HomeMy Public PortalAbout1979 Comprehensive Annual Financial Report (8 mos 12/31)
TABLE OF CONTENTS
PAGE
INTRODUCTORY SECTION
AUDITORS' REPORT ON THE FINANCIAL STATEMENTS 1
FINANCIAL SECTION
COMBINED OVERVIEW FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types and
Account Groups 2
Combined Statement of Revenues, Expenditures and
Changes in Fund Balance - Ail Governmental Fund Types 3
Combined Statement of Revenues, Estimated and
Actual, Expenditures - Appropriated and Actual,
and Changes in Fund Balance - Corporate and
Special Revenue Funds 4
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings/Fund Balance -
All Proprietary and Fiduciary (Nonexpendable and
Pension Trust) Fund Types 5
Combined Statement of Changes in Financial Position -
Ail Proprietary and Fiduciary (Nonexpendable and
Pension Trust) Fund Types 6
Notes to the Financial Statements 7 - 16
GOVERNMENTAL FUND TYPES
CORPORATE FUND
Financial Statements
Balance Sheet 17
Statement of Revenues - Estimated and Actual,
Expenditures - Appropriated and Actual and
Changes in Fund Balance 18
Supplemental Statements
Statement of Expenditures - Appropriated and Actual 19
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TABLE OF CONTENTS
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FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
SPECIAL REVENUE FUNDS
Ail Funds I
Financial Statements
Combined Balance Sheet 20
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balance 21 ·
Library 22 - 23
Federal Revenue Sharing 24 - 25
Illinois Municipal Retirement 26 - 27 ·
Motor Fuel Tax 28 - 29
DEBT SERVICE FUNDS
All Funds
Financial Statements
Combined Balance Sheet 30 ·
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balance 31
Debt Service 32 - 33 ·
Public Benefit 34 - 35
CAPITAL PROJECT
Ail Funds
Financial Statements
Combined Balance Sheet 36
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balance 37
Waterworks and Sewerage ~cquisition Fund 38 - 39 ·
Village Hall Construction 40 - 41
Public Works Garage 42 - 43
SPECIAL ASSESSMENT l
Ail Funds
Financial Statements I
Combined Balance Sheet 44
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balance 45
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TABLE OF CONTENTS
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FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES
ENTERPRISE
Ail Funds
Financial Statements
Combined Balance Sheet 46
Combined Statement of Revenues, Expenditures,
and in Retained 47
Changes
Earnings
Waterworks and Sewerage Fund Number One
Balance Sheet 48
Analysis of Changes in Contributions and
Retained Earnings 49
Statement of Income and Expenses - Budgeted
and Actual 50
Statement of Changes in Restricted Accounts 51
Statement of Changes in Financial Position 52
Schedule of Fixed Assets and Depreciation 53
Waterworks and Sewerage Fund Number Two
Balance Sheet 54
Statement of Changes in Contributions and
Retained Earnings 55
Statement of Income and Expense - Budgeted and
Actual 56
Statement of Changes in Financial Position 57
Schedule of Fixed Assets and Depreciation 58
Commuter Parking Lot
Balance Sheet 59
Statement of Income and Expense - Budgeted and
Actual and Changes in Retained Earnings 60
Statement of Changes in Financial Position 61
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TABLE OF CONTENTS
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FINANCIAL SECTION (CONT.)
FIDUCIARY FUND TYPES
TRUST AND AGENCY ·
Ail Funds I
Financial Statements
Combined Balance Sheet 62
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balance 63
Police Pension 64 - 65
Firemen's Pension 66 - 67
Escrow Deposit 68 - 69
ACCOUNT GROUPS
General Fixed Assets Account Group
Statement of General Fixed Assets 70
General Long-Term Debt Account Group
Statement of General Long-Term Debt 71
STATISTICAL SECTION
AUDITORS' REPORT - SUPPLEMENTARY DATA 72
SUPPLEMd~NTARY DATA
Schedule of Interfund Accounts 73 - 74 ·
Property Tax Assessed Valuations, Rates,
Extensions and Collections 75 ·
Statement of Legal Debt Margin 76
Insurance in Force 77
Long-Term Debt Requirements 78 - 84 ·
Statement of Cash and Investments 85
Statement of Investments 86 - 90
Statement of Revenues - Estimated and Actual -
Fund 91 ·
Corporate
Statement of Expenditures and Encumbrances
Compared with Appropriations - Corporate
Fund 92 - 107
Statement of Expenditures Compared with Budget -
Waterworks and Sewerage Fund Number O~e 108 - 110
Statement of Expenditures Compared with Budget -
Waterworks and Sewerage Fund Number Two 111 - 112
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INTRODUCTORY SECTION
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I AUDITORS' REPORT ON THE
FINANCIAL STATEMENTS
The Honorable Thomas E. Smith, President
~ard of ~ustees
Village of Glenview, Illinois
We have examined the financial statements of the various funds and
account groups of the Village of Glenview, Illinois for the eight
months ended December 31, 1979, as listed in the foregoing table of
contents. Our examination was made in accordance with generally
accepted auditing standards, and accordingly included such tests of the
accounting records and such other auditing procedures as we considered
necessary in the circumstances.
In our opinion, the aforementioned financial statements present fairly
the financial position of the various funds and account groups of the
Village of Gienview, Illinois at December 31, 1979 and the results of
operations of such funds and the changes in financial position of the
Enterprise Funds for the eight months then ended (see Note 2), in
accepted accounting principles.
conformity
with
generally
The accompanying supplemental schedules and related information
presented on pages 73 - 112 are not necessary for a fair presentation
of the financial statements, but are presented as additional analytical
data. his information has been subjected to the tests and other
auditing procedures applied in the examination of the financial
statements mentioned above and, in our opinion, is fairly stated in all
material respects in relation to the financial statements taken as a
whole.
Karrfson & Byrne
April 25, 1980
Bank of Wheaton Building · 21 I South Wheaton Avenue · Wheaton, Illinois 60187 · (312) 665-4510
Geneva Professional O~ces o 206'~ West State Street- Geneva, Illinois 60134 · (312) 232-94~
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FINANCIAL SECTION
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COMBINED OVERVIEW
FINANCIAL STATEMENTS
VILLAGE OF GLENVlEW~ ILLINOIS
ALL PROPRIETARY AND FIDUCIARY (NONEXPENDABLE
PENSION TRUST) FUND TYPES
I~terest Expense (8,722.50) (8,722.50)
~ 12~092.98 ~ 12~092.98
~3~844~985.34 ~ 2~624~829.40 ~6t469~814.74
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VILLAGE OF GLENVIEW~ ILLINOIS
ALL PROPRIETARY AND FIDUCIARY (NONEXPENDABLE AND
PENSION TRUST) FUND TYPES
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION FOR TNE EIGHT MONTHS ENDED DECEMBEH 31, 1979
Proprietary Fiduc£arF Fund Types Total
Fund Types Nonexpendable Pension (Memorand~
Enterprise Trust Trust Only)
Sources of Cash
Net Income $ 233,587.17 $ 360,768.40 $ 594,355.57
Nd Non-Cash Items
Depreciation 110,277.73 110,277.73
Contributions - Capital Project
Fund 5,700,000.00 5,700,000.00
Transfers from Other ~ccounts 28,402.95 28,402.95
Increase in Liabilities 82,326.06 82,326.06
Decrease in Current Assets 206,726.79 $ 53~442.92 260,169.71
$6,361~320.70 $ 53,442.92 $ 360,768.40 $ 6,775,532.02
Uses of Cash
Increase in Current Amsets $ 132,247.51 $ 100,938.01 $ 233,185.52
Decrease in Current Liabilities 428,716.68 $ 13,695.20 5,241.22 447,653.10
Transfers to Other A~counts 29,000.00 29,000.00
Purchase Fixed Assets 564,121.28 564,121.28
Decrease in Refundable Deposits 740,174.53 740,174.53
$1~154,085.47 $ 753~869.73 $ 106~179.23 $ 2~014,134.43
Not Increase (Decrease) $5,207,235.23 $ (700,426.81) $ 254,589.17 $ 4,761,397.59
Cash and Investments
May 1, 1979 1~559,280.41 2,626~676.70 2,434~741.63 6,620,698.74
December 31, 1979 $6,766,515.64 $1~926~249.89 ~2~689~330.80 $11~382,096.33
lhe accompanying Notes to the Financial Statemeuts are an integral part of ali financial statements.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1979
1. S,,mmary of Significant ~counting Policies
Financial Statements - The financial statements are presented in accordance
with generally accepted accounting principles applicable to state and
local governmental units. These basic principles have been promulgated
by the National Council on Governmental Accounting, and are detailed in
their publications entitled "Governmental Accounting, Auditing and
Financial Reporting" and in "Governmental Accounting and Financial
Reporting Principles - NCGA Statement 1"; these principles are also
embodied in "Audits of State and Local Governmental Units" as published
by the American Institute of Certified Public Accountants.
Funds - For governmental units the basic accounting and reporting entity
is a "fund". A fund is defined as an independent fiscal and accounting
entity with a self-balancing set of accounts recording cash and/or
other resources together with all related liabilities, obligations,
reserves and equities which are segregated for the purpose of carrying
on
specific
activities or attaining certain objectives in accordance
with special regulations, restrictions or limitations.
Bases of Presentation
The following fund types and account groups are used by the Village:
GOVERNMENTAL FUND TYPES
Fund - The Corporate Fund is the general operating fund of
Corporate
the Village. Ail general tax revenues and other receipts that are not
allocated by law or contractual agreement to another fund are ac-
counted for in this fund. From the fund are paid the general opera-
ting expenditures, the fixed charges, and the capital improvement
costs that are not paid through other funds.
Special Revenue Funds - Special Revenue Funds are used to account for
the proceeds of specific revenue sources (other than special asses-
ments, expendable trust, or major capital projects) requiring separate
accounting because of legal or regulatory provision or administrative
action.
Debt Service Funds - Debt Service Funds are used to account for the
annual payment of principal, interest, and expenditures on long-term
general obligation debt, other than bonds payable from special assess-
ments or from the operations of an enterprise.
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1979
Summary of Significant A~counting Policies (Cont.)
Bases of Presentation (Cont.)
