HomeMy Public PortalAboutFY 2019 - Comprehensive Annual Financial Report
VILLAGE OF PLAINFIELD, ILLINOIS
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
For the Year Ended
April 30, 2019
For the Year Ended April 30, 2018
Prepared by the Management Services Department
Traci Pleckham, Director
Colleen Thornton, Accounting Services Supervisor
VILLAGE OF PLAINFIELD, ILLINOIS
TABLE OF CONTENTS
Page(s)
INTRODUCTORY SECTION
Principal Officials ............................................................................................................. i
Organization Chart ............................................................................................................ ii
Certificate of Achievement for Excellence in Financial Reporting .................................. iii
Letter of Transmittal ......................................................................................................... iv-vii
FINANCIAL SECTION
INDEPENDENT AUDITOR’S REPORT........................................................................ 1-3
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS ....................... 4-5
GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS
Management’s Discussion and Analysis ...................................................................... MD&A 1-12
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Position ................................................................................... 6-7
Statement of Activities ....................................................................................... 8-9
Fund Financial Statements
Governmental Funds
Balance Sheet ................................................................................................ 10-11
Reconciliation of Fund Balances of Governmental Funds to
the Governmental Activities in the Statement of Net Position ................... 12
Statement of Revenues, Expenditures, and Changes in Fund Balances ....... 13
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures, and Changes in Fund Balances to the Governmental
Activities in the Statement of Activities ...................................................... 14
VILLAGE OF PLAINFIELD, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS (Continued)
Basic Financial Statements (Continued)
Fund Financial Statements (Continued)
Proprietary Fund
Statement of Net Position .............................................................................. 15-16
Statement of Revenues, Expenses, and Changes in Fund Net Position........ 17
Statement of Cash Flows ............................................................................... 18-19
Fiduciary Funds
Statement of Fiduciary Net Position ............................................................. 20
Statement of Changes in Fiduciary Net Position .......................................... 21
Notes to Financial Statements ............................................................................. 22-60
Required Supplementary Information
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual - General Fund .............................................. 61
Schedule of Employer Contributions
Illinois Municipal Retirement Fund ................................................................... 62
Police Pension Fund ........................................................................................... 63
Schedule of Changes in the Employer’s Net Pension Liability
and Related Ratios
Illinois Municipal Retirement Fund ................................................................... 64
Police Pension Fund ........................................................................................... 65
Schedule of Changes in the Employer’s Total OPEB Liability
and Related Ratios
Other Postemployment Benefit Plan .................................................................. 66
Schedule of Investment Returns
Police Pension Fund ........................................................................................... 67
Notes to Required Supplementary Information .................................................. 68
VILLAGE OF PLAINFIELD, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS
AND SCHEDULES
MAJOR GOVERNMENTAL FUNDS
Schedule of Revenues - Budget and Actual - General Fund .................................. 69-70
Schedule of Expenditures - Budget and Actual - General Fund ............................. 71-72
Schedule of Detailed Expenditures - Budget and Actual - General Fund .............. 73-83
Schedule of Revenues, Expenditures, and Changes
in Fund Balance - Budget and Actual
Capital Projects Fund.......................................................................................... 84
Debt Service Fund .......................................................................................... 85
NONMAJOR GOVERNMENTAL FUNDS
Combining Balance Sheet ................................................................................... 86-87
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances ................................................................................ 88-89
Schedule of Revenues, Expenditures, and Changes
in Fund Balance - Budget and Actual
Liability Insurance Fund ..................................................................................... 90
Audit Fund .......................................................................................................... 91
Alcohol Enforcement Fund ................................................................................ 92
Motor Fuel Tax Fund.......................................................................................... 93
D.A.R.E. Fund .................................................................................................... 94
Downtown TIF Fund .......................................................................................... 95
MAJOR ENTERPRISE FUND
Water and Sewer Department Accounts
Combining Schedule of Net Position ................................................................. 96-97
Combining Schedule of Revenues, Expenses, and
Changes in Net Position ................................................................................... 98
Combining Schedule of Cash Flows .................................................................. 99-100
Schedule of Operating Expenses - Budget and Actual ...................................... 101-103
FIDUCIARY FUND
Schedule of Changes in Fiduciary Net Position -
Budget and Actual - Police Pension Fund ............................................................. 104
VILLAGE OF PLAINFIELD, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
INDEPENDENT ACCOUNTANT’S REPORT ON MANAGEMENT’S
ASSERTION OF COMPLIANCE ................................................................................. 105
STATISTICAL SECTION
Financial Trends
Net Position by Component ......................................................................................... 106-107
Change in Net Position ................................................................................................. 108-111
Fund Balances of Governmental Funds ....................................................................... 112-113
Changes in Fund Balances of Governmental Funds .................................................... 114-115
Revenue Capacity
Assessed Value and Actual Value of Taxable Property .............................................. 116
Property Tax Rates - Direct and Overlapping Governments ....................................... 117
Principal Property Taxpayers ....................................................................................... 118
Property Tax Levies and Collections ........................................................................... 119
Property Tax Assessed Valuations, Rates, and Tax Extensions .................................. 120-121
Sales Tax by Category .................................................................................................. 122
Direct and Overlapping Sales Tax Rates ..................................................................... 123
Debt Capacity
Ratios of Outstanding Debt by Type ............................................................................ 124
Ratios of General Bonded Debt Outstanding ............................................................... 125
Direct and Overlapping Governmental Activities Debt ............................................... 126
Pledged-Revenue Coverage ......................................................................................... 127
Demographic and Economic Information
Demographic and Economic Information .................................................................... 128
Principal Employers ..................................................................................................... 129
Operating Information
Full-Time Equivalent Employees................................................................................. 130
Operating Indicators ..................................................................................................... 131-132
Capital Asset Statistics ................................................................................................. 133
INTRODUCTORY SECTION
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VILLAGE OFFICIALS
PRESIDENT
Michael P. Collins
TRUSTEES
Margie Bonuchi
Cally Larson
Bill Lamb Larry Newton
Edward O’Rourke
Brian Wojowski
Brian P. Murphy
Village Administrator
Allen Persons Public Works Director
Traci Pleckham
Management Services Director
Jon Proulx
Planning Director
John Konopek
Police Chief
Ken Goska
Building Official
Michelle Gibas
Village Clerk
Citizens of the
Village
Mayor and
Board of
Trustees
Village
Administrator
Management
Services
Department
Police
Department
Public Works
Department
Planning
Department
Building
Department
IT Community
Relations
Village Clerk
Village of Plainfield
Organizational Chart
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Profile of the Village of Plainfield
The Village of Plainfield is Will County’s oldest community. Originally settled in 1834, the Village was
incorporated in 1877. The Village was recognized as a home rule community, as defined by the Illinois
Constitution, following a special census in 2005.
The Village operates under the Trustee/Administrator form of government by Village ordinance.
Policymaking and legislative authority are vested with the Village Board which consists of a Village
President and six Trustees elected at large on a nonpartisan basis. The Village President is elected to a
four-year term. The Board members are elected to four-year staggered terms, with three Board
members elected every two years. The Administrator is responsible for the daily affairs of the
organization and for carrying out the policies and ordinances of the Village Board.
The Village is served by approximately 144 FTE employees, providing public/municipal/ enterprise
services, including: police protection, community development, building and zoning services, public
works operations, road & bridge maintenance, potable water distribution services, sanitary sewer
services, and storm water services.
The Village residents are also provided a variety of services, at the local level, by three school districts,
two park districts, four townships, two fire protection districts, and two library districts.
The annual budget serves as the spending authority for the Village. Budgetary control is maintained at
the fund level for all budgeted funds. An annual budget is prepared for the General Fund, Water/Sewer
& Expansion Fund, Capital Fund, and other miscellaneous funds. The budget process begins in the fall
with an update to the Village’s long-term financial forecast and capital project demands. The annual
budget must be adopted by the Village Board before the start of the fiscal year which begins on May 1st.
Economic Condition and Outlook
Local Economy
The Village remained stable in its economic indicators last year, especially in retail sales. Overall, retail
sales improved by 2.0% in comparison to the previous fiscal year. Housing development also remained
steady in 2019. During the fiscal year, 169 single family building permits were issued for new
construction within the Village. During fiscal year 2018, 163 single family building permits were issued
and 134 were issued in 2017. Building permit revenues represented 4.1% of the General Fund revenue
for fiscal year 2019 compared to 3.4% in fiscal year 2018.
The Village’s Fund Balance Policy, which is reviewed on an annual basis, includes the ability to transfer
unassigned General Fund balance in excess of 40% of the total General Fund annual expenditures to the
Village’s Capital Fund. Fiscal year 2019 reflected a $1,009,212 transfer from the Village’s General Fund
to the Capital Fund, resulting in an ending fund balance of just over $17.6 million. This key financial
policy will continue to help the Village position itself for future capital infrastructure needs.
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Debt ratings indicate the confidence of the rating agency in the Village’s continued financial operations
and abilities to meet its ongoing obligations. Standard & Poor’s rating for the Village's debt is AA+. S&P
notes factors such as budgetary flexibility, management, and good financial policies as reasons for the
strong rating.
Moody’s also issued a strong bond rating for the Village’s debt at Aa1. Moody’s states that the bond
rating “reflects the Village’s healthy financial operations and ample reserves supported by strong
management and long-term fiscal planning.”
Economic Development, Infrastructure, & Transportation Highlights
Economic development and infrastructure improvements are key components of the Village’s Strategic
Plan; this year, we made significant progress on several important projects.
• While the Village has worked on the Boulevard project at Route 30 and I-55 for some time,
visible progress is now underway with the developer starting earthwork. The project is off to a
good start and Costco is projected to open in November of next year. Plus, there is interest
from national restaurants, hotels, and other retailers and we expect those to begin moving
forward next year. We worked with the City of Joliet on an intergovernmental agreement that
benefits both municipalities and helps to spur economic development in the area.
• Diageo’s new 1.5 million square foot warehouse facility is under construction and they plan to
move into the building next spring. Diageo is a wonderful corporate citizen and we are fortunate
that they call Plainfield home.
• The first phase of the Village Green project was completed last year and included the lining of
the sanitary sewer main and services. We are currently in the second phase of construction
which includes the installation of new water main, water service replacement, sanitary sewer
main construction, and storm sewer construction. This project is a tremendous investment in
our Downtown.
• Plainfield’s Park-n-Ride has been open for a year now and ridership continues to increase. The
service is popular with those commuting for work as well as students. This facility is a wonderful
asset to the community and helps to further our goal of improving public transportation options
in the community.
Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to the Village of Plainfield for its
Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended April 30, 2018. This was
the fifth year the Village submitted and received this prestigious award. In order to be awarded a
Certificate of Achievement, the Village must publish an easily readable and efficiently organized CAFR.
The report must also satisfy both generally accepted accounting principles and applicable legal
requirements.
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A Certificate of Achievement is valid for a period of only one year. We believe that our current CAFR
continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to
the GFOA to determine its eligibility for another certificate.
This report would not been possible without the dedicated support and involvement of the Village
Department Heads and Staff. The entire Management Services Staff is extended a special appreciation
for all of their assistance in the completion of the annual audit and preparation of this report. We would
also like to thank the Village President and Board of Trustees for their support in maintaining the highest
standards of professionalism in the management of the Village’s finances.
Respectfully submitted,
Brian Murphy Traci Pleckham
Village Administrator Management Services Director
FINANCIAL SECTION
1415 West Diehl Road, Suite 400
Naperville, IL 60563
630.566.8400
INDEPENDENT AUDITOR’S REPORT
The Honorable President
Members of the Board of Trustees
Village of Plainfield, Illinois
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the
business-type activities, each major fund, and the aggregate remaining fund information of the Village
of Plainfield, Illinois (the Village) as of and for the year ended April 30, 2019, and the related notes
to financial statements, which collectively comprise the Village’s basic financial statements as listed
in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of the financial statements that are free from material misstatement, whether due
to fraud or error.
Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the Village’s
preparation and fair presentation of the financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Village’s internal control. Accordingly, we express no such opinion. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluating the overall presentation
of the financial statements.
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We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, each major
fund, and the aggregate remaining fund information of the Village of Plainfield, Illinois, as of April 30,
2019, and the respective changes in financial position and, where applicable, cash flows thereof for
the year then ended in accordance with accounting principles generally accepted in the United States
of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis and the required supplementary information listed in the table
of contents be presented to supplement the basic financial statements. Such information, although not
a part of the basic financial statements, is required by the Governmental Accounting Standards Board,
who considers it to be an essential part of financial reporting for placing the basic financial statements
in an appropriate operational, economic, or historical context. We have applied certain limited
procedures to the required supplementary information in accordance with auditing standards generally
accepted in the United States of America, which consisted of inquiries of management about the
methods of preparing the information and comparing the information for consistency with
management’s responses to our inquiries, the basic financial statements, and other knowledge we
obtained during our audit of the basic financial statements. We do not express an opinion or provide
any assurance on the information because the limited procedures do not provide us with sufficient
evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the Village’s basic financial statements. The introductory section, combining
and individual fund financial statements and schedules, and statistical section are presented for
purposes of additional analysis and are not a required part of the basic financial statements.
The combining and individual fund financial statements and schedules are the responsibility of
management and were derived from and relate directly to the underlying accounting and other records
used to prepare the basic financial statements. The information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and certain additional procedures,
including comparing and reconciling such information directly to the underlying accounting and other
records used to prepare the basic financial statements or to the basic financial statements themselves,
and other additional procedures in accordance with auditing standards generally accepted in the United
States of America. In our opinion, the combining and individual fund financial statements and
schedules are fairly stated in all material respects in relation to the basic financial statements as a
whole.
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The introductory and statistical sections have not been subjected to the auditing procedures applied in
the audit of the basic financial statements and, accordingly, we do not express an opinion or provide
any assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
September 16, 2019, on our consideration of the Village’s internal control over financial reporting and
on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant
agreements and other matters. The purpose of that report is solely to describe the scope of our testing
of internal control over financial reporting and compliance and the results of that testing, and not to
provide an opinion on the effectiveness of the Village’s internal control over financial reporting or on
compliance. That report is an integral part of an audit performed in accordance with Government
Auditing Standards in considering the Village’s internal control over financial reporting and
compliance.
Naperville, Illinois
September 16, 2019
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1415 West Diehl Road, Suite 400
Naperville, IL 60563
630.566.8400
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
The Honorable President
Members of the Board of Trustees
Village of Plainfield, Illinois
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the financial statements of the governmental
activities, the business-type activities, each major fund, and the aggregate remaining fund information
of the Village of Plainfield, Illinois (the Village) as of and for the year ended April 30, 2019, and the
related notes to financial statements, which collectively comprise the Village’s basic financial
statements, and have issued our report thereon dated September 16, 2019.
Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Village’s internal
control over financial reporting (internal control) to determine the audit procedures that are appropriate
in the circumstances for the purpose of expressing our opinions on the financial statements, but not
for the purpose of expressing an opinion on the effectiveness of the Village’s internal control.
Accordingly, we do not express an opinion on the effectiveness of the Village’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent,
or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control, such that there is a reasonable possibility that a
material misstatement of the entity’s financial statements will not be prevented, or detected and
corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies,
in internal control that is less severe than a material weakness, yet important enough to merit attention
by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of
this section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies and, therefore, material weaknesses or significant deficiencies
may exist that were not identified. Given these limitations, during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses may exist that have not been identified.
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Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Village’s financial statements are free
from material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, noncompliance with which could have a direct and
material effect on the determination of financial statement amounts. However, providing an opinion
on compliance with those provisions was not an objective of our audit, and accordingly, we do not
express such an opinion. The results of our tests disclosed no instances of noncompliance or other
matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
entity’s internal control or on compliance. This report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the Village’s internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
Naperville, Illinois
September 16, 2019
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GENERAL PURPOSE EXTERNAL
FINANCIAL STATEMENTS
(See independent auditor's report)
MD&A 1
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS
APRIL 30, 2019
_____________________________________________________________________________________________
The Village of Plainfield’s (the "Village") Management Discussion and Analysis (MD&A) is designed to provide an overview
of the Village’s financial position and activity at and for the year ended April 30, 2019. Since the MD&A is designed to focus
on the Village’s current year activities, changes in the Village’s financial position, and to identify any material deviations
from approved budget and financial plans, the information contained within this MD&A should be considered as a part of a
greater whole. Readers of this report should read and evaluate all sections of this report, including the Notes to the Financial
Statements and the Statistical Section that is provided in addition to the MD&A, in order to form an opinion on the financial
position and activities of the Village.
Financial Highlights
• The Village’s total net position as of April 30, 2019 equaled $319,921,420, a decrease of $1,598,468 or 0.5% over
the April 30, 2018 net position. Governmental Activities recognized a decrease in net position of $4,242,906. The
Business-Type activities recognized an increase of $2,644,438 in net position.
• Total revenues (including transfers) of all governmental activities increased by $2,942,569, or 7.5%. Total expenses
increased by $1,161,467 or 2.6% as compared to fiscal year 2018.
• Total revenues of all business-type activity programs increased by $1,857,590, or 10.3%, while the total expenses
increased by $677,276, or 4.1% as compared to fiscal year 2018.
• Governmental Funds reported combined ending fund balances of $33,938.391, an increase of $3,751,299 over the
prior fiscal year.
o Total fund balance for the General Fund was $11,908,569, an increase of $256,526 over fiscal year 2018.
This represents 48% of General Fund expenditures. $9,955,142 of the General Fund balance is considered
unassigned. This unassigned fund balance represents 40% of General Fund expenditures..
o Total fund balance for the Capital Projects Fund was $17,678,526, an increase of $2,872,984 over fiscal
year 2018. In March of 2014, the Village Board revised its Financial Policies to include the ability to
transfer unassigned General Fund balance in excess of 40% to the Village’s Capital Fund. Consistent with
the Village’s Financial Policies, fiscal year 2019 reflected a $1,009,212 transfer from the Village’s General
Fund to the Capital Fund.
USING THE FINANCIAL SECTION OF THIS ANNUAL REPORT
The Financial Statements' focus is on both the Village as a whole (government-wide) and on the major individual funds. Both
perspectives (government-wide and major fund) allow the user to address relevant questions, broaden a basis for comparison
(year to year or government to government), and enhance the Village's accountability. The Village’s basic financial statements
are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to
the financial statements. This report contains other supplementary information in addition to the basic financial statements.
Government-Wide Financial Statements
The Government-Wide Financial Statements are designed to emulate the corporate sector in that all governmental and
business-type activities are consolidated into columns that add to a total for the Primary Government.
The Statement of Net Position presents information on all of the Village’s assets, deferred outflows of resources, liabilities,
and deferred inflows of resources with the difference between total assets and deferred outflows of resources and total
liabilities and deferred inflows of resources reported as the net position. The "Unrestricted Net Position" is designed to be
similar to bottom line results for the Village’s governmental and business-type activities. This statement combines and
consolidates governmental funds' current financial resources (short-term spendable resources) with capital assets and long-
term obligations using the accrual basis of accounting and economic resources measurement focus. Over time, increases or
decreases in net position may serve as a useful indicator of whether or not the financial position of the Village is improving.
The Statement of Activities presents information showing how the Village’s net position changed during the most recent fiscal
year. This is intended to summarize and simplify the user's analysis of the cost of various government services and/or subsidy
to various business-type activities.
The Governmental Activities reflect the Village's basic services, including police, highways and streets, planning, building,
and administration. Property taxes, sales taxes, local utility taxes, and shared State income taxes finance the majority of these
activities. The Business-Type Activities reflect private sector-type operations (Water and Sewer Fund), where the fee for
service typically covers all or most of the cost of operation, including depreciation.
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 2
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific
activities or objectives. The Fund Financial Statements allow the demonstration of sources and uses of funds and/or the
related budgeting compliance. Traditional users of governmental financial statements will find the Fund Financial Statements
presentation more familiar. The focus is on major funds, rather than fund types. All of the funds of the Village can be divided
into three categories: governmental funds, proprietary funds, and fiduciary funds.
Governmental Funds
Governmental funds (see pages 10-14) are used to account for essentially the same functions reported as governmental
activities in the government-wide financial statements. However, governmental fund financial statements focus on near-term
inflows and outflows of resources available for spending, as well as on balances of resources available for spending at the
end of the fiscal year. Such information may be useful in evaluating the Village’s near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to
compare the information presented for governmental funds with similar information presented for governmental activities in
the government-wide financial statements. By doing so, readers may better understand the long-term impact of the
government’s near-term financing decisions. The governmental fund’s Balance Sheet and Statement of Revenues,
Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental
funds and governmental activities.
The Village maintains 10 individual governmental funds. Information is presented separately in the Governmental Fund
Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the
General Fund, the Capital Projects Fund, and the Debt Service Fund which are considered to be major funds. Data from the
other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-
major governmental funds is provided in the form of combining statements elsewhere in this report.
Proprietary Funds
Proprietary fund financial statements (see pages 15-19) provide the same type of information as the government-wide
financial statements, only in more detail. Proprietary funds account for services that are generally fully supported by user
fees charged to customers. The Water and Sewer Fund is considered a major fund of the Village and is presented in a separate
column in the Fund Financial Statements. A more detailed analysis of Water and Sewer Fund activities can be found on
pages 96-103 of this report.
Fiduciary Funds
Fiduciary funds are used to account for resources held for the benefit of parties outside Village government (Police Pension
Fund, see pages 20-21). While these funds represent trust responsibilities of the government, these assets are restricted in
purpose and do not represent discretionary assets of the government. Therefore, these assets are not presented as part of the
Government-Wide Statements.
Notes to the Financial Statements
The notes provide additional information that is essential to obtaining a full understanding of the data provided in the
government-wide and fund financial statements. Notes to the Financial Statements can be found on pages 22-60 of this
report.
Other Information
Required Supplementary Information
In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary
information including the general fund budgetary schedules and data concerning the Village’s progress in funding its
obligation to provide pension and other postemployment benefits to its employees. Required supplementary information can
be found on pages 61-68 of this report.
Other Supplementary Information
In addition to the basic financial statements and accompanying notes, this report also presents combining and individual fund
financial statements and schedules for each of the Village’s funds, as well as supplemental schedules and historical statistical
data, which are presented on pages 69-133 of this report.
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 3
GOVERNMENT-WIDE STATEMENT
Statement of Net Position
Net position may serve over time as a useful indicator of a government's financial position. For the Village of Plainfield,
assets exceeded liabilities by $319,921,419 as of April 30, 2019 and $321,519,888 for April 30, 2018. In comparison, this
amount reflects a decrease of $1,598,469 in total net position. For more detailed information see the Statement of Net Position
(pages 6-7). The following table reflects the condensed Statement of Net Position:
The largest portion of the Village’s total net position (89%) reflects its investment in capital assets (land and improvements,
building, machinery, vehicles, equipment and infrastructure), less any related debt still outstanding. Although the Village’s
investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt
must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
A small portion of the Village’s total net position (2%) represents resources that are subject to restrictions on how they may
be used. The remaining balance of unrestricted net position of $28,572,905 may be used to meet the Village’s ongoing
obligations. Of this amount, $12,807,949 represents the governmental activities portion and $15,764,956 is available for the
Village’s business-type activities (water and sewer operations).
2019 2018 2019 2018 2019 2018
Assets
Current Assets 45,039,697$ 40,857,281$ 20,864,411$ 18,910,656$ 65,904,108$ 59,767,937$
Capital Assets 215,957,855$ 225,823,680$ 101,897,685$ 103,209,957$ 317,855,540$ 329,033,637$
Total Assets 260,997,552$ 266,680,961$ 122,762,096$ 122,120,613$ 383,759,648$ 388,801,574$
Deferred Outflows of Resources
IMRF 2,038,616$ 280,452$ 418,862$ 58,756$ 2,457,478$ 339,208$
OPEB 576,417$ 397,529$ 19,912$ 15,887$ 596,329$ 413,416$
Police Pension 3,349,826$ 2,600,361$ -$ -$ 3,349,826$ 2,600,361$
Unamortized loss on refundings 1,507,516$ 1,692,638$ 2,077,480$ 2,238,434$ 3,584,996$ 3,931,072$
Total Assets and Deferred
Outflows of Resources 268,469,927$ 271,651,941$ 125,278,350$ 124,433,690$ 393,748,277$ 396,085,631$
Liabilities
Current Liabilities 3,839,651$ 3,720,777$ 2,800,176$ 2,358,736$ 6,639,827$ 6,079,513$
Long-Term Liabilities 33,666,164$ 36,149,650$ 19,285,726$ 21,367,764$ 52,951,890$ 57,517,414$
Total Liabilities 37,505,815$ 39,870,427$ 22,085,902$ 23,726,500$ 59,591,717$ 63,596,927$
Deferred Inflows of Resources
IMRF 417,941$ 1,216,502$ 85,156$ 248,717$ 503,097$ 1,465,219$
OPEB 578,073$ 390,062$ 19,971$ 15,589$ 598,044$ 405,651$
Police Pension 5,658,126$ 1,904,728$ -$ -$ 5,658,126$ 1,904,728$
Deferred property tax 7,475,874$ 7,193,218$ -$ -$ 7,475,874$ 7,193,218$
Total Liabilities and Deferred
Inflows of Resources 51,635,829$ 50,574,937$ 22,191,029$ 23,990,806$ 73,826,858$ 74,565,743$
Net Position:
Net Investmant in Capital Assets 199,080,764$ 206,531,017$ 85,596,840$ 84,489,070$ 284,677,604$ 291,020,087$
Restricted 4,945,385$ 4,361,935$ 1,725,525$ 2,248,925$ 6,670,910$ 6,610,860$
Unrestricted 12,807,949$ 10,184,052$ 15,764,956$ 13,704,889$ 28,572,905$ 23,888,941$
Total Net Position 216,834,098$ 221,077,004$ 103,087,321$ 100,442,884$ 319,921,419$ 321,519,888$
Governmental Activities Business-Type Activities Total Primary Government
Table 1: Statement of Net Position as of April 30, 2019 and April 30, 2018
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 4
Current Year Impacts
The Village of Plainfield’s April 30, 2019 General Fund reflects a positive fund balance of $11,908,569, reflecting an increase
of fund balance of $256,526 from the 2018 fiscal year. The 2019 total combined General Fund balance represents 48% of
General Fund expenditures. Total General Fund unassigned fund balance represents 40% of General Fund expenditures or
$9,955,142. The Village’s Capital Projects fund balance improved its fund balance by $2,872,984 resulting in a fund balance
of $17,678,526 as of April 30, 2019. The Village’s overall combined fund balance is $33,938,391, an increase of $3,751,299
from fiscal year 2018.
Changes in Net Position
The following table provides detail of the change in the Village’s net position during the year ended April 30, 2019 compared
to the year ended April 30, 2018. 2019 Governmental activities decreased the Village’s net position by $4,242,906 and
business-type activities increased the Village’s net position by $2,644,438.
Depreciation was a primary factor of the decrease in net position for the governmental activities. Highway and Streets
expenses of $26,894,226 include depreciation expenses of $14,066,332.
2019 2018 2019 2018 2019 2018
Revenues
Program Revenues
Charges for Services 8,299,691$ 8,045,799$ 16,819,225$ 16,004,417$ 25,118,916$ 24,050,216$
Operating Grants & Contributions 1,401,888$ 1,213,779$ -$ -$ 1,401,888$ 1,213,779$
Capital Grants & Contributions 3,881,551$ 3,173,077$ 97,847$ 270,424$ 3,979,398$ 3,443,501$
General Revenues
Property Taxes 7,358,761$ 7,096,972$ -$ -$ 7,358,761$ 7,096,972$
Other Taxes 19,217,010$ 17,859,862$ 1,862,431$ 1,808,980$ 21,079,441$ 19,668,842$
Other 1,001,952$ 826,295$ 2,073,928$ 914,520$ 3,075,880$ 1,740,815$
Total Revenues 41,160,853$ 38,215,784$ 20,853,431$ 18,998,341$ 62,014,284$ 57,214,125$
Expenses
General Government 4,485,123$ 5,661,695$ -$ -$ 4,485,123$ 5,661,695$
Public Safety 14,321,219$ 13,601,471$ -$ -$ 14,321,219$ 13,601,471$
Highways and Streets 26,894,226$ 25,231,666$ -$ -$ 26,894,226$ 25,231,666$
Interest 679,991$ 724,260$ -$ -$ 679,991$ 724,260$
Water and Sewer -$ -$ 17,232,193$ 16,554,917$ 17,232,193$ 16,554,917$
Total Expenses 46,380,559$ 45,219,092$ 17,232,193$ 16,554,917$ 63,612,752$ 61,774,009$
(5,219,706)$ (7,003,308)$ 3,621,238$ 2,443,424$ (1,598,468)$ (4,559,884)$
Transfers 976,800$ 979,300$ (976,800)$ (979,300)$ -$ -$
Change in Net Position (4,242,906)$ (6,024,008)$ 2,644,438$ 1,464,124$ (1,598,468)$ (4,559,884)$
Net Position May 1 221,077,004$ 228,129,919$ 100,442,884$ 99,030,478$ 321,519,888$ 327,160,397$
Change in accounting principle -$ (1,028,907)$ -$ (51,718)$ -$ (1,080,625)$
Net Position May 1, RESTATED -$ 227,101,012$ -$ 98,978,760$ -$ 326,079,772$
Ending Net Position 216,834,098$ 221,077,004$ 103,087,322$ 100,442,884$ 319,921,420$ 321,519,888$
Table 2: Changes in Net Position for the Fiscal Years Ended April 30, 2019 and April 30, 2018
Governmental Activities Business-Type Activities Total Primary Government
Change in Net Position before
Transfers
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 5
Normal Impacts – There are eight basic impacts on revenues and expenses as reflected below:
Revenues:
Economic Condition - can reflect a declining, stable, or growing economic environment and can have an impact on
state income, sales, and utility tax revenue as well as public spending habits for consumers and builders/developers.
Increase/Decrease in Village-Approved Rates - while certain tax rates are set by statute, the Village Board has
authority to impose and increase/decrease rates (water, sewer, impact fees, connection fees, building permit fees, home
rule sales tax, utility tax etc.)
Changing Patterns in Intergovernmental and Grant Revenue (both recurring and nonrecurring) – certain
recurring revenues (State-shared revenues: sales, income, use etc.) may experience changes periodically, while
nonrecurring (or one-time) grants are less predictable and often distort their impact on year-to-year comparisons.
Market Impacts on Investment Income - the Village's investment portfolio is managed using a similar average
maturity to most governments. Market conditions may cause investment income to fluctuate.
Expenses:
Introduction/Modifications of New/Existing Programs - within the functional expense categories (General
Government, Public Safety, and Highways and Streets, etc.), individual programs may be added, modified or deleted
to meet changing community needs.
