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HomeMy Public PortalAbout1983 Comprehensive Annual Financial ReportCOMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED DECEMBER 31, 1983 PREPARED BY DENNIS M. LAUER FINANCE DIRECTOR VILLAGE OF GLENVIEW 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 Director of Finance's Letter of Transmittal I-VIII FINANCIAL SECTION 1-2 AUDITORS' REPORT ON THE FINANCIAL STATEMENTS COMBINED STATEMENTS - OVERVIEW ("Liftable" General Purpose Financial Statements) Combined Balance Sheet - Ail Fund Types and Account Groups 3 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - All Governmental and Fiduciary (Expendable Trust) Fund Types 4 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General, Special Revenue, Debt Service, and Capital Projects Fund Types 5 Combined Statement of Revenues, Expenses, and Changes in Retained Earnings/Fund Balances - All Proprietary and Fiduciary (Pension Trust) Fund Types 6 Combined Statement of Changes in Financial Position - Ail Proprietary and Fiduciary (Pension Trust) Fund Types 7 Notes to the Financial Statements 8-36 COMBINING AND INDIVIDUAL FUNDS FINANCIAL STATEMENTS 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.) GOVERNMENTAL FUND TYPES (CONT.) GENERAL FUND (CONT.) CORPORATE FUND (CONT.) Supplemental Statements Statement of Revenues - Budget and Actual 39 Statement of Expenditures - Budget and Actual 40-51 SPECIAL REVENUE FUNDS Ail Funds Financial Statements Combining Balance Sheet 52 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 53 Library Fund Financial Statements Balance Sheet (See P. 52) Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 54 Supplement al St atements Statement of Expenditures - Budget and Actual 55 Federal Revenue Sharing Fund Financial Statements Balance Sheet (See P. 52) Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 56 Illinois Municipal Retirement Fund Financial Statements Balance Sheet (See P. 52) Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 57 Motor Fuel Tax Fund Financial Statements Balance Sheet (See P. 52) Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 58 TABLE OF CONTENTS (CONT.) PAGE FINANCIAL SECTION (CONT.) GOVERNMENTAL FUND TYPES (CONT.) DEBT SERVICE FUNDS Ail Funds Financial Statements Combining Balance Sheet 59 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual 60 Supplemental Statement Combining Statement of Revenues and Expenditures - Budget and Actual 61 CAPITAL PROJECTS FUNDS All Funds Financial Statements Combining Balance Sheet 62 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual 63 Village Hall Construction Fund Financial Statements Balance Sheet (See P. 62) Statement of Revenues, Expenditures, and Changes in Fund Balance (See P. 63) Public Works Garage Fund Financial Statements Balance Sheet (See P. 62) Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 64 Capital Equipment Replacement Fund Financial Statements Balance Sheet (See P. 62) Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 65 TABLE OF CONTENTS (CONT.) PAGE FINANCIAL SECTION (CONT.) GOVERNMENTAL FUND TYPES (CONT.) CAPITAL PROJECTS FUNDS (CONT.) Service Area No. 4 Fund Special Financial Statements Balance Sheet (See P. 62) Statement of Revenues, Expenditures, and Changes in Fund Balance (See P. 63) PROPRIETARY FUND TYPES ENTERPRISE FUNDS All Funds Financial Statements Combining Balance Sheet 66 Combining Statement of Revenues, Expenses, and Retained Earnings - Unreserved 67 Changes in Combining Statement of Changes in Financial Posit ion 68 Waterworks and Sewerage Fund - East Financial Statements Balance Sheet 69 Statement of Changes in Retained Earnings - Reserved - Restricted Accounts 70 Statement of Revenues, Expenses, and Changes in Retained Earnings - Unreserved - Budget and Actual 71 Statement of Changes in Financial Position (See P. 68) Supplemental Statements Statement of Fixed Assets and Depreciation 72 Statement of Operating Expenses - Budget and Actual 73-75 Waterworks and Sewerage Fund - West Financial Statements Sheet (See P. 66) Balance Statement of Revenues, Expenses, and Changes in Retained Earnings - Unreserved - Budget and Actual 76 Statement of Changes in Financial Position (See P. 68) Supplemental Statements Statement of Fixed Assets and Depreciation 77 - Budget and Actual 78-79 Statement of Operating Expenses TABLE OF CONTENTS (CONT.) PAGE FINANCIAL SECTION (CONT.) PROPRIETARY FUND TYPES (CONT.) ENTERPRISE FUNDS (CONT.) Commuter Parking Lot Fund Financial Statements Balance Sheet (See P. 66) Statement of Revenues, Expenses, and Changes in Retained Earnings - Budget and Actual 80 Statement of Changes in Financial Position (See P. 68) INTERNAL SERVICE FUNDS Ail Funds Financial Statements Combining Balance Sheet 81 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings 82 Combining Statement of Changes in Financial Position 83 Regional Emergency Dispatch Center Fund Financial Statements Balance Sheet (See P. 81) Statement of Revenues, Expenses, and Changes in Retained Earnings - Budget and Actual 84 Statement of Changes in Financial Position (See P. 83) Supplemental Statement Statement of Operating Expenses - Budget and Actual 85 Municipal Equipment Repair Fund Financial Statements Balance Sheet (See P. 81) Statement of Revenues, Expenses, and Changes in Retained Earnings - Budget and Actual 86 Statement of Changes in Financial Position (See P. 83) Supplemental Statement Statement of Operating Expenses - Budget and Actual 87 TABLE OF CONTENTS (CONT.) PAGE FINANCIAL SECTION (CONT.) FIDUCIARY FUND TYPES TRUST AND AGENCY FUNDS All Funds Financial Statements Combining Balance Sheet 88 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Expendable Trust Funds) 89 Combining Statement of Revenues, Expenses, and Changes in Fund Balances (Pension Trust Funds) 90 Combining Statement of Changes in Financial Position (Pension Trust Funds) 91 Expendable Trust Funds Escrow Deposit Fund Financial Statements Balance Sheet (See P. 88) Statement of Revenues, Expenditures, and Changes in Fund Balance (See P. 89) Deposit Fund Financial Statements Balance Sheet (See P. 88) Statement of Revenues, Expenditures, and Changes in Fund Balance (See P. 89) Pension Trust Funds Police Pension Fund Financial Statements Balance Sheet (See P. 88) Statement of Revenues, Expenses, and Changes in Fund Balance - Budget and Actual 92 Statement of Changes in Financial Position (See P. 91) Firemen's Pension Fund Financial Statement s Balance Sheet (See P. 88) Statement of Revenues, Expenses, and 93 Changes in Fund Balance - Budget and Actual Statement of Changes in Financial Position (See P. 91) TABLE OF CONTENTS (CONT.) PAGE FINANCIAL SECTION (CONT.) ACCOUNT GROUPS GENERAL FIXED ASSETS ACCOUNT GROUP Financial Statements Statement of General Fixed Assets - By Source 94 Supplemental Statements Statement of General Fixed Assets - By Function and Activity 95 Statement of Changes in General Fixed Assets - By Function and Activity 96 GENERAL LONG-TERM DEBT ACCOUNT GROUP Financial Statements Statement of General Long-Term Debt 97 SUPPLEMENTAL DATA Combined Statement of Cash and Investments 98 Combined Statement of Other Investments 99-102 Statement of Insurance in 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 Special Service Area #1 Bonds of 1980 107 Special Service Area #2 Bond of 1981 108 Special Service Area #3 Bond of 1981 109 Special Service Area #4 Bond of 1982 110 Corporate Purpose Bond Series of 1976 111 Corporate Purpose Bond Series of 1977 112 Corporate Purpose Bond Series of 1979 113 Waterworks and Sewerage Revenue Bond Series of 1964 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 - All 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 Expenditures - Last Ten Fiscal Years 124 Statement of Revenue Bond Coverage - Last Ten Fiscal Years 125 Salaries and Surety Bonds of Principal Officials 126 Demographic Statistics 127 Property Value, Construction and Bank Deposits - Last Ten Fiscal Years 128 Principal Taxpayers 129 Municipal Services and Facilities 130 Miscellaneous Statistics 131-132 Ten Wealthiest Illinois Communities - 1980 Census 133 I I I I I I I I ! I Introductory Section I I I I I I I I I VTT,TAGE OF ~.~,~.W, ~.T.TNOIS PRINCIPAL DECE~ER 31, 1983 VTT.TA~ BOARD OF TRU$%'~:~.'S Thc~as E. Smith, President Scott J. Helton Delia Brady Stowe Ronald V. Norene Bobert O. Pohl James W. Smirles Jane, s M. Weiss Katherine G. Appert, Clerk Paul T. McCarthy, Village Manager Dennis M. Lauer, Director of Finance Mary L. P~hel, Village Accountant I Chart of Elected and Appointed Offictals~ ~ mm Elected by Vamrs ~ Jg('}{I I~l~ ACpolnted ~ ~llage President with concurrence ~t g~rd of Tr~ i Of licit Trust. Atto~y ~ M~' Appe~ranc~ C~mm~ssJon P~tic~ P~nsion ~oard ~re ~d Pal~ C~mm~ss~n Certificate of Conformance in Financial Reporting Presented to Village of Glenview, Illinois For its Comprehensive Annual Financial Report for the Fiscal Year Ended December 31, 1982 A Certificate of Conformance in Financial Reporting is presented by the Municipal Finance Officer~ Association of the United -States and Canada to governmental units and public employee retirement systems whose comprehensive annual financial reports (CAFR's) are judged to substantially conform to program standards. President Executive Director C LEnVlELU TELEPHONE 1225 WAUKEGAN ROAD 724-t700 GLENVIEW, ILLINOIS 60025-3071 February 16, 1984 Honorable President and Members of the Board of Trustees Village of Glenview Gentlemen: In accordance with state statutes and local regulation, I hereby transmit the comprehensive annual financial report of the Village of Glenview as of December 31, 1983 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 by Director in his accompanying letter discussed the Finance 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 Municipal Finance Officers Association of the United States and Canada. The Municipal 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 National Council on Governmental Accounting. It is my belief that the accompanying financial report meets the program standards and it will be submitted to the Municipal Finance Officers Association for review. The Village of Glenview presently holds a certificate of conformance for the comprehensive annual financial report dated December 31, 1982. iv In accordance with the above mentioned guidelines, the accompanying report consists of three parts: 1. Introductory section, including the Finance Director's letter of transmittal 2. Financial section, including the financial statements and supplemental data of the government accompanied by our independent auditor's opinion 3. Statistical section, including a number of tables of unaudited data depicting the financial history of the Village for the past ten years, information on overlapping governments, and demographic and other miscellaneous information State law required that the financial statements of the Village of Glenview be audited b? a certified public accountant selected by the Board. This requirement has been complied with, and our auditor's opinion is included in the financial section of this report. Of concern to the Village of Glenview, as well as all sectors of the economy, is the impact of inflation on our budget. Presently our revenues are strong in all areas except the Waterworks and Sewerage Fund-East. However, our revenue 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 responsibility of evaluating and reporting on the financial condition of the Village. of.this financf'al report could not The preparation annual have been accomplished without the dedicated effort of Dennis Lauer and his entire staff.. Their efforts over the past years toward upgrading the a~counting and financial reporting systems of the Village of Glenview have continued to improve the quality of the information being reported to the Board of Trustees, state oversight boards and the citizens of Glenview. Respectfully submitted, Paul T. McCarthy ~ Village Manager February 16, 1984 L6nvIEW TELEPHONE 1225 WAUKEGAN ROAD 724-1700 GLEN~EW, ~LLINOIS 6~25-~71 G February 16, 1984 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, 1983 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 necessary to enable the reader to gain the maximum of the financial affairs understanding Village's 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 assets. 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. I 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 are reported as reser,¥ations of fund balance at December 31, 1983. cOw 9 The Reporting Entity and Its Services / This report includes all of the funds and account groups of (the Village. It includes all activities considered by the ..... urea ........ u~ 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." The Village of Glenview provides the full range of municipal services as required by state statute, charter or local government officials. This includes public safety (police and fire), highways and streets, sanitation, health and social services, water utility service, public improvements, planning and zoning, and general administrative services. General Governmental Functions Revenues for General, Special Revenue and Debt Service Fund purposes totaled $9,771,900 in 1983, an increase of 4.3 percent over 1982. Taxes produced 72.1 percent of general revenues compared to 69.3 percent last year. The amount of revenues from various sources and the change from last year are shown in the following tabulation: 1983 REVENUE Increase Percent (decrease) Revenue Source Amount of total from 1982 Ta~'es '' $~ ~ Service charges 392,789 4.0 38,284 Licenses and permits 612,255 6.3 23,547 Intergovernmental rev. 630,552 6.5 (88,908) Fines and forfeits 242,261 2.5 24,968 Other revenues $ 844,73.~. 8.6 ($152,489) Total $ 9,771,900 100% $402,919 II The 1983 assessed valuation estimate of $352 million represents an increase of 1.6 percent over the preceding year actual assessed valuation. The current year's (1982) collection was 97.1% of the 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 preceding levy years are as 1983 and the three follows (amounts per $100/assessed value): Purpose 1983' 1982 1981 1980 General Fund .27 ~ .30 .34 Special Revenue Funds .26 .31 .30 .31 General Obligation Debt .09 .07 .09 .11 Pension Trust Funds ...~..~. .20 .17 .14 Total tax rate $0.81 $0.86 $0.86 $0.90 *Estimated The main reason for the large decline in the 1983 tax rate, compared to the prior year, is a decrease in the taxes required for all three pension funds. 