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FY 2000 Certified Comprehensive Annual Financial Report
VILLAGEOFGLENVIEWILLINOISCOMPREHENSIVEANNUALFINANCIALREPORTYEARENDEDDECEMBER312000PreparedbyFinanceDepaiiientDanielPWiersmaDirectorofFinanceHarryISakaiAssistantDirectorofFinance IIIIIIIIIIIIIIIIII VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGEINTRODUCTORYSECTIONPrincipalOfficialsiOrganizationChartiiCertificateofAchievementforExcellenceinFinancialReportingiiiDirectorofFinancesLetterofTransmittalivxvFINANCIALSECTIONREPORTOFINDEPENDENTAUDITORS12GENERALPURPOSEFINANCIALSTATEMENTSAllFundTypesandAccountGroupsandDiscretelyPresentedComponentUnitCombinedBalanceSheet3AllGovernmentalandFiduciaryExpendableTrustFundTypesandDiscretelyPresentedComponentUnitCombinedStatementofRevenuesExpendituresandChangesinFundBalances4AllGovernmentalFundTypesCombinedStatementofRevenuesExpendituresandChangesinFundBalancesBudgetandActual5AliProprietaryFundTypesCombinedStatementofRevenuesExpensesandChangesinRetainedEarnings6AliPensionTrustFundsCombinedStatementofChangesinPlanNetAssets7AliProprietaryFundTypesCombinedStatementofCashFlows8NotestoFinancialStatements943 VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGEFINANCIALSECTIONCONTREQUIREDSUPPLEMENTARYINFORMATIONAnalysisofFunctLngProgressIllinoisMunicipalRetirementFund44PolicePensionFund45FirefightersPensionFund46EmployerContributionsllinoisMunicipalRetirementFund47PolicePensionFund48FirefightersPensionFund49COMBININGINDIVIDUALFUNDANDACCOUNTGROUPSTATEMENTSANDSCHEDULESGOVERNMENTALFUNDTYPESGENERALFUNDGeneralFundBalanceSheet50StatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual51ScheduleofRevenuesBudgetandActual5253ScheduleofExpendituresBudgetandActual5466SPECIALREVENUEFUNDSAllFundsCombiningBalanceSheet67CombiningStatementofRevenuesExpendituresandChangesinFundBalances68 VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGEFINANCIALSECTIONCONTGOVERNMENTALFUNDTYPESCONTSPECIALREVENUEFUNDSCONTIllinoisMunicipalRetirementFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual69MotorFuelTaxFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual70RefuseandRecyclingFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual71911CommunicationsFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual72GNASRedevelopmentFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual73ScheduleofExpendituresBudgetandActual7475GNASCaretakerFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActual76ScheduleofExpendituresBudgetandActual7780 VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportmTableofContentsDecember312000mPAGEIFINANCIALSECrlONCONTGOVERNMENTALFUNDTYPESCONTDEBTSERVICEFUNDSAllFundsCombiningBalanceSheet81mCombiningStatementofRevenuesExpendituresandChangesinFundBalances82ICombixtingStatementofRevenuesExpendituresandChangesinFundBalancesBudgetandActual83CAPITALPROJECTSFUNDSIAllFundslCombiningBalanceSheet84CombiningStatementofRevenuesExpendituresIandChangesinFundBalances85CombiningStatementofRevenuesExpendituresandChangesinFundBalancesBudgetandActual8687IPROPRIETARYFUNDTYPESIENTERPRISEFUNDSAllFundsICombiningBalanceSheet88CombiningStatementofRevenuesExpensesandIChangesinRetainedEarnings89CombiningScheduleofChangesinContributedCapital90ICombiningStatementofCashFlows91III VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGEFINANCIALSECTIONCONTPROPRIETARYFUNDTYPESCONTENTERPRISEFUNDSCONTWaterworksFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual92ScheduleofOperatingExpensesBudgetandActual9395ScheduleofFixedAssetsandDepreciation96WholesaleWaterFundStatementofRevenuesExpensesandChangesinRetainedEarrtingsBudgetandActual97ScheduleofOperatingExpensesBudgetandActual98ScheduleofFixedAssetsandDepreciation99NorthMaineWaterandSewerFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual100ScheduleofOperatingExpensesBudgetandActual101102ScheduleofFixedAssetsandDepreciation103SewerageFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual104ScheduleofOperangExpensesBudgetandActual105106ScheduleofFixedAssetsandDepreciation107CommuterParkingLotFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual108ScheduleofOperalngExpensesBudgetandActual109ScheduleofFixedAssetsandDepreciation110 VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGEFINANCIALSECTIONCONTPROPRIETARYFUNDTYPESCONTINTERNALSERVICEFUNDSAllFundsCombiningBalanceSheet111CombiningStatementofRevenuesExpensesandChangesinRetainedEarnings112CombiningStatementofCashblows113MunicipalEquipmentRepairFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual114ScheduleofOperatingExpensesBudgetandActual115InsuranceFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActual116FIDUCIARYFUNDTYPESAGENCYFUNDSTRUSTANDAllFundsCombiningBalanceSheet117CombiningStatementofPlanNetAssets118CombiningStatementofRevenuesExpendituresandChangesinFundBalancesExpendableTrustFunds119CombiningStatementofChangesinPlanNetAssetsPensionTrustFunds120 VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGEFINANCIALSECTIONCONTFIDUCIARYFUNDTYPESCONTTRUSTANDAGENCYFUNDSCONTPensionTrustFundsPolicePensionFundStatementofChangesinPlanNetAssetsBudgetandActual121FirefightersPensionFundStatementofChangesinPlanNetAssetsBudgetandActual122AgencyFundsCombiningStatementofChangesinAssetsandLiabilities123ACCOUNTGROUPSGENERALFIXEDASSETSACCOUNTGROUPScheduleofGeneralFixedAssetsbySource124ScheduleofGeneralFixedAssetsbyFunctionandActivity125ScheduleofChangesinGeneralFixedAssetsbyFunctionandActivity126GENERALLONGTERMDEBTACCOUNTGROUPScheduleofGeneralLongTermDebt127COMPONENTUNITLibraryFundCombiningBalanceSheet128StatementofRevenuesExpendituresandChangesinFundBalance129ScheduleofOperatingExpendituresBudgetandActual130ScheduleofGeneralFixedAssetsbySource131 VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGEFINANCIALSECTIONCONTSUPPLEMENTALDATACombinedScheduleofCashandInvestments132ScheduleofInsUranceinForce133LongTermDebtRequirementsCorporatePurposeBondSeriesof1992134CorporatePUrposeBondSeriesof1993135CorporatePurposeBondSeriesof1994136CorporatePurposeBondSeriesof1996137CorporatePurposeBondSeriesof1997138CorporatePurposeNotesof1997139GeneralObligationBondSeriesof1998A140GeneralObligationBondSeriesof1998B141GeneralObligationBondSeriesof2000142 VILLAGEOFGLENVIEIILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGESTATISTICALSECTIONGeneralGovernmentalRevenuesbySourceLastTenFiscalYears143GeneralGovernmentalExpendituresbyFunctionLastTenFiscalYears144PropertyTaxAssessedValuationsRatesExtensionsandCollectionsLastTenFiscalYears145AssessedandEstimatedActualValueofTaxablePropertyLastTenFiscalYears146PropertyTaxRatesDirectandOverlappingGovernmentsLastTenFiscalYears147RatioofNetGeneralObligationBondedDebttoAssessedValueandNetGeneralObligationBondedDebtPerCapitaLastTenFiscalYears148ScheduleofLegalDebtMargin149RatioofAnnualDebtServiceExpendituresforGeneralObligationDebttoTotalGeneralGovernmentalExpendituresLastTenFiscalYears150ScheduleofRevenueBondCoverageLastTenFiscalYears151DemographicStatisticsLastTenFiscalYears152ConstructionValueandBuildingPermitsLastTenFiscalyears153MiscellaneousStatistics154156TenWealthiestIllinoisCommunities1990Census157MajorCorporateFundRevenueSources158 VILLAGEOFGLENVIEWILLINOISComprehensiveAnnualFinancialReportTableofContentsDecember312000PAGESTATISTICALSECTIONCONTADDITIONALDISCLOSURESREQUIREDBYSECRULE15c212StatementofIndebtednessasofDecember312000159RetirementScheduleofOutstandingVillageGeneralObligationDebt159DebtRatiosandPerCapitaDebtLastTenBondSales160DetailedOverlappingBondedIndebtednessPayablefromPropertyTaxesatDecember312000160EqualizedAssessedValuationforTaxingPurposes161TaxRatesPer100EqualizedAssessedValuation161TaxExtensionsandCollectionsVillagePurposesOnly1621993and1998TaxBaseDistributionbyPropertyClassification162TenLargestTaxpayers162GeneralFundSummaryStatementofRevenuesExpendituresandChangesinFundBalance19962000and2001Budget163BalanceSheets19962000163CombinedStatementAilFundsFundBalances19961999andSummary2000RevenuesExcessRevenuesandFundBalances164165FixedAssetsatDecember312000165 VILLAGEOFGLENVIEWILLINOISPrincipalOfficialsDecember312000LEGISLATIVEVillageBoardofTrusteesNancyLFirferPresidentLawrenceRCarlsonKentBFullerRachelCookDonnaPappoJohnDCrawfordJohnWPattonJrPaulTMcCarthyVillageClerkTreasurerEXECUTIVEPaulTMcCarthyVillageManagerFINANCEDEPARTMENTDanielPWiersmaDirectorofFinanceHarryISakalAssistantDirectorofFinancei IIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIi CertificateofAchievementforExcellenceinFinancialReportingPresentedtoVillageofGlenviewIllinoisForitsComprehensiveAnnualFinancialReportfortheFiscalYearEndedDecember311999CertificateofAchievementforExcellenceinFinancialReporlingispresentedbytheGovernmenlFinanceOfficersAssociationoftheUnitedStatesandCanadatogovernmentunitsandpublicemployeeretirementsystemswhosecomprehensiveannualfinancialreportsCAFRsachievethehigheststandardsingovernmentaccountingandfinancialreportingExecutiveDirectoriii IIIIIIIIIIIIIIIIIi GliewJune212001HonorablePresidentandMembersoftheBoardofTrusteesCitizensoftheVillageofGlenviewThecomprehensiveannualfinancialreportoftheVillageofGlenviewtheVillagefortheyearendedDecember312000issubmittedherewithThisreportrepresentsacomprehensivepictureoftheVillagesfmancialactivitiesduring2000andthefinancialconditionofitsvariousfundsatDecember312000AlthoughformallyaddressedtotheelectedofficialsandcitizensofGlenviewthisfinancialreporthasnumerousotherusersForemostamongtheotherusersarethebondholdersoftheVillagefinancialinstitutionseducationalinstitutionsandothergovernmentalentitiesResponsibilityforboththeaccuracyofthedatapresentedaswellasthecompletenessandfairnessofthepresentationincludingalldisclosuresrestswiththeVillageWebelievethedataaspresentedisaccurateinallmaterialrespectsthatitispresentedinamannerdesignedtofairlysetforththefinancialpositionoftheVillageandtheresultsofitsoperationsasmeasuredbythefinancialactivityofitsvariousfundsandthatalldisclosuresnecessarytoenablethereadertogainthemaximumunderstandingoftheVillagesfmancialaffairshavebeenincludedThecomprehensiveannualfinancialreportispresentedinthreesectionsintroductoryfinancialandstatisticalTheintroductorysectionincludesthistransmittallettertheVillagesorganizationalchartandalistofprincipalofficialsThefinancialsectionincludesthegeneralpurposefinancialstatementsandthecombiningindividualfundandaccountgroupfinancialstatementsandschedulesaswellastheindependentauditorsreportonthefinancialstatementsandschedulesThestatisticalsectionincludesselectedfinancialanddemographicinformationgenerallypresentedonamultiyearbasisaswellasallcontinuingdisclosuresrequiredbySecuritiesExchangeCommissionRule15c2121225WaukeganRoadGlenviewIllinois6002584772417008477244232TDD IIIIIIIIIIIIIIIIIiI TheReportingEntityanditsServicesTheVillageofGlenviewwasincorporatedin1899andoperatesunderthecouncilmanagerformofgovernmentItisahomerulemunicipalityasdefinedbytheIllinoisConstitutionLocatedapproximately20milesnorthoftheCityofChicagoinCookCountytheVillageoccupiesalandareaof13milesandhascertified2000Censusof41847Thisapproximatelysquareafigurerepresentsanincreaseof3410or887fromthe1990CensusTheVillageprovidesafullrangeofgeneralgovernmentalservicesSpecificallytheVillageprovidespoliceandfireprotectionhealthserviceswaterandsewerutilitiesconstructionandmaintenanceofstreetscodeenforcementplanningandzoninglibraryservicesandgeneraladministrativeservicesThefinancialreportingentityoftheVillageofGlenviewiscomprisedofallfundsandaccountgroupsoftheprimarygovernmentietheVillageofGlenviewaslegallydefinedanditspensiontrustfundstheGlenviewPolicePensionFundandtheGlenviewFirefightersPensionFundThesefundsweredeterminedtobepensiontrustfundsduetotheirfiduciaryandfiscalrelationshipswiththeVillageastheirsolepurposeistoprovideretirementbenefitstotheVillagesswornpoliceofficersandfirefightersTheGlenviewPublicLibraryisincludedasadiscretepresentationsinceitiselectedboardofNogovernedbyaseparatelytrusteesotherlegallyseparateentityqualifiesasacomponentunitoftheVillageEconomicConditionandOutlookThereareseveralmeasuresofeconomichealthforlocalgovernmentsPerhapsfourofthemoreobjectivemeasuresorindicatorsarelocalemploymentlevelsretailsalesactivityfamilyincomelevelsandconstructionactivityEmploymentlevelsintheVillagehavealwayssurpassedthatofCookCountyandtheStateofIllinoisasawholeAsofDecember312000theVillagesunemploymentratewas25comparedto47forCookCountyand45fortheStateoflllinoisRetailsaleswithintheVillagetotaled652millionfor2000Thisrepresentsanincreaseof77millionor134from1999TheVillageexpectsretailssalestocontinuetoasadditionalgrowretailspacecurrentlyunderconstructioncomesonlinefamilyfiguresthattheaverageincomeofGlenviewMedianincomefromthe1990CensusshowresidentsfarexceedscountyandstateaveragesAccordingtotheCensusBureauGlenviews1990medianfamilyincomewas67412comparedto38664fortheStateand35225fortheUnitedStatesThisrankedGlenviewasthefifthwealthiestcommunityintheStateofIllinoisamongstcommunitieswithpopulationsover25000TheVillagealsorankedfifthintermsofmedianhouseholdincomeandfourthinpercapitaincomewhencomparedtothesesamecommunities FormanyyearstherewasnosubstantialnewcommercialorresidentialconstructionactivityaslittlevacantlandwasavailablefordevelopmentHoweverconstructionactivityhasincreaseddramaticallythe1100acreformerGlenviewNavalAirStationTheGlendevelopsasWithinthewholeVillageduring2000therewere18newcommercialdevelopmentsconstructedwithatotalvalueof33millionand223newresidentialhousingpermitsissuedMajorInitiativesFortheYear2000wasanotheryearofsignificantadvancesintheVillageseffortstoredevelopTheGlenTheNavyandtheVillagecametoagreementontheEconomicDevelopmentConveyanceoftheNavybasein1998andinlightofthelanduseplanandthemassiveinfrastructureimprovementsneededtoachievethatplantheVillagewillhaveacquiredthe1100acrebasepropertyforapproximately21millionAsofDecember312000morethan1000acreshadbeendeededtotheVillageTheremainderofthepropertywillbetransferredtotheVillageoncetheNavycompletesallrequiredenvironmentalcleanupwhichisanticipatedtooccurbytheendof2001Constructionbeganin1998ontheinitialinfrastructureimprovementsandisexpectedtocontinueinto2003Inadditionin1998theVillageestablishedaTaxIncrementFinancingDistrictTIForDistrictwhichencompassesTheGlenTheTIFwascreatedasariskmanagementtooltofacilitatetheredevelopmentoftheDistrictItistheVillagesintenttoclosetheDistrictwhenthecostsassociatedwiththeredevelopmenthavebeenfullyaddressedAsaresultoftheextensiveworktodevelopadatabaseof1200marketingcontactsRFPswerereceivedfrom57developergroupsin1998ontheparcelsofferedfordevelopmentFollowinganalysisofthebidsreceiveditwasdeterminedthatallparcelsreceivedmultiplebidsfromqualifieddevelopersNegotiationswereconcludedwithdevelopersresultinginthereceiptsof85millioninlandsalesin1999and42millionduring2000During1999theVillageestablishedtheVillagePermanentFundTheVillagetransfers20oftheLandSalesproceedsintothisfundforVillagewideimprovementsaswellasprovidingliquiditytotheTIFprojectintheneartermFortheFuture2001isexpectedtobeanotheractiveyearrelativetotheredevelopmentofTheGlenwithapproximately85millionofinfrastructureconstructionscheduledTheRedevelopmentstaffbasbeennegotiatingwithdevelopersontheremainingparcelsanditisanticipatedthatthebalanceoftheparcelswillbesoldin2001ThefocusduringtheyearwillbeontheactivitiessurroundingthedevelopmentoftheMixedUseRetailCenterMURCandworkingwithdeveloperstosecuretheoptimalbusinessmix During2001theVillagewillbegintheprocesstoupdateitsComprehensivePlanItisanticipatedthatthisprocesswilltake15to18monthsandwillprovidetheVillagewithacontextforfuturedevelopmentthroughouttheVillageOthernotableprojectsfor2001includethepurchaseandinstallationofanewphonesystemforalloperatingdepartmentsaspaceutilizationstudytodeterminethemostefficientmeanstoaddresstheneedsofthePoliceDepartmentandVillageHalltheestablishmentofaFireCommunicationsCentertohandlefireandEMScallsandwireless911milsthedesignandconstructionoftwoadditionalfirestationstoensureappropriateresponsetimesthroughouttheVillageandtheimplementationofnewsoftwaretoassisttheDevelopmentDepartmentinitspermittingfunctionFinancialInformationManagementoftheVillageisresponsibleforestablishingandmaintaininginternalcontrolsdesignedtoensurethattheassetsoftheVillageareprotectedfromlosstheftormisuseandtoensurethatadequateaccountingdataiscompiledtoallowforthetimelypreparationoffinancialstatementsinconformitywithgenerallyacceptedaccountingprinciplesInternalcontrolsaredesignedtoprovidereasonablebutnotabsoluteassurancethattheseobjectivesaremetTheconceptofreasonableassurancerecognizesthat1thecostofacontrolshouldnotexceedthebenefitslikelytobederivedand2thevaluationofthecostsandbenefitsrequiresandjudgementsbymanagementestimatesBudgetaryControlTheobjectiveofbudgetarycontrolsistoensurecompliancewithlegalprovisionsembodiedintheannualbudgetadoptedbytheVillagesgoverningbodyThebudgetcoversactivitiesofthegeneralspecialrevenuedebtserviceenterpriseinternalserviceandcertaincapitalandfiduciaryfundsAllappropriationslapseatyearendbutopenpurchaseordersareusuallyrebudgetedforinthesubsequentyearThelevelofbudgetarycontrolthatisthelevelatwhichexpenditurescannotexceedthebudgetedamountisestablishedatthefundlevelTheVillagemaintainsanencumbranceaccountingsystemforthegovernmentalandproprietaryfundsasonemethodofaccomplishingbudgetarycontrolsEncumbrancesoutstandingatyearendifanyarereportedasareservationoffundbalancesincetheydonotconstituteexpendituresliabilitiesorGeneralGovernmentFnnctionThefollowingtablepresentsasummaryofrevenuesavailableforgeneralgovernmentalfunctionstheGeneralSpecialRevenueDebtServiceFundsandcomponentunitLibraryFundsfortheyearendedDecember312000withcomparisonstothepreviousyearvii IncreasePercent2000PercentDecreaseIncreaseRevenuesAmountofTotalFrom1999DecreasePropertyTaxes11467708308911396311103OtherTaxes46429021251224436508TotalTaxes1611061043401364067925LicensesandPermitst7373994685037194083Intergovernmental143947953878942570701ChargesforServices28272887625350732334FinesandForfeits284949077593681724InterestEarnings113324830579407Miscellaneous6336261718887375838TotalRevenues37121915100002396530690Totalgeneralgoverlunentalrevenuesfortheyearamountedto37132334Thisrepresentsanincreaseof2406949or693over1999Propertytaxrevenuesforgeneralgovernmentalpurposesarereflectanincreaseof1139631or1103Othertaxrevenuestotaled4642902representinganincreaseof224436or508ThemostsignificantcomponentsofOtherTaxesaretheUtilityTaxwhichamountedto3712583anincreaseof1397andtheHotelTaxwhichgenerated872019andincreaseof858Theincreaseintheutilitytaxreceiptsaresomewhatmisleadingastheareasmajorelectricutilitywasunabletogenerateactualbillsformostof1999andinsteadwasmakingpaymentsbasedonprioryearaveragesTheutilityremediedthisproblemandbeganissuingactualbillsinJanuary2000butthebasisforcomparisonsuspectRevenuefromthesaleoflicensesandpermitstotaled1737399anincreaseof503719or4083comparedto1999Buildingpermitrevenuetotaled1420971anincreaseof453160from1999WhileamajorityofthepermitrevenueisassociatedwithdevelopmentatTheGlenasignificantportionisattributabletobuildingactivityelsewherewithintheVillageandanindicatoroftheareasstrongeconomyIntergovernmentalrevenuesincreased942570to14394795anincreaseof701over1999ThelargestsinglecomponentofincreaseinthisrevenuecategoryisSalesTaxwhichtotaled6522922anincreaseof764305or1327over1999IncomeTaxthenextlargestcomponenttotaled2990432anincreaseof913OthersignificantcomponentsofrevenueinthiscategoryarepaymentsfromtheGlenbrookFireProtectionDistrictforfireprotectionandEMSservicewhichtotaled1968076down155916or734andMotorFuelTaxat1141541whichsawanincreaseof188653or1979duetohigherfuelpricesviii IIChargesforServicestotaled2827288anincreaseof2334comparedto1999ThelargestcomponentofthisrevenuecategoryisEngineeringfeeswhichincreasedfrom382103in1999Ito781081in2000ThecauseforthissignificantincreaseisattributabletOtheEngineeringportionofthedevelopmentandinfrastructureworkatTheGlenIInterestearningsinthosefundsprovidinggeneralgovernmentalfunctionstotaled1133218adecreaseof794FollowingisabreakdownofinvestmentearningsbyfundtypeI20001999InterestInterestIncreaseIFundTypeEarningsEarningsDecreaseGeneral665382478582186800ISpecialRevenue910037504415959DebtService275904474188198284LibraryComponentUnit1009591062285269ITOTAL11332481134042794ITheincreaseininterestearningsfortheGeneralFundandSpecialRevenueFundcanbeattributedtoclosermonitoringofshorttermcashwiththeimplementationofnewinvestmentmonitoringIsoftwarewhilethedecreaseforthedebtservicefundscanbeattributedtothefactthatcapitalizedinterestwhichgeneratedinterestearningsinprioryearshasbeenexpendedleavingfewerdollarsavailableforinvestmentIMiscellaneousrevenuestotaled633626for2000adecreaseof888737from1999Includedinthe1999amountwas531593whichwasattributabletolandsalesunrelatedtoTheGlenIFollowingisatableshowingexpendituresbyserviceareawithcomparisonstothepreviousyeariforthegeneralspecialrevenuedebtserviceandcomponentunitLibraryfundsIncreasePercentI2000PercentDecreaseIncreaseExpendituresAmountofTotalfrom1999DecreaseiGeneralGovermnent12789380306734504853695PublicSafety135641273253955849758HighwaysandStreets53829531291381494662Pensions140358133746791345ICultureandRecreation3488166837260293806DebtService50698811215211521108067iTotalExpenditures4169808810000168201862874IJI IITotalexpendituresforgeneralgovernmentalfunctionsin2000were41698088adecreaseofI16820186or2874over1999Asexplainedfurtherbelowtheprimarycauseofthedecreaseinthegovernmentalfunctionexpenditurescanbeattributedtoreduceddebtservice1paymentsrelatedtotheredevelopmentofTheGlenGeneralgovernmentalexpenditurestotaled12789380anincreaseof3450485or3695ITherearetwoprimarycausesforthishugeincreasethefirstaonetimeeventwasthepurchaseofaparcelofpropertyatacostof2375000thesecondwastheinitialactivityassociatedwiththeSpecialTaxAllocationFundwhichamountedto1108986Thisfundwillexistuntilthe1TIFDistriCtisdissolvedExpendituresinthePublicSafetycategorytotaled13564127anincreaseof955849orI758andisprimarilyduetotheadditionofpersonnelandtheprogressionofemployeesonthestepplanExpendituresinthehighwaysandstreetscategorytotaled5382953in2000adecreaseof381494or662comparedto1999IDebtserviceexpendituresamountedto5069881comparedto26221991in1999Ofthetotalexpendituresfor1999221millionwasforthetwobondissuesrelatedtothe1redevelopmentofTheGlentheSeries1995BondAnticipationBondsandtheSeries1996GeneralObligationBondsThefmalprincipalpaymentontheSeries1995BondAnticipationBondissueamountedto200millionin19991GeneralFundBalance1ITheGeneralFundended2000withadeficiencyofrevenuesandotherfinancingsourcesoverexpendituresandotherfinancingusesof1312955Thisbroughttheundesignatedfundbalance1to10844349atDecember312000theequivalentof347ofactual2000expendituresandtransfersEnterpriseOperationsITheVillagehasfiveenterpriseoperationsaccountedforinitsfinancialstatementsthosebeing1theWaterworksFundtheWholesaleWaterFundtheSewerageFundtheNorthMaineWaterandSewerFundandtheCommuterParkingLotFund1TheWaterworksFundrecordednetincomeof38629fortheyearendedDecember312000Thefmancialconditionofthefundremainsstrongwithcashandinvestmentstotaling2516757II