HomeMy Public PortalAboutFY 2001 Certified Comprehensive Annual Financial ReportIIIIIIIIIIIIIIIIVILLAGEOFGLENVIEWILLINOISCOMPREHENSIVEANNUALFINANCIALREPORTFortheYearEndedDecember312001PreparedbyFinanceDepartmentDanielPWiersmaDirectorofFinanceHarryISakaiAssistantDirectorofFinance
IIVILLAGEOFGLENVIEWILLINOISTABLEOFCONTENTSIiIIIIIIIIIIIIIIINTRODUCTORYSECTIONPrincipalOfficialsOrganizationChartCertificateofAchievementforExcellenceinFinancialReportingDirectorofFinancesLetterofTransmittalFINANCIALSECTIONINDEPENDENTAUDITORSREPORTGENERALPURPOSEFINANCIALSTATEMENTSCombinedBalanceSheetAllFundTypesAccountGroupsandDiscretelyPresentedComponentUnitCombinedStatementofRevenuesExpendituresandChangesinFundBalancesAllGovernmentalandFiduciaryExpendableTrustFundTypesandDiscretelyPresentedComponentUnitCombinedStatementofRevenuesExpendituresandChangesinFundBalancesBudgetandActualAllGovernmentalFundTypesCombinedStatementofRevenuesExpensesandChangesinRetainedEarningsAllProprietaryFundTypesCombinedStatementofCashFlowsAllProprietaryFundTypesCombinedStatementofChangesinPlanNetAssetsAllPensionTrustFundsNotestoFinancialStatementsREQUIREDSUPPLEMENTARYINFORMATIONAnalysisofFundingProgressIllinoisMunicipalRetirementFundPolicePensionFundFirefightersPensionFundEmployerContributionsIllinoisMunicipalRetirementFundPolicePensionFundFirefightersPensionFundPagesiiiii12367891011121314154748495O515253
VILLAGEOFGLENVIEWILLINOISTABLEOFCONTENTSContinuedIIFINANCIALSECTIONContinuedCOMBINING1NDWIDUALFUNDANDACCOUNTGROUPSTATEMENTSANDSCHEDULESGOVERNMENTALFUNDTYPESGENERALFUNDBalanceSheetStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualScheduleofRevenuesBudgetandActualScheduleofExpendituresBudgetandActualScheduleofDetailedExpendituresBudgetandActualSPECIALREVENUEFUNDSCombiningBalanceSheetCombiningStatementofRevenuesExpendituresandChangesinFundBalancesIllinoisMunicipalRetirementFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualMotorFuelTaxFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualRefuseandRecyclingFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual911CommunicationsFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualGNASRedevelopmentFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualScheduleofExpendituresBudgetandActualPages545556575859606667686970717273747576IIIIIIIIIIIIIIIII
IIVILLAGEOFGLENVIEWILLINOISTABLEOFCONTENTSContinuedIIIIIIIIIIIIIIIIPagesFINANCIALSECTIONContinuedCOMBININGINDIVIDUALFUNDANDACCOUNTGROUPSTATEMENTSANDSCHEDULESContinuedGOVERNMENTALFUNDTYPESContinuedSPECIALREVENUEFUNDSContinuedGNASCaretakerFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual77ScheduleofExpendituresBudgetandActual7880SpecialTaxAllocationFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual81DEBTSERVICEFUNDSCombiningBalanceSheet82CombiningStatementofRevenuesExpendituresandChangesinFundBalances83CombiningStatementofRevenuesExpendituresandChangesinFundBalancesBudgetandActual8485CAPITALPROJECTSFUNDSCombiningBalanceSheet86CombiningStatementofRevenuesExpendituresandChangesinFundBalances8788CombiningStatementofRevenuesExpendituresandChangesinFundBalancesBudgetandActual8992ScheduleofDetailedExpendituresBudgetandActualGNASBondFundSeries19959394PROPRIETARYFUNDTYPESENTERPRISEFUNDSCombiningBalanceSheet9596CombiningStatementofRevenuesExpensesandChangesinRetainedEarnings9798CombiningScheduleofChangesinContributedCapital99CombiningStatementofCashFlows100101
VILLAGEOFGLENVIEWILLiNOISTABLEOFCONTENTSContinuedIPagesFiNANCIALSECTIONContinuedCOMBiNINGINDIVIDUALFUNDANDACCOUNTGROUPSTATEMENTSANDSCHEDULESContinuedPROPRIETARYFUNDTYPESContinuedENTERPRISEFUNDSContinuedWaterworksFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual102103ScheduleofOperatingExpensesBudgetandActual104105ScheduleofFixedAssetsandDepreciation106WholesaleWaterFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual107ScheduleofOperatingExpensesBudgetandActual108ScheduleofFixedAssetsandDepreciation109NorthMaineWaterandSewerFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual110111ScheduleofOperatingExpensesBudgetandActual112ScheduleofFixedAssetsandDepreciation113SewerageFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandAcmat114ScheduleofOperatingExpensesBudgetandActual115ScheduleofFixedAssetsandDepreciation116CommuterParkingLotFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual117ScheduleofOperatingExpensesBudgetandActual118ScheduleofFixedAssetsandDepreciation119IIIIiIIIIiII
VILLAGEOFGLENVIEWILLiNOISTABLEOFCONTENTSContinuedIIIIIIIIIiIiIIIFiNANCIALSECTIONContinuedCOMBiNiNGiNDIVIDUALFUNDANDACCOUNTGROUPSTATEMENTSANDSCHEDULESContinuedPROPRIETARYFUNDTYPESContinuedINTERNALSERVICEFUNDSCombiningBalanceSheetCombiningStatementofRevenuesExpensesandChangesinRetainedEarningsCombiningStatementofCashFlowsMunicipalEquipmentRepairFundStatementofRevenuesExpensesandChangesinRetainedEarningsoBudgetandActualScheduleofOperatingExpensesBudgetandActualScheduleofFixedAssetsandDepreciationInsuranceFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActualFIDUCIARYFUNDTYPESTRUSTANDAGENCYFUNDSCombiningBalanceSheetCombiningStatementofPlanNetAssetsCombiningStatementofRevenuesExpendituresandChangesinFundBalancesExpendableTrustFundsCombiningStatementofChangesinPlanNetAssetsPensionTrustFundsStatementofChangesinPlanNetAssetsBudgetandActualPolicePensionFundFirefightersPensionFundCombiningStatementofChangesinAssetsandLiabilitiesAgencyFundsPages120121122123124125126127128129130I31132133
VILLAGEOFGLENVIEWILLINOISTABLEOFCONTENTSContinuedIIPagesFINANCIALSECTIONContinuedCOMBININGINDIVIDUALFUNDANDACCOUNTGROUPSTATEMENTSANDSCHEDULESContinuedACCOUNTGROUPSGENERALFIXEDASSETSACCOUNTGROUPScheduleofGeneralFixedAssetsbySource134ScheduleofGeneralFixedAssetsbyFunctionandActivity135ScheduleofChangesinGeneralFixedAssetsbyFunctionandActivity136GENERALLONGTERMDEBTACCOUNTGROUPScheduleofGeneralLongTermDebt137COMPONENTUNITLibraryFundCombiningBalanceSheet138StatementofRevenuesExpendituresandChangesinFundBalance139ScheduleofOperatingExpendituresBudgetandActual140ScheduleofGeneralFixedAssetsbySource141SUPPLEMENTALDATACombinedScheduleofCashandInvestments142143LongTermDebtRequirementsCorporatePurposeBondSeriesof1992144CorporatePurposeBondSeriesof1993145CorporatePurposeBondSeriesof1994146CorporatePurposeBondSeriesof1996147CorporatePurposeBondSeriesof1997148CorporatePurposeNotesof1997149GeneralObligationBondSeriesof1998A150GeneralObligationBondSeriesof1998B151GeneralObligationBondSeries02000152GeneralObligationBondSeriesof2001153iIII1IIIIIiIiiIiI
IVILLAGEOFGLENVIEWILLINOISTABLEOFCONTENTSContinuedIIIIIIiIIiIiIlIPaResSTATISTICALSECTIONGeneralGovernmentalRevenuesbySourceLastTenFiscalYearsI54GeneralGovernmentalExpendituresbyFunctionLastTenFiscalYears155PropertyTaxAssessedValuationsRatesExtensionsandCollectionsLastTenFiscalYears156157AssessedandEstimatedActualValueofTaxablePropertyLastTenFiscalYears158PropertyTaxRatesDirectandOverlappingGovernmentsLastTenFiscalYears159160RatioofNetGeneralObligationBondedDebttoAssessedValueandNetGeneralObligationBondedDebtPerCapitaLastTenFiscalYears161ScheduleofLegalDebtMargin162RatioofAnnualDebtServiceExpendituresforGeneralObligationDebttoTotalGeneralGovernmentalExpendituresLastTenFiscalYears163ScheduleofRevenueBondCoverageWaterworksFundLastTenFiscalYears164DemographicStatisticsLastTenFiscalYears165ConstructionValueandBuildingPermitsLastTenFiscalYears166MiscellaneousStatistics167168TenWealthiestIllinoisCommunities1990Census169MajorCorporateFundRevenueSources170ADDITIONALDISCLOSURESREQUIREDBYSECRULE15c212StatementofIndebtednessasofDecember312001171RetirementScheduleofOutstandingVillageGeneralObligationDebt171DebtRatiosandPerCapitaDebtLastTenBondSales172DetailedOverlappingBondedIndebtednessPayablefromPropertyTaxesatDecember312001172EqualizedAssessedValuationforTaxingPurposes173TaxRatesPer100EqualizedAssessedValuation173TaxExtensionsandCollectionsVillagePurposesOnly1741995and2000TaxBaseDistributionbyPropertyClassification174TenLargestTaxpayers174
VILLAGEOFGLENVIEWILLINOISTABLEOFCONTENTSContinuediPagesSTATISTICALSECTIONContinuedADDITIONALDISCLOSURESREQUIREDBYSECRULE15c212ContinuedGeneralFundSummaryStatementofRevenuesExpendituresandChangesinFundBalance19972001and2002Budget175BalanceSheets19972001175176CombinedStatementAllFundsFtmdBalances19972000andSummary2001RevenuesExcessRevenuesandFundBalances176177FixedAssetsatDecember312001177iIIIIIIIiIiII
IIIVILLAGEOFGLENVIEWILLiNOISPRINCIPALOFFICIALSDecember312001IIIIIIIIIIIIIIIRachelCookMaBethDenefeJeffreyLernerLEGISLATIVEVillageBoardofTrusteesLawrenceRCarlsonVillagePresidentPaulTMcCarthyVillageClerkTreasurerEXECUTIVEPaulTMcCarthyVillageManagerFINANCEDEPARTMENTDanielPWiersmaDirectorofFinanceHarryISakaiAssistantDirectorofFinanceiJohnDCrawfordMichaelJGuinaneDonnaPappo
iiZIIIitIIIIiIIIIIIIIlI
IIIIiCertificateofAchievementforExcellenceinFinancialReportingiPresentedoVillageofGlenviewIllinoisIForitsComprehensiveAnnualFinancialReportIfortheFiscalYearEndedDecember312000ACerificatofAchievementforExcellenceinFinancialIReponinispresentedbFtheGovernmentFinanceOfficersAssociationoftheUnitedStatesandCanadatogovernmentunitsandpublicemployeeretirementIsystemswhosecoaprehensiveannualfinancialreportsCAFRsachievethehigheststandardsingovernmenaccountingIandfinancialreportingIiii
TheVillageofGlenvlewJune212002IIHonorablePresidentandMembersoftheBoardofTrusteesCitizensoftheVillageofGlenviewIIIThecomprehensiveannualfinancialreportoftheVillageofGlenviewtheVillagefortheyearendedDecember312001issubmittedherewithThisreportrepresentsacomprehensivepictureoftheVillagesfinancialactivitiesduring2001andthefinancialconditionofitsvariousfundsatDecember312001AlthoughformallyaddressedtotheelectedofficialsandcitizensofGlenviewthisfinancialreporthasnumerousotherusersForemostamongtheotherusersarethebondholdersoftheVillagefinancialinstitutionseducationalinstitutionsandothergovernmentalentitiesIIIIiIResponsibilityforboththeaccuracyofthedatapresentedaswellasthecompletenessandfairnessofthepresentationincludingalldisclosuresrestswiththeVillageWebelievethedataaspresentedisaccurateinallmaterialrespectsthatitispresentedinamannerdesignedtofairlysetforththefinancialpositionoftheVillageandtheresultsofitsoperationsasmeasuredbythefinancialactivityofitsvariousfundsandthatalldisclosuresnecessarytoenablethereadertogainthemaximumunderstandingoftheVillagesfinancialaffairshavebeenincludedThecomprehensiveannualfinancialreportispresentedinthreesectionsintroductoryfinancialandstatisticalTheintroductorysectionincludesthistransmittallettertheVillagesorganizationalchartandalistofprincipalofficialsThefinancialsectionincludesthegeneralpurposefinancialstatementsandthecombiningindividualfundandaccountgroupfmancialstatementsandschedulesaswellastheindependentauditorsreportonthefinancialstatementsandschedulesThestatisticalsectionincludesselectedfinancialanddemographicinformationgenerallypresentedonamultiyearbasisaswellasallcontinuingdisclosuresrequiredbySecuritiesExchangeCommissionRule15c212ivI1225WaukeganRoadGlenviewIllinois6002584772417008477244232TDD
IIIIIIIIIIIIIIIIIITheReportingEntityanditsServicesTheVillageofGlenviewwasincorporatedin1899andoperatesunderthecouncilmanagerformofgovernmentItisahomerulemunicipalityasdefinedbytheIllinoisConstitutionLocatedapproximately20milesnorthoftheCityofChicagoinCookCountytheVillageoccupiesalandareaof1327squaremilesandhasacertified2000Censusof41847Thisfigurerepresentsanincreaseof3410or887fromthe1990CensusTheVillageprovidesafullrangeofgeneralgovernmentalservicesSpecificallytheVillageprovidespoliceandfireprotectionhealthserviceswaterandsewerutilitiesconstructionandmaintenanceofstreetscodeenforcementplanningandzoningandgeneraladministrativeservicesThefinancialreportingentityoftheVillageofGlenviewiscomprisedofallfundsandaccountgroupsoftheprungrygovernmentietheVillageofGlenviewaslegallydefinedanditspensiontrustfundstheGlenviewPolicePensionFundandtheGlenviewFirefightersPensionFundThesefundsweredeterminedtobepensiontrustfundsduetotheirfiduciaryandfiscalrelationshipswiththeVillageastheirsolepurposeistoprovideretirementbenefitstotheVillagesswornpoliceofficersandfirefightersTheGlenviewPublicLibraryisincludedasadiscretepresentationsinceaseparatelyelectedboardoftrusteesgovernsitNootherlegallyseparateentityqualifiesasacomponentunitoftheVillageEconomicConditionandOutlookThereareseveralmeasuresofeconomichealthforlocalgovernmentsPerhapsfourofthemoreobjectivemeasuresorindicatorsarelocalemploymentlevelsretailsalesactivityfamilyincomelevelsandconstructionactivityEmploymentlevelsintheVillagehavealwayssurpassedthatofCookCountyandtheStateofIllinoisasawholeAsofDecember312001theVillagesunemploymentratewas37comparedto59forCookCounty54fortheStateofIllinoisand48fortheUnitedStatesRetailsaleswithintheVillagetotaled718millionfor2001Thisrepresentsanincreaseof66millionor101from2000TheVillageexpectsretailssalestocontinuetogrowassignificantadditionalretailspacecurrentlyunderconstructioncomesonlineMedianfamilyincomefiguresfromthe2000CensusshowthattheaverageincomeofGlenviewresidentsfarexceedscountyandstateaveragesAccordingtotheCensusBureauGlenviews2000medianfamilyincomewas96552comparedto53784forCookCounty55545fortheStateofIllinoisand50046fortheUnitedStatesThisrankedGlenviewasthefifthwealthiestcommunityintheStateofIllinoisamongstcommunitieswithpopulationsover25000TheVillagealsorankedfifthintermsofmedianhouseholdincome
FormanyyearstherewasnosubstantialnewcommercialorresidentialconstructionactivityaslittlevacantlandwasavailablefordevelopmentHoweverconstructionactivityhasincreaseddramaticallyasthe1100acreformerGlenviewNavalAirStationTheGlendevelopsWithinthewholeVillageduring2001therewere15newcommercialdevelopmentsconstructedwithatotalvalueof36millionand310newresidentialhousingpermitsissuedMajorInitiativesFortheYear2001wasanotheryearofsignificantadvancesintheVillageseffortstoredevelopTheGlenTheNavyandtheVillagecametoagreementontheEconomicDevelopmentConveyanceoftheNavybasein1998andinlightofthelanduseplanandthemassiveinfrastructureimprovementsneededtoachievethatplantheVillagewillhaveacquiredtheI100acrebasepropertyforapproximately21millionAsofDecember312001morethan1000acreshadbeendeededtotheVillageTheremainderofthepropertywillbetransferredtotheVillageoncetheNavycompletesallrequiredenvironmentalcleanupwhichisanticipatedtooccurbytheendof2002Constructionbeganin1998ontheinitialinfrastructureimprovementsandisexpectedtocontinueinto2004Inadditionin1998theVillageestablishedaTaxIncrementFinancingDistrictTIForDistrictwhichencompassesTheGlenTheTIFwascreatedasariskmanagementtooltofacilitatetheredevelopmentoftheDistrictItistheVillagesintenttoclosetheDistrictwhenthecostsassociatedwiththeredevelopmenthasbeenfullyaddressedAsaresultoftheextensiveworktodevelopadatabaseof1200marketingcontactsRFPswerereceivedfrom57developergroupsin1998ontheparcelsofferedfordevelopmentFollowinganalysisofthebidsreceiveditwasdeterminedthatallparcelsreceivedmultiplebidsfromqualifieddevelopersNegotiationswereconcludedwithdevelopersresultinginthereceiptsof85millioninlandsalesin199942millionduring2000and33millionin2001During1999theVillageestablishedtheVillagePermanentFundTheVillagetransfers20oftheLandSalesproceedsintothisfundforVillagewideimprovementsaswellasprovidingliquiditytotheTIFprojectintheneartermFortheFuture2002isexpectedtobeanotheractiveyearrelativetotheredevelopmentofTheGlenwithapproximately53millionofinfrastructureconstructionscheduledTheRedevelopmentstaffhasbeennegotiatingwithdevelopersontheremainingparcelsanditisanticipatedthatthebalanceoftheparcelswillbesoldin2002ThefocusduringtheyearwillbeontheactivitiessurroundingthedevelopmentoftheMixedUseRetailCenterMURCandworkingwithdeveloperstosecuretheoptimalbusinessmixviIIIIIIIIIIIIIIiiIIII
IIIIIIIIIIIIIIIIIIDuring2001theVillagebegantheprocesstoupdateitsComprehensivePlanItisanticipatedthatthisprocesswilltake15to18monthsandwillprovidetheVillagewithacontextforfuturedevelopmentthroughouttheVillageOthernotableprojectsfor2002includethepurchaseandinstallationofanewphonesystemforalloperatingdepartmentsaspaceutilizationstudytodeterminethemostefficientmeanstoaddresstheneedsofthePoliceDepartmenttheestablishmentoraFireCommunicationsCentertohandlefireEMScallsandwireless911callsthedesignandconstructionoftwoadd2ionalfirestationstoensureappropriateresponsetimesthroughouttheVillageandtheimplementationofnewsoftwaretoassisttheDevelopmentDepartmentinitspermittingandcodeenforcementfunctionsFinancialInformationManagementoftheVillageisresponsibleforestablishingandmaintaininginternalcontrolsdesignedtoensurethattheassetsoftheVillageareprotectedfromlosstheftormisuseandtoensurethatadequateaccountingdataiscompiledtoallowforthetimelypreparationoffinancialstatementsinconformitywithgenerallyacceptedaccountingprinciplesInternalcontrolsaredesignedtoprovidereasonablebutnotabsoluteassurancethattheseobjectivesaremetTheconceptofreasonableassurancerecognizesthat1thecostofacontrolshouldnotexceedthebenefitslikelytobederivedand2thevaluationofthecostsandbenefitsrequiresestimatesandjudgementsbymanagementBudgetaryControlTheobjectiveofbudgetarycontrolsistoensurecompliancewithlegalprovisionsembodiedintheannualbudgetadoptedbytheVillagesgoverningbodyThebudgetcoversactivitiesofthegeneralspecialrevenuedebtserviceenterpriseinternalserviceandcertaincapitalandfiduciaryfundsThelevelofbudgetarycontrolthatisthelevelatwhichexpenditurescannotexceedthebudgetedamountisestablishedatthefundlevelGeneralGovernmentFunctionsThefollowingtablepresentsasummaryofrevenuesavailableforgeneralgovernmentalfunctionstheGeneralSpecialRevenueDebtServiceFundsandcomponentunitLibraryFundsfortheyearendedDecember312001withcomparisonstothepreviousyearv
IncreasePercent2001PercentDecreaseIncreaseRevenuesAmountofTotalFrom2000DecreasePropertyTaxes117712692937303561265OtherTaxes49538761236310974670TotalTaxes167259784173614535381LicensesandPermits281000070110726016174Intergovernmental145705213635175726122ChargesforServices2829958706267009FinesandForfeits2790860705863206InterestEarnings115312028819872175Miscellaneous1713739428108011317047TotalRevenues40081569100002959654797IIIIIITotalgeneralgovernmentalrevenuesfortheyearamountedto40081569Thisrepresentsanincreaseof2959654or797over2000Propertytaxrevenuesforgeneralgovernmentalpurposesarereflectanincreaseof303561or265OtherTaxestotaled4953876representinganincreaseof310974or670ThemostsignificantcomponentsofOtherTaxesaretheUtilityTaxwhichamountedto4147388anincreaseof1171andtheHotelTaxwhichgenerated748188adecreaseof1420Revenuefromthesaleoflicensesandpermitstotaled2810000anincreaseof1072601or6174comparedto2000OfthetotalBuildingpermitrevenuetotaled2408528anincreaseof987557from2000WhileamajorityofthepermitrevenueisassociatedwithdevelopmentatTheGlenasignificantportionisattributabletobuildingactivitythroughouttheVillageandanindicatoroftheareasstrongeconomyIntergovernmentalrevenuesincreased175726to14570521anincreaseof122over2000ThelargestsinglecomponentofincreaseinthisrevenuecategoryisSalesTaxwhichtotaled7184006anincreaseof661084or1013over2000TheothermaincomponentsofIntergovernmentalrevenueweredownslightlyIncomeTaxtotaled2963486adecreaseof26946or090paymentsfromtheGlenbrookFireProtectionDistrictforfireprotectionandEMSservicetotaled1968062down14andtheVillagesMotorFuelTaxallocationstotaled1131533adecreaseof10008viiiIIIiIIIIIIII
IIIIIIIIIIIIIIIIIIChargesforServicestotaled2829958anincreaseof2670comparedto2000ThelargestcomponentofthisrevenuecategoryisEngineeringfeeswhichdecreasedfrom781081in2000to510406in2001TheprimarycauseforthisreductionisthatasignificantportionoftheEngineeringworkregardingTheGlenhasbeencompletedInterestearningsinthosefundsprovidinggeneralgovernmentalfunctionstotaled1153120anincreaseof19872or175Followingisabreakdownofinvestmentearningsbyfundtype20012000InterestInterestIncreaseFundTypeEarningsEarningsDecreaseGeneral769833665382104451SpecialRevenue100629910039626DebtService17919127590496713LibraryComponentUnit1034671009592508TOTAL1153120113324819872TheincreaseininterestearningsfortheGeneralFundandSpecialRevenueFundcanbeattributedtoclosermonitoringofshorttermcashwiththeimplementationofnewinvestmentmonitoringsoftwarewhilethedecreaseforthedebtservicefundscanbeattributedtothefactthatcapitalizedinterestwhichgeneratedinterestearningsinprioryearshasbeenexpendedleavingfewerdollarsavailableforinvestmentMiscellaneousrevenuestotaled1713739for2001anincreaseof1080113from2000Includedinthe2001amountis956654attributabletolandsalesunrelatedtoTheGlenFollowingisatableshowingexpendituresbyserviceareawithcomparisonstothepreviousyearforthegeneralspecialrevenuedebtserviceandcomponentunitLibraryfunds2001PercentDecreaseIncreaseExpendituresAmountofTotalfrom2000DecreaseGeneralGovernment10273327244225160531967PublicSafety15879536377417448351234HighwaysandStreets58955201401512567952Miscellaneous80618219226825322CultureandRecreation3738683889250517718DebtService54783661302408485806TotalExpenditures4207161410000373526090ixI
Totalexpendituresforgeneralgovernmentalfunctionsin2001were42071614anincreaseof373526or090over2000Generalgovernmentalexpenditurestotaled10273327adecreaseof2516053or1967Theprimarycausesforthissignificantdecreasewasthepurchaseofaparcelofpropertyatacostof2375000in2000ExpendituresinthePublicSafetycategorytotaled15879536anincreaseof1744835or1234andisprimarilyduetotheadditionofpersonneltheprogressionofemployeesonthestepplanandthereclassificationofpoliceandfirefighterspensioncostof624916fromthemiscellaneouscategoryExpendituresinthehighwaysandstreetscategorytotaled5895520in2001anincreaseof512567or952comparedto2000Debtserviceexpendituresamountedto5478366comparedto5069881in2000anincreaseof408485or806Theincreaseisprimarilyattributabletotheinitialdebtservicepaymentsassociatedwiththe2000GOBondissueGeneralFundBalanceTheGeneralFundended2001withanexcessofrevenuesandotherfinancingsourcesoverexpendituresandotherfinancingusesof1378479RevenuesexceededtheBudgetby919478or310duetothesaleofpropertywhichgenerated956654andexpenditureswere606558or219lessthanbudgetedTheresultbroughttheundesignatedfundbalanceto12593865atDecember312001theequivalentof414ofactual2001expendituresandtransfersEnterpriseOperationsTheVillagehasfiveenterpriseoperationsaccountedforinitsfinancialstatementstheWaterworksFundtheWholesaleWaterFundtheSewerageFundtheNorthMaineWaterandSewerFundandtheCommuterParkingLotFundTheWaterworksFundrecordednetincomeof972000fortheyearendedDecember312001Thefinancialconditionofthefundremainsstrongwithcashandinvestmentstotaling2984940TheWholesaleWaterFundrecordedanetlossof169249fortheyearresultinginretainedearningsof564303IIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIITheNorthMaineWaterandSewerFundrecordednetincomeof147495for2001TheFundendedtheyearwithcashandinvestmentsof960336TheSewerageFundrecordedanetlossof166126for2001andendedtheyearwithcashandinvestmentsof330048FinallytheCommuterParkingLotFundrecordednetincomeof35178for2001andendedtheyearwithcashandinvestmentsof790509Ofthecashandinvestmenttotal515299isagrantfromMETRAtobeusedfortheconstructionofthenewtrainstationatTheGlenThenetlossesintheWholesaleWaterFundandtheSewerageFundweretheresultofplanneddrawdownsinretainedearningsandincreasedfundingtotheCapitalProjectsFundEmployeePensionsThePolicePensionFundcoverspoliceswornpersonnelandtheFirefightersPensionFundcoversswornfirefightersBothoftheseplansaredefinedbenefitsingleemployerplansadministeredbylocalboardsoftrusteesStatestatutesgovernthebenefitsandemployerandemployeecontributionlevelsDuring2001theVillageretainedtheservicesofindependentactuarytoperformanactuarialvaluationonthepoliceandfirefighterpensionplansasofDecember312000FollowingissummaryinformationforthetwofundsPoliceFirefightersPensionFundPensionFundActuarialAccruedLiability1231003013088138856179ValueofPlanAssets1231002915717340166889PercentFunded123100967710337ValueofNetAssets1231012938037741979483ChangeinNetAssetsFYE123101233202I812594In1993theStateofIllinoisincreasedthebenefitsprovidedtopoliceandfirefighterpensionfundbeneficiariesThechangesincreasedthepensionbenefitobligationofbothfundsbutespeciallythatofthepolicepensionfundwhereaprovisionwasmadetocompoundannualincreasesinpensionbenefitsMunicipalitieshaveuntiltheyear2033tofullyfundtheirpoliceandfirefighterpensionplansThepurposeofmarkingtomarketistoshowthevalueofafundatagivenpointintimePracticallyhoweverasthesefundsdonothavecashflowproblemswhichwouldrequireliquidatingpositionstheseIossesareonlyforreportingpurposesx
AllotheremployeesoftheVillagewhoworkatleast1000hoursperyeararecoveredbytheIllinoisMunicipalRetirementFundIMRFastatewidepensionplanIMRFactsastheadministrativeagentforlocalgovernmentsinIllinoisBenefitprovisionsandfundingrequirementsareestablishedbystatestatuteAtDecember312001theVillagewas11016fundedinIMRFDebtAdministrationInAugust2001theVillageissued41800000ofgeneralobligationdebtforinfrastructureimprovementsinconnectionwiththeredevelopmentoftheformerGlenviewNavalAirStationAtthattimeMoodysInvestorsServiceaffirmedtheVillagesAaageneralobligationbondratinginitiallyassignedin1993AtDecember312001theVillagehad101800000ofgeneralobligationbondsoutstandingOfthisamount94300000isreflectedinthegenerallongtermdebtaccountgroupand7500000isrecordeddirectlyinthreeenterprisefundsTherewasalso2529058ofgeneralobligationnotesoutstandingatDecember312001AtDecember312001therewas2811524availableinthevariousdebtservicefundsforthepaymentofprincipalandinterestresultinginanetbondeddebtof91488476TheratioofnetbondeddebttoassessedvalueandtheamountofnetbondeddebtpercapitaareusefulindicatorsofamunicipalitysdebtpositionThisdataasofDecember312001isasfollowsNetGeneralObligationDebt91488476RatioofNetDebttoAssessedValue723RatioofNetDebttoActualValue241NetDebtPerCapita218626Ofthe218626netdebtpercapita24358ispayablefrompropertytaxeswhilethebalance194268isselfsupportingdebtwhichresultsintheabatementofpropertytaxesfromEnterpriseFundsandtheGlenRedevelopmentFundsAdditionalinformationabouttheVillagesoutstandingdebtcanbefoundinthenotestothefinancialstatementsandthestatisticalsectionofthisreportPropertyTaxInformationThecountyassessorsofficesareresponsiblefordeterminingtheassessedvalueofrealpropertyutilizingmarketvaluesandestablishedassessmentratiosinIllinoisTheStateofIllinoisthenassignsanequalizationfactortoeachcountyinanattempttogetallpropertiesinthestateassessedatapproximately33ofmarketvaluePropertytaxesarebasedupontheequalizedassessedvalueEAVofalltaxablepropertiesAgovernmentstaxrateisdeterminedbydividingitstaxlevyintoitstotalEAVadjustingforanyratelimitationswhichmightbeapplicablexiiiIIIIIIIIIIIiIIIII
