HomeMy Public PortalAbout1988 Comprehensive Annual Financial ReportI
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COMPREHENSIVE
ANNUAL
FINANCIAL REPORT
FOR THE
FISCAL YEAR ENDED
DECEMBER 31, 1988
PREPARED BY
DENNIS M. LAUER
DIRECTOR OF FINANCE
VILLAGE OF GLENVIEW
ILLINOIS
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TABLE OF CONTENTS
INTRODUCTORY SECTION
Certificate of Achievement for Excellence in Financial Reporting
Organization Chart
Principal Officials
Village Manager's Letter of Transmittal
Director of Finance's Letter of Transmittal
FINANCIAL SECTION
INDEPENDENT AUDITOR'S REPORT
GENERAL PURPOSE FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types and Account Groups
Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances - All Governmental and Fiduciary
(Expendable Trust) Fund Types
Combined Statement of Revenues, Expenditures, and Changes in
Fund Balances - Budget and Actual - All Governmental Fnnd
Types
Combined Statement of Revenues, Expenses, and Changes in
Retained Earnings/Fund Balances - All 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
COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES
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iv -v
vi-xii
1-2
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8-45
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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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47
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
GENERAL FUND (CONT.)
CORPORATE FUND (CONT.)
Supplemental Schedules
Schedule of Revenues - Budget and Actual
Schedule of Expenditures - Budget and Actual
SPECIAL REVENUE FUNDS
All Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Library Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Supplemental Schedules
Schedule of Expenditures - Budget and Actual
Federal Revenue Sharing Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Illinois Municipal Retirement Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Motor Fuel Tax Fund
Financial Statements
State~ent of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
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48-49
50-61
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
SPECIAL REVENUE FUNDS (CONT.)
Cable TV Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Supplemental Schedules
Schedule of Expenditures - Budget and Actual
DEBT SERVICE FUNDS
All Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
CAPITAL PROJECTS FUNDS
Ail Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
PROPRIETARY FUND TYPES
ENTERPRISE FUNDS
All Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings
Combining Statement of Changes in Financial Position
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
ENTERPRISE FUNDS (Cont.)
Waterworks - East Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Schedule of Fixed Assets and Depreciation
Waterworks - West Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings -Bndget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Schedule of Fixed Assets and Depreciation
Sewerage Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Schedule of Fixed Assets and Depreciation
Commuter Parking Lot Fund
Financial Statements
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual
Commuter Parking Lot Fund (Cont.)
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Schedule of Fixed Assets and Depreciation
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
INTERNAL SERVICE FUND
All Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings
Combining Statement of Changes in Financial Position
Municipal Equipment Repair Fund
Financial Statements
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual
Supplemental Schedules
Schedule of Operating Expenses - Budget and Actual
Insurance Fund
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual
FIDUCIARY FUND TYPES
TRUST AND AGENCY FUNDS
All Funds
Financial Statements Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances (Expendable Trust Funds)
Combining Statement of Revenues, Expenses, and
Changes in Fund Balances (Pension Trust Funds)
Combining Statement of Changes in Financial
Position (Pension Trust Funds)
Combining Statement of Changes in Assets and
Liabilities (Agency Funds)
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
FIDUCIARY FUND TYPES (CONT.)
TRUST AND AGENCY FUNDS (CONT.)
Pension Trust Funds
Police Pension Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual
Firemen's Pension Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual
ACCOUNT GROUPS
GENERAL FIXED ASSETS ACCOUNT GROUP
Supplemental Schedules
Schedule of General Fixed Assets - By Source
Schedule of General Fixed Assets - By Function
and Activity
Schedule of Changes in General Fixed Assets -
By Function and Activity
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Supplemental Schedules
Schedule of General Long-Term Debt
SUPPLEMENTARY DATA
Required Supplementary Information
~ Analysis of Funding Progress
Illinois Municipal Retirement
Police Pension
Firemen's Pension
Revenues by Source
Illinois Municipal Retirement
Revenues by Source and Expenses by Type
Police Pension
Firemen's Pension
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TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
SUPPLEMENTARY DATA (CONT.)
Combined Schedule of Cash and Investments
Schedule 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
Corporate Purpose Bond Series of 1977
Corporate Purpose Bond Series of 1979
Corporate Purpose Bond Series of 1987
STATISTICAL SECTION
General Governmental Revenues by Source - Last Ten Fiscal Years
General Governmental Expenditures by
Function - Last Ten Fiscal Years
Property Tax Assessed Valnations, Rates, Extensions and Collections - Last Ten Fiscal Years
Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years
Property Tax Rates - Ail Overlapping Governments - Last Ten Fiscal Years
Ratio of Net General Obligation Bonded Debt to Assessed
Value and Net General Obligation Bonded Debt Per Capita -
Last Ten Fiscal Years
Schedule of Direct and Overlapping Debt
Schedule of Legal Debt Margin
Ratio of Annual Debt Service Expenditures for
General Obligation Bonded Debt to Total General Governmental
Expenditures - Last Ten Fiscal Years
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TABLE OF CONTENTS (CONT.)
STATISTICAL SECTION (CONT.)
Schedule of Revenue Bond Coverage - Last Ten Fiscal Years
Demographic Statistics - Last Ten Fiscal Years
Construction, Building Permits and Bank Deposits - Last
Ten Fiscal Years
Principal Taxpayers
Miscellaneous Statistics
Municipal Services and Facilities
Ten Wealthiest Illinois Cormunities - 1980 Census
Salaries and Surety Bonds of Principal O~ficials
Major Corporate Revenue Sources
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Village of Glenwew,
Illinois
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1987
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public emplc~ee retirement
systems whose comprehensive annual financial
reports (CAFRs) achie~,~ the highest
standards in government accounting
and financial reporting.
LEn VI~LU
ORGANIZATIONALCHART
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VILLAGE CLERK J
4 YR. TERM
CABLE
COMMISSION
TRUSTEE
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DIRECTOR OF I POLICE
DEVELOPMENT I CHIEF
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VILLAGE PRESIDENT
4 YR. TERM
HEALTH J
OFFICER
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FIRE
CHIEF
VILLAGE
MANAGER
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DIRECTOR OF
FINANCE
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BOARD OF TRUSTEES
E MEMBERS
4 YR. TERM
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VILLAGE J NORTRAN
ATTORNEY TRUSTEE
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DIRECTOR OF
PERSONNEL
BOARDS AND COMMISSIONS APPOINTED BY THE PRESIDENT
AND BOARD OF TRUSTEES
I PLAN COMMISSION
APPEARANCE COMMISSION
I SENIOR CITIZEN COMMISSION
POLICE AND FIRE COMMISSION
POLICE PENSION BOARD
FIRE PENSION BOARD
ZONING BOARD OF APPEALS
ELECTRICAL COMMISSION
FORESTRY COMMISSION
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Scott J. Helton
Ronald V. Norene
Lowell Scott Weil
VILLAGE OF GLENVIEW, ILLINOIS
PRINCIPAL OFFICIALS
DECEMBER 31, 1988
LEGISLATIVE
VILLAGE BOARD OF TRUSTEES
James W. Smirles, President
Paul T. McCarthy, Clerk
Nancy Firfer
Charles K. Esler
Robert E. Browne
EXECUTIVE
Paul T. McCarthy, Village Manager
FINANCE DEPARTMENT
Dennis M. Lauer, Director of Finance
Mary L. Reibel, Assistant Director of Finance
March 15, 1989
I Mr. Paul T. McCarthy, Village Manager
Village of Glenview
Glenview, Illinois 60025
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Dear Mr. McCarthy:
The Comprehensive Annual Financial Report of the Village of Glenview
for the fiscal year ended December 31, 1988 is hereby submitted.
Responsibility for both the accuracy of the data and the completeness
and fairness of the presentation, including all disclosures, rests
with the Village. To the best of our knowledge and belief, the
enclosed data is accurate in all material respects and are reported in
a manner designed to present fairly the financial position and results
of operations of the various funds and account groups of the Village.
Ail disclosures necessary to enable the reader to gain an understand-
ing of the Village's financial activities have been included.
The Comprehensive Annual Financial Report is presented in three sec-
tions: Introductory, Financial, and Statistical. The Introductory
section includes the Village Manager's transmittal letter, this trans-
mittal letter, the Village's organizational chart, and a list of prin-
cipal officials. The Financial section includes the general purpose
financial statements, the combining individual fund and account group
financial statements and schedules, as well as, the independent
auditors' report on the financial statements and ~chedules. The
Statistical section includes selected financial and demographic infor-
mation, generally presented on a multi-year basis.
The Village is required to undergo an annual single audit in confor-
mity with the provisions of the Single Audit Act of 1984 and U.S. Of-
lice of Management and Budget Circular A-128, Audits of State and Lo-
cal Governments. Information related to this single audit, including
the schedule of federal financial assistance, findings and recommenda-
tions, and auditor's reports on the internal control structure and
compliance with applicable laws and regulations, are included in a
separately issued Single Audit Report.
This report includes all funds and account groups of the Village of
Glenview. The Village provides a full range of services. These serv-
ices include police and fire protection, public services, the con-
struction and maintenance of highways, streets, and infrastructure,
and cultural events. In addition to general Village activities, the
Village Board exercises, or has the ability to exercise, oversight of
the Police and Firemen's Retirement System; therefore, these ac-
tivities are included in the reporting entity.
LEBVIEUJ
I ECONOMIC CONDITION AND OUTLOOK
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The Village is continuing in a period of rapid growth. Annexations
and new construction both contribute to an expanding tax base. As a
result, the Village should be able to continue with its policy of
keeping the tax rate as near to sixty-five cents as possible. While
at the same time realize increases in the real estate tax collections.
Over the last several years the largest source of revenue to the Cor-
porate Fund has been sales tax. During that period of time,
automobile sales have accounted for just over forty percent. Two more
automobile dealerships are planned for 1989. When operational, they
will make a significant impact on the Village's sales tax revenue.
Hotel room tax is the Village's newest source of revenue. Several
years ago the Village Board imposed a five percent tax. At that time,
there were only two small moderately priced hotels in the Village and
the revenue from this source was minor. However, in 1988 the Raddison
Suite Hotel opened with two hundred fifty rooms. In mid-1989 the new
Marriott Hotel is scheduled to open and the Holiday Inn Corporation is
considering building in Glenview. Therefore, the hotel tax will very
soon become a major source of revenue to the Corporate Fund.
MAJOR INITIATIVES
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For The Year
The Village began several large projects in 1988. The paving of
Prairie Street was provided for by an appropriation of $129,000. Win-
netka Road reconstruction began with an estimated cost of $350,000 and
the planned intersection improvements at Winnetka Road and Waukegan
Road for $100,000 were started. In addition, the Village budgeted for
and made transfers to the Tree Replacement Program, Sidewalk Program,
and Crack Sealing Program.
During 1988 the Village formed Special Service Area Number Six. The
purpose of which is to finance a Street Lighting Project on Wildberry
Drive. The bond issue that was sold for this project was for $82,000
to be retired over ten years.
For The Future
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In mid-1989 the Village plans to issue $8,000,000 in General Obliga-
tion Bonds. The proceeds from the sale are going to finance various
projects. (Note: In addition to financing Capital Projects, a portion
of the bond proceeds will be used for costs associated with the bond
issue}. Following is a list of projects to be financed by the 1989
bond issue.
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Pavement Program
Glenview Road Engineering
$3,000,000
300,000
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Pump Monitoring Systems
Pavement Expenses - Glenview Road
Stormwater Management Program
Lake/Waukegan Financing
Land Acquisition
Ruber Park-
Waukegan Road Watermain
Lehigh Road Watermain
360,000
200,000
275,000
760,000
1,500,000
300,000
160,000
1,000,000
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DEPARTMENT FOCUS
The Finance Department has several large projects planned for 1989 and
1990. In early 1989, all of the operating departments will have in-
stalled personal computers. Each of these computers will be equipped
with word processing software and letter quality printers. Once in
place, word processing files on the Village's main frame computer can
be transferred to the various personal computers in the operating
departments. The reason for the data transfer is to make additional
memory available on the main frame, and thereby, postpone its eventual
replacement.
Glenview's investment policy was written and adopted in 1982. Subse-
quent to that date the policy has undergone one revision. In 1989 the
management staff of the Finance Department will review the investment
policy and propose revisions as necessary.
FINANCIAL INFORMATION
Management of the Village is responsible for establishing and main-
taining an internal control structure designed to ensure that the as-
sets of the Village are protected from loss, theft or misuse, and to
ensure that adequate accounting data are compiled to allow for the
preparation of financial statements in conformity with generally ac-
cepted accounting principles. The internal control structure is
designed to provide reasonable, but not absolute assurance that these
objectives are met. The concept of reasonable assurance recognizes
that: (1) the cost of a control should not exceed the benefits likely
to be derived; and (2) the valuation of costs and benefits requires
estimates and judgments by management.
BUDGETING CONTROLS
In addition, the Village of Glenview maintains budgetary controls.
The objective of these budgetary controls is to ensure compliance with
legal provisions embodied in the annual appropriated budget approved
by the Village's governing body. Activities of the (Corporate Fund,
Special Revenue funds, Enterprise Fund, and Pension Trust funds are
included in the annual appropriated budget). Project-length financial
plans are adopted for the Capital Projects funds. The level of
budgetary control (that is, the level at which expenditures cannot
legally exceed the appropriated amount) is established at the fund
level. The Village also maintains an encumbrance accounting system as
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one technique of accomplishing budgetary control. Encumbered amounts
lapse at year end, However, encumbrances generally are reappropriated
as part of the following year's budget.
As demonstrated by the statements and schedules included in the finan-
cial section of this report, the Village continues to meet its respon-
sibility for sound financial management.
GENERAL GOVERNMENT FUNCTIONS
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The following schedule presents a summary of Corporate Fund, Special
Revenue funds, and Debt Service funds revenues for the fiscal year
ended December 31, 1988, and the amount and percentage of increases
and decreases in relation to prior year revenues.
Increase Percent
Percent (Decrease) of Increase
Revenues Amount of Total from 1987 (Decrease)
Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeits
Miscellaneous
$10,420,973 73.7 $<184,774> <1.7>%
1,007,561 7.1 <223,763> <18.2>
584,670 4.1 < 59,172> < 9.2>
777,459 5.5 3,950 .5
210,143 1.5. <56,239> <21.1>
1,147,859 8.1 103,228 9.9
Total $14,148,665 100% $<416,770>
The most significant decrease in revenues in licenses and permits was
due to a drop in building permits.
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The following schedule presents a summary of Corporate Fund, Special
Revenue funds, and Debt Service funds expenditures for the fiscal year
ended December 31, 1988, and the percentage of increases and decreases
in relation to prior year amounts.
Expenditures
Percent
Amount of Total
(Decrease)
from 1987
of Increase
{Decrease)
Current
General Government
Public Safety
Highways and Streets
Pension
Culture and Recreation
Debt Service
Principal Retirement
Interest & Fiscal Charges
$2,565,504 18.8% $ <3,230> <.4>%
5,625,300 41.3 612,261 74.1
2,342,410 17.2 148,605 18.0
1,113,291 8.2 76,657 9.2
1,201,064 8.8 <77,731> <9.3>
475,000 3.5
287,705 2.2 69,638 8.4
Total $13,610,274 100% $826,200
The most significant increase in expenditures in public safety was due
to increases in both the Police Department and Fire Department.
Salaries accounted for a large part of this increase.
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CORPORATE FUND BALANCE
The fund balance of the Corporate Fund decreased by 14 percent in
1988. The $532,040 decrease provides the Village with a fund balance
that is the equivalent of 85 working days of expenditures. Village
policy is to maintain approximately 90 days of working capital in
reserve. Included in the $532,040 decrease in the fund balance is a
$411,892 equity transfer to the Capital Equipment Replacement Fund.
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ENTERPRISE OPERATIONS
The Village's enterprise operations are comprised of four separate and
distinct activities: Water Fund East serving the incorporated areas of
Glenview, Water Fund West mainly serving the unincorporated areas, the
Sewerage Fund, and the Commuter Parking Fund. The combined increase
in retained earnings for all enterprise funds was $1,504,565., 20%
above the balance in 1987.
PENSION TRUST FUND OP~R%TIONS
The operations of the Police and Fireman's Pension Funds remained
relatively stable in 1988. The PERS' revenue decrease of 25 percent
was attributable primarily to a change in the pension portfolio to
mainly government strip securities. The 24 percent increase in ex-
penses was the result of new pensions and refunds. The annual ac-
tuarial valuation continues to reflect a positive trend in the
Village's and employees' funding of the PERS.
DEBT ADMINISTRATION
At December 31, 1988, the Village had a number of debt issues out-
standing. These issues are all general obligation bonds. The Vil-
lage has maintained a AA1 from Moody's Investors Service on general
obligation bond issues. Under current state statutes, the Village's
general obligation bonded debt issuances are not subject to a legal
limitation based on the Village's Home Rule powers.
CASH MANAGEMENT
Cash temporarily idle during the year was invested in demand deposits,
certificates of deposit, and obligations of the U.S. Treasury. The
Pension Trust Fund's investment portfolio includes mainly zero coupon
bonds. The average yield on investments, except for the Pension Trust
Fund, was 8.7 percent. The Pension Trust Fund achieved a yield rate
of 9.1 percent for this same period. This higher rate of return on
pension fund investments is attributable to the long-term nature of
most holdings in its portfolio.
The Village's investment policy is to minimize credit and market risks
while maintaining a competitive yield on its portfolio. Accordingly,
deposits were either insured by federal depository insurance or col-
lateralized. All collateral on deposits was held by a financial in-
stitution acting as a third party trust agent. All investments held
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by the Village during the year, and at December 31, 1988, are clas-
sified in the category of lowest credit risk, as defined by the
Governmental Accounting Standards Board.
RISK MANAGEMENT
The Village of Glenview is involved in two self-insurance pools. The
first pool, Intergovernmental Personnel Benefit Cooperative (IPBC), is
an organization of twenty-four communities. This organization
provides health coverage and life insurance for a portion of Village
employees. Participation in the IPBC is optional; employees may also
choose to participate in either of two HMO plans. The Village has
been a member of this pool since its formation in 1980.
Glenview is also a member of the High-Level Excess Liability Pool
IHELP). This pool is made up of fourteen villages. The purpose of
the pool is to provide excess liability protection for its members.
Presently the pool provides five million dollars of insurance. The
lower limit required insurance is one million. Membership in HELP is
a ten year commitment. Beginning May 1, 1989 the pool will begin its
third year of operation.
INDEPENDENT AUDIT
State statutes require an annual audit by independent certified public
accountants. The accounting firm of Karrison, Byrne, Jansey and
Trimarco, Ltd. CPA's was selected by the Village Board. In addition
to meeting the requirements set forth in state statutes, the audit
also was designed to meet the requirements of the federal Single Audit
Act of 1984 and related OMB Circular A-lZS. The independent auditor's
report on the general purpose financial statements and the combining
individual fund statements and schedules is included in the financial
section of this report. The independent auditor's reports related
specifically to the single audit are included in the separately issued
Single Audit Report.
AWARDS
The Government Finance Officers Association (GFOA) awarded a Certifi-
cate of Achievement for Excellence in Financial Reporting to the Vil-
lage of Glenview for its Comprehensive Annual Financial Report for the
fiscal year ended December 31, 1987. This was the sixth consecutive
year that the Village has received this prestigious award. In order
to be awarded a Certificate of Achievement, the Village published an
easily readable and efficiently organized Comprehensive Annual Finan-
cial Report. This report satisfied both generally accepted accounting
principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only.
We believe that our current Comprehensive Annual Financial Report con-
tinues to meet the Certificate of Achievement Program's requirements,
and we are submitting it to the GFOA to determine its eligibility for
another certificate.
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ACKNOW~EDGMENTS
The preparation of the Comprehensive Annual Financial Report on a
timely basis was made possible by the dedicated service of the entire
staff of the Finance Department. Each member of the department has my
sincere appreciation for the contributions made in the preparation of
this report.
In closing, without the leadership and support of the President and
Board of Trustees, preparation of this report would not have been pos-
sible.
Re--fully submitt~d,
I Dennis M. L
Director of Finance
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TELEPHONE
724-1700
FAX 724-0916
LEnVIEIJJ
1225 WA~GAN ROAD
GLF. NVIEW, ILUNOIS 6002~.3071
April 15, 1989
Honorable President and
Members of the Board of Trustees
Village of Glenview
Gentlemen:
In accordance with state statutes and local regulation, I hereby
transmit the comprehensive annual financial report of' the Village
of Glenview as of December 31, 1988 and for the fiscal year then
ended. Responsibility for both the accuracy of the presented
data and the completeness and fairness of the presentation, in-
cluding all disclosures, rest with the Village. Management
believes that the data, as presented, is accurate in all material
aspects; that it is presented in a manner designed to fairly set
forth the financial position and results of operations of the
Village as measured by the financial activity of the various
funds. Disclosures necessary to enable the reader to gain maxi-
mum understanding of the Village's financial affairs have also
been included.