IITheWholesaleWaterFundrecordedanetlossof25848fortheyearresultinginretainedearningsof733552ITheNorthMaineWaterandSewerFundrecordedanetlossof311730for2000Ofthisamount249857istheresultofaonetimewritedownofreceivablesassociatedwiththeIpurchaseofthesystemTheFundendedthewithcashandinvestmentsof920567yearTheSewerageFundrecordedanetlossof92383for2000andendedtheyearwithcashandIinvestmentsof436281iFinallytheCommuterParkingLotFundrecordednetincomeof46050for2000andendedtheyearwithcashandinvestmentsof719617Ofthecashandinvestmenttotal500000isagrantfromMETRAtobeusedfortheconstructionofthenewtrainstationatTheGlenIEmployeePensionsPoliceswornpersonnelarecoveredbythePolicePensionFundandswornfirefightersarecoveredIbytheFirefightersPensionFundBothoftheseplansaredefinedbenefitsingleemployerplansadministeredbylocalboardsoftrusteesThebenefitsandemployerandemployeecontributionsaregovernedbystatestatutesIDuring2000theVillageretainedtheservicesofindependentactuarytoperformanactuarialvaluationonthepoliceandfirefighterpensionplansasofDecember311999FollowingisIinformationforthefundssuuullarytwoIPoliceFhefightersPensionFundPensionFundiActuarialAccruedLiability1231992576988434999514ValueofPlanAssets1231992562927036747302PercentFunded123199994510499iChangeinNetAssetsFYE12310035279053419586ValueofNetAssets1231002915717540166889IIn1993theStateofIllinoisincreasedthebenefitsprovidedtopoliceandfirefighterpensionfundbeneficiariesThechangesincreasedthepensionbenefitobligationofbothfundsbutespeciallythatofthepolicepensionfundwhereaprovisionwasmadetocompoundannualincreasesinIpensionbenefitsMunicipalitieshaveuntiltheyear2033tofullyfundtheirpoliceandfirefighterpensionplansTheincreaseinassetvaluecanbeattributedtothenetappreciationinfairvalueofinvestmentsinthePensionTrustFundsThedecreasewasparticularlyreflectiveoftheIreductioninmarketvalueofthelongtermTreasuryzeroBondsheldinbothfundsThecouponpurposeofmarkingtomarketistoshowthevalueofafundatagivenpointintimePracticallyhoweverasthesefundsdonothavecashflowproblemswhichwouldrequireIliquidatingpositionstheselossesareonlyforreportingpurposesIxI IAllotheremployeesoftheVillagewhoworkatleast1000hoursperyeararecoveredbytheIIllinoisMunicipalRetirementFundIMRFastatewidepensionplanIMRFactsastheadministrativeagentforlocalgovernmentsinIllinoisBenefitprovisionsandfunding1requirementsareestablishedbystatestatuteAtDecember312000theVillagewas11233fundedinIMRFDebtAdministrationIInDecember1999theVillageissued4970000ofgeneralobligationdebtforvariousinfrastructureimprovementsthroughouttheVillageAtthattimeMoodysInvestorsServicelaffumedtheVillagesAaageneralobligationbondratingassignedin1993AtDecember312000theVillagebad62930000ofgeneralobligationbondsoutstandingOflthisamount55090000isreflectedinthegenerallongtermdebtaccountgroupand7840000isrecordeddirectlyinthreeenterprisefundsTherewasalso2615192ofgeneralobligationnotesoutstandingatDecember312000AtDecember312000therewas2431244availableinthevariousdebtservicefundsfortheIpaymentofprincipalandinterestresultinginanetbondeddebtof52658756TheratioofnetbondeddebttoassessedvalueandtheamountofnetbondeddebtpercapitaareusefulindicatorsofamunicipalitysdebtpositionThisdataasofDecember311999isasfollows1NetGeneralObligationDebt52658756RatioofNetDebttoAssessedValue413RatioofNetDebttoActualValue138NetDebtPerCapita1258AdditionalinformationabouttheVillagesoutstandingdebtcanbefoundinthenotestothefinancialstatementsandthestatisticalsectionofthisreportIPropertyTaxInformationThecountyassessorsofficesarcresponsiblefordeterminingthcassessedvalueofrealpropertyutilizingmarketvaluesandestablishedassessmentratiosinIllinoisTheStateofIllinoisthenassignsanequalizationfactortoeachcountyinanattempttogetallpropertiesinthestateassessedatapproximately33ofmarketvaluePropertytaxesarebasedupontheequalizedassessedvalueEAVofalltaxablepropertiesAgovernmentstaxrateisdeterminedbydividingitstaxlevyintoitstotalEAVadjustingforanyratelimitationswhichmightbeapplicableIAtthetimethisreportwaspreparedinformationregardingthetaxratesandassessedvaluesforthe2000taxlevyyearwerenotyetavailableTheVillages1999totalequalizedassessedvaluationwas1243991673a72increasefromthe1998levyyearTheVillagesandtheLibrarycomponentunitscombinedtaxrateincreasedfrom09251for1998to09464for1999WhiletheratefortheLibrarydecreasedfrom02684to02628astheLibrarydidnot1xiiII IIincreaseitslevyamounttheVillageslevyincreasedfrom06567to06836astheVillagedecidedtoincreaseitsinvestmentininfrastructureimprovementsby600000IFollowingisasummaryoftheVillagestaxratesforthepastthreeyearsIFund199919981997IGeneralFund451340924572iSpecialRevenueFunds043904840554DebtServiceFunds152615291663iPensionTrustFunds035804620555SubtotalVillage683665677344ILibrary262826843036TotalCombinedTaxRate9464925110380IAdditionalinformationregardingtheVillagestaxratesassessedvaluesandtaxcollectionscanIbefoundinthestatisticalsectionofthisreportICashManagementiTheVillagespolicyregardingcashmanagementisbasedupontherealizationthatthereisatimevaluetomoneyAhighpriorityisplacedonprocedurestoensurethatmoniesduetheVillagearecollectedanddepositedaspromptlyaspossibleDisbursementsarecloselycontrolledIOfequalimportanceistheemphasisonthemanagementoftheVillagesinvestmentportfolioAllidlecashisinvestedinaccordancewithanestablishedinvestmentpolicyTheinvestmentIpolicyestablishessafetyofprincipalastheforemostobjectiveThepolicyprovidesforfullcollateralizationofalldepositsinexcessofFDIClimitsTheVillageisnotpermittedtoleverageitsportfolioorinvestinriskyderivativesAiloftheVillagesDepositsandInvestmentsareICategory1meaningthatallDepositsarecoveredbyfederaldepositoryinsuranceorbycollateralheldbytheVillageoritsagentintheVillagesnameandallInvestmentsareinsuredorregisteredorareheldbytheVillageoritsagentintheVillagesnameIIxiii IFollowingisasummaryoftotalinvestmentearningsandweightedaverageyieldsforeachoftheIvariousfundtypesIInvestmentIncome1YearEndedFundType123100AverageYieldGeneralFund665382624lSpecialRevenueFunds91003598DebtServiceFunds275904529CapitalProjectFunds5021621604IEnterpriseFunds283645592InternalServiceFunds129888621IExpendableTrustFunds226099616Totals6693542622IRiskManagementITheVillagemaintainsaprotectedriskretentionprogramforpropertycasualtyandworkersIcompensationclaimsHealthinsuranceforemployeesandretireesisprovidedthroughapublicentityriskpoolAggregateumbrellaliabilitycoverageisprovidedthroughtheVillagesmembershipintheHighlevelExcessLiabilityPoolanotherpublicentityriskpool1TheVillagesinsuranceactivityisaccountedforinaninternalservicefundFortheyearendedDecember312000theInsuranceFundreportedanetlossof113749RetainedearningsatDecember312000amountedto3733331IOtherInformationIndependentAuditIStatestatutesrequireanannualauditbyindependentcertifiedpublicaccountantsTheaccounting1firmofCroweChizekandCompanyLLPperformedtheauditontheVillages2000financialstatementsTheindependentauditorsreportisincludedinthefinancialsectionofthisreportTheauditorshavegiventhisreportanunqualifiedopinionmeaningthatthefinancialstatements1fairlypresenttheVillagesfinancialpositionatDecember312000andtheresultsofoperationsfortheyearthenended11 IIIAwardsTheGovernmentFinanceOfficersAssociationoftheUnitedStatesandCanadaGFOAawardedIaCertificateofAchievementforExcellenceinFinancialReportingtotheVillageofGlenviewforitscomprehensiveannualfinancialreportCAFRforthefiscalyearendedDecember311999TheCertificateofAchievementisaprestigiousnationalawardrecognizingconformancewiththeIhighestpreparationofstateandlocalgovernmentfinancialreportsstandardsforiInordertobeawardedaCertificateofAchievementagovernmentmustpublishaneasilyreadableandefficientlyorganizedcomprehensiveannualfinancialreportwhosecontentsconformtoprogramstandardsTheCAFRmustsatisfybothgenerallyacceptedaccountingprinciplesandIapplicablelegalrequirementsACertificateofAchievementisvalidforaperiodofoneyearonlyTheVillageofGlenviewhasIreceivedaCertificateofAchievementforthelasteighteenconsecutiveyearsfiscalyearsended19821999WebelieveourcurrentreportcontinuestoconformtotheCertificateofAchievementprogramrequirementsandwillbesubmittingittoGFOAIAcknowledgmentsIcomprehensivereportonatimelybasiswasmadepossibleThepreparationoftheannualfmancialbythededicatedserviceoftheentirestaffoftheFinanceDepartmentEachmemberoftheIDepartmenthasmysincereappreciationforthecontributionsmadeinthepreparationofthisreportInparticularIwouldliketoacknowledgetheexcellentworkofHarrySakaiAssistantFinanceDirectorforhiseffortsincompilingthemountainofdatanecessarytocompletethisireportFinallyappreciationisexpressedtotheVillagePresidentandBoardofTrusteesandtheVillageIManagerfortheirleadershipandsupportinplanningandconductingthefiscalaffairsoftheVillageinaresponsiblemannerIRespectfullysubmittedI1DaielPWiersmaiDirectorofFinanceI IIIIIIIIIIIIIIIIIII REPORTOFINDEPENDENTAUDITORS IIIIIIIIIIIIIIIIIII CROWECHIZEKREPORTOFINDEPENDENTAUDITORSTheHonorableVillagePresidentMembersoftheBoardofTrusteesVillageofGlenviewIllinoisWehaveauditedtheaccompanyinggeneralpurposefinancialstatementsandthecombiningindividualfundandaccountgroupfinancialstatementsoftheVillageofGlenviewIllinoisasofandfortheyearendedDecember312000aslistedintheaccompanyingtableofcontentsandthegeneralfundbalancesheetasofDecember311999andtherelatedstatementofrevenuesexpendituresandchangesinfundbalancefortheyearendedDecember311999ThesefinancialstatementsaretheresponsibilityoftheVillageofGlenviewIllinoismanagementOurresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonourauditsWeconductedourauditsinaccordancewithgenerallyacceptedauditingstandardsThosestandardsrequirethatweplanandperformtheaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreeofmaterialmisstatementAnauditincludesexaminingonatestbasisevidencesupportingtheamountsanddisclosuresinthefinancialstatementsAnauditalsoincludesassessingtheaccountingprinciplesusedandsignificantestimatesmadebymanagementaswellasevaluatingtheoverallfinancialstatementpresentationWebelievethatourauditsprovideareasonablebasisforouropinionInouropinionthegeneralpurposefinancialstatementsreferredtoabovepresentfairlyinallmaterialrespectsthefinancialpositionoftheVillageofGlenviewIllinoisasofDecember312000andtheresultsofitsoperationsandthecashflowsofitsproprietaryfundtypesfortheyearthenendedinconforrtfitywithgenerallyacceptedaccountingprinciplesAlsoinouropinionthecombiningindividualfundandaccountgroupfinancialstatementsreferredtoabovepresentfairlyinallmaterialrespectsthefinancialpositionofeachoftheindividualfundsandaccountgroupsoftheVillageofGlenviewIllinoisasofDecember312000andtheresultsofoperationsofsuchfundsandthecashflowsofindividualproprietaryfundsfortheyearthenendedandthefinancialpositionoftheGeneralFundasofDecember311999andtheresultsofoperationsoftheGeneralFundfortheyearthenendedinconformitywithgenerallyacceptedaccountingprinciples IIIIIIIIIIIIIIIIII OurauditwasmadeforthepurposeofforminganopiniononthegeneralpurposefinancialstatementstakenasawholeandonthecombiningindividualfundandaccountgroupfinancialstatementsTheaccompanyingfinancialinformationHstedassupplementalandschedulesintheaccompanyingtableofcontentsandtheanalysisoffundingprogressandemployercontributioninformationonpages44to49ispresentedforpurposesofadditionalanalysisandisnotarequiredpartofthefinancialstatementsoftheVillageofGlenviewIllinoisSuchirrformationhasbeensubjectedtotheauditZngproceduresappliedintheauditsofthegeneralpurposecombiningindividualfundandaccountgroupfinancialstatementsandinouropinionisfairlypresentedinallmaterialrespectsinrelationtothegeneralpurposefinancialstatementsandeachofthecombiningindividualfundandaccountgroupfinancialstatementstakenasawholeTheintroductoryandstatisticalLrfformationlistedinthetableofcontentswasnotauditedbyusandaccordinglywedonotexpressanopinionthereonCroweChizekandCompanyLLPOakBrookIllinoisMay92001 IIIIIIiIIIIIIIIIII VILLAGEOFGLENVIEWILLINOISAilFundTypesandAccountGroupsandDiscretelyPresentedComponentUnitCombinedBalanceSheetDecember312000SeeFollowingPage VILLAGEOFGLENVIEWILLINOISAllProprietaryFundTypesCombinedStatementofRevenuesExpensesandChangesinRetainedEarningsYearEndedDecember312000withcomparativetotalsfor1999IProprietaryFundTTpesTotalsInternalMemorandumOnly1EnterpriseService20001999OperalngrevenuesIChargesforservices1399691537392571773617217847829Miscellaneous225184330114555298569765Totaloperatingrevenues1422209940693711829147018417594OperatingexpensesAdministration820199820199664600Operations890854142202641312880511629652Depreciationandamortization10312761031276983138Totaloperatingexpenses1076001642202641498028013277390Operatingincomeloss346208315089333111905140204NonoperatingrevenuesexpensesInterestincome283645129888413533357578Interestexpenseandfiscalcharges569976569976606320286331129888156443248742Incomelossbeforeoperatingtransfers317575221005315474748914621Operatingtransfersin3400003400001070783Operatingtransfersout3861034116003872634274231035210341160035326341671527Netincomeloss345282326053778873219935RetainedearningsJanuaryI2136083439915342535236822132433December31210155395892924974481253523681Seeaccompanyingnotestofinancialstatements6I VILLAGEOFGLENVIEWILLINOISAllPensionTrustFundsCombinedStatementofChangesinPlanNetAssetsYearEndedDecember312000withcomparativetotalsfor1999PoliceFirefightersTotalsPensionPension20001999AdditionsContributionsemployerTaxes427409173790601199544684Contributionsplanmembers386898398513785411733298InvestmentincomeNetappreciationdepreciationinfairvalueofinvestments3050660170578447564442799925Interestearnedoninvestments53677222307112767483545095Totaladditions440173945087988910537976848DeductionsPensionsandrefunds869740107953319492731736002MiscellaneousContractualprofessionalservices40949679137739702Totaldeductions873834108921219630461745704Netincreasedecrease3527905341958669474912722552NetassetsheldintrustforpensionbenefitsJanuary125629270367473036237657365099125December3129157175401668896932462376573Seeaccompanyingnotestofinancialstatements7 VILLAGEOFGLENVIEWILLINOISIAllProprietaryFundTypesCombinedStatementofCashFlowsYearEndedDecember312000withcomparativetotalsfor1999IInternalMemorandumOnlyAdvancefromothertmcls40815640815668186Operatingravsferout3861034016003872634274231035210341160035326341671527Principalpaidongeneralobligationbonds56829856829860472010625381062538309490219222881439519078934386943Seeaccompanyingnotestofinancialstatementsl81 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTESUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESThefinancialstatementsoftheVillageofGlenviewIllinoisGovernmenthavebeenpreparedinconformitywithgenerallyacceptedaccountingprinciplesGAAPasappliedtogovernmentunitsTheGovernmentalAccountingStandardsBoardGASBistheacceptedstandardsettingbodyforestablishknggovernmentalaccountingandfinancialreportingprinciplesThemoresignificantoftheGovernmentsaccountingpoliciesaredescribedbelowReportingEntityTheGovernmentamunicipalcorporationgovernedbyanseveniselectedmemberboardAsrequiredbygenerallyacceptedaccountingprinciplesthesefinancialstatementspresenttheGovernmenttheprimarygovernmentanditscomponentunitsTheGovernmentsfinancialstatementsincludepensiontrustfundsPolicePensionEmployeesRetirementSystemTheGovernmentspoliceemployeesparticipateinthePolicePensionEmployeesRetirementSystemPPERSPPERSfunctionsforthebenefitoftheseemployeesandisgovernedbyafivememberpensionboardconsistingoftwomembersappointedbytheGovernmentsPresidentoneelectedpensionbeneficiaryandtwoelectedpoliceTheGovernmentandPPERSparticipantsareobligatedtofundallPPERScostsbaseduponactuarialvaluationsTheStateofIllinoisisauthorizedtoestablishbenefitlevelsandtheGovernmentisauthorizedtoapprovetheactuarialassumptionsusedinthedeterminationofcontributionlevelsAlthoughitpossessesmanyofthecharacteristicsofalegallyseparategovernmentthePPERSisreportedasifitwerepartoftheprimarygovernmentbecauseitssolepurposeistofinanceandadministerthepensionsoftheGovernmentspoliceemployeesandbecauseofthefiduciarynatureofsuchactivitiesThePPERSisreportedasapensiontrustfundFirefightersPensionEmployeesRetirementSystemTheGovernmentsfirefightersparticipateintheFirefightersPensionEmployeesRetirementSystemFPERSFPERSfunctionsforthebenefitoftheseemployeesandisgovernedbyaninememberpensionboardconsistingoftheGovernmentsPresidentTreasurerClerkAttorneyandFireChiefoneelectedpensionbeneficiaryandthreeelectedfireemployeesTheGovernmentandFPERSparticipantsareobligatedtofundallFPERScostsbaseduponactuarialvaluationsTheStateofIllinoisisauthorizedtoestablishbenefitlevelsandtheGovernmentisauthorizedtoapprovetheactuarialassumptionsusedinthedeterminationofcontributionlevelsAlthoughitpossessesmanyofthecharacteristicsofalegallyseparategovernmentreportedaswerepartprimarygovernmenttheFPERSifitofthebecauseitssolepurposeistofinanceandadministerthepensionsoftheGovernmentsfirefightersandbecauseofthefiduciarynatureofsuchactivitiesTheFPERSisreportedasapensionhmstfundContinued VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE1SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedBasisofAccountingContinuedAllproprietaryfLndsandpensiontrustfundsareaccountedforonaflowofeconomicresourcesmeasurementfocusWiththismeasurementfocusallassetsandallliabilitiesassociatedwiththeoperationofthesefundsareincludedonthebalancesheetProprietaryfundtypefundequityienettotalassetsissegregatedintocontributedcapitalandretainedearningscomponentsProprietaryfundtypeoperatingstatementspresentincreasesierevenuesanddecreasesieexpensesinnettotalassetsThemodifiedaccrualbasisofaccountingisusedbyallgovernmentalfundtypesexpendabletrustfundsandagencyfundsUnderthemodifiedaccrualbasisofaccountingrevenuesarerecognizedwhensusceptibletoaccrualiewhentheybecomebothmeasurableandavailableMeasurablemeanstheamountofthetransactioncanbedeterminedandavailablemeanscollectiblewithinthecurrentperiodTheGovernmentrecognizespropertytaxeswhentheybecomebothmeasurableandavailableinaccordancewithGASBCodificationSectionP70AoneyearavailabilityperiodisusedforrevenuerecognitionforallothergovernmentalfundrevenuesExpendituresarerecordedwhentherelatedfundliabilityisincurredPrincipalandinterestongenerallongtermdebtarerecordedasfundliabilitieswhendueorwhenamountshavebeenaccumulatedinthedebtservicefundforpaymentstobemadeearlyinthefollowingyearThoserevenuessusceptibletoaccrualarepropertytaxesfranchisetaxeslicensesinterestrevenueandchargesforservicesSalesincomeandmotorfueltaxesandfinescollectedandheldbythestateatyearendonbehalfoftheGovernmentalsoarerecognizedasrevenuePermitrevenuesarenotsusceptibletoaccrualbecausegenerallytheyarenotmeasurableuntilreceivedincashaccrualbasisofaccountingisutilizedbyproprietaryfundtypespensiontrustfundsandThenonexpendabletrustfundsUnderthismethodrevenuesarerecordedwhenearnedandexpensesarerecordedatthetimeliabilitiesareincurredTheGovernmentreportsdeferredrevenueonitscombinedbalancesheetDeferredrevenuesarisewhenapotentialrevenuedoesnotmeetboththemeasurableandavailablecriteriaforrecognitioninthecurrentperiodDeferredrevenuesalsoarisewhenresourcesarereceivedbytheGovernmentbeforeithasalegalclaimtothemaswhengrantmoniesarereceivedpriortotheincurrenceofqualifyingexpendituresLrsubsequentperiodswhenbothrevenuerecognitioncriteriaaremetorwhentheGovernmenthasalegalclaimtotheresourcestheliabilityfordeferredrevenueisremovedfromthecombinedbalancesheetandrevenueisrecognizedContinued VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE1SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedBudgetsBudgetsareadoptedonabasisconsistentwithgenerallyacceptedaccountingprinciplesAnnualappropriatedbudgetsareadoptedatthefundlevelfortheGeneralSpecialRevenueexcepttheSpecialTaxAllocationFundDebtServiceandCapitalProjectsFundsexceptthe2000ProjectFundonthemodifiedaccrualbasisandfortheEnterpriseInternalServiceandPensionTrustFundsontheaccrualbasisTheannualappropriatedbudgetislegallyenactedandprovidesforalegallevelofcontrolatthefundlevelAllannualappropriationslapseatfiscalyearendDuringthecurrentyearbudgetswerenotadoptedforthefollowingfundsSpecialRevenueFundsSpecialTaxAllocationFundCapitalProjectsFunds2000ProjectFundThesourceofrevenueandnatureofexpendituresforthesefundsarenotsubjecttopredictionandthereforebudgetswerenotadoptedBudgetandactualcomparisonsfortheCapitalProjectsFundsexcludetheaforementonedfundsThefollowingisareconciliationoftheCapitalProjectsandSpecialRevenueFundspresentedonabudgetarybasistotheGAAPbasispresentationCapitalSpecialProjectsRevenueFundsFundsFundBalancesBudgetedFundsatDecember312000NonGAAPBasis1027808182242647NonbudgetedFundBalancesSpecialTaxAllocation34772000Project489241848924183477FundBalancesatDecember312000GAAPBasisContinued VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE1SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedBudgetsContinuedTheGovernmentdoesnotrecordencumbrancesCashandInvestmentsForpurposesofthestatementofcashflowstheGovernmentsproprietaryfundtypesconsiderallhighlyliquidinvestmentswithanoriginalmaturityofthreemonthsorlesswhenpurchasedtobecashequivalentsInvestmentsInaccordancewithGovernmentAccountingStandardBoardStatementNo31allinvestmentsarestatedatfairvalueShortTermInterfundReceivablesPayablesDuringthecourseofoperationsnumeroustransactionsoccurbetweenindividualfundsforgoodsprovidedorservicesrenderedThesereceivablesandpayablesareclassifiedasduefromotherfundsorduetootherfundsonthebalancesheetShortterminterfundloansifanyareclassifiedasinterfundreceivablespayablesInventoriesInventoriesarevaluedatcostwhichapproximatesmarketusingthefirstInfirstoutFIFOmethodThecostsofgovernmentalfundtypeinventoriesarerecordedasexpenditureswhenconsumedratherthanwhenpurchasedPrepaidItemsExpensesPaymentsmadetovendorsforservicesthatwillbenefitperiodsbeyondthedateofthisreportarerecordedasprepaiditemsexpensesFixedAssetsGeneralfixedassetsarenotcapitalizedinthefundsusedtoacquireorconstructthemInsteadcapitalacquisitionandconstructionarereflectedasexpendituresingovernmentalfundsandtherelatedassetsarereportedinthegeneralfixedassetsaccountgroupAllpurchasedfixedassetsarevaluedatcostwherehistoricalrecordsareavailableandatanestimatedhistoricalcostwherenohistoricalrecordsexistDonatedfixedassetsarevaluedattheirestimatedfairvalueonthedatereceivedThecostsofnormalmaintenanceandrepairsthatdonotaddtothevalueoftheassetormateriallyextendassetlivesarenotcapitalizedImprovementsarecapitalizedanddepreciatedovertheremainingusefullivesoftherelatedfixedassetsasapplicablePublicdomaininfrastructuregeneralfixedassetsconsistingofroadsbridgescurbsandguttersstreetsandsidewalksdrainagesystemsandlightingsystemsarenotcapitalizedastheseassetsareimmovableandofvalueonlytotheGovernmentContinued14 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE1SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedFixedAssetsContinuedAssetsinthegeneralfixedassetsaccountgrouparenotdepreciatedDepreciationofbuildingsequipmentwatersewersystemsandvehiclesintheproprietaryfundtypesiscomputedusingthestraightlinemethodInterestiscapitalizedonproprietaryfundassetsacquiredwithtaxexemptdebtTheamountofinteresttobecapitalizediscalculatedbyoffsettinginterestexpenseincurredfromthedateoftheborrowinguntilcompletionoftheprojectwithinterestearnedoninvestedproceedsoverthesameperiodCompensatedAbsencesVestedoraccumulatedvacationleavethatisexpectedtobeliquidatedwithexpendableavailablefinancialresourcesisreportedasanexpenditureandafundliabilityofthegovernmentalfundthatwillpayitVestedoraccumulatedvacationleaveofproprietaryfundsisrecordedasanexpenseandliabilityofthosefundsasthebenefitsaccruetoemployeesLongTermObligationsLongtermdebtisrecogrfizedasaliabilityofagovernmentalfundwhendueorwhenresourceshavebeenaccumulatedinthedebtservicefundforpaymentearlyinthefollowingyearForotherlongtermobligationsonlythatportionexpectedtobefinancedfromexpendableavailablefinancialresourcesisreportedasafundliabilityofagovernmentalfundTheremaixingportionofsuchobligationsisreportedinthegenerallongtermdebtaccountgroupLongtermliabilitiesexpectedtobefinancedfromproprietaryfundoperationsareaccountedforinthosefundsFundEquityContributedcapitalisrecordedinfundsthathavereceivedproprietarygrantsorcontributionsfromdeveloperscustomersorotherfundsReservesrepresentthoseportionsoffundequitynotappropriableforexpenditureorlegallysegregatedforaspecificfutureuseDesignatedfundbalancesrepresenttentativeplansforfutureuseoffinancialBondDiscountsIssuanceCostsIngovernmentalfundtypesbonddiscountsandissuancecostsarerecognizedinthecurrentperiodBonddiscountsandissuancecostsforproprietaryfundtypesaredeferredandamortizedoverthetermofthebondsusingthebondsoutstandingmethodwhichapproximatestheeffectiveinterestmethodBonddiscountsarepresentedasareductionofthefaceamountofbondspayablewhereasissuancecostsarerecordedasdeferredchargesContinued15 