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HomeMy Public PortalAbout11-25-2019 COW Agenda and PacketCommittee of the Whole Workshop of the President and the Board of Trustees Monday, November 25, 2019 7:00 PM 24401 W. Lockport Street Plainfield, IL 60544 In the Boardroom Agenda A.CALL TO ORDER, ROLL CALL, PLEDGE B.APPROVAL OF THE MINUTES B.1.Approval of the Minutes of the Committee of the Whole Workshop held on October 14, 2019. 10-14-2019 COW Minutes C.PRESIDENTIAL COMMENTS C.1.Presentation to Trustee Newton D.TRUSTEES COMMENTS E.PUBLIC COMMENTS (3-5 minutes) F.WORKSHOP F.1.2020-2021 DRAFT FISCAL YEAR BUDGET Staff will give an overview of the proposed Police Department Budget. 2020-2021 Draft Fiscal Year Police Budget Detail Budget Performance Report through November 21, 2019 F.2.YEAR 2019 TAX LEVY Year 2019 Tax Levy Staff Report Police Pension Fund Valuation as of May 1, 2019 REMINDERS - •November 28-29 Village Offices Closed •December 2 Village Board Meeting – 7:00 p.m. •December 3 Plan Commission – 7:00 p.m. 1 Committee of the Whole Workshop of the President and the Board of Trustees Page - 2 •December 9 Next Committee of the Workshop – 7:00 p.m. 2 Minutes of the Committee of the Whole Workshop of the President and the Board of Trustees Held on October 14, 2019 In the Boardroom Mayor Collins called the meeting to order at 7:00p.m. Board Present: Mayor Collins, Trustee Wojowski, Trustee Benton, Trustee Bonuchi, Trustee Calkins, Trustee Larson, and Trustee Newton. Others present: Brian Murphy, Administrator; Allen Persons, Public Works Director; Jon Proulx, Planning Director; Lonnie Spires, Building Official; Traci Pleckham, Management Services Director; and John Konopek, Chief of Police. There were approximately 5 persons in the audience. Trustee Bonuchi moved to approve the Minutes of the Committee of the Whole Workshop held on September 23, 2019. Second by Trustee Larson. Voice Vote. All in favor, 0 opposed. Motion carried. Motion carried. PRESIDENTIAL COMMENTS No Comments. TRUSTEE COMMENTS No Comments. PUBLIC COMMENTS No Comments. WORKSHOP 1) 2019 AUDIT Mr. Dan Berg and Ms. Sarah Montanari reviewed the 2018-2019 Fiscal Year Audit. Ms. Montanari stated that they have issued a clean, unmodified opinion which is the best opinion that they can provide to the Village. 2)FY 2019-2020 BUDGET UPDATE Mrs. Traci Pleckham, Management Services Director, gave an update on the current fiscal year budget. Mrs. Pleckham gave an overview of the current general fund revenues and expenses. Mrs. Pleckham reviewed revenues including property taxes, municipal sales tax, local use tax, local income tax, personal property replacement tax, building permit fees, refuse fees, local motor fuel tax, and franchise fees. Mrs. Pleckham then gave a summary of general fund expenses. Mayor Collins read the reminders. On a motion from Trustee Larson and second by Trustee Bonuchi, the meeting adjourned at 7:38 p.m. Michelle Gibas, Village Clerk 3 Ili IN .,,...._, ",.,.,at,, General Fund I 4 ,-tP.,..,.r.,. I ;,: P1 AI NFIELD Police Division Summary 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2016 FY 2017 FY 2018 FY 2019 Adopted Proposed Classification Actual Actual Actual Actual Budget Budget Fund:01- General Fund Expenditures Total Police Department Salaries and Wages 6,673,211 6,839,442 7,076,406 7,431,449 7,740,460 8,432,741 Benefits 2,840,912 3,064,648 3,342,703 3,485,115 3,563,659 3,960,448 Utilities 57,103 57,217 59,597 68,639 65,280 64,304 Supplies and Commodities 296,740 284,324 319,678 316,388 381,950 377,920 Contractual Services 1,040,595 1,067,694 981,636 1,083,725 1,251,667 1,304,274 Other 42,164 50,006 133,141 300,794 202,200 155,650 Total - Police Department $10,950,725 $11,363,331 $11,913,161 $12,686,110 $13,205,216 $14,295,337 Police Division Expense History 16,000,000 14,000,000 12,000,000 10,000,000 Other al$8,000,000 Contractual Services NI 11111 Ell III Supplies and Commodities i $6,000,000 an al h. Utilities 4,000,000 1111 1111 a Benefits 2,000,000 .1111 Salaries and Wages 0 I FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Actual Actual Actual Actual Adopted Proposed Budget Budget 4 I General Fund 1-I .IIvI -°IE. IiIi 5 1» mot iii ., L- General Fund t i-n•s,i•n,q. .0 VILLAGE OF PI,AINFIELD Police Division Detail 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2017 FY 2018 FY 2019 Adopted Proposed Description Actual Actual Actual Budget Budget Division: 51-Police Operations SAL-Salaries and Wages Salaries-Full Time 3,329,740 3,612,010 3,972,682 4,105,555 4,778,497 Salaries-Part Time 0 257,795 245,263 275,000 265,000 Salaries-Overtime 263,296 331,280 306,702 350,000 300,000 Total:Salaries and Wages $3,593,036 $4,201,085 $4,524,647 $4,730,555 $5,343,497 BEN - Benefits FICA 214,599 253,591 271,691 293,294 331,297 Medicare 50,935 59,593 64,010 68,593 77,481 IMRF 6,289 42,654 41,580 55,689 55,011 Employer Pension Contrib. 1,101,142 1,364,479 1,402,475 1,300,000 1,580,000 Employee Insurance 528,507 579,887 615,423 689,835 740,625 Deferred Comp. Contrib. 91,162 92,270 122,332 130,000 130,000 Travel/Training 35,571 32,525 32,232 36,000 43,000 Total: Benefits $2,028,205 $2,424,999 $2,549,743 $2,573,411 $2,957,414 UTIL- Utilities Telephone/Internet 24,799 24,613 29,305 27,180 13,604 Cellular Phones/Pagers 5,005 5,368 5,365 5,500 20,844 Total: Utilities $29,804 $29,981 $34,670 $32,680 $34,448 SUPP-Supplies and Commodities Office Supplies/Postage 13,298 12,680 14,553 13,500 13,500 Replacement Supplies 15,850 18,015 18,178 18,000 18,000 Dues&Subscriptions 1,388 1,223 1,124 3,400 3,900 Gas/Oil/Mileage/Carwash 63,833 81,113 91,570 85,000 85,000 K-9 Unit 4,514 4,578 4,655 4,000 4,000 Uniforms/Clothing 32,246 41,291 37,983 41,000 48,000 Ammunition/Weapons 25,791 27,884 32,522 28,000 28,000 Bike Unit 0 1,260 825 6,000 3,500 Total:Supplies&Commodities $156,920 $188,044 $201,410 $198,900 $203,900 Contrac-Contractual Services Traffic Programs 21,124 21,518 20,302 24,800 21,400 Radio Maintenance 272 2,933 955 2,000 2,000 Maintenance Contracts/Lease 11,702 13,552 15,656 16,567 19,275 Vehicle Maintenance 68,997 61,079 78,393 60,000 65,000 Contractual Services 14,533 12,479 13,887 15,000 16,000 Contractual Svcs-WESCOM 564,842 582,731 602,845 603,000 608,000 Animal Control 0 6,710 4,440 14,000 9,000 Total:Contractual Services $681,470 $701,002 $736,478 $735,367 $740,675 Total: Police Operations 6,489,435 $7,545,111 $8,046,948 $8,270,913 $9,279,934 6 r, .,,1I,, General Fund I *1...1 1 I-11 .1/-0I0 Ilt vNG PLAINFIELD Police Division Detail 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2017 FY 2018 FY 2019 Adopted Proposed Description Actual Actual Actual Budget Budget Division: 52-Police Administration SAL-Salaries and Wages Salaries-Full Time 1,290,356 815,503 1,042,704 1,095,531 1,129,154 Salaries-Overtime 94,859 85,112 79,262 100,000 75,000 Total:Salaries and Wages $1,385,215 $900,615 $1,121,966 $1,195,531 $1,204,154 BEN -Benefits FICA 84,084 63,061 68,145 74,123 74,658 Medicare 19,883 14,748 15,999 17,335 17,460 IMRF 0 0 6,773 8,195 8,400 Employee Insurance 210,770 167,976 177,746 186,309 182,720 Deferred Comp. Contrib. 40,468 26,657 39,548 45,000 45,000 Travel/Training 12,632 8,938 10,445 15,600 13,000 Total: Benefits $367,837 $281,380 $318,656 $346,562 $341,238 UTIL- Utilities Telephone/Internet 1,593 1,728 2,238 1,500 1,404 Cellular Phones/Pagers 7,514 9,243 11,609 9,800 12,924 Total: Utilities 9,107 $10,971 $13,847 $11,300 $14,328 SUPP-Supplies and Commodities Office Supplies/Postage 5,294 4,822 2,488 5,500 5,500 Replacement Supplies 269 4,824 893 4,000 4,000 Dues&Subscriptions 3,512 3,470 5,050 4,070 4,070 Gas/Oil/Mileage/Carwash 20,480 15,810 16,974 25,000 25,000 Crime Scene/Evidence Tech 7,338 10,649 7,851 8,000 5,000 Uniforms/Clothing 10,061 6,105 7,199 8,900 8,900 Total:Supplies&Commodities $46,954 $45,680 $40,455 $55,470 $52,470 Contrac-Contractual Services Explorer Program 4,369 9,304 6,471 5,000 5,000 Radio Maintenance 0 415 0 500 500 Maintenance Contracts/Lease 4,048 3,825 3,735 4,200 5,420 Vehicle Maintenance 12,013 11,889 14,102 15,000 15,000 Background Check Svcs.995 1,764 2,330 2,500 2,500 Accreditation 8,437 4,595 4,595 4,100 8,000 Total:Contractual Services $29,862 $31,792 $31,233 $31,300 $36,420 Total: Police Administration 1,838,975 $1,270,438 $1,526,157 $1,640,163 $1,648,610 7 ie.. i_tw.... .• ii . ,i General Fund i..,-, ' 1-.11.I.i1+11 ...111 VILLAGE PLAINFIELD Police Division Detail 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2017 FY 2018 FY 2019 Adopted Proposed Description Actual Actual Actual Budget Budget Division: 53-Police Records SAL-Salaries and Wages Salaries-Full Time 401,678 445,733 216,142 222,150 230,738 Salaries-Part Time 0 21,248 27,636 36,311 37,219 Salaries-Overtime 10,112 7,263 6,235 6,000 6,000 Total:Salaries and Wages $411,790 $474,244 $250,013 $264,461 $273,957 BEN -Benefits FICA 24,805 28,561 15,877 16,397 16,985 Medicare 5,806 6,680 3,713 3,835 3,972 IMRF 33,213 34,268 26,816 31,735 32,875 Employee Insurance 115,826 100,044 56,492 31,666 31,908 Deferred Comp. Contrib. 11,003 11,047 8,966 12,000 12,000 Travel/Training 1,797 4,063 2,136 2,750 2,750 Total: Benefits $192,450 $184,663 $114,000 $98,383 $100,490 UTIL-Utilities Telephone/Internet 1,593 1,728 2,238 1,500 1,404 Total: Utilities 1,593 1,728 2,238 1,500 1,404 SUPP-Supplies and Commodities Office Supplies/Postage 7,380 10,377 8,624 10,000 10,000 Dues&Subscriptions 87 50 15 480 350 Uniforms/Clothing 1,611 2,828 1,019 1,500 1,500 Total:Supplies&Commodities 9,078 $13,255 9,658 $11,980 $11,850 Contrac-Contractual Services Maintenance Contracts/Lease 2,160 3,585 2,160 4,460 5,540 Total:Contractual Services 2,160 3,585 2,160 4,460 5,540 Total: Police Records 617,071 $677,475 $378,069 $380,784 $393,241 8 Nita,... "m. si""L,., General Fund PLAINFIELD Police Division Detail 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2017 FY 2018 FY 2019 Adopted Proposed Description Actual Actual Actual Budget Budget Division: 54-Seizure/Forfeiture Contrac-Contractual Services Seizure/Forfeiture Exp. 156,827 85,954 123,515 225,000 225,000 Total:Contractual Services $156,827 $85,954 $123,515 $225,000 $225,000 Total:Seizure/Forfeiture 156,827 $85,954 $123,515 $225,000 $225,000 Division:55-Police Special Activities SAL-Salaries and Wages Salaries-Special Activities 46,555 88,380 77,522 32,513 32,513 Total:Salaries and Wages $46,555 $88,380 $77,522 $32,513 $32,513 BEN - Benefits FICA 2,621 4,949 4,927 2,016 2,016 Medicare 620 1,159 1,169 471 471 Total: Benefits 3,241 6,108 6,096 2,487 2,487 SUPP-Supplies and Commodities Mobile Field Force 0 201 0 1,000 0 Total:Supplies&Commodities 0 201 0 1,000 0 Total: Police Special Activities 49,796 $94,689 $83,618 $36,000 $35,000 9 General Fund I I-IP.1.,-t.,. III VILLAGEE OF PLAINPolice Division Detail 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2017 FY 2018 FY 2019 Adopted Proposed Description Actual Actual Actual Budget Budget Division: 56-Community Services SAL-Salaries and Wages Salaries-Full Time 556,142 764,801 909,075 952,453 978,194 Salaries-Part Time 210,280 8,947) 203 0 0 Salaries-Overtime 28,729 49,411 46,408 40,000 45,000 Total:Salaries and Wages $795,151 $805,265 $955,686 $992,453 $1,023,194 BEN - Benefits FICA 47,860 42,711 57,350 61,532 63,438 Medicare 11,231 10,033 13,508 14,391 14,836 IMRF 49,462 6,224 5,514 7,191 7,640 Employee Insurance 113,185 113,711 164,841 172,396 174,016 Deferred Comp. Contrib. 5,100 17,519 27,000 22,000 29,000 Travel/Training 10,133 14,172 12,670 20,000 15,000 Total:Benefits $236,971 $204,370 $280,883 $297,510 $303,930 UTIL- Utilities Telephone/Internet 1,593 1,728 2,238 2,000 1,404 Cellular Phones/Pagers 2,759 2,721 2,709 3,000 3,036 Total: Utilities 4,352 4,449 4,947 5,000 4,440 SUPP-Supplies and Commodities Office Supplies/Postage 2,898 1,333 2,661 3,100 3,600 Replacement Supplies 752 7,735 931 6,200 6,200 Dues&Subscriptions 1,904 1,260 1,319 2,200 2,200 Gas/Oil/Mileage/Carwash 14,878 8,793 9,783 16,000 13,000 Uniforms/Clothing 5,957 6,271 4,443 8,600 9,000 Total:Supplies&Commodities $26,389 $25,392 $19,137 $36,100 $34,000 Contrac-Contractual Services Community Programs 3,590 7,508 4,895 5,500 8,500 Community Prog-Alc/Tobacco 145 128 152 2,500 2,500 Radio Maintenance 33,761 7,813 25,962 26,800 26,800 Maintenance Contracts 1,023 0 0 2,180 2,520 Vehicle Maintenance 22,653 8,627 16,321 25,000 20,000 DARE Program 1,983 4,818 4,159 5,000 5,000 Chaplaincy Program 2,655 1,330 1,097 3,000 3,000 Animal Control 7,140 0 0 0 0 Total:Contractual Services $72,950 $30,224 $52,586 $69,980 $68,320 OTHER-Other Shop With a Cop 9,500 14,040 13,600 10,000 10,000 Total:OTHER-Other 9,500 $14,040 $13,600 $10,000 $10,000 Total:Community Services 1,145,313 $1,083,740 $1,326,839 $1,411,043 $1,443,884 10 i;1,! ,;,;;..._, ""i,,.,. General Fund 1..1-I 1 1-I1••J••-,•1. I l l PLAIINFIELD Police Division Detail 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2017 FY 2018 FY 2019 Adopted Proposed Description Actual Actual Actual Budget Budget Division: 57-Court Services SAL-Salaries and Wages Salaries-Full Time 121,359 126,146 129,880 134,680 142,714 Salaries- Part Time 37,461 24,116 25,268 25,476 40,800 Salaries-Overtime 0 110 100 1,000 1,000 Total:Salaries and Wages $158,820 $150,372 $155,248 $161,156 $184,514 BEN - Benefits FICA 9,695 9,039 9,282 9,992 11,440 Medicare 2,267 2,114 2,171 2,337 2,675 IMRF 18,054 16,862 16,579 18,944 21,747 Employee Insurance 37,630 38,394 40,435 42,245 42,457 Deferred Comp. Contrib. 