HomeMy Public PortalAboutFY 2013 Certified Comprehensive Annual Financial ReportVillage of Glenview,
Illinois
Comprehensive Annual Financial Report
For the Fiscal Year Ended December 31, 2013
Village of Glenview,
Illinois
Comprehensive Annual Financial Report
For the Fiscal Year Ended December 31, 2013
Prepared by:
Administrative Services - Finance Division
i
Village of Glenview, Illinois
Comprehensive Annual Financial Report
For the Year Ended December 31, 2013
Table of Contents
Page
Table of Contents i - v
INTRODUCTORY SECTION
Officers and Officials vi
Certificate of Achievement for Excellence in Financial Reporting vii
Letter of Transmittal viii - xii
Organizational Chart xiii
FINANCIAL SECTION
Independent Auditors' Report 1 – 3
Management's Discussion and Analysis 4 - 21
Basic Financial Statements
Government-wide Financial Statements
Statement of Net Position 22 - 23
Statement of Activities 24 - 25
Fund Financial Statements
Balance Sheet – Governmental Funds 26
Reconciliation of the Governmental Funds Balance Sheet to the
Statement of Net Position 27
Statement of Revenues, Expenditures, and Changes in
Fund Balances – Governmental Funds 28
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures, and Changes in Fund Balances to the Statement of Activities 29
Statement of Net Position – Proprietary Funds 30 - 31
Statement of Revenues, Expenses, and Changes in Fund Net Position –
Proprietary Funds 32 - 33
Statement of Cash Flows – Proprietary Funds 34 - 37
Statement of Fiduciary Net Position – Fiduciary Funds 38
Statement of Changes in Plan Net Position – Pension Trust Funds 39
Notes to Financial Statements 40 - 93
Required Supplementary Information (Unaudited)
Schedules of Funding Progress
Illinois Municipal Retirement Fund 94
Police Pension Plan 94
Firefighters' Pension Plan 94
Other Postemployment Benefit Plan 95
(Continued)
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Village of Glenview, Illinois
Comprehensive Annual Financial Report
For the Year Ended December 31, 2013
Table of Contents
Page
FINANCIAL SECTION (Continued)
Required Supplementary Information (Unaudited) (Continued)
Schedules of Employer Contributions
Police Pension Plan 96
Firefighters' Pension Plan 96
Schedule of Revenues, Expenditures, and Changes in Fund Balance –
Budget and Actual
General Fund 97
Special Tax Allocation Fund 98
Notes to Required Supplementary Information 99
Supplemental Information
Governmental Funds
Major Funds
Schedule of Detailed Revenues and Other Financing Sources - Budget and Actual
General Fund 100 - 103
Schedule of Detailed Expenditures and Other Financing Uses - Budget and Actual
General Fund 104 - 109
Schedules of Detailed Revenues, Expenditures, and Changes in Fund
Balance - Budget and Actual
Special Tax Allocation Fund 110
Village Permanent Fund 111
Nonmajor Governmental Funds
Combining Balance Sheet 112
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 113
Nonmajor Special Revenue Funds
Combining Balance Sheet 114
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 115
Schedules of Revenues, Expenditures, and Changes in Fund Balance –
Budget and Actual
Motor Fuel Tax Fund 116
Foreign Fire Insurance Fund 117
Police Department Special Account Fund 118
Waukegan Golf TIF Fund 119
Nonmajor Debt Service Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual - Corporate Purpose Bonds Fund 120
(Continued)
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Village of Glenview, Illinois
Comprehensive Annual Financial Report
For the Year Ended December 31, 2013
Table of Contents
Page
FINANCIAL SECTION (Continued)
Supplemental Information (Continued)
Nonmajor Governmental Funds (Continued)
Nonmajor Capital Project Funds
Combining Balance Sheet 121
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 122
Schedules of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual
Capital Projects Fund 123
Glen Capital Projects Fund 124
Proprietary Funds
Major Enterprise Funds
Schedules of Revenues, Expenses, and Changes in Net Position –
Budget and Actual (Budgetary Basis)
Glenview Water Fund 125 - 126
North Maine Water and Sewer Fund 127 - 128
Glenview Sanitary Sewer Fund 129 - 130
Nonmajor Enterprise Funds
Combining Statement of Net Position 131
Combining Statement of Revenues, Expenses, and Changes in Net Position 132
Combining Statement of Cash Flows 133 - 134
Schedules of Revenues, Expenses, and Changes in Net Position –
Budget and Actual (Budgetary Basis)
Wholesale Water Fund 135
Commuter Parking Lot Fund 136
Internal Service Funds
Combining Statement of Net Position 137 - 138
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position 139 - 140
Combining Statement of Cash Flows 141 - 142
Schedules of Revenues, Expenses, and Changes in Net Position –
Budget and Actual (Budgetary Basis)
Capital Equipment Replacement Fund (CERF) 143
Municipal Equipment Repair Fund 144
Insurance and Risk Fund 145
Facilities Replacement Fund 146
(Continued)
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Village of Glenview, Illinois
Comprehensive Annual Financial Report
For the Year Ended December 31, 2013
Table of Contents
Page
FINANCIAL SECTION (Continued)
Supplemental Information (Continued)
Trust and Agency Funds
Pension Trust Funds
Combining Statement of Fiduciary Net Position 147
Combining Statement of Changes in Fiduciary Net Position 148
Schedule of Changes in Plan Net Position - Budget and Actual
Police Pension Fund 149
Firefighters' Pension Fund 150
Agency Funds
Statements of Changes in Assets and Liabilities 151 - 152
Glenview Library - Component Unit
Combining Balance Sheet and Statement of Net Position 153 - 156
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
and Statement of Activities 157 - 158
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Library General Fund 159 - 162
Library General Obligation Bond Series of 2009A 163
Library Nonmajor Funds
Combining Balance Sheet 164 - 165
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 166 - 167
Schedules of Revenues, Expenditures, and Changes in Fund
Balance (Deficit) - Budget and Actual
Library New Building Fund 168
Library Special Reserve Fund 169
Other Supplemental Information
Long-Term Debt Requirements
Corporate Purpose Note Series 1997 170
General Obligation Bond Series 2004B 171
General Obligation Bond Series 2006A 172
General Obligation Bond Series 2007A 173
General Obligation Bond Series 2007B 174
General Obligation Bond Series 2009A 175
General Obligation Bond Series 2009D 176
Illinois Environment Protection Agency Loan 177
General Obligation Refunding Bond Series 2012A 178
General Obligation Refunding Bond Series 2012B 179
General Obligation Refunding Bond Series 2012C 180
General Obligation Bond Series 2013A 181
General Obligation Bond Series 2013B 182
Taxable Term Loan 183
(Continued)
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Village of Glenview, Illinois
Comprehensive Annual Financial Report
For the Year Ended December 31, 2013
Table of Contents
Page
Other Supplemental Information (Continued)
Glenview Naval Air Station (GNAS) Redevelopment Area Funds
Combining Balance Sheet 184
Combining Schedule of Revenues, Expenditures, and Changes in
Fund Balances 185
STATISTICAL SECTION (UNAUDITED)
Index to Statistical Section 186
Financial Trends
Net Position, Last Ten Fiscal Years 187 - 188
Changes in Net Position, Last Ten Fiscal Years 189 - 192
Fund Balances of Governmental Funds, Last Ten Fiscal Years 193 - 194
Changes in Fund Balances of Governmental Funds, Last Ten Fiscal Years 195 - 196
Revenue Capacity
Property Tax Information
Assessed Value and Actual Value of Taxable Property, Last Ten Levy Years 197 - 198
Direct and Overlapping Property Tax Rates, Last Ten Levy Years 199 - 202
Principal Property Tax Payers, Current Year and Nine Years Ago 203
Property Tax Levies and Collections, Last Ten Tax Levy Years 204
Debt Capacity
Ratios of Outstanding Debt by Type, Last Ten Fiscal Years 205
Ratios of General Bonded Debt Outstanding, Last Ten Fiscal Years 206
Direct and Overlapping Governmental Activities Debt 207
Legal Debt Margin Information 208
Demographic and Economic Information
Demographic and Economic Statistics, Last Ten Fiscal Years 209
Principal Employers, Current Year and Nine Years Ago 210
Operating Information
Full-time Equivalent Employees by Function/Program, Last Ten Fiscal Years 211 - 212
Operating Indicators by Function/Program, Last Ten Fiscal Years 213 - 214
Capital Asset Statistics by Function/Program, Last Ten Fiscal Years 215 - 216
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Village of Glenview, Illinois
Officers and Officials
December 31, 2013
LEGISLATIVE
James R. Patterson, Jr.
Village President
Paul Detlefs, Trustee Michael Jenny, Trustee
Philip O’C. White, Trustee Deborah Karton, Trustee
John Hinkamp, Trustee Scott Britton,Trustee
Todd Hileman
Village Clerk/Treasurer
ADMINISTRATIVE
Todd Hileman, Village Manager
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June 9, 2014
Honorable Village President Patterson
Members of the Board of Trustees
Residents of the Village of Glenview
State law requires that every general-purpose local government publish, within six months of the close of
each fiscal year, a complete set of audited financial statements. The Comprehensive Annual Financial
Report of the Village of Glenview, Illinois, for the fiscal year ended December 31, 2013 is published to
fulfill that requirement.
Management assumes full responsibility for the completeness and reliability of the information contained
in this report, based upon a comprehensive framework of internal controls that are established for this
purpose. Because the cost of internal controls should not exceed the anticipated benefits, the objective is
to provide reasonable, rather than absolute, assurance that the financial statements are free of any
material misstatements.
McGladrey LLP, Certified Public Accountants, has issued an unmodified (“clean”) opinion on the Village
of Glenview’s (the “Village”) financial statements for the year ended December 31, 2013. The
independent auditor’s report is located at the front of the financial section of this report.
Management’s Discussion and Analysis (“MD&A”) immediately follows the independent auditor’s report
and provides a narrative introduction, overview, and analysis of the basic financial statements. MD&A
complements this letter of transmittal and should be read in conjunction with it.
Profile of the Village of Glenview
The Village, incorporated in 1899, is located in northern Cook County and is 20 miles north of the City of
Chicago. The Village serves a population of approximately 44,692. The Village is considered to be a
primary government and provides a full range of general governmental services. The Village is
empowered to levy a property tax on real property located within its boundaries. It also is empowered by
state statute to extend its corporate limits by annexation, which it has done from time to time.
The Village’s legislative body consists of the Village President and a Board of six Trustees, all elected on
an at-large basis to overlapping four-year terms. The Village Manager is responsible for the day-to-day
operations of the Village. The Village of Glenview is a home rule municipality as defined by the Illinois
Constitution.
The Village provides comprehensive governmental services, including police and fire protection, health
services, water and sewer utilities, street construction and maintenance, code enforcements, planning
and zoning and general administrative services. In addition to serving Village residents, the Fire
Department also provides fire protection and ambulance service to the Village of Golf as well as the
Glenbrook Fire Protection District which is comprised of approximately 20,000 residents located in
unincorporated Cook County. Both of these entities have long-term intergovernmental agreements with
the Village to pay for these services. Additionally, the Village operates the North Maine utilities system
which provides water and sewer service to 5,000 customers also primarily in unincorporated Cook
County. In May of this year, the Village has entered into an Asset Purchase Agreement with Aqua, Illinois,
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Inc. for the sale of the North Maine Utility system. This sale is currently proceeding through the regulatory
process and is projected to close in 2015.
Long-Term Financial Planning
The Village of Glenview Comprehensive Annual Financial Report includes all of its governmental and
business-type operation funds, pension trust funds (the Glenview Police Pension Fund and the Glenview
Firefighters’ Pension Fund), agency funds, and component unit (the Glenview Public Library) funds,
based on financial accountability. The accompanying financial statements include only those funds of the
Village and Library, as there are no other organizations for which it has financial accountability. The
pension funds are determined to be pension trust funds due to their fiduciary and fiscal relationships with
the Village as their sole purpose is to provide retirement benefits to the Village’s sworn police officers and
firefighters. The Public Library is discretely presented since it is governed by a separately elected Board
of Trustees.
The annual budget serves as the foundation for the Village’s financial planning and control. State law
requires that a municipality operating under the budget system adopt its annual budget prior to the start of
its fiscal year. Through the budget, spending authority is conveyed by the expenditure object. The legal
level of budgetary control is the fund level.
The Village utilizes a 5-year Capital Improvement Program (“CIP”) to address major capital and
infrastructure improvements. For a project to be included in the CIP, it must involve the creation or
purchase of a tangible asset with an original cost of at least $25,000 and a useful life of more than one
year. The Village has primarily followed a “pay-as-you-go” funding strategy for maintenance and
replacement of assets and has issued debt for new projects.
Local Economy
The Village of Glenview has a well-established reputation as a preeminent community, located in the
northern corridor of the Chicago metropolitan area. The Village of Glenview is an outstanding place to live
and work, with an ideal mix of single family and multi-family residential housing, corporate headquarters
and commercial/industrial businesses, and excellent schools and municipal services. Of the Village’s
2012 assessed valuation, 71.5% was classified as residential, and 28.5% was commercial/industrial.
A number of revenue sources have shown steady growth over the past several years. During 2013, for
instance, annual sales tax revenue surpassed 2008 levels for the first time. The 2013 revenue amount of
$13,833,697 was 5.67% higher than the sales tax revenue received in 2012 and 5.46% higher than the
revenue from 2008. Additionally, prior to 2011, state shared income tax had not increased since 2008,
but has steadily increased in each of the last three fiscal years; by $20,362 or .58% in 2011, by $138,998
or 3.6% in 2012 and by $347,401 or 8.77% in 2013. Fiscal Year 2013 was also the first year that income
tax receipts exceeded the 2008 level; by $102,562 or 2.44%.
While retail sales have exceeded 2008 levels, the Village is also pleased to report that its retail base
continues to become more diversified. This diversification is evidenced by a comparison of the retail sales
tax mix from 2001 to 2013. Specifically, in 2001, sales tax revenue related to the Illinois Department of
Revenue’s automotive sales tax category (Automobile and Filling Stations) accounted for 45% of the
Village’s total tax receipts. While this component is still very critical to the Village and generated $4.0
million or 29% of sales tax receipts in 2013, the Furniture and Electronics sales tax category, which in
2001 generated approximately 1% of sales tax receipts, in 2013 generated $3.8 million, or 27% of sales
tax receipts for the year. This growth in the Furniture and Electronics sales tax category is due to the
2002 relocation of a major retail electronics store into Glenview, which is still growing and has recently
proposed a minimum of 100,000 square feet of new warehouse/distribution space to be constructed in
2014 and 2015.
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Another indicator of the strength of the Village of Glenview’s local economy is apparent in the median
family income figures from the 2010-2012 American Community Survey (“ACS”) which reported that the
average income of Glenview residents exceeded the county and state averages. According to ACS,
Glenview’s 2010-2012 median family income was $120,083, compared to $63,900 for Cook County and
$68,251 for the State of Illinois.
Major Initiatives and Accomplishments
Village Board Goals and Initiatives – The Board of Trustees developed and prioritized the 2013
strategic goals which provided the overarching framework to promote the Village Board’s vision of
providing outstanding services and programs in a fiscally prudent environment. The strategic goals
included guiding the analysis, design and implementation of the information technology assets; continuing
to improve the operating budget and financial practices to promote efficient service delivery fiscal
responsibility and transparency; continuing to improve operations, staffing and programs to maximize
quality of service and efficiency; enhancing the Village’s community planning and economic development
efforts; continuing to develop intergovernmental relationships; enhancing the Village communication
program to promote expedient and effective dissemination of information to internal and external
customers of the Village; and improving the capital improvement program in an effective and fiscally-
responsible manner.
The Village Board, management and staff are pleased to report that a primary goal of maintaining service
levels while not increasing the burden to the taxpayers has been substantially achieved despite a
recessionary environment and political uncertainty regarding the financial position of the State of Illinois,
which continues to explore opportunities to both shift costs to local governments and reduce local
governments’ share of tax revenues.
Within this context, the Village Board, management, and staff have engaged in regular re-evaluation of
every aspect of the Village’s operations to identify opportunities for cost containment and new revenues.
Positive cost containment results have been due to the Village Board and managements’ efforts to “right
size” the organization and develop a staffing model that is flexible and adaptable to changing workload
demands. Cost savings continue to be realized via joint purchasing through the Municipal Partnering
Initiative (“MPI”) which was established in 2010 with other communities to leverage economies of scale
and take advantage of a favorable bidding environment. During 2013 this program was expanded to
include over 25 municipalities participating in a total of 23 programs. New revenues have been
generated by providing public safety dispatching services via fee-for-service agreements with multiple
municipalities, including the Village of Grayslake, the Village of Hainesville, the Village of Morton Grove,
and the Village of Niles. Robust economic activity is perhaps the most reliable generator of long-term
revenues and to that end planning has been underway for several years for the Village’s major business
corridors and key sites, many of which are now undergoing redevelopment.
Development Initiatives
In 2013, several significant redevelopment projects were approved or constructed, resulting in the one-
time revenues associated with annexation and building permit fees as well as long-term revenues
provided via additional property, sales, and utility tax base for the community. It is the Village policy to
match these one-time revenues to one-time expenditures. The one-time expenditures have primarily
been capital projects which include a program to expedite stormwater improvements throughout the
Village which will benefit approximately 2,700 parcels.
Development approvals were secured for the build out of the 40-acre GlenStar development at Willow
Road and I-294, including a 90,000 square foot Mariano’s grocery store, and 17,000 square feet of
other retail (beginning construction in late 2014), 290 rental units (currently under construction) by
Lennar, a high-end day care and pre-school (recently completed) operated by the Gardner School in
16,000 square feet, a 41,000 square foot LA Fitness facility (under construction), a future 1.5 acre
retail building site which will house a 13,000 square foot CVS Pharmacy, and a 2.2 acre future office
site.
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In April 2013, the Village closed on the sale of its fire station headquarters on Glenview Road to
Trammell Crow, as part of a 4 parcel mixed use development consisting of 138 rental units and 9,000
square feet of retail space. The new retail and apartments are scheduled for occupancy in Fall 2014.
Construction of a new fire station on the current Village Hall campus is underway.
The Glen Gate development hearings which began in early 2012 were completed in early 2013 for a
20-acre development by Regency Centers of a 75,000 square foot Mariano’s grocery store and
31,000 square feet of retail, and 238 rental units to be constructed by Focus Development at the
corner of Golf and Waukegan Roads. In conjunction with this development, a Tax Increment
Financing District was approved for the funding of roadway improvements, to be coordinated with the
Illinois Department of Transportation, which are now underway at this intersection.
At the Golf & Waukegan intersection, the site of the former Kraft Foods North American headquarters
was purchased in December 2013 by Illinois Tool Works, a Fortune 200 company, which will occupy
the office campus by late 2014 following a significant renovation.
A Business Improvement District approved by the Village Board to facilitate intersection
improvements at Chestnut Avenue and Waukegan Road, became effective January 1, 2013 and
generated over $33,000 in revenue in its first year.
A ground lease was approved in December 2012 with Heinen’s Fine Foods to construct and operate
a 44,000 square foot grocery store in the downtown; this store opened in May 2014.
An agreement to construct a combined Chrysler, Jeep, Dodge, RAM dealership was executed in late
2012 and the dealership opened in March 2014 at the Willow and Patriot intersection.
Anixter Corporation celebrated the grand opening in May 2013, of a 61,898 square foot addition to its
corporate campus, a product of intergovernmental cooperation resulting in a Cook County Class 7b
real estate tax incentive to facilitate this expansion in Glenview.
The American College of Chest Physicians (ACCP) recently took occupancy of its a new 48,000
square foot corporate headquarters and educational facility on five acres which had been under
construction since Spring 2013.
During 2013, purchase and sale agreements were executed to sell the 41 acres of Village-owned
property at West Lake Avenue and Shermer Road for a 171 unit residential townhome, row home and
single family cluster home development, and a 75,000 square foot church. This sale was finalized in
May 2014.
Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada awarded the Certificate
of Achievement for Excellence in Financial Reporting to the Village for the year ended December 31,
2012. The Certificate of Achievement is a prestigious national award recognizing conformance with the
highest standards for preparation of state and local government financial reports.
In order to be awarded the Certificate of Achievement, the Village had to publish an easily readable and
efficiently organized CAFR that satisfied both generally accepted accounting principles and applicable
legal requirements.
A Certificate of Achievement is only valid for a period of one year. The Village of Glenview has received a
Certificate of Achievement for thirty-one consecutive years (fiscal years ended 1982 through 2012). We
believe that our current report continues to conform to the Certificate of Achievement Program
requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.
The preparation of this report could not be accomplished without the dedicated services of the entire staff
of the Finance Division within the Administrative Services Department and the cooperation and
assistance rendered by the staff of other operating departments of the Village. I would like to express our
appreciation to all of those employees who assisted and contributed to its preparation.
Finally, appreciation is expressed to the Village President, Board of Trustees and the Village Manager for
their leadership and support in planning and conducting the fiscal affairs of the Village.
Respectfully submitted,
~~)/~
Ronald J. Amen, CPA
Chief Financial Officer
Lauterbach and Amen, LLP
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Citizens of Glenview
VillageBoard
Village Manager
Village
Manager’s
Office
Administrative
Services
PoliceFire
Capital Projects
and
Inspectional
Services
Planning and
Economic
Development
Public Works
FINANCIAL SECTION
INDEPENDENT AUDITOR’S REPORT
1
Citizens of Glenview
Independent Auditor’s Report
To the Honorable Village President and
Members of the Board of Trustees
Village of Glenview, Illinois
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, the discretely presented component unit, each major fund, and the aggregate remaining fund
information of the Village of Glenview, Illinois, as of and for the year ended December 31, 2013, and the
related notes to the financial statements, which collectively comprise the Village’s basic financial
statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America.
Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the entity’s
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating
the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, the discretely
presented component unit, each major fund, and the aggregate remaining fund information of the Village
of Glenview, Illinois, as of December 31, 2013, 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.
2
Emphasis of Matter
As discussed in Note 17 to the financial statements, during the year ended December 31, 2013 the
Village implemented the provisions of GASB Statement 65 Items Previously Reported as Assets and
Liabilities which required a restatement of opening net position of $171,771. Our opinion is not modified
with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that management’s
discussion and analysis (pages 4–21), budgetary comparison information (pages 97–99), and pension
and OPEB information (pages 94–96) be presented to supplement the basic financial statements. Such
information, although not a part of the basic financial statements, is required by the Governmental
Accounting Standards Board who considers it to be an essential part of financial reporting for placing the
basic financial statements in an appropriate operational, economic, or historical context. We have applied
certain limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for
consistency with management’s responses to our inquiries, the basic financial statements, and other
knowledge we obtained during our audit of the basic financial statements. We do not express an opinion
or provide any assurance on the information because the limited procedures do not provide us with
sufficient evidence to express an opinion or provide any assurance.
Other Information:
Our audit for the year ended December 31, 2013 was conducted for the purpose of forming opinions on
the financial statements that collectively comprise the Village’s basic financial statements. The
Supplemental Information consisting of combining and individual fund statements and schedules and debt
requirement schedules for the year ended December 31, 2013, and the Introductory and Statistical
sections are presented for purposes of additional analysis and are not a required part of the basic
financial statements.
The Supplemental Information is the responsibility of management and was derived from and relates
directly to the underlying accounting and other records used to prepare the basic financial statements.
The combining and individual fund statements and schedules and debt requirement schedules have been
subjected to the auditing procedures applied in the audit of the basic financial statements for the year
ended December 31, 2013 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 statements and schedules and debt requirement schedules are fairly
stated, in all material respects, in relation to the basic financial statements as a whole for the year ended
December 31, 2013.
3
We also previously audited, in accordance with auditing standards generally accepted in the United
States of America, the basic financial statements of the Village of Glenview, Illinois as of and for the year
ended December 31, 2012 (not presented herein), and have issued our report thereon dated June 12,
2013, which contained unmodified opinions on the respective financial statements of the governmental
activities, the business-type activities, the discretely presented component unit, each major fund, and the
aggregate remaining fund information. The combining and individual fund statements and schedules for
the year ended December 31, 2012 are presented for purposes of additional analysis and are not a
required part of the basic financial statements. Such information is the responsibility of management and
was derived from and relates directly to the underlying accounting and other records used to prepare the
2012 financial statements. The combining and individual fund statements and schedules have been
subjected to the auditing procedures applied in the audit of the 2012 basic financial statements and
certain additional procedures, including comparing and reconciling such information directly to the
underlying accounting and other records used to prepare those financial statements or to those 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 statements
and schedules are fairly stated in all material respects in relation to the basic financial statements as a
whole for the year ended December 31, 2012.
The Introductory Section and Statistical Section have not been subjected to the auditing procedures
applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or
provide any assurance on it.
Schaumburg, Illinois
June 9, 2014
4
Village of Glenview, Illinois
Management’s Discussion and Analysis
December 31, 2013
Our discussion and analysis of the Village of Glenview’s financial performance provides an overview of
the Village’s financial activities for the fiscal year ended December 31, 2013. Please read it in conjunction
with the transmittal letter, which begins on page viii and the Village’s basic financial statements, which
begin on page 22.
FINANCIAL HIGHLIGHTS
The Village’s net position of governmental activities and business-type activities increased by
$3,563,703, or 1.8%, and $5,159,752, or 8.1%, respectively, resulting in total ending net position
for the year of $270,545,886. The net position increased primarily as a result of receiving 10.0%
more of a major governmental revenue source than budgeted coupled with overall governmental
expenses being lower than anticipated.
During the year, government-wide revenues before transfers for the governmental and business-
type activities totaled $119,722,449, while expenses totaled $110,998,994, resulting in the
increase in net position of $8,723,455.
The Village’s net position totaled $270,545,886 on December 31, 2013, which includes a net
investment in capital assets of $197,308,701, $11,484,242 subject to external restrictions, and
$61,752,943 unrestricted net position that may be used to meet the ongoing obligations to
citizens and creditors.
The General Fund reported a surplus for the year of $6,058,735. The operating surplus is
primarily the result of higher than anticipated receipts in building permits and related fees, sales
tax, home rule sales tax, income tax, and unbudgeted land sale revenue and transfer from the
Capital Projects Fund.
USING THIS ANNUAL REPORT
This annual report consists of a series of financial statements. The Statement of Net Position and the
Statement of Activities (on pages 22-25) provide information about the activities of the Village as a whole
and present a longer-term view of the Village’s finances. Fund financial statements begin on page 26. For
governmental activities, these statements tell how these services were financed in the short term as well
as what remains for future spending. Fund financial statements also report the Village’s operations in
more detail than the government-wide statements by providing information about the Village’s most
significant funds. The remaining statements provide financial information about fiduciary activities for
which the Village acts solely as a trustee or agent for the benefit of those outside of the government.
Government-Wide Financial Statements
The government-wide financial statements provide readers with a broad overview of the Village’s
finances, in a manner similar to a private-sector business. The government-wide financial statements can
be found on pages 22- 25 of this report.
5
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
USING THIS ANNUAL REPORT – Continued
Government-Wide Financial Statements - Continued
The Statement of Net Position reports information on all of the Village’s assets, deferred outflows of
resources, liabilities, deferred inflows of resources, with the difference reported as net position. Over time,
increases or decreases in net position may serve as a useful indicator of whether the financial position of
the Village is improving or deteriorating. Consideration of other nonfinancial factors, such as changes in
the Village’s property tax base and the condition of the Village’s infrastructure, is needed to assess the
overall health of the Village.
The Statement of Activities presents information showing how the government’s net position changed
during the most recent fiscal year. All changes in net position are reported as soon as the underlying
event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and
expenses are reported in this statement for some items that will only result in cash flows in future fiscal
periods (e.g., uncollected taxes and earned but unused vacation leave).
Both of the government-wide financial statements distinguish functions of the Village that are principally
supported by taxes and intergovernmental revenues (governmental activities) from other functions that
are intended to recover all or a significant portion of their costs through user fees and charges (business-
type activities). The governmental activities of the Village include general government, public works,
public safety, and development. The business-type activities of the Village include water and sanitary
sewer operations, North Maine water and sanitary sewer operations, wholesale water operations, and
commuter parking operations.
The Village includes one separate legal entity in its report. The Glenview Public Library is presented as a
discretely presented component unit. Although legally separate, this “component unit” is important
because the Village is financially accountable for it. Financial information for the component unit is
reported separately from the financial information presented for the primary government itself.
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 Village, like other local governments, uses fund
accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the
funds of the Village can be divided into three categories: governmental funds, proprietary funds, and
fiduciary funds.
Governmental Funds
Governmental funds 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 spendable resources, as well as on balances of spendable
resources available at the end of the fiscal year. Such information may be useful in evaluating the
Village’s near-term financing requirements.
6
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
USING THIS ANNUAL REPORT – Continued
Governmental Funds - Continued
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. Both the governmental funds balance sheet and the governmental funds statement of
revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate the
comparison between governmental funds and governmental activities.
The Village maintains ten individual governmental funds. Information is presented separately in the
governmental funds balance sheet and in the governmental funds statement of revenues, expenditures,
and changes in fund balances for the General Fund, Special Tax Allocation Fund and the Village
Permanent Fund, all of which are considered to be major funds. Data from the other seven governmental
funds are combined into a single, aggregated presentation. Individual fund data for each of these
nonmajor governmental funds is provided in the form of combining statements elsewhere in this report.
The Village adopts an annual budget for all of the governmental funds. Budgetary comparison schedules
for all budgeted funds have been provided to demonstrate compliance with this budget. The basic
governmental fund financial statements can be found on pages 26-29 of this report.
Proprietary Funds
The Village maintains two proprietary fund types: enterprise and internal service. Enterprise funds are
used to report the same functions presented as business-type activities in the government–wide financial
statements. The Village utilizes enterprise funds to account for its water and sanitary sewer operations,
North Maine water and sanitary sewer operations, wholesale water operations, and commuter parking
operations. Internal service funds are an accounting device used to accumulate and allocate costs
internally among the Village’s various functions.
The Village uses internal service funds to account for its capital equipment replacement program,
municipal equipment repair program, facilities replacement program and health insurance and risk
management programs. These services predominantly benefit governmental rather than business-type
functions, and therefore, have been included within governmental activities in the government-wide
financial statements.
Proprietary fund financial statements provide the same type of information as the government-wide
financial statements, only in more detail. The proprietary fund financial statements provide separate
information for the Glenview Water Fund, the North Maine Water and Sewer Fund, and the Glenview
Sanitary Sewer Fund, all of which are considered to be major funds of the Village. Data from the other
two proprietary funds are combined into a single, aggregated presentation. Conversely, the internal
service funds are presented in the proprietary fund financial statements in a single column. Individual fund
data for the internal service funds is provided elsewhere in this report.
The basic proprietary fund financial statements can be found on pages 30-37 of this report.
7
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
USING THIS ANNUAL REPORT – Continued
Fiduciary Funds
Fiduciary funds are used to account for resources held for the benefit of parties outside the government.
Fiduciary funds are not reflected in the government-wide financial statements because the resources of
those funds are not available to support the Village’s own programs. The accounting use for fiduciary
funds is much like that used for proprietary funds. The basic fiduciary fund financial statements can be
found on pages 38-39 of this report.
Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in
the government-wide and fund financial statements. The notes to the financial statements can be found
on pages 40- 93 of this report.
Other Information
In addition to the basic financial statements and accompanying notes, this report also presents certain
required supplementary information concerning the Village’s Illinois Municipal Retirement Fund, police
and fire pension funds, and other post-employment benefit employee pension obligations. The required
supplementary information also contains budget to actual comparison schedules for the General Fund
and major special revenue funds. Required supplementary information can be found on pages 94-99 of
this report. The combining statements referred to earlier in connection with nonmajor governmental funds
and internal service funds are presented immediately following the required supplementary information on
pensions. Combining and individual fund statements and schedules for the Village can be found on pages
100-152 of this report. Additionally, the combining and individual fund statements for the component unit
can be found on pages 153-169.
GOVERNMENT-WIDE FINANCIAL ANALYSIS
Net position may serve over time as a useful indicator of a government’s financial position. The following
tables show that in the case of the Village of Glenview, assets and deferred outflows of resources
exceeded liabilities and deferred inflows of resources by $270,545,886 at December 31, 2013, compared
to $261,822,431 at December 31, 2012 (as restated for the implementation of a new accounting
standard).
8
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
GOVERNMENT-WIDE FINANCIAL ANALYSIS – Continued
2013 2012 2013 2012 2013 2012
Current and other assets 139,462,795 $ 128,527,995 $ 13,819,222 $ 10,174,512 $ 153,282,017 $ 138,702,507 $
Capital assets 198,957,333 200,367,966 61,268,343 60,357,088 260,225,676 260,725,054
Total assets 338,420,128 328,895,961 75,087,565 70,531,600 413,507,693 399,427,561
Deferred Outflow of Resources2,568,793 - 150,833 - 2,719,626 -
Total deferred outflows 2,568,793 - 150,833 - 2,719,626 -
Long-term liabilities 72,926,562 62,245,045 2,499,865 3,197,809 75,426,427 65,442,854
Other liabilities 55,778,816 68,635,466 3,771,800 3,526,810 59,550,616 72,162,276
Total liabilities 128,705,378 130,880,511 6,271,665 6,724,619 134,977,043 137,605,130
Deferred Inflows of Resources10,704,390 - - - 10,704,390 -
Total deferred inflows 10,704,390 - - - 10,704,390 -
Net Position
Net investment in
capital assets 139,233,309 109,488,722 58,075,392 56,331,598 197,308,701 165,820,320
Restricted 11,484,242 45,978,154 - - 11,484,242 45,978,154
Unrestricted 50,861,602 42,548,574 10,891,341 7,475,383 61,752,943 50,023,957
Total net position, as restated 201,579,153 $ 198,015,450 $ 68,966,733 $ 63,806,981 $ 270,545,886 $ 261,822,431 $
Activities Activities Government
Table 1
Statement of Net Position
As of December 31, 2013 and 2012
Governmental Business-Type Total Primary
A large portion of the Village’s net position, $197,308,701 or 72.9%, reflects its investment in capital
assets (for example, infrastructure, land, buildings and improvements, machinery, and equipment), less
any related debt and deferred outflows of resources used to acquire those assets that is still outstanding.
The Village uses these capital assets to provide services to citizens; consequently, these assets are not
available for future spending. 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.
An additional portion, $11,484,242 or 4.3%, of the Village’s net position represents resources that are
subject to external restrictions on how they may be used, including restrictions for future street
improvements, debt service payments, public safety, and future capital development. The remaining
22.8%, or $61,752,943, represents unrestricted net position and may be used to meet the government’s
ongoing obligations to citizens and creditors.
At the end of the current fiscal year, the Village is able to report positive balances in all three categories of
net position, both for the government as a whole, as well as for its separate governmental and business-
type activities. The same situation held true for the previous fiscal year, as reflected in the table above.
9
Village of Glenview, Illinois
Management’s Discussion and Analysis
December 31, 2013
GOVERNMENT-WIDE FINANCIAL ANALYSIS – Continued
Normal Impacts
There are six basic (normal) transactions that will affect the comparability of the Statement of Net Position
summary presentation:
1) Net Results of Activities – which will impact (increase/decrease) current assets and unrestricted
net position.
2) Borrowing for Capital – which will increase current assets and long-term debt outstanding.
3) Spending Borrowed Proceeds on New Capital – which will reduce current assets and increase
capital assets. There is a second impact, an increase in investment in capital assets and an
increase in related net debt, which will not change the investment in capital assets, net of related
debt total.
4) Spending Nonborrowed Current Assets on New Capital – which will (a) reduce current assets and
increase capital assets and (b) will reduce unrestricted net position and increase investment in
capital assets, net of related debt.
5) Principal Payment on Debt – which will (a) reduce current assets and reduce long-term debt and
(b) reduce unrestricted net position and increase investment in capital assets, net of related debt.
6) Reduction of Capital Assets through Depreciation – which will reduce capital assets and reduce
investment in capital assets, net of related debt.
10
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
Revenue 201320122013201220132012
Program revenues
Charges for services13,996,513 $ 10,328,337 $ 24,941,131 $ 24,694,550 $ 38,937,644 $ 35,022,887 $
Grants and contributions
Operating 1,875,489 1,960,093 - - 1,875,489 1,960,093
Capital 203,909 746,987 - - 203,909 746,987
General Revenue
Taxes
Property 37,383,036 37,275,705 - - 37,383,036 37,275,705
Home rule 7,054,260 6,709,580 - - 7,054,260 6,709,580
Telecommunication 2,526,231 2,771,970 - - 2,526,231 2,771,970
Utility 3,470,078 3,177,929 - - 3,470,078 3,177,929
Other 893,484 836,019 - - 893,484 836,019
Intergovernmental
Sales 13,833,697 13,091,218 - - 13,833,697 13,091,218
State income 4,309,714 3,962,313 - - 4,309,714 3,962,313
Local use 800,511 702,009 - - 800,511 702,009
Road and bridge 370,156 379,563 - - 370,156 379,563
Property replacement 238,011 214,116 - - 238,011 214,116
Other 1,331,099 1,318,686 - - 1,331,099 1,318,686
Investment income 785,925 860,108 27,046 33,790 812,971 893,898
Gain on legal settlement - - 1,571,012 - 1,571,012 -
Other general revenues 4,104,857 1,562,876 6,290 41,947 4,111,147 1,604,823
Total revenues 93,176,970 85,897,509 26,545,479 24,770,287 119,722,449 110,667,796
Expenses
General government 38,505,592 40,172,192 - - 38,505,592 40,172,192
Public works 7,743,333 6,670,428 - - 7,743,333 6,670,428
Public safety 27,152,669 27,145,548 - - 27,152,669 27,145,548
Development 14,486,953 6,421,304 - - 14,486,953 6,421,304
Interest on long-term debt 2,547,042 2,954,532 - - 2,547,042 2,954,532
Water services - - 9,880,585 10,339,739 9,880,585 10,339,739
North Maine water and
sewer - - 7,399,181 7,399,749 7,399,181 7,399,749
Sanitary sewerage - - 1,789,883 1,729,509 1,789,883 1,729,509
Wholesale water - - 1,129,077 1,157,835 1,129,077 1,157,835
Commuter parking - - 364,679 449,674 364,679 449,674
Total expenses 90,435,589 83,364,004 20,563,405 21,076,506 110,998,994 104,440,510
Change in net position
before transfers 2,741,381 2,533,505 5,982,074 3,693,781 8,723,455 6,227,286
Transfers 822,322 827,016 (822,322) (827,016) - -
Change in net position 3,563,703 3,360,521 5,159,752 2,866,765 8,723,455 6,227,286
Net position - beginning, as restated 198,015,450 194,654,929 63,806,981 60,940,216 261,822,431 255,595,145
Net position - ending, as restated 201,579,153 $ 198,015,450 $ 68,966,733 $ 63,806,981 $ 270,545,886 $ 261,822,431 $
Activities Activities Government
Table 2
Changes in Net Position
For the Fiscal Years Ended December 31, 2013 and 2012
Governmental Business-Type Total Primary
11
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
GOVERNMENT-WIDE FINANCIAL ANALYSIS – Continued
Normal Impacts
There are eight basic (normal) impacts on revenues and expenses as reflected below:
Revenues:
1) Economic Condition – which can reflect a declining, stable, or growing economic environment
and has a substantial impact on state income, sales, and utility tax revenue as well as public
spending habits for building permits, elective user fees, and levels of consumption.
2) Increase/Decrease in Village-Approved Rates – while certain tax rates are set by statute, the
Village Board has significant authority to impose and periodically increase/decrease rates
(property taxes, water, sewer, impact fees, building fees, home rule sales tax, etc.).
3) Changing Patterns in Intergovernmental and Grant Revenue (both Recurring and Nonrecurring) –
certain recurring revenues (state-shared revenues, etc.) may experience significant changes
periodically, while nonrecurring (or one-time) grants are less predictable and often distorting due
to their impact on year-to-year comparisons.
4) Market Impacts on Investment Income – the Village’s investment policy is managed using a
similar average maturity to most governments. Market conditions may cause investment income
to fluctuate.
Expenses:
5) Introduction of New Programs – within the functional expense categories (general government,
public works, public safety, etc.), individual programs may be added or deleted to meet changing
community needs.
6) Change in Authorized Personnel – changes in service demand may cause the Village Board to
increase/decrease authorized staffing. Personnel costs (salary and related benefits) represent
approximately 51.5% of the Village’s General Fund expenditures (including transfers) and
approximately 16.2% of enterprise operating costs at December 31, 2013.
