HomeMy Public PortalAbout1985 Comprehensive Annual Financial ReportCOMPREHENSIVE
ANNUAL
FINANCIAL REPORT
FORTHE
FISCALYEAR ENDED
DECEMBER 31, '1985
PREPARED BY
DENNIS M. LAUER
FINANCE DIRECTOR
VILLAGE OF GLENVlEW
TABLE OF CONTENTS
PAGE
INTRODUCTORY SECTION
Principal Officials i
Organization Chart ii
Certificate of Achievement for Excellence in Financial Reporting iii
Village Manager's Letter of Transmittal iv-v
Director of Finance's Letter of Transmittal vi-xiv
FINANCIAL SECTION
AUDITORS' REPORT ON THE FINANCIAL STATEMENTS 1-2
COMBINED STATEMENTS - OVERVIEW ("Liftable" General Purpose
Financial Statements)
Combined Balance Sheet - All 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 Projects Fund Types 5
Combined Statement of Revenues, Expenses, and Changes in
Retained Earnings/Fund Balances - All Proprietary and
Fiduciary (Pension Trust) Fund Types 6
Combined Statement of Changes in Financial Position -
Ail Proprietary and Fiduciary (Pension Trust) Fund Types 7
Notes to the Financial Statements 8-35
FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS
GOVERNMENTAL FUND TYPES
GENERAL FUND
CORPORATE FUND
Financial Statements
Balance Sheet 36
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 37
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.) PAGE
GOVERNMENTAL FUND TYPES (CONT.)
GENERAL FUND (CONT.)
COP. PORATE FUND (CONT.)
Supplemental Statements
Statement of Revenues - Budget and Actual 38
Statement of Expenditures - Budget and Actual 39-49
SPECIAL REVENUE FUNDS
All Funds
Financial Statements
Combining Balance Sheet 50
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances 51
Library Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 52
Supplemental Statements
Statement of Expenditures - Budget and Actual 53
Federal Revenue Sharing Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 54
Illinois Municipal Retirement Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 55
Motor Fuel Tax Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 56
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
DEBT SERVICE FUNDS
All Funds
Financial Statements
Combining Balance Sheet 57
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances 58
Supplemental Statement
Combining Statement of Revenues and Expenditures -
Budget and Actual 59
CAPITAL PROJECTS FUNDS
All Funds
Financial Statements
Combining Balance Sheet 60
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances 61
Pnblic Works Garage Fund
Financial Statements
Statement of Revenues, Expenditures, and
~anges in Fund Balance - Budget and Actual 62
Capital Equipment Replacement Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 63
Capital Projects Fund
Financial Statements
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Bodget and Actual 64
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES
ENTERPRISE FUNDS
All Funds
Financial Statements
Combining Balance Sheet 65
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings - Unreserved 66
Combining Statement of Changes in Financial Position 67
Waterworks and Sewerage Fund - East
Financial Statements
Balance Sheet 68
Statement of Changes in Contributed Capital 69
Statement of Changes in Retained Earnings - Reserved -
Restricted Accounts 70
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Unreserved - Budget and Actual 71
Supplemental Statements
Statement of Operating Expenses - Budget and Actual 72-74
Statement of Fixed Assets and Depreciation 75
Waterworks and Sewerage Fund - West
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Unreserved - Budget and Actual 76
Supplemental Statements
Statement of Operating Expenses - Budget and Actual 77-78
Statement of Fixed Assets and Depreciation 79
Commuter Parking Lot Fund
Financial Statements
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual 80
Supplemental Statements
Statement of Fixed Assets and Depreciation 81
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
INTERNAL SERVICE FUND
Mnnicipal Equipment Repair Fund
Financial Statements
Balance Sheet 82
Statement of Revennes, Expenses, and Changes
in Retained Earnings - Budget and Actual 83
Statement of Changes in Financial Position 84
Supplemental Statement
Statement of Operating Expenses - Budget and Actual 85
FIDUCIARY FUND TYPES
TRUST AND AGENCY FUNDS
Ail Funds
Financial Statements
Combining Balance Sheet 86
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances (Expendable
Trust Funds) 87
Combining Statement of Revenues, Expenses, and
Changes in Fund Balances (Pension Trust Funds) 88
Combining Statement of Changes in Financial
Position (Pension Trust Funds) 89
Pension Trust Funds
Police Pension Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Fund Balance - Bndget and Actual 90
Firemen's Pension Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual 91
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
ACCOUNT GROUPS
GENERAL FIXED ASSETS ACCOUNT GROUP
Financial Statements
Statement of General Fixed Assets 92
Supplemental Statements
Statement of General Fixed Assets - By Function
and Activity 93
Statement of Changes in General Fixed Assets -
By Function and Activity 94
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Financial Statements
Statement of General Long-Term Debt 95
SUPPLEMENTARY DATA
Combined Statement of Cash and Investments 96
Combined Statement of Other Investments 97-99
Statement of Insurance in Force 100
Long-Term Debt Requirements
Waukegan Road Sanitary District Sewer Bond Series of 1968 101
Police Administration Building Bond Series of 1972 102
Municipal Building Bond Series of 1979 103
General Obligation Library Bond Series of 1984 104
General Obligation Library Bond Series of 1985 105
Special Service Area #1 Bond Series of 1980 106
Special Service Area #2 Bond Series of 1981 107
Special Service Area #3 Bond Series of 1981 108
Special Service Area #4 Bond Series of 1982 109
Special Service Area #5 Bond Series of 1985 110
Corporate Purpose Bond Series of 1977 111
Corporate Purpose Bond Series of 1979 112
TABLE OF CONTENTS (CONT.)
PAGE
STATISTICAL SECTION
General Governmental Revenues by Source -
Last Ten Fiscal Years 113
General Governmental Expenditures by
Function - Last Ten Fiscal Years 114
Property Tax Assessed Valuations, Rates, Extensions
and Collections - Last Ten Fiscal Years 115
Assessed and Estimated Actual Value of Taxable
Property - Last Ten Fiscal Years i16
Property Tax Rates - All Overlapping Governments -
Last Ten Fiscal Years 117
Special Assessment Collections - Last Ten Fiscal Years 118
Ratio of Net General Bonded Debt to Assessed
Value and Net Bonded Debt Per Capita -
Last Ten Fiscal Years 119
Statement of Direct and Overlapping Debt 120
Statement of Legal Debt Margin 121
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Governmental
Expenditures - Last Ten Fiscal Years 122
Statement of Revenue Bond Coverage - Last Ten Fiscal Years 123
Demographic Statistics - Last Ten Fiscal Years 124
Construction, Bank Deposits and Property Values -
Last Ten Fiscal Years 125
Principal Taxpayers 126
Miscellaneous Statistics 127-128
Municipal Services and Facilities 129
Ten Wealthiest Illinois Communities - 1980 Census 130
Salaries and Surety Bonds of Principal Officials 131
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I Introductory Section
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VILLAGE OF GLENVIEW~ ILLINOIS
PRINCIPAL OFFICIALS
I DECEMBER 31r 1985
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LEGISLATIVE
I VILLAGE BOARD ,OF,~RUSTEES
James W. Smirles, President
I Scott J. Helton Delia Brady Stowe
Ronald V. Norene James M. Weiss
I Lowell Scott Well (Vacant)
Katherine G. Appert, Clerk
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EXECUTIVE
I Paul T. McCarthy, Village Manager
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FINANCE DEPARTMENT
I Dennis M. Lauer, Director of Finance
I Mary L, Reibel, Village Accountant
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ORGANIZATIONAL CHART
~ELECTORATE
4 YR, TERM 4 YR. TERM 4 YR. TERM
BOARDS AND COMMISSIONS APPOINTED BY THE PRESIDENT
AND BOARD OF TRUSTEES
PLAN COMMISSION POLICE AND FIRE COMMISSION ZONING BOARD OF APPEALS
Certificate
of
Conformance
in Financial
Reporting
Presented to
Village of
Glenview, Illinois
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1984
A Certificate of Conformance in Financial Reporting is
presented by the Government Finance Officers Association
of the United States and Canada to governmental units
and public employee retirement systems whose comprehensive
annual financial reports {CAFR's) are judged to substantially
conform to program standards.
President
~x~cutiv~ Director
I TELEPHONE
April 15, 1986
I Honorable President and
Members of the Board of Trustees
Village of Glenview
I Gentlemen:
I In accordance with state statutes and local regulation, I
hereby transmit the comprehensive annual financial report of
the Village of Glenview as of December 31, 1985 and for the
i fiscal year then ended. Responsibility for both the
accuracy of the presented data and the completeness and
fairness of the presentation, including all disclosures,
rest with the Village. Management believes that the data,
I as presented, is accurate in all
material
aspects;
that
it
is presented in a manner designed to fairly set forth the
financial position and results of operations of the Village
I as measured by the financial activity of the various funds.
Disclosures necessary to enable the reader to gain maximum
understanding of the Village's financial affairs have also
i been included.
In developing and evaluating the Village's accounting
system, consideration is given to the adequacy of internal
I accounting controls. Internal accounting controls
are
discussed by the Director of Finance in his accompanying
letter of transmittal, and within that framework, I believe
I that the Village's internal accounting controls adequately
safeguard assets and provide reasonable assurance of proper
recording of financial transactions.
I report been prepared following the guidelines
This
has
recommended by the Government Finance Officers Association
of the United States and Canada. The Government Finance
I Officers Association awards Certificates of Achievement to
those governments whose comprehensive annual financial
reports are judged to conform substantially with high
i standards of public reporting including generally accepted
accounting principles promulgated by the Governmental
Accounting Standards Board. It is my belief that the
accompanying financial report meets the program standards
I and it will be submitted to the Government
Finance
Officers
Association for review. The Village of Glenview has held a
certificate for the last three consecutive fiscal years.
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In eecordanee with the above mentioned guidelines, the
accompanying report consists of three parts:
1. Introductory section, a letter of transmittal from the
Director of Finance.
2. Financial section, including the financial statements
and supplemental data of the government accompanied by
our independent auditor's
opinion
3. Statistical section, including a number of tables of
unaudited data depicting the financial history of the
Village for the past ten years, information on
overlapping governments, and demographic and other
miscellaneous information
State law required that the financial statements of the
Village of Glenview be audited by a certified public
accountant selected by the Board. This
requirement
has
been
complied with, and our auditor's opinion is included in the
financial section of this report. Of concern to the Vllla~e
of Glenview, as well as all sectors of the economy, is the
impact of inflation on our budget. Presently our revenues
are strong in all areas with the possible exception of the
Waterworks and Sewerage Fund-East. However, I believe the
water rate increase scheduled to go into effect on January
1, 1986 will strengthen that fund. Revenue projections must
be monitored constantly to provide the Board advance notice
in the event the revenue patterns change. The Director of
Finance is entrusted with the responsibility of evaluating
and reporting on the financial condition of the Village.
The preparation of this annual financial report could not
have been accomplished without the dedicated effort of
Dennis Lauer and his entire staff. Their efforts over the
upgrading the accounting and financial
past
years
toward
reporting systems of the Village of Glenview have continued
to improve the quality of the information being reported to
the Board of Trustees, state oversight boards and the
citizens of Glenview.
Respectfully submitted,
Paul T. McCarthy
Village Manager
April 15, 1986
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-- TELEPHONE
April 15, 1986
Mr. Paul T. McCarthy, Village Manager
Village of Glenview
Glenview, Illinois 60025
The Comprehensive Annual Financial Report of the Village of
G1 enview for the fiscal year ended December 31, 1985 is
submitted herewith. This report was prepared by the
Vi 1 lage' s Finance Department. Responsibility for both the
accuracy of the presented data and the completeness and
fairness of the presentation, including all disclosures,
rests with the Village. I believe the data, as presented,
is accurate in all material aspects; that it is presented in
a manner designed to fairly set forth the financial position
and results of operations of the Village as measured by the
financial activity of its various funds; and that all
disclosures necessary to enable the reader to gain the
maximum understanding of the Vii lage' s financial affairs
have been included.
Accounting System and Budgetary Control
In developing and evaluating the Village's accounting
system, consideration is given to the adequacy of internal
accounting controls. Internal accounting controls are
designed to provide reasonable, but not absolute, assurance
regarding the Safeguarding of assets against loss from
unauthorized use or disposition and the reliability of
financial records for preparing financial statements and
maintaining accountability for assets. The concept of
reasonable assurance recognizes that the cost of a control
should not exceed the benefits likely to be derived and the
evaluation of costs and benefits requires estimates and
judgments by management.
All internal control evaluations occur within the above
framework. I believe that the Village's internal accounting
controls adequately safeguard assets and provide reasonable
assurance of proper recording of financial transactions.
Budgetary control is maintained at the department and/or
subdepartment level by estimating purchase mounts prior to
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LEAVlEW
the release of purchase orders to vendors. Purchase orders
which result in an overrun of account budgets are not
released until appropriate budget transfers have been made.
Open purchase orders, if any, are reported as reservations
of fund balance at December 31, 1985.
The Reporting Entity and Its Services
This report includes all of the funds and account groups of
the Village. It also includes all activities considered to
be part of the Village of Glenview as determined by the
application of the criteria set forth in "Defining the
Governmental Reporting Entity - NCGA Statement 3". In
accordance with NCGA Statements 3 and 7, for financial
reporting purposes the Village's financial statements
include all funds, account groups, departments, agencies,
boards, commissions and other organizations over which
Village officials exercise oversight responsibility.
responsibility such aspects as
Oversight
includes
appointment of governing body members, budget approval,
approval of property tax levies, outstanding debt secured by
Village full faith and credit or revenues, responsibility
for funding deficits and others.
The Village considered the following entities when
implementing NCGA Statements 3 and 7. The criteria in
Statements 3 and 7 did not require the inclusion of these
entities in the Village's financial statements principally
because the Village does not exercise
oversight
responsibility over such entities. Listed below are the
entities that were considered:
Regional Emergency Dispatch Center
Northwest Mosquito Abatement District
Glenbrook Fire Protection District
Glen Oak Sanitary District
Waukegan Road Sanitary District
The Village provides the full range of municipal services
contemplated by statute or charter. This includes public
safety (police and fire), highways and streets, sanitation,
health and social services, culture-recreation, public
improvements, planning and zoning, and general
administrative services.
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LE VIEUJ
Special Service Area #2 Bonds 31,053
Special Service Area #3 Bonds 20,431
iSpecial Service Area #4 Bonds 77,726
Special Service Area ~5 Bonds 48,000
Gross Bonded Debt
December 31, 1985 $12,542,210
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iRatio of debt to DeBt per
Amount assessed value * capita *
Gross
Bonded Debt $12,542,210 2.95% $353.05
I * Estimated 1985 assessed valuation $425,000,000
I* Estimated 1985 Population 35,525
Gross Bonded Debt at December 31, 1985 totaled $12,542,210
ias shown above. However, $8,025,000 is the balance
remaining on bonds issued for water system
improvements. These issues are identified as Corporate
Purpose Bonds, 1977 and 1979. Because these bonds are being
Iretired with water fund revenue, they are considered self-
supporting. The five special service area bonds were issued
in the name of the Village of Glenview and in theory,
iconstitute a debt of the Vii lage. These issues are being
retired by a tax applied only to the special service area
affected. Therefore, they are excluded, as are the water
improvement bonds from the following calculation. Below is
Ia recalculation of the ratio of debt to
assessed
value
and
debt per capita based on net bonded debt.
I Ratio of debt to Debt per
Amount assessed value * capita *
Net
I Debt $3,933,569 .93% $110.73
Bonded
The net amount of $371,431 represents the available Debt
Service Fund money. Available funds relate only to general
obligation bond issues and is net of issues retired from
Iwater fund revenue and Special Service Area Bonds.
· See Note Above
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IMoody's ~vestor$ Ser¥ice
The Village's General Obligation Bonds continue to have the
IAa rating which they have carried for the past several
years. It should be pointed out that the Village of
Glenview has no outstanding revenue bonds as of December 31,
1985o On August 21, 1984 the Village Board adopted
Ordinance #2582 defeasing the remaining revenue bonds.
