HomeMy Public PortalAbout1982 Comprehensive Annual Financial ReportCOMPREHENSIVE
ANNUAL
FINANCIAL REPORT
FOR THE
FISCAL YEAR ENDED
DECEMBER 31, 1 982
PREPARED BY
DENNIS M. LAUER
FINANCE DIRECTOR
VILLAGE OF GLENVIEW
TABLE OF CONTENTS
INTRODUCTORY SECTION
PAGE
Principal Officials i
Organization Chart ii
Village Manager's Letter of Transmittal ~ll - ZV
Director of Finance's Letter of Transmittal I - VIII
FINANCIAL SECTION
AUDITORS' REPORT ON THE FINANCIAL STATEMENTS 1 - 2
COMBINED STATEMENTS - OVERVIEW ("Liftable" General Purpose
Financial Statements)
Combined Balance Sheet - All Fund Types and Account Groups 3
Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances - Ail Governmental and Fiduciary
(Expendable Trust) Fund Types 4
Combined Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual -
General, Special Revenue, Debt Service, and
Capital Projects Fnnd 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 -
'All Proprietary and Fiduciary (Pension Trust) Fund Types 7
Notes to the Financial Statements 8 - 38
COMBINING AND INDIVIDUAL FUNDS FINANCIAL STATEMENTS
GOVERNMENTAL FUND TYPES
GENERAL FUND
CORPORATE FUND
Financial Statements
Balance Sheet 39
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 40
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PAGE
GOVERNMENTAL FUND TYPES (CONT.)
GENERAL FUND (CONT.)
CORPORATE FUND (CONT.)
Supplemental Statements
Statement of Revenues - Budget and Actual 41
Statement of Expenditures - Budget and Actual 42 -
SPECIAL REVENUE FUNDS
All Funds
Financial Statements
Combining Balance Sheet 54
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances 55
Library Fund
Financial Statements
Balance Sheet (See P. 54)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 56
Supplemental Statements
Statement of Expenditures - Budget and Actual 57
Federal Revenue Sharing Fund
Financial Statements
Balance Sheet (See P. 54)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 58
Illinois Municipal Retirement Fund
Financial Statements
Balance Sheet (See P. 54)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 59
Motor Fuel Tax Fund
Financial Statements
Balance Sheet (See P. 54)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 60
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PAGE
GOVERNMENTAL FUND TYPES (CONT.)
DEBT SERVICE FUNDS
All Funds
Financial Statements
Combining Balance Sheet 61
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual 62
Supplemental Statement
Combining Statement of Revenues and Expenditures -
Budget and Actual 63
CAPITAL PROJECTS FUNDS
All Funds
Financial Statements
Combining Balance Sheet 64
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual 65
Village Hall Construction Fund
Financial Statements
Balance Sheet (See P. 64)
Statement of Revenues, Expenditures, and
Changes in Fund Balance (See P. 65)
Public Works Garage Fund
Financial Statements
Balance Sheet (See P. 64)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 66
Capital Equipment Replacement Fund
Financial Statements
Balance Sheet (See P. 64)
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual 67
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PAGE
GOVERNMENTAL FUND TYPES (CONT.)
CAPITAL PROJECTS FUNDS (CONT.)
Special Service Area No. 4 Fund
Financial Statements
Balance Sheet (See P. 64)
Statement of Revenues, Expenditures, and
Changes in Fund Balance (See P. 65)
SPECIAL ASSESSMENT FUND
Special Assessment Fund
Financial Statements
Combining Balance Sheet 68
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances 69
PROPRIETARY FUND TYPES
ENTERPRISE FUNDS
All Funds
Financial Statements
Combining Balance Sheet 70
Combining Statement of Revenues, Expenses, and
Changes in Retained Earnings - Unreserved 71
Combining Statement of Changes in Financial Position 72
Waterworks and Sewerage Fund - East
Financial Statements
Balance Sheet 73
Statement
of
Changes in Retained Earnings - Reserved -
Restricted Accounts 74
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Unreserved - Budget and Actual 75
Statement of Changes in Financial Position (See P. 72)
Supplemental Statements
Statement of Fixed Assets and Depreciation 76
Statement of Operating Expenses - Budget and Actual 77 - 79
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PAGE
PROPRIETARY FUND TYPES (CONT.)
ENTERPRISE FUNDS (CONT.)
Waterworks and Sewerage Fund - West
Financial Statements
Balance Sheet (See P. 70)
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Unreserved - Budget
and Actual 80
Statement of Changes in Financial Position (See P. 72)
Supplemental Statements
Statement of Fixed Assets and Depreciation 81
Statement of Operating Expenses - Budget
and Actual 82 - 83
Commuter Parking Lot Fund
Financial Statements
Balance Sheet (See P. 70)
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual 84
Statement of Changes in Financial Position (See P. 72)
INTERNAL SERVICE FUNDS
Ail Funds
Financial Statements
Combining Balance Sheet 85
Combining Statement of Revenues, Expenses,
and Changes in Retained Earnings 86
Combining Statement of Changes in Financial Position 87
Regional Emergency Dispatch Center Fund
Financial Statements
Balance Sheet (See P. 85)
Statement of Revenues, Expenses, and
Changes in Retained Earnings 88
Statement of Changes in Financial Position (See P. 87)
Supplemental Statement
Statement of Operating Expenses - Budget and Actual 89
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PAGE
PROPRIETARY FUND TYPES (CONT.)
INTERNAL SERVICE FUNDS (CONT.)
Municipal Equipment Repair Fund
Financial Statements
Balance Sheet (See P. 85)
Statement of Revenues, Expenses, and Changes
in Retained Earnings - Budget and Actual 90
Statement of Changes in Financial Position (See P. 87)
Supplemental Statement
Statement of Operating Expenses - Budget and Actual 91
FIDUCIARY FUND TYPES
TRUST AND AGENCY FUNDS
Ail Funds
Financial Statements
Combining Balance Sheet 92
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances (Expendable
Trust Funds) 93
Combining Statement of Revenues, Expenses, and
Changes in Fund Balances (Pension Trust Funds) 94
Combining Statement of Changes in Financial
Position (Pension Trust Funds) 95
Expendable Trust Funds
Escrow Deposit Fund
Financial Statements
Balance Sheet (See P. 92)
Statement of Revenues, Expenditures, and
Changes in Fund Balance (See P. 93)
Deposit Fund
Financial Statements
Balance Sheet (See P. 92)
Statement of Revenues, Expenditures, and
Changes in Fund Balance (See P. 93)
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PAGE
FIDUCIARY FUND TYPES (CONT.)
TRUST AND AGENCY FUNDS (CONT.)
Pension Trust Funds
Police Pension Fund
Financial Statements
Balance Sheet (See P. 92)
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual 96
Statement of Changes in Financial Position (See P. 95)
Firemen's Pension Fund
Financial Statements
Balance Sheet (See P. 92)
Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual 97
Statement of Changes in Financial Position (See P. 95)
ACCOUNT GROUPS
GENERAL FIXED ASSETS ACCOUNT GROUP
Financial Statements
Statement of General Fixed Assets 98
Supplemental Statements
Statement of General Fixed Assets - By Function
and Activity 99
Statement of Changes in General Fixed Assets -
By Function and Activity 100
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Financial Statements
Statement of General Long-Term Debt 101
SUPPLEMENTAL DATA
Combined Statement of Cash and Investments 102
Combined Statement of Investments 103 - 106
Statement of Insurance in Force 107
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PAGE
SUPPLEMENTARY DATA (CONT.)
Long-TermDebt Requirements
Waukegan Road Sanitary District Sewer Bonds of 1968 108
Police Administration Building Bonds of 1972 109
Corporate Purpose Bond Series of 1976 110
Corporate Purpose Bond Series of 1977 111
Corporate Purpose Bond Series of 1979 112
Municipal Building Bond Series of 1979 113
Special Service Area ~1 Bonds of 1980 114
Special Service Area #2 Bond of 1981 115
Special Service Area #3 Bond of 1981 116
Special Service Area #4 Bond of 1982 117
Waterworks and Sewerage Revenue Bond Series of 1964 118
STATISTICAL SECTION
General Governmental Revenues by Source -
Last Ten Fiscal Years 119
General Governmental Expenditures by
Function - Last Ten Fiscal Years 120
Property Tax Assessed Valuations, Rates, Extensions
and Collections - Last Ten Fiscal Years 121
Assessed and Estimated Actual Value of Taxable
Property - Last Ten Fiscal Years 122
Property Tax Rates - All Overlapping Governments -
Last Ten Fiscal Years 123
Special Assessment Collections - Last Ten Fiscal Years 124
Ratio of Net General Bonded Debt to Assessed
Value and Net Bonded Debt Per Capita -
Last Ten Fiscal Years 125
Statement of Direct and Overlapping Debt 126
Statement of Legal Debt Margin 127
Ratio of Annual Debt Service Expenditures for
General Obligation Debt to Total General Expenditures -
Last Ten Fiscal Years 128
Statement of Revenue Bond Coverage - Last Ten Fiscal Years 129
Salaries and Surety Bonds of Principal Officials 130
TABLE OF CONTENTS (CONT.)
STATISTICAL SECTION (CONT.)
PAGE
Demographic Statistics 131
Property Value, Construction and Bank Deposits -
Last Ten Fiscal Years 132
Principal Taxpayers 133
Municipal Services and Facilities 134
Miscellaneous Statistics 135 - 136
Ten Wealthiest Illinois Communities - 1980 Census 137
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! Introductory Section
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VILLAGE OF GLENVIEW, ILLINOIS
PRINCIPAL OFFICIALS
DECEMBER 31, 1982
LEGISLATIVE
VILLAGE BOARD OF TRUSTEES
Thomas E. Smith, President
Scott J. Helton Charles R. Loebbaka
Ronald V. Norene Robert O. Pohl
James W. Smirles James M. Weiss
Katherine G. Appert, Clerk
EXECUTIVE
Paul T. McCarthy, Village Manager
FINANCE DEPARTMENT
Dennis M. Lauer, Director of Finance
Mary L. Reibel, Village Accountant
m chart of Elected and Appointed Officials~
Elected by Voter~ ~ ~
4 yr. t.~ ~ mem~
4 ye. tee~
Offi~ ~ru~ Atto~y ~ M~'
¢ """ 1"" 'T----T"" -' .:
I L E n III
TELEPHONE ~'
724-1700
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 annual financial report of the Village of
Glenview as of December 31, 1982 and for the fiscal year then
ended. Responsibility for both the accuracy of the presented
data and the completeness and fairness of the presentation,
including all disclosures, rest with the Village. Management
believes that the data, as presented, is accurate in all material
aspects; that it is presented in a manner designed to fairly set
forth the financial position and results of operations of the
Village as measured by the financial activity of the various
funds. Disclosures necessary to enable the reader to gain
maximum understanding of the Village's financial affairs have also
been included.
In developing and evaluating the Village's accounting system,
consideration is given to the adequacy of internal accounting
controls. Internal accounting controls are discussed by the finance
director in his accompanying letter of transmittal, and within that
framework, I believe that the Village's internal accounting
controls adequately safeguard assets and provide reasonable
assurance of proper recording of financial transactions.
This report has been prepared following the guidelines
recommended by the Municipal Finance Officers Association of the
United States and Canada. The Municipal Finance Officers
Conformance to those governments
Association
awards
Certificates
of
whose annual financial reports are judged to conform substantially
with high standards of public reporting including generally
accepted accounting principals 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.
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 10 years, information on overlapping governments, and
demographic and other miscellaneous information.
iii
State law requires that the financial statements of the
Village of Glenview be audited by a certified public accountant
selected by the Board. This requirement has been complied with,
and our auditor's opinion is included in the financial section
of this report.
Of concern to the 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 Water
and Sewer 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.
The preparation of this annual financial report could not
have been accomplished without the dedicated effort of the
finance director and his entire staff. Their efforts over the
past years toward upgrading the accounting and financial
reporting systems of the Village of Glenview has continued
to improved quality of the information being reported to the
Board of Trustees, state oversight boards, and the citizens
of Glenview.
Respectfully submitted,
Paul T. M~Carthy
Village Manager
April 30, 1983
LEnv Ew
TELERHONE 1225 WAUKEGAN ROAD
724-t700 GLENVIEW, ILLINOIS 6~25-3071
April 3~, 1983
~r. Paul T. ~cCarthy, Village M~n.~ger
Village of Glenview
Glenview, Illinois 60025
The Comprehensive Annual Financial Report of the Village
of Glenview for the fiscal year ended December 31, 1982, 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 measu[ed by the
financial activity of its various funds; and that all
disclosures necessary to enable the reader to gain the
maximum understanding of the Village's financial affairs
have been included.
Accounting System Budgetary
and
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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All internal control evaluations occur within the above
Iframework. I believe that the Village's internal accounting
controls adequately safegua, rd assets and provide reasonable
assurance of proper recording of financial transactions.
IBudgetary 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 vengors.
Purchase orders which result in an overrun of account
I budgets are not released until appropriate budget transfers
have been made. Open encumbrances are reported as
reservations of fund balance at December 31, 19~2.
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The Report~n~ Entity and Its Services
I This report includes all of the funds and account groups
of the Village. It includes all activities considered by
the U.S. Bureau of Census to be part of (controlled by or
Idependent on) the Village, as determined by the ~pplication
of the criteria set forth in "Defining the Governmental
Reporting Entity - NCGA Statement 3."
IThe Glenview Public Library, governed by board members who
are separately elected, is considered to be a separate
government because; (1) it is an organized entity; (2) it
ihas governmental character; and (3) it is substantially
autonomous. Audited financial statements for the Glenview
Public Library are included in this report, as required by
NCGA Statement 3, for reporting purposes only. This annual
Ireport has been made available to members of the Board of
Trustees of the Glenview Public Library.
The Village of Glenview provides the full range of
Imunicipal services as required by state statute, charter or
local government officials. This includes public safety
(police and fire), highways and streets, sanitation, health
iand social services, water utility service, public
improvements, planning and zoning, and general
administrative services.
i General Governmental Functions
IRevenues for General, Special Revenue and Debt Service
Fund purposes totaled $9,368,981 in 1982, an increase of
8.9 percent over 1981. Taxes produced 69.3 percent of
general revenues compared to 70.6 percent last year. The
Irevenues various sources and the change from
amount
of
from
last year are shown in the following tabulation:
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1982 REVENUE
Increase
Percent (decrease)
Revenue Source Amount of total from 1981
Taxes $' 6,491,777 69.3 $ 414,584
Service charges 354,505 3.8 (3,~53)
Licenses and permits 588,708 6.3 25,656
Intergovernmental rev. 719,470 7.7 161,133
Fines and forfeits 217,293 2.3 15,634
Other revenues $ 997,228 1~.5% $147,385
Total $ 9,368,981 190% $763,340
The 1982 assessed valuation .~stimate of $334.4 million
represents ~n increase of 6.~ percent over the p~eceding
year. All of the townships within the Village have been
reassessed. M~ine Township represents 7% of the Village
and was the last area reassessed.
