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Village CAFR For Year Ended April 30, 1985 (2)
COMPREHENS ANNUAL FINANCIAL REPORT N VILLAGE OF DEERFIELD, ILLINOIS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED APRIL 30, 1985 PREPARED BY GEORGE VALENTINE FINANCE DIRECTOR VILLAGE OF DEERFIELD 1 t i 1 I 1' I i t TABLE OF CONTENTS PAGE INTRODUCTORY SECTION Principal Officials i Organizational Chart ii Certificate of Conformance in Financial Reporting iii Letter of Transmittal iv -ix FINANCIAL SECTION AUDITORS' REPORT ON THE FINANCIAL STATEMENTS 1-2 COMBINED STATEMENTS - OVERVIEW ("Liftable" General Purpose Financial Statements) Combined Balance Sheet - All Fund Types and Account Groups 3 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - All Governmental and Fiduciary (Expendable Trust) Fund Types Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General, Special Revenue, and Debt Service Fund Types 5 Combined Statement of Revenues, Expenses, and Changes in Retained Earnings/Fund Balances - All Proprietary and Fiduciary (Pension Trust) Fund Types 6 Combined Statement of Changes in Financial Position - All Proprietary and Fiduciary (Pension Trust) Fund Types 7 Notes to the Financial Statements 8-35 FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS GOVERNMENTAL FUND TYPES GENERAL FUND General Fund Financial Statements Balance Sheet 36 Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 37 TABLE OF CONTENTS (CONT.) FINANCIAL SECTION (CONT.) GOVERNMENTAL FUND TYPES (CONT.) GENERAL FUND (CONT.) Supplemental Statements Statement of Revenues - Budget and Actual Statement of Expenditures - Budget and Actual SPECIAL REVENUE FUNDS Al Funds Financial Statements Combining Balance Sheet Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Municipal Audit Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Emergency Services Disaster Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Youth Bound Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Library Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Supplemental Statements Statement of Expenditures - Budget and Actual PAGE 38 39-41 42 43 44 45 46 D 47 48 ie TABLE OF CONTENTS (CONT.) FINANCIAL SECTION (CONT.) GOVERNMENTAL FUND TYPES (CONT.) SPECIAL REVENUE FUNDS (CONT.) Street and Bridge Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Supplemental Statements Statement of Expenditures - Budget and Actual Illinois Municipal Retirement Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Benefit Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Federal Revenue Sharing Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Motor Fuel Tax Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Dial -A -Ride Fund Financial Statements Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual PAGE 49 50-54 55 56 57 58 59 TABLE OF CONTENTS (CONT.) FINANCIAL SECTION (CONT.) GOVERNMENTAL FUND TYPES (CONT.) DEBT SERVICE FUND Debt Service Fund Financial Statements Balance Sheet Statement of Reveues, Expenditures, and Changes in Fund Balance - Budget and Actual CAPITAL PROJECTS FUNDS All Funds Financial Statements Combining Balance Sheet Combining Statement of Revenues, Expenditures, and Changes in Fund Balances SPECIAL ASSESSMENT FUNDS Special Assessment Funds All Funds Financial Statements Combining Balance Sheet Combining Statement of Revenues, Expenditures, and Changes in Fund Balances PROPRIETARY FUND TYPES ENTERPRISE FUNDS All Funds Financial Statements Combining Balance Sheet Combining Statement of Revenues, Expenses, and Changes in Retained Earnings - Unreserved Combining Statement of Changes in Financial Position PAGE DR 61 62 63 64 65 66 67 68 1 1 1 1 TABLE OF CONTENTS (CONT.) FINANCIAL SECTION (CONT.) PROPRIETARY FUND TYPES (CONT.) ENTERPRISE FUNDS (CONT.) Water Fund Financial Statements Balance Sheet Statement of Revenues, Expenses, and Changes in Retained Earnings - Unreserved - Budget and Actual Supplemental Statements Statement of Operating Expenses - Budget and Actual Statement of Fixed Assets and Depreciation Sewerage Fund Financial Statements Balance Sheet Statement of Revenues, Expenses, and Changes in Retained Earnings - Unreserved - Budget and Actual Supplemental Statements Statement of Operating Expenses - Budget and Actual Statement of Fixed Assets and Depreciation Refuse Fund Financial Statements Balance Sheet Statement of Revenues, Expenses, and Changes in Retained Earnings - Budget and Actual Commuter Parking Lot Fund Financial Statements Balance Sheet Statement of Revenues, Expenses, and Changes in Retained Earnings - Budget and Actual Supplemental Statements Statement of Operating Expenses - Budget and Actual Statement of Fixed Assets and Depreciation PAGE 69 70 71-72 73 74 75 76-77 78 79 80 81 82 83 84 TABLE OF CONTENTS (CONT.) FINANCIAL SECTION (CONT.) PROPRIETARY FUND TYPES (CONT.) INTERNAL SERVICE FUND Garage Fund Financial Statements Balance Sheet Statement of Revenues, Expenses, and Changes in Retained Earnings - Budget and Actual Statement of Changes in Financial Position Supplemental Statements Statement of Operating Expenses - Budget and Actual FIDUCIARY FUND TYPES TRUST AND AGENCY FUNDS All Funds Financial Statements Combining Balance Sheet Statement of Revenues, Expenses, and Changes in Fund Balance - Budget and Actual (Pension Trust Fund) Statement of Changes in Financial Position (Pension Trust Fund) Agency Fund Deposit Fund Financial Statements Statement of Changes in Assets and Liabilities ACCOUNT GROUPS GENERAL FIXED ASSETS ACCOUNT GROUP Financial Statements . Statement of General Fixed Assets Supplemental Statements Statement of General Fixed Assets - By Function and Activity Statement of Changes in General Fixed Assets - By Function and Activity PAGE 85 86 87 88 89 90 91 92 93 94 95 1 1 1 1 1 r 1 I 1 1 1 l A 1 TABLE OF CONTENTS (CONT.) PAGE FINANCIAL SECTION (CONT.) ACCOUNTS GROUPS (CONT.) GENERAL LONG-TERM DEBT ACCOUNT GROUP Financial Statements Statement of General Long -Term Debt 96 SUPPLEMENTAL DATA Combined Statement of Cash and Investments 97 Combined Statement of Investments 98-101 Long -Term Debt Requirements Sewerage Improvement Bond Series of 1973 102 Sewerage Treatment Facilities Bond Series of 1973 103 Corporate Purpose Bond Series of 1983 104 Corporate Purpose Bond Series of 1982 105 Corporate Purpose Bond Series of 1982-A 106 General Obligation Variable Rate Demand Bond Series of 1984 107 Police Addition Installment Contract of 1979 108 Water Revenue Bond Series of 1960 109 Water Revenue Bond Series of 1959 110 Statement of Officer's Deposits (Police Pension Fund) 111 Statement of Insurance in Force 112 STATISTICAL SECTION General Governmental Expenditures by Function - Last Ten Fiscal Years 113 General Governmental Revenues By Source - Last Ten Fiscal Years 114 Property Tax Levies and Collections - Last Ten Fiscal Years 115 Assessed and Estimated Actual Values of Taxable Property - Last Ten Fiscal Years 116 Property Tax Rates - All Overlapping Governments - Last Ten Fiscal Years 117 Special Assessment Collections - Last Ten Fiscal Years 118 TABLE OF CONTENTS (CONT.) PAGE STATISTICAL SECTION (CONT.) Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Fiscal Years 119 Statement of Legal Debt Margin 120 Statement of Direct and Overlapping Debt 121 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Governmental Expenditures - Last Ten Fiscal Years 122 Statement of Revenue Bond Coverage - Water and Sewer Bonds - Last Ten Fiscal Years 123 Demographic Statistics - Last Ten Fiscal Years 124 Property Value, Construction, and Bank Deposits - Last Ten Fiscal Years 125 Principal Taxpayers 126 Miscellaneous Statistics 127 1 1 � Introductory Section 1 1 1 f J VILLAGE OF DEERFIELD, ILLINOIS PRINCIPAL OFFICIALS APRIL 30, 1985 LEGISLATIVE VILLAGE BOARD OF TRUSTEES Bernard Forrest, President Harriett Rosenthal Edwin B. Seidman James L. Marovitz Vernon E. Swanson f Cynthia T. Marty T. Robert York Naomi S. Clampitt, Clerk ADMINISTRATIVE Robert Franz, Village Manager FINANCE DEPARTMENT George Valentine, Director of Finance/Treasurer i li 1 1 1 0) CO Z } m0 ww � az o cc0 Q J F- Og ��.. CO O Q U c cr.CO U Qw Ow w� J m�j OC7 CC J z cc O ~ �. Q o Y cc w J U w C7 Q J J ►� N Z U ZO Z Z w U = N - Uw �> Z w w N_ � LLJ ww p > co> Z Z Z p ::) O Z < J m a p Z s z -j w a. N g w a C7 Z U Z U W g V w Z j N Z Z ww pU LU F, Z J U00 :DZ w m p. coJ LL Z w a N Y w O �N H wW UE N U wZ w U �Q } wY w UZ F- > Z N Q O 0 E- < w a w O c J w J C7 >Q z F- Q CO) c Q U w z w z U Z J Z w Q ~ m ~w Q z U O N = p �" QU p LL. m w a, a ¢ J a' a N v) Z O O F- La U J O ¢ = Q N p' w =-2 U f- U U a H a N w wW a w m ww z O p U ii 1 1 1 1 1 1 V � C74 4 ���T'•+� CCU V •� • r-1 i-ti C r S ; ICWOI a, r 6 p J w H wl w w 2 W- I w d J J !r t.n vo Eli `• "C�•y C O N L a O U ah. .y. t y 0 r ao�o�,. z CS N ••,l G co' 3 :. iii 1 1 I 1 I 1 fl -vy+e I - - October 1, 1985 Mr. Robert Franz, Village Manager Village of Deerfield Deerfield, Illinois 60015 Dear Mr. Franz: 945-5000 ILLINOIS 850 WAUKEGAN ROAD DEERFIELD, ILLINOIS 60015 The Comprehensive Annual Financial Report of the Village of Deerfield for the fiscal year ending April 30, 1985, is submitted herein. This report was prepared by the Village Finance Department. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the Village. The organization and content of this Report, including the Financial Statements, Exhibits and Statistical Tables, follow the stan- dards for financial reporting recommended by the National Committee on Governmental Accounting and its successor, the Government Accounting Standards Board. I believe that the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the Village as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the Village's financial affairs have been included. Accounting System and Budgetary Control In developing and evaluating the Village's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived from it; and (2) the evaluation of costs and benefits requires estimates and judgements by management. All internal control evaluations occur within the above framework. I believe that the Village's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. 1 iv 1 Budgetary control is maintained at the department and subdepartment level through a system of purchase orders and a monthly reporting system which reports against estimated expenditures for the time period. The Reporting Entity and Its Services This report includes all of the funds and account groups of the Village. It also includes all activities considered to be part of (controlled by or dependent on) the Village, as determined by the application of the criteria set forth in "Defining the Governmental Reporting Entity - NCGA Statement 3". The Village of Deerfield, Illinois, was incorporated April 14, 1903. The Village operates under a Board -Manager form of government and provides the following services as authorized by its charter: public safety, highways and streets, sanitation, health and social services, cultural, public improvements, planning and zoning, and general administrative services. Separate reports and financial statements have been prepared for the Police Pension Board and the Public Library Board. These financial statements and reports are also contained within this report which combines all the funds under the Village's jurisdiction. . General Governmental Functions Revenues for the General Fund, Special Revenue and Debt Service Funds totaled $6,480,761. This is an increase of 18.9 percent over 1984. Taxes produced 59.9 percent of general revenues compared to 67.0 percent last year. Of the amount that is listed as taxes, $1,935,486 was property tax revenue. The prior property tax extension was $1,679,934 for an increase of 15.2 percent. Sales tax is also included in the general category of taxes, in the amount of $1,505,081, an increase of 6.5 percent over the prior year. The miscellaneous category includes the sale of property for $487,798. 1985 REVENUE Revenue Source Taxes Licenses and Permits Intergovernmental Rev. Charges for Services Fines and Forfeits Miscellaneous Revenues TOTAL Amount $3,883,488 479,588 515,718 146,128 310,152 1,145,687 $6,480,761 Percent of Total 59.9 7.4 8.0 2.3 4.8 17.6 Increase (decrease) from 1984 231,9 0 23,683 52,602 (27,140) 146,012 602,928 1,029,985 The current year (1983) tax levy collections were approximately 100.0 percent. Property taxes which are delinquent more.than one year are written off; subsequent collections of such taxes are reflected as v A 11 'prior year revenues' in the year collected. Allocation of property tax levy by purpose for 1983 and the preceding two levy years is as follows: 1984 Purpose TAX RATE* General Fund .183 Special Revenue Funds .446 General Obligation Debt .232 Pension Trust Funds .062 Enterprise Funds .151 TOTAL TAX RATE* 1.074 1983 TAX RATE* .191 .427 .207 .060 .148 1.033 *Rate per $100 of equalized assessed valuation 1982 TAX RATE* .191 .414 .153 .052 .140 .950 Expenditures for General, Special Revenue and Debt Service Fund purposes totaled $5,728,605, an increase of 14.8 percent over the prior year. The largest increase was in General Government which reflects the purchase of land for $350,000 which will be used for roadway and intersection improvement. 1985 EXPENDITURES Increase Percent (Decrease) Function Amount of Total from 1984 General Government $1,281,952 22.4 $ 474,849 Public Safety 1,783,522 31.1 117,417 Highways & Street 912,600 15.9 (201,831) Culture & Recreation 695,786 12.1 128,057 Misc. Expenditures 293,932 5.2 29,180 Debt Service 760,813 13.3 190,280 TOTAL $5,728,605 100 $737,952 Debt Administration The ratio of bonded debt to assessed valuation and the amount of bonded debt per capita are useful indicators of the Village's debt position to municipal management, citizens, and investors. The data for the Village at the end of the 1985 fiscal year is as follows: Outstandinq General Obligation Bonds by Issue Sewerage Improvement Bonds Series of 1973 $ 550,000 Sewerage Treatment Facility Bonds Series of 1973 1,050,000 Corporate Purpose Bond Series of 1982 - A 450,000 Capital Improvements - Series A 1984 4,100,000 TOTAL $ 6,150,000 vi Other Debt to be Abated from T.I.F. District Corporate Purpose 1982 Bond Series of 1982 500,000 Corporate Purpose 1983 Bond Series of 1983 450,000 TOTAL 950,000 GRAND TOTAL BONDED DEBT $7,100,000 Less: DEBT SERVICE FUNDS 1,011,384 NET BONDED DEBT $6,088,616 rRatio of Net Debt to Net Debt Amount Assessed Value Per Capita Net Bonded Debt $6,088,616 2.48% $348 Moody's Investor Service upgraded the Village's General Obligation Debt to Aa from A 1 on July 1, 1982. This rating was last confirmed on December 5, 1983. Cash Management Cash temporarily idle during the year was invested in repurchase agreements, certificates of deposit, treasury bills. Funds held for the Police Pension Fund are invested in treasury bonds and notes, treasury strip coupons, and repurchase agreements. As of April 30, 1985, the total amount invested by the Village was 98.0 percent of available funds.The total interest earnings for the year for all funds, including the pension funds, were $1,200,891. For the prior fiscal year, the total amount earned was $710,337. General Fixed Assets The General Fixed Assets of the Village are those fixed assets used on the performance of general governmental functions and exclude the fixed assets of the Enterprise. As of April 30, 1985, the general fixed assets of the Village amounted to $4,514,440. This amount represents the original cost or estimated original cost of the assets, and is considerably less than their present value. Depreciation of general fixed assets is not recognized in the Village's accounting system. Enterprise Funds The Village's Water Fund had total operating revenues of $1,277,901 and operating expenses of $1,004,166 or a total operating income of $273,735. Revenue bond coverage for the year ending April 30, 1985 was 5.59. vii The Sewer Fund had operating revenues of $795,003, operating expenses of $749,742 for an operating income of $45,261. The Refuse Fund had operating revenues of $433,645 and operating expenses of $778,388 for an operating loss of $344,743. However, there was a property tax levy for $364,382 for refuse purposes. This revenue source more than adequately covers the operating loss. The commuter parking lots' revenues were $62,599, with operating expenses of $24,465 for an operating income of $38,134. Prospects for the Future The Village has commenced a series of major capital improvement projects as had been previously scheduled during the 1984-85 fiscal year. These projects include major street repair and rehabilitation work, and renovation of the Village's sanitary and storm system. It is estimated that these projects call for a bond issue, or a series of bond issues, in the area of approximately $8.4-10 million. The initial financing was in the form of a short term demand note in the amount of $4,100,000. Work will continue for the next several fiscal years. The Village's Tax Incremental Financing District, (TIF), was founded in June, 1982, to facilitate growth and development in the Lake -Cook corridor portion of the Village, primarily the area known as the Brickyards. The district's increased equalized assessed valuation over its frozen cap has been: 1982 - $4,143,104; 1983 - $7,247,225; 1984 - $19,483,923. This growth has been faster than had been anticipated. The Village has had two significant annexations in the 1984-85 fiscal year. One was the annexation of approximately 78 acres west of the then -corporate limits of the Village. Development plans for this call for the construction of a hotel and the construction of office structures of approximately 1,300,000 square feet. The second annexation, comprised of approximately 40 acres, is in the southwest portion of the Village. Development plans call for construction of approximately 600,000 square feet of office structures and a hotel. The addition of these properties to the Village's tax base from the prospect of real estate property taxes, hotel -motel taxes, and sales taxes should provide a significant increase in revenues, not only to the Village itself, but to the overlapping taxing districts. Independent Audit State statutes require an.annual audit of the books of account, fiscal records and transactions of all administrative departments of the Village by independent certified public accountants selected by the Board of Trustees. This requirement has been complied with, and the auditor's opinion has been included in this report. viii Certificate of Conformance The Government Finance Officers Association of the United States and Canada (GFOA) awards a Certificate of Conformance in financial