Cash Management
I Cash temporarily idle during the year was invested in
savings accounts, short term certificates of deposit, money
imarket funds, U. S. treasury notes, bonds and Government
National Mortgage Association bonds held mainly for the
Police and Fire Pension Funds. The average yield on short
term investments he ld on December 31, 1985, was 7.31
Ipercent. All of the investments held as of December 31,
1985 conform to all of the provisions of the Village's
investment policy as it was adopted on February 21, 1983.
I Capital Projects Funds
iProceeds of general obligation bond issues are accounted for
in Capital Projects Funds until improvement projects are
completed. Completed projects and uncompleted construction
in progress at year end are capitalized in the General Fixed
IAssets Account Group. In 1985 there was one bond issue for
$150,000. The proceeds were used to complete the library
expansion project.
General Fixed Assets
The general fixed assets of the Village are those fixed
Iassets used in the performance of general governmental
functions and exclude the fixed assets of Enterprise and
Internal Service Funds. As of December 31, 1985, the
Igeneral fixed assets of the Village amounted to $18,156,741.
This amount represents the original cost of the assets and
is considerably less than their present value. Depreciation
Iof general fixed assets is not recognized in the Village's
accounting system.
Waterworks and Sewerage Funds
I The financial position of the Waterworks and Sewerage Fund-
East improved as a result of operation in fiscal year 1985.
The fund experienced operating income of $842,081. A
complete analysis of this fund was submitted to the Board
along with a recommendation for a rate increase in late
1985. The rate adjustments were approved.
LEnVlELU
the year in a stable
Waterworks
and
Sewerage
Fund-West
ended
financial position. This fund ended the year with a net
operating income, exclusive of depreciation, of $1,175,560.
The reserve balance as of December 31, 1985 is adequate to
properly administer this fund.
BOND COVERAGE
East Fund ¥~est Fund
1985 1985
Operating
revenue $1,995,056 $2,207,923
Operating
expenses 1,586,132 1,032,363
Operating
income $ 408,924 $1,175,560
Annual Debt
Service 52,450 904,068
Coverage (income
available for
debt service
divided by
average annual
debt service) 7.80 1.30
Independent Audit
State Statutes require an annual audit of the books of
account, financial records, and transactions of all
administrative departments of the Village by independent
certified public accountants selected by the Board of
Trustees. This requirement has been complied with and the
auditor's opinion has been included in this report.
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Certificate of Achievement
The Government Finance Officers Association of the United
States and Canada (GFOA) awards a Certificate of Achievement
to units of Government for the comprehensiveness of its
financial report. The Certificate of Achievement For
Excellence In Financial Reporting program was formerly known
as the Certificate of Conformance in Financial
Reporting
In order to be awarded a Certificate of Achievement, a
governmental unit must publish an easily readable and
efficiently organized comprehensive annual financial report,
whose contents conform to program standards. Such reports
must satisfy both generally accepted accounting principles
and applicable legal requirements.
A Certificate of Achievement is valid for a period of one
year only. I believe our current report conforms to the
program requirements. I will submit this report to GFOA to
determine its eligibility for a certificate.
The Village of Glenview currently holds a Certificate of
Conformance for its Comprehensive Annual Financial Report
for the year ended December 31, 1984. The Village also
previously held a certificate for fiscal years 1983 and
1982.
Prospects for the Future
Beginning with 1986 the Village of Glenview will account for
financial control over sewer operations in a new enterprise
fund. Early in the year a rate study will be submitted to
the board recommending adjustments to the amount charged for
vehicle registration of trucks. Also
next
year
a
recommendation to close the Public Works Garage Construction
Fund will be submitted. Finally the staff will complete a
study and suggest changes to the method by which all
building permits are calculated.
Major road repairs for Prairie Street are scheduled for the
summer of 1986. The Village's share in this is
project
expected to be $176,000. Also, resur facing projects are
planned for Raleigh Road and Vernon Drive. The combined
projects will cost the Village $200,000.
LE VIEUJ
Acknowledgements
The preparation of this report on a timely basis could not
be accomplished without the efficient and dedicated services
of the entire staff of the Finance Department. I should
like to express my appreciation to ail members of the
Department who assisted and contributed to its preparation.
I should also like to thank the President and Board of
Trustees for their interest and support in planning and
conducting the financial operations of the Village in a
professional and progressive manner.
Re sp~ively submitted,
Dennis M. Lauer
Director of Finance
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Financial Section
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The Honorable James W. Smirles, Village President
Members of the Board of Trustees
of Glenview
Village
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, 1985 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
circ~stances.
In our opinion, the combined financial statements referred to above
present fairly the financial position of the Village of Glenview,
Illinois, at December 31, 1985, 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, 1985
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 · 21 I Sou~ Wheaton Avenue · Whea~n, Illinois 60187 · (312) 665-4510
Village of Glenview, Illinois 2
Our ex~ination was made for the pnrpose of foxing an opinion on the
combined financial statements taken as a whole and on the c~bining,
individual fund, and account group financial statements. ~e
accompanying financial infomation listed as supplemental in the table
of contents is presented for purposes of additional analysis and is not
a required part of the combined financial statements of the Village of
Glenview, Illinois. ne info~atiom has been subjected to the auditing
procedures applied in the ex~ination of the combined, combining,
individual fund, and account group financial statements and, in our
opinion, is fairly stated in all material respects in relation to the
combined financial statements taken as a whole.
The statistical infomation listed in the table of contents was not
ex~ined by us and, accordingly, we do not express an opinion thereon.
Karrison & Byrne
March 11, 1986
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COMBINED STATEMENTS--OVERVIEW
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VILLAGE OF GLENVIEW, ILLINOIS
ALL FUND TYPES AND ACCOUNT GROUPS
COMBINED BALANCE SHEET
DECEMBER 31, 1985
See Following Page)
Taxe~ $ 865,10~ $ 865,10~ $ 783,279
~at~ ~s (~s)
~t eeest ~ (~,518) (~,518) (561,432)
$ (476~9) $ 2~492 $ (473~977) $ (517~572)
~aeat~ ~fers (~t) (~,357) (~,357) (2~,470)
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VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
1. Summary of Significant Accounting Policies
The accounting policies of the Village of Glenview, Illinois conform to
generally accepted accounting principles as applicable to governments. The
following is a summary of the more significant policies.
A. Reporting Entity and Its Services
This report includes all of the funds and account groups of the Village.
It also includes all activities considered to be part of (controlled by or
on) the Village, as determined by the application of the criteria
dependent
set forth in "Defining the Governmental Reporting Entity - NCGA Statement
3". In accordance with NCGA Statements 3 and 7, for financial reporting
purposes the Village's financial statements include all funds, account
groups, departments, agencies, boards, commissions and other organizations
over which Village officials exercise oversight responsibility. For Joint
Venture disclosures see Note 5.A.
Oversight responsibility includes such aspects as appointment of governing
body members, budget approval, approval of property tax levies, outstanding
debt secured by Village full faith and credit or revenues, responsibility
for funding deficits and others.
The Village considered the following entities when implementing NCGA
Statements 3 and 7. The criteria in Statements 3 and 7 did not require the
inclusion of these entities in the Village's financial statements
principally because the Village does not exercise oversight responsibility
over such entities. Listed below are the entities that were considered:
Regional Emergency Dispatch Center
Northwest Mosquito Abatement District
Glenbrook Fire Protection District
Waukegan Rd. Sanitary District
Glen Oaks Sanitary District
The Village of Glenview, Illinois was incorporated in 1899. The Village
operates under a Council-Manager form of government and provides the
authorized by its charter: public safety (police and
following
services
fire), highways and streets, sanitation, health and social services,
culture-recreation, public improvements, planning and zoning, and general
administrative services.
B. Basis of Presentation - Fund Accounting
The accounts of the Village are organized on the basis of funds and account
groups, each of which is considered a separate accounting entity. The
operations of each fund are accounted for with a separate set of self-
balancing accounts that comprise its assets, liabilities, fund equity,
revenues, and expenditures, or expenses, as appropriate. Government
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
Summary of Significant Accounting Policies (Cont.)
B. Basis of Presentation - Fund Accounting (Cont.)
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 seven generic fund types and three broad
fund categories as follows:
GOVERNMENTAL FUNDS
General Fund - The General Fund is the general operating fund of the
Village. It is used to account for all financial resources except those
required to be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to account for the
proceeds of specific revenue sources (other than special assessments, ex-
pendable trusts, or major capital projects) that are legally restricted to
expenditures for specified purposes.
Debt Service Funds - Debt Service Funds are used to account for the accumu-
lation of resources for, and the payment of, general long-term debt princi-
pal, interest, and related costs.
Capital Projects Funds - Capital Projects Funds are used to account for fi-
nancial resources to be used for the acquisition or construction of major
capital facilities (other than those financed by Proprietary Funds, Special
Assessment Funds, and Trust Funds).
PROPRIETARY FUNDS
Enterprise Funds - Enterprise Funds are used to acconnt for operations (a)
that are financed and operated in a manner similar to private business
enterprises - where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the
general public on a continuing basis be financed or recovered primarily
through user charges; or (b) where the governing body has decided that
periodic determination of revenues earned, expenses incurred, and/or net
income is appropriate for capital maintenance, pnblic 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.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1985
1. S,~mary of Significant Accounting Policies (Cont.)
D. Budgets and Budgetary Accounting (Cont.)
The following funds adopt annual operating budgets:
Fund Budgetary Basis of Accountin~
General
General Modified Accrual
Special Revenue
Library M~dified Accrual
Federal Revenue Sharing Modified Accrual
Illinois Municipal Retirement Modified Accrual
Motor Fuel Tax Modified Accrual
Debt Service
Waukegan Road Sanitary
District Bond Series of 1968 Modified Accrual
Police Administration
Building Bond Series of 1972 Modified Accrual
Municipal Building Bond Series of 1979 Modified Accrual
Library Bond Series of 1984 Modified Accrual
Special Service Area No. 1 of 1981 Modified Accrual
Special Service Area No. 2 of 1981 Modified Accrual
Special Service Area No. 3 of 1981 Modified Accrual
Special Service Area No. 4 of 1982 Modified Accrual
Capital Projects
Public Works Garage Modified Accrual
Capital Equipment Replacement Modified Accrual
Capital Projects Modified Accrual
Enterprise
Waterworks and Sewerage - East Accrual
Waterworks and Sewerage - West Accrual
Commuter Parking Lot Accrual
Internal Service
Municipal Equipment Repair Accrual
Trust
Police Pension Accrual
Firemen's Pension Accrual
The level of control (level at which expeditures may not exceed budget) is
the Fund. Budgets lapse at year end. No supplemental budget was enacted.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
8uaaaary of Sign~flcant ~ccount~ng ?ol£cles (Cont.)
Assets, Liabilities, and Fund Equity
Investments
Investments are stated at cost or amortized cost, which approximates
market.
The Village adopted a cash control and investment policy in February of
1983. This policy specifies what financial instruments and institutions
the Village will use for investment of idle funds. The policy is
consistent with current state law. As of the date of this report all of
the Village's investments were in accordance with this policy.
Inventory
Inventory is valued at the lower of cost (first-in, first-out) or market.
Inventory is recorded on a basis of a physical count.
Fixed Assets and Long-Term Liabilities
The accounting and reporting treatment applied to the fixed assets and
long-term liabilities associated with a fund are determined by its
measurement focus. All Governmental Funds and Expendable Trust Funds are
accounted for on a spending or "financial flow" measurement focus. This
means that only current assets and current liabilities are generally
included on their balance sheets. Their reported fund balance (net current
assets) is considered a measure of "available spendable resources."
Governmental fund operating statements present increases (revenues and
other financing sources) and decreases (expenditures and other financing
uses) in net current assets. Accordingly, they are said to present a
summary of sources and uses of "available spendable resources" during a
period.
Fixed assets used in governmental fund type operations (general fixed
assets) are accounted for in the General Fixed Assets Account Group, rather
than in governmental funds. Public domain ("infrastructure") general fixed
assets consisting of certain improvements other than buildings, including
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
1. Summary of Significant Accounting Policies (Cont.)
E. Assets, Liabilities, and Fund Equity (Cont.)
Fixed Assets and Long-Term Liabilities (Cont.)
roads, bridges, curbs and gutters, streets and sidewalks, drainage systems,
and lighting systems, are not capitalized along with other general fixed
assets. No depreciation has been provided on general fixed assets.
Ail fixed assets are valued at historical cost or estimated historical cost
if actual historical cost is not available. Donated fixed assets are
valued
at
their
estimated fair value on the date donated.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long-Term Debt Account Group, not in the
governmental funds. The single exception to this general rule is for
special assessment bonds, which are accounted for in Special Assessment
Funds.
The two account groups are not "funds." They are concerned only with the
measurement of financial position. They are not involved with measurement
of results of operations.
Because of their spending measurement focus, expenditure recognition for
governmental fund types is limited to exclude amounts represented by
noncurrent liabilities. Since they do not affect net current assets, such
long-term amounts are not recognized as governmental fund type expenditures
or fund liabilities. They are instead reported as liabilities in the
General Long-Term Debt Account Group.
Ail Proprietary Funds and Pension Trust Funds are accounted for on a cost
of services or "capital maintenance" measurement 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 retained earnings
components. Proprietary fund type operating statements present increases
(revenues) and decreases (expenses) in net total assets.
15
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
S,~mary of Significant Accounting Policies (Cont.)
Assets, Liabilities, and Fund Equity (Cont.)
Fixed Assets and Long-Term Liabilities (Cont.)
Depreciation of all exhaustible fixed assets used by proprietary funds is
charged as an expense against their operations. Accumulated depreciation
is reported on proprietary fund balance sheets. Depreciation has been
provided over the estimated useful lives using the straight line method.
The estimated useful lives are as follows:
System and Water Mains 50 years
Buildings 25-50 years
Improvements 10-20 years
Equipment 3-10 years
Revenues, Expenditures, and Expenses
Property Tax Revenue Recognition
1985 property taxes attach as an enforceable lien on January 1, 1985. They
are levied the subsequent September (by passage of a Tax Levy Ordinance).
Tax bills are prepared by the County and issued on or about February 1,
1986 and August 1, 1986, and are payable in two installments, on or about
March 1, 1986 and on or about September 1, 1986. The County collects such
taxes and remits them periodically.
Property tax revenues are recognized when they become both measurable and
available, in accordance with NCGA Interpretation 3. The 1985 tax levy has
been treated as deferred revenue since it is intended to finance the
subsequent year's expenditures. Current year's operating statements
recognize 1984 tax levy revenues which finance the current year's
expenditures. Fiduciary (Pension Trust) Funds recognize 1985 tax levy
revenues.
Property taxes receivable which are delinquent more than one year have been
written off; subsequent collections of such taxes are reflected as "prior
years' taxes" revenue in the period received.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
1. Summary of Significant Accounting Policies (Cont.)
F. Revenues, Expenditures, and Expenses (Cont.)
Accumulated Unpaid Compensated Absences
Village employees are granted vacation pay and sick leave in varying
amounts. The Village has calculated the following amounts with respect to
accrued vacation pay and sick leave at December 31, 1985:
Vacation Pay (all current) $159,990
Sick Leave
$159~990
Accumulated unpaid compensated absences are accrued when incurred in
proprietary funds (using the accrual basis of accounting). Such amounts
(current portion) are accrued in governmental funds (using the modified
accrual basis of accounting).
G. Financial Reporting
Comparative Data
Comparative total data for the prior year have been presented in the
accompanying financial statements in order to provide an understanding of
changes in the Village's financial position and operations. However, com-
parative (i.e., presentation of prior year totals by fund type) data have
not been presented in each of the statements since their inclusion would
make the statements unduly complex and difficult to read.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1985
Summary of Significant Accounting Policies (Cont.)