IIIIIIIIIIIIIIIIIIAtthetimethisreportwaspreparedinformationregardingthetaxratesandassessedvaluesforthe2001taxlevyyearwerenotyetavailableTheVillages2000totalequalizedassessedvaluationwas1227656200a13decreasefromthe1999levyyearTheVillagesandtheLibrarycomponentunitscombinedtaxrateincreasedfrom0903for1999to0940for2000ThereasonforthedecreaseinequalizedassessedvaluationandtheassociatedincreaseintaxratewhileboththeVillageandLibraryleviedessentiallythesameamountsinbothyearsistheeffectoftheStatesEqualizationfactorforCookCountyOnethirdofCookCountyisreassessedeachyearandintheyearinwhichtheCityofChicagoisreassessedtheeffecthasbeenareductionintheStateEqualizerastheoreticallytheassessedvaluationinclosertomarketThishaspreviouslyoccurredin1994and1997andwasfollowedwithyearswhichsawtheVillagesassessedvaluationincrease1121and1075respectivelyFollowingisasummaryoftheVillagestaxratesforthepastthreeyearsFund200019991998GeneralFund426430409SpecialRevenueFunds042042049DebtServiceFunds152146156PensionTrustFunds051034046SubtotalVillage671652660Library269251269TotalCombinedTaxRate940903929AdditionalinformationregardingtheVillagestaxratesassessedvaluesandtaxcollectionscanbefoundinthestatisticalsectionofthisreportCashManagementTheVillagespolicyregardingcashmanagementisbasedupontherealizationthatthereisatimevaluetomoneyAhighpriorityisplacedonprocedurestoensurethatmoniesduetheVillagearecollectedanddepositedaspromptlyaspossibleDisbursementsarecloselycontrolledOfequalimportanceistheemphasisonthemanagementoftheVillagesinvestmentportfolioAllidlecashisinvestedinaccordancewithanestablishedinvestmentpolicyTheinvestmentpolicyestablishessafetyofprincipalastheforemostobjectiveThepolicyprovidesforfullcollateralizationofalldepositsinexcessofFDIClimitsTheVillageisnotpermittedtoleveragexiiiI
itsportfolioorinvestinriskyderivativesExceptforthedepositsheldinescrowbyChicagoTitleandTrustonbehalfoftheVillagealloftheVillagesDepositsandInvestmentsareCategory1meaningthatallDepositsarecoveredbyfederaldepositoryinsuranceorbycollateralheldbytheVillageoritsagentintheVillagesnameandallInvestmentsareinsuredorregisteredorareheldbytheVillageoritsagentintheVillagesnameFollowingisasummaryoftotalinvestmentearningsandweightedaverageyieldsforeachofthevariousfundtypesInvestmentIncomeYearEndedFundType123101AverageYieldGeneralFund769833482SpecialRevenueFunds100629442DebtServiceFunds179191461CapitalProjectFunds7138581456EnterpriseFunds224387486InternalServiceFunds167858482ExpendableTrustFunds180105453Totals8760584465RiskManagementTheVillagemaintainsaprotectedriskretentionprogramforpropertycasualtyandworkerscompensationclaimsHealthinsuranceforemployeesandretireesisprovidedthroughapublicentityriskpoolAggregateumbrellaliabilitycoverageisprovidedthroughtheVillagesmembershipintheHighlevelExcessLiabilityPoolanotherpublicentityriskpoolTheVillagesinsuranceactivityisaccountedforinaninternalservicefundFortheyearendedDecember312001theInsuranceFundreportedanetlossof180847RetainedearningsatDecember312001amountedto3522484OtherInformationIndependentAuditStatestatutesrequireanannualauditbyindependentcertifiedpublicaccountantsTheaccountingfirmofSikichGardnerCoLLPperformedtheauditontheVillages2001financialstatementsTheindependentauditorsreportisincludedinthefinancialsectionofthisreportTheauditorsxivIIIIIIIIIIIIIIIIIII
IIiIIIIIIIIIIIIiIIhavegiventhisreportanunqualifiedopinionmeaningthatthefinancialstatementsfairlypresenttheVillagesfinancialpositionatDecember312001andtheresultsofoperationsfortheyearthenendedAwardsTheGovernmentFinanceOfficersAssociationoftheUnitedStatesandCanadaGFOAawardedaCertificateofAchievementforExcellenceinFinancialReportingtotheVillageofGlenviewforitscomprehensiveannualfinancialreportCAFRforthefiscalyearendedDecember312000TheCertificateofAchievementisaprestigiousnationalawardrecognizingconformancewiththehigheststandardsforpreparationofstateandlocalgovernmentfinancialreportsInordertobeawardedaCertificateofAchievementagovernmentmustpublishaneasilyreadableandefficientlyorganizedcomprehensiveannualfinancialreportwhosecontentsconformtoprogramstandardsTheCAFRmustsatisfybothgenerallyacceptedaccountingprinciplesandapplicablelegalrequirementsACertificateofAchievementisvalidforaperiodofoneyearonlyTheVillageofGlenviewhasreceivedaCertificateofAchievementforthelastnineteenconsecutiveyearsfiscalyearsended19822000WebelieveourcurrentreportcontinuestoconformtotheCertificateofAchievementprogramrequirementsandwillbesubmittingittoGFOAAcknowledgmentsThepreparationofthecomprehensiveannualfinancialreportonatimelybasiswasmadepossiblebythededicatedserviceoftheentirestaffoftheFinanceDepartmentEachmemberoftheDepartmenthasmysincereappreciationforthecontributionsmadeinthepreparationofthisreportInparticularIwouldliketoacknowledgetheexcellentworkofHarrySakaiAssistantFinanceDirectorforhiseffortsincompilingthemountainofdatanecessarytocompletethisreportFinallyappreciationisexpressedtotheVillagePresidentandBoardofTrusteesandtheVillageManagerfortheirleadershipandsupportinplanningandconductingthefiscalaffairsoftheVillageinaresponsiblemannerDanielPWiersmaDirectorofFinance
iNDEPENDENTAUDITORSREPORT
SikichGardnerCoLLPAccountantsConsultants998CorporateBoulevardAuroraIL60504AMemberofSikichGroupLLCMEMBERSOFSMERICANINSTITUTEOFCERTIFIEDPUBLICACCOUNTANTSILLINOISCPASOCIETYINDEPENDENTAUDITORSREPORTTheHonorableVillagePresidentMembersoftheBoardofTrusteesVillageofGlenviewGlenviewIllinoisWehaveauditedthegeneralpurposefinancialstatementsandthecombiningindividualfundandaccountgroupfinancialstatementsoftheVillageofGlenviewIllinoisasofandfortheyearendedDecember31200iaslistedintheaccompanyingtableofcontentsThesefinancialstatementsaretheresponsibilityoftheVillageofGlenviewIllinoismanagementOurresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonourauditWeconductedourauditinaccordancewithauditingstandardsgenerallyacceptedintheUnitedStatesofAmericaandthestandardsapplicabletofinancialauditscontainedinGovernmentAuditingStandardsissuedbytheComptrollerGeneraloftheUnitedStatesThosestandardsrequirethatweplanandperformtheaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreeofmaterialmisstatementAnauditincludesexaminingonatestbasisevidencesupportingtheamountsanddisclosuresinthefinancialstatementsAnauditalsoincludesassessingtheaccountingprinciplesusedandsignificantestimatesmadebymanagementaswellasevaluatingtheoverallfinancialstatementpresentationWebelievethatourauditprovidesareasonablebasisforouropinionInouropinionthegeneralpurposefinancialstatementsreferredtoabovepresentfairlyinallmaterialrespectsthefinancialpositionoftheVillageofGlenviewIllinoisasofDecember312001andtheresultsofitsoperationsandthecashflowsofitsproprietaryfundtypesfortheyearthenendedinconformitywithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericaAlsoinouropinionthecombiningindividualfundandaccountgroupfinancialstatementsreferredtoabovepresentfairlyinallmaterialrespectsthefinancialpositionofeachoftheindividualfundsandaccountgroupsoftheVillageofGlenviewIllinoisasofDecember312001andtheresultsofoperationsofsuchfundsandthecashflowsofindividualproprietaryfundsfortheyearthenendedinconformitywithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica1
OurauditwasmadeforthepurposeofforminganopiniononthegeneralpurposefinancialstatementstakenasawholeandonthecombiningindividualfundandaccountgroupfinancialstatementsTheaccompanyingschedulesandthesupplementaldatalistedintheaccompanyingtableofcontentsispresentedforpurposesofadditionalanalysisandisnotarequiredpartofthefinancialstatementsoftheVillageofGlenviewIllinoisSuchinformationhasbeensubjectedtotheauditingproceduresappliedintheauditofthegeneralpurposecombiningindividualfundandaccountgroupfinancialstatementsandinouropinionisfairlypresentedinallmaterialrespectsinrelationtothegeneralpurposefinancialstatementsandeachofthecombiningindividualfundandaccountgroupfinancialstatementstakenasawholeTherequiredsupplementaryinformationlistedinthetableofcontentsisnotarequiredpartofthegeneralpurposefinancialstatementsbutissupplementaryinformationrequiredbytheGovernmentalAccountingStandardsBoardWehaveappliedcertainlimitedprocedureswhichconsistedprincipallyofinquiriesofmanagementregardingthemethodsofmeasurementandpresentationofthesupplementaryinformationHoweverwedidnotaudittheinformationandexpressnoopiniononitTheintroductoryandstatisticalinformationlistedinthetableofcontentswasnotauditedbyusandaccordinglywedonotexpressanopinionthereonAuroraIllinoisMay22002
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VILLAGEOFGLENVIEWILLINOISCOMBINEDBALANCESHEETALLFUNDTYPESACCOUNTGROUPSANDDISCRETELYPRESENTEDCOMPONENTUNITDecember3I2001withcomparativetotalsfor2000IIASSETSANDOTHERDEBITSASSETSCshInvestmentsReceivablesnetwhereapplicableofallowancesforuncollectiblesPropertytaxesOtherrexesAccountsGrantOtherAdvancestootherfundsDuefiomothergovernmentsDuefromotherfundsDuefromcomponentunitInventoryPrepaiditemsexpensesDepositsRestrictedassetsCashDeferredbondissuancecostsFixedasetsnetofaccumulateddepreciationOTHERDEBITSTOTALASSETSANDOTHERDEBITS3GovernmentalFundTypesSpecialDebtCapitalRevenueServiceProjeers1110i514517196391724841911364660520840072749107166585071578588423129084269648543716870901185871458853238597688137073205966140363620895832311826532247005S2318628936110654500114175913665iIiiIiIIIIIIIIII
TotalsFiduciaryAccountGroupsPrimaryProphetaryFundTypesFundTypesGeneralGeneralGovernmentlntemalTrustandFixedLongTermMemorandumEnterpriseServiceAgencyAssetsDebtOnly1090441437570603852458993725752897497619725614402550071323578O0265929070190166515261163480233400890372ComponentUnitTotalsReportingEntityMemorandumOnly2001200062418412833606525201945844526720621312420002684482132090654423333689809076823129089068901323118264472265929039539588791248023143763890372114244571117599723129081804906906890131982953231181267119264472103028265929022410593953959249788791290197971200004802339641143763252908890372934800523732933493820038200382003970729784297842978474459287316855196127199946559835925495766614793585810756028115242811524281152424312449148847691488476914884765265875639818990437671475977769271999469430000044888455210354815459239367362431382Thisstatementiscontinuedonthefollowingpages4
VILLAGEOFGLENVIEWILLLNOISCOMBINEDBALANCESHEETALLFUNDTYPESACCOUNTGROUPSANDDISCRETELYPRESENTEDCOMPONENTUNITDecember312001withcomparativetotalsfor20001IILIABILITIESANDEQUITYANDOTHERCREDITSLIABILITIESAccountspayableClaimspayableAccruedpayrollInterestpayableCompensatedabsencespayableInfrastructuremaintenancefeeOtherpayablesBardkoverdraftDeferredrevenuesDuetootherfundsDuetoprimarygovernmentAdvancefromothergovernmentsAdvancefromotherfundsDeferredpropertytaxesArbitragepayableDuetobondholdersRefixndabledepositsNotespayableGeneralobligationbondspayableUnamortizedbonddiscountTotalliabilitiesEQUITYANDOTHERCREDITSContributedcapitalInvestmentingeneralfixedassetsRetainedearningsunreservedFundbalancesReservedforprepaiditemsReservedforemployeesretirementsystemReservedfordebtserviceReservedforcapitalimprovementsReservedforendowmentsReservedforpattonHouseUnreservedDesignatedforincometaxsurchargereceiptsUndesignatedTotalequityandothercreditsTOTALLIABILITIESANDEQUITYANDOTHERCREDITS5GovernmentalFundTypesSpecialDebtCapitalGeneralRevenueServiceProjects1500779719254797747601677179153169189829525911951962050524332513731411344578588448543716870906457697410190297174265929092475761088498168859017621543140363281152416313781610000133484812593865238220448456941393871325225672811524158292122231862893611t0654500114175913665iIIiIIIIIIiIIIi
ProprietaryFundTypesinternalEnterprseServiceTotalsFiduciaryAccountGroupsPrimaryFundTypesGeneralGeneraIGovernmentTrustandFixedLongTermMemorandumAgencyAssetsDebtOnly753486751236885811570515299225032252905875000006067911617747128804667658372996814476566104032195077178980384410094300000977174037299677179751231600549898295214124TotalsReponingEmiBComponentMemorandumOnlyUn2001200038094980983474798953729962696223458311176210851175123780406437916649289896138982956375892141242812102722288749026727191388791288791229717426592907958411195077I78980384410025290581018000006067929717426592903333689112921001950771789803844100252905810180000060679126660090197971200002971732241059i10406423997817986139179262615192629300006344258981343889549430000014052221635197711440419871059801586366393218348503786901713598606366393636639347673872719994627199946549576632695712309335752562175125621751249744811403631403635472571359860713598606932406428115242811524243124416313781616313781610767323634572210000100001000013348481334848133484822895510359330133927811698608146019422820124337869017158881527199946308341831683504431517687525645122439818990437671475977769271999469430000044888455210354815459239367362431382Seeaccompanyingnotestofinancialstatements
0Ii1IIIIIiiIIiIII
VILLAGEOFGLENVIEWILLINOISCOMBINEDSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSALLPROPRIETARYFUNDTYPESYearEndedDecember312001withcomparativetotalsfor20001OPERATINGREVENUESChargesforservicesMiscellaneousTotaloperatingrevenuesOPERATINGEXPENSESAdministrationOperationsDepreciationandamortizationTotaloperatingexpensesOPERATINGINCOMELOSSNONOPERATINGREVENUESEXPENSESGainonsaleoffixedassetsInvestmentincomeInterestexpenseandfiscalchargesTotalnonoperatingrevenuesexpensesINCOMELOSSBEFOREOPERATINGTRANSFERSOperatingtransfersinOperatingtransfersoutTotaloperatingtransfersNETINCOMELOSSRETAINEDEARNINGSJANUARY1RETAINEDEARNINGSDECEMBER31ProprietaryFundTypesTotalsInternalMemorandumOnlyEnterpriseService2001200014903247415394219057189177361722534495573048107535552981515669647112461986794218291470796348796348820199939101950341351442515413128805106392139971067918103127611251288503813216289420149802803905408326886357852233111901623316233224387167858392245413533548562548562569976307942167858140084156443359746615902834384383154747500005000034000028281681300028411683872634277816813000279116835326348192981720286472703778872101555239589292497448125352368218341850378690125621751249744811iIISeeaccompanyingnotestofinancialstatements11
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VILLAGEOFGLENWIEWILLINOISCOMBINEDSTATEMENTOFCASHFLOWSALLPROPRJETARYFUNDTYPESYearEndedDecember312001withcomparativetotalsfor20001IICASHFLOWSFROMOPERATINGACTIVITIESOperatingincomelossAdjustmentstoreconcileoperatingincomelosstonetcashfromoperatingactivitiesDepreciationandamortizationChangesinassetsandliabilitiesAccountsreceivableDepositsDuefromotherfundsInventoryPrepaidexpensesAccountspayableClaimspayableCompensatedabsencespayableDeferredrevenuesOtherpayableDuetootherfundsNetcashfromoperatingactivitiesCASHFLOWSFROMNONCAPITALFINANCINGACTIVITIESOperatingtransfersinOperatingtransfersoutNetcashfromnoncapitalfinancingactivitiesCASHFLOWSFROMCAPITALANDRELATEDFINANCINGACTIVITIESFixedassetspurchasedProceedsfromthesaleoffixedassetsIncreaseinadvancestootherfundsIncreaseinadvancefromotherfundsPrincipalpaidongeneralobligationbondsPrincipalpaidonnotepayableInterestpaidongeneralobligationbondsNetcashfromcapitalandrelatedfinancingactivitiesInternalEnterpriseServiceTotalsMemorandumOnly2001200039054083268863578522331119010639213997106791810784252844012510723332912068544428444289980013950516051521010351718838283821038719818319818331664723819137866661685711238221033741033742506633104731047401529965662186550606156898144787136154923096530965112370552296626791444550518456325550000500003400002828168I30002841168387263427781681300027911683532634991296382734182313400008613454976455958104725412831038273418231603165408156340000330000861348207854976457109323471525595824031102122802Thisstatementiscontinuedonthefollowingpage12II1IIIItiIII
IiIVILLAGEOFGLENVIEWILLiNOISCOMBINEDSTATEMENTOFCASHFLOWSContinuedALLPROPRIETARYFUNDTYPESYearEndedDecember312001withcomparativetotalsfor2000IiI1iiIIIIIII1IICASHFLOWSFROMINVESTINGACTIVITIESPurchaseofinvestmentsMaturitiesofinvestmentsInvestmentincomeNetcashfrominvestingactivitiesNETiNCREASEDECKEASEINCASHANDCASHEQUIVALENTSCASHANDCASHEQUIVALENTSJANUARY1CASHANDCASHEQUIVALENTSDECEMBER31NONCASHTRANSACTIONSDevelopercontributionsInternalEnterpriseServiceTotalsMemorandumOnly20012000119817486785042187667902706424113753397083254184585934141838225431167858393289472479380978466070850921907893276636282032558668815712136707771960220866791270967I09044143757015280112086679159900615990061290144Seeaccompanyingnotestofinancialstatements13
VILLAGEOFGLENVIEWILLINOISCOMBINEDSTATEMENTOFCHANGESINPLANNETASSETSALLPENSIONTRUSTFUNDSFortheYearEndedDecember312001withcomparativetotalsfor2000ADDITIONSContributionsemployerContributionsplanmembersTotalcontributionsInvestmentincomeNetappreciationdepreciationinfairvalueofinvestmentsInterestearnedoninvestmentsTotalinvestmentincomeTotaladditionsDEDUCTIONSPensionsandrefundsMiscellaneousContractualprofessionalservicesTotaldeductionsNETINCREASEDECREASENETASSETSHELDINTRUSTFORPENSIONBENEFITSJanuary1December3120012000645534601199861871785411150740513866102460692475644444626527674832906957752392744143628910537236097319492731759313773237856619630462035796694749169324064623765737135986069324064Seeaccompmyingnotestofinancialstatements14tIIItI1iItIIIIIiI
IiIIVILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSDecember312001IIIJIIIIIIiISUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESThefinancialstatementsoftheVillageofGlenviewIllinoistheVillagehavebeenpreparedincononnitywithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericahereinafterreferredtoasgenerallyacceptedaccountingprinciplesGAAPasappliedtogovernmentunitsTheGovernmentalAccountingStandardsBoardGASBistheacceptedstandardsettingbodyforestablishinggovernmentalaccountingandfinancialreportingprinciplesThemoresignificantoftheVillagesaccountingpoliciesaredescribedbelowaReportingEntityTheVillageisamunicipalcorporationgovernedbyanelectedsevenmemberboardAsrequiredbygenerallyacceptedaccountingprinciplesthesefinancialstatementspresenttheVillagetheprimarygovernmentanditscomponentunitsTheVillagesfinancialstatementsincludepensiontrustfundsPolicePensionEmployeesRetirementSystemTheVillagespoliceswornemployeesparticipateinthePolicePensionEmployeesRetirementSystemPPERSPPERSfunctionsforthebenefitoftheseemployeesandisgovernedbyafivememberpensionboardconsistingoftwomembersappointedbytheVillagesPresidentoneelectedpensionbeneficiaryandtwoelectedpoliceTheVillageandPPERSparticipantsareobligatedtofundallPPERScostsbaseduponactuarialvaluationsTheStateofIllinoisisauthorizedtoestablishbenefitlevelsandtheVillageisauthorizedtoapprovetheactuarialassumptionsusedinthedeterminationofcontributionlevelsAlthoughitpossessesmanyofthecharacteristicsofalegallyseparategovernmentthePPERSisreportedasifitwerepartoftheprimarygovernmentbecauseitssolepurposeistofinanceandadministerthepensionsoftheVillagespoliceemployeesandbecauseofthefiduciarynatureofsuchactivitiesThePPERSisreportedasapensiontrustfund15
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinued1SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedaReportingEntityContinuedFirefightersPensionEmployeesRetirementSystemTheVillagesfirefightersparticipateintheFirefightersPensionEmployeesRetirementSystemFPERSFPERSfunctionsforthebenefitoftheseemployeesandisgovernedbyaninememberpensionboardconsistingoftheVillagesPresidentTreasurerClerkAttorneyandFireChiefoneelectedpensionbeneficiaryandthreeelectedfireemployeesTheVillageandFPERSparticipantsareobligatedtofundallFPERScostsbaseduponactuarialvaluationsTheStateofIllinoisisauthorizedtoestablishbenefitlevelsandtheVillageisauthorizedtoapprovetheactuarialassumptionsusedinthedeterminationofcontributionlevelsAlthoughitpossessesmanyofthecharacteristicsofalegallyseparategovernmenttheFPERSisreportedasifitwerepartoftheprimarygovernmentbecauseitssolepurposeistofinanceandadministerthepensionsoftheVillagesfirefightersandbecauseofthefiduciarynatureofsuchactivitiesTheFPERSisreportedasapensiontrustfundDiscretelyPresentedComponentUnitVillageofGlenviewPublicLibrarytheLibraryTheGlenviewPublicLibraryhasaseparatelyelectedsevenmemberboardwhichannuallydeterminesitsbudgetandresultingtaxlevyUponapprovaloftheVillagethelevyissubmittedtotheCountyAlldebtoftheLibraryissecuredbythefullfaithandcreditoftheVillagewhichiswhollyliableforthedebtBecausetheLibrarypossessesthecharacteristicsoralegallyseparategovemrnentanddoesnotservicetheprimarygovernmenttheLibraryisbeingreportedasadiscretepresentationSeparatefinancialstatementsaredisclosedinthecomponentunitportionofthisreporttheLibrarydoesnotissueseparatefinancialstatementsbFundAccountingTheVillageusesfundsandaccountgroupstoreportonitsfinancialpositionresultsofitsoperationsandcashflowsFundaccountingisdesignedtodemonstratelegalcomplianceandtoaidfinancialmanagementbysegregatingtransactionsrelatedtocertaingovernmentfunctionsoractivitiesAfundisaseparateaccountingentitywithaselfbalancingsetofaccountsAnaccountgroupontheotherhandisafinancialreportingdevicedesignedtoprovideaccountabilityforcertainassetsandliabilitiesthatarenotrecordedinthefundsbecausetheydonotdirectlyaffectnetexpendableavailablefinancialresources161IIIIIIItIiI
VILLAGEOFGLENVIEWILLiNOISNOTESTOFiNANCIALSTATEMENTSContinuedI11IIIiIIIItIiISUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedbFundAccountingContinuedFundsareclassifiedintothefollowingcategoriesgovernmentalproprietaryandfiduciaryEachcategoryinmmisdividedintoseparatefundtypesGovernmentalfundsareusedtoaccountforallormostofagovernmentsgeneralactivitiesincludingthecollectionanddisbursementofearmarkedmoniesspecialrevenuefundstheacquisitionorconstructonofgeneralfixedassetscapitalprojectsfundsandtheservicingofgenerallongtermdebtdebtservicefundsThegeneralfundisusedtoaccountforallactivitiesofthegeneralgovernmentnotaccountedforinsomeotherfundProprietaryfundsareusedtoaccountforactivitiessimilartothosefoundintheprivatesectorwherethedeterrrfinationofnetincomeisnecessaryorusefultosoundfinancialadministrationGoodsorservicesfromsuchactivitiescanbeprovidedeithertooutsidepartiesenterprisefundsortootherdepartmentsoragenciesprimarilywithintheVillageinternalservicefundsFiduciaryfundsareusedtoaccountforassetsheldonbehalfofoutsidepartiesincludingothergovernmentsoronbehalfofotherfundswithintheVillageWhentheseassetsareheldunderthetermsofaformaltrustagreementeitherapensiontrustfundoranexpendabletrustfundisusedThetermexpendablereferstowhetherornottheVillageisunderanobligationtomaintainthetrustprincipalAgencyfundsgenerallyareusedtoaccountforassetsthattheVillageholdsonbehalfofothersastheiragentcBasisofAccountingTheaccountingandfinancialreportingtreatmentappliedtoafundisdeterminedbyitsmeasurementfocusAllgovernmentalfundsandexpendabletrustfundsareaccountedforusingacurrentfinancialresoumesmeasurementfocusWiththismeasurementfocusonlycurrentassetsandcurrentliabilitiesgenerallyareincludedonthebalancesheetOperatingstatementsofthesefundspresentincreasesierevenuesandotherfinancingsourcesanddecreasesieexpendituresandotherfinancingusesinnetcurrentassetsAllproprietaryfundsandpensiontrustfundsareaccountedforonaflowofeconomicresourcesmeasurementfocusWiththismeasurementfocusailassetsandallliabilitiesassociatedwiththeoperationofthesefundsareincludedonthebalancesheetProprietaryfundtypefundequityienettotalassetsissegregatedintocontributedcapitalandretainedearningscomponentsProprietaryfundtypeoperatingstatementspresentincreasesierevenuesanddecreasesieexpensesinnettotalassets17
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinued1SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedcBasisofAccountingContinuedThemodifiedaccrualbasisofaccountingisusedbyallgovenmentalfundtypesexpendabletrustfundsandagencyfundsUnderthemodifiedaccrualbasisofaccountingrevenuesarerecognizedwhensusceptibletoaccrualiewhentheybecomebothmeasurableandavailableMeasurablemeanstheamountofthetransactioncanbedeterminedandavailablemeanscollectiblewithinthecurrentperiodTheVillagerecognizespropertytaxeswhentheybecomebothmeasurableandavailableinaccordancewithGASBCodificationSectionP70intheperiodintendedtofinanceExpendituresarerecordedwhentherelatedfundliabilityisincurredPrincipalandinterestongenerallongtermdebtarerecordedasfundliabilitieswhendueorwhenamountshavebeenaccunmlatedinthedebtservicefundforpaymentstobemadeearlyinthefollowingyearThoserevenuessusceptibletoaccrualarepropertytaxesfranchisetaxeslicensesinterestrevenueandchargesforservicesSalestaxesowedtoandfinescollectedandheldbythestatecountycourtatyearendonbehalfoftheVillagealsoarerecognizedasrevenuePermitrevenuesarenotsusceptibletoaccrualbecausegenerallytheyarenotmeasurableuntilreceivedincashTheaccrualbasisofaccountingisutilizedbyproprietaryfundtypespensiontrustfundsandnonexpendabletrustfundsUnderthismethodrevenuesandadditionsarerecordedwhenearnedandexpensesanddeductionsarerecordedatthetimeliabilitiesareincurredTheVillagereportsdeferredrevenueonitscombinedbalancesheetDeferredrevenuesarisewhenapotentialrevenuedoesnotmeetboththemeasurableandavailablecriteriaforrecognitioninthecurrentperiodDeferredrevenuesalsoarisewhenresourcesarereceivedbytheVillagebeforeithasalegalclaimtothemaswhengrantmoniesarereceivedpriortotheincurrenceofqualifyingexpendituresInsubsequentperiodswhenbothrevenuerecognitioncriteriaaremetorwhentheVillagehasalegalclaimtotheresourcestheliabilityfordeferredrevenueisremovedfromthecombinedbalancesheetandrevenueisrecognizeddBudgetsBudgetsareadoptedonabasisconsistentwithgenerallyacceptedaccountingprinciplesAnnualappropriatedbudgetsareadoptedatthefundlevelfortheGeneralSpecialRevenueDebtServiceexcepttheCorporatePurposeBondFundSeriesof2001andCapitalProjectsFundsexceptthe2000and2001ProjectFundsonthemodifiedaccrualbasisandfortheEnterpriseInternalServiceandPensionTrustFundsontheaccrualbasisTheannualappropriatedbudgetislegallyenactedandprovidesforalegallevelofcontrolatthefundlevelAllannualappropriationslapseatfiscalyearend18III1IIr1I
