Annual Financial Report For Year Ended April 30, 1983 (2)11
VILLAGE OF DEERFIELD, ILLINOIS
ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED
APRIL 30, 1983
Prepared by Finance Department
George Valentine
Director of Finance
TABLE OF CONTENTS
PAGE
FINANCIAL SECTION
PRINCIPAL OFFICIALS
i
AUDITORS' REPORT ON THE FINANCIAL STATEMENTS
1-2
COMBINED STATEMENTS - OVERVIEW ("Liftable" General
Purpose Financial Statements)
Combined Balance Sheet - All Fund Types
and Account Groups
3
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances - All Governmental
and Fiduciary (Expendable Trust) Fund Types
4
Combined Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and Actual -
General, Special Revenue, and Debt Service Fund Types
5
Combined Statement of Revenues, Expenses, and Changes
in Retained Earnings/Fund Balances - All Proprietary
and Fiduciary (Pension Trust) Fund Types
6
Combined Statement of Changes in Financial Position -
All Proprietary and Fiduciary (Pension Trust)
Fund Types
7
Notes to the Financial Statements
8-32
FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS
GOVERNMENTAL FUND TYPES
GENERAL FUND
General Fund
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
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
(See P. 40)
(See P. 40)
PAGE
40
41
42
43
(See P. 40)
44
(See P. 40)
45
46
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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
PAGE
(See P. 40)
47
48-52
(See P.
40)
53
(See P.
40)
54
(See P.
40)
55
(See P.
40)
56
TABLE OF CONTENTS (CONT.)
FINANCIAL SECTION (CONT.)
GOVERNMENTAL FUND TYPES (CONT.)
DEBT SERVICE FUNDS
All Funds
Financial Statements
Combining Balance Sheet
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances - Budget and Actual
CAPITAL PROJECTS FUNDS
All Funds
Financial Statements
Combining Balance Sheet
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
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)
PAGE
57
58
59
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.)
PAGE
FINANCIAL
SECTION (CONT.)
PROPRIETARY FUND TYPES (CONT.)
ENTERPRISE FUNDS (CONT.)
Sewerage Fund
Financial Statements
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
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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
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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
Naomi S. Clampitt, Clerk
ADMINISTRATIVE
Robert Franz, Village Manager
Edwin B. Seidman
Vernon E. Swanson
T. Robert York
FINANCE DEPARTMENT
George Valentine, Director of Finance/Treasurer
i
AUDITORS' REPORT ON THE FINANCIAL STATEMENTS
1 '
Certified Public Accountants
The Honorable Bernard Forrest Mayor
' Members of the Board of Trustees
Village of Deerfield
Deerfield, Illinois
We have examined the combined financial statements of the Village of
Deerfield, Illinois and the combining, individual fund, and account
group financial statements of the Village as of and for the year ended
April 30, 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
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.
In 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
1
statements of the preceding paragraphs, present fairly the financial
position of the individual funds and account groups of the Village of
1 Bank of Wheaton Building • 211 South Wheaton Avenue • Wheaton, Illinois 60187 • (312) 665-4510
2
' 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
1
k
11
F�
I COMBINED STATEMENTS
OVERVIEW
("Liftable" General Purpose
Financial Statements)
P
11
VILLAGE OF DEERFIELD, ILLiNOIS
ALL FUND TYPES AND ACCOUNT GROUPS
COMBINED BALANCE SHEET
APRIL 30, 1983
(See Following Page)
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VILLAGE OF DPI), ILLIlWIS
ALL PROPRIETARY AMID FIDUCIARY PENSION TRUST) FUND TYPES
ODMBMM STAMM OF REVENUES, EXPENSES,
AND CHANCES IN RETAINED EARNINGS FUND RMAN(ES
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
Intrafind Transfers In - Retained
Earnings - Reserved
April 30
Proprietary Fiduciary
Fund Types Flom Types
Internal Pension
Enterprise Service Trust
1
Totals
(Memorandum Only) ,
1983 1982
$ 127,124 $ 127,124 $ 103,408
$1,901,603
$123,100
2,024,703
1,902,640
53,120
53,120
60,228
147,160
212,511
359,671
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
2,175,622
1,826,748
256,781
256,781
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$80
$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.
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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
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30. 1983
r
9
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).
1 Special Assessment Funds - Special Assessment Funds are used to account for
the financing of public improvements or services deemed to benefit the
properties against which special assessments are levied.
PROPRIETARY FUNDS
' Enterprise Funds - Enterprise Funds are used to account for operations (a)
that are financed and operated in a manner similar to private business
enterprises --where the intent of the governing body is that the costs
' (expenses, including depreciation) of providing goods or services to the
general public on a continuing basis be financed or recovered primarily
through user charges; or (b) where the governing body has decided that
' periodic determination of revenues earned, expenses incurred, and/or net
income is appropriate for capital maintenance, public policy, management
control, accountability, or other purposes.