G. Financial Reporting (Cont.)
Total Columns on Combined Statements - Overview
Total columns on the Combined Statements Overview are captioned
"Memorandum Only" to indicate that they are presented only to facilitate
financial analysis. Data in these columns do not present financial
position, results of operations, or changes in financial position in
conformity with generally accepted accounting principles. Neither is such
data comparable to a consolidation. Interfund eliminations have not been
made in the aggregation of this data.
Authoritative Sources - Financial Reporting
The financial statements are presented in accordance with generally
accepted accounting principles applicable to state and local governmental
units. These basic principles have been promulgated by the National
Council on Governmental Accounting, and are detailed in their publications
entitled "Governmental Accounting and Financial Reporting Principles - NCGA
Statement 1", and subsequent NCGA Statements and Interpretations.
The Governmental Accounting Standards Board, successor to the NCGA, has
issued GASB Statement I, which establishes the authoritative status of NCGA
Pronouncements and the AICPA Industry Audit Guide, and has issued
subsequent authoritative pronouacements.
2o
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities
1. 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 1,000 hours or more per
year;
b.) are paid on a regular payroll from Village funds;
c.) were under age seventy when first entering employment; and
d.) are not covered by another state created retirement system
for the same service.
2) The Illinois Municipal Retirement Fund's (Chicago) actuary
estimated that as of December 31, 1984 (the date of the latest
computation), the present value of currently accrued retirement
obligations of the Village was $3,526,358. The Village had
accumulated assets of $586,866 on the same date. Therefore,
the balance of $2,939,492 remains to be financed by future
contributions payable by the municipality on behalf of its
present employees. The normal cost portion of the Village's
contribution rate is expected to provide $657,692 of this
amount and the prior service portion of the rate is expected to
provide $2,281,800. 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
certified by the Fund actuary, sufficient to
fixed
at
levels,
meet the entire cost of benefit payments ultimately to be
made.
Actual contributions this year totaled $275,800. This is a
statewide plan, administered by IMRF. The Village has no
further liability to this plan.
21
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
Detail Notes on All Funds and Account Groups (Cont.
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
b. Police Pension Fund
1) Chapter 108-1/2, Sections 3-125 and 127 of the Illinois
Revised Statutes, provide that municipalities shall establish
and maintain a reserve fund of not less than $10,000 for each
policeman and each beneficiary; provided that the accumulated
reserve shall not exceed the estimated total actuarial
requirements of the Fund.
In municipalities having less than the actuarial requirements
of the Fund, the Board of Trustees of the Fund shall designate
the proportionate amount needed annually to insure the
accumulation of such actuarial reserve over a 40 year period
ending in 2020. The total actuarial requirements at December
31, 1984 (the date of the latest computation) amonnted to
$8,398,321, as determined by the Illinois Department of
Insurance.
Net present assets $4,789,889
Unfunded accrued liability 3,608,432
$8,398,321
Actnal contributions this year totaled $559,960. 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, 1985 $4,789,893 $(4,448,897) $ 9,238,790
Additions
Employer Contributions (Taxes) 559,960 559,960
Employee Contributions 149,009 149,009
Interest 465,639 465,639
Other 17,376 17,376
Total Balances and Additions $5,981,877 $(4,448,897) $10,430,774
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
3. Detail Notes on Ail Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
b. Police Pension Fund (Cont.)
2) Changes in Fund Balance (Cont.)
Reserved for
Employee
Retirement
Total Unreserved System
Actuarial Adjustments
(Increase) Decrease in
Unfunded Accrued Liability 840,465 (840,465)
Total Revised Balances $5,981,877 $(3,608,432) $ 9,590,309
Deductions
Benefit Payments and Re funds $ 257,364 $ 257,364
Miscellaneous 1,083 1~083
Total Deductions $ 258,447 - $ 258,447
Balances - December 31, 1985 $5,723,430 $(3,608,432) $ 9,331,862
3) Tax Levy Requirements
Amount necessary to provide the normal cost
based on the annual payroll of active
participants as of December 31, 1984. $201,241
Amount necessary to amortize the unfunded
accrued liability of $3,608,432 as
determined by the State of Illinois Depart-
ment of Insurance over the remaining
36.0027 years as contemplated by Section
3-127 of the Illinois Pension Code. . 263,635
Total amount of tax levy necessary to arrive
at the annual requirements of the Fund as
required in Section 3-125 of the Illinois
Pension Code. $464~876
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
c. Firemen's Pension Fund
1) Chapter 108-1/2, Sections 4-118 and 120 of the Illinois Revised
Statutes, provide that municipalities shall establish and
maintain a reserve fund of not less than $1,000 for each 1,000
inhabitants; provided that the accumulated reserve shall not
exceed the estimated total actuarial requirements of the Fund.
In municipalities having less than the actuarial requirements
of the Fund, the Board of Trustees of the Fund shall designate
the proportionate amount needed annually to insure the
accumulation of such actuarial reserve over a 40 year period
ending in 2020. The actuarial requirements at December 31,
1984 (the date of the latest computation) amounted to
$4,646,789 as determined by the Illinois Department of
Insurance.
Net present assets $3,524,611
Unfunded accrued liability 1,122,178
$4,646,789
Actual contributions this year totaled $305,144. 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, 1985 $3,922,102 $(1,271,197) $5,193,299
Additions
Employer Contributions (Taxes) 305,144 305,144
Employee Contributions 95,739 95,739
Interest 418,232 418,232
Other 33,461 33,461
Total Balances and Additions $4,774,678 $(1,271,197) $6,045,875
SrA m lrs ,mmm
DF~FR 31, 198)
3. ~ta~[ ~tes m ~1 ~ ~ ~comt Groups (~nt.)
B. ~ilities (~.)
5. ~Tem ~t m
a. ~es ~ ~Tem ~bt
~1~ ~l~ces m
F~d ~t J~ 1, ~er 31,
~tir~ By 1985 Iss~ces ~tir~ts 1985
~neral ~l~ation ~nds m
~g~ ~ ~t~
District ~r ~ m
~ries of 1~8 ~bt ~ice $ 10,~ $ 5,~ $ 5,~
Police ~strati~ ~ild~
~ Series of 1972 ~bt ~ice 570,~ 120,~ 450,~
L~br~ ~ ~r~es o~ 19~ ~bt ~mlce 3,1~,~ 3,1~,~
L~br~ ~nd Ser~es of 1985
~,3~,~ $150,~ 8225,~ ~,~5,~
S~cia[ ~ice ~ea m
~1 ~ ~ries of 19~ ~bt ~ice $ 42,~ $ 7,~ $ 35,~
~ ~d ~ries of 1981 ~t ~ice 32,829 1,776 31,053
~3 ~ ~ries of 1982 ~bt ~ice 21,5~ 1,1~ 20,431 m
~ ~d ~ries o~ 1982 ~bt ~ice ~,133 6,~7 77,726
m
~5 ~ series of 1985 ~bt ~ice $ ~,~ ~'~
$ ~,~ $ 16,351 $ 212,210 m
1~,561
~era~ ~ligat ion
~r~rate
Put.se
~ Wate~r~ ~d m
~ries of 1976 ~r~t $ 50,~ $ 50,~0
m
~rate ~r~se ~ Wate~r~
~ries of 1977 ~r~st 3,5~,~ 2~,~ $3,3~,~ m
~r~rate P~se ~d ~te~r~
~ries of 1979 ~r~st 4,875 ~ 2~,~ 4,675,~
$8,475,~ ~50,~ $8,025,~ m
27
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
5. Long-Term Debt (Cont.)
b. Debt Service Requirements to Maturity
ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS
General
Obligation
Fiscal Year General Special Bonds Carried
Ending Obligation Service as Enterprise
December 31 Bonds Area Bonds Fund Liabilities Total
1986 $ 834 882 $ 36,517 $ 901 438 $ 1,772,837
1987 795 562 35,817 900 363 1,731,742
1988 761 362 35,396 898 i38 1,694,896
1989 775 875 34,976 918 813 1,729,664
1990 639 500 34,554 886 188 1,560,242
1991 457 600 27,345 905 375 1,390,320
1992 433 125 27,344 897 125 1,357,594
1993 408 100 27,345 887 250 1,322,695
13,508 876 125 1,272,295
1994
382
662
1995 356 538 13,507 888 025 1,258,070
1996 329 725 9,753 897 025 1,236,503
1997 302 500 5,998 902 725 1,211,223
1998 5,998 505 500 511,498
1999 5,998 503 500 509,498
2000 5,998 5,998
2001 2,998 2,998
$6,477,431 $323,052 $11,767,590 $18,568,073
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
5. Long-Term Debt (Cont.)
c. Legal Debt Margin
The Village is a home rule municipality.
Article VII, Section 6(k) of the 1970 Illinois Constitution governs
computation of the legal debt margin.
"The General Assembly may limit by law the amount and
require referendum approval of debt to be incurred by
home rule municipalities, payable from ad valorem
property tax receipts, only in excess of the following
percentages of the assessed value of its taxable property
...(2) if its population is more than 25,000 and less than
500,000 an aggregate of one percent: ...indebtedness which
is outstanding on the effective date (July 1, 1971) of
this constitution or which is thereafter approved by
referendum.., shall not be included in the foregoing
percentage amounts."
To date the General Assembly has set no limits for home rule
municipalities.
d. In-Substance Defeasance of Bonds
Waterworks and Sewerage Fund
In fiscal year ended December 31, 1984, $240,000 from the Water
Fund East Bond Reserve Account was used for the purpose of
defeasing the Waterworks and Sewerage Revenue Bond issue of 1964.
1. Funds have been placed in an irrevocable trust with a reputable
trustee for the primary purpose of satisfying old debt at a
specified future date. An escrow agreement has been entered
into with the Exchange National Bank of Chicago, Illinois.
29
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
5. Long-Term Debt (Cont.)
d. Defeasance of Bonds (Cont.)
Waterworks and Sewerage Fund (Cont.)
2. The funds have been invested ~n direct U.S. Treasury
obligations with maturities that approximate the Debt Service
Requirements of the original issue.
U.S. Government securities in the amount of $205,000 at various
interest rates and dates of maturity ranging from 4/30/85 to
3/31/88 have been purchased for the escrow.
3. The proceeds in escrow are not subject to lien for any purpose
other than in connection with the defeasance transaction.
Since the requirements which satisfy defeasance have been met, the
financial statements reflect satisfaction of the original liability
through the irrevocable transfer to an escrow agent of an amount
computed to be adequate to satisfy future Debt Service Requirements
of the Issue.
Schedule of Future Requirements - Waterworks and Sewerage Revenue
Bond Issue to be paid from Escrow:
Year Bond Number Principal
1986 185-196 $ 60,000
1987 197-208 60,000
1988 209-220 60,000
$180,000
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
3. Detail Notes on All Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables
Due Due
From To
General
Corporate
Public Library $ 11,592
Illinois Municipal Retirement 4,507
Debt Service 5,231
Capital Projects $ 41,702
Waterworks and Sewerage - East 75,000
Escrow 141,420
Police Pension 33,141
Firemen's Pension 4,428
Total General $ 41,702 $275,319
Special Revenue
Library
Corporate $ 11,592
Illinois Municipal Retirement
Corporate 4,507
Total Special Revenue $ 16,099
Debt Service
Debt Service
Corporate $ 5,231
Waterworks and Sewerage - West 617,896
Waterworks and Sewerage - East $ 48,968
Escrow 225,000
Total Debt Service $623,127 $273,968
Capital Projects
Capital Equipment Replacement
Escrow $200,000
Capital Projects
Corporate 41,702
Total Capital Projects $241,702
31
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
Detail Notes on All Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables (Cont.)
Due Due
From To
Enterprise
Waterworks and Sewerage - East
Debt Service $ 48,968
Corporate 75,000
Waterworks and Sewerage - West 75,000
Escrow $ 185~000
$ 198,968 $ 185,000
Waterworks and Sewerage - West
Waterworks and Sewerage - East $ 75,000
Debt Service 617~896
$ 692,896
Total Enterprise $ 198,968 $ 877;896
Trust and Agency
Escrow
Corporate $ 141,420
Debt Service 225,000
Capital Equipment Replacement 200,000
Waterworks and Sewerage - East 185,000
$ 751~420
Police Pension
Corporate $ 33~141
Firemen's Pension
Corporate $ 4,428
Total Trust and Agency $ 788,989
$1~668,885 $1,668,885
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
3. Detail Notes on All Funds and Account Groups (Cont.)
D. Fund Equity
1. Reservation of Fund Balance
Reserves are used to segregate portions of fund balances which are
either legally restricted for specific purposes or not "available
spendable resources".
2. Unreserved Fund Balance - Designated
Designations represent portions of Unreserved Fund Balance segregated
to indicate tentative plans for financial resource utilization in a
future period.
3. Prior Period Adjustments
General Fund
Corporate Fund
To correct an error from a przor period. Personal
Property Replacement Tax Receivable was overstated. $(34,235)
Special Revenue Funds Library Fund
To correct an error from a prior period. Personal
Property Replacement Tax Receivable was overstated. $(24,808)
Illinois Municipal Retirement Fund
To correct an error from a prior period. Personal
Property Replacement Tax Receivable was overstated. (9,322)
Motor Fuel Tax
To correct an error from a prior period. Accounts
Receivable was overstated. (30~000)
Total Special Revenue Funds $(64,130)
Debt Service Fund
To correct an error from a prior period. Personal
Property Replacement Tax Receivable was overstated. $(12~070)
33
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
Segment Information for Certain Individual Enterprise Funds
The Village maintains three Enterprise Funds, two of which provide waterworks
and sewerage, and one providing parking services. Segment information for the
year ended December 31, 1985 is as follows:
Waterworks Waterworks Commuter
and Sewerage and Sewerage Parking
Fund - East Fund - West Lot Fund Total
Operating Revenues $1,995,056 $2,207,923 $ 71,260 $4,274,239
Depreciation, Depletion, and
Amortization Expense 150,925 226,500 5,430 382,855
Operating Income 257,999 949,060 20,678 1,227,737
Operating Grants, Entitle-
ments, and Shared Revenues
Operating Transfers In
Out 433,157 71,200 - 504,357
Tax Revenues
Net Income (Loss) (171,912) 375,371 43,452 246,911
Current Capital Contributions
and Transfers
Contributions 152,785 - - 152,785
Transfers (24,000) - - (24,000)
Plant, Property and Equipment
Additions 167,075 9,873 2,820 179,768
Deletions 17,050 - - 17,050
Total Assets 4,254,528 10,462,562 343,695 15,060,785
Net Working Capital (550,078) 528,335 332,674 310,931
Bonds and Other Long-Term
Liabilities
Payable from Operating
Revenues 8,025,000 - 8,025,000
Payable from Other Source
Total Equity $3,225,026 $1,699,900 $343,595 $5,268,521
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1985
5. Related Entities
A. Joint Ventures
The following is a joint venture of the Village of Glenview as defined in
National Council on Governmental Accounting (NCGA) Statement 7, "Financial
Reporting for Component Units within the Governmental Reporting Entity",
paragraphs 27 through 29, adopted on January 12, 1984.
Intergovernmental Personnel Benefit Cooperative (IPBC)
I. Description of Joint Venture
The Intergovernmental Personnel Benefit Cooperative is a joint venture
established by certain units of local government in Illinois to
administer some or all of the personnel benefit programs offered by
these members to their officers and employees and to the officers and
employees of certain other governmental, quasigovernmental, and
nonprofit public service entities.
Management consists of a Board of Directors comprised of one
representative from each member. In addition, there are two officers,
a Benefit Administrator and a Treasurer.
The Village of Glenview does not exercise any control over the
activities of the Cooperative beyond its representation on the Board of
Directors.
2. Summary Financial Information of Joint Venture
The latest available financial statements of the Cooperative, dated
June 30, 1985, show the following:
Total Assets $2,734,889
Total Liabilities $2,734,889
6. Significant Contingencies
A. Litigation
There are no pending lawsuits in which the Village is involved. The
Village Attorney estimated that the potential claims against the Village
not covered by insurance resulting from any litigation would not materially
affect the financial statements of the Village.
