HomeMy Public PortalAbout1984 Comprehensive Annual Financial ReportCOMPREHENSIVE
ANNUAL
FINANCIAL REPORT
FOR THE
FISCAL YEAR ENDED
DECEMBER 31, 1984
PREPARED BY
DENNIS M. LAUER
FINANCE DIRECTOR
VILLAGE OF GLENVlEW
TABLE OF CONTENTS
PAGE
INTRODUCTORY SECTION
Principal Officials i
Organization Chart ii
Certificate of Conformance in Financial Reporting iii
Village Manager's Letter of Transmittal iv-v
Letter of Transmittal
Director of Finance I-IX
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 - Ail 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 - Ail 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 8-36
FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS
GOVERNMENTAL FUND TYPES
GENERAL FUND
CORPORATE FUND
Financial Statements
Balance Sheet 37
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 38
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES
ENTERPRISE FUNDS
All Funds
Financial Statements
Combining Balance Sheet 67
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings - Unreserved 68
Combining Statement of Changes in Financial Position 69
Waterworks and Sewerage Fund - East
Financial Statements
Balance Sheet 70
Statement of Changes in Retained Earnings - Reserved -
Restricted Accounts 71
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Unreserved - Budget and Actual 72
Supplemental Statements
Statement of Fixed Assets and Depreciation 73
Statement of Operating Expenses - Budget and Actual 74-76
Waterworks and Sewerage Fund - West
Financial Statements
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Unreserved - Budget and Actual 77
Supplemental Statements
Statement of Fixed Assets and Depreciation 78
Statement of Operating Expenses - Budget and Actual 79-80
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
ENTERPRISE FUNDS (CONT.)
Commuter Parking Lot Fund
Financial Statements
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual 81
INTERNAL SERVICE FUNDS
Ail Funds
Financial Statements
Combining Balance Sheet 82
Combining Statement of Revenues, Expenses,
and Changes in Retained Earnings 83
Combining Statement of Changes in Financial Position 84
Emergency Dispatch Center Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Retained Earnings - Budget and Actual 85
Supplemental Statement
Statement of Operating Expenses - Budget and Actual 86
Municipal Equipment Repair Fund
Financial Statements
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual 87
Supplemental Statement
Statement of Operating Expenses - Budget and Actual 88
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.) PAGE
FIDUCIARY FUND TYPES
TRUST AND AGENCY FUNDS
Ail Funds
Financial Statements
Combining Balance Sheet 89
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances (Expendable
Trust Funds) 90
Combining Statement of Revenues, Expenses, and
Changes in Fund Balances (Pension Trust Funds) 91
Combining Statement of Changes in Financial
Position (Pension Trust Funds) 92
Pension Trust Funds
Police Pension Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual 93
Firemen's Pension Fund
Financial Statements
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual 94
ACCOUNT GROUPS
GENERAL FIXED ASSETS ACCOUNT GROUP
Financial Statements
Statement of General Fixed Assets 95
Supplemental Statements
Statement of General Fixed Assets - By Function
and Activity 96
Statement of Changes in General Fixed Assets -
By Function and Activity 97
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Financial Statements
Statement of General Long-Term Debt 98
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
SUPPLEMENTAL DATA
Combined Statement of Cash and Investments 99
Combined Statement of Other Investments 100-102
Statement of Insurance ia Force 103
Long-Term Debt Requirements
Waukegan Road Sanitary District Sewer Bonds of 1968 104
Police Administration Building Bonds of 1972 105
Municipal Building Bond Series of 1979 106
General Obligation Library Bond Series of 1984 107
Special Service Area #1 Bond Series of 1980 108
Special Service Area #2 Bond Series of 1981 109
Special Service Area #3 Bond Series of 1981 110
Special Service Area #4 Bond Series of 1982 111
Corporate Purpose Bond Series of 1976 112
Corporate Purpose Bond Series of 1977 113
Corporate Purpose Bond Series of 1979 114
TABLE OF CONTENTS (CONT.)
PAGE
STATISTICAL SECTION
General Governmental Revenues by Source -
Last Ten Fiscal Years 115
General Governmental Expenditures by
Function - Last Ten Fiscal Years 116
Property Tax Assessed Valuations, Rates, Extensions
and Collections - Last Ten Fiscal Years 117
Assessed and Estimated Actual Value of Taxable
Property - Last Ten Fiscal Years 118
Property Tax Rates - Ail Overlapping Governments -
Last Ten Fiscal Years 119
Special Assessment Collections - Last Ten Fiscal Years 120
Ratio of Net General Bonded Debt to Assessed
Value and Net Bonded Debt Per Capita -
Last Ten Fiscal Years 121
Statement of Direct and Overlapping Debt 122
Statement of Legal Debt Margin 123
Ratio of Annual Debt Service Expenditures for
General Obligation Debt to Total General Governmental
Expenditures - Last Ten Fiscal Years 124
Statement of Revenue Bond Coverage - Last Ten Fiscal Years 125
Demographic Statistics - Last Ten Fiscal Years 126
PropertYLast TenValue'FiscalC°nstructi°nyears and Bank Deposits - 127
Principal Taxpayers 128
Miscellaneous Statistics 129-130
Municipal Services and Facilities 131
Ten Wealthiest Illinois Communities - 1980 Census 132
Salaries and Surety Bonds of Principal Officials 133
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VILLAGE OF GLENVIEW, ILLINOIS
PRINCIPAL OFFICIALS
DECEMBER 31, 1984
LEGISLATIVE
VILLAGE BOARD OF TRUSTEES
Thomas E. Smith, President
Scott J. Helton Delia Brady Stowe
Ronald V. Norene Robert O. Pohl
James W. Smirles James M. Weiss
Katherine G. Appert, Clerk
EXECUTIVE
Paul T. McCarthy, Village Manager
FINANCE DEPARTMENT
Dennis M. Lauer, Director of Finance
Mary L. Reibel, Village Accountant
I Chart of Elected and Appo,nted Officials~ ~
Plan ~mmis~i~n Z~i~ ~a~ of A~eais
~;Jd~ng Cammls~ion D;rmctmr of ~',~ ~e~ense ~ectric~J C~mm;ss~n
oi F~t~
Conformance
in Financial
Reporting
Presented to
Village of
Glenview, Illinois
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
December 31, 1983
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.
Executive Director
LEnVIEW
TELEPHONE 1~5 WAUKEGAN ROAD
724-1700 GLEN~EW, ILLINOIS 60025-3071
March 15, 1985
Honorable President and
Members of the Board of Trustees
Village of Glenview
Gentlemen:
In accordance with state statutes and local regulation, I
here~y transmit the comprehensive annual financial report of
the Village of Glenview as of December 31, 1984 and for the
fiscal year then ended. Responsibility for both the
accuracy of the presented data and the completeness and
fairness of the presentation, including all disclosures,
rest with the Village. Management believes that the data,
as presented, is accurate in all material aspects; that it
is presented in a manner designed to fairly set forth the
financial position and results of operations of the Village
as measured by the financial activity of the various funds.
Disclosures necessary to enable the reader to gain maximum
understanding of the Village's financial affairs have also
been included.
In developing and evaluating the Village's accounting
system, consideration is given to the adequacy of internal
accounting controls. Internal accounting controls are
discussed by the Finance Director in his accompanying letter
of transmittal, and within that framework, I believe that
the Village's internal accounting controls adequately
safeguard assets and provide reasonable assurance of proper
recording of financial transactions.
This report has been prepared following the guidelines
recommended by the Government Finance Officers Association
of the United States and Canada. The Government Finance
Officers Association awards Certificates of Conformance to
those governments whose comprehensive annual financial
reports are judged to conform substantially with high
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
and it will be submitted to the Government Finance Officers
Association for review. The Village of Glenview presently
holds a certificate of conformance for the comprehensive
annual financial report dated December 31, 1983 and held one
for fiscal year 1982.
I In accordance with the above mentioned guidelines, the
accompanying report consists of three parts:
I 1. Introductory section, including the Finance Director's
letter of transmittal
I section, including the financial statements
2.
Financial
and supplemental data of the government accompanied by
our independent auditor's opinion
I 3. Statistical section, including a number of tables of
unaudited data depicting the financial history of the
iVillage for the past ten years, information on
overlapping governments, and demographic and other
miscellaneous information
IState 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
Icomplied with, and our auditor's opinion is included in the
financial section of this report.
iOf concern to the Village of Glenview, as well as all
sectors of the economy, is the impact of inflation on our
budget. Presently our revenues are strong in all areas
except the Waterworks and Sewerage Fund-East. However, our
irevenue projections must be monitored constantly to provide
the Board advance notice in the event the revenue patterns
change. The Finance Director is entrusted with the
Iresponsibility of evaluating and reporting on the financial
condition of the Village.
The preparation of this annual financial report could not
Iaccomplished without the dedicated effort of
have
been
Dennis Lauer and his entire staff. Their efforts over the
past years toward upgrading the accounting and financial
Ireporting 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
icitizens of Glenview.
Respectfully submitted,
IPaul T. McCarthy
Village Manager
March 15, 1985
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TELEPHONE 1225 WAUKEGAN ROAD
724-t700 GLEN~EW, ILLINOIS 60025-3071
March 15, 1985
Mr. Paul T. McCarthy, Village Manager
Village of Glenview
Glenview, Illinois 60025
The Comprehensive Annual Financial Report of the Village of
Glenview for the fiscal year ended December 31, 1984 is
submitted herewith. This report was prepared by the
Village's Finance Department. Responsibility for both the
accuracy of the presented data and the completeness and
fairness of the presentation, including all disclosures,
rests with the Village. I believe the data, as presented,
is accurate in all material aspects; that it is presented in
a manner designed to fairly set forth the financial position
and results of operations of the Village as measured by the
financial activity of its various funds; and that all
disclosures to enable the reader to the
necessary
gain
maximum understanding of the Village'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; (1) the safeguarding of assets against loss from
unauthorized use or disposition; and (2) the reliability of
financial records for preparing financial statements and
maintaining accountability for a~sets. The concept of
reasonable assurance recognizes that; (1) the cost of a
control should not exceed the benefits likely to be derived;
and (2) the evaluation of costs and benefits requires
estimates and judgments by management.
Ail 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 the encumbrance of estimated purchase
amounts prior to 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 encumbrances,if any, are reported as
reservations of fund balance at December 31, 1984.
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.
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:
Northwest Mosquito Abatement District
Glenbrook Fire Protection District
Waukegan Road Sanitary District
Glen Oak 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.
II
General Governmental Functions
Revenues for General, Special Revenue and Debt Service Fund
purposes totaled $10,193,058 in 1984, increase of
an
4.3
percent over 1983. Taxes produced 70.3 percent of general
revenues compared to 72.1 percent last year. The amount of
revenues from various sources and the change from last year
are shown in the following tabulation:
1984 REVENUE
Increase
Percent (decrease)
Revenue Source Amount of total from 1983
Taxes $ 7,160,600 70.3 $ 111,306
Licenses & Permits 604,767 5.9 (7,488)
Intergovernmental 1,013,858 9.9 383,296
Charges for Service 388,072 3.8 (4,717)
Fines and Forfeits 220,653 2.2 (21,608)
Miscellaneous 805,108 7.9 (39,631)
100% $421,158
Total
$10,193,058
The 1984 assessed valuation estimate of $425 million
represents an increase of 24.4 percent over the preceding
year actual assessed valuation. The large increase in the
assessed value is a result mainly of the reassessment of
Northfield and New Trier Townships. Together these two
townships comprise 86.5% of the Village of Glenview. The
remainder of the Village is made up of area in Maine and
Niles Townships which will be reassessed
next
year.
The Village collected 97.3% of the current year's (1983) tax
levy. Property taxes which are delinquent more than one
year have been written off; subsequent collections of such
taxes are reflected as "prior year tax revenue" in the year
collected. Allocations of property tax levy by purpose for
1984 and the preceding three levy years are as follows
(amounts per $100/assessed value):
Purpose 1984' 1983 1982 1981
~ Fund .-~ . 7~ .275 .302
Special Revenue Funds .226 .270 .310 .302
General Obligation Debt .173 .088 .070 .088
Pension Trust Funds .184 .195 .205'~ .169
Total tax rate 0.807 $0.832 $0.860 $0.861
*Estimated
III
The 1984 tax levy rate is estimated to be $0.04 lower than
the final rate for 1983. The general obligation debt rate
increased from $0.09 to $0.17 because of the additional
funds required to retire the current years portion of the
newly issued Library Improvement Bonds. The Illinois
Municipal Retirement Fund rate is included with other funds
classified as Special Revenue Funds. Police Pension and
Fire Pension Fund tax rates are combined and are shown under
the heading Pension Trust Funds.