7) Salary Increases (Annual Adjustments and Merit) – the ability to attract and retain human and
intellectual resources requires the Village to strive to approach a competitive salary range
position in the marketplace.
8) Inflation – while overall inflation appears to be reasonably modest, the Village is a major
consumer of certain commodities such as supplies, fuels, and parts. Some functions may
experience unusual commodity-specific increases.
12
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
GOVERNMENT-WIDE FINANCIAL ANALYSIS – Continued
Net position of the Village’s governmental activities increased by 1.8%, or $3,563,703 ($201,579,153 in
2013 compared to a restated value of $198,015,450, in 2012). In 2012, the net position increased for
governmental activities by $3,360,521. Unrestricted net position, the part of net position that can be used
to finance day-to-day operations without constraints, totaled $50,861,602 at December 31, 2013, an
increase of $8,313,028 from 2012. Net position of business-type activities increased by 8.1%, or
$5,159,752 ($68,966,733 in 2013 compared to $63,806,981 in 2012). In 2012, the net position increased
for business-type activities by $2,866,765. Unrestricted net position totaled $10,891,341 at December 31,
2013, an increase of $3,415,958.
Governmental Activities
Revenues:
Revenues for governmental activities totaled $93,176,970 at December 31, 2013 and $85,897,509 at
December 31, 2012, an increase of $7,279,461. Some key changes during the year for the governmental
activity revenues are described below:
Charges for Services revenues increased by $3,668,176 or 35.5% due in part to a combination of
an increase in building permits, and related fees (including annexation fees) of $3,117,109, an
increase in dispatch service revenue of $705,898, and an increase in lease fees of $179,648;
coupled with decreases in telecommunications taxes, 911 related fees and recycling incentive
revenues of $245,739, $33,371 and $18,329, respectively.
Home Rule Sales Tax increased from $6,709,580 at December 31, 2012 to $7,054,260 at
December 31, 2013, reflecting a 5.1% increase also due to the general increase in the retail sales
during the year.
Intergovernmental taxes increased $1,215,283 or 6.2%, which included an increase in Sales Tax
of $742,479, an increase in Income Tax of $347,401 and an increase in Other Taxes of $125,403.
The increase in Sales Tax is due to the general increase in retail sales during the year while the
Income Tax increase represents the current positive trend in income tax increases.
Other general revenues increased by $2,541,981, primarily due to the sale of the former Fire
Station 6 property for $2,500,000.
13
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
GOVERNMENT-WIDE FINANCIAL ANALYSIS – Continued
Governmental Activities – Continued
The following table graphically depicts the major revenue sources of the Village. It depicts very clearly the
reliance of property taxes and sales taxes to fund governmental activities. It also clearly identifies the less
significant percentage the Village receives from income taxes, telecommunication taxes, and utility taxes.
14
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
GOVERNMENT-WIDE FINANCIAL ANALYSIS – Continued
Governmental Activities – Continued
For the year ended December 31, 2013, governmental activities expenses totaled $90,435,589, an
increase of $7,071,585, or 8.4% over the 2012 expenses of $83,364,004. A portion of this increase
occurred when an expense was booked to decrease the value of the land in land held for resale in the
amount of $6,359,114. Additionally, during 2013, the Village incurred over $2,655,337 more in non-capital
project costs than in 2012. Contractual services for both the consolidated contract and financial services
contract increased by $674,584 over 2012. Also, personnel costs for 911 staff increased by $445,871
associated with hiring additional staff due to new contracts with Morton Grove and Niles for 911 dispatch
services. These increases were offset by a decrease of $4,180,000 in incentive fees for development
agreements that were budgeted for in 2013, but paid out as a one-time fee at the end of 2012.
Business-Type activities
Business-Type activities posted total revenues of $26,545,479, while the cost of all business-type
activities totaled $20,563,405. This results in a surplus of $5,982,074 prior to net transfers out of
$822,322. In 2012, revenues of $24,770,287 exceeded expenses of $21,076,506, resulting in a surplus of
$3,693,781 prior to net transfers out of $827,016.
Revenues
For the fiscal year ended December 31, 2013, revenues for the business-type activities totaled
$26,545,479, an increase of $1,775,192, or 7.2%, due primarily to legal settlement receipts in the amount
of $1,571,012.
Expenses
Expenses for the year ended December 31, 2013 totaled $20,563,405, a decrease of $513,101, or 2.4%,
primarily as a result of a decrease in the cost to purchase water as 2013 was a normal weather year
compared to 2012’s excessive heat and low precipitation.
15
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS
As noted earlier, the Village uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Governmental Funds
The focus of the Village’s governmental funds is to provide information on near-term inflows, outflows,
and balances of spendable resources. In particular, unassigned fund balance may serve as a useful
measure of a government’s net resources available for spending at the end of the fiscal year.
The Village’s governmental funds reported combining ending fund balances of $85,631,807, which is
$13,829,059, or 19.3%, higher than last year’s total of $71,802,748. Of the $85,631,807 total,
$26,823,063, or approximately 31.3%, of the fund balance constitutes unassigned fund balance.
General Fund
The General Fund reported a surplus for the year of $6,058,735, an increase of 23.5%. This is a result of
receiving higher than anticipated building permit and related fees, sales tax, home rules sales taxes and
income taxes, as well as a large one-time transfer of excess fund balance from the Capital Projects Fund.
These positive revenue results were partially offset by slightly accelerated expenditures when compared
to budget. Specifically, total expenditures were $90,009 higher than budget.
The General Fund is the chief operating fund of the Village. At December 31, 2013, unassigned fund
balance in the General Fund was $26,823,063, which represents 84.3% of the total fund balance of the
General Fund. As a measure of the General Fund’s liquidity, it is useful to compare unassigned fund
balance to total fund expenditures. Unassigned fund balance in the General Fund represents
approximately 44.3% of total General Fund expenditures (including transfers).
Other Major Funds
The Special Tax Allocation Fund is used to account for the incremental property tax revenue that is
generated through the growth of the assessed valuation at The Glen, (formally referred to as Glenview
Naval Air Station) and the ‘Make-Whole’ payments to core jurisdictions within the boundaries of the Tax
Increment Financing District. The core jurisdictions consist of: the Village of Glenview, School District 34,
School District 225, the Glenview Park District, and the Glenview Public Library, a discretely presented
component unit of the Village. This fund also accounts for the service and incentive fees within the Tax
Increment Financing District. At December 31, 2013 the Special Tax Allocation Fund reported revenues in
excess of expenditures and other financing sources (uses) by $2,123,289 partially due to a large one-time
economic incentive payment paid in 2012, but budgeted for in 2013.
16
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS – Continued
Governmental Funds – Continued
Other Major Funds – Continued
The Village Permanent Fund, reported as a capital projects fund, was formed from 20% of the land sales
proceeds of The Glen. Ongoing, the resources are used for Village-wide improvements and economic
development initiatives as well as short-term liquidity for the Village’s Tax Increment Financing (TIF)
projects at The Glen. For the year ended December 31, 2013 the Village Permanent Fund reported
expenditures in excess of revenues by $5,621,142, primarily the result of a decrease in value of Land
Held for Resale in the amount of $5,166,052.
Proprietary Funds
The Village’s proprietary funds provide the same type of information found in the government-wide
financial statements, but in more detail.
The Village reports the Glenview Water, the North Maine Water and Sewer, and the Glenview Sanitary
Sewer Funds as major proprietary funds. The Village also reports two nonmajor proprietary funds, the
Wholesale Water Fund and the Commuter Parking Fund. The Glenview Water Fund accounts for the
provision of water services to the property owners in the Village. The North Maine Water Fund accounts
for the provision of water and sewer services to the property owners in an unincorporated area southwest
of the Village. The Glenview Sanitary Sewer Fund accounts for the provision of sanitary sewer services to
property owners in both incorporated and unincorporated areas of the Village.
The Village purchases Lake Michigan water from neighboring Wilmette. The spread between purchase
and sale rates is intended to finance the operations of the utility system; including labor costs, supplies,
and infrastructure maintenance.
The surplus in the Glenview Water Fund during the current fiscal year was $1,341,704; the previous fiscal
year also reported a surplus of $1,021,709. The surplus in this fund is the result of management and staff
continuing to review all revenue and expense components of the Water Fund. Charges for sales and
services of $10,967,471 were $134,321, or 1.2%, lower than last year while operating expenses were
$343,612, or 3.8%, lower than last year. Unrestricted net position in the Glenview Water Fund totaled
$4,195,767 at December 31, 2013.
17
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS – Continued
Proprietary Funds – Continued
The North Maine Water and Sewer Fund reported a surplus for the current year of $2,653,477 and also
reported a surplus in the prior year of $725,971. The majority of the current year surplus is due to legal
settlement receipts of $1,571,012 coupled with lower than budgeted expenses for water purchases and
non-capital project costs. Operating revenues of $8,611,294 were $381,466 higher than last year and
operating expenses of $7,008,518 were $7,457 higher than last year. Total net position at December 31,
2013 was $7,489,897.
The surplus in the current year in the Glenview Sanitary Sewer Fund was $658,716, resulting in ending
net position of $17,717,812. In the prior year the Glenview Sanitary Sewer Fund also reported a surplus
of $895,776. The current year surplus was due in large part to lower than anticipated non-capital project
costs.
GENERAL FUND BUDGETARY HIGHLIGHTS
During 2013, the Village Board approved two budget amendments. The first amendment was to increase
contractual services for private plan review and inspectional services in the combined amount of
$290,000. The second amendment was to increase the General Fund transfer to Capital Projects Fund in
the amount of $2,500,000 to transfer land sale proceeds received from the sale of the former Fire Station
6 property, resulting in $0 impact to the Village of Glenview General Fund total budget.
General Fund actual revenues and other financing sources for the year totaled $66,596,552 compared to
budgeted revenues of $57,273,785, an overage of $9,322,767. The excess of actual revenues over
budgeted revenues is due to an increase in several revenue sources as well as unbudgeted revenue
received during the year. The largest contributor to this overage was building permit and related
annexation and engineering review fees, which were a combined $3,205,720 over budget. This is due to
a number of large developments beginning construction during the year. Additionally, the Village received
$2,500,000 (unbudgeted) in land sale proceeds from the sale of the former Fire Station 6 property as well
as a total of $1,500,000 (unbudgeted) excess fund balance was transferred from the Capital Projects
Fund to the General Fund as savings in capital spending were realized. State revenues of sales tax,
income tax and home rule sales tax exceeded budget by $657,192, $509,714 and $247,433, respectively.
Also, the 911 dispatch revenue from Niles and Morton Grove exceeded budget by a combined total of
$330,482 due to the fact that the 2013 budget was completed prior to the execution of the final service
agreements. Miscellaneous revenue was over budget by $242,332, due in large part to one-time
revenues received from Commonwealth Edison as a result of a utility tax audit that discovered a number
of accounts not being billed for Glenview’s portion of utility taxes. Local use tax was $150,511 over
budget, related to increased efforts by the state to collect these taxes.
18
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS – Continued
GENERAL FUND BUDGETARY HIGHLIGHTS - Continued
The General Fund actual expenditures (including transfers) for the year of $60,537,817 were $90,009
higher than budgeted expenditures of $60,447,808. Personnel costs were higher than budget by
$371,423, or 1.2%. The majority of this is due to unbudgeted overtime costs related to traffic control
during construction on Willow Road from June through November as well as call-back pay to replace
employees out due to injury. Contractual expenditures and commodities were a combined $148,457
lower than budget due to a combination of budgeted expenditures either not incurred or delayed. For
instance, savings were realized in both building maintenance and recycling costs as the actual
expenditures were lower than expected while utility costs were also lower than anticipated because of the
mild winter temperatures in January through March 2013 and a cooler summer. Other charges were
$89,639 higher than budget due primarily to the public safety pension expenditure being $54,531 over
budget. Interfund charges were $169,830 lower than budget as vehicle maintenance costs were much
lower than predicted, partially due to the mild weather early in the year.
Original Final
Budget Budget Actual
Revenues
Taxes 24,853,422 $ 24,853,422 $ 24,721,971 $
Intergovernmental 21,860,289 21,860,289 23,234,196
Other 8,839,452 8,839,452 15,374,746
Total revenues 55,553,163 55,553,163 63,330,913
Expenditures (50,707,492) (50,998,946) (51,117,389)
Transfers in 1,720,622 1,720,622 3,265,639
Transfers out (6,948,862) (9,448,862) (9,420,428)
Total expenditures and
net transfers (55,935,732) (58,727,186) (57,272,178)
Net change in fund balance (382,569) $ (3,174,023) $ 6,058,735 $
Table 3
General Fund Budgetary Highlights
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
The Village’s investment in capital assets for its governmental and business type activities as of
December 31, 2013 was $260,225,676 (net of accumulated depreciation). This investment in capital
assets includes land, buildings and improvements, machinery, equipment, and vehicles, water and
sanitary sewer system improvements, and other infrastructure improvements.
19
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
CAPITAL ASSETS AND DEBT ADMINISTRATION - Continued
Capital Assets - Continued
2013 2012 2013 2012 2013 2012
Construction in progress1,379,319 $ -$ 256,801 $ -$ 1,636,120 $ -$
Land 6,935,698 6,935,698 802,851 802,851 7,738,549 7,738,549
Land right of way 55,245,571 55,238,798 - - 55,245,571 55,238,798
Buildings and improvements 56,336,357 58,313,043 1,792,978 1,864,023 58,129,335 60,177,066
Machinery, equipment and
vehicles 4,992,937 4,466,759 533,529 541,300 5,526,466 5,008,059
Infrastructure 74,067,451 75,413,668 - - 74,067,451 75,413,668
Water system - - 39,764,911 39,298,083 39,764,911 39,298,083
Sanitary sewer system - - 18,117,273 17,850,831 18,117,273 17,850,831
Total 198,957,333 $ 200,367,966 $ 61,268,343 $ 60,357,088 $ 260,225,676 $ 260,725,054 $
Activities Activities Government
Governmental
Table 4
Capital Assets at Year End
Net of Depreciation
Business-Type Total Primary
This year’s major additions included:
Additions
Construction in progress 1,636,120 $
Building and improvements 149,919
Infrastructure, including roadways, etc.1,742,904
Machinery, equipment and vehicles1,596,134
Sanitary sewer system 740,678
Water system 1,682,046
Total 7,547,801 $
Additional information on the Village’s capital assets can be found in Note 5 on pages 57-60 of this report.
20
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
CAPITAL ASSETS AND DEBT ADMINISTRATION - Continued
Debt Administration
At year-end, the Village had total outstanding debt of $100,791,687 as compared to $93,613,854 the
previous year, an increase of $7,177,833, or 7.7% which included the sale of Series 2013A and 2013B
General Obligation Bonds as well as a short-term loan, coupled with principal retirements that reduced
the outstanding liability on the bonds. The following is a comparative statement of outstanding debt:
2013 2012 2013 2012 2013 2012
General obligation bonds68,905,000 $ 89,415,000 $ 2,240,000 $ 2,950,000 $ 71,145,000 $ 92,365,000 $
Corporate purpose notes - - 1,095,199 1,248,854 1,095,199 1,248,854
Loans payable 28,551,488 - - - 28,551,488 -
Total assets 97,456,488 $ 89,415,000 $ 3,335,199 $ 4,198,854 $ 100,791,687 $ 93,613,854 $
Governmental Business-Type Total Primary
Activities Activities Government
The Village maintains an Aaa rating from Moody’s for general obligation debt. This rating has not
changed in the past nine years. As the Village is a home rule community, there is no legal limit for
outstanding debt.
Additional information on the Village’s long-term debt can be found in Note 7 on pages 63-70 of this
report.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND RATES
The Village’s elected and appointed officials considered many factors when setting the fiscal-year 2014
budget, tax rates, and fees that will be charged for its governmental and business-type activities. One of
those factors is the economy. The economic downturn beginning in 2008 brought significant declines in
many key revenues that had not surpassed 2008 levels until 2013. Recent trending has shown
improvement and we have anticipated continued, but modest, economic recovery. There is reason to be
cautiously optimistic about the economy and the impact it has on the Village’s finances. Because of this,
the Village budgeted for slight growth in many revenues. The goals remained to minimize the financial
burden on Glenview taxpayers, to continue identifying cost cutting strategies and opportunities,
responsibly utilize Village reserves when necessary, and proactively structure the Village in a way that will
maximize the level of service than can be provided with the current level of resources. Plans for beyond
2014 are also continually being analyzed through three to five year models to ensure the Village’s long
term sustainability.
21
Village of Glenview, Illinois
Management’s Discussion and Analysis (Continued)
December 31, 2013
REQUEST FOR INFORMATION
This financial report is designed to provide a general overview of the Village of Glenview’s finances for all
those with an interest in the government’s finances. Questions concerning any of the information provided
in this report or requests for additional information should be directed to the Administrative Services
Department, Village of Glenview, 1225 Waukegan Road, Glenview, Illinois 60025.
BASIC FINANCIAL STATEMENTS
22
Village of Glenview, Illinois
Statement of Net Position
December 31, 2013
Component
Primary Government Unit
GovernmentalBusiness-typeGlenview
ActivitiesActivitiesTotalLibrary
Assets
Cash and cash equivalents 25,505,853 $ 5,938,135 $ 31,443,988 $ 801,136 $
Investments 61,977,125 5,122,393 67,099,518 3,727,791
Receivables, net of allowances
Taxes 18,603,522 - 18,603,522 7,507,868
Accounts 575,889 3,821,770 4,397,659 -
Other 888,522 - 888,522 -
Prepaid expenses 163,735 - 163,735 -
Inventory 432,054 73,328 505,382 -
Due from other governments 147,041 - 147,041 -
Land held for resale 22,698,200 - 22,698,200 -
Internal balances - advances 1,136,404 (1,136,404) - -
Total current assets 132,128,345 13,819,222 145,947,567 12,036,795
Noncurrent assets
Notes receivable 1,998,667 - 1,998,667 -
Lease receivable 1,534,000 - 1,534,000 -
Net pension asset 3,801,783 - 3,801,783 -
Capital assets
Not being depreciated 63,560,588 1,059,652 64,620,240 5,426,987
Net of accumulated
depreciation 135,396,745 60,208,691 195,605,436 26,434,302
Total noncurrent assets206,291,783 61,268,343 267,560,126 31,861,289
Total assets 338,420,128 75,087,565 413,507,693 43,898,084
Deferred Outflow of Resources
Deferred loss on refunding 2,568,793 150,833 2,719,626 -
(Continued)
See Notes to Financial Statements.
23
Village of Glenview, Illinois
Statement of Net Position (Continued)
December 31, 2013
Component
Primary Government Unit
GovernmentalBusiness-typeGlenview
ActivitiesActivitiesTotalLibrary
Liabilities
Accounts payable 18,896,950 $ 2,748,738 $ 21,645,688 $ 478,944 $
Accrued payroll901,321 84,255 985,576 120,794
Accrued interest payable202,965 25,185 228,150 70,561
Other payables1,813,141 1,500 1,814,641 -
Refundable deposits- 9,040 - -
Unearned revenues 579,917 - 579,917 -
Due to pension trusts25,588 - 25,588 -
Current portion of long-term
liabilities33,358,934 903,082 34,262,016 1,153,291
Total current liabilities55,778,816 3,771,800 59,550,616 1,823,590
Noncurrent liabilities
Long-term liabilities -
due in more than one year72,926,562 2,499,865 75,426,427 21,843,163
Total liabilities128,705,378 6,271,665 134,977,043 23,666,753
Deferred Inflows of Resources
Deferred property taxes10,481,916 - 10,481,916 7,465,915
Deferred interest revenue222,474 - 222,474 -
Total deferred inflows
of resources10,704,390 - 10,704,390 7,465,915
Net Position
Net investment in capital assets139,233,309 58,075,392 197,308,701 9,156,289
Restricted
Street improvements1,454,090 - 1,454,090 -
Public safety304,797 - 304,797 -
Economic development 9,473,182 - 9,473,182 -
Capital projects 252,173 - 252,173 -
Culture and recreation - - - 1,078,185
Unrestricted 50,861,602 10,891,341 61,752,943 2,530,942
Total net position 201,579,153 $ 68,966,733 $ 270,545,886 $ 12,765,416 $
See Notes to Financial Statements.
24
Village of Glenview, Illinois
Statement of Activities
For the Year Ended December 31, 2013
Program Revenues
OperatingCapital
Charges forGrants and Grants and
ExpensesServicesContributionsContributions
Functions/Program
Primary government
Governmental activities
General government 38,505,592 $ 7,242,189 $ 9,203 $ -$
Public works 7,743,333 945,521 1,688,490 6,773
Public safety 27,152,669 5,339,032 94,951 -
Development 14,486,953 469,771 82,845 197,136
Interest 2,547,042 - - -
Total governmental activities 90,435,589 13,996,513 1,875,489 203,909
Business-type activities
Water services 9,880,585 11,213,172 - -
North Maine water and sewer 7,399,181 8,611,294 - -
Sanitary sewerage 1,789,883 2,355,451 - -
Wholesale water 1,129,077 2,190,544 - -
Commuter parking 364,679 570,670 - -
Total business-type activities 20,563,405 24,941,131 - -
Total primary government 110,998,994 $ 38,937,644 $ 1,875,489 $ 203,909 $
Component Unit
Public library 8,425,257 $ 215,594 $ 961,052 $ -$
General revenues and transfers
GTaxes
Property
Home rule sales
Telecommunication
Utility
Other
Intergovernmental revenues - unrestricted
Taxes
Sales
Income
Local use
Other taxes
Investment income
Gain on legal settlement
Miscellaneous
Transfers
Total general revenues and transfers
Change in net position
Net position – beginning of year, as restated
Net position – end of year
See Notes to Financial Statements.
25
Net (Expense) Revenue and Changes in Net Position
Primary GovernmentComponent Unit
GovernmentalBusiness-typeGlenview
ActivitiesActivitiesTotalLibrary
(31,254,200) $ -$ (31,254,200) $ -$
(5,102,549) - (5,102,549) -
(21,718,686) - (21,718,686) -
(13,737,201) - (13,737,201) -
(2,547,042) - (2,547,042) -
(74,359,678) - (74,359,678) -
- 1,332,587 1,332,587 -
- 1,212,113 1,212,113 -
- 565,568 565,568 -
- 1,061,467 1,061,467 -
- 205,991 205,991 -
- 4,377,726 4,377,726 -
(74,359,678) 4,377,726 (69,981,952)
(7,248,611) $
37,383,036 - 37,383,036 7,781,481
7,054,260 - 7,054,260 -
2,526,231 - 2,526,231 -
3,470,078 - 3,470,078 -
893,484 - 893,484 -
13,833,697 - 13,833,697 -
4,309,714 - 4,309,714 -
800,511 - 800,511 -
1,939,266 - 1,939,266 -
785,925 27,046 812,971 18,777
- 1,571,012 1,571,012 -
4,104,857 6,290 4,111,147 -
822,322 (822,322) - -
77,923,381 782,026 78,705,407 7,800,258
3,563,703 5,159,752 8,723,455 551,647
198,015,450 63,806,981 261,822,431 12,213,769
201,579,153 $ 68,966,733 $ 270,545,886 $ 12,765,416 $
26
Village of Glenview, Illinois
Governmental Funds
Balance Sheet
December 31, 2013
Special TaxVillageNonmajorTotal
GeneralAllocationPermanentGovernmental Governmental
Assets FundFundFundFundsFunds
Cash and cash equivalents4,021,632 $ 1,950,885 $ 3,761,986 $ 13,347,969 $ 23,082,472 $
Investments22,501,189 9,077,487 3,486,679 12,437,452 47,502,807
Receivables, net of allowances
Taxes18,603,522 - - - 18,603,522
Accounts332,607 - - 153,244 485,851
Other236,145 304,120 241 252,368 792,874
Prepaid items15,846 53,289 - - 69,135
Inventory71,892 - - - 71,892
Due from other funds- - - 11,958 11,958
Due from other governments- - - 147,041 147,041
Land held for resale- 22,698,200 - - 22,698,200
Notes receivable55,000 1,943,667 - - 1,998,667
Lease receivable- - 1,534,000 - 1,534,000
Advance to other funds- - 16,355,910 - 16,355,910
Total assets45,837,833 $ 36,027,648 $ 25,138,816 $ 26,350,032 $ 133,354,329 $
Liabilities
Liabilities
Accounts payable1,885,948 $ 14,864,787 $ -$ 1,936,979 $ 18,687,714 $
Accrued payroll 879,449 9,344 - - 888,793
Other payables 303,263 698,571 - 623,442 1,625,276
Due to other funds 11,958 - - - 11,958
Due to pension trusts 25,588 - - - 25,588
Unearned revenue 430,890 750 - 127,657 559,297
Advances from other funds - 15,219,506 - - 15,219,506
Total liabilities 3,537,096 30,792,958 - 2,688,078 37,018,132
Deferred Inflows of Resources
Deferred property taxes 10,481,916 - - - 10,481,916
Deferred interest revenue - - 222,474 - 222,474
Total deferred inflows of resources10,481,916 - 222,474 - 10,704,390
Fund balances
Fund balances
Nonspendable 87,738 53,289 - - 141,027
Restricted - 5,181,401 - 6,302,841 11,484,242
Committed 1,700,000 - - - 1,700,000
Assigned 3,208,020 - 24,916,342 17,359,113 45,483,475
Unassigned 26,823,063 - - - 26,823,063
Total fund balances 31,818,821 5,234,690 24,916,342 23,661,954 85,631,807
Total liabilities, deferred
inflows of resources
and fund balances 45,837,833 $ 36,027,648 $ 25,138,816 $ 26,350,032 $ 133,354,329 $
See Notes to Financial Statements.
27
Village of Glenview, Illinois
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position
December 31, 2013
Total fund balances – governmental funds85,631,807 $
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 funds. 198,957,333
Deferred loss on refunding of debt is not considered to represent a financial
resource and, therefore, are not reported in the funds.2,568,793
An internal service fund is used by the Village to charge the costs of vehicle
and equipment management and insurance to individual funds. The assets
and liabilities of the internal service funds are included in governmental
activities in the Statement of Net Position. Internal service fund net
assets are:15,411,777
Some liabilities reported in the Statement of Net Position do not require the use of
current financial resources and, therefore, are not reported as liabilities in
governmental funds. These liabilities consist of:
Compensated absences payable(1,580,576)
Net other postemployment benefit obligation payable(1,714,494)
Net pension asset3,801,783
General obligation bond payable, net of unamortized items(72,742,817)
Loan payable(28,551,488)
Accrued interest payable(202,965)
Total long-term liabilities not reported in governmental funds(100,990,557)
Net position of governmental activities201,579,153 $
See Notes to Financial Statements.
28
Village of Glenview, Illinois
Governmental Funds
Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year Ended December 31, 2013
Special TaxVillageNonmajorTotal
GeneralAllocationPermanentGovernmental Governmental
FundFundFundFundsFunds
Taxes
Property10,777,918 $ 26,605,118 $ -$ -$ 37,383,036 $
Other13,944,053 - - - 13,944,053
Licenses and permits4,461,768 - - - 4,461,768
Charges for services8,065,705 17,180 - - 8,082,885
Fines and forfeitures228,419 - - - 228,419
Intergovernmental23,234,196 82,845 - 2,430,841 25,747,882
Investment income 115,809 104,276 100,992 20,395 341,472
Other revenues3,045 8,470 - 474,978 486,493
Total revenues60,830,913 26,817,889 100,992 2,926,214 90,676,008
Current
General government16,147,986 19,434,830 - - 35,582,816
Public works7,489,675 - - - 7,489,675
Public safety26,529,039 - - 158,255 26,687,294
Development950,689 - 46,802 18,946 1,016,437
Capital outlay- - - 8,253,623 8,253,623
Debt service
Bond issuance costs- - - 61,176 61,176
Principal - 29,785,000 - 1,198,776 30,983,776
Interest and fiscal charges - 2,125,128 - 636,046 2,761,174
Total expenditures 51,117,389 51,344,958 46,802 10,326,822 112,835,971
Excess (deficiency) of revenues
over expenditures 9,713,524 (24,527,069) 54,190 (7,400,608) (22,159,963)
Other financing sources (uses)
Proceeds from sales of capital assets2,500,000 - - - 2,500,000
Provisions for loss on land held for resale - (1,193,062) (5,166,052) - (6,359,114)
Proceeds from debt issuance - 28,125,000 - 10,450,000 38,575,000
Premium on bond issuance - - - 69,535 69,535
Discount on bond issuance - - - (11,539) (11,539)
Transfers in 3,265,639 - - 9,787,225 13,052,864
Transfers (out)(9,420,428) (281,580) (509,280) (1,626,436) (11,837,724)
Total other financing sources
(uses)(3,654,789) 26,650,358 (5,675,332) 18,668,785 35,989,022
Net change in fund balances 6,058,735 2,123,289 (5,621,142) 11,268,177 13,829,059
Fund balances – beginning of year 25,760,086 3,111,401 30,537,484 12,393,777 71,802,748
Fund balances – end of year 31,818,821 $ 5,234,690 $ 24,916,342 $ 23,661,954 $ 85,631,807 $
See Notes to Financial Statements.
Revenues
Expenditures
29
Village of Glenview, Illinois
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures,
and Changes in Fund Balances to the Statement of Activities
For the Year Ended December 31, 2013
Net changes in fund balances—total governmental funds13,829,059 $
Amounts reported for governmental activities in the Statement of Activities are
different because:
Governmental funds report capital outlays as expenditures while governmental
activities report depreciation expense to allocate those expenditures over
the lives of the assets.
Capital outlays 4,710,000
Depreciation expense (5,658,573)
Loss on disposal of capital assets (462,060)
Depreciation and loss expense over capital outlays (1,410,633)
A net pension asset is not considered to represent a financial resource and,
therefore, is not reported in the funds.776,381
The issuance of long-term debt provides current financial resources to
governmental funds, while the repayment of the principal on long-term
debt consumes the current financial resources of the governmental funds.
Increases to compensated absences payable (116,422)
Retirement of debt 30,983,776
Issuance of bonds, including premium (39,083,260)
Amortization of unamortized premium/discount 549,463
Amortization of unamortized deferred loss on refunding (296,247)
Change in other postemployment benefits (560,016)
Net affect of long-term debt (8,522,706)
Changes to accrued interest on long-term debt in the Statement of
Activities does not require the use of current financial resources and,
therefore, are not reported as expenditures in the governmental funds.22,092
Internal service funds are used by the Village to charge the cost of
vehicle and equipment management and insurance to individual
funds. Net revenue of the internal service fund is reported with
governmental activities.(1,130,490)
Change in net position of governmental activities – statement of activities 3,563,703 $
See Notes to Financial Statements.
30
Village of Glenview, Illinois
Proprietary Funds
Statement of Net Position
December 31, 2013 Business-type Activities -
GlenviewNorth MaineGlenview
WaterWater andSanitary
FundSewer FundSewer Fund
Assets
Current assets
Cash and cash equivalents1,641,093 $ 1,904,350 $ 496,562 $
Investments2,339,176 1,461,726 838,487
Receivables
Accounts, net1,704,077 1,134,227 623,091
Interest - - -
Other - - -
Prepaid items- - -
Inventory73,328 - -
Due from other governments- - -
Total current assets5,757,674 4,500,303 1,958,140
Noncurrent assets
Capital assets, not being depreciated324,652 235,000 -
Capital assets being depreciated - net34,302,823 6,214,256 16,770,054
Total noncurrent assets34,627,475 6,449,256 16,770,054
Total assets40,385,149 10,949,559 18,728,194
Deferred Outflow of Resources
Deferred loss on refunding- 150,833 -
Liabilities
Current liabilities
Accounts payable1,439,981 949,730 178,473
Accrued payroll50,627 20,465 11,277
Accrued interest payable3,096 19,657 2,432
Accrued expenses- - -
Refundable deposits9,040 - -
Claims payable- - -
Unearned revenues- - -
Advances from other funds- 1,136,404 -
Current portion of long-term liabilities 275,833 291,249 336,000
Total current liabilities 1,778,577 2,417,505 528,182
Noncurrent liabilities
Claims payable - - -
Long-term liabilities due in more than
one year 824,675 1,192,990 482,200
Total noncurrent liabilities 824,675 1,192,990 482,200
Total liabilities 2,603,252 3,610,495 1,010,382
Net Position
Net investment in capital assets 33,586,130 5,115,850 15,951,854
Unrestricted 4,195,767 2,374,047 1,765,958
Total net position 37,781,897 $ 7,489,897 $ 17,717,812 $
See Notes to Financial Statements.
31
Enterprise Funds
Governmental
NonmajorTotalActivities
EnterpriseEnterpriseInternal Service
FundsFundsFunds
1,896,130 $ 5,938,135 $ 2,423,381 $
483,004 5,122,393 14,474,318
360,375 3,821,770 90,038
- - 55,648
- - 40,000
- - 94,600
- 73,328 360,162
- - -
2,739,509 14,955,626 17,538,147
500,000 1,059,652 -
2,921,558 60,208,691 -
3,421,558 61,268,343 -
6,161,067 76,223,969 17,538,147
- 150,833 -
180,554 2,748,738 209,236
1,886 84,255 12,528
- 25,185 -
1,500 1,500 187,865
- 9,040 -
- - 678,448
- - 20,620
- 1,136,404 -
- 903,082 -
183,940 4,908,204 1,108,697
- - 1,017,673
- 2,499,865 -
- 2,499,865 1,017,673
183,940 7,408,069 2,126,370
3,421,558 58,075,392 -
2,555,569 10,891,341 15,411,777
5,977,127 $ 68,966,733 $ 15,411,777 $
32
Village of Glenview, Illinois
Proprietary Funds
Statement of Revenues, Expenses, and Changes in Fund Net Position
For the Year Ended December 31, 2013
Business-type Activities -
GlenviewNorth MaineGlenview
WaterWater andSanitary
FundSewer FundSewer Fund
Operating revenues
Charges for sales and services 10,967,471 $ 8,526,919 $ 2,286,149 $
Miscellaneous 245,701 84,375 69,302
Total operating revenues 11,213,172 8,611,294 2,355,451
Operating expenses
Operations and maintenance
Insurance services - - -
Parking services - - -
Water services 8,675,581 - -
Sewerage services - - 1,324,637
North Maine water and sewer distribution - 7,008,518 -
Capital asset repair and replacement - - -
Depreciation and amortization 1,136,289 242,297 427,720
Total operating expenses 9,811,870 7,250,815 1,752,357
Operating income 1,401,302 1,360,479 603,094
Nonoperating revenues (expenses)
Other income - - 6,290
Investment income 9,117 9,394 4,218
Gain (loss) on sale of capital assets (20,955) - -
Gain on legal settlement - 1,571,012 -
Reassignment of capital assets - - -
Interest and fiscal charges (47,760) (148,366) (37,526)
Total nonoperating revenues
(expenses)(59,598) 1,432,040 (27,018)
Income (loss) before transfers 1,341,704 2,792,519 576,076
Transfers in - - 82,640
Transfers out - (139,042) -
Change in net position 1,341,704 2,653,477 658,716
Net position – beginning of year 36,440,193 4,836,420 17,059,096
Net position – end of year 37,781,897 $ 7,489,897 $ 17,717,812 $
See Notes to Financial Statements.
33
Enterprise FundsGovernmental
NonmajorTotalActivities
EnterpriseEnterprise Internal Service
FundsFundsFunds
2,753,714 $ 24,534,253 $ 9,728,511 $
7,500 406,878 354,645
2,761,214 24,941,131 10,083,156
- - 6,999,105
297,094 297,094 -
1,066,261 9,741,842 -
- 1,324,637 -
- 7,008,518 -
- - 2,678,399
130,401 1,936,707 -
1,493,756 20,308,798 9,677,504
1,267,458 4,632,333 405,652
- 6,290 -
4,317 27,046 444,453
- (20,955) -
- 1,571,012 -
- - (1,587,777)
- (233,652) -
4,317 1,349,741 (1,143,324)
1,271,775 5,982,074 (737,672)
- 82,640 561,772
(765,920) (904,962) (954,590)
505,855 5,159,752 (1,130,490)
5,471,272 63,806,981 16,542,267
5,977,127 $ 68,966,733 $ 15,411,777 $
34
Village of Glenview, Illinois
Proprietary Funds
Statement of Cash Flows
For the Year Ended December 31, 2013
Business-type Activities –
GlenviewNorth MaineGlenview
WaterWater andSanitary
FundSewer FundSewer Fund
Cash flows from operating activities
Cash received from customers and users 11,284,308 $ 8,551,130 $ 2,411,139 $
Cash received from other sources 30,044 1,571,012 6,290
Cash payments for goods and services (6,090,295) (6,370,287) (976,666)
Cash payments to employees (2,091,351) (860,189) (419,817)
Net cash provided by operating activities 3,132,706 2,891,666 1,020,946
Cash flows from noncapital financing activities
Transfers in - - 82,640
Transfers out - (2,214,285) -
Net cash provided by (used in) noncapital
financing activities - (2,214,285) 82,640
Cash flows from capital and related financing activities
Purchases of capital assets (1,575,775) (521,348) (740,678)
Principal payments (322,000) (288,655) (253,000)
Interest payments (48,699) (151,448) (38,264)
Net cash used in capital and related financing
activities (1,946,474) (961,451) (1,031,942)
Cash flows from investing activities
Purchase of investments (505,947) (5,002) (2,816)
Sale of investments - - -
Interest received 9,117 9,394 4,218
Net cash provided by (used in) investing activities (496,830) 4,392 1,402
Net increase (decrease) in cash and cash equivalents 689,402 (279,678) 73,046
Cash and cash equivalents – beginning of year 951,691 2,184,028 423,516
Cash and cash equivalents – end of year 1,641,093 $ 1,904,350 $ 496,562 $
See Notes to Financial Statements
35
Enterprise FundsGovernmental
NonmajorTotalActivities
EnterpriseEnterpriseInternal Service
FundsFundsFunds
2,573,404 $ 24,819,981 $ 10,081,855 $
- 1,607,346 -
(1,266,867) (14,704,115) (9,146,806)
(81,433) (3,452,790) (821,625)
1,225,104 8,270,422 113,424
- 82,640 561,772
(765,920) (2,980,205) (954,590)
(765,920) (2,897,565) (392,818)
- (2,837,801) (591,195)
- (863,655) -
- (238,411) -
- (3,939,867) (591,195)
(1,652) (515,417) (4,677,411)
- - 4,848,664
4,317 27,046 426,032
2,665 (488,371) 597,285
461,849 944,619 (273,304)
1,434,281 4,993,516 2,696,685
1,896,130 $ 5,938,135 $ 2,423,381 $
(Continued)
36
Village of Glenview, Illinois
Proprietary Funds
Statement of Cash Flows (Continued)
For the Year Ended December 31, 2013
Business-type Activities –
GlenviewNorth MaineGlenview
WaterWater andSanitary
FundSewer FundSewer Fund
Reconciliation of operating income to net cash
provided by operating activities:
Operating income 1,401,302 $ 1,360,479 $ 603,094 $
Adjustments to reconcile operating income to
net cash provided by operating activities
Depreciation and amortization1,136,289 242,297 427,720
Other income- 1,571,012 6,290
Changes in assets and liabilities
Accounts receivable101,180 (60,164) 55,688
Due from other governments- - -
Prepaid expense- - -
Inventory(18,324) - -
Accounts payable487,698 (225,027) (74,989)
Accrued payroll10,366 3,069 3,143
Accrued expenses- - -
Compensated absences14,195 -
Claims payable- - -
Unearned revenue- - -
Total adjustments1,731,404 1,531,187 417,852
Net cash provided by operating
activities3,132,706 $ 2,891,666 $ 1,020,946 $
See Notes to Financial Statements.
37
Enterprise FundsGovernmental
NonmajorTotalActivities
EnterpriseEnterpriseInternal Service
FundsFundsFunds
1,267,458 $ 4,632,333 $ 405,652 $
130,401 1,936,707 -
- 1,577,302 -
(191,283) (94,579) (1,229)
3,473 3,473 -
- - (9,336)
- (18,324) (21,045)
13,640 201,322 (184,961)
358 16,936 883
1,057 1,057 30,401
- 14,195 -
- - (106,869)
- - (72)
(42,354) 3,638,089 (292,228)
1,225,104 $ 8,270,422 $ 113,424 $
38
Village of Glenview, Illinois
Pension
TrustAgency
Assets FundsFund
Cash and cash equivalents2,792,059 $ 562,880 $
Investments
U.S. government and agency obligations42,348,069 -
Municipal obligations3,771,137 -
Corporate obligations7,811,715 -
Equity mutual funds67,161,878 -
Money market funds and certificates of deposits- 3,272,822
Receivables
Property taxes- 269,699
Accrued interest receivable254,260 9,737
Due from other funds25,588 -
Prepaid expenses9,387 -
Total assets124,174,093 4,115,138
Liabilities
Accounts payable- 6,678
Refundable deposits- 3,703,097
Accrued expenses17,923 -
Due to bond holders- 405,363
Total liabilities17,923 4,115,138
Net Position
Held in trust for pension benefits124,156,170 $ -$
See Notes to Financial Statements.
