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Village CAFR For Year Ended April 30, 1984
COMPREHENSIVE ANNUAL FINANCIAL' REPORT for the year ended April 30, 1984 VILLAGE OF DEERFIELD, ILLINOIS � COMPREHENSIVE � ANNUAL � FINANCIAL REPORT 1 1 o FOR THE I FISCAL YEAR ENDED APRIL 30, 1884 PREPARED BY GEORGE VALENTINE FINANCE DIRECTOR � VILLAGE OF DEERFIELD i 1 f 11 TABLE OF CONTENTS INTRODUCTORY SECTION Principal Officials Organizational Chart Letter of Transmittal PAGE 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 4 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 8-3.5 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 Supplemental Statements Statement of Revenues - Budget and Actual 38 Statement of Expenditures - Budget and Actual 39-42 TABLE OF CONTENTS (CONT.) FINANCIAL SECTION (CONT.) GOVERNMENTAL FUND TYPES (CONT.) SPECIAL REVENUE FUNDS All 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 43 44 45 46 47 48 49 1 1 1 1 1 1 1 1 1 1 1 1 1 1 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 50 51-55 56 57 58 59 .W TABLE OF CONTENTS (CONT.) PAGE FINANCIAL SECTION (CONT.) GOVERNMENTAL FUND TYPES (CONT.) DEBT SERVICE FUND Debt Service Fund Financial Statements Balance Sheet 61 Statement of Reveues, Expenditures, and Changes in Fund Balance - Budget and Actual 62 CAPITAL PROJECTS FUNDS All Funds Financial Statements Combining Balance Sheet 63 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 64 SPECIAL ASSESSMENT FUNDS Special Assessment Funds All Funds Financial Statements Combining Balance Sheet 65 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 66 PROPRIETARY FUND TYPES ENTERPRISE FUNDS All Funds Financial Statements Combining Balance Sheet 67 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings - Unreserved 68 Combining Statement of Changes in Financial Position 69 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 TABLE OF CONTENTS (CONT.) PAGE FINANCIAL SECTION (CONT.) PROPRIETARY FUND TYPES (CONT.) ENTERPRISE FUNDS (CONT.) Water Fund Financial Statements Balance Sheet 70 Statement of Revenues, Expenses, and Changes in Retained Earnings - Unreserved - Budget and Actual 71 Supplemental Statements Statement of Operating Expenses - Budget and Actual 72-73 Statement of Fixed Assets and Depreciation 74 Sewerage Fund Financial Statements Balance Sheet 75 Statement of Revenues, Expenses, and Changes in Retained Earnings - Unreserved - Budget and Actual 76 Statement of Changes in Retained Earnings - Reserved - Restricted Accounts 77 Supplemental Statements Statement of Operating Expenses - Budget and Actual 78-79 Statement of Fixed Assets and Depreciation 80 Refuse Fund Financial Statements Balance Sheet 81 Statement of Revenues, Expenses, and Changes in Retained Earnings - Budget and Actual 82 Commuter Parking Lot Fund Financial Statements Balance Sheet 83 Statement of Revenues, Expenses, and Changes in Retained Earnings - Budget and Actual 84 Supplemental Statements Statement of Operating Expenses - Budget and Actual 85 Statement of Fixed Assets and Depreciation 86 TABLE OF CONTENTS (CONT.) PAGE 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 87 88 89 90 91 92 93 94 95 96 97 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 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 98 SUPPLEMENTAL DATA Combined Statement of Cash and Investments Combined Statement of Investments Long -Term Debt Requirements Sewerage Improvement Bond Series of 1973 Sewerage Treatment Facilities Bond Series of 1973 Corporate Purpose Bond Series of 1983 Corporate Purpose Bond Series of 1982 Corporate Purpose Bond Series of 1982-A Land Acquisition Bond Series of 1974 Police Addition Installment Contract of 1979 Water Revenue Bond Series of 1960 Water Revenue Bond Series of 1959 Statement of Officer's Deposits (Police Pension Fund) Statement of Insurance in Force STATISTICAL SECTION General Governmental Expenditures by Function - Last Ten Fiscal Years General Governmental Revenues By Source - Last Ten Fiscal Years Property Tax Levies and Collections - Last Ten Fiscal Years Assessed and Estimated Actual Values of Taxable Property - Last Ten Fiscal Years Property Tax Rates - All Overlapping Governments - Last Ten Fiscal Years Special Assessment Collections - Last Ten Fiscal Years 99 100-102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 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 120 Statement of Legal Debt Margin 121 Statement of Direct and Overlapping Debt 122 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Governmental Expenditures - Last Ten Fiscal Years 123 Statement of Revenue Bond Coverage - Water and Sewer Bonds - Last Ten Fiscal Years 124 Demographic Statistics - Last Ten Fiscal Years 125 Property Value, Construction, and Bank Deposits - Last Ten Fiscal Years 126 Principal Taxpayers 127 Miscellaneous Statistics 128 11 11 1 I f Introductory Section i 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i Stephen 0. Jackson James L. Marovitz Cynthia T. Marty VILLAGE OF DEERFIELD, ILLINOIS PRINCIPAL OFFICIALS APRIL 30, 1984 LEGISLATIVE VILLAGE BOARD OF TRUSTEES Bernard Forrest, President Naomi S. Clampitt, Clerk ADMINISTRATIVE Robert Franz, Village Manager Edwin B. Seidman Vernon E. Swanson T. Robert York FINANCE DEPARTMENT George Valentine, Director of Finance/Treasurer i W adZ } UO ww o � < Z cr c J o QJF_ om >� m0 Q U 0 U Qw Ow ww J m �j 0 0 JQ � � J Q CL Q o LA N w z_ V z z Z N Uw �> Z w w N 2 ww — w j mj w� LL Z z o �o �z ¢ z co n.a z� o w a N w a. U z w z z z U "E ~ Z z Z w wLU to w w NN u0 D z m a Z co J a w n- Y w 0 �N Z ww Uui N F. wZ JQ w gU } w x LLJ =wLLJ. ¢ �� F- w U ¢O LU NLU L N >Z NQ O co�� F_ ¢ LL a 2 w c7 Qcr J w J C-7 � Q z F- Q N � N Q U z w z w z_ U J z z w Z N ¢ F. m F¢- tJi z_ N U } DU w D w F- co a. a F- N N Z O Z O F- wZ N w U F- U w U a =O O QO O Q F- Z a a w } w ww 2 w N> z o �o U ii 945.5000 I L L I N 0 1 S 850 WAUKEGAN ROAD DEERFIELD, ILLINOIS 60015 October 1, 1984 Mr. Robert Franz, Village Manager Village of Deerfield Deerfield, Illinois 60015 Dear Mr. Franz: The Comprehensive Annual Financial Report of the Village of Deerfield for the fiscal year ending April 30, 1984, 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. 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. iii 1 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 $5,450,776. This is an increase of 13.9 percent over 1983. ' Taxes produced 67.5 percent of general revenues compared to 70.0 percent last year. Of the amount that is listed as taxes, $1,679,934 was property tax extensions. The prior property tax extension was $1,605,849 for an increase of 4.6 percent. Sales tax is also included ' in the general category of taxes, in the amount of $1,412,615, an increase of 8.4 percent over the prior year. ' 1984 REVENUE Increase Percent (decrease) Revenue Source Amount of Total from 1983 ' Taxes $3,651,588 67.0 $355,949 Licenses and Permits 455,905 8.3 76,903 Intergovernmental Rev. 463,116 8.5 27,772 ' Charges for Services 173,268 3.2 58,794 Fines and Forfeits 164,140 3.0 26,623 Miscellaneous Revenues 542,759 10.0 122,386 ' TOTAL 5,450,776 100 668,427 The current year (1982) tax levy collections were approximately 99.7 ' percent. Property taxes which are delinquent more than one year are written off; subsequent collections of such taxes are reflected as iv 1 '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: 1983 1982 Purpose TAX RATE* TAX RATE* 1981 TAX RATE* ' General Fund .191 .183 .193 Special Revenue Funds .427 .411 .381 General Obligation Debt .207 .115 .132 , Pension Trust Funds .060 .052 .044 Enterprise Funds .148 .138 .131 TOTAL TAX RATE* 1.033 .899 .881 , *Rate per $100 of equalized assessed valuation , Expenditures for General, Special Revenue and Debt Service Fund purposes totalled $4,990,653, an increase of 10.1 percent over the prior year. The largest increase was in Streets and Highways which reflects the decision to spend significant amounts of motor fuel tax funds which have , been accumulated in prior years. 1984 EXPENDITURES , Increase Percent (Decrease) Function Amount of Total from 1983 ' General Government $ 807,103 16.2 $ 49,144 Public Safety 1,666,105 33.4 146,022 Highways & Street 1,114,431 22.3 218,468 Culture & Recreation 567,729 11.4 40,137 ' Misc. Expenditures 270,102 5.4 26,144 Debt Service 565,183 11.3 76,309 , TOTAL $4,990,653 100 $457,936 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 1984 fiscal year is as follows: Outstanding General Obligation Bonds by Issue ' Sewerage Improvement Bonds Series of 1973 $ 625,000 Sewerage Treatment Facility Bonds Series of 1973 1,175,000 Corporate Purpose Bond Series of 1982 500,000 , Land Acquisition Bonds Series of 1974 150,000 1 TOTAL $2,450,000 v F� F� Other Debt to be Abated from T.I.F. District Corporate Purpose 1982 Bond Series of 1982 Corporate Purpose 1983 Bond Series of 1983 TOTAL GRAND TOTAL GENERAL OBLIGATION BONDED DEBT 500,000 500,000 11000,000 $3,450,000 Ratio of Net Debt to Net Debt Amount Assessed Value Per Capita Total G.O. . Bonded Debt $3,450,000 1.27% $172 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, 1984, the total amount invested by the Village was 99.8 percent of available funds.The total interest earnings for the year for all funds, including the pension funds, were $710,337. For the prior fiscal year, the total amount earned was $639,779. 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, 1984, the general. fixed assets of the Village amounted to $4,131,347. 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 $1,069,759 and operating expenses of $1,050,699 or a total operating income of $19,060. Revenue bond coverage for the year ending April 30, 1984 was .42. vi The Sewer Fund had operating revenues of $773,744, operating expenses of $686,945 for an operating income of $86,799. The Refuse Fund had operating revenues of $429,702 and operating expenses of $746,739 for an operating loss of $317,037. However, there was a property tax levy for $344,084 for refuse purposes. This revenue source more than adequately covers the operating loss. The commuter parking lots' revenues were $51,415, with operating expenses of $12,201 for an operating income of $39,214. Prospects for the Future The Village has a series of major capital improvement projects scheduled to commmence 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. Work is to be commenced in 1984-85 and will continue for the next several fiscal years. 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. 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. I believe our current report substantially conforms to Certificate of , Conformance Program requirements, and we are submitting this report for the first time to GFOA to determine its eligibility for a certificate. Acknowledgements , The preparation of this report on a timely basis could not be ' vii ' 1 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 Village in a responsible and progressive manner. ' Respectfully submitted, '/� V �-a- g ' George J. Valentine Finance Director Village of Deerfield 1 GJV:nkj 1 Financial Section IC, 11 I 1 I t AUDITORS OPINION I 11 1 1 ' Certified Public Accountants The -Honorable Bernard Forrest, Mayor rl 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, 1984 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, 1984, 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 after giving retroactive effect to the changes, with which weconcur, in the method. of accounting for property tax revenue recognition and compensated absences as described in Note 3 to the financial statements. 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, 1984, 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 after giving retroactive effect to the changes, with which we concur, in the method of accounting for.property tax revenue recognition and compensated absences as described in Note to the financial statements. Bank of Wheaton Building • 211 South Wheaton Avenue • Wheaton, Illinois 60187 • (312) 665-4510 1 N 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 I 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 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. K �•_ Karrison & Byrne August 1, 1984 i 1 1 1 1 p 1 H u 1 11 1 ICOMBINED STATEMENTS -OVERVIEW I 11 11 t I VILLAGE OF DEERFIELD, ILLINOIS ALL FUND TYPES AND ACCOUNT GROUPS COMBINED BALANCE SHEET APRIL 30, 1984 (See Following Page) I 3 1 1 1 1 1 1 f 1 1 I 1 1 i 1 1 n dD�M 00p880 N p 8 M J NOD ONO N coN nN O a, �n On.00�000u�i M •--� v`�i N M n n M N p V� Vl 00 00 lr c'1 _+ O O1 ill n J M J ill M J V� ..pp n '� �0 'O Ol O pppp .-+� I M N tiM COM N N Ow N O ••+N M M M .p �O .+ 7 01 M 0 M F ~ V1 N O 00 M V� 8 pO 8 0 OJ p �n7 M ��pp � 0U10 Vol pn� M inJ N000 O.O po N O O n u'1 CO ��pp OM+ O O� J O N v1 Vl v1 CO M JM-i Op v1 O l�1 M N .7 10 0 M O, v Q\ D` .-� J M~ N M lO M J N N N N N M �7 00 �-•� M n M N M CO N VpT 10 N J V} N O N t? M N .0 N n t? CO ••� N �O N tp? q F 88 pQ� gj O g N aN0 N Ln i in en lzt. 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L W 0 N .a.. . 4 f 4i0 ! y y �d N 5+ y 9FCJ G Ol N OC1 y w �C7 C OL v�.0 Oyu ryT O1 �_ > 0• vl Cyl wy yp, pp Op pp 1wy Wy y 7 tI� u 6 0 m pp y 'O ..U.I 3 i N yyy L C N ,C U Gl % •..IC ..