HomeMy Public PortalAbout1980 Comprehensive Annual Financial Report VILLAGE OF GLENVtEW, ILLINOIS
ANNUAL FINANCIAL REPORT
-- FOR THE YEAR ENDED
DECEMBER 31, 1980
PREPARED BY
-- VILLAGE OF GLEN-VIEW
FINANCE DEPARTMENT
DENNIS M. LAUER, DIRECTOR OF FINANCE
TABLE OF CONTENTS
PAGE
AUDITORS' REPORT ON THE FINANCIAL STATEMENTS 1 - 2
COMBINED STATEMENTS - OVERVIEW ("Liftable" General Purpose
Financial Statements)
Combined Balance Sheet - Ail Fund Types and Account Groups 3
Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances - All Governmental and Fiduciary
(Expendable Trust) Fund Types 4
Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual -
General, Special Revenue, Debt Service and
Capital Project Fund Types 5
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings/Fund Balances -
All Proprietary and Fiduciary (Nonexpendable Trust and
Pension Trust) Fund Types 6
Combined Statement of Changes in Financial Position -
All Proprietary and Fiduciary (Nonexpendable Trust and
Pension Trust) Fund Types 7
Notes to the Financial Statements 8 - 32
GOVERNMENTAL FUND TYPES
/3~NE RAL FUND
Financial Statements
'Balance Sheet 33
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual 34
Supplemental Statements
Statement of Expenditures - Budget and Actual 35
TABLE OF CONTENTS (CONT.
PAGE
GOVERNMENTAL FUND TYPES (CONT.)
SPECIAL REVENUE FUNDS
Ail Funds
Financial Statements
Combining Balance Sheet 36
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual 37
Library Fund
Financial Statements
Balance Sheet (See P. 36)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 38
Supplemental Statements
Statement of Expenditures - Budget and Actual (See P. 99)
Federal Revenue Sharing Fund
Financial Statements
Balance Sheet (See P. 36)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 39
Illinois Municipal Retirement Fund
Financial Statements
Balance Sheet (See P. 36)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 40
/Motor Fuel Tax Fund
~_/~ Financial Statements
Balance Sheet (See P. 36)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 41
TABLE OF CONTENTS (CONT.)
PAGE
GOVERNMENTAL FUND TYPES (CONT.)
DEBT SERVICE FUNDS
Ail Funds
Financial Statements
Combining Balance Sheet 42
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
43
CAPITAL PROJECTS FUNDS
All Funds
Financial Statements
Combining Balance Sheet 44
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - ~udget and Actual 45
Village Hall Construction Fund
Financial Statements
Balance Sheet (See P. 44)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 46
Public Works Garage Fund
Financial Statements
Balance Sheet (See P. 44)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 47
Special Service District Nomber One Fund
Financial Statements
Balance Sheet (See P. 44)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 48
Capital Equipment Replacement Fund
Financial Statements
Balance Sheet (See P. 44)
~tatement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 49
TABLE OF CONTENTS (CONT.)
PAGE
FIDUCIARY FUND TYPES (CONT.)
TRUST AND AGENCY FUNDS (CONT.)
Pension Trust Funds
Police Pension Fund
Financial Statements
Balance Sheet (See P. 62)
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual 66
Firemen's Pension Fund
Financial Statements
Balance Sheet (See P. 62)
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual 67
Agency Fund
Escrow Deposit Fund
Financial Statements
Balance Sheet (See P. 62)
Statement of Changes in Assets and Liabilities 68
ACCOUNT GROUPS
GENERAL FIXED ASSETS
Financial Statements
Statement of General Fixed Assets 69
GENERAL LONG-TERM DEBT
Financial Statements
Statement of General Long-Term Debt 70
TABLE OF CONTENTS (CONT.)
PAGE
SUPPLEMENTARY DATA
Auditors' Report on Supplementary Data 71
Combined Statement of Cash and Investments 72
Combined Statement of Investments 73 - 75
Property Tax Assessed Valuations, Rates, Extensions
and Collections 76
Statement of Legal Debt Margin 77
Statement of Insurance in Force 78
Long-Term Debt Requirements
Waukegan Road Sanitary District Sewer Bonds of 1967 79
Police Administration Building Bonds of 1972 80
Public Library Parking Lot Bonds of 1976 81
Corporate Purpose Bond Series of 1976 82
Corporate Purpose Bond Series of 1977 83
Corporate Purpose Bond Series of 1979 84
Municipal Building Bond Series of 1979 85
Special Service Area #1 Bonds of 1980 86
Waterworks and Sewerage Revenue Bond Series of 1964 87
Statement of Revenues - Budget and Actual - Corporate Fund 88
Statement of Expenditures - Budget and Actual - Corporate Fund 89 - 98
Statement of Expenditures - Budget and Actual - Library Fund 99
Statement of Expenses - Budget and Actual - Waterworks and
Sewerage Fund - East 100 - 102
Statement of Expenses - Budget and Actual - Waterworks and
Sewerage Fund - West 103 - 104
AUDITORS' REPORT ON THE
FINANCIAL STATEMENTS
The Honorable Thomas E. Smith
Village President
Board of Trustees
Village of Glenview
1225 Waukegan Road
Glenview, Illinois 60025
We have examined the combined financial statements of the Village of
Glenview, Illinois and the combining, individual fund, and account group
financial statements of the Village as of and for the year ended
December 31, 1980 as listed in the table of contents. Our examination
was made in accordance with generally accepted auditing standards and,
accordingly, included such tests of the accounting records and such
other auditing procedures as we considered necessary in the
circumstances.
In our opinion, the combined financial statements referred to above
present fairly the financial position of the Village of Glenview,
Illinois, at December 31, 1980, and the results of its operations and
the changes in financial position of its proprietary fund types and
similar trust funds for the year then ended, in conformity with
generally accepted accounting principles applied on a basis consistent
with that of the preceding year. Also, in our opinion, the combining,
individual fund, and account group financial statements referred to
above, present fairly the financial position of the individual funds and
account groups of the Village of Glenview, Illinois at December 31, 1980
and the results of operations of such funds and the changes in financial
position of individual proprietary fund types and similar trust funds
for the year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that of the
preceding year.
Bank of Wheaton Building · 211 South Wheaton Avenue · Whea~n, Illinois 60187 · (31Z) 665-4510
Village of Glenview, Illinois 2
Our examination was made for the purpose of forming an opinion on the
combined financial statements taken as a whole and on the combining,
individual fund, and account group financial statements. The
accompanying financial information listed as supplementary data in
the table of contents is presented for purposes of additional analysis
and is not a required part of the combined financial statements of the
Village of Glenview. The information has been subjected to the auditing
procedures applied in the examination of the combined, combining,
individual fund, and account group financial statements and, in our
opinion, is fairly stated in all material respects in relation to the
combined financial statements taken as a whole.
Karrison & Byrne
April 24, 1981
COMBINED STATEMENTS - OVERVIFW
"LIFTABLE" GENERAL PURPOSE
FINANCIAL STATEMENTS
VILLAGE OF GLENVIEW, ILLINOIS
ALL FUND TYPES AND ACCOUNT GROUPS
COMBINED BALANCE SHEET
DECEMBER 31, 1980
(See Following Page)
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
1. Summary of Significant Accounting Policies
The village operates under a Council-Manager form of government and provides
the following services as authorized by its charter: public safety (police and
fire), highways and streets, health and social services, culture-recreation,
public improvements, planning and zoning, and general administrative services.
The accounting policies of the Village of Glenview conform to generally
accepted accounting principles as applicable to governments. The following is a
summary of the more significant policies:
A. Fund Accounting
The accounts of the Village are organized on the basis of funds and account
groups, each of which is considered a separate accounting entity. The
operations of each fund are accounted for with a separate set of self-balancing
accounts that comprise its assets, liabilities, fund equity, revenues, and
expenditures, or expenses, as appropriate. Government resources are allocated
to and accounted for in individual funds based upon the purposes for which they
are to be spent and the means by which spending activities are controlled. The
various funds are grouped, in the financial statements in this report, into
eight generic fund types and three broad fund categories as follows:
GOVERNMENTAL FUNDS
General Fund - The Corporate Fund is the general operating fund of the
village. It is used to account for all financial resources except those
required to be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to account for the
proceeds of specific revenue sources (other than special assessments,
expendable trusts, or major capital projects) that are legally restricted
to expenditures for specified purposes.
Debt Service Funds - Debt Service Funds are used to account for the
accumulation of resources for, and the payment of, general long-term debt
priHcipal, interest, and related costs.
Capital Projects Funds - Capital Projects Funds are used to account for
financial resources to be used for the acquisition or construction of major
capital facilities (other than those financed by Proprietary Funds, Special
Assessment Funds, and Trust Funds).
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
St, nmary of Significant Accounting Policies (Cont.)
Fund Accounting (Cont.)
GOVERNMENTAL FUNDS (CONT.)
Special Assessment Funds - Special Assessment Funds are used to account for
the financing of public improvements or services deemed to benefit the
properties against which special assessments are levied.
PROPRIETARY FUNDS
Enterprise Funds - Enterprise Funds are used to account for operations (a)
that are financed and operated in a manner similar to private business
enterprises - where the intent of tMe governing body is that the costs
(expenses, including depreciation) of providing goods or services to the
general public on a continuing basis be financed or recovered primarily
through user charges; or (b) where the governing body has decided that
periodic determination of revenues earned, expenses incurred, and/or net
income is appropriate for capital maintenance, public policy, management
control, accountability, or other purposes.
Internal Service Funds - Internal Service Funds are used to account for the
financing of goods or services provided by one department or agency to
other departments or agencies of the Village, or to other governments, on a
cost-reimbursement basis.
FIDUCIARY FUNDS
Trust and Agency Funds - Trust and Agency Funds are used to account for
assets held by the Village in a trustee capacity or as an agent for
individuals, private organizations, other governments, and/or other funds.
These include Expendable Trust, Nonexpendable Trust, Pension Trust, and
Agency Funds. Nonexpendable Trust and Pension Trust Funds are accounted
for in essentially the same manner as proprietary funds since capital
maintenance is critical. Expendable Trust Funds are accounted for in
essentially the same manner as governmental funds. A~ency Funds are
custodial in nature (assets equal liabilities) and do not involve
measurement of results of operations.
ACCOUNT GROUPS
General Fixed Assets Account Group - The General Fixed Assets Account Group
is used to account for all fixed assets which are not accounted for in
Enterprise, Internal Service or Trust Funds.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
1. S~nmary of Significant Accounting Policies (Cont.)
A. Fund Accounting (Cont.)
ACCOUNT GROUPS (CONT.)
General Long-Term Debt Account Group - The General Long-Term Debt Account
Group is used to account for all long-term debt not accounted for in
Special Assessment, Enterprise, Internal Service or Trust Funds.
B. Fixed Assets and Long-Term Liabilities
The accounting and reporting treatment applied to the fixed assets and
long-term liabilities associated with a fund are determined by its
measurement focus. All Governmental Funds and Expendable Trust Funds are
accounted for on a spending or "financial flow" measurement focus. This
means that only current assets and current liabilities are generally
included on their balance sheets. Their reported fund balance (net current
assets) is considered a measure of "available spendable resources."
Governmental fund operating statements present increases (revenues and
other financing sources) and decreases (expenditures and other financln~
uses) in net current assets. Accordingly, they are said to present a
summary of sources and uses of "available spendable resources" during a
period.