Expenditures for General, Special Revenue and Debt Service
Fund purposes totaled $ 9,486,808, a decrease of 9.0%
percent over 1983. Increases in levels of expenditures for
major functions of the Village over the preceding year are
shown in the following tabulation:
1984 EXPENDITURES Increase
Percent (Decrease)
Amount of total from 1983
General Government $1,719 606 18 1 $286,393
Public safety 4,147 863 43 7 122,092
Highways and streets 1,774 969 18 7 (1,516,273)
Welfare 754 772 8 0 85,890
Culture-recreation 762 730 8 1 32,607
Debt service 326 868 3 4 51,968
Total $ 9,486 808 100% ($937,323)
Debt Administration
The ratio of net bonded debt to assessed valuation and the
amount of bonded debt per capita are useful indicators of
the Village's debt position to municipal management,
citizens, and investors. This data for the Village of
Glenview at the end of the 1984 fiscal year is as follows:
Outstanding General Obligation Bonds b~ Issue
Police Administration Building Bonds, 1972 $ 570,000
Corporate Purpose Bonds, 1976 50,000
Corporate Purpose Bonds, 1977 3,550,000
Corporate Purpose Bonds, 1979 4,875,000
Municipal Building Bonds, 1979 700,000
Waukegan Road Sanitary District Bonds 10,000
IV
General Obligation Library Bonds, 1984 3,100,000
Special Service Area 91 Bonds 42,000
Special Service Area ~2 Bonds 32,829
Special Service Area #3 Bonds 21,599
Special Service Area #4 Bonds 84,133
Total Outstanding General Bonds Obligation
December 31, 1984 $13,035,561
Ratio of debt to Debt per
Amount assessed value * capita *
Total G.O.
bonded debt $13,035,561 3.07% $372.48
· Estimated 1984 assessed valuation $425,000,000
· Estimated 1984 Population 34,996
Outstanding general obligation debt at December 31, 1984
totaled $13,035,561 as shown above. However, $8,475,000 is
the balance remaining on bonds issued for water system
improvements. Because these bonds are being retired with
water fund revenue, they are considered self-supporting.
The four special service area bonds were issued in the name
of the Village of Glenview and in theory, constitute a debt
of the Village. These issues are being retired by a special
tax applied only to the special service area affected.
Therefore, they are excluded, as are the water improvement
bonds from the following calculation. Below is a
recalculation of the ratio of debt to assessed value and
debt per capita based on net bonded debt explained above.
Ratio of debt to Debt per
Amount assessed value * capita *
Net G.O.
Bonded Debt $4,058,845 .95% $115.98
(Net of $321,155
Debt Service Monies Available)
· See Note Above
Moody's Investors Service
The Village's bonds continue to have the same rating which
they have carried for the past several years. This rating
is as follows.
V
1984 1983 1982
General obligation bonds Aa Aa Aa
Revenue bonds A Aa Aa
It should be pointed out that the Village of Glenview has no
outstanding revenue bonds as of December 31, 1984. On
August 21, 1984 the Village Board adopted Ordinance #2582
defeasing the remaining revenue bonds.
Cash Management
Cash temporarily idle during the year was invested in
savi~gs accounts, certificates of deposit ranging from 30 to
365 days to maturity, U.S. treasury bills ranging from 14 to
91 days to maturity and treasury notes and bonds held mainly
for the Police and Fire Pension Funds. The average yield on
short term investments held on December 31, 1984, was 9.40
percent. All of the investments held as of December 31,
1984 conform to all of the provisions of the Village's
investment policy as it was adopted on February 21, 1983.
Capital Projects Funds
Proceeds 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
Group.
Assets
Account
General Fixed Assets
The general fixed assets of the Village are those fixed
assets used in the performance of general governmental
functions and exclude the fixed assets of Enterprise and
Internal Service Funds. As of December 31, 1984, the
general fixed assets of the Village amounted to $14,308,207.
This amount represents the original cost of the assets and
is considerably less than their value. Depreciation
present
of general fixed assets is not recognized in the Village's
accounting system.
Waterworks and Sewerage Funds
The financial position of the Waterworks and Sewerage
Fund-East worsened as a result of operation in fiscal year
1984. The fund experienced an operating loss iof $145,770
exclusive of depreciation, and the bond coverage decreased
to $.98. A complete analysis of this fund will be submitted
to the Board along with a recommendation for a rate increase
in mid 1985.
Waterworks and Sewerage Fund-West ended the year in a stable
financial position. This fund ended the year with a net
operating income, exclusive of depreciation, of $1,028,415
and an increase in bond to $1.22. The
coverage
reserves
in
this fund as of December 31, 1984 are adequate to properly
administer this fund.
BOND COVERAGE
East Fund West Fund
1984 1983 1984 1983
Operating
revenue $1,368,690 $1,459,941 $2,056,573 $1,920,972
*Operating
income(Loss) (145,770) 41,474 1,028,415 884,679
**Income avail-
able for debt
service 51,715 173,424 1,099,400 1,084,579
Annual Debt
Service 57,806 123,565 903,438 902,562
Coverage (income
available for
debt service
divided by
average annual
debt service) .98 1.40 1.22 1.20
*Note: Exclusive of Depreciation.
**Note: Income available for debt service includes operating
income or loss exclusive of depreciation and the amount of
the annual transfer to the Corporate Fund for administrative
overhead.
As previously mentioned, a complete analysis of the water
and sewer rates will be available for Board review in mid
1985. It will be my recommendation at that time that the
water and sewer rates in the East Water Fund be adjusted to
prevent further deterioration of the financial position of
the fund.
VII
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.
Certificate of Conformance
The Government Finance Officers Association of the United
States and Canada (GFOA) awards a Certificate of Conformance
in Financial Reporting to units of Government for the
comprehensiveness of its financial report.
In order to be awarded a Certificate of Conformance, 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 Conformance is valid for a period of one
year only. I believe our current report conforms to
Certificate of Conformance Program requirements, and we are
submitting 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, 1983. The Village also
previously held a certificate for fiscal year 1982.
Prospects Future
for
the
The Village of Glenview has several large projects and
acquisitions continuing into or scheduled for 1985. Begun
in 1984, the Public Library expansion project is expected to
be completed by the fall of 1985. Also in 1985, Glenview
Road will be reconstructed from Shermer Road west to
Milwaukee Avenue. The majority of the project cost will be
paid by the Illinois Department of Transportation.
Extensive rehabilitation is scheduled for the Rugen Road
water reservoir. Work should begin in early summer and last
for several weeks.
VIII
The Village Fire Department will take delivery of its new
ladder truck in mid to late 1985. The cost of the vehicle
is expected to be $350,000 and is to be paid from the
Capital Equipment Replacement Fund.
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 all members of the
Dep~rtment 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
responsible and progressive manner.
R~tively submitted,
~e n n~~ e r~/~~'/
Director of Finance
IX
Financial Section
The Honorable Thomas E. Smith, Village President
Members of the Board of Trustees
Village of Glenview
1225 Waukegan Road
Glenview, Illinois 60025
We have examined the combined financial statements of the Village of
Glenview, Illinois and the combining, individual fund, and account group
financial statements of the Village as of and for the year ended
December 31, 1984 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
c ircumst ances.
In our opinion, the combined financial statements referred to above
present fairly the financial position of the Village of Glenview,
Illinois, at December 31, 1984, 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, 1984
and the results of operations of such funds and the changes in financial
position of individual proprietary fund types and similar trust funds
for the year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that of the
preceding year.
Bank of Wheaton Building · 211 South Wheaton Avenue · Wheaton, Illinois 60187 · (312) 665-4510
Village of Glenview, Illinois 2
Our examination was made for the purpose of forming an opinion on the
combined financial statements taken as a whole and on the combining,
individual fund, and account group financial statements. The
accompanying financial information listed as supplemental in the table
of contents is presented for purposes of additional analysis and is not
a required part of the combined financial statements of the Village of
Glenview, Illinois. The information has been subjected to the auditing
procedures applied in the examination of the combined, combining,
individual fund, and account group finamcial statements and, in our
opinion, is fairly stated in all material respects in relation to the
combined financial statements taken as a whole.
The statistical information listed in the table of contents was not
examined by us and, accordingly, we do not express an opinion thereon.
Karrison & Byrne
March 15, 1985
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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~ 1984
(See Following Page)
I 3
VILLAGE OF GLENVIEW~ ILLINOIS
GENERAL, SPECIAL REVENUE, DEBT SERVICE, AND CAPITAL PROJECTS FUND TYPES
COMBINED STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1984
(See Following Page)
Operating Expem~e~
~k~inist r at iota $ 570~ 293 $282,445 $ 852,738 $ 848,931
Nomoperating Rmvemues (Expe~e~)
$ (519,592) $ 5,375 $ (514,217) $ (527'~)
E~tr~ordin~'y I~ $ (254,198) $ 49,832 $1,Z~8,405 $ 1,284,039 $ 1,244,9~
Extr~rdi~ry It~
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VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
1. 8umary of Significant Accounting Policies
The accounting policies of the Village of Glenview, Illinois conform to
generally accepted accounting principles as applicable to governments. The
following is a summary of the more significant policies.
A. Reporting Entity and Its Services
This report includes all of the funds and account groups of the Village.
It also includes all activities considered to be part of (controlled by or
dependent on) the Village, as determined by the application of the criteria
set forth in "Defining the Governmental Reporting Entity - NCGA Statement
3". In accordance with NCGA Statements 3 and 7, for financial reporting
purposes the Village's financial statements include all funds, account
groups, departments, agencies, boards, commissions and other organizations
over which Village officials exercise oversight responsibility. For Joint
Venture disclosures see Note 5.A.
Oversight responsibility includes such aspects as appointment of governing
body members, budget approval, approval of property tax levies, outstanding
debt secured by Village full faith and credit or revenues, responsibility
for funding deficits and others.
The Village considered the following entities when implementing NCGA
Statements 3 and 7. 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:
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
following services as authorized by its charter: public safety (police and
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
9
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
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
to account all financial resources except those
Village.
It
is
used
for
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).
Special Assessment Funds - Special Assessment Funds are used to account for
the financing of public improvements or services deemed to benefit the pro-
perties against which special assessments are levied. The Village does not
currently utilize Special Assessment Funds.
PROPRIETARY FUNDS
Enterprise Funds - Enterprise Funds are used to account for operations (a)
that are financed and operated in a manner similar to private business
enterprises - where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the
general public on a continuing basis be financed or recovered primarily
through user charges; or (b) where the governing body has decided that
periodic determination of revenues earned, expenses incurred, and/or net
income is appropriate for capital maintenance, public policy, management
control, accountability, or other purposes.
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.
l0 !
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS I
DECEMBER 31, 1984
1. Summary of Significant Accounting Policies (Cont.) ·
B. Basis of Presentation - Fund Accounting (Cont.)
FIDUCIARY FUNDS
Trust and Agency Funds - Trust and Agency Funds are used to account for
assets held by the Village in a trustee capacity or as an agent for
individuals, private organizations, other governments, and/or other funds.
These include Expendable Trust, Nonexpendable Trust, Pension Trust, and
Agency Funds. Nonexpendable Trust and Pension Trust Funds are accounted
for in essentially the same manner as proprietary funds since capital
maintenance is critical. Expendable Trust Funds are accounted for in
essentialy the same manner as governmental funds. Agency Funds are
custodial in nature (assets equal liabilities) and do not involve
measurement of results of operations. The Village does not utilize Non-
expendable Trust Funds or Agency Funds.
ACCOUNT GROUPS
General Fixed Assets Account Group - The General Fixed Assets Account Group
is used to a~count for all fixed assets which are not accounted for in
Enterprise, Internal Service, or Trust Funds.
General Long-Term Debt Account Group - The General Long-Term Debt Account
Group is used to account for all long-term debt not accounted for in
Special Assessment, Enterprise, Internal Service, or Trust Funds.
C. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses
are recognized in the accounts and reported in the financial statements.
Basis of accounting relates to the timing of the measurements made,
regardless of the measurement focus applied.
Ail Governmental Funds and Expendable Trust Funds are accounted for using
the modified accrual basis of accounting. Their revenues are recognized
when they become measureable and available as net current assets. The
Village's share of State-assessed income taxes, gross receipts, and sales
taxes are considered "measurable" when in the hands of intermediary
collecting governments and are recognized as revenue at that time.
Anticipated refunds of such taxes are recorded as liabilities and
reductions of revenue when they are measurable and their validity seems
certain. Revenues considered to be susceptible to accrual are:
Taxes Charges for Services
Property Emergency Dispatching Services
Sales
Income Intergovernmental Revenues
Utility Motor Fuel Tax Allotments
Federal Revenue Sharing Entitlements
11
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
Summary of Significant Accounting Policies (Cont.)
C. of Accounting (Cont.) Basis
Expenditures are generally recognized under the modified accrual basis of
accounting when the related fund liability is incurred.
Ail Proprietary Funds and Pension Trust Funds are accounted for using the
accrual basis of accounting. Their revenues are recognized when they are
earned, and their expenses are recognized when they are incurred. Unbilled
Waterworks and Sewerage Fund utility service receivables are recorded at
year end.
D. Budgets and Budgetary Accounting
The Village follows these procedures in establishing the budgetary data
reflected in the financial statements:
1. The Village Manager submits to the Board of Trustees a proposed
operating budget for the fiscal year commeuciug the following January
1. The operating budget includes proposed expenditures and the means
of financing them.