+C ..+C F.7 ram+ r1 y y U CU N C vUl F C tya C W xc3 m Gl G y y 3 yZ vi d T L >E::;3..ir' �Jw �ciar 91a� �w 0l5" k'j 1 1.1 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, 1984 Proprietary Fiduciary Fund Types Fund Types Totals Internal Pension (Memorandum Only) Enterprise Service Trust 1984 1983 Operating Revenues Taxes $ 140,265 $ 140,265 $ 127,124 Charges for Services $2,181,142 $131,581 2,312,723 2,024,703 Contributions 83,022 83,022 53,120 Miscellaneous 143,478 265,078 408,556 359,671 Total Revenues $2,324,620 $131,581 $ 488,365 $2,944,566 $2,564,618 Operating Expenses Administration $ 192,568 $ 192,568 $ 178,369 Operations 2,304,016 $123,196 2,427,212 2,176,825 Depreciation 263,697 263,697 256,781 Benefits and Refunds $ 37,455 37,455 29,403 Other 75 75 200 Total Expenses $2,760,281 $123,196 $ 37,530 $2,921,007 $2,641,578 Operating Income (Loss) $ (435,661) $ 82385 $ 450,835 $ 23,559 $ (76,960) Nonoperating Revenues (Expenses) Interest Income $ 74,380 $ 74,380 $ 92,075 Property Taxes 344,084 344,084 328,530 Interest Expense (10,638) (10,638) (12,038) $ 407,826 - - $ 407,826 $ 408,567 Net Income (Loss) before Other Financing Sources (Uses) $ (27,835) $ 8,385 $ 450,835 $ 431,385 $ 331,607 i Other Financing Sources (Uses) Operating Transfers In $ 70,000 Operating Transfers (Out) $ (20,000) $ (20,000) (15,000) $ (20,000) - - $ (20,000) $ 55,000 Net Income (Loss) and Other Financing Sources (Uses) $ (47,835) $ 8,385 $ 450,835 $ 411,385 $ 386,607 Other Changes in Retained Earnings - Unreserved/Fund Balance Intrafund Transfers (Out) Retained Earnings - Reserved - Restricted Accounts (29,329) - - (29,329) (7,602) Net Increase (Decrease) in Retained Earnings - Unreserved/ Fund Balance $ (77,164) $ 8,385 $ 450,835 $ 382,056 $ 379,005 Retained Earnings - Unreserved/ Fund Balance May 1 $1,184,327 $ 26,875 $2,276,532 $3,487,734 $3,108,729 Prior Period Adjustments (11,790) (11,790) Adjusted Balances $1,172,537 $ 26,875 $2,276,532 $3,475,944 $3,108,729 April 30 $1,095,373 $ 35,260 $2,727,367 $3,858,000 $3,487,734 See accompanying Notes to the Financial Statements. 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 04 z F-F A H z fn �74 a F � f W w H f H A U H F z f ao w` H H , zr z H{ A 04 r { w� x" A U U [ L*+ A O O H [ 44 E+ d z [ a W E a F > Q � G W A x z a H a � a a r- • 00 M W N 0 r\ fT M O r- fT 00 m N 0 00WLnM11OOm -,tNOO-tN 1.0 N fT r- r- O w O O .t u1 fn O � r- a, fn er1 00 00 �O �D M M fb d O fT N M O fn - f QN r, N rl, ON %D r- M n N Ln N M M O N N V} L b O C F ro Lr) r- N 't m Lr) O r- O r- CV w 00 M 00 N M -t — %O M. N N m ,4 M �D C) 00 r- %O ON— M 00 00 00 00 r- E N 00 M vl O O 00 M fr 1 tb �O M c/ 1 m .-i %D r- n 0 f\ n C, Ln N cn yr dr v} yr o Ln Ln In 00 Ln M N fT •-•, 0) C cn M r1 It N r- > 4 G. O -w 00 00 00 't .--, Ln N r� O cv • a cn •4 F m 0 O O O rl rz C1 CI lD U C La cn to Ln N N N m --� ww <rj- M- ro fL fn Ln C U 00 00 0000 %D O o %O O %D $4 •.d M M M n fT m 00 •--c m N > L w 00 00 00 ai (U H V]co JJ N Fr n. C m Ln r,- Ln c`1 r-- 0 0 fT N O N O C •.f M ON ID (V Ln "D �D M m m N - W fT4 00 ID 00 00 M O t - c Q` n M %0 O n w w t\ cn cn 0 't C1 cn --. N 00 00 %D N �t �D -� r� N .� .� ^ en — M r-_ ID -t y1 v N N M 00 O a w � yr yr yr v} yr N. m O 11 m J.J m 4 m C N 61 N .D N � 7 •,-r L L1 ro m L Gs, k r4 m C L .,a 7 w a fll • 4 w m A 5 co CO Jj co L.J 1J J.J W m N -4 Q. ,•� m m C C fn N Qi m a [� m ro w y C C m •b O U C W La " O tJ Q' .61 O 14 y a z o y v v L7 O iJ U z a > E • •-r C C O w b C• r4 •0 o O m O x U • 4• 4 -'•r w N U [_+ C U 4 C U U N %+ m O O cw O C ro w N y N L p v y= G1 -4 •,4 h-r pQ n. m to P+ fv to m m s4 m" w ro ro U4 m f11 ro N ro a ro u b A v y W m ro y C >a Q) 3 [+ N •d W 4 O C 3 $4 U •4 W "C O Z Q, U U• 4 CO U >~ u U C H fA o A a H fa r-4 PW 04 A [L co U U F 1W VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 1. 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". 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, 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. 11 9 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 1. Summary of Significant Accounting Policies (Cont.) B. Basis of Presentation - Fund Accounting (Cont.) GOVERNMENTAL FUNDS (CONT.) 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. 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 10 ' 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 Summary of Significant Accounting Policies (Cont.) B. Basis of Presentation - Fund Accounting (Cont.) FIDUCIARY FUNDS (CONT.) 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 measureable and available as net current assets. Taxpayer -assessed income, gross receipts, and sales taxes are considered "measurable" when in the hands of intermediary collecting governments and are recognized 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 1 It 11 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS ' APRIL 30, 1984 1. Summary g g of Significant Accounting Policies (Cont,.) C. Basis of Accounting (Cont.) Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred, if measurable, except for unmatured interest on General Long -Term Debt which should be recognized when due. 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: I1. 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 budget) is of control (level at which expenditures may not exceed the Fund. Budget lapses at year end. The Village prepares budgets on the Modified Accrual basis for the following funds; General, Municipal Audit, Emergency Services Disaster, Youth Bound, Library, Street and Bridge, Illinois Municipal Retirement, Public Benefit, Federal Revenue Sharing, Motor Fuel Tax, Dial -A -Ride, and Debt Service. The Village prepares budgets on the Accrual basis for the following funds; Water, Sewerage, Refuse, Commuter Parking Lot, Garage and Police Pension Funds. Such budgetary comparisons are reflected in the Village's financial report. LJ 12 1 VILLAGE OF DEERFIELD, ILLINOIS M NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 11 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. r 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." 13 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 Summary of Significant Accounting Policies (Cont.) IE. 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 governmental funds. The single exception to Account Group, not in this general rule is the 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. 1 14 1 1. VILLAGE OF DEERFIELD. ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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 I 11 15 I u �I 1 1 VILLAGE OF DEERFIELD. ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 1. Summary of Significant Accounting Policies (Cont.) F. Revenues, Expenditures, and Expenses Property Tax Revenue Recognition 1983 property taxes attach as an enforceable lien on January 1, 1983. 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, 1984 and August 1, 1984, and are payable in two installments, on or about June 1, 1984 and on or about September 1, 1984. 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, 1984: Fund a General Corporate $186,945 Street and Bridge 13,661 Water 16,694 Sewerage 21,387 Garage 4,736 $243,423 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. Ll 16 1. VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 Summary of Significant Accounting Policies (Cont.) G. Financial Reporting Comparative Data 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. 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. 2. Stewardship, Compliance, and Accountability A. Deficit Fund Balances/Retained Earnings of Individual Funds The following funds had a deficit in fund balance at April 30, 1984: Illinois Municipal Retirement Fund Commuter Parking Lot $ (2,109) (3 3,403 ) 1 f] I 1 1 1 I D 1 17 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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, 1984: Fund Excess Illinois Municipal Retirement :a $13,595 Public Benefit 422 Dial -A -Ride 1,335 Water 89 Sewerage 7,695 Police Pension 4,280 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. 13 I VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 3. Detail Notes on All Funds and Account Groups (Cont.) A. Assets (Cont.) 4. Fixed Assets 1 1 1 1 a. Changes in General Fixed Assets Balances Balances May 1, 1983 Additions Deletions April 30, 1984 ' Land $1,718,697 $ 5,330 $ 6,000 $1,718,027 Building and Improvements 1,237,500 1,237,500 Vehicles 373,248 74,786 37,415 410,619 Equipment 447,065 29,321 476,386 Office Furniture and Equipment 258,043 30,772 288,815 $4,034,553 $140,209 $43,415 $4,131,347 b. Summary Proprietary Fixed Assets at April 30, 1984 of Enterprise Commuter , Water Sewerage Parking Lot Land $ 77,500 Systems $ 785,215 $5,917,062 Equipment and Vehicles 175,216 158,226 Parking Lot 613,958 $ 960,431 $6,075,288 $691,458 Less Accumulated Depreciation 498,677 820,111 151,308 $ 461,754 $5,255,177 $540,150 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, 1984 amounted to $185,187 plus interest of $11,830. k 19 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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, 1983, the present value of currently accrued retirement obligations of the Village was $2,366,670. The Village had accumulated assets of $686,512 on the same date. Therefore, the balance of $1,680,158 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 $502,838 of this amount and the prior service portion of the rate is expected to provide $1,177,320. 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 $238,595. This is a statewide plan, administered by IMRF. The Village has no further liability to this plan. 20 1 VILLAGE OF DEERFIELD. ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30. 1984 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, 1983 (the date of the latest computation) amounted to $3,385,248, as determined by the Illinois Department of Insurance. Net present assets $2,276,531 Unfunded accrued liability 1,108,717 Al IRS 74R Actual contributions this year totaled $140,265. This is a single -employer plan administered by the Village. 1 I 21 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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, 1983 $2,276,532 $ 0 ,126,757) $3,40 3,289 Additions Employer Contributions (Taxes) 140,265 140,265 Employee Contributions 83,022 83,022 Interest 265,078 265,078 Total Balances and Additions $2,764,897 $0 ,126,757) $3,891,654 Actuarial Adjustments (Increase) Decrease in Unfunded Accrued Liability 18,040 (18,040) Total Revised Balances $2,764,897 $0 ,108,717) $3,873,614 Deductions Pension Payments $ 37,455 $ 37,455 Miscellaneous 75 75 Total Deductions $ 37,530 - $ 37,530. Balances - April 30, 1984 $2,727,367 $0 ,108,717) $3,836,084 22 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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, 1983. Amount necessary to amortize the unfunded accrued liability of $1,108,717 as determined by the State of Illinois Depart- ment of Insurance over the remaining 36.6740 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. $106,265 80,016 $186,28.1 23 1 i 1 i 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30. 1984 3. Detail Notes on All Funds and Account Groups (Cont.) B. Liabilities (Cont.) 2. Commitments The following contractual commitments existed at April 30, 1984: Expended Required Project Through Future Description Authorization April 30, 1984 Committed Financing Wilmot Road Construction $289,500 • $ 97,426 $192,254 - Deerfield Road West (Eng) 5,914 5,658 256 - Deerfield Road West (Const) 93,386 52,385 41,000 - 5 M60 Water Pump 103,450 86,161 17,289 - Storm and Waste- water Study 225,254 177,460 47,794 - Additional Flow Monitoring 60,000 48,429 11,571 - McDonald's Traffic Signal (Eng) 7,400 6,115 1,285 - Common's Traffic Signal 6,800 6,387 413 - McDonald's Traffic Signal (Const) 66,687 61,566 5,121 - Elevated Tank Painting (Eng) 2,500 958 1,542 - Elevated Tank Painting (Const) 43,900 34,462 9,438 - 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, 1984. 24 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 3. Detail Notes on All Funds and Account Groups (Cont. B. Liabilities (Cont.) 5. Long -Term Debt a. Changes in Long -Term Debt Balances Balances May 1, 1983 Issuances Retirements April 30, 1984 General Obligation Bonds Sewerage Improvement Bond Series of 1973 Sewer Treatment Facility Bond Series of 1973 Corporate Purpose Bond Series of 1983 Corporate Purpose Bond Series of 1982 Corporate Purpose Bond Series of 1982-A Land Acquisition Bond Series of 1974 Installment Contract Police Addition Installment Note Public Benefit Pension Contribution Payable Revenue Bonds Water Revenue Bond Series of 1960 Water Revenue Bond Series of 1959 $ 700,000 $ 75,000 1,300,000 125,000 $500,000 500,000 500,000 275,000 125,000 $3,275,000 $500,000 $325,000 $ 625,000 1,175,000 500,000 500,000 500,000 150,000 $3,450,000 $ 350,000 - $ 25,000 $ 325,000 $ 28,700 - $ 10,700 $ 18,000 $ 51,280 - $ 51,280 $ 50,000 $ 5,000 $ 45,000 195,000 30,000 165,000 $ 245,000 - $ 35,000 $ 210,000 Special Assessment Bonds $ 48,332 - - $ 48,332 25 1 1 1 1 1 1 1 1 1 1 1 1 1 1 t 1 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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 Public Installment Revenue Assessment April 30 Bonds Benefit Contract Bonds Bonds* Total 1985 $ 673,788 $ 9,300 $ 46,788 $ 44,001 $48,332 $ 822,209 1986 573,288 2,900 165,088 47,438 788,714 1987 549,325 2,900 165,385 50,737 768,347 1988 550,364 2,900 48,826 602,090 1989 548,573 46,913 595,486 1990 395,025 395,025 1991 376,775 376,775 1992 358,400 358,400 1993 364,650 364,650 1994 143,500 143,500 1995 82,200 82,200 $4,615,888 $18,000 $377,261 $237,915 $48,332 $5,297,396 * These bonds are callable and have been allocated to the most current year. 26 ' 3. VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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. 