Financial Statements For Year Ended April 30, 1978VILLAGE OF DEERF IELD, ILLIN; 7 S
REPORT OIL EX_ KINATION OF
F'INANCIAL STATEMENTS
AND ADDITIONAL INFORMATION
YEAR ENDED APRIL 30, 1576
'
ToudzeRoss&Ca
VILLAGE OF DEERFIELD, ILLINOIS
C O N T E N T S
FINANCIAL STATEMENTS:
Page
1
Accountants' report
1-2
All funds:
Summary balance sheets
Summary statements of revenues, expenditures,
3
encumbrances and changes in municipal equity/
reserves
4
iGeneral
Corporate Fund:
Balance sheet
5
Statement of revenues, expenditures and
I
changes in municipal equity
6
Street and Bridge Fund:
'
Balance sheet
7
Statement of revenues, expenditures and
changes in municipal equity
8
Illinois Municipal Retirement Fund:
Balance sheet
9
'
Statement of revenues, expenditures and
changes in municipal equity
10
Police Pension Fund:
Balance sheet
11
Statement of revenues, expenditures and
changes in reserve balance
12
'
Public Benefit Fund:
Balance sheet
13
Statement of revenues, expenditures and
changes in municipal equity
14
Motor Fuel Tax Fund:
Balance sheet
15
Statement of revenues, expenditures and
changes in municipal equity
16
Federal Revenue Sharing Fund:
Balance sheet
17
Statement of revenues, expenditures and
encumbrances and changes in municipal equity
18
Deposit Fund:
Balance sheet
19
1
Statements of receipts, disbursements and
changes in reserve balance
20
1
ITouclteRctss6Gi
VILLAGE OF DEERFIELD, ILLINOIS
C O N T E N T S
1 (Continued)
Page
FINANCIAL STATEMENTS (CONTINUED):
Debt Service Fund:
I
Balance sheet
21
Statement of revenues, expenditures and
changes in municipal equity
22
jWater
System Fund:
Balance sheet
23
Statement of operations and changes in
municipal equity
24
Statement of changes in financial position
25
1
Sewerage System Fund:
Balance sheet
26
Statement of net income
27
Statement of changes in municipal equity
28
(
Statement of changes in financial position
29
Refuse Fund:
Balance sheet
30
Statement of revenues, expenditures and
changes in municipal equity
31
rSewerage
Treatment Facilities Fund:
Balance sheet
32
'
Statement of revenues, expenditures
and changes in municipal equity
33
Storm Sewer Improvement Fund:
Balance sheet
34
Statement of revenues, expenditures and
changes in municipal equity
35
rLand
Acquisition Fund:
Balance sheet
36
tmunicipal
Statement of revenues, and changes in
equity
37
Commuter Parking Lot Fund:
Balance sheet
38
Statement of revenues, expenditures and
changes in municipal equity
39
Special Assessment Funds 94, 101-102, 106-108,
111-112, S/1, S/2, S/5:
Balance sheets
40
Statements of revenues, expenditures and
changes in reserve balances
41
Touche Ross &Ca
VILLAGE OF DEERFIELD, ILLINOIS
1
C O N T E N T S.
(Continued)
Page
FINANCIAL STATEMENTS (CONTINUED):
Special Assessment Funds 3-84:
Balance sheet (unaudited)
42
General Long-term Debt Group of Accounts
43
Notes to Financial Statements
44-49
'
ADDITIONAL INFORMATION:
Accountants' Report
50
1
Real Estate Taxes
51
Licenses and permits, sales of Village services
and other revenue
52
Appropriated expenditures:
General Corporate Fund:
Administrative department
53
Police department
53
Municipal audit
54
Civil Defense Fund
54
Yous parking lot
55
Village garage.
55
Youthbond
55
Recycling
56
'
Street and Bridge Fund
56
Water System Fund:
Administration and supervision
56
Distribution
57
1
Main and fire hydrant maintenance
58
Meter maintenance
58
Sewerage System Fund:
Administration and supervision
59
'
Treatment plant
Cleaning and maintenance
59
60
Construction department
61
General Obligation Bonds
62
Water System Fund:
'
Revenue bonds payable
63
General Corporate Fund:
Combining balance sheet
64
Combining statement of revenues, expenditures
and changes in municipal equity
65
Police Pension Fund:
Investments
66
1 7DUCj12 iZOSS & CA.
i
June 16, 19
78
' BOARD OF TRUSTEES
VILLAGE OF DEERFIELD, ILLINOIS:
' We have examined the financial statements of the various
funds and the long-term debt group of accounts of the Village of
Deerfield, Illinois for the year ended April 30, 1978 listed on
the foregoing table of contents. Except as explained in the
following paragraph, 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.
The records of the existing special assessments Numbers
3-84 (issued in 1929 and prior) were incomplete as to assessments
receivable and bonds payable. Because we were unable to satisfy
ourselves by appropriate audit tests or by other means, as a
result of such incomplete records, we cannot and do not express
an opinion on the accompanying balance sheet of existing special
assessments Numbers 3-84.
' The statements of the Deerfield Public Library for the
year ended April 30, 1978 have not been included in the accom-
panying financial report. However, we have examined the
' statements of the Library and have issued our separate report
thereon dated June 16, 1978.
Except as noted below, the Village has not compiled
complete cost information related to its general fixed assets
and, accordingly, a statement of general fixed assets as required
by generally accepted accounting principles is not included
herein.
Fixed assets reflected in the Water and Sewerage System
Funds and the related depreciation expense for the year pertain
only to those assets financed by the 1959 and 1960 Water Revenue
and 1954 Sewerage Revenue bonds, respectively, and by operating
revenues subsequent to April 30, 1972. The effect of this
understatement of fixed assets, related depreciation expense and
municipal equity is not determinable.
IONE ILLINOIS CENTER -111 EAST WACKER DRIVE - CHICAGO, ILLINOIS 60601 - (312) 644-8900 - TELEX 910-221-2105
1 ToudwRm&Q 2
In our opinion, except as indicated in the preceding
paragraph, and other than the balance sheet of existing special
assessments Numbers 3-84, the financial statements referred to
above of the various funds and group of accounts, as listed in
the table of contents, of the Village of Deerfield, Illinois,
present fairly the financial position of the funds and group of
' accounts at April 30; 1978, and the results of operations of such.
funds and the changes in financial position of the Water and
Sewerage System Funds for the year then ended in conformity with
generally accepted accounting principles applied on a basis con-
sistent with that of the preceding year.
1
VILLAGE OF DEERFIELD, ILLINOIS
ALL FUNDS
SUMMARY B A L A N C E S H E E T-S
APRIL 30, 1978
ASSETS
CASH
CERTIFICATES OF DEPOSIT
DEPOSITS IN SAVINGS ACCOUNTS
U. S. GOVERNMENT OBLIGATIONS - at cost
PROPERTY TAXES RECEIVABLE
OTHER RECEIVABLES
OTHER ASSETS
FIXED ASSETS AND CONSTRUCTION IN PROGRESS
Less allowance for depreciation
AMOUNT AVAILABLE IN DEBT SERVICE FUND FOR
CURRENT BOND AND INTEREST REQUIREMENTS
AMOUNT TO BE PRDVIDED FROM FUTURE TAXATION
AND OTHER SOURCES
DUE FRCM OTHER FUNDS
LIABILITIES, RESERVES AND MUNICIPAL EQUITY
BONDS AND ACCOUNTS PAYABLE
CONTRACTS AND RETENTIONS PAYABLE
DUE TO OTHER FUNDS
UNFUNDED ACCRUED LIABILITY
RESERVE FOR ENCUMBRANCES
RESERVES
Street
Illinois
Federal
General
and
Municipal
Police
Public
Motor
Revenue
Corporate
Bridge
Retirement
Pension
Benefit
Fuel Tax
Sharing
Fund
Fund
Fund
Fund '
Fund
Fund
Fund
$ -
$ -
$ -
$ 1.0,085
$ -
$ 40,590
$ 26,504
265,000
75,000
19,000
325,000
50,000
122,490
50,000
689,544
133,661
412,456
145,563
127,175
85,454
8,151
113,291
26,008
19,201
51,370
670,552 44,800
40,838
$932,955 $220,563 $127,175 $1,623;133 $102,951 $193,452 $351,504
$ 22,490 $57,752 $ 46,903 $ - $ 12,498 $ - $ -
77,378 9,930 2,989 15,488
16,129
45,522 13,927 22,000 56,900 4,500
670,552
26,123 .1,714 28,325
952,581
MUNICIPAL EQUITY 745,313 137,240 55,283 _ 33,553 177,964 318,679
$932,955 $220,563 $127,175 $1,623,133 $102,951 $193,452 $351,504
This statement should be read.in conjunction with the
following detailed balance sheets and•related notes of
the various funds and group of accounts.