' Internal Service Funds - Internal Service Funds are used to account for the
financing of goods or services provided by one department or agency to
other departments or agencies of the Village, or to other governments, on a
' cost -reimbursement basis.
FIDUCIARY FUNDS
Trust and Agency Funds - Trust and Agency Funds are used to account for
assets held by the Village in a trustee capacity or as an agent for
individuals, private organizations, other governments, and/or other funds.
These include Expendable Trust, Nonexpendable Trust, Pension Trust, and
Agency Funds. Nonexpendable Trust and Pension Trust Funds are accounted
for in essentially the same manner as proprietary funds since capital
maintenance is critical. Expendable Trust Funds are accounted for in
10 1
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 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
Taxes Intergovernmental Revenues '
Property Motor Fuel Tax Allotments
Sales Federal Revenue Sharing Entitlements
Income
1
11
' NO
VILLAGE OF DEERFIELD, ILLI S i
' NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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.
1
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.
' S. 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 reflected in the Village's financial report.
1
12
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."
13
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.)
Governmental fund operating statements present increases (revenues and
' other financing sources) and decreases (expenditures and other financing
uses) in net current assets. Accordingly, they are said to present a
summary of sources and uses of "available spendable resources" during a
' period.
Fixed assets used in governmental fund type operations (general fixed
assets) are accounted for in the General Fixed Assets Account Group, rather
than in governmental funds. Public domain ("infrastructure") general fixed
assets consisting of certain improvements other than buildings, including
roads, bridges, curbs and gutters, streets and sidewalks, drainage systems,
and lighting systems, are not capitalized along with other general fixed
assets. No depreciation has been provided on general fixed assets.
' All fixed assets are valued at historical cost or estimated historical cost
if actual historical cost is not available. Donated fixed assets are
valued at their estimated fair value on the date donated.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long -Term Debt Account Group, not in the
governmental funds. The single exception to this general rule is for
special assessment bonds, which are accounted for in Special Assessment
Funds.
The two account groups are not "funds." They are concerned only with the
' measurement of financial position. They are not involved with measurement
of results of operations.
Noncurrent portions of long-term receivables due to governmental funds are
reported on their balance sheets, in spite of their spending measurement
focus. Special reporting treatments are used to indicate, however, that
' they should not be considered "available spendable resources" since they do
not represent net current assets. Recognition of governmental fund type
revenues represented by noncurrent receivables is deferred until they
become current receivables. Noncurrent portions of long-term loans
' receivable are offset by fund balance reserve accounts. The Village does
not currently have any noncurrent receivables and related reserves.
14 1
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.)
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
1
1
1
15
r
VILLAGE OF DEERFIELD, ILLINOIS
rNOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
r
r1. Summary of Significant Accounting Policies (Cont.)
F. Revenues, Expenditures, and Expenses
IProperty 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.
r Revenue recognition as stated above is based upon NCGA Interpretation 3 -
"Revenue Recognition - Property Taxes", Paragraph 8, "unusual circum-
stances". In Illinois. DroDerty tax levies are eenerally tied to budget/
appropriation ordinances for given fiscal years (the 1982 property tax levy
is based upon the April 30, -1983 budget fiscal year). 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.
1
1
16 '
1
VILLAGE OF DEERFIELD, ILLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
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
1
1
accrued vacation pay and sick leave at April 30, 1983: 1
Vacation Pay - $203 194 '
Sick Leave 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
1
I !
17
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
rThe 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 j
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
1
19
VILLAGE OF DEERFIELD, ILLINOIS
I
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
I
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
Commuter
Water
Sewer
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
1 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.
20 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.)
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
i
1
1
171
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 of 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
c1 ntn 119
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
'
Deductions
Pension Payments
Miscellaneous
'
Total Deductions
'
Balances - April 30, 1983
$2,306,135 $0 ,126,757) $3,432,892
$
29,403
$
29,403
200
200
$
29,603
- $
29,603
99
97A SI?
Sl1 17A 7s71 Si
L.ni ?RQ
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.
$ 97,029
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.
80,774
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.
$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
23
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.)
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 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
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.