2. Budget hearings are conducted.
3. The budget is legally adopted in total by the President and Board of
Trustees.
4. The Village Manager is authorized to transfer budgeted mmounts between
departments within any fund; however, any revisions that alter the
total expenditures of any fund must be approved by the Board of
Trustees.
5. Budgets are adopted on a basis consistent with generally accepted
accounting principles. They are adopted for the General Fund, Special
Revenue Funds, Debt Service Funds, Public Works Garage Fund and Capital
Equipment Replacement Fund, (both Capital Project Funds), Enterprise
Funds, Internal Service Funds and Pension Trust Funds.
budget Village Hall Construction Fund was not adopted for
A
for
the
fiscal 1984.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
1. S,~mmary 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 Modified Accrual
Federal Revenue Sharing Modified Accrual
Illinois Municipal Retirement Modified Accrual
Motor Fuel Tax Modified Accrual
Debt Service
Waukegan Road Sanitary
District Bonds of 1968 Modified Accrual
Police A~minsitration
Building Bonds of 1972 Modified Accrual
Municipal Building Bonds of 1979 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
Emergency Dispatch Center Accrual
Municipal Equipment Repair Accrual
Trust and Agency
Police Pension
Firemen's Pension Accrual
Accrual
The level of control (level at which expeditures may not exceed budget) is
the Fund. Budgets lapse at year end. Nonsupplemental budget was enacted.
13
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
Summary of Significant Accounting Policies (Cont.)
D. Budgets and (Cont.)
Budgetary
Accounting
Encumbrance accounting, under which purchase orders, contracts, and other
commitments for the expenditure of monies are recorded in order to reserve
that portion of the applicable appropriation, is employed. Encumbrances
outstanding at year end, if any, are reported as reservations of fund
balances since they do not constitute expenditures or liabilities.
The Village adopts project length budgets for certain Capital Projects
Funds. The following fund was not included in the overview budgetary
statement because its budget was project length:
Total Revenues - Ail Capital Projects Funds $ 668,534
Less Village Hall Construction 11,862
$ 656,672
Total Expenditures - All Capital Projects Funds $2,818,749
Less Village Hall Construction Fund 33,413
$2,785,336
Residual Equity Transfers (Out)
All Capital Project Funds $ (117,199)
Less Village Hall Construction (117,199)
-
E. 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.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
1. Summary of Significant Accounting Policies (Cont.)
E. Assets, Liabilities, and Fund Equity (Cont.)
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
roads, bridges, curbs and gutters, streets and sidewalks, drainage systems,
and lighting systems, are not capitalized along with other general fixed
assets. No depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost
if actual historical cost is not available. Donated fixed assets are
valued at their estimated fair value on the date donated.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long-Term Debt Account Group, not in the
governmental funds. The single exception to this general rule is for
special assessment bonds, which are accounted for in Special Assessment
Funds.
The two account groups are not "funds." They are concerned only with the
measurement of financial position. They are not involved with measurement
of results of operations.
Noncurrent portions of long-term receivables due to governmental funds are
reported on their balance sheets, in spite of their spending measurement
focus. Special reporting treatments are used to indicate, however, that
they should not be considered "available spendable resources" since they do
15
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
Summary of Significant Accounting Policies (Cont.)
E. Assets, Liabilities, and Fund Equity (Cont.)
Fixed Assets and Long-Term Liabilities (Cont.)
not represent net current assets. Recognition of governmental fund type
revenues represented by noncurrent receivables is deferred until they
become current receivables. Noncurrent portions of long-term loans
receivable are offset by fund balance reserve accounts. The Village does
not currently have any noncurrent receivables and related reserves.
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.
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:
Buildings 25-50 years
Improvements 10-20 years
Equipment 3-10 years
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
1. Summary of Significant Accounting Policies (Cont.)
F. Revenues, Expenditures, and Expenses
Property Tax Revenue Recognition
1984 property taxes attach as an enforceable lien on January 1, 1984. 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,
1985 and August 1, 1985, and are payable in two installments, on or about
March 1, 1985 and on or about September 1, 1985. 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 1984 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 1983 tax levy revenues which finance the current year's
expenditures. Fiduciary (Pension Trust) Funds recognize 1984 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. The allowance for
uncollectible taxes has been stated at 2% of the 1984 tax levy, to reflect
actual collection experience.
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, 1984:
Vacation Pay $127,405
Sick Leave -
$127,405
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) and reflected in General Long-Term Debt (non-
current portion). The Village does not currently have any non-current
accumulated unpaid compensated absences.
17
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
Summary of Significant Accounting Policies (Cont.)
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.
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 L NCGA
Statement 1", and subsequent NCGA Statements and Interpretations.
The Governmental Accounting Standards Board, the
successor
to
NCGA,
has
issued GASB Statement 1, which establishes the authoritative status of NCGA
Pronouncements and the AICPA Industry Audit Guide, and has issued
subsequent authoritative pronouncements.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
2. Stewardship, Compliance, and Accountability
A. Deficit Fund Balances/Retained Earnings of Individual Funds
The following funds had a deficit in fund balance at December 31, 1984.
Fund Amount
Debt Service
Special Service Area No. 1 of 1980 $3,078
Waukegan Road Sanitary District Service Bonds of 1968 2,603
Excess of Actual Expenditures/Expenses over Budget in Individual Funds
The following funds had an excess of actual expenditures/expenses (ex-
clusive of depreciation and amortization) over budget for the year ended
December 31, 1984:
Fund Excess
Special Revenue
Illinois Municipal Retirement $ 123
Motor Fuel Tax 5,417
Debt Service
Municipal Building 48,406
Police Administration Building Bonds of 1972 2,255
Waukegan Road Sanitary District Bonds of 1968 608
Enterprise
Waterworks and Sewerage - East 210,747
Waterworks and Sewerage - West 140,159
Commuter Parking Lot 4,062
Trust and Agency
Police Pension 8,550
19
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
Detail Notes on All Funds and Account Groups
A. Assets
1. Investments
Investments are stated at cost or amortized cost, which approximates
market.
2. Property Taxes (See Note 1, F.)
3. Due from Other Governments
Special Revenue Funds
Federal Revenue Sharing
Entitlements Receivable $31,019
Motor Fuel Tax
Motor Fuel Tax Allotments
Receivable 45,788
$76,807
4. Fixed Assets
a. Changes in General Fixed Assets
Balances Balances
January 1, December 31,
1984 Additions Deletions 1984
Land $ 1,981,758 $ 1,981,758
Buildings and
Improvements 6,442,110 $1,825,759 8,267,869
Construction in
Progress 1,278,852 $1,278,852
Equipment 3,099,083 307,285 94,882 3,311,486
Furniture 509,228 8,049 517,277
Office Equipment 229,817 229,817
$13,540,848 $2~141,093 $1,373~734 $14,308,207
2o
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
3. Detail Notes on All Funds and Account Groups (Cont.)
A. Assets (Cont.)
4. Fixed Assets (Cont.)
b. Summary of Proprietary Fixed Assets at December 31, 1984
Enterprise
Waterworks Waterworks Commuter
and Sewerage and Sewerage Parking
Fund - East Fund - West Lot Fund
Land $ 67,851
Buildings 70,676
Equipment and Vehicles 401,636 $ 157,026
Improvements Other
than Buildings 5,233,287 10,489,155 $106,514
$5,773,450 $10,646,181 $106,514
Less Accumulated
Depreciation or Amortization 2,275,081 1,232,989 92,983
$3,498,369 $ 9,413,192 $ 13,531
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.
21
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
Detail Notes on All Funds and Account Groups (Cont.)
B. (Cont.) Liabilities
1. Retirement Fund Commitments (Cont.)
a. Illinois Municipal Retirement Fund (Cont.)
2) The Illinois Municipal Retirement Fund's (Chicago) actuary
estimated that as of December 31, 1983 (the date of the latest
computation), the present value of currently accrued retirement
obligations of the Village was $3,409,776. The Village had
assets $899,644 on the same date. Therefore,
accumulated
of
the balance of $2,510,132 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 $779,210 of this
amount and the prior service portion of the rate is expected to
provide $1,730,992. The latter amount is considered to be
unfunded at this time; it is sometimes referred to as the
"actuarial deficiency". As required by Section 7-172, Chapter
108-1/2, Illinois Revised Statutes, contribution rates are
fixed at levels, certified the Fund sufficient
by
actuary,
to
meet the entire cost of benefit payments ultimately to be
made.
Actual contributions this year totaled $271,665. This is a
statewide plan, administered by IMRF. The Village has no
further liability to this plan.
b. Police Pension Fund
1) Chapter 108-1/2, Sections 3-125 and 127 of the Illinois
Revised Statutes, provide that 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, 1983 (the date of the latest computation) amounted to
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
b. Police Pension Fund (Cont.)
1) (Cont.)
$8,059,323, as determined by the Illinois Department of
Insurance.
Net present assets $3,610,426
Unfunded accrued liability 4,448,897
$8,059,323
Actual contributions this year totaled $478,312. 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, 1984 $3,610,425 $(4,134,682) $7,745,107
Additions
Employer Contributions (Taxes) 478,312 478,312
Employee Contributions 139,145 139,145
Interest 406,152 406,152
Other 16,711 16,711
Prior Period Adjustment 404,740 404,740
Total Balances and Additions $5,055,485 $(4,134,682) $9,190,167
Actuarial Adjustments
(Increase) Decrease in
Unfunded Accrued Liability (314,215) 314,215
Total Revised Balances $5,055,485 $(4,448,897) $9,504,382
Deductions
Benefit Payments and Refunds $ 264,787 $ 264,787
Miscellaneous 805 805
Total Deductions $ 265,592 - $ 265,592
Balances - December 31, 1984 $4,789,893 $(4,448,897) $9,238,790
23
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
b. Police Pension Fund (Cont.)
3) Tax Levy Requirements
Amount necessary to provide the normal cost
based on the annual payroll of active
participants as of December 31, 1983. $186,856
Amount necessary to amortize the unfunded
accrued liability of $4,448,897 as
determined by the State of Illinois Depart-
ment of Insurance over the remaining
37.0027 years as contemplated by Section
3-127 of the Illinois Pension Code. 322,598
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. $509,454
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 acturial 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, 1983 (the date of
to $4,230,709 as determined by
the
latest
computation)
amounted
the Illinois Department of Insurance.
Net present assets $2,959,512
Unfunded accrued liability 1,271~197
$4,230,709
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
c. Firemen's Pension Fund (Cont.)
1) (Cont.)
Actual contributions this year totaled $304,967. 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, 1984 $2,959,512 $(1,351,496) $4,311,008
Additions
Employer Contributions (Taxes) 304,967 304,967
Employee Contributions 92,126 92,126
Interest 347,834 347,834
Other 31,772 31,772
Prior Period Adjustment 248,913 248,913
Total Balances and Additions $3,985,124 $(1,351,496) $5,336,620
Actuarial Adjustments
(Increase) Decrease in
Unfunded Accrued Liability - $ 80,299 $ (80,299)
Total Revised Balances $3,985,124 $(1,271,197) $5,256,321
Deductions
Bemefit Payments $ 62,397 $ 62,397
Miscellaneous 625 625
Total Deductions $ 63,022 - $ 63,022
Balances - December 31, 1984 $3,922,102 $(1,271,197) $5,193,299
25
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINA/qCIAL STATEMENTS
DECEMBER 31, 1984
Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Cormnitments (Cont.)
c. Firemen's Pension Fund (Cont.)
3) Tax Levy Requirements
Minimum amount necessary to provide actuarial
amount for the annuities and benefits to
during the year, computed at a
be
earned
rate of not less than 17.5% of the annual
payroll of active participants as of
December 31, 1983. $201,710
Amount necessary to amortize the unfunded
accrued liability of $1,271,197 as deter-
mined by the State of Illinois Department
of Insurance over the remaining 37.0027
years as contemplated by Section 4-118
of the Illinois Pension Code.
92,177
Total amount of tax levy necessary to arrive
at the annual requirements of the Fund as
required in Section 4-118 of the Illinois
Pension Code. $293,887
2. Commitments
The following contractual coummitments existed at December 31, 1984.
Expended Required
Project Through Future
Description Authorization December 31, 1984 Committed Financin~
Library
$2,673,700 $638,700 $2,035,000 None
Addition
3. Claims and Judgments
Liabilities resulting from claims and judgments, if any, have been
reflected in the financial statements in accordance with NCGA Statement
4 and SFAS 5 provisions.
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
4. Lease Obligations
The Village had no Capital [ease commitments at December 31, 1984.
The Village of Glenview is a lessee under an agreement with the
Chicago, Milwaukee, St. Paul and Pacific Railroad Company for certain
property adjacent to the railroad station located in the Village. The
operating lease provides the terms as shown.
a. Period - May i, 1966 to April 30, 1986.
b. Annual rent - 30% of parking revenues', but not less than $2,400.
c. Improvements costs - the Village has incurred certain expenditures
for capital improvements to improve the area surrounding the
railroad station. Repayment of the expenditure is to be derived
from net revenue produced from parking meters installed and
parking permits sold.