The current year's (1981) collection was 99.3% of the tax
levy. Property taxes which are delinquent more than one
year have been fully reserved; subsequent collections of
such taxes ere reflected as "prior year tax revenue" in the
year collected. Allocations of property tax levy by purpose
for 1982 and the preceding three levy years are as follows
(amounts per $100/assessed value):
~ 1982' 1981 1980 1979
Fund .~ .30
Special
Revenue Funds .32 .30 .31 .39
General obligation debt .07 .09 .11 .15
Pension Trust Funds .21 .17 .14 .15
Total tax rate $0.89 $0.86 $~.90 $1.16
*Estimated
T~e quadrennial reassessment for th~ levy year 1959
accounts for the large decrease in tax rates for 1980, 1981
and 1982 compared to the rate for 1979.
Expenditures for General, Special R~venue and Debt Service
Fund purposes totaled $8,952,567, an increase of 15.4
percent over 1981. Increases in levels of expenJitures for
major functions of the Village over the preceding year are
shown in the following tabulation:
III
1982 EXPENDITURES
Increase
Percent (decrease)
Function Amount of total from 1981
General government $1,366,194 1--~.7 $ 262,08Z
Public safety 3,689,784 39.7 491,635
Highways and streets 2,357,969 25.3 269,139
Welfare 637,983 6.8 133,863
Culture-recreation 636,~43 6.8 5~,603
Debt service 264,594 2.8 (12,974)
Total $8,952,567 100% $1,194,346
Expenditures for highways and streets show a modest
increase of $269,139 over fiscal 1981, as compared to an
increase of $778,507 between 1980 to 1981. This
classification includes costs of constructing and
maintaining streets and parkways in the Village. These
expenditures are accumulated in both the corporate fund and
motor fuel tax fund. A principal reason for such a small
increase is due to a mild winter and the minimal snow
removal cost incurred in 1982.
Debt Administration
The ratio of net bonded debt to assessed valuation and the
amount of bonded debt per capita are useful indicators of
the Village's debt position to municipal management,
citizens, and investors. This data for the Village at the
end of the 1982 fiscal year is as follows:
Outstandin$ General Obligation Bonds by Issue
Police Administration Building Bonds, 1972 $ 895,000
Corporate Purpose Bonds, 1976 20~,~00
Corporate Purpose Bonds, 1977 4,075,000
Corporate Purpose Bonds, 1979 5,425,C00
Municipal Building Bonds, 1979 900,000
Waukegan Road Sanitary District Bonds 18,~00
Special Service Area ~1 Bonds 56,0~0
Special Service Area ~2 Bonds 37,350
Special Service Area ~3 Bonds 24,573
Special Service Area 44 Bonds 90,~09
Total Outstanding General Obligation Bonds
December 31, 1982 $11,720,923
Ratio of debt to Debt per
Amount assessed value capita
Total G.O.
bonded debt $11,720,923 3.5% $353.76
Outstanding general obligation debt at December 31, 1982,
totaled $11,720,923 as shown above. However, $9,700,000 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 $1,561,747 .47% $47.14
(Net of $251,253
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.
1982 1981 1980
General obligation bonds Aa Aa Aa
Revenue bonds Aa Aa Aa
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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 ~nd Fire Pension Funds. The average yield on
short term investments held on December 31, 1982, was 9.393
percent. The amount of interest earned on governmental fund
types was $696,519, on proprietary funds $115,732, and trust
and agency funds $611,267.
Capital Projects Funds
Proceeds of general obligation bond issues are ~ccounted
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.
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 an~
Internal Service Funds. As of December 31, 1982, the
general fixed assets of the Village amounted to $1~,48D,328.
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.
Water and Sewer System
The financial position of the water and sewer fund east
continued to weaken in fiscal year 1982. This fund
experienced an operating loss of $251,162 exclusive of
depreciation, and the bond coverage decreased to $-1.34.
During mid 1983, a complete analysis of this fund will be
submitted to the Board along with a recommendation for a
rate increase.
Water an~ sewer fund wast ended the year in a stable
financial position despite a 4% decrease in operating
revenue. The reserves in this fund as of December 31, 1982
to administer this fund.
are
adequate
properly
VI
BOND COVERAGE
East Fund West Fund
1982 1981 1982 1981
Operating
revenue $1,272,393 $1,123,909 $1,715,495 $1,795,742
*Operating
income(Loss) (251,162) 100,447 579,517 848,375
**Income avail-
able for debt
service (171,~62) 199,372 733,642 988,475
Annual Debt
Service 127,735 121,59~ 926,188 937,0~8
Coverage (income
available for
debt service
divided by
average annual
debt service) -1.34 1.63 .79 1.~5
*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 Water and Sewer Fund East. In
addition, $50,000 of general obligation bonds, serviced with
the earnings of the Water and Sewer Fund East activities,
were retired. Revenues from water and sewer fund west
retired $350,~00 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.
VII
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.
Ackno~ledgements
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 progressiYe manner.
Re~m~t ively subm %t te~"
Dennis M. Lauer
Finance Director
VIII
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I Financial Section
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The Honorable Thomas E. Smith
Village President
Board of Trustees
Village of Glenview
1225 Waukegan Road
Glenview, Illinois 60025
We have examined the combined financial statements of the Village of
Glenview, Illinois and the combining, individual fund, and account group
financial statements of the Village as of and for the year ended
December 31, 1982 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, 1982, 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 after giving retroactive effect to the
change, with which we concur, in the method of accounting for property
tax revenue recognition 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, 1982 and the results of
operations of such funds and the changes in financial position of
individual proprietary fumd 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 after
giving retroactive effect to the change, with which we concur, in the
method of accounting for property tax revenue recognition as described
in Note 3.D.4.a. to the financial statements.
Bank of Wheaton Building · 2 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 supplementary data in
the table of contents is presented for purposes of additional analysis
and is not a required part of the combined financial statements of the
Village of Glenview. The information has been subjected to the auditing
procedures applied in the examination of the combined, combining,
individual fund, and account group financial statements and, in our
opinion, is fairly stated in all material respects in relation to the
combined financial statements taken as a whole.
The statistical information listed in the table of contents was not
examined by us and, accordingly, we do not express an opinion thereon.
Karrison & Byrne
March 28, 1983
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I COMBINED STATEMENTS--OVERVIEW
I
VILLAGE OF GLENVIEW, ILLINOIS
ALL FUND TYPES AND ACCOUNT GROUPS
COMBINED BALANCE SHEET
DECEMBER 31, 1982
(See Following Page)
i 3
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
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
forth in "Defining the Governmental Reporting Entity - NCGA Statement
set
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
in this report, into eight generic fund types and three broad
statements
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.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
Sum~nary of Significant Accounting Policies (Cont.)
Basis of Presentation - Fund Accounting (Cont.)
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.
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 Agency Funds are used to account for
assets held by the Village in a trustee capacity or as an agent for
individuals, private organizations, other governments, and/or other funds.
These include Expendable Trust, Nonexpendable Trust, Pension Trust, and
Agency Funds. Nonexpendable Trust and Pension Trust Funds are accounted
for in essentially the same manner as proprietary funds since capital
maintenance is critical. Expendable Trust Funds are accounted for in
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
1. Surmnary of Significant Accounting Policies (Cont.)
E. Assets, Liabilities, and Fund Equity (Cont.)
Fixed Assets and Long-Term Liabilities (Cont.)
Because of their spending measurement focus, expenditure recognition for
governmental fund types is limited to exclude amounts represented by
noncurrent liabilities. Since they do not affect net current assets, such
long-term amounts are not recognized as governmental fund type expenditures
or fund liabilities. They are instead reported as liabilities in the
General Long-Term Debt Account Group.
All 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 curret~t or
noncurrent) associated with their activity are included on their balance
sheets. Their reported fund equity (net total assets) is segregated into
retained earnings components. Proprietary fund type operating statements
present increases (revenues) and decreases (expenses) in net total assets.
Depreciation of all exhaustible fixed assets used by prorprietary funds is
charged as an expense against their operations. Accumulated depreciation
is reported on proprietary fund balance sheets. Depreciation has been
provided over the estimated useful lives using the straight line method.
The estimated useful lives are as follows:
Buildings 25-50 years
Improvements 10-20 years
Equipment 3-10 years
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL
STATEMENTS
DECEMBER 31, 1982
Summary of Significant Accounting Policies (Cont.)
F. Revenues, Expenditures, and Expenses (Cont.)
Property Tax Revenue Recognition
Property Taxes attach as an enforceable lien on January 1. 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, 1983 and
August 1, 1983, and are payable in two installments, on or about March 1,
1983 and on or about September 1, 1983. The County collects such taxes and
remits them periodically. Property tax revenues are recogmized when they
become both measurable and available, in accordance with NCGA
Interpretation 3.
Property taxes receivable which are delinquent more than one year have been
fully reserved; subsequent collections of such taxes are reflected as
"prior years' taxes" revenue in the period received. The allowance for
uncollectible taxes has been stated at 2% of the 1982 tax levy, to reflect
actual collection experience.
Compensated Absences
Accumulated
Unpaid
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, 1982:
1982
Vacation Pay $16'8,775
Sick Leave
$108,775
The Village does not accrue such amounts on its books. These amounts do
not exceed normal year's accumulations.
G. Financial Reporting
Comparative Data
Comparative total data for the prior year have been presented in the
accompanying financial statements in order to provide of
an
understanding
changes in the Village's financial position and operations. However, com-
parative (i.e., presentation of prior year totals by fund type) data have
not been presented in each of the statements since their inclusion would
make the statements unduly complex and difficult to read.
16
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
1. Summary of Significant Accounting Policies (Cont.)
G. Financial Reporting (Cont.)
Total Columns on Combined Statements - Overview
Total columns on the Combined Statements Overview are captioned
"Memorandum Only" to indicate that they are presented only to facilitate
financial analysis. Data in these columns do not present financial
position, results of operations, or changes in financial position in
conformity with generally accepted accounting principles. Neither is such
data comparable to a consolidation. Interfund eliminations have not been
made in the aggregation of this data.
Authoritative Sonrces - Financial Reporting
The financial statements are presented in accordance with generally
accepted acconnting principles applicable to state and local govermnental
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 1-4", 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, 1982.
Fund Amount
Debt Service
Special Service Area No. 1 Bonds of 1981 $ 4,329
Waukegan Road Sanitary District Sewer Bonds of 1968 5,008
Municipal Equipment Repair Fund 64,985
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, 1982:
Fund Excess
Capital Equipment Replacement $61,920
Commuter Parking Lot 746
Police Pension 6,000
17
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
Detail Notes on Ail 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,
1982 Additions Deletions 1982
Land $ 1,481,758 $ 1,481,758
Buildings and
Improvements 5,816,288 $ 10,305 5,826,593
Equipment 2,473,167 295,829 $93,110 2,675,886
Furniture 268,000 1,709 269,709
Office Equipment 218,356 8,026 226,382
$10,257,569 $315,869 $93,110 $10,480,328
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
3. Detail Notes on All Funds and Account Groups (Cont.)
A. Assets (Cont.)
4. Fixed Assets (Cont.)
b. 8urmnary of Proprietary Fixed Assets at December 31, lq82
Enterprise
Waterworks Waterworks Commuter
and Sewerage and Sewerage Parking
Fund - East Fund - West Lot Fund
Land $ 67,851
Buildings 70,676
Equipment and Vehicles 349,603 $ 146,740
Improvements Other
tha~ Buildings 5,170,099 10,489,155 $106,514
$5,658,229 $10,635,895 $t06,514
Less Accumulated
Amortization 1,994,217 790,929 82,405
Depreciation
or
$3,664,012 $ 9,844,966 $ 24,109
B. Liabilities
1. Retirement Fund Commitments
a. Illinois Municipal Retirement Fund
1) The Village is a ~artici~ating member of the Illinois Municipal
Retirement Fund (IMRF) which covers ail of its employees who:
a.) occopy a iob normally requiring 1,000 hours or more per
year;
b.) are paid on a regular payroll from Village funds:
c.) were onder age seventy when first entering employment; and
d.) are not covered by another state created retirement syste~
for the same service.
19
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
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, 1981, 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 "actuarialdeficiency' ' ". As required by
Section 7-172, Chapter 108-1/2, Illinois Revised Statutes,
are at levels, by the Fund
contribution
rates
fixed
certified
actuary, sufficient to meet the entire cost of benefit payments
ultimately to be made.
Actual contributions this year totaled $362,320. This is a
statewide plan, administered by IMEF. 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 $i0,000 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 period
year
I
VILLAGE OF GLENVIEW, ILLINOIS I
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982 I
3. Detail Notes on Ail Funds and Account Groups (Cont.) I
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont ~ I
b. Police Pension Fund (Cont.)
ending in 2020. The total actuarial requirements at December I
31, 1981 (the date of the latest computation) amounted to
$6,120,581, as determined by the Illinois Department of
Insurance.
Net present assets $2,695,528 I
Unfunded accrued liability 3,425,053
$6,120,581 I
Actual contributions this year totaled $319,160. This is a
single-employer plan administered by the Village. I
2) Changes in Fund Balance
Reserved for I
Employee
Retirement
Total Unreserve.~ System i
Balances - January 1, 1982 $2,735,850 $(3,250,374) $5,986,224
Additions I
Employer Contributions (Taxes) 319,160 319,160
Employee Contributions 125,165 125,165
Interest 283,663 283,663
Other 15,244 15,244 I
Total Balances and Additions $3,479,082 $--~,250,374) $6,729,456
Actuarial Adjustments I
(Increase) Decrease in
Unfunded Accrued Liability - (174,679) 174,679
Total Revised Balances $3,479,082 $(3,425,033) $6,904,135 I
Deductions
Separation Refunds $ 13,970 $ 13,970
Benefit Payments 182,652 182,652
Miscellaneous 2,106 2,106
Prior Period Adjustments 349,669 349,669 I
Total Deductions $ 548,397 - $ 548,397
Balances - December 31, 1982 $2,930,685 $(3,425,053) $6,355,738
I
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
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, 1981. $155,963
Amount necessary to amortize the unfunded
accrued liability of $3,425,053 as
determined by the State of Illinois Depart-
merit of Insurance over the remaining
38.0027 years as contemplated Section by
3-127 of the Illinois Pension Code. 245,007
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. $400,970
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.
having less than the acturial requirements of
In
municipalities
the Fund, the Board of Trustees of the Fund shall designate the
proportionate amount needed annually to insure the accumulation
of such actuarial reserve over a 40 year period ending in 2020.
The actuarial requirements at December 31, 1981 (the date of
the latest computation) amounted to $3,041,460 as determined by
the Illinois Department of Insurance.
Net present assets $1,987,196
Unfunded accrued liability 1,054,264
$3,041,460
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
3. Detail Notes on All Funds and Acconnt Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
c. Firemen's Pension Fund (Cont.)
1) (Cont.)
