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Home My Public Portal AboutFY 2022 - Annual Comprehensive Financial Report Annual Comprehensive Financial Report For the Fiscal Year Ended April 30, 2022 24401 West Lockport Street | Plainfield, Illinois 60544 Village of Plainfield VILLAGE OF PLAINFIELD, ILLINOIS ANNUAL COMPREHENSIVE FINANCIAL REPORT For the Year Ended April 30, 2022 For the Year Ended April 30, 2018 Prepared by the Management Services Department Traci Pleckham, Director Colleen Thornton, Accounting Services Supervisor VILLAGE OF PLAINFIELD, ILLINOIS TABLE OF CONTENTS Page(s) INTRODUCTORY SECTION Principal Officials ............................................................................................................. i Organization Chart ............................................................................................................ ii Certificate of Achievement for Excellence in Financial Reporting .................................. iii Letter of Transmittal ......................................................................................................... iv-vii FINANCIAL SECTION INDEPENDENT AUDITOR’S REPORT........................................................................ 1-4 GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS Management’s Discussion and Analysis ...................................................................... MD&A 1-12 Basic Financial Statements Government-Wide Financial Statements Statement of Net Position ................................................................................... 5-6 Statement of Activities ....................................................................................... 7-8 Fund Financial Statements Governmental Funds Balance Sheet ................................................................................................ 9-10 Reconciliation of Fund Balances of Governmental Funds to the Governmental Activities in the Statement of Net Position ................... 11 Statement of Revenues, Expenditures, and Changes in Fund Balances ....... 12 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Governmental Activities in the Statement of Activities ...................................................... 13 VILLAGE OF PLAINFIELD, ILLINOIS TABLE OF CONTENTS (Continued) Page(s) FINANCIAL SECTION (Continued) GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS (Continued) Basic Financial Statements (Continued) Fund Financial Statements (Continued) Proprietary Fund Statement of Net Position .............................................................................. 14-15 Statement of Revenues, Expenses, and Changes in Fund Net Position........ 16 Statement of Cash Flows ............................................................................... 17-18 Fiduciary Funds Statement of Fiduciary Net Position ............................................................. 19 Statement of Changes in Fiduciary Net Position .......................................... 20 Notes to Financial Statements ............................................................................. 21-61 Required Supplementary Information Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - General Fund .............................................. 62 Schedule of Employer Contributions Illinois Municipal Retirement Fund ................................................................... 63 Police Pension Fund ........................................................................................... 64 Schedule of Changes in the Employer’s Net Pension Liability and Related Ratios Illinois Municipal Retirement Fund ................................................................... 65-66 Police Pension Fund ........................................................................................... 67-68 Schedule of Changes in the Employer’s Total OPEB Liability and Related Ratios Other Postemployment Benefit Plan .................................................................. 69 Schedule of Investment Returns Police Pension Fund ........................................................................................... 70 Notes to Required Supplementary Information .................................................. 71 VILLAGE OF PLAINFIELD, ILLINOIS TABLE OF CONTENTS (Continued) Page(s) FINANCIAL SECTION (Continued) COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES MAJOR GOVERNMENTAL FUNDS Schedule of Revenues - Budget and Actual - General Fund .................................. 72-73 Schedule of Expenditures - Budget and Actual - General Fund ............................. 74-75 Schedule of Detailed Expenditures - Budget and Actual - General Fund .............. 76-85 Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Capital Projects Fund.......................................................................................... 86 NONMAJOR GOVERNMENTAL FUNDS Combining Balance Sheet ................................................................................... 87-88 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ................................................................................ 89-90 Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Liability Insurance Fund ..................................................................................... 91 Audit Fund .......................................................................................................... 92 Alcohol Enforcement Fund ................................................................................ 93 Motor Fuel Tax Fund.......................................................................................... 94 D.A.R.E. Fund .................................................................................................... 95 Downtown TIF Fund .......................................................................................... 96 Route 30 TIF Fund ............................................................................................. 97 Debt Service Fund .......................................................................................... 98 MAJOR ENTERPRISE FUND Water and Sewer Department Accounts Combining Schedule of Net Position ................................................................. 99-100 Combining Schedule of Revenues, Expenses, and Changes in Net Position ................................................................................... 101 Combining Schedule of Cash Flows .................................................................. 102-103 Schedule of Operating Expenses - Budget and Actual ...................................... 104-106 FIDUCIARY FUND Schedule of Changes in Fiduciary Net Position - Budget and Actual - Police Pension Fund ............................................................. 107 VILLAGE OF PLAINFIELD, ILLINOIS TABLE OF CONTENTS (Continued) Page(s) STATISTICAL SECTION Financial Trends Net Position by Component ......................................................................................... 108-109 Change in Net Position ................................................................................................. 110-113 Fund Balances of Governmental Funds ....................................................................... 114-115 Changes in Fund Balances of Governmental Funds .................................................... 116-117 Revenue Capacity Assessed Value and Actual Value of Taxable Property .............................................. 118 Property Tax Rates - Direct and Overlapping Governments ....................................... 119 Principal Property Taxpayers ....................................................................................... 120 Property Tax Levies and Collections ........................................................................... 121 Property Tax Assessed Valuations, Rates, and Tax Extensions .................................. 122 Sales Tax by Category .................................................................................................. 123 Direct and Overlapping Sales Tax Rates ..................................................................... 124 Debt Capacity Ratios of Outstanding Debt by Type ............................................................................ 125 Ratios of General Bonded Debt Outstanding ............................................................... 126 Direct and Overlapping Governmental Activities Debt ............................................... 127 Pledged-Revenue Coverage ......................................................................................... 128 Demographic and Economic Information Demographic and Economic Information .................................................................... 129 Principal Employers ..................................................................................................... 130 Operating Information Full-Time Equivalent Employees................................................................................. 131 Operating Indicators - Last Ten Calendar Years .......................................................... 132 Operating Indicators - Last Ten Fiscal Years............................................................... 133 Capital Asset Statistics ................................................................................................. 134 INTRODUCTORY SECTION - i - VILLAGE OFFICIALS PRESIDENT John F. Argoudelis TRUSTEES Harry Benton Patricia T. Kalkanis Tom Ruane Cally J. Larson Kevin M. Calkins Brian Wojowski Joshua Blakemore Village Administrator Traci Pleckham Assistant Village Admin. Management Services Director John Konopek Police Chief Scott Threewitt Public Works Director Lonnie Spires Building Official Jonathan Proulx Planning Director Michelle Gibas Village Clerk Citizens of the Village Mayor and Board of Trustees Village Administrator Management Services Department Community Relations Police Department Public Works Department Planning Department Building Department Assistant Village Administrator/ Management Services Director Village Clerk Village Attorney Village of Plainfield Organizational Chart - ii - Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to Village of Plainfield Illinois For its Annual Comprehensive Financial Report For the Fiscal Year Ended April 30, 2021 Executive Director/CEO - iii - - v - The Village operates under the Trustee/Administrator form of government by Village ordinance. Policymaking and legislative authority are vested with the Village Board which consists of a Village President and six Trustees elected at large on a nonpartisan basis. The Village President is elected to a four-year term. The Board members are elected to four-year staggered terms, with three Board members elected every two years. The Administrator is responsible for the daily affairs of the organization and for carrying out the policies and ordinances of the Village Board. The Village is served by approximately 150 FTE employees, providing public/municipal/ enterprise services, including: police protection, community development, building and zoning services, public works operations, road and bridge maintenance, potable water distribution services, sanitary sewer services, and storm water services. The Village residents are also provided a variety of services, at the local level, by three school districts, two park districts, four townships, two fire protection districts, and two library districts. The annual budget serves as the spending authority for the Village. Budgetary control is maintained at the fund level for all budgeted funds. An annual budget is prepared for the General Fund, Water/Sewer & Expansion Fund, Capital Fund, and other miscellaneous funds. The budget process begins in the fall with an update to the Village’s long-term financial forecast and capital project demands. The annual budget must be adopted by the Village Board before the start of the fiscal year which begins on May 1st. Economic Condition and Outlook Local Economy The Village remained stable in its economic indicators last year, especially in retail sales. Overall, retail sales increased 29% in comparison to the previous fiscal year; while state income tax improved by 33%. Housing development increased 34% in fiscal year 2022 with a total of 414 single family building permits issued. Comparatively, during fiscal year 2021, 307 permits were issued, and 220 were issued in 2020. Building permit revenues represented 5.4% of the General Fund revenue for fiscal year 2022 compared to 4.7% in fiscal year 2021. The Village’s Fund Balance Policy, which is reviewed on an annual basis, includes the ability to transfer unassigned General Fund balance in excess of 40% of the total General Fund annual expenditures to the Village’s Capital Fund. Fiscal year 2022 reflected a $6,002,811 transfer from the Village’s General Fund to the Capital Fund, resulting in an ending fund balance of just over $28 million. This key financial policy will continue to help the Village position itself for future capital infrastructure needs. Debt ratings indicate the confidence of the rating agency in the Village’s continued financial operations and abilities to meet its ongoing obligations. Standard & Poor’s rating for the Village's debt is AA+. S&P notes factors such as budgetary flexibility, management, and good financial policies as reasons for the strong rating. - vi - Moody’s also issued a strong bond rating for the Village’s debt at Aa1. Moody’s states that the bond rating “reflects the Village’s healthy financial operations and ample reserves supported by strong management and long-term fiscal planning.” Economic Development, Infrastructure, & Transportation Highlights The Village is fortunate in that we continue to see strong economic development interest in the community while we also make progress on major infrastructure projects. Here are a few of the year’s highlights: • One of Plainfield’s largest private employers, Diageo North America, expanded its footprint in the Village by opening a new high-speed canning facility on Coil Plus Drive. The 225,000 square foot facility is capable of producing 25 million cases of Ready-to-Drink (RTD) spirit mix products per year. This project brought 50 new jobs and an investment of over $80 million to the Village. • The Village’s public-private partnership project, located at Van Dyke Road and Depot Drive, continued to take shape with the construction of the 250,000 square foot Pace Bus Garage & Maintenance Facility which is nearly complete. In addition, Perlow Steel opened their new 65,000 square foot facility and Northern Builders made progress on the Village’s new Emergency Management Agency building. Several major roadway improvements were also completed in conjunction with the development of the P3 including the construction of Depot Drive and Persons Parkway and the reconstruction of Wood Farm Road. The site is almost fully developed with only two acres of developable property left. • The Village continued to see significant residential growth with ongoing construction throughout the fiscal year at the Springbank, Chatham Square, Willow Run, Lansdowne, and Creekside Crossing subdivisions. Additionally, construction continued on major multi-family projects like Sixteen30 and Legacy Apartments at Grande Park. • The first phase of the Old Town Neighborhood Improvements project was completed. This multi-year project located east of Route 59, from Main Street south to Lake Renwick, includes water main, water service, and storm sewer improvements as well as roadway reconstruction. Improvements to the sanitary sewer system were completed with cured in place pipe/trenchless technology utilized to line the existing sanitary sewer mains, manhole structures, and individual sanitary sewer services to homes. Overall, approximately 18,000 feet of sanitary sewer main and over 12,000 feet of individual sanitary sewer services were lined. Awards and Acknowledgements The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Village of Plainfield for its Annual Comprehensive Financial Report for the fiscal year that ended April 30, 2021. The Village has received this prestigious award every year since our initial submittal with the 2014 fiscal year audit. In order to be awarded a Certificate of Achievement, the Village must publish an easily readable and efficiently organized Annual Report. The report must also satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of only one year. We believe that our current Annual Comprehensive Financial Report continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. - vii - This report would not been possible without the dedicated support and involvement of the Village Department Heads and Staff. The entire Management Services Staff is extended a special appreciation for all of their assistance in the completion of the annual audit and preparation of this report. We would also like to thank the Village President and Board of Trustees for their support in maintaining the highest standards of professionalism in the management of the Village’s finances. Respectfully submitted, Joshua Blakemore Village Administrator FINANCIAL SECTION 1415 West Diehl Road, Suite 400 Naperville, IL 60563 630.566.8400 INDEPENDENT AUDITOR’S REPORT The Honorable President Members of the Board of Trustees Village of Plainfield, Illinois Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of the governmental activities, the business- type activities, each major fund, and the aggregate remaining fund information of the Village of Plainfield, Illinois (the Village), as of and for the year ended April 30, 2022, and the related notes to financial statements, which collectively comprise the Village’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of Village of Plainfield, Illinois as of April 30, 2022, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under these standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Village and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. - 1 - In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village’s ability to continue as a going concern for 12 months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS and Government Auditing Standards, we • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Village’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control- related matters that we identified during the audit. - 2 - Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and the required supplementary information listed in the table of contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Village’s basic financial statements. The combining and individual fund financial statements and schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Information Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. - 3 - Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated September 27, 2022 on our consideration of the Village’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Village’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Village’s internal control over financial reporting and compliance. Naperville, Illinois September 27, 2022 - 4 - GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS (See independent auditor's report) MD&A 1 VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS APRIL 30, 2022 _____________________________________________________________________________________________ The Village of Plainfield’s (the "Village") Management Discussion and Analysis (MD&A) is designed to provide an overview of the Village’s financial position and activity at and for the year ended April 30, 2022. Since the MD&A is designed to focus on the Village’s current year activities, changes in the Village’s financial position, and to identify any material deviations from approved budget and financial plans, the information contained within this MD&A should be considered as a part of a greater whole. Readers of this report should read and evaluate all sections of this report, including the Notes to the Financial Statements and the Statistical Section that is provided in addition to the MD&A, in order to form an opinion on the financial position and activities of the Village. Financial Highlights • The Village’s total net position as of April 30, 2022 equaled $349.640.042, an increase of $19,892,546 or 6% over the April 30, 2021 net position. Governmental Activities recognized an increase in net position of $11,003,649. The Business-Type activities recognized an increase of $8,888,897 in net position. • Total revenues (including transfers) of all governmental activities increased by $10,586,974, or 22%. Total expenses decreased by $696,937 or 1.5% as compared to fiscal year 2021. • Total revenues of all business-type activity programs increased by $3,313,277, or 13.4%, while the total expenses increased by $668,993, or 3.6% as compared to fiscal year 2021. • Governmental Funds reported combined ending fund balances of $47,438,667, an increase of $9,029,368 over the prior fiscal year. o Total fund balance for the General Fund was $13,667,935, an increase of $395,210 over fiscal year 2021. This represents 49% of General Fund expenditures. $11,228,184 of the General Fund balance is considered unassigned. This unassigned fund balance represents 40% of General Fund expenditures. o Total fund balance for the Capital Projects Fund was $28,320,359, an increase of $9,214,288 over fiscal year 2021. In March of 2014, the Village Board revised its Financial Policies to include the ability to transfer unassigned General Fund balance in excess of 40% to the Village’s Capital Fund. Consistent with the Village’s Financial Policies, fiscal year 2022 reflected a $6,002,811 transfer from the Village’s General Fund to the Capital Fund. USING THE FINANCIAL SECTION OF THIS ANNUAL REPORT The Financial Statements' focus is on both the Village as a whole (government-wide) and on the major individual funds. Both perspectives (government-wide and major fund) allow the user to address relevant questions, broaden a basis for comparison (year to year or government to government), and enhance the Village's accountability. The Village’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report contains other supplementary information in addition to the basic financial statements. Government-Wide Financial Statements The Government-Wide Financial Statements are designed to emulate the corporate sector in that all governmental and business-type activities are consolidated into columns that add to a total for the Primary Government. The Statement of Net Position presents information on all of the Village’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the difference between total assets and deferred outflows of resources and total liabilities and deferred inflows of resources reported as the net position. The "Unrestricted Net Position" is designed to be similar to bottom line results for the Village’s governmental and business-type activities. This statement combines and consolidates governmental funds' current financial resources (short-term spendable resources) with capital assets and long- term obligations using the accrual basis of accounting and economic resources measurement focus. Over time, increases or decreases in net position may serve as a useful indicator of whether or not the financial position of the Village is improving. The Statement of Activities presents information showing how the Village’s net position changed during the most recent fiscal year. This is intended to summarize and simplify the user's analysis of the cost of various government services and/or subsidy to various business-type activities. The Governmental Activities reflect the Village's basic services, including police, highways and streets, planning, building, and administration. Property taxes, sales taxes, local utility taxes, and shared State income taxes finance the majority of these activities. The Business-Type Activities reflect private sector-type operations (Water and Sewer Fund), where the fee for service typically covers all or most of the cost of operation, including depreciation. VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 2 Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The Fund Financial Statements allow the demonstration of sources and uses of funds and/or the related budgeting compliance. Traditional users of governmental financial statements will find the Fund Financial Statements presentation more familiar. The focus is on major funds, rather than fund types. All of the funds of the Village can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental Funds Governmental funds (see pages 9-13) are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, governmental fund financial statements focus on near-term inflows and outflows of resources available for spending, as well as on balances of resources available for spending at the end of the fiscal year. Such information may be useful in evaluating the Village’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. The governmental fund’s Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The Village maintains 10 individual governmental funds. Information is presented separately in the Governmental Fund Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund and the Capital Projects Fund, which are considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements elsewhere in this report. Proprietary Funds Proprietary fund financial statements (see pages 14-18) provide the same type of information as the government-wide financial statements, only in more detail. Proprietary funds account for services that are generally fully supported by user fees charged to customers. The Water and Sewer Fund is considered a major fund of the Village and is presented in a separate column in the Fund Financial Statements. A more detailed analysis of Water and Sewer Fund activities can be found on pages 99-106 of this report. Fiduciary Funds Fiduciary funds are used to account for resources held for the benefit of parties outside Village government (Police Pension Fund, see pages 19-20). While these funds represent trust responsibilities of the government, these assets are restricted in purpose and do not represent discretionary assets of the government. Therefore, these assets are not presented as part of the Government-Wide Statements. Notes to the Financial Statements The notes provide additional information that is essential to obtaining a full understanding of the data provided in the government-wide and fund financial statements. Notes to the Financial Statements can be found on pages 21-61 of this report. Other Information Required Supplementary Information In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information including the general fund budgetary schedules and data concerning the Village’s progress in funding its obligation to provide pension and other postemployment benefits to its employees. Required supplementary information can be found on pages 62-71 of this report. Other Supplementary Information In addition to the basic financial statements and accompanying notes, this report also presents combining and individual fund financial statements and schedules for each of the Village’s funds, as well as supplemental schedules and historical statistical data, which are presented on pages 72-134 of this report. VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 3 GOVERNMENT-WIDE STATEMENT Statement of Net Position Net position may serve over time as a useful indicator of a government's financial position. For the Village of Plainfield, assets exceeded liabilities by $349,640,042 as of April 30, 2022 and $329,747,496 for April 30, 2021. In comparison, this amount reflects an increase of $19,892,546 in total net position. For more detailed information see the Statement of Net Position (pages 5-6). The following table reflects the condensed Statement of Net Position: The largest portion of the Village’s total net position (82%) reflects its investment in capital assets (land and improvements, building, machinery, vehicles, equipment and infrastructure), less any related debt still outstanding. Although the Village’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. A small portion of the Village’s total net position (2.3%) represents resources that are subject to restrictions on how they may be used. The remaining balance of unrestricted net position of $53,916,365 may be used to meet the Village’s ongoing obligations. Of this amount, $26,677,146 represents the governmental activities portion and $27,239,219 is available for the Village’s business-type activities (water and sewer operations). 2021 2022 2021 2022 2021 2022 Assets Current Assets 57,316,163$ 68,426,887$ 25,297,283$ 36,931,265$ 82,613,446$ 105,358,152$ Capital Assets 204,854,461$ 202,785,036$ 106,353,186$ 110,254,430$ 311,207,647$ 313,039,466$ Total Assets 262,170,624$ 271,211,923$ 131,650,469$ 147,185,695$ 393,821,093$ 418,397,618$ Deferred Outflows of Resources IMRF 640,758$ 769,395$ 132,554$ 158,903$ 773,312$ 928,298$ OPEB 927,325$ 791,295$ 26,403$ 68,817$ 953,728$ 860,112$ Police Pension 1,802,242$ 4,760,706$ -$ 1,802,242$ 4,760,706$ Asset retirement obligation -$ -$ 346,354$ 332,031$ 346,354$ 332,031$ Unamortized loss on refundings 909,261$ 516,397$ 1,742,690$ 1,647,738$ 2,651,951$ 2,164,135$ Total Deferred Outflows of Resources 4,279,586$ 6,837,793$ 2,248,001$ 2,207,489$ 6,527,587$ 9,045,282$ Total Assets and Deferred Outflows of Resources 266,450,210$ 278,049,716$ 133,898,470$ 149,393,184$ 400,348,680$ 427,442,900$ Liabilities Current Liabilities 10,655,787$ 10,098,918$ 3,638,886$ 7,237,253$ 14,294,673$ 17,336,171$ Long-Term Liabilities 22,415,231$ 25,694,633$ 15,365,671$ 18,109,470$ 37,780,902$ 43,804,103$ Total Liabilities 33,071,018$ 35,793,551$ 19,004,557$ 25,346,723$ 52,075,575$ 61,140,274$ Deferred Inflows of Resources IMRF 2,137,143$ 3,150,321$ 437,281$ 644,799$ 2,574,424$ 3,795,120$ OPEB 420,991$ 783,281$ 11,988$ 68,121$ 432,979$ 851,402$ Police Pension 7,142,939$ 2,860,257$ -$ -$ 7,142,939$ 2,860,257$ Deferred property tax 8,375,267$ 9,155,805$ -$ -$ 8,375,267$ 9,155,805$ Total Deferred Inflows of Resources 18,076,340$ 15,949,664$ 449,269$ 712,920$ 18,525,609$ 16,662,584$ Total Liabilities and Deferred Inflows of Resources 51,147,358$ 51,743,215$ 19,453,826$ 26,059,643$ 70,601,184$ 77,802,858$ Net Position: Net Investmant in Capital Assets 192,867,595$ 193,321,923$ 93,286,823$ 94,367,397$ 286,154,418$ 287,689,320$ Restricted 6,697,297$ 6,307,432$ 1,722,725$ 1,726,925$ 8,420,022$ 8,034,357$ Unrestricted 15,737,960$ 26,677,146$ 19,435,096$ 27,239,219$ 35,173,056$ 53,916,365$ Total Net Position 215,302,852$ 226,306,501$ 114,444,644$ 123,333,541$ 329,747,496$ 349,640,042$ Governmental Activities Business-Type Activities Total Primary Government Table 1: Statement of Net Position as of April 30, 2021 and April 30, 2022 VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 4 Current Year Impacts The Village of Plainfield’s April 30, 2022 General Fund reflects a positive fund balance of $13,667,935, reflecting an increase of fund balance of $395,510 from the 2021 fiscal year. The 2022 total combined General Fund balance represents 49% of General Fund expenditures. Total General Fund unassigned fund balance represents 40% of General Fund expenditures or $11,228,184. The Village’s Capital Projects fund balance improved its fund balance by $9,214,288 resulting in a fund balance of $28,320,359 as of April 30, 2022. The Village’s overall combined fund balance is $47,438,667, an increase of $9,029,368 from fiscal year 2021. Changes in Net Position The following table provides detail of the change in the Village’s net position during the year ended April 30, 2022 compared to the year ended April 30, 2021. 