Annual Financial Report For Year Ended April 30, 1983VILLAGE OF DEERFIELD, ILLINOIS
ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED
APRIL 30, 1983
Prepared by Finance Department
George Valentine
Director of Finance
1
TABLE OF CONTENTS
PAGE
FINANCIAL SECTION
'
PRINCIPAL OFFICIALS
i
,1
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
rCombined
.3
Statement of Revenues, Expenditures,
and Changes in Fund Balances - All Governmental
and Fiduciary (Expendable Trust)Fun ypes
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
8-32
FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS
GOVERNMENTAL FUND TYPES
'
GENERAL FUND
General Fund
1
Financial Statements
Balance Sheet
33
Statement of Revenues, Expenditures, and
'
Changes in Fund Balance - Budget and Actual
34
Supplemental Statements
Statement of Revenues - Budget and Actual
35
Statement of Expenditures - Budget and Actual
36-39
1
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
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Emergency Services Disaster Fund
Financial Statements
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Youth Bound Fund
Financial Statements
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Library Fund
Financial Statements
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Supplemental Statements
Statement of Expenditures - Budget and Actual
PAGE
40
41
(See P.
40)
42
(See P.
40)
43
(See P.
40)
44
(See P.
40)
45
46
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
SPECIAL REVENUE FUNDS (CONT.)
Street and Bridge Fund
Financial Statements
Balance Sheet
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
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Public Benefit Fund
Financial Statements
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Federal Revenue Sharing Fund
Financial Statements
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Motor Fuel Tax Fund
Financial Statements
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
(See P. 40)
(See P. 40)
(See P. 40)
(See P. 40)
(See P. 40)
PAGE
47
48-52
53
54
55
56
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
DEBT SERVICE FUNDS
PAGE I
All Funds
Financial Statements
Combining Balance Sheet 57
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and Actual 58
CAPITAL PROJECTS FUNDS
All Funds
Financial Statements
.Combining Balance Sheet 59
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances 60
Land Acquisition Fund
Financial Statements
Balance Sheet (See P. 59)
Statement of Revenues, Expenditures and
Changes in Fund Balance (See P. 60)
Storm Sewer Improvement Fund
Financial Statements
Balance Sheet (See P. 59)
Statement of Revenues, Expenditures, and
Changes in Fund Balance (See P. 60)
Sewerage Treatment Facilities Fund
Financial Statements
Balance Sheet (See P. 59)
Statement of Revenues, Expenditures, and
Changes in Fund Balance (See P. 60)
Capital Projects
Financial Statements
Balance Sheet (See P. 59)
Statement of Revenues, Expenditures, and
Changes in Fund Balance (See P. 60)
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
SPECIAL ASSESSMENT FUNDS
Special Assessment Funds
All Funds
Financial Statements
Combining Balance Sheet 61
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances 62
PROPRIETARY FUND TYPES
ENTERPRISE FUNDS
All -Funds
Financial Statements
Combining Balance Sheet
63
Combining Statement of Revenues,
Expenses, and
Changes in Retained Earnings -
Unreserved
64
Combining Statement of Changes in
Financial Position
65
Water Fund
Financial Statements
Balance Sheet
66
Statement of Revenues, Expenses,
and Changes in
Retained Earnings - Unreserved
- Budget and Actual
67
Statement of Changes in Financial
Position
(See P. 65)
Supplemental Statements
Statement of Operating Expenses -
Budget and Actual
68-69
Statement of Fixed Assets and Depreciation
70
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
ENTERPRISE FUNDS (CONT.)
Sewerage Fund
Financial Statements
PAGE I
Balance Shet
71
Statement of Revenues, Expenses,
and Changes in
Retained Earnings - Unreserved
- Budget and Actual
72
Statement of Changes in Retained
Earnings - Reserved
73
Statement of Changes in Financial
Position (See P. 65)
Supplemental Statements
Statement of Operating Expenses -
Budget and Actual
74-75
Statement of Fixed Assets and Depreciation
76
Refuse Fund
Financial Statements
Balance Sheet
77
Statement of Revenues, Expenses,
and Changes in
Retained Earnings - Budget and
Actual
78
Statement of Changes in Financial
Position (See P. 65)
Commuter Parking Lot Fund
Financial Statements
Balance Sheet
79
Statement of Revenues, Expenses,
and Changes in
Retained Earnings - Budget and
Actual
80
Statement of Changes in Financial
Position (See P. 65)
Supplemental Statements
Statement of Operating Expenses - Budget and Actual 81
Statement of Fixed Assets and Depreciation 82
INTERNAL SERVICE FUND
Garage Fund
Financial Statements
Balance Sheet 83
Statement of Revenues, Expenses, and Changes in
Retained Earnings - Budget and Actual 84
Statement of Changes in Financial Position 85
Supplemental Statements
Statement of Operating Expenses - Budget and Actual 86
11
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
FIDUCIARY FUND TYPES
TRUST AND AGENCY FUNDS
All Funds
Financial Statements
Combining Balance Sheet
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balance (Expendable Trust Fund)
Combining Statement of Revenues, Expenses, and
Changes in Fund Balance - Budget and Actual
(Pension Trust Fund)
Combining Statement of Changes in Financial
Position (Pension Trust Fund)
Expendable Trust Fund
Dial -A -Ride Fund
Financial Statements
Balance Sheet
Statement of Revenues, Expenditures, and
Changes in Fund Balance
Pension Trust Fund
Police Pension Fund
Financial Statements
Balance Sheet
Statement of Revenues, Expenses, and Changes
in Fund Balance - Budget and Actual
Statement of Changes in Financial Position
Agency Fund
Deposit Fund
Financial Statements
Balance Sheet
Statement of Changes in Assets and Liabilities
(See P. 87)
(See P. 88)
(See P. 87)
(See P. 89)
(See P. 90)
PAGE
87
88
89
90
91
91
TABLE OF CONTENTS (CONT.)
PAGE
FINANCIAL SECTION (CONT.)
ACCOUNT GROUPS
GENERAL FIRED ASSETS ACCOUNT GROUP
Financial Statements
Statement of General Fixed Assets 92
GENERAL LONG-TERM DEBT ACCOUNT GROUP
Financial Statements
Statement of General Long -Term Debt 93
SUPPLEMENTAL DATA
Combined Statement of Cash and Investments
94
Combined Statement of Investments
95-97
Long -Term Debt Requirements
Sewerage Improvement Bonds of 1973
98
Sewerage Treatment Facilities Bonds of 1973
99
Land Acquisition Bonds of 1974
100
Corporate Purpose Bond Series of 1982
101
Corporate Purpose Bond Series of 1982-A
102
Contract of 1979 Installment Police Addition
103
Water Revenue Bond Series of 1960
104
Water Revenue Bond Series of 1959
105
Property Tax Assessed Valuations, Rates and
Extensions - Last Five Fiscal Years
106
Statement of Legal Debt Margin
107
Statement of Officer's Deposits
(Police Pension Fund)
108
Statement of Insurance in Force
109
i
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Marvin W. Ehlers
Jerold L. Heisler
Cynthia T. Marty
VILLAGE OF DEERFIELD. ILLINOIS
PRINCIPAL OFFICIALS
APRIL 30. 1983
LEGISLATIVE
VILLAGE BOARD OF TRUSTEES
Bernard Forrest, President
Edwin B . Seidman
Vernon E. Swanson
T. Robert York
Naomi S. Clampitt, Clerk
ADMINISTRATIVE
Robert Franz, Village Manager
FINANCE DEPARTMENT
George Valentine, Director of Finance/Treasurer
1
I AUDITORS' REPORT ON THE FINANCIAL STATEMENTS
9
[1
Lj
1<4a 0
Certified Public Accountants
r
1
The Honorable Bernard Forrest, Mayor
Members of the Board of Trustees
Village of Deerfield
Deerfield, Illinois
We have examined the combined financial statements of the Village of
1 Deerfield, Illinois and the combining, individual fund, and account
group financial statements of the Village as of and for the year ended
April 30, 1983 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.
` The records of the Special Assessments Numbers 3-84 (issued prior to
4
1930) were incomplete as to assessments receivable and bonds payable.
The Special Assessment Fund has been presented on the full accrual
basis of accounting which is not in conformance with generally accepted
\accounting principles.
rIn our opinion, the combined financial statements referred to above,
except for the effects on the financial statements of the preceding
paragraphs, present fairly the financial position of the Village of
Deerfield, Illinois at April 30, 1983, and the results of its
operations and the changes in financial position of its proprietary
fund types and similar trust funds for the year then ended, in
conformity with generally accepted accounting principles applied on a
basis consistent with that of the preceding year. Also, in our
opinion, the combining, individual fund, and account group financial
' statements referred to above, except for the effects on the financial
statements of the preceding paragraphs, present fairly the financial
.position of the individual funds and account groups of the Village of
r
Bank of Wheaton Building • 211 South Wheaton Avenue • Wheaton, Illinois 60187 • (312) 665-4510
F
P]
Deerfield, Illinois at April 30, 1983, 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.
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
accompanying financial information listed as supplemental in the table
of contents is presented for purposes of additional analysis and is not
a required part of the combined financial statements of the Village of
Deerfield, Illinois. The information has been subjected to the
auditing procedures applied in the examination of the combined,
combining, individual fund, and account group financial statements and,
in our, opinion, is fairly stated in all material respects in relation
to the combined financial statements taken as a whole.
Karrison & Byrne
June 30, 1983
1
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COMBINED STATEMENTS
OVERVIEW
("Liftable" General Purpose
Financial Statements)
1
VILLAGE OF DEERFIELD, ILLIN01S
ALL FUND TYPES AND ACCOUNT GROUPS
COMBINED BALANCE SHEET
APRIL 30, 1983
(See Following Page)
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Vnum OF DEERFIIILD, ILLINOIS
ALL PROPRIETARY AND FIDUCIARY PENSION TRUST) FUND TYPES
COMBINED SDMM OF REVERMS, EXPENSES,
AND awns IN RETkim) EARNIIus FUND BALANCES
FOR THE YEAR ENDED APRIL 30, 1983
Operating Revenues
Taxes
Charges for Services
Contributions
Miscellaneous
Total Revenues
Operating Expenses
Administration
Operations
Depreciation
Benefits and Refunds
Other
Total Expenses
Operating Income (Loss)
Non -Operating Revenues (Expenses)
Interest Income
Property Taxes
Interest Expense
Net Income (loss) before Other
Financing Sources (Uses)
Other Financing Sources (Uses)
Operating Transfers In (Out)
Net Income (Loss)
Retained Earnings/Fund Balances
May 1
Prior Period Adjustments (Note )
Adjusted Balances
Intrafund Transfers In - Retained
Earnings - Reserved
April 30
1
Proprietary
Fiduciary
Find Types
Fund Types
Totals
Internal
Pension
(Memorandum Only)
,
Enterprise
Service
Trust
1983
1982
$ 127,124
$ 127,124
$ 103,408
$1,901,603
$123,100
2,024,703
1,902,640
147,160
53,120
212,5ll
53,120
359,671
60,228
302,682
$2,048,763
$123,100
$ 392,755
$2,564,618
$2,368,958
$ 178,369
$ 178,369
$ 154,419
2,035,821
$139,801
20175,622
1,826,748
256,781
2-56,781
232,654
$ 29,403
29,403
29,733
,
200
200
136,043
$2,470,971
$139,801
$ 29,603
$2,640,375
$2,379,597
$ (422,208) $(16,701) $ 363,152 $ (75,757) $ (10,639)
$ 92,075 $ 92,075 $ 120,087
328,530 328,530 306,740
(12,038) (12,038) (16,000) ,
$ 408,567 - - $ 408,567 $ 410,827
$ (13,641) $(16,701) $ 363,152 $ 332,810 $ 400,188
(15,000)
70,000
-
55,000
(14,251) ,
$ (28,641)
$ 53,299
$ 363,152
$ 387,810
$ 385,937
$1,256,824
$(21,688)
$1,913,380
$3,148,516
$2,820,681
1,827
1,827
(20,991)
$1,258,651
$ 21,688)
$1,913,380
$3,150,343
$2,799,690 ,
(7,602)
(7,602)
(37,111)
$1,251,049
$ 21,688
$1,913,380
$3,142,741
$2,762,579
$1,222,408 $ 31,611 $2,276,532 $3,530,551 $3,148,516
See accompanying Notes to the Financial Statements.