27 1 1 11 VILLAGE OF DEERFIELD,:ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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 principal and interest account be available in insufficient to the bond 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 28 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 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) Waterworks and Sewerage Fund (Cont.) b) Supplemental information required under bond ordinance provisions, not subject to audit: Metered Customers 5,446 Unmetered Customers - Hydrants 888 Gallons Pumped 881,797,556 Gallons Billed 697,705,22 8 Connecting Properties 5,405 6. Industrial Revenue Bonds The Village entered into agreements with Chi-Chi's, Inc. and Teradyne, Inc. 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 The Village has no liability under these bond issues. 29 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, 1984 3. Detail Notes on All Funds and Account Groups (Cont.) C. Interfund Receivables and Payables Due Due From To General General Illinois Municipal Retirement $ 22,000 Tax Incremental Finance District 9,495 Special Assessment $ 44,018 Garage 1,522 Water 130 Sewer 4,910 Youthbound 4,000 Total General $ 36,535 $ 49,540 Special Revenue Youthbound General $ 4,000 Street Commuter Parking 20,000 General $ 5,605 Illinois Municipal Retirement General 22,000 Public Benefit Special Assessment 10,000 Federal Revenue Sharing Debt Service 46,788 Total Special Revenue $ 34,000 $ 74,393 Debt Service Debt Service Federal Revenue Sharing $ 46,788 Tax Incremental Finance District 131,587 Total Debt Service $178,375 Capital Projects Tax Incremental Finance District General $ 9,495 Debt Service 131,587 Total Capital Projects $141 082 30 VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS APRIL 30, 1984 3. Detail Notes on All Funds and Account Groups (Cont.) C. Interfund Receivables and Payables (Cont.) Due Due From To Special Assessment Special Assessment General $ 44,018 Public Benefit $ 10,000 Total Special Assessment $ 44,018 $ 10,000 Enterprise Water General $ 130 Garage 303 Sewer General 4,910 Garage 1,324 Refuse 749 Refuse Sewer $ 749 Commuter Parking Lot Street 20,000 Total Enterprise $ 749 $ 27,416 Internal Service Garage General $ 1,522 Emergency Service Youthbound Street 5,605 Water 303 Sewer 1,324 $ 8,754 Total All Funds $302,431 $302,431 ' 31 ' VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS ' APRIL 30, 1984 ' 3. Detail Notes on All Funds and Account Groups(Cont. (Co ) D. Fund Equity Restatement of Fund Equity - Change in Property Tax Revenue Recognition ' Policy and Change in Method of Accounting for Compensated Absences Property Tax Revenue Recognition For the fiscal year ended April 30, 1984 the Village has changed its property tax revenue recognition policy to conform to the provisions of "NCGA Interpretation 3, Revenue Recognition - Property Taxes." The Village ' had in prior years been recognizing property taxes in the year for which the levy was extended (Example - the 1982 tax levy was recognized as revenue for the fiscal year ended April 30, 1983). The current net tax ' levy receivable is recognized in the balance sheet along with a corresponding amount of deferred revenue. In addition, the debt service payments and liabilities related to the current net tax levy are not reflected in the Debt Service Funds, the unmatured principal is reflected in the General Long -Term Debt Account Group. Change in Method of Accounting for Compensated Absences For the fiscal year ended April 30, 1984 the Village has changed its method of accounting for compensated absences to conform to the provisions of ' "NCGA Statement 4 - Accounting and Financial Reporting Principles for Claims and Judgments and Compensated Absences." The Village had not in previous years been recognizing liabilities for compensated absences. Currently, the amount of compensated absences recorded as expenditures in governmental funds is the amount accrued during the year that would normally be liquidated with expendable available financial resources, the remainder of the liability, if any, is reported in the General Long -Term Debt Account Group. Proprietary funds follow the provisions of SFAS 43 without modification. These changes which were made to conform with generally accepted accounting principles, required certain retroactive adjustments to the beginning fund balance. 32 VILI" OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMUS APRIL 30, 1984 3. Detail rbtes on All Funds and Account Croups ((bnt.) D. Fund Equity (Cont.) Fund General Special Revenue Municipal Audit Emergency Services Disater Youth Bound Library Street and Bridge Illinois Mnicipal Re tirenent Public Benefit Federal Revenue Sharing rotor Fuel Tax Dial -A -Ride Debt Service Fnterprise Fund Equity Prior Period Adjustment April 30, 1982 Property Tax Debt Service Ciompensated As Reported Revenue Requirements Absences Total $1,444,452 $(420,000) - .$(175,700) $ 595,700 Fund Equity April 30, 1982 As Restated $ 848,752 $ 16,577 $ (10,500) $ (10,500) $ 6,077 15,101 (5,000) (5,000) 10,101 3,374 - - 3,374 648,934 (476,500) (476,500) 172,434 208,804 (160,000) $ (12,961) (172,961) 35,843 198,669 (220,000) (220,000) (21,331) 80,319 (10,000) (10,000) 70,319 117,567 - - 117,567 340,232 - - 340,232 $12629,577 $(882,000) - $ (12,961) 1(894,961) $ 734,616 $ 198,784 Water $ 483,181 Sewerage 450,027 Refuse 339,455 Caimiter Parking Lot (14,012) $1,258,651 Internal Service $ (21,688) $(303,820) $437,697 - $ 133,877 $ 332,661 $ (16,594) $ (16,594) $ 466,587 (20,384) (20,384) 429,643 339,455 (14,012) - $ (36,978) $ (36,978) $1,221,673 - - $ (4,636) $ (4,636) $ (26,324) ' 33 ' VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS ' APRIL 30, 1984 ' 3. Detail Notes on All Funds and Account Groups (Cont.) E. Fund Equity ' 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 Other Prior Period Adjustments Capital Projects To correct error for recording prior period expenses $ 15,709 Capital Projects Tax Incremental Finance District To correct prior period expense charged to General Fund (2,341) Special Assessment Funds To correct overstatement of prior period Assessments (69,041) Water Fund To correct prior period error for recording expenses (11,790) 34 ' VIL1AGE OF DEERFIELD, ILLINOIS ' NOTES TO ME FINANCIAL STA OM APRIL 30, 1984 ' 4. Segment Information for Certain Individual Enterprise Funds Mie Village maintains 4 Enterprise Funds which provide water, sewerage, refuse and parking services. ' Segment information for the year ended April 30, 1984 is as follows: Commiter Water Sewerage Refuse Parking.Lot Fund Fund Fund Fund Total , Operating Revenues $1,069,759 $ 773,744 $ 429,702 $ 51,415 $2,324,620 Depreciation, Depletion, and ' Amortization Expense 41,830 191,188 30,679 263,697 Operating Income or (Loss) (22,770) (104,389) (317,037) (11,465) (455,661) ' Operating Transfers Out (20,000) (2 AO) ' Tax Revenues 344,084 344,084 Net Income (Loss) (10,011) (60,567) 34,208 (11,465) (47,835) ' Current Capital Contributions and Transfers Transfers (29,329) (29,329) ' Plant, Property and Equipment Additions 37,615 35,552 930 74,097 Deletions Net Harking Capital 362,218 492,495 383,893 52,687 1,291,293 Bonds and Other long -Tenn Liabilities Payable from Operating Revenues 210,000 2102000 Total Equity 702,680 5,864,017 383,893 592,837 7,543,427 C\ ' 35 ' VILLAGE OF DEERFIELD, ILLINOIS NOTES TO THE FINANCIAL STATEMENTS ' APRIL 30, 1984 ' S. Related Party Transactions No material related party transactions existed during the fiscal year. 6. Significant Contingencies ' 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 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, 1984 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. ' 7. Agreement with Fludstrom Construction The Village exchanged property with an appraised value of $1,168,367 for ' property owned by Fludstrom Construction with an appraised value of $912,957. The difference of $255,410 is due to the Village by March 23, 1985 or when first occupancy permit is issued. Since these funds are not available to the Village to finance current operations the receivable has been booked in the General Fund with a corresponding entry to deferred revenue. 8. Subsequent Events ' The Village entered into agreements to advance funds to the West Skokie Drainage District - Middle Fork - $25,000 and the Union Drainage District - ' Middle Fork - $60,000 to help alleviate flooding. �J I a I p 1 ri a GOVERNMENTAL FUND TYPES I I I 1 I I GENERAL FUND 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. 1 I .1 36 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND BALANCE SHEET APRIL 30, 1984 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 (Note 3.C.) Other Assets Total Assets LIABILITIES AND FUND BALANCE Liabilities Accounts Payable Accrued Payroll Compensated Absences Payable Due to Other Funds (Note 3.C.) Other Payables Deferred Property Taxes Deferred Revenue - Other Total Liabilities Fund Balance (Page 37) Total Liabilities and Fund Balance See accompanying Notes to the Financial Statements. Totals 1984 1983 $1,638,842 $1,063,442 394,306 399,694 53,390 19,118 255,140 105,055 99,229 46,779 63,629 17,765 21,000 36,535 50,753 81,306 33,959 $2,629,188 $1,750,824 $ 117,956 $ 63,110 10,105 186,945 179,895 49,540 45,932 59,875 9,185 420,000 417,668 255,410 $1,09 9,831 715,790 1,529,357 1,035,034 $2,629,188 $1,750,824 37 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Revenues (Page 38) Expenditures (Page 39-42) 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 Garage Fund Excess of Revenues and Other Sources over Expenditures and Other Uses Fund Balance May 1 - As Restated (Note 3.D.) April 30 (Page 36) 1984 Budget Actual $2,653,500 $2,937,572 1983 Actual $2,604,341 2,675,113 2,470,249 2,372,059 $ (21,613) $ 467,323 $ 232,282 $ (4,000) $ (4,000) $ (4,000) 33,000 33,000 33,000 (2,000) (2,000) (5,000) (70,000) $ 27,000 $ 27,000 $ 46,000) $ 5,387 $ 494,323 $ 186,282 See accompanying Notes to the Financial Statements. 1,035,034 848,752 ci c')o 'Ic7 ti nic n1L 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 r VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF REVENUES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30. 1984 Budget Actual Taxes Property Taxes - General - Current - (Net) $ 420,000 $ 420,000 Property Taxes - Prior 6,759 Sales Tax 1,420,000 1,412,615 Income Tax 350,000 394,594 $2,190,000 $2,233,968 Licenses and Permits Beer/Liquor Licenses $ 30,000 $ 31,900 Food Licenses 3,000 4,750 Other Business Licenses 9,000 5,010 Building Permits 40,000 130,372 Animal Licenses 7,500 6,456 Non -Business Licenses and Permits 20,000 20,991 $ 109,500 $ 199,479 Intergovernmental State Grants $ 10,000 $ 8,847 Charges for Services Special Police Services $ 40,000 $ 33,307 Transfer Charges 36,000 36,000 Engineering Charges 8,000 33,533 $ 84,000 102,840 Fines and Forfeits $ 120,000 $. 