reporting to units of government for the comprehensiveness of its financial report. In order to be awarded a Certificate of Conformance, a governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. The Village was awarded a Certificate of Conformance for its April 30, 1984, report, and I believe our current report substantially conforms to Certificate of Conformance Program requirements, and we are submitting this report to GFOA to determine its continuing eligibility for a certificate. Acknowledgements The preparation of this report on a timely basis could not be accomplished without the efficient and dedicated services of the entire _ staff of the Finance Department. I would like to express my appreciation to all members of the department who assisted and contributed to its preparation. I would also like to thank the president and members of the Board of Trustees for their interest and support in planning and conducting the financial operations of the �1 Village in a responsible and progressive manner. Respectfully submitted, v George J. Valen ine Finance Director Village of Deerfield 1 GJV:nkj 1 1 1 I I a Financial Section ['I 1 I 1 I I I IAUDITORS OPINION F d 1 !Certified Public Accountants The Honorable Bernard Forrest, Mayor Members of the Board of Trustees Village of Deerfield Deerfield, Illinois We have examined the combined financial statements of the Village of Deerfield, Illinois and the combining, individual fund, and account group ' financial statements of the Village as of and for the year ended April 30, 1985 as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the combined financial statements referred to above, present fairly the financial position of the Village of Deerfield, Illinois at April 30, 1985, and the results of its operations and the changes in financial position of its proprietary fund types and similar trust funds for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Also, in our opinion, the combining, individual fund, and account group financial statements referred to above, present fairly the financial position of the individual funds and account groups of the Village of Deerfield, Illinois at April 30, 1985, and the results of operations of such funds and the changes in financial position of individual proprietary funds and similar trust funds for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. i Bank of Wheaton Building • 211 South Wheaton Avenue • Wheaton, Illinois 60187 • (312) 665-4510 2 Our examination was made for the purpose of forming an opinion on the combined financial statements taken as a whole and on the combining, individual fund, and account group financial statements. The accompany- ing financial information listed as supplemental in the table of contents is presented for purposes of additional analysis and is not a required part of the combined financial statements of the Village of Deerfield, Illinois. The information has been subjected to the auditing procedures applied in the examination of the combined, combining, individual fund, and account group financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial Am statements taken as a whole. The statistical information listed in the Table of Contents was not examined by us and accordingly, we do not express an opinion thereon. 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N N W m p�pooO88M88 pMp �l1 co'o M8 8�On N t+n1 pO n pVp1 OO �TO�OO� M J��O ONO � aDO OMo °S F ark o� �o n ��RijJl n�pnapgo odrnpp rlRrn Mprn Lnvl o" non _ry" n�T .�•�^�^�O 0%0�00�N �7N n .•y dN i3 fM/} (�? NY •••• Vim} N tlY !°? (? p pp OpIq M •QW F1 M O+ �°1 M 10 M N W 8Mr .M-� N eVV1 uN� �D M�Op�p� NN N •y .•Ww O .Y�ppp ken 0oy0 V1 ONE O� OMB n �D p�7p pOpp�� M n (q u7l V1 n V1 �t COI� �D � .�71n0 en f-1 IA Ri M en n � PM'1 co _ 5 f�1 � ,.di ~ vN1 a0 Nl � .�•� O � pn •-� M •--� p C9 a0 O .r "0 O� -, C •p L+ v M m n tn•1 uY CDv t+M1 IM�1 z N N ggyy W C Vi v N N (? V} VY of pT 00 vP �ppp .� OOp� V1 vn1 pq %D M ON 8 S pco �np Orn �tp+p1 Ln N V1 n .ny O M mN T .�•1 N�-�M•i M co co Ono Ono 6 FI •� ��if N Lei d n n 8 Got =: N d d V'i ono S^ N " N v ti 00 p ~ d uyup p ti-I��ONp NO ^ 8� Men .�•y� m OO O N OD O v d OJ W O� .•r �O O� M ..� .••1 00 n v} yr to- of to v �O n p� N N O N pppp po O �n v1 Vpp1� n n n N V1 L' C/ Inpppp N a f�1 O� 1+�1 e�1 /+� v1 P�1 .•1 Op�n 1 � .r V1 d i 0 W.7O8 V1 —^ �•-p� � v�.�•r �O eV N N p�� m V} U; U; Z% N 1� u u po N m W.- pp Opp cn O� s 00 N v '1 W 07 LI 4J o y uM1yy .{1�.1 °" osW" any 14 � � u � L 1+ � % � W v M � •I� � v � L '� ate! •� •Ol 9�� ii �N7 � T •u � •� T N u u� W u u � Ol � 07 m CyC EO �p a) �u .upi O) Cy .'.q.� �e{p u •��i (pJ � u F v � � 't� � .S v � •O�� � ..� Fi 'y' ..a lwxp N t4� [S OCR C7 �i 5 F O�� ►r'J y O~i N yp". 1' o�p G. ••��� T.y�„��•�O� •��} [•+ S c5 W CY G7N a [*1 A ON 7k7C W 6 PG �T Ci VILLAGE OF DEERFIELD, ILLINOIS ALL PROPRIETARY AND FIDUCIARY (PENSION TRUST) FUND TYPES COMBINED STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - UNRESERVED/FUND BALANCE FOR THE YEAR ENDED APRIL 30, 1985 r Operating Revenues Taxes Charges for Services Contributions Miscellaneous Total Revenues Operating Expenses Administration Operations Depreciation Benefits and Refunds Other Total Expenses Operating Income (Loss) Nonoperating Revenues (Expenses) Interest Income Property Taxes Interest Expense Net Income (Loss) before Other Financing (Uses) Other Financing (Uses) Operating Transfers (Out) Net Income (Loss) and Other Financing (Uses) Other Changes in Retained Earnings Unreserved/Fund Balance Intrafund Transfers (Out) Retained Earnings - Reserved - Restricted Accounts Net Increase (Decrease) in Retained Earnings - Unreserved/ Fund Balance Retained Earnings - Unreserved/ Fund Balance May 1 Prior Period Adjustments Adjusted Balances April 30 Proprietary Fiduciary Fund Types Fund Types Totals Internal Pension (Memorandum Only) Enterprise Service Trust 1985 1984 $ 156,125 $ 156,125 $ 140,265 $2,387,288 $139,699 2,526,987 2,312,723 75,750 75,750 83,022 181,860 315,417 497,277 408,556 $2,569,148 $139,699 $ 547,292 $3,256,139 $2,944,566 $ 227,184 $ 227,184 $ 192,568 2,329,577 $143,731 2,473,308 2,427,212 266,147 266,147 263,697 $ 65,912 65,912 37,455 25 25 75 $2,822,908 $143,731 $ 65,937 $3,032,576 $2,921,007 $'(253,760) $ (4,032) $ 481,355 $ 223,563 $ 23,559 $ 97,177 $ 97,177 $ 74,380 364,382 364,382 344,084 (9,000) (9,000) (10,638) $ 452,559 - - $ 452,559 $ 407,826 $ 198,799 $ (4,032) $ 481,355 $ 676,122 $ 431,385 $ (20,000) - - $ (20,000) $ (20,000) $ 178,799 $ (4,032) $ 481,355 $ 656,122 $ 411,385 (29,329) $ 178,799 $ (4,032) $ 481,355 $ 656,122 $ 382,056 $1,095,373 $ 35,260 $2,727,367 $3,858,000 $3,487,734 (11,790) $1,095,373 $ 35,260 $2,727,367 $3,858,000 $3,475,944 $1,274,172 $ 31,228 $3,208,722 $4,514,122 $3,858,000 See accompanying Notes to the Financial Statements. 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 O H OH E-r A H z W rw a E+ h-r o a z H H z .aa o w H H �z A a to W v W fZ. >4 z W H A U O Ls� O Cl O Lr. E-H A W W a H a N F� W A H W x z go a o U a a u, 00 m O M a H w a d A w A z w PG W >4 W x H x 0 44 cn r- N 't ON M O r- O r- 't .-4 —4 N 00 01%00NM1t —4�OM•4N N ON —4 M %�O Q 00 n ON ra ON 00 00 00 00 n 00 M cn O O 00 %0 r- ^ N n M n M. 4 %.O O n n N r\ —4 ON to O N M <rj- Vj- V. N cd 7 " '0 EH R1 N n CN r- r- M r� r\ O %O O M as N $+ N u1 r� 00 Ln N cn N O N .-1 1-4 u1 n O r� 00 M %0 V1 M r� O �O r-.t 00 �O 0 N o0 O n M M rr O� r r: u1 O O 00 O O� ON u1 S O N N O ON M M n u1 r\ N %0 N O% m N CO) 1n Cl) ON M M <rr 0>. m cn Ln u1 O O to r—r %O >% N C ul� M rn rn rn %D M m $4 a O L M cn M 00 O 00 to >1 .4 to Er m 7 00 00 N U C w 00 00 00 N N ul c0aH Lna% rr O N N w Gz+ yr yr yr yr yr yr yr cd N N N r� M a, N C U cn M u'1 r- —4 .- 4 00 10 00 w• 11 O Q �O M cn M �p CN N a, > rr N cn M Lr N r: N n 1-4 rCL t? Vr c? trr Vr Lr yr $4 iJ N E-H .4 w b U aC m rn %0 r� M u,r,,o 00 cn a% O C O*, cn to 00 It u1 N O N O M ul ON $4 fi+ > + r� n rn ON u-1 v1 rl O %0 ON %O N a H 00 r� .10 M O Lr r\ rn O 00 C N r" d N N tr) r- M cn cal C) ..i to 1J .--i N 't -t •--4 en 00 a% C yr yr yr v} yr yr yr W m v -4 L N •rl m -4 m i" • 4 L N .O a c m w a p, m m C C Fq m ca N d O U C >+ M N C •0 7 7 U U b U Z co O m O �d U •.•r .r.t C. w a 0 co .4 r-+ A LL to m cc co <md cad 4.J b A u d z ¢ u mO H9A cd U 4 41 JJ •4 d) m A m i tO m y .d m .a m JJ Qi L C C U Ls C U m O to m m m cv cd d1 cV }+ U 4 1+ U >+ L U tCnH04 W co U N m co to y +� 1•+ C BUJ N� A u v m N t(o C cd H o u H co 1+ w 0. u x ca z U 7 m L C e a� a.r rn U C cc C w w Ic 41 0 JJ m a, u z° to C .,4 C ro a 8 O U U R1 d U to 1. VILLAGE OF DEERFIELD, ILLINOIS I NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 Summary of Significant Accounting Policies The accounting policies of the Village of Deerfield, Illinois conform to generally accepted accounting principles as applicable to governments. The following is a summary of the more significant policies. A. Reporting Entity and Its Services This report includes all of the funds and account groups of the Village. It also includes all activities considered to be part of (controlled by or dependent on) the Village, as determined by the application of the criteria set forth in "Defining the Governmental Reporting Entity - NCGA Statement 3". In accordance with NCGA Statements 3 and 7, for financial reporting purposes the Village's financial statements include all funds, account groups, departments, agencies, boards, commissions and other organizations over which Village officials exercise oversight responsibility. For Joint Venture disclosures see Note 5.A. Oversight responsibility includes such aspects as appointment of governing body members, budget approval, approval of property tax levies, outstanding debt secured by Village full faith and credit or revenues, responsibility for funding deficits and others. The Village considered the following entities when implementing NCGA Statements 3 and 7. The criteria in Statements 3 and 7 did not require the inclusion of these entities in the Village's financial statements principally because the Village does not exercise oversight responsibility over such entities. Listed below are the entities that were considered: Deerfield Bannochburn Fire Protection District Highland Park Mosquito Abatement District North Shore Sanitary District The Village of Deerfield, Illinois was incorporated April 14, 1903. The Village operates under a Board/Manager form of government and provides the following services as authorized by its charter: public safety (police), highways and streets, sanitation, health and social services, culture - recreation, public improvements, planning and zoning, and general admini- strative services. B. Basis of Presentation - Fund Accounting The accounts of the Village are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self - balancing accounts that comprise its assets, liabilities, fund equity, 1 1 9 aVILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 I 1. Summary of Significant Accounting Policies (Cont.) B. Basis of Presentation - Fund Accounting (Cont.) revenues, and expenditures, or expenses, as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. The various funds are grouped, in the financial statements in this report, into eight generic fund types and three broad fund categories as follows: GOVERNMENTAL FUNDS General Fund - The General Fund is the general operating fund of the Village. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than special assessments, ' expendable trusts, or major capital projects) that are legally restricted to expenditures for specified purposes. Debt Service Funds - Debt Service Funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. The Debt Service Fund has been treated as a single fund and budgeted in a like manner by the Village. Capital Projects Funds - Capital Projects Funds are used to 'account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by Proprietary Funds, Special Assessment Funds, and Trust Funds). ' Special Assessment Funds - Special Assessment Funds are used to account for the financing of public improvements or services deemed to benefit the properties against which special assessments are levied. ' PROPRIETARY FUNDS ' Enterprise Funds - 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 general public 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. 1 10 ' 1. VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 Summary of Significant Accounting Policies (Cont.) B. Basis of Presentation - Fund Accounting (Cont.) PROPRIETARY FUNDS (CONT.) Internal Service Funds - Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the Village, or to other governments, on a cost -reimbursement basis. FIDUCIARY FUNDS Trust and Agency Funds - Trust and Agency Funds are used to account for assets held by the Village in a trustee capacity or as an agent for individuals, private organizations, other governments, and/or other funds. These include Expendable Trust, Nonexpendable Trust, Pension Trust, and Agency Funds. Nonexpendable Trust and Pension Trust Funds are accounted for in essentially the same manner as proprietary funds since capital maintenance is critical. Expendable Trust Funds are accounted for in essentially the same manner as governmental funds. Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. The Village does not currently utilize the Nonexpendable Trust or Expendable Trust Fund Types. ACCOUNT GROUPS General Fixed Assets Account Group - The General Fixed Assets Account Group is used to account for all fixed assets which are not accounted for in Enterprise, Internal Service, or Trust Funds. General Long -Term Debt Account Group - The General Long -Term Debt Account Group is used to account for all long-term debt not accounted for in Special Assessment, Enterprise, Internal Service, or Trust Funds. C. Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. All Governmental Funds are accounted for using the modified accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. The Village's share of State -assessed income taxes, gross receipts, and sales taxes are considered "measurable" when in the hands of intermediary collecting governments and are recognized [I 1 11 r, 1 1 1 I 1 11 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 1. Summary of Significant Accounting Policies (Cont.) C. Basis of Accounting (Cont.) as revenue at that time. Anticipated refunds of such taxes are recorded as liabilities and reductions of revenue when they are measurable and their validity seems certain. Revenues considered to be susceptible to accrual are: Taxes Intergovernmental Revenues Property Motor Fuel Tax Allotments Sales Federal Revenue Sharing Entitlements Income Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. All Proprietary Funds and Pension Trust Funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned, and their expenses are recognized when they are incurred. Unbilled Waterworks and Sewerage Fund utility service receivables are recorded at year end. D. Budgets and Budgetary Accounting The Village follows these procedures in establishing the budgetary data reflected in the financial statements: 1. The Village Manager submits to the Board of Trustees +a 'proposed operating budget for the fiscal year commencing the following May 1. The operating budget includes proposed expenditures and the means of financing them. 2. Budget hearings are conducted. 3. The budget is legally enacted through passage of an ordinance. 4. The budget may be amended by the Board of Trustees. 5. Budgets are adopted on a basis consistent with generally accepted accounting principles (GAAP). Government Funds - Modified Accrual, Proprietary and Pension Trust Funds - Accrual. The level of control (level at which expenditures may not exceed budget) is the Fund. Budget lapses at year end. The Village passed a Supplemental Budget during fiscal 1985. 1 12 ' VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 1. Summary of Significant Accounting Policies (Cont.) D. Budgets and Budgetary Accounting (Cont.) Encumbrance accounting, under which purchase orders, contracts, and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation, is employed. Encumbrances outstanding at year end, if any, are reported as reservations of fund balances since they do not constitute expenditures or liabilities. The following funds adopt annual operating budgets: Fund Budgetary Basis of Accounting General Modified Accrual Special Revenue Municipal Audit Modified Accrual Emergency Services Disaster Modified Accrual Youth Bound Modified Accrual Library Modified Accrual Street and Bridge Modified Accrual Illinois Municipal Retirement Modified Accrual Public Benefit Modified Accrual Federal Revenue Sharing Modified Accrual Motor Fuel Modified Accrual Dial -A -Ride Modified Accrual Debt Service Debt Service Modified Accrual Enterprise Water Accrual Sewerage Accrual Refuse Accrual Commuter Parking Lot Accrual Internal Service Garage Accrual Trust and Agency Police Pension Accrual F 1 I 13 1 1 1 u 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 1. Summary of Significant Accounting Policies (Cont.) E. Assets, Liabilities, and Fund Equity Investments Investments are stated at cost or amortized cost, which approximates market. Inventory Inventory is valued at the lower of cost (first -in, first -out) or market. Inventory is recorded on the basis of a physical count. Advance to Other Funds Noncurrent portions of long-term interfund loans receivable (reported in "Advance to" asset accounts) are equally offset by a fund balance reserve account which indicates that they do not constitute "available spendable resources" since they are not a component of net current assets. Current portions of long-term interfund loans receivable (reported in "Due from" asset accounts) are considered "available spendable resources". Fixed Assets and Long -Term Liabilities The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are determined by its measurement focus. All Governmental Funds and Expendable Trust Funds are accounted for on a spending or "financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance (net current assets) is considered a measure of "available spendable resources." 1 14 ' VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 Summary of Significant Accounting Policies (Cont.) E. Assets, Liabilities, and Fund Equity (Cont.) Fixed Assets and Long -Term Liabilities (Cont.) Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period. Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the General Fixed Assets Account Group, rather than in governmental funds. Public domain ("infrastructure") general fixed assets consisting of certain improvements other than buildings, including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems, are not capitalized along with other general fixed assets. No depreciation has been provided on general fixed assets. All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. Long-term liabilities expected to be financed from. governmental funds are accounted for in the General Long -Term Debt Account Group, not in the governmental funds. The single exception to this general rule is for special assessment bonds, which are accounted for in Special Assessment Funds. The two account groups are not "funds." They are concerned only with the measurement of financial position. They are not involved with measurement of results of operations. Noncurrent portions of long-term receivables due to governmental funds are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered "available.spendable resources" since they do not represent net current assets. Recognition of governmental fund type revenues represented by noncurrent receivables is deferred until they become current receivables. Noncurrent portions of long-term loans receivable are offset by fund balance reserve accounts. The Village does not currently have any noncurrent receivables and related reserves. i7 1 15 I I 1 1 u VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 1. Summary of Significant Accounting Policies (Cont.) E. Assets, Liabilities, and Fund Equity (Cont.) Fixed Assets and Long -Term Liabilities (Cont.) Special reporting treatments are also applied to governmental fund inventories to indicate that they do not represent "available spendable resources", even though they are a component of net current assets. Such amounts are generally offset by fund balance reserve accounts. The Village does not currently have any governmental fund inventories and related reserves. Because of their spending measurement focus, expenditure recognition for governmental fund types is limited to exclude amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the General Long -Term Debt Account Group. All Proprietary Funds and Nonexpendable Trust and Pension Trust Funds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net total assets. Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their operations. Accumulated depreciation is reported on proprietary fund balance sheets. Depreciation has been provided over the estimated useful lives using the straight line method. The estimated useful lives are as follows: Parking Lot Improvements 20 years Water Systems 40 years Equipment 5-10 years F. Revenues, Expenditures, and Expenses Property Tax Revenue Recognition 1984 property taxes attach as an enforceable lien on January 1, 1984. They are levied in September of the subsequent fiscal year (by passage of a Tax Levy Ordinance). Tax bills are prepared by the County and issued on or about March 1, 1985 and August 1, 1985, and are payable in two 16 ' 1. VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 Summary of Significant Accounting Policies (Cont.) F. Revenues, Expenditures, and Expenses (Cont.) Property Tax Revenue Recognition (Cont.) 1 1 installments, on or about June 1, 1985 and on or about September 1, 1985. The County collects such taxes and remits them periodically. Property tax revenues are recognized when they become both measurable and available in accordance with NCGA Interpretation 3. Property taxes receivable which are delinquent more than one year have been written off; subsequent collections of such taxes are reflected as "property taxes - prior" revenue in the period received. Accumulated Unpaid Compensated Absences Village employees are granted vacation pay and sick leave in varying amounts. The Village has calculated the following amounts with respect to accrued vacation pay and sick leave at April 30, 1985: Fund General Corporate $223,639 Street and Bridge 19,684 Water 24,710 Sewerage 24,828 Garage 6,217 $299,078 Accumulated unpaid compensated absences are accrued when incurred in proprietary funds (using the accrual basis of accounting). Such amounts (current portion) are accrued in governmental funds (using the modified ' accrual basis of accounting). The amounts are all considered current by the Village. G. Financial Reporting Comparative Data I Comparative total data for the prior year have been presented in the accompanying financial statements in order to provide an understanding of changes in the Village's financial position and operations. Comparative , total data for the prior year have been restated as necessary in order to provide consistency for comparison purposes. However, comparative (i.e., presentation of prior year totals by fund type) data have not been ' presented in each of the statements since their inclusion would make the statements unduly complex and difficult to read. 1 17 1 1 1 1 1 1 L 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 1. Summary of Significant Accounting Policies (Cont.) G. Financial Reporting (Cont.) Total Columns on Combined Statements - Overview Total columns on the Combined Statements - Overview are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting principles. Neither is such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. Budgetary Data The Village operates under the Budget Act. Authoritative Sources - Financial Reporting The financial statements are presented in accordance with generally accepted accounting principles applicable to state and local governmental units. These basic principles have been promulgated by the National Council on Governmental Accounting, and are detailed in their publications entitled "Governmental Accounting and Financial Reporting Principles - NCGA Statement 1", and subsequent NCGA Statements and Interpretations. The Governmental Accounting Standards Board, successor to the NCGA, has issued GASB Statement 1, which establishes the authoritative status of NCGA Pronouncements and the AICPA Industry Audit Guide, and has issued subsequent authoritative pronouncements. 2. Stewardship, Compliance, and Accountability A. Deficit Fund Balances/Retained Earnings of Individual Funds The following funds had a deficit in fund balance/retained earnings at April 30, 1985: Street and Bridge Illinois Municipal Retirement Special Assessments 3-84 Commuter Parking Lot $ (1,770) (5,415) (76,549) (45,967) 18 ' VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 2. Stewardship, Compliance and Accountability (Cont.) B. Excess of Actual Expenditures/Expenses over Budget in Individual Funds The following funds had an excess of actual expenditures/expenses (ex- clusive of depreciation and amortization) over budget for the year ended April 30, 1985: Fund Excess General $181,344 Street and Bridge 11,576 Public Benefit 8,445 Motor Fuel Tax 22,232 Dial -a -Ride 2,662 Debt Service 30,687 Water 21,621 Garage 1,223 3. Detail Notes on All Funds and Account Groups A. Assets 1. Pooling of Cash and Investments Except for cash and investments in certain restricted and special accounts, the Village pools the cash of various funds to maximize interest earnings. Interest income is allocated to the various funds based upon their respective participation. Investments are stated at cost or amortized cost, which approximates market. 2. Property Taxes (See Note 1, F.) 3. Due from Other Governments - Grants Receivable No amounts are due as of the date of this report. r 7 _J �J 1 19 ' VILLAGE OF DEERFIELD, ILLINOIS ' NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont. A. Assets (Cont.) 4. Fixed Assets a. Changes in General Fixed Assets Balances Balances ' May 1, 1984 Additions Deletions April 30, 1985 Land Building and $1,718,027 $350,000 $155,000 $1,913,027 Improvements 1,237,500 1,237,500 Vehicles 410,619 34,005 21,205 423,419 Equipment 476,386 165,895 642,281 Office Furniture and Equipment 288,815 9,398 298,213 $4,131,347 $559,298 $176,205 $4,514,440 b. Summary of Proprietary Fixed Assets at April 30, 1985 Enterprise ' Commuter Water Sewerage Parking Lot Land $ 77,500 Systems $ 785,215 $5,917,062 Equipment and Vehicles 241,087 190,082 Parking Lot 613,958 $1,026,302 $6,107,144 $691,458 Less Accumulated ' Depreciation 538,234 997,613 182,006 $ 488,068 $5,109,531 $509,452 ' 5. Loans Receivable The Village has advanced funds for the Union Drainage District Number 1 to alleviate emergency flooding conditions. The balance at April 30, 1985 amounted to $185,697 plus interest of $26,130. These receivables are recorded in the Capital Projects Fund. r 20 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 1. Retirement Fund Commitments (Cont.) a. Illinois Municipal Retirement Fund 1) The Village is a participating member of the Illinois Municipal Retirement Fund (IMRF) which covers all of its employees who: a.) occupy a job normally requiring 600 hours or more per year; b.) are paid on a regular payroll from Village funds; c.) were under age sixty when first entering employment; and d.) are not covered by another state created retirement system for the same service. 2) The Illinois Municipal Retirement Fund's (Chicago) actuary estimated that as of December 31, 1984, the present value of currently accrued retirement obligations of the Village was $2,788,231. The Village had accumulated assets of $705,939 on the same date. Therefore, the balance of $2,082,292 remains to be financed by future contributions payable by the municipality on behalf of its present employees. The normal cost portion of the Village's contribution rate is expected to provide $411,984 of this amount and the prior service portion of the rate is expected to provide $1,670,308. The latter amount is consi- dered to be unfunded at this time; it is sometimes referred to as the "actuarial deficiency". As required by Section 7-172, Chapter 108-1/2, Illinois Revised Statutes, contribution rates are fixed at levels, certified by the Fund actuary, sufficient to meet the entire cost of benefit payments ultimately to be made. Actual contributions this year totaled $258,019. This is a statewide plan, administered by IMRF. The Village has no further liability to this plan. L 1 21 L 1_' 1 11 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 1. Retirement Fund Commitments (Cont.) b. Police Pension Fund 1) Chapter 108-1/2, Sections 3-125 and 127 of the Illinois Revised Statutes, provide that municipalities shall establish and maintain a reserve fund of not less than $10,000 for each policeman and each beneficiary; provided that the accumulated reserve shall not exceed the estimated total actuarial requirements of the Fund. In municipalities having less than the actuarial requirements of the Fund, the Board of Trustees of the Fund shall designate the proportionate amount needed annually to insure the accumulation of such actuarial reserve over a 40 year period ending in 2020. The total actuarial requirements at April 30, 1984 (the date of the latest computation) amounted to $3,934,608, as determined by the Illinois Department of Insurance. Net present assets $2,727,367 Unfunded accrued liability 1,207,24.1 Al UIL AnA Actual contributions this year totaled $156,125. This is a single -employer plan administered by the Village. 22 ' VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 1 3. Detail Notes on All Funds and Account Groups (Cont. B. Liabilities (Cont.) 1. Retirement Fund Commitments (Cont.) b. Police Pension Fund (Cont.) 2) Changes in Fund Balance Reserved for Employee Retirement Total Unreserved System Balances - May 1, 1984 $2,727,367 $(1,108,717) $3,836,084 Additions Employer Contributions (Taxes) 156,125 156,125 Employee Contributions 75,750 75,750 Interest 315,417 315,417 Total Balances and Additions $3,274,659 $(1,108,717) $4,383,376 Actuarial Adjustments (Increase) Decrease in Unfunded Accrued Liability - (98,524) 98,524 Total Revised Balances $3,274,659 $0 ,207,241) $4,481,900 Deductions Pension Payments $ 65,912 $ 65,912 Miscellaneous 25 25 Total Deductions $ 65,937 - $ 65,937 Balances - April 30, 1985 $3,208,722 $(1,207,241) $4,415,963 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont. B. Liabilities (Cont.) 1. Retirement Fund Commitments (Cont.) b. Police Pension Fund (Cont.) 3) Tax Levy Requirements Amount necessary to provide the normal cost based on the annual payroll of active participants as of April 30, 1984. Amount necessary to amortize the unfunded accrued liability of $1,207,241 as determined by the State of Illinois Depart- ment of Insurance over the remaining 35.6740 years as contemplated by Section 3-127 of the Illinois Pension Code. Total amount of tax levy necessary to arrive at the annual requirements of the Fund as required in Section 3-125 of the Illinois Pension Code. $110,715 87,755 $198,470 23 24 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 2. Commitments The following contractual commitments existed at April 30, 1985: Expended Required Project Through Future Description Authorization April 30, 1985 Committed Financing Deerfield Road West (Eng) $ 5,914 $ 5,658 $ 256 - Deerfield Road West (Const) 93,386 77,659 15,727 - Storm and Waste- water Study 225,254 197,627 27,627 - McDonald's Traffic Signal (Const) 66,687 62,792 3,895 - 3. Claims and Judgments Liabilities resulting from claims and judgments, if any, have been reflected in the financial statements in accordance with NCGA Statement 4 and SFAS 5 provisions. 4. Lease Obligations No material capital or operating leases existed at April 30, 1985. 25 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 VIId" OF DEERFIELD, ILLINOIS NOMS TO THE FINANCIAL STATEMMS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (font.) B. Liabilities (Cont.) 5. Long -Tern► Debt a. Changes in Long -Term Debt Adjust - Fund Debt Balances merits/ Balances Retired By May 1, 1984 Issuances Retirements April 30, 1985 General Obligation Bonds Sewerage Improvement Bond Series of 1973 Debt Service $ 625,000 $ 75,000 $ 550,000 Sewer Treatment Facility Bond Series of 1973 Debt Service 1,175,000 125,000 1,050,000 Corporate Puffpose Bond Series of 1983 Debt Service 500,000 50,000 450,000 Corporate Purpose Bond Series of 1982 Debt Service 500,000 500,000 Corporate Purpose Bond Series of 1982 A Debt Service 500,000 50,000 450,000 General Obligation Vari able Rate Demand Bond Series A Debt Service $4,100,000 4,100,000 Land Acquisition Bond Series of 1974 Debt Service 150,000 150,000 - $3,450,000 $4,100,000 $450,000 $7,100,000 Installment Contract Eblice Addition Installment Note Debt Service $ 325,000 - $ 20,000 $ 305,000 Public Benefit Public Benefit $ 18,000 - $ 18,000 - Pension Contribution Payable General $ 51,280 $ 42,345 $ 51,280 $ 42,345 Revenue Bonds Water Revenue Bond Series of 1960 Water $ 45,000 $ 5,000 $ 40,000 Water Revenue Bond Series of 1959 Water 165,000 30,000 135,000 $ 210,000 - $ 35,000 $ 175,000 Special Assessment Bonds $ 48,332 $ 54,531 - $ 102,863 26 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 5. Long -Term Debt b. Debt Service Requirements to Maturity ANNUAL PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year General Special Ending Obligation Installment Revenue Assessment April 30 Bonds Contract Bonds Bonds* Total 1986 $ 799,699 $170,088 $ 47,438 $102,863 $1,120,088 1987 967,825 165,385 50,737 1,183,947 1988 962,864 48,826 1,011,690 1989 954,948 46,913 1,001,861 1990 795,025 795,025 1991 768,775 768,775 1992 742,400 742,400 1993 836,650 836,650 1994 599,500 599,500 1995 522,200 522,200 1996 424,000 424,000 1997 408,000 408,000 1998 488,000 488,000 1999 464,000 464,000 2000 440,000 440,000 2001 512,000 512,000 2002 480,000 480,000 2003. 448,000 448,000 2004 416,000 416,000 $12,029,886 $335,473 $193,914 $102,863 $12,662,136 * These bonds are callable and have been allocated to the most current year. 1 27 1 1 1 l VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 5. Long -Term Debt c. Legal Debt Margin The Village is a home rule municipality. Article VII, Section 6(k) of the 1970 Illinois Constitution governs computation of the legal debt margin. "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 500,000 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 amounts." To date the General Assembly has set no limits for home rule municipalities. d. Revenue Bond Ordinance Disclosures 1) Water Fund a) The ordinance authorizing the issuance of the Water Revenue Bond Series of 1959 and the subsequent Water Revenue Bond Issue of 1960 provided for the creation of separate accounts designated as "Operations and Maintenance Account," "Principal and Interest Account," "Depreciation Account," "Bond Reserve Account," "Surplus Account," "Improvement and Extension Account," and "Bond Redemption Account" into which accounts there shall be credited as of the first day of each month except as hereinafter provided for the Improvement and Extension Account and the Bond Redemption Account, all monies of the system in accordance with the following priority. Operation and Maintenance Account - An amount sufficient to cover the estimated operating and maintenance expense of the water system for the current month. 1 28 VILLAGE OF DEERFIELD, ILLINOIS ' NOTES TO THE FINANCIAL STATEMENTS , APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) ' B. Liabilities (Cont.) ' 5. Long -Term Debt (Cont.) d._ Revenue Bond Ordinance Disclosures (Cont.) ' 1) Water Fund (Cont.) a) (Cont.) ' Bond Principal and Interest Account - an amount at least , equal to the sum of one -sixth of the interest becoming due on the next interest payment date, and one -twelfth of the aggregate yearly amount of principal due on the next principal maturity date. , Depreciation Account - the sum of $250 each month until such account aggregates the sum of $15,000. Funds ' accumulated shall be used for replacements or unusual repairs for which funds are not otherwise available. Bond Reserve Account - an amount of $950 each month until , such account aggregates the sum of $52,000. Funds accumulated shall be used for the payment of bond principal and interest, should the amount available in the bond ' principal and interest account be insufficient to meet the payments when due. Surplus Account - any monies remaining each month after ' providing for the credits to the above listed accounts shall be credited to the surplus account. At the end of each fiscal year, funds in this account shall be used to ' make up deficiencies in the prior accounts, 50% of the remaining 'amounts be transferred to an Improvement and Extension Account accumulated up to a maximum of $100,000, and all money then remaining in the surplus account may be ' used for the following purposes.: A. Create a Bond Redemption Account ' B. Accelerate the accumulation of funds in aforementioned accounts , C. Used for any lawful corporate purpose 1 L ' 29 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 ' 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) ' S. Long -Term Debt (Cont.) d. Revenue Bond Ordinance Disclosures (Cont.) 1) Waterworks and Sewerage Fund (Cont.) ' b) Supplemental information required under bond ordinance provisions, not subject to audit: Metered Customers 5,546 Unmetered Customers 0 Hydrants 732 Gallons Pumped 865,824,112 ' Gallons Billed 776,077,676 Connecting Properties 5,505 6. Industrial Revenue Bonds The Village entered into agreements with Chi-Chi's, Inc., Teradyne, Inc., and Industrialplex Limited Partnership in which the Village has authorized the issuance of Industrial Revenue bonds in the following amounts: Chi-Chi's, Inc. $1,615,000 Trustee - The Citizens Fidelity Bank and Trust of Kentucky Teradyne, Inc. $1,000,000 Trustee - State Bank and Trust of Boston ' Industrialplex Limited Partnership $4,500,000 Trustee - American National Bank and Trust Company of Chicago The Village has no liability under these bond issues. 