1
iJ
11
25
�I
VILLAGE OF DEERFIELD, ILLINOIS
' NOTES TO THE FINANCIAL STATEMENTS
APRIL 30. 1983
1
3. Detail Notes on All Funds and Account Groups (Cont.)
LB. 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 ,
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
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
Due Due
From To
General
General
Illinois Municipal Retirement
$
22,000
Capital Projects
5,769
Tax Incremental Finance District
8,984
Special Assessment
14,000
$ 44,312
Garage
1,620
$
502753
$ 45,932
Special Revenue
Emergency Service
Garage
$ 74
Youthbound
Garage
200
Street
Garage
4,730
Illinois Municipal Retirement
General
22,000
Public Benefit
Special Assessment
$
10,000
Federal Revenue Sharing
Debt Service
87,570
Total Special Revenue
$
10,000
$114,574
Debt Service
Debt Service
Federal Revenue Sharing
$
87,570
Sewerage Treatment Facility
45,000
Tax Incremental Finance District
53,769
$186,339
29
1
1
1
i
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
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)
1
1
1
1
1
1
1
1
1
1
1
1
1
i
i
1
1
i
1
31
VTT.1 OF DEERFiE1D, MLINOIS
NOTES TO THE FINANCIAL STATEMENTS
APRIL 30, 1983
4. Segment Information for Certain Individual Enterprise Funds
The Village maintains 4 Enterprise Funds which provide water, sewerage, refuse and parking services.
Segment information for the year ended April 30, 1983 is as follows:
%ter
Sewerage
Refuse
Parking lot
Fund
Fund
Fund
Fund Total
Operating Revenues $926,326
$ 641,722
$ 425,715
$ 55,000 $2,048,763
Depreciation, Depletion, and
Amortization Expense
37,744
Operating Income or (lass)
143,955
Operating Transfers
Out
Tax Revenues
Net Income (Loss)
157,496
Current Capital Contributions and 1Yansfers
Transfers
Plant, Property and Equipment
Additions
98,393
Deletions
3,716
Net Working Capital
419,708
Bonds and Other long -Tenn
Liabilities
Payable frcan Operating
Revenues
245,000
Total Equity
729,385
188,386 30,651
(248,552) (324,685) (7,926)
15,000
328,530
(188,441) 10,230 (7,926)
42,302
256,781
(437,208)
15,000
328,530
(28,641)
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 1
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.
1
1-1
1
1
1
GOVERNMENTAL FUND TYPES
1
P
1
GENERAL FUND
f1
I
I
$V
VILLAGE OF DEERFIELD, ILLINOIS
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 21,000 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, ILLINOIS
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, ILLIN01S
GENERAL FUND
STATEMENT OF REVENUES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget Actual
Taxes
Property Taxes - General - Current - (Net) $ 420,000 $ 420,000
Property Taxes - Prior 511
Sales Tax 1,300,000 1,302,936
Income Tax 350,000 326,542
$2,070,000 $2,049,989
Licenses and Permits
Beer/Liquor Licenses
$ 25,000
$ 25,425
Food Licenses
2,500
3,283
Other Business Licenses
9,000
9,249
Building Permits
35,000
67,985
Animal Licenses
7,000
6,271
Non -Business Licenses and Permits
25,000
13,776
$ 103,500
$ 125,989
Intergovernmental
State Grants
$ 10,000
$ 6,973
Charges for Services
Special Police Services
$
42,000
$
39,333
Transfer Charges
36,000
36,000
Engineering Charges
8,000
9,214
$
86,000
$
84,547
Fines and Forfeits
$
115,000
$
137,517
Miscellaneous
False Alarms
$
10,700
Sale of Materials
$
1,000
2,661
Rental
8,000
7,284
Interest
100,000
148,231
Miscellaneous
30,000
28,118
$ 139,000 $ 196,994
S2.523.500 92.602.009
36 '
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
u
37
VILLAGE OF DEERFIELD, ILLINOIS
'
GENERAL FUND
STATEMENT OF
EXPENDITURES BUDGET AND ACTUAL
FOR THE
YEAR ENDED APRIL 30, 1983
Budget
Actual
Public Safety
'
Police Department
Administrative Service
Salaries
Overtime
$214,100
5,300
$215,039
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
'
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
Part -Time
35,000
37,600
30,590
29,437
Employee Benefits
44,000
37,007
Travel, Training and Dues
22,500
10,816
'
Motor Vehicle Maintenance
20,500
10,008
Repairs and Maintenance
1,500
1,509
38
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
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VILLAGE OF DEERFIELD, ILLINOIS
GENERAL FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30. 1983
Budget
Public Safety (Cont.)
Police Department (Cont.)
Bicycle Safety Program
Salaries $ 11,500
Printing and Advertising 500
Repairs and Maintenance 500
Apparel 500
Benefits 400
Motor Vehicles 500
$ 13,900
$1,693,300
c') All onn
Actual
$ 9,234
400
138
148
285
$ 10,205
$1,504,567
ei zgn Q1A
39
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42
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 Actual
$10,500 $10,500
(67)
$10,500 $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
Budget
Actual
Revenues
Property Taxes - Current - (Net)
$579,020
$579,020
Property Taxes - Prior
788
Non -Resident Fees
5,000
7,310
Fees, Fines, Penalties
16,000
22,617
Gifts
6,000
1,647
Reciprocal Borrowing
3,384
Xerox
20,000
21,502
Interest
15,000
16,615
Monies Allocated
111,723
Grants
8,798
$752,743
$661,681
Expenditures (See Page 46)
602,743
512,438
Excess of Revenues over Expenditures
$150,000
$149,243
Fund Balance
May 1, 1982
648,934
April 30, 1983 $798,177
0
See accompanying Notes to the Financial Statements.
