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AFR (Year Ended April 30, 1976) 1 1 VILLAGE OF OAKBROOK, ILLINOIS 1 3 1 m b 1 me. i2Ggg 5 �� ds � k Financial ReportAnnual Year Ended April 30, 1976 i ANNUAL FINANCIAL REPORT Village of Oak Brook, Illinois Year ended April 30, 1976 PRESIDENT George B. Howell CLERK Marianne Lakosil TRUSTEES Frederick W. Brown Wence F. Cerne George Congreve Eldon K. Glaves Arthur W. Philip Joseph H. Rush VILLAGE MANAGER Kenneth G. Carmignani i 1 1 PART I Letter Report of the Village Manager PART II Accountants' Report Index to Financial Statements Financial Statements PART III Index to Financial Statistics Financial Statistics 1 VILLAGE OF OAK BROOK, ILLINOIS Annual Financial Report Year ended April 30, 1976 TABLE OF CONTENTS Exhibit Part I - Introductory Section: Letter Report of the Finance Director Part II - Financial Statements: Accountants' Report Index to Financial Statements Combined Statements: Balance Sheet - All Funds, April 30, 1976 . . . . . . . . . . . . . . AA Statement of Revenue - General and Special Revenue Funds (and Comparison with Estimated Revenue) , year ended April 30, 1976 • BB Statement of General Governmental Expenditures - General and Special Revenue Funds (and Comparison with Appropriations) , year ended April 30, 1976 . . . . . . . . . . . . . . . . . . . . . CC Interfund Accounts, April 30, 1976 . . . . . . . . . . . . . . . . . . DD Bonds Payable, April 30, 1976 . . . . . . . . . . . . . . . . . . . . EE Corporate Fund: Balance Sheet, April 30, 1976 . . . . . . . . . . . . . . . . . . . . A Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Fund Balance, year ended April 30, 1976 • A-1 Statement of Detailed Revenue (and Comparison with Estimated Revenue) , year ended April 30, 1976 . . . . . . . . . . . . . . . . . . . . . A-2 Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , 1year ended April 30, 1976 . . . . . . . . . . . . . . . . . . . . . A-3 Statement of Capital Outlay (and Comparison with Appropriations) , year ended April 30, 1976 . . . . . . . . . . . . . . . . . . . . . A-4 2 TABLE OF CONTENTS jExhibit Special Revenue Funds: Combinbed Balance Sheet, April 30, 1976 . B Balance Sheet, April 30, 1976: Motor Fuel Tax Fund . . . . . . . . . . . . . : . . . . . . . . C Federal Revenue Sharing Trust Fund D Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Fund Balance, year ended April 30, 1976: Motor Fuel Tax Fund . . . . C-1 Federal Revenue Sharing Trust Fund . . . . . . . . . . . . . . . . D-1 Capital Projects Fund: Balance Sheet, April 30, 1976 . . . . . . . . . . . . . . . . . . . . E Statement of Revenue and Expenditures and Fund Balance, year ended April 30, 1976 . . . . . . . . . . . . . . . . . . . . . E-1 tEnterprise Fund - Waterworks System Fund: Balance Sheet, April 30, 1976 . . . . . . . . . . . . . . . . . . . . F Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) , year ended April 30, 1976 . . . . . . . . . . . . . F-1 Statement of Changes in Fund Balance, year ended April 30, 1976 . F-2 Statement of Changes in Financial Position (Operation and Maintenance Account Only) , year ended April 30, 1976 . . . . . . . . . . . . . . . . . . . . F-3 Operating Expenditures and Summary of Capital Outlay (and Comparison with Appropriations) , year ended April 30, 1976 . . . . . . . . . . . . . F-4 Plant and Equipment and Accumulated Depreciation and Amortization, year ended April 30, 1976 . . . . . . . . . . . . . . . . . . . . . F-5 Trust and Agency Funds: Combined Balance Sheet, April 30, 1976 G Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Reserve for Funded Obligations, year ended.April 30, 1976: Police Pension Fund • • • 1 G-1 Firemen's Pension Fund . . . . . . . . . . . . . . . . . . . . . . G-2 General Fixed Assets: Statement of General Fixed Assets, April 30, 1976 . . . . . . . . . . . . . . . . . . . . . . . . . . . H Statement of Changes in Investment in General Fixed Assets, year ended April 30, 1976 . . . . . . . . . . . . . . . . . . . . . H-1 3 TABLE OF CONTENTS Exhibit General Long-term Debt: Statement of General Long-term Debt, April 30, 1976 . . . . . . . . . . . . . . . . . . . . . . . . . . . I Notes to Financial Statements i Table Part III - Financial Statistics: Index to Financial Statistics General Governmental Expenditures by Function, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . 1 General Revenue by Source: Last Ten Fiscal Years 1 . . . . . . . . . 2 Assessed and Estimated Actual Value of Taxable Property, Last Ten Fiscal Years . . . . . . . . . . . . . . . 3 Property Tax Rates - All Overlapping Governments (per $100.00 Assessed Valuation) , Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . 4 Property Tax Levies - All Overlapping Governments, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . 5 Computation of Legal Debt Margin, April 30, 1976 • • 6 Computation of Direct and Overlapping Debt, April 30, 1976 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Building Permit Data, Last Ten Calendar Years 8 Schedule of Insurance in Force, April 30, 1976 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Miscellaneous Statistical Data, April 30, 1976 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 PART I LETTER REPORT OF THE VILLAGE MANAGER �� 2 f VILLAGE OF OAK BROOK 1200 . OAK BROOK ROAD OAK BROOK, ILLINOIS September 28, 1976 654-2220 President and Board of Trustees Village of Oak Brook Oak Brook, Illinois Gentlemen: I am pleased to present the annual financial report of the Village of Oak Brook, Illinois for the fiscal year ended April 30, 1976. The report consists of three sections: Part I — Letter of transmittal. Part I1 — The audited financial statements for the fiscal year ended April 30, 1976 and the accompanying opinion of the independent accountants, Peat, Marwick, Mitchell & Co. Part III — Comparative statistical data and schedules which contribute to the value of the report as an official reference document. This letter describes the significant aspects of financial operations during the 1 year. It is my hope that this report will materially assist the Board of Trustees, Village officials and personnel and our citizens in better understanding the financial activities and transactions relating to our Village Government. General Governmental Revenue and Expenditures Revenue for general governmental functions totaled $2,948,239, an increase of $144,839, or 5.2%. Intergovernmental revenue is the major revenue source for the Village producing 79.5% of current ,year general governmental revenue as compared with 76.8% last year. Intergovernmental revenue increased 8.7% compared to 1975. The amount of revenue from various sources and the increase (decrease) over last year are shown in the following tabulation: 2 Increase Percent (Decrease) Revenue Source Amount of total over 1975 Intergovernmental revenue $ 2,342,574 79.5% $ 189,068 Licenses and permits 97,815 3.3 34,783 Charges for services 159,909 5.4 95,605 Fines and penalties 57,026 1.9 6,377 1 Interest on investments 114,303 3.9 (88,606) Miscellaneous 69,612 2.4 (103,388) Transfer from Waterworks System Fund 107,000 3.6 11,000 $ 2,948,239 100.0% $ 144,839 The Village has never levied taxes for corporate purposes. However, the assessed valuation of the Village was $148,802,609, an increase of $12,443,259, or 9.1% over the prior year. Expenditures for general governmental purposes for the year ended April 30, 1976 were $3,123,316, an increase of $204,683, or 7.0%over last year. Increase (decrease) in levels of expenditures for major functions of the Village over the preceding year are shown in the following tabulation: Increase Percent (Decrease) Function Amount of total over 1975 General government $ 707,684 22.6% $ 155,638 Public safety 1,679,787 53.8 195,662 Public works 645,335 20.7 (181,918) Health and welfare 11,873 0.4 4,791 Culture and recreation 78,637 2.5 30,510 $ 3,123,316 100.0% $ 204,683 Included in the $3,123,316 are capital outlay expenditures amounting co $583,049.78. Bond Debt Administration The Village has no general obligation bond debt. Outstanding revenue bonds of the Waterworks System Fund at April 30, 1976 and the scheduled maturities thereon are presented in Exhibit EE. 3 Independent Audit The Illinois Statutes require an annual audit of the financial statements of the various funds and account groups of the Village. This requirement has been complied with and the opinion of the independent public accountants is included in Part II of this report. Acknowledgements I wish to express my appreciation to the members of the Finance Department and other department heads of the Village who have made possible the publication of this report. Respectfully submitted, C', o Kenneth G. Carmignani Village Manager 1 1 1 1 1 ' PART II FINANCIAL STATEMENTS 1 1 1 1 1 i 1 1 PEAT. MARWICK, MITCHELL & CO. CERTIFIED PUBLIC ACCOUNTANTS 222 SOUTH RIVERSIDE PLAZA CHICAGO, ILLINOIS 60606 President, Board of Trustees and Village Manager Village of Oak Brook Oak Brook, Illinois: We have examined the financial statements of the several funds and account groups of the Village of Oak Brook, Illinois as of and for the year ended April 30, 1976, as listed under the exhibits in the accompanying 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 reserves for actuarial deficiency for prior service costs in the Police Pension Fund and Firemen's Pension Fund are presented in accord- ance with information submitted by the State Department of Insurance, as more fully explained in the notes to financial statements. In our opinion, relying upon the information submitted by the State Depart- ment of Insurance mentioned above, the aforementioned financial statements present fairly the financial position of the several funds and account groups of the Village of Oak Brook, Illinois at April 30, 1976 and the results of their operations and the changes in financial position of the Waterworks System Fund for the year then ended, in conformity with gener- ally accepted accounting principles applied on a basis consistent with that of the preceding year after restatement for the changes, with which we concur, resulting from the adoption of the American Institute of Certified Public Accountants' State and Local Governmental Audit Guide, as described in notes 1 and 2(b) of notes to financial statements. 