7. General Obligation Variable Rate Demand Bonds The Village issued $4,100,000 of General Obligation Variable Rate Demand Bonds. These bonds have been reported as General Long -Term Debt under the provisions of Governmental Accounting Standards Board Interpretation No. 1 - "Demand Bonds issued by State and Local ' Governmental Entities." 1 30 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont. C. Interfund Receivables and Payables General General Street and Bridge Illinois Municipal Retirement Debt Service Capital Improvements Capital Projects Special Assessment Garage Water Sewer Deposit Total General Special Revenue Municipal Audit Street and Bridge Illinois Municipal Retirement Capital Improvements Emergency Services Disaster Street and Bridge Refuse Youthbound Garage Library Street and Bridge Illinois Municipal Retirement Debt Service Police Pension Street and Bridge General Municipal Audit Emergency Services Disaster Library Public Benefit Debt Service Due From $ 22,000 6,251 56,770 46,742 129 6,820 1,668 $140,380 $ 1,360 $ 1,360 $ 7,744 $ 7,744 $ 1,485 72 144 418 2,460 842 'Due To $ 1,485 44,018 2,213 $47,716 $ 72 786 $ 858 $ 144 1,998 $ 2,142 $ 782 $ 418 1,081 317 $ 1,816 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) C. Interfund Receivables and Payables (Cont.) Due Due From To Special Revenue (Cont.) Street and Bridge (Cont.) Commuter Parking Lot $ 20,000 Garage $ 4,684 Deposit 3,851 $ 29,272 $ 4,684 Illinois Municipal Retirement General $ 22,000 Municipal Audit $ 786 Library 1,081 Debt Service 1,384 $ 3,251 22,000 Public Benefit Street and Bridge $ 2,460 Special Assessment $ 10,000 $ 10,000 $ 2,460 Total Special Revenue $ 51,627 $ 34,742 Debt Service Debt Service General $ 6,251 Library 7,744 Street and Bridge 842 Illinois Municipal Retirement 1,384 Refuse 2,014 Police Pension 3,357 Total Debt Service - $ 21,592 Capital Projects Capital Improvements General $ 56,770 Municipal Audit 1$60 - $ 58,130 Capital Projects General - $ 46,742 Total Capital Projects - $104,872 Special Assessment Special Assessment General $ 44,018 Public Benefit $ 10,000 Total Special Assessment $ 44,018 $ 10,000 31 32 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) C. Interfund Receivables and Payables (Cont.) Due Due From To Enterprise Water General $ 129 Garage 2,087 - $ 2,216 Sewer General $ 6,820 Garage 2,752 Refuse 748 - $ 10,320 Refuse Emergency Service $ 1,998 Debt Service 2,014 Sewer 748 Police Pension $ 144 $ 4,760 $ 144 Commuter Parking Lot Street - $ 20,000 Total Enterprise $ 4,760 $ 32,680 Internal Service Garage General $ 2,213 Youthbound 782 Street 4,684 Water 2„087 Sewer 2,752 Total Internal Service $ 12,518 - Trust and Agency Police Pension Library $ 317 Debt Service 3,357 Refuse 144 $ 3,818 - Deposit General $ 1,668 Street 3,851 - $ 5,519 Total Trust and Agency $ 3,818 $ 5,519 Total All Funds $257,121 $257,121 33 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 3. Detail Notes on All Funds and Account Groups (Cont.) D. Fund Equity (Cont.) 1. Reservation of Retained Earnings Retained Earnings - Reserved - Restricted Accounts represents amounts required to be segregated by bond ordinance provisions. 2. Reservation of Fund Balance Reserves are used to segregate portions of fund balances which are either legally restricted for specific purposes or not "available spendable resources". 3. Unreserved Fund Balance - Designated Designations represent portions of Unreserved Fund Balance segregated to indicate tentative plans for financial resource utilization in a future period. 4. Prior Period Adjustments to Fund Balances/Retained Earnings Debt Service Fund To Correct an error in the recording of prior period Interest Payable $ 42,669 Special Assessment To Correct an error in the recording of prior period Bonds and Vouchers Payable $(95,314) 1 1 34 , VIZIAm OF DEERFIE D, ILLINOIS NOTES TO THE FINANCIAL STATEM S APRIL 30, 1985 4. Segment Information for Gartain Individual Enterprise Funds The Village maintains 4 Enterprise FTmds which ,provide water, sewerage, refuse and parking services. Segment information for the year ended April 30, 1985 is as follows: r�Commuter ' Tester Sewerage Refuse Parking lot Fund Fund Fund Fund Total Operating Revenues $1,277,901 795,003 $ 433,645 $ 62,599 $2,56 9,14 8 Depreciation, Depletion, and Amortization Expense 39,557 195,892 30,698 266,147 Operating Income or (loss) 234,178 (150,631) (344,743) 7,436 (253,760) Operating Transfers Out (20,000) (20,000) Tax Revenues 364,382 364,382 Net Income (Loss) 253,376 (98,346) 36,333 (12,.564) 178,799 Plant, Property and Equipment Additions 65,871 50,246 116,117 Deletions - 18,390 18,390 Total Assets 1,218,340 5,854,570 485,409 604,121 8,162,440 Net Gbrking Capital 554,280 539,795 420,226 70,821 1,585,122 Bonds and Other Long -Tern Liabilities Payable fran Operating Revenues 175,000 175,000 Total Equity 956,056 5,765,671 420,226 580,273 7,72 2,226 1 35 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1985 5. Related Entities A. Joint Ventures The Village of Deerfield does not participate in any Joint Ventures as defined in National Council on Governmental Accounting (NCGA) Statement 7, "Financial Reporting for Component Units within the Governmental Reporting Entity", paragraphs 27 through 29, adopted on January 12, 1984. B. Related Party Transactions No material related party transactions existed during the fiscal year. 6. Significant Contingencies g g A. Litigation There are several pending lawsuits in which the Village is involved. The Village Attorney estimated that the potential claims against the. Village not not covered by insurance resulting from such litigation would not materially affect the financial statements of the Village. B. Contingent Liabilities The Village participates in a number of federally assisted grant programs, principal of which is the Federal Revenue Sharing Program. These programs are subject to program compliance audits by the grantors or their representatives. The audits of these programs for or including the year ended April 30, 1985 have not yet been conducted. Accordingly, the Village's compliance with applicable grant requirements will be established at some future date. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time although the Village expects such amounts, if any, to be immaterial. 1 1 n 1 1 Ll I 1 I I 1 GOVERNMENTAL FUND TYPES 1 Fl n I I I I 1 q a GENERAL FUND n Fund Description General Fund The General Fund, also referred to as the Corporate Fund, is used to account for resources traditionally associated with governmental services not required to be accounted for in another fund. I 1 PI P 11 fl 1 W. 1 I VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND BALANCE SHEET APRIL 30, 1985 ASSETS Cash and Investments Receivables Property Taxes - Current - (Net) Accrued Interest Fludstrom Construction Due from Other Governments Sales Tax State Income Tax Court Fines Due from Other Funds Other Assets Total Assets LIABILITIES AND FUND BALANCE Liabilities Totals 1985 1984 $2,308,177 396,287 29,162 101,043 43,958 35,203 140,380 27,479 cz nQ1 920 $1,638,842 394,306 53,390 255,140 105,055 46,779 17,765 36,535 81,306 cq aqo 1QQ Accounts Payable $ 58,417 $ 117,956 Accrued Payroll 18,674 10,105 Compensated Absences Payable 223,639 186,945 Due to Other Funds 47,716 49,540 Other Payables 14,891 59,875 Deferred Property Taxes 420,000 420,000 Deferred Revenue - Other 255,410 Total Liabilities $ 783,337 $1,099 831 Fund Balance (Page 37) 2,298,352 1,529,357 Total Liabilities and Fund Balance $3.081.689 $2.629.188 See accompanying Notes to the Financial Statements. I 37 1 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Revenues (Page 38) Expenditures (Page 39-41) Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources (Uses) Other Financial Sources (Uses) Operating Transfers In (Out) Youth Bound Fund Street and Bridge Fund Dial -A -Ride Fund Pension Debt Retirement Excess of Revenues and Other Sources over Expenditures and Other Uses Fund Balance May 1 April 30 (Page 36) 1985 Budget Actual $2,858,500 $3,845,420 1984 Actual $2,937,572 2,880,146 3,061,490 2,470,249 $ (21,646) $ 783,930 $ 467,323 $ (4,000) $ (4,000) $ (4,000) 33,000 33,000 (2,000) (2,000) (2,000) (8,935) $ 27,000 $ 14,935) $ 27,000 $ 5,354 $ 768,995 $ 494,323 See accompanying Notes to the Financial Statements. 1,529,357 1,035,034 $2,298,352 $1,529,357 1 1, 1 38 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF REVENUES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Taxes Property Taxes - General - Current - (Net) Sales Tax Income Tax Licenses and Permits Beer/Liquor Licenses Food Licenses Other Business Licenses Building Permits Animal Licenses Non -Business Licenses and Permits Intergovernmental State Grants Charges for Services Special Police Services Transfer Charges Engineering Charges Fines and Forfeits Miscellaneous False Alarms Sale of Materials Sale of Land Rentals Interest Miscellaneous Franchise Fees Budget Actual $ 420,000 $ 426,312 1,470,000 1,505,081 350,000 399,563 $2,240,000 $2,330,956 $ 31,000 $ 30,250 3,000 3,543 9,000 6,620 70,000 148,462 7,500 6,268 20,000 25,561 $ 140,500 $ 220,704 $ 10,000 $ 8,587 $ 40,000 $ 35,107 36,000 36,000 20,000 3,332 $ 96,000 $ 74,439 $ 140,000 $ 310,152 $ 24,660 $ 2,000 2,165 487,798 5,886 140,000 250,241 30,000 42,873 60,000 86,959 $ 232,000 $ 900,582 $2,858,500 $3,845,420 39 1 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 General Government Administration Department Salaries Overtime Part -Time Employee Benefits Professional Services Travel, Training and Dues Printing and Advertising Communications Insurance Contractual Services Utility Services Motor Vehicle Maintenance Repairs and Maintenance Equipment Rental Miscellaneous Supplies Motor Vehicle Supplies Dog Pound Housing Assistance Apparel Equipment Land Acquisition Advisory Boards Motor Vehicles Total General Government Budget $518,320 4,703 65,835 47,000 105,000 13,000 11,000 30,000 20,000 26,500 3,000 4,000 32,000 500 9,000 23,000 2,000 5,000 15,000 300 15,000 5,500 10,000 10,000 $975,658 Actual $ 517,326 6,704 55,159 49,235 113,465 12,487 9,572 16,110 16,094 31,654 678 7,489 27,.545 10,649 19,397 2,971 3,947 8,251 267 14,483 343,205 5,429 9,835 $1,281,952 F 1 r� t 1 1 1 �1 I I' 40 17 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Public Safety Police Department Administrative Service Salaries $312,322 $317,289 Overtime 5,225 1,480 Part -Time 20,313 15,446 Employee Benefits Professional Services 23,646 2,950 24,168 250 Travel, Training and Dues 4,960 4,808 Printing and Advertising 8,675 3,760 Communications 18,500 23,.552 Insurance 40,000 55,623 Contractual Services 32,461 16,4.50 Motor Vehicle Maintenance 1,600 1,009 Repairs and Maintenance 4,000 .5,349 Supplies 8,500 10;614 Motor Vehicle Supplies 1,800 725 Apparel 3,750 2,678 Equipment 48,225 5,627 Advisory Boards 7,900 .5,226 $544,827 $494,054 Investigations Salaries Overtime $ 97,276 12,582 $ 97,509 5,367 Employee Benefits 6,948 7,542 Travel, Training and Dues 1,200 125 Contractual Services 11,959 12,770 Motor Vehicle Maintenance 2,000 2,426 Repairs and Maintenance 500 71 Supplies 3,500 3,346 Motor Vehicle Supplies 1,500 664 Apparel 1,200 1,054 Equipment 250 $138,915 260 $131,134 Patrol ' Salaries $778,986 $764,426 Overtime 41,800 43,223 Part -Time 43,280 36,255 Employee Benefits 59,906 _q 55,442 Travel, Training and Dues 18,539 9,672 t 41 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL .FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Public Safety (Cont.) Police Department (Cont.) Patrol (Cont.) Motor Vehicle Maintenance' $ 15,630 $ 14,864 Repairs and Maintenance 1,600 1,186 Supplies 7,441 7,122 Motor Vehicle Supplies 24,904 21,719 Apparel 12,150 10,427 Equipment Motor Vehicles 12,000 7,200 15,988 8,003 $1,023,436 $ 988,327 Special Services Salaries $ 37,611 $ 19,459 Youth Services Salaries $ 121,820 $ 121,737 Over 6,270 1,969 Employee Benefits 10,484 8,392 , Travel, Training and Dues 2,633 115 Motor Vehicle Maintenance 2,000 729 Repairs and Maintenance 500 35 Supplies 500 639 Motor Vehicle Supplies 2,000 1,781 Apparel 800 440 Equipment 500 300 Motor Vehicles 7,000 6,000 $ 154,507 $ 142,137 Bicycle Safety Program Salaries $ 4,974 $ 4,102 Repairs and Maintenance 75 112 Apparel 143 141 Benefits 72 $ 5,192 $ 4,427 Total Public Safety $1,904,488 $1,779,538 Total Expenditures $2,880,146 $3,061,490 I 1 t� I 1 SPECIAL REVENUE FUNDS IFund Descriptions Municipal Audit Fund The Municipal Audit is an independent, outside audit conducted by a firm engaged by the Mayor and Board of Trustees on an annual basis as required by State law. These are earmarked funds that can only be expended for audit purposes. Emergency Services and Disaster Agency Fund The Emergency Services and Disaster Agency supersedes the Civil Defense Agency and now basically relates to natural disasters caused by floods and tornadoes. The Agency also prepares a plan of action to be taken if man-made disasters occur. Youthbound Fund The Youthbound Fund accounts for the revenues collected and the expenditures incurred /j for this unique and very successful youth project of the Deerfield Police Department. Library Fund The Library Fund is used to account for the resources necessary to provide the t, educational, cultural and recreational, activities of the Deerfield Public Library. Street and Bridge Fund The Street and Bridge Fund accounts for the revenues and resources used in main- taining approximately 70 iRles of street and the Railroad Station in the Village of Deerfield. Illinois Municipal Retirement Fund ' The Illinois Municipal Retirement Fund is used to account for the revenues and expenditures associated with providing disability and pension benefits for Deerfield 1 employees. This fund also provides the employer with a portion of F.I.C.A. Contributions. Public Benefit Fund The Public Benefit portion of local improvements installed under the special assessment procedure of financing is paid from this fund. 11 Fund Descriptions Federal Revenue Sharing Fund The Federal Revenue Sharing Fund provides accountability for Federal Revenue Sharing revenues received under Title I of the State and Local Fiscal Assistance Act of 1972. Motor Fuel Tax Fund The Motor Fuel Tax Fund is used to account for the activities involved with street maintenance and construction. Financing is provided by the Village's share of State gasoline taxes. State law required these gasoline taxes to be used for the following purposes: (1) Street construction or reconstruction to improve traffic capacity; (2) Installation of traffic signs, signals, and con- trols; (3) Sidewalk repair and replacement; and (4) The public benefit share of new street improvements when certain criteria are met in connection with a special assessment project. Dial -A -Ride Fund The Dial -A -Ride Fund is a Taxi Subsidy Program established for senior citi- zens and the handicapped.. 1 42 1 I I 1 L L I 1 ai 10 �O �D n 8 01 � 1 •--� cn O N 01 +P �O7 pNp 0 00I O O � ppNp �9 u N N O� - — u�•� 'o 'O n pVpNp1 N 0'~0 � co en v~1 N~ M O N O � .•y K of � N N � 6i I III Im coII II In f+l N1 cn aII �� ��� .yp N p p p •"Q CL O� O � N .�-i � � O 8 00 .fir � •�-' ••ul .� S '^ n � � N N N N�OI vl VNoo Oppp M 00 N cn n 'OD O 8 O 1+nll w d N N N Invl n + GG 1tl .Y cn 39 III Ir-I rz �II Qmp (�r� IND yT O J I N�I N vl�l I III 6 NQ Vr N VY �p pp WW N a0 co �l1 .7 T 1 at O .rl �II N ~ICI �I III N 41 v � u p, s cu 92 a 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 G7 w '''gQgQqQpp� m (D s w r n m Q m a fie W ,;'g�-a , 0: gs wV a n Cn r ppprrrpppyyy �° O !D f7 prj R fV '(�5ys~7 6r1 f�0 (n �'1 w y N .. a M m M III I- III I- i-I rcoi 00 r I-� ICI i Pw Id � 110 .91 In N W W OD OD Q V N 'D N V l0 V I V F F N �O lJ� W V in 41gypp.. N H ^ Oo O O O O N 100000 o 00 co w W O� INJI lN/l �O L.ONO IIw I� III I Ico I Iri W ram-• � N .�-. N N N r N ppP� �Fp pp�p pp�p O I O p� 40 W O� W OHO OHO 10 � w r F N N i/f iA iA I'aikw ODN w y liz� 14,41N co 47, O� N O� W v�i N W �O N •V-• Oo OD co T F V a,OD Q t�Jl N N co Opp in in iA N iA i/) _ N Vf N r N �-•' Np F pWp (pO�p pWp p ip O8� F �O F V F N A Op, O V W W 00 00 O ��-• tVi� N W In N O N N N 00 N �O rip Nr OD aOp O,p�D [r r 5� O V 1 1 f 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS MUNICIPAL AUDIT FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30. 1985 Revenues Property Taxes - Current - (Net) Property Taxes - Prior Expenditures Contractual Excess of Revenues over Expenditures Fund Balance May 1 April 30 1985 Budget $11,500 $11,500 11,500 See accompanying Notes to the Financial Statements. 0 1984 Actual Actual $11,136 $ 10,500 1,224 $11,136 $ 11,724 9,000 10,400 $ 2,136 $ 1,324 7,834 $ 9,970 6,510 $ 7,834 45 VILLAGE OF DEERFIELD, ILLINOIS EMERGENCY SERVICES DISASTER FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Revenues Property Taxes - Current - (Net) Property Taxes - Prior Expenditures Travel, Training and Dues Communications Insurance Contractual Utility Services Motor Vehicle Maintenance Motor Vehicle Supplies Repairs and Maintenance Supplies Equipment Housing Fees Excess of Revenues over Expenditures Fund Balance May 1 April 30 1985 1984 Budget Actual Actual $5,000 $ 5,078 $ 5,000 1,888 $5,000 $ 5,078 $ 6,888 $ 600 $ 582 $ 500 400 1,334 640 600 490 283 300 100 90 73 1,000 324 415 200 47 500 388 188 600 327 327 700 402 533 $5,000 $ 3,984 $ 2,959 See accompanying Notes to the Financial Statements. $ 1,094 $ 3,929 14,775 10,846 $15,869 $14,775 46 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 VILLAGE OF DEERFIELD, ILLINOIS YOUTH BOUND FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Revenues Project Income Expenditures Salaries Benefits Travel, Training and Dues Insurance Motor Vehicle Maintenance Motor Vehicle Supplies Repairs and Maintenance Supplies Lodgings Equipment Communications Contractual Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources Other Financing Sources Operating Transfers In Excess of Revenues and Other Sources over Expenditures Fund Balance May 1 April 30 1985 1984 Budget Actual Actual $14,700 $ 4,310 $11,163 $ 1,900 100 480 $ 336 $ 609 460 619 402 1,500 1,454 1,871 -1,650 518 1,422 100 187 6,900 1,261 5,923 1,500 1,687 200 216 540 1,766 1,045 2,800 150 $16,630 $ 7,641 $13,325 $0 ,930) $(3,331) $(2,162) 4,000 4,000 4,000 $ 2,070 $ 669 $ 1,838 See accompanying Notes to the Financial Statements. 