3
ToudxFDss&Ca
Special
Assessment Funds
101-102,
Sewerage
Storm
106-108,
General
Sewerage
Treatment
Sewer
Land
Commuter
111-112,
long-term
Debt
Water
system
Refuse
Facilities
Improvement
Acquisition
Parking
S/1, S/2, 3-84
debt group.
Deposit service
system
Fund-
Fund
Fund
Fund
Fund
Fund
Lot Fund
S/5 (Unaudited)
of accounts
Fund Fund
-
$48,733 $114,270
$ 10,070
$ 33,792
$ 32,798
$ 9,208
$ 2,237
$ 8,800
$ -
$112,036 $ -
$ -
110,000
135,000
175,000
438,000
119,000
40,000
69,154
367,410
248,138
128,037
120,197
43,888
340,620
14,893
794
42,142
78,004 5,943
21,937
702,854.
5,644,891
237,216
327,803
114,593
375,051-
5,530,298
514 11,941 31,642
$48,733 $631,680 $670,609 $5,871,228 $324,824 $819,470
427,520 22,531 35,146
48,733
152,507
111,,686
500
$136,630
31,642
56,900
$78,748 $279,358 $246,940
$ - $ 23,843 $ -
1,455 181,847
11,479 1,845
63,248
631,680 104,988 78,748 242,581
$136,630 $78,748 $279,358 $246,940
243,089
. 5,848,697
289,678
555,277
$48,733 $631,680
$670,609
$5,871,228
$324,824
$819,470
631,680
3,338,600
45,480
$51,423 $3,970,280
32,658 3,935,000
35,280
18,765
$51,423 $3,970,280
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ToudwRoss&Q
5
VILLAGE OF DEERFIELD, ILLINOIS
GENERAL CORPORATE FUND
BALANCE SHEET
APRIL 30, _1978
ASSETS
CERTIFICATES OF DEPOSIT
DEPOSIT IN SAVINGS ACCOUNT
PROPERTY TAXES RECEIVABLE
OTHER RECEIVABLES:
Sales tax receivable
State income taxes receivable
Fines receivable
Miscellaneous
DUE FROM OTHER FUNDS
OTHER ASSETS
$ 49,212
57,258
5,262
1,559
LIABILITIES, -RESERVE AND MUNICIPAL EQUITY
LIABILITIES:
Bank overdraft
Accounts payable.
Due to other funds
Contracts payable
TOTAL LIABILITIES
RESERVE FOR ENCUMBRANCES
MUNICIPAL EQUITY
See notes to financial statements.
$265,000
50,000
412,456
113,291
40,838
51,370
$932,955
$ 22,490
77,378
45,522
16,129
161,519
26,123
745,313
$.932, 955
,I TmdwRoss&Ca
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VILLAGE OF DEERFIELD, ILLINOIS
GENERAL CORPORATE FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
REVENUES:
Property tax levy for 1977
Adjustment of prior year's tax levy
Municipal sales tax
State income tax
Interest earned
Licenses and permits
Ordinance violation fines
Sales of Village services
Charges for services to
Water System Fund
Charges for services to
Sewerage System Fund
Other revenues
EXPENDITURES:
General Fund:
Administrative department
Police department
Municipal Audit Fund
Civil Defense Fund
Yous Parking Lot Fund
Village Garage Fund
Youthbound Fund
Recycling Fund
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
MUNICIPAL EQUITY, May 1, 1977
Estimated
revenue and
budget Actual
$ 407,781 $ 407,781
6,825
407,781 414,606
670,000
721,160
250,000
262,252
20,000
21,846
77,500
106,388
55,000
70,857
75,700
63,955
11,500 9,502
10,800
9,603
153,415
106,888
1,713,696
1,787,057
588,865 593,879
1,094,734 1,027,207
9,500
8,300
7,450
1,468
3,281
1,099
80,688
82,382
30,151,
10,665
711
TRANSFER FROM STREET AND BRIDGE FUND
MUNICIPAL EQUITY, April 30, 1978
See notes to financial statements.
1,814,669 1,725,711
($ 100,973) 61,346
659,349
24,618
$ 745,313
'
TouchePm&Ca
7
VILLAGE
OF DEERFIELD, ILLINOIS
STREET AND BRIDGE FUND
BALANCE SHEET
APRIL 30, 1978
'
ASSETS
CERTIFICATES OF DEPOSIT
$ 75,000
PROPERTY TAXES RECEIVABLE
145,563
$220,563
LIABILITIESr
RESERVE.AND MUNICIPAL EQUITY
LIABILITIES:
Bank overdraft
$57,752
Accounts payable
9,930
Due to other funds
13,927
TOTAL LIABILITIES,
81,609
'
RESERVE FOR ENCUMBRANCES
1,714
MUNICIPAL EQUITY
137,240
'
$220,563
See notes to financial
statements.
I
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VILLAGE OF DEERFIELD, ILLINOIS
STREET AND BRIDGE FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
REVENUES:
Property tax levy for 1977
Adjustment of prior year's levy
Motor vehicle licenses
Motor fuel tax reimbursement
Reimbursements for state,highwa.y
maintenance
Reimbursements for sidewalk improvements
Train station maintenance
Interest earned
Miscellaneous
EXPENDITURES:
Street and bridge expenditures
EXCESS OF REVENUES OVER EXPENDITURES
MUNICIPAL EQUITY, May 1, 1.977
TRANSFER TO GENERAL FUND
MUNICIPAL EQUITY, April 30, 1978
See notes to financial statements.
Estimated
revenue and
budget Actual
$144,000
$144,000
6,126
144,000
150,126
125,000
129,918
104,000
92,198
11,500
14,291
4,500
4,924
1,500
1,500
2,500
1,030
6,000
11,280
399,000
405,267
394,676
388,998
$ 4,324
16,269
145,589
( 24,618)
$137,240
ToudwR%s&Q
9
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VILLAGE OF DEERFIELD, ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
BALANCE SHEET
APRIL 30, 1978
ASSETS
PROPERTY TAXES RECEIVABLE
LIABILITIES AND MUNICIPAL EQUITY
LIABILITIES:
Bank overdraft
Accounts payable
Due to General Fund
TOTAL LIABILITIES'
MUNICIPAL EQUITY
See notes to financial statements.
$127,175
$46,903
2,989
22,000
71,892
55,283
$127,175
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VILLAGE OF DEERFIELD, ILLINOIS
ILLINOIS MUNICIPAL RETIREMENT FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
YEAR,ENDED APRIL 30, 1978
Estimated
revenue and
budget Actual
REVENUES:
Property tax levy for 1971 $125,000 $125,000
Adjustment of prior year's levy 2,606
125,000 127,606
Contributions - employees 109,664
237,270
EXPENDITURES:
Pension
contribution (Note.E)
125,000 132,123
Fund deposits - employees
109,664
125,000 241,787
EXCESS OF
EXPENDITURES OVER REVENUES
$ - ( 4,517)
MUNICIPAL
EQUITY, May 1, 1977
59,800
MUNICIPAL
EQUITY, April 30, 1978
$ 55,283
See notes to finanical statements.
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ToudwRoss&Ca
VILLAGE OF DEERFIELD, ILLINOIS
POLICE PENSION FUND
BALANCE SHEET
APRIL 30, 1978
ASSETS
CASH:
11
Deposited in checking accounts $ 10,085
Deposited in savings accounts 122,490
132,575
CERTIFICATES OF DEPOSIT 19,000
U. Se GOVERNMENT OBLIGATIONS -
at cost which approximates market 689,544
ACCRUED INTEREST RECEIVABLE 25,018
PROPERTY TAXES RECEIVABLE 85,454
OTHER RECEIVABLES 990
AMOUNT TO BE PROVIDED FROM FUTURE TAXATION
AND OTHER SOURCES FOR'PAYMENT OF UNFUNDED
ACCRUED LIABILITY (NOTE E) 670,552
$1,623,133
LIABILITY AND RESERVE
UNFUNDED LIABILITY (Note E)
RESERVE FOR PAYMENT OF PENSIONS (Note E)
See notes to financial statements.