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE1SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESContinuedInterfundTransactionsQuasiexternaltransactionsareaccountedforasrevenuesexpendituresorexpensesTransactionsthatconstitutereimbursementstoafundforexpendituresexpensesinitiallymadefromitthatareproperlyapplicabletoanotherfundarerecordedasexpendituresexpensesinthereimbursingfundandasreductionsofexpendituresexpensesinthefundthatisreimbursedAllotherinterfundtransactionsexceptquasiexternaltransactionsandreimbursementsarereportedastransfersNonrecurringornonroutinepermanenttransfersofequityarereportedasresidualequitytransfersAllotherinterfundtransfersarereportedasoperatingtransfersMemorandumOnlyTotalColumnsTotalcolumnsonthegeneralpurposefinancialstatementsarecaptionedmemorandumonlytoindicatethattheyarepresentedonlytofacilitatefinancialanalysisDatainthesecolumnsdonotpresentfinancialpositionorresultsofoperationsinconformitywithgenerallyacceptedaccountingprinciplesNeitheraresuchdatacomparabletoaconsolidationInterftmdeliminationshavenotbeenmadeintheaggregationofthisdataComparativeDataComparativetotaldatafortheprioryearhavebeenpresentedinselectedsectionsoftheaccompanyingfinancialstatementsinordertoprovideanunderstandingofchangesintheGovernmentsfinancialpositionoperationsandcashflowsTherehavebeensomereclassificationsbetweenindividuallinesintheprioryearcolumnsinordertopresentmorecomparabledataGASBPronouncementsTheGovernmenthaselectedundertheprovisionsofGASBStatement20titledAccountingandFinancialReportingforProprietaryFundsandOtherGovernmentalEntitiesThatUseProprietaryFundAccountingtoapplyallapplicableGASBpronouncementsandallFASBStatementsandInterpretationsAccountingPrinciplesBoardAPBOpinionsandAccountingResearchBulletinsARBissuedonorbeforeNovember301989unlesstheyconflictwithorcontradictGASBpronouncementsNOTE2LEGALCOMPLIANCEANDACCOUNTABILITYBudgetsAlldepmtmentsoftheGovernmentsubmitrequestsforappropriationtotheGovernmentsmanagersothatabudgetmaybepreparedThebudgetispreparedbyfundandincludesinformationonthepastyearcurrentyearestimatesandrequestedappropriationsforthenextfiscalyearContinued16 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE2LEGALCOMPLIANCEANDACCOUNTABILITYContinuedBudgetsContinuedTheproposedbudgetispresentedtothegoverningbodyforreviewThegoverningbodyholdspublichearingsandmayaddtosubtractfromorchangeappropriationsbutmaynotchangetheformofthebudgetThemanagerisauthorizedtotransferbudgetedamountsbetweendepartmentswithinanyfundhoweveranyrevisionsthatalterthetotalexpendituresofanyfundmustbeapprovedbythegoverningbodyExpendituresmaynotlegallyexceedbudgetedappropriationsatthefundlevelDuringtheyearasupplementaryappropriationwasnecessaryDeficitFundBalancesofIndividualFundsThefollowingfundshadadeficitinfundbalanceretainedearningsasofthedateofthisreportundDeficitBalancoNorthMaineWaterandSewer421839CorporatePurposeBondSeriesof2000800ExcessofActualExpendituresExpensesOverBudgetinIndividualFundsThefollowingfundshadanexcessofactualexpendituresexpensesexclusiveofdepreciationandamortizationoverbudgetforthefiscalyearFundExcessIllinoisMunicipalRetirement15007CorporatePurposeBondSeriesof2000GlenLandSales8002000Project1340085WholesaleWater78340MunicipalEquipmentRepair45819Insurance69033343245NOTE3DEPOSITSANDINVESTMENTSTheGovernmentmaintainsacashandinvestmenpoolthatisavailableforusebyallfundsexceptthepensiontrustfundsEachfundtypesportionofthispoolisdisplayedonthecombinedbalancesheetascashandinvestmentsInadditioninvestmentsareseparatelyheldbyseveraloftheGovernmentsfundsThedepositsandinvestmentsofthepensiontrustfundsareheldseparatelyfromthoseofotherfundsCashonhandof4332fortheprimarygovernmentand950forthecomponentunithasbeenexcludedfromtheamountsshownbelowContinued17 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE3DEPOSITSANDINVESTMENTSContinuedInvestmentsContinuedThepensiontrustfundsown4percentoftheinvestmentsinCategory1ComponentUnitCategory23TotalsCorporatebonds865522965522USAgencysecurities5000005000001465522TheIllinoisFunds68593TotalinveslmaentsNotsubjecttoriskcategorizationThefaitvalueofthepositionintheextemalpoolisthesameasthevalueofthepoolsharesanditisSECregisteredNOTE4RECEIVABLESTAXESPropertytaxesfor2000attachasanenforceablelienonJanuary12000onpropertyvaluesassessedasofthesamedateTaxesarelevedbyDecemberofthefiscalyearbypassageofaTaxLevyOrdinanceTaxbillsarepreparedbytheCountyandissuedonoraboutFebruary12000andAugust12000andarepayableintwoinstallmentsonoraboutMarch12000andSeptember12000TheCountycollectssuchtaxesandremitsthemperiodicallyTheallowanceforuncollectibletaxeshasbeenstatedat2ofthetaxlevytoreflectactualcollectionexperienceContinued20 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE5FIXEDASSETSGeneralFixedAssetsAccountGroupThefollowingisasummaryofchangesinthegeneralfixedassetsaccountgroupduringthefiscalyearBalancesBalancesPrimaryGovernmentlanuary1AdditionsRetirementsDecember31Land50050956387585643853Buildingsandimprovements100894327153810160970Equipment85222138148236883728648664Furniture295072295072Officeequipment6771011214968925024588913153726868837225437809DiscretelyPresentedBalancesBalancesComponentUnitLibraryanuary1AdditionsRetirementsDecember31Land500000500000Buildingsandimprovements41254884125488Furnitureandequipment856234140448702785481722140445495766ProprietaryFixedAssetsThefollowingisasummaryofproprietaryfundtypefixedassetsasofthedateofthisreportEnterpriseFundsLandandimprovements302851Buildings243645Buildingimprovements203309Watersewersystems35636880Equipmentandvehicles2741595Officefurnitureandequipment1867239146952Accumulateddepreciation1197296727173985Continued21 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE5FIXEDASSETSContinuedInproprietaryfundsthefollowingestimatedusefullivesareusedtocomputedepreciationBuildingimprovements1020yearsWatersewersystems50yearsBuildings4050yearsEquipmentandvehicles310yearsOfficefurnitureandequipment310yearsNOTE6RISKMANAGEMENTTheGovernmentisexposedtovariousrisksoflossrelatedtotortstheftofdamagetoanddestructionofassetserrorsandomissionsinjuriestoemployeesillnessesofemployeesandnaturaldisastersTheGovernmentisserfinsuredforallrisksandhasestabhshedariskfinancingfundInsuranceFundFundforallrisksItisaccountedforasaninternalservicefundwhereassetsaresetasideforclaimsettlementsUnderthisprogramtheFundprovidescoverageuptoamaximumof1000000foreachgeneralliabilityclaim50000foreachworkerscompensationclaimand50000foreachpropertydamageclaimTheGoverrrmentpurchasescommercialinsuranceforclaimsinexcessofthecoveragesprovidedbytheFundSettledclaimshavenotexceededthiscommercialcoverageinanyofthepastthreefiscalyearsAllfundsoftheGovernmentparticipateandmakepaymentstotheFundbaseduponactuarialestimatesoftheamountsneededtopaypriorandcurrentyearclaimsLiabilitiesoftheFundarereportedwhenitisprobablethatalosshasoccurredandtheamountofthelosscanbereasonablyestimatedLiabilitiesincludeanamountforclaimsthathavebeenincurredbutnotreportedIBNRClaimliabilitiesarecalculatedconsideringtheeffectsofinflationrecentclaimsettlementtrendsincludingfrequencyandamountofpayoutsandothereconomicandsocietalfactorsChangesinthebalancesofclaimsliabilitiesduringthepasttwofiscalyearsareasfollowsFiscalYearEndedDecember3120001999Unpaidclaimsbeginng203095218650IncurredclaimsincludingIBNR9386949000Claimpayments2734264555Unpaidclaimsending269622203095Continued VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE6RISKMANAGEMENTContinuedIntergovernmentalPersonnelBenefitCooperativeIPBCTheGoverrmaentparticipatesintheIntergovernmentalPersonnelBenefitCooperativeIPBCIPBCisapublicentityriskpoolestabEshedbycertainunitsoflocalgovermnentinIllinoistoadministersomeorallofthepersonnelbenefitprogramsprimarilymedicaldentalandlifeinsurancecoverageofferedbyitsmemberstotheirofficersandemployeesandtotheofficersandemployeesofcertaInothergovernmentalquasigovernmentalandnonprofitpublicserviceentitiesRiskoflossisretainedbytheGovernmentexceptthatIPBCpurchasesexcesscoveragepoliciesManagementconsistsofaBoardofDirectorscomprisedofoneappoIntedrepresentativefromeachmemberInadditiontherearethreeofficersaBenefitAdministratorandaTreasurerTheGovernmentdoesnotexerciseanycontroloverachvitiesofIPBCbeyonditsrepresentationontheBoardofDirectorsHighLevelExcessLiabilityPoolHELPTheGovernmentparticipatesintheHighLevelExcessLiabilityPoolHELPHELPisapublicentityriskpoolestablishedbycertainmunicipalitiesInIllinoistoprovideexcessliabilitycoverage10000000ofcoverageaftera1000000serfinsuranceretentionTheGovernmentspaymentstoHELParedisplayedonthefinancialstatementsasexpendituresexpensesinappropriatefundsHELPwasorganizedonApril11987ThepurposeofHELPistoactasajointselfinsurancepoolforthepurposeofseekingthepreventionorlesseningofliabilityclaimsforInjuriestopersonsorpropertyorclaimsforerrorsandomissionsmadeagainstthemembersandotherpartiesincludedwithinthescopeofcoverageofHELPHELPisgovernedbyaBoardofDirectorswhichconsistsofoneappointedrepresentativefromeachmembermunicipalityEachdirectorhasanequalvoteTheofficersofHELPareappoIntedbytheBoardofDirectorsTheBoardofDirectorsdeterminesthegeneralpolicyofHELPmakesallappropriationsapprovescontractsadoptsresolutionsprovidingfortheissuanceofdebtbyHELPadoptsbylawsrulesandregulationsandexercisessuchpowersandperformssuchdutiesasmaybeprescribedintheAgencyAgreementorthebylawsTheGovernmentdoesnotexerciseanycontrolovertheactivitiesofHELPbeyonditsrepresentationontheBoardofDirectorsContinued VILLAGEOFGLENVIEIWILLINOISINotestoFinancialStatementsDecember312000NOTE7LEASEOBLIGATIONSINomaterialcapitaloroperatingleaseswereineffectasofthedateofthisreportNOTE8LONGTERMDEBTinLongTermLiabilitiesDuringthefiscalyearthefollowingchangesoccurredinChangesliabilitiesreportedinthelongtermdebtforGeneralObligationBondsBalancesBalancesIlanuary1AdditionsReductionsDecember31EnterpriseFunds81700003300007840000GeneralLongTermDebtAccountGroup5281000049700002690000550900006098000049700003000000629300001GeneralObligationBondsTheGovernmentissuesgeneralobligationbondstoprovidefundsfortheacquisitionandconstructionofmajorcapitalfacilitiesGeneralobligationbondshavebeenissuedforbothgeneralgovernmentandproprietaryactivitiesThesebondsthereforearereportedintheproprietaryfundsiftheyareexpectedtoberepaidfromproprietaryrevenuesGeneralobligationbondsaredirectobligationsandpledgethefullfaithandcreditoftheGovernmentGeneralobligationbondscurrentlyoutstandingareasfollowsFundDebtBalancesBalances1IssueRetiredBvlanuary1AdditionsReductionsDecember312895000CorporatePurposeamBondsSeriesof1992datedApril11992dueinannualinstallmentsof10000to255000plusinterestat400toWhole590throughDecember1sale2012Water229500012000021750007635000CorporatePurposeBondsSeriesof1993datedMay11993dueinannualinstallmentsof205000to1345000plusinterestat460to470throughDecember1Debt2005Service576500061000051550008040000CorporatePurposeBondSeriesof1994datedSeptember151994dueinannualinstallmentsof90000to1275000plusinterestat400to510throughDecember1Debt2004Service478500012750003510000ContinuedI24 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE8LONGTERMDEBTContinuedGeneralObligationBondsContinuedFundDebtBalancesBalancesIssueRetiredByanuary1AdditionsReductionsDecember31500000CorporatePurposeBondSeriesof1995datedOctober171995dueinannualinstallmentsof100000plusinterestat355to420DebtthroughDecember312000ServiceI000001000008345000CorporatePurposeBondSeriesot1996datedNovember11996dueinannualinstallmentsof675000to1050000plusinterestat460to4875throughDecember1Debt2008Service776000070500070550006175000CorporatePurposeBondSeriesof1997datedAugust11997dueinannualNorthinstallmentsof100000toMaine495000plusinterestat4875Waterto500throughDecember1and2017Sewer5875000210000566500040000000GeneralObligationBondSeriesof1998AdatedNovember11998dueinannualinsJallmentsof695000to1875000plusinterestat410to435throughDecember1Debt2018Service100000001000000024400000GeneralObligationBondSeriesof1998BdatedJanuary11999dueinannualinstallmentsof1000000to2050000plusinterestat425to450throughDecember1Debt2018Service24400000244000004970000GeneralObligationBondSeriesof2000datedDecember152000dueinannualinstallmentsof345000to1875000plusinterestat430to45throughDebtDecember12008Service49700004970t000609800004970000302000062930000Continued VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE8LONGTERMDEBTContinuedNotesPayableTheGovernmententersintonotespayabletoprovidefundsfortheacquisitioncapitalassetsNotespayablehavebeenissuedforproprietaryactivitiesTheproprietaryliabilitiesarethereforereportedintheproprietaryfundsNotepayablecurrentlyoutstandingisasfollowsFundDebtBalancesBalancesRetiredByanuary1AdditionsReductiomDecember312850000CorporatePurposeof1997datedSeptember2NorthdueinmmualinstallmentsofMaine215377Interestpaidat4942WaterthroughSeptember12019andSewer2697270820782615192DebtServiceRequirementstoMaturityAnnualdebtservicerequirementstomaturityareasfollowsGeneralCorporateObligationPurposeGeneralBondsCamedNotesCamedFiscalObligationasEnterpriseasFaterpriseYearBondsFundLiabilitiesFundLiabilitiesTotals2001504850375947621537760233562002646369275649421537774355632003612864076759621537771116132004613210576190621537771093882005592415576026821537768998002006593010176235221537769078302007598898776289621537769672602008503869676696621537760210392009289419576932621537738788982010289691576986621537738821582011290394076877221537738880892012290669077595621537738980232013291794550575021537736390722014293107051100021537736574472015294895051000021537736743272016296605051300021537736944272017298203551975021537737171622018300156421537732169412019215377215t377Totalprincipalandinterest7600423311741374409216391837770Interestportion2091423339013741476964262925T1Continued26 VILLAGEOFGLENVIEWILLINOISNotestoFinandalStatementsDecember312000NOTE8LONGTERMDEBTContinuedLegalDebtMarginTheGovernmentisahomerulemunicipalityArticleVIISection6kofthe1970IllinoisConstitutiongovernscomputationofthelegaldebtrginTheGeneralAssemblymaylimitbylawthemountandrequirereferendumapprovalofdebttobeincurredbyhomerulemunicipalitiespayablefromadvalorempropertytaxreceiptsonlyinexcessofthefollowingpercentagesoftheassessedvalueofitstaxableproperty2ffitspopulationismorethan25000andlessthan500000anaggregateofonepercentindebtednesswhichisoutstandingontheeffectivedateJuly11971ofthisconstitutionorwhichisthereafterapprovedbyreferendumshallnotbeincludedintheforegoingpercentagemountsTodatetheGeneralAssemblyhassetnolimitsforhomerulemunicipalitiesAdvanceRefundingGeneralObligationRefundingBondsSeries1994OnAugust301994theGovernmentpassedanordinanceprovidingfortheissuanceof8040000GeneralObligationRefundingBondSeriesof1994andthelevyandcollectionofadirectannualtaxforthepaymentofprincipalandinterestonthebondsOnAugust301994theGovernmentpassedanordinancedirectingtheexecutionofanescrowagreementinordertopartiallyrefund5025000ofGeneralObligationBondSeriesof1989and2525000ofGeneralObligationBondSeriesof1990issuedbytheGovernmentandoutstandingintheaggregateprincipalamountof6625000and4000000respectivelyThisadvancerefundingwasundertakentoreducetotaldebtservicepaymentsoverthenextelevenyearsby322463andtoobtainaneconomicgaindifferencebetweenthepresentvalueofthedebtservicepaymentsoftherefundedandrefundingbondsof259324amountof7988866fromtherefundingbondswereusedtoexecutetheProceedstheescrowagreementThelongtermdebtisrecordedintheGeneralLongTermDebtAccountGroupCurrentprincipalandinterestrequirementsareaccountedforintheDebtServiceFundAlthoughtherehasbeennolegaldefeasancesatisfactionofdebtinthistransactionallconditionsthatnormallysatisfydefeasanceofthepartialrefundofthe5025000ofGeneral2525000ofGeneralObligationBondSeriesof1990haveObligationBondSeriesof1989andbeenmetContinued27 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE8LONGTERMDEBTContinuedAdvanceRefundingGeneralObligationRefundingBondsSeries1994ContinuedThoseprovisionsincludeProceedsofthenewdebthavebeenplacedinanirrevocabletrustwithareputabletrusteefortheprimarypurposeofsatisfyingolddebtataspecifiedfuturedateAnescrowagreementhasbeenenteredintowithAmericanNationalBankandTrustCompanyofChicagoTheproceedsofthenewdebtareinvestedindirectUSTreasuryobligationswithmaturitiesthatapproximatethedebtservicerequirementsoftheoriginalissueTheproceedsinescrowarenotsubjecttolienforanypurposeotherthaninconnectionwiththeadvancerefundingtransactionSincetherequirementsthatnormallysatisfydefeasancehavebeenmetthefinancialstatementsreflectsatisfactionoftheoriginalliabilitythroughtheirrevocabletransfertoanescrowagentofanamountcomputedtobeadequatetomeetthefuturedebtservicerequirementsoftheissueScheduleofFutureRequirementsCorporatePurposeCorporatePurposeFiscalYearBondSeriesof1989BondSeriesof1990EndingInterestInterestDecember31RatePrincipalRatePrincipal200165055000069057500020026605500006906000002003660600000200466062500023250001175000NoncommitmentDebtSpecialServiceAreaBondsSpecialserviceareabondsoutstandingasofthedateofthisreporttotaled953816ThesebondsarenotanobligationoftheGovernmentandaresecuredbythelevyofspecialserviceontherealpropertywithinthespecialserviceareaTheGovernmentisinnowayliableforrepaymentbutisonlyactingastheagentforthepropertyownersinlevyingandcollectingtheassessmentsandforwardingthecollectionstothebondholdersContinued28 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE8LONGTERMDEBTContinuedIndustrialDevelopmentRevenueBondsTheGovernmentqualifiesasaHomeRuleUnitunderSection6aofArticleVIIofthe1970ConstitutionofIllinoisandunderthepowersgrantedbythisSectioncanexerciseanypowerandperformanyfunctionpertainingtoitsgovernmentandaffairsthatisnotprohibitedbytheIllinoisStateStatutesTheissuanceofIndustrialDevelopmentRevenueBondsbytheGovernmentistofinanceinwholeorinpartthecostoftheacquisitionpurchaseconstructionreconstructionimprovementequippingbettermentorextensionofanyeconomicdevelopmentprojectinordertoencourageeconomicdevelopmentwithinorneartheGovernmentIndustrialDevelopmentRevenuesBondsarenotadebtoftheGovernmentTheentityusingthebondproceedstofinanceaconstructionorimprovementprojectisliableforthebondsnotactasanagentDevelopmentRevenueBondstheSincetheGovernmentdoesforIndustrialtransactionsrelatingtothebondsandpropertydonotappearIntheGovernmentsfinancialstatementsTheGovernmenthasauthorizedtheissuanceofthefollowingsuchbondsBaxterLLCUnderauthorityofOrdinanceNo3909datedOctober211997theVillagerefinanced9770000ofIndustrialDevelopmentBondsdatedasofNovember11997at525percentinterestFinalpaymentdateofthebondsisDecember12027BondproceedswereissuedtorefinancepreviouslyissuedIndustrialDevelopmentBondsfrom1985TheinitialbondswereissuedtofundthecompletionofamultifamilyhousingprojecttitledValleyLoTowersIINOTE9CONTRACTUALCOMMITMENTSHighLevelExcessLiabilityPoolHELPTheGovernmenthascommittedtopurchaseexcessliabilityinsurancefromtheHighLevelExcessLiabilityPoolHELPapublicentityriskpoolforcertainIllinoismunicipalitiesthroughApril302008TheseamountshavebeencalculatedusIngtheGovernmentscurrentallocationpercentageof758InfutureyearsthisallocationpercentagewillbesubjecttochangebecausetheHELPAgreementprovidesthateachyearmemberswillbeassessedbaseduponaformulathatspecifiesthefollowingfourcriteriaforallocatingpremiumcostsContinued29 VILLAGEOFGLENVIEIVILLINOISNotestoFinancialStatementsDecember312000NOTE9CONTRACTUALCOMMITMENTSContinuedMilesofStreetsFullTimeEquivalentEmployeesNumberofMotorVehiclesOperatingRevenuesSolidWasteAgencyofNorthernCookCountySWANCCTheGovernmenthascommittedtopayitsshareoftheannualoperatingcostsandfixedcostsoftheSWANCCTheGovernmentsshareofcostsisexpectedtobefundedthroughtippingfeespaidbyrefusehaulersTheGovernmentbegandeliveringrefusetoSWANCCinMayof1995SWANCChasenteredintosolidwastedisposalcontractswiththetwentythreemembermunicipalitiesThecontractsareirrevocableandmaynotbeterminatedoramendedexceptasprovidedinthecontractEachmemberisobligatedonatakeorpaybasistopurchaseorinanyeventtopayforaminimumannualcostofthesystemTheobligationoftheGovernmenttomakeallpaymentsasrequiredbythiscontactisunconditionalandirrevocablewithoutregardtoperformanceornonperformancebySWANCCofitsobligationsunderthiscontractNOTE10INTERFUNDASSETSLIABILITIESDueFromToOtherFundsReceivableFundPayableFundAmountGeneralGNASRedevelopment408178GlenLandSales10000GNASBondFundSeries199516000CapitalEquipmentReplacement25000Deposit61r928521106SpecialRevenueGNASRedevelopmentSpecialTaxAllocation1325000IllinoisMunicipalRetirementGeneral1873GNASCaretakerSpecialTaxAllocation73000SpecialTaxAllocationGlenLandSales310300041502873Continued30 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE10INTERFUNDASSETSLIABILITIESContinuedDueFromToOtherFundsContinuedReceivableFundPayableFundAmountDebtServiceCorporatePurposeBondSeriesof1994General3224CorporatePurposeBondSeriesof20002000Project7311CorporatePurposeBondSeriesof1993General3845CorporatePurposeBondSeriesof1994922CorporatePurposeBondSeriesof1998CorporatePurposeBondSeriesof199360015902CapitalProjectsGlenLandSalesGNASCaretaker50000GNASBondFundSeries199575000VillagePermanentGlenLandSales832406BondFundSeries1993General25000CapitalProjectsGeneral188870BondFundSeriesof19934477GNASBondFundSeries1995GNASRedevelopment708200WaterWorks164900SpecialTaxAllocation17050003753853EnterpriseSewerageCapitalProjects164370GNASBondFundSeries1995241WaterWholesaleWater29167CapitalProjects3134Deposit19959216871InternalServiceMunicipalEquipmentRepairGeneral60006000TrustandAgencyPolicePensionGeneral1309FirePensionGeneral519EscrowGeneral136431929019797Continued31 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE10INTERFUNDASSETSLIABILITIESContinuedAdvancesFromToOtherFunds1ReceivableFundPayableFundAmountWaterworksCapitalProjects1273708CapitalEquipmentReplacement807916SewerageCapitalEquipmentReplacement92PP1NorthMaineWaterandSewerCapitalEquipmentReplacement672132241059INOTE11SEGMENTINFORMATIONENTERPRISEFUNDSITheGovernmentmaintainsthefollowingenterprisefundswhichareintendedtobeselfsupportingthroughuserfeeschargedforservicestothepublicFinancialsegmentinformationasofthedateofthisreportandforthefiscalyearisasfollows1NorthMaineCommuterWholesaleWaterandParkingWaterworksWaterSewerSewerageLotTotalsOperatingrevenues65854701468681507640087421721733114222099DepreciationandIamortizationexpense5685156281625290513865683841031276Operatingincome1780748498298637621421954734623462083Operatingtransfersin340000340000Operatinglxansfersout2237284423360578449584941370003861034Netincomeloss38629258483117309238346050345282Currentcapitalcontributions12901441290144mCurrentcapitaltxansfersPlantpropertyandequipmentIAdditions59598786658138021418454Deletions1790717907Totalassets1977622530069848254589617459076977737982165Networkingcapital556866186659012121417628771904359000704BondsandotherlongtermliabilitiesPayablefromIoperatingrevenues2175000828019210455192PayablefromothersourcesTotalequity19253122733552421839597750924059525782939IContinuedI VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE12CONTRIBUTEDCAPITALDuringthecurrentyearcontributedcapitalincreasedbythefollowingamountsWaterworksSewerageTotalsIncreasesContributionofcapital12901441290144DecreasesNetincreases12901441290144ContributedcapitalJanuary125861548920893477243December31258615421812334767387NOTE13CONTINGENTLIABILITIESLitigationTheGovernmentisadefendantinvariouslawsuitsAlthoughtheoutcomeoftheselawsuitsisnotpresentlydeterminableintheopinionoftheGovernmentsattorneytheresolutionofthesematterswillnothaveamaterialadverseeffectonthefinancialconditionoftheGovernmentGrantsAmountsreceivedorreceivablefromgrantoragenciesaresubjecttoauditandadjustmentbygrantoragenciesprincipallythefederalgovernmentAnydisallowedclaimsincludingamountsalreadycollectedmayconstitutealiabilityoftheapplicablefundsTheamountifanyofexpendituresthatmaybedisallowedbythegrantorcannotbedeterminedatthistimealthoughtheGovernmentexpectssuchamountsifanytobeimmaterialHighLevelExcessLiabilityPoolHELPTheGovernmentsagreementwithHELPprovidesthateachmemberisliableforitsproportionateshareofanycostsarisingfromdefaultsinpaymentobligationsbyothermembersSolidWasteAgencyofNorthernCookCountySWANCCTheGovernmentscontractwithSWANCCprovidesthateachmemberisliableforitsproportionateshareofanycostsarisingfromdefaultsinpaymentobligationsbyothermembersContinued