46
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
11
11
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
47 1
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
Budget
Actual
Revenues
Property Taxes - Current - (Net)
$160,000
$160,000
Property Taxes - Prior
4,000
7,308
Interest
6,000
10,029
Vehicle Licenses
245,000
253,013
Motor Fuel Tax
117,000
117,000
State Highway Maintenance
13,000
10,276
50/50 Sidewalk and Curb
8,800
9,309
Miscellaneous
6,000
4,497
Train Station Maintenance
1,500
$561,300
$571,432
Expenditures - Public Works (Page 48-52)
Administration
$ 70,340
$ 63,456
Cleaning
19,970
23,279
Traffic Marking
28,230
25,564
Pavement Patching
72,780
88,128
Tarring Cracks
59,870
63,458
Drainage Structure
11,550
17,104
Street Lights and Traffic Signals
56,570
77,456
'
Miscellaneous Maintenance
47,750
49,433
Snow and Ice Control
108,740
75,077
Weed Control
12,780
6,956
Leaf Removal
16,530
21,270
Tree Removal
22,040
16,342
Tree Planting
11,900
5,193
Railroad Station Maintenance
20,850
13,825
$559,900
$546,541
Excess of Revenues over Expenditures before
Other Financing Sources (Uses)
$ 1,400
$ 24,891
Other Financing Sources (Uses)
Operating Transfers in (Out)
'
Parking Lot Fund
$ 20,000
$ 15,000
General Fund
(33,000)
(33,000)
$(13,000)
$(18,000)
Excess (Deficiency) of Revenues and Other Sources
over Expenditures and Other Uses
$0 1,600)
$ 6,891
Fund Balance
May 1, 1982 208,804
April 30, 1983 $215,695
See accompanying Notes to the Financial Statements.
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
1
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
$70,340
246
$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
Equipment Rental
3,000
500
6,163
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, ILLINOIS
STREET AND BRIDGE FUND
STATEMENT OF EXPENDITURES - BUDGET AND
ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
S
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
1
Contractual Services
Motor Vehicle Maintenance
25,700
850
28,606
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
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
i
1
1
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1
1
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
STREET AND BRIDGE FUND
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 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
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
53
54
1
1
1
1
1
1
1
i
1
1
1
1
1
1
1
1
1
1
VILLAGE OF DEERFIELD, ILLINOIS
PUBLIC BENEFIT FUND
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Revenues
Property Taxes - Current - (Net)
Property Taxes - Prior
Interest
Expenditures
Contractual
Excess of Revenues over Expenditures
Fund Balance
May 1, 1982
April 30, 1983
See accompanying Notes to the Financial Statements.
Budget Actual
$10,000 $10,000
32
20,000 3,540
$30,000 $13,572
14,000 13,064
$16,000 $ 508
80,319
$80,827
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
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
DEBT SERVICE FUNDS
1
57
1
1
1
1
1
1
1
1
i
1
1
1
1
i
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 30
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
Budget Actual
Revenues
Taxes
Property Taxes - Current - (Net)
Property Taxes - Prior
Replacement Tax
Miscellaneous
Interest
Other
Total Revenues
1
1982
Actual '
$369,050 $ 367,377 $303,819
(71) 8,364
60,000 33,979 51,784
30,000 36,894 32,224
33
$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
$0 5,115) $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
198,784
167,416
April 30 (Page 57)
$
233,980
$198,784
See accompanying Notes to the Financial Statements.