35
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1985
Significant Contingencies (Cont.)
B. Contingent Liabilities
1. The Village participates in a number of federally assisted grant
programs, principal of which are the General Revenue Sharing,
Comprehensive Employment Training Act, and Local Public Works programs.
These programs are subject to program compliance audits by the grantors
or their representatives. The audits of all these programs for or
including the year ended December 31, 1985 have not yet been conducted.
Accordingly, the Village's compliance with applicable grant require-
ments will be established at some future date. The amount, if any, of
expenditures which may be disallowed by the granting agencies cannot be
determined at this time although the Village expects such amounts, if
any, to be immaterial.
2. Ann Pagh vs. Village of Glenview
The Village, as part of the settlement, has been ordered to transfer
$110,359 into a special escrow account to be held and maintained by the
Village for a period of two years. These monies are being retained in
the Escrow Account for a period of two years to allow owners of special
assessment bonds, upon surrendering their bonds, to be paid principal
and interest thereon to August 16, 1976. The settlement further
provides that at the end of a two year period, commencing May 20, 1985,
the Village is authorized to retransfer to its General Fund all
unclaimed amounts and no payment shall be made on said Special
Assessment Bonds subsequent to the retransfer.
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GOVERNMENTAL FUND TYPES
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I GENERAL FUND
Fund Description
General Fund
The General Fund, also referred to as the Corporate Fund, is used to account for
resources traditionally associated with governmental services not required to be
accounted for in another fund.
36
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
BALANCE SHEET
DECEMBER 31, 1985
1985 1984
ASSETS
Cash and Investments $ 705,919 $ 523,286
Receivables
Property Taxes 1,037,918 933,695
Sales Tax 679,700 498,004
Income Tax 63,853 61,209
Utility Tax 192,957 176,491
Replacement Taxes 872 38,686
Accounts 60,589 50,778
Other 28,307 12,023
Deposits 110,359
Due from Other Funds 41,702 504,455
Total Assets $2,922,176 $2,798,627
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable $ 38,498 $ 33,256
Compensated Absences Payable 153,266 119,472
Due to Other Funds 275,319 306,346
Deferred Revenues 1,037,918 933,695
Refundable Deposits 25,729 28,304
Claims Payable 100,000
Total Liabilities $1,630,730 ~1,421,073
Fund Balance 1,291,446 1~377~554
Total Liabilities and Fund Balance $2,922,176 $2~798,627
See accompanying Notes to the Financial Statements.
GORPORATE FU~
STAT~W~qT OF REVENUES, EXPE~ITURES,
A~ CHANTS IN FU~ BALANCE - BUDGET A~ ACIUAL
FOR THE YEAR ENDED DECEMBER 31, 1985
1985 1984
B~d~et Actual Actual
Revenues
T~xes $6,455,372 $6,377,762 $5,852,673
Licenses and Permits 741,400 852,457 604,767
Iht ergovermmnt al 59,200 85,563 36,147
(barges for Services 420,971 353,971 388,071
Fines and Forfeits 262,000 277,379 220,653
Miscallaneous 229,100 198,310 192,732
Total Revenues $8,168,043 $8,145,442 $7,295,043
Expenditures
General Goverrment $1,816,928 $1,818,753 $1,719,606
Public Safety 4,508,916 4,436,638 4,147,863
Highways and St reets 2,109,779 1,883,814 1,756,129
Total Expenditures $8,435,623 $8~139,205 $7,623,598
Excess (Deficiency) of Revenues over Expenditures
before Other Financing Sources (Uses) $ (267,580) $ 6,237 $ (328,555)
Other Financing Sources (Uses)
Operating Transfers In (Oat)
Debt Service Fund $ (2,940)
Public ~brks Garage F~nd $ (75,000) $ (75,000) (150,000)
Capital Projects Fond (80,000) (80,000) (196,000)
Escrow Deposit F~nd $ 103,000 96,890 104,089
$ (52,000) $ (5~,110)
Excess (Deficiency) of Revenues and Other Sources
over Empenditures and Other Uses $ (319,580) $ (51,873) $ (573~406)
Fund Balarme
.J~uary I $1,377,55~ $1,950,960
Prior Period gdjuetammt (3~235)
Mjusted Balence $1~343,319 $1,950,960
Deco.her 31 $1,291/-g46 $1,377,554
See a¢co~r~anying iX~tes to the Financial Stat~raents.
38
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1985
1985 1984
Budget Actual Actual
Taxes
Property Taxes - Current $1,028,252 $ 925,763 $ 933,038
Property Taxes - Prior 16,620 21,528
Replacement Taxes 44,630 9,657 34,265
Sales Tax 2,313,300 2,462,183 1,974,783
Utility Tax 2,056,900 1,999,838 1,991,104
Illinois Income Tax 819,600 723,008 766,168
Road and Bridge 80,000 76,223 88,421
Franchise Taxes 112,690 162,816 43,366
Road and Bridge - Prior 1,654
$6,455,372 $6,377,762 $5,852,673
Licenses and Permits
Motor Vehicle $ 422,000 $ 401,776 $ 304,638
Business 79,000 83,040 69,140
Liquor 57,000 58,348 48,903
Dog 4,800 3,347 4,370
Cat 600 308 416
Heating and Air Conditioning 700 805 578
Buildings 52,000 70,413 58,738
Electrical Inspection 22,900 25,532 24,234
Plumbing and Sewer 13,000 15,657 13,187
Plan Review and Elevator Inspection 28,600 25,781 23,437
Driveway 800 750 600
Engineering i0,000 113,875 9,024
Unclassified Public Works Service 30,000 25,068 27,495
Other Current Service Charges 20,000 27,757 20,007
$ 741,400 $ 852,457 $ 604,767
Intergovernmental $ 59,200 $ 85,563 $ 36,147
Charges for Services
Administration $ 420,971 $ 353,971 $ 388,071
Fines and Forfeits $ 262,000 $ 277,379 $ 220,653
Miscellaneous
Interest $ 90,100 $ 76,162 $ 88,648
Insurance Refunds 57,000 60,214 42,157
Damage to Village Property 12,000 6,661 12,147
Other 70,000 55,273 49,780
$ 229,100 $ 198,310 $ 192,732
Total Revenues $8,168,043 $8,145,442 $7,295,043
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1985
1985 1984
Budget Actual Actual
General Government
Board of Trustees $ 9,890 $ 12,389 $ 9,667
Special Board 67,243 33,520 41,617
Village Clerk's Office 9,495 8,354 9,387
Legal 272,728 325,612 316,212
Emergency Service Disaster Agency 5,150 20,249 9
Village Manager's Office 232,355 255,411 232,200
Finance 372,078 357,057 376,403
Municipal Building and Grounds 133,502 97,557 96,636
Personnel 714,487 708,60~ 637,475
$1,816,928 $1,818,753 $1,719,606
Public Safety
Police Department $2,841,834 $2,789,573 $2,602,553
Fire Department 1,608,995 1,591,461 1,524,690
Printing and General Services 58,087 55,604 20,620
$4,508,916 $4,436,638 $4,147,863
Highways and Streets
Development and Public Services
Administration $ 143,990 $ 119,741 $ 127,348
Planning and Zoning 61,765 72,255 45,308
Engineering 223,503 206,450 i83,411
Public Works - General Street
Maintenance 81,669 68,247 80,019
Public Works - Special Projects 155,000 3,881
Public Works - Overhead 521,637 551,236 530,552
Public Works - Traffic 179,818 159,445 169,850
Public Works - Storm Drains 95,266 61,176 74,114
Public Works - Snow and Ice Control 167,205 165,481 116,650
Public Works - Trees 122,379 113,024 102,377
Public Works - Grounds 42,036 53,683 40,522
Building Inspection 248,488 248,848 230,332
General
Health
67,023 64,228 51,765
Total Expenditures $2,109,779 $1,883,814 $1,756,129
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
General Government
Board of Trustees
Regular Salaries $ 3,000 $ 2,950
Contractual Services 1,215 1,130
Travel Expense 4,175 6,553
Materials and Supplies 1,450 1,731
Other Operational Expense 50 25
$ 9,890 $ 12,389
Special Board
Temporary Salaries $ 960 $ 560
Contractual Services 60,850 31,625
Dues and Subscriptions 183 197
Travel Expense 50
Materials and Supplies 5,100 1,138
Contingencies 100
$ 67,243 $ 33,520
Village Clerk
Regular Salaries $ 900 $ 900
Temporary Salaries 400 240
Dues, Subscriptions and Memberships 7,970 7,214
Maintenance of Equipment 50
Travel Expense 50
Office Supplies 125
$ 9,495 $ 8,354
Legal
Regular Salaries $ 3,893 $ 4,006
Contractual and Professional Services 70,950 64,764
Insurance and Bonding 190,000 254,502
Dues, Subscriptions and Memberships 350 255
Maintenance of Equipment 85
Travel Expense 1,700 812
Materials and Supplies 750 1,273
Other 5,000
$272,728 $325,612
Emergency Service Disaster Agency
Water Emergency $ 19,303
Postage $ 2,850
Maintenance of Equipment 1,100 946
Office Supplies 100
Books, Pamphlets, and Materials 100
Contingencies 1,000
$ 5,150 $ 20,249
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
General Government (Cont.)
Village bianager
Regular Salaries $176,941 $208,589
Temporary Salaries 12,285 8,316
Holiday Pay 600 300
Longevity Pay 950 950
Printing, Binding and Publication 13,100 11,429
Postage 12,740 11,391
Dues, Subscriptions and Memberships 1,675 1,564
Maintenance of Equipment 150 65
Travel Expense 5,164 5,458
Training Expense 1,250 376
Books, Pamphlets and Materials 300 390
Equipment Replacement 3,000 3,000
Equipment Repairs 4,200 3,583
$232,355 $255,411
Finance
Regular Salaries $229,372 $229,355
Overtime Salaries 1,000 3,915
Temporary Salaries 19,278 14,387
Longevity Pay 2,850 2,617
Contractual Professional Services 37,975 32,105
Printing, Binding and Publication 10,000 3,533
Postage 5,500 3,590
Dues, Subscriptions and Membership 1,413 1,453
Maintenance of Equipment 20,729 21,216
Rentals 20,223 19,305
Travel Expense 1,438 1,616
Training 600 675
Office Supplies 14,000 15,703
and Materials 400 112
Books,
Pamphlets
Computer Supplies 6,200 6,667
Other Operating Expense 200
Machinery and Equipment 900 808
$372,078 $357,057
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
General Government (Cont.)
Municipal Building and Grounds
Regular Salaries $ 22,092 $ 22,068
Overtime Salaries
5OO
Temporary Salaries 6,550 4,771
Longevity Pay 450 450
Heating and Lighting 14,850 8,392
Postage 15,000 9,404
Telephone 25,000 19,127
Maintenance of Equipment 16,590 13,515
Maintenance of Buildings 1,950 1,279
Rentals 8,520 8,655
Uniform Allowance 300 146
Cleaning and Household Supplies
1,900
2,845
Maintenance Materials - Buildings 1,800 1,707
Small Tools and Equipment 400 151
Employee Welfare 3,400 1,642
Equipment Repairs 200
Improvements Other than Buildings 14,000 3,405
$ 133,502 $ 97,557
Personnel
Contractual Professional Services $ 7,850 $ 5,581
Printing, Binding and Publications 2,300 606
Dues, Subscriptions and Memberships 650 634
Insurance and Bonding 672,837 678,381
Travel 800 530
Training Expense 25,500 18,472
Books, Pamphlets and Materials 100 95
Employee Welfare 4,400 4,305
Contingencies 50
$ 714,487 $ 708,604
Total General Government $1,816,928 $1,818,753
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Public Safety
Police Department
Regular Salaries $2,030,816 $2,020,929
Overtime Salaries 42,100 50,471
Overtime Court Time 43,680 39,790
Overtime Training 8,320 6,063
Temporary Salaries 123,330 102,294
Holiday Pay 80,000 74,078
Longevity Fay 16,850 16,500
Pay Differential - Director 1,200 1,200
Contractual and Professional Services 7,500 9,005
Printing, Binding and Publication 2,800 2,771
Heating 7,260 5,548
Postage 3,750 2,343
Telephone 22,000 24,118
Teletype 7,600 7,299
Dues and Subscriptions 1,250 1,911
Maintenance of Equipment 43,050 29,864
Maintenance of Buildings 2,700 2,459
Rentals 9,360 8,112
Travel Expenses 2,750 1,928
Training 29,500 30,610
Uniform Allowance 22,970 25,107
Office Supplies 3,200 3,212
Books, Pamphlets and Materials 3,500 3,620
Cleaning and Household Supplies 2,000 1,402
Maintenance Materials - Buildings 3,600 3,195
Operating Materials and Supplies 16,950 16,237
Computer Supplies 800 495
Equipment Replacement 99,281 99,281
Equipment Repairs 143,000 139,939
Machinery and Equipment 42,971 42,546
Other 17,746 17,246
$2,841,834 $2,789,573
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budge~ Actual
Public Safety (Cont.)
Fire Department
Regular Salaries $1,287,991 $1,264,368
Emergency Overtime Salaries 53,600 67,990
Longevity Pay 18,600 17,725
Contractual Professional Services 66,976 62,015
Printing and Publications 150 8
Heating 4,500 3,439
Postage 550 351
Telephone 10,080 9,008
Dues, Subscriptions and Memberships 604 641
Maintenance of Equipment 18,159 11,183
Maintenance of Buildings 4,850 3,580
Travel Expense 1,905 306
Training 4,975 2,670
Uniform Allowances 10,775 10,775
Fire Prevention Pamphlets 2,475 1,594
Motor Vehicle Supplies 1,200 1,881
Cleaning Supplies 2,600 2,317
Maintenance Materials - Equipment 250
Maintenance Materials - Buildings 5,150 3,936
Small Tools and Equipment 1,725 810
Operating Materials and Supplies 15,200 10,793
Other Operating Expenses 12,117 12,117
Equipment Replacement 53,633 53,632
Equipment Repairs 25,000 42,008
Machinery and Equipment 2,480 5,551
Furniture and Fixtures 3,450 2,763
$1,608,995 $1,591,461
Printing - General Services
Printing and Binding $ 2,000 $ 2,631
Maintenance of Eqnipment 1,275
Office Supplies 13,000 10,696
Operating Supplies 2,700 3,750
Small Tools and Equipment 75
Machinery and Equipment 39,037 38,527
$ 58,087 $ 55,604
$4,508,916 $4,436,638
Total Public Safety
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Highways and Streets
Development and Public Services
Administration
Regular Salaries $121,420 $103,237
Overtime Salaries 400 401
Temporary Salaries 1,000
Longevity Pay 450 450
Contractual and Professional Services 800 1,016
Printing, Binding and Publication 200 51
Dues, Subscriptions and Memberships 370 322
Maintenance of Equipment 1,330 1,109
Travel Expense 1,050 995
Training 1,200 661
Materials and Supplies 2,070 1,149
Equipment Replacement 1,500 1,500
Equipment Repairs 1,500 1,022
Machinery and Equipment 10,700 7,828
$143,990 $119,741
Planning and Zoning
Regular Salaries $ 32,760 $ 37,316
Temporary Salaries 800 1,360
Contractual and Professional Services 20,000 28,521
Printing, Binding and Publication 3,700 2,164
Dues, Subscriptions and Memberships 2,605 2,557
Travel Expense 900 68
Training 600
Operational Supplies 400 269
$ 61,765 $ 72,255
Engineering
Regular Salaries $161,561 $163,542
Overtime Salaries 500 1,829
Temporary Salaries 24,862 13,529
Longevity Pay 850 850
Contractual Professional Services 10,000 3,924
Printing, Binding and Publications 150 59
Dues, Subscriptions and Memberships 45
Maintenance of Equipment 575 309
Microfilming
1,600 2,048
Travel Expense 1,100 709
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Engineering (Cont.)