VILLAGEOFGLENVIEWILLINOISINotestoFinandalStatementsDecember312000NOTE14JOINTVENTURESIRegionalEmergencyDispatchCenterIDescriptionofJointVentureTheRegionalEmergencyDispatchCenterREDisagovernmentaljointventureusedto1accountfortheresourcesinvolvedindispatchingfireandmedicalemergencyservicestoaninecommunityareaThisfundissupportedbycontributionsfromtheninememberdepartmentsIAsofDecember312000REDservedthefiredepartmentsofVillageofGlenviewVillageofMortonGroveIVillageofNilesVillageofNorthbrookNorthMaineFireProtectionDistrictProspectHeightsFireProtectionDistrictVillageofWheelingVillageofWinnetkaVillageofHighwoodIManagementconsistsofaBoardofDirectorscomprisedofoneappointedrepresentativefromIeachmemberInadditiondaytodayoperationsareadministeredbytheFireChiefsofeachmemberdistrictTheGovernmentdoesnotexerciseanycontrolovertheactivitiesofREDbeyonditsIrepresentationontheBoardofDirectorsSummaryFinancialInformationofJointVentureThefinancialstatementsofREDdatedDecember312000showthefollowingGovernmentsTotalShare3210Totalassets1213568389555Totalliabilities29807695682Totalequity915492293873ITotalliabilitiesandequity1213568389555Totalrevenues1061990340899ITotalexpenditures960537308332IContinuedI1 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE14JOINTVENIURESContinuedRegionalEmergencyDispatchCenterContinuedSummaryFinancialInformationofJointVentureContinuedInitialcontributionsaredeterminedinadvanceofeachmembershipyearbasedonthepopulationwithineachmembersdistrictCompletefinancialstatementscanbeobtainedfromtheRegionalEmergencyDispatchSystem1815GlenviewRoadGlenviewIllZnois60025TotalpaymentsmadetotheREDCentertotaled213694fortheyearSolidWasteAgencyofNorthernCookCountySWANCCDescriptionofJointVentureTheGovernmentisamemberoftheSolidWasteAgencyofNorthernCookCountySWANCCwhichconsistsoftwentythreemunicipalitiesSWANCCisamunicipalcorporationandpublicbodypoliticandcorporateestablishedpursuanttotheConstitutionoftheStateofIllinoisandtheIntergovernmentalCooperationActoftheStateofIllinoisasamendedtheActSWANCCisempoweredundertheActtoplanconstructfinanceoperateandmaintainasolidwastedisposalsystemtoserveitsmembersThemembersofSWANCCandtheirpercentagesharesbasedonformulaecontainedintheAgreementasApril30areSWANCCof1995ShareShareArlingtonHeights1013MountProspect886Barrington140Niles261BuffaloGrove590Palatine1233ElkGroveVillage457ParkRidge410Evanston728111ProspectHeightsGlencoe120RollingMeadows274Glenview585Skokie554HoffrnanEstates617SouthBarrington64Inverness152Wheeling463Witrnette405Kenilworth92Lincolnwood187Winnetka380MortonGrove27810000Continued VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE14JOINTVENTURESContinuedSolidWasteAgencyofNorthernCookCountySWANCCContinuedDescriptionofJointVentureContinuedThesepercentagesharesarebasedonwasteestimatesfortheyear2003andcannotbechangedforthetermoftheSWANCCAgreementThemembersformacontiguousgeographicserviceareawhichislocatednorthwestofdowntownChicagoUndertheAgencyAgreementadditionalmembersmayjoinSWANCCupontheapprovalofeachmemberSWANCCisgovernedbyaBoardofDirectorswhichconsistsofoneappointedmayororpresidentfromeachmembermunicipalityEachdirectorhasanequalvoteTheofficersofSWANCCareappointedbytheBoardofDirectorsTheBoardofDLrectorsdeterminesthegeneralpolicyofSWANCCmakesallappropriationsapprovescontractsadoptsresolutionsprovidingfortheissuanceofbondsornotesbySWANCCadoptsbylawsrulesandregulationsandexercisessuchpowersandperformssuchdutiesasmaybeprescribedintheAgencyAgreementorthebylawsSummaryofFinancialInformationofointVentureSummaryofFinancialPositionasofApril302000AssetsLiabilitiesandFundEquityCurrentassetsCurrentliabilitiesCashandinvestments995287Accountspayable1949454Receivablesandother1060924Bondspayable25000002056t211Accruedinterestpayable1730947Deferredrevenuele4222077602608RestrictedassetsLongtermliabilitiesCashandinvestments17241568BondspayablenetofAccruedinterestreceivable3394discount5778013917244962Fixedassets3013163Accumulateddepreciation3r171909Totalliabilities65382t74727641t254OtherassesUnamortizedbondFundequityissuancecost1146417Contributedcapital4723340Retainedearnings22017243Totalfundequity17293903TotalliabilitiesTotalassets48088844andfundequity48088844Continued VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE14JOINTVENTURESContinuedSolidWasteAgencyofNorthernCookCountySWANCCContinuedSunmamofFinancialInformationofJointVentureContinuedSWANCCsoutstandingbondsarerevenueobligationsTheyarelimitedobligationsofSWANCCwithaclaimforpaymentsolelyfromandsecuredbyapledgeoftherevenuesofSWANCCandamountsinvariousfundsandaccountsestablishedbyagencyresolutionsThebondsarenotthedebtofanymemberSWANCChasnopowertolevytaxesRevenuesofSWANCCconsistof1ailreceiptsderivedfromsolidwastedisposalcontractsoranyothercontractsforthedisposalofwaste2allincomederivedfromtheinvestmentofmoniesand3allincomefeesandservicechargesandallgrantsrentsandreceiptsderivedbySWANCCfromtheownershipandoperationofthesystemSWANCCcovenantstoestablishfeesandchargessufficienttoproviderevenuestomeetallitsrequirementsCompletefinancialstatementscanbeobtainedfromtheSolidWasteAgencyofNorthernCookCounty1616EGolfRoadDesPlainesIllinois60016TheGovernmentmade803595inpaymentstoSWANCCfortheyearendedDecember312000NOTE15POSTEMPLOYMENTBENEFITSInadditiontoprovidingthepensionbenefitsdescribedtheGovernmentprovidespostemploymenthealthcarebenefitsforretiredpublicsafetyemployeesSubstantiallyalloftheGovernmentspublicsafetyemployeesmaybecomeeligibleforthosebenefitsiftheyreachnormalretirementagewhileworkingfortheGovernmentThecostofretireehealthcarebenefitsisrecognizedasanexpenditureasclaimsarepaidForthefiscalyearthosecoststotal171348forthe51participantsTheretireespayanannualpremiumwhichisequaltotheactuariallydeterminedcostforeachplanyearAccordinglynoliabilityhasbeenrecordedforpostretirementhealthcarebenefitsContinued37 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE16EMPLOYEERETIREMENTSYSTEMSContinuedPlanDescriptionsandProvisionsContinuedFirefightersPensionFireswornpersonnelarecoveredbytheFirefightersPensionPlanwhichisadefinedbenefitsingleemployerpensionplanAlthoughthisisasingleemployerpensionplanthedefinedbenefitsaswellastheemployeeandemployercontributionslevelsaremandatedbylltinoisCompiledStatutesChapter40ArticleS4andmaybeamendedonlybytheIllinoislegislatureTheGovernmentaccountsfortheplanasapensiontrustfundTheGovernmentspayrollforemployeescoveredbytheFirefightersPensionPlanfortheyearendedDecember312000was4506495outofatotalpayrollof18873537AtDecember312000theFirefightersPensionPlanmembershipconsistedofRetireesandbeneficiariescurrentlyreceivingbenefitsandterminatedemployeesentitledtobenefitsbutnotyetreceivingthem35CurrentemployeesVested54Nonvested25Total114ThefollowingisasummaryoftheFirefightersPensionPlanasprovidedforintherllinoisCompiledStatutesTheFirefightersPensionPlanprovidesreOrementbenefitsaswellasdeathanddisabffitybenefitsEmployeesattainingtheageof50ormorewith20ormoreyearsofreditableserviceareentitledtoreceiveamonthlyretirementbenefitofonehalfofthemonthlysalaryattachedtotherankheldinthefireServiceatthedateofretirementThemonthlypensionshallbeincreasedbyonetwelfthof2V2percentofsuchmonthlysalaryforeachadditionalmonthover20yearsofservicethrough30yearsofserviceandonetweLfthofIpercentofsuchmonthlyserviceforeachadditionalmonthover30yearsofservicetoamaximumof75percentofsuchmonthlysalaryEmployeeswithatleast10yearsbutlessthan20yearsofcreditedservicemayretireatorafterage60andreceiveareducedretirementbenefitThemonthlypensionofafirefighterwhoretiredwith20ormoreyearsofserviceafterJanuary11977shallbeincreasedannuallyfollowingthefirstanniversarydateofreffrementandpaiduponreachingatleasttheage55by3percentoftheoriginalpensionand3percentannuallythereafterFundingPolicyCoveredemployeesarerequiredtocontribute8455percentoftheirsalarytotheFirefightersPensionPlanIfanemployeeleavescoveredemploymentwithlessthan20Continued40 VILLAGEOFGLENVIEWILLINOISNotestoFinancialStatementsDecember312000NOTE16EMPLOYEERETIREMENTSYSTEMSContinuedPlanDescriptionsandProvisionsContinuedFirefightersPensionContinuedyearsofserviceaccumulatedemployeecontributionsmayberefundedwithoutaccumulatedinterestTheGovernmentisrequiredtocontributetheremainingamountsnecessarytofinancetheplanasactuariallydeterminedbyanenrolledactuaryEffectiveJuly11993theGovernmentscontributionsmustaccumulatetothepointwherethepastservicecostfortheFirefightersPensionPlanisfullyfundedbytheyear2033NoseparateFirefightersPensionFundannualfinancialreportisissuedSummaryofSignificantAccountingPoliciesandPlanAssetMattersBasisofAccountingThefinancialstatementsarepreparedusingtheaccrualbasisofaccountingEmployeeandemployercontributionsarerecognizedasrevenuesintheperiodinwhichemployeeservicesareperformedMethodUsedtoValueInvestmentsInvestmentsarereportedatfairvalueInvestmentincomeisrecognizedasearnedGainsandlossesonsalesandexchangesoffixedincomesecuritiesarerecognizedonthetradedateSignificantInvestmentsTherearenoinvestmentsotherthanUSgovernmentandUSgovernmentguaranteedobligationsinanyoneorganizationthatrepresent5percentormoreofnetassetsavailableforbenefitsRelatedPartyTransactionsTherewerenosecuritiesoftheemployeroranyotherrelatedpartiesincludedinplanassetsincludinganyloansContinued IIIIIIIIIIIIIIIIIIi VILLAGEOFGLENVIEWILLINOISIllinoisMunicipalRetirementFUndRequiredSupplementaryInformationAnalysisofFUndingProgressDecember3120006UnfundedOverfundedActuarial4Accrued2UnfundedLiability1ActuarialOverfimdedasaActuarialActuarialAccrued3Actuarial5PercentageValuationValueLiabilityFundedAccruedAnnualofCoveredDateofPlanAALRatioLiabilityCoveredPayrollIanuary1AssetsEntryAge1221Payroll451995117004881313334389091432855697786620531996131463681435815891561211790754695216061997153041331625707894149529458360225114019981783417117399577100761345948842628152199920971639196802151065612914249514512135720002447773021790735112332686995103795502589NotestotheRequiredSupplementaryInformationTheinformationpresentedwasdeterminedaspartoftheactuarialvaluationsatthedatesindicatedAdditionalinformationasofthelatestactuarialvaluationpresentedisasfollowsTheactuarialcostmethodwasentryagenormaltheamortizationmethodwaslevelpercentofpayclosedandtheamortizationperiodwas32yearstheassetvaluationmethodwasafiveyearsmoothedmarketmethodandthesigrfificantactuarialassumptionswereaninvestmentrateofreturnat75compoundedannuallyincludinga400inflationfactoraprojectedsalaryincreasesassumptionof04to116compoundedannuallyincludinga400inflationfactorandpostretirementbenefitincreasesof3compoundedannually VILLAGEOFGLENVIEINILLINOISPolicePensionFundRequiredSupplementaryInformationAnalysisofFundingProgressDecember3120006UnfundedOverftmdedActuarial4Accrued2UnfundedLiability1ActuarialOverfundedasaActuarialActuarialAccrued3Actuarial5PercentageValuationValueLiabilityFundedAccruedAnnualofCoveredDateofPlanAALRatioLiabilityCoveredPayrollJanuary1AssetsEntryAge1221Payroll451995NANANANANANA1996NANANANANANA1997201588402088641296527275723384492214919982355328223162656101703906263687295105919992721124524277701112102933544378974577402000256292702576988499451406144008491351NAInformationispresentedforasmanyofthesixprioryearsasinformationaccordingtothedisclosureparametersisavailableInformationfortheseyearsisnotavailableNotestotheRequiredSupplementaryInformationTheinformationpresentedwasdeterminedaspartoftheactuarialvaluationsatthedatesindicatedAdditionalinformationasofthelatestactuarialvaluationpresentedisasfollowsTheactuarialcostmethodwasentryagenormaltheamortizationmethodwaslevelpercentofpaydosedandtheamortizationperiodwas34yearstheassetvaluationmethodwasathreeyearsmoothedmarketmethodandthesignificantactuarialassumptionswereaninvestmentrateofreturnat8compoundedannuallyincludinga300inflationfactoraprojectedsalaryincreasesassumptionof55compoundedannuallyincludinga300inflationfactorandpostretirementbenefitincreasesof3compoundedannually45 VILLAGEOFGLENVIEWILLINOISFirefightersPensionFundRequiredSupplementaryInformationAnalysisofFundingProgressDecember3120006UnfundedOverfundedActuarial4Accrued2UnfimdedLiability1ActuarialOverfundedasaActuarialActuarialAccrued3Actuarial5PercentageValuationValueLiabilityFundedAccruedAnnualofCoveredDateofPlanAALRatioLiabilityCoveredPayrollanuary1AssetsEntryAge1221Payroll451995NANANANANANA1996NANANANANANA199730745072278927871102328522854164229684919983450238029741118116014761262425319611195199937887879318393891190060484904304126140502000367473023499951410499174778845064953878NAInformationispresentedforasmanyofthesixprioryearsasinformationaccordingtothedisclosureparametersisavailableInformationfortheseyearsisnotavailableNotestotheRequiredSupplementaryInformationTheinformationpresentedwasdeterminedaspartoftheactuarialvaluationsatthedatesindicatedAdditionalinformationasofthelatestactuarialvaluationpresentedasfollowsTheactuarialcostmethodwasentryagenormaltheamortizationmethodwaslevelpercentofpayclosedandtheamortizationperiodwas34yearstheassetvaluafionmethodwasathreeyearsmoothedmarketmethodandthesignificantactuarialassumptionswereaninvestmentrateofreturnat8compoundedannuallyincludinga30inflationfactoraprojectedsalaryincreasesassumptionof55compoundedannuallyincludinga30inflationfactorandbenefitpostretirementincreasesof3compoundedannually46 VILLAGEOFGLENVIEWILLINOISIllinoisMunicipalRetirementFundRequiredSupplementaryIrfformafionEmployerContributionsDecember312000AnnualYearEndedEmployerRequiredPercentDecember31ContributionsContributionContributed199569160069160010000199673809273809210000199776428276428210000199880467980467910000199983156883156810000200082517382517310000NotestotheRequiredSupplementaryInformationTheinformationpresentedwasdeterminedaspartoftheactuarialvaluationsasofJanuary1ofthepriorfiscalyearAdditionalinfornmtionasofthelatestactuarialvaluationpresentedisasfollowsTheactuarialcostmethodwasentryagenormaltheamortizationmethodwaslevelpercentofpayclosedandtheamortizationperiodwas32yearstheassetvaluationmethodwasafiveyearsmoothedmarketmethodandthesignificantactuarialassumptionswereanLnvestmentrateofreturnat75compoundedannuallyincludinga40inflationfactoraprojectedsalaryincreasesassumptionof04to116compoundedannuallyincludinga40inflationfactorandpostretirementbenefitincreasesof3compotmdedannually47 VILLAGEOFGLENVIEWILLINOISPolicePensionFundRequiredSupplementaryInformationEmployerContributionsDecember312000AnnualYearEndedEmployerRequiredPercentDecember31ContributionsContributionContributed1995NANANA1996NANANA19973983473917871016719983768363642491034619993872093890719952200042740938955810972NAInformationispresentedforasmanyofthesixprioryearsasinformationaccordingtothedisclosureparametersisavailableInformationfortheseyearsisnotavailableNotestotheRequiredSupplementaryInformationTheinformationpresentedwasdeterminedaspartoftheactuarialvaluationsasofJanuary1ofthefiscalyearAdditionalinformationasofthelatestactuarialvaluationpresentedisasfollowsTheactuarialcostmethodwasentryagenormaltheamortizationmethodwaslevelpercentofpayclosedandtheamortizationperiodwas34yearstheassetvaluationmethodwasathreeyearsmoothedmarketmethodandthesignificantactuarialassumptionswereaninvestmentrateofreturnat8compoundedannuallyincludinga30inflationfactoraprojectedsalaryincreasesassumptionof55compoundedannuallyincludinga30inflationfactorandpostretirementbenefitincreasesof3compoundedannually48 VILLAGEOFGLENVIEWILLINOISFirefightersPensionFundRequiredSupplementaryInformationEmployerContributionsDecember312000AnnualYearEndedEmployerRequiredPercentDecember31ContributionsContributionContributed1995NANANA1996NANANA199724757518038313725199823633420052611786199912826512749810060200014316512343711598NAInformationispresentedforasmanyofthesixprioryearsasinformationaccordingtothedisclosureparametersisavailableInformationfortheseyearsisnotavailableNotestotheRequiredSupplementaryInformationTheinformationpresentedwasdeterminedaspartoftheactuarialvaluationsasofJanuary1ofthefiscalyearAdditionalinformationasofthelatestactuarialvaluationpresentedisasfollowsTheactuarialcostmethodwasentryagenormaltheamortizationmethodwaslevelpercentofpayclosedandtheamortizationperiodwas34yearstheassetvaluationmethodwasathreeyearsmoothedmarketmethodandthesignificantactuarialassumptionswereaninvestmentrateofreturnat8compoundedannuallyincludinga30inflationfactoraprojectedsalaryincreasesassumptionof55compoundedannuallyincludinga30inflationfactorandpostretirementbenefitincreasesof3compoundedannually49 GENERALFUNDTheGeneralFundalsoreferredtoastheCorporateFundisusedtoaccountforresourcestraditionallyassociatedwithgovernmentalservicesnotrequiredtobeaccountedforinanotherfund IIIIiIiIIIIIIIII VILLAGEOFGLENVIEIVILLINOISGeneralFundiBalanceSheetDecember312000and199920001999IASSETSCash17922061666098Investments104145238689937ReceivablesTaxesIPropertytaxes56721535604175Salestax1146631527596iIncometax232960217722Utilitytaxes425315316573Accounts333143243454IOther99614Duefromothergovernments4615Duefromotherfunds5211063223415Prepaiditems9867Totalassets2053803720603066ILIABILITIESANDFUNDBALANCELiabilitiesiAccountspayable609888156192Accruedpayroll7745589365Compensatedabsencespayable951802926120IInfrastructuremaintenancefee637589Otherpayables1737411506Duetootherfunds23200430920I150575282636DeferredrevenueDeferredpropertytaxes56721535604175Totalliabilities83488407100914IFundbalanceReservedforprepaiditems9867IReservedforPattonHouse1000010000UnreservedDesignatedforincometaxsurchargereceipts13348481334848IUndesignated1084434912147437Totalfundbalance1218919713502152Iandfundbalance2053803720603066TotalliabilitiesiSeeaccompanyingnotestofinancialstatements50I VILLAGEOFGLENVIEvVILLINOISGeneralFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualYearEndedDecember312000andActualOnlyfor1999I20001999BudgetActualActualTaxes9987530102130709448323Licensesandpermits118700017373991233680Intergovernmental121531521289496211652069Chargesforservices19835351280928754469Finesandforfeits225000224431281525Interest475000665382478582Miscellaneous24741005249691159475Totalrevenues284853172754114125008123ExpendituresGeneralgovernment840955676933014854514Publicsafety13355513295031123572Highwaysandstreets5328060510045547743921Pension424000570574515397Totalexpenditures275051712665936122501566overexpenditures9801468817802506557OtherfinancingsourcesusesOperatingtransfersin1WholesaleWaterFund102000102000102200Waterworksfund500750500750457808SewerageFund685006850062539NorthMaineWaterandSewerFund292674292674381981CommuterParkingLotFund370003700032000GNASRedevelopmentFund200020002000GNASCaretakerFund200020002000CapitalProjectsFund1208986EscrowDepositFund150000190994194993ComponentUnit1LibraryFund126001260012600OperatingtransfersoutCapitalEquipmentReplacementFund100130210013021024903CapitalProjectsFund44268243610937119928542606022194735976067Excessdeficiencyofrevenuesandother1financingsourceseverexpendituresandotherfinancinguses328045613129551530490FundbalancelJanuaryI1350215211971662December311218919713502152ISeeaccompanyingnotestofinancialstatements511 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofRevenuesBudgetandActualYearEndedDecember312000andActualOnlyfor199920001999BudgetActualActualTaxesPropertytaxescurrent534830048175244571956Propertytaxespension520000570574515397Propertytaxesprior1000240370804UtilitytaxATT450006988987149Utilitytaxmobileservices415000501455357430UtilitytaxNIGas475000623847466025UtilitytaxCommonwealthEdison155823017926621501032UtilitytaxAmeritech700000724730851089InfrastructuremaintenancefeesAmeritech27036Other267270Hotelroomtax9250008720198031359987530102130709448323LicensesandpermitsMotorvehicle10Business650006609745841Liquor900008520089300Pet500049134624Buildingpermits9000001420971967811Certificateofoccupancy300003579428934Contractorsfees400004780837672Plumbingandsewer500006578951109Drivewaypermits7000108278379118700017373991233680IntergovemmentalGlenbrookFireProtectionDistrict205000019680762123992Replacementtaxes125000150490121806Salestax550000065229225758617Illinoisincometax285000029904322740281Photousetax500000560588509107bridge160000176115162833RoadandRoadandbridgeprior10078263VillageofGolfFireProtectionDistrict135000123400129557intergovernment11000013497970708MiscellaneousFederalandstategrants72305214452535165Makewholepayment115609121531521289496211652069Continued52 VILLAGEOFGLENVIEWILLINOISGeneralFundIScheduleofRevenuesBudgetandActualYearEndedDecember312000andActualOnlyfor1999I20001999IBudgetActualActualChargesforservicesREDAdministration3769030881Planreviewfees1000009953372066Reinspectionfees25004887670Elevatorinspectionfees150001142012920Planningfees500018136Conditionalusefees5000655231145Electricalinspection5000081122590901Engineeringfees713000781081382103GNASengineeringfees911035Unclassifiedpublicworks1200069237607Otherservicecharges1000086569789Leasefees160000212898135720Dogimpoundingfees1203012478119835351280928754469Finesandforfeits225000224431281525IInterestSavings150002119918592Investments450000632299448879NOWaccounts1000011884111114750006653824785821OtherRevenuesAmeritechInfrastMaint15000159006InfrastructureMaintenanceFee230000303014FranchisetaxAmeritech160000174396FranchisetaxCableTV210000169839204966Nicorfranchisetax25442TCIProgrammingAgreement56012Landsales1635000295460531593Miscellaneous22410017823619250824741005249691159475Totalrevenues284853172754114125008123I VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualGeneralgovernmentBoardofTrustees4022033413Specialboard30731852781365Legal509400177719EmergencyServiceDisasterAgency5660035748VillageManager498108426226Finance694900680339InformationSystemsManagement237405316712Municipalbuildingandgrounds509758453926Personnelandinsurance2789980278785384095567693301PublicsafetyPolicedepartment68891366692653Firedepartment63910196565400Printing63400369781334355513295031HighwaysstreetsandDevelopmentandpublicservicesAdministration285629293787Plarmingandzoning243220202814Engineering760268627344Publichealth217705203149CableTV9785979439Publicworksadministration345685280612Publicworksoverhead10034121118784Publicworksstreetmaintenance318513269342Publicworkstraffic365474273135Publicworksstormwatermanagement128407125028Publicworkssnowandicecontrol316713459547Publicworksforestry207834248073Publicworksgrounds235563164824Buildinginspection80177875457753280605100455Pension424000570574Totalexpenditures2750517126659361iContinued541 VILLAGEOFGLENVIEWILLINOISIGeneralFundScheduleofExpendituresBudgetandActualIYearEndedDecember312000BudgetActualIGeneralgovernmentBoardofTrusteesRegularsalaries90008888Contractualprofessionalservices100005450Training1000ITrusteeexpense1722010586Operationalmaterialandsupplies300084894022033413SpecialboardIContractualservices295495217607Materialsandsupplies35002626Capitaloutlay27741902561132m30731852781365LegalContractualandprofessionalservices8040040970mContractualdisbursements60002682Litigationdisbursements150004870Books37003326Duessubscriptionsandmemberships600580mVillageattorneyretainer4275042750Prosecutorretainer3095030950Outsidelitigation330r00051591509400177719IEmergencyServiceDisasterAgencyTelephoneandtelegraph1200837Maintenanceofequipment43004843Officesupplies10011Contingencies500Smalltools500632andequipment5000029425Machinery5660035748VillageManagerRegularsalaries384008347244Longevitypay792792Contractualprofessionalservices1500Printingbindingandpublication19001105Postage5500039368Duessubscriptionsandmemberships2245020000Maintenanceofequipment42003772Travelexpense110303595Trainingexpense27001335Officesupplies5001354Bookspamphletsandmaterials31052mOperationalmaterialandsupplies120017Computersupplies3300484Equipmentrepairs371845201ContinuedI55 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualGeneralgovernmentcontinuedVillageManagerconlnuedEquipmentreplacement70006996Machineryandequipment45001808Furniturefixtures1000780505108433222LesstransfertoCapitalEquipmentReplacementFund70006996498108426226FinanceGeneralRegular501344486826Overtimesalaries500Temporarysalaries3716639433Longevitypay39583165Contractualprofessionalservices3550032350Printingbindingandpublication1800020137Postage500683Duessubscriptionsandmemberships15802023Maintenanceofequipment445015229Rentals4470018209expense26503503TravelTrainingexpense79756058Officesupplies2440039488Bookspamphletsandmaterials500254Smalltoolsandequipment500962Computersupplies50002727Equipmentrepairsandmaintenance46773241Otheroperatingexpense5005876Bankcharges1000175694900680339InformationSystemsManagementRegularsalaries7151573535Temporarysalaries1500013097Longevitypay735735Contractedprofessionalservices2000050363Telephoneandtelegraph1520014722Duessubscriptionsandmemberships905471Maintenanceofequipment4985090683Travelexpense10001133Trainingexpense25006650pamphlets500975BooksComputersupplies58007882PCexpansion1840020290Machineryandequipment3600036176237405316712iContinued56I VILLAGEOFGLENVIEIVILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualIGeneralgovernmentcontinuedMunicipalbuildingandgroundsRegularemployeesalaries2805828298Overtimesalaries1000Contractualprofessionalservices35008542Heating2400019655Postage1800029884Telephone70000128461Maintenanceofequipment2960030232Maintenanceofbuildings186005115Rentals1700016839Cleaningandhouseholdsupplies50003155Maintenancematerialsbuildings72007542Smalltoolsandequipment500408Employeewelfare60005567Buildingsandimprovements251300169880Machineryandequipment30000348509758453926IPersonnelandinsuranceRegularsalaries6891672007Longevitypay10181018Contractualprofessionalservices2400019349Publicsafetyselectionandpromotion130006579Wellnessprogram30003719Printingbindingandpublications600014803Duessubscriptionsandmemberships9751535Safetyprogram400Commissionexpense40092Trainingexpense3090021167Bookspamphletsandmaterials1000500FICApayments535000542493Employeewelfare1600015220Insurance2089371208937127899802787853ITotalgeneralgovernment84095567693301II1Continued157I VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualPublicsafetyPolicedepartmentRegularsalaries52934375178454Overtimesalaries130000147316Overtimehireback9000080679Overtimecourttime106000111427Overtimetraining85006080Overtimeextradetail26075Temporarysalaries184344182098Holidaypay120000126286Longevitypay6868867342Contractualprofessionalservices11250093715Printingbindingandpublication1100010486Heating750011500Postage47003968Telephone2600037572Duesandsubscriptions45003880Maintenanceofequipment6220055883Maintenanceofbuildings105007523Rentals2658019559Travelexpenses1495012864Officesupplies90007640Bookspamphletsandmaterials1100011154Training8750567809Uniformallowance7392565791Cleaningandhouseholdsupplies60007326Maintenancematerialsbuildings80003670Smalltoolsandequipment149007133Operatingsupplies4160028551materialsandPCexpansiontraining280002332Employeewelfare1100012840Violenceprotectiongrant1625028056Equipmentrepairs205855212235Machineryandequipment5990023083Furniturefixtures2280020296CriminalJusticeAuthorityGrant1200212030Equipmentreplacement36167936168072508157054333LesstransfertoCapitalEquipmentReplacementFund36167936168068891366692653Continued58 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualPublicsafetycontinuedFiredeparentRegularsalaries49946864852630Overtimeactingcompanyofficer85007118Overtimecallback2500024077Overtimehireback150000582513Overtimeapparatusrepair15003983Overtimefireprevention152809191Overtimepubliceducation2226013740Overtimeemergencymedicalservice314009545Overtimehazardousmaterial60004352OvertimeFLSA4750049356Overtimespecialrescue50003665Overtimediveteam80009238Overtimeadministrative30003619Overtimetraining1700018326Overtimetraininginstructor2000021943Holidaypay178000177014Longevitypay5433453219Contractualprofessionalservices292032229201Priningbindingandpublication1200316Heating1200020111Postage800786Telephone2180022861Duessubscriptionsandmemberships25552178Maintenanceofequipment2420010326Maintenanceofbuildings2958036889Rentals70807353Travelexpenses111506127Training3276019543Uniformandturnouts4500042258Officesupplies47006134Textsandfilms2250779Motorvehiclesupplies40002516Cleaningsupplies1000013812Maintenancematerialsequipment1900011958Maintenancematerialsbuildings105005603Smalltoolsandequipment3114028484Operatingmaterialsandsupplies1660017771Computersupplies31853145Employeewelfare60003696Equipmentreplacement260248260256Equipmentrepairs178127142754Buildingsimprovementstobuildings400384Continued59 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualPublicsafetycontinuedFiredepartmentcontinuedFurnitureandfixtures39002798Machineryandequipment336008408866512676825656LesstransfertoCapitalEquipmentReplacementFund26024826025663910196565400PrintingMaintenanceofequipment250Rentals4000014236Machineryandequipment29502968Maintenancematerialsequipment100Operatingsupplies2000019774Smalltoolsandequipment100634036978Totalpublicsafety1334355513295031Continued60 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualHighwaysandstreetsDevelopmentandpublicserviceAdministrationRegularsalaries237684240957Overtime500926Temporarysalaries2100032626Contractualprofessionalservices20002187Printingbindingandpublication117005278Postage250176Duessubscriptionsandmemberships800623Maintenanceofequipment45004588Rentals12036Travelexpense18002209Training1300368Officesupplies7001051Bookspamphletsandmaterials20063Computersupplies400224Equipmentreplacement36003600Equipmentrepairs26752475289229297387LesstransfertoCapitalEquipmentReplacementFund36003600285629293787PlanningandzoningRegularsalaries110120107402Temporarysalaries1500013733Contractualandprofessionalservices10500063724Bookspamphletsandmaterials400895Printingbindingandpublication8971Duessubscriptionsandmemberships65006583Maintenanceofequipment300Travelexpense3000Training1800295Operationalsupplies8001153Computersupplies30058243220202814EngineeringRegularsalaries639562532426Overtimesalaries1120018902Temporarysalaries1400012429Longevitypay15821582Contractualandprofessionalservices500012425Printingbindingandpublication403Duessubscriptionsandmemberships1830775Maintenanceofequipment101506453Travelexpense47502246Continued61 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualHighwaysandstreetscontinuedDevelopmentandpublicservicecontinuedEngineeringcontinuedRentals400481Training29501138Uniformallowance1750215Bookspamphletsandmaterials200Operationalmaterials50003365Computersupplies15001673Equipmentreplacement3160031596Equipmentrepairs1869423274Machineryandequipment127009557Automotive29000791868658940LesstransfertoCapitalEquipmentReplacementFund3160031596760268627344PublichealthRegularsalaries189885191543Overtimesalaries1000Temporarysalaries5000Longevitypay16961696Rentals15072Contractualprofessionalservices150054Duessubscriptionsandmemberships15551472Maintenanceofequipment1145Travelexpense25552254Trainingexpense19151146Bookspamphletsandmaterials550149Smalltoolsandequipment500Operatingmaterialsandsupplies39001279Equipmentreplacement71007102Computersupplies1800164Otheroperationalexpense300Equipmentrepairs425433202248O5210251LesstransfertoCapitalEquipmentReplacementFund71007102217705203149CableTVdepartmentRegularsalaries4191641916Temporarysalaries50002397Contractualprofessionalservices4300950Printingbindingandpublication100072Postage100164Telephone400Continued62 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualHighwaysandstreetscontinuedDevelopmentandpublicservicecontinuedCableTVdepahaientcontinuedDuessubscriptionsandmemberships850673Maintenanceofequipment30001480Travelexpense1400Training41003691Bookspamphletsandmaterials100292Operationalmaterialsandsupplies50003657Computersupplies3500118Equipmentrepairs21936640Machineryandequipment2500011878Furniturefixtures55119785979439PublicworksadministrationRegularsalaries282660236470Overtimesalaries1000Temporarysalaries2584016921Longevitypay20352035Contractualprofessionalservices65001510Printingbindingandpublication3001439Duessubscriptionsandmemberships800778Machineryandequipment2496Maintenanceofequipment250197Rentals40003869Travelexpense5000978Training88007232Officesupplies20002968Bookspamphletsandmaterials10060Operationalmaterialsandsupplies10002881Capitaloutlay4400Computersupplies1000778345685280612PublicworksoverheadRegularsalaries520349584339Overtimesalaries376915459Temporarysalaries6547194111Longevitypay1919618455Contractualprofessionalservices470Heating3200029563Telephone500013392Duessubscriptionsandmemberships96274Maintenanceofequipment800010251Maintenanceofbuildingimprovements1910025441Rentals3715010471Travelexpense5001435Continued63 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualHighwaysandstreetscontinuedDevelopmentandpublicservicecontinuedPublicworksoverheadcontinuedTraining27002552Uniformallowance1500011775Bookspamphletsandmaterials20082Cleaningsupplies53001623Maintenancematerialsbuildings80006271Smalltoolsandequipment31002101Employeewelfare50006256Equipmentreplacement309075309072Equipmentrepairs249481311426Machineryandequipment4000395513124871427856LesstransfertoCapitalEquipmentReplacementFund30907530907210034121118784PublicworksstreetmaintenanceRegularsalaries215639194330Overtimesalaries1639029912Temporarysalaries150849326Maintenanceofbuildingimprovements20000Maintenancematerialsbuildings3200021301Smalltoolsandequipment20002459Operatingmaterialsandsupplies1500010482Machineryandequipment24001532318513269342PublicworkstrafficRegularsalaries7820490028Overmesalaries834917637Temporarysalaries52713367Powerandlight9300077571Maintenanceofequipment11400053422Maintenanceofbuildings3000021024Rentals300Signsupplies308507888Smalltoolsandequipment500230Operafionalmaterialsandsupplies50001968365474273135PublicworksstormwatermanagementRegularsalaries737758483027207582OvertimesalariesTemporarysalaries115925593Maintenanceofbuildings70005828Maintenancematerialsequipment720040Smalltoolsandequipment800486iContirued VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualHighwaysandstreetscontinuedDevelopmentandpublicservicecontinuedPublicworksstormwatermanagementcontinuedRentals12701349Training800Operatingmaterialsandsupplies2000016650Machineryandequipment32502670128407125028PublicworkssnowandicecontrolRegularsalaries128400162813Overtimesalaries4483399387Temporarysalaries41521978Contractualprofessionalservices65095402Maintenancematerialsequipment2100016948Operatingmaterialsandsupplies11767883019316713459547PublicworksforestryRegularsalaries178701196576Overtimesalaries770021013Temporarysalaries87288487Contractualprofessionalservices180015750Duessubscriptionsandmemberships6551170Maintenanceofequipment1200179Maintenanceofbuildingimprovements3000120Maintenancematerialsandequipment500474Smalltoolsandequipment300504Operationalmaterialsandsupplies52503800207834248073PublicworksgroundsRegularsalaries7242871214Overtimesalaries23021347Temporarysalaries102332163Contractualprofessionalservices12100066211Maintenanceofbuildingimprovements5000Maintenancematerialsequipment60060Smalltoolsandequipment10001143Operatingmaterialsandsupplies2300022686235563164824BuildinginspectionRegularsalaries689533672134Overtimesalaries80007258Temporarysalaries7641Longevitypay35613561Contractualprofessionalservices2350010426Printingbindingandpublication277Duessubscriptionsandmemberships32153511Continued65 VILLAGEOFGLENVIEWILLINOISGeneralFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualHighwaysandstreetscontinuedDevelopmentandpublicservicecontinuedBuildinginspectioncontinuedMaintenanceofequipment180060Rentals302Travel75526763Training60004676Uniformallowance2000676Bookspamphletsandmaterials50001626Operatingmaterialsandsupplies20005709Computersupplies1000PCexpansion2466Equipmentreplacement2100021000Equipmentrepairs866711441Machineryandequipment89502600Automotive3100013450822778775577LesstransfertoCapitalEquipmentReplacementFund2100021000801778754577Totalhighwaysandstreets53280605100455PensionPolicepension318425427409Firefighterspension105575143165Totalpension42400057057466 Ii SPECIALREVENUEFUNDSIllinoisMunicipalRetirementFundTheIllinoisMunicipalRetirementFundisusedtoaccountfortherevenuesandexpendituresassociatedwithprovidingdisabilityandpensionbenefitsforGlenviewemployeesThisfundalsoprovidestheemployerwithaportionofFICAcontributionsMotorFuelTaxFundTheMotorFuelTaxFundisusedtoaccountfortheactivitiesinvolvedwithstreetmaintenanceandconstructionFinancingisprovidedbytheGovernmentsshareofstategasolinetaxesStatelawrequiresthesegasolinetaxestobeusedtomaintainstreetsRefuseandRecyclingFundTheRefuseandRecyclingFundisusedtoaccountforthefinancialactivityofthecommunitywiderecyclingprogramTheprogramisdesignedtolicenseandmonitorprimescavengerservicesoperatingintheresidentialareasoftheGovernmentTheiractivitieswillmainlybeinvolvedwiththecollectionanddispositionofrecyclableitems911CommunicationsFundThe911CommunicationsFundisusedtoaccountfortheactivityofthe911emergencyservicesystemFinancialactivitybeganin1990andthesystembecameoperationalin1992GNASRedevelopmentFundTheGNASRedevelopmentFundisusedtoaccountfortheresourcesandexpendituresincurredinthedevelopmentoftheGlenviewNavalAirBaselandGNASCaretakerFundTheGNASCaretakerFundisusedtoaccountfortheresourcesandexpendituresrelatedtotheVillagescustodialarrangementwiththeUSNavyregardingcaretakingoftheGlenviewNavalAirBaseSpecialTaxAllocationFundTheSpecialTaxAllocationFundisusedtoaccountfortheincrementalpropertytaxrevenuethatisgeneratedthroughthegrowthoftheassessedvaluationattheGNAS IIiIIIIIIIIIIIIIII I11I VILLAGEOFGLENVIEWILLINOISIllinoisMunicipalRetirementFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualYearEndedDecember312000BudgetActualRevenuesTaxesPropertytaxesocurrent520000569091Propertytaxesprior28681Replacementtaxes2000020000Interest40008350Other5362253622Totalrevenues597622679744ExpendituresPensionRetirementcontributions810000825172Other80007835Totalexpenditures818000833007Excessdeficiencyofrevenuesoverexpenditures220378153263OtherfinancingsourcesOperatingtransfersin911CommunicationsFund1158011580WaterworksFund6960069600WholesaleWaterFund13601360NorthMaineWaterFund2877528775GNASCaretakerFund1653016530GNASRedevelopmentFund3190031900SewerageFund1397513975ComponentunitLibraryFund136622136622310342310342Excessofrevenuesandotherfinancingsourcesoverexpenditures89964157079FundbalanceJanuary172445December31229524Seeaccompanyingnotestofinancialstatements69 VILLAGEOFGLENVIEWILLINOISMotorFuelTaxFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualYearEndedDecember312000BudgetActualRevenuesIntergovernmentalAllotments10750001141541Interest1030010399Totalrevenues10853001151940ExpendituresGeneralgovernmentOperationalmaterialsandsupplies49427Excessofrevenuesoverexpenditures10853001102513OtherfinancingusesOperatingtransfersoutCapitalProjectsFund11948001194800Excessdeficiencyofrevenuesoverexpendituresandotherfinancinguses92287FundbalanceJanuary1299213December31206926Seeaccompanyingnotestofinancialstatements70 VILLAGEOFGLENVIEI4ILLINOISRefuseandRecyclingFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualYearEndedDecember312000BudgetActualRevenuesChargesforservicesLicensefee31252500Hostcommunityrevenue100000100858Binsales25002526Refusebagsales2500031899Yardwastestickersales750010363Tippingfees925000946645Interest1750052520Totalrevenues10806251147311ExpendituresGeneralgovernmentDumpingcosts70000Refusebagpurchase6000016013Yardwastestickerpurchase3000010500Operationalmaterialssupplies1000Recyclingbins50006975Otheroperationalexpenses966350803595Printingbindingandpublications3000Contractualprofessionalservice1000Publicworksdisposalfees104289Totalexpenditures1136350941372Excessdeficiencyofrevenuesoverexpenditures55725205939FundbalanceJanuary11192944December311398883Seeaccompanyingnotestofinancialstatements71 VILLAGEOFGLENVIEWILLINOIS911CommunicationsFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualYearEndedDecember312000BudgetActualChargesforservices350000363410Interest900017865Miscellaneous125Totalrevenues359000381400ExpendituresPublicsafetyRegularemployeesalaries138654137498Overtimesalaries100073Overtimehireback40006330Holidaypay1000Longevitypay10181018Contractualprofessionalservices6000Printingbindingandpublications500Telephoneandtelegraph8443074961Maintenanceofequipment141006465Rentals23002316Uniformallowance13501350Materialsandsupplies1000Furnitureandfixtures1000FICApayments1110011287PCexpansiontraining5000235Insurance1608516085Machineryandequipment1900011478Totalexpenditures307537269096Excessofrevenuesoverexpenditures51463112304OtherfinancingusesOperatingtransfersoutIllinoisMunicipalRetirementFund1158011580CapitalEquipmentReplacementFund33314333144489444894Excessofrevenuesoverexpendituresandotherfinancinguses656967410FundbalanceJanuary1330485December31397895Seeaccompanyingnotestofinancialstatements72 VILLAGEOFGLENVIEWILLINOISGNASRedevelopmentFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualYearEndedDecember312000BudgetActualRevenuesIntergovernmentalEDAgrant263534Interest5001324Miscellaneous50002204Totalrevenues5500267062ExpendituresGeneralgovernment36010272782948Highwayandstreets28249836010273065446Excessdeficiencyofrevenuesoverexpenditures35955272798384OtherfinancingsourcesusesOperatingtransfersinGNASBondFund36272172060000SpecialTaxAllocationFund2185000OperatingtransfersoutGeneralFund20002000IllinoisMunicipalRetirementFund3190031900CapitalEquipmentReplacementFund228002280035705174188300ExcessdeficiencyofrevenuesandotherfinancIngsourcesoverexpendituresandotherfinancinguses250101389916FundbalanceJanuary13853041December314612Seeaccompanyingnotestofinancialstatements73 VILLAGEOFGLENVIEWILLINOISGNASRedevelopmentFundAdministrationDepartmentScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualGeneralgovernmentAdministrationRegularsalaries438391432538Overtimesalaries96002239Temporarysalaries18160Longevitypay29412940Contractualprofessionalservices25284221920777Postage286009050Printingbindingandpublication6500036308Duessubscriptionsmemberships71303560Telephoneandtelegraph2220027044Maintenanceofequipment71003126Maintenanceofbuildingimprovements2980019130Rentals2520017716Travelexpense4700019148Training70004203Officesupplies1350027092Maintenancematerials12001220Smalltoolsandequipment10001002Powerandlight4800012119Heating240003181Uniformallowance520210Bookspamphletsandmaterials6001323Cleaningsupplies25001215Operatingmaterialsandsupplies450009738Computersupplies22001189FICApayments2872533296Employeewelfare20002970TransfertoMachineryandEquipmentRepairFund54719888TransfertoCapitalEquipmentReplacementFund2280022800Insurance169417169417Otheroperationalexpenses42002284Creditcardprocessingfee550Buildingsimprovementstobuildings10000137Machineryandequipment5600888836238272805748Continued74 VILLAGEOFGLENVIEWILLINOISGNASRedevelopmentFundAdministrationDepartmentScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualGeneralgovernmentContLessTransfertoCapitalEquipmentReplacementFund2280022800Totalgeneralgovernment36010272782948HighwayandStreetsEDAGrantRoaddesign278053Stormwaterdesign4445Totalhighwayandstreets282498Totalexpenditures3601027306544675 VILLAGEOFGLENVIEWILLINOISGNASCaretakerFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualYearEndedDecember312000BudgetActualRevenuesInterest1675174OtherUtilitiesreimbursement3928Totalrevenues16754102ExpendituresGeneralgovernment2347772213346Excessdeficiencyofrevenuesoverexpenditures2346097209244OtherfinancingsourcesusesOperatingtransfersinGNASBondFundSeries1995Fund1041052164500SpecialTaxAllocationFund148000OperatingtransfersoutGeneralFund20002000IllinoisMunicipalRetirementFund1653016530CapitalEquipmentReplacementFund4825048250974272245720Excessdeficiencyofrevenuesandotherfinancingsourcesoverexpendituresandotherfinancinguses137182536476FundbalanceJanuary131669December314807Seeaccompanyingnotestofinancialstatements76 VILLAGEOFGLENVIEWILLINOISGNASCaretakerFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualGeneralgovernmentOverheadRegularemployeessalaries100003136Overtimesalaries5000Temporarysalaries5000179Contractualprofessionalservices1000Powerandlight2000Heating2000205Telephoneandtelegraph1000Duessubscriptionmembers1000Maintenanceofequipment10000Maintenanceofbuildingimprovements1000011602Rentals1000Uniformallowance5000Officesupplies1000Smalltoolsandequipment50037Computersupplies1000FICApayments160005221Utilityreimbursement8000Insurance22200222009370050580StreetmaintenanceRegularemployeessalaries100001177Overtimesalaries50001452Temporarysalaries500015Maintenancematerialsbuilding1000Smalltoolsandequipment500418Computersupplies1000225003062TrafficRegularemployeessalaries100005500Overtimesalaries5000180Temporarysalaries5000201Powerandlight1100004807Maintenanceofequipment160009554Maintenanceofbuildingimprovements21500Rentals500Signsupplies41504402Smalltoolsandequipment1000124Operationalmaterialsandsupplies100017415024768Continued VILLAGEOFGLENVIEWILLINOISGNASCaretakerFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualStormwatermanagementRegularemployeessalaries100006212Overtimesalaries50001745Temporarysalaries5000295Maintenanceofbuildingimprovements7000Maintenancematerialsandequipment67002228Smalltoolsandequipment100016113470012091SnowandicecontrolRegularemployeessalaries100002527Overtimesalaries50001042Temporarysalaries500097Operationalmaterialsandsupplies108225822308229488ForestryRegularemployeessalaries100001906OvertSmesalaries5000Temporarysalaries5000323Contractualprofessionalservices500Maintenanceofequipment1200549Maintenancematerialsandequipment500926Smalltoolsandequipment28003431Operationalmaterialsandsupplies50017255007152GroundsRegularemployeessalaries100004503Overtimesalaries5000760Temporarysalaries500045Contractualprofessionalservices5000Maintenanceofbuildingimprovements8500013972Smalltoolsandequipment500101Operationalmaterialsandsupplies243000165735350021038GreatparkmaintenanceRegularemployeessalaries230000348Overtimesalaries500062salaries5000TemporaryContractualprofessionalservices500013467Powerandlight15000Maintenanceofequipment20000Maintenanceofbuildingimprovements50003948Continued78 VILLAGEOFGLENVIEWILLINOISGNASCaretakerFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualGreatparkmaintenanceContTraining1200698Bookspamphletsmaterials1000Maintenancematerialsandequipment2000Smalltoolsandequipment2000Operationalmaterialsandsupplies245000657553620025098LakemanagementRegularemployeessalaries10000569Overtimesalaries5000Temporarysalaries5000Contractualprofessionalservices25000Maintenanceofequipment5000Maintenanceofbuildingimprovements14750070Training2500Bookspamphletsmaterials1000Smalltoolsandequipment2000Operationalmaterialsandsupplies332000Machineryorequipment2350001104577000011684PrairiemanagementRegularemployeessalaries100001058Overtimesalaries5000Temporarysalaries5000Contractualprofessionalservices10000Powerandlight5000Maintenanceofequipment10000Maintenanceofbuildingimprovements30000Training2500Bookspamphletsmaterials2500Smalltoolsandequipment1000Operationalmaterialsandsupplies5000171860001229ChapelmaintenanceRegularemployeessalaries1000033Overtimesalaries5000Temporarysalaries5000Contractualprofessionalservices5000Powerandlight160006795Heating1800Maintenanceofequipment3000Continued79 VILLAGEOFGLENVIEWILLINOISGNASCaretakerFundScheduleofExpendituresBudgetandActualYearEndedDecember312000BudgetActualChapelmaintenanceContMaintenanceofbuildingimprovements5100Officesupplies1000Smalltoolsandequipment1000Computersupplies1000539006828WaterdistributionsystemRegularemployeessalaries1000020521Overtimesalaries50007313Temporarysalaries5000437Contractualprofessionalservices2000144Powerandlight10000Heating1500Waterpurchases50000Maintenanceofbuildingimprovements24000112Cleaningandhouseholdsupplies100Maintenancematerialsandequipment1000Maintenancematerialsbuildingimprovements42001007Operationalmaterialsandsupphes30004011580029574SanitarysewersystemRegularemployeessalaries100004886Overtimesalaries50001013Temporarysalaries5000715Contractualprofessionalservices28000322Maintenanceofequipment2898Maintenanceofbuildingimprovements1000Maintenancematerialsandequipment1000188Operationalmaterialsandsupplies10007325100010754Totalexpenditures2347772213346ao