GOVERNMENTAL FUND TYPES (CONT.)
Capital Project Funds - Capital Project Funds are used to account
for financial resources segregated for the acquisition or construc-
major capital other than those financed by
tion
of
facilities
special assessments or enterprise operations.
Special Assessment Funds - Special Assessment Funds are used to
account for financial resources obtained and used for the financing
and construction of improvements that are to be fully or partially
paid for by assessments against benefited properties.
PROPRIETARY FUND TYPES
Enterprise Funds - Enterprise Funds are used to account for operations
that provide a service to citizens financed primarily by a user charge
for the provision of that service and activities where the periodic
measurement of net income is deemed appropriate for capital maintenance,
public policy, management control, accountability, or other purposes.
ACCOUNT GROUPS
General Fixed Assets Account - This
Group
account
group
is
established
to account for all fixed assets of the Village, other than those accounted
for in the Enterprise Funds.
General Lon$-Term Debt Account Group - This account group is estab-
lished to account for the long-term debt, including capitalized leases,
that is backed by the Village's full faith and credit.
Bases of Accounting
Corporate~ Special Revenue and Debt Service Funds
The modified accrual basis of accounting has been utilized. Revenues
are recognized when received in cash except for material and/or
available revenues which are accrued to properly reflect earnings for
the period. Such revenues accrued at the end of the accounting period
are those which are both measurable and available; that is, the item is
a resource that can be used to finance the governmental operations dur-
ing the year. Expenditures are recognized when the fund liability
is incurred.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1979
1. Sunm~ary of Significant A~counting Policies (Cont.)
Bases of Accounting (Cont.)
Corporate~ Special Revenue and Debt Service Funds (Cont.)
Fixed assets are not capitalized but rather are charged to current expen-
ditures. Fixed asset acquisitions are accounted for in the General Fixed
Assets Account Group and are valued at historical cost; no depreciation
is required to be recorded.
The long-term portion of general obligation debt has been reflected in
the General Long-Term Debt Account Group.
Capital Projects, Enterpris~
Trust and Asency and Special Assessment Funds
The accrual basis of accounting has been utilized. Revenues are
recognized when earned and expenditures recognized when incurred. En-
terprise Funds account for their own fixed assets, which are valued at
historical cost, and for current and long-term debt. Depreciation is
recorded.
carried at cost, which approximates market,
Investments
All
investments
are
unless otherwise noted.
Inventories - All inventories are carried at the lower of cost, on a first- in, first-out basis, or market.
Encumbrances - the Village utilizes an encumbrance system; commitments are
recorded as expenditures and reported as "Encumbrances Outstanding"
on applicable balance sheets.
The Village prepares its budget on the same bases of accounting
Budgetary
Data
aa that used for the applicable funds, as stated previously under "Bases
of Accounting".
For financial reporting purposes, the Village has presented budget com-
parisons to actual results in this report. For consistency purposes the
Village has elected to use the term "Appropriations" on its financial
statements. A statement comparing appropriation ordinance amounts to
actual is presented in the supplementary data section.
2. Change in Ascounting Period
On July 2, 1979 the Village board passed Ordinance #2239 adopting the
"Municipal Budget Office's System of Finance" and changed its fiscal year end
from April 30 to December 31. This is to commence January 1, 1980.
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VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1979
Property Taxes receivable which are delinquent more than two years have been
written off, subsequent collections of such taxes are reflected as "Prior
years' taxes" revenue in the period received. The allowance for uncollectible
taxes has been stated at 1% of the 1979 tax levy, to reflect actual collection
experience.
Rmtirement Commitments
Illinois Municipal Retirement Fund
1) The Village is a participating member of the Illinois Municipal Retire-
ment Fund which covers all of its employees who:
a) occupy a job normally requiring 600 hours or more per year;
b) are paid on a regular payroll from Village funds;
c) were under age sixty when first entering employment; and
d) are not covered by another state created retirement system for
the same service.
2) The Illinois Municipal Retirement Fund's (Chicago) actuary estimated
that as of December 31, 1978, the present value of currently accrued
retirement obligations of the Village was $1,687,103.00. The Village
had accumulated assets of $484,639.00 on the same date. Therefore, the
balance of $1,202,464.00 remains to be financed future contributions
by
payable by the municipality on behalf of its present employees. The
normal cost portion of the Village's contribution rate is expected to
provide $312,462.00 of this amount and the prior service portion of the
rate is expected to provide $890,002.00. The latter amount is
considered to be unfunded at this time; it is sometimes referred to as
the "actuarial deficiency." As required by Section 7-172, Chapter
108-1/2, Illinois Revised Statutes 1977, municipality contribution
rates are fixed at levels, certified by the Fund actuary, sufficient to
meet the entire cost of benefit payments ultimately to be made.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1979
4. Retirement Commitments (Cont.)
Police Pension Fund
1) Chapter 108-1/2, Sections 3-125 and 127 of the Illinois Revised
Statutes, 1977, provides that municipalities shall establish and
maintain a reserve fund of not less $10,000.00 for each police-
man and each beneficiary; provided that the accumulated reserve
shall not exceed the estimated total actuarial requirements of
the Fund.
In municipalities having less than the actuarial requirements of the
Fund, the Board of Trustees of the Fund shall designate the propor-
tionate amount needed annually to insure the accumulation of such
actuarial reserve over a 40 year period ending in 1999. The total
actuarial requirements at April 30, 1978 (the date of the latest
computation) amounted to $2,629,018.00, as determined by the
Illinois Department of Insurance.
Net present assets $1,401,099.00
Unfunded accrued liability 1~227,919.00
$2,629,018.00
2) Tax Levy Requirements
Amount necessary to provide the normal cost based on the annual payroll of active
of December 31, 1978 $ 101,530.00
participants
as
Amount necessary to amortize the unfunded
accrued liability of $2,629,018.00, as
determined by the State of Illinois De-
partment of Insurance over the remaining
21.2137 years as contemplated by Section
3-127 of the Illinois Pension Code 203,893.00
Total amount of tax levy necessary to ar-
rive at the annual requirements of the
Fund as required in Section 3-125 of the
Illinois Pension Code $ 305,423.00
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VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1979
P~tirement Commitments (Cont.)
Firemen's Pension Fund
Chapter 108-1/2, Section 4-120 and 127 of the Illinois Revised
Statutes, 1977, provides that municipalities shall establish and
maintain a reserve fund of not less than $1,000.00 for each 1,000
inhabitants; provided that the accumulated reserve shall not exceed
the estimated total actuarial requirements of the Fund.
In municipalities having less than the actuarial requirements of
the Fund, the Board of Trustees of the Fund shall designate the
proportionate amount needed annually to insure the accumulation
of such actuarial reserve over a 40 year period ending in 2007. The
actuarial requirements at April 30, 1979 (the date of the latest
computation) amounted to $2,098,445.00, as determined by the
Illinois Department of Insurance.
Net present assets $ 990,085.00
Unfunded accrued liability 1,108,360.00
$2,098,445.00
Tax Levy Requirements
Minimum amount necessary to provide
actuarial reserves for the annuities
and benefits to be earned during the
year, computed at a rate of not less
than 17.5% of the annual payroll of
active particpants as of December 31,
1978 $ 178,818.00
Amount to amortize the unfunded necesary
accrued liability of $2,098,445.00
as determined by the State of Illinois
Department of Insurance over the re-
maining 29.0 years as contemplated by
by Section 4-118 of the Illinois
Pension Code 66,956.00
Total amount of tax levy necessary to
arrive at the annual requirements of
the Fund as required in Section 4-118
of the Illinois Pension Code .$ 245,774.00
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1979
5. Motor Fuel Tax Fund
The balance of Unobligated Funds in the Motor Fuel Tax Fund at December 31,
1979 is $883,691.79.
Unobligated Funds
April 30, 1979 $615,932.29
Allotments 243,384.94
Credits (Unexpended - Approved Projects
and Interest Income)
1972 Contract Construction $36,706.46
1972 Engineering 11,081.76
1973 Contract Construction 51.65
1973 Engineering 1,209.26
1974 Contract Construction 50.00
1975 Engineering 2,712.82
1975 Engineering 3,773.41
1975 Contract Construction 10,067.40
1975 Contract Construction 340.55
1976 Contract Construction 1,031.94
1977 Contract Construction 4,369.80 71,395.05
$930,712.28
Less - Authorizations by the Illinois
Department of Transportation
1972 Other $ 4,480.00
1974 Contract Construction 26,322.59
1976 Engineering 6,785.83
1976 Contract Construction 4,997.68
1977 Engineering 4,434.39 47,020.49
$883,691.79
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VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1979
Commuter Parking
Lease Agreements
The Village of Glenview is a lessee under two agreements with
the Chicago, Milwaukee, St. Paul and Pacific Railroad Company
for certain property adjacent to the railroad station located
in the Village. The leases provide the terms as shown.
Lease A
a. Period - May 1, 1966 to April 30, 1986.
b. Annual rent - 30% of parking revenues, but not less than
$2,400.00.
c. Improvements costs - the Village has incurred certain expen-
ditures for capital improvements to improve the area sur-
rounding the railroad station. Repayment of the expendi-
ture is to be derived from net revenue produced from parking
meters installed and parking permits sold.
Lease B
a. October 1, 1972 to September 30, 1982 Period
b. Annual rent - $500.00 (subject to renegotiation after
September 30, 1977).
c. Improvement costs - the Village is to bear all such
costs for improvements.
d. Termination - either party may terminate the agreement
upon 60 days written notice.
Leasehold Improvement
Improvements Parking Lot Fund
Leasehold
of
the
Commuter
reflected in the accounts of the Village have been
recorded at cost less accumulated amortization to date
of $66,538.06 computed on a straight-line method.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1979
7. Capital Projects Funds
A. The Village Hall Construction Fund is accounting for the construction of
the new village hall scheduled to be completed in the s,~mer of 1980.
The contract for the construction of the new village hall is
$1,832,964.00.
B. The Public Works Garage Fund was created to accumulate funds for the
construction of a new garage facility. The land has already been
acquired.
C. The Waterworks and Sewerage Acquisition Fund
On October 18, 1979 the Village authorized the issuance of the
$5,700,000.00 Corporate Purpose Bond Series of 1979 to construct the
water transmission mains for the Western unincorporated area of the
Village.
