634,925 $1,550,739 8343,595 $5,646,135 84,868,825
$ 2,545,737 $1,887,648 $1,743,041 $378,942 $6,555,368 $5,115,736
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ENt~a~RIS~; FU~S
Cf~MINING STATEMENT OF CHANGES IN FIN~A~IAL POSITION
FOR THE YEAR E~ED ~ 31, 1986
Cash Was Provided By
Operations
Net Inca~
~dd Back Non-cash Expense
Depreciation
~or t izat ion
Decrease in C~x~rent ~ssets
Increase in Current Liabilities
Increase in Contributed Capital
Rmsidual Equity Transfer In
Prior Period Adjus~mnt
Fixed Assets Tramsfered Oat
Water%orks W~ter%orks Parking Totals
- East - ~%st Serrate Lot 1986 1985
428,861 $ 252,723 $ 192,302 $ 35,347 $ 909,233 $246,911
104,964 227,581 31,380 5,571 369,496 377,566
5,289
$ 533,825 $ 480,304 $ 223,682 $ 40,918 $1,278,729 $629,766
41,039 41,039 5,551
90,739 3,152 93,891 108,681
152,785
1,550,739 1,550,739
530,399 530,399
1,425,901 1,425,901
$2,580,864 $ 521,343 $1,774,421 $ 44,070 $4,920,698 $896,783
C~sh Was Used ~b
Increase Oarrent Assets $ 350,571
Increase in Fixed ;ssets 305,851 $ 10,983
Increase CDnstmaction in Progress 92,890
Decrease (l~rent Liabilities 270,945
Rmtire Bond Principal 425,000
Decrease Contributed Capital 134,494
Rmsidual Equity Transfers Oat 1,485,764 64,975
Fixed ~sets ~5~ansfered In
Nmt Increase (Decrease)
Cash and Investments
J ar~m:y 1
December 31
$ 267,443 $ 75,000 $ 693,014 $255,474
5,369 322,203 179,768
92,890
270,945 8,540
425,000 450,000
134,494
1,550,739
1,425,901 1,425,901
$2,369,570 $ 771,903 $1,698,713 $ 75,000 $4,915,186 $893,782
$ 211,294 $(250,560) $ 75,708 $(30,930) $ 5,512 $ 3,001
(668,549) 724,393 - 332,774 388,618 385,617
$ (457,255) $ 473,833 $ 75,708 $301,844 $ 394,130 $388,618
See accompanying Notes to the Financial Stat~mmnts.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Increases
Fixed Asset Contributions
Decreases - Adjustments for Advances
Net Increase (Decrease)
Account Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
$ 20,523
(155,017)
$(134,494)
152,785
$ 18,291
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
STATEMENT OF REVENUES, EXPENSES AND CHANCES IN
RETAINED EARNINGS - BUDGET A~D ACTUAL
FOR THE TEAR ENDED DECEMBER 31, 1988
Late Payment Fees
Brass Fittings
Other
Operating Expenses F~xcluding Depreciation
Administration
Operations
Supply and Metering
Distribution System
Overhead
Total Operating Expenses Excluding Depreciation
Operating Income before Depreciation
Depreeiatiom
Nonoperating Income (Expenses)
Gain on Sale of Property
Loss on Disposal of Vehicles
Net Income be fore Operatimg Transfers
Operating Transfers In (Out)
Waterworks - West Fund
Illinois Municipal Retirement Fund
Public Works Garage Fund
Capital Projects Fund
Netained Earuings
Jauuary 1
Prior Period Adjustment
Adjusted BalaNce
Rmsidual Equity Transfer (Out) - Sewerage Fund
December 31
Budset
$2,065,500
20O
13,000
8,000
92,200
13,000
2,500
2,500
2,000
$2,199,900
$ 161,680
962,138
118,790
189,276
262,910
$1~694,794
$ 505,106
$ 505,106
$ 16,000
$ 16,000
$ 521,106
$ (37,800)
(89,850)
(131,500)
$ (259,150)
$ 261,956
73
Actual
$ 1,772,422
189
29,475
ll,894
92,200
21,235
2,639
3,517
1,602
25,471
4,613
$ 1,9651257
$ 156,110
859,227
93,242
i35,273
177,554
$ 1,421,406
543,851
(104,964)
$ 438,887
$ 13,441
29,597
(90,184)
$ (47,146)
391,741
$ 75,000
(37,880)
$ 37,120
$ 428,861
$ 3,072,241
530,399
$ 3,602,640
(1,485,764)
$ 2,116,878
$ 21545,737
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Administration
Contractual Professional Services
Printing, Binding and Publication
Postage
Computer Supplies
Administrative Charges - General Fund
Total Administration
Budget
$ 3,100
5O
7,000
3,500
148,030
$161,680
Operations
Supply and Metering
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Water
Maintenance of Buildings
Operational Materials and Supplies
Total Supply and Metering
$ 30,920
1,768
1,100
20,000
897,750
2,000
8,600
$962,138
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
Total Pumping Station
$ 16,500
6,760
2OO
11,730
55,000
6,000
3,500
13,500
5O
3,900
600
1,050
$118,790
Actual
$ 4,154
33
3,893
148,030
$156,110
$ 45,140
624
821
17,643
780,533
2,185
12,281
$859,227
$ 9,827
6,159
8
8,741
54,721
2,520
1,989
6,863
650
659
122
983
$ 93,242
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
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
Machinery and Equipment
Total Distribution System
Budget
$101,196
33,280
4,500
5,000
5O0
13,500
300
500
27,500
3,000
8,000
$197,276
8,000
$189,276
Overhead
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
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
Equipment Repairs
Machinery and Equipment
Less Nonoperating Expenses
Machinery and Equipment
Total Overhead
$110,317
208
7,250
2,700
470
600
3,700
730
1,800
2,700
65O
2OO
4,600
6OO
2OO
52,407
73,778
4,450
$267,360
4,450
$262,910
Actual
$ 79,705
8,403
3,197
5,401
324
10,774
30
339
24,665
2,435
7,760
$143,033
7,760
$135,273
$ 98,184
64
8,046
2,700
449
114
2,104
877
1,368
2,504
906
299
4,429
2,010
52,563
937
$177,554
$177,554
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - WEST FUND
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31~ 1986
Operations
Supply and ~tering