IIIIDEBTSERVICEFUNDSICorporatePurposeBondSeriesof1993Thisissueintheamountof7635000wassoldtoifinancevariouscapitalprojectsthroughouttheGovernmentincludingbutnotlimitedtothepublicworksgaragevariousstreetprojectsandcapitalpurchasesiCorporatePurposeBondSeriesof1994Thisissueintheamountof8040000wassoldtopartiallyrefundboththeCorporatePurposeBondSeriesof1989andtheCorporatePurposeBondSeriesof1990CorporatePurposeBondSeriesof1995Thisissueintheamountof500000wassoldtofinancetheconstructionofaSewerLiftStationandothersewersystemimprovementsICorporatePurposeBondSeriesof1996Thisissueintheamountof8435000wassoldtofinanceGeneralObligationBondAnticipationBondsthatmaturedin1996ICorporatePurposeBondSeriesof1998Theseissuesintheamountsof10000000ofSeriesAand24400000ofSeriesBweresoldtofinancethedevelopmentoftheGIenviewiNavalAirBaseCorporatePurposeBondSeriesof2000Thisissueintheamountof4970000wassoldtoIfinancevariouscapitalimprovementsthroughouttheVillage IIIIiIIIIIIIIiIII I VILLAGEOFGLENVIEWILLINOISDebtServiceFundsCombiningStatementofRevenuesExpendituresandChangesinFundBalancesBudgetandActualYearEndedDecember312000withcomparativetotalsfor1999SeeFollowingPage IIIIIiIIIIIIIIIIIII CAPITALPROJECTSFUNDSCapitalEquipmentReplacementFundTheCapitalEquipmentReplacementFundisusedtoaccountforthefundsannuallysetasidefortheeventualreplacementofcertaincapitalequipmentCapitalProjectsFundTheCapitalProjectsFundisusedtoaccountforrevenuesandexpendituresinvolvedwithallothercapitalimprovementsthroughouttheGovernmentVillagePermanentFundThisfundisusedtoaccountforprojectsnotrelatedtotheGlenviewNavalAirBaseandwilltransferaportionoflandsalesrevenuestoretirethedebtserviceforthe1996GeneralObligationBondsBondFundSeries1993TheBondFundSeries1993isusedtoaccountfortheproceedsreceivedfromtheCorporatePurposeBondSeriesof1993GNASBondFundSeries1995ThisfundisusedtoaccountforvariousdevelopmentandotherprojectsrelatedtotheGlenviewNavalAirBaseandfinancedwiththeGeneralObligationBondAnticipationBondSeriesof1995GlenLandSalesFundThisfundisusedtoaccountforgrantfundslandsalesandpropertytaxrevenuesviatheTaxIncrementFinanceDistrictrelatedtotheGlenviewNavalAirBase2000ProjectFundThisfundisusedtoaccountforthefundsderivedfromthe2000GeneralObligationBondIssue IIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIII ENTERPRISEFUNDSWaterworksFundTheWaterworksFundisusedtoaccountfortheprovisionofwaterandsewerservicetotheresidentsofGlenviewAllactivitynecessarytoprovidesuchservicesisaccountedforinthisfundincludingbutnotlimitedtoadministrationDirectorofPublicWorksoperationmaintenancefinancingandrelateddebtserviceandbillingandcollectionWholesaleWaterFundTheWholesaleWaterFundisusedtoaccountfortheprovisionofwaterservicetotheCitizensUtilityCoenablingtheutilitytoreceiveLakeMichiganwaterNorthMaineWaterandSewerFundTheNorthMaineWaterandSewerFundisusedtoaccountforallfinancialactivityrelatedtotheVillageprovidingwaterandsewerservicetoanunincorporatedareasouthwestoftheVillageThisareawasformerlyservedbytheNorthSuburbanPublicUtilitiesCompanySewerageFundTheSewerageFundisusedtoaccountforthefundsnecessarytoprovidesanitarysewerservicetobothincorporatedandunincorporatedVillageofGIenviewcustomersCommuterParkingLotFundTheCommuterParkingLotFundaccountsfortheactivityinvolvedwithbutnotlimitedtotheadministrationFinanceDirectorsaleofpermitsandmaintenanceofthecommuterparkingfacilitieswithintheGovernment IIIIIIIIIIIIIIIiIII VILLAGEOFGLENVIEWILLINOISEnterpriseFundsCombiningBalanceSheetDecember312000withcomparative1999totalsfordiscount08157452856344266121Seeaccompanyingnotestofinancialstatements88 VILLAGEOFGLENVIEWILLINOISEnterpriseFundsCombiningStatementofRevenuesExpensesandChangesinRetainedEarningsYearEndedDecember312000withcomparativetotalsfor1999NorthMaineWholesaleWaterandCommuterTotalsWaterworksWaterSewerSewerageParkingLot1999OperangChargesforservicesWaterandsewerchaxges616848514686815028564849188208621353578013837346Watermeterrepaixcharges158158OperangexpensesDepreciationandexpensesfiscalchargesf1479344Z2042569976606320155165100786370902206049588286331365674Operatingtxansfersout1223728442336057844958494137000386103426751171972844233605784495849413700035210341604334Netncomeloss38629258483117309238346050245222597314Seeaccompanyingnotestofinancialstatements89 VILLAGEOFGLENVIEWILLINOISEnterpriseFundsCombiningScheduleofChangesinContributedCapitalYearEndedDecember312000withcomparativetotalsfor1999TotalsWaterworksSewerage20001999IncreasesContributionofcapital12901441290144200000DecreasesNetincrease12901441290144200000ContributedcapitalJanuary1258615489108934772433277243December31258615421812334767387347724390 VILLAGEOFGLENVIEWILLINOISWaterworksFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActualYearEndedDecember312000BudgetActualOperatingrevenuesChargesforservicesWatercharges59144806168485Watermeterrepaircharges158Waterconnectioncharges100000123569Watermetersandremotereaders50000121684MiscellaneousLatepaymentfees6000067031Brassfittings1000031428Waterforconstruction2000043417Turnoncharge50005910Recaptureagreements100001133Other150022655Totaloperatingrevenues61709806585470OperatingexpensesexcludingdepreciationAdministration1313290250929OperationsSupplyandmetering26084052638812Pumpingstationeast248716216553Pumpingstationwest184160140989Distributionsystem667005600867Overhead544312388057Totaloperatingexpensesexcludingdepreciation55658884236207Operatingincomebeforedepreciation6050922349263Depreciation568515Operatingincome6050921780748NonoperatingrevenuesInterestincome92500155165Incomebeforeoperatingtransfers6975921935913OperatingtransfersinoutGeneralFund500750500750WholesaleWaterFund320000320000IllinoisMunicipalRetirementFund6960069600NMaineWaterSewerFund2000020000CorporatePurposeBonds1994Fund457948457948CapitalProjectsFund500000120898611882981897284Netincomeloss49070638629RetainedearningsJanuary116628339December3116666968Seeaccompanyingnotestofinancialstatements92 VILLAGEOFGLENVIEI4rILLINOISWaterworksFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualAdministrationContractualprofessionalservices10002107Printingbindingandpublication3001778Postage1350013918Computersupplies1500FICApayment6960059532Insurance127390127390Improvementsotherthanbuilding11000006421911313290846916LessnonoperatingexpensesFixedassetscapitalized595987Totaladministration1313290250929OperationsSupplyandmeteringRegularsalaries10930775310Overtimesalaries152414314Temporarysalaries324508Contractualprofessionalservices8600041069Water23570502458947Maintenanceofbuildings60002196Operationalmaterialsandsupplies4820046468Totalsupplyandmetering26084052638812PumpingstationeastRegularsalaries4129032499Overtimesalaries800616105Temporarysalaries170362Contractualprofessionalservices1735011340Powerandlight110000126387Heating60003755Telephone40003745Maintenanceofbuilding2550013362Cleaningandhouseholdsupplies100133Maintenancematerialsequipment30001133Maintenancematerialsbuilding10002002Operatingmaterialsandsupphes73005730Machineryorequipment25000Totalpumpingstationeast248716216553Continued93 VILLAGEOFGLENVIEWILLINOISWaterworksFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualOperationsContinuedPumpingstationwestRegularsalaries1899025653Overtimesalaries41869768Temporarysalaries34740Contractualprofessionalservices122003314Powerandlight11150079458Heating4000324620002068TelephoneMaintenanceofbuilding2050010213Cleaningandhouseholdsupplies10099equipment50003921MaintenancematerialsMaintenancematerialsbuilding75098Operatingmaterialsandsupplies49002411Totalpumpingstationwest184160140989Distributionsystem339596299718RegularOvertimesalaries5327676676Temporarysalaries108338980professionalservices3300012933ContractualMaintenanceofequipment500Maintenanceofbuildings115000103162Rentals300Signsupplies150011Maintenancematerialsbuildings9050074518Smalltoolsequipment174Operatingmaterialsandsupplies1000017477Machineryandequipment125007218Totaldistributionsystem667005600867Continued94 VILLAGEOFGLENVIEINILLINOISWaterworksFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualOperationsContinuedOverheadRegularsalaries228825214621Overtimesalaries683547Temporarysalaries15122004Longevitypay54285427Postage300167Telephone11005459Duessubscriplionsandmemberships32302200Maintenanceofequipment50005078Rentals20900334Travelexpense2500770Training66002981Uniformallowance78557886Officesupplies750705Bookspamphletsandmaterials30080Smalltoolsandequipment585010998Operationalmaterialsandsupplies2000597Computersupplies180093Employeewelfare10001632Equipmentreplacement117482Equipmentrepairs128097124650Machineryandequipment31001828Totaloverhead544312388057Totaloperatingexpensesexcludingdepreciation5565888423620795 VILLAGEOFGLENVIEWILLINOISWholesaleWaterFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActualYearEndedDecember312000BudgetActualOperatingrevenuesWatersales14250001468681OperatingexpensesexcludingdepreciationOperationsSupplyandmetering813425826645Pumpingstation4621871255Distributionsystem21059667Totaloperatingexpenses861748907567Operatingincomebeforedepreciation563252561114Depreciationandamortization62816Operatingincome563252498298NonoperatingrevenuesexpensesInterestincome3650047148Interestexpense147524147934Bondprincipal120000231024100786Incomebeforeoperatingtransfers332228397512OperatingtransfersinoutWaterworksFund320000320000IllinoisMunicipalRetirementFund13601360GeneralFund102000102000423360423360Netloss9113225848RetainedearningsJanuaryI759400December31733552Seeaccompanyingnotestofinancialstatements97 VILLAGEOFGLENVIEWILLINOISWholesaleWaterFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualOperationsSupplyandmeteringWaterpurchases803000818339Maintenanceofbuildings1000FICApayments13251106Operationalmaterialandsupplies600Payingagentfees15001200Insurance60006000Totalsupplyandmetering813425826645PumpingstationRegularsalaries91676892Overtimesalaries44844263Temporarysalaries151719Contractualprofessionalservices20072Powerandlight2900058090Telephone500452Maintenanceofbuildings750Operationalmaterialsandsupplies100967Equipmentrentals500500Totalpumpingstation4621871255DistributionsystemRegularsalaries4252159Overtimesalaries50455Temporarysalaries630672Contractualprofessionalservice10006381Totaldistributionsystem21059667Totaloperatingexpensesexcludingdepreciation86174890756798 VILLAGEOFGLENVIEIqILLINOISNorthMaineWaterandSewerFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActualYearEndedDecember312000BudgetActualOperatingrevenuesChargesforservicesWatercharges48950004713820350000314744SewerchargesMiscellaneousNewwatermeters8002772Latepaymentfees4000044864Tumoncharge200020052878005076400OperatingexpensesexcludingdepreciationAdministration369150374945OperationsSupplyandmetering35458963404663Pumpingstation7314257939Distributionsystem350176276059Collectionsystem14250972268Totaloperatingexpenses44808734185874Operatingincomebeforedepreciation806927890526Depreciation252905Operatingincome806927637621NonoperatingrevenuesexpensesInterestincome4000051140Interestexpense422573422042Bondprincipal210000Noteprincipal82072674645370902Incomebeforetransfers132282operating266719OperatingtransfersoutGeneralFund292674292674WaterworksFund2000020000CapitalEquipmentReplacementFund40487CapitalProjectsFund237000237000IllinoisMunicipalRetirementFund2877528775618936578449Netloss486654311730RetainedearningsJanuary1110109December31Seeaccompanyingnotestofinancialstatements100 VILLAGEOFGLENVIEWILLINOISNorthMaineWaterandSewerFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualAdministrationRegularsalaries115819107848Overtimesalaries203215Temporarysalaries2522617Longevitypay905905Contractualprofessionalservices4507529336Acquisitioncosts44676Costofissuance1472Printingbindingandpublication2000576Powerandlight175Heating1841Postage2760018562Telephoneandtelegraph15003590Maintenanceofequipment909Uniformallowance2750625FICApayments3562526089Employeewelfare525Equipmentrepairs1839632611Rentals3570024514Officesupplies15002304Computersupplies2500Machineryorequipment40001880Payingagentfees1200600Insurance7360073600Totaladministration369150374945OperationsSupplyandmeteringRegularsalaries3200072836Overtimesalaries18217765Temporarysalaries310757315Waterpurchases33150003257739Maintenanceofbuildingandimprovements60004284Operatingmaterialsandsupplies10000768Meterreplacement15000053956Totalsupplyandmetering35458963404663PumpingstationRegularsalaries1600017234Overtimesalaries45545641Temporarysalaries28814Contractualprofessionalservice1860010092Operationalexpense30001510Powerandlight130006721Telephone260012082Maintenanceofbuildings50003742Pumprepair10000900Cleaningandhouseholdsupplies1003Totalpumpingstation7314257939Continued101 VILLAGEOFGLENVIEI8ILLINOISNorthMaineWaterandSewerFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualOperationsContinuedDistributionsystemRegularsalaries7800062959Overtimesalaries2383322110Temporarysalaries42435610Contractualprofessionalservice3000020992Maintenanceofbuilding5250037398Maintenancematerialsbuilding4630026492Rentals300876Operationalmaterialsandsupplies50008206improvements10000092863SystemMachineryandequipment100007218350176284724LessnonoperatingexpensesFixedassetscapitalized8665Totaldistribufionsystem350176276059CollectionsystemRegularsalaries4447122487Overtimesalaries35165161Temporarysalaries1972945Contractualprofessionalservices3000Maintenanceofbuilding3050016260Maintenancematerialsequipment48004386Smalltoolsandequipment250Operatingmaterialsandsupplies4000366Systemimprovements5000022663Totalcollectionsystems14250972268Totaloperatingexpensesexcludingdepreciation44808734185874102 VILLAGEOFGLENVIEWILLINOISSewerageFundStatementofRevenuesExpensesandChangesinRetainedEamingsBudgetandActualYearEndedDecember312000BudgetActualOperatingrevenuesChargesforservicesSewercharges742522849188Sewerconnectioncharges750015115Latepaymentfees9840Miscellaneous74Totaloperatingrevenues750022874217OperatingexpensesexcludingdepreciationAdministration24947865063OperationsPumpingstation3898518128Collection203569180416Totaloperatingexpenses492032263607Operatingincomebeforedepreciation257990610610Depreciation138656Operatingincome257990471954NonoperatingrevenueInterestincome1000020604Incomebeforeoperatingtransfers267990492558Operatingtransfersout6850068500GeneralFundIllinoisMunicipalRetirementFund1397513975CapitalProjectsFund3429553929551994GODS78492784921995GODS10420031019608122584941Netloss34013292383RetainedearningsJanuary13888659December313796276Seeaccompanyingnotestofinancialstatements104 VILLAGEOFGLENVIEWILLINOISSewerageFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualAdministrationFICApayments1345013308Equipmentreplacement24036Equipmentrepairsandfuel3930241110Improvementsotherthanbuilding162045Insurance1064510645Totaladministration24947865063OperationsPumpingStationGeneralRegularsalaries84024570Overtimesalaries1012949Temporarysalaries16974Powerandlight30001735Heating1000862Telephoneandtelegraph800755Maintenanceofequipment5000Operationalmaterialsandsupplies1200205838945HeatherfieldLiftStationRegularsalaries84024906Overtimesalaries58Temporarysalaries50070Powerandlight4000Heating1500Telephoneandtelegraph800Maintenanceofequipment20002411Operationalmaterialsandsupplies12001738184029183Totalpumpingstation3898518128Continued105 VILLAGEOFGLENVIEWILLINOISSewerageFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualOperationsContinuedCollectionsystemRegularsalaries136390138111Overtimesalaries769219150Temporarysalaries64576077Contractualprofessionalservices10000328Maintenanceofequipment3800435Maintenanceofbuildings130003552Rentals180360Training800Maintenancematerials50001141Smalltoolsandequipment600875Operationalmaterialsandsupplies1900010387Machineryandequipment650Systemimprovements813802203569994218LessnonoperatingexpensesFixedassetscapitalized813802Totalcollectionsystem203569180416Totaloperatingexpenses492032263607106 VILLAGEOFGLENVIEWILLINOISCommuterParkingLotFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActualYearEndedDecember312000BudgetActualOperatingrevenuesChargesforservicesMeterfees2000020862Parkingdecals245000190769Miscellaneous50005700Totaloperatingrevenues270000217331OperatingexpensesAdministration203331129262Operations297006223Depreciation8384Totaloperatingexpenses233031143869OperalLngincome3696973462NonoperatingrevenueInterestincome15009588Incomebeforeoperatingtransfers3846983050OperatingtransfersoutGeneralFund3200037000Netincome646946050RetainedeamingsJanuary1194545December31240595Seeaccompanyingnotestofinancialstatements108 VILLAGEOFGLENVIEWILLINOISCommuterParkingLotFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualAdministxationRegularemployeesalaries2660116569Overtimesalaries9111274salaries51695448TemporaryContractualprofessionalservices4450041787Printingbindingandpublications500Powerandlight1300012565Heating36002059Postage700Telephoneandtelegraph5001769Maintenanceofbuildings1745011829Rentals4950025761Cleaninghouseholdsupplies1500Maintenancematerials2000956Smalltoolsandequipment400100Operationsmaterials140008145Machineryandequipment22000Insurance10001000Totaladministration203331129262OperationsRegularemployeesalaries50004833Contractualprofessionalservices5500Powerandlight6500Telephoneandtelegraph500Maintenanceofequipment4000Maintenanceofbuildings2500Cleaninghouseholdsupplies500Smalltoolsandequipment200Operationsmaterials50001390Totaloperations297006223Totaloperatingexpenses233031135485109 IIIIIIiIIIIIIIIIIII INTERNALSERVICEFUNDSMunicipalEquipmentRepairFundTheMunicipalEquipmentRepairFundisusedtoaccountforthecostsofrepairingandmaintainingallvehiclesoftheGovernmentThesecostsincludelabormaterialfuelandfixedoverheadoftheGovernmentsrepairfacilityInsuranceFundTheInsuranceFundisusedtoaccountforthefinancialactivityoftheGovernmentsentireinsuranceprogramInadditiontoconventionalprimaryinsurancetheVillageisamemberoftheHighLevelExcessLiabilityPoolHELPwhichprovidesexcessliabilitycoverageAlsotheGovernmentprovideshealthandlifeinsurancebyparticipatingintheIntergovernmentalPersonnelBenefitCooperativeIPBC IIIIIIIIIIIIIIIIII VILLAGEOFGLENVIEWILLINOISInternalServiceFundsCombiningBalanceSheetDecember312000withcomparativetotalsfor1999MunicipalEquipmentTotalsRepairInsurance20001999ASSETSCurrentassetsCash91285628317719602384063Investments228575264492628735012685062ReceivablesAccounts9582977393511228Accruedinterest44156Prepaidexpenses198183198183Duefromotherfunds60006000105800Deposits9348009348001249085Totalassets326818440920347360214479394LIABILITIESANDRETAINEDEARNINGSCurrentliabilitiesAccountspayable10122040625050747034102Claimspayable269622269622203095Duetootherfunds250663Totalliabilities101220675872092487860Retainedearnings225598373333139589293991534Totalliabilitiesandretainedearnings326818440920347360214479394Seeaccompanyingnotestofinancialstatements111 VILLAGEOFGLENVIEWILLINOISInternalServiceFundsCombiningStatementofRevenuesExpensesandChangesinRetainedEarningsYearEndedDecember312000withcomparativetotalsfor1999MunicipalEquipmentTotalsRepairInsurance20001999OperatingrevenuesChargesforservices935802277705837128603605615Insurancerecoveries263972639710582Miscellaneous60298269816330114340237Totaloperatingrevenues1022497304687440693713956434OperatingexpensesOperations938546328171842202643383552Operatingincomeloss83951234844150893572882NonoperafingrevenuesInterestincome8793121095129888116932Netincomelossbeforeoperatingtransfers9274411374921005689814OperatingtransfersoutCapitalEquipmentReplacementFund116001160067193Netincomeloss8114411374932605622621RetainedearningsJanuary1144454384708039915343368913December31225598373333139589293991534Seeaccompanyingnotestofinancialstatements112 VILLAGEOFGLENVIEWILLINOISInternalServiceFundsCombiningStatementofCashFlowsYearEndedDecember312000withcomparativetotalsfor1999MunicipalEquipmentTotalsRepairInsurance20001999CashflowsfromoperatingactivitiesOperatingincomeloss83951234844150893572882AdjustmentstoreconcileoperatingincomelosstonetcashprovidedbyusedinoperatingactivitiesChangesinassetsandliabilitiesAccountsreceivable3680361372934785Deposits31428531428560469Duefromotherfunds272687253299800105800Prepaidexpenses198183198183220260Accountspayable7538639798247336891203Claimspayable1873684006652715555Duetootherfunds9459215607125066315744326771453435788793820361CashflowsfromnoncapitalfinancingactivitiesOperatingtransferout1160011160067193CashflowsfrominvestingactivitiesPurchaseofinvestments1285756680307966051174989Maturitiesofinvestments608166608166Interest88391652051740448726511973105341143951087724Netincreasedecreaseincashandcashequivalents37516373055335539797030CashandcashequivalentsJanuary11288012552623840631181093December3191285628317719602384063Seeaccompanyingnotestofinancialstatements113 VILLAGEOFGLENVIEWILLINOISMunicipalEquipmentRepairFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActualYearEndedDecember3120002000BudgetActualOperatingrevenuesChargesforservices877122935802Insurancerecoveries750026397Miscellaneous3500060298Totaloperatingrevenues9196221022497OperatingexpensesOperations869513938546Operatingincome5010983951NonoperatingrevenuesInterestincome10008793Incomebeforeoperatingtxansfers5110992744OperatingtransferoutCapitalEquipmentReplacementFund750011600Netincome4360981144RetainedearmngsJanuary1144454December31225598Seeaccompanyingnotestofinancialstatements114 VILLAGEOFGLENVIEWILLINOISMunicipalEquipmentRepairFundScheduleofOperatingExpensesBudgetandActualYearEndedDecember312000BudgetActualOperationsRegularsalaries315981268776Overtimesalaries1032213440Temporarysalaries88984431Longevitypay44104409Contractualprofessionalservices3000841Duessubscriptionmembership371500Maintenanceofequipment87200119799Maintenanceofbuildings247Accidentrepairs2000028535Training34002531Uniformallowance87506899Fuel171088238682Motorvehiclesupplies5500068996Cleaningandhouseholdsupplies50006144Maintenancematerialsequipment125000142679Maintenancematerialsbuildings650010955Smalltoolsandequipment40002352FICApayments395Equipmentrepairs61135026Machineryandequipment3481411909Totaloperations869513938546115 VILLAGEOFGLENVIEIqInsuranceFundStatementofRevenuesExpensesandChangesinRetainedEarningsBudgetandActualYearEndedDecember312000BudgetActualOperatingrevenuesChargesforservicesFundcharges28361432777058MiscellaneousInsurancepremiumretirees150000183588Returnedpremiums53744Insurancerecoveries2500025803Other6681175000269816Totaloperatingrevenues30111433046874OperatingexpensesOperationsContractualprofessionalservices11600Healthinsurance20857632377806Dentalinsurance158000105594Excessliability7400071346Unemploymentbenefits300008086Generalinsuranceprogram330000353636PTMpolicy1571015708Propertycasualtyclaims100000306622Workerscompensationinsurance13000031320Claimssettlement1500029384733281718Operatingincomeloss72670234844NonoperatingrevenuesInterestincome87500121095Netincomeloss160170113749RetainedearningsJanuary13847080December313733331Seeaccompanyingnotestofinancialstatements116 TRUSTANDAGENCYFUNDSExpendableTrustEscrowDepositFundTheEscrowDepositFundisusedtoaccountforthefundsplacedondepositwiththeGovernmentbybuildingcontractorsworkingwithintheGovernmentslimitsInterestearnedonescrowdepositsisannuallytransferredtotheCorporateFundDepositFundTheDepositFundisusedtoaccountformoneyondepositwiththeGovernmentbeingheldonatemporarybasissuchassecuritydepositsforuseoftheGovernmentsequipmentPoliceDepatmentSpecialAccountFundThePoliceDepartmentSpecialAccountFundisusedtoaccountforfundsreceivedfromtheIllinoisStatePoliceofficetobeusedinvarioustypesofinvestigationsPensionTrustPolicePensionFundThePolicePensionFundisusedtoaccountfortheresourcesnecessarytoprovidedisabilityandretirementbenefitstopersonneloftheGlenviewPoliceDepartmentFirefightersPensionFundTheFirefightersPensionFundisusedtoaccountfortheresourcesnecessarytoprovidedisabilityandretirementbenefitstopersonneloftheGlenviewFireDepaiientAgencySpecialServiceAreasFundThisfundaccountsforvariousspecialserviceareabondissuesArbitrageRebateFundThisfundaccountsfortherecordingandpaymentofanyarbitragerebatespayable IIIIIIIIIIIIIIIIIII