8. Waterworks and Sewerage Fund Number One
Section 9 of the Revenue Bond Ordinance of 1964 created the following
accounts:
a) Operation and Maintenance Account
b) Bond and Interest A~count
c) Bond Raserve Account
d) Depreciation, Improvement and Extension Account
e) Surplus Revenue A~count.
Monthly cash transfers are required in the following order:
Operation and Maintenance Account - an amount sufficient to pay the
reasonable expenses of maintenance and operation of the system for the next
succeeding month, including 1/12 of all expenses which are paid on an annual
basis.
~and interest account - an amount not less than 1/5 of the interest
Bond
becoming due on the next succeeding interest date and an amount equal to
1/10 of the principal becoming due on the next succeeding principal
maturity date.
Bond reserve account - the sum of $625.00 each month until all bonds have
been paid or provided for.
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VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FIN;~NCIAL STATEMENTS
DECEMBER 1979 31~
Depreciation, improvement and extension account - the sum of $2,000.00
each month.
Surplus revenue account - at the end of each fiscal year all moneys after
distribution of the above amounts to their respective accounts.
Funds accumulated in the bond reserve account are available for the payment
of maturing bond principal or interest whenever funds are not available for
that purpose in the bond and interest account. In addition, whenever the
balance in this account equals the maximum principal and interest
requirements on all outstanding bonds for any future fiscal year, any
surplus above such amount may be transferred to the depreciation,
improvement and extension account or may be used for calling and redeeming
those bonds that are callable prior to maturity, or by purchasing by tender
or on the open market, at not more than par and accrued interest, any bonds
which are payable from the revenues of the system.
Funds accumulated in the depreciation, improvement and extension account
are available for the payment of maturing bond principal or interest,
whenever sufficient funds are not available. Also, such funds may be used
for either extraordinary repairs or replacements, or improvements and
extensions of the system. Whenever the account aggregates $250,000.00, any
sums in excess thereof may be transferred to the bond reserve account or to
the surplus revenue account.
a. To make up any deficiencies in any of the other accounts
created by the ordinance.
b. Thereafter, at the end of each fiscal year any sums re-
maining may be transferred to be used for any lawful
purpose including general administration of the system;
a sum equal to 7-1/2% of the annual gross revenue or
percentage as the President and Board of Trustees
such
may establish.
General Fixed Assets Account Group
General fixed assets are recorded as expenditures in the Corporate Fund,
Special Revenue Funds, and Capital Projects Funds at time of purchase.
Such assets are stated at estimated historical cost in the General Fixed
Asset Group of Accounts except for certain improvements other than
buildings, including streets, bridges, curbs and gutters, sidewalks, and
drainage which are not capitalized. No is
systems
depreciation
provided
on general fixed assets.
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GOVERNMENTAL FUND TYPES
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CORPORATE FUND
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $ 613,857.07
Property Taxes R~ceivable - 1979 Levy $918,813.00
Allowance for Uncollectible Taxes (9,188.00) 909,625.00
Replacement Taxes Receivable 33,206.00
Accounts Receivable 654,019.36
Due from Other Funds (Page 73) 478,686.76
.~.2,689,394.19
LIABILITIES, ENCUMBRANCES AND FUND BALANCE
Liabilities
Accounts Payable $ 57,373.17
Due to Other Funds (Page 73) 47,666.76
Refundable Deposits 81,436.66
Total $ 186,476.59
Encumbrances Outstanding 264,193.63
Total Liabilities and Encumbrances $ 450,670.22
Fund Balance (Page 18) 2~238,723.97
$2,689,394.19
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES - ESTIMATED A/~D ACTUAL,
EXPENDITURES - APPROPRIATED A-ND ACTUAL
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues or
Appropriations Actual
Revenues
Tax Levy - 1979 $1,025,000.00 $ 918,813.00
(9,188.00)
Provision for Uncollectible Taxes ·
$1,025,000.00 $ 909,625.00
- 33,206.00
Replacement Taxes
Prior Years' Tax (14,353.03)
Municipal Sales Tax 1,028,500.00 1,050,991.60
Utility Tax 975,000.00 679,483.11
Illinois Income Tax 415,000.00 335,329.35
Road and Bridge Tax 53,000.00 27,177.27
Traffic Fines 120,000.00 123,460.50
Interest on Investments 62,000.00 48,476.18
Transfers From Other Funds 317,157.00 284,950.34
Intergovernmental Transfers 216,350.00 89,057.60
12,000.00 5,064.89
Parking Lot 60,000.00 33,733.12
Miscellaneous
Licenses (Page 91) 236,250.00 318,125.28
Permits (Page 91) 148,150.00 270,439.35
$4,668,407.00 $4,194,766.56
Expenditures 3,607,500.00 3,585,044.78
Excess of Revenues over Expenditures
(Pages 19 and 92-107) $1,060,907.00 $ 609,721.78
Fund Balance
May 1, 1979 1,629,002.19
December 31, 1979 (Page 17) $2,238,723.97
19
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - APPROPRIATED AND ACTUAL FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Appropriations Actual
General Government
Trustees $ 3,585.00 $ 2,389.11
Board
of
Special Board 6,330.00 5,550.48
Village Clerk's Office 5,467.00 4,944.35
Elections (750.00)
Legal 37,100.00 35,263.82
Village Manager's Office 92,704.00 88,082.86
Finance Department 178,377.00 175,727.95
Municipal Building and Grounds 25,638.00 24,345.74
Personnel Department 144,570.00 140,953.58
$ 493,771.00 $ 476,507.89
Public Safety
Police Department $1,104,506.00 $1,085,017.47
Fire Department 739,272.00 728,364.96
Printing and General Services 9,395.00 9,272.74
$1,853,173.00 $1,822,655.17
Development and Public Services
Administration/Development and
Public Services $ 54,175.00 $ 52,456.53
Planning and Zoning 25,102.00 22,277.46
Engineering Department 67 625.00 64,652.69
Public Works - General Street Maintenance 235.200.00 295,393.42
Public Works - Special Projects 452 863.00 445,240.08
Public Works - Snow Removal 69 959.00 65,154.43
Public Works - Parkway Maintenance 93 792.00 96,180.87
Public Works - Garage 146 960.00 134,473.59
Building Inspection 84 940.00 81,667.84
General Health 29~940.00 28,384.81
$1,260,556.00 $1,285,881.72
(Page 18) $3,607,500.00 $3,585,044.78
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SPECIAL REVENUE FUNDS
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VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $331,225.19
Property Taxes Receivable - 1979 Levy 455,866.00
Allowance for Uncollectible Taxes (4,558.00)
Replacement Taxes P~ceivable 16,347.00
$798,880.19
LIABILITIES AND FUND BALANCE
Due to Other Funds (Page 73) $101,563.00
Fund Balance (Page 23) 697,317.19
$798,880.19
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS LIBRARY FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL,
EXPENDITURES - APPROPRIATED AND ACTUAL
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues or
Appropriations Actual
P~venues
1979 Tax Levy $405,000.00 $455,866.00
Provision for Uncollectible Taxes - (4,558.00)
$405,000.00 $451,308.00
Replacement Taxes 16,347.00
Prior Years' Taxes (6,117.67)
Interest Earned 9,400.00 10,046.44
Miscellaneous Receipts/Grants-in-Aid 8,825.23
Fines and Fees 10,000.00 23,356.26
Other Current Charges 51,190.00 8,638.73
Donations 3,291.00
$475,590.00 $515,694.99
Expenditures
Personnel Services $200,000.00 $198,607.99
Operations and Contractual Services 42,220.00 41,957.50
Materials and Supplies 58,950.00 65,457.17
Other Charges 200.00 247.76
Contingencies 1,000.00 331.90
Capital 0~tlay 27,700.00 34,292.32
$330,070.00 $340,894.64
Excess of Revenues over Expenditures $145~520.00 $174,800.35
Fund Balance
May 1, 1979 522,516.84
December 31, 1979 (Page 22) $697,317.19
24
VILLAGE OF GLENVIEW, ILLINOIS
FEDERAL REVENUE SHARING FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $(68,695.15)
Distributions Receivable 40,821.00
$(27,874.15)
FUND BALANCE
Fund Balance (Page 25) $(27,874.15)
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
26
VILLAGE OF GLENVIEW, ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
BALBR~CE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $131,994.05
Property ~axes Receivable - 1979 Levy $288,509.00
Allowance for Uncollectible Taxes 2,885.00 285,624.00
Replacement Taxes Receivable 10,339.00
$427,957.05
FUND BAL~uNCE
Fund Balance (Page 27) $427,957.05
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW~ ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL,
EXPENDITURES - APPROPRIATED AND ACTUAL
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues or
Appropriations Actual
Revenues
1979 Tax Levy $185,893.00 $ 288,509.00
Provision for Uncollectible Taxes (2,885.00)
$185,893.00 $ 285,624.00
Replacement Taxes 10,339.00
Prior Year Taxes (3,498.48)
Transfer From Other Funds 37,600.00 24,816.00
Employee Deductions 6,000.00 118,391.61
$229,493.00 $ 435,672.13
Expenditures
Participating $143,000.00 $ 257,238.59
Non-Participating - 18,518.29
$143,000.00 $ 275,756.88
Excess of Revenues over Expenditures $ 86,493.00 $ 159~915.25
Fund Balance
May 1, 1979 $(621,960.20)
Prior Year Adjustment