Statement of Fiduciary Net Position
Fiduciary Funds
December 31, 2013
39
Village of Glenview, Illinois
Additions
Contributions
Employer 4,748,537 $
Participant 1,435,246
Total contributions6,183,783
Investment income
Net appreciation in fair value of investments10,649,151
Interest income 3,534,452
Less investment expenses(260,870)
Net investment income 13,922,733
Total additions 20,106,516
Deductions
Retirement pension 6,442,430
Widow pensions 537,363
Disability pensions 538,445
Total deductions 7,518,238
Change in net position12,588,278
Net position held in trust for pension benefits
Beginning 111,567,892
Ending 124,156,170 $
See Notes to Financial Statements.
Statement of Changes in Plan Net Position
Pension Trust Funds
For the Year Ended December 31, 2013
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
40
Note 1. Summary of Significant Accounting Policies
The Village of Glenview, Illinois, (Village) was incorporated in 1899. The Village operates under a
Council-Manager form of government and provides services which include: police and fire safety, water
utility, sanitary sewer utility, stormwater management, street maintenance, community development, and
general administrative services.
The financial statements of the Village have been prepared in conformity with accounting principles
generally accepted in the United States of America (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 following is a summary of the Village’s more significant accounting policies:
Reporting Entity
As defined by accounting principles generally accepted in the United States of America established by
GASB, the financial reporting entity consists of the primary government, as well as its component units,
which are legally separate organizations for which the elected officials of the primary government are
financially accountable. Financial accountability is defined as:
(a) Appointment of a voting majority of the organization’s board, and either (1) the ability to impose
will by the primary government, or (2) the possibility that the organization will provide a financial
benefit to or impose a financial burden on the primary government; or
(b) Fiscal dependency on the primary government and there is a potential for the organization to
provide a financial benefit to or impose a financial burden on the primary government.
Based on the above criteria, the Glenview Library (Library) is a component unit to the Village of Glenview.
In the government-wide financial statements, the Library is presented in a separate column to emphasize
that it is legally separate from the Village.
The Library operates and maintains the public library within the Village. The Library's seven-member
board is separately elected by the voters of the Village and annually determines its budget and resulting
tax levy, which is levied by the Village. The Library may not issue bonded debt without the approval of the
Village.
Separate financial statements are disclosed in the component unit portion of this report. The Library does
not issue separate financial statements.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
41
Note 1. Summary of Significant Accounting Policies (Continued)
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. For the most part, the effect
of interfund activity has been removed from these statements. Governmental activities, which normally
are supported by taxes and intergovernmental revenues, are reported separately from business-type
activities, which rely to a significant extent on fees and charges for services.
The statement of net position presents the Village’s nonfiduciary assets and liabilities with the difference
reported in three categories:
Net investment in capital assets consists of capital assets, net of accumulated depreciation and
reduced by outstanding balances for bonds and other debt (and deferred outflows of resources) that
are attributable to the acquisition, construction, or improvement of those assets.
Restricted net position results when constraints are placed on net position use, either externally
imposed by creditors, grantors, contributors, and the like, or imposed by law through constitutional
provisions or enabling legislation.
Unrestricted net position consists of net position that does not meet the criteria of the two preceding
categories.
The Village generally applies restricted resources first when an expense is incurred for purposes for
which both restricted and unrestricted net resources are available. See additional information beginning
on page 44.
The statement of activities demonstrates the degree to which the direct expenses of a given function or
segment 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 needs of the
Village or 3) capital requirements of a particular function or segment. Taxes and other items properly not
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 and business-type funds are reported as separate columns in the fund financial
statements. Details for nonmajor funds are reported in the supplementary information.
Fund Accounting
The Village uses funds to report on its financial position and the results of its operations. Fund
accounting is designed to demonstrate legal compliance and to aid financial management by segregating
transactions related to certain governmental functions or activities. A fund is a separate accounting entity
with a self-balancing set of accounts.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
42
Note 1. Summary of Significant Accounting Policies (Continued)
Fund Accounting (Continued)
Funds are classified into three broad categories: governmental, proprietary, and fiduciary. Each category,
in turn, is divided into separate “fund types.”
Governmental Funds
Governmental funds are used to account for all or most of a government’s general activities, including the
collection and disbursement of earmarked monies (special revenue funds), the acquisition or construction
of capital assets (capital projects funds), and 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 another
fund. The following are the Village's governmental fund types and funds:
General Fund is the general operating fund of the Village. It is used to account for all financial
resources except those not accounted for in other funds.
Special Revenue Funds are used to account for the proceeds of specific revenue sources that are
restricted, committed, or assigned to expenditures for specified purposes other than debt service or
capital projects. The Village has the following special revenue funds:
Special Tax Allocation Fund - a major fund
Motor Fuel Tax Fund
Foreign Fire Insurance Fund
Police Department Special Account Funds
Waukegan Golf TIF Fund
Debt Service Funds are used for the servicing of general long-term debt. The Village has the following
debt service fund:
Corporate Purpose Bonds Fund
Capital Project Funds are 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 has
the following capital project funds:
Village Permanent Fund – a major fund
Capital Projects Fund
Glen Capital Projects Fund
Proprietary Funds
Proprietary funds are used to account for activities in a similar manner as those found in the private
sector. The measurement focus is on the determination of net income. Activities of these funds include
services provided to residents of the Village (such as water and sanitary sewer services) and services
provided to other funds (such as self-insurance and vehicle maintenance). The following are the Village’s
proprietary fund types and funds:
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
43
Note 1. Summary of Significant Accounting Policies (Continued)
Fund Accounting (Continued)
Enterprise Funds are used to account for operations (a) that are financed and operated in a manner
similar to private business enterprises where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the residents of the Village on a
continuing basis be financed or recovered primarily through user charges; or (b) where the governing
body has decided that periodic determination of revenues earned, expenses incurred, and/or net
income is appropriate for capital maintenance, public policy, management control, accountability, or
other purposes. The Village has the following enterprise funds:
Glenview Water Fund - a major fund
North Maine Water and Sewer Fund - a major fund
Glenview Sanitary Sewer Fund - a major fund
Wholesale Water Fund
Commuter Parking Lot Fund
Internal Service Funds are used to account for the financing of goods or services provided by one
department to other departments of the Village on a cost-reimbursement basis. The Village has the
following internal service funds:
Capital Equipment Replacement Fund
Municipal Equipment Repair Fund
Insurance and Risk Fund
Facilities Replacement Fund
Fiduciary Funds
Fiduciary funds are used to account for assets held on behalf of outside parties, including other
governments. When these assets are held under the terms of a formal trust agreement, a trust fund is
used. The following are the Village's fiduciary fund types and funds:
Trust Funds are used to account for and report pension plans. The Village has the following pension
trust funds:
Police Pension Fund
Firefighters' Pension Fund
Agency Funds are used to account for and report assets held on behalf of other parties and changes
in the assets. The Village has the following agency funds:
Special Service Area (SSA) Bond Fund
Escrow Deposit Fund
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
44
Note 1. Summary of Significant Accounting Policies (Continued)
Fund Balance
The Governmental Accounting Standards Board (GASB) has issued Statement No. 54, Fund Balance
Reporting and Governmental Fund Type Definitions (GASB 54), which was adopted by the Village for the
year ended December 31, 2011. In the fund financial statements, governmental funds now report five
components of fund balance: nonspendable, restricted, committed, assigned, and unassigned.
Nonspendable - includes amounts that cannot be spent because they are either not in spendable
form or legally or contractually required to be maintained intact. The nonspendable in form criteria
includes items that are not expected to be converted to cash such as prepaid items or inventories.
Restricted – includes amounts that are restricted to specific purposes, that is, when constraints
placed on the use of the resources are either a) externally imposed by creditors (such as through
debt covenants), grantors, contributors, or laws or regulations of other governments, or b) imposed by
law through constitutional provisions or enabling legislation.
Committed - refers to amounts that can only be used for specific purposes pursuant to constraints
imposed by formal action of the Village's highest level of decision making authority (the Board of
Trustees). The Board of Trustees commits fund balance by passing a resolution. Amounts committed
cannot be used for any other purpose unless the Village removes or changes the specific use by
taking the same type of formal action it employed to previously commit those funds.
Assigned - refers to amounts that are constrained by the Village's intent to be used for a specific
purpose, but are neither restricted or committed. Intent may be expressed by the Board of Trustees or
the individual the Board of Trustees delegates the authority to assign amounts to be used for specific
purposes. The Board of Trustees delegated this authority to the Village Manager.
Unassigned - refers to all spendable amounts not contained in the other four classifications described
above. In funds other than the General Fund, the unassigned classification is used only to report a
deficit balance resulting from overspending for specific purposes for which amounts had been
restricted, committed, or assigned.
In the General Fund, the Village considers restricted amounts to have been spent first when expenditure
is incurred for purposes for which both restricted and unrestricted fund balance is available, followed by
committed amounts, then assigned amounts. Unassigned amounts are used only after the other
categories of fund balance have been fully utilized.
In governmental funds other than the General Fund, the Village considers restricted amounts to have
been spent last. When an expenditure is incurred for purposes for which both restricted and unrestricted
fund balance is available, the Village will first use assigned amounts, followed by committed amounts
then restricted amounts.
See Note 14 for additional detail on the components of the General Fund’s fund balance at December 31,
2013.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
45
Note 1. Summary of Significant Accounting Policies (Continued)
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 statements. Revenues are
recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of
related cash flows. Property taxes are recognized as revenues in the year for which they are levied.
Property taxes are levied in December 2013 to finance the Village's 2014 calendar year. Grants and
similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider
have been met.
Governmental fund financial statements are reported using the current financial resources measurement
focus and the modified accrual basis of accounting. Earned revenues are recognized as soon as they are
both measurable and available. Revenues are considered to be available when they are collectible within
the current period or soon enough thereafter to pay liabilities of the current period. A sixty day availability
period is used for revenue recognition of property tax revenues and a ninety day period is generally used
for all other governmental fund revenues. Expenditures generally are recorded when a liability is
incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures
related to compensated absences and claims and judgments, are recorded when payment is due.
General capital asset acquisitions are reported as expenditures in governmental funds.
Significant revenue sources which are susceptible to accrual include property taxes, other taxes, charges
for services, grants, franchise taxes, licenses, and interest. All other revenue items are considered to be
measurable and available only when cash is received by the Village.
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 other funds.
The Special Tax Allocation Fund, a special revenue fund, is used to account for the incremental
property tax revenue that is generated through the growth of the assessed valuation at The Glen,
(formerly referred to as Glenview Naval Air Station) and the "Make-Whole" payments to core
jurisdictions within the boundaries of the Tax Increment District. The core jurisdictions consist of: the
Village of Glenview, School District 34, High School District 225, the Glenview Park District, and the
Glenview Public Library, a component unit of the Village. This fund also accounts for the service and
incentive fees within the Tax Increment District.
The Village Permanent Fund, a capital projects fund used to accumulate and account for a specific
portion of the land sales proceeds of The Glen. Twenty percent of the land sale revenues are
restricted for capital and economic development expenditures throughout the Village (outside of the
Glen). Additionally, Permanent Fund assets can be loaned for short-term liquidity to other Village
funds as a result of exhaustion of cash reserves.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
46
Note 1. Summary of Significant Accounting Policies (Continued)
Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The Village reports the following major proprietary funds:
The Glenview Water Fund (formerly called the Waterworks Fund) accounts for the provision of water
services to the property owners in the Village. All activities necessary to provide such services are
accounted for in this fund including, but not limited to, administration, operations, maintenance,
financing and related debt service, and billing and collections.
The North Maine Water and Sewer Fund accounts for the provision of water and sewer services to
the property owners in an unincorporated area southwest of the Village. This area was formerly
served by the North Suburban Public Utilities Company. All activities necessary to provide such
services are accounted for in this fund including, but not limited to, administration, operations,
maintenance, financing and related debt service, and billing and collections.
The Glenview Sanitary Sewer Fund (formerly called the Sewerage Fund) accounts for the provision of
sanitary sewer services to property owners in both incorporated and unincorporated areas of the
Village. All activities necessary to provide such services are accounted for in this fund including, but
not limited to, administration, transmissions, maintenance, financing and related debt service, and
billing and collections. Treatment is performed by another agency.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial
statements. However, interfund services provided and used are not eliminated in the process of
consolidation.
Amounts reported as program revenues include: 1) charges to customers for goods, services, or
privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions,
including assessments. Internally dedicated resources are reported as general revenue rather than as
program revenue. Likewise, general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the
enterprise fund and of the Village’s internal service fund are charges to customers for sales and services.
Operating expenses for an enterprise fund and an internal service fund include the cost of sales and
services, administrative expenses, and depreciation on capital assets. All revenues and expenses not
meeting this definition are reported as nonoperating revenues and expenses.
The Governmental Accounting Standards Board (GASB) has issued Statement No. 65, Items previously
Recorded as Assets and Liabilities (GASB 65), which was adopted by the Village for the year ended
December 31, 2013. GASB 65 now establishes accounting and financial reporting standards that
reclassify, as deferred outflows of resources or deferred inflows of resources, certain items that were
previously reported as assets and liabilities and recognizes, as outflows of resources or inflows of
resources, certain items that were previously reported as assets and liabilities. In accordance with GASB
65 the Village now reports both deferred inflows of resources and deferred outflows of resources on its
financial statements. In addition, the impact of implementing this statement resulted in a restatement of
the beginning Net Position for Governmental Activities, please see Note 17 for details of the impact of this
restatement.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
47
Note 1. Summary of Significant Accounting Policies (Continued)
Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The Village reports both deferred revenue as deferred inflows of resources and unearned revenues on its
financial statements. Deferred inflows of resources arise when a potential revenue does not meet both
the "measurable" and "available" criteria for recognition in the current period for the governmental funds.
Unearned revenues also 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 revenue recognition criteria are met or when the Village has a legal claim to
the resources, the liability for unearned revenues is removed from the financial statements and revenue is
recognized.
Cash Equivalents
For purposes of the statement of cash flows, the proprietary fund types consider all highly liquid
investments with maturities of three months or less, at the date of purchase, to be cash equivalents.
Investments
Investments are carried at fair value based on quoted market prices.
Receivables
The recognition of receivables associated with nonexchange transactions is as follows:
Derived tax receivables (such as sales, income, and motor fuel taxes) are recognized when the
underlying exchange has occurred.
Imposed nonexchange receivables (such as property taxes and fines) are recognized when an
enforceable legal claim has arisen.
Government-mandated or voluntary nonexchange transaction receivables (such as mandates or
grants) are recognized when all eligibility requirements have been met.
Inventory and Prepaid Items
Inventory is accounted for at cost, using the first-in, first-out method. Inventories of governmental funds
are accounted for under the consumption method, whereby acquisitions are recorded in inventory
accounts initially and charged to expenditures when used.
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as
prepaid items in both government-wide and fund financial statements using the consumption method.
Unbilled Services
Unbilled revenue in the proprietary funds is recognized as earned when the services are provided.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
48
Note 1. Summary of Significant Accounting Policies (Continued)
Capital Assets
Capital assets, which include property, buildings, vehicles, equipment, and infrastructure assets (e.g.
roads, bridges, and similar items), are reported in the applicable governmental or business-type activities
columns in the government-wide financial statements and in the proprietary funds statements. Capital
assets are defined as those having an estimated useful life greater than one year with an initial, individual
cost of more than $25,000. Additionally, the Library reports its collection of books and materials as a
capital asset. Capital assets are recorded at historical cost, or estimated historical cost if purchased or
constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the assets or materially
extend asset lives are not capitalized. Improvements are capitalized and depreciated over the remaining
useful lives of the related capital assets, as applicable.
Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest
incurred during the construction phase of capital assets of business-type activities is included as part of
the capitalized cost of the assets constructed.
Capital assets are depreciated using the straight-line method over the following useful lives:
Buildings and improvements 10 - 80 years
Infrastructure* 25 - 80 years
Water system 50 years
Sanitary sewer system 50 years
Machinery and equipment, and vehicles 5 - 10 years
Library books and materials 7 years
*Infrastructure includes roads, curbs, gutters, storm sewers, recreational paths, street lights, field lights,
bridges, and traffic control signals.
Accrued Vacation and Sick Leave (Compensated Absences)
Compensated Absences include accumulated vacation and compensatory time as employees are not
paid for sick time in the event of termination. Employees are required to use one-half of the vacation
days they earn each year or they lose it and the remaining days can be used, saved, or carried over into
the next year in the employee’s vacation “bank”. Employees may not accumulate more than 30 days
worth of unused vacation time in their vacation “bank”. Employees are allowed to accumulate
compensatory time to a maximum amount specified in their union contracts or Village personnel manual
as follows:
Non-Union Personnel 80 hours
Public Works Union 120 hours
Dispatch Union 84 hours
Police Union 84 hours
Firefighter Union N/A
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
49
Note 1. Summary of Significant Accounting Policies (Continued)
Long-Term Obligations
In the government-wide financial statements and proprietary fund types in the fund financial statements,
long-term debt and other long-term obligations, including compensated absences, are reported as
liabilities in the applicable governmental activities or business-type activities statement of net position.
Bond premiums and discounts are reported net of the associated debt and are deferred and amortized
over the life of the bonds on a straight-line basis. Bond issuance costs are expensed when 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 other
financing sources. Premiums received on debt issuances are reported as other financing sources, while
discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not
withheld from the actual debt proceeds received, are reported as expenditures.
Debt service funds are specifically established to account for and service the long-term obligations for the
governmental funds' debt. Enterprise funds individually account for and service the applicable debt that
benefits those funds. Long-term debt is recognized as a liability in a governmental fund when due or
when resources have been accumulated for payment early in the following year.
Claims and Judgments
Liabilities resulting from claims and judgments, including claims incurred but not reported, have been
reflected in the financial statements.
Capital Contributions
Capital contributions, if any, reported in the Statement of Activities and proprietary funds represent capital
assets donated from outside parties, principally developers.
Interfund Transactions
The Village has the following types of transactions between funds:
Loans - amounts provided with a requirement for repayment. Interfund loans are reported as due from
other funds in lender funds and due to other funds in borrower funds for short-term borrowings.
Advances to other funds are reported in lender funds and advances from other funds in borrower
funds for long-term borrowings. Amounts are reported as internal balances in the government-wide
statement of net position.
Services provided and used - sales and purchases of goods and services between funds for a price
approximating their external exchange value. Interfund services provided and used are reported as
revenues in seller funds and expenditures or expenses in purchaser funds. Unpaid amounts are
reported as due to/from other funds in the fund balance sheets or fund statements of net position.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
50
Note 1. Summary of Significant Accounting Policies (Continued)
Interfund Transactions (Continued)
Reimbursements - repayments from the funds responsible for particular expenditures or expenses to
the funds that initially paid for them. Reimbursements are reported as expenditures in the reimbursing
fund and as a reduction of expenditures in the reimbursed fund.
Transfers - flows of assets (such as cash or goods) without equivalent flows of assets in return and
without a requirement for repayment. In governmental funds, transfers are reported as other financing
uses in the funds making transfers and as other financing sources in the funds receiving transfers. In
proprietary funds, transfers are reported as a separate category after nonoperating revenues and
expenses.
Use of Estimates
In preparing financial statements, management is required to make estimates and assumptions that affect
the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date
of the financial statements, and the reported amounts of revenues, expenditures, and expenses during
the reporting period. Actual results could differ from those estimates.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
51
Note 2. Deposits and Investments
The Village maintains a cash and investment pool that is available for use by most funds. Each fund’s
portion of this pool is displayed on the balance sheet/statement of net position as "cash and cash
equivalents" and "investments." In addition, investments are separately held by several of the Village's
funds. The Village's investment policy and state statutes allow the Village to invest in the following:
- Interest-bearing accounts of banks and savings and loan associations insured by the Federal
Deposit Insurance Corporation.
- Obligations of the U.S. Treasury and U.S. agencies.
- Insured accounts of an Illinois credit union chartered under United States or Illinois law.
- Money market mutual funds with portfolios of securities issued or guaranteed by the United
States or agreements to repurchase these same types of obligations.
- Repurchase agreements which meet instrument transaction requirements of Illinois law.
- Short-term obligations of U.S. corporations rated in the three highest classifications by at least
two standard rating agencies.
- The Illinois Funds.
- Illinois Metropolitan Investment Fund.
The Village’s investment policy limits the Village from investing in any financial institution in which the
Village’s funds on deposit are in excess of 75% of the institution’s capital stock and surplus.
The deposits and investments of the Police Pension Fund and the Firefighters' Pension Fund are held
separately from each other and from those of other Village funds. In addition to the aforementioned
investments, these pension funds are also permitted to invest in the following instruments:
- Bonds issued by any county, city, township, village, incorporated town, municipal corporation, or
school district in Illinois.
- Direct obligations of the State of Israel.
- Separate accounts of Illinois-licensed insurance companies.
- Common and preferred stock.
As of December 31, 2013, cash and investments consisted of the following:
PensionAgencyComponent
VillageTrust FundsFundsUnitTotal
Demand deposits31,289,160 $ 2,766,444 $ 562,880 $ 792,773 $ 35,411,257 $
Certificates of deposit21,919,917 - 1,669,595 - 23,589,512
The Illinois Funds395,427 25,615 - 8,363 429,405
Illinois Metropolitan Investment Fund36,770,149 - 1,603,227 3,727,791 42,101,167
U.S. treasury obligations8,168,853 18,198,653 - - 26,367,506
U.S. agency obligations- 24,149,416 - - 24,149,416
Municipal obligations- 3,771,137 - - 3,771,137
Corporate obligations- 7,811,715 - - 7,811,715
Mutual funds - equity- 67,161,878 - - 67,161,878
Total98,543,506 $ 123,884,858 $ 3,835,702 $ 4,528,927 $ 230,792,993 $
Fiduciary Activities
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
52
Note 2. Deposits and Investments (Continued)
The Illinois Funds
Illinois Funds is an investment pool managed by the State of Illinois, Office of the Treasurer, which allows
governments within the State to pool their funds for investment purposes. Illinois Funds is not registered
with the SEC as an investment company, but does operate in a manner consistent with Rule 2a7 of the
Investment Company Act of 1940. Investments in Illinois Funds are valued at Illinois Funds’ share price,
which is the price the investment could be sold for.
Illinois Metropolitan Investment Fund
The Illinois Metropolitan Investment Fund (IMET) is not registered with the SEC. Oversight for IMET is
provided by the IMET Board. The Board is responsible for policy information, as well as policy and
administration oversight. The fair value of the positions in the pool is the same as the value of the pool
shares.
Custodial Credit Risk - Deposits
Custodial Credit Risk is the risk that in the event of a bank failure, the Village’s deposits may not be
returned. The Village’s investment policy requires that deposits that exceed the amount insured by the
FDIC insurance protection be secured by some form of collateral at the rate of 110% of such deposits by
U.S. Government Securities, obligations of Federal instrumentalities, obligations of the State of Illinois, or
general obligation municipal bonds rated “AA” or better. As of December 31, 2013, the Village was not
exposed to custodial credit risk on deposits.
Interest Rate Risk
Interest rate risk is the risk that the fair value of investments will decrease as a result of an increase in
interest rates. In accordance with its investment policy, the Village limits its exposure to interest rate risk
by structuring the portfolio so that securities or other allowable investments mature to meet cash
requirements for ongoing operations, thereby avoiding the need to sell securities or other allowable
investments on the open market prior to maturity and by investing operating funds primarily in shorter-
term securities or other allowable investments. The policy was put in place to provide liquidity for short
and long-term cash flow needs while providing a reasonable rate of return based on the current market.
As of December 31, 2013 the Village and the Library (component unit) had the following investments and
maturities:
Fair Less Greater
Investment Type Valuethan 1 1-5 than 5
U.S. treasury obligations 8,168,853 $ 8,168,853 $ -$ -$
Illinois Metropolitan Investment Fund42,101,167 36,475,659 5,625,508 -
Totals 50,270,020 $ 44,644,512 $ 5,625,508 $ -$
Investment Maturities (in years)
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
53
Note 2. Deposits and Investments (Continued)
Interest Rate Risk (continued)
In accordance with their investment policies, the pension funds limit their exposure to interest rate risk by
structuring the portfolios to provide liquidity for short-and long-term cash flow needs while providing a
reasonable rate of return based on the current market.
As of December 31, 2013, the Police Pension Fund had the following investments and maturities:
Fair Less Greater
Investment Type Valuethan 1 1-5 6-10than 10
U.S. treasury obligations 13,115,074 $ 60,014 $ 10,783,247 $ 2,271,813 $ -$
U.S. agency obligations 6,623,556 1,740,155 878,005 3,540,576 464,820
Municipal obligations 249,949 50,495 151,552 47,902 -
Corporate obligations 7,811,715 265,515 5,390,356 2,155,844 -
Totals 27,800,294 $ 2,116,179 $ 17,203,160 $ 8,016,135 $ 464,820 $
Investment Maturities (in years)
As of December 31, 2013, the Firefighters’ Pension Fund had the following investments and maturities:
Fair Less Greater
Investment Type Valuethan 1 1-5 6-10than 10
U.S. treasury obligations 5,083,579 $ 501,172 $ 3,642,063 $ 940,344 $ -$
U.S. agency obligations 17,525,860 1,007,508 9,847,599 6,670,753 -
Municipal obligations 3,521,188 - 1,756,356 1,764,832 -
Totals 26,130,627 $ 1,508,680 $ 15,246,018 $ 9,375,929 $ -$
Investment Maturities (in years)
Credit Risk
Credit risk is the risk that the Village, Pension Funds or Library will not recover their investments due to
the ability of the counterparty to fulfill its obligation.
The Village limits its exposure to credit risk, by investing mainly in external investment pools. The Illinois
Funds Money Market Fund and Prime Fund are rated AAA by Standard & Poor's. The Illinois Metropolitan
Investment Fund (IMET) 1-3 Year Series and Convenience Fund are depository vehicles that are 100
percent collateralized with obligations of the United States Treasury and its agencies. All collateral
securities are held in the name of the Illinois Metropolitan Investment Fund at the Federal Reserve Bank
of New York. IMET has been rated Aaa by Moody’s.
The Pension Funds general investment policies follow the prudent person rule subject to the specific
restrictions of the Illinois Pension Code and the Pension Funds’ asset allocation policy. Under the
prudent person rule, investments shall be made with the care, skill, prudence and diligence under the
circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters
would use in the investment of a fund or like character and with like aims.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
54
Note 2. Deposits and Investments (Continued)
Credit Risk (Continued)
The Illinois Funds Money Market Fund and Prime Fund are rated AAA by Standard & Poor's. U.S.
Treasury obligations are backed by the full faith and credit of the U.S. Government and are not
considered to have credit risk.
As of December 31, 2013, the Pension Funds had the following fixed income investments which are rated
by both Standard & Poor’s and Moody’s as follows:
Standard & Poors:Fair
Value AAA AA A BBBBBNot Rated
U.S. agency obligations24,149,416 $ -$ 23,684,595 $ -$ -$ -$ 464,821 $
Municipal obligations3,771,137 337,007 1,960,488 272,651 - - 1,200,991
Corporate obligations7,811,715 179,262 772,332 3,717,067 2,973,693 - 169,361
Totals 35,732,268 $ 516,269 $ 26,417,415 $ 3,989,718 $ 2,973,693 $ -$ 1,835,173 $
Moodys:Fair
Value Aaa Aa A BaaBaNot Rated
U.S. agency obligations24,149,416 $ 23,684,595 $ -$ -$ -$ -$ 464,821 $
Municipal obligations3,771,137 379,527 944,035 830,401 - - 1,617,174
Corporate obligations7,811,715 179,262 853,389 3,317,674 3,324,898 69,756 66,736
Totals 35,732,268 $ 24,243,384 $ 1,797,424 $ 4,148,075 $ 3,324,898 $ 69,756 $ 2,148,731 $
Custodial Credit Risk
For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the
Village will not be able to recover the value of its investments or collateral securities that are in the
possession of an outside party. To limit its exposure, the Village's investment policy requires all
investments to be limited to the safest types of securities invested with pre-qualified institutions,
broker/dealers, intermediaries, and advisors, and soundly diversified. The Illinois Funds and Illinois
Metropolitan Investment Fund are not subject to custodial credit risk. The bank balance of the Village's
deposits with financial institutions was not exposed to custodial credit risk as it is fully insured or
collateralized as of December 31, 2013.
The Police Pension Fund’s investment policy requires all securities that are exposed to custodial credit
risk to be held by a third-party agent. The Firefighters’ Pension Fund’s investment policy requires all
investments to be limited to the safest types of securities invested with pre-qualified institutions,
broker/dealers, intermediaries, and advisors, and soundly diversified. The Illinois Funds is not subject to
custodial credit risk.
Concentration of Credit Risk
Concentration of credit risk is the risk of loss attributed to the magnitude of investment in any one single
issuer. It is the policy of the Village to diversify its investment portfolio. Investments shall be diversified to
eliminate the risk of loss resulting in an overconcentration in a security, maturity, issuer, or class of
securities. The Village was not exposed to concentration of credit risk as of December 31, 2013.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
55
Note 2. Deposits and Investments (Continued)
Concentration of Credit Risk (Continued)
The Pension Funds' investment policies require diversification of investment to avoid unreasonable risk.
As of December 31, 2013, the Police Pension Fund and the Firefighters' Pension Fund had the following
investments (other than those explicitly guaranteed by the U.S. government) that exceeded 5% of Plan
net position:
Police PensionFire Pension
Federal Home Loan Bank3,605,776 $ 11,513,869 $
Federal Farm Credit Bank- 3,725,561
3,605,776 $ 15,239,430 $
Note 3. Receivables
Property Tax Receivables
The Village's property taxes are levied in December of each calendar year on all taxable real property
located in the Village. Property taxes attach as an enforceable lien on January 1 of the same levy year.
Tax bills are prepared by the County and issued on or about February 1 and September 1 of the following
calendar year, and are payable in two installments on or about March 1 and October 1 in that following
calendar year. The County collects such taxes and remits them periodically. An allowance for
uncollectible taxes has been established based on historical experience. Taxes levied in December 2013
are intended to finance the Village’s subsequent fiscal year and have been recorded as a deferred
revenue and classified as a deferred inflow or resources. The Village has recognized the 2012 tax levy
as revenue in fiscal year 2013.
Taxes Receivable
The following receivables are included in Receivables - Taxes on the Governmental Funds Balance
Sheet and Statement of Net Position - Governmental Activities:
Property 10,537,533 $
Sales 5,716,906
Utility 976,720
Income 910,162
Use 232,577
Franchise 174,830
Hotel 45,125
Amusement 9,669
Total taxes receivable 18,603,522 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
56
Note 3. Receivables (Continued)
Other Receivables
The following receivables are included in Receivables - Other on the Governmental Funds Balance Sheet
and Statement of Net Position – Governmental Activities:
Court fines 10,278 $
Tipping fees 42,087
911 surcharge fees 129,578
Grants 170,754
Interest 25,108
Licenses 29,530
Other 385,539
Total other receivables - Governmental Funds792,874
Internal Service Funds and other adjustments95,648
Total other receivables - Governmental Activities888,522 $
Due From Other Governments
The following amount due from another government is included in Due From Other Governments on the
Governmental Funds Balance Sheet and the Statement of Net Position - Governmental Activities:
Illinois Department of Transportation - motor fuel taxes 111,835 $
Village of Northfield 35,206
Total due from other governments 147,041 $
Note 4. Land Held for Resale
The Village reports land held for resale totaling $22,698,200. The parcel consists of 41-acres of Village-
owned property in The Glen TIF, in an area near West Lake Avenue and Shermer Road. This land was
declared surplus to the needs of the U.S. Navy and was sold to the Village in 2007 for development
purposes. Proceeds of the General Obligation Bonds, Taxable Series 2006B, provided funds for this land
purchase; the Village accepted purchase proposals for the property and as of December 31, 2013
negotiations were ongoing. On May 16, 2014, the Village closed on 12-acres of the property which will
lead to net proceeds to the Village of $6,950,842. On May 21, 2014, the Village closed on the remaining
29-acres of the property which will lead to net proceeds to the Village of totaling $14,592,087.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
57
Note 5. Capital Assets
Governmental Activities
A summary of changes in capital assets for governmental activities of the Village is as follows:
Balance Balance
January 1, December 31,
2013AdditionsDeletions 2013
Capital assets not being depreciated
Construction in progress -$ 1,379,319 $ -$ 1,379,319 $
Land 6,935,698 - - 6,935,698
Land right of way 55,238,798 6,773 - 55,245,571
Total capital assets not being
depreciated 62,174,496 1,386,092 - 63,560,588
Capital assets being depreciated
Buildings and improvements76,699,878 149,919 1,864,832 74,984,965
Machinery and equipment 11,773,462 1,437,858 426,144 12,785,176
Infrastructure 133,571,810 1,736,131 142,152 135,165,789
Total capital assets being
depreciated 222,045,150 3,323,908 2,433,128 222,935,930
Less accumulated depreciation
Buildings and improvements18,386,835 1,673,004 1,411,231 18,648,608
Machinery and equipment 7,306,703 903,221 417,685 7,792,239
Infrastructure 58,158,142 3,082,348 142,152 61,098,338
Total accumulated depreciation83,851,680 5,658,573 1,971,068 87,539,185
Total capital assets being
depreciated, net 138,193,470 (2,334,665) 462,060 135,396,745
Governmental activities, capital
assets, net 200,367,966 $ (948,573) $ 462,060 $ 198,957,333 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
58
Note 5. Capital Assets (Continued)
Business-type Activities
A summary of changes in capital assets for business-type activities of the Village is as follows:
Balance Balance
January 1, December 31,
2013AdditionsDeletions 2013
Capital assets not being depreciated
Land 802,851 $ -$ -$ 802,851 $
Construction in progress - 256,801 - 256,801
Total capital assets not being
depreciated 802,851 256,801 - 1,059,652
Capital assets being depreciated
Buildings and improvements 2,613,425 - - 2,613,425
Water system 57,055,211 1,682,046 131,350 58,605,907
Sanitary sewer system 22,973,764 740,678 - 23,714,442
Equipment and vehicles 4,377,298 158,276 14,169 4,521,405
Total capital assets being
depreciated 87,019,698 2,581,000 145,519 89,455,179
Less accumulated depreciation
Buildings and improvements 749,402 71,045 - 820,447
Water system 17,757,128 1,194,263 110,395 18,840,996
Sanitary sewer system 5,122,933 474,236 - 5,597,169
Equipment and vehicles 3,835,998 166,047 14,169 3,987,876
Total accumulated depreciation27,465,461 1,905,591 124,564 29,246,488
Total capital assets being
depreciated, net 59,554,237 675,409 20,955 60,208,691
Business-type activities, capital
assets, net 60,357,088 $ 932,210 $ 20,955 $ 61,268,343 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
59
Note 5. Capital Assets (Continued)
Depreciation Expense
Depreciation expense was charged to functions/programs of the primary government's governmental
activities as follows:
General government 3,207,252 $
Public safety 1,238,215
Public works 779,835
Development 433,271
Total governmental activity depreciation expense 5,658,573 $
Depreciation expense for the business-type activities are as follows:
Glenview Water Fund 1,137,950 $
North Maine Water and Sewer Fund 208,215
Glenview Sanitary Sewer Fund 429,025
Wholesale Water Fund 62,816
Commuter Parking Fund 67,585
Total business-type activity depreciation expense 1,905,591 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
60
Note 5. Capital Assets (Continued)
Component Unit – Glenview Library
A summary of changes in capital assets for the Library is as follows:
Balance Balance
January 1, December 31,
2013AdditionsDeletions 2013
Capital assets not being depreciated:
Land 5,426,987 $ -$ -$ 5,426,987 $
Capital assets being depreciated:
Buildings and improvements26,901,546 - - 26,901,546
Equipment and vehicles 113,402 20,695 5,990 128,107
Library books and materials 6,772,640 711,733 619,621 6,864,752
Total capital assets being
depreciated 33,787,588 732,428 625,611 33,894,405
Less accumulated depreciation:
Buildings and improvements 1,565,018 538,031 - 2,103,049
Equipment and vehicles 65,234 24,151 2,995 86,390
Library books and materials 5,201,537 688,748 619,621 5,270,664
Total accumulated depreciation 6,831,789 1,250,930 622,616 7,460,103
Total capital assets being
depreciated, net 26,955,799 (518,502) 2,995 26,434,302
Total capital assets, net 32,382,786 $ (518,502) $ 2,995 $ 31,861,289 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
61
Note 6. 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; natural disasters; and illnesses of and injuries to the Village's employees.
The Village is self-insured for general liability, auto, property, and workers' compensation risks.
Commercial insurance is carried for amounts in excess of the self-insured amounts. For all insured
programs, settlement amounts have not exceeded insurance coverage for the current or three prior years.
Self-Insurance
The Village established the Insurance and Risk Fund (an internal service fund) to report self-insurance
activities. The Village's policy is to finance currently in this fund all claims paid, estimated future
payments with respect to claims made, and estimated claims incurred but not reported. The Insurance
and Risk Fund provides coverage up to a maximum of $200,000 for each general liability claim, $500,000
for Village employees and $600,000 for police officers and firefighters for each workers' compensation
claim, and $100,000 for each property damage claim. Such payments are displayed on the fund financial
statements as insurance services expenses.
Liabilities are reported when it is probable that a loss has occurred and the amount of the loss can be
reasonably estimated. Liabilities include an amount for claims that have been incurred but not reported
(IBNR). The total estimated claim liability as of December 31, 2013 was $1,696,121.
A reconciliation of the claims liability for the current year and that of the preceding year is reported below:
Unpaid claims liability - January 1, 2012 3,188,986 $
Claims incurred - calendar year 2012(312,207)
Claims paid - calendar year 2012(1,073,789)
Unpaid claims liability - December 31, 20121,802,990
Claims incurred - calendar year 2013*722,208
Claims paid - calendar year 2013(829,077)
Unpaid claims liability - December 31, 20131,696,121 $
Intergovernmental Personnel Benefit Cooperative (IPBC)
The Village participates in the Intergovernmental Personnel Benefit Cooperative (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 (such as medical, dental, and life insurance coverage) offered by its
members to their employees and to the employees of certain other governmental, quasi-governmental,
and nonprofit public service entities. Risk of loss is retained by the Village, except that IPBC purchases
excess insurance coverage.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
62
Note 6. Risk Management (Continued)
Intergovernmental Personnel Benefit Cooperative (IPBC) (Continued)
Management consists of a board of directors, comprised of one representative from each member. In
addition, there are three officers, a Benefit Administrator and a Treasurer. The Village does not exercise
any control over the activities of the IPBC beyond its representation on the Board of Directors.
High-Level Excess Liability Pool (HELP)
The Village participates in the High-Level Excess Liability Pool (HELP). HELP is a pool with a
membership of thirteen municipalities in Illinois that provide excess liability coverage ($10,000,000 of
coverage after a $2,000,000 self-insurance retention). The purpose of HELP is to act as a joint self-
insurance pool for the purpose of seeking the prevention or lessening of liability claims for injuries to
persons or property or claims for errors and omissions and employers' liability made against the members
and other parties included within the scope of its coverage. The Village's payments to HELP are
displayed on the financial statements as expenses in the Insurance Fund.
The High-Level Excess Liability Pool was organized on April 1, 1987 with members committing to ten-
year terms. The Term II agreement expired on April 30, 2008, and was extended for another ten-year
term (Term III), with an expiration date of April 30, 2018.