164,140 Miscellaneous False Alarms $ 8,800 Sale of Materials $ 2,000 836 Rentals 8,000 7,618 Interest 85,000 155,671 Miscellaneous 45,000 30,279 Franchise Fees 25,094 $ 140,000 $ 228,298 $2,653,500 $2,937,572 38 39 ' VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual General Government Administration Department Salaries $494,000 $484,093 Overtime 4,200 5,174 Part -Time 52,000 40,758 Employee Benefits 36,000 39,549 Professional Services 88,000 65,570 Travel, Training and Dues 12,000 12,266 Printing and Advertising 9,500 5,682 Communications 16,000 14,097 Insurance 16,000 10,696 Contractual Services 26,500 21,885 Utility Services 4,000 2,026 Motor Vehicle Maintenance 4,000 3,238 Repairs and Maintenance 33,000 3,258 Equipment Rental 500 48 Miscellaneous 5,208 6,520 Supplies 21,500 19,923 Motor Vehicle Supplies 2,000 Dog Pound 7,870 4,556 Housing Assistance 15,000 14,842 Apparel 300 199 Equipment 12,000 14,327 Land Acquisition 8,500 7,924 Advisory Boards 10,922 5,674 Motor Vehicles 5,000 4,798 Improvements other than Buildings 20,000 Total General Government $884,000 $807,103 1 1 1 1 11 1 1 9117 1 I A 1 CI VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual Public Safety Police Department Administrative Service Salaries $248,000 $250,033 Overtime 5,600 3,800 Part -Time 14,471 13,914 Employee Benefits 20,400 15,737 Professional Services 3,450 Travel, Training and Dues 4,460 2,589 Printing and Advertising 10,325 1,970 Communications 16,472 13,139 Insurance 40,000 34,548 Contractual Services 37,030 24,422 Motor Vehicle Maintenance 700 1,041 Repairs and Maintenance 4,000 3,613 Supplies 8,500 9,136 Motor Vehicle Supplies 1,200 830 Apparel 2,500 3,382 Equipment 23,900 6,358 Advisory Boards 5,500 3,993 $446,508 $388,505 Investigations Salaries $ 91,000 $ 94,496 Overtime 12,300 7,585 Employee Benefits 5,900 6,019 Travel, Training and Dues 2,000 785 Contractual Services 10,885 11,215 Motor Vehicle Maintenance 1,500 1,230 Repairs and Maintenance 500 Supplies 3,500 2,180 Motor Vehicle Supplies 2,000 741 Apparel 1,050 1,316 Equipment 370 222 $131,005 $125,789 Patrol Salaries $727,000 $713,639 Overtime 3 7, 000 3 0, 73 5 Part -Time 35,646 35,578 Employee Benefits 47,700 42,720 Travel, Training and Dues 15,000 8,441 ii 41 1 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual Public Safety (Cont.) Police Department (Cont.) Patrol (Cont.) Motor Vehicle Maintenance $ 18,800 $ 11,912 Repairs and Maintenance 1,600 1,214 Supplies 7,350 4,516 Motor Vehicle Supplies 28,300 21,780 Apparel 11,000 10,171 Equipment 2,350 13,782 Motor Vehicles 46,200 40,860 $977,946 $935,348 Community Services Salaries $ 34,500 $ 33,858 Overtime 1,200 1,958 Employee Benefits 1,884 1,988 Travel, Training and Dues 1,000 866 Motor Vehicle Maintenance 500 518 Supplies 500 1,072 Motor Vehicle Supplies 500 491 Apparel 350 309 Motor Vehicles 7,000 5,317 $ 47,434 $ 460377 Special Services Salaries $ 42,000 $ 34,491 Youth Services Salaries $108,000 $108,251 Overtime 9,000 5,148 Employee Benefits 8,320 6,206 Travel, Training and Dues 1,000 561 Motor Vehicle Maintenance 2,000 1,289 Repairs and Maintenance 500 18 Supplies 500 120 Motor Vehicle Supplies 2,500 1,364 Apparel 700 675 Equipment 500 Motor Vehicles 7,000 5,244 $140,020 $128,876 42 1 1 i 1 i 1 1 1 1 i 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Public Safety (Cont.) Police Department (Cont.) Bicycle Safety Program Salaries $ 5,000 Printing and Advertising 500 Repairs and Maintenance 250 Apparel 300 Benefits 150 $ 6,200 Total Public Safety $1,791,113 Total Expenditures $2,675,113 Actual $ 3,460 102 144 54 $ 3,760 $1,663,146 1 1 I 1 �l 'L 1 I SPECIAL REVENUE FUNDS IFund Descriptions ' Municipal Audit Fund The Municipal Audit is an independent, outside audit conducted by a firm engaged by the Mayor an-d 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. iYouthbound Fund The Youthbound Fund accounts for the revenues.collected and the expenditures incurred ' 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 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 miles of street and the Railroad Station in the Village of Deerfield. Illi.nois 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 employees. This fund also provides the employer with a portion of F.I.C.A. Contributions. IPublic Benefit Fund The Public Benefit portion of local improvements installed under the special assessment procedure of financing is paid from this fund. li L Federal Revenue Sharinq Fund Fund Descriptions r, t I 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. 1 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. �J �1 w I 1 43 1 I in .?00� d N�OnN 7 00 N O� O N O00 O+ O 00 in0 N O O dM.7� Mpp O O H N M M N O� M ,..� S Q n�•1 N .r 0 0 O� ON CDpw M O O C N In 0 00 M 00� pr O � � N I 1"II xl III N III 91, C% w yy � � GO l] � Op O� �D M •ems cu �I�p N N L ENNO �7 O7 N N V} �I $II C;En POI VY u OD N � 4 O OOO -p+ o • � N O^O I .Va ..~-1 �O � N N f�1 OD v u N N O ill lO N M N N vY 00 O u M 00 n O N 0O�1 A co N y � Rlpl v a, ci w z �t+ y O) y y� y � N� W O. N yy •.� �Su � '� � � yP4•�T'Srri� � � u O ..yr ,y_� �'i F'� N uOyi F'� •'w (u� t Lp v w 6 a a K 44 O O f�1 T 1� Z co .-• N O V�1 In .r .p N 00 en CoN ^ W pT � pp ppi N !? C9 CO N L � F 4Y a, �O O0 OD N C` N O� O+ N n � pp pppp pppp q a0 00 d d d VN1 CD �p T d I� pp N�-� D n cl10 O Nei f�l �O �a,y co 00 V% N r t/f N a).v N . cu ln en oil A d' W'I NINI �I 10 .7 R; �07 OO N W v1 .r n N L ..r C•1 V� 00 N 00 pp pp o �p N T O, v n N v 00 V] O N C: C pppp pppp W Fl [$ ' �O8 �7 O O� � d 0 O� i Me � M OO O N � O L O Q 19 v O ell d N N ,. y01 N N uU'% t? VT "' t�'1 .�i Ico V o t'�1 ^ In Ico I !�t en VY t? VY N i I�I ICIfn �I�i �I �I NI T %1 cli CO I III �i uuu o G �a� CC NNyg o w � p L IWO ii L a*)L •y� � •[� � V y O w O fUy�� Vl u/ N N O W 41 p y e+1 vo y ~ N CC j� tq D7 .f�{+� U a 10 ' W '.Il MOOT �CO7 y6�j1 pGp 7pU ca G! .=i .•� (� .r1 r!1 G •�+ VI i oa y v v s0�s.�0 V � C +-� 1r J V O m aC1 Q a.� U N F :� t+4 6�v°� --� N F o-3 G3 w 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, 1984 Revenues Property Taxes - Current - (Net) Property Taxes - Prior Expenditures Contractual Excess of Revenues over Expenditures Fund Balance May 1, 1983 April 30, 1984 See accompanying Notes to the Financial Statements. Budget $11,000 $11,000 Actual $ 10,500 1,224 $ 11,724 11,000 10,400 $ 1,324 6,510 $ 7,834 45 Lirl 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, 1984 Budget Actual Revenues Property Taxes - Current - (Net) $5,000 $ 5,000 Property Taxes - Prior 1,888 $5,000 $ 6,888 Expenditures Travel, Training and Dues $ 600 $ 500 Communications 400 640 Insurance 600 283 Contractual 300 Utility Services 100 73 Motor Vehicle Maintenance 1,000 415 Motor Vehicle Supplies 200 Repairs and Maintenance 500 188 Supplies 600 327 Equipment 700 Housing Fees 533 $5,000 $ 2,959 Excess of Revenues over Expenditures - $ 3,929 Fund Balance May 1, 1983 10,846 April 30, 1984 $14,775 See accompanying Notes to the Financial Statements. 1 1 1 1 1 1 1 i 1 1 1 1 1 1 i 1 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, 1984 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, 1983 April 30, 1984 See accompanying Notes to the Financial Statements. Budget Actual $14,930 $11,163 $ 2,700 100 750 $ 609 600 402 2,000 1,871 2,000 1,422 180 6,800 5,923 1,687 200 216 500 1,045 2,200 150 $18,030 $13,325 $(3,100) $(2,162) 4,000 4,000 $ 900 $ 1,838 4,679 $ 6,517 47 48 VILLAGE OF DEERFIELD, ILLINOIS LIBRARY FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Revenues Property Taxes - Current - (Net) Replacement Tax Grants Non -Resident Fees Fees, Fines, Penalties Gifts Reciprocal Borrowing Xerox Interest Monies Allocated Expenditures (See Page 49) Excess of Revenues over Expenditures Fund Balance May 1, 1983 - As Restated April 30, 1984 Budget Actual $579,020 $ 585,925 7,308 9,166 6,000 8,148 20,000 27,843 6,400 1,029 6,000 20,000 20,116 13,000 28,205 186,768 $837,188 $687,740 See accompanying Notes to the Financial Statements. 837,188 554,404 - $133,336 219,157 $352,493 49 VILLAGE OF DEERFIELD, ILLINOIS LIBRARY FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Salaries - Professional Salaries - Non -Professional Employee Benefits Professional Services Education, Travel and Dues Communication Insurance Contractual Services Utilities Repairs, Maintenance of Building and Equipment Building Supplies Carpet Supplies - Library and Office Books Periodicals Audio -Visual Binding Special Library Programs Data Base New Equipment Computer Service Working Cash Fund Cataloging Service Miscellaneous Automation Project Budget Actual $140,094 $137,394 202,335 190,968 11,000 9,073 7,000 2,738 4,000 4,197 6,700 5,409 6,000 4,633 13,200 14,414 473 483 39,500 18,204 17,956 14,689 80,000 80,368 16,800 17,393 10,000 11,218 1,300 1,195 1,500 1,414 4,000 744 19,000 18,125 1,380 3,000 19,000 18,536 400 209 235,550 $837,188 $554,404 50 ' 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, 1984 Budget Actual Revenues Property Taxes - Current - (Net) $160,000 $160,000 Property Taxes - Prior 5,000 10,797 Vehicle Licenses 250,000 256,426 Other Tax 117,000 117,000 State Highway Maintenance 13,500 18,613 50/50 Sidewalk and Curb 10,000 15,824 Miscellaneous 6,000 7,520 Train Station Maintenance 1,500 Interest 8,000 10,489 $571,000 $596,669 Expenditures - Public Works (Pages 51-55) Administration $ 66,150 $ 68,947 Cleaning 24,100 27,014 Traffic Marking 39,100 40,803 Pavement Patching 74,550 86,948 Tarring Cracks 41,850 40,143 Drainage Structure 13,500 13,666 Street Lights and Traffic Signals 76,550 86,322 Miscellaneous Maintenance 64,300 53,893 Snow and Ice Control 117,800 107,764 Weed Control 13,050 10,016 Leaf Removal 10,450 15,625 Tree Removal 22,200 18,078 Tree Planting 12,250 5,530 Railroad Station Maintenance. 17,550 12,544 $593,400 $587,293 Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources (Uses) $(22,400) $ 9,376 Other Financing Sources (Uses) Operating Transfers In (Out) Parking Lot Fund 20,000 20,000 General Fund (33,000) (33,000) Excess (Deficiency) of Revenues and Other Sources over Expenditures and Other Uses $(35,400) $ (3,624) Fund Balance May 1, 1983 - As Restated 42,034 April 30, 1984 $ 38,410 See accompanying Notes to the Financial Statements. 1 r 51 VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Public Works Administration Salaries Overtime Employee Benefits Professional Services Travel, Training and Dues Printing and Advertising Communications Insurance Motor Vehicle Maintenance Miscellaneous Supplies Motor Vehicle Supplies Apparel Repairs and Maintenance Contractual Cleaning Salaries ' Overtime Employee Benefits Small Tools and Equipment Contractual Services Motor Vehicle Maintenance Repairs and Maintenance ' Equipment Rental Motor Vehicle Supplies Supplies Traffic Marking Salaries Overtime Part -Time Employee Benefits Motor Vehicle Maintenance Repairs and Maintenance Motor Vehicle Supplies Materials Street Signs Contractual F U Budget $28,000 400 1,500 200 800 4,400 3,000 20,000 2,000 1,000 1,500 1,000 1,100 500 750 $66,150 $ 9,800 100 900 300 1,000 4,000 5,000 500 1,500 1,000 $24,100 $12,000 300 2,000 900 1,000 800 600 3,000 6,500 12,000 $39,100 Actual $313844 584 2,276 . 85 1,085 2,523 2,079 14,331 2,949 3,214 1,728 3,855 772 1,254 368 $68,947 $10,283 626 823 680 2,492 1,997 7,757 1,380 976 $27,014 $12,173 241 2,049 916 346 929 259 5,059 5,430 13,401 $40,803 52 ' VILLAGE OF DEERFIELD, ILLINOIS ' STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL , FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual Public Works (Cont.) ' Pavement Patching Salaries $27,500 $40,797 Overtime 1,700 412 Employee Benefits 2,250 2,810 Motor Vehicle Maintenance 5,000 5,935 Repairs and Maintenance 5,500 1,745 Supplies 600 117 ' Motor Vehicle Supplies 2,000 2,053 Aggregates 28,000 30,562 Materials 2,000 2,517 ' $74,550 $86,948 Tarring Cracks Salaries $15,000 $12,912 ' Overtime 900 21 Part -Time Employee Benefits 2,000 1,350 1,823 975 Motor Vehicle Maintenance 1,400 1,607 Repairs and Maintenance 1,200 5,045 Motor Vehicle Supplies 2,000 2,190 Aggregates 500 20 , Materials 15,000 13,610 Equipment Rental 2,500 1,940 $41,850 $40,143 ' Drainage Structures Salaries $ 4,900 $ 6,266 ' Overtime 550 101 Employee Benefits 450 426 Motor Vehicle Maintenance 2,000 1,832 Repairs and Maintenance 2,300 288 ' Motor Vehicle Supplies 300 203 Aggregates 1,000 134 Materials 2,000 4,416 , $13,500 $13,666 Street Lights and Traffic Signals ' Salaries $ 5,300 $ 5,610 Overtime 800 569 Employee Benefits 450 489 ' L 53 h VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Public Works (Cont.) Street Lights and Traffic Signals (Cont.) Contractual Services Utility Services Motor Vehicle Maintenance Repairs and Maintenance Equipment Rental Motor Vehicle Supplies Aggregates Materials Miscellaneous Maintenance Salaries ' Overtime Employee Benefits Contractual Services ' Motor Vehicle Maintenance Repairs and Maintenance Small Tools and Equipment Miscellaneous Motor Vehicle Supplies Aggregates Materials ' Equipment Rental ' Snow and Ice Control Salaries Overtime Employee Benefits ' Communications Motor Vehicle Maintenance Repairs and Maintenance ' Equipment Rental Supplies Motor Vehicle Supplies Salt Aggregates Materials Equipment Motor Vehicles Budget $ 18,000 40,000 1,000 1,000 1,000 700 300 8,000 $ 76,550 $ 5,300 500 450 42,400 850 2,500 300 500 500 1,000 8,000 2,000 $ 64,300 $ 27,000 8,500 1,800 650 11,000 11,000 1,000 2,000 5,300 30,000 4,000 2,000 4,550 9,000 $117,800 Actual $ 23,946 42,226 3,080 724 1,894 22 7,762 $ 86,322 $ 3,217 1,108 290 31,640 1,050 4,651 53 913 574 10,397 $ 53,893 $ 9,870 15,883 828 8,006 23,186 406 328 3,121 29,177 3,048 955 4,693 8,263 $107,764 54 VILLAGE OF DEERFIELD, ILLINOIS STREET AND BRIDGE FUND STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual Public Works (Cont.) Weed Control Salaries $ 5,300 $ 2,307 Overtime 100 96 Part -Time 2,000 13602 Employee Benefits 450 220 Motor Vehicle Maintenance 1,000 581 Repairs and Maintenance 1,500 2,764 Motor Vehicle Supplies 700 629 Materials 2,000 1,817 $13,050 $10,016 Leaf Removal Salaries $ 5,300 $ 5,301 Overtime 900 2,138 Employee Benefits 450 421 Motor Vehicle Maintenance 1,000 7,166 Repairs and Maintenance 2,500 Motor Vehicle Supplies 300 599 $10,450 $15,625 Tree Removal Salaries $ 4,900 $ 2,350 Overtime 600 620 Part -Time 3,200 2,981 Employee Benefits 450 161 Contractual Services 9,000 8,579 Motor Vehicle Maintenance 450 724 Repairs and Maintenance 500 877 Motor Vehicle Supplies 400 Materials 2,200 1,786 Equipment Rental 500 $22,200 $18,078 Tree Planting Salaries $ 5,300 $ 445 Overtime 350 Employee Benefits 450 35 Contractual Services 4,200 3,607 Motor Vehicle Maintenance 450 588 Repairs and Maintenance 300 157 Motor Vehicle Supplies 700 365 Materials 500 333 $12,250 $ 5,530 1 1 1 1 1 1 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. 