Decrease Actuarial Deficiency 890,002.00
$ 268,041.80
December 31, 1979 (Page 26) $ 427,957.05
28
VILLAGE OF GLENVIEW~ ILLINOIS
MOTOR FUEL TAX FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $1,053,178.31
Allotments Raceivable 25,619.32
Due From Other Funds (Page 73) 29,618.20
$1,108,415.83
FUND BALANCE
Fund Balance (Page 29) .~1,108,415.83
Ihe accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS
MOTOR FUEL TAX FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL,
EXPENDITURES - APPROPRIATED AND ACTUAL
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues or
Appropriations Actual
Ravenues
Allotments Earned $ 366,000.00 $ 243,384.94
Interest Earned 21,000.00 36,882.76
Reimbursements from State of Illinois/
Engineering - 68,018.16
P~imbursement for Outside Costs - 11,590.10
$ 387,000.00 $ 359~875.96
Expenditures
Maintenance $ 82,000.00 $ 63,285.07
Mass Transit 4,480.00 4,480.00
Fau/Earlem Central 305,360.00 6,148.82
Glenview/Harlem Signals 1,000.00 -
Fontana/Lindle S/S 12,000.00 5,000.00
Grove Street Bridge 138,000.00 -
Linneman Street/Washington Street 138,160.00 1,564.40
Club Circle 255,000.00 1 2,085.52
Washington Street Widening 38~000.00 -
$ 974,000.00 $ 92~563.81
Excess (Deficiency) of Revenues
over Expenditures $(587,000.00) $ 267,312.15
Fund Balance
May 1, 1979 841,103.68
December 31, 1979 (Page 28) $1~108,415.83
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VILLAGE OF GLENVIEW~ ILLINOIS
DEBT SERVICE FUND
COMBINED BALANCE SHEET DECEMBER 31, 1979
Total
Debt Public (Memorandum
Service Benefit Only)
ASSETS
Cash and Investments $539,077.89 $539,077.89
Property Taxes Receivable -
1979 Levy 267,319.00 267,319.00
Allowance for Uncollectible Taxes (2,67 3.00) (2,673.00)
Replacement Taxes 23,737.00 23,737.00
Due From Other Funds $18,048.56 18,048.56
$827,460.89 $18,048.56 $845,509.45
LIABILITIES AND FUND BALANCE
Liabilities
Bonds Payable $135,000.00 $135,000.00
Due to Other Funds 38,348.75 $ 9,046.05 47,394.80
Interest Payable 174,660.00 174,660.00
Total $348,008.75 $ 9,046.05 $357,054.80
Fund Balance $479,452.14 $ 9~002.51 $488,454.65
$827,460.89 $18,048.56 $845,509.45
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS
DEBT SERVICE FUND
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31~ 1979
Debt P~blic
Service Benefit Total
Revenues
1979 Tax Levy $267,319.00 $267,319.00
Provision for Uncollectible
Taxes (2,673.00) (2,673.00)
Replacement Taxes 23,737.00 23,737.00
Prior Years Taxes 1,536.58 1,536.58
Transfers from Other Funds 255,837.50 255,837.50
$545,757.08 - $545,757.08
Expenditures
Principal and Interest $307,610.00 $307,610.00
Bank Charges 487.16 487.16
$308,097.16 - $308,097.16
Excess of Revenues over Expendi-
tures $237,659.92 $ - $237,659.92
Fund Balance
May 1, 1979 241,792.22 9,002.51 250,794.73
December 31, 1979 $479,452.14 $9,002.51 $488,454.65
34
VILLAGE OF GLENVIEW, ILLINOIS
PUBLIC BENEFIT FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Due from Other Funds (Page 73) $18,048.56
LIABILITIES AHqD FUND BALANCE
Due to Other Funds (Page 73) $ 9,046.05
Fund Balance (Page 35) 9,002.51
$18,048.56
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS I
PUBLIC BENEFIT FUND
STATEMENT OF REVENUES, EXPENDITURES m
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Revenues m
Expenditures I
Excess of Revenues over Expenditures $ -
Fund Balance I
May 1, 1979 9,002.51
December 31, 1979 (Page 34) $9,002.51 W
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VILLAGE OF GLENVIEW, ILLINOIS
CAPITAL PROJECTS FUNDS
COMBINED BALANCE SHEET
DECEMBER 31, 1979
Waterworks
and
Sewerage Village Hall Public Works
Acquisition Construction Garage
Fund Fund Fund Total
ASSETS
Cash and Investments - $857,022.15 $386,234.04 $1,243,256.19
Interest Receivable - 1,431.54 - 1,431.54
Due From Other Funds 138,348.75 - 138,348.75
- $996,802.44 $386,234.04 $1,383,036.48
LIABILITIES AND FUND BALANCE
Due To Other Funds $ - $ 98,907.42 $ 98,907.42
Fund Balance - 996,802.44 287,326.62 1,284,129.06
- $996,802.44 $386,234.04 $1,383,036.48
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS
CAPITAL PROJECTS FUNDS
COMBINED STATEMENT OF REVENUES~ EXPENDITURES
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Waterworks
and Sewerage Village Hall Public Works
Acquisition Construction Garage
Fund Fund Fund Total
Rmvenues
Interest Income $ 73,571.73 $ 3,519.20 $ 77,090.93
Transfer from
Other Funds 90,000.00 100,000.00 190,000.00
Proceeds from
Bond Issue $5,700,000.00 5,700,000.00
$5,700,000.00 $ 163,571.73 .$103,519.20 $5,967~090.93
Expenditures
Contractual Services $ 865,329.69 - $ 865,329.69
Other Costs 3,477.00 - 3,477.00
Transfer to Waterworks
and Sewerage Fund
Number Two $5,700,000.00 - - 5,700,000.00
$5,700~000.00 $ 868,806.69 $6,568,806.69
Excess (Deficiency) of
Revenues over
Expenditures - $ (705,234.96) $103,519.20 $ (601,715.76)
Fund Balance
May 1, 1979 - 1~702,037.40 183,807.42 1,885,844.82
December 31, 1979 $ 996,802.44 $287,326.62 $1,284~129.06
38
VILLAGE OF GLENVIEW~ ILLINOIS
WATERWORKS AND SEWERAGE ACQUISITION FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
NONE
FUND BALANCE
NONE
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW~ ILLINOIS
WATERWORKS AND SEWERAGE ACQUISITION FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL,
EXPENDITURES - APPROPRIATED AND ACTUAL
AND CHANGES IN FUND BALANCE
FOR THE EIGHTS MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues or
Appropriations Actual
P~venues
Proceeds of Bond Issue - $5,700,000.00
Expenditures
Transfer to Waterworks and Sewerage
Fund Number Two - 5,700,000.00
Excess (Deficiency) of Revenues over
Expenditures -
Fund Balance
May 1, 1979
December 31, 1979 -
4O
VILLAGE OF GLENVIEW, ILLINOIS
VILLAGE HALL CONSTRUCTION FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $857,022.15
Interest P~ceivable 1,431.54
Due From Other Funds (Page 73) 138,348.75
$996,802.44
FUND BALANCE
Fund Balance (Page 41) $996,802.44
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW~ ILLINOIS
VILLAGE HALL CONSTRUCTION FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL,
EXPENDITURES AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues Actual
Revenue s
Transfer from Corporate Fund $ 250,000.00 $ 90,000.00
Interest Earned - 73,571.73
$ 250,000.00 $ 163,571.73
Rxpenditures
Contractual Services $ 1,941,090.00 $ 865,329.69
Other Costs 3,477.00
$ 1,941,090.00 $ 868,806.69
Excess of Revenues over Expenditures $(1~691,090.00) $ (705,234.96)
Fund Balance
May 1, 1979 1,702,037.40
December 31, 1979 (Page 40) $ 996,802.44
42
VILLAGE OF GLENVIEW, ILLINOIS PUBLIC WORKS GARAGE FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $386,234.04~
LIABILITIES AND FUND BALANCE
Due to Other Funds (Page 73) $ 98,907.42
Fund Balance (Page 43) 287,326.62
$386,234.04
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS PUBLIC WORKS GARAGE FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL,
EXPENDITURES - APPROPRIATED AND ACTUAL
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues or
Appropriations Actual
Ravenues
Transfer from Corporate Fund $ 170,000.00 $100,000.00
Interest Income 3,519.20
$ 170,000.00 $103,519.20
Expenditures
Contractual Services
303,340.00 -
Excess of Revenues over Expenditures $(133,340.00) $103,519.20
Fund Balance
May 1, 1979 183,807.42
December 31, 1979 (Page 42) $287,326.62
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SPECIAL ASSESSMENT
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER ONE
OPERATIONS AND MAINTENANCE ACCOUNT
ANALYSIS OF CHANGES IN CONTRIBUTIONS AND RETAINED EARNINGS
FOR THE EIGHT MONTHS ENDED DECEMBER 31~ 1979
Municipal Retained
Contributions Earninss
Increases
Transfers from Restricted
Accounts - $ 28,402.95
Decreases
Net Loss (Page 50) $ 82,604.41
Transfers to Restricted
Accounts 29~000.00
- $ 111~604.41
Net Increase (Decrease) $ - $ (83,201.46)
Account Balance
May 1, 1979 285~000.00 3,790,546.59
December 31, 1979 (Page 48) $285,000.00 $3,707,345.13
5O
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AiND SEWERAGE FUND NUMBER ONE
OPERATIONS =D NTEN=CE ACC0UNT
STATEMENT OF INCOME AND EXPENSE - BUDGETED AND ACTUAL FOR THE EIGHT MONTHS ENDED DECEMBER 31~ 1979
Budget Actual
Operating Income
Water and Sewer Charges $1,150,000.00 $ 675,194.38
Water Meter Repair Charges 100.00 507.00
Water Connection Charges 35,000.00 47,776.00
Water Meters and Remote Readers 14,000.00 4,958.00
Brass Fittings 3,000.00 3,252.00
Water for Construction 1,500.00 2,050.00
Turn on Charges 2,500.00 1,350.00
$1,206~100.00 $ 735,087.38
Operating Expenses (Pages 108-110)
Water Administration $ 230,280.00 $ 67,193.69
Water Operations and Maintenance 550,916.00 508,669.13
Pumping Station 71,920.00 94,471.63
Distribution System 94,740.00 76,148.79
Sewer Operations and Maintenance 53,442.00 51,370.63
Lift Station 275.00 595.98
Special Projects 48,000.00
$1,049,573.00 $ 798,449.85
Net Operating Income (Loss) before
Depreciation $ 156,527.00 $ (63,362.47)
Depreciation 44,526.33
Net Operating Income (Loss) $ 156~527.00 $(107,888.80)
Add Non-Operating Income
Interest Earned $ 16,000.00 $ 38,982.59
Miscellaneous 7,400.00 2,674.30
Transfers from Other Funds 255,000.00
$ 278,400.00 $ 41~656.89
Less Non-Operating Expenses
Interest on Revenue Bonds $ 17,445.00 $ 8,722.50
Transfer to Debt Service Fund - Interest - 7,650.00
$ 17,445.00 $ 16,372.50