VILLAGEOFGLENVIEWILLiNOISNOTESTOFiNANCIALSTATEMENTSContinuedII1iIiIIitII1SUMMARYOFSIGNIFICANTACCOUNTiNGPOLICIESContinueddBudgetsContinuedDuringthecurrentyearbudgetswerenotadoptedforthefollowingfundsDebtServiceFundsCorporatePurposeBondFundSeriesof2001CapitalProjectsFunds2000ProjectFund2001ProjectFundThesourceofrevenueandnatureofexpendituresforthesefimdsarenotsubjecttopredictionandthereforebudgetswerenotadoptedBudgetandactualcomparisonsfortheCapitalProjectsFundsexcludetheaforementionedfundsThefollowingisareconciliationoftheCapitalProjectsandSpecialRevenueFundspresentedonabudgetarybasistotheGAAPbasispresentationCapitalDebtProjectsServiceFundsFundsFUNDBALANCESBUDGETEDFUNDSDECEMBER312001NONGAAPBASIS1170129651085359NonbudgetedfundbalancesCorporatePurposeBondFundSeriesof20012000Project200IProject17261655186450360927071582921222811524FUNDBALANCESDECEMBER3I2001GAAPBASISeCashandInvestmentsForpurposesofthestatementofcashflowstheVillagesproprietaryfundtypesconsiderallhighlyliquidinvestmentswithanoriginalmaturityofthreemonthsorlesswhenpurchasedtobecashequivalentsfInvestmentsInaccordancewithGovernmentAccountingStandardBoardStatementNo31allinvestmentsarestatedatfairvalue19
VILLAGEOFGLENVIEWILLINOISNOTESTOFiNANCIALSTATEMENTSContinuedIi1SUMMARYOFSIGNIFICANTACCOUNTiNGPOLICIESContinuedgInterfundReceivablesPayablesDuringthecourseofoperationsnumeroustransactionsoccurbetweenindividualfundsforgoodsprovidedorservicesrenderedThesereceivablesandpayablesareclassifiedasduefromotherfundsorduetootherfundsonthebalancesheetShortterminterfundloansifanyareclassifiedasinterfundreceivablespayablesLongtermloansbetweenfundsarereportedasadvancestofromotherfundhInventoriesInventoriesarevaluedatcostwhichapproximatesmarketusingthefirstinfirstoutFIFOmethodThecostsofgovernmentalfundtypeinventoriesarerecordedasexpenditureswhenconsumedratherthanwhenpurchasediPrepaidItemsExpensesPaymentsmadetovendorsforservicesthatwillbenefitperiodsbeyondthedateofthisreportarerecordedasprepaiditemsexpensesjFixedAssetsGeneralfixedassetsarenotcapitalizedinthefundsusedtoacquireorconstructthemInsteadcapitalacquisitionandconstructionarereflectedasexpendituresingovernmentalfundsandtherelatedassetsarereportedinthegeneralfixedassetsaccountgroupAllpurchasedfixedassetsarevaluedatcostwherehistoricalrecordsareavailableandatanestimatedhistoricalcostwherenohistoricalrecordsexistDonatedfixedassetsarevaluedattheirestimatedfairvalueonthedatereceivedThecostsofnormalmaintenanceandrepairsthatdonotaddtothevalueoftheassetormateriallyextendassetlivesarenotcapitalizedImprovementsarecapitalizedanddepreciatedovertheremainingusefullivesoftherelatedfixedassetsasapplicablePublicdomaininfrastructuregeneralfixedassetsconsistingofroadsbridgescurbsandguttersstreetsandsidewalksdrainagesystemsandlightingsystemsarenotcapitalizedastheseassetsareirrmovableandofvalueonlytotheVillageAssetsinthegeneralfixedassetsaccountgrouparenotdepreciatedDepreciationofbuildingsequipmentwatersewersystemsandvehiclesintheproprietaryfundtypesiscomputedusingthestraightlinemethodInterestiscapitalizedonproprietaryfundassetsacquiredwithtaxexemptdebtTheamountofinteresttobecapitalizediscalculatedbyoffsettinginterestexpenseincurredfromthedateoftheborrowinguntilcompletionoftheprojectwithinterestearnedoninvestedproceedsoverthesameperiod20IIiIIItiI11II
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIIIIItIIISUMMARYOFSIGNIFICANTACCOUNTiNGPOLICIESContinuedkCompensatedAbsencesVestedoraccumulatedvacationleavethatisexpectedtobeliquidatedwithexpendableavailablefinancialresourcesisreportedasanexpenditureandafundliabilityofthegovernmentalfundthatwillpayitVestedoraccumulatedvacationleaveofproprietaryfundsisrecordedasanexpenseandliabilityofthosefundsasthebenefitsaccruetoemployees1LongTermObligationsLongtermdebtisrecognizedasaliabilityofagovernmentalfundwhendueorwhenresourceshavebeenaccumulatedinthedebtservicefundforpaymentearlyinthefollowingyearForotherlongtermobligationsonlythatportionexpectedtobefinancedfromexpendableavailablefinancialresourcesisreportedasafundliabilityofagovernmentalfundTheremainingportionofsuchobligationsisreportedinthegenerallongtermdebtaccountgroupLongtermliabilitiesexpectedtobefinancedfromproprietaryfundoperationsareaccountedforinthosefundsmFundEquityContributedcapitalisrecordedinproprietaryfundsthathavereceivedcapitalgrantspriortoDecember312000orcontributionsfromdeveloperscustomersorotherfundsReservesrepresentthoseportionsoffundequitynotappropriableforexpenditureorlegallysegregatedforaspecificfutureuseDesignatedfundbalancesrepresenttentativeplansforfutureuseoffinancialresourcesnBondDiscountsIssuanceCostsIngovernmentalfundtypesbonddiscountsandissuancecostsarerecognizedinthecurrentperiodBonddiscountsandissuancecostsforproprietaryfundtypesaredeferredandamortizedoverthetermofthebondsusingthebondsoutstandingmethodwhichapproximatestheeffectiveinterestmethodBonddiscountsarepresentedasareductionofthefaceamountofbondspayablewhereasissuancecostsarerecordedasdeferredchargesoInterfundTransactionsQuasiexternaltransactionsareaccountedforasrevenuesexpendituresorexpensesTransactionsthatconstitutereimbursementstoafundforexpendituresexpensesinitiallymadefromitthatareproperlyapplicabletoanotherfundarerecordedasexpendituresexpensesinthereimbursingfundandasreductionsofexpendituresexpensesinthefundthatisreimbursed21
VILLAGEOFGLENVIEWILLiNOISNOTESTOFINANCIALSTATEMENTSContinuedISUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedoInterfundTransactionsContinuedAllotherinterfundtransactionsexceptquasiexternaltransactionsandreimbursementsarereportedastransfersNonrecurringornonroutinepermanenttransfersofequityarereportedasresidualequitytransfersAllotherinterfundtransfersarereportedasoperatingtransferspMemorandumOnlyTotalColunmsTotalcolunmsonthegeneralpurposefinancialstatementsarecaptionedmemorandumonlytoindicatethattheyarepresentedonlytofacilitatefinancialanalysisDatainthesecolumnsdonotpresentfinancialpositionorresultsofoperationsinconformitywithgenerallyacceptedaccountingprinciplesNeitheraresuchdatacomparabletoaconsolidationInterfundeliminationshavenotbeenmadeintheaggregationofthisdataqComparativeDataComparativetotaldatafortheprioryearhavebeenpresentedinselectedsectionsoftheaccompanyingfinancialstatementsinordertoprovideanunderstandingofchangesintheVillagesfinancialpositionoperationsandcashflowsTherehavebeensomereclassificationsbetweenindividuallinesintheprioryearcolumnsinordertopresentmorecomparabledatarGASBPronouncementsTheVillagehaselectedundertheprovisionsofGASBStatement20titledAccountingandFinancialReportingforProprietaryFundsandOtherGovernmentalEntitiesThatUseroprietaryFundAccountingtoapplyaliapplicableGASBpronouncementsandallFASBStatementsandInterpretationsAccountingPrinciplesBoardAPBOpinionsandAccountingResearchBulletinsARBissuedonorbeforeNovember301989unlesstheyconflictwithorcontradictGASBpronouncements2LEGALCOMPLIANCEANDACCOUNTABILITYaBudgetsAlldepartmentsoftheVillagesubmitrequestsforappropriationtotheVillageManagersothatabudgetmaybepreparedThebudgetispreparedbyfundandincludesinformationonthepastyearcurrentyearestimatesandrequestedappropriationsforthenextfiscalyear22IIIIiIIIIIII1I
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIIl1IiI1iIIItIIILEGALCOMPLIANCEANDACCOUNTABILITYContinuedaBudgetsContinuedTheproposedbudgetispresentedtothegoverningbodyforreviewThegoverningbodyholdspublichearingsandmayaddtosubtractfromorchangeappropriationsbutmaynotchangetheformofthebudgetTheVillageManagerisauthorizedtotransferbudgetedamountsbetweendepartmentswithinanyfundhoweveranyrevisionsthatalterthetotalexpendituresofanyfundmustbeapprovedbythegoverningbodyExpendituresmaynotlegallyexceedbudgetedappropriationsatthefundlevelDuringtheyearasupplementaryappropriationwasnecessarybDeficitFundBalancesofindividualFundsThefollowingfundshadadeficitinfundbalanceretainedearningsasofthedateofthisreportDeficitFundBalanceGNASRedevelopmentGNASCaretakerGNASBondFundSeries1995NorthMaineWaterandSewer38241598394845694274344cExcessofActualExpendituresExpensesOverBudgetinIndividualFundsThefollowingfundshadanexcessofactualexpendituresexpensesexclusiveofdepreciationandamortizationoverbudgetforthefiscalyearFundExcessWholesaleWaterMunicipalEquipmentRepairInsurance276206476775068523
VILLAGEOFGLENVIEWILLiNOISNOTESTOFiNANCIALSTATEMENTSContinuedDEPOSITSANDiNVESTMENTSTheVillagemaintainsacashandinvestmentpoolthatisavailableforusebyallfundsexceptthepensiontrustfundsEachfundtypesportionofthispoolisdisplayedonthecombinedbalancesheetascashandinvestmentsInadditioninvestmentsareseparatelyheldbyseveraloftheVillagesfundsThedepositsandinvestmentsofthepensiontrustfundsareheldseparatelyfromthoseofotherfundsCashonhandof5050fortheprimarygovernmentand950forthecomponentunithasbeenexcludedfromtheamountsshownbelovPermittedDepositsandInvestmentsStatutesauthorizetheVillagetomakedepositsinvestininsuredcormnercialbankssavingsandloaninstitutionsobligationsoftheUSTreasuryandUSAgenciesinsuredcreditunionsharesmoneymarketmutualfundswithportfoliosofsecuritiesissuedorguaranteedbytheUnitedStatesoragreementstorepurchasethesesameobligationsrepurchaseagreementsshorttermcommercialpaperratedwithinthethreehighestclassificationsbyatleasttwostandardratingservicesandtheIllinoisFundsPensionfundsmayalsoinvestincertainnonUSobligationsIllinoismunicipalcorporationstaxanticipationwarrantsveteransloansobligationsoftheStateofIllinoisanditspoliticalsubdivisionsandIllinoisinsurancecompanygeneralandseparateaccountsmutualfundsandequitysecuritiesIllinoisFundsisaninvestmentpoolmanagedbytheStateofIllinoisOfficeoftheTreasurerwhichallowsgovernmentswithintheStatetopooltheirfundsforinvestmentpurposesIllinoisFundsisnotregisteredwiththeSECasaninvestmentcompanybutdoesoperateinamannerconsistentwithRule2a7oftheInvestmentCompanyActof1940InvestmentsinIllinoisFundsarevaluedatIllinoisFundssharepricewhichisthepricetheinvestmentcouldbesoldforaDepositsAtyearendthecarryingamountoftheprimarygovernmentsdepositstotaled32546410andthebankbalancestotaled32691147Thecarryingamountofthecomponentunitsdepositstotaled1422205andthebankbalancestotaled133996424IiitIII11III
VILLAGEOFGLENVIEWILLiNOISNOTESTOFINANCIALSTATEMENTSContinuedII1I1ItIIIiIII3DEPOSITSANDINVESTMENTSContinuedaDepositsContinuedBankBalancePrimaryComponentGovernmentUnitCategory1DepositscoveredbyfederaldepositoryinsuranceorbycollateralheldbytheVillageoritsagentintheVillagesname289933491339964Category2DepositscoveredbycollateralheldbythepledgingfinancialinstitutionstrustdepartmentoritsagentsintheVillagesnameCategory3DepositscoveredbycollateralheldbythepledgingfinancialinstitutionoritstrustdepartmentoritsagentbutnotintheVillagesnameanddepositswhichareuninsuredanduncollateralized3697798TOTALDEPOSITS326911471339964ThisamountrepresentsdepositsheldinescrowbyChicagoTitleandTrustonbehalfoftheVillageForpensiontrustlandsthetypesofdepositsauthorizedandthemixofcreditriskcategoriesdonotdiffersignificantlyfromtheotherfundsoftheVillagebInvestmentsTheVillagesinvestmentsarecategorizedtogiveanindicationofthelevelofcustodialcreditriskassumedbytheentityatyearendCategory1includesinvestmentsthatareinsuredorregisteredorforwhichthesecuritiesareheldbytheVillageoritsagentintheVillagesnameCategory2includesuninsuredandunregisteredinvestmentsforwhichthesecuritiesareheldbythecounterpartystrustdepartmentoragentintheVillagesnameCategory3includesuninsuredandunregisteredinvestmentsforwhichthesecuritiesareheldbythecounterpartyintheVillagesnameorheldbyanythirdpartynotintheVillagesnameanduninsuredunregisteredinvestments25
VILLAGEOFGLENVIEWILLINOISNOTESTOFiNANCIALSTATEMENTSContinuedIIii3DEPOSITSANDINVESTMENTSContinuedbInvesmaentsContinuedPrimaryGovernmentFairValueCategory123Totals1074770581074770589842010198420101220147572201475721045902104590230016506230016506USTreasurySecuritiesUSAgencySecuritiesCorporatebondsMunicipalbondsIllinoisFundsMutualFundsInsurancecontractsandseparateaccounts361290245841092662479TOTALINVESTMENTS240875996NotsubjecttoriskcategorizationComponentUnitInvestmentsfortheComponentunitconsistof102205ofIllinoisFundsIllinoisFundsarenotsubjecttoriskcategorizationandthefairvalueofthepositionintheexternalpoolisthesameasthevalueofthepoolshares4RECEIVABLESTAXESPropertytaxesfor2002attachasanenforceablelienonJanuary12002onpropertyvaluesassessedasofthesamedateTaxesareleviedbyDecemberofthefiscalyearbypassageofaTaxLevyOrdinanceTaxbillsarepreparedbytheCountyandissuedonoraboutFebruary12002andAugustI2002andarepayableintwoinstallmentsonoraboutMarch12002andSeptember12002TheCountycollectssuchtaxesandremitsthemperiodicallyTheallowanceforuncollectibletaxeshasbeenstatedat2ofthetaxlevytoreflectactualcollectionexperience26III1ItIIIIIII
VILLAGEOFGLENVIEWILLiNOISNOTESTOFiNANCIALSTATEMENTSContinuedIIII1IIIII5FIXEDASSETSaGeneralFixedAssetsAccountGroupThefollowingisasummaryofchangesinthegeneralfixedassetsaccountgroupduringthefiscalyearPrimaryGovermnentBalancesBalancesJanuary1AdditionsRetirementsDecember31Land56438535643853Buildingandimprovements1016097011847810279448Equipment8648664197760651322410I13046Furniture295072295072Officeequipment689250179277868527TOTALGENEIL4LFIXEDASSETS25437809227536151322427199946DiscretelyPresentedComponentUnitBalancesBalancesJanuary1AdditionsRetirementsDecember31Land500000Buildingandimprovements4125488Furnitureandequipment8702785000004125488870278TOTALGENERALFIXEDASSETS5495766549576627
VILLAGEOFGLENVIEWILLiNOISNOTESTOFiNANCIALSTATEMENTSContinued5FIXEDASSETSContinuedbProprietaryFixedAssetsThefollowingisasummaryofproprietaryfundtypefixedassetsasofthedateofthisreportIntemalEnterpriseServiceFundsLandandimprovementsBuildingsBuildingimprovementsWatersewersystemsEquipmentandvehiclesOfficefurnitureandequipment5595830285124364520330938049513282017018672Totalfixedassets5595841638160Lessaccumulateddepreciation399712892935NETFIXEDASSETS5196128745225InproprietaryfundsthefollowingestimatedusefullivesareusedtocomputedepreciationBuildingimprovementsWatersewersystemsBuildingsEquipmentandvehiclesOfficefurnitureandequipment1020years50years4050years310years310yearsRISKMANAGEMENTTheVillageisexposedtovariousrisksoflossrelatedtotortstheftofdamagetoanddestructionofassetserrorsandomissionsinjuriestoemployeesillnessesofemployeesandnaturaldisastersTheVillageisselfinsuredforallrisksandhasestablishedariskfinancingfundInsuranceFundFundforallrisksItisaccountedforasaninternalservicefundwhereassetsaresetasideforclaimsettlementsUnderthisprogramtheFundprovidescoverageuptoamaximumof1000000foreachgeneralliabilityclaim50000foreachworkerscompensationclaimand50000foreachpropertydamageclaimTheVillagepurchasescommercialinsuranceforclaimsinexcessofthecoveragesprovidedbytheFundSettledclaimshavenotexceededthiscommercialcoverageinanyofthepastthroefiscalyears28iIItII1IiIIIII1I
VILLAGEOFGLENrVIEWILLINOISNOTESTOFiNANCIALSTATEMENTSContinuedIIIIIIIIiIIRISKMANAGEMENTContinuedAlifundsoftheVillageparticipateandmakepaymentstotheFundbaseduponactuarialestimatesoftheamountsneededtopaypriorandcurrentyearclaimsLiabilitiesoftheFundarereportedwhenitisprobablethatalosshasoccurredandtheamountofthelosscanbereasonablyestimatedLiabilitiesincludeanamountforclaimsthathavebeenincurredbutnotreportedIBNRClaimliabilitiesarecalculatedconsideringtheeffectsofinflationrecentclaimsettlementtrendsincludingfrequencyandamountofpayoutsandothereconomicandsocietalfactorsChangesinthebalancesofclaimsliabilitiesduringthepasttwofiscalyearsareasfollowsFiscalYearEndedDecember31200120002696222030958605049386975713027342372996269622CLAIMSPAYABLEJANUARY1AddclaimsincurredLessclaimspaidCLAIMSPAYABLEDECEMBER31IntergovernmentalPersonnelBenefitCooperativeIPBCTheVillageparticipatesintheIntergovernmentalPersonnelBenefitCooperativeIPBCIPBCisapublicentityriskpoolestablishedbycertainunitsoflocalgovernmentinIllinoistoadministersomeorallofthepersonnelbenefitprogramsprimarilymedicaldentalandlifeinsurancecoverageofferedbyitsmemberstotheirofficersandemployeesandtotheofficersandemployeesofcertainothergovernmentalquasigovernmentalandnonprofitpublicserviceentitiesRiskoflossisretainedbytheVillageexceptthatIPBCpurchasesexcesscoveragepoliciesManagementconsistsofaBoardofDirectorscomprisedofoneappointedrepresentativefromeachmemberInadditiontherearethreeofficersaBenefitAdministratorandaTreasurerTheVillagedoesnotexerciseanycontroloveractivitiesoflPBCbeyonditsrepresentationontheBoardofDirectorsHighLevelExcessLiabilityPoolHELPTheVillageparticipatesintheHighLevelExcessLiabilityPoolHELPHELPisapublicentityriskpoolestablishedbycertainmunicipalitiesinIllinoistoprovideexcessliabilitycoverage10000000ofcoverageaftera1000000selfinsuranceretentionTheVillagespaymentstoHELParedisplayedonthefinancialstatementsasexpensesintheInsuranceFund29
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinued6RISKMANAGEMENTContinuedHighLevelExcessLiabilityPoolHELPContinuedHELPwasorganizedonApril11987ThepurposeofHELPistoactasajointselfinsurancepoolforthepurposeofseekingthepreventionorlesseningofliabilityclaimsforinjuriestopersonsorpropertyorclaimsforerrorsandomissionsmadeagainstthemembersandotherpartiesincludedwithinthescopeofcoverageofHELPHELPisgovernedbyaBoardofDirectorswhichconsistsofoneappointedrepresentativefromeachmembermunicipalityEachdirectorhasanequalvoteTheofficersofHELPareappointedbytheBoardofDirectorsTheBoardofDirectorsdeterminesthegeneralpolicyofHELPmakesallappropriationsapprovescontractsadoptsresolutionsprovidingfortheissuanceofdebtbyHELPadoptsbylawsrolesandregulationsandexercisessuchpowersandperformssuchdutiesasmaybeprescribedintheAgencyAgreementorthebylawsTheVillagedoesnotexerciseanycontrolovertheactivitiesofHELPbeyonditsrepresentationontheBoardofDirectors7LONGTERMDEBTaChangesinLongTermLiabilitiesDuringthefiscalyearthefollowingchangesoccurredinliabilitiesreportedforGeneralObligationBondsBalancesBalancesJanuary1AdditionsRetirementsDecember317840000340000750000055090000418000002590000943000006293000041800000293000010180000EnterpriseFundsGeneralLongTermDebtAccountGroupbGeneralObligationBondsTheVillageissuesgeneralobligationbondstoprovidefundsfortheacquisitionandconstructionofmajorcapitalfacilitiesGeneralobligationbondshavebeenissuedforbothgeneralgovernmentandproprietaryactivitiesThesebondsthereforearereportedintheproprietaryfundsiftheyareexpectedtoberepaidfromproprietaryrevenues30iIIIIIII1IIIIiIII
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIIIILONGTERMDEBTContinuedbGeneralObligationBondsContinuedGeneralobligationbondsaredirectobligationsandpledgethefullfaithandcreditoftheVillageGeneralobligationbondscurrentlyoutstandingareasfollowsFundDebtBalancesBalancesIssueRetiredByJanuaryIAdditionsReductionsDecember31IItIIIIIIIiI2895000CorporatePurposeBondsSeriesof1992datedApril11992dueinannualinstallmentsof10000to255000plusinterestat400to590throughDecember120127635000CorporatePurposeBondsSeriesof1993datedMay11993dueinaxmualinstallmentsof205000to1345000plusinterestat460to470throughDecemberI20058040000CorporatePurposeBondSeriesof1994datedSeptember151994dueinannualinstallmentsof90000to1275000plusinterestat400to510throughDecember120048345000CorporatePurposeBondSeriesof1996datedNovember11996dueinannualinstallmentsof675000toS1050000plusinterestat460to4875throughDecember120086175000CorporatePurposeBondSeriesof1997datedAugust11997dueinannualinstallmentsof100000to495000plusinterestat4875to500throughDecember12017WholesaleWaterDebtServiceDebtServiceDebtServiceNorthMainWaterandSewer2175000125000205000051550007000004455000351000011550002355000705500073500063200005665000215000545000031
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedLONGTERMDEBTContinuedbGeneralObligationBondsContinuedISSUeFundDebtBalancesBalancesRetiredByJanuaryIAdditionsReductionsDecember3110000000GeneralObligationBondSeriesof1998AdatedNovemberI1998dueinannualinstallmentsof695000to1875000plusinterestat410to435throughDecember12018DebtService100000001000000024400000GeneralObligationBondSeriesof1998BdatedJanuary11999dueinannualinstallmentsorS1000000to2050000plusinterestat425to450throughDecember12018DebtService24400000244000004970000GeneralObligationBondSeriesof2000datedDecember152000dueinannualinstallmentsof345000to1875000plusinterestat430to45throughDecember12008DebtService4970000497000041800000GeneralObligationBondSeriesof2001datedAugust12001dueinannualinstallmentsof500000to5500000plusinterestat350to435throughDecember12012DebtService4180000041800000TOTAL62930000418000002930000101800000cNotesPayableTheVillageentersintonotespayabletoprovidefundsfortheacquisitionofcapitalassetsNotespayablehavebeenissuedforproprietaryactivitiesTheproprietaryliabilitiesarethereforereportedintheproprietaryfunds32IiIIIIItIIIII1I
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIIIII1IIIIIIiIIILONGTERMDEBTContinuedcNotesPayableContinuedNotepayablecurrentlyoutstandingisasfollowsFundDebtBalancesIssueRetiredByJanuary1AdditionsReductionsBalancesDecember312850000CorporatePurposeNoteof1997datedSeptember21997dueinNorthannualinstallmentsofMaine215377lnterestpaidatWater4942throughandSeptember12019Sewer2615192861342529058dDebtServiceRequirementstoMaturityAnnualdebtservicerequirementstomaturityareasfollowsGeneralCorporateObligationPurposeGeneralBondsCarriedNotesCardedFiscalObligationasEnterpriseasEnterpriseYearBondsFundLiabilitiesFundLiabilitiesTotals20028157943756494215377912981420038322891767596215377930586420048308854761906215377928613720051240140676026821537713377051200612409350762352215377133870792007122682387628962153771324651120081111794676696621537712I002892009877344676932621537797581492010857616476986621537795614072011887694076877221537798610892012864594077595621537796372732013291794650575021537736390732014293107051100021537736574472015294895051000021537736743272016296605051300021537736944272017298203551975021537737171622018300156421537732169412019215377215377TOTALPRINCIPALANDINTEREST125606733109818983876786140465417INTERESTPORTION31306733348189813477283613635933
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinued7LONGTERMDEBTContinuedeLegalDebtMarginTheGovernmentisahomerulemunicipalityArticleVIISection6kofthe1970IllinoisConstitutiongovernscomputationofthelegaldebtmarginTheGeneralAssemblymaylimitbylawtheamountandrequirereferendumapprovalofdebttobeincurredbyhomerulemunicipalitiespayablefromadvalorempropertytaxreceiptsonlyinexcessofthefollowingpercentagesoftheassessedvalueofitstaxableproperty2ifitspopulationismorethan25000andlessthan500000anaggregateofonepercentindebtednesswhichisoutstandingontheeffectivedateJuly11971ofthisconstitutionorwhichisthereafterapprovedbyreferendumshallnotbeincludedintheforegoingpercentageanaountsTodatetheGeneralAssemblyhassetnolimitsforhomerulemunicipalitiesfAdvanceRefundingGeneralObligationRefundingBondsSeries1994InAugust1994theVillageissued8040000GeneralObligationSeries1994bondstheproceedsofwhichwereusedtoadvancerefundthroughaninsubstancedefeasance5025000ofthe1989seriesgeneralobligationbondsand2525000ofthe1990seriesgeneralobligationbondsTheescrowedassetsand1775000oftheseries1989GeneralObligationBondsand600000ofthe1990seriesgeneralobligationbondsatDecember312001arenotreportedinthesefinancialstatementsgNoncommitmentDebtSpecialServiceAreaBondsSpecialserviceareabondsoutstandingasofthedateofthisreporttotaled879075ThesebondsarenotanobligationoftheVillageandaresecuredbythelevyofspecialserviceontherealpropertywithinthespecialserviceareaTheVillageisinnowayliableforrepaymentbutisonlyactingastheagentforthepropertyovnersinlevyingandcollectingtheassessmentsandforwardingthecollectionstothebondholders34iIIIIiIIIIIiI
VILLAGE OF GLENVIEW ILLINOIS
NOTES TO FINANCIAL STATEMENTS Continued
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7 LONG TERM DEBT
Continued gNonconm itment Debt
Continued Conduit
Debt The Village has issued Industrial Development Revenue Bonds IDRBs to
provide financial assistance to private organizations for the construction and acquisition
of industrial and commercial improvements deemed to be in the public interest
The bonds are secured solely by the property financed and are payable solely from
the payments received on the underlying mortgage loans on the property The Village
is not obligated in any manner for the repayment of the bonds Accordingly the
bonds outstanding are not reported as a liability in these financial statements As
of December 31 2001 there was one series oflDRBs outstanding The
aggregate principal amount payable for the IDRBs outstanding was
9 295
000 CONTRACTUAL COMMITMENTS a High Level
Excess Liability Pool HELP The Village has committed to purchase excess liability
insurance from the High LevelExcess Liability Pool HELP a public entity risk pool
for certain Illinois municipalities through
April 30 2008 These amounts have been calculatedusing the Village
s current allocationpercentage of 7 58 In future years this allocation percentage will
be subject to change because the HELP Agreement provides that each year
members will be assessed based upon a formula that specifies the following four
criteria for
allocating premium costs
Miles of Streets