1 June 11, 1976 PART II INDEX TO FINANCIAL STATEMENTS GENERAL INDEX Exhibit Combined Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . AA - EE Corporate Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A iSpecial Revenue Funds: Combined Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . B Motor Fuel Tax Fund . . . . . . . . . . . . . . . . . . . . . . . . . C Federal Revenue Sharing Fund . . . . . . . . . . . . . . . . . . . . . D Capital Projects Fund . . . . . . . . . . . . . . . . . . . . . . . . . . E Enterprise Fund - Waterworks System Fund . . . . . . . . . . . . . . . . F Trust and Agency Funds. . . . . . . . . . . . . . . . . . . . . . . . . . G General Fixed Assets . . . . . . . . . . . . . . . . . . . . . . . . . . H General Long-term Debt . . . . . . . . . . . . . . . . . . . . . . . . . I Notes to Financial Statements Exibit AA VILLAGE OF OAK BROOK, ILLINOIS All Funds Balance Sheets April 30, 1976 Special Capital Waterworks Trust and General General I Corporate Revenue Projects System Agency Fixed Long-term Fund Funds Fund Fund Funds Assets Debt Assets (Exhibit A) (Exhibit B) (Exhibit E) (Exhibit F) (Exhibit G) (Exhibit H) (Exhibit I) Cash $ 15,616.06 66.38 _ 2,302,25 575.92 Savings account 36,500.00 66,565.00 38,593.26 Certificates of deposit 1,662,500.00 100,000.00 - 497,350.00 1,080,000.00 - - Securities purchased under agreement to resell 50,000.00 _ _ 48,900.00 - Accrued interest receivable 7,563.21 3,502.70 13,533.22 Sales tax receivable 462,500.00 - - - - - Motor fuel tax allotments receivable _ 5,448.08 - - Accounts receivable - customers 33,288.37 Unbilled water revenue, estimated - - - 98,825.66 - - - State income taxes receivable 6,779.59 - _ __ Assessed fines receivable 3,600.00 Accounts receivable - other 1,885.63 5,026.29 Due from other funds 312.80 - 3,163.10 - 18,456.88 - - Acquisition and construction account assets - - - revenue bonds of 1973 - - - 166,393.53 - Inventory of equipment - - - 14,583.00 - - - Fixed assets, net of accumulated depreciation _ _ _ 3,157,842.97 _ 6,236,054.27 Unamortized bond discount 57,247.83 Amounts to be provided from future revenues and other sources - - - - 159,116.20 - 2,097,039.69 $ 2,247,257.29 172,079.46 3,163.10 4,085,262.60 1,310,275.48 6,236,054.27 2.097,039.69 Liabilities Accounts payable 274,815.28 13,176.11 1,889.70 19,928.60 Contract retainages 25,221.48 - 1,273.40 32,000.00 Accrued pension expense - - - - 481.75 - - Deposits - - _ 700.00 Due to other funds 18,456.88 3,163.10 312.80 Bonds payable - - - 3,250,000.00 - - - Payable from future revenues and other sources: - Notes payable - - - - - 1,494,185.34 Interest on notes payable - - - - - - 292,412.67 Contracts payable - - - - - - 310,441.68 Reserves: Funded obligations: Statutory - - - - 1,144,386.05 - - Excess - - - - 6,291.48 - - Unfunded actuarial deficiency for prior service costs - - - - 159,116.20 - - Fund balances: - Restricted accounts - - - 508,429.10 - - Equity in fixed assets - - - 125,818.80 - 6,236,054.37 - Unappropriated 1,928,763.65 155,740.25 - 148,073.30 - - - $ 2,247,257.29 172,079.46 3,163.10 4,085,262.60 1,310,275.48 6,236,054.37 2,097,039.69 See accompanying notes to financial statements. Exhibit BB VILLAGE OF OAK BROOK, ILLINOIS General and Special Revenue Funds Combined Statement of Revenue (and Comparison with Estimated Revenue) Year ended April 30, 1976 Actual Estimated Actual over (under) Source and Fund revenue revenue estimated Intergovernmental revenue: General $ 2,179,000.00 2,207,880.96 28,880.96 Special revenue 85,000.00 134,693.19 49,693.19 jTotal intergovernmental revenue 2,264,000.00 2,342,574.15 78,574.15 Licenses and permits - General 102,700.00 97,815.34 (4,884.66) Charges for services - General 64,000.00 159,908.90 95,908.90 Fines and penalties - General 55,000.00 57,025.70 2,025.70 Interest on investments: General 96,000.00 101,970.80 5,970.80 Special revenue 10,000.00 12,332.36 2,332.36 Total interest earned on investments 106,000.00 114,303.16 8,303.16 1 Miscellaneous - General 83,000.00 69,612.41 (13,387.59) Transfer from Waterworks System Fund 108,000.00 107,000.00 (1,000.00) Total revenue $ 2.782.700.00 2.948,239.66 165.539.66 See accompanying notes to financial statements. Exhibit CC VILLAGE OF OAK BROOK, ILLINOIS General and Special Revenue Funds Combined Statement of General Governmental Expenditures (and Comparison with Appropriations) IYear ended April 30, 1976 (Over) under Function and Fund Appropriations Expenditures expended General government - General $ 844,705.00 707,683.51 137,021.49 Public safety - General 1,770,610.00 1,679,787.50 90,822.50 Public works: General 825,021.00 486,061.08 338,959.92 Motor Fuel Tax 159,273.90 (159,273.90) 825,021.00 645,334.98 179,686.02 Health and welfare - General 8,910.00 11,873.00 (2,963.00) Culture and recreation: General 1289910.00 38,391.69 90,518.31 Federal Revenue Sharing - 40,244.90 (40,244.90) 128,910.00 78,636.59 50,273.41 Total expenditures $ 3,578,156.00 3,123,315.58 454,840.42 See accompanying notes to financial statements. Exhibit DD LVILLAGE OF OAK BROOK, ILLINOIS Interfund Accounts April 30, 1976 Due from Due to other other Fund funds funds Corporate: Waterworks System $ 312.80 - Police Pension 8,724.83 Firemen's Pension - 9,732.05 Total Corporate 312.80 18,456.88 I Special Revenue - Federal Revenue Sharing - Capital Projects - 3,163.10 Capital Projects - Federal Revenue Sharing 3,163.10 - Waterworks System Fund - Corporate - 312.80 Trust and Agency: Police Pension - Corporate 8,724.83 - Firemen's Pension - Corporate 9,732.05 - Total Trust and Agency 18,456.88 - 21,932.78 See accompanying notes to financial statements. Exhibit EE VILLAGE OF OAK BROOK, ILLINOIS Bonds Payable April 30, 1976 Waterworks revenue bonds of 1973 Interest rate 6%, 5.20%, 5.10%, 5%, 4% Interest dates November 1 and May 1 Amount of original issue $ 3,300,000.00 Redemption 50,000.00 Bonds outstanding April 30, 1976 $ 3,250,000.00 Principal Interest Total Maturing as follows, year ending April 30: 1977 $ 75,000.00 165,100.00 240,100.00 1978 100,000.00 160,600.00 260,600.00 1979 100,000.00 154,600.00 254,600.00 ' 1980 100,000.00 148,600.00 248,600.00 1981 125,000.00 142,600.00 267,600.00 1982 1259000.00 135,100.00 260,100.00 1983 125,000.00 128,725.00 253,725.00 1984 125,000.00 122,225.00 247,225.00 1985 150,000.00 115,725.00 265,725.00 1986 150,000.00 108,075.00 258,075.00 1987 150,000.00 100,575.00 250,575.00 1988 175,000.00 93,075.00 268,075.00 1989 175,000.00 84,325.00 259,325.00 1990 200,000.00 75,400.00 275,400.00 1991 200,000.00 65,200.00 265,200.00 1992 200,000.00 54,800.00 254,800.00 1993 225,000.00 44,400.00 269,400.00 1994 225,000.00 32,700.00 257,700.00 1995 250,000.00 21,000.00 271,000.00 1996 275,000.00 11,000.00 286,000.00 $ 3,250,000.00 1,963,825.00 5,213,825.00 See accompanying notes to financial statements. Exhibit A ' VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Balance Sheet April 30, 1976 Assets ' Cash $ 15,616.06 Savings account 36 500.00 Certificates of deposit 1,662,500.00 Securities purchased under agreement to resell 50,000.00 Accrued interest receivable 7,563.21 Sales taxes receivable 462,500.00 State income taxes receivable 6,779.59 Assessed fines receivable 3,600.00 Accounts receivable other 1,885.63 Due from other funds 312.80 $ 2,247,257.29 ' Liabilities Accounts payable 274,815.28 Contract retainages 25,221.48 Due to other funds 18,456.88 Fund balance 1,928,763.65 ' $ 2.247,257.29 See accompanying notes to financial statements. Exhibit A-1 1 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund ' Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Fund Balance ' Year ended April 30, 1976 Estimated revenue