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 $10,424,131, an increase of 16.4 percent over 1982. Increases in levels of expenditures for major functions of the Village over the preceding year are shown in the following tabulation: 1983 EXPENDITURES Increase Percent (decrease) Function Amount of total from 1982 General government $1,433,213 ~ $ 67,019 Public safety 4,025,771 38.6 335,987 Highways and streets 3,291,242 31.6 933,273 Welfare 668,882 6.4 30,899 Culture-recreation 730,123 7.0 94,080 Debt service 274,900 2.6 10,30..~ Total $10,424,131 100% $1,471,564 III Expenditures for highways and streets show an increase of $933,273 over fiscal 1982, the largest increase for any classification of expenditures. This classification includes costs of constructing and maintaining streets an~ parkways in the Village. These expenditures are accumulated in both the Corporate Fund and Motor Fual Tax Fund. Debt Administration The ratio of bonded debt assessed valuation and the net to 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 at th~ end of the 1983 fiscal year is as follows: Outstanding General qbligation Bonds by Issue Police Administration Building Bonds, 1972 $ 685,0~0 Corporate Purpose Bonds, 1976 1~0,000 Corporate Purpose Bonds, 1977 3,725,000 Corporate Purpose Bonds, 1979 5,075,000 Municipal Building Bonds, 1979 800,000 Waukegan Road Sanitary District Bonds 14,000 Special Service Area ~1 Bonds 49,000 Special Service Area ~2 Bonds 34,463 Special Service Area #3 Bonds 22,674 Special Service Area ~4 Bonds 90,000 Total Outstanding General Obligation Bonds December 31, 1983 $10,595,137 Ratio of debt to Debt per Amount assessed value * capita Total G.O. bonded debt $10,595,137 3.01% $319.80 · Estimated 1983 assessed valuation IV Outstanding general obligation debt at December 31, 1983 totaled $10,595,137 as shown above. However, $8,900,000 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 $1,209,411 .34% $36.50 (Net of $289,589 Debt Service Monies Available) 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. 1983 1982 1981 General obligation bonds Aa Aa Aa Revenue bonds <~ Aa Aa Cash Management Cash temporarily idle during the year was invested in savings 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, 1983, was 9.13 percent. All of the investments held as of December 31, 1983 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 Assets Account Group. V 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, 1983, the general fixed assets of the Village amounted to $11,999.104. This amount represents the original cost of the assets and is considerably less than their present value. Depreciation 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 gained some strength in fiscal year 1983. This fund experienced an operating income of $41,474 exclusive of depreciation, and the bond coverage increased to $1.40. A complete analysis of this fund will be submitted to the Board along with a recommendation for a rate increase in mid 1984. 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 $884,679 and an increase in bond coverage to $1.20. The reserves in this fund as of December 31, 1983 are adequate to properly administer this fund. BOND COVERAGE East Fund West Fund 1983 1982 1983 1982 Operating revenue $1,459,941 1,272,393 1,920,972 1,715,495 *Operating income(Loss) 41,474 (251,162) 884,679 579,517 **Income avail- able for debt service 173,424 (122,142) 1,084,579 783,162 Annual Debt Service 123,565 127,735 902,562 926,188 Coverage (income available for debt service divided by average annual debt service) 1.40 -.96 1.20 .85 VI * Note: Exclusive of Depreciation. **Note: Per bond ordinance requirements, 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. During the year, $55,000 of regularly maturing revenue bonds were retired in the Waterworks and Sewerage Fund-East. In addition, $50,000 of general obligation bonds, serviced with the earnings of the Waterworks and Sewerage Fund-East activities, were retired. Revenues from Waterworks and Sewerage Fund-West retired $350,000 of maturing general obligation bonds. 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 Municipal Finance Officers Association of the United States and Canada (MFOA) 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 MFOA 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, 1982. VII Prospects The Village has several large projects scheduled for 1954. In early summer the Village of Glenview will issue $3,125,000 of general obligation bonds. The proceeds of this issue will be used for an expansion project of the Public Library. Also, scheduled is the reconstruction and resurfacing of Waukegan Road and the widening of Glenview Road. The total cost of these two projects is estimated to be $4,725,000 of which the Village is responsible for 10% with the balance to be paid by the State of Illinois. Work is expected to be completed on Phase I of the new Public Works Garage by June of 1984. The departmental staff will be occupying that building immediately thereafter. Work on Phase II, outside improvements, is expected to begin in late 1984. 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 Department who assisted and contributed to its preparation. I should also like to thank the President and Board of Trustees for their interest and support in planning and conducting the financial operations of the Village in a responsible and progressive manner. Respectively submitted, Dennis M. Lauer Finance Director VIII I I I I I I I I I I Financial Section I I I I I I I I I 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, 1983 as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the combined financial statements referred to above present fairly the financial position of the Village of Glenview, Illinois, at December 31, 1983, 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 except for the change, with which we concur, in the method of accounting for compensated absences as described in Note 3.D.4.a. to the financial statements. 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, 1983 and the results of operations of such and in financial of individual proprietary funds the changes position 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 except for the change, with which we concur, in the method of accounting for compensated absences as described in Note 3.D.4.a. to the financial statements. 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 financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. The statistical information listed in the table of contents was not examined by us and, accordingly, we do not express an opinion thereon. Karrison & Byrne February 16, 1984 I I I I I I I I I I I i I I I I I I COMBINED STATEMENTS--OVERVIEW I VILLAGE OF GLENVIEW, ILLINOIS ALL FUND TYPES AND ACCOUNT GROUPS COMBINED BALANCE SHEET DECEMBER 31, 1983 (See Following Page) VILLAGE OF GLENVIEW, ILLINOIS GENERAL, SPECIAL REVENUE, DEBT SERVICE, AND CAPITAL PROJECTS FUND TYPES COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CH~-NGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 (See Following Page) VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 1. Summary of Significant Accounting Policies The accounting policies of the Village of Glenview, Illinois conform to generally accepted accounting principles as applicable to governments. The following is a summary of the more significant policies. A. Reporting Entity and Its Services This report includes all of the funds and account groups of the Village. It also includes all activities considered to be part of (controlled by or dependent on) the Village, as determined by the application of the criteria set forth in "Defining the Governmental Reporting Entity - NCGA Statement 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 resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. The various funds are grouped, in the financial statements in this report, into eight generic fund types and three broad fund categories as follows: GOVERNMENTAL FUNDS General Fund - The General Fund is the general operating fund of the Village. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than special assessmentS, expendable trusts, or major capital projects) that are legally restricted to expenditures for specified purposes. 9 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Summary of Significant Accounting Policies (Cont.) B. Basis of Presentation - Fund (Cont.) Accounting GOVERNMENTAL FUNDS (CONT.) Debt Service Funds - Debt Service Funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. Capital Projects Funds - Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by Proprietary Funds, Special Assessment Funds, and Trust Funds). Special Assessment Funds - Special Assessment Funds are used to account for the financing of public improvements or services deemed to benefit the properties against which special assessments are levied. 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. FIDUCIARY FUNDS Trust and Agency Funds - Trust and Funds used for Agency are to account 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 10 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 1. S~mary of Significant Accounting Policies (Cont.) B. Basis of Presentation - Fund Accounting (Cont.) FIDUCIARY FUNDS (CONT.) 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 account 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. Taxpayer-assessed income, gross receipts, and sales taxes are considered "measurable" when in the hands of intermediary collecting governments and are recognized as revenue at that time. Anticipated refunds of such taxes are recorded as liabilities and reductions of revenue when they are measurable and their validity seems certain. Revenues considered to be susceptible to accrual are: Taxes Property Sales Utility Charges for Services Emergency Dispatching Services Intergovernmental Revenues Motor Fuel Tax Allotments 11 VILLAGE OF GLENVIEW, ILLIOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Sua~nary of Significant Accounting Policies (Cont.) Basis of Accounting (Cont.) 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. Budgets and Budgetary Accounting The Village follows these procedures in establishing the budgetary data reflected in the financial statements: 1. The Village Manager submits to the Board of Trustees a proposed operating budget for the fiscal year commencing the following 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 amounts between departments within any fund; however, any revisions that alter the total expenditures of any fund must be approved by the Board of Trustees. 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. Budgets for the Village Hall Construction Fund and Special Service Area No. 4 Fund (both Capital Projects Funds) were not adopted for fiscal 1983. The level of control (level at which expenditures may not exceed budget) is the Fund. Budgets lapse at year end. No supplemental budget was enacted. Encumbrance accounting, under which purchase orders, contracts, and other commitments for the expenditure of monies are recorded in order to reserve that portion the applicable appropriation, employed. of is Encumbrances outstanding at year end, if any, are reported as reservations of fund balances since they do not constitute expenditures or liabilities. VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 1. S,~mary of Significant Accounting Policies (Cont.) E. Assets, Liabilities, and Fund Equity Investments Investments are stated at cost or amortized cost~ which approximates market. Inventory Inventory is valued at the lower of cost (first-in, first-out) or market. Inventory in Governmental Funds consists of expendable supplies held for consumption. The cost is recorded as an expenditure at the time individual inventory items are purchased. Reported inventories are equally offset by a fund balance reserve which indicates that they do not constitute "available spendable resources" even though they are a component of net current assets. Inventory is recorded on a basis of a physical count. Fixed Assets and Long-Term Liabilities The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are determined by its measurement focus. All Governmental Funds and Expendable Trust Funds are accounted for on a spending or "financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance (net current assets) is considered a measure of "available spendable resources." Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a s%nnmary 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. Ail fixed assets are valued at historical cost or estimated historical cost is not available. Donated fixed assets are if actual historical cost valued at their estimated fair value on the date donated. 13 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 S~m~nary of Significant Accounting Policies (Cont.) Assets, Liabilities, and Fund Equity (Cont.) Fixed Assets and Long-Term Liabilities (Cont.) 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 which accounted for in Special Assessment special assessment bonds, are 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 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. Special reporting treatments are also applied to governmental fund inventories to indicate that they do not represent "available spendable resources", even though they are a component of net current assets. Such amounts are generally offset by fund balance reserve accounts. The Village does not currently have any governmental fund inventories 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 type fund expenditures or fund liabilities. They are instead reported as liabilities in the General Long-Term Debt Account Group. Ail Proprietary Funds and Nonexpendable Trust 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 increases (revenues) and decreases (expenses) in net total assets. present VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 1. Sunanary of Significant Accounting Policies (Cont.) E.Assets, Liabilities, and Fund Equity (Cont.) Fixed Assets and Long-Term Liabilities (Cont.) Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their operations. Accumulated depreciation is reported on proprietary fund balance sheets. Depreciation has been provided over the estimated useful lives using the straight line method. The estimated useful lives are as follows: Buildings 25-50 years Improvements 10-20 years Equipment 3-10 years F. Revenues, Expenditures, and Expenses Property Tax Revenue Recognition 1983 property taxes attach as an enforceable lien on January 1, 1983. 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, 1984 and August 1, 1984, and are payable in two installments, on or about March 1, 1984 and on or about September 1, 1984. 