6,517 4,679 $ 7,186 $ 6,517 47 VILLAGE OF DEERFIELD, ILLINOIS LIBRARY FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30. 1985 Revenues Property Taxes - Current - (Net) Replacement Tax Grants Non -Resident Fees Fees, Fines, Penalties Gifts Reciprocal Borrowing Xerox Interest Monies Allocated Expenditures (See Page 48) Excess of Revenues over Expenditures Fund Balance May 1 April 30 1985 1984 Budget Actual Actual $579,020 $587,720 $585,925 11,000 15,046 7,308 5,000 9,314 9,166 6,000 7,820 8,148 22,143 34,432 27,843 500 3,572 1,029 3,000 2,032 20,000 20,271 20,116 10,000 41,215 28,205 260,350 $917,013 $721,422 $687,740 917,013 688,145 554,404 - $ 33,277 $133,336 See accompanying Notes to the Financial Statements. 352,493 219,157 $385,770 $352,493 H 48 1 .1 1 P, 1 1 VILLAGE OF DEERFIELD, ILLINOIS LIBRARY FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Salaries - Professional $147,954 $144,709 Salaries - Non -Professional 219,180 208,464 Employee Benefits 13,877 13,929 Professional Services 6,500 901 Education, Travel and Dues 4,000 4,171 Communication 9,500 5,146 Insurance 6,000 4,949 Contractual Services 13,000 11,775 Utilities 500 368 Repairs, Maintenance of Building and Equipment Building Supplies 39,500 18,768 Carpet 40,000 Supplies - Library and Office 17,000 16,680 Books 90,000 60,221 Periodicals 18,000 19,712 Audio -Visual 11,000 11,957 Binding 1,300 682 Special Library Programs 2,300 2,213 Data Base 2,500 847 New Equipment 28,000 5,579 Computer Service 1,400 1,473 Cataloging Service 23,000 12,676 Miscellaneous 400 1,327 Automation Project 187,102 141,598 Roof 35,000 $917,013 $688,145 49 VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND ' STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 1985 1984 Budget Actual Actual Revenues Property Taxes - Current.- (Net) $220,000 $170,163 $160,000 Property Taxes - Prior 8,000 10,797 Vehicle Licenses 255,000 258,884 256,426 Other Taxes 140,000 140,000 117,000 State Highway Maintenance 15,500 15,884 18,613 , 50/50 Sidewalk and Curb 20,000 13,553 15,824 Miscellaneous 5,000 5,858 7,520 Train Station Maintenance 1,500 1,500 Interest 10,000 9,346 10,489 , $675,000 $615,188 $596,669 Expenditures - Public Works (Pages 50-54) Administration $ 74,674 $ 85,679 $ 68,947 Cleaning 27,413 26,753 27,014 Traffic Marking 41,650 36,438 40,803 Pavement Patching 91,742 97,834 86,948 Tarring Cracks 43,319 36,626 40,143 Drainage Structure 14,020 15,435 13,666 Street Lights and Traffic Signals 84,545 102,948 86,322 Miscellaneous Maintenance 72,231 71,202 53,893 ' Snow and Ice Control 122,818 138,067 107,764 Weed Control Leaf Removal 13,640 10,900 9,260 8,403 10,016 15,625 Tree Removal 23,980 14,479 18,078 Tree Planting 23,361 13,090 5,530 Railroad Station Maintenance 19,499 19,154 12,544 $663,792 $675,368 $587,293 Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources (Uses) $ 11,208 $(60,180) $ 9,376 Other Financing Sources (Uses) Operating Transfers In (Out) Parking Lot Fund 20,000 20,000 20,000 General Fund (33,000) (33,000) Excess (Deficiency) of Revenues and Other Sources $ (1,792) $(40,180) $ (3,624) over Expenditures and Other Uses Fund Balance May 1 38,410 42,034 April 30 $ (1,770) $ 38,410 See accompanying Notes to the Financial Statements. 1 50 VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Public Works Administration Salaries $28,946 $34,335 Overtime 418 2,940 ' Employee Benefits 1,910 3,505 Professional Services 1,800 Travel, Training and Dues 800 730 Printing and Advertising 4,400 2,279 ' Communications 3,500 2,380 Insurance 20,000 21,220 ' Motor Vehicle Maintenance Miscellaneous 2,000 1,000 4,339 2,284 Supplies 1,500 3,912 Motor Vehicle Supplies 1,200 1,543 Apparel 1,100 1,175 Repairs and Maintenance 1,350 1,•932 Contractual 750 244 Small Tools and Equipment 4,000 2,861 $74,674 $85,679 Cleaning Salaries $10,450 $10,077 Overtime 313 1,011 Employee Benefits 1,150 995 Small Tools and Equipment 500 374 Contractual 3,000 2,605 Motor Vehicle Maintenance 4,000 1,344 Repairs and Maintenance 5,000 8,074 Equipment Rental 500 Motor Vehicle Supplies 1,500 1,707 Supplies Street Signs 1,000 540 26 $27,413 $26,753 Traffic Marking ' Salaries $12,644 $ 6,892 Overtime 366 280 Part -Time 2,090 2,107 ' Employee Benefits 1,150 626 Motor Vehicle Maintenance 1,000 Repairs and Maintenance 800 1,336 Motor Vehicle Supplies 600 190 Materials 2,000 1,942 Street Signs 6,500 10,274 ' Contractual 12,000 10,834 Small Tools and Equipment 2,500 1,957 $41,650 $36,438 51 1 VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Public Works (Cont.) Budget Actual ' Pavement Patching Salaries Overtime $28,946 1,776 $35,753 448 , Employee Benefits 2,920 3,957 Motor Vehicle Maintenance 5,000 3,409 Repairs and Maintenance 5,500 2,507 Supplies 600 100 Motor Vehicle Supplies 2,000 2,608 Aggregates 30,000 34,217 Materials 2,000 2,296 , Equipment 5,000 4,600 Motor Vehicles 8,000 7,939 $91,742 $97,834 Tarring Cracks Salaries $15,988 $14,828 Overtime 941 65 Part -Time 2,090 2,053 Employee Benefits 1,700 1,374 Motor Vehicle Maintenance 1,400 584 ' Repairs and Maintenance 1,200 958 Motor Vehicle Supplies 2,000 2,652 Aggregates 500 83 Materials 15,000 12,027 Equipment Rental 2,500 2,002 $43,319 $36,626 Drainage Structures Salaries Overtime $ 5,225 575 $ 7,363 27 , Employee Benefits 620 776 Motor Vehicle Maintenance 2,000 1,681 Repairs and Maintenance 2,300 25 Motor Vehicle Supplies 300 177 , Aggregates 1,000 1,712 Materials 2,000 3,674 $14,020 $15,435 , Street Lights and Traffic Signals Salaries $ 5,539 $11,477 Overtime 836 513 Employee Benefits 620 748 I Il 52 VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Public Works (Cont.) Street Lights and Traffic Signals (Cont.) ' Contractual Utility Services $ 23,000 40,000 $ 18,979 54,682 Motor Vehicle Maintenance 1,500 4,191 Repairs and Maintenance 1,000 525 Equipment Rental 1,000 143 Motor Vehicle Supplies 750 1,087 Aggregates 300 117 ' Materials 10,000 $ 84,545 10,486 $102,948 Miscellaneous Maintenance Salaries $ 5,539 $ 5,212 Overtime 522 814 Employee Benefits 620 443 Contractual 55,700 54,915 1 Motor Vehicle Maintenance 850 1,624 Repairs and Maintenance 2,500 2,219 Small Tools and Equipment Miscellaneous 300 500 386 688 Motor Vehicle Supplies 500 967 Aggregates 1,000 144 Materials 2,200 3,790 Equipment Rental 2,000 $ 72,231 $ 71,202 Snow and Ice Control Salaries $ 30,096 $ 17,235 Overtime 8,882 18,780 ' Employee Benefits 2,290 2,237 Communications 650 Motor Vehicle Maintenance 6,000 14,688 Repairs and Maintenance 11,000 21,207 ' Equipment Rental 1,000 200 Supplies 2,000 874 Motor Vehicle Supplies 5,300 4,340 Salt 35,000 41,671 Aggregates 4,000 3,306 Materials 2,000 242 ' Equipment 5,100 4,885 Motor Vehicles 9,500 8,402 $122,818 $138,067 53 VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Public Works (Cont.) Weed Control Salaries $ 5,225 $0 ,323) Overtime 105 22 Part -Time 2,090 2,086 Employee Benefits 620 43 Motor Vehicle Maintenance 1,000 188 Repairs and Maintenance 1,500 3,997 Motor Vehicle Supplies 700 580 Materials 2,000 3,269 Equipment 400 398 $13,640 $ 9,260 Leaf Removal Salaries $ 5,539 $ 3,928 Overtime 941 180 Employee Benefits 620 397 Motor Vehicle Maintenance 1,000 1,217 Repairs and Maintenance 2,500 2,307 Motor Vehicle Supplies 300 374 $10,900 $ 8,403 Tree Removal Salaries $ 5,539 $ 4,408 Overtime 627 281 Part -Time 3,344 3,323 Employee Benefits 620 258 Contractual 9,000 3,727 Motor Vehicle Maintenance 450 140 Repairs and Maintenance 500 613 Motor Vehicle Supplies 400 Materials 2,200 984 Equipment Rental 500 Equipment 800 745 $23,980 $14,479 Tree Planting Salaries $ 5,225 $ 6,515 Overtime 366 Employee Benefits 620 205 Contractual 15,200 4,280 Motor Vehicle Maintenance 450 602 Repairs and Maintenance 300 Motor Vehicle Supplies 700 421 Materials 500 1,067 $23,361 $13,090 54 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Public Works (Cont.) Railroad Station Maintenance Salaries $ 5,539 $ 4,605 Overtime 836 504 Part -Time 2,404 2,375 Employee Benefits 620 267 Repairs and Maintenance 2,000 2,223 Supplies 1,500 4,071 Materials 400 2,086 Contractual 3,500 2,883 Utility Service 2,200 Aggregates 500 140 $ 19,499 $ 19,154 Total Expenditures $663,792 $675,368 55 VILLAGE OF DEERFIELD, ILLINOIS ILLINOIS MUNICIPAL RETIREMENT FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Revenues Property Taxes - Current - (Net) Property Taxes - Prior Replacement Taxes Interest Earnings Expenditures Illinois Municipal Retirement Payments - Employer Excess (Deficiency) of Revenues over Expenditures Fund Balance May 1 April 30 1985 Budget Actual 1984 Actual $26.5,000 $233,152 $225,000 2,715 7,000 6,230 4,971 6,000 18,637 6,589 $278,000 $258,019 $239,275 275,000 261,325 238,595 $ 3,000 $ (3,306) $ 680 See accompanying Notes to the Financial Statements. (2,109) $ (5,415) (2,789) $ (2,109) 56 t 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS PUBLIC BENEFIT FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 1985 1984 Budget Actual Actual Revenues Property Taxes - Current - (Net) $10,000 $10,143 $10,000 Property Taxes - Prior 1,670 $10,000 $10,143 $11,670 Expenditures Contractual 10,500 18,945 12,422 Excess (Deficiency) of Revenues over Expenditures $ (500) $(8,802) $ (752) Fund Balance May 1 70,075 70,827 April 30 $61,273 $70,075 See accompanying Notes to the Financial Statements. 57 VILLAGE OF DEERFIELD, ILLINOIS FEDERAL REVENUE SHARING FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Revenues Entitlements Interest Expenditures Excess of Revenues over Expenditures before Other Financing (Uses) Other Financing (Uses) Operating Transfer (Out) Debt Service Fund Excess (Deficiency) of Revenues over Expenditures and Other Uses 1985 1984 Budget Actual Actual $ 80,000 $ 79,314 $ 76,253 12,000 31,681 21,075 $ 92,000 $ 110,995 $ 97,328 $ 92,000 $ 110,995 $ 97,328 (166,000) (165,088) (46,788) $ (74,000) $ (54,093) $ 50,540 Fund Balance May 1 226,606 176,066 April 30 $ 172,513 $226,606 See accompanying Notes to the Financial Statements. 58 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Revenues Allotments Earned $245,000 Interest 15,000 Other 93,953 $353,953 Expenditures Street Maintenance $150,000 Street Resurfacing and Renovation Program 65,000 Reconstruction Wilmont Road - Lake Cook to Deerfield Other - Resurfacing Deerfield Road $215,000 Excess (Deficiency) of Revenues over Expenditures $138,953 Fund Balance May 1 April 30 See accompanying Notes to the Financial Statements. 1985 Actual 1984 Actual $278,503 $ 251,850 17,834 16,046 16,429 141,830 $312,766 $ 409,726 $195,776 $ 179,647 16,183 276,245 25,273 71,246 $237,232 $ 527,138 $ 75,534 $0 17,412) 153,406 270,818 $228,940 $ 153,406 59 VILLAGE OF DEERFIELD, ILLINOIS DIAL -A -RIDE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 1985 1984 Budget Actual Actual Revenues Village Contribution - - $2,339 Expenditures Transportation Expense $ 2,000 $ 4,662 3,335 Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources $(2,000) $(4,662) $ (996) Other Financing Sources Operating Transfer In General Fund 2,000 2,000 2,000 Excess (Deficiency) of Revenues and Other Sources over Expenditures - $(2,662) $1,004 Fund Balance May 1 6,140 5,136 April 30 $ 3,478 $6,140 See accompanying Notes to the Financial Statements. 1 1 1 I I 1 11 DEBT SERVICE FUNDS 1 Fund Description Debt Service Fund The Debt Service Fund is used to account for the accumulation of resources for the payment of General Long -Term Debt. �I 60 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS DEBT SERVICE FUND BALANCE SHEET APRIL 30, 1985 1985 1984 ASSETS Cash and Investments $ 992,556 $ 352,372 Cash with Fiscal Agent 205,905 Receivables Property Taxes — Current — (Net) 511,529 449,141 Accrued Interest 27,570 20,196. Due from Other Funds 178,375 Total Assets $1,737,560 $1,000,084 LIABILITIES AND FUND BALANCES Liabilities Notes Payable $ 5,000 Interest Payable 39,100 $ 90,644 Deferred Property Taxes 542,147 466,704 -Due to Other Funds 21,592 Total Liabilities $ 607,839 $ 557,348 Fund Balance (Page 61) 1,129,721 442,736 Total Liabilities and Fund Balance $1.737.560 $1.000.084 See accompanying Notes to the Financial Statements. 61 VILLAGE OF DEERFIELD, ILLINOIS DEBT SERVICE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 1985 1984 Budget Actual Actual Revenues Taxes Property Taxes - Current - (Net) $ 326,289 $ 470,506 $ 356,018 Replacement Tax 33,000 43,358 34,604 Miscellaneous Interest 35,000 72,420 48,060 Total Revenues $ 394,289 $ 586,284 $ 438,682 Expenditures Sewerage Improvement Bond Series of 1973 Principal $ 75,000 $ 75,000 Interest 28,550 32,000 Sewerage Treatment Facility Bond Series of 1973 Principal 125,000 125,000 Interest 54,250 60,000 Corporate Purpose Bond Series of 1983 Principal 50,000 Interest 35,500 Corporate Purpose Bond Series 1982 Interest 46,088 53,768 Corporate Purpose Bond Series 1982-A Principal 50,000 Interest 39,250 39,250 General Obligation Variable Rate Demand Bond Series of 1984 Interest 54,095 Land Acquisition Bond Series of 1974 Principal 150,000 125,000 Interest 4,275 12,050 Police Addition Installment Contract of 1979 Principal 25,000 20,000 Interest 21,751 23,115 Yous Contract 3,279 Other - Miscellaneous 2,054 2,071 Total Expenditures $ 730,126 $ 760,813 $ 570,533 Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources $(335,837) $ (174,529) $0 31,851) Other Financing Sources Operating Transfers In Capital Improvements Fund $ 260,000 Federal Revenue Sharing Fund $ 368,837 165,088 $ 46,788 Tax Incremental Finance District Fund 202,837 131,587 $ 368,837 $ 627,925 $ 178,375 Excess of Revenues and Other Sources over Expenditures $ 33,000 $ 453,396 $ 46,524 Fund Balance May l $ 442,736 $ 396,212 Prior Period Adjustment 42,669 Adjusted Balance $ 485,405 $ 396,212 Residual Equity Transfers In Sewerage Treatment Facilities Fund 10,081 Storm Sewer Improvements Fund 180,839 $ 676,325 $ 356,212 April 30 $1,129,721 $ 442,736 See accompanying Notes to the Financial Statements. 1 CAPITAL PROJECT FUNDS IFund Descriptions I Capital Projects Funds Land Acquisition Fund - Established in 1974 to acquire land in the area now known as The Brickyards. The funds remaining are held against the potential need of reimbursing the Illinois Department of Transportation in the event a retention ' pond is not constructed. Storm Sewer Improvements Fund — Established in 1973 to reconstruct portions of the Storm Sewer System. The funds were provided by an EPA grant and a Bond Issue. The remaining funds are being held until an EPA audit is concluded. Sewerage Treatment Facilities Fund - Established in 1973 to construct the Sewage Treatment Plant. The funds were provided by both an EPA grant and a Bond Issue. The remaining funds are being held until an audit by the EPA is concluded. Capital Projects Fund - Established in 1983 to provide funds for the study and review of the Village of Deerfield Storm and Sanitary Sewer System. Tax Incremental Finance District - Established in 1982 to provide funds for land acquisition and improvements to the Village of Deerfield Tax Increment Finan- cing District. Fund for Capital Improvements Series A - Established in December, 1984, to provide funds for Storm Sewer Improvements, Sanitary Improvements and a Street Rehabilita- tion Program. r n 62 1 f 1 1 i 1 A M M GN 00 t!1 L N .-y M p '1 M 00 bi 0�tp I aO .--i v1 O vi Lr uM •� u1 O O� p� N � ^ n n •a%� 0000 0000 co -� O N H �D M N cn M ^ N � A N -� M 20 CV 00 00 ON) � 00 Oo M O V) n Cn O �N} <rj- W L �C r-t rl- M n O n M co 00 • N � OMO n cl 00 �t L •--4 O . 4 � cn 00 Ua a.�1 g, v4 r� �F d cl�M VO.- yr v} � .� a% N 00 Ln �e E� C $4 C y N1 �7 VN Cl) �O � .� N M ool V)i , cn 00 A yr yr </)- W ri L f� G- N 00 00 N O N t\ C14 00 —4 cn It 00 W V? ~ VNT <rj- Ln 00 cc cEG L c% o I 1 41 • � �Nc �Nc �No �No • m co •,I oo" ac Ln 4 a aLnR frr 41 M _tC y 4 D, •.a � .4, 1 1J pdp N y��l GI N 'D co 41 jL� 0 co co `� � a 404) co El[-9 'co u� � r u c ,4 63 aa� N F� 7S' •--i O N P�'1 O, 00 00 N �D8ippnpti 00 u�BO pp7p Ot+1 .7 p.7p T N N v} N N N 4? N t? t? N N N 07 LJ co O V1 N Cl .fir C N 01 N cl 8 1� 00 CO N �O OD O �D 00 �n ire a0 �O T O� Oppp O n f•1 N n N V1 N 10 %0 T n � op pp 01 8 t+ Cd d d J Opp t'^1 .�-� 000 0o a0 .y Q1 q N N u Utl • •�+ O O 10 v^i C� 10 v O, OD I 1 oD 195 N �o1 Vl N (? N t? N Q N K cn In co m O O 14 CV W G Vl 00 co V1 •�•� .•-i N 41 N Ili, In. t? Vf N N N N 0� N Op pp 00 N M app c`� cC yr yr V> vs as yr us yr ar ar N ._. rn yy (001 DO C ••+ N N a� n n C ovp a O yNN �yEryE+ L O O cl C Cn O O O� tt''11 S `V •d N N .^-� .-1 .ti I10 �j V] Qpv ON co �D ��7 F I I a0 00 00 v I Z F f� vs t/t Vs Ilk ppp pOp pop ppp N � � � •.+ 00 00 I OD I aD I J� �Ti V1 v5 � m d g L u 3 m � w w •.� � , yk7 1 m g 0 tCp o '�gj w0 tt-nn" vyl W G N� U g •� u� �, N en o 0,0 no Hl 1 I 1 I 1 i 1 C 1 p 1 I rl a SPECIAL. ASSESSMENT FUNDS 1 I IFund Descriptions Special Assessment Funds Special Assessments 3-84 - This group of special assessments was issued prior to 1930 for various municipal projects. P Special Assessment 111 - This fund set u in 1974 to account for the collec- tion and disbursement of funds for the improvement of portions of Wilmot Road and Berkeley Court by construction of concrete curb and gutter, sidewalks and a bitumin- ous transition pavement and including a storm drainage system where necessary. Special Assessment 112 - This fund set up in 1975 to account for the collec- tion and disbursement of funds for the construction of concrete pavement, curb and gutter, sidewalks and a drainage system where necessary along portions of Gordon Terrace and Kenmore. Special Assessment 113 - This fund set up in 1978 to account for the collec- tion and disbursement of funds for the improvement of portions of Waukegan and Northwoods Roads by construction of a Sanitary Sewer. Special Assessment 114 - This fund set up in 1978 to account for the collec- tion and disbursement of funds for the of concrete pavement, curb and gutter, improvement of Kates Road by construction storm sewer and other work necessary and incidental to the improvement. �j 1 1 1 I n 64 �NC400 O 0�0 �M ,t I ^� —4�rn y c0 O H 00 ON 8 �p M-a O W aD a0 O v�i i � I 000 � � CD Ln N Vi </} C? .