Fixed assets used in governmental fund type operations (general fixed
assets) are accounted for in the General Fixed Assets Account Group, rather
than in governmental funds. Public domain ("infrastructure") general fixed
assets consisting of certain improvements other than buildings, includin~
roads, bridges, curbs and gutters, streets and sidewalks, drainage systems,
and lighting systems, are not capitalized alon~ with other ~eneral fixed
assets. No depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost
if actual historical cost is not available. Donated fixed assets are
valued at their estimated fair value on the date donated.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long-Term Debt Account Group, not in the
funds. The single exception to this general rule is for
governmental
special assessment bonds, which are accounted for in Special Assessment
Funds.
11
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
Summary Significant Accounting Policies (Cont.)
of
B. Fixed Assets and Long-Term Liabilities (Cont.)
The two account groups are not "funds." They are concerned only with the
measurement of financial position. They are not involved with measurement
of results of operations.
Noncurrent portions of long-term receivables due to governmental funds are
reported on their balance sheets, in spite of their spending measurement
focus. Special reporting treatments are used to indicate, however, that
they should not be considered "available spendable resources" since they do
not represent net current assets. Recognition of governmental fund type
revenues represented by noncurrent receivables is deferred until they
become current receivables. Noncurrent portions of long-term loans
receivable are offset by fund balance reserve accounts.
Special reporting treatments are also applied to governmental fund
inventories to indicate that they do not represent "available spendable
resources," even though they are a component of net current assets. Such
amounts are generally offset by fund balance
reserve
Because of their spending measurement focus, expenditure recognition for
governmental fund types is limited to exclude amounts represented by
noncurrent liabilities. Since they do not affect net current assets, such
long-term amounts are not recognized as governmental fund type expenditures
or fund liabilities. They are instead reported as liabilities in the
Long-Term Debt Account Group.
General
All Proprietary Funds and Nonexpendable Trust and Pension Trust Funds are
accounted for on a cost of services or "capital maintenance"
focus. This means that all assets and all liabilities (whether current or
noncurrent) associated with their activity are included on their balance
sheets. Their reported fund equity (net total assets) is segregated into
contributed capital and retained earnings components. Proprietary fund
type operating statements present increases (revenues) and decreases
(expenses) in net total assets.
Depreciation of all exhaustible fixed assets used by proprietary funds is
charged as an expense against their operations. Accumulated depreciation
is reported on proprietary fund balance sheets. Depreciation has been
provided over the estimated useful lives using the straight line method.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
1. Summary of Significant Accounting Policies (Cont.)
B. Fixed Assets and Long-Term Liabilities (Cont.)
The estimated useful liges are as follows:
Buildings 25-50 years
Improvements 10-20 years
Equipment 3-10 years
C. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses
are recognized in the accounts and reported in the financial statements.
Basis of accounting relates to the timing of the measurements made,
regardless of the measurement focus applied.
Ail Governmental Funds and Expendable Trust Funds are accounted for using
the modified accrual basis of accounting. Their revenues are recognized
when they become measureable and available as net current assets.
Taxpayer-assessed income, gross receipts, and sales taxes are considered
"measurable" when in the hands of intermediary collecting governments and
are recognized as revenue at that time. Anticipated refunds of such taxes
are recorded as liabilities and reductions of revenue when they are
measurable and their validity seems certain. Revenues considered to be
susceptible to accrual are:
Taxes Charges for Services
PropertySales Garbage Billings
Income Intergovernmental Revenues
Utility Motor Fuel Tax Allotments
Federal Revenue Sharing Entitlements
Expenditures are generally recognized under the modified accrual basis of
accounting when the related fund liability is incurred. An exception to
this general rule includes accumulated unpaid vacation, sick pay, and other
employee amounts which are not accrued.
13
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
Summary of Significant Accounting Policies (Cont.)
C. Basis of Accounting (Cont.)
All Proprietary Funds and Nonexpendable Trust and Pension Trust Funds are
accounted for using the accrual basis of accounting. Their revenues are
recognized when they are earned, and their expenses are recognized when
they are incurred. Unbilled Water and Sewer Fund utility service
receivables are recorded at year end.
D. Budgets and Budgetary Accounting
The Village follows these procedures in establishing the budgetary data
reflected in the financial statements:
1. The Village Manager submits to the Board of Trustees a proposed
operating budget for the fiscal year commencing the following
1. The operating budget includes proposed expenditures and
January
the means of financing them.
2.Budget hearings are conducted.
3.The budget is legally enacted through passage of an ordinance.
4. The Village Manager is authorized to transfer budgeted amounts between
departments within any fund; however, any revisions that alter the
total expenditures of any fund must be approved by the Board of
Trustees.
E. Encumbrances
gnct~mbrance accounting, under which purchase orders, contracts, and other
commitments for the expenditure of monies are recorded in order to reserve
that portion of the applicable appropriation, is employed. Encumbrances
outstanding at year end are reported as reservations of fund balances since
they do not constitute expenditures or liabilities.
F. Investments
Investments are stated at cost or amortized cost, which approximates
market.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
1. Summary of Significant Accounting Policies (Cont.)
G. Inventory
Inventory is valued at the lower of cost (first-in, first-out) or market.
Inventory in the General and Special Revenue Funds consists of expendable
supplies held for consumption. The cost is recorded as an expenditure at
the time individual inventory items are purchased. Reported inventories
are equally offset by a fund balance reserve which indicates that they do
not constitute "available spendable resources" even though they are a
component of net current assets. Inventory is recorded on the basis of a
physical count.
H..Accumulated Unpaid Vacation, Sick Pay, and Other Employee Benefit Amounts
Consistent with generally accepted accounting principles there have been no
provisions made in accrued expenses for such amounts owing to employees.
It is estimated that an accrual of these salaries would not materially
differ from year to year.
I. Comparative Data
Comparative data for the prior year has not been presented since the last
fiscal year was from April 1, 1979 to December 31, 1979, a period of eight
months. Inclusion of this period's data would not be comparative because
of the different lengths of the fiscal years.
J. Total Columns on Combined Statements - Overview
Total columns on the Combined Statements - Overview are captioned
Memorandum Only to indicate that they are presented only to facilitate
financial analysis. Data in these columns do not present financial
position, results of operations, or changes in financial position in
conformity with generally accepted accounting principles. Neither is such
data comparable to a consolidation. Interfund eliminations have not been
made in the aggregation of this data.
K. Capitalization of Leases
Capitalizable leases (as defined in FASB 13), if any, have been treated in
accordance with FASB 13.
L. Reserves
The Village uses the term "Reserve" to designate portions of fund equity
which are not "available spendable resources" or are restricted by bond
ordinance.
15
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
1. S,~m~ry of Significant Accounting Policies (Cont.)
M. Segment Information
Segment information for Enterprise Funds is presented in a subsequent
footnote.
N. Debt Service
The following funds are used to retire long-term debt:
Debt Service Special Assessment Enterprise
O. Property Taxes
Property Taxes attach as an enforceable lien on January 1. They are levied
the previous September (by passage of a Tax Levy Ordinance). Tax bills are
prepared by the County and issued on or about March i and are pavable in
two installments, on or about June 1 and on or about September 1~ The
County collects such taxes and remits them periodically. Property tax
revenues are recognized in the same accounting period as when both the levy
and lien date have passed.
Property taxes receivable which are delinquent more than one year have been
fully reserved; 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 1980 tax levy, to reflect
actual collection experience.
P. Financial Reporting
The financial statements are presented in accordance with generally
accepted accounting principles applicable to state and local governmental
units. These basic principles have been promulgated by the 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.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
2. Retirement Fund Commitments
A. Illinois Municipal Retirement Fund
1) The Village is a participating member of the Illinois Municipal
Retirement Fund (IMRF) which covers all of its employees who:
a) occupy a job normally requiring 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. The Village had
accumulated assets of $484,639 on the same date. Therefore, the
balance of $1,202,464 remains to be financed by future contributions
the municipality on behalf of its present employees. The
payable
by
normal cost portion of the Village's contribution rate is expected to
provide $312,462 of this amount and the prior service portion of the
rate is expected to provide $890,002. The latter amount is considered
to be unfunded at this time; it is sometimes referred to as the
"actuarial deficiency." As required by Section 7-172, Chapter 108-1/2,
Illinois Revised Statutes, contribution rates are fixed at levels,
certified by the Fund actuary, sufficient to meet the entire cost of
benefit payments ultimately to be made.
contributions this year totaled $209,032. This is a statewide
Actual
plan, administered by IMRF. The Village has no further liability to
this plan.
B. Police Pension Fund
1) Chapter 108-1/2, Sections 3-125 and 127 of the Illinois Revised
Statutes, provide that monicipalities shall establish and maintain a
reserve fund of not less $10,000 for each policeman and each bene-
ficiary; 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
17
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
Retirement Fund Commitments (Cont.)
B. Police Pension Fund (Cont.)
actuarial reserve over a 40 year period ending in 2020. The total
actuarial requirements at December 31, 1979 (the date of the latest
computation) amounted to $5,114,400, as determined by the Illinois
Department of Insurance.
Net present assets $1,853,458
Unfunded accrued liability 3,260,942
$5,114,400
Actual contributions this year totaled $228,614. This is a
single-employer plan administered by the Village.
2) Changes in Fund Balance
Reserved for
Employee
Retirement
Total Unreserved System
Balances - January 1, 1980 $1,815,218 $ (813,800) $2,629,018
Additions
Employer Contributions (Taxes) 250,310 250,310
Employee Contributions 103,715 103,715
Interest 191,144 191,144
Total Balances and Additions $2,360,387 $ (268,631) S2,629,018
Actuarial Adjustments
Increase (Decrease) in
Unfunded Accrued Liability (2,485,382) 2,485,382
Total Revised Balances $2,360,387 $(2,754,013) $5,114,400
Deductions
Separation Refunds $ 5,397 $ 5,397
Benefit Payments 122,078 122,078
Miscellaneous 330 330
Total Deductions $ 127,805 $ 127,805
Balances - December 1, 1980 $2,232,582 $(2,881,818) $5,114 400
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
2. Retirement Fund Commitments (Cont.)
C. Firemen's Pension Fund (Cont.)
3) Tax Levy Requirements
Minimum amount necessary to provide actuarial
amount for the annuities and benefits to
be earned during the year, computed at a
rate of not less than 17.5% of the annual
payroll of active participants as of
April 30, 1979 $178,634
Amount necessary to amortize the unfunded
accrued liablity of $1,290,935 as deter-
mined by the State of Illinois Department
of Insurance over the remaining 27.67
years as contemplated by Section 4-118
of the Illinois Pension Code 77,986
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 $256,620
21
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
Long-Term Debt
A. Changes in Long-Term Debt
Balances Balances
Jan. 1, 1980 Issuances Retirements Dec. 31, 1980
General Obligation Bonds
Public Administration
Building Bonds 1972 $ 995,000 $100,000 $ 895,000
Public Library Parking
Lot of 1976 40,000 40,000
Municipal Building
Bonds of 1979 950,000 50,000 900,000
Special Service Area #1
of 1980 $ 70,000 7,000 63,000
Waukegan Road Sanitary
District Sewer Bonds
of 1968 30,000 4,000 26,000
$ 1,985,000 $100,000 $201,000 $ 1,884,000
General Obligation Bonds
Carried as Liabilities
On Enterprise Funds
Corporate Purpose -
1976 $ 285,000 $ 40,000 $ 245,000
1977 4,225,000 4,225,000
1979 5,700,000 100,000 5,600,000
$10,210,000 $140,000 $10,070,000
Revenue Bonds
Waterworks and Sewerage
Revenue Bonds - 1964 $ 510,000 - $ 50,000 $ 460,000
Special Assessment Bonds $ 30,000 - - $ 30,000
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
5. Motor Fuel Tax Fund
The balance of Unobligated Funds in the Motor Fuel Tax Fund at December 31,
1980 is $1,334,467.