and appropriations Actual Revenue (Exhibit A-2) : Municipal sales tax $ 2,060,000.00 2,103,221.21 ' Illinois state income tax 44,000.00 53,281.80 York Township road and bridge tax 75,000.00 51,377.95 Service charges 64,000.00 159,908.90 ' Licenses and permits 102,700.00 97,815.34 Fines and penalties 55,000.00 57,025.70 Miscellaneous 179,000.00 171,583.21 ' Transfer from Waterworks System Fund 108,000.00 107,000.00 Total revenue 2,687,700.00 2,801,214.11 ' Expenditures: Operating (Exhibit A-3) : Legislative 14,526.00 16,708.54 General government 609,579.00 466,583.82 Public safety 1,687,700.00 1,599,249.05 Public works 579,171.00 255,377.06 Health and welfare 8,910.00 11,873.00 Culture and recreation 70,995.00 - 27,688.06 2,970,881.00 2,377,479.53 Capital outlay (Exhibit A-4) : General government 220,600.00 224,391.15 Public safety 82,910.00 80,538.45 Public works 245,850.00 230,684.02 Culture and recreation 572915.00 10,703.63 607,275.00 546,317.25 Total expenditures 3,5782156.00 2,923,796.78 Excess (deficiency) of revenue over expenditures $ (890,456.00) (122,582.67) Fund balance April 30, 1975, as reported 213,312.00 Prior year adjustments: Village Hall loan transfer to General ' Long-term Debt 1,412,134.14 Sales taxes receivable, accrued interest and other 425,900.18 Fund balance April 30, 1975, as restated 2,051,346.32 Fund balance April 30, 1976 $ 1,928,763.65 See accompanying notes to financial statements. Exhibit A-2 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Detailed Revenue (and Comparison with Estimated Revenue) Year ended April 30, 1976 Estimated revenue Actual ' Municipal sales tax $ 2,060,000.00 2,103,221.21 Illinois state income tax 44,000.00 53,281.80 ' York Township road and bridge tax 75,000.00 51,377.95 Service charges: Plan review fees 1,500.00 50,129.44 Special police service 8,000.00 18,785.20 Special fire service 27,000.00 18,714.72 Engineering inspection fees 10,000.00 43,485.76 Police training reimbursement 4,500.00 8,444.88 Fire training reimbursement 555.36 Zoning fees 1,500.00 4,639.00 Recording of legal instruments 150.00 239.00 Miscellaneous 11,350.00 14,915.54 64,000.00 159,908.90 Licenses and permits: Liquor 31,000.00 34,070.00 Electrical 8,000.00 20,956.50 Building structure 15,000.00 17,942.34 Vending machine 5,000.00 6,141.50 Elevator 3,200.00 4,796.00 Plumbing 4,000.00 4,416.00 Garbage 1,500.00 1,500.00 Business 30,000.00 Miscellaneous 5,000.00 7,993.00 102,700.00 97,815.34 Fines and penalties: Assessed by courts 40,500.00 42,845.60 Assessed by Village 14,500.00 14,180.10 55,000.00 57,02.5.70 Miscellaneous: Interest on investments 96,000.00 101,970.80 Reimbursement for loss 2,000.00 3,361.31 Construction reimbursements 70,000.00 59,618.39 Foreign fire insurance tax 6,000.00 4,308.16 Miscellaneous 5,000.00 2,324.55 179,000.00 171,583.21 ' Transfer from Waterworks System Fund 108,000.00 107,000.00 Total revenue $ 2,687,700.00 2,801,214.11 See accompanying notes to financial statements. Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund ' Statement of Detailed Operating Expenditures (and Comparison with Appropriations) Year ended April 30, 1976 Appropriations Actual Legislative: Board of Trustees: Salaries and wages $ 5,170.00 4,645.08 Advertising 600.00 405.98 Entertainment 1,270.00 972.49 Bond coverage 80.00 75.24 Workmen's compensation insurance 30.00 42.30 FICA taxes 150.00 68.43 Rental of buildings 50.00 - Dues and membership 141.00 309.00 Other commodities 220.00 493.44 Other contractual services 317.90 7,711.00 7,329.86 1 Plan commission: Salaries and wages 264.00 1,478.76 Professional services 1,120.00 - Printing 200.00 31.41 Dues and membership 55.00 696.00 Other commodities 55.00 Other contractual services - 72.66 1 FICA taxes - 55.97 1,694.00 2,334.80 Board of Firemen and Police: 1 Medical and hospital services 450.00 - Professional services 885.00 460.00 Advertising 100.00 13.50 Other contractual services 50.00 - Rental of equipment 50.00 - Dues and membership 77.00 75.00 Other commodities 55.00 8.60 1,667.00 557.10 Zoning Board of Appeals: Salaries and wages 264.00 873.15 Advertising 450.00 1,393.54 Other contractual services 2,685.00 3,978.87 Other commodities 55.00 4.50 Postage - 9.10 Other professional services - 227.62 3,454.00 6,486.78 Total legislative $ 14,526.00 16,708.54 (Continued) ' 2 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual General Government: Legal: Legal services $ 33,000.00 71,914.18 Court cost and litigation 11,000.00 10,451.81 44,000.00 82,365.99 Village Manager's Office: Salaries and wages 74,360.00 64,577.13 Telephone and telegraph 350.00 690.99 Postage 40.00 116.06 Travel expenses 600.00 23.40 ' Automotive equipment maintenance 250.00 117.00 Office equipment maintenance 40.00 193.80 Medical and hospital 100.00 110.00 Professional services 1,720.00 700.00 ' Advertising 300.00 31.05 Printing 200.00 416.03 Photographing 50.00 - Training expenses 200.00 60.00 Entertainment 400.00 501.36 Other contractual services 3,700.00 2,689.40 Public liability 135.00 260.31 Automobile insurance 300.00 281.17 Bond coverage 100.00 296.04 Workmen's compensation insurance 400.00 573.53 Pension contribution 8,265.00 7,353.94 FICA taxes 100.00 312.04 Medical and life insurance 2,120.00 2,049.53 ' License fees 10.00 5.00 Dues and membership 500.00 649.00 General office supplies 400.00 1,285.21 Periodicals and books 200.00 164.67 Medical and laboratory supplies 10.00 .91 Tools 10.00 4.83 Gas and oil 744.00 490.21 Automotive equipment materials 200.00 223.61 Duplicating and drafting supplies 10.00 14.66 Other commodities 10.00 1.89 ' Rental of equipment - 669.24 $ 95,824.00 84,862.01 ' (Continued) 3 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund ' Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Elections: Salaries and wages $ 440.00 67.50 ' Advertising 50.00 40.95 Printing 445.00 36.60 Rental of equipment 55.00 46.50 ' Food 55.00 40.00 - Postage 1.05 1,045.00 232.60 ' Finance and accounting: Salaries and wages 58,020.00 65,274.86 Telephone and telegraph 750.00 1,174.85 ' Postage 2,500.00 3,667.27 Office equipment maintenance 300.00 384.36 Fiscal agent service 360.00 301.57 Auditing services 5,000.00 8,834.90 Advertising 125.00 83.28 Printing 500.00 390.20 ' Entertainment 200.00 71.25 Other contractual services 14,175.00 12,548.03 Liability and property 325.00 626.59 Bond coverage 175.00 162.37 Workmen's compensation insurance 225.00 319.67 Pension contribution 7,480.00 6,609.55 FICA taxes 132.00 189.32 Medical and life insurance 3,168.00 3,055.30 Rental of equipment 5,500.00 6,805.14 Dues and membership 75.00 55.00 ' General office supplies 2,425.00 2,273.52 Periodicals and books 100.00 50.09 Regulatory supplies 100.00 55.78 Duplicating and drafting supplies 425.00 1,069.60 Travel expense _ 43.67 Medical and hospital service 200.00 Training - 12.50 Household institutional supplies _ 511.44 Other commodities 6.50 $ 102,060.00 114,776.61 (Continued) 4 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued ' Appropriations Actual Engineering: Salaries and wages $ 54,230.00 46,356.14 ' Telephone and telegraph 450.00 690.99 Travel expenses 300.00 144.40 Automotive equipment maintenance 50.00 33.50 Office equipment maintenance 160.00 255.95 Other equipment maintenance 80.00 2.78 Engineering services 4,000.00 4,102.40 Medical services 100.00 - Professional services 8,332.00 1,983.00 Recording fees 50.00 365.00 Advertising 50.00 32.95 Postage - 250.43 Printing 40.00 9.92 Photographing 350.00 791.41 Training expenses 600.00 280.71 Entertainment 90.00 17.25 Liability and property insurance 150.00 284.92 ' Automobile insurance 171.00 158.41 Bond coverage 48.00 43.56 Workmen's compensation insurance 260.00 368.26 Pension contribution 6,256.00 5,377.83 ' FICA taxes 110.00 88.81 Medical and life insurance 1,300.00 1,195.38 Rental of equipment 200.00 934.58 Dues and membership 200.00 216.50 Clothing allowance 20.00 Automobile allowance 50.00 4.65 ' License fees 10.00 5.00 General office supplies 250.00 546.62 Periodicals and books 150.00 125.11 Tools 50.00 25.03 Gas and oil 475.00 599.07 Automotive equipment materials 100.00 182.63 Other equipment materials 30.00 3.74 Duplicating and drafting supplies 655.00 388.87 $ 79,367.00 65,865.80 (Continued) ' 5 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Village Hall: Salaries and wages $ 5,500.00 - Telephone and telegraph - 1,184.58 Building maintenance 500.00 101.73 Other maintenance 1,000.00 380.58 Professional services 24,470.00 22,983.02 Electric light and power 1,000.00 2,896.29 Laundry services 9,000.00 12,200.09 ' Fire insurance 3,500.00 6,749.91 Liability and property insurance 300.00 577.78 Workmen's compensation insurance 80.00 113.76 FICA taxes 250.00 - ' Rental of equipment 5,033.00 3,048.05 Sanitation supplies 115.00 389.57 Medical and laboratory supplies 10.00 - ' Tools 25.00 118.09 Payment of installment contract 236,500.00 66,162.55 Other contractual services - 250.25 Other commodities - 1,324.56 287,283.00 118,480.81 