In developing and evaluating the Village's accounting system,
consideration is given to the adequacy of internal accounting
controls. Internal accounting controls are discussed by the
Director of Finance in his accompanying letter of transmittal,
and within that framework, I believe that the Village's internal
accounting controls adequately safeguard assets and provide
reasonable assurance of proper recording of financial transac-
tions.
This report has been prepared following the guidelines recom-
mended by the Government Finance Officers Association of the
United States and Canada. The Government Finance Officers As-
sociatlon awards Certificates of Achievement to those governments
whose comprehensive annual financial reports are judged to con-
form substantially with high standards of public reporting in-
cluding generally accepted accounting principles promulgated by
the 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 Associa-
tion for review. The Village of Glenview has held a certificate
for the last six consecutive fiscal years.
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In accordance with the above mentioned guidelines, the accompany-
ing report consists of three parts:
1. Introductory section, a letter of transmittal from the Direc-
tor of Finance.
2. Financial section,
supplemental data of the
ent auditor's opinion.
including the financial statements and
government accompanied by our independ-
3. Statistical section, including a number of tables of un-
audited data depicting the financial history of the Village for
the past ten years, information on overlapping governments~ and
demographic and other miscellaneous information.
State law required that the financial statements of the Village
of Glenview be audited by a certified public accountant selected
by the Board. This requirement has been complied with, and our
auditor's opinion is included in the financial section of this
report. Of concern to the Village of Glenview, as well as all
sectors of the economy, is the impact of inflation on our budget.
Presently our revenues are strong in all areas with the possible
exception of the water funds. A water rate study will be under-
taken in early 1989 to determine what action, if any, is neces-
sary to strengthen the financial conditions of the water funds.
Revenue projections must be monitored constantly to provide the
Board advance notice in the event the revenue patterns change.
The Director of Finance is entrusted with the responsibility of
evaluation and reporting on the financial condition of the Vil-
lage.
The preparation of this annual financial report could not have
been accomplished without the dedicated effort of Dennis Lauer
and his entire staff. Their efforts over the past years main-
taining the accounting and financial reporting systems of the
Village of Glenview have continued to improve the quality of the
information being reported to the Board of Trustees, state over-
sight boards, and the citizens of Glenview.
Respectfully submittey
Village Manager~
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Janscy & mmarco, Ltd
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITOR'S REPORT
The Honorable James W. Smirles, Village President
Members of the Board of Trustees
Village of Glenview, Illinois
We have audited the accompanying general purpose financial statements of the
Village of Glenview, Illinois, and the combining, individual fund, and account
group financial statements of the Village of Glenview, Illinois, as of and for
the year ended December 31, 1988, as listed in the table of contents. These
financial statements are the responsibility of the Village of Glenview,
Illinois' management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing stan-
dards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above
present fairly, in all material respects, the financial position of the
Village of Glenview, Illinois, at December 31, 1988, and the results of its
operations and the changes in financial position of its proprietary and similar
trust fund types for the year then ended, in conformity with generally accepted
accounting principles. Also, in our opinion, the combining, individual fund,
and account group financial statements referred to above present fairly, in all
material respects, the financial position of each of the individual funds and
account groups of the Village of Glenview, Illinois, at December 31, 1988, and
the results of operations of such funds and the changes in financial position of
individual proprietary and similar trust funds for the year then ended, in
conformity with generally accepted accounting principles.
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Our audit was made for the pnrpose of forming an opinion on the general purpose
financial statements taken as a whole and on the combining, individual fund,
and account group financial statements. The accompanying financial information
listed as supplemental and schedules in the table of contents is presented for
purposes of additional analysis and is not a required part of the financial
statements of the Village of Glenview, Illinois. The information has been
subjected to the auditing procedures applied in the audit of the general
purpose, combining, individual fund, and account gronp financial statements
and, in our opinion, is fairly stated in all material respects in relation to
the financial statements of each of the respective individual funds and account
gronps, 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,
Jansey & Trimarco, Ltd.
February 24, 1989
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VILLAGE OF GLENVIEW, ILLINOIS
ALL FUND TYPES AND ACCOUNT GROUPS
COMBINED BALANCE SHEET
DECEMBER 31, 1988
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
ALL PROPRIETARY A~D FIDUCIARY (PENSION TRUST) FUND TYPES
COMBINED STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS/FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31. 1988
Operating Revenues
Taxes
Charges for Services
Contributions
Miscellaneous
Total Operating Revenues
Operating Expenses
Admlnis~ration
Operations
Depreciation
Pensions and Refunds
Miscellaneous
Total Operating Expenses
Operating Incc~me
Nonoperating Revenues (Expenses)
Interest Income
Interest Expemse and Fiscal Charges
Gain on Sale of Property
Income before Operating Transfers
Operating Transfers In
Operating Transfers (Out)
Net Income
Retained Earnings/Fund Balances
January I
Prior Period Adjustments
Adjusted Balances
Residual Equity Transfer In
Residual Equity Transfer (Out)
Decembec 3i
Fiduciary
Proprietary Fund Types Fond Types Totals
Internal Pensio. (Memorandmm Only)
Enterprise Servlce Trust 1988 1987
$ 760,079 $ 760,079 $ 764,634
$5,755,005 $408,486 6,163.491 5,560,126
308,676 308,676 285,350
175,865 139,375 1,184,426 1,499,666 2.097,455
5,930,870 547,861 2,253,181 8,731,912 8,707,565
735,744 735,744 615,737
2,783,887 397,113 3,181,000 2,940.750
351,895 351,895 344,840
424,252 424,252 400,224
134,341 134,341 49,367
3,871,526 397,113 558,593 4,827,232 4,350,918
2,059,344 150,748 1,694,588 3,904,680 4,356,647
26.875 4,166 31,041 41,614
(439,039) (439,039) (459,892)
110.665
(412,164) 4,166 - (407,998) (307,613)
1,647,180 154,914 1,694,588 3,496,682 4,049,034
161,372 i61,372 128,445
(425.259) (425,259) (431,982)
(263,887) - (263,887) (303,537)
1~383,293 154.914 1,694,588 3,232,795 3,745,497
7,652.387 83.245 15,337,991 23,073,623 19,417,979
148.533 (322,612) (174,079) (89,850)
7,800,920 83,245 15,015,379 22,899,544 19,328,129
2,361 2,361
(29,619) (29,619)
7.773,662 83,245 15,015,379 22,872.286 19,328,129
$9,156,955 $238,159 $16,709,967 $26,105,081 $23,073,626
See accompanying Notes to the Financial Statements.
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VILI~GE OF GLENVIEW, ILLINOIS
ALL PROPRIETARY A~) FIDUCIARY (PENSION TRUST) FU~D TYPES
CCM~IB~D ~ OF CHANGES IN FII~IM~C~ POSITION
FOR 11~ YEAR ENDt~ DEC~ER 31, 1988
Cash Was Provided By
Cperations
Net Incc~ne
Add Back Non-Cash Expense
Depreciation
Cain on Sale of Fixed Assets
Decrease in C~rrent Assets
Increase in O~rrent Liabilities
Preceeds from Sale of
C~neral Obligation R>nds
Prior Period Adjustment
Rasidual Equity Transfer In
Caab Was Used To
F~nd Operations
Net Loss
Depreciation
Increase Oarrent Assets
Increase Fixed Assets
Decrease Oarreot Liabilities
Netire ~ond Principal
Ftmd Prior Period Adjustments
F~ed Rasidual Equity Transfer O~t
Net Increase
Cash and Inveshnents
January 1
lac~mber 31
Fidseiary
Proprietary Fusd Ty~es Fund Types
Internal Pension
Enterprise Service Trust
Totals
MmnorandomObly)
1988 1987
$1,431,775 $154,914 $ 1,694,588 $ 3,281,277 $ 3,759,209
351,538 351,538 3~4,839
110,665
1,783,313 154,914 1,694,588 3,632,815 4,214,713
475,552 2,739 328,082 806,373 80,076
4,012 20,637 10,313 34,962 2,093
i48,533 148,533
2,361 2,361
2,413,771 178,290 2,032,983 4,625,044 4,596,882
48,482
357
48,125
171,728
998,602
456,031
529,760
322,612
29,619
2,233,865 322,612
48,482 13,712
357
48,125 13,712
171,728 849,256
998,602 177,800
456,031 172,497
529,760 476,200
322,612 89,850
29,619
2,556,477 1,779,315
179,906 178,290 1,710,371 2,068,567 2,817,567
686,982 78,530 14,286,358 15,051,870 12,234,303
$ 866,888 $256,820 $15,996,729 $17,120,437 $15,051,870
See acccmpanying Notes to the Financial Statoments.
8
VILLAGE OF GLENVIEW,.ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
Summary of Significant Accounting Policies
The financial statements of the Village of Glenview, Illinois (goverrm~ent),
have been prepared in conformity with generally accepted accounting principles
(GAAP) as applied to government units. The Governmental Accounting Standards
Board (GASB) is the accepted standard-setting body for establishing govern-
mental accounting and financial reporting principles. The more significant of
the government's accounting policies are described below.
Ao
Reporting Entity
In evaluating how to define the government, for financial reporting
purposes, management has considered all potential component units. The
decision to include a potential component unit in the reporting entity was
made by applying the criteria set forth in GAAP. The basic -- but not the
only -- criterion for including a potential component unit within the
reporting entity is the governing body's ability to exercise oversight
responsibility. The most significant manifestation of this ability is
financial interdependency. Other manifestations of the ability to exercise
oversight responsibility include, but are not limited to, the selection of
governing authority, the designation of management, the ability to
significantly influence operations, and accountability for fiscal matters.
A second criterion used in evaluating potential component units is the
scope of pnblic service. Application of this criterion involves
considering whether the activity benefits the government and/or its
citizens, or whether the activity is conducted within the geographic
boundaries of the government and is generally available to its citizens. A
third criterion used to evaluate potential component units for inclusion or
exlusion from the reporting entity is the existence of special financing
relationships, regardless of whether the government is able to exercise
oversight responsibilities. Based upon the application of these criteria,
the following is a brief review of each potential component unit addressed
in defining the government's reporting entity.
Included within the Reporting Entity:
Police Pension Employees Retirement System
The government's police employees participate in the Police Pension
Employees Retirement System (PPERS). PPERS functions for the benefit of
these employees and is governed by a five-member pension board. Two
members appointed by the government's Mayor/President, one elected pension
beneficiary, and two elected police employees constitute the pension board.
The government and PPERS participants are obligated to fund all PPERS costs
based upon actuarial valuations. The state of Illinois is authorized to
establish benefit levels and the government is authorized to approve the
actuarial assumptions used in the determination of contribution levels.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
1. Summary of Significant Accounting Policies (Cont.)
Included within the Reporting Entity (Cont.):
A. Reporting Entity (Cont.)
Firemen's Pension Employees Retirement System
The government's firemen participate in the Firemen's Pension Employees
Retirement System (FPERS). FPERS functions for the benefit of these
employees and is governed by a nine-member pension board. The government's
Mayor/President, Treasurer, Clerk, Attorney, and Fire Chief, one elected
pension beneficiary, and three elected fire employees constitute the
pension board. The government and FPERS participants are obligated to fund
all FPERS costs based upon actuarial valuations. The state of Illinois is
authorized to establish benefit levels and the government is authorized to
approve the actuarial assumptions used in the determination of contribution
levels.
Excluded from the Reporting Entity:
Glenview Park District
Glenbrook Fire Protection District
These potential component units have separate elected boards and provide
services to residents, generally within the geographic boundaries of the
government. These potential component units are excluded from the
reporting entity because the government does not have the ability to
exercise influence over their daily operations, approve budgets or provide
funding.
Intergovernmental Personal Benefit Cooperative (IPBC)
IPBC is a cooperative established to administer personnel benefit programs
for local governments. Management consists of a Board of Directors
comprised of one representative from each member. The government does not
exercise any control over the activities of the Cooperative beyond its
representation on the Board of Directors. IPBC is reported as a
governmental joint venture.
High-Level Excess Liability Pool (HELP)
HELP is a proprietary venture established for the purpose of seeking the
prevention or lessening of liability claims made against its member
municipalities. Management consists of a Board of Directors comprised of
one representative from each member. The government does not exercise any
control over the activities of the Pool beyond its representation on the
Board of Directors. HELP is reported as a proprietary joint venture.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
1. Summ~ary of Significant Accounting Policies (Cont.)
A. Reporting Entity (Cont.)
Solid Waste Agency of Northern Cook County (SWANCC)
SWANCC is a municipal corporation empowered to plan, finance, construct and
operate a solid waste disposal system to serve its member municipalities.
Management consists of a Board of Directors comprised of one appointed
representative from each member. The government does not exercise any
control over the activities of the Agency beyond its representation on the
Board of Directors. SWANCC is reported as a proprietary joint venture.
B. Fund Accounting
The government uses funds and account groups to report on its financial
position and the results of its operations. Fund accounting is designed to
demonstrate legal compliance and to aid financial management by segregating
transactions related to certain government functions or activities.
A fund is a separate accounting entity with a self-balancing set of
accounts. An account group, on the other hand, is a financial reporting
device designed to provide accountability for certain assets and
liabilities that are not recorded in the funds because they do not directly
affect net expendable available financial resources.
Funds are classified into three categories: governmental, proprietary, and
fiduciary. Each category, in turn, is divided into separate "fund types".
Governmental funds are used to account for all or most of a government's
general activities, including the collection and disbursement of earmarked
monies (special revenue funds), the acquisition or construction of general
fixed assets (capital projects funds), and the servicing of general
long-term debt (debt service funds). The general fund is used to account
for all activities of the general government not accounted for in some
other fund.
Proprietary funds are used to account for activities similar to those found
in the private sector, where the determination of net income is necessary
or useful to sound financial administration. Goods or services from such
activities can be provided either to outside parties (enterprise funds) or
to other departments or agencies primarily within the government (internal
service funds).
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEM~BER 31, 1988
1. Summary of Significant Accounting Policies (Cont.)
B. Fund Accounting (Cont.)
Fiduciary funds are used to account for assets held on behalf of outside
parties, including other governments, or on behalf of other funds within
the government. When these assets are held under the terms of a formal
trust agreement, either a pension trust fund, a nonexpendable trust fund,
or an expendable trust fund is used. The terms "nonexpendable" and
"expendable" refer to whether or not the government is under an obligation
to maintain the trust principal. Agency funds generally are used to
account for assets that the government holds on behalf of others as their
agent.
C. Basis of Accounting
The accounting and financial reporting treatment applied to a fund is
determined by its measurement focus. All governmental funds and expendable
trust funds are accounted for using a current financial resources
measurement focus. With this measurement focus, only current assets and
current liabilities generally are included on the balance sheet. Operating
statements of these funds present increases (i.e., revenues and other
financing sources) and decreases (i.e., expenditures and other financing
uses) in net current assets.
Ail proprietary funds, nonexpendable trust funds, and pension trust funds
are accounted for on a flow of economic resources measurement focus. With
this measurement focus, all assets and all liabilities associated with the
operation of these funds are included on the balance sheet. Fund equity
(i.e., net total assets) is segregated into contributed capital and
retained earnings components. Proprietary fund-type operating statements
present increases (e.g., revenues) and decreases (e.g., expenses) in net
total assets.
The modified accrual basis of accounting is used by all governmental fund
types, expendable trust funds, and agency funds. Under the modified
accrual basis of accounting, revenues are recognized when susceptible to
accrual (i.e., when they become both measurable and available).
"Measurable" means the amount of the transaction can be determined and
"available" means collectible within the current period. The government
recognizes property taxes when they become both measurable and available in
accordance with GASB Codification Section P70. A one-year availability
period is used for revenue recognition for all other governmental fund
revenues. Expenditures are recorded when the related fund liability is
incurred. Principal and interest on general long-term debt are recorded as
fund liabilities when due or when amounts have been accumulated in the debt
service fund for payments to be made early in the following year.
12
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
1. Sun, nary of Significant Accounting Policies (Cont.)
C. Basis of Accounting (Cont.)
Those revenues susceptible to accrual are property taxes, franchise taxes,
licenses, interest revenue, and charges for services. Sales taxes
collected and held by the state at year end on behalf of the government
also are recognized as revenue. Fines and permits revenues are not
susceptible to accrual because generally they are not measurable until
received in cash.
The accrual basis of accounting is utilized by proprietary fund types,
pension trust funds, and nonexpendable trust funds. Under this method,
revenues are recorded when earned and expenses are recorded at the time
liabilities are incurred.
The government reports deferred revenue on its combined balance sheet.
Deferred revenues arise when a potential revenue does not meet both the
"measurable" and "available" criteria for recognition in the current
period. Deferred revenues also arise when resources are received by the
government before it has a legal claim to them, as when grant monies are
received prior to the incurrence of qualifying expenditures. In subsequent
periods, when both revenue recognition criteria are met, or when the
government has a legal claim to the resources, the liability for deferred
revenue is removed from the combined balance sheet and revenue is
recognized.
D. Budgets
Budgets are adopted on a basis consistent with generally accepted
accounting principles. Annual appropriated budgets are adopted for the
general, special revenue and debt service funds on the modified Accrual
Basis, enterprise, internal service, Municipal Equipment Repair Fund, and
pension trust funds on the accural basis. All annual appropriations lapse
at fiscal year end.
Encumbrances represent commitments related to unperformed contracts for
goods or services. Encumbrance accounting -- under which purchase orders,
contracts and other commitments for the expenditure of resources are
recorded to reserve that portion of the applicable appropriation -- is
utilized in the governmental funds. Material encumbrances outstanding at
year end, if any, are reported as reservations of fund balances and do not
constitute expenditures or liabilities because the commitments will be
honored during the subsequent year.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
1. Summary of Significant Accoonting Policies (Cont.)
E. Investments
Investments are stated at cost or amortized cost, except for investments in
the deferred compensation agency fund which are reported at market value.
F. Short-term Interfund Receivables/Payables
During the course of operations, numerous transactions occur between
individual funds for goods provided or services rendered. These
receivables and payables are classified as "due from other funds" or "due
to other funds" on the balance sheet. Short-term interfund loans, if any,
are classified as "interfund receivables/payables".
G. Advances to Other Funds
Noncurrent portions of long-term interfund loan receivables are reported as
advances and are offset equally by a fund balance reserve account which
indicates that they do not constitute expendable available financial
resources and therefore are not available for appropriation.
H. Inventories
Inventories are valued at cost, which approximates market, using the
first-in/first-out (FIFO) method.
I. Prepaid Items/Expenses
Payments made to vendors for services that will benefit periods beyond the
date of this report are recorded as prepaid items/expenses.
J. Fixed Assets
General fixed assets are not capitalized in the funds used to acquire or
construct them. Instead, capital acquisition and construction are
reflected as expenditures in governmental funds, and the related assets are
reported in the general fixed assets account group. All purchased fixed
assets are valued at cost where historical records are available and at an
estimated historical cost where no historical records exist. Donated fixed
assets are valued at their estimated fair market value on the date
received.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
1. Summary of Significant Accounting Policies (Cont.)
J. Fixed Assets (Cont.)
The costs of normal maintenance and repairs that do not add to the value of
the asset or materially extend asset lives are not capitalized.
Improvements are capitalized and depreciated over the remaining useful
lives of the related fixed assets, as applicable.
Public domain ("infrastructure") general fixed assets consisting of roads,
bridges, curbs and gutters, streets and sidewalks, drainage systems and
lighting systems are not capitalized, as these assets are immovable and of
value only to the government.
Assets in the general fixed assets account group are not depreciated.
Depreciation of fixed assets in the proprietary fund types is computed
using the straight-line method.
Interest is capitalized on proprietary fund assets acquired with tax-exempt
debt. The amount of interest to be capitalized is calculated by offsetting
interest expense incurred from the date of the borrowing until completion
of the project with interest earned on invested proceeds over the same
period.
K. Compensated Absences
Vested or accumulated vacation leave that is expected to be liquidated with
expendable available financial resources is reported as an expenditure and
a fund liability of the governmental fund that will pay it. Amounts of
vested or accumulated vacation leave that are not expected to be liquidated
with expendable available finacial resources are reported in the general
long-term debt account group. No expenditure is reported for these
amounts. Vested or accumulated vacation leave of proprietary funds is
recorded as an expense and liability of those funds as the benefits accrue
to employees.