Changes in Authorized Personnel - changes in service demands may cause the Village Board to increase/decrease
authorized staffing. Staffing costs (salary and related benefits) represent 62.4% of the Village's General Fund and
13.9% of the Water and Sewer Fund operating costs.
Changes in Salary and/or benefits (annual adjustments and merit) - the ability to attract and retain human and
intellectual resources requires the Village to strive to position themselves with competitive salary and benefits in the
marketplace. In addition, reductions or freezes in salary and changes to benefits can also impact overall expenses.
Inflation - while overall inflation appears to be reasonably modest, the Village is a major consumer of certain
commodities such as supplies, fuels, and parts, particularly in years of significant construction activity. Some functions
may experience unusual commodity-specific increases.
Current Year Impacts – Governmental Activities Revenues
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 6
For the fiscal year ended April 30, 2019, revenues from Governmental Activities totaled $42,137,653, an increase of
$2,942,569, or 7.5% from fiscal year 2018. The increase is primarily driven from an additional $708,474 in capital grants
and contributions and an additional $1,792,094 in general revenues (property, sales, income tax). Sales and Use Tax were
the Village's largest revenue source at $10,704,150, representing 25.40% of the total Governmental Activity revenue.
Charges for Services were the Village's second largest revenue source at $8,299,691, representing 19.70%. The primary
Charges for Services revenues include refuse fees ($4,376,180), building permit revenues ($1,087,619), and franchise fees
($658,354). Property and Replacement Taxes represent $7,358,761 or 17.46% of the total Governmental Activity revenue.
Development activity has remained steady in 2019. During the fiscal year, 169 single family building permits were issued
for new construction within the Village. During fiscal year 2018, 163 single family building permits were issued and 134
in 2017.
The Village’s property tax revenues increased to $7,358,761 in fiscal year 2019 from $7,096,972 in fiscal year 2018. The
Equalized Assessed Valuation (EAV) of the Village increased to $1,331,313,906 in calendar year 2017 from $1,282,556,687
in calendar year 2016, representing $48,757,219 or 3.8%.
The Village’s state-shared revenues of sales, income, and use tax increased this fiscal year by $542,921. Details of the
Village’s portion of State-Shared Taxes are as follows:
State-Shared Tax
Fiscal Year
2018
Fiscal Year
2019
Increase /
(Decrease)
Sales Tax 5,642,698 5,754,207 111,509
State Income Tax 3,589,279 3,842,879 253,600
Use Tax 1,046,709 1,224,521 177,812
Total 10,278,686 10,821,607 542,921
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 7
Current Year Impacts – Governmental Activities Expenses
For the fiscal year ended April 30, 2019, expenses from Governmental Activities totaled $46,380,559, an increase of
$1,161,467 over fiscal year 2018. In comparison, expenses from Governmental Activities in fiscal year 2018 increased by
$2,020,944. In fiscal year 2017, expenses increased by $389,237.
For the fiscal year ended April 30, 2019, Highways and Streets represented 57.99% of expenditures or $26,894,226. Included
in this figure is depreciation expense of $14,066,332. Some of the Village’s capital expenditures include $3,876,751 for
roadway improvements, $520,401 for machinery and equipment for the Police and Public Works Departments, and $194,312
for tree removal due to the emerald ash borer. Fiscal year 2019 also included capital expenses of $3,771,845 relating to the
PACE park and ride parking lot/facility project, whereby PACE is providing the funding for the engineering and construction
costs.
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 8
Current Year Impacts – Business Type Activities Revenues
The Village’s business-type activities are those that the Village charges a fee to customers to help cover all or most of the
cost of the services it provides. The Village’s net position for its business-type activities increased in the amount of
$2,644,438 to $103,087,322 (see Table 2 – MD&A page 4).
Total revenue for the Village’s business-type activities increased by $1,855,090; to $20,853,431 in fiscal year 2019 from
$18,998,341 in fiscal year 2018. Charges for Services revenues for fiscal year end 2019 totaled $16,819,225, an increase of
$814,808. The Village has contracted with Illinois American Water to supply drinking water from the City of Chicago to the
Village via Illinois American’s pipeline.
Current Year Impacts – Business Type Activities Expenses
Operating expenses from all Business-Type Activities increased by $677,276 or 4.1%. Lake Michigan water purchase
accounted for $178,329 in additional expenses. Depreciation expenses for the water and sewer system remained relatively
flat, increasing by $34,503 to $3,198,921 for fiscal year 2019.
FINANCIAL ANALYSIS OF THE VILLAGE’S FUNDS
Governmental Funds
The focus of the Village’s governmental funds is to provide information on near-term inflows, outflows and balances of
spendable resources. Such information is useful in assessing the Village’s financing requirements. In particular, unassigned
fund balance may serve as the useful measure of a government’s net resources available for spending at the end of the fiscal
year. At April 30, 2019 the Governmental Funds (as presented on page 11) reported a combined fund balance of $33,938,391
which is an increase from the beginning of the year balance of $30,187,092. Of the $3,751,299 overall fund balance increase,
the Village’s Capital Fund increased its fund balance by $2,872,984 and General Fund increased its fund balance by $256,526.
Of the $33,938,391 total fund balance, $9,955,142 is unassigned within the Village’s General Fund, indicating availability of
use for continuing Village services. Non-spendable, restricted or assigned fund balance of $23,983,249 includes $17,678,526
for capital projects, $3,474,726 for street maintenance, $1,341,972 for healthcare, $519,414 for public safety, and smaller
statutory restrictions or assignments for economic development, audit, liability insurance, retirement obligations, and debt
service.
The General Fund is the Village’s primary operating fund and the largest source of day-to-day service delivery. Total General
Fund balance increased by $256,526 in fiscal year 2019. General Fund actual revenues were $1,348,764 more than budgeted.
This amount is primarily related to higher actual state sales, income and use tax revenues ($671,607) then what was budgeted
as well as investment income ($191,584). Total General Fund revenues increased by $1,218,805 in fiscal year 2019. General
Fund expenditures increased by $971,279 from the prior year.
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 9
GENERAL FUND BUDGETARY HIGHLIGHTS
Other financing sources include a $1,009,212 transfer to the Capital Fund per the Village’s Financial Policies. In March of
2014, the Village Board revised its Financial Policies to include the ability to transfer unassigned General Fund balance in
excess of 40% to the Village’s Capital Fund.
The Capital Projects Fund is used to account for the acquisition or construction of major capital assets (other than those
financed by proprietary funds). The Capital Projects Fund expended approximately $9 million in capital projects in fiscal
year 2019 and increased its fund balance by $2,872,984 resulting in an ending fund balance of $17,678,526. The $2,872,984
increase consisted of a $1,009,212 General Fund transfer based on the Village’s Fund balance policy, and actual capital
expenditures lower than budgeted This fund balance will be utilized for future capital projects.
Proprietary Funds
At April 30, 2019 the Proprietary Funds total net position increased by $2,644,438. This increase is related to an increase in
Charges for Services revenue due to increased water demand and additional water and sewer connection fees. Capital grants
and contributions consisted of $97,847 in fiscal year 2019. In fiscal year 2018, capital contributions totaled $270,424, with
no capital contributions. There were no contributions of infrastructure in fiscal years 2014-2017. Infrastructure contributions
totaled $2,145,000 in fiscal year 2013, compared to $90,791 and $372,147 in fiscal years 2012 and 2011 respectively.
The Village’s Water and Sewer Accounts recorded an operating income of $278,351 in fiscal year 2019 (page 98). Fiscal
year 2018 reported an operating income of $225,250.
CAPITAL ASSETS
The Village’s investment in capital assets for its Governmental and Business-Type Activities as of April 30, 2019, amounts
to $317,855,540. The investment in capital assets includes land, buildings, equipment, improvements other than buildings,
underground sewer and water systems, infrastructure, and construction in progress. This amount represents a net decrease
(including additions and deductions) of $11,178,097. The Governmental Activities net capital assets decreased by
$9,865,825. The Business-Type Activities net capital assets decreased by $1,312,272. Detailed information regarding the
change in capital assets is included in Note 4 to the Financial Statements.
Original
Budget Final Budget Actual
Revenues 25,129,830$ 25,129,830$ 26,478,594$
Expenditures 25,006,830$ 25,006,830$ 24,887,856$
Excess of Revenues over
Expenditures 123,000$ 123,000$ 1,590,738$
Other Financing Sources
(Uses)(123,000)$ (123,000)$ (1,334,212)$
Net Changes in Fund Balance -$ -$ 256,526$
Table 3: General Fund Budgetary Highlights
2019 2018 2019 2018 2019 2018
Land and Right of Way 99,620,465$ 99,620,465$ 3,043,544$ 3,043,544$ 102,664,009$ 102,664,009$
Buildings 20,432,798$ 21,191,919$ 11,346,996$ 11,695,958$ 31,779,794$ 32,887,877$
Machinery and Equipment 1,638,981$ 1,525,863$ 486,571$ 487,748$ 2,125,552$ 2,013,611$
Water & Sewer System -$ -$ 86,304,434$ 87,627,299$ 86,304,434$ 87,627,299$
Infrastructure 82,500,169$ 96,085,295$ -$ -$ 82,500,169$ 96,085,295$
Construction in progress 11,765,442$ 7,400,138$ 716,140$ 355,408$ 12,481,582$ 7,755,546$
Total Capital Assets 215,957,855$ 225,823,680$ 101,897,685$ 103,209,957$ 317,855,540$ 329,033,637$
Governmental Activities Business-Type Activities Total Primary Government
Table 4: Total Capital Assets (Net of Depreciation)
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 10
DEBT OUTSTANDING
As of April 30, 2019, the Village has five general obligation bond series, one Illinois EPA low interest loan, and two revenue
bond series outstanding. At April 30, 2019, $19.3 million in general obligation bonds, $2.2 million in Illinois EPA loans,
and $13.5 million in revenue bonds are outstanding. By continuing to monitor bond market conditions, the Village has been
able to achieve cost savings of over $3.6 million between 2009-2014 through refunding/refinancing existing debt. Maturity
dates and par amounts continue to remain the same on these refunding issues.
State statutes that limit the amount of general obligation debt a government entity has outstanding does not apply to home
rule municipalities. The Village of Plainfield was certified a home rule unit in fiscal year 2006.
Debt ratings indicate the confidence of the rating agency in the Village’s continued financial operations and abilities to meet
its ongoing obligations. In December of 2013, the Village refunded the Series 2004 bonds for net present value cash flow
savings of approximately $754,000. Upon their review of the refunding, S&P upgraded the Village's AA debt rating to AA+.
S&P noted very strong budgetary flexibility and performance, strong management with good financial policies and practices
as key factors of the upgrade. S & P also noted, "The stable outlook reflects our view of the Village's strong economy and
our anticipation that the Village will maintain very strong budgetary flexibility and liquidity."
In July of 2015, Moody’s, as part of their annual review process, noticed positive trends in the Village’s finances. Upon
completion of their analysis, Moody’s upgraded the Village’s rating from Aa2 to Aa1. In summary, Moody states that the
rating, “reflects the Village’s healthy financial operations and ample reserves supported by strong management and long term
fiscal planning”. In Moody’s 2019 annual review, they continue to highlight the Village’s solid financial position, healthy
economy, manageable debt burden and good credit position.
The following charts depict a comparison of the debt ratings used and issued by Moody’s and Standard and Poor’s (S&P) for
both the Village’s General Obligation and Water and Sewer Revenue Bonds:
Additional information of the Village’s long-term debt can be found in Note 6 to the Financial Statements.
Moody's S&P
Aaa AAA
Aa1 AA+***
Aa2 *AA
Aa3 **AA-
A1 A+
A2 A
A3 A-
Baa1 BBB+
Baa2 BBB
Baa3 BBB-
*Water & Sewer 1st lien revenue bond
**Water & Sewer 2nd lien revenue bond
*** S&P rated all of the Village's debt the same
Comparison of Ratings Used by Moody's
and Standard and Poor's (S&P)
Village of Plainfield's Debt Rating is Highlighted.
The Village holds both General Obligation Bonds and Water &
Sewer System Revenue Bonds
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 11
ECONOMIC FACTORS
According to the Metropolitan Mayors Caucus, “Plainfield is an upscale southwest suburban community that has reached a
key transition point in its history. Formerly a small farming community as late as 1990, it has seen its population skyrocket
from about 4,500 in 1990 to 39,581 in 2010 as numerous family farms were converted into large housing subdivisions. Thanks
to careful planning, the Village’s infrastructure has, to a large degree, been able to keep up with the growth.”
Although currently growing at a slower pace, the population of the Village of Plainfield has increased rapidly over the past
20 years bringing an influx of new residents and consumers to the Village.
The challenge now before the Village, given the current economic situation, is to be able to position itself to provide a
sustainable community that promotes a quality of life that attracts residents, commercial developments and visitors alike.
Based on information from the Illinois Department of Employment Security, the 2018 average unemployment for the Village
of Plainfield was 3.1%, which favorably compares to Will County’s rate of 4.0%, the State of Illinois rate of 4.3% and the
national average of 3.9%. As of July 2019, the average unemployment for the Village was 3.6%, which still favorably
compares to Will County’s rate of 4.2% and the State of Illinois rate of 4.2%. The national average unemployment rate for
July 2019 was 4.0%.
Information from the US Census Bureau via the 2000 Census and the 2013-2017 American Community Survey lists the
following comparable data for the Village of Plainfield, Will County, Illinois and the United States:
Plainfield Will County Illinois USA
2000 2013-2017 2000 2013-2017 2000 2013-2017 2000 2013-2017
Median value
of owner-
occupied
housing units
$198,300 $296,800 $154,300 $216,400 $130,800 $179,700 $119,600 $193,500
Plainfield Will County Illinois USA
2000 2013-2017 2000 2013-2017 2000 2013-2017 2000 2013-2017
Median
household
income
$80,799 $121,746 $62,238 $80,782 $46,590 $61,229 $41,994 $57,652
Per the data above, the median value of owner-occupied housing units increased an estimated 50% for the Village within
approximately the past 17 years. In addition, the median household income increased by 51% during the same timeframe.
Data Sources:
• 1990 - U.S. Census
• 2000 - U.S. Census
• 2003 - Village of Plainfield Special Census
• 2005 - Village of Plainfield Special Census
• 2007 - Village of Plainfield Special Census
• 2010 - U.S. Census
• 2018 – ESTIMATE - U.S. Census
VILLAGE OF PLAINFIELD, ILLINOIS
MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)
______________________________________________________________________________
(See independent auditor's report)
MD&A 12
Consistent with past budgets, the Village’s 2020 fiscal year budget was developed in a prudent and conservative manner.
Continued cost containments across all departments enabled the Village to approve a balanced 2020 budget, with the main
principle of providing quality services in an efficient and cost-effective manner, while keeping the Village’s property tax rate
stable. The budget for fiscal year beginning May 1, 2019 totals $61,389,783, a 1.5% decrease from the previous year. The
General Fund operating budget totals $26,646,976 resulting in a 5.5% increase over the previous year. The 2020 operating
budget anticipates a stable housing market and continues to be conservative in revenue projections, reflecting level state
shared revenues and property taxes. The 2020 Capital Fund budget includes over $8.8 million in projects, including $6
million for roadway improvements and maintenance programs. The Village’s Motor Fuel Tax Fund includes an additional
$1 million for the Village’s roadway maintenance program.
State revenues combined (sales, income and use tax) continue to represent the largest portion of the General Fund revenues
at 40%. Sales tax revenue improved by 2.0% in fiscal year 2019 as compared to fiscal year 2018. Sales tax for the 2020 fiscal
year budget reflects a 2.5% increase as compared to the fiscal year 2019 actual amount. Given the continued uncertainties of
the State of Illinois, the Village continues to remain cautious regarding budgeting for income and use tax revenues and will
continue to be monitored closely in the 2020 fiscal year and forward.
Property tax revenues represent approximately 23% of the overall General Fund revenues. Consistent with Village Board
direction, the Village’s tax levy rate has remained unchanged for the past six years. For the 2018 levy year, the Village of
Plainfield’s property tax rate represents 5.39% of a resident’s overall tax bill. Or, for every dollar paid in property taxes by
Village residents, 5.39 cents is paid to the Village of Plainfield. The Village's composition is approximately 87% residential
with smaller commercial and industrial components. As economic development growth and sustainability is a key component
of the Village’s Strategic Plan, the Village will continue to explore economic development opportunities to better assist in
diversifying the Village’s tax base.
CONTACTING THE VILLAGE'S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, customers, investors, and creditors with a general overview of the
Village's finances and to demonstrate the Village's accountability for the money it receives. Questions concerning this report
or requests for additional financial information should be directed to Traci Pleckham, Director of Management Services,
Village of Plainfield, 24401 West Lockport Street, Plainfield, Illinois 60544.
Governmental Business-Type
Activities Activities Total
ASSETS
Cash and investments 31,096,663$ 17,988,062$ 49,084,725$
Receivables (net, where applicable, of
allowances for uncollectibles)
Property taxes 7,475,874 - 7,475,874
Sales tax 2,505,563 423,226 2,928,789
Utility/telecommunications taxes 332,402 - 332,402
Allotments 87,611 - 87,611
Grants 556,451 - 556,451
Interest 50,839 37,673 88,512
Other 1,578,920 2,171,179 3,750,099
Prepaid expenses 14,236 - 14,236
Deposits 1,341,138 239,399 1,580,537
Other - 4,872 4,872
Capital assets
Nondepreciable 111,385,907 3,759,684 115,145,591
Depreciable, net of accumulated depreciation 104,571,948 98,138,001 202,709,949
Total assets 260,997,552 122,762,096 383,759,648
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources - IMRF 2,038,616 418,862 2,457,478
Deferred outflows of resources - OPEB 576,417 19,912 596,329
Deferred outflows of resources - Police Pension 3,349,826 - 3,349,826
Unamortized loss on refundings 1,507,516 2,077,480 3,584,996
Total deferred outflows of resources 7,472,375 2,516,254 9,988,629
Total assets and deferred outflows of resources 268,469,927 125,278,350 393,748,277
Primary Government
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF NET POSITION
April 30, 2019
(This statement is continued on the following page.)
- 6 -
Governmental Business-Type
Activities Activities Total
LIABILITIES
Accounts payable 2,471,805$ 2,427,367$ 4,899,172$
Accrued payroll 519,745 55,877 575,622
Deposits payable 104,718 22,762 127,480
Accrued interest payable 214,219 294,169 508,388
Other accrued liabilities 76,197 - 76,197
Unearned revenue 452,967 - 452,967
Noncurrent liabilities
Due within one year 3,461,703 2,627,562 6,089,265
Due in more than one year 30,204,461 16,658,164 46,862,625
Total liabilities 37,505,815 22,085,901 59,591,716
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources - IMRF 417,941 85,156 503,097
Deferred inflows of resources - OPEB 578,073 19,971 598,044
Deferred inflows of resources - Police Pension 5,658,126 - 5,658,126
Deferred property tax 7,475,874 - 7,475,874
Total deferred inflows of resources 14,130,014 105,127 14,235,141
Total liabilities and deferred inflows
of resources 51,635,829 22,191,028 73,826,857
NET POSITION
Net investment in capital assets 199,080,764 85,596,840 284,677,604
Restricted for
Street maintenance 3,474,726 - 3,474,726
Public safety 519,414 - 519,414
Debt service - 1,725,525 1,725,525
Audit 22,593 - 22,593
Liability insurance 442,523 - 442,523
Retirement obligations 131,092 - 131,092
Economic development 355,037 - 355,037
Unrestricted 12,807,949 15,764,957 28,572,906
TOTAL NET POSITION 216,834,098$ 103,087,322$ 319,921,420$
April 30, 2019
Primary Government
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF NET POSITION (Continued)
See accompanying notes to financial statements.
- 7 -
Operating Capital
Charges Grants and Grants and
FUNCTIONS/PROGRAMS Expenses for Services Contributions Contributions
PRIMARY GOVERNMENT
Governmental Activities
General government 4,485,123$ 6,597,384$ 17,083$ -$
Public safety 14,321,219 1,642,372 281,454 -
Highways and streets 26,894,226 59,935 1,103,351 3,881,551
Interest 679,991 - - -
Total governmental activities 46,380,559 8,299,691 1,401,888 3,881,551
Business-Type Activities
Water and sewer 17,232,193 16,819,225 - 97,847
Total business-type activities 17,232,193 16,819,225 - 97,847
TOTAL PRIMARY GOVERNMENT 63,612,752$ 25,118,916$ 1,401,888$ 3,979,398$
Program Revenues
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF ACTIVITIES
April 30, 2019
- 8 -
Governmental Business-Type
Activities Activities Total
2,129,344$ -$ 2,129,344$
(12,397,393) - (12,397,393)
(21,849,389) - (21,849,389)
(679,991) - (679,991)
(32,797,429) - (32,797,429)
- (315,121) (315,121)
- (315,121) (315,121)
(32,797,429) (315,121) (33,112,550)
General Revenues
Taxes
Property and replacement 7,358,761 - 7,358,761
Home rule sales 3,725,422 1,862,431 5,587,853
Utility/telecommunications 2,995,191 - 2,995,191
Local motor fuel 1,674,790 - 1,674,790
Other 8,265 - 8,265
Intergovernmental revenue - unrestricted
Sales and use tax 6,978,728 - 6,978,728
Income tax 3,842,879 - 3,842,879
Investment income 672,108 375,621 1,047,729
Miscellaneous 321,579 1,698,307 2,019,886
Transfers 976,800 (976,800) -
Total 28,554,523 2,959,559 31,514,082
CHANGE IN NET POSITION (4,242,906) 2,644,438 (1,598,468)
NET POSITION, MAY 1 221,077,004 100,442,884 321,519,888
NET POSITION, APRIL 30 216,834,098$ 103,087,322$ 319,921,420$
Primary Government
Net (Expense) Revenue and Change in Net Position
See accompanying notes to financial statements.
- 9 -
Nonmajor Total
Capital Debt Governmental Governmental
General Projects Service Funds Funds
ASSETS
Cash and investments 9,788,772$ 16,976,266$ 3,130$ 4,328,495$ 31,096,663$
Receivables (net, where applicable,
of allowances for uncollectibles)
Property taxes 6,198,929 - 113,014 1,163,931 7,475,874
Sales tax 1,658,985 846,578 - - 2,505,563
Utility tax - 332,402 - - 332,402
Allotments - - - 87,611 87,611
Grants 12,920 543,531 - - 556,451
Interest 50,839 - - - 50,839
Other 751,989 825,206 - 1,725 1,578,920
Prepaid items 14,236 - - - 14,236
Deposits 1,341,138 - - - 1,341,138
Total assets 19,817,808 19,523,983 116,144 5,581,762 45,039,697
DEFERRED OUTFLOWS OF RESOURCES
None - - - - -
TOTAL ASSETS AND DEFERRED
OUTFLOWS OF RESOURCES 19,817,808$ 19,523,983$ 116,144$ 5,581,762$ 45,039,697$
OUTFLOWS OF RESOURCES
ASSETS AND DEFERRED
VILLAGE OF PLAINFIELD, ILLINOIS
BALANCE SHEET
GOVERNMENTAL FUNDS
April 30, 2019
(This statement is continued on the following page.)
- 10 -
Nonmajor Total
Capital Debt Governmental Governmental
General Projects Service Funds Funds
LIABILITIES
Accounts payable 972,643$ 1,429,497$ -$ 69,665$ 2,471,805$
Accrued payroll 519,745 - - - 519,745
Impact fee 60,925 - - - 60,925
Recapture fee - 15,272 - - 15,272
Unearned revenue 52,279 400,688 - - 452,967
Developer deposit 104,718 - - - 104,718
Total liabilities 1,710,310 1,845,457 - 69,665 3,625,432
DEFERRED INFLOWS OF RESOURCES
Unavailable property tax revenue 6,198,929 - 113,014 1,163,931 7,475,874
Total deferred inflows of resources 6,198,929 - 113,014 1,163,931 7,475,874
Total liabilities and deferred inflows
of resources 7,909,239 1,845,457 113,014 1,233,596 11,101,306
FUND BALANCES
Nonspendable
Prepaid items 14,236 - - - 14,236
Restricted
Street maintenance - - - 3,474,726 3,474,726
Public safety 466,127 - - 53,287 519,414
Audit - - - 22,593 22,593
Liability insurance - - - 442,523 442,523
Retirement obligations 131,092 - - - 131,092
Economic development - - - 355,037 355,037
Unrestricted
Assigned
Capital projects - 17,678,526 - - 17,678,526
Debt service - - 3,130 - 3,130
Insurance 1,341,972 - - - 1,341,972
Unassigned 9,955,142 - - - 9,955,142
Total fund balances 11,908,569 17,678,526 3,130 4,348,166 33,938,391
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES 19,817,808$ 19,523,983$ 116,144$ 5,581,762$ 45,039,697$
VILLAGE OF PLAINFIELD, ILLINOIS
BALANCE SHEET (Continued)
GOVERNMENTAL FUNDS
April 30, 2019
OF RESOURCES, AND FUND BALANCES
LIABILITIES, DEFERRED INFLOWS
See accompanying notes to financial statements.
- 11 -
FUND BALANCES OF GOVERNMENTAL FUNDS 33,938,391$
Amounts reported for governmental activities in the statement of net position are different
because:
Capital assets used in governmental activities are not financial resources and, therefore,
are not reported in the governmental funds 215,957,855
Bond premiums/discounts on bonds are expensed in governmental funds but capitalized
and amortized in the statement of net position
Unamortized bond premium (909,607)
Unamortized loss on refunding 1,507,516
Interest payable is not due and payable in the current period and, therefore, is not reported
in the governmental funds (214,219)
Differences between expected and actual experiences, assumption changes, net differences
between projected and actual earnings, and contributions subsequent to the measurement
date for the Illinois Municipal Retirement Fund are recognized as deferred outflows of
resources and deferred inflows of resources on the statement of net position
Deferred outflows of resources 2,038,616
Deferred inflows of resources (417,941)
Differences between expected and actual experiences, assumption changes, and net differences
between projected and actual earnings for the Police Pension Plan are recognized as deferred
outflows of resources and deferred inflows of resources on the statement of net position
Deferred outflows of resources 3,349,826
Deferred inflows of resources (5,658,126)
Differences between expected and actual experiences, assumption changes, and net differences
between projected and actual earnings for the OPEB Plan are recognized as deferred outflows
of resources and deferred inflows of resources on the statement of net position
Deferred outflows of resources 576,417
Deferred inflows of resources (578,073)
Long-term liabilities, including bonds payable, are not due and payable in the current period
and, therefore, are not reported in the governmental funds
General obligation bonds (17,475,000)
Net pension liability - IMRF (3,868,772)
Net pension liability - Police Pension (8,822,905)
Net pension liability - OPEB (1,377,703)
Compensated absences payable (1,212,177)
NET POSITION OF GOVERNMENTAL ACTIVITIES 216,834,098$
April 30, 2019
VILLAGE OF PLAINFIELD, ILLINOIS
RECONCILIATION OF FUND BALANCES OF GOVERNMENTAL FUNDS TO THE
GOVERNMENTAL ACTIVITIES IN THE STATEMENT OF NET POSITION
See accompanying notes to financial statements.
- 12 -
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
For the Year Ended April 30, 2019
Nonmajor Total
Capital Debt Governmental Governmental
General Projects Service Funds Funds
REVENUES
Taxes 7,102,335$ 3,725,422$ 118,114$ 1,262,653$ 12,208,524$
Licenses and permits 1,318,572 - - - 1,318,572
Intergovernmental 10,969,600 3,749,178 - 1,103,351 15,822,129
Charges for services 5,788,953 59,935 - - 5,848,888
Fines and forfeits 614,013 396,073 - 22,680 1,032,766
Investment income 271,584 287,669 12,402 100,453 672,108
Miscellaneous 413,537 3,819,059 - 25,270 4,257,866
Total revenues 26,478,594 12,037,336 130,516 2,514,407 41,160,853
EXPENDITURES
Current
General government 4,309,841 - - 196,603 4,506,444
Public safety 12,633,395 - - 246,263 12,879,658
Highways and streets 7,944,620 - - 925,649 8,870,269
Capital outlay - 9,032,558 - - 9,032,558
Debt service
Principal retirement - - 2,475,000 - 2,475,000
Interest and fiscal charges - - 650,150 - 650,150
Total expenditures 24,887,856 9,032,558 3,125,150 1,368,515 38,414,079
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 1,590,738 3,004,778 (2,994,634) 1,145,892 2,746,774
OTHER FINANCING SOURCES (USES)
Transfers in 25,000 1,859,212 2,995,531 - 4,879,743
Transfers (out)(1,359,212) (2,018,731) - (525,000) (3,902,943)
Sale of capital assets - 27,725 - - 27,725
Total other financing sources (uses)(1,334,212) (131,794) 2,995,531 (525,000) 1,004,525
NET CHANGE IN FUND BALANCES 256,526 2,872,984 897 620,892 3,751,299
FUND BALANCES, MAY 1 11,652,043 14,805,542 2,233 3,727,274 30,187,092
FUND BALANCES, APRIL 30 11,908,569$ 17,678,526$ 3,130$ 4,348,166$ 33,938,391$
See accompanying notes to financial statements.
- 13 -
NET CHANGE IN FUND BALANCES -
TOTAL GOVERNMENTAL FUNDS 3,751,299$
Amounts reported for governmental activities in the statement of activities are different
because:
Governmental funds report capital outlay as expenditures; however, they are capitalized
and depreciated in the statement of activities 5,160,301
The repayment of the principal portion long-term debt is reported as an expenditure
when due in governmental funds but as a reduction of principal outstanding in the
statement of activities
Principal on bonds 2,475,000
Governmental funds report the effect of premiums, discounts, and similar items when
debt is first issued, whereas these amounts are deferred and amortized in the statement
of activities (59,428)
The change in the Illinois Municipal Retirement Fund net pension liability and deferred
outflows/inflows of resources is not a source or use of a financial resource 56,382
The change in the Police Pension Plan net pension liability and deferred outflows/inflows
of resources is not a source or use of a financial resource (518,493)
The change in the OPEB net pension liability and deferred outflows/inflows of resources
is not a source or use of a financial resource (49,360)
Some expenses in the statement of activities do not require the use of current financial
resources and, therefore, are not reported as expenditures in governmental funds
Depreciation (15,026,126)
Change in compensated absences (62,068)
Change in accrued interest payable 29,587
CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES (4,242,906)$
For the Year Ended April 30, 2019
VILLAGE OF PLAINFIELD, ILLINOIS
RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES,
GOVERNMENTAL ACTIVITIES IN THE STATEMENT OF ACTIVITIES
EXPENDITURES, AND CHANGES IN FUND BALANCES TO THE
See accompanying notes to financial statements.