1
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63
VILLAGE OF DEERF D, UIMIS
ENTERPRISE FUNDS
COMBINING BALANCE SLEET
APRIL 30, 1983
'
Comniter
Parking
Totals
Water
Sewerage
Refuse
Lot
1983
1982
ASSETS
Current Assets
Cash and Investments
$
257,921
$ 376,247
$ 14,720
$ 43,408
$ 692,296
$ 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 3C)
749
749
749
Inventory
48,940
48,940
40,937
$
473,090
$ 498,567
$411,611
$ 43,408
$1,426,676
$1,440$06
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
AND FUND EQUITY
LIABILITIES
Current Liabilities
Accounts Payable
$
49,289
$ 34,071
$ 61,926
$ 7,838
$ 153,124
$ 154,921
Due to Other Funds (Note 30
1,968
3,094
5,062
5,229
Other P ayables
2,125
1,470
1,167
4,762
7,919
'
$
53,382
$ 38,635
$ 61,926
$ 9,005
$ 162,948
$ 168,069
laig-Term Liabilities
Bonds Payable
245,000
245,000
275,000
Total Liabilities
$
298,382
$ 38,635
$ 61,926
$ 9,005
$ 407,948
$ 443,069
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 Fund Equity
$
729,385
$5,957,761
$349,685
$604,302
$7,641,133
$7,667,947
Total Liabilties and Fund Equity $1,027,767
$5,996,396
$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
WATER FUND
BALANCE SHEET
APRIL 30, 1983
ASSETS
Current Assets
Cash and Investments
Receivables
Accounts - Billed
- Unbilled
Inventory
Other
Restricted Assets
Cash and Investments
Fixed Assets (Page 70)
Cost
Accumulated Depreciation
Total Assets
LIABILITIES AND FUND EQUITY
Current Liabilities
Accounts Payable
Other Payables
Due to Other Funds (Note 30
Long -Term Liabilities
Bonds Payable
Total Liabilities
Fund Equity
Retained Earnings
Unreserved (Page 67)
Reserved
Total Retained Earnings
Total Liabilities and Fund Equity
See accompanying Notes to the Financial Statements.
1983 1982
$ 257,921 $ 177,257
41,963
45,379
118,321
131,663
48,940
40,937
5,945
10,755
$ 473,090
$ 405,991
$ 88,708 $ 88,708
$ 922,816
$ 828,139
456,847
420,036
$ 465,969
$ 408,103
$1,027,767
$ 902,802
$ 49,289
$
57,520
2,125
1,968
969
$ 53,382
$
58,489
245,000
$
275,000
$ 298,382
$
333,489
$ 640,677 $ 480,605
88,708 88,708
$ 729,385 $ 569,313
$1,027,767 $ 902,802
1
1
.1
1
1
67
1
li
VILLAGE OF DEERFIELD, ILLINOIS
WATER 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
Water Sales
Permits and Fees
Penalties
Miscellaneous
1983
Budget Actual
$960,000
9,000
11,000
500
$980,500
$896,243
18,867
11,192
24
$926,326
1982
Actual
$832,670
9,164
11,394
423
$853,651
Operating Expenses Excluding
Depreciation (Page 68-69)
Administration
$117,570
$ 75,482
$ 74,646
Distribution
561,100
536,335
499,177
Maintenance - Mains and Fire Hydrants
244,550
90,686
100,679
Maintenance - Meters
59,960
42,124
47,701
$983,180
$744,627
$722,203
Net Operating Income (Loss)
Before Depreciation
$ (2,680)
$181,699
$131,448
'
37,744
30,865
Depreciation
Net Operating Income (Loss)
$ (2,680)
$143,955
$100,583
Nonoperating Revenue (Expenses)
Interest Earned
Interest Expense - Revenue Bonds
$ 15,000
$ 25,579
(12,038)
$ 31,619
(16,000)
$ 15,000
$ 13,541
$ 15,619
1
Net Income (Loss)
$ 12,320
$157,496
$116,202
'
Retained Earnings - Unreserved
May 1
$480,605
$364,403
Prior Period Adjustment (Note 3.D.4)
2,576
Adjusted Balances
$483,181
364,403
'
April 30 (Page 66)
$640,677
$480,605
ISee accompanying Notes to the Financial Statements.
A.]
VILLAGE OF DEERFIELD, ILLINOIS
WATER VT]Mn
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
800
1,021
Employee Benefits
530
572
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
1,300
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 $ 39,322
Overtime 10,000 6,838
Part -Time 39630 2,931
Employee Benefits 3,420 2,738
Communications 100
69
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VILLAGE OF DEERFIELD, ILLINOIS
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
95,608
$244,550 $ 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
900
1,591
Materials
3,000
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
STATEMENT OF FIXED ASSETS AND DEPRECIATION
FOR THE YEAR ENDED APRIL 30. 1983
Water System
Equipment and Automotive
Water System
Equipment and Automotive
Net Asset Value
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
$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 3C)
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
$51996,396
$ 450,776
79,414
530,190
$6,146,951
$60184,384
72 1
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 I
Prior Period Adjustments (Note 3.D.4)
Adjusted Balances
Intrafund Transfers In (Out) - Retained
Earnings - Reserved
April 30 (Page 71)
1983 1982
Budget Actual Actual
$ 625,000 $ 506,695 $ 532,258
22,000
31,445
20,140
7,000
7,112
6,913
25,000
42$02
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
$(196,580) $ (601166) $ 64,011
I88,386 171,138
$0 96,580) $(248,552) $(107,127)
60,000 60,111 82,058
$036,580) $088,441) $ (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
i
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1