L. Long-Term Obligations
Long-term debt is recognized as a liability of a governmental fund when
due, or ~nen resources have been accumnlated in the debt service fund for
payment early in the following year. For other long-term obligations, only
that portion expected to be financed from expendable available financial
resources is reported as a fund liability of a governmental fund. The
remaining portion of such obligations is reported in the general long-term
debt account group. Long-term liabilities expected to be financed from
proprietary fund operations are accounted for in those funds.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
15
1. Summary of Significant Accounting Policies (Cont.)
M. Fund Equity
Contributed capital is recorded in proprietary funds that have received
capital grants or contributions from developers, customers, or other funds.
Reserves represent those portions of fund equity not appropriable for
expenditure or legally segregated for a specific future use. Designated
fund balances represent tentative plans for future use of financial
resources.
Fund Balance Unreserved - Undesignated - Debt Service Fund
Municipal Building Bond Series of 1979 represents available resources for
interest expenses. Library Bond Series of 1985 represents excess resources
due to the fact that all debt has been paid.
N. Bond Discounts/Issuance Costs
In governmental fund types, bond discounts and issuance costs are
recognized in the current period. Bond discounts and issuance costs for
proprietary fund types are deferred and amortized over the term of the
bonds using the bonds-outstanding method, which approximates the effective
interest method. Bond discounts are presented as a reduction of the face
amount of bonds payable whereas issuance costs are recorded as deferred
charges.
O. Interfund Transactions
Quasi-external transactions are accounted for as revenues, expenditures, or
expenses. Transactions that constitute reimbursements to a fund for
expenditures/expenses initially made from it that are properly applicable
to another fund, are recorded as expenditures/expenses in the reimbursing
fund and as reductions of expenditures/expenses in the fund that is
reimbursed.
All other interfund transactions, except quasi-external transactions and
reimbursements, are reported as transfers. Nonrecurring or nonroutine
permanent transfers of equity are reported as residual equity transfers.
All other interfund transfers are reported as operating transfers.
P. Memorandum Only - Total Columns
Total columns on the general purpose financial statements are captioned
"memorandum only" to indicate that they are presented only to facilitate
financial analysis. Data in these columns do not present financial
position, results of operations, or changes in financial position in
conformity with generally accepted accounting principles. Neither are such
data comparable to a consolidation. Interfund eliminations have not been
made in the aggregation of this data.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
1. Summary of Significant Accounting Policies (Cont.)
Q. Comparative Data
Comparative total data for the prior year have been presented in the
accompanying financial statements in order to provide an understanding of
changes in the government's financial position and operations. However,
comparative data have not been presented in all statements because their
inclusion would make certain statements unduly complex and difficult to
understand.
Restatement - Debt Service Funds
The Village has restated beginning fund balances due to implementation of
GASB Statement 6 - "Accounting and Financial Reporting for Special
Assessments". Since the special service area bonds outstanding are "no
committment debt" the Village acts solely as an agent collecting property
taxes and forwarding the collections to bondholders. Agency reporting has
been used for GAAP purposes.
As Reported
Dec. 31, 1987
Changes
Due To As Restated
Restatement Dec. 31, 1987
Cash and Investments
Receivables
Due from Other Funds
Deferred Revenues
Interest Payable
Due to Other Funds
Fund Balance
$654,945 $ (1,204) $653,741
816,542 (34,669) 781,873
22,569 22,569
816,542 (34,669) 781,873
629 (629)
145,157 145,157
531,728 (575) 531,153
2. Legal Compliance and Accountability
A. Budgets
Ail departments of the government submit requests for appropriation to the
government's manager/administrator so that a budget may be prepared. The
budget is prepared by fund, function, and activity, and includes
information on the past year, current year estimates, and requested
appropriations for the next fiscal year.
The proposed budget is presented to the governing body for review. The
goveraing body holds public hearings and may add to, subtract from, or
change appropriations, but many not change the form of the budget.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
2. Legal Compliance and Accountability (Cont.)
A. Budgets (Cont.)
The manager/administrator is authorized to transfer budgeted amounts
between departments within any fund; however, any revisions that alter the
total expenditures of any fund must be approved by the governing body.
Expenditures may not legally exceed budgeted appropriations at the fund
level. During the year, no supplementary appropriations were necessary.
Deficit Fund Balances/Retained Earnings of Individual Funds
No fund had a deficit in fund balance/retained earnings as of the date of
this report.
C. Excess of Actual Expenditures/Expenses over Budget in Individual Funds
The following funds had an excess of actual expenditures/expenses
(exclusive of depreciation and amortization) over budget for the fiscal
year:
Fund Excess
Corporate Fund
Illinois Municipal Retirement Fund
Motor Fuel Tax Fund
Waterworks - East
Waterworks - West
Sewerage
Police Pension
Firemen's Pension
$ (97 728)
(163 003)
(9 785)
(164 646)
(35 177)
(20 840)
(115 735)
(19 343)
3. Deposits and Investments
The government maintains a cash and investment pool that is available for use
by all funds, except the pension trust funds. Each fund type's portion of this
pool is displayed on the combined balance sheet as "cash and investments". In
addition, investments are separately held by several of the government's
funds. The deposits and investments of the pension trust funds are held
separately from those of other funds.
VILLAf~ OF GLENVIEW, ILLINOIS
NOTES %0 THE FINANCIAL ~
DEC~fl~R 31, 1988
3. Deposits a~ Investments
The goverrment edopted a cash control m~ investment policy in February of 1983. This policy
specifies what financial instr~ents a~ institutions tho goverrment will use for investment of
idle funds. ?he policy is consistent with current state law. A~ of tho date of this report all of
tho goverrment's investments ~re in accordance with this policy.
Permittod Deposits and Investments - Statutes authorize tho governnent to make deposits/invest in
commrclal banks, savings and loan institutions, obligations of tho U. S. Treasury and U. S.
Agencies, obligations of States ard their political subdivisions, credit union shares, repurchase
agre~ents, ccu~nercial paper rated within tho three highest classifications by at least two
standard rating services, and tho Illinois Public Treasurer's Investment Pool. Pension funds may
also invest in certain non-U.S, obligations, mortgages, veteran's loans, and life insurance ccmpar~7
contracts.
A. Deposits
At year-end th~ carrying anount of tho goverrmeet's deposits totaled $13,621,445, and tho bank
balances totaled $15,612,509.
Bank
Balances
Category 1
Deposits covered by federal depository
inst~ance, or by collateral hold by
tho goverrment, or its agent, in the
gnverrment ' s name.
$15,612,509
Category 2
Deposits covered by collateral hold by
the pledging financial institution's
trust department, or by its agent, in
tho government' s nane.
Category 3
Deposits covered by collateral held by
the pledging financial institution, or
its trust department, or its ~gent but
not in tho goveronent's nane, aed de-
posits which are uninsured and oncol-
lateralized.
$15,612,509
Total Deposits
For pension trust funds tho types of deposits aath~rized and the mix of credit risk categories
do not differ significantly fr~n tho othor funds of the goverrment.
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NO]ES TO T~ FINANCIAL S~
DECMMBER 31, 1988
3. Deposits and Investments (Cont.)
B. Investments
The govermnent's investments are categorized to give an indicat{on of the level of risk assuned
by the entity at year-end. Category I includes investments that are insured or registered or
for which the securities are held by the ~overement or its ~gent in the ~overnnent's frame.
Category 2 includes uninsured and unregistered investments for which the securities are held by
the broker's or dealer's trust department or sgent in the goverrment's nane. Category 3
imzludes uninsured and unregistered investments for which the securities are held by the broker
or dealer, or by its trust depar~nent or ~gent but not in the government's name ard uninsured,
unregistered and umcollateralized investments. Pension Trust Funds own 10f~ of the following
investments.
Carrying
Category Market
1 2 3 Totals Valu~
U. S. Governments
Securities $14,257,086 - $14,257,0~6 $14,300,000
(I~4A' s 814,680 814,680 815,000
$15,071,766 15,071,766 $15,115,000
Deferred Compensation Plan Assets 3,491,226
Total Invest~ent s $18,562,992
4. Receivables - Taxes
Property taxes for 1988 attach es an enforceable lien on January i, 1988, on property values
assessed as of the sane date. Taxes are levind in Sept~nber of the subseqtmnt fiscal year (by
passage of a Tax Levy Ordinance). Tax bills are prepared by the County aed issued on or about
February 1, 1989 and August 1, 1989, and are payable in two installments, on or about March 1, 1989
aed Sept~nber 1, 1989. The County collects such taxes and remits them periodically.
Fixed Assets
A.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
General Fixed Assets Account Group
The following is a summary of changes in the general fixed assets account
group during the fiscal year:
Balances Balances
Jan. 1 Additions Retirements Dec. 1
Land
Buildings and
Improvements
Equipment
Furniture
Office Equipment
$ 1,981,758 $ 1,981,758
11,770,290 11,770,290
4,800,332 $510,777 5,311,109
538,217 $ 1,100 537,117
321,510 20,500 301,010
$19,412,107 $510,777 $21,600 $19,901,284
Proprietary Fixed Assets
The following is a summary of proprietary fund-type
date of this report:
fixed assets as of the
Enterprise
Funds
Systems
Buildings
Equipment and Vehicles
Other
Less Accumulated
Depreciation or
Amortization
$16,878,261
243,645
844,473
238,919
18,205,298
4,971,897
$13,233,401
In proprietary funds,
compute depreciation:
Water/Sewer System
Buildings
Improvements
Equipment
the following
estimated
useful
lives are used
50 years
40-50 years
10-20 years
3-10 years
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
6. Risk Management
The government has purchased insurance from private insurance companies. Risks
covered included general liability, workers compensation, and other. Premiums
have been displayed as expenditures/ expenses in appropriate funds.
The govermnent 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 life insurance
coverage) offered by these members to their officers and employees and to the
officers and employees of certain other governmental, quasigovernmental, and
nonprofit public service entities.
While IPBC does have some "pooling" attributes, it is essentially a
"cooperative" in that each member maintains a positive or negative account
balance. Thus the government has reflected its "balance" with IPBC on its
financial statements. The Cooperative acts solely as an administraive agency
to receive, process, and pay such claims as may come within the benefit program
of each member. The government's payments to IPBC are displayed on the
financial statements as expenditures/expenses in appropriate funds.
The government participates in the High-Level Excess Liability Pool (HELP).
HELP is a joint venture established by certain municipalities in Illinois to
provide excess liability coverage ($5,000,000 of coverage after a $5,000,000
self-insurance retention). The government's payments to HELP are displayed on
the financial statements as expenditures/expenses in appropriate funds.
7. Lease Obligations
No material capital or operating leases were in effect as of the date of this
report.
8. Long-Term Debt
A. General Obligation Bonds
The government issues general obligation bonds to provide funds for the
acquisition and construction of major capital facilities. General obligation
bonds have been issued for both general government and proprietary activities.
These bonds therefore are reported in the proprietary funds if they are
expected to be repaid from proprietary revenues.
22
Vr~A~E OF GLENVI~W, ILLINOIS
NOIES TO ~ FINANCIAL STATM~MI'rfS
DECEMBER 31,1988
8. I~ng-Tem Debt (Cont.)
A. General Cbligation Bonds (Cont.)
General obligation bonds are direct obligatioes and pledge th~ full faith and credit of the
goverr~nt. General obligation bonds currently outstanding are as follows:
Fund Debt Balances Balances
P~tired By January 1 Issuances R~tir~ants December 31
$1,400,000 Police A~ninistration
Bonds dated December 1, 1972
doe in ann~al installments of
$100,000 plus interest at
4.5% t~o~gh Jaanary 1, 1990
Debt
Service
$ ~00,000 $100,0OO $ 100,000
$950,000 Municipal Building Bonds
dated April 1, 1979 doe in annusl
installments of $100,000 to
$150,000 plus interest at 5.3% to
5.5% throngh January 1, 1991
Debt
Service
400,000 100,000 300,000
$3,100,000 Library B~ilding Bonds
dated July 1, 1984 due in anr~al
installments of $225,000 to
$275,000 plus interest at 8.5% to
10.0% through December 1, 1997
Debt
Service
2,700,000 225,000 2,475,000
$4,525,000 Corporate P~pose Bonds
dated July 1, 1977 due in ara~al
instalhnent s of $225,00 to
$375,000 plus interest at 4.6% to
6.0% through Jamaary 1, 1998
Waterworks
-West
2,925,000 225,000 2,700,000
$5,700,000 Core, rate P~rpose Bonds
dated October 1, 1979 doe in
annual installments of $250,000
to $475,000 plus interest at 6.0%
to 7.5% t~rough Janoary 1, 2000
Water~rks
-West
4,225,000 250,000 3,975,000
$300,000 Corporate Purpose Bonds Waterworks
dated June 15, 1987 d~e in anmml - West
installments of $34,108 to and
$65,291 plus interest at 5.95% Water~rks
through June 15, 1992 - East
273,800 54,760 219,040
$10,723,800 - $954,760 $9,769,040
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
8. Long-Term Debt (Cont.)
B. Debt Service Requirements to Maturity
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Year General
Ending Obligation
December 31 Bonds
General
Obligation
Bonds Carried
as Enterprise
Fund Liabilities
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
$ 775 875
639 500
457 600
433 125
408100
382662
356.538
329.725
302 500
$ 989
956
975
932
887
876
888
897
902
505~
503.
Total
Total Principal
and Interest
$4,085,625
062 $ 1,764,937
436 1,595,936
623 1,433,223
248 1,365,373
250 1,295,350
125 1,258,787
025 1,244,563
025 1,226,750
725 1,205,225
500 505,500
500 503,500
$9,313,519
$2,419,479
$13,399,144
$ 3,630,104
Interest Portion $1,210,625
C. Legal Debt Margin
The governmment is a home rule municipality.
Article VII, Section 6(k) of the 1970 Illinois Constitution governs comp-
utation of the legal debt margin.
"The General Assembly may limit by law the amount and require
referendum approval of debt to be incurred by home rule
municipalities, payable from ad valorem property tax receipts,
only in excess of the following percentages of the assessed value
of its taxable property ...(2) if its population is more than
25,000 and less than 500,000 an aggregate of one percent:
· ..indebtedness which is outstanding on the effective date (July 1,
1971) of this constitution or which is thereafter approved by
referendum.., shall not be included in the foregoing percentage
To date the General Assembly has set no limits for home rule municipal-
ities.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
8. Long-Term Debt (Cont.)
D. Noncommitment Debt
24
Special service area bonds outstanding as of the date of this report
totaled $237,564. These bonds are not an obligation of the government and
are secured by the levy of an annual tax on the real property within the
special service area. The government is in no way liable for repayment but
is only acting as agent for the property owners in levying and collecting
the tax, and forwarding the collections to bondholders.
9. Contractual Commitments
High-Level Excess Liability Pool (HELP)
The government has committed to purchase excess liability insurance from the
High-Level Excess Liability Pool (Agency), a joint venture of Illinois munici-
palities. The government expects to pay the following minimum amounts (these
amounts represent the government's share of the principal and interest - "fixed
costs" - of the Agency):
Year Ended
December 31 Amount
$44 515
44.742
46.490
46.328
46.017
47.209
48.152
47,186
47,724
1990
1991
1992
1993
1994
1995
1996
1997
1998
These amounts have been calculated using the government's current allocation
percentage of 6.24%. In future years this allocation percentage will be
subject to change, because the Agency Agreement provides that each year Members
will be assessed based upon a formula which specifies the following four
criteria for allocating premium costs:
Miles of Streets
Full-Time Equivalent Employees
Number of Motor Vehicles
Operating Revenues
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
9. Contractual Commitments (Cont.)
Solid Waste Agency of Northern Cook County (SWANCC)
The government has committed to make premiums to the So[id Waste Agency of
Northern Cook County. The government expects to pay approximately $72,000 per
year for the years ending April 30, 1990 - 1998.
10. Interfund Assets/Liabilities
A. Due From/To Other Funds
Receivable Fund
Payable Fund Amount
General IMRF $ 10,529
General Debt Service 2,865
General Capital Projects 39,653
General Debt Service 42,292
Library General 10,875
Library Capital Projects 14,000
IMRF General 1,555
Cable Television General 136,729
Cable Television Capital Projects 13,500
Capital Projects General 411,892
Capital Projects Water East 48,820
Water East Debt Service 27,893
Sewerage Debt Service 2,361
Water West Debt Service 258,172
Sewerage Debt Service 51,107
Police Pension General 3,247
Firemens Pension General 1,996
Agency Debt Service 3,226
General Escrow 292,204
$1,372,916
Advances From/To Other Funds
Receivable Fund
Waterworks East
Sewerage
Payable Fund
Capital Equipment
Replacement
Capita[ Projects
327,851
202,495
$ 530,346
VILLAI~ OF ~.FNVIEW, ILLINOIS
NOIES TO THE FINANCIAL STA.~]~qi~
~ 31, 1988
11. ~S~3~nt Information - Emterprise Fu~]s
The goverrment maintains four enterprise funds which are inte~ed to be self-supporting through
user fees charged for services to the public. Financial segment information as of the date of
this report a~i for the fiscal year is as follows:
Cc~uter
Waterworks Water%~)rks Parking
- East - West Sewerage Lot Totals
Operating Revenues
$2,473,816 $ 2,784,168 $ 599,386 $ 73,500 $5,930,870
Depreciat{on, Deplet{on, and
~ort ization Expense
82,712 234,197 34,629 357 351,895
Operating Incc~e
546,034 1,213,466 298,176 1,668 2,059,344
Operating Transfers
In 151,372 I0,000 161,372
Out (263,452) (68,757) (33,050) (60,000) (425,259)
Net Income (Loss)
280,254 873,061 278,460 (48,482) 1,383,293
Plant, Property and Equilmmnt
Addit {oas
438,208 533,683 26,711 96,795 1,095,397
Total Assets 3,744,687 . 10,179,299 2,135,400 358,18~ 16,417,570
Net Worklrg Capital
722,399 1,090,622 768,850 254,014 2,835,885
Bonds and Other Long-Term
Liabilities
Payable f~cm Operating
Revenues
131,424 6,762,616 6,89~,040
Total Equity 3,321,906 3,364,520 2,134,648 354,172 9,175,246
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12. Contributed Capital
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
13.
During the year, contributed capital increased/decreased by the following
amounts:
Enterprise
Waterworks
- East
$ 18,291
$ 18,291
Net Increase (Decrease)
Contributed Capital
January 1
December 31
Fund Equity
A. Prior Period Adjustments
During the fiscal year, prior period adjustments were made as follows:
General Fund
To correct error in recording Accounts Payable
Waterworks Fund - East
To correct error in recording Transfers
Police Pension Fund
To correct error in amortization of Investment Discount
Firemen's Pension Fund
To correct error in amortization of Investment Discount
Capital Equipment Replacement Fund
To correct error in prior year recording of advance
~ount
$ 8,771
148,533
(151,084)
(171,528)
18,208
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
28
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13. Fund Equity (Cont.)
B. Residual Equity Transfers
Transfer From Transfered To Amount
General Capital Equipment
Replacement $ 411,892
Public Library Parking General
Lot Bond Series of 1976 42,292
Waukegan Road Sanitary Sewerage
District Bond Series of 1969 2,361
Police Administration Municipal Building
Building Bonds of 1972 Bonds of 1979 200,420
Waterworks - East Capital Equipment
Replacement 29,619
14. Contingent Liabilities
A. Litigation
The government is a defendant in various lawsuits. Although the outcome
of these lawsuits is not presently determinable, in the opinion of the
government's attorney the resolution of these matters will not have a
material adverse effect on the financial condition of the government.
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B. Grants
Amounts received or receivable from grantor agencies are subject to audit
and adjustment by grantor agencies, principally the federal government.
Any disallowed claims, including amounts already collected, may constitute
a liability of the applicable funds. The amount, if any, of expenditures
which may be disallowed by the grantor cannot be determined at this time
although the government expects such amounts, if any, to be immaterial.
C. High-Level Excess Liability Pool (HELP)
The government's agreement with the High-Level Excess Liability Pool
provides that each member is liable for its proportionate share of any
costs arising from defaults in payment obligations by other members.
D. Solid Waste Agency of Northern Cook County (SWANCC)
The government's contract with the Solid Waste Agency of Northern Cook
County provides that each member is liable for its proportionate share of
any costs arising from defaults in payment obligations by other members.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31,1988
15. Joint Ventures
A. Intergovernmental Personnel Benefit Cooperative (IPBC)
Description of Joint Venture
The Intergovernmental Personnel Benefit Cooperative is a governmental
joint venture established by certain units of local government in Illinois
to administer some or all of the personnel benefit programs offered by the
members to their officers and employees and to the officers and employees
of certain other governmental, quasigovernmental, 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 accoon-
ting".
Management consists of a Board of Directors comprised of one representa-
tive from each member. In addition, there are two officers, a Benefit
Administrator and a Treasurer.