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 1983 tax levy has been treated as deferred revenue since it is intended to finance the subsequent year's expenditures/expenses. Current year's operating statements recognize 1982 tax levy revenues which finance the current year's expenditures/expenses. 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 1983 tax levy, to reflect actual collection experience. 15 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Summary of Significant Accounting Policies (Cont.) F. Revenues, Expenditures, and Expenses (Cont.) Accumulated Unpaid Compensated Absences Village employees are granted vacation pay and sick leave in varying amounts. The Village has calculated the following amounts with respect to accrued vacation pay and sick leave at December 31, 1983: Vacation $109,458 Pay Sick Leave - $109,458 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 reflect non-current any accumulated unpaid compensated absences. 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 totals by fund type) data have year 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. VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 1. S~mary of Significant Accounting Policies (Cont.) G. Financial Reporting (Cont.) Authoritative Sources - Financial Reporting The financial statements are presented in accordance with generally accepted accounting principles applicable to state and local governmental units. These basic principles have been promulgated by the National Council on Governmental Accounting, and are detailed in their publications entitled "Governmental Accounting and Financial Reporting Principles - NCGA Statements 1-5", and subsequent NCGA Interpretations. 2. Stewardship, Compliance, and Accountability A. Deficit Fund Balances/Retained Earnings of Individual Funds The following funds had a deficit in fund balance/retained earnings at December 31, 1983. Amount Fund Debt Service $ 3,719 Special Service Area No. 1 of 1980 Waukegan Road Sanitary District Service Bonds of 1968 5,103 Internal Service 18,561 Municipal Equipment Repair B. 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, 1983: Fund Exces~ Debt Service Police Administration Building Bonds of 1972 $ 7,143 Waukegan Road Sanitary District Bonds of 1968 95 Enterprise 94,183 Waterworks and Sewerage - West 10,409 Commuter Parking Lot Trust and Agency 9,408 Police Pension 17 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 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 - Grants Receivable No amounts are due as of the date of this report. 4. Fixed Assets a. Changes in General Fixed Assets Balances Balances January 1, December 31, 1983 Additions Deletions 1983 Land $ 1,481,758 $ 1,481,758 Buildings and Improvements 5,826,593 5,826,593 Construction in Progress $1,278,852 1,278,852 Equipment 2,675,886 363,373 $126,884 2,912,375 Furniture 269,709 269,709 Office Equipment 226,382 3,435 229,817 $10,480,328 $1,645,660 $126,884 $11,999,104 18 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 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, 1983 Enterprise Waterworks Waterworks Co~muteL and Sewerage and Sewerage Parking Fund - East Fund - West Lot Fund Land $ 67,851 Buildings 70,676 Equipment and Vehicles 400,296 $ 146,740 Improvements Other than Buildings 5,233,287 10,489,155 $106,514 $5,772,110' $10,635,895 %106,514 Less Accumulated Depreciation or Amortization 2,130,883 1,007,476 87,694 $3,6~1,227 $ 9,628,419 $ 18,820 B. Liabilities 1. Retirement Fund Co~itments 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. VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 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, 1982 (the date of the latest computation), the present value of currently accrued retirement obligations of the Village was $2,673,364. The Village had accumulated assets of $889,530 on the same date. Therefore, the balance of $1,783,834 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 $497,992 of this amount and the prior service portion of the rate is expected to provide $1,285,842. The latter amount is considered to be unfunded at this time; it is sometimes referred to as the "actuarial deficiency". As required by Section 7-172, Chapter 108-1/2, Illinois Revised Statutes, contribution rates are fixed at levels, certified by the Fund actuary, sufficient to meet the entire cost of benefit payments ultimately to be made. Actual contributions this year totaled $374,365. 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 2o VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 1. Retirement Fund Co~mitments (Cont.) b. Police Pension Fund (Cont.) 1) (Cont.) ending in 2020. The total actuarial requirements at December 31, 1982 (the date of the latest computation) amounted to $7,065,367, as determined by the Illinois Department of Insurance. Net present assets $2,930,685 Unfunded accrued liability 4,134,682 $7,065,367 Actual contributions this year totaled $424,064. 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, 1983 $2,930,685 $(3,425,053) $6,355,738 Additions Employer Contributions (Taxes) 424,064 424,064 Employee Contributions 133,504 133,504 Interest 345,171 345,171 Other 17,441 17,441 Total Balances and Additions $3,850,865 $(3,425,053) ~7,275,918 Actuarial Adjustments (Increase) Decrease in Unfunded Accrued Liability (709,629) 709,629 Total Revised Balances $3,850,865 $(4,134,682) $7,985,547 Deductions Benefit Payments and Refunds $ 238,965 $ 238,965 Miscellaneous 1,475 1,475 Total Deductions $ 240,440 - ~ 240,440 Balances - December 31, 1983 $3,610,425 $(4,134,68~) $7,745,107 21 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 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, 1982. $179,359 Amount necessary to amortize the unfunded accrued liability of $4,134,682 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. 297,710 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. $477,069 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 the Board of Trustees of the Fund shall designate the Fund, 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, 1982 (the date of the latest computation) amounted to $3,648,777 as determined by the Illinois Department of Insurance. Net present assets $2,297,281 Unfunded accrued liability 1,351,496 $3,648,777 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 1. Retirement Fund Commitments (Cont.) c. Firemen's Pension Fund (Cont.) I) (Cont.) Actual contributions this year totaled $297,155. 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, 1983 $2,297,282 $(1,054,264) $3,351,546 Additions Employer Contributions (Taxes) 297,155 297,155 Employee Contributions 89,521 89,521 Interest 276,688 276,688 Other 30,361 30,361 Total Balances and Additions $2,991,007 $(1,054,26~) $4,045,271 Actuarial Adjustments (Increase) Decrease in Unfunded Accrued Liability (297,232) 297,232 Total Revised Balances $2,991,007 $(1,351,496) $4,342,503 Deductions Benefit Payments $ 30,270 $ 30,270 Miscellaneous 1,225 1,225 Total Deductions ~ 31,495 ~ 31,495 Balances - December 31, 1983 $2,959,512 $(1,3______51,496) $4,311,008 23 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Detail Notes on Ail Funds and Account Groups (Cont.) B. Liabilities (Cont.) 1. Retirement Fund Commitments (Cont.) c. Firemen's Pension Fund (Cont.) 3) Tax Levy Requirements Minimum amount necessary to provide actuarial amount for the annuities and benefits to be earned during the year, computed at a rate of not less than 17.5% of the annual payroll of active participants as of December 31, 1982. $187,416 Amount necessary to amortize the unfunded accrued liablity of $1,351,496 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. 97,313 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. $284,729 2. Commitments No material contractual commitments existed at December 31, 1983. 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~ 1983 3. Detail Notes on Ail Funds and Account Groups (Cont.) B. Liabilities (Cont.) 4. Lease Obligations The Village had no Capital lease commitments at December 31, 1983. · 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 1, 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. 25 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Detail Notes on Ail Funds and Account Groups (Cont.) B. Liabilities (Cont.) 5. Long-Term Debt a. Changes in Long-Term Debt Balances Balances January 1, December 31, 1983 Issuances Retirements 1983 General Obligation Bonds Waukegan Road Sanitary District Sewer Bonds of 1968 $ 18,000 $ 4,000 $ 14,000 Police Administration Building Bonds of 1972 795,000 110,000 685,000 Municipal Building Bonds of 1979 850,000 50,000 800,000 $1,663,000 - $164,000 $1,499,000 Special Service Area Bonds #1 of 1980 $ 56,000 $ 7,000 $ 49,000 #2 of 1981 37,350 2,887 34,463 #3 of 1981 24,573 1,899 22,674 #4 of 1982 90,000 90,000 $ 207,923 - $ 11,786 $ 196,137 General Obligation Bonds Carried as Enterprise Fund Liabilities Corporate Purpose - 1976 $ 150,000 $ 50,000 $ 100,000 1977 3,900,000 175,000 3,725,000 1979 5,250,000 175,000 5,075,000 .$9,300,000 - $400,000 $8,900,000 Revenue Bonds Waterworks and Sewerage Bonds of 1964 $ 355,000 - $ 55,000 $ 300,000 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 5. Long-Term Debt (Cont.) b. Debt Service Requirements to Maturity ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS General Obligation Fiscal Year General Special Bonds Carried Ending Obligation Service as Enterprise Revenue December 31 Bonds Area Bonds Fund Liabilities Bonds Total 1984 $295,235 $40,646 $958 788 $69,360 $1,364,029 1985 290,431 30,658 955.888 67,320 1,344,297 1986 284,194 30,236 901 438 65,250 1,281,118 1987 267,737 29,818 900363 63,150 1,261,068 1988 231,400 29,398 898 138 61,050 1,219,986 1989 271,250 28,978 918 813 1,219,041 1990 158,250 28,556 886 188 1,072,994 1991 21,347 905 375 926 722 1992 21,346 897 125 918.471 1993 21,347 887 250 908 597 1994 7,510 876.125 883 635 1995 7,509 888~025 895 534 1996 3,755 897 025 900 780 902725 902 725 1997 505 500 1998 505 500 1999 503 500 503 500 27 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 5. Long-Term Debt (Cont.) c. Legal Debt Margin The Village is a home rule municipality. Article VII, Section 6(k) of the 1970 Illinois Constitution governs computation of the legal debt margin. "The General Assembly may limit by law the amount and require referendum approval of debt to be incurred by home rule municipalities, payable from ad valorem property tax receipts, only in excess of the following percentages of the assessed value of its taxable property ...(2) if its population is more than 25,000 and less than 500,000 an aggregate of one percent: ...indebtedness which is outstanding on the effective date (July 1, 1971) of this constitution or which is thereafter approved by referendum.., shall not be included in the foregoing percentage amounts." To date the General Assembly has set no limits for home rule municipalities. d. Revenue Bond Ordinance Disclosures 1) Waterworks and Sewerage Fund - East a) Section 9 of the Revenue Bond Ordinance of 1964 created the following accounts: 1) Operation and Maintenance Account 2) Bond and Interest Account 3) Bond Reserve Account 4) and Extension Account Depreciation, Improvement 5) Surplus Revenue Account VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINAiqCIAL STATEMENTS DECEMBER 31, 1983 3. Detail Notes on Ail Funds and Account Groups (Cont.) B. Liabilities (Cont.) 5. Long-Term Debt (Cont.) d. Revenue Bond Ordinance Disclosures (Cont.) 1) Waterworks and Sewerage Fund - East (Cont.) a) (Cont.) Monthly cash transfers are required in the following order: Operation and Maintenance Account - an amount sufficient to pay the reasonable expenses of maintenance and operation of the system for the next succeeding month, including 1/12 of all expenses which are paid on an annual basis. Bond and interest account - an amount not less than 1/5 of the interest becoming due on the next succeeding interest date and an amount equal to 1/10 of the principal becoming due on the next succeeding principal maturity date. Bond reserve account - the sum of $625 each month until all bonds have been paid or provided for. Depreciation, improvement and extension account - the sum of $2,000 each month. Surplus revenue account at the end of each fiscal year all monies after distribution of the above amounts to their respective accounts. Funds accumulated in the bond reserve account are available for the payment of maturing bond principal or interest whenever funds are not available for that purpose in the bond and interest account. In addition, whenever the balance in this account equals the maximum principal and interest, surplus above such amount may be transferred to the depreciation, improvement and extension account or may be used for calling and redeeming those bonds that are callable prior to maturity, or by purchasing by tender which are payable from the revenues of the system. 29 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 5. Long-Term Debt (Cont.) d. Revenue Bond Ordinance Disclosures (Cont.) 1) Waterworks and Sewerage Fund - East (Cont.) a) (Cont.) Funds accumulated in the depreciation, improvement and extension account are available for the payment of maturing bond principal or interest, whenever sufficient funds are not available. Also, such funds may be used for either extraordinary repairs or replacements, or improvements and extensions of the system. Whenever the account aggregates ~250,000, any sums in excess thereof may be transferred to ~e bond reserve account or to the surplus revenue account. 1. make up any deficiencies in any of the other counts created by the ordinance. 2. , at the end of each fiscal year any sums ~ may be transferred to be used for any lawful g general administration of the system; ~ a sum i1 to 7-1/2% of the annual gross revenue or ''.,.