27
VILLAGE OF GLENVIEW, ILLIADIS
NUIES ID T[~ FINAI~IAL ~
DEC~I~R 31, 1984
Detail Notes on All Funds and Account G~oups (Coat.)
B. Liabilities (Cont.)
5. I~g-Term Debt
a. Oamlges in Loag-Tem Debt
Balances Balances
Fund Debt January 1, Dec~ber 31,
Retired By 1984 Issu~ces Retirements 1984
General obligation Bonds
Waukegan Road Sanitary
District Se~r Bonds
of 1968 Debt Service $ 14,000 $ 4,000 $ 10,000
Police A4~H his tratio~
Building Bonds of 1972 Debt Service 685,000 115,000 570,000
Municipal Building
Bonds of 1979 Debt Service 800,000 100,000 700,000
Library Bonds of 1984 Debt Service $3,100,000 3,100,000
$1 ~499,000 $3,100,000 $219,000 $4,380,000
Special Service Area Bonds
fA1 of 1980 Debt Service $ 49,000 $ 7,000 $ 42,000
~2 of 1981 I~bt Service 34,463 1,634 32,829
~3 of 1981 Debt Service 22,674 1,075 21,599
f~4 of 198~ Debt Service 90,000 5,867 84,133
$ 196,137 - $ 15,576 $ 180,561
General Obligation Bonds
Corporate Purpose Bond Water~rks and
Series of 1976 Sewerage-East $ 100,000 $ 50,000 $ 50,000
Corporate Purpose Bond Waterworks and
Series of 1977 Se~rage-~st 3,725,000 175,000 3,550,000
Corporate Purpose Bond Waterworks and
Series of 1979 Sewerage-West 5~075,000 200,000 4~875,000
$8,900,000 $425,000 $8,475,000
Rovence Bonds
Waterworks and Sewerage Waterworks and
Bonds of 1964 Sewarage-East $ 300,000 $300,000 -
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
Detail Notes on Ail 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
1985 $ 703 389 $ 31,918 $ 955,888 $ 1,691,195
1986 775 694 30,236 901,438 1,707,368
1987 739 437 29,818 900 363 1,669,618
1988 708 300 29,398 898 138 1,635,836
1989 775 875 28,978 918 813 1,723,666
1990 639 500 28,556 886 188 1,554,244
1991 457 600 21,347 905 375 1,384,322
1992 433 125 21,346 897 125 1,351,596
1993 408 100 21,347 887 250 1,316,697
1994 382 662 7,510 876 125 1,266,297
1995 356 538 7,509 888 025 1,252,072
1996 329 725 3,755 897 025 1,230,505
1997 302 500 902 725 1,205,225
1998 505 500 505,500
1999 503 500 503,500
$7,012,445 $261~718 $12,723,478 $19,997,641
29
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
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
~00,000 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. 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.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS'
DECEMBER 31, 1984
3. Detail Notes on Ail 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 in direct U.S. Treasury
obligations with maturities that approximate the Debt Service
Requirements of the original issue.
U.S. Government securities in the amount of $205,000 at various
interest rates and dates of maturity ranging from 4/30/85 to
3/31/88 have been purchased for the escrow.
3. The proceeds in escrow are not subject to lien for any purpose
other than in connection with the defeasance transaction.
Since the requirements which satisfy defeasance have been met, the
financial statements reflect satisfaction of the original liability
through the irrevocable transfer to an escrow agent of an amount
ofcomputed the Issue. to be adequate to satisfy future Debt Service Requirements
Schedule of Future Requirements - Waterworks and Sewerage Revenue
Bond Issue to be paid from Escrow:
Year Bond Number Principal
1985 173-184 $ 60,000
1986 185-196 60,000
1987 197-208 60,000
1988 209-220 60,000
$240,000
31
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
Detail Notes on All Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables
Due Due
From To
General
Corporate
Waterworks and Sewerage - East $204,806
Waterworks and Sewerage - West 183,207
Water Depreciation 15,413
Emergency Dispatch 20,519
Police Pension $ 4,209
Commuter Parking 30
Municipal Equipment Repair 16,496
Public Works Construction 2,000
Deposit 2,164
Capital Projects 59,820
Debt Service 19,271
Illinois Municipal Retirement 18,492
Firemen's Pension 11,970
Escrow 181,145
Public Library
71~259
Total General $504,455 $306,346
Special Revenue
Library
Corporate $ 71,259
Capital Projects $ 41,580
$ 71,259 $ 41,580
Illinois Municipal Retirement
Corporate $ 18,492
Motor Fuel Tax
Capital Projects $ 1,235
Total Special Revenue $ 90~986 $ 41,580
Debt Service
Debt Service
Corporate $ 19,271
Waterworks and Sewerage - West 338,828
Waterworks and Sewerage - East $ 1,135
Escrow 50,000
Total Debt Service $ 358,099 $ 51,135
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
3. Detail Notes on All Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables (Cont.)
Due Due
From To
Capital Projects
Village Hall Construction
Public Works Construction $ 2,557
Public Works Garage
Village Hall Construction $ 2,557
Corporate $ 2,000
$ 2,557 $ 2,000
Capital Equipment Replacement
Municipal Equipment Repair $ 455
Capital Projects
Public Library $41,580
Corporate $ 59,820
Motor Fuel Tax 1,235
$41,580 $ 61,055
Total Capital Projects $44,592 $ 65,612
Enterprise
Waterworks and Sewerage - East
Debt Service $ 1,135
Corporate $220,219
Waterworks and Sewerage - West 75,000
$76,135 $220,219
Waterworks and Sewerage - West
Corporate $183,207
Water Depreciation 75,000
Debt Service 338,828
$597,035
Commuter Parking Lot
Corporate $ 30
Total Enterprise $76,135 $817,284
33
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31~ 1984
Detail Notes on All Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables (Cont.)
Due Due
From To
Internal Service
Emergency Dispatch Center
Corporate $ 20,519
Municipal Equipment Repair
Corporate $ 16,496
Capital Equipment Replacement 455
Escrow 70,000
$ 86,951
Total Internal Service $ 107,470
Trust and Agency
Escrow .
Corporate $ 181,145
Debt Service 50,000
Municipal Equipment Repair 70,000
$ 301,145
Deposit
Corporate $ 2,164
Police Pension
Corporate $ 4,209
Firemen's Pension I
Corporate $ 11,970
Total Trust and Agency $ 317~324 $ 2,164
$1,391,591 $1~391,591
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
3. Detail Notes on All Funds and Account Groups (Cont.)
D. Fund Equity
1. Reservation of Retained Earnings
Retained Earnings - Reserved - Restricted Accounts represents amounts
required to be segregated by bond ordinance provisions.
2. 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".
3. Unreserved Fund Balance - Designated
Designations represent portions of Unreserved Fund Balance segregated
tofuture indicate period, tentative plans for financial resource utilization in a
35
VILLAGE OF GLENVIEW~ ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
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, 1984 is as follows:
Waterworks Waterworks Commuter
and Sewerage and Sewerage Parking
Fund - East Fund - West Lot Fund Total
Operating Revenues $1,368,690 $ 2,056,573 $ 61,492 $ 3,486,755
Depreciation, Depletion, and
Amortization Expense 144,198 225,513 5,289 375,000
Operating Income or (Loss) (289,968) 802,902 20,930 533,864
Operating Grants, Entitle-
merits, and Shared Revenues - - _
Operating Transfers In ....
Out ....
Tax Revenues ....
Net Income (Loss) (450,405) 202,339 45,431 (202,635)
Current Capital Contributions
and Transfers
Contributions - - _
Transfers 341,545 341,545
Plant, Property and Equipment
Additions 1,340 10,286 11,626
Deletions - _
Total Assets 4,197,584 10,378,580 300,173 14,876,337
Net Working Capital (440,801) 336,337 286,612 182,148
Bonds and Other Long-Term
Liabilities
Payable from Operating
Revenues 50,000 8,425,000 - 8,475,000
Payable from Other Sources ....
Total Equity 3,413,141 1,324,529 300,143 5,037,813
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1984
5. Related Entities
A. Joint Ventures
The Village of Glenview does not participate in any Joint Ventures 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.
B. Related Party Transactions
No material related party transactions existed during the fiscal year.
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.
B. Contingent Liabilities
The Village participates in a number of federally assisted grant programs,
principal of which are the General Revenue Sharing, Comprehensive
Employment Training Act, and Local Public 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, 1984 have not yet been conducted. Accordingly, the
Village's compliance with applicable grant requirements 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.
7. Subsequent Events
There were no material subsequent events.
I
I
I
I
I
I
I
I
I
I
I
I
I
I
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I
GOVERNMENTAL FUND TYPES
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.
37
VILLAGE OF GLENVIEW~ ILLINOIS
CORPORATE FUND
BALANCE SHEET
DECEMBER 31~ 1984
1984 1983
ASSETS
Cash and Investments $ 523,286 $1,119,209
Receivables
Property Taxes 933,695 933,695
Replacement Taxes 38,686 31,576
Accounts 230,323
Other 568,182 906,414
Due from Other Funds 504,455 162,131
Total Assets $2,798,627 $3~153~025
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable $ 33,256 $ 19,901
Compensated Absences Payable 119,472 104,804
Due to Other Funds 306,346 90,467
Deferred Revenues 933,695 933,695
Refundable Deposits 28,304 53,198
Total Liabilities $1,421,073 $1,202,065
Fund Balance (Page 38) 1,377,554 1,950,960
Total Liabilities and Fund Balance $2~798,627 $3,153,025
See accompanying Notes to the Financial Statements.
38
CORPORATE FU~
STATEM~ OF REV~IM~, E~R~E~rOJRES,
FOR THE YEAR ~ DEC~ER 31, 1984
1984 1983
Budget Actual Actual
Revemms (Page 39)
Taxes $5,917,500 $5,852,673 $5,683,972
L{ceeses and Permits 657,350 604,767 612,255
Intergoverrment al 22,300 36,147 43,879
(barges for Services 388,071 388,071 392,789
Fines and Forfeits 260,000 220,653 242,261
Miscel laneoas 243,490 192,732 148,279
Total Revent~s $7,488,711 $7,295,043 $7~123,435
Expenditures (Page 40)
C~neral C~vermmnt $1,579,645 $1,719,606 $1,431,713
Public Safety 4,326,833 4,147,863 4,025,771
Highways and Streets 1,821,380 1,756,129 1,676,838
Total Expenditures $7 ~727,858 $7,623,598 $7,134~322
Excess (Deficiency) of Revenues over Expenditures
before Other Financiag Sources (Uses) $ (2-39,147) $ (328,555) $ (10,887)
Other Financing Sources (l~es)
Operating Tr~msfers In (O~t)
Debt Service Fund $ (2,940) $ (2,940) $ (3,360)
Public Works ~onstrtmtion Fund (150,000) (150,000) (120,000)
Capital Projects Ftmd (196,000) (196,000)
Escrow Depesit Fund 90,000 104,089 75,907
$ (258,940) $ (244,851) $ (47,453)
Fxcess (Deficiency) of Revenues and Other se~ces
over Expenditures and Other Uses $ (498,087) $ (573,406) $ (58,~40)
Fund Balm~e
Jamm~y 1 $1,950,960 $2,093,269
Prior Period Atjuatment (102,234)
Adjusted Balance $1,950,960 $1,991,035
l~sidual Fquity ~m~sfer In
Special Service Area No. 4 Fond 18,265
$1,950,960 $2,009,300
December 31 (Page 37) $1,377,554 $1,950,960
See accompanying Notes to the Fir~mcial Statements.