The government does not exercise any control over the activities of the
Cooperative beyond its representation on the Board of Directors
Summary Financial Information of Joint Venture
The latest available financial statements of the Cooperative, dated
June 30, 1988, show the following:
Total Assets
$3,703,636
$1,219,183
2,484,453
Total Liabilities - Current
- Long-Term
$3,703,636
B. High-Level Excess Liability Pool
Description of Joint Venture
The High-Level Excess Liability Pool (the "Agency") was organized on
April 1, 1987. The purpose of the Agency is to act as a joint self-
insurance pool for the purpose of seeking the prevention or lessening of
liability claims for injuries to persons or property or claims for errors
and omissions made against the Members and other parties included within
the scope of coverage of the Agency.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31,1988
15. Joint Ventures (Cont.)
B. High-Level Excess Liability Pool (Cont.)
Description of Joint Venture (Cont.)
At December 31, 1988,
Agency:
the
3O
following municipalities were members of the
Share Share
Village of Mount Prospect 7.79%
Village of Oak Lawn 9.27
City of Park Ridge 5.86
Village of Skokie 10.55
Village of Streamwood 4.20
City of Wheaton 7.01
Village of Winnetka 4.48
100.00%
Village of Arlington Heights 11270%
Village of Chicago Ridge 2.24
Village of Deerfield 3.52
City of Des Plaines 11.43
Village of Elk Grove Village 7.67
Village of Glenview 6.24
Village of Hoffman Estates 6.62
Village of Lincolnshire 1.35
These percentage shares are subject to change in future years based
upon a formula specified in the Agency Agreement.
The Agency is governed by a Board of Directors which consists of one
representative from each member municipality. Each Director has an
equal vote. The officers of the Agency are appointed by the Board of
Directors. The Board of Directors determines the general policy of the
Agency, makes all appropriations, approves contracts, adopts resolu-
tions providing for the issuance of debt by the Agency, adopts by-laws,
rules and regulations, and exercises such powers and performs such
duties as may be prescribed in the Agency Agreement or the by-laws.
The government does not exercise any control over the activities of the
Agency beyond its representation on the Board of Directors.
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15.
VIIJA~] O~ o'.mlVI~, ILLI2XlOIS
NO'I~S TO TI~ ~IAL ~
DEOR~ER 31,1988
Joint Ventures (Cont).
B. High-Level Excess Liability Pool (Cont.)
Statuary Fiesmcial Information of Joint Venture
Summary of Financial Position as of April 30, 1988
Assets
Current Assets
Cash and Investments
Unrestricted $ 937,558
Escr tx* Agreement 5,480,740
6,418,298
P~ceivables
Accotmts 83,554
Accrued Interest 11,898
95,452
Total Assets $6,513,750
Liabilities and FundEquit~
Current Liabilities
Accotmts Payable
Claims Payable
Due to Village of
Elk Grove Village
Accrued Interest
Payable
Due to Members
Deferred Revemes
Long-Tem Liabilities
Due to Village of
Elk Grove Village
Total Liabilities
Fund Equity
Retained Earnings
Total Liabilities
and FundEquity
4,352
50,000
350,000
131,949
52,197
556,686
1,145,184
4,650,000
5,795,184
718,566
$6,513,750
31
15.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31,1988
Joint Ventures (Coot.)
B. High-Level Excess Liability Pool (Coot.)
Summary Financial Informatioo of Joint Venture (Cont.)
Summary of Revenues, Expenses, and Changes in Retained Earnings for the
year ended April 30, 1988.
Operating Revenues
Operating Expenses 88,542
Operating Income 873,517
Nonoperating Revenues (Expenses)
Interest Income 78,302
Interest Expense (118,754)
Bond Issuance Expenses (114,499)
~[i~-, 9-~)
$ 962,059
Net Income 718,566
Retained Earnings
May 1
April 30 $ 718,566
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15.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
33
Joint Ventures (Cont.)
B. High-Level Excess Liability Pool (Cont.)
Summary Financial Information of Joint Venture (Cont.)
Government's Share of Assets, Liabilities, Fund Equity
for the year ended April 30, 1988
Balances
May 1
Total Assets
(Decreases)
$406,458
Total Liabilities
Fund Equity
Retained Earnings
Total Liabilities
and Fund Equity
$361,620
44,838
$460,458
$ 44,838
Government's Share of Net Income
Joint Venture Debt
Changes in Long-Term Debt
Due to Government
for Retirement of
General Obligation
Bonds
Balances
May 1
Issuances Retirements
$5,000,000
and Changes
Balances
April 30
$406,458
$361,620
44,838
$406,458
$ 44,838
Balances
April 30
$5,000,000
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
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15. Joint Ventures (Cont).
B. High-Level Excess Liability Pool (Cont.)
Joint Venture Debt (Cont.)
Security for the Debt
The Village of Elk Grove Village, Illinois (the initial Host Member)
issued $5,000,000 of general obligation bonds in 1987 to provide initial
funding for the Agency. The bond proceeds were put into escrow with
LaSalle National Bank as escrow agent. An intergovernmental agreement
among the Agency, the Village of Elk Grove Village, and the Members
provides that the Agency and its Members are obligated to the Village of
Elk Grove Village for payment of principal and interest on the bonds until
such bonds have been retired. Additionally each Member is liable for its
proportionate share of any default by other Members. The obligations of
the Agency and its Members are unconditional.
C. Solid Waste Agency of Northern Cook County (SWANCC)
Description of Joint Venture
The Village is a member of the Solid Waste Agency of Northern Cook County
(the "Agency") which consists of thirty-two municipalities. The Agency is
a municipal corporation and public body politic and corporate established
pursuant to the Constitution Act of the State of Illinois and the Inter-
governmental Cooperation Act of the State of Illinois, as emended, (the
"Act"). The Agency is empowered under the Act to plan, construct,
finance, operate and maintain a solid waste disposal system to serve its
members.
The members of the Agency at December 31, 1988 were:
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Arlington Heights
Barrlngton
Buffalo Grove
Des Plaines
Elk Grove Village
Evanston
Glencoe
Glenview
Hanover Park
Highland Park
Hoffman Estates
Kenilworth
Lake Forest
Lincolnwood
Morton Grove
Mount Prospect
Niles
Northbrook
Northfield
Palatine
Park Ridge
Prospect Heights
Rolling Meadows
Roselle
Schaumburg
Skokie
South Barrington
Streamwood
Wheeling
Wilmette
Winnetka
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35
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
15. Joint Ventures (Cont.)
C. Solid Waste Agency of Northern Cook County (SWANCC) (Cont.)
Description of Joint Venture (Cont.)
The members form a contiguous geographic service area which is located
Northwest of downtown Chicago. Under the Agency Agreement, additional
members may join the Agency upon the approval of each member.
The Agency is governed by a Board of Directors which consists of one
appointed Mayor or President from each member municipality. Each Director
has an equal vote. The officers of the Agency are appointed by the Board
of Directors. The Board of Directors determines the general policy of the
Agency, makes all appropriations, approves contracts, adopts resolutions
providing for the issuance of Bonds or Notes by the Agency, adopts
by-laws, rules and regulations, and exercises such powers and performs
such duties as may be prescribed in the Agency Agreement or the by-laws.
No financial information is available on the joint venture at the date of
this report.
16. Deferred Compensation Plan
The government offers its employees a deferred compensation plan created in
accordance with Internal Revenue Code Section 457. The plan, available to all
government employees, permits them to defer a portion of their salary until
future years. Participation in the plan is optional. The deferred
compensation is not available to employees until termination, retirement,
death or unforeseeable emergency. All amounts of compensation deferred under
the plan, all property and rights purchased with those amounts, and all income
attributable to those amounts, property, or rights are (until paid or made
available to the employee or other beneficiary) solely the property amd rights
of the government subject only to the claims of the government's general
creditors. Participants' rights under the plan are equal to those of general
creditors of the government in an amount equal to the fair market value of the
deferred account for each participant.
It is the opinion of the government's legal counsel that the government has no
liability for losses under the plan but does have the duty of due care that
would be required of an ordinary prudent investor. The governmemt believes
that it is unlikely that it will use the assets to satisfy the claims of
general creditors in the future.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
17. Post-Employment Health Care Benefits
In addition to providing pension benefits, the government provides certain
health care and llfe insurance benefits for retired public safety employees.
Substantially all of the government's public safety employees may become
eligible for those benefits if they reach normal retirement age while working
for the government. The cost of retiree health care and life insurance
benefits is $38,880 for the fiscal year. The Village charges former employees
100% of the premiums.
18. Employee Retirement Systems
A. Plan Descriptions and Provisions
Illinois Municipal Retirement
The government contributes to the Illinois Municipal Retirement Fund
("IMRF"), an agent multiple-employer public employee retirement system
that acts as a common investment and administrative agent for local
governments and school districts in Illinois. The government's total
payroll for the year ended December 31, 1988, was $8,019,235. Of this
amount, $4,005,547 in payroll earnings were reported to and covered by the
IMRF system.
Ail employees hired in positions that meet or exceed the prescribed annual
hourly standard must be enrolled in IMRF as participating members.
Pension benefits vest after eight years of service. Participating members
who retire at or after age 60 with 8 years of credited service are
entitled to an annual retirement benefit, payable monthly for life, in an
amount equal to 1 2/3 percent of their final rate (average of the highest
48 consecutive months' earnings during the last 10 years) of earnings, for
each year of credited service up to 15 years, and 2 percent for each year
thereafter. IMRF also provides death and disability benefits. These
benefit provisions and all other requirements are established by Illinois
State Statute.
Participating members are required to contribute 4.5 percent of their
annual salary to IMRF. The government is required to contribute the
remaining amounts necessary to fund the coverage of its own employees in
the System, using the actuarial basis specified by state statute (entry
age normal); for 1988 the rate was 7.00%.
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37
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
18. Employee Retirement Systems (Cont.)
A. Plan Descriptions and Provisions (Cont.)
Police Pension
Police sworn personnel are covered by the Police Pension Plan which is a
defined benefit single-employer pension plan. Although this is a
single-employer pension plan, the defined benefits and employee and
employer contributions levels are governed by Illinois State Statutes
(Chapter 108 1/2 Article 3) and may be amended only by the Illinois
legislature. The government accounts for the plan as a pension trust
fund. The government's payroll for employees covered by the Police
Pension Plan for the year ended December 31, 1988 was $2,089,055 out of a
total payroll of $8,019,235. At December 31, 1988 the Police Pension Plan
membership consisted of:
Retirees and Beneficiaries Currently
Receiving Benefits and Terminated
Employees Entitled to Benefits but
not yet Receiving Them
Current Employees
Vested
Nonvested
23
]
] 2_!
Total 78
The following is a summary of the Police Pension Plan as provided for in
Illinois State Statutes.
The Police Pension Plan provides retirement benefits as well as death and
disability benefits. Employees attaining the age of 50 or more with 20 or
more years of creditable service are entitled to receive an annual
retirement benefit of one-half of the salary attached to the rank held on
the last day of service, or for one year prior to the last day, whichever
is greater. The pension shall be increased by 2% of such salary for each
additional year of service over 20 years up to 30 years, and 1% of such
salary for each additional year of service over 30 years, to a maximum of
75% of such salary. Employees with at least 8 yea~s but less than 20
years of credited service may retire at or after age 60 and receive a
reduced benefit.
38
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
18. Employee Retirement Systems (Cont.)
A. Plan Descriptions and Provisions (Cont.)
Police Pension (Cont.)
The monthly pension of a police officer who retired with 20 or more years
of service after January 1, 1977 shall be increased annually, following
the first anniversary date of retirement and be paid upon reaching the age
of at least 55 years, by 3% of the original pension and 3% simple interest
annually thereafter.
Covered employees are required to contribute 9% of their base salary to
the Police Pension Plan. If an employee leaves covered employment with
less than 20 years of service, accumulated employee contributions may be
refunded without accumulated interest. The government is required to
contribute the remaining amounts necessary to finance the plan as
actuarially determined by an enrolled actuary. By the year 2020 the
government's contributions must accumulate to the point where the past
service cost for the Police Pension Plan is fully funded.
Firemen's Pension
Fire sworn personnel are covered by the Firemen's Pension Plan which is a
defined benefit single-employer pension plan. Although this is a
single-employer pension plan, the defined benefits as well as the employee
and employer contributions levels are mandated by Illinois State Statutes
(Chapter 108 1/2 - Pensions - Article 4) and may be amended only by the
Illinois legislature. The government accounts for the plan as a pension
trust fund. The government's payroll for employees covered by the
Firemen's Pension Plan for the year ended December 31, 1988 was $1,304,443
out of a total payroll of $8,019,235. At December 31, 1988 the Firemen's
Pension Plan membership consisted of:
Retirees and Beneficiaries Currently
Receiving Benefits and Terminated
Employees Entitled to Benefits but
not yet Receiving Them
Curreet Employees 31
Vested ] 4
Nonvested ] --
Total 41
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39
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
18. Employee Retirement Systems (Cont.)
A. Plan Descriptions and Provisions (Cont.)
Firemen's Pension (Cont.)
The following is a summary of the Firemen's Pension Plan as provided for
in Illinois State Statutes.
The Firemen's Pension Plan provides retirement benefits as well as death
and disability benefits. Employees attaining the age of 50 or more with
20 or more years of creditable service are entitled to receive a monthly
retirement benefit of one-half of the monthly salary attached to the rank
held in the fire service at the date of retirement. The monthly pension
shall be increased by one-twelfth of 2% of such monthly salary for each
additional month over 20 years of service through 30 years of service and
one-twelfth of 1% of such monthly service for each additional month over
30 years of service, to a maximum of 75% of such monthly salary.
Employees with at least 10 years but less than 20 years of credited
service may retire at or after age 60 and receive a reduced retirement
benefit. The monthly pension of a firefighter who retired with 20 or more
years of service after January 1, 1977 shall be increased annually,
following the first anniversary date of retirement and paid upon reaching
at least the age 55, by 3% of the original pension and 3% annually
thereafter.
Covered employees are required to contribute 8 1/4% of their salary to the
Firemen's Pension Plan. If an employee leaves covered employment with
less than 20 years of service, accumulated employee contributions may be
refunded without interest. The government is required to contribute the
remaining amounts (not less than 9 1/4%) necessary to finance the plan as
actuarially determined by an enrolled actuary. By the year 2020 the
government's contributions must accumulate to the point where the past
service cost for the Firemen's Pension Plan is fully funded.
Bo
Summary of S~gnificant Accounting Policies and Plan Asset Matters
Basis of Accounting
The financial statements are prepared using the accrual basis
accounting. Employee and employer contributions are ~ecognized
revenues in the period in which employee services are performed.
of
VILLAGE OF G~LENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
4O
18. Employee Retirement Systems (Cont.)
B. Summary of Significant Accounting Policies and Plan Asset Matters (Cont.)
Method Used to Value Investments
Fixed-income securities are reported at amortized cost with discounts or
premiums amortized using the effective interest rate method, subject to
adjustment for market declines judged to be other than temporary (lower of
cost or market). Investment income is recognized as earned. Gains and
losses on sales and exchanges of fixed-income securities are recognized on
the transaction date. Equity securities are reported at cost subject to
adjustment for market declines judged to be other than temporary (lower of
cost or market).
Significant Investments
There are no investments (other than U.S. government and U.S. government-
guaranteed obligations) in any one organization that represent 5 percent
or more of net assets available for benefits.
Related Party Transactions
There are no securities of the employer or any other related parties
included in plan assets, including any loans.
C. Funding Status and Progress
The amount shown below as the "pension benefit obligation" for the IMRF
fund is a standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases and
step-rate benefits, estimated to be payable in the future as a result of
employee service to date. The measure is intended to help users assess
the funding status of the system on a going-concern basis, assess progress
made in accumulating sufficient assets to pay benefits when due, and make
comparisons among employers. The measure is the actuarial present value
of credited projected benefits and is independent of the funding method
used to determine contributions to the System.
The amount shown below as the "pension benefit obligation" for the Police
Pension Plan and the Firemen's Pension Plan is a substitute disclosure
measure (entry age normal) of the present value of pension benefits,
adjusted for the effects of projected salary increases and step-rate
benefits, estimated to by payable in the future.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
18. Employee Retirement Systems (Cont.)
C. Funding Status and Progress (Cont.)
Actuarial Valuation Date
Illinois
Municipal Police
Retirement Pension
Firemen's
Pension
December 31, December 31, December 31,
1988 1987 1987
Significant Actuarial
Assumptions
a)
Rate of Return on Invest-
ment of Present and
Future Assets
b)
Projected Salary
Increases - Attributable
to Inflation
¢)
d)
Additional Projected
Salary Increases -
Attributable to
Seniority/Merit
Postretirement Benefit
Increases
7.00% 7.00% 7.00%
compounded compounded compounded
annually annually annually
3.75% ]
compounded ] 5.50%
annually ] compounded
] annually
]
]
]
]
1.00% l
3.00%
5.50%
compounded
annually
(Note - separate information
for b) and c) not available)
3.00% 3.00%
simple interest compounded
annually annually
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
42
18. Employee Retirement Systems (Cont.)
C. Fnnding Status and Progress (Cont.)
Illinois
Municipal Police
Retirement Pension
Pension Benefit Obligation
Retirees and Beneficiaries
Currently Receiving
Benefits and Terminated (Note A)
Employees not yet
Receiving Benefits $ 393,828
Current Employees
Accumulated Employee
Contributions
Including Allocated
Investment Earnings $1,402,440
Employer - Financed Vested $2,731,880
Employer - Financed
Nonvested $ 522,351
Total Pension
Benefit Obligation
Net Assets Available for
Benefits, at Lower of
Cost or Market
(Market Values)
(IMRF - $ 3,145,911)
(Police - $ 8,992,693)
(Firemen's - $ 7,770,821)
(Totals $19,909,425)
Unfunded (Assets in Excess of)
Pension Benefit Obligation
$5,050,499
$2,933,046
$2,117,453
Firemen's
Pension Totals
$3,071,565
$1,387,601
$4,848,933 $4,503,703
(Note B) (Note B)
$ 4,852,994
$ 9,352,636
$ - $ - $ 4,656,671
$7,920,498 $5,891,304 $18,862,301
$8,949,779 $7,770,501 $19,653,326
$(1,029,281) $(1,879,197) $ (791,025)
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43
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
18. Employee Retirement Systems (Cont.)
C. Funding Status and Progress (Cont.)
(Note A)
The pension benefit obligation applicable to retirees and beneficiaries
currently receiving benefits is not included in the above schedule due to
the fact that this obligation was transferred from the government to IMRF
as a whole when the annuity became payable.
(Note B)
The concept of vesting is not clearly defined in Illinois State Statutes.
Benefit accrual rates are delineated, but they do not assist in defini-
tively determining vesting status. As such no detail allocation can be
determined.
D. Contributions Required and Contributions Made
Illinois Municipal Retirement, Police Pension, and Firemen's Pension
The Systems' funding policy provides for actuarially determined periodic
contributions at rates that, for individual employees, accumulate assets
gradually over time so that sufficient assets will be available to pay
benefits when due. The rate for the government's employee group as a
whole has tended to remain level as a percentage of annual covered
payroll. The contribution rate for normal cost is determined using the
entry age normal actuarial funding method. The IMRF System used the level
percentage of payroll method, while the Police Pension and Firemen's
Pension Systems used a level dollar amount method to amortize the unfunded
liability over a 40 year period.
The significant actuarial assumptions used to compute the actuarially
determined contribution requirements are the same as those used to compute
the pension benefit obligation as described in C. above.
Illinois
Municipal Police Firemen's
Retirement Pension Pension
TotalS
Actuarial Valuation Date
December 31, December 31, December 31,
1988 1987 1987
Actuarially Determined Contribution
Requirement - Employer
As a Dollar Amount
Normal Cost $104,544
Amortization of Unfunded
Actuarial Accrued Liability 147,404
Death and Disability Cost 28,439
$301,640 $ 234,725 $640,909
(25,632) $(103,415) 18,357
28,439
$280,387 $276,008 $ 131,310 $687,705
44
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1988
18. Employee Retirement Systems (Cont.)
D. Contributions Required and Contributions Made (Cont.)
As a % of Current Covered Payroll
Normal Cost 2.61% 14.44%
Amortization of Unfunded
Actuarial Accrued Liability 3.68 (1.22)
Death and Disability Cost .71
7.00% 13.22%
Contribution Made
As a Dollar Amount
Employer
Employee
17.99% 8.66%
(7.93) .25
.38
10.06% 9.29%
$280,388 $471,902 $288,177 $1,040,467
180,252 188,015 120,661 488,928
$460,640 $659,917 $408,838 $1,529,395
As a % of Current Covered Payroll
Employer 7.00% 22.59% 22.09% 14.06%
Employee 4.50 9.00 9.25 6.60
11.50% 31.59% 31.34% 20.66%
Effects on the Contribution Requirements of Current-Year Changes
Illinois Municipal Retirement
Current-year changes in the actuarial assumptions, benefit provisions,
and methodology, explained below, will be incorporated in the 1989
employer contribution rate. These changes are estimated to increase the
1989 rate by approximately 2.04 percent of payroll over the 1988 rate.