Unnbligated Funds
January 1, 1980 $ 883,692
Allotments 385,971
Credits (Unexpended - Approved Projects
and Interest Income)
Project Number
1972 - 00051-O0-TD $ 30,432
1974 - 00056-00-AC 11,590
1978 - 00000-00-AC 38,135
1978 - 00071-O0-1R 37,991
1979 - 00000-00-AC 78,047 196,195
$1,465,858
Less - Authorizations by the Illinois
Department of Transportation
Project Number
1977 - 00068-O0-RP $119,251
1978 - O0000-00-GR 64
1978 - O0071-O0-IR 707
1978 - 00072-00-SP 6,889
1972 - 00051-00-TD 4,480 131,391
December 31, 1980 $1,334,467
25
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
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, of the expendi-
Repayment
ture is to be derived from net revenue produced from parking
meters installed and parking permits sold.
Lease B
a. Period - October 1, 1972 to September 30, 1982
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
Leasehold Improvements of the Commuter Parking Lot Fund
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, 1980
7. Capital Projects Funds
A. The Village Hall Construction Fund is accounting for the construction of
the new village hall completed in November of 1980. The contract for the
construction of the new village hall is $1,832,964.
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 and construction has not begun.
C. The Village established Special Service Area Number One on June 2, 1980
to provide municipal services to the Swainwood Subdivision, including the
purchase and installation of street lighting fixtures. $70,000 of
General Obligation Bonds were issued to finance the improvements. The
construction of the street lighting improvements is accounted for in the
Special Service Area Number One Capital Projects Fund while the
retirement of the Bonds will occur within the Debt Service Fund.
8. Waterworks and Sewerage Fund - East - Revenue Bond Ordinance Disclosures
1. Section 9 of the Revenue Bond Ordinance of 1964 created the following
Accounts:
a) Operation and Maintenance Account
b) Bond and Interest Account
c) Bond Reserve Account
d) Depreciation, Improvement and Extension Account
e) Surplus Revenue Account.
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
annual basis.
Bond and interest account - an amount not less than 1/5 of the interest
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 each month until all bonds have
been paid or provided for.
27
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
Waterworks and Sewerage Fund - East - Revenue Bond Ordinance Disclosures
1. (Cont.)
Depreciation, improvement and extension account - the stun of $2,000
each month.
Surplus revenue account - at the end of each fiscal all monies after
year
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 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 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, any
in thereof be transferred to the bond account to
sums
excess
may
reserve
or
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
such percentage as the President and Board of Trustees
may establish.
2. Supplemental information required under bond ordinance provisions, not
subject to audit:
a. Number of sewer customers served during fiscal year 7,641
b. Number of metered water customers at December 31, 1980 11,645
c. Number of unmetered water customers at December 31, 1980 0
d. Gallons of water pumped during fiscal year. 2,169,978,000
e. Gallons of water billed during fiscal year. 1,913,391,000
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
9. Waukegan RoAd Sanitary District
During fiscal year ended December 31, 1980, the Village annexed all land
surrounding the Waukegan Road Sanitary District with the agreement that it
would take ownership of the assets and pay off any outstanding liabilities
which included a $30,000 remaining balance on General Obligation Bonds. This
activity was recorded in the Waterworks and Sewerage Fund - East.
10. Deficit Fund Balances/Retained Earnings of Individual Funds
No fund had a deficit Fund Balance/Retained Earnings at December 31, 1980.
11. The Village maintains two Enterprise Funds which provide water and sewerage, and
one Enterprise Fund providing parking services. Segment information for the year
ended December 31, 1980 is as follows:
Waterworks Waterworks Commuter
and Sewerage and Sewerage Parking
Fund - East Fund - West Lot Total
Operating Revenues $1,603,601 $1,790,601 $ 52,582 $ 3,446,784
Depreciation, Depletion, and
Amortization Expense 131,119 147,092 5,289 283,500
Operating Income or (Loss) 114,752 715,737 28,711 859,200
Operating Grants, Entitlements,
and Shared Revenues - - -
Operating Tr ansi~er s
In - - -
Tax Revenues - -
Net Income 168,968 679,609 31,202 879,779
Current Capital Contributions
and Transfers
Contributions
Transfers 35,133 - 35,133
Plant, Property and Equipment
Additions 103,116 5,210,866 5,313,982
Delet ions -
Net Working Capital 716,617 1,727,875 78,669 2,523,161
Bonds and Other Long-Term Liabilities
Payable from Operating Revenues 705,000 9,825,000 10,530,000
Payable from Other Sources
Total Equity $4,298,288 $1,202,300 $113,355 $ 5,613,943
29
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
12. Interfund Receivables and Payables
Due Due
From To
General
Corporate
Library $ 101,292
Illinois Municipal Retirement $ 2,296
Federal Revenue Sharing 60,000
Debt Service 15,995
Public Benefit 18,0&9
Waterworks and Sewerage Fund - East 505
Waterworks and Sewerage Fund - West 10,632
Police Pension 1,227
Firemen's Pension 898
Escrow Deposit 224,415
Deposit 7,788
$ 396,844 $ 46,253
Special Revenue
Public Library
Corporate $ 101,292
Debt Service $ 98,548
Village Hall Construction 100,000
$ 98,548 S 201,292
Federal Revenue Sharing
Corporate $ 60,000
Debt Service $ 111,236
$ 111,236 S 60,000
Illinois Municipal Retirement
S 2,296
Corporate
Debt Service $ 1,723
$ 2,296 $ 1,723
Total Special Revenue $ 212,080 $ 263,015
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
12. Interfund Receivables ,nd Payables (Cont.)
Due Due
From To
Debt Service
Debt Service
Corporate $ 15,995
Public Library $ 98,548
Illinois Municipal Retirement 1,723
Federal Revenue Sharing 111,236
Village Hall Construction 38,349
Waterworks and Sewerage Fund - East 7,581
Waterworks and Sewerage Fund - West 435,209
Police Pension 1,077
Firemen's Pension 646
$ 454,650 $ 255,714
Public Benefit
Corporate $ 18,049
Special Assessment $ 9,046
$ 18,049 $ 9,046
Total Debt Service $ 472,699 $ 264,760
Capital Projects
Village Hall Construction
Debt Service $ 38,349
Public Library 100,000
$ 138,349
Special Assessment
Special Assessment
Public Benefit $ 9,046
Enterprise
Waterworks and Sewerage Fund - East
Corporate $ 505
Debt Service $ 7,581
Waterworks and Sewerage Fund - West 100,000
$ 7,581 $ 100,505
Waterworks and Sewerage Fund - West
Corporate $ 10,632
Debt Service 435,209
Waterworks and Sewerage Fund - East $ 100,000
$ 100,000 $ 445,841
Total Enterprise $ 107,581 $ 546,346
31
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
12. Interfund Receivables and Payables (Cont.)
Due Due
From To
Trust and Agency
Deposit
Corporate $ 7,788
Police Pension
Corporate $ 1,227
Debt Service $ 1,077
$ 1,227 $ 1,077
Firemen's Pension
Corporate $ 898
Debt Service $ 646
$ 898 $ 646
Escrow Deposit
Corporate $ 224,415
Total Trust and Agency $ 9,913 $ 226,138
$1,346,512 $1,346,512
13. Waterworks and Sewerage Fund East and West - Long-Term Bonds Payable
The financial statements reflect the Corporate Purpose Bonds, Series 1976, 1977
and 1979 as long-term liabilities (principal only) at December 31, 1980. These
are general obligation bond issues whose tax levy. has been abated and payments
for the debt are being made by the Waterworks and Sewerage Funds. The intent
of the Village is to continue this practice in future years. In prior years,
financial statements reflect the liability for the Corporate Purpose Bonds in
the Fund Equity section as a contribution from Municipality.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1980
14. Prior Period Adjustments
Federal Revenue Sharing Fund
To transfer the Fund Balance of the Fire Station Building
Bonds of 1974 from Debt Service into Federal Revenue Sharing $ 111,236
Debt Service Fund
To transfer the Fund Balance of the Fire Station Building
Bonds of 1974 from Debt Service to Federal Revenue Sharing $(111,236)
To Close the Fund Balances in the Corporate Purpose Bond Issue,
Series 1976 and 1977, previously recorded in Debt Service.
These bond issues are now being accounted for in Waterworks
and Sewerage Fund - East. (241,795)
To record 1/1/80 Cash at Paying Agent for Police Administration
Bonds, Series 1972 not accounted for as such on the December
31, 1979 Financial Statements. 28,449
$(324,582)
Waterworks and Sewerage Fund - East
To record the Fund Balance of the Corporate Purpose Bond Issue,
Series 1976 previously recorded in the Debt Service Fund $ 7,581
To record a supplemental water billing for 1979 from the Village
of Wilmette paid by Village of Glenview in 1980 (68,149)
$ (60,568)
Waterworks and Sewerage Fund - West
To record the Fund Balances of the Corporate Purpose Bond Issue,
Series 1977 previously recorded in the Debt Service Fund $ 234,214
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
i GOVERNMENTAL FUND TYPES
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
!
I
33
VILLAGE OF GLEN¥IEW, ILLINOIS
CORPORATE FUND
BALANCE SHEET
DECEMBER 31, 1980
ASSETS
Cash and Investments $ 815,833
Property Taxes Receivable - Current Levy 952,750
Allowance for Uncollectible Taxes (9,528)
Replacement Taxes Receivable 48,492
Accounts Receivable 782,355
Due from Other Funds (Note 12) 396,844
$2,986,746
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable $ 231,244
Due to Other Funds (Note 12) 46,253
Refundable Deposits 5,575
Total Liabilities $ 283,072
Fund Balance (Page 34) $2,703,674
$2,986,746
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Revenues
1980 Tax Levy $ 952,750
Provision for Uncollectible Taxes (9,528)
$ 925,000 $ 943,222
Replacement Taxes 56,052
Prior Years' Tax (14,812)
Municipal Sales Tax 1,500,000 1,570,777
Utility Tax 1,357,800 1,302,489
Illinois Income Tax 572,640 531,375
Road and Bridge Tax 50,000 57,073
Traffic Fines 160,000 163,544
Interest on Investments 70,000 154,305
Transfers From Other Funds for
Administrative Charges 316,740 286,740
Intergovernmental Transfers 64,300 62,047
Miscellaneous 76,000 83,441
Licenses (Page 88) 383,150 438,661
Permits and Current Service Charges (Page ) 255,300 206,674
$5,730,930 $5,841,588
Expenditures (Page 35)
General Government $1,119,374 $1,074,895
Public Safety 2,881,373 2,778,722
Development and Public Services
Administration 1,518,397 1,319,983
$5,519,144 $5,173,600
Excess of Revenues over Expenditures before
Operating Transfers $ 211,786 $ 667,998
Operating Transfers In (Out)
Special Service Area Number One Fund $ 22,547
Escrow Deposit Fund $ 122,964 224,415
Village Hall Construction Fund (300,000) (300,000)
Public Works Construction Fund (150,000) (150,000)
$ (327,036) $ (203,038)
Excess of Revenues over Expenditures $ (115,250) $ 464,950
Fund Balance
January 1, 1980 2,238,724
December 31, 1980 (Page 33) $2,703,674
See accompanying Notes to the Financial Statements.