Full Time Equivalent Employees
Number of
Motor Vehicles Operating Revenues b Solid Waste Agency of
Northern Cook County SWANCC The Village has committed to pay its share of the annual
operating costs and fixed costs ofthe SWANCC The Village s share of costs is
expected to be funded through tipping fees paid by refuse haulers The Village
began delivering refuse to SWANCC
in May
of199535
VILLAGE OF GLENVIEW ILLINOIS
NOTES TO FINANCIAL STATEMENTS Continued
CONTRACTUAL COMMITMENTS Continued
b Solid Waste Agency of Northern Cook County SWANCC Continued
SWANCC has entered into solid waste disposal contracts with the twenty
three member municipalities The contracts are irrevocable and may not be terminated
or amended except as provided in the contract Each member is obligated on a take
or pay basis to purchase or in any event to pay for a minimum annual cost of
the
system The obligation of the Village to make all payments as required by this contact
is unconditional and irrevocable vithout regard to performance or nonperformance
by SWANCC of its obligations under this
contract INTEKFUND
ASSETS LIABILITIES Due From
To Other Funds Payable Fund
Receivable Fund Amount General Municipal Equipment
Repair 133
493 Escrow 3
521
1993
Project
300
137
314 4
590 1 682
5 072
11 344
Special Revenue GNAS
Redevelopment
GNAS Caretaker
Commuter Parking
Municipal Equipment Repair General Capital
Projects Village Permanent
GNAS Bond
Fund Series
1995 Capital
Equipment Replacement Capital
Project 2001 Project
1993 Project Glen
Land
Sales GNAS
Redevelopment Municipal
Equipment
Repair
Genera
Arbitrage
Rebate
Capital
Projects
43
400
205
966
1
700 720 155
099
3
305
410
190
Enterprise
Water
WholesaleWater
General
Sewer
Municipal
Equipment
Repair
General
86
544
63
743
20
747118636IiIIIIIIIIIIIi
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIIIIIIIIIIINTERFUNDASSETSFLIABILITIESContinuedDueFromToOtherFundsContinuedPayableFundReceivableFundAmountEnterpriseContinuedSewerCommuterParkingNorthMaineWaterandSewerTrustandAgencyEscrowDepositTOTALAdvancesFromToOtherFundsPayableFundGeneralMunicipalEquipmentRepairGeneralWaterGeneralMunicipalEquipmentRepairDepositWaterReceivableFund19062355746973681979253362250321025431489104032887912CapitalProjectsIIIIIIICapitalEquipmentReplacementCapitalProjectsTOTALWaterworksNorthMaineWaterandSewerSewerageWaterworks3781911310909511697216141102659290
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIi0SEGMENTINFORMATIONENTERPRISEFUNDSTheVillagemaintainsthefollowingenterprisefundswhichareintendedtobeselfsupportingthroughuserfeeschargedforservicestothepublicFinancialsegmentinformationasofthedateofthisreportandforthefiscalyearisasfollowsNorthMaineWholesaleWaterandWaterworksWaterSewer69585601387408558813656495062815282255184614241251511059672000030000102659150625059270098554016924914749513541083586442345404990942249742426865588076852654989563620012962932050000797905821951414564303274344CommuterParkingSewerageLotTotals932421290171151566961322298132105038I4884676585739189485000066562737000282816816612635178832838244898159900635864424489825903029909457326688371273983062972180523374594379381002905856976372757732821478338OperatingrevenuesDepreciationandamortizationexpenseOperatingincomeOperatingtransfersinOperatingtransfersoutNetincomelossCurrentcapitalcontributionsCurrentcapitaltransfersPlantpropertyandequipmentAdditionsDeletionsTotalassetsNetworkingcapitalBondsandotherlongtermliabilitiesPayablefromoperatingrevenuesTotalequityOperatingrevenuesDepreciationandamortizationexpenseOperatingincomeOperatingtransfersinOperatingtransfersoutNetincometossCurrentcapitalcontributionsCurrentcapitaltransfersPlantpropertyandequipmentAdditionsDeletionsTotalassetsNetworkingcapitalBondsandotherlongtermliabilitiesPayablefromoperatingrevenuesTotalequityIIIIIIIIIIIIIIII
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIIIIIIIIIIIIIII11CONTRIBUTEDCAPITALDuringthecurrentyearcontributedcapitalincreasedbythefollowingamountsWaterworksSewerageTotalsINCREASESContributionofcapital13541082448981599006DECREASESNoneNetincreasedecrease13541082448981599006294479818225894767387CONTRIBUTEDCAPITALJANUARY1RESTATEDCONTRIBUTEDCAPITALDECEMBER3142989062067487636639312CONTINGENTLIABILITIESaLitigationTheVillageisadefendantinvariouslawsuitsAlthoughtheoutcomeoftheselawsuitsisnotpresentlydeterminableintheopinionoftheVillageAttorneytheresolutionofthesematterswillnothaveamaterialadverseeffectonthefinancialconditionoftheVillagebGrantsAmountsreceivedorreceivablefiomgrantoragenciesaresubjecttoauditandadjustmentbygrantoragenciesprincipallythefederalgovernmentAnydisallowedclaimsincludingamountsalreadycollectedmayconstitutealiabilityoftheapplicablefundsTheamountifanyofexpendituresthatmaybedisallowedbythegrantorcannotbedeterminedatthistimealthoughtheVillageexpectssuchamountsifanytobeimmaterial39
VILLAGE OF GLENVIEW ILLINOIS
NOTES TO FINANCIAL STATEMENTS Continued
12 CONTINGENT LIABILITIES Continued
c High Level Excess Liability Pool
HELP The Village has committed to purchase excess liability insurance from theHigh
level Excess Liability Pool HELP through April 30 2008 The Village expects to
make the following payments to
HELP Year
Ending December 31
Amount 2002 68
425 2003
68 425
2004 68
425 2005
68 425
2006 68 425 2007 2008 136 850 d Solid
Waste Agency of Northern Cook County SWANCC The Village has committed to make
payments to SWANCC for solid waste refuse disposal
and expects
to pay the
following amounts Year
Ending December
31 Amount
2002 216
001 2003
216 001
2004 216 042 2005 216 084 2006 216 0162007 2022 2 159
727 These amounts have been estimated based upon the Village s cormmtment for 2002 In
future years the annual expense will be subject to
change based
upon
the
actual
tonnage
of
refuse
disposed
of
and
current
SWANCC
costs
40
I
IIIiIIIIIIiIII
VILLAGE OF GLENVIEW ILLINOIS
NOTES TO FINANCIAL STATEMENTS Continued
I 13
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JOINT VENTURES
Solid Waste Agency of Northern Cook County SWANCC
Description of Joint Venture
The Village is a member of the Solid Waste Agency of Northern Cook County SWANCC
which consists of twenty three municipalities SWANCC is a municipal corporation
and public body politic and corporate established pursuant to the Constitution of the State
of Illinois and the Intergovernmental Cooperation Act of the State of Illinois as amended
the Act SWANCC is empowered under the Act to plan construct finance operate
and maintain a solid waste disposal system to serve its
members SWANCC is governed by a Board of Directors which consists of one appointed mayor
or president from each member municipality Each director has an equal vote The officers
of SWANCC are appointed by the Board of Directors The Board of Directors determines
the general policy of SWANCC makes all appropriations approves contracts
adopts resolutions providing for the issuance of bonds or notes by SWANCC adopts
bylaws rules and regulations and exercises such powers and performs such duties as may
be prescribed in the Agency Agreement or the
bylaws Complete financial statements for SWANCC can be obtained from theAgency
s administrative office at 1616 East Golf Road Des Plaines Illinois 60016 or available
on the web atwwwswancc
comSWANCC s outstanding bonds are revenue obligations They are limited obligations
of SWANCC with a claim for payment solely from and secured by a pledge of the revenues
of SWANCC and amounts in various funds and accounts established by agency
resolutions The bonds are not the debt of any member SWANCC has no power to levy
taxes Revenues of SWANCC consist of 1 all receipts derived from solid waste
disposal contracts or any other contracts for the disposal of waste 2 all income derived from
the investment of monies and 3 all income fees and service charges and all grants rents
and receipts derived by SWANCC from the ownership and operation of the system
SWANCC covenants to establish fees and charges sufficient to provide revenues to meet all
its
requirements In accordance with the contract the Village made 806 219 in payments to
SWANCC for the year ended December 31 2001 The payments are recorded in the
Refuse and Recycling Fund The Village does not have an equity interest in
SWANCC at December
312001
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinued14POSTEMPLOYMENTBENEFITSInadditiontoprovidingthepensionbenefitsdescribedtheVillageprovidespostemploymenthealthcarebenefitsforretiredpublicsafetyemployeesSubstantiallyalloftheVillagespublicsafetyemployeesmaybecomeeligibleforthosebenefitsiftheyreachnormalretirementagewhileworkingfortheVillageThecostofretireehealthcarebenefitsisrecognizedasanexpenditureasclaimsarepaidForthefiscalyearthosecoststotal223296forthe57participantsTheretireespayanannualpremiumwhichisequaltotheactuariallydeteninedcostforeachplanyearAccordinglynoliabilityhasbeenrecordedforpostretirementhealthcarebenefits15EMPLOYEERETIREMENTSYSTEMSaPlanDescriptionsandProvisionsTheVillagecontributestothreedefinedbenefitpensionplanstheIllinoisMunicipalRetirementFundIMRFanagentmultipleemployerpublicemployeeretirementsystemthePolicePensionPlanwhichisasingleemployerpensionplanandtheFirefightersPensionPlanwhichisalsoasingleemployerpensionplanThebenefitsbenefitlevelsemployeecontributionsandemployercontributionsforallthreeplansaregovernedbyIllinoisCompiledStatutesandcanonlybeamendedbytheIllinoisGeneralAssemblyNoneofthepensionplansissueseparatereportsonthepensionplansHoweverIMRFdoesissueapubliclyavailablereportthatincludesfinancialstatementsandsupplementaryinformationfortheplanasawholebutnotforindividualemployersThatreportcanbeobtainedfromIMRF2211YorkRoadSuite500OakBrookIllinois60523IllinoisMunicipalRetirementAllemployeesotherthanthosecoveredbythePoliceorFirefightersplanshiredinpositionsthatmeetorexceedtheprescribedannualhourlystandardmustbeenrolledinIMRFasparticipatingmembersPensionbenefitsvestaftereightyearsofserviceParticipatingmemberswhoretireatorafterage60witheightyearsofcreditedserviceareentitledtoanannualretirementbenefitpayablemonthlyforlifeinanamountequalto123oftheirfinalrateofearningsforeachyearofcreditedserviceupto15yearsand2foreachyearthereafterIMRFalsoprovidesdeathanddisabilitybenefitsThesebenefitprovisionsandallotherrequirementsareestablishedbystatestatuteParticipatingmembersarerequiredtocontribute45oftheirannualsalarytoIMRFTheVillageisrequiredtocontributetheremainingamountsnecessarytofundtheIMRFasspecifiedbystatuteTheemployercontributionfortheyearendedDecember312001was680ofcoveredpayroll42IIIIIIIIIIIIiI
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIIIIIIIIIIIIIIIiI15EMPLOYEERETIREMENTSYSTEMSContinuedaPlanDescriptionsandProvisionsContinuedPolicePensionPoliceswornpersonnelarecoveredbythePolicePensionPlanAlthoughthisisasingleemployerpensionplanthedefinedbenefitsandemployeeandemployercontributionslevelsaregovernedbyIllinoisCompiledStatutesChapter40Article53andmaybeamendedonlybytheIllinoislegislatureTheVillageaccountsfortheplanasapensiontrustfundAtDecember312000thePolicePensionPlanmembershipconsistedofRetireesandbeneficiariescurrentlyreceivingbenefitsandterminatedemployeesentitledtobenefitsbutnotyetreceivingthemCurrentemployeesVestedNonvested294924TOTAL102ThePolicePensionPlanprovidesretirementbenefitsaswellasdeathanddisabilitybenefitsCoveredemployeesattainingtheageof50ormorewith20ormoreyearsofcreditableserviceareentitledtoreceiveanannualretirementbenefitofonehalfofthesalaryattachedtotherankheldonthelastdayofserviceorforoneyearpriortothelastdaywhicheverisgreaterTheannualbenefitshallbeincreasedby250ofsuchsalaryforeachadditionalyearofserviceover20yearsupto30yearstoamaximumof7500ofsuchsalaryEmployeeswithatleasteightyearsbutlessthan20yearsofcreditedservicemayretireatorafterage60andreceiveareducedbenefitThemonthlypensionorapoliceofficerwhoretiredwith20ormoreyearsofserviceafterJanuary11977shallbeincreasedannuallyfollowingthefirstanniversarydateofretirementandbepaiduponreachingtheageofatleast55yearsby300oftheoriginalpensionand300compoundedannuallythereafterEmployeesarerequiredtocontribute991oftheirbasesalarytothePolicePensionPlanIfanemployeeleavescoveredemploymentwithlessthan20yearsofserviceaccumulatedemployeecontributionsmayberefundedwithoutaccumulatedinterestTheVillageisrequiredtocontributetheremainingamountsnecessarytofinancetheplanasactuariallydeterminedbyanenrolledactuaryEffectiveJuly11993theVillagescontributionsmustaccumulatetothepointwherethepastservicecostforthePolicePensionPlanisfullyfundedbytheyear2033FortheyearendedDecember312001theVillagescontributionwas992ofcoveredpayroll43
VILLAGEOFGLENVIEWILLiNOISNOTESTOFINANCIALSTATEMENTSContinued15EMPLOYEERETIREMENTSYSTEMSContinuedaPlanDescriptionsandProvisionsContinuedFirefightersPensionFireswornpersonnelarecoveredbytheFirefightersPensionPlanwhichisadefinedbenefitsingleemployerpensionplanAlthoughthisisasingleemployerpensionplanthedefinedbenefitsaswellastheemployeeandemployercontributionslevelsaremandatedbyIllinoisCompiledStatutesChapter40Article54andmaybeamendedonlybytheIllinoislegislatureTheVillageaccountsfortheplanasapensiontrustfundAtDecember312000theFirefightersPensionPlanmembershipconsistedofRetireesandbeneficiariescurrentlyreceivingbenefitsandterminatedemployeesentitledtobenefitsbutnotyetreceivingthemCurrentemployeesVestedNonvested375228TOTAL117TheFirefightersPensionPlanprovidesretirementbenefitsaswellasdeathanddisabilitybenefitsEmployeesattainingtheageof50ormorewith20ormoreyearsofcreditableserviceareentitledtoreceiveamonthlyretirementbenefitofonehalfofthemonthlysalaryattachedtotherankheldinthefireserviceatthedateofretirementThemonthlypensionshallbeincreasedby112of250ofsuchmonthlysalaryforeachadditionalmonthover20yearsofservicethrough30yearsofservicetoamaximumof7500ofsuchmonthlysalaryEmployeeswithatleast10yearsbutlessthan20yearsofcreditedservicemayretireatorafterage60andreceiveareducedretirementbenefitThemonthlypensionoracoveredemployeewhoretiredwith20ormoreyearsofserviceafterJanuary11977shallbeincreasedannuallyfollowingthefirstanniversarydateofretirementandpaiduponreachingatleasttheage55by3oftheoriginalpensionand3compoundedannuallythereafterCoveredemployeesarerequiredtocontribute8455oftheirsalarytotheFirefightersPensionPlanIfanemployeeleavescoveredemploymentwithlessthan20yearsofserviceaccumulatedemployeecontributionsmayberefundedwithoutaccumulatedinterestTheVillageisrequiredtocontributetheremainingamountsnecessarytofinancetheplanasactuariallydeterminedbyanenrolledactuaryEffectiveJuly11993theVillagescontributionsmustaccumulatetothepointwherethepastservicecostfortheFirefightersPensionPlanisfullyfundedbytheyear2033FortheyearendedDecember312001theVillagescontributionwas3651ofcoveredpayroll44IIIIIIIIIIIIIII
IIVILLAGEOFGLENVIEWILLiNOISNOTESTOFiNANCIALSTATEMENTSContinuedIIIIIIIIIIIiIIII15EMPLOYEERETIREMENTSYSTEMSContinuedbSignificantInvestmentsTherearenoinvestmentsotherthanUSgovernmentandUSgovernmentguaranteedobligationsinanyoneorganizationthatrepresent500ormoreofnetassetsforeitherthePoliceortheFirefightersPensionPlansInformationforIMRFisnotavailableEmployercontributionshavebeendeterminedasfollowsIllinoisMunicipalPoliceFirefightersRetirementPensionPensionActuarialValuationDateDecember31January1January1199820012001ActuarialCostMethodEntryageEntryageEntryageNormalNormalNormalAssetValuationMethod5YearSmoothedMarketMarketMarketAmortizationMethodLevelLevelLevelPercentageofPercentageofPercentageofPayrollPayrollPayrollAmorizationPeriod10Years33Years33YearsClosedClosedClosedSignificantActuarialAssumptionsaRateofReturnonPresentandFutureAssets750800800CompoundedCompoundedCompoundedAnnuallyAnnuallyAnnuallybProjectedSalaryIncrease400300300AttributabletoInflationCompoundedCompoundedCompoundedAnnuallyAnnuallyAnnuallycAdditionalProjected40to1160250250SalaryIncreasesSeniorityMeritdPostRetirementBenefit300300300IncreasesEmployerannualpensioncostAPCactualcontributionsandthenetpensionobligationassetNPOareasfollowsTheNPOassetisthecumulativedifferencebetweentheAPCandthecontributionsactuallymade45
VILLAGEOFGLENVIEWILLiNOISNOTESTOFINANCIALSTATEMENTSContinued15EMPLOYEERETIREMENTSYSTEMSContinuedbSignificantInvestmentsContinuedIllinoisMunicipalPoliceFirefightersYearRetirementPensionPensionAnnualPensionCost19998315683895585123437APC2000825173186505455272001796191NANAActualContribution199983156838720815747620008251734275031738212001796191388310257224PercentageofAPCContributed199910000994127620001000022923818200110000NANANPOAsset1999195t218992520002605103182192001NANAInformationpresentedisforthefiscalyearsendingDecember3119992000and2001fromactuarialreponsasofDecember3119981999and2000ThenetpensionobligationassethasbeencalculatedasfollowsPoliceFirefightersPensionPension18722452523156115194842819818650545527427503173821AnnualrequiredcontributionsInterestonnetpensionobligationAdjustmenttoannualrequiredcontributionAnnualpensioncostContributionsmadeIncreasedecreaseinnetpensionobligationassetNetpensionobligationassetbeginningofyear24099812829419512189925NETPENSIONOBLIGATIONASSETENDOFYEAR26051031821946IIIIIIIIIIIIIIIII
VILLAGEOFGLENVIEWILLINOISNOTESTOFINANCIALSTATEMENTSContinuedIIIIIIIIIIIIIIII16SALEOFLANDAspartofthedevelopmentofthepropertyformerlyoccupiedbytheGlenviewNavalAirStation32938418wasrecordedasrevenueinsixseparatetransactionsintheGlenLandSalesFundforthesaleofland17PRIORPERIODADJUSTMENTTheVillagecorrectedaprioryearerrorbytransferring358644offixedassetsandcontributedcapitalfromtheSewerageFundtotheWaterworksFundBeginningfundbalanceintheGeneralFundhasbeenrestatedby371037fortheimplementationofGASBStatementNo33AccountingandFinancialReportingforNonexchangeTransactionsasfollowsSalestax603997Illinoisincometax23296037103718SUBSEQUENTEVENTTheVillageissued6885000of2002GeneralObligationRefundingBondsdatedFebruary15200247
IIIIVILLAGEOFGLENViEWILL1NOISREQUIREDSUPPLEMENTARYINFORMATIONSCHEDULEOFFUNDINGPROGRESSILLINOISMUNICIPALRETIREMENTFUNDDecember312001IIIIIIIIIIIIIIIActuarialIValuationActuarialDateValueofJanuary1Assets19961314636819971530413319981783417119992097163920002447773020012620361742UnfundedOAALActuarialOverfundedAsaAccrued3AALPercentageLiabilityFundedUAAL5ofCoveredAALRatioOAALCoveredPayrollEntryAge1221PaTroll4514358I589156121179075469521606162570789414952945836022511401739957710250434594884262849119680215106561291424951451213572179073511233268699510379550258923785832110162417785117087082065Seeindependentauditorsreport48
VILLAGEOFGLENVIEWILLINOISREQUIREDSUPPLEMENTARYINFORMATIONSCHEDULEOFFUNDINGPROGRESSPOLICEPENSIONFUNDDecember312001IIII2UAALActuarial4AsaActuarial1Accrued3UnfundedPercentageValuationActuarialLiabilityFundedAAL5ofCoveredDateValueofAALRatioUAALCoveredPayrollDecember31AssetsEntryAge1221Payroll45199620t5884020886412965272757233844922150199723553282231626561016939062636872951059199827211245242777011120829335442789745105151999256292702576988499451406144008491351200029157173301308819677973708430908322602001NANANANANANAInformationispresentedforasmanyyearsaspossibleuntilsixyearscanbepresentedSeeindependentauditorsreport49IIIIIIIIIIIIIII
IIIIVILLAGEOFGLENVIEWILLINOISREQUIREDSUPPLEMENTARYINFORMATIONSCHEDULEOFFUNDINGPROGRESSFIREFIGHTERSPENSIONFUNDDecember31200142UnfundedActuarialOverfundedActuarial1Accrued3AALValuationActuarialLiabilityFundedUAAL5DateValueofAALRatioOAALCoveredDecember31AssetsEntryAge1221Payroll199630745072S278927871102328522854164229IIIIIIIIIIIIULOAALAsaPercentageofCoveredPayroll45InformationispresentedforasmanyyearsaspossibleuntilsixyearscanbepresentedSeeindependentauditorsreport506849199734502380297411181160147612624253196111951998378878793183938911900604849043041261405319993674730234999514104991747788450649538782000401668893885617910337131071047607092753o02001NANANANANANA
CalendarYear199619971998199920002001ViLLAGEOFGLENVIEWILLINOISREQUIREDSUPPLEMENTARYINFORMATIONSCHEDULEOFEMPLOYERCONTRIBUTIONSiLLINOISMUNICIPALRETIREMENTFUNDDecember312001AnnualRequiredEmployerContributionContributionsARC738092738092764282764282804679804679831568831568825173825173796191796191Seeindependentauditorsreport51PercentageContributed100001000010000100001000010000IIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIVILLAGEOFGLENVIEWILLINOISREQUIREDSUPPLEMENTARYINFORMATIONSCHEDULEOFEMPLOYERCONTRIBUTIONSPOLICEPENSIONFUNDDecember312001AnnualPensionCalendarEmployerCostYearContributionsAPC19973983473642491998376836389071199938720838955820004275031865052001388310NAPercentageContributed109369686994022922NAInformationispresentedforasmanyyearsaspossibleuntilsixyearscanbepresentedSeeindependentauditorsreport52
VILLAGEOFGLENVIEWILLINOISREQUIREDSUPPLEMENTARYINFORMATIONSCHEDULEOFEMPLOYERCONTRIBUTIONSFIREFIGHTERSPENSIONFUNDDecember312001AnnualPensionCalendarEmployerCostYearContributionsAPC1997247575200526199823633412749819991574761234372000173821455272001257224NAPercentageContributedI2346185361275838180NAInformationispresentedforasmanyyearsaspossibleuntilsixyearscanbepresentedSeeindependentauditorsreport53IIIIIIIIIIIIIIIIIII
IIiIGENERALFUNDTheGeneralFundalsoreferredtoastheCorporateFundisusedtoaccountforresourcestraditionallyassociatedwithgovernmentalservicesnotrequiredtobeaccountedforinanotherfund
VILLAGEOFGLENVIEWILLINOISBALANCESHEETGENERALFUNDDecember312001withcomparativetotalsfor2000IIIASSETSCashInvestmentsReceivablesTaxesPropertytaxesSalestaxIncometaxUtilitytaxesAccountsOtherDuefromothergovernmentsDuefromotherfundsTOTALASSETSLIABILITIESANDFUNDBALANCELIABILITIESAccountspayableAccruedpayrollCompensatedabsencespayableInfrastructuremaintenancefeeOtherpayablesDuetootherfundsDeferredrevenueDeferredpropertytaxesTotalliabilitiesFUNDBALANCEReservedforPattonHouseUnreservedDesignatedforincometaxsumhargereceiptsUndesignatedTotalfundbalanceTOTALLIABILITIESANDFUNDBALANCE2001200011101511792206136466051041452357858845672153196891311466312329603439954253154269633314311858732385137073521i062318612892015380375479776098887717977455153169195180289829563758925911173741373142320042433251505755785884567215392475768348840100001000013348481334848125938651084434913938713121891972318628920538037Seeaccompanyingnotestofinancialstatements54IIIIIIIIiI
iIIThispageisintentionallyleftblank
VILLAGEOFGLENWIEWILLINOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCEBUDGETANDACTUALGENERALFUNDFortheYearEndedDecember312001withcomparativeactualfor2000iIIIREVENUESTaxesLicensesandpermitsIntergovernmentalChargesforservicesFinesandforfeitsInvestmentincomeMiscellaneousTotalrevenuesEXPENDITURESGeneralgovernmentPublicsafetyHighwaysandstreetsTotalexpendituresEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFiNANCINGSOURCESUSESOperatingtransfersinWholesaleWaterFundWaterworksfundSewerageFundNorthMaineWaterandSewerFundCommuterParkingLotFundGNASRedevelopmentFundGNASCaretakerFundCapitalProjectsFundEscrowDepositFundComponentUnitLibraryFundOperatingtransfersoutCapitalEquipmentReplacementFundDebtServiceFundCapitalProjectsFundTotalotherfinancingsourcesuses20012000BudgetActualActual1056731810704456102130702462505281000017373991307950013360398128949622015065115255312809282500002152842244314750007698336653828250001581342524969296743883059386627541141621286055842747693301154892111558451913865605596880058955205100455276708712706431326659361200351735295538817801050001050001020004937004937105007506849568500685003075003075002926743200037000370002000200020002000200020001208986175000172351190994126001260012600106193110619301001302210805210805209900020790003610937217344121510742194735Thisstatementiscontinuedonthefollowingpage55IIIiIiiIIIIII
IIIVILLAGEOFGLENWIEWILL1NOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESiNFUNDBALANCEBUDGETANDACTUALContinuedGENERALFUNDFortheYearEndedDecember312001withcomparativeactualfor2000EXCESSDEFICIENCYOFREVENUESANDOTHERFiNANCiNGSOURCESOVEREXPENDITURESANDOTHERFiNANCINGUSESFUNDBALANCEJANUARY1PriorperiodadjustmentFUNDBALANCEJANUARY1RESTATEDFUNDBALANCEDECEMBER3120012000BudgetActualActual169192413784791312955121891971350215237103712560234135021521393871312189fl97Seeaccompanyingnotestofinancialstatements56
VILLAGEOFGLENVIEWILLiNOISSCHEDULEOFREVENUESBUDGETANDACTUALGENERALFUNDFortheYearEndedDecember312001withcomparativeactualfor2000iITAXESPropertytaxescurrentPropertytaxespensionPropertytaxespriorUtilitytaxATTUtilitytaxmobileservicesUtilitytaxNIGasUtilitytaxCommonwealthEdisonUtilitytaxAmeritechOtherHotelroomtaxTotaltaxesLICENSESANDPERMITSBusinessLiquorPetBuildingpermitsCertificateofoccupancyContractorsfeesPlumbingandsewerDrivewaypermitsTotallicensesandpermitsiNTERGOVERNMENTALGlenbrookFireProtectionDistrictReplacementtaxesSalestaxIllinoisincometaxPhotousetaxRoadandbridgeRoadandbridgepriorVillageofGolfFireProtectionDistrictMiscellaneousintergovemmentFederalandstategrantsMakewholepaymentTotalintergovernmental200120OOBudgetActualActual537731851293604817524465000614606570574150000649142403701875021529169889118750621813501455500000941153623847170000017181391792662175000650992724730123750082500074818887201910567318107044561021307065000719216609790000939508520050004829491321775052408528142097130000591703579440000597104780850000976766578950001421610827246250528100001737399190000019680621968076125000132443150490630000071840066522922295000029634862990432600000520484560588170000184145176115100032987826142500147718123400156000141232134979667000413141445256800074210115609130795001336039812894962Thisscheduleiscontinuedonthefollowingpage57II1III1IItIIIII
IIIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFREVENUESBUDGETANDACTUALContinuedGENERALFUNDFortheYearEndedDecember3l2001withcomparativeactualfor2000IICHARGESFORSERVICESREDAdministrationFirecomPlanreviewfeesReinspectionfeesElevatorinspectionfeesPlanningfeesConditionalusefeesElectricalinspectionEngineeringfeesGNASengineeringfeesUnclassifiedpublicworksOtherservicechargesLeasefeesDogimpoundingfeesTotalchargesforservicesFINESANDFORFEITSINVESTMENTINCOMESavingsInvestmentsNOWaccountsTotalinvestmentincomeOTHERREVENUESAmeritechinfrastructuremaintenanceInfrastructuremaintenancefeeFranchisetaxCableTVNicorfranchisetaxLandsalesMiscellaneousTotalotherrevenuesTOTALREVENUES20012000BudgetActualActual38665426678578100000181265100029759150001412050009905840073555000011849940000051040612000001200029821000033780175000190676256137690995334887114201813665528112278108169238656212898120302015065115255312809282500002152842244311500099262119945000074878063229910000111271188447500076983366538216500014392315900630301421000024168016983929165254424000009566542954605000020992017823682500015813425249692976743883059386627541141Seeindependentauditorsreport58
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFEXPENDITUILESBUDGETANDACTUALGENERALFUNDFortheYearEndedDecember312001IIIGENERALGOVERNMENTBoardofTrusteesSpecialboardLegalEmergencyServiceDisasterAgencyVillageManagerFinanceInformationSystemsManagementMunicipalbuildingandgroundsPersonnelandinsuranceCableTVTotalgeneralgovernmentPUBLICSAFETYPolicedepartmentFiredepartmentPrintingTotalpublicsafetyHIGHWAYSANDSTREETSDevelopmentandpublicservicesAdministrationPlanningandzoningEngineeringPublichealthBuildinginspectionTotaldevelopmentandpublicservicesPublicworksAdministrationOverheadStreetmaintenanceTrafficStormwatermanagementSnowandicecontrolForestryGroundsTotalpublicworksTotalhighwaysandstreetsTOTALEXPENDITURESSeeindependentauditorsreport59BudgetActual1382203123266899518847132170030711484206998525613440607719738708261417716421228276712325736303489630579131008509671462128605584274759468975749157832072796291862450466861548921115584519328369347449313922377704879818802313230050225751915589890511266774826437283587463105611225610132699026631632469147395129922712688917648137504131778024542233784422907715821833010523251792596880058955202767087127064313II1iIIIIII1I1III
IIIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFDETAILEDEXPENDITURESBUDGETANDACTUALGENERALFLrNDFortheYearEndedDecember312001IIIIiIIIIIIIIIGENERALGOVERNMENTBoardofTrusteesPersonalservicesContractualservicesMaterialandsuppliesTotalBoardofTrusteesSpecialboardContractualservicesMaterialandsuppliesCapitaloutlayTotalspecialboardLegalContractualservicesMaterialandsuppliesTotallegalEmergencyServiceDisasterAgencyContractualservicesMaterialandsuppliesOtherTotalemergencyservicedisasteragencyVillageManagerPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayLesstransfertoCapitalEquipmentReplacementFundTotalVillageManagerThisscheduleiscontinuedonthefollowingpages60BudgetActual90009225126220204473000156013822031232266995165021200016754000002177566899518847131800030148937005625321700307i1455004614242018415005438420699841569836537997690623593610426711515119934500400953301344800774007400525613440607
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFDETAILEDEXPENDITURESBUDGETANDACTUALContinuedGENERALFUNDFortheYearEndedDecember312001IIIiGENERALGOVERNMENTContinuedFinancePersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayTotalfinanceInformationSystemsManagementPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayTotalinformationsystemsmanagementMunicipalbuildingandgroundsPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayTotalmunicipalbuildingandgroundsPersonnelandinsurancePersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayFICApaymentsInsuranceTotalpersonnelandinsuranceThisscheduleiscontinuedonthefollowingpages61BudgetActual56045457117912298094760312503594750544331204471973870826112493111007221168521264088001397524800230424750061499417716421228301122980419910026111811500129496000669530000151702767123257367252674230949456744210009001500016983500044845750006224442271425227143030348963057913I1ii1IIIIiIIII
IIIIVILLAGEOFGLENVIEWILLiNOISSCHEDULEOFDETAILEDEXPENDITURESBUDGETANDACTUALContinuedGENERALFUNDFortheYearEndedDecember312001IIIIIIIIIIIIIIIGENERALGOVERNMENTContinuedCableTVdepartmentPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayTotalcableTVdepartmentTOTALGENERALGOVERNMENTPUBLICSAFETYPolicedepartmentPersonalservicesPensionContractualservicesMaterialandsuppliesOtherCapitaloutlayEquipmentrepairandreplacementLesstransfertoCapitalEquipmentReplacementFundTotalpolicedepartmentFiredepartmentPersonalservicesPensionContractualservicesMaterialandsuppliesOtherCapitaloutlayEquipmentrepairandreplacementLesstransfertoCapitalEquipmentReplacementFundTotalfiredepartmentThisscheduleiscontinuedonthefollowingpages62BudetActual5066050257138501096793009079204012102500025201100850967146212860558427463335566329I37361000398620397966363837184050168697300004305757817571086039935881527968382794860837369337369375946897574915598584266705851150002262961113838594066170274147849600040292505051376864628244546178104283823512827221127221078320727962918
VILLAGEOFGLENVIEWILLiNOISSCHEDULEOFDETAILEDEXPENDITURESBUDGETANDACTUALContinuedGENERALFUNDFortheYearEndedDecember312001iIIiPUBLICSAFETYContinuedPrintingContractualservicesMaterialandsuppliesTotalprintingTOTALPUBLICSAFETYHIGHWAYSANDSTREETSDevelopmentandpublicserviceGeneralPersonalservicesContractualservicesMaterialandsuppliesOtherLesstransfertoCapitalEquipmentReplacementFundTotalgeneralPlanningandzoningPersonalservicesContractualservicesMaterialandsuppliesTotalplanningandzoningEngineeringPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayLesstransfertoCapitalEquipmentReplacementFundTotalengineeringBudgetActual22200150804025031606624504668615489211155845193028453167452200526872130015946419643833256935164942004200328369347449135120145828177302231128150074831392237770483249772972423250516478200504448521491986509131188356133330033300879818802313Thisscheduleiscontinuedonthefollowingpages63
IiIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFDETAILEDEXPENDITURESBUDGETANDACTUALContinuedGENERALFUNDFortheYearEndedDecember312001IIIIIIIIIIIIIIIHIGHWAYSANDSTREETSContinuedDevelopmentandpublicserviceContinuedPublichealthPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayLesstransfertoCapitalEquipmentReplacementFundTotalpublichealthBuildinginspectionPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayLesstransfertoCapitalEquipmentReplacementFundTotalbuildinginspectionTotaldevelopmentandpublicservicePublicworksAdministrationPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotaladministrationThisscheduleiscontinuedonthefollowingpages64BudgetActual207649207908982550598200604411176135404004002372502329517200720023005022575181560579199655865451447500116813151966590300009404899154112490024900915589890511266774826437283247462626222490039899560073853500655358746310561
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFDETAILEDEXPENDITURESBUDGETANDACTUALContinuedGENERALFUNDFortheYearEndedDecember312001IHIGHWAYSANDSTREETSContinuedPublicworksContinuedOverheadPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayEquipmentrepairandreplacementLesstransfertoCapitalEquipmentReplacementFundTotaloverheadStreetmaintenancePersonalservicesMaterialandsuppliesCapitaloutlayTotalstreetmaintenanceTrafficPersonalservicesContractualservicesMaterialandsuppliesTotaltrafficStormwatermanagementPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotalstormwatermanagementThisscheduleiscontinuedonthefollowingpage65BudgetActual6307248084741161981275273970035887600031182900018694743015672317156463716660173390273390271225610132699020736628594449500376479450110026631632469199301104096268300166731106350284004739512992278679412919392701482628325316302500832126889176481IIIIIIiIIIIIIII
IIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFDETAILEDEXPENq3ITURESBUDGETANDACTUALContinuedGENERALFUNDFortheYearEndedDecember312001IIIHIGHWAYSANDSTREETSContinuedPublicworksContinuedSnowandicecontrolPersonalservicesContractualservicesMaterialandsuppliesBudgetActual24274116409510001000131300152685IIIIIITotalsnowandicecontrolForestryPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotalforestryGroundsPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotalgrounds375041317780225042308148702013683870011353466046602454223378448387761165111000700243140023930280030992290771582183301052325179259688005895520IITotalpublicworksTOTALHIGHWAYSANDSTREETSISeeindependentauditorsreport66
IIIIIIIIIIIIIIIiIISPECIALREVENUEFUNDSIllinoisMunicipalRetirementFundTheIllinoisMunicipalRetirementFundisusedtoaccountfortherevenuesandexpendituresassociatedwithprovidingdisabilityandpensionbenefitsforGlenviewemployeesThisfundalsoprovidestheemployerwithaportionofFICAcontributionsMotorFuelTaxFundTheMotorFuelTaxFundisusedtoaccountfortheactivitiesinvolvedwithstreetmaintenanceandconstructionFinancingisprovidedbytheVillagesshareofstategasolinetaxesStatelawrequiresthesegasolinetaxestobeusedtomaintainstreetsRefuseandRecyclingFundTheRefuseandRecyclingFundisusedtoaccountforthefinancialactivityofthecommunitywiderecyclingprogramTheprogramisdesignedtolicenseandmonitorprimescavengerservicesoperatingintheresidentialareasoftheVillageTheiractivitieswillmainlybeinvolvedwiththecollectionanddispositionofrecyclableitems911CommunicationsFundThe911CommunicationsFundisusedtoaccountfortheactivityothe911emergencyservicesystemFinancialactivitybeganin1990andthesystembecameoperationalin1992GNASRedevelopmentFundTheGNASRedevelopmentFundisusedtoaccountfortheresourcesandexpendituresincurredinthedevelopmentoftheGlenviewNavalAirBaselandGNASCaretakerFundTheGNASCaretakerFundisusedtoaccountfortheresourcesandexpendituresrelatedtotheVillagescustodialarrangementwiththeUSNavyregardingcaretakingoftheGlenviewNavalAirBaseSpecialTaxAllocationFundTheSpecialTaxAllocationFundisusedtoaccountfortheincrementalpropertytaxrevenuethatisgeneratedthroughthegrowthoftheassessedvaluationattheGNAS
VILLAGEOFGLENVIEWILLINOISCOMBININGBALANCESHEETSPECIALREVENUEFUNDSDecember312001withcomparativetotalsfor2000ASSETSCashInvestmentsReceivablesPropertytaxesOtherDuefromothergovernmentsDuefromotherfundsPrepaiditemsTOTALASSETSLIABILITIESANDFUNDBALANCESLIABILITIESAccountspayableOtherpayablesBankoverdraftDuetootherfundsDeferredpropertytaxesTotalliabilitiesFUNDBALANCESReservedforprepaiditemsUnreservedundesignatedTotalfundbalancesTOTALLIABILITIESANDFUNDBALANCESIllinoisRefuseMunicipalMotorandRetirementFuelTaxRecycling29269114137810774600001424007485437712139768814036397470621182517166606720593280444744854375971169328014036337759021182514830173775902118251623380974706211825171666067IIIIIIIIIIIIIIIIIII
IIIIII911CommuniGNASGNAScationsRedevelopmentCaretakerSpecialTaxAllocationTotals20012000IIII2020418479200000679026770205966167164517195150622084007164538748543750485414588510302897688924972059664502873140363547254699432059661524916771636110657418426IIII10675134840170016476016266080254948173951961319902050520505627250721134442693784854375048541322420979017508810884985172302140363547254567193824159839167162382204219139945671938241598391671625225672246124I469943205966152491671636110657418426IISeeaccompanyingnotestofinancialstatements68
VILLAGEOFGLENVIEWILLINOISCOMBININGSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCESSPECIALREVENUEFUNDSFortheYearEndedDecember312001withcomparativetotalsfor2000IIIIREVENUESTaxesIntergovernmentalChargesforservicesInvestmentincomeMiscellaneousTotalrevenuesEXPENDITURESCurrentGeneralgovernmentPublicsafetyHighwayandstreetsPensionTotalexpendituresEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFINANCINGSOURCESUSESOperatingtransfersinOperatingtransfersoutOperatingtransfersincomponentunitTotalotherfinancingsourcesusesEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSESFUNDBALANCEJANUARY1FUNDBALANCEDEFICITDECEMBER3169IllinoisRefuseMunicipalMotorandRetirementFuelTaxRecycling53827011315331096490139824161653788059663284811356941161868937371806182806182937371173334113569422449717680011307951446003214001130795148066489922449722952420692613988833775902118251623380IIIIIIIIIIIIIII
IIII911CommuniGNASGNASSpecialTaxcationsRedevelopmentCaretakerAllocationTotals2001200045721299548278486411315331405075486575158306514582011559353914383310062991003181282408598795021682351143458045389311737990222351537669539730606468905350960792950172950172690962824988061828330072950172351537669539730606579025264806802071512349186669396272561I897135268165824110006103001382530017023400224609721483277025010555013539500149944221814792614460013662214832723407505047502858002I735784449668III58824843616464613239276443176801039789546124807347722461244781144567193182415918391671625221567212461124ISeeaccompanyingnotestofinancialstatements70
VILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESiNFUNDBALANCEBUDGETANDACTUALILLINOISMUNICIPALRETIREMENTFUNDFortheYearEndedDecember312001IIIITaxesPropertytaxescurrentPropertytaxespriorReplacementtaxesInvestmentincomeMiscellaneousTotalrevenuesEXPENDITURESPensionContractualservicesTotalexpendituresEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFINANCINGSOURCESUSESOperatingtransfersin911CommunicationsFundWaterworksFundWholesaleWaterFundNorthMaineWaterFundGNASCaretakerFundGNASRedevelopmentFundSewerageFundComponentunitLibraryFundTotalotherfinancingsourcesusesEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSESFUNDBALANCEJANUARY1FUNDBALANCEDECEMBER31BudgetActual5200005005105967674I2000020000400013982I80596544500632848I838000806182I838000806182I2935001733341050010500I6500065000125012502820028200I300002100038853388501200012000I144601144600330404321400II36904148066I229524377590IISeeaccompanyingnotestofinancialstatements71
IIIIIIIIIIIIIIIIIIIVILLAGEOFGLENVIEWILLiNOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCEBUDGETANDACTUALMOTORFUELTAXFUNDFortheYearEndedDecember312001REVENUESIntergovenunentalAllotmentsInvestmentincomeTotalrevenuesEXPENDITURESEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFiNANCINGSOURCESUSESOperatingtransfersoutCapitalProjectsFundEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSESFUNDBALANCEJANUARY1FUNDBALANCEDECEMBER31BudgetActual112000011315331125041611131250113569411312501135694113080011307954504899206926211825Seeaccompanyingnotestofinancialstatements72
VILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCEBUDGETANDACTUALREFUSEANDRECYCLINGFUNDFortheYearEndedDecember312001REVENUESChargesforservicesInvestmentincomeTotalrevenuesEXPENDITURESGeneralgovernmentContractualservicesMaterialsandsuppliesOtherTotalexpendituresEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESFUNDBALANCEJANUARY1FUNDBALANCEDECEMBER31BudgetActual10881251096490275006537811156251161868400076000326089342759047631014275937371101350224497139888311623380Seeaccompanyingnotestofinancialstatements73IiIiII1IIIIIIIIIIII
IIIIVILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCEBUDGETANDACTUAL911COMMUNICATIONSFUNDFortheYearEndedDecember312001IIIIiIIIIIIIIIIBudgetActualREVENUESChargesforservicesInvestmentincome355000486575850015593Totalrevenues363500502168EXPENDITURESPublicsafetyPersonalservicesContractualservicesMaterialsandsuppliesOtherCapitaloutlay1534791577751204001054632350135022948299996000430Totalexpenditures30517729501758323207151EXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFINANCINGSOURCESUSESOperatingtransfersoutIllinoisMunicipalRetirementFundCapitalProjectFundCapitalEquipmentReplacementFund1050010500995173831438310Totalotherfinancingsourcesuses48814148327EXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSES950958824FUNDBALANCEJANUARYI397895FUNDBALANCEDECEMBER31456719Seeaccompanyingnotestofinancialstatements74
VILLAGEOFGLENVIEWILLiNOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESiNFUNDBALANCEBUDGETANDACTUALGNASREDEVELOPMENTFUNDFortheYearEndedDecember312001REVENUESInvestmentincomeMiscellaneousTotalrevenuesEXPENDITURESEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFINANCINGSOURCESUSESOperatingtransfersinSpecialTaxAllocationFundOperatingtransfersoutGeneralFundCapitalEquipmentReplacementFundIllinoisMunicipalRetirementFundTotalotherfinancingsourcesusesEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFiNANCINGUSESFUNDBALANCEJANUARY1FUNDBALANCEDEFICITDECEMBER31BudgetActual100539181210023515215854235153752157542349186267500024110002000200029400294003885338850260474723407502611007843646123824Seeaccompanyingnotestofinancialstatements75IIIiIIIIiIIIIIIIIII
IIIIIIIIIIiIIIIIIIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFEXPENDITURESBUDGETANDACTUALGNASREDEVELOPMENTFUNDADMINISTRATIONDEPARTMENTFortheYearEndedDecember312001GENERALGOVERNMENTAdministrationPersonalserviceContractualservicesMaterialandsuppliesOtherchargesCapitaloutlayLesstransfertoCapitalEquipmentReplacementFundTOTALEXPENDITURESBudgetActualSeeindependentauditorsreport7656052155736716340951303981428803765437513147352610000840926226272380937294002940052158542351537
VILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGES1NFUNDBALANCEBUDGETANDACTUALGNASCARETAKERFUNDFortheYearEndedDecember312001InvestmentincomeEXPENDITURESGeneralgovernmentEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFINANCINGSOURCESUSESOperatingtransfersinSpecialTaxAllocationFundOperatingtransfersoutGeneralFundCapitalEquipmentReplacementFundIllinoisMunicipalRetirementFundTotalotherfinancingsourcesusesEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSESFUNDBALANCEJANUARY1FUNDBALANCEDEFICITDECEMBER31BudgetActual10014318194766695391819376669396200000061030020002000825508255030000210001885450504750660741646464807159839Seeaccompanyingnotestofinancialstatements77IIIIIiIIIIIIIIIIIII
IIIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFEXPENDITURESBUDGETANDACTUALGNASCARETAKERFUNDFortheYearEndedDecember312001IIIIIIIIIIIIIIGENERALGOVERNMENTOverheadPersonalserviceContractualservicesMaterialandsuppliesOtherchargesLesstransfertoCapitalEquipmentReplacementFundTotaloverheadStreetmaintenancePersonalserviceContractualservicesMaterialandsuppliesTotalstreetmaintenanceTrafficPersonalserviceContractualservicesMaterialandsuppliesCapitaloutlayTotaltrafficStormwatermanagementPersonalserviceContractualservicesMaterialandsuppliesTotalstormwatermanagementThisscheduleiscontinuedonthefollowingpages78BudgetActual170001211829000338475001847196050112086249550129435825508255016700046885170001945724376500364175004419717000937178000188361100014586000016600029665175002460370001158312300101193680046305
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFEXPENDITURESBUDGETANDACTUALContinuedGNASCARETAKERFUNDFortheYearEndedDecember312001IIIIGENERALGOVERNMENTContinuedSnowandicecontrolPersonalserviceMaterialandsuppliesCapitaloutlayTotalsnowandicecontrolBudgetActual1700013518120005200342001351817500503817003083800281123000815717500860016760073210293500224147860084051126234335082512002319422000076302004276342655263373424277136000932913000142018273435026ForestryPersonalserviceContractualservicesMaterialandsuppliesTotalforestryGroundsPersonalserviceContractualservicesMaterialandsuppliesTotalgroundsGreatparkmaintenancePersonalserviceContractualservicesMaterialandsuppliesCapitaloutlayTotalgreatparkmaintenanceLakemanagementPersonalserviceContractualservicesMaterialandsuppliesTotallakemanagementThisscheduleiscontinuedonthefollowingpage79IIIIIIIIIIIIIII
IIIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFEXPENDITURESBUDGETANDACTUALContinuedGNASCARETAKERFUNDFortheYearEndedDecember312001IIIIIIIIIIIIIIIGENERALGOVERNMENTContinuedPrairiemanagementPersonalserviceContractualservicesMaterialandsuppliesTotalprairiemanagementChapelmaintenancePersonalserviceContractualservicesMaterialandsuppliesTotalchapelmaintenanceWaterdistributionsystemPersonalserviceContractualservicesMaterialandsuppliesTotalwaterdistributionsystemSanitarysewersystemPersonalserviceContractualservicesMaterialandsuppliesTotalsanitarysewersystemTOTALEXPENDITURESSeeindependentauditorsreport80BudgetActual21558269725001042480009091020581160217000965900321750005608790037861750039758372502415880018558635505590127500234421000400014783250024920181914766691539
VILLAGEOFGLENVIEWILLiNOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCEBUDGETANDACTUALSPECIALTAXALLOCATIONFUNDFortheYearEndedDecember312001BudgetActualREVENUESTaxesPropertytaxescurrentInvestmentincomeTotalrevenuesEXPENDITURES3500004572128333500004580452000000730606EXCESSDEFICIENCYOFREVENUESOVEREXPENDITURES1650000272561OTHERFiNANCINGSOURCESUSESOperatingtransfersinGlenLandSalesOperatingtransfersoutGNASRedevelopmentFundGNASCaretakerFundGNASBondFundCorporatePurposeBondSeriesof1996TotalotherfinancingsourcesusesEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSESFUNDBALANCEJANUARYIFUNDBALANCEDECEMBER31491950001382530026750002OOOOOO437750001069500324500197450024110006103009448700106950028580013239347716716Seeaccompanyingnotestofinancialstatements81IIIIiIIIiIIIIIIIIII
IIIIIIIIIIIIIiIIDEBTSERVICEFUNDSCorporatePurposeBondSeriesof1993Thisissueintheamount07635000wassoldtofinancevariouscapitalprojectsthroughouttheGovernmentincludingbutnotlimitedtothepublicworksgaragevarioasstreetprojectsandcapitalpurchasesCorporatePurposeBondSeriesof1994Thisissueintheamountof8040000wassoldtopartiallyrefundboththeCorporatePurposeBondSeriesof1989andtheCorporatePurposeBondSeriesof1990CorporatePurposeBondSeriesof1996Thisissueintheamountof8435000wassoldtofinanceGeneralObligationBondAnticipationBondsthatmaturedin1996CorporatePurposeBondSeriesof1998Theseissuesintheamountsors10000000ofSeriesAand24400000ofSeriesBweresoldtofinancethedevelopmentoftheGlenviewNavalAirBaseCorporatePurposeBondSeriesof2000Thisissueintheamountof4970000wassoldtofinancevariouscapitalimprovementsthroughouttheVillageCorporatePurposeBondSeriesof2001Thisissueintheamountof41800000wassoldtofinancethedevelopmentofthefonnerGlenviewNavalAirStation
VILLAGEOFGLENVIEWILLINOISCOMBININGSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCESBUDGETANDACTUALDEBTSERVICEFLrNDSFortheYearEndedDecember312001withcomparativetotalsfor2000IiIIREVENUESTaxesPropertytaxesReplacementtaxesInvestmentincomeEXPENDITURESPrincipalretirementInterestandfiscalchargesTotalexpendituresEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFINANCINGSOURCESUSESOperatingtransfersinGeneralFundWaterworksFundSewerageFundGlenLandSalesSpecialTaxAllocationFundTotalotherfinancingsourcesusesEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSESFUNDBALANCESDEFICITJANUARYIFUNDBALANCESDECEMBER3184CorporatePurposeBondSeriesof1993CorporatePurposeBondSeriesof1994BudgetActualBudgetActual9384769332058100338084129300930015500299953600047943963276972500846033856355700000700000115500011550002396762390751767401767409396769390751331740133174023600334254857074753854378814378818262782627520508520508S23600334253480123536045123551839268785596962IIIIIIIIIiIII
IIIIICorporatePurposeCorporatePurposeCorporatePurposeTotalsBondSeriesof1996BondSeriesof1998BondFundSeriesof200020012000BudgetActualBudgetActualBudgetActualBudgetActualActualI17485091741617192354893009300930051O017108505O0517786521071O01474762759045100171085050051778652186490918983932208752735000735000259000025900002690000335618335018150166415004642120052037942465703245509123798811070618107001815016641500464212005203794505570350450915069881IIIII1065518105291014511641448686212005203142319079431466982861129210805210805106950010695001069500210805210805437881437881457948826278262710951110730001069500I10695001069500210805210805180081318008131640459iIIIII39821659014511641448686120076631389981134588512206703294616118998002431244365191449536163213686310853592431244Seeaccompanyingnotestofinancialstatements85
CAPITALPROJECTSFUNDSCapitalEquipmentReplacementFundTheCapitalEquipmentReplacementFundisusedtoaccountforthefundsannuallysetasidefortheeventualreplacementofcertaincapitalequipmentCapitalProjectsFundTheCapitalProjectsFundisusedtoaccountforrevenuesandexpendituresinvolvedwithallothercapitalimprovementsthroughouttheVillageVillagePermanentFundThisfundisusedtoaccumulate20ofthelandsalesproceedsoftheGlenviewNavalAirBaseforvillagewideimprovementsaswellasshorttermliquiditytotheVillagesTIFprojectsencompassingTheGlenBondFundSeries1993TheBondFundSeries1993isusedtoaccountfortheproceedsreceivedfromtheCorporatePurposeBondSeriesof1993GNASBondFundSeries1995ThisfundisusedtoaccountforvariousdevelopmentandotherprojectsrelatedtotheGlenviewNavalAirBaseandfinancedwiththeGeneralObligationBondAnticipationBondSeriesof1995GlenLandSalesFundThisfundisusedtoaccountforgrantfundslandsalesandpropertytaxrevenuesviatheTaxIncrementFinanceDistrictrelatedtotheGlenviewNavalAirBase2000ProjectFundThisfundisusedtoaccountforthefundsderivedfromthe2000GeneralObligationBondIssue2001ProjectFundThisfundisusedtoaccountforthefundsderivedfromthe2001GeneralObligationBondissue
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VILLAGEOFGLENVIEWILLINOISSCHEDULEOFDETAILEDEXPENDITURESBUDGETANDACTUALGNASBONDFUNDSERIES1995FortheYearEndedDecember312001BudgetActualPROJECTCOSTSVillageofGlenviewDevelopmentDepartmentfees1000000Runwaypavementdemolition20000016279Propertysurveysplatsjurisdictionmaps3446642964Lakeconsauction1173548143084Roadwayengineeringdesignandconstructonmanagement15500001770963Memorialrestoration368155175886WillowPatriotBoulevardintersection899545299337PatriotBoulevardChestnuttoEastLake131722ChestnutLehightoPatriotBoulevard93177StreetlightingandtrafficsignalsexceptLehigh37081941593412SCADAsystem550000206440Prairieandwetlandmanagementandmitigation1624155339895Lakeoutlet15354930845PatriotBoulevardWillowtoWestLake1283753538190Roadwaymediansandparkwaylandscaping3638674604277WestLakeWestGatetoPatriotBoulevard525000554930PatriotBoulevardWestLaketoChestnut592420128362LehighAvenueroadways2500000WestLakeLehighAvenuetoPatriotBoulevard1021751302252ChestnutPatriotBoulevardtogolfcourse400000ShermerOldWillowRoadtoWestLake771084700498LehighAvenuelighting775500115909LehighAvenuetrafficsignal600000LehighAvenuestormwaterdrainage3000000ChestnutEastGatetoLehigh300000Westsideengineeringandconstructionmanagement5000038467Laramiepumpingstationengineeringandconstructionmanagement10000520Rugenreserviorengineeringandconstructionmanagement55000074308AandBEastsideengineeringandconstructionmanagement495582109293Westsidereservoirandpumphouseconstruction500000496909Laramiepumphouseconstruction2668024312Rugenreservoirandpumphouseconstruction4000000AandBEastsideconstruction55000003786Watersystemanalysis250008442Watersourceimprovements4000000775307Thisscheduleiscontinuedonthefollowingpage93IIIIII1IIIIt1II1II