Each municipality has one member on the HELP Board of Directors and all budgeting and finance
decisions are approved by the Board. Each director has an equal vote. The officers of HELP are
appointed by the Board of Directors. The Board of Directors determines the general policy of HELP,
makes all appropriations, approves contracts, adopts resolutions providing for the issuance of any debt by
HELP, adopts bylaws, rules and regulations, and exercises such powers and performs such duties as
may be prescribed in the Agency Agreement or the bylaws. The Village does not exercise any control
over the activities of HELP beyond its representation on the Board of Directors.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
63
Note 7. Long-Term Debt
Changes in Long-Term Liabilities
The following is a summary of changes in the Village's long-term liabilities in 2013:
Balance BalanceAmounts
January 1,December 31, due within
2013AdditionsDeductions2013one year
Governmental activities:
General obligation bonds 89,415,000 $ 10,450,000 $ 30,960,000 $ 68,905,000 $ 4,215,000 $
Loan payable 439,864 28,135,400 23,776 28,551,488 28,149,371
Unamortized
Bond discount (75,938) (11,539) (13,810) (73,667) -
Bond premium 4,405,222 69,535 563,273 3,911,484 -
Compensated absences 1,464,154 250,110 133,688 1,580,576 316,115
Claims payable 1,802,990 722,208 829,077 1,696,121 678,448
Other postemployment benefits1,154,478 949,225 389,209 1,714,494 -
Total governmental activities98,605,770 40,564,939 32,885,213 106,285,496 33,358,934
Business-type activities:
General obligation bonds 2,950,000 - 710,000 2,240,000 730,000
Notes payable 1,248,854 - 153,655 1,095,199 161,249
Unamortized
Bond discount (1,293) - (333) (960) -
Bond premium 12,512 - 2,967 9,545 -
Compensated absences 44,967 16,038 1,842 59,163 11,833
Total business-type activities4,255,040 16,038 868,131 3,402,947 903,082
Total Village long-term
liabilities 102,860,810 $ 40,580,977 $ 33,753,344 $ 109,688,443 $ 34,262,016 $
Component Unit - Glenview Library
General obligation bonds 23,775,000 $ -$ 1,070,000 $ 22,705,000 $ 1,095,000 $
Compensated absences 279,147 40,931 28,624 291,454 58,291
Total component unit -
Glenview Library 24,054,147 $ 40,931 $ 1,098,624 $ 22,996,454 $ 1,153,291 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
64
Note 7. Long-Term Debt (Continued)
Changes in Long-Term Liabilities (Continued)
The following changes in the Village’s general obligation bonded debt occurred in 2013:
Beginning EndingDue Within
Issue BalanceIssuancesRetirementsBalanceOne Year
Governmental activities
$22,315,000 General Obligation
Bond Series 2004B2,400,000 $ -$ 1,175,000 $ 1,225,000 $ 1,225,000 $
$10,000,000 General Obligation
Refunding Bond Series 20051,275,000 - 1,275,000 - -
$10,000,000 General Obligation
Bond Series 2006A10,000,000 - - 10,000,000 -
$11,290,000 General Obligation
Bond Series 2009D7,220,000 - 385,000 6,835,000 1,380,000
$28,125,000 General Obligation
Bond Series 2009E28,125,000 - 28,125,000 - -
$18,090,000 General Obligation
Refunding Bond Series 2012A18,090,000 - - 18,090,000 -
$14,575,000 General Obligation
Refunding Bond Series 2012B14,575,000 - - 14,575,000 -
$7,730,000 General Obligation
Refunding Bond Series 2012C7,730,000 - - 7,730,000 1,365,000
$6,065,000 General Obligation
Bond Series 2013A- 6,065,000 - 6,065,000 245,000
$4,385,000 General Obligation
Bond Taxable Series 2013B- 4,385,000 - 4,385,000 -
Total governmental general
obligation bonded debt89,415,000 10,450,000 30,960,000 68,905,000 4,215,000
$633,827 Illinois Environmental
Protection Agency Loan439,864 10,400 23,776 426,488 24,371
$28,125,000 Taxable Term Loan- 28,125,000 - 28,125,000 28,125,000
Total Loans Payable439,864 28,135,400 23,776 28,551,488 28,149,371
Total governmental debt89,854,864 $ 38,585,400 $ 30,983,776 $ 97,456,488 $ 32,364,371 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
65
Note 7. Long-Term Debt (Continued)
Changes in Long-Term Liabilities (Continued)
Beginning EndingDue Within
Issue BalanceIssuancesRetirementsBalanceOne Year
Business-type activities
$5,000,000 General Obligation
Bond Series 2007A
Debt retired by:
Glenview Sewer Fund 1,067,000 $ -$ 253,000 $ 814,000 $ 336,000 $
Glenview Water Fund 1,358,000 - 322,000 1,036,000 264,000
2,425,000 - 575,000 1,850,000 600,000
$1,200,000 General Obligation
Bond Taxable Series 2007B 525,000 - 135,000 390,000 130,000
Total business-type general
obligation bonded debt 2,950,000 - 710,000 2,240,000 730,000
$2,850,00 Corporate Purpose
Note Series 1997 1,248,854 - 153,655 1,095,199 161,249
Total business-type debt4,198,854 $ -$ 863,655 $ 3,335,199 $ 891,249 $
Component Unit-Glenview Library
$26,300,000 General Obligation
Bond Series 2009A 23,775,000 $ -$ 1,070,000 $ 22,705,000 $ 1,095,000 $
Total component-unit debt23,775,000 - 1,070,000 22,705,000 1,095,000
Total debt 117,828,718 $ 38,585,400 $ 32,917,431 $ 123,496,687 $ 34,350,620 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
66
Note 7. Long-Term Debt (Continued)
General Long-Term Debt
At December 31, 2013, general obligation bonded debt is comprised of the following:
Remaining Balance
$22,315,000 General Obligation Bond Series 2004B
Dated August 1, 2004 and partially defeased on December 18, 2012.
The remaining debt service is due in annual installments of $1,175,000 to
$1,225,000 plus interest at 4.0% through December 1, 2014.
Debt is retired by proceeds from a property tax levy.1,225,000 $
$10,000,000 General Obligation Refunding Bond Series 2006A
Dated December 1, 2006. Due in annual installments of $2,350,000 to
$2,650,000 plus interest at 3.75% through December 1, 2018. Debt
is retired by the Special Tax Allocation Fund.10,000,000
$5,000,000 General Obligation Bond Series 2007A
Dated December 15, 2007. Due in annual installments of $475,000 to
$635,000 plus interest at 3.50% to 3.75% through December 1, 2016.
Debt is retired by the Glenview Water Fund and the Glenview Sanitary
Sewer Fund.1,850,000
$1,200,000 General Obligation Bond Taxable Series 2007B
Dated December 15, 2007. Due in annual installments of $130,000 to
$135,000 plus interest at 4.80% to 5.00% through December 1, 2016.
Debt is retired by the North Maine Water and Sewer Fund.390,000
$26,300,000 General Obligation Bond Series 2009A
Dated May 5, 2009. Due in annual installments of $460,000 to $1,860,000
plus interest at 3.00% to 4.125% through December 1, 2029. Debt
is retired by proceeds from a Library property tax levy.22,705,000
$11,290,000 General Obligation Refunding Series 2009D
Dated October 21, 2009. Due in annual installments of $385,000 to
$1,640,000 plus interest at 2.0% to 4.0% through December 1, 2018.
Debt is retired by the Special Tax Allocation Fund.6,835,000
$18,090,000 General Obligation Refunding Bond Series 2012A
Dated June 14, 2012. Due in annual installments of $5,850,000 to
$6,210,000 plus interest at 3.0% to 4.0% through December 1, 2021.
Debt is retired by the Special Tax Allocation Fund.18,090,000
$14,575,000 General Obligation Refunding Bond Series 2012B
Dated December 18, 2012. Due in annual installments of $1,200,000
to $1,750,000 plus interest at 3.0% to 4.0% through December 1, 2024.
Debt is retired by proceeds from a property tax levy.14,575,000
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
67
Note 7. Long-Term Debt (Continued)
General Long-Term Debt (Continued)
Remaining Balance
$7,730,000 General Obligation Refunding Bond Series 2012C
Dated December 18, 2012. Due in annual installments of $1,365,000 to
$1,735,000 plus interest at 2.0% to 3.0% through December 1, 2018.
Debt is retired by the Special Tax Allocation Fund.7,730,000 $
$6,065,000 General Obligation Bond Series 2013A
Dated December 19, 2013. Due in annual installments of $245,000 to
$410,000 plus interest at 2.0% to 4.0% through December 1, 2033.
Debt is retired by the Corporate Purpose Debt Service Fund.6,065,000
$4,385,000 General Obligation Bond Taxable Series 2013B
Dated December 19, 2013. Due in annual installments of $585,000 to
$680,000 plus interest at 1.5% to 3.5% through December 1, 2023.
Debt is retired by the Waukegan Golf TIF Fund.4,385,000
Total general obligation bonded debt93,850,000
At December 31, 2013, notes payable is comprised of the following:
$2,850,000 Corporate Purpose Notes Series 1997
Dated September 2, 1997. Due in annual installments of $215,377 including
interest of 4.942% through September 1, 2019. Debt is retired by
the North Maine Water and Sewer Fund.1,095,199
At December 31, 2013, loans payable is comprised of the following:
$633,827 Illinois Environmental Protection Agency Loan
Dated January 22, 2010. Due in semi-annual installments of $6,617 to $12,185
with no interest due through April 14, 2031. Debt is retired by the
Capital Projects Fund.426,488
$28,125,000 Taxable Term-Loan
Dated November 25, 2013. Due in one installment of $28,125,000 including
interest of monthly variable interest rate (first of month 30-day
LIBOR plus 35 BPS) through December 1, 2014. Debt is retired
by the Special Tax Allocation Fund.28,125,000
Total loans payable28,551,488
Total debt 123,496,687 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
68
Note 7. Long-Term Debt (Continued)
Loan Payable
On November 25, 2013, the Village agreed to borrow $28,125,000 from Glenview State Bank in order to
retire $28,125,000 of outstanding taxable general obligation bonds, Series 2009E due on December 1,
2013. This is a taxable unsecured term loan.
Debt Issuances
On December 19, 2013, the Village issued $6,065,000 in general obligation bonds, Series 2013A, with
varying interest rates of 2.0 to 4.0 percent for the purpose of financing the relocation of the Village Hall
and related improvements to Village buildings.
On December 19, 2013, the Village issued $4,385,000 in taxable general obligation bonds, Series 2013B,
with varying interest rates of 1.5 to 3.5 percent for the purpose of financing costs associated with the
Waukegan Road Golf Road Tax Increment Finance District.
Debt Service Requirements to Maturity
Governmental Activity
Annual general obligation bond debt service requirements to maturity for the Village’s governmental
activities are as follows:
Fiscal Year Ending
December 31,PrincipalInterestPrincipalInterest
20144,215,000 $ 2,305,221 $ 28,149,371 $ 145,898 $
20156,600,000 2,205,065 24,371 -
20166,845,000 1,994,241 24,371 -
20177,685,000 1,760,515 24,371 -
20187,955,000 1,509,117 24,371 -
2019-202330,375,000 3,591,259 121,854 -
2024-20283,330,000 613,640 121,854 -
2029-20331,900,000 234,000 60,927 -
Totals68,905,000 $ 14,213,058 $ 28,551,488 $ 145,898 $
General Obligation Bonds Loan Payable
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
69
Note 7. Long-Term Debt (Continued)
Debt Service Requirements to Maturity (continued)
Business-type Activity
Annual general obligation bond and corporate purpose notes payable debt service requirements to
maturity for the Village's business-type activities are as follows:
Year Ending
December 31,PrincipalInterestPrincipalInterest
2014730,000 $ 85,708 $ 161,249 $ 54,128 $
2015745,000 58,272 169,219 46,158
2016765,000 30,312 177,582 37,795
2017- - 186,359 29,018
2018- - 195,569 19,808
2019- - 205,221 10,143
Totals2,240,000 $ 174,292 $ 1,095,199 $ 197,050 $
General Obligation BondsCorporate Purpose Notes
Component Unit – Glenview Library
Annual general obligation bond debt service requirements to maturity for the Village's component unit are
as follows:
Year Ending
December 31,PrincipalInterest
20141,095,000 $ 846,731 $
20151,125,000 813,881
20161,155,000 780,131
20171,190,000 745,481
20181,225,000 703,831
2019-20236,810,000 2,824,731
2024-20288,245,000 1,410,781
20291,860,000 76,723
Totals22,705,000 $ 8,202,290 $
Noncommitment Debt – Special Service Area Bonds
The special service area bonds outstanding as of December 31, 2013 totaled $383,029. These bonds
are not an obligation of the Village and are secured by the levy of special debt service on the real
property within each special service area. The Village is in no way liable for repayment, but is only acting
as the agent for the property owners in levying and collecting the assessments and forwarding the
collections to the bondholders.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
70
Note 7. Long-Term Debt (Continued)
Compensated Absences and Other Postemployment Benefits
The General Fund is used to liquidate any liability for compensated absences or other postemployment
benefits of governmental activities.
Note 8. Interfund Balances and Transfers
Interfund Balances
The outstanding balances between funds result mainly from the time lag between the dates that (1)
interfund goods and services are provided or reimbursable expenditures occur, (2) transactions are
recorded in the accounting system, and (3) payments between funds are made. Interfund balances are
intended to be repaid currently from other resources of respective funds. Individual interfund balances at
December 31, 2013 are shown as follows:
Due to/from Other Funds
Due From/To
Receivable FundPayable FundOther Funds
Nonmajor Governmental FundsGeneral Fund11,958 $
Pension Trust FundsGeneral Fund25,588
Total 37,546 $
Advances to/from Other Funds
Advance From/To
Advance FromAdvance ToOther Funds
Special Tax Allocation FundVillage Permanent Fund15,219,506 $
North Maine Water and Sewer FundVillage Permanent Fund1,136,404
Total 16,355,910 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
71
Note 8. Interfund Balances and Transfers (Continued)
Interfund Transfers
Transfers are used to (1) move revenues from the fund with collection authorization to the capital project
fund or enterprise fund as debt service and interest payments become due, or (2) move restricted general
fund revenues to finance various programs that the government must account for in other funds in
accordance with budgetary authorization. Interfund transfers are recorded for permanent transfers
between funds which are not expected to be repaid. Individual interfund transfers during the fiscal year
ended December 31, 2013 were as follows:
Primary Government
Transfers In Transfers Out Amount
General Waukegan/Golf TIF 45,017 $
General Special Tax Allocation 281,580
General Nonmajor Enterprise 300,000
General North Maine Water and Sewer 139,042
General Nonmajor Governmental 2,500,000
Internal Service Village Permanent 486,541
Nonmajor Governmental Village Permanent 21,518
Glenview Sanitary Village Permanent 1,221
Glenview Sanitary Nonmajor Governmental 81,419
Nonmajor Governmental General 9,420,428
Nonmajor Governmental Nonmajor Enterprise 465,920
13,742,686 $
Component Unit
Transfers In Transfers Out Amount
Library New Building Library Watson Gift 16,262 $
Library New Building Library Capital Contribution 16,477
32,739 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
72
Note 9. Contractual Commitments
High-Level Excess Liability Pool (HELP)
The Village is a member of a joint venture, the High-Level Excess Liability Pool (HELP). The contract
with HELP provides excess liability insurance (see Note 10).
Solid Waste Agency of Northern Cook County (SWANCC)
The Village is a member of a joint venture, the Solid Waste Agency of Northern Cook County (SWANCC)
The contract with SWANCC provides that each member is liable for its proportionate share of any costs
arising from defaults in payment obligations by other members (see Note 10).
Economic Development Agreement
In 2000, the Village entered into an economic development agreement with a local retailer who wished to
relocate its operations to the Village. Under the terms of the agreement, the Village will rebate a portion of
local sales tax receipts generated by the retailer over a base amount. The agreement is contingent on the
retailer maintaining their facility within the Village for a period of at least fifteen years from the effective
date of the agreement. In fiscal year 2013, the Village made payments to the retailer totaling $1,424,305
in accordance with the terms of this agreement.
Construction Commitments
The Village has certain contracts in various funds for construction projects which were in progress at
December 31, 2013. Remaining commitments under these contracts approximated $90,000.
Note 10. Joint Ventures
High-Level Excess Liability Pool (HELP)
The Village has committed to purchase excess liability insurance from the High-Level Excess Liability
Pool (HELP). The amount owed has been calculated using the Village's current allocation percentage of
9.41%. In future years, this allocation percentage will be subject to change because the HELP agreement
provides that each member will be assessed an amount based upon a formula that uses the following
criteria for allocating premium costs.
- Miles of streets - Number of motor vehicles
- Number of full-time equivalent employees - Operating revenues
The Village's agreement with HELP also provides that each member is liable for its proportionate share of
any costs arising from defaults in payment obligations by other members. (See Note 6 for more detail
regarding HELP.)
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
73
Note 10. Joint Ventures (Continued)
Solid Waste Agency of Northern Cook County
The Village is a member of Solid Waste Agency of Northern Cook County (SWANCC), which consists of
twenty-three municipalities. SWANCC is a municipal corporation and public body politic established
pursuant to the Constitution of the State of Illinois and the Intergovernmental Cooperation Act of the State
of Illinois, as amended, (the Act). SWANCC is empowered under the Act to plan, construct, finance,
operate, and maintain a solid waste disposal system to serve its members.
The members form a contiguous geographic service area, which is located northwest of downtown
Chicago. Under the SWANCC Agreement, additional members may join SWANCC upon the approval of
each member.
SWANCC is governed by a Board of Directors, which consists of one appointed Mayor or President from
each member municipality. Each Director has an equal vote. The seven-member Executive Committee of
SWANCC is elected by the Board of Directors. The Board of Directors determines the general policy of
SWANCC, makes all appropriations, approves contracts, adopts resolutions providing for the issuance of
bonds or notes by SWANCC, adopts by-laws, rules and regulations, and exercises such powers and
performs such duties as may be prescribed in the agreement or the by-laws.
In accordance with the joint venture agreement, the Village remitted $579,872 to SWANCC for the year
ended December 31, 2013. The payments are recorded in the General Fund. The Village does not have
an equity interest in SWANCC at December 31, 2013.
Complete financial statements for SWANCC can be obtained from SWANCC's administrative office at
2700 Patriot Boulevard, Suite 110, Glenview, Illinois 60026, or from SWANCC's web site,
www.swancc.org.
Note 11. Employee Retirement Systems
Illinois Municipal Retirement Fund
Plan Description
The Village's defined benefit pension plan, for regular employees, provides retirement and disability
benefits, postretirement increases, and death benefits to plan members and beneficiaries. The employer
plan is affiliated with the Illinois Municipal Retirement Fund (IMRF), an agent multiple-employer plan.
Benefit provisions are established by statute and may only be changed by the General Assembly of the
State of Illinois. IMRF issues a publicly available financial report that includes financial statements and
required supplementary information. That report may be obtained online at www.imrf.org.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
74
Note 11. Employee Retirement Systems (Continued)
Illinois Municipal Retirement Fund (Continued)
Funding Policy
As set by state statute, the Village's regular plan members are required to contribute 4.50 percent of their
annual covered salary. The statute requires the Village to contribute the amount necessary, in addition to
member contributions, to finance the retirement coverage of its own employees. The Village annual
required contribution rate for calendar year 2013 was 14.46 percent. The Village also contributes for
disability benefits, death benefits, and supplemental retirement benefits, all of which are pooled at the
IMRF level. Contribution rates for disability and death benefits are set by the IMRF Board of Trustees,
while the supplemental retirement benefits rate is set by state statute.
Annual Pension Cost
The Village’s required contribution and annual pension cost for calendar year 2013 was $2,243,915.
Three-Year Trend Information for the Regular Plan – Illinois Municipal Retirement Fund
Fiscal AnnualPercentage Net
Year Pension of APC Pension
Ending Cost (APC)Contributed Obligation
12/31/13 2,243,915 $ 100%-$
12/31/12 2,004,351 100 -
12/31/11 2,073,818 100 -
The required contribution for 2013 was determined as part of the December 31, 2011 actuarial valuation
using the entry age normal actuarial cost method. The actuarial assumptions at December 31, 2011
included (a) 7.5 percent investment rate of return (net of administrative and direct investment expenses),
(b) projected salary increases of 4.0 percent a year, attributable to inflation, (c) additional projected salary
increases ranging from 0.4 percent to 10.0 percent per year depending on age and service, attributable to
seniority/merit, and (d) postretirement benefit increases of 3 percent annually. The actuarial value of the
Village regular plan assets was determined using techniques that spread the effects of short-term
volatility in the market value of investments over a five-year period with a 20 percent corridor between the
actuarial and market value of assets. The employer regular plan's unfunded actuarial accrued liability at
December 31, 2011 is being amortized as a level percentage of projected payroll on an open 30-year
basis.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
75
Note 11. Employee Retirement Systems (Continued)
Illinois Municipal Retirement Fund (Continued)
Funded Status and Funding Progress
As of December 31, 2013, the most recent actuarial valuation date, the regular plan was 74.59 percent
funded. The actuarial accrued liability for benefits was $47,085,269 and the actuarial value of assets was
$35,120,801, resulting in an underfunded actuarial accrued liability (UAAL) of $11,964,468. The covered
payroll for calendar year 2013 (annual payroll of active employees covered by the plan) was $15,518,088,
and the ratio of the UAAL to covered payroll was 77 percent.
The schedule of funding progress, presented as Required Supplementary Information following the notes
to the financial statements, presents multiyear trend information about whether the actuarial value of plan
assets is increasing or decreasing over time relative to the actuarial accrued liability for benefits.
Police Pension Fund
Plan Description
Police-sworn personnel are covered by the Police Pension Plan, which is a defined benefit single-
employer pension plan. Although this is a single-employer pension plan, the defined benefits and
employee and employer contribution levels are governed by Illinois State Statutes and may be amended
only by the Illinois legislature. Administrative costs are financed through investment earnings. The Village
accounts for the plan as a pension trust fund. An actuarial valuation was performed as of December 31,
2013, and, accordingly, the most recent available information has been presented.
At December 31, 2013, the Police Pension Plan membership consisted of:
Membership
Retirees and beneficiaries currently receiving benefits 51
Terminated employees entitled to benefits but not yet receiving them2
Current employees:
Vested 56
Nonvested 13
Total membership 122
The following is a summary of the Police Pension Plan as provided for in Illinois Compiled Statutes.
The Police Pension Plan provides retirement benefits as well as death and disability benefits. Covered
employees hired before January 1, 2011 attaining the age of 50 or more 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 2.5% of such salary for each additional year of service
over 20 years up to 30 years, and 1% of such salary for each additional year of service over 30 years, to
a maximum of 75% of such salary.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
76
Note 11. Employee Retirement Systems (Continued)
Police Pension Fund (Continued)
Plan Description (Continued)
Covered employees hired on or after January 1, 2011 attaining the age of 55 or more with 10 or more
years of creditable service are entitled to receive an annual retirement benefit of 2.5% of final average
salary for each year of service, with a maximum salary cap of $106,800 as of January 1, 2011. The
maximum salary cap increases each year thereafter. The monthly benefit of a police officer hired before
January 1, 2011, who retired with 20 or more years of services 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. The monthly pension of
a police officer hired on or after January 1, 2011, shall be increased annually, following the later of the
first anniversary date of retirement or the month following the attainment of age 60, but the lessor of 3%
or one half of the consumer price index. Employees with at least 10 years but less than 20 years of
credited service may retire at or after age 60 and receive a reduced benefit.
Funding Policy
Covered employees are required 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 as actuarially determined by an enrolled actuary. By the year 2040, the
Village's contributions must accumulate to the point where the past service cost for the plan is 90%
funded.
Summary of Significant Accounting Policies
Basis of Accounting
The financial statements are prepared using the accrual basis of accounting. Employee and employer
contributions are recognized as revenues in the period in which employee services are performed.
Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. No
stand-alone statements are issued for the defined benefit pension plan.
Method Used to Value Investments
Investments are reported at fair value. Short-term investments are reported at cost, which approximates
fair value. Securities traded on a national or international exchange are valued at the last reported sales
price at current exchange rates. Investments that do not have an established market are reported at
estimated fair value.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
77
Note 11. Employee Retirement Systems (Continued)
Police Pension Fund (Continued)
Methods and Assumptions
Valuation date January 1, 2013
Actuarial cost method Projected Unit Credit (Effective 1/1/2011)
Actuarial value of assets 5 Year Smoothed Market Value
Amortization method Level Percentage of Payroll Closed
Remaining amortization period 28 Years
Actuarial assumptions:
Investment rate of return 7.25% per year
Projected salary increases TCG Basic Salary Table providing graded
increases from 1.12% to 4.86% varying
by age, plus inflation rate shown below
Payroll growth 4.0% per year
Inflation rate 2.5% per year
Cost of living increases 2.5% per year
Assumed mortality RP-2000 Combined Healthy Mortality Table
(male) with blue collar adjustment and with
a 200% load for participants under age 50
and 125% for participants age 50 and over.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
78
Note 11. Employee Retirement Systems (Continued)
Police Pension Fund (Continued)
Funding Status and Funding Progress
Valuation date January 1, 2013
Percent funded 81.76%
Actuarial accrued liability for benefits $70,049,957
Actuarial value of assets $57,270,922
Unfunded actuarial
accrued liability (UAAL) $12,779,035
Covered payroll (annual payroll of
active employees covered by
the Plan $6,831,467
Ratio of UAAL covered payroll 187.06%
The schedule of funding progress presented in the Required Supplementary Information (RSI) following
the notes the financial statements, presents multiyear trend information about whether the actuarial value
of plan assets are increasing or decreasing over time relative to the actuarial accrued liability for benefits.
Significant Investments
Information on significant investments is presented in Note 2 under “Concentration of Credit Risk.”
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
79
Note 11. Employee Retirement Systems (Continued)
Police Pension Fund (Continued)
Annual Pension Cost and Net Pension Benefit
The Village's most recent actuarial valuation was performed as of January 1, 2013 for fiscal year ending
December 31, 2013. The Village's annual pension cost and net pension benefit to the Police Pension
Fund were as follows:
Annual required contribution 1,812,556 $
Interest on net pension obligation (122,174)
Adjustment to annual required contribution (128,376)
Annual pension cost 1,562,006
Contributions made 1,632,373
Increase in net pension asset 70,367
Net pension asset at January 1, 2013 1,442,133
Net pension asset at December 31, 2013 1,512,500 $
Trend Information
Three-Year Trend Information – Police Pension Trust Fund
Fiscal Annual Percentage
Year Pension Actual of APC Net Pension
Ending Cost (APC)ContributionContributed Asset
12/31/13 1,562,006 $ 1,632,373 $ 104.50%1,512,500 $
12/31/12 1,564,925 1,812,692 115.83 1,442,133
12/31/11 1,342,278 1,767,986 131.72 1,437,391
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
80
Note 11. Employee Retirement Systems (Continued)
Firefighters’ Pension Fund
Plan Description
Sworn firefighter personnel are covered by the Firefighters' Pension Plan, which is a defined benefit
single-employer pension plan. Although this is a single-employer pension plan, the defined benefits and
employee and employer contribution levels are governed by Illinois State Statutes and may be amended
only by the Illinois legislature. Administrative costs are financed through investment earnings. The Village
accounts for the plan as a pension trust fund. The Village's most recent actuarial valuation was performed
as of December 31, 2013, and, accordingly, the most recent available information has been presented.
At December 31, 2013, the Firefighters' Pension Plan membership consisted of:
Membership
Retirees and beneficiaries currently receiving benefits 77
Terminated employees entitled to benefits but not yet receiving them3
Current employees:
Vested 59
Nonvested 22
Total membership 161
The following is a summary of the Firefighters' Pension Plan as provided for in Illinois Compiled Statutes.
The Firefighters' Pension Plan provides retirement benefits as well as death and disability benefits.
Covered employees hired before January 1, 2011 attaining the age of 50 or more 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 2.5% of such salary for each additional year of service
over 20 years up to 30 years, and 1% of such salary for each additional year of service over 30 years, to
a maximum of 75% of such salary.
Covered employees hired on or after January 1, 2011 attaining the age of 55 or more with 10 or more
years of creditable service are entitled to receive an annual retirement benefit of 2.5% of final average
salary for each year of service, with a maximum salary cap of $106,800 as of January 1, 2011. The
maximum salary cap increases each year thereafter. The monthly benefit of a police officer hired before
January 1, 2011, 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. The monthly pension of
a police officer hired on or after January 1, 2011, shall be increased annually, following the later of the
first anniversary date of retirement or the month following the attainment of age 60, but the lessor of 3%
or one half of the consumer price index. Employees with at least 10 years but less than 20 years of
credited service may retire at or after age 60 and receive a reduced benefit.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
81
Note 11. Employee Retirement Systems (Continued)
Firefighters’ Pension Fund (Continued)
Funding Policy
Covered firefighter employees are required to contribute 9.455% 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 as actuarially determined by an enrolled actuary. By the
year 2040, the Village's contributions must accumulate to the point where the past service cost for the
plan is 90% funded.
Summary of Significant Accounting Policies
Basis of Accounting
The financial statements are prepared using the accrual basis of accounting. Employee and employer
contributions are recognized as revenues in the period in which employee services are performed.
Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. No
stand-alone statements are issued for the defined benefit pension plan.
Method Used to Value Investments
Investments are reported at fair value. Short-term investments are reported at cost, which approximates
fair value. Securities traded on a national or international exchange are valued at the last reported sales
price at current exchange rates. Investments that do not have an established market are reported at
estimated fair value.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
82
Note 11. Employee Retirement Systems (Continued)
Firefighters’ Pension Fund (Continued)
Methods and Assumptions
Valuation date
January 1, 2013
Actuarial cost method
Projected Unit Credit (Effective 1/1/2011)
Actuarial value of assets
5 Year Smoothed Market Value
Amortization method
Level Percentage of Payroll Closed
Remaining amortization period
28 Years
Actuarial assumptions:
Investment rate of return
7.25% per year
Projected salary increases
(seniority and merit)
TCG Basic Salary Table providing graded
increases from 1.12% to 4.86% varying by
age, plus inflation rate shown below
Payroll growth
4.5% per year
Inflation rate
2.5% per year
Cost of living increases
2.5% per year
Assumed mortality
RP-2000 Combined Healthy Mortality Table
(male) with blue collar adjustment and with a
200% load for participants under age 50 and
125% for participants age 50 and over.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
83
Note 11. Employee Retirement Systems (Continued)
Firefighters’ Pension Fund (Continued)
Funding Status and Funding Progress
Valuation date
January 1, 2013
Percent funded
72.53%
Actuarial accrued liability for benefits
$ 77,020,861
Actuarial value of assets
$ 55,863,978
Unfunded actuarial
accrued liability (UAAL)
$ 21,156,883
Covered payroll (annual payroll of
active employees covered by
the Plan)
$ 7,775,957
Ratio of UAAL Covered Payroll
272.08%
The schedule of funding progress presented in the Required Supplementary Information (RSI) following
the notes to the financial statements, presents multiyear trend information about whether the actuarial
value of plan assets are increasing or decreasing over time relative to the actuarial accrued liability for
benefits.
Significant Investments
Information on significant investments is presented in Note 2 under “Concentration of Credit Risk.”
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
84
Note 11. Employee Retirement Systems (Continued)
Firefighters’ Pension Fund (Continued)
Annual Pension Cost and Net Pension Benefit
The Village's most recent actuarial valuation was performed as of December 31, 2013. The Village's
annual pension cost and net pension benefit to the Firefighters' Pension Fund were as follows:
Annual required contribution 2,985,212 $
Interest on net pension obligation (161,130)
Adjustment to annual required contribution (413,932)
Annual pension cost 2,410,150
Contributions made 3,116,164
Decrease in net pension asset 706,014
Net pension asset at January 1, 2013 1,583,269
Net pension asset at December 31, 2013 2,289,283 $
Trend Information
Three-Year Trend Information - Firefighters' Pension Trust Fund
Fiscal Annual Percentage
Year Pension Actual of APC Net Pension
Ending Cost (APC)ContributionContributed Asset
12/31/13 2,410,150 $ 3,116,164 $ 129.29%2,289,283 $
12/31/12 2,416,275 2,926,010 121.10 1,583,269
12/31/11 2,165,041 2,806,961 129.65 1,638,671
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
85
Note 12. Other Postemployment Benefits (OPEB)
Plan Description
The Village provides postemployment health care and life insurance benefits (OPEB) for retired
employees through a single-employer defined benefit plan. The benefits, benefit levels, employee
contributions, and employer contributions are governed by the Village and can be amended by the Village
through its personnel manual and union contracts. The plan is not accounted for as a trust fund, as an
irrevocable trust has not been established to account for the plan. The plan does not issue a separate
report.
To be eligible for benefits under the plan, an employee must qualify for retirement under one of the
Village's retirement plans. Elected officials are eligible for benefits if they qualify for retirement through the
Illinois Municipal Retirement Fund.
All health care benefits are provided through the Village's self-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.
Upon a retiree reaching Medicare eligible age, Medicare becomes the primary insurer and the Village's
plan becomes secondary.
At December 31, 2013, membership in the Plan consisted of the following:
Membership
Retirees and beneficiaries receiving benefits 104
Active Participants 307
Total membership 411
Funding Policy
The Village negotiates the contribution percentages between the Village and employees through the
union contracts and personnel policy. All retirees contribute 100% of the actuarially determined premium
to the plan and the Village contributes the remainder to cover the cost of providing the benefits to the
retirees via the self-insurance plan (pay-as-you-go). Since the Village is self-insured, this amount
fluctuates on an annual basis. Active employees do not contribute to the plan until retirement.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
86
Note 12. Other Postemployment Benefits (OPEB) (Continued)
Annual OPEB Cost and Net OPEB Obligation
The Village's most recent actuarial valuation was performed for the plan as of December 31, 2013. The
Village's annual other postemployment benefit (OPEB) cost is calculated based on the annual required
contribution (ARC) of the employer. The contribution represents a level of funding that, if paid on an
ongoing basis, is projected to cover the normal cost each year and to amortize any unfunded actuarial
liabilities or funding excess over a period not to exceed thirty years. The following table shows the
components of the Village's annual OPEB cost for the year, the amount actually contributed to the plan,
and changes in the Village's net OPEB obligation for retired employees as of December 31, 2013.
Annual required contribution 963,025 $
Interest on net pension obligation 57,724
Adjustment to annual required contribution (71,524)
Annual OPEB cost 949,225
Contributions made 389,209
Increase in net OPEB Obligation 560,016
Net OPEB obligation at January 1, 2013 1,154,478
Net OPEB obligation at December 31, 2013 1,714,494 $
Trend Information
The Village's annual OPEB Cost, the percentage of annual OPEB cost contributed to the Plan, and the
net OPEB obligation for fiscal year 2013 is as follows:
Fiscal Annual Percentage Net
Year OPEB of OPEB OPEB
Ending Cost Contributed Obligation
12/31/13 949,225 $ 41.00%1,714,494 $
12/31/12 578,966 59.00 1,154,478
12/31/11 571,999 59.70 916,878
Funding Policy and Actuarial Assumptions
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined
regarding the funded status of the Plan and the annual required contributions of the employer are subject
to continual revision as actual results are compared with past expectations and new estimates are made
about the future.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
87
Note 12. Other Postemployment Benefits (OPEB) (Continued)
Funding Policy and Actuarial Assumptions (continued)
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as
understood by the employer and the plan members) and include the types of benefits provided at the time
of each valuation and the historical pattern of sharing of benefit costs between the employer and the plan
members to that point. The actuarial methods and assumptions used include techniques that are
designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the actuarial value
of assets, consistent with the long-term perspective of the calculations.
The following simplifying assumptions were made:
Actuarial valuation date
December 31, 2013
Actuarial cost method
Entry Age Normal
Amortization method
Level dollar, open
Amortization period
30 years
Asset valuation method
Market
Actuarial assumptions:
Investment rate of return*
Projected salary increases
Healthcare inflation rate
5.00%
3.50%
9.00% initial
5.00% ultimate
Assumed Mortality
RP – 2000 Mortality Table -
Projected to 2013 Combined Table
Percentage of active employees
Assumed to elect benefit
75%
Employer provided benefit
Explicit (eligible disabled pensioners): 100% of
premium for life
Implicit: Age adjust at every age
*Includes inflation at 2.50%
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
88
Note 12. Other Postemployment Benefits (OPEB) (Continued)
Funding Status and Funding Progress
The funded status of the plan as of December 31, 2013, the date of the latest valuation, was as follows:
Actuarial Accrued Liability (AAL)
$ 10,130,708
Actuarial Value of Plan Assets
$ -
Unfunded Actuarial Accrued Liability (UAAL)
$ 10,130,708
Funded ratio (actuarial value of plan assets/AAL)
0.00%
Covered payroll (active plan members)
$ 25,641,149
UAAL as a percentage of covered payroll 39.51%
The schedule of funding progress presented in the Required Supplementary Information (RSI) following
the notes to the financial statements, presents multiyear trend information about whether the actuarial
value of plan assets is increasing or decreasing over time relative to the actuarial accrued liability for
benefits.
Note 13. Pension Trust Funds – Financial Data
Schedule of Fiduciary Plan Net Position as of December 31, 2013
Total
PoliceFirefighters'Pension
PensionPensionTrust
Fund Fund Funds
Assets
Cash and cash equivalents 1,973,875 $ 818,184 $ 2,792,059 $
Investments
U.S. government and agency obligations 19,738,630 22,609,439 42,348,069
Municipal obligations 249,949 3,521,188 3,771,137
Corporate obligations 7,811,715 - 7,811,715
Equity mutual funds 32,169,605 34,992,273 67,161,878
Accrued interest receivable 137,212 117,048 254,260
Due from other funds 8,637 16,951 25,588
Prepaid expenses 6,650 2,737 9,387
Total assets 62,096,273 62,077,820 124,174,093
Liabilities
Accrued expenses 12,489 5,434 17,923
Net Position
Held in trust for pension benefits 62,083,784 $ 62,072,386 $ 124,156,170 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
89
Note 13. Pension Trust Funds – Financial Data (Continued)
Schedule of Changes in Fiduciary Plan Net Position as of December 31, 2013
Total
PoliceFirefighters'Pension
PensionPensionTrust
FundFundFunds
Additions
Contributions
Employer1,632,373 $ 3,116,164 $ 4,748,537 $
Participant677,024 758,222 1,435,246
Total contributions2,309,397 3,874,386 6,183,783
Investment income
Net appreciation in fair value
of investments4,406,988 6,242,163 10,649,151
Interest income2,092,307 1,442,145 3,534,452
Less investment expense(108,909) (151,961) (260,870)
Net investment income6,390,386 7,532,347 13,922,733
Total additions8,699,783 11,406,733 20,106,516
Deductions
Retirement pensions2,592,949 3,849,481 6,442,430
Widow pensions261,800 275,563 537,363
Disability pensions132,575 405,870 538,445
Total deductions2,987,324 4,530,914 7,518,238
Changes in net position5,712,459 6,875,819 12,588,278
Net position held in trust for pension benefits
Beginning56,371,325 55,196,567 111,567,892
Ending62,083,784 $ 62,072,386 $ 124,156,170 $
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
90
Note 14. Fund Balance Reporting
As of December 31, 2013, the Village’s fund balances were classified as follows:
General Fund
Special Tax
Allocation
Fund
Village
Permanent
Fund
Nonmajor
Governmental
Funds Totals
Nonspendable:
Prepaids15,846$ 53,289$ -$ -$ 69,135$
Inventory71,892 - - - 71,892
Total Nonspendable87,738 53,289 - - 141,027
Restricted purpose:
Debt Service- - - - -
Public Safety- - - 304,797 304,797
Street Improvements- - - 1,454,090 1,454,090
Economic Development- 5,181,401 - 4,291,781 9,473,182
Capital Projects- - - 252,173 252,173
Total Restricted- 5,181,401 - 6,302,841 11,484,242
Committed purpose:
Capital Project1,700,000 - - - 1,700,000
Total Committed1,700,000 - - - 1,700,000
Assigned purpose:
Debt Service- - - 168,937 168,937
Operations708,020 - - - 708,020
Capital Projects2,500,000 - 24,916,342 17,190,176 44,606,518
Total Assigned3,208,020 - 24,916,342 17,359,113 45,483,475
Total Unassigned26,823,063 - - - 26,823,063
Total Fund Balances31,818,821$ 5,234,690$ 24,916,342$ 23,661,954$ 85,631,807$
Note 15. Contingencies
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. The Village believes such amounts, if any, to
be immaterial.
Litigation
The Village has several pending legal proceedings that, in the opinion of management, are ordinary
routine matters incidental to the normal business conducted by the Village. In the opinion of management,
the outcome is neither probable nor estimable, and the ultimate dispositions of such proceedings are not
expected to have a material adverse effect on the Village's net position or activities.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
91
Note 16. New Accounting Pronouncements
GASB Statement No. 67, Financial Reporting for Pension Plans, will be effective for the Village beginning
with its year ended December 31, 2014. This statement builds upon the existing framework for financial
reports of defined benefit pension plans, which includes a statement of fiduciary net position (the amount
held in a trust for paying retirement benefits) and a statement of changes in fiduciary net position. This
statement enhances note disclosures and RSI for both defined benefit and defined contribution pension
plans and requires the presentation of new information about annual money-weighted rates of return in
the notes to the financial statements and in 10-year RSI schedules.