1984 Budget Actual Public Works (Cont.) Railroad Station Maintenance Salaries $ 4,900 $ 3,700 Overtime 800 99 Part -Time 2,300 2,238 Employee Benefits 450 324 Repairs and Maintenance 2,000 1,502 Supplies 1,500 187 Materials 400 1,054 Contractual 2,500 3,240 Utility Service 2,200 200 Aggregates 500 $ 17,550 $ 12,544 Total Expenditures $593,400 $587,293 55 56 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. 1984 Revenues Property Taxes - Current - (Net) Property Taxes - Prior Replacement Taxes Interest Earnings Expenditures Illinois Municipal Retirement Payments - Employer Excess of Revenues over Expenditures Fund Balance May 1, 1983 April 30, 1984 See accompanying Notes to the Financial Statements. Budget Actual $230,000 $ 225,000 2,715 7,000 4,971 6,589 $237,000 $ 239,275 225,000 238,595 $ 12,000 $ 680 (2,789) $ (2,109) 57 1 1 1 1 1 1 1 1 N 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, 1984 Budget Actual Revenues Property Taxes - Current - (Net) $10,000 $10,000 Property Taxes - Prior 1,670 Interest 3,000 $13,000 $11,670 Expenditures Contractual 12,000 12,422 Excess (Deficiency) of Revenues over Expenditures $ 1,000 $ (752) Fund Balance May 1, 1983 - As Restated 70,827 April 30, 1984 $70,075 See accompanying Notes to the Financial Statements. 58 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, 1984 Revenues Entitlements Interest Expenditures Excess of Revenues over Expenditures before Other Financing (Uses) Other Financing (Uses) Operating Transfer (Out) Debt Service Fund Excess of Revenues over Expenditures and Other Uses Fund Balance May 1, 1983 April 30, 1984 See accompanying Notes to the Financial Statements. Budget $ 68,000 8,000 $ 76,000 $ 76,000 Actual $ 76,253 21,075 $ 97,328 $ 97,328 (46,788) (46,788) $ 29,212 $ 50,540 176,066 $226,606. 59 VILLAGE OF DEERFIELD, ILLINOIS MOTOR FUEL TAX FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Revenues Allotments Earned Interest Other - Transfer from Completed Projects Expenditures Street Maintenance Street Resurfacing and Renovation Program Reconstruction Wilmont Road - Lake Cook to Deerfield Other - Resurfacing Deerfield Road Excess (Deficiency) of Revenues over Expenditures Fund Balance May 1, 1983 April 30, 1984 See accompanying Notes to the Financial Statements. Budget Actual $ 230,000 $ 251,850 30,000 16,046 28,241 141,830 $ 288,241 $ 409,726 $ 117,000 $ 179,647 30,000 295,000 276,245 118,000 71,246 $ 560,000 $ 527,138 $(271,759) $0 17,412) 270,818 $ 153,406 60 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, 1984 Revenues Village Contribution Expenditures Transportation Expense Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources Other Financing Sources Operating Transfer In General Fund Excess of Revenues and Other Sources over Expenditures Fund Balance May 1, 1983 April 30, 1984 See accompanying Notes to the Financial Statements. Budget Actual $2,000 $2,339 2,000 3,335 $ (996) 2,000 $1,004 5,136 $6,140 I I 1 h Ii 0 I 11 DEBT SERVICE FUNDS IFund 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. 1 11 11, 11 I 61 VILLAGE OF DEERFIELD, ILLINOIS DEBT SERVICE FUND BALANCE SHEET APRIL 30, 1984 ASSETS Cash and Investments Receivables Property Taxes - Current - (Net) Accrued Interest Due from Other Funds (Note 3.C.) Total Assets LIABILITIES AND FUND BALANCES Liabilities Interest Payable Deferred Property Taxes Total Liabilities Fund Balances (Page 62) Total Liabilities and Fund Balance See accompanying Notes to the Financial Statements. 1984 1983 $ 352,372 $316,126 449,141 351,107 20,196 1,667 178,375 186,339 $1,000,084 $855,239 $ 90,644 $104,027 466,704 355,000 $ 557,348 $459,027 442,736 396,212 $1,000,084 $855,239 62 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, 1984 1984 1983 Budget Actual Actual Revenues Taxes Property Taxes - Current - (Net) $420,113 $ 356,018 $ 320,089 Property Taxes - Prior (71) Replacement Tax 56,000 34,604 33,979 Miscellaneous Interest 30,000 48,060 36,894 Total Revenues $506,113 $ 438,682 $ 390,891 Expenditures Sewer Improvement Bond Series of 1973 Principal $ 75,000 $ 75,000 Interest 32,000 35,412 Sewer Treatment Facility Bond Series of 1973 Principal 125,000 125,000 Interest 60,000 65,687 Corporate Purpose Bond Series 1982 Interest 53,768 Corporate Purpose Bond Series 1982-A - Principal Interest 39,250 Land Acquisition Bond Series of 1974 Principal 125,000 125,000 Interest 12,050 18,987 Police Addition Installment Contract of 1979 Principal 20,000 20,000 Interest 23,115 24,455 Yous Contract 3,279 3,280 Other - Miscellaneous 2,071 1,403 Total Expenditures $591,113 $ 570,533 $ 494,224 Excess (Deficiency) of Revenues over Expenditures before Other Financing Sources $(85,000) $0 31,851) $0 03,333) Other Financing Sources Operating Transfers In Sewerage Treatment Facilities Fund $ 70,000 Federal Revenue Sharing Fund $112,000 $ 46,788 43,115 Tax Incremental Finance District 131,587 53,769 $112,000 $ 178,375 $ 166,884 Excess of Revenues and Other Sources over Expenditures $ 27,000 $ 46,524 $ 63,551 Fund Balances May 1 - As Restated (Note 3.D.) 396,212 332,661 April 30 $ 442,736 $ 396,212 See accompanying Notes to the Financial Statements. 11 I d 11 1 I ICAPITAL PROJECT FUNDS 1 IFund Descriptions 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. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 00I r � i� Ln O.Nr N i n 00NOn cn LnNN Ln cn M 0^0 � M .-1 .1 N m s W tP n �O N tn- t/} L H On cn C''1 �t n m -� co " 0�0 U'N O u'1 00 N � CT Ln n�-� O N cn M LnO tf1 rn Ln Uf1 00 O% co m n OQ Ln n <? C/} r-1 i N u C U -,4 H ai G� A � M c� M - 00 O ��p co M .mot �� Ln m 1-1 pO� �°Oo yr yr yr v> a} -4L tco u U 00 00 N 4 00 00 ' + � 0000 .i f" 1D m ON cn O O cnM vT M 1Ln !1 en � c y C • 1 d 4 N N cn %O u'� O N 1 O N O N HH O cn r , Lf1 N cn N cn N P+ �j O 41 rn 4 •1.1 ro- m • uO 6 N � 00 •--� O � 1 .-� O tom? .-a � to C� ro � U cn aJ G1 Gi+ (D b �, ,a Z v d lJ ,4y � W � L 4 Ir 1Ja) H —41 cd i+ c 0 .1 t�9G "I.� a L �;4 cn u a d 1 ; �' o o U 4 0 4 O u 04 (� • 4 C v w H E2 ci r a rZ4 63 y u C u� N C 44 J-1 O O cc v' 1 r m rt r- w rt 19 Oro, 19 51 0 "Po VD :3 v' w .i n H R' r~r r• y �' n � cD o rr r* o m a Fn' w rt o q m r En rt (DD r (D Cr (rp N f� 00 n fD to O w C Wxy wzz �t n (D ram. n a CC �D R o y 1-4(D wa v Ca y r T PI y 19 N v� (�D ^ Pt y G rr f.' • N v (D W LA) Cl) w I n �. � n r rt O O� prnp W I w I W W �• £ O O O O 0 in in cn O -W cn to in c ❑ �p ~ d O � ON I.- W W O w O S � r'f cn in {n in in in •cn w n rn o o wO (ZO � QN pN QN N �O rt � W V1 ++V V 00 00 00 O ID rt (D W O� l!n O I V�i N N • 1• In O V N A 4- 00 � 10 1D rt O W OW O O lNn � r~r lVn t o y r v � -rj> -(I> -to -,a N a �- to v� rn ONw o �- O �W. y r• n O, WN 00 00 QS �O In In pO In rr W w w O\ OA Lnn 8 00 In �V-• �V-• O t- n p�p�� ma R >C v %0 ON W O v v O O W W O rr w r •(A i/> ip <p <n to -(a to to to {/> V V_ V pw�v+.�- w vp-vp� 0as0 W V�i �--• 00 S 00 Q5O N r--• W� I ��o� o~o w§--jco %I_n gignwi rn H O rr w Qn I_n t-n N V W W �p O� O% 0�0 e O O o� QpO W �-• V V 8 O �n �n IWI 00 ,.O Vn ' '7n v � W 0 iJ I 11 �J 11, 'J 11 1 1, SPECIAL ASSESSMENT FUNDS 1 I 1 'J L� Fund Descriptions Special Assessment Funds Special Assessments 3-84 - This group of special assessments was issued prior to 1930 for various municipal projects. Special Assessment 111 - This fund set up 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 improvement of Kates Road by construction of concrete pavement, curb and gutter, storm sewer and other work necessary and incidental to the improvement. rI 65 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 M M M O O O ON N N 4I cn �p �7 CV)O V} V} V} Vf s m N cq O o0 A O rn I r Ln C� cl Ln g�g� � N M M O� N N-� M •� Vi N V} N V} V> N VY 0�y00 N O ^ n M O N M o0 M O Cl -4 I 00 �O u1 Ll1 V1 O Lf) v1 00 r, r �I ^1 M en M 00 Mtt 00 O� O u'1 N N CO cn c ^+ QQ� U-, �T n U1 N M V> M m L U1 V M L jsd 14 um a HH L1+ • r-1 L+ W JJ L r-1 ,4w ocu ri 00 I.Oo 'PO 1 I 1 v t�aryy cc�in� v 1 v I~ C7 v � V r•• � r-• r-r .v7. � C" 00 S oa�+ CY, ' �o•� Iw 00 L N N OOONO� 0p0� .F N �Opp� W W W O N N O N I R W h-� O\ ON ONO In I �O O ON O 1 i--• 1--• N W w v v 0 vn %�o Oo 1 ILI l� I PROPRIETARY FUND TYPES I I I I 1J ENTERPRISE FUNDS 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. ' Sewerage 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. RPfueP Fund The Refuse Fund accounts for all revenues and expenses necessary to provide the residents of the Village of Deerfield with refuse service. ICommuter 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. d II ' 67 VII.i" OF DEERFIELD, ILLINOIS ENTERPRISE FUNDS ' COMBINING BALANCE SHEET APRIL 30, 1984 Cannuter Parking Totals Water Sewerage Refuse Lot 1984 1983 ASSETS Current Assets Cash and Investments $ 280,118 $ 450,121 $ 37,739 $ 73,681 $ 841,659 $ 692,296 Receivables Accounts 1611130 105,190 87,676 353,996 353,635 ' Property Taxes 319,928 319,928 312,133 Accrued Interest 7,934 7,934 1,189 ' Other Due fran Other Funds (Note 3.C.) 2,686 749 2,686 749 17,734 749 Inventory 36,194 36,194 48,940 $ 480,128 $ 563,245 $446,092 $ 73,681 $1,563,146 $1,426,676 ' Restricted Assets Cash and Investments $ 88,708 $ 116,345 - - $ 205,053 $ 175,724 Fixed Assets - ibt $ 461,754 $5,255,177 - $540,150 $6,257,081 $6,446,681 Total Assets $1,030,590 $5,934,767 $446,092 1613,831 $8,025,280 18,049,081 LIABILITIES AND FUND EQUITY ' Current Liabilities Accounts Payable $ 99,941 $ 40,487 $ 62,199 $ 832 $ 203,459 $ 153,124 Compensated Absences Payable 16,694 21,387 38,081 37,200 ' Due to Other Finds (Note 3.C.) 433 6,983 20,000 27,416 5,062 Other Payables 842 1,893 162 2,897 5,643 $ 117,910 $ 70,750 $ 62,199 $ 20,994 $ 271,853 $ 201,029 Iong-Term Liabilities Bonds Payable 210,000 210,000 245,000 ' Total Liabilities $ 327,910 $ 70,750 $ 62,199 $ 20,994 $ 481,853 $ 446,029 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 $ 175,724 ' Unreserved 613,972 130,911 $383,893 $(33,403) 1,095,373 1,184,327 Total Retained Earnings $ 702,680 $ 247,256 $383,893 $(33,403) $1,300,426 $1,360,051 ' Total Fund Equity $ 702,680 $5,864,017 $383,893 $592,837 $7,543,427 $7,603,052 Total Liabilties and Fund Equity $1,030,590 $5,934,767 $446,092 $613,831 $8,025,280 $8,049,081 ' See accompanying bbtes to the Financial Statenats. VILLAGE OF DEERFIEID, II.LINOIS COMBINING STATE14M OF REVENUES, E70?EENSES, AND QMNGES IN RETAINED EARNINGS - UNRESERVED FOR THE YEAR ENDED APRIL 30, 1984 Operating Revenues Charges fur Services Water Sales Sewer Charges Refuse Billings Surcharges Miscellaneous Total Operating Revenues Operating Expenses Excluding Depreciation Administration Operations Total Operating Expenses Operating Incase (loss) bemire Depreciation Depreciation Operating Incare (lass) Nonoperating Revenues (Expenses) Interest Earned Property Taxes Interest Expense Net Incase (Loss) Before Other Financing (Uses) Other Financing (Uses) Operating Transfers (Out) Street and Bridge Fled N`t Income (Loss) and Other Financing (Uses) Other Charges in Retained Earnings - Unreserved Intrafund Transfers (Out) Retained Earnings - Reserved - Restricted Accounts Net Increase (Decrease) in Retained Earnings - Unreserved Retained Earnings - Unreserved ;Say 1 - As Restated Prior Period Adjustment Adjusted Balances April 30 (Page 67) See accarmpanying Pbtes to the Financial Staterents. Commuter Parking Totals Water Sewerage Refuse Lot 1984 1983 $1,023,347 $1,023,347 $ 896,243 $ 596,257 596,257 506,695 $ 429,702 429,702 419,237 131,836 131,836 79,428 46,412 45,651 $ 51,415 143,478 147,160 $1,069,759 $ 773,744 $ 429,702 $ 51,415 $2,324,620 $2,048,763 $ 84,275 $ 94,804 $ 13,489 $ 192,568 $ 178,369 966,424 592,141 733,250 $ 12,201 2,304,016 2,036,924 $1,050,699 $ 686,945 $ 746,739 $ 12,201 $2,496,584 $2,215,293 $ 19,060 $ 86,799 $(317,037) $ 39,214 $ (171,964) $ (166,530) 41,830 191,188 30,679 263,697 256,781 $ (22,770) $(104,389) $(317,037) $ 8,535 $ (435,661) $ (423,311) $ 23,397 $ 43,822 $ 7,161 $ 74,380 $ 92,075 344,084 344,084 328,530 (10,638) (10,638) (12,038) $ 12,759 $ 43,822 $ 351,245 - $ 407,826 $ 408,567 $ (10,011) $ (60,567) $ 34,208 $ 8,535 $ (27,835) $ (14,744) (20,000) (20,000) (15,000) $ (10,011) $ (60,567) $ 34,208 $(11,465) $ (47,835) $ (29,744) (29,329) $ (10,011) $ (89,896) $ 34,208 $ 623,983 $ 232,597 $ 349,685 (11,790) $ 623,983 $ 220,807 $ 349,685 $ 613,972 $ 130,911 $ 383,893 (29,329) (7,602) $01,465) $ (77,164) $ (37,346) $(21,938) $1,184,327 $1,221,673 (11,790) $ 21,938) $1,172,537 $1,221,673 $(331403) $1,095,373 $1,184,327 69 I-- 00 M N O 00 M N %D ON n M M N O M00 N N O N 00I 1� 1� O O N v�l N N M � ^ •-~ W F M CT � N M �Np t`1 %D m A m NO O0 �O 00 00 M M V1 O �t m - n .-•i ul1 cn N 00 O 00 1l %0 n N v .--i M n •--� N N cn c MO .W N04 -S4 V yr Vr yr yr yr yr 4J co O � 0�0pQ ��Npp O` O n M UI N N N �t I �t �t O n 04 cn % N N O cn pN 00 N BOO %0 %DmR O M O M .t %D ci� ! v> yr c/} v>- v> air O m mv1 m N IDSa O OMO 00 00 ^-^ 00 �D �O •--� �O 00 L O cn N N %D pp 3 .