35
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
General Government
Board of Trustees $ 5,650 $ 5,660
Special Board 67,051 67,610
Village Clerk's Office 8,447 7,031
Elections 740
Legal 255,192 237,40q
Village Manager's Office 145,864 140,586
Finance 308,805 299,455
Municipal Building and Grounds 92,741 89,847
Personnel 234,884 227,297
$1,119,374 $1,074,895
Public Safety
Police Department $1,749,799 $1,666,124
Fire Department 1,116,100 1,099,763
Printing and General Services 15,474 12,835
~2,881,373 $2,778,722
Development and Public Services
Administration $ 92,776 $ 89,373
Planning and Zoning 45,712 23,757
Engineering 130,221 113 836
Public Works - General Street
Maintenance
34q,538
318
689
Public Works - Special Projects 249,800 157 702
Public Works - Snow Removal 107,724 102 516
Public Works - Parkway Maintenance 128,858 124.737
Public Works - Garage 204,389 193.310
Building Inspection 162,5~9 150~681
General Health 46,870 &5,3~2
$1,518,397 Sl,319,983
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I SPECIAL REVENUE FUNDS
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
38
VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BI.GET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Revenues
1980 Tax Levy $537,145
Provision for Uncollectible Taxes (5,37])
$458,935 $531,77A
Replacement Taxes 20,225
Prior Years' Taxes (8,287)
Interest Income 13,000 37,715
Other Current Charges 56,000 55,790
Donations 8,393
$527,935 $645,610
Expenditures (Page 99) $529,435 $529,925
Excess of Revenues over Expenditures $ (1,500) 115,685
Fund Balance
January l, 1980 $697,317
December 31, 1980 (Page 37) S813,002
See accompanying Notes to the Financial Statements.
4O
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, 1980
Budget Actual
Revenues
1980 Tax Levy $307,646
Provision for Uncollectible Taxes (3,076)
$290,367 $304,570
Replacement Taxes 12,787
Prior Year Taxes (5,785)
Transfer From Other Funds 44,919 44,919
Employee Deductions 212,809 209,032
$548,095 ~565,523
Expenditures
Participating $474,713 $438,823
Non-Participating 25,997 23,206
$500,710 $462,029
Excess of Revenues over Expenditures $ 47,385 $103,494
Fund Balance
January 1, 1980 427,957
December 31, 1980 (Page 37) $531,451
See accompanying Notes to the Financial Statements.
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, 1980
Budget Actual
Revenues
Allotments $ 336,000 $ 385,971
Interest Income 22,000 131,583
Reimbursements from State of Illinois
Engineering 14,495
$ 358,000 $ 532,049
Expenditures
Maintenance $ 60,000
Mass Transit 5,000 $ 4,480
Faus/Harlem Central 500,000 8,210
Milwaukee Railroad Crossing - Glenview Road 22,500 9,191
Chicago Northwestern Railroad Crossing -
Glenview Road 10,000
Grove Street Bridge 100,000 7,168
Linneman Street Paving 60,000 994
Club Circle/Chatham 275,000 1,389
Washington Street Widening 20,000
Waukegan Road Median 10,000
Park Drive Paving 300,000 2,605
Burr Oak Paving 380,000 1,685
$ 1,742,500 $ 35,722
Excess (Deficiency) of Revenues
over Expenditures $(1,384,500) $ 496,327
Fund Balance
January 1, 1980 1,108,416
December 31, 1980 (Page 37) $1,604,743
See accompanying Notes to the Financial Statements.
I
I
!
I
I
I
I
I
I
I
I
I
I
I
I
I DEBT SERVICE FUNDS
!
I
!
I
I
I
I
I
I
I
I
I
i
I
I
i
I
!
I
CAPITAL PROJECTS FUNDS
!
i
I
I
!
I
I
I
I
I
I
I
I
I
!
i
i
I
i
46
VILLAGE OF GLENVIEW, ILLINOIS
VILLAGE HALL CONSTRUCTION FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Revenues
Interest Income $ 61,000 $ 35,270
Miscellaneous 329
$ 61,000 $ 35,599
Expenditures
Contractual Services 1,010,898 1,088,475
Excess (Deficiency) of Revenues over Expenditures
before Operating Transfers $ (949,898) $(1,052,876)
Operating Transfers In (Out)
Corporate Fund 300,000 300,000
Excess (Deficiency) of Revenues over Expenditures $ (649,898) $ (752,876)
Fund Balance
January 1, 1980 996,802
December 31, 1980 (Page 45) $ 243,926
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
PUBLIC WORKS GARAGE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Revenues
Interest Income $ 35,000 $ 50,197
Expenditures
Contractual Services 598,208 6,196
Excess (Deficiency) of Revenues over Expenditures
before Operating Transfers $(563,208) $ 44,001
Operating Transfers In (Out)
Corporate Fund $ 150,000 $ 150,000
Revenue Sharing Fund 111,400 111,400
$ 261,400 $ 261,400
Excess (Deficiency) of Revenues over Expenditures $(301,808) $ 305,401
Fund Balance
Janaury 1, 1980 287,327
December 31, 1980 (Page 45) $ 592,728
See accompanying Notes to the Financial Statements.
48
VILLAGE OF GLENVIEW, ILLINOIS
SPECIAL SERVICE AREA NUMBER ONE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Revenues - -
Expenditures
Lighting Improvements - $ 47,453
Excess (Deficiency) of Revenues ove Expenditures
before Other Financing Sources (Uses) - $(~7,453)
Other Financing Sources (Uses)
Operating Transfers (Out) - Corporate Fund $(22,547)
Bond Proceeds 7~,000
$ 47,453
Excess of Revenues over Expenditures -
Fund Balance
January 1, 1980 -
December 31, 1980 (Page 45) -
VILLAGE OF GLENVIEW, ILLINOIS
CAPITAL EQUIPMENT REPLACEMENT FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Revenues
Interest Income $ 7,560
Miscellaneous $ 161,687 177,703
$ 161,687 $ 185,263
Expenditures
Contractual Services $ 420
Automobiles $ 64,200 44,995
$ 64,200 $ 45,415
Excess of Revenues over Expenditures $ 97,487 $ 139,848
Fund Balance
January 1, 1980 -
December 31, 1980 (Page 45) $ 139,848
SPECIAL ASSESSMENT FUNDS
I
I
I
i
I
I
I
I
I
I
i
I
I
I
i
I
I
I
i
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I PROPRIETARY FUND TYPES
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1980
(See Following Page)
VILLAGE OF GLENVIEW, ILLINOIS ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1980
Waterworks Waterworks
and and Commuter
Sewerage Sewerage Parking
Fund - East Fund - West Lot Fund Totals
ASSETS
Current Assets
Cash and Investments $ 712,636 $1,701,589 $ 78,694 $2,492,919
Receivables
Accounts Receivable 269,004 439,060 708,064
Interest Receivable 17,490 100,400 117,890
DueInventory from Other Funds (Note 12) 16,000 7,581 100,000 107,581 16,000
$ 1,022,711 $ 2,341,049 $ 78,694 $ 3,442,454
Restricted Assets
Cash and Investments S 489,260 $ 557,788 $ 1,047,048
Interest Receivable 5,110 5,110
Intrafund Receivables 7,500 7,500
Construction Costs to be
Incurred in Future Periods 1,430,593 1,430,593
$ 501,870 $ 1,988,381 $ 2,490,251
Fixed Assets
Cost $ 5,560,884 $ 9,663,034 $106,513 $15,330,431
Accumulated Depreciation (1,721,623) (363,609) (71,827) (2,157,059)
$ 3,839,261 $ 9,299,425 $ 34,686 $13,173,372
$ 5,363,842 $13,628,855 $113,380 $19,106,077
See accompanying Notes to the Financial Statements.
52
Waterworks Waterworks
and and Commuter
Sewerage Sewerage Parking
Fund - East Fund - West Lot Fund Totals
LIABILITIES AND FUND EQUITY
Current Liabilities (Payable from Current Assets)
Accounts Payable $ 205,589 $ 167,333 $ 25 $ 372,947
Due to Other Funds (Note 12) 100,505 445,841 546,346
$ 306,094 $ 613,174 $ 25 $ 919,293
Current Liabilities (Payable from Restricted Assets)
Bonds Payable $ 40,000 $ 250,000 S 290,000
Interest Payable 6,960 307,788 314,748
Contracts Payable 1,430,593 1,430,593
Intrafund Payables 7,500 7,500
$ 54,460 $ 1,988,381 $ 2,042,841
Long-Term Liabilities
Bonds Payable (Note 13) $ 705,000 $ 9,825,000 $10,530,000
Total Liabilities $1,065,554 $12,426,555 $ 25 $13,492,134
Fund Equity
Retained Earnings
Reserved $ 447,410 $ 447,410
Unreserved (Page 53) 3,850,878 $ 1,202,300 $113,355 5,166,533
Total Fund Equity $4,298,288 $ 1,202,300 $113,355 $ 5,613,943
$5,363,842 $13,628,855 $113,380 $19,106,077
VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - UNRESERVED
FOR THE YEAR ENDED DECEMBER 31, 1980
Waterworks Waterworks
and and Commuter
Sewerage Sewerage Parking
Fund - East Fund - West Lot Fund Totals
Operating Revenues
Charges for Services
Water and Sewer Charges $1,551,619 51,766,792 $3,318,411
Meter Fees $ 52,582 52,582
Water Connection Charges 28,559 7,985 36,544
Water Meters and Remote
Readers 5,351 8,553 13,904
Miscellaneous 18,072 7,271 25,343
Total $1,603,601 $1,790,601 S 52,582 $3,446,784
Operating Expenses - Excluding
Depreciation
Administration $ 226,990 $ 333,921 $ 18,582 $ 579,493
Operations and Maintenance 1,130,740 593,851 1,724,591
Total $1,357,730 $ 927,772 $ 18,582 $2,304,08~
Net Operating Income (Loss)
before Depreciation and
Amortization $ 245,871 $ 862,829 $ 34,000 $1,142,700
Depreciation $ 131,119 $ 147,092 $ 278,211
Amortization $ 5,289 5,289
$ 131,119 $ 147,092 $ 5,289 $ 283,500
Net Operating Income $ 114,752 $ 715,737 $ 28,711 $ 859,200
Nonoperating Revenues (Expenses)
Interest Income $ 84,309 $ 578,684 $ 2,491 $ 665,484
Interest Expense (30,093) (614,812) (644,905)
$ 54,216 $ (36,128) $ 2,491 $ 20,579
Net Income $ 168,968 $ 679,609 S 31,202 $ 879,779
Retained Earnings - Unreserved
January 1, 1980 $3,707,345 $ 288,477 $ 82,153 $4,077,975
Prior Period Adjustments(Note 14) (60,568) 234,214 173,646
Intrafund Transfers From (to)
Retained Earnings - Reserved
Restricted Accounts 35,133 35,133
$3,681,910 $ 522,691 $ 82,153 $4,286,754
December 31, 1980 (Page 52) $3,850,878 $1,202,300 $113,355 S5,166,533
See accompanying Notes to the Financial Statements.