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73
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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
04,700)
$ 7,602
79,414
$ 87,016
74 1
VILLAGE OF DEERFIELD, ILLINOIS
SEWERAGE FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget Actual
Administration
Salaries
$ 39,920
$ 45,946
Overtime
630
Employee Benefits
2,100
3,075
Professional Services
200
1,573
Travel, Training and Dues
200
8
Printing and Advertising
100
Communications
1,000
1,268
Insurance
25,000
19,505
Motor Vehicle Maintenance
900
304
Repairs and Maintenance
500
808
Miscellaneous
700
792
Supplies
400
1,000
Motor Vehicle Supplies
650
247
Occupancy
12,000
12,000
Apparel
1,050
747
$ 85,350
$ 87,273
Operations
Treatment Plant
Salaries
$185,150
$170,521
Overtime
6,250
8,320
Part -Time
3,630
3,306
Employee Benefits
13,450
11,467
Professional Services
2,500
826
Travel, Training and Dues
900
868
Printing and Advertising
1,000
Communications
2,500
624
Contractual Services
12,500
13,195
Utility Services
97,670
135,575
Motor Vehicle Maintenance
3,000
5,044
Repairs and Maintenance
26,100
41,078
Equipment Rental
1,000
1,279
Supplies
4,000
6,293
Motor Vehicle Supplies
1,500
5,561
Chlorine
5,500
3,694
Aggregates
3,000
3,346
Materials
4,000
6,912
Street Signs
300
Small Tools and Equipment
500
220
Apparel
1,400
948
Miscellaneous
4,000
1,390
Equipment
8,950
10,024
Motor Vehicles
9,000
8,068
Depreciation
54,000
117,055
Improvements - Not Buildings
80,000
$531,800
$555,614
Less Amount Capitalized
135,147
T5TT$U0
$420,467
1
75
VILLAGE OF DEERFIELD ILLINOIS
SEWERAGE FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
Budget Actual
Operations (Cont.)
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 1,500 466
Small Tools and Equipment 300 246
Improvements - Not Building 64,000 34,700
$157,620 $141,317
Less Amount Capitalized 42,768
$157,620 $ 98,549
Construction
r-
Salaries
$ 59,820
$ 49,278
Overtime
1,240
907
Part -Time
Employee Benefits
600
4,750
600
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
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
rz
Assets
Balances Balances
May 1, 1982 Additions Deletions April 30, 1983
$5,742,761
119,060
QS Q91 u71
$161,779
16 ,136
$177,915
J
$5,904,540
135,196
cg nzo 71A
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
t 912 o1q
Net Asset Value $5.410.813
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VILLAGE OF DEERFIELD, ILLINOIS
BALANCE SHEET
APRIL 30, 1983
ASSETS
Current Assets
Cash and Investments
Receivables
Accounts - Billed
- Unbilled
Property Taxes - Current - (Net)
Due from Other Funds (Note 30
Total Assets
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.
1983 1982
$ 14,720 $ 29,879
18,672 20,802
65,337 66,040
312,133 279,587
749 749
$411,611 $397,057
$ 61,926 $ 57,602
349,685
$411,611
339,455
$397,057
77
VILLAGE OF DEERFIELD, ILLINOIS
REFUSE 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
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 1982
Budget Actual Actual
$ 416,500 $ 419,237 $ 417,641
6,478 6,734
$ 416,500 $ 425,715 $ 424,375
$ 12,000 $ 121000 $ 10,000
6,500 3,614 5,769
713,000 734,786 668,044
$ 731,500 $ 750s400 $ 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
1
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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 $ 26,223
$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
M
VILLAGE OF DEERFIELD, ILLINOIS
COMMUTER PARKING LOT FUND
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 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.
$04,012) $ 20,166
(23,213)
$04,012) $ (3,047)
$(21,938) $04,012)
81
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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
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
Land $ 77,500 $ 77,500
Parking Lot 613,028 613,028
$690,528 - - $690,528
Parking Lot
Accumulated Depreciation
Balances Balances
May 1, 1982 Provisions Deletions April 30, 1983
$ 89,978
$ 89,978
$30,651
$30,651
$1209629
$120,629
Net Asset Value $569,899
��j
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11
INTERNAL SERVICE FUND
83
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VILLAGE OF DEERFIELD, ILLINOIS
BALANCE SHEET
APRIL 30, 1983
1983 1982
ASSETS
Cash and Investments $11,102 $(53,828)
Due from Other Funds (Note 3C) 10,937 16,262
Inventory 21,797 21,797
Total Assets $43,836 $05,769)
LIABILITIES AND FUND EQUITY
Liabilities
Accounts Payable $12,059 $ 5,637
Accrued Payroll 282
Other Payables 166
Total Liabilities $12,225 $ 5,919
Retained Earnings (Page 84) 31,611 (21,688)
Total Liabilities and Fund Equity $43,836 $0 5,769)
See accompanying Notes to the Financial Statements.
VILLAGE OF DEERFIELD, ILLINOIS
STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN RETAINED EARNINGS - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 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.