GASB Statement No. 68, Accounting and Financial Reporting for Pensions, will be effective for the Village
beginning with its year ended December 31, 2015. This statement requires governments providing
defined benefit pensions to recognize their long-term obligation for pension benefits as a liability for the
first time, and to more comprehensively and comparably measure the annual costs of pension benefits.
This statement also enhances accountability and transparency through revised and new note disclosures
and required supplementary information (RSI).
GASB Statement No. 69, Government Combinations and Disposals of Government Operations, will be
effective for the Village beginning with its year ended December 31, 2014. This statement establishes
accounting and financial reporting standards related to government combinations and disposals of
government operations. As used in this statement, the term government combinations includes a variety
of transactions referred to as mergers, acquisitions, and transfers of operations.
GASB Statement No. 70, Accounting and Financial Reporting for Nonexchange Financial Guarantees,
will be effective for the Village beginning with its year ended December 31, 2014. This statement requires
a government that extends a nonexchange financial guarantee to recognize a liability when qualitative
factors and historical data, if any, indicate that it is more likely than not that the government will be
required to make a payment on the guarantee. The amount of the liability to be recognized should be the
discounted present value of the best estimate of the future outflows related to the guarantee expected to
be incurred. When there is no best estimate but a range of the estimated future outflows can be
established, the amount of the liability to be recognized should be the discounted present value of the
minimum amount within the range.
GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement
Date – an amendment of GASB Statement No. 68. This statement is to improve accounting and financial
reporting by addressing an issue in Statement No. 68, Accounting and Financial Reporting for Pensions,
concerning transition provisions related to certain pension contributions made to defined benefit pension
plans prior to implementation of that Statement by employers and nonemployer contributing entities. The
provisions of this Statement should be applied simultaneously with the provisions of GASB Statement No.
68 (FY15).
GASB 67 and 68 will have a material impact on the Village’s financial statements. Management has not
currently determined what impact, if any, the other Statements may have on its financial statements.
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
92
Note 17. Restatement for Implementation of New Accounting Standard
As shown in the following table, the financial statements of the Village have been restated for the
implementation of GASB Statement No. 65, Items previously recorded as Assets and Liabilities (GASB
65). The Statement of Net Position of the Village included deferred charges within the Governmental
Activities of the Village in previous years. However, pursuant to GASB 65 applicable debt issuance costs
should now be recognized in the period incurred as an expense. Therefore, the Village restated the Net
Position of the Governmental Activities and the Totals column of the Primary Government’s financial
statements as follows:
Governmental
Activities
Net Position, December 31, 2012198,187,221$
Implementation of GASB 65(171,771)
Net Position, December 31, 2012 as restated198,015,450$
Note 18. Capital Lease
The Village of Glenview owns a parcel of land valued at $1,560,000 which is for the former Dominick’s
leased property (1020 Waukegan Road). The Village purchased this property in 2007 and continued to
lease this property to Dominick’s through the lease expiration date of December 31, 2012. The Village
entered into an agreement in December 2012 to lease the land over a ten year period to a high quality,
full-service grocer. This agreement contains a contingency period during which the grocer could
terminate the agreement for reasons including inability to secure satisfactory easements and lack of
project feasibility. Additionally, under the agreement the Village was responsible for demolishing the
existing Dominick’s store and site preparation. The original agreement was amended in February 2013 to
extend the contingency period through March 15, 2013. The lease commenced on November 1, 2013
and qualifies as a capital lease. Therefore the Village recorded a $1,534,000 lease receivable as of fiscal
year end and recognizes the activity as follows:
Year Ending
December 31,PaymentsPrincipalInterest
2014156,000 $ 115,080 $ 40,920 $
2015156,000 118,876 37,124
2016156,000 122,797 33,203
2017156,000 126,849 29,151
2018156,000 131,033 24,967
2019-2023754,000 696,891 57,109
Totals1,534,000 $ 1,311,526 $ 222,474 $
Future Minimum Lease Payments
Village of Glenview, Illinois
Notes to Financial Statements
December 31, 2013
93
Note 19. Subsequent Events
On May 6, 2014, the Village entered into an Asset Purchase Agreement with Aqua, Illinois, Inc. to sell the
North Maine utilities system that the Village has owned and operated by providing water and sewer
service to 5,000 customers primarily in unincorporated Cook County since 1997. This sale is currently
proceeding through the regulatory process and is projected to close in 2015.
REQUIRED SUPPLEMENTARY INFORMATION
(Unaudited)
94
Village of Glenview, Illinois
Required Supplementary Information –
Schedules of Funding Progress
Last Six Fiscal Years
Unfunded
Actuarial(assets in
Actuarial Accruedexcess of)Percentage
ActuarialValue ofLiability (AAL)AALFundedCoveredof Covered
ValuationAssetsEntry Age(UAAL)RatioPayrollPayroll
Date(a)(b)(b-a)(a/b)(c)((b-a)/c)
Illinois Municipal Retirement Fund:
12/31/201335,120,801 $ 47,085,269 $ 11,964,468 $ 74.59%15,518,088 $ 77.10%
12/31/201228,933,961 44,133,853 15,199,892 65.56 14,662,408 103.67
12/31/201125,605,004 41,668,646 16,063,642 61.4515,430,197 104.11
12/31/201025,016,549 40,760,603 15,744,054 61.3715,393,325 102.28
12/31/200922,392,299 37,187,807 10,392,189 60.2115,460,203 67.22
12/31/200817,094,534 33,814,187 16,719,653 50.5516,344,000 102.30
On a market value basis, the actuarial value of assets as of December 31, 2013 is $43,293,144. On a market basis, the
funded ratio would be 91.95%.
Police Pension Plan:
1/1/2013*57,270,922 $ 70,049,957 $ 12,779,035 $ 81.76%6,831,467 $ 187.06%
1/1/2012 53,944,719 63,376,050 9,431,331 85.12 6,740,053 139.93
1/1/201153,788,060 59,435,239 5,647,179 90.50 6,603,509 85.52
1/1/201049,768,625 58,424,453 8,655,828 85.186,310,520 137.17
1/1/200946,437,539 55,244,848 8,807,309 84.066,584,950 133.75
1/1/200841,723,979 47,510,348 5,786,369 87.825,853,046 98.86
Firefighters' Pension Plan:
1/1/2013*55,863,978 $ 77,020,861 $ 21,156,883 $ 72.53%7,775,957 $ 272.08%
1/1/2012*53,317,305 79,294,776 25,977,471 67.24 7,639,169 340.06
1/1/201157,176,567 75,563,246 18,386,679 75.67 7,195,162 255.54
1/1/201054,396,082 73,324,302 18,928,220 74.197,049,374 268.51
1/1/200952,055,144 68,871,887 16,816,743 75.586,589,276 255.21
1/1/200848,536,292 65,958,674 17,422,382 73.596,550,595 265.97
* Most recent actuarial valuation date.
95
Village of Glenview, Illinois
Required Supplementary Information –
Schedules of Funding Progress (Continued)
Last Six Fiscal Years
Unfunded
Actuarial(assets in
Actuarial Accruedexcess of)Percentage
ActuarialValue ofLiability (AAL)AALFundedCoveredof Covered
ValuationAssetsEntry Age(UAAL)RatioPayrollPayroll
Date(a)(b)(b-a)(a/b)(c)((b-a)/c)
Other Postemployment Benefit Plan:
2013*-$ 10,130,708 $ 10,130,708 $ -%25,641,149 $ 39.51%
2012 - 9,556,094 9,556,094 - 29,228,867 32.69
2011 - 9,556,094 9,556,094 - 29,228,867 32.69
2010 - 8,695,668 8,695,668 -26,967,070 32.25
2009 - 8,695,668 8,695,668 -NA NA
2008 - NA NA NA NA NA
The Village implemented GASB Statement No. 45 for the fiscal year ended December 31, 2007. Information for prior
years is not available.
* Results from prior year.
96
Village of Glenview, Illinois
Required Supplementary Information
Schedules of Employer Contributions
Last Six Fiscal Years
Police Pension Plan
Annual
FiscalEmployer RequiredPercentage
YearContributionsContributionContributed
20131,632,373 $ 1,812,556 $ 90.06%
20121,812,692 1,569,531 115.49
20111,767,986 1,347,587 131.20
20101,802,629 1,370,885 131.49
2009 1,168,933 933,477 125.22
20081,393,628 1,081,786 128.83
Firefighters' Pension Plan
Annual
FiscalEmployer RequiredPercentage
YearContributionsContributionContributed
20133,116,164 $ 2,985,212 $ 104.39%
20122,926,010 2,420,075 120.91
20112,806,961 2,160,105 129.95
20102,541,870 1,941,060 130.95
2009 1,985,871 1,987,548 99.92
20081,805,026 1,712,540 105.40
97
Village of Glenview, Illinois
General Fund
For the Year Ended December 31, 2013
Original Final Actual Variance
Revenues
Taxes
Property 10,839,156 $ 10,839,156 $ 10,777,918 $ (61,238) $
Other 14,014,266 14,014,266 13,944,053 (70,213)
Licenses and permits 1,854,000 1,854,000 4,461,768 2,607,768
Charges for services 6,782,452 6,782,452 8,065,705 1,283,253
Fines and forfeitures 140,000 140,000 228,419 88,419
Intergovernmental 21,860,289 21,860,289 23,234,196 1,373,907
Investment income 63,000 63,000 115,809 52,809
Other revenues - - 3,045 3,045
Total revenues 55,553,163 55,553,163 60,830,913 5,277,750
Expenditures
Current
General government 16,171,860 16,198,785 16,147,986 50,799
Public works 7,800,883 7,816,453 7,489,675 326,778
Public safety 25,830,497 26,037,611 26,529,039 (491,428)
Development 904,252 946,097 950,689 (4,592)
Total expenditures 50,707,492 50,998,946 51,117,389 (118,443)
Excess of revenues
over expenditures 4,845,671 4,554,217 9,713,524 5,159,307
Other financing sources (uses)
Proceeds from sales of capital assets - - 2,500,000 2,500,000
Transfers in 1,720,622 1,720,622 3,265,639 1,545,017
Transfers out (6,948,862) (9,448,862) (9,420,428) 28,434
Total other financing
sources (uses)(5,228,240) (7,728,240) (3,654,789) 4,073,451
Net change in fund balance (382,569) $ (3,174,023) $ 6,058,735 9,232,758 $
Fund balance – beginning of year 25,760,086
Fund balance – end of year 31,818,821 $
Required Supplementary Information
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
Budget
98
Village of Glenview, Illinois
Special Tax Allocation Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
For the Year Ended December 31, 2013
OriginalFinalActual Variance
Revenues
Taxes
Property27,894,867 $ 27,894,867 $ 26,605,118 $ (1,289,749) $
Charges for services14,180 14,180 17,180 3,000
Intergovernmental- - 82,845 82,845
Investment income25,000 25,000 104,276 79,276
Other- - 8,470 8,470
Total revenues27,934,047 27,934,047 26,817,889 (1,116,158)
Expenditures
General government25,946,709 25,946,709 19,434,830 6,511,879
Debt service
Bond issuance costs- - - -
Principal29,785,000 29,785,000 29,785,000 -
Interest and fiscal charges2,213,500 2,213,500 2,125,128 88,372
Total expenditures57,945,209 57,945,209 51,344,958 6,600,251
Deficiency of revenues
over expenditures(30,011,162) (30,011,162) (24,527,069) 5,484,093
Other financing sources (uses)
Provisions for loss on land held for resale24,000,000 24,000,000 (1,193,062) (25,193,062)
Proceeds from debt issuance- - 28,125,000 28,125,000
(281,580) (281,580) (281,580) -
Total other financing sources (uses)23,718,420 23,718,420 26,650,358 2,931,938
Net change in fund balance(6,292,742) $ (6,292,742) $ 2,123,289 8,416,031 $
Fund balance – beginning of year3,111,401
Fund balance – end of year5,234,690 $
Required Supplementary Information
Transfers out
Budget
Village of Glenview, Illinois
Required Supplementary Information (Unaudited)
Notes to Required Supplementary Information
December 31, 2013
99
Note 1. Legal Compliance – Budgets
A. Budgets
The Village follows the budget act and implements the following procedures noted below in establishing
the budgetary data reflected in the financial statements.
1. All departments of the Village submit requests for budget to the Village's manager so that a
budget may be prepared. The budget is prepared by fund and includes information on the past
year, current estimates, and requested budgets for the next fiscal year.
2. The proposed budget is presented to the governing body, the Village Board, for review. The
Village Board holds public hearings and may add to, subtract from, or change budgets, but may
not change the form of the budget.
3. The budget is legally enacted by the Board of Trustees.
4. The Village Manager is authorized to transfer budgeted amounts between departments within any
fund; however, any revisions that alter the total expenditures/expenses of any fund must be
approved by the Village Board.
5. The level of control (the level at which expenditures may not exceed the budget) is at the fund
level. Expenditures may not legally exceed budgets at the fund level. The Village adopted the
budget on December 4, 2012 and amended the budget at various times throughout the year.
Budgets are generally adopted on a basis consistent with generally accepted accounting principles.
Annual budgets are adopted for the General Fund, special revenue funds, debt service funds, and the
capital project funds on the modified accrual basis. The enterprise, internal service, and pension trust
funds on the accrual basis, except principal expense and capital expenditures are budgeted, and
depreciation expense is not budgeted. All annual budgets lapse at the end of the fiscal year.
B. Excess of Actual Expenditures/Expenses over Budget in Individual Funds
The following funds had an excess of actual expenditures and transfers out over final budget:
Fund Excess
General 90,009 $
Village Permanent Fund 3,222,534
Police Pension 318,857
SUPPLEMENTAL INFORMATION
GOVERNMENTAL FUND DESCRIPTIONS
MAJOR FUNDS
Note that summaries of the General Fund and the major special revenue funds are provided in the
required supplementary information section. The details for all major funds are presented first in the
Supplemental Information section due to their materiality.
General Fund - a governmental fund used to account for the acquisition and use of resources which are
not accounted for in other fund types.
Special Tax Allocation Fund - a special revenue fund used to account for the incremental property tax
revenue that is generated through the growth of the assessed valuation at The Glen, (formerly referred to
as Glenview Naval Air Station) and the 'Make-Whole' payments to core jurisdictions within the boundaries
of the Tax Increment District. The core jurisdictions consist of: the Village of Glenview, School District 34,
School District 225, the Glenview Park District, and the Glenview Public Library, a component unit of the
Village. This fund also accounts for the service and incentive fees within the Tax Increment District.
Village Permanent Fund - a capital projects fund used to accumulate and account for a specific portion
of the land sales proceeds of The Glen. Twenty percent of the land sale revenues are assigned for
capital and economic development expenditures throughout the Village (outside of the Glen).
Additionally, Permanent Fund assets can be loaned for short-term liquidity to other Village funds as a
result of exhaustion of cash reserves.
100
2013 2012
OriginalFinal ActualActual
Local taxes
Property taxes for Village
Current year 2,369,130 $ 2,369,130 $ 2,452,900 $ 2,671,455 $
Prior year 10,000 10,000 (40,503) (24,317)
Property taxes - debt service
Current year 1,948,862 1,948,862 1,861,962 2,033,455
Prior year - - (23,597) (3,047)
Property taxes - police and firefighters'
pension 4,694,672 4,694,672 4,748,537 4,738,673
Property taxes - other Village pensions1,816,492 1,816,492 1,778,619 1,575,827
Total property taxes 10,839,156 10,839,156 10,777,918 10,992,046
Other taxes
Utility taxes
Natural gas 1,190,000 1,190,000 1,211,932 989,489
Electricity 2,148,129 2,148,129 2,258,146 2,188,440
Telecommunications 3,017,708 3,017,708 2,526,231 2,771,970
Hotel room tax 720,000 720,000 762,755 739,047
Amusement tax 101,602 101,602 95,889 94,925
Home rule sales tax 6,806,827 6,806,827 7,054,260 6,709,580
Business district tax 30,000 30,000 33,218 -
Miscellaneous taxes - - 1,622 2,047
Total other taxes 14,014,266 14,014,266 13,944,053 13,495,498
Total local taxes 24,853,422 24,853,422 24,721,971 24,487,544
Licenses and permits
Business licenses 100,000 100,000 84,805 81,465
Liquor licenses 180,000 180,000 174,017 177,526
Building permits 1,500,000 1,500,000 3,928,749 1,516,570
Contractors' fees 50,000 50,000 42,730 36,108
Engineering fees - - 179,605 77,131
Oversized vehicle permits 8,000 8,000 23,174 10,840
Plan fees 16,000 16,000 28,688 23,598
Total licenses and permits 1,854,000 1,854,000 4,461,768 1,923,238
(Continued)
Village of Glenview, Illinois
General Fund
Schedule of Detailed Revenues and Other Financing Sources - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
101
2013 2012
OriginalFinal ActualActual
Fees, fines, and service charges
Charges for services
Dog impound fees 2,000 $ 2,000 $ 2,520 $ 2,765 $
Lease fees 702,000 702,000 783,294 603,646
Natural gas franchise fees 44,651 44,651 42,985 45,562
Cable franchise fees 600,000 600,000 685,369 635,035
Bidder fees 10,000 10,000 3,660 3,220
Development fees 8,000 8,000 8,015 64,911
Insurance reimbursements 1,591,350 1,591,350 1,601,797 1,534,202
Copies - - 3,245 3,988
Special event fees - - 975 50
Map sales - - 69 93
Village of Golf inspection fees - - 4,165 5,015
Refuse and recycling charges
Bin sales 1,500 1,500 82 1,276
Yard waste sticker sales 6,000 6,000 7,119 7,141
Tipping fees 820,000 820,000 829,335 810,900
SWANCC recycling incentive 24,500 24,500 20,690 39,019
Joint dispatch charges
911 surcharge 275,500 275,500 292,007 299,696
Wireless 911 surcharge 339,900 339,900 334,244 359,926
Fire communication sub. service - - 150 150
Grayslake Dispatch 576,984 576,984 599,105 598,652
Morton Grove Dispatch 459,728 459,728 667,573 246,631
Niles Dispatch 539,681 539,681 662,318 377,815
Other service charges
Police extra duty 255,000 255,000 180,034 339,314
Reimbursements 80,000 80,000 247,426 98,166
Supervision - - 7,208 7,799
Annexation fee 200,000 200,000 597,366 -
Miscellaneous 19,958 19,958 262,305 39,415
Administrative fees for governmental funds
Library Fund 135,700 135,700 134,354 134,582
SWANCC host community fees 90,000 90,000 88,295 87,476
Total charges for services 6,782,452 6,782,452 8,065,705 6,346,445
(Continued)
Village of Glenview, Illinois
General Fund
Schedule of Detailed Revenues and Other Financing Sources - Budget and Actual (Continued)
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
102
2013 2012
OriginalFinal ActualActual
Fees, fines, and service charges (continued)
Fines and forfeitures
Traffic fines 120,000 $ 120,000 $ 93,877 $ 116,908 $
Other fines 20,000 20,000 134,542 107,290
Total fines and forfeitures 140,000 140,000 228,419 224,198
Total fees, fines, and service
charges 6,922,452 6,922,452 8,294,124 6,570,643
Intergovernmental
Glenbrook Fire Protection District 2,200,000 2,200,000 2,195,805 2,373,770
Village of Golf fire protection services 145,998 145,998 146,000 140,384
Road and bridge taxes
Current year 359,100 359,100 372,315 374,597
Prior year 10,000 10,000 (2,159) 4,966
Sales tax 13,176,505 13,176,505 13,833,697 13,091,218
Property replacement tax 200,000 200,000 238,011 214,116
Illinois income tax 3,800,000 3,800,000 4,309,714 3,962,313
Local use tax 650,000 650,000 800,511 702,009
Make-whole payment 1,318,686 1,318,686 1,331,099 1,318,686
Other intergovernmental
Grant proceeds - - 9,203 29,750
Total intergovernmental 21,860,289 21,860,289 23,234,196 22,211,809
Investment income
Interest - savings 12,000 12,000 14,129 31,189
Interest - investments 51,000 51,000 101,680 84,213
Total investment income 63,000 63,000 115,809 115,402
(Continued)
Village of Glenview, Illinois
General Fund
Schedule of Detailed Revenues and Other Financing Sources - Budget and Actual (Continued)
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
103
2013 2012
OriginalFinal ActualActual
Other revenues
Miscellaneous -$ -$ 3,045 $ 28,674 $
Total other revenues - - 3,045 28,674
Total revenues before other
financing sources 55,553,163 55,553,163 60,830,913 55,337,310
Other financing sources
Sale of land held for resale - - 2,500,000 -
Transfers in
North Maine Water and Sewer Fund139,042 139,042 139,042 135,651
Wholesale Water Fund 300,000 300,000 300,000 300,000
Special Tax Allocation Fund 281,580 281,580 281,580 273,379
Insurance and Risk Fund 1,000,000 1,000,000 1,000,000 -
Capital Projects Fund - - 1,500,000 -
Waukegan Golf TIF - - 45,017 -
Total other financing sources 1,720,622 1,720,622 5,765,639 709,030
Total revenues and other
financing sources 57,273,785 $ 57,273,785 $ 66,596,552 $ 56,046,340 $
Village of Glenview, Illinois
General Fund
Schedule of Detailed Revenues and Other Financing Sources - Budget and Actual (Continued)
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
104
2013 2012
OriginalFinal ActualActual
General government
Village Board of Trustees
President and Board
Personnel 8,720 $ 8,720 $ 8,721 $ 8,409 $
Contractual services 48,024 46,177 42,129 43,778
Commodities 400 400 - 834
Other charges 900 900 188 1,381
Total President and Board 58,044 56,197 51,038 54,402
Special board appropriations
Personnel 26,913 26,913 30,891 30,444
Contractual services 250,230 250,230 228,037 237,851
Total special board appropriations277,143 277,143 258,928 268,295
Total Village Board of Trustees 335,187 333,340 309,966 322,697
Village Manager's office
Administration division
Personnel 726,033 759,022 849,675 763,673
Contractual services 30,674 52,013 40,583 85,157
Commodities - - - 87
Other charges 6,350 6,350 14,754 16,166
Total administration division 763,057 817,385 905,012 865,083
Human resources division
Personnel 246,490 250,981 225,643 253,839
Contractual services 24,053 24,053 42,533 74,043
Commodities - - 168 530
Other charges 862,000 865,000 892,641 1,153,358
Total human resources division1,132,543 1,140,034 1,160,985 1,481,770
(Continued)
Village of Glenview, Illinois
General Fund
Schedule of Detailed Expenditures and Other Financing Uses - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
105
2013 2012
OriginalFinal ActualActual
General government (continued)
Village Manager's office (continued)
Communications division
Personnel 137,128 $ 137,128 $ 143,546 $ 136,956 $
Contractual services 106,158 106,805 52,371 106,006
Commodities 2,410 2,410 1,753 1,371
Other charges 1,900 1,900 50 -
Total communications division 247,596 248,243 197,720 244,333
Legal
Personnel 2,862 2,862 - -
Contractual services 395,790 418,790 491,688 475,648
Total legal 398,652 421,652 491,688 475,648
Records division
Personnel 356,674 358,548 367,437 337,671
Contractual services 4,830 4,830 4,750 142
Commodities 1,950 1,950 999 2,095
Other charges 2,500 2,500 2,381 1,704
Total records division 365,954 367,828 375,567 341,612
Joint Dispatch division
Personnel 3,000,103 3,007,619 2,720,673 2,274,802
Contractual services 116,172 132,536 94,995 63,170
Commodities 16,111 17,059 16,831 23,134
Other charges 92,862 92,862 91,958 88,238
Total joint dispatch division 3,225,248 3,250,076 2,924,457 2,449,344
Total Village Manager's office6,133,050 6,245,218 6,055,429 5,857,790
Administration services
Administration division
Personnel 281,101 215,284 210,688 297,117
Contractual services 2,065 2,065 1,834 934
Other charges 3,400 3,400 2,200 5,334
Total administration division 286,566 220,749 214,722 303,385
(Continued)
General Fund
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
Schedule of Detailed Expenditures and Other Financing Uses - Budget and Actual (Continued)
Village of Glenview, Illinois
106
2013 2012
OriginalFinal ActualActual
General government (continued)
Administration services (continued)
Finance
Personnel 383,709 $ 321,353 $ 319,015 $ 347,746 $
Contractual services 751,060 799,194 958,866 725,357
Other charges 7,350 7,350 5,102 4,250
Total finance 1,142,119 1,127,897 1,282,983 1,077,353
General government
Personnel 189,329 (88,445) - -
Contractual services 1,782,043 1,782,043 1,768,307 1,863,355
Commodities 34,950 34,950 38,607 32,089
Other charges 304,294 7,960 71,991 28,326
Total general government 2,310,616 1,736,508 1,878,905 1,923,770
Total finance department 3,739,301 3,085,154 3,376,610 3,304,508
Resolution center
Personnel 312,936 385,400 402,186 345,340
Other charges 2,095 2,095 160 -
Total resolution center 315,031 387,495 402,346 345,340
CADD operations
Personnel 98,886 98,886 95,006 94,408
Contractual services 171,749 198,749 207,763 184,905
Other charges 200 200 - 140
Total CADD operations 270,835 297,835 302,769 279,453
Information technology (IT)
Contractual services 1,541,484 1,554,184 1,740,021 1,699,025
Commodities 106,372 106,372 71,817 86,216
Other charges 232,412 232,412 212,611 230,208
Total information technology 1,880,268 1,892,968 2,024,449 2,015,449
Total administration services 6,205,435 5,663,452 6,106,174 5,944,750
(Continued)
General Fund
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
Village of Glenview, Illinois
Schedule of Detailed Expenditures and Other Financing Uses - Budget and Actual (Continued)
107
2013 2012
OriginalFinal ActualActual
General government (continued)
Capital projects department
Administration
Personnel 571,195 $ 598,022 $ 623,889 $ 611,877 $
Contractual services 45,533 45,533 35,346 34,562
Commodities 9,553 9,553 5,172 3,979
Other charges 29,546 29,546 23,364 25,110
Total administration 655,827 682,654 687,771 675,528
Facilities division
Personnel 293,042 303,761 297,609 286,130
Contractual services 587,752 575,958 480,847 526,201
Commodities 221,450 233,244 192,950 170,429
Other charges 15,166 15,166 14,528 8,934
Total facilities division 1,117,410 1,128,129 985,934 991,694
Inspections division
Personnel 1,389,581 1,394,922 1,268,792 1,333,092
Contractual services 288,255 704,330 692,891 322,793
Commodities 5,258 4,883 3,504 2,245
Other charges 41,857 41,857 37,525 38,847
Total inspections division 1,724,951 2,145,992 2,002,712 1,696,977
Total capital projects
department 3,498,188 3,956,775 3,676,417 3,364,199
Total general government 16,171,860 16,198,785 16,147,986 15,489,436
(Continued)
Village of Glenview, Illinois
General Fund
Schedule of Detailed Expenditures and Other Financing Uses - Budget and Actual (Continued)
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
108
2013 2012
OriginalFinal ActualActual
Public works department
Personnel 3,129,640 $ 3,150,981 $ 3,129,882 $ 3,089,264 $
Contractual services 2,542,710 2,482,439 2,279,556 2,107,513
Commodities 960,605 960,605 1,005,480 939,998
Other charges 824,678 829,178 705,635 698,794
Capital outlay 343,250 393,250 369,122 201,426
Total public works department 7,800,883 7,816,453 7,489,675 7,036,995
Public safety
Police department
Personnel 9,149,096 9,241,793 9,568,278 9,327,921
Contractual services 157,605 151,855 139,415 128,453
Commodities 128,030 135,055 122,291 123,312
Other charges 2,155,967 2,148,921 2,102,278 2,295,115
Total police department 11,590,698 11,677,624 11,932,262 11,874,801
Fire department
Personnel 9,914,774 9,942,083 10,167,622 9,822,942
Contractual services 114,288 219,888 224,242 151,849
Commodities 231,572 225,274 207,147 240,784
Other charges 3,979,165 3,972,742 3,997,766 3,834,749
Total fire department 14,239,799 14,359,987 14,596,777 14,050,324
Total public safety 25,830,497 26,037,611 26,529,039 25,925,125
(Continued)
Budget
Village of Glenview, Illinois
General Fund
Schedule of Detailed Expenditures and Other Financing Uses - Budget and Actual (Continued)
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
109
2013 2012
OriginalFinal ActualActual
Development department
Administration
Personnel 215,161 $ 218,432 $ 257,989 $ 264,925 $
Contractual services 3,120 3,120 2,623 4,177
Commodities 2,300 2,300 603 2,445
Other charges 4,500 4,500 3,835 3,062
Total administration 225,081 228,352 265,050 274,609
Economic development
Personnel 91,573 91,573 94,616 97,068
Contractual services 79,530 105,544 76,355 109,072
Other charges 650 650 285 1,047
Total economic development 171,753 197,767 171,256 207,187
Planning and zoning
Personnel 403,858 400,932 416,038 356,260
Contractual services 80,575 96,061 69,326 100,894
Other charges 22,985 22,985 29,019 28,079
Total planning and zoning 507,418 519,978 514,383 485,233
Total development department 904,252 946,097 950,689 967,029
Total current expenditures50,707,492 50,998,946 51,117,389 49,418,585
Total expenditures 50,707,492 50,998,946 51,117,389 49,418,585
Other financing uses
Transfers out
Internal service funds - - 120,641 248,378
Corporate Purpose Debt Service Fund1,948,862 1,948,862 1,838,365 2,030,408
Capital Projects Fund 5,000,000 7,500,000 7,461,422 2,806,909
Total other financing uses 6,948,862 9,448,862 9,420,428 5,085,695
Total expenditures and
other financing uses 57,656,354 $ 60,447,808 $ 60,537,817 $ 54,504,280 $
(With comparative totals for the year ended December 31, 2012)
Village of Glenview, Illinois
General Fund
Schedule of Detailed Expenditures and Other Financing Uses - Budget and Actual (Continued)
For the Year Ended December 31, 2013
Budget
110
2013 2012
Original Final ActualActual
Revenues
Local taxes
Property taxes - incremental 27,894,867 $ 27,894,867 $ 26,605,118 $ 26,283,659 $
Intergovernmental - miscellaneous - - 82,845 143,182
Investment income 25,000 25,000 104,276 133,801
Charges for services 14,180 14,180 17,180 17,180
Other revenues - - 8,470 -
Total revenues 27,934,047 27,934,047 26,817,889 26,577,822
Expenditures
General government
Personnel 404,675 404,675 403,455 396,698
Contractual services 25,389,413 25,393,913 18,935,446 22,737,481
Commodities 141,702 137,202 86,055 96,015
Other charges 10,919 10,919 9,874 33,634
Debt service
Bond issuance costs - - - 92,160
Principal 29,785,000 29,785,000 29,785,000 7,045,000
Interest and fiscal charges 2,213,500 2,213,500 2,125,128 2,460,539
Total expenditures 57,945,209 57,945,209 51,344,958 32,861,527
Deficiency of revenues over
expenditures (30,011,162) (30,011,162) (24,527,069) (6,283,705)
Other financing sources (uses)
Provisions for loss on land held for resale24,000,000 24,000,000 (1,193,062) -
Payment to bond escrow agent - - - (27,796,231)
Proceeds from loan - - 28,125,000 25,820,000
Premium on bond issuance - - - 2,075,642
Transfers out
General Fund (281,580) (281,580) (281,580) (273,379)
Total other financing sources (uses)23,718,420 23,718,420 26,650,358 (173,968)
Net change in fund balance (6,292,742) $ (6,292,742) $ 2,123,289 (6,457,673)
Fund balance - beginning 3,111,401 9,569,074
Fund balance - ending 5,234,690 $ 3,111,401 $
Village of Glenview, Illinois
Special Tax Allocation Fund - Major Fund
Schedule of Detailed Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
111
Original
and Final20132012
BudgetActualActual
Revenues
Charges for services -$ -$ 156,000 $
Investment income 26,800 100,992 122,546
Total revenues 26,800 100,992 278,546
Expenditures
Development
Contractual services - 46,802 -
Total expenditures - 46,802 -
Excess of revenues over expenditures 26,800 54,190 278,546
Other financing uses
Provisions for loss on land held for resale - (5,166,052) -
Transfers out
Facility Replacement Fund - (486,541) -
Capital Projects Fund (799,600) (21,518) (269,204)
Glenview Sanitary Fund (1,700,000) (1,221) (74,555)
Total other financing uses (2,499,600) (5,675,332) (343,759)
Net change in fund balance (2,472,800) $ (5,621,142) (65,213)
Fund balance - beginning 30,537,484 30,602,697
Fund balance - ending 24,916,342 $ 30,537,484 $
Village of Glenview, Illinois
Village Permanent Fund - Major Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
GOVERNMENTAL FUND DESCRIPTIONS
NONMAJOR FUNDS
NONMAJOR SPECIAL REVENUE FUNDS
Motor Fuel Tax Fund - to account for revenues received from the state of Illinois for the local share of the
motor fuel tax collections and used for street maintenance and construction. State law requires that these
gasoline taxes be used to maintain streets.
Foreign Fire Insurance Fund - to account for a 2% charge imposed by the state on insurance premiums
received from companies not incorporated in the state of Illinois but that are engaged in providing fire
insurance in the Village. These special revenues are restricted to fire department expenditures approved
by the Foreign Fire Insurance Board.
Police Department Special Account Fund - to account for revenues received from the office of the
Illinois State Police, which are restricted to various types of investigations.
Waukegan Golf TIF Fund – to account for the incremental property tax revenue that is generated
through the growth of the assessed valuations at the redeveloped area near the northeast corner of the
Waukegan Road and Golf road intersection.
NONMAJOR DEBT SERVICE FUND
Corporate Purpose Bonds Fund - to account for the accumulation of monies for payment of principal
and interest on bonded debt paid from governmental fund resources.
NONMAJOR CAPITAL PROJECT FUNDS
Capital Projects Fund – to account for revenues and expenditures involved with improvements
throughout the Village which are not included in other capital project funds.
Glen Capital Projects Fund – (formerly called the “1995 GNAS Bond Projects Fund”) – to account for
expenditures related to various development projects related to The Glen.