$ 670,552
952,581
$1,623,133
ITouGheRass&Ca
12
VILLAGE OF DEERFIELD, ILLINOIS
POLICE PENSION FUND
STATEMENT OF REVENUES, EXPENDITURES
'
AND CHANGES IN RESERVE BALANCE
YEAR ENDED APRIL 30, 1978
REVENUES:
Property tax levy for 1977
$ 85,000
Adjustment of prior year's taxes
1,840
86,840
Interest earned
56,673
Contributions by employees
52,745
196,258
EXPENDITURES:
Payments of pensions and benefits
24,745
Refund of employee contributions
8,946
Miscellaneous
22
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33,713
EXCESS OF REVENUES OVER EXPENDITURES
•162,545
RESERVE BALANCE, May 1, 1977
790,036
RESERVE BALANCE, April 30, 1978
$952,581
See notes to financial statements.
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ToudwRass&Ca
VILLAGE OF DEERFIELD, ILLINOIS
PUBLIC BENEFIT FUND
BALANCE SHEET
APRIL 30, 1978
ASSETS
13
DEPOSITS IN SAVINGS ACCOUNTS $ 50,000
PROPERTY TAXES RECEIVABLE 8,.151
AMOUNT TO BE PROVIDED FROM FUTURE
TAXATION - principal only 44,800
$102,951
LIABILITIES AND MUNICIPAL EQUITY
LIABILITIES:
Bank overdraft $ 12,498:
Payable to special assessment funds 56,900
TOTAL LIABILITIES 69,398
MUNICIPAL EQUITY 33,553
$102,951
See notes to financial statements.
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ToudwRass&Ca 14
VILLAGE OF DEERFIELD, ILLINOIS
PUBLIC BENEFIT FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
. ,YEAR ENDED APRIL 30, 1978
Budget Actual
REVENUES:
Property tax levy for 1977. $ 8,000. $ 8,000
Interest earned 1,500 3,881
Rebates 2,000
11,500 11,881
EXPENDITURES:
Interest on public benefit portion
of special assessments 19,000 4,298
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES. ($ 7,500) 7,583
MUNICIPAL EQUITY, May 1, 1917 32,370
REDUCTION IN TAXES TO BE -LEVIED IN FUTURE YEARS ( 6,400)
MUNICIPAL EQUITY, April 30, 1978 $33,533
See notes.to financial statements.
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ToucheR%s&Ca
VILLAGE OF DEERFIELD, ILLINOIS
MOTOR FUEL TAX FUND
BALANCE SHEET
AFRIL 30, 1978
ASSETS
CASH
U.S. GOVERNMENT OBLIGATIONS*- at cost which
approximates market
ALLOTMENT RECEIVABLE FROM STATE OF ILLINOIS
LIABILITY AND MUNICIPAL EQUITY
ACCOUNTS PAYABLE
MUNICIPAL EQUITY:
Reserved for future project allocation
Project expenditures in excess of
allocation -.net
Reserved for future project expenditures
See notes to financial statements.
15
$ 40,590
133,661
19,201
$1,93,452
$ 15,488
208,683
( 30,719)
177,964
$193,452
ToudwRoss&Ca
VILLAGE OF DEERFIELD, ILLINOIS
MOTOR FUEL TAX FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL-30, 1978.
REVENUES:
Allotments from State of Illinois
Interest earned
EXPENDITURES - project payments.
EXCESS OF EXPENDITURES .OVER REVENUES
MUNICIPAL EQUITY, May 1, 1977
MUNICIPAL EQUITY, April 30, 1918
See notes to financial statements.
16
Estimated
revenue
and budget
Actual
$225,000
$239,937
13,800
.9,279
238,800
249,216
344,500
284,564
($ 13,800)
35,348
213,3-12
$177,964
Towhelbss&Q
VILLAGE OF DEERFIELD, ILLINOIS
' FEDERAL_ REVENUE SHARING FUND
BALANCE SHEET
' APRIL 30, 1978
ASSETS
' CASH
CERTIFICATES OF DEPOSIT
LIABILITIES, RESERVE, AND MUNICIPAL EQUITY
LIABILITIES:
Due to General Fund
Due to Storm Sewer Improvement Fund
TOTAL LIABILITIES
RESERVE FOR ENCUMBRANCES
MUNICIPAL EQUITY:
Appropriated for future projects
Unappropriated
See notes to financial statements.
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$ 26,504
325,000
$351,504
$ 4,000
500
4,500
28,325
8,500
310,179
318,679
$351,504
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ToudieRoss&Ca
VILLAGE OF DEERFIELD, ILLINOIS
FEDERAL REVENUE SHARING FUND
STATEMENT OF REVENUES, EXPENDITURE AND ENCUMBRANCE
AND CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
REVENUES:
Interest earned
Federal revenue -sharing entitlements
COMPLETION OF PREVIOUSLY APPROPRIATED PROJECT
NET INCREASE IN MUNICIPAL EQUITY
MUNICIPAL EQUITY, MAY 1, 1977
MUNICIPAL EQUITY, April 30, 1978
See notes to financial statements.
M
$ 12,583
111,178
123,761
4,600
119,161
199,518
$318,679
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19
VILLAGE OF DEERFIELD, ILLINOIS
DEPOSIT FUND
BALANCE SHEET
APRIL 30, 1978
CASH $48,733
RESERVE BALANCE $48,733
See notes to financial statements.
ToudwRoss&Ch.
20
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VILLAGE OF DEERFIELD, ILLINOIS
DEPOSIT FUND
STATEMENT OF RECEIPTS, DISBURSEMENTS AND
CHANGES IN RESERVE BALANCE
YEAR ENDED APRIL 30, 1978
RECEIPTS - DEPOSITS $26,472
DISBURSEMENTS - REFUNDS 19,822
EXCESS OF RECEIPTS.OVER DISBURSEMENTS 6,650
RESERVE BALANCE, MAY 1, 1977 42,083
RESERVE BALANCE, APRIL 30, 1978 $4.8,733
See notes to financial statements.
TotdieRass&Qi
21
VILLAGE OF DEERFIELD, ILLINOIS
DEBT SERVICE FUND
CASH
CERTIFICATES OF DEPOSIT
DEPOSITS IN SAVINGS ACCOUNTS
PROPERTY TAXES RECEIVABLE
.BALANCE SHEET
APRIL 30, 1978
ASSETS
MUNICIPAL EQUITY
MUNICIPAL EQUITY:
Appropriated for principal and interest
due within one year $539,525
Unappropriated 92,155
See notes to financial statements.
$114,270
110,000
40,000
367,410
$631,680
$631,680
ToudwRuss&Cn
22
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VILLAGE OF DEERFIELD, ILLINOIS
DEBT SERVICE FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
REVENUES:
Property tax levy for 1977
Adjustment of prior year's tax levy
Interest earned
EXPENDITURES:
Principal and interest payments on:
Sewer improvement bonds - 1960
Public library bonds
Sewerage treatment facilities bonds
Sewer improvement bonds - 1973
Land acquisition bonds
Service fees
EXCESS OF EXPENDITURES OVER REVENUES
MUNICIPAL EQUITY, May 1, 1977
MUNICIPAL,
UNICIP L, April 30, 1978
See notes to financial statements.
$367,038
14,801
381,839
10,520
392,359
51 .300
112,000
169,375
75,525
124,625
532,825
1,843
534,668
( 142,309)
773,989
$631,680
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VILLAGE OF DEERFIELD, ILLINOIS
WATER SYSTEM FUND
BALANCE SHEET
APRIL 30, 1978
ASSETS
CURRENT ASSETS:
Cash (Note B)
Certificates of deposit
Accounts receivable from customers for water
service:
Billed
Estimated unbilled
Inventory of repair parts
Due from other funds
TOTAL CURRENT ASSETS
PROPERTY, PLANT AND EQUIPMENT (Note A):
Water system
Equipment
Less allowance for depreciation
LIABILITIES AND MUNICIPAL EQUITY
LIABILITIES:
Accounts payable
Revenue bonds payable (Notes C and D)
TOTAL LIABILITIES
MUNICIPAL EQUITY
See notes to financial statements.