- 14 -
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF NET POSITION
PROPRIETARY FUND
April 30, 2019
Water and
Sewer
CURRENT ASSETS
Cash and investments 17,988,062$
Receivables
Accounts 2,171,179
Sales tax 423,226
Other 4,872
Interest 37,673
Total current assets 20,625,012
NONCURRENT ASSETS
Capital assets
Nondepreciable 3,759,684
Depreciable, net of accumulated depreciation 98,138,001
Total capital assets 101,897,685
Other assets
Deposits 239,399
Total other assets 239,399
Total noncurrent assets 102,137,084
Total assets 122,762,096
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources - IMRF 418,862
Deferred outflows of resources - OPEB 19,912
Unamortized loss on refundings 2,077,480
Total deferred outflows of resources 2,516,254
Total assets and deferred outflows of resources 125,278,350
(This statement is continued on the following page.)
- 15 -
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF NET POSITION (Continued)
PROPRIETARY FUND
April 30, 2019
Water and
Sewer
CURRENT LIABILITIES
Accounts payable 2,427,367$
Accrued payroll 55,877
Accrued interest 294,169
Compensated absences payable 65,202
Total OPEB liability 968
Illinois EPA loan 161,392
Bonds payable 2,400,000
Developer deposit 22,762
Total current liabilities 5,427,737
LONG-TERM LIABILITIES
Compensated absences payable 8,774
Net pension liability 785,832
Total OPEB liability 46,625
Illinois EPA loan 2,008,040
Bonds payable 13,808,893
Total long-term liabilities 16,658,164
Total liabilities 22,085,901
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources - IMRF 85,156
Deferred inflows of resources - OPEB 19,971
Total deferred inflows of resources 105,127
Total liabilities and deferred inflows of resources 22,191,028
NET POSITION
Net investment in capital assets 85,596,840
Restricted for debt service 1,725,525
Unrestricted 15,764,957
TOTAL NET POSITION 103,087,322$
See accompanying notes to financial statements.
- 16 -
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF REVENUES, EXPENSES, AND
CHANGES IN FUND NET POSITION
PROPRIETARY FUND
For the Year Ended April 30, 2019
Water and
Sewer
OPERATING REVENUES
Charges for services 16,819,225$
Total operating revenues 16,819,225
OPERATING EXPENSES
Water operations 10,748,671
Sewer operations 2,593,282
Depreciation 3,198,921
Total operating expenses 16,540,874
OPERATING INCOME 278,351
NON-OPERATING REVENUES (EXPENSES)
Home rule sales tax 1,862,431
Miscellaneous revenue 1,698,307
Investment income 375,621
Interest expense (691,319)
Total non-operating revenues (expenses)3,245,040
INCOME BEFORE TRANSFERS AND CAPITAL CONTRIBUTIONS 3,523,391
TRANSFERS (OUT)(976,800)
CAPITAL CONTRIBUTIONS 97,847
CHANGE IN NET POSITION 2,644,438
NET POSITION, MAY 1 100,442,884
NET POSITION, APRIL 30 103,087,322$
See accompanying notes to financial statements.
- 17 -
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF CASH FLOWS
PROPRIETARY FUND
For the Year Ended April 30, 2019
Water and
Sewer
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users 16,714,194$
Reimbursements to other funds (250,000)
Payments to suppliers (11,094,696)
Payments to employees (1,541,591)
Net cash from operating activities 3,827,907
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Transfers (out) (976,800)
Non-operating revenues 3,568,496
Net cash from noncapital financing activities 2,591,696
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Purchase of capital assets (1,788,802)
Principal payments on long-term debt (2,459,393)
Interest paid (691,765)
Net cash from capital and related
financing activities (4,939,960)
CASH FLOWS FROM INVESTING ACTIVITIES
Sale (purchase) of investments (89,844)
Interest received 366,374
Net cash from investing activities 276,530
NET INCREASE IN CASH AND
CASH EQUIVALENTS 1,756,173
CASH AND CASH EQUIVALENTS, MAY 1 14,849,438
CASH AND CASH EQUIVALENTS, APRIL 30 16,605,611$
(This statement is continued on the following page.)
- 18 -
VILLAGE OF PLAINFIELD, ILLINOIS
STATEMENT OF CASH FLOWS (Continued)
PROPRIETARY FUND
For the Year Ended April 30, 2019
Water and
Sewer
RECONCILIATION OF OPERATING INCOME TO NET
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income 278,351$
Adjustments to reconcile operating income
to net cash from operating activities
Depreciation and amortization 3,198,921
Changes in assets and liabilities
Accounts receivable (105,031)
Prepaid fees 15,318
Deposits (16,536)
Pension items - IMRF (11,549)
Pension items - OPEB (5,500)
Accounts payable 472,815
Accrued expenses 1,118
NET CASH FROM OPERATING ACTIVITIES 3,827,907$
CASH AND INVESTMENTS
Cash and cash equivalents 16,605,611$
Investments 1,382,451
TOTAL CASH AND INVESTMENTS 17,988,062$
NONCASH TRANSACTIONS
Capital contributions 97,847$
See accompanying notes to financial statements.
- 19 -
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
April 30, 2019
Police
Pension
ASSETS
Cash and short-term investments 230,525$
Investments
U.S. Government and U.S. agency obligations 12,694,380
Municipal bonds 1,754,998
Mutual funds 19,877,856
Receivables
Accrued interest receivable 108,865
Total assets 34,666,624
LIABILITIES
Accounts payable 1,453
Total liabilities 1,453
NET POSITION RESTRICTED
FOR PENSIONS 34,665,171$
VILLAGE OF PLAINFIELD, ILLINOIS
See accompanying notes to financial statements.
- 20 -
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
ADDITIONS
Contributions
Employer 1,402,674$
Employee 555,362
Total contributions 1,958,036
Investment income
Net appreciation in fair value
of investments 575,422
Interest and dividends 1,219,956
Total investment income 1,795,378
Less investment expense (106,456)
Net investment income 1,688,922
Total additions 3,646,958
DEDUCTIONS
Benefits and refunds 510,423
Administration 49,718
Total deductions 560,141
NET INCREASE 3,086,817
NET POSITION RESTRICTED
FOR PENSIONS
May 1 31,578,354
April 30 $ 34,665,171
VILLAGE OF PLAINFIELD, ILLINOIS
For the Year Ended April 30, 2019
See accompanying notes to financial statements.
- 21 -
- 20 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS
April 30, 2019
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the Village of Plainfield, Illinois (the Village) have been
prepared in conformity with accounting principles generally accepted in the United States
of America (hereinafter referred to as generally accepted accounting principles (GAAP)),
as applied to government units. The Governmental Accounting Standards Board (GASB) is
the accepted standard-setting body for establishing governmental accounting and financial
reporting principles. The more significant of the Village’s accounting policies are
described below.
a. Reporting Entity
The Village was incorporated June 1, 1877. The Village operates under a
President-Board of Trustees form of government and provides the following services
as authorized by its charter: public safety (police), highways and streets, water
distribution, wastewater treatment, public improvements, planning and zoning, and
general administrative services. As required by GAAP, these financial statements
present the Village (the primary government). In evaluating how to define the
reporting entity, management has considered all potential component units. The
decision to include a potential component unit in the reporting entity was based upon
the significance of its operational or financial relationship with the primary
government. There are no component units that are required to be included in the
Village’s basic financial statements.
b. Fund Accounting
The Village uses funds to report on its financial position and the changes in financial
position. Fund accounting is designed to demonstrate legal compliance and to aid
financial management by segregating transactions related to certain Village functions
or activities. A fund is a separate accounting entity with a self-balancing set of
accounts.
Funds are classified into the following categories: governmental, proprietary, and
fiduciary.
Governmental funds are used to account for all or most of the Village’s general
activities, including the collection and disbursement of restricted or committed
monies (special revenue funds), the funds restricted, committed, or assigned for the
acquisition or construction of major capital assets (capital projects funds), and the
funds restricted, committed, or assigned for the servicing of general long-term debt
(debt service funds). The General Fund is used to account for all activities of the
general government not accounted for in some other fund.
- 22 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 21 -
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
b. Fund Accounting (Continued)
Proprietary funds are used to account for activities similar to those found in the
private sector, where the determination of net income is necessary or useful to sound
financial administration.
Fiduciary funds are used to account for assets held on behalf of outside parties,
including other governments, or on behalf of other funds within the Village. The
Village utilizes a pension trust fund, which is used to account for assets that the
Village holds in a fiduciary capacity.
c. Government-Wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the
statement of activities) report information on all of the nonfiduciary activities of the
Village. The effect of material interfund activity has been eliminated from these
statements. Governmental activities, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business-type activities,
which rely to a significant extent on fees and charges for support.
The statement of activities demonstrates the degree to which the direct expenses of a
given function, segment, or program are offset by program revenues. Direct expenses
are those that are clearly identifiable with a specific function or segment. Program
revenues include (1) charges to customers or applicants who purchase, use, or
directly benefit from goods, services, or privileges provided by a given function or
segment and (2) grants and contributions that are restricted to meeting the operational
or capital requirements of a particular function or segment. Taxes and other items not
properly included among program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds, proprietary funds,
and fiduciary funds, even though the latter are excluded from the government-wide
financial statements. Major individual governmental funds and major individual
enterprise funds are reported as separate columns in the fund financial statements.
The Village reports the following major governmental funds:
The General Fund is the general operating fund of the Village. It is used to
account for all financial resources not accounted for in another fund.
The Capital Projects Fund is used to account for financial resources to be used
for the acquisition or construction of major capital assets (other than those
financed by proprietary funds).
- 23 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 22 -
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
c. Government-Wide and Fund Financial Statements (Continued)
The Debt Service Fund is used to account for the accumulation of resources
for, and the payment of bond principal, interest, and related costs (other than
those repaid by proprietary funds). The Village has elected to present this fund
as a major fund.
The Village reports the following major proprietary fund:
The Water and Sewer Fund is used to account for operations that are financed
and operated in a manner similar to private business enterprises where the
intent of the governing body is that costs of providing goods or services to the
general public on a continuing basis be financed or recovered primarily through
user charges.
The Village reports a pension trust fund as a fiduciary fund to account for the Police
Pension Fund.
d. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting as are the proprietary fund
and fiduciary fund financial statements. Revenues and additions are recorded when
earned and expenses and deductions are recorded when a liability is incurred.
Property taxes are recognized as revenues in the year for which they are levied (i.e.,
intended to finance). Grants and similar items are recognized as revenue as soon as
all eligibility requirements imposed by the provider have been met. Operating
revenues and expenses are directly attributable to the operation of the proprietary
funds. Non-operating revenue/expenses are incidental to the operations of these
funds.
Governmental fund financial statements are reported using the current financial
resources measurement focus and the modified accrual basis of accounting. Under
the modified accrual basis of accounting, revenues are recognized when susceptible
to accrual (i.e., when they become both measurable and available). “Measurable”
means the amount of the transaction can be determined and “available” means
collectible within the current period or soon enough thereafter to be used to pay
liabilities of the current period, generally 60 days except for certain revenues
collected by the State (e.g., sales and telecom taxes) which use a 90-day period.
The Village recognizes property taxes when they become both measurable and
available in the year in which they are intended to finance. Expenditures are recorded
when the related fund liability is incurred. Principal and interest on general long-term
debt are recorded as expenditures when due.
- 24 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 23 -
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
d. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
(Continued)
Those revenues susceptible to accrual are property taxes, franchise fees, licenses,
interest revenue, and charges for services. Personal property replacement taxes owed
to the State at year end on behalf of the Village also are recognized as revenue. Fines
and permits revenues are not susceptible to accrual because generally they are not
measurable until received in cash.
In applying the susceptible to accrual concept to intergovernmental revenues, the
legal and contractual requirements of the numerous individual programs are used as
guidelines. Monies that are virtually unrestricted as to purpose of expenditure, which
are usually revocable only for failure to comply with prescribed compliance
requirements, are reflected as revenues at the time of receipt or earlier if the
susceptible to accrual criteria is met.
The Village reports unavailable/deferred revenue and unearned revenue on its
financial statements. Unavailable/deferred revenues arise when a potential revenue
does not meet the measurable and available or earned criteria for recognition in the
current period. Unearned revenues arise when resources are received by the Village
before it has a legal claim to them, as when grant monies are received prior to the
incurrence of qualifying expenditures. In subsequent periods, when both revenue
recognition criteria are met, or when the Village has a legal claim to the resources,
the deferred inflow for unavailable/deferred revenue or the liability for unearned
revenue is removed from the financial statements and revenue is recognized.
e. Cash and Investments
Cash and Cash Equivalents
For purposes of the statement of cash flows, the Village’s proprietary funds consider
their equity in pooled cash and all highly liquid investments with an original maturity
of three months or less when purchased to be cash equivalents.
Investments
Investments with a maturity of less than one year when purchased, non-negotiable
certificates of deposit, and money market mutual funds are stated at cost or amortized
cost. Investments with a maturity greater than one year when purchased and all
investments of the pension trust fund are stated at fair value. Fair value is the price
that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date.
- 25 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 24 -
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
e. Cash and Investments (Continued)
Investments (Continued)
The Village categorizes the fair value measurements within the fair value hierarchy
established by GAAP. The hierarchy is based on the valuation inputs used to measure
the fair value of the asset. Level 1 inputs are quoted prices in active markets for
identical assets; Level 2 inputs are significant other observable inputs; and Level 3
inputs are significant unobservable inputs.
f. Interfund Receivables/Payables
During the course of operations, numerous transactions occur between individual
funds for goods provided or services rendered. These receivables and payables are
classified as “due to/from other funds” on the financial statements. Long-term
interfund loans are classified as “advances to/from other funds.”
g. Prepaid Items/Expenses
Payments made to vendors for services that will benefit periods beyond the date of
this report are recorded as prepaid items/expenses on the consumption method.
h. Capital Assets
Capital assets, which include property, plant, equipment, infrastructure assets (e.g.,
roads, bridges, stormwater systems), and intangibles (easements and software), are
reported in the applicable governmental or business-type activities columns in the
government-wide financial statements. Capital assets are defined by the Village as
assets with an initial, individual cost of $5,000 for machinery and equipment,
$20,000 for building and improvements, and $50,000 for infrastructure and an
estimated useful life in excess of one year. All land and land improvements are
capitalized, regardless of cost. Such assets are recorded at historical cost or estimated
historical cost if purchased or constructed. Donated capital assets are recorded at
acquisition value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset
or materially extend asset lives are not capitalized.
- 26 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 25 -
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
h. Capital Assets (Continued)
Major outlays for capital assets and improvements are capitalized as projects are
constructed. Property, plant, and equipment is depreciated using the straight-line
method over the following estimated useful lives:
Assets Years
Building and improvements 5-50
Vehicles, equipment, and software 3-20
Infrastructure 15-50
i. Compensated Absences
Vested or accumulated vacation leave that is due to employees who have retired or
been terminated by the end of the year is reported as an expenditure and a fund
liability of the governmental fund that will pay it. Vested or accumulated vacation
leave of proprietary funds and governmental activities is recorded as an expense and
liability of those funds as the benefits accrue to employees.
j. Fund Balance/Net Position
In the fund financial statements, governmental funds report nonspendable fund
balance for amounts that are either not in spendable form or legally or contractually
required to be maintained intact. Restrictions of fund balance are reported for
amounts constrained by legal restrictions from outside parties for use for a specific
purpose, or externally imposed by outside entities. Committed fund balance is
constrained by formal actions of the Village Board of Trustees, which is considered
the Village’s highest level of decision-making authority. Formal actions include
resolutions and ordinances (equally binding) approved by the Board of Trustees.
Assigned fund balance represents amounts constrained by the Village’s intent to use
them for a specific purpose. In accordance with the Village’s financial policies, the
authority to assign fund balance has been delegated to the Village’s Director of
Management Services, consistent with the intentions of the Village Board of
Trustees. Any residual fund balance of the General Fund and any deficit balances in
other governmental funds are reported as unassigned.
- 27 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 26 -
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
j. Fund Balance/Net Position (Continued)
The Village has adopted targeted fund balances for two of its funds. The General
Fund has a targeted unassigned fund balance of at least 25% of the total General
Fund annual expenditures. General Fund unassigned fund balance in excess of 40%
may be transferred to the Capital Improvement Fund. The Water and Sewer Fund has
a targeted unrestricted net position of 25% of the total Water and Sewer Fund annual
expenditures. If the balances exceed 40%, the overage may be used to offset rate
increases or be transferred to the Village’s Capital Projects Fund, or a combination
thereof.
The Village’s flow of funds assumption prescribes that the funds with the highest
level of constraint are expended first. If restricted or unrestricted funds are available
for spending, the restricted funds are spent first. Additionally, if different levels of
unrestricted funds are available for spending, the Village considers committed funds
to be expended first followed by assigned and then unassigned funds.
In the government-wide financial statements, restricted net position is legally
restricted by outside parties for a specific purpose. Net investment in capital assets
represents the Village’s investment in the book value of capital assets, less any
outstanding debt that was issued to construct or acquire the capital asset.
k. Long-Term Obligations
In the government-wide financial statements and proprietary funds in the fund
financial statements, long-term debt, and other long-term obligations are reported as
liabilities in the applicable governmental activities, or business-type activities
columns, or proprietary fund financial statements. Bond premiums and discounts, as
well as gains and losses on refundings, are deferred and amortized over the life of the
bonds. Bonds payable are reported net of the applicable bond premiums or discounts.
Bond issuance costs are expensed as incurred.
In the fund financial statements, governmental funds recognize bond premiums and
discounts, as well as bond issuance costs, during the current period. The face amount
of debt issued is reported as an other financing source. Premiums received on debt
issuances are reported as other financing sources while discounts on debt issuances
are reported as other financing uses. Bond issuance costs, whether or not withheld
from the actual debt proceeds received, are reported as expenditures.
- 28 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 27 -
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
l. Interfund Transactions
Interfund service transactions are accounted for as revenues, expenditures, or
expenses. Transactions that constitute reimbursements to a fund for
expenditures/expenses initially made from it that are properly applicable to another
fund, are recorded as expenditures/expenses in the reimbursing fund and as
reductions of expenditures/expenses in the fund that is reimbursed.
All other interfund transactions, except interfund service transactions and
reimbursements, are reported as transfers.
m. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a
separate section for deferred outflows of resources. This separate financial statement
element represents a consumption of net assets that applies to a future period(s) and
so will not be recognized as an outflow of resources (expense/expenditure) until then.
In addition to liabilities, the statement of financial position will sometimes report a
separate section for deferred inflows of resources. This separate financial statement
element represents an acquisition of net assets that applies to a future period(s) and
so will not be recognized as an inflow of resources (revenue) until that time.
n. Use of Estimates
The preparation of financial statements in conformity with GAAP requires
management to make estimates and assumptions that affect the reported amount of
assets and liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and
expenditures/expenses during the reporting period. Actual results could differ from
those estimates.
2. DEPOSITS AND INVESTMENTS
The Village maintains a cash and investment pool that is available for use by all funds,
except the pension trust fund. Each fund type’s portion of this pool is displayed as “cash
and investments.” In addition, deposits and investments are separately held by several of
the Village’s funds.
- 29 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 28 -
2. DEPOSITS AND INVESTMENTS (Continued)
Permitted Deposits and Investments - the Village’s investment policy authorizes the
Village to make deposits/invest in insured commercial banks, savings and loan institutions,
obligations of the U.S. Treasury and U.S. agencies, insured credit union shares, money
market mutual funds with portfolios of securities issued or guaranteed by the United States
Government or agreements to repurchase these same obligations, repurchase agreements,
short-term commercial paper rated within the three highest classifications by at least two
standard rating services, and The Illinois Funds (a money market fund created by the State
of Illinois under the State Treasurer that maintains a $1 per share value).
The Illinois Public Treasurers’ Investment Pool, known as The Illinois Funds, operates as a
qualified external investment pool in accordance with the criteria established in GASB
Statement No. 79, Certain External Investment Pools and Pool Participants, and thus,
reports all investments at amortized cost rather than fair value. The investment in The
Illinois Funds by participants is also reported at amortized cost. The Illinois Funds does not
have any limitations or restrictions on participant withdrawals. The Illinois Treasurer’s
Office issues a separate financial report for The Illinois Funds which may be obtained by
contacting the Administrative Office at Illinois Business Center, 400 West Monroe Street,
Suite 401, Springfield, Illinois 62704.
Illinois Metropolitan Investment Fund (IMET) is a not-for-profit investment trust formed
pursuant to the Illinois Municipal Code and managed by a Board of Trustees elected from
the participating members. IMET is not registered with the SEC as an investment company.
Investments in IMET are valued at IMET’s share price, the price for which the investment
could be sold.
a. Village Deposits and Investments
It is the policy of the Village to invest its funds in a manner which will provide the
highest investment return with the maximum security while meeting the daily cash
flow demands of the Village and conforming to all state and local statutes governing
the investment of public funds, using the “prudent person” standard for managing the
overall portfolio. The primary objectives of the policy are, in order of priority, safety,
liquidity, and yield.
Deposits with Financial Institutions
Custodial credit risk for deposits with financial institutions is the risk that in the
event of bank failure, the Village’s deposits may not be returned to it. The Village’s
investment policy requires bank balances to be secured by some form of collateral,
witnessed by a written agreement, and held at an independent third party institution
in the name of the municipality.
- 30 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 29 -
2. DEPOSITS AND INVESTMENTS (Continued)
a. Village Deposits and Investments (Continued)
Investments
The following table presents the investments and maturities of the Village’s
securities that are subject to interest rate risk as of April 30, 2019:
Investment Maturities (in Years)
Investment Type Fair Value Less than 1 1-5 6-10 Greater than 10
IMET $ 5,556,639 $ - $ 5,556,639 $ - $ -
Negotiable certificates of
deposit 6,319,004 3,899,283 2,419,721 - -
Municipal bonds 1,060,106 1,060,106 - - -
TOTAL $ 12,935,749 $ 4,959,389 $ 7,976,360 $ - $ -
Interest rate risk is the risk that changes in interest rates will adversely affect the fair
value of an investment. In accordance with its investment policy, the Village limits
its exposure to interest rate risk by matching its investments with anticipated cash
flow requirements. Unless matched to a specific cash flow, the Village does not
directly invest in securities maturing more than two years from the date of purchase.
Reserved funds and other funds with longer term investment horizons may be
invested in securities exceeding two years if the maturities of such investments are
made to coincide as nearly as practicable with the expected use of the funds.
Credit risk is the risk that the issuer of a debt security will not pay its par value upon
maturity. The Village limits its exposure to credit risk by limiting investments to the
types of securities listed above and diversifying the investment portfolio to the best
of its abilities based on the type of funds invested and the cash flow needs of those
funds. The Illinois Funds and IMET are rated AAA. The Village’s negotiable
certificates of deposits are not rated. The municipal bonds are rated AA-.
Custodial credit risk for investments is the risk that, in the event of the failure of the
counterparty to the investment, the Village will not be able to recover the value of its
investments that are in possession of an outside party. To limit its exposure, the
Village’s investment policy requires all security transactions that are exposed to
custodial credit risk to be processed on a delivery versus payment (DVP) basis with
the underlying investments held by an independent third party custodian and
evidenced by safekeeping receipts and a written custodial agreement. The Illinois
Funds and IMET are not subject to custodial credit risk.
- 31 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 30 -
2. DEPOSITS AND INVESTMENTS (Continued)
a. Village Deposits and Investments (Continued)
Investments (Continued)
Concentration of credit risk is the risk that the Village has a high percentage of its
investments invested in one type of investment. The Village’s investment policy
requires diversification of investments to avoid unreasonable risk. The investments
shall be diversified by type of investment, number of institutions invested in, and
length of maturity. In addition, a portion of the Village’s portfolio should
continuously be invested in readily available funds such as Local Government
Investment Pools (LGIPS), money market funds, or overnight repurchase agreements
to ensure that appropriate liquidity is maintained to meet ongoing obligations.
The Village has the following recurring fair value measurements as of April 30,
2019: The IMET 1 to 3 Year Fund, a mutual fund, is measured based on the net asset
value of the shares in IMET, which is based on the fair value of the underlying
investments in the mutual fund (Level 3 input). The negotiable certificates of deposit
and municipal bonds are valued using a multi-dimensional relational model (Level 2
inputs).
3. RECEIVABLES - PROPERTY TAXES
Property taxes for the 2018 levy year attach as an enforceable lien on January 1, 2018, on
property values assessed as of the same date. Taxes are levied by December 31 of the
subsequent fiscal year by passage of a Tax Levy Ordinance. Tax bills are prepared by the
County and issued on or about May 1, 2019, and are payable in two installments, on or
about June 1, 2019 and September 1, 2019. The County collects such taxes and remits
them periodically. The allowance for uncollectible taxes has been stated at 1% to 2% of the
tax levy, to reflect actual collection experience. The 2018 taxes are intended to finance the
2020 fiscal year and are not considered available for current operations and are, therefore,
shown as unavailable/deferred revenue. The 2019 tax levy has not been recorded as a
receivable at April 30, 2019, as the tax attached as a lien on property as of January 1, 2019;
however, the tax will not be levied until December 2019 and, accordingly, is not
measurable at April 30, 2019.
- 32 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 31 -
4. CAPITAL ASSETS
a. Capital Assets
Capital asset activity for the year ended April 30, 2019 was as follows:
Beginning
Balances
Increases
Decreases
Ending
Balances
GOVERNMENTAL ACTIVITIES
Capital assets not being depreciated
Land $ 9,429,279 $ - $ - $ 9,429,279
Land right of way 90,191,186 - - 90,191,186
Construction in progress 7,400,138 4,365,304 - 11,765,442
Total capital assets not being depreciated 107,020,603 4,365,304 - 111,385,907
Capital assets being depreciated
Buildings and improvements 32,189,757 - - 32,189,757
Vehicles and equipment 7,673,040 794,997 37,180 8,430,857
Infrastructure 321,112,113 - - 321,112,113
Total capital assets being depreciated 360,974,910 794,997 37,180 361,732,727
Less accumulated depreciation for
Buildings 10,997,838 759,121 - 11,756,959
Vehicles and equipment 6,147,177 681,879 37,180 6,791,876 Infrastructure 225,026,818 13,585,126 - 238,611,944
Total accumulated depreciation 242,171,833 15,026,126 37,180 257,160,779
Total capital assets being depreciated, net 118,803,077 (14,231,129) - 104,571,948
GOVERNMENTAL ACTIVITIES
CAPITAL ASSETS, NET $ 225,823,680 $ (9,865,825) $ - $ 215,957,855
BUSINESS-TYPE ACTIVITIES
Capital assets not being depreciated
Land $ 3,043,544 $ - $ - $ 3,043,544
Construction in progress 355,408 360,732 - 716,140
Total capital assets not being depreciated 3,398,952 360,732 - 3,759,684
Capital assets being depreciated Buildings 17,448,092 - - 17,448,092
Vehicles and equipment 1,692,713 98,753 - 1,791,466
Water transmission system 70,266,888 - - 70,266,888 Sewer collection system 54,698,904 1,427,164 - 56,126,068
Total capital assets being depreciated 144,106,597 1,525,917 - 145,632,514
Less accumulated depreciation for
Buildings 5,752,134 348,962 - 6,101,096
Vehicles and equipment 1,204,965 99,930 - 1,304,895
Water transmission system 21,037,164 1,601,860 - 22,639,024
Sewer collection system 16,301,329 1,148,169 - 17,449,498
Total accumulated depreciation 44,295,592 3,198,921 - 47,494,513
Total capital assets being depreciated, net 99,811,005 (1,673,004) - 98,138,001
BUSINESS-TYPE ACTIVITIES
CAPITAL ASSETS, NET $ 103,209,957 $ (1,312,272) $ - $ 101,897,685
- 33 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 32 -
4. CAPITAL ASSETS (Continued)
a. Capital Assets (Continued)
Depreciation expense was charged to functions/programs of the primary government
as follows:
GOVERNMENTAL ACTIVITIES
General government $ 294,031
Public safety 665,763
Highways and streets 14,066,332
TOTAL DEPRECIATION EXPENSE -
GOVERNMENTAL ACTIVITIES
$ 15,026,126
b. Construction Contracts
The Village had no significant construction commitments at April 30, 2019.
5. RISK MANAGEMENT
The Village is exposed to various risks of loss related to torts; theft of, damage to, and
destruction of assets; errors and omissions; injuries to employees; and net income losses.
To insure against the losses, the Village participates in the Southwest Agency for Risk
Management (SWARM), a public entity risk pool with transfers of risk. The Village pays
an annual premium to SWARM for property, general liability, employee benefit
administration liability, auto liability, law enforcement liability, public officials’ liability,
employment practices liability, and workers’ compensation coverage. The following table
is a summary of coverage in effect for the period May 1, 2018 through April 30, 2019:
Coverage
SWARM
Self-Insured
Retention/
Deductible
Limits
Property $ 50,000 $ 300,000,000/member
General liability 100,000 4,000,000/member
Employee benefit administration liability 100,000 3,000,000/member
Auto liability 100,000 2,000,000/member
Law enforcement liability 100,000 2,000,000/member
Public officials liability 100,000 2,000,000/member
Employment practices liability 100,000 2,000,000/member
Workers’ compensation 600,000/occurrence Statutory
Umbrella policy N/A 8,000,000/member
Excess liability N/A $10MM xs $10MM
The Village is not aware of any additional premiums owed to SWARM as of April 30,
2019 for the current or prior claim years.
- 34 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 33 -
6. LONG-TERM DEBT
a. General Obligation Bonds
General obligation bonds are direct obligations and pledge the full faith and credit of
the Village. General obligation bonds currently outstanding are as follows:
Issue
Fund
Debt
Retired by
Balances
May 1
Issuances
Refundings/
Retirements
Balances
April 30
Current
Portion
$15,135,000 General
Obligation Bonds of 2007,
annual installments of $515,000
to $1,175,000 through
December 15, 2026, interest at
4% to 5% payable each June 15
and December 15.
Debt
Service
$ 170,000
$ -
$ 170,000
$ -
$ -
$865,000 General Obligation
Refunding Bonds of 2009,
annual installments of $5,000 to
$110,000 through December 15,
2019, interest at 2% to 4%
payable each June 15 and
December 15.
Debt
Service
215,000
-
105,000
110,000
110,000
$9,280,000 General Obligation
Refunding Bonds of 2010,
annual installments of $640,000
to $960,000 through
December 15, 2023, interest at
2% to 4% payable each June 15
and December 15.