112
Village of Glenview, Illinois
Nonmajor Governmental Funds
Combining Balance Sheet
December 31, 2013
Total
SpecialDebt CapitalNonmajor
RevenueServiceProjectGovernmental
Funds Fund Funds Funds
Cash and cash equivalents 5,406,525 $ 157,729 $ 7,783,715 $ 13,347,969 $
Investments 751,790 - 11,685,662 12,437,452
Receivables
Accounts, net - - 153,244 153,244
Other - - 252,368 252,368
Due from other funds - 11,958 - 11,958
Due from other governments 111,835 - 35,206 147,041
Total assets 6,270,150 $ 169,687 $ 19,910,195 $ 26,350,032 $
Liabilities
Accounts payable 218,711 $ 750 $ 1,717,518 $ 1,936,979 $
Other payables 771 - 622,671 623,442
Unearned revenue - - 127,657 127,657
Total liabilities 219,482 750 2,467,846 2,688,078
Fund balances
Restricted 6,050,668 - 252,173 6,302,841
Assigned - 168,937 17,190,176 17,359,113
Total fund balances 6,050,668 168,937 17,442,349 23,661,954
Total liabilities and
fund balances 6,270,150 $ 169,687 $ 19,910,195 $ 26,350,032 $
Assets
Liabilities and Fund Balances
113
Village of Glenview, Illinois
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year Ended December 31, 2013
Total
SpecialDebtCapitalNonmajor
RevenueServiceProjectGovernmental
FundsFundFundsFunds
Revenues
Intergovernmental1,783,441 $ -$ 647,400 $ 2,430,841 $
Investment income6,128 1,940 12,327 20,395
Other revenue30,857 - 444,121 474,978
Total revenues1,820,426 1,940 1,103,848 2,926,214
Expenditures
Current
Public safety158,255 - - 158,255
Development9,499 - 9,447 18,946
Capital outlay1,327,998 - 6,925,625 8,253,623
Debt service
Bond issuance costs27,628 - 33,548 61,176
Principal- 1,175,000 23,776 1,198,776
Interest and fiscal charges- 636,046 - 636,046
Total expenditures1,523,380 1,811,046 6,992,396 10,326,822
Excess (deficiency) of revenues
over expenditures297,046 (1,809,106) (5,888,548) (7,400,608)
Proceeds from bond issuance4,385,000 - 6,065,000 10,450,000
Premium on bond issuance- - 69,535 69,535
Discount on bond issuance(11,539) - - (11,539)
Transfers in- 1,838,365 7,948,860 9,787,225
Transfers out(45,017) - (1,581,419) (1,626,436)
Total other financing sources
(uses)4,328,444 1,838,365 12,501,976 18,668,785
Net change in fund balances 4,625,490 29,259 6,613,428 11,268,177
Fund balances – beginning 1,425,178 139,678 10,828,921 12,393,777
Fund balances – ending 6,050,668 $ 168,937 $ 17,442,349 $ 23,661,954 $
Other financing sources (uses)
114
Village of Glenview, Illinois
Nonmajor Special Revenue Funds
Combining Balance Sheet
December 31, 2013
Police
ForeignDepartmentTotal
Motor FireSpecialWaukeganNonmajor
Fuel TaxInsuranceAccountGolf TIFSpecial Revenue
FundFundFundFundFunds
Cash and cash equivalents809,176 $ 246,090 $ 59,478 $ 4,291,781 $ 5,406,525 $
Investments751,790 - - - 751,790
Due from other governments111,835 - - - 111,835
Total assets1,672,801 $ 246,090 $ 59,478 $ 4,291,781 $ 6,270,150 $
Liabilites
Accounts payable 218,711 $ -$ -$ -$ 218,711 $
Other payables - - 771 - 771
Total liabilities 218,711 - 771 - 219,482
Fund balances
Restricted 1,454,090 246,090 58,707 4,291,781 6,050,668
Total fund balances 1,454,090 246,090 58,707 4,291,781 6,050,668
Total liabilities and
fund balances 1,672,801 $ 246,090 $ 59,478 $ 4,291,781 $ 6,270,150 $
Assets
Liabilities and Fund Balances
115
Village of Glenview, Illinois
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year Ended December 31, 2013
Police
ForeignDepartmentTotal
Motor FireSpecialWaukeganNonmajor
Fuel TaxInsuranceAccountGolf TIFSpecial Revenue
FundFundFundFundFunds
Revenues
Intergovernmental1,688,490 $ 94,951 $ -$ -$ 1,783,441 $
Other revenue- - 30,857 - 30,857
Investment income4,801 755 108 464 6,128
Total revenues1,693,291 95,706 30,965 464 1,820,426
Expenditures
Public safety- 158,255 - - 158,255
Development- - - 9,499 9,499
Capital outlay1,323,243 - 4,755 - 1,327,998
Debt service -
Bond issuance costs- - - 27,628 27,628
Total expenditures1,323,243 158,255 4,755 37,127 1,523,380
Excess (deficiency) of revenues
over expenditures370,048 (62,549) 26,210 (36,663) 297,046
Proceeds from bond issuance- - - 4,385,000 4,385,000
Discount on bond issuance- - - (11,539) (11,539)
Transfers out- - - (45,017) (45,017)
Total other financing sources
(uses)- - - 4,328,444 4,328,444
Net change in fund balances370,048 (62,549) 26,210 4,291,781 4,625,490
Fund balances – beginning 1,084,042 308,639 32,497 - 1,425,178
Fund balances – ending 1,454,090 $ 246,090 $ 58,707 $ 4,291,781 $ 6,050,668 $
Other financing sources (uses)
116
Original and 20132012
Final BudgetActualActual
Revenues
Intergovernmental
Motor fuel tax1,429,600 $ 1,688,490 $ 1,704,177 $
Investment income2,500 4,801 6,739
Total revenues1,432,100 1,693,291 1,710,916
Expenditures
Capital outlay1,429,600 1,323,243 1,579,600
Net change in fund balance2,500 $ 370,048 131,316
Fund balance - beginning1,084,042 952,726
Fund balance - ending1,454,090 $ 1,084,042 $
Village of Glenview, Illinois
Motor Fuel Tax Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
117
20132012
OriginalFinalActualActual
Revenues
Intergovernmental
Foreign fire insurance tax75,000 $ 75,000 $ 94,951 $ 82,984 $
Investment income2,000 2,000 755 2,222
Total revenues77,000 77,000 95,706 85,206
Expenditures
Public safety
Contractual services 27,860 27,860 8,549 5,351
Commodities 57,140 130,395 148,957 96,223
Other charges - - 749 -
Total expenditures 85,000 158,255 158,255 101,574
Net change in fund balance (8,000) $ (81,255) $ (62,549) (16,368)
Fund balance - beginning 308,639 325,007
Fund balance - ending 246,090 $ 308,639 $
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
Village of Glenview, Illinois
Foreign Fire Insurance Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
118
Original and 20132012
Final BudgetActualActual
Revenues
Investment income100 $ 108 $ 281 $
Other revenue- 30,857 3,755
Total revenues100 30,965 4,036
Expenditures
Public safety
Other charges- - 1,362
Capital outlay27,961 4,755 5,981
Total expenditures27,961 4,755 7,343
Net change in fund balance(27,861) $ 26,210 (3,307)
Fund balance - beginning32,497 35,804
Fund balance - ending58,707 $ 32,497 $
Village of Glenview, Illinois
Police Department Special Account Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
119
2013 2012
OriginalFinal ActualActual
Revenues
Investment income -$ -$ 464 $ -$
Total revenues - - 464 -
Expenditures
Development
Contractual - 9,499 9,499 -
Debt service
Bond issuance costs - 27,628 27,628 -
Total expenditures - 37,127 37,127 -
Deficiency of revenues
over expenditures - (37,127) (36,663) -
Other financing sources (uses)
Proceeds from bond issuance - - 4,385,000 -
Discount on bond issuance - - (11,539) -
Transfers out
General Fund - (45,018) (45,017) -
Total other financing sources (uses)- (45,018) 4,328,444 -
Net change in fund balance -$ (82,145) $ 4,291,781 -
Fund balance - beginning - -
Fund balance - ending 4,291,781 $ -$
*This fund was established in 2013
Budget
Village of Glenview, Illinois
Waukegan Golf TIF Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
120
Original
and Final20132012
BudgetActualActual
Revenues
Investment income2,000 $ 1,940 $ 5,424 $
Total revenues2,000 1,940 5,424
Expenditures
Debt service
Bond issue costs- - 46,884
Principal1,175,000 1,175,000 1,150,000
Interest and fiscal charges774,362 636,046 818,925
Total expenditures1,949,362 1,811,046 2,015,809
Deficiency of revenues over
expenditures(1,947,362) (1,809,106) (2,010,385)
Other financing sources (uses)
Payment to bond escrow agent- - (16,882,653)
Proceeds from bond issuance- - 14,575,000
Premium on bond issuance- - 2,356,749
Transfers in from other funds
General Fund1,948,862 1,838,365 2,030,408
Total other financing sources (uses)1,948,862 1,838,365 2,079,504
Net change in fund balance1,500 $ 29,259 69,119
Fund balance - beginning139,678 70,559
Fund balance - ending168,937 $ 139,678 $
Village of Glenview, Illinois
Corporate Purpose Bonds Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
121
Village of Glenview, Illinois
Nonmajor Capital Project Funds
Combining Balance Sheet
December 31, 2013
GlenTotal
CapitalCapitalNonmajor
ProjectsProjectsCapital Project
FundsFundFunds
Cash and cash equivalents7,511,814 $ 271,901 $ 7,783,715 $
Investments3,516,809 8,168,853 11,685,662
Receivables
Accounts, net153,244 - 153,244
Other - grant receivables251,764 409 252,173
Other123 72 195
Due from other governments35,206 - 35,206
Total assets11,468,960 $ 8,441,235 $ 19,910,195 $
Liabilities
Accounts payable1,686,940 $ 30,578 $ 1,717,518 $
Other payables543,382 79,289 622,671
Unearned revenues127,657 - 127,657
Total liabilities2,357,979 109,867 2,467,846
Fund balances
Restricted251,764 409 252,173
Assigned8,859,217 8,330,959 17,190,176
Total fund balances9,110,981 8,331,368 17,442,349
Total liabilities and
fund balances11,468,960 $ 8,441,235 $ 19,910,195 $
Assets
Liabilities and Fund Balances
122
Village of Glenview, Illinois
Nonmajor Capital Project Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year Ended December 31, 2013
Glen Total
CapitalCapitalNonmajor
ProjectsProjectsCapital Project
FundsFund Funds
Revenues
Intergovernmental - grants and loans 633,986 $ 13,414 $ 647,400 $
Other revenue 441,684 2,437 444,121
Investment income 9,549 2,778 12,327
Total revenues 1,085,219 18,629 1,103,848
Expenditures
Current
Development 9,447 - 9,447
Capital outlay 6,716,364 209,261 6,925,625
Debt service
Bond issuance costs 33,548 - 33,548
Principal 23,776 - 23,776
Total expenditures 6,783,135 209,261 6,992,396
Deficiency of revenues
over expenditures (5,697,916) (190,632) (5,888,548)
Proceeds from bond issuance 6,065,000 - 6,065,000
Premium on bond issuance 69,535 - 69,535
Transfers in 7,948,860 - 7,948,860
Transfers out (1,581,419) - (1,581,419)
Total other financing sources (uses)12,501,976 - 12,501,976
Net change in fund balances 6,804,060 (190,632) 6,613,428
Fund balances – beginning 2,306,921 8,522,000 10,828,921
Fund balances – ending 9,110,981 $ 8,331,368 $ 17,442,349 $
Other financing sources (uses)
123
2012
OriginalFinalActualActual
Revenues
Intergovernmental - grants and loans758,415 $ 758,415 $ 633,986 $ 631,863 $
Other revenue104,951 104,951 441,684 674,560
Investment income- - 9,549 13,568
Total revenues863,366 863,366 1,085,219 1,319,991
Expenditures
Development
Contractual - - 9,447 294,299
Capital outlay6,996,945 7,343,995 6,716,364 4,163,581
Debt service
Bond issuance costs- - 33,548 -
Principal24,557 24,557 23,776 13,235
Total expenditures7,021,502 7,368,552 6,783,135 4,471,115
Deficiency of revenues over
expenditures(6,158,136) (6,505,186) (5,697,916) (3,151,124)
Other financing sources (uses)
Proceeds from bond issuance- - 6,065,000 -
Premium on bond issuance- - 69,535 -
Transfers in
General Fund5,000,000 5,000,000 7,461,422 2,806,909
Village Permanent Fund799,600 799,600 21,518 269,204
Wholesale Water Fund465,920 465,920 465,920 465,920
Transfers out
General Fund- (1,500,000) (1,500,000) -
Glenview Sanitary Sewer Fund- - (81,419) -
Total other financing sources (uses)6,265,520 4,765,520 12,501,976 3,542,033
Net change in fund balance107,384 $ (1,739,666) $ 6,804,060 390,909
Fund balance - beginning 2,306,921 1,916,012
Fund balance - ending 9,110,981 $ 2,306,921 $
Village of Glenview, Illinois
Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
124
2013 2012
OriginalFinal ActualActual
Revenues
Intergovernmental - grant revenue -$ -$ 13,414 $ 22,117 $
Other revenue 2,894 2,894 2,437 3,009
Investment income 11,000 11,000 2,778 22,768
Total revenues 13,894 13,894 18,629 47,894
Expenditures
Capital outlay 2,098,000 2,107,712 209,261 311,815
Total expenditures 2,098,000 2,107,712 209,261 311,815
Net change in fund balance (2,084,106) $ (2,093,818) $ (190,632) (263,921)
Fund balance - beginning 8,522,000 8,785,921
Fund balance - ending 8,331,368 $ 8,522,000 $
Glen Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
Village of Glenview, Illinois
ENTERPRISE FUND DESCRIPTIONS
Enterprise funds are proprietary funds established to account for the financing of self-supporting activities
of government units which render services on a user-charge basis to the general public.
MAJOR ENTERPRISE FUNDS
Glenview Water Fund
Formerly called the Glenview Waterworks Fund, this fund accounts for the provision of water services to
the property owners in the Village. All activities necessary to provide such services are accounted for in
this fund including, but not limited to, administration, operations, maintenance, financing and related debt
service, and billing and collections.
North Maine Water and Sewer Fund
This enterprise fund accounts for the provision of water and sewer services to the property owners in an
unincorporated area southwest of the Village. This area was formerly served by the North Suburban
Public Utilities Company. All activities necessary to provide such services are accounted for in this fund
including, but not limited to, administration, operations, maintenance, financing and related debt service,
and billing and collections.
Glenview Sanitary Sewer Fund
Formerly call the Sewerage Fund, this fund accounts for the provision of sanitary sewer services to
property owners in both incorporated and unincorporated areas of the Village. All activities necessary to
provide such services are accounted for in this fund including, but not limited to, administration,
operations, maintenance, financing and related debt service, and billing and collections.
NONMAJOR ENTERPRISE FUNDS
Wholesale Water Fund - to account for the provision of water service to the Illinois American Water
Company, enabling the private utility to receive Lake Michigan water.
Commuter Parking Lot Fund - to account for the operation of the Village's commuter parking facilities,
including administration, sale of permits, and maintenance of the lots.
125
Budget and Actual (Budgetary Basis)
20132012
OriginalFinal ActualActual
Operating revenues
Charges for sales and services
Water charges 10,169,289 $ 10,169,289 $ 10,639,952 $ 10,984,918 $
Water connection charges 75,000 75,000 323,745 114,644
Water meter and remote readers 1,600 1,600 3,774 2,230
Total charges for sales and services10,245,889 10,245,889 10,967,471 11,101,792
Miscellaneous revenue
Late payment fees 130,000 130,000 154,071 187,252
Water for construction 25,000 25,000 50,383 21,479
Other 44,106 44,106 41,247 41,206
Total miscellaneous revenue 199,106 199,106 245,701 249,937
Total operating revenues 10,444,995 10,444,995 11,213,172 11,351,729
Operating expenses
Water services
Personnel 2,057,427 2,057,427 2,115,912 2,030,473
Contractual services 4,411,411 4,321,911 4,181,813 4,451,766
Commodities 803,709 894,334 802,931 766,445
Capital outlay 2,760,589 2,767,284 1,005,728 564,620
Other charges 610,428 610,428 569,197 1,205,889
Total water services 10,643,564 10,651,384 8,675,581 9,019,193
Operating income (loss)(198,569) (206,389) 2,537,591 2,332,536
(Continued)
Budget
Village of Glenview, Illinois
Glenview Water Fund - Major Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
126
Budget and Actual (Budgetary Basis) (Continued)
20132012
OriginalFinalActualActual
Nonoperating revenues (expenses)
Investment income8,600 $ 8,600 $ 9,117 $ 9,719 $
Loss on sale of capital assets- - (20,955) (123,657)
Debt service
Principal(322,000) (322,000) (322,000) (308,000)
Interest and fiscal charges(49,019) (49,019) (47,760) (58,581)
Total nonoperating revenues (expenses)(362,419) (362,419) (381,598) (480,519)
Net income (loss) before transfers(560,988) (568,808) 2,155,993 1,852,017
Change in net position - budgetary basis(560,988) $ (568,808) $ 2,155,993 1,852,017
GAAP basis adjustments
Depreciation and amortization(1,136,289) (1,138,308)
Principal expense322,000 308,000
Change in net position - GAAP basis1,341,704 1,021,709
Net position - beginning of year36,440,193 35,418,484
Net position - end of year37,781,897 $ 36,440,193 $
Village of Glenview, Illinois
Budget
Glenview Water Fund - Major Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
127
Budget and Actual (Budgetary Basis)
20132012
OriginalFinalActualActual
Operating revenues
Charges for sales and services
Water charges 8,373,474 $ 8,373,474 $ 8,069,858 $ 7,667,560 $
Water meter and remote readers 200 200 913 687
Sewer charges 460,048 460,048 456,148 462,187
Total charges for sales
and services 8,833,722 8,833,722 8,526,919 8,130,434
Miscellaneous revenue
Late payment fees 100,000 100,000 82,887 95,260
Other 1,150 1,150 1,488 4,134
Total miscellaneous revenue 101,150 101,150 84,375 99,394
Total operating revenues 8,934,872 8,934,872 8,611,294 8,229,828
Operating expenses
Water and sewer distribution
Personnel 837,180 837,180 863,258 839,043
Contractual services 6,304,762 6,285,462 5,693,744 5,467,042
Commodities 170,815 203,965 167,262 161,620
Other 727,899 727,899 152,258 189,605
Capital outlay
Water mains 735,886 1,155,035 131,996 342,807
Machinery and equipment - - - 944
Operating expenses 8,776,542 9,209,541 7,008,518 7,001,061
Operating income (loss)158,330 (274,669) 1,602,776 1,228,767
(Continued)
Budget
Village of Glenview, Illinois
North Maine Water and Sewer Fund - Major Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
128
Budget and Actual (Budgetary Basis) (Continued)
20132012
OriginalFinalActualActual
Nonoperating revenues (expenses)
Investment income9,000 $ 9,000 $ 9,394 $ 12,780 $
Gain on disposal of capital assets- - - 18,763
Gain on legal settlement- - 1,571,012 -
Debt service
Principal(135,000) (135,000) (135,000) (135,000)
Interest and fiscal charges(242,161) (242,161) (148,366) (192,820)
Total nonoperating revenues
(expenses)(368,161) (368,161) 1,297,040 (296,277)
Net income (loss) before transfers(209,831) (642,830) 2,899,816 932,490
Transfers out
General Fund(139,042) (139,042) (139,042) (135,651)
Change in net position - budgetary basis(348,873) $ (781,872) $ 2,760,774 796,839
GAAP basis adjustments
Depreciation and amortization(242,297) (205,868)
Principal expense135,000 135,000
Change in net position - GAAP basis2,653,477 725,971
Net position - beginning of year4,836,420 4,110,449
Net position - end of year7,489,897 $ 4,836,420 $
Village of Glenview, Illinois
Budget
North Maine Water and Sewer Fund - Major Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
129
Budget and Actual (Budgetary Basis)
20132012
OriginalFinalActualActual
Operating revenues
Charges for sales and services
Sewer charges2,291,050 $ 2,291,050 $ 2,273,391 $ 2,440,732 $
Sewer connection charges6,000 6,000 12,758 8,890
Total charges for sales and services2,297,050 2,297,050 2,286,149 2,449,622
Miscellaneous revenue
Other70,644 70,644 69,302 73,400
Total operating revenues2,367,694 2,367,694 2,355,451 2,523,022
Operating expenses
Sewerage services
Personnel412,718 412,718 422,960 422,507
Contractual services72,143 78,543 67,023 113,972
Commodities30,396 23,996 27,792 37,333
Other charges135,618 135,618 122,834 96,103
Capital outlay
Machinery and equipment3,379,140 3,402,003 684,028 589,637
Total operating expenses 4,030,015 4,052,878 1,324,637 1,259,552
Operating income (loss)(1,662,321) (1,685,184) 1,030,814 1,263,470
(Continued)
Budget
Village of Glenview, Illinois
Glenview Sanitary Sewer Fund - Major Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
130
Budget and Actual (Budgetary Basis) (Continued)
20132012
OriginalFinalActualActual
Nonoperating revenues (expenses)
Fines and fees
Heatherfield7,000 $ 7,000 $ 6,290 $ 23,184 $
Investment income4,000 4,000 4,218 4,524
Loss on disposal of capital assets- - - (11,123)
Debt service
Principal(253,000) (253,000) (253,000) (242,000)
Interest and fiscal charges(38,543) (38,543) (37,526) (46,028)
Total nonoperating revenues (expenses)(280,543) (280,543) (280,018) (271,443)
Income (loss) before transfers(1,942,864) (1,965,727) 750,796 992,027
Transfers in
Village Permanent Fund1,700,000 1,700,000 1,221 74,555
Capital Projects Fund- - 81,419 -
Total transfers in1,700,000 1,700,000 82,640 74,555
Change in net position - budgetary basis(242,864) $ (265,727) $ 833,436 1,066,582
GAAP basis adjustments
Depreciation and amortization(427,720) (412,806)
Principal expense253,000 242,000
Change in net position - GAAP basis658,716 895,776
Net position - beginning of year 17,059,096 16,163,320
Net position - end of year 17,717,812 $ 17,059,096 $
Village of Glenview, Illinois
Budget
Glenview Sanitary Sewer Fund - Major Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
131
Village of Glenview, Illinois
Combining Statement of Net Position
Nonmajor Enterprise Funds
December 31, 2013
Total
WholesaleCommuterNonmajor
WaterParking LotEnterprise
FundFundFunds
Current assets
Cash and cash equivalents 794,328 $ 1,101,802 $ 1,896,130 $
Investments 281,521 201,483 483,004
Accounts receivable, net of uncollectibles 360,375 - 360,375
Total current assets 1,436,224 1,303,285 2,739,509
Noncurent assets
Capital assets not being depreciated
Land - 500,000 500,000
Capital assets being depreciated
Land improvements - parking facilities - 2,369,780 2,369,780
Machinery and equipment - 13,283 13,283
Water distribution system 2,512,633 - 2,512,633
Accumulated depreciation (1,305,433) (668,705) (1,974,138)
Total noncurrent assets 1,207,200 2,214,358 3,421,558
Total assets 2,643,424 3,517,643 6,161,067
Accounts payable 165,079 15,475 180,554
Accrued payroll 1,886 - 1,886
Accrued expenses - 1,500 1,500
Total liabilities 166,965 16,975 183,940
Net investment in capital assets 1,207,200 2,214,358 3,421,558
Unrestricted 1,269,259 1,286,310 2,555,569
Total net position 2,476,459 $ 3,500,668 $ 5,977,127 $
Liabilities
Net Position
Assets
132
Village of Glenview, Illinois
Combining Statement of Revenues, Expenses, and Changes in Net Position
Nonmajor Enterprise Funds
For the Year Ended December 31, 2013
Total
WholesaleCommuterNonmajor
WaterParking LotEnterprise
FundFundFunds
Operating revenues
Charges for sales and services
Water sales 2,190,544 $ -$ 2,190,544 $
Parking meter fees - 195,533 195,533
Parking decals - 367,637 367,637
Total charges for sales and services 2,190,544 563,170 2,753,714
Miscellaneous revenues - 7,500 7,500
Total operating revenues 2,190,544 570,670 2,761,214
Operating expenses
Operations 1,066,261 297,094 1,363,355
Depreciation and amortization 62,816 67,585 130,401
Total operating expenses 1,129,077 364,679 1,493,756
Operating income 1,061,467 205,991 1,267,458
Nonoperating revenues
Investment income 2,181 2,136 4,317
Total nonoperating revenues 2,181 2,136 4,317
Income before transfers 1,063,648 208,127 1,271,775
Transfers out (765,920) - (765,920)
Changes in net position 297,728 208,127 505,855
Net position - beginning 2,178,731 3,292,541 5,471,272
Net position - ending 2,476,459 $ 3,500,668 $ 5,977,127 $
133
Village of Glenview, Illinois
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended December 31, 2013
Total
WholesaleCommuterNonmajor
WaterParking LotEnterprise
FundFundFunds
Cash flows from operating activities
Cash received from customers and users1,999,261 $ 574,143 $ 2,573,404 $
Cash payments for goods and services(973,648) (293,219) (1,266,867)
Cash payments to employees(81,433) - (81,433)
Net cash provided by operating activities944,180 280,924 1,225,104
Cash flows from noncapital financing activities
Transfers out(765,920) - (765,920)
Net cash used in noncapital
financing activities(765,920) - (765,920)
Cash flows from investing activities
Purchase of investments(963) (689) (1,652)
Sale of investments- - -
Interest received 2,181 2,136 4,317
Net cash provided by investing activities 1,218 1,447 2,665
Increase in cash and cash equivalents 179,478 282,371 461,849
Cash and cash equivalents – beginning of year 614,850 819,431 1,434,281
Cash and cash equivalents – end of year 794,328 $ 1,101,802 $ 1,896,130 $
(Continued)
134
Village of Glenview, Illinois
Combining Statement of Cash Flows (Continued)
Nonmajor Enterprise Funds
For the Year Ended December 31, 2013
Total
WholesaleCommuterNonmajor
WaterParking LotEnterprise
FundFundFunds
Reconciliation of operating income to net
cash provided by operating activities
Operating income 1,061,467 $ 205,991 $ 1,267,458 $
Adjustments to reconcile operating income
to net cash provided by operating activities
Depreciation and amortization 62,816 67,585 130,401
Changes in assets and liabilities
Accounts receivable (191,283) - (191,283)
Due from other governments - 3,473 3,473
Accounts payable 11,265 2,375 13,640
Accrued payroll 358 - 358
Accrued expenses (443) 1,500 1,057
Total adjustments (117,287) 74,933 (42,354)
Net cash provided by operating activities 944,180 $ 280,924 $ 1,225,104 $
135
2013 2012
OriginalFinal Actual Actual
Operating revenues
Charges for sales and services
Water sales 2,141,489 $ 2,141,489 $ 2,190,544 $ 2,063,759 $
Total operating revenues 2,141,489 2,141,489 2,190,544 2,063,759
Operating expenses
Personnel 80,647 80,647 81,433 76,831
Contractual services 1,000,189 985,089 954,588 972,769
Commodities 17,000 32,100 12,911 8,930
Other charges 17,329 17,329 17,329 21,363
Total operating expenses 1,115,165 1,115,165 1,066,261 1,079,893
Operating income 1,026,324 1,026,324 1,124,283 983,866
Nonoperating revenues (expenses)
Investment income 2,900 2,900 2,181 3,149
Debt Service
Principal - - - (225,000)
Interest and fiscal charges - - - (8,240)
Total nonoperating revenues (expenses)2,900 2,900 2,181 (230,091)
Income before transfers 1,029,224 1,029,224 1,126,464 753,775
Transfers out
General Fund (300,000) (300,000) (300,000) (300,000)
Capital Projects Fund (465,920) (465,920) (465,920) (465,920)
Total transfers out (765,920) (765,920) (765,920) (765,920)
Change in net position - budgetary basis 263,304 $ 263,304 $ 360,544 (12,145)
GAAP Basis adjustments
Depreciation and amortization (62,816) (69,702)
Principal expense - 225,000
Change in net position - GAAP Basis 297,728 143,153
Net position - beginning of year 2,178,731 2,035,578
Net position - end of year 2,476,459 $ 2,178,731 $
Village of Glenview, Illinois
Wholesale Water Fund
Schedule of Revenues, Expenses, and Changes in Net Position - Budget and Actual (Budgetary Basis)
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
136
2013 2012
OriginalFinal ActualActual
Operating revenues
Charges for sales and services
Parking meter fees 150,000 $ 150,000 $ 195,533 $ 163,548 $
Parking decals 370,000 370,000 367,637 353,664
Total charges for sales and services520,000 520,000 563,170 517,212
Miscellaneous revenues
Vendor lease rental fee 9,000 9,000 7,500 9,000
Total operating revenues 529,000 529,000 570,670 526,212
Operating expenses
Contractual services 272,045 253,045 220,765 195,229
Commodities 62,846 81,846 45,935 43,532
Other charges 3,942 3,942 6,942 139,328
Capital outlay
Machinery and equipment 4,000 4,000 23,452 4,000
Total operating expenses 342,833 342,833 297,094 382,089
Operating income 186,167 186,167 273,576 144,123
Nonoperating revenues
Investment income 2,780 2,780 2,136 3,618
Total nonoperating revenues 2,780 188,947 2,136 3,618
Change in net position - budgetary basis 188,947 $ 188,947 $ 275,712 147,741
GAAP basis adjustments
Depreciation and amortization (67,585) (67,585)
Change in net position - GAAP basis 208,127 80,156
Net position - beginning of year 3,292,541 3,212,385
Net position - end of year 3,500,668 $ 3,292,541 $
Village of Glenview, Illinois
Commuter Parking Lot Fund
Schedule of Revenues, Expenses, and Changes in Net Position - Budget and Actual (Budgetary Basis)
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
INTERNAL SERVICE FUND DESCRIPTIONS
Internal service funds are proprietary funds that are used to provide an enterprise-like accounting of the
Village's costs of delivering certain services to departments within the Village. The revenues include
transfers from other funds to these funds for services provided and, as such, are recognized as charges
for services. Such transfers are recognized as expenditures/expenses for services in the other funds, not
as other financing uses.
Capital Equipment Replacement Fund - to account for the funds annually set aside for the eventual
replacement of certain capital equipment.
Municipal Equipment Repair Fund - to account for the cost of repairing and maintaining Village
vehicles. These costs include labor, material, fuel, fixed overhead of the Village's repair facility, and
depreciation.
Insurance and Risk Fund - to account for the financial activity of the Village's insurance program
including employee health and life insurance. In addition to conventional primary insurance, the Village is
a member of the High-Level Excess Liability Pool (HELP), which provides excess liability coverage. The
Village also provides health and life insurance by participating in the Intergovernmental Personnel Benefit
Cooperative (IPBC).
Facilities Replacement Fund - to account for the funds annually set aside for the eventual replacement
of the Village's various facilities.
137
Village of Glenview, Illinois
Internal Service Funds
Combining Statement of Net Position
December 31, 2013
CapitalMunicipal
EquipmentEquipment
ReplacementRepair
FundFund
Current assets
Cash and cash equivalents1,028,009 $ 311,904 $
Investments3,866,865 3,250
Accounts receivable, net of uncollectible amounts- 40,021
Accrued interest receivable17,690 -
Other receivables- -
Prepaid expenses- -
Inventory - 360,162
Total assets4,912,564 715,337
Current liabilities
Accounts payable18,949 104,437
Accrued payroll - 10,396
Accrued expenses300 3,262
Claims payable - -
Unearned revenues- -
Total current liabilities19,249 118,095
Noncurrent liabilities
Claims payable - -
Total liabilities19,249 118,095
Unrestricted4,893,315 597,242
Total net position 4,893,315 $ 597,242 $
Assets
Liabilities
Net Position
138
Total
InsuranceFacilitiesInternal
andReplacementService
Risk FundFundFunds
440,592 $ 642,876 $ 2,423,381 $
6,783,915 3,820,288 14,474,318
50,017 - 90,038
29,693 8,265 55,648
40,000 - 40,000
94,600 - 94,600
- - 360,162
7,438,817 4,471,429 17,538,147
3,932 81,918 209,236
2,132 - 12,528
23 184,280 187,865
678,448 - 678,448
20,620 - 20,620
705,155 266,198 1,108,697
1,017,673 - 1,017,673
1,722,828 266,198 2,126,370
5,715,989 4,205,231 15,411,777
5,715,989 $ 4,205,231 $ 15,411,777 $
139
Village of Glenview, Illinois
Internal Service Funds
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position
For the Year Ended December 31, 2013
CapitalMunicipal
EquipmentEquipment
ReplacementRepair
FundFund
Operating revenues
Charges for services1,281,384 $ 1,467,818 $
Miscellaneous114,069 168,583
Total operating revenues1,395,453 1,636,401
Operating expenses
Personnel - 435,239
Contractual services- 416,604
Commodities119,328 213,082
Other charges - 572,939
Capital outlay52,338 -
Total operating expenses171,666 1,637,864
Operating income (loss)1,223,787 (1,463)
Nonoperating revenues
Investment income 24,412 434
Reassignment of capital assets(1,437,858) -
Total nonoperating revenues(1,413,446) 434
Income (loss) before transfers(189,659) (1,029)
Transfers in 75,231 -
Transfers out - -
Total transfers75,231 -
Change in net position (114,428) (1,029)
Net position – beginning of year5,007,743 598,271
Net position – end of year4,893,315 $ 597,242 $
140
Total
InsuranceFacilitiesInternal
and RiskReplacementService
FundFundFunds
6,979,309 $ -$ 9,728,511 $
67,218 4,775 354,645
7,046,527 4,775 10,083,156
386,386 - 821,625
6,612,719 767,345 7,796,668
- - 332,410
- - 572,939
- 101,524 153,862
6,999,105 868,869 9,677,504
47,422 (864,094) 405,652
398,481 21,126 444,453
- (149,919) (1,587,777)
398,481 (128,793) (1,143,324)
445,903 (992,887) (737,672)
- 486,541 561,772
(954,590) - (954,590)
(954,590) 486,541 (392,818)
(508,687) (506,346) (1,130,490)
6,224,676 4,711,577 16,542,267
5,715,989 $ 4,205,231 $ 15,411,777 $
141
Village of Glenview, Illinois
Internal Service Funds
Combining Statement of Cash Flows
For the Year Ended December 31, 2013
CapitalMunicipal
EquipmentEquipment
ReplacementRepair
FundFund
Cash flows from operating activities
Cash received from customers and users1,395,453 $ 1,636,813 $
Cash payments for goods and services(420,257) (1,203,336)
Cash payments to employees - (435,239)
Net cash provided by (used in) operating activities975,196 (1,762)
Cash flows from noncapital financing activities
Transfers in 75,231 -
Transfers out - -
Net cash provided by (used in) noncapital financing activities75,231 -
Cash flows from capital and related financing activities
Purchases of capital assets(441,276) -
Proceeds from sales of capital assets- -
Net cash used in capital and related
financing activities (441,276) -
Cash flows from investing activities
Purchase of investments (500,934) (11)
Sale of investments 492,800 -
Interest received 15,317 434
Net cash provided by (used in) investing activities7,183 423
Increase (decrease) in cash and cash equivalents616,334 (1,339)
Cash and cash equivalents – beginning of year 411,675 313,243
Cash and cash equivalents – end of year 1,028,009 $ 311,904 $
Reconciliation of operating income (loss) to net
cash provided by (Used in) operating activities:
Operating income (loss)1,223,787 $ (1,463) $
Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities
Changes in assets and liabilities:
Accounts receivable - 412
Prepaid expenses - -
Inventory - (21,045)
Accounts payable (192,215) 15,138
Accrued payroll - 1,934
Accrued expenses (56,376) 3,262
Claims payable - -
Unearned revenues - -
Total adjustments (248,591) (299)
Net cash provided by (used in) operating activities 975,196 $ (1,762) $
142
Total
InsuranceFacilitiesInternal
and RiskReplacementService
Fund Fund Funds
7,044,814 $ 4,775 $ 10,081,855 $
(6,739,621) (783,592) (9,146,806)
(386,386) - (821,625)
(81,193) (778,817) 113,424
- 486,541 561,772
(954,590) - (954,590)
(954,590) 486,541 (392,818)
- (149,919) (591,195)
- - -
- (149,919) (591,195)
(2,761,249) (1,415,217) (4,677,411)
3,153,372 1,202,492 4,848,664
392,857 17,424 426,032
784,980 (195,301) 597,285
(250,803) (637,496) (273,304)
691,395 1,280,372 2,696,685
440,592 $ 642,876 $ 2,423,381 $
47,422 $ (864,094) $ 405,652 $
(1,641) - (1,229)
(9,336) - (9,336)
- - (21,045)
(7,326) (558) (184,961)
(1,051) - 883
(2,320) 85,835 30,401
(106,869) - (106,869)
(72) - (72)
(128,615) 85,277 (292,228)
(81,193) $ (778,817) $ 113,424 $
143
Budget and Actual (Budgetary Basis)
20132012
OriginalFinalActualActual
Operating revenues
Charges for services
CERF charges1,281,384 $ 1,281,384 $ 1,281,384 $ 1,363,107 $
Total charges for services1,281,384 1,281,384 1,281,384 1,363,107
Miscellaneous revenues
Other charges83,070 83,070 114,069 64,706
Total miscellaneous revenues83,070 83,070 114,069 64,706
Total operating revenues1,364,454 1,364,454 1,395,453 1,427,813
Operating expenses
Commodities153,593 157,568 119,328 237,350
Capital outlay
Machinery and equipment75,350 129,238 24,108 68,846
Computer servers5,453 5,453 5,656 31,339
Vehicles31,828 32,008 22,574 30,540
Total operating expenses266,224 324,267 171,666 368,075
Operating income 1,098,230 1,040,187 1,223,787 1,059,738
Nonoperating revenues (expenses)
Investment income20,000 20,000 24,412 17,881
Reassignment of capital assets(1,998,271) (2,009,201) (1,437,858) (1,853,225)
Total nonoperating revenue (expenses)(1,978,271) (1,989,201) (1,413,446) (1,835,344)
Loss before transfers(880,041) (949,014) (189,659) (775,606)
Transfer from other funds
Transfers in from General Fund- - 75,231 248,378
Change in net position(880,041) $ (949,014) $ (114,428) (527,228)
Net position - beginning5,007,743 5,534,971
Net position - ending4,893,315 $ 5,007,743 $
Village of Glenview, Illinois
Capital Equipment Replacement Fund (CERF)
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Budget
144
Budget and Actual (Budgetary Basis)
20132012
OriginalFinalActualActual
Operating revenues
Charges for services
Village1,628,630 $ 1,628,630 $ 1,462,934 $ 1,481,266 $
Library5,000 5,000 4,884 1,111
Total charges for services1,633,630 1,633,630 1,467,818 1,482,377
Miscellaneous revenues
Other charges155,000 155,000 168,583 178,960
Total miscellaneous revenues155,000 155,000 168,583 178,960
Total operating revenues 1,788,630 1,788,630 1,636,401 1,661,337
Operating expenses
Fleet management
Personnel 434,033 434,033 435,239 432,737
Contractual services 378,000 448,750 416,604 351,081
Commodities 221,067 262,067 213,082 202,316
Other charges 733,282 621,532 572,939 584,487
Total fleet management 1,766,382 1,766,382 1,637,864 1,570,621
Total operating expenses 1,766,382 1,766,382 1,637,864 1,570,621
Operating income (loss)22,248 22,248 (1,463) 90,716
Nonoperating revenues
Investment income 800 800 434 962
Total nonoperating revenues 800 800 434 962
Change in net position 23,048 $ 23,048 $ (1,029) 91,678
Net position - beginning 598,271 506,593
Net position - ending 597,242 $ 598,271 $
(With comparative totals for the year ended December 31, 2012)
Village of Glenview, Illinois
Municipal Equipment Repair Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
Budget
145
Budget and Actual (Budgetary Basis)
Original and20132012
Final BudgetActualActual
Operating revenues
Charges for services
Insurance premiums
Employees 829,368 $ 813,307 $ 895,236 $
Village 3,457,327 3,473,190 3,719,561
Retirees 944,624 889,565 930,308
Component unit - Library 524,859 553,123 501,980
Other 1,250,123 1,250,124 1,463,246
Total charges for services 7,006,301 6,979,309 7,510,331
Miscellaneous
Insurance recoveries 80,000 67,218 124,144
Total miscellaneous revenues 80,000 67,218 124,144
Total operating revenues 7,086,301 7,046,527 7,634,475
Operating expenses
Personnel 415,538 386,386 415,867
Contractual services 7,693,227 6,612,719 5,935,274
Total operating expenses 8,108,765 6,999,105 6,351,141
Operating income (loss)(1,022,464) 47,422 1,283,334
Nonoperating income
Investment income 313,000 398,481 400,117
Income (loss) before transfers (709,464) 445,903 1,683,451
Transfers to other funds
Transfers out to General Fund (1,000,000) (954,590) -
Change in net position (1,709,464) $ (508,687) 1,683,451
Net position - beginning 6,224,676 4,541,225
Net position - ending 5,715,989 $ 6,224,676 $
(With comparative totals for the year ended December 31, 2012)
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
Village of Glenview, Illinois
Insurance and Risk Fund
146
Budget and Actual (Budgetary Basis)
20132012
OriginalFinalActualActual
Operating revenues
Charges for services
Facilities charges82,250 $ 82,250 $ -$ 826,013 $
Total charges for services 82,250 82,250 - 826,013
Miscellaneous
Intergovernmental 250,000 250,000 - -
Other income - - 4,775 166,212
Total miscellaneous revenues 250,000 250,000 4,775 166,212
Total operating revenues 332,250 332,250 4,775 992,225
Operating expenses
Contractual services - 427,627 767,345 77,582
Capital outlay
Furniture and fixtures - - 17,809 -
Vehicles and equipment 100,000 100,000 4,525 -
Building improvements 449,682 345,153 79,190 190,214
Total operating expenses 549,682 872,780 868,869 267,796
Operating income (loss)(217,432) (540,530) (864,094) 724,429
Nonoperating revenues
Investment income 25,000 25,000 21,126 18,397
Reassignment of capital assets (851,318) (653,429) (149,919) (1,011,090)
Total nonoperating revenue (826,318) (628,429) (128,793) (992,693)
Loss before transfers (1,043,750) (1,168,959) (992,887) (268,264)
Transfers from other funds
Transfers in from Village Permanent Fund - - 486,541 -
Change in net position (1,043,750) $ (1,168,959) $ (506,346) (268,264)
Net position - beginning 4,711,577 4,979,841
Net position - ending 4,205,231 $ 4,711,577 $
Budget
Facilities Replacement Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
Village of Glenview, Illinois
TRUST AND AGENCY FUND DESCRIPTIONS
Trust and agency funds are fiduciary funds used to account for assets held by the Village in a trustee
capacity for individuals, private organizations, and/or other governments.
Pension Trust Funds
Police Pension Fund - to account for the accumulation of resources to be used for retirement
annuity payments to Police Department personnel at appropriate amounts and times in the future.
Resources are contributed by police employees at rates fixed by state law, and by the Village at
amounts determined by an annual actuarial study through an annual property tax levy.
Firefighters' Pension Fund - to account for the accumulation of resources to be used for retirement
annuity payments to Fire Department personnel at appropriate amounts and times in the future.
Resources are contributed by firefighter employees at rates fixed by state law, and by the Village at
amounts determined by an annual actuarial study through an annual property tax levy.
Agency Funds
Special Service Area (SSA) Bond Fund - to account for the non-commitment debt service activities
of the Village related to the special service areas.
Escrow Deposit Fund - to account for the deposits placed with the Village by building contractors. In
2007 and prior years, this fund was reported as a special revenue fund. The fund balance was used
to reduce payables and the fund was reclassified as an agency fund at the end of fiscal year 2007.