$47,217
80,820
23
$ 10,070
135,000
128,037
21,937
514
295,558
670,000
32,854
702,854
327,803
375,051
$670,609
$ 32,520
395,000
427,520
243,089
$670,609
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ToucheRoss&Ca
VILLAGE OF DEERFIELD, ILLINOIS
WATER SYSTEM FUND
STATEMENT OF OPERATIONS AND
CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
OPERATING REVENUES:
Water sales
Water permits and fees
Penalties and fines
Miscellaneous revenue
OPERATING EXPENSES:
Administration and supervision
Distribution (include.s $403,248 for
water purchases)
Main and fire hydrant maintenance
Meter maintenance
OPERATING INCOME BEFORE DEPRECIATION
DEPRECIATION
OPERATING INCOME
OTHER INCOME (EXPENSE):
Interest earned on investments
Interest expense
NET INCOME
MUNICIPAL EQUITY, May 1, 1977
MUNICIPAL EQUITY, April 30, 1978
See notes to financial statements.
24
$686,711
9,328
4,386
20
43,492
435,355
76,584
32,643.
588,074
112,371
20,836
91,535
5,161
( 18,900)
77,796
165,293
$243,089
TMC6Rass&Ca 25
VILLAGE OF DEERFIELD,.ILLINOIS
` WATER SYSTEM FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
YEAR ENDED APRIL 30, 1978
SOURCE OF FUNDS:
From operations:
Net income
$77,796
Depreciation, which did not affect working
capital.
20,836
Total funds provided from operations
98,632
APPLICATION OF FUNDS:
Retirement of Water Revenue bonds
25,000
Additions to Property, Plant and Equipment
9,129
34,129
INCREASE IN WORKING CAPITAL
$64,503
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
p
Cash
($ 7,937)
Certificates of deposit
20,000
Accounts receivable, including unbilled sales
39,555
Due from other funds
514
Inventory
7,642
59,774
Decrease in current liabilities:
Accounts payable
3,108
Due to other funds
1,621
4,729
INCREASE IN WORKING CAPITAL
$64,503
See notes to financial statements.;
1 ToudteRoss&%
PA
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE SYSTEM FUND
BALANCE SHEET
APRIL 30, 1978
ASSETS
CURRENT ASSETS:
Cash
Certificates of deposit
Accounts receivable from customers for
sewer service:
Billed
Estimated unbilled
Due from other funds
TOTAL CURRENT ASSETS
PROPERTY, PLANT AND -EQUIPMENT AND
CONSTRUCTION IN PROGRESS:
Equipment
Sewerage system
Construction in progress
Less allowance for depreciation
$ 43,764
76,433
LIABILITY AND MUNICIPAL EQUITY
ACCOUNTS PAYABLE.
MUNICIPAL EQUITY:
Contributed equity (Note F)
Retained earnings:
Appropriated for future maintenance and
repairs (Note F)
.Unappropriated
TOTAL MUNICIPAL EQUITY
See notes to financial statements.
$ 33,792
175,000
120,,197
11,941
340,930
47,984
160,000
5,436,907
5,644,891
114,593
5,530,298
$5,871,228
$ 22,531
5,470,907
$ 58,221
319,569 377,790
_5,848,697
$5,871,228
TOWIVRDSS&Ca
27
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE SYSTEM FUND
STATEMENT OF NET INCOME
YEAR ENDED APRIL 30, 1978
OPERATING REVENUE:
Sewer charges and penalties
$457,305
Permits and connection fees
4,370
Construction surcharges (Note F)
.20,598
Other surcharges.
4;855
487,128
OPERATING E PENSES:
X
Administration and supervision
41,762
Treatment plant
215,651
Cleaning and maintenance
61,156
Construction department
43,831
362,400
OPERATING INCOME BEFORE' DEPRECIATION
124,728
DEPRECIATION
11,796
OPERATING INCOME
112,932
INTEREST EARNED ON INVESTMENTS
8,608
NET INCOME
$121,540
to financial
See notes statements.
ToucheRoss&Ca
28
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE SYSTEM FUND
STATEMENT OF CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
BALANCE, May 1, 1977
NET INCOME
CONTRIBUTIONS FROM SEWERAGE TREATMENT
FACILITIES FUND
BALANCE, April 30, 1978
See notes to financial statements.
Retained Contributed
earnings equity
$256,250 $4,926,239
121,540
544,668
$377,790 $5,470,907
TttK{i¢RQf'S&Q.e
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VILLAGE OF DEERFIELD, ILLINOIS
- SEWERAGE SYSTEM FUND
STATEMENT OF CHANGES IN FINANCIAL POSITION
YEAR ENDED APRIL 30, 1978
SOURCE OF FUNDS:
From operations:
Net income $121,540
Depreciation, which did not affect working
capital 11,796
Total funds provided from operations 133,336
Con tributions.from Sewerage Treatment Facilities
Fund 544,668
678,004
APPLICATION OF FUNDS:
Addition to property, plant and equipment and
construction in progress 557,654
NET INCREASE IN WORKING CAPITAL $120,350
CHANGES IN COMPONENTS OF WORKING CAPITAL:
Increase (decrease) in current assets:
Cash
($ 15,686)
Certificates of deposit
75,000
Accounts receivable
33,191
Estimated unbilled sewer service
30,537
Due from other funds
10,894
133,936
Increase in current liability:
Accounts payable
13,586
INCREASE IN WORKING CAPITAL
$120,350
See notes to financial statements.
30
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ToudwRoss&G
VILLAGE OF DEERFIELD, ILLINOIS
REFUSE FUND
BALANCE SHEET
APRIL 30, 1978
ASSETS
CASH
PROPERTY TAXES RECEIVABLE
DUE FROM CUSTOMERS FOR REFUSE SERVICE,
including $31,599 for unbilled services'
LIABILITY AND MUNICIPAL EQUITY
ACCOUNTS PAYABLE
MUNICIPAL EQUITY
See notes to financial statements.
$ 32,798
248,138
43,888
$324,824
$ 35,146
289,678
$324,824
31
VILLAGE OF DEERFIELD, ILLINOIS
REFUSE FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
Estimated
revenue
and
budget Actual
REVENUES:
Property tax levy for 1977
$245,000
$245,000
Adjustment to prior year's levy
_ __
4,597
245,000
249,597
Refuse billing
145,000
174,323
Interest earned
2,500
2,722
Miscellaneous
1,000
1,159
393,500
427,801
EXPENDITURES:
Contractual services
394,000
397,294
Interdepartmental billing charges
6,000
6,000
Insurance
3,500
3,139
Other
2,500
1,933
406,000 408,366
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES ($ 12,500) 19,435
MUNICIPAL EQUITY, May 1, 1977 270,243
MUNICIPAL EQUITY, April 30, 1978 $289,678
See notes to financial statements.
n
T0wJw pass &Ca
32
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE TREATMENT FACILITIES FUND
BALANCE SHEET
APRIL 30, 1978
ASSETS
CASH
$ 9,208
CERTIFICATES OF DEPOSIT
438,000
RECEIVABLE FROM ENVIRONMENTAL PROTECTION AGENCY
339,325
DUE FROM STORM SEWER IMPROVEMENT FUND
31,642
ACCRUED INTEREST RECEIVABLE
1,295
$819,470
LIABILITIES, RESERVES AND MUNICIPAL EQUITY
RETENTIONS PAYABLE
$129,020
CONTRACTS PAYABLE
23,487
Total liabilities
152,507
RESERVE FOR ENCUMBRANCES -.
111,686
MUNICIPAL EQUITY
555,277
$819,470
See notes to financial statements.
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VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE TREATMENT FACILITIES FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
REVENUES:
Environmental Protection Agency grant $ 57,993
Interest earned 31,874
89,867
EXPENDITURES - engineering and other fees 119,636
EXCESS OF EXPENDITURES OVER REVENUES 29,769
MUNICIPAL EQUITY, May 1; 1977 585,046
MUNICIPAL EQUITY, April 30, 1978 $555,277
See notes to financial statements.
Touche Ross &Ca
34
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VILLAGE OF DEERFIELD, ILLINOIS
STORM SEWER IMPROVEMENT FUND
BALANCE SHEET
APRIL 30, 1978
ASSETS -
CAS H
CERTIFICATE OF DEPOSIT
RECEIVABLE FROM ENVIRONMENTAL PROTECTION AGENCY
DUE FROM FEDERAL REVENUE SHARING FUND
LIABILITY AND MUNICIPAL EQUITY
DUE TO SEWERAGE TREATMENT FACILITIES FUND
MUNICIPAL EQUITY
See notes to financial statements.