4,807 4,843 4,879 5,500 5,500 Travel/Training 161 993 2,252 3,000 3,000 Total: Benefits $72,614 $72,245 $75,598 $82,018 $86,819 UTIL-Utilities Telephone/Internet 1,283 1,349 1,741 1,500 1,092 Total: Utilities 1,283 1,349 1,741 1,500 1,092 SUPP-Supplies and Commodities Office Supplies/Postage 8,745 8,722 8,300 10,000 10,000 Dues&Subscriptions 8,151 8,986 9,808 9,800 10,000 Uniforms/Clothing 564 339 809 600 600 Total:Supplies&Commodities $17,460 $18,047 $18,917 $20,400 $20,600 Contrac-Contractual Services Maintenance Contracts/Lease 1,920 1,920 1,920 1,920 2,160 Legal Fees 8,405 13,749 13,816 20,000 20,000 Total:Contractual Services $10,325 $15,669 $15,736 $21,920 $22,160 Total:Court Services 260,502 $257,682 $267,240 $286,994 $315,185 Division:91-Capital OTHER-Other Office Furniture& Equip. 5,864 716 4,590 8,000 8,000 Machinery and Equipment 13,396 103,600 262,011 162,200 115,650 Total:OTHER-Other $19,260 $104,316 $266,601 $170,200 $123,650 Total:Capital 19,260 $104,316 $266,601 $170,200 $123,650 Division:93-Contingencies OTHER-Other Contingencies 13,888 11,767 18,119 12,000 12,000 Total:OTHER-Other $13,888 $11,767 $18,119 $12,000 $12,000 Total:Contingencies 13,888 $11,767 $18,119 $12,000 $12,000 Total: Police Department 11,127,444 $11,670,140 $12,605,380 $13,051,045 $14,125,586 11 General Fund VILLAGE OE PLAINFIELD Police Division Detail 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2017 FY 2018 FY 2019 Adopted Proposed Description Actual Actual Actual Budget Budget Unit:07-PEMA SAL-Salaries and Wages Salaries-Full Time 124,512 122,865 0 0 0 Total:Salaries and Wages $124,512 $122,865 0 0 0 BEN - Benefits FICA 7,126 7,685 0 0 0 Medicare 1,790 1,797 0 0 0 Employee Insurance 18,319 19,502 0 0 0 Deferred Comp. Contrib. 4,022 1,700 0 0 0 Travel/Training 572 1,299 1,377 4,000 4,000 Total:Benefits $31,829 $31,983 1,377 4,000 4,000 UTIL- Utilities Telephone/Internet 5,347 6,263 6,590 6,000 6,000 Cellular Phones/Pagers 3,451 2,775 2,117 5,200 780 Total: Utilities 8,798 9,038 8,707 $11,200 6,780 SUPP-Supplies and Commodities Office Supplies/Postage 303 185 739 1,000 1,000 Replacement Supplies 1,473 2,374 2,215 10,000 6,000 Dues&Subscriptions 1,910 2,228 3,153 4,000 4,000 Gas/Oil/Mileage/Carwash 5,236 5,313 4,461 8,000 8,000 Supplies/Hardware 182 585 1,245 2,000 2,000 Supplies/Hardware-ESDA 617 370 514 2,000 2,000 Uniforms/Clothing 4,075 4,215 2,094 6,000 6,000 Bike Unit 0 16 0 500 1,500 Total:Supplies&Commodities $13,796 $15,286 $14,421 $33,500 $30,500 Contrac-Contractual Services Emergency Operation Center 0 0 933 1,000 1,000 Police Public Relations 0 0 524 2,000 3,000 Disaster Plan/Exercises/NIMS 26 0 216 3,000 3,000 Radio Maintenance 7,176 9,856 10,939 15,000 12,000 Maintenance Contracts/Lease 1,312 1,295 1,269 1,200 1,200 Building Maintenance 0 3,589 1,059 5,000 20,000 Vehicle Maintenance 19,361 16,904 17,620 20,000 20,000 Siren Maintenance 9,556 10,214 10,246 13,000 13,000 Contractual Services 740 1,315 194 5,250 5,250 CERT/Cadet Program 2,153 1,545 2,001 5,500 5,500 PEMA Search and Rescue 0 4,129 1,500 4,000 4,000 Total:Contractual Services $40,324 $48,847 $46,501 $74,950 $87,950 OTHER-Other Office Furniture& Equipment 684 304 228 2,000 2,000 Machinery and Equipment 5,514 1,409 1,710 5,000 5,000 Contingencies 1,160 1,305 536 3,000 3,000 Total:OTHER-Other 7,358 3,018 2,474 $10,000 $10,000 Total: PEMA 226,617 $231,037 $73,480 $133,650 $139,230 12 I,;I; m-_, ...., a,.., General Fund VILLAGEF PLAINFIELD Police Division Detail 2020-2021 Fiscal Year Budget FY 2020 FY 2021 FY 2017 FY 2018 FY 2019 Adopted Proposed Description Actual Actual Actual Budget Budget Unit: 50-Police Commission Division:02-Administration Program SAL-Salaries and Wages Salaries-Part Time 681 1,679 2,101 5,500 5,500 Total:Salaries and Wages 681 1,679 2,101 5,500 5,500 BEN - Benefits FICA 35 105 118 341 341 Medicare 8 25 28 80 80 Travel/Training 0 0 138 1,000 1,000 Total: Benefits 43 130 284 1,421 1,421 SUPP-Supplies and Commodities Office Supplies/Postage 133 496 412 2,000 2,000 Dues&Subscriptions 375 375 375 600 600 Total:Supplies&Commodities 508 871 787 2,600 2,600 Contrac-Contractual Services Legal Fees 0 0 0 1,000 1,000 Police Testing/Hiring 8,038 8,664 4,078 10,000 20,000 Contractual Services 0 640 0 0 0 Total:Contractual Services 8,038 9,304 4,078 $11,000 $21,000 Total: Police Commission 9,270 $11,984 7,250 $20,521 $30,521 Police Division Total 11,363,331 $11,913,161 $12,686,110 $13,205,216 $14,295,337 13 Performance ii1 1I7 um rtr__ 1 w r i 1 -- VILLAGE o r •, ,' Fiscal Year to Date 11/21/19 PLAINFIELD Exclude R llup Account Adopted Budget Amended Current Month YTD YTD Budget-YTD %Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Prior Year YTD Fund 01-General Fund EXPENSE Unit O5-Police Department Division 02-Administration Program 1005 Salaries-Full Time 322,291.00 00 322,291.00 22,821.43 00 183,062.17 139,228.83 57 178,129.24 1015 Salaries-Part Time 35,000.00 00 35,000.00 2,450.48 00 18,632.35 16,367.65 53 19,514.36 1800 Salaries-Overtime 1,000.00 00 1,000.00 507.43 00 658.89 341.11 66 262.68 2000 FICA 22,214.00 00 22,214.00 1,521.99 00 12,003.30 10,210.70 54 11,732.00 2001 Medicare 5,195.00 00 5,195.00 355.94 00 2,807.20 2,387.80 54 2,743.77 2010 IMRF 24,728.00 00 24,728.00 1,409.23 00 11,073.50 13,654.50 45 12,824.24 2020 Employee Insurance 67,730.00 00 67,730.00 5,377.19 00 42,911.22 24,818.78 63 37,703.93 2025 Deferred Comp.Contribution 8,000.00 00 8,000.00 00 00 00 8,000.00 0 00 3000 Travel/Training 7,000.00 00 7,000.00 35.00 00 2,601.94 4,398.06 37 1,367.54 3001 Education/School 3,000.00 00 3,000.00 1,302.50 00 1,813.66 1,186.34 60 00 3015 IL Unemployment Insurance 20,000.00 00 20,000.00 00 00 8,861.10 11,138.90 44 8,844.70 4000 Telephone/Internet 1,300.00 00 1,300.00 00 00 347.03 952.97 27 1,199.47 4005 Cellular Phones/Pagers 800.00 00 800.00 56.28 00 335.98 464.02 42 413.69 5005 Office Supplies/Postage 8,000.00 00 8,000.00 282.01 00 2,075.07 5,924.93 26 3,323.93 5010 Replacement Supplies 3,500.00 00 3,500.00 34.94 00 1,627.17 1,872.83 46 640.48 5015 Dues&Subscriptions 5,000.00 00 5,000.00 00 00 2,184.00 2,816.00 44 2,127.05 5020 Gas/Oil/Mileage/Carwash 3,700.00 00 3,700.00 00 00 603.59 3,096.41 16 629.55 5095 Uniforms/Clothing 1,800.00 00 1,800.00 00 00 1,462.31 337.69 81 1,437.48 8035 Maintenance Contracts/Lease 7,190.00 00 7,190.00 565.59 00 3,571.00 3,619.00 50 3,225.53 8040 Custodian 60,000.00 00 60,000.00 626.32 00 20,982.52 39,017.48 35 19,721.65 8060 Vehicle Maintenance 2,500.00 00 2,500.00 223.72 00 262.63 2,237.37 11 62.49 8135 Contractual Services 8,000.00 00 8,000.00 454.00 00 1,895.00 6,105.00 24 1,395.93 Division 02-Administration Program Totals $617,948.00 0.00 $617,948.00 $38,024.05 0.00 $319,771.63 $298,176.37 52% $307,299.71 Division 51-Police Operations 1005 Salaries-Full Time 4,105,555.00 00 4,105,555.00 323,475.33 00 2,403,187.35 1,702,367.65 59 2,252,437.16 1015 Salaries-Part Time 275,000.00 00 275,000.00 21,904.24 00 161,762.69 113,237.31 59 145,989.28 1800 Salaries-Overtime 350,000.00 00 350,000.00 17,084.35 00 172,545.90 177,454.10 49 193,068.32 2000 FICA 293,294.00 00 293,294.00 21,776.41 00 165,108.86 128,185.14 56 157,125.14 2001 Medicare 68,593.00 00 68,593.00 5,149.57 00 38,670.83 29,922.17 56 36,747.03 2010 IMRF 55,689.00 00 55,689.00 3,109.54 00 23,745.71 31,943.29 43 25,934.74 2011 Employer Pension Contributions 1,300,000.00 00 1,300,000.00 102.91 00 1,267,745.36 32,254.64 98 1,386,394.66 2020 Employee Insurance 689,835.00 00 689,835.00 48,918.98 00 417,765.15 272,069.85 61 354,736.63 2025 Deferred Comp.Contribution 130,000.00 00 130,000.00 00 00 00 130,000.00 0 00 3000 Travel/Training 36,000.00 00 36,000.00 1,444.56 00 28,498.26 7,501.74 79 15,568.27 4000 Telephone/Internet 27,180.00 00 27,180.00 2,376.47 00 22,178.34 5,001.66 82 14,126.15 4005 Cellular Phones/Pagers 5,500.00 00 5,500.00 469.22 00 2,824.89 2,675.11 51 2,617.36 5005 Office Supplies/Postage 13,500.00 00 13,500.00 1,220.93 00 4,429.56 9,070.44 33 6,942.88 Run by Traci Pleckham on 11/21/2019 01:23:09 PM Page 1 of 6 14 B tnull... _i._inr, i .__-u„i w i Report I-I 1 I I ....HPluUmIIls i III VILLAGE OF Fiscal Year to Date 11/21/19 PLAINFIELD Exclude RolUup Account Adopted Budget Amended Current Month YTD YTD Budget-YTD %Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Prior Year YTD Fund 01-General Fund EXPENSE Unit 05-Police Department Division 51-Police Operations 5010 Replacement Supplies 18,000.00 00 18,000.00 951.84 00 3,364.36 14,635.64 19 7,210.69 5015 Dues&Subscriptions 3,400.00 00 3,400.00 00 00 401.50 2,998.50 12 387.50 5020 Gas/Oil/Mileage/Carwash 85,000.00 00 85,000.00 104.00 00 53,235.25 31,764.75 63 50,020.70 5068 K-9 Unit 4,000.00 00 4,000.00 00 00 1,178.10 2,821.90 29 1,431.17 5095 Uniforms/Clothing 41,000.00 00 41,000.00 2,779.06 00 25,245.16 15,754.84 62 20,205.44 5100 Ammunition/Weapons 28,000.00 00 28,000.00 2,245.00 00 3,014.73 24,985.27 11 9,515.27 5115.001 Traffic Programs 24,800.00 00 24,800.00 4,247.00 00 8,522.00 16,278.00 34 4,130.76 8003 Radio Maintenance 2,000.00 00 2,000.00 00 00 00 2,000.00 0 519.99 8035 Maintenance Contracts/Lease 16,567.00 00 16,567.00 76.96 00 2,243.07 14,323.93 14 13,176.00 8060 Vehicle Maintenance 60,000.00 00 60,000.00 5,632.18 00 32,081.68 27,918.32 53 36,699.04 8069 Bike Unit 6,000.00 00 6,000.00 00 00 3,736.53 2,263.47 62 825.00 8135 Contractual Services 15,000.00 00 15,000.00 00 00 12,478.92 2,521.08 83 12,478.92 8265 Contractual Services-Wescom 603,000.00 00 603,000.00 00 00 350,828.94 252,171.06 58 351,659.56 8267 Animal Control 14,000.00 00 14,000.00 500.00 00 4,350.00 9,650.00 31 1,790.00 Division 51-Police Operations Totals $8,270,913.00 0.00 $8,270,913.00 $463,568.55 0.00 $5,209,143.14 $3,061,769.86 63% $5,101,737.66 Division 52-Police Administration 1005 Salaries-Full Time 1,095,531.00 00 1,095,531.00 73,629.72 00 588,593.29 506,937.71 54 595,280.47 1800 Salaries-Overtime 100,000.00 00 100,000.00 1,810.59 00 39,039.81 60,960.19 39 57,606.55 2000 FICA 74,123.00 00 74,123.00 4,542.63 00 38,056.15 36,066.85 51 39,714.24 2001 Medicare 17,335.00 00 17,335.00 1,062.40 00 8,900.22 8,434.78 51 9,287.99 2010 IMRF 8,195.00 00 8,195.00 503.36 00 3,760.18 4,434.82 46 3,959.73 2020 Employee Insurance 186,309.00 00 186,309.00 12,691.79 00 116,969.33 69,339.67 63 103,676.47 2025 Deferred Comp.Contribution 45,000.00 00 45,000.00 00 00 00 45,000.00 0 00 3000 Travel/Training 15,600.00 00 15,600.00 95.00 00 7,925.67 7,674.33 51 8,606.58 4000 Telephone/Internet 1,500.00 00 1,500.00 00 00 413.74 1,086.26 28 1,542.16 4005 Cellular Phones/Pagers 9,800.00 00 9,800.00 910.75 00 5,734.14 4,065.86 59' 5,937.93 5005 Office Supplies/Postage 5,500.00 00 5,500.00 855.70 00 1,566.64 3,933.36 28 1,589.11 5010 Replacement Supplies 4,000.00 00 4,000.00 00 00 00 4,000.00 0 64.00 5015 Dues&Subscriptions 4,070.00 00 4,070.00 00 00 2,617.65 1,452.35 64 3,620.00 5020 Gas/Oil/Mileage/Carwash 25,000.00 00 25,000.00 321.81 00 9,455.77 15,544.23 38 8,905.53 5040.002 Crime Scene/Evidence Tech Supply 8,000.00 00 8,000.00 00 00 4,083.17 3,916.83 51 2,501.05 5095 Uniforms/Clothing 8,900.00 00 8,900.00 947.85 00 4,867.00 4,033.00 55 4,527.05 5115.004 Community Programs-Explorer Program 5,000.00 00 5,000.00 590.20 00 10,015.58 5,015.58) 200 3,526.30 8003 Radio Maintenance 500.00 00 500.00 00 00 00 500.00 0 00 8035 Maintenance Contracts/Lease 4,200.00 00 4,200.00 41.22 00 1,544.33 2,655.67 37 1,650.00 8060 Vehicle Maintenance 15,000.00 00 15,000.00 3,068.87 00 10,375.69 4,624.31 69 10,677.56 8250 Background Check Services 2,500.00 00 2,500.00 00 00 872.80 1,627.20 35 1,243.83 Run by Traci Pleckham on 11/21/2019 01:23:09 PM Page 2 of 6 15 e1• 1 1..1.. 