Nonoperating Income (Expenses)
Operating Transfers (Out)
Illinois Municipal Retirement Fund
Public Works Garage Fund
Capital Projects Fund
Waterworks - East Fund
Retained Earnings
January 1
Residual Equity Transfer Out - Sewerage Fund
$1,915,900
50,000
21,000
3,000
2,500
2,000
$2,007,400
$ 323,972
553,798
148,087
114,892
$1,140,749
$ 866,651
$ 866,651
35,350
(476,438)
$ (430,088)
436,563
(20,398)
(60,150)
(15,000)
(95,548)
341,015
77
$2,107,257
586
85,765
32,386
20,667
6,521
2,784
2,548
$2,260,133
$ 315,539
593,026
123,423
122,824
$1,105,321
227,581
$ 877,740
$ 2,586
(477,055)
$ (474,469)
$ 403,271
$ (20,398)
(55,150)
(75,000)
$ (150,548)
$ 252,723
$1,699,900
(64,975)
$1~634,925
$1,887,64~
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - WEST FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Administration
Contractual Professional Services
Printing, Binding and Publications
Postage
Computer Supplies
Administrative Charges
General Fund
Waterworks Fund - East
Sewerage Fund
Other Operating Expenses
Total Administration
Budget
$ 3,000
50
7,000
3,500
199,622
92,200
16,400
2,200
$323,972
Operations
Supply and Metering
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Water
Maintenance of Buildings
Operating Materials and Supplies
Total Supply and M~tering
$ 24,370
728
1,100
12,800
498,700
2,000
14,100
$553,798
Actual
$ 3,324
3,893
199,622
92,200
16,400
100
$315,539
$ 22,176
527
511
12,671
540,918
2,414
13,809
$593,026
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - WEST FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Operations (Cont.)
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
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Pumping Station
Budget
$ 20,597
6,760
500
12,680
93,000
2,000
3,000
5,500
50
2,500
75O
75O
1,500
$149,587
1,500
$148,087
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
$ 57,392
10,400
4,000
3,300
5OO
12,500
5OO
22,800
3,500
8,000
$122,892
8,000
$114,892
Actual
$ 8,363
4,633
39
4,699
100,640
863
2,367
495
64
306
221
733
3,223
$126,646
3,223
$123,423
$ 71,270
6,873
5,742
2,539
196
7,602
410
24,487
3,705
7,760
$130,584
7,760
$122,824
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VILLAGE OF GLENVIEW, ILLINOIS
SEWERAGE FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Operating Revenues
Charges for Services
Sewer Charges
Miscellaneous
Other
Total Operating Revenues
Operating Expenses Excluding Depreciation
Administration
Operations
Pumping Station
Collection
Total Operating Expenses
Operating Income before Depreciation
Depreciation
Operating Income
Nonoperating Income (Expenses)
Interest Income
Interest Expense
Net Income before Operating Transfers
Operating Transfers (Out)
Illinois Municipal Retirement Fund
Public Works Garage Fund
Capital Project Fund
Debt Service Fund
Net Income
Retained Earnings
January 1
Residual Equity Transfer In
Waterworks - East Fund
Waterworks - West Fund
Budget
$ 529,975
16,400
Actual
$ 458,485
16,500
December 31
See accompanying Notes to the Financial Statements
$ 546,375 $ 474,985
$ 59,436 $ 40,203
11,692 11,521
93,032 105,708
$ 164,160 $ 157,432
$ 382,215 $ 317,553
- 31,380
$ 382,215 $ 286,173
$ 3,250 $ 1,285
(1,344)
$ 1,906 $ 1,285
$ 384,121 $ 287,458
$ (9,918) $ (9,918)
(20,000)
(I00,000) (80,000)
(5,238)
$(129,918) $ (95,156)
$ 254,203 $ 192,302
$1,485,764
64,975
$1,550,739
$1,743,041
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VILLAGE OF GLENVIEW, ILLINOIS
SEWERAGE FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Administration
Contractual Professional Services
Printing, Binding and Publications
Postage
Office Supplies
Computer Supplies
Administrative Charges - General Fund
Equipment Replacement
Equipment Repairs
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
Budget
$ 2,000
5O
2,000
150
1,500
36,000
8,400
9,336
$59,436
$ 4,680
412
400
5OO
3,500
1,600
600
$11,692
Actual
$ 1,018
36,000
3,185
$ 40,203
$ 6,864
154
14
1,821
1,823
845
$ 11,521
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VILLAGE OF GLENVIEW, ILLINOIS
SEWERAGE FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1986
Operations (Cont.)
Collection System
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Maintenance of Equipment
Maintenance of Buildings
Rentals
Maintenance Materials
Operational Materials and Supplies
Machinery and Equipment
Less Nonoperating Expenses
Machinery and Equipment
Total Collection System
Budget
$61,656
3,116
3,600
4,500
100
3,000
60
3,000
14,000
5,550
$98,582
5,550
$93,032
Actual
$ 65,902
1,570
2,446
4,846
84
12,857
6O
4,550
13,393
5,369
$111,077
5,369
$105,708
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VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Operating Revenues
Charges for Services
Meter Fees
Parking Decals
Total Operating Revenues
1986
Budget Actual
Operating Expenses
Administration
Operations
Depreciation
Total Operating Expenses
Operating Income
Nonoperating Income
Interest Income
Net Income Before Operating Transfers
Operating Transfers (Out)
Capital Projects Fund
Net Income (Loss)
1985
Actual
Retained Earnings
January 1
December 31
See accompanying Notes to the Financial Statements.