2022 Governmental activities increased the Village’s net position by $11,003,649 and business-type activities increased the Village’s net position by $8,888,897. The increase of $6,046,846 in Other Taxes (Sales, Income, Utility and Local Motor Fuel Taxes) primarily contributed to the increase in net position for the governmental activities of $11,003,649. Specifically, sales and local motor fuel taxes increased due to recognizing a full fiscal year of a new significant retail business to the Village. An increase of $4,625,397 in Capital Grants & Contribution revenues contributed as well. 2021 2022 2021 2022 2021 2022 Revenues Program Revenues Charges for Services 8,497,079$ 9,936,310$ 19,332,166$ 19,911,315$ 27,829,245$ 29,847,625$ Operating Grants & Contributions 3,777,693$ 1,970,022$ -$ -$ 3,777,693$ 1,970,022$ Capital Grants & Contributions 4,507,614$ 9,133,011$ 929,493$ 2,713,160$ 5,437,107$ 11,846,171$ General Revenues Property Taxes 7,991,671$ 8,509,758$ -$ -$ 7,991,671$ 8,509,758$ Other Taxes 21,709,436$ 27,756,282$ 2,114,518$ 2,993,857$ 23,823,954$ 30,750,139$ Other 131,772$ (55,092)$ 3,343,594$ 3,366,664$ 3,475,366$ 3,311,572$ Total Revenues 46,615,265$ 57,250,291$ 25,719,771$ 28,984,996$ 72,335,036$ 86,235,287$ Expenses General Government 6,284,103$ 9,185,102$ -$ -$ 6,284,103$ 9,185,102$ Public Safety 13,967,774$ 14,916,089$ -$ -$ 13,967,774$ 14,916,089$ Highways and Streets 27,078,111$ 22,654,778$ -$ -$ 27,078,111$ 22,654,778$ Interest 549,339$ 426,421$ -$ -$ 549,339$ 426,421$ Water and Sewer -$ 18,491,358$ 19,160,351$ 18,491,358$ 19,160,351$ Total Expenses 47,879,327$ 47,182,390$ 18,491,358$ 19,160,351$ 66,370,685$ 66,342,741$ (1,264,062)$ 10,067,901$ 7,228,413$ 9,824,645$ 5,964,351$ 19,892,546$ Transfers 983,800$ 935,748$ (983,800)$ (935,748)$ -$ -$ Change in Net Position (280,262)$ 11,003,649$ 6,244,613$ 8,888,897$ 5,964,351$ 19,892,546$ Net Position May 1 215,583,114$ 215,302,852$ 108,200,031$ 114,444,644$ 323,783,145$ 329,747,496$ Ending Net Position 215,302,852$ 226,306,501$ 114,444,644$ 123,333,541$ 329,747,496$ 349,640,042$ Table 2: Changes in Net Position for the Fiscal Years Ended April 30, 2021 and April 30, 2022 Change in Net Position before Transfers Governmental Activities Business-Type Activities Total Primary Government VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 5 Normal Impacts – There are eight basic impacts on revenues and expenses as reflected below: Revenues: Economic Condition - can reflect a declining, stable, or growing economic environment and can have an impact on state income, sales, and utility tax revenue as well as public spending habits for consumers and builders/developers. Increase/Decrease in Village-Approved Rates - while certain tax rates are set by statute, the Village Board has authority to impose and increase/decrease rates (water, sewer, impact fees, connection fees, building permit fees, home rule sales tax, utility tax etc.) Changing Patterns in Intergovernmental and Grant Revenue (both recurring and nonrecurring) – certain recurring revenues (State-shared revenues: sales, income, use etc.) may experience changes periodically, while nonrecurring (or one-time) grants are less predictable and often distort their impact on year-to-year comparisons. Market Impacts on Investment Income - the Village's investment portfolio is managed using a similar average maturity to most governments. Market conditions may cause investment income to fluctuate. Expenses: Introduction/Modifications of New/Existing Programs - within the functional expense categories (General Government, Public Safety, and Highways and Streets, etc.), individual programs may be added, modified or deleted to meet changing community needs. Changes in Authorized Personnel - changes in service demands may cause the Village Board to increase/decrease authorized staffing. Staffing costs (salary and related benefits) represent 52% of the Village's General Fund and 11% of the Water and Sewer Fund operating costs. Changes in Salary and/or benefits (annual adjustments and merit) - the ability to attract and retain human and intellectual resources requires the Village to strive to position themselves with competitive salary and benefits in the marketplace. In addition, reductions or freezes in salary and changes to benefits can also impact overall expenses. Inflation - while overall inflation appears to be reasonably modest, the Village is a major consumer of certain commodities such as supplies, fuels, and parts, particularly in years of significant construction activity. Some functions may experience unusual commodity-specific increases. Current Year Impacts – Governmental Activities Revenues VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 6 For the fiscal year ended April 30, 2022, revenues (including transfers) from Governmental Activities totaled $58,186,039, an increase of $10,586,974, or 22% from fiscal year 2021. Sales and Use Tax were the Village's largest revenue source at $16,522,692, representing 28.36% of the total Governmental Activity revenue. Charges for Services were the Village's second largest revenue source at $9,936,310, representing 17.05%. The primary Charges for Services revenues include refuse fees ($4,958,060), building permit revenues ($1,846,761), and franchise fees ($605,638). Development activity has picked up pace again in 2022. During the fiscal year, 414 single family building permits were issued for new construction within the Village. During fiscal year 2021, 307 single family building permits were issued and 220 in 2020. The Village’s property tax revenues increased to $8,509,758 in fiscal year 2022 from $7,991,671 in fiscal year 2021. The Equalized Assessed Valuation (EAV) of the Village increased to $1,551,500,615 in calendar year 2020 from $1,465,066,425 in calendar year 2019, representing $86,434,190 or 5.9%. The Village’s state-shared revenues of sales, income, and use tax increased this fiscal year by $3,390,004. Details of the Village’s portion of State-Shared Taxes are as follows: State-Shared Tax Fiscal Year 2021 Fiscal Year 2022 Increase / (Decrease) Sales Tax 6,812,757$ 8,801,385$ 1,988,628$ State Income Tax 4,537,460$ 6,015,389$ 1,477,929$ Use Tax 1,809,248$ 1,732,695$ (76,553)$ Total 13,159,465$ 16,549,469$ 3,390,004$ VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 7 Current Year Impacts – Governmental Activities Expenses For the fiscal year ended April 30, 2022, expenses from Governmental Activities totaled $47,182,390, a decrease of $696,937 over fiscal year 2021. In comparison, expenses from Governmental Activities in fiscal year 2021 increased by $90,198. In fiscal year 2020, expenses increased by $1,588,966. For the fiscal year ended April 30, 2022, Highways and Streets represented 48.02% of expenditures or $22,654,778. Included in this figure is depreciation expense of $12,502,024. Some of the Village’s capital expenditures include $5,203,799 for roadway engineering and improvements, $701,099 for building improvements, $588,049 for machinery and equipment for the Police and Public Works Departments, , and $257,068 for sidewalk and curb installation and replacement. Current Year Impacts – Business Type Activities Revenues The Village’s business-type activities are those that the Village charges a fee to customers to help cover all or most of the cost of the services it provides. The Village’s net position for its business-type activities increased in the amount of $8,888,897 to $123,333,541 (see Table 2 – MD&A page 4). VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 8 Total revenue for the Village’s business-type activities increased by $3,265,225; to $28,984,996 in fiscal year 2022 from $25,719,771 in fiscal year 2021. Charges for Services revenues for fiscal year end 2022 totaled $19,911,315, an increase of $579,149. The increase in this item is related to additional water and sewer sales as well as reinstituting late penalties this fiscal year. Current Year Impacts – Business Type Activities Expenses Expenses from all Business-Type Activities increased by $668,993 or 3.6%. The Village has contracted with Illinois American Water to supply drinking water from the City of Chicago to the Village via Illinois American’s pipeline. Expenses for Lake Michigan water purchase in fiscal year 2022 was $947,046 more as compared to 2021, or 9.5% higher. Depreciation expenses for the water and sewer system remained relatively flat, increasing by $50,341 to $3,573,005 for fiscal year 2022. FINANCIAL ANALYSIS OF THE VILLAGE’S FUNDS Governmental Funds The focus of the Village’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the Village’s financing requirements. In particular, unassigned fund balance may serve as the useful measure of a government’s net resources available for spending at the end of the fiscal year. At April 30, 2022 the Governmental Funds (as presented on page 12) reported a combined fund balance of $47,438,667 which is an increase from the beginning of the year balance of $38,409,299. Of the $9,029,368 overall fund balance increase, the Village’s General Fund increased its fund balance by $395,510, Capital Fund increased its fund balance by $9,214,288. Combined fund balances for the Nonmajor Governmental Funds reflect a net decrease of $580,430. The Capital Projects Fund is used to account for the acquisition or construction of major capital assets (other than those financed by proprietary funds). The Capital Projects Fund expended approximately $7.9 million in capital projects in fiscal year 2022 and increased its fund balance by $9,214,288 resulting in an ending fund balance of $28,320,359. This fund balance will be utilized for future capital projects. The increase in the Capital Fund balance is related to two significant capital projects that were not fully expended as budgeted ($17,550,000 budgeted vs. $3,531,750 expended). Increased revenue streams of $1,938,612 in sales tax, $483,944 in utility tax, and the transfer of $6,002,811 from General Fund to Capital Fund (per the Village’s Financial Policies) also contributed to the Capital Fund balance increase. Of the $47,438,667 total fund balance, $11,228,184 is unassigned within the Village’s General Fund, indicating availability of use for continuing Village services. Non-spendable, restricted or assigned fund balance of $36,210,483 includes $28,320,359 for capital projects, $5,570,751 for street maintenance, $1,803,573 for healthcare, $581,127 for public safety, and smaller statutory restrictions or assignments for audit, economic development, retirement obligations, and prepaid items. VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 9 GENERAL FUND BUDGETARY HIGHLIGHTS The General Fund is the Village’s primary operating fund and the largest source of day-to-day service delivery. General Fund actual revenues were $5,635,794 more than budgeted and expenses were $964,527 less than budgeted. The revenue difference is primarily related to $2,251,385 in additional sales tax revenues, $1,915,389 in additional income tax revenues, and $671,761 more in building permit revenues. Total General Fund revenues increased by $3,252,135 in fiscal year 2022. General Fund expenditures increased by $876,217 from the prior fiscal year. Other financing sources (listed in Table 3 above) include a $6,002,811 transfer to the Capital Fund per the Village’s Financial Policies. In March of 2014, the Village Board revised its Financial Policies to include the ability to transfer unassigned General Fund balance in excess of 40% to the Village’s Capital Fund. Proprietary Funds At April 30, 2022, the Proprietary Funds total net position increased by $8,888,897. This is related to an increase in capital contributions of $1,783,667, an increase in overall charges for services of $579,149, and additional home rule sales tax revenue of $879,339 as compared to fiscal year 2021. In fiscal year 2021, capital grants and contributions consisted of $929,493 in fiscal year 2021. In fiscal year 2020, capital contributions totaled $2,415,839 and $97,847 in fiscal year 2019. The Village’s Water and Sewer Accounts recorded an operating income of $1,277,055 in fiscal year 2022 (page 101). Fiscal year 2021 reported an operating income of $1,393,946. CAPITAL ASSETS The Village’s investment in capital assets for its Governmental and Business-Type Activities as of April 30, 2022, amounts to $313,039,466. The investment in capital assets includes land, buildings, equipment, improvements other than buildings, underground sewer and water systems, infrastructure, and construction in progress. This amount represents a net increase (including additions and deductions) of $1,831,819. The Governmental Activities net capital assets decreased by $2,069,425. The Business-Type Activities net capital assets increased by $3,901,244. Detailed information regarding the change in capital assets is included in Note 4 to the Financial Statements. Original Budget Final Budget Actual Revenues 28,807,988$ 28,807,988$ 34,443,782$ Expenditures 29,034,988$ 29,034,988$ 28,070,461$ Excess of Revenues over Expenditures (227,000)$ (227,000)$ 6,373,321$ Other Financing Sources (Uses)227,000$ 227,000$ (5,977,811)$ Net Changes in Fund Balance -$ -$ 395,510$ Table 3: General Fund Budgetary Highlights 2021 2022 2021 2022 2021 2022 Land and Right of Way 104,668,862$ 105,577,256$ 3,043,544$ 3,043,544$ 107,712,406$ 108,620,800$ Buildings 24,256,865$ 23,946,497$ 10,649,073$ 10,300,111$ 34,905,938$ 34,246,608$ Machinery and Equipment 1,929,749$ 1,849,675$ 1,521,905$ 1,513,491$ 3,451,654$ 3,363,166$ Water & Sewer System -$ -$ 90,411,539$ 90,123,072$ 90,411,539$ 90,123,072$ Infrastructure 64,495,888$ 56,806,875$ -$ -$ 64,495,888$ 56,806,875$ Construction in progress 9,503,097$ 14,604,733$ 727,125$ 5,274,212$ 10,230,222$ 19,878,945$ Total Capital Assets 204,854,461$ 202,785,036$ 106,353,186$ 110,254,430$ 311,207,647$ 313,039,466$ Table 4: Total Capital Assets (Net of Depreciation) Governmental Activities Business-Type Activities Total Primary Government VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 10 DEBT OUTSTANDING As of April 30, 2022, the Village has three general obligation bond series, two Illinois EPA low interest loans, and one revenue bond series outstanding. At April 30, 2022, $9.8 million in general obligation bonds, $5.3 million in Illinois EPA loans, and $11.5 million in revenue bonds are outstanding. By continuing to monitor bond market conditions, the Village has been able to achieve gross debt service savings of over $3.7 million since 2009 through refunding/refinancing existing debt. Maturity dates and par amounts continue to remain the same on these refunding issues. State statutes that limit the amount of general obligation debt a government entity has outstanding does not apply to home rule municipalities. The Village of Plainfield was certified a home rule unit in fiscal year 2006. Debt ratings indicate the confidence of the rating agency in the Village’s continued financial operations and abilities to meet its ongoing obligations. In December of 2013, the Village refunded the Series 2004 bonds for net present value cash flow savings of approximately $754,000. Upon their review of the refunding, S&P upgraded the Village's AA debt rating to AA+. S&P noted very strong budgetary flexibility and performance, strong management with good financial policies and practices as key factors of the upgrade. S & P also noted, "The stable outlook reflects our view of the Village's strong economy and our anticipation that the Village will maintain very strong budgetary flexibility and liquidity." In July of 2015, Moody’s, as part of their annual review process, noticed positive trends in the Village’s finances. Upon completion of their analysis, Moody’s upgraded the Village’s rating from Aa2 to Aa1. In summary, Moody states that the rating, “reflects the Village’s healthy financial operations and ample reserves supported by strong management and long term fiscal planning”. In Moody’s June 2021 annual review, they continue to highlight the Village’s robust financial position, healthy economy and tax base, negligible debt burden and high quality credit position. The following charts depict a comparison of the debt ratings used and issued by Moody’s and Standard and Poor’s (S&P) for both the Village’s General Obligation and Water and Sewer Revenue Bonds: Additional information of the Village’s long-term debt can be found in Note 6 to the Financial Statements. Moody's S&P Aaa AAA Aa1 AA+ Aa2 *AA Aa3 AA- A1 A+ A2 A A3 A- Baa1 BBB+ Baa2 BBB Baa3 BBB- * Water & Sewer revenue bond Comparison of Ratings Used by Moody's and Standard and Poor's (S&P) Village of Plainfield's Debt Rating is Highlighted. The Village holds both General Obligation Bonds and Water & Sewer System Revenue Bonds VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 11 ECONOMIC FACTORS According to the Metropolitan Mayors Caucus, “Plainfield is an upscale southwest suburban community that has reached a key transition point in its history. Formerly a small farming community as late as 1990, it has seen its population skyrocket from about 4,500 in 1990 to 20,673 in 2003 to 44,762 in 2020 as numerous family farms were converted into large housing subdivisions. Thanks to careful planning, the Village’s infrastructure has, to a large degree, been able to keep up with the growth.” Although currently growing at a slower pace, the population of the Village of Plainfield has increased rapidly over the past 20 years bringing an influx of new residents and consumers to the Village. The challenge now before the Village, given the current economic situation, is to be able to position itself to provide a sustainable community that promotes a quality of life that attracts residents, commercial developments and visitors alike. Based on information from the Illinois Department of Employment Security, the 2021 average unemployment for the Village of Plainfield was 4.2%, which favorably compares to Will County’s rate of 5.7%, the State of Illinois rate of 6.1% and the equal to the national average of 5.3%. As of April 2022, the average unemployment for the Village was 2.6%, which still favorably compares to Will County’s rate of 3.7% and the State of Illinois rate of 4.4%. The national average unemployment rate for April 2022 was 3.3%. Information from the US Census Bureau via the 2000 Census and the 2016-2020 American Community Survey lists the following comparable data for the Village of Plainfield, Will County, Illinois and the United States: Plainfield Will County Illinois USA 2000 2016-2020 2000 2016-2020 2000 2016-2020 2000 2016-2020 Median value of owner- occupied housing units $198,300 $322,500 $154,300 $239,400 $130,800 $202,100 $119,600 $229,800 Plainfield Will County Illinois USA 2000 2016-2020 2000 2016-2020 2000 2016-2020 2000 2016-2020 Median household income $80,799 $131,241 $62,238 $90,800 $46,590 $68,428 $41,994 $64,994 Per the data above, the median value of owner-occupied housing units increased an estimated 63% for the Village within approximately the past 20 years. In addition, the median household income increased by 62% during the same timeframe. Data Sources: · 1990 - U.S. Census 4,557 · 2000 - U.S. Census 13,038 · 2003 - Village of Plainfield Special Census 20,673 · 2005 - Village of Plainfield Special Census 30,314 · 2007 - Village of Plainfield Special Census 37,334 · 2010 - U.S. Census 39,581 · 2020 - U.S. Census 44,762 VILLAGE OF PLAINFIELD, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued) ______________________________________________________________________________ (See independent auditor's report) MD&A 12 Consistent with past budgets, the Village’s 2023 fiscal year budget was developed in a prudent and conservative manner. Continued cost containments across all departments enabled the Village to approve a balanced 2023 budget, with the main principle of providing quality services in an efficient and cost-effective manner, while keeping the Village’s charges for services manageable for its residents and continuing to work towards diversifying its tax base and revenue sources. The budget for fiscal year beginning May 1, 2022 totals $79,628,683, a 4.8% decrease (or $3,972,532) from the previous year. Of this decrease, $8,147,000 is directly related to a reduction in budgeted capital project expenses. The General Fund operating budget totals $31,230,070 resulting in a 6.3% increase over the previous year. The 2023 operating budget anticipates a stable housing market and continues to be conservative in revenue projections, reflecting a slight increase in sales tax given recent additional retailers opening within the Village during 2021 - 2022. The 2023 Capital Fund budget includes over $17 million in projects, including $9 million for roadway improvements and maintenance programs. The Village’s Motor Fuel Tax Fund includes an additional $2.5 million for the Village’s roadway maintenance program. State revenues combined (sales, income and use tax) continue to represent the largest portion of the General Fund revenues at 48%. Sales tax revenue increased by 29% (or $1,988,628) in fiscal year 2022 as compared to fiscal year 2021. Sales tax for the 2023 fiscal year budget reflects a 1.6% decrease as compared to the fiscal year 2022 actual amount. Property tax revenues represent approximately 21% of the overall General Fund revenues. Consistent with Village Board direction, the Village’s tax levy rate has remained unchanged for the past nine years. For the 2021 levy year, the Village of Plainfield’s property tax rate represents 5.67% of a resident’s overall tax bill. Or, for every dollar paid in property taxes by Village residents, 5.67 cents is paid to the Village of Plainfield. The Village's composition is approximately 88% residential with smaller commercial and industrial components. As economic development growth and sustainability is a key component of the Village’s Strategic Plan, the Village will continue to explore economic development opportunities to better assist in diversifying the Village’s tax base. CONTACTING THE VILLAGE'S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, customers, investors, and creditors with a general overview of the Village's finances and to demonstrate the Village's accountability for the money it receives. Questions concerning this report or requests for additional financial information should be directed to Traci Pleckham, Assistant Village Administrator/Management Services Director, Village of Plainfield, 24401 West Lockport Street, Plainfield, Illinois 60544. BASIC FINANCIAL STATEMENTS Governmental Business-Type Activities Activities Total ASSETS Cash and investments 40,766,508$ 30,226,338$ 70,992,846$ Receivables (net, where applicable, of allowances for uncollectibles) Property taxes 9,155,805 - 9,155,805 Sales tax 3,964,213 722,321 4,686,534 Utility/telecommunications taxes 326,714 - 326,714 Allotments 132,819 - 132,819 Grants 3,971,073 - 3,971,073 Interest 22,012 3,343 25,355 Other 6,459,096 2,454,073 8,913,169 Prepaid expenses 12,797 - 12,797 Deposits 1,802,739 320,858 2,123,597 Other - 2,826,405 2,826,405 Net pension asset 1,813,111 377,927 2,191,038 Capital assets Nondepreciable 120,181,989 8,317,756 128,499,745 Depreciable, net of accumulated depreciation 82,603,047 101,936,674 184,539,721 Total assets 271,211,923 147,185,695 418,397,618 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows of resources - IMRF 769,395 158,903 928,298 Deferred outflows of resources - OPEB 791,295 68,817 860,112 Deferred outflows of resources - Police Pension 4,760,706 - 4,760,706 Asset retirement obligation - 332,031 332,031 Unamortized loss on refundings 516,397 1,647,738 2,164,135 Total deferred outflows of resources 6,837,793 2,207,489 9,045,282 Total assets and deferred outflows of resources 278,049,716 149,393,184 427,442,900 Primary Government VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF NET POSITION April 30, 2022 (This statement is continued on the following page.) - 5 - Governmental Business-Type Activities Activities Total LIABILITIES Accounts payable 9,083,252$ 3,940,698$ 13,023,950$ Accrued payroll 254,591 22,143 276,734 Deposits payable 136,271 26,347 162,618 Accrued interest payable 79,614 233,246 312,860 Other accrued liabilities 66,557 - 66,557 Unearned revenue 478,633 3,014,819 3,493,452 Noncurrent liabilities Due within one year 3,859,607 1,028,405 4,888,012 Due in more than one year 21,835,026 17,081,065 38,916,091 Total liabilities 35,793,551 25,346,723 61,140,274 DEFERRED INFLOWS OF RESOURCES Deferred inflows of resources - IMRF 3,150,321 644,799 3,795,120 Deferred inflows of resources - OPEB 783,281 68,121 851,402 Deferred inflows of resources - Police Pension 2,860,257 - 2,860,257 Deferred property tax 9,155,805 - 9,155,805 Total deferred inflows of resources 15,949,664 712,920 16,662,584 Total liabilities and deferred inflows of resources 51,743,215 26,059,643 77,802,858 NET POSITION Net investment in capital assets 193,321,923 94,367,397 287,689,320 Restricted for Street maintenance 5,570,751 - 5,570,751 Public safety 581,127 - 581,127 Debt service - 1,726,925 1,726,925 Audit 7,582 - 7,582 Retirement obligations 76,571 - 76,571 Economic development 71,401 - 71,401 Unrestricted 26,677,146 27,239,219 53,916,365 TOTAL NET POSITION 226,306,501$ 123,333,541$ 349,640,042$ April 30, 2022 Primary Government VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF NET POSITION (Continued) See accompanying notes to financial statements. - 6 - Operating Capital Charges Grants and Grants and FUNCTIONS/PROGRAMS Expenses for Services Contributions Contributions PRIMARY GOVERNMENT Governmental Activities General government 9,185,102$ 8,020,047$ 21,227$ -$ Public safety 14,916,089 1,647,405 206,320 - Highways and streets 22,654,778 268,858 1,742,475 9,133,011 Interest 426,421 - - - Total governmental activities 47,182,390 9,936,310 1,970,022 9,133,011 Business-Type Activities Water and sewer 19,160,351 19,911,315 - 2,713,160 Total business-type activities 19,160,351 19,911,315 - 2,713,160 TOTAL PRIMARY GOVERNMENT 66,342,741$ 29,847,625$ 1,970,022$ 11,846,171$ Program Revenues VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF ACTIVITIES For the Year Ended April 30, 2022 - 7 - Governmental Business-Type Activities Activities Total (1,143,828)$ -$ (1,143,828)$ (13,062,364) - (13,062,364) (11,510,434) - (11,510,434) (426,421) - (426,421) (26,143,047) - (26,143,047) - 3,464,124 3,464,124 - 3,464,124 3,464,124 (26,143,047) 3,464,124 (22,678,923) General Revenues Taxes Property 8,509,758 - 8,509,758 Home rule sales 5,988,612 2,993,857 8,982,469 Utility/telecommunications 3,183,944 - 3,183,944 Local motor fuel 1,886,998 - 1,886,998 Other 7,707 - 7,707 Intergovernmental revenue - unrestricted Personal property replacement tax 139,552 - 139,552 Sales and use tax 10,534,080 - 10,534,080 Income tax 6,015,389 - 6,015,389 Investment income (80,661) (183,835) (264,496) Miscellaneous 25,569 3,550,499 3,576,068 Transfers 935,748 (935,748) - Total 37,146,696 5,424,773 42,571,469 CHANGE IN NET POSITION 11,003,649 8,888,897 19,892,546 NET POSITION, MAY 1 215,302,852 114,444,644 329,747,496 NET POSITION, APRIL 30 226,306,501$ 123,333,541$ 349,640,042$ Primary Government Net (Expense) Revenue and Change in Net Position See accompanying notes to financial statements. - 8 - Nonmajor Total Capital Governmental Governmental General Projects Funds Funds ASSETS Cash and investments 10,398,513$ 24,439,307$ 5,928,688$ 40,766,508$ Receivables (net, where applicable, of allowances for uncollectibles) Property taxes 7,045,505 - 2,110,300 9,155,805 Sales tax 2,519,354 1,444,859 - 3,964,213 Utility tax - 326,714 - 326,714 Allotments - - 132,819 132,819 Grants 23,852 3,947,221 - 3,971,073 Interest 22,012 - - 22,012 Other 6,369,727 88,203 1,166 6,459,096 Prepaid items 12,797 - - 12,797 Deposits 1,802,739 - - 1,802,739 Total assets 28,194,499 30,246,304 8,172,973 66,613,776 DEFERRED OUTFLOWS OF RESOURCES None - - - - TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES 28,194,499$ 30,246,304$ 8,172,973$ 66,613,776$ OUTFLOWS OF RESOURCES ASSETS AND DEFERRED VILLAGE OF PLAINFIELD, ILLINOIS BALANCE SHEET GOVERNMENTAL FUNDS April 30, 2022 (This statement is continued on the following page.) - 9 - Nonmajor Total Capital Governmental Governmental General Projects Funds Funds LIABILITIES Accounts payable 6,970,967$ 1,499,985$ 612,300$ 9,083,252$ Accrued payroll 254,591 - - 254,591 Impact fee 51,285 - - 51,285 Recapture fee - 15,272 - 15,272 Unearned revenue 67,945 410,688 - 478,633 Developer deposit 136,271 - - 136,271 Total liabilities 7,481,059 1,925,945 612,300 10,019,304 DEFERRED INFLOWS OF RESOURCES Unavailable property tax revenue 7,045,505 - 2,110,300 9,155,805 Total deferred inflows of resources 7,045,505 - 2,110,300 9,155,805 Total liabilities and deferred inflows of resources 14,526,564 1,925,945 2,722,600 19,175,109 FUND BALANCES Nonspendable Prepaid items 12,797 - - 12,797 Restricted Street maintenance - - 5,570,751 5,570,751 Public safety 546,810 - 34,317 581,127 Audit - - 7,582 7,582 Retirement obligations 76,571 - - 76,571 Economic development - - 71,401 71,401 Unrestricted Assigned Capital projects - 28,320,359 - 28,320,359 Insurance 1,803,573 - - 1,803,573 Unassigned (deficit)11,228,184 - (233,678) 10,994,506 Total fund balances 13,667,935 28,320,359 