1
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1.
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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 and
fire), highways and streets, sanitation, health and social services,
culture -recreation, public improvements, planning and zoning, and general
administrative 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.
1
1
1
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9
VILLAGE OF DEERFIELD ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30. 1983
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.
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 '
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
1. 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 Fund type.
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 and Expendable Trust 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:
1
1
1
Taxes Intergovernmental Revenues ,
Property Motor Fuel Tax Allotments
Sales Federal Revenue Sharing Entitlements
Income
rI
11
VILLAGE OF DEERFIELD ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30. 1983
1. Summary 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.
An exception to
this general rule includes accumulated unpaid compensated
absences which
are not accrued.
All Proprietary Funds and Nonexpendable Trust and Pension
Trust Funds are
accounted for using the accrual basis of accounting. Their revenues are
recognized when they are earned, and their expenses are recognized when
they are incurred. Unbilled Waterworks and Sewerage Fund
utility service
receivables are recorded at year end.
D. Budgets and Budgetary Accounting
The Village follows these procedures in establishing the budgetary data
reflected in the financial statements:
1. The Village Manager submits to the Board of Trustees a proposed
operating budget for the fiscal year commencing the following May 1.
The operating budget includes proposed expenditures and the means of
financing them.
2. Budget hearings are conducted.
' 3. The budget is legally enacted through passage of an ordinance.
4. The budget may be amended by the Board of Trustees.
5. Budgets are adopted on a basis consistent with generally accepted
accounting principles (GAAP).
The level of control (level at which expenditures may not exceed
budget) is the Fund. Budget lapses at year end. The Village also
prepares budgets for Enterprise and Pension Trust Funds. Such budge-
tary comparisons are reflect_eW_in the uncial report.
12 1
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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.
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 in Governmental Funds consists of expendable supplies held for
consumption. The cost is recorded as an expenditure at the time individual
inventory items are purchased. Inventory is recorded on the basis of a
physical count.
Advance to Other Funds
Noncurrent portions of long-term interfund loans receivable (reported in
"Advance to" asset accounts) are equally offset by a fund balance reserve
account which indicates that they do not constitute "available spendable
resources" since they are not a component of net current assets. Current
portions of long-term interfund loans receivable (reported in "Due from"
asset accounts) are considered "available spendable resources".
Fixed Assets and Long -Term Liabilities
The accounting and reporting treatment applied to the fixed assets and
long-term liabilities associated with a fund are determined by its
measurement focus. All Governmental Funds and Expendable Trust Funds are
accounted for on a spending or "financial flow" measurement focus. This
means that only current assets and current liabilities are generally
included on their balance sheets. Their reported fund balance (net current
assets) is considered a measure of "available spendable resources."
1
1
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i
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
1. Summary of Significant Accounting Policies (Cont.)
E. Assets, Liabilities, and Fund Equity (Cont.)
Fixed Assets and Long -Term Liabilities (Cont.)
Governmental fund operating statements present increases (revenues and
other financing sources) and decreases (expenditures and other financing
uses) in net current assets. Accordingly, they are said to present a
summary of sources and uses of "available spendable resources" during a
1 period.
Fixed assets used in governmental fund type operations (general fixed
assets) are accounted for in the General Fixed A§'sets, Account Group, rather
i than in governmental funds. Public domain ("infrastructure") general fixed
assets consisting of certain improvements other than buildings, including
roads, bridges, curbs and gutters, streets and sidewalks, drainage systems,
and lighting systems, are not capitalized along with other general fixed
assets. No depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost
if actual historical cost is not available. Donated fixed assets are
valued at their estimated fair value on the date donated.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long -Term Debt Account Group, not in the
governmental funds. The single exception to this general rule is for
special assessment bonds, which are accounted for in Special Assessment
Funds.
The two account groups are not "funds." They are concerned only with the
' measurement of financial position. They are not involved with measurement
of results of operations.
Noncurrent portions of long-term receivables due to governmental funds are
reported on their balance sheets, in spite of their spending measurement
focus. Special reporting treatments are used to indicate, however, that
they should not be considered "available spendable resources" since they do
not represent net current assets. Recognition of governmental fund type
revenues represented by noncurrent receivables is deferred until they
become current receivables. Noncurrent portions of long-term loans
' receivable are offset by fund balance reserve accounts. The Village does
not currently have any noncurrent receivables and related reserves.
1
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1
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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 prorprietary 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
1
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1
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
15
1. Summary of Significant Accounting Policies (Cont.)
F. Revenues, Expenditures, and Expenses
Property Tax Revenue Recognition
Property Taxes attach as an enforceable lien on January 1. 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, 1983 and August 1, 1983, and are payable in two installments, on
' or about June 1, 1983 and on or about September 1, 1983. The County
collects such taxes and remits them periodically. Property tax revenues
are recognized in the same accounting period as when both the levy and lien
date have passed even though the taxes are not collected until the
following year.
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.
Revenue recognition as stated above is based upon NCGA Interpretation 3 -
'
"Revenue
Recognition -
Property Taxes", Paragraph
8, "unusual circum-
stances".
In Illinois,
property tax levies are generally tied to budget/
appropriation ordinances
is based upon the April
for given fiscal years (the
30, 1983 budget fiscal year).
1982 property tax levy
Thus, recognition of
the 1982
levy as revenue
in fiscal 1983 properly
matches expenditures/
expenses
with revenues
intended to finance those
expenditures/expenses.
The length of the time lapse between the lien and collection dates would
(under Interpretation 3) cause a particular tax levy year's revenues to
"straddle" fiscal years, and destroy the accountability objectives
' established when the levy and budget were passed. The collection of taxes
can vary from year to year depending upon the date of tax bill issuance by
the county (each Illinois county may even be different). Thus, consistency
and comparability objectives are not attainable if Interpretation 3
" available" criteria are applied. Therefore, the aforementioned property
tax revenue recognition policy as stated in the first paragraph of this
footnote is the most appropriate in the circumstances.
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16 1
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
1. Summary of Significant Accounting Policies (Cont.)
F. Revenues, Expenditures, and Expenses (Cont.)
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, 1983:
Vacation Pay
Sick Leave
$203,194
193,241
$396,435
The Village does not accrue such amounts on its books. These amounts do
not exceed normal year's accumulations.
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. 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.
1
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VILLAGE OF DEERFIELD, ILLINOIS
' NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
1. Summary of Significant Accounting Policies (Cont.)
' G. Financial Reporting (Cont.)
Budgetary Data
The Village operates under the Budget Act. For consistency purposes, all
financial statements utilize the term "Budget", to indicate estimated
revenues or appropriations.
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
' Statements 1-4", and subsequent NCGA Interpretations.
2. Stewardship, Compliance, and Accountability
A. Deficit Fund Balances/Retained Earnings of Individual Funds
No fund had a deficit in fund balance/retained earnings at April 30, 1983.
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, 1983:
Fund Excess
' Motor Fuel Tax $125,596
Debt Service 95,702
' Refuse 18,900
Garage 26,241
18
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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.
4. Fixed Assets
a. Changes in General Fixed Assets
Land
Building and
Improvements
Vehicles
Equipment
Office Furniture and
Equipment
Balances
Balances
May 1, 1982
Additions
Deletions April 30, 1983
$1,659,545
$ 59,152
$1,718,697
1,237,500
1,237,500
351,680
21,568
373,248
429,085
17,980
447,065
214,867
43,176
258,043
$3,892,677
$141,876
- $4,034,553
19
' VILLAGE OF DEERFIELD ILLINOIS
' NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
'
3. Detail Notes on All Funds and Account Groups (Cont.)
A. Assets (Cont.)
4. Fixed Assets (Cont.)
b. Summary of Proprietary Fixed Assets
at April 30,
1983
Enterprise
'
Water
Sewer
Commuter
Parking Lot
Land
$ 77,500
'
Systems $785,215
$5,904,540
Equipment and Vehicles 137,601
135,196
Parking Lot
613,028
$922,816
$6,039,736
$690,528
Less Accumulated
Depreciation 456,847
628,923
120,629
$465,969
$5,410,813
$569,899
'
B. Liabilities
1. Retirement Fund Commitments
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.
I
20 ,
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
3. Detail Notes on All Funds and Account Groups (Cont.)
-B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
a. Illinois Municipal Retirement Fund (Cont.)
2) The Illinois Municipal Retirement Fund's (Chicago) actuary
estimated that as of December 31, 1982, the present value of
currently accrued retirement obligations of the Village was
$2,048,757. The Village had accumulated assets of $665,380 on
the same date. Therefore, the balance of $1,383,377 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 $386,721
of this amount and the prior service portion of the rate is
expected to provide $996,656. The latter amount is considered
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 $215,444. This is a
statewide plan, administered by IMRF. The Village has no
further liability to this plan.
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
1i
II
1
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1
CI'
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11
21
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities (Cont.)
1. Retirement Fund Commitments (Cont.)
b. Police Pension Fund (Cont.)
1) (Cont.)
ending in 2020. The total actuarial requirements at April 30,
1982 (the date of the latest computation) amounted to
$3,040,136, as determined by the Illinois Department of
Insurance.
Net present assets $1,913,380
Unfunded accrued liability 1,126,756
$3,040,136
Actual contributions this year totaled $127,124. This is a
single -employer plan administered by the Village.
2) Changes in Fund Balance
Reserved for
Employee
Retirement
Total
Unreserved
System
Balances - May 1, 1982
$1,913,380
$0 ,051,729)
$2,965,109
Additions
Employer Contributions (Taxes)
127,124
127,124
Employee Contributions
53,120
53,120
Interest
212,511
212,511
Total Balances and Additions
$2,306,135
$0 ,051,729)
$3,357,864
Actuarial Adjustments
(Increase) Decrease in
Unfunded Accrued Liability
(75,028)
75,028
Total Revised Balances
$2,306,135
$0 ,126,757)
$3,432,892
Deductions
Pension Payments
$ 29,403
$ 29,403
Miscellaneous
200
200
Total Deductions
$ 29,603
-
$ 29,603
Balances - April 30, 1983
$2,276,532
$0 ,126,757)
$3,403,289
22
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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,.1982.
Amount necessary to amortize the unfunded
accrued liability of $1,126,756 as
determined by the State of Illinois Depart-
ment of Insurance over the remaining
37.6740 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.
$ 97,029
80,774
$177,803
2. Commitments
The following contractual commitments existed
at April 30,
1983:
Expended
Required
Project
Through
Future
Description
Authorization
April 30, 1983
Committed
Financing
Wilmot Road
Eng. Phase III
$ 23,048
-
$ 23,048
NONE
Wilmot Road
Construction
289,500
-
289,500
NONE
5 MGD Water Pump
103,450
-
103,450
NONE
5 MGD Water Pump
Engineering
12,000
$ 7,430
4,570
NONE
Storm and Waste-
water Study
225,254
-
225,254
NONE
Digester Cover
,
Replacement
125,000
114,750
10,250
NONE
$778,252
$122,180
$656,072
1
1
1
1
1
1
1
1
1
1
i
1
1
1
1
23
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
3. Detail Notes on All Funds and
Account Groups (Cont.)
B. Liabilities (Cont.)
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
Capital leases (as defined in SFAS
13), if any, have been
treated in
accordance with SFAS 13.