39
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1984
1984 1983
Budget Actual Actual
Taxes
Property Taxes - Current $ 925,000 $ 933,038 $ 924,747
Property Taxes - Prior 21,528 21,583
Replacement Taxes 30,800 34,265 28,585
Sales Tax 2,198,500 1,974,783 2,023,939
Utility Tax 2,017,300 1,991,104 1,918,899
Illinois Income Tax 668,900 766,168 685,991
Road and Bridge 77,000 88,421 80,228
Franchise Taxes 43,366
$5,917,500 $5,852,673 $5,683,972
Licenses and Permits
Motor Vehicle $ 316,000 $ 304,638 $ 306,758
Bicycle 50
Business 75,000 69,140 78,736
Liquor 60,000 48,903 53,933
Dog 7,000 4,370 4,581
Cat 1,000 416 415
Heating and Air Conditioning 1,700 578 490
Buildings 50,000 58,738 50,840
Electrical Inspection 21,800 24,234 20,848
Plumbing and Sewer 20,000 13,187 10,983
Plan Review and Elevator Inspection 26,000 23,437 24,389
Driveway 800 600 505
Engineering 28,000 9,024 17,825
Unclassified Public Works Service 30,000 27,495 25,767
Other Current Service Charges 20,000 20,007 16,185
$ 657,350 $ 604,767 $ 612,255
Intergovernmental $ 22,300 $ 36,147 $ 43,879
Charges for Services
Administration $ 388,071 $ 388,071 $ 392,789
Fines and Forfeits $ 260,000 $ 220,653 $ 242,261
Miscellaneous
Interest $ 119,940 $ 88,648 $ 84,121
Insurance Refunds 30,550 42,157 28,172
Damage to Village Property 5,000 12,147 6,453
IRB Applicant Fees 4,000 153
Other 84,000 49,780 29,380
$ 243,490 $ 192,732 $ 148,279
$7,488,711 $7,295,043 $7,123,435
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1984
1984 1983
Budget Actual Actual
G~neral C-overnment
Board of Trustees $ 9,915 $ 9,667 $ 9,i05
Special Board 47,447 41,617 56,712
Village Clerk's Office 10,207 9,387 9,146
Legal 276,163 316,212 234,358
Village Manager's Office 215,268 232,200 195,827
Finance 395,168 376,403 370,748
Municipal Building and Grounds 106,475 96,636 79,027
Personnel 516,341 637,475 476,790
Emergency Service Disaster Agency 2,661 9
$1,579,645 $1,719,606 $1~431,713
Public Safety
Police Department $2,699,698 $2,602,553 $2,512,554
Fire Departmeut 1,601,522 1,524,690 1,497,294
Printing and General Services 25,613 20,620 15~923
$4,326,833 $4,147,863 $4,025,771
Highways and Streets
Development and Public Services
Administration $ 151,352 $ 127,348 $ 130,056
Planning and Zoning 53,915 45,308 53,705
Engineering 213,071 183,411 160,789
Public Works - General Street
Maintenance 82,332 80,019 118,114
Public Works - Special Projects 3,881 16,218
Public Works - Overhead 476,465 530,552 434,823
Public Works - Traffic 154,917 169,850 140,556
Public Works - Storm Drains 99,103 74,114 84,092
Public Works - Snow and Ice Control 132,202 116,650 86,362
Public Works - Trees 118,797 102,377 133,951
Public Works - Grounds 41,807 40,522 45,146
Building Inspection 232,700 230,332 213,776
General Health 64,719 51,765 59,250
$1,821,380 $1,756,129 $1,676,838
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
General Government
Board of Trustees
Regular Salaries $ 3,000 $ 3,000
Contractual Services 1,215 1,080
Travel Expense 3,300 4,716
Materials and Supplies 2,350 777
Contingencies 50 94
$ 9,915 $ 9,667
Special Board
Temporary Salaries $ 420 $ 772
Contractual Services 42,277 39,877
Travel Expense 50 45
Materials and Supplies 4,600 904
Contingencies 100 19
$ 47,447 $ 41,617
Village Clerk
Regular Salaries $ 900 $ 900
Temporary Salaries 300 210
Dues, Subscriptions and Memberships 8,732 8,235
Maintenance of Equipment 75
Travel Expense 50 25
Other Operating Expenses 150 17
$ 10,207 $ 9,387
Legal
Regular Salaries $ 3,560 $ 4,249
Contractual and Professional Services 73,300 67,062
Insurance and Bonding 198,600 241,823
Dues, Subscriptions and Memberships 318 524
Maintenance of Equipment 85 48
Travel Expense 100 1,491
Materials and Supplies 200 1,015
$276,163 $316,212
Emergency Agency
Service
Disaster
Rentals $ 1,011
Office Supplies 100 $ 9
Machinery and Equipment 1,550
$ 2,661 $ 9
VILLAGE OF GLENVIEW~ ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
General Government (Cont.)
Village Manager
Regular Salaries $168,620 $178,896
Temporary Salaries 7,435 9,299
Holiday Pay 617
Longevity Pay 900 900
Printing, Binding and Publication 11,500 16,000
Postage 12,740 11,618
Dues, Subscriptions and Memberships 1,623 2,255
Maintenance of Equipment 150 113
Travel Expense 4,880 4,957
Training Expense 1,250 1,296
Books, Pamphlets and Materials 300 391
Equipment Replacement 2,800 2,800
Equipment Repairs 3,070 3,058
$215,268 $232,200
Finance
Regular Salaries $223,148 $222,023
Overtime Salaries 2,770 804
Temporary Salaries 19,260 12,237
Longevity Pay 2,950 2,650
Contractual Professional Services 37,550 36,784
Printing, Binding and Publication 9,500 4,446
Postage 4,500 3,427
Dues, Subscriptions and Membership 1,413 575
Maintenance of Equipment 20,215 20,230
Rentals 45,646 48,131
Travel Expense 1,788 2,049
Training 600 350
Office Supplies 14,000 11,856
Books, Pamphlets and Materials 400 57
Computer Supplies 5,800 6,712
Other Operating Expense 200
Machinery and Equipment 5~428 4~072
$395,168 $376,403
43
VILLAGE OF GLENVIEW~ ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
General Government (Cont.)
Municipal Building and Grounds
Regular Salaries $ 21,240 $ 21,930
Overtime Salaries 500 39
Temporary Salaries 6,100 4,413
Longevity Pay 400 400
Heating and Lighting 15,350 10,843
Postage 13,500 10,420
Telephone 12,500 21,845
Maintenance of Equipment 17,665 10,298
Maintenance of Buildings 1,950 1,052
Rentals 8,520 8,256
Uniform Allowance 300 181
Cleaning and Household Supplies 2,900 2,633
Maintenance Materials - Buildings 1,500 2,448
Small Tools and Equipment 300 180
Employee Welfare 3,350 1,698
Equipment R~pairs 400
$ 106,475 $ 96,636
Personnel
Contractual Professional Services $ 15,675 $ 14,882
Printing, Binding and Publications 1,500 3,307
Dues, Subscriptions and Memberships 585 589
Insurance and Bonding 486,406 597,600
Training Expense 7,500 16,236
Books, Pamphlets and Materials 100 104
Employee Welfare 4,075 4,268
Contingencies 50 39
Machinery and Equipment 450 450
$ 516,341 $ 637~475
Total General Government $1,579,645 $1~719,606
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Public Safety
Police Department
Regular Salaries $1,944,437 $1,905,209
Overtime Salaries 90,000 82,156
Temporary Salaries 118,152 95,218
Holiday Pay 75,500 69,864
Longevity Pay 15,400 14,683
Pay Differential - Director 1,200 1,200
Contractual and Professional Services 7,300 14,347
Printing, Binding and Publication 2,800 2,196
Heating 7,260 5,019
Postage 3,000 2,137
Telephone 13,000 22,808
Teletype 7,750 7,378
Dues and Subscriptions 850 985
Maintenance of E~uipment 41,145 39,797
Maintenance of Buildings 2,700 2,375
Rentals 7,410 8,469
Travel Expenses 2,570 2,252
Training 29,555 31,489
Uniform Allowance 28,510 25,863
Office Supplies 2,550 3,059
Books, Pamphlets and Materials 3,500 3,418
Cleaning and Household Supplies 2,000 1,176
Maintenance Materials - Buildings 3,600 1,241
Operating Materials and Supplies 14,080 9,871
Other Operating Expenses 21,011 212
Equipment Replacement 89,658 89,658
Equipment Repairs 137,590 116,852
Machinery and Equipment 21,950 19,722
Furniture and Fixtures 4,720 2,888
Increase Police Pension Reserve 500 21,011
$2,699,698 $2,602,553
45
VILLAGE OF GLENVIEW~ ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Public Safety (Cont.)
Fire Department
Regular Salaries $1,246,954 $1,212,183
Emergency Overtime Salaries 54,075 52,534
Longevity Pay 17,850 17,363
Contractual Professional Services 66,061 63,072
Printing and Publications 150 27
Heating 4,000 3,813
Postage 550 276
Telephone 3,430 8,308
Dues, Subscriptions and Memberships 540 623
Maintenance of Equipment 13,901 10,015
Maintenance of Buildings 3,750 2,100
Travel Expense 2,411 3,297
Training 2,950 1,789
Uniform Allowances 10,150 10,150
Office Supplies 850 435
Fire Prevention Pamphlets 3~250 712
Motor Vehicle Supplies 2,600 2,180
Cleaning Supplies 2,600 2,302
Maintenance Materials - Equipment 220 56
Maintenance Materials - Buildings 5,055 3,914
Small Tools and Equipment 3,239 2,315 ,
Operating Materials and Supplies 15,275 7,507
Other Operating Expenses 32,338 32,258
Equipment Replacement 44,546 44,546
Equipment Repairs 29,870 16,357
Machinery and Equipment 27,135 23,896
Furniture and Fixtures 3,772 2,662
Automotive 4,000
$1,601~522 $1,524~690
Printing - General Services
Printing and Binding $ 2,000 $ 2,297
Maintenance of Equipment 4,608 3,364
Rentals 616 991
Office Supplies 15,000 11,111
Operating Supplies 2,760 1,309
Small Tools and Equipment 250
Machinery and Equipment 379 1,548
$ 25,613 $. 20,620
Total Public Safety $4,326,833 $4,147,863
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Highways and Streets
Development and Public Services
Administration
Regular Salaries $130,012 $113,329
Overtime Salaries 1,200 1,029
Temporary Salaries 6,000 1,077
Longevity Pay 800 700
Contractual and Professional Services 800 420
Printing, Binding and Publication 200 18
Dues, Subscriptions and Memberships 330 577
Maintenance of Equipment 830 1,141
Travel Expense 1,050 877
Training 1,600 842
Materials and Supplies 2,070 1,927
Equipment Replacement 1,400 1,400
Equipment Repairs 1,560 1,086
Machinery and Equipment 3,500 2,925
$151,352 $127,348
Planning and Zoning
Regular Salaries $ 30,000 $ 29,947
Temporary Salaries 400 490
Contractual and Professional Services 15,000 10,179
Printing, Binding and Publication 3,750 1,727
Dues, Subscriptions and Memberships 2,565 2,363
Travel Expense 1,500 129
Training 300 40
Operational Supplies 400 433
$ 53,915 $ 45,308
Engineering
Regular Salaries $153,564 $129,212
Overtime Salaries 1,000 3,210
Temporary Salaries 25,064 17,466
Longevity Pay 700 700
Contractual Professional Services 10,000 13,990
Printing, Binding and Publications 200 32
Dues, Subscriptions and Memberships 40
Maintenance of Equipment 575 287
Rentals 1,833 1,680
Microfilming 300 210
Travel Expense 1,050 942
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Engineering (Cont.)
Training $ 1,470 $ 682
Uniform Allowance 225 317
Books, Pamphlets and Materials 100 45
Operational Materials 1,050 1,146
Other Charges 200 100
Equipment Replacement 7,500 7,500
Equipment Repairs 8,200 5~892
$213,071 $183,411
Public Works - General Street Maintenance
Regular Salaries $ 45,255 $ 47,168
Overtime Salaries 4,177 5,705
Temporary Salaries 5,500 5,835
Maintenance of Buildings
Maintenance Materials - Improvements 16,000 10,901
Small Tools and Equipment 900 781
Operating Materials and Supplies 3,500 6,500
Machinery and Equipment 7,000 3,129
$ 82,332 $ 80,019
Public Works - Special Projects
CATS Planning Consultant - $ 3~881
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budset Actual
Highways amd Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Overhead
Regular Salaries $186,436 $213,351
Overtime Salaries 112 1,477
Temporary Salaries 14,750 8,430
Longevity Pay 6,900 6,569
Heat 3,600 4,010
Telephone 1,500 2,625
Maintenance of Equipment 130 209
Maintenance of Building Improvements 1,800 2,067
Rentals 8,600 6,999
Travel Expense 100 113
Training 1,500 654
Dues, Subscriptions and Memberships 30 10
Uniform Allowance 6,000 5,718
Books, Pamphlets and Materials 100 12
Cleaning Supplies 1,500 1,625
Small Tools and Equipment 1,000 1,121
Employee Welfare 2,000 1,931
Equipment Replacement 112,427 112,427
Equipment Repairs 125,730 158,954
Machinery and Equipment 2,250 2~250
$476,465 $530,552
Public Works - Traffic
Regular Salaries $ 33,361 $ 24,007
Overtime Salaries 1,571 1,736
Temporary Salaries 2,000 602
Power and Lights 66,000 82,562
Maintenance of Equipment 30,000 35,981
Maintenance of Buildings 8,500 10,600
Rentals 400 52
Sign Supplies 12,035 13,048
Small Tools and Equipment 200 534
Operating Materials and Supplies $154,917850 1-~,850728
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Storm Drains
Regular Salaries $ 71,170 $ 55,131
Overtime Salaries 3,133
111
Temporary Salaries 3,250 3,369
Maintenance of Equipment 3,000 2,750
Maintenance of Buildings 3,000 4,689
Maintenance Materials - Equipment 3,500 2,140
Maintenance Materials - Buildings 5,500 3,388
Small Tools and Equipment 150 49
Operating Materials and Supplies 6,400 2,487
$ 99,103 $ 74,114
Public Works - Snow and Ice Control
Regular Salaries $ 58,696 $ 43,083
Overtime Salaries 22,981 16,839
Temporary Salaries 1,500 1,248
Contractual Professional Services 525 525
Rentals 2,500
Maintenance Materials - Equipment 7,500 9,562
Operating Materals and Supplies 31,500 39,352
Machinery and Equipment 7,000 6,041
$132,202 $116,650
Public Works - Trees
Regular Salaries $ 69,720 $ 72,969
Overtime Salaries 4,177 1,949
Temporary Salaries 8,000 10,437
Contractual Professional Services 3,000 854
Dues, Subscriptions and Membership 100 72
Maintenance of Equipment 500
955
Maintenance of Buildings 27,500 9,351
Books, Pamphlets and Materials 50
Maintenance Materials - Equipment 450 68
Small Tools and Equipment 900 1,017
Operating Materials and Supplies 3,000 2,419
Machinery and Equipment 1,400 1,286
Tree Planting 1,000
$118,797 $102,377
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VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.)