Training $ 1,360 $ 320
Uniform Allowance 400 300
Books, Pamphlets and Materials 100 9
Operational Materials 1,200 1,268
Equipment Replacement 7,500 7,500
Equipment Repairs 8,000 6,755
Machinery and Equipment 3,700 3,499
$223,503 $206,450
Public Works - General Street Maintenance
Regular Salaries $ 51,985 $ 41,296
Overtime Salaries 2,284 4,913
Temporary Salaries 5,500 5,347
Maintenance Materials - Improvements 16,000 15,110
Small Tools and Equipment 900 380
Operating Materials and Supplies 5,000 1,201
$ 81,669 $ 68,247
Public Works - Overhead
Regular Salaries $195,318 $214,291
Overtime Salaries 104 271
Temporary Salaries 16,100 25,442
Longevity Pay 7,150 7,150
Heat 4,100 11,379
Telephone 6,i50 3,043
Maintenance of Equipment 130 664
Building Improvements 5,000 4,578
Maintenance
of
Rentals 8,600 10,542
Travel Expense 100 172
Training 1,500 1,757
Dues, Subscriptions and Memberships 40 211
Uniform Allowance 6,000 5,426
Books, Pamphlets and Materials 100 337
Cleaning Supplies 2,000 2,745
Small Tools and Equipment 1,000 1,433
Employee Welfare 2,200 3,071
112,445 112,445
Equipment
Replacement
Equipment Repairs 109,400 146,279
Machinery and Equipment 44,200
$521,637 $551,236
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Traffic
Regular Salaries $ 34,310 $ 31,398
Overtime Salaries 1,038 5,254
Temporary Salaries 2,000 499
Power and Lights 79,000 76,384
Maintenance of Equipment 39,000 28,102
Maintenance of Buildings 10,500 8,333
Rentals 400
Sign Supplies 10,000 8,713
Small Tools and Equipment 200 11
Operating Materials and Supplies 850 751
Other 2,520
$179,818 $159,445
Public Works - Storm Drains
Regular Salaries $ 71,313 $ 47,941
Overtime Salaries 4,153 474
Temporary Salaries 3,250 4,766
Maintenance of Buildings 3,000
Maintenance Materials - Equipment 2,500 1,668
Maintenance Materials - Buildings 5,500 1,881
Small Tools and Equipment 150 381
Operating Materials and Supplies 5,400 4,065
$ 95,266 $ 61,176
Public Works - Snow and Ice Control
Regular Salaries $ 64,98i $ 67,626
Overtime Salaries 24,919 20,544
Temporary Salaries 1,500 2,238
Contractual Professional Services 525 525
Rentals 2,500
Maintenance Materials - Equipment 7,500 9,279
Operating Materals and Supplies 40,680 43,904
Machinery and Equipment 24,600 21,365
$167,205 $165,481
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Trees
Regular Salaries $ 73,818 $ 74,782
Overtime Salaries 4,361 2,394
Temporary Salaries 8,500 10,271
Contractual Professional Services 1,500 360
Dues, Subscriptions and Membership 100 37
Maintenance of Equipment 500 895
Maintenance of Buildings 28,500 19,086
Books, Pamphlets and Materials 50 79
Maintenance Materials - Equipment 450 657
Small Tools and Equipment 900 1,088
Operating Materials and Supplies 3,000 2,747
Machinery and Equipment 700 628
$122,379 $113,024
Public Works - Grounds
$ 34,277 $ 45,893
Regular
Salaries
Overtime Salaries 934 2,292
Temporary Salaries 3,000 1,559
Maintenance of Buildings 1,500 635
Maintenance Materials - Equipment 225 242
Small Tools and Equipment 900 756
Operating Materials and Supplies 1,200 2,306
$ 42,036 $ 53,683
Building and Inspection
Regular Salaries $208,188
$206,660
Overtime Salaries 500 6,736
Temporary Salaries 4,270 5,210
Longevity Pay 2,050 2,050
Contractual and Professional Services 6,645 5,516
Printing, Binding and Publication 800
Dues, Subscriptions and Memberships 580 654
Maintenance of Equipment 1,050 250
Microfilming 2,300 1,398
Travel 880 568
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.
Building and Inspection (Cont.)
Training $ 2,600 $ 1,318
Uniform Allowance 225 300
Books, Pamphlets and Materials 300 163
Operating Materials and Supplies 800 654
Other Operating Expenses 300 300
Equipment Replacement 6,000 6,000
Equipment Repairs 8,000 7,942
Machine~7y and Equipment 3,000 3,129
$ 248,488 $ 248,848
General Health
Regular Salaries $ 55,164 $ 54,394
Overtime Salaries 700 687
Temporary Salaries 1,964 2,278
Longevity Pay 400 400
Contractual and Professional Services 150 80
Printing, Binding and Publication 100
Dues, Subscriptions and Memberships 373 186
Maintenance of Equipment 165 48
Travel Expense 635 287
Training 850 520
Books, Pamphlets and Materials 300 118
Small Tools and Equipment 100 27
Operating Materials and Supplies 1,100 178
Equipment Replacement 1,500 1,500
Equipment
Repairs 2,300 2,471
Machinery and Equipment 1,022 927
Other Operational Expense 200 127
$ 67,023 $ 64,228
Total Highways and Streets $2,109,779 $1,883,814
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I SPECIAL REVENUE FUNDS
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Fund Descriptions
Library Fund
The Library Fund is nsed to account for the resources necessary to provide the
educational, cultural and recreational activities of the Glenview Public Library.
Federal Revenue Sharing Fund
The Federal Revenue Sharing Fund provides acconntability for Federal Revenue
Sharing monies received under Title I of the State and Local Fiscal Assistance Act
of 1972.
Illinois Municipal Retirement Fund
The Illinois Municipal Retirement Fund is used to account for the revenue and
expenditnres associated with providing disability and pension benefits for Glenview
employees. This fund also provides the employer with a portion of F.I.C.A.
Contributions.
Motor Fuel Tax Fund
The Motor Fuel Tax Fund is used to account for the activities involved with street
maintenance and construction. Financing is provided by the Village's share of
State gasoline taxes. State law requires these gasoline taxes to be used to
maintain streets.
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VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Revenues
Property Taxes - Current $ 670,000 $671,114
Property Taxes - Prior 11,592
Replacement Taxes 31,129 24,032
Interest Income 30,000 35,870
Other Current Charges 125,500 98,068
Total Revenues $ 856~629 $840,676
Expenditures $ 938,264 $815,730
Excess (Deficiency) of Revenues over
Expenditures before Other Financing (Uses) $ (81,635) $ 24,946
Other Financing (Uses)
Operating Transfers (Out)
Capital Projects Fund (45,000) (45,000)
Excess (Deficiency) of Revenues over
Expenditures and Other Uses $(126,635) $(20,054)
Fund Balance
January 1, 1985 $452,580
Prior Period Adjustment (24,808)
Adjusted Balance $427,772
December 31, 1985 $407,718
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Regular Salaries $543,389 $307,116
Overtime Salaries 6,299
Temporary Salaries 188,249
Contractual and Professional Services 2,800 6,051
Printing, Binding and Publication lO,O00 10,099
Power and Lights 1,000 428
Heating 10,000 2,902
Water 1,100 70i
Postage 7,200 5,477
Telephone and Telegraph 6,000 6,081
Dues and Subscriptions 900 678
Maintenance of Equipment 4,500 4,801
Maintenance of Copiers 12,000 8,337
Maintenance of EDP Equipment 28,000 24,747
Maintenance of Buildings 11,600 7,747
Insurance and Bonding 36,000 44,760
Travel Expense 3,500 3,368
Training 1,600 1,588
Library Programs 2,700 745
Office Supplies 10,000 9,590
Books, Pamphlets and Materials 174,675 164,286
Cleaning Supplies 2,800 1,878
Other Operating Expenses 500 582
Contingencies 45,000 1,645
Automation and Expansion 15,000
Machinery and Equipment 6,888
Gift Fund 8,000 687
Total Expenditnres $938,264 $815,730
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, 1985
Budget Actual
Revenues
Property Taxes - Current $ 261,565 $261,971
Property Taxes - Prior 4,507
Replacement Taxes 12,103 9,322
Employee Contributions 360,971 379,860
Interest 61,500 43,012
Other 26,971 26,971
Total Revenues $ 723,110 $ 725,643
Expenditures
Retirement Contributions 831,658 845,288
Excess (Deficiency) of Revenues over
Expenditures before Other Financing Sources $(108,548) $(119,645)
Other Financing Sources
Operating Transfers In
Waterworks and Sewerage Fund - East $ 43,000 $ 43,000
Waterworks and Sewerage Fund - West 13,000 13,000
$ 56,000 $ 56,000
Excess (Deficiency) of Revenues and Other
Sources over Expenditures $ (52,548) $ (63~645)
Fund Balance
January 1, 1985 $ 626,382
Prior Period Adjustment. (9,322)
Adjusted Balance $ 617,060
December 31, 1985 $ 553,415
See accompanying Notes to the Financial Statements.
56
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, 1985
Budget Actual
Revenues
Allotments $ 600,000 $ 544,182
Interest Income 57,000 66,197
Miscellaneons 30,097
Total Revenues $ 657,000 $ 640,476
Expenditures - -
Excess of Revenues over Expenditures
before Other Financing (Uses) $ 657,000 $ 640,476
Other Financing (Uses)
Operating Transfers (Out)
Capital Projects Fund (1,228,421) (1,228,421)
Excess (Deficiency) of Revenues over
Expenditures and Other Uses $ (571,421) $ (587,945)
Fund Balance
January 1, 1985 $ 1,307,097
Prior Period Adjustment (30~000)
Adjusted Balance $ 1,277,097
December 31, 1985 $ 689,152
See accompanying Notes to the Financial Statements.
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I DEBT SERVICE FUNDS
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Fund Description
The Debt Service Funds are used to account for the accumulation of resources for
the payment of General Long-Term Debt. The following issues are being retired by
tax levy.
Waukegan Road Sanitary Service Bond Series of 1968
This issue in the amount of $38,000 was used to construct a sanitary
sewer on Woodlawn Drive.
Police Administration Buildin~ Bond Series of 1972
This issue in the amount of $1,400,000 was used to construct the Police
Administration Building.
Public Library Parking Lot Bond Series of 1976
This issue in the amount of $200,000 was used to construct a library
parking lot.
Municipal Building Bond Series of 1979
This issue in the amount of $950,000 was used to construct the Village
Hall.
Library Bond Series of 1984
This issue in the amount of $3,100,000 was used to construct an addition
to the library.
Library Bond Series of 1985
This issue in the amount of $150,000 represents the unissued portion of
the Library Bonds of 1984. The total 1984 authorization was for
$3,250,000.
Special Service Area Number 1 Bond Series of 1980
This issue in the amount of $70,000 was used to install a lighting system
in the Swainwood Subdivison.
Special Service Area Number 2 Bond Series of 1981
This issue in the amount of $38,000 was used to construct a sanitary
sewer on Woodlawn Drive.
Fund Description (Cont.)
Special Service Area Number 3 Bond Series of 1982
This issue in the amount of $25,000 was used to construct a water main on
Woodlawn Drive.
Special Service Area Number 4 Bond Series of 1982
This issue in the amount of $90,000 was used to construct a sanitary
sewer in the Northwest portion of the Village.
VILLAGE OF GLENVIEW, ILLINOIS
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES
AND EXPENDITURES - BUDGET AND ACTUAL
DECEMBER 31, 1985
(See Following Page)
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CAPITAL PROJECT FUNDS
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Fund Descriptions
Public Works Garage Fund
The Public Works Garage Fund is used to account for the revenues and expenditures
associated with the construction of a new public works garage. Construction of the
garage began in the fall of 1982.
Capital Equipment Replacement Fund
The Capital Equipment Replacement Fund is used to account for the funds annually
set aside for the eventual replacement of certain capital equipment.
Capital Projects Fund
The Capital Projects Fund is used to account for revenues and expenditures involved
with all other Capital Improvements throughout the Village.
62
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, 1985
Budget Actual
Revenues
Interest Income $ 33,000 $ 22,001
Miscellaneous 70
Total Revenues $ 33,000 $ 22,071
Expenditures
Construction Costs 675,500 46,157
Excess (Deficiency) of Revenues over Expenditures before
Other Financing Sources $(642,500) $(24,086)
Other Financing Sources
Operating Transfers In
Corporate Fund $ 75,000 $ 75,000
Federal Revenue Sharing Fund 134,500 134,500
Waterworks and Sewerage Fund - East 91,800 91,800
Waterworks and Sewerage Fund - West 58,200 58,200
$ 359,500 $359,500
Excess (Deficiency) of Revenues and
Other Sources over Expenditures .$(283,000) $335,414
Fund Balance
January 1, 1985 349,219
December 31, 1985 $684,633
See accompanying Notes to the Financial Statements.
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, 1985
Budget Actual
Revenues
Miscellaneous $ 386,708 $ 404,965
Interest Income 63,500 79,139
Total Revenues $ 450,208 $ 484,104
Expenditures
Automobiles $ 694,500 $ 709,895
Miscellaneous 1,000 957
Total Expenditures $ 695,500 $ 710,852
Excess (Deficiency) of Revenues
over Expenditures $(245,292) $(226,748)
Fund Balance
January 1, 1985 831,099
December 31, 1985 $ 604,351
See accompanying Notes to the Financial Statements.
64
VILLAGE OF GLENVIEW, ILLINOIS
CAPITAL PROJECTS FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Revenues
Grants $ 317,000
Interest 75,000 $ 190,874
Miscellaneous 1,736,500 34,526
Total Revenues $ 2,128,500 $ 225,400
Expenditures
Architects Fees $ 497,603
Construction $ 1,920 000 1,831,948
Sanitary Sewer 226 000 29,921
Stormwater Management 35 000 74,649
Transportation 3,037 083 1,183,480
Trees 30 000 51,503
Water Transmission and Distribution 1,493 000 185,512
Equipment 205 138 184,048
Miscellaneous 20 000 9,017
Total Expenditures $ 6,966 221 $ 4~047,681
(Deficiency) over Expenditures
Excess
of
Revenues
before Other Financing Sources $(4,837,721) $(3,822,281)
Other Financing Sources
Operating Transfers In
Corporate Fund $ 80,000 $ 80,000
Library Fund 45,000 45,000
Motor Fuel Tax Fund 1,228,421 1,228,421
Waterworks and Sewerage Fund - East 570,000 293,000
Waterworks and Sewerage Fund - West 102,000
$ 2,025,421 $ 1,646,421
Proceeds from Bonds 45,000 198~000
$ 2~070,421 $ 1~844~421
Excess (Deficiency) of Revenues and
Other Sources over Expenditures $(2,767,300) $(1,977,860)
Fund Balance
January 1, 1985 2,280,008
December 31, 1985 $ 302,148
See accompanying Notes to the Financial Statements.
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I PROPRIETARY FUND TYPES
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ENTERPRISE FUNDS
Fund Descriptions
Waterworks and Sewerage Fund - Eas~
The Water and Sewer Fund - East is used to account for the provision of water and
sewer service to the residents of east Glenview. All activity necessary to
provide such services is accounted for in this fund including, but not limited to
Administration (Director of Public Works), Operation, Maintenance, Financing and
related Debt Service, and Billing and Collection.
Waterworks and Sewerage Fund - West
The Water and Sewer Fund - West is used to account for the provision of water and
sewer service to the residents of west Glenview and the unincorporated area
adjacent to the western boarder of the Village. Ail activity necessary to provide
such services is accounted for in this fund including, but not limited to,
Administration (Director of Public Works), Operations, Maintenance, Financing and
related Debt Service, and Billing and Collection.