5,450,373 47,438,667 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES 28,194,499$ 30,246,304$ 8,172,973$ 66,613,776$ VILLAGE OF PLAINFIELD, ILLINOIS BALANCE SHEET (Continued) GOVERNMENTAL FUNDS April 30, 2022 OF RESOURCES, AND FUND BALANCES LIABILITIES, DEFERRED INFLOWS See accompanying notes to financial statements. - 10 - FUND BALANCES OF GOVERNMENTAL FUNDS 47,438,667$ Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds 202,785,036 Bond premiums/discounts on bonds are expensed in governmental funds but capitalized and amortized in the statement of net position Unamortized bond premium (189,510) Unamortized loss on refunding 516,397 Interest payable is not due and payable in the current period and, therefore, is not reported in the governmental funds (79,614) Differences between expected and actual experiences, assumption changes, net differences between projected and actual earnings, and contributions subsequent to the measurement date for the Illinois Municipal Retirement Fund are recognized as deferred outflows of resources and deferred inflows of resources on the statement of net position Deferred outflows of resources 769,395 Deferred inflows of resources (3,150,321) Differences between expected and actual experiences, assumption changes, and net differences between projected and actual earnings for the Police Pension Plan are recognized as deferred outflows of resources and deferred inflows of resources on the statement of net position Deferred outflows of resources 4,760,706 Deferred inflows of resources (2,860,257) Differences between expected and actual experiences, assumption changes, and net differences between projected and actual earnings for the OPEB Plan are recognized as deferred outflows of resources and deferred inflows of resources on the statement of net position Deferred outflows of resources 791,295 Deferred inflows of resources (783,281) Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the governmental funds General obligation bonds (9,790,000) Net pension asset - IMRF 1,813,111 Net pension liability - Police Pension (12,987,495) Net pension liability - OPEB (1,440,599) Compensated absences payable (1,287,029) NET POSITION OF GOVERNMENTAL ACTIVITIES 226,306,501$ April 30, 2022 VILLAGE OF PLAINFIELD, ILLINOIS RECONCILIATION OF FUND BALANCES OF GOVERNMENTAL FUNDS TO THE GOVERNMENTAL ACTIVITIES IN THE STATEMENT OF NET POSITION See accompanying notes to financial statements. - 11 - VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS For the Year Ended April 30, 2022 Nonmajor Total Capital Governmental Governmental General Projects Funds Funds REVENUES Taxes 8,506,652$ 5,988,612$ 1,268,873$ 15,764,137$ Licenses and permits 2,129,563 - - 2,129,563 Intergovernmental 16,770,282 6,244,302 2,611,990 25,626,574 Charges for services 6,331,155 268,858 - 6,600,013 Fines and forfeits 564,114 428,017 19,872 1,012,003 Investment income (91,661) 6,422 4,578 (80,661) Miscellaneous 233,677 157,599 11,712 402,988 Total revenues 34,443,782 13,093,810 3,917,025 51,454,617 EXPENDITURES Current General government 6,060,875 - 2,346,878 8,407,753 Public safety 13,199,285 - 381,422 13,580,707 Highways and streets 8,810,301 - 1,744,038 10,554,339 Capital outlay - 7,892,811 - 7,892,811 Debt service Principal retirement - - 2,670,000 2,670,000 Interest and fiscal charges - - 354,750 354,750 Total expenditures 28,070,461 7,892,811 7,497,088 43,460,360 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 6,373,321 5,200,999 (3,580,063) 7,994,257 OTHER FINANCING SOURCES (USES) Transfers in 25,000 6,002,811 2,994,633 9,022,444 Transfers (out)(6,002,811) (2,058,885) (25,000) (8,086,696) Sale of capital assets - 69,363 - 69,363 Refunding bonds issued - - 2,385,000 2,385,000 Payment to escrow agent - - (2,355,000) (2,355,000) Total other financing sources (uses)(5,977,811) 4,013,289 2,999,633 1,035,111 NET CHANGE IN FUND BALANCES 395,510 9,214,288 (580,430) 9,029,368 FUND BALANCES, MAY 1 13,272,425 19,106,071 6,030,803 38,409,299 FUND BALANCES, APRIL 30 13,667,935$ 28,320,359$ 5,450,373$ 47,438,667$ See accompanying notes to financial statements. - 12 - NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 9,029,368$ Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlay as expenditures; however, they are capitalized and depreciated in the statement of activities 6,599,375 Contributions of capital assets are reported only in the statement of activities 5,795,674 Sales of capital assets are reported as a proceed in governmental funds but as a gain (loss) from sale on the statement of activities (1,057,526) The repayment of the principal portion long-term debt is reported as an expenditure when due in governmental funds but as a reduction of principal outstanding in the statement of activities Principal on bonds 2,670,000 Payment to escrow agent 2,355,000 The issuance of bonds is reported as an other financing source in governmental funds but as an increase of principal outstanding on the statement of activities Refunding bonds issued, at par (2,385,000) Governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities (116,248) The change in the Illinois Municipal Retirement Fund net pension liability and deferred outflows/inflows of resources is not a source or use of a financial resource 1,162,335 The change in the Police Pension Plan net pension liability and deferred outflows/inflows of resources is not a source or use of a financial resource 171,202 The change in the OPEB net pension liability and deferred outflows/inflows of resources is not a source or use of a financial resource 98,085 Some expenses in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds Depreciation (13,406,948) Change in compensated absences 43,755 Change in accrued interest payable 44,577 CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES 11,003,649$ For the Year Ended April 30, 2022 VILLAGE OF PLAINFIELD, ILLINOIS RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, GOVERNMENTAL ACTIVITIES IN THE STATEMENT OF ACTIVITIES EXPENDITURES, AND CHANGES IN FUND BALANCES TO THE See accompanying notes to financial statements. - 13 - VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF NET POSITION PROPRIETARY FUND April 30, 2022 Water and Sewer CURRENT ASSETS Cash and investments 30,226,338$ Receivables Accounts 2,454,073 Sales tax 722,321 Other 2,826,405 Interest 3,343 Total current assets 36,232,480 NONCURRENT ASSETS Capital assets Nondepreciable 8,317,756 Depreciable, net of accumulated depreciation 101,936,674 Total capital assets 110,254,430 Other assets Deposits 320,858 Net pension asset - IMRF 377,927 Total other assets 698,785 Total noncurrent assets 110,953,215 Total assets 147,185,695 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows of resources - IMRF 158,903 Deferred outflows of resources - OPEB 68,817 Asset retirement obligation 332,031 Unamortized loss on refundings 1,647,738 Total deferred outflows of resources 2,207,489 Total assets and deferred outflows of resources 149,393,184 (This statement is continued on the following page.) - 14 - VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF NET POSITION (Continued) PROPRIETARY FUND April 30, 2022 Water and Sewer CURRENT LIABILITIES Accounts payable 3,940,698$ Accrued payroll 22,143 Accrued interest 233,246 Unearned revenues 3,014,819 Compensated absences payable 64,179 Total OPEB liability 7,420 Illinois EPA loan 256,806 Bonds payable 700,000 Developer deposit 26,347 Total current liabilities 8,265,658 LONG-TERM LIABILITIES Compensated absences payable 10,235 Total OPEB liability 117,865 Illinois EPA loan 5,019,914 Asset retirement obligation 375,000 Bonds payable 11,558,051 Total long-term liabilities 17,081,065 Total liabilities 25,346,723 DEFERRED INFLOWS OF RESOURCES Deferred inflows of resources - IMRF 644,799 Deferred inflows of resources - OPEB 68,121 Total deferred inflows of resources 712,920 Total liabilities and deferred inflows of resources 26,059,643 NET POSITION Net investment in capital assets 94,367,397 Restricted for debt service 1,726,925 Unrestricted 27,239,219 TOTAL NET POSITION 123,333,541$ See accompanying notes to financial statements. - 15 - VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION PROPRIETARY FUND For the Year Ended April 30, 2022 Water and Sewer OPERATING REVENUES Charges for services 19,911,315$ Total operating revenues 19,911,315 OPERATING EXPENSES Water operations 12,784,597 Sewer operations 2,276,658 Depreciation 3,573,005 Total operating expenses 18,634,260 OPERATING INCOME 1,277,055 NON-OPERATING REVENUES (EXPENSES) Home rule sales tax 2,993,857 Miscellaneous revenue 246,383 Connection fees 3,304,116 Investment income (183,835) Interest expense (526,091) Total non-operating revenues (expenses)5,834,430 INCOME BEFORE TRANSFERS AND CAPITAL CONTRIBUTIONS 7,111,485 TRANSFERS (OUT)(935,748) CAPITAL CONTRIBUTIONS 2,713,160 CHANGE IN NET POSITION 8,888,897 NET POSITION, MAY 1 114,444,644 NET POSITION, APRIL 30 123,333,541$ See accompanying notes to financial statements. - 16 - Water and Sewer CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers and users 23,722,075$ Reimbursements to other funds (350,000) Payments to suppliers (13,945,939) Payments to employees (1,682,215) Net cash from operating activities 7,743,921 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers (out) (935,748) Home rule sales tax 2,897,330 Intergovernmental - grants 3,014,819 Net cash from noncapital financing activities 4,976,401 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets (3,412,778) Principal payments on long-term debt (665,000) Proceeds on long-term debt 605,944 Interest paid (486,592) Net cash from capital and related financing activities (3,958,426) CASH FLOWS FROM INVESTING ACTIVITIES Sale (purchase) of investments 227,649 Interest received 33,043 Net cash from investing activities 260,692 NET INCREASE IN CASH AND CASH EQUIVALENTS 9,022,588 CASH AND CASH EQUIVALENTS, MAY 1 15,957,706 CASH AND CASH EQUIVALENTS, APRIL 30 24,980,294$ VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF CASH FLOWS PROPRIETARY FUND For the Year Ended April 30, 2022 (This statement is continued on the following page.) - 17 - VILLAGE OF PLAINFIELD, ILLINOIS STATEMENT OF CASH FLOWS (Continued) PROPRIETARY FUND For the Year Ended April 30, 2022 Water and Sewer RECONCILIATION OF OPERATING INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Operating income 1,277,055$ Miscellaneous income 3,550,499 Adjustments to reconcile operating income to net cash from operating activities Depreciation and amortization 3,573,005 Changes in assets and liabilities Accounts receivable 260,261 Deposits (15,575) Pension items - IMRF (238,071) Pension items - OPEB 81,005 Accounts payable (754,319) Asset retirement obligation 14,323 Accrued expenses (4,262) NET CASH FROM OPERATING ACTIVITIES 7,743,921$ CASH AND INVESTMENTS Cash and cash equivalents 24,980,294$ Investments 5,246,044 TOTAL CASH AND INVESTMENTS 30,226,338$ NONCASH TRANSACTIONS Capital contributions 2,713,160$ Capital assets purchased in accounts payable 1,348,311 Unrealized gains/losses (196,684) IEPA loan receivable and payable 2,826,404 TOTAL NONCASH TRANSACTIONS 6,691,191$ See accompanying notes to financial statements. - 18 - STATEMENT OF FIDUCIARY NET POSITION FIDUCIARY FUNDS April 30, 2022 Police Pension ASSETS Cash and short-term investments 134,525$ Investments U.S. Government and U.S. agency obligations 15,142,361 Corporate bonds 137,094 Municipal bonds 3,407,753 Negotiable certificates of deposit 1,461,660 Mutual funds 24,141,720 Receivables Other receivables 112,667 Total assets 44,537,780 LIABILITIES Accounts payable 6,360 Total liabilities 6,360 NET POSITION RESTRICTED FOR PENSIONS 44,531,420$ VILLAGE OF PLAINFIELD, ILLINOIS See accompanying notes to financial statements. - 19 - STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FIDUCIARY FUNDS ADDITIONS Contributions Employer 1,697,262$ Employee 1,090,656 Total contributions 2,787,918 Investment income Net depreciation in fair value of investments (5,487,752) Interest and dividends 1,945,058 Total investment income (3,542,694) Less investment expense (152,481) Net investment income (3,695,175) Total additions (907,257) DEDUCTIONS Benefits and refunds 936,000 Administration 54,569 Total deductions 990,569 NET DECREASE (1,897,826) NET POSITION RESTRICTED FOR PENSIONS May 1 46,429,246 April 30 $ 44,531,420 VILLAGE OF PLAINFIELD, ILLINOIS For the Year Ended April 30, 2022 See accompanying notes to financial statements. - 20 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS April 30, 2022 - 20 - 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the Village of Plainfield, Illinois (the Village) have been prepared in conformity with accounting principles generally accepted in the United States of America (hereinafter referred to as generally accepted accounting principles (GAAP)), as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the Village’s accounting policies are described below. a. Reporting Entity The Village was incorporated June 1, 1877. The Village operates under a President-Board of Trustees form of government and provides the following services as authorized by its charter: public safety (police), highways and streets, water distribution, wastewater treatment, public improvements, planning and zoning, and general administrative services. As required by GAAP, these financial statements present the Village (the primary government). In evaluating how to define the reporting entity, management has considered all potential component units. The decision to include a potential component unit in the reporting entity was based upon the significance of its operational or financial relationship with the primary government. The Village’s financial statements include the Police Pension System (the PPS) as a fiduciary component unit reported as a Pension Trust Fund. The Village’s sworn police employees participate in the PPS. The PPS functions for the benefit of those employees and is governed by a five-member pension board. Two members appointed by the Mayor, the Village Treasurer and two elected police officers constitute the pension board. The Village and the PPS participants are obligated to fund all the PPS costs based upon actuarial valuations, including administrative costs. The State of Illinois is authorized to establish benefit levels and the Village is authorized to approve the actuarial assumptions used in the determination of the contribution levels. Accordingly, the PPS is fiscally dependent on the Village. Separate financial statements are not available for the PPS. b. Fund Accounting The Village uses funds to report on its financial position and the changes in financial position. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain Village functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts. Funds are classified into the following categories: governmental, proprietary, and fiduciary. - 21 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 21 - 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) b. Fund Accounting (Continued) Governmental funds are used to account for all or most of the Village’s general activities, including the collection and disbursement of restricted or committed monies (special revenue funds), the funds restricted, committed, or assigned for the acquisition or construction of major capital assets (capital projects funds), and the funds restricted, committed, or assigned for the servicing of general long-term debt (debt service funds). The General Fund is used to account for all activities of the general government not accounted for in some other fund. Proprietary funds are used to account for activities similar to those found in the private sector, where the determination of net income is necessary or useful to sound financial administration. Fiduciary funds are used to account for assets held on behalf of outside parties, including other governments. The Village utilizes a pension trust fund, which is used to account for assets that the Village holds in a fiduciary capacity. c. Government-Wide and Fund Financial Statements The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the Village. The effect of material interfund activity has been eliminated from these statements, except for interfund services provided and used between functions. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses of a given function, segment, or program are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include (1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and (2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. - 22 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 22 - 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) c. Government-Wide and Fund Financial Statements (Continued) The Village reports the following major governmental funds: The General Fund is the general operating fund of the Village. It is used to account for all financial resources not accounted for in another fund. The Capital Projects Fund is used to account for financial resources to be used for the acquisition or construction of major capital assets (other than those financed by proprietary funds). The Village reports the following major proprietary fund: The Water and Sewer Fund is used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. The Village reports a pension trust fund as a fiduciary component unit to account for the Police Pension Fund. d. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting as are the proprietary fund and fiduciary fund financial statements. Revenues and additions are recorded when earned and expenses and deductions are recorded when a liability is incurred. Property taxes are recognized as revenues in the year for which they are levied (i.e., intended to finance). Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Operating revenues and expenses are directly attributable to the operation of the proprietary funds. Non-operating revenue/expenses are incidental to the operations of these funds. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available). “Measurable” means the amount of the transaction can be determined and “available” means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period, generally 60 days except for certain revenues collected by the State (e.g., sales and telecom taxes) which use a 90-day period. - 23 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 23 - 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) d. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued) The Village recognizes property taxes when they become both measurable and available in the year in which they are intended to finance. Expenditures are recorded when the related fund liability is incurred. Principal and interest on general long-term debt are recorded as expenditures when due. Those revenues susceptible to accrual are property taxes, franchise fees, licenses, interest revenue, and charges for services. Personal property replacement taxes owed to the State at year end on behalf of the Village also are recognized as revenue. Fines and permits revenues are not susceptible to accrual because generally they are not measurable until received in cash. In applying the susceptible to accrual concept to intergovernmental revenues, the legal and contractual requirements of the numerous individual programs are used as guidelines. Monies that are virtually unrestricted as to purpose of expenditure, which are usually revocable only for failure to comply with prescribed compliance requirements, are reflected as revenues at the time of receipt or earlier if the susceptible to accrual criteria is met. The Village reports unavailable/deferred revenue and unearned revenue on its financial statements. Unavailable/deferred revenues arise when a potential revenue does not meet the measurable and available or year intended to finance criteria for recognition in the current period. Unearned revenues arise when resources are received by the Village before it has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the Village has a legal claim to the resources, the deferred inflow for unavailable/deferred revenue or the liability for unearned revenue is removed from the financial statements and revenue is recognized. e. Cash and Investments Cash and Cash Equivalents For purposes of the statement of cash flows, the Village’s proprietary funds consider their equity in pooled cash and all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. - 24 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 24 - 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) e. Cash and Investments (Continued) Investments Investments with a maturity of less than one year when purchased, non-negotiable certificates of deposit, and money market mutual funds are stated at cost or amortized cost. Investments with a maturity greater than one year when purchased and all investments of the pension trust fund are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Village categorizes the fair value measurements within the fair value hierarchy established by GAAP. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs. f. Interfund Receivables/Payables During the course of operations, numerous transactions occur between individual funds for goods provided or services rendered. These receivables and payables are classified as “due to/from other funds” on the financial statements. Long-term interfund loans are classified as “advances to/from other funds.” g. Prepaid Items/Expenses Payments made to vendors for services that will benefit periods beyond the date of this report are recorded as prepaid items/expenses on the consumption method. h. Capital Assets Capital assets, which include property, plant, equipment, infrastructure assets (e.g., roads, bridges, stormwater systems), and intangibles (easements and software), are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Capital assets are defined by the Village as assets with an initial, individual cost of $5,000 for machinery and equipment, $20,000 for building and improvements, and $50,000 for infrastructure and an estimated useful life in excess of one year. All land and land improvements are capitalized, regardless of cost. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. - 25 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 25 - 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) h. Capital Assets (Continued) The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Property, plant, and equipment is depreciated using the straight-line method over the following estimated useful lives: Assets Years Building and improvements 5-50 Vehicles, equipment, and software 3-20 Infrastructure 15-50 i. Compensated Absences Vested or accumulated vacation leave that is due to employees who have retired or been terminated by the end of the year is reported as an expenditure and a fund liability of the governmental fund that will pay it. Vested or accumulated vacation leave of proprietary funds and governmental activities is recorded as an expense and liability of those funds as the benefits accrue to employees. j. Fund Balance/Net Position In the fund financial statements, governmental funds report nonspendable fund balance for amounts that are either not in spendable form or legally or contractually required to be maintained intact. Restrictions of fund balance are reported for amounts constrained by legal restrictions from outside parties for use for a specific purpose, or externally imposed by outside entities. Committed fund balance is constrained by formal actions of the Village Board of Trustees, which is considered the Village’s highest level of decision-making authority. Formal actions include resolutions and ordinances (equally binding) approved by the Board of Trustees. Assigned fund balance represents amounts constrained by the Village’s intent to use them for a specific purpose. In accordance with the Village’s financial policies, the authority to assign fund balance has been delegated to the Village’s Director of Management Services, consistent with the intentions of the Village Board of Trustees. Any residual fund balance of the General Fund and any deficit balances in other governmental funds are reported as unassigned. - 26 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 26 - 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) j. Fund Balance/Net Position (Continued) The Village has adopted targeted fund balances for two of its funds. The General Fund has a targeted unassigned fund balance of at least 25% of the total General Fund annual expenditures. General Fund unassigned fund balance in excess of 40% may be transferred to the Capital Improvement Fund. The Water and Sewer Fund has a targeted unrestricted net position of 25% of the total Water and Sewer Fund annual expenses. If the balances exceed 40%, the overage may be used to offset rate increases or be transferred to the Village’s Capital Projects Fund, or a combination thereof. The Village’s flow of funds assumption prescribes that the funds with the highest level of constraint are expended first. If restricted or unrestricted funds are available for spending, the restricted funds are spent first. Additionally, if different levels of unrestricted funds are available for spending, the Village considers committed funds to be expended first followed by assigned and then unassigned funds. In the government-wide financial statements, restricted net position is legally restricted by outside parties for a specific purpose. Net investment in capital assets represents the Village’s investment in the book value of capital assets, less any outstanding debt that was issued to construct or acquire the capital asset. k. Long-Term Obligations In the government-wide financial statements and proprietary funds in the fund financial statements, long-term debt, and other long-term obligations are reported as liabilities in the applicable governmental activities, or business-type activities columns, or proprietary fund financial statements. Bond premiums and discounts, as well as gains and losses on refundings, are deferred and amortized over the life of the bonds. Bonds payable are reported net of the applicable bond premiums or discounts. Bond issuance costs are expensed as incurred. In the fund financial statements, governmental funds recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as an other financing source. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Bond issuance costs, whether or not withheld from the actual debt proceeds received, are reported as expenditures. - 27 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 27 - 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) l. Interfund Transactions Interfund service transactions are accounted for as revenues, expenditures, or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. All other interfund transactions, except interfund service transactions and reimbursements, are reported as transfers. m. Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. n. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates. o. Postponement of Implementation of Certain Authoritative Guidance In accordance with the provisions of GASB Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance, the Village has delayed the implementation of GASB Statement No. 87, Leases, to April 30, 2023. 