$ 10,800 $ 10,369 $ 10,334
49,000 64,373 60,926
$ 59,800 $ 74,742 $ 71,260
$ 30,000 $ 30,000
5,571 $ 5,430
25,900 21,877 45,152
$ 55,900 $ 57,448 $ 50,582
$ 3,900 $ 17,294 $ 20,678
16,500 18,053 22,774
$ 20,400 $ 35,347 $ 43,452
(75,00o) - -
$(54,600) $ 35,347 $ 43,452
343,595 300,143
$378,942 $343,595
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COMMUTER PARKING LOT FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Administration
Administration - Corporate Fund
Budget
$30,000
Operations
Contractual Professional Services
Printing, Binding and Fublications
Power and Light
Postage
Rentals
Maintenance Materials
Operational Materials
$ 700
5OO
1,200
200
22,000
3OO
1,000
$25,900
Depreciation
Depreciation
Actual
$30,000
$ 1,685
211
16,590
3,391
$21,877
$ 5,571
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VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF FIXED ASSETS AND DEPRECIATION
FOR THE YEAR ENDED DECEMBER 31, 1986
87
ASSETS
Leasehold Improvements
Machinery and Equipment
ACCUMULATED DEPRECIATION/
AMORTIZATION
Leasehold Improvements
Machinery and Equipment
Net Asset Value
Balances Balances
January 1 Additions Retirements December 31
$106,514
2,820
$109,334
$ 98,272 $ 5,289
141 282
$ 98,413 $ 5,571
$106,514
2,820
$109,334
$103,561
423
$103,984
$ 5,35O
See accompanying Notes to the Financial Statements.
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Fund Description
Municipal Equipment Repair Fund
The Municipal Equipment Repair Fund is used to account for the costs of repairing
and maintaining all vehicles of the Village. These costs include labor, material,
fuel, and fixed overhead of the Village's repair facility.
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
BALANCE SHEET
DECEMBER 31, 1986
ASSETS
Current Assets
Cash and Investments
Receivables - Accounts
Total Assets
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable
Fund Equity
Retained Earnings - Undesignated
Total Liabilities and Fund Equity
See accompanying Notes to the Financial Statements.
1986
$90,397
6,819
$97,216
$ 259
$96,957
$97,216
1985
$93,305
3,549
$96,854
$12,408
$84,446
$96,85~
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Operating Revenues
Charges for Services
Miscellaneous
Total Operating Revenues
Operating Expenses
Operating Income
Nonoperating Revenues
Interest Income
Net Income
Retained Earnings
January 1
December 31
1986
Budget Actual
1985
Actual
See accompanying Notes to the Financial Statements.
$442,955 $375,592 $432,740
4,000 11,149 8,925
$446,955 $386,741 $441,665
429,435 377,326 378,242
$ 17,520 $ 9,415 $ 63,423
1,700 3,096 2,492
$ 19,220 $ 12,511 $ 65,915
84,446 18,531
$ 96,957 $ 84,446
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1986
Cash Was Provided By
Operations
Net Income
Cash Was Used To
Increase Current Assets
Decrease Current Liabilities
Net Increase (Decrease)
Cash and Investments
January 1
December 31
1986
$12,511
$12,511
$ 3,270
12,149
$15,419
$(2,908)
93,305
$90,397
See accompanying Notes to the Financial Statements.
1985
$ 65,915
$ 65,915
$ 3,152
83,992
$ 87,144
$(21,229)
114,534
$ 93,305
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
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
Other Maintenance
Machinery and Equipment
Total
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Operating Expenses
Budget
$118,383
5,504
4,5O0
8O0
5,000
30,000
2,000
3,100
150,000
25,500
1,800
67,000
4,500
2,500
5,325
3,523
18,700
$448,135
18,700
$429,435
Actual
$101,020
11,357
3,039
8OO
4,897
23,851
3,148
2,139
117,418
26,389
2,406
62,183
5,073
3,662
5,325
2,990
1,629
$377,326
$377,326
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Fund Descriptions
Expendable Trust
Escrow Deposit Fund
The Escrow Fund is used to account for the funds placed on deposit with the Village
by building contractors working within the Village limits. Interest earned on
escrow deposits is annually transferred to the Corporate Fund.
Deposit Fund
The Deposit Fund is used to account for money on deposit with the Village being
held on a temporary basis such as security deposits for use of Village equipment.
Pension Trust
Police Pension Fund
The Police Pension Fund is used to account for the resources necessary to provide
disability and retirement benefits to personnel of the Glenview Police Department.
Firemen's Pension Fund
The Firemen's Pension Fund is used to account for the resources necessary to
provide disability and retirement benefits to personnel of the Glenview Fire
Department.
Agency
Deferred Compensation Plan - to account for salary deductions held by the Village
for certain Village employees. The Deferred Compensation is available to employees
upon termination or retirement.
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VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
EXPENDABLE TRUST FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1986
Miscellaneous
Interest Income
Other
Total Revenues
Expenditures
General Government
Contractual Services
Escrow Totals
Deposit Deposit 1986 1985
$ 149,329 $1,374 $ 150,703 $ 98,127
2,258 2,258
$ 149,329 $3,632 $ 152,961 $ 98,127
3,398 3,398~ 479
Excess of Revenues over Expenditures
before Other Financing (Uses)
$ 149,329 $ 234 $ 149,563 $ 97,648
Other Financing (Uses)
Operating Transfer (Out)
Corporate Fund
(149,329) (149,329) (96,890)
Excess of Revenues over Expenditure
and Other Uses
$ 234 $ 234 $ 758
Fund Balances
January 1
December 31
- 2,044 2,044 1,286
- $2,278 $ 2,278 $ 2,044
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
PENSION TRUST FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1986
Operating Revenues
Taxes
Property Taxes
Replacement Taxes
Contributions - Employee
Miscellaneous
Interest Income
Other
Total Operating
Revenues
Operating Expenses
Pensions and Refunds
Other
Total Operating
Expenses
Police Firemen's Totals
Pension Pension 1986 1985
$ 488,492 $ 291,072 $ 779,564 $ 847,068
24,078 14,211 38,289 18,036
155,785 98,923 254,708 244,748
835,810 772,208 1,608,018 883,871
17,811 36,944 54,755 50,837
$1,521,976 $1,213,358 $ 2,735,334 $ 2,044,560
$ 290,240 $ 93,919 $ 384,i59 $ 322~928
15,203 625 15,828 3,319
$ 305,443 $ 94,544 $ 399,987 $ 326,247
Net Income
$1,216,533 $1,118,814 $ 2,335,347 $ 1,718,313
Fund Balances
January 1
December 31
5,723,429 4,706,878 10,430,307 8,711,994
$6,939,962 $5,825,692 $12,765,654 $10,430,307
See accompanying Notes tn the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
PENSION TRUST FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1986
Cash Was Provided By
Operations
Net Income
Decrease in Current Assets
Police Firemen's Totals
Pension Pension 1986 1985
$1,216,533 $1,118,814 $ 2,335,347 $1,718,313
61,870 11,869 73,739
$1,278,403 $1,130,683 $ 2,409,086 $1,718,313
$ 87,598
Cash Was Used To
Increase Current Assets
Decrease Current Liabilities $
$
4,012 $ 4,012
4,012 $ 4,012 $ 87,598
Net Increase
$1,274,391 $1,130,683 $ 2,405,074 $1,630,715
Cash and Investments
January 1
December 31
5,057,552 4,287,151 9,344,703 7,713,988
$6,331,943 $5,417,834 $11,749,777 $9,344,703
See accompanying Notes to the Financial Statements.