5. Long -Term Debt
a. Changes in Long -Term Debt
Balances
Balances
May 1, 1982
Issuances Retirements
April 30, 1983
General Obligation Bonds
Sewerage
Improvement Bonds
$ 700,000
$ 75,000
$ 625,000
Facility Bonds
1,300,000
125,000
1,175,000
Land Acquisition
Bonds
275,000
125,000
150,000
Corporate Purpose Bond
Series of 1982
$ 500,000
500,000
Corporate Purpose Bond
Series of 1982-A
500,000
500,000
$2,275,000
$1,000,000 $325,000
$2,950,000
Public Benefit
$ 39,600
- $ 10,900
$ 28,700
Installment Contracts
Police Addition
Installment Note
$ 345,000
- $ 20,000
$ 325,000
Revenue Bonds
Water Revenue
Bonds of 1959
$ 220,000
$ 25,000
$ 195,000
Water Revenue
Bonds of 1960
55,000
5,000
50,000
$ 275,000
- $ 30,000
$ 245,000
Special Assessment Bonds
$ 68,669
- $ 20,337
$ 48,332
24 t
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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
1984
$ 530,168
$11,100
$ 46,788
$ 45,637
$10,000 $
643,693
1985
581,288
9,700
165,088
44,001
10,000
810,077
1986
435,038
2,700
165,385
47,438
650,561
1987
419,575
2,700
50,737
473,012
1988
404,114
2,500
48,826
455,440
1989
412,948
46,913
459,861
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
$4,503,681 $28,700 $377,261 $283,552 $20,000 $5,213,194
* These bonds are callable and have been allocated to the most current year.
11
1
1
1
25
VILLAGE OF DEERFIEI.D, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30. 1983
3. Detail Notes on All Funds and Account Groups (Cont.)
' B. Liabilities (Cont.)
5. Long -Term Debt
C. Legal Debt Margin
The Village is a home rule municipality.
Article VII, Section 6(k) of the 1970 Illinois Constitution governs
'
computation of the legal debt margin.
"The General Assembly may limit by law the amount and
require referendum approval of debt to be incurred by
home rule municipalities, payable from ad valorem
property tax receipts, only in excess of the following
percentages of the assessed value of its taxable property
...(2) if its population is more than 25,000 and less than
500,000 an aggregate of one percent: ...indebtedness which
is outstanding on the effective date (July 1, 1971) of
this constitution or which is thereafter approved by
referendum... shall not be included in the foregoing
percentage amounts."
To date the General Assembly has set no limits for home rule
municipalities.
' d. Revenue Bond Ordinance Disclosures
1) Water Fund
a) The ordinance authorizing the issuance of the Water Revenue
Bond Series of 1959 and the subsequent Water Revenue Bond
Issue of 1960 provided for the creation of separate
accounts designated as "Operations and Maintenance
Account," "Principal and Interest Account," "Depreciation
Account," "Bond Reserve Account," "Surplus Account,"
' "Improvement and Extension Account," and "Bond Redemption
Account" into which accounts there shall be credited as of
the first day of each month except as hereinafter provided
for the Improvement and Extension Account and the Bond
Redemption Account, all monies of the system in accordance
with the following priority.
' Operation and Maintenance Account - An amount sufficient to
cover the estimated operating and maintenance expense of
the water system for the current month.
26 1
VILLAGE OF DEERFIELD. ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
3. Detail Notes on All Funds and Account Groups (Cont.)
B. Liabilities-(Cont.)
5. Long -Term Debt (Cont.)
d. Revenue Bond Ordinance Disclosures (Cont.)
1) Water Fund (Cont.)
a) (Cont.)
Bond Principal and Interest Account - an amount at least
equal to the sum of one -sixth of the interest becoming due
on the next interest payment date, and one -twelfth of the
aggregate yearly amount of principal due on the next
principal maturity date.
Depreciation Account - the sum of $250 each month until
such account aggregates the sum of $15,000. Funds
accumulated shall be used for replacements or unusual
repairs for which funds are not otherwise available.
Bond Reserve Account - an amount of $950 each month until
such account aggregates the sum of $52,000. Funds
accumulated shall be used for the payment of bond principal
and interest, should the amount available in the bond
principal and interest account be insufficient to meet the
payments when due.
Surplus Account - any monies remaining each month after
providing for the credits to the above listed accounts
shall be credited to the surplus account. At the end of
each fiscal year, funds in this account shall be used to
make up deficiencies in the prior accounts, 50% of the
remaining amounts be transferred to an Improvement and
Extension Account accumulated up to a maximum of $100,000,
and all money then remaining in the surplus account may be
used for the following purposes:
A. Create a Bond Redemption Account
B. Accelerate the accumulation of funds in
aforementioned accounts
C. Used for any lawful corporate purpose
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
27
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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 5,584
Unmetered 0
Hydrants 732
Gallons Pumped 80,900,000
Gallons Billed 68,591,000
Connecting Properties 5,343
6. Industrial Revenue Bonds
The Village issued $1,615,000 of Industrial Revenue Bonds for the
benefit of Chi-Chi's, Inc. Project. The Village has entered into an
agreement with the Citizens Fidelity Bank and Trust Company, a banking
corporation duly organized under the laws of the State of Kentucky, to
act as agent for these bonds. These bonds are secured by a mortgage
dated December 1, 1982.
28
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
3. Detail Notes on All Funds and Account Groups (Cont.
C. Interfund Receivables and Payables
General
General
Illinois Municipal Retirement
Capital Projects
Tax Incremental Finance District
Special Assessment
Garage
Special Revenue
Emergency Service
Garage
Youthbound
Garage
Street
Garage
Illinois Municipal Retirement
General
Public Benefit
Special Assessment
Federal Revenue Sharing
Debt Service
Total Special Revenue
Debt Service
Debt Service
Federal Revenue Sharing
Sewerage Treatment Facility
Tax Incremental Finance District
Due
From
$ 22,000
5,769
8,984
14,000
$ 50,753
$ 10,000
$ 10,000
$ 87,570
45,000
53,769
$186,339
Due
To
$ 44,312
1,620
$ 45,932
$ 74
200
4,730
22,000
87,570
$114,574
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
3. Detail Notes on All Funds and Account Groups (Cont.)
C. Interfund Receivables and Payables (Cont.)
Capital Projects
Capital Projects
General
Tax Incremental Finance District
General
Debt Service
Sewerage Treatment Facility
Debt Service
Total Capital Projects
Special Assessment
Special Assessment
General
Public Benefit
Enterprise
Water
Garage
Sewer
Refuse
Garage
Refuse
Sewer
Total Enterprise
Internal Service
Garage
General
Emergency Service
Youthbound
Street
Water
Sewer
Due Due
From To
$ 5,769
$ 8,984
53,769
$ 62,753
$ 45,000
$113,522
$ 44,312 $ 14,000
10,000
$ 24,000
$ 1,968
$ 749
2,345
$ 3,094
$ 749
$ 749 $ 5,062
$ 1,620
74
200
4,730
1,968
2,345
$ 10,937
$303,090 $303,090
29
30
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
3. Detail Notes on All Funds and Account Groups (Cont.)
D. 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
General Fund
To write-off prior year's encumbrances $1,828
Sewerage Treatment Facility
To correct prior year's interfund $ 749
Water Fund
To write-off prior year's encumbrances $ 133
To correct prior year's interest payable 2,443
$2,576
Sewerage Fund
To correct prior year's interfund $ (749)
31
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, 1LLIN01S
NOTES TO THE FINANCIAL SfATFMENIS
APRIL 30, 1983
4. Segment Information for Certain Individual Enterprise Funds
The Village maintains 4 Enterprise Funds uhich provide water, sewerage, refuse and parking services.
Segment information for the year ended April 30, 1983 is as follows:
Operating Revenues
Depreciation, Depletion, and
Amortization Expense 37,744
Operating Income or (Loss) 143,955
Operating Transfers
Out
Tax Revenues
Net Incase (Loss) 157,496
Current Capital Contributions and Transfers
Transfers
Plant, Property and Equipment
Additions 98,393
Deletions 3,716
Net Forking Capital 419,708
Bonds and Other Iong-Te=
Liabilities
Payable fron Operating
Revenues 245,000
Total Equity 729,385
%ter Sewerage Refuse Parking lot
Fund Fund Fund Fund Total
$926,326 $ 641,722 $ 425,715 $ 55,000 $2,048,763
188,386 30,651 256,781
(248,552) (324,685) (7,926) (437,208)
15,000 15,000
328,530 328,530
(188,441) 10,230 (7,926) (28,641)
42,302 42,302
177,915 276,308
3,716
352,781 349,685 34,403 1,156,577
245,000
5,957,761 349,685 604,302 7,641,133
32
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
5. 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, 1983 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. Subsequent Events
There were no material subsequent events.
GOVERNMENTAL FUND TYPES
1
1
1
I
I
I
GENERAL FUND
33
VILLAGE OF DEERFIELD, ILLIN01S
GENERAL FUND
BALANCE SHEET
APRIL 30, 1983
Totals
1983
1982
ASSETS
Cash and Investments
$1,063,442
$ 897,777
Receivables
Property Taxes - Current - (Net)
399,694
394,063
Sales Tax
99,229
91,375
State Income Taxes
63,629
36,604
Fines
211000
25,000
Accrued Interest
19,118
35,534
Other
6,098
24,321
Due from Other Funds (Note 30
50,753
24,063
Other Assets
27,861
14,095
Total Assets
$1,750,824
$1,542,832
LIABILITIES AND FUND BALANCE
Liabilities
Accounts Payable $ 63,110 $ 33,395
Accrued Payroll 209
Due to Other Funds (Note 30 45,932 46,903
Other Payables 2,135 19,701
Total Liabilities $ 111,177 $ 100,208
Fund Balance (Page 34) $1,639,647 $1,442,624
Total Liabilities and Fund Balance $1,750,824 $1,542,832
See accompanying Notes to the Financial Statements.
34
VILLAGE OF DEERFIELD, ILLIN01S
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Revenues (Page 35)
Expenditures (Page 36-39)
Excess (Deficiency) of Revenues over
Expenditures before Other Financing
Sources (Uses)
Other Financial Sources (Uses)
Operating Transfer In (Out)
Street and Bridge Fund
Youth Bound Fund
Building Fund
Dial -A -Ride Fund
Garage Fund
Excess (Deficiency) of Revenues and
Other Sources over Expenditures
and Other Uses
Fund Balance
May 1
Prior Period Adjustments (Note 3.D.4)
Adjusted Balance
April 30 (Page 33)
Totals
1983 1982
Budget Actual Actual
$2,523,500 $2,602,009 $2,448,214
$2,613,900 $2,360,814 $2,249,119
$ (90,400) $ 241,195 $ 199,095
$ 33,000 $ 33,000 $ 33,000
(4,000) (4,000) (4,000)
(5,606)
(5,000) (5,000)
(70,000)
$ 24,000 $ 46,000) $ 23,394
$ (66,400) $ 195,195 $ 222,489
See accompanying Notes to the Financial Statements.