Actual contributions this year totaled $224,620. 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, 1982 $2,011,712 $(1,629,072) $3,640,784
Additions
Employer Contributions (Taxes) 224,620 224,620
Employee Contributions 83,788 83,788
Interest 220,930 220,930
Other 30,029 30,029
Total Balances and Additions $2,571,079 5--[1,629,072) ~4,200,151
Actuarial Adjustments
(Increase) Decrease in
Unfunded Accrued Liability - 574,808 (574,808)
Total Revised Balances $2,571,07.~ $(1,054,264) $3,625,343
Deductions
Benefit Payments $ 30,931 $ 30,931
Miscellaneous 680 680
Prior Period Adjustments 242,186 242,186
Total Deductions $ 273,79.~. - $ 273,797
Balances - December 31, 1982 $2,297,282 $(1,054,264) $3,351,546
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
Detail Notes on All 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
during year, computed a
be
earned
the
at
rate of not less than 17.5% of the annual
payroll of active participants as of
December 31, 1981 $171,180
Amount necessary to amortize the unfunded
accrued liablity of $1,054,264 as deter-
mined by the State of Illinois Department
of Insurance over the remaining 38.0027
years as contemplated by Section 4-118
of the Illinois Pension Code 75,415
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 $246,595
2. Commitments
No material contractual commitments existed at December 31, 1982.
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.
24
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
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, 1982.
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, 1982
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,
1982 Issuances Retirements 1982
General Obligation Bonds
Police Administration
Building Bonds of 1972 $ 995,000 $100,000 $ 895,000
Municipal Building
Bonds of 1979 950,000 50,000 900,000
Waukegan Road Sanitary
District Sewer Bonds
of 1968 22,000 4,000 18,000
$ 1,967,000 - $154,000 $1,813,000
General Obligation Bonds
Carried as Enterprise
Fund Liabilities
Corporate Purpose -
1976 $ 245,000 $ 45,000 $ 200,000
1977 4,225,000 150,000 4,075,000
1979 5,600,000 175,000 5,425,000
$10,070,000 $370,000 $9,700,000
Revenue Bonds
Waterworks and Sewerage
Bonds of 1964 $ 410,000 - $ 55,000 $ 355,000
Special Assesment Bonds $ 8,000 - $ 8,000
Special Service Area Bonds
#1 of 1980 $ 63,000 $ 7,000 $ 56,000
#2 of 1981 37,350 37,350
#3 of 1981 24,573 24,573
#4 of 1982 $90,000 90,000
$ 7,000 $ 207,923
124,923
$90,000
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
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 Bonds Carried Special
Ending Obligation as Enterprise Service Revenue
December 31 Bonds Fund Liabilities Area Bonds Bonds Total
1982 $195 208 $692 869 $ 9,189 $ 897,266
1983 248 025 959 813 25,760 $66,315 1,299,913
1984 295~235 958 788 31,076 69,360 1,354,459
1985 290 431 955 888 30,658 67,320 1,244,297
1986 284 194 901 438 30,236 65,250 1,281,118
1987 267 737 900 363 29,818 63,150 1,261,068
1988 231 400 898 138 29,398 61,050 1,219,986
1989 271 250 918 813 28,978 1,219,041
1990 158 250 886 188 28,556 1,072,994
1991 905.375 21,347 926,722
1992 897.125 21,346 918 471
1993 887.250 21,347 908 597
1994 876.125 7,510 883 635
1995 888025 7,509 895 534
1996 897.025 3,755 900 780
1997 902~725 902 725
1998 505,500 505 500
1999 503,500 503 500
27
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
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) Depreciation, Improvement and Extension Account
5) Surplus Revenue Account
28
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
3. 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.)
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.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
Detail Notes on Ail Funds and Account Groups (Cont.)
Liabilities (Cont.)
B.
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
exteasion 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
the bond reserve account or to the surplus revenue account.
i. To make up any deficiencies in any of the other
accounts created by the ordinance.
2. Thereafter, at the end of each fiscal year any sums
remaining may be transferred to be used for any lawful
purpose including general administration of the system;
a sum equal to 7-1/2% of the annual gross revenue or
such a percentage as the President and Board of
Trustees may
establish.
b) Supplemental information required under bond ordinance
provisions, not subject to audit:
Waterworks Waterworks
and Sewerage and Sewerage
Fund - East Fund - West
1. Number of sewer customers
served during fiscal 6,587 1,154
year
2. Number of metered water
customers at December 31, 1982 7,180 4,647
3. Number of unmetered water
customers at December 31, 1982 0 0
4. Gallons of water purchased
during fiscal year 1,207,356,000 760,466,000
5. Gallons of water billed during
fiscal year 951,910,000 640,838,000
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
3. Detail Notes on Ail Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables
Due Due
From To
General
Corporate
Library $ 15,Q68
Illinois Municipal Retirement 8,643
Debt Service 8,804
Special Service Area N~nber Four 90,495
Waterworks and Sewerage - East 1,000
Waterworks and Sewer age - West $14,065
Escrow Deposit 7,909
Police Pension 6,635
Firemen's Pension 75,330
Total General $97,304 $130,645
Special Revenue
Library
Corporate $15,068
Illinois Municipal Retirement
Corporate $ 8,643
Total S~ecial Revenue $23,711
Debt Service
Debt Service
Corporate $ 8,804
Waterworks and Sewerage - East 4,060
Waterworks and Sewerage - West 13,938
Total Debt Service $26,802
Capital Projects
Special Service Area Number Four
Corporate $90,495
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
Detail Notes on All Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables (Cont.)
Due Due
From To
Enterprise
Waterworks and Sewerage - East
Corporate $ 1,000
Debt Service $ 4,060
$ 1,000 $ 4,060
Waterworks and Sewerage - West
Corporate $ 14,065
Debt Service 13,938
$ 28,003
Total Enterprise $ 1,000 $ 32,063
Internal Service
Municipal Equipment Replacement
Escrow Deposit $ 80,000
Trust and Agency
Escrow Deposit
Corporate $ 7,909
Municipal Equipment Replacement $ 80,000
$ 80,000 $ 7,909
Police Pension
Corporate $ 6,635
Firemen's Pension $ 6,700
$ 6,635 $ 6,700
Firemen's Pension
Corporate $ 75,330
Police Pension $ 6,700
$ 6,700 $ 75,330
Total Trust and Agency $ 93,335 $ 89,939
$332,647 $332,647
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
3. Detail Notes on Ail Funds and Account Groups (Cont.)
D. Fund Equity
1. Reservation of Retained Earnings
Retained Earnings - Reserved - Restricted Accounts represents amounts
required to be segregated by bond ordinance provisions.
2. Reservation of Fund Balance
Reserves are used to segregate portions of fund balances which are
restricted for specific purposes or not "available
either
legally
spendable resources".
3. Unreserved Fnnd Balance - Designated
Designations represent portions of Unreserved Fund Balance segregated
to indicate tentative plans for financial resource utilization in a
future period.
4. Prior Period Adjustments
a. Prior Period Adjustments to Fund Balances due to Change in Property
Tax Revenue Recognition Policy
For the fiscal year ended December 31, 1982 the Village has changed
its property tax revenue recognition policy to conform to the
provisions of "NCGA Interpretation 3, Revenue Recognition
Property Taxes." The Village had in prior years been recognizing
property taxes in the year for which the levy was extended (Example
- the 1981 tax levy was recognized as revenue for the fiscal year
ended December 31~ 1982). This change in revenue recognition has
necessitated the following prior period adjustments. Also,
property tax revenues of prior periods presented have been restated
to conform with Interpretation 3.
Prior Period Adjustments
1) Combined and Combining Fund Statements
The amounts shown in the Prior Period Adjustment column
respresent the amount of the 1980 property tax levy originally
recognized as revenues of fiscal 1980, which are now being
reclassified to fiscal 1981.
33
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
Detail Notes on All Funds and Account Groups (Cont.)
D. Fund Equity (Cont.)
4. Prior Period Adjustments (Cont.)
a. Prior Period Adjustments to Fund Balances due to Change in Property
Tax Revenue Recognition Policy (Cont.)
Prior Period Adjustments (Cont.)
1) Combined and Combining Fund Statements (Cont.)
Prior Adjusted
Fund Balance Period Fund
Fund January i, 1981 Adjustment Balance
General $2,703,674 $(943,222) $1,760,452
Special Revenue
Library $ 813,002 $(531,774) $ 281,228
IMRF 713,255 (304,570) 408,685
$1,526,257 $(836,344) $ 689,913
*Debt Service $ 189,706 $ (56,336) $ 133,370
Trust and Agency
Police Pension $2,232,582 $(232,015) $2,000,567
Firemen's Pension 1,531,989 (163,270) 1,368,719
$3,764,571 $(395,285) $3,369,286
* Unmatured bonds and coupons were reported as liabilities and
expenditures in the Debt Service Fund during fiscal 1981.
This treatment was necessary because property taxes which
were associated with those bonds and coupons were reflected
as revenues during that period.
34
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
3. Detail Notes on All Funds and Account Groups (Cont.)
D. Fund Equity (Cont.)
4. Prior Period Adjustments (Cont.)
a. Prior Period Adjustments to Fund Balances due to Change in Property
Tax Revenue Recognition Policy (Cont.)
Prior Period Adjustments (Cont.)
2) Individual Fund Statements
The amounts shown in the Net Effect of Change column represent
the amount of the 1981 property tax levy originally recognized
as revenues of fiscal 1981, which are now being reclassified to
fiscal 1982.
Fund Balance Fund
As Originally Net Effect Balance
Fund Stated of Change As Restated
Special Revenue
Library $ 914,811 $(592,446) $ 322,365
IMRF 713,255 (352,536) 360,719
$1,628,066 $(944,982) $ 683,084
Trust and Agency
Police Pension $2,695,527 $(309,346) $2,386,181
Firemen's Pension 1,987,213 (217,687) 1,769,526
$4,682,740 $(527,033) $4,155,707
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
Detail Notes on All Funds and Account Groups (Cont.)
D. Fund Equity (Cont.)
4. Prior Period Adjustments to Fund Balances (Cont.)
a. Prior Period Adjustments to Fund Balances due to changes in
Property Tax Revenue Recognition Policy (Cont.)
Revenue Restatements
1) Combined and Combining Fund Statements
The amounts shown represent property taxes originally
recognized as revenues compared to restated revenues for the
fiscal year ended December 31, 1981.
As Originally Net Effect
Fund Stated of Change As Restated
General $924,229 $924,229
Special Revenue
Library S579,799 $ (60,672) $519,127
IMRF 346,089 (47,966) 298,123
$925,888 $(108,638) $817,250
* Debt Service $275,805 $ 39,270 $315,075
Trust and Agency
Police Pension $302,894 $ (77,330) $225,564
Firemen's Pension 213,182 (54,417) 158,765
$516,076 $(131,747) $384,329
* Unmatured bonds and coupons were reported as liabilities and
expenditures in the Debt Service Fund during Fiscal 1981. This
was necessary property taxes were
treatment
because
which
associated with those bonds and coupons were reflected as
revenues during that period.
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
3. Detail Notes on Ail Funds and Account Groups (Cont.)
D. Fund Equity (Cont.)
4. Prior Period Adjustments to Fund Balances (Cont.)
b. Other Prior Period Adjustments
Special Assessment Fund
To adjust Assessments Receivable for accounts
determined to be incorrectly recorded in $ (9,272)
prior years
Waterworks and Sewerage East Fund
To correct an expenditure for an engineering
study performed in 1981 and not previously $(41,212)
recorded as an expenditure
Accounts Receivable - Billed at December 31,
1981 was recorded incorrectly as $i15,685. 6,187
It should have been $121,872.
$(35,025)
Waterworks and Sewerage West Fund
Accounts Receivable - Billed at December 31,
1981 was recorded incorrectly as $69,299. S 59,850
It should have been $129,149.
Commuter Parking Lot Fund
Rentals due in 1980 and 1981 under the
Chicago, Milwaukee, St. Paul and Pacific $(12,936)
Railroad Company were not paid until 1982
Police Pension Fund
Illinois Department of Insurance audit
from their $(40,323)
adjustment
corrections
December 31, 1982 examination
Firemen's Pension Fund
Illinois Department of Insurance audit
adjustment corrections from their $(24,499)
December 31, 1982 examination
37
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
Information for Certain Individual Enterprise Funds
Segment
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, 1982 is as follows:
Waterworks Waterworks Comuter
and Sewerage and Sewerage Parking
Fund - East Fund - West Lot Fund Total
Revenues $1,272,393 $1,715,495 $ 61,239 $3,049,127
Operating
Depreciation, Depletion, and
Amortization Expense 135,041 216,547 5,289 356,877
Operating Income or (Loss) (386,203) 362,970 47,984 24,751
Operating Grants, Entitle-
ments, and Shared Revenues -
Operating Transfers
In - -
Out 23,301 18,256 - 41,557
Tax Revenues - -
Net Income (Loss) (373,339) (195,988) 65,905 (503,422)
Current Capital Contributions
and Transfers
Contributions - - -
Transfers 14,357 - 14,357
Plant, Property and Equipment
Additions 97,345 395,527 - 492,872
Deletions - - -
Net Working Capital 163,999 135,016 201,506 500,521
Bonds and Other Long-Term
Liabilities
Payable from Operating
Revenues 505,000 9,150,000 - 9,655,000
Payable from Other Sources 50,000 350,000 - 400,000
Total Equity 3,964,454 829,982 225,615 5,020,051
VILLAGE OF GLENVIEW, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 1982
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, 1982 have not yet been conducted. Accordingly, the
Village's compliance with applicable grant requirements will be established
at some future date. The amount, if any, of expenditures which may be
disallowed by the granting agencies cannot be determined at this time
although the Village expects such amounts, if any, to be immaterial.
7. Subsequent Events
There were no material subsequent events.
8. Combined Statement of Revenues, Expenditures, and Changes in Fund Balances -
Budget and Actual
The Village adopts project length budgets for certain Capital ~rojects Funds.
The following funds were not included in the overview budgetary statement
because their budgets were project length:
Total Expenditures - All Capital Projects Funds $366,277
Less
Village Hall Construction Fund
Special Service Area No. 4 Fund (58,274)
$308,003
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Fund Description
General Fund
The General Fund, also referred to as the Corporate Fund, is used to account for
resources traditionally associated with governmental services not required to be
accounted for in another fund.
39
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
BALANCE SHEET
DECEMBER 31, 1982
1982 1981
ASSETS
Cash and Investments $1,221,395 $1,235,040
Receivables
Property Taxes 933,695 943,222
Replacement Taxes 25,592 34,040
Other 982,735 935,875
Due from Other Funds (Note 3.C.) 97,304 238,511
Total Assets $3,260,721 S3,386,688
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable $ 96,326 $ 68,457
Salaries Payable 3,070
Due to Other Funds (Note 3.C.) 130,645 177,490
Refundable Deposits 3,716 3,828
Deferred Property Tax Revenue 933,695 943,222
Total Liabilities $1,167,452 $1,192,997
Fund Balance (Page 40) $2,093,269 2,193,691
Total Liabilities and Fund Balance $3,260,721 $3,386,688
See accompanying Notes to the Financial Statements.