Debt
Service
5,170,000
-
770,000
4,400,000
805,000
$6,820,000 General Obligation
Refunding Bonds of 2012,
annual installments of $75,000
to $805,000 through
December 15, 2024, interest at
2% to 3% payable each June 15
and December 15.
Debt
Service
5,180,000
-
680,000
4,500,000
695,000
$7,370,000 General Obligation
Refunding Bonds of 2013,
annual installments of $355,000
to $1,780,000 through
December 15, 2019, interest at
2% to 4% payable each June 15
and December 15.
Water and
Sewer
3,490,000
-
1,710,000
1,780,000
1,780,000
$9,665,000 General Obligation
Refunding Bonds of 2014,
annual installments of $70,000
to $1,160,000 through
December 15, 2026, interest at
2.00% to 3.50% payable each
June 15 and December 15.
Debt
Service
9,215,000
-
750,000
8,465,000
950,000
TOTAL GENERAL
OBLIGATION BONDS
$ 23,440,000
$ -
$ 4,185,000
$ 19,255,000
$ 4,340,000
- 35 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 34 -
6. LONG-TERM DEBT (Continued)
b. Revenue Bonds Payable
Revenue bonds currently outstanding are shown in the table that follows. Both
issuances are collateralized by the revenue of the water and sewer system and the
various restricted accounts established by the bond ordinances.
Issue.
Fund
Debt
Retired by
Balances
May 1
Issuances
Refundings/
Retirements
Balances
April 30
Current
Portion
$16,385,000 Water and Sewer
System Revenue Bonds of 2008,
annual installments of $355,000
to $1,140,000 through May 1,
2034, interest at 4.185% to
5.625% payable each May 1
and November 1.
Water and
Sewer
$ 500,000
$ -
$ 500,000
$ -
$ -
$13,740,000 Water and Sewer
System Revenue Refunding
Bonds of 2015, annual
installments of $90,000 to
$1,100,000 through May 1,
2034, interest at 2% to 4%
payable each May 1 and
November 1.
Water and
Sewer
13,560,000
-
90,000
13,470,000
620,000
TOTAL REVENUE BONDS $ 14,060,000 $ - $ 590,000 $ 13,470,000 $ 620,000
The amount of pledge remaining as of April 30, 2019 is as follows:
Pledged
Revenue
Source
Pledge
Remaining
Commitment
End Date
Pledged
Revenue
Collected
Principal
and Interest
Paid
Water and Sewer System
Revenue Bonds of 2015
Revenues of
the System
$ 18,059,375
5/1/34
$ 16,819,225
$ 618,850
c. Illinois EPA Loans
Issue
Fund
Debt
Retired by
Balances
May 1
Issuances
Refundings/
Retirements
Balances
April 30
Current
Portion
$3,309,451 Illinois EPA low
interest loan, semiannual
installments through June 15,
2031, interest at 1.25% payable
each June 15 and December 15.
Water and
Sewer
$ 2,328,825
$ -
$ 159,393
$ 2,169,432
$ 161,392
TOTAL ILLINOIS EPA LOANS $ 2,328,825 $ - $ 159,393 $ 2,169,432 $ 161,392
- 36 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 35 -
6. LONG-TERM DEBT (Continued)
d. Debt Service Requirements to Maturity
Annual debt service requirements to maturity are as follows:
Governmental Activities
Fiscal General Obligation Bonds
Year Principal Interest
2020 $ 2,560,000 $ 571,250
2021 2,520,000 494,800
2022 2,635,000 410,800
2023 2,745,000 323,000
2024 2,840,000 231,450
2025 1,895,000 136,650
2026 1,120,000 79,800
2027 1,160,000 40,600
TOTAL $ 17,475,000 $ 2,288,350
Business-Type Activities
Fiscal General Obligation Bonds Revenue Bonds
Year Principal Interest Principal Interest
2020 $ 1,780,000 $ 53,400 $ 620,000 $ 515,550
2021 - - 645,000 490,250
2022 - - 665,000 464,050
2023 - - 700,000 436,750
2024 - - 725,000 408,250
2025 - - 750,000 378,750
2026 - - 780,000 348,150
2027 - - 810,000 316,350
2028 - - 840,000 283,350
2029 - - 875,000 249,050
2030 - - 920,000 213,150
2031 - - 950,000 175,750
2032 - - 990,000 136,950
2033 - - 1,030,000 96,550
2034 - - 1,070,000 57,225
2035 - - 1,100,000 19,250
TOTAL $ 1,780,000 $ 53,400 $ 13,470,000 $ 4,589,375
- 37 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 36 -
6. LONG-TERM DEBT (Continued)
d. Debt Service Requirements to Maturity (Continued)
Business-Type Activities
Fiscal Illinois EPA Loans
Year Principal Interest
2020 $ 161,392 $ 26,615
2021 163,416 24,591
2022 165,465 22,542
2023 167,540 20,467
2024 169,640 18,367
2025 171,767 16,240
2026 173,921 14,086
2027 176,102 11,905
2028 178,310 9,697
2029 180,546 7,461
2030 182,810 5,197
2031 185,102 2,905
2032 93,421 584
TOTAL $ 2,169,432 $ 180,657
e. Changes in Long-Term Liabilities
The following is a summary of changes in bonds, installment notes payable, debt
certificates, and other long-term liabilities during fiscal year 2019:
Balances
May 1,
Restated
Additions
Reductions
Balances
April 30
Current
Portion
GOVERNMENTAL ACTIVITIES
General obligation bonds $ 19,950,000 $ - $ 2,475,000 $ 17,475,000 $ 2,560,000
Compensated absences payable* 1,150,109 884,195 822,127 1,212,177 870,413
Net pension liability - IMRF* 1,368,429 2,500,343 - 3,868,772 -
Net pension liability - Police
Pension Plan* 11,308,345 - 2,485,440 8,822,905 -
Total OPEB liability* 1,337,466 40,237 - 1,377,703 31,290
Unamortized bond premiums 1,035,301 - 125,694 909,607 -
TOTAL GOVERNMENTAL
ACTIVITIES $ 36,149,650 $ 3,424,775 $ 5,908,261 $ 33,666,164 $ 3,461,703
*These obligations have typically been liquidated by the General Fund.
- 38 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 37 -
6. LONG-TERM DEBT (Continued)
e. Changes in Long-Term Liabilities (Continued)
Balances
May 1,
Restated
Additions
Reductions
Balances
April 30
Current
Portion
BUSINESS-TYPE ACTIVITIES
General obligation bonds $ 3,490,000 $ - $ 1,710,000 $ 1,780,000 $ 1,780,000
Revenue bonds 14,060,000 - 590,000 13,470,000 620,000
Illinois EPA loan 2,328,825 - 159,393 2,169,432 161,392
Compensated absences payable 81,279 65,935 73,238 73,976 65,202
Net pension liability - IMRF 273,714 512,118 - 785,832 -
Total OPEB liability 53,450 - 5,857 47,593 968
Unamortized bond premium 1,080,496 - 121,603 958,893 -
TOTAL BUSINESS-TYPE
ACTIVITIES
$ 21,367,764
$ 578,053
$ 2,660,091
$ 19,285,726
$ 2,627,562
7. INTERFUND ACTIVITY
Individual fund transfers were as follows:
Fund Transfers In Transfers Out
General $ 25,000 $ 1,359,212
Capital Projects 1,859,212 2,018,731
Debt Service 2,995,531 -
Nonmajor Governmental - 525,000
Water and Sewer - 976,800
TOTAL $ 4,879,743 $ 4,879,743
The purposes of significant transfers are as follows:
• $2,995,531 transferred from the Capital Projects Fund and the Water and Sewer
Fund to the Debt Service Fund to provide funds for a portion of various debt service
payments.
• $1,009,212 transferred from the General Fund to the Capital Projects Fund to finance
future capital projects in accordance with the Village’s fund balance policy.
- 39 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 38 -
8. CONTINGENT LIABILITIES
a. Litigation
The Village is a defendant in various lawsuits. Although the outcome of these
lawsuits is not presently determinable, in the opinion of the Village’s attorneys, the
resolution of these matters will not have a material adverse effect on the financial
condition of the Village.
b. Grants
Amounts received or receivable from grantor agencies are subject to audit and
adjustment by grantor agencies, principally the federal government. Any disallowed
claims, including amounts already collected, may constitute a liability of the
applicable funds. The amount, if any, of expenditures which may be disallowed by
the grantor cannot be determined at this time although the Village expects such
amounts, if any, to be immaterial.
9. COMMITMENTS
The Village is a member of the Southwest Agency for Health Management (SWAHM), an
agency comprised of seventeen communities formed to be a single member in an
Intergovernmental Personnel Benefits Cooperative (IPBC) which administers the personnel
benefits according to its members. Premiums are paid monthly to another member of
SWAHM which is responsible for collecting all monies and remitting them to IPBC.
The Village is a member of the Western Will County Communications Center
(WESCOM), an agency comprised of five communities and eight fire protection districts
formed to jointly establish, maintain, and operate a centralized public safety
communication system. The expenses of WESCOM are funded by monthly charges to the
participating agencies.
10. DEVELOPMENT ASSISTANCE
The Village has entered into various agreements with private organizations to encourage
economic development in the Village. These agreements provide for rebating a portion of
state shared sales taxes to the private organizations if certain benchmarks of development
are achieved. During the fiscal year ended April 30, 2019, approximately $71,699 in state
shared sales tax rebates were incurred under these agreements. Future contingent rebates of
approximately $192,509 in state shared sales taxes may be rebated if certain criteria are
met in future years.
- 40 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 39 -
11. TAX ABATEMENTS
The Village rebates local motor fuel taxes to encourage economic development in the
Village. The terms of these rebate arrangements are specified within written agreements
with the business concerned as allowed under the Illinois Compiled Statute Municipal
Code (65 ILCS 5/8-11-20). Certain rebates may be recaptured if the subject development
ceases to operate as intended for a period of more than 24 consecutive months. These
agreements are authorized through formal approval by the Village Board of Trustees. The
Village rebated $118,097 of local motor fuel taxes during the year ended April 30, 2019.
Future contingent rebates of approximately $116,155 in motor fuel taxes may be rebated if
certain criteria are met in future years.
12. DEFINED BENEFIT PENSION PLANS
The Village contributes to two defined benefit pension plans: the Illinois Municipal
Retirement Fund (IMRF), an agent multiple-employer public employee retirement system,
and the Police Pension Plan which is a single-employer pension plan. The benefits, benefit
levels, employee contributions, and employer contributions for both plans are governed by
Illinois Compiled Statutes (ILCS) and can only be amended by the Illinois General
Assembly. Neither of the pension plans issue separate reports on the pension plans.
However, IMRF does issue a publicly available report that includes financial statements
and supplementary information for the plan as a whole, but not for individual employers.
That report can be obtained at www.imrf.org or by writing to Illinois Municipal Retirement
Fund, 2211 York Road, Suite 500, Oak Brook, Illinois 60523.
a. Plan Descriptions
Illinois Municipal Retirement Fund
Plan Administration
All employees (other than those covered by the Police Pension Plan) hired in
positions that meet or exceed the prescribed annual hourly standard must be enrolled
in IMRF as participating members.
The plan is accounted for on the economic resources measurement focus and the
accrual basis of accounting. Employer and employee contributions are recognized
when earned in the year that the contributions are required, benefits and refunds are
recognized as an expense and liability when due and payable.
- 41 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 40 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Illinois Municipal Retirement Fund (Continued)
Plan Membership
At December 31, 2018, membership consisted of:
Inactive employees or their beneficiaries
currently receiving benefits 61
Inactive employees entitled to but not yet receiving benefits 70
Active employees 87
TOTAL 218
Benefits Provided
All employees (other than those covered by the Police Pension Plan) hired in
positions that meet or exceed the prescribed annual hourly standard must be enrolled
in IMRF as participating members. IMRF provides two tiers of pension benefits.
Employees hired prior to January 1, 2011, are eligible for Tier 1 benefits. For Tier 1
employees, pension benefits vest after eight years of service. Participating members
who retire at age 55 (reduced benefits) or after age 60 (full benefits) with eight years
of credited service are entitled to an annual retirement benefit, payable monthly for
life, in an amount equal to 1 2/3% of their final rate of earnings, for each year of
credited service up to 15 years, and 2% for each year thereafter.
Employees hired on or after January 1, 2011, are eligible for Tier 2 benefits. For
Tier 2 employees, pension benefits vest after ten years of service. Participating
members who retire at age 62 (reduced benefits) or after age 67 (full benefits) with
ten years of credited service are entitled to an annual retirement benefit, payable
monthly for life, in an amount equal to 1 2/3% of their final rate of earnings, for each
year of credited service up to 15 years, and 2% for each year thereafter.
IMRF also provides death and disability benefits. These benefit provisions are
established by state statute.
Contributions
Participating members are required to contribute 4.50% of their annual salary to
IMRF. The Village is required to contribute the remaining amounts necessary to fund
IMRF as specified by statute. The employer contribution for the fiscal year ended
April 30, 2019 was 10.63% of covered payroll.
- 42 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 41 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Illinois Municipal Retirement Fund (Continued)
Actuarial Assumptions
The Village’s net pension liability was measured as of December 31, 2018 and the
total pension liability used to calculate the net pension liability was determined by an
actuarial valuation performed as of the same date using the following actuarial
methods and assumptions.
Actuarial valuation date December 31, 2018
Actuarial cost method Entry-age normal
Assumptions
Price inflation 2.50%
Salary increases 3.39% to 14.25%
Investment rate of return 7.25%
Cost of living adjustments 3.00%
Asset valuation method Market value of assets
For nondisabled retirees, an IMRF specific mortality table was used with fully
generational projection scale MP-2017 (base year 2015). The IMRF specific rates
were developed from the RP-2014 Blue Collar Health Annuitant Mortality Table
with adjustments to match current IMRF experience. For disabled retirees, an IMRF
specific mortality table was used with fully generational projection scale MP-2017
(base year 2015). The IMRF specific rates were developed from the RP-2014
Disabled Retirees Mortality Table applying the same adjustments that were applied
for nondisabled lives. For active members, an IMRF specific mortality table was
used with fully generational projection scale MP-2017 (base year 2015). The IMRF
specific rates were developed from the RP-2014 Employee Mortality Table with
adjustments to match current IMRF experience.
- 43 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 42 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Illinois Municipal Retirement Fund (Continued)
Discount Rate
The discount rate used to measure the total pension liability was 7.25% at
December 31, 2018. The discount rate used to measure the total pension liability was
7.50% at December 31, 2017. The projection of cash flows used to determine the
discount rate assumed that member contributions will be made at the current
contribution rate and that the village contributions will be made at rates equal to the
difference between actuarially determined contribution rates and the member rate.
Based on those assumptions, the IMRF’s fiduciary net position was projected to be
available to make all projected future benefit payments of current plan members.
Therefore, the long-term expected rate of return on pension plan investments was
applied to all periods of projected benefit payments to determine the total pension
liability.
Changes in the Net Pension Liability
(a)
Total Pension
(b)
Plan Fiduciary
(a) - (b)
Net Pension
Liability Net Position Liability
BALANCES AT JANUARY 1, 2018 $ 23,558,943 $ 21,916,800 $ 1,642,143
Changes for the period
Service cost 621,641 - 621,641
Interest 1,765,752 - 1,765,752
Difference between expected
and actual experience 159,846 - 159,846
Employer contributions - 703,864 (703,864)
Assumption changes 882,365 - 882,365
Employee contributions - 297,890 (297,890)
Net investment income - (914,219) 914,219
Benefit payments and refunds (652,817) (652,817) -
Other (net transfer) - 329,608 (329,608)
Net changes 2,776,787 (235,674) 3,012,461
BALANCES AT DECEMBER 31, 2018 $ 26,335,730 $ 21,681,126 $ 4,654,604
Changes in assumptions related to the discount rate were made in 2018.
- 44 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 43 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Illinois Municipal Retirement Fund (Continued)
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of
Resources
For the year ended April 30, 2019, the Village recognized pension expense of
$616,919.
At April 30, 2019, the Village reported deferred outflows of resources and deferred
inflows of resources related to IMRF from the following sources:
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between expected and actual experience $ 194,363 $ 37,132
Assumption changes 690,676 465,965
Net difference between projected and
actual earnings on pension plan investments
1,383,564
-
Employer contributions after the measurement date 188,875 -
TOTAL $ 2,457,478 $ 503,097
$188,875 reported as deferred outflows of resources related to pensions resulting
from village contributions subsequent to the measurement date will be recognized as
a reduction of net pension liability in the reporting year ending April 30, 2020. Other
amounts reported as deferred outflows of resources and deferred inflows of resources
related to IMRF will be recognized in pension expense as follows:
Year Ending
April 30,
2020 $ 517,394
2021 308,603
2022 313,638
2023 625,871
2024 -
Therafter -
TOTAL $ 1,765,506
- 45 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 44 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Illinois Municipal Retirement Fund (Continued)
Discount Rate Sensitivity
The following is a sensitivity analysis of the net pension liability to changes in the
discount rate. The table below presents the net pension liability of the Village
calculated using the discount rate of 7.25% as well as what the Village’s net pension
liability would be if it were calculated using a discount rate that is 1 percentage point
lower (6.25%) or 1 percentage point higher (8.25%) than the current rate:
1% Decrease
Current
Discount Rate
1% Increase
(6.25%) (7.25%) (8.25%)
Net pension liability $ 8,717,525 $ 4,654,604 $ 1,381,502
Police Pension Plan
Plan Administration
Police sworn personnel are covered by the Police Pension Plan (the Plan). Although
this is a single-employer pension plan, the defined benefits and employee and
employer contribution levels are governed by Illinois Compiled Statutes (40 ILCS
5/3-1) and may be amended only by the Illinois legislature. The Village accounts for
the Plan as a pension trust fund.
The Plan is governed by a five-member Board of Trustees. Two members of the
Board of Trustees are appointed by the Village President, one member is elected by
pension beneficiaries, and two members are elected by active police employees.
The Plan is accounted for on the economic resources measurement focus and the
accrual basis of accounting. Employer and employee contributions are recognized
when earned in the year that the contributions are required and benefits and refunds
are recognized as an expense and liability when due and payable.
Administrative costs are financed through contributions and investment income.
- 46 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 45 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Plan Membership
At April 30, 2019, the measurement date, membership consisted of:
Inactive plan members or beneficiaries
currently receiving benefits 9
Inactive plan members entitled to but not
yet receiving benefits 2
Active plan members 57
TOTAL 68
Benefits Provided
The Plan provides retirement benefits as well as death and disability benefits. Tier 1
employees (those hired prior to January 1, 2011) attaining the age of 50 or older with
20 or more years of creditable service are entitled to receive an annual retirement
benefit equal to one-half of the salary attached to the rank held on the last day of
service, or for one year prior to the last day, whichever is greater. The annual benefit
shall be increased by 2.50% of such salary for each additional year of service over 20
years up to 30 years to a maximum of 75% of such salary. Employees with at least
eight years but less than 20 years of creditable service may retire at or after age 60
and receive a reduced benefit. The monthly benefit of a police officer who retired
with 20 or more years of service after January 1, 1977 shall be increased annually,
following the first anniversary date of retirement and be paid upon reaching the age
of at least 55 years, by 3% of the original pension, and 3% compounded annually
thereafter.
Tier 2 employees (those hired on or after January 1, 2011) attaining the age of 55 or
older with ten or more years of creditable service are entitled to receive an annual
retirement benefit equal to the average monthly salary obtained by dividing the total
salary of the police officer during the 96 consecutive months of service within the
last 120 months of service in which the total salary was the highest by the number of
months of service in that period. Police officers’ salary for pension purposes is
capped at $106,800, plus the lesser of ½ of the annual change in the Consumer Price
Index or 3% compounded. The annual benefit shall be increased by 2.50% of such
- 47 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 46 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Benefits Provided (Continued)
salary for each additional year of service over 20 years up to 30 years to a maximum
of 75% of such salary. Employees with at least ten years may retire at or after age 50
and receive a reduced benefit (i.e., ½% for each month under 55). The monthly
benefit of a Tier 2 police officer shall be increased annually at age 60 on the
January 1st after the police officer retires, or the first anniversary of the pension
starting date, whichever is later. Noncompunding increases occur annually, each
January thereafter. The increase is the lesser of 3% or ½ of the change in the
Consumer Price Index for the preceding calendar year.
Contributions
Employees are required by ILCS to contribute 9.91% of their base salary to the Plan.
If an employee leaves covered employment with less than 20 years of service,
accumulated employee contributions may be refunded without accumulated interest.
The Village is required to contribute the remaining amounts necessary to finance the
Plan and the administrative costs as actuarially determined by an enrolled actuary.
Effective January 1, 2011, the Village has until the year 2040 to fund 90% of the past
service cost for the Plan. However, the Village has elected to fund 100% of the past
service cost on a closed basis by the year 2040. For the year ended April 30, 2019,
the Village’s contribution was 24.07% of covered payroll.
Investment Policy
ILCS limits the Plan’s investments to those allowable by ILCS and require the Plan’s
Board of Trustees to adopt an investment policy which can be amended by a majority
vote of the Board of Trustees. The Plan’s investment policy authorizes it to make
deposits/invest in insured commercial banks, savings and loan institutions,
obligations of the U.S. Treasury and U.S. agencies, insured credit union shares,
money market mutual funds with portfolios of securities issued or guaranteed by the
United States Government or agreements to repurchase these same obligations,
repurchase agreements, short-term commercial paper rated within the three highest
classifications by at least two standard rating services, and The Illinois Funds. The
Plan may also invest in certain non-U.S. obligations, Illinois municipal corporations
tax anticipation warrants, veteran’s loans, obligations of the State of Illinois and its
political subdivisions, and Illinois insurance company general and separate accounts,
mutual funds, and equities.
- 48 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 47 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Investment Policy (Continued)
During the year, there were no changes to the investment policy.
The Plan’s investment policy in accordance with ILCS establishes the following
target allocation across asset classes:
Asset Class
Target
Long-Term
Expected Real
Rate of Return
Large cap domestic equity 35% 6.6%
Small cap domestic equity 12% 8.4%
International equity 8% 6.4%
Fixed income 45% 1.6%
ILCS limits the Plan’s investments in equities, mutual funds, and variable annuities
to 65%. Securities in any one company should not exceed 5% of the total fund.
The long-term expected real rates of return are net of inflation and investment
expense. Long-term returns for the asset classes are calculated on a geometric mean
basis. Asset class returns and risk premium data are from Morningstar Analyst
Research Center - SBBI Data for the period of December 31, 1925 through
December 31, 2018. International Equity = the MSCI EAFE Index from
December 31, 1969 through December 31, 2018.
Investments with a maturity of less than one year when purchased, non-negotiable
certificates of deposit, and money market mutual funds are stated at cost or amortized
cost. Investments with a maturity greater than one year when purchased and all
investments of the pension trust fund are stated at fair value. Fair value is the price
that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date.
- 49 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 48 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Investment Valuations
The Plan categorizes the fair value measurements within the fair value hierarchy
established by GAAP. The hierarchy is based on the valuation inputs used to measure
the fair value of the asset. Level 1 inputs are quoted prices in active markets for
identical assets; Level 2 inputs are significant other observable inputs; and Level 3
inputs are significant unobservable inputs.
The Plan had the following recurring fair value measurements as of April 30, 2019:
The U.S. Treasury obligations and equity mutual funds are valued using daily quoted
prices (Level 1 inputs). The U.S. agency obligations and municipal bonds are valued
using evaluated pricing (Level 2 inputs). The equity securities and mutual funds are
valued using quoted prices in active markets for identical assets (Level 1 inputs). The
real estate investment trust is valued using appraisals, internally prepared valuations,
and discounted cash flow analysis (Level 3 inputs).
Investment Rate of Return
For the year ended April 30, 2019, the annual money-weighted rate of return on
pension plan investments, net of pension plan investment expense, was 5.18%. The
money-weighted rate of return expresses investment performance, net of investment
expense, adjusted for the changing amounts actually invested.
Deposits with Financial Institutions
Custodial credit risk for deposits with financial institutions is the risk that in the
event of bank failure, the Plan’s deposits may not be returned to it. The Plan’s
investment policy does not require pledging of collateral for all bank balances in
excess of federal depository insurance, since flow-through FDIC insurance is
available for the Plan’s deposits with financial institutions.
- 50 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 49 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Interest Rate Risk
The following table presents the investments and maturities of the Plan’s debt
securities as of April 30, 2019:
Investment Maturities (in Years)
Investment Type Fair Value Less than 1 1-5 6-10 Greater than 10
U.S. Treasury obligations $ 4,037,473 $ 573,301 $ 2,404,578 $ 1,059,594 $ -
U.S. agency obligations 8,656,907 998,541 5,375,535 2,191,720 91,111
Municipal bonds 1,754,998 99,826 1,245,478 409,694 -
TOTAL $ 14,449,378 $ 1,671,668 $ 9,025,591 $ 3,661,008 $ 91,111
Interest rate risk is the risk that changes in interest rates will adversely affect the fair
value of an investment. In accordance with its investment policy, the Plan limits its
exposure to interest rate risk through the proper diversifications of maturities and
sectors while maintaining cash flow adequate to meet anticipated disbursements for
at least six months by utilizing short-term money market investments. There are no
constraints on any of the fixed income portfolio’s average maturity. The average
duration of any fixed income portfolio shall not exceed 12 years at any given time
unless deemed otherwise by the Board of Trustees.
Credit Risk
Credit risk is the risk that the issuer of a debt security will not pay its par value upon
maturity. The Plan limits its exposure to credit risk by primarily investing in U.S.
Treasury or U.S. agency obligations. The U.S. agency obligations are rated Aaa or
are not rated. The money market mutual funds are rated AAA. The municipal bonds
are rated Aa3 to Aaa.
Custodial Credit Risk
Custodial credit risk for investments is the risk that, in the event of the failure of the
counterparty to the investment, the Plan will not be able to recover the value of its
investments that are in possession of an outside party. To limit its exposure, the
Plan’s investment policy requires all security transactions that are exposed to
custodial credit risk to be processed on a delivery versus payment (DVP) basis with
the underlying investments held by a third party custodian. The money market mutual
funds and equity mutual funds are not subject to custodial credit risk.
- 51 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 50 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Concentration of Credit Risk
Concentration of credit risk is the risk that the Plan has a high percentage of its
investments invested in one type of investment. The Plan’s investment policy limits
the amount of the debt portfolio that can be invested in any one debt security as
follows:
Diversification by Instrument Minimum Target Maximum
Cash equivalents 0% 0% 30%
Government bonds 40% 45% 70%
U.S. stocks 35% 40% 45%
Non-U.S. stocks 0% 15% 20%
Discount Rate
The discount rate used to measure the total pension liability was 6.75%. The
projection of cash flows used to determine the discount rate assumed that plan
member contributions will be made at the current contribution rate and that the
village contributions will be made at rates equal to the difference between actuarially
determined contribution rates and the member rate. Based on those assumptions, the
Plan’s fiduciary net position was projected to be available to make all projected
future benefit payments of current members. Therefore, the long-term expected rate
of return on pension plan investments of 6.75% was applied to all periods of
projected benefit payments to determine the total pension liability.
- 52 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 51 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Changes in Net Pension Liability
(a)
Total
Pension
(b)
Plan
Fiduciary
(a) - (b)
Net
Pension
Liability Net Position Liability
BALANCES AT MAY 1, 2018 $ 42,886,699 $ 31,578,354 $ 11,308,345
Changes for the period
Service cost 1,313,637 - 1,313,637
Interest 3,076,159 - 3,076,159
Difference between expected
and actual experience (4,863,845) - (4,863,845)
Employer contributions - 1,402,674 (1,402,674)
Assumption changes 1,585,849 - 1,585,849
Employee contributions - 555,362 (555,362)
Net investment income - 1,688,922 (1,688,922)
Benefit payments and refunds (510,423) (510,423) -
Administrative expense - (49,718) 49,718
Net changes 601,377 3,086,817 (2,485,440)
BALANCES AT APRIL 30, 2019 $ 43,488,076 $ 34,665,171 $ 8,822,905
There was a change with respect to actuarial assumptions in 2019 to reflect revised
expectations with respect to mortality rates.
- 53 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 52 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Actuarial Assumptions
The total pension liability above was determined by an actuarial valuation performed
as of April 30, 2019 using the following actuarial methods and assumptions:
Actuarial valuation date April 30, 2019
Actuarial cost method Entry-age normal
Assumptions
Inflation 2.50%
Salary increases 3.50% to 11.00%
Investment rate of return 6.75%
Cost of living adjustments
Tier 1 - 3.00%
Tier 2 – 1.25%
Asset valuation method Market value
Mortality rates were based on PubS-2010 Employee mortality, projected 5 years past
the valuation date with Scale MP-2018 for active lives. 10% of active deaths are
assumed to be in the line of duty.
Discount Rate Sensitivity
The following is a sensitivity analysis of the net pension liability to changes in the
discount rate. The table below presents the net pension liability of the Village
calculated using the discount rate of 6.75% as well as what the Village’s net pension
liability would be if it were calculated using a discount rate that is 1 percentage point
lower (5.75%) or 1 percentage point higher (7.75%) than the current rate:
1% Decrease
Current
Discount Rate
1% Increase
(5.75%) (6.75%) (7.75%)
Net pension liability $ 17,175,861 $ 8,822,905 $ 2,171,642
- 54 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 53 -
12. DEFINED BENEFIT PENSION PLANS (Continued)
a. Plan Descriptions (Continued)
Police Pension Plan (Continued)
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of
Resources
For the year ended April 30, 2019, the Village recognized police pension expense of
$1,921,167.
At April 30, 2019, the Village reported deferred outflows of resources and deferred
inflows of resources related to the police pension from the following sources:
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between expected and actual experience $ - $ 5,042,310
Changes in assumptions 2,693,950 615,816
Net difference between projected and
actual earnings on pension plan investments
655,876
-
TOTAL $ 3,349,826 $ 5,658,126
Amounts reported as deferred outflows of resources and deferred inflows of
resources related to the police pension will be recognized in pension expense as
follows:
Year Ending
April 30,
2020 $ 215,730
2021 (267,309)
2022 (423,072)
2023 (427,072)
2024 (219,970)
Thereafter (1,186,607)
TOTAL $ (2,308,300)
- 55 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 54 -
13. OTHER POSTEMPLOYMENT BENEFITS
a. Plan Description
In addition to providing the pension benefits described, the Village provides
postemployment health care (OPEB) benefits for retirees and disabled employees
through a single-employer defined benefit plan (the Plan). The benefits, benefit
levels, employee contributions, and any employer contributions are governed by the
Village and can be amended by the Village through its personnel manual and union
contracts. No assets are accumulated in a trust that meets the criteria in paragraph 4
of GASB Statement No. 75. The Plan does not issue a separate report. The activity of
the Plan is reported in the Village’s govermental activities and Water and Sewer
Fund.
b. Benefits Provided
The Village provides OPEB to its retirees and certain disabled employees. To be
eligible for benefits, an employee must qualify for retirement under one of the
Village’s retirement plans or meet COBRA requirements. All retirees contribute
100% of the premium to the Plan to cover the cost of providing the benefits to the
retirees via the health insurance plan (pay as you go), which results in an implicit
subsidy to the Village. For certain disabled employees who qualify for health
insurance benefits under the Public Safety Employee Benefits Act (PSEBA), the
Village is required to pay 100% of the cost of basic health insurance for the
employee and their dependents for their lifetime. As of April 30, 2019, the Village
had one disabled retiree receiving benefits under this statute.