1 Ilii... 1 , ;1111 iiir r W!! Budget Performance Report ui 'I 111 VILLAGE OP s i Year to Date 11/2:1/19 PLAINFIELD Exclude RoHun Account Adopted Budget Amended Current Month YTD YTD Budget-YTD %Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Prior Year YTD Fund 01-General Fund EXPENSE Unit 05-Police Department Division 52-Police Administration 8268 Accreditation 4,100.00 00 4,100.00 00 00 4,595.00 495.00) 112 4,595.00 Division 52-Police Administration Totals $1,640,163.00 0.00 $1,640,163.00 $101,071.89 0.00 $859,386.16 $780,776.84 52% $868,511.55 Division 53-Police Records 1005 Salaries-Full Time 222,150.00 00 222,150.00 17,017.94 00 127,399.07 94,750.93 57 156,943.52 1015 Salaries-Part Time 36,311.00 00 36,311.00 2,607.94 00 20,060.77 16,250.23 55 12,285.47 1800 Salaries-Overtime 6,000.00 00 6,000.00 781.05 00 4,205.54 1,794.46 70 2,413.27 2000 FICA 16,397.00 00 16,397.00 1,258.96 00 9,359.73 7,037.27 57 10,503.34 2001 Medicare 3,835.00 00 3,835.00 294.43 00 2,188.97 1,646.03 57 2,456.42 2010 IMRF 31,735.00 00 31,735.00 1,950.92 00 14,556.37 17,178.63 46 18,545.45 2020 Employee Insurance 31,666.00 00 31,666.00 2,383.11 00 20,733.04 10,932.96 65 31,360.33 2025 Deferred Comp.Contribution 12,000.00 00 12,000.00 00 00 00 12,000.00 0 00 3000 Travel/Training 2,750.00 00 2,750.00 50.69 00 776.76 1,973.24 28 735.36 4000 Telephone/Internet 1,500.00 00 1,500.00 00 00 413.74 1,086.26 28 1,542.16 5005 Office Supplies/Postage 10,000.00 00 10,000.00 648.88 00 6,225.86 3,774.14 62 3,957.96 5015 Dues&Subscriptions 480.00 00 480.00 00 00 10.00 470.00 2 15.00 5095 Uniforms/Clothing 1,500.00 00 1,500.00 158.64 00 778.46 721.54 52 615.92 8035 Maintenance Contracts/Lease 4,460.00 00 4,460.00 60.82 00 4,128.93 331.07 93 1,080.00 Division 53-Police Records Totals $380,784.00 0.00 $380,784.00 $27,213.38 0.00 $210,837.24 $169,946.76 55% $242,454.20 Division 54-Seizure/Forfeiture 5012 Asset Seizure/Forfeiture Expense 225,000.00 00 225,000.00 00 00 5,725.28 219,274.72 3 58,751.42 5012.030 Asset Seizure/Forfeture-Federal(DOJ Equitable Share) 00 00 00 00 00 18,053.94 (18,053.94) +++ 00 Division 54-Seizure/Forfeiture Totals $225,000.00 0.00 $225,000.00 0.00 0.00 $23,779.22 $201,220.78 11% $58,751.42 Division 55-Police Special Activities 1005.061 Salaries-Special Activities 32,513.00 00 32,513.00 6,663.19 00 48,675.60 (16,162.60) 150 57,687.46 2000 FICA 2,016.00 00 2,016.00 392.01 00 2,946.76 930.76) 146 3,489.21 2001 Medicare 471.00 00 471.00 95.08 00 692.59 221.59) 147 816.05 5045 Mobile Field Force 1,000.00 00 1,000.00 00 00 00 1,000.00 0 00 Division 55-Police Special Activities Totals $36,000.00 0.00 $36,000.00 7,150.28 0.00 $52,314.95 ($16,314.95) 145% $61,992.72 Division 56-Community Services 1005 Salaries-Full Time 952,453.00 00 952,453.00 69,287.79 00 558,721.20 393,731.80 59 524,249.98 1800 Salaries-Overtime 40,000.00 00 40,000.00 7,955.67 00 36,092.14 3,907.86 90 34,688.54 2000 FICA 61,532.00 00 61,532.00 4,667.18 00 35,848.93 25,683.07 58 33,840.76 2001 Medicare 14,391.00 00 14,391.00 1,091.52 00 8,383.98 6,007.02 58 7,914.36 2010 IMRF 7,191.00 00 7,191.00 367.18 00 2,758.05 4,432.95 38 3,456.83 2020 Employee Insurance 172,396.00 00 172,396.00 12,665.79 00 106,468.15 65,927.85 62 95,729.42 2025 Deferred Comp.Contribution 22,000.00 00 22,000.00 00 00 00 22,000.00 0 00 3000 Travel/Training 20,000.00 00 20,000.00 385.00 00 8,314.88 11,685.12 42 8,889.95 Run by Traci Pleckham on 11/21/2019 01:23:09 PM Page 3 of 6 16 1,i..._._..._..II 6 w ,,Budget Performance Report I•• le A I iI, n„ - i...F.ay„:3 Year to Date11Ii il l nysi 111 VILLAGE OF 19 PLAINFIELD Exclude Ro lup Account Adopted Budget Amended Current Month YTD YTD Budget-YTD %Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Recd Prior Year YTD Fund 01-General Fund EXPENSE Unit 05-Police Department Division 56-Community Services 4000 Telephone/Internet 2,000.00 00 2,000.00 00 00 508.40 1,491.60 25 1,542.17 4005 Cellular Phones/Pagers 3,000.00 00 3,000.00 222.01 00 1,327.48 1,672.52 44 1,362.54 5005 Office Supplies/Postage 3,100.00 00 3,100.00 57.63 00 651.81 2,448.19 21 553.11 5010 Replacement Supplies 6,200.00 00 6,200.00 129.88 00 2,874.38 3,325.62 46 875.36 5015 Dues&Subscriptions 2,200.00 00 2,200.00 40.00 00 149.00 2,051.00 7 194.00 5020 Gas/Oil/Mileage/Carwash 16,000.00 00 16,000.00 27.03 00 5,750.20 10,249.80 36 5,896.90 5095 Uniforms/Clothing 8,600.00 00 8,600.00 700.64 00 3,800.42 4,799.58 44 2,786.60 5115.002 Community Programs 5,500.00 00 5,500.00 136.42 00 3,359.37 2,140.63 61 1,968.62 5115.003 Community Prog.-Alcohol/Tobacco 2,500.00 00 2,500.00 00 00 24.13 2,475.87 1 37.98 8003 Radio Maintenance 26,800.00 00 26,800.00 00 00 9,476.74 17,323.26 35 9,765.83 8035 Maintenance Contracts/Lease 2,180.00 00 2,180.00 103.38 00 781.49 1,398.51 36 00 8060 Vehicle Maintenance 25,000.00 00 25,000.00 525.98 00 4,694.87 20,305.13 19 5,606.08 8245 D.A.R.E.Program 5,000.00 00 5,000.00 00 00 759.78 4,240.22 15 506.23 8246 Shop with a Cop 10,000.00 00 10,000.00 00 00 755.00 9,245.00 8 300.00 8266 Chaplaincy Program 3,000.00 00 3,000.00 00 00 829.91 2,170.09 28 1,056.74 Division 56-Community Services Totals $1,411,043.00 0.00 $1,411,043.00 $98,363.10 0.00 $792,330.31 $618,712.69 56% $741,222.00 Division 57-Court Services 1005 Salaries-Full Time 134,680.00 00 134,680.00 10,538.50 00 78,362.71 56,317.29 58 74,386.54 1015 Salaries-Part Time 25,476.00 00 25,476.00 1,880.18 00 15,629.27 9,846.73 61 14,490.28 1800 Salaries-Overtime 1,000.00 00 1,000.00 00 00 48.74 951.26 5 00 2000 FICA 9,992.00 00 9,992.00 742.95 00 5,656.64 4,335.36 57 5,301.94 2001 Medicare 2,337.00 00 2,337.00 173.76 00 1,322.91 1,014.09 57 1,239.97 2010 IMRF 18,944.00 00 18,944.00 1,211.82 00 9,149.44 9,794.56 48 9,918.72 2020 Employee Insurance 42,245.00 00 42,245.00 3,106.51 00 26,835.16 15,409.84 64 23,504.53 2025 Deferred Comp.Contribution 5,500.00 00 5,500.00 00 00 00 5,500.00 0 00 3000 Travel/Training 3,000.00 00 3,000.00 00 00 637.82 2,362.18 21 2,032.00 4000 Telephone/Internet 1,500.00 00 1,500.00 00 00 384.90 1,115.10 26 1,199.45 5005 Office Supplies/Postage 10,000.00 00 10,000.00 776.92 00 3,333.81 6,666.19 33 4,130.65 5015 Dues&Subscriptions 9,800.00 00 9,800.00 902.92 00 4,696.60 5,103.40 48 4,522.35 5095 Uniforms/Clothing 600.00 00 600.00 00 00 122.57 477.43 20 634.30 8035 Maintenance Contracts/Lease 1,920.00 00 1,920.00 00 00 1,158.11 761.89 60 960.00 8065 Legal Fees 20,000.00 00 20,000.00 00 00 11,500.00 8,500.00 58 11,858.75 Division 57-Court Services Totals $286,994.00 0.00 $286,994.00 $19,333.56 0.00 $158,838.68 $128,155.32 55% $154,179.48 Division 91-Capital 9115 Office Furniture&Equipment 8,000.00 00 8,000.00 00 00 00 8,000.00 0 00 9120 Machinery and Equipment 162,200.00 00 162,200.00 33,629.22 00 36,150.74 126,049.26 22 231,484.12 Mayonions 91-Capital Totals $170,200.00 0.00 $170,200.00 $33,629.22 0.00 $36,150.74 $134,049.26 21% $231,484.12 Run by Traci Pleckham on 11/21/2019 01:23:09 PM Page 4 of 6 17 IN li III II irt! HI-1111"114-1 a I iidget Performance Report 1---I--II- r1---I- I I -1PUI.nysls 1-III VILLAGE OF Fiscal Year to Date 11/21/19 PLAINFIELD Exclude Roilup Account Adopted Budget Amended Current Month YTD YTD Budget-YTD %Used/ Account Au '.;nt Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Recd Prior Year YTD Fund 01-Gener&Fund EXPENSE Unit 05-Police Department Division 93-Contingencies 9300 Contingencies 12,000.00 00 12,000.00 794.00 00 16,436.06 4,436.06) 137 4,176.44 Division 93-Contingencies Totals $12,000.00 0.00 $12,000.00 794.00 0.00 $16,436.06 ($4,436.06) 137%4,176.44 Unit 05-Police Department Totals $13,051,045.00 0.00 $13,051,045.00 $789,148.03 0.00 $7,678,988.13 $5,372,056.87 59% $7,771,809.30 Unit 07-PEMA Division 07-PEMA Program 3000 Travel/Training 4,000.00 00 4,000.00 00 00 390.43 3,609.57 10 233.20 4000 Telephone/Internet 6,000.00 00 6,000.00 151.85 00 3,299.75 2,700.25 55 4,125.00 4005 Cellular Phones/Pagers 5,200.00 00 5,200.00 44.96 00 409.12 4,790.88 8 1,088.93 5005 Office Supplies/Postage 1,000.00 00 1,000.00 00 00 00 1,000.00 0 89.46 5010 Replacement Supplies 10,000.00 00 10,000.00 455.72 00 1,949.67 8,050.33 19 914.18 5015 Dues&Subscriptions 4,000.00 00 4,000.00 265.61 00 3,351.60 648.40 84 2,450.27 5020 Gas/Oil/Mileage/Carwash 8,000.00 00 8,000.00 64.21 00 2,638.75 5,361.25 33 2,205.25 5040 Supplies/Hardware 2,000.00 00 2,000.00 00 00 95.93 1,904.07 5 00 5040.001 Supplies/Hardware-ESDA 2,000.00 00 2,000.00 00 00 364.27 1,635.73 18 17.78 5095 Uniforms/Clothing 6,000.00 00 6,000.00 00 00 1,103.40 4,896.60 18 268.60 5110 Emergency Operation Center 1,000.00 00 1,000.00 00 00 00 1,000.00 0 00 5115 Police Public Relations 2,000.00 00 2,000.00 00 00 1,654.08 345.92 83 00 5120 Disaster Plan/Exercises/NIMS 3,000.00 00 3,000.00 00 00 00 3,000.00 0 00 8003 Radio Maintenance 15,000.00 00 15,000.00 00 00 00 15,000.00 0 1,520.00 8020 Building Maintenance 5,000.00 00 5,000.00 00 00 118.15 4,881.85 2 135.24) 8035 Maintenance Contracts/Lease 1,200.00 00 1,200.00 00 00 1,381.57 181.57) 115 656.16 8060 Vehicle Maintenance 20,000.00 00 20,000.00 1,038.47 00 1,865.46 18,134.54 9 15,586.04 8069 Bike Unit 500.00 00 500.00 00 00 00 500.00 0 00 8125 Siren Maintenance 13,000.00 00 13,000.00 443.70 00 1,866.45 11,133.55 14 4,049.11 8135 Contractual Services 5,250.00 00 5,250.00 00 00 00 5,250.00 0 74.00 8280 Cadet Program 5,500.00 00 5,500.00 1,751.10 00 1,751.10 3,748.90 32 1,565.62 8305 PEMA Search and Rescue 4,000.00 00 4,000.00 00 00 3,423.90 576.10 86 00 9115 Office Furniture&Equipment 2,000.00 00 2,000.00 00 00 00 2,000.00 0 00 9120 Machinery and Equipment 5,000.00 00 5,000.00 00 00 00 5,000.00 0 00 9300 Contingencies 3,000.00 00 3,000.00 00 00 220.00 2,780.00 7 00 Division 07-PEMA Program Totals $133,650.00 0.00 $133,650.00 4,215.62 0.00 $25,883.63 $107,766.37 19% $34,708.36 Unit 07-PEMA Totals $133,650.00 0.00 $133,650.00 4,215.62 0.00 $25,883.63 $107,766.37 19% $34,708.36 Unit 50-Police Commission Division 02-Administration Program 1015 Salaries-Part Time 5,500.00 00 5,500.00 159.23 00 1,402.09 4,097.91 25 678.38 2000 FICA 341.00 00 341.00 9.52 00 84.94 256.06 25 42.05 2001 Medicare 80.00 00 80.00 2.23 00 19.88 60.12 25 9.84 Run by Traci Pleckham on 11/21/2019 01:23:09 PM Page 5 of 6 18 n i fit---- iiii.w udget Performance Report 1-•1 I I 111.I.u.lsl.i4i VILLAGE OF Fiscal Year to Date 11/21/19 PLAINFIELD Exclude Rollup Account Adopted Budget Amended Current Month YTD YTD Budget-YTD %Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Prior Year YTD Fund 01-General Fund EXPENSE Unit 50-Police Commission Division 02-Administration Program 3000 Travel/Training 1,000.00 00 1,000.00 00 00 121.40 878.60 12 87.50 5005 Office Supplies/Postage 2,000.00 00 2,000.00 00 00 138.89 1,861.11 7 53.75 5015 Dues&Subscriptions 600.00 00 600.00 375.00 00 375.00 225.00 62 375.00 8065 Legal Fees 1,000.00 00 1,000.00 00 00 00 1,000.00 0 00 8115 Police Testing/Hiring 10,000.00 00 10,000.00 8,080.00 00 25,906.85 (15,906.85) 259 27.50 Division 02-Administration Program Totals $20,521.00 0.00 $20,521.00 8,625.98 0.00 $28,049.05 ($7,528.05) 137%1,274.02 Unit 50-Police Commission Totals $20,521.00 0.00 $20,521.00 8,625.98 0.00 $28,049.05 ($7,528.05) 137%1,274.02 EXPENSE TOTALS $13,205,216.00 0.00 $13,205,216.00 $801,989.63 0.00 $7,732,920.81 $5,472,295.19 59% $7,807,791.68 Fund 01-General Fund Totals REVENUE TOTALS 00 00 00 00 00 00 00 +++ 00 EXPENSE TOTALS 13,205,216.00 00 13,205,216.00 801,989.63 00 7,732,920.81 5,472,295.19 59% 7,807,791.68 Fund 01-General Fund Totals ($13,205,216.00) 0.00 ($13,205,216.00) ($801,989.63) 0.00 ($7,732,920.81) ($5,472,295.19) 7,807,791.68) Grand Totals REVENUE TOTALS 00 00 00 00 00 00 00 +++ 00 EXPENSE TOTALS 13,205,216.00 00 13,205,216.00 801,989.63 00 7,732,920.81 5,472,295.19 59% 7,807,791.68 Grand Totals ($13,205,216.00) 0.00 ($13,205,216.00) ($801,989.63) 0.00 ($7,732,920.81) ($5,472,295.19) 7,807,791.68) Run by Traci Pleckham on 11/21/2019 01:23:09 PM Page 6 of 6 19 1 i 1I I ff en ! . ," q E i MEMORANDUM I-.1"I ten iu' i.. i i VILLAGE OF PLAINFIELD To: Mayor Collins and the Board of Trustees From: Traci Pleckham—Management Services Director CC: Brian Murphy—Village Administrator Date: November 18, 2019 Subject: Year 2019 Tax Levy Attached please find the proposed 2019 tax levy calculations. Rather than calculating the tax levy based on maintaining the same levy dollar amount, staff has calculated the 2019 levy by maintaining the 2018 levy rate of.4669. Consistent with Village Board direction, this levy rate has remained unchanged for the past six years. Tax levy revenue and rate projections are largely a product of the Village's overall Equalized Assessed Valuation (EAV). The EAV used in the property tax calculation averages the property owner's assessed valuation over a three-year period. Based on preliminary information received from Will and Kendall Counties,the overall EAV is estimated to increase this year by approximately 5%. The Village's official EAV will not be available until the spring of 2020. It is important to point out that the Village approves the annual tax levy based on dollars requested (not rate).The County Clerk then calculates the tax rate needed to produce the amount of dollars requested by each taxing district. Because of