147
Village of Glenview, Illinois
Pension Trust Funds
Combining Statement of Fiduciary Net Position
December 31, 2013
Police Firefighters'
PensionPension
Fund Fund Total
Assets
Cash and cash equivalents 1,973,875 $ 818,184 $ 2,792,059 $
Investments
U.S. government and agency obligations 19,738,630 22,609,439 42,348,069
Municipal obligations 249,949 3,521,188 3,771,137
Corporate obligations 7,811,715 - 7,811,715
Equity mutual funds 32,169,605 34,992,273 67,161,878
Accrued interest receivable 137,212 117,048 254,260
Due from other funds 8,637 16,951 25,588
Prepaid expenses 6,650 2,737 9,387
Total assets 62,096,273 62,077,820 124,174,093
Liabilities
Accrued expenses 12,489 5,434 17,923
Net Position
Held in trust for pension benefits 62,083,784 $ 62,072,386 $ 124,156,170 $
148
Village of Glenview, Illinois
Pension Trust Funds
Combining Statement of Changes in Fiduciary Net Position
For the Year Ended December 31, 2013
Police Firefighters'
PensionPension
FundFundTotal
Additions
Contributions
Employer1,632,373 $ 3,116,164 $ 4,748,537 $
Participant677,024 758,222 1,435,246
Total contributions2,309,397 3,874,386 6,183,783
Investment income
Net appreciation in fair value of investments4,406,988 6,242,163 10,649,151
Interest income2,092,307 1,442,145 3,534,452
Less investment expenses(108,909) (151,961) (260,870)
Net investment income6,390,386 7,532,347 13,922,733
Total additions8,699,783 11,406,733 20,106,516
Deductions
Retirement pensions2,592,949 3,849,481 6,442,430
Widow pensions261,800 275,563 537,363
Disability pensions132,575 405,870 538,445
Total deductions2,987,324 4,530,914 7,518,238
Change in net position5,712,459 6,875,819 12,588,278
Net position held in trust at beginning of year56,371,325 55,196,567 111,567,892
Net position held in trust at end of year62,083,784 $ 62,072,386 $ 124,156,170 $
149
Original and2013 2012
Final BudgetActualActual
Additions
Contributions
Employer 1,612,832 $ 1,632,373 $ 1,812,692 $
Participant 676,467 677,024 663,702
Total contributions 2,289,299 2,309,397 2,476,394
Investment income
Net appreciation
in fair value of investments 2,900,000 4,406,988 2,480,278
Interest income 800,000 2,092,307 1,406,963
Less investment expense (78,327) (108,909) (88,696)
Net investment income 3,621,673 6,390,386 3,798,545
Total additions 5,910,972 8,699,783 6,274,939
Deductions
Retirement pensions 2,323,440 2,592,949 2,300,198
Widow pensions 244,978 261,800 246,438
Disability pensions 50,049 132,575 48,593
Contribution refunds 50,000 - -
Total deductions 2,668,467 2,987,324 2,595,229
Change in net position 3,242,505 $ 5,712,459 3,679,710
Net position held in trust for pension benefits
Beginning 56,371,325 52,691,615
Ending 62,083,784 $ 56,371,325 $
Village of Glenview, Illinois
Police Pension Fund
Schedule of Changes in Plan Net Position - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
150
Original and2013 2012
Final BudgetActual Actual
Additions
Contributions
Employer 3,081,840 $ 3,116,164 $ 2,926,010 $
Participant 717,020 758,222 723,089
Total contributions 3,798,860 3,874,386 3,649,099
Investment income
Net appreciation
in fair value of investments 2,900,000 6,242,163 3,733,431
Interest income 800,000 1,442,145 1,492,527
Less investment expense (153,407) (151,961) (138,318)
Net investment income 3,546,593 7,532,347 5,087,640
Total additions 7,345,453 11,406,733 8,736,739
Deductions
Retirement pensions 3,808,634 3,849,481 3,706,420
Widow pensions 261,918 275,563 265,329
Disability pensions 473,344 405,870 455,103
Contribution refunds 50,000 - -
Total deductions 4,593,896 4,530,914 4,426,852
Change in net position 2,751,557 $ 6,875,819 4,309,887
Net position held in trust for pension benefits
Beginning 55,196,567 50,886,680
Ending 62,072,386 $ 55,196,567 $
Village of Glenview, Illinois
Firefighters' Pension Fund
Schedule of Changes in Plan Net Position - Budget and Actual
For the Year Ended December 31, 2013
(With comparative totals for the year ended December 31, 2012)
151
Village of Glenview, Illinois
Agency Funds
Statements of Changes in Assets and Liabilities
For the Year Ended December 31, 2013
Balances,Balances,
January 1AdditionsSubtractionsDecember 31
COMBINING STATEMENT - ALL AGENCY FUNDS
Assets
Cash and cash equivalents536,013 $ 1,413,610 $ 1,386,743 $ 562,880 $
Investments3,295,776 707,825 730,779 3,272,822
Receivables -
Property taxes273,008 269,699 273,008 269,699
Interest5,749 3,988 - 9,737
Total assets4,110,546 $ 2,395,122 $ 2,390,530 $ 4,115,138 $
Liabilities
Accounts payable123,480 $ 265,487 $ 382,289 $ 6,678 $
Refundable deposits3,583,298 830,679 710,880 3,703,097
Due to other funds10,413 1,911 12,324 -
Due to bond holders393,355 601,124 589,116 405,363
Total liabilities4,110,546 $ 1,699,201 $ 1,694,609 $ 4,115,138 $
INDIVIDUAL AGENCY FUND STATEMENTS
Special Service Area (SSA) Bond Fund
Assets
Cash and cash equivalents130,760 $ 282,283 $ 277,379 $ 135,664 $
Receivables - property taxes273,008 269,699 273,008 269,699
Total assets403,768 $ 551,982 $ 550,387 $ 405,363 $
Liabilities
Due to other funds10,413 $ 1,911 $ 12,324 $ -$
Due to bond holders393,355 601,124 589,116 405,363
Total liabilities403,768 $ 603,035 $ 601,440 $ 405,363 $
(Continued)
152
Village of Glenview, Illinois
Statements of Changes in Assets and Liabilities (Continued)
Agency Funds
For the Year Ended December 31, 2013
Balances,Balances,
January 1AdditionsSubtractionsDecember 31
INDIVIDUAL AGENCY FUND STATEMENTS (CONTINUED)
Escrow Deposit Fund
Assets
Cash and cash equivalents405,253 $ 1,131,327 $ 1,109,364 $ 427,216 $
Investments3,295,776 707,825 730,779 3,272,822
Receivables - interest5,749 3,988 - 9,737
Total assets3,706,778 $ 1,843,140 $ 1,840,143 $ 3,709,775 $
Liabilities
Accounts payable123,480 $ 265,487 $ 382,289 $ 6,678 $
Refundable deposits3,583,298 830,679 710,880 3,703,097
Total liabilities3,706,778 $ 1,096,166 $ 1,093,169 $ 3,709,775 $
GLENVIEW LIBRARY
COMPONENT UNIT
The Glenview Library (Library) is a discretely presented component unit of the Village of Glenview. The
following fund descriptions provide information on the governmental funds used within the Village's
component unit, the Library.
The Glenview Library Funds account for the resources necessary to provide the educational, cultural, and
recreational activities of the Glenview Public Library.
153
Village of Glenview, Illinois
Combining Balance Sheet and Statement of Net Position
Glenview Library - Component Unit
December 31, 2013
Library
General
LibraryObligationNonmajor
GeneralBond SeriesLibrary Total
Fundof 2009AFundsLibrary
Assets
Current assets
Cash and cash equivalents 380,529 $ 177,298 $ 243,309 $ 801,136 $
Investments 3,081,208 - 646,583 3,727,791
Receivables, net of allowances
Property taxes 5,650,917 1,856,951 - 7,507,868
Total current assets 9,112,654 2,034,249 889,892 12,036,795
Noncurrent assets
Capital assets not depreciated - - - -
Capital assets depreciated (net)- - - -
Total noncurrent assets - - - -
Total assets 9,112,654 $ 2,034,249 $ 889,892 $ 12,036,795 $
Combining Balance Sheet
154
Total
Component
AdjustmentsUnit
-$ 801,136 $
- 3,727,791
- 7,507,868
- 12,036,795
5,426,987 5,426,987
26,434,302 26,434,302
31,861,289 31,861,289
31,861,289 $ 43,898,084 $
(Continued)
Statement of Net Position
155
Village of Glenview, Illinois
Combining Balance Sheet and Statement of Net Position (Continued)
Glenview Library - Component Unit
December 31, 2013
Library
General
LibraryObligationNonmajor
GeneralBond SeriesLibrary Total
Fundof 2009AFundsLibrary
Liabilities
Current liabilities
Accounts payable 477,632 $ -$ 1,312 $ 478,944 $
Accrued payroll 120,794 - - 120,794
Accrued interest - - - -
Current portion of bonds payable - - - -
Current portion of compensated
absences - - - -
Total current liabilities 598,426 - 1,312 599,738
Noncurrent liabilities
Bond payable - - - -
Compensated absences - - - -
Total noncurrent liabilities - - - -
Total liabilities 598,426 - 1,312 599,738
Deferred Inflows of Resources
Deferred outflows of resources 5,621,271 1,844,644 - 7,465,915
Net investment in capital assets - - - -
Restricted - 189,605 888,580 1,078,185
Unassigned/unrestricted 2,892,957 - - 2,892,957
Total fund balance/net position2,892,957 189,605 888,580 3,971,142
Total liabilities, deferred outflows
or resources and fund balance/
net position 9,112,654 $ 2,034,249 $ 889,892 $ 12,036,795 $
Fund Balance/Net Position
Combining Balance Sheet
156
Total
Component
AdjustmentsUnit
-$ 478,944 $
- 120,794
70,561 70,561
1,095,000 1,095,000
58,291 58,291
1,223,852 1,823,590
21,610,000 21,610,000
233,163 233,163
21,843,163 21,843,163
23,067,015 23,666,753
- 7,465,915
9,156,289 9,156,289
- 1,078,185
(362,015) 2,530,942
8,794,274 12,765,416
31,861,289 $ 43,898,084 $
Statement of Net Position
157
Village of Glenview, Illinois
Combining Statement of Revenues, Expenditures, and Changes in
Fund Balances and Statement of Activities
Glenview Library - Component Unit
Year Ended December 31, 2013
Library
General
LibraryObligationNonmajor
GeneralBond SeriesLibraryTotal
Fundof 2009AFundsLibrary
Revenues
Property taxes5,760,621 $ 2,020,860 $ -$ 7,781,481 $
Charges for services58,034 - - 58,034
Fines and forfeitures75,555 - - 75,555
Intergovernmental961,052 - - 961,052
Other revenue37,522 - 44,483 82,005
Investment income13,400 2,919 2,458 18,777
Total revenues6,906,184 2,023,779 46,941 8,976,904
Expenditures
Current
Culture and recreation6,950,128 - 29,294 6,979,422
Debt service
Principal- 1,070,000 - 1,070,000
Interest and other- 879,331 - 879,331
Capital outlay7,636 - 27,739 35,375
Total expenditures6,957,764 1,949,331 57,033 8,964,128
Excess (deficiency) of revenues
over expenditures(51,580) 74,448 (10,092) 12,776
Other financing sources (uses)
Transfers in- - 32,739 32,739
Transfers out- - (32,739) (32,739)
Total other financing sources (uses)- - - -
Net change in fund balances/
net position(51,580) 74,448 (10,092) 12,776
Fund balances/net position
Beginning 2,944,537 115,157 898,672 3,958,366
Ending 2,892,957 $ 189,605 $ 888,580 $ 3,971,142 $
and Changes in Fund Balances
Statement of Revenues, Expenditures,
158
Total
Component
AdjustmentsUnit
-$ 7,781,481 $
- 58,034
- 75,555
- 961,052
- 82,005
- 18,777
- 8,976,904
569,179 7,548,601
(1,070,000) -
(2,675) 876,656
(35,375) -
(538,871) 8,425,257
538,871 551,647
(32,739) -
32,739 -
- -
538,871 551,647
8,255,403 12,213,769
8,794,274 $ 12,765,416 $
Statement of Activities
159
20132012
OriginalFinalActualActual
Revenues
Local taxes
Property taxes for Library
Current year5,712,860 $ 5,712,860 $ 5,828,274 $ 5,800,316 $
Prior year22,000 22,000 (67,653) (12,461)
Total local taxes5,734,860 5,734,860 5,760,621 5,787,855
Charges for services
Nonresident fee17,400 17,400 15,549 18,658
Personal books2,000 2,000 1,060 1,730
Copying fees13,000 13,000 11,525 12,667
Circular collection fees50 50 1 15
Video fees27,500 27,500 27,866 27,645
Rental fees2,000 2,000 2,033 2,110
Total charges for services61,950 61,950 58,034 62,825
Fines and forfeitures
Library fines70,000 70,000 64,233 68,206
Lost and paid12,000 12,000 11,322 12,969
Total fines and forfeitures82,000 82,000 75,555 81,175
Intergovernmental
Property replacement tax29,000 29,000 29,000 29,000
Make-whole TIF area taxes876,244 876,244 886,124 820,132
Grant proceeds45,000 45,000 45,928 45,832
Total intergovernmental950,244 950,244 961,052 894,964
Investment income
Interest8,500 8,500 13,400 23,863
Other revenue
Employee dental contribution14,900 14,900 15,616 15,215
Miscellaneous 19,000 19,000 21,906 24,381
Total other revenues 33,900 33,900 37,522 39,596
Total revenues 6,871,454 6,871,454 6,906,184 6,890,278
(Continued)
Village of Glenview, Illinois
Glenview Library - Component Unit - Library General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance
For the Year Ended December 31, 2013
Budget
160
20132012
OriginalFinalActualActual
Expenditures
Culture and recreation
Library administration
Personnel1,086,416 $ 1,088,491 $ 1,088,295 $ 1,000,891 $
Contractual services 332,893 332,893 329,201 313,541
Commodities 8,600 8,600 7,369 9,627
Other charges 78,200 78,200 76,169 60,206
Total library administration 1,506,109 1,508,184 1,501,034 1,384,265
Readers' services
Personnel 812,218 803,646 768,464 705,893
Contractual services 36,450 36,450 34,485 14,369
Commodities 254,600 254,600 247,123 257,588
Other charges 3,400 3,400 1,607 2,681
Total readers' services 1,106,668 1,098,096 1,051,679 980,531
Buildings and grounds maintenance
Personnel 190,929 191,213 196,701 196,668
Contractual services 104,900 104,900 106,585 106,825
Commodities 66,850 66,850 51,746 50,650
Other charges 1,000 1,000 530 478
Total building and grounds
maintenance 363,679 363,963 355,562 354,621
Circulation
Personnel 895,038 880,136 857,144 845,797
Contractual services 12,915 12,915 12,100 17,347
Commodities 19,475 19,475 7,453 10,701
Other charges 4,080 4,080 1,733 2,021
Total circulation 931,508 916,606 878,430 875,866
(Continued)
Village of Glenview, Illinois
Glenview Library - Component Unit - Library General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance (Continued)
For the Year Ended December 31, 2013
Budget
161
20132012
OriginalFinalActualActual
Expenditures (continued)
Public information
Personnel158,643 $ 160,029 $ 157,494 $ 145,838 $
Contractual services 53,000 53,000 49,876 36,327
Commodities 3,300 3,300 3,382 2,887
Other charges 225 225 764 458
Total public information 215,168 216,554 211,516 185,510
Technical services
Personnel 788,407 780,570 776,173 742,056
Contractual services 523,145 400,500 374,741 403,538
Commodities 22,950 22,950 23,857 25,461
Other charges 4,100 4,100 4,228 2,461
Total technical services 1,338,602 1,208,120 1,178,999 1,173,516
Youth services
Personnel 657,755 656,220 662,508 617,428
Contractual services 51,000 51,000 50,339 49,146
Commodities 118,600 118,600 117,411 113,221
Other charges 5,000 5,000 3,744 3,997
Total youth services 832,355 830,820 834,002 783,792
Reference
Personnel 657,118 652,198 617,321 617,131
Contractual services 175,050 175,050 170,833 144,450
Commodities 173,400 173,400 150,181 158,988
Other charges 3,285 3,285 571 2,431
Total reference 1,008,853 1,003,933 938,906 923,000
Total culture and recreation7,302,942 7,146,276 6,950,128 6,661,101
(Continued)
Village of Glenview, Illinois
Glenview Library - Component Unit - Library General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance (Continued)
For the Year Ended December 31, 2013
Budget
162
20132012
OriginalFinalActualActual
Expenditures (continued)
Capital outlay
Furniture and fixtures750 $ 750 $ -$ -$
Machinery and equipment 4,400 4,400 7,636 6,276
Total capital outlay 5,150 5,150 7,636 6,276
Total expenditures 7,308,092 7,151,426 6,957,764 6,667,377
Excess (deficiency) of revenues over
expenditures (436,638) (279,972) (51,580) 222,901
Other financing uses
Transfer out
Library GO Bond Series 2009A - - - (488,795)
Net change in fund balance (436,638) $ (279,972) $ (51,580) (265,894)
Fund balance - beginning 2,944,537 3,210,431
Fund balance - ending 2,892,957 $ 2,944,537 $
Budget
Village of Glenview, Illinois
Glenview Library - Component Unit - Library General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance (Continued)
For the Year Ended December 31, 2013
163
Original
and Final20132012
BudgetActualActual
Revenues
Property taxes1,958,831 $ 2,020,860 $ 1,529,815 $
Other revenue
Contributions from primary government- - -
Investment income1,000 2,919 4,175
Total revenues1,959,831 2,023,779 1,533,990
Expenditures
Debt service
Principal1,070,000 1,070,000 1,045,000
Interest and other879,331 879,331 910,681
Total expenditures1,949,331 1,949,331 1,955,681
Excess (deficiency) of revenues
over expenditures10,500 74,448 (421,691)
Other financing sources
Transfer in
Library General Fund- - 488,795
Net change in fund balance10,500 $ 74,448 67,104
Fund balance - beginning115,157 48,053
Fund balance - ending189,605 $ 115,157 $
Village of Glenview, Illinois
Glenview Library - Component Unit - Library General Obligation Bond Series of 2009A
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
164
Village of Glenview, Illinois
Combining Balance Sheet
Glenview Library - Component Unit - Library Nonmajor Funds
December 31, 2013
Friends Total
of the WatsonSpecial
Library Gift GiftRevenue
Cash and cash equivalents 75,335 $ 116,466 $ -$ 191,801 $
Investments - - - -
Total assets 75,335 $ 116,466 $ -$ 191,801 $
Liabilities
Accounts payable 1,312 $ -$ -$ 1,312 $
Total liabilities 1,312 - - 1,312
Fund balances
Restricted 74,023 116,466 - 190,489
Total fund balances 74,023 116,466 - 190,489
Total liabilities and
fund balances 75,335 $ 116,466 $ -$ 191,801 $
Special Revenue Funds
Assets
Liabilities and Fund Balances
165
LibraryLibrary Library Total Total
CapitalSpecial New CapitalNonmajor
ContributionReserveBuildingProject Library
46,274 $ 5,234 $ -$ 51,508 $ 243,309 $
- 646,583 - 646,583 646,583
46,274 $ 651,817 $ -$ 698,091 $ 889,892 $
-$ -$ -$ -$ 1,312 $
- - - - 1,312
46,274 651,817 - 698,091 888,580
46,274 651,817 - 698,091 888,580
46,274 $ 651,817 $ -$ 698,091 $ 889,892 $
Capital Project Funds
166
Village of Glenview, Illinois
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
Glenview Library - Component Unit - Library Nonmajor Funds
For the Year Ended December 31, 2013
FriendsTotal
of the WatsonSpecial
LibraryGiftGiftRevenue
Revenues
Other revenue
Donations40,000 $ 700 $ -$ 40,700 $
Investment income200 431 39 670
Total revenues40,200 1,131 39 41,370
Expenditures
Culture and recreation
Miscellaneous29,294 - - 29,294
Capital outlay- - - -
Total expenditures29,294 - - 29,294
Other financing sources (uses)
Transfers in- - - -
Transfers out- - (16,262) (16,262)
Total other financing sources (uses)- - (16,262) (16,262)
Net change in fund balances10,906 1,131 (16,223) (4,186)
Fund balances - beginning63,117 115,335 16,223 194,675
Fund balances (deficit) - ending74,023 $ 116,466 $ -$ 190,489 $
Special Revenue Funds
167
LibraryLibraryLibraryTotalTotal
CapitalSpecialNewCapitalNonmajor
ContributionReserveBuildingProjectLibrary
3,783 $ -$ -$ 3,783 $ 44,483 $
187 1,601 - 1,788 2,458
3,970 1,601 - 5,571 46,941
- - - - 29,294
- - 27,739 27,739 27,739
- - 27,739 27,739 57,033
- - 32,739 32,739 32,739
(16,477) - - (16,477) (32,739)
(16,477) - 32,739 16,262 -
(12,507) 1,601 5,000 (5,906) (10,092)
58,781 650,216 (5,000) 703,997 898,672
46,274 $ 651,817 $ -$ 698,091 $ 888,580 $
Capital Project Funds
168
Original
and Final20132012
BudgetActualActual
Revenues
Total revenues-$ -$ -$
Expenditures
Capital outlay28,597 27,739 4,813
Total expenditures28,597 27,739 4,813
Deficiency of revenues over expenditures(28,597) (27,739) (4,813)
Other financing sources
Transfer in13,597 32,739 65,154
Total other financing sources13,597 32,739 65,154
Net change in fund balance(15,000) $ 5,000 60,341
Fund balance (deficit) - beginning(5,000) (65,341)
Fund balance (deficit) - ending-$ (5,000) $
Village of Glenview, Illinois
Glenview Library - Component Unit - Library New Building Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
169
Original
and Final20132012
BudgetActualActual
Revenues
Investment income1,850 $ 1,601 $ 1,565 $
Total revenues1,850 1,601 1,565
Expenditures
Miscellaneous350,000 - -
Total expenditures 350,000 - -
Net change in fund balance (348,150) $ 1,601 1,565
Fund balance - beginning 650,216 648,651
Fund balance - ending 651,817 $ 650,216 $
Village of Glenview, Illinois
Glenview Library - Component Unit - Library Special Reserve Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2013
OTHER SUPPLEMENTAL INFORMATION
170
Village of Glenview, Illinois
Corporate Purpose Notes Series 1997
Long-term Debt Requirements
December 31, 2013
Date of issue:September 2, 1997
Date of maturity:September 1, 2019
Authorized issue:$2,850,000
Interest rate:4.942%
Interest dates:September 1
Principal maturity date:September 1
Payable at:North Suburban Public Utility, Overland Park, Kansas
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Fiscal
Year
Ending
December 31PrincipalInterestTotal
2014161,249 $ 54,128 $ 215,377 $
2015169,219 46,158 215,377
2016177,582 37,795 215,377
2017186,359 29,018 215,377
2018195,569 19,808 215,377
2019205,221 10,143 215,364
1,095,199 $ 197,050 $ 1,292,249 $
Note: Debt service is payable from the North Maine Water and Sewer Fund.
Requirements
171
Village of Glenview, Illinois
General Obligation Bond Series 2004B
Long-term Debt Requirements
December 31, 2013
Date of issue:August 1, 2004
Date of maturity:December 1, 2024*
Authorized issue:22,315,000$
Denomination of bonds:5,000$
Interest rate:4.000%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
20141,225,000 $ 49,000 $ 1,274,000 $ 201424,500 $ 201424,500 $
Interest Due on
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements
*Note: In 2012, the Village refunded Series 2004B with the proceeds from the issuance of Series 2012B. The refunding included all
principal and interest starting in 2015. The remaining Principal and interest is payable from a property tax levy.
172
Village of Glenview, Illinois
General Obligation Bond Series 2006A
Long-term Debt Requirements
December 31, 2013
Date of issue:December 1, 2006
Date of maturity:December 1, 2018
Authorized issue:10,000,000$
Denomination of bonds:5,000$
Interest rate:3.750%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
2014 -$ 375,000 $ 375,000 $ 2014187,500 $ 2014 187,500 $
20152,350,000 375,000 2,725,000 2015187,500 2015 187,500
20162,450,000 286,876 2,736,876 2016143,438 2016 143,438
20172,550,000 195,000 2,745,000 201797,500 2017 97,500
20182,650,000 99,376 2,749,376 201849,688 2018 49,688
10,000,000 $ 1,331,252 $ 11,331,252 $ 665,626 $ 665,626 $
Note: Principal and interest is payable from the Special Tax Allocation Fund.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due on
173
Village of Glenview, Illinois
General Obligation Bond Series 2007A
Long-term Debt Requirements
December 31, 2013
Date of issue:December 15, 2007
Date of maturity:December 1, 2016
Authorized issue:5,000,000$
Denomination of bonds:5,000$
Interest rate:3.50% - 3.75%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
2014 600,000 $ 66,338 $ 666,338 $ 201433,169 $ 2014 33,169 $
2015 615,000 45,338 660,338 201522,669 2015 22,669
2016 635,000 23,812 658,812 201611,906 2016 11,906
1,850,000 $ 135,488 $ 1,985,488 $ 67,744 $ 67,744 $
Note: Principal and interest is payable from the Glenview Water Fund and the Glenview Sanitary Sewer Fund.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due on
174
Village of Glenview, Illinois
General Obligation Bond Series 2007B
Long-term Debt Requirements
December 31, 2013
Date of issue:December 15, 2007
Date of maturity:December 1, 2016
Authorized issue:1,200,000$
Denomination of bonds:5,000$
Interest rate:4.80% - 5.00%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
2014130,000 $ 19,370 $ 149,370 $ 20149,685 $ 20149,685 $
2015130,000 12,934 142,934 20156,467 20156,467
2016130,000 6,500 136,500 20163,250 20163,250
390,000 $ 38,804 $ 428,804 $ 19,402 $ 19,402 $
Note: Principal and interest is payable from the North Maine Water and Sewer Fund.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
RequirementsInterest Due on
175
Village of Glenview, Illinois
General Obligation Bond Series 2009A
Long-term Debt Requirements
December 31, 2013
Date of issue:May 5, 2009
Date of maturity:December 1, 2029
Authorized issue:26,300,000$
Denomination of bonds:5,000$
Interest rates:3.000 - 4.125%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
20141,095,000 $ 846,731 $ 1,941,731 $ 2014423,366 $ 2014423,366 $
20151,125,000 813,881 1,938,881 2015406,941 2015406,941
20161,155,000 780,131 1,935,131 2016390,066 2016390,066
20171,190,000 745,481 1,935,481 2017372,741 2017372,741
20181,225,000 703,831 1,928,831 2018351,916 2018351,916
20191,270,000 660,956 1,930,956 2019330,478 2019330,478
20201,310,000 616,506 1,926,506 2020308,253 2020308,253
20211,360,000 567,381 1,927,381 2021283,691 2021283,691
20221,410,000 516,381 1,926,381 2022258,191 2022258,191
20231,460,000 463,506 1,923,506 2023231,753 2023231,753
20241,520,000 408,756 1,928,756 2024204,378 2024204,378
20251,580,000 347,956 1,927,956 2025173,978 2025173,978
20261,645,000 284,756 1,929,756 2026142,378 2026142,378
20271,715,000 218,956 1,933,956 2027109,478 2027109,478
20281,785,000 150,356 1,935,356 202875,178 202875,178
20291,860,000 76,725 1,936,725 202938,363 202938,363
22,705,000 $ 8,202,290 $ 30,907,290 $ 4,101,149 $ 4,101,149 $
Note: Principal and interest is payable from proceeds of the library property tax levy.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
RequirementsInterest Due on
176
Village of Glenview, Illinois
General Obligation Bond Series 2009D
Long-term Debt Requirements
December 31, 2013
Date of issue:October 21, 2009
Date of maturity:December 1, 2018
Authorized issue:11,290,000$
Denomination of bonds:5,000$
Interest rates:2.00 - 4.00%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
20141,380,000 $ 211,750 $ 1,591,750 $ 2014105,875 $ 2014 105,875 $
20151,370,000 177,250 1,547,250 2015 88,625 2015 88,625
20161,365,000 136,150 1,501,150 2016 68,075 2016 68,075
20171,360,000 95,200 1,455,200 2017 47,600 2017 47,600
20181,360,000 54,400 1,414,400 2018 27,200 2018 27,200
6,835,000 $ 674,750 $ 7,509,750 $ 337,375 $ 337,375 $
Note: Principal and interest is payable from the Special Tax Allocation Fund.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due on
177
Village of Glenview, Illinois
Illinois Environmental Protection Agency Loan
Long-term Debt Requirements
December 31, 2013
Date of issue:October 1, 2010
Date of maturity:April 14, 2031
Authorized issue:633,827$
Interest rates:0.00%
Principal maturity date:April 14 and October 14
Payable at:Illinois Environmental Protection Agency
Loan Number: L17-4483
Fiscal
Year
Ending
December 31April 14October 14Total
201412,185 $ 12,185 $ 24,371 $
201512,185 12,185 24,371
201612,185 12,185 24,371
201712,185 12,185 24,371
201812,185 12,185 24,371
201912,185 12,185 24,371
202012,185 12,185 24,371
202112,185 12,185 24,371
202212,185 12,185 24,371
202312,185 12,185 24,371
202412,185 12,185 24,371
202512,185 12,185 24,371
202612,185 12,185 24,371
202712,185 12,185 24,371
202812,185 12,185 24,371
202912,185 12,185 24,371
203012,185 12,185 24,371
203112,185 - 12,185
219,336 $ 207,151 $ 426,488 $
Note: Principal will be paid by the Capital Projects Fund
Requirements
FUTURE PRINCIPAL REQUIREMENTS
178
Village of Glenview, Illinois
General Obligation Refunding Bond, Series 2012A
Long-term Debt Requirements
December 31, 2013
Date of issue:June 14, 2012
Date of maturity:December 1, 2021
Authorized issue:18,090,000$
Denomination of bonds:5,000$
Interest rates:3.00% - 4.00%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
2014 -$ 604,800 $ 604,800 $ 2014302,400 $ 2014302,400 $
2015 - 604,800 604,800 2015302,400 2015302,400
2016 - 604,800 604,800 2016302,400 2016302,400
2017 - 604,800 604,800 2017302,400 2017302,400
2018 - 604,800 604,800 2018302,400 2018302,400
20195,850,000 604,800 6,454,800 2019302,400 2019302,400
20206,030,000 429,300 6,459,300 2020214,650 2020214,650
20216,210,000 248,400 6,458,400 2021124,200 2021124,200
18,090,000 $ 4,306,500 $ 22,396,500 $ 2,153,250 $ 2,153,250 $
Note: Principal and interest is payable from the Special Tax Allocation Fund.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due on
179
Village of Glenview, Illinois
General Obligation Refunding Bond, Series 2012B
Long-term Debt Requirements
December 31, 2013
Date of issue:December 18, 2012
Date of maturity:December 1, 2024
Authorized issue:14,575,000$
Denomination of bonds:5,000$
Interest rates:3.00% - 4.00%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
2014-$ 565,500 $ 565,500 $ 2014282,750 $ 2014282,750 $
20151,200,000 565,500 1,765,500 2015282,750 2015282,750
20161,245,000 517,500 1,762,500 2016258,750 2016258,750
20171,295,000 467,700 1,762,700 2017233,850 2017233,850
20181,365,000 415,900 1,780,900 2018207,950 2018207,950
20191,410,000 361,300 1,771,300 2019180,650 2019180,650
20201,475,000 304,900 1,779,900 2020152,450 2020152,450
20211,540,000 245,900 1,785,900 2021122,950 2021122,950
20221,605,000 184,300 1,789,300 202292,150 202292,150
20231,690,000 120,100 1,810,100 202360,050 202360,050
20241,750,000 52,500 1,802,500 202426,250 202426,250
14,575,000 $ 3,801,100 $ 18,376,100 $ 1,900,550 $ 1,900,550 $
Note: Principal and interest is payable from a property tax levy.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
RequirementsInterest Due on
180
Village of Glenview, Illinois
General Obligation Refunding Bond, Series 2012C
Long-term Debt Requirements
December 31, 2013
Date of issue:December 18, 2012
Date of maturity:December 1, 2018
Authorized issue:7,730,000$
Denomination of bonds:5,000$
Interest rates:2.00% - 3.00%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
20141,365,000 $ 203,850 $ 1,568,850 $ 2014101,925 $ 2014101,925 $
20151,440,000 176,550 1,616,550 201588,275 201588,275
20161,540,000 147,750 1,687,750 201673,875 201673,875
20171,650,000 101,550 1,751,550 201750,775 201750,775
20181,735,000 52,050 1,787,050 201826,025 201826,025
7,730,000 $ 681,750 $ 8,411,750 $ 340,875 $ 340,875 $
Note: Principal and interest is payable from the Special Tax Allocation Fund.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
RequirementsInterest Due on
181
Village of Glenview, Illinois
General Obligation Bonds, Series 2013A
Long-term Debt Requirements
December 31, 2013
Date of issue:December 19, 2013
Date of maturity:December 1, 2033
Authorized issue:6,065,000$
Denomination of bonds:5,000$
Interest rates:2.00% - 4.00%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
2014245,000 $ 185,043 $ 430,043 $ 201487,652 $ 201497,391 $
2015240,000 189,882 429,882 201594,941 201594,941
2016245,000 185,082 430,082 201692,541 201692,541
2017245,000 180,182 425,182 201790,091 201790,091
2018250,000 175,282 425,282 201887,641 201887,641
2019260,000 170,282 430,282 201985,141 201985,141
2020265,000 165,082 430,082 202082,541 202082,541
2021270,000 157,132 427,132 202178,566 202178,566
2022280,000 149,032 429,032 202274,516 202274,516
2023285,000 140,632 425,632 202370,316 202370,316
2024295,000 132,082 427,082 202466,041 202466,041
2025305,000 123,232 428,232 202561,616 202561,616
2026315,000 113,626 428,626 202656,813 202656,813
2027325,000 102,600 427,600 202751,300 202751,300
2028340,000 89,600 429,600 202844,800 202844,800
2029350,000 76,000 426,000 202938,000 202938,000
2030365,000 62,000 427,000 203031,000 203031,000
2031380,000 47,400 427,400 203123,700 203123,700
2032395,000 32,200 427,200 203216,100 203216,100
2033410,000 16,400 426,400 2033 8,200 2033 8,200
6,065,000 $ 2,492,771 $ 8,557,771 $ 1,241,516 $ 1,251,255 $
Note: Principal and interest will be paid by the Debt Service Fund via a transfer from the Corporate Fund.
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due on
182
Village of Glenview, Illinois
General Obligation Bonds, Series 2013B
Long-term Debt Requirements
December 31, 2013
Date of issue:December 19, 2013
Date of maturity:December 1, 2023
Authorized issue:4,385,000$
Denomination of bonds:5,000$
Interest rates:1.50% - 3.50%
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Wells Fargo Bank, N.A., Chicago, IL
Fiscal
Year
Ending
December 31PrincipalInterest TotalJune 1AmountDecember 1Amount
2014 -$ 110,278 $ 110,278 $ 2014 52,237 $ 2014 58,041 $
2015 - 116,082 116,082 2015 58,041 2015 58,041
2016 - 116,082 116,082 2016 58,041 2016 58,041
2017 585,000 116,082 701,082 2017 58,041 2017 58,041
2018 595,000 107,308 702,308 2018 53,654 2018 53,654
2019 605,000 95,408 700,408 2019 47,704 2019 47,704
2020 620,000 81,190 701,190 2020 40,595 2020 40,595
2021 640,000 64,450 704,450 2021 32,225 2021 32,225
2022 660,000 45,250 705,250 2022 22,625 2022 22,625
2023 680,000 23,800 703,800 2023 11,900 2023 11,900
4,385,000 $ 875,930 $ 5,260,930 $ 435,063 $ 440,867 $
Note: Principal and interest will be paid by the Waukegan/Golf TIF Fund
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due on
183
Village of Glenview, Illinois
Taxable-Term Loan
Long-term Debt Requirements
December 31, 2013
Date of issue:November 25, 2013
Date of maturity:December 1, 2014
Authorized issue:28,125,000$
Interest rates:Variable, adjusts on first of each month to LIBOR plus 35 Basis Points (BPS)
Interest dates:June 1 and December 1
Principal maturity date:December 1
Payable at:Glenview State Bank
Fiscal
Year
Ending
December 31PrincipalInterestTotalJune 1AmountDecember 1Amount
201428,125,000 $ 145,898 $ 28,270,898 $ 201472,949 $ 201472,949 $
Note: Principal and interest will be paid by the Special Tax Allocation Fund
FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
RequirementsEstimated Interest Due on
184
Village of Glenview, Illinois
Combining Balance Sheet
Glenview Naval Air Station (GNAS) Redevelopment Area Funds
December 31, 2013
Special RevenueCapital Projects
FundFundTotal
Special GlenGNAS
TaxCapitalRedevelopment
Allocation Projects Area
Cash and cash equivalents 1,950,885 $ 271,901 $ 2,222,786 $
Investments 9,077,487 8,168,853 17,246,340
Receivables, net of allowance
Other receivables 304,120 481 304,601
Prepaid items 53,289 - 53,289
Land held for resale 22,698,200 - 22,698,200
Notes receivable 1,943,667 - 1,943,667
Total assets 36,027,648 $ 8,441,235 $ 44,468,883 $
Liabilities
Accounts payable 14,864,787 $ 30,578 $ 14,895,365 $
Accrued payroll 9,344 - 9,344
Other payables 698,571 79,289 777,860
Deferred revenues 750 - 750
Advances from other funds 15,219,506 - 15,219,506
Total liabilities 30,792,958 109,867 30,902,825
Fund balances 5,234,690 8,331,368 13,566,058
Total liabilities and
fund balances 36,027,648 $ 8,441,235 $ 44,468,883 $
Assets
Liabilities and Fund Balances
185
Village of Glenview, Illinois
Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances
Glenview Naval Air Station (GNAS) Redevelopment Area Funds
For the Year Ended December 31, 2013
Special RevenueCapital Projects
FundFundTotal
Special GlenGNAS
TaxCapitalRedevelopment
AllocationProjectsArea
Revenues
Local taxes
Property taxes - incremental26,605,118 $ -$ 26,605,118 $
Charges for services17,180 - 17,180
Intergovernmental82,845 13,414 96,259
Other revenues8,470 2,437 10,907
Investment income104,276 2,778 107,054
Total revenues 26,817,889 18,629 26,836,518
Expenditures
Current
General government 19,434,830 - 19,434,830
Capital outlay - 209,261 209,261
Debt service
Principal 29,785,000 - 29,785,000
Interest and fiscal charges 2,125,128 - 2,125,128
Total expenditures 51,344,958 209,261 51,554,219
Deficiency of revenues over expenditures (24,527,069) (190,632) (24,717,701)
Other financing sources (uses)
Provisions for loss on land held for resale (1,193,062) - (1,193,062)
Proceeds from bond issuance 28,125,000 - 28,125,000
Transfers (out)(281,580) - (281,580)
Total other financing sources (uses)26,650,358 - 26,650,358
Net change in fund balances 2,123,289 (190,632) 1,932,657
Fund balances
Beginning 3,111,401 8,522,000 11,633,401
Ending 5,234,690 $ 8,331,368 $ 13,566,058 $
186
Village of Glenview, Illinois
Index to Statistical Section
December 31, 2013
This part of the Village of Glenview's comprehensive annual financial report presents detailed information
as a context for understanding what the information in the financial statements, note disclosures, and
required supplementary information says about the Village's overall financial health.
Page
Financial Trends
These schedules contain trend information to help the reader understand how the
Village's financial performance and well-being have changed over time. 187 - 196
Revenue Capacity
These schedules contain information to help the reader assess the Village's most
significant local revenue sources. 197 - 204
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. 205 - 208
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. 209 - 210
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. 211 - 216
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive
annual financial reports for the relevant year. The Village implemented GASB Statement 34 in fiscal year
2003; schedules presenting government-wide information include information beginning in that year.