All health care benefits are provided through the Village’s insured health plan. The
benefit levels are the same as those afforded to active employees. Benefits include
general inpatient and outpatient medical services; mental, nervous and substance
abuse care; vision care; dental care; and prescriptions. Eligibility in village sponsored
health care plans is discontinued upon eligibility for federally sponsored health care
benefits.
c. Membership
At May 1, 2019 (census date), membership consisted of:
Inactive employees or beneficiaries currently
receiving benefit payments
3
Inactive employees entitled to but not yet
receiving benefit payments
-
Active employees 137
TOTAL 140
- 56 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 55 -
13. OTHER POSTEMPLOYMENT BENEFITS (Continued)
d. Total OPEB Liability
The Village’s total OPEB liability of $1,425,295 was measured as of April 30, 2019
and was determined by an actuarial valuation as of that date.
e. Actuarial Assumptions and Other Inputs
The total OPEB liability at April 30, 2019, as determined by an actuarial valuation as
of April 30, 2019 actuarial valuation, was determined using the following actuarial
assumptions and other inputs, applied to all periods included in the measurement,
unless otherwise specified.
Actuarial cost method Entry-age normal
Actuarial value of assets Market value
Inflation 2.50%
Salary Increases 4.00%
Discount rate 3.21%
Healthcare cost trend rates 0.96% to 4.95%
4.50% Ultimate
Police employees that suffer a catastrophic injury or are killed in the line of duty may
receive 100% village paid lifetime coverage for the employee, their spouse, and each
dependent child under the Public Safety Employee Benefits Act.
The discount rate was based on the index rate for tax exempt general obligation
municipal bonds rated AA or better at April 30, 2019.
Mortality rates were based on the RP-2014 Healthy Annuitant Mortality Table for
Males or Females, as appropriate, with adjustments for mortality improvements
based on scale AA.
The actuarial assumptions used in the May 1, 2019 valuation are based on 10%
participation assumed, with 50% electing spouse coverage.
- 57 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 56 -
13. OTHER POSTEMPLOYMENT BENEFITS (Continued)
f. Changes in the Total OPEB Liability
Total OPEB
Liability
BALANCES AT MAY 1, 2018 $ 1,390,916
Changes for the period
Service cost 26,190
Interest 49,905
Difference between expected
and actual experience (221,712)
Changes in benefit terms -
Changes in assumptions 175,872
Benefit payments (32,258)
Other changes 36,382
Net changes 34,379
BALANCES AT APRIL 30, 2019 $ 1,425,295
There were changes in assumptions related to the discount rate and health care trend
rate, in addition the decrements were changed to those in the most recent IMRF and
the Police Pension Fund pension plan valuation reports.
g. Rate Sensitivity
The following is a sensitivity analysis of the total OPEB liability to changes in the
discount rate and the healthcare cost trend rate. The table below presents the total
OPEB liability of the Village calculated using the discount rate of 3.21% as well as
what the Village total OPEB liability would be if it were calculated using a discount
rate that is 1 percentage point lower (2.21%) or 1 percentage point higher (4.21%)
than the current rate:
1% Decrease
Current
Discount Rate
1% Increase
(2.21%) (3.21%) (4.21%)
Total OPEB liability $ 1,708,227 $ 1,425,295 $ 1,207,707
- 58 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 57 -
13. OTHER POSTEMPLOYMENT BENEFITS (Continued)
g. Rate Sensitivity (Continued)
The table below presents the total OPEB liability of the Village calculated using the
healthcare rate of 0.96% to 4.95% as well as what the Village’s total OPEB liability
would be if it were calculated using a healthcare rate that is 1 percentage point lower
((0.04)% to 3.95%) or 1 percentage point higher (1.96% to 5.95%) than the current
rate:
1% Decrease
Current
Healthcare
Rate
1% Increase
((0.04)% to
3.95%)
(0.96% to
4.95%)
(1.96% to
5.95%)
Total OPEB liability $ 1,192,857 $ 1,425,295 $ 1,723,792
h. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of
Resources Related to OPEB
For the year ended April 30, 2019, the Village recognized OPEB expense of $76,116.
At April 30, 2019, the Village reported deferred outflows of resources and deferred
inflows of resources related to OPEB from the following sources:
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between expected and
actual experience $ 249,295 $ 422,378
Changes in assumptions 347,034 175,666
TOTAL $ 596,329 $ 598,044
- 59 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS (Continued)
- 58 -
13. OTHER POSTEMPLOYMENT BENEFITS (Continued)
h. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of
Resources Related to OPEB (Continued)
Amounts reported as deferred outflows of resources and deferred inflows of
resources will be recognized in OPEB expense as follows:
Year Ending
April 30,
2020 $ 21
2021 21
2022 21
2023 21
2024 21
Thereafter (1,820)
TOTAL $ (1,715)
- 60 -
REQUIRED SUPPLEMENTARY INFORMATION
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
REVENUES
Taxes 7,118,180$ 7,118,180$ 7,102,335$
Licenses and permits 1,103,200 1,103,200 1,318,572
Intergovernmental 10,185,750 10,185,750 10,969,600
Charges for services 5,793,200 5,793,200 5,788,953
Fines and forfeits 725,500 725,500 614,013
Investment income 80,000 80,000 271,584
Miscellaneous 124,000 124,000 413,537
Total revenues 25,129,830 25,129,830 26,478,594
EXPENDITURES
Current
General government 4,469,946 4,469,946 4,309,841
Public safety 12,771,955 12,771,955 12,633,395
Highways and streets 7,764,929 7,764,929 7,944,620
Total expenditures 25,006,830 25,006,830 24,887,856
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 123,000 123,000 1,590,738
OTHER FINANCING SOURCES (USES)
Transfers in 225,000 225,000 25,000
Transfers (out)(350,000) (350,000) (1,359,212)
Sale of capital assets 2,000 2,000 -
Total other financing sources (uses)(123,000) (123,000) (1,334,212)
NET CHANGE IN FUND BALANCE -$ -$ 256,526
FUND BALANCE, MAY 1 11,652,043
FUND BALANCE, APRIL 30 11,908,569$
(See independent auditor's report.)
- 61 -
FISCAL YEAR ENDED APRIL 30,2016 2017 2018 2019
Actuarially determined contribution 632,404$ 651,811$ 683,524$ 673,301$
Contributions in relation to the actuarially
determined contribution 632,404 651,811 683,524 673,301
CONTRIBUTION DEFICIENCY (Excess)-$ -$ -$ -$
Covered payroll 5,619,601$ 5,820,182$ 6,159,861$ 6,335,963$
Contributions as a percentage of
covered payroll 11.25%11.20%11.10%10.63%
Notes to Required Supplementary Information
Ultimately,this schedule should present information for the last ten years.However,until ten years of
information can be compiled, information will be presented for as many years as is available.
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF EMPLOYER CONTRIBUTIONS
ILLINOIS MUNICIPAL RETIREMENT FUND
Last Four Fiscal Years
The information presented was determined as part of the actuarial valuation as of January 1 of the prior
calendar year.Additional information as of the latest actuarial valuation presented is as follows:the actuarial
cost method was aggregate entry-age normal;the amortization method was level percentage of payroll,closed;
the amortization period was 25 years,closed until the remaining period reaches 15 years (then a 15-year rolling
period);the asset valuation method was five-year smoothed market with a 20.00%corridor;and the significant
actuarial assumptions were wage growth at 3.50%,price inflation at 2.75%,salary increases of 3.75%to
14.50%, including inflation, and an investment rate of return at 7.50% annually.
(See independent auditor's report.)
- 62 -
FISCAL YEAR ENDED APRIL 30,2011 2012 2013 2014 2015 2016 2017 2018 2019
Actuarially determined contribution 845,701$ 806,757$ 808,308$ 808,112$ 935,192$ 902,596$ 1,099,147$ 1,295,962$ 1,246,616$
Contributions in relation to the actuarially
determined contribution 704,076 897,431 888,578 886,519 898,172 948,549 1,101,142 1,364,479 1,402,674
CONTRIBUTION DEFICIENCY (Excess)141,625$ (90,674)$ (80,270)$ (78,407)$ 37,020$ (45,953)$ (1,995)$ (68,517)$ (156,058)$
Covered payroll 4,173,528$ 4,375,606$ 4,563,700$ 4,732,754$ 4,814,515$ 5,093,977$ 5,249,845$ 5,525,220$ 5,827,563$
Contributions as a percentage of
covered payroll 16.87%20.51%19.47%18.73%18.66%18.62%20.97%24.70%24.07%
Notes to Required Supplementary Information
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information will be presented for as many years as is
available.
The information presented was determined as part of the actuarial valuations as of the beginning of the prior fiscal year.Additional information as of the latest actuarial valuation presented
is as follows:the actuarial cost method was entry age normal;the amortization method was level percent of pay,closed,and the amortization period was 22 years;the asset valuation method
was at market value;and the significant actuarial assumptions were an investment rate of return at 6.75%annually,projected salary increases assumption of 3.50%to 11.00%compounded
annually, and inflation of 2.50% compounded annually.
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF EMPLOYER CONTRIBUTIONS
POLICE PENSION FUND
Last Nine Fiscal Years
(See independent auditor's report.)
- 63 -
MEASUREMENT DATE DECEMBER 31,2015 2016 2017 2018
TOTAL PENSION LIABILITY
Service cost 655,050$ 653,238$ 667,207$ 621,641$
Interest 1,440,465 1,549,109 1,691,702 1,765,752
Differences between expected and actual experience (198,500) 173,858 7,116 159,846
Changes of assumptions 30,956 (66,399) (765,062) 882,365
Benefit payments, including refunds of member contributions (485,137) (412,666) (528,884) (652,817)
Net change in total pension liability 1,442,834 1,897,140 1,072,079 2,776,787
Total pension liability - beginning 19,146,890 20,589,724 22,486,864 23,558,943
TOTAL PENSION LIABILITY - ENDING 20,589,724$ 22,486,864$ 23,558,943$ 26,335,730$
PLAN FIDUCIARY NET POSITION
Contributions - employer 637,826$ 669,937$ 669,286$ 703,864$
Contributions - member 253,640 267,974 271,577 297,890
Net investment income 85,777 1,184,782 3,015,203 (914,219)
Benefit payments, including refunds of member contributions (485,137) (412,666) (528,884) (652,817)
Administrative expense/other (466,427) 5,449 (203,705) 329,608
Net change in plan fiduciary net position 25,679 1,715,476 3,223,477 (235,674)
Plan fiduciary net position - beginning 16,952,168 16,977,847 18,693,323 21,916,800
PLAN FIDUCIARY NET POSITION - ENDING 16,977,847$ 18,693,323$ 21,916,800$ 21,681,126$
EMPLOYER'S NET PENSION LIABILITY 3,611,877$ 3,793,541$ 1,642,143$ 4,654,604$
Plan fiduciary net position
as a percentage of the total pension liability 82.46%83.13%93.03%82.33%
Covered payroll 5,619,601$ 5,954,999$ 6,035,047$ 6,335,404$
Employer's net pension liability
as a percentage of covered payroll 64.30%63.70%27.20%73.50%
Notes to Required Supplementary Information
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,
information will be presented for as many years as is available.
There was a change in the actuarial assumptions for the discount rate in 2015 and 2016.
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF CHANGES IN THE EMPLOYER'S
NET PENSION LIABILITY AND RELATED RATIOS
ILLINOIS MUNICIPAL RETIREMENT FUND
Last Four Fiscal Years
Changes in assumptions related to price inflation, salary increases, retirement age, and mortality rates were made in 2017.
Changes in assumptions related to the discount rate were made in 2018.
(See independent auditor's report.)
- 64 -
MEASUREMENT DATE APRIL 30,2015 2016 2017 2018 2019
TOTAL PENSION LIABILITY
Service cost 1,098,445$ 1,194,830$ 1,290,807$ 1,273,722$ 1,313,637$
Interest 2,039,130 2,374,855 2,718,699 2,879,343 3,076,159
Changes of benefit terms - - - - -
Differences between expected and actual experience (319,230) (220,856) (469,897) (549,216) (4,863,845)
Changes of assumptions 2,082,221 1,674,600 (928,943) 1,138,995 1,585,849
Benefit payments, including refunds of member contributions (413,533) (434,932) (442,742) (494,765) (510,423)
Net change in total pension liability 4,487,033 4,588,497 2,167,924 4,248,079 601,377
Total pension liability - beginning 27,395,166 31,882,199 36,470,696 38,638,620 42,886,699
TOTAL PENSION LIABILITY - ENDING 31,882,199$ 36,470,696$ 38,638,620$ 42,886,699$ 43,488,076$
PLAN FIDUCIARY NET POSITION
Contributions - employer 898,172$ 948,599$ 1,101,142$ 1,364,479$ 1,402,674$
Contributions - member 522,107 490,958 509,526 524,835 555,362
Net investment income 1,466,441 (72,695) 2,276,889 2,098,694 1,688,922
Benefit payments, including refunds of member contributions (413,533) (434,932) (442,742) (494,765) (510,423)
Administrative expense (33,752) (32,827) (41,812) (42,745) (49,718)
Net change in plan fiduciary net position 2,439,435 899,103 3,403,003 3,450,498 3,086,817
Plan fiduciary net position - beginning 21,386,315 23,825,750 24,724,853 28,127,856 31,578,354
PLAN FIDUCIARY NET POSITION - ENDING 23,825,750$ 24,724,853$ 28,127,856$ 31,578,354$ 34,665,171$
EMPLOYER'S NET PENSION LIABILITY 8,056,449$ 11,745,843$ 10,510,764$ 11,308,345$ 8,822,905$
Plan fiduciary net position
as a percentage of the total pension liability 74.73%67.79%72.80%73.63%79.71%
Covered payroll 4,814,515$ 5,093,977$ 5,249,845$ 5,525,220$ 5,827,563$
Employer's net pension liability
as a percentage of covered payroll 167.34%230.58%200.21%204.67%151.40%
Notes to Required Supplementary Information
There was a change with respect to actuarial assumptions in 2017 to reflect revised expectations with respect to mortality rates.
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information will
be presented for as many years as is available.
There was a change with respect to actuarial assumptions in 2015 and 2016 to reflect revised expectations with respect to mortality rates,disability
rates, turnover rates, and retirement rates.
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF CHANGES IN THE EMPLOYER'S
NET PENSION LIABILITY AND RELATED RATIOS
POLICE PENSION FUND
Last Five Fiscal Years
There was a change with respect to actuarial assumptions in 2018 to reflect revised expectations with respect to mortality rate and the new Department
of Insurance assumptions reported in the GRS Experience Study released in 2017. The discount rate was also changed in 2018.
There was a change with respect to actuarial assumptions in 2019 to reflect revised expectations with respect to mortality rates.
(See independent auditor's report.)
- 65 -
MEASUREMENT DATE APRIL 30,2018 2019
TOTAL OPEB LIABILITY
Service cost 20,960$ 26,190$
Interest 48,256 49,905
Changes of benefit terms - -
Differences between expected and actual experience (293,399) (221,712)
Changes of assumptions 302,198 175,872
Benefit payments (32,954) (32,258)
Other changes - 36,381
Net change in total OPEB liability 45,061 34,378
Total OPEB liability - beginning 1,345,855 1,390,916
TOTAL OPEB LIABILITY - ENDING 1,390,916$ 1,425,294$
Covered payroll 10,735,898$ 11,381,178$
Employer's total OPEB liability
as a percentage of covered payroll 12.96%12.52%
Notes to Required Supplementary Information
No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75.
Last Two Fiscal Years
Ultimately,this schedule should present information for the last ten years.However,until ten years
of information can be compiled, information will be presented for as many years as is available.
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF CHANGES IN THE EMPLOYER'S
TOTAL OPEB LIABILITY AND RELATED RATIOS
OTHER POSTEMPLOYMENT BENEFIT PLAN
There were changes in assumptions related to the discount rate and health care trend rate in 2019.
In addition,the decrements were changed to those in the most recent IMRF and Plainfield Police
Pension Fund pension plan actuarial valuation reports.
There were changes in assumptions related to the discount rate and health care trend rate in 2018.
In addition,the decrements were changed to those in the most recent IMRF and Plainfield Police
Pension Fund pension plan actuarial valuation reports.
(See independent auditor's report.)
- 66 -
FISCAL YEAR ENDED APRIL 30,2015 2016 2017 2018 2019
Annual money-weighted rate of return,6.64%(0.29%)8.93%7.21%5.18%
net of investment expense
Notes to Required Supplementary Information
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF INVESTMENT RETURNS
POLICE PENSION FUND
Last Five Fiscal Years
Ultimately,this schedule should present information for the last ten years.However,until ten years of information
can be compiled, information will be presented for as many years as is available.
(See independent auditor's report.)
- 67 -
- 47 -
VILLAGE OF PLAINFIELD, ILLINOIS
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
April 30, 2019
1. BUDGETS
Budgets are adopted on a basis consistent with GAAP. Annual appropriated budgets are
adopted (at the fund level) for the General, Special Revenue (except for the Route 30 TIF
Fund), Debt Service, Capital Projects, Enterprise, and Police Pension Trust Funds. The
annual appropriated budget is legally enacted and provides for a legal level of control at
the fund level. All annual appropriations lapse at fiscal year end.
The Village follows these procedures in establishing the budgetary data reflected in the
financial statements.
a. Prior to May 1, the Budget Officer submits to the Village Board of Trustees a
proposed operating budget for the fiscal year commencing the following May 1. The
operating budget includes proposed expenditures and the means of financing them.
b. Public hearings are conducted to obtain taxpayer comment.
c. Prior to May 1, the budget is legally enacted through passage of a budget ordinance.
d. The Budget Officer is authorized to transfer budgeted amounts between departments
within any fund; however, the Village Board of Trustees approves any revisions that
alter the total expenditures of any fund. The budgetary information presented in the
accompanying financial statements is the legally enacted budget ordinance adjusted
for the approved revisions.
2. EXPENDITURES OVER BUDGET OF INDIVIDUAL FUNDS
The following funds had expenditures that exceeded budget:
Fund Budget Expenditures
Water and Sewer $ 14,779,943 $ 15,147,805
Police Pension 656,300 666,597
- 68 -
COMBINING AND INDIVIDUAL FUND FINANCIAL
STATEMENTS AND SCHEDULES
MAJOR GOVERNMENTAL FUNDS
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES - BUDGET AND ACTUAL
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
TAXES
Property taxes 3,739,680$ 3,739,680$ 3,607,982$
Property tax - police pension 1,370,000 1,370,000 1,402,475
Property taxes - road and bridge 375,000 375,000 377,733
Property taxes - IMRF 525,000 525,000 541,139
Personal property replacement tax 50,000 50,000 48,665
Hotel/motel tax 1,500 1,500 1,097
Amusement tax 7,000 7,000 7,168
Local motor fuel tax 1,050,000 1,050,000 1,116,076
Total taxes 7,118,180 7,118,180 7,102,335
LICENSES AND PERMITS
Licenses
Liquor 100,000 100,000 103,150
Contractors 45,000 45,000 44,400
Cigarette 6,000 6,000 8,000
Scavenger 200 200 100
Business 40,000 40,000 41,438
Total licenses 191,200 191,200 197,088
Permits
Building 900,000 900,000 1,087,619
Sign 5,000 5,000 3,895
Special movement 6,000 6,000 26,540
Solicitors 1,000 1,000 3,430
Total permits 912,000 912,000 1,121,484
Total licenses and permits 1,103,200 1,103,200 1,318,572
INTERGOVERNMENTAL
Grant revenue 35,750 35,750 147,993
Sales tax 5,575,000 5,575,000 5,754,207
Use tax 975,000 975,000 1,224,521
Income tax 3,600,000 3,600,000 3,842,879
Total intergovernmental 10,185,750 10,185,750 10,969,600
CHARGES FOR SERVICES
Rental income 49,200 49,200 49,200
Zoning applications 10,000 10,000 37,634
Accident report copies 4,500 4,500 5,969
Maps and ordinances copies 2,000 2,000 2,512
Garbage fees 4,374,000 4,374,000 4,376,180
Engineering services 20,000 20,000 -
(This schedule is continued on the following page.)
- 69 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
CHARGES FOR SERVICES (Continued)
Special detail reimbursement 50,000$ 50,000$ 117,965$
Tower rent 45,000 45,000 42,910
Telephone franchise fee 200,000 200,000 126,384
Cable franchise fee 530,000 530,000 531,970
Amphitheater rent 500 500 250
School liaison reimbursement 460,000 460,000 441,774
HIDTA/organized crime reimbursement 15,000 15,000 10,306
Community room rental 4,000 4,000 3,740
Sex offenders registration - - 830
Parking lot revenues 4,000 4,000 8,566
Impound fees 25,000 25,000 32,763
Total charges for services 5,793,200 5,793,200 5,788,953
FINES AND FORFEITS
Will County Circuit Court fines 350,000 350,000 353,322
Kendall County Circuit Court fines 1,500 1,500 2,213
Traffic and ordinance fines 130,000 130,000 179,769
Drug forfeiture 225,000 225,000 43,815
False alarm fees 3,000 3,000 650
Administrative fines - late fees 10,000 10,000 9,020
Asset seizure - federal (Department of Justice equitable sharing)5,000 5,000 22,888
Asset seizure - federal (U.S. Treasury equitable sharing)1,000 1,000 -
Court fines - drug account - - 2,336
Total fines and forfeits 725,500 725,500 614,013
INVESTMENT INCOME 80,000 80,000 271,584
MISCELLANEOUS
Other reimbursements 80,000 80,000 99,015
Other receipts 25,000 25,000 49,185
Other miscellaneous - - 238,525
PEMA donation - - 4,000
Miscellaneous donations 15,000 15,000 17,083
Event sponsorship program 4,000 4,000 5,729
Total miscellaneous 124,000 124,000 413,537
TOTAL REVENUES 25,129,830$ 25,129,830$ 26,478,594$
(See independent auditor's report.)
- 70 -
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
GENERAL GOVERNMENT
Legislative 410,230$ 410,230$ 406,348$
Administration 1,100,000 1,100,000 1,082,711
Community relations 176,650 176,650 167,722
Facility management 168,600 168,600 139,631
Human resources 281,000 281,000 269,892
Information technology 716,741 716,741 709,406
Planning 595,950 595,950 593,847
Building 1,020,775 1,020,775 964,166
Subtotal 4,469,946 4,469,946 4,333,723
Insurance allocation - - (23,882)
Total general government 4,469,946 4,469,946 4,309,841
PUBLIC SAFETY
Police department
Executive 598,944 598,944 568,614
Police operations 7,990,899 7,990,899 8,046,948
Police administration 1,612,969 1,612,969 1,526,159
Police records 385,407 385,407 378,069
Seizure/forfeiture 225,000 225,000 123,515
Police special activities 36,000 36,000 83,618
Community services 1,326,880 1,326,880 1,326,838
Court services 279,685 279,685 267,242
Nondivisional 170,000 170,000 284,720
Total police department 12,625,784 12,625,784 12,605,723
Police commission 20,521 20,521 7,250
PEMA 125,650 125,650 73,480
Subtotal 12,771,955 12,771,955 12,686,453
Insurance allocation - - (53,058)
Total public safety 12,771,955 12,771,955 12,633,395
VILLAGE OF PLAINFIELD, ILLINOIS
(This schedule is continued on the following page.)
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VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
HIGHWAYS AND STREETS
Waste hauler 3,940,079$ 3,940,079$ 3,982,891$
Administration 585,950 585,950 567,577
Street maintenance 2,782,000 2,782,000 3,007,586
Vehicle maintenance 294,600 294,600 264,167
Forestry 162,300 162,300 139,160
Subtotal 7,764,929 7,764,929 7,961,381
Insurance allocation - - (16,761)
Total highways and streets 7,764,929 7,764,929 7,944,620
TOTAL EXPENDITURES 25,006,830$ 25,006,830$ 24,887,856$
(See independent auditor's report.)
- 72 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
GENERAL GOVERNMENT
Legislative
Salaries - President 24,000$ 24,000$ 24,000$
Salaries - Elected Officials 25,000 25,000 23,800
Salaries - Liquor Commission 1,500 1,500 1,500
Salaries - Village Treasurer 2,500 2,500 2,500
FICA 3,300 3,300 3,037
Medicare 780 780 710
Employee insurance 150 150 139
Travel/training 10,000 10,000 4,393
Replacement equipment 3,000 3,000 -
Dues and subscriptions 40,000 40,000 56,001
Public relations 115,000 115,000 100,472
Cable TV 10,000 10,000 -
Economic incentive rebate 175,000 175,000 189,796
Total legislative 410,230 410,230 406,348
Administration
Salaries - full-time 745,000 745,000 744,712
Salaries - part-time 50,000 50,000 53,127
Salaries - overtime 1,800 1,800 878
FICA 48,800 48,800 45,116
Medicare 11,400 11,400 11,560
IMRF 86,500 86,500 84,813
Employee insurance 119,000 119,000 103,736
Deferred compensation contribution 28,000 28,000 23,458
Travel/training 15,000 15,000 12,055
Unemployment insurance 5,000 5,000 4,043
Telephone/internet 5,000 5,000 6,346
Cellular phones/pagers 3,000 3,000 2,145
Dues and subscriptions 5,000 5,000 3,716
Office supplies/postage 30,000 30,000 32,003
Gas, oil, wash, and mileage 9,500 9,500 8,919
Maintenance contract/lease 8,000 8,000 8,719
Recording fees 1,500 1,500 1,579
Legal notices 2,500 2,500 2,328
Attorney legal fees 45,000 45,000 48,478
Contractual services 80,000 80,000 95,536
Office furniture and equipment 5,000 5,000 1,748
Contingencies 45,000 45,000 37,696
Subtotal administration 1,350,000 1,350,000 1,332,711
Less water and sewer reimbursement (250,000) (250,000) (250,000)
Total administration 1,100,000 1,100,000 1,082,711
(This schedule is continued on the following pages.)
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VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
GENERAL GOVERNMENT (Continued)
Community relations
Salaries - full-time 103,000$ 103,000$ 102,252$
FICA 6,400 6,400 5,901
Medicare 1,500 1,500 1,380
IMRF 11,700 11,700 11,010
Employee insurance 22,500 22,500 21,094
Deferred compensation contribution 4,000 4,000 3,656
Travel/training 1,500 1,500 251
Telephone/internet 500 500 635
Public relations 12,000 12,000 10,799
Office supplies/postage 700 700 -
Dues and subscriptions 750 750 530
Gas, oil, wash, and mileage 100 100 -
Marketing and promotion 2,250 2,250 173
Settler's Park 7,500 7,500 6,191
Contractual services 2,250 2,250 3,850
Total community relations 176,650 176,650 167,722
Facility management
Salaries - full-time 51,000 51,000 50,139
Salaries - overtime 2,500 2,500 4,226
FICA 3,400 3,400 3,227
Medicare 800 800 755
IMRF 5,900 5,900 5,766
Building maintenance supplies 10,000 10,000 10,387
Deferred compensation contribution - - 777
Contractual services 40,000 40,000 43,067
Employee insurance 15,000 15,000 15,300
Building improvements 40,000 40,000 5,987
Total facility management 168,600 168,600 139,631
Human resources
Salaries - full-time 167,000 167,000 166,248
Salaries - overtime 500 500 50
FICA 10,500 10,500 9,972
Medicare 2,500 2,500 2,332
IMRF 19,000 19,000 17,738
Employee insurance 40,000 40,000 38,063
Deferred compensation contribution 7,000 7,000 6,580
Travel/training 6,500 6,500 8,688
Telephone/internet 1,000 1,000 1,269
Cellular telephone/pager 600 600 667
Office supplies/postage 1,500 1,500 518
Dues and subscriptions 3,200 3,200 7,804
Gas, oil, wash, and mileage 1,400 1,400 341
(This schedule is continued on the following pages.)
- 74 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
GENERAL GOVERNMENT (Continued)
Human resources (Continued)
Public relations 12,300$ 12,300$ 4,149$
Contractual services 8,000 8,000 5,473
Total human resources 281,000 281,000 269,892
Information technology
Salaries - full-time 247,000 247,000 245,653
Salaries - overtime 500 500 -
FICA 15,500 15,500 15,004
Medicare 2,600 2,600 3,509
IMRF 28,000 28,000 26,162
Employee insurance 46,000 46,000 42,083
Deferred compensation contribution 9,500 9,500 6,926
Travel/training 14,500 14,500 12,046
Telephone/internet 500 500 669
Cellular telephone/pagers 2,966 2,966 2,657
Office supplies/postage 1,400 1,400 1,869
Dues and subscriptions 700 700 675
Gas, oil, wash, and mileage 400 400 340
Uniforms/clothing 300 300 368
Software licensing/renewals 252,375 252,375 256,683
Software 55,200 55,200 55,355
Contractual services 19,300 19,300 16,611
Computers 20,000 20,000 22,796
Total information technology 716,741 716,741 709,406
Planning
Salaries - full-time 355,000 355,000 343,839
Compensation - plan commission 3,500 3,500 2,845
Salaries - overtime 2,500 2,500 1,138
FICA 22,300 22,300 21,162
Medicare 5,200 5,200 4,949
IMRF 39,000 39,000 37,019
Employee insurance 78,500 78,500 76,347
Deferred compensation contribution 8,500 8,500 5,420
Travel/training 7,000 7,000 8,341
Unemployment insurance 900 900 878
Telephone/internet 3,000 3,000 3,173
Cellular phones/pagers 1,800 1,800 973
Office supplies/postage 11,000 11,000 22,702
Dues and subscriptions 4,000 4,000 3,776
Gas, oil, wash, and mileage 750 750 250
Maintenance contract/lease 3,500 3,500 550
Vehicle maintenance 1,500 1,500 -
Legal fees 5,000 5,000 4,199
Special projects/programs 15,000 15,000 9,925
(This schedule is continued on the following pages.)