Net Income (Less) (Pages 49 and 52) $ 417,482.00 $ (82,604.41)
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER ONE
STATEMENT OF CHANGES IN RESTRICTED ACCOUNTS
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Depreciation,
Bond Extension
Principal and Bond
and Interest Improvement Reserve
Increases
Interest Earned $ 12,261.52 $ 2,674.90
Transfers from Operations and
Maintenance - Bond Requirements $ 8,722.50 24,000.00 5,000.00
- Other 4,950.00
Transfers From Waterworks and
Sewerage Fund Number Two 75,000.00 4,950.00
Watermain Agreement 21,356.77
$ 8,722.50 $111,261.52 ~ 38,931.67
Decreases
Transfers to Operations and
Maintenance $ 8,722.50
Capital Outlay $ 28,402.95
Extraordinary Repairs and
Replacements 8~436.20
$ 8,722.50 $ 36,839.15 -
Net Increase - $ 74,422.37 $ 38,931.67
Account Balance
May 1, 1979 - 30,424.08 232,742.02
December 31, 1979 (Page 48) - $104,846.45 $271,673.69
52
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER ONE
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Cash Was Provided By
Operations
Net Loss (Page 50) $(82,604.41)
Add Back Depreciation 44,526.33 $(38,078.08)
Decrease in Accounts Receivable 61,706.24
Transfer Fixed Assets from Restricted
Accounts 28,402.95
Decrease In Due From Other Funds 8,507.50
Increase In Accounts Payable 13,560.26 $ 74,098.87
Cash Was Used To
Transfer To Restricted Accounts $ 29,000.00
Purchase Fixed Assets 42,888.95
Decrease in Due to Other Funds 151,596.15
Increase Interest Receivable 724.05 224,209.15
Net Increase (Decrease) $(150,110.28)
Cash and Investments
May 1, 1979 819,912.78
December 31, 1979 (Page 48) $ 669,802.50
54
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER TWO
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Current Assets
Cash and Investments (Page 85) $ 6,054,535.46
Accounts Rsceivable - Billed and Unbilled 131,750.97
Interest Receivable 160,306.00
Fixed Assets (Page 58)
Cost $4,428,088.83
Accumulated Depreciation 216,517.00 4,211,571.83
Construction in Progress 24,078.54
$10,582~242.80
LIABILITIES AND FUND EQUITY
Liabilities
Accounts Payable $ 35,713.34
Interest Payable 33,052.46
Due to Other Funds (Page 74) 150,000.00
$ 218,765.80
Fund Equity
Contributions (Page 55) 10,075,000.00
Rstained Earnings (Page 55) 288,477.00
$10,582,242.80
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER TWO
STATEMENT OF CHANGES IN CONTRIBUTIONS AND RETAINED EARNINGS FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Retained
Contributions Earnings
Increases
Net Income (Page 56) $302,880.80
Transfer from Waterworks and
Sewerage Acquisition Fund $ 5,700,000.00
Decreases -
Net Increase $ 5,700,000.00 $302,880.80
Account Balance
May 1, 1979 4,375,000.00 (14,403.80)
December 31, 1979 (Page 54) $10,075,000.00 $288,477.00
56
VILLAGE OF GLENVIEW~ ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER TWO
STATEMENT OF INCOME AND EXPENSES - BUDGETED AND ACTUAL
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Budget Actual
Operating Income
Water and Sewer Charges $1,080,000.00 $598,861.86
Water Connection Charges 200,850.00 142,300.00
Water Meters and Remote Readers 61,311.00 22,015.00
Brass Fittings 3,000.00 1,143.00
Water for Construction 5,000.00 6,688.85
Turn on Charges 3,500.00 1,320.00
$1,353,661.00 $772,328.71
Operating Expenses Excluding Depreciation (Pages 111-112)
Water Administration $ 366,667.00 $ 79,008.28
Waterworks Operations and Maintenance 49,546.00 76,317.75
Pumping Station 184,472.00 179,806.41
Distribution 50,496.00 61,046.87
Capital Outlay - 590.60
Special Projects - 3,215.18
$ 651,181.00 $399,985.09
Depreciation $ 702,480.00 $372,343.62
Net
Operating
Income
before
Depreciation - 61,738.00
Net Operating Income $ 702,480.00 $310,605.62
Add Non-Operating Income
$ 41,500.00 $ 3,563.48
Miscellaneous
Interest Earned 42,000.00 186,099.20
$ 83,500.00 $189,662.68
Less Non-Operating Expense
Transfer to Debt Service Fund - Interest $ 117,438.00 $117,437.50
Fund Number One - Depreciation, Extension,
and Improvements Account 75,000.00 75,000.00
- Bond and Interest Account 4~950.00 4,950.00
$ 197,388.00 $197,387.50
Net Income (Pages 55 and 57) $ 588,592.00 $302,880.80
VILLAGE OF GLENVIEW~ ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER TWO
STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Cash Was Provided By
Operations
Net Income (Page 56) $302,880.80
Add Back Depreciation 61~738.00 $ 364,618.80
Decrease Due from Other Funds 117,437.50
Decrease in Accounts Rmceivable 19,075.55
Increase in Interest Payable 33,052.46
Increase in Contributions - Waterworks
and Sewerage Acquisition Fund 5,700,000.00
Increase in Accounts Payable 35,713.34 $6,269,897.65
Cash Was Used To
Purchase Fixed Assets $ 521,232.33
Decrease Due to Other Funds 270,292.90
Increase Interest Receivable 131,523.46 923,048.69
Net Increase (Decrease) $5,346,848.96
Cash and Investments
May 1, 1979 707,686.50
December 31, 1979 (Page 54) $6,054,535.46
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VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $42,177.68
Leasehold Improvements $106,513.71
Accumulated Amortization (66,538.06) 39,975.65
$82,153.33
RETAINED EARNINGS
Retained Earnings (Page 60) $82,153.33
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
6O
VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF INCOME AND EXPENSE - BUDGETED AND ACTUAL
AND CHANGES IN RETAINED EARNINGS
FOR THE EIGHT MONTH ENDED DECEMBER 31, 1979
Budget Actual
Ravenues
Meter Fees - $35,132.75
Interest Earned - 1,368.24
$36,500.99
Expenditures
Contractual and Professional Services - $ 7,773.66
Maintenance Materials 5,454.89
Rentals - 5,698.26
Improvements Other Than Buildings - 250.00
$19,176.81
Net Operating Income before Amortization $17,324.18
Provision for Amortization 4,013.40
Net Income (Page 61) $13,310.78
Retained Earnings
May 1, 1979 68,842.55
December 31, 1979 (Page 59) $82,153.33
VILLAGE OF GLENVIEW~ ILLINOIS
COM~fUTER PARKING LOT FUND
STATEMENT OF CH~GES IN FINANCIAL POSITION
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Cash Was Provided By
Operations
Net Income (Page 60) $13,310.78
Add Back Depreciation 4,013.40 $17,324.18
Cash Was Used To
Repay Advance from Corporate Fund 6,827.63
Net Increase in Cash and Investments $10,496.55
Cash and Investments
May 1, 1979 31,681.13
December 31, 1979 (Page 59) $42,177.68
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VILLAGE OF GLENVIEW~ ILLINOIS
POLICE PENSION FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $1,641,322.28
Property Taxes Receivable - 1979 Levy $169,511.00
Allowance for Uncollectible Taxes 1,695.00 167,816.00
Replacement Taxes Receivable 6,080.00
$1,815,218.28
FUND BALANCE
Fund Balance (Page 65) $1,815,218.28
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS
POLICE PENSION FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL,
EXPENDITURES - APPROPRIATED AND ACTUAL
A~qD CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues or
Appropriations Actual
Rmvenues
1979 Tax Levy $ 95,998.00 $ 169,511.00
Provision for Uncollectible Taxes (1,695.00)
$ 95,998.00 $ 167,816.00
Prior Year's Taxes (1,757.07)
Replacement Taxes 6,080.00
Employees~ Contributions 5 1,543.48
Interest Income 81,500.00 47,539.09
Donations - Police Pension 75,000.00 100.00
Other - Budget Transfer 9,200.00 6,427.00
$261,698.00 $ 277,748.50
Expenditures
Separation Refunds $ 35,250.00 $ 10,366.42
Pensions Paid 124,696.00 80,869.08
$159,946.00 $ 91,235.50
Excess of Revenues over Expenditures $101,752.00 $ 186,513.00
Fund Balance
May 1, 1979 $(1,917,837.72)
Prior Period A~justment
Elimination of Unfunded Actuarial
Deficiency 3,546,543.00
$ 1,628,705.28
December 31, 1979 (Page 64) $ 1,815,218.28
66
VILLAGE OF GLENVIEW, ILLINOIS
FIREMEN'S PENSION FUN~
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $1,048,008.52
Property Taxes Receivable - 1979 Levy $119,290.00
Allowance for Uncollectible Taxes 1,193.00 118,097.00
R~placement Taxes Receivable 4,274.00
$1,170,379.52
FUND BALANCE
Fund Balance (Page 67) $1,170,379.52
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW, ILLINOIS
FIREMEN'S PENSION FUND
STATEMENT OF REVEN-OES - ESTIMATED AND ACTUAL,
EXPENDITURES - APPROPRIATED AND ACTUAL
AND CHANGES IN FUND BALANCE
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated
Revenues or
Appropriations Actual
Rmvenues
1979 Tax Levy $ 67,554.00 $ 119,290.00
Provision for Uncollectible Taxes (1~193.00)
$ 67,554.00 $ 118,097.00
Prior Year's Taxes (1,230.81)
Replacement Taxes 4,274.00
Employees' Contributions 58,800.00 36,541.71
Interest Income 44,500.00 29,727.36
Foreign Fire Insurance Tax 12,000.00 18,283.32
Transfer From Corporate Fund 7,000.00 5,005.00
$189,854.00 $ 210,697.58
Expenditures
Separation Refunds $ 13,000.00 $ 13,285.38
Pensions Paid 33,287.00 22,190.64
Miscellaneous 966.16
$ 46,287.00 $ 36,442.18
Excess of Revenues over Expenditures $143~567.00 $ 174,255.40
Fund Balance
May 1, 1979 $ 132,952.12
Prior Year 3~ijustment
Elimination of Unfunded Actuarial
Deficiency 863,172.00
$ 996,124.12
December 31, 1979 (Page 66) $1,170,379.52
68
VILLAGE OF GLENVIEW, ILLINOIS
ESCROW DEPOSIT FUND
BALANCE SHEET
DECEMBER 31, 1979
ASSETS
Cash and Investments (Page 85) $1,926,249.89
LIABILITIES
Refundable Deposits $1,798,033.55
Due to Other Funds (Page 74) 128,216.34
$1,926,249.89
The accompanying Notes to the Financial Statements are an integral part of all
financial statements.
