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
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I Introductory Section
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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.
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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.
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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
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* 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
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I Financial Section
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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
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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
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I
I GOVERNMENTAL FUND TYPES
I
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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.
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I DEBT SERVICE FUNDS
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Fund Description
The Debt Service Funds are used to account for the accumulation of resources for
the payment of General Long-Term Debt. The following issues are being retired by
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)
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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
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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
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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)
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 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
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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
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VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 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
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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
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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
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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.
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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
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I TRUST AND AGENCY FUNDS
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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.
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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.
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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.
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
DECEMBER 31, 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
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I SUPPLEMENTARY DATA
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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
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Cragin Federal
Savings and Loan 9.650 2/9/84 100,000 $ 900,000
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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.
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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
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VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1983
(See Following Page)
117
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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.
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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.
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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
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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
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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,
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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