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VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
GENERAL GOVERNMENT (Continued)
Planning (Continued)
Contractual services 20,000$ 20,000$ 30,913$
Engineer fees 8,000 8,000 15,450
Total planning 595,950 595,950 593,847
Building
Salaries - full-time 645,000 645,000 642,943
Salaries - overtime 3,000 3,000 2,561
FICA 40,175 40,175 38,083
Medicare 9,400 9,400 8,906
IMRF 71,300 71,300 67,963
Employee insurance 183,000 183,000 152,094
Deferred compensation contribution 10,000 10,000 16,344
Travel/training 10,000 10,000 11,188
Unemployment insurance 1,500 1,500 1,477
Telephone/internet 1,000 1,000 811
Cellular phones/pagers 4,500 4,500 3,811
Office supplies/postage 13,000 13,000 6,265
Dues and subscriptions 4,000 4,000 675
Gas, oil, wash, and mileage 1,000 1,000 57
Uniforms/clothing 900 900 492
Recording fees 3,000 3,000 1,079
Contractual services 20,000 20,000 9,417
Total building 1,020,775 1,020,775 964,166
Subtotal 4,469,946 4,469,946 4,333,723
Insurance allocation - - (23,882)
Total general government 4,469,946 4,469,946 4,309,841
PUBLIC SAFETY
Police department
Executive
Salaries - full-time 316,160 316,160 309,660
Salaries - part-time 32,364 32,364 34,245
Salaries - overtime 1,000 1,000 361
FICA 21,794 21,794 20,055
Medicare 5,105 5,105 4,773
IMRF 24,333 24,333 21,272
Employee insurance 69,226 69,226 63,618
Deferred compensation contribution 8,000 8,000 6,068
Travel/training 6,000 6,000 4,058
Education/school 3,000 3,000 -
Unemployment insurance 20,000 20,000 18,634
Telephone/internet 1,300 1,300 1,741
(This schedule is continued on the following pages.)
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VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
PUBLIC SAFETY (Continued)
Police department (Continued)
Executive (Continued)
Cellular phones/pagers 672$ 672$ 748$
Office supplies/postage 8,000 8,000 4,680
Replacement supplies 1,500 1,500 907
Dues and subscriptions 4,500 4,500 2,967
Gas, oil, wash, and mileage 1,500 1,500 1,178
Uniforms/clothing 1,800 1,800 1,871
Maintenance contract/lease 7,190 7,190 7,385
Custodian 55,000 55,000 58,936
Vehicle equipment maintenance 2,500 2,500 2,115
Contractual services 8,000 8,000 3,002
Sex offender's registration fee - - 340
Total executive 598,944 598,944 568,614
Police operations
Salaries - full-time 3,880,842 3,880,842 3,972,682
Salaries - part-time 275,000 275,000 245,263
Salaries - overtime 350,000 350,000 306,702
FICA 279,350 279,350 271,691
Medicare 65,350 65,350 64,010
IMRF 53,500 53,500 41,580
Police pension contribution 1,370,000 1,370,000 1,402,475
Employee insurance 645,885 645,885 615,423
Deferred compensation contribution 95,000 95,000 122,332
Travel/training 48,000 48,000 32,232
Telephone/insurance 27,180 27,180 29,305
Cellular phones/pagers 5,500 5,500 5,365
Office supplies/postage 13,500 13,500 14,553
Replacement supplies 18,000 18,000 18,178
Dues and subscriptions 3,400 3,400 1,124
Gas, oil, wash, and mileage 80,000 80,000 91,570
Uniforms/clothing 38,000 38,000 37,983
Traffic programs 23,000 23,000 20,302
Ammunition/weapons 28,000 28,000 32,521
Radio maintenance 2,000 2,000 955
Maintenance contracts/lease 11,392 11,392 15,656
Bike unit 2,000 2,000 825
Vehicle maintenance 50,000 50,000 78,393
K-9 Unit 4,000 4,000 4,655
Animal control 14,000 14,000 4,440
Contractual services 15,000 15,000 13,887
Contractual services - WESCOM 593,000 593,000 602,845
Total police operations 7,990,899 7,990,899 8,046,948
(This schedule is continued on the following pages.)
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VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
PUBLIC SAFETY (Continued)
Police department (Continued)
Police administration
Salaries - full-time 1,073,460$ 1,073,460$ 1,042,705$
Salaries - overtime 100,000 100,000 79,262
FICA 73,561 73,561 68,145
Medicare 17,204 17,204 15,999
IMRF - - 6,774
Employee insurance 187,774 187,774 177,746
Deferred compensation contribution 45,000 45,000 39,548
Travel/training 15,600 15,600 10,445
Telephone/internet 1,500 1,500 2,238
Cellular phones/pagers 9,800 9,800 11,609
Office supplies/postage 5,500 5,500 2,488
Replacement supplies 5,000 5,000 893
Dues and subscriptions 4,070 4,070 5,050
Gas, oil, wash, and mileage 25,000 25,000 16,974
Uniforms/clothing 7,400 7,400 7,199
Crime scene/evidence tech support 10,000 10,000 7,851
Community programs - explorer program 5,000 5,000 6,471
Radio maintenance 500 500 -
Maintenance contract/lease 5,000 5,000 3,735
Vehicle maintenance 15,000 15,000 14,102
Background check services 2,500 2,500 2,330
Accreditation 4,100 4,100 4,595
Total police administration 1,612,969 1,612,969 1,526,159
Police records
Salaries - full-time 220,344 220,344 216,142
Salaries - part-time 35,426 35,426 27,636
Salaries - overtime 6,000 6,000 6,235
FICA 16,230 16,230 15,877
Medicare 3,796 3,796 3,713
IMRF 23,879 23,879 26,816
Employee insurance 49,097 49,097 56,492
Deferred compensation contribution 10,000 10,000 8,966
Travel/training 2,750 2,750 2,136
Telephone/internet 1,500 1,500 2,238
Office supplies/postage 10,000 10,000 8,624
Dues and subscriptions 425 425 15
Uniforms/clothing 1,500 1,500 1,019
Maintenance contracts/lease 4,460 4,460 2,160
Total police records 385,407 385,407 378,069
Seizure/forfeiture
Seizure/forfeiture expenditures 225,000 225,000 123,515
(This schedule is continued on the following pages.)
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VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
PUBLIC SAFETY (Continued)
Police department (Continued)
Police special activities
FICA 2,016$ 2,016$ 4,927$
Medicare 471 471 1,169
Mobile field force 1,000 1,000 -
Salaries - special activities 32,513 32,513 77,522
Total police special activities 36,000 36,000 83,618
Community services
Salaries - full-time 920,203 920,203 909,075
Salaries - part-time - - 203
Salaries - overtime 30,000 30,000 46,408
FICA 58,913 58,913 57,350
Medicare 13,778 13,778 13,508
IMRF 6,445 6,445 5,514
Employee insurance 169,861 169,861 164,841
Deferred compensation contribution 10,000 10,000 26,999
Travel/training 14,000 14,000 12,670
Telephone/internet 2,000 2,000 2,238
Cellular phones/pagers 3,000 3,000 2,709
Office supplies/postage 3,100 3,100 2,661
Replacement supplies 4,100 4,100 931
Dues and subscriptions 1,900 1,900 1,319
Gas, oil, wash, and mileage 16,000 16,000 9,783
Uniform/clothing 5,100 5,100 4,443
Radio maintenance 25,800 25,800 25,962
Maintenance contracts/lease 2,180 2,180 -
Vehicle maintenance 15,000 15,000 16,321
D.A.R.E program 5,000 5,000 4,159
Shop with a cop 10,000 10,000 13,600
Chaplaincy program 3,000 3,000 1,097
Community programs 5,000 5,000 4,895
Community programs - alcohol/tobacco 2,500 2,500 152
Total community services 1,326,880 1,326,880 1,326,838
Court services
Salaries - full-time 131,451 131,451 129,880
Salaries - part-time 24,252 24,252 25,268
Salaries - overtime 1,000 1,000 100
FICA 9,716 9,716 9,283
Medicare 2,272 2,272 2,171
IMRF 18,000 18,000 16,579
Employee insurance 41,474 41,474 40,436
Deferred compensation contribution 5,500 5,500 4,879
Travel/training 3,000 3,000 2,252
Telephone/internet 1,500 1,500 1,741
(This schedule is continued on the following pages.)
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VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
PUBLIC SAFETY (Continued)
Police department (Continued)
Court services (Continued)
Office supplies/postage 10,000$ 10,000$ 8,300$
Dues and subscriptions 9,000 9,000 9,808
Uniforms/clothing 600 600 809
Maintenance contract/lease 1,920 1,920 1,920
Legal fees 20,000 20,000 13,816
Total court services 279,685 279,685 267,242
Nondivisional
Office furniture and equipment 8,000 8,000 4,590
Capital equipment 150,000 150,000 262,011
Contingencies 12,000 12,000 18,119
Total nondivisional 170,000 170,000 284,720
Total police department 12,625,784 12,625,784 12,605,723
Police commission
Salaries - part-time 5,500 5,500 2,101
FICA 341 341 118
Medicare 80 80 28
Travel/training 1,000 1,000 138
Office supplies/postage 2,000 2,000 412
Dues and subscriptions 600 600 375
Legal fees 1,000 1,000 -
Police test/hiring 10,000 10,000 4,078
Total police commission 20,521 20,521 7,250
PEMA
Travel/training 4,000 4,000 1,377
Telephone/internet 6,000 6,000 6,590
Office supplies 1,000 1,000 739
Cellular phones/pager 5,200 5,200 2,117
Replacement supplies 8,000 8,000 2,215
Dues and subscriptions 4,000 4,000 3,153
Gas, oil, wash, and mileage 10,000 10,000 4,461
Supplies and hardware 1,000 1,000 1,245
Uniforms/clothing 5,000 5,000 2,094
Emergency operation center 1,000 1,000 933
Public relations 2,000 2,000 524
Disaster plan/exercises/NIMS 3,000 3,000 216
Radio maintenance 15,000 15,000 10,939
Building maintenance 5,000 5,000 1,059
Vehicle maintenance 15,000 15,000 17,620
Maintenance contract/lease 1,200 1,200 1,269
(This schedule is continued on the following pages.)
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VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
PUBLIC SAFETY (Continued)
PEMA (Continued)
Bike unit 500$ 500$ -$
Siren maintenance 13,000 13,000 10,246
Contractual services 5,250 5,250 194
Cadet program 5,500 5,500 2,001
Search and rescue 4,000 4,000 1,500
Furniture/equipment 2,000 2,000 228
Supplies and hardware - ESDA 1,000 1,000 514
Machinery and equipment 5,000 5,000 1,710
Contingencies 3,000 3,000 536
Total PEMA 125,650 125,650 73,480
Subtotal 12,771,955 12,771,955 12,686,453
Insurance allocation - - (53,058)
Total public safety 12,771,955 12,771,955 12,633,395
HIGHWAYS AND STREETS
Waste hauler
Refuse hauler fees 3,940,079 3,940,079 3,982,891
Total waste hauler 3,940,079 3,940,079 3,982,891
Administration
Salaries - full-time 355,000 355,000 351,002
FICA 22,000 22,000 21,110
Medicare 5,150 5,150 5,062
IMRF 39,000 39,000 37,925
Employee insurance 80,000 80,000 69,871
Deferred compensation contribution 9,500 9,500 9,433
Travel/training 10,000 10,000 12,212
Unemployment insurance 4,000 4,000 4,000
Telephone/internet 25,000 25,000 31,749
Cellular phones/pagers 8,500 8,500 8,948
Office supplies/postage 3,000 3,000 5,237
Dues and subscriptions 3,000 3,000 2,881
Supplies/hardware 500 500 705
Gas, oil, wash, and mileage 300 300 318
Building maintenance 20,000 20,000 7,124
Legal notices 1,000 1,000 -
Total administration 585,950 585,950 567,577
(This schedule is continued on the following pages.)
- 81 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
HIGHWAYS AND STREETS (Continued)
Street maintenance
Salaries - full-time 820,000$ 820,000$ 813,414$
Salaries - part-time 70,000 70,000 71,643
Salaries - overtime 90,000 90,000 134,402
FICA 61,000 61,000 60,326
Medicare 15,000 15,000 14,109
IMRF 94,000 94,000 98,715
Employee insurance 218,000 218,000 199,481
Deferred compensation contribution 25,000 25,000 21,725
Electricity/gas 250,000 250,000 208,957
Gas, oil, wash, and mileage 65,000 65,000 51,796
Supplies/hardware 15,000 15,000 17,352
Street signs maintenance 30,000 30,000 37,318
Aggregate materials 4,000 4,000 2,711
Uniforms/clothing 10,000 10,000 10,428
Radio maintenance 5,000 5,000 3,956
Vehicle maintenance 35,000 35,000 26,194
Street light maintenance 95,000 95,000 94,787
Street maintenance 130,000 130,000 97,537
Storm sewer improvements 10,000 10,000 16,940
Contractual services 115,000 115,000 95,073
Sidewalk maintenance 5,000 5,000 -
Equipment maintenance 90,000 90,000 105,630
Supplies/hardware - salt purchase 280,000 280,000 356,106
Snow removal 250,000 250,000 468,986
Total street maintenance 2,782,000 2,782,000 3,007,586
Vehicle maintenance
Salaries - full-time 200,000 200,000 183,376
Salaries - overtime 8,000 8,000 8,231
FICA 13,000 13,000 11,381
Medicare 3,100 3,100 2,662
IMRF 22,000 22,000 20,495
Employee insurance 41,000 41,000 34,877
Deferred compensation contribution 7,500 7,500 3,145
Total vehicle maintenance 294,600 294,600 264,167
Forestry
Salaries - full-time 80,000 80,000 74,795
Salaries - overtime 6,000 6,000 7,219
FICA 5,500 5,500 5,558
Medicare 1,300 1,300 1,300
IMRF 9,000 9,000 9,785
Employee insurance 19,000 19,000 13,719
Deferred compensation contribution 3,000 3,000 2,253
Supplies/hardware 8,000 8,000 11,557
(This schedule is continued on the following page.)
- 82 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued)
GENERAL FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
HIGHWAYS AND STREETS (Continued)
Forestry (Continued)
Contractual services 10,000$ 10,000$ 1,137$
Tree removal 20,000 20,000 11,765
Uniforms/clothing 500 500 72
Total forestry 162,300 162,300 139,160
Subtotal 7,764,929 7,764,929 7,961,381
Insurance allocation - - (16,761)
Total highways and streets 7,764,929 7,764,929 7,944,620
TOTAL EXPENDITURES 25,006,830$ 25,006,830$ 24,887,856$
(See independent auditor's report.)
- 83 -
CAPITAL PROJECTS FUND
Original Final
Budget Budget Actual
REVENUES
Home rule sales tax 3,500,000$ 3,500,000$ 3,725,422$
Intergovernmental 5,415,000 5,415,000 3,749,178
Charges for services
Impact fee 5,500 5,500 59,935
Fines and forfeits 306,500 306,500 396,073
Investment income 105,000 105,000 287,669
Miscellaneous 5,255,000 5,255,000 3,819,059
Total revenues 14,587,000 14,587,000 12,037,336
EXPENDITURES
Capital outlay
Contractual services 110,000 110,000 92,411
Engineering 100,000 100,000 66,889
Building improvements 200,000 200,000 125,050
Sidewalk and curb replacement 500,000 500,000 15,611
Machinery and equipment - police 225,000 225,000 202,666
Machinery and equipment - public works 325,000 325,000 317,735
Bridge repairs and reconstructions 295,000 295,000 152,933
Roadway improvements 3,620,000 3,620,000 3,876,751
Storm and drainage improvements 40,000 40,000 57,345
I-55 interchange design 200,000 200,000 59,290
PACE Park-n-Ride 5,000,000 5,000,000 3,771,845
Gateway signage 50,000 50,000 -
Emerald ash borer 200,000 200,000 194,312
127th Street-Plainfield/Naperville Rd.2,600,000 2,600,000 15,219
Settler's park campus refresh 90,000 90,000 84,501
Total expenditures 13,555,000 13,555,000 9,032,558
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 1,032,000 1,032,000 3,004,778
OTHER FINANCING SOURCES (USES)
Transfers in 850,000 850,000 1,859,212
Transfers (out)(2,034,750) (2,034,750) (2,018,731)
Sale of capital assets 5,000 5,000 27,725
Total other financing sources (uses)(1,179,750) (1,179,750) (131,794)
NET CHANGE IN FUND BALANCE (147,750)$ (147,750)$ 2,872,984
FUND BALANCE, MAY 1 14,805,542
FUND BALANCE, APRIL 30 17,678,526$
For the Year Ended April 30, 2019
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
(See independent auditor's report.)
- 84 -
Original Final
Budget Budget Actual
REVENUES
Taxes
Property tax 113,600$ 113,600$ 118,114$
Investment income 1,000 1,000 12,402
Total revenues 114,600 114,600 130,516
EXPENDITURES
Debt service
Principal 2,470,000 2,470,000 2,475,000
Interest and fiscal charges 655,150 655,150 650,150
Total expenditures 3,125,150 3,125,150 3,125,150
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (3,010,550) (3,010,550) (2,994,634)
OTHER FINANCING SOURCES (USES)
Transfers in 3,011,550 3,011,550 2,995,531
Total other financing sources (uses)3,011,550 3,011,550 2,995,531
NET CHANGE IN FUND BALANCE 1,000$ 1,000$ 897
FUND BALANCE, MAY 1 2,233
FUND BALANCE, APRIL 30 3,130$
For the Year Ended April 30, 2019
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
DEBT SERVICE FUND
(See independent auditor's report.)
- 85 -
NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue sources that are
restricted or committed to expenditures for specified purposes.
Liability Insurance Fund - accounts for the restricted revenue and expenditures of property
tax levied for the payment of premiums of public liability insurance carried by the Village.
Audit Fund - accounts for the restricted revenue and expenditures of taxes levied for payment
of the cost of the annual audit of the Village’s financial statements.
Alcohol Enforcement Fund - accounts for restricted revenue collected on DUI arrests and
expenditures for the purchase of video cameras to combat drunk driving.
Motor Fuel Tax Fund - accounts for expenditures related to approved motor fuel tax projects
and restricted revenue from the state gasoline tax as collected and distributed by the State of
Illinois.
D.A.R.E. Fund - accounts for the revenue and expenditures of restricted contributions made
to the Drug Abuse Resistance Education (D.A.R.E.) program.
Downtown TIF Fund - accounts for restricted revenue generated by the Downtown TIF
District and expenditures budgeted to be paid with TIF revenue.
Route 30 TIF Fund - accounts for restricted revenue generated by the Route 30 TIF District
and expenditures budgeted to be paid with TIF revenue.
VILLAGE OF PLAINFIELD, ILLINOIS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
April 30, 2019
Liability Alcohol
Insurance Audit Enforcement
ASSETS AND DEFERRED
OUTFLOWS OF RESOURCES
ASSETS
Cash and investments 443,023$ 22,593$ 39,322$
Receivables
Property tax 392,346 35,349 -
Allotments - - -
Other - - 1,725
Total assets 835,369 57,942 41,047
DEFERRED OUTFLOWS OF RESOURCES
None - - -
TOTAL ASSETS AND DEFERRED
OUTFLOWS OF RESOURCES 835,369$ 57,942$ 41,047$
LIABILITIES
Accounts payable 500$ -$ -$
Total liabilities 500 - -
DEFERRED INFLOWS OF RESOURCES
Unavailable property tax revenue 392,346 35,349 -
Total liabilities and deferred inflows of resources 392,846 35,349 -
FUND BALANCES
Restricted
Street maintenance - - -
Public safety - - 41,047
Audit - 22,593 -
Liability insurance 442,523 - -
Economic development - - -
Total fund balances 442,523 22,593 41,047
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES 835,369$ 57,942$ 41,047$
Special Revenue
OF RESOURCES, AND FUND BALANCES
LIABILITIES, DEFERRED INFLOWS
- 86 -
Motor Downtown Route 30
Fuel Tax D.A.R.E.TIF Fund TIF Fund Total
3,429,874$ 18,339$ 375,344$ -$ 4,328,495$
- - 735,269 967 1,163,931
87,611 - - - 87,611
- - - - 1,725
3,517,485 18,339 1,110,613 967 5,581,762
- - - - -
3,517,485$ 18,339$ 1,110,613$ 967$ 5,581,762$
42,759$ 6,099$ 20,307$ -$ 69,665$
42,759 6,099 20,307 - 69,665
- - 735,269 967 1,163,931
42,759 6,099 755,576 967 1,233,596
3,474,726 - - - 3,474,726
- 12,240 - - 53,287
- - - - 22,593
- - - - 442,523
- - 355,037 - 355,037
3,474,726 12,240 355,037 - 4,348,166
3,517,485$ 18,339$ 1,110,613$ 967$ 5,581,762$
Special Revenue
(See independent auditor's report.)
- 87 -
VILLAGE OF PLAINFIELD, ILLINOIS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
For the Year Ended April 30, 2019
Liability Alcohol
Insurance Audit Enforcement
REVENUES
Taxes 491,668$ 44,169$ -$
Intergovernmental - - -
Fines and forfeits - - 22,680
Investment income 8,101 532 1,164
Miscellaneous 451 - -
Total revenues 500,220 44,701 23,844
EXPENDITURES
Current
General government 74,150 38,085 -
Public safety 227,315 - -
Highways and streets 50,318 - -
Total expenditures 351,783 38,085 -
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 148,437 6,616 23,844
OTHER FINANCING SOURCES (USES)
Transfers (out)- - (25,000)
Total other financing sources (uses)- - (25,000)
NET CHANGE IN FUND BALANCES 148,437 6,616 (1,156)
FUND BALANCES, MAY 1 294,086 15,977 42,203
FUND BALANCES, APRIL 30 442,523$ 22,593$ 41,047$
Special Revenue
- 88 -
Motor Downtown Route 30
Fuel Tax D.A.R.E.TIF Fund TIF Fund Total
-$ -$ 726,816$ -$ 1,262,653$
1,103,351 - - - 1,103,351
- - - - 22,680
72,788 315 17,553 - 100,453
- 24,819 - - 25,270
1,176,139 25,134 744,369 - 2,514,407
- - 84,368 - 196,603
- 18,948 - - 246,263
875,331 - - - 925,649
875,331 18,948 84,368 - 1,368,515
300,808 6,186 660,001 - 1,145,892
- - (500,000) - (525,000)
- - (500,000) - (525,000)
300,808 6,186 160,001 - 620,892
3,173,918 6,054 195,036 - 3,727,274
3,474,726$ 12,240$ 355,037$ -$ 4,348,166$
Special Revenue
(See independent auditor's report.)
- 89 -
Original Final
Budget Budget Actual
REVENUES
Taxes
Property tax 475,000$ 475,000$ 491,668$
Investment income 500 500 8,101
Other reimbursements - - 451
Total revenues 475,500 475,500 500,220
EXPENDITURES
General government
Treasurer bond 500 500 336
Commercial umbrella liability insurance 37,805 37,805 35,906
Workman's compensation insurance 52,506 52,506 37,908
Public safety
Commercial umbrella liability insurance 116,424 116,424 110,576
Workman's compensation insurance 161,700 161,700 116,739
Highways and streets
Commercial umbrella liability insurance 25,771 25,771 24,477
Workman's compensation insurance 35,794 35,794 25,841
Total expenditures 430,500 430,500 351,783
NET CHANGE IN FUND BALANCE 45,000$ 45,000$ 148,437
FUND BALANCE, MAY 1 294,086
FUND BALANCE, APRIL 30 442,523$
For the Year Ended April 30, 2019
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
LIABILITY INSURANCE FUND
(See independent auditor's report.)
- 90 -
Original Final
Budget Budget Actual
REVENUES
Taxes
Property tax 42,000$ 42,000$ 44,169$
Investment income 100 100 532
Total revenues 42,100 42,100 44,701
EXPENDITURES
General government
Audit 42,000 42,000 38,085
Total expenditures 42,000 42,000 38,085
NET CHANGE IN FUND BALANCE 100$ 100$ 6,616
FUND BALANCE, MAY 1 15,977
FUND BALANCE, APRIL 30 22,593$
For the Year Ended April 30, 2019
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
AUDIT FUND
(See independent auditor's report.)
- 91 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
ALCOHOL ENFORCEMENT FUND
For the Year Ended April 30, 2019
Final Original
Budget Budget Actual
REVENUES
Fines and forfeits
DUI proceeds 15,000$ 15,000$ 22,680$
Investment income 250 250 1,164
Total revenues 15,250 15,250 23,844
EXPENDITURES
None - - -
Total expenditures - - -
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 15,250 15,250 23,844
OTHER FINANCING SOURCES (USES)
Transfers (out)(25,000) (25,000) (25,000)
NET CHANGE IN FUND BALANCE (9,750)$ (9,750)$ (1,156)
FUND BALANCE, MAY 1 42,203
FUND BALANCE, APRIL 30 41,047$
(See independent auditor's report.)
- 92 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
MOTOR FUEL TAX FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
REVENUES
Intergovernmental
State allotments 1,100,000$ 1,100,000$ 1,103,351$
Investment income 25,000 25,000 72,788
Total revenues 1,125,000 1,125,000 1,176,139
EXPENDITURES
Highways and streets
Street maintenance 1,000,000 1,000,000 875,331
Total expenditures 1,000,000 1,000,000 875,331
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 125,000 125,000 300,808
OTHER FINANCING SOURCES (USES)
Transfers (out)(150,000) (150,000) -
Total other financing sources (uses)(150,000) (150,000) -
NET CHANGE IN FUND BALANCE (25,000)$ (25,000)$ 300,808
FUND BALANCE, MAY 1 3,173,918
FUND BALANCE, APRIL 30 3,474,726$
(See independent auditor's report.)
- 93 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
D.A.R.E. FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
REVENUES
Investment income 50$ 50$ 315$
Miscellaneous 20,000 20,000 24,819
Total revenues 20,050 20,050 25,134
EXPENDITURES
Public safety
Program expenditures 20,000 20,000 18,948
Total expenditures 20,000 20,000 18,948
NET CHANGE IN FUND BALANCE 50$ 50$ 6,186
FUND BALANCE, MAY 1 6,054
FUND BALANCE, APRIL 30 12,240$
(See independent auditor's report.)
- 94 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
DOWNTOWN TIF FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
REVENUES
Taxes
Property taxes 725,000$ 725,000$ 726,816$
Investment income 5,000 5,000 17,553
Total revenues 730,000 730,000 744,369
EXPENDITURES
General government
Contractual services 250,000 250,000 81,868
Facade improvements 50,000 50,000 2,500
Total expenditures 300,000 300,000 84,368
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 430,000 430,000 660,001
OTHER FINANCING SOURCES (USES)
Transfers (out)(500,000) (500,000) (500,000)
Total other financing sources (uses)(500,000) (500,000) (500,000)
NET CHANGE IN FUND BALANCE (70,000)$ (70,000)$ 160,001
FUND BALANCE, MAY 1 195,036
FUND BALANCE, APRIL 30 355,037$
(See independent auditor's report.)
- 95 -
MAJOR ENTERPRISE FUND
VILLAGE OF PLAINFIELD, ILLINOIS
COMBINING SCHEDULE OF NET POSITION
WATER AND SEWER DEPARTMENT ACCOUNTS
April 30, 2019
Water and
Sewer Capital
Operations Projects Total
CURRENT ASSETS
Cash and investments 14,637,099$ 3,350,963$ 17,988,062$
Receivables
Accounts 2,171,179 - 2,171,179
Sales tax 423,226 - 423,226
Other 4,872 - 4,872
Interest 20,943 16,730 37,673
Total current assets 17,257,319 3,367,693 20,625,012
CAPITAL ASSETS
Nondepreciable 3,759,684 - 3,759,684
Depreciable, net of accumulated
depreciation 98,138,001 - 98,138,001
Net capital assets 101,897,685 - 101,897,685
OTHER ASSETS
Deposits 239,399 - 239,399
Total other assets 239,399 - 239,399
Total assets 119,394,403 3,367,693 122,762,096
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources - IMRF 418,862 - 418,862
Deferred outflows of resources - OPEB 19,912 - 19,912
Unamortized loss on refundings 2,077,480 - 2,077,480
Total deferred outflows of resources 2,516,254 - 2,516,254
Total assets and deferred
outflows of resources 121,910,657 3,367,693 125,278,350
(This schedule is continued on the following page.)
- 96 -
VILLAGE OF PLAINFIELD, ILLINOIS
COMBINING SCHEDULE OF NET POSITION (Continued)
WATER AND SEWER DEPARTMENT ACCOUNTS
April 30, 2019
Water and
Sewer Capital
Operations Projects Total
CURRENT LIABILITIES
Accounts payable 2,427,367$ -$ 2,427,367$
Accrued payroll 55,877 - 55,877
Accrued interest 294,169 - 294,169
Compensated absences payable - current 65,202 - 65,202
Illinois EPA loan payable - current 161,392 - 161,392
Bonds payable - current 2,400,000 - 2,400,000
Total OPEB liability - current 968 - 968
Developer deposit 22,762 - 22,762
Total current liabilities 5,427,737 - 5,427,737
LONG-TERM LIABILITIES
Compensated absences payable - long-term 8,774 - 8,774
Net pension liability - IMRF 785,832 - 785,832
Total OPEB liability 46,625 - 46,625
Illinois EPA loan payable - long-term 2,008,040 - 2,008,040
Bonds payable - long-term 13,808,893 - 13,808,893
Total long-term liabilities 16,658,164 - 16,658,164
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources - IMRF 85,156 - 85,156
Deferred inflows of resources - OPEB 19,971 - 19,971
Total deferred inflows of resources 105,127 - 105,127
Total liabilities and deferred
inflows of resources 22,191,028 - 22,191,028
NET POSITION
Net investment in capital assets 85,596,840 - 85,596,840
Restricted for debt service 1,725,525 - 1,725,525
Unrestricted 12,397,264 3,367,693 15,764,957
TOTAL NET POSITION 99,719,629$ 3,367,693$ 103,087,322$
(See independent auditor's report.)