-r cn M r- A �D cn Q)- V>- V)- fir y L O d 1 y! w fU 4 c3. u w 0 • 4 01 c� Lam+ fj � In o aQ4i A u •� a` i AJ v sa Sa • n u L 14 fs+ LA N 7 n1 a o a v v v �� v c$ y •� � � � co -6J �Z r A a Inr s r s w z` �' 70 VILLAGE OF DEERFIELD, ILLINOIS BALANCE SHEET APRIL 30, 1984 ASSETS Current Assets Cash and Investments Receivables Accounts - Billed - Unbilled Inventory Other Restricted Assets Cash and Investments Fixed Assets (Page 74) Cost Accumulated Depreciation Total Assets LIABILITIES AND FUND EQUITY Current Liabilities Accounts Payable Other Payables Compensated Absences Payable Due to Other Funds (Note 3. C . ) Long -Term Liabilities Bonds Payable Total Liabilities Fund Equity Retained Earnings Reserved - Restricted Accounts Unreserved (Page 71) Total Retained Earnings Total Liabilities and Fund Equity See accompanying Notes to the Financial Statements. 1984 1983 $ 280,118 $ 257,921 45,003 41,963 116,127 118,321 36,194 48,940 2,686 5,945 $ 480,128 $ 473,090 $ 88,708 $ 88,708 $ 960,431 $ 922,816 498:677 456,847 $ 461,754 $ 465,969 $1,030,590 $1,027,767 $ 99,941 $ 49,289 432 2,419 16,694 16,400 843 1,968 $ 117,910 $ 70,076 210,000 245,000 $ 327,910 $ 315,076 $ 88,708 $ 88,708 613,972 623,983 $ 702,680 $ 712,691 $1,030,590 $1,027,767 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS 71 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30. 1984 Operating Revenues Charges for Services Water Sales Permits and Fees Penalties Miscellaneous Operating Expenses Excluding Depreciation Administration Operations Distribution Maintenance - Mains and Fire Hydrants Maintenance - Meters Operating Income (Loss) before Depreciation Depreciation Operating Income (Loss) Nonoperating Revenues (Expenses) Interest Earned Interest Expense - Revenue Bonds Net Income (Loss) Retained Earnings - Unreserved May 1 - As Restated. April 30 (Page 70) 1984 Budget Actual $ 940,000 $1,023,347 11,000 33,580 11,000 12,761 500 71 $ 962,500 $1,069,759 $ 115,200 748,550 125,180 61,680 $1,050,610 $ (88,110) $ (88,110) $ 20,000 $ 20,000 4� /co i in\ See accompanying Notes to the Financial Statements. $ 84,275 802,990 116,752 46,682 $1,050,699 $, 19,060. 41,830 $ (22,770) $ 23,397 (10,638) $ 12,759 $ (10,011) 623,983 t All 077 1983 Actual $896,243 18,867 11,192 24 $926,326 $ 75,482 536,435 90,686 42,124 $744,727. $181,599 - 37,744 $143,855 $ 25,579 (12,038) $ 13,541 $157,396 466,587 $623,983 72 ' VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual Administration Salaries $ 42,000 $ 48,776 Employee Benefits 2,400 3,483 Professional Services 200 Travel, Training and Dues 300 205 Printing and Advertising 700 Communications 1,250 5,865 Insurance 10,000 8,477 Motor Vehicle Maintenance 1,200 902 Miscellaneous 300 2,685 Supplies 500 454 Motor Vehicle Supplies 600 918 Occupancy 12,000 12,000 Apparel 750 510 Bond Principal 30,000 Bond Interest 13,000 $115,200 $ 84,275 Operations Distribution Salaries $ 8,000 $ 10,299 Overtime 800 1,785 Employee Benefits 600 678 Professional Services 1,300 Communications 1,050 76 Contractual Services 84,600 127,593 Utility Serices 44,000 34,631 Motor Vehicle Maintenance 1,200 3,288 Repairs and Maintenance 3,000 11,869 Miscellaneous 1,300 255 Purchase of Water 600,000 610,393 Supplies 500 63 Motor Vehicle Supplies 600 680 Chlorine 400 Materials 1,200 1,380 $748,550 $802,990 Main and Fire Hydrant Maintenance Salaries $ 47,000 $ 37,541 Overtime 10,500 6,748 Part -Time 3,630 3,567 Employee Benefits 3,900 2,860 Communications 350 1 1 Ll 73 1 1 1 f 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS WATER FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Operations (Cont.) Main and Fire Hydrant Maintenance (Cont.) Contractual Services Motor Vehicle Maintenance Repairs and Maintenance Equipment Rental Miscellaneous Motor Vehicle Supplies Small Tools and Equipment Aggregates Materials Equipment Motor Vehicles Meter Maintenance Salaries Overtime Part -Time Employee Benefits Professional Travel, Training and Dues Printing and Advertising Communications Contractual Motor Vehicle Maintenance Repairs and Maintenance Miscellaneous Supplies Motor Vehicle Supplies Materials Small Tools and Equipment Equipment Total Expenses Budget Actual $ 8,400 $ 11,495 3,000 4,161 10,500 4,208 1,000 400 128 1,800 2,005 300 356 6,000 3,792 16,000 39,891 3,400 9,000 $ 125,180 $ 116,752 $ 30,000 $ 32,852 700 1,546 680 640 2,700 2,236 1,500 (220) 300 1,000 100 1,500 1,843 2,000 2,982 1,400 57 300 231 300 3,011 900 989 3,000 300 97 15,000 418 $ 61,680 $ 46,682 $1,050,610 $1,050,699 74 VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF FIXED ASSETS AND DEPRECIATION FOR THE YEAR ENDED APRIL 30, 1984 Water System Equipment and Automotive Water System Equipment and Automotive Assets Balances Balances May 1, 1983 Additions Deletions April 30, 1984 $785,215 137,601 $922,816 $37,615 $37,615 $785,215 175,216 $960,431 Accumulated Depreciation Balances Balances May 1, 1983 Provisions Deletions April 30, 1984 $406,027 $19,631 50,820 22,199 $456,847 $41,830 $425,658 73,019 $498,677 Net Asset Value $461,754 75 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND BALANCE SHEET APRIL 30, 1984 ASSETS Current Assets Cash and Investments Receivables Accounts - Billed Unb i l l ed Accrued Interest Other Restricted Assets Cash and Investments Fixed Assets (Page 80) Cost Accumulated Depreciation Total Assets LIABILITIES AND FUND EQUITY Current Liabilities Accounts Payable Other Payables Compensated Absences Payable Due to Other Funds (Note 3.C.) Total Liabilities Fund Equity Contributed Capital Retained Earnings Reserved - Restricted Accounts (Page 77) Unreserved (Page 76) Total Retained Earnings Total Fund Equity Total Liabilities and Fund Equity See accompanying Notes to the Financial Statements. 1984 1983 $ 450,121 $ 376,247 24,163 11,436 81,027 97,906 7,934 1,189 11,789 $ 563,245 $ 498,567 $ 116,345 $ 87,016 $6,075,288 $6,039,736 820,111 628,923 $5,255,177 $5,410,813 ec OIL 7c7 ec nnc one $ 40,487 $ 34,071 1,893 2,057 21,387 20,800 6,983 3,094 $ 70,750 $ 60,022 $5,616,761 $5,616,761 $ 116,345 130,911 $ 247,256 $5,864,017 Qr, nZ/. 7G7 $ 87,016 232,597 $ 319,613 $5,936,374 $5,996,396 W. 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, 1984 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 - As Restated Prior Period Adjustments Adjusted Balances April 30 (Page 75) See accompanying Notes to the Financial Statements. 1984 1983 Budget Actual Actual $620,000 $ 596,257 $ 506,695 27,000 30,535 31,445 8,000 7,426 7,112 41,852 42,302 35,000 89,984 37,126 500 5,934 17,042 500 1,756 $691,000 $ 773,744 $ 641,722 $ 84,050 $ 94,804 $ 87,273 402,480 416,056 421,470 86,220 75,244 98,549 106,500 100,841 95,599 $679,250 $ 686,945 $ 702,891 $ 11,750 $ 86,799 $ (61,169) - 191,188 188,386 $ 11,750 $0 04,389) $(249,555) 60,000 43,822 60,111 $ 71,750 $ (60,567) $0 89,444) (29,329) (7,602) $ (89,896) $0 97,046) $ 232,597 $ 429,643 (11,790) $ 220,807 $ 429,643 $ 130,911 $ 232,597 1 1 fJ I 1 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND STATEMENT OF CHANGES IN RETAINED EARNINGS - RESERVED - RESTRICTED ACCOUNTS FOR THE YEAR ENDED APRIL 30, 1984 Increases Transfer of Construction Surcharge Account Balance May 1, 1983 April 30, 1984 (Page 75) See accompanying Notes to the Financial Statements. $ 29,329 87,016 $116,345 77 78 1 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Administration Salaries Overtime Employee Benefits Professional Services Travel, Training and Dues Printing and Advertising Communications Insurance Motor Vehicle Maintenance Repairs and Maintenance Miscellaneous Supplies Motor Vehicle Supplies Occupancy Apparel Contractual Operations Treatment Plant Salaries Overtime Part -Time Employee Benefits Professional Services Travel, Training and Dues Printing and Advertising Communications Contractual Services Utility Services Motor Vehicle Maintenance Repairs and Maintenance Equipment Rental Supplies Motor Vehicle Supplies Chlorine Aggregates Materials Street Signs Small Tools and Equipment Apparel Miscellaneous Equipment Motor Vehicles Depreciation Improvements - Not Buildings Less Amount Capitalized Budget $ 42,000 700 2,400 200 200 100 1,500 20,000 900 500 700 400 650 12,000 1,050 750 $ 84,050 $195,000 6,500 3,630 15,300 2,500 900 1,000 2,750 10,000 120,000 3,000 18,200 1,000 4,000 1,500 4,000 3,000 4,000 300 500 1,400 4,000 4,850 9,000 54,000 $470,330 67,850 $402,480 Actual $ 49,940 3,636 54 1,704 23,525 77 2,055 82 341 12,000 708 682 $ 94,804 $164,232 9,826 3,660 11,753 643 632 77 1,184 14,255 160,744 1,572 13,898 7,443 6,244 3,598 3,015 11,718 453 950 159 4,165 8,263 191,188 12,523 $632,195 216,139 $416,056 79 VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual Operations (Cont.) Cleaning and Maintenance Salaries $ 41,000 $ 32,820 Overtime 4,000 3,336 Part -Time 1,820 1,760 Employee Benefits 3,600 2,358 Contractual Services 8,000 4,444 Motor Vehicle Maintenance 49000 2,922 Repairs and Maintenance 5,000 3,401 Equipment Rental 1,000 Miscellaneous 2,000 725 Supplies 80000 9,730 Motor Vehicle Supplies 1$00 1,934 Aggregates 1,000 1,348 Materials 5,000 10,274 Motor Vehicles 9,000 8,263 Equipment 4,000 2,339 Small Tools and Equipment 300 192 P $ 99,220 $ 85,846 I Less Amount Ca italized 13,000 10,602 $ 86,220 $ 75,244 Construction Salaries $ 63,000 $ 64,338 Overtime 1,300 705 Part -Time 600 589 Employee Benefits 5,400 4,535 Contractual Services 5,000 3,410 Motor Vehicle Maintenance 5,500 4,967 Repairs and Maintenance 7,500 638 Equipment Rental 1,000 Supplies 1,000 502 Motor Vehicle Supplies 2,000 1,885 Aggregates 4,000 4,638 Materials 10,000 14,619 Small Tools and Equipment 200 15 $106,500 $100,841 Total Expenses $679,250 $686,945 9 u M VILLAGE OF DEERFIELD, ILLINOIS SEWERAGE FUND STATEMENT OF FIXED ASSETS AND DEPRECIATION FOR THE YEAR ENDED APRIL 30, 1984 Sewer System and Plant Equipment and Automotive Sewer System and Plant Equipment and Automotive Net Asset Value Assets Balances Balances May 1, 1983 Additions Deletions April 30, 1984 $5,904,540 $ 12,522 135,196 23,030 $6,039,736 $ 35,552 $5,917,062 158,226 �G n7r 100 Accumulated Depreciation Balances Balances May 1, 1983 Provisions Deletions April 30, 1984 $ 588,309 $171,153 $ 759,462 40,614 20,035 60,649 $ 628,923 $191,188 - $ 820,111 $5,255,177 VILLAGE OF DEERFIELD, ILLINOIS REFUSE FUND BALANCE SHEET ASSETS Current Assets Cash and Investments Receivables Accounts - Billed - Unbilled Property Taxes - Current - (Net) Due from Other Funds (Note 3.C.) Total Assets LIABILITIES AND FUND EQUITY Current Liabilities Account Payable Fund Equity Retained Earnings (Page 82) Total Liabilities and Fund Equity See accompanying Notes to the Financial Statements. 1984 1983 $ 37,739 $ 14,720 19,727 67,949 319,928 749 $446,092 18,672 65,337 312,133 749 $411,611 $ 62,199 $ 61,926 383,893 $446,092 349,685 $411,611 81 82 VILLAGE OF DEERFIELD, ILLINOIS REFUSE FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 1984 1983 Budget Actual Actual Operating Revenues Charges for Services Refuse Billing $ 426,000 $ 429,702 $ 419,237 Miscellaneous 6,478 $ 426,000 $ 429,702 $ 425,715 Operating Expenses Administration Intergovernmental Billing $ 12,000 $ 12,000 $ 12,000 Other 6,000 1,489 3,614 Operations Contractual Services 742,000 733,250 734,786 $ 760,000 $ 746,739 $ 750,400 Operating Income (Loss) $(334,000) $(317,037) $(324,685) Nonoperating Revenues (Expenses) Interest Earned $ 7,000 $ 7,161 $ 6,385 Property Taxes - Current - (Net) 340,000 340,000 328,000 Property Taxes - Prior 4,084 530 $ 347,000 $ 351,245 $ 334,915 Net Income $ 13,000 $ 34,208 $ 10,230 Retained Earnings May 1 349,685 339,455 April 30 (Page 81) $ 383,893 $ 349,685 See accompanying Notes to the Financial Statements. 83 t 1 1 1 1 1 1 1 1 i 1 1 1 t 1 VILLAGE OF DEERFIELD, ILLINOIS COMMUTER PARKING LOT FUND BALANCE SHEET APRIL 30, 1984 ASSETS Current Assets Cash and Investments Fixed Assets (Page 86) 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 84) Total Fund Equity Total Liabilities and Fund Equity See accompanying Notes to the Financial Statements. 