$1,442,624 $1,201,839
1,828 18,296
$1,444,452 $1,220,135
$1,639,647 $1,442,624
35
VILLAGE OF DEERFIELD, ILLINOIS
GENERAL FUND
STATEMENT OF REVENUES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Taxes
Property Taxes - General - Current - (Net)
Property Taxes - Prior
Sales Tax
Income Tax
Licenses and Permits
Beer/Liquor Licenses
Food Licenses
Other Business Licenses
Building Permits
Animal Licenses
Non -Business Licenses and Permits
Intergovernmental
State Grants
Charges for Services
Special Police Services
Transfer Charges
Engineering Charges
Fines and Forfeits
Miscellaneous
False Alarms
Sale of Materials
Rental
Interest
Miscellaneous
Budget Actual
$ 420,000 $ 420,000
511
1,300,000 1,302,936
350,000 326,542
$2,070,000 $2,049,989
$
25,000
$
25,425
2,500
3,283
9,000
9,249
35,000
67,985
7,000
6,271
25,000
13,776
$
103,500
$
125,989
$
10,000
$
6,973
$
42,000
$
39,333
36,000
36,000
8,000
9,214
$
86,000
$
84,547
$ 115,000 $ 137,517
$ 10,700
$ 1,000
2,661
8,000
7,284
100,000
148,231
30,000
28,118
$ 139,000
$ 196,994
S2.523.500 $2.602,009
36 1
VILLAGE OF DEERFIELD, ILLINOIS
GENERAL FUND
STATEMENT OF. EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
General Government
Administration Department
Salaries
Overtime
Part -Time
Employee Benefits
Professional Services
Travel, Training and Dues
Printing and Advertising
Communications
Insurance
Contractual Services
Utility Services
Motor Vehicle Maintenance
Repairs and Maintenance
Equipment Rental
Miscellaneous
Supplies
Motor Vehicle Supplies
Dog Pound
Housing Assistance
Apparel
Equipment
Land Acquisition
Advisory Boards
Motor Vehicles
Budget
$462,100
4,200
44,500
32,000
82,500
11,000
8,500
15,000
20,000
63,500
5,000
3,500
18,000
500
20,000
20,000
2,500
4,000
15,000
300
7,000
76,500
5,000
$920,600
Actual
$455,658
4,616
34,304
28,923
79,431
11,554
13,239
9,673
10,484
47,595
801
3,208
18,159
110
3,075
21,978
1,742
3,400
10,885
219
12,867
75,508
4,718
4,100
$856,247
1
37
r
VILLAGE OF DEERFIELD, ILLIN01S
GENERAL FUND
STATEMENT OF EXPENDITURES - BUDGET
AND ACTUAL
FOR THE YEAR ENDED APRIL 30,
1983
Budget
Actual
Public Safety
Police Department
Administrative Service
Salaries
$214,100
$215,039
Overtime
5,300
5,588
Part -Time
33,500
20,481
Employee Benefits
17,200
12,448
Professional Services
3,500
1,010
Travel, Training and Dues
4,500
3,792
Printing and Advertising
9,500
2,175
Communications
15,500
13,122
Insurance -
55,000
36,085
Contractual Services
45,000
13,083
Motor Vehicle Maintenance
500
838
Repairs and Maintenance
1,500
3,894
Supplies
8,500
9,247
Motor Vehicle Supplies
1,000
954
Apparel
2,500
1,952
Equipment
17,000
26,269
Miscellaneous
5,500
7,405
Advisory Boards
3,475
$439,600
$376,857
Investigations
Salaries
$ 86,900
$ 86,539
Overtime
11,700
9,136
Employee Benefits
5,400
5,116
Travel, Training and Dues
2,000
218
Contractual Services
10,000
9,744
Motor Vehicle Maintenance
1,500
1,036
Repairs and Maintenance
500
196
t,
Supplies
3,500
2,295
Motor Vehicle Supplies
2,000
1,219
Apparel
1,000
815
Equipment
1,000
957
Motor Vehicles
8,000
5,950
$133,500
$123,221
Patrol
Salaries
$687,900
$647,906
Overtime
35,000
30,590
,..
Part -Time
37,600
29,437
Employee Benefits
44,000
37,007
Travel, Training and Dues
22,500
10,816
Motor Vehicle Maintenance
20,500
10,008
1,509
Repairs and Maintenance
1,500
O
VILLAGE. OF DEERFIELD, ILLINOIS
GENERAL FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget
Actual
Public Safety (Cont.)
Police Department (Cont.)
Patrol (Cont.)
Supplies
$ 4,500
$ 3,327
Motor Vehicle Supplies
29,000
20,068
Apparel
11,000
10,824
Equipment
6,000
6,675
Motor Vehicles
18,000
16,353
$917,500
$824,520
Community Services
Salaries
$ 32,900
$ 31,970
Overtime
1,100
749
Employee Benefits
1,100
1,713
Travel, Training and Dues
500
1,021
Motor Vehicle Maintenance
500
494
Supplies
500
406
Motor Vehicle Supplies
500
286
Apparel
500
306
$ 37,600
$ 36,945
Special Services
Salaries
$ 46,600
$ 38,640
Youth Services
Salaries
$ 81,600
$ 81,415
Overtime
8,500
4,955
Employee Benefits
6,500
4,112
Travel, Training and Dues
1,000
644
Motor Vehicle Maintenance
2,000
812
Repairs and Maintenance
500
Supplies
500
17
Motor Vehicle Supplies
2,500
1,278
Apparel
1,000
705
Equipment
500
241
$104,600
$ 94,179
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
GENERAL FUND
STATEMENT OF EXPENDITURES — BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget
Actual
Public Safety (Cont.)
Police Department (Cont.)
Bicycle Safety Program
Salaries
$ 11,500
$ 9,234
Printing and Advertising
500
400
Repairs and Maintenance
500
138
Apparel
500
148
Benefits
400
285
Motor Vehicles
500
$ 13,900
$ 10,205
$1,693,300 $1,504,567
cq All onn 1111) qAn RILL
39
1
11
I
1
fl
SPECIAL REVENUE FUNDS
40
�
2
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
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VILLAGE OF DEERFIELD, ILLIN01S
MUNICIPAL AUDIT FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Revenues
Property Taxes - Current - (Net)
Property Taxes - Prior
Expenditures
Contractual
Excess of Revenues over Expenditures
Fund Balance
May 1, 1982
April 30, 1983
See accompanying Notes to the Financial Statements.
Budget
$10,500
$10,500
42
Actual
$10,500
(67)
$10,433
10,500 10,000
$ 433
16,577
$17,010
43
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, 1983
Budget Actual
Revenues
Property Taxes - Current - (Net) $5,000 $ 5,000
Property Taxes - Prior 16
$5,000 $ 5,016
Expenditures
Travel, Training and Dues
$ 600
$ 551
Communications
400
352
Insurance
700
370
Contractual
76
Utility Services
100
42
Motor Vehicle Maintenance
1,000
221
Motor Vehicle Supplies
200
75
Repairs and Maintenance
500
340
Supplies
300
962
Equipment
1,000
1,282
Housing Fees
200
$5,000
$ 4,271
Excess of Revenues over Expenditures
-
$ 745
Fund Balance
May 1, 1982
15,101
April 30, 1983 $15,846
See accompanying Notes to the Financial Statements.
44
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, 1983
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 (Uses)
Other Financing Sources (Uses)
Operating Transfers In (Out)
Excess of Revenues over Expenditures
Fund Balance
May 1, 1982
April 30, 1983
See accompanying Notes to the Financial Statements.
Budget Actual
$14,200 $12,459
$ 4,000
170
350
$ 644
600
391
1,200
3,433
2,500
1,587
180
6,500
6,497
2,000
1,955
200
34
240
537
76
$17,940
$15,154
$(3,740) $(2,695)
4,000
$ 260
4,000
$ 1,305
3,374
$ 4,679
45
VILLAGE OF DEERFIELD, ILLINOIS
LIBRARY FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Revenues
Property Taxes - Current - (Net)
Property Taxes - Prior
Non -Resident Fees
Fees, Fines, Penalties
Gifts
Reciprocal Borrowing
Xerox
Interest
Monies Allocated
Grants
Expenditures (See Page 46)
Excess of Revenues over Expenditures
Fund Balance
May 1, 1982
April 30, 1983
See accompanying Notes to the Financial Statements.
Budget Actual
$579,020
$579,020
788
5,000
7,310
16,000
22,617
6,000
1,647
3,384
20,000
21,502
15,000
16,615
111,723
8,798
$752,743
$661,681
602,743 512,438
$150,000 $149,243
648,934
$798,177
1
i
1
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1
1
1
1
1
1
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1
VILLAGE OF DEERFIELD, ILLINOIS
LIBRARY FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30. 1983
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
Budget Actual
$129,757
$129,513
191,716
181,382
10,000
8,838
7,000
1,188
5,000
4,301
6,700
5,591
10,000
4,567
14,000
10,548
545
435
45,000
21,216
2,000
919
17,120
13,115
80,000
70,286
17,000
16,193
11,000
5,355
2,000
770
1,500
1,475
5,000
1,420
22,000
15,130
2,005
1,195
5,000
18,000
18,128
400
873
$602,743 $512,438
46
47 t
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, 1983
Revenues
Property Taxes - Current - (Net)
Property Taxes - Prior
Interest
Vehicle Licenses
Motor Fuel Tax
State Highway Maintenance
50/50 Sidewalk and Curb
Miscellaneous
Train Station Maintenance
Expenditures - Public Works (Page 48-52)
Administration
Cleaning
Traffic Marking
Pavement Patching
Tarring Cracks
Drainage Structure
Street Lights and Traffic Signals
Miscellaneous Maintenance
Snow and Ice Control
Weed Control
Leaf Removal
Tree Removal
Tree Planting
Railroad Station Maintenance
Excess of Revenues over Expenditures before
Other Financing Sources (Uses)
Other Financing Sources (Uses)
Operating Transfers in (Out)
Parking Lot Fund
General Fund
Excess (Deficiency) of Revenues and Other Sources
over Expenditures and Other Uses
Fund Balance
May 1, 1982
April 30, 1983
See accompanying Notes to the Financial Statements.
Budget
$160,000
4,000
6,000
245,000
117,000
13,000
8,800
6,000
1,500
$561,300
$ 70,340
19,970
28,230
72,780
59,870
11,550
56,570
47,750
108,740
12,780
16,530
22,040
11,900
20,850
$559 ,900
$ 1,400
$ 20,000
(33,000)
$03,000)
$01 ,600)
Actual
$160,000
7,308
10,029
253,013
117,000
10,276
9,309
4,497
$571,432
$ 63,456
23,279
25,564
88,128
63,458
17,104
77,456
49,433
75,077
6,956
21,270
16,342
5,193
13,825
$546,541
$ 24,891
$ 15,000
(33,000)
$(18,000)
$ 6,891
208,804
$215,695
1
it
I,
Lj
' 48
VILLAGE OF DEERFIELD, ILLINOIS
STREET AND BRIDGE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget
Actual
Public Works
Administration
Salaries
$26,200
$29,840
'
Overtime
340
Employee Benefits
1,300
1,996
Professional Services
Travel, Training and Dues
200
800
14
796
Printing and Advertising
4,400
3,716
Communications
2,600
1,631
Insurance
27,500
16,583
Motor Vehicle Maintenance
2,000
1,366
Miscellaneous
1,000
2,649
Supplies
1,500
2,533
Motor Vehicle Supplies
900
1,230
Apparel
1,100
856
Repairs and Maintenance
500
246
$70,340
$63,456
Cleaning
Salaries
$ 9,250
$ 9,731
Overtime
120
(62)
Employee Benefits
800
556
Small Tools and Equipment
300
269
Contractual Services
500
923
Motor Vehicle Maintenance
3,000
3,360
Repairs and Maintenance
3,000
6,163
'
Equipment Rental
500
Motor Vehicle Supplies
1,500
1,768
Supplies
1,000
571
$19,970
$23,279
Traffic Marking
Salaries
$11,410
$ 8,741
Overtime
280
230
Part -Time
2,040
2,036
Employee Benefits
800
492
Motor Vehicle Maintenance
1,000
1,086
Repairs and Maintenance
600
741
Motor Vehicle Supplies
600
219
Materials
5,000
5,412
Street Signs
6,500
6,607
$28,230
$25,564
VILLAGE OF DEERFIELD, ILLINOIS
STREET AND BRIDGE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30. 1983
Public Works (Cont.)