Total General Government $ 609,579.00 466,583.82 (Continued) 6 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS ' Corporate Fund Statement of Detailed Operating Expenditures ' (and Comparison with Appropriations) , Continued Appropriations Actual Public Safety: Police Service: Salaries and -wages $ 638,940.00 585,299.42 Court time 8,600.00 11,135.59 Education incentive pay 11,800.00 11,400.00 Telephone and telegraph 2,900.00 7,318.59 Postage 1,000.00 861.63 ' Travel expenses 500.00 473.33 Automotive equipment maintenance 2,500.00 4,174.25 Office equipment maintenance 200.00 378.00 Other equipment maintenance 1,000.00 1,317.28 Medical services 2,600.00 2,730.00 Professional services 500.00 116.00 Advertising 50.00 70.85 ' Printing 1,600.00 2,249.55 Microfilming 300.00 Photographing 600.00 523.61 ' Laundry 200.00 10.50 Training expenses 8,010.00 6,579.75 Entertainment 150.00 60.95 ' Liability and property insurance 600.00 1,155.56 Automobile insurance 4,800.00 4,633.75 Bond coverage 500.00 467.30 Workmen's compensation insurance 5,650.00 8,261.74 ' Pension contribution 82,281.00 75,700.16 FICA taxes 180.00 161.78 Medical and life insurance 24,000.00 22,267.80 ' Rental of equipment 7,500.00 6,001.70 Court cost and litigation expenses 1,000.00 Dues and membership 400.00 210.50 Clothing allowance 8,000.00 7,951.08 License fees 180.00 51.00 General office supplies 1,800.00 1,873.99 Periodicals and books 550.00 675.51 ' Chemicals and ammunition 1,000.00 988.00 Sanitation supplies 150.00 152.21 Food 750.00 948.00 ' Institutional supplies 200.00 364.79 Regulatory supplies 1,200.00 1,224.05 Medical and laboratory supplies 1,200.00 1,179.98 ' Tools 100.00 61.44 Gas and oil 25,155.00 22,454.21 Building and materials 10.00 - Automotive equipment 5,200.00 6,291..07 ' Equipment 1,000.00 1,476.73 Duplicating and drafting supplies 1,175.00 1,003.85 Street sign material 500.00 500.00 ' Other commodities 200.00 232.71 Disinfectant and exterminating 34.00 ' $ 856,731.00 801,022.21 (Continued) 7 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS ' Corporate Fund Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Fire Service: Salaries and wages $ 559,140.00 528,387.83 Telephone and telegraph 3,695.00 2,942.30 Postage 325.00 471.14 Travel expenses 500.00 399.93 Building maintenance 1,500.00 2,424.33 Improvements other than building maintenance 500.00 742.63 Automotive equipment maintenance 1,500.00 1,542.38 ' Office equipment maintenance 150.00 45.00 Other equipment maintenance 1,000.00 1,054.49 Medical services 200.00 1,095.00 Professional services 500.00 1,425.00 Advertising 25.00 5.59 Printing 350.00 148.53 Photographing 100.00 457.84 Laundry services 300.00 640.35 Training expenses 2,000.00 573.17 Other contractual services 500.00 526.00 Fire insurance 2,722.00 3,530.90 Liability and property insurance 1,928.00 3,710.33 Automobile insurance 4,390.00 4,110.62 Bond coverage 326.00 304.93 Workmen's compensation insurance 3,600.00 5,129.20 Pension contribution 97,274.00 87,093.44 FICA taxes 400.00 457.90 Medical and life insurance 18,000.00 21,826.38 Rental of equipment 1,000.00 483.47 ' Contributions 18,600.00 18,490.80 Dues and membership 225.00 146.00 Tuition reimbursement 2,500.00 701.50 Clothing allowance 6,000.00 5,820.33 License fees 60.00 55.00 General office supplies 500.00 587.01 Periodicals and books 250.00 461.63 Supplies 500.00 617.09 Chemicals and ammunition 2,000.00 979.10 Sanitation supplies 1,000.00 1,161.68 Heating and power 2,000.00 4,151.69 Institutional supplies 500.00 1,713.81 Medical and laboratory supplies 50.00 69.66 Tools 1,000.00 1,333.46 Gas and oil 1,500.00 3,388.29 Building materials 800.00 1,771.28 Improvements other than building materials 250.00 98.01 Engineering service - 362.50 Automotive equipment 6,700.00 4,990.65 Other equipment 500.00 732.95 Duplicating and drafting supplies 150.00 403.19 Other commodities 1,000.00 1,155.79 Reception entertainment 10.00 I $ 748,010.00 718,730.10 (Continued) 8 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Bureau of Inspection: Salaries and wages $ 72,115.00 66,029.00 Telephone and telegraph 450.00 1,104.30 Postage 100.00 282.48 Automotive equipment maintenance 150.00 - Office equipment maintenance 100.00 85.50 Printing 400.00 352.00 Photographing and blueprinting 50.00 115.99 Other contractual services 2,875.00 2,465.50 Public liability and property damage insurance 34.00 65.07 Automobile insurance 450.00 419.77 Bond coverage 32.00 31.68 Workmen's compensation insurance 493.00 501.99 Pension contribution 3,026.00 3,097.12 FICA taxes 260.00 2,358.17 Medical and life insurance 1,440.00 1,304.91 Dues and membership 50.00 80.00 License fees 10.00 5.00 General office supplies 250.00 472.02 I Periodicals and books 50.00 317.85 Gas and oil 200.00 Automotive equipment and materials 324.00 196.76 Duplicating and drafting supplies 100.00 25.50 Maintenance building materials 7.75 Licensing and regulatory supplies - 156.72 Rental of equipment - 21.66 82,959.00 79,496.74 Total Public Safety $ 1,687,700.00 1,599,249.05 (Continued) 1 9 Exhibit A-3 1 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Public Works: Administration: ' Salaries and wages $ 34,470.00 32,960.11 Telephone and telegraph 850.00 1,501.04 Postage 200.00 113.00 Travel expenses 200.00 16.40 Automotive equipment maintenance 100.00 16.00 Other equipment maintenance 800.00 408.75 1 Advertising 250.00 77.85 Printing 300.00 - Training expenses 740.00 66.34 Entertainment 200.00 7.00 Other contractual services 100.00 92.60 Fire and extended coverage insurance 2,341.00 3,036.71 Liability and property insurance 441.00 845.83 Automobile insurance 6,934.00 5,136.29 Bond coverage 101.00 95.04 Workmen's compensation insurance 5.00 6.28 Pension contribution 3,808.00 3,890.50 Medical and life insurance 1,500.00 1,792.31 Rental of equipment 700.00 880.25 Dues and memberships 100.00 85.00 General office supplies 680.00 475.59 Periodicals and books 100.00 17.61 Agricultural and horticultural supplies 150.00 - Sanitation supplies 200.00 45.23 Institutional supplies 200.00 270.17 Tools 200.00 47.87 Gas and oil 300.00 426.31 Automotive equipment maintenance supplies 150.00 295.69 License fees - 13.00 Improvements on the buildings - 25.00 Other contractual services _ 1,043.50 Rental building or rooms 8,412.24 $ 56,120.00 62,099.51 (Continued) 10 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS 1 Corporate Fund I Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual IStreet Maintenance: Salaries and wages $ 86,870.00 64,177.32 Improvements other than buildings 37,905.00 2,661.00 Automobile equipment maintenance 2,400.00 3,230.67 Other equipment maintenance 250.00 - Laundry and cleaning services 1,560.00 1,063.23 Tree service 1,350.00 1,482.50 Other contractual services 5,000.00 11,411.83 Workmen's compensation insurance 600.00 857.13 Pension contribution 10,991.00 7,724.66 FICA taxes 1,229.00 375.16 Medical and life insurance 3,600.00 3,155.03 Rental of equipment 43,400.00 48.00 Agricultural and horticultural supplies 500.00 395.13 Chemicals and ammunition 18,000.00 15,737.02 Tools 850.00 789.28 Gas and oil 5,500.00 4,100.72 Improvements other than building 4,000.00 316.85 Materials to maintain streets 24,775.00 7,191.45 Automotive equipment maintenance 4,400.00 8,006.81 Other equipment maintenance 2,900.00 4,177.99 Other commodities 400.00 372.53 License fees _ 45.00 Traffic control street sign 48.93 217,480.00 137,368.24 Street Light and Traffic Control: Salaries and wages 6,820.00 6,273.00 Improvements other than building 6,940.00 2,175.83 Electrical light and power 9,780.00 8,463.15 Workmen's compensation insurance 95.00 121.67 Tools 50.00 Gas and oil 50.00 - Other equipment maintenance 100.00 100.00 Traffic control material 4,420.00 4,267.90 28,255.00 21,401.55 Capital Improvements - payment of debt obligation $ 240,790.00 - (Continued) 11 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued i Appropriations Actual Municipal Garage: Salaries and wages $ 18,150.00 16,292.66 ' Automotive equipment maintenance 50.00 700.07 Automotive maintenance materials 200.00 Printing 50.00 - Laundry and cleaning services 336.00 265.70 Training expense 200.00 - Workmen's compensation insurance 155.00 223.56 Pension contribution 2,285.00 1,953.09 Medical and life insurance 720.00 705.74 General office supplies 50.00 80.49 Periodicals and books 75.00 67.83 Chemicals and ammunition 200.00 52.90 Sanitation supplies 500.00 679.50 Fuel 6,305.00 10,709.08 Medical and laboratory supplies 50.00 5.35 Tools 600.00 762.96 Gas and oil 4,000.00 (1,069.47) Building maintenance material 300.00 410.91 Automotive equipment maintenance 2,000.00 1,821.39 Other equipment maintenance 300.00 841.25 Other commodities - 4.75 ' 36,526.00 34,507.76 Total Public Works $ 579,171.00 255,377.06 Health and Welfare Pest Control: Contractual services 8,800.00 11,873.00 Chemicals and ammunitiion 110.00 - Total Health and Welfare, $ 8,910.00 11,873.00 (Continued) r 12 