4o
VILLAGE OF GLBNVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1982
1982 1981
Budget Actual Actual
Taxes
Property Taxes - Current $ 925,000 $ 916,420 $ 894,542
Property Taxes - Prior 37,896 29,687
Replacement Taxes 36,506 18,472 21,349
Municipal Sales Tax 1,854,000 1,908,785 1,828,356
Utility Tax 1,484,890 1,659,i39 1,466,643
Illinois Income Tax 600,700 614,382 585,594
Road and Bridge Tax 50,000 76,016 68,598
Total Taxes $4,951,096 S5,231,110 $4~894,769
Charges for Services 367,439 354,505 357,558
Licenses and Permits (Page 41) 647,025 588,708 562,052
Intergovernmental 18,000 21,090 19,329
Fines and Forfeits 195,000 217,293 200,659
Miscellaneous 162,412 242,002 305,0t6
$6,340,972 $6,654,708 $6,339,383
Expenditures (Page 42)
General Government $1,282,401 $1,366,194 $1,098,214
Public Safety 3,766,457 3,689,784 3,198,149
Highways and Streets (Development and Public Services) 1,712,549 1,664,573 1,560,988
~6,761,407 $6,720,551 $5,857,351
Excess (Deficiency) of Revenues over
Expenditures before Operating Transfers $ (420,435) S (65,843) S 482,032
Operating Transfers In (Out)
Debt Service Fund $ (3,780) S (3,780) $ (4,200)
Special Service Area N~mber Two Fund 7,033
Special Service Area Number Three Fund 5,159
Public Works Construction Fund (150,000) (150,000) ~150,000)
Special Assessments Fund 3,402
Regional Emergency Disatch Center Fund 11,024 4,082
163,000 104,775 89,133
Escrow Deposit Fund $ 9,220 $ (34,579) $ (48,793)
Excess (Deficiency) of Revenues
over Expenditures $ (411,215) $ (100,422) $ 433,239
Fund Balance $2,193,691 $2,703,674
January 1
Prior Period Adjustment - Property Taxes (Note 3.D.4.a.) (943,222)
Adjusted Balance $2,193,691 $1,760,452
December 31 (Page 39) $2,093,269 S2,193,691
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF REVENUES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Licenses
Motor Vehicle $328,000 $309,256
Bicycle 125
Business 52,000 75,502
Liquor 53,000 61,575
Dog 6,700 6,262
Cat 1,000 685
$440,825 $453,280
Permits and Current Service Charges
Heating and Air Conditioning $ 1,500 $ 630
Buildings 45,000 33,547
Electrical Inspection 20,000 11,336
Plumbing and Sewer 15,000 4,934
Plan Review and Elevator Inspection 21,000 15,507
Driveway 700 205
Engineering 58,000 27,952
Unclassified Public Works Service 20,000 24,646
Other Current Service Charges 25,000 16,671
$206,200 $135,428
Total Licenses and Permits $647,025 $588,708
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET A/~D ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
1982 1981
Budget Actual Actual
General Government
Board of Trustees $ 8,560 $ 8,027 $ 7,338
Special Board 21,571 36,569 15,043
Village Clerk's Office 8,227 6,960 7,675
Elections 66
266,710 278,345 255,043
Legal
Village Manager's Office 192,921 195,748 178,214
Finance 331,206 335,375 300,297
Municipal Building and Grounds 96,900 87,434 60,591
Personnel 356,306 417,736 273,947
$1,282,401 $1,366,194 $1,098,214
Public Safety
Police Department $2,336,416 $2,281,951 $1,923,838
Fire Department 1,412,571 1,389,399 1,251,717
Printing and General Services 17,468 18,434 22,594
$3,766,455 $3,689,784 $3,198,149
Development and Public Services
Administration $ 123,722 $ 123,672 $ 93,235
Planning and Zoning 50,219 82,435 42,525
Engineering 169,721 162,639 144,932
Public Works - General Street Maintenance 122,370 101,547 380,568
Public Works - Special Projects 46,000 25,227
Public Works - Overhead 379,672 401,305 28,432
Public Works - Traffic 139,965 127,095
Public Works - Storm Drains 65,654 78,679
and Ice Control 112,398 129,123
Public
Works
Snow
Public Works - Trees 182,638 125,011
Public Works - Grounds 41,651 32,961
Public Works - Snow Removal 139,046
Public Works - Parkway Maintenance 201,327
Garage 283,995
Building Inspection 220,203 218,588 188,828
General Health 58,336 56,291 58,100
$1,712,549 $1,664,573 $1,560,988
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
General Government
Board of Trustees
Regular Salaries $ 3,000 $ 3,000
Contractual Services 1,110 1,240
Travel Expense 3,400 2,735
Materials and Supplies 950 1,045
Contingencies 100 7
$ 8,560 $ 8,027
Special Board
Temporary Salaries $ 500 $ 315
Contractual Services 14,521 30,233
Travel Expense 250 1,878
Materials and Supplies 6,200 4,143
Contingencies 100
$ 21,571 $ 36,569
Village Clerk
Regular Salaries $ 900 $ 825
Temporary Salaries 280
Printing, Binding and Publication 185
Dues, Subscriptions and Memberships 6,722 5,860
Maintenance of Equipment 75
Travel Expense 50
Other Operating Expenses 200 90
$ 8,227 $ 6,960
Legal
Regular Salaries $ 2,710 $ 2,802
Contractual and Professional Services 37,000 60,869
Insurance and Bonding 224,000 210,353
Claims Settlement 3,000 4,321
$266,710 $278,345
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
General Government (Cont.)
Village Manager
Regular Salaries $156,521 $162,753
Temporary Salaries 6,930 5,963
Holiday Pay 503
Longevity Pay 400
Printing, Binding and Publication 5,400 5,672
12,740 11,773
Postage
Dues, Subscriptions and Memberships 1,170 840
Maintenance of Eqiupment 115 155
Travel Expense 4,250 3,066
Training Expense 1,200 637
Books, Pamphlets and Materials 300 403
Transfer to CERF 1,680 1,680
Transfer to MERF 1,365 1,382
850 921
Machinery and Equipment
$192,921 $195,748
Finance
Regular Salaries $194,048 $195,282
Overtime Salaries 2,200 1,698
Temporary Salaries 6,000 13,147
Longevity Pay 700 700
Contractual Professional Services 30,750 26,264
Printing, Binding and Publication 9,500 4,953
Postage 3,110 3,497
Dues, Subscriptions and Membership 1,376 1,349
17,067
17,383
Maintenance of Equipment
Rentals 41,411 47,258
Travel Expense 1,504 1,448
Training 600 207
Office Supplies 8,000 8,026
Books, Pamphlets and Materials 125 38
Computer Supplies 5,500 4,085
200 1,114
Other Operating Expense
Machinery and Equipment 9,115 8,026
$331,206 $335,375
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
General Government
(Cont.)
Municipal Building and Grounds
Regular Salaries $ 19,320 $ 19,320
Overtime Salaries 780 77
Temporary Salaries 4,640 4,830
Heating and Lighting 15,220 14,322
Postage 13,320 12,667
Telephone 5,500 7,620
Maintenance of Equipment 14,255 12,0q7
Maintenance of Buildings 1,500 1,223
Rentals 8,160 8,052
Uniform Allowance 300 138
Cleaning and Household Supplies 2,500 2,219
Maintenance Materials - Buildings 2,050 2,246
Small Tools and Equipment 200 185
Employee Welfare 2,000 1,242
Building Improvements 1,455 1,196
Machinery and Equipment 5,700
$ 96,900 $ 87,434
Personnel
Contractual Professional Services $ 11,550 $ 7,177
Printing, Binding and Publications 1,500 969
Dues, Subscriptions and Memberships 485 333
Insurance and Bonding 330,311 397,033
Training Expense 8,600 8,291
Books, Pamphlets and Materials 100 54
Employee Welfare 3,710 3,859
Contingencies 50 20
$ 356,306 $ 417,736
Total General Government $1,282,401 $1,366,194
46
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Public Safety
Police Department
Regular Salaries $1,720,122 $1,700,850
Overtime Salaries 54,000 54,739
Salaries 100,520 75,099
Temporary
Holiday Pay 58,800 62,648
Longevity Pay 9,500 8,550
Pay Differential - Director 1,800 1,800
Contractual and Professional Services 9,400 10,097
Printing, Binding and Publication 2,700 3,199
Heating 5,000 4,539
Postage 1,554 1,624
Telephone 10,500 9,356
Teletype 7,900 6,231
Dues and Subscriptions 600 350
Maintenance of Equipment 16,530 24,008
Maintenance of Buildings 2,840 1,982
Rentals 3,620 5,339
Travel Expenses 1,630 1,302
Training 23,584 21,659
Uniform Allowance 22,120 25,169
Office Supplies 1,500 1,511
Books, Pamphlets and Materials 2,400 2,881
Cleaning and Household Supplies 1,000 1,433
Maintenance Materials - Buildings 3,400 2,374
Operating Materials and Supplies 8,650 13,222
Other Operating Expenses 500 10
Transfer to CERF 80,500 80,500
Transfer to MERF 148,634 107,592
Machinery and Equipment 36,112 38,462
Furniture and Fixtures 1,000 531
Police Pension Reserve 14,894
Increase
$2,336,416 $2,281,951
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Public Safety (Cont.)
Fire Department
Regular Salaries $1,112,268 $1,107,565
Emergemcy Overtime Salaries 45,775 58,497
Longevity Pay 5,200 5,200
Contractual Professional Services 59,765 58,101
Printing and Publications 150 152
Heating 2,500 3,193
Postage 361 249
Telephone 1,600 2,028
Dues, Subscriptions and Memberships 510 449
Maintenance of Equipment 14,205 12,233
Maintenance of Buildings 15,645 14,375
Travel Expense 1,999 1,375
Training 3,335 1,581
Uniform Allowances 7,475 7,475
Office Supplies 850 299
Fire Prevention Pamphlets 3,570 1,206
Motor Vehicle Supplies 5,940 4,541
Cleaning Supplies 2,200 2,072
Maintenance Materials - Equipment 220 129
Maintenance Materials - Buildings 3,755 3,491
Small Tools and Equipment 120 51
Operating Materials and Supplies 12,000 9,352
Other Operating Expenses 10,935
Transfer to CERF 62,505 62,505
to MERF 17,043 2,744
Transfer
Machinery and Equipment 21,745 8,797
Furniture and Fixtures 450 499
Building Improvements 11,385 10,305
$1,412,571 $1,389,399
Printing - General Services
Printing and Binding $ 1,725 $ 1,569
Maintenance of Equipment 3,929 3,240
Rentals 1,054 966
Office Supplies 8,000 10,652
Operating Supplies 2,760 2,007
$ 17,468 $ 18,434
Total Public Safety $3,766,455 $3,689,784
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
and Public Services
Development
Administration
Regular Salaries $112,916 $111,405
Overtime Salaries 220 605
Printing, Binding and Publication 200 263
Dues, Subscriptions and Memberships 275 330
Maintenance of Equipment 215 180
Travel Expense 850 1,126
Training 600 513
Books and Pamphlets 70 32
Transfer to CERF 1,680 1,680
Transfer to MERF 1,296 1,252
Machinery and Equipment 5,400 6,286
$123,722 $123,672
Planning and Zoning
Regular Salaries $ 24,744 $ 24,744
Temporary Salaries 400 200
Contractual and Professional Services 15,000 51,136
Printing, Binding and Publication 3,400 3,755
Dues, Subscriptions and Memberships 2,275 2,204
Travel Expense 1,200 55
Training 2,800 190
Operational Supplies 400 151
$ 50,219 $ 82,435
Engineering
Regular Salaries $114,816 $114,816
Overtime Salaries 1,100 662
Temporary Salaries 24,336 17,748
Longevity Pay 200 200
Contractual Professional Services 8,000 9,317
Printing, Binding and Publications 200
Dues, Subscriptions and Memberships 25
Mmintenance of Equipment 350 261
Rentals 1,833 1,680
Microfilming 300 300
Travel Expense 995 849
Training 1,800 664
Uniform Allowance 225 225
Books, Pamphlets and Materials 100 4
Operational Materials 500 741
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Development and Public Services (Cont.)
Engineering (Cont.)
Other Charges $ 100 $ 7
Transfer to CERF 6,700 6,700
Transfer to M~RF 7,531 7,860
Machinery and Equipment 610 605
$169,721 $162,639
Public Works - General Street Mainteoa~ce
Regular Salaries $ 43,444 $ 35,775
Overtime Salaries 7,326 2,838
Temporary Salaries 5,000 4,309
Maintenance of Buildings 45,000 40,343
Maintenance Materials - Improvements 16,000 11,438
Small Tools 900 2,760
Operating Materials and Supplies 4,700 4,084
$122,370 $101,547
Public Works - Special Projects
West Fork Riverbank $ 6,000
Walk - NSCC and Pfingsten 3,000 $ 6,705
Tall Trees Traffic Diverter 15,000 6,051
Waukegan Road Storm Sewer 22,000
Woodlawn Sanitary Sewer 11,829
Swainwood Lighting 642
$ 46,000 $ 25,227
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Development and Public Services (Cont.)
Public Works - Overhead
Regular Salaries $ 141,810 $168,941
Overtime Salaries 100 90
Temporary Salaries 1,962 2,813
Longevity Pay 1,700 1,700
Heat 3,000 20
Telephone 700 799
Maintenance of Equipment 130
Maintenance of Building Improvements 1,800 1,620
Rentals 8,200 8,050
Travel Expense 50 16
Training 2,000 303
Uniform Allowance 4,750 4,667
Books, Pamphlets and Materials 70
Cleaning Supplies 1,500 1,317
Small Tools and Equipment 1,000 396
Employee Welfare 1,800 1,510
Transfer to CERF 95,603 95,603
Transfer to MERF 113,497 113,460
$ 379,672 $401,305
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Development and Public Services (Cont.)
Public Works - Traffic
Regular Salaries $ 27,050 $ 23,q17
Overtime Salaries 2,080 1,021
Temporary Salaries 2,100 1,453
Power and Lights 65,000 60,126
Maintenance of Equipment 22,000 24,887
Maintenance of Buildings 8,500 4,628
Rentals 300
Sign Supplies 12,035 9,232
Small Tools and Equipment 100 144
Operating Materials and Supplies 800 1,687
$ 139,965 $127,095
Public Works - Storm Drains
Regular Salaries $ 43,444 $ 59,637
Overtime Salaries 4,i60 1,44i
Temporary Salaries 2,100 3,702
Contractual Professional Services 1,000 3,707
Maintenance Materials - Equipment 3,000 1,916
Maintenance Materials - Buildings 5,500 5,430
Small Tools and Equipment 50 119
Operating Materials and Supplies 6,400 2,727
$ 65,654 $ 78,679
Public Works - Snow and Ice Control
Regular Salaries $ 37,707 $ 49,314
Overtime Salaries 22,791 18,317
Temporary Salaries 3,500 852
Contractual Professional Services 500 500
Rentals 5,000
Maintenance Materials - Equipment 4,500 6,149
Operating Materals and Supplies 35,000 51,141
Machinery and Equipment __3,400 2,850
$ 112,398 $129,123
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Public Services (Cont.)