VILLAGE OF GLENVIEW~ ILLINOIS
ESCROW DEPOSIT FUND
STATEMENT OF REVENUES AND EXPENDITURES
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Actual
Interest Earned $128,216.34
Expenditures
Transfer to Corporate Fund 128,216.34
Excess of Rmvenues over Expenditures
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
DECEMBER 31, 1979
May 31, December 31,
1979 Additions Deletions 1979
GENERAL FIXED ASSETS
Village Hall $ 384,740.41 $ 384,740.41
Parking Lot 202,943.59 $ 2,492.20 205,435.79
Library 1,410,097.47 34,292.32 1,444,389.79
Police and Fire Department 3,546,841.68 54,049.59 $3,554.00 3,597,337.27
Public Works Department 736,649.31 317,701.54 1,054,350.85
Transmitter Station 5,004.50 5,004.50
Sidewalks 96,433.92 96,433.92
Depot Street Land 110,000.00 110,000.00
Harmony Lane Land 4,676.00 4,676.00
Rmcycling Center 5,340.40 5,340.40
Butler Imnd 90,000.00 90,000.00
Rustive Manor Land 118,839.00 118,839.00
Techny Retention Basin 232,500.00 232,500.00
Public Works Garage 147,623.07 147,623.07
General Government
Departments 10,293.38 4,995.90 1,315.00 13,974.28
Construction in Progress
New Village Hall 102,756.96 868,806.69 971,563.65
New Public Works Garage 212,485.48 212,485.48
$7,417,225.17 $1,282,338.24 $4,869.00 $8,694,694.41
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AUDITORS' REPORT-
SUPPLEMENTARY DATA
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he Honorable ~omas E. Smith, President
Members of the ~ard of ~ustees
Village of Glenview, Illinois
The accompanying financial information is presented for supplementary
analysis purposes and is not considered necessary for a fair presen-
tation of the basic financial statements. Our examination of the basic
financial statements for the eight months ended ~cember 31, 1979,
which are presented in the first section of this report, was made for
the primary purpose of formulating an opinion on those statements.
~rrison & Byrne
April 25, 1980
Bank of Wheaton Building · Z ] I South Wheaton Avenue · Wheaton, Illinois 60187 · (312) 665-4510
Geneva Professional O~ces · 206'~ West S~te Street · Geneva, Illinois 60134 · (31Z} 23Z-9404
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SUPPLEMENTARY DATA
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VILLAGE OF GLENVIEW~ ILLINOIS
SCHEDULE OF INTERFUND ACCOUNTS DECEMBER 31~ 1979
Due From Due To
Corporate
Waterworks and Sewerage Number Two $150,000.00
Library 101,563.00
Escrow Deposit 128,216.34
Public Works - Construction 98,907.42
Public Benefit $ 18,048.56
Motor Fuel Tax 29,618.20
$478,686.76 $ 47,666.76
Special Revenue
Motor Fuel Tax
Corporate $ 29,618.20
Library
Corporate $101,563.00
Debt Service
Village Hall Construction $ 38,348.75
Public Benefit
Corporate $ 18,048.56
Special Assessment $ 9,046.05
$ 18,048.56 $ 9,046.05
Capital Projects
Village Hall Construction
Debt Service $ 38,348.75
Waterworks and Sewerage Fund Number One 100,000.00
$138,348.75
Public Works - Construction
Corporate $ 98,907.42
Special Assessment
Public Benefit $ 9,046.05
VILLAGE OF GLENVIEW, ILLINOIS
SCHEDULE OF INTERFUND ACCOUNTS DECEMBER 31, 1979
Due From Due To
Proprietary Fund Types - Enterprise
Waterworks and Sewerage Number One
Village Hall Construction $100,000.00
Waterworks and Sewerage Number Two
Corporate $150,000.00
Escrow Deposit
Corporate $128,216.34
$673,748.32 .$673,748.32
VILLAGE OF GLENVIEW, ILLINOIS
STATEMENT OF LEGAL DEBT MARGIN DECEMBER 31, 1979
There is no legal debt limit for home rule municipalities in Illinois.
Articletion of theVII' LegalSecti°nDebt6(k)Margin.°f the 1970 Illinois Constitution governs computa-
"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 pircentages
of the assessed value of its taxable property...(2) if its population is
more than 25,000 and less than 500,000, an aggregate of one percent;...
indebtedness which is outstanding on the effective date (July 1, 1971) of
this constitution or which is thereafter approved by referendum...shall
not be included in the foregoing percentage amounts."
To date the General Assembly has set no limits for home rule municipalities.
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
POLICE ADMINSITRATION BUILDING BONDS OF 1972
DECEMBER 31, 1979
Date of Issue December 1, 1972
Date of Maturity January 1, 1990
Authorized Issue $1,400,000.00
Actual Issue $1,400,000.00
Denomination of ~onds $5,000.00
Interest Rate Bonds 1-280 - 7%
Interest Dates July 1 and January 1
Principal Maturity Date January 1
Payable at Northern Trust
CURRENT AND FUTURE BOND AND INTEREST REQUIREMENTS
Tax
Levy Tax Levy Coupons Due on
Year Prinicpal Interest Total July 1 Amount Jan. 1 Amount
$ 27,395.00 $ 27,395.00 1980 $27,395.00
1979 $ 95 000.00 50,740.00 145,740.00 1980 $25,370.00 1981 25,370.00
1980 100 000.00 46,465.00 146,465.00 1981 23,232.50 1982 23,232.50
1981 100 000.00 41,965.00 141,965.00 1982 20,982.50 1983 20,982.50
1982 110 000.00 37,465.00 147,465.00 1983 18,732.50 1984 18,732.50
1983 115 000.00 32,515.00 147,515.00 1984 16,257.50 1985 16,257.50
1984 120 000.00 27,225.00 147,225.00 1985 13,612.50 1986 13,612.50
1985 125 000.00 21,525.00 146,525.00 1986 10,762.50 1987 10,762.50
1986 125 000.00 15,587.00 140,587.00 1987 7,793.50 1988 7,793.50
1987 100 000.00 9,650.00 109,650.00 1988 4,825.00 1989 4,825.00
1988 100 000.00 4,900.00 104,900.00 1989 2,450.00 1990 2,450.00
$1~090,000.00 $315~432.00 $1,405,432.00
$ 95,000.00 $ 78,135.00 $ 173,135.00 - Current Portion - Debt Service Fund
995,000.00 237,297.00 1,232,297.00 - Long-Term Portion - General Long-
Term Debt A~count Group
$1,090,000.00 $315,432.00 $1,405,432.00
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
PUBLIC LIBRARY PARKING LOT BONDS OF 1976
DECEMBER 31, 1979
Date of Issue July 1, 1976
Date of Maturity October 1, 1981
Authorized Issue $200,000.00
Denomination of Bonds 1 to 5 - $40,000.00
Interest Rate 5-1/8%
Interest Dates October 1 and April 1
Principal Maturity Dates October 1
Payable at Northern Trust
CURRENT AND FUTURE BOND ~LND INTEREST LEVY REQUIREMENTS
Levy Tax Levy Coupons Due on
Year Principal Interest Total Oct 1 Amount April 1 Amount
1978 $2,050.00 $ 2,050.00 1980 $2,050.00
1979 $ 40,000.00 3,075.00 43,075.00 1980 $2,050.00 1981 1,025.00
1980 40,000.00 1,025.00 41,025.00 1981 1,025.00
$ 80,000.00 $6,150.00 $ 86,150.00
$ 40,000.00 $5,125.00 $ 45,125.00 - Current Portion - Debt Service Funds
40,000.00 1,025.00 41,025.00 - Long-Term Portion - General Long-
Term Debt Agcount Group
$ 80,000.00 $6,150.00 $ 86,150.00
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1976
DECEMBER 31, 1979
l~.te of Issue September 1, 1976
Date of Maturity January 1, 1986
Authorized Issue $385,000.00
Actual Issue $385,000.00
Denomination of Bonds 1 to 77 - $5,000.00
Interest Rate Bonds 1 to 12 - 4.90%
Bonds 13 to 47 - 4.60%
Bonds 48 to 67 - 4.80%
Bonds 68 to 77 - 4.90%
Interest Dates January 1 and July 1
Principal Maturity Date January 1
Payable at The Northern Trust Company,
Chicago, Illinois
Bond Redeemable Annually on
Numbers January 1 Amount
29-37 1982 45,000.00 $ 45,000.00
38-77 1983-86 50,000.00 200,000.00
$245,000.00
FUTURE BOND AND INTEREST REQUIREMENTS
Levy Tax Levy Coupons Due on
Year Principal Interest Total July i Amount Jan. 1 Amount
1980 $ 45,000.00 $11,620.00 $ 56,620.00 1981 $5,810.00 1982 $5,810.00
1981 50,000.00 9,550.00 59,550.00 1982 4,775.00 1983 4,775.00
1982 50,000.00 7,250.00 57,250.00 1983 3,625.00 1984 3,625.00
1983 50,000.00 4,850.00 54,850.00 1984 2,425.00 1985 2,425.00
1984 50,000.00 2,450.00 52,450.00 1985 1,225.00 1986 1,225.00
$245,000.00 $35,720.00 $280,720.00 - Long-Term Portion - General Long- Term Debt Account Group
Note: 1979 Tax Levy was abated by ord±nanee #2289° The principal and interest
will be paid by Waterworks and Sewerage Fund I.