Commuter Parking Lot Fund
The Commuter Parking Lot Fund accounts for the activity involved with but not
limited to the Administration (Finance Director), sale of permits and maintenance
of the commuter parking facilities within the Village.
VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1985
(See Following Page)
VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES~
AND CHANGES IN RETAINED EARNINGS - UNRESERVED
FOR THE YEAR ENDED DECEMBER 31~ 1985
Wate~ and Sewer Charges $1,540,688 $2,089,237 $3,629,925 $3,171,634
Administration $ 150,740 $ 314,517 $ 465,257 $ 570,293
Operating Income $ 257!999 $ 949~060 $ 201678 $1,227,737 $ 533,864
Interest Income $ 5,696 $ 1,579 $ 22,774 $ 30,049 $ 41,840
Interest Expense (2~450) (504,068) (5061518) (5611432)
$ 3~246 ~ (502,489) $ 22,774 $ (476,469) $ (519,592)
Extraordinary Items $ 261,245 $ 446,571 $ 43~452 $ 751,268 $ 14,272
Operating Transfers (Out) (433,157) (71~200) (504~357) (268,470)
before Extraordinary Items $ (171,912) $ 375,371 $ 43,452 $ 246,911 $ (254,198)
and Extraordinary Items $ (171~912) $ 375~371 $ 431452 $ 2461911 $ (202,635}
Restricted Accounts $ (24,000) - $ (24,000) $ 341,545
Retained Earnings - Unreserved $ (195,912) $ 375,371 $ 43,452 $ 222,911 $ 138,910
67
Vlll~t~ OF GLENVIEW, ILLINOIS ENI~SE
O~BINII~ ~ OF CHANGES IN FINANCIAL POSITION
~ THE YEAR E~ED [E6t~ER 31, 1985
Waterworks Water%a~rks
and
Sewerage Sewerage Parking Totals
Fund - East Fund - West Lot Fund 1985 1984
Cash k[as Provided By
Operations
Net Income (Loss) aed Other Uses $(171,912) $375,371 $ 43,452 $246,911 $(202,635)
Add Back Nen-Cash Expense
Depreciation 150,925 226,500 141 377,566 369,711
A~)r tization 5 ~289 5,289 5,289
$ (20,987) $601,871 $ 48,882 $629,766 $ 172,365
Decrease in Current Assets 5,551 5,551 4,896
Increase in Current Liabilities 108,611 70 108,681 239,252
Increase in Contributed Capital 152,785 152,785
Intrafund Transfers In 341,545
$ 131,798 $710,482 $ 54~503 $896,783 $ 758,058
Cash ~s Used To
Increase Current Assets $ 201,195 $ 54,279 $255,474 $ 43,935
Purchase Fixed Assets 167,075 9,873 $ 2,820 179,768 11,626
Decrease Current Liabilities
(Payable from Current Assets) 8,540 8,540
Rmtire Bond Principal 50,000 400,000 450,000 725,000
Intrafund Trm~sfers Out 24,000 24,000
$ 450~810 $464~152 $ 2,820 $917,782 $ 780,561
Net Increase (Decrease) $(319,012) $246,330 $ 51,683 $(20,999) $ (22,503)
Cash and Inveshnents
January 1 (460,122) 478,063 281 ~091 299,032 321,535
Dec~ber 31 $(779,134) $724,393 $332~774 $278,033 $ 299~032
See accompanying Netes to the Financial Stata~mts.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL FOR THE YEAR ENDED DECEMBER 31, 1985
Increases
Fixed Asset Contributions $152,785
Decreases -
Net Increase $152,785
Account Balance
January 1, 1985 -
December 31, 1985 $152,785
See accompanying Notes to the Financial Statements.
7O
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
STATEMENT OF CHANGES IN RETAINED EARNINGS -
RESERVED - RESTRICTED ACCOUNTS
FOR THE YEAR ENDED DECEMBER 31, 1985
Increases
Interest Income $ 13,653
Intrafund Transfers In -
Operations and
Maintenance Account 24,000
Interfund Transfers In -
Waterworks and Sewerage
Fund West 75,000
Miscellaneous 1~000
$ 113,653
Decreases
Extraordinary Repairs and
Replacements 258,641
Net (Decrease) $(144,988)
Account Balance
January 1, 1985 405,573
December 31, 1985 $ 260,585
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF REVENUES, EXPENSES AND CHANGES IH
RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMEER 31~ 1985
1985 1984
Budget Actual Actual
Operating Revenues
Charges for Services
Water and Sewer Charges $2,318,460 $1,540,688 $1,194,156
Water Meter Repair Charges 500 178 115
Water Connection Charges 10.000 17,592 10,598
Water Meters and Remote Readers 6,000 11,475 3,720
Administrative Support 369,243 369,243 110,350
Brass Fittings 1,500 3,411 2,067
Water for Construction 1,300 3,713 1,585
Agreements/Recapture 27,743 3,806
Miscellaneous 151700 21,013 42,295
Total Operating Revenues $2;722,703 $1~995~056 $1~3681690
Operating Expenses Excluding Depreciation
Water Administration $ 159,745 $ 150,740 $ 172,353
Supply amd Metering 892,176 854,177 781,701
Pumping Station 99,083 94,569 84,700
Distribution System 160,010 145,737 142,343
Sewer Operations and Maintenance 99,350 116,582 94,362
Overhead 2601421 2241327 2391001
Total Operating Expenses Excluding Depreciation $1,670,785 $11586t132 $1~514,460
Operating Income (Loss) before Depreciation $1,051,918 $ 408,924 $ (145,770)
Depreciation 150,925 144,198
Operating Income (Loss) $11051,918 $ 257~999 $ (289,968)
Nonoperating Income (Expenses)
Interest Income $ 16,700 $ 5,696 $ 17,339
Interest Expense (3~650) (2,450) (31,854)
$ 13,050 $ 3,246 $ (14~515)
Net Income (Loss) before Other Financing Uses
and Extraordinary Items $1~0641968 $ 261~245 $ (3041483)
Other Financing Uses
Operating Transfers (Out)
Illinois Municipal Retirement Fund $ (43,000) $ (43,000) $ (41,115)
Debt Service Fund (5,357) (5,357) (4,570)
Public Works Garage Fund (91,800) (91,800) (91,800)
~pital P~ojects Fund (570,000) (2937000) (60 000)
Net Income (Loss) and Other Uses
before Extraordinary Items $ 3541811 $ (171,912) $ (501,968)
Extraordinary Items
Gain on Defeasance of Debt 51;563
Net Income (Loss) and Other Uses
and Extraordinary Items $ (171,912) $ (450,405)
Other Changes in Retained Earnings - Unreserved
Intrafund Transfers In (Out) - Retained Earnings -
Reserved - Restricted Accounts (24~00H) 3411545
Net (Decrease) in Retained Earnings - Unreserved $ (195,912) $ {108,860)
Retaine~ Earnings - Unreserved
January i 3~O07t56g 31116,428
December 31 $218111656 $3~007,568
See accompanying Notes to the Financial Statement~.
72
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Water Administration
$ 3,600 $ 1,236
Contractual
Professional
Services
Printing, Binding and Publication 50 21
Postage 7,000 3,807
Administrative Charges - General Fund 145,595 145,595
Other Operational Expenses 3,500 81
Total Water Administration $159,745 $150,740
Supply and Metering
Regular Salaries $ $
23,330
35,760
Overtime Salaries 2,806 1,035
Temporary Salaries 200 1,158
Contractual Professional Services 18,800 16,582
Water 833,040 774,973
Maintenance of Buildings 2,000 807
Operational Materials and Supplies 12,000 23,862
Total Supply and Metering $892,176 $854,177
Pumping Station
Regular Salaries $ 13,078 $ 15,974
Overtime Salaries 4,365 10,897
Temporary Salaries 200 534
Contractual Professional Services 7,490 2,922
Power and Light 53,000 45,445
Heating 5,500 3,082
Telephone 2,400 2,422
Maintenance of Building 7,250 10,072
Cleaning and Household Supplies 50 50
Maintenance Materials - Equipment 3,900 2,169
Maintenance Materials - Building 800 309
Operating Materials and Supplies 1,050 693
Machinery and Equipment 2,400 1,873
$101,483 $ 96,442
Less Nonoperating Expenses
Equipment 2,400 1,873
Machinery
and
Total Pumping Station $ 99,083 $ 94,569
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Distribution System
Regular Salaries $ 86,834 $ 80,564
Overtime Salaries 20,786 17,i22
Temporary Salaries 6,590 6,136
Contractual Professional Services 3,300 2,48i
Maintenance of Equipment 500 294
Maintenance of Buildings 12,000 10,142
Maintenance
Materials
- Buildings 26,500 26,305
Operating Materials and Supplies 3,500 2,693
Machinery and Equipment 8,000 8,000
$168,010 $153,737
Less Nonoperating Expenses
Machinery and Equipment 8,000 8,000
Total Distribution System $160,010 $145,737
Sewer Operations and Maintenance~
Regular Salaries $ 57,541 $ 67,765
Overtime Salaries 1,559 3,138
Temporary Salaries 3,000 2,294
Contractual Professional Services 5,000 7,216
Power and Light 3,500 1,288
Maintenance of Equipment 3,000 2,987
Rentals 60 60
Maintenance Materials and Equipment 800 2,143
Operating Materials and Supplies 6,530 8,020
Equipment Replacement 8,060 8,060
Equipment Repairs 10,300 13,611
Total Sewer Operations and Maintenance $ 99,350 $116,582
74
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Overhead
Regular Salaries $121,929 $ 94,802
Overtime Salaries 208 117
Temporary Salaries 1,000 1,542
Longevity Pay 2,450 2,450
Dues, Subscriptions and Memberships 470 468
Maintenance of Equipment 75 467
Rentals 3,700 2,216
Travel Expense 200 101
Training 1,000 1,620
Uniform Allowance 3,500 3,318
Office Supplies 650 535
Books, Pamphlets and Materials 150 218
Small Tools and Equipment 3,800 3,829
Equipment Replacement 49,289 49,289
Equipment Repairs 72,000 62,812
Machinery and Equipment 3,000 2,727
$263,421 $226,511
Less Nonoperating Expenses
Machinery and Equipment 3,000 2,184
Total Overhead $260,421 $224,327
76
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 1985
31,
1985 1984
Budget Actual Actual
Operating Revenues
Charges for Services
Water and Sewer Charges $1,964,204 $2,089,237 $1,977,478
Water Connection Charges 30,000 78,690 56,159
Water Meters and Remote Readers 9,000 13,870 13,392
Brass Fittings 2,000 667 2,073
Water for Construction 3,000 2,992 2,802
Turn on Charges 2,500 2,250 2,096
Miscellaneous 2,000 20,217 2,573
Total Operating Revenues $2,012~704 $2,207,923 $2,056,573
Operating Expenses
Water Administration $ 396,316 $ 314,517 $ 372,940
Special Projects 43,709
Supply and Metering 582,114 536,093 428,326
Pumping Station 137,262 107,907 114,258
Distribution System 104,351 73,846 68~925
Total Operating Expenses $1~220~043 $1,032,363 $1~028,158
Operating Income before Depreciation $ 792,661 $1,175,560 $1,028,415
Depreciation - 226,500 225~513
Operating Income $ 792,661 $ 949,060 $ 802,902
Nonoperating Income (Expenses)
Interest Income $ 2,500 $ 1,579
Interest Expense (516,188) (504~068) $ (529~578)
$ (513,688) $ (502,489) $ (529,578)
Net Income before Other
Financing Uses $ 278,973 $ 446,571 $ 273~324
Other Financing Uses
Operating Transfers (Out)
Illinois Municipal Retirement Fund $ (13,000) $ (13,000) $ (12,785)
Public Works Garage Fund (58,200) (58,200) (58,200)
Capital Projects Fund (102,000)
~ (173,200) $ (71~200) $ (70,985)
Net Income and Other Uses $ 105,773 $ 375,371 $ 202,339
Retained Earnings
January 1 1~324,529 1~122,190
December 31 $1,699,900 $1,324,529
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - WEST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Waterworks Administration
Contractual Professional Services $ 3,000 $ 1,211
Postage 7,050 3,790
Computer Supplies 3,500
Administrative Charges
General Fund 180,173 115,173
Waterworks and Sewerage Fund - East 194,243 194,243
Other Operating Expenses 8,350 100
Total Waterworks Administration $396,316 $314~517
Supply and Metering
Regular Salaries $ 14,646 $ 25,973
Overtime Salaries 728 468
Temporary Salaries 200 1,676
Contractual Professional Services 11,900 15,037
Water 540,640 468,112
Maintenance of Buildings 2,000 255
Oper'ating Materials and Supplies 12,000 24,572
Total Supply and Metering $582,114 $536,093
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - WEST
OF EXPENSES - BUDGET AND ACTUAL
STATEMENT
OPERATING
(CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Pumping Station
Regular Salaries $ 20,924 $ 12,421
Overtime Salaries 4,573 4,896
Temporary Salaries 200 1,569
Contractual Professional Services 8,340 3,911
Power and Light 89,000 76,547
Heating 2,000 1,623
Telephone 1,875 2,293
Maintenance of Buildings 6,000 2,096
Cleaning and Household Supplies 50 21
Maintenance Materials - Equipment 2,800 631
Maintenance Materials - Buildings 750 154
Operating Materials and Supplies 750 309
Machinery and Equipment 10,100 3~309
$147,362 $109,780
Less Nonoperating Expenses
Fixed Assets Capitalized 10,100 1~873
Total Pumping Station $137,262 $107,907
Distribution System
Regular Salaries $ 44,173 $ 25,547
Overtime Salaries 15,278 6,493
Temporary Salaries 4,300 1,529
Contractual Professional Service 3,300 3,621
Maintenance of Equipment 500 312
Maintenance of Buildings 12,000 6,283
Maintenance Materials - Building 21,300 26,920
Operating Materials and Supplies 3,500 3,141
Machinery and Equipment 8,000 8,000
$112,351 $ 81,846
Less Nonoperating Expenses
Fixed Assets Capitalized 8,000 8,000
Total Distribution System $104~351 $ 73~846
8O
VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1985
1985 1984
Budget Actual Actual
Revenues
Meter Fees $11,000 $ 10,334 $ 10,066
Parking Decals 47~000 60,926 51,426
Total Revenues $58,000 $ 71,260 $ 61,492
Operating Expenses
Contractual and Professional Services $42,000 $ 43,191 $ 33,247
Maintenance Materials
Operational Materials 1,300 1,311 2,026
Depreciation and Amortization 5,430 5,289
Machinery and Equipment 52,000 3,470
$95,300 $ 53,402 $ 40,562
Less Nonoperating Expenses
Capitalization of Fixed Assets 52,000 2~820
Total Operating Expenses $43,300 $ 50,582 $ 40~562
Operating Income $14,700 $ 20,678 $ 20,930
Nonoperating Income
Interest 19,700 22~774 24,501
Net Income $34,400 $ 43,452 $ 45,431
Retained Earnings
January 1 300,143 254,712
December 31 $343,595 $300,143
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF FIXED ASSETS AND DEPRECIATION
FOR THE YEAR ENDED DECEMBER 31, 1985
Balances Balances
Jan. 1, 1985 Additions Retirements Dec. 31, 1985
ASSETS
Leasehold Improvements $106,514 $106,514
Machinery and Equipment $2,820 2,820
$106,514 $2,820 - $109,334
ACCUMULATED DEPRECIATION/
AMORTIZATION
Leasehold Improvements $ 92,983 $5,289 $ 98,272
Machinery and Equipment 141 141
$ 92,983 $5,430 $ 98,413
Net Asset Value $ 10,921
See accompanying Notes to the Financial Statements.
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Fund Description
Municipal Equipment Repair Fund
The Municipal Equipment Repair Fund is used to account for the costs of repairing
and maintaining all vehicles of the Village. These costs include labor, material,
fuel, and fixed overhead of the Village's repair facility.