Deve lopme,~t
and
Public Works - Trees
Regular Salaries $ q5,087 $ 60,259
Overtime Salaries 5,246 924
Temporary Salaries 14,000 5,52q
Contractual Professional Servzces 3,000 1,314
Dues, Subscriptions and Membership 125 50
Maintenance of Equipment 5,400 1,490
MaintenaL~ce of Buildings 48,500 44,223
Books, Pamphlets and Materials 30 9
Maintenance Materials - Equipment 400 250
Small Tools and Equipment 300 644
Operating Materials and Supplies 2,000 !,q74
Machineray and Equipment 550 345
Tree Planting 8,000 8,000
$ 182,638 $125,011
Public Works - Grounds
Regular Salaries $ 26,231 $ 27,663
Overtime Salaries 2,532 307
Salaries 3,188 1,279
Temporary
Maintenance of Buildi~gs 6,000 325
Maintenance Materials - Equipment 200 10
Small Tools and Equipment 500 83
Operating Materials and Supplies 2,000 2,544
Machiuery and Equipment 1,000 750
$ 41,651 $ 32,961
53
VILLAGE OF GLENVIEW, ILLINOIS
CORPORATE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Development and Public Services (Cont.
Building and Inspection
Regular Salaries $ 182,304 $ 180,804
Overtime Salaries 1,510
Temporary Salaries 4,270 6,394
Longevity Pay 800 800
Contractnal and Professional Services 3,500 5,342
Printing, Binding and Publication 900
Dues, Subscriptions and Memberships 425 429
Maintenance of Equipment 740 573
Microfilming 2,000 2,4ql
Travel 670 725
Training 2,700 1,q00
Uniform Allowance 225 225
Books, Pamphlets and Materials 340 94
Operating Materials and Snpplies 500 370
Other Operating Expenses 300 300
Transfer to CERF
6,720
6,720
Transfer to MERF 6,109 5,343
Machinery and Equipment 5,500 5,399
Furniture and Fixtures 690 679
$ 220,203 $ 218,588
General Health
Regular Salaries $ 48,828 $ 48,828
Overtime Salaries 430 67q
Temporary Salaries 1,820 1,802
Contractnal and Professional Services 100 72
Printing, Binding and Publication 100
Dues, Subscriptions and Memberships 323 273
Maintenance of Equipment 50
Travel Expense 310 285
Car Allowance 200 181
Training 780 333
Books, Pamphlets and Materials 300 246
Small Tools and Equipment I00 68
Operating Materials and Supplies 1,200 222
Transfer to CERF 1,680 1,680
Transfer to MERF 1,865 ],340
Machinery and Eqnipment 250 282
$ 58,336 $ 56,291
Total Development and Public Services $1,712,54q $1,664,573
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I SPECIAL REVENUE FUNDS
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Fund Descriptions
Library Fund
The Library Fund is used to account for the resources necessary to provide the
educational, cultural and recreational activities of the Glenview Public Library.
Federal Revenue Sharing Fund
The Federal Revenue Sharing Fund provides accountability for Federal Revenue
Sharing monies received under Title I of the State and Local Fiscal Assistance Act
of 1972.
Illinois Municipal Retirement Fund
The Illinois Municipal Retirement Fund is used to account for the revenue and
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.
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VILLAGE OF GLENVIEW, ILLINOIS
LIBRARY FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Revenues
Property Taxes - Current $581,000 $ 576,491
Property Taxes - Prior 21,363
Replacement Taxes 17,964 14,231
Interest Income 12,000 44,895
Other Current Charges 91,095 93,250
$702,059 $ 750,230
Expenditures (Page 57) 678,095 636,043
Excess of Revenues over Expenditures $ 23,964 $ 114,187
Fund Balance
January 1, 1982 914,811
Prior Period Adjustment - Property Taxes (Note 3.D.4.a.) (592,446)
Adjusted Balance $ 322,365
December 31, 1982 (Page 54) $ 436,552
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, 1982
Budget Actual
Regular Salaries $303,825 $244,752
Overtime Salaries 3,893
Temporary Salaries 90,000 140,270
Contractual and Professional Services 2,300 2,050
Printing, Binding and Publication 7,500 4,364
Power and Lights 600 602
Heating 2,500 1,572
Water 600 496
Postage 6,000 6,896
Telephone and Telegraph 4,000 3,001
Dues and Subscriptions 800 608
Maintenance of Equipment 14,500 14,365
Maintenance of Buildings 19 150 24,352
Insurance and Bonding 21 910 23,675
Travel Expense 3 100 3,091
Training 1 200 1,548
Library Programs 2 000 1,957
Office Supplies 7 600 7,522
Books, Pamphlets and Materials 109 460 121,448
Cleaning Supplies 2,500 2,403
Other Operating Expenses 13,100 345
Contingencies 7,850 141
Buildings/Improvements to Building 636
Improvements Other than Buildings 15,000 1,912
Automation and Expansion 30,000 17,169
Machinery and Equipment 6,600 5,111
Gift Fund 6,000 1,864
$678,095 $636,043
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, 1982
Budget Actual
Revenues
Property Taxes - Current $345,725 $342,828
Replacement Taxes 11,363 7,260
Prior Year Taxes 12,232
Employee Deductions 278,375 292,754
Other 3,000 58,925
$638,463 $713,999
Expenditures
Participating $628,197 $637,983
Non-Participating 30,244
$658,441 $637,983
Excess (Deficiency) of Revenues over
Expenditures before Operating Transfers $(19,978) $ 76,016
Operating Transfers In
Waterworks and Sewerage Fund - East $ 18,256 $ 18,256
Waterworks and Sewerage Fund - West 18,256 18,256
Regional Emergency Dispatch Center Fund 24,655 24,655
$ 61,167 $ 61,167
Excess of Revenues over Expenditures $ 41,189 $137,183
Fund Balance
January 1, 1982 $713,255
Prior Period Adjustment - Property Taxes (Note 3.D.4.a) (352,536)
Adjusted Balance ~360,719
December 31, 1982 (Page 54) $497,902
See accompanying Notes to the Financial Statements.
6O
VILLAGE OF GLENVIEW, ILLINOIS
MOTOR FUEL TAX FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Revenues
Allotments $ 378,000 $ 414,170
Intergovernmental Revenue 140,731
Interest Income 115,000 228,438
Miscellaneous 1,297,263 480
$1,790,263 $ 783,819
Expenditures
Maintenance $ 50,000 $ 48,764
Mass Transit 6,000 5,445
Fau/Harlem Central 90,000 134,161
Pavement Evaluation 2 000
Linneman Street Paving 30,000 58,422
Club Circle/Chatham 352 000 10,077
Grove Street Bridge 10,437
Milwaukee Railroad Crossing Glenview Road 26 000 11,052
Chicago Northwestern Railroad Crossing Glenview Road 10,000 3,962
Fau Chestnut Avenue 150 000 58,443
Park Drive Paving 20,000 121,866
Chester/Prairie Lawn Pavement 250 000 51,902
Fau Glenview Road West End 30,436
Shermer North of Lake 185 000 13,938
Chicago Northwestern Railroad Crossing West Lake Ave. 16,800
Carillion Waukegan Traffic Light 90,000 110,535
Prairie Street Paving 300,000 5,322
Hunter Road Pavement 260,000 966
Winnetka/Waukegan Intersection 113,000
Larkdale Drive Pavement 1,000 868
$1,935,000 $ 693,396
Excess (Deficiency) of Revenues
over Expenditures $ (144,737) $ 90,423
Fund Balance
January 1, 1982 1,657,641
December 31, 1982 (Page 54) $1,748,064
Notes to the Financial Statements.
See
accompanying
DEBT SERVICE FUNDS
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Fund Description
I The Debt Service Funds are used to account for the accumulation of resources for
I the payment of~General Long-Term Debt. The following issues are being retired by
tax levy.
Special Service Area Number 3 of 1981
I This issue in the amount of $25,000 was used to construct a water main on
Woodlawn Drive.
I Special Service Area Number 2 of 1981
This issue in the amount of $38,000 was used to construct a sanitary
I sewer on Woodiawn Drive.
~pecial Service Area Number 1 of 198]
IThis issue in the amount of $70,000 was used to install a lighting system
in the Swainwood Subdivison.
I Municipal Building Bonds of 1979
This issue in the amount of $950,000 was used to construct the Village
I Hall.
Public Library Parking Lot Bonds of 1976
I This issue in the amount of $200,000 was used to construct a library
parking lot.
I Police Administration Building Bonds of i977
This issue in the amount of $1,400,000 was used to construct the Police
I Administration Building.
Waukegan Road Sanitary Service Bonds of 1968
I This issue in the amount of $38,000 was used to construct a sanitary
sewer on Woodlawn Drive.
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I CAP.AL PROJECT FUNDS
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Fund Descriptions
I Village Hall Construction Fund
I 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.
I Public Works Garage Fund
I 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.
I Capital Equipment Replacement Fund
The Capital Equipment Replacement Fund is used to account for the funds annually
i set aside for the eventual replacement of certain capital equipment.
~pecial Service Area No. 4 Fund
I 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.
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, 1982
Budget Actual
Interest Income $ 180,000 $ 129,511
Expenditures
Contractual Services 1,268,100 69,683
Excess (Deficiency) of Revenues over Expenditures
before Operating Transfers $(1,088,100) $ 59,828
Operating Transfers In
Corporate Fund $ 150,000 $ 150,000
Revenue Sharing Fund 150,000 150,000
$ 300,000 $ 300,000
Excess (Deficiency) of Revenues over Expenditures $ (788,100) $ 359,828
Fund Balance
January 1, 1982 935,212
December 31, 1982 (Page 64) $1,295,040
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
CAPITAL EQUIPMENT REPLACEMENT FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Revenues
Interest Income $ 15,000 $ 9,425
Miscellaneous 326,909 496,758
$341,909 $506,182
Expenditures
Contractual Services $ 500 $ 11,49i
Automobiles 175,900 226,829
$176,400 $238,320
Excess of Revenues over Expenditures $165,509 $267,862
Fund Bala~ce
January 1, 1982 151,831
December 31, 1982 (Page 64) $419,693
See accompanying Notes to the Financial Statements.
SPECIAL ASSESSMENT FUNDS
Fund Descriptions
Special Assessment Funds
The Special Assessment Funds are inactive and have been closed out at December 31,
1982.
68
VILLAGE OF GLENVIEW, ILLINOIS
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1982
Totals
1982 1981
ASSETS
Cash and Investments $379,439
Assessments Receivable
Current Installments 9,272
Interest Receivable 4,310
Due from Other Funds 39,979
- $433,000
LIABILITIES AND FUND BALANCES
Liabilities
Bonds Payable $ 8,000
Due to Other Funds 425,000
Total Liabilities - $433,000
Fund Balances (Page 69) - -
- $433,000
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1982
Totals
1982 1981
Revenues
Interest on Assessments $13,328 $ 775
Interest on Investments 50,576
Miscellaneous Income 14,463
$13,328 $ 65,814
Expenditures
Interest Expense $ 560 $ 3,120
Rebate Expense 423,503
Miscellaneous Expense 94 8,005
$ 654 $ 434,628
Excess (Deficiency) of Revenue
over Expenditures before
Operating Transfers (Out) $12,674 $(368,814)
Operating Transfers (Out)
Corporate Fund (3,402)
Excess (Deficiency) of Revenues
over Expenditures $ 9,272 $(368,814)
Fund Balances
January 1 $ 368,814
Prior Period Adjustment (Note 3.D.4.b.) $(9,272)
Adjusted Balance $--~,2~) $ 368,814
December 31 (Page 68) - -
See accompanying Notes to the Financial Statements.
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I PROPRIETARY FUND TYPES
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Fund Descriptions
Water and Sewer Fund - East
The Water and Sewer Fund - East is used to account for the provision of water and
sewer service to the residents of east Glenview. Ail activity necessary to
provide such services is 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.
Water and Sewer 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 comm,,ter parking facilities within the Village.
VILLAGE OF GLENVIEW, ILLINOIS
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1982
(See Following Page)
m
VILLAGE OF GLENVIEW, ILLINOIS m
ENTERPRISE FUND$
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN P. ETAINED EARNINGS - UNRESERVED ·
FOE THE YEAR ENDED DECEMBER 31, 1982
Sewerage Sewerage Parking Totals
m
Fund - East Fund - West Lot Fund 1982 1981
Operating Revenues m
Charges for Services
Water and Sewer Charges $1,103,349 51,688,070 $2~791,419 52,710,722
Meter Fees $ 61,239 61,239 58,362
Water Connection Charges 12,848 17,715 30,563 74,445 m
Readers 7,928 5,790 13,718 8,086
Miscellaneous 148,268 3~920 152,188 126,398
Total $1,272,393 $1,715,495 $ 61,239 $3,049,127 82,978,013 ~m
Operating Expenses
Administration $ 137,257 $ 413,021 $ 7,966 $ 558,244 $ 457,212
Operations and Maintenance 1,386,298 722,957 2,109,255 1,517,405
Depreciation and Amortization 135,041 216,547 5,289 356,877 353,6]5 m
Total ~ $1,352,525 $13,255 $3,024,376 $2,328,232
Net Opersting Income (Loss) $ (386,203) $ 362,970 $ 47,984 $ 24,751 S 649,781
Nonoperating Revenues (Expenses) m
Interest Income $ 58,900 $ 35,486 $ 17,921 $ 112,307 S 189,23I
Interest Expense (22,7351 (576,1881 (598,923) (638,6781
$ 36,165 $ (540,7021 $ 17,921 $ (486,6fg) $ (449,447) m
·
Net
Income
(Loss)
before
Other
Financing Sources (Uses) S (350,0381 5 (177,7321 $ 65,905 $ (461,8651 S 200,334
Other Fimancing Sources (Uses) m
Operating Transfers In S 18,750
Operating Transfers (Out) $ (23,3011 $ (18,2561 $ (41,5571 (77,364)
Net Income (Loss) $ (373,339) $ (195,9881 $ 65,905 $ (503,422) $ 141,720 m
Retained Earnings - Unreserved
January i $3,717,018 $ 966,120 $172,646 $4,855,784 $5,166,533
m
Prior Period Adjustments ·
(Note 3.D.4.b.) (35,025) 59,850 {12,936) 11,8B9 (420,969)
m
Adjusted Balances ~-~'g~,993 $1,025,970 $159,710 $4,867,673 $4,745,564
Intrafund Transfers From (to)
Retained Earnings - Reserved m
Restricted Accounts 14,357 14,357 (31,5001
~ $1,025,970 $159 710 $4,g82,030 54,714,064
December 31 (Page 70) $3,323,011 $ 829,982 5225,615 S4,378,608 S4,85~,~78____~__4__4 m
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~e accompanying Notes to the Financial Statements. m
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VILlagE OF GLENVIEW, IILINOIS
EMIMRPRISE FUNDS
COMBINING ST~ OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECE~ER 31, 1982
Waterworks Waterworks
and and Ccn~uter
Se~rage Sewerage Parking Totals
Fund - East Fand - Wast Lot Fund 1982 1981
Cash Was Provided By
Operations
Not Income (Loss) $(373,339) $(195,988) $ 65,905 $ (503,422) $ 141,720
Add Back Nor~-Cash Expense
Depreciation 135,041 216,547 351,588 348,326
Amortization 5,289 5,289 5,289
$(238,2~) $ 20,559 $ 71,194 ~) $ 495,335
Increase in Current Liabilities
(Payable from Current Assets) 271,089
Increase in Current Liabilities
(Payable from Restricted Assets) 168,536
Intrafnnd Transfers from Restricted Accounts 114,042 114,042 173,197
Prior Period B~djustment 59,850 59,850
Decrease in Current Assets 550,697 550,697 34,611
Decrease in Restricted Assets 380 380
$(124,256) $ 631,~B6 $ 71,194 $ 578,424 $ 1,142,768
Cash Was Used To
Increase Current Assets $ 11,520 $ 1,230 $ 12,750 $ 335,336
Purchase Fixed Assets 97,345 $ 395,527 492,872 577,334
Pay Bond Principal 105,000 350,000 455,000 420,000
Intrafund Transfers to Restricted Accounts 99,685 99,685 96,470
Finance Prior Period Adjustn~nt 35,025 12,936 47,961 420,969
Increase Restricted Assets 276,763
Decrease Current Liabilities
(Payable from Current Assets) 2,148 157,534 159,682 205,614
Decrease Current Liabilities
(Payable from Restricted Assets) 380 380
$ 350,723 $ 903,441 $ 14,166 $1,268,330 $ 2,332,486
Net Increase (Decrease) $(474,979) $(271,955) $ 57,028 $ (689,906) $(1,189,718)
Cash and Investn~nts
January 1 450,351 716,672 136,178 1,303,201 2,492,919
December 31 (Page 70) $ (24,628) $ 444,717 .$193,206 $ 613,295 $ 1,303,201
See accompanying Notes to the Financial Statemmnts.