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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, 1986
Operating Revenues
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Contributions - Employees'
Interest Income
Other
Total Operating Revenues
Operating Expenses
Pensions and Refunds
Other
Total Operating Expenses
Budget
$ 529,832
23,220
150,875
428,000
18,362
$1,150,289
$ 271,994
1,100
$ 273,094
$ 877,195
Net Income
Fund Balance
January I
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 469,246
19,246
24,078
155,785
835,810
17,811
$1,521,976
$ 290,240
15,203
$ 305,443
$1,216,533
5,723,429
$6,939,962
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VILLAGE OF GLENVIEW, ILLINOIS
FIREMEN'S PENSION FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1986
Operating Revenues
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Contributions - Employees'
Interest Income
Foreign Fire Insurance Tax
Other
Total Operating Revenues
Operating Expenses
Pensions and Refunds
Other
Total Operating Expenses
Budget
$303,291
14,270
94,600
391,000
22,000
12,618
$837,779
$ 93,920
8OO
$ 94,720
$743,059
Net Income
Fund Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 279,796
11,276
14,211
98,923
772,208
24,326
12,618
$1,213,358
$ 93,919
625
$ 94,544
$1,118,814
4,706,878
$5,825,692
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VILLAGE OF GLENVIEW, ILLINOIS
DEFERRED COMPENSATION PLAN FUND
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED DECEMBER 31, 1986
ASSETS
Assets Held by Agents for
Deferred Compensation
Plan (Market Value)
Balance
January 1
$1,677,018
$1,677,018
Additions Deletions
$617,295 -
$617,295
LIABILITIES
Due to Participants
See accompanying Notes to the Financial Statements.
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Balance
December 31
$2,294,313
$2,294,313
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31, 1986
GENERAL FIXED ASSETS
Land
Buildings and Improvements
Construction in Progress
Equipment
Furniture
Office Equipment
1986
$ 1,981,758
8,285,267
3,485,023
4,307,910
527,349
305,373
$18,892,680
INVESTMENT IN GENERAL
FIXED ASSETS
General Revenues
Bond Issues
$13,438,788
5,453,892
$18,892,680
See accompanying Notes to the Financial Statements.
1985
$ 1,981,758
8,273,019
2,919,844
4,172,249
517,276
292,595
$18,156,741
$12,702,849
5,453,892
$18,156,741
99
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
DECEMBER 31, 1986
Function and Activity
General Government
Executive
Administrative
Finance
Building and Grounds
Total General Government
January 1
Additions Deletions December 31
$ 64,166
1,484,771 $ 8,949
657,213
128,336 11,463
$ 2,334,486 $ 20,412
$ 2,546,036 $143,933
1,917,585 42,359
$ 4,463,621 $186,292
$ 64,166
1,493,720
657,213
139,799
- $ 2,354,898
$ 55,262 $ 2,634,707
8,750 1,951,194
$ 64,012 $ 4,585,901
Public Safety
Pollce
Fire
Total Public Safety
Public Works
Administration
Building Division
Engineering
Street Division
Equipment and Supplies
Division
Total Public Works
$ 2,001,303 $ 1,484
840,542 3,282
324,943
2,753,818 143,808
$125,432
$ 2,002,787
843,824
324,943
2,772,194
785,022 785,022
$ 6,705,628 $148,574 $125,432 $ 6,728,770
$ 4,653,006 $570,105 5,223,111
$18,156,741 $925,383 $189,444 $18,892,680
Culture and Recreation
Administration
Total Fixed A~sets
VILLAGE OF GLENVIEW, ILLINOIS
GENERAL LONG-TERM DEBT ACCOUNT GROUP
STATEMENT OF GENERAL LONG-TERMDEBT
DECEMBER 31, 1986
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1986
Fund
General
Corporate
First Trust and Savings
Bank of Glenview
Glenview State Bank
Special Revenue
Library
Glenview State Bank
Cragin Federal Savings
and Loan
Federal Revenue Sharing
Glenview State Bank
Illinois Municipal
Retirement
Glenview State Bank
Motor Fuel Tax
Cragin Federal Savings
and Loan
Western Savings of
Glenview
Glenview State Bank
Debt Service
Glenview State Bank
Capital Projects
Public Works Garage
Cragin Federal Savings
and Loan
Capital Equipment
Glenview State Bank
Cragin Federal Savings
and Loan
Capital Projects
Glenview State Bank
Cragin Federal Savings
and Loan
Cit iGerp Savings
First Trust and Savings
Bank of Glenview
Interest Maturity
Rate Date Cost
5.4 2/24/87
5.5
$ 400,000
1,126,881 $1,526,881
5.5 - $ 47,770
6.65 11/30/87 500,000 $ 547,770
5.5 275,300
5.5 - 419,269
5.75 4/28/87 $ 103,952
6.00 4/3/87 103,500
5.50 337,784
5.50
5.91 4/28/87 $ 144,525
5.50 - $ 9,494
470,000
7.45 4/30/87 250,000 729,494
5.50 $ 62,612
1,000,000
6.50 2/9/87 106,955
Var. - 8,517 1,178,084
545,236 $1,787,575
$ 361,862
$2,052,103
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VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS (CONT.)