84
$(21,688) $(22,557)
442
$ 21,688) $(22,115)
$ 31,611 $(21,688)
1
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VILLAGE OF DEERFIELD, ILLINOIS
GARAGE FUND
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
70,000
$ 81,631
16,701
$ 64,930
(53,828)
$ 11,102
85
VILLAGE OF DEERFIELD, ILLINOIS
GARAGE FUND
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
FOR THE YEAR ENDED APRIL 30, 1983
operations
Public Works Department
Salaries
Overtime
Employee Benefits
Professional Services
Travel, Training and Dues
Printing and Advertising
Insurance
Miscellaneous
Utility Services
Repairs and Maintenance
Supplies
Motor Vehicle Supplies
Apparel
Equipment
Communications
Budget Actual
$ 480100 $ 47,206
3,670
2,732
3,160
3,119
50
200
160
250
302
3,000
2,188
200
(59)
2,000
1,114
5,000
10,421
43,500
61,322
800
486
330
432
33%300
10,271
107
$113,560 $139,801
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FIDUCIARY FUND TYPES
11
TRUST AND AGENCY FUNDS
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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 -
M
1
1
i
1
1
i
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1
1
1
1
1
1
1
1
1
1
1
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
See accompanying Notes to the Financial Statements.
1,913,380 1,661,869
$2,276,532 $1,913,380
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
1
1
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i
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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
Balances
May 1, 1982
$23,569
Balances
Net Change April 30, 1983
$40,869 $64,438
Deposits Payable
$22,362
$38,727
$61,089
Accounts Payable
1,207
2,142
3,349
Total Liabilities
$23,569
$40,869
$64,438
See accompanying Notes to the Financial Statements.
1
1
1
ACCOUNT GROUPS
11
11
11
1
1
1
1
I
GENERAL FIXED ASSETS
ACCOUNT GROUP
1
11
11
1
1
1
1
1
1
1
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1
1
1
1
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VILLAGE OF DEERFIELD, ILLINOIS
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF GENERAL FIXED ASSETS
APRIL 30, 1983
GENERAL FIXED ASSETS
Land
Buildings and Improvements
Vehicles
Equipment
Office Furniture and Equipment
INVESTMENT IN GENERAL FIXED ASSETS
General Revenues
See accompanying Notes to the Financial Statements.
$1,718,697
1,237,500
373,248
447,065
258,043
$4,034,553
92
L'
GENERAL LONG-TERM DEBT
ACCOUNT GROUP
I
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93
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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
s 975_nnn
95
W.
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
Money Market
Deerfield State Bank
Certificate of Deposit
Cragin Federal Savings and Loan
First National Bank of Deerfield
Time Deposit
Continental
Total Enterprise
Interest Maturity
Rate Date
8.400 7/25/83
$467,712
$160,000
8.375 5/22/83 $185,000
$812,712
$181,761
8.750 5/13/83 150,000
8.500 6/29/83 100,000
$256,904
$431,761
8.500 6/24/83 $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
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
97
c1 niA iin
Total Trust and Agency $5,934,991
1
1
1
Date of Issue
Date of Maturity
Authorized Issue
Actual Issue
Denomination of Bonds
Interest Rate
Principal Maturity Date
Interest Dates
'
Payable at
J
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
SEWERAGE IMPROVEMENT BONDS OF 1973
APRIL 30, 1983
June 1, 1973
December 1, 1992
$1,080 ,000
$1,080,000
$5,000
4.4%-5.1%
December 1
June 1 and December 1
Belleville National Savings
Bank
PRINCIPAL AND INTEREST REQUIREMENTS
Tax
Bond
Levy
Numbers
Year
Principal
1981
77-91
1982
$ 75,000
92-106
1983
75,000
107-121
1984
75,000
122-136
1985
75,000
137-151
1986
75,000
152-166
1987
75,000
167-181
1988
75,000
182-196
1989
75,000
197-206
1990
50,000
207-216
1991
50,000
$700,000
Interest Total
$ 16,862
$ 16,862
32,000
107,000
28,550
103,550
25,062
100,062
21,538
96,538
17,975
92,975
14,337
89,337
10,625
85,625
6,875
81,875
3,750
53,750
1,250
51,250
$178,824 $878,824
Coupons Due on
Dec. 1
Amount
June 1
Amount
1983
$16,862
1983
$16,862
1984
15,138
1984
15,138
1985
13,412
1985
13,412
1986
11,650
1986
11,650
1987
9,888
1987
9,888
1988
8,087
1988
8,087
1989
6,250
1989
6,250
1990
4,375
1990
4,375
1991
2,500
1991
2,500
1992