-� <rj- v Vi m 8 8 m m �I N N O N • -� CN N N M O` .-� .�� N VIN O� vNj �D 0^n0 n %0 --� WN %0 O% %0 --� Ln t/T � M C4 </Y •�-� I • -� N O Ocn c/} U> 00 m --i I n N N N 00 00 0 0 o f ? � 0 � Lr o 3 3 00 n C ro PQ � tl'1 J7 y M v N L C+ Q/ C •.� • 4 L, to ,� 4O L .-I V co a A H c7S 65 N O O M M en pNp ,O N O. ul�N O O O I N N N N pOp N N Ll% <rj- <rj- <rj- <rj- fri- rd 4 ca O1 00 ON I ^ C4 -I •-�00 Ln cis N v � � Ln -� N M --i c+1 M U1 u� p vl M OOOt I O cci M M M LnLA yr n- cii 00 M N M op N 8 N O -: u'1 M M • .4 M W n Ln Ln�p �p N uj � I cn M00 � I I I rn r, P, y L V y ,4 CD w yuy C L 0 C�7'1 .y W NC pip MO tyo PO .E FL y.� Ll I 1 I 1 1 1 I 1 1 r PROPRIETARY FUND TYPES I I I r I t I I t i I r Fund Descriptions Water Fund The Water Fund accounts for all activity necessary to provide water to the re- sidents of the Village of Deerfield including administration, operation, main- tenance, financing and related Debt Service. ISewerage Fund The Sewerage Fund is used to account for the provision of sewer service to the residents of the Village of Deerfield. All activity necessary to provide such services is accounted for in this fund including, but not limited to, adminis- tration, construction, maintenance, and operations of the Sewage Treatment Plant. Rafuca Fund The Refuse Fund accounts for all revenues and expenses necessary to provide the residents of the Village of Deerfield with refuse service. Commuter Parking Lot Fund The Commuter Parking Lot Fund accounts for all activity necessary to construct, operate, and maintain the commuter parking facilities within the Village. 1 1 1 1 1 1 t 66 vnIAGE OF DEERFIELD, ILLDDIS ENIIMRISE FUNDS OOMBDMU BALANCE SHEET APRIL 30, 1985 Commuter Parking Totals Water Sewerage Refuse Lot 1985 1984 ASSETS Current Assets Cash and Investments $ 314,921 $ 503,844 $ 39,860 $ 94,669 $ 953,294 $ 841,659 Receivables Accounts 290,169 122,154 89,155 501,478 353,996 Property Taxes 339,674 339,674 319,928 Accrued Interest 21696 11,960 14,656 7,934 Other 2,587 2,587 2,686 Due from Other Funds 4,760 4,760 749 Inventory 33,887 33,887 36,194 $ 641,564 $ 628,694 $485,409 $ 94,669 $1,850,336 $1,563,146 Restricted Assets Cash and Investments $ 88,708 $ 116,345 $ 205,053 $ 205,053 Fixed Assets - Net $ 488,068 $5,109,531 $509,452 $6,107,051 $6,257,081 Total Assets $1,218,340 $5,854,570 $485,409 $604,121 $81162,440 $8,025,280 LIABILITIES AND FUND EqUTI'Y Current Liabilities Accounts Payable $ 59,044 $ 49,782 $ 65,039 $ 3,535 $ 177,400 $ 203,459 Compensated Absences Payable 24,710 24,828 49,538 38,081 Due to Other Funds 2,216 10,320 144 20,000 32,680 27,416 Other Payables 1,314 3,969 313 5,596 2,897 $ 87,284 $ 88,899 $ 65,183 $ 23,848 $ 265,214 $ 271,853 long -Term Liabilities Bonds Payable 175,000 175,000 210,000 Total Liabilities $ 262,284 $ 88,899 $ 65,183 $ 23,848 $ 440,214 $ 481,853 Fund Equity Contributed Capital $5,616,761 $626,240 $6,243,001 $6,243,001 Retained Earnings Reserved - Restricted Accounts $ 88,708 $ 116,345 $ 205,053 $ 205,053 Unreserved 867,348 32,565 $420,226 $(45,967) 1,274,172 1,095,373 Total Retained Earnings $ 956,056 $ 148,910 $420,226 $(45,967) $1,479,225 $1,300,426 Total Fund Equity $ 956,056 $5,765,671 $420,226 $580,273 $7,722,226 $7,543,427 Total Liabilties aid Fund Equity $1,218,340 $5,854,570 $485,409 $604,121 $8,162,440 $8,025,280 See accompanying Notes to the Financial Statements. Operating Revenues Charges for Services Water Sales Sewer Charges Refuse Billings Surcharges Miscellaneous Total Operating Revenues Operating Expenses Excluding Depreciation Administration Operations Total Operating Expenses Operating Incom (Inns) before Depreciation Depreciation Operating Inane (loss) Nonoperating Revenues (Expenses) Interest Earned Property Taxes Interest Expense Net Income (Loss) Before Other Financing (Uses) Other Financing (Uses) Operating Transfers (Out) Street and Bridge Fund Net Inncoue (Iola) and Other Financing (Uses) Other Changes in Retained Earnings - Unreserved Intrafud Transfers (Out) Detained Earnings - Reserve - Restricted Accounts Net Increase (Decrease) in Retained Earnings - Unreserved Detained Earnings - lhreserved May 1 Prior Period Adjustment Adjusted Balances April 30 (Page 66) VILLAGE OF DE3ERFIE D, IId.7NDIS ENTERPRISE FUNDS OOMBINING SIATEHM OF REVENUES ERPENSES, AND QWCES IN RETAINED EARNINGS - UNRESERVED FOR THE YEAR ENDED APRIL 30. 1985 Water Sewerage Refuse $1,231,009 $ 627,984 $ 433,645 94,650 46,892 72,369 $1,277,901 $ 795,003 $ 433,645 $ 108,897 $ 105,275 $ 13,012 895,269 644,467 765,376 $1,004,166 $ 749,742 $ 778,398 $ 273,735 $ 45,261 $(344,743) 39,557 195,892 $ 234,178 $(150,631) $(344,743) $ 28,198 $ 52,285 $ 16,694 364,382 (9,000) $ 19,198 $ 52,285 $ 381,076 $ 253,376 $ (98,346) $ 36,333 67 Cwmnter Parking Totals Lot 1985 1984 $1,231,009 $1,023,347 627,984 596,257 433,645 429,702 94,650 131,836 $ 62,599 181,860 143,478 $ 62,599 $2,569,148 $2,324,620 $ 24,465 $ 24,465 $ 38,134 30,698 $ 7,436 $ 7,436 (20,000) $ 253,376 $ (98,346) $ 36,333 $(12,564) $ 227,184 2.329.577 $2,556,761 $ 12,387 266,147 $ (253,760) $ 97,177 364,382 (9,000) $ 452,559 $ 198,799 (20,000) $ 178,799 $ 253,376 $ (98,346) $ 36,333 $02,564) $ 178,799 $ 613,972 $ 130,911 $ 383,893 $(33,403) $1,095,373 $ 613,972 $ 130,911 $ 383,893 $(33,403) $1,095,373 $ 867,348 $ 32,565 $ 420,226 1(45,967) $1,274,172 $ 192,568 2,304,016 $2,496,584 _ $ (171,964) 263,697 $ (435,661) $ 74,380 344084 (10610,3838) $ 407,826 $ (27,835) (20,000) $ (47,835) (29,329) $ (77,164) (11,790) $1,172,537 $1,095,373 See accoapanying Notes to the Financial Statements. .. Wi 1- c,4 v N OMO�0000MO �y ���yy• --i N ^ N N M y R1 O M* n U'l C con pN N Nth th N 000% zg co CO M 1-4N a .N-� C''M1 M 8 .^-i M M p. C% I'O ID N O,% cn Ri Q>- N � Q1 00 I" m 00 1l- N3 M I� —4 m y M �+ Cl LrB OB OM O) Ln M .3 N N N th C/� th 4 41 y I •� 1J •'1 L Qe�7r V N v b y Zo q a, OMB .-•� Ln M 00 00 �p .01 N N M � %0 %0 10 I O n c M M vY N Ln � n Ny n of .--i M Mpp rr M iT1 cn O ENO O a0 w ONE N M � p� N .-a OO N Vf t/} c •� L 1J • r-1 CA -v �Q ra W Q. F•'� 11 all, qJ (Z4 $4 �3 v P? m m 1+ c v co N CO a �+ 1+ •-� 'cr3 b iJ A-1 OR 69 '1 VILLAGE OF DEERFIELD, ILLINOIS WATER FUND BALANCE SHEET APRIL 30, 1985 ASSETS Current Assets 1985 1984 Cash and Investments $ 314,921 $ 280,118 Receivables Accounts - Billed 58,251 45,003 - Unbilled 231,918 116,127 Inventory 33,887 36,194 Other 2,587 2,686 $ 641,564 $ 480,128 Restricted Assets Cash and Investments $ 88,708 $ 88,708 Fixed Assets (Page 72) Cost $1,026,302 $ 960,431 Accumulated Depreciation 538,234 498,677 $ 488,068 $ 461,754 Total Assets $1,218,340 $1,030,590 LIABILITIES AND FUND EQUITY Current Liabilities Accounts Payable $ 59,044 $ 99,941 Other Payables 1,314 432 Compensated Absences Payable 24,710 16,694 Due to Other Funds 2,216 843 $ 87,284 $ 117,910 Long -Term Liabilities Bonds Payable 175,000 210,000 Total Liabilities $ 262,284 $ 327,910 Fund Equity Retained Earnings Reserved - Restricted Accounts $ 88,708 $ 88,708 Unreserved (Page 70) 867,348 613,972 Total Retained Earnings $ 956,056 $ 702,680 Total Liabilities and Fund Equity $1,218,340 $1,030,590 See accompanying Notes to the Financial Statements. 1 1 1 1 i 1 1 1 1 1 1 70 VILLAGE OF DEERFIELD, ILLINOIS WATER FUND STATEMENT OF REVENUES, EXPENSES, r AND CHANGES IN RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 1985 1984 Budget Actual Actual i Operating Revenues Charges for Services Water Sales $1,060,000 $1,231,009 $1,023,347 Permits and Fees 19,000 31,146 33,580 Penalties 12,000 15,714 12,761 Miscellaneous 1,000 $1,092,000 32 $1,277,901 71 $1,069,759 Operating Expenses Excluding Depreciation Administration $ 112,585 $ 108,897 $ 84,275 Operations Distribution 683,215 737,818 802,990 Maintenance - Mains and Fire Hydrants 137,389 110,572 116,752 Maintenance - Meters 49,356 46,879 46,682 $ 982,545 $1,004,166 $1,050,699 Operating Income before Depreciation $ 109,455 $ 273,735 $ 19,060 Depreciation - 39,557 41,830 Operating Income (Loss) $ 109,455 $ 234,178 $ (22,770) Nono erating Revenues (Expenses) Interest Earned $ 20,000 $ 28,198 $ 23,397 Interest Expense - Revenue Bonds (13,000) (9,000) (10,638) $ 7,000 $ 19,198 $ 12,759 Net Income (Loss) $ 116,455 $ 253,376 $ (10,011) Retained Earnings - Unreserved May l' 613,972 623,983 V April 30 (Page 69) $ 867,348 $ 613,972 See accompanying Notes to the Financial Statements. 71 1 VILLAGE OF DEERFIELD, ILLINOIS WATRR VHNn STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual ' Administration Salaries $ 44,935 $ 54,671 Employee Benefits 3,050 4,594 Professional Services 3,400 Travel, Training and Dues 300 577 Printing and Advertising 700 47 Communications 4,000 5,883 Insurance 10,000 21,707 Motor Vehicle Maintenance 1,200 2,775 Miscellaneous 300 1,724 Supplies Motor Vehicle Supplies 500 600 478 942 Occupancy 12,000 12,000 Apparel 800 1,032 Bond Principal 30,000 Equipment 6,000 2,279 Repairs and Maintenance 800 2,467 $118,585 $111,176 Less Amount Capitalized 6,000 2,279 $112,585 $108,897 Operations Distribution Salaries $ 8,360 $ 11,747 Overtime 1,045 1,839 Employee Benefits 760 1,093 Professional Services 6,300 Communications 1,050 Contractual Services 13,500 42,690 Utility Serices 44,000 75,644 Motor Vehicle Maintenance Repairs and Maintenance 1,200 3,000 2,445 3,050 Miscellaneous 1,300 540 Purchase of Water 600,000 594,583 Supplies 500 55 Motor Vehicle Supplies 600 963 Chlorine 400 Materials 1,200 3,169 Equipment 400 $683,615 $737,818 Less Amount Capitalized 400 $683,215 $737,818 t 72 VILLAGE OF DEERFIELD, ILLINOIS WATER FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Main and Fire Hydrant Maintenance Salaries $ 49,324 $ 38,140 Overtime 10,972 5,991 ' Part -Time Employee Benefits 3,793 6,050 3,780 31623 Communications 350 Contractual Services 23,400 17,769 Motor Vehicle Maintenance 3,000 5,473 Repairs and Maintenance 10,500 2,496 Equipment Rental 1,000 Miscellaneous 400 104 Motor Vehicle Supplies 1,800 1,949 Small Tools and Equipment 300 72 Aggregates 6,000 3$89 Materials 20,500 27,586 Equipment 2,400 2,139 Motor Vehicles 28,500 25,204 $168,289 $ 137,915 Less Amount Capitalized 30,900 27,343 $137,389 $ 110,572 Meter Maintenance Salaries $ 31,873 $ 34,.583 Overtime 732 511 Part -Time 711 705 Employee Benefits 3,440 2,914 Professional 1,.500 Travel, Training and Dues 300 Printing and Advertising 1,000 Communications 100 Contractual Motor Vehicle Maintenance 1,.500 2,000 1,439 2,922 Repairs and Maintenance 1,400 Miscellaneous 300 90 Supplies 300 17 Motor Vehicle Supplies 900 554 Materials 3,000 3,056 Small Tools and Equipment 300 88 Equipment 25,000 28,309 Motor Vehicles 8,000 7,940 $ 82,356 $ 83,128 Less Amount Capitalized 33,000 36,249 $ 49,356 $ 46,879 Total Expenses $982,545 $1,004,166 73 VILLAGE OF DEERFIELD, ILLINOIS WATER FUND STATEMENT OF FIXED ASSETS AND DEPRECIATION FOR THE YEAR ENDED APRIL 30, 1985 Water System Equipment and Automotive Water System Equipment and Automotive Net Asset Value Assets Balances Balances May 1, 1984 Additions Deletions April 30, 1985 $785,215 $ 785,215 175,216 $65,871 241,087 $960,431 $65,871 - $1,026,302 Accumulated Depreciation Balances Balances May 1, 1984 Provisions Deletions April 30, 1985 $425,658 $19,630 73,019 19,927 $498,677 $39,557 $445,288 92,946 $538,234 $ 488,068 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND BALANCE SHEET APRIL 30, 1985 ASSETS Current .Assets Cash and Investments Receivables Accounts - Billed Unbilled Accrued Interest Restricted Assets Cash and Investments Fixed Assets (Page 78) Cost Accumulated Depreciation Total Assets LIABILITIES AND FUND EQUITY Current Liabilities Accounts Payable Other Payables Compensated Absences Payable Due to Other Funds Total Liabilities Fund Equity Contributed Capital Retained Earnings Reserved - Restricted Accounts Unreserved (Page 75) Total Retained Earnings Total Fund Equity Total Liabilities and Fund Equity See accompanying Notes to the Financial Statements. 1985 1984 $ 503,844 $ 450,121 29,622 24,163 92,.532 81,027 2,696 7,934 $ 628,694 $ 563,245 $ 116,345 $ 116,345 $6,107,144 $6,075,288 997,613 820,111 $5,109,531 $5,255,177 Cq RqA q7n CS 01h 7A7 $ 49,782 $ 40,487 3,969 1,893 24,828 21,387 10,320 6,983 $ 88,899 $ 70,750 $5,616,761 $5,616,761 $ 116,345 32,565 $ 148,910 $5,765,671 Cq RSA q7n $ 116,345 130,911 $ 247,256 $5,864)017 $5,934,767 74 I 75 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Operating Revenues Charges for Services Sewer Charges Permits and Fees Penalties Construction Surcharges Sara Lee Surcharges Miscellaneous Other Operating Expenses Excluding Depreciation Administration Operations Treatment Plant Cleaning and Maintenance Construction Department Operating Income (Loss) before Depreciation Depreciation Operating Income (Loss) Nonoperating Revenues Interest Earned Net Income (Loss) Other Changes in Retained Earnings - Unreserved Intrafund Transfers (Out) Retained Earnings - Reserved - Restricted Accounts Net Increase (Decrease) in Retained Earnings - Unreserved Retained Earnings - Unreserved May 1 Prior Period Adjustments Adjusted Balances April 30 (Page 74) See accompanying Notes to the Financial Statements. 1985 1984 Budget Actual Actual $675,000 $ 627,984 $ 596,257 17,000 59,110 30,535 8,000 8,714 7,426 43,260 41,852 30,000 51,390 89,984 1,000 545 5,934 500 4,000 1,756 $731,500 $ 795,003 $ 773,744 $ 92,044 $ 105,275 $ 94,804 477,574 434,439 416,056 93,420 113,026 75,244 111,737 97,002 100,841 $774,775 $ 749,742 $ 686,945 $(43,275) $ 45,261 $ 86,799 195,892 191,188 $(43,275) $(150,631) $0 04,389) 40,000 52,285 43,822 $ (3,275) $ (98,346) $ (60,567) (29,329) $ (98,346) $ (89,896) $ 130,911 $ 232,597 (11,790) $ 130,911 $ 220,807 $ 32,565 $ 130,911 76 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Administration Salaries $ 44,935 $ 51,947 Overtime 209 89 Employee Benefits 3,050 4,812 Professional Services 200 7 Travel, Training and Dues 200 155 Printing and Advertising 100 9 Communications 1,500 2,058 Insurance 24,000 30,610 Motor Vehicle Maintenance 900 Repairs and Maintenance 1,300 792 Miscellaneous 700 1,037 Supplies 400 16 Motor Vehicle Supplies 650 523 Occupancy 12,000 12,000 Apparel 1,200 1,133 Contractual 700 87 $ 92,044 $105,275 � Operations Treatment Plant Salaries Overtime $201,476 5,225 $155,150 7,049 Part Time 3,793 3,766 Employee Benefits 19,480 14,276 Professional Services 1,000 536 Travel, Training and Dues 900 1,126 Printing and Advertising 1,000 1 9 Communications 2,800 2,570 Contractual Services 33,500 39,044 Utility Services 110,000 150,978 Motor Vehicle Maintenance Repairs and Maintenance 3,000 18,200 2,007 16,007 Equipment Rental 1,000 Supplies 6,000 10,720 Motor Vehicle Supplies 1,000 1,676 Chlorine 4,000 1,524 Aggregates 2,000 3,031 Materials 4,000 20,643 Street Signs 300 774 Small Tools and Equipment 500 522 Apparel 1,400 1,170 Miscellaneous 3,000 1,861 Equipment 3,000 1,384 Motor Vehicles 15,000 8,827 Depreciation 54,000 195,892 $495,574 $640,.542 Less Amount Capitalized 18,000 206,103 $477,574 $434,439 77 1 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Operations (Cont.) Cleaning and Maintenance Salaries $ 43,158 $ 59,777 Overtime 4,180 4,674 Part -Time 1,902 1,904 Employee Benefits 4,580 5,366 Contractual Services 7,000 6,146 Motor Vehicle Maintenance 4,000 5,988 Repairs and Maintenance 5,000 4,010 Equipment Rental 3,000 Miscellaneous 2,000 49 Supplies 10,800 10,179 Motor Vehicle Supplies 1,500 2,355 Aggregates 1,000 679 Materials 5,000 11,623 Motor Vehicles 45,000 38,790 Equipment 3,000 1,245 Small Tools and Equipment 300 276 $141,420 $153,061 Less Amount Capitalized 48,000 40,035 $ 93,420 $113,026 Construction Salaries $ 67,194 $ 65,020 Overtime 836 2,808 Part -Time 627 612 Employee Benefits 6,880 5,684 Contractual Services 5,000 Motor Vehicle Maintenance 5,500 5,083 Repairs and Maintenance 7,500 826 Equipment Rental 1,000 Supplies 2,000 558 Motor Vehicle Supplies 2,000 1,968 Aggregates 5,000 1,934 Materials 8,000 12,509 Small Tools and Equipment 200 111,737 97,002 ' Total Expenses $774,775 $749,742 78 1 1 1 f 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND STATEMENT OF FIXED ASSETS AND DEPRECIATION FOR THE YEAR ENDED APRIL 30, 1985 Assets Balances Balances May 1, 1984 Additions Deletions April 30, 1985 Sewer System and Plant $5,917,062 $5,917,062 Equipment and Automotive 158,226 $ 50,246 $18,390 190,082 $6,075,288 $ 50,246 $18,390 $6,107,144 Accumulated Depreciation Balances Balances May 1, 1984 Provisions Deletions April 30, 1985 Sewer System and Plant $ 759,462 $171,153 $ 930,615 Equipment and Automotive 60,649 24,739 $18,390 66,998 $ 820,111 $195,892 $18,390 $ 997,613 Net Asset Value $5.109.531 79 VILLAGE OF DEERFIELD, ILLINOIS REFUSE FUND BALANCE SHEET APRIL 30, 1985 ASSETS Current Assets Cash and Investments Receivables Accounts - Billed - Unbilled Property Taxes - Current - (Net) Accrued Interest Due from Other Funds Total Assets LIABILITIES AND FUND EQUITY Current Liabilities Account Payable Due to Other Funds Total Liabilities Fund Equity Retained Earnings (Page 80) Total Liabilities and Fund Equity See accompanying Notes to the Financial Statements. 1985 1984 $ 39,860 $ 37,739 19,743 19,727 69,412 67,949 339,674 319,928 11,960 4,760 749 $485,409 $446,092 $ 65,039 $ 62,199 144 $ 65,183 $ 62,199 420,226 383,893 $485,409 $446,09.2 :e 1 1 1 1 1 1 1 1 1 1 i 1 1 1 f 1 1 VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 1985 1984 Budget Actual Actual Operating Revenues Charges for Services Refuse Billing $ 426,000 $ 433,645 $ 429,702 Operating Expenses Administration Intergovernmental Billing $ 12,000 $ 12,000 $ 12,000 Other 4,000 1,012 1,489 Operations Contractual Services 765,000 765,376 733,250 $ 781,000 $ 778,388 $ 746,739 Operating Income (Loss) $(355,000) $(344,743) $(317,037) Nonoperating Revenues (Expenses) Interest Earned $ 7,000 $ 16,694 $ 7,161 Property Taxes - Current - (Net) 360,000 360,000 340,000 Property Taxes - Prior 4,382 4,084 $ 367,000 $ 381,076 $ 351,245 Net Income $ 12,000 $ 36,333 $ 34,208 Retained Earnings May 1 383,893 349,685 April 30 (Page 79) $ 420,226 $ 383,893 See accompanying Notes to the Financial Statements. 81 VILLAGE OF DEERFIELD, ILLINOIS COMMUTER PARKING LOT FUND BALANCE SHEET APRIL 30, 1985 ASSETS Current Assets Cash and Investments Fixed Assets (Page 84) Cost Accumulated Depreciation Total Assets LIABILITIES AND FUND EQUITY Current Liabilities Accounts Payable Other Payables Due to Other Funds Total Liabilities Fund Equity Contributed Capital Retained Earnings (Page 82) Total Fund Equity Total Liabilities and Fund Equity See accompanying Notes to the Financial Statements. 