Pavement Patching
Salaries
Overtime
Employee Benefits
Motor Vehicle Maintenance
Repairs and Maintenance
Supplies
Motor Vehicle Supplies
Aggregates
Materials
Tarring Cracks
Salaries
Overtime
Part -Time
Employee Benefits
Motor Vehicle Maintenance
Repairs and Maintenance
Motor Vehicle Supplies
Aggregates
Materials
Equipment Rental
Equipment
Drainage Structures
Salaries
Overtime
Employee Benefits
Motor Vehicle Maintenance
Repairs and Maintenance
Motor Vehicle Supplies
Aggregates
Materials
Street Lights and Traffic Signals
Salaries
Overtime
Employee Benefits
Budget Actual
$26,110
$39,267
1,600
630
1,970
2,750
5,000
5,573
5,500
7,930
600
644
2,000
2,817
28,000
26,053
2,000
2,464
$72,780
$88,128
$14,290
$13,024
890
278
2,000
2,000
1,190
787
1,000
1,729
800
1,773
700
2,407
500
515
20,000
22,747
2,500
2,198
16,000
16,000
$59,870
$63,458
$ 4,620
$ 6,437
530
878
400
328
1,200
2,340
1,500
2,312
300
404
1,000
871
2,000
3,534
$11,550
$17,104
$ 5,030 $ 4,379
800 355
400 327
49
1
50
' VILLAGE OF DEERFIELD, ILLIN01S
STREET AND BRIDGE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
[I
LA
Budget Actual
Public Works (Cont.)
Street Lights and Traffic Signals (Cont.)
Contractual Services $ 8,000 $17,691
' Utility Services 30,740 45,238
Motor Vehicle Maintenance 1,000 2,908
Repairs and Maintenance 600 1,178
Equipment Rental
1,000
Motor Vehicle Supplies
700
964
Aggregates
300
209
Materials
8,000
4,207
$
56,570
$77,456
Miscellaneous Maintenance
Salaries
$
5,030
$ 5,654
Overtime
470
657
Employee Benefits
400
345
Contractual Services
25,700
28,606
Motor Vehicle Maintenance
850
604
Repairs and Maintenance
2,500
2,589
Small Tools and Equipment
300
284
Miscellaneous
500
748
'
Motor Vehicle Supplies
500
297
Aggregates
1,000
379
Materials
8,500
9,270
Equipment Rental
2,000
$
47,750
$49,433
Snow and Ice Control
Salaries
$
25,460
$ 5,648
Overtime
8,050
8,442
Employee Benefits
1,580
622
Communications
650
56
Motor Vehicle Maintenance
6,400
1,521
Repairs and Maintenance
11,000
10,912
'
Equipment Rental
1,000
Supplies
2,000
844
Motor Vehicle Supplies
6,000
9,023
Salt
25,000
21,797
Aggregates
6,000
3,000
Materials
2,000
727
Equipment
4,600
4,417.
Motor Vehicles
9,000
8,068
$108,740
$75,077
-IJ
- � [ Z� `�1
<< r
51
VILLAGE OF DEERFIELD, ILLINOIS
STREET AND BRIDGE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget
Actual
Public Works (Cont.)
Weed Control
Salaries
$ 5,030
$ 850
Overtime
120
Part -Time
2,030
2,026
Employee Benefits
400
113
Motor Vehicle Maintenance
1,000
206
Repairs and Maintenance
1,500
2,434
Motor Vehicle Supplies
700
370
Materials
2,000
957
$12,780
$ 6,956
Leaf Removal
Salaries $ 5,030 $ 8,153
Overtime 800 933
Employee Benefits 400 568
Motor Vehicle Maintenance 1,000 1,303
Repairs and Maintenance 2,500 4,449
Motor Vehicle Supplies 300 848
Equipment 6,500 5,016
$16,530 $21,270
Tree Removal
Salaries
$ 4,620
$ 2,492
Overtime
570
28
Part -Time
3,400
3,400
Employee Benefits
400
183
Contractual Services
9,000
9,169
Motor Vehicle Maintenance
450
428
Repairs and Maintenance
500
223
Motor Vehicle Supplies
400
Materials
2,200
419
Equipment Rental
500
$22,040
$16,342
Tree Planting
Salaries
$ 5,030
$ 1,633
Overtime
320
44
Employee Benefits
400
128
Contractual Services
4,200
2,102
Motor'Vehicle Maintenance
450
427
Repairs and Maintenance
300
68
Motor Vehicle Supplies
700
416
Materials
500
375
$11,900
$ 5,193
1
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VILLAGE OF DEERFIELD, ILLINOIS
STREET AND BRIDGE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30. 1983
Budget
Actual
Public Works (Cont.)
Railroad Station Maintenance
Salaries
$ 4,620
$ 4,168
Overtime
700
232
Part -Time
2,030
2,029
Employee Benefits
400
270
Repairs and Maintenance
2,000
695
Supplies
1,500
577
Materials
400
805
Contractual
6,500
5,049
Utility Service
2,200
Aggregates
500
$20,850
$13,825
52
53
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, 1983
Revenues
Property Taxes - Current - (Net)
Property Taxes - Prior
Replacement Taxes
Expenditures
Illinois Municipal Retirement
Excess (Deficiency) of Revenues
over Expenditures
Fund Balance
May 1, 1982
April 30, 1983
See accompanying Notes to the Financial Statements.
Budget
$225,000
8,000
233,000
Actual
$225,000
287
13,699
238,986
236,000 215,444
$ (3,000) $ 23,542
198,669
$222,211
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
PUBLIC BENEFIT FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30. 1983
Budget Actual
Revenues
54
Property Taxes - Current - (Net)
$10,000
$10,000
Property Taxes - Prior
32
Interest
20,000
3,540
$30,000
$13,572
Expenditures
Contractual
14,000
13,064
Excess of Revenues over Expenditures $16,000 $ 508
Fund Balance
May 1, 1982 80,319
April 30, 1983 $80,827
See accompanying Notes to the Financial Statements.
55
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. 1983
Revenues
Entitlements
Interest
Expenditures
Police Building Abatement
Excess of Revenues over Expenditures
before Other Financing Sources (Uses)
Other Financing (Uses)
Operating Transfer (Out)
Debt Service Fund
Excess of Revenues and Other Sources
over Expenditures and Other Uses
Fund Balance
May 1, 1982
April 30, 1983
See accompanying Notes to the Financial Statements.
Budget
$ 92,000
10,000
$102,000
Actual
$ 82,671
18,943
$101,614
$102,000 $101,614
(43,115)
$ 58,885
(43,115)
$ 58,499
117,567
$176,066
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
56
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. 1983
Budget
Actual
Revenues
Allotments Earned $220,000
$219,902
Interest 25,000
30,840
Other 7,000
26,640
$252,000 $277,382
Expenditures
Street Maintenance $117,000 $207,207
Street Resurfacing and Renovation Program 91,600 50,187
Reconstruction Wilmont Road - Lake Cook to Deerfield 12,600 69,789
Other 19,613
$221,200 $346,796
Excess (Deficiency) of Revenues
over Expenditures $ 30,800 $(69,414)
Fund Balance
May 1, 1982 340,232
April 30, 1983 $270,818
See accompanying Notes to the Financial Statements.
1
1
1
DEBT SERVICE FUNDS
11
57
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
APRIL 30, 1983
ASSETS
Cash and Investments
Receivables
Property Taxes - Current - (Net)
Accrued Interest
Due from Other Funds (Note 30
Total Assets
LIABILITIES AND FUND BALANCES
Liabilities
Principal Payable
Interest Payable
Due to Other Funds (Note 3C)
Total Liabilities
Fund Balances (Page 58)
Total Liabilities and Fund Balances
See accompanying Notes to the Financial Statements.
1983 1982
$316,126 $329,431
351,107
285,084
1,667
3,366
186,339
134,455
$855,239
$752,336
$345,000 $348,280
276,259
205,272
$621,259
$553,552
233,980
198,784
$855,239
$752,336
58
1
VILLAGE OF DEERFIELD, ILLINOIS
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
1983
1982
Budget
Actual
Actual
Revenues
Taxes
Property Taxes - Current - (Net)
$369,050
$
367,377
$303,819
Property Taxes - Prior
(71)
8,364
Replacement Tax
60,000
33,979
51,784
Miscellaneous
Interest
30,000
36,894
32,224
Other
33
Total Revenues
$459,050
$
438,179
$396,224
Expenditures
Sewer Improvement Bonds
Principal
$
75,000
$ 75,000
Interest
32,000
35,412
Sewer Treatment Facility Bonds
Principal
125,000
125,000
Interest
60,000
65,687
Land Acquisition Bonds
Principal
125,000
125,000
Interest
12,050
18,987
Corporate Purpose Bond Series 1982-A
Interest
39,250
Corporate Purpose Bond Series 1982
Interest
53,769
Police Addition Contract
Principal
20,000
20,000
Interest
23,115
24,455
Yous Contract
3,280
3,280
Other
1,403
1,490
Total Expenditures
$474,165
$
569,867
$494,311
Excess (Deficiency) of Revenues over Expenditures
before Other Financing Sources
$(15,115)
$0 31,688)
$(98,087)
Other Financing Sources (Uses)
Operating Transfers In (Out)
Sewerage Treatment Facilities Fund
$ 70,000
$
70,000
$ 85,000
Federal Revenue Sharing Fund
43,115
43,115
44,455
Tax Incremental Finance District
53,769
$113,115
$
166,884
$129,455
Excess (Deficiency) of Revenues and Other
Sources over Expenditures and Other Uses
$ 98,000
$
35,196
$ 31,368
Fund Balance
May 1
April 30 (Page 57)
See accompanying Notes to the Financial Statements.
1
1
1
11
198,784 167,416
$ 233,980 $198,784 ,
1
1
CAPITAL PROJECTS FUNDS
1
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63
VIUAGE OF DEERFIEID, ILLINOIS
'
ENIEWRISE FUNDS
.
COMBINING BAIAN(E SBM
1
APRIL 30, 1983
'
Oxmter
Parking
Totals
Water Sewerage
Refuse
Lot
1983
1982
'
ASSETS
Current Assets
Cash and Investments
$ 257,921 $ 376,247
$ 14,720
$ 43,408
$ 692,2%
$ 700,788
Receivables
Accounts
160,284 109,342
84,009
353,635
384,478
Property Taxes
312,133
312,133
279,587
'
Accrued Interest
1,189
1,189
11,423
Other
5,945 11,789
17,734
22,544
Due from Other Funds (Note 30
749
749
749
Inventory
48,940
48,940
40,937
$1,440,506
$ 473,090 $ 498,567
$411,611
$ 43,408
$1,426,676
Restricted Assets
Cash and Investments
$
88,708
$ 87,016
-
-
$ 175,724
$ 240,573
'
Fixed Assets - Net
$
465,969
$5,410,813
-
$569,899
$6,446,681
$6,429,937
Total Assets
$1,027,767
$5,996,396
$411,611
$613,307
$8,049,081
$8,111,016
DQT=
LIABILITIES AND FUND
Current Liabilities
Accounts Payable
$
49,289
$ 34,071
$ 61,926
$ 7,838
$ 153,124
$ 154,921
Due to Other Finds (Note 30
1,968
3,094
5,062
5,229
Other Payables
2,125
1,470
1,167
4,762
7,919
$
53,382
$ 38,635
$ 61,926
$ 9,005
$ 162,948
$ 168,069
Long -Term Liabilities
Bonds Payable
245,000
245,000
275,000
Total Liabilities
$
298,382
$ 38,635
$ 61,926
$ 9,005
$ 407,948
$ 443,069
1
Fund Equity
Contributed Capital
$5,616,761
$626,240
$6,243,001
$6,243,001
Retained Earnings
Reserved
$
88,708
$ 87,016
$ 175,724
$ 168,122
Unreserved (Page 64)
640,677
253,984
$349,685
$(21,938)
1,222,408
1,256,824
Total Retained Earnings
$
729,385
$ 341,000
$349,685
$(21,938)
$1,398,132
$1,424,946
'
Total Find Equity
$
729,385
$5,957,761
$349,685
$604,302
$7,641,133
$7,667,947
Total Liabilties and Fund Equity $1,027,767
$5,9%,396
$411,611
$613,307
$8,049,081
$8,111,016
See accompanying Notes to the Financial
Statements.