Public Works - Grounds
Regular Salaries $ 33,845 $ 35,553
Overtime Salaries 837 981
Temporary Salaries 3,000 1,853
Maintenance of Buildings 2,000 600
Maintenance Materials - Equipment 225 30
Small Tools and Equipment 900 170
Operating Materials and Supplies 1,000 1,335
$ 41,807 $ 40,522
Building and Inspection
Regular Salaries $198,480 $199,089
Overtime Salaries 500 1,237
Temporary Salaries 4,270 3,721
Longevity Pay 1,850 1,850
Contractual and Professional Services 6,000 4,016
Printing, Binding and Publication 800
Dues, Subscriptions and Memberships 420 425
Maintenance of Equipment 800 195
Microfilming 2,200 2,380
Travel 880 628
Training 2,600 3,282
Uniform Allowance 225 225
Books, Pamphlets and Materials 450 290
Operating Materials and Supplies 600 1,187
Other Operating Expenses 300 300
Equipment Replacement 5,600 5,600
Equipment Repairs 6,725 5,907
$232,700 $230,332
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VILLAGE OF GLENVIEW~ ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Highways and Streets (Cont.)
Development and Public Services (Cont.
General Health
Regular Salaries $ 53,688 $ 42,479
Overtime Salaries 500 505
Temporary Salaries 1,964 1,683
Longevity Pay 900 400
Contractual and Professional Services 150 80
Printing, Binding and Publication 100
Dues, Subscriptions and Memberships 302 221
Maintenance of Equipment 135
Travel Expense 560 211
Car Allowance 200 113
Training 1,200 875
Books, Pamphlets and Materials 300 237
Small Tools and Equipment 100 73
Operating Materials and Supplies 1,060 55
Equipment Replacement 1,400 1,400
Equipment Repairs 2,060 2,498
Machinery and Equipment 810
Other Operational Expense 100 125
$ 64,719 $ 51,765
Total Highways and Streets $1,821,380 $1,756,129
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Fund Descriptions
Library Fund
The Library Fund is used to account for the resources necessary to provide the
educational, cultural and recreational activities of the Glenview Public Library.
Federal Revenue Sharin~ Fund
The Federal Revenue Sharing Fund provides accountability for Federal 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
expenditures associated with providing disability and pension benefits for Glenview
employees. This fund also provides the employer with a portion of F.I.C.A.
Contributions.
Motor Fuel Tax Fund
The Motor Fuel Tax Fund is used to account for the activities involved with street
maintenance and construction. Financing is provided by the Village's share of
State gasoline taxes. State law requires these gasoline taxes to be used to
maintain streets.
54
VILLAGE OF GLENVIEW~ ILLINOIS
LIBRARY FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Revenues
Property Taxes - Current $ 645,425 $ 651,146
Property Taxes - Prior 15,733
Replacement Taxes 19,300 24,759
Interest Income 12,750 41,222
Other Current Charges 101~750 120,567
$ 779,225 $ 853,427
Expenditures (Page 55) $ 787,675 $ 762,730
Excess (Deficiency) of Revenues over
Expenditures before Other Financing (Uses) $ (8,450) $ 90,697
Other Financing (Uses)
Operating Transfers (Out)
Capital Projects Fund (205,138) (205,138)
Excess (Deficiency) of Revenues over
Expenditures and Other Uses $(213,588) $(114,441)
Fund Balance
January 1, 1984 567,021
December 31, 1984 (Page 53) $ 452,580
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, 1984
Budget Actual
Regular Salaries $465,350 $277,750
Overtime Salaries 1,969
Temporary Salaries 181,778
Contractual and Professional Services 2,500 2,217
Printing, Binding and Publication 5,300 6,919
Power and Lights 625 450
Heating 2,500 4,463
Water 600 547
Postage 7,200 6,529
Telephone and Telegraph 4,000 5,754
Dues and Subscriptions 800 918
Maintenance of Equipment 16,500 13,521
Maintenance of Buildings 23,500 13,968
Insurance and Bonding 26,600 26,600
Travel Expense 3,500 3,084
Training 1,600 1,282
Library Programs 2,400 1,085
Office Supplies 8,500 9,255
Books, Pamphlets and Materials 160,800 161,013
Cleaning Supplies 2,800 1,548
Other Operating Expenses 450 636
Contingencies 10,000 1,150
Automation and Expansion 26,500 27,702
Machinery and Equipment 7,650 5,161
Gift Fund 8,000 7,431
$787,675 $762,730
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, 1984
Budget Actual
Revenues
Property Taxes - Current $ 250,982 $253,162
Property Taxes - Prior 8,345
Replacement Taxes 11,500 10,158
Employee Contributions 328,306 331,486
Other Interest 41,300 65,185
$ 632,088 $668,336
Expenditures
Retirement Contributious 754,649 754,772
Excess (Deficiency) of Revenues over
Expenditures before~Other Financing Sources $(122,561) $(86,436)
Other Financing Sources
Operating Transfers In
Waterworks and Sewerage Fund - East $ 41,115 $ 41,115
Waterworks and Sewerage Fund - West 12,785 12,785
Emergency Dispatch Center Fund 26,070 27,507
$ 79,970 $ 81,407
Excess (Deficiency) of Revenues and Other
Sources over Expenditures $ (42,591) $ (5,029)
Fund Balance
January 1, 1984 631~411
December 31, 1984 (Page 53) $626,382
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW~ ILLINOIS
MOTOR FUEL TAX FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31~ 1984
Budget Actual
Revenues
Allotments $ 480,000 $ 523,079
Interest Income 105,000 84,166
Miscellaneous 292,770
$ 585~000 $ 900~015
Expenditures
Fau/Harlem Central $ 5,582 $ 5,582
Linneman Street Paving 1,897
Club Circle/Chatham 6,606 6,606
Fau Glenview Road West End 1,235 1,235
Chester/Prairie Lawn Pavement 1,846
Lizette Pavement Reconstruction 1,574
Harrison Pavement Reconstruction 100
$ 13~423 $ 18~840
Excess of Revenues over Expenditures
before Other Financing (Uses) $ 571,577 $ 881,175
Other Financing (Uses)
Operating Transfers (Out)
Transfer to Capital Projects Fund (673,577) (330,278)
Excess (Deficiency) of Revenues over
Expenditures and Other Uses $(102,000) $ 550,897
Fund Balance
January 1, 1984 756,200
December 31, 1984 (Page 53) $1,307,097
See accompanying Notes to the Financial Statements.
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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 Bonds of 1968
This issue in the amount of $38,000 was used to construct a sanitary
sewer on Woodlawn Drive.
Police Administration Building Bonds of 1972
This issue in the amount of $1,400,000 was used to construct the Police
Administration Building.
Pnblic Library Parkin~ Lot Bonds of 1976
This issue in the amount of $200,000 was used to construct a library
parking lot.
Municipal Buildin~ Bonds of 1979
This issue in the amount of $950,000 was used to construct the Village
Hall.
Library Bonds of 1984
This issue in the amount of $3,100,000 was used to construct an addition
to the library.
Special Service Area Number 1 of 1981
This issue in the amount of $70,000 was used to install a lighting system
in the Swainwood Snbdivison.
Special Service Area Number 2 of 1981
This issue in the amount of $38,000 was used to construct a sanitary
sewer on Woodlawn Drive.
Special Service Area Number 3 of 1981
This issue in the amount of $25,000 was used to construct a water main on
Woodlawn Drive.
Special Service Area Number 4 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, 1984
(See Following Page)
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Fund Descriptions
Village Hall Construction Fund
The Village Hall Construction Fund is used to acconnt for the revenues and
expenditures involved with the coustruction of the new village hall.
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.
VILLAGE OF GLENVIEW, ILLINOIS
PUBLIC WORKS GARAGE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN ~'ONO BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31~ 1984
Budget Actual
Interest Income $ 101,400 $ 41,065
Miscellaneous
2,195
$ 101,400 $ 43,260
Expenditures
Construction Costs . 1,054,400 765,600
Excess (Deficiency) of Revenues
over Expenditures before
Other Financing Sources .~ (953,000) $(722,340)
Other Financing Sources
Operating Transfers In
Corporate Fund $ 150,000 $ 150,000
Revenue Sharing Fund 134,000 134,000
Waterworks and Sewerage Fund - East 91,800 91,800
Waterworks and Sewerage Fund - West 58,200 58,200
$ 434,000 $ 434,000
Excess (Deficiency) of Revenues and
Other Sources over Expenditures $ (519,000) $(288,340)
Fund Balance
January 1, 1984
Residual Equity Transfer In $ 520,360
Village Hall Construction Fund 117,199
Adjusted Balance $ 637~559
December 31, 1984 (Page 63) $ 349,219
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~ 1984
Budget Actual
Reveuues
Miscellaneous $394,004 $396,278
Interest Income 42,000 94,311
$436~004 $490,589
Expenditures
Automobiles $298,000 $265,768
1,000 279
Miscellaneous $299,000 $266,047
Excess of Revenues over Expenditures $137,004 $224,542
Fund Balance 606,557
January 1, 1984
December 31, 1984 (Page 63) $831,099
See accompanying Notes to the Financial Statements.
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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, 1984
Budget Actual
Grants $ 47,092
Interest 68,867
27,000 6,864
Miscellaneous
$
$ 27~000 $ 122,823
Expenditures
Architects Fees $ 227,873
Construction 575,141
Drainage 31,494
Engineering 221,317
Inspection 15,938
Land Acquisition 16,000
Pavement 445,009
Sidewalks 36,902
Trees 32,952
Water Transmission and Distribution 80,597
Miscellaneous 70,466
$ 3,165,000 $ 1,753~689
(Deficiency) of Revenues over Expenditures
Excess
before Other Financing Sources $(3,138,000) $(1,630,866)
Other Financing Sources
Operating Transfers In
Corporate Fund $ 196,000 $ 196,000
Public Library Fund 205,138
Motor Fuel Tax Fund 673,577 330,278
Waterworks and Sewerage Fund - East 645,000 60,000
Waterworks and Sewerage Fund - West 252,000
$ 1,766,577 $ 791,416
Proceeds from Bonds 3~250,000 3,119~458
$ 5,016,577 $ 3~910,874
Excess of Revenues and Other Sources
over Expenditures $ 1,878,577 $ 2,280,008
Fund Balance
January 1, 1984
December 31, 1984 (Page 63)
$,
2,280,008
See accompanying Notes to the Financial Statements.
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ENTERPRISE FUNDS
Fund Descriptions
Waterworks and Sewerage Fund - East
The Water and Sewer Fund - East is used to account for the provision of water and
sewer service to the residents of east Glenview. Ail activity necessary to
provide such services is accoonted for in this fund including, but not limited to
Administration (Director of Development and Public Services), Operation,
Maintenance, Financing and related Debt Service, and Billing and Collection.
Waterworks and Sewerage Fund - West
The Water and Sewer Fond - 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. All activity necessary to provide
such services is accounted for in this fund including, but not limited to,
Administration (Director of Development and Public Services), Operations,
Maintenance, Financing and related Debt Service, and Billing and Collection.