DECEMBER 31, 1986
Fund
Enterprise
Waterworks - East
Glenview State Bank
Waterworks - West
Glenview State Bank
Sewerage Fund
Glenview State Bank
Commuter Parking Lot
Glenview State Bank
Internal Service
Municipal Equipment
Replacement
Glenview State Bank
Trust and Agency
Escrow Deposit
Glenview State Bank
Cragin Federal Savings
and Loan
Deposit
Glenview State Bank
Police Pension
Glenview State Bank
Cragin Federal Savings
and Loan
U.S. Treasury Notes
U.S. Treasury Bonds
Interest Maturity
Rate Date
5. 500 -
5.500 -
5. 500
5.5OO
5.500
5.500
6.125 6/1/87
6.125 6/9/87
6.175 3/24/87
5.500
5.500 -
6.650
6.600
15.375 10/15/88
15.375 i0/15/88
10.500 1/15/00
10.500 6/30/87
i1.875 10/15/89
8.250 5/15/90
6.750 2/15/93
8.500 5/15/99
8.375 8/15/00
11.625 11/15/02
$ (99,180)
110,801
247,852
226,154
1,800,000
850,000
$ 370,623
500 000
300 000
169 781
259 531
698 031
489 219
255 000
136 175
90,515
53,465
243,242
298,500
105
$ (457,255)
473,833
75,708
301,844 $ 394,130
$ 90,397
$3,135,627
26,842
VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS (CONT.)
DECEMBER 31, 1986
Fund
Trust and Agency (Cont.)
Police Pension (Cont.)
U.S. Treasury Bonds
Coupon Zero
GNMA
Firemen's Pension
Cragin Federal Savings
and Loan
Glenview State Bank
U.S. Treasury Notes
U.S. Treasury Bonds
U.S. Treasury - Stripped
Coupon
Governmental National
Mortgage Association
Total Investments
Interest Maturity
Rate Date
10.375 11/15/12 $ 312,128
10.375 11/15/12 156,004
10.375 11/15/12 171,670
10.375 5/15/14 315,935
9.000 5/15/16 40,768
9.000 5/15/16 47,966
9.000 7/15/16 943,626
8.500 6/15/16 479,764 $6,331,943
6.600 12/7/87
6.600 12/10/87
6.650 11/30/87
6.600 2/1/88
5.500
~4.000 7/15/88
10.750 11/15/89
11.875 10/15/89
11.875 8/15/93
8.500 5/15/94
8.375 8/15/00
11.625 11/15/02
$ i37,475
112 885
400 000
140 000
238 587
566 563
605 250
255 000
606 000
134 393
145 945
597 000
11.250 2/15/06 1,083,952
9.000 7/15/16 394,784
5,417,834
14,912,246
$21,125,194
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VILLAGE OF GLENVIEW, ILLINOIS
STATEMENT OF INSURANCE IN FORCE
DECEMBER 31, 1986
Description of Coverage
Workmen's Compensation
Builder's Risk
Glenview Public Library
Fire
Public Official Liability
Umbrella Liability
Excess Umbrella Liability
Public Employees Blanket Bond
Amount
of Coverage
Statutory Coverage
$100,000
$3,050,000
$82,000
$1,000,000
$5,000,000
$10,000,000
$250,000
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Insuring Company
Optimum
INA
Continental National -
Ben Franklin
International
Granite State
Home Insurance
Kemper
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
POLICE ADMINISTRATION BUILDING BOND SERIES OF 1972
DECEMBER 31, 1986
Date of Issue
Date of Maturity
Authorized Issue
Actual Issue
Denomination of Bonds
Interest Rate
Interest Dates
Principal Maturity Date
Payable at
December 1, 1972
January 1, 1990
$1,400,000
$1,400,000
$5,000
Bonds 1-280 - 4-1/2%
July I and January 1
January 1
Northern Trust
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond Tax Levy
Year Year Numbers Principal Interest Total July 1
Coupons Due on
Amount Jan. 1 Amount
1987 1986 216-240 $125,000 $15,587 $140,587 1987 $ 7,793 1988 $ 7,794
1988 1987 241-260 100,000 9,650 109,650 1988 4,825 1989 4,825
1989 1988 261-280 100,000 4,900 104,900 1989 2,450 1990 2,450
$325,000 $30,137 $355,137 $15,068 $15~069
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
MUNICIPAL BUILDING BOND SERIES OF 1979
DECEMBER 31, 1986
Date of Issue
Date of Maturity
Authorized Issue
Actual Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
April 1, 1979
January 1, 1991
$950,000
$950,000
1 - 190 - $5,000
Bonds 1 - 70 - 5.30%
Bonds 71 - 160 - 5.40%
Bonds 161 - 190 - 5.50%
July 1 and January 1
January 1
Amalgamated Trust and Savings Bank
Chicago, Illinois
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Numbers Principal Interest Total July 1 Amount Jan. 1
Amount
1987 1986 91-110 $100,000 $27,150 $127,150 1987 $13,575 1988 $13,575
1988 1987 111-130 100,000 21,750 121,750 1988 10,875 1989 10,875
1989 1988 131-160 150,000 16,350 166,350 1989 8,175 1990 8,175
1990 1989 161-190 150,000 8,250 158,250 1990 4,125 1991 4,125
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$500,000 $73,500 $573,500 $36,750 $36,750
Date of Issue
Date of Maturity
A~hor ized Issue
Den(ruination of Bonds
Interest Rates
Interest Dates
Principal Mat~u~ity Date
Payable at
Tax
Fiscal ~ ~ond
Year Year Numbers
1987 1986 41-80
1988 1987 81-125
1989 1988 126-180
1990 1989 181-235
1991 1990 236-290
1992 1991 291-345
1993 1992 346-400
1994 1993 401-455
1995 1994 456-510
1996 1995 511-565
1997 1996 566-620
V~AGE OF GLENVIEW, ILLIADIS
LIBRARY BO~) SER/ES OF 1984
DECEM~ 31, 1986
July 1, 1984
December 1, 1997
$3,100,000
$5,000
1986-1988 - 9.96
1989 - 8.