$ 2,237
119,000
14,893
500
$136,630
$ 31,642
104,988
$136,630
ToudwRoss&Ca
35
VILLAGE OF DEERFIELD, ILLINOIS
STORM SEWER IMPROVEMENT FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
'
REVENUES:
Interest earned
$ 5,663
IPrior
year's encumbrances released
1,589
7,252
EXPENDITURES - engineering and other fees
2,128
EXCESS OF REVENUES OVER EXPENDITURES
5,124
MUNICIPAL EQUITY, May 1, 1977
99,864
MUNICIPAL EQUITY, April.30, 1978
$104,988
See notes to financial statements.
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TowJ7eRoss&Ca
VILLAGE OF DEERFIELD, ILLINOIS
LAND ACQUISITION FUND
BALANCE SHEET
APRIL 30, 1978.
ASSETS
36
CASH $ 8,800
U. S. GOVERNMENT OBLIGATIONS - at cost which
approximates market 69,154
ACCRUED INTEREST RECEIVABLE 794
$78,748
MUNICIPAL EQUITY
MUNICIPAL EQUITY (Note G) $78,748
See notes to financial statements.
Toud w Ross &Gh
37
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VILLAGE OF DEERFIELD, ILLINOIS
LAND ACQUISITION FUND
STATEMENT OF REVENUES AND
CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
REVENUES:
Interest earned
MUNICIPAL EQUITY, May 1, 1977
MUNICIPAL EQUITY,.April 30, 1978
See notes to financial statements.
$ 7,948
70,800
$78,748
ToudwRoss&Ca
38
VILLAGE
OF DEERFIELD, ILLINOIS
COMMUTER PARKING LOT FUND
r
BALANCE SHEET
APRIL 30, 1.978
'
Fund
Construc-
Operating
tion
Combined
ASSETS
-
DUE FROM ILLINOIS DEPARTMENT OF
TRANSPORTATION
$ -
$42,142
$ 42,142
CONSTRUCTION IN PROGRESS
237,216
237,216
'
$237,216
$42,142
$279,358
rLIABILITIES
AND MUNICIPAL EQUITY
1
LIABILITIES: Bank overdraft
($ 17,684)
$41,527
$ 23,843
Accounts payable
1,455
1,455
Due to other funds
10,864
615
_11,479
'
( 5,365)
42,142
36,777
MUNICIPAL EQUITY:
Contributed equity
237,216
237,216
Unappropriated
5,365
5,365
1
242,581
242,581
$237,216
$42,142
$279,358
See notesto financial
statements.
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TowJw Ross &Ca
39
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VILLAGE OF DEERFIELD, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN MUNICIPAL EQUITY
YEAR ENDED APRIL 30, 1978
REVENUES:
Grant from Illinois Department of
Transportation
Meter and parking permit collec-
tions
EXPENDITURES:
Contractual services
Professional fees
Materials
Miscellaneous
EXCESS OF REVENUES OVER EXPENDITURES
MUNICIPAL EQUITY, May 1, 1977
COSTS OF CONSTRUCTION INCURRED TO
DATE, including land contributed
by Village of $77,500
MUNICIPAL EQUITY, April 30, 1978
See notes to financial statements.
Fund
Construc-
Operating tion Combined
$ -
$150,038
$150,038
7,139
7,139
7,139
150,038
157,177
128,578
128,578
12,040
12,040
9,420
.9,420
1,774
1,774
1;774
150,038
151,812
5,365
5,365
237,216 237,216
$242,581 $ - $242,581
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42
VILLAGE OF DEERFIELD, ILLINOIS
SPECIAL ASSESSMENT FUNDS 3-84
BALANCE SHEET
APRIL 30, 1978
(Unaudited)
ASSETS
ASSESSMENTS RECEIVABLE
DUE FROM GENERAL CORPORATE FUND
LIABILITIES AND RESERVE BALANCE
BONDS AND VOUCHERS PAYABLE
RESERVE FOR REFUND OF ASSESSMENTS, -no -change
during the year
Note: Refer to accountant's report.
Combined
funds
$ 5,943
45,480
$51,423
$32,658
18,765
$51,423
va
Touch°Fvss&Cot 43
VILLAGE OF DEERFIELD, ILLINOIS
GENERAL LONG-TERM DEBT GROUP OF ACCOUNTS
STATEMENT OF GENERAL LONG-TERM DEBT
APRIL 30, 1978
ASSETS
AMOUNT AVAILABLE IN DEBT SERVICE FUND FOR
CURRENT BOND AND INTEREST REQUIREMENTS- $ 631,680
AMOUNT TO BE PROVIDED FROM FUTURE TAXATION
FOR RETIREMENT OF LONG-TERM GENERAL OBLIGA-
TION BONDS AND CONTRACTUAL OBLIGATIONS 3,338,600
$3,970,280
LIABILITIES
GENERAL OBLIGATION BONDS'PAYABLE.(Note C) $3,935,000
CONTRACTS PAYABLE 35,280
$3,970,280
See notes to financial statements.
ITixuc/teRass&GA
44
1
1
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED APRIL 30, 1978
Note A - Summary of Significant Accounting Policies:
The Village follows fund accounting principles as
appropriate for local governmental units.
For all funds other than the Water System Fund and the
Sewerage System Fund, which are on the full accrual basis, the
modified accrual basis of accounting is used. Revenue is recog-
nized when received in cash except for revenues susceptible to
accrual and amounts that are not received at the normal time of
receipt, and expenditures are recorded when encumbered, except
principal and interest payments on long-term debt, which are
recognized when paid.
All investments are stated at cost, which approximates
market.
Fixed assets are charged to current expenditures when
purchased and are not capitalized, except for those of the water
and the sewerage systems funds. Property, -plant and equipment as
reflected in the Water System and the related depreciation expen-
se for the current year, pertain only ;to those assets financed by
the 1959 and 1960 Water Revenue Bond issues and by operating
revenues subsequent to April 30, 1972. Property, plant and
equipment as reflected in the Sewerage System Fund and the
related depreciation expense for the current year, pertain only
to assets financed by the 1954 Sewerage Revenue Bond issue and by
operating revenues subsequent to April 30, 1972. The cost of
assets acquired from operating revenues Iof each Fund prior to May
1, 1972 or by means other than those enumerated, were not capi-
talized and are not determinable.
Straight-line depreciation is provided on the fixed
assets of the Water System and Sewerage System funds over the
estimated useful lives as follows:
Water and sewer systems 40 years
Equipment 5-10 years
Note B - Water System Fund - Cash and Investment Restrictions:
Revenue bonds have been sold to provide for the con-
struction and acquisition of the Water System. Under the terms
of the ordinances authorizing the bonds, revenues from operations
are to be used first to pay maintenance and operating expenses
(Operation and Maintenance Account), and to pay current maturi-
ties of principal and interest on outstanding indebtedness
ToudteFass&in
VILLAGE OF DEERFIELD, ILLINOIS
45
1
1
1
1
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED APRIL 30, 1978
(Continued)
(Bond and .Interest Account). After such payments have been made,
remaining funds are to be used to accumulate reserves for future
debt service (Bond Reserve Account) and to provide an adequate
depreciation fund to pay the cost of necessary replacements
(Depreciation Account). The Improvements and Extension Account
and Surplus and Bond Redemption Account are used to accumulate
excess amounts over the requirements of the previous four
accounts. Contributions to the Bond Reserve Account are required
at the rate of $950 per month until the account totals $52,000.