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
STATEMENT OF CHANGES IN RETAINED EARNINGS -
RESERVED - RESTRICTED ACCOUNTS
FOR THE YEAR ENDED DECEMBER 31, 1982
Bond Depreciation,
Principal Extension
Bond and and
Reserve Interest Improvement Total
Increases
Interest Income $ 16,655 $ 32,656 $ 49,311
Intrafund Transfers from
Operations and
Maintenance Account 7,500 $68,185 24,000 99,685
Interfund Transfers from
Waterworks and Sewerage
Fund West ...... 75,000 75,000
$ 24,155 $68,185 $131,656 $223,996
Decreases
Intrafnnd Transfers to
Operations and Maintenance
Payment of Bond Principal
and Interest $68,185 $ 68,185
Purchase of Capital Assets $ 45,857 45,857
Extraordinary Repairs and
Replacements 24,148 24,148
$68,185 ~ 70,005 $138,190
Net Increase $ 24,155 S 61,651 $ 85,806
Account Balance
January 1, 1982 285,566 270,071 555,637
December 31, 1982 (Page 73) $309,721 - ............. $331,722 $641,443
See accompanying Notes to the Financial Statements
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - EAST
OPERATIONS AND MAINTENANCE ACCOUNT
STATEMENT OF tLEVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 1982
1982 1081
Budget Actual Actual
Operating Revenues
Water and Sewer Charges $1,310,000 $1,103,349 $1~000,534
Water Meter Repair (~arges 216
Water Connection Charges 12,848 8,805
Water Meters and Remote Readers 7,928 4,905
Brass Fittings 315 1,315
Water for Construction 1,046 960
Miscellaneous 303,098 146,681 107,390
$1,613,098 $1,272,393 $1,123,909
Operating Expenses
Water Administration $ 139,010 $ 137,257 $ 160,588
Special Projects 10,000 8,307
Supply and Metering 784,908 747,027 530,828
Pumping Station 79,075 58,265 89,283
Distribution System 108,456 113,916 155,010
Sewer Operations and Mmintenance 258,015 253,273 86,853
Overhead 201,083 20~,510
Depreciation 135,041 137,553
$1,580,547 $I,658,596 $1,161,015
Net Operating Income (Loss) $ 32~551 S (386,203) $ (37,106)
Nonoperating Income (Expenses)
Interest Income $ 55,000 $ 58,900 $ &3,308
Interest Expense (22,735) (22,735) (26,590)
$ 32,265 $ 36,165 $ 16,718
Net Income (Loss) before
Operating Transfers $ 64,816 $ (350,038) $ (20,388)
Operating In (Out)
Transfers
Illinois Municipal Retirement Fund $ (18,256) $ (18,256) $ (35,597)
Debt Service Fund (5,045) (5,045) (5,140)
Waterworks and Sewerage Fund - West 18,750
Net Income (Loss) $ 41,515 $ (373,339) $ (42,375)
Retained Earnings - Unreserved
January 1 S3,717,018 S3,850,878
Prior Period Adjustment (Note 3.D.4.b.) (35,025) (59,985)
Adjusted Balances S3,681,993 $3,790,g93
lntrafund Transfers (to) from Retained Earnings -
Reserved - Restricted Accounts 14,357 (31,500)
$3,696,350 S3,759,393
December 31 (Page 73) $3,323,011 S3,717,018
See accompanying Notes to the Financial Statements.
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, 1982
Budget Actual
Water Administration
Professional Services $ $ 3,529
Contractual
2,000
Printing, Binding and Publication 50 9
Postage 4,440 4,271
Transfer to Corporate for Administrative
Services 129,020 129,020
Transfers to Other Funds 178,476 178,476
Computer Supplies 3,500 428
$317,486 $315,733
Less Nonoperating Expenses
Transfers to Other Funds 178,476 178,476
$139,010 $137,257
Supply and Metering
Regular Salaries $ 16,394 $ 17,986
Overtime Salaries 814 1,693
Temporary Salaries 13,700 13,767
Contractual Professional Services 10,000 525
Water 725,000 706,093
Maintenance of Buildings 2,000 481
Operational Materials and Supplies 17,000 6,482
$784,908 $747,027
Special Projects
Depot St. Main Replacement $ 35,000 $ 51,488
Thornwood Watermain Replacement 30,000
Highland Terrace Intercon 10,000 8,307
$ 75,000 $ 59,795
Less Nonoperating Expenses
Fixed Assets to be Capitalized 65,000 51,488
$ 10,000 $ 8,307
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, 1982
Budget Actual
Pumping Station
Regular Salaries $ 16,394 $ 10,034
Overtime Salaries 6,241 4,654
Temporary Salaries 100 86
Contractual Professional Services 1,490 1,222
Power and Light 40,000 32,469
Heating 5,800 2,734
Telephone 1,800 821
Maintenance of Building 2,000 2,439
Cleaning and Household Supplies 50 97
Maintenance Materials - Equipment 3,000 2,847
Maintenance Materials - Building 800 560
Operating Materials and Supplies 1,400 302
Machinery and Equipment 19,000
$ 98,075 $ 58,265
Less Nonoperating Expenses
Machinery and Equipment 19,000
$ 79,075 $ 58,265
Distribution System
Regular Salaries $ 54,101 $ 61,581
Overtime Salaries 17,636 11,915
Temporary Salaries 4,819 7,161
Maintenance of Equipment 500 29
Maintenance of Buildings 10,000 9,275
Maintenance Materials - Buildings 18,400 23,094
Operating Materials and Supplies 3,000 861
$108,456 $113,916
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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, 1982
Budget Actual
Sewer Operations and Maintenance
Regular Salaries $ 34,428 $ 41,138
Overtime Salaries 1,085 1,375
Temporary Salaries 2,100 1,500
Contractual Professional Services 200,000 189,243
Power and Light 3,200 2,081
Rentals 50 110
Maintenance of Equipment 650 613
Maintenance Materials - Equipment 2,855 2,481
Operating Materials and Supplies 3,600 3,922
Transfer to CERF 2,300 2,300
Transfer to MERF 7,747 8,235
Automotive Equipment 48,000 275
$306,015 ~,273
Less Non-Operative Expenses
Machinery and Equipment 48,000 -
$258,015 $253,273
Overhead
Regular Salaries $ 82,791 $ 92,081
Overtime Salaries 100 84
Temporary Salaries 1,462 1,363
Longevity Pay 1,000 1,000
and Memberships 410 449
Dues,
Subscriptions
Maintenance of Equipment 70
Rentals 2,700 1,677
Travel Expense I90 348
Training 1,000 490
Uniform Allowance 2,775 2,719
Office Supplies 500 475
BoOks, Pamphlets and Materials 150
Small Tools and Equipment 3,600 2,892
Transfer to CERF 40,341 40,341
Transfer to MERF 62,494 60,091
Machinery and Equipment 1,500 1,500
8201,083 $205,510
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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, 1982
1982 1981
Budget Actual Actual
Operating Revenues
Water and Sewer Charges $2,075,000 $1,688,070 $1,710,188
Water Connection Charges 17,715 65,640
Water Meters and Remote Readers 5,790 3,181
Brass Fittings 482
Water for Contruction 607 1,302
Turn on Charges 2,275 1,720
Miscellaneous 61,500 1,038 13,22q
$2,136,500 $1,715,495 $1,795,742
Operating Expenses
Water Administration $ 429,942 $ 413,021 $ 294,856
Waterworks Operations and Mmintenance 584,045 500,408 419,874
Pumping Station 245,881 150,678 106,427
Distribution Syste~ 106,024 71,871 126,210
Depreciation 216,547 210,773
$1,365,892 $1,352,525 $1,158,140
Net Operating Income $ 770,608 $ 362,970 $ 637,602
Nonoperating Income (Expenses)
Interest Income $ 165,000 $ 35,486 $ 135,917
Interest Expense (587,250) (576,188) (612,088)
$--Cf~,2-YS) $ (540,70~) $ (476,171)
Net Income (Loss) before Operating Transfers $ 348,358 $ (177,732) $ 161,431
Transfers In (Out)
Operating
Illinois Municipal Retirement Fund $ (18,256) $ (18,256) $ (17,877)
Waterworks and Sewerage Fund - West (18,750)
Net Income (Loss) $ 330,102 $ (195,988) $ 124,804
Retai~ed Earnings
January I $ 966,120 $1,202,300
Prior Period Adjustment (Note 3.D.4.b.) 59,850 (360,984)
Adjusted Balances ~f,025,970 ~ 841,316
December 31 (Page 70) $ 829,982 $ 966,120
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, 1982
Budget Actual
Waterworks Administration
Contractual Professional Services $ 3,000 $ 3,528
Postage 5,045 4,283
Computer Supplies 3,500 403
Transfer to Other Funds for Administrative
Expenses 394,743 394,743
Transfers to Other Funds 930,506 930,506
Other Operating Expenses 23,654 10,064
$1,360,448 $1,343,527
Less Nonoperating Expenses
Transfers to Other Funds 930,506 930,506
$ 429,942 S 413,021
Supply and Metering
Regular Salaries $ 16,395 $ 13,168
Overtime Salaries 450 259
Temporary Salaries 10,200 6,854
Contractual Professional Services 15,000 525
Water 525,000 472,000
Uniforms 2,000
Operating Materials and Supplies 15,000 7,602
$ 584,045 $ 500,408
Special Projects
Pfingsten/Linnemen Watermain $ 81,700 $ 77,892
Rosedale Watermain Replacement 41,500 34,461
Hillside Watermain Replacement 37,000 30,725
Meadow Watermain Replacement 52,000 43,181
Revere Watermain Replacement 38,000 31,551
Greenwood Watermain Replacement 204,000 177,717
Milwaukee/Greenwood Connection 38,000
Lindenwood/E. Lake Connection 35,000
$ 527,200 $ 395,527
Less Nonoperating Expenses
Project Costs Capitalized 527,200 395,527
VILLAGE OF GLENVIEW, ILLINOIS
WATERWORKS AND SEWERAGE FUND - WEST
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Pumping Station
Regular Salaries $ 16,395 $ 14,078
Overtime Salaries 5,246 4,903
Temporary Salaries 100 754
Contractual Professional Services 1,490 1,210
Power and Light 60,000 66,695
Heating 3,500 1,378
Telephone 1,600 1,290
Maintenance of Buildings 51,200 38,581
Cleaning and Household Supplies 50 51
Maintenance Materials - Equipment 4,000 1,797
Maintenance Materials - Buildings 1,000 1,210
Operating Materials and Supplies 1,300 86
Building Improvements 90,000 7,453
Machinery and Equipment 10,000 11,192
8245,881 8150,678
Distribution System
Regular Salaries $ 54,101 $ 35,963
Overtime Salaries 13,204 8,094
Temporary Salaries 4,819 3,712
Maintenance of Equipment 500 14
Maintenance of Buildings 10,000 5,712
Maintenance Materials - Building 20,400 17,889
Operating Materials and Supplies 3,000 487
$106,024 $ 71,871
VILLAGE OF GLENVIEW, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1982
1982 1981
Budget Actual Actual
Revenues
Meter Fees $ 12,796 $ 7,417
Parking Decals $51,700 48,443 50,945
$51,700 $ 61,239 $ 58,362
Operating Expenses
Contractual and Professional Services $ 3,920 $ 7,876 $ 1,767
Maintenance Materials 300 90 219
Operational Materials 3,000 1,802
Amortization 5,289 5,289
$ 7,220 $ 13,255 $ 9,077
Net Operating Income $44,480 $ 47,984 $ 49,285
Nonoperating Income
Interest 5,000 17,921 10,006
Net Income $49,480 $ 65,905 $ 59,291
Retained Earnings
January 1 $172,646 $113,355
Prior Period Adjustment (Note 3.D.4.b.) (12,936)
Adjusted Balance $159,710 $113,355
December 31 (Page 70) $225,615 S172,646
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
six member departments. As of December 31, 1982 the Regional Emergency Dispatch
Center served the fire departments of:
Village of Glenview
Village of Morton Grove
Village of Niles
Glenbrook Fire Protection District
North Maine Fire Protection District
Prospect Heights Fire Protection District
Preparing Department Center
This 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 accunt for the costs of repairing
and maintaining all vehicles of the Village. These costs include labor, mater~al,
fuel, and fixed overhead of the Village's repair facility.