this, staff is using in its calculations a higher overall Equalized Assessed Value (EAV). This higher EAV estimate is to ensure that the Village captures the entire amount of the Village's EAV, while still maintaining the 2018 levy rate of.4669. The 2019 levy represents a total request of$6,880,000; however the actual dollar amount the Village will receive is anticipated to be less. As a reminder,the information provided is specific only to the Village of Plainfield's portion of the property tax bills. The Village of Plainfield's portion of the 2018 tax levy was 5.39%. Or, for every dollar paid in property taxes by Village residents, 5.39 cents is paid to the Village of Plainfield. The Village Board must approve the annual property tax levy ordinance and file in both Will and Kendall Counties prior to the last Tuesday in December. The proposed 2019 tax levy timeline is as follows: December 2, 2019 Village Board Meeting: Motion to acknowledge the preliminary estimate of the 2019 tax levy in the amount of$6,880,000 December 5, 2019: Newspaper publication of the Notice of the Public Hearing for the Tax levy December 16, 2019 Village Board Meeting: Public Hearing on the proposed 2019 Tax Levy December 16, 2019 Village Board Meeting: consideration of the 2019 Tax Levy Ordinance for the Village of Plainfield 20 VILLAGE OF PLAINFIELD 2019 TAX LEVY WORKSHEET 2018 Equalized Assessed Valuation 1,390,180,402 Estimate of 2019 Equalized Assessed Valuation: 1,473,591,226 Recommended Levy 2018 2018 Extended Recommended Rate Levy Levy Rate Levy Request Produced Percentage Corporate 3,001,704 0.2159 3,270,000 0.2219 47.5291% Police Protection 1,095,434 0.0788 1,300,000 0.0882 18.8953% Immunity 400,353 0.0288 150,000 0.0102 2.1802% IMRF 540,734 0.0389 550,000 0.0373 7.9942% Audit 36,071 0.0026 30,000 0.0020 0.4360% Police Pension 1,301,135 0.0936 1,580,000 0.1072 22.9651% Operating Levy 6,375,431 0.4586 6,880,000 0.4669 100.00% GO Bonds (1999A) 115,321 0.0083 0 0.0000 Total Levy 6,490,752 0.4669 6,880,000 0.4669 Increase over 2018 Operating Levy 504,569 Increase over 2018 Total Levy 389,248 21 Village of Plainfield Village Property Tax Rates and Extensions 2009 through 2018 Tax Levy Years Property Tax Rates 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 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 0.4079 0.4079 0.4297 0.4567 0.4669 0.4669 0.4669 0.4669 0.4669 0.4669 Extensions 5,715,080 5,367,321 5,349,693 5,381,842 5,368,140 5,478,241 5,658,448 5,988,257 6,215,904 6,490,752 Property Tax Extensions 7,000,000 e 6,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 I 2p09 2010 20112p12 2p13 2014 2015 2p16 201 20151 Property Tax Rates 0.4800 0.4400 0.4200 d _d 0.4000 0.3800 0.3600 20p9 2010 2011 2p12 2013 2p14 2015 2p1-6 2013 2p1g 22 Village of Plainfield - Will County Comparison of Tax Rates per $100 of Assessed Valuation 2009 2012 2013 2014 2015 2016 2017 2018 Levy Levy Levy Levy Levy Levy Levy Levy Rates Rates Rates Rates Rates Rates Rates Tax Rate Percentage Village of Plainfield 0.4079 0.4567 0.4669 0.4669 0.4669 0.4669 0.4669 0.4669 5.39% Will County & Forest Preserve 0.6543 0.7244 0.8186 0.8410 0.8295 0.8091 0.7881 0.7431 8.57% School District 202 4.5876 5.8323 6.2265 6.2622 6.2410 5.8941 5.7067 5.5732 64.29% Joliet Junior College 525 0.2144 0.2768 0.2955 0.3085 0.3065 0.3099 0.2994 0.2924 3.37% Plainfield Township Park District 0.1740 0.2433 0.2535 0.2742 0.2692 0.2560 0.2541 0.2591 2.99% Plainfield Public Library District 0.1421 0.1894 0.2013 0.2057 0.2021 0.1939 0.1921 0.1893 2.19% Plainfield Fire Protection District 0.8419 0.9216 0.9970 1.0122 1.0036 0.9674 0.9650 0.9537 11.00% Township and Other 0.1483 0.1960 0.2106 0.2125 0.2091 0.1991 0.1952 0.1908 2.20% Total Tax Rate 7.1705 8.8405 9.4699 9.5832 9.5279 9.0964 8.8675 8.6685 100.01% Village of Plainfield Township and Other 5.39% Plainfield Public 2.20% Library District Plainfield Fire Plainfield Township 2.19% Protection District Will County&Forest Park District 11.00% Preserve 2.99% I 8.57% Joliet Junior College 525 3.37% School District 202 64.29% 23 VILLAGE OF PLAINFIELD POLICE PENSION FUND ACTUARIAL VALUATION AS OF MAY 1,2019 CONTRIBUTIONS APPLICABLE TO THE PLAN/FISCAL YEAR ENDING APRIL 30,2021 GASB 67/68 DISCLOSURE INFORMATION AS OF APRIL 30,2019 FOSTER & FOSTER 24 r FOSTER & FOSTER August 28,2019 Ms.Colleen Thornton Village of Plainfield 24401 W.Lockport Street Plainfield,IL 60544 Re: Actuarial Valuation Report(including GASB Statements No. 67 and No.68)—Village of Plainfield Police Pension Fund Dear Ms.Thornton: We are pleased to present to the Village this report of the annual actuarial valuation of the Village of Plainfield Police Pension Fund. Included are the related results for GASB Statements No.67 and No. 68. The funding valuation was performed to determine whether the assets and contributions are sufficient to provide the prescribed benefits and to develop the appropriate funding requirements for the applicable plan year. The calculation of the liability for GASB results was performed for the purpose of satisfying the requirements of GASB Statements No.67 and No.68. Use of the results for other purposes may not be applicable and could produce significantly different results. The valuation has been conducted in accordance with generally accepted actuarial principles and practices,including the applicable Actuarial Standards of Practice as issued by the Actuarial Standards Board,and reflects laws and regulations issued to date pursuant to the provisions of Article 3,Illinois Pension Code,as well as applicable federal laws and regulations. Due to an actuarial transition,we were not able to perform a full review of the actuarial assumptions prior to the completion of this report and have relied on some of the assumptions used by the prior actuary. A full review of every assumption will be completed prior to next year's valuation.Future actuarial measurements may differ significantly from the current measurements presented in this report for a variety of reasons including: changes in applicable laws,changes in plan provisions, changes in assumptions,or plan experience differing from expectations. Due to the limited scope of the valuation,we did not perform an analysis of the potential range of such future measurements. In conducting the valuation,we have relied on personnel,plan design, and asset information supplied by the Village,financial reports prepared by the custodian bank and the actuarial assumptions and methods described in the Actuarial Assumptions section of this report. While we cannot verify the accuracy of all this information,the supplied information was reviewed for consistency and reasonableness. As a result of this review,we have no reason to doubt the substantial accuracy of the information and believe that it has produced appropriate results. This information,along with any adjustments or modifications,is summarized in various sections of this report. The total pension liability,net pension liability,and certain sensitivity information shown in the GASB results are based on an actuarial valuation performed as of the valuation date. The undersigned are familiar with the immediate and long-term aspects of pension valuations and meet the Qualification Standards of the American Academy of Actuaries necessary to render the actuarial opinions contained herein. All of the sections of this report are considered an integral part of the actuarial opinions. 184 Shuman Blvd,Suite 305 Naperville,IL 60563•(630)620-0200•Fax(239)481-0634•www.foster-foster.com 25 To our knowledge,no associate of Foster&Foster, Inc. working on valuations of the program has any direct financial interest or indirect material interest in the Village of Plainfield,nor does anyone at Foster&Foster,Inc.act as a member of the Board of Trustees of the Village of Plainfield Police Pension Fund. Thus,there is no relationship existing that might affect our capacity to prepare and certify this actuarial report. If there are any questions,concerns,or comments about any of the items contained in this report,please contact us at 630-620-0200. Respectfully submitted, Foster&Foster,Inc. By: Jaso L.Franken, FSA,EA,MAAA Wyk. By: Heidi E.Andorfer,FSA,EA, AAA By:10 Paul M.Baugher,FSA,EMAAA JLF/lke Enclosures 26 TABLE OF CONTENTS Section Title Page Introduction a. Summary of Report 5 b. Changes Since Prior Valuation 6 c. Comparative Summary of Principal Valuation Results 7 II Valuation Information a. Development of Amortization Payment 12 b. Statutory Minimum Required Contribution 13 c. Projection of Benefit Payments 14 d. Actuarial Assumptions and Methods 15 e. Glossary 17 f. Discussion of Risk 18 III Trust Fund 21 IV Member Statistics a. Statistical Data 25 b. Age and Service Distribution 26 c. Valuation Participant Reconciliation 27 V Summary of Current Plan 28 VI Governmental Accounting Standards Board Statements No. 67 and No.68 Disclosure Information 31 27 SUMMARY OF REPORT The regular annual actuarial valuation of the Village of Plainfield Police Pension Fund,performed as of May 1,2019,has been completed and the results are presented in this Report. The contribution amounts set forth herein are applicable to the plan/fiscal year ended April 30,2021. The contribution requirements, compared with those set forth in the May 1,2018 actuarial report,as prepared by Timothy W. Sharpe,are as follows: Valuation Date 5/1/2019 5/1/2018 Applicable to Fiscal Year Ending 4/30/2021 4/30/2020 Total Recommended Contribution 2,157,848 1,859,183 of Projected Annual Payroll 37.0% 33.7% Member Contributions(Est.) 577,511 584,509 of Projected Annual Payroll 9.9% 10.6% Village Recommended Contribution 1,580,337 1,274,674 of Projected Annual Payroll 27.1% 23.1% As you can see,the Total Recommended Contribution shows an increase when compared to the results determined in the May 1,2018 actuarial valuation report. The increase is primarily attributable to assumption changes reflected in this valuation,which account for approximately$153,000 of the increase. Other factors impacting the increase include method changes and actuarial transition losses. Village of Plainfield Police Pension Fund FOSTER&FOSTER 15 28 CHANGES SINCE PRIOR VALUATION Plan Changes Since Prior Valuation No plan changes have occurred since the prior valuation. Actuarial Assumption/Method Changes Since Prior Valuation The valuation reflects the following assumption change: The mortality rates were updated to reflect the PubS-2010 tables. Since the prior valuation the following methods have been updated: The administrative expenses have been included to determine the annual contribution to the fund. Interest has been excluded in the determination of the expected member contributions to determine the net contribution requirement for the Village. Village of Plainfield Police Pension Fund FOSTER&FOSTER 16 29 COMPARATIVE SUMMARY OF PRINCIPAL VALUATION RESULTS New Asmp/Mthd Old Asmp/Mthd 5/1/2019 5/1/2019 5/1/2018 ' A. Participant Data Number Included Actives 57 57 55 Service Retirees 6 6 6 Beneficiaries 1 1 1 Disability Retirees 2 2 2 Terminated Vested 2 2 1 Total 68 68 65 Total Annual Payroll 5,827,563 5,827,563 5,525,220 Payroll Under Assumed Ret.Age 5,827,563 5,827,563 5,525,220 Annual Rate of Payments to: Service Retirees 411,462 411,462 394,292 Beneficiaries 13,578 13,578 13,578 Disability Retirees 96,830 96,830 96,830 Terminated Vested 22,163 22,163 22,163 B.Assets Actuarial Value 35,321,046 35,321,046 32,192,657 Market Value 34,665,171 34,665,171 31,578,352 C.Liabilities Present Value of Benefits Actives Retirement Benefits 41,495,924 39,605,131 N/A Disability Benefits 3,196,465 3,145,808 N/A Death Benefits 367,243 682,498 N/A Vested Benefits 3,017,702 2,918,739 N/A Service Retirees 6,679,988 6,402,619 N/A Beneficiaries 91,568 85,224 N/A Disability Retirees 1,706,351 1,687,450 N/A Terminated Vested 221.007 213,438 N/A Total 56,776,248 54,740,907 N/A Values reported for 5/1/2018 are consistent with the report issued by Timothy W. Sharpe. Village of Plainfield Police Pension Fund FOSTER&FOSTER 1 7 30 New Asmp/Mthd Old Asmp/Mthd C.Liabilities-(Continued) 5/1/2019 5/1/2019 5/1/2018 ' Present Value of Future Salaries 55,597,425 55,405,651 N/A Present Value of Future Member Contributions 5,509,705 5,490,700 N/A Normal Cost(Retirement) 1,059,306 1,009,731 N/A Normal Cost(Disability) 183,822 181,956 N/A Normal Cost(Death) 16,930 27,840 N/A Normal Cost(Vesting) 147,420 142,914 N/A Total Normal Cost 1,407,478 1,362,441 1,101,856 Present Value of Future Normal Costs 12,309,971 11,872,118 N/A Accrued Liability(Retirement) 31,905,395 30,492,188 N/A Accrued Liability(Disability) 1,561,154 1,531,440 N/A Accrued Liability(Death) 230,966 455,155 N/A Accrued Liability(Vesting) 2,069,848 2,001,275 N/A