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65
66
VILLAGE OF DEERFIELD, ILLINOIS
BALANCE SHEET
APRIL 30, 1983
1983
1982
ASSETS
Current Assets
Cash and Investments
$
257,921
$
177,257
Receivables
Accounts - Billed
41,963
45,379
- Unbilled
118,321
131,663
Inventory
48,940
40,937
Other
5,945
10,755
$
473,090
$
405,991
Restricted Assets
Cash and Investments
$
88,708
$
88,708
Fixed Assets (Page 70)
Cost
$
922,816
$
828,139
Accumulated Depreciation
456,847
420,036
$
465,969
$
408,103
Total Assets
$1,027,767
$
902,802
LIABILITIES AND FUND EQUITY
Current Liabilities
$
49,289
$
57,520
Accounts Payable
Other Payables
2,125
Due to Other Funds (Note 30
1,968
969
$
53,382
$
58,489
Long -Term Liabilities
Bonds Payable
245,000
$
275,000
Total Liabilities
$
298,382
$
333,489
Fund Equity
Retained Earnings
Unreserved (Page 67)
$
640,677
$
480,605
Reserved
88,708
88,708
Total Retained Earnings
$
729,385
$
569,313
Total Liabilities and Fund Equity
$1,027,767
$
902,802
See accompanying Notes to the Financial Statements.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
VILLAGE OF DEERFIELD, ILLINOIS
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - UNRESERVED - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Operating Revenues
Charges for Services
Water Sales
Permits and Fees
Penalties
Miscellaneous
Operating Expenses Excluding
Depreciation (Page 68-69)
Administration
Distribution
Maintenance - Mains and Fire Hydrants
Maintenance - Meters
Net Operating Income (Loss)
Before Depreciation
Depreciation
Net Operating Income (Loss)
Nonoperating Revenue (Expenses)
Interest Earned
Interest Expense - Revenue Bonds
Net Income (Loss)
Retained Earnings - Unreserved
May 1
Prior Period Adjustment (Note 3.D.4)
Adjusted Balances
April 30 (Page 66)
67
1983
1982
Budget
Actual
Actual
$960,000
$896,243
$832,670
9,000
18,867
9,164
11,000
11,192
11,394
500
24
423
$980,500
$926,326
$853,651
$117,570
$ 75,482
$ 74,646
561,100
536,335
499,177
244,550
90,686
100,679
59,960
42,124
47,701
$983,180
$744,627
$722,203
$ (2,680)
$181,699
$131,448
37,744
30,865
$ (2,680)
$143,955
$100,583
$ 15,000
$ 25,579
$ 31,619
(12,038)
(16,000)
$ 15,000
$ 13,541
$ 15,619
$ 12,320
$157,496
$116,202
See accompanying Notes to the Financial Statements.
$480,605 $364,403
2,576
$483,181 $364,403
$640,677 $480,605
68 ,
VILLAGE OF DEERFIELD, ILLINOIS
WATER FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget
Actual
Administration
Salaries
$ 39,920
$ 46,036
Employee Benefits
2,100
3,076
Professional Services
200
Travel, Training and Dues
300
267
Printing and Advertising
700
Communications
1,000
1,236
Insurance
15,000
7,300
Motor Vehicle Maintenance
1,200
1,584
Miscellaneous
300
1,221
Supplies
500
597
Motor Vehicle Supplies
600
1,608
Occupancy
12,000
12,000
Apparel
750
557
Bond Principal
30,000
30,000
Bond Interest
13,000
12,038
$117,570
$117,520
Less Bond Principal and Interest
42,038
$117,570
$ 75,482
Operations
Distribution
Salaries
$ 7,600
$ 8,366
Overtime.
0
1,021
Employee Benefits
5 0
7
Professional Services
1,300
984
Communications
800
43
Contractual Services
6,600
4,257
Utility Serices
35,270
43,850
Motor Vehicle Maintenance
1,200
1,809
Repairs and Maintenance
3,000
1,400
Miscellaneous
1$00
249
Purchase of Water
500,000
471,660
Supplies
500
125
Motor Vehicle Supplies
600
145
Chlorine
400
326
Materials
1,200
1,528
$561,100
$536,335
Main and Fire Hydrant Maintenance
Salaries
$ 44,600
$ 39$22
Overtime
10,000
6,838
Part -Time
3,630
2,931
Employee Benefits
3$420
2,738
00
100
69
VILLAGE OF DEERFIELD, ILLINOIS
WATER FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND
ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget
Actual
Operations (Cont.)
Main and Fire Hydrant Maintenance (Cont.)
Contractual Services
$ 9,100
$ 6,353
'
Motor Vehicle Maintenance
3,000
5,123
Repairs and Maintenance
10,500
7,826
Equipment Rental
1,000
Miscellaneous
400
Motor Vehicle Supplies
1,800
3,330
Small Tools and Equipment
300
367
'
Aggregates
6,000
1,565
Materials
16,200
14,293
Equipment
1,000
690
Motor Vehicles
23,500
21,607
'
Improvements - Not Buildings
110,000
73,311
$244,550
$186,294
'
Less Amount Capitalized
$244,550
95,608
$ 90,686
Meter Maintenance
'
Salaries
$ 28,680
$ 25,765
Overtime
630
449
Part -Time
680
666
Employee Benefits
2,370
1,633
'
Professional
1,500
220
Travel, Training and Dues
300
10
Printing and Advertising
1,000
Communications
100
Contractual
1,500
Motor Vehicle Maintenance
2,000
2,908
Repairs and Maintenance
1,400
49
Miscellaneous
300
4
Supplies
300
261
'
Motor Vehicle Supplies
Materials
900
3,000
1,591
914
Small Tools and Equipment
300
240
Equipment
15,000
7,414
$ 59,960
$ 42,124
Total
$983,180
$744,627
70
VILLAGE OF DEERFIELD, ILLINOIS
WATER FUND
STATEMENT OF FIXED ASSETS AND DEPRECIATION
Water System
Equipment and Automotive
Water System
Equipment and Automotive
FOR THE YEAR ENDED APRIL 30, 1983
Assets
Balances
Balances
May 1, 1982
Additions
Deletions
April 30, 1983
$711,904
$73,311
$785,215
116,235
25,082
$3,716
137,601
$828,139
$98,393
$3,716
$922,816
Accumulated Depreciation
Balances Balances
May 1, 1982 Provisions Deletions April 30, 1983
$386,397 $19,630 $406,027
33,639 18,113 $ 932 50,820
$420,036 $37,743 $ 932 $456,847
Net Asset Value $465,969
71
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VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE FUND
BALANCE SHEET
APRIL 30, 1983
ASSETS
Current Assets
Cash and Investments
Receivables
Accounts - Billed
- Unbilled
Accrued Interest
Other
Restricted Assets
Cash and Investments
Fixed Assets (Page 76)
Cost Accumulated Depreciation
Total Assets
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable
Other Payables
Due to Other Funds (Note 30
Total Liabilities
Fund Equity
Contributed Capital
Retained Earnings
Unreserved (Page 72)
Reserved (Page 73)
Total Retained Earnings
Total Fund Equity
Total Liabilities and Fund Equity
See accompanying Notes to the Financial Statements.
1983 1982
$ 269,096 $ 467,429
11,436
26,957
97,906
93,637
1,189
11,423
11,789
11,789
$ 391,416
$ 611,235
$ 194,167 $ 151,865
$6,039,736 ,$5,861,821
628,923 440,537
$5,410,813 $5,421,284
$5,996,396 $6,184,384
$ 34,071
$ 31,935
1,470
1,238
3,094
4,260
$ 38,635
$ 37,433
$5,616,761 $5,616,761
$ 253,984
87,016
$ 341,000
$5,957,761
CS OOA qGA
$ 450,776
79,414
530,190
$6,146,951
$6,184,384
72 ,
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, 1983 ,
Operating Revenues
Charges for Services
Sewer Charges
Permits and Fees
Penalties
Construction Surcharges
Sara Lee Surcharges
Miscellaneous
Operating Expenses Excluding
Depreciation (Page 74-75)
Administration
Operations
Treatment Plant
Cleaning and Maintenance
Construction Department
Net Operating Income (Loss) Before Depreciation
Depreciation
Net Operating Income (Loss)
Nonoperating Revenues (Expenses)
Interest Earned
Net Income (Loss)
Retained Earnings - Unreserved
May 1
Prior Period Adjustments (Note 3.D.4)
Adjusted Balances
Intrafund Transfers In (Out) - Retained
Earnings - Reserved
April 30 (Page 71)
1983
Budget
Actual
1982 ,
Actual
$ 625,000 $ 506,695 $ 532,258
22,000
31,445
20,140
7,000
7,112
6,913
25,000
42,302
37,111
37,126
32,776
1,500
17,042
8,894
$ 680,500
$ 641,722
$ 638,092
$ 85,350 $ 87,273 $ 79,773
531,800 420,467 70,216
157,620 98,549 342,970
102,310 95,599 81,122
$ 877,080 $ 701,888 $ 574,081
$0 96,580) $ (60,166) $ 64,011
188,386 •171,138
$(196,580) $(248,552) $(107,127)
60,000 60,111 82,058
1(136,580) $ 0 88,441) $ (25,069)
See accompanying Notes to the Financial Statements.
$ 450,776 $ 511,806
(749) 1,150
$ 450,027 $ 512,956
(7,602) (37,111)
$ 442,425 $ 475,845
$ 253,984 $ 450,776
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE FUND
STATEMENT OF CHANGES IN RETAINED EARNINGS — RESERVED
FOR THE YEAR ENDED APRIL 30, 1983
Increases
Transfer of Construction Surcharge
Decreases
Net Increase
Account Balance
May 1, 1982
April 30, 1983 (Page 71)
See accompanying Notes to the Financial Statements.
$ 42,302
(34,700)
$ 7,602
79,414
$ 87,016
73
74
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
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
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 Actual
$ 39,920
$ 45,946
630
2,100
3,075
200
1,573
200
8
100
1,000
1,268
25,000
19,505
900
304
500
808
700
792
400
1,000
650
247
12,000
12,000
1,050
747
$ 85,350
$ 87,273
$185,150 $170,521
6,250
8,320
3,630
3,306
13,450
11,467
2,500
826
900
868
1,000
2,500
624
12,500
13,195
97,670
135,575
3,000
5,044
26,100
41,078
1,000
1,279
4,000
6,293
1,500
5,561
5,500
3,694
3,000
3,346
4,000
6,912
300
500
220
1,400
948
4,000
1,390
8,950
10,024
9,000
8,068
54,000
117,055
80,000
$531,800
$555,614
135,147
00
$420,467
75
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE FUND
' STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget Actual
' Operations (font.)