VILLAGEOFGLENVIEWILLINOISPensionTrustFundsCombiningStatementofPlanNetAssetsDecember312000PoliceFirefightersPensionPensionTotalsASSETSCashandcashequivalents13639822394971603479Duefromotherfunds13095191828InvestmentsatfairvalueUSgovernmentobligations222660623689514059161202Insurancecontracts34042199269884331207Mutualfunds143231420054923437806Certificatesofdeposit689775100000789775277923703992762067719990Totalassets291576614016763669325297LIABILITIESAccountspayable4867471233NETASSETSHELDINTRUSTFORPENSIONBENEFITSAscheduleoffundingprogressforeachplanispresentedfollowingthenotestofinancialstatements291571754016688969322236Seeaccompanyingnotestofinancialstatements118 VILLAGEOFGLENVIEWILLINOISExpendableTrustFundsCombiningStatementofRevenuesExpendituresandChangesinFundBalancesYearEndedDecember312000withcomparativetotalsfor1999PoliceDepartmentEscrowSpecialTotalsDepositDepositAccount20001999RevenuesFinesandforfeits10419104194162Interest21537310327399226099205708Totalrevenues2153731032710818236518209870ExpendituresPublicsafety3465Excessofrevenuesoverexpenditures2153731032710818236518206405OtherfinancingusesOperatingtransfersoutGeneralFund190994190994194993Excessofrevenuesoverexpendituresandotherfinancinguses2437910327108184552411412FundbalancesJanuary11247823608014847175709164297December311491614640725665221233175709Seeaccompanyingnotestofinancialstatements119 VILLAGEOFGLENVIE3NILLINOISIPensionTrustFundsCombiningStatementofChangesinPlanNetAssetsYearEndedDecember312000PoliceFirefightersIPensionPensionTotalAdditionsIContributionsemployerTaxes427409173790601199IContributionsplanmembers386898398513785411InvestmentIncomeNetappreciationInfairvalueofIinvestments305066017057844756444Interestearnedoninvestments53677222307112767483Totaladditions440173945087988910537IDeductionsPensionsandrefunds86974010795331949273IMiscellaneousContractualprofessionalservices4094967913773Totaldeductions87383410892121963046Netincrease352790534195866947491NetassetsheldintrustforpensionIbenefitsJanuary1256292703674730362376573IDecember31291571754016688969324064IISeeaccompanyingnotestofinancialstatementsI120I VILLAGEOFGLENVIEWILLINOISPolicePensionFundStatementofChangesinPlanNetAssetsBudgetandActualYearEndedDecember312000BudgetActualAdditionsContributionsemployerPropertytaxes318425427409Contributionsemployees385000386898InvestmentincomeNetappreciationinfairvalueofinvestments3050660Interestearnedoninvestments1452000536772Totaladditions21554254401739OperatingexpensesRetirementpension735691744517Widowpension9100491004Disabilitypension3421934219MiscellaneousContractualprofessionalservices161004094Totaldeductions877014873834Netincrease12784113527905NetassetsheldintrustforpensionbenefitsJanuary125629270December3129157175Seeaccompanyingnotestofinandalstatements121 VILLAGEOFGLENVIEIVILLINOISFirefightersPensionFundStatementofChangesinPlanNetAssetsBudgetandActualYearEndedDecember312000BudgetActualAdditionsContributionsemployerTaxesPropertytaxes105575143165Foreignfireinsurancetax3000030625Contributionsemployees400000398513InvestmentincomeNetappreciationinfairvalueofinvestments1705784Interestearnedoninvestments20025002230711Totaladditions25380754508798DeductionsRetirementpension1014001816468Widowpension5041150411Disabilitypension170924212654MiscellaneousContractualprofessionalservices141009679Totaldeductions12494361089212Netincrease12886393419586NetassetsheldintrustforpensionbenefitsJanuary136747303December3140166889Seeaccompanyingnotestofinancialstatements122 VILLAGEOFGLENVIEWILLINOISAgencyFundsCombiningStatementofChangesinAssetsandLiabilitiesYearEndedDecember312000BalancesBalancesanuarv1AdditionsDeductionsDecember31AllFundsASSETSCash192190326351186377084484Receivablespropertytaxes1430797724135355Receivablesaccruedinterest3348533485TotalassetsS2098467263511904979219839LIABILITIESArbitragepayable19372336401190365639978Duetobondholders161234170057151430179861Totalliabilities20984671764582055086219839SpecialServiceAreasFundASSETSCashS181552635144506Receivables1430797724135355161234263517724179861LIABILITIESDuetobondholders161234170057151430179861AxbitrageRebateFundASSETSCash1903748186377039978Receivablesaccruedinterest33485334851937233189725539978LIABILITIESArbitragepayable19372336401190365639978Seeaccompanyingnotestofinancialstatements123 IIIIIIIIIIIIIIIIIII GENERALFIXEDASSETSACCOUNTGROUPGeneralfixedassetsarethosefixedassetsusedinoperationsaccountedforingovernmentalfundsGeneralfixedassetsincludeallfixedassetsoftheVillagenotaccountedforintheEnterpriseFunds IIIIIIIIIIIIIIIII VILLAGEOFGLENVIEWILLINOISGeneralFixedAssetsAccountGroupScheduleofGeneralFixedAssetsbySourceDecember312000withcomparativetotalsfor199920001999GENERALFIXEDASSETSLand56438535005095Buildingsandimprovements1016097010089432Equipment86486648522213Furniture295072295072Officeequipment6892506771012543780924588913INVESTMENTINGENERALFIXEDASSETSGeneralrevenues2163853020789634Bondissues379927937992792543780924588913124 VILLAGEOFGLENVIEWILLINOISGeneralFixedAssetsAccountGroupScheduleofChangesinGeneralFixedAssetsbyFunctionandActivityYearEndedDecember312000FunctionandBalancesBalancesActivityanuary1AdditionsRetirementsDecember31GeneralgovernmentExecutive1308713087Administrative2499440630562562496Finance2265126625233137Buildingandgrounds4989648873947429540274Totalgeneralgovernment3238003158420474293348994PublicsafetyPolice15900392056421697231625958Fire3397034696564150004078598Totalpublicsafety49870739022061847235704556PublicworksAdministration1131351241451910898993Forestry680960680960MERF4344972020723000431704Streetdivision21445374090062553543Transportation531276531276Totalpublicworks1510478242921343751915096476Economicdevelopment12590554742918701128778324588913153726868837225437809126 IIIIIIIIIIIIIIIIIII GENERALLONGTERMDEBTACCOUNTGROUPThisseparateselfbalancinggroupofaccountsincludestheamountofoutstandinglongtermindebtednessthathasnotbeenidentifiedasaspecificfundliabilityofaproprietaryortrustfundandthatisbackedbythefullfaithandcreditoftheVillageofGlenview IIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIII COMPONENTUNITComponentUnitLibraryFundTheLibraryFundisusedtoaccountfortheresourcesnecessarytoprovidetheeducationalculturalandrecreationalactivitiesoftheGlenviewPublicLibrary IIIIIIIIIIIIIIIIII VILLAGEOFGLENVIEWILLINOISComponentUnitLibraryFundCombiningBalanceSheetDecember312000withcomparativetotalsfor1999GeneralFixedAssetsAccountTotalsGeneralFundGroup20001999ASSETSCash9364293642461105Investments146552214655221191180ReceivablesAccounts762762Propertytaxes319838831983883023631Accruedinterest25329RestrictedassetsCash523735237314464293349293349321320InvestmentsGeneralfixedassets549576654957665481722Totalassets510403654957661059980210518751LIABILITIESANDFUNDEQUITYLiabilitiesAccountspayable1645316453Accruedpayroll310563105630909Duetoprimarygovernment12000012000060000Deferredrevenues474564745647418Deferredpropertytaxes319838831983883023631Totalliabilities341335334133533161958FundequityInvestmentingeneralfixedassets549576654957665481722FundbalanceReservedforendowments345722345722335784Unreserved1344961134496115392871690683549576671864497356793Totalliabilitiesandfundequity510403654957661059980210518751Seeaccompanyingnotestofinancialstatements128 VILLAGEOFGLENVIEWILLINOISComponentUnitLibraryFundStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualYearEndedDecember312000andActualOnlyfor199920001999BudgetActualActualRevenuesTaxesPropertytaxescurrent311434029908032990123Propertytaxesprior160025485Replacementtaxes290002900029000IntergovernmentalPercapitagrant350004741847604Makewholepayment47340Chargesforservices835008815978341Finesandforfeits660006051862792Interest59000100959106228MiscellaneousDonations4311448877Other56642425Totalrevenues338684035730003365875ExpendituresCultureandrecreation357902434881663227873Excessdeficiencyofrevenueseverexpenditures19218484834138002OtherfinancingusesOperatingtransfersoutprimarygovernmentGeneralFund126001260012600IMRFFund136622136622132182CapitalProjectsFund120000120000120000269222269222264782Excessdeficiencyofrevenuesoverexpendituresandotherfinancinguses461406184388126780FundbalanceJanuary118750712001851December3116906831875071Seeaccompanyingnotestofinancialstatements129 VILLAGEOFGLENVIEWILLINOISComponentUnitLibraryFundScheduleofOperatingExpendituresBudgetandActualYearEndedDecember312000BudgetActualCultureandrecreationRegularsalaries12361571198901Overtimesalaries74078Temporarysalaries790934720222Legal3000298feesPublicinformation1741016500Printing88755438Printingbindingandpublication80006668Powerandlights600760Heating70005041Postage1700017537Telephoneandtelegraph3305531076Duesandsubscriptions47404187Maintenanceofequipment1975143510Maintenanceofcopiers4117739509MaintenanceofEDPequipment3400040267Onlinesearching6570058555Maintenanceofbuildings9249079360Travel202505592Training2765020954Trustee250021011000PersonnelDirectorexpenses1200485Libraryprograms2705026651Officesupplies1965012352Processingsupplies1685014248Circulationsupplies110507285Audiovisualsupplies93009590Bookspamphletsandmaterials439838435248Periodicals4859439234Audiovisual5065049974Microform3663934112Videotapes3005032144Cataloging3500034497Contingencies10002826Otheroperatingexpenses9501680Machineryandequipment1535042178FICApayments154154152469250410222339InsuranceTotalexpenditures35790243488166130 VILLAGEOFGLENVIEWILLINOISComponentUnitLibraryFundGeneralFixedAssetsAccountGroupScheduleofGeneralFixedAssetsbySourceDecember312000withcomparativetotalsfor199920001999GENERALFIXEDASSETSLand500000500000Buildingsandimprovements41254884125488Furnitureandequipment87027885623454957665481722INVESTMENTINGENERALFIXEDASSETSGeneralrevenues54957662381722Bondissues310000054957665481722131 VILLAGEOFGLENVIEWILLINOISCombinedScheduleofCashandInveshxtentsDecember312000SeeFollowingPage I VILLAGEOFGLENVIEWILLINOISScheduleofInsuranceinForceDecember312000SpecificAggregateExpixationISelfInsuredExcessExcessInsuranceDateofTypeofCoverageRetentionLimitLimitCarrierPolicyPropertyMobileEquipmentAutoIPhysicalDamage50000950000950000UnitedNational123101ExcessProperty1000000NA38431647TravelersInsurance123101GeneralLiabilityIEmployeeBenefitsLawEnforcementILiabilityPublicOfficials100000900000NAUnitedNational123101AutoLiability100000900000NAUnitedNational123101EmployeeDishonestyCrime250000NAKemperInsurance123101GeneralLiabilityAutoLiabilityLawEnforcementLiabilityAmbulanceAttendantsLiabilityIPublicOfficialsLiability10000001000000010000000HighLevelExcessLiabilityPool43008BoilerandMachinery50005000000050000000TravelersInsurance123101PositionSuretyBonds1PaulTMcCarthyTreasurer10000001000000AmericanMotorists123101WorkersCompensation2500005000050000UnitedNational1231011ExcessWorkersICompensation300000StatutoryStatutorySafetyNational123101Ailretentionssubjecttoamaximum500000lossfundINANotapplicableII1133I VILLAGEOFGLENVIEIaILLINOISLongTermDebtRequirementsCorporatePurposeBondSeriesof1992December312000DateofIssueApril11992DateofMaturityDecember12012AuthorizedIssue2895000DenominationofBonds5000InterestRates20005902001600200261020036202004630200564020066502007200865520092012660InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoCURRENTANDFUTUREPRINCIPALANDINTERESTREQUIREMENTSTaxFiscalLevyBondTaxLevyInterestDueonYearYearNumbersPrincipalInterestTotalsune1AmountDec1Amount200120001451691250001404442654442001702222001702222002200117019513000013294426294420026647220026647220032002196224145000125014270014200362507200362507200420032252541500001160242660242004580122004580122005200425528616000010657426657420055328720055328720062005287320170000963342663342006481672006481672007200632136618000085284265284200742642200742642200820073673951950007349026849020083674520083674520092008396437210000607202707202009303602009303602010200943848122000046860266860201023430201023430201120104825282350003234026734020111617020111617020122011529579255000168302718302012841520128415217500010328583207858fi429516429NoteTheabovebondissueistoberetiredannuallybyWholesaleWaterFund134 VILLAGEOFGLENVIEWILLINOISILongTermDebtRequirementsCorporatePurposeBondSeriesof1993IDecember312000DateofIssueMay11993IDateofMaturityDecember12005AuthorizedIssue7635000DenominationofBonds5000IInterestRates200146020024602003460I20044602005470InterestDatesJune1andDecember1IPrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoICURRENTANDFUTUREPRINCIPALANDINTERESTREQUIREMENTSITaxIFiscalLevyBondTaxLewlnterestDueonYearYearNumbersPrincipalInterestTotalsune1AmountDec1AmountI2001200049763670000023847693847620011192382001119238200220016377947900002062769962762002103138200210313820032002795101911250001699361294936200384968200384968I2004200310201298119500011818613131862004590932004590932005200412591527134500063216140821620053160820053160851550007960905951090398045398045INoteDebtserviceispayablefromtheDebtServiceFundusingmoniesreceivedfromaIpropertytaxlevyI1II135I VILLAGEOFGLENVIEWILLINOISLongTermDebtRequirementsCorporatePurposeBondSeriesof1994December312000DateofIssueSeptember151994DateofMaturityDecember12004AuthorizedIssue8040000DenominationofBonds5000InterestRates2001490200250020032004510InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoCURRENTANDFUTUREPRINCIPALANDINTERESTREQUIREMENTSTaxFiscalLevyBondTaxLevyInterestDueonYearYearNumbersPrincipalInterestTotalsune1AmountDec1Amount2001200009051135115500017554013305402001877702001877702002200111361367116000011894512789452002594722002594732003200213681485590000609456509452003304732003304722004200314861608605000308546358552004154272004154273510000386284389628519314219142NoteDebtserviceispayablefromtheDebtServiceFundusingmoniesreceivedfromapropertytaxlevyandmoniestransferredfromtheWaterworksandSewerageFunds136 VILLAGEOFGLENVIEWILLINOISLongTermDebtRequirementsCorporatePurposeBondSeriesof1996December312000DateofIssueNovember11996DateofMaturityDecember12008AuthorizedIssue8435000DenominationofBonds5000InterestRatesBondsRate13627646252771278470712791477480147816874875InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoCURRENTANDFUTUREPRINCIPALANDINTERESTREQUIREMENTSFiscalBondTaxLewInterestDueonYearNumbersprincipalInterestTotalslune1AmountDec1Amount2001277423735000334418106941820011672092001167209200242457877500029987210748722002149936200214993620035797408100002634481073448200313172420031317242I47419108500002253781675378200411268920041126892005911108989500018542810804282005927142005927142006109012789450001433621088362200671681200671681200712791477995000989481093948200749474200749474200814781687105000051t1881101188200825594200825594705500016020428657042801021801021NoteDebtserviceispayablefromtheDebtServiceFundusingmoniestransferredfromtheGNASRedevelopmentFund137 VILLAGEOFGLENVIEWILLINOISLongTermDebtRequirementsCorporatePurposeBondSeriesof1997December312000ofIssueAugust151997ofMaturityDecember12017AuthorizedIssue6175000DenomnationofBonds5000InterestRatesBondsRate0017174875718792490079212355000InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoCURRENTANDFUTUREPRINCIPALANDINTERESTREQUIREMENTSFiscalBondRequirementsInterestDueonYearNumbersPrincipalInterestTotalsune1AmountDec1Amount2001103145215000279032494032200113951620011395162002146190P50002685504935502002134275200213427520031912382400002575824975822003128791200312879120042392882500002458824958822004122941200412294120052893402600002336944936942005116847200511684720063413952750002210184960182006110509200611050920073964532900002076124976122007103806200710380620084545143050001934764984762008967382008967382009515578320000178606498606200989303200989303201057964634000016300650300620108150320108150320116477173550001464325014322017321620117321620127187923750001291265fl412620126456320126456320137938713950001107505057502013555752013553752014872955420000910005110002014455002014455002015956104344000070000510000201535000201535000201610441136465000480005130002016240002016240002017113712354950002475051975020171237520171237556650002868516853351614342581434258DebtserviceispayablefromtheNorthMaineWaterandSewerFund138 VILLAGEOFGLENVIEWILLINOISLongTermDebtRequirementsCorporatePurposeNotesof1997December312000IssueSeptember21997MaturitySeptember12019AuthorizedIssue2850000DenominationofBonds1425000Rate4942DateSeptember1PrincipalMaturityDateSeptember1PayableatNorthSuburbanPublicUtilityOverlandParkKansasCURRENTANDFUTUREPRiNCIPALANDINTERESTREQUIREMENTSFiscalRequirementsYearPrincipalInterestTotals2001861211292562153772002903841249932153772003948521205252153772004995391158382153772005104459110918215377200610962110575621537720071150391003382153772008120725946522153772009126691886862153772010132952824252153772011139523758542153772012146419689582153772013153655617222153772014161249541282153772015169219461582153772016177582377952153772017186359290182153772018195569198082153772019205t23410t143215377261519214769714092163DebtserviceispayablefromtheNorthMaineWaterandSewerFund139 VILLAGEOFGLENVIEWILLINOISLongTermDebtRequirementsGeneralObligationBondSeriesof1998ADecember312000DateofIssueNovember11998DateofMaturityDecember12018AuthorizedIssue10000000DenominationofBonds5000InterestRatesBondsRate1139410140389415390661420662957425958127843012792000435InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoCURRENTANDFUTUREPRINCIPALANDINTERESTREQUIREMENTSFiscalTaxLevyInterestDueonYearPrincipalInterestTotalsTune1AmountDec1Amount2001426440426440200121322020012132202002426440426440200221322020022132202003426t04264402003213290200321322020044264404264402004213220200421322020054264404264402005213220200521322020064264404264402006213220200621322020074264404264402007213220200721322020084264404264402008213220200821322020094264404264402009213220200921322020104264404264402010213220201021322020114264404264402011213220201121322020126950004264401121440201221322020122132202013125000039794516479452013198973201319897220141360000346070170607020141730352014173035201514800002889501768950201514447520151444752016160500022605018310502016113025201611302520171735000157035189203520177851820177817201818750008156319565632018407812018407821000000066148931661489333074473307446NoteInterestpaymentstocomefrombondproceedsDebtserviceispayablefromtheDebtServiceFundusingmoniestransferredfromtheGNASRedevelopmentFtmd140 VILLAGEOFGLENVIEWILLINOISLongTermDebtRequirementsGeneralObligationBondSeriesof1998BDecember312000DateofIssueJanuary11999DateofMaturityDecember12018AuthorizedIssue24400000DenominationofBonds5000InterestRatesBondsRate15144250151522154375221625894400259048804500InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoCURRENTANDFUTUREPRINCIPALANDINTERESTREQUIREMENTSFiscalTaxLevyInterestDueonYearprincipalInterestTotalsune1AmountDec1Amount20011072824107282420015364122001536412200213950001072824246782420025364122002536412200314500001013536243536200350676820035067682004151000095191124619112004475966200447595520051575000887736Z4627362005443868200544386820061640000820799246079920064103992006410400200717t50007510992466099200737555020073755492008179000067606824660682008338034200833803420091870000597755246775520092988782009298877201019550G05154752470475201025773720102577382011205000042750024775002011213750201121375020121450000335250178525020121676252012167625201310000002700001270000201313500020131350002014100000022500012250002014112500201411250020151000000180000118000020159000020159000020161000000135000113500020166750020166750020171000000900001090000201745000201745000201810000004500010450002018225002018225002440000010067777344677775033895033888NoteInterestpaymentstocomefrombondproceedsDebtserviceispayablefromtheDebtServiceFundusingmoniestransferredfromtheGNASRedevelopmentFund141 VILLAGEOFGLENVIEWILLINOISLongTermDebtRequirementsGeneralObligationBondSeriesof2000December312000DateofIssueDecember152000DateofMaturityDecember12008AuthorizedIssue4970000DenominationofBonds5000InterestRatesBondsRate16943070795440796994450InterestDatesJune1andDecember1PrincipalMaturityDateDecember1PayableatAmericanNationalBankandTrustCompanyofChicagoCURRENTANDFUTUREPRINCIPALANDINTERESTREQUIREMENTSFiscalBondTaxLevyInterestDueonYearNumbersPrincipalInterestTotalstune1AmountDec1Amount20OI210805210805200110113720011096682002219335219335200210966200210966820032193352193352003109668200310966820042193352193352004109668200410966820051693450002193355643352005109668200510966820067041917500002045001954500200610225020061022502007420795187500012750020025002007637502007637502008796994100000045t0001045000200822500200822500497000014651456435145728307736838NoteItisanticipatedthattheleviesassociatedwiththisissuewillbeabatedthrough2004transfersfromtheGeneralFundThebondproceedswillbeusedforinfrastructureimprovementsthroughouttheVillage142 IIIIII1IIIIIIIIIIII VILLAGEOFGLENVIEWILLINOISPropertyTaxAssessedValuationsRatesExtensionsandCollectionsLastTenFiscalYearsDecember312000SeeFollowingPage VILLAGEOFGLENVIEWILLINOISPropertyTaxRatesDirectandOverlappingGovernmentsLastTenFiscalYearsDecember312000SeeFollowingPage VILLAGEOFGLENVIEWILLINOISScheduleofLegalDebtMarginDecember312000ArticleVIISection6kofthe1970IllinoisConstitutiongovernscomputationofthelegaldebtTheGeneralAssemblymaylimitbylawtheamountandrequirereferendumapprovalofdebttobeincurredbyhomerulemunicipalitiespayablefromadvalorempropertytaxreceiptsonlyinexcessofthefollowingpercentagesoftheassessedvalueofitstaxableproperty2ifitspopulationismorethan25000andlessthan500000anaggregateofonepercentindebtednesswhichisoutstandingontheeffectivedateJuly11971ofthisconstitutionorwhichisthereafterapprovedbyreferendumshallnotbeincludedintheforegoingpercentageamountsTodatetheGeneralAssemblyhassetnolimitsforhomerulemurricipalities149 VILLAGEOFGLENVIEWILLINOISmDemographicStatisticsLastTenFiscalYearsIDecember312000EducationLevelinmPer1Yearsof23Fiscal1CapitaMedianFormalSchoolUnemploymentYearPopulationIncomeAgeSchoolingEnrollmentPercentageI1991384372483835516630154419923843730531375164588750m19933843731469375165593750I1994384373216137516560233719953843733144375165846131m19963843734037375165859030i199738437348863751658676261998384373557837516593152519993843736315375165924123I20004184737566375165924125EstimateDataSources1USDepartmentofCommerceBureauoftheCensusI2Includeselementaryandhighschoolstudents3lllinoisDepaihientofLaborIllinoisDepartmentofEmploymentSecuritynotseasonablymadjusted152 VILLAGEOFGLENVIEWILLINOISMiscellaneousStatisticsDecember312000DateofIncorporationJune201899FormofGovernmentCouncilManagerGeographicLocation20MilesNorthofChicagoArea13SquareMilesPopulation195001614219601181321970t248801980o3206019900384372000041847NumberofTotalHousingUnits1993Census11399MedianValueOwnerOccupiedNoncondominiumHousingUnits252640DistributionofOwnerOccupiedNoncondominiumHousesbyValue1993CensusUnitValuebyRange1UnitDistributionNumberPercentUnder1000003784100000199999335935200000299999280529300000orMore30003295421000TheaboveinformationfromtheBureauoftheCensusContinued154 VILLAGEOFGLENVIEvVILLINOISMiscellaneousStatisticsDecember312000FireProtectionNumberoffirefighters82Numberofstations3Numberoffirehydrants2300ISOratingClass3PoliceProtectionNumberofpoliceofficers75Numberofschoolcrossingguards18NumberofstationsLibraryServicesNumberoflibraries1Numberofbooks255450Numberofrecords3153Numberofaudiocassettes8623Numberofslidessets367Numberofvideotapes8771Numberofcompactdiscs9882Numberofregisteredborrowers373812000bookcirculation700760RecreationFacilitiesNumberofparksandplaygrounds36ParkareainacresParkDistrictowned447ParkareainacresParkDistrictleased135MunicipalParkingFacilitiesNumberofparkingspaces1168WaterworksOperationsNumberofsewercustomersservedduringfiscalyear9518NumberofmeteredwatercustomersatDecember31200014953NumberofunmeteredwatercustomersatDecember312000Gallonsofwaterpurchasedduringfiscalyear3033150000Gallonsofwaterbilledduringfiscalyear2760130000WaterstoragecapacityGroundStorage8500000gallonsElevatedStorage1000000gallonsContinued155 VILLAGEOFGLENVIEWILLINOISMiscellaneousStatisticsDecember312000NumberoffulltimeemployeesonDecember312000322MilesofstreetsmaintainedbyGlenviewidentifiedbyfunctionalclassificationArterial7Collector5Residential106Culdesacs12Total130MilesofstreetsmaintainedbyGlenviewidentifiedbysurfacetypeAsphalt92Concrete38Total130MilesofalleysmaintainedbyGlenview22MilesofstreetswithintheVillageofGlenviewmaintainedbyCookCounty22ortheStateofIllinoisMilesofsanitarysewers806Milesostormsewers74NumberofVillageownedstreetlights465BuildingactivityNumberofpermitsissuedin20002109Valueofconstructionauthorizedin2000343039232156 