Contributions to the Depreciation Account are required at the
rate of $250 per month until the account totals $15,000. Contri-
butions to the Improvements and Extention Account equal one-half
of any amounts remaining after the previous requirements have
been met to a maximum of $100,000. The remaining one-half is
credited to the Surplus and Bond:Redemption Accounts.
follows:
Water System cash and investments are restricted as
Operations and. Maintenance
Bond and Interest Account
Bond Reserve Account
Depreciation Account
Improvements and Extension
Surplus and Bond Redemption
Account
Account
Accounts
$ 49,000
52,000
15,000
14,535
14,535
$145,070
ToudwRoss&Ca
VILLAGE OF DEERFIELD,- ILLINOIS
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED APRIL 30, 1978
(Continued)
Note C - Long-term Debt:
General Obligation Bonds:
The General Obligation Bond issues outstanding as of
April 30, 1978 are as follows:
Current Long-term
portion portion Total
4% Sewer Improvement Bonds,
payable $45,000 annually,
with final payment due
June 1, 1980 $
45,000 $
6% Public Library Bonds,
payable $100,000 annually,
with final payment due
December 1, 1978
100,000
4.4%-6% Sewerage Treatment
Facilities Bonds„ payable in
amounts ranging from $75,000
- $150,000 annually, with
final payment due December
1, 1992
75,000
4.4%-5.7% Sewer Improvement
Bonds, payable in amounts
ranging from $25,000 -
$75,000 annually, with final
payment due December.1, 1992
25,000
5.4%-6% Land Acquisition Bonds,
payable in amounts ranging from
$100,000 - $150,000 annually,
with final payment due
90,000 $ 135,000
100,000
1,800,000 1,875,000
1,000,000 1,025,000
December 1, 1984 100,000 700,000 800,000
$345,'000 $3,590,000 $3,935,000
46
Toudw]?Dss&Q
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS
' YEAR ENDED APRIL 30, 1978
(Continued)
' Water System Fund Debt:
Bond issue
' series of
1959 1960
' Total principal outstanding, long-term $320,000 $75,000
Interest rates vary from 44r 1/ % 4-1/4%
to 4-3/4 4-3/4
' Final payment date 1990 1990
' Cash for bonds maturing on May 1, 1978 in the amount of
$25,000, plus interest of $9,450 due on that date, has been de-
posited with the paying agent as of April 30, 1978.
Note D - Restriction on Additional
Bond Issuance - Water System Fund:
' The revenue bond ordinances provide that additional
parity bonds may not be issued unless the experienced net reven-
ues of the system (as defined) or the adjusted net revenues of
the system (as defined) are equal to 130% or 150%, respectively,
of the maximum annual debt service on debt currently outstanding
plus debt to be issued. Additionally, the accounts required by
the ordinance, as described in Note B, must.contain the minimum
amounts required to be, credited thereto.
Note E - Pension Funds:
Village employees participate in pension funds adminis-
tered by various agencies of the State of Illinois which cover
virtually all municipal personnel. The excess, if any, of the
actuarially computed value of vested benefits over the pension
' fund balance is not available.
The Village's pension costs and the manner in which
they are reflected in the various funds are as follows:
Police:
The Police Pension Fund is used to account for the
assets reserved for and costs associated with pensions for police
of the Village. The cost of maintaining the fund is financed
47
Toi" dwRm&Ca
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED APRIL 30, 1978
(Continued)
through allocation of a portion of the general tax levy,'interest
income on assets accumulated for future payments and contribu-
tions by participants.
Calculations supplied by the Department of Insurance of
' the State of Illinois indicate that the Fund has $670,552 of un-
funded accrued liabilities as of April 30, 1977, the most recent
actuarial report date. These calculations indicate that in order
' to amortize the unfunded liability and provide for normal costs
in accordance with the provisions of the applicable statutes, in
1978, a minimum of $1051513 in net tax.revenues must be realized.
Other Employees:
Virtually all other employees are covered by the
Illinois Municipal Retirement Fund (IMRF) administered by an
agency of the State of -Illinois. The IMRF receives and holds the
Village and employee contributions which serve to finance future
pensions. The assets and re.serves_of the IMRF are not recorded
in the accounts of the municipality. Contributions include an
amount sufficient to liquidate prior service costs over a period
not to exceed forty years. The only pension -related costs for
' the current year reflected in the accompanying financial state-
ments are the municipality's contributions to the IMRF totaling
$132,123, which are included in the expenditures of the Illinois
Municipal Retirement Fund.
Note F - Sewerage System Fund - Municipal Equity:
Appropriation'of Sewerage System Retained Earnings:
' On January 21, 1974, the Village passed an ordinance
providing for a surcharge to be assessed against users of the
Sewerage System: The earnings from this surcharge are to be
appropriated for future maintenance of and repairs to the
sewerage system of the Village.
Contributed Equity:
' Contributed equity arose principally from the construc-
tion of a new sewerage treatment facility. Construction monies
' were furnished from sources other than financing and operations
of the Sewerage System Fund.
48
TaucheRass&Ca
VILLAGE OF DEERFIELD, ILLINOIS
' NOTES TO FINANCIAL STATEMENTS
YEAR ENDED APRIL 30, 1978
(Continued)
' - Contingent Liabilit :
Note G g Y
' In fiscal year 1975, the Village received a $250,000
grant from the State of Illinois (recorded as revenue in the Land
Acquisition Fund) to be used for the purchase of certain property
' for the construction, operation and maintenance of a floodwater
retarding structure and associated recreation development. Under
the terms of the contribution agreement, if the property has not
been used for construction of the floodwater retarding structure
' on or before November 18, 1979, the Village must return the money
to the State. Upon mutual agreement between the Village and the
State, the expiration date may be extended.
Note H - Commitments:
The Village has begun to sign construction contracts in
connection with Special,Assessments 113 and 114. The total cost
of these special assessments is estimated to be approximately
$45,000 and $380,000, respectively.
49
' ToucheRoss &Ca so
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ADDITIONAL INFORMATION
The additional information presented in the following
pages, which has been taken from the accounting and other records
of the Village, has been subjected to the tests and other audit-
ing procedures applied in our examination of the financial state-
ments of the various funds of the Village of Deerfield, Illinois,
for the year ended April 30, 1978. In our opinion, such infor-
mation is fairly presented in all material respects in relation
to the financial statements taken as a whole, although. it is not
necessary for a fair presentation of financial position or
results of operations.
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TowheRoss&CA
VILLAGE OF DEERFIELD
52
1
1
11
I
1
LICENSES AND PERMITS, SALES OF VILLAGE SERVICES
AND OTHER REVENUE
YEAR ENDED APRIL 30, 1978
GENERAL CORPORATE FUND:
Licenses and permits:
Beer and liquor
Contractors
Food
Animal
Miscellaneous nonbusiness
Other business
Building permits
Alarm users
Other revenues:
Engineering charges
Special police services
State grants
Rental income - net
Youth bound Program
Maps and publications
Telephone,service
False alarms
Police services - Riverwoods
Miscellaneous
Sales of'Village services:
Garage charges to street and bridges
Transfer charges
Garage charges to general
Intrafund eliminations
Over
(under)
Budget Actual budget
$ 23,000
$ 25,875
$ 2,875
1,016
1,016
1,500
808
( 692)
4,500
4,532
32
18,000
21,395
3,395
5,500
7,361
1,861
25,000
45,053
20,053
348
348
$ 77,500
$106,388
$28,888
$ 40,000
$ 11,385
($28,615)
18,000
19,775
1,775
24,000
11,941
( 12,059)
8,000
6,436
( 1,564)
13,915
3,829
( 10,086)
500
451
( 49)
1,608
1,608
3,140
3,140
39,000
24,763
( 14,237)
10,000
23,560
13,560
$153,415 $106,888 ($46,527)
$ 38,000 $ 45,955 $ 7,955
18,000 18,000
19,700 20,584 884
75,700 84,539 8,839
( 20,584)( 20,584)
$ 75,700 $ 63,955 ($11,745)
' ToudwRm&Ca 53
VILLAGE OF DEERFIELD, ILLINOIS
A P P R O P R I A T E D E X
P E N D
I T U R E S
YEAR ENDED APRIL
30, 1978
(Over)
under
'
Budget
Actual
budget
GENERAL CORPORATE FUND:
General. Fund:
Administrative Department:
Salaries $
307,300
$ 293,006
$14,294
Overtime
6,000
2,477
3,523
Part-time
Employee benefits
48,460
14,800
45,862
15,059
2,598
( 259)
Professional services
51,750
54,944
( 3,194)
Apparel
100
102
( 2)
1
Travel and dues
8,200
7,450
750
Printing and advertising
4,500
5,234
( 734)
Communications
11,800
12,485
( 685)
Insurance
13,500
15,810
( 2,310)
'
Contractual services
19,800
15,871
3,929
Utility services
2,000
1,544
456
Motor vehicle maintenance
3,500
21007
1,493
1
Motor vehicle supplies
1,500
1,171
329
Repairs and maintenance
7,000
7,046
( 46)
Supplies
16,000
14,410
1,590.