1984 1983 $ 73,681 $ 43,408 $691,458 $690,528 151,308 120,629 $540,150 $569,899 $613,831 $613,307 $ 832 $ 7,838 162 1,167 20,000 $ 20,994 $ 9,005 $626,240 $626,240 (33,403) (21,938) $592,837 $604,302 $613,831 $613,307 VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 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 83) 1984 1983 Budget Actual Actual $ 52,000 $ 51,415 $ 55,000 23,920 12,201 17,275 $ 28,080 $ 39,214 $ 37,725 30,679 30,651 $ 28,080 $ 8,535 $ 7,074 (20,000) (20,000) (15,000) $ 8,080 $0 1,465) $ (7,926) See accompanying Notes to the Financial Statements. (21,938) (14,012) $(33,403) $(21,938) r 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS COMMUTER PARKING LOT FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual Operations Parking Lots - Village and Federal Funds Salaries $ 2,000 $ 3,483 Benefits 60 116 Insurance 200 142 Utility Services 2,200 900 Repairs and Maintenance 1,700 65 Supplies 400 Aggregates 600 Equipment 250 930 Property Rentals 7,500 Materials 286 $14,910 $ 5,922 Less Amount Capitalized 250 930 $14,660 $ 4,992 Parking Lot - Village Construction Salaries $ 2,000 $ 3,314 Benefits 60 116 Insurance 200 143 Utility Services 2,000 3,167 Repairs and Maintenance 2,500 183 Supplies 400 Aggregates 500 Materials 1,500 286 Equipment 100 $ 9,260 $ 7,209 Total Expenses $23,920 $12,201 85 VILLAGE OF DEERFIELD, ILLINOIS COMMUTER PARKING LOT FUND STATEMENT OF FIXED ASSETS AND DEPRECIATION FOR THE YEAR ENDED APRIL 30, 1984 Assets Balances Balances May 1, 1983 Additions Deletions April 30, 1984 Land $ 77,500 $ 77,500 Parking Lot 613,028 $ 930 613,958 $690,528 $ 930 - $691,458 Accumulated Depreciation Balances Balances May 1, 1983 Provisions Deletions April 30, 1984 Parking Lot $120,629 $30,679 $151,308 $120,629 $30,679 - $151,308 Net Asset Value $540,150 1 1 I Il 1 I INTERNAL SERVICE FUNDS 1 1 17 Garage Fund Fund Description 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 t 1 I 1 I A I 87 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS BALANCE SHEET APRIL 30, 1984 1984 1983 ASSETS Cash and Investments $12,969 $11,102 Due from Other Funds (Note 3.C.) 8,754 10,937 Inventory 23,596 21,797 Total Assets $45,319 $43,836 LIABILITIES AND FUND EQUITY Liabilities Accounts Payable $ 5,323 $12,059 Other Payables 451 Compensated Absences Payable 4,736 4,451 Total Liabilities $10,059 $16,961 Retained Earnings (Page 88) 35,260 26,875 Total Liabilities and Fund Equity $45,319 $43,836 See accompanying Notes to the Financial Statements. VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Operating Revenues Charges for Services Billings Operating Expenses Operations Net Operating Income (Loss) before Other Financing Sources Other Financing Sources Operating Transfers In General Fund Net Operating Income and Other Financing Sources Retained Earnings May 1 - As Restated April 30 (Page 87) 1984 Budget Actual $119,600 $131,581 1983 Actual $123,100 125,630 123,196 139,901 $ (6,030) $ 8,385 $(16,801) 70,000 $ (6,030) $ 8,385 $ 53,199 See accompanying Notes to the Financial Statements. 26,875 $ 35,260 (26,324) $ 26,875 89 1 1 1 1 1 1 1 i 1 1 1 1 i 1 i 1 1 1 VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF CHANGES IN FINANCIAL POSITION FOR THE YEAR ENDED APRIL 30. 1984 Cash Was Provided By Net Income Decrease in Current Assets Increase in Current Liabilities Transfer from General Fund Cash Was Used To Decrease Current Liabilities Fund Operating Loss Net Increase Cash and Investments May 1 April 30 See accompanying Notes to the Financial Statements. Totals 1984 1983 $ 8,385 384 $ 5,325 6,306 70,000 $ 8,769 $ 81,631 6,902 16,701 $ 1,867 $ 64,930 11,102 (53,828) $12,969 $ 11,102 90 VILLAGE OF DEERFIELD, ILLINOIS GARAGE FUND STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL FOR THE YEAR ENDED APRIL 30, 1984 Budget Actual Operations Public Works Department Salaries $ 50,700 $ 50,224 Overtime 3,900 6,196 Employee Benefits 3,600 3,593 Apparel 330 244 Travel, Training and Dues 200 257 Printing and Advertising 350 302 Insurance 3,000 2,552 Miscellaneous 200 236 Professional Services 50 Utility Services 2,000 1,933 Repairs and Maintenance 5,000 Supplies 52,000 54,088 Motor Vehicle Supplies 800 556 Equipment 1,800 1,886 Communications 200 127 Materials 500 125 Small Tools and Equipment 1,000 877 $125,630 $123,196 �l J 1 1 1 [l FIDUCIARY FUND TYPES 1 1 1 1 I 1 I I TRUST AND AGENCY FUNDS 1 1 1 IFund 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. 1 [1 11 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 H O F-1 Cn (sj r4 z x H O V] w 00 A >a U Q\ w z¢ IJ 04 d oPQ cn w A c5 a A z z /+ K4 � rx o V W::D 04 E4 U a a 1--1 91 ,. n %.O N Ln ON ON t!1 M ON n N Ln O O 00 O*, .t 00 N %0 00 Ul) M CN N f` O M C n N O 00 -4 cn -4 It M 1.0 �0 .•-r .t 1-4 N M N N M --i N N c? Vs Vs Ls Vs v c? V} r-1 ca 1J O H %0 O U1 •--4 N 00 r, VI) N O M U'% --4 r- 00 . + .o -t N 00 O O r` cn -t 00 %D r- M r: cV 1: O 1D 00 1: 1\ O� O N 00 •--4 00 O% M O N 1.4 00 OO •--r n 00 N N M 1-4 N N Vs lA Vs Vs Vs v Vs Vs L Ln Ln 00 r� Ln V1 •ri f\ r� tf1 .--1 n n U m O O N OO O O I a) N r-_ O O a) 00 m as d A Vs cis vs m ca .� cn Ln 1.0 00 r+ %0 %0 a) G O u'1 w %0 M O M M O JJ U O ^ . w O ra w N 00 N cn O N N C H O C Ljr) r4 00 rr (1) H 44 a) Ow a N N M N N Vs Vs vs Vs Vs L v ca L a) Cn �J w w rl �+ a) N O U •ra L C D 1-4 L cys z w cn •,4 0 a � W � w i -W z a a a L W U A w >% u CN w aJ v JJ ar 1 .-0 i cn a)J w a) � �' 4 a El . o „ z° H 6 w y w 0 .e w 4 w A 1.4 00 w iJ w w 4..1 A c0 tv a) •,4 • 4 C O to X a) w i � >, —4 .0 w"o .D • rl cn a) ca JJ w Q, Co co .0 ca 0 O 0 co > H C w a s (v •,a (L) 44 V C ..1 C it ca H Q to w T ra u w w 0-7 cb � 4 w a) w to c0 C "o > a. .-� a.+ •d ,-a 0-4 -4 +J 4.1 a .4 ca a) w rd -4 V D ►+ 0) CO H 4J C •.4 co -4 > a) c0 co O i+ co a) C w L H •.•1 C w, >4 JJ CO W CO L L u > M w a, O a -4 O 0 a) 0 oa w a) O O u f O u .0 E+ H -4 u A. 4 F+ w W H E+ cd x a) w v i A a u a) -Li 10 0)o ciO4 0 H co.4Ao IV �x] U W .a .1 w M 92 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, 1984 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 91) 1984 1983 Budget Actual Actual $135,000 $ 135,000 $ 122,000 1,358 112 7,000 3,907 5,012 $142,000 $ 140,265 $ 127,124 220,000 265,078 212,511 80,000 83,022 53,120 $442,000 $ 488,365 $ 392,755 $ 33,000 $ 37,455 $ 29,403 250 75 200 $ 33,250 $ 37,530 $ 29,603 $408,750 $ 450,835 $ 363,152 2,276,532 1,913,380 Q7 777 147 Q7 774 c7n See accompanying Notes to the Financial Statements. 1 1 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, 1984 Total 1984 1983 Cash Was Provided By Operations Net Income $ 450,835 $ 363,152 Increase in Current Liabilities 125 $ 450,835 $ 363,277 Cash Was Used To Increase Current Assets $ 27,448 $ 27,296 Decrease Current Liabilities 125 $ 27,573 $ 27,296 Net Increase $ 423,262 $ 335,981 Cash and Investments May 1 2,092,769 1,756,788 April 30 $2,516,031 $2.092.769 See accompanying Notes to the Financial Statements. 93 94 VILLAGE OF DEERFIELD, ILLINOIS DEPOSIT FUND STATEMENT OF CHANGES IN ASSETS AND LIABILITIES FOR THE YEAR ENDED APRIL 30, 1984 Balances May 1, 1983 Increase ASSETS Cash and Investments $64,438 $25,637 LIABILITIES Balances Decrease April 30, 1984 $90,075 Deposits Payable $61,089 $26,728 $87,817 Accounts Payable 3,349 $1,091 2,258 Total Liabilities $64,438 $26,728 $1,091 $90,075 See accompanying Notes to the Financial Statements. 1 11 ACCOUNT GROUPS GENERAL FIXED ASSETS ACCOUNT GROUP 1 GENERAL FIXED ASSETS ACCOUNT GROUP To account for fixed assets not used in proprietary fund operations or accounted for in trust funds. 1 1 1 1:1 IJ 1 I 1 1 1 1 1 1 1 1 1 r r t 1 VILLAGE OF DEERFIELD, ILLINOIS GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF GENERAL FIXED ASSETS APRIL 30, 1984 GENERAL FIXED ASSETS Land $1,718,027 Buildings and Improvements 1,237,500 Vehicles 410,619 Equipment 765,201 INVESTMENT IN GENERAL FIXED ASSETS General Revenues $2,231,347 General Obligation Bonds 1,500,000 Installment Contracts 400,000 $4,131,347 See accompanying Notes to the Financial Statements. 95 1 l 1 b i ro ro O ro 0 0 �- m 0 r• r• M R O W ° < a a � � fD R p r• R L' r• fT C 1n r r. �cn V r-• N W t'+ r• W v O w I Oo a o -i N O k.P a ro H r — N �p N n r• O W rr V �D In N C G C1. r Un v CD V N CD O In In pGp 4' O O O O O CD R y to C O w co Oo r• rn v rn N r+ �O A V OD W to C=] � N N �--• lJ� �O O •L� r N In OD V O T rn co (D fT in {p � N ►- v O� O W �O V1 V R v rn -1 � H a H CrJ z H O C�J z CrJ H DC Cl7 d En cn C=] H En 1 Od hC C: z c� H H O z a z C7 a H H C r•i H �C [+7 cai 1--1 x O ra ro d C7 Cn m H H En m r n O H z r H r•i 00 O En C It 96 r 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, 1984 Balances Balances Function and Activity May 1, 1983 Additions Deletions April 30, 1984 General Government $ 645,528 $ 39,258 $ 9,742 $ 675,044 Public Safety 2,622,460 49,073 14,966 2,656,567 Public Works 766,565 51,878 18,707 799,736 $4,034,553 $140,209 $43,415 $4,131,347 1 f 97 1 1 I 4 t 1 1 -1 1 1 GENERAL LONG TERM DEBT ACCOUNT GROUP 1 I 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 Ii I t 1 It 1 1 1 I 1 1 1 i 7 Q a� 8 I 1 i 1 1 I Ll SUPPLEMENTARY DATA 1 I 1 1 1 1 1 11 r 1 t 99 N ON 5 M N m MO v'� �O V1 �'1 Vnl M W t n N O O C 1D Cat O pppp O M P J N n M n 'D M 00 N M lcp lD n M lD N n n J N GO o0i I n �. �D M �O .O n n O QD 10 00�j �. .O � J cod o y !? N N to N l/t N N t? C, VY N W u (.Oy N OD M M O oo N D, M N ID O M n N n 00 N n N OD�O �D M 00 O� 10 M O� V1 �O M n O O M J M N �D (n D� N M N n 00 Ci OMO 00 --i N ppnpp ^ , � %D M D M ill M p�7p N VM1 N ""� N n � M CD .n-� O qCj O� O O rn O rn O O 8 O M d rn n n n N u'1 (? D\ n ✓� u1 V1 N 'D N a,N M N •"'� D� t/Y �/1 10 V1 O O 0p Vl .fir O V1 00 N V1 10 N N n N M N ti n D� 0p V1 C Q M M D+ 'O NN N O In1 fn y� �N 10 10 ••-i N v CO IC V). t? yC N N V1 V1 �J �D N1 M d �7 M S NIri M M N Sti M M M O v [D n Cn yp i ZZ 1. � v tCt�� .Mi .Mi W H CC r! N 55Np W O M A Qi G LCD M 0�0 111 C% N N O L U O Vl �O 10 .r 00 M d n 3 3 0O D� t/f V} VY t? df Vi N t/T u ® •p N .-iVl 1 00 M M M n V1 ti 'O v1 M O� n HZ 8 51 a,,qy L E N M 1� �O u1 00 N V1 O v tl1 n v d 00 N N M M O v n M H O O n n �y 00 yq EnUU ti V} t/} !? f/} (? VT V} VY VT to C& t&0 7 y OO4 No 00 g Q a) 0 I-4I � I I cu c a u v>I cl III .N w O x l of �? N N '�' • U C O tq ee00 .� .� •s .p' X Cp cu w vH u•.+ �C L C C••� ,� 27 •Wp -u �/ cum �a8 l�a�w� •.+ pvppp 'll .yy� "' u m °' ¢ N •.CUCI p�� .y c`� q ro � .� t�' pip .01, d NCO v r u [� N N •U U �-•i •p L �C �+ O 3 D. % •V 3 7 O caa v�� W i5 & �c'n a & "01 3�c� Cl co 100 VILLAGE OF DEERFIELD, ILLINOIS COMBINED STATEMENT OF INVESTMENTS APRIL 30, 1984 Fund General Fund U.S. Treasury Bills National Bank of North America National Westminster Bank Certificate of Deposit Cragin Federal Savings and Loan Time Deposit Continental Total General Lib rary 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 Certificate of Deposit Cragin Federal Savings & Loan Motor Fuel Tax Certificate of Deposit Northern Trust Company IMRF Certificate of Deposit Cragin Federal Savings & Loan Total Special Revenue Interest Maturity Rate Date 10.15 9/6/84 $136,324 10.70 7/31/85 199,710 10.80 3/21/85 149,091 10.05 5/7/84 200,000 9.675 7/30/84 200,000 10.25 10/25/84 200,000 9.5 6/5/84 100,000 10.375 8/28/84 50,000 9.25 5/7/84 .150,000 9.25 5/7/84 135,000 $ (23) 8.000 5/26/84 350,000 8.000 6/23/84 50,000 $115,952 10.05 5/7/84 100,000 9.675 5/30/84 50,000 9.875 5/29/84 10.25 6/19/84 ci can i�� $ 399,977 127,053 265,952 125,000 75,000 e 001 GAI 101 VILLAGE OF DEERFIELD, ILLINOIS COMBINED STATEMENT OF INVESTMENTS APRIL 30, 1984 Fund Debt Service Certificate of Deposit Cragin Federal Savings & Loan Total Debt Service Capital Project Money Market Continental Certificate of Deposit Northern Trust Company Time Deposit Continental Sewerage Treatment Facility Time Deposit Continental Total Capital Projects Water Money Market Deerfield State Bank Sewer Money Market Deerfield State Bank Certificate of Deposit Cragin Federal Savings and Loan Refuse Certificate of Deposit Cragin Federal Savings & Loan Total Enterprise Interest Maturity Rate Date 10.150 11/27/84 $350,000 9.875 6/18/84 150,000 10.400 7/24/84 125,000 9.500. 5/22/84 9.500 5/14/84 10.375 8/28/84 $272,937 9.85 6/25/84 100,000 9.85 7/12/84 150,000 10.25 6/19/84 $625,000 $161,479 105,000 185,000 50,000 $501,479 $328,970 522,937 75,000 $926,907 102 VILLAGE OF DEERFIELD, ILLINOIS COMBINED STATEMENT OF INVESTMENTS APRIL 30, 1984 Fund Police Pension Savings Account Deerfield Savings and Loan U.S. Treasury Notes Deerfield State Bank U.S. Treasury Bonds Deerfield State Bank Continental Bank Stripped Coupons Continental Bank Deerfield State Bank Deposit Money Market Deerfield State Bank Total Trust and Agency Interest Maturity Rate Date $ 5,000 8.250 5/88 89,866 15.375 10/15/88 119,313 8.750 11/15/88 99,062 9.250 5/15/89 51,704 8.250 5/90 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 8/15/93/98 81,584 12.625 5/15/95 142,350 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 8/15/01 96,033 14.000 11/15/11-06 105,187 14.000 11/15/11-06 110,000 11.750 2/15/10 103,875 13.875 5/15/11 153,187 12.000 8/13 142,828 12.300 5/15/05 86,527 12.550 2/15/96 98,307 12.250 11/15/04 22,839 11.700 8/01/05 107,152 $2,471,783 19,724 $2,491,507 Total All Funds $7.058.000 103 1 I I 1 1 i I 1 1 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS SEWERAGE IMPROVEMENT BOND SERIES OF 1973 APRIL 30, 1984 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 1982 $ 15,138 $ 15,138 1984 $15,138 92-106 1983 $ 75,000 28,550 103,550 1984 $15,138 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 41375 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 511250 1992 1,250 $625,000 $145,100 $770,100 $72,550 $72,550 104 1 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS SEWERAGE TREATMENT FACILITIES BOND SERIES OF 1973 APRIL 30, 1984 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 $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 Tax Bond Levy Numbers Year Principal Interest Total 1982 $ 28,562 $ 28,562 166-190 1983 $ 125,000 54,250 179,250 191-215 1984 125,000 48,438 173,438 216-240 1985 125,000 42,563 167,563 241-265 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 3167340 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 $1,175,000 $298,500 $1,473,500 Coupons Due on Dec. 1 Amount June 1 Amount 1984 $ 28,562 