54
VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING STATEMENT OF
REVENI~S,
EXPENSES,
AND CHANGES IN RMTAINED EARNINGS - UNRESERVED
FOR THE YEAR ENDED DECEMBER 31, 1980
Waterworks Waterworks
and and Commuter
Sewerage Sewerage Parking
Fund - East Fund - West Lot Fund Totals
Cash Was Provided By
Operations
Net Income (Loss) $ 168,968 $ 679,609 $ 31,202 $ 879,779
Add Back Non-Cash Expense
Depreciation 131,119 147,092 278,211
Amortization 5,289 5,289
$ 300,087 $ 826,701 $ 36,491 $ 1,163,279
Increase in Current Liabilities 141,993 394,408 25 536,426
Transfers to Restricted Accounts 121,013 1,988,381 2,109,394
Prior Period Adjustment 234,214 234,214
$ 563,093 $ 3,443,704 $ 36,516 $ 4,043,313
Cash Was Used To
Increase Current Assets $ 180,696 $ 347,403 $ 528,099
Purchase Fixed Assets 103,116 5,210,866 5,313,982
Pay Bond Principal 90,000 250,000 340,000
Transfer to Restricted Accounts 85,880 85,880
Make a Prior Period Adjustment 60,568 60,568
Increase Restricted Assets 1,988,381 1,988,381
$ 520,260 $ 7,796,650 - $ 8,316,910
Net Increase (Decrease) $ 42,833 $(4,352,946) $ 36,516 $(4,273,597)
Cash and Investments
January 1, 1980 669,803 6,054,535 42,178 6,766,516
December 31, 1980 $ 712,636 $ 1,701,589 $ 78,694 $ 2,492,919
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWOP~S ~ SEWERAGE FU~D - EAST
BALANCE SWEET
DECEMBER 31~ 1980
Restricted Accounts
Operations Bond Depreciation,
Receivables
Due from Other Funds (Note 12) 7,581 7,581
Assets
Cash and Investments $ 218,072 $ 46,960 $ 224,228 $ 489,260
$ 230~682 $ 46,960 $ 224,228 $ 501~g70
Fixed Assets (Page 58)
Cost $ 5,560,884 $ 5,560,884
Accumulated Depreciation (1~721,623) (1,721,623)
$ 3~839,261 $ 3~839~261
$ 4~861~972 $ 230,682 $ 46,960 $ 224,228 $ 5,363~842
Assets)
Accounts Payable $ 205,589 $ 205,589
$ 306;094 $ 306~09&
Assets)
Bonds Payable $ 40,000 $ 40,000
Intrafund Payables $ 7~500 ?~500
Bonds Payable $ 705~000 $ 705~000
Total Liabilities $ 1,011,094 $ 46,960 $ 7~500 $ 1,065,554
Reserved (Page 57) $ 230,682 $ 216,728 $ 447,410
Unreserved (Page 56) $ 3~850~878 3~850~878
Total Fund Equity $ 3~850t878 $ 230~682 $ 216~728 $ 4~298,288
$ 4~861~972 $ 230~682 $ 46~960 $ 224~228 $ 5,363~842
56
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Operating Revenues
Water and Sewer Charges $1,225,000 $1,551,619
Water Meter Repair Charges 2,760
Water Connection Charges 60,000 28,559
Water Meters and Remote Readers 12,000 5,351
Brass Fittings 3,000 1,696
Water for Construction 2,000 3,587
Miscellaneous 7,500 10,029
$1,309,500 $1,603,601
Operating Expenses (Pages 100-102)
Water Administration $ 232,530 $ 226,990
Water Operations and Maintenance 809,472 795,551
Pumping Station 72,899 122,223
Distribution System 134,050 134,349
Sewer Operations and Maintenance 95,582 78,617
$1,344,533 $1,357,730
Net Operating Income (Loss) before Depreciation $ (35,033) $ 245,871
Depreciation 131,119
Net Operating Income (Loss) $ (35,033) $ 114,752
Add Nonoperating Income (Expenses)
Interest Income $ 33,000 $ 84,309
Interest Expense (16,333) (30,093)
$ 16,667 $ 54,216
Net Income (Loss) ~ ..(18,366) $ 168,968
Retained Earnings - Unreserved
January 1, 1980 $3,707,345
Intrafund Transfers to Retained Earnings -
Reserved - Restricted Accounts 35,133
Prior Period Adjustment (Note 14) (60,568)
$3,681,910
December 31, 1980 (Page 55) $3,850,878
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
STATEMENT OF CHANGES IN RETAINED EARNINGS -
RESERVED - RESTRICTED ACCOUNTS
FOR THE YEAR ENDED DECEMBER 31, 1980
Bond Depreciation,
Principal Extension
and and Bond
Interest Improvement Reserve Total
Increases
Interest Income $ 17,493 $ 10,690 $ 28,183
Transfer from Operations
and Maintenance Account $ 54,380 24,000 7,500 85,880
Transfer from Waterworks
and Sewerage Fund West 75,000 7,500 82,500
Watermain Agreement 3,562 3,562
$ 54,380 $120,055 $ 25,690 $200,125
Decreases
Transfers to Operations
and Maintenance for Payment
of Bond Principal and
Interest $ 54,380 $ 66,633 $121,013
Extraordinary Repairs and
Replacements $ 8,173 8,173
Bank Charges 49 49
$ 54,380 $ 8,173 $ 66,682 $129,235
Net Increase (Decrease) - $111,882 $(40,992) $ 70,890
Account Balance
January 1, 1980 - 104,846 271,674 376,520
December 31, 1980 (Page 55) - $216,728 $230,682 $447,410
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - WEST
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN
RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Operating Revenues
Water and Sewer Charges $1,200,000 $1,766,792
Water Connection Charges 155,000 7,985
Water Meters and Remote Readers 30,000 8,553
Brass Fittings 3,000 713
Water for Construction 6,000 2,098
Turn on Charges 3,500 2,890
Miscellaneous 37,000 1,570
$1,434,500 $1,790,601
Excluding Depreciation (Pages 103-104)
Operating
Expenses
Water Administration $ 635,404 $ 333,921
Waterworks Operations and Maintenance 358,566 331,761
Pumping Station 217,264 139,356
Distribution System 112,639 122,734
Special Projects
$1,323,873 $ 927,772
Net Operating Income before Depreciation $ 110,627 $ 862,829
Depreciation 147,092
Net Operating Income $ 110,627 $ 715,737
Add Non-Operating Income (Expenses)
Interest Income $ 346,000 $ 578,684
Interest Expense (614,812)
$ 346,000 $ (36,128)
Net Income S 456,627 $ 679,609
Retained Earnings
January 1, 1980 $ 288,477
Prior Period Adjustment (Note 14) 234,214
$ 522,691
December 31, 1980 (Page 52) $1,202,300
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Revenues
Meter Fees S 52,582
Expenditures
Contractual and Professional Services $ 9,624
Maintenance Materials 406
Rentals $ 8,552
$ 18,582
Net Operating Income before Amortization $ 34,000
Provision for Amortization 5,289
Net Operating Income $ 28,711
Nonoperating Revenues
Interest Income 2,491
Net Income
$ 31,202
Retained Earnings
January 1, 1980 82,153
December 31, 1980 (Page 52) $113,355
See accompanying Notes to the Financial Statements.
I
I
I
I
I
I
I
i
I
I
I
I
I
I
I
I FIDUCIARY FUND TYPES
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
!
I
I
I
I
I
I
I
I
VILLAGE OF GLENVIEW, ILLINOIS I
TRUST AND AGENCY FUNDS
EXPENDABLE TRUST FUND - DEPOSIT FUND
STATEMENT OF REVENUES, EXPENDITURES, I
AND CHANGES IN FUND BALANCE
FOR THE YEAR ENDED DECEMBER 31, 1980
Revenues I
Interest $ 248
Expenditures - B
Excess of Revenues over Expenditures $ 248 I
Fund Balance I
January 1, 1980 -
December 31, 1980 (Page 62) $ 248 I
See accompanying Notes to the Financial Statements. I
64
VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND BALANCES (PENSION TRUST FUNDS)
FOR THE YEAR ENDED DECEMBER 31, 1980
Police Firemen's
Pension Pension
Fund Fund Totals
Revenues
Property Taxes - Net $ 228,614 $ 160,871 $ 389,485
Replacement Taxes 9,315 6,554 15,86~
Interest Income 191,143 131,q56 323,099
Employee Contributions 103,715 72,944 176,659
Other 12,381 29,006 41,387
$ 545,168 $ 401,331 $ 946,499
Expenses
Pensions Paid $ 122,078 $ 32,501 $ 154,579
Other 5,726 7,221 12,947
$ 127,804 $ 39,722 $ 167,526
Excess (Deficiency) of Revenues over
Expenditures $ 417,364 $ 361,609 S 778,973
Fund Balances
January 1, 1980 1,815,218 1,170,380 2,985,598
December 31, 1980 (Page 62) $2,232,582 $1,531,q89 $3,764,571
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
COMBINING STATEMENT(PENSION OF CHANGES TRUST FUNDS) IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1980
Police Firemen's
Pension Pension
Fund Fund Totals
Cash Was Provided By
Operations
Net Income $ 417,364 $ 361,609 $ 778,973
Increase in Current Liabilities 1,207 646 ],853
$ 418,571 $ 362,255 S 780,826
Cash Was Used To
Increase Current Assets $ 99,i09 $ 74,217 $ 173,326
$ 99,109 $ 74,217 $ 173,326
Net Increase $ 319,462 $ 288,038 $ 607,500
Cash and Investments
January 1, 1980 1,641,322 1,048,009 2,689,331
December 31, 1980 (Page 62) $ 1,960,784 $1,336,047 $3,296,831
See accompanying Notes to the Financial Statements.
66
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, 1980
Budget ^ctual
Revenues
1980 Tax Levy $ 234,359
Provision for Uncollectible Taxes 2,344
$170,654 S 232,015
Prior Year's Taxes (3,401)
Replacement Taxes 9,315
Employees' Contributions 102,267 103,715
Interest Income 120,000 191,143
Donations - Police Pension 350
Transfer from Corporate Fund to Increase
Reserves by 1% 12,031 12,031
$404,952 $ 545,168
Expenses
Pensions Paid $145,349 $ 122,078
Other Operating Expenses 250 5,726
Pension Reserve 15,000
$160,599 $ 127,804
Excess of Revenues over Expenditures $244,353 S 417,364
Fund Balance
January 1, 1980 1,815,218
December 31, 1980 (Page 62) $2,232,582
See accompanying Notes to the Financial Statements.
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, 1980
Budget Actual
Revenues
1980 Tax Levy S 164
Provision for Uncollectible Taxes 1 649
$120,090 $ 163 270
Prior Year's Taxes (2 399)
Replacement Taxes 6 554
Employees' Contributions 62,226 72 944
Interest Income 73,000 131 956
Foreign Fire Insurance Tax 17,500 20,211
Transfer from Corporate Fund to Increase
Reserves 8,545 8,795
$281,361 $ 401,331
Expenses
Pensions Paid $ 35,287 $ 32,501
Other Operating Expenses 1,000 1,205
Loss on Sale of Investments 6,016
Pension Reserve 10,000
$ 46,287 $ 39,722
Excess of Revenues over Expenditures $235,074 $ 361,609
Fund Balance
January 1, 1980 1,170,380
December 31, 1980 (Page 62) Sl,531,989
See accompanying Notes to the Financial Statements.
68
VILLAGE OF GLENVIEW, ILLINOIS
ESCROW DEPOSIT FUND
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED DECEMBER 31, 1980
Balance Balance
Jan. 1, 1980 Additions Deletions Dec. 31, 1980
ASSETS
Cash and Investments $1,926,250 S98,928 8442,147 $1,583,031
LIABILITIES
Refundable Deposits $1,798,034 S442,147 $1,355,887
Due to Other Funds 128,216 $96,199 22A,415
Accounts Payable 2,729 2,729
$1,926,250 $98,928 $442,147 S1,583,031
See accompanying Notes to the Financial Statements.
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I ACCOUNT GROUPS
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I GENERAL FIXED ASSETS
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
69
VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31, 1980
January 1, December 31,
1980 Additions Deletions 1980
GENERAL FIXED ASSETS
New Village Hall S2,119,146 $2,119,146
Old Village Hall $ 384,740 384,740
Parking Lot 205,436 21,015 226,451
Library 1,444,390 16,656 1,461,046
Police and Fire Department 3,597,337 90,898 $ 27,696 3,660,539
Public Works Department 1,054,351 15,349 1,069,700
Transmitter Station 5,005
5,OO5
Sidewalks 96,434 96,434
Depot Street Land 110,000 110,000
Harmony Lane Land 4,676 4,676
Recycling Center 5,340 5,340
Butler Land 90,000 90,000
Rustive Manor Land 118,839 118,839
Techny Retention Basin 232,500 232,500
Public Works Garage 147,623 147,623
General Government
Departments 13,974 13,974
Construction in Progress
New Village Hall 971,564 1,147,582 2,119,146 -
New Public Works Garage 212,485 212,485
$8,694,694 $3,410,646 $2,146,842 $9,958,498
INVESTMENT IN GENERAL
FIXED ASSETS
General Revenues and
Bond Issues $8,694,694 $3,410,646 $2,146,842 S9,958,498
See ac¢ompanylng ~otes to the F~nan¢iai Statement~.