Separate dollar effects of each change were not economically determinable
on an individual employer basis by IMRF.
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V~.~AgE OF C~V-iEW ILLINOIS
NOTES TO T~g FINANCIAL ~
D~ER 31, 1988
18. Fmployee Retiremmat Systems (Cont.)
E. Trend Infon~ation
Trend information gives m~ indication of the progress mmde in acctmulating sufficient assets
to pay benefits ~hen doe. Ten-year trend information tomy be found in the supplemental
section of the govemr~t's amual financial report.
Net Assets Available for ~enefits
As a % of the Pension Benefit
Cbllgat ion (PBO)
Unfunded (Assets in Excess of) P~O
As a % of Anmual Covered Payroll
(Expressing the refunded pension
benefit obligation as a percent-
age of anntml covered payroll
approximately edjusts for the
effects of inflation for
m~alysis porposes)
I~nployer Contributions
As a % of A~ual Covered
Payroll
Required
Illinois
M~micipal Police Firemen's
Year Ratiremmt Pension Pension Totals
1986 N/A 61.60% 85.90% N/A
1987 63.20% 103.80% 120.76% 99.62%
1988 58.07% 113.00% 131.90% 104.19%
1986 N/A 188.50% 60.50% N/A
1987 46.00% (11.14%) (87.21%) (10.98%)
1988 52.90 (49.27%) (144.06%) (10.69%)
1986 N/A 28.09% 26.81% N/A
1987 7.00% 23.24% 22.59% 14, 56%
1988 7.00% 22.59% 22.09% 14.06%
1986 N/A N/A N/A N/A
1987 $259,384 $286,000 $135,000 $ 6~0,384
1988 $280,388 $276,008 $131,310 $ 687,706
1986 $245,518 $530,381 $342,227 $1,118,126
1987 $259,384 $474,199 $290,435 $1,024,018
1988 $280,388 $471,902 $288,177 $1,040,467
N/A- N~t Available
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Fund Description
General Fund
The General Fund, also referred to as the Corporate Fund,
resources traditionally associated with govermnental
accounted for in another fund.
is used to account for
services not required to be
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
BALANCE SHEET
DECEMBER 31, 1988
ASSETS
Cash and Investments
Receivables
Taxes
Property Taxes
Sales Tax
Income Tax
Utility Taxes
Replacement Taxes
Accounts
Other
Due from Other Funds
Prepaid Items
Total Assets
1988 1987
$2,234,287 $2,069,241
1,770,344 1,447,885
485,000 768,851
84~000 136,391
246,608 172,143
11,904 11,759
5,987 30,870
71,530 31,920
387,543 531,682
124,078
$5,421,281 $5,200,742
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable
Compensated Absences Payable
Due to Other Funds
Deferred Revenues
Total Liabilities
82,299 $ 81,108
252,348 187,680
566,294 202,033
1,770,344 1,447,885
2,671,285 1,918,706
Fund Balance
Reserved for Prepaid Items
Unreserved
Designated - Improvements
Designated - Senior Citizen Housing
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
124,078
2,625,918
25,729
373,600
2,882,707
2,749,996 3,282,036
$5,421,281 $5,200,742
See accompanying Notes to the Financial Statements.
46
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Revenues 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
Other Financing Sources (Uses)
Operating Transfers In (Out)
Capital Projects Fund
Sewer Fund
Escrow Deposit Fund
Excess (Deficiency) of Revenues and
Other Financing Sources over Expendi-
tures and Other Financing Uses
1988 1987
Budget Actual Actual
$ 8,827,551 $ 8,177,086 $ 7,909,796
1,045,300 1,007,561 1,231,324
61,423
1,056,334 777,459 773,509
283,000 210,143 266,382
181,000 162,173 243,566
11,393,185 10,334,422 10,486,000
2,455,609 2,532,358 2,450,020
5,607,322 5,625,300 5,013,039
2,329,624 2,332,625 2,193,805
10,392,555 10,490,283 9,656,864
1,000,630 (155,861) 829,136
(343,000) (296,000) (256,258)
290,650
(10,000) 255,426
(343,000) (15,350) (832)
$ 657,630 (171,211) 828,304
Fund Balance
January 1
Prior Period Adjustment
Adjusted Balance
Residual Equity Transfer In
Residual Equity Transfer Out
December 31
3,282,036 2,453,732
8,771
3,290,807 2,453,732
42,292
(411,892)
2,921,207
2,749,996 $ 3,282,036
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Taxes
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Sales Tax
Utility Tax
Illinois Income Tax
Road and Bridge
Franchise Taxes
Road and Bridge - Prior
Hotel Room Tax
Licenses and Permits
Motor Vehicle
Business
Liquor
Pet
Heating and Air Conditioning
Buildings
Electrical Inspection
Plombing and Sewer
Plan Review and Elevator Inspection
Driveway Permits
Intergovernmental
Charges for Services
Administration
Engineering Fees
Unclassified Public Works Service
Other Current Service Charges
Fines and Forfeits
1988
Budget Actual
1987
Actual
$1,753,858 $1,482,333 $1,392,794
6,232
32,000 42,915 66,373
3,224,500 3,132,518 3,178,578
2,328,860 2,202,445 2,119,255
975,000 952,708 900,124
93,300 53,444 57,763
132,252 67,189 188,148
202 529
287,781 243,332
8,827,551 8,177,086 7,909,796
405,000 398,791 399,155
72,000 78,006 81,792
60,000 66,990 58,093
4,000 5,142 5,286
800 1,225 1,225
395,000 351,602 536,928
36,600 36,192 55,080
25,000 20,729 34,576
42,900 43,984 52,839
4,000 4,900 6,350
1,045,300 1,007,561 1,231,324
- - 61,423
964,334 613,584 623,269
40,000 111,915 99,233
27,000 15,557 19,980
25,000 36,403 31,027
1,056,334 777,459 773,509
283,000 210,143 266,382
48
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF REVENUES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Miscellaneous
Interest
Insurance Refunds
Damage to Village Property
Other
Total Revenues
1988 1987
Budget Actual Actual
100,000 $ 96,564 $ 115,442
46,000 38,880 37,919
5,000 4j180 5,602
30,000 22,549 84,603
181,000 162,173 243,566
$11,393,185 $10,334,422 $10,486,000
49
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
General Government
Board of Trustees
Special Board
Village Clerk
Legal and Insurance
Emergency Service Disaster Agency
Village Manager
Finance
Municipal Building and Grounds
Personnel
Other
Public Safety
Public Health
Police Department
Fire Department
Printing
Highways and Streets
Development and Public Services
Administration
Planning and Zoning
Engineering
Public Works - Administration
Public Works - Overhead
Public Works - Street Maintenance
Public Works - Traffic
Public Works - Storm Water Management
Public Works - Snow and Ice Control
Public Works - Forestry
Public Works - Grounds
Building Inspection
Total Expenditures
Budget Actual
16,938 $ 15,005
67,295 58,751
11,581 10,172
529,256 666,412
31,900 4,245
273,798 266,768
417,001 410,011
192,468 119,281
915,372 902,342
79,371
2,455,609 2,532,358
88,636 85,368
3,408,426 3,347,918
2,084,610 2,167,872
25,650 24,142
5,607,322 5,625,300
92,829 111 199
72,587 79 675
257,020 266 588
127,433 128821
615,625 614720
109,089 130,658
205,198 190,909
88,494 82,847
134,730 119,130
215,014 220 205
66,473 52,028
345,132 335,845
2,329,624 2,332,625
$10,392,555 $10,490,283
5O
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
General Government
Board of Trustees Regular Salaries
Dues, Subscriptions and Memberships
Travel Expense
Training
Materials and Supplies
Special Board
Contractual Services
Materials and SuppLies
Other Operational Expenses
Village Clerk
Temporary Salaries
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Office Supplies
Legal and Insurance
Contractual and Professional Services
Books
Dues, Subscriptions and Memberships
Materials and Supplies
Village Attorney Retainer
Prosecutor Retainer
Outside Litigation
Insurance - Health
Insurance - Workmen's Compensation
Insurance - General
Insurance - Excess Liability
Insurance - Other
Insurance - Claims
Budget
3,000
100
9,878
1,000
2,960
16,938
64,395
2,800
100
67,295
560
10,821
100
5O
5O
11,581
9,150
2,000
306
27,500
20,000
50,000
192,300
150,000
65,000
3,000
10,000
529,256
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Actual
$ 3,00040 I
9,843
2,122 I
15,005
58,246 I
5O5
58,751 I
10,158
10,172
25,355
2,312
425 I
30,250
22,000
118,929 I
1,110
201,512 I
196,285
63,244
4,990
666,412 I
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
General Government (Cont.)
Emergency Service Disaster Agency
Power and Light
Telephone and Telegraph
Maintenance of Equipment
Office Supplies
Books, Pamphlets, and Materials
Materials and Supplies
Contingencies
Machinery and Equipment
Small Tools
Village Manager
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Postage
Dues, Subscriptions and Memberships
Maintenance of Equipment
Rentals
Travel Expense
Training Expense
Books, Pamphlets and Materials
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Finance
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Postage
Dues, Subscriptions and Membership
Maintenamce of Equipment
Rentals
Budget
$ 1,100
2,000
2,000
400
400
5,500
2,000
17,500
1,000
31,900
207,688
14,190
85O
12,000
2,400
17,000
2,161
185
8OO
5,180
75O
3OO
3,100
4,144
3,050
273,798
263,060
3,500
17,400
1,950
41,375
6,000
7,000
924
24,340
26,100
Actual
$ 869
883
2,000
367
120
6
4,245
201,964
180
9,764
85O
9,908
217
19,701
2,527
592
4,173
4,586
657
356
3,100
5,329
2,864
266,768
271 528
6 669
19 587
1 950
31 068
6 521
3 985
455
21,170
24,216
52
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
General Government (Cont.)
Finance (Cont.)
Travel Expense
Training
Office Supplies
Books, Pamphlets and Materials
Computer Supplies
Other Operating Expense
Reimbursable Expense
Bank Charges
Machinery and Equipment
Municipal Building and Grounds
Regular Salaries
Overtime Salaries
Temporary Salaries
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 Repairs
Buildings and Improvements
Improvements Other than Building
Personnel
Contractual Professional Services
Printing, Binding and Publications
Dues, Subscriptions and Memberships
Insurance and Bonding
Travel
Training Expense
Books, Pamphlets and Materials
Employee Welfare
Other
Total General Government
Budget
$ 2,167
700
14,000
2OO
7,000
4OO
885
417,001
21,468
1,500
8,100
9,650
15,000
24,000
17,615
7,165
9,200
350
3,500
3,950
45O
2,500
320
55,800
11,900
192,468
17,250
2,500
1,220
858,852
5OO
25,700
100
9,250
915,372
$2,455,609
Actual
$ 1,468
452
13,434
194
4,855
100
341
133
1,885
410,011
21,561
6,770
9,303
12,558
22,437
14,360
2,223
8,972
647
1,630
2,377
52
4,131
16
12,244
119,281
40,999
3,835
1,258
826,890
682
23,696
8O
4,902
902,342
79,371
$2,532,358
53
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Public Safety
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
Police Department
Regular Salaries
Overtime Salaries
Overtime Hire Back
Overtime Court Time
Overtime Training
Overtime Extra Detail
Temporary Salaries
Holiday Pay
Longevity Pay
Contractual Professional Services
Printing, Binding and Publication
Heating
Postage
Telephone
Dues and Subscriptioms
Maintenance of Equipment
Maintenance of Buildings
Rentals
Travel Expenses
Car Allowance
Budget
$ 69,564
1,500
1,964
8OO
1,300
100
445
315
615
1,685
550
100
1,275
200
2,800
3,423
2,000
$ 88,636
$2,492,586
55,000
29,500
50,000
4,200
82,700
76,000
22,750
66,250
3,700
6,500
3,600
28,518
1,800
35,000
1,750
5,250
5,062
3OO
Actual
$ 69,636
387
8OO
878
389
49
394
1,078
564
87
69
89
2,800
3,144
5,004
$ 85,368
$2,461,817
73,074
38,819
44,735
2,282
3,667
76,985
71,240
22,150
49,76i
4,379
4,107
3,834
28,796
2,184
32,686
1,872
6,383
9,960
13
54
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Public Safety (Cont.)
Police Department (Cont.)
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
btachinery and Equipment
Building and Improvements
Furniture and Fixtures
Fire Department
Regular Salaries
Overtime Salaries
Overtime Acting Company Officer
Overtime On Call
Overtime Hire Back
Overtime Apparatus Repair
Overtime Fire Prevention
Overtime Public Education
Overtime Emergency Medical Service
Overtime Hazardous Material
Overtime FLSA
Overtime Training
Holiday Pay
Longevity Pay
Contractual Professional Services
Printing, Binding, and Publications
Heating
Postage
Telephone
Dues, Subscriptions and Memberships
Maintenance of Equipment
Maintenance of Buildings
Rentals
Travel Expense
Budget
36,000
33,510
3,400
6,000
2,000
7,600
16,300
1,500
3,500
121,909
134,122
53,511
7,500
11,108
3,408,426
1,556,792
3,600
8,400
7,800
46,200
6OO
4OO
10,300
10,900
6,000
19,500
20,800
21,000
76,286
200
3,800
400
12,000
849
17,825
5,660
2,800
2,511
55
Actual
$ 31,986
37,262
3,025
9,332
2,614
5,618
15,942
587
3,870
121,909
46,769
121,453
6,202
2,605
3,347,918
1,527,586
2,915
6,962
6,776
240,633
984
139
9,532
7,162
6,256
13,970
17,956
287
20,875
73,524
28
2,872
401
10,165
681
10,079
4,600
2,072
1,142
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Public Safety (Cont.)
Fire Department 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 Supplies
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Furniture and Fixtures
Printing
Overtime Salaries
Printing, Binding and Publications
Maintenance of Equipment
Office Supplies
Operating Supplies
Total Public Safety
Budget
$ 11,570
11,900
6OO
9 750
1 500
2 600
11 400
5 200
8 365
13 500
90 769
45 113
32 720
5 000
2,084 610
2,500
2,500
4,350
13,000
3,300
25,650
5,607,322
Highways and Streets
Development and Public Services
Administration
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual and Professional Services
Printing, Binding and Publication
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Training
Materials and Supplies
$ 73,537
4OO
11,000
80O
200
385
95O
5OO
200
56
Actual
$ 6,281
11,900
1,127
5,279
965
4,999
348
2,355
4,131
15,849
90,769
30,854
24,928
490
2,167,872
49
3,626
2,251
15,922
2,294
24,142
5,625,300
$ 75,218
88
14,610
13,880
1,223
70
357
1,767
196
575
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Administration (Cont.)
Books, Pamphlets and Materials
Computer Supplies
Equipment Replacement
Equipment Repairs
Planning and Zoning
Regular Salaries
Temporary Salaries
Longevity Pay
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
Training
Uniform Allowance
Books, Pamphlets and Materials
Operational Materials
Computer Supplies
Equipment Replacement
Equipment Repairs
Furniture and Fixtures
Automotive
Budget
$ 200
300
1,600
2,757
92,829
44,412
9,000
400
10,000
4,050
2,825
900
600
400
72,587
199,548
1,000
11,430
900
11,000
100
52O
675
5OO
1,275
1,700
6OO
100
1,300
35O
10,140
10,112
5,770
257,020
Actual
$
1,600
1,615
111,199
44,760
5,252
4OO
16,022
8,010
2,891
1,303
45O
587
79,675
201,921
2,459
19,406
90O
13,516
85O
804
120
1,131
1,249
625
77
1,539
10,140
7,344
3,592
915
266,588
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Administration
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Printing, Binding and Publications
Dues, Subscriptions and Memberships
Maintenance of Equipment
Travel Expense
Training
Office Supplies
Books, Pamphlets and Materials
Computer Supplies
Machinery and Equipment
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
Maintenance Materials - Buildings
Small Tools and Equipment
Employee Welfare
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Budget
$107,428
1,000
10,000
1,500
100
400
2,235
1,100
1,000
2OO
7O
8OO
1,600
127,433
242,158
200
24,340
8,850
12,200
3,000
40
600
7,500
17,820
2OO
1,500
6,900
100
2,000
3,500
1,000
3,200
145,312
128,905
6,300
615,625
Actual
$107,436
2,763
8,422
81
53
345
30
817
399
533
849
7,093
128,821
211,992
1,144
24,251
8,100
8,993
2,580
3,679
5,612
20,452
58
1,268
7,127
16
13
3,145
2,987
8OO
2,695
145,312
159,486
5,010
614,720
58
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Street Maintenance
Regular Salaries
Overtime Salaries
Temporary Salaries
Maintenance Materials - Buildings
Small Tools and Equipment
Operational Materials and Supplies
Machinery and Equipment
Public Works - Traffic
Regular Salaries
Overtime Salaries
Temporary Salaries
Power and Light
Maintenance of Equipment
Maintenance of Buildings
Rentals
Sign Supplies
Small Tools and Equipment
Operating Materials and Supplies
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
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
Budget
$ 65,500
8,840
9,749
17,000
1,000
4,000
3,000
109,089
40,500
3,950
2,348
90,000
41,000
15,500
4OO
10,400
3OO
800
205,198
60,215
3,100
7,579
4,000
3,000
5,000
2OO
5,400
88,494
54,060
27,055
1,690
525
9,500
40,400
1,500
134,730
Actual
$ 90,308
4,431
7,676
16,196
1,152
8,015
2,880
130,658
42,493
1,278
816
88,847
36,742
19,321
589
823
190,909
58,781
1,003
4,193
2,844
1,247
6,293
154
8,332
82,847
44,470
23,689
2,665
525
9,056
38,725
119,130
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Highways and Streets (Cont.)
Development and Public Services (Cont.)
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 - Gronnds
Regular Salaries
Overtime Salaries
Temporary Salaries
Maintenance of Buildings
Maintenance Materials - Equipment
Small Tools and Equipment
Operating Ymterials and Supplies
Buildings/Improvements to Buildings
Building Inspection
Regular Salaries
Overtime Salaries
Temporary Salaries
Longevity Pay
Contractual and Professional Services
Printing, Binding and Publication
Dues, Subscriptions and Memberships
Maintenance of Equipment
Microfilming
Travel
Training
Uniform Allowance
Books, Pamphlets and Materials
Operating Materials and Snpplles
Budget
$ 112,450
2,100
15,744
1,500
150
9OO
43,000
70
1,200
3,400
4,000
30,500
215,014
55,000
1,560
3,113
1,500
5OO
8OO
4,000
66,473
276,160
10,500
3,698
2,400
8,000
3,000
755
700
5,000
88O
2,650
8OO
45O
1,000
Actual
$ 130,376
8,553
10,646
1,831
75
217
29,758
1,700
3,039
3,550
30,460
220,205
45,906
2,288
200
286
488
2,860
52,028
271,010
8,912
7,986
2,362
5,486
618
225
970
3,844
355
1,563
6OO
536
4,394
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Building Inspection (Cont.)
Equipment Replacement
Equipment Repairs
Machinery and Equipment
Furniture and Fixtures
Automotive
Total Highways and Streets
Budget
$ 6,400
11,589
750
2,400
8,000
345,132
$2,329,624
Actual
$ 6,400
9,710
690
2,884
7,300
335,845
$2,332,625
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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 Sharing Fund
The Federal Revenue Sharing Fund provides
Sharing monies received under Title I of the
of 1972.
accountability for Federal Revenue
State and Local Fiscal Assistance Act
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.
Cable TV Fund
The Cable Television Fund is used to account for the financial activity of the
mewly created public access cable system. Any governmental body or not-for-profit
community organization will be permitted to broadcast public information or
educational progrmnming. The cable television management and staff is nnder the
direct control of the Village of Glenview Board of Trustees.