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
MUNICIPAL BUILDING BONDS, SERIES 1979
DECEMBER 31, 1979
Date of Issue April 1, 1979
Date of Maturity January 1, 1991
Authorized Issue $950,000.00
Actual Issue $950,000.00
Denomination of Bonds 1 - 190 - $5,000.00
Interest Rates Bonds 1 - 70 - 5.30%
Bonds 71 - 160 - 5.40%
Bonds 161 - 190 - 5.50%
Interest Dates July 1 and January 1
Principal Maturity Date January 1
Payable at Amalgamated Trust and Savings Bank
Chicago, Illinois
Bond Redeemable Annually on
Numbers January 1 Amount
1-30 1982-84 $ 50,000.00 $150,000.00
31-130 1985-89 100,000.00 500,000.00
131-190 1990-91 150,000.00 300,000.00
$950,000.00
CURRENT AND FUTURE BOND AND INTEREST REQUIREMENTS
Levy Tax Levy Coupons Due on
Year Prinicpal Interest Total July 1 Amount Jan. 1 Amount
$ 38,250.00 *$ 38,250.00 1980 $38,250.00
1979 51,100.00 * 51,100.00 1980 $25,550.00 1981 25,550.00
1980 $ 50,000.00 51,100.00 101,100.00 1981 25,550.00 1982 25,550.00
1981 50,000.00 48,450.00 98,450.00 1982 24,225.00 1983 24,225.00
1982 50,000.00 45,800.00 95,800.00 1983 22,900.00 1984 22,900.00
1983 100,000.00 43,150.00 143,150.00 1984 21,575.00 1985 21,575.00
1984 100,000.00 37,850.00 137,850.00 1985 18,925.00 1986 18,925.00
1985 100,000.00 32,550.00 132,550.00 1986 16,275.00 1987 16,275.00
1986 100,000.00 27,150.00 127,150.00 1987 13,575.00 1988 13,575.00
1987 100,000.00 21,750.00 121,750.00 1988 10,875.00 1989 10,875.00
1988 150,000.00 16,350.00 166,350.00 1989 8,175.00 1990 8,175.00
1989 150~000.00 8,250.00 158,250.00 1990 4,125.00 1991 4,125.00
$ 950,000.00 $421,750.00 $1,371,750.00
$ - $ 89,350.00 $ 89,350.00 - Current Portion - Debt Service Fund
950,000.00 332,400.00 1,282~400.00 - Long-Term Portion - General Long-Term
Debt Account Group
$ 950,000.00 $421,750.00 $1~371,750.00
* Three interest payments 1979 levy year only.
VILLAGE OF GLENVIEW~ ILLINOIS
SCHEDULE OF INVESTMENTS AND SAVINGS
DECEMBER 31~ 1979
Maturity
Rate Due Date Amount
Corporate Fund
Passbook - Glenview State Bank -
Commingled Account 5.250 $ (518,270.32)
Certificates of Deposit
Gienview State Bank 13.600 6/29/80 100,000.00
Glenview State Bank 10.125 1/07/80 100,000.00
Glenview Guaranty Savings and
Loan 14.000 6/05/80 250,000.00
Glenview Guaranty Savings and
Loan 13.500 12/13/79 150,000.00
Glenview Guaranty Savings and
Loan 12. 750 3/20/80 119,677.39
Glenview Guaranty Savings and
Loan 12. 250 3/25/80 100,000.00
Cragin Federal 1 1.000 1/28/80 100,000.00
Cragin Federal 10.050 1/03/80 100,000.00
Cragin Federal 14.500 5/02/80 100,000.00
$ 601,407.07
Special Revenue Funds
Library Fund
Passbook - Glenview State Bank 5.250 - $ 190,925.19
Certificate of Deposit
Glenview State Bank 14.575 1/30/80 140,000.00
$ 330,925.19
Federal Revenue Sharing Fund
Passbook - Glenview State Bank -
Commingled Account 5.250 - $ (68,695.15)
Illinois Municipal Rmtirement Fund
Passbook - Glenview State Bank -
5.250 - $ 131,994.05
Commingled
Account
Motor Fuel Tax Fund
Passbook - Glenview State Bank 5.250 - $ 153,078.31
Certificates of Deposit
Glenview State Bank 10.000 1/07/80 100,000.00
Glenview State Bank 10.000 1/07/80 100,000.00
Glenview State Bank 10.000 1/07/80 100,000.00
Glenview State Bank 1 1.200 2/28/80 100,000.00
Glenview State Bank 14.500 4/30/80 100,000.00
Glenview State Bank 13.125 6/17/80 100,000.00
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VILLAGE OF GLENVIEW, ILLINOIS
SCHEDULE OF INVESTMENTS AND SAVINGS
DECEMBER 31, 1979
Maturity
Rate Due Date Amount
Special Revenue Funds (Cont.)
Motor Fuel Tax Fund (Cont.)
Certificates of Deposit (Cont.)
Glenview Guaranty Savings and
Loan 14.750 5/05/80 $ 100,000.00
Glenview Guaranty Savings and
Loan 14.000 5/30/80 100,000.00
Glenview Guaranty Savings and
Loan 14.000 6/04/80 100,000.00
$ 1,053,078.31
Debt Service Fund
Passbook - Glenview State Bank -
Commingled Account 5.250 $ 500,752.89
Capital Projects Fund
Village Hall Construction Fund
Passbook - Glenview State Bank 5.250 $ 157,022.15
Certificates of Deposit
Glenview State Bank 13.000 6/03/80 100,000.00
Glenview State Bank 11.200 2/28/80 100,000.00
Glenview State Bank 13.375 3/17/80 200,000.00
Glenview State Bank 13.375 4/17/80 200,000.00
Glenview Guaranty Savings and
Loan 12.500 1/02/80 100,000.00
$ 857,022.15
Public Works Garage Fund
Passbook~- Glenview State Bank 5.250 $ 16,234.04
Certificates of Deposit
Glenview Guaranty Savings and
Loan 10.375 4/22/80 100,000.00
Cragin Federal 8.750 7/17/80 170,000.00
Cragin Federal 11.450 2/29/80 100,000.00
$ 386,234.04
VILLAGE OF GLENVIEW~ ILLINOIS
SCHEDULE OF INVESTMENTS AND SAVINGS
DECEMBER 31, 1979
Maturity
Rate Due Date Amount
Special Assessment Fund
Passbook - 1st Trust and Savings
Bank of Glenview 5.250 - $ 97,890.75
Certificate of Deposit
Cragin Federal 10.375 3/14/80 225,000.00
$ 322,890.75
Enterprise Funds
Water and Sewer Operating Fund I
Passbook - Glenview State Bank -
Commingled Account 5.250 $ 119,702.50
Certificates of Deposit
Glenview State Bank 11.200 2/28/80 250,000.00
Glenview State Bank 14.500 4/30/80 200,000.00
Glenview Guaranty Savings and
Loan 14.000 5/26/80 100,000.00
$ 669,702.50
Water and Sewer Depreciation
Passbook - Glenview State Bank -
Commingled Account 5.250 - $ (4,938.16)
Water and Sewer - Principal, Interest
and Reserve
Passbook - Glenview State Bank 5.250 $ 381,358.30
Water and Sewer Operating Fund II
Passbook - Glenview State Bank 5.250 $ (74,258.98)
Certificates of Deposit
Glenview State Bank 14.375 1/02/80 200,000.00
Glenview State Bank 14.575 2/01/80 175,000.00
Glenview State Bank 14.375 3/01/80 1,000,000.00
Glenview State Bank 14.375 4/01/80 1,000,000.00
Glenview State Bank 14.500 5/01/80 1,200,000.00
Glenview State Bank 14.375 6/02/80 2,000,000.00
Glenview State Bank 12.875 7/01/80 150,000.00
Glenview Guaranty Savings and
Loan 12.250 3/25/80 100,000.00
Cragin Federal 13.750 5/30/80 200,000.00
Cragin Federal 11.450 2/29/80 103,694.44
$ 6,054,435.46
Commuter Parking Lot Fund
Passbook - Glenview State Bank 5.250 - $ 42,077.68
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VILLAGE OF GLENVIEW, ILLINOIS
SCHEDULE OF INVESTMENTS AND SAVINGS
DECEMBER 31, 1979
M~turity
Rate Due Date Amount
Trust and Agency Funds
Police Pension Fund
- Glenview State Bank 5.250 - 59,502.62
Passbook
$
Certificates of Deposit
Glenview Guaranty Savings and
Loan 13.250 125,000.00
Glenview Guaranty Savings and
Loan 14.000 7/21/80 100,000.00
Cragin Federal 10.375 7/17/80 100,000.00
U.S. Treasury Bonds - Harris Trust 6.375 8/15/84 40,687.50
U.S. Treasury Bonds - Harris Trust 6.375 8/15/84 29,100.00
U.S. Treasury Bonds - Harris Trust 8.500 5/15/99 53,464.50
U.S. Treasury Bonds - Harris Trust 6.125 11/15/86 92,265.00
U.S. Treasury Bonds - Harris Trust 6.750 2/15/93 90,515.00
U.S. Treasury Bonds - Harris Trust 8.250 5/15/90 136,175.55
U.S. Treasury Bonds - Harris Trust 8.375 8/15/99 243,242.19
U.S. Treasury Notes - Harris Trust 7.625 2/15/81 97,187.50
U.S. Treasury Notes - Harris Trust 8.000 5/15/82 90,040.00
U.S. Treasury Notes - Harris Trust 7.375 8/15/81 99,951.00
U.S. Treasury Notes - Harris Trust 7.875 5/15/86 284,109.38
$ 1,641~240.24
Fire Pension Fund
Passbook - Glenview State Bank 5.250 - $ 93,160.40
Passbook - Glenview Guaranty Savings
and Loan 5.500 - 1,478.73
Certificates of Deposit
Glenview State Bank 13.125 6/11/80 100,000.00
Cragin Federal 10.200 5/18/80 100,000.00
Cragin Federal 10.675 3/07/80 100,000.00
U.S. Treasury Bonds - Harris Trust 7.000 8/15/81 36,192.81
U.S. Treasury Bonds - Harris Trust 6.375 8/15/84 24,529.45
U.S. Treasury Bonds - Harris Trust 6.375 8/15/84 10,000.00
U.S. Treasury Bonds - Harris Trust 8.500 5/19/99 134,392.70
U.S. Treasury Bonds - Harris Trust 8.375 8/15/99 145,945.31
U.S. Treasury Notes - Harris Trust 7.625 8/15/81 97,593.31
U.S. Treasury Notes - Harris Trust 7.875 5/15/86 154,715.81
U.S. Treasury Notes - Harris Trust 7.250 2/15/84 50,000.00
$ 1,048,008.52
VILLAGE OF GLENVIEW~ ILLINOIS
SCHEDULEDECEMBER OF INVESTMENTS 31, 1979 AND SAVINGS
Maturity
Rate Due Date A~ount
Trust and Agency Funds (Cont.)