~ch a 'centage as the President and Board of TrUstees establish. b) Supplemental required under bond ordinance provisions, not sub :t to audit: Waterworks Waterworks and Sewerage and Sewerage Fund - East Fund - West 1. N mber of sewer customers 175 served during fiscal year 6,533 1 rr 2. Number of metered water ~7~ f~g/~ customers at December 31, 198 7,2~ 4,702 3. Number of unmetered water customers at December 31, 198_~ - 4. Gallons of water purchased during fiscal year ~,~v,~,.,~ ~nn 5. Gallons of water billed during fiscal year I, oo0 ooo 3o VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 3. Detail Notes on All Funds and Account Groups (Cont.) C. Interfund Receivables and Payables Due Due From To General Corporate $ 30,671 Library Illinois Municipal Retirement 9,148 Motor Fuel Tax $ 1,023 Debt Service 6,603 Capital Equipment Replacement 75,000 Municipal Equipment Repair 29,900 Escrow Deposit 86,108 Police Pension 8,302 Firemen's Pension 5,843 Total General $162,131 $ 90,467 Special Revenue Library Corporate $ 30,671 Waterworks and Sewerage - West 75,000 ~'6~, 671 Illinois Municipal Retirement Corporate $ 9,148 Motor Fuel Tax $ 1,023 Corporate 50,000 Public Works Garage 75,000 Escrow Deposit Total Special Revenue $114,819 $126,023 Debt Service Debt Service Corporate $ 6,603 $ 30,000 Village Hall Construction 45,000 Public Works Garage Waterworks and Sewerage - East 1,150 Waterworks and Sewerage - West 349,938 Total Debt Service $356,541 $ 76,150 31 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Detall Notes on All Funds and Account Groups (Cont.) Interfund Receivables and Payables (Cont.) Due Due From To Capital Projects Village Hall Construction Debt Service $ 30,000 Public Works Garage Motor Fuel Tax $ 50,000 Debt Service 45,000 $ 95,000 Capital Equipment Replacement Corporate $ 75,000 Total Capital Projects $125,000 $ 75,000 Enterprise Waterworks and Sewerage - East Debt Service $ 1,150 Municipal Equipment Repair $ 4,700 Waterworks and Sewerage - West 75,000 $ 76,150 $ 4,700 Waterworks and Sewerage - West Library $ 75,000 Debt Service 349,938 Waterworks and Sewerage - East 75,000 $499,938 Total Enterprise $ 76,150 $504,638 Internal Service Municipal Equipment Repair Corporate $ 29,900 Waterworks and Sewerage - East 4,700 Escrow Deposit $ 75,000 Total Internal Service $ 34,600 $ 75,000 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 3. Detail Notes on All Funds and Account Groups (Cont.) C. Interfund Receivables and Payables (Cont.) Due Due From To Trust and Agency Escrow Deposit $ 86,108 Corporate Motor Fuel Tax $ 75,000 Municipal Equipment Repair 75,000 $ 150,000 ~ 86,108 Police Pension Corporate $ 8,302 Firemen's Pension Corporate $ 5,843 Total Trust and Agency $ 164,145 $ 86,108 $1,033,386 $1,033,386 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 to indicate tentative plans for financial resource utilization in a future period. 33 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 Detail Notes on Ail Funds and Account Groups (Cont.) D. Fund Equity (Cont.) 4. Prior Period Adjustments to Fund Balances a. Prior Period Adjustments - Change in Method of Accounting for Compensated Absences For the fiscal ended December 1983 the has year 3i, Village changed its method of accounting for compensated absences to conform to the provisions of "NCGA Statement 4 - Accounting and Financial Reporting Principles for Claims and Judgments and Compensated Absences." The Village had not in previous years been recognizing liabilities for compensated absences. Currently, the amount of compensated absences recorded as expenditures in governmental funds is the amount accrued during the year that would normally be liquidated with expendable available financial resources, the remainder of the liability is reported in the General Long-Term Debt Account Group. Proprietary funds follow the provisions of SFAS 43 without modification. These changes which were made to conform with generally accepted accounting principles, required certain retroactive adjustments to the beginning fund balances/retained earnings of governmental and proprietary funds. A summary of the change in fund equity follows: Prior Period Fund Equity Adjustments Fund Equity January 1, 1983 Compensated January 1, 1983 Fund As Reported Absences As Restated General $2,093,269 $(102,234) $1,991,035 Waterworks and Sewerage - East 3,323,011 (6,541) 3,316,470 b. Other Prior Period Adjustments Waterworks and Sewerage Fund - West To correct an error from a prior year. Expenses were recorded in 1982 when, in actuality, they were incurred subsequent to December 31, 1982. $ 251,354 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 4. Segment Information for Certain Individual Enterprise Funds The Village maintains two Enterprise Funds which provide waterworks and sewerage, and one Enterprise Fund providing parking services. Segment information for the year ended December 31, 1983 is as follows: Waterworks Waterworks Commute r and Sewerage and Sewerage Parking Fund - East Fund - West Lot Fund Total Operating Revenues $1,459,941 $1,920,972 $ 51,431 $3,432,344 Depreciation, Depletion, and Amortization Expense 136,666 216,547 5,289 358,502 Operating Income or (Loss) (95,192) 668,132 13,747 586,687 Operating Grants, Entitle- ments, and Shared Revenues 148,929 - 148,929 Operating Transfers _ _ Out (130,751) (74,716) - (205,467) Tax Revenues - Net Income (Loss) (221,887) 40,854 29,097 (151,936) Current Capital Contributions and Transfers Contributions Transfers 21,845 21,845 Plant, Property and Equipment Additions 113,881 - - 113,881 Deletions - - Net Working Capital (124,799) 293,771 235,892 404,864 Bonds and Other Long-Term Liabilities Payable from Operating Revenues 400,000 8,800,000 9,200,000 Payable from Other Sources - Total Equity 3,832,599 1,122,190 254,712 5,209,501 35 VILLAGE OF GLENVIEW, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 1983 5. 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, 1983 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 In the Spring of 1984, the Village plans to issue approximately $3,250,000 of general obligation bonds. The proceeds of the bond issue will be used to expand the physical facilities of the Glenview Public Library. The bond issue is expected to have a maturity of fifteen to twenty years. VILLAGE OF GLENVIEW, ILLINOIS NOTES TO TEE FINANCIAL STATEMENTS DECEMBER 31, 1983 8. Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual The Village adopts project length budgets for certain Capital Projects Funds. The following funds were not included in the overview budgetary statement because their budgets were project length: Total Expenditures - All Capital Projects Funds $1,620,977 Less Village Hall Construction Fund (17,318) Special Service Area No. 4 Fund (71,735) $1,531,924 9. Cash Control and Investment Policy 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. I I I I I I I I I I I I I I I I I I GOVERNMENTAL FUND TYPES I I I I I I I I I I I I I I I I I I I GENERAL FUND I Fund Description General Fund The General Fund, also referred to as the Corporate Fund, ~s 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, 1983 1983 1982 ASSETS Cash and Investments $1,119,209 $1,221,395 Receivables Property Taxes 933,695 933,695 Replacement Taxes 31,576 25,592 Due from Other Governments 906,414 982,735 Due from Other Funds (Note 3.C.) 162,131 97,304 Total Assets $3,153,025 $3,260,721 LIABILITIES AND FUND BALANCE Liabilities Accounts Payable $ 19,901 $ 99,396 Compensated Absences Payable 104,804 Due to Other Funds (Note 3.C.) 90,467 130,645 Deferred Property Tax Revenue 933,695 933,695 Refundable Deposits 53,198 3,716 Total Liabilities $1,202,065 $1,167,452 Fund Balance (Page 38) 1,950,960 $2,093,269 Total Liabilities and Fund Balance $3,153,025 $3,260,721 See accompanying Notes to the Financial Statements. VILLA(~ OF CJ~NIEW, ILLINOIS GORPORA~ ~ OF I~-5~ES, EXP~, ~R~~31, 1983 1~3 1982 ~t~l ~t~l ~get T~es Pr~y T~s - C~r~ $ 052,7~ $~4,7~7 $ 916,420 ~rty T~s - ~r 21 ~583 37,896 ~lac~ T~ ~5,0~ ~ ,585 18 ,~72 ~ic~p~i ~les T~ 2,100,ffi0 2,023,939 1,~8,785 Utility T~ 1,759,110 1,918,899 1,659,139 Illinois ~c~ T~ 681,~0 685,991 614,~2 80,228 76,016 ~ a~ Brid~ T~ T~al T~ $5 ~77 ,~0 $5,683,972 $5 ~31,110 Cha~s for Se~c~ 392,789 392,789 354,505 Li~es ~d ~ts (P~e 39) 570,2~ 612,~5 ~8,708 Inte~e~ 21,5~ 43,879 21,0~ ~nes and ~its 215,~0 242,261 217,~3 ~scella~s 265,1~ 1~,279 242,~2 $7,~2,529 $7,1~,435 $6,6~,7~ ~n~t~es (P~e 40) ~ral ~e~ $1,498,779 $1,431,713 $1,366,1~ ~lic ~fety 4,151,215 4,025,771 3,689,784 Hi~s ~ Struts (~el~ ~ ~lic Se~ices) 1,813,559 1,676,838 1,6~,573 $7,~3,553 $7,1~,3~ $6,720,551 ~c~s (~fici~) of ~ o~r ~n~t~ ~fore ~her Fi~i~ ~s (Us~) $ (421,024) $ (10~7) $ (65,~3) ~rati~ ~fe~ In (~t) Debt Se~ce F~ $ (3,~0) $ (3,360) $ (3,7~) ~lic ~ ~t~ion ~ (120,~0) (120,~0) (~0,~0) 3,402 S~ci~ ~s~s ~ 11,024 ~al ~r~n~ ~t~ ~er ~ 92,910 75,~7 1~,775 Escr~sit ~ % (~,~) $ ~,453~ $ (~,579) ~c~s (~ficiency) of ~s a~ ~r ~c~ ~r ~it~ ~ ~r U~ $ (451~474) $ (58,~) ~ $ (1~,422) ~ ~ $2,~3,269 $2,193,691 Ja~a~ 1 ~ior ~r~d ~nt - ~ ~nces (~e 3.D.4.~ (102,2~) ~just~ ~1~ $1,991,035 $2,193,691 ~i~l ~ty ~a~fer In - S~al ~ce ~ea No. 4 ~ 18~265 $2,~,3~ $2,193,691 ~c~r 31 (P~e 37) $1~9~,~ $2,093,269 ~e ~c~ ~ to t~ ~n~al 39 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF REVENUES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Licenses Motor Vehicle $305,000 $306,758 Bicycle 100 Business 60,000 78,736 Liquor 53,000 53,933 Dog 6,700 4,581 Cat 950 415 $425,750 $444,423 Permits and Current Service Charges Heating and Air Conditioning $ 1,000 $ 490 Buildings 32,800 50,840 Electrical Inspection 12,000 20,848 Plumbing and Sewer 6,000 10,983 Plan Review and Elevator Inspection 15,000 24,389 Driveway 150 505 Engineering 25,000 17,825 Unclassified Public Works Service 28,500 25,767 Other Current Service Charges 24,000 16,185 $144,450 ~-~,832 Total Licenses and Permits $570,200 $612,255 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 1983 1982 Budget Actual Actual General Government Board of Trustees $ 8,560 $ 9,105 $ 8,027 Special Board 58,490 56,712 36,569 Village Clerk's Office 8,500 9,146 6,960 Legal 310,250 234,358 278,345 Village Manager's Office 192,291 195,827 195,748 Finance 387,750 370,748 335,375 Municipal Building and Grounds 98,879 79,027 87,434 Personnel 434,059 476,790 417,736 $1,498,779 $1,431,713 $1,366,194 Public Safety Police Department $2,612,260 $2,512,554 $2,281,951 Fire Department 1,509,292 1,497,294 1,389,399 Printing and General Services 29,663 15,923 18,434 $4,151,215 $4,025,771 $3,689,784 Development and Public Services Administration $ 137,751 $ 130,056 $ 123,672 Planning and Zoning 53,178 53,705 82,435 181,729 160,789 162,639 Engineering Public Works - General Street Maintenance 125,132 118,114 101,547 Public Works - Special Projects 33,000 16,218 25,227 Public Works - Overhead 429,932 434,823 401,305 Public Works - Traffic 146,346 140,556 127,095 Public Works - Storm Drains 86,084 84,092 78,679 Public Works - Snow and Ice Control 152,854 86,362 129,123 Public Works - Trees 139,694 133,951 125,011 Public Works - Grounds 45,674 45,146 32,961 Building Inspection 220,797 213,776 218,588 61,388 59,250 56,291 General Health $1,813,559 $1,676,838 $1,664,573 41 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual General Government Board of Trustees Regular Salaries $ 3,000 $ 3,013 Contractual Services 1,110 965 Travel Expense 3,400 4,050 Materials and Supplies 950 1,077 Contingencies 100 ~ 8,560 $ 9,105 Special Board Temporary Salaries $ 420 $ 350 Contractual Services 51,344 51,449 Travel Expense 426 54 Materials and Supplies 6,200 4,824 Contingencies 100 35 $ 58,490 $ 56,712 Village Clerk Regular Salaries $ 900 $ 900 Temporary Salaries 400 200 Printing, Binding and Publication Dues, Subscriptions and Memberships 7,050 7,969 Maintenance of Equipment Travel Expense 50 14 Other Operating Expenses 100 63 $ 8~500 $ 9,146 Legal Regular Salaries $ 3,250 $ 3,250 Contractual and Professional Services 73,000 55,678 Insurance and Bonding 231,000 172,430 Claims Settlement 3,000 3,000 $310,250 %234,358 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual General Government (Cont.) Village Manager Regular Salaries $155,026 $155,009 Temporary Salaries 7,445 7,516 Holiday Pay 375 Longevity Pay 450 450 Printing, Binding and Publication 6,580 8,733 Postage 12,740 11,504 Dues, Subscriptions and Memberships 1,445 2,169 Maintenance of Equipment 225 165 Travel Expense 4,450 4,529 Training Expense 1,200 371 Books, Pamphlets and Materials 250 289 Transfer to CERF 1,260 1,260 Transfer to MERF 1,220 3,116 341 Machinery and Equipment 1-~-~,291 ~ Finance Regular Salaries $211,560 $210,524 Overtime Salaries 2,650 472 Salaries 16,900 9,845 Temporary Longevity Pay 1,100 1,I00 Contractual Professional Services 40,850 41~239 Printing, Binding and Publication i0,200 4,812 Postage 4,400 3,829 Dues, Subscriptions and Membership 1,400 1,240 Maintenance of Equipment 17,960 16,730 Rentals 45,651 42,808 Travel Expense 1,654 1,646 Training 600 443 Office Supplies 14,000 12,704 Books, Pamphlets and Materials 125 350 Computer Supplies 5,800 9,130 Other Operating Expense 200 102 Machinery and Equipment 12,700 13,774 $387,750 $370,748 43 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual General Government (Cont.) Municipal Building and Grounds Regular Salaries $ 20,328 $ 20,328 Overtime Salaries 780 Temporary Salaries 5,590 5,135 Longevity Pay 200 200 Heating and Lighting 14,200 11,230 Postage 14,320 7,228 Telephone 7,200 10,996 Maintenance of Equipment 16,549 8,360 Maintenance of Buildings 1,900 1,461 Rentals 8,400 8,052 Uniform Allowance 300 149 Cleaning and Household Supplies 2,800 1,763 Maintenance Materials - Buildings 2,400 2,272 Small Tools and Equipment 300 242 Employee Welfare 3,212 1,375 Transfer to MERF 400 236 $ $ 79,027 98,879 Personnel Contractual Professional Services $ 17,560 $ 13,128 Printing, Binding and Publications 1,100 1,846 Dues, Subscriptions and Memberships 485 795 Insurance and Bonding 402,969 441,627 Training Expense 6,500 11,566 Books, Pamphlets and Materials 75 97 Employee Welfare 3,320 5,764 50 19 Contingencies Machinery and Equipment 2,000 1,948 $ 434,059 $ 476,790 Total General Government $1,498,779 $1,431,713 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Public Safety Police Department Regular Salaries $1,861,744 $1,813,551 Overtime Salaries 82,500 74,411 Temporary Salaries 96,240 79,961 Holiday Pay 73,957 67,960 Longevity Pay 13,150 10,850 Pay Differential - Director 900 900 Contractual and Professional Services 2,000 3,894 Printing, Binding and Publication 2,800 2,208 Heating 6,600 5,535 Postage 2,000 1,816 Telephone 13,000 11,052 Teletype 7,500 7,444 Dues and Subscriptions 600 974 Maintenance of Equipment 28,975 30,862 Maintenance of Buildings 2,950 2,721 Rentals 7,360 6,067 Travel Expenses 1,820 2,363 Training 26,950 27,748 Uniform Allowance 42,104 41,995 Office Supplies 1,930 2,617 Books, Pamphlets and Materials 3,500 2,949 Cleaning and Household Supplies 1,400 1,982 - Buildings 3,600 2,936 Maintenance Materials Operating Materials and Supplies 12,082 11,874 Other Operating Expenses 500 Transfer to CERF 89,475 89,475 Transfer to MERF 139,000 124,970 Machinery and Equipment 46,485 57,763 Furniture and Fixtures 3,580 3,435 Increase Police Pension Reserve 31,258 15,941 Automotive 6,300 6,300 $2,612,260 $2,512,554 45 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Public Safety (Cont.) Fire