New motor vehicles
3,800
4,538
( 738)
1
Equipment
2,855
2,928
( 73)
Land acquisition
49,000
45,956
3,044
Election Board
1,500
1,500
Advisory Boards
8,500
5,632
2,868
Dog pound
5,000
5,338
( 338)
Judgment
36,000
( 36,000)
Miscellaneous
2,000
1,564
436
588,865
596,434
( 7,569)
Intrafund eliminations
-
( 2,555)
2,555
$
588,865
$ 593,879
($ 5,014)
'
Police Department:
Salaries $
760,943
$ 719,641
$41,302,
'
Overtime
60,760
54,120
6,640
Part-time
42,589
44,336
( 1,747)
Employee benefits
41,857.
32,826
9,031
Professional services
3,900
302
3,598
'
Apparel
11,075
10,380
695
ITrnaheRoss bGt
VILLAGE OF DEERFIELD, ILLINOIS
54
1
1
A P P R O P R I A T E D E.X P E N D I T U R E S
YEAR ENDED APRIL 30, 1978
(Continued)
GENERAL CORPORATE FUND (CONTINUED):
General Fund (Continued):
Police Department (Continued):
Travel, training and dues
Printing and advertising
Communications
Insurance
Contractual services.
Motor vehicle maintenance
Motor vehicle supplies
Repairs and maintenance
Supplies
New motor vehicles
Equipment
Advisory Boards
Police planner
Intrafund eliminations'
Municipal Audit:
Contractual services
Civil Defense:
Travel, training and dues
Communications
Insurance
Contractual
Motor vehicle maintenance
Repairs and maintenance
Supplies
Equipment
Intrafund eliminations
(Over)
under
Budget Actual budget
$ 12,293 $
8,083 $
4,210
8,075
3,807
4,268
.14,270
12,559.
1,711
38,000
52,721 (
14,721)
13,559
9,003
4,556
20,060
18,987
1,073
16,000
18,376 (
2,376)
3,000
5,606 (
2,606)
11,500
9,253
2,247
26,393
16,764
9,629
8,460
8,267
193
2,000
617
1,383
18,341 (
18,341)
1,094,734 1,043,989 50,745
16,782) 16,782
$1,094,734 $1,027,207 $67,527
$ 9,500 $ 8,300 $ 1,200
$ 300 $
267
$ 33
500
309
191
550 (
260)
810
300
300
300
1,002
( 702)
300
87
213
200
169
31
5,000
921
4,079
7,450
2,495
4,955
- (
1,027)
1,027
$ 7,450 $ 1,468 $ 5,982
'
ToucheRoss&Ca
55
VILLAGE OF,DEERFIELD,
ILLINOIS
A P P R O P R I A T
E D E X P
E N D
I T
U R E S
YEAR ENDED APRIL 30, 1978
'
(Continued)
'
(Over)
under
Budget
Actual
budget
GENERAL CORPORATE FUND (CONTINUED):
Yous Parking Lot
$
• 3,281
$
1,099
$ 2,182
IVillage
Garage:
.Salaries
$
31,628
$
28,340.
$ 3,288
Overtime
3,000
4,091
( 1,091)
'
Employee benefits
1,600
1,321
2,79
Professional services
50
35
15
Apparel
140
121
19
'
Travel and dues
200
90
110
Printing and advertising
50
6
44
Insurance
.2,000
2,433
( 433)
Utility services
1,470
1,743
( 273)
Motor vehicles supplies
250
202
48
Repairs and maintenance
3,000
2,263
737
Supplies
35,000
40,123
( 5,123)
'
Materials
500
500
Equipment
1,500
1,439
61
Safety Fund
200
200
'
Contractual
100
175
( 75)
$
80,688
$
82,382
($ 1,694)
Youthbound:
'
Salaries.
Employee benefits
$
11,605
1,933
$
4,728
70
$ 6,877
1,863
Travel and training
3,140
123
3,017
Insurance
750
837
( 87)
'
Motor vehicle maintenance
1,500
220
1,280
Motor vehicle supplies
2',583
388
2,195
Repairs and maintenance
400
22
378
Supplies
6,440
3,257
3,183
'
Housing
906
( 906)
Equipment
1,500
183
1,317
Printing and advertising
300
151
149
30,151
10,885
19,266
Intrafund eliminations
-
(_
220)
220
t$
30,151
$
10;665
$19,486
1
56
VILLAGE OF DEERFIE4D, ILLINOIS
1
' A P P R 0 P R ,I A T E D -E X P E N D ITURE S
YEAR ENDED -APRIL 30, 1978
' (Continued)
'
(Over)
under
Budget
Actual
budget
IGENERAL
CORPORATE FUND (CONTINUED):
Recycling
$
-
$
711
($ 711)
STREET AND BRIDGE FUND:
Salaries
$
104,758
$
97,550
$ 7,208
Overtime
22,650
22,753
( 103)
Part-time
7,500
4,827
2,673
Employee benefits
6,476
5,076
1,400
Professional services
300
85
215
'
Apparel
500
434
66
Travel and dues
850
394
456
Printing and advertising.
1,400
1,393
7
r
Communications
1,300
691
609
Insurance
26,250
30,490
( 4,240)
Contractual services
36,050
46,002
( 9,952)
Utility services
28,000
25,579
2,421
Motor vehicle maintenance
19,500
18,167
1,333
Motor vehicle supplies
4,600
7,236
( 2,636)
Repairs and maintenance
26,116
33,388
( 7,272)
Supplies
4,650
11919
2,731
Salt
24,000
19,376
4,624
Aggregates
25,900
21,018
4,882
Materials
26,091
28,082
( 1,991)
Street signs
6,500
6,623
( 123)
Motor vehicles
6,500
6,500
Equipment rental
575
594
( 19)
Miscellaneous
3,000
1,843
1,157
Equipment
11,210
9,378
1,832
'
Bicentennial Garden
_
(
400)
400
$
-394,676
$
388,998
$ 5,678
rWATER
SYSTEM FUND:
Administration and Supervision:
Salaries
$
27,026
$
28,080
($ 1,054)
Part-time
500
500
Employee benefits
1,100
1,021
79
1
' TrnMheRoss &Qe
VILLAGE OF DEERFIELD, ILLINOIS
57
n
A P P R O P R I A T E D E X P E N D I T U R E S
YEAR ENDED APRIL 30, 1978
(Continued)
WATER SYSTEM FUND (CONTINUED):
Administration and Supervision
(Continued):
Professional services
Apparel
Travel and dues
Printing
Communication
Insurance
Supplies
Occupancy
Motor vehicle maintenance
Motor vehicle supplies
Miscellaneous
Total Administration and
Supervision
(Over)
under
Budget Actual budget
100
360
150
200
1,500
2,700
300
6,000
1,000
200
850
$ 35
$ 65
220
140
37
113
487
( 287)
799
7-01
3,804
( 1,104)
1,061
( 761)
6,000
1,402
( 402)
200
546 ..`
304
_ 41,986 43,492 (_1,506)
Distribution:
'
Salaries
Overtime
6,858
2,000 (
1,136
306)
5,722
2,306
Part-time
500
500
Employee benefits
540
89
451
'
Professional services
1,500
1,050
450
Communication
600
477
123
Insurance
2,500
878
1,622
Contractual services
3,000
2,976
24
'
Utility services
21,000
22,216 (
1,216)
Motor vehicle maintenance
1,500
1,207
293
Motor vehicle supplies
Repairs and maintenance
400
1,500
163
2,154 (
237
654)
Supplies
500
416
.84
Chlorine
500
60
440
Materials
100 (
409)
509
'
Water purchases
355,000
403,248 (
48,248)
Miscellaneous
50
'
Total Distribution
398,048
435,355 (
37,307)
' ToudwRw&Ca 58
VILLAGE OF DEERFIELD, ILLINOIS
' A P P R O P R I A T E D E X P E N D I T U R E S
YEAR ENDED APRIL 30, 1978
' (Continued)
(Over)
'
under
Budget
Actual
budget
'
WATER SYSTEM FUND (CONTINUED):
Main and Fire Hydrant Maintenance:
Salaries
$ 18,382
$ 26,111
($ 7,729)
Overtime
7,500
7,592
( 92)
Part-time
2,500
2,294
206
Employee benefits
1,700
1,500
200
Communication
75
75
Insurance
2,700
2,092
608
Contractual services
7,450
15,998
( 8,548)
Motor vehicle maintenance
Motor vehicle supplies
1,800
1,300
2,147
1,839
( 347)
( 539)
Repairs and maintenance.