I
I
I
I
I
i
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
!
I
I
I
I
I
I
!
I
I
!
I
I
i GENERAL LONG-TERM DEBT
I
I
I
I
I
I
I
I
I
!
I
I
I
I
I
I
i
I
I
i
I
!
I
i
I
I
i
I
i
I
I
I
!
!
i
i
i
SUPPLEMENTARY DATA
i
I
!
I
I
i
i
I
I
!
i
I
I
I
I
I
I
I
I
71
~e Honorable '~hom~$ ~, Smith, V~ll~e Pre~dent
Members of the Board of Trustees
Village of Glenview, Illinois
The accompanying financial information is oresented for supplementary
analysis purposes and is not considered necessary for a fair ~resen-
tation of the basic financial statements. Our examination of the basic
financial statements for the year ended December 31, 1980, which are
presented in the first section of this report, was made for the primary
purpose of formulating an opinion on those statements.
Karrison & Byrne
April 24, 1981
Bank of Wheaton Building · 211 South Wheaton Avenue · Wheaton, l~linois 60187 · (312) 665-4510
I
I
I
I
I
!
I
I
I
I
I
I
i
i
I
i
I
I
I
VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMBNT OF INVESTMENTS
DECEMBER 31, 1980
Interest Maturity
Fund Rate Date
General
Corporate
Certificates of Deposit
Glenview Guaranty
Savings and Loan 18.375 2/06/81 $200,000
12.875 4/06/81 250,000
11.500 6/18/81 129,347
12.625 8/16/81 150,000
Cragin Federal
Savings and Loan 9.050 1/30/81 102,967
8.500
3/27/8t
106,687 $ 939,001
Special Revenue
Motor Fuel Tax
Certificates of Deposit
Glenview Guaranty
Savings and Loan 13.000 1/30/81 $103 333
9.000 2/05/81 103 090
19.500 2/18/81 100 000
18.500 2/23/81 150 000
18.250 3/06/81 100 000
12.875 4/03/81 103 306
Glenview State Bank 8.625 1/14/81 300 000
18.500 1/29/81 100 000
13.750 3/30/81 100 000
Cragin Federal
Savings and Loan 15.750 6/04/81 100,000 $1,259,729
Captial Projects
Village Hall Construction
Certificates of Deposit
Cragin Federal
Savings and Loan 16.500 1/05/81 $100,000
13.750 1/29/81 100,000 $200,000
Public Works Garage
Certificates of Deposit
Glenview Guaranty
Savings and Loan 12.750 4/22/81 $107,000
Cragin Federal
Savings and Loan 10.650 2/23/81 113,716
9.125 4/11/81 187,673 $408,389
74
VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1980
Interest Maturity
Fund Rate Date
Capital Projects (Cont.)
Capital Equipment Replacement
Certificates of Deposit
Glenview State Bank 15.000 5/18/81 $ 125,000 $ 733,389
Special Assessment
Special Assessment
Certificates of Deposit
Cragin Federal
Savings and Loan 10.875 8/31/81 244,019
Enterprise
Waterworks and Sewerage - East
Certificates of Deposit
Glenview Guaranty
Savings and Loan 13.250 1/27/81 $ 100,000
16.375 2/23/81 100,000
Cragin ~ederal
Savings and Loan 9.500 1/23/81 125,000
Glenview State Bank 16.250 2/21/81 150,000 $ 475,000
Waterworks and Sewerage - West
Certificates of Deposit
Glenview Guaranty
Savings and Loan 12.750 4/24/81 $ 100,000
Glenview State Bank 12.125 1/03/81 1,500,000
13.750 3/30/81 150,000
Cragin Federal
Savings and Loan 16.250 4/24/81 200,000 $1,950,000 2,425,000
Trust and Agency
Police Pension
Certificates of Deposit
Glenview Guaranty
Savings and Loan 15.625 2/20/81 $ 103,000
12.625 4/11/81 135,488
Cragin Federal
Savings and Loan 12.625 4/13/81 100,000
VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1980
Interest Maturity
Fund Rate Date
Trust and Agency (Cont.)
Police Pension (Cont.)
U.S. Treasury Notes 7.625 2/]5/81 $ 97,188
7.375 8/15/81 99,951
8.000 5/15/82 90,040
7.875 5/15/86 284,109
U.S. Treasury Bonds 6.375 8/15/84 40,688
6.375 8/15/84 29,100
6.125 11/15/86 92,265
8.250 5/15/90 136,176
6.750 2/I5/93 90,515
8.500 5/15/99 53,464
8.375 8/15/99 243,242 $1,595,226
Firemen's Pension
Certificates of Deposit
Cragin Federal
Savings and Loan 11.375 3/02/81 $ 108 453
15.000 4/11/81 105 125
11.875 4/19/81 100 000
U.S. Treasury Notes 11.375 5/21/81 258 437
7.875 8/15/86 154 716
U.S. Treasury Bonds 8.500 5/15/00 134 393
8.375 5/15/00 145,945 $1,007,069
Escrow
Certificates of Deposit
Glenview Guaranty
Savings and Loan 18.375 2/06/81 $ 200,000
12.875 4/06/81 400,000
Cragin Federal
Savings and Loan 17.125 3/20/81 100,000
17.125 3/20/81 100,000
Glenview State Bank 11.500 3/13/81 400,000
11~500 3/13/81 152,933
11.800 3/24/81 250,000 $1,602,933 $4,205,228
$9,806,366
VILLAGE OF GLENVIEW, ILLINOIS
STATEMENT OF LEGAL DEBT MARGIN DECEMBER 31, 1980
There is no legal debt limit for home rule m~nicipalities in Illinois.
Article VII, Section 6(k) of the 1970 Illinois Constitution governs computa-
tion of the Legal Debt Margin.
"The General Assembly may limit by law the amount and require referendum
approval of debt to be incurred by home rule municipalities, payable from
ad valorem property tax receipts, only in excess of the following percentages
of the assessed value of its taxable property...(2) if its population is
more than 25,000 and less than 500,000, an aggregate of one percent;...
indebtedness which is outstanding on the effective date (July 1, 1971) of
this constitution or which is thereafter approved by referendum...shall
not be included in the foregoing percentage amounts."
To date the General Assembly has set no limits for home rule municipalities.
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
WAUREGAN ROAD SANITARY DISTRICT
GENERAL OBLIGATION SANITARY SEWER BONDS OF 1968
DECEMBER 31, 1980
Date of Issue October 1, 1967
Date of Maturity December 1, 1986
Authorized Issue $59,000
Denomination of Bonds $1,000
Interest Rates 1969 to 1979 - 5.00%
1980 to 1986 - 4.75%
Interest Date December 1
Principal Maturity Date December 1
Payable at Michigan Avenue National Bank
CURRENT AND FUTURE PRINCIPAL A/qD INTENEST REQUIREMENTS
Year
Ended Tax Levy Coupons Due on
Dec. 31 Prinicpal Interest Total June 1 Amount Dec. 1 Amount
1981 $ 4,000 $1,140 $ 5,140 1981 $ 570 1981 $ 570
1982 4,000 950 4,950 1982 475 1982 475
1983 4,000 760 4,760 1983 380 1983 380
1984 4,000 570 4,570 1984 285 1984 285
1985 5,000 356 5,356 1985 178 1985 178
1986 5,000 119 5,119 1985 60 1986 59
$26,000 $3,895 $29,895 $1,948 $1,947
This issue was assumed by the Village during 1980. The liability will be paid by
Waterworks and Sewerage Fund - East.
8O
VILLAGE OF ILLINOIS
GLENVIEW,
LONG-TERMDEBT REQUIREMENTS
POLICE ADMINSITRATION BUILDING BONDS OF 1972
DECEMBER 31, 1980
Date of Issue December 1, 1972
Date of Maturity January 1, 1990
Authorized Issue $1,400,000
Actual Issue $1,400,000
Denomination of Bonds $5,000
Interest Rate Bonds 1-280 - 4-1/2%
Interest Dates July 1 and January 1
Principal Maturity Date January 1
Payable at Northern Trust
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Levy Tax Levy Coupons Due on
Year Prinicpal Interest Total July 1 Amount Jan. 1 Amount
1979 $ 95,000 $ 25,370 $ 120 370 1981 $
25,370
1980 100 000 46,465 146.465 1981 $ 23,232 1982 23,233
1981 100 000 41,965 141.965 1982 20,982 1983 20,983
1982 110 000 37,465 147.465 1983 18,732 1984 18,733
1983 115 000 32,515 147 515 1984 16,257 1985 16,258
1984 120 000 27,225 147~225 1985 13,612 1986 13,613
1985 125 000 21,525 146.525 1986 10,762 1987 10,763
1986 125 000 15,587 140 587 1987 7,793 1988 7,794
1987 100 000 9,650 109~650 1988 4,825 1989 4,825
1988 100 000 4,900 104 900 1989 2,450 1990 2,450
$1,090,000 $262,667 $1,352,667 $118,645 $144,022
$ 195,000 $ 71,835 $ 266,835 - Current Portion - Debt Service Fund
895,000 190,832 1,085,832 - Long-Term Portion - General Long-
Term Debt Account Group
$262,667 $1,352,667
$1,090,000
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
PUBLIC LIBRARY PARKING LOT BONDS OF 1976
DECEMBER 31, 1980
Date of Issue July 1, 1976
Date of Maturity October 1, 1981
Authorized Issue $200,000
Denomination of Bonds 1 to 5 - $40,000
Interest Rate 5-1/8%
Interest Dates October 1 and April 1
Principal Maturity Dates October 1
Payable at Northern Trust
CURRENT AND FUTURE PRINCIPAL AND INTEREST LEVY REQUIREMENTS
Tax
Levy Tax Levy Coupons Due on
Year Principal Interest Total Oct 1 Amount April 1 Amount
1979 $1,025 $ 1,025 1981 $1,025
1980 $40,000 1~025 41,025 1981 $1,025
$40,000 $2,050 $42,050 $1,025 $1,025
$40,000 $2,050 $42,050 - Current Portion - Debt Service Funds
82
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERMDEBT REQUIREMENTS
PURPOSE BOND SERIES 1976 OF
DECEMBER 31, 1980
Date of Issue September 1, 1976
Date of Maturity January 1, 1986
Authorized Issue $385,000
Actual Issue $385,000
Denomination of Bonds 1 to 77 - $5,000
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 $ 45,000
38-77 1983-86 50,000 200,000
$245,000
AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
CURRENT
Tax
Levy Tax Levy Coupons Due on
Year Principal Interest Total July 1 Amount Jan. 1 Amount
1979 $ 40,000 $ 6,730 $ 46,730 1981 $ 6,730
1980 45,000 11,620 56,620 1981 $ 5,810 1982 5,810
1981 50,000 9,550 59,550 1982 4,775 1983 4,775
1982 50,000 7,250 57,250 1983 3,625 1984 3,625
1983 50,000 . 4,850 54,850 1984 2,425 1985 2,425
1984 50,000 2,450 52,450 1985
1,225
1986
1,225
$285,000 $42,450 $327,450 $17,860 $24,590
$ 40,000 $ 6,730 $ 46,730 - Current
245,000 35,720 280,720 - Long-Term
$285,000 $42,450 $327,450
Note: 1980 Tax Levy was abated by ordinance #2369. The principal and interest
will be paid by Waterworks and Sewerage Fund - East.