1985 1984 $ 94,669 $ 73,681 $691,458 $691,458 182,006 151,308 $509,452 $540,150 $604,121 $613,831 $ 3,535 $ 832 313 162 20,000 20,000 $ 23,848 $ 20,994 $626,240 $626,240 (45,967) (33,403) $580,273 $592,837 $604,121 $613,831 82 1 1 1 1 f 1 A 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS COMMUTER PARKING LOT FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Operating Revenues Parking Lot Revenue Operating Expenses Excluding Depreciation Operating Income before Depreciation Depreciation Operating Income before Other Financing (Uses) Other Financing (Uses) Operating Transfers (Out) Street and Bridge Fund Net Operating Income (Loss) and Other Financing (Uses) Retained Earnings May 1 April 30 (Page 81) 1985 1984 Budget Actual Actual $ 52,000 $ 62,599 $ 51,415 27,570 24,465 12,201 $ 24,430 $ 38,134 $ 39,214 30,698 30,679 $ 24,430 $ 7,436 $ 8,535 (20,000) (20,000) (20,000) $ 4,430 $02,.564) $01,465) See accompanying Notes to the Financial Statements. (33,403) (21,938) $(45,967) $(33,403) 83 VILLAGE OF DEERFIELD, ILLINOIS COMMUTER PARKING LOT FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Operations Parking Lots - Village and Federal Funds Salaries $ 3,000 $ 3,198 Benefits 120 74 Insurance 150 125 Utility Services 1,500 1,795 Repairs and Maintenance 1,000 3,026 Supplies 500 329 Aggregates 500 Equipment 500 24 Property Rentals 12,000 7,440 Materials 300 $19,270 $16,311 Less Amount Capitalized 500 $18,770 $16,311 Parking Lot - Village Construction Salaries $ 3,200 $ 3,433 Benefits 100 88 Insurance 200 129 Utility Services 2,500 3,552 Repairs and Maintenance 1,000 114 Supplies 500 171 Aggregates 200 Materials 1,000 667 Equipment 100 $ 8,800 $ 8,154 Total Expenses $27,570 $24,465 84 1 1 1 1 t 1 1 1 1 1 1 i 1 1 1 1 1 1 L and Parking Lot Parking Lot Net Asset Value VILLAGE OF DEERFIELD, ILLINOIS COMMUTER PARKING LOT FUND STATEMENT OF FIXED ASSETS AND DEPRECIATION FOR THE YEAR ENDED APRIL 30, 1985 Assets Balances Balances May 1, 1984 Additions Deletions April 30, 1985 $ 77,500 613,958 $691,458 $ 77,500 613,958 $691,458 Accumulated Depreciation Balances Balances May 1, 1984 Provisions Deletions. April 30, 1985 $151,308 $151,308 $30,698 $30,698 $182,006 $182,006 $509,452 1 1 1 I II, L� fl -� I 1 LI INTERNAL SERVICE FUNDS lJ 1 Fund Description Garage Fund The Garage Fund is used to account for all activity necessary to maintain the efficient and safe operation of Village vehicles and equipment. The Garage is operated and maintained by the Village of Deerfield and the various departments are billed according to the services rendered. 1 FI [I F 85 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS BALANCE SHEET APRIL_30, 1985 ASSETS 1985 1984 Cash and Investments $ 7,282 $12,969 Due from Other Funds 12,518 8,754 Inventory 23,144 23,596 Total Assets $42,944 $45,319 LIABILITIES AND FUND EQUITY Liabilities Accounts Payable Compensated Absences Payable Total Liabilities Retained Earnings (Page 86) Total Liabilities and Fund Equity See accompanying Notes to the Financial Statements. $ 5,499 $ 5,323 6,217 4,736 $11,716 $10,059 31,228 35,260 $42,944 $45,319 86 VILLAGE OF DEERFIELD, ILLINOIS GARAGE FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGESIN RETAINED EARNINGS - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Operating Revenues Charges for Services Billings Operating Expenses Operations Net Operating Income (Loss) Retained Earnings May 1 April 30 (Page 85) 1985 Budget 1984 Actual $120,500 $139,699 $131,581 142,508 143,731 123,196 $(22,008) $ (4,032) $ 8,385 See accompanying Notes to the Financial Statements. 35,260 $ 31,228 26,87.5 $ 35,260 87 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF CHANGES IN FINANCIAL POSITION FOR THE YEAR ENDED APRIL 30, 1985 Cash Was Provided By Net Income Decrease in Current Assets Increase in Current Liabilities Cash Was Used To Increase Current Assets Decrease Current Liabilities Fund Operating Loss Net Increase Cash and Investments May 1 April 30 See accompanying Notes to the Financial Statements. Totals 1985 1984 $ 8,385 384 $ 1,657 $ 1,657 $ 8,769 $ 3,312 $ 6,902 4,032 $ 7,344 $ 6,902 $(5,687) $ 1,867 12,969 11,102 $ 7,282 $12,969 VILLAGE OF DEERFIELD, ILLINOIS GARAGE FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Budget Actual Operations Public Works Department Salaries $ 54,922 $ 56,195 Overtime 7,076 7,988 Employee Benefits 4,580 5,197 Apparel 330 249 Travel, Training and Dues 500 368 Printing and Advertising 350 364 Insurance 3,000 2,892 Miscellaneous 200 364 Professional Services 50 Utility Services 2,000 719 Repairs and Maintenance 5,000 3,427 Supplies 57,000 59,880 Motor Vehicle Supplies 800 675 Equipment 4,500 3,177 Communications 200 500 Materials 500 358 Small Tools and Equipment 1,500 1,378 $142,508 $143,731 1 1 1 FIDUCIARY FUND TYPES 11 1 1 d u 1 1 I TRUST AND AGENCY FUNDS 1 Fund Descriptions Police Pension Fund The Police Pension Fund is used to account for the resources necessary to pro- vide retirement and disability benefits to personnel of the Village of Deerfield Police Department. Deposit Fund The Deposit Fund is used to account for monies on deposit with the Village which ' are being held on a temporary basis. 11 11 89 1 1 1 1 i i 1 1 1 1 1 1 N 00 1-_ U*1 It 1l rl N U1 .. 1� 00 %0 -t 00 O cn OOI 'O 1� M Q\ O N 00 00 ON M O N 1-4 •--� � ••� a0 00 .-r r� a0 N N M 0) r--1 c0 41 O EH -It M cf 1 .-+ 00 1-4 .-1 ON ON M • -1 N .4 00 N 00 a\ -4 O 't .-4 -4n %O �t N O cn U �t 00 n .-4 M U1 ON ON N 1- 1l I M C '� �t v1 O Lr 1: 00 C� O, n O� �t � v1 .--� O O 1f1 .--4 O� .,•i N v +"1 00 r-I O\ O\ O1 .1 00 01 f- U C v1 O � O a1 � 1 N> yLnj. f-1 O F-1 c!� Iz7 O` N u1 00 .-1 N N _ cn .-1 N N z x � � � 00 f� �O�t ON N N 1� N 1- ►04 1-4 :3 Lrr 07 Ln O —4 w � 0 O-4 u -4 O -,4 w 00 M 00 Lr 1: 00 O W 00W %.D "' N 1 O O O A >+ U ON a) E-1 0+ a) �t NN N Z z.� a a N rA4 C4 O C6 ,4 on M w A z z 1-1 d r-a W OH ►H-1 d to cA 41 W A C d H U a a, N 4.j u a) .-i Q) cb to •U C Cry Aj O , 4 z 1 cn '1 W L z w 41 C v u° �+ c() to y 0) O y U O) � "0 1 z 'O •rl -4 Cd .� L O cn N y u w .4 .4 Z 4 °' 'Cd y z E+ v r� a� 0 0 w 4 w ono .; � cn A ZNo CdC OG C Q)y C cN ca W O cca1 >, a a n •,4 v 44 .ti � .'.1 � H d �1-' o �, a u a)w a —4 'L7 u 'b .� 1W1 •Hi . 4J u O .-a cCd v 1�+ r1 ,.., C3. 8 .0 w a) c0 FF 4J C •H O c0 1-4 9 a) co «1 O i'•+ N Co a) 7 1+ O 0. L F-1 • 4 C w Aj Li CO W CO 1J y,� uu -f - wH O u C 14 *HUa 0 PO a) a) O O H a) W u u .n =O a) "0 v C `b ua'�O N coco 1-4 r4 �CY.A U a a w V111 VILLAGE OF DEERFIELD, ILLINOIS TRUST AND AGENCY FUND POLICE PENSION FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1985 Operating Revenues Employer Contributions Property Taxes - Current - (Net) Property Taxes - Prior Replacement Taxes Interest Payroll Deductions Operating Expenses Pension Payments Filing Fee Net Income Fund Balances May 1 April 30 (Page 89) 1985 1984 Budget Actual Actual $150,000 $ 150,000 $ 135,000 1,230 1,358 4,000 4,895 3,907 $154,000 $ 156,125 $ 140,265 275,000 315,417' 265,078 86,000 75,750 83,022 $515,000 $ 547,292 $ 488,365 $ 70,000 $ 65,912 $ 37,455 12,500 25 75 $ 82,500 $ 65,937 $ 37,530 $432.,500 $ 481,355 $ 450,835 2,727,367 2,276,532 67 Ina 777 Q9 7n7 747 See accompanying Notes to the Financial Statements. 91 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS TRUST AND AGENCY FUNDS POLICE PENSION FUND STATEMENT OF CHANGES IN FINANCIAL POSITION FOR THE YEAR ENDED APRIL 30, 1985 Cash Was Provided By Operations Net Income Cash Was Used To Increase Current Assets Decrease Current Liabilities Net Increase Cash and Investments May 1 April 30 See accompanying Notes to the Financial Statements. Total 1985 1984 $ 481,355 $ 450,835 $ 28,490 $ 28,490 $ 452,865 2,516,031 6n nco one $ 27,448 125 $ 27,573 $ 423,262 2,092,769 en C14 All 92 VILLAGE OF DEERFIELD, ILLINOIS DEPOSIT FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE YEAR ENDED APRIL 30, 1985 Balances Balances May 1, 1984 Increase Decrease April 30, 1985 ASSETS Cash and Investments $90,075 $83,587 $ 6,488 Other Assets $44,491 44,491 Total Assets $90,075 $44,491 $83,587 $50,979 LIABILITIES Deposits Payable $87,817 $43,506 $44,311 Accounts Payable 2,258 1,109 1,149 Due to Other Funds $ 5,519 5,519 Total Liabilities $90,075 $ 5,519 $44,615 $50,979 See accompanying Notes to the Financial Statements. F 1 1 ACCOUNT GROUPS 1 P I I 1 fl I I 1 1 1 m GENERAL FIXED ASSETS ACCOUNT GROUP I i GENERAL FIXED ASSETS ACCOUNT GROUP To account for fixed assets not used in proprietary fund operations or accounted for in trust funds. I 11 1 F 1 I 1 F I 1 1 1 r i 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF GENERAL FIXED ASSETS APRIL 30, 1985 GENERAL FIXED ASSETS Land $1,913,027 Buildings and Improvements 1,237,500 Vehicles 423,419 Equipment 940,494 sc► SILL r.LLn INVESTMENT IN GENERAL FIXED ASSETS General Revenues $2,614,440 General Obligation Bonds 1,500,000 Installment Contracts 400,000 AIL S t A /.An See accompanying Notes to the Financial Statements. 93 1 ro "d 0 Ili r r fD A f+. h+• rS rt A A N 1-'• r O c o c� PV fD n 0 5 (p rt p r• rt C r r 41 � � H G N 1�0 N n W %0 O N r cD a r• O cD 00 O O O O G N rt Ch -W to C 4 w (D N W O� N W W r 00 Ir• A 41 N r r W r ON M �O 00 y 4' Oh N G O N O O� N• �D 00 v �O N ON r (D O O G rt Uq 00 Cy O O r W rt O O - W O H a H t=i z H O �J L=1 z C+7 r �J H I CTJ I U I �a En > En > C+7 H to P4 ftl z cl H H O z z C7 0 H H C H H �-C C+7 H r ra 'rJ C17 H x O m psi C7 d cnpo m z1 H H Cn C+i r >d n O H ar HIri z 0O O to C b 476 95 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF CHANGES IN GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY FOR THE YEAR ENDED APRIL 30, 1985 Balances Balances Function and Activity May 1, 1984 Additions Deletions April.30, 1985 General Government $ 675,044 $491,929 $155,000 $1,011,973 Public Safety 2,656,567 34,005 21,205 2,669,367 Public Works 799,736 33,364 833,100 $4,131,347 $559,298 $176,205 $4,514,440 1 1 1 1 1 t i El 1 I 1 I GENERAL LONG TERM DEBT ACCOUNT GROUP i Cl 1 l� GENERAL LONG-TERM DEBT ACCOUNT GROUP To account for the long-term portion of the Village's Bond Issues, Installment Contracts, Public Benefit and Pension Contributions P n I 1 1 1 I 1 r 1 96 / § f \ \c \ f fC-4 f k 14 k B\ A \ 7 ® - / £�/§o \ 2 § § \ \/k7�\ 2 ƒ § \ § 0 !2J �§ 2 \ \ / \ a 0 §§\\ - K § � � � ]n �,% R § f 2 § § \/)0 } $ } § len p, ~ en\§ § § § § 44 k)}.0 _ \ w run) © - & � §§ at ��§ \ .72 )� )0 k))) � � 1 1 1 1 1 I l L� fl SUPPLEMENTARY DATA 97 f aOMMOON ppOM N.p N .-1N pNp �O 00 °� �D �° °+.pp+� �Op� •"'�� �D dr n"npiN lc M N fn+1 Nn OD O1 t'�1 W Jn�D n °� OO Cl 00 'A �pO.•p� ~Nn�� O M .*•�.•r N.NiN n �Mn�Y V} > VT V} n n ny VM1 10 N CM1 N V1010°O p°p 00 .D .•� 00 .G N co Ili 00—MM n�7 �O f+1 O n °, n .ti vd t+1 00 NM .7 10 •� O, O� n N V) N (? V) VY V) VY VY t/f N 88 O 10 O fNl n M NN ANY VN1 0 3 O M .p M O n N d n .M�- i n °� .D N M co co n NN Opp 1 �y NN en N N M N (n N N �T n n f'�1 V-1 .�q OMO Oao ..y M cn y (? VY Vf VY V} V} (? V> Co. fn N VM1 VM1 �n V1 � N .O �T �app0 % V} V} N V) t? I IVlI Vf Vll VY to V}I VY V}�I 00 N co d N Vf .r 2oO M O, VY u u � u m .+ y V7 1� a W m �. L' RRR711 CL Wa U 6V fAO F•� 3670 y O N W 98 VILLAGE OF DEERFIELD, ILLINOIS COMBINED STATEMENT OF INVESTMENTS APRIL 30, 1985 Fund General Fund Money Market Deerfield State Bank U.S. Treasury Bills National Bank of North America National Westminster Bank Certificate of Deposit Cragin Federal Savings and Loan Deerfield State Bank First National Bank of Chicago Northern Trust Company Time Deposit Continental Total General Special Revenue Library Savings Account First National Bank of Deerfield Repurchase Agreements First National Bank of Deerfield Street Money Market Deerfield State Bank Federal Revenue Sharing Money Market Deerfield State Bank U.S. Treasury Bills National Westminster Bank Certificate of Deposit Deerfield State Bank Interest Maturity Rate Date $ 66,378 10.625 7/31/85 199,710 9.290 9/05/85 315,275 8.740 5/02/85 158,910 8.280 10/24/85 201,791 8.220 10/17/85 200,058 9.050 6/20/85 165,000 9.500 9/24/85 400,000 9.150 8/23/85 200,000 8.850 6/03/85 200,000 8.000 7/29/85 100,000 8.000 7/29/85 100,000 8.550 5/20/85 100,000 8.250 5/17/85 110,000 8.625 5/09/85 210,000 $2,727,122 $ 16,566 7.600 5/18/85 361,743 $ 378,309 $ 62,377 8.740 5/02/85 150,000 8.220 10/17/85 50,014 8.000 7/29/85 100,000 58,146 362,391 99 1 1 1 1 1 1 1 r t VILLAGE OF DEERFIELD, ILLINOIS COMBINED STATEMENT OF INVESTMENTS APRIL 30, 1985 Fund Special Revenue (Cont.) Motor Fuel Tax Certificate of Deposit Northern Trust Company IMRF U.S. Treasury Bills National Westminster Bank Certificate of Deposit Cragin Federal Savings & Loan First National Bank of Chicago Total Special Revenue Debt Service U.S. Treasury Bill National Westminster Bank Certificate of Deposit Cragin Federal Savings & Loan Total Debt Service Capital Projects Capital Improvements Money Market Continental U.S. Treasury Bill National Westminster Bank Certificate of Deposit Continental Capital Projects Money Market Continental Total Capital Projects Interest Maturity Rate Date 8.375 8.375 8.830 11.800 8.550 8.830 11.500 11.800 9.020 8.750 8.450 5/28/85 $ 125,000 9/26/85 100,000 225,000 6/13/85 $ 77,635 9/23/85 50,000 5/20/85 100,000 227,635 $1,251,481 6/13/85 5/21/85 9/23/85 1/23/86 8/14/85 5/16/85 $ 155,270 200,000 125,000 $ 425,298 999,448 1,000,000 1,300,000 $ 480,270 $3,724,746 46,407 $3,771,153 100 1 VILLAGE OF DEERFIELD, ILLINOIS COMBINED STATEMENT OF INVESTMENTS APRIL 30, 1985 Interest Maturity Fund Rate Date Enterprise Water Money Market Deerfield State Bank $196,732 Certificate of Deposit Deerfield State Bank 8.000 7/29/85 150,000 $ 346,732 Sewerage Money Market Deerfield State Bank $ 44,973 Certificate of Deposit Cragin Federal Savings and Loan 9.150 7/15/85 175,000 Deerfield State Bank 8.500 6/25/85 250,000 8.000 7/29/85 100,000 569,973 Refuse U.S. Treasury Bill National Westminster Bank 8.830 6/13/85 $ 77,635 Certificate of Deposit Cragin Federal Savings & Loan 11.800 9/23/85 125,000 202,635 Total Enterprise $1,119,340 Trust and Agency Police Pension Savings Account Deerfield Savings and Loan $ 5,000 U.S. Treasury Notes Deerfield State Bank 8.250 5/15/88 89,866 15.375 10/15/88 119,313 8.750 11/15/88 99,062 9.250 5/15/89 51,704 U.S. Treasury Bonds Deerfield State Bank 8.250 5/15/90 76,535 8.250 5/15/90 59,698 6.750 2/15/93 34,759 7.500 8/15/93 30,173 7.500 8/15/93 81,584 1 101 1 VILLAGE OF DEERFIELD, ILLINOIS COMBINED STATEMENT OF INVESTMENTS APRIL 30, 1985 Interest Maturity Fund Rate Date Trust and Agency (Cont.) Police Pension (Cont.) U.S. Treasury Bo ds (Cont.) Deerfield State Bank (Cont.) 12.625 8/15/93 142,350 12.625 5/15/95 84,138 12.625 5/15/95 121,575 11.500 11/15/95 112,287 8.500 5/94/99 57,758 8.500 5/94/99 66,996 8.500 5/94/99 58,119 8.375 8/15/00 59,931 13.375 8/15/01 95,000 13.375 9/15/01 96,033 14.000 11/15 - 11/06 110,000 14.000 11/15 - 11/06 105,187 11.750 2/15/10 103,875 13.875 5/15/11 153,187 Continental Bank 11.875 11/15/03 144,987 12.000 8/15/13 142,828 Stripped Coupons Continental Bank 12.550 2/15/96 107,876 11.700 8/15/01 125,498 12.450 11/15/03 177,204 12.250 11/15/04 24,984 12.300 5/15/05 94,745 $ 2,832,252 Deposit Money Market Deerfield State Bank 21,392 Total Trust and Agency $ 2,853,644 Total All Funds $12.203.010 102 1 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS SEWERAGE IMPROVEMENT BOND SERIES OF 1973 APRIL 30, 1985 Date of Issue Date of Maturity Authorized Issue Actual Issue Denomination of Bonds Interest Rate Principal Maturity Date Interest Dates Payable at June 1, 1973 December 1, 1992 $1,080,000 $1,080,000 $5,000 4.4%-5.1% December 1 June 1 and December 1 Belleville National Savings Bank PRINCIPAL AND INTEREST REQUIREMENTS Tax Bond Levy Coupons Due on Numbers Year Principal Interest Total Dec. 1 Amount June 1 Amount 1983 $ 13,412 $ 13,412 1985 $13,412 107-121 1984 $ 75,000 25,062 100,062 1985 $13,412 1986 11,650 122-136 1985 75,000 21,538 96,538 1986 11,650 1987 9,888 137-151 1986 75,000 17,975 92,975 1987 9,888 1988 8,087 152-166 1987 75,000 14,337 89,337 1988 8,087 1989 6,250 167-181 1988 75,000 10,625 85,625 1989 6,250 1990 4,375 182-196 1989 75,000 6,875 81,875 1990 4,375 1991 2,500 197-206 1990 50,000 3,750 53,750 1991 2,500 1992 1,250 207-216 1991 50,000 1,250 51,250 1992 1,250 $550,000 $114,824 $664,824 157,412 $57,412 1 1 103 1 1 t VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS SEWERAGE TREATMENT FACILITIES BOND SERIES OF 1973 APRIL 30, 1985 Date of Issue Date of Maturity Authorized Issue Actual Issue Denomination of Bonds Interest Rate Principal Maturity Date Interest Dates Payable at Tax Bond Levy Numbers Year June 1, 1973 December 1, 1992 $2,000,000 $2,000,000 $ 5,000 4.4%-6.0% December 1 June 1 and December 1 Belleville National Savings Bank PRINCIPAL AND INTEREST REQUIREMENTS Principal Interest Total 1983 $ 25,688 $ 25,688 191-215 1984 $ 125,000 48,438 173,438 216-240 1985 125,000 42,563 161,563 241-265 1986 125,000 36,625 161,625 266-296 1987 125,000 30,562 155,562 297-315 1988 125,000 24,375 149,375 316-340 1989 125,000 18,125 143,125 341-370 1990 150,000 11,250 161,250 371-400 1991 150,000 3,750 153,750 $1,050,000 $241,376 $1,291,376 11 1 Coupons Due on Dec. 1 Amount June 1 Amount 1985 $ 25,688 1985 $ 25,688 1986 22,750 1986 220750 1987 19,813 1987 19,813 1988 16,812 1988 16,812 1989 13,750 1989 13,750 1990 10,625 1990 10,625 1991 7,500 1991 7,500 1992 3,750 1992 3.750 $120,688 $120,688 104 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS CORPORATE PURPOSE BOND SERIES OF 1983 APRIL 30, 1985 Date of Issue December 1, 1983 Date of Maturity December 1, 1988 Authorized Issue $500,000 Actual Issue $500,000 Denomination of Bonds $ 5,000 Interest Rate 8.5% Principal Payment Date -December'l Interest Dates June 1 and December 1 Payable at American National Bank & Trust PRINCIPAL AND INTEREST REQUIREMENTS Tax Bond Levy Coupons Due on Numbers Year Principal Interest Total June 1 Amount Dec. 1 Amount 11- 30 1984 $100,000 $31,750 $131,750 1985 $15,875 1985 $15,875 31- 50 1985 100,000 24,250 124,250 1986 12,125 1986 12,125 51- 75 1986 125,000 17,750 142,750 1987 8,875 1987 8,87.5 76-100 1987 125,000 9,000 134,000 1988 4,500 1988 4,500 $450,000 $82,750 $532,750 $41,375 $41,375 105 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS CORPORATE PURPOSE BOND SERIES OF 1982 APRIL 30, 1985 Date of Issue October 1, 1982 Date of Maturity Authorized Issue December 1, 1994 $500,000 Actual Issue $500,000 Denomination of Bonds $ 5,000 Interest Rate 10.25% - 9.60% Principal Payment Date December 1 Interest Dates June 1 and December 1 Payable at The Northern Trust Company PRINCIPAL AND INTEREST REQUIREMENTS Tax Levy Coupons Due on Year Principal Interest Total June 1 Amount Dec. 1 Amount 1984 $ 25,000 $ 46,088 $ 71,088 1985 $ 23,044 1985 $ 23,044 1985 25,000 43,525 68,525 1986 21,763 1986 21,762 1986 25,000 40,962 65,962 1987 20,481 1987 20,481 1987 50,000 