Cleaning and Maintenance
Salaries $ 38,640 $ 44,497
Overtime
3,700
5,590
'
Part -Time
1,820
1,512
Employee Benefits
3,160
2,813
Contractual Services
8,000
9,539
'
Motor Vehicle Maintenance
4,000
3,030
Repairs and Maintenance
5,000
2,053
Equipment Rental
1,000
165
'
Miscellaneous
2,000
1,381
Supplies
8,000
6,967
Motor Vehicle Supplies
1,500
2,035
Aggregates
1,000
538
'
Materials
5,000
17,717
Motor Vehicles
9,000
8,068
Equipment
Small Tools and Equipment
1,500
300
466
246
-
Improvements Not Building
64,000
34,700
$157,620 $141,317
' Less Amount Capitalized 42,768
$157,620 $ 98,549
Construction
'
Salaries
$ 59,820
$ 49,278
Overtime
1,240
907
Part -Time
600
600
Employee Benefits
4,750
3,358
Contractual Services
5,000
8,265
Motor Vehicle Maintenance
5,500
5,690
Repairs and Maintenance
7,500
5,609
Equipment Rental
1,000
Supplies
1,000
751
Motor Vehicle Supplies
1,700
3,305
'
Aggregates
4,000
2,094
Materials
10,000
15,742
Small Tools and Equipment
200
$102,310
$ 95,599
Total
$877,080
$701,888
76
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE FUND
STATEMENT OF FIXED ASSETS AND DEPRECIATION
FOR THE YEAR ENDED APRIL 30, 1983
Sewer System and Plant
Equipment and Automotive
Sewer System and Plant
Equipment and Automotive
Assets
Balances Balances
May 1, 1982 Additions Deletions April 30, 1983
$5,742,761 $161,779 $5,904,540
119,060 16,136 135,196
$5,861,821 $177,915 - $6,039,736
Accumulated Depreciation
Balances Balances
May 1, 1982 Provisions Deletions April 30, 1983
$ 422,388
$165,921
18,149
22,465
$ 440,537
$188,386
$ 588,309
40,614
$ 628,923
Net Asset Value $5,410,813
77
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VILLAGE OF DEERFIELD, ILLINOIS
BALANCE SHEET
APRIL 30, 1983
1983 1982
ASSETS
Current Assets
Cash and Investments $ 14,720 $ 29,879
Receivables
Accounts - Billed 18,672 20,802
- Unbilled 65,337 66,040
Property Taxes - Current - (Net) 312,133 279,587
Due from Other Funds (Note 30 749 749
Total Assets $4119611 $397,057
LIABILITIES AND FUND EQUITY
Current Liabilities
Account Payable
Fund Equity
Retained Earnings (Page 78)
Total Liabilities and Fund Equity
See accompanying Notes to the Financial Statements.
$ 61,926 $ 57,602
349,685
$411,611
339,455
$397,057
78
VILLAGE OF DEERFIELD, ILLINOIS
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Operating Revenues
Charges for Services
Refuse Billing
Miscellaneous
Operating Expenses
Administration
Intergovernmental Billing
Other
Operations
Contractual Services
Net Operating Income (Loss) before Other
Financing Sources (Uses)
Other Financing Sources (Uses)
Operating Transfers In (Out)
Sewerage Treatment Facilities Fund
Net Operating Income (Loss)
Nonoperating Revenues (Expenses)
Interest Earned
Property Taxes - Current - (Net)
Property Taxes - Prior
Net Income
Retained Earnings
May 1
April 30 (Page 77)
1983
Budget
Actual
1982
Actual
$ 416,500 $ 419,237 $ 417,641
6,478 6,734
$ 416,500 $ 425,715 $ 424,375
$ 12,000 $ 12,000 $ 10,000
6,500 3,614 5,769
713,000 734,786 668,044
$ 731,500 $ 750,400 $ 683,813
$(315,000) $(324,685) $(259,438)
749
$(315,000) $(324,685) $(258,689)
$ 7,000 $ 6,385 $ 6,410
328,000 328,000 298,000
530 8,740
$ 335,000 $ 334,915 $ 313,150
$ 20,000 $ 10,230 $ 54,461
See accompanying Notes to the Financial Statements.
339,455 284,994
$ 349,685 $ 339,455
79
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VILLAGE OF DEERFIELD, ILLINOIS
COMMUTER PARKING LOT FUND
BALANCE SHEET
APRIL 30, 1983
ASSETS
Current Assets
Cash and Investments
Fixed Assets (Page 82)
Cost
Accumulated Depreciation
Total Assets
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable
Other Payables
Total Liabilities
Fund Equity
Contributed Capital
Retained Earnings (Page 80)
Total Fund Equity
Total Liabilities and Fund Equity
See accompanying Notes to the Financial Statements.
1983 1982
$ 43,408 $ 269223
$690,528
$690,528
120,629
89,978
$569,899
$600,550
$613,307
$626,773
$ 7,838 $ 7,864
1,167 6,681
$ 9,005 14,545
$626,240
$626,240
(21,938)
(14,012)
$604,302
$612,228
$613,307
$626,773
ME
VILLAGE OF DEERFIELD, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 303, 1983
Operating Revenues
Parking Lot Revenue
Operating Expenses Excluding
Depreciation (Page 81)
Net Operating Income (Loss) Before
Depreciation
Depreciation
Net Operating Income (Loss) before
Other'Financing Sources (Uses)
Other Financing Sources (Uses)
Operating Transfers In (Out)
Street and Bridge Fund
Net Operating Income (Loss)
Retained Earnings
May 1
Prior Period Adjustments (Note 3.D.4)
Adjusted Balances
April 30 (Page 79)
1983 1982
Budget Actual Actual
$ 53,000 $ 55,000 $ 51,525
23,850 17,275 16,839
$ 29,150 $ 37,725 $ 34,686
30,651 30,651
$ 29,150 $ 7,074 $ 4,035
(15,000) (15,000)
$ 29,150 $ (7,926) $0 0,965)
See accompanying Notes to the Financial Statements.
$ 0 4,012) $ 20,166
(23,213)
$0 4,012) $ (3,047)
$(21,938) $0 4,012)
81
1
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VILLAGE OF DEERFIELD, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30. 1983
Budget
Actual
Operations
Parking Lots - Village and Federal Funds
Salaries
$ 2,000
$ 2,781
Benefits
100
75
Insurance
200
74
Utility Services
2,000
2,418
Repairs and Maintenance
1,700
Supplies
400
Aggregates
600
Equipment
250
Property Rentals
7,500
7,440
$14,750 $12,788
Parking Lot - Village Construction
Salaries
$ 2,000
$ 2,773
Benefits
100
75
Insurance
200
75
Utility Services
1,800
770
Repairs and Maintenance
2,500
Supplies
400
Aggregates
500
Materials
1,500
794
Equipment
100
$ 9,100 $ 4,487
Total $23,850 $17,275
82
Land
Parking Lot
Parking Lot
Net Asset Value
VILLAGE OF DEERFIELD, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF FIXED ASSETS AND DEPRECIATION
FOR THE YEAR ENDED APRIL 30, 1983
Assets
Balances Balances
May 1, 1982 Additions Deletions April 30, 1983
$ 77,500
613,028
$690,528
$ 77,500
613,028
$690,528
Accumulated Depreciation
Balances Balances
May 1, 1982 Provisions Deletions April 30, 1983
$ 89,978
$ 89,978
$30,651
$30,651
$120,629
$120,629
$569,899
INTERNAL SERVICE FUND
I
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VILLAGE OF DEERFIELD, ILLINOIS
GARAGE FUND
BALANCE SHEET
APRIL 30, 1983
ASSETS
Cash and Investments
Due from Other Funds (Note 3C)
Inventory
Total Assets
LIABILITIES AND FUND EQUITY
Liabilities
Accounts Payable
Accrued Payroll
Other Payables
Total Liabilities
Retained Earnings (Page 84)
Total Liabilities and Fund Equity
See accompanying Notes to the Financial Statements.
83
1983 1982
$11,102
$(53,828)
10,937
16,262
21,797
21,797
$43,836
$05,769)
$12,059 $ 5,637
282
166
$12,225
$ 5,919
31,611
(21,688)
$43,836
$05,769)
84
VILLAGE OF DEERFIELD, ILLINOIS
GARAGE FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Operating Revenues
Charges for Services
Billings
Operating Expenses (Page 86)
Operations
Net Operating Income (Loss) before Other
Financing Sources
Other Financing Sources
Operating Transfers In
General Fund
Net Operating Income (Loss)
Retained Earnings
May 1
Prior Period Adjustments
Adjusted Balances
April 30 (Page 83)
1983 1982
Budget Actual Actual
$124,400 $123,100 $120,701
113,560 139,801 120,274
$ 10,840 $0 6,701) $ 427
70,000
$ 10,840 $ 53,299 $ 427
See accompanying Notes to the Financial Statements.
$(21,688) $(22,557)
442
$ 21,688) $(22,115)
$ 31,611 $(21,688)
1
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VILLAGE OF DEERFIELD, ILLINOIS
STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED APRIL 30, 1983
Cash Was Provided By
Increase in Current Liabilities
Decrease in Current Assets
Transfer from General Fund
Cash Was Used To
Fund Operating Loss
Net Increase
Cash and Investments
May 1, 1982
April 30, 1983
See accompanying Notes to the Financial Statements.
$ 6,306
5,325
709000
$ 81,631
16,701
$ 64,930
(53,828)
$ 11,102
85
86
VILLAGE OF DEERFIELD, ILLINOIS
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget
Actual
Operations
Public Works Department
Salaries
$ 48,100
$ 47,206
Overtime
3,670
2,732
Employee Benefits
3,160
3,119
Professional Services
50
Travel, Training and Dues
200
160
Printing and Advertising
250
302
Insurance
3,000
2,188
Miscellaneous
200
(59)
Utility Services
2,000
1,114
Repairs and Maintenance
5,000
10,421
Supplies
43,500
61,322
Motor Vehicle Supplies
800
486
Apparel
330
432
Equipment
3$00
10,271
Communications
107
$113,560
$139,801
FIDUCIARY FUND TYPES
0
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VILLAGE OF DEERFIELD, ILLINOIS
TRUST AND AGENCY FUNDS
EXPENDABLE TRUST FUND
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FOR THE YEAR ENDED APRIL 30, 1983
Revenues
RTA Funding
Village Contribution
Fares
Expenditures
Payments to Nortran
Payments to Village
Taxi Expenditures
Excess (Deficiency) of Revenues
over Expenditures
Village Transfer
Fund Balance
May 1
April 30 (Page 87)
See accompanying Notes to the Financial Statements.
Dial -A -Ride
Fund
1983 1982
$ 8,390
$2,062 16,307
2,683
$2,062 $27,380
$18,213
9,167
$1,926
$1,926 $27,380
$ 136
5,000
$5,136 -
$5,136 -
1
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VILLAGE OF DEERFIELD, ILLINOIS
TRUST AND AGENCY FUND
POLICE PENSION FUND
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Operating Revenues
Employer Contributions
Property Taxes - Current - (Net)
Property Taxes - Prior
Replacement Taxes
Interest
Payroll Deductions
Loss on Sale of Investments
Operating Expenses
Pension Payments
Filing Fee
Net Income
Fund Balance
May 1
April 30 (Page 87)
89
1983
1982
Budget
Actual
Actual
$122,000
$
122,000
$
100,000
112
3,408
8,000
5,012
5,850
$130,000
$
127,124
$
109,258
165,000
212,511
165,442
80,000
53,120
60,228
(53,684)
$375,000
$
392,755
$
281,244
$ 31,000
$
29,403
$
29,733
250
200
$ 31,250
$
29,603
$
29,733
$343,750
$
.363,152
$
251,511
1,913,380
1,661,869
ell
17A 511)
Al
of l Un
See accompanying Notes to the Financial Statements.
VILLAGE OF DEERFIELD, ILLINOIS
TRUST AND AGENCY FUNDS
POLICE PENSION FUND
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
FOR THE YEAR ENDED APRIL 30, 1983
90
Police Pension
Fund
Cash Was Provided By
Operations
Net Income $ 363,152
Increase in Current Liabilities 125
$ 363,277
Cash Was Used To
Increase Current Assets 27,296
Net Increase $ 335,981
Cash and Investments
May 1, 1982 1,756,788
April 30, 1983 $2,092,769
See accompanying Notes to the Financial Statements.