1990 - 8.60~
1991 - 8.90%
1992 - 9.1Cf/~
Ju~e 1 and Deca~ber 1
December 1
Citibank
1993- 9.25%
1994- 9.50%
1995- 9.75%
1996- 9.90
1997 - 10.00%
Principal Interest Total Jtme 1 k~o~nt Dec. 1
200,000 $ 271,700 $ 471,700 1987 $135,850 1987
225,000 251,900 476,900 1988 125,950 1988
275,000 229,625 504,625 1989 114,812 1989
275,000 206,250 481,250 1990 103,125 1990
275,000 182,600 457,600 1991 91,300 1991
275,000 158,125 433,125 1992 79,062 1992
275,000 133,100 408,100 1993 66,550 1993
275,000 107,662 382,662 1994 53,831 1994
275,000 81,538 356,538 1995 40,769 1995
275,000 54,725 329,725 1996 27,362 1996
275,000 27,500 302,500 1997 13,750 1997
$2,900,000 $1,704,725 $4,604,725 $852,361
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$135,850
125,950
114,813
103,125
91,300
79,063
66,550
53,831
40,769
27,363
13,750
$852,364 I
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
LIBRARY BOND SERIES OF 1985
DECEMBER 31, 1986
Date of Issue
Date of Maturity
Authorized Issue
Actual Issue
Denomination of Bonds
Interest Rate
Interest Dates
Principal Maturity Date
Payable at
December 23, 1985
December 23, 1988
$150,000
$150,000
$ 50,000
6.125%
June 23 and December 23
December 23
Village of Glenview, Illinois
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond
Year Year Number
Tax Levy
Principal Interest Total
1987 1986 2
1988 1987 3
Coupons Due on
June 23 Amount Dec. 23 Amount
$ 50,000 $6,125 $ 56,125 1987 $3,062 1987 $3,063
50,000 3,062 53,062 1988 1,531 1988 1,531
$100,000 $9,187 $109,187
$4,593 $4,594
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #1 BOND SERIES OF 1980
DECEMBER 31, 1986
Date of Issue
Date of Maturity
Authorized Issue
Denomination of Bonds
Interest Rate
Interest Dates
Principal Maturity Date
Payable at
July 31, 1980
July 31, 1990
$70,000
$7,000
6.00%
January 31 and July 31
July 31
Glenview State Bank
Fiscal
Year
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Levy
Year
Bond Tax Levy Coupons Due on
Number Principal Interest Total July 31 Amount Jan. 31 Amount
1986 1985 6 $ 840 $ 840 1987 $ 840
1987 1986 7 $ 7,000 1,470 8,470 1987 $ 840 1988 630
1988 1987 8 7,000 1,050 8,050 1988 630 1989 420
1989 1988 9 7,000 630 7,630 1989 420 1990 210
1990 1989 10 7,000 210 7,210 1990 210
$28,000 $4,200 ~32,200
$2,100 $2,100
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #2 BOND SERIES OF 1981
DECEMBER 31, 1986
Date of Issue
Date of Maturity
Authorized Issue
Interest Rate
Principal and Interest Dates
Payable at
February 20, 1981
February 20, 1996
$38,000
8.5%
February 20 and August 20
Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Principal Interest Total
1987 1986 $ 2,098 $ 2,432 $ 4,530
1988 1987 2,280 2,250 4,530
1989 1988 2,478 2,052 4,530
1990 1989 2,692 1,837 4,529
1991 1990 2,926 1,603 4,529
1992 1991 3,180 1,349 4,529
1993 1992 3,457 1,072 4,529
1994 1993 3,757 773 4,530
1995 1994 4,083 446 4,529
1996 1995 2,172 93 2,265
$29,123 $13,907 $43,030
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #3 BOND SERIES OF 1981
DECEMBER 31, 1986
Date of Issue
Date of Maturity
Authorized Issue
Interest Rate
Principal and Interest Dates
Payable at
February 20, 1981
February 20, 1996
$25,000
8.5%
February 20 and August 20
Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Principal Interest Total
1987 1986 $ 1,380 $1,600 $ 2,980
1988 1987 1,500 1,480 2,980
1989 1988 1,630 1,350 2,980
1990 1989 1,772 1,208 2,980
1991 1990 1,925 1,055 2,980
1992 1991 2,093 886 2,979
1993 1992 2,274 706 2,980
1994 1993 2,472 508 2,980
1995 1994 2,686 294 2,980
1996 1995 1,429 61 1,490
$19,161 $9,148 $28,309
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #4 BOND SERIES OF 1982
DECEMBER 31, 1986
Date of Issue
Date of Maturity
Authorized Issue
Interest Rate
Principal and Interest Dates
Payable at
November 15, 1982
November 15, 1993
$90,000
9%
May 15 and November 15
Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Principal Interest
Total
1987 1986 $ 7,640 $ 6,198 $13,838
1988 1987 8,343 5,495 13,838
1989 1988 9,111 4,727 13,838
1990 1989 9,949 3,888 13,837
1991 1990 10,865 2,973 13,838
1992 1991 11,865 1,973 13,838
1993 1992 12,957 881 13,838
$70,730 $26,135 $96,865
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #5 BOND SERIES OF 1985
DECEMBER 31, 1986
Date of Issue
Date of Maturity
Authorized Issue
Interest Rate
Principal and Interest Dates
Payable at
April 15, 1985
April 15, 2001
$48,000
9.3%
April 15 and October 15
Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Principal Interest
Total
1987 1986 $ 1,643 $ 4,356 $ 5,999
1988 1987 1,799 4,199 5,998
1989 1988 1,970 4,028 5,998
1990 1989 2,158 3,840 5,998
1991 1990 2,363 3,635 5,998
1992 1991 2,588 3,410 5,998
1993 1992 2,834 3,164 5,998
1994 1993 3,104 2,894 5,998
1995 1994 3,399 2,599 5,998
1996 1995 3,723 2,275 5,998
1997 1996 4,077 1,921 5,998
1998 1997 4,465 1,533 5,998
1999 1998 4,890 1,108 5,998
2000 1999 5,355 643 5,998
2001 2000 2,865 133 2,998
$47,233 $39,738 $86,971
* Funds to be provided by sources other than a tax levy.