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VILLAGE OF GLENVIEW, ILLINOIS
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1982
Regional
Emergency Municipal
Dispatch Equipment
Center Fund Repair Fund Total
ASSETS
Current Assets
Cash (Page 87) $29,200 $ 19,241 $ 48,441
Accounts Receivable 25,113 25,113
Total Assets $54,313 $ 19,241 $ 73,554
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable $ 2,899 $ 4,226 $ 7,125
Due to Other Funds (Note 3.C.) 18,075 80,000 80,000
Deferred Revenue 18,075
Total Liabilities $20,974 $ 84,226 $105,200
Fund Equity
Retained Earnings (Page 86) 33,339 (64,985) (31,646)
Total Liabilities and Fund Equity $54,313 $ 19,241 $ 73,554
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND
CHANGES IN RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 1982
Regional
Emergency Municipal
Dispatch Equipment
Center Fund Repair Fund Total
Operating Revenues
Charges for Services $274,062 $284,895 S558,q57
Miscellaneous 9,826 84 9,910
$283,888 $284,979 $568,867
Operating Expenses 233,683 351,977 585,660
Net Operating Income $ 50,205 $(66,998) $(16,793)
Nomoperating Revenues
Interest Income 1,412 2,013 3,425
Net Income before Operating Transfers $ 51,617 $(64,985) $(13,368)
Operating Transfers (Out)
Corporate
Fund $(11,024) $(11,024)
Illinois Municipal Retirement Fund (24,655) (24,655)
Net Income (Loss) $ 15,938 $(64,985) $(49,047)
Retained Earnings
January 1, 1982 17,401 17,401
December 31, 1982 (Page 85) $ 33,339 $(64,985) $(31,646)
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1982
Regional
Emergency Municipal
Dispatch Equipment
Center Fund Repair Fund Total
Cash Was Provided By
Operations
Net Income (Loss) $15,938 $(64,985) $(49,047)
Increase in Deferred Revenue 18,075 I8,075
Increase in Accounts Payable 4,226 4,226
Increase in Due to Other Funds 80,000 80,000
Decrease in Due from Other Funds 63,999 63,999
$98,012 $ 19,241 $117,253
Cash Was Used To
Decrease Due to Other Funds $39,800 $ 39,800
Decrease Accounts Payable 1,611 1,611
Increase Accounts Receivable 25,113 25,113
$66,524 $ 66,524
Net Increase in Cash $31,488 $ 19,241 $ 50,729
Cash
January 1, 1982 (2,288) (2,288)
December 31, 1982 (Page 85) $29,200 $ 19,241 $ 48,441
See accompanying Notes to the Financial Statements.
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, 1982
Budget Actual
Operating Revenues
Charges for Services $272,680 $274,062
Miscellaneous 9,826
$272,680 $283,888
Operating Expenses (Page 89) 237,001 233,683
Net Operating Income $ 35,679 $ 50,205
Nonoperatimg Revenues
Interest Income 1,412
Net Income before Operating Transfers $ 35,679 $ 51,617
Operating Transfers (Out)
Corporate Fund $(11,024) $(11,024)
Illinois Municipal Retirement Fund (24,655) (24,655)
Net Income - $ 15,938
Retained Earnings
January 1, 1982 17,401
December 31, 1982 (Page 85) $ 33,339
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
REGIONAL EMERGENCY DISPATCH CENTER FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Regular Salaries $162,897 $153,404
Overtime Salaries 19,301 20,698
Holiday Pay 7,665 6,180
Contractual Professional Services 1,500 9,036
Printing, Binding and Publication 1,500 1,049
Postage 100 76
Telephone 14,614 14,182
Maintenance of Equipment 8,083 7,869
Rentals 13,876 12,195
Travel Expense 400 97
Uniform Allowance 1,150 1,150
Office Supplies 250 534
Books, Pamphlets and Materials 205 125
Operational Materials and Supplies 3,080 2,440
Machinery and Equipment 1,880 4,I10
Furniture and Fixtures 500 538
Transfer to Other Funds 35,679 35,679
$272,680 $269,362
Less Non Operating Expenses
Transfer to Other Funds 35,679 35,679
$237,001 $233,683
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, 1982
Budget Actual
Operating Revenues
Charges for Services $372,150 $284,895
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Miscellaneous ~372,150 $284,979
Operating Expenses (Page 91) 372,150 351,977
Net Operating Income (Loss) $(66,998)
Nonoperating Revenues
Interest Income 2,013
Net Income (Loss) $(64,985)
Retained Earnings
January 1, 1982
December 31, 1982 (Page 85) $(64,985)
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL EQUIPMENT RE. PAIR FU'ND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Regular Salaries $113,940 $103,250
Overtime Salaries 2,080 897
Temporary Salaries 1,000 130
Contractual Professional Services 5,000 3,829
Heating 1,545
Maintenamce of Equipment 10,750 25,490
Maintenance of Buildings 1,000 1,894
Uniform Allowance 2,295 2,829
Fuel 161,370 123,265
Motor Vehicle Supplies 11,300 16,q68
Cleaning and Household Supplies 846 315
Maintenance Materials - Equipment 40,000 48,901
Maintemance Materials - Buildings 2,500 7,028
Small Tools and Equipment 2,000 1,694
Transfer to CERF 3,200 3,200
Other Maintenance 4,569 4,147
Machinery and Equipment 10,300 6,595
$372,150 $351,977
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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, 1982
Escrow Totals
Deposit Deposit 1982 1981
Revenues
Miscellaneous $ 106,263 $ 411 $ 106,674 $117,427
Expenditures
Contractual Services 1,488 - 1,488 28,639
Excess of Revenues over Expenditures
before Operating Transfers $ 104,775 $ 411 $ 105,186 $ 88,788
Operating Transfers In (Out)
Corporate $(104,775) $(104,775) $(89,133)
Regional Emergency Dispatch
Center Fund 700
Excess of Revenues over Expenditures - $ 411 $ 411 $ 355
Fund Balance
January 1, 1982 __- 603 603 248
December 31, 1982 (Page 92) - $1,014 $ 1,014 $ 603
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, 1982
Police Firemen's
Pension Pension Totals
Fund Fund 1982 1981
Revenues
Property Taxes - Net $ 310,303 $ 218,392 $ 528,695 $ 384,328
Replacement Taxes 8,857 6,228 15,085 20,616
Interest Income 283,663 220,930 504,593 415,862
Employee Contributions 125,165 83,788 208,953 181,295
Other 15,244 30,029 45,273 43,330
$ 743,232 $ 559,367 $1,302,599 $1,045,431
Expenses
Pensions $ 196,623 $ 30,931 $ 227,554 $ 177,879
Other 2,105 680 2,785 16,309
$ 198,728 $ 31,611 $ 230,339 $ 194,188
Net Imcome $ 544,504 $ 527,756 $1,072,260 $ 851,243
Fund Balances
January 1 $2,426,504 $1,794,025 $4,220,529 $3,764,571
Prior Period Adjustments -
Property Taxes (Note 3.D.4.a) (395,285)
Prior Period Adjustments -
Other (Note 3.D.4.b) (40,323) (24,499) (64,822)
Adjusted Balances $2,386,181 $1,769,526 $4,155,707 $3,369,286
December 31 (Page 92) $2,930,685 $2,297,282 $5,227,967 $4,220,529
See accompanying Notes to the Financial Statements.
VILLAGE OF GLENVIEW, ILLINOIS
TRUST AND AGENCY FUNDS
PENSION TRUST FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 1982
Police Firemen's
Pension Pension Totals
Fund Fund 1982 1981
Cash Was Provided By
Operations
Net Income $ 544,504 $ 527,756 $1,072,260 $ 851,243
Increase in Current Liabilities 104,564 144,308 248,872 526,953
$ 649,068 $ 672,064 $1,321,132 $1,378,196
Cash Was Used To
Increase Current Assets $ 106,703 $ 132,669 $ 239,372 $ 208,456
Finance a Prior Period
Adjustment - Property Taxes 395,285
Finance Other Prior Period
Adjustments 40,323 24,499 __ 64,822
$ 147,026 $ 157,168 $ 304,194 $ 603,741
Net Increase $ 502,042 $ 514,896 $1,016,q38 $ 774,455
Cash and Investments
January 1 2,337,452 1,733,834 4,071,286 3,296,831
December 31 (Page 92) $2,839,494 $2,248,730 $5,088,224 $4,071,286
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, 1982
Budget Actual
Revenues
Property Taxes - Current $303,370 $ 300,982
Property Taxes - Prior 9,321
Replacement Taxes 6,673 8,857
Employees' Contributions 126,597 125,165
Interest Income 133,000 283,663
Other 14,894 15,244
$584,534 $ 743,232
Expenses
Pensions and Refunds $192,228 $ I96,623
Other Operating Expenses 500 2,105
$192,728 $ 198,728
Net Income $391,806 $ 544,504
Fund Balance (Note 3.B.l.b.)
January 1, 1982 $2,735,850
Prior Period Adjustment - Property Taxes (Note 3.D.4.a.) (309,346)
Prior Period Adjustment - Other (Note 3.D.4.b.) (40,323)
Adjusted Balances $2,386,181
December 31, 1982 (Page 92) $2,930,685
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
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FOR THE YEAR ENDED DECEMBER 31, 1982
Budget Actual
Revenues
Property Taxes - Current $213,482 $ 211,831
Property Taxes - Prior 6,561
Replacement Taxes 4,700 6,228
Employees' Contributions 83,652 83,788
Interest Income 81,000 220,q30
Foreign Fire Insurance Tax 19,094 19,094
Other 10,935 10,935
$412,863 $ 559,367
Expenses
Pensions $ 30,933 $ 30,931
Other Operating Expenses 20,550 680
$ 51,483 $ 31,611
Net Income $361,380 $ 527,756
Fund Balance (Note 3.B.l.c.)
January 1, 1982 $2,011,712
Prior Period Adjustments - Property Taxes (Note 3.D.4.a.) (217,687)
Prior Period Adjustments - Other (Note 3.D.4.b.) (24,499)
Adjusted Balance $1,769,526
December 31, 1982 (Page 92) $2,297,282
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31, 1982
GENERAL FIXED ASSETS
Land $ 1,481,758
Buildings and Improvements 5,826,593
Equipment 2,675,886
Furniture 269,709
Office Equipment 226,382
$10,480,328
INVESTMENT IN GENERAL
FIXED ASSETS
General Revenues and
Bond Issues $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, 1982
January 1, December 31,
1982 Additions Deletions 1982
Function and Activity
General Government
Executive $ 64,166 $ 64,166
Administrative 1,475,861 $ 8,460 1,484,321
Finance 641,680 8,026 649,706
Building and Grounds 128,336 128,336
Total General Government $ 2,310,043 $ 16,486 - $ 2,326,529
Public Safety
Police $ 2,307,908 $115,299 $59,244 $ 2,363,963
Fire 1,532,873 33,699 4,819 1,561,753
Total Public Safety $ 3,840,781 $148,998 $64,063 $ 3,925,716
Public Works
Building Division $ 834,182 $ 6,360 $ 840,542
Engineering 320,839 605 321,444
Street Division 2,310,044 3,945 2,313,989
Equipment and Supplies
Division 641,680 139,475 $29,047 752,108
Total Public Works $ 4,106,745 $150,385 $29,047 $ 4,228,083
Total Fixed Assets $10,257,569 $315,869 $93,110 $10,480,328
See accompanying Notes to the Financial Statements.
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VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1982
Interest Maturity
Fund Rate Date
General
Corporate
Glenview State Bank 8.550 1/10/83 $ 100,000
First Trust and
Savings Bank 8.375 3/24/83 100,000
8.375 3/24/83 100,000
8.375 4/13/83 200,000
8.375 6/15/83 200,000
First National Bank
of Chicago 9.150 4/13/83 100,000
9.150 6/15/83 100,000
Cragin Federal
Savings and Loan 9.250 6/14/83 100,000 $1,000,000
Special Revenue
Library
Glenview State Bank 8.400 1/13/83 $100,000
8.750 1/13/83 100,000
8.750 4/1/84 100,000
8.750 4/13/83 100,000 $ 400,000
Illinois Municipal
Retirement
Glenview State Bank 8.450 2/1/83 $i75,000
8.750 2/1/83 200,000 $ 375,000
Motor Fuel Tax
Glenview State Bank 8.650 1/19/83 $400,000
8.750 4/15/83 400,000
8.875 5/2/83 100,000
First National Bank
of Chicago 9.000 2/24/83 100,000
9.000 2/24/84 100,000
9.000 2/24/84 100,000
First Trust and
Savings Bank 8.375 3/24/84 100,000
8.375 3/24/84 200,000
8.375 3/24/84 100,000
Western Savings and Loan 9.500 4/7/83 100,000 $1,700,000 $2,475,000
104
VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1982
Interest Maturity
Fund Rate Date
Debt Service
Cragin Federal
Savings and Loan 9.200 4/18/83 $ 100,000
Capital Projects
Village Hall Construction
Cragin Federal
Savings and Loan 9.375 4/19/83 $ 100,000
Public Works Garage
Glenview State Bank 8.400 1/21/83 $160,000
8.550 3/15/83 400,000
Cragin Federal
Savings and Loan 11.650 2/1/83 100,000
10.750 8/1/83 i00,000
First Trust and
Savings Bank 8.375 3/24/84 100,000
8.375 3/24/84 400,000 1,260,000
Capital Equipment
Replacement
Glenview State Bank 8.450 2/1/83 $225,000
First Trust and
Savings Bank 8.250 2/23/83 100,000 325,000 1,685,000
Enterprise
Waterworks amd Sewerage-
East
Glenview State Bank 8.650 1/19/83 $200,000
8.750 3/13/83 100,000
First National Bank
of Chicago 9.100 1/28/83 100,000
Cragin Federal
-Savings and Loan 9.150 4/8/83
100,000
9.125 5/3/83 100,000
First Trust and
Savings Bank 8.250 4/8/83 100,000
Glenview Guaranty
Savings and Loan 9.750 6/16/83 100,000 $ 800,000
Commuter Parking Lot
Glenview State Bank 8.750 4/8/83 160,000 960,000
VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1982
Interest Maturity
Fund Rate Date
Trust and Agency
Escrow Deposit
Glenview State Bank 8.400 1/21/83 $325,000
8.750 4/1/83 100,000
First National Bank
of Chicago 9.000 2/24/83 100,000
9.000 2/24/83 100,000
8.550 3/16/83 200,000
First Trust and
Savings Bank 8.250 3/1/83 200,000 $1,025,000
Police Pension
Glenview State Bank 8.650 1/19/83 $175,000
8.500 2/22/83 100,000
Cragin Federal
Savings and Loan 10.750 2/8/83 100,000
Glenview Guaranty
Savings and Loan 15.000 5/6/83 164,033
U.S. Treasury Notes
and Bomds 13.875 2/28/83 294,375
14.625 6/30/83 297,938
6.375 8/15/84 40,687
6.375 8/15/84 29,100
15.875 9/30/85 227,625
7.875 5/15/86 284,109
6.125 11/15/86 92,265
15.375 10/15/88 169,781
15.375 10/15/88 259,531
8.250 5/15/90 136,176
6.750 2/15/93 90,515
8.500 5/15/99 53,465
8.375 8/15/00 243,242 $2,757,842
106
VILLAGE OF GLENVIEW, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
DECEMBER 31, 1982
Interest Maturity
Fund Rate Date
Trust and Agency (Cont.)