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Detailed Operating Expenditures 1 (and Comparison with Appropriations) , Continued Appropriations Actual Culture and Recreation - library: Salaries and wages $ 18,765.00 18,796.74 ' Telephone and telegraph 125.00 680.43 Postage 160.00 118.41 Travel expense 20.00 - Building maintenance service 330.00 - I Improvements services - other than building 175.00 - Office equipment maintenance 50.00 47.50 Architects fees and library remodeling 18,480.00 - Other professional services - 775.82 Laundry and cleaning services 2,400.00 Training expenses 20.00 - Other contractual services 20.00 57.50 Fire and extended coverage insurance 840.00 1,092.89 Liability and property damage insurance 116.00 219.66 Bond coverage 16.00 15.84 Workmen's compensation insurance 7.00 12.00 Pension contribution 2,136.00 2,067.41 FICA taxes 100.00 87.65 Medical and life insurance 720.00 689.69 Rental of equipment 300.00 646.67 Dues and memberships 40.00 32.50 General office supplies 145.00 85.65 Periodicals and books 1,280.00 936.90 Sanitation 150.00 150.00 Fuel 500.00 339.01 Licensing and regulatory supplies 1,000.00 714.88 Payment of debt obligation 23,100.00 Household supplies - 120.91 Total Culture and Recreation $ 70,995.00 27,688.06 Grand total $ 2,970,881.00 2,377,479.53 See accompanying notes to financial statements. Exhibit A-4 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Capital Outlay (and Comparison with Appropriations) Year ended April 30, 1976 Appropriations Actual General Government: Village Manager: Office furniture and fixtures $ 110.00 150.00 Office machine and equipment 648.00 110.00 798.00 Finance and Accounting - office machine and equipment - 274.95 Engineering: Office furniture and fixtures 295.00 71.21 Office machinery and equipment 130.00 129.95 Other machinery and equipment 65.00 64.00 490.00 265.16 Village Hall: Site improvements and landscaping 50,000.00 67,041.95 Furniture, furnishing and interior 170,000.00 144,632.73 Buildings 9,840.05 Other machinery and equipment 1,538.31 220,000.00 223,053.04 $ 220,600.00 224,391.15 Public Safety: Police Service: Replacement of police vehicles (five patrol vehicles at six month intervals) 33,805.00 20,271.80 Office machinery and equipment 950.00 305.30 Other furniture and fixtures 1,400.00 670.61 Other machinery and equipment 5,700.00 3,821.37 Office furniture and fixtures - 668.00 41,855.00 25,737.08 Fire Service: Buildings 5,000.00 24,809.39 Improvements other than buildings 1,500.00 2,870.33 Automotive equipment 20,700.00 17,000.00 Office furniture and fixtures 500.00 1,722.29 Other machinery and equipment 13,000.00 8,399.36 40,700.00 54,801.37 Bureau of Inspection: Improvements other than buildings 230.00 - Office furniture and fixtures 125.00 355.00 - $ 82,910.00 80,538.45 (Continued) 2 Exhibit A-4 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Statement of Capital Outlay (and Comparison with Appropriations) , Continued Appropriations Actual Public Works: Street Maintenance: Improvements other than buildings $ 11,000.00 1,906.74 Automotive equipment 2,500.00 - Other machinery and equipment 15,650.00 30,774.99 Buildings - 55,861.77 29,150.00 88,543.50 Capital Improvements: Engineering services 104,500.00 67,140.39 Improvements other than buildings 25,000.00 - Street improvements 68,500.00 51,939.08 198,000.00 119,079.47 Municipal Garage: Improvements other than buildings 18,700.00 17,473.25 Buildings 4,453.58 Office furniture and fixtures - 250.18 Other machinery and equipment - 884.04 18,700.00 23,061.05 $ _245,850.00 230.684.02 Culture and recreation: Library: Library books 11,000.00 10,703.63 Other furniture and fixtures 46,265.00 Other machinery and equipment 650.00 - ' $ 57.915.00 10.703.63 Total capital outlay $ 607.275.00 546.317.25 l See accompanying notes to financial statements. Exhibit B VILLAGE OF OAK BROOK, ILLINOIS 1 Special Revenue Funds Combined Balance Sheet April 30, 1976 Federal Motor Revenue Fuel Sharing Tax Fund Fund Assets Combined (Exhibit C) (Exhibit D) Cash $ 66.38 56.68 9.70 Savings account 66,565.00 39,850.00 26,715.00 Certificate of deposit 100,000.00 - 100,000,00 Allotments receivable 5,448.08 5,448.08 - Total assets $ 172,079.46 45,354.76 126,724.70 Liabilities Accounts payable 13,176.11 13,176.11 - Due to other funds 3,163.10 - 3,163.10 Fund balances 155,740.25 32,178.65 123,561.60 Total liabilities and fund balance $ 172,079.46 45,354.76 126,724.70 See accompanying notes to financial statements. Exhibit C VILLAGE OF OAK BROOK, ILLINOIS 1 Motor Fuel Tax Fund Balance Sheet April 30, 1976 Assets Cash $ 56.68 Savings account 39,850.00 Allotments receivable 5,448.08 Total assets $ 45,354.76 Liabilities Accounts payable 13,1 76.11 Fund balance 32,178.65 Total liabilities and fund balance $ 45.3�54�76 See accompanying notes to financial statements. Exhibit C-1 VILLAGE OF OAK BROOK, ILLINOIS ' Motor Fuel Tax Fund Statement of Revenue and Expenditures (and Comparison ' with Estimated Revenue and Appropriations) and Fund Balance Year ended April 30, 1976 Estimated revenue and appropriations Actual ' Revenue: Allotments from State of Illinois $ 48,000.00 55,071.19 Reimbursement from State of Illinois - 40,335.00 Interest earned 4,000.00 5,199.51 Total revenue 52,000.00 100,605.70 ' Expenditures: Street maintenance - 1,888.23 Street lighting _ 1,312.43 Engineering service 852.40 Construction payments to State of Illinois - 155,220.84 Total expenditures - 159,273.90 Excess (deficiency) of revenue over expenditures $ 52,000.00 (58,668.20) Fund balance April 30, 1975, as reported 87,856.21 ' Prior year adjustment - interest accrual 2,990.64 Fund balance April 30, 1975, as restated 90,846.85 Fund balance April 30, 1976 $ 32,178.65 ' See accompanying notes to financial statements. i jExhibit D VILLAGE OF OAK BROOK, ILLINOIS Federal Revenue Sharing Fund Balance Sheet April 30, 1976 ' Assets ' Cash $ 9.70 Savings account 26,715.00 Certificate of deposit 100,000.00 Total assets $ 1263724.70 Liabilities ' Due to other funds 3,163.10 Fund balance 123,561.60 Total liabilities and fund balance $ 126,724.70 i See accompanying notes to financial statements. Exhibit D-1 VILLAGE OF OAK BROOK, ILLINOIS Federal Revenue Sharing Fund I Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Fund Balance Year ended April 30, 1976 Estimated revenue and appropriations Actual Revenue: Entitlements from Federal Government $ 37,000.00 39,287.00 Interest on investments 6,000.00 7,132.85 Total revenue 43,000.00 46,419.85 ' Expenditures: Transfer to Capital Projects Fund - 36,732.53 Principal payment on note - 2,569.80 ' Interest payment on note _ 716.27 Other 226.30 Total expenditures - 40,244.90 Excess of revenue over expenditures $ 43,000.00 6,174.95 Fund balance April 30, 1975 117,386.65 Fund balance April 30, 1976 $ 123,561.60 See accompanying notes to financial statements. i 1 1 1 Exhibit E VILLAGE OF OAK BROOK, ILLINOIS 1 Capital Projects Fund Balance Sheet April 30, 1976 Assets ' Due from other funds $ 3,163.10 Liabilities Accounts payable 1,889.70 Contract retainages 1,273.40 Fund balance - $ 3,163.10 See accompanying notes to financial statements. 1 ' Exhibit E-1 VILLAGE OF OAK BROOK, ILLINOIS Capital Projects Fund ' Statement of Revenue and Expenditures and Fund Balance Year ended April 30, 1976 ' Revenue: Note proceeds $ 84,585.00 ' Transfer from Federal Revenue Sharing Fund 36,732.53 Total revenue 121,317.53 Expenditures: Capital outlay: Library renovation - building 84,585.00 Library terrace 13,515.00 Architectural fees 14,690.04 Furniture and fixtures 648.00 1 Other equipment 7,879.49 Total expenditures 121,317.53 Excess of revenue over expenditures - Fund balance April 30, 1975 - Fund balance April 30, 1976 $ See accompanying notes to financial statements. ' Exhibit F ' VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund Balance Sheet April 30, 1976 Operations Depreciation and Bond and Bond improvement Combined maintenance interest reserve and extension Surplus Assets total account account account account account Cash $ 2,302.25 2,014.38 149.22 50.00 38.68 49.97 Investments: Certificates of deposit 497,350.00 28,500.00 41,100.00 110,950.00 206,600.00 110,200.00 ' Securities purchased under agreement to resell 48,900.00 - 24,000.00 3,000.00 21,900.00 - Receivables: Customers: ' Billed water sales 33,288.37 33,288.37 Estimated unbilled water sales 98,825.66 98,825.66 Accrued interest 3,502.70 - - 1,164.84 2,060.10 277.76 Other 5,026.29 5,026.29 - - - - ' 140,643.02 137,140.32 - 1,164.84 2,060.10 277.76 Inventory of equipment 14,583.00 14,583.00 - - - - ' Due (to) from other Water Fund accounts - 18,777.00 (65,249.22) 5,384.03 (12,670.29) 53,758.48 Acquisition and construction account - revenue bonds of 1973: Cash 13.55 13.55 - - - - ' Investments 163,750.00 163,750.00 Accrued interest 2,629.98 2,629.98 Due from depreciation, improvement and extension account - 10,223.77 - - (10,223.77) - 166,393.53 176,617.30 - - (10,223.77) - 1 Plant and equipment at cost - waterworks plant