Department Regular Salaries $1,194,498 $1,185,774 Overtime Salaries 51,230 55,539 Emergency Longevity Pay 9,500 9,500 Contractual Professional Services 62,387 63,007 Printing and Publications 150 Heating 3,800 4,357 Postage 361 345 Telephone 1,370 2,637 Dues, Subscriptions and Memberships 520 436 Maintenance of Equipment 13,396 8,600 Maintenance of Buildings 3,600 2,814 Travel 2,047 1,878 Expense Training 3,160 3,125 Uniform Allowances 9 350 9,357 Office Supplies 850 560 Fire Prevention Pamphlets 3 270 1,682 Motor Vehicle Supplies 4,740 3,829 Cleaning Supplies 2 420 2,794 Maintenance Materials - Equipment 220 55 Maintenance Materials - Buildings 4 745 5,786 Small Tools and Equipment 430 321 Operating Materials and Supplies 16 525 11,890 Other Operating Expenses 33,994 33,994 Transfer to CERF 41 282 41,282 Transfer to MERF 24,000 19,139 Machinery and Equipment 18,197 26,048 Furniture and Fixtures 750 583 Building Improvements 2,500 1,962 $1,509,292 $1,497,294 Printing - General Services Printing and Binding $ 1,850 $ 1,686 Maintenance of Equipment 3,999 3,267 Rentals 1,054 1,054 Office Supplies 20,000 8,050 Operating Supplies 2,760 1,866 $ 29,663 $ 15,923 Public $4,151,215 $4,025,771 Total Safety VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Development and Public Services Administration Regular Salaries $119,986 $119,993 Overtime Salaries 700 845 Temporary Salaries 5,880 176 Longevity Pay 400 400 Printing, Binding and Publication 1,000 149 Dues, Subscriptions and Memberships 290 271 Maintenance of Equipment 230 791 Travel Expense 900 886 Training 800 540 Materials and Supplies 2,120 859 Transfer to CERF 1,575 1,575 Transfer to MERF 1,470 1,656 Machinery and Equipment 2,400 1,915 $137,751 $130,056 Planning and Zoning Regular Salaries $ 27,348 $ 27,348 Temporary Salaries 400 300 Contractual and Professional Services 15,000 20,527 Printing, Binding and Publication 3,750 2,204 Dues, Subscriptions and Memberships 2,280 2,338 Travel Expense 1,200 Training 2,800 900 400 88 Operational Supplies $ 53,t78 $ 53,705 Engineering Regular Salaries $123,600 $115,880 Overtime Salaries 800 279 Temporary Salaries 24,856 19,702 Longevity Pay 500 200 Contractual Professional Services 10,000 7,105 Printing, Binding and Publications 200 59 Dues, Subscriptions and Memberships 25 40 Maintenance of Equipment 575 197 Rentals 1,833 1,832 300 382 Microfilming Travel Expense 850 905 Training 1,670 28 Uniform Allowance 225 225 Books, Pamphlets and Materials 100 Operational Materials 750 1,304 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Development and Public Services (Cont.) Engineering (Cont.) Other Charges $ 200 Transfer to CERF 7,345 $ 7,345 Transfer to MERF 7,900 5,306 $181,729 $160,789 Public Works - General Street Maintenance Regular Salaries $ 48,446 $ 41,015 Overtime Salaries 4,736 3,661 Temporary Salaries 5,350 7,250 Maintenance of Buildings 45,000 46,800 Maintenance Materials - Improvements 16,000 12,242 Small Tools and Equipment 900 466 Operating Materials and Supplies 4,700 6,680 $125,132 ~-~,114 Public Works - Special Projects Walk - NSCC and Pfingsten $ 3,000 $ 4,673 Tall Trees Traffic Diverter 368 Swainwood Lighting 136 Stormwater Management Plan 15,000 Frederick Court Storm Sewer 15,000 11,041 $ 33,000 $ 16,218 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Development and Public Services (Cont.) Public Works - Overhead Regular Salaries $155,393 $177,614 Overtime Salaries 543 Temporary Salaries 14,268 4,313 3,350 3,150 Longevity Pay Heat 3,600 Telephone 1,255 578 Maintenance of Equipment 130 Maintenance of Building Improvements 7,400 6,515 Rentals 8,200 8,263 Travel Expense 50 233 Training 1,500 1,156 Uniform Allowance 5,875 2,924 Books, Pamphlets and Materials 70 117 Cleaning Supplies 1,500 481 Small Tools and Equipment 1,000 1,193 Employee Welfare 2,000 1,406 Transfer to CERF 104,912 104,912 Transfer to ~fl~RF 119,429 121,42.~ ~429,932 $434,823 Public Works - Traffic Regular Salaries $ 30,206 $ 25,908 Overtime Salaries 1,580 423 Salaries 2,000 2,447 TemporaryPower and Lights 64,625 68,532 Maintenance of Equipment 26,000 23,902 Maintenance of Buildings 8,500 7,628 Rentals 400 Sign Supplies 12,035 10,788 Small Tools and Equipment 200 51 800 877 Operating Materials and Supplies $146,346 $140,556 49 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Development and Public Services (Cont.) Public Works - Storm Drains Regular Salaries $ 58,624 $ 68,819 Overtime Salaries 3,160 648 Temporary Salaries 3,250 2,666 Contractual Professional Services 2,500 1,955 Maintenance of Buildings 3,000 1,500 Maintenance Materials - Equipment 3,500 184 Maintenance Materials - Buildings 5,500 4,561 Small Tools and Equipment 150 15 Operating Materials and Supplies 6,400 3,744 $ 86,084 $ 84,092 Public Works - Snow and Ice Control Regular Salaries $ 49,414 $ 32,229 Overtime Salaries 24,309 7,572 Temporary Salaries 2,631 918 Contractual Professional Services 500 525 Rentals 2,500 Maintenance Materials - Equipment 7,500 5,646 Operating Materals and Supplies 42,000 18,230 Machinery and Equipment 24,000 21,242 $152,854 $ 86,362 Public Works - Trees Regular Salaries $ 71,149 $ 70,880 Overtime Salaries 5,265 2,597 Temporary Salaries 11,900 5,959 Contractual Professional Services 3,000 1,711 Dues, Subscriptions and Membership I00 50 Maintenance of Equipment 400 895 Maintenance of Buildings 31,000 24,613 Books, Pamphlets and Materials 30 82 Maintenance Materials - Equipment 400 352 Small Tools and Equipment 900 251 Operating Materials and Supplies 2,000 3,748 Machinery and Equipment 5,550 3,660 Tree Planting 8,000 19,153 ~-~,694 $133,951 so VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Development and Public Services (Cont.) Public Works - Grounds Regular Salaries $ 32,522 $ 39,724 Overtime Salaries 1,052 526 Temporary Salaries 3,000 2,598 Maintenance of Buildings 6,000 404 Maintenance Materials - Equipment 200 311 Small Tools and Equipment 500 374 Operating Materials and Supplies 2,000400 1,004 205 Machinery and Equipment $ 45,674 $ 45,146 Building and Inspection Regular Salaries $190,104 $185,078 Overtime Salaries 500 Temporary Salaries 4,270 4,384 Longevity Pay 750 750 Contractual and Professional Services 4,000 4,170 Printing, Binding and Publication 500 17 Dues, Subscriptions and Memberships 458 464 Maintenance of Equipment 780 170 Microfilming 2,000 1,938 Travel 810 809 Training 2,700 1,783 Uniform Allowance 225 225 Books, Pamphlets and Materials 200 280 Operating Materials and Supplies 950 1,258 300 300 Other Operating Expenses Transfer to CERF 6,3005,950 6,300 5,850 Transfer to MERF 9220,797 ~213,776 51 VILLAGE OF GLENVIEW, ILLINOIS CORPORATE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Development and Public Services (Cont.) General Health Regular Salaries $ 51,396 $ 51,677 Overtime Salaries 500 652 Temporary Salaries 1,820 1,006 Longevity Pay 350 Contractual and Professional Services 125 75 Printing, Binding and Publication 100 8 Dues, Subscriptions and Memberships 332 182 Maintenance of Equipment 135 50 Travel Expense 655 513 Car Allowance 250 84 Training 1,040 540 Books, Pamphlets and Materials 300 219 Small Tools and Equipment 100 13 Operating Materials and Supplies 860 855 Transfer to CERF 1,575 1,575 Transfer to MERE 1,850 1,801 $ 61,388 $ 59,250 Total Development and Public Services $1,813,559 $1,676,838 SPECIAL REVENUE FUNDS Fund Descriptions Library Fund The Library Fund is used to account for the resources necessary to provide the educational, cultural and recreational activities of the Glenview Public Library. Federal Revenue Sharing Fund The Federal Reveoue 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 expenses 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, 1983 Budget Actual Revenues Property Taxes - Current $696,401 $676,188 Property Taxes - Prior 13,561 Replacement Taxes 25,630 19,892 Interest Income 17,000 33,650 Other Current Charges 85,000 117,301 $824,031 $860,592 Expenditures (Page 55) 792,525 730,123 Excess of Revenues over Expenditures $ 31,506 $130,469 Fund Balance January 1, 1983 436,552 December 31, 1983 (Page 52) $567,021 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, 1983 Budget Actual Regular Salaries $325,000 $271,482 Overtime Salaries 1,544 Temporary Salaries 105,365 155,338 Contractual and Professional Services 2,450 1,700 Printing, Binding and Publication 7,000 7,160 625 382 Power and Lights 2,500 2,121 Heating 600 538 Water 7,500 7,476 Postage 4,000 3,467 Telephone and Telegraph 825 838 Dues and Subscriptions Maintenance of Equipment 15,000 14,587 Maintenance of Buildings 30,360 22,869 Insurance and Bonding 28,600 27,330 3,300 2,657 Travel Expense 1,400 827 Training 2,200 2,238 Library Programs 7,750 7,958 Office Supplies Books, Pamphlets and Materials 134,550 137,435 2,500 1,930 Cleaning Supplies 11,600 369 Other Operating Expenses 7,900 132 Contingencies 45,000 16,186 Improvements to Buildings 30,000 27,531 Automation and Expansion Machinery and Equipment 8,500 6,626 8,000 9,402 Gift Fund $792,525 $730,123 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, 1983 Budget Actual Revenues Property Taxes - Current $369,104 $358,629 Replacement Taxes 13,585 7,672 Prior Year Taxes 8,064 Employee Contributions 314,893 311,835 41,000 39,534 Other ~-~,582 $725,734 Expenditures Participating and Non-Participating 690,557 668,882 Excess of Revenues over Expenditures before Other Financing Sources $ 48,025 $ 56,852 Other Financing Sources Operating Transfers In Waterworks and Sewerage Fund - East $ 34,191 $ 34,191 Waterworks and Sewerage Fund - West 16,516 16,516 Regional Emergency Dispatch Center Fund 25,950 25,950 $ 76,657 $ 76,657 Excess of Revenues and Other Sources over Expenditures $124,682 $133,509 Fund Balance 497,902 January 1, 1983 December 31, 1983 (Page 52) $631,411 See accompanying Notes to the Financial Statements. 58 VILLAGE OF GLENVIEW, ILLINOIS MOTOR FUEL TAX FUND STATEMENT OF EXPENDITURES, REVENUES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Revenues Allotments $ 420,000 $ 455,259 Interest Income 150,000 115,261 Miscellaneous 2,259,367 52,020 $2,829,367 $ 622,540 Expenditures Maintenance $ 150,000 $ 132,111 Mass Transit 6,000 1,361 Fau/Harlem Central 20,000 64,010 Pavement Evaluation 2,000 25,025 Club Circle/Chatham 352,000 298,113 Milwaukee Railroad Crossing Glenview Road 11,000 6,180 Chicago Northwestern Railroad Crossing Glenview Road 8,000 1,732 Fau Glenview Road West End 530,000 119,590 Fau Chestnut Avenue 300,000 30,186 Park Drive Paving 5,457 Shermer North of Lake 200,000 162,051 Chicago Northwestern Railroad Crossing West Lake Ave. 25,500 Carillon Waukegan Traffic Light 10,000 7,679 Prairie Street Paving 150,000 2,050 Hunter Road Pavement 260,000 227,862 Winnetka/Waukegan Intersection 113,000 Larkdale Drive Pavement 250,800 201,434 Chester/Prairie Lawn Pavement 150,000 134,001 Lizette Pavement Reconstruction 60,000 50,502 Harrison Pavement Reconstruction 75,000 65,737 Aerial Maps with Contours 120,000 74,124 Miller Pavement Reconstruction 5,199 $2,793,300 $1,614,404 Excess (Deficiency) of Revenues over Expenditures $ 36,067 $ (991,864) Fund Balance January 1, 1983 $1,748,064 December 31, 1983 (Page 52) $ 756,200 See accompanying Notes to the Financial Statements. i I I I ! I I ! I I ! I I I I I I I DEBT SERVICE FUNDS I 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 t ax 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. Public Library Parking Lot Bonds of 1976 This issue in the amount of $200,000 was used to construct a library parking lot. Municipal Building Bonds of 1979 This issue in the amount of $950,000 was used to construct the Village Hall. 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 Subdiviaon. 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, 1983 (See Following Page) I I I i I ! ! ! I I I I I I I I I I CAPITAL PROJECT FUNDS I Fund Descriptions Village Hall Construction Fund The Village Hall Construction Fund is used to account for the revenues and expenditures involved with the construction of the new village hall. The final disbursement from this fund was made in 1982. 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. Special Service Area No. 4 Fund The Special Service Area No. 4 Fund is used to account for revenues and expenditures involved with the installation of a sanitary sewer in the Northwest portion of the Village. Construction was completed during 1983. 64 VILLAGE OF GLENVIEW, ILLINOIS PUBLIC WORKS GARAGE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Revenues Interest Income $ 160,000 $ 103,372~' Expenditures Construction Costs 1,347,500 1,278,852 Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources $(1,187,500) $(1,175,480) Other Financing Sources Operating Transfers In Corporate Fund $ 120,000 $ 120,000f Revenue Sharing Fund 130,800 130,800v Waterworks and Sewerage - East 91,800 91,800~ Waterworks and Sewerage - West 58,200 58,200~ $ 400,800 $ 400,800 Excess (Deficiency) of Revenues and Other Sources over Expenditures $ (786,700) $ (774,680) Fund Balance January 1, 1983 1,295,040 December 31, 1983 (Page 62) $ 520,360 See accompanying Notes to the Financial Statements. VILLAGE OF GLENVIEW, ILLINOIS CAPITAL EQUIPMENT REPLACEMENT FUND STATEMENT OF REVENUES, EXPENDITURES, I AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 I Budget Actual I Revenues Miscellaneous $355,648 $401,742 I Interest Income 35,000 38,194 $390,648 $439,936 Expenditures Contractual Services $ 500 $ 3,403 Automobiles 339,500 249,669 I ~340,000 $253,072 Excess of Revenues over Expenditures $ 50,648 $186,864 I Fund Balance I January 1, 1983 419,693 December 31, 1983 (Page 62) $606,557 I See accompanying Notes to the Financial Statements. PROPRIETARY FUND TYPES I I I I i I I ! I I I I I I I i I I ENTERPRISE FUNDS I 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. 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), Operation~ Maintenance, Financing and related Debt Service, and Billing and Collection. Waterworks and Sewerage Fund - West The Water and Sewer Fund - West is used to account for the provision of water and sewer service to the residents of west Glenview and the unincorporated area adjacent to the western boarder of the Village. 