1,250
1992 1,250
$ 75,000 $ 48,862 $123,862 Current
625,000 129,962 754,962 Long -Term
$700,000 $178,824 $878,824
$89,412 $89,412
99
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 Coupons Due on
Numbers Year Principal Interest Total Dec. 1 Amount June 1 Amount
1981
$ 31,438
$ 31,438
1983
$ 31,438
141-165
1982
$ 125,000
60,000
185,000
1983
$ 31,438
1984
28,562
166-190
1983
125,000
54,250
179,250
1984
28,562
1985
25,688
191-215
1984
125,000
48,438
173,438
1985
25,688
1986
22,750
216-240
1985
125,000
42,563
167,563
1986
22,750
1987
19,813
241-265
1986
125,000
36,625
161,625
1987
19,813
1988
16,812
266-296
1987
125,000
30,562
155,562
1988
16,812
1989
13,750
297-315
1988
125,000
24,375
149,375
1989
13,750
1990
10,625
316-340
1989
125,000
18,125
143,125
1990
10,625
1991
7,500
341-370
1990
150,000
11,250
161,250
1991
7,500
1992
3,750
371-400
1991
150,000
3,750
153,750
1992
3,750
$1,300,000
$361,376
$1,661,376
$180,688
$180,688
$ 125,000 $ 91,438 $ 216,438 Current
10175,000 269,938 1,444,938 Long -Term
$1,300,000 $361,376 $1,661,376
100
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
Coupons Due on
Dec. 1 Amount June 1 Amount
1983 $ 7,775
1983 $ 7,775 1984 4,275
1984 4,275
$12,050 $12,050
$125,000 $19,825 $144,825 Current
150,000 4,275 154,275 Long -Term
$275,000 $24,100 $299,100
'
101
VILLAGE
OF DEERFIELD, ILLINOIS
LONG-TERM DEBT
REQUIREMENTS
CORPORATE
PURPOSE BONDS, SERIES
1982
'
APRIL 30,
1983
Date of
Issue
October 1,
1982
Date of
Maturity
December
1, 1994
'
Authorized
Issue
$500,000
Actual
Issue
$500,000
Denomination
of Bonds
$ 5,000
Interest
Rate
10.25% -
9.60%
'
Principal
Payment Date
December
1
Interest
Payable
Dates
at
June 1 and.December 1
The Northern Trust Company
,
PRINCIPAL AND INTEREST REQUIREMENTS
Tax
'
Levy
Coupons
Due on
Year
Principal
Interest
Total
June 1
Amount
Dec. 1
Amount
'
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
209481
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
'
102
11
11
1
1
CAI
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
CORPORATE PURPOSE BONDS, SERIES 1982 - A
AP RIL 30, 1983
Date of Issue
Date of Maturity
Authorized Issue
Actual Issue
Denomination of Bonds
Interest Rate
Principal Payment Date
Interest Dates
Payable at
December 1, 1982
December 1, 1993
$500,000
$500,000
$ 5,000
7.0% - 8.5%
December 1
June 1 and December 1
American Fletcher National
Bank, Indianapolis
PRINCIPAL AND INTEREST REQUIREMENTS
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
78,750
1987
14,375
1987
14,375
1987
50,000
24,750
74,750
1988
12,375
1988
12,375
1988
50,000
20,750
70,750
1989
10,375
1989
10,375
1989
50,000
16,750
66,750
1990
8,375
1990
8,375
1990
50,000
12,750
62,750
1991
6,375
1991
6,375
1991
50,000
8,500
58,500
1992
4,250
1992
4,250
1992
50,000
4,250
54,250
1993
2,125
1993
2,125
$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
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
103
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
1
1
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
105
Date of Issue
Date of Maturity
Actual Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
VILLAGE OF DEERFIELD, ILLINOIS
LONG-TERM DEBT REQUIREMENTS
WATER REVENUE BOND SERIES OF 1959
AP RIL 30, 1983
April 1, 1959
May 1, 1989
$545,000
1-545 @ $1,000
5% - 4.25%
November 1 - May 1
May 1
LaSalle National Bank Chicago
PRINCIPAL AND INTEREST REQUIREMENTS
Year
Bond
Coupons
Due on
Ended
Numbers
' Principal
Interest
Total
Nov. 1
Amount
May 1
Amount
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
1986
411-440
30,000
5,738
35,738
1985
2,869
1986
2,869
1987
441-475
35,000
4,462
39,462
1986
2,231
1987
2,231
1988
476-510
35,000
2,976
37,976
1987
1,488
1988
1,488
1989
511-545
35,000
1,488
36,488
1988
744
1989
744
$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
Legal Debt Margin
$236,944,178
$ 20,436,435
$ 625,000
1,175,000
150,000
500,000
500,000
325,000
28,700
$ 3,303,700
$ 17,132,735
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7
108
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
2,273
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$30 i
Hillary Jenkins
4,804
2,023
6,827
Larry Rick
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
o
$469,238
$75,842
$22,429
$522,651
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