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VILLAGE OF GLENVIEW ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES BUDGET
AND ACTUAL Continued GNAS
BOND FUND SERIES 1995 For
the Year Ended December 31 2001 PROJECT
COSTS 36
transmission Westgate to Westside engineering and construction
management 36
transmission line Westgate to Westside construction Utility
allowance Stormwater
design Building
demolition Other
demolition Environmental
demolition and restoration Miscellaneous
restoration Potable
water construction work Stormwater
piping construction Sanitary
sewer construction Metra
station design and construction Metra
stationparking lots Gallery
park landscaping and amenities Gallery
park planning Public
works campus fence East
Lake Avenue sidewalk Snow
dumping area Glenview
Park District Park Center Building modifications Land
purchase easements Construction
fence silt fence
The Glen Fire Station project
Public works campus improvement
Bike paths ali West Lake
Avenue Sidewalks on Willow and
Shermer
Contingency TOTAL
EXPENDITURES See independentauditor s
report 94 Budget
Actual 90
000 79 884
1 200
000 938
608
3
087 457
440 341
60 000
650 000
176 000
21 655
2
811 500
2 286
045 500
000
11
054 1
182 262
611 528
2 658
513
1
139 416
976
842
444 367 300
0001255100118166675000380863750000619015552250000150000523210175910167909149678817500250001710920000002500001500001014725000017118087018413519359667
IIIIIIIIIIIIIIIiIIIENTERPRISEFUNDSWaterworksFundTheWaterworksFundisusedtoaccountfortheprovisionowaterservicetotheresidentsofGlenviewAllactivitynecessarytoprovidesuchservicesisaccountedforinthisfundincludingbutnotlimitedtoadministrationDirectorofPublicWorksoperationmaintenancefinancingandrelateddebtserviceandbillingandcollectionWholesaleWaterFundTheWholesaleWaterFundisusedtoaccountfortheprovisionofwaterservicetotheIllinoisAmericanWaterCompanyenablingtheprivateutilitytoreceiveLakeMichiganwaterNorthMaineWaterandSewerFundTheNorthMaineWaterandSewerFundisusedtoaccountforallfinancialactivityrelatedtotheVillageprovidingwaterandsewerservicetoanunincorporatedareasouthwestoftheVillageThisareawasformerlyservedbytheNorthSuburbanPublicUtilitiesCompanySewerageFundTheSewerageFundisusedtoaccountforthefundsnecessarytoprovidesanitarysewerservicetobothincorporatedandunincorporatedVillageofGlenviewcustomersCommuterParkingLotFundTheCommuterParkingLotFundaccountsfortheactivityinvolvedwithbutnotlimitedtotheadministrationFinanceDirectorsaleofpermitsandmaintenanceofthecommuterparkingfacilitieswithintheVillage
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VILLAGEOFGLENVIEWILLINOISCOMBiNINGSCHEDULEOFCHANGESINCONTRIBUTEDCAPITALENTERPRISEFUNDSFortheYearEndedDecember312001withcomparativetotalsfor2000INCREASESContributionofcapitalDECREASESNoneNETINCREASEDECREASECONTRIBUTEDCAPITALJANUARY1RESTATEDCONTRIBUTEDCAPITALDECEMBER31TotalsWaterworksSewerage20012000135410824489815990061290I4413541082448981599006129014429447981822589476738734772434298906206748763663934767387Seeindependentauditorsreport99tIIIIIiIIIIIIIiIIII
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VILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSBUDGETANDACTUALWATERWORKSFUNDFortheYearEndedDecember312001IIIIOPERATINGREVENUESChargesforservicesWaterchargesWatermeterrepairchargesWaterconnectionchargesWatermetersandremotereadersMiscellaneousLatepaymentfeesBrassfittingsWaterforconstructionTurnonchargeRecaptureagreementsOtherTotaloperatingrevenuesOPERATINGEXPENSESEXCLUDINGDEPRECIATIONAdministrationOperationsSupplyandmeteringPumpingstationeastPumpingstationwestDistributionsystemOverheadTotaloperatingexpensesexcludingdepreciationOPERATINGINCOMEBEFOREDEPRECIATIONDEPRECIATIONOPERATINGINCOMENONOPERATINGREVENUESGainonsaleInvestmentincomeINCOMEBEFOREOPERATINGTRANSFERSBudgetActual69080006340364810100000232152500002105046000070009100003916020000337645000659510000116721500135307164500695856022840821946328328512734432296178188638189631155006727010825356774363424573504844145474682116059241109257849021160591832602162339250012975622085591978591Thisstatementiscontinuedonthefollowingpage102IIIIiItIIIIIII
IIVILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSBUDGETANDACTUALContinuedWATERWORKSFUNDFortheYearEndedDecember31200IIiIIIIIIIIIIIIIOPERATINGTRANSFERSINOUTGeneralFundWholesaleWaterFundIllinoisMunicipalRetirementFundNorthMaineWaterSewerFundCorporatePurposeBonds1994FundCapitalProjectsFundTotaloperatingtransfersinoutNETINCOMERETAINEDEARNINGSJANUARY1RETAINEDEARNINGSDECEMBER31Seeaccompanyingnotestofinancialstatements103BudgetActual493700493710300003000065000650002000020000437881437881112000021265811006591819789720001666696817638968
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFOPERATINGEXPENSESBUDGETANDACTUALWATERWORKSFUNDFortheYearEndedDecember312001ADMINISTRATIONContractualservicesMaterialsandsuppliesOtherTotaladministrationOPERATIONSSupplyandmeteringPersonalservicesContractualservicesWaterpurchaseMaterialsandsuppliesTotalsupplyandmeteringPumpingstationeastPersonalservicesContractualservicesMaterialsandsuppliesCapitaloutlayTotalpumpingstationeastPumpingstationwestPersonalservicesContractualservicesMaterialsandsuppliesTotalpumpingstationwestDistributionsystemPersonalservicesContractualservicesMaterialsandsuppliesCapitaloutlayTotaldistributionsystemThisscheduleiscontinuedonthefollowingpage104BudgetActual19800192231500207108200240228408219463131951909197020050623257500025403915570052499283285127344326987868096175700106710121006452385007380296178188638284816145715040085308107508241189631I550064444104629901388002002311015001511994230010936727010825356lIIIIIIIIIIIIIIIIII
IIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFOPERATINGEXPENSESBUDGETANDACTUALContinuedWATERWORKSFUNDFortheYearEndedDecember312001IIIIIIIIIIIIIIIOPERATIONSContinuedOverheadPersonalservicesContractualservicesMaterialsandsuppliesOtherCapitaloutlayLessnonoperatingexpensesFixedassetscapitalizedTotaloverheadTOTALOPERATINGEXPENSESEXCLUDINGDEPRECIATIONSeeindependentauditorsreport105BudgetActual26855725128857200262652113021636260872103959115790010127211765659141586999129699129677436342457350484414547468
IIIIVILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSBUDGETANDACTUALWHOLESALEWATERFUNDFortheYearEndedDecember3i2001IIIIIIIIIIIIIIOPERATINGREVENUESWatersalesOPERATINGEXPENSESEXCLUDINGDEPRECIATIONOperationsSupplyandmeteringPumpingstationDistributionsystemTotaloperatingexpensesOPERATINGINCOMEBEFOREDEPRECIATIONDEPRECIATIONOPERATINGINCOMENONOPERATINGREVENUESEXPENSESInvestmentincomeInterestexpenseTotalnonoperatingrevenuesexpensesINCOMEBEFOREOPERATINGTRANSFERSOPERATINGTRANSFERSINWaterworksFundTotaloperatingtransferinOPERATINGTRANSFERSOUTCapitalProjectsFundIllinoisMunicipalRetirementFundGeneralFundTotaloperatingtransfersoutNETINCOMELOSSRETAINEDEARNINGSJANUARY1RETAINEDEARNINGSDECEMBER31Seeaccompanyingnotestofinancialstatements107BudgetActual140000013874088200948175985936479479500015001884458912078515542475330628155155424125154150035347140444140861989441055144165983070013000030000300003000040000040000012501250lO5OO0lO50oo50625050625059652169249733552564303
VILLAGEOFGLENVIEWILLiNOISSCHEDULEOFOPERATINGEXPENSESBUDGETANDACTUALWHOLESALEWATERFUNDFortheYearEndedDecember312001OPERATIONSSupplyandmeteringContractualservicesMaterialandsuppliesOtherTotalsupplyandmeteringPumpingstationPersonalservicesContractualservicesMaterialandsuppliesTotalpumpingstationDistributionsystemPersonalservicesContractualservicesBondprincipalLessnonoperatingexpensesTotaldistributionsystemTOTALOPERATINGEXPENSESEXCLUDiNGDEPRECIATIONBudgetActualSeeindependentauditorsreport1088112108094515004198384772882009481759816414267864195052647100046593647947920001864300013137125000125000130000140001125000125000500015001884458912078IIIIIIIIIIIIIIIII
VILLAGEOFGLENWIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSBUDGETANDACTUALNORTHMAINEWATERANDSEWERFUNDFortheYearEndedDecember312001IIIOPERATINGREVENUESChargesforservicesWaterchargesSewerchargesMiscellaneousNewwatermetersLatepaymentfeesTurnonchargeOtherTotaloperatingrevenuesOPERATINGEXPENSESEXCLUDINGDEPRECIATIONAdministrationOperationsSupplyandmeteringPumpingstationDistributionsystemCollectionsystemTotaloperatingexpensesOPERATINGINCOMEBEFOREDEPRECIATIONDEPRECIATIONANDAMORTIZATIONOPERATINGINCOMENONOPERATINGREVENUESEXPENSESInvestmentincomeInterestexpenseTotalnonoperatingrevenuesexpensesINCOMEBEFOREOPERATINGTRANSFERSBudgetAcal510000051899853500003254325003133350006516220004424548750055881365004313438823736476358828874I15553554530641801141192553227548833414199914604159138822228225560415911059673000041929408281407701378281365772225878740195Thisstatementiscontinuedonthefollowingpage110IIIIIIIIIIIIIII
IIIIVILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSBUDGETANDACTUALContinuedNORTHMAINEWATERANDSEWERFUNDFortheYearEndedDecember312001IIIIIIIIIIIiIIIOPERATINGTRANSFERSOUTGeneralFundWaterworksFundCapitalProjectsFundIllinoisMunicipalRetirementFundTotaloperatingtransfersoutNETINCOMELOSSRETAINEDEARNINGSJANUARY1RETAINEDEARNINGSDECEMBER31Seeaccompanyingnotestofinancialstatements111BudgetActual307500307500200002000023700023700028200282005927005927003661822147495421839274344
ADMINISTRATIONPersonalservicesContractualservicesMaterialandsuppliesBondandnoteprincipalOtherLessnonoperatingexpensesBondandnoteprincipalpaidTotaladministrationOPERATIONSSupplyandmeteringPersonalsexMcesContractualservicesMaterialandsuppliesCapitaloutlayTotalsupplyandmeteringPumpingstationPersonalservicesContractualservicesMaterialandsuppliesTotalpumpingstationDistributionsystemPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotaldistributionsystemCollectionsystemPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotalcollectionsystemTOTALOPERATINGEXPENSESEXCLUDINGDEPRECIATIONVILLAGEOFGLENVIEWILLINOISSCHEDULEOFOPERATINGEXPENSESBUDGETANDACTUALNORTHMAINEWATERANDSEWERFUNDFortheYearEndedDecember312001Actu12457811597210992592209675046112150002150002591781310907154315588822150002150005004313438829407687932338240033465311000030172500001508083736476358828824415179334760035372210020507411555355107164942128550058895549002212120550048864530641801142970576983050059989050282950000157501192553227548833414199914Seeindependentauditorsrepo112IIIIIIIIIIIIIIIiIII
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VILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSBUDGETANDACTUALSEWERAGEFUNDFortheYearEndedDecember312001IIiIOPERATINGREVENUESChargesforservicesSewerchargesSewerconnectionchargesLatepaymentfeesTotaloperatingrevenuesOPERATINGEXPENSESEXCLUDINGDEPRECIATIONAdministrationOperationsPumpingstationCollectionTotaloperatingexpensesOPERATiNGINCOMEBEFOREDEPRECIATIONDEPRECIATIONOPE1LATINGINCOMENONOPERATINGREVENUESInvestmentincomeINCOMEBEFOREOPERATiNGTRANSFERSOPERATINGTRANSFERSOUTGeneralFundIllinoisMunicipalRetirementFundCapitalProjectsFund1994GODebtServiceFundTotaloperatingtransfersoutNETiNCOMELOSSRETAiNEDEARNINGSJANUARY1RETAiNEDEARNiNGSDECEMBER31Seeaccompanyingnotestofinancialstatements114BudgetActual86648289746775002395011004873982932421174211685904858256935210814186200433607311725440375620696132229440375488467100001103445037549950168495685001200012000510000502500826278262767312266562722274716612637962763630150IIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFOPERATiNGEXPENSESBUDGETANDACTUALSEWERAGEFUNDFortheYearEndedDecember312001ADMINISTRATIONOtherTotaladministrationOPERATIONSPumpingstationGeneralPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotalgeneralHeatherfieldliftstationPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotalHeatherfieldliftstationTotalpumpingstationCollectionsystemPersonalservicesContractualservicesMaterialandsuppliesTotalcollectionsystemTOTALOPERATINGEXPENSESBudgetActual17421168590174211685901120835849980052471200203700365025908447669474635383002146120020370036502267412169485825693515493415044227780155822810020176210814186200433607311725Seeindependentauditorsreport115
IIIIIIIIIiIIIIIIIIIVILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGES1NRETAINEDEARNINGSBUDGETANDACTUALCOMMUTERPARKINGLOTFUNDFortheYearEndedDecember3I2001OPERATINGREVENUESChargesforservicesMeterfeesParkingdecalsMiscellaneousTotaloperatingrevenuesOPERATiNGEXPENSESAdministrationOperationsDepreciationTotaloperatingexpensesOPERATINGINCOMELOSSNONOPERATINGREVENUEInvestmentincomeINCOMELOSSBEFOREOPERATINGTRANSFERSOPERATINGTRANSFERSOUTGeneralFundNETINCOMELOSSRETAINEDEARNINGSJANUARY1RETAINEDEARNINGSDECEMBER31BudgetActual2000051904245000232267625060002712502901711857241644131037995176981322895232243141827365857300063211527372178370003700052127335178240595275773Seeaccompanyingnotestofinancialstatements117
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFOPERATINGEXPENSESBUDGETANDACTUALCOMMUTERPARKINGLOTFUNDFortheYearEndedDecember312001ADMiNISTRATIONPersonalservicesContractualservicesMaterialandsuppliesOtherCapitaloutlayTotaladministrationOPERATIONSPersonalservicesContractualservicesMaterialandsuppliesCapitaloutlayTotaloperationsTOTALOPERATiNGEXPENSESBudgetActualSeeindependentauditorsreport1183127422676134150125540179001449210001000140070518572416441324999217325050027796630022412200010379951769289523216182IIIIIIIIIIIIIIIiII
IIIIIIIIIIIIIIINTERNALSERVICEFUNDSMunicipalEquipmentRepairFundTheMunicipalEquipmentRepairFundisusedtoaccountforthecostsofrepairingandmaintainingallvehiclesoftheVillageThesecostsincludelabormaterialfuelandfixedoverheadoftheVillagesrepairfacilityInsuranceFundTheInsuranceFundisusedtoaccountforthefinancialactivityoftheVillagesentireinsuranceprogramInadditiontoconventionalprimaryinsurancetheVillageisamemberoftheHighLevelExcessLiabilityPoolHELPwhichprovidesexcessliabilitycoverageAlsotheVillageprovideshealthandlifeinsurancebyparticipatingintheIntergovernmentalPersonnelBenefitCooperativeIPBC
VILLAGEOFGLENVIEWILLINOISCOMBININGBALANCESHEETINTERNALSERVICEFUNDSDecember312001withcomparativetotalsfor2000IIIIASSETSCURRENTASSETSCashInvestmentsReceivablesAccountsPrepaidexpensesDuefromotherfundsDepositsTotalcurrentassetsFIXEDASSETSCostAccumulateddepreciationNetfixedassetsTOTALASSETSLIABILITIESANDRETAINEDEARNINGSCURRENTLIABILITIESAccountspayableClaimspayableDeferredrevenueOtherpayablesTotalliabilitiesRETAINEDEARNINGSUNRESERVEDTOTALLIABILITIESANDRETAINEDEARNINGSMunicipalEquipmentRepairTotalsInsurance20012000119311318259437570719602257528925752892873501638024862725500739351981831665151665156000890372890372934800292206403254743247534736021559585595839973997519615196134416741032154741376714473602110975019054128804507470372996372996269622656665668144781447109750480063589813777092234417355248437869013958929344167403254743767144736021Seeaccompanyingnotestofinancialstatements120iIIIIIIIIIII
IIIIII1IiIIi1IIIVILLAGEOFGLENVIEWILLINOISCOMBININGSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSINTERNALSERVICEFUNDSFortheYearEndedDecember312001withcomparativetotalsfor2000OPERATINGREVENUESChargesforservicesInsurancerecoveriesMiscellaneousTotaloperatingrevenuesOPERATINGEXPENSESOperationsDepreciationTotaloperatingexpensesOPERATINGINCOMELOSSNONOPERATINGREVENUESInvestmentincomeNETINCOMELOSSBEFOREOPERATINGTRANSFERSOPERATINGTRANSFERSOUTCapitalEquipmentReplacementFundNETINCOMELOSSRETAINEDEARNINGSJANUARY1RETAINEDEARNINGSDECEMBER31MunicipalEquipmentTotalsRepairnsurance2001200097265531632024135857371286018085180852639779584477720557304330114107032436409224711246406937110526333981502503413542202643997399710566303981502503813242202641369434058032688615089381251597331678581298882181918084715902821005130001300011600881918084717202832605225598373333139589293991534234417355248437869013958929Seeaccompanyingnotestofinancialstatements121
VILLAGEOFGLENVIEWILLINOISCOMBININGSTATEMENTOFCASHFLOWSINTERNALSERVICEFUNDSFortheYearEndedDecember312001withcomparativetotalsfor2000IIICASHFLOWSFROMOPERATINGACTIVITIESOperatingincomelossAdjusWaentstoreconcileoperatingincomelosstonetcashfromoperatingactivitiesDepreciationandamortizationChangesinassetsandliabilitiesAccountsreceivableDepositsDuefromotherfundsPrepaidexpensesAccountspayableClaimspayableDeferredrevenueOtherpayablesDuemotherfundsNetcashfromoperatingactivitiesCASHFLOWSFROMNONCAPITALFINANCINGACTIVITIESOperatingtransferoutCASHFLOWSFROMCAPITALANDRELATEDFINANCINGACTIVITIESFixedassetspurchasedCASHFLOWSFROMINVESTINGACTIVITIESPurchaseofinvestnaentsMaturitiesofinvestmentsInvestmentincomeNetcashfrominvestingactivitiesNETINCREASEDECREASEINCASHANDCASHEQUIVALENTSCASHANDCASHEQUIVALENTSJANUARY1CASHANDCASHEQUIVALENTSDECEMBER31MunicipalEquipmentRepairTotalsInsurance20012000136943405803268861508933997399754222456502510727293444284442831428516051516051599800198183198183198183853038719637866647336810337410337466527656665668144781447250663139716539428679144361534130001300011600559585595875718460278586785042796605985759609749570832546081668125159733167858174044236700229370466070143952802631005828203233553991285628317719602384063119311318259437570719602Seeaccompanyingnotestofinancialstatements122IIit1IIiIIiIIiiI
IIIIIIiIIIIIiIIIIIIVILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSBUDGETANDACTUALMUNICIPALEQUIPMENTREPAIRFUNDFortheYearEndedDecember312001OPERATINGREVENUESChargesforsenicesInsurancerecoveriesMiscellaneousTotaloperatingrevenuesOPERATINGEXPENSESOperationsDepreciationTotaloperatingexpensesOPERATINGiNCOMENONOPERATINGREVENUESInvestmentincomeINCOMEBEFOREOPERATiNGTRANSFERSOPERATINGTRANSFERSOUTCapitalEquipmentReplacementFundNETINCOMERETAINEDEARNiNGSJANUARY1RETAINEDEARNiNGSDECEMBER31BudgetActual1054163972655100001808540000795841104163107032498786610526333997987866105663011629713694450081251207972181913000130001077978819225598234417Seeaccompanyingnotestofinancialstatements123
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFOPERATINGEXPENSESBUDGETANDACTUALMUNICIPALEQUIPMENTREPAIRFUNDFortheYearEndedDecember312001OPERATIONSRegularsalariesOvertimesalariesTemporarysalariesLongevitypayContractualprofessionalservicesDuessubscriptionmembershipMaintenanceofequipmentMaintenanceofbuildingsAccidentrepairsTrainingUniformallowanceFuelMotorvehiclesuppliesCleaningandhouseholdsuppliesMaintenancematerialsequipmentMaintenancematerialsbuildingsSmalltoolsandequipmentEquipmentrepairsMachineryandequipmentLessnonoperatingexpensesFixedassetscapitalizedTOTALOPERATIONSEXPENSEBudgetActualSeeindependentauditorsreport12432000028109313387796995502788446746013500968037259000011706610004475200006767340046368750722721700026133560000692845000314914000016208565007796400025867000066775672338925410438241108591559585595898786611052633iIIIIIiIiIII1IIIIII
VILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENSESANDCHANGESINRETAINEDEARNINGSBUDGETANDACTUALINSURANCEFUNDFortheYearEndedDecember312001OPERATINGREVENUESChargesforservicesFundchargesMiscellaneousInsurancepremiumretireesRetumedpremiumsInsurancerecoveriesOtherTotaloperatingrevenuesOPERATINGEXPENSESOperationsContractualprofessionalservicesHealthandlifeinsuranceDentalinsuranceExcessliabilityUnemploymentbenefitsGeneralinsuranceprogramPTMpolicyPropertycasualtyclaimsWorkerscompensationinsuranceClaimssettlementTotaloperatingexpensesOPERATINGINCOMELOSSNONOPERTINGREVENUESInvestmentincomeNETINCOMELOSSRETAINEDEARNINGSJANUARY1RETAINEDEARNINGSDECEMBER31BudgetActual3116571316320218253522329610202000025272168333191063640922904922648572571132165250121926750007796430000350000322234157101570820000082973213000030772298532308173981502882893405801025001597331907891808473733331315521484Seeaccompanyingnotestofinancialstatements126IIIIIIIItIIIIIiIiI
IIIIIIIIIIIIIIIIIITRUSTANDAGENCYFUNDSExpendableTrustEscrowDepositFundTheEscrowDepositFundisusedtoaccountforthefimdsplacedondepositwiththeVillagebybuildingcontractorsworkingwithintheVillageslimitsInterestearnedonescrowdepositsisannuallytransferredtotheCorporateFundDepositFundTheDepositFundisusedtoaccountformoneyondepositwiththeVillagebeingheldonatemporarybasissuchassecuritydepositsforuseoftheVillagesequipmentPoliceDeparmaentSpecialAccountFundThePoliceDepartmentSpecialAccountFundisusedtoaccountforfundsreceivedfromtheIllinoisStatePoliceofficetobeusedinvarioustypesofinvestigationsPensionTrustPolicePensionFundThePolicePensionFundisusedtoaccountfortheresourcesnecessarytoprovidedisabilityandretirementbenefitstopersonneloftheGlenviewPoliceDepartmentFirefightersPensionFundTheFirefightersPensionFundisusedtoaccountfortheresourcesnecessarytoprovidedisabilityandretirementbenefitstopersonneloftheGlenviewFireDepartmentAgencySpecialServiceAreasFundThisfundaccountsforvariousspecialserviceareabondissuesArbitrageRebateFundThisfundaccountsfortherecordingandpaymentofanyarbitragerebatespayable
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IiiIIIIIIIIIIIIIIiIVILLAGEOFGLENVIEWILLITOISCOMBININGSTATEMENTOFPLANNETASSETSPENSIONTRUSTFUNDSDecember312001ASSETSCashandcashequivalentsInvestmentsatfairvalueUSgovernmentobligationsMunicipalbondsInsurancecontractsMutualfimdsCertificatesofdepositTotalinvestmentsatfairvaluePrepaidexpensesTotalassetsLBITSAccountspayableNETASSETSHELD1NTRUSTFORPENSIONBENEFITSPoliceFirefightersPensionPensionTotals169985171057341042229771243764478260621906496339001349497672662479266247913205993263510458410922005572200557292103924180842671018818170017003400293820774198118371363260170017003400293803774197948371359860Seeaccompanyingnotestofinancialstatements128
VILLAGEOFGLENWIEWILLINOISCOMBININGSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCESEXPENDABLETRUSTFUNDSFortheYearEndedDecember312001withcomparativetotalsfor2000IIIREVENUESFinesandforfeitsInvestmentincomeTotalrevenuesEXPENDITURESPublicsafetyEXCESSDEFICIENCYORREVENUESOVEREXPENDITURESOTHERFINANCINGSOURCESUSESOperatingtransfersoutGeneralFundEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSESFUNDBALANCESJANUARY1FUNDBALANCESDECEMBER31PoliceDepartmentEscrowSpecialDepositDepositAccountTotals20012000104191723517299455180105226099172351729945518010523651832321723517299423180073236518172351172351190994729942377224552414916146407256652212331757091491161537062608822819552211233Seeaccompanyingnotestofinancialstatements129ItiIIIIIIIiI1iI
IIIIIIIIIIIIIIIIIIVILLAGEOFGLENVIEWILLINOISCOMBININGSTATEMENTOFCHANGESINPLANNETASSETSPENSIONTRUSTFUNDSFortheYearEndedDecember312001ADDITIONSContributionsemployerContributionsplanmembersTotalcontributionsInvestmentincomeNetappreciationinfairvalueofinvestmentsInterestearnedoninvestmentsTotalinvestmentincomeTotaladditionsDEDUCTIONSPensionsandrefundsMiscellaneousContractualprofessionalservicesTotaldeductionsNETINCREASENETASSETSHELDINTRUSTFORPENSIONBENEFITSJanuary1December31PoliceFirefightersPensionPensionTotal3883102572246455344498164120558618718381266692791507405395778206491424606923879540747044626543457324723842906957127269931416634414362104083613201372360973866189321759310494971329069237856622320218125942035796291571754016688969324064293803774197948371359860Seeaccompanyingnotestofinancialstatements130
VILLAGEOFGLENVIEWILLINOISSTATEMENTOFCHANGES1NPLANNETASSETSBUDGETANDACTUALPOLICEPENSIONFUNDFortheYearEndedDecember312001ADDITIONSContributionsemployerContributionsemployeesTotalcontributionsInvestmentincomeNetappreciationinfairvalueofinvestmentsInterestearnedoninvestmentsTotalinvestmentincomeTotaladditionsDEDUCTIONSRetirementpensionWidowpensionDisabilitypensionMiscellaneousContractualprofessionalservicesTotaldeductionsNETINCREASENETASSETSHELDINTRUSTFORPENSIONBENEFITSJanuary1December31BudgetActual35000038831040000044981675000083812639577812520003879512520004345732002000127269983579291311391004935043421934219176508661978665104949710233352232022915717529380377Seeaccompanyingnotestofinancialstatements131IIIIIiIII1IIIIiIiI
IIIIIIIIIIIIIIIIIIVILLAGEOFGLENVIEWILLINOISSTATEMENTOFCHANGES1NPLANNETASSETSBUDGETANDACTUALFIREFIGHTERSPENSIONFUNDFortheYearEndedDecember312001ADDITIONSContributionsemployerTaxesForeignfireinsurancetaxContributionsemployeesTotalcontributionsInvestmentincomeNetappreciationinfairvalueofinvestmentsInterestearnedoninvestmentsTotalinvestmentincomeTotaladditionsDEDUCTIONSRetirementpensionWidowpensionDisabilitypensionMiscellaneousContractualprofessionalservicesTotaldeductionsNETiNCREASENETASSETSHELDiNTRUSTFORPENSIONBENEFITSJanuary1December31BudgetActual11500022629630000309284100004120555550006692792064914100200040747010020002472384155700031416631029505101058350411508512530562587031765089321350622132906920637818125944016688941979483Seeaccompanyingnotestofinancialstatements132
VILLAGEOFGLENVIEWILLINOISCOMBININGSTATEMENTOFCHANGESINASSETSANDLIABILITIESAGENCYFUNDSFortheYearEndedDecember312001AllFundsASSETSCashandinvestmentsReceivablespropertytaxesTOTALASSETSLIABILITIESArbitragepayableDuetobondholdersTOTALLIABILITIESSpecialServiceAreasFundASSETSCashInvestmentsReceivablesTOTALASSETSLIABILITIESDuetobondholdersArbitrageRebateFundASSETSCashDuefromotherfundsTOTALASSETSBalancesBalancesJanuary1AdditionsDeductionsDecember318448429416616695021170013535513235713535513235721983942652330230534405739978155099195077179861139067139948178980219t839294166139t9483740574450613906716695016623300003000013535513235713535513235717986130142430230517898017986113906713994817898039978399781550991550993997815509919507739978155099195077LIABILITIESArbiUagepayableSeeaccompanyingnotestofinancialstatements133IIIIiIiIIII1IIIIIII