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 Parking Lot Fund The Commuter Parking Lot Fund accounts for the activity involved with but not limited to the Administration (Finance Director), sale of permits and maintenance of the commuter parking facilities within the Village. VILLAGE OF GLENVIEW, ILLINOIS ENTERPRISE FUNDS COMBINING BALANCE SHEET DECEMBER 31, 1983 (See Following Page) VILLAGE OF GLENVIEW, ILLINOIS WaGer and Sewer Charses $1,163,881 $1,860,606 $3,024,487 $2,791,419 MiscellaneoUsTotal ~12 650 ~18,437 ~ ~31'087 ~36 090 Administration $ 139,380 $ 407,245 $ 31,601 $ 578,226 $ 558,244 Operations and Maintenance ls279,087 629,048 794 1,908,929 2,109,2§5 Depreciation and Amortization 136 666~ 216}547/ 5,289 358,502 356,877 Total ~ $1,252,840 ~ $2,845}657 $3,024,376 Income (Loss) $ (95,192)~ $ 668,132- $ 13,74% $ 586p687 $ 24}751 Interest Income $ 22,621 $ 15,350 $ 37,971 $ 112,307 Interest Expense $ (18,565) 4,056 ~)$ (552,562) $ 15;350 ~)(571'127) ~)(598'923) Financing (Uses) $ (91,136) $ 115,570 $ 29,097 $ 53,531 $ (461,865) OperatinS Transfers (Out) (130,751) (74t?16) - (205,467) (41,557) Net Income (LOSS) and Ouher Uses $ (221,887) $ 40,854 $ 29,097 $ (151,936) $ (503,~22) EarninEs - Unreserved $ (200,042) $ 40~854 $ 29,097 $ (130,091) $ (489,065) January I $3,323,011 $ 829,982 $225,615 $4,378,608 $4,855,784 Prior Period A~justments - (Note 3.D.4.a.) (6,541) (6,541) Other (Note 3.D.4.b.) 251,354 251,354 11 889 December 31 (PaEe 66) $3,116.428 $1~II2~190 $25&.?12 $4,493~330 $4~378.608 68 VILLA~ OF ~NVIEW, ILLINOIS ENO~m~RI~ FL%DS C~]I~ING STAT~ OF ~S ~ ~ ~R~~~31, 1~3 Water.s Water.s a~ a~ ~er S~r~ ~r~e Pa~ Totals ~-E~t ~-~t ~t ~ 1983 1~2 ~h ~s ~ovid~ ~ ~rat io~ Net I~ (~s) $(221,~7) $ ~,8~ $ ~,097 $(151,936) $ (503,422) ~d ~ ~h E~e ~r~iation 1~,666 216,547 353,213 351,5~ ~ i~ i~ 5,289 5,289 5,289 $ (85,221) $257,~1 $ ~,~6 $ ~,566 $ (146,545) ~ior ~riod ~nt ,354 251 59,850 ~r ~s ~ Un~e~ed Ret~ E~s 21,~5 21,~5 14,357 ~e in ~nt ~sets 3,859 5~00 9,359 550,697 ~re~e in ~trict~ ~ts $ (59,~) $~755 $ 39,~ $ ~9,124 $ 478,739 Incre~e C~re~ ~t~ ~ ~,11~ $ ~,113 $ 12,750 ~e ~ ~,ets ~ llg~81 113~881 692~72 P~ ~ ~i~i~l 105,~ 350,~ 455,0~ 455,0~ ~ce ~ior ~ri~ ~nt 6~1 6~1 47,961 ~re~e ~ Li~iliti~ (P~le ~ ~ ~ts) ~,517 131,832 176,~9 159,6~ ~cre~e ~nt ~iliti~ (P~le ~ ~trict~ ~ts) 3~ $ 269,939 $510,~5 - $ 7~,~ $1,1~,~5 Net Incr~e (~r~e) $(3~,456) $ (2,1~) $ 39,~6 $(291,7~) $ (689,~6) ~h and I~s Ja~a~ 1 (24,6~) ~,717 193,2~ 613,295 1,303,201 ~c~r 31 (P~e 66) $(3~,~) ~2,527 $233,~2 $ 321,535 $ 613,295 7o VILLAGE OF GLENVIEW, ILLINOIS WATERWORKS AND SEWERAGE FUND - EAST STATEMENT OF CHANGES IN RETAINED EARNINGS - RESERVED - RESTRICTED ACCOUNTS FOR THE YEAR ENDED DECEMBER 31, 1983 Bond Depreciation, Principal Extension Bond and and Reserve Interest Improvement Total Increases Interest Income $ 28,494 $ 28,452 $ 56,946 Intrafund Transfers from Operations and Maintenance Account 7,500 $66,315 24,000 97,815 Interfund Transfers from Waterworks and Sewerage Fund West 75,000 75,000 $ 35,994 $66,315 $127,452 $229,761 Decreases Iutrafund Transfers to Operations and Maintenance Payment of Bond Principal and Interest $66,315 $ 66,315 Purchase of Capital Assets $ 53,345 53,345 Extraordinary Repairs and 35,373 35,373 Net Increase $ 35,994 $ 38,734 $ 74,728 Account Balance January 1, 1983 309,721 - 331,722 641,443 December 31, 1983 (Page 69) $345,715 - $370,456 $716,171 See accompanying Notes to the Financial Statements. I 71 I VILLAGE OF GLENVIEW~ ILLINOIS WATERWORKS AND SE~RAGE FUND - EAST OPERATIONS AND HAINTENANCE ACCOUNT i STATEMENT OF REVENUES, EXPENSES ASD CRANGES IN RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31~ 1983 ! 1983 1982 Budget Actual Actual I Operating Revenues Water and Sewer Charses $1,233,900 $1,163,881 $1,103,349 Water Meter Repair Charges 500 216 Water Connection Charges !0,000 7,510 12,848 I Water Meters and Remote Readers 10,000 6,171 7,928 Administrative Support 120,800 120,800 116,098 Brass Fittings 1,500 2,033 315 Water for Construction 2,000 730 1,046 Intergovernmental 75,000 148,929 Operating Expenses (Pages 73-75) Water Administration $ 164,500 $ 139.380 $ 137,257 I Special Projects 5,500 8,307 Supply and Metering 735,702 709,929 747,027 Pumping Station 69,571 91,245 5B,265 Distribution System 131,699 134,691 113,916 I Sewer Operations and Maintenance 273,020 113,148 253,273 Overhead 225,841 230,074 205,510 136 666 135,041 I Operating Income (Loss) $ (124,433) $ (95,192) $ (386,203) Nonoperating Income (Expenses) f Interest Income $ 40,000 $ 22,621 $ 58,900 I lnterest Expense (16}090) (18,565) (22,735) $ 23~910 $ 4,056 $ 36,165 Net Income (Loss) before Other Financing (Uses) $ (I00t523) $ (91,136) $ (350,038) I Other Financing (Uses) Operating Transfers (Out) Illinois Municipal Retirement Fund $ (34,191) $ (34,191) $ (18,256) Debt Service Fund (4,760) (4,760) (5,045) I Public Works Garage Fund (91t800) (91,800) $ (130~751) $ (130~751) ~) Net Inc~ (Loss) and Other Uses $ (231,274) $ (221,887) $ (373,339) I Other in Unreserved Retained Changes Earnin&s Intrafund Transfers from Retained Earnings - Reserved - Restricted A~counts 21,845 14,357 i Increase (Decrease) in Retained Earnings - Unreserved $ (200,042) $ (358~982) Retained Earnings - Unreserved January 1 $3,323,011 $3,717,018 (Note 3.D.4.A.) (6,541) ! 73 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, 1983 Budget Actual Water Administration Contractual Professional Services $ 2,000 $ 2,019 Printing, Binding and Publication 50 5 Postage 7,000 4,545 Transfer to Corporate for Administrative Services 131,950 131,950 Transfers to Other Funds 179,475 228,566 Computer Supplies 3,500 861 $323,975 $367,946 Less Nonoperating Expenses Transfers to Other Funds 179,475 228,566 $144,500 $139,380 Special Projects Lehigh Water Main Replacement $ 10,000 $ 9,844 Lehigh/Chestnut Water Main 88,000 Lehigh/Chestnut Sanitary Sewer Repair 5,500 $103,500 $ 9,844 Less Nonoperating Expenses Fixed Assets to be Capitalized 98,500 9,844 $ 5,000 Supply and Metering Regular Salaries $ 18,650 $ 15,784 Overtime Salaries 1,052 2,418 Temporary Salaries 14,000 17,033 Contractual Professional Services 10,000 7,372 Water 680,000 650,230 Maintenance of Buildings 2,000 2,842 Operational Materials and Supplies 10,000 14,250 $735,702 $709,929 m VILLAGE OF GLENVIEW, ILLINOIS I WATERWORKS AND SEWERAGE FUND - EAST OPERATIONS AND MAINTENANCE ACCOUNT I STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 I Budget Actual i Pumping Station I Regular Salaries $ 13,366 $ 10,912 Overtime Salaries 6,315 3,785 Temporary Salaries 200 100 Contractual Professional Services 1,490 1,207 ~ Power and Light 35,000 49,359 Heating 4,470 2,797 Telephone 1,430 120 m Maintenance of Building 2,000 3,670 m Cleaning and Household Supplies 100 8 Maintenance Materials - Equipment 3,000 1,594 m Maintenance Materials - Building 800 1,719 Operating Materials and Supplies 1,400 759 2,200 15,215 Machinery and Equipment ~ 71,771 $ 91,245 m Less Nonoperating Expenses Machinery and Equipment 2,200 $ 69,571 $ 91,245 m Distribution System I Regular Salaries $ 65,754 $ 71,397 Overtime Salaries I8,945 9,159 Salaries 5,500 4,617 m Temporary Maintenance of Equipment 500 90 Maintenance of Buildings 13,000 17,853 Maintenance Materials - Buildings 17,000 23,507 · Operating Materials and Supplies 3,000 1,318 Machinery and Equipment 8,000 6,750 $131,699 ~134,691 I I I I I 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, 1983 Budget Actual Sewer Operations and Maintenance Regular Salaries $ 42,100 $ 54,761 Overtime Salaries 1,580 1,704 Temporary Salaries 3,200 1,823 Contractual Professional Services 200,OO0 30,772 Power and Light 3,200 2,961 Rentals 60 60 Maintenance of Equipment 700 1,164 Maintenance Materials - Equipment 2,700 1,539 Operating Materials and Supplies 3,830 2,701 Transfer to CERF 7,600 7,600 Transfer to MERF 8,050 8,063 $273,020 $113,148 Overhead Regular Salaries $ 95,443 $102,575 Overtime Salaries 200 22 Temporary Salaries 1,710 1,494 Longevity Pay 1,050 1,050 Dues, Subscriptions and Memberships 450 454 Maintenance of Equipment 75 2,900 2,445 Rentals Travel Expense 190 130 Training 1,000 1,143 Uniform Allowance 3,375 1,755 Office Supplies 650 19 Books, Pamphlets and Materials 150 131 Small Tools and Equipment 3,600 4,101 Transfer to CERF 47,798 47,798 Transfer to MERF 63,500 63,595 Machinery and Equipment 3,750 3,362 $225,841 $230,074 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, 1983 1983 1982 Budget Actual Actual Operating Revenues Water and Sewer Charges $1,924,000 $1,860,606 $1,688,070 Water Connection Charges 30,000 31,093 17,715 Water Meters and Remote Readers 5,000 10,836 5,790 Brass Fittings 1,000 751 Water for Construction 2,500 1,690 607 2,200 2,250 2,275 Turn on Charges 16,000 13,746 1,038 Miscellaneous $1,980,700 $1~920,972 $1,715,495 Operating Expenses (Pages 78-79) Water Administration $ 432,904 $ 407,245 $ 413,021 Supply and Metering 475,350 428,936 500,408 Pumping Station 127,913 126,882 150,678 Distribution System 122,490 73,230 71,871 Depreciation 216,547 216,547 $1,158,657 $1,252,840 $1,352,525 Operating Income $ 822,043 $ 668,132 $ 362,970 Nonoperating Income (Expenses) Interest Income $ 60,000 $ 35,486 Interest Expense (564,375) $ (552,562) (576,188) $ (504,375) $ (552,562) $ (540,702) Net Income (Loss) before Other Financing (Uses) $ 317,668 $ 115,570 $ (177,732) Other Financing (Uses) Operating Transfers (Out) Illinois Municipal Retirement Fund $ (16,516) $ (16,516) $ (18,256) Public Works Garage Fund (58,200) (58,200) .$ (74,716) $ (74,716) $ (18,256) Net Income (Loss) and Other Uses $ 242,952 $ 40,854 $ (195,988) Retained Earnings January 1 $ 829,982 $ 966,120 Prior Period Adjustment (Note 3.D.4.b.) 251,354 59,850 Adjusted Balances $1,081,336 $1,025,970 December 31 (Page 66) $1,122,190 $ 829~982 · 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, 1983 Budget Actual Waterworks Administration Contractual Professional Services $ 3,000 $ 3,019 Postage 7,050 4,550 Computer Supplies 3,500 853 Transfer to Corporate Fund for Administrative Expenses 199,900 199,900 Transfer to Waterworks and Sewerage Fund - East for Administrative Expenses 195,800 195,800 Transfers to Other Funds 930,891 930,891 Other Operating Expenses 23,654 3,123 $1,363,795 $1,338,136 Less Nonoperating Expenses Transfers to Other Funds 930,891 930,891 $ 432,904 $ 407,245 Supply and Metering Regular Salaries $ 12,420 $ 11,539 Overtime Salaries 530 141 Temporary Salaries 10,400 4,242 Water 440,000 399,066 Maintenance of Buildings 2,000 28 Operating Materials and Supplies 10,000 13,920 $ 475,350 $ 428,936 79 VILLAGE OF GLENVIEW, ILLINOIS WATERWORKS AND SEWERAGE FUND - WEST STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Pumping Station Regular Salaries $ 21,313 $ 18,723 Overtime Salaries 6,315 3,262 Temporary Salaries 200 824 Contractual Professional Services 1,490 2,241 Power and Light 82,000 61,039 Heating 2,070 1,109 Telephone 1,875 Maintenance of Buildings 3,200 18,215 Cleaning and Household Supplies 50 32 Maintenance Materials - Equipment 4,000 2,030 Maintenance Materials - Buildings 1,200 6,607 Operating Materials and Supplies 1,300 46 Building Improvements 9,002 Machinery and Equipment 2,900 3,352 $127,913 $126,482 Distribution System Regular Salaries $ 65,755 $ 34,130 14,735 4,795 Overtime Salaries Temporary Salaries 5,500 3,770 Maintenance of Equipment 500 50 Maintenance of Buildings 13,000 5,083 Maintenance Materials - Building 20,000 24,638 Operating Materials and Supplies 3,000 764 $122,490 $ 73,230 80 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, 1983 1983 1982 Budget Actual Actual Revenues Meter Fees $ 7,000 $ 5,566 $ 12,796 Parking Decals 47,000 45,865 48,443 ~54,000 $ 51,431 $ 61,239 Operating Expenses Contractual and Professional Services $25,975 $ 31,601 $ 7,876 Maintenance Materials 300 135 90 Operational Materials 1,000 659 5,289 5,289 Amortization ~ ~ ~ Operating Income $26,725 $ 13,747 $ 47,984 Nonoperating Income Interest 14,000 15,350 17,921 Net Income $12,725 $ 29,097 $ 65,905 Retained Earnings January 1 $225,615 $172,646(12,936) Prior Period Adjustment $225,615 $159,710 Adjusted Balance December 31 (Page 66) ~254,712 $225,615 See accompanying Notes to the Financial Statements. I I i ! ! I I i I ! I I I I I I I i INTERNALSERVICEFUNDS I I I I Fund Descriptions Regional Emergency Dispatch Center Fund The Regional Emergency Dispatch Center Fund, also referred to as RED, is used to account for the resources involved in dispatching fire and medical emergency services to a six community area. This fund is supported by contributions from the Isix member departments. As of December 31, 1983 the Regional Emergency Dispatch Center served the fire departments of: IVillage of Glenview Village of Morton Grove Village of Niles Glenbrook Fire Protection District INorth Maine Fire Protection District Prospect Heights Fire Protection District I Preparing Department iThis report for the Regional Emergency Dispatch Center Fund was prepared by the Village of Glenview's Finance Department, Dennis M. Lauer, Finance Director. 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, ifuel, and fixed overhead of the Village's repair facility. Fmergency Municipal Dispatch Equipment Totals Center F~nd Repair Fund 1983 1982 Operating R~venues (l~arges for Services $298,946 $388,170 $687,116 $558,957 Miscellm~o~s 3,069 9,161 12,230 9,910 $302,015 $397,331 $699,3~6 $568,867 A~ nistration $270,705 $270,705 $233,683 $353,397 353,397 351,977 O atio ,102 Operating Incom~ (Loss) $ 31,310 $ 43,934 $ 75,244 $(16,793) Nonoper ating Revenues Interest Income 3,130 2,490 5,620 3,425 Net Income (Loss) before Other Fina~ing (Uses) $ 34,440 $ 46,424 $ 80,864 $(13,368) Other Firm~ing (Uses) Operating Transfers (Out) Corporate Fcmd $(11,024) Illinois M~aicipal Retirenmnt Fund $(25,950) $(25,950) (24,655) Net Income (Loss) and Other Uses $ 8,490 $ 46,424 $ 54,914 $(49,047) Retained gamings January I 33,339 (64,~5) (31,6~6) 17,401 Dec~ber 31 (Page 81) $ 41,829 $(18,561) $ 23,268 $(31,646) VILLAGE OF GLENVIEW, ILLINOIS REGIONAL EMERGENCY DISPATCH CENTER FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Operating Revenues Charges for Services $298,946 $298,946 3,000 3,069 Miscellaneous $301,946 $302,015 Operating Expenses (Page 85) 271,920 270,705 Operating Income $ 30,026 $ 31,310 Nonoperating Revenues Interest Income 700 3,130 Net Income before Other Financing (Uses) $ 30,726 $ 34,440 Other Financing (Uses) Operating Transfers (Out) Illinois Municipal Retirement Fund (25,950) (25,950) Net Income and Other Uses $ 4~776 $ 8,490 Retained Earnings January 1, 1983 33,339 December 31, 1983 (Page 81) $ 41,829 See accompanying Notes to the Financial Statements. VILLAGE OF GLENVIEW, ILLINOIS REGIONAL EMERGENCY DISPATCH CENTER FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Regular Salaries $171,028 $162,711 Overtime Salaries 18,735 23,508 Holiday Pay 7,100 6,549 Longevity Pay 200 Contractual Professional Services 3,500 3,330 Printing, Binding and Publication 2,000 2,224 Postage 200 146 Telephone 21,000 18,979 Maintenance of Equipment 6,925 7,953 Rentals 16,828 15,055 Travel Expense 400 28 Uniform Allowance 1,150 1,150 Office Supplies 3,450 581 Books, Pamphlets and Materials 205 134 Operational Materials and Supplies 3,550 949 Improvements to Buildings 3,500 2,882 Furniture and Fixtures i,I00 1,041 Administration 11,049 11,049 Machinery and Equipment 12,436 Transfer to Other Funds 25,950 25,950 2~,870 $296,655 Less Non Operating Expenses Transfer to Other Funds 25,950 25,950 $271,920 $270,705 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, 1983 Budset Actual Operating Revenues Charges for Services $378,269 $388,170 9,161 Miscellaneous -~,269 ~397,331 Operating Expenses (Page 87) 378,269 353,397 - $ 43,934 Operating Income Nonoperating Revenues Interest Income $ 1,000 2,490 Net Income $ 1,000 $ 46,424 Retained Earnings (64,985) January 1, 1983 December 31, 1983 (Page 81) $(18,561) See accompanying Notes to the Financial Statements. VILLAGE OF GLENVIEW, ILLINOIS MUNICIPAL EQUIPMENT REPAIR FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Regular Salaries $119,244 $ 97,596 Overtime Salaries 2,300 2,050 Temporary Salaries 1,000 5,208 Contractual Professional Services 5,000 3,963 Heating 1,291 Maintenance of Equipment 13,000 18,338 Maintenance of Buildings 1,000 2,144 Uniform Allowance 2,475 2,220 Fuel 144,000 126,133 Motor Vehicle Supplies 14,900 37,717 Cleaning and Household Supplies 850 985 Maintenance Materials - Equipment 60,000 40,000 Maintenance Materials - Buildings 3,000 5,179 Small Tools and Equipment 2,000 2,205 Transfer to CERF 4,000 4,000 Other Maintenance 5,500 4,368 $378,269 $353,397 I i I I I I I I I I I I I I I I I I FIDUCIARY FUND TYPES i I I I I I I I I I I I I I I ! I I I TRUST AND AGENCY FUNDS I Fund Descriptions Expendable Trust 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. 