VILLAGEOFGLENVIEWILLINOISMajorCorporateFundRevenueSourcesNonRealEstateTaxDecember312000ofofofFiscalSalesTotalUtilityTotalIncomeTotalYearTaxRevenueTaxRevenueTaxRevenue1991335815128526871592281605474136199236080712672744525203165192512219934188116294287614920219661241381994443893224425128671382157707119199548430712532935696153226627911819964661985236309936515726567441341997479483021131848121402483946109199850923572093340555137266600310919995758617230326272513027402811102000652292223737125831452990432109NoteIncludesGeneralFundonly158 VILLAGEOFGLENVIEWCookCountyIllinoisANNUALFINANCIALINFORMATIONSTATEMENTOFINDEBTEDNESSAmountAsPerCentofPerCapitaApplicableasofAssessedEsimated200CensusDec31200ValueTrueValuePOD4t847AssessedValuationofTaxableRealProperty1999124620552100003333278012EstimatedTreeValueofTaxableRealPtopech19993736265630000f000034035DirectGeneralObligationBondedDebtlPayablefromPropertyTaxes124683001003329795SlfSupperfingDebt5046170040513510586TotalDirectBondedDebt62930000505168150381OverlappingBondedDebtPayablefromPropertyTaxes2Schools181648431464843408OtherThanSchools4172419433511299706TotalOverlappingBondedDebt59889037481160143114TotalDirectandOverlappingBondedDebt122819037986328293495TotalDirectandOverlappingExcludingSelfSuppoSing72357337581193172909Notes1TheVillageiahcmerutaunitunderthe1970IllinoisConsEtottonandassuchhasnodebtlimitnorisitrequiedtoseekreferendumapprovaltortheissuanceofgeneralobtigatlendebtSeeRerementScheduleofOutsiondingVillageGeneralObtigatonDebttoralistingoftheViagesnongeneralobljationdebtandcurrentlyoutstandinggeneralobtigeondebtOftheViagesgeneraloblgatlendebtSO2or504617OOisconsideredselfsupporng2SeeDetailedOverlappingBondedthdebednessPayolasFromProperlyTaxesatDecember312000RETIREMENTSCHEDULEOFOUTSTANDINGVILLAGEGENERALOBLIGATIONDEBTNote1AsofDecember312000PrincipalAmountsDebtServicePaidFromSelfSupporthqWithProjectedAbeementFromTaxLeviesPropertyTaxesWaterandBewerFunds2TaxIncrementRevsltlTotalFromDuePreSeriesSeriesSesSedesSedesSeriesSeriesCumulLevyPoparty1212000320001992411994511997619961998AmountPercentYearTaxes20011403400012500045160021500073500002930000472000195931420021493000013000045700022500077500013950004475000118200119907802003158760001450001274002400008100001150000436000018720022024612200416693000150000130700250000850000151000045600002592003203103120051345000345000160000026000089500015750004580000332200419725512006017500001700002750009450001640000478000040820051954500271875000180000290000995001715000505500048820062002500100000019500305000105000017900004340005572007104500002100003200000187000024000005962200003400001955000251500063520112350003550002050000264000067720122550003750002145000277500072220130395000225000026450007642014420000236003027800008082015440000248000029200008542016465000260500030700009032017495000273500032300009542018028750002875000100074983004970000217500011667005665000705500034400000629G0000Notes1Excudes261519ntapayabtatoannuapeymentf215377ttheseersftheutiitycmpanythatwasacquiredinSeptamber1997The953815lincipalamountofspecialserviceareabondstheproceedsofwhichhavebeenusedforvaheusneighberhodIocalimprovementsandwhicharesecuredbypropertytaxestobeeHedintheapplicablespecialserviceareasisshownasoverlappingdebtinthetableDetailedOverlappingBondedIndebtadnesPayabFromPropertyTaxesZAsahomeruleunitunderthe1970itnotsConstutiantheVillagehasnodebtlimitanditcanissuegeneralobigabonbondswithoutreferendumTheVillagehaschosentondvariouswatarisewerimprovementswithgeneralobligaonbondsandabatetaxesfromuserchargesTheVillageswatersystemservesapopulationofapproximately100000ofwhichapproximately64000areoutsidetheVillagelimits57000inunincorporatedareasand7000intheCitizensUitlesserviceama3IncludesrmainYgmataittlesfortheVlTtagesoutstandingSeries1993BondsandapoonoftheoutstandingSeries1994issues4TheSedes1992BondsarepayableprimarilyfromrevenuesoftheserviceareaofapdvatewatercompanyCitizensUtiliZesouidetheVillagelimits5TheVillagesold8040000GeneralObligationRefundingBondsSeres1994onAugust301994Apotionoftheissueispayableomproperlytaxesandtheremainderisselfsupportingfromwatedsewerrevenues6TheSeries1997BondsarebeingpaidfromwaterandsewerrevenuesofaserviceareaoutsidetheVillagelimitswithapopulationofapproximately400007TheSeries1996andSeries1998BondsamexpectedtobepaidfromthcrementalpropertytaxesatIhsGtanvtawNavalAirStationEconomicDevekpmeotProjectAreapus80ofthelandsaleproceedsderivedfromtheVlegesaleoflandattheProjectArea DEBTRATIOSANDPERCAPITADEBTLASTTENBONDSALESNote1Ra6otoEstimatedActualValueIlPerCaaita1DirectDebtDirectOverlaooinaDebtDirectOverlaEminaDetIncludingExcludingIncludingExcludingIncludingExcludingVillaaeIssueSelfSelfSelfSelfSelfSelfSaleDateAmountSuooortlnaSuooortinfl2SuooortinaSuoDorgnaf2SuooortinaSuooortlne2November19199141650009150264223153282129524April71992289500010350278225161407130418May181993763500012377331285196219169055August301994802500039460300266222973197880January2519956000000048757298268221967199553October1719955000008957317285236061212334October1519968435000510145318262259075213453August5199761750001134231524425441319S957October20199834400000621237398223312564175200December52000497000016833328193310934183183Notes1RaosandpercapitainformationassetoutinapplicableOfficialStatementsTheVillagesondAntidpalionBondswhichsoldonJanuary251995amnotincluddintheseratiosseeNote42ExctudingVillegesselfsupporfinggeneralobflgaoobondeddebt3nalissueamountwas8040000ThisissueadvancerefundedthecallablematuresoftheSeries1989and1990issue4GeneralObligationBondAnticipationBondsSedes1995BABStheproceedsofwhichwereusedtofundinterestuptotherespectivematuritydatesoftheBABSandtocreateacapitalimprovementfundforredevelopmentcostsoftheGlenvlawNavalAirStationwhichofficiallyclosedonSeptember01995TheprincipalamountoftheBondAnticipationBondswasnotincludedinthedebtratiosandpercapitadatewhenthosematuffiioswererefinancedwithSedes1996andtheSeries1998Bondsthey5ProcsedsusedtorefundtheDecemberl1996malurtyoftheBABS6AportionoftheproceedsoftheSehes1998BondswasusedtorefundtheDecernber11998matufiyoftheBABSDETAILEDOVERLAPPINGBONDEDINDEBTEDNESSPAYABLEFROMPROPERTYTAXESATDECEMBER312000PercentofVillagesApplicableVillagesShareNoteI1999RealofGrossDebtToBePaidPropertyinGrossFromRealPropertyTaxesSCHOOLDISTRICTSTaxineBodyBondedDebtPercentAmountElementaryDistrictsGlenviewSchoolDistrictNo346822600000857012228226NorhbrookSchoolDistrictNo301258364641413Q23454764WestNorthfieldSchoolDistrictNo31956615030248371642968WilmeiteSchoolDistrictNo393155700004714262570EastMaineSchcotDistrictNo6326236600004184989934GolfSchoolDistrictNo6724480000014470694560AvocaSchoolDistrictNo371737450007012696771000HighSchoolDistrictsNorthfieldTownshipHighSchoolDistrictNo225897187819933356756700476NewTrierTownshipHighSchoolDistrictNo203482515500032329585860NilesTownshipHighSchoolDistctNo219308894142913401191815MaineTownshipHighSchoolDistrictNo207251428500010081439931000CommunityCollegeDistrictOaktonCormnuntiycollegeNo5351000095730TotalSchoolDistricts18164843OTHERTHANSCHOOLDISTRICTSCookCountyIncludingForestPreserveDistrict100017984150002150527066146MetropolitanWaterReclamationDistrict10008196450002153812606140GienviewParkDistrict911206000382518995167NothbrookParkDistrict417940000334461714NorthMaineFireProtectionDistrict4183000022524112GlenviewSpecialServiceAreasVarious95381510003953815TotalOtherThanSchoolDistricts41724194Notes1IfLagesshambasedupen1999RealProperlyvaluations2ExcludesGeneralObligationNotesissuedinlieuoftaxanticipationwarrantsandnotesissuedtoprovideinterimcooskcfionfinancingPJsoexcludesIEPAloanstotheMetropolitanWaterReclamationDistrict3ExcludesthefollowingAlternateBondslasuedpursuanttoPublicAct51419whicharaconsideredtobeserfsuppongsincetheyarepayablefromuserfeeserotherptedgednonproperlytaxsourcesNorthfialdTownshipHighSchoolDistrictNo22529465000NewTderHighSchoolDlatdctNo2035700000GlenvtewParkDistrict31950000andNorthblookParkDlact58550000 EQUALIZEDASSESSEDVALUATIONFORTAXINGPURPOSESNote1ForGeneralTaxinaPuroosesNote1tForAllTaxinaPuroosesTaxGrossLessNetForIncreaseNetForPlusTotalForAllLevyRealExemptionsGeneralTaxingOverGeneralTaxingIncrementalTaxingYearProperty2PuroosesSPH0rYearPurosss5Valuation7Pumosesf619953116925282609057751036019507112103601950701036019507193611115541376124541410503087231410503087230105030872319971110128692623508661047777826251047777826010477778261998312246867716431573011603710411071160371041011603710411999130903017065038497143991673472124399167322168791246208552Notes1PropertyinCookCountyisseparatedintoeightclassificationsforassessmentpurposesrangingin1985fromf6forrosidentialto40forcommercialpropertyAftertheassessorestablishesthefairmarketvalueofaparceloflandthatvalueismultipliedbyoneofthecfasalticationpercentagestoarveattheassessedvaluationforthatparcelTheltiinolsDepartmentofRevenuefurolsheseachcounfywithanadjustmentfactortheequalizationfactortoequalizethelelofassessmentbetweencountesAftertheequalizationfactorsappliedthevaluationofthepropertyfortaxingpurposeshasbeenestaxratesareappliedtotheequazedValuan2IncludesthreemajorcategoriesofexemptionstheSeniorCitizensHomesteadExemption7972000in1999theSeniorCitizensTaxFreezeHomesteadExemption4966847in1999andtheGeneralHornesteadExemption5209g650in1999TheSeniorCitizensHornesteadExemptioneffoctivefortaxyears1991andioliowingisareductionof2500I500inlevyyears19721983and2000inlevyyeats19841990intheequalizedassessedvaluationofrealpropertyownedandoccupiedbyaperson65yeaofageorolderTheGeneraIHomesteadExemptionisavailabletoowneroccupiedrestdentialpropertytheamountoftheexemptionistheincreaseinthecurrentyeasequalizedassessedvaluationabovethe1977taxyearequalizedassessedvaluationwithamaximumof1500in19783000between1979and19823500between19831990and4500lhereaflecTheSeniorCigzenTaxFreezeHomesteadExemptionfirsteffestiveinlevyyearlgg4providesthatpersons65orolderwithahouseholdincomeoffassthan40000upfrom35000inlevyyear1998andpdormayreceiveanexemptionintheamountoftheditferencebetweenthecurrentequalizedassessedvalueoftheirpdnalpelresidenceandthelowestpreweesassessmentinaqualifyingyeareveniftheseniorwasnoteligibleforsomeinteneningyeacUnderthecurrenttriennialreassessmentsysteminCookCountyonethirdoftheCountyisreassessedeachyeaTheVillsgewasmassessedin1995and19984Byvaluation828oftheVillageisinNorthfieldTownship64isinNilesTownshi61isinMaineTownsfapand47rsnNewTherTownshipIncludes123644ofRailroadPropefynowclassifiedasRealPropey5Thedecreaseinequalizedassessedvaluationwasprimarilyduetoa31dropintheStateimposedequalizationfactorforCcokCountyfromZ1517inlevyyear1996to21489inlevyyear19976TheVillagestaxrateisextendedagainstitsentireEqualizedAssessedValuationshowninthistableasTotalforallTaxingPurposesexcludingonlythestatutoryexemptionsOfthetaxescollectedthatpadonapplicabletoincrementalvaluationvaluationoftaxincrementdistrictsisremittedtotheVillagebytheCountyCollectorfordepositintheapplicabletaxallocationfundTheEquaflzedAssessedValuationforwhichtheVillagereceivesitsportionofthetotaltaxrateforallnonTIFpurposesisshowninthistableasNetforGeneralTaxingPurposest7WhentheGlenviownavaIAirStationTaxIncrementDistrictwascreateditincludedtheAirStationandanolderindustrialareaadjacenttheretoAsofJanuary11999theincrementalvaluationwasaddedfromchangesinthatledustrlareaLandvaluationslethatindustrialareahaveincreasedforavarietyofreasonsincludingthefacttheprolrtybelegadjacenttoamajornewadweyentranceintotheredevelepedbaseandanewMatratrainstationTAXRATESPER100EQUALIZEDASSESSEDVALUATIONLevyYearsVillageofGtanview1995199619971998t999BondsandInterest119125166156145PensionsPoliceFireIMRFSocialSecurity191139112095077Corporate353422457409430TotalVillagel663687735660652CookCountyInclForestPreserve106610F33993983955MetropolitanWaterReclamationDistrct495492451A44419GlenviewSDNumber3429593071318829912839NorthiteldTownshipHSDNumber22518991903193218401870OaktonCommunityCollegeDistNumber535233208216205203GlenviewParkDistrict478476498587578Library2301303304269251NortheldTownshipandAIlOther117090118078068Total38211829384358057735ViSageasaPercentofTotal8183678283Notes1Asahomeruleunitunderthef970IllinoisConstttutiontheVillagehasnostatutorytaxratelimitabbns2Beginninginlevyyear1985thetaxrateforLibrarypurposesisconsdeedunderStatelawtobeaseparatelevyfromtheVillage3Taxrateapplicabletothelargesttaxcodewhichrepresented434ofeVillages1999taxbaseandislocatedinNorthfieldTownship TAXEXTENSIONSANDCOLLECTIONSVillagePurposesOnlyTotalTaxesColtectedasLevyCollectionTotalTaxesofAlHI302001YearYearExtendAmountf2Percent199519966868809689093910032199619977215620724780910044199719987701167763389599131998199976584487679741100271999200811082580466819921Notes1SourceCookCountyTreasurersOfficeTaxescollectedincludinglatepaymentsareshownascollectionsintheyearwhendueregerdlessofwhenhecollectonoccursTheAmountCllectedisnotthesameasdistdbutionstotheVillageasccllectionsincludetaxespaidunderpotastWhenthetaxesarepaidunderprotestareremitdtheyarenot1993AND1998TAXBASEDISTRIBUTIONBYPROPERTYCLASSIFICATIONTENLARGESTTAXPAYERS2 IGENERALFUNDISummaryStatementofRevenuesExpendituresandChangesinFundBalanceFiscalYearsEndingDecember31AuditedfNote2pooOOlIRevenuesTransfers1996199719981999BudRet2ActualBudoet2Pmpertytaxes33567602509874154211345088157586930056284686992318PropertyTaxesFireProtectionDisfriot111857583209452720148772123992205000019680761900000SalesTaxes4661965479483050923575758617550000065229226300000UtilityTax309936531848123340555326272531932303712583iStateIncomeTaxPhotoandUseTax2656744290065031119r43249388335000035510203550000FanchiseTaxes320704333645322468379362370000195281375000HotelRoomTax4698644788672856775803135925000872019825000MotorVehicleLicenses487784459412553510000BuildingPermitsCertOfOccup311400817715106944999674593000014567652207505OtherLicensesandPermits287904409987250796236925257000280634255000IChargesForServices6741516520351310311741991198353512809281976400FinesandFoneits239467258230232855281525225000224431250000Interest231829427039526760478582475000665382475000TransfersInWaterworks0471245452814457808500750500750493700IWholesaleWater1158109827510670010220010200010200105000TheGleRedevCaretaker1983573303563385040004000404000NorthMaineUtilities00285174381981292674292674307500EscrowDeposilIoterest5157544245864127215194993150000190994175000Other90516112731168898107139118100132706151760ILandSales0005315931635000295460400000AllOtherRevenues68795054212679501210753761622228871721379500TotalRevenuesTransfers20345339240208922552549126256Z44296528412995864530872683ExpendituresTransfersGeneralGovernment395838554683034824865485451484055676933016035998iPublicSafety1085441123544811918831123576313343555132950G115607665HighwaysandStreets3475887394460440948064774392532806051004555792044Pensions0617344613170515397424000570574465000SubtotaiExpenditures17982816212656992145167222501566275051712665936127870707TransfersOutiCapitalEquiprnentReplacement6803431901114965013102490310013021001302862095CapitalProjects311000453000919600119928544268243109G72309805Other75773455400000TotalExpendituresTransfers19173020226243672333628524725754329332973127160021042607RevenueOverUnderExpendituresIBeforeCapitalTransfers949247236252327506393754678214767032992843001976AfterCapitalTransfers98748211723191396525153049032804561312955169924AdjusfmentstoFundBalance9774901938500FundBalanceatDecember3177194227836654697824561350215212189197BalanceSheetatDecember31ITotalAssets1406298316538719181218r0852060306620538037163I 6TheCapitalEquipmentReplacementFundCERFwasestabhedbyordinancein1979withthestatedpurposeofeveningouttheannualexpendurasformajorcapitalexpendituresAlloftheVillagesonroadandoffroadequipmentfirepublicworksetcisincludedEachDepartmentischargedwiththeequivalentofadepreciationchargewhichisremlltdincashtotheCapitalEquipmentReplacementFundceredintheCapitaProjectsFundAsofDecember312000cashandinvestmentsineCapitalEquOmentRplacementFundtotaled87967857ForthefiscalyearendedDecember311982theVillagechangeditspropertytaxrevenuerecognitfontoconformtotheprovisionsoffoterpretationissuedbytheNationalCouncilonGovernmentalAcceuebgunderwhichpropertytaxrevenuesamrecognizedtotheextentoftaxesdueandcollectedwhinthecurrentyeacThecurrentnettaxlavyreceivablaisrecgnizedinthebalancesheatatongwithacespondingarnuntofdeferrdrevenue8Whenhetlllaechaneditpitcymgardin9thefealofprprtytaxesortheGeneraiFundNate3itaisderratnedincreashcashraservbaancefo9daysfwrkingcashwhichgivnthe2actualnncapitaxpnditurettalsapprximatey666484ThisresemeservesaslasuranceshudtheVillagefaceuctuatinsordeayslataxpaymentsamnetayjudgmentanatoradisasterrtherfiscadifficuitiesTheGaseralFundCashBalancehasdsenfrom1377554atDecember311985to12206729atDecember312000whichrepresentedacashreservebalance9Dudngfiscalyear1989725000inbendproceedsfromtheSees1989BondFundCapitalProjectsFundwastransfenedtotheGeneralFundforthepurposeofpayingashorttsrrnrteferthepurchaseofpropertyforrdevopmentpurgosesOnthebatancesheetatDecember311989725310ofthefundbalancewasshownasReselvedforLandHeldforResalewithacorrespondingassetshownasInvestmentinLandHeldforResaleOtherreservatinffundbalanceincuded1724forprepaiditemsand27114frincrnetaxsurchargeattocatlanTbeDecember312000Raservedamountof10000isforPaSnHousethereianolongeranamountreservedforlandheldformsala10TI3esefundsamavaiisbisforanypurposetheDesignatereferenceistothesouceofrevenuesthatvredeleminedbytheViageBoarEasnoftobeusedforoperabgexpenses11OnSeptemberl1992theGlanbrookFireProtectionDlatdctwasmergedintotheGlanvlawFireDepartmentTheFirePmtectfonDistdctcontinuestolevypropertytaxesonthatpartofitstaxbaseoutsidetheVillagelimitsandremitsthosetaxreceiptstotheVillageforsenicesintheunincorporatedamathatnowrepresentsitstaxbase12TeGeneralFundFundBalanceatDcember312000of12189107isequalto437ofthe27870707Budgeted2001GeneralFundexbendtoresexcludingtransfersforcapitalpurposesCOMBINEDSTATEMENTALLFUNDSNote1FundBalances19961999andSummary2000RevenuesExcessRevenuesandFundBalanceAuditedFiscalYearsEndingDecember31FiscalYearEndedDecemlr12000RevenuesExcessInclTransfersRevenuespropertyOverFundGovernmentalFundTypes1996199719981999TaxTotalExpendituresBalanceGeneralFund836654697824561197166213502152582846829958645131295512189197SpecialRevenueFundsIMRF505782952362411872445597772990086157079229524MotorFuelTax7908815748744278142992130115194092287206926CableTV394030000000ReteseandRecycling297717643865902166119294A011473112059391398883911Communications16451021870G271111330485038140067410397895GNASRedeveloprnent2316996318393911269113853040451206213899164612GNASCaretaker0096304316690316602364764807SpecialTaxAliocaiton00001670921789721534773477TotalSpecialRevenue46973310238138102444781147648642639661617680102246124DebtServiceFunds74936934416466238859936519141923548384921112206702431244CapitalProjectFunds629826814802978025911196844102151008292918923263021107673236TotalGovernmentalFunds7931265363252515410817011020423958316880143133661497406124539801ProprietaryFundType31EnterpriseFundsWaterworks411739689130200161519716616628339065854703862916666968Sewerage431162532978395297558838886590874217923833796276WholesaleWater479401212029667834377594000146868125848733552NorthMaineWaterandSewer40109569266559111010905076400311730421839CommuterParkingLot16048597297128026194545021733146050240595TotalEnterpriseFunds1581043917189105188176582136083401422209934528221015552internalServiceFundsMunicipalEquipmentRepair5279965043383541444540102249781144225598Insurance246628430565423407267384708003046874i113749373331TotallntemalServiceFunds249428030615853368913399153404069371i3260539929TotalProprietaryFunds183047192025069022186571253523801829147037788724974481FiduciaryFundTypes6EscrowDeposit700120593124782021537324379149161Deposit229002653629880360800103271032746407PoliceDeparbnentSpecialAccount15393523313824148470108181081825665PolicePension1759708223553282272112462562927004401739352790529157175Fire0ghtersPension3184886434502380378878793674730304508798341958640166889TotalFiduciaryFunds494842395808743165263422625522820914705569930156954597ComponentUnitLibtaryFund81659047197864120018511875071315082835730001843881690683TntalAIIFundsMemoOnly1487606581435692771305335451918221161146770817414518628928146220750262CashandInvestmentsatDecember3119961997199819992000GeneralFund6629833919538684507971035603512206729SpatialRevenueFunds10814761404442198539G18774202160449DebtServiceFunds77083204414215247860536530172427557CapitalProjectFundsCapitalEquipmentReplacernqt59965616153619760556376460468796785GNASProject5272322537011215159051255952935063020910AllOtherCapitalProjects6030685684334884249162600685245522529ProprietaryFunds40538126662930976353195634078943705FiduciaryFunds6527792406285080169765916637553073801575ComponentUnitLibraryFund816740932101093216695419880691559164TotalCashandInvestmentsg138677245136637049126546175186995726218439403164 NotesIThesecondensedfinancialststementsfortheyearsendingDecember3119962000havebeenpmparedfromthefuilComprehensiveAnnualFthanclalReportsoftheViilageofGlanvlawanddonotpurpottobecompletoauditsThefullfinanciblstatsreentstogetherwfihthereportoftheVillagesindependentaccountantsareavailableuponrequestTheaccountingpoliciesoftheVillageconformtogenerallyacceptedaccounilngprinciplesasapplicabletogevemmentalunitsTheaccountsoftheViageamorganedonthehesisoffundsandaccountgroupseachofwhichisconsideredaseparateaccounllngentityThevariousfundsaregroupedintothethreebroadcalagoesofGovernmentalFundsFiduciaryFundsandPropearyFundsVrithintheGovernmentalFundsaretheGeneralFundthegeneraloperationfundwhichisusedtoaccountforailfinanciblresourcesexceptthoserequiredtobeaccountedforinaratherfundSpecialRevenueFundsflichareusedtoaccountfortheproceedsofspecificrevenuesourcesthatarefogbliyrestdctsdtoexpendituresforspecifiedpurposesDebtSen4ceFundsandCapitalProjectFundsAllgovernmentalfundsandexpendabletrustfundsareaccountedforusingacurrentfinanblalresourcesmeasurementfocuswhichhasonlycurtantassetsandcurrentliabilitiesonthebalancesheetandoperabjstatementspessntincreasesanddecreasesinnetcurrentassetsAllpropdataryfundsandpensiontrustfundsareaccountedforonaflowofeconomicresourcesmeasurementfocuswithallassetsandliabilitiesassociatedwiththeoperationofthesefundsincludedonthebalancesheetsandfundequitysegregatedintocontributedcapllaandretainedearningspertthgstatemenblpresentincreasesanddecreasesinnattotaassetsThemodifiedaccrualbastsofaccountingisfollowedforafiGovernmentalFundTypesandExpendableTrustFundsintheFiducaryFundscategoryAllremainingFiduciaryFundsPensionTrustFundsandProprietaryFundsareaccountedforusingtheaccrualbasisofaccountingTheReportofthdependentAuditorsintheVillagesgeneralpurposefinancialstatementsforitsfiscalyearendedDecember31200includedthefollowinglanguagecomparablecleanopinierwereincludedintheVillagesfggE1999auditsshowninthistablenouropinionthegeneralpuosefinancfalsYatementsreferredtoabovepresentfaatynaltmatenalrespectsthefinancapositionoftheVillageofGlanviewIllinoisasofDecember312000andtheresufisofitsoperationsandthecashflowsofitsprophetsryfundtypesfortheyearthenendedinconformkywithgenerallyacceptedaccounllngprinciplesAlsoinouropinionthecombiniegthvidublfundandaccountgroupfinancialstatementsreferredtoabovepmsentfuidyinelimaterialrespectsthefinancialpositionofeachoftheindividualfundsandaccountgroupsoftheVillageofGienviewIllinoisasofDecember312000andtheresultsofoperationsofsuchfundsandthecashflowsofindividualproprietaryfundsfortheyearthenendedandthefinancialpositionoftheGeneralFundasofDecemher31199andtheresuitsfperailnsfortheyearthenendedincofmilywithgenerayaccepfodaccuntgpdncpes2TheGlenvlawNavalAirStationRedevepmontFundwascreatedtoaccountfortheresourcesandexpendituresiecumedinthedevepmentoftheGlanvwNavalAirBaselandwhichwasvacadbytheNavyonSeptember919953TheamountsshownasfundbalancesforthePropdataryFundsareretainedearningsexcludescontdbuladcapitalandtheamountsshownasFIXEDASSETSATDECEMBER312000165 IIIIIIiIIIIIIIIIII