91
i
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
DEPOSIT FUND
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED APRIL 30, 1983
ASSETS
Cash and Investments
LIABILITIES
Deposits Payable
Accounts Payable
Total Liabilities
Balances Balances
May 1, 1982 Net Change April 30, 1983
$23,569 $40,869 $64,438
$22,362 $38,727 $61,089
1,207 2,142 39349
$23,569 $40,869 $64,438
See accompanying Notes to the Financial Statements.
ACCOUNT GROUPS
1
I
1
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L
1-i
GENERAL FIXED ASSETS
ACCOUNT GROUP
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF GENERAL FIXED ASSETS
APRIL 30, 1983
GENERAL FIXED ASSETS
Land $1,718,697
Buildings and Improvements 1,237,500
Vehicles 373,248
Equipment 447,065
Office Furniture and Equipment 258,043
$4,034,553
INVESTMENT IN GENERAL FIXED ASSETS
General Revenues
See accompanying Notes to the Financial Statements.
$4,034,553
92
1
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ACCOUNT GROUP
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95
VILLAGE OF DEERFIELD, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
APRIL 30, 1983
General Fund
Money Market
Deerfield State Bank
Certificate of Deposit
Deerfield State Bank
Cragin Federal Savings and Loan
Time Deposit
Continental
Total General
Library Fund
Savings Account
First National Bank of Deerfield
Repurchase Agreement
First National Bank of Deerfield
Street Fund
Money Market
Deerfield State Bank
Federal Revenue Sharing
Money Market
Deerfield State Bank
Certificate of Deposit
Deerfield State Bank
Motor Fuel Tax Fund
Certificate of Deposit
Northern Trust Company
Total Special Revenue
Debt Service
Certificate of Deposit
First National Bank of Chicago
Cragin Federal Savings and Loan
Total Debt Service
Interest Maturity
Rate Date
$154,142
8.000
5/31/83
175,000
8.375
5/23/83
100,000
8.750
8/2/83
200,000
8.375
5/23/83
150,000
14.750
6/28/83
100,000
9.250
7/29/83
125,000
8.875
8/19/83
140,000
$ 2,058
8.000 5/26/83 200,000
$154,142
8.375 5/16/83
125,000
8.375 5/24/83
$125,000
8.800 6/23/83
115,000
8.750 6/22/83 $150,000
9.050 10/25/83 125,000
$1,144,142
$ 202,058
$ 154,142
$ 279,142
$ 240,000
$ 875,342
$ 275,000
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
APRIL 30, 1983
Capital Project Fund
Money Market
Continental
Recreation Property
Certificate of Deposit
Northern Trust Company
Storm Sewer Fund
Time Deposit
Continental
Total Capital Projects
Water Fund
Money Market
Deerfield State Bank
Sewer Fund
Money Market
Deerfield State Bank
Certificate of Deposit
Cragin Federal Savings and Loan
First National Bank of Deerfield
Refuse Fund
Time Deposit
Continental
Total Enterprise
Interest Maturity
Rate Date
8.400 7/25/83
8.375 5/22/83
8.750 5/13/83
8.500 6/29/83
8.500 6/24/83
W.,
$467,712
$160,000
$185,000
$812,712
$256,904
$181,761
150,000
100,000
$431,761
$125,000
$813,665
VILLAGE OF DEERFIELD, ILLINOIS
COMBINED STATEMENT OF INVESTMENTS
AP RIL 30, 1983
Police Pension
Savings Account
Deerfield Savings and Loan
U.S. Treasury Notes
Deerfield State Bank
U.S. Treasury Bond
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
$2,014,130
$5,934,991
97
1
11
98
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SEWERAGE IMPROVEMENT BONDS OF 1973
APRIL 30. 1983
Date of Issue
June 1, 1973
Date of Maturity
December 1, 1992
Authorized Issue
$1,080,000
Actual Issue
$1,080,000
Denomination of Bonds
$5,000
Interest Rate
4.4%-5.1%
Principal Maturity Date
December 1
Interest Dates
June 1 and December 1
Payable at
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
1981
$ 16,862
$ 16,862
1983
$16,862
77-91
1982
$ 75,000
32,000
107,000
1983
$16,862
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
4,375
1991
2,500
197-206
1990
50,000
3,750
53,750
1991
2,500
1992
1,250
207-216
1991
50,000
1,250
51,250
1992
1,250
$700,000
$178,824
$878,824
$89,412
$89,412
$ 75,000
$ 48,862
$123,862
Current
625,000
129,962
754,962
Long -Term
$700,000
$178,824
$878,824
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SEWERAGE TREATMENT FACILITIES BONDS OF 1973
APRIL 30, 1983
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
1981
$ 31,438
$ 31,438
141-165
1982
$ 125,000
60,000
185,000
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
316-340
1989
125,000
18,125
143,125
341-370
1990
150,000
11,250
161,250
371-400
1991
150,000
3,750
153,750
$1,300,000 $361,376 $1,661,376
99
1
1
1
1
1
1
Coupons Due on
Dec. 1 Amount June 1 Amount '
1983
$ 31,438
1983
$ 31,438
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
$180,688 $180,688
$ 125,000 $ 91,438 $ 216,438 Current
1,175,000 269,938 1,444,938 Long -Term
$1,300,000 $361,376 $1,661,376
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
LAND ACQUISTION BONDS OF 1974
APRIL 30. 1983
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
1981
$ 7,775
$ 7,775
146-170
1982
$125,000
12,050
137,050
171-200
1983
150,000
4,275
154,275
$275,000 $24,100 $299,100
100
Coupons Due on
Dec. 1 Amount June 1 Amount
1983 $ 7,775
1983 $ 7,775 1984 4,275
1984 4,275
$12,050
$125,000 $19,825 $144,825 Current
150,000 4,275 154,275 Long -Term
$215,000 $24,100 $299,100
$12,050
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 BONDS, SERIES 1982
AP RIL 30, 1983
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
101
Tax
Levy
Coupons
Due on
Year
Principal
Interest
Total
June 1
Amount
Dec. 1
Amount
1982
$ 53,768
$ 53,768
1983
$ 26,884
1983
$ 26,884
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
84,275
1989
17,138
1989
17,137
1989
50,000
30,025
80,025
1990
15,013
1990
15,012
1990
50,000
25,650
75,650
1991
12,825
1991
12,825
1991
75,000
21,150
96,150
1992
10,575
1992
10,575
1992
75,000
14,250
89,250
1993
7,125
1993
7,125
1993
75,000
7,200
82,200
1994
3,600
1994
3,600
$500,000
$401,381
$901,381
$200,692
$200,689
$ 53,768
$ 53,768
Current
$500,000
347,613
847,613
Long -Term
$500,000
$401,381
$901,381
0
102
VILLAGE
OF DEERFIELD, ILLINOIS
'
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BONDS, SERIES 1982
- A
APRIL 30, 1983
Date of
Issue
December 1, 1982
'
Date of
Maturity
December 1, 1993
Authorized
Issue
$500,000
'
Actual
Denomination
Issue
of Bonds
$500,000
$ 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
Tax
Levy
Coupons
Due on
'
Year
Principal
Interest
Total June 1
Amount
Dec. 1
Amount
1982
$ 39,250
$ 39,250 1983 $
19,625
1983
$ 19,625
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
50,000
32,250
82,250 1986
16,125
1986
16,125
1986
50,000
28,750
78,150 1981
14,315
1987
14,315
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
$263,000
$763,000 $131,500
$131,500
$ 39,250 $ 39,250 Current
$500,000 223,750 723,750 Long -Term
$500,000 $263,000 $763,000
103
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
POLICE ADDITION INSTALLMENT CONTRACT OF 1979
APRIL 30. 1983
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
1982
$ 20,000
$23,115
$ 43,115
1983
25,000
21,788
46,788
1984
145,000
20,088
165,088
1985
155,000
10,385
165,385
$345,000
$75,376
$420,376
$ 20,000
$23,115
$ 43,115 - Current
325,000
52,261
377,261 - Long -Term
$345,000
$75,376
$420,376
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
1
1
104
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
WATER REVENUE BOND SERIES OF 1960
APRIL 30. 1983
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
1984
76-80
$ 5,000
$2,125
$ 7,125
1983
$1,062
1984
$1,063
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
$50,000
$8,288
$58,288
$4,142
$4,146
1
105
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
'
WATER REVENUE BOND SERIES
OF 1959
APRIL 30, 1983
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
PRINCIPAL AND INTEREST REQUIREMENTS
Year
Bond
Coupons
Due on
,
Ended
Numbers
' Principal
Interest Total
Nov. 1
Amount
May 1
Amount
1984
351-380
$ 30,000
$ 8,512 $ 38,512
1983
$ 4,256
1984
$ 4,256
'
1985
381-410
30,000
7,088 37,088
1984
3,544
1985
3,544
19'86
411-440
30,000
5,738 35,738
1985
2,869
1986
2,869
1987
441-475
35,000
4,462 39,462
1986
2,231
1987
2,231
,
1988
476-510
35,000
2,976 37,976
1987
1,488
1988
1,488
1989
511-545
35,000
1,488 36,488
1988
744
1989
744
$195,000
130,264 $225,264
$15,132
$15,132
,
106
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VILLAGE OF DEERFIELD, ILLINOIS
STATEMENT OF LEGAL DEBT MARGIN
APRIL 30, 1983
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.
Computation of Debt Margin Village of Deerfield is a home rule municipality and
as such has no debt limitations. If, however, the Vilage were a non -home rule
village its available debt limit would be as follows:
Assessed Valuation
Legal Debt Margin - 8.625
Amount of Debt Applicable to Limit
Sewerage Improvement Bonds
Sewerage Treatment Facility Bonds
Land Acquisition Bonds
Corporate Purpose Bond Series 1982
Corporate Purpose Bond Series 1982-A
Police Addition Installment Contract
Public Benefit
$236,944,178
$ 20,436,435
$ 625,000
1,175,000
150,000
500,000
500,000
325,000
28,700
$ 3,303,700
Legal Debt Margin $ 17,132,735
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VILLAGE OF DEERFIELD, ILLINOIS
POLICE PENSION FUND
STATEMENT OF OFFICERS' DEPOSITS
Balance Balance
April 30, 1982 Deposits Withdrawals April 30, 1983
Kenneth Anderson
$ 12,410
$ 2,425
$ 14,835
Leo Anderson
12,542
2,272
14,814
Mark Anfenson
1,061
1,061
William Behnke
17,005
$17,005
Richard Brandt
20,087
3,952
24,039
William Butler
21,593
2,272
23,865
Robert Charles
27,741
2,949
30,690
Gordon Cooper
19,837
2,351
22,188
Robert Davenport, Jr.
25,226
3,198
28,424
David P. Ebert
17,659
2,273
19,932
John Elofson
15,207
2,272
17,479
William Ennis
9,606
21273
11,879
Marie Rose Gawne
8,131
2,273
10,404
Robert Githens, Jr.
204
204
Robert Hamilton
23,727
2,745
26,472
Thomas Hill
19,822
2,723
22,545
George Hoffman
17,058
2,272
19,330
Hillary Jenkins
4,804
2,023
6,827
Larry Kick
21,497
2,272
23,769
Eric Lundahl
2,794
1,863
4,657
Jeffrey McDermott
22,851
2,744
25,595
Robert Ogden
1,723
1,783
3,506
Drew R. Pranke
123
123
Rand J. Roel
926
926
Marcea Ross
8,825
2,273
11,098
John Sebben
14,175
2,272
16,447
Thomas Sheahan
10,268
2,272
12,540
Thomas Skrabala
16,574
2,817
19,391
John Sliozis
9,367
2,272
11,639
Michael Soler
12,400
2,272
14,672
Gary Stryker
18,725
2,770
21,495
Larry Tousignant
23,137
2,797
25,934
David Turnbaugh
19,314
2,718
22,032
Glenn E Webb
7,294
2,286
9,580
Richard Weil
2,415
1,844
4,259
Ronald Wolflick
5,424
5,424
$469,238
$75,842 $22,429
$522,651
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