Accrued Liability(Inactives)8,698,914 8,388,731 N/A Total Actuarial Accrued Liability 44,466,277 42,868,789 42,886,699 Unfunded Actuarial Accrued Liability(UAAL) 9,145,231 7,547.743 10,694.042 Funded Ratio(AVA/AL) 79.4% 82.4% 75.1% Values reported for 5/1/2018 are consistent with the report issued by Timothy W. Sharpe. Village of Plainfield Police Pension Fund FOSTER&FOSTER 18 31 New Asmp/Mthd Old Asmp/Mthd 5/1/2019 5/1/2019 5/1/2018 ' D.Actuarial Present Value of Accrued Benefits Vested Accrued Benefits Inactives 8,698,914 8,388,731 N/A Actives 9,920,425 9,410,207 N/A Member Contributions 6,788,405 6,788,405 N/A Total 25,407,744 24,587,343 N/A Non-vested Accrued Benefits 2,561,766 2,458,649 N/A Total Present Value Accrued Benefits 27,969,510 27,045,992 N/A Funded Ratio(MVA/PVAB) 123.9% 128.2% N/A Increase(Decrease)in Present Value of Accrued Benefits Attributable to: Plan Amendments 0 N/A Assumption Changes 923,518 N/A New Accrued Benefits 0 N/A Benefits Paid 0 N/A Interest 0 N/A Other 0 N/A Total 923,518 N/A Values reported for 5/1/2018 are consistent with the report issued by Timothy W. Sharpe. Village of Plainfield Police Pension Fund FOSTER&FOSTER I 9 32 New Asmp/Mthd Old Asmp/Mthd Valuation Date 5/1/2019 5/1/2019 5/1/2018 Applicable to Fiscal Year Ending 4/30/2021 4/30/2021 4/30/2020 2 E.Pension Cost Normal Cost ' 1,502,483 1,454,406 1,176,232 of Total Annual Payroll ' 25.8 25.0 21.3 Administrative Expenses ' 53,074 0 0 of Total Annual Payroll ' 0.9 0.0 0.0 Payment Required to Amortize Unfunded Actuarial Accrued Liability over 22 years as of 5/1/2019) ' 602,291 497,082 682,951 of Total Annual Payroll ' 10.3 8.5 12.4 Total Recommended Contribution 2,157,848 1,951,488 1,859,183 of Total Annual Payroll ' 37.0 33.5 33.7 Expected Member Contributions ' 577,511 616,494 584.509 of Total Annual Payroll ' 9.9 10.6 10.6 Expected Village Contribution 1,580,337 1,334,994 1,274,674 of Total Annual Payroll ' 27.1 22.9 23.1 F.Past Contributions Plan Years Ending: 4/30/2019 Total Recommended Contribution 1,801,978 Village Requirement 1,246,616 Actual Contributions Made: Members(excluding buyback)555,362 Village 1,402,674 Total 1,958,036 G.Net Actuarial(Gain)/Loss 3,009,856) Contributions developed as of 5/1/2019 displayed above have been adjusted to account for assumed interest. 2 Values reported for 5/1/2018 are consistent with the report issued by Timothy W. Sharpe,which did not consider the administrative expenses as part of the minimum calculation. The report also reflected interest crediting on Member Contributions to the end of the year,while the estimated Member Contributions as of 5/1/2019 do not reflect interest. Village of Plainfield Police Pension Fund FOSTER&FOSTER 1 10 33 H. Schedule Illustrating the Amortization of the Total Unfunded Actuarial Accrued Liability as of: Projected Unfunded Year Accrued Liability 2019 9,145,231 2020 9,160,243 2021 9,155,189 2026 8,749,576 2031 7,447,491 2036 4,763,829 2041 0 I. (i)3 Year Comparison of Actual and Assumed Salary Increases Actual Assumed Year Ended 4/30/2019 3.14% 4.38% ii)3 Year Comparison of Investment Return on Actuarial Value Actual Assumed Year Ended 4/30/2019 5.26% 6.75% Village of Plainfield Police Pension Fund FOSTER&FOSTER 111 34 DEVELOPMENT OF MAY 1,2019 AMORTIZATION PAYMENT 1) Unfunded Actuarial Accrued Liability as of May 1,2018 10,694,042 2) Sponsor Normal Cost developed as of May 1,2018 554,307 3) Expected administrative expenses for the year ended April 30,2019 0 4) Expected interest on(1),(2)and(3) 759,264 5) Sponsor contributions to the System during the year ended April 30,2019 1,402,674 6) Expected interest on(5) 47,340 7) Expected Unfunded Actuarial Accrued Liability' as of April 30,2019, (1)+(2)+(3)+(4)-(5)-(6) 10,557,599 8) Change to UAAL due to Assumption Change 1,597,488 9) Change to UAAL due to Actuarial(Gain)/Loss 3,009,856) 10) Unfunded Accrued Liability as of May 1,2019 9,145,231 11) UAAL Subject to Amortization(100%AAL less Actuarial Assets)9,145,231 Date Years 5/1/2019 Amortization Established Remaining Amount Amount 5/1/2019 22 9,145,231 564,207 Village of Plainfield Police Pension Fund FOSTER&FOSTER 1 12 35 STATUTORY MINIMUM REQUIRED CONTRIBUTION Contribution requirements shown on this page are calculated according to statutory minimum funding requirements of the Illinois Pension Code. We do not believe this method is sufficient to fund future benefits;as such, we recommend funding according to the contributions developed in Section E of this report. Valuation Date 5/1/2019 5/1/2019 5/1/2018 Applicable to Fiscal Year Ending 4/30/2021 4/30/2021 4/30/2020 2 Actuarial Accrued Liability(PUC) 40,440,396 39,031,705 38,597,353 Actuarial Value of Assets 35,321,046 35,321,046 32,192,657 Unfunded Actuarial Accrued Liability(UAAL) 5,119,350 3,710,659 6,404,696 UAAL Subject to Amortization 1,075,310 0 2,544,961 Normal Cost ' 1,825,941 1,763,934 1,670,023 of Total Annual Payroll 1 31.3 30.3 30.3 Administrative Expenses ' 53,074 0 0 of Total Annual Payroll ' 0.9 0.0 0.0 Payment Required to Amortize Unfunded Actuarial Accrued Liability over 21 years as of 5/1/2019) ' 73,177 0 162,528 of Total Annual Payroll ' 1.3 0.0 2.9 Total Required Contribution 1,952,192 1,763,934 1,832,551 of Total Annual Payroll 1 33.5 30.3 33.2 Expected Member Contributions ' 577,511 616,494 584,509 of Total Annual Payroll 1 9.9 10.6 10.6 Expected Village Contribution 1,374,681 1,147,440 1,248,042 of Total Annual Payroll ' 23.6 19.7 22.6 Assumptions and Methods: Actuarial Cost Method Projected Unit Credit Amortization Method 90%Funding by 2040 All other assumptions and methods are as described in the Actuarial Assumptions and Methods section. Contributions developed as of 5/1/2019 displayed above have been adjusted to account for assumed interest. 2 Values reported for 5/1/2018 are consistent with the report issued by Timothy W. Sharpe,which did not consider the administrative expenses as part of the minimum calculation. The report also reflected interest crediting on Member Contributions to the end of the year,while the estimated Member Contributions as of 5/1/2019 do not reflect interest. Village of Plainfield Police Pension Fund FOSTER&FOSTER 1 13 36 PROJECTION OF BENEFIT PAYMENTS Payments for Payments for Total Year Current Actives Current Inactives Payments 2019 126,768 519,586 646,354 2020 253,238 528,476 781,714 2021 373,579 537,388 910,967 2022 530,036 552,839 1,082,875 2023 712,994 562,843 1,275,837 2024 913,129 572,554 1,485,683 2025 1,128,699 581,875 1,710,574 2026 1,365,158 590,705 1,955,863 2027 1,635,281 598,938 2,234,219 2028 1,961,196 627,975 2,589,171 2029 2,250,420 653,625 2,904,045 2030 2,598,237 661,047 3,259,284 2031 2,950,002 667,348 3,617,350 2032 3,326,514 672,398 3,998,912 2033 3,749,973 676,087 4,426,060 2034 4,134,898 678,328 4,813,226 2035 4,517,012 679,067 5,196,079 2036 4,877,116 678,323 5,555,439 2037 5,225,216 676,162 5,901,378 2038 5,567,158 695,230 6,262,388 2039 5,853,091 692,007 6,545,098 2040 6,134,358 687,669 6,822,027 2041 6,398,963 682,264 7,081,227 2042 6,682,118 675,809 7,357,927 2043 6,943,732 668,289 7,612,021 2044 7,162,578 659,630 7,822,208 2045 7,392,492 649,715 8,042,207 2046 7,593,644 638,418 8,232,062 2047 7,788,246 625,617 8,413,863 2048 7,994,719 611,211 8,605,930 2049 8,167,011 595,102 8,762,113 2050 8,323,863 577,196 8,901,059 2051 8,445,383 557,401 9,002,784 2052 8,545,061 535,626 9,080,687 2053 8,622,258 511,818 9,134,076 2054 8,676,391 486,024 9,162,415 2055 8,705,963 458,401 9,164,364 2056 8,708,537 429,212 9,137,749 2057 8,681,884 398,830 9,080,714 2058 8,624,128 367,696 8,991,824 Village of Plainfield Police Pension Fund FOSTER&FOSTER 114 37 ACTUARIAL ASSUMPTIONS AND METHODS Interest Rate 6.75%per year compounded annually,net of investment related expenses. This is supported by the target asset allocation of the trust and the expected long-term return by asset class. Mortality Rate Active Lives: PubS-2010 Employee mortality,projected 5 years past the valuation date with Scale MP-2018. 10%of active deaths are assumed to be in the line of duty. Inactive Lives: PubS-2010 Healthy Retiree mortality,projected 5 years past the valuation date with Scale MP-2018. Beneficiaries: PubS-2010 Survivor mortality,projected 5 years past the valuation date with Scale MP-2018. Disabled Lives: PubS-2010 Disabled mortality,projected 5 years past the valuation date with Scale MP-2018. The mortality assumptions sufficiently accommodate anticipated future mortality improvements. Retirement Age See table later in this section. This is based on a 2017 experience study performed for the State of Illinois Department of Insurance. Disability Rate See table later in this section.60%of the disabilities are assumed to be in the line of duty. This is based on a 2017 experience study performed for the State of Illinois Department of Insurance. Termination Rate See table later in this section. This is based on a 2017 experience study performed for the State of Illinois Department of Insurance. Inflation 2.50%. Cost-of-Living Adjustment Tier 1: 3.00%per year after age 55.Those that retire prior to age 55 receive an increase of 1/12 of 3.00%for each full month since benefit commencement upon reaching age 55. Tier 2: 1.25%per year after the later of attainment of age 60 or first anniversary of retirement. Village of Plainfield Police Pension Fund FOSTER&FOSTER 1 15 38 Salary Increases See table below. This is based on a 2017 experience study performed for the State of Illinois Department of Insurance. Salary Scale Service Rate 0 11.00% 1 10.75% 2 8.75% 3 8.50% 4 7.00% 5 6.25% 6 5.25% 7 4.25% 8- 16 4.00% 17-32 3.75% 32+ 3.50% Marital Status 80%of Members are assumed to be married. Spouse's Age Males are assumed to be three years older than females. Funding Method Entry Age Normal Cost Method. Actuarial Asset Method Investment gains and losses are smoothed over a 5-year period. Funding Policy Amortization Method The UAAL is amortized according to a Level Percentage of Payroll method over a period ending in 2041. The initial amortization amount is 100%of the Accrued Liability less the Actuarial Value of Assets. Payroll Growth 3.50%per year. Administrative Expenses Expenses paid out of the fund other than investment-related expenses are assumed to be equal to those paid in the previous year. Decrement Tables Terminating %Becoming Disabled Retiring Retiring During the Year During the Year During the Year(Tier 1) During the Year(Tier 2) Age Rate Age Rate Age Rate Age Rate 20 14.00% 20 0.000% 50-51 15% 50-54 5% 25 10.40% 25 0.030% 52-54 20% 55 40% 30 5.60% 30 0.140% 55-64 25% 56-64 25% 35 3.10% 35 0.260% 65-69 40% 65-69 40% 40 1.90% 40 0.420% 70+100% 70+100% 45 1.50% 45 0.590% 50 1.50% 50 0.710% 56+ 0.00% 55 0.900% 60 1.150% Village of Plainfield Police Pension Fund FOSTER&FOSTER 116 39 GLOSSARY Total Annual Payroll is the projected annual rate of pay for the fiscal year following the valuation date of all covered members. Present Value of Benefits is the single sum value on the valuation date of all future benefits to be paid to current Members,Retirees,Beneficiaries,Disability Retirees and Vested Terminations. Normal(Current Year's)Cost is the current year's cost for benefits yet to be funded. Unfunded Accrued Liability is a liability which arises when a pension plan is initially established or improved and such establishment or improvement is applicable to all years of past service. Total Recommended Contribution is equal to the Normal Cost plus an amount sufficient to amortize the Unfunded Accrued Liability over a period ending in 2041. The recommended amount is adjusted for interest according to the timing of contributions during the year. Entry Age Normal Cost Method-Under this method,the normal cost is the sum of the individual normal costs for all active participants. For an active participant,the normal cost is the participant's normal cost accrual rate,multiplied by the participant's current compensation. a)The normal cost accrual rate equals: i)the present value of future benefits for the participant,determined as of the participant's entry age,divided by ii)the present value of the compensation expected to be paid to the participant for each year of the participant's anticipated future service, determined as of the participant's entry age. b)In calculating the present value of future compensation,the salary scale is applied both retrospectively and prospectively to estimate compensation in years prior to and subsequent to the valuation year based on the compensation used for the valuation. c)The accrued liability is the sum of the individual accrued liabilities for all participants and beneficiaries. A participant's accrued liability equals the present value,at the participant's attained age,of future benefits