3,600
4,474
( 874)
Aggregates
5,000
4,253
747
Materials
10,000
7,775
2,225
'
Equipment rental
1,000
299
701
Equipment
9,210
9,144
66
Chlorine
200
200
Miscellaneous
100
195
( 95)
Total Main and Fire Hydrant
Maintenance
72,,517
85,713
( 13,196)
Less amount capitalized
9,129
r76,584
_
Meter Maintenance:
Salaries
16,924
11,462
5,462
Overtime
500
196
304
Part-time
1,000
642
358
Employee benefits
1,175
673
502
'
Travel, training and dues
300
300
Printing and advertising
2,100
2,100
Communication
100
60
.40
'
Insurance
1,100
1,594
( 494)
Motor vehicle maintenance
1,500
1,961
( 461)
Motor vehicle supplies
600
464
136
'
Repairs and maintenance
1,550
1,341
209
Supplies
400
192
208
11
TrnK:te/?,%s&Ca
VILLAGE OF DEERFIELD, ILLINOIS
59
1
li
1
L
A P P R O P R I A T E D E X P E N D I T U R E S
YEAR ENDED APRIL 30, 1978
(Continued)
WATER SYSTEM FUND (CONTINUED):
Meter Maintenance.(Continued):
Materials
Equipment
Miscellaneous
Total Meter Maintenance
Total Water System -Fund
Less -amount capitalized
Total Operating .Expenses
SEWERAGE SYSTEM FUND:
Administration and Supervision:
Salaries
Employee benefits
Professional services
Apparel
Travel, .training and dues
'
Printing
Communications
Insurance
Motor vehicle maintenance
Motor vehicle supplies
Repair and maintenance
Supplies
'
Occupancy
Miscellaneous
Treatment Plant:
'
Salaries
Overtime
Part-time
(Over)
under
Budget
Actual
budget
$ 4,000
$ 3,790
$ 210
10,500
10,049
451
100
219
( �119)
41,849
32,643
9,206
$ 554,400
597,203
($42,803)
9,129
$ 588,074
$ 27,024 $
28,762
($ 1,738)
900
1,081
( 181)
300
75
225
100
278
( 178)
100
110
( 10)
100
133
( 33)
1,000
646
354
1,400
2,311
( 911)
500
375
125
100
100
972
( 972)
150
447
( 297)
6,000
.6,000
500
572
( 72)
38,174
41,762
( 3,588)
126,699
109,075
17,624
6,000
10,952
( 4,952)
1,500
1,279
221
TowJzeRosc&Gh
60
VILLAGE OF DEERFIELD, ILLINOIS
' A P P R O P R I A T E D E X P E N D I T U R E S
YEAR ENDED APRIL 30, 1978
r(Continued).
(Over)
under
Budget
Actual
budget
'
SEWERAGE SYSTEM FUND(CON.TINUED):
Treatment Plant (Continued):
Employee benefits
$ 6,000
$ 5,442
$ 558
Professional services
3,000
84
2,916
Apparel
900
234
666
'
Travel and dues
Printing
800
1,500
440
268
360
1,232
Communication
1,200
1,560
( 360)
Insurance
11,000
11,831
( 831)
Contractual services'
2,000
1,578
422
1
Utility services
53,000
51,021
1,979
Motor -vehicle maintenance
400
717
( 317)
Motor vehicle supplies
400
558
( 158)
'
Repairs and maintenance.
4,000
6,361
( 2,361)
Supplies3,000
5,461
( 2,461)
Chlorine
15.,000
4,355
10,645
'
Aggregates
2,000
863
1,137
Materials
1,500
2,367
( 867)
Street signs
300
83
217
Chemicals
142
( 142)
1
Equipment.
70,500
6,030
1,470
Equipment rental
500
500
Depreciation
27,000
27,000
Miscellaneous
642
( 642)
275,;199
221,343
53,856
Less amount capitalized
5,692
215,651
tCleaning
and Maintenance:
Salaries
36,925
36,429
496
'
Overtime
Part-time
3,000
500
3,314
38
( 314)
462
Employee benefits
1,800
1,951
( 151)
Insurance
5,600
3,367
2,233
'
Contractual services
5,000
3,029
1,971
Utility services
500
500
Motor vehicle maintenance.
.2,000
2,670 (
670)
1
.
TouClteRass&CA
61
VILLAGE OF DEERFIELD, ILLINOIS
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
A P P R O P R I A T E D E X P E N D I T U R E S
YEAR ENDED APRIL 30, 1978
(Continued)
(Over)
under
Budget
Actual
budget
SEWERAGE SYSTEM FUND (CONTINUED):
Cleaning and Maintenance (Continued):
Motor vehicle supplies $
1,250
$ 1,436
($ 186)
Repairs and maintenance
3,000
3:,712
( 712)
Supplies
2,000
109
1,891
Aggregates
1,000
1,000
Materials
6,500
5,935
565
Street signs
300
300
Equipment
1,500
1,271
_ 229
70,875
63,261
7,614
Less amount capitalized
2,105
61,156
Construction Department:.
Salaries
Overtime
Part-time
Employee benefits
Insurance
Contractual services
Motor vehicle maintenance
Motor vehicle supplies`
Repairs and maintenance
Supplies
Aggregates
Materials
Motor vehicles
Equipment
Equipment rental
Less amount capitalized
Total Sewerage System Fund
Less amount capitalized
Total operating expenses
33,677
18,178
15,499
2,000
48
1,952
1,000
759
241
2,400
921
1,479
6,900
4,002
2,898
5,000
449
4,551
1,500
2,015
( 515)
1,000
610.
390
2,000
2,181
( 181)
750
14
736
3,000
1,765
1,235
11,000
8,087
2,913
6,500
5,193
1,307
5,710
4,802
908
11000
1,000
83,437 1 49,024 34,413
5,193 92,295
43,831
$ 467,685 375,390 $92,295
12,990
$ 362,400
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FI
I
VILLAGE OF DEERFIELD, ILLINOIS
POLICE PENSION FUND
INVESTMENTS
APRIL 30, 1978
SAVINGS ACCOUNTS:
Deerfield State Bank, 7-3/4%
Great American, 7-3/4%
Crawford Savings and Loan, 5-3/4%
Deerfield Savings and Loan, 5-3/4%
TOTAL SAVINGS ACCOUNTS
CERTIFICATES OF DEPOSIT:
Deerfield Savings and Loan,:7-3/4%
Crawford Savings and Loan, 7-3/4%
TOTAL CERTIFICATES OF DEPOSIT
U. S. GOVERNMENT OBLIGATIONS:
United States Treasury Bonds:
$80,000 principal amount, 7-1/2%,.due
August 15, 1993
$75,000 principal amount, 8-1/4%, due
May 15,. 1990
$65,000 principal amount, 8-1/2%, due
May 15, 1994
$60,000.principal amount, ,8-1/4%,.due
May 15, 1990
$60,000 principal amount, 6-3/8%, due
August 15, 1984
$55,000 principal amount, 8-1/2%, due
May 15, 1994
$55,000 principal amount, 8-1/2%, due
May 15, 1994
$55,000 principal.amount, 8-1/8%, due
May 15, 1982
$35,000 principal amount, 6-3/4%, due
February 15, 1993
$30,000 principal amount,'7-1/2%, due
August 15, 1993
$20,000 principal amount, 8-1/8%, due
August 15, 1982
United States Treasury Notes:
$40,000 principal amount, 8%, due
August 15, 1986
$50,000 principal amount, 7-7/8%, due
$ 44,901.11
41,589.32
31,000.00
5,000.00
122,490.43
10,000.00
9,000.00
19,000.00
81,584.00
76,535.00
66,996.00
59,698.00
58,500.00
58,118.75
57,757.50.
55,413.13
34,759.38
30,172.50
20,009.20
599,543.46
40;000.00
May 15, 1986 50,000.00
90,000.00
TOTAL,U. S. GOVERNMENT OBLIGATIONS 689,543.46
TOTAL INVESTMENTS $831,033.89
Note: The effective rate of interest earned on Fund invest
ments for the year ended April 30, 1978 was 7.5%,
determined by a weighted average of amounts invested
throughout the year.