38,400 88,400 1988 19,200 1988 19,200 1988 50,000 34,275 84,275 1989 17,138 1989 17,137 1989 50,000 30,025 80,025 1990 15,013 1990 15,012 1990 50,000 25,650 75,650 1991 12,825 1991 12;825 1991 75,000 21,150 96,150 1992 10,575 1992 10,575 1992 75,000 14,250 89,250 1993 7,125 1993 7,125 1993 75,000 7,200 82,200 1994 3,600 1994 3,600 $500,000 301 $ 525 $ 801 52 5 $150,764 $1502761 1 1 I 106 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS CORPORATE PURPOSE BOND SERIES OF 1982 - A APRIL 30, 1985 Date of Issue Date of Maturity Authorized Issue Actual Issue Denomination of Bonds Interest Rate Principal Payment Date Interest Dates Payable at Tax December 1, 1982 December 1, 1993 $500,000 $500,000 $ 5,000 7.0% - 8.5% December 1 June 1 and December 1 American Fletcher National Bank, Indianapolis PRINCIPAL AND INTEREST REQUIREMENTS Levy Coupons Due on Year Principal Interest Total June 1 Amount Dec. 1 Amount 1984 $ 50,000 $ 35,750 $ 85,750 1985 $ 17,875 1985 $ 17,875 1985 50,000 32,250 82,250 1986 16,125 1986 16,125 1986 50,000 28,750 78,750 1987 14,375 1987 14,375 1987 50,000 24,750 74,750 1988 12,375 1988 12,375 1988 50,000 20,750 70,750 1989 10,375 1989 10,375 1989 50,000 16,750 66,750 1990 8,375 1990 8,375 1990 50,000 12,750 62,750 1991 6,375 1991 6,375 1991 50,000 8,500 58,500 1992 4,250 1992 4,250 1992 50,000 4,250 54,250 1993 2,125 1993 2,125 $450,000 $184,500 $634,500 $ 92,250 $ 92,250 1 107 rVILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS GENERAL OBLIGATION VARIABLE RATE DEMAND BOND SERIES OF 1984 APRIL 30, 1985 Date of Issue Date of Maturity Authorized Issue Actual Issue Denomination Interest Rate Principal Payment Date Payable at December 17, 1984 January 1, 1985 $4,100,000 $4,100,000 $ 100,000 Variable January 1 LaSalle National Bank I PRINCIPAL AND INTEREST REQUIREMENTS Tax Levy Available For Year Principal Interest Total 1984 $ 232,911 $ 232,911 1985 $ 100,000 324,000 424,000 1986 100,000 316,000 416,000 1987 100,000 308,000 408,000 1988 100,000 300,000 400,000 1989 100,000 292,000 392,000 1990 100,000 284,000 384,000 1991 200,000 272,000 472,000 1992 200,000 256,000 456,000 1993 200,000 240,000 440,000 1994 1995 200,000 200,000 224,000 208,000 424,000 408,000 1996 300,000 188,000 488,000 1997 300,000 164,000 464,000 1998 300,000 140,000 440,000 1999 400,000 112,000 512,000 2000 400,000 80,000 480,000 2001 400,000 48,000 448,000 2002 400,000 16,000 416,000 $4,100,000 $4,004,911 $8,104,911 11 11 L 108 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS POLICE ADDITION INSTALLMENT CONTRACT OF 1979 APRIL 30, 1985 Date of Issue October 16, 1979 Date of Maturity October 15, 1986 Actual Issue $400,000 Payable to Northern Trust Company PRINCIPAL AND INTEREST REQUIREMENTS Tax Levy Year Principal Interest Total 1983 $ 5,000 $ 5,000 1984 145,000 $20,088 165,088 1985 155,000 10,385 165,385 $305,000 $30,473 $335,473 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 "I VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS WATER REVENUE BOND SERIES OF 1960 APRIL 30, 1985 Date of Issue January 1, 1960 Date of Maturity May 1, 1989 Actual Issue $125,000 Denomination of Bonds 1-125 @ $1,000 Interest Rates 4.75% - 4.25% Interest Dates November 1, May 1 Principal Maturity Date May 1 Payable at LaSalle National Bank Chicago PRINCIPAL AND INTEREST REQUIREMENTS Year Bond Coupons Due on Ended Numbers Principal Interest Total Nov. 1 Amount May 1 Amount 1986 86-95 $10,000 $1,700 $11,700 1985 $ 850 1986 $ 850 1987 96-105 10,000 1,275 11,275 1986 637 1987 638 1988 106-115 10,000 850 10,850 1987 425 1988 425 1989 116-125 10,000 425 10,425 1988 212 1989 213 $40 000 $4,250 $44,250 $2,124 $2,126 110 Date of Issue Date of Maturity Actual Issue Denomination of Bonds Interest Rates Interest Dates Principal Maturity Date Payable at VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS WATER REVENUE BOND SERIES OF 1959 APRIL 30, 1985 April 1, 1959 May 1, 1989 $545,000 1-545 @ $1,000 5% - 4.25% November 1 - May 1 May 1 LaSalle National Bank Chicago PRINCIPAL AND INTEREST REQUIREMENTS Year Bond Coupons Due on Ended Numbers Principal Interest Total Nov. 1 Amount May 1 Amount 1986 411-440 $ 30,000 $ 5,738 $ 35,738 1985 $2,869 1986 $2,869 1987 441-475 35,000 4,462 39,462 1986 2,231 1987 2,231 1988 476-510 35,000 2,976 37,976 1987 1,488 1988 1,488 1989 511-545 35,000 1,488 36,488 1988 744 1989 744 $135,000 $14,664 $149,664 $7,332 $7,332 111 VILLAGE OF DEERFIELD, ILLINOIS POLICE PENSION FUND ' STATEMENT OF OFFICERS' DEPOSITS Balance Balance April 30, 1984 Deposits Withdrawals April 30, 1985 1050 Kenneth Anderson $ 17,701 $ 3,524 $ 21,225 1075 Leo Anderson 17,397 3,160 20,557 1078 1125 Mark Anfenson Marcea Ross 3,016 13,514 2,148 2,505 5,164 16,019 1325 Richard Brandt 28,279 4,396 32,675 1350 William Butler 26,281 2,505 28,786 1355 Louis Cacciatore 208 1,792 2,000 1400 Robert Charles 32,545 32,545 1550 Gordon Cooper 24,604 1,783 26,387 1600 Robert Davenport, Jr. 31,862 3,585 35,447 1700 David P. Ebert 22,348 2,505 24,853 1750 John Elofson 19,895 2,505 22,400 1800 William Ennis 14,295 2,509 16,804 ' 1925 Marie Rose Gawne 11,638 2,506 14,144 2000 Robert Hamilton 29,389 3,054 32,443 2100 Thomas Hill 25,500 3,083 28,583 2125 George Hoffman 21,745 2,506 24,251 2163 Hilary Jenkins 9,243 $ 9,243 2250 Larry Kick 26,185 2,506 28,691 2365 Dave Lemmer 409 1,977 2,386 2430 Eric Lundahl 6,752 2,448 9,200 2525 Jeffrey McDermott 28,532 3,098 31,630 2715 Robert Ogden 5,522 2,233 7,755 2773 Drew R. Pranke 1,631 1,631 2893 Rand J. Roel 2,734 2,023 4,757 2985 Michael E. Scarry 48 48 3025 John Sebben 18,862 2,506 21,368 3075 Thomas Sheahan 15,106 3,098 18,204 3125 Thomas Skrabala 22,475 3,488 25,963 3150 3225 John Sliozis Michael Soler 14,055 17,087 2,506 2,506 16,561 19,593 3235 Melvin Soltwisch 579 579 3325 Gary Stryker 24,458 3,128 27,586 3500 Larry Tousignant 28,916 3,128 32,044 3525 David Turnbaugh 24,921 3,054 27,975 3650 Glenn E. Webb 12,028 2,541 14,569 3675 Richard Weil 6,335 2,374 8,709 380A George Hall 9,604 9,604 380B David J. Petersen 7,287 7,287 380C Thomas G. Rogge 9,411 9,411 $631,770 $87,307 $10,874 $708,203 112 VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF INSURANCE IN FORCE APRIL 30, 1985 Insureds Description of Coverage Village of Deerfield Workmens Compensation Bodily Injury During Performance $100,000 Bodily Injury by Accident $100,000 Bodily Injury by Disease $100,000 Village of Deefield Comprehensive Automobile Liability Bodily Injury and Property $1,000,000 Village of Deerfield Umbrella Liability $10,000,000 Village of Deerfield Blanket Building and Contents .$12,509,523 Bodily Injury $500 000 Property Damage $1,000,000 Loss Inside Premises $1,000 Village of Deerfield Boiler and Machinery $100,000 Contract Equipment $382,560 Public Officials Surety Bond Coverage Various Notary Public Surety Bond Coverage Various Public Employees Blanket Bond Coverage $10,000 1 1 i 1 1 1 11 11 Statistical Section 113 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 0000 N N VMMLn N1 O n MMN O� M 000O0 v1 I N M M Q�pp 0000 N 00 � N �O n N n M Ln O cn N uIN M UM'1 p %11 LfN N Ln -4 �--1 N 00 N M 00 C^�1j��yy M V1 N ON ID 00 cn O 00 00 N N �7 N tt1 L1 -4 N ^ 0p0 00Ip�� O M Op M 1-4 00 � 26 ppnpp N 0-01 00 M ItV� O O ^ ON t�1 `M 00 � N pvpppl -� M QN 00 �-i 00 n MON I -It u9 cn � Ln 00 N pp t11 M ON I 0000 -4 U"� O � M 00 I`{I o^Ow p0 oNl� Cl OM1 Ln 0p O 00p0 t0i 00 M CT 0-� N Lmn O —4 cl <rp- N Ln 1.4 0I Or %D O %0 O N ID N N � 0c0 M �O �p 00 N N N .--� c•1 a I %O 1� 00 O 00 � cC+T� 00 e� 1 •N7 •�-� � � Vk .s AJ 41 4 fa"4 3 L J2 � q o 00 / q / G| 3 r 2 r @ % 2 V- £ $ L G S _ $ C' 7 1 � 2 $ ¥ � cn f" k $ / k r �| q q R q � n # # � C'4 /) 2 20 G .\ $ 7 A r n r cl . � / 7 L 2 / $ 2 G o \ k / k o I /| 00 I 8 r, % 2 & 71.4# � $ k / / co rl � � cn $ \ / en 2 % / cl � 7 / Ln en $ C \ 1.4 en �1 / g Ln A en / 9 q f G E / q �| r o r r r 4 / % \ Ln k % 9 ƒ C ol� C / Q $ $ \ N .§ 7 \ .� LW \ $ £ k � m $ k \ � 114 1 1 1 1 1 1 1 1 1 1 r VILLAGE OF DEERFIELD, ILLINOIS PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS LAST TEN FISCAL YEARS APRIL 30, 1985 (See Following Page) H Ozz r� HOu'i ON W MOO O V1 n ON Ln LnN u1 N CT c f N O� T .-•� -4 .N-� n � 0) I CII 00 O CO �vp1 1� pC, O n UN M cn vl pp N N 3 n p��ppp �n 1! O1 Ul � M u-sOa% �MM M aOIq- N-10 00 0��OtT00 � I ON Ln GN 000 00 Cq ", c� A'+I N OCRR1. . . oll 0 M Ln O LJ N �00 00000'NM -N 09 N 000 �C N O0 I� Cr N N !fi t 3oo n n C I M r�r n yr uO1 p p N G O O N 4 --4 CD 1-1 l O O 00 M M 00 LC ����� o N O O M M M Oi M 00 M i M N 0 rl M QqQ �t d rI � .`�oaMioMi"Io°'ioopp0pi`n N p O g N O ';I � OII M 0000 %00 %.O CD -4 1.1 N n O Lr n 13 Lf O N N N M M VLn M cn ,4 -4 M ,-4 N M rl ON m � N � M N l N O O I cn I I H a .ter N N N co y N U N (1Q+y Op 04 QH r--+����CQ Mk H � O t+ v m N O% ON O 00 O% en ccn n cr� F." 1 1 1 1 1 i i 1 1 1 1 1 1 1 1 1 1 § 9 `° N 01 v, %o a, CY) N 000 N v1 M � -� N in _4 �}O • p� ON ( OMO t? t? N N} xx E w J I m M N- �p co 0 O N N N �7 O 00 CD N ONO N N 8 , O��t'O O%OO,M0 --� � try n pO 8 N cn -i �t c�v1 t/} f0 uI ON vMi��7� M M N I� pp n 'p00 O ^ N 1J Vp1 N tf1 N O� M N OHO � cn N O o^p 8 N N � I RS HI O00� 9M�uN+ �oO9N O NOON �-�pO � +C� N ONEIOO�%O CYN .t 8O 0�0 a --Ioa%O N coM co -� cn �i ON O% co UIN I <* .-4 N rNls 4x. L p O cn N I n 00 -r • v1nwa,%0 -1 ppM 'D cn o^O ON DO m N p �n p O� v1 vl r rn n m cn poi O%I M Li N -0 H N n Ln Obi �p 00 I N O P�44 p a.� m !A •� Waa C74 A C1 •.d ,-.i r--1 JJ u L 115 116 VILLAGE OF DEERFIELD, ILLINOIS ASSESSED AND ESTIMATED VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS APRIL 30, 1985 Tax Assessed Value Levy Real Personal Railroad Estimated Year Property Property Property Total Value 1975 $109,247,674 $4,577,357 $96,100 $113,921,131 $342,000,000 1976 135,719,691 4,323,321 75,099 140,118,111 420,000,000 1977 151,516,439 4,847,432 34,815 156,398,686 469,000,000 1978 167,268,250 6,900,001 .35,541 174,203,792 526,000,000 1979 187,888,610 16,018 187,904,628 564,000,000 1980 221,339,145 18,044 221,357,189 664,000,000 1981 227,433,235 24,051 227,457,286 682,000,000 1982 236,918,613 25,565 236,944,178 711,000,000 1983 235,899,599 31,938, 235,931,537 708,000,000 1984 245,799,001 39,522 245,838,523 738,000,000 * No longer assessed due to change in Illinois State Statutes. Office of the County Clerk 1 1 1 i i i 1 1 1 1 1 1 1 1 1 Hg�-1 H M �en CIN ! O .q �-00 �i cM cos 00 O p�t��0In� N .1-1 ,--1 N N N 000 NIO N O�Ln p�7�p�0 O, 4nNN n 0000 -It N N N N %D O 1.0 r- .--� ON M r. �O %0 N � 00 00 pd u O CCr .-: N N N N ^ O O ON P O O � 00 N O, 00 a0 CIN-4 Q\pLAO^u'% �? F12NN 'D N N N r� r` M N O\ ON 00 O m NO N M ON I O C! ? �O C� ^ 1 N � r-1 N N N . O .t N %0 M 00 O.DON O N co OO�t�r` �7 O ��ON ,�-1 •-•� N N N 00 -4 r` p ^: �- WN 0 S Op 8 pN 8 ON I O 00 p, Qi ^+ N N N N �+ to L �O r` 00I N 00 ( O u1pr; N O Mcn � Ln (1) N OL O% 0pp 00 N r` N N N N y j N L Ln r` Q CC ) CY) � � � N u1 �p r` N 00 00 N L O� I ,-�7 : O r` N N 00 r` r 1 .4 .,a I M 00 pMpp ,--� O O� Nc+1 O+ �O C% M Aj •--� ^-� N N N y Ucn L dl N j> L -4 F+ U —4 L L L vt •$4 • 4 W.J O L N O A U •,i O48omH W yAK� J�] Co w� �OP+ C aL A CgN p . O�"0 u •.v1 C7 di O) - • 44 O u w z 4J Q A Ems' O 117 118 VILLAGE OF DEERFIELD, ILLINOIS SPECIAL ASSESSMENT COLLECTIONS LAST TEN FISCAL YEARS APRIL 30, 1985 Fiscal Assessments Year Collections 1976 $112,201 1977 72,003 1978 64,952 1979 66,386 1980 19,436 1981 21,919 1982 22,078 1983 30,451 1984 16,248 1985 35,075 Data Source Village Records 119 k � ) \ � § $ \ 00 C, \ \ \ � \ \ � / \ � S \ � 7 \ f cp _\ ] §� / 10 ) ol r � � § » / ofC, J E a k \ 2 § / w §� © ccCA ) d ] \ �_ 7 \ a, ƒ } \ z / / / \ - b b / ) k � ] 0 § � � � ^ ] f \ a,ƒ \ 2� © � � § \ § ) § ® \ \ § j '7 / _ ) £ 2 k f` � 2 ) J §�00 2 (ol 2 2 Ol ) ' � t a & \ $ \ ) \ f � ƒ ] / 120 ' VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF LEGAL DEBT MARGIN APRIL 30, 1985 Article VII, Section 6(k) of the 1970 Illinois Constitution governs computation of the legal debt margin. "The General Assembly may limit by law the amount and require refer- endum 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 populations is more than 25,000 and less than 500,000 an aggregate of one percent:... indebtedness which is outstanding on the effective date (July 1, 1971) of this constitution or which is there- after approved by referendum... shall not be included in the foregoing percentage amounts." To date the General Assembly has set no limits for home rule municipalities. Illustrative Computation of Debt Margin if Village Were Not a Home Rule Municipality Village of Deerfield is a home rule municipality and as such has no debt limitations. If, however, the Village were a non -home rule village its available debt limit would be as follows: Assessed Valuation - Estimated Legal Debt Limit - 8.625 Amount of Debt Applicable to Limit Sewerage Improvement Bonds Sewerage Treatment Facility Bonds Corporate Purpose Bond Series 1982 Corporate Purpose Bond Series 1982-A Corporate Purpose Bond Series 1983 General Obligation Variable Rate Demand Bond Series of 1984 Police Addition Installment Contract Legal Debt Margin $245,838,523 $ 21,203,573 $ 550,000 1,050,000 500,000 450,000 450,000 4,100,000 305,000 $ 7,405,000 $ 13,798,573 1 1 121 1 1 Governmental Unit VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF DIRECT AND OVERLAPPING DEBT APRIL 30, 1985 Village of Deerfield Cook County Metropolitan Sanitary District Lake County North Shore Sanitary District Deerfield Park District Northbrook Park District Highland Park District Deerfield Elementary #109 Highland Park Elementary #108 Junior College #532 Township High School #113 Total U (1) (2) * Percentage of Debt Applicable Gross Debt to the Village $ 7,100,000 100.00 3,749,000 .081 681,200,000 .084 26,800,000 5.03 16,636,000 .03 1,100,000 94.7 10,805,000 3.71 2,075,000 1.81 1,175,000 73.28 200,000 5.87 3,555,000 6.02 650,000 27.4 ** Village's Share of Debt $ 7,100,000 303,700 572,200 1,348,000 5,000 1,041,700 400,900 37,600 861,000 11,700 214,000 178,100 ci,) n73 onn * - Determined by ratio of assessed value of property subject to taxation ' in overlapping unit to value of property subject to taxation. ** - Amount in column (2) multiplied by amount in column (1). ' Data Source (1) Office of the County Clerk (2) Office of the County Clerk 122 §| \ ; f LA ]|) \cn k � §| � �|| � & ON § \ §| In k � �|| §| � \| In \| ƒ f \ � 2 � / k f 0§ % g s\\ 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 ., 00 N N g o f? ~ N G, en aI Is A N N N In � pVp1 N f+1 CI 4 k S ti a N y � N � dI all � �I � N 00 O N N d N N N 1 N O cn RC ti II NII en N , N n n pp .ti N N N � � N N III � NI N�I N 1 N m u d W N H7 d IA .r o�p Ili O •.Q u u , •y� E4, � 1 y� �DD rp i u 123 rl 124 VILLAGE OF DEERFIELD, ILLINOIS DEMOGRAPHIC STATISTICS LAST TEN FISCAL YEARS APRIL 30, 1985 (3) Percentage of People Over (2) 25 Years of (4) Per (2) Age With Four School (5) Fiscal (1) Capita Median or More Years Enroll- Unemploy- Year Population Income Age of College ment ment 1976 18,007 $33,712 29.8 26.0 5,664 1.4 1977 17,862 34,034 31.0 26.8 5,383 1.2 1978 17,717 34,356 31.2 27.0 5,123 1.1 1979 17,753 34,678 32.0 28.0 4,838 1.0 1980 17,430 35,000 32.7 29.0 4,568 1.8 1981 17,453 37,000 33.3 29.6 4,318 1.7 1982 17,476 39,000 34.0 29.7 4,106 2.2 1983 17,487 41,000 34.7 29.8 3,933 2.1 1984 17,500 45,000 35.4 30.0 3,788 1.9 1985 17,500. 45,400 36.1 30.0 3,703 2.0 Data Sources (1) 1980 - Census figure; 1976-79 estimated by using 1976-1980 Census data; 1981-1985 derived from data from the Department of Commerce and Community Affairs. (2) 1976-1980, Northeastern Illinois Planning Commission figures; 1981-1984 based upon Deerfield Chamber of Commerce figures. (3) Percentage of people over 25 years of age or over with 4 or more years of College education. Northeastern Illinois Planning Commission. (4) Enrollment figures derived from combined enrollement of District 109 (grade school), and District 113 (high school). (5) Unemployment figures based on.1/4 of Lake County figures. 1980 Census data figures show 7.0% unemployment for Lake County and 1.8% for Deerfield. 125 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS PROPERTY VALUE, CONSTRUCTION, AND BANK DEPOSITS LAST TEN FISCAL YEARS (1) Commercial Construction Fiscal Number Year of Units Value 1976 23 $ 1,268,087 1977 37 5,336,939 1978 66 9,175,438 1979 81 5,994,271 1980 52 1,580,392 1981 59 3,235,868 1982 77 9,758,795 1983 84 20,369,020 1984 52 12,146,201 1985 101 34,504,614 Data Sources APRIL 30, 1985 (1) Residential (3) Construction (2) Total . Number Bank Property of Units Value Deposits Value 68 $3,546,559 $38,320,000 $339,000,000 144 5,443,453 40,789,000 417,000,000 121 3,649,126 40,288,000 465,000,000 50 1,176,405 42,531,000 519,000,000 67 5,650,240 49,178,000 564,000,000 85 1,852,788 52,282,000 664,000,000 86 1,689,832 53,522,000 682,000,000 104 5,673,638 63,218,000 711,000,000 46 5,131,160 63,877,000 708,000,000 50 6,552,552 64,750,000 710,800,000 (1) Construction figures - Village of Deerfield, Building and Zoning Department. (2) Bank Deposits were based on commercial bank deposits. (3) Estimated historical cost data provided by Township's Assessors Office 126 ' VILLAGE OF DEERFIELD, ILLINOIS PRINCIPAL TAXPAYERS APRIL 30, 1985 Taxpayers Travenol Labs Dearbrook Partnership Kitchens of Sara Lee Walgreen Company Tollway North Office Center United Conveyor Corporation Bannockburn Lake Office, Plaza Association Whitehall Nursing Home Dolan Associates, Inc. Briarwood Country Club Percentage 1984 of Total Assessed Assessed Business Valuation Valuatior Pharmaceuticals $11,623,910 4.73% Buildings 8,129,192 3.27 Bakery Products 5,196,310 2.11 Office - Building 3,653,300 1.49 Office - Building 2,224,330 .91 Testing Devices 1,782,990 .73 Office - Building 1,681,930 .68 Skilled Nursing Home 1,604,310 .65 Office - Building 1,521,600 .62 Private Country Club 1,055,014 .43 $38,472,886 15.62% 127 1 1 Date of Incorporation ' Form of Government Geographic Location Area ' Population 1950 1960 ' 1970 1980 1 1 1 1 1 i 1 1 1 1 E, 1 VILLAGE OF DEERFIELD, ILLINOIS MISCELLANEOUS STATISTICS APRIL 30, 1985 1903 Manager/Council North Suburban Chicago 3,288 11,748 18,876 17,430 Municipal Services & Facilities ire Protection Number of Stations 1 Number of Firemen and Officers 27 olice Protection Number of Stations 1 Number of Policemen and Officers 35 ducation Elementary Schools 7 High Schools 1 unicipal Water Department Number of Consumers 5,446 Average Daily Consumption 2,200,000 gal. Miles of Water Mains 70 Miles ewers Sanitary Sewers 60 Miles Storm Sewers 60 Miles uilding Permits Issued 431 to date commercial & residential Recreation and Culture Number of Parks 131 acres Number of Libraries 1 Number of Volumes (Approx) 113,000 mployees Administration 12