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERMDEBT REQUIREMENTS
MUNICIPAL BUILDING BONDS, SERIES 1979
DECEMBER 31, 1980
Date of Issue April 1, 1979
Date of Maturity January 1, 1991
Authorized Issue $950,000
Actual Issue $950,000
Denomination of Bonds 1 - 190 - $5,000
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 $150,000
31-130 1985-89 100,000 500,000
131-190 1990-91 150,000 300,000
$950,000
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Levy Tax Levy Coupons Due on
Year Prinicpal Interest Total July 1 Amount Jan. 1 Amount
1979 $ 25,550 $ 25,550 1981 $ 25,550
1980 $ 50,000 51,100 101,100 1981 $ 25,550 1982 25,550
98,450 1982 24,225 1983 24,225
1981
5O,OOO
48,450
1982 50,000 45,800 95,800 1983 22,900 1984 22,900
1983 100.000 43,150 143 150 1984 21,575 1985 21,575
1984 100.000 37,850 137 850 1985 18,925 1986 18,925
1985 100 000 32,550 132 550 1986 16,275 1987 16,275
1986 100 000 27,150 127 150 1987 13,575 1988 13,575
1987 100 000 21,750 121 750 1988 10,875 1989 10,875
1988 150 000 16,350 166 350 1989 8,175 1990 8,175
1989 150 000 8,250 158 250 1990 4,125 1991 4,125
$950,000 $357,950 $1,307,950 $166,200 $191,750
$ 50,000 $ 76,650 $ 126,650 - Current Portion - Debt Service Fund
900,000 281,300 1,181,300 - Long-Term Portion - General Long-Term
'- Debt Account Group
$950,000 $357,950 $1,307,950
86
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #1 BONDS OF 1980
DECEMBER 31, 1980
Date of Issue July 31, 1980
Date of Maturity July 31, 1990
Authorized Issue $70,000
Denomination of Bonds $i,000
Interest Rate 6.00%
Interest Dates January 31 and July 31
Principal Maturity Date July 31
Payable at Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Levy Bond Tax Levy Coupons Due on
Year Numbers Prinicpal Interest Total July 31 Amount Jan. 31 Amount
1979 $ 2,100 $ 2,100 1981 $ 2,100
1980 1-7 $ 7,000 3,990 10,990 1981 $ 2,100 1982 1,890
1981 8-14 7,000 3,570 10,570 1982 1,890 1983 1,680
1982 15-21 7,000 3,150 10,150 1983 1,680 1984 1,470
1983 22-28 7,000 2,730 9,730 1984 1,470 1985 1,260
1984 29-35 7,000 2,310 9,310 1985 1,260 1986 1,050
1985 36-42 7,000 1,890 8,890 1986 1,050 1987 840
1986 43-49 7,000 1,470 8,470 1987 840 1988 630
1987 50-56 7,000 1,050 8,050 1988 630 1989 420
1988 57-63 7,000 630 7,630 1989 420 1990 210
1989 64-72 7,000 210 7,210 1990 210
$70,000 $23,100 $93,100 $11,550 $11,550
$ 7,000 $ 6,090 $13,090 Current Portion - Debt Service Fund
63,000 17,010 80,010 Long-Term Portion - General Long-
Term Debt Account Group
$70,000 $23,100 $93,100
88
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Licenses and Registration
Motor Vehicle $285,000 $ 327,968
Bicycle 150 102
Business 49,000 52,007
Liquor 38,000 51,395
Dog 10,000 6,439
Cat 1,000 750
$383,150 $ 438,661
Permits and Current Service Charges
Heating and Air Conditioning $ 1,500 $ 815
Buildings 92,000 52,784
Electrical Inspection 32,700 23,346
Plumbing and Sewer 23,400 12,064
Driveway 700 180
Engineering 53,000 58,018
Unclassified Public Works Service 26,000 16,284
Other Current Service Charges 26,000 43,183
$255,300 $ 206,674
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
General Government
Board of Trustees
Regular Salaries $ 1,350 $ 700
Deferred Compensation 900 900
Contractual Services 900 800
Travel Expense 1,950 2,369
Materials and Supplies 500 891
5O
Contingencies $ 5,650 $ 5,660
Special Board
Temporary Salaries $ 500 $ 510
Contractual Services 8,700 8,745
Travel Expense 100
Materials and Supplies 400 910
Contingencies 100
57,251 57,445
Improvements - Sirens $ 67,051 ,$ 67,610
Village Clerk
Regular Salaries $ 600 $ 600
Temporary Salaries 200 315
Printing, Binding and Publication 2,000 1,228
Dues, Subscriptions and Memberships 4,825 4,888
72
Maintenance of Equipment
Microfilming 200
5O
Travel Expense 500
Other Operating Expenses $ 8,447 $ 7,031
Elections
Temporary Salaries $ 300
Printing, Binding and Publication 380
30
Rentals 30
Contingencies $ 740 -
Legal
Contractual and Professional Services $ 31,600 $ 35,425
223,592 201,984
Insurance and Bonding $255,192 $237,409
9O
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
General Government (Cont.)
Village Manager
Regular Salaries $100,574 $ 108,273
Temporary Salaries 12,185 8,229
Deferred Compensation 11,538
Printing, Binding and Publication 5,000 4,739
Postage 9,900 12,530
Dues, Subscriptions and Memberships 945 963
Maintenance of Eqiupment 72 55
Travel Expense 3,060 3,311
Training Expense 1,000 1,033
Books, Pamphlets and Materials 210 93
Transfer to CERF 1,280 1,280
Machinery and Equipment 100 80
-~-~,864 $ 140,586
Finance
Regular Salaries $180,622 $ 177,261
Overtime Salaries 1,600 1,578
Temporary Salaries 5,500 1,684
Deferred Compensation 3,660
Contractual Professional Services 30,200 26,919
Printing, Binding and Publication 8,550 3,247
Postage 1,800 2,174
Dues, Subscriptions and Membership 463 1,058
Maintenance of Equipment 1,080 2,758
Rentals 54,341 56,869
Travel Expense 1,314 1,038
Training 750 209
Office Supplies 7,500 8,995
Books, Pamphlets and Materials 100 13
Computer Supplies 4,400 9,042
Other Operating Expense 125
Contingencies 200 10
Machinery and Equipment 6,600 6,600
$308,805 $ 299,455
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
General Government (Cont.)
Municipal Building and Grounds
Regular Salaries $ 15,576 $ 16,356
Overtime Salaries 725 118
Salaries 450 569
Temporary
Heating 4,200 3,501
Postage 6,600 6,472
Telephone 6,600 8,761
Maintenance of Equipment 3,600 1,016
Maintenance of Buildings 1,000 434
Uniform Allowance 150 158
Cleaning and Household Supplies 1,200 1,062
Maintenance Materials - Buildings 1,800 470
Small Tools and Equipment 75 3
Employee Welfare 765 927
Communication System 50,000 50,000
$ 92,741 $ 89,847
Personnel
Contractual Professional Services $ 14,000 $ 6,760
Printing, Binding and Publications 1,000 7,098
Dues, Subscriptions and Memberships 120 250
Insurance and Bonding 209,009 201,217
Training Expense 7,100 8,332
Books, Pamphlets and Materials 100
Employee Welfare 3,455 3,640
Contingencies 100
$ 234,884 $ 227,297
Total General Government $1,119,374 $1,074,895
(Page 34)
92
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Public Safety
Police Department
Regular Salaries $1,308,391 $1,287,120
Overtime Salaries 31,000 43,585
Temporary Salaries 87,480 65,978
Deferred Compensation 1,320
Holiday Pay 42,150 42,945
Longevity Pay 6,900 7,594
Pay Differential - Director 3,600
Contractual and Professional Services 22,973 22,476
Printing, Binding and Publication 2,270 2,158
Heating 4,600 5,113
Postage 1,000 898
Telephone 10,500 7,357
Teletype 6,785 6,321
Dues and Subscriptions 250 457
Maintenance of Equipment 21,857 18,451
Maintenance of Buildings 1,400 4,401
Rentals 3,696 2,812
Travel Expenses 1,475 1,874
Training 11,875 13,450
Uniform Allowance 19,870 22,223
Office Supplies 1,500 910
Books, Pamphlets and Materials 2,400 2,381
Fuel 53,000 55,624
Cleaning and Household Supplies 950 1~059
Maintenance Materials - Buildings 3,100 806
Operating Materials and Supplies 7,400 9,222
Auto Increase Reserve 12,000 12,031
Transfer to CERF 16,102 16,102
Machinery and Equipment 2,405 2,183
Office Equipment 350 30
Automotive Equipment 61,200 10,563
$1,749,799 $1,666,124
93!
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Public Safety (Cont.)
Fire Department
Regular Salaries $ 943,284 $ 908,714
Emergency Overtime Salaries 35,945 37,321
Contractual Professional Services 31,202 26,435
Printing and Publications 20 6
Heating
3,800 1,761
Postage 250 241
Telephone 4,000 2,828
Dues, Subscriptions and Memberships 471 415
Maintenance of Equipment 9,390 10,181
Maintenance of Buildings 4,325 3,651
Travel Expense 2,533 2,073
Training 2,350 895
Uniform Allowances 8,185 9,752
Office Supplies 850 75
Fire Prevention 2,745 2,110
Fuel 8,000 17,055
Motor Vehicle Supplies 3,855 3,896
Cleaning Supplies 1,650 1,430
Maintenance Materials - Equipment 220 105
Maintenance Materials - Buildings 2,980 1,795
Small Tools and Equipment I10 1,245
Operating Materials and Supplies 7,900 7,353
Other Operating Expenses 8,477 8,745
Transfer to CERF 30,808 30,808
Machinery and Equipment 1,900
Furniture and Fixtures 350 68
Automotive Equipment 500 20,805
$1,116,100 $1,099,763
Printing - General Services
Printing and Binding $ 1,400 $ 1,828
Maintenance of Equipment 3,125 1,899
Rentals 1,049 1,054
Office Supplies 7,500 5,261
Operating Supplies 2,400 2~793
$ 15,474 $ 12,835
Total Public Safety $2,881,373 $2,778,722
(Page 34)
94
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND AC~AL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Development and Public Services
Administration
Regular Salaries $ 86,286 $ 83,131
Overtime Salaries 100 85
Printing, Binding and Publication 100 157
Dues, Subscriptions and Memberships 220 239
Maintenance of Equipment 240 156
Travel Expense 750 1,143
Training 1,650 972
Uniform Allowance 2,100 2,175
Books and Pamphlets 50 35
Transfer to CERF 1,280 1,280
$ 92,776 $ 89,373
Planning and Zoning
Regular Salaries $ 23,088 $ 10,950
Temporary Salaries 3,684 3,891
Contractual and Professional Services 10,000 3,479
Printing, Binding and Publication 3,800 1,389
Dues, Subscriptions and Memberships 2,270 3,157
Travel Expense 1,120 631
Training 1,150 240
Operational Supplies 600 20
$ 45,712 $ 23,757
Engineering
Regular Salaries $ 80,952 $ 92,785
Overtime Salaries 4,000 238
Temporary Salaries 14,220 8,388
Deferred Compensation 11,052
Contractual Professional Services 8,000
Printing, Binding and Publications 700 637
Dues, Subscriptions and Memberships 45
Maintenance of Equipment 400 7
Rentals 1,832 1,832
Microfilming 500 871
Travel Expense 870 888
Training 1,950 1,972
Books, Pamphlets and Materials I00 473
Operational Materials 225 545
Other Charges 175
Transfer to CERF 5,200 5,200
$130,221 $113,836
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Development and Public Services (Cont.)