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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, 1988
Taxes
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Miscellaneous
Interest
Other
Total Revenues
Expenditures
Culture and Recreation
Excess of Revenues over Expenditures
Other Financing (Uses)
Operating Transfers (Out)
Illinois Municipal Retirement Fund
Capital Projects Fund
Excess (Deficiency) of Revenues over
Expenditures and Other Financing Uses
Budget
$1,067,852
25,000
21,000
268,471
1,382,323
1,282,765
99,558
(61,493)
(70,000)
(131,493)
(31,935)
Fund Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
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Actual
$1,094,223
17,972
45,077
23,497
236,722
1,417,491
1,201,064
216,427
(61,493)
(70,000)
(131,493)
84,934
428,758
$ 513,692
VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Culture and Recreation
Regular Salaries
Overtime Salaries
Temporary Salaries
Legal Fees
Public Information
Printing
Printing, Binding and Publication
Power and Lights
Heating
Water
Postage
Telephone and Telegraph
Dues and Subscriptions
Maintenance of Equipment
Maintenance of Copiers
Maintenance of EDP Equipment
Maintenance of Data Base
Cable TV
Maintenance of Buildings
Travel Expense
Training
Trustee Expense
Library Programs
Office Supplies
Books, Pamphlets and Materials
Periodicals
Audiovisual
Micro-Form
Video Tapes
Cataloging
Cleaning Supplies
Contingencies
Other Operating Expenses
Machinery and Equipment
Gift Fund
Health Education Fund
Administrative Support
Total Expenditures
Budget
$ 415,990
298,795
3,000
9,800
2,500
10,000
800
10 000
1 100
11 920
9 000
1 400
6 000
12 000
21,500
4,340
5,000
24,125
4,700
2,700
2,300
7,300
18,000
200,OOO
13,000
21,500
12,000
15,000
5,400
3,000
700
15,315
14,000
100,580
$1,282,765
Actual
$ 358,895
17,146
296,365
578
10,004
3,307
8,277
516
1,028
709
8,664
6,097
1,170
7,641
13,307
15,701
3,129
28,866
4,059
2,496
838
5,996
16,579
186,519
13,900
18,615
8,529
11,877
4,890
3,466
4,204
695
14,299
15,158
6,964
100,580
$1,201,064
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VILLAGE OF GLENVIEW, ILLINOIS
FEDERAL REVENUE SHARING FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Revenues
Miscellaneous
Interest Income
Budget
Expenditures
Excess of Revenues over Expenditures
~und Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 358
358
7,026
$7,384
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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, 1988
Taxes
Property Taxes - Current
Replacement Taxes
Miscellaneous
Employee Contributions
Interest
Total Revenues
Expenditures
Pension
Retirement Contributions
Other
Total Expenditures
Excess (Deficiency) of Revenues
over Expenditures
Other Financing Sources
Operating Transfers In
Library Fund
Waterworks - East Fund
Waterworks - West Fund
Sewerage Fund
Excess (Deficiency) of Revenues and Other
Financing Sources over Expenditures
Budget
$ 200,000
9,000
450,000
19,000
33,327
711,327
944,648
5,640
950,288
(238,961)
61,493
38,080
18,757
13,050
131,380
$(107,581)
Fund Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
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Actual
$ 217,103
7,477
498,253
14,915
33,327
771,075
1,107,650
5,641
1,113,291
(342,216)
61,493
38,080
18,757
13,050
131,380
(210,836)
298,914
$ 88,078
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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, 1988
Intergovernmental
Allotments
Miscellaneous
Interest
Total Revenues
Expenditures
Highways and Streets
Budget
$ 557,000
19,390
576,390
Excess of Revenues over Expenditures
Other Financing (Uses)
Operating Transfers (Out)
Capital Projects Fund
Excess (Deficiency) of Revenues
over Expenditures and Other
Financing Uses
576,390
(730,000)
$(153,610)
Fund Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 584,670
21,906
606,576
9,785
596,791
(730,000)
(133,209)
530,209
$ 397,000
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VILLAGE OF GLENVIEW, ILLINOIS
CABLE TV FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Taxes
Cable TV Franchise Tax
Miscellaneous Interest
Cablenet Programming Agreement
Other
Total Revenues
Budset
$ 2,000
40,000
42,000
Expenditures
General Government
38,496
Excess of Revenues over Expenditures
3,504
Other Financing (Uses)
Operating Transfers (Out)
Capital Projects Fund
$ 3,504
Excess of Revenues over Expenditures
and Other Financing Uses
Fund Balance
January 1
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 85,676
2,908
41,440
72,374
202,398
33,146
169,252
(102,000)
67,252
101,979
$ 169,231
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VILLAGE OF GLENVIEW, ILLINOIS
CABLE TV FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
General Government Regular Salaries
Printing, Binding and Publication
Contractual Professional Services
Postage
Telephone
Dues, Subscriptions, Memberships
Maintenance of Equipment
Rentals
Travel Expense
Training
Books, Pamphlets, Materials
Operating Materials and Supplies
Computer Supplies
Machinery and Equipment
Furniture and Fixtures
Total Expenitures
Budget
$25,842
4OO
430
400
4,074
75O
1,000
8O0
3OO
2,000
2,500
$38,496
Actual
$25,053
14
445
372
681
1,826
45
5O
1,725
110
742
2,083
$33,146
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Fund Descriptions
Waukegan 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 ~n 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 ~n the amount of $950,000 was used to construct the Village
Hall.
Library Bond Series of 1984
This issue zn the amount of $3,100,000 was used to construct an addition
to the library.
Library Bond Series of 1985
This issue in the amount of $150,000 represents the unissued portion of
the Library Bonds of 1984. The total 1984 authorization was for
$3,250,000.
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Cash and Investments
Due frcm Other Funds
Total Assets
Capital
Equitment Capital
Replacemmat Pro~ects
Totals
1988 1987
$1,031,249 $1,826,217 $2,857,466 $2,258,226
460,712 460,712 19,201
$1,491,961 $1,826,217 $3,318,178 $2,277,427
LIABILITIES A~ FUND BALANCES
Liabilities
Accounts Payable
Due to Other Funds
gttvances form Other Funds
Total Liabilities
Fund Balances
Unreserved - Undesignated
Total Liabilities and
F~nd Balances
$ 25,893 $ 25,893 $ 12,173
67,153 67,153 413,928
$ 327,851 202,495 530,346 687,045
327,851 295,541 623,392 1,113,146
1,164,110 1,530,676 2,694,786 1,164,281
$1,491,961 $1,826,217 $3,318,178 $2,277,427
See acccrapanying lxbtes to the Financial Statements.
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Intergoverrm~t al
Miscellm~eous
Total Revennss
Expenditures
Capital Oatlay
Excess (Deficiency) of
Revenues over Expenditures
Other Financing Sources (Uses)
Operating Trm~sfers In
Operating Transfers (O~t)
Contributions frcm Property O~ners
Excess (Deficiency) of P~venues a~i
Other Finan£ing Sources over
Expenditures and Other Fina~ing Uses
Ft~i Balances
Jantmry 1
Prior Pericd Adjustments
Adjusted Balances
P~sidual ~quity Tramsfers In
Rasidual Equity Transfers (Oat)
Deca~ber 31
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VIIiAgE OF GLENVIEW, ILLINOIS
CAPITAL PROOE6TS FU~M
C(I~INING ~ (~ REVENUES, EXP~qDITURES,
AND CHANGES IN FI~D ~
FOR THE YEAR ~ DECI~MR 31, 1988
Capital
Equilmmnt Capital Totals
Raplacement Projects 1988 1987
$ 322,305 $ 322,305 $ 3,238
$ 446,338 500,387 946,725 722,562
446,338 822,692 1,269,030 725,800
360,424 1,321,820 1,682,244 2,739,966
85,914 (499,128) (413,214) (2,014,166)
1,402,000 1,402,000 1,625,304
(89,850)
82,000 82,000
1,484,000 1,484,000 1,535,454
85,914 984,872 1,070,786 (478,712)
618,477 545,804 1,164,281 1,553,143
18,208 18,208 89,850
636,685 545,804 1,182,489 1,642,993
~ 441,511 441,511 148,123
(148,123)
1,078,196 545,804 1,624,000 1,642,993
$1,164,110 $1,530,676 $2,694,786 $ 1,164,281
See accompanying Notes to the Financial Statements.
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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. All activity necessary to provide such
services is accounted for in this fund including, but not limited to,
Administration (Director of Public Works), Operation, Maintenance, Financing and
related Debt Service, and Billing and Collectiom.
Waterworks - West Fund
The Waterworks - West Fund is used to account for the provision of water service to
the residents of west Glenview aud the uuincorporated area adjacent to the western
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
Billing 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 involved with, but not
limited to, the Administration (Finance Director), sale of permits and maintenance
of the commuter parking facilities within the Village.
VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1988
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1988
- East - West Sewerage Lot 1988 1987
ASSETS
Cash and Investments $ 192,422 $ 327,019 $ 249,794 $ 258,026 $ 1,027,261 $ 1,084,723
Receivables - Accounts (Net) 449,676 557,594 263,845 1,271,115 1,225,849
Advance to Other Funds 327,851 202,495 530,346 687,045
Due from Other Funds 27,893 258,172 53,468 339,533 630,693
Inventory 15,914 15,914 13,940
1,013,756 1,142,785 769,602 258,026 3,184,169 3,642,250
Fixed Assets
Cost 4,523~145 11,186,359 2,289,665 206,129 18,205,298 i7,109,901
Accumulated Depreciation (1,792,214) (2,149,845) (923,867) (105,971) (4,971,897) (4,620,003)
2,730,931 9~036,514 1,365,798 100,158 13,233,401 12,489,898
Total Assets $ 3,744,687 $10,179,299 $2,135,400 $ 358,184 $16,417,570 $16,132,148
LIABILITIES AND FUND EQUIR~f
Current Liabilities
Cash Overdrafts $ 160,373 $ 160,373 $ 397,740
Accoumts Payable 71,164 $ 52,163 $ 752 4,O12 128,091 144,991
Compensated Absences Payable 11,000 I1,000 10,141
Due to Other Funds 48,820 48,820 484,795
291,357 52,163 752 4,012 348,284 1,037,667
Long-Term Liabilities
General Obligation Bonds Payable 131,424 6~762,616 6,894,040 7,423,800
Total Liabilities 422,781 6,814,779 752 4,012 7,242,324 8,461,467
Fund Equity
Contributed Capital 18,291 18,291 18,291
Retained Earnimgs 3,303,615 3,364,520 2,134,648 354,172 9,156,955 7,652,390
Total Fund Equity 3,321,906 3,364,520 2,134,648 354,172 9,175,246 7,670,681
Total Liabilities
and Fund Equity $3,744,687 $10,179,299 $2,135,400 $ 358,184 $16,417,570 $16,132,148
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VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1988
Waterworks Waterworks
- East - West Sewerage
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Operating Revenues
Charges for Services
Water and Sewer Charges
Meter Fees
Water Connection Charges
Water Meters and Remote Reader
Parking Decals
Administrative Support Charges
Miscellaneous
Total Operating Revenues
Operating Expenses
Administration
Operations
Depreciation
Total Operating Expenses
Operating Income
Nonoperating Revenues (Expenses)
Interest Income
Interest Expemse and Fiscal Charges
Gain on Sale of Property
Income be fore Operating Transfers
Operating Transfers In
Operating Transfers (Out)
Retained Earnings
January 1
Prior Period Adjustments
Adjusted Balances
Residual Equity Transfer In
Residual Equity Transfer (Out)
December 31
Parking
Lot
Totals
1988 1987
$2,233,180 $ 2,661,867 $ 571,597 $5,466,644 $4,858,013
$ 10,634 10,634 11,109
46,221 47,289 93,510 122,634
7,773 7,773 44,819
62,866 62,866 63,899
113,578 113,578 89,772
73,064 75,012 27,789 175,865 114,282
2,473,816 2,784,168 599,386 73,500 5,930,870 5,304,528
219,235 349,456 117,053 50,000 735,744 615,737
1,625,835 987,049 149,528 21,475 2,783,887 2,542,444
82,712 234,197 34,629 357 351,895 344,840
1,927,782 1,570,702 301,210 71,832 3,871,526 3,503,021
546,034 1,213,466 298,176 1,668 2,059,344 1,801,507
7~015 6,676 3,334 9,850 26,875 38,129
(9,343) (429,696) (439,039) (459~892)
110,665
(2,328) (423,020) 3,334 9,850 (412,164) (311,098)
543,706 790,446 301,510 11,518 1,647,180 1,490,409
151,372 10,000 i61,372 128,445
(263,452) (68,757) (33,050) (60,000) (425,259) (431,982)
(263,452) 82,615 (23,050) (60,000) (263,887) (303,537)
280,254 873,061 278,460 (48,482) 1,383,293 1,186~872
2,904,447 2,491,459 1,853,827 402,654 ?,652~387 6,555,365
148,533 148,533 (89,850)
3,052,980 2,491,459 1~853,827 402,654 7,800,920 6,465,515
2,361 2,361
(29,619) (29,619)
3,023,361 2,491,459 1,856,188 402,654 7,773,662 6,465,515
$3,303,615 $ 3,364,520 $2~134,648 $354,172 $9,156,955 $7,652,387
See accompanying Notes to the Financial Statements,
VII.I~GE OF GLENVIEW, ILLINOIS
FGR T~ YEAR EF~ED DEC.Eft 31, 1988
Cash Was Provided By
Operations
Not Inccrae
Depreciation
Gain on Sale of Fixed Assets
Decrease in Current Assets
Increase in Ourremt Liabilities
Prcceeds frcm Sale of
General Obligation Eonds
Prior Period ;~tjustment
Rmsidual Equity Transfer In
Gash Was Used 2b
Fund Operations
Net (loss)
Acid Back Non-C~sh Expense
Depreciation
Increase Cturrent Assets
Increase Fixed Assets
Decrease C~rrent Liabilities
P~tire Bond Principal
Fund Prior Period ~djustments
Fund P~sidual Equity
Transfer Out
Not Increase (Decrease)
Gash and Investments
Decen~er 31
Waterworks Waterworks Parking Totals
- East - West Se~rage lot 1988 1987
$ 280,254 $ 873,061 $278,460
82,712 234,197 34,629
362,966 1,107,258
395,952 79,600
$1,431,775 $1,186,872
351,538 344,839
110,665
313,089 1,783,313 1,642,376
475,552
$ 4,012 4,012 1,348
300,000
148,533 148, 533
2,361 2,361
907,451 1,186,858 315,450 4,012 2,413,771 1,943,724
48,482 48,482
357 357
~8,125 48,125
171,728 171,728 734,524
438,208 533,683 26,711 998,602 177,800
132,619 322,815 597 456,031 172,497
32,856 496,904 529,760 476,200
89,850
29,619 29,619
633,302 1,353,402 199,036 48,125 2,233,865 1,650,871
274,149 (166,544) 116,414 (44,113) 179,906 292,853
(242,100) 493,563 133,380 302,139 686,982 394,129
$ 32,049 $ 327,019 $249,794 $258,026 $ 866,888 $ 686,982
See accc~panying Notes to the Financial Stateraents.
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET A~D ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Operating Revenues
Charges for Services
Water Charges
Water Meter Repair Charges
Water Connection Charges
Water Meters and Remote Readers
Administrative Support
Miscellaneous
Late Payment Fees
Brass Fittings
Water for Construction
Turn On Charge
Other
Total Operating Revenues
Operating Expenses Excluding Depreciation
Administration
Operations
Supply and Metering
Pumping Station
Distribution System
Overhead
Total Operating Expenses Excluding Depreciation
Operating Income before Depreciation
Depreciation
Operating Income
Nomoperating Revenues (Expenses)
Interest Income
Interest Expense and Fiscal Charges
Income before Operating Transfers
Operating Transfers In (Out)
Illinois Municipal Retirement Fund
Capital Projects Fund
Waterworks - West Fund
Retained Earnimgs
January 1
Prior Period Adjustment
Adjusted Balance
Residual Equity Transfer (Out)
December 31
See accompanying Nutes to the Financial Statements.
Budget
$1,927,800
20,000
10,000
113,578
20,000
2,500
4,000
6,000
2,104,878
206,605
976.578
112,940
173,000
211,301
1,680,424
424,454
424,454
8,000
8,000
416,454
(38,080)
(74,000)
$ 304,374
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Actual
$2,231,974
1,206
46,22i
7,773
113,578
22,712
3,428
3,301
1,915
41,708
2,473,816
219,235
1,165,108
103,154
176,163
181,410
1,845,070
628,746
(82,712)
546,034
7,015
(9,343)
(2,328)
543,706
(38,080)
(74,000)
(151,372)
(263,452)
280,254
2,904,447
148,533
3,052,980
(29,619)
3,023,36!
$3,303,615
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Administration
Contractual Professional Services
Printing, Binding and Publication
Postage
Computer Supplies
Administrative Charges - General Fund
Total Administration
Budget
$ 1,000
50
5,500
3,500
196,555
$206,605
49,000
1,560
818
20,000
890,000
4,000
11,200
~976,578
14,600
6,500
100
11,440
60,000
4,500
4,700
5,700
50
3,000
600
1,750
6,350
119,290
(6,350)
$112,940
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
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
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Pumping Station
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Actual
13,615 I
219
7,395 I
1,451
196,555
219,235 I
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45,148
785 I
102
18,681
1,087,850
4,593 t
7,949
$1,165,108 I
14,793 I
8,418
407
4,752 I
59,190
2,283
2,034
6,906 I
1,309
607 I
2,455
4,684
107,838 I
(4,684) I
$ 103,154
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - EAST FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AlqD ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Operations (Cont.)
Distribution System
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Maintenance of Equipment
Maintenance of Buildings
Rentals
Sign Supplies
Maintenance Materials - Buildings
Operating Materials and Supplies
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Distribution System
Budget
$ 94,100
17,600
3,500
5,000
5OO
17,000
300
5OO
30,500
4,000
9,000
182,000
(9,000)
$173,000
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 and Repairs
Postage
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Overhead
114,400
300
7,302
3,700
920
610
5,200
1,950
1,900
3,400
65O
3OO
4,600
6OO
2OO
65,269
3,000
214,301
(3,0O0)
$211,301
Actual
$110,960
14,381
4,139
222
7,011
45
483
35,530
3,392
8,557
184,720
(8,557)
$176,163
107,677
361
3,484
3,700
765
105
4,785
2,986
588
3,467
737
136
5,017
(1,537)
49,121
18
2,200
183,610
(2,200)
$181,410
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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 DECE~ER 31, 1988
Operating Revenues
Charges for Services
Meter Repair
Water Connection Charges
Water Meters and Remote Readers
Miscellaneous
Late Payment Fees
Brass Fittings
Water for Construction
Turn on Charges
Other
Total Operating Revenues
Operating Expemses Excluding Depreciation
Administration
Operations
Supply and ~tering
Pumping Station
Distribution System
Total Operating Expenses Excluding Depreciation
Operating Inc(~e before Depreciation
Depreciation
Operating Income
Nonoperating Revenues (Expenses)
Interest Income
Interest Expense and Fiscal Charges
Imcome before Operatimg Transfers
Operating Transfers In (Out)
Illinois Municipal Reti~ememt Fund
Capital Projects Fund
Waterworks - East Fund
Net Income
Retained Earnings
January 1
December 31
See accompaaying Notes to the Financial Statements,
Budget
$1,962,649
75,000
30,000
26,000
8,000
2,000
15,000
2,119,649
337,908
671,390
148,450
143,580
1,301,328
818,321
818,321
2,600
(449,950)
(447,350)
370,971
(18,757)
(50,000)
(68,757)
$ 302,214
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Actual
$2,660,867
290
47,639
19,202
30,961
3,342
4,157
2,179
2,784,168
349,456
749,368
124,963
112,718
1,336,505
1,447,663
234,197
1,213,466
6,676
(429,696)
790,446
(18,757)
(50,000)
151,372
82,615
873,061
2,491,459
$3,364,520
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - WEST FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Administration
Contractual Professional Services
Printing, Binding and Publications
Postage
Computer Supplies
Administrative Charges
General Fund
Waterworks Fund - East
Illinois Municipal Retirement
Other Operating Expenses
Total Administration
Budget
$ 1,000
5O
6,000
3,000
214,180
113,578
100
337,908
Operations
Supply and Metering
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Water
Maintenance of Buildings
Operating Materials and Supplies
Total Supply and Metering
$ 31,150
1,040
50O
17,000
595,000
4,000
22,700
$671,390
Pumping Station
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Power and Light
Heating
Telephone
Maintenance of Buildings
$ 13,600
5,200
100
9,150
105,000
1,500
4,200
5,500
Actual
$ 13,153
6,994
1,451
214,180
113,578
100
$349,456
24,155
567
69
12,950
693,833
1,496
16,298
$749,368
$ 8,898
6,927
114
4,717
98,274
610
3,506
495
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS - WEST FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1988
Operations (Cont.)
Pumping Station (Cont.)