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CORPORATE PURPOSE BO~) SERIES OF 1979
~ 31, 1986
Dete of Issue
Date of Mmturity
A~tborimed I~s~e
~tual Issue
Denomination of Bonds
Interest Rates
Interest I~tes
Payable at
Principal Mmt~ity
Date
October 1, 1979
Jaueary 1, 2000
$5,700,000
$5,700,000
$5,000
Bonds 1 to 400-7.5%
Bonds 401 to 455-6.75%
~or~s 456 to 645-6.5%
tbnds 646 to 790-6.6%
Bonds 791 to 955-6.7%
~onds 956 to 1140-6.0%
January 1 and July 1
Glem~ie~ State Bark
Jar~ary 1
Ended Bond Tax Levy Coupons Due on
Dec. 31 Numbers Principal Interest Total July 1 Ar~xmt Jan.
1987 251-295 $ 225,000 $ 295,188 $ 520,188 1987 $ I47,59~ 1988 $ 147,59~
1988 296-345 250,000 278,313 528,313 1988 139,157 1989 139,156
1989 346-400 275,000 259,563 534,563 1989 129,781 1990 129,782
1990 401-455 275,000 238,938 513,938 1990 119,469 1991 119,469
1991 456-515 300,000 220,375 520,375 1991 110,187 1992 110,188
1992 516-580 325,000 200,875 525,875 1992 100,437 1993 100,438
1993 581-645 325,000 179,750 504,750 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 791-870 400,000 110,775 510,775 1996 55,387 1997 55,388
1997 871-955 425,000 83,975 508,975 1997 41,987 1998 41,988
1998 956-1045 450,000 55,500 505,500 1998 27,750 1999 27,750
1999 1046-1140 475,000 28,500 503,500 1999 14,250 2000 14,250
$4,450,000 $2,245,902 $6,695,902 $1,122,948 $1,122,954
Note: ~he principal and interest will be paid by Weter~orks and Sewerage Ftmd- West.
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VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS
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LAST TEN FISCAL YEARS
DECEMBER 31, 1986
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
DECEMBER 31, 1986
Tax Levy Assessed Estimated Actual
Year Value Value
1977 $182,563,625 $ 547,690,875
1978 193,300,215 579,900,645
1979 194,119,692 582,359,076
1980 277,722,776 833,168,328
1981 315,554,627 946,663,881
1982 346,375,770 1,039,127,310
1983 341,528,355 1,025,610,675
1984 403,312,241 1,210,086,171
1985 403,260,985 1,342,859,080
1986 (1) 419,600,000 1,397,268,000
Data Source
Office of the County Clerk
(1) Estimated by the Village of Glenview Finance Department
Ratio of Total
Assessed Value to
Total Estimated
Actual Value
.333
.333
.333
.333
.333
.333
.333
.333
.333
.333
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Fiscal
Year
1978
1979
1979
1980
1981
1982
1983
1984
1985
1986
VILLAGE OF GLENVIEW, ILLINOIS
SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1986
Current
Assessments
Collected
$12,452
12,492
3,649
2,924
3,649
9,272
Total
O~t standing
Assessments
$31,986
19,494
15,845
12,921
9,272
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VILLAGE OF GLENVIEW, ILLINOIS
STATEMENT OF LEGAL DEBT MARGIN
DECEMBER 31, 1986
There is no legal debt limit for home rule m~nicipalities in Illinois.
Article VII, Section 6(k) of the 1970 Illinois Constitution governs computation of
of the Legal Debt Margin.
"The General Assembly may limit by law the amount and require refer-
endum 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.
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VILLAGE OF GLENVIEW, ILLINOIS
STATEMENT OF REVENUE BONO COVERAGE
LAST TEN FISCAL YEARS
OECEMBER 3l, 1986
WATERWORKS FUND - EAST
(l)
Direct Net ~evenue
Fiscal Operating Operating Ava ilable for
Year Revenues Expenses Debt Service
1978 $1,152,232 $1,127,360 $ 24,872
1979 1,156,814 1,043,266 113,548
1979 776,744 798,449 (21,705)
1980 1,603,601 1,357,730 245,871
1981 1,123,909 1,023,462 100,447
1982 1,272,393 1,523,555 (251,162)
1983 1,459,941 1,418,467 41,474
1984 1,710,235 1,514,460 195,775
1985 1,995,056 1,586,132 408,924
1986 1,965,257 1,421,406 543,851
Fiscal
1978
1979
1979
1980
1981
1982
1983
1984
1985
1986
(1)
Debt Service Requirements
(2)
(3)
Principal Interest Total
$ 45,000 $39,765 $ 84,765
90,000 34,370 124,370
40,000 38,722 98,722
90,000 30,093 120,093
95,000 26,590 121,590
105,000 22,735 127,735
105,000 18,565 123,565
350,000 31,854 381,854
80,000 2,450 52,450
WATERWORKS FUND - WEST
(i)
Direct Net Ravenue (3)
Operating Operating Available for Debt Service Requirements
Revenues Expenses Debt Service Principal Interest Total
$1,273,405 $ 498,598 $ 774,807 $150,000 $234,875 $384,875
961,991 597,372 364,619 150,000 225,879 375,875
1,790,601 927,772 862,829 250,000 614,812 864,812
1,795,742 947,367 848,375 325,000 612,088 937,088
1,715,495 1,135,978 579,517 350,000 576,180 926,180
1,920,972 1,036,293 884,679 350,000 552,562 902,562
2,056,573 1,028,158 1,028,415 375,000 529,578 904,578
2,207,923 1,032,363 1,175,560 400,000 504,068 904,068
2,260,133 1,154,812 1,105,321 425,000 477,055 902,055
The Village has booked Ceneral Obligation Issues on the Waterworks Fund West Balance ~eet.