187
Village of Glenview, Illinois
Net Position
Last Ten Fiscal Years
2004200520062007
Governmental activities
Invested in capital assets, net of
related debt28,587,161$ 78,806,902$ 95,946,179$ 83,298,383$
Restricted82,555,054 26,303,618 53,518,524 54,229,537
Unrestricted34,693,402 58,039,098 38,168,571 55,636,297
Total governmental activities145,835,617$ 163,149,618$ 187,633,274$ 193,164,217$
Business-type activities
Invested in capital assets, net of
related debt25,037,005$ 29,095,596$ 42,488,713$ 40,143,214$
Unrestricted13,235,513 12,594,422 7,552,672 12,344,058
Total business-type activities38,272,518$ 41,690,018$ 50,041,385$ 52,487,272$
Total primary government
Invested in capital assets, net of
related debt53,624,166$ 107,902,498$ 138,434,892$ 123,441,597$
Restricted82,555,054 26,303,618 53,518,524 54,229,537
Unrestricted47,928,915 70,633,520 45,721,243 67,980,355
Total primary government184,108,135$ 204,839,636$ 237,674,659$ 245,651,489$
Source: The Village of Glenview's Comprehensive Annual Financial Report
Fiscal Year
188
200820092010201120122013
78,477,141$ 87,607,488$ 93,936,562$ 102,217,913$ 109,488,722$ 139,233,309$
49,074,532 39,881,012 29,923,363 23,711,651 45,978,154 11,484,242
68,560,085 69,018,535 66,754,133 68,927,169 42,720,345 50,861,602
196,111,758$ 196,507,035$ 190,614,058$ 194,856,733$ 198,187,221$ 201,579,153$
43,348,719$ 45,206,019$ 51,450,402$ 55,566,298$ 56,331,598$ 58,075,392$
10,612,213 7,860,336 2,104,898 5,373,918 7,475,383 10,891,341
53,960,932$ 53,066,355$ 53,555,300$ 60,940,216$ 63,806,981$ 68,966,733$
121,825,860$ 132,813,507$ 145,386,964$ 157,784,211$ 165,820,320$ 197,308,701$
49,074,532 39,881,012 29,923,363 23,711,651 45,978,154 11,484,242
79,172,298 76,878,871 68,859,031 74,301,087 50,195,728 61,752,943
250,072,690$ 249,573,390$ 244,169,358$ 255,796,949$ 261,994,202$ 270,545,886$
189
Village of Glenview, Illinois
Changes in Net Position
Last Ten Fiscal Years
2004200520062007
Expenses
Governmental activities
General government20,361,570 $ 20,282,723 $ 13,929,198 $ 24,038,572 $
Public safety19,521,633 25,343,033 28,395,261 25,405,356
Highways and streets8,916,140 13,493,770 27,582,335 21,897,066
Public works- - - -
Development- - - -
Interest on long-term debt4,446,952 5,066,331 4,813,795 6,751,793
Total governmental activities expenses53,246,295 64,185,857 74,720,589 78,092,787
Business-type activities
Water services7,514,285 9,874,399 8,168,894 8,241,841
North Maine water and sewer services5,021,042 4,923,144 5,396,165 5,822,693
Sanitary sewer services921,736 1,083,937 1,544,514 1,221,484
Wholesale water935,242 1,178,948 1,146,800 1,675,442
Commuter parking335,308 412,459 433,318 458,586
Total business-type activities expenses14,727,613 17,472,887 16,689,691 17,420,046
Total primary gvernment expenses67,973,908 $ 81,658,744 $ 91,410,280 $ 95,512,833 $
Program revenues
Governmental activities
Charges for services
General government4,844,398 $ 9,613,146 $ 10,124,924 $ 5,088,121 $
Public safety3,751,639 3,826,995 4,059,578 4,104,495
Public works- - - -
Development- - - -
Operating grants and contributions1,323,171 1,684,597 1,576,594 2,644,741
Capital grants and contributions 4,188,201 2,603,905 702,691 1,473,479
Total governmental activities program revenues14,107,409 17,728,643 16,463,787 13,310,836
Business-type activities
Charges for services - water and sewer
Water services 7,446,294 8,726,117 7,654,017 8,251,413
North Maine water and sewer services 5,532,457 5,872,657 5,928,523 6,418,577
Sanitary sewer services 1,054,923 1,576,519 1,430,401 1,762,694
Wholesale water 1,655,339 1,707,316 1,692,776 1,522,626
Commuter parking 374,653 450,026 415,687 484,393
Operating grants and contributions - - - -
Capital grants and contributions - - - 73,908
Total business-type activities
program revenues 16,063,666 18,332,635 17,121,404 18,513,611
Total primary government program revenues 30,171,075 $ 36,061,278 $ 33,585,191 $ 31,824,447 $
Net (expense) revenue
Governmental activities (39,138,886) $ (46,457,214) $ (58,256,802) $ (64,781,951) $
Business-type activities 1,336,053 859,748 431,713 1,093,565
Total primary government net (expense) revenue(37,802,833) $ (45,597,466) $ (57,825,089) $ (63,688,386) $
Fiscal Year
190
2008 2009 2010 2011 2012 2013
27,195,744 $ 29,780,621 $ 32,335,971 $ 33,989,230 $ 40,172,192 $ 38,505,592 $
27,622,472 26,456,771 30,475,113 25,769,097 27,145,548 27,152,669
- - - - - -
13,998,908 12,741,129 13,981,277 8,581,360 6,670,428 7,743,333
7,306,324 8,467,340 12,198,120 10,029,890 6,421,304 14,486,953
6,068,865 6,001,886 4,085,152 3,353,913 2,984,565 2,547,042
82,192,313 83,447,747 93,075,633 81,723,490 83,394,037 90,435,589
8,254,541 7,733,048 9,265,407 8,795,466 10,339,739 9,880,585
6,148,151 5,782,216 6,267,880 6,197,752 7,399,749 7,399,181
1,473,318 1,238,383 1,948,357 1,801,454 1,729,509 1,789,883
1,110,176 1,074,812 1,083,206 1,119,994 1,157,835 1,129,077
381,133 476,940 383,196 386,244 449,674 364,679
17,367,319 16,305,399 18,948,046 18,300,910 21,076,506 20,563,405
99,559,632 $ 99,753,146 $ 112,023,679 $ 100,024,400 $ 104,470,543 $ 110,998,994 $
3,230,320 $ 2,324,730 $ 3,931,687 $ 3,854,148 $ 3,564,720 $ 7,242,189 $
4,076,188 5,274,319 5,345,151 5,195,936 4,967,056 5,339,032
- - - - 945,812 945,521
2,020,840 3,218,677 3,993,971 2,015,239 850,749 469,771
1,401,777 1,172,899 1,662,479 1,832,805 1,960,093 1,875,489
- 1,267,384 2,362,508 2,439,618 746,987 203,909
10,729,125 13,258,009 17,295,796 15,337,746 13,035,417 16,075,911
8,135,293 8,370,780 9,045,480 9,751,605 11,351,729 11,213,172
6,824,636 7,206,186 7,473,673 8,120,035 8,229,828 8,611,294
1,570,372 1,831,857 2,114,548 2,314,028 2,523,022 2,355,451
1,863,483 1,782,495 1,997,367 2,156,636 2,063,759 2,190,544
466,356 529,886 524,244 525,991 526,212 570,670
- - - 27,854 - -
- - - - - -
18,860,140 19,721,204 21,155,312 22,896,149 24,694,550 24,941,131
29,589,265 $ 32,979,213 $ 38,451,108 $ 38,233,895 $ 37,729,967 $ 41,017,042 $
(71,463,188) $ (70,189,738) $ (75,779,837) $ (66,385,744) $ (70,358,620) $ (74,359,678) $
1,492,821 3,415,805 2,207,266 4,595,239 3,618,044 4,377,726
(69,970,367) $ (66,773,933) $ (73,572,571) $ (61,790,505) $ (66,740,576) $ (69,981,952) $
Fiscal Year
191
Village of Glenview, Illinois
Changes in Net Position (Continued)
Last Ten Fiscal Years
2004200520062007
General revenues and other changes in net position
Governmental activities
Taxes
Property taxes20,500,281 $ 27,379,366 $ 31,368,247 $ 29,533,794 $
Other taxes865,343 8,932,829 7,674,636 7,938,804
Sales taxes13,588,877 16,410,735 17,797,774 18,238,196
Income taxes2,659,483 3,521,197 3,342,154 3,933,680
Intergovernmental6,385,543 739,758 801,157 959,789
Investment income1,093,764 2,911,937 3,553,730 7,202,556
Miscellaneous1,637,093 367,096 271,124 2,473,480
Gain on sale of capital assets2,829,367 91,504 18,899,176 467,801
Transfers958,460 167,762 (4,697,121) (989,499)
Contributions5,130,113 3,687,472 - -
Total governmental activities 55,648,324 64,209,656 79,010,877 69,758,601
Business-type activities
Investment income97,800 252,200 427,441 351,186
Miscellaneous- 75,102 18,166 33,313
Gain (loss) on sale of capital assets- (4,142) (48,424) (21,676)
Gain (loss) on legal settlement- - - -
Transfers- (167,762) 4,697,721 989,499
Total Business-type activities 97,800 155,398 5,094,904 1,352,322
Total primary government55,746,124 $ 64,365,054 $ 84,105,781 $ 71,110,923 $
Change in net position
Governmental activities 17,467,898 $ 14,077,300 $ 20,753,475 $ 4,977,650 $
Business-type activities 475,393 4,690,288 5,526,617 2,445,887
Total primary government change in net position17,943,291 $ 18,767,588 $ 26,280,092 $ 7,423,537 $
Source: The Village of Glenview's Comprehensive Annual Financial Report.
Fiscal Year
192
200820092010201120122013
37,030,734 $ 33,863,907 $ 34,759,914 $ 40,146,639 $ 37,275,705 $ 37,383,036 $
7,213,927 12,659,075 12,962,485 13,257,071 13,495,498 13,944,053
18,649,183 11,943,633 12,336,353 12,792,723 13,091,218 13,833,697
4,207,152 3,612,282 3,497,759 3,823,315 3,962,313 4,309,714
1,486,645 2,519,306 2,772,575 2,502,500 2,614,374 2,739,777
2,234,453 975,360 731,839 397,478 860,108 785,925
3,301,455 611,793 470,187 464,084 1,562,876 4,104,857
- - - - - -
287,180 4,399,659 1,777,004 (2,755,391) 827,016 822,322
- - - - - -
74,410,729 70,585,015 69,308,116 70,628,419 73,689,108 77,923,381
232,871 60,349 24,419 26,807 33,790 27,046
35,148 28,928 (18,808) 7,479 41,947 6,290
- - - - - -
- - - - - 1,571,012
(287,180) (4,399,659) (1,723,932) 2,755,391 (827,016) (822,322)
(19,161) (4,310,382) (1,718,321) 2,789,677 (751,279) 782,026
74,391,568 $ 66,274,633 $ 67,589,795 $ 73,418,096 $ 72,937,829 $ 78,705,407 $
2,947,541 $ 395,277 $ (6,471,721) $ 4,242,675 $ 3,330,488 $ 3,563,703 $
1,473,660 (894,577) 488,945 7,384,916 2,866,765 5,159,752
4,421,201 $ (499,300) $ (5,982,776) $ 11,627,591 $ 6,197,253 $ 8,723,455 $
Fiscal Year
193
Village of Glenview, Illinois
Fund Balances of Governmental Funds
Last Ten Fiscal Years
2004200520062007
General Fund
Reserved30,860 $ 150,800 $ 250,974 $ 202,583 $
Unreserved19,125,436 28,919,794 23,543,445 18,625,051
Nonspendable- - - -
Committed- - - -
Assigned- - - -
Unassigned- - - -
Total General Fund19,156,296 29,070,594 23,794,419 18,827,634
All other governmental funds
Reserved95,327,109 60,405,636 68,100,595 70,662,782
Unreserved, reported in
Special revenue funds2,508,852 (2,175,404) 3,098,776 (2,172,942)
Capital project funds(51,450) 400,940 37,589 (33,701)
Debt service funds(11,871,587) (16,480,597) 13,962,128 14,513,477
Nonspendable- - - -
Assigned- - - -
Restricted- - - -
Total all other governmental
funds85,912,924 42,150,575 85,199,088 82,969,616
Total fund balances -
governmental funds105,069,220 $ 71,221,169 $ 108,993,507 $ 101,797,250 $
Source: The Village of Glenview's Comprehensive Annual Financial Report.
Fiscal Year
194
20082009201020112012 2013
236,776 $ 82,583 $ 82,583 $ -$ -$ -$
15,965,220 20,044,782 21,994,901 - - -
- - - 131,424 195,280 87,738
- - - - - 1,700,000
- - - - - 3,208,020
- - - 24,086,602 25,564,806 26,823,063
16,201,996 20,127,365 22,077,484 24,218,026 25,760,086 31,818,821
66,882,660 59,293,215 49,720,439 - - -
1,495,858 1,832,064 (921,028) - - -
14,453,200 10,053,987 10,057,895 - - -
(77,170) 15,676 30,942 - - -
- - - - 64,508 53,289
- - - - - 42,275,455
- - - 52,257,800 45,978,154 11,484,242
82,754,548 71,194,942 58,888,248 52,257,800 46,042,662 53,812,986
98,956,544 $ 91,322,307 $ 80,965,732 $ 76,475,826 $ 71,802,748 $ 85,631,807 $
Fiscal Year
195
Village of Glenview, Illinois
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
Fiscal Year
2004200520062007
Revenues
Taxes28,087,345 $ 38,404,632 $ 40,230,230 $ 40,995,097 $
Intergovernmental 25,352,795 25,621,631 25,820,915 26,398,055
Charges for services3,184,513 8,197,463 3,125,289 3,347,415
Licenses and permits2,128,826 1,935,601 1,444,631 1,317,359
Fines and forfeitures249,956 223,917 223,430 242,596
Investment income1,814,903 3,863,413 3,766,390 6,139,481
Miscellaneous
Land sales2,893,460 - 18,899,176 1,003,082
Other741,306 696,380 732,406 1,892,301
Total revenues64,453,104 78,943,037 94,242,467 81,335,386
Expenditures
General government20,690,822 17,362,221 23,179,532 24,981,918
Public safety19,439,605 24,629,821 23,480,423 25,418,302
Highways and streets7,380,427 10,227,675 9,257,360 12,229,547
Public works- - - -
Development- - - -
Debt service
Principal4,762,700 9,124,652 9,490,000 9,885,000
Interest and fiscal charges4,986,212 6,075,973 5,764,058 6,678,361
Bond issuance costs- 104,718 110,099 -
Capital outlay19,988,453 46,376,551 18,451,941 8,918,984
Miscellaneous- - - -
Total expenditures 77,248,219 113,901,611 89,733,413 88,112,112
Excess of revenues over (under)
expenditures (12,795,115) (34,958,574) 4,509,054 (6,776,726)
Other financing sources (uses)
Transfers in 23,756,688 21,885,794 32,556,673 34,081,992
Transfers out (22,798,228) (21,718,032) (37,162,062) (35,071,491)
Bonds issued 47,315,000 10,000,000 37,940,000 -
Discounts on bonds issued (164,724) - (87,732) -
Premium on bonds issued 65,614 44,658 11,371 -
Payment to escrow agent - (10,000,000) - -
Provisions for loss on land held for resale
Sale of capital assets 37,801 91,504 5,035 15,675
Total other financing sources (uses)48,212,151 303,924 33,263,285 (973,824)
Net change in fund balances 35,417,036 $ (34,654,650) $ 37,772,339 $ (7,750,550) $
Debt service as a percentage of
noncapital expenditures 12.43%22.51%18.28%20.92%
196
2008 2009 2010 2011 2012 2013
49,775,754 $ 46,522,982 $ 47,721,989 $ 53,403,710 $ 50,771,203 $ 51,327,089 $
23,994,061 23,236,550 25,493,952 26,342,403 24,796,132 25,747,882
3,879,939 5,787,188 6,892,913 6,111,175 6,519,625 8,082,885
1,492,506 2,441,730 3,190,826 1,859,161 1,923,238 4,461,768
174,506 189,433 134,783 181,361 224,198 228,419
2,234,453 975,370 731,839 397,478 422,751 341,472
3,126,283 - - - - -
175,172 46,804 219,046 205,014 709,998 486,493
84,852,674 79,200,057 84,385,348 88,500,302 85,367,145 90,676,008
26,494,899 27,133,683 29,090,926 31,153,019 38,411,652 35,582,816
26,685,166 25,745,800 27,884,435 25,710,435 26,369,673 26,687,294
- - - - - -
7,656,205 7,918,533 7,811,605 7,883,609 7,036,995 7,489,675
3,892,684 6,058,864 5,723,642 4,293,220 1,261,328 1,016,437
9,335,000 9,660,000 9,740,000 10,051,617 8,208,235 30,983,776
6,011,806 5,304,081 4,246,896 3,762,159 3,279,464 2,761,174
- 37,153 - 38,818 139,044 61,176
9,593,304 8,858,147 12,030,923 8,336,649 6,060,977 8,253,623
- - - - - -
89,669,064 90,716,261 96,528,427 91,229,526 90,767,368 112,835,971
(4,816,390) (11,516,204) (12,143,079) (2,729,224) (5,400,223) (22,159,963)
20,474,754 19,116,695 15,678,978 31,368,232 6,281,471 13,052,864
(18,499,070) (15,420,632) (13,901,974) (33,163,914) (5,702,833) (11,837,724)
- 39,838,247 - 11,035,000 40,395,000 38,575,000
- - - - - (11,539)
- - - - 4,432,391 69,535
- (39,652,343) - (11,000,000) (44,678,884) -
(6,359,114)
- - 9,500 - - 2,500,000
1,975,684 3,881,967 1,786,504 (1,760,682) 727,145 35,989,022
(2,840,706) $ (7,634,237) $ (10,356,575) $ (4,489,906) $ (4,673,078) $ 13,829,059 $
17.87%18.33%16.55%15.71%13.28%31.21%
197
Village of Glenview, Illinois
Assessed Value and Actual Value of Taxable Property
Last Ten Levy Years
LevyResidentialCommercialIndustrial
YearPropertyPropertyPropertyRailroadFarm
2003 1,168,628,313$ 320,373,025$ 141,049,675$ 154,176$ 52,653$
2004 1,583,440,346 462,293,352 202,403,525 196,030 589
20051,753,091,650 507,205,734 255,723,046 184,075 589
20061,478,823,650 477,703,360 213,822,559 184,075 589
20071,878,422,371 572,300,107 242,310,888 202,163 589
20082,026,139,779 638,159,198 248,243,038 221,084 589
20092,198,443,085 595,701,792 207,259,989 266,417 368
20102,298,836,300 388,196,316 27,515,890 333,270 368
20111,763,765,871499,476,841184,570,112354,177-
20121,637,952,132481,487,771171,866,548400,750-
Data Source
Office of the County Clerk
Note : Property in the Village is reassesed each year. Property is assessed at 33% of actual value.
198
TotalEstimatedEstimated
Total TaxableDirectActualActual
AssessedTaxTaxableTaxable
ValueRateValueValue
1,630,257,842$ 5.04 4,890,773,526$ 33.333%
2,248,333,842 4.27 6,745,001,526 33.333%
2,516,205,094 4.21 7,548,615,282 33.333%
2,170,534,233 4.15 6,511,602,699 33.333%
2,693,236,118 3.69 8,079,708,354 33.333%
2,912,763,688 3.50 8,738,291,064 33.333%
3,001,671,651 3.62 9,005,014,953 33.333%
2,714,882,144 4.08 8,144,646,432 33.333%
2,448,167,001 4.567,344,501,003 33.333%
2,291,707,201 5.006,875,121,603 33.333%
199
Village of Glenview, Illinois
Direct and Overlapping Property Tax Rates
Last Ten Levy Years
2003200420052006
Village of Glenview
Corporate0.259 0.214 0.252 0.184
Bonds and interest0.112 0.076 0.074 0.099
Police pension0.049 0.048 0.045 0.060
Fire pension0.046 0.047 0.051 0.072
IMRF0.038 0.043 - -
Total direct tax rate 0.504 0.428 0.422 0.415
Glenview Public Library 0.293 0.259 0.249 0.246
Glenview Special Service Area #9 0.487 0.406 0.402 0.284
Glenview Special Service Area #10 0.511 0.427 0.421 0.293
Glenview Special Service Area #11 0.214 0.169 0.160 0.160
Glenview Special Service Area #12 0.365 0.285 0.252 0.242
Glenview Special Service Area #17 0.550 0.374 0.317 0.324
Glenview Special Service Area #18 0.461 0.388 0.363 0.363
Glenview Special Service Area #20 0.275 0.236 0.219 0.217
Glenview Special Service Area #22 0.290 0.214 0.196 0.193
Glenview Special Service Area #24 0.535 0.538 0.507 -
Glenview Special Service Area #27 - - - -
Glenview Special Service Area #31 0.237 - - -
Glenview Special Service Area #32 0.095 0.086 0.081 0.082
Glenview Special Service Area #33 0.590 0.456 0.427 0.440
Glenview Special Service Area #35 0.370 0.313 0.284 0.292
Glenview Special Service Area #36 - 0.233 0.200 0.191
Glenview Special Service Area #37 - 0.207 0.176 0.163
Glenview Special Service Area #38 - - - -
Glenview Special Service Area #40 - - - -
Glenview Special Service Area #41 - - - -
Glenview Special Service Area #42 - - - -
Glenview Special Service Area #43 - - - -
Glenview Special Service Area #44 - - - -
Glenview Special Service Area #45 - - - -
Glenview Special Service Area #46 - - - -
Glenview Special Service Area #47 - - - -
Glenview Special Service Area #49 - - - -
Glenview Special Service Area #50 - - - -
Glenview Special Service Area #51 - - - -
Glenview Special Service Area #52 - - - -
Glenview Special Service Area #53 - - - -
Glenview Special Service Area #54 - - - -
Glenview Special Service Area #55 - - - -
Glenview Special Service Area #56 - - - -
Glenview Special Service Area #57 - - - -
Glenview Special Service Area #61 - - - -
Glenview Special Service Area #62 - - - -
Glenview Special Service Area #63 - - - -
200
200720082009201020112012
0.184 0.174 0.148 0.162 0.177 0.188
0.072 0.068 0.068 0.076 0.084 0.083
0.049 0.040 0.060 0.065 0.074 0.073
0.064 0.068 0.085 0.105 0.120 0.139
- - - - - -
0.369 0.350 0.361 0.408 0.455 0.483
0.149 0.195 0.210 0.253 0.303 0.347
0.227 0.200 0.093 - - -
0.238 0.209 0.100 - - -
0.127 0.175 - - - -
0.172 0.159 - - - -
0.192 0.192 0.177 0.210 0.115 -
0.269 0.242 0.221 0.280 0.148 -
0.180 0.160 0.155 0.165 - -
0.137 0.129 0.117 0.142 - -
- - - - - -
- - - - - -
- - - - - -
0.075 0.068 0.073 0.074 0.082 0.087
0.349 0.308 0.287 0.333 0.370 0.391
0.243 0.207 0.204 0.223 0.233 0.248
0.143 0.127 0.108 0.138 0.153 0.162
0.122 0.118 0.102 0.117 0.133 0.141
- - - 0.844 0.894 0.854
- - - - 0.079 0.085
- - - - 0.079 0.086
- - - 0.406 0.440 0.470
- - - - 0.122 0.130
- - - - 0.168 0.191
- - - - 0.444 0.446
- - - - 0.598 0.550
- - - 0.546 0.568 0.605
- - - - 0.241 0.261
- - - - 0.130 0.140
- - - - 0.279 0.297
- - - - 0.141 0.151
- - - - 1.035 1.206
- - - - 0.695 0.739
- - - 0.423 0.410 0.378
- - - 0.903 0.971 1.022
- - - 0.538 0.566 0.586
- - - - 0.188 0.201
- - 0.165 0.213 0.228 0.239
- - 0.183 0.232 0.245 0.257
(Continued)
201
Village of Glenview, Illinois
Direct and Overlapping Property Tax Rates (Continued)
Last Ten Levy Years
2003200420052006
Avoca School District #372.362 1.991 1.934 2.008
County Consolidated Elections 0.029 - 0.014 -
County of Cook 0.630 0.593 0.533 0.500
East Maine School District #63 2.609 2.624 2.542 2.617
Forest Preserve District 0.059 0.060 0.060 0.057
Glenview Park District 0.516 0.505 0.490 0.511
Glenview School District #34 2.552 2.330 2.259 2.334
Golf School District #67 2.338 2.129 2.041 2.094
Maine High School #207 2.012 1.795 1.757 1.826
Maine Township - General 0.079 0.071 0.070 0.073
Maine Township - General Assistance 0.016 0.015 0.015 0.016
Maine Township - Road and Bridge 0.040 0.036 0.036 0.038
Metropolitan Water Reclamation Dist.0.361 0.347 0.315 0.284
New Trier High School #203 1.799 1.621 1.577 1.662
New Trier Township - General 0.045 0.037 0.037 0.073
New Trier Township - General Assistance 0.003 0.002 0.002 0.003
Niles High School #219 2.090 2.013 2.007 2.374
Niles Township - General 0.033 0.030 0.029 0.031
Niles Township - General Assistance 0.003 0.003 0.002 0.003
North Shore Mosquito Abatement 0.009 0.008 0.008 0.009
Northbrook School District #30 2.745 2.416 2.331 2.471
Northfield High School #225 1.736 1.516 1.475 1.623
Northfield Township - General 0.009 0.012 0.011 0.011
Oakton Community College #535 0.186 0.161 0.158 0.166
Suburban T.B. Sanitarium 0.004 0.001 0.005 0.005
West Northfield School District #31 1.811 1.605 1.542 1.624
Wilmette School District #39 2.707 2.238 2.151 2.261
Northfield Township - Road and Bridge 0.037 0.033 0.033 0.035
Northfield Township - General Assistance 0.010 0.006 0.008 0.008
Northfield Woods Sanitary District 0.062 0.055 0.053 0.056
North Maine Fire Protection District 0.862 0.717 0.785 0.914
Northbrook Park District 0.459 0.410 0.385 0.406
Oak Meadow Sanitary District 0.059 0.048 0.045 0.045
Northwest Mosquito Abatement 0.010 0.009 0.009 0.009
Data Source
Office of the County Clerk
*Property tax rates are per $100 of assessed valuation
202
200720082009201020112012
1.594 1.755 1.698 2.022 2.281 2.557
0.012 - 0.021 - 0.025 -
0.446 0.415 0.394 0.423 0.462 0.531
2.276 2.233 2.235 2.499 2.775 3.100
0.053 0.051 0.049 0.051 0.058 0.063
0.429 0.429 0.422 0.483 0.538 0.579
1.953 1.909 1.876 2.160 2.429 2.706
1.859 1.807 1.943 2.203 2.449 2.961
1.602 1.577 1.617 1.782 1.995 2.215
0.065 0.064 0.067 0.075 0.085 0.096
0.002 0.015 0.016 0.018 0.021 0.023
0.034 0.033 0.034 0.038 0.043 0.049
0.263 0.252 0.261 0.274 0.320 0.370
1.299 1.290 1.237 1.474 1.674 1.864
0.031 0.031 0.030 0.037 0.042 0.047
0.003 0.003 0.003 0.004 0.005 0.006
2.114 2.120 2.267 2.538 2.904 3.256
0.027 0.027 0.029 0.032 0.037 0.042
0.003 0.003 0.003 0.004 0.005 0.006
0.008 0.008 0.008 0.009 0.010 0.010
2.138 2.089 2.089 2.327 2.641 2.999
1.403 1.383 1.395 1.609 1.819 2.028
0.010 0.009 0.010 0.013 0.020 0.024
0.141 0.140 0.140 0.160 0.196 0.219
- - - - - -
1.405 1.402 1.494 1.730 2.018 2.525
1.848 1.812 1.716 2.314 2.620 2.922
0.030 0.030 0.031 0.036 0.041 0.046
0.008 0.009 0.010 0.011 0.008 0.009
0.049 0.049 0.054 0.067 0.079 0.082
0.882 0.986 1.112 1.254 1.366 1.452
0.342 0.332 0.334 0.375 0.424 0.471
0.004 0.037 0.038 0.045 0.051 0.056
0.008 0.008 0.008 0.009 0.010 0.011
203
Village of Glenview, Illinois
PercentagePercentage
of Totalof Total
VillageVillage
TaxableTaxableTaxableTaxable
AssessedAssessedAssessedAssessed
TaxpayerValueRankValuationValueRankValuation
CLF (formerly Grubb & Ellis)33,655,907$ 1 1.47%21,615,202$ 2 1.17%
Kraft USA32,435,474 2 1.42%47,640,910 1 2.57%
Oliver McMillan LLC26,025,093 3 1.14%
Astella US Holdings23,755,871 4 1.04%
Mid America Asset21,264,770 5 0.93%10,671,803 8 0.58%
Thomson Reuters Pts (formerly
Cole Real Estate)16,471,341 6 0.72%
Abt Electronics15,234,484 7 0.66%
Signode, Division of ITW14,081,073 8 0.61%17,258,616 3 0.93%
Vi (Classic Residence Hyatt)13,893,875 9 0.61%
Anixter, Inc.13,734,590 10 0.60%
Cattellus Development 14,189,757 4 0.77%
Pearson Tax Dept. 12,236,515 5 0.66%
Wyndham International 12,087,7206 0.65%
CC Lake, Inc. 10,942,2437 0.59%
Parkside Senior Services 10,219,8869 0.55%
Heatherfield Cen LLC8,494,95610 0.46%
210,552,478$ 9.20%165,357,608$ 8.93%
Note: Every effort has been made to seek out and report the largest taxpayers. However, many of the taxpayers
own multiple parcels, and it is possible that some parcels and their valuations have been overlooked.
Principal Property Taxpayers
Current Year and Nine Years Ago
20132004
204
Village of Glenview, Illinois
Property Tax Levies and Collections
Last Ten Tax Levy Years
Property Subsequent
LevyFiscalTaxesTaxesPercentageYear TaxesPercentage
YearYearLeviedReceivedof LevyCollectionsReceivedof Levy
2003200413,000,620$ 12,445,914$ 95.73%374,47812,820,392$ 98.61%
2004200513,218,991 13,094,363 99.06%(103,057)12,991,30698.28%
2005200614,322,402 11,957,340 83.49%2,112,38914,069,72998.24%
2006200714,322,403 12,857,920 89.77%1,258,74014,116,66098.56%
2007200813,919,457 13,398,159 96.25%130,78913,528,94897.19%
2008200915,858,539 15,345,443 96.76%166,89715,512,34097.82%
2009201017,136,858 16,810,757 98.10%(25,116)16,785,64197.95%
2010201117,919,376 17,269,565 96.37%408,40917,677,97498.65%
2011201218,561,309 18,202,205 98.07%222,893 18,425,09899.27%
2012201318,977,508 18,647,991 98.26%- 18,647,99198.26%
Source: Office of the County Clerk
Note: Property in the Village is assessed annually. Property is assessed at approximately 33% of the actual value on
January 1 and property taxes are levied in December of the tax levy year.
Collected within the
Fiscal Year after the Levy
Total Collections
Per Levy
205
Village of Glenview, Illinois
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Governmental ActivitiesBusiness-Type ActivitiesPercentageTotal
FiscalGeneralSpecialGeneral of Outstanding
YearObligationLoansServiceObligationNotesTotalPersonal Debt Per
EndedBondsPayableAreaBondsPayableVillageIncome*Capita*
200386,980,000$ -$ -$ 7,030,000$ 2,343,822$ 96,353,822$ 5.80%2,302 $
2004128,485,155 - - 7,579,845 2,244,283 138,309,283 7.17%3,112
2005119,275,000 - 85,503 6,699,933 2,139,824 128,200,260 6.65%2,884
2006147,725,000 - 75,696 6,479,304 2,030,203 156,310,203 8.07%3,500
2007137,840,000 - 65,713 12,099,287 1,915,164 151,920,164 7.84%3,402
2008128,505,000 - - 10,889,470 1,794,439 141,188,909 7.32%3,177
2009118,865,000 - - 9,629,897 1,667,748 130,162,645 6.75%2,996
2010109,125,000 - - 4,750,000 1,534,796 115,409,796 4.96%2,582
201199,115,000 - - 3,860,000 1,395,273 104,370,273 4.39%2,335
201289,415,000 - - 2,950,000 1,248,854 93,613,854 4.03%2,095
201372,742,817 28,551,488 - 2,248,585 1,095,199 104,638,089 4.51%2,341
Source: The Village of Glenview's Comprehensive Annual Financial Report.
* Additional demographic information is available in the schedule of Demographic and Economic Statistics.
206
Village of Glenview, Illinois
Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years
Percentage of
Assessed
GeneralLessTaxableDebt
FiscalObligationDebtValue ofPer
YearBondsService FundsTotalProperty (1)Capita (2)
2004136,065,000$ 3,242,038$ 132,822,962$ 8.15%3,795 $
2005125,974,933 2,075,383 123,899,550 7.08%3,540
2006154,204,304 4,643,867 149,560,437 6.89%4,273
2007149,939,287 2,870,654 147,068,633 5.46%4,202
2008139,394,470 1,649,841 137,744,629 4.73%3,099
2009128,494,897 15,676 128,479,221 4.28%2,890
2010113,875,000 - 113,875,000 3.79%2,548
2011102,975,000 - 102,975,000 3.79%2,304
201292,365,000 - 92,365,000 3.77%2,067
201374,991,402 - 74,991,402 3.27%1,678
Source: The Village of Glenview's Comprehensive Annual Financial Report.
(1) See the Schedule of Assessed Value and Actual Value of Taxable Property for property
value data.
207
Village of Glenview, Illinois
Direct and Overlapping Governmental Activities Debt
As of December 31, 2013
PercentageVillage of
Debt Applicable Glenview
Grossto the Village ofShare
Governmental unitDebtGlenview (1)of Debt
Direct bonded debt
Village of Glenview 72,742,817$ 100.00%72,742,817$
Overlapping bonded debt
Glenview Special Service Areas 383,029 100.00%383,029
Glenview Park District 11,625,000 84.93%9,873,113
Northbrook Park District 4,605,000 0.32%14,736
Cook County, including Forest Preserve
District 3,758,560,000 1.80%67,654,080
Metropolitan Water Reclamation District 2,106,850,281 1.84%38,766,045
School Districts
Elementary school districts
Avoca School District No. 37 1,478,214 8.48%125,353
East Maine School District No. 63 10,615,000 4.33%459,630
Glenview School District No. 34 13,640,000 89.23%12,170,972
Golf School District No. 67 11,915,470 8.99%1,071,201
Northbrook School District No. 30 380,201 33.90%128,888
West Northfield School District No. 31 950,000 46.04%437,380
Wilmette School District No. 39 14,105,000 5.11%720,766
High school districts
Maine Township District No. 207 9,800,000 1.03%100,940
New Trier Township District No. 203 13,375,000 2.48%331,700
Niles Township District No. 219 152,889,468 0.77%1,177,249
Northfield Township District No. 225 85,058,911 41.41%35,222,895
Community College District
Oakton Community College No. 535 23,510,000 10.61%2,494,411
Total overlapping bonded debt 6,219,740,574 171,132,386
Total direct and overlapping bonded debt6,292,483,391$ 243,875,203$
Source: Cook County Clerk as of 12/31/13
(1) Determined by the ratio of assessed valuation of property subject to taxation in the Village of
Glenview to the valuation of property subject to taxation in overlapping unit. Based on 2011
real property valuations.
208
Village of Glenview, Illinois
Legal Debt Margin Information
As of December 31, 2013
The Village of Glenview is a home rule municipality in the State of Illinois. Article VII, Section 6(k) of the
1970 Illinois Constitution governs computation of the legal debt margin and reads as follows:
“The General Assembly may limit by law the amount and require referendum approval of debt to
be incurred by home rule municipalities, payable from ad valorem property tax receipts, only in
excess of the following percentages of the assessed value of its taxable property….(2) if its
population is more than 25,000 and less than 50,000 an aggregate of one
percent;….Indebtedness which is outstanding on the effective date (July 1, 1971) of this
constitution or which is thereafter approved by referendum…shall not be included in the foregoing
percentage amount.”
To date, the Illinois General Assembly has not set limits for home rule municipalities.
209
Village of Glenview, Illinois
Per
PersonalCapita
Fiscal IncomePersonalUnemployment
Year Population(in Thousands)Income Rate
2004 44,443 1,928,115 $ 43,384$ 4.6%
2005 44,443 1,928,115 43,384 4.2%
2006 44,443 1,928,115 43,384 2.9%
2007 44,443 1,928,115 43,384 3.1%
2008 44,443 1,928,115 43,384 4.2%
2009 44,443 1,928,115 43,384 6.9%
2010 44,692 2,331,179 52,161 6.8%
2011 44,692 2,379,670 53,246 6.8%
2012 44,692 2,321,883 51,953 6.2%
2013 44,692 2,334,129 52,227 6.3%
Source:
Population information provided by the U.S. Census Bureau
Per capita information provided by the American Community Survey
Unemployment data provided by Illinois Department of Employment Security (IDES)
Demographic and Economic Statistics
Last Ten Fiscal Years
210
Village of Glenview, Illinois
% of % of
Number ofTotal Village Number ofTotal Village
Employer RankEmployeesPopulationRankEmployeesPopulation
Glenbrook Hospital 1 1,300 2.91%4 600 1.62%
Astellas 2 1,048 2.34%
Abt Electronics 3 1,045 2.34%1 2,100 5.66%
Anixter, Inc.4 823 1.84%
ITW/Signode 5 750 1.68%2 1,200 3.24%
Glenview Comm. School Dist 34 6 680 1.52%6 400 1.08%
Kraft Foods Technology Center 7 550 1.23%
Glenbrook South High School 8 393 0.88%8 330 0.89%
Glenview Terrace Nursing Home 9 350 0.78%
North American Corporation of Illinois10 332 0.74%
Zenith Electronics 3 900 2.43%
Scott Foresman (Pearson)5 475 1.28%
Avon Products 7 369 0.99%
Guarantee Trust Life Ins 9 310 0.84%
Omni-Circuits, Inc.10 280 0.75%
16.26%18.78%
Source: Illinois Manufacturers Services Directory, Illinois Services Directory and Employer Contact
Principal Employers
Current Year and Nine Years Ago
2013 2004
211
Village of Glenview, Illinois
Full-Time Equivalent Employees
Last Ten Fiscal Years
Function/Program2004200520062007
General Government
Management services10 12 12 12
Finance 14 15 16 16
Administrative services - - - -
Planning and economic
development (1) (2)- - - -
Planning 2 2 2 2
Code enforcement 16 16 16 16
Community development 13 14 14 14
Capital projects (2)- - - -
Total general government 55 59 60 60
Public safety
Police
Officers 78 78 78 78
Civilians 19 18 18 18
Fire
Firefighters and officers 85 85 85 85
Civilians 12 12 11 11
Joint dispatch - - - -
Total public safety 194 193 192 192
Public works
Administration 6 6 6 6
Engineering 8 8 8 8
Street maintenance 44 45 45 45
Water maintenance 21 21 21 21
Fleet maintenance - - - -
Natural resources - - - -
Total public works 79 80 80 80
Total full-time equivalent
employees 328 332 332 332
(1) Previously referred to as Development
(2) Inspectional Services Division previously included in Development is included in Capital Projects
as of 2011.
Data source: Village Budget Office
212
200820092010201120122013
13 10 10 11 15 15
- - - - - -
22 14 16 13 13 12
32 21 23 5 5 5
- - - - - -
- - - - - -
- - - - - -
17 13 11 25 25 20
84 58 60 54 58 52
77 74 73 71 70 70
19 18 17 16 12 12
84 82 84 80 80 80
- - 2 2 2 2
15 20 20 19 21 27
195 194 196 188 185 191
6 6 4 6 6 6
- - - - - -
22 21 21 20 21 21
29 28 29 21 18 19
6 6 5 3 4 4
2 1 1 1 1 1
65 62 60 51 50 50
344 314 316 293 293 293
213
Village of Glenview, Illinois
Operating Indicators
Last Ten Fiscal Years
Function/Program2004200520062007
Public Safety
Police
Physical arrests910 1,063 976 1,003
Parking violations 4,345 2,561 2,695 2,206
Traffic violations 5,360 6,998 6,266 5,800
Fire
Emergency responses
Emergency medical 4,035 4,297 4,487 4,707
Other responses 2,626 2,872 2,734 3,148
Fires extinguished 123 144 93 100
Fires extinguished (structures)- - - -
Public works
Pothole repairs (hours)4,632 5,201 1,311 1,062
Water
Metered water customers 15,478 15,853 15,247 15,663
Water main breaks 101 210 99 130
Water purchases
(in ten-thousands of gallons)332,138 362,534 312,218 318,381
Average daily consumption205 223 192 196
Building
Permits issued 3,100 3,282 2,759 2,739
Value of construction
(in thousands of dollars)178,546 $ 168,418 $ 108,005 $ 108,455 $
Data Source
Various Village departments.
214
200820092010201120122013
1,677 1,475 1,088 571 544 570
2,962 3,518 2,998 2,243 1,125 2,272
4,101 3,024 2,301 2,446 2,511 2,646
4,873 4,588 4,653 4,948 4,832 4,495
2,885 2,561 2,249 2,359 2,327 2,835
- - 52 28 63 47
39 11 21 26 27 26
2,425 5,910 4,444 3,453 4,267 4,390
15,754 15,769 15,781 15,786 15,894 15,889
93 96 134 114 171 146
306,164 301,349 292,882 285,877 306,706 289,550
186 183 141 133 138 129
2,837 2,376 2,535 2,552 1,471 1,918
106,000 $ 133,737 $ 110,191 $ 98,541 $ 39,693 $ 164,556 $
215
Village of Glenview, Illinois
Capital Asset Statistics
Last Ten Fiscal Years
Function/Program2004200520062007
Public Safety
Police
Police stations1 1 1 1
Marked patrol units 17 18 18 18
Unmarked patrol units 9 9 9 9
Motorcycles 2 2 3 3
Civilian vehicles N/AN/AN/AN/A
Fire
Fire stations 5 5 5 5
Ambulances 3 3 3 4
Fire engines 4 4 4 4
Aerial ladder truck 1 1 1 1
Passenger vehicles N/AN/AN/AN/A
Public works
Streets and highways
Arterial street miles 7 7 7 7
Residential street miles 138 138 126 126
Streetlights 1,300 1,700 1,800 1,800
Water
Water main miles 261 230 230 230
Fire hydrants 2,300 2,668 2,668 2,668
Storage capacity
(in millions of gallons)15,000 18,000 18,000 18,000
Wastewater
Sanitary sewer miles 128 128 128 128
Storm sewer miles 175 175 175 175
Parking facilities
Parking spaces 1,168 1,450 1,450 1,450
Data Source:
Various Village departments, data varies due to improved GIS capabilities.
216
200820092010201120122013
1 1 1 1 1 1
18 18 18 18 18 18
9 12 12 12 12 11
3 4 4 4 4 4
N/AN/AN/AN/A 3 3
5 5 5 5 5 5
4 4 4 4 4 4
4 6 6 6 6 6
1 1 1 1 1 2
N/AN/AN/AN/A 6 6
7 18 18 18 18 18
126 158 158 158 158 158
1,800 1,800 1,800 1,800 1,800 1,800
230 230 230 230 230 230
2,668 2,713 2,733 2,733 2,733 2,733
18,000 16,050 16,050 16,050 16,050 16,050
128 128 150 150 150 150
165 165 262 262 262 262
1,450 1,450 1,450 1,450 2,048 2,153