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. Pension Trust Police Pension Fund The Police Pension Fund is used to account for the resources necessary to provide disability and retirement benefits to personnel of the Glenview Police Department. Firemen's Pension Fund The Firemen's Pension Fund is used to account for the resources necessary to provide disability and retirement benefits to personnel of the Glenview Fire Department. VILLAGE OF GLENVIEW, ILLINOIS TRUST AND AGENCY FUNDS EXPENDABLE TRUST FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1983 Escrow Totals Deposit Deposit 1983 1982 Revenues Miscellaneous Interest Income $75,907 $3,223 $79,130 $106,674 Expenditures Contractual Services - 2,969 2,969 1,488 Excess of Revenues over Expenditures before Other Financing (Uses) $75,907 $ 254 $76,161 $105,186 Other Financing (Uses) Operating Transfers In (Out) Corporate Fund (75,907) (75,907) (104,775) Excess of Revenues over Expenditures and Other Uses $ 254 $ 254 $ 411 Fund Balance January 1 - 1,014 1,014 $ 603 December 31 (Page 88) - $1,268 $ 1,268 $ 1,014 See accompanying Notes to the Financial Statements. 9O VILLAGE OF GLENVIEW, ILLINOIS TRUST AND AGENCY FUNDS PENSION TRUST FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED DECEMBER 31, 1983 Police Firemen'$ Pension Pension Totals Fund Fund 1983 1982 Revenues Taxes Property Taxes - Net $ 411,694 $ 289,572 $ 701,266 $ 528,695 Replacement Taxes 12,370 7,583 19,953 15,085 Miscellaneous Interest Income 345,171 276,688 621,859 504,593 Employee Contributions 133,504 89,521 223,025 208,953 Other 17,441 30,361 47,802 45,273 $ 920,180 $ 693,725 $1,613,905 $1,302,599 Expenses Pensions $ 238,965 $ 30,270 $ 269,235 $ 227,554 Other 1,475 1,225 2,700 2,785 $ 240,440 $ 31,495 $ 271,935 $ 230,339 Net Income $ 679,740 $ 662,230 $1,341,970 $1,072,260 Fund Balance* January 1 $2,930,685 $2,297,282 $5,227,967 $4,220,529 Prior Period Adjustments (64,822) Adjusted Balances $2,930,685 $2,297,282 $5,227,967 $4,155,707 December 31 (Page 88) $3,610,425 $2,959,512 $6,569,937 $5,227,967 See accompanying Notes to the Statements. Financial VILLAGE OF GLENVIEW, ILLINOIS TRUST AND AGENCY FUNDS PENSION TRUST FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION FOR THE YEAR ENDED DECEMBER 31, 1983 Police Firemen's Pension Pension Totals Fund Fund 1983 1982 Cash Was Provided By Operations Net Income $ 679,740 $ 662,230 $1,341,970 $1,072,260 Increase in Current Liabilities 248,872 Decrease in Current Assets 56,543 56,543 $ 679,740 $ 718,773 $1,398,513 $1,321,132 Cash Was Used To Increase Current Assets $ 10,856 $ 10,856 $ 239,372 Decrease Current Liabilities 10,247 $ 113,728 123,975 Finance Prior Period Adjustments 64,822 $ 21,103 $ 113,728 $ 134,831 $ 304,194 Net Increase $ 658,637 $ 605,045 $1,263,682 $1,016,938 Cash and Investments January 1 2,839,494 2,248,730 5,088,224 4,071,286 December 31 (Page 88) $3,498,131 $2,853,775 $6,351,906 $5,088,224 See accompanying Notes to the Financial Statements. VILLAGE OF GLENVIEW, ILLINOIS POLICE PENSION FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES .IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1983 Budget Actual Revenues Property Taxes - Current $416,619 $ 404,614 Property Taxes - Prior 7,080 Replacement Taxes 15,334 12,370 Employees' Contributions 130,191 133,504 Interest Income 258,000 345,171 Other 15,941 17,441 8~,085 $ 920,180 Expenses Pensions and Refunds $230,282 $ 238,965 Other Operating Expenses 750 1,475 -~,032 $ 240,440 Net Income $605~053 $ 679,740 Fund Balance (Note 3.B.l.b.) January 1, 1983 2,930,685 December 31, 1983 (Page 88) $3,610,425 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, 1983 Budget Actual Revenues Property Taxes - Current $293,175 $ 284,589 4,983 Property Taxes - Prior Replacement Taxes 10,791 7,583 Employees' Contributions 86,941 89,521 Interest Income 200,000 276,688 Foreign Fire Insurance Tax 18,000 18,893 11,468 11,468 Other ~ $ 693,725 Expenses $ 30,933 $ 30,270 Pensions 750 1,225 Other Operating Expenses $ 31,683 $ 31,495 Net Income $588,692 $ 662,230 Fund Balance (Note 3.B.l.c.) 2,297,282 January 1, 1983 December 31, 1983 (Page 88) $2,959,512 See accompanying Notes to the Financial Statements. I I I I I I I I I I I I I I I I I I ACCOUNT GROUPS I VILLAGE OF GLENVIEW, ILLINOIS GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF GENERAL FIXED ASSETS - BY SOURCE DECEMBER 31, 1983 1983 1982 GENERAL FIXED ASSETS Land $ 1,481,758 $ 1,481,758 Buildings and Improvements 5,826,593 5,826,593 Construction in Progress 1,278,852 Equipment 2,912,375 2,675,886 Furniture 269,709 269,709 Office Equipment 229,817 226,382 $11,999,104 $10,480,328 INVESTMENT IN GENERAL FIXED ASSETS General Revenues $ 9,649,104 $ 8,130,328 Bond Issues 2,350,000 2,350,000 $11,999,104 $10,480,328 See accompanying Notes to the Financial Statements. 96 VILLAGE OF GLENVIEW, ILLINOIS GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY DECEMBER 31, 1983 January 1, December 31, 1983 Additions Deletions 1983 Function and Activity General Government Executive $ 64,166 $ 64,166 A~ministrative 1,484,321 1,484,32I Finance 649,706 $ 3,435 653,141 Building and Grounds 128,336 128,336 Total General Government $ 2,326,529 $ 3,435 $ 2,329,964 Public Safety Police $ 2,363,963 $ 105,000 $ 52,500 $ 2,416,463 Fire 1,561,753 1,561,753 Total Public Safety $ 3,925,716 $ 105,000 $ 52,500 $ 3,978,216 Public Works Administration $1,278,852 $ 1,278,852 Building Division $ 840,542 840,542 Engineering 321,444 321,444 Street Division 2,313,989 234,500 $ 74,384 2,474,105 Equipment and Supplies Division 752,108 23,873 775,981 Total Public Works $ 4,228,083 $1,537,225 $ 74,384 $ 5,690,924 Total Fixed Assets $10,480,328 $1,645,660 $126,884 $11,999,104 I I I I I I I i I ! ! I I I I I ! I GENERAL LONG TERM DEBT ACCOUNT GROUP I I I I I I I I I ! ! I I I i I I I I SUPPLEMENTARY DATA ! VILLAGE OF GLENVIEW, ILLINOIS COMBINED STATEMENT 'OF OTHER INVESTMENTS DECEMBER 31, 1983 Interest Maturity I Fund Rate Date General m Corporate Glenview State Bank 8.850 3/5/84 $200,000 First Trust and Savings Bank 9.000 2/7/84 200,000 8.750 6/28/84 200,000 8.750 7/16/84 200,000 I · Cragin Federal Savings and Loan 9.650 2/9/84 100,000 $ 900,000 ! Special Revenue Library Glenview State Bank 8.600 1/16/84 $150,000 9.590 3/12/84 150,000 9.100 8/27/84 150,000 $450,000 ! Illinois Municipal Retirement Glenview State Bank 8.800 2/9/84 $240,000 9.690 3/7/84 100,000 m 9.000 5/18/84 225,000 565,000 Motor Fuel Tax First National Bank · of Chicago 9.150 2/28/84 $100,000 9.150 2/29/84 100,000 9.150 2/29/84 100,000 m First Trust and Savings Bank 8.625 4/17/84 400,000 Western Savinga and Loan 9.400 4/4/84 100,000 800,000 1,815,000 ! il ! 100 VILLAGE OF GLENVIEW, ILLINOIS COMBINED STATEMENT OF OTHER INVESTMENTS DECEMBER 31, 1983 Interest Maturity Fund Rate Date Capital Projects Village Hall Construction Cragin Federal Savings and Loan 9.650 2/10/84 $106,904 Public Works Garage Glenview State Bank 8.650 3/12/84 $100,000 Cragin Federal Savings and Loan 9.500 4/9/84 100,000 First Trust and Savings Bank 9.130 1/7/84 350,000 550,000 Capital Equipment Replacement Glenview State Bank 9.450 1/31/84 $100,000 9.250 4/11/84 200,000 First Trust and Savings Bank 9.250 1/31/84 100,000 Cragin Federal Savings and Loan 9.700 5/7/84 250,000 650,000 $1,306,904 Enterprise Waterworks and Sewerage- East Glenview State Bank 9.450 6/15/84 $245,000 9.350 4/10/84 100,000 First National Bank of Chicago 9.300 5/14/84 103,881 Cragin Federal Savings and Loan 9.750 4/10/84 107,868 9.700 4/26/84 104,550 First Trust and Savings Bank 9.250 2/6/84 100,000 $761,299 Commuter Parking Lot Glenview State Bank 8.900 7/3/84 210,000 971,299 Internal Service Regional Emergency Dispatch Center 7.900 1/6/84 52,321 VILLAGE OF GLENVIEW, ILLINOIS COMBINED STATEMENT OF OTHER INVESTMENTS DECEMBER 31, 1983 Interest Maturity Fund Rate Date Trust and Agency Escrow Deposit Glenview State Bank 8.800 1/30/84 $225,000 First National Bank of Chicago 9.150 2/29/84 102,050 9.150 2/29/84 102,050 9.300 5/14/84 200,000 First Trust and Savings Bank 8.675 4/24/84 200,000 $ 829,100 Police Pension Glenview State Bank 8.700 3/12/84 $100,000 Cragin Federal Savings and Loan 10.000 2/21/84 100,000 Glenview Federal Savings and Loan 9.000 1/31/84 171,941 U.S. Treasury Notes and Bonds 6.380 8/15/84 40,687 6.380 8/15/84 29,100 15.880 9/30/85 227,625 7.880 5/15/86 284,109 6.130 11/15/86 92,265 10.500 6/30/87 489,219 15.380 10/15/88 169,781 15.380 10/15/88 259,531 11.880 10/15/89 255,000 10.500 1/15/90 698,031 8.250 5/15/90 136,176 6.750 2/15/93 90,515 8.500 5/15/99 53,465 8.380 8/15/00 . 243,242 3,440,687 102 VILLAGE OF GLENVIEW, ILLINOIS COMBINED STATEMENT OF OTHER INVESTMENTS DECEMBER 31, 1983 Interest Maturity Fund Rate Date Trust and Agency (Cont.) Firemen's Pension Cragin Federal Savings and Loan 10.000 2/21/84 $i00,000 9.750 3/15/84 104,837 Glenview State Bank 8.550 3/29/84 250,000 U.S. Treasury Notes and Bonds 15.000 1/31/84 500,938 7.880 5/15/86 154,716 14.000 7/15/88 566,562 11.880 10/15/89 255,000 10.750 11/15/89 605,250 8.500 5/15/99 134,393 8.380 8/15/00 145,945 $2,817,641 $ 7,087,428 $12,132,952 104 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERMDEBT REQUIREMENTS WAUKEGAN ROAD SANITARY DISTRICT GENERAL OBLIGATION SANITARY SEWER BONDS OF 1968 DECEMBER 31, 1983 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 Ye ar Ended Tax Levy Coupons Due on Dec. 31 Principal Interest Total June 1 Amount Dec. 1 Amount 1984 $ 4,000 $ 570 $ 4,570 1984 $285 1984 $285 1985 5,000 356 5,356 1985 178 1985 178 1986 5,000 119 5,119 1985 60 1986 59 $14,000 $1,045 $15,045 $523 $522 This issue was assumed by the Village during 1980. 105 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERMDEBT REQUIREMENTS POLICE ADMINISTRATION BUILDING BONDS OF 1972 DECEMBER 31, 1983 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 1984 1983 144-166 $115,000 $ 32,515 $147,515 1984 $16,257 1985 $16,258 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 .$685,000 $111,402 $796,402 $55,699 $55,703 106 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERMDEBT REQUIREMENTS MUNICIPAL BUILDING BOND SERIES OF 1979 DECEMBER 31, 1983 Date of Issue April 1, 1979 Date of Maturity January 1, 1991 Authorized Issue $950,000 Actual Issue $950,000 Denomination of Bonds 1 - 190 - $5,000 Interest Rates Bonds 1 - 70 - 5.30% Bonds 71 - 160 - 5.40% Bonds 161 - 190 - 5.50% Interest Dates July 1 and January 1 Principal Maturity Date January 1 Payable at Amalgamated Trust and Savings Bank Chicago, Illinois CURRENT AND FUTURE PRINCIPAL AND INTEREST REOUIREMENTS Tax Fiscal Levy Bond Tax Levy Coupons Due on Year Year Numbers Principal Interest Total July 1 Amount Jan. 1 Amount 1984 1983 31-50 $i00 000 $ 43,150 $143,150 1984 $21,575 1985 $21,575 1985 1984 51-70 i00 000 37,850 137,850 1985 18,925 1986 18,925 1986 1985 71-90 100.000 32,550 132,550 1986 16,275 1987 16,275 1987 1986 91-110 100 000 27,150 127,150 1987 13,575 1988 13,575 1988 1987 111-130 100.000 21,750 121,750 1988 10,875 1989 10,875 1989 1988 131-160 150 000 16,350 166,350 1989 8,175 1990 8,175 1990 1989 161-190 150.000 8,250 158,250 1990 4~125 1991 4,125 $800,000 $187,050 $987,050 $93,525 $93,525 107 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERMDEBT REQUIREMENTS SPECIAL SERVICE AREA #1 BONDS OF 1980 DECEMBER 31, 1983 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 Fiscal Levy Bond Tax Levy Coupons Due on Year Year Numbers Principal Interest Total July 31 Amount Jan. 31 Amount 1983 1982 $ 1,470 $ 1,470 1984 $i,470 1984 1983 22-28 $ 7,000 2,730 9,730 1984 $1,470 1985 1,260 1985 1984 29-35 7,000 2,310 9,310 1985 1,260 1986 1,050 1986 1985 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 $49,000 $11,760 $60,760 $5,880 $5,880 108 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERM DEBT REQUIREMENTS SPECIAL SERVICE AREA #2 BOND OF 1981 DECEMBER 31, 1983 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 1984 1983 $ 1,634 $ 2,895 $ 4,529 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 $34,463 $22,155 $56,618 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERM DEBT REQUIREMENTS SPECIAL SERVICE AREA #3 BOND OF 1982 DECEMBER 31, 1983 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 1984 1983 $ 1,075 $ 1,905 $ 2,980 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 $22,674 $14,575 $37,249 110 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERMDEBT REQUIREMENTS SPECIAL SERVICE AREA #4 BOND OF 1982 DECEMBER 31, 1983 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 REQUIREMBNTS Tax Fiscal Levy Tax Levy Year Year Principal Interest Total 1983 1982 $ 8,100 $ 8,100 1984 1983 $ 5,867 7,970 13,837 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 $90,000 $56,477 $146,477 111 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERMDEBT REQUIREMENTS CORPORATE PURPOSE BOND SERIES OF 1976 DECEMBER 31, 1983 Date of Issue September 1, 1976 Date of M~turity 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 January2 let July 1 Principal Maturity Date January 1 Payable at TheChicago, Northern Illinois Trust Company, CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS Year Ended Bond Coupons Due on Dec. 31 Numbers Principal Interest Total July 1 Amount Jan. 1 Amount 1984 58-67 $ 50,000 $ 4,850 $ 54,850 1984 $2,425 1985 $ 2,425 1985 68-77 50,000 2,450 52,450 1985 1,225 1986 1,225 $100~000 $ 7,300 $107,300 $3,650 ~ 3,650 Note: The principal and interest will be paid by Waterworks and Sewerage Fund - East. 112 ! ~ I ~~ o o o~ '~ i 114 VILLAGE OF GLENVIEW, ILLINOIS LONG-TERM DEBT REQUIREMENTS WATERWORKS AND SEWERAGE FUND WATERWORKS AND SEWERAGE REVENUE BOND SERIES OF 1964 DECEMBER 31, 1983 Date of Issue April 6, 1964 Date of Maturity May 1, 1988 Authorized Issue $1,200,000 Actual Issue $1,100,000 Denomination of Bonds 1 to 220 - $5,000 Interest Rates 1965 to 1980 - 3.25% 1981 to 1985 - 3.40% 1986 to 1988 - 3.50% Interest Dates May 1 and November 1 Principal Maturity Date May 1 Payable at Central National Bank CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS Year Ended Bond Coupons Due on Dec. 31 Numbers Principal Interest Total May 1 Amount Nov. 1 Amount 1984 161-172 $ 60,000 $ 9,360 $ 69,360 1984 $ 5,190 1984 $ 4,170 1985 173-184 60,000 7,320 67,320 1985 4,170 1985 3,150 1986 185-196 60,000 5,250 65,250 1986 3,150 1986 2,100 1987 197-208 60,000 3,150 63,150 1987 2,100 1987 1,050 1988 209-220 60,000 1,050 61,050 1988 1,050 $300,000 $26,130 $326,130 $15,660 $10,470 I I I i I ! I i ! ! Statistical Section I ! I I I I I I i i 116 m I I · .