Cleaning and Household Supplies
Maintenance biaterials - Equipment
Maintenance Materials - Buildings
Operating Materials and Supplies
Machinery and Equipment
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Pumping Station
Budget
$ 5O
2,600
750
80O
2,700
151,150
2,700
$148,450
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
$ 83,000
7,280
2,500
3,500
5OO
16,000
5OO
26,800
3,500
9,000
152,580
9,000
$143,580
Actual
$ 426
489
507
124,963
$124,963
$ 58,667
9,527
1,852
501
6,248
483
31,990
3,450
112,718
$112,718
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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, 1988
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 Revenue
Interest Income
Income before Operating Transfers
Operating Transfers In (Out)
Corporate Fund
Illinois Municipal Retirement Fund
Capital Projects Fund
Net Income
Retained Earnings
January 1
Residual Equity Transfer In
Budget
$486,200
486,200
100,580
20,675
124,486
245,741
240,459
34,629
205,830
1,700
207,530
(13,050)
(20,000)
$174,480
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 571,597
27,789
599,386
117,053
11,046
138,482
266,581
332,805
34,629
298,176
3,334
301,510
10,000
(13,050)
(2O,OOO)
(23,050)
278,460
1,853,827
2,361
1,856,188
$2,134,648
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VILLAGE OF GLENVIEW, ILLINOIS
SEWERAGE FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Administration
Contractual Professional Services
Printing, Binding and Publications
Postage
Office Supplies
Compnter Supplies
Bank Charges
Administrative Charges - General Fund
Public Works
Equipment Replacement
Equipment Repairs
Other
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
$ 1,500
100
2,000
150
1,500
57,605
20,000
9,000
8,725
$100,580
$ 9,300
475
3OO
5,000
3,000
1,600
1,000
$ 20,675
Collection System
Regular Salaries
Overtime Salaries
Temporary Salaries
Contractual Professional Services
Maintenance of Equipment
Maintenance of Buildings
Rentals
Maintenance Materials
Small Tools and Equipment
Operational Materials and Supplies
Improvements Other than Building
Machinery and Equipment
Training
Less Nonoperating Expenses
Fixed Assets Capitalized
Total Collection System
$ 72,600
2,080
2,846
25 000
5OO
7 500
60
3 000
5O0
10 000
26 200
4OO
150 %%-6
26,200
$124,486
Actual
$ 1,833
123
6
2
57,605
20,000
9,000
16,230
2,254
$107,053
$ 7,822
916
31
1,327
95O
$ 11,046
$ 64,607
3,756
2,032
28,376
297
5,814
180
2,241
1,546
14,222
14,885
17,086
150
155,192
(16,710)
$138,482
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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, 1988
Operating Revenues
Charges for Services
Meter Fees
Parking Decals
Total Operating Revenues
Budget
$10,700
60,000
70,700
50,000
22,450
72,450
(1,750)
8,000
$ 6,250
Operating Expenses
Administration
Operations
Depreciation and Amortization
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues
Interest Income
Income Before Operating Transfers
Operating Transfers (Out)
Capital Projects Fund
Net Income (Loss)
Retained Earnings
January 1
December 31
See accompanying Notes to the Financial Statements.
Actual
$ 10,634
62,866
73,500
50,000
21,475
357
71,832
1,668
9,850
11,518
(60,000)
(48,482)
402,654
$354,172
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VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Administration
Administration - Corporate Fund
Budget
$5O,OOO
Operations
Contractual Professional Services
Printing, Binding and Publications
Power and Light
Postage
Rentals
Maintenance Materials
Operational Materials
Total Operations
$ 700
500
1,700
250
15,000
300
4,000
$22,450
Actual
$50,000
$ 1,593
243
17,659
1,980
$21,475
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VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
SCHEDULE OF FIXED ASSETS AND DEPRECIATION
FOR THE YEAR ENDED DECEMBER 31, 1988
ASSETS
Leasehold Improvements
Machinery and Equipment
ACCUMULATED DEPRECIATION/
AMORTIZATION
Leasehold Improvements
Machinery and Equipment
Net Asset Value
Balances
January 1
$106,514
2,820
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Additions Retirements December 31
$203,309
2,820
$96,795
109,334' $96,795 - 206,129
$104,909
705
$ 75 $104,984
282 987
$ 357 - 105,971
$100,158
105,614
$ 3,720
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VILLAGE OF GLENVIEW, ILLINOIS
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1988
ASSETS
Current Assets
Cash and Investments
Receivables - Accounts
Total Assets
Municipal
Equipment
Repair
$125,831
2,980
$128,811
Totals
LIABILITIES AND
FUND EQUITY
Current Liabilities
Accounts Payable
Fund Equity
Retained Earnings
Total Liabilities and
Fund Equity
Insurance 1988 1987
$130,989 $256,820 $78,530
2,980 5,719
$130,989 $259,800 $84,249
See accompanying Notes to the Financial Statements.
$ 4,612 $ 17,029 $ 21,641 $ 1,004
124,199 113,960 238,159 83,245
$128,811 $130,989 $259,800 $84,249
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VILLAGE OF GLENVIEW, ILLINOIS
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES,
EXPENSES AND CHANGES IN RETAINED EARNINGS
DECEMBER 31, 1988
Operating Revenues
Charges for Services
Miscellaneous
Total Operating Revenues
Municipal
Equipment
Replacement Insurance
1988
Totals
$408,486 $408,486
9,284 $130,091 139,375
417,770 130,091 547,861
Operating Expenses
Operations
380,084 17,029 397,113
Operating Income (Loss)
37,686 113,062 150,748
Nonoperating Revenues
Interest Income
3,268 898 4,166
Net Income (Loss)
40,954 113,960 154,914
Retained Earnings
January 1
December 31
83,245 - 83,245
$124,199 $113,960 $238,159
See accompanying Notes to the Financial Statements.
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1987
$369,880
11,229
381,109
398,306
(17,197)
3,485
(13,712)
96,957
$ 83,245
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1988
Cash Was Provided By
Operations
Net Income
Decrease in Current Assets
Increase in Current Liabilities
Cash Was Used To
Fund Operations
Net Loss
Municipal
Equipment
Replacement Insurance
Totals
1988 1987
$ 40,954 $113,960 $154,914
2,739 2,739 $ 1,100
3,608 17,029 20,637 745
47,301 130,989 178,290 1,845
- 13,712
Net Increase (Decrease)
47,301 130,989 178,290 (11,867)
Cash and Investments
January 1
December 31
78,530 78,530 90,397
$125,831 $130,989 $256,820 $ 78,530
See accompanying Notes to the Financial Statements.
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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, 1988
Operating Revenues
Charges for Services
Miscellaneous
Total Operating Revenues
Operating Expenses
Operations
Operating Income (Loss)
Nonoperating Revenues
Interest Income
Net Income (Loss)
Retained Earnings January 1
December 31
1988 1987
Budget Actual Actual
$424,802 $408,486 $369,880
9,284 11,229
424,802 417,770 381,109
418,763 380,084 398,306
6,039 37,686 (17,197)
3,500 3,268 3,485
$ 9,539 40,954 (13,712)
83,245 96,957
$124,199 $ 83,245
See accompanying Notes to the Financial Statements.
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Operations
VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1988
Budget
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 Operations
$129,383
4,160
6,422
1,300
5,000
25,200
3,000
3,100
120,000
26,500
2,500
75,000
2,500
3,000
3,900
7,798
6,500
425,263
6,500
$418,763
Actual
$113,649
5,039
3,433
1,300
5,725
18,801
2,235
2,326
94,358
28,628
2,915
73,999
1,655
3,883
3,900
11,538
6,700
380,084
$380,084
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VILLAGE OF GLENVIEW, ILLINOIS
INSURANCE FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1988
Operating Revenues
Miscellaneous
Returned Premiums
Operating Expenses
Operations
Workers Compensation Insurance
Operating Income
Nonoperating Revenues
Interest Income
Net Income
Retained Earnings
January 1
December 31
Totals
1988 1987
$130,091 -
17,029
113,062 -
898
113,960
$113,960 -
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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 ~iremen'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 Fund
The Deferred Compensation Plan Fund is used to account
by the Village for certain Village employees. The
available to employees upon termination or retirement.
for salary deductions held
Deferred Compensation is
Special Service Area Funds
These funds account for various special service area bond issues.
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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, 1988
Miscellaneous
Interest Income
Other
Total Revenues
Expenditures
General Government
Contractual Services
Escrow Totals
Deposit Deposit 1988 1987
$ 290,650 $2,100 $ 292,750 $ 256,915
3,704 3,704 228,690
290,650 5,804 296,454 485,605
- 3,759 3,759 3,477
Excess of Revenues over Expenditures 290,650 2,045 292,695 482,128
Other Financing (Uses)
Operating Transfers (Out)
Corporate Fund
Capital Projects Fund
(290,650) (290,650) (255,426)
(226,146)
(290,650) (290,650) (481,572)
Excess of Revenues over Expenditures
and Other Financing Uses
2,045 2,045 556
Fund Balances
January 1
December 31
2,831 2,831 2,275
$4,876 $ 4,876 $ 2,831
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,
AlqD CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1988
Operating Revenues
Taxes
Property Taxes
Replacement Taxes
Foreign Fire Insurance Tax
Contributions - Employees'
Miscellaneous
Interest Income
Gain on Sale of Investments
Other
Total Operating
Revenues
Operating Expenses
Pensions and Refunds
Miscellaneous
Loss on Sale of Investment
Other
Total Operating
Expenses
Police Firemen's Totals
Pension Pension 1988 1987
$ 456,182 $ 248,191 $ 704,373 $ 739,490
15,720 8,522 24,242 25,144
31,464 31,464
188,015 120,661 308,676 285,350
630,578 518,456 1,149,034 1,550,060
352,187
20,968 14,424 35,392 69,697
1,311,463 941,718 2,253,181 3,021,928
330,573 93,679 424,252 400,224
59,382 15,111 74,493 44,125
54,600 5,248 59,848 5,242
444,555 114,038 558,593 449,591
866,908 827,680 1,694,588 2,572,337
8,223,642 7,114,349 15,337,991 12,765,654
(151,084) (171,528) (322,612) -
8,072,558 6,942,821 15,015,379 12,765,654
$8,939,466 $7,770,501 $16,709,967 $15,337,991
Net Income
Fund Balances
January 1
Prior Period Adjustment
Adjusted Balances
December 31
See accompanying Notes to the Financial Statments.
VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
PENSION TRUST FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1988
Cash Was Provided By
Operations
Net Income
Decrease in Current Assets
Increase in Current
Liabilities
Cash Was Used To
Increase Current Assets
From Prior Period Adjustment
Cash and Investments
January 1
December 31
Police Firemen's Totals
Pension Pension 1988 1987
$ 866,908 $ 827,680 $ 1,694,588 $ 2,572,337
63,319 264,763 328,082 78,976
10,313 10,313
940,540 1,092,443 2,032,983 2,651,313
114,732
151,084 171,528 322,612
151,084 171,528 322,612 114,732
789,456 920,915 1,710,371 2,536,581
7,694,599 6,591,759 14,286,358 11,749,777
$8,484,055 $7,512,674 $15,996,729 $14,286,358
See accompanying Notes to the Financial Statements.
101 ~
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Ail Funds
VILLAGE OF GLENVIEW, ILLINOIS
AGENCY FUNDS
COMBINING STATEMENT OF C~ANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED DECEMBER 31, 1988
102
ASSETS
Balance Balance
January I Additions Deletions December 31
Assets held by ~gents for
Deferred Compensation
Plan (Market Value) $2,806,643 $769,540 $84,957
Cash and Investments 9,458 9,458
Due from Other Funds 3,226
Receivables - Property Taxes 34,669 5,770
$2,850,770 $778,536 $94,415
LIABILITIES
Due to Participants $2,806,643 $769,540 $84~957
Cash Overdrafts 8,254 8,254
Deferred Revenues 34,669 5~770
Due to Rondholders 1,204 2,231 209
$2,850,770 $777,541 $93,420
Deferred Compensation
Plan Fund
ASSETS
Assets held by Agents for
Deferred Compensation
Plan (Market Value) $2,806,643 $769,540 $84,957
LIABILITIES
Due to Participants $2,806,643 $769,540 $84,957
Special Service
Areas Fund
ASSETS
Cash and Investments $ 9,458 $ 9,458
Receivables - Property Taxes 34,669 $ 5,770
Due from Other Funds 3,226
Total Assets $ 44,127 $ 8,996 $ 9,458
Cash Overdrafts $ 8,254 $ 8,254
Deferred Revenues 34,669 $ 5,770
Due to Bondholders 1,204 2~231 209
Total Liabilities $ 44,127 $ 8,001 $ 8,463
$3,491,226
3,226
40,439
See accompanying Notes to the Financial Statements,
$3,534,891
$3,491,226
40,439
3,226
$3,534,891
$3,491,226
$3,491,226
40,439
3,226
43,665
40,439
3,226
43,665
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, 1988
Operating Revenues
Taxes
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Contributions - Employees'
Miscellaneous
Imterest Income
Other
Total Operating Revenues
Operating Expenses
Pensions and Refunds
Miscellaneous
Loss on Sale of Investments
Other
Total Operating Expenses
Budget
464,000
10,000
159,000
490,800
20,968
1,144,768
327,120
1,700
328,820
$ 815,948
Net Income
Fund Balance
January !
Prior Period Adjustment
Adjusted Balance
December 31
See accompanying Notes to the Financial Statements.
103
Actual
445,257
10,925
15,720
188,015
630,578
20,968
1,311,463
330,573
59,382
54,600
444,555
866,908
8,223,642
(151,084)
8,072,558
$8,939,466
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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, 1988
Operating Revenues
Taxes
Property Taxes - Current
Property Taxes - Prior
Replacement Taxes
Foreign Fire Insurance Tax
Contributions - Employees'
Miscellaneous
Interest Income
Other
Total Operating Revenues
Operating Expenses
Pensions and Refunds
Miscellaneous
Loss on Sale of Investments
Other
Total Operating Expenses
Budget
$277,000
8,000
22,000
114,000
417,000
14,424
852,424
93,920
775
94,695
$757,729
Net Income
Fund Balance
January 1
Prior Period Adjustment
Adjusted Balance
December 31
See accompanying Notes to the Financial Statements.
104
Actual
$ 241,381
6,810
8,522
31,464
120,661
518,456
14,424
941,718
93,679
15,111
5,248
114,038
827,680
7,114,349
(171,528)
6,942,821
$7,770,501
VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE
DECEMBER 31, 1988
GENERAL FIXED ASSETS
Land
Buildings and Improvements
Equipment
Furniture
Office Equipment
1988
1,981,758
11,770,290
5,311,109
537,117
301,010
$19,901,284
INVESTMENT IN GENERAL
FIXED ASSETS
General Revenues
Bond Issues
$14,447,392
5,453,892
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1987
$ 1,981,758
11,770,290
4,800,332
538,217
321,510
$19,412,107
$13,958,215
5,453,892
$19,901,284 $19,412,107
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
DECEMBER 31, 1988
Function and Activity
General Government
Executive
Administrative
Finance
Building and Grounds
Total General Government
January 1 Additions Deletions December 31
64,166
1,501,110 $ 3,700
657,583 885
139,799 66,700
2,362,658 71,285
Public Safety
Police
Fire
Total Public Safety
2,668,321 127,689
2,085,165 60,720
4,753,486 188,409
Public Works
Administration
Building Division
Engineering
Street Division
Equipment and Supplies
Division
Total Public Works
$ 6,450 $ 57,716
1,504,810
21,600 636,868
1,035 205,464
29,085 2,404,858
36~000 2,760,010
2,145,885
36,000 4,905,895
2,009,975 7,900 4,000 2,013,875
844,509 8,000 23,450 829,059
324,943 25,538 6,300 344,181
3,121,109 211,533 5,750 3,326,892
Culture and Recreation
Administration
756,105
7,056,641
5,239,322
$19,412,107
81,097 837,202
334,068 39,500 7,351,209
5,239,322
$593,762 $104,585 $19,901,284
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108
Available for Debt Service
A~ounts to be Provided for
P~tire~ent of Long-Term Debt
Mmlcipal
Police Building Library
Adminis trat ion Bond Bond
Building Bond Series Series
Series of 1972 of 1979 of 1984
1988 1987
$100,000 $300,000 $ 58,625 $ 458,625 $ 481,354
$i00,000
$100,000
2,416,375 2,416,375 2,818,646
$300,000 $2,475,000 $2,875,000 $3,300,000
DEBT PAYABLE
General ~oligation Bonds Payable
$300,000 $2,475,000 $2,875,000 $3,300,000
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VILLAGE OF GLENVIEW, ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
REQUIRED SUPPLEMENTARY INFORMATION
ANALYSIS OF FUNDING PROGRESS
DECEMBER 31, 1988
(1) (4)
Net Assets Unfunded
Available (2) (3) Pension (5)
for Benefits Pension Percentage Benefit Annual
Fiscal (Lower of Cost Benefit Funded Obligation Covered
Year or Market) Obligation (i) * (2) (2) - (1) Payroll
(6)
Unfunded Pension
Benefit Obligation
as a Percentage
of Covered Payroll
(4) * (5)
1987 $2,930,396 $4,635,234 63.2% $1,704,838 $3,705,506 46.0%
1988 $2,933,046 $5,050,499 58.1% $2,117,453 $4,005,547 52.9%
(During the implementation transition period all information required is
presented for as many years as is available.)
Analysis of the dollar amounts of net assets available for benefits, pension
benefit obligation, and unfunded pension benefit obligation in isolation can be
misleading. Expressing the net assets available for benefits as a percentage of
the pension benefit obligation provides one indication of funding status on a
going-concern basis. Analysis of this percentage over time indicates whether the
system is becoming financially stronger or weaker. Generally, the greater this
percentage, the stronger the PERS. Trends in unfunded pension benefit obligation
and annual covered payroll are both affected by inflation. Expressing the unfunded
pension benefit obligation as a percentage of annual covered payroll approximately
adjusts for the effects of inflation and aids analysis of progress made in
accumulating sufficient assets to pay benefits when due. Generally, the smaller
this percentage, the stronger the PERS.
110
VILLAGE OF GLENVIEW, ILLINOIS
POLICE PENSION FUND
REQUIRED SUPPLEMENTARY INFORMATION
ANALYSIS OF FUNDING PROGRESS
DECEMBER 31, 1988
(1) (4) (6)
Net Assets Unfunded Unfunded Pension
Available (2) (3) Pension (5) Benefit Obligation
for Benefits Pension Percentage Benefit Annual as a Percentage
Fiscal (Lower of Cost Benefit Funded Obligation Covered of Covered Payroll
Year or Market) Obligation (1) * (2) (2) - (1) Payroll (4) ¢ (5)
· 1979 $1,401,099 $2,629,018 53.3% $1,227,919 $ 624,764 196.5%
1980 1,853,458 5,114,400 36.2 3,260,942 1,257,153 259.4
1981 2,232,582 5,482,956 40.7 3,250,374 1,269,927 255.9
1982 2,695,528 6,120,581 44.0 3,425,053 1,517,151 225.7
1983 2,930,685 7,065,367 41.5 4,134,682 1,618,230 255.5
1984 3,610,426 8,059,323 44.7 4,448,897 1,686,606 263.7
1985 4,789,889 8,398,321 57.0 3,608,432 1,806,170 199.7
1986 5,723,428 9,282,882 61.6 3,559,454 1,888,303 188.5
1987 8,223,642 7,999,650 102.8 (223,992) 2,040,100 (10.98)
1988 8,949,779 7,920,498 113.0 (1,029,281) 2,089,055 (49.27)
* Fiscal Year 1979 reflects operations for eight months due to change in fiscal year
from April 30 to December 31.
Analysis of the dollar amounts of net assets available for benefits, pension
benefit obligation, and unfunded pension benefit obligation in isolation can be
misleading. Expressing the net assets available for benefits as a percentage of
the pension benefit obligation provides one indication of funding status on a
going-concern basis. Analysis of this percentage over time indicates whether the
system is becoming financially stronger or weaker. Generally, the greater this
percentage, the stronger the PERS. Trends in unfunded pension benefit obligation
and annual covered payroll are both affected by inflation. Expressing the unfunded
pension benefit obligation as a percentage of annual covered payroll approximately
adjusts for the effects of inflation and aids analysis of progress made in
accumulating sufficient assets to pay benefits when due. Generally, the smaller
this percentage, the stronger the PERS.
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VILLAGE OF GLENVIEW, ILLINOIS
FIREMEN'S PENSION FUND
REQUIRED SUPPLEMENTARY INFORMATION
ANALYSIS OF FUNDING PROGRESS
DECEMBER 31, 1988
(1) (4) (6)
Net Assets Unfunded Unfunded Pension
Available (2) (3) Pension (5) Benefit Obligation
for Benefits Pension Percentage Benefit Annual as a Percentage
Fiscal (Lower of Cost Benefit Funded Obligation Covered of Covered Payroll
Year or Market) Obligation (1) * (2) (2) - (1) Payroll (4) * (5)
· 1979 $ 990,085 $2,098,445 47.1% $1,108,360 $ 471,510 235.0%
1980 1,005,466 2,296,401 43.8 1~290,935 941,213 137.1
1981 1,531,988 3,161,060 48.4 1,629,072 987,432 164.9
1982 1,987,196 3,041,460 65.3 1,054,264 1,081,135 97.5
1983 2,297,281 3,648,777 62.9 1,351,496 1,155,110 117.0
1984 2,959,512 4,230,709 69.9 1,271,197 1,188,723 106.9
1985 3,524,611 4,646,789 75.8 1,122,178 1,235,342 90.8
1986 4,706,877 5,479,110 85.9 772,233 1,276,426 60.5
1987 7,114,349 5,993,554 118.7 (1,120,795) 1,285,510 (87.21)
1988 7,770,501 5,891,304 131.9 (1,879,197) 1,304,443 (144.06)
Fiscal Year 1979 reflects operations for eight months due to change in fiscal year
from April 30 to December 31.