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(2)
Coverage
.29
.85
2.04
.83
.33
.52
7.80
(2)
2.01
.97
.63
.98
1.30
1.23
~hege
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VILLAGE OF GLENVIEW, ILLINOIS
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
DECEMBER 31, 1986
Fiscal
Year
(1)
Education
(i) Level In (2)
Per (1) Years of School (3)
(1) Capita Median Formal Enroll- Unemp] oy-
Population Income Age Schooling ment ment
1977 31,154 $10,544 30.3 15.1 3,472 3.6%
1978 31,455 11,387 30.7 15.1 3,269 3.6%
1979 31,756 12,298 31.5 15.2 3,144 3.3%
1980 32,060 13,832 33.5 15.3 3,003 2.5%
1981 32,200 14,113 33.5 15.3 2,916 5.5%
1982 33,131 14,785 33. I 15.1 2,797 4.9%
1983 33,131 15,450 33.3 15.3 2,762 5.1%
1984 34,996 15,856 33.8 15.6 2,751 6.0%
1985 35,525 18,632 33.8 15.6 2,666 5.4%
1986 36,240 18,741 33.6 15.7 2,701 5.3%
Data Sources
(1) U.S. Department of Commerce, Bureau of the Census, 1980 date based on the
actual count; other years estimated by the Glenview Planning Department.
(2) Glenview School District #34 actual count, as of April 1986.
(3) Illinois Department of Labor, Research Division. Figures for 1975 to 1982
are actual; other years estimated from statewide averages.
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0 00 0
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VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS
DECEMBER 31, 1986
Date of Incorporation
June 20, 1899
Form of Government
Counc ~l-Manager
Geographical Location
20 Miles North of Chicago
10.9 Square Miles
Population
1950
1960
1963
1970
1975
1980
1984
1985
1986 (1)
6,142
18,132
22,364
24,880
30,552
32,060
34,996
35,525
36,240
Number of Total Housing Units (1980 Census)
Number of Total Housing Units (1985 Planning Department Estimate)
Median Value Owner occupied Noncondominium Housing Units
10,997
11,719
$111,900
Distribution of Owner - Occupied
Noncondominium Housing Units by Value
Unit Value by Range (2)
Unit Distribution
Number Percent
Less than $ 10,000
$ 10,000 to $ 14,999
$ 15,000 to $ 19,999
$ 20,000 to $ 24,999
$ 25,000 to $ 29,999
$ 30,000 to $ 34,999
$ 35,000 to $ 39,999
$ 40,000 to $ 49,999
$ 50,000 to $ 79,999
$ 80,000 to $ 99,999
$100,000 to $149,000
$150,000 to $199,999
$200,000 or more
3 .04%
7 .10
4 .06
1 .01
7 .10
9 .12
14 .19
65 .90
1,232 16.96
1,686 23.24
2,525 34.80
1,149 15.84
554 7.64
7,256 100.00%
(1) Estimated by Village of Glenview Planning Department
(2) The above information from the 1980 census.
VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS (CONT.)
DECEMBER 31, 1986
Fire Protection
Number of Firemen
Number of Stations
Number of 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
1986 Book Circulation
Recreation Facilities
Numbers of Parks and Playgrounds
Park Area in A~res - 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-
Total Number of metered water customers
at December 31, 1986
Number of unmetered water customers at December 31, 1986
Gallons of water purchased during fiscal year
Gallons of water billed during fiscal year
Water Storage Capacity
Ground Storage
Elevated Storage
Waterworks
Fund - East
6,675
7,264
None
1,156,920,000
990,377,000
39
1
1,320
Class 3
55
19
1
1
150,764
6,261
2,574
6,311
1,483
187
27,374
405,617
24
340
125
666
Ware rworks
Fund - West
1,266
5,025
None
792,120,000
765,582,000
8,500,000 Gallons
1,000,000 Gallons
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL SERVICES AND FACILITIES
DECEMBER 31, 1986
Number of Full Time Employees (on December 31, 1986)
Miles of Streets (Maintained by Glenview)
Miles of Streets (Maintained by Cook Co. & State of Illinois)
Miles of Alleys
Miles of Sewers (Sanitary Sewer)
Miles of Sewers (Storm Sewer)
Number of Village owned Street Lights
Building Activity
Number of Permits Issued in 1986
Value of Construction Authorized in 1986
202
135
86
22
85
74
2.2
66
1,091
70,241,035
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VILLAGE OF GLENVIEW, ILLINOIS
SALARIES AND SURETY BONDS
OF PRINCIPAL OFFICIALS
DECEMBER 31, 1986
Village President
Village Trustees
Village Treasurer
Village Manager
Village Clerk
Finance Director
Purchasing Agent
Assistant Finance Director
Assistant Village Manager
Assistant to the Village Manager
Police Chief
Deputy Police Chief
Police Commander
Fire Marshal
Administrative Assistant to
the Fire Marshal
Fire Captain
Director of Development
Assistant to Director of Development
Engineering Administrator
Public Works Superintendent
Oirector of Building and Zoning
Water Distribution Superintendent
Head Librarian
Public Works Director
Annual
Salary
$ 1,200
30O
71,724
900
51,750
31,428
32,328
40,600
26,016
50,000
44,244
41,064
46,300
38,088
40,008
46,800
41,064
45,624
41,568
43,872
41,568
48,500
42,800
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Amount of
Surety Bond
$250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250000
250 000
250 000
250 000
250 000
250 000
250 000
250 000
250 000