less the present value at the participant's attained age of the individual normal costs payable in the future. A beneficiary's accrued liability equals the present value,at the beneficiary's attained age,of future benefits. The unfunded accrued liability equals the total accrued liability less the actuarial value of assets. d)Under this method,the entry age used for each active participant is the participant's age at the time he or she would have commenced participation if the plan had always been in existence under current terms,or the age as of which he or she first earns service credits for purposes of benefit accrual under the current terms of the plan. Village of Plainfield Police Pension Fund FOSTER&FOSTER 17 40 DISCUSSION OF RISK ASOP No. 51,Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions, states that the actuary should identify risks that,in the actuary's professional judgment,may reasonably be anticipated to significantly affect the plan's future financial condition. Throughout this report,actuarial results are determined under various assumption scenarios. These re- sults are based on the premise that all future plan experience will align with the plan's actuarial assump- tions;however,there is no guarantee that actual plan experience will align with the plan's assump- tions. Whenever possible,the recommended assumptions in this report reflect conservatism to allow for some margin of unfavorable future plan experience. However,it is still possible that actual plan experi- ence will differ from anticipated experience in an unfavorable manner that will negatively impact the plan's funded position. Below are examples of ways in which plan experience can deviate from assumptions and the potential im- pact of that deviation. Typically,this results in an actuarial gain or loss representing the current-year fi- nancial impact on the plan's unfunded liability of the experience differing from assumptions;this gain or loss is amortized over a period of time determined by the plan's amortization method. When assumptions are selected that adequately reflect plan experience,gains and losses typically offset one another in the long term,resulting in a relatively low impact on the plan's contribution requirements associated with plan experience. When assumptions are too optimistic,losses can accumulate over time and the plan's amortization payment could potentially grow to an unmanageable level. Investment Return: When the rate of return on the Actuarial Value of Assets falls short of the as- sumption,this produces a loss representing assumed investment earnings that were not real- ized. Further, it is unlikely that the plan will experience a scenario that matches the assumed re- turn in each year as capital markets can be volatile from year to year. Therefore,contribution amounts can vary in the future. Salary Increases:When a plan participant experiences a salary increase that was greater than as- sumed,this produces a loss representing the cost of an increase in anticipated plan benefits for the participant as compared to the previous year. The total gain or loss associated with salary in- creases for the plan is the sum of salary gains and losses for all active participants. Payroll Growth: The plan's payroll growth assumption, if one is used,causes a predictable annual increase in the plan's amortization payment in order to produce an amortization payment that re- mains constant as a percentage of payroll if all assumptions are realized. If payroll does not in- crease according to the plan's payroll growth assumption,the plan's amortization payment can increase significantly as a percentage of payroll even if all assumptions other than the payroll growth assumption are realized. Demographic Assumptions:Actuarial results take into account various potential events that could happen to a plan participant,such as retirement,termination,disability,and death. Each of these potential events is assigned a liability based on the likelihood of the event and the financial conse- quence of the event for the plan. Accordingly,actuarial liabilities reflect a blend of financial con- sequences associated with various possible outcomes(such as retirement at one of various possi- ble ages). Once the outcome is known(e.g.the participant retires)the liability is adjusted to re- flect the known outcome. This adjustment produces a gain or loss depending on whether the out- come was more or less favorable than other outcomes that could have occurred. Village of Plainfield Police Pension Fund FOSTER&FOSTER 1 18 41 Contribution risk: Risks associated with the items outlined above will inherently create varying liabilities and assets resulting in volatility in contributions. Actuarial losses on assets and liabili- ties will lead to higher contribution amounts,while actuarial gains on assets and liabilities will lead to lower contribution amounts. Impact of Plan Maturity on Risk For newer pension plans,most of the participants and associated liabilities are related to active members who have not yet reached retirement age. As pension plans continue in operation and active members reach retirement ages, liabilities begin to shift from being primarily related to active members to being shared amongst active and retired members. Plan maturity is a measure of the extent to which this shift has occurred. It is important to understand that plan maturity can have an impact on risk tolerance and the overall risk characteristics of the plan. For example,plans with a large amount of retired liability do not have as long of a time horizon to recover from losses(such as losses on investments due to lower than expected investment returns)as plans where the majority of the liability is attributable to active members. For this reason,less tolerance for investment risk may be warranted for highly mature plans with a substantial inactive liability. Similarly,mature plans paying substantial retirement benefits resulting in a small positive or net negative cash flow can be more sensitive to near term investment volatility, particularly if the size of the fund is shrinking,which can result in less assets being available for investment in the market. To assist with determining the maturity of the plan,we have provided some relevant metrics in the table following titled"Plan Maturity Measures and Other Risk Metrics". Highlights of this information are discussed below: The Support Ratio,determined as the ratio of active to inactive members has decreased from 550%to 518%over the last two years,meaning the plan's maturity has remained consistent. The Accrued Liability Ratio,determined as the ratio of the Inactive Accrued Liability,which is generally the accrued liability associated with those receiving payments,to the Total Accrued Liability,is 19.6%. With a plan of this maturity,losses due to lower than expected investment returns or demographic factors can be made up over a longer time horizon than would be needed for a more mature plan. The Funded Ratio,determined as the ratio of the Actuarial Value of Assets to the Total Accrued Liability has increased from 75.1%on May 1, 2018 to 79.4%on May 1,2019 due mainly to the transition of actuarial services. It is important to note that the actuary has identified the risks above as the most significant risks based on the characteristics of the plan and the nature of the project,however,it is not an exhaustive list of potential risks that could be considered. Additional advanced modelling,as well as the identification of additional risks,can be provided at the request of the reader. Village of Plainfield Police Pension Fund FOSTER&FOSTER 1 19 42 PLAN MATURITY MEASURES AND OTHER RISK METRICS 5/1/2018 5/1/2019 Support Ratio Total Actives 55 57 Total Inactives 10 11 Actives/Inactives 550.0% 518.2% Asset Volatility Ratio Market Value of Assets(MVA) 31,578,352 34,665,171 Total Annual Payroll 5,525,220 5,827,563 MVA/Total Annual Payroll 571.5% 594.8% Accrued Liability(AL)Ratio Inactive Accrued Liability 8,354,902 8,698,914 Total Accrued Liability 42,886,699 44,466,277 Inactive AL/Total AL 19.5% 19.6% Funded Ratio Actuarial Value of Assets(AVA) 32,192,657 35,321,046 Total Accrued Liability 42,886,699 44,466,277 AVA/Total Accrued Liability 75.1% 79.4% Village of Plainfield Police Pension Fund FOSTER&FOSTER 120 43 STATEMENT OF FIDUCIARY NET POSITION April 30,2019. ASSETS MARKET VALUE Cash and Cash Equivalents: Cash and short-term investments 230,525 Total Cash and Equivalents 230,525 Receivables: Accrued Past Due Interest 108,865 Total Receivable 108,865 Investments: Municipal Obligations 1,754,998 U.S. Gov't and Agency Obligations 12,694,380 Mutual Funds 19,877,856 Total Investments 34,327,234 Total Assets 34,666,624 LIABILITIES Liabilities: Payable: Accounts Payable 1,453 Total Liabilities 1,453 Net Assets: Active and Retired Members'Equity 34,665,171 NET POSITION RESTRICTED FOR PENSIONS 34,665,171 TOTAL LIABILITIES AND NET ASSETS 34,666,624 Village of Plainfield Police Pension Fund FOSTER&FOSTER 21 44 STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FOR THE YEAR ENDED April 30,2019 Market Value Basis ADDITIONS Contributions: Member 555,362 Village 1,402,674 Total Contributions 1,958,036 Investment Income: Net Increase in Fair Value of Investments 575,422 Interest&Dividends 1,219,956 Less Investment Expense ' 106,456) Net Investment Income 1,688,922 Total Additions 3,646,958 DEDUCTIONS Distributions to Members: Benefit Payments 510,423 Total Distributions 510,423 Administrative Expenses 49,718 Total Deductions 560,141 Net Increase in Net Position 3,086,817 NET POSITION RESTRICTED FOR PENSIONS Beginning of the Year 31,578,352 Adjustment to beginning of year 2 End of the Year 34,665,171 Investment Related expenses include investment advisory, custodial and performance monitoring fees. Village of Plainfield Police Pension Fund FOSTER&FOSTER 22 45 ACTUARIAL ASSET VALUATION April 30, 2019 Actuarial Assets for funding purposes are developed by recognizing the total actuarial investment gain or loss for each Plan Year over a five year period. In the first year,20%of the gain or loss is recognized. In the second year 40%,in the third year 60%, in the fourth year 80%,and in the fifth year 100%of the gain or loss is recognized. The actuarial investment gain or loss is defined as the actual return on investments minus the actuarial assumed investment return. Actuarial Assets shall not be less than 80%nor greater than 120%of the Market Value of Assets. Gains/(Losses)Not Yet Recognized Plan Year Amounts Not Yet Recognized by Valuation Year Ending Gain/(Loss) 2019 2020 2021 2022 2023 4/30/2016 1,896,017) (379,203) 0 0 0 0 4/30/2017 380,294 152,118 76,059 0 0 0 4/30/2018 61,588) 36,953) (24,635) (12,318) 0 0 4/30/2019 489,796) (391,837) (293,878) (195,918) (97,959) 0 Total 655,875) (242,454) (208,236) (97,959) 0 Development of Investment Gain/Loss Market Value of Assets,4/30/2018 31,578,354 Contributions Less Benefit Payments&Administrative Expenses 1,397,895 Expected Investment Earnings' 2,178,718 Actual Net Investment Earnings 1,688,922 2019 Actuarial Investment Gain/(Loss) 489,796) Expected Investment Earnings=6.75%x(31,578,354+0.5 x 1,397,895) Development of Actuarial Value of Assets Market Value of Assets,4/30/2019 34,665,171 Gains)/Losses Not Yet Recognized 655,875 Actuarial Value of Assets,4/30/2019 35,321,046 A)4/30/2018 Actuarial Assets: 32,192,657 I) Net Investment Income: 1. Interest and Dividends 1,219,956 2. Realized Gains(Losses) 0 3. Change in Actuarial Value 616,994 4. Investment Expenses 106,456) Total 1,730,494 B)4/30/2019 Actuarial Assets: 35,321,046 Actuarial Asset Rate of Return=(2 x I)/(A+B-I): 5.26% Market Value of Assets Rate of Return: 5.23% 4/30/2019 Limited Actuarial Assets: 35,321,046 Actuarial Gain/(Loss)due to Investment Return(Actuarial Asset Basis) 489,689) Village of Plainfield Police Pension Fund FOSTER&FOSTER 123 46 CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS April 30,2019 Actuarial Asset Basis INCOME Contributions: Member 555,362 Village 1,402,674 Total Contributions 1,958,036 Earnings from Investments Interest&Dividends 1,219,956 Change in Actuarial Value 616,994 Total Earnings and Investment Gains 1,836,950 EXPENSES Administrative Expenses: Investment Related' 106,456 Other 49,718 Total Administrative Expenses 156,174 Distributions to Members: Benefit Payments 510,423 Total Distributions 510,423 Change in Net Assets for the Year 3,128,389 Net Assets Beginning of the Year 32,192,657 Net Assets End of the Year2 35,321,046 Investment Related expenses include investment advisory, custodial and performance monitoring fees. 2 Net Assets may be limited for actuarial consideration. Village of Plainfield Police Pension Fund FOSTER&FOSTER 124 47 STATISTICAL DATA ' 5/1/2016 5/1/2017 5/1/2018 5/1/2019 Actives-Tier 1 Number N/A N/A N/A 49 Average Current Age N/A N/A N/A 43.6 Average Age at Employment N/A N/A N/A 26.3 Average Past Service N/A N/A N/A 17.3 Average Annual Salary N/A N/A N/A 106,550 Actives-Tier 2 Number N/A N/A N/A 8 Average Current Age N/A N/A N/A 27.4 Average Age at Employment N/A N/A N/A 24.9 Average Past Service N/A N/A N/A 2.5 Average Annual Salary N/A N/A N/A 75,828 Service Retirees Number N/A N/A 6 6 Average Current Age N/A N/A N/A 62.8 Average Annual Benefit N/A N/A 65,715 68,577 Beneficiaries Number N/A N/A 1 1 Average Current Age N/A N/A N/A 82.3 Average Annual Benefit N/A N/A 13,578 13,578 Disability Retirees Number N/A N/A 2 2 Average Current Age N/A N/A N/A 45.5 Average Annual Benefit N/A N/A 48,415 48,415 Terminated Vested Number N/A N/A 1 2 Average Current Age N/A N/A N/A 50.2 Average Annual Benefit 2 N/A N/A 22,163 22,163 1 Foster&Foster does not have enough historical data to include complete data prior to 5/1/2019. We will add historical data going forward. 