Firemen's Pension
Cragin Federal
Savings and Loan 10.750 2/8/83 $100,000
10.550 2/11/83 100,000
9.000 3/1/83 100,000
U.S. Treasury Notes
and Bonds 13.625 1/3i/83 392,500
15.000 1/31/84 500,938
7.875 5/15/86 154,716
14.000 7/15/88 566,563
8.500 5/15/99 134,393
8.375 8/15/00 145,945 $2,195,055 $ 5,977,897
$12,197,897
108
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
WAUKEGAN ROAD SANITARY DISTRICT
GENERAL OBLIGATION SANITARY SEWER BONDS OF 1968
DECEMBER 31, 1982
Date of Issue October 1, 1967
Date of Maturity December 1, 1986
Authorized Issue $59,000
Denomination of Bonds $1,000
Interest Rates 1969 to 1979 - 5.00%
1980 to 1986 - 4.75%
Interest Date December 1
Principal Maturity Date December 1
Payable at Michigan Avenue National Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Year
Ended Tax Levy Coupons Due on
Dec. 31 Prinicpal Interest Total June 1 Amount Dec. 1 Amount
1983 $ 4,000 $ 760 $ 4,760 1983 $380 1983 $380
1984 4,000 570 4,570 1984 285 1984 285
1985 5,000 356 5,356 1985 178 1985 178
1986 5,000 119 5,119 1985 60 1986 59
$18,000 $1,805 $19,805 $903 $902
This issue was assumed by the Village during 1980.
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
POLICE ADMINSITRATION BUILDING BONDS OF 1972
DECEMBER 31, 1982
Date of Issue December 1, 1972
Date of Maturity January 1, 1990
Authorized Issue $1,400,000
Actual Issue $1,400,000
Denomination of Bonds $5,000
Interest Rate Bonds 1-280 - 4-1/2%
Interest Dates July 1 and January 1
Principal Maturity Date January 1
Payable at Northern Trust
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Numbers Principal Interest Total July 1 Amount Jan. I Amount
1982 1981 102-121 $100 000 $ 20,983 $ 120 983 1983 $20,q83
1983 1982 122-143 il0 000 37,465 147 465 1983 $18,732 1984 18,733
1984 1983 144-166 115 000 32,515 147 5[5 1984 16,257 1q85 16,258
1985 1984 167-190 i20 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 i988 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
$895,000 $169,850 $1,064,850 $74,431 $95,419
$100,000 $ 20,983 $ 120,983-Current Portion - Debt Service Fund
795,000 148,867 943,867-Long-Term Portion - General Long-
Term Debt Account Group
$895,000 $169,850 $1,064,850
110
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BOND SERIES OF 1976
DECEMBER 31, 1982
Date of Issue September 1, 1976
Date of Maturity January 1, 1986
Authorized Issue $385,000
Actual Issue $385,000
Denomination of Bonds 1 to 77 - $5,000
Interest Rate Bonds 1 to 12 - 4.90%
Bonds 13 to 47 - 4.60%
Bonds 48 to 67 - 4.80%
Bonds 68 to 77 - 4.90%
Interest Dates January 1 and July 1
Principal Maturity Date January 1
Payable at The Northern Trust Company,
Chicago, Illinois
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
$ $ 54,775 1983 $ 4,775
1982
38-47
50,000
4,775
1983 48-57 50,000 7,250 57,250 1983 $3,625 1984 3,625
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
$200,000 .$19,325 $219,325 $7,275 $12,050
$ 50,000 $ 4,775 $ 54,775 - Current
150,000 14,550 164,550 - Long-Term
$200,000 $19,325 $219,325
~ote: The principal and ~nterest w~ll be paid by ~aterworks and Sewerage Fund - East.
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERMDEBT REQUIREMENTS
MUNICIPAL BUILDING BOND SERIES OF 1979
DECEMBER 31, 1982
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 REQUIREMENTS
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Rumbers Principal Interest Total Juiy 1 Amount Jan. 1 Amount
1982 1981 11-20 $ 50,000 $ 24,225 $ 74,225 1983 $ 24,225
1983 1982 21-30 50 000 45,800 95,800 1983 $ 22,900 1984 22,900
1984 1983 31-50 100 000 43,150 143,150 1984 21,575 1985 21,575
1985 1984 51-70 100 000 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,i75 1990 8,175
1990 1989 161-190 150 000 8,250 158,250 1990 4,125 1991 4,125
$900,000 $257,075 $1,157,075 $116,425 $140,650
$ 50,000 $ 24,225 $ 74,225-Current Portion - Debt Service Fund
850,000 232,850 1,082,850-Long-Term Portion - General Long-Term
Debt
Account
Group
$900,000 $257,075 $1,157,075
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VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIRENENTS
SPECIAL SERVICE AREA #1 BONDS OF 1980
DECEMBER 31, 1982
Date of Issue July 31, 1980
Date of Maturity July 31, 1990
Authorized Issue $70,000
Denomination of Bonds $1,000
Interest Rate 6.00%
Interest Dates January 31 and July 31
Principal Maturity Date July 31
Payable at Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Bond Tax Levy Coupons Due on
Year Year Numbers Prinicpal Interest Total July 31 Amount Jan. 31 Amount
1982 1981 $ 1,680 $ 1,680 1983 1,680
1983 1982 15-21 $ 7,000 3,150 i0 150 1983 $1,680 1984 1,470
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
$56,000 $15,120 $71,120 $7,560 $7,560
$ 1,680 $ 1,680 Current Portion - Debt Service Fund
$56,000 13,440 69,440 Long-Term Portion - General Long-
Term Debt Account Group
$56,000 $15,120 $71,120
115
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA ~2 BOND OF 1981
DECEMBER 31, 1982
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 Prinicpal Interest Total
1982 1981 $ 1,383 $ 3,146 $ 4,529
1983 1982 1,504 3,026 4,530
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
i990 1989 2,692 1,837 4,529
1991 1990 2,926 1,603 4,529
1992 1991 3,180 1,349 4,529
i993 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
$37,350 $28,327 $65,677
$ 1,383 $ 3,146 $ 4,529 - Current Portion - Debt
Service Fund
35,967 25,181 61,148 - Long-Term Portion -
General Long-Term -
Debt Account Group
$37,350 $28,327 $65,677
116
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SPECIAL SERVICE AREA #3 BOND OF 1982
DECEMBER 31, 1982
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 Prinicpal Interest Total
1982 1981 $ 910 $ 2,070 $ 2,980
I983 1982 989 1,991 2,980
i984 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
$24,573 $18,636 $43,209
$ 910 $ 2,070 $ 2,980 - Current Portion - Debt
Service Fund
23,663 16,566 40,229 - Long-Term Portion -
General Long-Term -
Debt Account Group
$24,573 $18,636 $43,209
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERMDEBT REQUIREMENTS
SPECIAL SERVICE AREA #4 BOND OF 1982
DECEMBER 31, 1982
Date of Issue November 15, 1982
Date of Maturity November 15, 1993
Authorized Issue $90,000
Interest Rate 9%
Principal and Interest Dates May 15 and November 15
Payable at Glenview State Bank
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Fiscal Levy Tax Levy
Year Year Prinicpal Interest Total
1983 1982 $ 8,100 $ 8,100
i984 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 Long-Term Portion
General Long-Term
Debt Account Group
118
VILLAGE OF GLENVIEW, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
WATERWORKS AND SEWERAGE FUND
WATERWORKS AND SEWERAGE REVENUE BOND SERIES OF 1964
DECEMBER 31, 1982
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
1983 150-160 $ 55,000 $11,315 $ 66,315 1983 $ 6,125 1983 $ 5,i90
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,i50
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
$355,000 $37,445 $392,445 $21,785 $15,660
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VILLAGE OF GLENVIEW, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1982
(See Following Page)
121
122
VILLAGE OF GLENVIEW, ILLINOIS
ASSESSED AND ESTIMATEDLAST TEN ACTUAL FISCAL VALUE YEARS OF TAXABLE PROPERTY
DECEMBER 31, 1982
Ratio of Total
Assessed Value to
Tax Levy Assessed Estimated Actual Total Estimated
Year Value Value Actual Value
1973 151,689,954 455,069,000 .333
1974 155,430,287 466,290,000 .333
1975 158,959,581 476,878,000 .333
1976 182,975,478 548,926,000 .333
1977 182,563,625 547,690,000 .333
1978 193,300,215 579,900,000 .333
1979 194,119,692 582,358,000 .333
1980 277,722,776 833,I68,000 .333
1981 315,554,627 946,664,000 .333
1) 1982 334,387,000 1,003,161,000 .333
1) Estimated - 1982 Assessed Valuation was not available at the date of this report.
VILLAGE OF GLENVIEW, ILLINOIS
SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
DECEMBER 31, 1982
Current Total
Fiscal Assessments Outstanding
Year Collected Assessments
1974 $21,000 $52,054
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 -
1) Reflects change in fiscal year from April 30 to December 31.
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VILLAGE OF GLENVIEW, ILLINOIS
I STATEMENT OF LEGAL DEBT MARGIN
DECEMBER 31, 1982
There is no legal debt limit for home rule municipalities in Illinois.
I A
rticle VII, Section 6(k) of the 1970 Illinois Constitution governs computa-
tion of the Legal Debt Margin.
I"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...
I(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
I t
hereafter approved by referendum...shall not be included in the
foregoing percentage amounts."
ITo date the General Assembly has set no limits for home rule municipalities.
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VIIiAGE OF GLENVIEW, ILLINOIS
~ OF REVENUE BOb~ ODVEP~E
lAST TEN FISCAL YEARS
DEC~ER 31, 1982
(3) (4)
(2) Direct Not P~venue (5)
Fiscal Operating Operating Available for Debt Service P~quirements
Year Rmvenues Debt Service Principal Interest Total Coverage
~pe~ses
1974 $ 749,142 $ 668,915 $ 80,227 $ 40,000 $ 26,382 $ 66,382 1.21
1975 705,578 674,015 31,563 45,000 25,083 70,083 .46
1976 762,331 660,583 101,748 45,000 23,620 68,620 1.48
1977 1,143,916 958,619 185,297 70,000 46,478 116,478 .63
1978 1,549,318 1,483,031 66,287 45,000 39,765 84,765 .79
1979 2,430,218 1,466,889 963,329 240,000 250,175 490,175 1.96
1979 1,738,736 1,198,435 540,301 190,000 247,428 437,428 1.24
1980 4,057,195 2,315,595 1,741,600 340,000 644,905 984,905 1.77
19B1 2,919,651 1,731,804 1,187,847 420,000 638,678 1,058,678 1.12
1982 2,987,888 2,425,908 561,980 455,000 598,923 1,053,923 .53
Note:
(1) P~flects operations for eight months due to change in fiscal ~ar from April 30 to December 31.
(2) As defined in applicable boad indentures and governing laws, revenues include operating revenues of the
Waterworks and Sewerage F~md - East and Waterworks and Sewerage Fund - West.
(3) bond ordinance direct operating include operating expenses less depreciation
Per
requirements,
expenses
less the ~nnual transfer to the Corporate Fund for administrative overhead as co~puted below:
Water~rks and Water~Drks and
1982 Sewerage ~nd - East Se~rage Fund - West Total
_ Operatln~ Expenses $1,658,596 $1,352,525 $3,011,121
lass Depreciation (135,041) (216,5~7)
Less: Amual Transfer to
Corporate Fund for
A~minist rat ire Overhead (79,500) (154,125) (233,625)
$1,44/,,055 $ 981,853 $2,425,9~
(4) Operat~n~ revenues m~nus direct operat~nE expenses.
available for debt service div{ded by total debt requirements.
(5)
revenue
130
VILLAGE OF GLENVIEW, ILLINOIS
SALARIES AND SURETY BONDS
OF PRINCIPAL OFFICIALS
DECEMBER 31, 1982
Annual Amount of
Salary Surety Bond
Village President $ 1,200.00 $250 000
Village
Trustees 300.00 250 000
Village Treasurer - 250 000
Village Manager 54,000.00 250 000
Village Clerk 900.00 250 000
Finance Director 42,200.00 250 000
Purchasing Agent 26,424.00 250 000
Accountant 20,736.00 250 000
Assistant Village Manager 31,000.00 250 000
Administrative Assistant to
the Village Manager 22,152.00 250,000
Police Chief 42,000.00 250,000
Deputy Police Chief 37,200.00 250,000
Police Commander 34,536.00 250,000
Fire Marshal 42,900.00 250,000
Administrative Assistant to
the Fire Marshal 35,304.00 250,000
Fire Captain 35,304.00 250,000
Director of Development
and Public Services 45,400.00 250,000
Administrative Assistant to Director of
Development and Public Services 26,928.00 250,000
Community Development Planner 24,744.00 250 000
Engineering Administrator 38,364.00 250 000
Public Works Superintendent 34,956.00 250 000
Director of Building and Zoning 38,364.00 250 000
Water Distribution Superintendent 34,956.00 250 000
Head Librarian 39,600.00 250 000
Supervising Computer Operator 20,880.00 250 000
131
VILLAGE OF GLENVIEW, ILLINOIS
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
DECEMBER 31, 1982
(1)
Education
(1) Level In (2)
Per (1) Years of School (3)
Fiscal (1) Capita Median Formal Enroll- Unemploy-
Year Population Income Age Schooling ment ment
1973 27,716 $ 7,403 31.2 15.2 4,016 3.6
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
(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.
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VILLAGE OF GLENVIEW, ILLINOIS
MUNICIPAL SERVICES AND FACILITIES
DECEMBER 31, 1982
Number of Fuli Time Employees (on December 31, 1982) 188
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 Inspections:
Number of Permits Issued in 1982 544
Value of Construction Authorized in 1982 $12,930,459
135
VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS DECEMBER 31, 1982
of June 20, 1899
Date
Incorporation
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
1982 33,131
N~nber of Total Housing Units (1980 Census) 10,997
Median Value Owner occupied Noncondominium Housing Units 111,900
Distribution of Owner - Occupied
Noncondominium Housing Units by Value
Unit Value by Range
Unit
Distribution
Number Percent
Less than $ 10,000 3 .04%
$ 10,000 to $ 14,999 7 .10
$ 15,000 to $ 19,999 4 .06
$ 20,000 to $ 24,999 1 .01
$ 25,000 to $ 29,999 7 .I0
$ 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 i6.96
$ 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 (1982) $190,785,000
VILLAGE OF GLENVIEW, ILLINOIS
MISCELLANEOUS STATISTICS
DECEMBER 31, 1982
Fire Protection
Number of Firemen 39
Number of Stations 1
Number of Hydrants 1,320
I. S. O. Rating Class 3
Police Protection
Number of Policemen 55
Number of School Crossing Guards lq
Number of Stations !
Library Services
Number of Libraries 1
Number of Books and Other Materials 131,604
Number of Registered Borrowers 24,806
1982 Book Circulation 389,939
Recreation Facilities
Numbers of Parks and Playgrounds 24
Park Area in Acres - Park District Owned 340
Park Area in Acres - Park District Leased 125
Municipal Parking Facilities
Number of Parking Spaces Metered 44
Number of Parking Spaces not Metered 975
Municipal Water Utility
Accounts Served - Water and Sewer Fund East 7,180
Accounts Served - Water and Sewer Fund West 4,647
Municipal Water Consumption (Billed)
Residential Accounts (78.2%) 1,245,380,000
Commercial Accounts (15.9%) 252,491,000
Institutional Accounts (5.9%) 94,877,000
Total Gallons (Billed) 1982 1,592,748,000