Commuter Parkin~ 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, 1984
(See Following Page)
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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, 198~
Budget Actual
Water Administration
Contractual Professional Services $ 2,000 $ 20,195
Printing, Binding and Publication 50 211
Postage 7,000 4,486
Administrative Charges - General Fund 144,030 144,030
Other Operational Expenses 3,500 3,432
$156,580 $,172,354
Supply and Metering Regular Salaries
Overtime Salaries $ 21,177 $ 22,335
2,615 531
Temporary Salaries 14,600 5,333
Contractual Professional Services 3,300 9,571
Water
680,000 729,553
Maintenance of Buildings 2,000 4,383
Operational Materials and Supplies 12,000 9,995
$735,692 $781,701
Pumping Station
Regular Salaries $ 12,474 $ 7,929
Overtime Salaries 4,177 4,781
Temporary Salaries
200 5
Contractual Professional Services 4,790 2,568
Power and Light
Heating 37,000 59,818
Telephone 5,000 3,474
1,500 1,444
Maintenance of Building 3,000 2,719
Cleaning and Household Supplies 50 49
Maintenance Materials - Equipment 3,000 1,388
Maintenance Materials - Building 800 224
Operating Materials and Supplies 1,400 301
$ 73,391 ~,, 84,700
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - ~AST
OPERATIONS AND MAINTenANCE ACCOUNT
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Distribution System
Regular Salaries $ 75,909 $ 78,869
Overtime Salaries 18,805 15,617
Temporary Salaries 7,200 8,649
Contractual Professional Services 3,300
Maintenance of Equipment 500 271
Maintenance of Buildings 12,000 9,812
Maintenance Materials - Buildings 23,500 26,971
Operating Materials and Supplies 3,500 2~154
$144,714 $142,343
Sewer Operations and Maintenance
Regular Salaries $ 50,477 $ 54,336
1,571 1,602
Overtime Salaries 3,000 2,107
Temporary Salaries
Contractual Professional Services 3,500 8,118
800 1,685
Power and Light 60 60
Rentals 3,000 447
Maintenance of Equipment 2,112
Maintenance Materials - Equipment 6,530 5,227
Operating Materials and Supplies 8,060 8,060
Equipment Replacement 10,300 10,608
Equipment Repairs
$ 87,298 $ 94,362
Overhead $114,298 $104,490
Regular Salaries 207 429
Overtime Salaries 1,800 3,675
Temporary Salaries 1,600 1,600
Longevity Pay 470 445
Dues, Subscriptions and Memberships 75 25
Maintenance of Equipment 2,900 3,437
Rentals 200
Travel Expense 1,000 1,005
Training 3,500 2,722
Uniform Allowance
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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, 1984
Budget Actual
Overhead (Cont.)
Office Supplies $ 650 $ 472
Books, Pamphlets and Materials 150 187
Small Tools and Equipment 3,600 5,834
Equipment Replacement 52,213 52,213
Equipment Repairs 67,573 62,467
Machinery and Equipment 2,450 1,340
$252,686 $240,341
Less Nonoperating Expenses
Machinery and Equipment 2,450 1,340
$250,236 $239,001
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - WEST
STATEMENT OF REVENUES, EXPENSES~ AND CHANGES IN
RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1984
1984 1983
Budget Actual Actual
Operating Revenues
Water and Sewer Charges $1,843,136 $1,977,478 $1,860,606
Water Connection Charges 25,000 56,159 31,093
Water Meters and Remote Readers 8,000 13,392 10,836
Brass Fittings 2,000 2,073 751
Water for Construction 3,000 2,802 1,690
Turn on Charges 2,600 2,096 2,250
Miscellaneous 4,000 2,573 13,746
$1~887,736 $2,056,573 $1,920,972
Operating Expenses (Pages 79-80)
Water Administration $ 399,816 $ 372,940 $ 407,245
Special Projects 43,709
and Metering 484,764 428,326 428,936
Supply
Pumping Station 129,399 114,258 126,882
Distribution System 99,533 68,925 73,230
Depreciation 225,513 216,547
$1,113,512 $1,253,671 ~1,252,840
Operating Income $ 774,224 $ 802,902 $ 668,132
Nonoperating Income (Expenses)
Interest Income $ 2,600
Interest Expense (540,750) $ (529,578) $ (552,562)
$ (538,150) $ (529,578) $ (552~562)
Net Income (Loss) before
Other Financing (Uses) $ 236,074 $ 273,324 $ 115,570
Other Financing (Uses)
Operating Transfers (Out)
Illinois Municipal Retirement Fund $ (12,785) $ (12,785) $ (16,516)
Public Works Garage Fund (58,200) (58,200) (58,200)
Capital Projects Fund (252,000)
$ (322,985) $ (70,985) $ (74,716)
Net Income (Loss) and Other Uses $ (86,911) $ 202,339 $ 40,854
Retained Earnings
January 1 $1,122,190 $ 829,982
Prior Period Adjustment 251,354
Adjusted Balances ~1,122,190 $1,081,336
December 31 (Page 67) $1,324,529 $1,122,190
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, 1984
Budget Actual
Waterworks Administration
Contractual Professional Services $ 3,000 $ 2,685
Postage 7,050 4,510
Computer Supplies 3,500 792
Administrative Charges
General Fund 177,262 177,262
Waterworks and Sewerage Fund - East 185,350 185,350
Other Operating Expenses 23,654 2,341
$ 399,816 $ 372,940
Special Projects
Phingsten/Linneman' $ 25,845
East Side Transmission Main 17,864
- $ 43,709
Supply and Metering
Regular Salaries $ 13,538 $ 15,098
Overtime Salaries 526 746
Temporary Salaries 10,400 1,950
Contractual Professional Services 3,300
Water 440,000 398,629
Maintenance of Buildings 2,000 541
Operating Materials and Supplies 15,000 11,362
$ 484,764 $ 428,326
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - WEST
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL (CONT.)
FOR THE YEAR ENDED DECEMBER 31~ 1984
Budget Actual
Pumping Station
Regular Salaries $ 21,177 $ 11,712
Overtime Salaries 4,384 4~673
Temporary Salaries 200 43
Contractual Professional Services 5,120 4,036
Power and Light 82,000 81,624
Heating 2,070 1,151
Telephone 1,875 660
Maintenance of Buildings 3,523 8,940
Cleaning and Household Supplies 50 13
Maintenance Materials - Equipment 6,000 1,060
Maintenance Materials - Buildings 1,200 (540)
Operating Materials and Supplies 1,800 886
$129,399 $114,258
Distribution System
$ 43,805 $ 32,092
Regular
Salaries
Overtime Salaries 14,628 4,742
Temporary Salaries 4,300 3,027
Contractual Professional Service 3,300 2,708
Machinery and Equipment 7,500 10,286
Maintenance of Equipment 500
Maintenance of Buildings 12,000 4,362
Maintenance Materials - Building 17,500 19,168
Operating Materials and Supplies 3,500 2,826
$107,033 ~'" 79,211
Less Nonoperating Expenses
Fixed Assets Capitalized 7,500 10,286
$ 99,533 $ 68,925
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, 1984
1984 1983
Budset Actual Actual
Revenues
Meter Fees $ 7,500 $ 10,066 $ 5,566
Parking Decals 47,000 51,426 45,865
$54,500 $ 61,492 $ 51,431
Operating Expenses
Contractual and Professional Services $35,200 $ 33,247 $ 31,601
Maintenance Materials 135
Operational Materials 1,300 2,026 659
Amortization 5,289 5,289.
$36,500 $ 40,562 $ 37,684
Operating Income $18,000 $ 20,930 $ 13,747
Nonoperating Income
Interest 19,000 24,501 15,350
Net Income $37,000 $ 45,431 $ 29,097
Retained Earnings
January 1 254,712 225,615
December 31 (Page 67) $300,143 $254,712
See accompanying Notes to the Financial Statements.
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Fund Descriptions
Emergency Dispatch Center Fund
The Emergency Dispatch Center Fund is used to account for the resources involved in
dispatching fire and medical emergency services.
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.
I~i~AL SERVICE FUNDS
Cf~BINING ~ OF ~NUES, EXPM~ES, ~
~~~31, 19~
~rgen~ ~ci~l
~s~tch ~ui~nt Totals
~nt~ F~ ~ir ~ 19~ 1983
~rati~ ~s
~es for ~ices $316,5~ $2~,477 $713,071 ~87,116
~ ~ell~ 2 ~ 743 3,792 6,535 12,2~
$319,337 $3~,269 $719,6~ $6~,~
~rat~ ~
~nistrat~ $282,~5 $2~,~5 $2~,705
~ati~ $365,197 365,197 353,397
$282 ,~5 $365,197 $~7, ~2 $6~, 102
~rati~ ~ $ 36,8~ $ 35,072 $ 71,9~ $ 75,2~
~rati~ ~e~s
Inter~t Inc~ 3,355 2,020 5,375 5~620
~t ~ ~f~e ~ ~i~i~ (~) ~ ~,267 ~ 37,092 $ 77,339 ~ ~,8~
~ati~ ~fer~ (~t)
~li~is ~ici~ ~tir~nt ~
(27,~7) (27,507) (25,9~)
~t ~ ~ ~h~ U~
$ 12,7~ $ 37,092 $ 49,832 $ ~,914
~1,829 (18,561) 23,2~ (31~)
~r 31 (P~e 8~
~ ~,569 ~ 18,531 ~ 73,1~ ~ ~,2~
VILLAGE OF GLENVIEW, ILLINOIS
EMERGENCY DISPATCH CENTER FUND
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31~ 1984
Budget Actual
Operating Revenues
Charges for Services $316,211 $316,594
Miscellaneous 2,743
$316,211 $319,337
Operating Expenses (Page 86) 285,704 282,445
Operating Income $ 30,507 $ 36,892
Nonoperating Revenues
Interest Income 2,900 3,355
Net Income before Other Financing (Uses) $ 33,407 $ 40,247
Other Financing (Uses)
Operating Transfers'(Out)
Illinois Municipal Retirement Fund (27,507) (27,507)
Net Income and Other Uses $ 5,900 $ 12,740
Retained Earnings
January 1, 1984 41,829
December 31, 1984 (Page 84) $ 54,569
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
EMERGENCY DISPATCH CENTER FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Regular Salaries $177,384 $177,345
Overtime Salaries 18,535 18,436
Holiday Pay 7,290 7,151
Longevity Pay 400 400
Contractual Professional Services 5,000 4,295
Printing, Binding and Publication 2,000 87
Postage 300 72
Telephone 24,100 23,490
Maintenance of Equipment 9,737 7,687
Rentals 16,692
17,185
Travel Expense 400 60
Uniform Allowance 1,300 1,300
Office Supplies 500 450
Books, Pamphlets and Materials 400 413
Operational Materials and Supplies 550 94
Furniture and Fixtures 58
Administration 12,529 19,029
Machinery and Equipment 5,962 3,178
Transfer to Other Funds 27,507 27,507
Miscellaneous 2,625 1,715
$313,211 $309,952
Less Nonoperating Expenses
Transfer to Other Funds (27,507) (27,507)
$285,704 $282,445
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, 1984
Budget Actual
Operating Revenues
Charges for Services $398,578 $396,477
Miscellaneous 3,792
$398,578 $400,269
Operating Expenses (Page 88) 398,501 365,197
Operating Income $ 77 $ 35,072
Nonoperating Revenues
Interest Income 2,020
Net Income $ 77 $ 37,092
Retained Earnings
January 1, 1984 (18,561)
December 31, 1984 (Page 82) $ 18,531
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW~ ILLINOIS
MUNICIPAL EQUIPMENT REPAIR FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Rmgular Salaries $115,652 $ 93,778
Overtime Salaries 2,399 1,311
Temporary Salaries 7,000 4,280
Contractual Professional Services 5,000 4,833
Maintenance of Equipment 22,600 25,830
Maintenance of Buildings 2,000 2,044
Uniform Allowance 2,400 2,315
Fuel 140,000 121,697
Motor Vehicle Supplies 20,500 27,730
Cleaning and Household Supplies 850 2,686
Maintenance Materials - Equipment 50,000 63,146
Maintenance Materials - Buildings 3,500 4,739
Small Tools and Equipment 2,000 2,819
Equipment Replacement 4,100 4,100
Other Maintenance 20,500 3,889
$398,501 $365,197
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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 or
the residents portion of the cost of the 50-50 tree planting program.
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.