~ ~ VILLAGE OF GLENVIEW, ILLINOIS PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS LAST TEN FISCAL YEARS DECEMBER 31, 1983 (See Following Page) 117 118 VILLAGE OF GLENVIEW, ILLINOIS ~ ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS DECEMBER 31~ 1983 Ratio of Total Assessed Value to Tax Levy Assessed Estimated Actual Total Estimated Year Value Value Actual Value 1974 $155,430,287 $ 466,290,861 .333 1975 158959,581 476,878,743 .333 1976 182 975,478 548,926,434 .333 1977 182 563,625 547690,875 .333 1978 193.300,215 579900,645 .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 1) 1983 352.000,000 1,056,000,000 .333 1) Estimated - 1983 Assessed Valuation was not available at the date of this report. VILLAGE OF GLENVIEW, ILLINOIS ~ SPECIAL ASSESSMENT COLLECTIONS LAST TEN FISCAL YEARS DECEMBER 31, 1983 Current Total Fiscal Assessments Outstanding Year Collected Assessments 1975 12,029 98,955 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 - 1) Reflects change in fiscal year from April 30 to December 31. I 122 I I I 123 STATEMENT OF LEGAL DEBT MARGIN DECEMBER 31, 1983 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. I 125 VILLAGE OF ~N'v-iEW, ILLINOIS ~ m STATM~qT OF REVENtlE B3~) ODVEP.~GE LAST T~N FISCAL YEARS DEC~2~ 31, 1983 I (3) (4) (2) Direct Net Reveme (5) Fiscal Operating Operating A~il~ble f~r Debt Service R~uirements I Year Revemues ~enses Debt Service Principal Interest Total Coverage 1975 705 ~578 674,015 31,563 45,000 25,083 70,083 .46 I 1976 762,331 660,583 101,748 45,000 23,620 68,620 1.48 I 1977 1,143,916 958,619 185,2~7 70,000 46,478 116,478 .63 1978 1,549,318 1,483,031 66,287 45,000 39,765 84,765 .79 m 1979 2,430,218 1,466,889 963,329 240,000 250,175 490,175 1.96 (1) 1979 1,738,736 1,198,435 540,301 190,000 247,42B 437,428 1.24 I 1980 4,057,195 2,315,595 1,741,600 340,000 644,905 984,~05 1.77 m 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 1,053,923 .63 i 1983 3,380,913 2,122,910 1,258,003 455,000 571,127 1,026,127 1.23 Note: I (1) Reflects operatioas for eight months d~e to change in fiscal year from April 30 to December 31. (2) ~m defined in ~pplic~ble bond indentuces and go, ming lm~s, revenues include operating re~nues of the i Waterworks and Sewerage Fund - East and Waterworks and S~erage Fund - West. (3) Per bond ordinance require~nts, direct operating expenses include operating expenses less depceciation less the armual traasfer to the Corporate Fund for administrative ove~he~ as computed below: m waterworks and ~te~rks and 1983 Sewerage Fund - East Sewerage Fund - West Total I Operating Expenses $1,555,133 $1,252,~+0 $2,807,973 Less Depreciation (136,666) (216,547) (353,213) I Less: A~noal Transfer to Corporate Fund for Administrative Overhead (131,950) (199,900) (331,850) I $1,286,517 $ 836,393 $2,122,910 I(4) Operating red, eries mires direct operating expenses. (5) Net revemue available for debt service divided by total debt requirements. I 126 VILLAGE OF GLENVIEW, ILLINOIS ~ SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS DECgMEER 31, 1983 Annual Amount of Salary Surety Bond Village President $ 1,200 $250,000 Village Trustees 300 250 000 Village Treasurer - 250 000 Village Manager 54,000 250 000 Village Clerk 900 250 000 44,400 250 000 Finance Director Purchasing Agent 27,816 250 000 Accountant 22,908 250,000 Assistant Village Manager 32,700 250~000 Administrative Assistant to the Village Manager 24,468 250,000 Police Chief 44,200 250,000 Deputy Police Chief 39,144 250,000 Police Commander 36,336 250,000 Fire Marshal 45,150 250,000 Administrative Assistant to the Fire Marshal 37,152 250,000 Fire Captain 37,152 250,000 Director of Development and Public Services 47,800 250,000 Administrative Assistant to Director of Development and Public Services 28,320 250,000 Community Development Planner 27,348 250,000 Engineering Administrator 40,368 250,000 Public Works Superintendent 36,780 250,000 Director of Building and Zoning 40,368 250,000 Water Distribution Superintendent 36,780 250,000 Head Librarian 42,765 250,000 127 VILLAGE OF GLENVIEW, ILLINOIS DEMOGRAPHIC STATISTICS LAST TEN FISCAL YEARS DECEMBER 31, 1983 (1) Education (1) Level In (2) Per (1) Years of School (3) Fiscal (1) Capita Median Formal Enroll- Unemploy- Year ~opulation Income Age Schooling ment ment 1974 29,134 8,188 30.2 15.0 3,912 3.5 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 13,282 31.7 15.3 3,003 4.3 1981 32,200 14,113 33.5 15.3 2,916 4.7 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 (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 Finance Department. (2) Glenview School District #34 actual count. (3) Illinois Department of Labor, Research Division. Figures for 1975 to 1981 are actual; other years estimated from statewide averages. 129 VILLAGE OF GLENVIEW, ILLINOIS MUNICIPAL SERVICES AND FACILITIES DECEMBER 31, 1983 Number of Full Time Employees (on December 31, 1983) 189 Miles of Streets (Maintained by Glenview 86 (Maintained by Cook Co. & State of Illinois 22 Miles of Alleys 2.2 Miles of Sewers (Sanitary Sewer 85 (Storm Sewer 74 Number of Village owned Street Lights 66 Building Activity Number of Permits Issued in 1983 642 Value of Construction Authorized in 1983 $10,448,504 131 VILLAGE OF GLENVIEW, ILLINOIS ~ MISCELLANEOUS STATISTICS DECEMBER 31, 1983 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 1983 33,131 Number of Total Housing Units (1980 Census) 10,997 Median Yalue Owner occupied Noncondominlum Housing Units 111,900 Distribution of Owner - Occupied Noncondominium Housing Units by Yalue 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 i .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 (1983) $202,879,200 VILLAGE OF GLENVIEW, ILLINOIS MISCELLANEOUS STATISTICS DECEMBER 31, 1983 Fire Protection Number of Firemen 39 Number of Stations 1 N~nber 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 134,745 Number of Registered Borrowers 23,206 1983 Book Circulation 395,613 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 .' red Number of Parking Spaces ~ Municipal Water Utility Accounts Served - Water and Sewer Fund East 7,201 Accounts Served - Water and Sewer Fund West 4,702 Municipal Water Consumption (Billed) > Residential Accounts 1,331,966 Commercial Accounts ~/T~/~/O~3 269,963 Institutional Accounts 82,873 Total Gallons (Billed) 1983 1,684,802 S 7o~4~e c~P, m ~. 133 · VILLAGE OF GLENVIEW~ ILLINOIS MANAGEMENT LETTER FOR THE YEAR ENDED DECEMBER 31, 1983 February 16, 1984 The Honorable Thomas E. Smith, President Members of the Board of Trustees Village of Glenview, Illinois In connection with our examination of the financial statements of the Village of Glenview for the year ended December 31, 1983, we reviewed and tested the Village's system of internal accounting control. Our review was limited to the extent we considered necessary to evaluate the system as required by generally accepted auditing standards, and was not designed for the purpose of expressing an opinion on internal control or disclosing all weaknesses which may be present in the system. The purpose of such evaluation is to establish a basis for reliance in determining the nature, timing and extent of auditing procedures that are necessary for expressing an opinion on the financial statements. We do not intend to imply that our examination failed to disclose commendable aspects of your system. However, we herein submit our comments and suggestions for improvement in internal controls and procedures. Those less-significant matters which arose during the course of the audit were reviewed with management as the audit field work progressed. Status of prior year's recommendations: 1. Fixed Assets Inventory At December 31, 1982, we had recommended that the Village perform a physical inspection of fixed assets. The benefits that be derived from such inspection include the can strengthening of internal control over fixed assets as well Bank of Wheaton Building · 211 South Wheaton Avenue · Wheaton, Illinois 60187 · (312) 665-4510 Village of Glenview, Illinois Page 2 Prior year's recommendations (continued): as the creation of a formal document that can be reconciled with the accounting records and also used to ensure the adequacy of insurance coverges. During 1983, a physical inspection was performed by an independent appraisal firm. Management is currently working to reconcile the appraisal with the accounting records. This process should be completed in time for the December 31, 1984 annual audit. 2. Water and Sewer Funds Financial Condition At December 31, 1982, we had recommended that the Village consider increasing revenues and/or decreasing expenses in each of the Water and Sewer Funds that cash to help ensure adequate balances will be available to finance expenses when incurred. During 1983, both funds performed better than 1982, but indications are the East Fund could use even more improvement. The following key financial elements are extracted from the 1983 financial statements and compared to 1982 figures: Waterworks and Sewerage Fund - East 1983 1982 Water & Sewer Charges $1,163,881 $1,103,349 Operating Expenses 1,555,133 1,658,596 Operating Income (Loss) (95,192) (386,203) Net Income (Loss) (221,887) (373,339) Cash and Investments - Unrestricted (354,084) (24,628) Waterworks and Sewerage Fund - West 1983 1982 Water & Sewer Charges $1,860,606 $1,688,070 Operating Expenses 1,252,840 1,352,525 Operating Income (Loss) 668,132 362,970 Net Income (Loss) 40,854 (195,988) Cash and Investments - Unrestricted 442,427 444,717 Village of Glenview, Illinois Page 3 Prior year's recommendations (continued): Ail areas showed improvement in 1983, except for cash and investment balances especially in the East Fund. The $329,456 decrease was largely due to the net loss of $221,887 and the payback of interfund loans that existed at December 31, 1982. Also, the continued net loss position of the East Fund is a potentially major problem. A proposed rate increase in 1984 could go a long way in eliminating this loss position. We again recomm~end that the Village closely monitor the East Fund's operations during 1984. The West Fund had a very good showing in 1983 as compared to 1982. The $172,536 increase in water and sewer revenue billed as well as a $99,685 decrease in operating expenses were the major reasons for this favorable comparison. 3. Payroll System Internal Control In our detail tests of the Village's payroll system for the fiscal year ended December 31, 1982, applications and W-4 forms for certain part-time and summer employees were not located. In order to ensure adequate internal control over payroll, we had recommended that the Village keep a file of applications and W-4 forms for all and and perform part-time summer employees periodic reconciliations of these files to actual payrolls. During our 1983 detail audit tests, we found that this recom- mendation was implemented. 4. Municipal Equipment Repair Fund The Municipal Equipment Repair Fund (MERF) experienced a $64,985 net loss in 1982. In order to ensure that each supporting fund is being charged their applicable portion of repair costs in the appropriate accounting period, it is that MERF operate necessary at a break-even level. We had recommended that rates being charged to each Fund be adjusted to reflect actual expenses and that each fund be billed on a more timely basis to match expenditures with the proper accounting period. In 1983, the Village implemented these recommendations in the MERF Fund. The fund reflected a $46,424 net income that increased retained earnings from $(64,985) to $(18,561). We recommend that the Village closely monitor the MERF Fund operations in 1984 to ensure that this negative retained earnings position is eliminated. Village of Glenview, Illinois Page 4 Prior year's recommendations (continued): 5. Village Hall Construction Fund The Village Hall Construction Fund incurred expenditures in 1982 and 1983 that were not incorporated into either year's budgets. The Village, however, does adopt annual budgets for both of the other Capital Projects Funds, the Public Works Garage Fund and the Capital Equipment Replacement Fund. By not adopting a budget in the Village Hall Construction Fund, budgets are not being utilized consistently within the Capital Projects Funds. We again recommend that an annual budget be adopted in the Village Hall Construction Fund in the year in which the expenditures are expected to be incurred. Our current recommendation is as follows: 1. Public Library Parking Lot Bonds of 1976 The Public Library Parking Lot Bonds of 1976 Debt Service Fund has a fund balance of $42,292 at December 31, 1983. Ail bonds and related interest costs of the 1976 issue have been paid in full. Therefore, there is no need to keep this fund on the books. We recommend that the Village consult legal counsel in determining where to transfer this remaining fund balance. We wish to express our thanks to the Board and Staff, in particular the Finance Department, for their help and cooperation throughout the audit engagement. Respectfully submitted, Karrison & Byrne