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VILLAGE OF GLENVIEW, ILLINOIS
INTERNAL SERVICE FUND
MUNICIPAL EQUIPMENT REPAIR FUND
BALANCE SHEET
DE'CEMBER 31, 1985
1985 1984
ASSETS
Current Assets
Cash and Investments $93,305 $114,534
Accounts Receivable 3~549 397
Total Assets $96,854 $114,931
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable $12,408 $ 9,449
Due to Other Funds 86,951
Total Liabilities $12,408 $ 96,400
Fund Equity
Retained Earnings 84,446 18,531
Total Liabilities and Fund Equity $96~854 .$114,931
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1985
1985
Budget Actual 1984
Operating Revenues
Charges for Services $433,000 $432,740 $396,477
Miscellaneous 8,925 3,792
Total Operating Revenues $433,000 $441,665 $400,269
Operating Expenses 437,884 378,242 365,197
Operating Income (Loss) $ (4,884) $ 63,423 $ 35,072
Nonoperating Revenues
Interest Income 1,700 2,492 2,020
Net Income (Loss) $ (3,184) $ 65,915 $ 37,092
Retained Earnings
January 1 18,531 (18,561)
December 31 $ 84,446 $ 18~531
See accompanying Notes to the Financial Statements.
84
VILLAGE OF GLENVIEW, ILLINOIS
INTERNAL SERVICE FUND
MUNICIPAL EQUIPMENT REPAIR FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1985
1985 1984
Cash Was Provided By
Operations
Net Income $ 65,915 $ 37,092
Decrease in Current Assets 34,203
Increase in Current Liabilities 6~378
$ 65~915 $ 77,673
Cash Was Used To
Increase Current Assets $ 3,152
Decrease Current Liabilities 83,992
$ 87,144 -
Net Increase (Decrease) $(21,229) $ 77,673
Cash and Investments
January 1 114,534 36,861
December 31 $ 93,305 $114,534
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1985
Budget Actual
Regular Salaries $117,174 $ 99,356
Overtime Salaries 2,910 6,820
Temporary Salaries 13,000 3,928
Contractual Professional Services 5,000 4,038
Maintenance of Equipment 27,000 23,879
Maintenance of Buildings 2,000 1,042
Uniform Allowance 3,000 1,937
Fuel 160,000 123,823
Motor Vehicle Supplies 25,500 24,727
Cleaning and Household Supplies 900 2,454
Maintenance Materials - Equipment 65,000 74,727
Maintenance Materials - Buildings 4,500 2,267
Small Tools and Equipment 2,500 1,983
Equipment Replacement 4,500 4,500
Other Maintenance 4,900 2,761
Total Expenditures $437,884 $378,242
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TRUST AND AGENCY FUNDS
Fund Descriptions
Expendable Trust
Escrow Deposit Fund
The Escrow Fund is used to account for the funds placed on deposit with the Village
by building contractors working within the Village limits. Interest earned on
escrow deposits is annually transferred to the Corporate Fund.
Deposit Fund
The Deposit Fund is used to account for money on deposit with the Village being
held on a temporary basis such as security deposits for use of Village equipment.
Pension Trust
Police Pension Fund
The Police Pension Fund is used to account for the resources necessary to provide
disability and retirement benefits to personnel of the Glenview Police Department.
Firemen's Pension Fund
The Firemen's Pension Fund is used to account for the resources necessary to
provide disability and retirement benefits to personnel of the Glenview Fire
Department.
VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
EXPENDABLE TRUST FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1985
Escrow Totals
Deposit Deposit 1985 1984
Revenues
Miscellaneous
Interest Income $ 96,890 $1,237 $ 98,127 $107,539
Expenditures
Contractual Services 479 479 3,432
Excess of Revenues over Expenditures
before Other Financing (Uses) $ 96,890 $ 758 $ 97,648 $104,107
Other Financing (Uses)
Operating Transfer (Out)
Corporate Fund (96,980) (96,890) (104,089)
Excess of Revenues over Expenditures
and Other Uses - $ 758 $ 758 $ 18
Fund Balances
January 1 - 1,286 1,286 1~268
December 31 - $2,044 $ 2,044 $ 1,286
See accompanying Notes to the Financial Statements.
88
VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
PENSION TRUST FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1985
Police Firemen's Totals
Pension Pension 1985 1984
Revenues
Taxes
Property Taxes $ 548,065 $ 299,003 $ 847,068 $ 754,434
Replacement Taxes 11,895 6,141 18,036 28,845
Employee Contributions 149,009 95,739 244,748 231,271
Miscellaneous
Interest Income 465,639 418,232 883,871 753,986
Other 17,376 33,461 50,837 48~483
Total Revenues $1,191,984 $ 852,576 $ 2~044,560 $1,817,019
Expenses
Pensions and Refunds $ 257,364 $ 65,564 $ 322,928 $ 327,184
Other 1,083 2,236 3,319 1,430
Total Expenses $ 258,447 $ 67,800 $ 326,247 $ 328,614
Net Income $ 933,537 $ 784,776 $ 1,718,313 $1,488,405
Fund Balances
January 1 4,789,893 3~922,102 8,711,995 7.,223,590
December 31 $5~723,430 $4,706~878 $10~430,308 $8,711~995
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
PENSION TRUST FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1985
Police Firemen's Totals
Pension Pension 1985 1984
Cash Was Provided By
Operations
Net Income $ 933,537 $ 784,776 $1,718,313 $1,488,405
Prior Period Adjustments 653,653
$ 933,537 $ 784,776 $1~718,313 $2,142,058
Cash Was Used To
Increase Current Assets $ 75,280 $ 12,318 $ 87,598 $ 130,335
Decrease Current Liabilities 649,641
$ 75~280 $ 12,318 $ 87,598 $ 779,976
Net Increase $ 858,257 $ 772,458 $1,630,715 $1,362,082
Cash and Investments
January 1 4~199,295 3,514,693 7,713~988 6~351,906
December 31 $5,057,552 $4,287~151 $9,344~703 $7~713~988
See accompanying Notes to the Financial Statements.
9o
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, 1985
Budget Actual
Revenues
Property Taxes - Current $ 477,069 $ 514,243
Property Taxes - Prior 33,822
Replacement Taxes 19,346 11,895
Employees' Contributions 142,350 149,009
Interest Income 400,000 465,639
Other 17,246 17,376
Total Revenues $1,056,011 $1,191,984
Expenses
Pensions and Refunds $ 259,303 $ 257,364
Other Operating Expenses 800 1,083
Total Expenses $ 260,103 $ 258,447
Net Income $ 795~908 $ 933,537
Fund Balance
January 1, 1985 4,789,893
December 31, 1985 $5,723,430
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, 1985
Budget Actual
Revenues
Property Taxes - Current $284,729 $ 296,650
Property Taxes - Prior 2,353
Replacement Taxes 11,889 6,141
Employees' Contributions 92,230 95,739
Interest Income 358,000 418,232
Foreign Fire Insurance Tax 21,000 20,344
Other 12,117 13~117
Total Revenues $779,965 $ 852,576
Expenses
Pensions $ 55,481 $ 65,564
Other Operating Expenses 800 2,236
Total Expenses $ 56,281 $ 67,800
Net Income $723,684 $ 784,776
Fund Balance
January 1, 1985 . 3,922,102
December 31, 1985 $4~706~878
See accompanying Notes to the Financial Statements.
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iGENERAL FIXED ASSETS ACCOUNT GROUP
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31, 1985
1985 1984
GENERAL FIXED ASSETS
Land $ 1,981,758 $ 1,981,758
Buildings and Improvements 8,273,019 8,267,869
Construction in Progress 2,919,844
Equipment 4,172,249 3,311,487
Furniture 517,276 517,276
Office Equipment 292,595 229,817
$18,156,741 $14,308,207
INVESTMENT IN GENERAL
FIXED ASSETS
General Revenues $12,702,849 $11,958,207
Bond Issues 5,453,892 2,350,000
$18,156,741 $14,308,207
See accompanying Notes to the Financial Statements.
94
VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
DECEMBER 31, 1985
January 1, December 31,
1985 Additions Deletions 1985
Function and Activity
General Government
Executive $ 64,166 $ 64,166
Administrative 1,484,771 1,484,771
Finance 657,213 657,213
Building and Grounds 128,336 128,336
Total General Government ,$, 2,334,486 - - $ 2,334,486
Public Safety
Police $ 2,445,406 $ 181,404 $ 80,774 $ 2,546,036
Fire 1,570,831 346,754 1,917,585
Total Public Safety $ 4,016,237 $ 528,158 $ 80,774 $ 4,463,621
Public Works
Administration $ 1,834,063 $ 167,240 $ 2,001,303
Building Division 840,542 840,542
Engineering 321,444 3,499 324,943
Street Division 2,630,298 i83,430 $ 59,910 2,753,818
Equipment and Supplies
Division 782,022 3,000 785,022
Total Public Works $ 6,408,369 $ 357,169 $ 59,910 $ 6,705,628
Culture and Recreation
Administration $ 1,549,115 $3,103,891 - $, 4,653,006
Total Fixed Assets $14,308,207 $3,989,218 $140,684 $,18,156,741
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I GENERAL LONG TERM DEBT ACCOUNT GROUP
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL LONG-TERMDEBT ACCOUNT GROUP
STATEMENT OF GENERAL LONG-TERM DEBT
DECEMBER 31, 1985
(See Following Page)
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SUPPLEMENTARY DATA
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VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
31, 1985
DECEMBER
Interest Maturity
Fund Rate Date
General
Corporate
First Trust and Savings
Bank of Glenview 7.100 1/27/86 $400,000
Cragin Federal Savings
and Loan 8.000 1/31/86 i00,000 $ 500,000
Special Revenue
Library
Glenview State Bank 6.700 1/31/86 $300,000
Illinois Municipal
Retirement 6.700 1/23/86 475~000
Motor Fuel Tax
Cragin Federal Savings
and Loan 8.250 3/27/86 $100,000
First National Bank
of Chicago 7.800 3/03/86 304,004
Western Savings of
Glenview 8.900 4/06/86 100,000 504,004 1,279,004
Capital Projects
Public Works Garage
Cragin Federal Savings
and Loan 6.700 1/31/86 $275,000
7.875 1/27/86 130,271
Glenview State Bank 7.350 2/28/86 275,000 $680,271
Capital Equipment
Replacement
Glenview State Bank 6.700 ~/18/86 $225,000
7.OOO
3/09/86
2OO,OOO
Cragin Federal Savings
and Loan 7.950 2/28/86 250,000 675,000
Capital Projects
Glenview State Bank 6.850 1/16/86 $200,000
6.700 1/31/86 125,000
CitiCorp Savings 7.850 2/09/86 100,000 425,000 1,780,271
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VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1985
Interest Maturity
Fund Rate Date
Enterprise
Commuter Parking Lot
Glenview State Bank 6.700 1/31/86 $ 325,000
Trust and Agency
Escrow Deposit
First National Bank
of Chicago 9.300 1/02/86 $200,000
8.500 2/25/86 230,082
First Trust and Savings
Bank of Glenview 7.200 2/03/86 200,000
Glenview State Bank 7.350 2/24/86 200,000
Cragin Federal Savings
and Loan 8.i25 6/23/86 104,088 $ 934,170
Police Pemsion
Glenview State Bank 6.700 1/31/86 $400,000
U.S. Treasury Notes
and Bonds 7.875 5/15/86 284,109
6.125 11/15/86 92,265
10.500 6/30/87 489,219
15.375 10/15/88 169,781
15.375 10/15/88 259,531
11.875 10/15/89 255,000
10.500 1/15/90 698,031
8.250 5/15/90 136,176
6.750 2/15/93 90,515
8.500 5/15/99 53,465
8.375 8/15/00 243,242
11.625 11/15/02 298,500
12.000 8/15/13 397,845
Govermment National
Mortgage Association 7.250 2/15/02 195,915 8.250 8/15/06 446,766
8.000 10/15/06 448,444 4,958,804
Firemen's Pension
Cragin Federal Savings
and Loan 7.875 1/13/86 $102,313
8.125 6/09/86 129,040
Glenview State Bank 6.700 1/31/86 180,000
VILLAGE OF GLENVIEW~ ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1985
Interest Maturity
Fund Rate Date
Trust and Agency (Cont.)
Firemen's Pemsion (Cont.)
U.S. Treasury Bonds
and Notes 7.875 5/15/86 $154,716
14.000 7/15/88 566 563
11.875 10/15/89 255 000
10.750 11/15/89 605 250
11.875 8/15/93 606 000
8.500 5/15/99 134 393
8.375 8/15/00 145 945
11.625 11/15/02 597 000
12.000 8/15/13 266 520
12.000 8/15/13 31,094
Government National
Mortgage Association 7.500 3/15/07 450,982 $4,224,816 $10,117,790
$14,002,065
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
WAUKEGAN ROAD SANITARY DISTRICT
GENERAL OBLIGATION SANITARY SEWER BOND SERIES OF 1968
DECEMBER 31, 1985
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 AND INTEREST REQUIREMENTS
Year
Ended Tax Levy Coupons Due on
Dec. 31 Principal Interest Total June 1 Amount Dec. I Amount
1986 $ 5,000 $119 $ 5,119 1985 $ 60 1986 $ 59
This issue was assumed by the Village during 1980.