- 97 -
VILLAGE OF PLAINFIELD, ILLINOIS
COMBINING SCHEDULE OF REVENUES, EXPENSES, AND
CHANGES IN NET POSITION
WATER AND SEWER DEPARTMENT ACCOUNTS
For the Year Ended April 30, 2019
Water and
Sewer Capital
Operations Projects Eliminations Total
OPERATING REVENUES
Charges for services
Customer sales 16,729,535$ -$ -$ 16,729,535$
Meter sales 89,690 - - 89,690
Total operating revenues 16,819,225 - - 16,819,225
OPERATING EXPENSES
Water operations 10,748,671 - - 10,748,671
Sewer operations 2,593,282 - - 2,593,282
Depreciation 3,198,921 - - 3,198,921
Total operating expenses 16,540,874 - - 16,540,874
OPERATING INCOME 278,351 - - 278,351
NON-OPERATING REVENUES (EXPENSES)
Home rule sales tax 1,862,431 - - 1,862,431
Miscellaneous income 1,698,307 - - 1,698,307
Investment income 300,235 75,386 - 375,621
Interest expense (691,319) - - (691,319)
Total non-operating revenues (expenses)3,169,654 75,386 - 3,245,040
INCOME BEFORE TRANSFERS
AND CAPITAL CONTRIBUTIONS 3,448,005 75,386 - 3,523,391
TRANSFERS (OUT)(976,800) - - (976,800)
CAPITAL CONTRIBUTIONS 97,847 - - 97,847
CHANGE IN NET POSITION 2,569,052 75,386 - 2,644,438
NET POSITION, MAY 1 97,150,577 3,292,307 - 100,442,884
NET POSITION, APRIL 30 99,719,629$ 3,367,693$ -$ 103,087,322$
(See independent auditor's report.)
- 98 -
VILLAGE OF PLAINFIELD, ILLINOIS
COMBINING SCHEDULE OF CASH FLOWS
WATER AND SEWER DEPARTMENT ACCOUNTS
For the Year Ended April 30, 2019
Water and
Sewer Capital
Operations Projects Eliminations Total
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 16,714,194$ -$ -$ 16,714,194$
Reimbursements to other funds (250,000) - - (250,000)
Payments to suppliers (11,094,696) - - (11,094,696)
Payments to employees (1,541,591) - - (1,541,591)
Net cash from operating activities 3,827,907 - - 3,827,907
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Transfers (out)(976,800) - - (976,800)
Non-operating revenues 3,568,496 - - 3,568,496
Net cash from noncapital financing activities 2,591,696 - - 2,591,696
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Purchase of capital assets (1,788,802) - - (1,788,802)
Principal payments on long-term debt (2,459,393) - - (2,459,393)
Interest paid (691,765) - - (691,765)
Net cash from capital and related
financing activities (4,939,960) - - (4,939,960)
CASH FLOWS FROM INVESTING ACTIVITIES
Sale (purchase) of investments - (89,844) - (89,844)
Interest received 291,918 74,456 - 366,374
Net cash from investing activities 291,918 (15,388) - 276,530
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS 1,771,561 (15,388) - 1,756,173
CASH AND CASH EQUIVALENTS, MAY 1 12,865,538 1,983,900 - 14,849,438
CASH AND CASH EQUIVALENTS, APRIL 30 14,637,099$ 1,968,512$ -$ 16,605,611$
(This schedule is continued on the following page.)
- 99 -
VILLAGE OF PLAINFIELD, ILLINOIS
COMBINING SCHEDULE OF CASH FLOWS (Continued)
WATER AND SEWER DEPARTMENT ACCOUNTS
For the Year Ended April 30, 2019
Water and
Sewer Capital
Operations Projects Eliminations Total
RECONCILIATION OF OPERATING INCOME
TO NET CASH FLOWS FROM
OPERATING ACTIVITIES
Operating income 278,351$ -$ -$ 278,351$
Adjustments to reconcile operating income
to net cash from operating activities
Depreciation 3,198,921 - - 3,198,921
(Increase) decrease in
Accounts receivable (105,031) - - (105,031)
Prepaid items 15,318 - - 15,318
Deposits (16,536) - - (16,536)
Increase (decrease) in
Pension items - IMRF (11,549) - - (11,549)
Pension items - OPEB (5,500) - - (5,500)
Accounts payable 472,815 - - 472,815
Accrued expenses 1,118 - - 1,118
Total adjustments 3,549,556 - - 3,549,556
NET CASH FROM OPERATING ACTIVITIES 3,827,907$ -$ -$ 3,827,907$
CASH AND INVESTMENTS
Cash and cash equivalents 14,637,099$ 1,968,512$ -$ 16,605,611$
Investments - 1,382,451 - 1,382,451
TOTAL CASH AND INVESTMENTS 14,637,099$ 3,350,963$ -$ 17,988,062$
NONCASH TRANSACTIONS
Capital contributions 97,847$ -$ -$ 97,847$
(See independent auditor's report.)
- 100 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL
WATER AND SEWER OPERATIONS ACCOUNTS
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
WATER OPERATIONS
Administration
Salaries - full-time 250,000$ 250,000$ 232,990$
FICA 15,500 15,500 14,338
Medicare 3,700 3,700 3,445
IMRF 29,000 29,000 25,892
Employee insurance 42,000 42,000 39,786
Deferred compensation contribution 10,000 10,000 6,511
Travel/training 7,000 7,000 2,857
Unemployment insurance 2,500 2,500 1,518
Telephone/internet 5,600 5,600 7,758
Cellular phones/pagers 7,000 7,000 4,679
Office supplies/postage 30,000 30,000 31,871
Dues and subscriptions 1,500 1,500 2,256
Gas, oil, wash, and mileage 500 500 227
Software 2,000 2,000 1,950
Sand and gravel 800 800 698
Supplies/hardware 500 500 878
Water meters 150,000 150,000 115,111
Building maintenance 10,000 10,000 6,217
Legal notices 500 500 -
Attorney legal fees 1,000 1,000 176
Contractual services 50,000 50,000 29,094
Equipment maintenance 500 500 807
Engineer fees 4,000 4,000 17,306
Insurance surplus allocation - - (16,535)
Administrative service charge 125,000 125,000 125,000
Total administration 748,600 748,600 654,830
Water provision
Salaries - full-time 375,000 375,000 366,934
Salaries - part-time 15,000 15,000 7,706
Salaries - overtime 35,000 35,000 34,420
FICA 27,000 27,000 24,758
Medicare 6,500 6,500 5,828
IMRF 50,000 50,000 42,623
Employee insurance 73,000 73,000 67,962
Deferred compensation contribution 16,500 16,500 11,682
Telephone/internet 9,000 9,000 16,673
Cellular phones/pagers 500 500 -
Electricity/gas 140,000 140,000 137,244
Office supplies/postage 2,000 2,000 702
Replacement supplies 5,000 5,000 10,458
Gas, oil, wash, and mileage 15,000 15,000 13,764
(This schedule is continued on the following pages.)
- 101 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL (Continued)
WATER AND SEWER OPERATIONS ACCOUNTS
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
WATER OPERATIONS (Continued)
Water provision (Continued)
Chemicals 6,000$ 6,000$ 5,807$
Supplies/hardware 4,000 4,000 5,359
Uniforms/clothing 2,000 2,000 2,775
Building maintenance 5,000 5,000 3,209
Vehicle maintenance 7,500 7,500 12,100
Contractual services 65,000 65,000 30,800
Water purchase 8,492,000 8,492,000 9,273,434
Equipment maintenance 10,000 10,000 10,747
System maintenance 60,000 60,000 8,098
Water/fire hydrant 20,000 20,000 -
EPA analytical 16,000 16,000 9,282
Total water provision 9,457,000 9,457,000 10,102,365
Total water operations 10,205,600 10,205,600 10,757,195
SEWER OPERATIONS
Administration
Salaries - full-time 250,000 250,000 233,085
FICA 15,500 15,500 14,283
Medicare 4,000 4,000 3,431
IMRF 29,000 29,000 25,837
Employee insurance 42,000 42,000 37,563
Deferred compensation contribution 10,000 10,000 6,612
Travel/training 12,000 12,000 3,306
Unemployment insurance 2,500 2,500 1,034
Telephone/internet 13,000 13,000 12,140
Cellular phones/pagers 3,500 3,500 3,319
Office supplies/postage 30,000 30,000 32,872
Dues and subscriptions 72,300 72,300 65,015
Gas, oil, wash, and mileage 1,000 1,000 457
Supplies/hardware 2,500 2,500 3,022
Building maintenance 20,000 20,000 8,090
Attorney legal fees 1,500 1,500 176
Contractual services 50,000 50,000 27,915
Equipment maintenance 2,000 2,000 2,857
Engineer fees 10,000 10,000 13,077
Administrative service charge 125,000 125,000 125,000
Total administration 695,800 695,800 619,091
(This schedule is continued on the following page.)
- 102 -
VILLAGE OF PLAINFIELD, ILLINOIS
SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL (Continued)
WATER AND SEWER OPERATIONS ACCOUNTS
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
SEWER OPERATIONS (Continued)
Sewer treatment
Salaries - full-time 395,000$ 395,000$ 376,342$
Salaries - part-time 10,000 10,000 7,706
Salaries - overtime 30,000 30,000 31,495
FICA 27,000 27,000 24,790
Medicare 6,543 6,543 5,832
IMRF 48,000 48,000 43,025
Employee insurance 57,000 57,000 52,579
Deferred compensation contribution 15,000 15,000 12,873
Telephone/internet 22,000 22,000 34,051
Electricity/gas 525,000 525,000 449,365
Replacement supplies 6,500 6,500 6,737
Gas, oil, wash, and mileage 12,000 12,000 15,850
Supplies/hardware 10,000 10,000 7,385
Chemicals/supplies 115,000 115,000 129,880
Sand and gravel 500 500 -
Industrial flow monitor 18,000 18,000 2,088
Uniforms/clothing 6,000 6,000 7,063
Vehicle maintenance 10,000 10,000 2,177
Contractual services 170,000 170,000 196,551
Equipment maintenance 25,000 25,000 22,814
System maintenance 125,000 125,000 118,082
Maintenance - James Street 5,000 5,000 -
Total sewer treatment 1,638,543 1,638,543 1,546,685
Other
Capital repair and replacement - sewer 2,240,000 2,240,000 2,224,833
Total other 2,240,000 2,240,000 2,224,833
Total sewer operations 4,574,343 4,574,343 4,390,609
Total water and sewer operating expenses 14,779,943$ 14,779,943$ 15,147,804
ADJUSTMENTS TO GAAP BASIS
Pension expense - IMRF - water division (5,774)
Pension expense - IMRF - sewer division (5,775)
Change in OPEB - water division (2,750)
Change in OPEB - sewer division (2,750)
Capital assets capitalized (1,788,802)
Depreciation 3,198,921
Total adjustments to GAAP basis 1,393,070
TOTAL WATER AND SEWER OPERATING EXPENSES
GAAP BASIS 16,540,874$
(See independent auditor's report.)
- 103 -
FIDUCIARY FUND
SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION -
BUDGET AND ACTUAL
POLICE PENSION FUND
For the Year Ended April 30, 2019
Original Final
Budget Budget Actual
ADDITIONS
Contributions
Employer 1,370,000$ 1,370,000$ 1,402,674$
Employee 550,000 550,000 555,362
Total contributions 1,920,000 1,920,000 1,958,036
Investment income
Net appreciation in
fair value of investments 450,000 450,000 575,422
Interest and dividends 700,000 700,000 1,219,956
Total investment income 1,150,000 1,150,000 1,795,378
Less investment expense (90,000) (90,000) (106,456)
Net investment income 1,060,000 1,060,000 1,688,922
Total additions 2,980,000 2,980,000 3,646,958
DEDUCTIONS
Pension benefits 525,000 525,000 510,423
Administrative expenses 41,300 41,300 49,718
Total deductions 566,300 566,300 560,141
NET INCREASE 2,413,700$ 2,413,700$ 3,086,817
NET POSITION RESTRICTED
FOR PENSIONS
May 1 31,578,354
April 30 34,665,171$
VILLAGE OF PLAINFIELD, ILLINOIS
(See independent auditor's report.)
- 104 -
SUPPLEMENTAL DATA
1415 West Diehl Road, Suite 400
Naperville, IL 60563
630.566.8400
INDEPENDENT ACCOUNTANT’S REPORT ON
MANAGEMENT’S ASSERTION OF COMPLIANCE
The Honorable President
Members of the Board of Trustees
Village of Plainfield, Illinois
We have examined management’s assertion that the Village of Plainfield, Illinois (the Village)
complied with the provisions of subsection (q) of Section 11-74.4-3 of the Illinois Tax Increment
Redevelopment Allocation Act (Illinois Public Act 85-1142) applicable to the Downtown TIF during
the year ended April 30, 2019. Management is responsible for the Village’s assertion. Our
responsibility is to express an opinion on management’s assertion about the Village’s compliance with
the specific requirements based on our examination.
Our examination was made in accordance with the standards established by the American Institute of
Public Accountants. Those standards require that we plan and perform the examination to obtain
reasonable assurance about whether management’s assertion about compliance with the specified
requirements is fairly stated, in all material respects. An examination involves performing procedures
to obtain evidence about whether management’s assertion is fairly stated, in all material respects. The
nature, timing, and extent of the procedures selected depend on our judgment, including an assessment
of the risks of material misstatement of management’s assertion, whether due to fraud or error. We
believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for
our opinion.
Our examination does not provide a legal determination on the Village’s compliance with the specified
requirements.
In our opinion, management’s assertion that the Village of Plainfield, Illinois, complied with the
aforementioned requirements for the year ended April 30, 2019, is fairly stated in all material respects.
This report is intended solely for the information and use of the Board of Trustees, management and
the Illinois Department of Revenue, Illinois State Comptrollers Office, and the Joint Review Board
and should not be used by anyone other than these specified parties.
Naperville, Illinois
September 16, 2019
- 105 -
STATISTICAL SECTION
This part of the Village of Plainfield, Illinois’ comprehensive annual financial report presents
detailed information as a context for understanding what the information in the financial
statements, note disclosures, and required supplementary information says about the Village’s
overall financial health.
Contents Page(s)
Financial Trends
These schedules contain trend information to help the reader understand
how the Village’s financial performance and well-being have been
changed over time.
106-115
Revenue Capacity
These schedules contain information to help the reader assess the
Village’s most significant local revenue source, the property tax.
116-123
Debt Capacity
These schedules present information to help the reader assess the
affordability of the Village’s current levels of outstanding debt and the
Village’s ability to issue additional debt in the future.
124-127
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the
reader understand the environment within which the Village’s financial
activities take place.
128-129
Operating Information
These schedules contain service and infrastructure data to help the reader
understand how the information in the Village’s financial report relates to
the services the Village provides and the activities it performs.
130-133
Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive annual financial reports for the relevant year.
Fiscal Year 2010 2011 2012 2013
GOVERNMENTAL ACTIVITIES
Net investment in capital assets 298,048,879$ 287,247,440$ 273,588,903$ 261,247,144$
Restricted 646,481 679,852 2,258,412 2,874,252
Unrestricted (6,273,817) (999,983) 3,010,321 8,503,651
TOTAL GOVERNMENTAL ACTIVITIES 292,421,543$ 286,927,309$ 278,857,636$ 272,625,047$
BUSINESS-TYPE ACTIVITIES
Net investment in capital assets 85,624,259$ 86,260,116$ 84,915,466$ 85,745,939$
Restricted 603,727 601,299 601,161 603,205
Unrestricted 14,338,009 10,526,199 10,420,908 12,265,523
TOTAL BUSINESS-TYPE ACTIVITIES 100,565,995$ 97,387,614$ 95,937,535$ 98,614,667$
PRIMARY GOVERNMENT
Net investment in capital assets 383,673,138$ 373,507,556$ 358,504,369$ 346,993,083$
Restricted 1,250,208 1,281,151 2,859,573 3,477,457
Unrestricted 8,064,192 9,526,216 13,431,229 20,769,174
TOTAL PRIMARY GOVERNMENT 392,987,538$ 384,314,923$ 374,795,171$ 371,239,714$
*The Village implemented GASB Statement No. 68 for the fiscal year ended April 30, 2016.
Data Source
Audited Financial Statements
VILLAGE OF PLAINFIELD, ILLINOIS
NET POSITION BY COMPONENT
Last Ten Fiscal Years
- 106 -
2014 2015 2016*2017 2018 2019
248,456,183$ 236,161,456$ 224,437,029$ 214,068,963$ 206,531,017$ 199,080,764$
3,006,647 3,783,480 4,260,303 4,203,118 4,361,935 4,945,385
12,390,475 16,035,847 6,885,635 9,857,838 10,184,052 12,807,949
263,853,305$ 255,980,783$ 235,582,967$ 228,129,919$ 221,077,004$ 216,834,098$
85,192,902$ 83,998,867$ 83,393,179$ 84,275,866$ 84,489,070$ 85,596,840$
602,080 2,106,291 2,247,562 2,248,756 2,248,925 1,725,525
12,652,914 12,027,445 12,492,289 12,505,856 13,704,889 15,764,957
98,447,896$ 98,132,603$ 98,133,030$ 99,030,478$ 100,442,884$ 103,087,322$
333,649,085$ 320,160,323$ 307,830,208$ 298,344,829$ 291,020,087$ 284,677,604$
3,608,727 5,889,771 6,507,865 6,451,874 6,610,860 6,670,910
25,043,389 28,063,292 19,377,924 22,363,694 23,888,941 28,572,906
362,301,201$ 354,113,386$ 333,715,997$ 327,160,397$ 321,519,888$ 319,921,420$
- 107 -
Fiscal Year 2010 2011 2012 2013
EXPENSES
Governmental activities
General government 3,634,146$ 2,754,319$ 3,808,990$ 3,442,249$
Public safety 10,192,710 10,703,278 11,247,015 11,273,628
Highways and streets 21,864,844 21,833,556 22,554,164 21,995,249
Interest 1,567,529 1,333,022 1,347,798 1,213,432
Total governmental activities expenses 37,259,229 36,624,175 38,957,967 37,924,558
BUSINESS-TYPE ACTIVITIES
Water and sewer 13,020,412 13,563,407 13,215,950 14,648,769
Total business-type activities expenses 13,020,412 13,563,407 13,215,950 14,648,769
TOTAL PRIMARY GOVERNMENT
EXPENSES 50,279,641$ 50,187,582$ 52,173,917$ 52,573,327$
PROGRAM REVENUES
Governmental activities
Charges for services
General government 3,914,078$ 4,257,608$ 4,595,180$ 4,989,871$
Public safety 1,702,528 1,913,421 1,937,666 1,756,994
Highways and streets 34,238 3,783 13,909 178,221
Operating grants and contributions 1,155,527 1,508,358 2,239,921 1,372,279
Capital grants and contributions 7,426,001 2,328,859 257,817 1,009,182
Total governmental activities
program revenues 14,232,372 10,012,029 9,044,493 9,306,547
Business-type activities
Charges for services
Water/sewer 9,510,526 10,135,734 11,482,986 14,066,990
Operating grants and contributions 495,793 - - -
Capital grants and contributions 1,943,525 372,147 90,791 2,145,000
Total business-type activities
program revenues 11,949,844 10,507,881 11,573,777 16,211,990
TOTAL PRIMARY GOVERNMENT
PROGRAM REVENUES 26,182,216$ 20,519,910$ 20,618,270$ 25,518,537$
NET (EXPENSE) REVENUE
Governmental activities (23,026,857)$ (26,612,146)$ (29,913,474)$ (28,618,011)$
Business-type activities (1,070,568) (3,055,526) (1,642,173) 1,563,221
TOTAL PRIMARY GOVERNMENT
NET (EXPENSE) REVENUE (24,097,425)$ (29,667,672)$ (31,555,647)$ (27,054,790)$
VILLAGE OF PLAINFIELD, ILLINOIS
CHANGE IN NET POSITION
Last Ten Fiscal Years
- 108 -
2014 2015*2016 2017 2018 2019
4,437,507$ 3,974,582$ 4,461,409$ 4,547,120$ 4,547,120$ 4,485,123$
11,321,562 11,778,078 12,608,966 14,062,875 14,062,875 14,321,219
23,977,254 23,731,474 24,868,163 23,787,789 23,787,789 26,894,226
1,154,112 1,059,100 870,373 800,364 800,364 679,991
40,890,435 40,543,234 42,808,911 43,198,148 43,198,148 46,380,559
15,233,480 15,513,750 15,976,198 16,324,022 16,324,022 17,232,193
15,233,480 15,513,750 15,976,198 16,324,022 16,324,022 17,232,193
56,123,915$ 56,056,984$ 58,785,109$ 59,522,170$ 59,522,170$ 63,612,752$
5,178,547$ 5,472,089$ 5,814,964$ 6,151,486$ 6,151,486$ 6,597,384$
1,658,959 1,611,233 1,418,860 1,593,981 1,593,981 1,642,372
141,846 9,193 37,417 43,621 43,621 59,935
1,386,766 1,492,593 1,203,530 1,184,693 1,184,693 1,401,888
118,359 44,267 360,507 1,207,122 1,207,122 3,881,551
8,484,477 8,629,375 8,835,278 10,180,903 10,180,903 13,583,130
13,361,542 13,407,793 14,224,684 15,071,122 15,071,122 16,819,225
- - - - - -
- - - 389,353 389,353 97,847
13,361,542 13,407,793 14,224,684 15,460,475 15,460,475 16,917,072
21,846,019$ 22,037,168$ 23,059,962$ 25,641,378$ 25,641,378$ 30,500,202$
(32,405,958)$ (31,913,859)$ (33,973,633)$ (33,017,245)$ (33,017,245)$ (32,797,429)$
(1,871,938) (2,105,957) (1,751,514) (863,547) (863,547) (315,121)
(34,277,896)$ (34,019,816)$ (35,725,147)$ (33,880,792)$ (33,880,792)$ (33,112,550)$
- 109 -
Fiscal Year 2010 2011 2012 2013
GENERAL REVENUES AND OTHER
CHANGES IN NET POSITION
Governmental activities
Taxes
Property and replacement 6,428,427$ 6,651,509$ 6,306,567$ 6,300,458$
Home rule sales tax - - - -
Utility/telecommunications 2,271,926 2,980,148 3,066,185 2,981,462
Local motor fuel - 296,235 489,711 838,419
Other 4,860 4,447 7,069 5,804
Sales and use tax 7,377,482 7,670,219 8,143,910 8,495,268
Income tax 2,965,208 2,910,807 3,203,518 3,567,060
Investment income 15,166 8,190 6,770 20,956
Miscellaneous 87,030 68,237 103,695 72,956
Transfers 524,770 528,120 516,376 493,650
Total governmental activities 19,674,869 21,117,912 21,843,801 22,776,033
Business-type activities
Home rule sales tax - - - 1,415,262
Investment income 93,583 26,906 8,480 9,010
Miscellaneous 30,480 378,359 699,990 1,169,633
Transfers (524,770) (528,120) (516,376) (493,650)
Total business-type activities (400,707) (122,855) 192,094 2,100,255
TOTAL PRIMARY GOVERNMENT 19,274,162$ 20,995,057$ 22,035,895$ 24,876,288$
CHANGE IN NET POSITION
Governmental activities (3,351,988)$ (5,494,234)$ (8,069,673)$ (5,841,978)$
Business-type activities (1,471,275) (3,178,381) (1,450,079) 3,663,476
TOTAL PRIMARY GOVERNMENT
CHANGE IN NET POSITION (4,823,263)$ (8,672,615)$ (9,519,752)$ (2,178,502)$
*Beginning in fiscal year 2015, home rule sales tax is presented separately from sales and use tax.
Data Source
Audited Financial Statements
Last Ten Fiscal Years
VILLAGE OF PLAINFIELD, ILLINOIS
CHANGE IN NET POSITION (Continued)
- 110 -
2014 2015*2016 2017 2018 2019
6,352,505$ 6,538,805$ 6,633,529$ 6,795,465$ 6,795,465$ 7,358,761$
- 3,286,980 3,403,167 3,492,459 3,492,459 3,725,422
3,198,840 3,107,995 2,816,908 2,915,445 2,915,445 2,995,191
790,158 813,718 897,404 959,052 959,052 1,674,790
4,966 8,250 7,587 10,092 10,092 8,265
8,848,545 5,842,343 6,199,078 6,328,246 6,328,246 6,978,728
3,857,016 3,876,349 4,218,244 3,741,387 3,741,387 3,842,879
27,857 (120,582) 53,007 140,553 140,553 672,108
63,581 197,627 267,223 210,598 210,598 321,579
490,748 489,852 498,100 970,900 970,900 976,800
23,634,216 24,041,337 24,994,247 25,564,197 25,564,197 28,554,523
1,630,710 1,643,244 1,701,328 1,745,968 1,745,968 1,862,431
14,986 141 61,902 62,358 62,358 375,621
550,219 637,131 822,046 923,569 923,569 1,698,307
(490,748) (489,852) (498,100) (970,900) (970,900) (976,800)
1,705,167 1,790,664 2,087,176 1,760,995 1,760,995 2,959,559
25,339,383$ 25,832,001$ 27,081,423$ 27,325,192$ 27,325,192$ 31,514,082$
(8,771,742)$ (7,872,522)$ (8,979,386)$ (7,453,048)$ (7,453,048)$ (4,242,906)$
(166,771) (315,293) 335,662 897,448 897,448 2,644,438
(8,938,513)$ (8,187,815)$ (8,643,724)$ (6,555,600)$ (6,555,600)$ (1,598,468)$
- 111 -
Fiscal Year 2010 2011 2012 2013
GENERAL FUND
Reserved 1,259,966$ 3,393,753$ -$ -$
Unreserved - designated 638,341 750,040 - -
Unreserved - undesignated 2,964,485 4,151,179 - -
Nonspendable for
Advances - - 1,193,937 1,153,506
Long-term receivables - - 909,968 705,953
Prepaid items - - 123,321 133,497
Restricted
Retirement obligations - - - -
Public safety - - - -
Unrestricted
Assigned for bridge construction - - 20,000 -
Assigned for insurance - - 845,155 1,006,427
Unassigned - - 6,814,424 9,658,183
TOTAL GENERAL FUND 4,862,792$ 8,294,972$ 9,906,805$ 12,657,566$
ALL OTHER GOVERNMENTAL FUNDS
Reserved 646,481$ 679,852$ -$ -$
Unreserved, reported in
Capital Projects Fund (12,268,499) (10,889,373) - -
Special Revenue Fund 713,258 1,174,378 - -
Restricted for
Street maintenance - - 1,115,600 1,509,744
Public safety - - 42,389 40,585
Audit - - 4,106 5,360
Liability insurance - - 310,733 219,288
Economic development - - 785,584 1,099,275
Unrestricted
Assigned for debt service - - 1,347 881
Assigned for capital projects - - - -
Unassigned - - (7,414,412) (4,328,519)
TOTAL ALL OTHER
GOVERNMENTAL FUNDS (10,908,760)$ (9,035,143)$ (5,154,653)$ (1,453,386)$
TOTAL FUND BALANCES (6,045,968)$ (740,171)$ 4,752,152$ 11,204,180$
Note: The Village implemented GASB Statement No. 54 for the fiscal year ended April 30, 2012.
Data Source
Audited Financial Statements
VILLAGE OF PLAINFIELD, ILLINOIS
FUND BALANCES OF GOVERNMENTAL FUNDS
Last Ten Fiscal Years
- 112 -
2014 2015 2016 2017 2018 2019
-$ -$ -$ -$ -$ -$
- - - - - -
- - - - - -
- - - - - -
687,538 669,986 363,498 221,763 - -
133,536 135,867 142,187 150,893 212,479 14,236
- - 16,709 92,012 125,878 131,092
- - 471,209 393,352 508,783 466,127
- - - - - -
1,065,860 1,158,291 1,127,527 1,305,917 1,248,272 1,341,972
9,841,030 8,322,103 8,485,950 8,655,225 9,556,631 9,955,142
11,727,964$ 10,286,247$ 10,607,080$ 10,819,162$ 11,652,043$ 11,908,569$
-$ -$ -$ -$ -$ -$
- - - - - -
- - - - - -
1,915,321 2,690,722 2,819,181 3,077,064 3,173,918 3,474,726
42,443 32,058 40,651 42,749 48,257 53,287
3,511 3,970 6,161 9,342 15,977 22,593
86,172 70,626 21,126 48,059 294,086 442,523
959,200 986,104 885,266 540,540 195,036 355,037
918 1,700 2,133 2,159 2,233 3,130
405,138 5,447,573 8,837,434 13,490,725 14,805,542 17,678,526
- - - (435) - -
3,412,703$ 9,232,753$ 12,611,952$ 17,210,203$ 18,535,049$ 22,029,822$
15,140,667$ 19,519,000$ 23,219,032$ 28,029,365$ 30,187,092$ 33,938,391$
- 113 -
Fiscal Year 2010 2011 2012 2013
REVENUES
Taxes 16,775,978$ 17,533,217$ 18,150,775$ 19,207,009$
Licenses and permits 495,063 497,966 611,529 735,905
Intergovernmental 3,359,417 5,507,812 5,340,409 5,298,633
Charges for services 4,712,486 4,152,165 4,380,366 4,822,592
Fines and forfeits 1,103,323 1,329,951 1,325,854 1,169,501
Investment income 15,166 8,190 6,770 20,956
Miscellaneous 356,964 385,686 479,606 334,334
Total revenues 26,818,397 29,414,987 30,295,309 31,588,930
EXPENDITURES
General government 3,133,119 2,401,600 3,477,890 3,141,185
Public safety 10,303,037 10,100,410 10,654,797 10,686,447
Highways and streets 6,432,461 6,388,974 6,431,829 6,623,648
Capital outlay 3,947,891 2,786,336 1,950,478 2,042,968
Debt service
Principal 1,580,000 1,580,000 1,720,000 1,915,000
Interest and fiscal charges 1,655,506 1,485,744 1,581,506 1,221,304
Total expenditures 27,052,014 24,743,064 25,816,500 25,630,552
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (233,617) 4,671,923 4,478,809 5,958,378
OTHER FINANCING SOURCES (USES)
Transfers in 3,659,728 3,610,948 3,096,035 3,102,780
Transfers (out)(3,134,958) (3,082,828) (2,579,659) (2,609,130)
Refunding bonds issued 865,000 9,280,000 6,820,000 -
Premium (discount) on refunding bonds 37,806 564,424 532,928 -
Bonds issued - - - -
Premium (discount) on bonds issued - - - -
Payment to escrow agent (883,953) (9,913,670) (7,251,451) -
Installment notes issued 114,754 - - -
Sale of capital assets - 175,000 395,661 -
Total other financing sources (uses)658,377 633,874 1,013,514 493,650
NET CHANGE IN FUND BALANCES 424,760$ 5,305,797$ 5,492,323$ 6,452,028$
DEBT SERVICE AS A PERCENTAGE
OF NONCAPITAL EXPENDITURES 14.00%13.96%13.03%12.94%
*Beginning in fiscal year 2015, state sales tax, use tax, and income tax are reported as intergovernmental revenue.