Escrow Deposit Fund
Passbook - Harris Bank and Trust 5.250 - $ 376,249.89
Certificates of Deposit
Glenview State Bank 10.000 1/07/80 200,000.00
Glenview State Bank 10.125 1/30/80 300,000.00
Glenview State Bank 10.125 1/30/80 300,000.00
Glenview State Bank 13.250 6/13/80 500,000.00
Glenview Guaranty Savings and
Loan 10.500 2/04/80 250,000.00
$ 1,926,249.89
$15,873,743.73
(Pgae 85)
91
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF P, EVENUES - ESTIMATED AND ACTUAL
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Estimated Actual
Licenses
Motor Vehicle $143,000.00 $262,387.75
Bicycle 150.00 50.00
Business 38,500.00 19,741.88
Liquor 43,000.00 34,229.15
Dog 10,500.00 1,469.50
Cat 1,100.00 247.00
$236,250.00 $318,125.28
Permits
HVAC $ 1,000.00 $ 735.00
Buildings 50,000.00 118,452.81
Electrical Inspection 18,000.00 44,202.55
Plumbing and Sewer 13,800.00 29,380.00
Driveway 350.00 762.00
Engineering 40,000.00 52,494.83
Unclassified Public Works Service 5,000.00 8,173.17
Other Current Service Charges 20,000.00 16,238.99
Special Assessment - Corporate Only -
$148,150.00 $270,439.35
I
102
I
I 103
!
i ~ oooooooo
I
104
I
I
105
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND NUF~ER ONE
OPERATIONS AND MAINTENANCE
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Budget Actual
Water Administration
Postage $ 1,800.00 $ 1,834.92
Dues and Subscriptions 100.00 100.00
Maintenance of Equipment 10.00
Travel 20.00 3.90
Training 250.00 175.16
Office Supplies 250.00 500.69
Illinois Municipal Retirement Fund
Payments 13,000.00 12,408.00
Transfer to Corporate for Administrative
Services 75,000.00 46,716.00
Other Operating Expenses 86,800.00 15.30
Books and Pamphlets 50.00
Computer Supplies 3,000.00 489.72
Payment on Bonds 50,000.00
Transfer to Bond Reserve Account - 4,950.00
$247,725.00 $ 67,193.69
Waterworks Operations and Maintenance
Regular Salaries $ 40,456.00 $ 40,494.01
Overtime Salaries 440.00 38.52
Contractual Professional Services 5,000.00 -
Water 500,000.00 462,206.32
Uniforms 920.00 2,444.12
Gasoline 3,900.00 3,290.20
Motor Vehicle Supplies 200.00 195.96
$550,916.00 $508,669.13
109
VILLAGE OF GLENVIEW~ ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER ONE
OPERATIONS AND MAINTENANCE
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL
FOR THE EIGHT MONTHS ENDED DECEMBER 31~ 1979
Budget Actual
Pumping Station
Regular Salaries $ 14,744.00 $ 13,744.00
2,500.00 2,688.95
Overtime
Salaries
Contractual Professional Services 1,200.00 1,892.50
Power and Light 20,000.00 19,915.39
Heating 600.00 1,144.29
Telephone 700.00 801.05
Maintenance of Building and Improvements 800.00 51,212.49
Rmntal 96.00 32.64
Cleaning and Household Supplies 32.00 44.88
Maintenance Materials - Equipment 2,600.00 358.80
Maintenance Materials - Building and
Improvements 300.00 57.21
Operating Materials and Supplies 920.00 1,09 1.22
Building and Improvements - 1,488.21
Machinery and Equipment 27~428.00 5~566.00
$ 71,920.00 $100,037.63
Less Capital Outlay Expenses Capitalized 5,566.00
$ 71,920.00 $ 94,471.63
Distribution System
Regular Salaries $ 30,450.00 $ 30,230.71
Overtime Salaries 7,000.00 3,127.33
Temporary Salaries 5,000.00 4,416.75
Maintenance of Equipment - Services 500.00 810.85
Maintenance of Buildings and Improvements -
Services 2,000.00 5,003.60
Rental - 132.00
Maintenance Materials - Equipment 1,000.00 4,550.05
Maintenance Materials - Building and Improvements 9,000.00 10,095.97
Small Tools and Equipment 720.00 1,075.30
Operating Materials and Supplies 10,000.00 8,825.96
Machinery and Equipment 9,570.00 1,237.56
Hydrant Locations Signs 2,500.00 2,742.71
Automotive Equipment 17~000.00 11,800.00
$ 94,740.00 $ 84,048.79
Less Capital Outlay Expenses Capitalized 7,900.00
$ 94,740.00 $ 76,148.79
110
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SE~fERAGE FUND NUMBER ONE
OPERATIONS AND MAINTENANCE
STATEMENTS OF EXPENDITURES - BUDGETED AND ACTUAL
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Budget Acutal
Sewer Operations and Maintenance
Regular Salaries $36,272.00 $36,272.00
Overtime
Salaries 700.00 254.01
Contractual Professional Services 5,425.00 10,825.17
Rental 50.00 50.00
Fuel 750.00 550.00
Training 100.00
Motor Vehicles Supplies 150.00
Maintenance Materials - Equipment and
Auto Repair 3,000.00 2,362.72
Operating Materials and Supplies 3,000.00 826.43
Machinery and Equipment 3,995.00 1,250.30
$53,442.00 $52,390.63
Less Capital Outlay Expenses Capitalized 1,020.00
$53,442.00 $51,370.63
Lift Station
Maintenance and Improvements $ 75.00 $ 378.16
Maintenance Materials - Repair Parts 200.00 217.82
$ 275.00 $ 595.98
Special Projects
Water/SPL Project - Club Circle $42,000.00 -
Water/SPL Project - Ltnneman Water Main 6,000.00 -
$48,000.00 -
111
VILLAGE OF GLENVIEW~ ILLINOIS
WATERWORKS AND SEWERAGE FUND NUMBER TWO
STATEMENT OF EXPENDITURES BUDGETED AND ACTUAL
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Budget Actual
Water Administration
Postage $ 1,600.00 $ 2,159.30
Dues and Subscriptions 100.00 100.00
Maintenances of Equipment 10.00
Travel 20.00 20.02
Training 250.00 175.16
Office Supplies 250.00 500.70
Social Security
Illinois Municipal Retirement Fund 13,000.00 12,408.00
Transfer to Corporate Fund 62,500.00 40,601.00
Other Operating Expenses 483,300.00 22,778.10
Books/Pamphlets 25.00 6.93
Computer Supplies 3,000.00 259.07
$564~055.00 $ 79,008.28
Waterworks Operations and Maintenance
Regular Salaries $ 20,536.00 $ 18,193.28
Overtime Salaries 400.00 117.36
Contractual Professional Services 15,000.00 21,397.76
Water 10,000.00 32,966.46
Uniforms 660.00 816.78
Gasoline 2,750.00 2,676.11
Motor Vehicle Supplies 200.00 150.00
$ 49~546.00 $ 76,317.75
VILLAGE OF GLENVIEW~ ILLINOIS I
WATERWORKS AND SEWERAGE FUND NUMBER TWO
STATEMENT OF EXPENDITURES BUDGETED AND ACTUAL I
FOR THE EIGHT MONTHS ENDED DECEMBER 31, 1979
Budget Actual I
Pumping Station
Regular Salaries $ 14,432.00 $ 14,441.69
Overtime Salaries 10,000.00 9,200.51 ·
Contractual Professional Services 980.00 968.34
Power and Light 75,000.00 87,426.14
Heating 300.00 1,208.25 ·
Telephone 600.00 682.21
Maintenance of Building and Improvements 78,000.00 63,947.02
Rmntal 90.00
and Household Supplies 30.00 72.11 ·
Cleaning
Maintenance Materials - Equipment 1,750.00 386.39
Maintenance Materials - Buildings and
Improvements 990.00 334.58 ·
Operating Materials and Supplies 2,300.00 1,139.17
Machinery and Equipment 2,400.00 1,499.00
$186,872.00 $181,305.41 I
Less Capital O~tlay Expenses Capitalized 2,400.00 1~499.00
$184,472.00 $179,806.41
Distribution System
Regular Salaries $ 20,072.00 $ 19,199.18 I
Overtime Salaries 7,610.00 8,901.42
I
Temporary Salaries 9,214.00 8,825.43
Maintenance of Equipment - Services 340.00 431.49 ·
Maintenance of Buildings and Improvements 1,000.00 195.00
Maintenance Materials - Equipment 2,000.00 2,973.02
Maintenance Materials - Building and II
Improvements 9,500.00 14,111.07
Small Tools and Equipment 760.00 1,268.23
Operating Materials and Supplies 7,000.00 19,680.77
Hydrant Location - Signs 2,726.16 I
$ 57,496.00 $ 78,311.77
Less Capital Outlay Expenses Capitalized 7,000.00 17,264.90
~ 50,496.00 $ 61~046.87 ·
Capital Outlay
Machinery and Equipment $ 9,641.60
Automotive Equipment 371.00
$ 10,012.60 I
Less Capital Outlay Expenses Capitalized - 9~422.00
$ 590.60
Special Projects i
Three Interconnnections $ 15,500.00 $ 11,088.72
Countryside Watermain 100,000.00 164,380.27
Zenith Watermain 110,000.00 115,953.76 ·
Valve Replacement 6,697.35
I
Watermain T~anamission - 222~220.05
$225,500.00 $520,340.15
I
Less Capital Outlay Expenses Capitalized 225,500.00 517,124.97 ·
- $ 3,215.18