and equipment, net - - - - of accumulated depreciation and amortization of $269,506.41 3,157,842.97 3,157,842.97 Unamortized bond discount 57,247.83 57,247.83 - - - - ' $ 4,085,262.60 3,592,722.80 - 120,548.87 207,704.72 164,286.21 Liabilities and Fund Balance Accounts payable 19,928.60 19,928.60 - - - - Contracts payable 32,000.00 32,000.00 - - - - Deposits 700.00 700.00 - - - - ' Due to other funds 312.80 312.80 52,941.40 52,941.40 Bonds payable - waterworks revenue bonds of 1973 due ' serially from May 1, 1977 to May 1, 1996 3,250,000.00 3,250,000.00 - - - - Fund balance: Restricted accounts 508,429.10 15,889.30 - 120,548.87 207,704.72 164,286.21 Equity in property, plant and equipment 125,818.80 125,818.80 - - Unappropriated 148,073.30 148,073.30 - - 782,321.20 289,781.40 - 120,548.87 207,704.72 164,286.21 $ 4,085,262.60 3,592,722.80 _ - 120,548.87 207,704.72 164,286.21 See accompanying notes to financial statements. Exhibit F-1 VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund ' Statement of Revenue and Expenditures Year ended April 30, 1976 Estimated revenue and appropriations Actual Operating revenue: Sale of water $ 595,000.00 689,553.50 Fire line water charges 70,000.00 79,443.24 Meter installations 10,000.00 6,525.00 1 Water connection charges 25,000.00 32,187.46 Other charges and penalties 17,000.00 12,689.86 717,000.00 820,399.06 Operating expenditures: Source of supply 11,084.00 6,225.33 ' Power and pumping 108,129.00 103,380.83 Purification 25,790.00 18,148.52 Transmission and distribution 80,426.00 73,202.16 ' Reimbursement to Corporate Fund for services 27,100.00 26,850.00 252,529.00 227,806.84 ' Net operating revenue before depreciation 464,471.00 592,592.22 Provision for depreciation - 94,086.91 Net operating revenue after depreciation 464,471.00 498,505.31 ' Other income (expense) : Bond interest expense (262,200.00) (168,100.00) Interest on investments 15,000.00 30,187.83 Amortization of bond discount - (2,862.39) Fiscal agent's fees (220.00) (223.00) (247,420.00) (140,997.56) 1 Net revenue $ 217,051.00 357,07 75 See accompanying notes to financial statements. Exhibit F-2 ' VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund ' Statement of Changes in Fund Balance ' Year ended April 30, 1976 Operations and maintenance account Depreciation, ' Acquisition improvement Equity in and Bond and Bond and Combined plant and construction interest reserve extension Surplus ' total Unappropriated equipment account account account account account Balance April 30, 1975, as reported $ 646,850.02 646,850.02 - - - - - - Reclassifications - (361,786.33) (23,971.41) 3,035.55 - 78,000.00 148,000.00 156,722.19 Adjustments: Bond interest expense, net (225,028.00) (225,028.00) - - - - - - Unbilled water receivable, accrued - interest and other 72,545.87 67,707.30 23,258.19. - 865.47 1,194.28 520.63 Net additions (deductions) (152,482.13) (519,107.03) (23,971.41) 5,293.74 - 78,865.47 149,194.28 157,242.82 Balance April 30, 1975, as adjusted 494,367.89 127,742.99 (23,971.41) 5,293.74 - 78,865.47 149,194.28 157,242.82 ' Net revenue 357,507.75 357,507.75 - - - - - - Transfers in accordance with bond ordinance - (502,520.54) - - 218,100.00 36,000.00 168,270.54 80,150.00 ' Redistribute: Provision for depreciation - 94,086.91 (94,086.91) - - - - - Bond discount amortization - 2,862.39 (2,862.39) - - - - - ' Capital outlay provided from: - - Operations and maintenance - (75,028.19) 75,028.19 - - - Depreciation, improvement and extension - - 121,711.32 - - - (121,711.32) - Payment of bond interest - 168,100.00 - - (168,100.00) - - - Capitalization of bond principal payments - - 50,000.00 - (50,000.00) - - - Transfer to Corporate Fund (80,150.00) _ _ - (80,150.00)_ (80,150.00) Interest on investments 10,595.56 10,595.56 Redistribution of interest ' on investments pursuant to - bond ordinance - - -(24,678.01) 5,683.40 11,951.22 73043.39 Net additions 287,953.31 20,330.31 149,790.21 10,595.56 - 41,683.40 58,510.44 7,043.39 Balance April 30, 1976 $ 782,321.20 148,073.30 125,818.80 15,889.30 - 120,548.87 207,704.72 1644286.21 ' See accompanying notes to financial statements. Exhibit F-3 VILLAGE OF OAK BROOK, ILLINOIS 1 Waterworks System Fund Statement of Changes in Financial Position (Operations and Maintenance Account only) Year ended April 30, 1976 ' Funds provided: Net revenue (Exhibit F-1) $ 357,507.75 Provision for depreciation and amortization of bond discount 96,949.30 Total funds provided $ 454,457.05 Funds used: ' Transfers in accordance with bond ordinance, net 334,420.54 Capital outlay 75 028.19 Redistribution of interest to other accounts pursuant to bond ordinance 24,678.01 434,126.74 Increase in working capital 20,330.31 ' $ 454,457.05 Increase (decrease) in various elements of working capital: Cash (39,290.62) Investments 18,500.00 ' Receivables 23,735.33 Due from other Water Fund accounts 18,777.00 Accounts payable (1,391.40) $ 20,330.31 See accompanying notes to financial statements. Exhibit F-4 1 VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund ' Operating Expenditures and Summary of Capital Outlay (and Comparison with Appropriations) Year ended April 30, 1976 Appropriations Actual ' Operating expenditures: Source of supply: Salaries and wages $ 5,073.00 4,190.43 Payroll taxes and insurance 174.00 48.39 Building maintenance 2,870.00 Equipment maintenance - 20.00 Other improvement maintenance 1,200.00 119.25 ' Telephone and telegraph - 382.67 Pension contribution 327.00 503.01 Medical and life insurance 65.00 146.68 ' Agricultural supplies 100.00 95.00 Sanitation supplies 250.00 26.05 Tools 100.00 436.92 ' Gas and oil 300.00 - Building maintenance materials 625.00 256.93 Total source of supply 11,084.00 6,225.33 Power and pumping: Salaries and wages 9,618.00 6,540.14 Payroll taxes and insurance 62.00 90.32 ' Equipment maintenance 30,000.00 23,925.45 Electric light and power 65,286.00 70,579.96 Laundry services 260.00 215.61 ' Pension contribution 1,135.00 674.26 Medical and life insurance 173.00 217.57 Sanitation supplies 100.00 - Tools 150.00 57.60 ' Gas and oil 200.00 388.96 Equipment maintenance materials 1,145.00 690.96 Total power and pumping 108,129.00 103,380.83 III , Purification: Salaries and wages 3,290.00 3,631.40 Payroll taxes and insurance 49.00 72.03 Postage 100.00 100.00 Equipment maintenance 500.00 362.80 Training expenses 100.00 - Pension contribution 893.00 485.54 Medical and life insurance 108.00 147.40 Chemicals 19,355.00 12,011.71 Drugs and laboratory supplies 300.00 202.41 Tools 50.00 55.45 Gas and oil 150.00 169.68 Equipment maintenance materials 550.00 910.10 Other 345.00 Total purification $ 25,790.00 18,148.52 ' (Continued) ' 2 Exhibit F-4 VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund Operating Expenditure and Summary of Capital Outlay (and Comparison with Appropriations) , Continued Appropriations Actual Transmission and distribution: Salaries and wages $ 23,655.00 20,932.29 Other improvement maintenance 16,000.00 20;503.24 Automobile maintenance 100.00 147.90 Equipment maintenance 100.00 6.46 Professional services 29,176.00 18,213.37 Laundry services 260.00 293.70 Training expenses 100.00 - ' Telephone and telegraph - 347.00 Payroll taxes and insurance 446.00 412.30 Pension contribution 2,249.00 2,175.15 Medical and life insurance 720.00 767.01 ' Dues and membership fees 50.00 10.00 General office supplies 100.00 89.97 Chemicals 200.00 - Tools 500.00 519.85 Gas and oil 900.00 897.06 Other improvement maintenance materials 4,670.00 5,069.05 ' Automotive maintenance materials 500.00 479.21 Equipment maintenance materials 500.00 379.93 Other 200.00 1,958.67 ' Total transmission and distribution 80,426.00 73,202.16 Reimbursement to Corporate Fund for services 27,100.00 26,850.00 Total operating expenditures $ 252,529.00 227,806.84 ' Summary of capital outlay: Other improvements - water meters 16,750.00 9,141.25 Automotive equipment 7,000.00 5,649.00 Machinery and equipment 2,500.00 1,114.92 Hydrants 4,000.00 - Watermains 110,000.00 180,834.34 Total capital outlay $ 140,250.00 196,739.51 ' See accompanying notes to financial statements. Exhibit F-5 ' VILLAGE OF OAK BROOK, ILLINOIS Waterworks Systems Fund Plant and Equipment and Accumulated Depreciation and Amortization Year ended April 30, 1976 Rate of depreciation Plant and equipment or Accumulated depreciation and amortization Net asset Balance Deduc- Balance amortization Balance Deduc- Balance value ' Apr.30,1975 Additions tions Apr.30,1976 Years Apr.30,1975 Additions tions Apr.30,1976 Apr.30,1976 Waterworks plant and equipment: Land and land rights $ 2,818.80 - - 2,818.80 - $ - - - - 2,818.80 1 Service of supply plant - wells and springs 314,753.30 - - 314,753.30 40 10,395.79 7,868.83 - 18,264.62 296,488.68 Structures and im- provements 68,232.40 68,232.40 40 3,195.99 1,705.81 4,901.80 63,330.60 Electrical pumping equipment 118,745.37 - - 118,745.37 40 6,062.79 2,968.63 - 9,031.42 109,713.95 Total water treatment equipment 5,324.65 - - -5,324.65 10 