2. DEPOSITS AND INVESTMENTS The Village maintains a cash and investment pool that is available for use by all funds, except the pension trust fund. Each fund type’s portion of this pool is displayed as “cash and investments.” In addition, deposits and investments are separately held by several of the Village’s funds. - 28 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 28 - 2. DEPOSITS AND INVESTMENTS (Continued) Permitted Deposits and Investments - the Village’s investment policy authorizes the Village to make deposits/invest in insured commercial banks, savings and loan institutions, obligations of the U.S. Treasury and U.S. agencies, insured credit union shares, money market mutual funds with portfolios of securities issued or guaranteed by the United States Government or agreements to repurchase these same obligations, repurchase agreements, short-term commercial paper rated within the three highest classifications by at least two standard rating services, obligations of the state and local governments, and The Illinois Funds (a money market fund created by the State of Illinois under the State Treasurer that maintains a $1 per share value). The Illinois Public Treasurers’ Investment Pool, known as The Illinois Funds, operates as a qualified external investment pool in accordance with the criteria established in GASB Statement No. 79, Certain External Investment Pools and Pool Participants, and thus, reports all investments at amortized cost rather than market value. The investment in The Illinois Funds by participants is also reported at amortized cost. The Illinois Funds does not have any limitations or restrictions on participant withdrawals. The Illinois Treasurer’s Office issues a separate financial report for The Illinois Funds which may be obtained by contacting the Administrative Office at Illinois Business Center, 400 West Monroe Street, Suite 401, Springfield, Illinois 62704. The Illinois Metropolitan Investment Fund (IMET) is a local government investment pool. Created in 1996 as a not-for-profit trust formed under the Intergovernmental Cooperation Act and the Illinois Municipal Code. IMET was formed to provide Illinois government agencies with safe, liquid, attractive alternatives for investing and is managed by a Board of Trustees elected from the participating members. IMET offers participants two separate vehicles to meet their investment needs. The IMET Core Fund is designed for public funds that may be invested for longer than one year. The Core Fund carries the highest rating available (AAA) from Moody’s for such funds. Member withdrawals can be made from the core fund with a five day notice. The IMET Convenience Fund (CVF) is designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceeds. It is comprised of collateralized and FHLB LoC backed bank deposits, FDIC insured certificates of deposit and U.S. Government securities. Member withdrawals are generally on the same day as requested. Investments in IMET are valued at IMET’s share price, which is the price the investment could be sold. a. Village Deposits and Investments It is the policy of the Village to invest its funds in a manner which will provide the highest investment return with the maximum security while meeting the daily cash flow demands of the Village and conforming to all state and local statutes governing the investment of public funds, using the “prudent person” standard for managing the overall portfolio. The primary objectives of the policy are, in order of priority, safety, liquidity, and yield. - 29 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 29 - 2. DEPOSITS AND INVESTMENTS (Continued) a. Village Deposits and Investments (Continued) Deposits with Financial Institutions Custodial credit risk for deposits with financial institutions is the risk that in the event of bank failure, the Village’s deposits may not be returned to it. The Village’s investment policy requires bank balances to be secured by some form of collateral, witnessed by a written agreement, and held at an independent third-party institution in the name of the municipality. Investments The following table presents the investments and maturities of the Village’s securities that are subject to interest rate risk as of April 30, 2022: Investment Maturities (in Years) Investment Type Fair Value Less than 1 1-5 6-10 Greater than 10 IMET Core Fund $ 5,608,282 $ - $ 5,608,282 $ - $ - U.S. Treasury obligations 411,702 - 411,702 - - Negotiable certificates of deposit 1,985,971 1,152,992 832,979 - - Municipal bonds 1,968,466 948,238 1,020,228 - - TOTAL $ 9,974,421 $ 2,101,230 $ 7,873,191 $ - $ - Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. In accordance with its investment policy, the Village limits its exposure to interest rate risk by matching its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the Village does not directly invest in securities maturing more than two years from the date of purchase. Reserved funds and other funds with longer term investment horizons may be invested in securities exceeding two years if the maturities of such investments are made to coincide as nearly as practicable with the expected use of the funds. Credit risk is the risk that the issuer of a debt security will not pay its par value upon maturity. The Village limits its exposure to credit risk by limiting investments to the types of securities listed above and diversifying the investment portfolio to the best of its abilities based on the type of funds invested and the cash flow needs of those funds. The Illinois Funds, IPRIME, and IMET are rated AAA. The Village’s negotiable certificates of deposits are not rated. The municipal bonds are rated Aa2 or not rated. - 30 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 30 - 2. DEPOSITS AND INVESTMENTS (Continued) a. Village Deposits and Investments (Continued) Investments (Continued) Custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to the investment, the Village will not be able to recover the value of its investments that are in possession of an outside party. To limit its exposure, the Village’s investment policy requires all security transactions that are exposed to custodial credit risk to be processed on a delivery versus payment (DVP) basis with the underlying investments held by an independent third party custodian and evidenced by safekeeping receipts and a written custodial agreement. The Illinois Funds, IPRIME, and IMET are not subject to custodial credit risk. Concentration of credit risk is the risk that the Village has a high percentage of its investments invested in one type of investment. The Village’s investment policy requires diversification of investments to avoid unreasonable risk. The investments shall be diversified by type of investment, number of institutions invested in, and length of maturity. In addition, a portion of the Village’s portfolio should continuously be invested in readily available funds such as Local Government Investment Pools (LGIPS), money market funds, or overnight repurchase agreements to ensure that appropriate liquidity is maintained to meet ongoing obligations. The Village has the following recurring fair value measurements as of April 30, 2022: The U.S. Treasury obligations are valued using electronic fixed income trade platform feeds and broker feeds (Level 2). The negotiable certificates of deposit and municipal bonds are valued using a multi-dimensional relational model (Level 2 inputs). 3. RECEIVABLES - PROPERTY TAXES Property taxes for the 2021 levy year attach as an enforceable lien on January 1, 2021, on property values assessed as of the same date. Taxes are levied by December 31 of the subsequent fiscal year by passage of a Tax Levy Ordinance. Tax bills are prepared by the County and issued on or about May 1, 2022 and are payable in two installments, on or about June 1, 2022 and September 1, 2022. The County collects such taxes and remits them periodically. The allowance for uncollectible taxes has been stated at 1% to 2% of the tax levy, to reflect actual collection experience. The 2021 taxes are intended to finance the 2023 fiscal year and are not considered available for current operations and are, therefore, shown as unavailable/deferred revenue. The 2022 tax levy has not been recorded as a receivable at April 30, 2022, as the tax attached as a lien on property as of January 1, 2022; however, the tax will not be levied until December 2022 and, accordingly, is not measurable at April 30, 2022. - 31 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 31 - 4. CAPITAL ASSETS a. Capital Assets Capital asset activity for the year ended April 30, 2022, was as follows: Beginning Balances Increases Decreases Ending Balances GOVERNMENTAL ACTIVITIES Capital assets not being depreciated Land $ 8,790,403 $ 243,584 $ 1,057,526 $ 7,976,461 Land right of way 95,878,459 1,722,336 - 97,600,795 Construction in progress 9,503,097 5,101,636 - 14,604,733 Total capital assets not being depreciated 114,171,959 7,067,556 1,057,526 120,181,989 Capital assets being depreciated Buildings and improvements 37,742,711 600,759 - 38,343,470 Vehicles and equipment 9,492,257 663,397 431,676 9,723,978 Infrastructure 328,468,571 4,063,337 - 332,531,908 Total capital assets being depreciated 375,703,539 5,327,493 431,676 380,599,356 Less accumulated depreciation for Buildings 13,485,846 911,127 - 14,396,973 Vehicles and equipment 7,562,508 743,471 431,676 7,874,303 Infrastructure 263,972,683 11,752,350 - 275,725,033 Total accumulated depreciation 285,021,037 13,406,948 431,676 297,996,309 Total capital assets being depreciated, net 90,682,502 (8,079,455) - 82,603,047 GOVERNMENTAL ACTIVITIES CAPITAL ASSETS, NET $ 204,854,461 $ (1,011,899) $ 1,057,526 $ 202,785,036 BUSINESS-TYPE ACTIVITIES Capital assets not being depreciated Land $ 3,043,544 $ - $ - $ 3,043,544 Construction in progress 727,125 4,547,087 - 5,274,212 Total capital assets not being depreciated 3,770,669 4,547,087 - 8,317,756 Capital assets being depreciated Buildings 17,448,092 - - 17,448,092 Vehicles and equipment 3,164,882 214,001 95,504 3,283,379 Water transmission system 77,465,473 1,729,832 - 79,195,305 Sewer collection system 58,862,216 983,329 - 59,845,545 Total capital assets being depreciated 156,940,663 2,927,162 95,504 159,772,321 Less accumulated depreciation for Buildings 6,799,019 348,962 - 7,147,981 Vehicles and equipment 1,642,977 222,415 95,504 1,769,888 Water transmission system 26,097,110 1,779,070 - 27,876,180 Sewer collection system 19,819,040 1,222,558 - 21,041,598 Total accumulated depreciation 54,358,146 3,573,005 95,504 57,835,647 Total capital assets being depreciated, net 102,582,517 (645,843) - 101,936,674 BUSINESS-TYPE ACTIVITIES CAPITAL ASSETS, NET $ 106,353,186 $ 3,901,244 $ - $ 110,254,430 - 32 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 32 - 4. CAPITAL ASSETS (Continued) a. Capital Assets (Continued) Depreciation expense was charged to functions/programs of the primary government as follows: GOVERNMENTAL ACTIVITIES General government $ 254,477 Public safety 650,447 Highways and streets 12,502,024 TOTAL DEPRECIATION EXPENSE - GOVERNMENTAL ACTIVITIES $ 13,406,948 b. Construction Contracts The Village had no significant construction commitments at April 30, 2022. 5. RISK MANAGEMENT The Village is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and net income losses. To insure against the losses, the Village participates in the Southwest Agency for Risk Management (SWARM), a public entity risk pool with transfers of risk. The Village pays an annual premium to SWARM for property, general liability, employee benefit administration liability, auto liability, law enforcement liability, public officials’ liability, employment practices liability, and workers’ compensation coverage. The following table is a summary of coverage in effect for the period May 1, 2021 through April 30, 2022: Coverage SWARM Self-Insured Retention/ Deductible Limits Property $ 50,000 $ 300,000,000/member General liability 100,000 4,000,000/member Employee benefit administration liability 100,000 3,000,000/member Auto liability 100,000 2,000,000/member Law enforcement liability 100,000 2,000,000/member Public officials liability 100,000 2,000,000/member Employment practices liability 100,000 2,000,000/member Workers’ compensation 600,000/occurrence Statutory Umbrella policy N/A 8,000,000/member Excess liability N/A $10MM xs $10MM - 33 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 33 - 5. RISK MANAGEMENT (Continued) The Village is not aware of any additional premiums owed to SWARM as of April 30, 2022, for the current or prior claim years. The Village is a member of the Southwest Agency for Health Management (SWAHM), an agency comprised of fourteen communities formed to be a single member in the Intergovernmental Personnel Benefits Cooperative (IPBC) which administers personnel benefits (primarily medical, dental, and life insurance coverage) on behalf of its members. Premiums are paid monthly to another member of SWAHM, which is responsible for collecting all monies and remitting them to IPBC. IPBC is a public entity risk pool established by certain units of local government in Illinois to administer some or all of the personnel benefit programs offered by these members to their officers and employees and to the officers and employees of certain governmental, quasi-governmental, and nonprofit public service entities. IPBC receives, processes and pays such claims as may come within the benefit program of each member. Management consists of a Board of Directors comprised of one appointed representative from each member. In addition, there are two officers; a Benefit Administrator and a Treasurer. The Village, through its membership in SWAHM, does not exercise any control over the activities of IPBC beyond SWAHM’s representation on the Board of Directors. 6. LONG-TERM DEBT a. General Obligation Bonds General obligation bonds are direct obligations and pledge the full faith and credit of the Village. General obligation bonds currently outstanding are as follows: Issue Fund Debt Retired by Balances May 1 Issuances Refundings/ Retirements Balances April 30 Current Portion $6,820,000 General Obligation Refunding Bonds of 2012, annual installments of $75,000 to $805,000 through December 15, 2024, interest at 2% to 3% payable each June 15 and December 15. Debt Service $ 3,090,000 $ - $ 3,090,000 $ - $ - $9,665,000 General Obligation Refunding Bonds of 2014, annual installments of $70,000 to $1,160,000 through December 15, 2026, interest at 2.00% to 3.50% payable each June 15 and December 15. Debt Service 6,550,000 - 1,025,000 5,525,000 1,060,000 - 34 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 34 - 6. LONG-TERM DEBT (Continued) a. General Obligation Bonds (Continued) Issue Fund Debt Retired by Balances May 1 Issuances Refundings/ Retirements Balances April 30 Current Portion $2,790,000 General Obligation Refunding Bonds of 2020, annual installments of $910,000 to $945,000 through December 15, 2023, interest at 0.75% payable each June 15 and December 15. Debt Service $ 2,790,000 $ - $ 910,000 $ 1,880,000 $ 935,000 $2,385,000 General Obligation Refunding Bonds of 2021, annual installments of $790,000 to $800,000 through December 15, 2024, interest at 0.63% payable each June 15 and December 15. Debt Service - 2,385,000 - 2,385,000 790,000 TOTAL GENERAL OBLIGATION BONDS $ 12,430,000 $ 2,385,000 $ 5,025,000 $ 9,790,000 $ 2,785,000 b. Revenue Bonds Payable Revenue bonds currently outstanding are shown in the table that follows. Both issuances are collateralized by the revenue of the water and sewer system and the various restricted accounts established by the bond ordinances. Issue. Fund Debt Retired by Balances May 1 Issuances Retirements Balances April 30 Current Portion $13,740,000 Water and Sewer System Revenue Refunding Bonds of 2015, annual installments of $90,000 to $1,100,000 through May 1, 2034, interest at 2% to 4% payable each May 1 and November 1. Water and Sewer $ 12,205,000 $ - $ 665,000 $ 11,540,000 $ 700,000 TOTAL REVENUE BONDS $ 12,205,000 $ - $ 665,000 $ 11,540,000 $ 700,000 - 35 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 35 - 6. LONG-TERM DEBT (Continued) b. Revenue Bonds Payable (Continued) The amount of pledge remaining as of April 30, 2022, is as follows: Pledged Revenue Source Pledge Remaining Commitment End Date Pledged Revenue Collected Principal and Interest Paid Water and Sewer System Revenue Bonds of 2015 Revenues of the System $ 14,659,525 5/1/34 $ 19,911,315 $ 1,129,050 c. Illinois EPA Loans Issue Fund Debt Retired by Balances May 1 Issuances Retirements Balances April 30 Current Portion $3,309,451 Illinois EPA low interest loan, semiannual installments through June 15, 2031, interest at 1.25% payable each June 15 and December 15. Water and Sewer $ 1,844,623 $ - $ 165,464 $ 1,679,159 $ 167,540 $3,230,938 Illinois EPA low interest loan, semiannual installments through April 15, 2042, interest at 1.35% payable each April 15 and October 15.* Water and Sewer - 3,597,561 - 3,597,561 89,266 TOTAL ILLINOIS EPA LOANS $ 1,844,623 $ 3,597,561 $ 165,464 $ 5,276,720 $ 256,806 *A debt service to maturity schedule has not been finalized for this Illinois EPA Loan. - 36 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 36 - 6. LONG-TERM DEBT (Continued) d. Debt Service Requirements to Maturity Annual debt service requirements to maturity are as follows: Governmental Activities Fiscal General Obligation Bonds Year Principal Interest 2023 $ 2,785,000 $ 209,781 2024 2,835,000 162,487 2025 1,890,000 117,540 2026 1,120,000 79,800 2027 1,160,000 40,600 TOTAL $ 9,790,000 $ 610,208 Business-Type Activities Fiscal Revenue Bonds Year Principal Interest 2023 $ 700,000 $ 436,750 2024 725,000 408,250 2025 750,000 378,750 2026 780,000 348,150 2027 810,000 316,350 2028 840,000 283,350 2029 875,000 249,050 2030 920,000 213,150 2031 950,000 175,750 2032 990,000 136,950 2033 1,030,000 96,550 2034 1,070,000 57,225 2035 1,100,000 19,250 TOTAL $ 11,540,000 $ 3,119,525 - 37 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 37 - 6. LONG-TERM DEBT (Continued) d. Debt Service Requirements to Maturity (Continued) Business-Type Activities Fiscal Illinois EPA Loans Year Principal Interest 2023 $ 167,540 $ 20,467 2024 169,640 18,367 2025 171,767 16,240 2026 173,921 14,086 2027 176,102 11,905 2028 178,310 9,697 2029 180,546 7,461 2030 182,810 5,197 2031 185,102 2,905 2032 93,421 584 TOTAL $ 1,679,159 $ 106,909 e. Changes in Long-Term Liabilities The following is a summary of changes in bonds, installment notes payable, debt certificates, and other long-term liabilities during fiscal year 2022: Balances May 1 Additions Refundings/ Reductions Balances April 30 Current Portion GOVERNMENTAL ACTIVITIES General obligation bonds $ 12,430,000 $ 2,385,000 $ 5,025,000 $ 9,790,000 $ 2,785,000 Compensated absences payable* 1,330,784 952,546 996,301 1,287,029 989,293 Net pension liability - IMRF** 233,765 - 233,765 - - Net pension liability - Police Pension Plan* 5,917,551 7,069,944 - 12,987,495 - Total OPEB liability* 2,037,004 - 596,405 1,440,599 85,314 Unamortized bond premiums 466,127 - 276,617 189,510 - TOTAL GOVERNMENTAL ACTIVITIES $ 22,415,231 $ 10,407,490 $ 7,128,088 $ 25,694,633 $ 3,859,607 *These obligations have typically been liquidated by the General Fund. **IMRF was reported as a net pension asset at April 30, 2022. - 38 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 38 - 6. LONG-TERM DEBT (Continued) e. Changes in Long-Term Liabilities (Continued) Balances May 1, Additions Reductions Balances April 30 Current Portion BUSINESS-TYPE ACTIVITIES Revenue bonds $ 12,205,000 $ - $ 665,000 $ 11,540,000 $ 700,000 Illinois EPA loan 1,844,623 3,597,561 165,464 5,276,720 256,806 Asset retirement obligation 375,000 - - 375,000 - Compensated absences payable 82,306 61,715 69,607 74,414 64,179 Net pension liability IMRF** 41,313 - 41,313 - - Total OPEB liability 57,999 67,286 - 125,285 7,420 Unamortized bond premium 759,430 - 41,379 718,051 - TOTAL BUSINESS-TYPE ACTIVITIES $ 15,365,671 $ 3,726,562 $ 982,763 $ 18,109,470 $ 1,028,405 **IMRF was reported as a net pension asset at April 30, 2022. f. Asset Retirement Obligation The Village has recognized an asset retirement obligation (ARO) and related deferred outflow of resources in connection with its obligation to seal and abandon various water wells at the end of their estimated useful lives in accordance with federal, state, and/or local requirements. The ARO was measured using actual historical costs for similar abandonments, adjusted for inflation through the end of the year. The estimated remaining useful lives of the water wells range from 20 to 32 years. g. Refundings On September 21, 2021, the Village issued $2,385,000 General Obligation Refunding Bonds, Series 2021, to call and refund $2,355,000 of the Series 2012 Refunding General Obligation Bonds. As a result of the refunding transaction, the Village achieved a cash flow saving of $79,564 and an economic gain of $77,964. 7. INTERFUND ACTIVITY Individual fund transfers were as follows: Fund Transfers In Transfers Out General $ 25,000 $ 6,002,811 Capital Projects 6,002,811 2,058,885 Nonmajor Governmental 2,994,633 25,000 Water and Sewer - 935,748 TOTAL $ 9,022,444 $ 9,022,444 - 39 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 39 - 7. INTERFUND ACTIVITY (Continued) The purposes of significant transfers are as follows: • $2,994,633 transferred from the Capital Projects Fund and the Water and Sewer Fund to the Debt Service Fund to provide funds for a portion of various debt service payments. • $6,002,811 transferred from the General Fund to the Capital Projects Fund to finance future capital projects in accordance with the Village’s fund balance policy. 8. CONTINGENT LIABILITIES a. Litigation The Village is a defendant in various lawsuits. Although the outcome of these lawsuits is not presently determinable, in the opinion of the Village’s attorneys, the resolution of these matters will not have a material adverse effect on the financial condition of the Village. b. Grants Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the federal government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time although the Village expects such amounts, if any, to be immaterial. 9. COMMITMENTS The Village is a member of the Southwest Agency for Health Management (SWAHM), an agency comprised of fifteen communities formed to be a single member in an Intergovernmental Personnel Benefits Cooperative (IPBC) which administers the personnel benefits according to its members. Premiums are paid monthly to IPBC. The Village is a member of the Western Will County Communications Center (WESCOM), an agency comprised of five communities and eight fire protection districts formed to jointly establish, maintain, and operate a centralized public safety communication system. The expenses of WESCOM are funded by monthly charges to the participating agencies. - 40 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 40 - 10. DEVELOPMENT ASSISTANCE The Village has entered into various agreements with private organizations to encourage economic development in the Village. These agreements provide for rebating a portion of state shared sales taxes to the private organizations if certain benchmarks of development are achieved. During the fiscal year ended April 30, 2022, approximately $1,388,728 in state shared sales tax rebates were incurred under these agreements. Future contingent rebates of approximately $805,466 in state shared sales taxes may be rebated if certain criteria are met in future years. The Village entered into an agreement in August 2019 with a private organization for the construction of a new facility in the Village. The agreement provides for rebating a portion of the state shared sales tax. The company is to receive 50% of any regular sales tax (1%) generated by the project. The Village has rebated $1,334,685 as of April 30, 2022, under this agreement. 11. TAX ABATEMENTS The Village rebates local motor fuel taxes to encourage economic development in the Village. The terms of these rebate arrangements are specified within written agreements with the business concerned as allowed under the Illinois Compiled Statute Municipal Code (65 ILCS 5/8-11-20). Certain rebates may be recaptured if the subject development ceases to operate as intended for a period of more than six consecutive months. These agreements are authorized through formal approval by the Village Board of Trustees. The Village rebated $362,080 of local motor fuel taxes during the year ended April 30, 2022. Future contingent rebates of approximately $152,515 in motor fuel taxes may be rebated if certain criteria are met in future years. 12. DEFINED BENEFIT PENSION PLANS The Village contributes to two defined benefit pension plans: the Illinois Municipal Retirement Fund (IMRF), an agent multiple-employer public employee retirement system, and the Police Pension Plan which is a single-employer pension plan. The benefits, benefit levels, employee contributions, and employer contributions for both plans are governed by Illinois Compiled Statutes (ILCS) and can only be amended by the Illinois General Assembly. Neither of the pension plans issue separate reports on the pension plans. However, IMRF does issue a publicly available report that includes financial statements and supplementary information for the plan as a whole, but not for individual employers. That report can be obtained at www.imrf.org or by writing to Illinois Municipal Retirement Fund, 2211 York Road, Suite 500, Oak Brook, Illinois 60523. The total pension expense for IMRF and the Police Pension Plan was $832,683 for the year ended April 30, 2022. - 41 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 41 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions Illinois Municipal Retirement Fund Plan Administration All employees (other than those covered by the Police Pension Plan) hired in positions that meet or exceed the prescribed annual hourly standard must be enrolled in IMRF as participating members. The plan is accounted for on the economic resources measurement focus and the accrual basis of accounting. Employer and employee contributions are recognized when earned in the year that the contributions are required, benefits and refunds are recognized as an expense and liability when due and payable. Plan Membership At December 31, 2021, membership consisted of: Inactive employees or their beneficiaries currently receiving benefits 74 Inactive employees entitled to but not yet receiving benefits 67 Active employees 86 TOTAL 227 Benefits Provided All employees (other than those covered by the Police Pension Plan) hired in positions that meet or exceed the prescribed annual hourly standard must be enrolled in IMRF as participating members. IMRF provides two tiers of pension benefits. Employees hired prior to January 1, 2011, are eligible for Tier 1 benefits. For Tier 1 employees, pension benefits vest after eight years of service. Participating members who retire at age 55 (reduced benefits) or after age 60 (full benefits) with eight years of credited service are entitled to an annual retirement benefit, payable monthly for life, in an amount equal to 1 2/3% of their final rate of earnings, for each year of credited service up to 15 years, and 2% for each year thereafter. - 42 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 42 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Illinois Municipal Retirement Fund (Continued) Benefits Provided (Continued) Employees hired on or after January 1, 2011, are eligible for Tier 2 benefits. For Tier 2 employees, pension benefits vest after ten years of service. Participating members who retire at age 62 (reduced benefits) or after age 67 (full benefits) with ten years of credited service are entitled to an annual retirement benefit, payable monthly for life, in an amount equal to 1 2/3% of their final rate of earnings, for each year of credited service up to 15 years, and 2% for each year thereafter. IMRF also provides death and disability benefits. These benefit provisions are established by state statute. Contributions Participating members are required to contribute 4.50% of their annual salary to IMRF. The Village is required to contribute the remaining amounts necessary to fund IMRF as specified by statute. The employer contribution for the fiscal year ended April 30, 2022, was 10.44% of covered payroll. Actuarial Assumptions The Village’s net pension liability was measured as of December 31, 2021 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation performed as of the same date using the following actuarial methods and assumptions. Actuarial valuation date December 31, 2021 Actuarial cost method Entry-age normal Assumptions Price inflation 2.25% Salary increases 2.85% to 13.75% Investment rate of return 7.25% Inflation 2.50% Asset valuation method Fair value - 43 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 43 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Illinois Municipal Retirement Fund (Continued) Actuarial Assumptions (Continued) For nondisabled retirees, the Pub-2010, Amount-Weighted, below-median income, General, Retiree, Male (adjusted 106%) and Female (adjusted 105%) tables, and future mortality improvements projected using scale MP-2020. For disabled retirees, the Pub-2010, Amount Weighted, below-median income, General, Disabled Retiree, Male and Female (both unadjusted) tables, and future mortality improvements projected using scale MP-2020. For active members, the Pub-2010, Amount- Weighted, below-median income, General, Employee, Male and Female (both unadjusted) tables, and future mortality improvements projected using scale MP 2020. Discount Rate The discount rate used to measure the total pension liability was 7.25% at December 31, 2021. The projection of cash flows used to determine the discount rate assumed that member contributions will be made at the current contribution rate and that the village contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on those assumptions, the IMRF’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. - 44 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 44 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Illinois Municipal Retirement Fund (Continued) Changes in the Net Pension Liability (a) Total Pension (b) Plan Fiduciary (a) - (b) Net Pension Liability Liability Net Position (Asset) BALANCES AT JANUARY 1, 2021 $ 29,589,362 $ 29,314,284 $ 275,078 Changes for the period Service cost 649,151 - 649,151 Interest 2,127,316 - 2,127,316 Difference between expected and actual experience 664,132 - 664,132 Assumption changes - - - Employer contributions - 763,678 (763,678) Employee contributions - 309,409 (309,409) Net investment income - 4,714,968 (4,714,968) Benefit payments and refunds (1,143,293) (1,143,293) - Other (net transfer) - 118,660 (118,660) Net changes 2,297,306 4,763,422 (2,466,116) BALANCES AT DECEMBER 31, 2021 $ 31,886,668 $ 34,077,706 $ (2,191,038) - 45 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 45 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Illinois Municipal Retirement Fund (Continued) Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources For the year ended April 30, 2022, the Village recognized pension expense (income) of $(693,378). At April 30, 2022, the Village reported deferred outflows of resources and deferred inflows of resources related to IMRF from the following sources: Deferred Outflows of Resources Deferred Inflows of Resources Differences between expected and actual experience $ 618,082 $ 127,710 Assumption changes 92,441 239,151 Net difference between projected and actual earnings on pension plan investments - 3,428,259 Employer contributions after the measurement date 217,775 - TOTAL $ 928,298 $ 3,795,120 $217,775 reported as deferred outflows of resources related to pensions resulting from village contributions subsequent to the measurement date will be recognized as a reduction of net pension liability in the reporting year ending April 30, 2023. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to IMRF will be recognized in pension expense as follows: Year Ending April 30, 2023 $ (602,501) 2024 (1,263,363) 2025 (746,447) 2026 (472,286) 2027 - Thereafter - TOTAL $ (3,084,597) - 46 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 46 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Illinois Municipal Retirement Fund (Continued) Discount Rate Sensitivity The following is a sensitivity analysis of the net pension liability (asset) to changes in the discount rate. The table below presents the net pension liability (asset) of the Village calculated using the discount rate of 7.25% as well as what the Village’s net pension liability (asset) would be if it were calculated using a discount rate that is 1 percentage point lower (6.25%) or 1 percentage point higher (8.25%) than the current rate: 1% Decrease Current Discount Rate 1% Increase (6.25%) (7.25%) (8.25%) Net pension liability (asset) $ 2,395,825 $ (2,191,038) $ (5,774,704) Police Pension Plan Plan Administration Police sworn personnel are covered by the Police Pension Plan (the Plan). Although this is a single-employer pension plan, the defined benefits and employee and employer contribution levels are governed by Illinois Compiled Statutes (40 ILCS 5/3-1) and may be amended only by the Illinois legislature. The Village accounts for the Plan as a pension trust fund. The Plan is governed by a five-member Board of Trustees. Two members of the Board of Trustees are appointed by the Village President, one member is elected by pension beneficiaries, and two members are elected by active police employees. The Plan is accounted for on the economic resources measurement focus and the accrual basis of accounting. Employer and employee contributions are recognized when earned in the year that the contributions are required, and benefits and refunds are recognized as an expense and liability when due and payable. Administrative costs are financed through contributions and investment income. - 47 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 47 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Plan Membership At April 30, 2022, the measurement date, membership consisted of: Inactive plan members or beneficiaries currently receiving benefits 13 Inactive plan members entitled to but not yet receiving benefits 8 Active plan members 62 TOTAL 83 Benefits Provided The Plan provides retirement benefits as well as death and disability benefits. Tier 1 employees (those hired prior to January 1, 2011) attaining the age of 50 or older with 20 or more years of creditable service are entitled to receive an annual retirement benefit equal to one-half of the salary attached to the rank held on the last day of service, or for one year prior to the last day, whichever is greater. The annual benefit shall be increased by 2.50% of such salary for each additional year of service over 20 years up to 30 years to a maximum of 75% of such salary. Employees with at least eight years but less than 20 years of creditable service may retire at or after age 60 and receive a reduced benefit. The monthly benefit of a police officer who retired with 20 or more years of service after January 1, 1977 shall be increased annually, following the first anniversary date of retirement and be paid upon reaching the age of at least 55 years, by 3% of the original pension, and 3% compounded annually thereafter. Tier 2 employees (those hired on or after January 1, 2011) attaining the age of 55 or older with ten or more years of creditable service are entitled to receive an annual retirement benefit equal to the average monthly salary obtained by dividing the total salary of the police officer during the 96 consecutive months of service within the last 120 months of service in which the total salary was the highest by the number of months of service in that period. Police officers’ salary for pension purposes is capped at $106,800, plus the lesser of ½ of the annual change in the Consumer Price Index or 3% compounded. The annual benefit shall be increased by 2.50% of such - 48 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 48 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Benefits Provided (Continued) salary for each additional year of service over 20 years up to 30 years to a maximum of 75% of such salary. Employees with at least ten years may retire at or after age 50 and receive a reduced benefit (i.e., ½% for each month under 55). The monthly benefit of a Tier 2 police officer shall be increased annually at age 60 on the January 1st after the police officer retires, or the first anniversary of the pension starting date, whichever is later. Noncompunding increases occur annually, each January thereafter. The increase is the lesser of 3% or ½ of the change in the Consumer Price Index for the preceding calendar year. Contributions Employees are required by ILCS to contribute 9.91% of their base salary to the Plan. If an employee leaves covered employment with less than 20 years of service, accumulated employee contributions may be refunded without accumulated interest. The Village is required to contribute the remaining amounts necessary to finance the Plan and the administrative costs as actuarially determined by an enrolled actuary. Effective January 1, 2011, the Village has until the year 2040 to fund 90% of the past service cost for the Plan. However, the Village has elected to fund 100% of the past service cost on a closed basis by the year 2040. For the year ended April 30, 2022, the Village’s contribution was 27.36% of covered payroll. Investment Policy ILCS limits the Plan’s investments to those allowable by ILCS and require the Plan’s Board of Trustees to adopt an investment policy which can be amended by a majority vote of the Board of Trustees. The Plan’s investment policy authorizes it to make deposits/invest in insured commercial banks, savings and loan institutions, obligations of the U.S. Treasury and U.S. agencies, insured credit union shares, money market mutual funds with portfolios of securities issued or guaranteed by the United States Government or agreements to repurchase these same obligations, repurchase agreements, short-term commercial paper rated within the three highest classifications by at least two standard rating services, and The Illinois Funds. The Plan may also invest in certain non-U.S. obligations, Illinois municipal corporations tax anticipation warrants, veteran’s loans, obligations of the State of Illinois and its political subdivisions, and Illinois insurance company general and separate accounts, mutual funds, and equities. - 49 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 49 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Investment Policy (Continued) During the year, there were no changes to the investment policy. The Plan’s investment policy in accordance with ILCS establishes the following target allocation across asset classes: Asset Class Target Long-Term Expected Real Rate of Return Large cap domestic equity 35% 5.9% Small cap domestic equity 11.7% 7.7% International equity 8.3% 6.8% Fixed income 45% 1.0% ILCS limits the Plan’s investments in equities, mutual funds, and variable annuities to 65%. Securities in any one company should not exceed 5% of the total fund. The long-term expected real rates of return are net of inflation and investment expense. Long-term returns for the asset classes are calculated on a geometric mean basis. Expected returns are developed through a combination of inputs from Morningstar Analyst Research Center - SBBI Data, Bloomberg and other reliable industry sources through December 31, 2021. Historical data is utilized to establish long-term trends in data and relationships across asset classes. Bond yield inputs were updated to December 31, 2021. International Equity = the MSCI EAFE Index from December 31, 1969 through December 31, 2021. Investments with a maturity of less than one year when purchased, non-negotiable certificates of deposit, and money market mutual funds are stated at cost or amortized cost. Investments with a maturity greater than one year when purchased and all investments of the pension trust fund are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. - 50 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 50 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Investment Valuations The Plan categorizes the fair value measurements within the fair value hierarchy established by GAAP. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs. The Plan had the following recurring fair value measurements as of April 30, 2022: The U.S. Treasury obligations and equity mutual funds are valued using daily quoted prices (Level 1 inputs). The U.S. agency obligations, municipal bonds, negotiable certificates of deposit, and corporate bonds are valued using evaluated pricing (Level 2 inputs). Investment Rate of Return For the year ended April 30, 2022, the annual money-weighted rate of return on pension plan investments, net of pension plan investment expense, was (7.70)%. The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. Deposits with Financial Institutions Custodial credit risk for deposits with financial institutions is the risk that in the event of bank failure, the Plan’s deposits may not be returned to it. The Plan’s investment policy does not require pledging of collateral for all bank balances in excess of federal depository insurance, since flow-through FDIC insurance is available for the Plan’s deposits with financial institutions. - 51 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 51 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Interest Rate Risk The following table presents the investments and maturities of the Plan’s debt securities as of April 30, 2022: Investment Maturities (in Years) Investment Type Fair Value Less than 1 1-5 6-10 Greater than 10 U.S. Treasury obligations $ 2,835,992 $ 200,297 $ 2,489,750 $ 145,945 $ - U.S. Agency obligations 12,306,369 783,153 7,379,982 4,102,839 40,395 Negotiable certificates of deposit 1,461,660 - 821,334 640,326 - Corporate bonds 137,094 - 137,094 - - Municipal bonds 3,407,753 311,891 2,137,703 958,159 - TOTAL $ 20,148,868 $ 1,295,341 $ 12,965,863 $ 5,847,269 $ 40,395 Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. In accordance with its investment policy, the Plan limits its exposure to interest rate risk through the proper diversifications of maturities and sectors while maintaining cash flow adequate to meet anticipated disbursements for at least six months by utilizing short-term money market investments. There are no constraints on any of the fixed income portfolio’s average maturity. The average duration of any fixed income portfolio shall not exceed 12 years at any given time unless deemed otherwise by the Board of Trustees. Credit Risk Credit risk is the risk that the issuer of a debt security will not pay its par value upon maturity. The Plan limits its exposure to credit risk by primarily investing in U.S. Treasury or U.S. agency obligations. The Plan’s investment policy does not specifically address credit risk for corporate bonds and municipal bonds. The U.S. agency obligations are rated Aaa or are not rated. The municipal bonds are rated A2 to Aaa. The negotiable certificates of deposit and corporate bonds are not rated. - 52 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 52 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Custodial Credit Risk Custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to the investment, the Plan will not be able to recover the value of its investments that are in possession of an outside party. To limit its exposure, the Plan’s investment policy requires all security transactions that are exposed to custodial credit risk to be processed on a delivery versus payment (DVP) basis with the underlying investments held by a third-party custodian. The money market mutual funds and equity mutual funds are not subject to custodial credit risk. Concentration of Credit Risk Concentration of credit risk is the risk that the Plan has a high percentage of its investments invested in one type of investment. The Plan’s investment policy limits the amount of the debt portfolio that can be invested in any one debt security as follows: Diversification by Instrument Minimum Target Maximum Cash equivalents 0% 0.0% 30% Fixed income 40% 45.0% 70% U.S. stocks 35% 46.7% 45% Non-U.S. stocks 0% 8.3% 20% Discount Rate The discount rate used to measure the total pension liability was 6.75%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that the village contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current members. Therefore, the long-term expected rate of return on pension plan investments of 6.75% was applied to all periods of projected benefit payments to determine the total pension liability. - 53 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 53 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Changes in Net Pension Liability (a) Total Pension (b) Plan Fiduciary (a) - (b) Net Pension Liability Net Position Liability BALANCES AT MAY 1, 2021 $ 52,346,796 $ 46,429,246 $ 5,917,550 Changes for the period Service cost 1,416,091 - 1,416,091 Interest 3,597,405 - 3,597,405 Difference between expected and actual experience (12,533) - (12,533) Changes in assumptions 631,153 - 631,153 Employer contributions - 1,697,262 (1,697,262) Contributions – buy back 476,003 476,003 - Benefit terms changes - - - Employee contributions - 614,653 (614,653) Net investment income - (3,695,174) 3,695,174 Benefit payments and refunds (936,000) (936,000) - Administrative expense - (54,570) 54,570 Net changes 5,172,119 (1,897,826) 7,069,945 BALANCES AT APRIL 30, 2022 $ 57,518,915 $ 44,531,420 $ 12,987,495 There were assumption changes related to mortality rates, salary increases, and payroll growth since the prior valuation. - 54 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 54 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Actuarial Assumptions The total pension liability above was determined by an actuarial valuation performed as of April 30, 2022, using the following actuarial methods and assumptions: Actuarial valuation date April 30, 2022 Actuarial cost method Entry-age normal Assumptions Inflation 2.50% Salary increases 3.50% to 11.00% Investment rate of return 6.75% Cost of living adjustments Tier 1 - 3.00% Tier 2 - 1.25% Asset valuation method Fair value Mortality rates were based on PubS-2010 Employee mortality, projected five years past the valuation date with Scale MP-2019 for active lives. 10% of active deaths are assumed to be in the line of duty. Discount Rate Sensitivity The following is a sensitivity analysis of the net pension liability (asset) to changes in the discount rate. The table below presents the net pension liability (asset) of the Village calculated using the discount rate of 6.75% as well as what the Village’s net pension liability (asset) would be if it were calculated using a discount rate that is 1 percentage point lower (5.75%) or 1 percentage point higher (7.75%) than the current rate: 1% Decrease Current Discount Rate 1% Increase (5.75%) (6.75%) (7.75%) Net pension liability (asset) $ 23,586,388 $ 12,987,495 $ 4,553,820 - 55 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 55 - 12. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources For the year ended April 30, 2022, the Village recognized police pension expense of $1,526,061. At April 30, 2022, the Village reported deferred outflows of resources and deferred inflows of resources related to the police pension from the following sources: Deferred Outflows of Resources Deferred Inflows of Resources Differences between expected and actual experience $ 669,150 $ 2,860,257 Changes in assumptions 1,437,341 - Net difference between projected and actual earnings on pension plan investments 2,654,215 - TOTAL $ 4,760,706 $ 2,860,257 Amounts reported as deferred outflows of resources and deferred inflows of resources related to the police pension will be recognized in pension expense as follows: Year Ending April 30, 2023 $ 263,279 2024 470,381 2025 (137,443) 2026 1,188,116 2027 (189,846) Thereafter 305,962 TOTAL $ 1,900,449 - 56 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 56 - 13. OTHER POSTEMPLOYMENT BENEFITS a. Plan Description In addition to providing the pension benefits described, the Village provides postemployment health care (OPEB) benefits for retirees and disabled employees through a single-employer defined benefit plan (the Plan). The benefits, benefit levels, employee contributions, and any employer contributions are governed by the Village and can be amended by the Village through its personnel manual and union contracts. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75. The Plan does not issue a separate report. The activity of the Plan is reported in the Village’s governmental activities and Water and Sewer Fund. b. Benefits Provided The Village provides OPEB to its retirees and certain disabled employees. To be eligible for benefits, an employee must qualify for retirement under one of the Village’s retirement plans or meet COBRA requirements. All retirees contribute 100% of the premium to the Plan to cover the cost of providing the benefits to the retirees via the health insurance plan (pay as you go), which results in an implicit subsidy to the Village. For certain disabled employees who qualify for health insurance benefits under the Public Safety Employee Benefits Act (PSEBA), the Village is required to pay 100% of the cost of basic health insurance for the employee and their dependents for their lifetime. As of April 30, 2022, the Village had one disabled retiree receiving benefits under this statute. All health care benefits are provided through the Village’s insured health plan. The benefit levels are the same as those afforded to active employees. Benefits include general inpatient and outpatient medical services; mental, nervous, and substance abuse care; vision care; dental care; and prescriptions. Eligibility in Village sponsored health care plans is discontinued upon eligibility for federally sponsored health care benefits. c. Membership At April 30, 2022, membership consisted of: Inactive employees or beneficiaries currently receiving benefit payments 11 Inactive employees entitled to but not yet receiving benefit payments - Active employees 141 TOTAL 152 - 57 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 57 - 13. OTHER POSTEMPLOYMENT BENEFITS (Continued) d. Total OPEB Liability The Village’s total OPEB liability of $1,565,884 was measured as of April 30, 2022 and was determined by an actuarial valuation as of May 1, 2021. e. Actuarial Assumptions and Other Inputs The total OPEB liability at April 30, 2022, as determined by an actuarial valuation as of May 1, 2021, actuarial valuation, was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified. Actuarial cost method Entry-age normal Actuarial value of assets N/A Inflation 2.50% Salary Increases 4.00% Discount rate 3.98% Healthcare cost trend rates 4.00 - 6.00% initial 4.50% Ultimate Police employees that suffer a catastrophic injury or are killed in the line of duty may receive 100% village paid lifetime coverage for the employee, their spouse, and each dependent child under the Public Safety Employee Benefits Act. The discount rate was based on the index rate for tax-exempt general obligation municipal bonds rated AA or better at April 30, 2022. Mortality rates were based on the PubG.H-2010(B) Mortality Table - General (below-median income) with future mortality improvements using Scale MP-2020. The actuarial assumptions used in the May 1, 2021, valuation are based on 10% participation assumed, with 40% electing spouse coverage. - 58 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 58 - 13. OTHER POSTEMPLOYMENT BENEFITS (Continued) f. Changes in the Total OPEB Liability Total OPEB Liability BALANCES AT MAY 1, 2021 $ 2,095,003 Changes for the period Service cost 31,986 Interest 37,490 Difference between expected & actual experience 62,114 Changes in assumptions (567,975) Benefit payments (92,734) Other changes - Net changes (529,119) BALANCES AT APRIL 30, 2022 $ 1,565,884 There were changes in assumptions related to the discount rate, health care trend rate, and inflation rate from the previous valuation. In addition, the decrements were changed to those in the most recent IMRF and Plainfield Police Pension Fund pension plan actuarial valuation reports. g. Rate Sensitivity The following is a sensitivity analysis of the total OPEB liability to changes in the discount rate and the healthcare cost trend rate. The table below presents the total OPEB liability of the Village calculated using the discount rate of 3.98% as well as what the Village total OPEB liability would be if it were calculated using a discount rate that is 1 percentage point lower or 1 percentage point higher than the current rate: 1% Decrease Current Discount Rate 1% Increase Total OPEB liability $ 1,785,326 $ 1,565,884 $ 1,392,827 - 59 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 59 - 13. OTHER POSTEMPLOYMENT BENEFITS (Continued) g. Rate Sensitivity (Continued) The table below presents the total OPEB liability of the Village calculated using the healthcare rate of 4 to 6% as well as what the Village’s total OPEB liability would be if it were calculated using a healthcare rate that is 1 percentage point lower or 1 percentage point higher than the current rate: 1% Decrease Current Healthcare Rate 1% Increase Total OPEB liability $ 1,379,972 $ 1,565,884 $ 1,799,791 h. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the year ended April 30, 2022, the Village recognized OPEB expense of $75,655. At April 30, 2022, the Village reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Outflows of Resources Deferred Inflows of Resources Differences between expected and actual experience $ 251,182 $ 249,504 Changes in assumptions 608,930 601,898 TOTAL $ 860,112 $ 851,402 Amounts reported as deferred outflows of resources and deferred inflows of resources will be recognized in OPEB expense as follows: Year Ending April 30, 2023 $ 6,179 2024 6,179 2025 6,179 2026 5,669 2027 5,144 Thereafter (20,640) TOTAL $ 8,710 - 60 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) - 60 - 14. DEFINED CONTRIBUTION PENSION PLAN The Village provides a voluntary retirement benefit for all of its employees through a defined contribution plan, which is administered by either Illinois Public Pension Fund Association (IPPFA), ICMA-RC, or MetLife. Benefits depend solely on amounts contributed to the Plan plus investment earnings. All the Village employees are eligible to participate from the date of employment and the Village provides a platform for employees to participate and invest. Employees are fully vested immediately and there are no forfeitures executed by the Village. The Village contributes amounts to the defined contribution plan based on the employee’s minimum annual contributions. Employees can voluntarily contribute any dollar amount up to the IRS respective annual limit. The Board of Trustees amended the by-laws of the Plan effective January 1, 2011. The Village contributed $247,550 to the Deferred Compensation Plan 457(b) Plan during the year ended April 30, 2022. - 61 - REQUIRED SUPPLEMENTARY INFORMATION VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual REVENUES Taxes 8,156,580$ 8,156,580$ 8,506,652$ Licenses and permits 1,388,200 1,388,200 2,129,563 Intergovernmental 12,290,750 12,290,750 16,770,282 Charges for services 6,103,700 6,103,700 6,331,155 Fines and forfeits 694,000 694,000 564,114 Investment income 41,758 41,758 (91,661) Miscellaneous 133,000 133,000 233,677 Total revenues 28,807,988 28,807,988 34,443,782 EXPENDITURES Current General government 5,895,895 5,895,895 6,060,875 Public safety 14,332,593 14,332,593 13,199,285 Highways and streets 8,806,500 8,806,500 8,810,301 Total expenditures 29,034,988 29,034,988 28,070,461 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES (227,000) (227,000) 6,373,321 OTHER FINANCING SOURCES (USES) Transfers in 225,000 225,000 25,000 Transfers (out)- - (6,002,811) Sale of capital assets 2,000 2,000 - Total other financing sources (uses)227,000 227,000 (5,977,811) NET CHANGE IN FUND BALANCE -$ -$ 395,510 FUND BALANCE, MAY 1 13,272,425 FUND BALANCE, APRIL 30 13,667,935$ (See independent auditor's report.) - 62 - FISCAL YEAR ENDED APRIL 30,2016 2017 2018 2019 2020 2021 2022 Actuarially determined contribution 632,404$ 651,811$ 683,524$ 673,301$ 641,018$ 756,973$ 707,359$ Contributions in relation to the actuarially determined contribution 632,404 651,811 683,524 673,301 641,018 756,973 707,359 CONTRIBUTION DEFICIENCY (Excess)-$ -$ -$ -$ -$ -$ -$ Covered payroll 5,619,601$ 5,820,182$ 6,159,861$ 6,335,963$ 6,464,299$ 6,967,059$ 6,778,469$ Contributions as a percentage of covered payroll 11.25%11.20%11.10%10.63%9.92%10.87%10.44% Notes to Required Supplementary Information Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information will be presented for as many years as is available. VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF EMPLOYER CONTRIBUTIONS ILLINOIS MUNICIPAL RETIREMENT FUND Last Seven Fiscal Years The information presented was determined as part of the actuarial valuation as of January 1 of the prior calendar year.Additional information as of the latest actuarial valuation presented is as follows:the actuarial cost method was aggregate entry-age normal;the amortization method was level percentage of payroll, closed;the amortization period was 22 years,closed until the remaining period reaches 15 years (then a 15-year rolling period);the asset valuation method was five-year smoothed market with a 20.00%corridor;and the significant actuarial assumptions were wage growth at 3.25%,price inflation at 2.50%,salary increases of 3.35% to 14.25%, including inflation, and an investment rate of return at 7.25% annually. (See independent auditor's report.) - 63 - FISCAL YEAR ENDED APRIL 30,2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Actuarially determined contribution 808,308$ 808,112$ 935,192$ 902,596$ 1,099,147$ 1,295,962$ 1,246,616$ 1,274,674$ 1,580,337$ 1,690,118$ Contributions in relation to the actuarially determined contribution 888,578 886,519 898,172 948,549 1,101,142 1,364,479 1,402,674 1,297,308 1,577,686 1,697,262 CONTRIBUTION DEFICIENCY (Excess)(80,270)$ (78,407)$ 37,020$ (45,953)$ (1,995)$ (68,517)$ (156,058)$ (22,634)$ 2,651$ (7,144)$ Covered payroll 4,563,700$ 4,732,754$ 4,814,515$ 5,093,977$ 5,249,845$ 5,525,220$ 5,827,563$ 6,084,253$ 6,021,819$ 6,202,351$ Contributions as a percentage of covered payroll 19.47%18.73%18.66%18.62%20.97%24.70%24.07%21.32%26.20%27.36% Notes to Required Supplementary Information The information presented was determined as part of the actuarial valuations as of the beginning of the prior fiscal year.Additional information as of the latest actuarial valuation presented is as follows:the actuarial cost method was entry age normal;the amortization method was level percent of pay,closed,and the amortization period was 19 years;the asset valuation method was at five-year smoothed market value;and the significant actuarial assumptions were an investment rate of return at 6.75%annually,projected salary increases assumption of 3.50%to 11.00%compounded annually,and inflation of 2.50% compounded annually. VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF EMPLOYER CONTRIBUTIONS POLICE PENSION FUND Last Ten Fiscal Years (See independent auditor's report.) - 64 - MEASUREMENT DATE DECEMBER 31,2015 2016 2017 2018 2019 2020 2021 TOTAL PENSION LIABILITY Service cost 655,050$ 653,238$ 667,207$ 621,641$ 671,606$ 684,620$ 649,151$ Interest 1,440,465 1,549,109 1,691,702 1,765,752 1,903,522 2,050,886 2,127,316 Differences between expected and actual experience (198,500) 173,858 7,116 159,846 282,268 (235,564) 664,132 Changes of assumptions 30,956 (66,399) (765,062) 882,365 - (441,121) - Benefit payments, including refunds of member contributions (485,137) (412,666) (528,884) (652,817) (832,123) (830,462) (1,143,293) Net change in total pension liability 1,442,834 1,897,140 1,072,079 2,776,787 2,025,273 1,228,359 2,297,306 Total pension liability - beginning 19,146,890 20,589,724 22,486,864 23,558,943 26,335,730 28,361,003 29,589,362 TOTAL PENSION LIABILITY - ENDING 20,589,724$ 22,486,864$ 23,558,943$ 26,335,730$ 28,361,003$ 29,589,362$ 31,886,668$ PLAN FIDUCIARY NET POSITION Contributions - employer 637,826$ 669,937$ 669,286$ 703,864$ 617,053$ 694,734$ 763,678$ Contributions - member 253,640 267,974 271,577 297,890 290,454 291,633 309,409 Net investment income 85,777 1,184,782 3,015,203 (914,219) 3,812,685 3,496,013 4,714,968 Benefit payments, including refunds of member contributions (485,137) (412,666) (528,884) (652,817) (832,123) (830,462) (1,143,293) Administrative expense/other (466,427) 5,449 (203,705) 329,608 15,357 77,814 118,660 Net change in plan fiduciary net position 25,679 1,715,476 3,223,477 (235,674)3,903,426 3,729,732 4,763,422 Plan fiduciary net position - beginning 16,952,168 16,977,847 18,693,323 21,916,800 21,681,126 25,584,552 29,314,284 PLAN FIDUCIARY NET POSITION - ENDING 16,977,847$ 18,693,323$ 21,916,800$ 21,681,126$ 25,584,552$ 29,314,284$ 34,077,706$ EMPLOYER'S NET PENSION LIABILITY (ASSET)3,611,877$ 3,793,541$ 1,642,143$ 4,654,604$ 2,776,451$ 275,078$ (2,191,038)$ VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF CHANGES IN THE EMPLOYER'S NET PENSION LIABILITY AND RELATED RATIOS ILLINOIS MUNICIPAL RETIREMENT FUND Last Seven Fiscal Years - 65 - MEASUREMENT DATE DECEMBER 31,2015 2016 2017 2018 2019 2020 2021 Plan fiduciary net position as a percentage of the total pension liability 82.46%83.13%93.03%82.33%90.21%99.07%106.87% Covered payroll 5,619,601$ 5,954,999$ 6,035,047$ 6,335,404$ 6,454,529$ 6,486,869$ 6,861,446$ Employer's net pension liability (asset) as a percentage of covered payroll 64.30%63.70%27.20%73.50%43.00%4.20%(31.90%) Notes to Required Supplementary Information Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information will be presented for as many years as is available. There was a change in the actuarial assumptions for the discount rate in 2015 and 2016. Changes in assumptions related to price inflation, salary increases, retirement age, and mortality rates were made in 2017. Changes in assumptions related to the discount rate were made in 2018. Changes in assumptions related to price inflation, salary increases, retirement age, and mortality rates were made in 2020. (See independent auditor's report.) - 66 - MEASUREMENT DATE APRIL 30,2015 2016 2017 2018 2019 2020 2021 2022 TOTAL PENSION LIABILITY Service cost 1,098,445$ 1,194,830$ 1,290,807$ 1,273,722$ 1,313,637$ 1,452,555$ 1,438,196$ 1,416,091$ Interest 2,039,130 2,374,855 2,718,699 2,879,343 3,076,159 3,011,884 3,339,001 3,597,405 Changes of benefit terms - - - - - 118,430 - - Differences between expected and actual experience (319,230) (220,856) (469,897) (549,216) (4,863,845) 1,003,729 (52,953) (12,533) Changes of assumptions 2,082,221 1,674,600 (928,943) 1,138,995 1,585,849 - - 631,153 Contributions - buyback - - - - - - - 476,003 Benefit payments, including refunds of member contributions (413,533) (434,932) (442,742) (494,765) (510,423) (640,262) (811,860) (936,000) Net change in total pension liability 4,487,033 4,588,497 2,167,924 4,248,079 601,377 4,946,336 3,912,384 5,172,119 Total pension liability - beginning 27,395,166 31,882,199 36,470,696 38,638,620 42,886,699 43,488,076 48,434,412 52,346,796 TOTAL PENSION LIABILITY - ENDING 31,882,199$ 36,470,696$ 38,638,620$ 42,886,699$ 43,488,076$ 48,434,412$ 52,346,796$ 57,518,915$ PLAN FIDUCIARY NET POSITION Contributions - employer 898,172$ 948,599$ 1,101,142$ 1,364,479$ 1,402,674$ 1,297,308$ 1,577,686$ 1,697,262$ Contributions - member 522,107 490,958 509,526 524,835 555,362 580,065 655,092 614,653 Contributions - buyback - - - - - - - 476,003 Net investment income 1,466,441 (72,695) 2,276,889 2,098,694 1,688,922 532,039 8,660,971 (3,695,175) Benefit payments, including refunds of member (413,533) (434,932) (442,742) (494,765) (510,423) (640,262) (811,860) (936,000) contributions Administrative expense (33,752) (32,827) (41,812) (42,745) (49,718) (43,145) (43,819) (54,569) Net change in plan fiduciary net position 2,439,435 899,103 3,403,003 3,450,498 3,086,817 1,726,005 10,038,070 (1,897,826) Plan fiduciary net position - beginning 21,386,315 23,825,750 24,724,853 28,127,856 31,578,354 34,665,171 36,391,176 46,429,246 PLAN FIDUCIARY NET POSITION - ENDING 23,825,750$ 24,724,853$ 28,127,856$ 31,578,354$ 34,665,171$ 36,391,176$ 46,429,246$ 44,531,420$ EMPLOYER'S NET PENSION LIABILITY 8,056,449$ 11,745,843$ 10,510,764$ 11,308,345$ 8,822,905$ 12,043,236$ 5,917,550$ 12,987,495$ VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF CHANGES IN THE EMPLOYER'S NET PENSION LIABILITY AND RELATED RATIOS POLICE PENSION FUND Last Eight Fiscal Years - 67 - MEASUREMENT DATE APRIL 30,2015 2016 2017 2018 2019 2020 2021 2022 Plan fiduciary net position as a percentage of the total pension liability 74.73%67.79%72.80%73.63%79.71%75.13%88.70%77.42% Covered payroll 4,814,515$ 5,093,977$ 5,249,845$ 5,525,220$ 5,827,563$ 6,084,253$ 6,021,819$ 6,202,351$ Employer's net pension liability as a percentage of covered payroll 167.34%230.58%200.21%204.67%151.40%197.94%98.27%209.40% Notes to Required Supplementary Information There was a change with respect to actuarial assumptions in 2015 and 2016 to reflect revised expectations with respect to mortality rates, disability rates, turnover rates, and retirement rates. There was a change with respect to actuarial assumptions in 2019 to reflect revised expectations with respect to mortality rates. There was a change with respect to actuarial assumptions in 2022 to reflect revised expectations with respect to mortality rates, salary increases, and payroll growth. Ultimately, this schedule should present information for the last ten years. However, until ten years of information can be compiled, information will be presented for as many years as is available. There was a change with respect to actuarial assumptions in 2018 to reflect revised expectations with respect to mortality rate and the new Department of Insurance assumptions reported in the GRS Experience Study released in 2017. The discount rate was also changed in 2018. There was a change with respect to actuarial assumptions in 2017 to reflect revised expectations with respect to mortality rates. (See independent auditor's report.) - 68 - MEASUREMENT DATE APRIL 30,2018 2019 2020 2021 2022 TOTAL OPEB LIABILITY Service cost 20,960$ 26,191$ 28,320$ 26,239$ 31,986$ Interest 48,256 49,905 45,347 43,717 37,490 Changes of benefit terms - - - - - Differences between expected and actual experience (293,399) (221,712) - 74,837 62,114 Changes of assumptions 302,198 175,872 85,282 438,713 (567,975) Benefit payments (32,954) (32,258) (25,206) (44,805) (92,734) Other changes - 36,381 (2,736) - - Net change in total OPEB liability 45,061 34,379 131,007 538,701 (529,119) Total OPEB liability - beginning 1,345,855 1,390,916 1,425,295 1,556,302 2,095,003 TOTAL OPEB LIABILITY - ENDING 1,390,916$ 1,425,295$ 1,556,302$ 2,095,003$ 1,565,884$ Covered-employee payroll 10,735,898$ 11,381,178$ 11,381,178$ 12,031,717$ 12,031,717$ Employer's total OPEB liability as a percentage of covered-employee payroll 12.96%12.52%13.67%17.41%13.01% Notes to Required Supplementary Information No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75. Last Five Fiscal Years Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled, information will be presented for as many years as is available. VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF CHANGES IN THE EMPLOYER'S TOTAL OPEB LIABILITY AND RELATED RATIOS OTHER POSTEMPLOYMENT BENEFIT PLAN There were changes in assumptions related to the discount rate and health care trend rate in 2019.In addition,the decrements were changed to those in the most recent IMRF and Plainfield Police Pension Fund pension plan actuarial valuation reports. There were changes in assumptions related to the discount rate and health care trend rate in 2018.In addition,the decrements were changed to those in the most recent IMRF and Plainfield Police Pension Fund pension plan actuarial valuation reports. There were changes in assumptions related to the discount rate and health care trend rate in 2020.In addition,the decrements were changed to those in the most recent IMRF and Plainfield Police Pension Fund pension plan actuarial valuation reports. There were changes in assumptions related to the discount rate and health care trend rate in 2021.In addition,the decrements were changed to those in the most recent IMRF and Plainfield Police Pension Fund pension plan actuarial valuation reports. There were changes in assumptions related to the discount rate,health care trend rate,and inflation rate in 2022.In addition,the decrements were changed to those in the most recent IMRF and Plainfield Police Pension Fund pension plan actuarial valuation reports. (See independent auditor's report.) - 69 - FISCAL YEAR ENDED APRIL 30,2015 2016 2017 2018 2019 2020 2021 2022 Annual money-weighted rate of return, net of investment expense 6.64%(0.29%)8.93%7.21%5.18%1.49%23.12%(7.70%) Notes to Required Supplementary Information VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF INVESTMENT RETURNS POLICE PENSION FUND Last Eight Fiscal Years Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled, information will be presented for as many years as is available. (See independent auditor's report.) - 70 - - 47 - VILLAGE OF PLAINFIELD, ILLINOIS NOTES TO REQUIRED SUPPLEMENTARY INFORMATION April 30, 2022 1. BUDGETS Budgets are adopted on a basis consistent with GAAP. Annual appropriated budgets are adopted (at the fund level) for the General, Special Revenue, Debt Service, Capital Projects, Enterprise, and Police Pension Trust Funds. The annual appropriated budget is legally enacted and provides for a legal level of control at the fund level. All annual appropriations lapse at fiscal year end. The Village follows these procedures in establishing the budgetary data reflected in the financial statements. a. Prior to May 1, the Budget Officer submits to the Village Board of Trustees a proposed operating budget for the fiscal year commencing the following May 1. The operating budget includes proposed expenditures and the means of financing them. b. Public hearings are conducted to obtain taxpayer comment. c. Prior to May 1, the budget is legally enacted through passage of a budget ordinance. d. The Budget Officer is authorized to transfer budgeted amounts between departments within any fund; however, the Village Board of Trustees approves any revisions that alter the total expenditures of any fund. The budgetary information presented in the accompanying financial statements is the legally enacted budget ordinance adjusted for the approved revisions. 2. EXPENDITURES OVER BUDGET OF INDIVIDUAL FUNDS The following governmental funds had expenditures that exceeded budget: Fund Budget Expenditures Debt Service $ 2,996,349 $ 3,024,633 Liability Insurance 510,336 593,237 Audit 42,000 42,550 Downtown TIF 1,040,000 2,109,178 Route 30 TIF 7,500 57,029 - 71 - COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES MAJOR GOVERNMENTAL FUNDS VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES - BUDGET AND ACTUAL GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual TAXES Property taxes 4,518,780$ 4,518,780$ 4,593,107$ Property tax - police pension 1,700,000 1,700,000 1,697,212 Property taxes - road and bridge 380,000 380,000 400,655 Property taxes - IMRF 550,000 550,000 549,910 Hotel/motel tax 800 800 1,960 Amusement tax 7,000 7,000 5,746 Local motor fuel tax 1,000,000 1,000,000 1,258,062 Total taxes 8,156,580 8,156,580 8,506,652 LICENSES AND PERMITS Licenses Liquor 100,000 100,000 121,183 Contractors 45,000 45,000 50,100 Cigarette 6,000 6,000 5,500 Scavenger 200 200 50 Business 40,000 40,000 43,963 Total licenses 191,200 191,200 220,796 Permits Building 1,175,000 1,175,000 1,846,761 Sign 5,000 5,000 4,731 Special movement 15,000 15,000 55,430 Solicitors 2,000 2,000 1,845 Total permits 1,197,000 1,197,000 1,908,767 Total licenses and permits 1,388,200 1,388,200 2,129,563 INTERGOVERNMENTAL Grant revenue 35,750 35,750 81,261 Personal property replacement tax 55,000 55,000 139,552 Sales tax 6,550,000 6,550,000 8,801,385 Use tax 1,550,000 1,550,000 1,732,695 Income tax 4,100,000 4,100,000 6,015,389 Total intergovernmental 12,290,750 12,290,750 16,770,282 CHARGES FOR SERVICES Rental income 49,200 49,200 49,200 Zoning applications 15,000 15,000 28,344 Accident report copies 5,000 5,000 8,650 Maps and ordinances copies 2,000 2,000 2,199 Garbage fees 4,875,000 4,875,000 4,958,060 Engineering services 5,000 5,000 - (This schedule is continued on the following page.) - 72 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual CHARGES FOR SERVICES (Continued) Special detail reimbursement 75,000$ 75,000$ 115,813$ Tower rent 46,000 46,000 46,240 Telephone franchise fee 120,000 120,000 93,686 Cable franchise fee 475,000 475,000 511,952 Amphitheater rent 500 500 250 School liaison reimbursement 395,000 395,000 468,154 HIDTA/organized crime reimbursement 10,000 10,000 17,386 Community room rental 4,000 4,000 475 Sex offenders registration - - 650 Parking lot revenues 2,000 2,000 5,346 Impound fees 25,000 25,000 24,750 Total charges for services 6,103,700 6,103,700 6,331,155 FINES AND FORFEITS Will County Circuit Court fines 325,000 325,000 388,600 Kendall County Circuit Court fines 3,000 3,000 4,594 Traffic and ordinance fines 125,000 125,000 110,025 Drug forfeiture 225,000 225,000 51,871 False alarm fees 1,000 1,000 (600) Administrative fines - late fees 9,000 9,000 6,595 Asset seizure - federal (Department of Justice equitable sharing)5,000 5,000 1,755 Asset seizure - federal (U.S. Treasury equitable sharing)1,000 1,000 - Court fines - drug account - - 1,274 Total fines and forfeits 694,000 694,000 564,114 INVESTMENT INCOME 41,758 41,758 (91,661) MISCELLANEOUS Other reimbursements 90,000 90,000 194,732 Other receipts 25,000 25,000 25,047 PEMA donation - - 5,364 Miscellaneous donations 15,000 15,000 8,534 Event sponsorship program 3,000 3,000 - Total miscellaneous 133,000 133,000 233,677 TOTAL REVENUES 28,807,988$ 28,807,988$ 34,443,782$ (See independent auditor's report.) - 73 - SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual GENERAL GOVERNMENT Legislative 895,230$ 895,230$ 1,275,816$ Administration 932,085 932,085 945,946 Community relations 201,000 201,000 182,557 Facility management 174,600 174,600 170,604 Human resources 319,100 319,100 310,407 Information technology 1,160,520 1,160,520 1,076,052 Legal program 514,510 514,510 498,297 Planning 676,050 676,050 588,910 Building 1,022,800 1,022,800 1,036,704 Subtotal 5,895,895 5,895,895 6,085,293 Insurance allocation - - (24,418) Total general government 5,895,895 5,895,895 6,060,875 PUBLIC SAFETY Police department Executive 654,089 654,089 592,826 Police operations 8,303,140 8,303,140 8,058,571 Police administration 2,966,682 2,966,682 2,693,316 Seizure/forfeiture 225,000 225,000 70,599 Police special activities 35,000 35,000 82,886 Support services 1,854,586 1,854,586 1,625,058 Nondivisional 120,000 120,000 37,158 Total police department 14,158,497 14,158,497 13,160,414 Police commission 31,521 31,521 21,689 PEMA 142,575 142,575 67,090 Subtotal 14,332,593 14,332,593 13,249,193 Insurance allocation - - (49,908) Total public safety 14,332,593 14,332,593 13,199,285 VILLAGE OF PLAINFIELD, ILLINOIS (This schedule is continued on the following page.) - 74 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual HIGHWAYS AND STREETS Waste hauler 4,480,000$ 4,480,000$ 4,561,774$ Administration 651,900 651,900 620,590 Street maintenance 3,198,600 3,198,600 3,171,802 Vehicle maintenance 281,100 281,100 262,098 Forestry 194,900 194,900 207,965 Subtotal 8,806,500 8,806,500 8,824,229 Insurance allocation - - (13,928) Total highways and streets 8,806,500 8,806,500 8,810,301 TOTAL EXPENDITURES 29,034,988$ 29,034,988$ 28,070,461$ (See independent auditor's report.) - 75 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual GENERAL GOVERNMENT Legislative Salaries - President 24,000$ 24,000$ 24,000$ Salaries - Elected Officials 25,000 25,000 25,800 Salaries - Liquor Commission 1,500 1,500 1,500 Salaries - Village Treasurer 2,500 2,500 2,500 FICA 3,300 3,300 3,336 Medicare 780 780 780 Employee insurance 150 150 8 Travel/training 10,000 10,000 - Replacement equipment 3,000 3,000 2,684 Dues and subscriptions 50,000 50,000 52,710 Public relations 115,000 115,000 105,690 Cable TV 10,000 10,000 - Economic incentive rebate 650,000 650,000 1,056,808 Total legislative 895,230 895,230 1,275,816 Administration Salaries - full-time 675,000 675,000 678,916 Salaries - part-time 75,000 75,000 75,283 Salaries - overtime 2,000 2,000 1,158 FICA 45,000 45,000 44,578 Medicare 10,500 10,500 10,842 IMRF 80,000 80,000 78,435 Employee insurance 90,000 90,000 99,570 Deferred compensation contribution 25,000 25,000 16,635 Travel/training 12,000 12,000 2,311 Unemployment insurance 5,000 5,000 4,303 Telephone/internet 12,085 12,085 6,101 Cellular phones/pagers 2,500 2,500 3,361 Dues and subscriptions 5,000 5,000 1,549 Office supplies/postage 32,000 32,000 34,062 Gas, oil, wash, and mileage 9,500 9,500 3,143 Maintenance contract/lease 8,000 8,000 1,998 Recording fees 1,000 1,000 509 Legal notices 2,500 2,500 1,051 Attorney legal fees 80,000 80,000 106,052 Contractual services 65,000 65,000 117,081 Office furniture and equipment 5,000 5,000 1,632 Contingencies 40,000 40,000 7,376 Subtotal administration 1,282,085 1,282,085 1,295,946 Less water and sewer reimbursement (350,000) (350,000) (350,000) Total administration 932,085 932,085 945,946 (This schedule is continued on the following pages.) - 76 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual GENERAL GOVERNMENT (Continued) Community relations Salaries - full-time 111,000$ 111,000$ 108,659$ FICA 6,800 6,800 6,513 Medicare 1,600 1,600 1,523 IMRF 12,100 12,100 11,510 Employee insurance 25,000 25,000 25,377 Deferred compensation contribution 4,000 4,000 3,783 Travel/training 1,500 1,500 35 Telephone/internet 750 750 384 Public relations 28,000 28,000 15,522 Office supplies/postage 300 300 22 Dues and subscriptions 850 850 604 Gas, oil, wash, and mileage 100 100 - Marketing and promotion 1,000 1,000 - Settler's Park 4,000 4,000 4,825 Contractual services 4,000 4,000 3,800 Total community relations 201,000 201,000 182,557 Facility management Salaries - full-time 55,000 55,000 55,226 Salaries - overtime 4,500 4,500 4,729 FICA 3,700 3,700 3,594 Medicare 900 900 841 IMRF 6,500 6,500 6,266 Building maintenance supplies 15,000 15,000 9,581 Deferred compensation contribution 1,000 1,000 1,229 Contractual services 45,000 45,000 73,570 Employee insurance 18,000 18,000 13,899 Building improvements 25,000 25,000 1,669 Total facility management 174,600 174,600 170,604 Human resources Salaries - full-time 190,000 190,000 196,717 Salaries - overtime 500 500 - FICA 12,000 12,000 11,810 Medicare 2,800 2,800 2,762 IMRF 21,000 21,000 20,806 Employee insurance 45,000 45,000 43,435 Deferred compensation contribution 8,000 8,000 7,042 Travel/training 6,500 6,500 383 Telephone/internet 1,000 1,000 514 Cellular telephone/pager 600 600 466 Office supplies/postage 1,500 1,500 1,424 Dues and subscriptions 9,000 9,000 9,563 Gas, oil, wash, and mileage 1,200 1,200 - Public relations 12,000 12,000 8,597 Contractual services 8,000 8,000 6,888 Total human resources 319,100 319,100 310,407 (This schedule is continued on the following pages.) - 77 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual GENERAL GOVERNMENT (Continued) Information technology Salaries - full-time 368,000$ 368,000$ 332,536$ Salaries - overtime 500 500 - FICA 23,000 23,000 19,562 Medicare 5,400 5,400 4,575 IMRF 40,500 40,500 34,516 Employee insurance 81,000 81,000 94,994 Deferred compensation contribution 6,000 6,000 5,100 Travel/training 17,000 17,000 1,665 Telephone/internet 500 500 257 Cellular telephone/pagers 4,170 4,170 2,674 Office supplies/postage 1,750 1,750 909 Dues and subscriptions 800 800 564 Gas, oil, wash, and mileage 400 400 - Uniforms/clothing 800 800 289 Software licensing/renewals 436,700 436,700 455,314 Software 78,500 78,500 54,827 Contractual services 55,500 55,500 29,115 Computers 40,000 40,000 39,155 Total information technology 1,160,520 1,160,520 1,076,052 Legal program Salaries - full-time 292,000 292,000 291,810 Salaries - part-time 35,000 35,000 25,971 Salaries - overtime 1,000 1,000 - FICA 20,300 20,300 18,952 Medicare 4,750 4,750 4,538 IMRF 36,000 36,000 34,019 Employee insurance 68,000 68,000 65,032 Deferred compensation contribution 8,000 8,000 9,496 Travel/training 3,000 3,000 226 Telephone/internet 1,000 1,000 515 Cellular phones/pager 700 700 764 Office supplies/postage 10,000 10,000 6,600 Dues and subscriptions 10,500 10,500 11,667 Gas, oil, wash, and mileage 500 500 1,135 Uniforms/clothing 600 600 598 Maintenance contract/lease 2,160 2,160 2,931 Vehicle maintenance 1,000 1,000 3,731 Legal fees 20,000 20,000 20,312 Total legal program 514,510 514,510 498,297 Planning Salaries - full-time 389,000 389,000 369,103 Compensation - plan commission 6,500 6,500 5,550 Salaries - overtime 2,000 2,000 177 FICA 25,000 25,000 22,860 Medicare 5,800 5,800 5,346 (This schedule is continued on the following pages.) - 78 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual GENERAL GOVERNMENT (Continued) Planning (Continued) IMRF 43,000$ 43,000$ 39,109$ Employee insurance 93,000 93,000 80,653 Deferred compensation contribution 8,500 8,500 5,663 Travel/training 8,000 8,000 3,427 Unemployment insurance 1,000 1,000 962 Telephone/internet 3,000 3,000 1,541 Cellular phones/pagers 1,500 1,500 932 Office supplies/postage 12,000 12,000 9,310 Dues and subscriptions 5,000 5,000 4,837 Gas, oil, wash, and mileage 750 750 40 Maintenance contract/lease 2,000 2,000 1,878 Vehicle maintenance 1,000 1,000 - Legal fees 14,000 14,000 11,585 Special projects/programs 15,000 15,000 - Contractual services 30,000 30,000 10,401 Engineer fees 10,000 10,000 15,536 Total planning 676,050 676,050 588,910 Building Salaries - full-time 655,000 655,000 679,395 Salaries - overtime 3,000 3,000 2,270 FICA 41,000 41,000 40,832 Medicare 9,800 9,800 9,549 IMRF 73,000 73,000 71,294 Employee insurance 178,000 178,000 168,199 Deferred compensation contribution 15,000 15,000 10,015 Travel/training 12,000 12,000 6,843 Unemployment insurance 1,500 1,500 1,696 Telephone/internet 1,000 1,000 514 Cellular phones/pagers 4,500 4,500 3,830 Office supplies/postage 10,000 10,000 8,107 Dues and subscriptions 3,000 3,000 546 Gas, oil, wash, and mileage 1,000 1,000 - Uniforms/clothing 1,000 1,000 1,570 Recording fees 3,000 3,000 2,501 Vehicle maintenance 1,000 1,000 - Contractual services 10,000 10,000 29,543 Total building 1,022,800 1,022,800 1,036,704 Subtotal 5,895,895 5,895,895 6,085,293 Insurance allocation - - (24,418) Total general government 5,895,895 5,895,895 6,060,875 (This schedule is continued on the following pages.) - 79 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual PUBLIC SAFETY Police department Executive Salaries - full-time 345,063$ 345,063$ 335,089$ Salaries - part-time 34,944 34,944 15,622 Salaries - overtime 1,000 1,000 649 FICA 23,622 23,622 20,364 Medicare 5,525 5,525 4,958 IMRF 25,576 25,576 20,032 Employee insurance 72,800 72,800 63,500 Deferred compensation contribution 8,000 8,000 6,455 Travel/training 7,000 7,000 886 Education/school 3,000 3,000 3,000 Unemployment insurance 20,000 20,000 20,663 Telephone/internet 1,100 1,100 534 Cellular phones/pagers 1,200 1,200 466 Office supplies/postage 8,000 8,000 7,025 Replacement supplies 4,550 4,550 1,562 Dues and subscriptions 5,000 5,000 4,841 Gas, oil, wash, and mileage 3,700 3,700 2,219 Uniforms/clothing 1,800 1,800 1,240 Maintenance contract/lease 6,709 6,709 5,911 Custodian 65,000 65,000 68,030 Vehicle equipment maintenance 2,500 2,500 1,347 Contractual services 8,000 8,000 7,893 Sex offender's registration fee - - 540 Total executive 654,089 654,089 592,826 Police operations Salaries - full-time 4,262,309 4,262,309 4,079,432 Salaries - overtime 250,000 250,000 194,310 FICA 279,763 279,763 254,949 Medicare 65,428 65,428 59,931 IMRF 14,550 14,550 13,460 Police pension contribution 1,700,000 1,700,000 1,697,212 Employee insurance 665,615 665,615 679,629 Deferred compensation contribution 125,000 125,000 123,913 Travel/training 41,000 41,000 41,655 Telephone/insurance 12,160 12,160 44,867 Cellular phones/pagers 23,300 23,300 4,079 Office supplies/postage 13,500 13,500 9,183 Replacement supplies 17,000 17,000 18,482 Dues and subscriptions 3,900 3,900 2,458 Gas, oil, wash, and mileage 61,000 61,000 89,090 Uniforms/clothing 43,150 43,150 32,088 Ammunition/weapons 28,000 28,000 29,795 Radio maintenance 2,000 2,000 - (This schedule is continued on the following pages.) - 80 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual PUBLIC SAFETY (Continued) Police department (Continued) Police operations (Continued) Maintenance contracts/lease 15,995$ 15,995$ 13,899$ Bike unit 3,500 3,500 - Vehicle maintenance 46,970 46,970 49,182 Contractual services 16,000 16,000 14,514 Contractual services - WESCOM 608,000 608,000 605,468 Community Programs- explorer program 5,000 5,000 975 Total police operations 8,303,140 8,303,140 8,058,571 Police administration Salaries - full-time 2,009,633 2,009,633 1,807,819 Salaries - overtime 134,500 134,500 163,383 FICA 132,936 132,936 119,103 Medicare 31,090 31,090 28,078 IMRF 15,212 15,212 13,630 Employee insurance 358,181 358,181 309,882 Deferred compensation contribution 55,000 55,000 59,790 Travel/training 32,460 32,460 19,344 Telephone/internet 1,110 1,110 542 Cellular phones/pagers 19,800 19,800 9,742 Office supplies/postage 5,500 5,500 3,291 Replacement supplies 14,400 14,400 13,947 Dues and subscriptions 5,220 5,220 5,331 Gas, oil, wash, and mileage 30,000 30,000 35,709 Uniforms/clothing 13,000 13,000 14,678 Crime scene/evidence tech support 12,400 12,400 9,299 Radio maintenance 31,000 31,000 18,946 Maintenance contract/lease 4,920 4,920 2,642 Vehicle maintenance 31,820 31,820 28,561 Background check services 2,500 2,500 2,405 DARE Program 5,000 5,000 2,604 Shop with a cop 10,000 10,000 15,818 Community programs 8,500 8,500 8,578 Community program- alcohol/tobacco 2,500 2,500 194 Total community services 2,966,682 2,966,682 2,693,316 Seizure/forfeiture Seizure/forfeiture expenditures 225,000 225,000 70,599 Police special activities FICA 2,016 2,016 4,626 Medicare 471 471 1,105 Salaries - special activities 32,513 32,513 77,155 Total police special activities 35,000 35,000 82,886 (This schedule is continued on the following pages.) - 81 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual PUBLIC SAFETY (Continued) Police department (Continued) Support services Salaries - full-time 984,456$ 984,456$ 891,580$ Salaries - part-time 303,600 303,600 259,167 Salaries - overtime 56,000 56,000 44,335 FICA 83,331 83,331 72,628 Medicare 19,489 19,489 17,089 IMRF 70,031 70,031 55,627 Employee insurance 147,139 147,139 138,009 Deferred compensation contribution 40,000 40,000 23,276 Travel/training 10,760 10,760 7,998 Telephone/internet 2,200 2,200 1,074 Cellular phones/pagers 5,220 5,220 2,394 Office supplies/postage 13,750 13,750 8,991 Replacement supplies 8,200 8,200 8,750 Dues and subscriptions 1,650 1,650 918 Gas, oil, wash, and mileage 22,000 22,000 24,858 Uniform/clothing 11,200 11,200 16,395 Radio maintenance 500 500 161 Maintenance contracts/lease 7,660 7,660 5,445 Vehicle maintenance 21,500 21,500 22,993 Chaplaincy program 3,000 3,000 1,566 Animal control 9,000 9,000 1,714 Accreditation 8,000 8,000 4,595 Traffic program 25,900 25,900 15,495 Total support services 1,854,586 1,854,586 1,625,058 Nondivisional Office furniture and equipment 8,000 8,000 2,026 Capital equipment 100,000 100,000 22,576 PEMA Fundraising - - 1,349 Contingencies 12,000 12,000 11,207 Total nondivisional 120,000 120,000 37,158 Total police department 14,158,497 14,158,497 13,160,414 Police commission Salaries - part-time 6,500 6,500 3,948 FICA 341 341 256 Medicare 80 80 60 Travel/training 1,000 1,000 1,542 Office supplies/postage 2,000 2,000 166 Dues and subscriptions 600 600 375 Legal fees 1,000 1,000 - Police test/hiring 20,000 20,000 15,342 Total police commission 31,521 31,521 21,689 (This schedule is continued on the following pages.) - 82 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual PUBLIC SAFETY (Continued) PEMA Travel/training 4,000$ 4,000$ -$ Telephone/internet 7,250 7,250 7,928 Office supplies 1,000 1,000 2,860 Cellular phones/pager 875 875 595 Replacement supplies 6,000 6,000 6,815 Dues and subscriptions 4,000 4,000 2,515 Gas, oil, wash, and mileage 8,000 8,000 1,504 Supplies and hardware 2,000 2,000 1,449 Uniforms/clothing 6,000 6,000 4,313 Emergency operation center 1,000 1,000 - Public relations 3,000 3,000 - Disaster plan/exercises/NIMS 3,000 3,000 213 Radio maintenance 16,000 16,000 6,950 Building maintenance 20,000 20,000 3,741 Vehicle maintenance 20,000 20,000 8,214 Maintenance contract/lease 1,200 1,200 1,798 Bike unit 1,500 1,500 - Siren maintenance 13,000 13,000 8,469 Contractual services 5,250 5,250 - Cadet program 4,500 4,500 - Search and rescue 3,000 3,000 3,275 Furniture/equipment 2,000 2,000 788 Supplies and hardware - ESDA 2,000 2,000 - Machinery and equipment 5,000 5,000 4,657 Contingencies 3,000 3,000 1,006 Total PEMA 142,575 142,575 67,090 Subtotal 14,332,593 14,332,593 13,249,193 Insurance allocation - - (49,908) Total public safety 14,332,593 14,332,593 13,199,285 HIGHWAYS AND STREETS Waste hauler Refuse hauler fees 4,480,000 4,480,000 4,561,774 Total waste hauler 4,480,000 4,480,000 4,561,774 Administration Salaries - full-time 400,000 400,000 382,643 FICA 24,800 24,800 23,046 Medicare 5,800 5,800 5,503 IMRF 44,000 44,000 41,046 Employee insurance 89,000 89,000 87,357 Deferred compensation contribution 10,500 10,500 5,949 Travel/training 10,000 10,000 15,114 (This schedule is continued on the following pages.) - 83 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual HIGHWAYS AND STREETS (Continued) Administration (Continued) Unemployment insurance 4,500$ 4,500$ 4,659$ Telephone/internet 25,000 25,000 17,483 Cellular phones/pagers 8,500 8,500 6,181 Office supplies/postage 5,000 5,000 4,732 Dues and subscriptions 3,000 3,000 2,330 Supplies/hardware 500 500 - Gas, oil, wash, and mileage 300 300 97 Building maintenance 20,000 20,000 23,245 Legal notices 1,000 1,000 1,205 Total administration 651,900 651,900 620,590 Street maintenance Salaries - full-time 875,000 875,000 872,519 Salaries - part-time - - 1,596 Salaries - overtime 80,000 80,000 97,330 FICA 59,500 59,500 58,119 Medicare 14,000 14,000 13,592 IMRF 105,100 105,100 100,899 Employee insurance 226,000 226,000 203,716 Deferred compensation contribution 25,000 25,000 22,457 Electricity/gas 210,000 210,000 177,983 Gas, oil, wash, and mileage 65,000 65,000 71,645 Supplies/hardware 15,000 15,000 16,505 Street signs maintenance 65,000 65,000 38,032 Aggregate materials 4,000 4,000 4,857 Uniforms/clothing 10,000 10,000 10,941 Radio maintenance 5,000 5,000 2,574 Vehicle maintenance 35,000 35,000 47,110 Street light maintenance 125,000 125,000 180,004 Street maintenance 165,000 165,000 104,253 Storm sewer improvements 20,000 20,000 10,740 Contractual services 190,000 190,000 187,179 Sidewalk maintenance 5,000 5,000 3,185 Equipment maintenance 100,000 100,000 106,499 Supplies/hardware - salt purchase 325,000 325,000 310,233 Snow removal 475,000 475,000 529,834 Total street maintenance 3,198,600 3,198,600 3,171,802 Vehicle maintenance Salaries - full-time 195,000 195,000 188,794 Salaries - overtime 8,000 8,000 6,831 FICA 12,600 12,600 11,962 Medicare 3,000 3,000 2,798 IMRF 22,500 22,500 20,331 Employee insurance 35,000 35,000 27,161 Deferred compensation contribution 5,000 5,000 4,221 Total vehicle maintenance 281,100 281,100 262,098 (This schedule is continued on the following page.) - 84 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES - BUDGET AND ACTUAL (Continued) GENERAL FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual HIGHWAYS AND STREETS (Continued) Forestry Salaries - full-time 85,000$ 85,000$ 84,707$ Salaries - overtime 8,000 8,000 10,317 FICA 6,000 6,000 5,877 Medicare 1,400 1,400 1,375 IMRF 10,500 10,500 10,111 Employee insurance 15,000 15,000 14,156 Deferred compensation contribution 3,500 3,500 3,061 Supplies/hardware 10,000 10,000 13,839 Contractual services 25,000 25,000 26,823 Tree removal 30,000 30,000 37,700 Uniforms/clothing 500 500 - Total forestry 194,900 194,900 207,965 Subtotal 8,806,500 8,806,500 8,824,229 Insurance allocation - - (13,928) Total highways and streets 8,806,500 8,806,500 8,810,301 TOTAL EXPENDITURES 29,034,988$ 29,034,988$ 28,070,461 (See independent auditor's report.) - 85 - CAPITAL PROJECTS FUND Original Final Budget Budget Actual REVENUES Home rule sales tax 4,050,000$ 4,050,000$ 5,988,612$ Intergovernmental 10,385,000 10,385,000 6,244,302 Charges for services Impact fee 88,000 88,000 268,858 Fines and forfeits 373,000 373,000 428,017 Investment income 50,000 50,000 6,422 Miscellaneous 1,100,000 1,100,000 157,599 Total revenues 16,046,000 16,046,000 13,093,810 EXPENDITURES Capital outlay Contractual services 110,000 110,000 110,704 Engineering 75,000 75,000 106,759 Building improvements 525,000 525,000 701,099 Sidewalk and curb replacement 875,000 875,000 257,068 Machinery and equipment - police 225,000 225,000 416,406 Machinery and equipment - public works 325,000 325,000 171,643 Bridge repairs and reconstructions 510,000 510,000 189,325 Roadway improvements 2,500,000 2,500,000 1,565,290 Storm and drainage improvements 40,000 40,000 18,463 I-55 interchange design 50,000 50,000 856 Renwick Corridor 370,000 370,000 - 127th Street-Plainfield/Naperville Rd.175,000 175,000 47,522 143rd Street expansion 17,550,000 17,550,000 3,531,750 PCI Pavement Inspection 100,000 100,000 - Pond drainage 40,000 40,000 - Beautification improvements 100,000 100,000 77,553 Economic incentive rebate 250,000 250,000 693,999 Transportation plan 150,000 150,000 4,374 Total expenditures 23,970,000 23,970,000 7,892,811 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES (7,924,000) (7,924,000) 5,200,999 OTHER FINANCING SOURCES (USES) Transfers in - - 6,002,811 Transfers (out)(2,060,600) (2,060,600) (2,058,885) Sale of capital assets 5,000 5,000 69,363 Total other financing sources (uses)(2,055,600) (2,055,600) 4,013,289 NET CHANGE IN FUND BALANCE (9,979,600)$ (9,979,600)$ 9,214,288 FUND BALANCE, MAY 1 19,106,071 FUND BALANCE, APRIL 30 28,320,359$ For the Year Ended April 30, 2022 VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (See independent auditor's report.) - 86 - NONMAJOR GOVERNMENTAL FUNDS Special Revenue Funds are used to account for the proceeds of specific revenue sources that are restricted or committed to expenditures for specified purposes. Liability Insurance Fund - accounts for the restricted revenue and expenditures of property tax levied for the payment of premiums of public liability insurance carried by the Village. Audit Fund - accounts for the restricted revenue and expenditures of taxes levied for payment of the cost of the annual audit of the Village’s financial statements. Alcohol Enforcement Fund - accounts for restricted revenue collected on DUI arrests and expenditures for the purchase of video cameras to combat drunk driving. Motor Fuel Tax Fund - accounts for expenditures related to approved motor fuel tax projects and restricted revenue from the state gasoline tax as collected and distributed by the State of Illinois. D.A.R.E. Fund - accounts for the revenue and expenditures of restricted contributions made to the Drug Abuse Resistance Education (D.A.R.E.) program. Downtown TIF Fund - accounts for restricted revenue generated by the Downtown TIF District and expenditures budgeted to be paid with TIF revenue. Route 30 TIF Fund - accounts for restricted revenue generated by the Route 30 TIF District and expenditures budgeted to be paid with TIF revenue. Debt Service Fund – accounts for the accumulation of resources for, and the payment of, bond principal, interest, and related costs. VILLAGE OF PLAINFIELD, ILLINOIS COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS April 30, 2022 Liability Alcohol Insurance Audit Enforcement ASSETS AND DEFERRED OUTFLOWS OF RESOURCES ASSETS Cash and investments 323$ 7,582$ 22,838$ Receivables Property tax 672,472 50,416 - Allotments - - - Other - - 1,166 Total assets 672,795 57,998 24,004 DEFERRED OUTFLOWS OF RESOURCES None - - - TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES 672,795$ 57,998$ 24,004$ LIABILITIES Accounts payable 1,084$ -$ -$ Total liabilities 1,084 - - DEFERRED INFLOWS OF RESOURCES Unavailable property tax revenue 672,472 50,416 - Total liabilities and deferred inflows of resources 673,556 50,416 - FUND BALANCES Restricted Street maintenance - - - Public safety - - 24,004 Audit - 7,582 - Liability insurance - - - Economic development - - - Unassigned (deficit)(761) - - Total fund balances (deficit)(761) 7,582 24,004 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES 672,795$ 57,998$ 24,004$ Special Revenue OF RESOURCES, AND FUND BALANCES LIABILITIES, DEFERRED INFLOWS - 87 - Motor Downtown Route 30 Debt Fuel Tax D.A.R.E.TIF Fund TIF Fund Service Total 5,438,160$ 10,773$ 377,611$ 71,401$ -$ 5,928,688$ - - 747,514 639,898 - 2,110,300 132,819 - - - - 132,819 - - - - - 1,166 5,570,979 10,773 1,125,125 711,299 - 8,172,973 - - - - - - 5,570,979$ 10,773$ 1,125,125$ 711,299$ -$ 8,172,973$ 228$ 460$ 610,528$ -$ -$ 612,300$ 228 460 610,528 - - 612,300 - - 747,514 639,898 - 2,110,300 228 460 1,358,042 639,898 - 2,722,600 5,570,751 - - - - 5,570,751 - 10,313 - - - 34,317 - - - - - 7,582 - - - - - - - - - 71,401 - 71,401 - - (232,917) - - (233,678) 5,570,751 10,313 (232,917) 71,401 - 5,450,373 5,570,979$ 10,773$ 1,125,125$ 711,299$ -$ 8,172,973$ Special Revenue (See independent auditor's report.) - 88 - VILLAGE OF PLAINFIELD, ILLINOIS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS For the Year Ended April 30, 2022 Liability Alcohol Insurance Audit Enforcement REVENUES Taxes 349,689$ 40,353$ -$ Intergovernmental - - - Fines and forfeits - - 19,872 Investment income - - - Miscellaneous - - - Total revenues 349,689 40,353 19,872 EXPENDITURES Current General government 138,121 42,550 - Public safety 376,464 - - Highways and streets 78,652 - - Debt service Principal - - - Interest and fiscal charges - - - Total expenditures 593,237 42,550 - EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES (243,548) (2,197) 19,872 OTHER FINANCING SOURCES (USES) Transfers in - - - Transfers (out)- - (25,000) Refunding bonds issued - - - Payment to escrow agent - - - Total other financing sources (uses)- - (25,000) NET CHANGE IN FUND BALANCES (243,548) (2,197) (5,128) FUND BALANCES, MAY 1 242,787 9,779 29,132 FUND BALANCES (DEFICIT), APRIL 30 (761)$ 7,582$ 24,004$ Special Revenue - 89 - Motor Downtown Route 30 Debt Fuel Tax D.A.R.E.TIF Fund TIF Fund Service Total -$ -$ 757,116$ 121,715$ -$ 1,268,873$ 2,611,990 - - - - 2,611,990 - - - - - 19,872 4,566 12 - - - 4,578 - 11,712 - - - 11,712 2,616,556 11,724 757,116 121,715 - 3,917,025 - - 2,109,178 57,029 - 2,346,878 - 4,958 - - - 381,422 1,665,386 - - - - 1,744,038 - - - - 2,670,000 2,670,000 - - - - 354,750 354,750 1,665,386 4,958 2,109,178 57,029 3,024,750 7,497,088 951,170 6,766 (1,352,062) 64,686 (3,024,750) (3,580,063) - - - - 2,994,633 2,994,633 - - - - - (25,000) - - - - 2,385,000 2,385,000 - - - - (2,355,000) (2,355,000) - - - - 3,024,633 2,999,633 951,170 6,766 (1,352,062) 64,686 (117) (580,430) 4,619,581 3,547 1,119,145 6,715 117 6,030,803 5,570,751$ 10,313$ (232,917)$ 71,401$ -$ 5,450,373$ Special Revenue (See independent auditor's report.) - 90 - Original Final Budget Budget Actual REVENUES Taxes Property tax 350,000$ 350,000$ 349,689$ Investment income 1,000 1,000 - Total revenues 351,000 351,000 349,689 EXPENDITURES General government Treasurer bond 336 336 336 Commercial umbrella liability insurance 65,069 65,069 81,899 Workman's compensation insurance 53,450 53,450 55,886 Public safety Commercial umbrella liability insurance 177,787 177,787 223,770 Workman's compensation insurance 146,039 146,039 152,694 Highways and streets Commercial umbrella liability insurance 37,144 37,144 46,751 Workman's compensation insurance 30,511 30,511 31,901 Total expenditures 510,336 510,336 593,237 NET CHANGE IN FUND BALANCE (159,336)$ (159,336)$ (243,548) FUND BALANCE, MAY 1 242,787 FUND BALANCE (DEFICIT), APRIL 30 (761)$ For the Year Ended April 30, 2022 VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL LIABILITY INSURANCE FUND (See independent auditor's report.) - 91 - Original Final Budget Budget Actual REVENUES Taxes Property tax 40,000$ 40,000$ 40,353$ Investment income 500 500 - Total revenues 40,500 40,500 40,353 EXPENDITURES General government Audit 42,000 42,000 42,550 Total expenditures 42,000 42,000 42,550 NET CHANGE IN FUND BALANCE (1,500)$ (1,500)$ (2,197) FUND BALANCE, MAY 1 9,779 FUND BALANCE, APRIL 30 7,582$ For the Year Ended April 30, 2022 VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL AUDIT FUND (See independent auditor's report.) - 92 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL ALCOHOL ENFORCEMENT FUND For the Year Ended April 30, 2022 Final Original Budget Budget Actual REVENUES Fines and forfeits DUI proceeds 15,000$ 15,000$ 19,872$ Investment income 500 500 - Total revenues 15,500 15,500 19,872 EXPENDITURES None - - - Total expenditures - - - EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 15,500 15,500 19,872 OTHER FINANCING SOURCES (USES) Transfers (out)(25,000) (25,000) (25,000) Total other financing sources (uses)(25,000) (25,000) (25,000) NET CHANGE IN FUND BALANCE (9,500)$ (9,500)$ (5,128) FUND BALANCE, MAY 1 29,132 FUND BALANCE, APRIL 30 24,004$ (See independent auditor's report.) - 93 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL MOTOR FUEL TAX FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual REVENUES Intergovernmental State allotments 1,500,000$ 1,500,000$ 1,742,475$ Rebuild Illinois grant 870,000 870,000 869,515 Investment income 20,000 20,000 4,566 Total revenues 2,390,000 2,390,000 2,616,556 EXPENDITURES Highways and streets Street maintenance 2,000,000 2,000,000 1,665,386 Total expenditures 2,000,000 2,000,000 1,665,386 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 390,000 390,000 951,170 OTHER FINANCING SOURCES (USES) Transfers (out)(150,000) (150,000) - Total other financing sources (uses)(150,000) (150,000) - NET CHANGE IN FUND BALANCE 240,000$ 240,000$ 951,170 FUND BALANCE, MAY 1 4,619,581 FUND BALANCE, APRIL 30 5,570,751$ (See independent auditor's report.) - 94 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL D.A.R.E. FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual REVENUES Investment income 100$ 100$ 12$ Miscellaneous 20,000 20,000 11,712 Total revenues 20,100 20,100 11,724 EXPENDITURES Public safety Program expenditures 20,000 20,000 4,958 Total expenditures 20,000 20,000 4,958 NET CHANGE IN FUND BALANCE 100$ 100$ 6,766 FUND BALANCE, MAY 1 3,547 FUND BALANCE, APRIL 30 10,313$ (See independent auditor's report.) - 95 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DOWNTOWN TIF FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual REVENUES Taxes Property taxes 730,000$ 730,000$ 757,116$ Investment income 5,000 5,000 - Total revenues 735,000 735,000 757,116 EXPENDITURES General government Contractual services 1,000,000 1,000,000 2,109,178 Facade improvements 40,000 40,000 - Total expenditures 1,040,000 1,040,000 2,109,178 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES (305,000) (305,000) (1,352,062) OTHER FINANCING SOURCES (USES) Transfers (out)(50,000) (50,000) - Total other financing sources (uses)(50,000) (50,000) - NET CHANGE IN FUND BALANCE (355,000)$ (355,000)$ (1,352,062) FUND BALANCE, MAY 1 1,119,145 FUND BALANCE (DEFICIT), APRIL 30 (232,917)$ (See independent auditor's report.) - 96 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL ROUTE 30 TIF FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual REVENUES Taxes Property taxes 15,000$ 15,000$ 121,715$ Investment income 50 50 - Total revenues 15,050 15,050 121,715 EXPENDITURES General government Property tax rebates 7,500 7,500 57,029 Total expenditures 7,500 7,500 57,029 NET CHANGE IN FUND BALANCE 7,550$ 7,550$ 64,686 FUND BALANCE, MAY 1 6,715 FUND BALANCE, APRIL 30 71,401$ (See independent auditor's report.) - 97 - Original Final Budget Budget Actual REVENUES Investment income 3,000$ 3,000$ -$ Total revenues 3,000 3,000 - EXPENDITURES Debt service Principal 2,670,000 2,670,000 2,670,000 Interest and fiscal charges 326,349 326,349 354,750 Total expenditures 2,996,349 2,996,349 3,024,750 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES (2,993,349) (2,993,349) (3,024,750) OTHER FINANCING SOURCES (USES) Transfers in 2,996,349 2,996,349 2,994,633 Refunding bonds issued - - 2,385,000 Payment to escrow agent - - (2,355,000) Total other financing sources (uses)2,996,349 2,996,349 3,024,633 NET CHANGE IN FUND BALANCE 3,000$ 3,000$ (117) FUND BALANCE, MAY 1 117 FUND BALANCE, APRIL 30 -$ For the Year Ended April 30, 2022 VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND (See independent auditor's report.) - 98 - MAJOR ENTERPRISE FUND VILLAGE OF PLAINFIELD, ILLINOIS COMBINING SCHEDULE OF NET POSITION WATER AND SEWER DEPARTMENT ACCOUNTS April 30, 2022 Water and Sewer Capital Operations Projects Total CURRENT ASSETS Cash and investments 26,783,103$ 3,443,235$ 30,226,338$ Receivables Accounts 2,454,073 - 2,454,073 Sales tax 722,321 - 722,321 Other 2,826,405 - 2,826,405 Interest 214 3,129 3,343 Total current assets 32,786,116 3,446,364 36,232,480 CAPITAL ASSETS Nondepreciable 8,317,756 - 8,317,756 Depreciable, net of accumulated depreciation 101,936,674 - 101,936,674 Net capital assets 110,254,430 - 110,254,430 OTHER ASSETS Deposits 320,858 - 320,858 Net pension asset - IMRF 377,927 - 377,927 Total other assets 698,785 - 698,785 Total assets 143,739,331 3,446,364 147,185,695 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows of resources - IMRF 158,903 - 158,903 Deferred outflows of resources - OPEB 68,817 - 68,817 Asset retirement obligation 332,031 - 332,031 Unamortized loss on refundings 1,647,738 - 1,647,738 Total deferred outflows of resources 2,207,489 - 2,207,489 Total assets and deferred outflows of resources 145,946,820 3,446,364 149,393,184 (This schedule is continued on the following page.) - 99 - VILLAGE OF PLAINFIELD, ILLINOIS COMBINING SCHEDULE OF NET POSITION (Continued) WATER AND SEWER DEPARTMENT ACCOUNTS April 30, 2022 Water and Sewer Capital Operations Projects Total CURRENT LIABILITIES Accounts payable 3,940,698$ -$ 3,940,698$ Accrued payroll 22,143 - 22,143 Accrued interest 233,246 - 233,246 Unearned revenues 3,014,819 - 3,014,819 Compensated absences payable - current 64,179 - 64,179 Illinois EPA loan payable - current 256,806 - 256,806 Bonds payable - current 700,000 - 700,000 Total OPEB liability - current 7,420 - 7,420 Developer deposit 26,347 - 26,347 Total current liabilities 8,265,658 - 8,265,658 LONG-TERM LIABILITIES Compensated absences payable - long-term 10,235 - 10,235 Total OPEB liability 117,865 - 117,865 Illinois EPA loan payable - long-term 5,019,914 - 5,019,914 Asset retirement obligation 375,000 - 375,000 Bonds payable - long-term 11,558,051 - 11,558,051 Total long-term liabilities 17,081,065 - 17,081,065 Total liabilities 25,346,723 - 25,346,723 DEFERRED INFLOWS OF RESOURCES Deferred inflows of resources - IMRF 644,799 - 644,799 Deferred inflows of resources - OPEB 68,121 - 68,121 Total deferred inflows of resources 712,920 - 712,920 Total liabilities and deferred inflows of resources 26,059,643 - 26,059,643 NET POSITION Net investment in capital assets 94,367,397 - 94,367,397 Restricted for debt service 1,726,925 - 1,726,925 Unrestricted 23,792,855 3,446,364 27,239,219 TOTAL NET POSITION 119,887,177$ 3,446,364$ 123,333,541$ (See independent auditor's report.) - 100 - VILLAGE OF PLAINFIELD, ILLINOIS COMBINING SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION WATER AND SEWER DEPARTMENT ACCOUNTS For the Year Ended April 30, 2022 Water and Sewer Capital Operations Projects Eliminations Total OPERATING REVENUES Charges for services Customer sales 19,679,120$ -$ -$ 19,679,120$ Meter sales 232,195 - - 232,195 Total operating revenues 19,911,315 - - 19,911,315 OPERATING EXPENSES Water operations 12,784,597 - - 12,784,597 Sewer operations 2,276,658 - - 2,276,658 Depreciation 3,573,005 - - 3,573,005 Total operating expenses 18,634,260 - - 18,634,260 OPERATING INCOME 1,277,055 - - 1,277,055 NON-OPERATING REVENUES (EXPENSES) Home rule sales tax 2,993,857 - - 2,993,857 Miscellaneous income 246,383 - - 246,383 Connection fees 3,304,116 - - 3,304,116 Investment income (loss)(177,283) (6,552) - (183,835) Interest expense (526,091) - - (526,091) Total non-operating revenues (expenses)5,840,982 (6,552) - 5,834,430 INCOME BEFORE TRANSFERS AND CAPITAL CONTRIBUTIONS 7,118,037 (6,552) - 7,111,485 TRANSFERS (OUT)(935,748) - - (935,748) CAPITAL CONTRIBUTIONS 2,713,160 - - 2,713,160 CHANGE IN NET POSITION 8,895,449 (6,552) - 8,888,897 NET POSITION, MAY 1 110,991,728 3,452,916 - 114,444,644 NET POSITION, APRIL 30 119,887,177$ 3,446,364$ -$ 123,333,541$ (See independent auditor's report.) - 101 - VILLAGE OF PLAINFIELD, ILLINOIS COMBINING SCHEDULE OF CASH FLOWS WATER AND SEWER DEPARTMENT ACCOUNTS For the Year Ended April 30, 2022 Water and Sewer Capital Operations Projects Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 23,722,075$ -$ -$ 23,722,075$ Reimbursements to other funds (350,000) - - (350,000) Payments to suppliers (13,945,939) - - (13,945,939) Payments to employees (1,682,215) - - (1,682,215) Net cash from operating activities 7,743,921 - - 7,743,921 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers (out)(935,748) - - (935,748) Home rule sales tax 2,897,330 - - 2,897,330 Intergovernmental - grants 3,014,819 - - 3,014,819 Net cash from noncapital financing activities 4,976,401 - - 4,976,401 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets (3,412,778) - - (3,412,778) Principal payments on long-term debt (665,000) - - (665,000) Proceeds of long-term debt 605,944 - - 605,944 Interest paid (486,592) - - (486,592) Net cash from capital and related financing activities (3,958,426) - - (3,958,426) CASH FLOWS FROM INVESTING ACTIVITIES Sale (purchase) of investments 677,876 (450,227) - 227,649 Interest received 19,813 13,230 - 33,043 Net cash from investing activities 697,689 (436,997) - 260,692 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,459,585 (436,997) - 9,022,588 CASH AND CASH EQUIVALENTS, MAY 1 13,168,554 2,789,152 - 15,957,706 CASH AND CASH EQUIVALENTS, APRIL 30 22,628,139$ 2,352,155$ -$ 24,980,294$ (This schedule is continued on the following page.) - 102 - VILLAGE OF PLAINFIELD, ILLINOIS COMBINING SCHEDULE OF CASH FLOWS (Continued) WATER AND SEWER DEPARTMENT ACCOUNTS For the Year Ended April 30, 2022 Water and Sewer Capital Operations Projects Eliminations Total RECONCILIATION OF OPERATING INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Operating income 1,277,055$ -$ -$ 1,277,055$ Miscellaneous income 3,550,499 - - 3,550,499 Adjustments to reconcile operating income to net cash from operating activities Depreciation 3,573,005 - - 3,573,005 (Increase) decrease in Accounts receivable 260,261 - - 260,261 Deposits (15,575) - - (15,575) Increase (decrease) in Pension items - IMRF (238,071) - - (238,071) Pension items - OPEB 81,005 - - 81,005 Accounts payable (754,319) - - (754,319) Asset retirement obligation 14,323 - - 14,323 Accrued expenses (4,262) - - (4,262) Total adjustments 2,916,367 - - 2,916,367 NET CASH FROM OPERATING ACTIVITIES 7,743,921$ -$ -$ 7,743,921$ CASH AND INVESTMENTS Cash and cash equivalents 22,628,139$ 2,352,155$ -$ 24,980,294$ Investments 4,154,964 1,091,080 - 5,246,044 TOTAL CASH AND INVESTMENTS 26,783,103$ 3,443,235$ -$ 30,226,338$ NONCASH TRANSACTIONS Capital contributions 2,713,160$ -$ -$ 2,713,160$ Capital assets purchased in accounts payable 1,348,311 - - 1,348,311 Unrealized gains/losses (196,684) - - (196,684) IEPA loan receivable and payable 2,826,404 - - 2,826,404 TOTAL NONCASH TRANSACTIONS 6,691,191$ -$ -$ 6,691,191$ (See independent auditor's report.) - 103 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL WATER AND SEWER OPERATIONS ACCOUNTS For the Year Ended April 30, 2022 Original Final Budget Budget Actual WATER OPERATIONS Administration Salaries - full-time 248,000$ 248,000$ 228,056$ FICA 15,500 15,500 13,951 Medicare 3,600 3,600 3,346 IMRF 27,500 27,500 24,591 Employee insurance 59,000 59,000 43,471 Deferred compensation contribution 8,000 8,000 6,874 Travel/training 5,000 5,000 4,211 Unemployment insurance 2,000 2,000 1,447 Telephone/internet 7,500 7,500 630 Cellular phones/pagers 4,500 4,500 4,412 Office supplies/postage 30,000 30,000 36,212 Dues and subscriptions 2,000 2,000 1,504 Gas, oil, wash, and mileage 500 500 538 Software 2,000 2,000 - Sand and gravel 2,000 2,000 847 Supplies/hardware 500 500 485 Water meters 150,000 150,000 236,273 Building maintenance 10,000 10,000 17,122 Attorney legal fees 1,500 1,500 616 Contractual services 40,000 40,000 89,346 Equipment maintenance 500 500 689 Engineer fees 10,000 10,000 97,499 Administrative service charge 175,000 175,000 175,000 Total administration 804,600 804,600 987,120 Water provision Salaries - full-time 399,500 399,500 396,777 Salaries - part-time 10,000 10,000 1,595 Salaries - overtime 35,000 35,000 39,927 FICA 27,000 27,000 26,678 Medicare 6,300 6,300 6,273 IMRF 48,000 48,000 45,808 Employee insurance 85,000 85,000 70,620 Deferred compensation contribution 15,000 15,000 13,139 Telephone/internet 18,000 18,000 1,513 Cellular phones/pagers 500 500 - Electricity/gas 125,000 125,000 165,167 Office supplies/postage 2,000 2,000 226 Replacement supplies 8,500 8,500 19,085 Gas, oil, wash, and mileage 15,000 15,000 16,462 Chemicals 6,000 6,000 5,475 Supplies/hardware 5,000 5,000 8,907 Uniforms/clothing 4,000 4,000 3,427 (This schedule is continued on the following pages.) - 104 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL (Continued) WATER AND SEWER OPERATIONS ACCOUNTS For the Year Ended April 30, 2022 Original Final Budget Budget Actual WATER OPERATIONS (Continued) Water provision (Continued) Building maintenance 8,000$ 8,000$ 1,216$ Vehicle maintenance 10,000 10,000 8,552 Contractual services 50,000 50,000 14,057 Water purchase 8,833,000 8,833,000 10,941,410 Equipment maintenance 10,000 10,000 10,299 System maintenance 80,000 80,000 20,413 Water/fire hydrant 50,000 50,000 41,511 EPA analytical 16,000 16,000 18,723 Total water provision 9,866,800 9,866,800 11,877,260 Total water operations 10,671,400 10,671,400 12,864,380 SEWER OPERATIONS Administration Salaries - full-time 251,250 251,250 224,276 FICA 15,800 15,800 13,601 Medicare 3,700 3,700 3,263 IMRF 28,000 28,000 24,049 Employee insurance 57,985 57,985 41,968 Deferred compensation contribution 8,500 8,500 6,674 Travel/training 12,000 12,000 3,150 Unemployment insurance 2,000 2,000 1,237 Telephone/internet 13,000 13,000 1,093 Cellular phones/pagers 3,500 3,500 2,008 Office supplies/postage 30,000 30,000 32,813 Dues and subscriptions 72,300 72,300 64,560 Gas, oil, wash, and mileage 2,500 2,500 848 Supplies/hardware 2,500 2,500 1,115 Building maintenance 20,000 20,000 15,305 Attorney legal fees 1,500 1,500 - Contractual services 75,000 75,000 54,696 Equipment maintenance 2,000 2,000 12 Engineer fees 15,000 15,000 - Administrative service charge 175,000 175,000 175,000 Total administration 791,535 791,535 665,668 Sewer treatment Salaries - full-time 444,250 444,250 371,322 Salaries - part-time 10,000 10,000 1,595 Salaries - overtime 30,000 30,000 21,543 FICA 30,100 30,100 24,060 Medicare 7,000 7,000 5,658 IMRF 53,500 53,500 41,818 (This schedule is continued on the following page.) - 105 - VILLAGE OF PLAINFIELD, ILLINOIS SCHEDULE OF OPERATING EXPENSES - BUDGET AND ACTUAL (Continued) WATER AND SEWER OPERATIONS ACCOUNTS For the Year Ended April 30, 2022 Original Final Budget Budget Actual SEWER OPERATIONS (Continued) Sewer treatment (Continued) Employee insurance 80,000$ 80,000$ 59,009$ Deferred compensation contribution 18,000 18,000 11,620 Telephone/internet 35,000 35,000 2,938 Electricity/gas 510,000 510,000 539,704 Replacement supplies 8,000 8,000 4,712 Gas, oil, wash, and mileage 12,000 12,000 13,810 Supplies/hardware 10,000 10,000 6,774 Chemicals/supplies 125,000 125,000 124,923 Sand and gravel 500 500 - Industrial flow monitor 8,000 8,000 2,988 Uniforms/clothing 6,000 6,000 3,846 Vehicle maintenance 10,000 10,000 3,938 Contractual services 371,000 371,000 253,846 Equipment maintenance 25,000 25,000 18,761 System maintenance 125,000 125,000 34,666 Total sewer treatment 1,918,350 1,918,350 1,547,531 Other Capital projects - water and sewer Contractrual services 100,000 100,000 57,575 Engineering fees 150,000 150,000 68,696 Machinery and equipment 1,500,000 1,500,000 534,133 Vehicles 93,000 93,000 59,888 Old Town reconstruction 4,000,000 4,000,000 3,888,346 Lift station improvements 1,400,000 1,400,000 48,428 Tower improvements 270,000 270,000 246,013 Watermain improvements 279,000 279,000 - Total other 7,792,000 7,792,000 4,903,079 Total sewer operations 10,501,885 10,501,885 7,116,278 Total water and sewer operating expenses 21,173,285$ 21,173,285$ 19,980,658 ADJUSTMENTS TO GAAP BASIS Pension expense - IMRF - water division (119,035) Pension expense - IMRF - sewer division (119,035) Change in OPEB - water division 40,503 Change in OPEB - sewer division 40,503 Insurance surplus allocation (15,574) Amortization of asset retirement obligation 14,323 Capital assets capitalized (4,761,088) Depreciation 3,573,005 Total adjustments to GAAP basis (1,346,398) TOTAL WATER AND SEWER OPERATING EXPENSES GAAP BASIS 18,634,260$ (See independent auditor's report.) - 106 - FIDUCIARY FUND SCHEDULE OF CHANGES IN FIDUCIARY NET POSITION - BUDGET AND ACTUAL POLICE PENSION FUND For the Year Ended April 30, 2022 Original Final Budget Budget Actual ADDITIONS Contributions Employer 1,700,000$ 1,700,000$ 1,697,262$ Employee 650,000 650,000 1,090,656 Total contributions 2,350,000 2,350,000 2,787,918 Investment income Net appreciation (depreciation) in fair value of investments 500,000 500,000 (5,487,752) Interest and dividends 625,000 625,000 1,945,058 Total investment income 1,125,000 1,125,000 (3,542,694) Less investment expense (120,000) (120,000) (152,481) Net investment income 1,005,000 1,005,000 (3,695,175) Total additions 3,355,000 3,355,000 (907,257) DEDUCTIONS Pension benefits 950,000 950,000 936,000 Administrative expenses 48,000 48,000 54,569 Total deductions 998,000 998,000 990,569 NET INCREASE (DECREASE)2,357,000$ 2,357,000$ (1,897,826) NET POSITION RESTRICTED FOR PENSIONS May 1 46,429,246 April 30 44,531,420$ VILLAGE OF PLAINFIELD, ILLINOIS (See independent auditor's report.) - 107 - STATISTICAL SECTION This part of the Village of Plainfield, Illinois’ annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the Village’s overall financial health. Contents Page(s) Financial Trends These schedules contain trend information to help the reader understand how the Village’s financial performance and well-being have been changed over time. 108-117 Revenue Capacity These schedules contain information to help the reader assess the Village’s most significant local revenue source, the property tax. 118-124 Debt Capacity These schedules present information to help the reader assess the affordability of the Village’s current levels of outstanding debt and the Village’s ability to issue additional debt in the future. 125-128 Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the Village’s financial activities take place. 129-130 Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the Village’s financial report relates to the services the Village provides and the activities it performs. 131-134 Sources: Unless otherwise noted, the information in these schedules is derived from the annual comprehensive financial reports for the relevant year. Fiscal Year 2013 2014 2015 2016* GOVERNMENTAL ACTIVITIES Net investment in capital assets 261,247,144$ 248,456,183$ 236,161,456$ 224,437,029$ Restricted 2,874,252 3,006,647 3,783,480 4,260,303 Unrestricted 8,503,651 12,390,475 16,035,847 6,885,635 TOTAL GOVERNMENTAL ACTIVITIES 272,625,047$ 263,853,305$ 255,980,783$ 235,582,967$ BUSINESS-TYPE ACTIVITIES Net investment in capital assets 85,745,939$ 85,192,902$ 83,998,867$ 83,393,179$ Restricted 603,205 602,080 2,106,291 2,247,562 Unrestricted 12,265,523 12,652,914 12,027,445 12,492,289 TOTAL BUSINESS-TYPE ACTIVITIES 98,614,667$ 98,447,896$ 98,132,603$ 98,133,030$ PRIMARY GOVERNMENT Net investment in capital assets 346,993,083$ 333,649,085$ 320,160,323$ 307,830,208$ Restricted 3,477,457 3,608,727 5,889,771 6,507,865 Unrestricted 20,769,174 25,043,389 28,063,292 19,377,924 TOTAL PRIMARY GOVERNMENT 371,239,714$ 362,301,201$ 354,113,386$ 333,715,997$ *The Village implemented GASB Statement No. 68 for the fiscal year ended April 30, 2016. Data Source Audited Financial Statements VILLAGE OF PLAINFIELD, ILLINOIS NET POSITION BY COMPONENT Last Ten Fiscal Years - 108 - 2017 2018 2019 2020 2021 2022 214,068,963$ 206,531,017$ 199,080,764$ 196,692,962$ 192,867,595$ 193,321,923$ 4,203,118 4,361,935 4,945,385 6,054,100 6,697,297 6,307,432 9,857,838 10,184,052 12,807,949 12,836,052 15,737,960 26,677,146 228,129,919$ 221,077,004$ 216,834,098$ 215,583,114$ 215,302,852$ 226,306,501$ 84,275,866$ 84,489,070$ 85,596,840$ 91,015,742$ 93,286,823$ 94,367,397$ 2,248,756 2,248,925 1,725,525 2,250,625 1,722,725 1,726,925 12,505,856 13,704,889 15,764,957 14,933,664 19,435,096 27,239,219 99,030,478$ 100,442,884$ 103,087,322$ 108,200,031$ 114,444,644$ 123,333,541$ 298,344,829$ 291,020,087$ 284,677,604$ 287,708,704$ 286,154,418$ 287,689,320$ 6,451,874 6,610,860 6,670,910 8,304,725 8,420,022 8,034,357 22,363,694 23,888,941 28,572,906 27,769,716 35,173,056 53,916,365 327,160,397$ 321,519,888$ 319,921,420$ 323,783,145$ 329,747,496$ 349,640,042$ - 109 - Fiscal Year 2013 2014 2015*2016 EXPENSES Governmental activities General government 3,442,249$ 4,437,507$ 3,974,582$ 4,461,409$ Public safety 11,273,628 11,321,562 11,778,078 12,608,966 Highways and streets 21,995,249 23,977,254 23,731,474 24,868,163 Interest 1,213,432 1,154,112 1,059,100 870,373 Total governmental activities expenses 37,924,558 40,890,435 40,543,234 42,808,911 BUSINESS-TYPE ACTIVITIES Water and sewer 14,648,769 15,233,480 15,513,750 15,976,198 Total business-type activities expenses 14,648,769 15,233,480 15,513,750 15,976,198 TOTAL PRIMARY GOVERNMENT EXPENSES 52,573,327$ 56,123,915$ 56,056,984$ 58,785,109$ PROGRAM REVENUES Governmental activities Charges for services General government 4,989,871$ 5,178,547$ 5,472,089$ 5,814,964$ Public safety 1,756,994 1,658,959 1,611,233 1,418,860 Highways and streets 178,221 141,846 9,193 37,417 Operating grants and contributions 1,372,279 1,386,766 1,492,593 1,203,530 Capital grants and contributions 1,009,182 118,359 44,267 360,507 Total governmental activities program revenues 9,306,547 8,484,477 8,629,375 8,835,278 Business-type activities Charges for services Water/sewer 14,066,990 13,361,542 13,407,793 14,224,684 Operating grants and contributions - - - - Capital grants and contributions 2,145,000 - - - Total business-type activities program revenues 16,211,990 13,361,542 13,407,793 14,224,684 TOTAL PRIMARY GOVERNMENT PROGRAM REVENUES 25,518,537$ 21,846,019$ 22,037,168$ 23,059,962$ NET (EXPENSE) REVENUE Governmental activities (28,618,011)$ (32,405,958)$ (31,913,859)$ (33,973,633)$ Business-type activities 1,563,221 (1,871,938) (2,105,957) (1,751,514) TOTAL PRIMARY GOVERNMENT NET (EXPENSE) REVENUE (27,054,790)$ (34,277,896)$ (34,019,816)$ (35,725,147)$ VILLAGE OF PLAINFIELD, ILLINOIS CHANGE IN NET POSITION Last Ten Fiscal Years - 110 - 2017 2018 2019 2020 2021 2022 4,547,120$ 5,661,695$ 4,485,123$ 4,558,737$ 6,284,103$ 9,185,102$ 14,062,875 13,601,471 14,321,219 14,777,677 13,967,774 14,916,089 23,787,789 25,231,666 26,894,226 28,018,871 27,078,111 22,654,778 800,364 724,260 679,991 614,240 549,339 426,421 43,198,148 45,219,092 46,380,559 47,969,525 47,879,327 47,182,390 16,324,022 16,554,917 17,232,193 17,068,935 18,491,358 19,160,351 16,324,022 16,554,917 17,232,193 17,068,935 18,491,358 19,160,351 59,522,170$ 61,774,009$ 63,612,752$ 65,038,460$ 66,370,685$ 66,342,741$ 6,151,486$ 6,324,056$ 6,597,384$ 6,827,970$ 7,246,835$ 8,020,047$ 1,593,981 1,701,686 1,642,372 1,673,839 1,109,425 1,647,405 43,621 20,057 59,935 98,949 140,819 268,858 1,184,693 1,213,779 1,401,888 1,776,109 3,777,693 1,970,022 1,207,122 3,173,077 3,881,551 7,461,245 4,507,614 9,133,011 10,180,903 12,432,655 13,583,130 17,838,112 16,782,386 21,039,343 15,071,122 16,004,417 16,819,225 16,955,783 19,332,166 19,911,315 - - - - - - 389,353 270,424 97,847 2,415,839 929,493 2,713,160 15,460,475 16,274,841 16,917,072 19,371,622 20,261,659 22,624,475 25,641,378$ 28,707,496$ 30,500,202$ 37,209,734$ 37,044,045$ 43,663,818$ (33,017,245)$ (32,786,437)$ (32,797,429)$ (30,131,413)$ (31,096,941)$ (26,143,047)$ (863,547) (280,076) (315,121) 