Data Source
Audited Financial Statements
VILLAGE OF PLAINFIELD, ILLINOIS
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
Last Ten Fiscal Years
- 114 -
2014 2015*2016 2017 2018 2019
19,853,191$ 10,647,752$ 10,941,684$ 11,257,069$ 11,822,426$ 12,208,524$
862,916 976,464 1,177,055 1,166,151 1,094,102 1,318,572
4,661,759 14,308,398 14,596,272 14,772,754 14,513,737 15,822,129
4,887,938 4,932,519 5,100,794 5,485,364 5,664,929 5,848,888
1,122,269 1,094,229 907,956 1,052,355 1,067,168 1,032,766
27,857 (120,582) 53,007 140,553 311,646 672,108
212,015 342,080 554,657 432,609 2,209,121 4,257,866
31,627,945 32,180,860 33,331,425 34,306,855 36,683,129 41,160,853
4,029,639 3,677,375 3,966,293 4,211,656 5,460,233 4,506,444
10,746,430 11,266,927 11,453,755 11,675,600 12,210,028 12,879,658
7,404,103 7,197,622 7,809,942 7,856,257 8,801,462 8,870,269
2,870,609 3,048,345 3,897,730 3,606,528 5,909,454 9,032,558
1,945,000 2,085,000 2,215,000 2,315,000 2,395,000 2,475,000
1,191,213 1,138,302 890,875 806,150 733,025 650,150
28,186,994 28,413,571 30,233,595 30,471,191 35,509,202 38,414,079
3,440,951 3,767,289 3,097,830 3,835,664 1,173,927 2,746,774
6,094,911 6,845,397 5,939,207 5,704,731 3,554,123 4,879,743
(5,604,163) (6,355,545) (5,441,107) (4,733,831) (2,574,823) (3,902,943)
- 9,665,000 - - - -
- 331,514 - - - -
- - - - - -
- - - - -
- (9,875,322) - - - -
- - - - - -
4,788 - 104,102 3,769 4,500 27,725
495,536 611,044 602,202 974,669 983,800 1,004,525
3,936,487$ 4,378,333$ 3,700,032$ 4,810,333$ 2,157,727$ 3,751,299$
11.53%11.78%10.79%11.01%10.00%9.40%
- 115 -
ASSESSED VALUE AND ACTUAL VALUE OF TAXABLE PROPERTY
Last Ten Levy Years
Total Taxable Total Estimated Estimated
Levy Residential Commercial Industrial Farm Railroad Equalized Direct Tax Actual Taxable Actual Taxable
Year Property Property Property Property Property Assessed Value Rate Value Value
2009 1,229,229,102$ 140,306,598$ 27,907,094$ 3,613,294$ 42,287$ 1,401,098,375$ 0.4079 4,203,295,125$ 33.333%
2010 1,152,059,670 143,199,078 20,391,687 3,034,973 211,437 1,318,896,845 0.4079 3,956,690,535 33.333%
2011 1,074,299,342 147,453,901 20,061,439 2,975,154 193,049 1,244,982,885 0.4297 3,734,948,655 33.333%
2012 1,018,036,579 136,459,597 20,522,201 3,436,478 155,202 1,178,610,057 0.4567 3,535,830,171 33.333%
2013 992,808,661 133,086,233 20,156,072 3,351,502 344,192 1,149,746,660 0.4669 3,449,239,980 33.333%
2014 1,001,328,597 147,923,967 19,980,960 3,691,038 403,047 1,173,327,609 0.4669 3,519,982,827 33.333%
2015 1,047,526,457 139,342,944 20,657,279 3,905,874 486,066 1,211,918,620 0.4669 3,635,755,860 33.333%
2016 1,115,247,993 144,540,932 18,305,506 3,925,296 536,960 1,282,556,687 0.4669 3,847,670,061 33.333%
2017 1,163,630,631 145,895,711 17,159,173 4,184,880 443,511 1,331,313,906 0.4669 3,993,941,718 33.333%
2018 1,218,694,154 149,409,999 17,114,459 4,494,831 466,959 1,390,180,402 0.4669 4,170,541,206 33.333%
Note: Property in the Village is reassessed each year. Property is assessed at 33% of estimated actual value.
Data Sources
Office of the County Clerk - Will County, Illinois
Office of the County Clerk - Kendall County, Illinois
VILLAGE OF PLAINFIELD, ILLINOIS
- 116 -
Levy Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
DIRECT TAX RATES
General 0.2053 0.2012 0.2032 0.2158 0.2210 0.2099 0.1974 0.1921 0.2002 0.2159
Debt service 0.0024 0.0086 0.0090 0.0098 0.0098 0.0098 0.0097 0.0088 0.0089 0.0083
Police Pension 0.0503 0.0682 0.0721 0.0767 0.0783 0.0811 0.0911 0.1068 0.1057 0.0936
IMRF 0.0413 0.0436 0.0461 0.0490 0.0500 0.0492 0.0476 0.0448 0.0407 0.0389
Police protection 0.0575 0.0607 0.0641 0.0682 0.0696 0.0683 0.0662 0.0624 0.0711 0.0788
Audit 0.0008 0.0029 0.0031 0.0030 0.0034 0.0033 0.0035 0.0033 0.0033 0.0026
Liability insurance 0.0503 0.0227 0.0321 0.0342 0.0348 0.0453 0.0514 0.0487 0.0370 0.0288
Total direct rates 0.4079 0.4079 0.4297 0.4567 0.4669 0.4669 0.4669 0.4669 0.4669 0.4669
OVERLAPPING TAX RATES
Will County Including Forest Preserve 0.6543 0.6841 0.7244 0.7244 0.8186 0.8410 0.8295 0.8091 0.7881 0.7431
Plainfield CUSD #202 4.5876 4.8618 5.2705 5.8323 6.2265 6.2622 6.2410 5.8941 5.7067 5.5732
Joliet Jr. Community College #525 0.2144 0.2270 0.2463 0.2768 0.2955 0.3085 0.3065 0.3099 0.2994 0.2924
Plainfield Township Park District 0.1740 0.1959 0.2126 0.2433 0.2535 0.2742 0.2692 0.2560 0.2541 0.2591
Plainfield Public Library District 0.1421 0.1573 0.1720 0.1894 0.2013 0.2057 0.2021 0.1939 0.1921 0.1893
Plainfield Fire Protection District 0.8419 0.8656 0.8872 0.9216 0.9970 1.0122 1.0036 0.9674 0.9650 0.9537
Township and all other 0.1483 0.1653 0.1804 0.1960 0.2106 0.2125 0.2091 0.1991 0.1952 0.1908
Total overlapping rates 6.7626 7.1570 7.6934 8.3838 9.0030 9.1163 9.0610 8.6295 8.4006 8.2016
TOTAL TAX RATES 7.1705 7.5649 8.1231 8.8405 9.4699 9.5832 9.5279 9.0964 8.8675 8.6685
Property tax rates are per $100 of assessed valuation.
Data Source
Office of the County Clerk - Will County, Illinois
VILLAGE OF PLAINFIELD, ILLINOIS
PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS
Last Ten Levy Years
- 117 -
Percentage Percentage
of Total of Total
2017 Taxable Village 2008 Taxable Village
Equalized Taxable Equalized Equalized
Assessed Assessed Assessed Assessed
Taxpayer Business/Properties Value Rank Valuation Value Rank Valuation
JVM Realty Corporation Springs at 127th 11,361,592$ 1 0.82%
Diageo North America, Inc.Manufacturer of liquors 9,479,479 2 0.68%
Edward Health Ventures Healthcare 5,617,394 3 0.40%
Wal-Mart Stores Inc.Discount department store 4,581,409 4 0.33%
Menard's Inc.Home improvement center 4,135,064 5 0.30%
Meijer Discount department store 3,973,157 6 0.29%
American House Senior Living Senior care facility 3,825,000 7 0.28%
Target Discount department store 3,336,886 8 0.24%
Chicago Bridge & Iron Engineering & technical center 2,921,250 9 0.21%
Coilplus Illinois Inc.Flat rolled steel processing 2,720,001 10 0.20%
Diageo North America, Inc.Manufacturer of liquors 13,173,470$ 1 0.94%
Edward Health Ventures Healthcare 9,196,905 2 0.66%
Wal-Mart Stores Inc.Discount department store 6,626,576 3 0.47%
Meijer Discount department store 6,084,457 4 0.43%
Menard's Inc.Home improvement center 4,479,464 5 0.32%
Dayfield Properties Developer 4,261,630 6 0.30%
Target Discount department store 4,191,105 7 0.30%
Coilplus Illinois Inc.Flat rolled steel processing 3,599,430 8 0.26%
Mars-Kensington North LLC Land development 2,660,396 9 0.19%
Sun-Times Media Plainfield LLC Newspaper publisher 2,635,589 10 0.19%
TOTAL 51,951,232$ 3.75%56,909,022$ 4.06%
** Formerly called United Distillers Manufacturing Inc.
Data Source
Will County Clerk's Office
Because of the Village’s small valuation in Kendall County, only Will County information was used in this statement.
Reasonable efforts have been made to determine and report the largest taxpayers and to include all taxable property of those taxpayers listed.Many of the taxpayers
listed, however, may own multiple parcels, and it is possible that some parcels and their valuations have been overlooked.
VILLAGE OF PLAINFIELD, ILLINOIS
2019 2010
PRINCIPAL PROPERTY TAXPAYERS
Current Year and Nine Years Ago
- 118 -
Levy Collection Fiscal Percentage Collections in Total Collections Total Collections
Year Year Year Tax Levied Amount of Levy Subsequent Years To Date To Date
2008 2009 2010 5,361,674$ 5,352,303$ 99.83%N/A 5,352,303$ 99.83%
2009 2010 2011 5,407,741 5,399,892 99.85%N/A 5,399,892 99.85%
2010 2011 2012 5,069,976 5,054,072 99.69%N/A 5,054,072 99.69%
2011 2012 2013 5,366,861 5,294,951 98.66%N/A 5,294,951 98.66%
2012 2013 2014 5,370,957 5,279,123 98.29%N/A 5,279,123 98.29%
2013 2014 2015 5,368,140 5,355,819 99.77%N/A 5,355,819 99.77%
2014 2015 2016 5,478,241 5,462,475 99.71%N/A 5,462,475 99.71%
2015 2016 2017 5,658,448 5,644,737 99.76%N/A 5,644,737 99.76%
2016 2017 2018 5,988,257 5,959,759 99.52%N/A 5,959,759 99.52%
2017 2018 2019 6,215,904 6,205,547 99.83%N/A 6,205,547 99.83%
Note: Levies and collections for tax levy years 2008 - 2010 include Will County only.
N/A - Information not available
Data Sources
Office of the County Clerk - Will County, Illinois
Office of the County Clerk - Kendall County, Illinois
Total Collections within the
Levy Year
VILLAGE OF PLAINFIELD, ILLINOIS
PROPERTY TAX LEVIES AND COLLECTIONS
Last Ten Levy Years
- 119 -
VILLAGE OF PLAINFIELD, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES, AND TAX EXTENSIONS
Last Ten Levy Years
Tax Levy Year 2009 2010 2011 2012 2013
ASSESSED VALUATION 1,401,098,375$ 1,318,896,845$ 1,244,982,885$ 1,178,610,057$ 1,149,746,660$
Rate Amount Rate Amount Rate Amount Rate Amount Rate Amount
TAX EXTENSIONS
General 0.2067 2,877,525$ 0.2012 2,643,631$ 0.2032 2,529,533$ 0.2158 2,543,386$ 0.2210 2,541,014$
Debt service 0.0024 33,611 0.0086 113,418 0.0090 112,021 0.0098 115,469 0.0098 112,648
Police Pension 0.0500 704,504 0.0682 899,517 0.0721 897,766 0.0767 903,769 0.0783 900,238
IMRF 0.0410 578,458 0.0436 573,793 0.0461 574,000 0.0490 577,376 0.0500 574,887
Police protection 0.0571 805,330 0.0607 799,295 0.0641 798,146 0.0682 803,595 0.0696 800,217
Audit 0.0007 11,148 0.0029 38,241 0.0031 38,567 0.0030 35,338 0.0034 39,030
Liability insurance 0.0500 704,504 0.0227 299,426 0.0321 399,660 0.0342 402,909 0.0348 400,106
TOTAL TAX EXTENSIONS 0.4079 5,715,080$ 0.4079 5,367,321$ 0.4297 5,349,693$ 0.4567 5,381,842$ 0.4669 5,368,140$
- 120 -
VILLAGE OF PLAINFIELD, ILLINOIS
PROPERTY TAX ASSESSED VALUATIONS, RATES, AND TAX EXTENSIONS (Continued)
Last Ten Levy Years
Tax Levy Year 2014 2015 2016 2017 2018
ASSESSED VALUATION 1,173,327,609$ 1,211,918,620$ 1,282,556,687$ 1,331,313,906$ 1,390,180,402$
Rate Amount Rate Amount Rate Amount Rate Amount Rate Amount
TAX EXTENSIONS
General 0.2099 2,463,239$ 0.1974 2,393,149$ 0.1974 2,452,961$ 0.2002 2,671,680$ 0.2159 3,001,704$
Debt service 0.0098 114,957 0.0097 117,462 0.0097 118,846 0.0089 118,180 0.0083 115,321
Police Pension 0.0811 951,470 0.0911 1,103,800 0.0911 1,370,987 0.1057 1,404,818 0.0936 1,301,135
IMRF 0.0492 577,137 0.0476 576,756 0.0476 575,818 0.0407 540,770 0.0389 540,734
Police protection 0.0683 801,299 0.0662 802,149 0.0662 801,498 0.0711 945,182 0.0788 1,095,434
Audit 0.0033 38,713 0.0035 42,394 0.0035 42,308 0.0033 43,814 0.0026 36,071
Liability insurance 0.0453 531,426 0.0514 622,738 0.0514 625,839 0.0370 491,460 0.0288 400,353
TOTAL TAX EXTENSIONS 0.4669 5,478,241$ 0.4669 5,658,448$ 0.4669 5,988,257$ 0.4669 6,215,904$ 0.4669 6,490,752$
- 121 -
Calendar Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
General merchandise 1,619,652$ 1,704,879$ 1,422,877$ 1,888,789$ 2,014,318$ 2,957,023$ 2,923,484$ 2,872,245$ 2,810,504$ 2,878,191$
Food 530,171 469,346 447,894 377,464 405,981 619,855 920,851 760,833 862,417 1,063,115
Drinking and eating places 904,118 942,498 1,038,892 1,259,374 1,481,747 1,547,675 1,656,683 1,749,367 1,767,933 1,893,015
Apparel 104,996 120,139 347,612 127,335 121,980 87,001 139,606 162,603 179,296 179,438
Furniture, H.H., and radio 142,158 145,517 141,098 157,320 125,553 133,673 147,176 140,391 133,176 134,476
Lumber, building hardware 547,665 535,803 552,466 675,008 812,648 888,333 938,009 999,130 1,002,964 1,009,777
Automobile and filling stations 1,355,716 1,443,543 1,867,893 2,364,926 2,738,000 1,593,137 1,511,396 1,595,968 1,939,282 2,183,218
Drugs and miscellaneous retail 889,549 959,238 1,036,231 1,384,198 1,564,115 1,588,279 919,458 1,449,363 1,375,599 1,279,519
Agriculture and all others 480,942 465,556 468,099 291,404 300,709 376,539 877,983 545,409 556,959 594,384
Manufacturers 208,888 184,640 64,035 82,726 125,084 150,191 140,846 187,450 232,970 245,528
TOTAL 6,783,855$ 6,971,159$ 7,387,097$ 8,608,544$ 9,690,135$ 9,941,706$ 10,175,492$ 10,462,759$ 10,861,100$ 11,460,661$
Village direct sales tax rate 1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%
Village home rule sales tax rate*1.00%1.00%1.00%1.00%1.50%1.50%1.50%1.50%1.50%1.50%
*1.50% effective July 1, 2012.
Data Source
Illinois Department of Revenue - Will County only
VILLAGE OF PLAINFIELD, ILLINOIS
SALES TAX BY CATEGORY
Last Ten Calendar Years
- 122 -
DIRECT AND OVERLAPPING SALES TAX RATES
Last Ten Calendar Years
Village Village
Calendar Direct Home Rule Will County RTA State Total
Year Rate Rate Rate Rate Rate Rate
2009 1.00%1.00%0.25%0.75%5.00%8.00%
2010 1.00%1.00%0.25%0.75%5.00%8.00%
2011 1.00%1.00%0.25%0.75%5.00%8.00%
2012 1.00%1.50%0.25%0.75%5.00%8.50%
2013 1.00%1.50%0.25%0.75%5.00%8.50%
2014 1.00%1.50%0.25%0.75%5.00%8.50%
2015 1.00%1.50%0.25%0.75%5.00%8.50%
2016 1.00%1.50%0.25%0.75%5.00%8.50%
2017 1.00%1.50%0.25%0.75%5.00%8.50%
2018 1.00%1.50%0.25%0.75%5.00%8.50%
Note: The home rule sales tax rate increases for the Village were effective January 1, 2008 and July 1, 2012.
The tax rate for the Regional Transit Authority increased effective April 1, 2008.
Data Source
Village and Illinois Department of Revenue
VILLAGE OF PLAINFIELD, ILLINOIS
- 123 -
RATIOS OF OUTSTANDING DEBT BY TYPE
Last Ten Fiscal Years
Percentage
Fiscal General Installment General Illinois Total of
Year Obligation Notes Obligation Revenue EPA Primary Personal Per
Ended Bonds Payable Bonds Bonds Loan Government Income*Capita*
2010 34,655,000$ 12,398$ 15,530,000$ 16,385,000$ -$ 66,582,398$ 5.00%1,682$
2011 32,980,000 -14,265,000 16,030,000 1,710,999 64,985,999 5.00%1,642
2012 31,845,000 -12,945,000 15,665,000 3,273,202 63,728,202 5.00%1,610
2013 29,930,000 -11,575,000 15,285,000 3,093,385 59,883,385 4.12%1,435
2014 27,985,000 -9,735,000 14,885,000 2,946,902 55,551,902 3.67%1,320
2015 28,162,546 -8,816,853 16,449,941 2,795,259 56,224,599 3.53%1,323
2016 25,895,431 -7,201,017 16,019,942 2,641,714 51,758,104 3.08%1,206
2017 23,481,950 -5,494,025 15,474,342 2,486,244 46,936,561 2.63%1,069
2018 20,985,301 -3,726,754 14,903,742 2,328,825 41,944,622 N/A 955
2019 18,384,607 -1,900,751 14,308,142 2,169,432 36,762,932 N/A 837
Note: Details of the Village's outstanding debt can be found in the notes to financial statements.
*See the schedule of Demographic and Economic Information for personal income and population data.
N/A - information not available
Data Source
Audited Financial Statements
Activities
VILLAGE OF PLAINFIELD, ILLINOIS
Governmental Business-Type
Activities
- 124 -
RATIOS OF GENERAL BONDED DEBT OUTSTANDING
Last Ten Fiscal Years
Percentage of
Less Amounts Equalized
General Available Assessed
Fiscal Obligation In Debt Value of Per
Year Bonds Service Fund Total Property Capita
2010 34,655,000$ -$ 34,654,887$ 2.63%876$
2011 32,980,000 - 32,979,882 2.65%833
2012 31,845,000 - 31,843,653 2.70%805
2013 29,930,000 - 29,929,119 2.60%756
2014 27,985,000 - 27,984,082 2.43%707
2015 36,979,399 - 36,979,399 3.05%870
2016 33,096,448 - 33,096,448 2.58%771
2017 28,975,975 - 28,975,975 2.18%660
2018 24,712,055 - 24,712,055 1.78%560
2019 20,285,358 - 20,285,358 N/A N/A
N/A - information not available
VILLAGE OF PLAINFIELD, ILLINOIS
- 125 -
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
Percentage Village's
Gross Debt Applicable Share
Governmental Unit Debt to the Village*of Debt
Village of Plainfield 18,384,607$ 100.000%18,384,607$
Will County - (2)(3)6.131%-
Will County Forest Preserve District 97,975,000 (1)6.131%6,006,847
Kendall County - (2)2.862%-
Kendall County Forest Preserve District 35,860,000 2.862%1,026,313
Plainfield Fire Protection District - (2)78.511%-
Oswegoland Park District 7,485,000 7.990%598,052
Plainfield Park District 11,649,000 45.619%5,314,157
Oswego Public Library District 5,780,000 7.644%441,823
Plainfield Unit School District #202 189,625,000 (3)35.381%67,091,221
Indian Prairie Unit School District #204 168,830,000 (3)0.593%1,001,162
Oswego Unit School District #308 290,728,062 (1)6.767%19,673,568
DuPage Community College #502 151,525,000 (2)0.066%100,007
Waubonsee Community College #516 52,510,000 1.444%758,244
Joliet Community College #525 69,785,000 (2)5.869%4,095,682
Total Overlapping Debt 1,081,752,062 106,107,076
TOTAL DIRECT AND OVERLAPPING DEBT 1,100,136,669$ 124,491,683$
(1) Includes original principal amounts of outstanding General Obligation Capital Appreciation Bonds.
(3) Excludes outstanding debt certificates.
Data Sources
The Village, Will, and Kendall County Clerk's Offices
VILLAGE OF PLAINFIELD, ILLINOIS
April 30, 2019
(2)Excludes principal amounts of outstanding General Obligation Alternate Revenue Source Bonds which are
expected to be paid from sources other than general taxation.
*The percentage of overlapping debt applicable is estimated using taxable assessed property values.Applicable
percentages were estimated by determining the portion of the Village's taxable assessed value that is within the
government's boundaries and dividing it by the Village's total taxable assessed value.
- 126 -
PLEDGED-REVENUE COVERAGE
WATER REVENUE BONDS
Last Ten Fiscal Years
Water
Fiscal Charges Debt Service
Year and Other Principal Interest Coverage
2010 9,510,526$ -$ 812,199$ 11.71$
2011 10,135,734 355,000 845,026 8.45
2012 11,482,986 365,000 829,960 9.61
2013 14,066,990 380,000 814,366 11.78
2014 13,361,542 400,000 797,785 11.16
2015 13,407,793 415,000 893,871 10.24
2016 14,224,684 430,000 514,054 15.07
2017 15,071,122 540,000 590,719 13.33
2018 16,004,417 565,000 567,081 14.14
2019 16,819,225 590,000 541,350 14.87
Data Source
Audited financial statements
VILLAGE OF PLAINFIELD, ILLINOIS
Note:Details of the Village's outstanding debt can be found in the notes to financial
statements.
- 127 -
DEMOGRAPHIC AND ECONOMIC INFORMATION
Last Ten Fiscal Years
Per
Median Capita
Fiscal Household Personal Personal Unemployment
Year Population Income Income Income Rate
2010 39,581 105,897$ 1,309,814,452$ 33,092$ 8.6%
2011 40,151 *108,239 1,381,274,702 34,402 8.4%
2012 40,446 *111,637 1,428,229,152 35,312 7.5%
2013 41,739 *108,928 1,454,437,194 34,846 7.7%
2014 42,085 *111,536 1,515,354,595 36,007 6.0%
2015 42,484 *111,521 1,592,385,288 37,482 5.0%
2016 42,933 *116,896 1,678,937,898 39,106 4.7%
2017 43,926 121,746 1,785,020,862 40,637 4.0%
2018 44,138 N/A N/A N/A 3.5%
2019 N/A N/A N/A N/A 3.6%
N/A - information not available
Data Sources
U.S. Census Bureau - 2010 census data
*Census.gov estimate
Household and per capita income:
U.S. Census Bureau - American Fact Finder
2005-2009 American Community Survey 5-Yr Estimates
2006-2010 American Community Survey 5-Yr Estimates
2007-2011 American Community Survey 5-Yr Estimates
2008-2012 American Community Survey 5-Yr Estimates
2009-2013 American Community Survey 5-Yr Estimates
2010-2014 American Community Survey 5-Yr Estimates
2011-2015 American Community Survey 5-Yr Estimates
2012-2016 American Community Survey 5-Yr Estimates
Unemployment Rate:
Illinois Department of Employment Security (2018 through June - not seasonally adjusted)
VILLAGE OF PLAINFIELD, ILLINOIS
- 128 -
PRINCIPAL EMPLOYERS
Current Year and Nine Years Ago
Percent Percent
of Total of Total
No. of Village No. of Village
Employer Rank Employees Population Employer Rank Employees Population
Plainfield CUSD #202 1 3,500 7.93%Plainfield CUSD #202 1 3,395 8.58%
Diageo North America, Inc.2 581 1.32%Chicago Bridge & Iron Co.2 730 1.84%
Wal-Mart 3 385 0.87%Jewel 3 380 0.96%
Jewel-Osco 4 335 0.76%Diageo North America 4 300 0.76%
McDermott Intl (Chicago Bridge & Iron)5 300 0.68%Wal-Mart 5 285 0.72%
Meijer 6 216 0.49%Meijer 6 275 0.69%
Target 7 170 0.39%Target 7 160 0.40%
Village of Plainfield 8 144 0.33%Village of Plainfield 8 130 0.33%
Lakewood Nursing and Rehab Center 9 135 0.31%HPD, A Veolia Water Solutions Co.9 120 0.30%
Community Unit School District 308 10 133 0.30%Plainfield Precision 10 95 0.24%
Population Population
44,138 39,581
Note: May include both full-time and full-time equivalent employees.
Data Source
From a canvas of employers, IL Services and Manufacturers Directory, Harris Illinois Industrial Directory
VILLAGE OF PLAINFIELD, ILLINOIS
20102019
- 129 -
Function/Program 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Administration/Finance 14.50 14.50 14.50 15.00 14.50 15.50 16.00 16.00 16.00 16.00
Police Department 77.00 73.50 75.50 75.50 76.50 76.50 77.50 76.50 76.50 80.00
Streets Department 19.50 17.00 17.50 18.50 18.50 18.50 18.50 18.50 18.50 18.50
Community Development 7.00 7.50 7.50 8.00 8.00 8.00 9.50 14.00 15.00 15.00
Water and Sewer Department 12.00 11.50 12.50 11.50 11.50 11.50 11.50 11.50 11.50 10.50
Public Works Engineering 3.00 2.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 4.00
TOTAL 133.00 126.00 130.50 131.50 132.00 133.00 136.00 139.50 140.50 144.00
Data Source
Village Human Resources Department
VILLAGE OF PLAINFIELD, ILLINOIS
FULL-TIME EQUIVALENT EMPLOYEES
Last Ten Fiscal Years
- 130 -
Function/Program 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
PUBLIC SAFETY
Police
Calls for service 39,228 41,048 40,490 37,529 34,570 33,252 34,031 34,176 33,476 37,915
Total traffic citations 12,455 12,125 14,037 11,086 9,819 7,951 6,974 6,842 6,285 7,464
Total DUI arrests 187 154 104 119 107 89 69 66 76 99
Total crashes 984 1,109 980 1,010 1,121 1,200 1,272 1,020 1,151 1,347
D.A.R.E Program student attendance 1,100 1,100 1,150 1,200 4,544 1,200 1,631 2,100 2,100 790
BUILDING PERMITS ISSUED
New residential units 66 58 88 111 135 166 138 143 144 180
General construction inspections 5,335 4,300 4,884 6,619 8,016 6,367 7,801 8,095 8,816 8,453
Commercial/office/industrial added (sq ft.)24,659 172,926 90,770 71,414 194,250 - 59,399 342,429 38,757 95,421
Acreage annexed 24 5 2.1 277 6 87 177 6 59 207
BUILDING PERMIT REVENUE
(*fiscal year)592,852$ 294,862$ 275,144$ 447,103$ 561,591$ 677,304$ 983,448$ 952,317$ 855,481$ 1,087,619$
PUBLIC WORKS
Asphalt patching/pothole repairs (tons)292 285 195 136 109 104 72 55 156 122
Shoulder stone repaired (tons)430 464 843 1,173 824 945 390 277 748 1,096
Snow removal events 45 29 20 12 26 27 23 21 19 30
Street sweeping (lane miles)1,976 1,760 1,627 1,958 1,635 1,334 1,398 1,906 2,180 1,964
Grounds maintenance and mowing (hours)2,070 1,974 2,280 1,709 1,904 1,552 1,674 1,026 1,483 2,949
UTILITY BILLING (*fiscal year)
Number of metered accounts 149,687 149,687 148,031 151,816 153,205 154,914 156,826 159,281 161,083 162,422
Water consumption billed (cubic feet)
Residential 116,145,176 110,246,350 111,002,800 123,367,085 123,441,600 125,383,157 115,777,283 107,567,800 112,559,000 110,776,966
Commercial 16,569,010 17,304,912 20,570,922 16,671,638 22,609,487 13,257,815 13,161,991 17,301,547 20,934,889 18,481,670
Industrial 17,298,465 17,259,429 13,933,361 14,311,880 17,775,104 19,647,597 18,882,494 18,682,642 19,888,798 23,267,214
WATER
Average daily flow (MGD)3.096 3.062 3.091 3.49 3.205 3.098 3.136 3.092 3.234 3.34
Peak daily flow (MGD)5.732 5.841 6.324 6.644 5.941 4.656 5.292 5.768 5.218 6
Water main breaks 6 4 5 2 1 6 4 4 9 4
Number of valves exercised 166 2061 28 19 513 1,096 441 28 1,700 1,200
VILLAGE OF PLAINFIELD, ILLINOIS
OPERATING INDICATORS
Last Ten Calendar Years
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Function/Program 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
WASTEWATER
Miles of sanitary sewer main 220 220 220 220 220 220 220 221 221 220
Average daily flow (MGD)3.746 3.55 3.964 3.21 4.441 4.663 4.460 4.372 4.763 4.587
Bio-solids treated (tons)605 730 642 799 771 945 879 888 893 972
Sewers inspected/cleaned (feet)12,000 9,000 3,308 23,200 13,200 6,200 14,006 13,450 13,197 24,568
Data Source
Various Village departments
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CAPITAL ASSET STATISTICS
Last Ten Fiscal Years
Function/Program 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
PUBLIC SAFETY
Police
Stations 1 1 1 1 1 1 1 1 1 1
Area patrols 6 6 6 6 6 6 6 6 6 6
Patrol units/shift 6 6 7 6 6 6 6 6 6 6
PUBLIC WORKS
Lane miles of streets 410 410 410 410 410 410 410 410 410 410
Traffic signals 7 7 7 4 4 4 4 4 4 4
WATER
Water mains (miles)226 226 226 229 229 229 229 230 230 230
Storage capacity (gallons)9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000
WASTEWATER
Sanitary sewers (miles)220 220 220 220 220 220 220 221 221 221
Treatment capacity (gallons)7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000
Data Source
Various Village departments
VILLAGE OF PLAINFIELD, ILLINOIS
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