1,064.94 532.47 1,597.41 3,727.24 Distribution, reser- voirs, mains and standpipes 2,409,942.58 23,176.57 - -2,433,119.15 40 117,043.47 60,538.32 177,581.79 2,255,537.36 Meters and meter installation 161,395.72 9,141.25 _ 170,536.97 15 20,384.39 11,064.42 - 31,448.81 139,088.16 Hydrants 116,926.67 116,926.67 40 5,792.94 2,923.17 8,716.11 108,210.56 Miscellaneous tools and equipment: Office furniture and equipment 3,449.05 - - -3,449.05 10 673.42 344.91 1,018.33 2,430.72 Transportation equipment 7,384.70 5,649.00 - 13,033.70 6 2,225.81 1,701.53 - 3,927.34 9,106.36 Tools, shop and garage equipment 2,851.57 - - 2,851.57 5 1,066.32 570.31 - 1,636.63 1,214.94 1 Laboratory equipment 1,069.59 - _ 1,069.59 5 427.44 213.92 _ 641.36 428.23 Miscellaneous equipment 6,312.38 1,114.92 7,427.30 5 2,524.96 1,373.97 3,898.93 3,528.37 Intangible plant organization 11,403.09 - - 11,403.09 5 4,561.24 2,280.62 - 6,841.86 4,561.23 Construction in progress - 157,657.77 - 157,657.77 - - - - - 157,657.77 $ 3,230 _196.739.51 - 3.427,349.38 175,419.50 94,086.91 _ - 269,506.41 3,157,842.97 See accompanying notes to financial statements. i 1 1 Exhibit G VILLAGE OF OAK BROOK, ILLINOIS Trust and Agency Funds Combined Balance Sheet April 30, 1976 Police Firemen's Pension Pension Assets Combined Fund Fund Cash $ 575.92 529.92 46.00 Certificates of deposit 1,080,000.00 620,000.00 460,000.00 Savings accounts 38,593.26 20,545.45 18,047.81 Accrued interest receivable 13,533.22 10,755.60 2,777.62 Due from other funds 18,456.88 8,724.83 9,732.05 Amounts to be provided from future tax levies and other sources to fund actuarial deficiency for prior service costs 159,116.20 159,116.20 - $ 1,310,275.48 819,672.00 4903603.48 Liabilities Accrued pension expense 481.75 481.75 - Reserves: Funded obligations: Statutory 1,144,386.05 660,074.05 484,312.00 Excess 6,291.48 - 6,291.48 Unfunded actuarial deficiency for prior service costs 159,116.20 159,116.20 - $ 1,310,275.48 819,672.00 490,603.48 See accompanying notes to financial statements. Exhibit G-1 VILLAGE OF OAK BROOK, ILLINOIS Police Pension Fund Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Reserve for Funded Obligations jYear ended April 30, 1976 Estimated revenue and appropriations Actual Revenue: Employees' contributions $ - 38,822.74 Village contributions 69,832.00 66,788.36 Interest on investments 12,000.00 41,338.25 Other 15,168.00 110.00 Total revenue 97,000.00 147,059.35 ' Expenditures: Pension benefit expense - 5,781.00 Audit fee - 695.88 Total expenditures - 6,476.88 Excess of revenue over expenditures $ 97,000.00 140,572.47 - Reserve funded obligation April 30, 1975 519,491.58 Reserve - funded obligation April 30, 1976 $ 660,074.05 See accompanying notes to financial statements. j I Exhibit G-2 VILLAGE OF OAK BROOK, ILLINOIS 1 Firemen's Pension Fund Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Reserve for Funded Obligations Year ended April 30, 1976 1 Estimated revenue and appropriations Actual Revenue: Employees' contributions $ - 29,000.88 Village contributions 80,850.00 83,902.95 Interest on investments 6,000.00 22,737.58 Other 9,150.00 - Total revenue 96,000.00 135,641.41 Expenditures: Pension benefit expense - - Audit fee - 630.00 Seminar expense - 12.50 Total expenditures - 642.50 ' Excess of revenue over expenditures $ 96,000.00 134,998.91 Reserve - funded obligation April 30, 1975, as reported 350,224.62 Prior year adjustment - interest accrual 5,379.95 Reserve - funded obligation April 30, 1975, as restated 355,604.57 Reserve - funded obligation April 30, 1976 $ 490,603.48 See accompanying notes to financial statements. Exhibit H VILLAGE OF OAK BROOK, ILLINOIS Statement of General Fixed Assets April 30, 1976 General Fixed Assets: Land $ 188,741.00 Buildings 4,464,605.83 Furniture and fixtures 177,286.22 Roadway improvements 605,657.64 iAutomotive equipment 187,713.44 Other equipment 579,879.61 Library books 32,170.63 ! $ 6.236,054.37 Investment in Fixed Assets $ 6.236.054.37 See accompanying notes to financial statements. i I ! Exhibit H-1 VILLAGE OF OAK BROOK, ILLINOIS Statement of Changes in Investments in General Fixed Assets Year ended April 30, 1976 Furniture and Roadway Automotive Other Library Land Buildings fixtures improvements equipment equipment books Total Balance April 30, 1975 $ 188,741.00 4,270,366.00 22,964.00 509,358.00 163,975.00 532,269.00 21,467.00 5,709,140.00 Additons: - - Corporate 94,964.79 146,442.73 84,058.04 37,271.80 46,962.61 10,703.63 420,403.60 Capital Projects Fund 99,275.04 7,879.49 12,241.60 648.00 - 120,044.13 Deletions - Corporate - - - - (13,533.36) - - (13,533.36) Balance April 30, 1976 $ 188,741.00 4,464,605.83 177,286.22 605,657.64 187,713.44 579,879.61 32,170.63 6,236,054.37 See accompanying notes to financial statements. Exhibit I ' VILLAGE OF OAK BROOK, ILLINOIS Statement of General Long-term Debt April 30, 1976 Amount to be provided from future revenue and other sources $ 2.097.039.69 Payable from future revenue and other sources: Notes payable: Principal 1,494,185.34 Interest 292,412.67 Contract payable 310,441.68 $ 2.097.039.69 See accompanying notes to financial statements. VILLAGE OF OAK BROOK, ILLINOIS Notes to Financial Statements April 30, 1976 (1) Summary of Significant Accounting Policies ' The financial statements are presented in accordance with generally accepted ac- counting principles applicable to state and local governmental units as con- tained in the audit guide published by the American Institute of Certified Public Accountants. Accordingly, certain prior period amounts have been reclassified to reflect the activities and transactions of the Funds and groups of accounts. The basic principles have been promulgated by the National Council on Govern- mental Accounting. These principles have evolved over the years and received the general endorsement of governmental officials, the general public and other persons interested in financial statements of such units. Funds In government, the basic accounting and reporting entity is a "fund." A fund is 1 defined as an independent fiscal and accounting entity with a self-balancing set of accounts recording cash and/or other resources together with all re- lated liabilities, obligations, reserves and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions or limita- tions. Basis of Accounting The accrual basis of accounting is followed for Capital Projects, Enterprise and Trust and Agency Funds. The modified accrual basis of accounting is followed for the Corporate and Special Revenue Funds. The modified accrual basis of accounting is defined as "the basis of accounting under which expenditures other than accrual interest on general long-term debt are re- ported at the time liabilities are incurred and revenues are recorded when received in cash except for material and/or available revenues which should be accrued to reflect properly the taxes levied and the revenues earned." ' General Fixed Assets The general fixed assets of the governmental unit, those fixed assets not re- quired to be accounted for in specific fund groups, i.e. , Waterworks System Fund, are accounted for in a separate self-balancing group of accounts described as the "general fixed asset group of accounts." General fixed assets are capitalized at historical cost. No depreciation is required to be recorded on general fixed assets. (Continued) 2 VILLAGE OF OAK BROOK, ILLINOIS ' Notes to Financial Statements General Long-term Debt The general long-term liabilities except for the Waterworks System Fund are not carried with the current liabilities of a fund but rather set up in a separate self-balancing group of accounts known as the general long-term debt group of accounts. (2) Waterworks System Fund (a) Bond Ordinance Requirements The ordinance authorizing the issuance of Waterworks Revenue bonds require that separate accounts be maintained in the Fund designated as: (a) Operation and maintenance account (b) Bond and interest account (c) Bond reserve account (d) Depreciation, improvement and extension account (e) Surplus revenue account rOn the first business day of each month all monies held in the Fund are to be transferred to the designated accounts as follows: To the operation and maintenance account, an amount sufficient to pay the reasonable expense of operation and maintenance for the next succeeding month. To the bond and interest account, an amount equal to 1/5th of the interest and 1/10th of the principal becoming due on 1 the next payment date. To the bond reserve account, $3,000.00 each month until all bonds of this fund have been paid for or provision made for their payment. To the depreciation improvement and extension account, $4,000.00 each month (or a greater amount, as designated by the Board) until a maximum of $400,000.00 is on deposit in said account. To the surplus revenue account, all surplus funds remaining after providing for all of the deposits herein above listed. (Continued) r 3 VILLAGE OF OAK BROOK, ILLINOIS Notes to