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VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
PENSION TRUST FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1984
Police Firemen's
Pension Pension Totals
Fund Fund 1984 1983
Cash Was Provided By
Operations
Net Income $ 774,728 $ 713,677 $1,488,405 $1,341,970
Decrease in Current Assets 56,543
Prior Period Adjustments 404,740 248,913 653,653
$1,179,468 $ 962,590 $2,142,058 $1~398,513
Cash Was Used To
Increase Current Assets $ 77,576 $ 52,759 $ 130,335 $ 10,856
Decrease Current Liabilities 400,728 248,913 649,641 123,975
$ 478~304 $ 301,672 $ 779,976 $ 134,831
Net Increase $ 701,164 $ 660,918 $1,362,082 $1,263,682
Cash and Investments
January 1 3,498~131 2,853,775 6,351,906 5,088,224
December 31 (Page 89) $4,199,295 $3,514,693 $7,713,988 $6,351,906
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
POLICE PENSION FUND
STATEMENT OF REVENUES~ EXPENSES,
AND CHAiqGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1984
Budget Actual
Revenues
Property Taxes - Current $400,970 $ 451,271
Property Taxes - Prior 9,343
Replacement Taxes 10,100 17,698
Employees' Contributions 136,700 139,145
Interest Income 305,000 406,152
Other 16~711
$852~770 $1,040,320
Expenses
Pensions and Refunds $256,242 $ 264,787
Other Operating Expenses 800 805
$257,042 $ 265,592
Net Income $595,728 $ 774,728
Fund Balance
January 1, 1984 4,015,165
December 31, 1984 (Page 89) $4,789~893
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, 1984
Budget Actual
Revenues
Property Taxes - Current $246,595 $ 287,406
Property Taxes - Prior 6,414
Replacement Taxes 7,100 11,147
Employees' Contributions 90,900 92,126
Interest Income 283,500 347,834
Foreign Fire Insurance Tax 21,000 19,514
Other 11,734 12,258
$660,829 $ 776,699
Expenses
Pensions $256,242 $ 62,397
Other Operating Expenses 200 625
$256,442 $ 63,022
Net Income $404,387 $ 713,677
Fund Balance
January 1, 1984 3,208,425
December 31, 1984 (Page 89) $3,922,102
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31, 1984
1984 1983
GENERAL FIXED ASSETS
Land $ 1,981,758 $ 1,981,758
Buildings and Improvements 8,267,869 6,442,110
Construction in Progress 1,278,852
Equipment 3,311,487 3,099,083
Furniture 517,276 509,228
Office Equipment 229,817 229,817
$14,308,207 $13,540,848
INVESTMENT IN GENERAL FIXED ASSETS
General Revenues $11,958,207 $11,190,848
Bond Issues 2,350,000 2,350,000
$14,308,207 $13,540,848
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
DECEMBER 31, 1984
January 1, December 31,
1984 Additions Deletions 1984
Function and Activity
General Government
Executive $ 64,166 $ 64,166
Administrative 1,484,321 $ 450 1,484,771
Finance 653,141 4,072 657,213
Building and Grounds 128~336 128,336
Total General Government $ 2,329,964 $ 4,522 - $ 2,334,486
Public Safety
Police $ 2,416,463 $114,236 $85,293 $ 2,445,406
Fire 1,561,753 9~078 1,570,831
Total Public Safety $ 3,978,216 $123,314 $85,293 $ 4,016,237
Public Works
Administration $ 1,278,852 $555,211 $ 1,834,063
Building Division 840,542 840,542
Engineering 321,444 321,444
Street Division 2,474,105 165,781 $ 9,588 2,630,298
Equipment and Supplies
Division 775,981 6,041 782,022
Total Public Works $ 5,690,924 $727,033 $ 9,588 $ 6,408,369
Culture and Recreation
Administration $ 1,541,744 $ 7,371 - $ 1,549,115
Total Fixed Assets $13,540,848 $862,240 $94,881 $14,308,207
SUPPLEMENTARY DATA
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VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1984
Interest Maturity
Fund Rate Date
Trust and Agency (Cont.)
Firemem's Pension
Glenview State Bank 7.800 3/26/85 $300,000
Cragin Federal Savings
and Loan 10.125 01/15/85 100,000
U.S. Treasury Bonds 9.500 06/10/85 118,348
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 08/15/93 606,000
8.500 5/15/99 134,393
8.375 8/15/00 145,945
Government National
Mortgage Association 7.500 3/15/07 478~240 3,464,455 8,138,363
$14,463,177
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
WAUKEGAN ROAD SANITARY DISTRICT
GENERAL OBLIGATION SANITARY SEWER BONDS OF 1968
DECEMBER 31, 1984
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. 1 Amount
1985 $ 5,000 $356 $ 5,356 1985 $178 1985 $178
1986 5,000 119 5,119 1985 60 1986 59
$10,000 $475 $10,475 $238 $237
This issue was assumed by the Village during 1980.
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERMDEBT REQUIREMENTS
POLICE ADMINISTRATION BUILDING BONDS OF 1972
DECEMBER 31, 1984
Date of Issue December 1, 1972
Date of Maturity January 1, 1990
Authorized Issue $1,400,000
Actual Issue $1,400,000
Denomination of Bonds $5,000
Interest Rate Bonds 1-280 - 4-1/2%
Interest Dates July 1 and January 1
Principal Maturity Date January 1
Payable at Northern Trust
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Numbers Principal Interest Total July 1 Amount Jan. 1 Amount
1985 1984 167-190 $120,000 $ 27,225 $147,225 1985 $13,612 1986 $13,613
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
$570,000 $ 78,887 $648,887 $39,442 $39,445
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERMDEBT REQUIREMENTS
SPECIAL SERVICEDEcEMBERAREA31,#1 1984BONDS OF 1980
Date of Issue July 31, 1980
Date of Maturity July 31, 1990
Authorized Issue $70,000
Denomination of Bonds $1,000
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 Numbers Principal Interest Total July 31 Amount Jan. 31 Amount
1984 1983 $1,260 $ 1,260 1985 $1,260
1985 1984 29-35 $ 7,000 2,310 9,310 1985 $1,260 1986 1,050
1986 t985 36-42 7,000 1,890 8,890 1986 1,050 1987 840
1987 1986 43-49 7,000 1,470 8,470 1987 840 1988 630
1988 1987 50-56 7,000 1,050 8,050 1988 630 1989 420
1989 1988 57-63 7,000 630 7,630 1989 420 1990 210
1990 1989 64-72 7,000 210 7,210 1990 210
$42,000 $8,820 $50,820 $4,410 $4,410
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERMDEBT REQUIREMENTS
SPECIAL SERVICE AREA #2 BOND OF 1981 DECEMBER 31, 1984
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
1985 1984 $ 1,776 $ 2,754 $ 4,530
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
$32,829 $19,260 $52,089
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #3 BOND OF 1982
DECEMBER 31, 1984
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
1985 1984 $ 1,168 $ 1,812 $ 2,980
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
$21,599 $12,670 $34,269
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #4 BOND OF 1982
DECEMBER 31, 1984
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
1985 1984 $ 6,407 $ 7,431 $ 13,838
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
$84,133 $40,407 $124,540
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1976
DECEMBER 31, 1984
Date of Issue September 1, 1976
Date of Maturity January 1, 1986
Authorized Issue $385,000
Actual Issue $385,000
Denomination of Bonds 1 to 77 - $5,000
Interest Rate Bonds 1 to 12 - 4.90%
Bonds 13 to 47 - 4.60%
Bonds 48 to 67 - 4.80%
Bonds 68 to 77 ~ 4.90%
Interest Dates January 1 and July 1
Principal Maturity Date January 1
Payable at The Northern Trust Company,
Chicago, Illinois
Year CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Ended Bond Coupons Due on
Dec. 31 Numbers Principal Interest Total July 1 Amount Jan. 1 Amount
1985 68-77 $50,000 $2,450 $52,450 1985 $1,225 1986 $1,225
Note: The principal and interest will be paid by Waterworks and Sewerage Fund - East.
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VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1984
(See Following Page)
VILLAGE OF GLENVIEW, ILLINOIS
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
DECEMBER 31, 1984
Ratio of Total
Assessed Value to
Tax Levy Assessed Estimated Actual Total Estimated
Year Value Value Actual Value
1975 $158,959,581 $ 476,878,743 .333
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 *425,000,000 1,276,000,000 .333
*Estimated by the Village of Glenview Finance Department
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VILLAGE OF GLENVIEW, ILLINOIS
SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1984
Current Total
Fiscal Assessments Outstanding
Year Collected Assessments
1976 38,472 60,483
1977 16,045 44,438
1978 12,452 31,986
1979 12,492 19,494
1) 1979 3,649 15,845
1980 2,924 12,921
1981 3,649 9,272
1982 9,272 -
1983 - -
1984 -
1) Reflects change in fiscal year from April 30 to December 31.
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VILLAGE OF GLENVIEW~ ILLINOIS
STATEMENT OF LEGAL DEBT MARGIN DECEMBER 31, 1984
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.
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L~ST 1~ FISCAL YEARS
~ 31~ 1984
(3) (4)
(2) Direct Net P~v~ue (5)
Fiscal Operating Operating Available for Debt Service R~iremants
Year Revenues Ex?enses Debt Service Principal Interest Total Coverage
1975 $ 705,578 $ 674,015 $ 31,563 $ 45,000 $ 25,083 $ 70,083 .46
1976 762,331 660,583 101,748 45,000 23,620 68,620 1.48
1977 1,143,916 958,619 185,297 70,000 46,478 116,478 .63
1978 1,549,318 1,Z~3,031 66,287 45,000 39,765 84,765 .79
1979 2,430,218 1,466,889 963,329 240,000 250,175 490,175 1.96
(1) 1979 1,738,736 1,198,435 540,301 190,000 247,428 437,428 1.24
1980 4,057,i95 2,315,595 1,741,600 340,000 644,905 984,905 1.77
1981 2,919,651 1,731,804 1,187,847 420,000 638,678 1,058,678 1.12
1982 2,987,888 2,326,868 661,020 455,000 598,923 1,053,~3 .63
1983 3,380,913 2,122,910 1,258,003 455,000 571,127 1,026,127 1.23
(6) 1984
(1) Raflects operations for e~ht months due to change in fiscal y~ar from April 30 to Decs~ber 31.
(2)As defined in applicable bond indent~es and governing lm4s, revenues include operating revenues
of the Waterworks and Sewerage Fund - East and Waterworks and Sewerage Fund - Wast.
(3) Per bond ordinance requiremm~ts, direct operating expenses ieclnde operating e~penses less
depreciation less the scmual transfer to the Corporate Fund for a~n~nistrative overhead.
(4) Operating revenues ~rns direct operating expenses.
(5) Net rev~m]e available for debt service divided by total debt require~nts.
(6) 1he Village of Glenview has no outstanding revenue bonds as of December 31, 1984.
Oa A~gust 21, 1984 the Village ~oard adopted Ordinance ~2582 defeasing the r~naining revenue bonds.
126 m
VILLAGE OF GLENVIEW, ILLINOIS {
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS {
DECEMBER 31, 1984
(1) {
Education
(1) Level In (2)
Per (1) Years of School (3)
Fiscal (1) Capita Median Formal Enroll- Unemploy- {
Year Population Income Age Schooling ment ment
1975 30,552 8,973 30.1 14.9 3,788 3.9 {
1976 30,853 9,758 30.3 15.0 3,723 3.4
1977 31,154 10,544 30.3 15.1 3,472 3.6
1978 31,455 11,387 30.7 15.1 3,269 3.6
1979 31,756 12,298 31.5 15.2 3,144 3.3 {
1980 32,060 13,832 33.5 15.3 3,003 2.5
1981 32,200 14,113 33.5 15.3 2,916 5.5
1982 33,131 14,785 33.1 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
(1) U.S. Department of Commerce, Bureau of the Census, 1980 date based {
on the actual count, 1975 based on a Special Census; other years
estimated by the Glenview Planning Department.
(2) Glenview School District #34 actual count. I
(3) Illinois Department of Labor, Research Division. Figures for 1975
to 1982 are actual; other years estimated from statewide averages. {
127
129
VILLAGE OF GLEN-VIEW, ILLINOIS
MISCELLANEOUS STATISTICS
DECEMBER 31, 1984
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
· Estimated By Village of Glenview Planning Department
Number of Total Housing Units (1980 Census) 10,997
Median Value Owner occupied Noncondominium Housing Units 111,900
of Owner - Occupied
Distribution
Noncondominium Housing Units by Value
Unit Value by Range 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%
Median Contract Rent - Renter occupied Housing Units $350
Annual Gross Retail Sales (1984) $216,143,989
130
VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS DECEMBER 31, 1984
Fire Protection
Number of Firemen 39
Number of Stations 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 135,370
Number of Registered Borrowers 26,273
1984 Book Circulation 356,327
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 6,618 1,173
Number of metered water customers
at December 31, 1984 7,232 4,816
Number of unmetered water customers
at December 31, 1984
Gallons of water purchased during
fiscal year 1,329,772,000 721,307,000
Gallons of water billed during
fiscal year 1,037,654,000 717,851,000
Water Storage Capacity
Ground Storage 8,500,000 Gallons
Elevated Storage 1,000,000 Gallons
131
VILLAGE OF GLENVIEW~ ILLINOIS
MUNICIPAL SERVICES AND FACILITIES
DECEMBER 31, 1984
Number of Full Time Employees (on December 31, 1984) 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
Number of Village owned Street Lights 66
Building Activity
Number of Permits Issued in 1984 753
Value of Construction Authorized in i984 $25,078,080
° !
4-1
133
VILLAGE OF GLENVIEW, ILLINOIS
SALARIES AND SURETY BONDS
OF PRINCIPAL OFFICIALS
DECEMBER 31, 1984
Annual Amount of
Salary Surety Bond
Village President $ 1,200 $250 000
Village Trustees 300 250 000
Village Treasurer - 250 000
Village Manager 58,000 250.000
Village Clerk 900 250.000
Finance Director 47,400 250.000
Purchasing Agent 29,052 250 000
Accountant 25,140 250 000
Assistant Village Manager 36,800 250 000
Assistant to the Village Manager 26,844 250,000
Police Chief 46,200 250,000
Deputy Police Chief 40,908 250,000
Police Commander 37,968 250,000
Fire Marshal 47,200 250,000
Administrative Assistant to
the Fire Marshal 38,820 250,000
Fire Captain 38,820 250,000
Director of Development
and Public Services 51,000 250,000
Administrative Assistant to Director of
Development and Public Services 31,932 250,000
Community Development Planner 30,000 250,000
Engineering Administrator 42,180 250,000
Public Works Superintendent 38,436 250,000
Director of Building and Zoning 42,180 250,000
Water Distribution Superintendent 38,436 250,000
Head Librarian 45,500 250,000