1984 $ 28,562 1985 25,688 1985 25,688 1986 22,750 1986 22,750 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 $149,250 $149,250 105 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS CORPORATE PURPOSE BOND SERIES OF 1983 APRIL 30, 1984 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 1 Interest Dates June 1 and December 1 Payable at American National Bank & Trust Chicago, Illinois PRINCIPAL AND INTEREST REQUIREMENTS Tax Bond Levy Numbers Year Principal Interest Total 1- 10 1983 $ 50,000 $ 42,500 $ 92,500 11- 30 1984 100,000 38,250 138,250 31- 50 1985 100,000 29,750 129,750 51- 75 1986 125,000 21,250 146,250 76-100 1987 125,000 10,625 135,625 $500,000 $142,375 $642,375 Coupons Due on June 1 Amount Dec. 1 Amount 1984 $21,250 1984 $21,250 1985 19,125 1985 19,125 1986 14,875 1986 14,875 1987 10,625\ 1987 10,625 1988 5,312 1988 5,313 $71,187 $71,188 106 1 Date of Issue Date of Maturity Authorized Issue Actual Issue Denomination of Bonds Interest Rate Principal Payment Date Interest Dates Payable at VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS CORPORATE PURPOSE BOND SERIES OF 1982 APRIL 30, 1984 October 1, 1982 December 1, 1994 $500,000 $500,000 $ 5,000 10.25% - 9.60% December 1 June 1 and December 1 The Northern Trust Company PRINCIPAL AND INTEREST REQUIREMENTS Tax Levy Coupons Due on Year Principal Interest Total June 1 Amount Dec. 1 Amount 1983 $ 46,088 $ 46,088 1984 $ 23,044 1984 $ 23,044 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 q-;84,27S 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 $347,613 $847,613 $173,808 $173,805 1 1 1 1 1 I 107 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS CORPORATE PURPOSE BOND SERIES OF 1982 - A APRIL 30, 1984 Date of Issue December 1, 1982 Date of Maturity December 1, 1993 Authorized Issue $500,000 Actual Issue $500,000 Denomination of Bonds $ 5,000 ' Interest Rate 7.0% - 8.5% Principal Payment Date December 1 Interest Dates June 1 and December 1 Payable at American Fletcher National Bank, Indianapolis PRINCIPAL AND INTEREST REQUIREMENTS 1 Tax Levy Coupons Due on Year Principal Interest Total June 1 Amount Dec. 1 Amount 1983 $ 50,000 $ 39,250 $ 89,250 1984 $ 19,625 1984 $ 19,625 1984 50,000 35,750 85,750 1985 17,875 1985 17,875 1985 1986 50,000 50,000 32,250 28,750 82,250 78,750 1986 1987 16,125 14,375 1986 1987 16,125 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 $500,000 $223,750 $723,750 $111,875 $111,875 I 1 108 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS LAND ACQUISITION BOND SERIES OF 1974 APRIL 30. 1984 Date of Issue December 1, 1974 Date of Maturity June 1, 1984 Authorized Issue $1,000,000 Actual Issue $1,000,000 Denomination of Bonds $ 5,000 Interest Rate 5.4% - 6.0% Principal Payment Date December 1 Interest Dates June 1 and December 1 Payable at First Commercial Bank and Trust PRINCIPAL AND INTEREST REQUIREMENTS Tax Bond Levy Numbers Year Principal Interest Total 1982 $4,275 $ 4,275 171-200 1983 $150,000 4,275 154,275 $150,000 $8,550 $158,550 Couoons Due on Dec. 1 Amount June 1 Amount 1984 $4,275 1984 $4,275 $4,275 $4,275 109 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS POLICE ADDITION INSTALLMENT CONTRACT OF 1979 APRIL 30, 1984 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 $ 25,000 $21,788 $ 46,788 1984 145,000 ?k. 20,088 165,088 1985 155,000 10,385 165,385 $325,000 $52,261 $377,261 110 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS WATER REVENUE BOND SERIES OF 1960 APRIL 30, 1984 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 1985 81-85 $ 5,000 $1,913 $ 6,913 1984 $ 956 1985 $ 957 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 $45,000 $6,163 $51,163 $3,080 $3,083 111 VILLAGE OF DEERFIELD, ILLINOIS LONG-TERM DEBT REQUIREMENTS WATER REVENUE BOND SERIES OF 1959 APRIL 30, 1984 Date of Issue April 1, 1959 Date of Maturity May 1, 1989 Actual Issue $545,000 Denomination of Bonds 1-545 @ $1,000 Interest Rates 5% - 4.25% Interest Dates November 1 - May 1 Principal Maturity Date May 1 Payable at LaSalle National Bank Chicago Year Bond Ended Numbers 1985 381-410 1986 411-440 1987 441-475 1988 476-510 1989 511-545 PRINCIPAL AND INTEREST REQUIREMENTS Coupons Due on Principal Interest Total Nov. 1 Amount May 1 Amount $ 30,000 $ 7,088 $ 37,088 1984 $ 3,544 1985 $ 3,544 30,000 5,738 35,738 1985 2,869 1986 2,869 35,000 4,462 39,462 1986 2,231 1987 2,231 35,000 2,976 37,976 1987 1,488 1988 1,488 35,000 1,488 36,488 1988 744 1989 744 $165,000 $21,752 $186,752 $10,876 $10,876 112 1 VILLAGE OF DEERFIELD, ILLINOIS POLICE PENSION FUND STATEMENT OF OFFICERS' DEPOSITS Balance Balance. April 30, 1983 Deposits Withdrawals April 30, 1984 1050 Kenneth Anderson $ 14,835 $ 2,866 $ 17,701 1075 Leo Anderson 14,814 2,583 17,397 1078 Mark Anfenson 1,061 1,955 3,016 1125 Marcea Ross 11,098 2,416 13,514 1325 Richard Brandt 24,039 4,240 28,279 1350 William Butler 231865 2,416 26,281 1355 Louis Cacciatore 208 208 1400 Robert Charles 30,690 1,855 32,545 1550 Gordon Cooper 22,188 2,416 24,604 1600 Robert Davenport, Jr. 28,424 3,438 31,862 1700 David P. Ebert 19,932 2,416 22,348 1750 John Elofson 17,479 2,416 19,895 1800 William Ennis 11,879 2,416 14,295 1925 Marie Rose Gawne 10,403 1,235 11,638 2000 Robert Hamilton 26,472 2,917 29,389 2100 Thomas Hill 22,545 2,955 25,500 2125 George Hoffman 19,330 2,415 21,745 2163 Hilary Jenkins 6,827 2,416 9,243 2250 Larry Kick 23,769 2,416 26,185 2365 Dave Lemmer 409 409 2430 Eric Lundahl 4,657 2,095 6,752 2525 Jeffrey McDermott 25,595 2,937 28,532 2715 Robert Ogden 31506 2,016 5,522 2773 Drew R. Pranke 123 1,508 1,631 2893 Rand J. Roel 926 1,808 2,734 3025 John Sebben 16,447 2,415 18,862 3075 Thomas Sheahan 12,540 2,566 15,106 3125 Thomas Skrabala 19,391 3,084 22,475 3150 John Sliozis 11,639 2,416 14,055 3225 Michael Soler 14,672 2,415 17,087 3325 Gary Stryker 21,495 2,963 24,458 3500 Larry Tousignant 25,934 2,982 28,916 3525 David Turnbaugh 22,032 2,889 24,921 3650 Glenn E. Webb 9,580 2,448 12,028 3675 Richard Weil 4,259 2,076 6,335 380A George Hall 9,604 9,604 380B David J. Petersen 7,287 7,287 380C Thomas G. Rogge 9,411 9,411 $548,748 $83,022 - $631,770 11 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 i i 113 VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF INSURANCE IN FORCE APRIL 30, 1984 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 11 PI 1 Statistical Section 1 F1 1 11 / / / 2 p / Q S 3| E $ / r- $ $ k r 9 ON ~ _ ~ ® a A / p r 3 2 q - /| � E 2 % 9 $ E G r = r C, # r 00 \ / / / 00 - 7 / | � 90 & / & K q 2 � � © _ 7 / � / - � 7 o 00 f p / / q c7N� en� / \ R k - 7 csj \ C,4 a,/ 2 /| n m 00 C G / 9 so 3 - /o 7 U 2 Ln k r / k. § f § $ g R f Om 2 o _ � 7 �| < g & / 2 ON � o 0 'o & 2 r 2 r � 7 f _ g \ $ % � & g R � 7 � r| o / ONd 00 f / A / E r $ � 7 § W � \ / \ % / § 2 t / -4 G I & § ° � / 2 / \ S '( \ \ / k k k \ � k § £ 114 115 k k 110 % k / f 2 � $ % 7 $ 2 2 r /| 2 & CN CN 8 � r / 2 # g 3 — / \ \ E « k q r- � � 0 � G � $ k �� -t 14 04 n vq r � � O r $ � 7 7 � � k \ C % C 4 Lri $ Lri h 7 i 2 o k 7 1 k g 4 9 r 2 # % 7 0 r $ � 7 f r o f 3 # / « �) $ / \ / C 2 r % 2 $ 1-4 § 2 00| 6 r / . 9 @ = Cl) 7 7 / / en / / � 7 / o / ON r, p ON� k % k 9 9 2 / � 7 % o Cli cri 2| C14a 0 3 r R L J 9 2 % � 7 r| / G q Q r, % A g �o K # Ln G _ 3 G _ 2 7 7 3 / ? $ 44 2 2 § g rb § > 0 2 J ° I % k $ d % q J 1 i 1 1 I I u 1 1 VILLAGE OF DEERFIELD, ILLINOIS PROPERTY TAX ASSESSED VALUATIONS, RATES, EXTENSIONS AND COLLECTIONS LAST TEN FISCAL YEARS APRIL 30, 1984 (See Following Page) 11 r•a O [7z �G~uM H _www ON -i M M Z8�? 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Vi � ^ 00 t? u l rn �O l cn 00 m o� O I Ri Cl) N N 9 00 O O 00 Ch I J.J N RE �ION 1J u a U 116 117 VILLAGE OF DEERFIELD, ILLINOIS ASSESSED AND ESTIMATED VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS APRIL 30, 1984 Tax Levy Real Year Property 1974 $102,287,743 1975 109,247,674 1976 135,719,691 1977 151,516,439 1978 167,268,250 1979 187,888,610 1980 221,339,145 1981 227,433,235 1982 236,918,613 1983 235,899,599 Personal Railroad Estimated Property Property Total Value 5,816,173 $101,358 $108,205,274 $325,000,000 4,577,357 96,100 113,921,131 342,000,000 4,323,321 75,099 140,118,111 420,000,000 4,847,432 34,815 156,398,686 469,000,000 6,900,001 35,541 174,203,792 526,000,000 16,018 187,904,628 564,000,000 18,044 221,357,189 664,000,000 24,051 227,457,286 682,000,000 25,565 236,944,178 711,000,000 31,938 235,931,537 708,000,000 * No longer assessed due to change in Illinois State Statutes. 1 1 1 1 1 1 1 1 1 1 1 1 M f� i C* � �I � � �t O %O %O O o0OI o0 O V'1 r� uON1 � O O� N t- cn N M O, 00 n O^OI 't'D O� . 4 9-80S �I-,�In�ao O �p I � N MN oppp ~ �l �O r O O� . N 00 �O ON Ln �r1 n M 00 O� i N ^--i tr1 O 1.4 1-4 cli NN 1� N N � N N N C1 N �O N N N Cl! N N cn Oo00 N un t!1 1�O n n N N N °8`^8 00 N N N i.i V"� O M — N 00 OR _" N 1� LOL N N N L tw en 0 1l- N N 1— v N N N co .d �p N N N ro ro Co N O^0 M M O M O M M^ O ON to M ° L a1 d M $ co L w •U � n w 41 J.J m $4 4 A • $ u � 4 a' n A u m' i n c ,.+ L � n N_A W n n y� A o CO C Q�� n A A 8� ctl u4 04 4J pip vl •.4 C7 • r�l N R1 L . O �p O� aa cO� Ug N H> H 118 119 VILLAGE OF DEERFIELD, ILLINOIS SPECIAL ASSESSMENT COLLECTIONS LAST TEN FISCAL YEARS APRIL 30, 1984 Fiscal Assessments Year enllarfinnc 1975 $ 45,103 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 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 � N cl O N n L+ popp .7 � 8 O " pppO - a\° ~ co CT .^i J77 Z � h O 00 f+NNl 10 J 8 00 N O t+1 c�v N N NN N 77 r VT N t/Y N N co oQ \ o pQ CO O V CT p� N O� m Vl O N j6y W � va n � CQ ([VyN77] � In f�1 r 8 ZS O O N !� CO O N m M u� +1 10 O N N O � J � ZA o� In o0 �n v1 O Ol I ON ✓1 N f'1 00 O .7 d `N CJ U N N I .0 ' A y N u C� U CNl O O y o 6y] u0 120 121 ' VILLAGE OF DEERFIELD, ILLINOIS STATEMENT OF LEGAL DEBT MARGIN APRIL 30, 1984 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 Police Addition Installment Contract Land Acquisition Bonds Legal Debt Margin $235,931,537 $ 20,349,095 $ 625,000 1,175,000 500,000 500,000 50 0, 000 325,000 150,000 $ 3,775,000 $ 16,574,095 1 11 122 VILLAGE OF DEERFIELD, ILLINOIS ' STATEMENT OF DIRECT AND OVERLAPPING DEBT APRIL 30, 1984 * Percentage of ' Governmental Unit Gross Debt Debt Applicable to the Village Village of Deerfield $ 3,450,000 100.000 ' Cook County 424,147,000 .076 Metropolitan Sanitary District 720,450,000 .078 Lake County 33,495,000 4.569 North Shore Sanitary District 22,800,000 2.140 Deerfield Park District 1,310,000 98.688 Northbrook Park District 9,830,000 3.889 Highland Park District Deerfield Elementary #109 1,315,000 1,580,000 1.820 70.027 Highland Park Elementary #108 300,000 5.877 Township High School #113 1,925,000 26.257 ' Junior College #532 4,350,000 5.754 Northfield Elementary #27 150,000 4.124 Northfield Township #225 100,000 2.578 Total r- I 11 (3) ** Village's Share of Debt $3,450,000 323,740 563,156 1,530,410 48,791 1,292,819 382,304 23,933 1,106,427 17,362 505,455 250,307 6,186 2,578 S9 Sol LL6R * - 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). !23 » /C, \ —� r a \ 0� \� \ � _ & §� } 00 \ \ Cl! §ol co /| § a _ {� ƒog ()f It, §) q \�§c/ / ) § / (| / ^ / §| \ \ \2 ± / \§2 c� � ) )( 0, Q. �� jj \ j a ) 124 \ \ \ f C —| \ co}I| §| C f � C4 7 /| § \ § j|| co \ 5F \ - %D 1 � ( ) / \� % ƒ f �r ) ] > � k , — \ \ ) f \ f \ \ ) ° } 0 j r ® ] ( 7 0 ( \ 3 ! . / \ U \ / \ / ) 125 VILLAGE OF DEERFIELD, ILLINOIS DEMOGRAPHIC STATISTICS LAST TEN FISCAL YEARS APRIL 30, 1984 (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 1975 18,152 33,390 29.2 25.0% 5,892 1.5% 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 393000 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 Data Sources (1) 1980 - Census figure; 1975-79 estimated by using 1975-1980 Census data; 1981-1984 derived from data from the Department of Commerce and Community Affairs. (2) 1975-1980, 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. 126 VILLAGE OF DEERFIELD, ILLINOIS PROPERTY VALUE, CONSTRUCTION, AND BANK DEPOSITS LAST TEN FISCAL YEARS APRIL 30, 1984 (1) (1) Commercial Residential (3) Construction Construction (2) Total Fiscal Number Number Bank Property Year of Units Value of Units Value Deposits Value 1975 20 $ 7,537,590 47 $2,365,638 $29,159,000 $327,000,000 1976 23 1,268,087 68 3,546,559 38,320,000 339,000,000 1977 37 5,336,939 144 5,443,453 40,789,000 417,000,000 1978 66 9,175,438 121 3,649,126 40,288,000 465,000,000 1979 81 5,994,271 50 1,176,405 42,531,000 519,000,000 1980 52 1,580,392 67 5,650,240 49,178,000 564,000,000 1981 59 3,235,868 85 1,852,788 52,282,000 664,000,000 1982 77 9,758,795 86 1,689,832 53,522,000 682,000,000 1983 84 20,369,020 104 5,673,638 63,218,000 711,000,000 1984 52 12,146,201 46 5,131,160 63,877,000 708,000,000 Data Sources (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 127 cn 1--1 0 z F-4 a cn h r PG > 4 00 A < rn .a a W r� [T4 H O fY. 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Miles of Water Mains 70 Miles Sewers Sanitary Sewers 60 Miles Storm Sewers 60 Miles Building Permits Issued 275 to date commercial & residential Recreation and Culture Number of Parks 131 acres Number of Libraries 1 Number of Volumes (Approx) 113,000 Employees Administration 12 1 F 1 1 1 1 1