GENERALFIXEDASSETSACCOUNTGROUPGeneralfixedassetsarethosefixedassetsusedinoperationsaccountedforingovernmentalfundsGeneralfixedassetsincludeallfixedassetsoftheVillagenotaccountedforintheEnterpriseFunds
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFGENERALFIXEDASSETSBYSOURCEGENERALFIXEDASSETSACCOUNTGROUPDecember312001withcomparativetotalsfor2000GENERALFIXEDASSETSLandBuildingsandimprovementsEquipmentFurnitureOfficeequipmentINVESTMENT1NGENERALFIXEDASSETSGeneralrevenuesBondissues2001200056438535643853102794481016097010113046864866429507229507286852768925027199946254378092340066721638530379927937992792719994625437809Seeindependentauditorsreport134IiIIIIIIIIIIIIIIIII
VILLAGEOFGLENVIEWILLINOISSCHEDULEOFCHANGESINGENERALFIXEDASSETSBYFUNCTIONANDACTIVITYGENERALFIXEDASSETSACCOUNTGROUPFortheYearEndedDecember312001FunctionandBalancesBalancesActivityJanuary1AdditionsRetirementsDecember31IIIIIGENERALGOVERNMENTExecutiveAdministrativeFinanceBuildingandgroundsTotalgeneralgovernmentPUBLICSAFETYPoliceFireTotalpublicsafetyPUBLICWORKSAdministrationForestryMERFStreetdivisionTransportationTotalpublicworksECONOMICDEVELOPMENTTOTAL130871308725624968672257116823313744880278017540274101534271506146583348994155086271503476930162595844123729672417704714078598893020127274958891570455613342573094516729362108989931589610914889680960680960431704105004212042553543770122166123315754253127653127615096476786018176623157058711287783128778325437809227536151322427199946Seeindependentauditorsreport136IIIIIIIIIIIII
GENERALLONGTERMDEBTACCOUNTGROUPThisseparateselfbalancinggroupofaccountsincludestheamountofoutstandinglongtermindebtednessthathasnotbeenidentifiedasaspecificfundliabilityofaproprietaryormastfundandthatisbackedbythefullfaithandcreditoftheVillageofGlenview
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IIiIIIIIIIIiIIIIIiCOMPONENTUNITComponentUnitLibraryFundTheLibraryFundisusedtoaccountfortheresourcesnecessarytoprovidetheeducationalculturalandrecreationalactivitiesoftheGlenviewPublicLibrary
VILLAGEOFGLENVIEWILLINOISCOMBININGBALANCESHEETCOMPONENTUNITLIBRARYFUNDDecember312001withcomparativetotalsfor2000iIIASSETSCashInvestmentsReceivablesAccountsPropertytaxesRestrictedassetsCashInvestmentsGeneralfixedassetsTOTALASSETSLIABILITIESANDFUNDEQUITYLIABILITIESAccountspayableAccruedpayrollCompensatedabsencespayableDuetoprimarygovernmentDeferredpropertytaxesDeferredrevenuesTotalliabilitiesFUNDEQUITYInvestmentingeneralfixedassetsFundbalanceReservedforendowmentsUmeservedTotalfundequityTOTALLIABILITIESANDFUNDEQUITYGeneralFixedAssetsAccountTotalsGeneralFundGroup200120002833602833609364212420001242000146552276233336893333689319838852373293349549576654957665495766418590495149576610354815107599180238094380941645334583345833105664379643791200003333689333368947456490264902631983883519771351977134133535495766549576654957663457221339278133927813449611339278549576668350447186449418590495495176610354815101599802Seeaccompanyingnotestofinancialstatementst38III1IIIiIIIII
VILLAGEOFGLENVIEWILLINOISSTATEMENTOFREVENUESEXPENDITURESANDCHANGESINFUNDBALANCEBUDGETANDACTUALCOMPONENTUNITLIBRARYFUNDFortheYearEndedDecember312001withcomparativeactualfor2000REVENUESTaxesPropertytaxescurrentPropertytaxespriorReplacementtaxesIntergovernmentalEducateandautomategrantPercapitagrantMakewholepaymentChargesforservicesFinesandforfeitsInterestMiscellaneousDonationsOtherEXPENDITURESCultureandrecreationEXCESSDEFICIENCYOFREVENUESOVEREXPENDITURESOTHERFINANCINGSOURCESUSESOperatingtransfersoutprimarygovernmentGeneralFundIMRFFundCapitalProjectsFundTotalotherfinancingsourcesusesEXCESSDEFICIENCYOFREVENUESANDOTHERFINANCINGSOURCESOVEREXPENDITURESANDOTHERFINANCINGUSESFUNDBALANCEJANUARY1FUNDBALANCEDECEMBER3120012000BudgetActualActual329434031566792990803886111600252900029000290002443474184745647418750002869147340870009434088159650006380260518105900103467100959480524311420019375664370385836644783573000375799037386833488166541327420584834126001260012600144601144600136622120000120000120000277201277200269222331333003514051843881690683187507113392781690683Seeaccompanyingnotestofinancialstatements139
VILLAGEOFGLENVIEWILLiNOISSCHEDULEOFOPERATiNGEXPENDITURESBUDGETANDACTUALCOMPONENTUNITLIBRARYFLrNDFortheYearEndedDecember312001IiIICULTUREANDRECREATIONRegularsalariesOvertimesalariesTemporarysalariesLegalfeesPublicinformationPrintingPrintingbindingandpublicationPowerandlightsHeatingPostageTelephoneandtelegraphDuesandsubscriptionsMaintenanceofequipmehtMaintenanceofcopiersMaintenanceofEDPequipmentOnlinesearchingMaintenanceofbuildingsGeneralinsuranceTravelTrainingTrusteePersonnelrecruitmentDirectorexpensesLibraryprogramsOfficesuppliesProcessingsuppliesCircultionsuppliesAudiovisualsuppliesBookspamphletsandmaterialsPeriodicalsAudiovisualMicroformVideotapesCatalogingContingenciesOtheroperatingexpensesMachineryandequipmentFICApaymentsInsuranceTOTALEXPENDITURESSeeindependentauditorsreport140BudgetActual13086951348695831548177947364983000518521275169459350487288006600612645700060341770018008330552703348205342395705687844830570703600037728739576457494340807933300032707212601543527600220412500230810001200566304003351220000160581790010798101258962100001035444076043075651924467995795045278385973373629950234044200036361800129585505257150303234816267616068421397021397037579903738683IIIIiIIIItIitI
IIIIVILLAGEOFGLENVIEWILL1NOISSCHEDULEOFGENERALFIXEDASSETSBYSOURCEGENERALFIXEDASSETSACCOUNTGROUPCOMPONENTUNITLIBRARYFUNDDecember312001withcomparativetotalsfor2000GENERALFIXEDASSETSLandBuildingsandimprovementsFurnitureandequipmentTOTALGENERALFIXEDASSETSINVESTMENTINGENERALFIXEDASSETSGeneralrevenuesTOTALINVESTMENT1NGENERALFIXEDASSETS20012000500000500000412548841254888702788702785749576654957665495766549576654957665495766Seeindependentauditorsreport141
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VILLAGEOFGLENVIEWILLINOISLONGTERMDEBTREQUIREMENTSCORPORATEPURPOSEBONDSSERIESOF1992December312001DateofIssueAprilI1992DateofMaturityDecember12012AuthorizedIssue2895000ActualIssue85000InterestRates2001600200261020036202004630200564020066502007200865520092012660InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDINTERESTREQUIREMENTSTaxTaxLevyInterestDueonFiscalLevyBondYearYearNumbersPrincipalInterestTotalsJune1AmountDecember1Amount2002200117019513000013294426294420026647220026647220032002196224145000125014270014200362507200362507200420032252541500001160242660242004580122004580122005200425528616000010657426657420055328720055328720062005287320170000963342663342006481672006481672007200632136618000085284265284200742642200742642200820073673951950007349026849020083674520083674520092008396437210000607202707202009303602009303602010200943848122000046860266860201023430201023430201120104825282350003234026734020111617020111617020122011529579255000168302718302012841520128415820500008924142942414446207446207NOTETheabovebondissueistoberetiredannuallybyWholesaleWaterFundSeeindependentauditorsreport144IIItiIIIIiIIII
IIIVILLAGEOFGLENVIEWILLINOISLONGTERMDEBTREQUIREMENTSCORPORATEPURPOSEBONDSSERIESOF1993December312001IIiiIIIIIIIIIIDateofIssueDateofMaturityAuthorizedIssueActualIssueInterestRatesInterestDatesPrincipalMaturityDatePayableatMay11993December12005763500050002002460200346020O44602005470June1andDecember1DecemberAmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDINTERESTREQUIREMENTSTaxTaxLev7FiscalLevyBondYearYearNumbersPrincipalInterestTotalsJune1AmountDecember1Amount2002200149763679000020627699627620021031382002i031382003200263779411250001699361294936200384968200384968200420037951298119500011818613131862004590932004590932005200412591527134500063216140821620053160820053160844550005576145012614278807278807NOTEDebtserviceispayablefromtheDebtServiceFundusingmoniesreceivedfromaproperytaxlevySeeindependentauditorsreport145
VILLAGEOFGLEixIEWILL1NOISLONGTERMDEBTILEQUIREMENTSCORPORATEPURPOSEBONDSSERIESOF1994December312001II1DateofIssueDateofMaturityAuthorizedIssueActualIssueInterestRatesInterestDatesPrincipalMaturityDatePayableatSeptember151994December12004804000050002001490200250020032004510JuneIandDecember1December1AmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDINTERESTREQUIREMENTSTaxTaxLev7FiscalLevyBondYearYearNumbersPrincipalInterestTotalsJune1AmountDecember1Amount20022001113613671160000118945127894520032002136814855900006094565094520042003148616086050003085463585420025947220025947320033047320033047220041542720041542723550002107442565744105372105372NOTEDebtserviceispayablefromtheDebtServiceFundusingmoniesreceivedfromapropertymxlevyandmoniestransferredfromtheWaterworksandSewerageFundsSeendependentaudtorsrepo146IIIIiIIIIIlIIIIi
IIIIVILLAGEOFGLENVIEWILLINOISLONGTERMDEBTREQUIREMENTSCORPORATEPURPOSEBONDSSERIESOF1996December312001IIIIIiIIIiIIDateofIssueNovember11996DateofMaturityDecember12008AuthorizedIssue8435000ActualIssue5000InterestRatesBonds136276462527712784700127914774800147816874875InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDINTERESTREQUIREMENTSTaxLevyInterestDueonFiscalBondYearNumbersPrincipalInterestTotalsJune1AmountDecember1Amount200242457877500029987210748722002149936200214993620035797408100002634481073448200313172420031317242004741910850000225378107537820041126892004112689200591110898950001854281080428200592714200592714200610901278945000143362108836220067168120067168120071279147799500098948109394820074947420074947420081478i6871050000511881101188200825594200825594632000012676247587624633812633812NOTEDebtserviceispayablefromtheDebtServiceFundusingmoniestransferredfromtheGNASRedevelopmentFundSeeindependentauditorsreport147
VILLAGEOFGLENVIEWILLINOISLONGTERMDEBTREQUIREMENTSCORPORATEPURPOSEBONDSSERIESOF1997December312001IIIDateofIssueDateofMaturityAuthorizedIssueActualIssueInterestRatesInterestDatesPrincipalMaturityDatePayableatFiscalBondYearNumbersAugust151997December1201761750005000Bonds0017174875718792490079212355000June1andDecember1December1AmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDINTERESTREQUIREMENTSTaxLeWPrincipalInterestTotalsJuneIInterestDueonAmountDecember1AmountIIiII2002I46190200319123824000020042392882500002005289340260000200634139527500020073964532900002008454514305000200951557832000020105796463400002011647717355000201271879237500020137938713950002014872955420000201595610434400002016104411364650002017113712354950002250002685504935502575824975822458824958822336944936942210184960182076124976121934764984761786064986061630065030061464325014321291265041261107505057509100051100070000510000480005130002475051975054500002589484803948420021342752002134275200312879120031287912004122941200412294120051168472005116847200611050920061105092007103806200710380620089673820089673820098930320098930320108150320108150320117321620117321620126456320126456320135537520135537520144550020144550020153500020153500020162400020162400020171237520171237512947421294742NOTEDebtserviceispayablefromtheNorthMaineWaterandSewerFundSeeindependentauditorsreport148III1IiII
IIIIIIIIIIIIIIIIIIVILLAGEOFGLENVIEWILLINOISLONGTERMDEBTREQUIREMENTSCORPORATEPURPOSENOTESOF1997December312001DateofIssueDateofMaturityAuthorizedIssueActualIssueInterestRatesInterestDatesPrincipalMaturityDatePayableatSeptember21997September12019285000014250004942September1September1NorthSuburbanPublicUtilityOverlandParkKansasFUTUREPRINCIPALANDINTERESTREQUIREMENTSFiscalYearRequirementsPrincipalInterestTotals2002200320042005200620072008200920102011201220132014201520162017201820199038412499321537794852120525215377995391158382153771044591109182153771096211057562153771150391003382153771207259465221537712669188686215377132952824252153771395237585421537714641968958215377I5365561722215377161249541282153771692194615821537717758237795215377186359290182153771955691980821537720522110156215377252905813477283876786NOTEDebtserviceispayablefromtheNorthMaineWaterandSewerFundSeeindependentauditorsreport149
VILLAGEOFGLENVIEWILLiNOISLONGTERMDEBTREQUIREMENTSCORPORATEPURPOSEBONDSSERIESOF1998ADecember312001IIIIDateofIssueDateofMaturityAuthorizedIssueActualIssueInterestRatesInterestDatesPrincipalMaturityDatePayableatFiscalYearNovember11998December12018100000005000Bonds1139410140389415390661420662957425958127843012792000435June1andDecember1December1AmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDiNTERESTREQUIREMENTSTaxLewInterestDueonPrincipalInterestTotalsJune1AmountDecember1Amount200220032004200520062007200820092010201120122013201420152016201720186950001250000136000014800001605000173500018750004264404264402002426440426440200342644042644020044264404264402005426440426440200642644042644020074264404264402008426440426440200942644042644020104264404264402011426440112144020123979451647945201334607017060702014288950176895020152260501831050201615703518920352017815631956563201821322021322021322021322021322021322021322021322021322021322021322019897317303514447511302578518407812002213220200321322020042132202005213220200621322020072132202008213220200921322020102132202011213220201221322020131989732014173035201514447520161130252017785182018407821000000061884531618845330942273094228NOTEInterestpaymentstocomefrombondproceedsDebtserviceispayablefromtheDebtServiceFundusingmoniestransferredfromtheGNAsRedevelopmentFundSeeindependentauditorsreport150II1IiIIIIIi1II
IIIVILLAGEOFGLENVIEWILLINOISLONGTERMDEBTREQUIREMENTSCORPOPATEPURPOSEBONDSSERIESOF1998BDecember312001IIIiiIDateofIssueDateofMaturityAuthorizedIssueActualIssueInterestRatesInterestDatesPrincipalMaturityDatePayableatFiscalYearPrincipalJanuary11999December1201824400OO05000Bonds11544250151522154375221625894400259048804500June1andDecember1December1AmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDINTERESTREQUIREMENTSTaxLeInterestDueonInterestTotalsJune1AmountDecember1AmountIIIIItIII200213950001072824824678242003145000010135362463536200415100009519112461911200515750008877362462736200616400008207992460799200717150007510992466099200817900006760682466068200918700005977552467755201019550005154752470475201120500004275002477500201214500003352501785250201310000002700001270000201410000002250001225000201510000001800001I80000201610000001350001135000201710000009000010900002018100000045000104500024400000899495333394953NOTE2002536412200253641220035067682003506768200447595520044759552005443868200544386820064103992006410399200737555020073755502008338034200833803420092988782009298878201025773720102577372011213750201121375020121676252012167625201313500020131350002014112500201411250020159000020159000020166750020166750020174500020174500020182250020182250044974764497476InterestpaymentstocomefrombondproceedsDebtserviceispayablefromtheDebtServiceFundusingmoniestransferredfromtheGNAsRedevelopmentFundSeeindependentauditorsreport151
VILLAGEOFGLENVIEWILLINOISLONGTERMDEBTREQUIREMENTSCOILPORATEPURPOSEBONDSSERIESOF2000December312001iDateofIssueDateofMatarityAuthorizedIssueActualIssueLnterestRatesInterestDatesPrincipalMaturityDatePayableatDecember152000December1200849700005000Bonds16943070795440796994450June1andDecember1December1AmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDINTERESTREQUIREMENTSFiscalBondYearNumbersTaxLevyInterestDueonPrincipalInterestTotalsJune1AmountDecember1Amount200220032004200516920067041920074207952008796994219335219335200210966820021096682193352193352003109668200310966821933521933520041096682004109668345000219335564335200510966820051096681750000204500195450020061022502006102250187500012750020025002007637502007537501000000450001045000200822500200822500497000012543406224340627172627172NOTEItisanticipatedthattheleviesassociatedwiththisissuewillbeabatedthrough2004transfersfromtheGeneralFundThebondproceedswillbeusedforinfrastructureimprovementsthroughouttheVillageSeeindependentauditorsreport152IIIIiIIIItI1II
IIIVILLAGEOFGLENVIEWILLINOISLONGTERMDEBTREQUIREMENTSCORPORATEPURPOSEBONDSSERIESOF2001December31200IIIIIIiIDateofIssueAugust12001DateofMaturityDecember12012AuthorizedIssue41800000ActuaIIssue5000InterestRatesBonds120035020l1160375I16151604005161616041256161726042572618360435InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoFUTUREPRINCIPALANDiNTERESTREQUIREMENTSTaxLe7InterestDueonFiscalBondYearNumbersPrincipalInterestTotalsJune1AmountDecember1AmountIIIIIIIII20021694250694250200284712520028471252003110050000016942502194250200384712520038471252004101200500000167675021767502004838375200483837520052011160480000016592506459250200582962520058296252006116121605000000147925064792502006739625200673962520072161316050000001279250627925020076396252007639625200831614160500000010792506079250200853962520085396252009416151605000000879250587925020094396252009439625201051616160500000067925056792502010339625201033962520116161726055000004730005973000201123650020112365002012726183605500000239250573925020121196252012119625NOTE41800000128330005463300064165006416500Itisanticipatedthattheleviesassociatedwiththisissuewillbeabatedthrough2004transfersfromtheGeneralFundThebondproceedswillbeusedforinfrastructureimprovementsthroughouttheVillageSeeindependentauditorsreport153
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IIIIIIIIIIIIIIIIIIIVILLAGEOFGLENVIEWILLINOISSCHEDULEOFLEGALDEBTMARGINDecember312001ArticleVIISection6kofthe1970IllinoisConstitutiongovernscomputationofthelegaldebtTheGeneralAssemblymaylimitbylawtheamountandrequirereferendumapprovalofdebttobeincurredbyhomerolemunicipalitiespayablefromadvalorempropertytaxreceiptsonlyinexcessofthefollowingpercentagesoftheassessedvalueofitstaxableproperty2ifitspopulationismorethan25000andlessthan500000anaggregateofonepercentindebtednesswhichisoutstandingontheeffectivedateJuly11971ofthisconstitutionorwhichisthereafterapprovedbyreferendumshallnotbeincludedintheforegoingpercentageamountsTodatetheGeneralAssemblyhassetnolimitsforhomerulemunicipalities162
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VILLAGEOFGLENWIEWILLINOISDEMOGRAPHICSTATISTICSLastTenFiscalYearsIIIEducationLevelinPer1Yearsof2Fiscal1CapitaMedianFormalSchoolYearPopulationIncomeAgeSchoolingEnrollment19923843730531355164588719933843731469375165593719943843732161375165602319953843733144375165846119963843734037375165859019973843734886375165867619983843735578375165931519993843736315375165924120004184737566375165924I200141847EstimatedDataSources1USDepartmentofCommerceBureauoftheCensus2Includeselementaryandhighschoolstudents3IllinoisDepartmentofLaborIllinoisDepartmentofEmploymentSecuritynotseasonablyadjusted1653UnemploymentPercentage505037313026252325IIIIIIIIIIIiIII
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VILLAGEOFGLENVIEWILLiNOISMISCELLANEOUSSTATISTICSDecember312001DateofincorporationFormofgovemmeniGeographiclocationAreaPopulation1950I9601970198019902000NumberofTotalHousingUnits2000CensusMedianValueOwnerOccupiedNoncondominiumHousingUnitsDistributionofOwnerOccupiedNoncondominiumHousesbyValue2000CensusUnitValuesbyRange1Under1000001000001999992000002999993000004999995000009999991millionormoreFireProtectionNumberoffirefightersNumberofstationsNumberoffirehydrantsISORatingPoliceProtectionNumberofpoliceofficersNumberofschoolcrossingguardsNumberofstationsLibraryServicesNumberoflibrariesNumberofbooksNumberofrecordsNumberofaudiocassettesNumberofslidessetsNumberofvideotapesNumberofcompactdiscsNumberofregisteredborrowers2001bookcirculationJune201899CouncilManager20MilesNorthofChicago1320SquareMiles6142181322488032060384374184715810336000UnitDistributionNumberPercent1591431278115232272910420337901987179223621311090100008232300Class3781811255450315386233678771988237381700760Thisscheduleiscontinuedonthefollowingpage167IIIIIIIIIIIIIIiIIII
IIVILLAGEOFGLENVIEWILLINOISMISCELLANEOUSSTATISTICSDecember312001IIIIIIIIIIiIIIIRecreationFacilitiesNumberofparksandplaygroundsParkareamacresParkDistrictownedParkareainacresParkDistrictleasedMunicipalParkingFacilitiesNumberofparkingspacesWaterworksOperationsGallonsofwaterpurchasedduringfiscalyearGallonsofwaterbilledduringfiscalyearWaterstoragecapacityGroundstorageElevatedstorageNumberoffulltimeemployeesatDecember312001MilesofstreetsmaintainedbyGlenviewidentifiedbyfunctionalclassificationArterialCollectorResidentialCuldesacsTotalMilesofalleysmaintainedbyGlenviewMilesofstreetswithintheVillageofGlenviewmaintainedbyCookCountyortheStateofIllinoisMilesofsanitarysewersMilesofstormsewersNumberofVillageownedstreetlightsBuildingactivityNumberofpermitsissuedin2001Valueofconstructionauthorizedin2001DataSourceVillageRecords16836447135299081000028159750008500000gallons1000000gallons32275106121302222806744651168
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VILLAGEOFGLENVIEWILLINOISMAJORCORPORATEFUNDREVENUESOURCESNONREALESTATETAXDecember312001FiscalSalesYearTax19923608071PercentPercentIllinoisPercentofTotalUtilityofTotalIncomeofTotalRevenueTaxRevenueTaxRevenue26727445252031651925122199341881161994443893219954843071199646619851997479483019985092357199957586172000652292220017184006NoteIncludesGeneralFundonly29428761492442512867253293569623630993652113184812209334055523032627252373712583235414738817020219661241382157707153226627915726567441402483946137266600313027402811452990432136296348613811911813410910911010997
VILLAGEOFGLENVIEWCookCountyIllinoisANNUALFINANCIALINFORMATIONSTATEMENTOFINDEBTEDNESSAmountAsPerCentofPerCapitaApplicableasofAssessedEstimated200CensusDec312001ValueTrueValuePop41847AssessedValuationofTaxableRealproperty2000f233194164100003333294691fEstimatedTrueValueofTaxableRealproperty2000369958249230000fO0O08840735DitecGeneralObligationBondedDebtlPayablefromProperTaxes1106400008903026441SeSagportingDebt90735100736245216826TotalDirectBondedDebt101800000825278243267OverlappingBondedDebtPayablefiomProperlyTaxes2Schools2696451721907364436OtherThanSchools45007378365122107552TotalOverlappingBondedDebt71971895584195171988TotalDirectandOvedappingBondedDebt173771895409470415255TotalDirectandOverlappingExcludingSelfSupporting83036795673Z25fga429Notes1TheVillageisahomeruleunitunderthe1970IllinoisConstitutionandassuchhasnodebtlimitnorisitrequiredtoseekreferendumapprovalfortheissuanceofgeneraobllgatondebtSeeRetiremenScheduleofOutstandingV1ageGeneralObgationDebtforallstingoftheVlllagesnongeneralobllgaliondebtandcurrentlyoutstandthggeneralobligaliondebOfheViagesgeneralobligattbndebt881or92281700isconsideredselfsagporting012SeeDetaiedOvedappitJBndedndebtadnessPayabteFrmPrpedyTaxesatDecember32Due20022004200520020072008Notes1RETIREMENTSCHEDULEOFOUTSTANDINGVILLAGEGENERALOBLIGATIONDEBTNote1AsofDecember312001principalAmountsDebtServiceSelfSupportinRWithProiectedAbatementFromTaxLeviesWaterandSewerFunds21TaxIncrementRevsTotalFromPaidFromSeriesSeriesSeriesSeriesSeriesSeriesCumuLLevyPropertyArountPercentyearTaxesPropTaxes31992419945119976199619982001149300013000045700022500077500013950000447500044157600145000127400240000810000145000050000048600009216693001500001307002500008500001510000500000506000014116000001600000260000895000157500048000009300002341750000170000275000945000164000050000009730003301875000180000290000995000171500050000001005500042810000001950003050001050000179000050000009340000520021000032000001870000500000074000005932200003400001955000500000075150006672350003550002050000550000081400007472550003750002145000550000082750008280395000225000002645000854420000236000027800008814400002480000292000091040002605000307000094049500027350003230000972028750002B75000100011004900205000071510054500006320000534400000418000001018000002001199078020022024612200320310312004197255120O51954500Excludes2529058notepayableinannuapaymentsof215377totheseersoftheutycompanythatwasecquiredinSeptember1997ThemainingprincipalamountofspecalserviceareabondstheproceedsofwhichhavebeenusedforvariousneighborhoodIocalimprovementsandwhicharesecuredbypropertytaxestobeleviedintheapplicablespecialserviceareasisshownasoveheppingdebtinthetableDetailedOverlappingBondeddebednesspayableFromPropertyTaxesVillaehesnodebtllmitanditcaniseuegeneralobllgatonbondswihoutreferendumThe2Asahomerueununderhe970ImosConsttutonthegerchaesTheVlllaeswaterVillagehaschosenlofundvenouswatedsewermprovementswrthgeneralobligationbondsandabatetaxesfromusrggsystemservesapopulalionofapproximately100000ofwhichapproximately64000areoutsidetheVillagelimits57000inunincorporatedareasand7000intheCitizensUtilitiesservicearea3IncludesremainngmaurillefortheVillagesoutstandingSehes1993BondsaportonoftheoutstandingSeries1994issuesandtheSeries2000TheSedes1992BondsareavabiepdmadlyfromrevenuesftheservieeareafaprivatewatercompanyCitizensUb7itiesutsidetheVllageimlls5TheVillagesold8040oooPneralObllgatinRefundingBndsSedes19114onAagust301994Apobnoftheissuebpayablefrompropedytaxesheremainderlsselfsuorthfromwatedsewerrevenuesandtrieslg97BondsarePingaidfrmwatarandeawerrevenuesfaerviceareautsidetheVllageirnitwthappuatnfapprxmatay6TheSegP171