2 Average Annual Benefit for Terminated Vested members reflects the benefit for members entitled to a future annual benefit from the plan. Village of Plainfield Police Pension Fund FOSTER&FOSTER 125 48 AGE AND SERVICE DISTRIBUTION PAST SERVICE AGE 0 1 2 3 4 5-9 10-14 15-19 20-24 25-29 30+ Total 15 - 19 0 0 0 0 0 0 0 0 0 0 0 0 20-24 0 1 0 0 0 0 0 0 0 0 0 1 25 -29 2 1 0 2 0 0 0 0 0 0 0 5 30-34 0 0 0 0 0 3 1 0 0 0 0 4 35 -39 0 0 0 0 0 0 9 4 0 0 0 13 40-44 0 0 0 0 0 0 4 8 1 0 0 13 45 -49 0 0 0 0 0 0 3 5 5 0 0 13 50-54 0 0 0 0 0 0 0 1 1 4 0 6 55 - 59 0 0 0 0 0 0 0 0 1 0 0 1 60-64 0 0 0 0 0 0 0 0 0 1 0 1 65+ 0 0 0 0 0 0 0 0 0 0 0 0 Total 2 2 0 2 0 3 17 18 8 5 0 57 Village of Plainfield Police Pension Fund FOSTER&FOSTER 126 49 VALUATION PARTICIPANT RECONCILIATION 1.Active lives a. Number in prior valuation 5/1/2018 55 b. Terminations i. Vested(partial or full)with deferred benefits 0 ii.Non-vested or full lump sum distribution received 0 iii. Transferred service to other fund 0 c. Deaths i. Beneficiary receiving benefits 0 ii.No future benefits payable 0 d. Disabled 0 e. Retired 0 f. Continuing participants 55 g. New entrants 2 h. Total active life participants in valuation 57 2.Non-Active lives(including beneficiaries receiving benefits) Service Retirees, Vested Receiving Receiving Receiving Death Disability Vested Benefits Benefits Benefits Deferred Total a.Number prior valuation 6 1 2 1 10 Retired 0 0 0 0 0 Vested Deferred 0 0 0 0 0 Death,With Survivor 0 0 0 0 0 Death,No Survivor 0 0 0 0 0 Disabled 0 0 0 0 0 Refund of Contributions 0 0 0 0 0 Rehires 0 0 0 0 0 Expired Annuities 0 0 0 0 0 Data Corrections 0 0 0 1 1 Hired/Termed in Same Year 0 0 0 0 0 b.Number current valuation 6 1 2 2 11 Village of Plainfield Police Pension Fund FOSTER&FOSTER 127 50 SUMMARY OF CURRENT PLAN Article 3 Pension Fund The Plan is established and administered as prescribed by"Article 3. Police Pension Fund—Municipalities 500,000 and Under"of the Illinois Pension Code. Plan Administration The Plan is a single employer defined benefit pension plan administered by a Board of Trustees comprised of: a) Two members appointed by the Municipality, b) Two active Members of the Police Department elected by the Membership,and c) One retired Member of the Police Department elected by the Membership. Credited Service Complete years of service as a sworn police officer employed by the Municipality. Normal Retirement Date Tier 1:Age 50 and 20 years of Credited Service. Tier 2: Age 55 with 10 years of Credited Service. Benefit Tier 1: 50%of annual salary attached to rank on last day of service plus 2.50%of annual salary for each year of service over 20 years,up to a maximum of 75%of salary. The minimum monthly benefit is$1,000 per month. Tier 2: 2.50%per year of service times the average salary for the eight consecutive years prior to retirement times the number of years of service,up to a maximum of 75%of average salary.The minimum monthly benefit is$1,000 per month. Form of Benefit Tier 1: For married retirees,an annuity payable for the life of the Member;upon the death of the member, 100%of the Member's benefit payable to the spouse until death.For unmarried retirees, the normal form is a Single Life Annuity. Tier 2: Same as above,but with 66 2/3%of benefit continued to spouse. Early Retirement Date Tier 1: Age 60 and 8 years of Credited Service. Tier 2: Age 50 with 10 years of Credited Service. Benefit Tier 1:Normal Retirement benefit with no minimum. Tier 2:Normal Retirement benefit,reduced 6%each year before age 55,with no minimum benefit. Form of Benefit Same as Normal Retirement. Village of Plainfield Police Pension Fund FOSTER&FOSTER 128 51 Disability Benefit Eligibility Total and permanent as determined by the Board of Trustees. Benefit Amount A maximum of: a.) 65%of salary attached to the rank held by Member on last day of service, and; b.) The monthly retirement pension that the Member is entitled to receive if he or she retired immediately. For non-service connected disabilities, a benefit of 50%of salary attached to rank held by Member on last day of service. Cost-of-Living Adjustment Tier 1: Retirees: An annual increase equal to 3.00%per year after age 55. Those that retire prior to age 55 receive an increase of 1/12 of 3.00%for each full month since benefit commencement upon reaching age 55. Disabled Retirees:An annual increase equal to 3.00%per year of the original benefit amount beginning at age 60. Those that become disabled prior to age 60 receive an increase of 3.00%of the original benefit amount for each year since benefit commencement upon reaching age 60. Tier 2: An annual increase each January 1 equal to 3.00%per year or one-half of the annual unadjusted percentage increase in the consumer price index-u for the 12 months ending with the September preceding each November 1,whichever is less, of the original pension after the attainment of age 60 or first anniversary of pension start date whichever is later. Pre-Retirement Death Benefit Service Incurred 100%of salary attached to rank held by Member on last day of service. Non-Service Incurred A maximum of: a.) 50%of salary attached to the rank held by Member on last day of service, and; b.) The monthly retirement pension earned by the deceased Member at the time of death,regardless of whether death occurs before or after age 50. For non-service deaths with less than 10 years of service, a refund of member contributions is provided. Village of Plainfield Police Pension Fund FOSTER&FOSTER 129 52 Vesting(Termination) Vesting Service Requirement Tier 1: 8 years. Tier 2: 10 years. Non-Vested Benefit Refund of Member Contributions. Vested Benefit Either the termination benefit,payable upon reaching age 60(55 for Tier 2),provided contributions are not withdrawn, or a refund of member contributions. The termination benefit is 2.50%of annual salary held in the year prior to termination(8-year final average salary for Tier 2)times creditable service. Contributions Employee 9.91%of Salary. Municipality Remaining amount necessary for payment of Normal(current year's)Cost and amortization of the accrued past service liability. Village of Plainfield Police Pension Fund FOSTER&FOSTER 30 53 GASB 67/68 SUMMARY OF PARTICIPANT DATA Plan Membership: 5/1/2019 5/1/2018 Inactive Plan Members or Beneficiaries Currently Receiving Benefits 9 9 Inactive Plan Members Entitled to But Not Yet Receiving Benefits 2 1 Active Plan Members 57 55 Total 68 65 Covered Payroll 5,827,563 5,525,220 Village of Plainfield Police Pension Fund FOSTER&FOSTER 131 54 GASB 67/68 SCHEDULE OF CHANGES IN NET PENSION LIABILITY GASB 68 Reporting Period Ending 04/30/2019 04/30/2018 Measurement Date 04/30/2019 04/30/2018 Total Pension Liability Service Cost 1,313,637 1,273,722 Interest 3,076,159 2,879,343 Changes of Benefit Terms Differences Between Expected and Actual Experience 4,863,845) 549,216) Changes of Assumptions 1,585,849 1,138,995 Contributions -Buy Back Benefit Payments,Including Refunds of Employee Contributions 510,423) 494,765) Net Change in Total Pension Liability 601,377 4,248,079 Total Pension Liability-Beginning 42,886,699 38,638,620 Total Pension Liability-Ending(a)43,488,076 $ 42,886,699 Plan Fiduciary Net Position Contributions -Employer 1,402,674 1,364,479 Contributions -Employee 555,362 524,835 Net Investment Income 1,688,922 2,098,694 Benefit Payments,Including Refunds of Employee Contributions 510,423) 494,765) Administrative Expense 49,718) 42,745) Net Change in Plan Fiduciary Net Position 3,086,817 3,450,498 Plan Fiduciary Net Position-Beginning 31,578,354 28,127,856 Plan Fiduciary Net Position-Ending(b) 34,665,171 $ 31,578,354 Net Pension Liability-Ending(a)- (b) 8,822,905 $ 11,308,345 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 79.71% 73.63% Covered Payroll 5,827,563 $ 5,525,220 Net Pension Liability as a Percentage of Covered Payroll 151.40% 204.67% Changes reflected in April 30, 2019 results: The results reflect the assumption changes noted in the assumptions section of the report. Village of Plainfield Police Pension Fund FOSTER&FOSTER 132 55 GASB 68 STATEMENT OF CHANGES IN NET PENSION LIABILITY Increase (Decrease) Total Pension Plan Fiduciary Net Pension Liability Net Position Liability a) b) a)-(b) Balances at April 30,2018 42,886,699 $ 31,578,354 $ 11,308,345 Changes for a Year: Service Cost 1,313,637 1,313,637 Interest 3,076,159 3,076,159 Differences Between Expected and Actual Experience 4,863,845)4,863,845) Changes of Assumptions 1,585,849 1,585,849 Changes of Benefit Terms Contributions -Employer 1,402,674 (1,402,674) Contributions -Employee 555,362 (555,362) Net Investment Income 1,688,922 (1,688,922) Benefit Payments,Including Refunds of Employee Contributions 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 Sensitivity of Net Pension Liability to changes in the Discount Rate: Current Discount 1% Decrease Rate 1% Increase 5.75% 6.75% 7.75% Sponsor's Net Pension Liability 17,175,861 $ 8,822,905 $ 2,171,642 Pension Plan Fiduciary Net Position Detailed information about the Pension Plan's Fiduciary Net Position is available in a separately issued Plan financial report. Village of Plainfield Police Pension Fund FOSTER&FOSTER 133 56 GASB 68 PENSION EXPENSE AND DEFERRED OUTFLOWS OF RESOURCES AND DEFERRED INFLOWS OF RESOURCES RELATED TO PENSIONS YEAR-END APRIL 30,2019 For the year ended April 30,2019,the Sponsor will recognize a pension expense of$1,921,167. On April 30, 2019,the Sponsor reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Differences between actual and expected experience 0 5,042,310 Changes of assumptions 2,693,950 615,816 Net difference between projected and actual earnings on pension plan investments 655,876 0 Total 3,349,826 5,658,126 Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year-ended April 30: 2020 215,730 2021 267,309) 2022 423,072) 2023 427,072) 2024 219,970) Thereafter 1,186,607) Village of Plainfield Police Pension Fund FOSTER&FOSTER 134 57 GASB 68 COMPONENTS OF PENSION EXPENSE YEAR-END APRIL 30,2019 Net Pension Deferred Deferred Pension Liability Inflows Outflows Expense Beginning Balance 11,308,345 $ 1,904,728 $ 2,600,361 Total Pension Liability Factors: Service Cost 1,313,637 1,313,637 Interest 3,076,159 3,076,159 Changes in Benefit Terms Contributions-Buy Back Differences Between Expected and Actual Experience With Regard to Economic or 4,863,845) 4,863,845 Current Year Amortization 777,896) 777,896) Changes in Assumptions About Future Economic or Demographic Factors or Other Inputs 1,585,849 1,585,849 Current Year Amortization 104,375) (684,582)580,207 Benefit Payments,Including Refunds of Employee Contributions 510,423) Net Change 601,377 3,981.574 901,267 4,192,107 Plan Fiduciary Net Position: Contributions-Employer 1,402,674 Contributions-Employee 555,362 555,362) Projected Net Investment Income 2,178,718 2,178,718) Difference Between Projected and Actual Earnings on Pension Plan Investments 489,796) 489,796 Current Year Amortization 76,059) (489,481)413,422 Benefit Payments,Including Refunds of Employee Contributions 510,423) Administrative Expenses 49,718) 49,718 Net Change 3,086,817 76,059) 315 (2,270,940) Ending Balance 8,822,905 $ 5,810,243 $ 3,501,943 $ 1,921.167 Village of Plainfield Police Pension Fund FOSTER&FOSTER 135 58 GASB 68 AMORTIZATION SCHEDULE— EXPERIENCE Increase( Decrease) in Pension Expense Arising from the Recognition of the Effects of Differences between Expected and Actual Experience Differences Between Expected Year Base and Actual Recognition Established Experience Period( Years) 2019 2020 2021 2022 2023 2024 2025 2026 2027 2019 $ 4, 863, 845) 9 540, 429) $ ( 540, 427) $ ( 540, 427) $ ( 540, 427) $ ( 540, 427) $ ( 540, 427) $ ( 540, 427) $ ( 540, 427) $ ( 540, 427) Prior Years $ 1, 236, 969) N/ A $ ( 237, 467) $ ( 237, 467) $ ( 237, 467) $ ( 138, 170) $ ( 105, 790) $ - $ - $ - $ - Net Increase( Decrease) in Pension Expense 777, 8%) ( 777, 894) ( 777, 894) ( 678, 597) ( 646, 217) ( 540. 