Public Works - General Street Maintenance
Regular Salaries $154 812 $ 144,276
Overtime Salaries 8 000 4,487
Temporary Salaries 5 460 7,966
Deferred Compensation 3 120
Power and Lights 49 800 48,373
Maintenance of Equipment 11 476 13,933
Maintenance of Buildings 34 000 36,392
Rental 1 470 1,301
Motor Vehicle Supplies 5 500 4,151
Traffic Control Supplies 12 000 5,593
Maintenance Materials - Improvements 14 000 8,913
Small Tools 400 336
Operating Materials and Supplies 8,300 7,186
Transfer to CERF 10,200 10,200
Improvements Other than Buildings 30,000 23,219
Machinery and Equipment 1,000 2,363
$349,538 $ 318,689
Public Works - Special Projects
Miller Basin Storm Sewer $ 20,000
Techny Retention Basin 112,500 $ 50,802
Spot Drainage Improvements 10,000 761
West Fork River Bank 80,000 71,845
Police Parking Lot Repair 25,000
Steven Lane Path 2,300 908
Land 1,500
Improvements Other than Buildings 31,886
$249,800 $ 157,702
96
VILLAGE OF ILLINOIS
GLENVIEW,
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Development and Public Services (Cont.)
Public Works - Snow Removal
Regular Salaries $ 42,804 S 43,081
Overtime Salaries 18,000 8,771
Temporary Salaries 2,000 1,723
Contractual Professional Services 450 500
Rentals 5,200 181
Maintenance Materials - Equipment 4,500 830
Operating Materials and Supplies 23,000 36,739
Employee Welfare 600
Transfer to CERF 2,000 2,000
Machinery and Equipment 9,170 8,691
$107,724 $ 102,516
Public Works - Parkway Maintenance
$ 54,852 $ 75,096
Regular
Salaries
Overtime Salaries 3,500 4,005
Temporary Salaries 22,560 21,105
Contractual Professional Services 3,000
Dues, Subscriptions and Memberships 125 3
Maintenance of Equipment 350 423
Maintenance of Improvements 12,000 1,092
Rentals 8,000 5,937
Books, Pamphlets and Materials 30 4
Small Tools and Equipment 560 401
Operating Materials and Supplies
3,5OO
3,299
Employee Welfare 600
Transfer to CERF 8,406 8,406
Improvements Other than Buildings 921
Tree Planting 10,000 2,811
Machinery and Equipment 1,375 1,234
1-~,858 $ 124,737
97!
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR TIlE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Development and Public Services (Cont.)
Public Works - Garage
Regular Salaries $ 74,724 $ 71,997
Overtime Salaries 900 1,123
Temporary Salaries 5,000
Contractual and Professional Services 3,840 2,259
Telephone 800 839
Maintenance of Equipment 3,950 8,202
Maintenance of Buildings 2,000 2,425
Uniforms 7,100 4,615
Gasoline 33,000 30,858
Motor Vehicle Supplies 7,800 12,688
Cleaning and Household Supplies 1,500 2,202
Maintenance Materials - Equipment 21,500 16,240
Maintenance Materials - Building 3,100
Small Tools and Equipment 1,500 1,780
Employee Welfare 600 832
Transfer to CERF 36,150 36,150
Machinery and Equipment 925 1,100
$204,389 $ 193,310
Building and Inspection
Regular Salaries $142,261 $ 136,645
Overtime Salaries 1,000 219
Salaries 1,960 1,286
Temporary
Contractual and Professional Services 3,000 2,892
Printing, Binding and Publication 900 352
Dues, Subscriptions and Memberships 423 465
Maintenance of Equipment 505 124
Microfilming 2,500
Travel 520 360
Training 2,470 2,609
Uniforms 21
Books, Pamphlets and Materials 300 81
Materials and Supplies 400 394
Operating
Other Operating Expenses 350 113
Transfer to CERF 5,120 5,120
Machinery and Equipment 800 .
$162,50% $ 150,681
98
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Development and Public Services (Cont.)
General Health
Regular Salaries $ 41,316 $ 41,316
Overtime Salaries 200
Contractual and Professional Services 250 26
Printing, Binding and Publication 100 11
Dues, Subscriptions and Memberships 299 20i
Maintenance of Equipment 60
Travel Expense 875 977
Car Allowance 225 138
Training 810 238
Books, Pamphlets and Materials 300 167
Small Tools and Equipment 90
Operating Materials and Supplies 800 612
Transfer to CERF 1,280 1,280
Machinery and Equipment 265 416
$ 46,870 $ 45,382
Total Development and Public Services $1,518,397 $1,319,983
(Page 34)
VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Regular Salaries $227,850 $234,153
Temporary
Salaries 75,000 89,962
Deferred Compensation 15,000
Contractual and Professional Services 2,100 2,920
Printing, Binding and Publication 13,000 10,372
Power and Lights 400 465
Heating 2,200 1,031
Water 600 417
Postage 4,400 4,982
Telephone and Telegraph 2,600 2,550
Dues and Subscriptions 800 418
Maintenance of Equipment 14,000 13,593
Maintenance of Buildings 16,785 14,634
Insurance and Bonding 19,700 16,260
Travel Expense 2,000 2,931
Training 600 583
Office Supplies 6,500 5 366
Books, Pamphlets and Materials 80,450 85,984
Cleaning Supplies 1,900 1 698
Other Operating Expenses 300 290
Contingencies 10,000 9 268
Building and Improvements 4,500 3,654
Automation and Expansion 22,500 22 500
Machinery and Equipment 6,150 2,371
Gift Fund 3 523
S529,435 $529 925
100
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Water Administration
Contractual Professional Services $ 3,000 $ 6,190
Printing, Binding and Publication 50 48
Postage 3,800 2,601
Dues and Subscriptions 130 150
Maintenance of Equipment 30
Travel 120 5
Training 450 257
Uniform Allowance 525 450
Office Supplies 250
Illinois Municipal Retirement Fund
Payments 20,700 23,380
Transfer to Corporate for Administrative
Services 113,545 113,545
Other Operating 85,880 80,364
Expenses
Books and Pamphlets 50
Computer Supplies 4,000
Payment on Bonds 50,000 50,000
Transfer to Bond Reserve Account 16,333 16,333
$298,863 $293,323
Less Nonoperating Expense
Debt Retirement 66,333 66,333
$232,530 $226,990
Water Operations and Maintenance
Regular Salaries $ 65,952 $ 65,844
Overtime Salaries 800 118
Contractual Professional Services 10,000
Water 723,500 723,500
Uniforms 1,920 86
Gasoline 7,000 6,003
Motor Vehicle Supplies 300
$809,472 $795,551
Special Projects
572051 Depot Street Main $ 45,000 $ 45,000
Less Capital Outlay Expenses Capitalized 45,000 45,000
- _
101
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Pumping Station
Regular Salaries $ 23,484 $ 23,484
Overtime Salaries 3,500 4,365
Contractual Professional Services 2,020 2,204
Power and Light 33,000 42,453
Heating 2,500 3,185
Telephone 1,200 1,219
Maintenance of Building 2,000 1,341
Rentals 145 181
Cleaning and Household Supplies 50 7
Maintenance Materials - Equipment 3,000 143
Maintenance Materials - Building 800 40,916
Operating
Materials and Supplies 1,200 2,725
Machinery and Equipment 2,000 5,662
$ 74,899 $127,885
Less Capital Outlay Expenses Capitalized 2,000 5,662
$ 72,899 $122,223
Distribution System
Regular Salaries $ 37,716 $ 36,923
Overtime Salaries 15,000 9,368
Temporary Salaries 15,960 20,716
Maintenance of Equipment 500 663
Maintenance of Buildings 7,000 7,859
Rentals
Hydrant Locations Signs 2,500 3,428
Maintenance Materials - Equipment 2,500 4,626
Maintenance Materials - Buildings 15,000 14,210
Small Tools and Equipment 950 967
Operating Materials and Supplies 15,000 13,665
Transfer to CERF 21,924 21,924
Machinery and Equipment 725 41,128
$134,775 S175,477
Less Capital Outlay Expenses Capitalized 725 41,128
$134,050 $134,349
102
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Sewer Operations and Maintenance
Regular Salaries $ 59,952 $ 59,789
Overtime Salaries 2,000 1,471
Contractual Professional Services 15,000
Rentals 50 50
Fuel 1,000 200
Training 200 68
Motor Vehicles Supplies 200 160
Maintenance Materials - Equipment and Auto Repair 3,550 3,915
Operating Materials and Supplies 3,830 3,164
Transfer to CERF 9,800 9,800
Machinery and Equipment 2,000 11,325
$ 97,582 $ 89,942
Less Capital Outlay Expenses Capitalized 2,000 11,325
$ 95,582 S 78,617
103
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - WEST
STATEMENT OF EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Waterworks Administration
Contractual Professional Services $ 3,000 $ 6,799
Postage 3,300 2,642
Dues and Subscriptions 120 150
Maintenance of Equipment 25 25
Travel Expense 100 3
Training 300 179
Office Supplies 250 8
Books and Pamphlets 100 45
Computer Supplies 4,000 111
Uniform Allowance 375 300
Illinois Municipal Retirement Fund 20,700
Transfer to Corporate Fund for Administrative
Expenses 95,605 95,605
Other Operating Expenses 507,529 228,054
$ 635,404 $ 333,921
Waterworks Operations and Maintenance
Regular Salaries $ 31,836 $ 31,836
Overtime Salaries 425 241
Contractual Professional Services 15,000 1,559
Water 301,500 291,871
Uniforms 1,505 666
Gasoline 8,000 5,588
Motor Vehicle Supplies 300
$ 358,566 $ 331,761
Special Projects
Linneman Booster Station $ 60,000 $ 69,974
Countryside Water Main 80,000 41,805
Zenith Water Main 30,000 10,699
Greenwood Feeder Main 250,000 240~413
Elmdale Replacement Main 120,000 _~2~,000
Transmission Line East 2,812,760 2,826,760
Transmission Line West 1,606,308 1,606,308
Transmission Line Pump Street 557,843 506,925
Transmission Line Engineering 162,600 228,605
Transmission Line Interest 291,704 291,704
Transmission Line Other Costs 268,785 680,043
$6,240,000 $6,623,236
Less Capital Outlay Expenses Capitalized 6,240,000 6,623,236
- -
104
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - WEST
STATEMENT OF EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1980
Budget Actual
Pumping Station
Regular Salaries $ 23,484 $ 23,484
Overtime Salaries 5,000 8,306
Contractual Professional Services 1,900 920
Power and Light 100,000 93,032
Heating 2,000 1,171
Telephone 1,600 1,269
Maintenance of Buildings 75,000 7,368
Rentals 130
Cleaning and Household Supplies 50
Maintenance Materials - Equipment 3,600 351
Maintenance Materials - Buildings 1,500 150
Operating Materials and Supplies 3,000 3,305
$217,264 $139,356
Distribution System
Regular Salaries $ 32,592 $ 31,262
Overtime Salaries 8,500 7,092
Temporary Salaries 12,460 13,800
Maintenance of Equipment 500 159
Maintenance of Buildings 9,000 7,360
Maintenance Materials - Equipment 3,000 6,499
Maintenance Materials - Building 16,000 19,990
Small Tools and Equipment 950 2,788
Operating Materials and Supplies 15,000 14,358
Hydrant Location - Signs 2,500 7,289
Transfer to CERF 12,137 12,137
Machinery and Equipment 1,500 18,219
$114,139 $140,953
Less Capital Outlay Expenses Capitalized 1,500 18,219
$112,639 $122,734
i
i
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I