Analysis of the dollar amounts of net assets available for benefits, pension
benefit obligation, and unfunded pension benefit obligation in isolation can be
misleading. Expressing the net assets available for benefits as a percentage of
the pension benefit obligation provides one indication of funding status on a
going-concern basis. Analysis of this percentage over time indicates whether the
system is becoming financially stronger or weaker. Generally, the greater this
percentage, the stronger the PERS. Trends in unfunded pension benefit obligation
and annual covered payroll are both affected by inflation. Expressing the unfunded
pension benefit obligation as a percentage of annual covered payroll approximately
adjusts for the effects of inflation and aids analysis of progress made in
accumulating sufficient assets to pay benefits when due. Generally, the smaller
this percentage, the stronger the PERS.
Fiscal
Year
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
VILLAGE OF GLENVIEW, ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
REQUIRED SUPPLEMENTARY INFORMATION
REVENUES BY SOURCE
DECEMBER 31, 1988
Employee
Contributions
$ 94,817
99,298
107 398
112 057
117 483
125 629
141 537
152 811
166 751
180 252
Revenues by Source
Employer
Contributions
$136 747
143 209
154~414
161 113
168~914
181 184
204 127
245 516
259 384
280 388
Totals
$231 564
242507
261812
273170
286397
306 813
345664
371327
426 135
460640
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Fiscal
Year
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
Fiscal
Year
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
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VILLAGE OF GLENVIEW, ILLINOIS
POLICE PENSION FUND
REQUIRED SUPPLEMENTARY INFORMATION
REVENUES BY SOURCE AND EXPENSES BY TYPE
DECEMBER 31, 1988
Employee
Contributions
Revenues by Source
Employer Investment
Contributions Income
Totals
$ 51,543
103 715
104.769
125 165
133504
139 145
149 009
155 785
173 746
188 015
$178,667
250310
329.621
334404
441.505
495023
577.336
530381
474.199
471.902
$ 47,539
191,143
231 609
283 663
345 171
406 152
465 639
835 810
805 820
651 546
$ 277,749
545,168
665,999
743,232
920,180
1,040,320
1,191,984
1,521,976
1,453,765
1,311,463
Employer
Contributions
as a Percentage
of Covered
Payroll
28.60%
19.91
25.96
22.04
27.28
29.35
31.96
28.09
23.24
22.59
Benefits
Expenses by Type
Administrative Refunds
Expenses and Other
Totals
$ 80,869
122078
146947
196.623
238.965
264.787
257.364
290.240
305476
330.573
- $ 10,366
$ 5,726
15,284
2,105 -
1,475
805 -
1,083
15,203 -
4,384 11,312
1,002 112,980
91,235
127804
162231
198 728
240 440
265 592
258 447
305 443
321 172
444 555
Fiscal
Year
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
Fiscal
Year
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
Employee
Contributions
$ 36,542
72,944
76,526
83,788
89,521
92,126
95,739
98,923
111,604
120,661
VILLAGE OF GLENVIEW, ILLINOIS
FIREMEN'S PENSION FUND
REQUIRED SUPPLEMENTARY INFORMATION
REVENUES BY SOURCE AND EXPENSES BY TYPE
DECEMBER 31, 1988
Revenues by Source
Employer Investment
Contributions Income
$144
196
250
254
327
336
338
342
290
288
429
431
401
649
516
739
605
227
435
177
29,727
131.956
184~253
220.930
276~688
347.834
418~232
772.208
843.509
532.880
Totals
$ 210
401
511
559
693
776
852
1,213
1,245
941
Employer
Contributions
as a Percentage
of Covered
Payroll
698 30.63%
331 20.87
180 25.35
367 23.55
725 28.54
699 28.33
576 27.41
358 26.81
548 22.59
718 22.09
Benefits
Expenses by Type
Administrative Refunds
Expenses and Other
Totals
$ 22,191
32,501
30,932
30,931
30,270
62,397
65,564
93,919
94,748
93,679
$ 966
7,221
25
680
1,225
625
2,236
625
858
8O8
$ 13,285
32,813
19,551
36,442
39,722
30,957
31,611
31,495
63,022
67,800
94,544
128,419
114,038
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F~nd
General
Corporate
Special Revenue
Library
Federal Ravemue
~naring
Illinois M~nicipal
Retirement
M~tor Fuel Tax
Cable TV
Debt Service
Debt Service
Capital Projects
Capital Equitmmnt
Replac~nent
Capital Projects
Eaterprise
~terworks - East
Water~orks - kest
Se~rage
C~ter Parkipg lot
Internal Service
Mmnicipal Eqoi~ment
Repair
T~ust and ~gency
Escrow Deposit
Deposit
Police Pension
Firemen' s Pension
Special Service Areas
V~ OF GLENVIEW, I]iLINOIS
115
DEC~VMER 31, 1988
Cash
Cash with
on Fi scal Demand
Hand Agents Deposits
$2,871 - $1,831,416
Certificates Government Totals
of Deposit Securities 1988 1987
$ 400,000 $ 2,234,287 $ 2,069,241
488,517 488,817 424,025
7,384 7,384 7,026
137,686 137,686 318,887
146,649 238,651 385,300 471,378
11,639 11,639 60,063
300 - 791,875 238,651 - 1,030,826 1,281,379
$225,000 703,056 - 928,056 653,741
197,672 833,577 1,031,249 793,121
36,948 1,789,269 1,826,217 1,465,105
234,620 2,622,846 - 2,857,466 2,258,226
32,049 32,049 (242,099)
327,019 327,019 493,563
249,794 249,794 133,380
76,976 181,050 258,026 302,139
685,838 181,050 - 866,888 686,983
125,831 125,831 , 78,530
130,989 130,989
- 256,820 - - 256,820 78,530
(471,950) 4,948,044 4,476,094 3,892,934
46,045 46,045 35,010
198,733 325,925 $ 7,959,397 8,484,055 7,694,599
268,064 132,241 7,112,369 7,512,674 6,591,759
1,204
40,892 5,406,210 15,071,766 20,518,868 18,215,506
$3,171 $225,000 $4,544,517 $8,848,757 $15,071,766 $28,693,211 $25,243,606
VILLAGE OF GLENVIEW, ILLINOIS
SCHEDULE OF INSURANCE IN FORCE
DECEMBER 31, 1988
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
$1,000,000
$ 250,000
Insuring Company
Optimum
INA
Continental National -
Ben Franklin
International
Granite State
Home Insurance
Kemper
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
POLICE ADMINISTRATION BUILDING BOND SERIES OF 1972
DECEMBER 31, 1988
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 1 and January 1
January 1
Northern Trust
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond Tax Levy Interest Due on
Year Year Numbers Principal Interest Totals July 1 Amount Jan. 1 Amount
1989 1988 261-280 $100,000 $4,900 $104,900 1989 $2,450 1990 $2,450
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
MUNICIPAL BUILDING BOND SERIES OF 1979
DECEMBER 31, 1988
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
Tax
Fiscal Levy Bond
Year Year Numbers
Tax Levy Interest Due on
Principal Interest Totals July 1 Amount Jan. 1 Amount
1989 1988 131-160
1990 1989 161-190
$150,000 $16,350 $166,350 1989 $ 8,175 1990 $ 8,175
150,000 8,250 158,250 1990 4,125 1991 4,125
$300,000 $24,600 $324,600 $12,300 $12,300
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Date of Issue
Date of Maturity
Authorized Issue
Denmination of Bor~s
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
Tax
Fiscal Levy Bo,~
Year Year Numbers
V~.~A6~ OF GL~NVI5~, ILLINOIS
LONG-'r~ DEBT ~
LIBRARY BO~D SERIES OF 1984
DECMMBER 31, 1988
119
July 1, 1984
December I, 1997
$3,100,000
$5,000
1986-1988 - 9.90%
1989 - 8.50%
1990 - 8.60%
1991 - 8.90%
1992 - 9.10%
June 1 and December 1
Dec~nber 1
Citibank
1993- 9.25%
1994- 9.50%
1995- 9.75%
1996- 9.90
1997- 10.00%
CURR~ AbD FUTURE PRINCIPAL Ab~ INrP~,EST ~
Tax ~
Principal Interest Totals
1989 1988 126-180 $ 275,000 $ 229,625
1990 1989 181-235 275,000 206,250
1991 1990 236-290 275,000 182,600
1992 1991 291-345 275,000 158,125
1993 1992 346-400 275,000 133,100
1994 1993 401-455 275,000 107,662
1995 1994 456-510 275,000 81,538
1996 1995 511-565 275,000 54,725
1997 1996 566-620 275,000 27,500
$ 50~ 625
481 250
457 600
433 125
408 100
382 662
356 538
329,725
302,500
Interest Due on
Jume 1 ~nount Dec. 1 k~ount
1989 $114,812 1989 $114,813
1990 103,125 1990 103,125
1991 91,300 1991 91,300
1992 79,062 1992 79,063
1993 66,550 1993 66,550
1994 53,831 1994 · 53,831
1995 40,769 1995 40,769
1996 27,362 1996 27,363
1997 13,750 1997 13,750
$2,475,000 $1,181,125 $3,656,125 $590,561 $590,564
CORPORATE PURPOSE ~ SERIES OF 1977
DECMMBER 31, 1988
Date of Issue
Date of Maturity
Authorized Issue
~tual Issue
Denomination of Bonds
Interest Rates
Interest Dates
Payable at
Principal Maturity Date
July 1, 1977
January 1, 1998
$4,525,000
$4,525,000
$5,000
Bonds 1 to 235-6.0%
Bonds 236 to 320-4.6%
Bo~s 321 to 365-4.7%
Bonds 366 to 415-4.8%
Bonds 416 to 465-4.9%
Bonds 466 to 905-5.0%
Jarmary I and July 1
An~rican National Bank
& Trust C~npany of Chicago
Janoary 1
Ended Bond
Dec. 31 Nunber s
Rmquir ~nent s
Principal Interest Totals
Interest Due on
July 1 Anount Jan. 1 Anount
1989 366-415 $ 250
1990 416-465 250
1991 466-520 275
1992 521-575 275
1993 576-635 300
1994 636-695 300
1995 696-760 325
1996 761-830 350
1997 831-905 375
000 $134,250 $ 384,250
COO 122,250 372,250
000 110,000 385,000
COO 96,250 371,250
000 82,500 382,500
OOO 67,500 367,500
000 52,500 377,500
0CO 36,250 386,250
COO 18,750 393,750
$2,700,000 $720,250 $3,420,250
Note: The principal a~ interest will be paid by Waterworks Fund - West.
1989 $ 67,125 1990 $ 67,125
1990 61,125 1991 61,125
1991 55,000 1992 55,000
1992 48,125 1993 48,125
1993 41,250 1994 41,250
19% 33,750 1995 33,750
1995 26,250 1996 26,250
1996 18,125 1997 18,125
1997 9,375 1998 9,375
$360,125 $360,125
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121
VILLAGE OF GLO'VIE'W, ILLINOIS
iONG-~RM DEBT RF~
CO~ PU~RR)SE ~ S~RIES OF 1979
DEC~MER 31, 1988
Date of Issue
Date of Materity
Authorized Issue
Actual Issue
Denc~ination of Bonds
Interest Rates
Interest Dates
Payable at
Principal Maturity
Date
October 1, 1979
January 1, 2000
$5,700,000
$5,700,000
$5,000
Bonds 1 to 400-7.5%
BOn~s 401 to 455-6.75%
Bonds 456 to 645-6.5%
~onds 646 to 790-6.6%
Bonds 791 to 955-6.7%
Bonds 956 to 1140-6.0%
January 1 and July 1
Gler~iew State Bank
Jmry 1
Ended Bond
Dec. 31 N~bers
~ A~ FbTd~ PPJ~CIPAL AI~ INi~REST REQUII~
~quirement s
Principal Interest
Totals
Interest ~ on
July 1 ~mount Jan. 1 ~mount
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 i00,438
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 ~O0,000 110,775 510,775 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
$3,975,000 $1,672,401 $5,647,401 $836,197 $836,204
Note: The principal ami interest will be paid by Water~rks Fund - West.
Date of Issue
Date of Maturity
Amount of Contract
Interest Rates
Interest Dates
Payable to
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1987
DECEMBER 31, 1988
June 15, 1987
June 15, 1992
$300,000
5.95%
December 15 and June 15
Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REOUIREMENTS
Year
Ended
December 31
1989
1990
1991
1992
Requirements
Principal Interest Totals
$ 58,067 $ 12,182 $ 70,249
61,574 8,675 70,249
65,291 4,957 70,248
34,108 1,015 35,123
$219,040 $26,829 $245,869
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VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1988
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
DECEMBER 31, 1988
(See Following Page)
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VILLAGE OF GLENVIEW, ILLINOIS
SCHEDULE OF LEGAL DEBT MARGIN
DECEMBER 31, 1988
There is no legal debt limit for home rule municipalities in Illinois.
130
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 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, {~71) 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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O0
VILLAGE OF GLENVIEW, ILLINOIS
SCHEDULE OF REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
DECEMBER 31, 1988
WATERWORKS FUND - EAST
132
(1)
Direct Net Revenue (2)
Fiscal Operating Operating Available for Debt Service Requirements
Year Revenues Expenses Debt Service Principal Interest Total Coverage
* 1979 $ 776,744 $ 798,449 $ (21,705) $ 40,000 $58,722 $ 98,722 -
1980 1,605,601 1,357,730 245,871 90,000 30,093 120,093 2.04
1981 1,123,909 1,023,462 100,447 95,000 26,590 121~590 .83
1982 1,272,393 1,523,555 (251,162) 105,000 22,735 i27,735
1983 1,459,941 1,418,467 41,474 105,000 18,565 I23,565 .33
1984 1,710,235 1,514,460 195,775 350,000 31,854 381,854 .52
1985 1,995,056 1,586,132 408,924 50,000 2~450 52,450 7.80
1986 1,965,257 1,421,406 543,851 -
1987 2,116,411 1,607,156 509~255 15,720 5,355 21,O75 24.16
1988 2,473,816 1,845,070 628,746 32,850 9,343 42,193 14.90
WATERWORKS FUND - WEST
Direct Net Revenue (3) (2)
Fiscal Operating Operating Available for Debt Service Requirements
Year Revenues Expenses Debt Service Principal Interest Total Coverage
* 1979 $ 961,991 $ 597,372 $ 364,619 $150,000 $225,875 $375,875 .97
1980 1,790,601 927,772 862,829 250,000 614,812 864,812 1.00
1981 1,795,742 947,367 848,375 325,000 612,088 937,088 1.01
1982 1,715,495 1,135,978 579,517 350,000 576,180 926,180 ~63
1983 1~920,972 1,036,293 884,679 350,000 552,562 902,562 .98
1984 2,056,573 1,028,158 1,028~415 375,000 529,578 904~578 1.14
1985 2,207,923 1,032~363 1,175,560 400,000 504,068 904,068 1.30
1986 2,260,133 1,154,812 1,105,321 425,000 477~055 902,055 1.25
1987 2,533,231 1,310,062 1~223,169 460,480 454,537 915,017 1.54
1988 2,784,168 1,336,505 1,447,663 496,910 429,333 926,243 1.56
(1) Operating revenues minus direct operating expenses.
(2) Net revenue available for debt service divided by total debt requirera~nts.
(3) The Village has booked General Obligation Issues on the Waterworks Fund West Balance Sheet. These Bonds
have been included in the schedule to illustrate coverage.
* Fiscal Year 1979 reflects operations for eight months due to change in fiscal ye ar fr~ April 30 to December 31.
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133
VILLAGE OF GLENVIEW, ILLINOIS
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
DECEMBER 31, 1988
Fiscal
Year
Education
Level In
Per Years of School
Capita Median Formal Enroll- Unemploy-
Population Income Age Schooling ment merit
* 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 33.1 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%
1987 36,375 19,490 33.9 15.9 2,794 4.7%
1988 37,400 21,670 34.5 16.4 2,963 4.3%
(1) (1) (1) (1) (2) (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 March 1,1989
(3) Illinois Department of Labor, Research Division. Figures for 1975 to 1982
are actual; other years estimated from statewide averages.
0 0
0 0
0 F~-
0 CD
0 0
0
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VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS
DECEMBER 31, 1988
136
Date of Incorporation
Form of Government
Geographical Location
Area
Population
June 20, 1899
Council-Manager
20 Miles North of Chicago
10.9 Square Miles
1950
1960
1963
1970
1975
1980
1984
1985
1986 (1)
1987 (i)
1988 (1)
6~142
18,132
22,364
24,880
30,552
32,060
34,996
35,525
36,240
36,375
37,400
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.
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137
VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS (CONT.)
DECEMBER 31, 1988
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
1988 Book Circulation
Recreation Facilities
Numbers of Parks and Playgrounds
Park Area in Acres - Park District Owned
Park Area in Acres - Park District Leased
Municipal Parking Facilities
Number of Parking Spaces
Number of sewer customers served during
fiscal year
Total Number of metered water customers at December 31, 1988
Number of unmetered water customers at December 31, 1988
Gallons of water purchased during fiscal year
Gallons of water billed during fiscal year
Water Storage Capacity
Ground Storage
Elevated Storage
4O
1
1,320
Class 3
59
19
1
1
161,848
6,768
3,935
6,311
2,118
741
26,514
513,748
24
340
125
Waterworks
Fund - East
Waterworks
Fund - West
666
6,799 1,380
7,364 5,394
None
1,485,283,000
1,194,832,000
None
946,478,000
966,210,000
8,500,000
1,000,000
VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL SERVICES AND FACILITIES
DECEMBER 31, 1988
Number of Full Time Employees (on December 31, 1988)
Miles of Streets Maintained by Glenview
Indentified by Functional Classification:
Arterial
Collector
Presidential
Cul-De-Sacs
Total
Miles of Streets Maintained by Glenview
Indentified by Surface Type:
Asphault
Concrete
Total
Miles of Alleys Maintained by Glenview
Miles of Streets within the Village of
Glenview Maintained by Cook County
or the State of Illinois
Miles of Sanitary Sewers
Miles of Storm Sewers
Number of Village owned Street Lights
Building Activity
Number of Permits issued in 1988
Value of Construction Authorized in 1988
197
86
7
5
77
11
100
89
100
2.2
22
85
74
66
889
$57,923,171
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139
VILLAGE OF GLENVIEW, ILLINOIS
SALARIES AND SURETY BONDS
OF PRINCIPAL OFFICIALS
DECEMBER 31, 1988
Village President
Village Trustees
Village Treasurer, Manager, and Clerk
Finance Director
Purchasing Agent
Assistant Finance Director
Assistant Village Manager
Assistant to the Village Manager
Police Chief
Deputy Police Chief
Police Corm~ander
Fire Marshal
Administrative Assistant to
the Fire Marshal
Fire District Chief
Director of Development
Assistant to Director of Development
Village Engineer
Public Works Superintendent
Director of Building and Zoning
Water Distribution Superintendent
Head Librarian
Public Works Director
Annual
Salary
1,200
300
80,000
58 700
30 840
38 556
45 500
31 404
55 000
48 564
45,072
52,5OO
45,408
43,272
55,000
44,412
49,344
44,964
37,596
44,964
49,955
55,000
Amount of
Surety Bond
$25O 000
250 000
250 000
250 000
25O 000
25O 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
250.000
250,000
14o m
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141
% of % of % of
Sales Total Utility Total Lnccme Total
Tax Revenue Tax Revenu~ Tax Rmvenue
'1979 1,301,900 24.3 1,100,000 20.6 548,400 10.2
1980 1,570,777 26.9 1,302,489 22.3 531,375 9.1
1981 1,828,356 28.8 1,466,643 23.1 585,594 9.2
1982 1,908,785 28.7 1,659,139 24.9 614,382 9.2
1983 2,023,939 28.4 1,918,899 26.9 685,991 9.6
1984 1,974,783 27.0 1,991,104 27.2 766,168 10.5
1985 2,462,183 30.2 1,999,838 24.5 723,008 8.8
1986 2,815,209 28.7 2,066,996 21.1 804,896 8.2
1987 3,178,578 30.3 2,119,255 20.2 900,124 8.6
1988 3,132,518 38.3 2,202,445 26.9 952,708 11.7
* Fiscal year 1979 reflects operations for eight mo~ths due to change in fiscal year from April 30 to
December 31.