2,302,687 1,770,301 3,464,124 (33,880,792)$ (33,066,513)$ (33,112,550)$ (27,828,726)$ (29,326,640)$ (22,678,923)$ - 111 - Fiscal Year 2013 2014 2015*2016 GENERAL REVENUES AND OTHER CHANGES IN NET POSITION Governmental activities Taxes Property and replacement**6,300,458$ 6,352,505$ 6,538,805$ 6,633,529$ Home rule sales tax - - 3,286,980 3,403,167 Utility/telecommunications 2,981,462 3,198,840 3,107,995 2,816,908 Local motor fuel 838,419 790,158 813,718 897,404 Other 5,804 4,966 8,250 7,587 Personal property replacement tax**- - - - Sales and use tax 8,495,268 8,848,545 5,842,343 6,199,078 Income tax 3,567,060 3,857,016 3,876,349 4,218,244 Investment income 20,956 27,857 (120,582) 53,007 Miscellaneous 72,956 63,581 197,627 267,223 Transfers 493,650 490,748 489,852 498,100 Total governmental activities 22,776,033 23,634,216 24,041,337 24,994,247 Business-type activities Home rule sales tax 1,415,262 1,630,710 1,643,244 1,701,328 Investment income 9,010 14,986 141 61,902 Miscellaneous 1,169,633 550,219 637,131 822,046 Transfers (493,650) (490,748) (489,852) (498,100) Total business-type activities 2,100,255 1,705,167 1,790,664 2,087,176 TOTAL PRIMARY GOVERNMENT 24,876,288$ 25,339,383$ 25,832,001$ 27,081,423$ CHANGE IN NET POSITION Governmental activities (5,841,978)$ (8,771,742)$ (7,872,522)$ (8,979,386)$ Business-type activities 3,663,476 (166,771) (315,293) 335,662 TOTAL PRIMARY GOVERNMENT CHANGE IN NET POSITION (2,178,502)$ (8,938,513)$ (8,187,815)$ (8,643,724)$ *Beginning in fiscal year 2015, home rule sales tax is presented separately from sales and use tax. **Beginning in fiscal year 2020, personal property replacement tax is presented separately from property tax. Data Source Audited Financial Statements Last Ten Fiscal Years VILLAGE OF PLAINFIELD, ILLINOIS CHANGE IN NET POSITION (Continued) - 112 - 2017 2018 2019 2020 2021 2022 6,795,465$ 7,096,972$ 7,358,761$ 7,589,824$ 7,991,671$ 8,509,758$ 3,492,459 3,618,502 3,725,422 3,604,349 4,229,671 5,988,612 2,915,445 2,865,380 2,995,191 2,797,119 2,802,003 3,183,944 959,052 1,097,294 1,674,790 1,504,478 1,455,958 1,886,998 10,092 9,659 8,265 5,268 1,661 7,707 - - - 63,799 60,678 139,552 6,328,246 6,689,407 6,978,728 7,202,352 8,622,005 10,534,080 3,741,387 3,589,279 3,842,879 4,289,960 4,537,460 6,015,389 140,553 311,646 672,108 808,901 100,858 (80,661) 210,598 504,990 321,579 33,379 30,914 25,569 970,900 979,300 976,800 981,000 983,800 935,748 25,564,197 26,762,429 28,554,523 28,880,429 30,816,679 37,146,696 1,745,968 1,808,980 1,862,431 1,801,904 2,114,518 2,993,857 62,358 108,074 375,621 479,317 72,557 (183,835) 923,569 806,446 1,698,307 1,509,801 3,271,037 3,550,499 (970,900) (979,300) (976,800) (981,000) (983,800) (935,748) 1,760,995 1,744,200 2,959,559 2,810,022 4,474,312 5,424,773 27,325,192$ 28,506,629$ 31,514,082$ 31,690,451$ 35,290,991$ 42,571,469$ (7,453,048)$ (6,024,008)$ (4,242,906)$ (1,250,984)$ (280,262)$ 11,003,649$ 897,448 1,464,124 2,644,438 5,112,709 6,244,613 8,888,897 (6,555,600)$ (4,559,884)$ (1,598,468)$ 3,861,725$ 5,964,351$ 19,892,546$ - 113 - Fiscal Year 2013 2014 2015 2016 GENERAL FUND Nonspendable for Advances 1,153,506$ -$ -$ -$ Long-term receivables 705,953 687,538 669,986 363,498 Prepaid items 133,497 133,536 135,867 142,187 Restricted Retirement obligations - - - 16,709 Public safety - - - 471,209 Unrestricted Assigned for bridge construction - - - - Assigned for insurance 1,006,427 1,065,860 1,158,291 1,127,527 Unassigned 9,658,183 9,841,030 8,322,103 8,485,950 TOTAL GENERAL FUND 12,657,566$ 11,727,964$ 10,286,247$ 10,607,080$ ALL OTHER GOVERNMENTAL FUNDS Restricted for Street maintenance 1,509,744$ 1,915,321$ 2,690,722$ 2,819,181$ Public safety 40,585 42,443 32,058 40,651 Audit 5,360 3,511 3,970 6,161 Liability insurance 219,288 86,172 70,626 21,126 Economic development 1,099,275 959,200 986,104 885,266 Unrestricted Assigned for debt service 881 918 1,700 2,133 Assigned for capital projects - 405,138 5,447,573 8,837,434 Unassigned (deficit)(4,328,519) - - - TOTAL ALL OTHER GOVERNMENTAL FUNDS (1,453,386)$ 3,412,703$ 9,232,753$ 12,611,952$ TOTAL FUND BALANCES 11,204,180$ 15,140,667$ 19,519,000$ 23,219,032$ Data Source Audited Financial Statements VILLAGE OF PLAINFIELD, ILLINOIS FUND BALANCES OF GOVERNMENTAL FUNDS Last Ten Fiscal Years - 114 - 2017 2018 2019 2020 2021 2022 -$ -$ -$ -$ -$ -$ 221,763 - - - - - 150,893 212,479 14,236 12,797 12,797 12,797 92,012 125,878 131,092 155,847 97,754 76,571 393,352 508,783 466,127 564,987 568,857 546,810 - - - - - - 1,305,917 1,248,272 1,341,972 1,587,724 1,715,319 1,803,573 8,655,225 9,556,631 9,955,142 10,028,321 10,877,698 11,228,184 10,819,162$ 11,652,043$ 11,908,569$ 12,349,676$ 13,272,425$ 13,667,935$ 3,077,064$ 3,173,918$ 3,474,726$ 3,773,572$ 4,619,581$ 5,570,751$ 42,749 48,257 53,287 41,740 32,679 34,317 9,342 15,977 22,593 19,693 9,779 7,582 48,059 294,086 442,523 502,907 242,787 - 540,540 195,036 355,037 995,354 1,125,860 71,401 2,159 2,233 3,130 1,830 117 - 13,490,725 14,805,542 17,678,526 18,762,050 19,106,071 28,320,359 (435) - - - - (233,678) 17,210,203$ 18,535,049$ 22,029,822$ 24,097,146$ 25,136,874$ 33,770,732$ 28,029,365$ 30,187,092$ 33,938,391$ 36,446,822$ 38,409,299$ 47,438,667$ - 115 - Fiscal Year 2013 2014 2015*2016 REVENUES Taxes 19,207,009$ 19,853,191$ 10,647,752$ 10,941,684$ Licenses and permits 735,905 862,916 976,464 1,177,055 Intergovernmental 5,298,633 4,661,759 14,308,398 14,596,272 Charges for services 4,822,592 4,887,938 4,932,519 5,100,794 Fines and forfeits 1,169,501 1,122,269 1,094,229 907,956 Investment income 20,956 27,857 (120,582) 53,007 Miscellaneous 334,334 212,015 342,080 554,657 Total revenues 31,588,930 31,627,945 32,180,860 33,331,425 EXPENDITURES General government 3,141,185 4,029,639 3,677,375 3,966,293 Public safety 10,686,447 10,746,430 11,266,927 11,453,755 Highways and streets 6,623,648 7,404,103 7,197,622 7,809,942 Capital outlay 2,042,968 2,870,609 3,048,345 3,897,730 Debt service Principal 1,915,000 1,945,000 2,085,000 2,215,000 Interest and fiscal charges 1,221,304 1,191,213 1,138,302 890,875 Total expenditures 25,630,552 28,186,994 28,413,571 30,233,595 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 5,958,378 3,440,951 3,767,289 3,097,830 OTHER FINANCING SOURCES (USES) Transfers in 3,102,780 6,094,911 6,845,397 5,939,207 Transfers (out)(2,609,130) (5,604,163) (6,355,545) (5,441,107) Refunding bonds issued - - 9,665,000 - Premium (discount) on refunding bonds - - 331,514 - Bonds issued - - - - Premium (discount) on bonds issued - - - - Payment to escrow agent - - (9,875,322) - Installment notes issued - - - - Sale of capital assets - 4,788 - 104,102 Total other financing sources (uses)493,650 495,536 611,044 602,202 NET CHANGE IN FUND BALANCES 6,452,028$ 3,936,487$ 4,378,333$ 3,700,032$ DEBT SERVICE AS A PERCENTAGE OF NONCAPITAL EXPENDITURES 12.94%11.53%11.78%10.79% *Beginning in fiscal year 2015, state sales tax, use tax, and income tax are reported as intergovernmental revenue. Data Source Audited Financial Statements VILLAGE OF PLAINFIELD, ILLINOIS CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS Last Ten Fiscal Years - 116 - 2017 2018 2019 2020 2021 2022 11,257,069$ 11,822,426$ 12,208,524$ 12,202,479$ 13,193,690$ 15,764,137$ 1,166,151 1,094,102 1,318,572 1,460,594 1,724,514 2,129,563 14,772,754 14,513,737 15,822,129 16,663,407 22,425,444 25,626,574 5,485,364 5,664,929 5,848,888 5,993,016 5,725,027 6,600,013 1,052,355 1,067,168 1,032,766 1,051,895 930,411 1,012,003 140,553 311,646 672,108 808,901 100,858 (80,661) 432,609 2,209,121 4,257,866 983,159 449,808 402,988 34,306,855 36,683,129 41,160,853 39,163,451 44,549,752 51,454,617 4,211,656 5,460,233 4,506,444 4,274,371 6,294,348 8,407,753 11,675,600 12,210,028 12,879,658 12,869,995 13,180,992 13,580,707 7,856,257 8,801,462 8,870,269 9,704,053 10,951,292 10,554,339 3,606,528 5,909,454 9,032,558 7,727,009 10,156,291 7,892,811 2,315,000 2,395,000 2,475,000 2,560,000 2,520,000 2,670,000 806,150 733,025 650,150 571,250 528,100 354,750 30,471,191 35,509,202 38,414,079 37,706,678 43,631,023 43,460,360 3,835,664 1,173,927 2,746,774 1,456,773 918,729 7,994,257 5,704,731 3,554,123 4,879,743 5,036,937 6,155,850 9,022,444 (4,733,831) (2,574,823) (3,902,943) (4,055,937) (5,172,050) (8,086,696) - - - - 2,790,000 2,385,000 - - - - - - - - - - - - - - - - - - - - - - (2,754,483) (2,355,000) - - - - - - 3,769 4,500 27,725 70,658 24,431 69,363 974,669 983,800 1,004,525 1,051,658 1,043,748 1,035,111 4,810,333$ 2,157,727$ 3,751,299$ 2,508,431$ 1,962,477$ 9,029,368$ 11.01%10.00%9.40%9.07%8.16%8.21% - 117 - ASSESSED VALUE AND ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Levy Years Total Taxable Total Estimated Estimated Levy Residential Commercial Industrial Farm Railroad Equalized Direct Tax Actual Taxable Actual Taxable Year Property Property Property Property Property Assessed Value Rate Value Value 2012 1,018,036,579$ 136,459,597$ 20,522,201$ 3,436,478$ 155,202$ 1,178,610,057$ 0.4567$ 3,535,830,171$ 33.333% 2013 992,808,661 133,086,233 20,156,072 3,351,502 344,192 1,149,746,660 0.4669 3,449,239,980 33.333% 2014 1,001,328,597 147,923,967 19,980,960 3,691,038 403,047 1,173,327,609 0.4669 3,519,982,827 33.333% 2015 1,047,526,457 139,342,944 20,657,279 3,905,874 486,066 1,211,918,620 0.4669 3,635,755,860 33.333% 2016 1,115,247,993 144,540,932 18,305,506 3,925,296 536,960 1,282,556,687 0.4669 3,847,670,061 33.333% 2017 1,163,630,631 145,895,711 17,159,173 4,184,880 443,511 1,331,313,906 0.4669 3,993,941,718 33.333% 2018 1,218,694,154 149,409,999 17,114,459 4,494,831 466,959 1,390,180,402 0.4669 4,170,541,206 33.333% 2019 1,291,089,253 151,758,478 17,138,753 4,609,357 470,584 1,465,066,425 0.4669 4,395,199,275 33.333% 2020 1,359,035,500 171,077,267 17,140,683 3,782,270 464,895 1,551,500,615 0.4669 4,654,501,845 33.333% 2021 1,414,764,169 174,375,490 17,367,814 4,089,080 417,335 1,611,013,888 0.4669 4,833,041,664 33.333% Note: Property in the Village is reassessed each year. Property is assessed at 33% of estimated actual value. Data Sources Office of the County Clerk - Will County, Illinois Office of the County Clerk - Kendall County, Illinois VILLAGE OF PLAINFIELD, ILLINOIS - 118 - Levy Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 DIRECT TAX RATES General 0.2158 0.2210 0.2099 0.1974 0.1921 0.2002 0.2159 0.2205 0.1978 0.1775 Debt service 0.0098 0.0098 0.0098 0.0097 0.0088 0.0089 0.0083 - - - Police Pension 0.0767 0.0783 0.0811 0.0911 0.1068 0.1057 0.0936 0.1079 0.1096 0.1056 IMRF 0.0490 0.0500 0.0492 0.0476 0.0448 0.0407 0.0389 0.0375 0.0354 0.0357 Police protection 0.0682 0.0696 0.0683 0.0662 0.0624 0.0711 0.0788 0.0887 0.0989 0.1023 Audit 0.0030 0.0034 0.0033 0.0035 0.0033 0.0033 0.0026 0.0021 0.0026 0.0032 Liability insurance 0.0342 0.0348 0.0453 0.0514 0.0487 0.0370 0.0288 0.0102 0.0226 0.0426 Total direct rates 0.4567 0.4669 0.4669 0.4669 0.4669 0.4669 0.4669 0.4669 0.4669 0.4669 OVERLAPPING TAX RATES Will County Including Forest Preserve 0.7244 0.8186 0.8410 0.8295 0.8091 0.7881 0.7431 0.7304 0.7231 0.7100 Plainfield CUSD #202 5.8323 6.2265 6.2622 6.2410 5.8941 5.7067 5.5732 5.4425 5.3421 5.2250 Joliet Jr. Community College #525 0.2768 0.2955 0.3085 0.3065 0.3099 0.2994 0.2924 0.2938 0.2891 0.2848 Plainfield Township Park District 0.2433 0.2535 0.2742 0.2692 0.2560 0.2541 0.2591 0.2554 0.2537 0.2526 Plainfield Public Library District 0.1894 0.2013 0.2057 0.2021 0.1939 0.1921 0.1893 0.1848 0.1825 0.1821 Plainfield Fire Protection District 0.9216 0.9970 1.0122 1.0036 0.9674 0.9650 0.9537 0.9339 0.9261 0.9302 Township and all other 0.1960 0.2106 0.2125 0.2091 0.1991 0.1952 0.1908 0.1859 0.1824 0.1812 Total overlapping rates 8.3838 9.0030 9.1163 9.0610 8.6295 8.4006 8.2016 8.0267 7.8990 7.7659 TOTAL TAX RATES 8.8405 9.4699 9.5832 9.5279 9.0964 8.8675 8.6685 8.4936 8.3659 8.2328 Property tax rates are per $100 of assessed valuation. Data Source Office of the County Clerk - Will County, Illinois VILLAGE OF PLAINFIELD, ILLINOIS PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS Last Ten Levy Years - 119 - Percentage Percentage of Total of Total Taxable Village Taxable Village Equalized Taxable Equalized Equalized Assessed Assessed Assessed Assessed Taxpayer Business/Properties Value Rank Valuation Value Rank Valuation LIT Plainfield BTS LLC Midwest Warehouse 19,883,530$ 1 1.33% JVM Realty Corporation Springs at 127th 12,494,812 2 0.84% Diageo North America, Inc.Manufacturer of liquors 9,480,844 3 0.64% Costco Wholesale Corp.Big box retail store 7,348,512 4 0.49% Edward Health Ventures Healthcare 5,618,608 5 0.38% Wal-Mart Stores Inc.Discount department store 4,581,409 6 0.31% Meijer Discount department store 3,973,157 7 0.27% American House Senior Living Senior care facility 3,825,000 8 0.26% Coilplus Illinois Inc.Flat rolled steel processing 3,564,280 9 0.24% CHP Park Plainfield Senior care facility 3,348,165 10 0.22% Wal-Mart Stores Inc.Discount department store 6,988,590$ 1 0.65% Menard's Inc.Home improvement center 6,204,789 2 0.57% Diageo North America, Inc.Manufacturer of liquors 5,771,436 3 0.53% Meijer Discount department store 4,217,433 4 0.39% Edward Health Ventures Healthcare 4,075,480 5 0.38% Target Discount department store 3,578,331 6 0.33% Coilplus Illinois Inc.Flat rolled steel processing 3,348,384 7 0.31% Dayfield Properties Developer 3,245,950 8 0.30% Chicago Bridge & Iron Co Engineering and technical center 2,530,645 9 0.23% Plainfield Care Group LLP Senior Care Facility 2,400,000 10 0.22% 74,118,317$ 4.98%42,361,038$ 3.91% ** Formerly called United Distillers Manufacturing Inc. Data Source Will County Clerk's Office Because of the Village’s small valuation in Kendall County, only Will County information was used in this statement. Reasonable efforts have been made to determine and report the largest taxpayers and to include all taxable property of those taxpayers listed.Many of the taxpayers listed, however, may own multiple parcels, and it is possible that some parcels and their valuations have been overlooked. VILLAGE OF PLAINFIELD, ILLINOIS 2021 2013 PRINCIPAL PROPERTY TAXPAYERS Current Levy Year and Nine Levy Years Ago - 120 - Levy Collection Fiscal Percentage Collections in Total Collections Total Collections Year Year Year Tax Levied Amount of Levy Subsequent Years To Date To Date 2011 2012 2013 5,366,861$ 5,294,951$ 98.66%N/A 5,294,951$ 98.66% 2012 2013 2014 5,370,957 5,279,123 98.29%N/A 5,279,123 98.29% 2013 2014 2015 5,368,140 5,355,819 99.77%N/A 5,355,819 99.77% 2014 2015 2016 5,478,241 5,462,475 99.71%N/A 5,462,475 99.71% 2015 2016 2017 5,658,448 5,644,737 99.76%N/A 5,644,737 99.76% 2016 2017 2018 5,988,257 5,959,759 99.52%N/A 5,959,759 99.52% 2017 2018 2019 6,215,904 6,205,547 99.83%N/A 6,205,547 99.83% 2018 2019 2020 6,490,752 6,471,666 99.71%N/A 6,471,666 99.71% 2019 2020 2021 6,840,395 6,820,239 99.71%N/A 6,820,239 99.71% 2020 2021 2022 7,294,331 7,230,271 99.12%N/A 7,230,271 99.12% N/A - Information not available Data Sources Office of the County Clerk - Will County, Illinois Office of the County Clerk - Kendall County, Illinois Total Collections within the Levy Year VILLAGE OF PLAINFIELD, ILLINOIS PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Levy Years - 121 - VILLAGE OF PLAINFIELD, ILLINOIS PROPERTY TAX ASSESSED VALUATIONS, RATES, AND TAX EXTENSIONS Last Ten Levy Years Tax Levy Year 2012 2013 2014 2015 2016 ASSESSED VALUATION 1,178,610,057$ 1,149,746,660$ 1,173,327,609$ 1,211,918,620$ 1,282,556,687$ Rate Amount Rate Amount Rate Amount Rate Amount Rate Amount TAX EXTENSIONS General 0.2158 2,543,386$ 0.2210 2,541,014$ 0.2099 2,463,239$ 0.1974 2,393,149$ 0.1974 2,452,961$ Debt service 0.0098 115,469 0.0098 112,648 0.0098 114,957 0.0097 117,462 0.0097 118,846 Police Pension 0.0767 903,769 0.0783 900,238 0.0811 951,470 0.0911 1,103,800 0.0911 1,370,987 IMRF 0.0490 577,376 0.0500 574,887 0.0492 577,137 0.0476 576,756 0.0476 575,818 Police protection 0.0682 803,595 0.0696 800,217 0.0683 801,299 0.0662 802,149 0.0662 801,498 Audit 0.0030 35,338 0.0034 39,030 0.0033 38,713 0.0035 42,394 0.0035 42,308 Liability insurance 0.0342 402,909 0.0348 400,106 0.0453 531,426 0.0514 622,738 0.0514 625,839 TOTAL TAX EXTENSIONS 0.4567 5,381,842$ 0.4669 5,368,140$ 0.4669 5,478,241$ 0.4669 5,658,448$ 0.4669 5,988,257$ Tax Levy Year 2017 2018 2019 2020 2021 ASSESSED VALUATION 1,331,313,906$ 1,390,180,402$ 1,465,066,425$ 1,551,500,615$ 1,611,013,888$ Rate Amount Rate Amount Rate Amount Rate Amount Rate Amount TAX EXTENSIONS General 0.2002 2,671,680$ 0.2159 3,001,704$ 0.2205 3,223,618$ 0.2159 3,067,413$ 0.1775 2,860,064$ Debt service 0.0089 118,180 0.0083 115,321 - - 0.0083 - - - Police Pension 0.1057 1,404,818 0.0936 1,301,135 0.1079 1,582,121 0.0936 1,700,423 0.1056 1,701,147 IMRF 0.0407 540,770 0.0389 540,734 0.0375 550,815 0.0389 550,730 0.0357 575,132 Police protection 0.0711 945,182 0.0788 1,095,434 0.0887 1,302,283 0.0788 1,534,477 0.1023 1,647,841 Audit 0.0033 43,814 0.0026 36,071 0.0021 30,716 0.0026 40,318 0.0032 51,445 Liability insurance 0.0370 491,460 0.0288 400,353 0.0102 150,842 0.0288 400,970 0.0426 686,196 TOTAL TAX EXTENSIONS 0.4669 6,215,904$ 0.4669 6,490,752$ 0.4669 6,840,395$ 0.4669 7,294,331$ 0.4669 7,521,825$ - 122 - Calendar Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 General merchandise 1,888,789$ 2,014,318$ 2,957,023$ 2,923,484$ 2,872,245$ 2,810,504$ 2,878,191$ 2,850,382$ 2,872,203$ 2,928,799$ Food 377,464 405,981 619,855 920,851 760,833 862,417 1,063,115 1,040,872 954,604 1,158,798 Drinking and eating places 1,259,374 1,481,747 1,547,675 1,656,683 1,749,367 1,767,933 1,893,015 1,952,874 1,806,030 2,257,397 Apparel 127,335 121,980 87,001 139,606 162,603 179,296 179,438 184,169 131,306 222,746 Furniture, H.H., and radio 157,320 125,553 133,673 147,176 140,391 133,176 134,476 144,632 105,628 149,970 Lumber, building hardware 675,008 812,648 888,333 938,009 999,130 1,002,964 1,009,777 1,030,853 1,135,197 1,137,971 Automobile and filling stations 2,364,926 2,738,000 1,593,137 1,511,396 1,595,968 1,939,282 2,183,218 2,205,418 2,251,570 4,748,124 Drugs and miscellaneous retail 1,384,198 1,564,115 1,588,279 919,458 1,449,363 1,375,599 1,279,519 1,273,913 1,469,125 3,196,272 Agriculture and all others 291,404 300,709 376,539 877,983 545,409 556,959 594,384 525,946 487,060 544,667 Manufacturers 82,726 125,084 150,191 140,846 187,450 232,970 245,528 186,354 230,854 455,470 TOTAL 8,608,544$ 9,690,135$ 9,941,706$ 10,175,492$ 10,462,759$ 10,861,100$ 11,460,661$ 11,395,413$ 11,443,577$ 16,800,214$ Village direct sales tax rate 1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00% Village home rule sales tax rate*1.00%1.50%1.50%1.50%1.50%1.50%1.50%1.50%1.50%1.50% *1.50% effective July 1, 2012. Data Source Illinois Department of Revenue - Will County only VILLAGE OF PLAINFIELD, ILLINOIS SALES TAX BY CATEGORY Last Ten Calendar Years - 123 - DIRECT AND OVERLAPPING SALES TAX RATES Last Ten Calendar Years Village Village Calendar Direct Home Rule Will County RTA State Total Year Rate Rate Rate Rate Rate Rate 2012 1.00%1.50%0.25%0.75%5.00%8.50% 2013 1.00%1.50%0.25%0.75%5.00%8.50% 2014 1.00%1.50%0.25%0.75%5.00%8.50% 2015 1.00%1.50%0.25%0.75%5.00%8.50% 2016 1.00%1.50%0.25%0.75%5.00%8.50% 2017 1.00%1.50%0.25%0.75%5.00%8.50% 2018 1.00%1.50%0.25%0.75%5.00%8.50% 2019 1.00%1.50%0.25%0.75%5.00%8.50% 2020 1.00%1.50%0.25%0.75%5.00%8.50% 2021 1.00%1.50%0.25%0.75%5.00%8.50% Note: The home rule sales tax rate increase for the Village was effective July 1, 2012. Data Source Village and Illinois Department of Revenue VILLAGE OF PLAINFIELD, ILLINOIS - 124 - RATIOS OF OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years Percentage Fiscal General Installment General Illinois Total of Year Obligation Notes Obligation Revenue EPA Primary Personal Per Ended Bonds Payable Bonds Bonds Loan Government Income*Capita* 2013 29,930,000$ -$ 11,575,000$ 15,285,000$ 3,093,385$ 59,883,385$ 4.12%1,435$ 2014 27,985,000 - 9,735,000 14,885,000 2,946,902 55,551,902 3.67%1,320 2015 28,162,546 - 8,816,853 16,449,941 2,795,259 56,224,599 3.53%1,323 2016 25,895,431 - 7,201,017 16,019,942 2,641,714 51,758,104 3.08%1,206 2017 23,481,950 - 5,494,025 15,474,342 2,486,244 46,936,561 2.63%1,069 2018 20,985,301 - 3,726,754 14,903,742 2,328,825 41,944,622 2.26%950 2019 18,384,607 - 1,900,751 14,308,142 2,169,432 36,762,932 1.89%830 2020 15,688,752 - - 13,649,564 2,008,040 31,346,356 N/A 700 2021 12,896,127 - - 12,964,429 1,844,623 27,705,179 N/A 610 2022 9,979,510 - - 12,258,051 5,276,719 27,514,280 N/A 606 Note: Details of the Village's outstanding debt can be found in the notes to financial statements. *See the schedule of Demographic and Economic Information for personal income and population data. N/A - information not available Data Source Audited Financial Statements Activities VILLAGE OF PLAINFIELD, ILLINOIS Governmental Business-Type Activities - 125 - RATIOS OF GENERAL BONDED DEBT OUTSTANDING Last Ten Fiscal Years Percentage of Less Amounts Equalized General Available Assessed Fiscal Obligation In Debt Value of Per Year Bonds Service Fund Total Property Capita 2013 29,930,000$ -$ 29,929,119$ 2.60%756$ 2014 27,985,000 - 27,984,082 2.43%707 2015 36,979,399 - 36,979,399 3.15%870 2016 33,096,448 - 33,096,448 2.73%771 2017 28,975,975 - 28,975,975 2.26%660 2018 24,712,055 - 24,712,055 1.86%560 2019 20,285,358 - 20,285,358 1.46%458 2020 15,688,752 - 15,688,752 1.07%350 2021 12,896,127 - 12,896,127 0.83%284 2022 9,979,510 - 9,979,510 0.62%220 N/A - information not available VILLAGE OF PLAINFIELD, ILLINOIS - 126 - DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT Percentage Village's Gross Debt Applicable Share Governmental Unit Debt to the Village*of Debt Village of Plainfield 9,979,510$ 100.000%9,979,510$ Will County - (2)6.232%- Will County Forest Preserve District 80,805,000 6.232%5,035,768 Kendall County - (2)3.159%- Kendall County Forest Preserve District 26,925,000 3.159%850,561 Plainfield Fire Protection District - (2)79.206%- Oswegoland Park District 7,240,000 8.636%625,246 Plainfield Park District 9,387,060 45.240%4,246,706 Oswego Public Library District 3,615,000 8.629%311,938 Plainfield Unit School District #202 132,790,000 (3)35.718%47,429,932 Indian Prairie Unit School District #204 107,365,000 (3)0.570%611,981 Oswego Unit School District #308 256,215,429 (1)7.677%19,669,658 DuPage Community College #502 106,415,000 (2)0.064%68,106 Waubonsee Community College #516 34,555,000 1.623%560,828 Joliet Community College #525 50,030,000 (2)5.916%2,959,775 Total Overlapping Debt 815,342,489 82,370,498 TOTAL DIRECT AND OVERLAPPING DEBT 825,321,999$ 92,350,008$ (1) Includes original principal amounts of outstanding General Obligation Capital Appreciation Bonds. (3) Excludes outstanding debt certificates. Data Sources The Village and Will and Kendall County Clerk's Offices VILLAGE OF PLAINFIELD, ILLINOIS April 30, 2022 (2)Excludes principal amounts of outstanding General Obligation Alternate Revenue Source Bonds which are expected to be paid from sources other than general taxation. *The percentage of overlapping debt applicable is estimated using taxable assessed property values.Applicable percentages were estimated by determining the portion of the Village's taxable assessed value that is within the government's boundaries and dividing it by the Village's total taxable assessed value. - 127 - PLEDGED-REVENUE COVERAGE WATER REVENUE BONDS Last Ten Fiscal Years Water Fiscal Charges Debt Service Year and Other Principal Interest Coverage 2013 14,066,990$ 380,000$ 814,366$ 11.78$ 2014 13,361,542 400,000 797,785 11.16 2015 13,407,793 415,000 893,871 10.24 2016 14,224,684 430,000 514,054 15.07 2017 15,071,122 540,000 590,719 13.33 2018 16,004,417 565,000 567,081 14.14 2019 16,819,225 590,000 541,350 14.87 2020 16,955,783 620,000 515,550 14.93 2021 19,332,166 645,000 490,250 17.03 2022 19,911,315 665,000 464,050 17.64 Data Source Audited financial statements VILLAGE OF PLAINFIELD, ILLINOIS Note:Details of the Village's outstanding debt can be found in the notes to financial statements. - 128 - DEMOGRAPHIC AND ECONOMIC INFORMATION Last Ten Fiscal Years Per Median Capita Fiscal Household Personal Personal Unemployment Year Population Income Income Income Rate 2013 41,739 108,928$ 1,454,437,194$ 34,846$ 7.7% 2014 42,085 111,536 1,515,354,595 36,007 6.0% 2015 42,484 111,521 1,592,385,288 37,482 5.0% 2016 42,933 116,896 1,678,937,898 39,106 4.7% 2017 43,926 121,746 1,785,020,862 40,637 4.0% 2018 44,138 126,127 1,852,471,860 41,970 3.5% 2019 44,308 130,614 1,945,697,204 43,913 3.6% 2020 44,762 131,241 2,030,628,130 45,365 15.0% 2021 45,398 N/A N/A N/A 4.6% 2022 45,398 N/A N/A N/A 2.6% N/A - information not available Data Sources Census.gov estimate 2020 & 2021 reflects current uncertified 2020 Census population Household and per capita income: U.S. Census Bureau - American Fact Finder 2009-2013 American Community Survey 5-Yr Estimates 2010-2014 American Community Survey 5-Yr Estimates 2011-2015 American Community Survey 5-Yr Estimates 2012-2016 American Community Survey 5-Yr Estimates 2013-2017 American Community Survey 5-Yr Estimates 2014-2018 census.gov quick facts 2015-2019 census.gov quick facts 2016-2020 census.gov quick facts Unemployment Rate: Illinois Department of Employment Security (2022 through April - not seasonally adjusted) VILLAGE OF PLAINFIELD, ILLINOIS - 129 - PRINCIPAL EMPLOYERS Current Year and Nine Years Ago Percent Percent of Total of Total No. of Village No. of Village Employer Rank Employees Population Employer Rank Employees Population Plainfield CUSD #202 1 3,100 6.93%Plainfield CUSD #202 1 3,022 7.47% Diageo North America, Inc.2 636 1.42%Chicago Bridge & Iron Co.2 443 1.10% Wal-Mart 3 385 0.86%Diageo North America 3 400 0.99% Meijer 4 245 0.55%Meijer 4 283 0.70% McDermott Intl (Chicago Bridge & Iron)5 235 0.52%Wal-Mart 5 275 0.68% Target 6 191 0.43%Jewel-Osco 6 200 0.49% Menards, Inc 7 165 0.37%Lakewood Nursing and Rehab Center 7 160 0.40% Jewel-Osco 8 149 0.33%Village of Plainfield 8 143 0.35% Village of Plainfield 9 149 0.33%Target 9 140 0.35% Community Unit School District 308*10 150 0.34%Menards 10 119 0.29% Population Population 44,762 40,446 *Plainfield jurisdiction only Note: May include both full-time and full-time equivalent employees. Data Sources From a canvas of employers, IL Services and Manufacturers Directory, Harris Illinois Industrial Directory VILLAGE OF PLAINFIELD, ILLINOIS 20142022 - 130 - Function/Program 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Administration/Finance 15.00 14.50 15.50 16.00 16.00 16.00 16.00 16.00 17.00 17.00 Police Department 75.50 76.50 76.50 77.50 76.50 76.50 80.00 82.00 85.00 82.00 Streets Department 18.50 18.50 18.50 18.50 18.50 18.50 18.50 18.50 18.50 19.50 Community Development 8.00 8.00 8.00 9.50 14.00 15.00 15.00 14.50 14.50 14.50 Water and Sewer Department 11.50 11.50 11.50 11.50 11.50 11.50 10.50 11.00 11.00 11.50 Public Works Engineering 3.00 3.00 3.00 3.00 3.00 3.00 4.00 4.00 4.00 4.00 TOTAL 131.50 132.00 133.00 136.00 139.50 140.50 144.00 146.00 150.00 148.50 Data Source Village Human Resources Department VILLAGE OF PLAINFIELD, ILLINOIS FULL-TIME EQUIVALENT EMPLOYEES Last Ten Fiscal Years - 131 - Function/Program 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 PUBLIC SAFETY Police Calls for service 37,529 34,570 33,252 34,031 34,176 33,476 36,828 39,715 30,808 38,588 Total traffic citations 11,086 9,819 7,951 6,974 6,842 6,285 7,464 8,212 5,294 7,060 Total DUI arrests 119 107 89 69 66 76 99 88 93 94 Total crashes 1,010 1,121 1,200 1,272 1,020 1,151 1,347 1,320 850 1,210 D.A.R.E Program student attendance 1,200 4,544 1,200 1,631 2,100 2,100 790 782 817 751 BUILDING PERMITS ISSUED New residential units 111 135 166 138 143 144 180 201 255 361 General construction inspections 6,619 8,016 6,367 7,801 8,095 8,816 8,453 10,490 11,300 13,589 Commercial/office/industrial added (sq ft.)71,414 194,250 - 59,399 342,429 38,757 95,421 1,674,667 280,610 557,110 Acreage annexed 277 6 86 176 3 59 207 65 3 98 PUBLIC WORKS Asphalt patching/pothole repairs (tons)136 109 104 72 55 156 122 150 124 175 Shoulder stone repaired (tons)1,173 824 945 390 277 748 1,096 352 502 1,264 Snow removal events 12 26 27 23 21 19 30 26 20 19 Street sweeping (lane miles)1,958 1,635 1,334 1,398 1,906 2,180 1,964 1,718 1,534 1,968 Grounds maintenance and mowing (hours)1,709 1,904 1,552 1,674 1,026 1,483 2,949 1,937 1,918 1,564 WATER Average daily flow (MGD)3.49 3.205 3.098 3.136 3.092 3.234 3.34 3.148 3.35 3.579 Peak daily flow (MGD)6.644 5.941 4.656 5.292 5.768 5.218 6 4.7 5.89 6.861 Water main breaks 2 1 6 4 4 9 4 9 4 7 Number of valves exercised 19 513 1,096 441 28 1,700 1,200 1,843 45 35 WASTEWATER Miles of sanitary sewer main 220 220 220 220 221 221 220 223 223 223 Average daily flow (MGD)3.21 4.441 4.663 4.460 4.372 4.763 4.587 5.758 5.142 4.402 Bio-solids treated (tons)799 771 945 879 888 893 972 878 835 872 Sewers inspected/cleaned (feet)23,200 13,200 6,200 14,006 13,450 13,197 24,568 68,138 60,073 47,718 Data Source Various Village departments VILLAGE OF PLAINFIELD, ILLINOIS OPERATING INDICATORS Last Ten Calendar Years - 132 - Function/Program 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 BUILDING PERMIT REVENUE 447,103$ 561,591$ 677,304$ 983,448$ 952,317$ 855,481$ 1,087,619$ 1,171,669$ 1,495,052$ 1,846,761$ UTILITY BILLING Total Billing Accounts (as of 4/30)12,811 12,997 13,217 13,400 13,565 13,708 13,862 14,058 14,328 14,678 Water consumption billed (cubic feet) Residential 123,441,600 125,383,157 115,777,283 107,567,800 112,559,000 110,776,966 112,720,800 107,941,200 125,752,448 120,462,373 Commercial 22,609,487 13,257,815 13,161,991 17,301,547 20,934,889 18,481,670 18,750,621 19,115,120 15,775,926 19,543,579 Industrial 17,775,104 19,647,597 18,882,494 18,682,642 19,888,798 23,267,214 21,632,287 17,208,495 1,639,728 16,555,958 Data Source Various Village departments Last Ten Fiscal Years VILLAGE OF PLAINFIELD, ILLINOIS OPERATING INDICATORS - 133 - CAPITAL ASSET STATISTICS Last Ten Fiscal Years Function/Program 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 PUBLIC SAFETY Police Stations 1 1 1 1 1 1 1 1 1 1 Area patrols 6 6 6 6 6 6 6 6 6 6 Patrol units/shift 6 6 6 6 6 6 6 6 6 6 PUBLIC WORKS Lane miles of streets 410 410 410 410 410 410 410 420 420 420 Traffic signals 4 4 4 4 4 4 4 4 4 4 WATER Water mains (miles)229 229 229 229 230 230 230 235 245 245 Storage capacity (gallons)9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 9,200,000 WASTEWATER Sanitary sewers (miles)220 220 220 220 221 221 221 223 223 223 Treatment capacity (gallons)7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 Data Source Various Village departments VILLAGE OF PLAINFIELD, ILLINOIS - 134 -