102
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
POLICE ADMINISTRATION BUILDING BOND SERIES OF 1977
DECEMBER 31, 1985
Date of Issue December 1, 1972
Date of Maturity January I, 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
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Numbers Principal Interest Total July 1 Amount Jan. 1 Amount
1986 1985 191-215 $125,000 $ 21,525 $146,525 1986 $10,762 1987 $10,763
1987 1986 216-240 125,000 15,587 140,587 1987 7,793 1988 7,794
1988 1987 241-260 100,000 9,650 109,650 1988 4,825 1989 4,825
1989 1988 261-280 100,000 4,900 104,900 1989 2,450 1990 2,450
$450,000 $ 51,662 $501,662 $25,830 $25,832
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERMDEBT REQUIREMENTS
MUNICIPAL BUILDING BOND SERIES OF 1979
DECEMBER 31, 1985
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 I - 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
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Numbers Principal Interest Total July 1 Amount Jan. 1 Amount
1986 1985 71-90 $100,000 $ 32,550 $132,550 1986 $16,275 1987 $16,275
1987 1986 91-110 100,000 27,150 127,150 1987 13,575 1988 13,575
1988 1987 111-130 100,000 21,750 121,750 1988 10,875 1989 10,875
1989 1988 131-160 150,000 16,350 166,350 1989 8,175 1990 8,175
1990 1989 161-190 150~000 8,250 158~250 1990 4~125 1991 4~125
$600~000 $106,050 $706~050 $53,025 $53~025
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VIllAGE OF GLENVIEW, ILLINOIS
GENERAL OBLIGATION LIBRARY BO~ SER~S OF 1984
DECE~t~ 31, 1985
Date of Issue July 1, 1984
Date of Maturity December 1, 1997
~thorized Issue $3,100,000
Danm~ination of Bonds $5,000
Interest Rates 1986-1988 - 9.90% 1993 - 9.25%
1989 - 8.50% 1994 - 9.50%
1990 - 8.60% 1995 - 9.75%
1991 - 8.90% 1996 - 9.90
1992 - 9.10% 1997 - 10.00%
Interest Dates Jm~e 1 and December 1
Principal Maturity Date Dec~nber 1
Payable at Citibank
OJRREN'r A~) FUTURE PRINCIPAL A~ IN'rEREST
Tax
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Numbers Principal Interest Total June 1 inom~t Dec. 1 inount
1985 1984
1986 1985 1-40 $ 200.000 $ 291,500 $ 491,500 1986 $145,750 1986 $145,750
1987 1986 41-80 200 000 271,700 471,700 1987 135,850 1987 135,850
1988 1987 81-125 225 000 251,900 476,900 1988 125,950 1988 125,950
1989 1988 126-180 275 000 229,625 5C4,625 1989 114,812 1989 114,813
1990 1989 181-235 275 000 206,250 481,250 1990 103,125 1990 103,125
1991 1990 236-290 275 000 182,600 457,600 1991 91,300 1991 91,300
1992 1991 291-345 275 000 158,125 433,125 1992 79,062 1992 79,063
1993 1992 346-400 275 000 133,100 408,100 1993 66,550 1993 66,550
1994 1993 401-455 275 000 107,662 382,662 1994 53,831 1994 53,831
1995 1994 456-510 275 000 81,538 356,538 1995 40,769 1995 40,709
1996 1995 511-565 275 000 54,725 329,725 1996 27,362 1996 27,363
1997 1996 566-620 275 000 27,500 302,500 1997 13,750 1997 13,750
$3,100,000 $1,996,225 $5,096,225 $998,111 $998 ~054
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
GENERAL OBLIGATION LIBRARY BOND SERIES OF 1985
DECEMBER 31, 1985
Date of Issue December 23, 1985
Date of Maturity December 23, 1988
Authorized Issue $150,000
Actual Issue $150,000
Denomination of Bonds $ 50,000
Interest Rate 6.125%
Interest Dates June 23 and December 23
Principal Maturity Date December 23
Payable at Village of Glenview, Illinois
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Number Principal Interest Total June 23 Amount Dec. 23 Amount
1986 1985 1 $ 50,000 $ 9,188 $ 59,188 1986 $4,594 1986 $4,594
1987 1986 2 50,000 6,125 56,125 1987 3,062 3,063
1988 1987 3 50~000 3,062 53,062 1988 1,531 1,531
$150~000 $18,375 $168,375 $9,187 $9,188
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #1 BOND SERIES OF 1980
DECEMBER 31, 1985
Date of Issue July 31, 1980
Date of Maturity July 31, 1990
Authorized Issue $70,000
Denomination of Bonds $7,000
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
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Number Principal Interest Total July 31 Amount Jan. 31 Amount
1986 1984 $1,050 $ 1,050 1986 $1,050
1986 1985 6 $ 7,000 1,890 8,890 1986 $1,050 1987 840
1987 1986 7 7,000 1,470 8,470 1987 840 1988 630
1988 1987 8 7,000 1,050 8,050 1988 630 1989 420
1989 1988 9 7,000 630 7,630 1989 420 1990 210
1990 1989 10 7,000 210 7,210 1990 210
$35,000 $6,300 $41,300 $3,150 $3,150
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #2 BOND SERIES OF 1981
DECEMBER 31, 1985
Date of Issue February 20, 1981
Date of Maturity February 20, 1996
Authorized Issue $38,000
Interest Rate 8.5%
Principal and Interest Dates February 20 and August 20
Payable at Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Principal Interest Total
1986 1985 $ 1,930 $ 2,599 $ 4,529
1987 1986 2,098 2,432 4,530
1988 1987 2,280 2,250 4,530
1989 1988 2,478 2,052 4,530
1990 1989 2,692 1,837 4,529
1991 1990 2,926 1,603 4,529
1992 1991 3,180 1,349 4,529
1993 1992 3,457 1,072 4,529
1994 1993 3,757 773 4,530
1995 1994 4,083 446 4,529
1996 1995 2~172 93 2,265
$31~053 $16,506 $47,559
108
VILLAGE OF GLENVIEW~ ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #3 BOND SERIES OF 1982
DECEMBER 31, 1985
Date of Issue February 20, 1981
Date of Maturity February 20, 1996
Authorized Issue $25,000
Interest Rate 8.5%
Principal and Interest Dates February 20 and August 20 ~
Payable at Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Principal Interest Total
1986 1985 $ 1,270 $ 1,710 $ 2,980
1987 1986 1,380 1,600 2,980
1988 1987 1,500 1,480 2,980
1989 1988 1,630 1,350 2,980
1990 1989 1,772 1,208 2,980
1991 1990 1,925 1,055 2,980
1992 1991 2,093 886 2,979
1993 1992 2,274 706 2,980
1994 1993 2,472 508 2,980
1995 1994 2,686 294 2,980
1996 1995 1,429 61 1,490
$20,431 $10~858 $31,289
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #4 BOND SERIES OF 1982
DECEMBER 31, 1985
Date of Issue November 15, 1982
Date of Maturity November 15, 1993
Authorized Issue $90,000
Interest Rate 9%
Principal and Interest Dates May 15 and November 15
Payable at Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Principal Interest Total
1986 1985 $ 6,996 $ 6,841 $ 13,837
1987 1986 7,640 6,198 13,838
1988 1987 8,343 5,495 13,838
1989 1988 9,111 4,727 13,838
1990 1989 9,949 3,888 13,837
1991 1990 10,865 2,973 13,838
1992 1991 11,865 1,973 13,838
1993 1992 12,957 881 13,838
$77,726 $32,976 $110,702
110
VILLAGE OF GLENVIEW~ ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #5 BOND SERIES OF 1985
DECEMBER 31~ 1985
Issue April 15, 1985
Maturity April 15, 2001
Issue $48,000
Rate 9.3%
and Interest Dates April 15 and October 15
Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Principal Interest Total
1986 1985 $ 767 $ 4,464 $ 5,231'
1987 1986 1,643 4,356 5,999
1988 1987 1,799 4,199 5998
1989 1988 1,970 4,028 5,998
1990 1989 2,158 3,840 5,998
2,363 3,635 5,998
1991
1990
1992 1991 2,588 3,410 5,998
1993 1992 2,834 3,164 5,998
1994 1993 3,104 2,894 5,998
1995 1994 3,399 2,599 5,998
i996 1995 3,723 2,275 5,998
1997 1996 4,077 1,921 5,998
1998 1997 4,465 1,533 5,998
1999 1998 4,890 1,108 5,998
2000 1999 5,355 643 5,998
2001 2000 2,865 133 2,998
$48,000 $44,202 $92,202
provided by sources other than a tax levy.
Statistical Section
VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1985
(See Following Page)
I
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116
VILLAGE OF GLENVIEW, ILLINOIS
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
DECEMBER 31, 1985
Ratio of Total
Assessed Value to
Tax Levy Assessed Estimated Actual Total Estimated
Year Value Value Actual Value
1976 $182,975,478 $ 548,926,434 .333
1977 182,563,625 547,690,875 .333
1978 193,300,215 579,900,645 .333
1979 194,119,692 582,359,076 .333
1980 277,722,776 833,168,328 .333
1981 315,554,627 946,663,881 .333
1982 346,375,770 1,039,127,310 .333
1983 341,528,355 1,025,610,675 .333
1984 403,312,241 1,210,086,171 .333
1985 (1) 425,000,000 1,276,000,000 .333
Data Source
office of the County Clerk
(1) Estimated by the Village of Glenview Finance Department
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118
VILLAGE OF GLENVIEW, ILLINOIS
SPECIAL ASSESS~NT COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1985
Current Total
Fiscal Assessments Outstanding
Year Collected Assessments
1977 $16,045 $44,438
1978 12,452 31,986
1979 12,492 19,494
1979 3,649 15,845
1980 2,924 12,921
1981 3,649 9,272
1982 9,272 -
1983 - -
1984 -
1985 - -
121
VILLAGE OF GLENVIEW, ILLINOIS
STATEMENT OF LEGAL DEBT MARGIN DECEMBER 31, 1985
There is no legal debt limit for home rule municipalities in Illinois.
Article VII, Section 6(k) of the 1970 Illinois Constitution governs computation of
of the Legal Debt Margin.
"The General Assembly may limit by law the amount and require refer-
endum approval of debt to be incurred by home rule municipalities,
payable from ad valorem property tax receipts, only in excess of the
following percentages of the assessed value of its taxable property...
(2) if its population is more than 25,000 and less than 500,000 an
aggregate of one per cent; ... indebtedness which is outstanding on
the effective date (July 1, 1971) of this constitution or which is
thereafter approved by referendum...shall not be included in the
foregoing percentage amounts."
To date the General Assembly has set no limits for home rule municipalities.
123
VILLAGE OF GLENVIEW, ILLINOIS
STATEMENT OF REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
DECEMBER 31~ 1985
WATERWORKS AND SEWERAGE FUND - EAST
(i)
Direct Net Kevenue (2)
Fiscal Operating Operating Available for Debt Service Re~ulrements
Year Revenues Expenses Debt Service Frincipal Interest Total Coverage
1977 $1~143,916 $ 958,618 $ 185,298 $ 70,000 $46,478 $116,478 1.59
1,152,232 1,127,360 24,872 45,000 39,765 84,765 .29
1978
1979 1,156,814 1,043,266 113,548 90,000 34,370 124,370 .85
1979 776,744 798,449 (21,705) 40,000 58,722 98,722 -
1980 1,603,601 1,357,730 245,871 90,000 30,093 120,093 2.04
1981 1,123,909 1,023,462 100,447 95,000 26,590 121,590 .83
1982 1,272,393 1,523,555 (251,162) 105,000 22,735 127,735
1983 1,459,941 1,418,467 41,474 105,000 18,565 123,565 .33
1984 1,710,235 1,514,460 195,775 350,000 31,854 381,854 .52
1985 1,995,056 1,586,132 408,924 50,000 2,450 52,450 7.80
WATERWORKS AND SEWERAGE FUND - WEST
(1)
Direct Net Revenue (3) (2)
Fiscal Operating Operating Available for Debt Service Requirements
Year Revenues Expenses Debt Service Principal Interest Total Coverage
1977 -
1979 $1,273,405 $ 498,598 $ 774,807 $150,000 $234,875 $384,875 2.01
1979 961,991 597,372 364,619 150,000 225,875 375,875 .97
1980 1,790,601 927,772 862,829 250,000 614,812 864,812 1.00
1981 1,795,742 947,367 848,375 325,000 612,088 937,088 1.01
1982 1,715,495 1,135,978 579,517 350,000 576,180 926,180 .63
1983 1,920,972 1,036,293 884,679 350,000 552,562 902,562 .98
1984 2,056,573 1,028,158 1,028,415 375,000 529,578 904,578 1.14
1985 2,207,923 1,032,363 1,175,560 400,000 504,068 904,068 1.30
(1) Operating revenues minus direct
operating
(2) Net revenue available for debt service divided by total debt requirements.
(3) The Village has booked General Obligation Issues on the Waterworks and Sewerage Fund West Balance
Sheet. These Bomds have been included im the schedule to illustrate coverage.
124 I
VILLAGE OF GLENVIEW, ILLINOIS m
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS I
DECEMBER 31, 1985
(1) I
Education
(1) Level In (2)
Per (i) Years of School (3)
Fiscal (1) Capita Median Formal Enroll- Unemploy- {
Year Population Income A~e Schooling merit ment
1976 30,853 9,758 30.3 15.0 3,723 3.4 I
1977 31,154 10,544 30.3 15.1 3,472 3.6
1978 31,455 11,387 30.7 15.1 3,269 3.6
1979 31,756 12,298 31.5 15.2 3,144 3.3 I
1980 32,060 13,832 33.5 15.3 3,003 2.5
1981 32,200 14,113 33.5 15.3 2,916 5.5
1982 33,131 14,785 33.1 15.1 2,797 4.9
1983 33,131 15,450 33.3 15.3 2,762 5.1 {
1984 34,996 15,856 33.8 15.6 2,751 6.0
1985 35,525 18,632 33.8 15.6 2,666 5.4
m
Data Sources !
(1) U.S. Department of Cormnerce, Bureau of the Census, 1980 date based on the I
actual count; other years estimated by the Glenview Planning Department.
(2) Glenview School District #34 actual count, as of April 1986. I
(3) Illinois Department of Labor, Research Division. Figures for 1975 to 1982
are actual; other years estimated from statewide averages. I
m
m
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127
VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS
DECEMBER 31, 1985
Date of Incorporation June 20, 1899
Form of Government Council-Manager
Geographical Location 20 Miles North of Chicago
Area 10.9 Square Miles
Population
1950 6,142
1960 18,132
1963 22,364
1970 24,880
1975 30,552
1980 32,060
1984 34,996
1985 (1) 35,525
Number of Total Housing Units (1980 Census) 10,997
Number of Total Housing Units (1985 Planning Department Estimate) 11,719
Median Value Owner occupied Noncondominium Housing Units $111,900
Distribution of Owner - Occupied
Noncondominium Housing Units Value by
Unit Value by Range (2) Unit Distribution
Number Percent
Less than $ 10,000 3 .04%
$ 10,000 to $ 14,999 7 .10
$ 15,000 to $ 19,999 4 .06
$ 20,000 to $ 24,999 1 .01
$ 25,000 to $ 29,999 7 .10
$ 30,000 to $ 34,999 9 .12
$ 35,000 to $ 39,999 14 .19
$ 40,000 to $ 49,999 65 .90
$ 50,000 to $ 79,999 1,232 16.96
$ 80,000 to $ 99,999 1,686 23.24
$100,000 to $149,000 2,525 34.80
$150,000 to $199,999 1,149 15.84
$200,000 or more 554 7.64
7,256 100.00%
(1) Estimated by Village of Glenview Planning Department
(2) The above information from the 1980 census.
128
VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS
DECEMBER 31, 1985
Fire Protection
Number of Firemen 39
N~mber of Stat ions 1
Number of Hydrants 1,320
I. S. O. Rating Class 3
Police Protection
Number of Policemen 55
Number of School Crossing Guards 19
Number of Stations 1
Library Services
Number of Libraries 1
Number of Books and Other Materials 137,694
Number of Registered Borrowers 23,294
1985 Book Circulation 285,925
Recreation Facilities
Numbers of Parks and Playgrounds 24
Park Area in Acres - Park District Owned 340
Park Area in Acres - Park District Leased 125
Municipal Parking Facilities
Number of Parking Spaces 666
Waterworks Waterworks
and Sewerage and Sewerage
Fund - East Fund - West
Number of sewer customers served during
fiscal year 6,666 2,618
Total Number of metered water customers
at December 31, 1985 7,247 4,879
Number of unmetered water customers
at December 31, 1985 None None
Gallons of water purchased during
fiscal year 1,236,153,000 738,992,000
Gallons of water billed during
fiscal year 1,034,970,000 754,746,000
Water Storage Capacity
Ground Storage 8,500,000 Gallons
Elevated Storage 1,000,000 Gallons
129
VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL SERVICES AND FACILITIES
DECEMBER 31, 1985
Number of Full Time Employees (on December 31, 1985) 192
Miles of Streets (Maintained by Glenview) 86
Miles of Streets (Maintained by Cook Co. & State of Illinois) 22
Miles of Alleys
2.2
Miles of Sewers (Sanitary Sewer) 85
Miles of Sewers (Storm Sewer) 74
N~aber of Village owned Street Lights 66
Building Activity
Number of Permits Issued in 1985 855
Value of Construction Authorized in 1985 $29,918,233
131
VILLAGE OF GLENVIEW, ILLINOIS
SALARIES AND SURETY BONDS
OF PRINCIPAL OFFICIALS
DECEMBER 31, 1985
Annual Amount of
Salary Surety Bond
Village President $ 1,200 $250 000
Village Trustees 300 250 000
Village Treasurer - 250 000
Village Manager 64,258 250 000
Village Clerk 900 250 000
Finance Director 49,300 250 000
Purchasing Agent 30,216 250 000
Accountant 27,444 250 000
Assistant Village Manager 38,300 250 000
Assistant to the Village Manager 29,316 250 000
Police Chief 48,000 250 000
Deputy Police Chief 42,540 250 000
Police Commander 39,480 250 000
Fire Marshal 44,000 250 000
Administrative Assistant to
the Fire Marshal 40,368 250 000
Fire Captain 40,368 250 000
Director of Development 45,000 250 000
Assistant to Director of Development 32,768 250 000
Engineering Administrator 43,872 250000
Public Works Superintendent 39,972 250 000
Director of Building and Zoning 43,872 250000
Water Distribution Superintendent
39,972
25000O
Head Librarian 46,500 250,000
Public Works Director 40,000 250,000