DEBTRATIOSANDPERCAPITADEBTLASTTENBONDSALESNote1VillaqeIssueSaleDateAmountApdl719922895000May1819937635000August30199480250003January251995600000004October171995500000October15199684350005August519976175000October201998344000008December520004970000August720041800000RatiotoEstimatedActualValuePerCapitaDirectDebtDirectOverlappinqDebtDirectOveHappinRDebtIncludingExcludingincludingExcludingIncludingExcludingSelfSelfSelfSelfSelfSelfSupportinR21SupportingSupporting2SupportinRSupportinR210350278225161407130418123773312851962191690559460300266222973197880875729826822196719955389573172852360612123341014531826225907521345311342315244254413196957212373982233125641752001683332819331093418318324733490243437757217283Notes1RatiosandpercapltainforrnationassetoutinappficableOITcialSatementsTheVglagesBondAnticipatbnBondswhichsctdonJanuary251995arenotincludedintheseratiosseeNote42ExcludingtheVillagesserfsupportinggeneralobligationbondeddebt3Finalissueamountwas8040O00ThisissueadvancereundedthecallablemabrkiesoftheSeheslg89andfggOissues4GeneralObtigationBondAnticipationBondsSedes1995BABStheproceedsofwhichwereusedtofundinterestuptotherespectivematuritydatesoftheBABSandtocreateacapitalimprovementfundforredevelopmentcostsoftheGlenviewNavalAirStafionwhichofficiayclosedonSepternher91995TheprincipalarnountoftheBondAnticipationBondswasnotincludedinthedebtraYsandpercapitadatawhenthosematuritieswererefinancedwithSeries996andtheSeries998Bondstheyappearedinthedebtratiosandpercapibadebt5proceedsusedtorefundtheDecembergg6rnaurkyoftheBABS6AporlionoftheproceedsoftheSefies1998BondswasusedtorefundtheDecemberl1998rnalurkyoftheBABSDETAILEDOVERLAPPINGBONDEDINDEBTEDNESSPAYABLEFROMPROPERTYTAXESATDECEMBER312001SCHOOLDISTRICTSElementaryDistrictsGlenviewSchcctDistdctNo34NorthbrookSchoolDistdctNo30WestNorthfieldSchoolDistdctNo31WgmeteSchoolDistdctNO39EastMaineSchoolDistrictNo63GolfSchoolDistrictNo67AvocaSchoolDisbictNO37HighSchoolDistdctsNorthfleldTownshipHighSchoolDistdctNo225NewTderTownshipHighSchoolDistrictNo203NilesTownshipHighSchoolDistrictNo219MaineTownshipHighSchoolDistdctNO207CommunityCollegeDistrictOaktonCommunityCollegeNo535PercentofVillagesApplicableVillagesShareNote1200RentofGrossDebtToBePaidProper3inGrossFromRealPropertyTaxesTaxinqBodyBondedDebtPercentAmount69211525000859029900206113963306738950375208097106300002542627027843112720000471559974826o23510000419198530424465000014338666717173190000724423108410008971757699333567262700654822660000323305279782990966658131111925762613530000100513597710001000095400TotalSchoolDistricts26964517OTHERTHANSCHOOLDISTRICTSCookCountyIncludingForestPreserveDistdct1000212107500021A0629822315MetropolitanWaterReclamationDistrict10009201550002143613213426GlenviewParkDistdct99112134003825681001880NorthbrookPaflxDistrict419705000334367588NodhMaineFireProtectionDisfict41045000221023095GlenviewSpecialServiceAreasVarious879075100000879075ToalOtherThanSchoolDistricts45007378Notes1Vitlageesharebasedupon2OOORealPropertyvstustions2ExcudesGenerabtigationNtesissuedineuoftaxanticipatinwarrantsandnotesissuedtoprovideinterimconstructionfinancingAiscexcludesIEPAloanstotheMetropolitanWaterReclamationDistfct3ExcludesthefotiowingAlternateBondsissuedpursuanttoPublicAct85f41gwhichareconsideredtobeselfsupporbngsincetheyacepayablefomuserfeesorotherpledgednonpropertytaxsourcesNorthfieldTownshipHighSchoolDistrictNo22528740000NewTderHighSchoolDistrictNo2035235000GlenviewParkDistrict30550000andNorthbrookParkDistrict2000000172
EQUALIZEDASSESSEDVALUATIONFORTAXINGPURPOSESNoteForGeneralTaxinqPurposesNote1TxGrossLessNetForincreaseLevyRealExemptionsGeneralTaxingOverYearProperty2Purposes5priorYear1996111155413761245414105030872314199711101286926235086610477778225199831224686771643157301160371041107199913090301706503849712439916737220001293037637653814371227656200413ForAliTaxinqPurposesNetForPlusTotalForAllGeneralTaxingIncrementalTaxingPurposes5Valuation7Purposes6105030872301050308723104777782601047777826116037104101160371041124399167322168561246208529122765620055379641233194164IPropertyinCookCountyisseparatedintoeightciasscationsforassessmentpurposesrangingin1985from16forsidentialto40forcommercialpropertyAftertheassessorestablishesthefairmarketvalueofaparceloflandthatvalueismultipliedbyoneoftheclassificationpercentagestoaveattheassessedvaluationforthatparcelTheIIIobisDepartmenlofRevenuefumisbeseachcountywithanadjustmentfactortheequalizationfactortoequalizethelevelofassessmentbetweencountiesAftertheequalizationfactorisappliedthevaluationofthepropertyfortaxingpurpsehasbeenestablishedtaxratesareappliedtotheequalzedvaluationIncludesthreemajorcategoriesofexemptionstheSeniorCitizensHomeateadExemptio8062500in2000theSeniorCitizensTaxFreezeHomesteadExemption4130780in2000andtheGeneralHomesteadExemption5388177in2000TheSeniorCibenHomesteadExemptioneffectivefortaxyears1991andfbiowingisareductionof25001500inlevyyears9721983and200inlevyyears19841990intheequalizedassessedvaluationofrealprobedyownedandoccupiedbyaperon65yearsofageorolderTheGeneralHomesteadExemptionisavailabletoowneroccupiedresidentialpropertytheamountoftheexemptionistheincreaseinthecurrentyeaKsequalizedassessedvaluationabovethe1977taxyearequalizedassessedvagaBonwithamaximumof1500in19783000between1979and19823500between19831990and4500therealtecTheSeniorCitizenTaxFreezeHomesteadExemptionfirsteffectiveinlevyyear1994providesthatpersons85orolderwithahouseholdincomeoflessthan40000upfrom35000inlevyyear1998andpriormayreceiveanexemptionintheamountofthedifferencebetweenthecurrentaquazedassessedvalueoftheirpftncipalresidenceandthelowestpreiouassessmentinaqualifyiogyeareveniftheeniorwasnoteligibleforsomeinterveningyear3UnderthecurrenttriennialassessmentsysteminCookCountyonethirdoftheCountyisraassessedeachyearTheViltagewasraassessedin19984Byvauatin828ftheVitageisinNrthedTwnship64isthNiesTwnship1isinMaineTownshipand47isinNewTrierTownshipIncludes128995ofRailroadPropertynowclassifiedasRealProperty5Thedecreaseinequalizedassessedvaluationwasprimarilyduetoa31dropintheStateimposedequalizationfactorforCookCountyfrom21517inlevyyearI998toZ1489inlevyyear19978TheVillagestaxrateisextendedagainstitsentireEqualizedAssessedValuationshowninthistableasEotalforallTaxiogPurposesexcludiogonlythestatutoTaxemptionsOftbetaxescolioctedthatpodionapplicabletoincrementalvaluationvaluationoftaxincrementdistrictsisremittedtotheVillagebytheCountyCollectorfordepositintheapplmabletaxallocationfundTheEqualizedAssessedValuationforwhichtheVillagereceivesitsportionofthetotaltaxrateforallnonTIFpurposesisshowninthistableasNetforGeneraTaxingPurposes7WhentheGenviewNavaAStationTaxthcrementDistrictwascreatedltinciodedtheAirStationandanolderindustrialaaadjacenttheretoAsofJanuary12000theincrementalvaluationwasaddedfromchangasiothatindustdaareaLandvaluationsinthatiodustdalareahaveincreasedforavafietyofreasonsincludingthefactthepropertybeingadbcenttoamajornewroadwayentranceintotheredeveiopedbaseandanewMetretrainstationTAXRATESPER100EQUAIIZEDASSESSEDVALUATIONLevyYearsVillageofGlenview1996BondsandInterest125PensionsPoliceFireIMRFSocialSecurity139Corporate422TotalViiage687CookCountyIndForestPreserve1063MetropolitanWaterReclamationDistrict492GlenviewSDNumber343071NortheldTownshipHSDNumber2251903OaktonCommunityCollegeDistNumber535208GlenviewParkDistrict478Library2303NorthfieldTownshipandAllOther090TotaY36293VlageasaPercentofTotal8319971998199920001661561451521120950770934574094304267356606526719939839558934514444194153188299128393030216205203213498587578612304269251269843560577835617687828382Notes12Asehomeruleunitunderthe1970IllinoisConstitutiontheVillagehasnostatutorytaxratelimitaSonsBeginninginlevyyear1985thetaxrateforLibrarypurposesisconsideredunderStatelawtobeaseparatelevyfromtheVillageTaxrateapplicabletothelargestlaxcodewhichrepresented447oftheVillages2000taxbaseandislocatedinNcrthfieldTownship173
LevyYear1996199719981999NotesTAXEXTENSIONSANDCOLLECTIONSVillagePurposesOnlyCollectionTotalTaxesYearExtended1997721562019987701167199976584482000811082520018237573TotaJTaxesCollectedasofDecember312001Amount2Percent724780910044763417699137701582100568074879995681593939905SourceCookCountyTreasurersOfficeTaxescollectedincludinglatepaymentsareshownascollectionsintheyearwhendueregardlessofwhenthecollectionoccursTheAmountCollectedisnotthesameasdistributionstotheVillageascollectionsincludetaxespaidunderprotestWhenthetaxesarepaidunderprotestareremittedtheyarenotincludedastaxescollectedastheyhavealreadybeenconsideredcoectedCookCountypropertytaxesarepayableintwoinstallmentsthefirstonMarch1endthesecondonthelatterofAugustlor3OdayeaflerthemsilbgofthetaxbillsThefirstinstallrnentisanestimatedbifiandisonehalfofthepfioryeasbfiLThesecondinstattmentisbasedonthecurrentlevyassessmentandequalizationandreflectsanychangesfromtheprioryearinthosefactorsThesecondinstallmentdateforlevyyears19962000wereSeplember191997October281998November11999October22000andNovember12001respecvely1995AND2000TAXBASEDISTRIBUTIONBYPROPERTYCLASSIFICATIONVillaqeofGlenviewTaxableValuation2PercentofTotalPropertyClassificationResidentialCommercialfIndustrialRailroadFarmTotal199571656260222255594196725327605621150751036019507PercentIncrease199520002000199520008679589036927042453181082151991197634639397128995NILNIL24695NILNIL123319416410001000190Notes1Thecmrnerciacsscafinthcudesapartmentbuidingswfihversxunitsandanyaprtmentretaimixedusebuildings2thcCudesincrementalvaluationintheVTiagestaxincrementfinancingdistrictTENLARGESTTAXPAYERSEqualizedAssessedPercentofRankTaxpayerPropertiesValuationlVillaqe21KraftGeneralFoodsCorporateHeadquartersResearchCampus36839091302SignodeDivOfITWCorporateHeadquaders14754042123MidAmericanAssetCommercialProperty14540781124PearsonTaxDeptCorporateHeadquadersBookPublishing310308139085BmGlenviewIIncAONInsuranceCompany10260923086CrownNorthcorpJncDoubletreeHotel9228321087TargetRetailStore6672688058HeatherfleldCenLLCCommercialProperty6549202059KlaffRealtyLP2100CommercialProperty61311880510AvonProductsIncCosmeticsShippingFaciliLy50103080497NotesTotalTenLargestTaxpayers1202936831ValuationsasofJanuary12000for2001hexingpurposes2Total2000V71agevsuatbnof1233f94164includingincrementalvaluation3CorporateheadquartersofScoltForesman174
SummaryStatementGENERALFUNDofRevenuesExpendituresandChangesinFundBalanceYearsEndingDecember31AuditedNofel20012002199819992000Budqet2ActualBudqet2542113450881575626488599231858088805009460201487721239921968076190003019680622075000509235757586176522922630002071840066790000334055532627253712583375000041473883930000311195432493883551020355000034839703830000322468379362195281375000414768380000856775803135872019825000748188800000553510000010694499967451456765220750524676981951700250798236925280634255000342302295030131031174199112809282015065115255321605752328552815252244312500002152842250035267604785826653824750007698334500004528144578085007504937004937104939001067001022001020001050001050001121503385040004000400040004000285174381981292674307500307500307500127215194993190994750001723511500001688981071391327086517601181002635250531593295460400000956654400000795012107537688717213795009342801041150255254912625624429958645308726833179452731668960482486548545147693301621286055842747024566119168311235726313295031154892111558451915373055409480647743925100455596882058955206751733613170515397570574001090000214516722250156626659361276708712706431330239354965013102490310013021061931106193112252239196001199285361093723098052309805219335000000233362852472575431271600310426073041604831683912407381937546783299284300197647502151429606153049013129556g92413784791495200371034135021521218919713938713December311998199920002001FiscalRevenuesTransfers1997PropertyTaxes35098741PropertyTaxesFkeProtectionDistrict12094527SalesTaxes4794830UtilityTax3184812StateincomeTaxJPhctoUseTax2900650FranchiseTaxesInffastrbtureMaintenance333645HotelRoomTax4788672MotorVehicleLicenses459412BuildingPermitsCedOfOccup817715OtherLicensesandPermits409987ChargesForServices652035FinesandFoneits258230interest427039TransfersinWaterworks471245WhoiesalaWater98275TheGlenRedevCarelaker330356NorthMaineUtilities0EscrowDepositInteract5245864Other112731LandSales0AliOtherRevenues542126TotalRevenuesTransfers24020892ExpendituresTransfersGeneralGovernment5468303PublicSafety11235448HighwaysandStreets3944604Pensions617344SubtotalExpenditures21265699TransfersOutCapitalEquipmentReplacement6901114CapitaProjects453000Other4554TotalExpendituresransfem22624367RevenueOverUnderExpendituresBeforeCagitaVTransfers2750639AfterCapitallTransfers13965252189206AdjustmentstoFundBalance193850FundBalanceatDecember317978245611971662BalanceSheetatAssets1997CashandInvestments891953868A50797ReceivablesProperlyTaxes52161295129686SalesTax811956835114UtilityTaxes234170305374OtherReceivables421709550248DueFromOtherFunds6445652941225AllOtherAssets148045641TotalAssets1653871918218085LiabilitiesandFundBalance10356035122067291475675656041755672153578588452759611466311968913316573425315343995560790566103161283322341552110613707314482032385206030662053803723186289AccountsPayable378726CompensatedAbsencesPayable743645DueToOtherFunds253806DeferredRevenues5316129AllOtherUabilities63957FundBalanceReservedg22283DesignatedforSurchargeReceiptsfO1334848Undesignated8425325TotalFundBalancef29782456TotalLiabili0esFundBalance1653871919063715619260988854797787006392612095180215316910309202320041373145129686588681158227286029209560371008717324181001385156411986710000100001334848133484813348481334848106211731214743710844349125938651197166213502152121891971393871318218085206030662053803723186289Notes1ThesecondensedfinancialstatementsfortheGeneralFundfortheyearsendingDecember319972001havebeenpreparedfromthefullComprehensiveAnnuaIFinancialReportsoftheVillageofGlenvlewanddonotpurporttobecompletefinancialstatementsThefurlfinancialstatementstogetherwiththereportoftheVillagesindependentaccountantsaraavailableuponrequestSeeNote1toCombinedStatementAllFunds2TheVillageManagersubmitsaprpedperatingbudgetttheBardfTrusteewhichbudgetthcfudepragsedexpendituresandthemeansffinancingthemSubsequenttobudgetheatingsthebudgetislegallyenactedthroughpassageofanordinanceTheVillageManagerisauthetizedtotranstarbudgetedamountsbetweendepartmentswithinanyfundhoweveranyrevisionsthatalterthetotalexpendituresofanyfundmustbeapprovedbytheBoardofTrusteesBudgetsareadoptedonabasisconststentwithgenerallyacceptedaccountingptinciplesrom1979to1985theVillagespblcywdhregardtoGeneralFundpropertytaxeswastoevyaconsantdollaramountofapproximately950000Beginningwith1988theVillagechangedthispolicytooneofaconstanttaxratetoensureequalparticipationinthecostofgovernmentofnew4EffecveMay61985theVillageadopteda5hotelroomtaxTheVillagehasfiveoperatinghotelswith856ooms175
5DevelopersarerequiredtodepositwiththeVillageanamountequaltothecostofallimprovementsbeingbuiltanddedicatedtotheVillagewhichdepositsarereturneduponsatisfactorycompletionoftheimprovementsInterestearningsontheamountsintheEscrowDepositFundaretransferredtotheGeneralFund6TheCapitalEquipmentReplacementFundCERFwasestablishedbyordinancein1979withthestatedpurposeofeveningouttheannualexpendituresformajorcapitalexpendituresAlloftheViiagesonroadandoffroadequipmentfirepublicwosecisincludedEachDepartmentischargedwiththeequivalentofadepreciationchargewhichisremittedincashtotheCapitalEquipmentReplacementFundcardedintheCapitalProjectsFundAsofDecember312001caehandinvestmentsintheCapitaEquipmentReplacementFundtotaled87155357ForthefiscalyearendedDecember311982theVitagechangeditsprpertytaxrevenuereccgnitinfocnformfotheprvisinsfnterpretatin3issuedbytheNationalCouncilonGovemmentalAccountingunderwhichpropertylaxrevenuesarerecognizedtotheextentoftaxesdueandcollectedwithinthecurrentyearThecurrentnettaxvyreceivabeisrecngnizednthebsianceheetangwithacorrespndingamuntfdefarredrevenue6WhentheVillagechangeditspolicyregardingfhelevelofpropertytaxesfortheGeneralFundNote3italsodeterminedtoincreasethecashreservebaancetdaysfwrkingcahwhichgiventhe21actuanncapitaexpendituresfotasapprximafaiy673392ThisreserveservesasinsuranceshoudtheVillagefacefluctuationsordelaysintaxpaymentsamonetaryjudgmentanaturaldisasterorotherfiscaldifficuitesTheGeneralFundCashBalancehasrisenfrom1377554atDecember311985to14756756atDecember312001whichrepresentedacashreservebalanceof199days9TheDecember312001Reservedamountof10000isforPattonHouseaproposedseniorhousingbuilding10ThesefundsareavailableforanypurposetheDesignatedreferenceistothesourceofrevenuesthatweredeterminedbytheVillageBoardasnottobeusedforoperatingexpanses11OnSeptemberl1992theGenbrookFireProtectionDitrictwasmergedicfotheGlenviewFirDepartmentTheFireProtectionDisthetcontinuesfolevypropertytaxesonthatpartofilstaxbaseoutsidetheVitlageimitsandremitsthosetaxreceiptstotheVillageforservicesintheunthcorporaledareathatnowrepreeenbsitstaxbase12TheGeneraIFundFundBaanceatDecember312001of13938713isequalfo461ofthe30239354Budgeted2002GeneralFundexpendituresexcludingtransfersforcapitalpurposesCOMBINEDSTATEMENTALLFUNDSNote1FundBalances19972000andSummary2001RevenuesExcessRevenuesandFundBalanceAuditedFiscalYearsEndingDecember31FiscalYearEndedDecember312001PropertyOverGovernmentalFundTypes1997199819992000TaxTotalExpendituresGeneralFund97824561197166213502152121891975805880317945271749516SpecialRevenueFundsIMRF9523624118S72445229524518270954248148066MotorFuelTax574874427814299213206926011356944899RefuseandRecycling6438659021661192944139888301161868224497911Communications218703271111330485397895050216858824GNASRedevelopment2318393911269113853044612024133518436GNASCaretaker0963043166948070610443164646034774572121428334513239SpecialTaxAllocation00TotalSpecialRevenue1023813810244478114224612497548221061117276443DebtServiceFunds441646623885993651914243124417416175858646380280CapitalProjectFunds80297802591119684410215101076732360687476481150618886TotalGovernmentalFunds6325251541081701102042395124539801852597912746193853025125InclTransfersProprietaryFundType3EnterpriseFundsWaterworks413020016151971661662833916666968Sewerage42978395297558838886593796276WholesaleWatar41202966783437759400733552NorthMaineWetsrendSewer4109569266559110109421839CommuterParkingLot97297128026194545240595TotalEnteqdseFunds17189105188176582136083421015552InternalServiceFundsMunidpalEquipmentRepair5504338354144454225598Insurance3056542340726738470803733331TotallntsmalSeiceFunds3061585336891339915343958929TotalProprietaryFunds20250690221865712535236824974481FiduciaryFundTypes6EscrowDeposit70120593124782149161Deposit26536298803608046407PoliceDepartmentSpecialAccount5233138241484725665PotcePension23553282272112462562927029157175FirefightsrsPension34502380378878793674730340166889TotalFiduciaryFunds58087431652634226255228289545297ComponentUnitLibraryFund61978641200185118750711690683TotalAllFundsMemoOnly1435692771305335451918221162207502625069585600932421029017101515669601070324036409220471124601986794201723510729904550127269903141663045944673245290366447811771269155588825CashandInvestmentsatDecember3119971998GeneralFund91953868450797SpecialRevenueFunds14044421985393DebtServiceFunds44142152478605CaptatProjectFundsCapitalEquipmentReplacement61536197605563GNASProject123701121515905125VillagePermanent00CapitalProjects45720486120760AllOther22713002304156TotalCapitalProjects5000818231935604ProprietaryFunds66629309763531FiduciaryFunds66285080169765291ComponentUnitLibraryFund821010932166954TotalCashandInvestments913663704912654617519992000200110356035122067291475675618774202160449253572636530172427557281302476460468796785871553859529350665102501061081511701569926651077362537166595418886451511129659239573565175976862198931822485117340224169069262956340789437058893237663755307380157575493448198806915591641525360186995726218439403274886813II1761FundBalance13938713377590211825456719382415983916716252256715829212217756492697200017638968166126363015016924956430314749527434435178275773819298218348508819234417180847355248417202837869016472702562175101491617299537064232608822320229380377181259441979483204351871588815351405133927855364508276114770
ThesecondensedfinancialstatementsfortheyearsendingDecember3f19972001havebeenpreparedfromthefullComprehensiveAnnualFinancialReportsoftheVillageofGtenviewanddonotpurporttobecompleteauditsThefullfinancialstatementstogetherwiththereportoffoeVillagesindependentaccountantsareavailableuponrequestTheaccountingpoliciesoftheVillageconformtogenerallyacceptedaccounnrncesasappflcabletogovernmentaunitsTheaccountsoftheVillageareorganizedonhebasisoffundsandaccountgroupsPtrnnntinc7entityThevariousfundsaregroupedintothethreebroadcategoriesofGovernmentalFundsFiduciaryFundsandproprietaryFundsWithintheGovernmentalFundsaretheGeneralFundthegeneraloperahenfundwhtchfsusedtoaccountforailfinanelaresourcesexceptthoserequiredtobeaccountedforinanotherfundSpecialRevenueFundswhichareusedtoaccountfortheroceedsofspecificrevenuesaurcesfoatareagellyrestrictedoexpendituresfurspecifiedpurpocasDebtSen4caFundaandPfudsendexndatetruelfundsareacountadforuingcurrentnanciaresurcesmeasuromentfocuswhichhasonlycurrentassetsandcurrentIabflflesonthebalancesheetandoperatingstalemenpresentncrsasecurrenassetsAllproprietaryfundsandpensontnstfundsareaccountedforonaflowofeconomicresourcesmeasurementfocuswithallassesandlablitesassocaedwiththeoperationofthesefundsincludedonthebalancesheeaandfundequitysegregatedintocontributedcapitalandretainedearningsoperatingstatementspresentincreasesanddecreasesinneoralassetsThemodifiedaccrualbasisofndTesandExendableTrustFundsintheFiduciaryFundscategoryAflremainngaccountfogisfolfowedforaGovemmentelFuypPTheReortofundsandProreaFundsareaccounedforusingtheaccnJalbastsofaccounngpFiduciaryFundsPenoTFoptnnltternetfiscalveerendedDecember3120glmeludedthefollowingthdagendentAuditorsnthevlogesgenerapupunsforflslangaoefoomparabtecleanoplnonewereincludedintheVillages19972000auditsshownnthistableInurpinionthegeneralpurposefinancaselementsreferredtoabovepresentfairlyinallmaterialrespectsthefinancialpositionoftheVillageofGlenviewillinoisasofDecember312001andtheresultsofitsoperatiensandthecashflowsofitsproprietaryfundtypesfortheyearthenendednconformtywithaccountogprinciplesgenerayacceptedintheUnitedStatesofAmericaAlsoinouropinionhecombiningtadivduefundandaccountgroupfinancialstatementsreferredtoabovepresentfairlyinallmatadatrespectsthefinanclalpositionofeachoftheindividualfundsandaccountgroupsoftheVillageofGenviewIllinoisasofDecamber312001andtheresultsofoperationsofsuchfundsandthecashflowsofindividualproprietaryfundsfortheyearhenendedinconformitywithaccountingrlncllesenerellyacceptedintheUnitedStatesofAmerica2ThPeGlePnvievNavalAirStafionRedeveloPmentFundwascrsatedtacountforthereurcasandexpendituresncurmdnthedevelpmentftheGtenvlewNavalAirSaselandwhichwasvacatedbytheNavyonSeptemberg19953TheamuntsshwnasfundbelancesfurthePropheteryFundsareretaleedeamingsexcfudescntbutedcapitaandtheamuntsshwnasexcessrevenuesrepresentthechangeinretainedearningsTotalrevenuesrepresentoperatingvenues4pherleflscalar1993theViflagemelnelnedtwWaterwrksFundstprvideaccounfingfortheeastempinftheViflageWatarworks1fhYeennr3dlrnndtheablicableunthcorooratadareaadjacenttothewestamborderoftheVillageWaterworksWestthatisserriedbythewatersystemretainedearningsatDecember311992were3909087forWaterworksEastand5537828forWaterworksWestThetwoaccountingfundsweresetupin1977whenthetwoprivatewatercompaniesservingtheapplicablewesternportionandublncooratedareaswereattherequestftheresdentacquiredbyfoeViflageforhepurpsefupgradingthewatarqualflyinthatreabyreplecinwellwatersupplywithLakeMichiganwatersupplythathadbeenavailabletoeastGtanviewsince1937ItwasdetarmthedthatthecostetamortizingthedebtapplicabletotheacquisitionofthetwoprivatewatercompaniesandconstructingthenecessarytransmissionmainstoreeandwestsystemupgradfogwouldbepaidforbylhecuedinersofthewestsystemTheuseofdifferingratescontinueduntil1992gofaminimumchaeforwaterusagewaseliminatedThetwofundswerecornbleedwhenaunfledratestructurewasputtnplaceandtheuserginfiscalyear1993AseparateSewerageFundwascreatedinfiscalyear198fitoaccountforthefundsnecessarytoprovidesanitarysewersarliceoboththeincorporaedandunncorgoratadareassenedbytheVillagePriorto1986thesefundswereaccountedforinthetwoWaterworksFundsTheWholesaleWaterFundaccounsforthesaeofwaeroCitizensUtilityCompanyforitsserviceareagusidetheVillageofGtenviewTheNorthMaineWaterandSewerFundaccountsforallfinancialacfivfiyrelatedtotheVillageprovidingwaterandsewersexyceoanunincorporatedareasouthwestoftheVillageformerlyservedbytheNorthSuburbanPublicUtilitiesCompany5TheMunielpalEquipmectRepairFundisusadtoaccounforheccataofrepeifingandmelntainingaflVifiagevehicles6ExcludestheVilagesAgencyFunds7TheEscrowDepstFundsusedtaccountformniesndepaltwiththeViagehecstfpubflcimprovementstabededicatedtatheVillagemustbeescrowedwiththeViiageandaspaymentsarerequiredforsafifactaryworkcompletedmoniesarereleasedtocontractorsinterestearnedontheescroweddepositsisretainedbytheVillageandannuallytransfenedoheGeneralFund8Beginninginfiscalyear1993theLibraryFundwaspresentedintheauditasacomponentunitoftheVillagebecausetheLibrarypossessesthecharaclerisicsofalegeltyseparategovernmentseparatelyelected7memherboardwhichannuallydeterminesitsbudgetandtaxlevy9TheViogesCashCnIrelandtavestmentPiicywasrlginellyageptednFebruary21983andwasrevisednMarch1585January61990andMarch1919gfi10tacludestwonewfundscreatadfofiscalyear1999TheGenLandSelesFundDecamber31999fundbelance43gll212andtheVlagePermanentFundDecember3f1999fundbalance17f24912TheGlenLandSalesFundusedtoaccountforgrosslandsalesrelatedtotheGlenvlewNavalAirBaseandtheVillagePermanentFundreceivesfromTheGlenLandSalesFund20ofthegrosslandsalestobeusedforprojectsnotrelatedtotheGlenviewNavalAirBase1fExcludesproceedsfromtheVillagessateonAugust72001of480000enelOblaoBndsSeries20012ncludestheGNASSondFundSeheslg95theGtenLandSelesrun7anomezuurojecrunuFIXEDASSETSATDECEMBER312001GeneralFixedProprietaryFundAssetslFixedAssets2LandandImpcovemente6143853302851BuildingsandImprovements14404936446954038049513WaterandSewerSystems101130482876128EquipmentOfficeFurnitureandEquipment203387718672Subtobal3269571241694118LessAccumulatedDepreciation0128961932Tote3269571228797186GroupratherthaningovemrnentalfundsAllfixedassetsarevaluedathstarcatcostorestimatedhstaticalcostifactualisnotknownContrtbutadfixedassetsarerecordedattheirfairmarketvalueonthedatedonatedPublicsystemsandlightingsystemshavenotbeencapitellzethNodepreciationisrecordedonGeneralFixedAssetsThistableincludesthegeneralfixedassetsoftheGienviewPublicLibrary2FixedAssetsintheProprietaryFundsarevaluedathistoricalcostorestimatedhstarcaicostDepreciationonallexhaustiblefixedassetsischargedasanexpenseagainstoperationsDepreclaonisprovidedovertheestmaedusefullivesusingthestraightfinemethod177