427) ( 540. 427) $ ( 540, 427) $ ( 540, 427) Village of Plainfield Police Pension Fund FOSTER& FOSTER 136 59 GASB 68 AMORTIZATION SCHEDULE— CHANGES OF ASSUMPTIONS Increase( Decrease) in Pension Expense Arising from the Recognition of the Effects of Changes of Assumptions Year Base Effects of Changes Recognition Established in Assumptions Period( Years) 2019 2020 2021 2022 2023 2024 2025 2026 2027 2019 $ 1, 585, 849 9 176, 209 $ 176, 205 $ 176, 205 $ 176, 205 $ 176, 205 $ 176, 205 $ 176, 205 $ 176, 205 $ 176, 205 Prior Years $ 1, 884, 653 N/ A $ 403, 998 $ 403, 996 $ 300, 161 $ ( 30, 955) $ ( 55, 019) $ 144, 252 $ ( 93, 941) $ - $ - Net Increase( Decrease) in Pension Expense 580, 207 $ 580, 201 $ 476, 366 $ 145, 250 $ 121, 186 $ 320, 457 $ 82, 264 $ 176, 205 $ 176, 205 Village of Plainfield Police Pension Fund FOSTER& FOSTER 1 37 60 GASB 68 AMORTIZATION SCHEDULE— INVESTMENTS Increase ( Decrease) in Pension Expense Arising from the Recognition of the Differences Between Projected and Actual Earnings on Pension Plan Investments Differences Year Base Between Projected Recognition Established and Actual Earnings Period( Years) 2019 2020 2021 2022 2023 2024 2019 $ 489, 796 5 97, 960 $ 97, 959 $ 97, 959 $ 97, 959 $ 97, 959 $ 2018 $ 61, 588 5 12, 318 $ 12, 318 $ 12, 318 $ 12, 316 $ 2017 $ 380, 294) 5 76, 059) $ ( 76, 059) $ ( 76, 058) $ 2016 $ 1, 896, 017 5 379, 203 $ 379, 205 $ Net Increase ( Decrease) in Pension Expense 413, 422 $ 413, 423 $ 34, 219 $ 110, 275 $ 97, 959 $ Village of Plainfield Police Pension Fund FOSTER& FOSTER 138 61 GASB 67/68 SCHEDULE OF CONTRIBUTIONS Contributions Contributions in Relation to as a Actuarially the Actuarially Contribution Percentage of Determined Determined Deficiency Covered Covered Plan Year-End Contribution Contributions Excess) Payroll Payroll 04/30/2019 1,246,616 1,402,674 156,058) 5,827,563 24.07% 04/30/2018 1,295,962 1,364,479 68,517) 5,525,220 24.70% The following assumptions were used to determine the Actuarially Determined Contribution as of May 1,2017: Calculation Timing The Actuarially Determined Contribution is calculated as of May 1 one year prior to the year in which contributions are reported. Interest Rate 7.50% Mortality Rate RP 2014 Mortality Table(BCHA)projected to 2017 using improvement scale MP-2016. Assumptions All other assumptions and methods used for determining the Actuarially Determined Contribution can be found in the May 1, 2017 Actuarial Valuation Report for the Village of Plainfield Police Pension Fund prepared by Timothy W. Sharpe, Actuary,Geneva(IL). Village of Plainfield Police Pension Fund FOSTER&FOSTER 139 62 GASB 67 SCHEDULE OF INVESTMENT RETURNS For the year ended April 30,2019,the annual money-weighted return on Pension Plan investments,net of pension plan investment expense,was 5.18 percent.The money-weighted rate of return expresses investment performance,net of investment expense,adjusted for the changing amounts actually invested. Annual Money-Weighted Rate of Return Net of Plan Year-End Investment Expense 04/30/2019 5.18% 04/30/2018 7.21% Village of Plainfield Police Pension Fund FOSTER&FOSTER 140 63 GASB 67/68 ASSUMPTIONS—TOTAL PENSION LIABILITY The valuation reflects the following assumption changes : The mortality rates were updated to reflect the PubS-2010 tables. The following assumptions were used to determine the Net Pension Liability: Valuation Date May 1,2019 Measurement Date April 30,2019 GASB 68 Expense Measurement Period May 1,2018-April 30,2019 Reporting Period May 1,2018-April 30, 2019 Discount Rate 6.75% Mortality Rate Active Lives: PubS-2010 Employee mortality,projected 5 years past the valuation date with Scale MP-2018. 10%of active deaths are assumed to be in the line of duty. Inactive Lives: PubS-2010 Healthy Retiree mortality,projected 5 years past the valuation date with Scale MP-2018. Beneficiaries: PubS-2010 Survivor mortality,projected 5 years past the valuation date with Scale MP-2018. Disabled Lives: PubS-2010 Disabled mortality,projected 5 years past the valuation date with Scale MP-2018. The mortality assumptions sufficiently accommodate anticipated future mortality improvements. Retirement Age See table later in this section. This is based on a 2017 experience study performed for the State of Illinois Department of Insurance. Disability Rate See table later in this section. 60%of the disabilities are assumed to be in the line of duty. This is based on a 2017 experience study performed for the State of Illinois Department of Insurance. Termination Rate See table later in this section. This is based on a 2017 experience study performed for the State of Illinois Department of Insurance. Inflation 2.50%. Village of Plainfield Police Pension Fund FOSTER&FOSTER 141 64 GASB 67/68 Cost-of-Living Adjustment Tier 1: 3.00%per year after age 55. Those that retire prior to age 55 receive an increase of 1/12 of 3.00%for each full month since benefit commencement upon reaching age 55. Tier 2: 1.25%per year after the later of attainment of age 60 or first anniversary of retirement. Salary Increases See table below. This is based on a 2017 experience study performed for the State of Illinois Department of Insurance. Salary Scale Service Rate 0 11.00% 1 10.75% 2 8.75% 3 8.50% 4 7.00% 5 6.25% 6 5.25% 7 4.25% 8- 16 4.00% 17-32 3.75% 32+ 3.50% Marital Status 80%of Members are assumed to be married. Spouse's Age Males are assumed to be three years older than females. Method Entry Age Normal Cost Method. Decrement Tables Terminating %Becoming Disabled Retiring Retiring During the Year During the Year During the Year(Tier 1) During the Year(Tier 2) Age Rate Age Rate Age Rate Age Rate 20 14.00% 20 0.000% 50-51 15% 50-54 5% 25 10.40% 25 0.030% 52-54 20% 55 40% 30 5.60% 30 0.140% 55-64 25% 56-64 25% 35 3.10% 35 0.260% 65-69 40% 65-69 40% 40 1.90% 40 0.420% 70+100% 70+100% 45 1.50% 45 0.590% 50 1.50% 50 0.710% 56+ 0.00% 55 0.900% 60 1.150% Village of Plainfield Police Pension Fund FOSTER&FOSTER 142 65 GASB 67/68 NOTES TO THE FINANCIAL STATEMENTS Support for Long-Term Expected Rate ofReturn The Long-Term Expected Rate of Return on Pension Plan investments can be determined using a building-block method in which best-estimate ranges of expected future real rates of return(expected returns,net of Pension Plan investment expenses and inflation)are developed for each major asset class. These ranges are combined to produce the Long-Term Expected Rate of Return by weighting the expected future real rates of return by target asset allocation percentage and by adding expected inflation. Best estimates of geometric real rates of return for each major asset class included in the Pension Plan's target asset allocation adopted as of April 30,2019, as provided by Sawyer Falduto Asset Management,LLC,are summarized in the following table: Long Term Expected Real Asset Class Target Allocation Rate of Return Large Cap Domestic Equity 35.10%6.60% Small Cap Domestic Equity 11.65% 8.40% International Equity 8.25% 6.40% Fixed Income 45.00% 1.60% Total 100.00% Concentrations The Plan did not hold investments in any one organization that represent 5 percent or more of the Pension Plan's fiduciary net position. Discount Rate The Discount Rate used to measure the Total Pension Liability was 6.75 percent. 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 Sponsor contributions will be made at rates equal to the difference between actuarially determined contribution rates and the Member rate. Based on those assumptions, the Pension Plan'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(6.75 percent)was applied to all periods of projected benefit payments to determine the Total Pension Liability. For the purpose of this valuation,the expected rate of return on pension plan investments is 6.75 percent. The municipal bond rate is 3.21 percent(based on the daily rate closest to,but not later than the measurement date of the S&P Municipal Bond 20 Year High Grade Rate Index).The resulting single discount rate is 6.75 percent. Village of Plainfield Police Pension Fund FOSTER&FOSTER 143 66 GASB 67/68 SUMMARY OF CURRENT PLAN Article 3 Pension Fund The Plan is established and administered as prescribed by"Article 3. Police Pension Fund—Municipalities 500,000 and Under"of the Illinois Pension Code. Plan Administration The Plan is a single employer defined benefit pension plan administered by a Board of Trustees comprised of: a) Two members appointed by the Municipality, b) Two active Members of the Police Department elected by the Membership,and c) One retired Member of the Police Department elected by the Membership. Credited Service Complete years of service as a sworn police officer employed by the Municipality. Normal Retirement Date Tier 1: Age 50 and 20 years of Credited Service. Tier 2: Age 55 with 10 years of Credited Service. Benefit Tier 1: 50%of annual salary attached to rank on last day of service plus 2.50%of annual salary for each year of service over 20 years,up to a maximum of 75%of salary. The minimum monthly benefit is $1,000 per month. Tier 2:2.50%per year of service times the average salary for the eight consecutive years prior to retirement times the number of years of service, up to a maximum of 75%of average salary.The minimum monthly benefit is$1,000 per month. Form of Benefit Tier 1: For married retirees,an annuity payable for the life of the Member;upon the death of the member, 100%of the Member's benefit payable to the spouse until death.For unmarried retirees,the normal form is a Single Life Annuity. Tier 2: Same as above,but with 66 2/3%of benefit continued to spouse. Early Retirement Date Tier 1:Age 60 and 8 years of Credited Service. Tier 2: Age 50 with 10 years of Credited Service. Benefit Tier 1:Normal Retirement benefit with no minimum. Tier 2:Normal Retirement benefit,reduced 6%each year before age 55, with no minimum benefit. Form of Benefit Same as Normal Retirement. Village of Plainfield Police Pension Fund FOSTER&FOSTER 144 67 GASB 67/68 Disability Benefit Eligibility Total and permanent as determined by the Board of Trustees. Benefit Amount A maximum of: a.) 65%of salary attached to the rank held by Member on last day of service,and; b.) The monthly retirement pension that the Member is entitled to receive if he or she retired immediately. For non-service connected disabilities,a benefit of 50%of salary attached to rank held by Member on last day of service. Cost-of-Living Adjustment Tier 1: Retirees: An annual increase equal to 3.00%per year after age 55.Those that retire prior to age 55 receive an increase of 1/12 of 3.00%for each full month since benefit commencement upon reaching age 55. Disabled Retirees: An annual increase equal to 3.00%per year of the original benefit amount beginning at age 60. Those that become disabled prior to age 60 receive an increase of 3.00%of the original benefit amount for each year since benefit commencement upon reaching age 60. Tier 2: An annual increase each January 1 equal to 3.00%per year or one- half of the annual unadjusted percentage increase in the consumer price index-u for the 12 months ending with the September preceding each November 1,whichever is less,of the original pension after the attainment of age 60 or first anniversary of pension start date whichever is later. Pre-Retirement Death Benefit Service Incurred 100%of salary attached to rank held by Member on last day of service. Non-Service Incurred A maximum of: a.) 50%of salary attached to the rank held by Member on last day of service,and; b.) The monthly retirement pension earned by the deceased Member at the time of death,regardless of whether death occurs before or after age 50. For non-service deaths with less than 10 years of service,a refund of member contributions is provided. Village of Plainfield Police Pension Fund FOSTER&FOSTER 145 68 GASB 67/68 Vesting(Termination) Vesting Service Requirement Tier 1: 8 years. Tier 2: 10 years. Non-Vested Benefit Refund of Member Contributions. Vested Benefit Either the termination benefit,payable upon reaching age 60(55 for Tier 2),provided contributions are not withdrawn,or a refund of member contributions.The termination benefit is 2.50%of annual salary held in the year prior to termination(8-year final average salary for Tier 2)times creditable service. Contributions Employee 9.91%of Salary. Municipality Remaining amount necessary for payment of Normal(current year's)Cost and amortization of the accrued past service liability. Village of Plainfield Police Pension Fund FOSTER&FOSTER 146 69