Financial Statements Funds accumulated in the bond reserve account shall be used only for the payment of interest or prinicipal whenever there exists a deficiency in the bond account. However, whenever the balance in said account is equal to the maximum principal and interest requirements of all outstanding bonds at the discretion of the President and Board of Trustees, the surplus may be transferred to the depreciation, improvement and extension account or the surplus revenue account. Funds accumulated in the depreciation, improvement and extension account shall be used to pay for any extraordinary maintenance, repairs and necessary replacements, or if not so needed, for improvement or extension of the system. Funds accumulated in the surplus reserve account shall be held and used for the following purposes: (a) for making up any deficiency in the accounts above, (b) for making principal or interest payments on any junior lien bonds or (c) for any lawful corporate purpose. (b) Prior Period Adjustments The financial statements for the Waterworks System Fund include prior period adjustments. These adjustments are necessitated as a result of corrections made to prior period accruals and previously recorded assets and interest I payable which had been set up on the records of the Waterworks System Fund. These adjustments affecting bond interest expense and unbilled water receivables are reflected in Exhibit F-2, Statement of Changes in Fund Balance. (3) Police Pension Fund ' According to the governing act, the Board of Trustees of the Police Pension Fund is required to establish and maintain a reserve not to exceed the total actuarial requirements of the Fund. In municipalities having less than the actuarial requirements of the Fund, the Board shall designate the proportionate amount needed annually to insure the accumulation of such actuarial reserve over a 40-year period ending in 1999. The total actuarial requirements at April 30, 1975 (the date of the latest computation) amounted to $819,672.00 including the actuarial reserve deficiency of $300,180.00 for prior service costs as determined by the State Department of Insurance. This actuarial reserve deficiency has been adjusted by the net transactions of the Fund for the year ended April 30, 1976. (Continued) 4 VILLAGE OF OAK BROOK, ILLINOIS Notes to Financial Statements (4) Firemen's Pension Fund (a) Funded Obligation According to the governing act, the Board of Trustees of the Firemen's Pension Fund is required to establish and maintain a minimum reserve balance of $1,000.00 for each 1,000 inhabitants. Under this provision the minimum re- quirement is $4,164.00. At April 30, 1976 the Board had exceeded this minimum by $486,439.48 for a total funded obligation of $490,603.48. (b) Actuarial Deficiency According to the governing act, the Board of Trustees of the Firemen's Pension Fund is required to designate the proportionate amount needed annually to amortize the actuarial reserve deficiency, as determined by the State of Illinois, Department of Insurance over a 40-year period ending in 2006. At April 30, 1975 (the date of the latest computation) the actuarial require- ments of the Fund amounted to $484,312.00 including actuarial reserve deficiencies of $134,087.00 for prior service costs, as determined by the State Department of Insurance. This actuarial reserve deficiency has been adjusted by the net transactions of the Fund for the year ended April 30, 1976. I (5) Illinois Municipal Retirement Fund As the Village does not have a property tax levy no separate fund accountability is maintained for Illinois Municipal Retirement Fund purposes. Expenditures for this purpose are included in the Corporate and Waterwork System Funds. The Illinois Municipal Retirement Fund's actuary estimates that as of December 31, 1975 the present value of total IMRF pension obligations to be borne by the Village of Oak Brook was $231,110.00. The Village had accumulated reserve assets of $57,116.00 on the same date. Therefore, the estimated present value of future contributions to be made by the Village on behalf of present employees was $173,994.00. This pension obligation includes, in addition to future normal cost of $129,518.00, the amount of unfunded prior service cost, computed to be $44,476.00. The annual Village contribution rate fixed by the IMRF Board of Trustees provides for full funding of prior service costs, including interest as determined actuarially over a future period of not more than 40 years. (Continued) 5 VILLAGE OF OAK BROOK, ILLINOIS Notes to Financial Statements (6) General Long-term Debt Fund (a) Loan on Village Hall The Village executed a 5-1/2% loan in the amount of $1,412,134.14 to finance the construction of the Village Hall. The loan is to be paid in 84 con- secutive monthly installments of principal and interest in the amount of $20,293.37. The installments are to commence on June 1, 1976, with the final installment due on May 1, 1983. The loan is a general obligation of the Village. (b) Loan on Library In the 1976 fiscal year, the Village executed an agreement with a bank providing ' for a line of credit of $170,649.00. This is to be used to finance the Oak Brook Library renovation. The amount drawn by the Village on the line of credit, through April 30, 1976 was $84,585.00. The unpaid balance of the indebtedness at April 30, 1976 was $82,015.20. Payments of principal and interest are to be made in 60 consecutive installments with the final in- stallment to be made on January 1, 1981. (c) Contract Payable to State of Illinois The Village entered into an agreement in 1975 with the State of Illinois. Under this agreement the State would undertake construction of a roadway project, with partial reimbursement to be made by the Village. This reimbursement totalled $465,662.52 which is to be paid in 36 monthly installments. At April 30, 1976 the Village had paid 12 installments and the total balance Idue the State was $310,441.68. 1 i 1 1 1 1 1 1 1 i PART III FINANCIAL STATISTICS 1 1 1 1 1 I 1 1 i PART III INDEX TO FINANCIAL STATISTICS Table General Governmental Expenditures by Function, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . 1 ' General Revenue by Source, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ' Assessed and Estimated Actual Value of Taxable Property, Last Ten Fiscal Years . . . . . . . . . . . . . . . . 3 ' Property Tax Rates - All Overlapping Governments (per $100.00 assessed valuation) , Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . 4 ' Property Tax Levies - All Overlapping Governments, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . 5 ' Computation of Legal Debt Margin, April 30, 1976 . . . . . . . . . . . . 6 Computation of Direct and Overlapping Debt, ' April 30, 1976 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Building Permit Data, Last Ten Calendar Years . . . . . . . . . . . . . . . 8 Schedule of Insurance in Force, April 30, 1976 . . . . . . . . . . . . . . 9 Miscellaneous Statistical Data, April 30, 1976 . . . . . . . . . . . . . . 10 i Table 1 VILLAGE OF OAK BROOK, ILLINOIS General Governmental Expenditures by Function Last Ten Fiscal Years Fiscal year Administration Police Fire Building Engineering Public works Library Pension Insurance Total 1976 $ 381,669 688,536 593,024 74,076 58,437 238,476 23,590 200,868 112,194 2,370,870 1975 437,693 608,090 519,045 64,071 68,188 275,046 21,339 174,042 91,482 29258,996 ' 1974 1679620 4939658 420,765 34,062 41,651 221,994 149480 1589502 74,399 19627,131 1973 1389288 4039233 314,908 24,406 34,020 1399397 109892 111,190 73,073 192499407 j1972 127,660 343,979 230,857 22,499 25,431 107,429 5,846 879962 619284 19012,947 1971 1109967 281,120 183,126 22,332 509492 1209956 - 71,998 43,976 8849967 1970 101,564 2399189 125,197 26,546 20,777 94,822 - 51,396 42,560 702,051 1969 59,535 202,975 729453 19,616 17,026 78,142 - 34,966 26,568 5119281 1968 45,921 1809245 239446 15,926 3,428 62,055 - 22,127 21,711 374,859 1967 107,910 171,357 11,209 - - - - 18,245 18,885 327,606 1 Table 2 VILLAGE OF OAK BROOK, ILLINOIS General Revenues by Source Last Ten Fiscal Years Licenses Other Charges Fiscal General and inter- for Fines and Investment year sales tax permits government service forfeits interest Miscellaneous Total 1976 $ 2,103,221 97,815 104,660 159,909 57,026 101,971 176,612 2,801,214 1975 1,952,700 63,032 118,532 64,304 50,649 184,003 269,000 2,702,220 I1974 1,903,959 83,216 90,456 31,149 50,087 177,006 162,553 2,498,426 1973 1,670,236 55,364 244,761 21,195 27,188 157,213 24,999 2,200,956 1972 1,510,767 61,201 67,726 5,217 33,809 115,268 23,098 1,817,086 1971 1,396,536 44,650 41,378 15,198 12,700 85,878 37,177 1,633,517 1970 1,219,884 69,158 15,048 20,585 11,606 63,367 26,406 1,426,054 1969 719,083 66,066 - 22,581 4,598 32,972 5,100 850,400 1968 687,733 60,947 - - 6,523 13,890 1,375 770,468 1967 492.267 39.765 - - 8.226 7,780 2.421 550.459 Table 3 VILLAGE OF OAK BROOK, ILLINOIS Assesed and Estimated Actual Value of Taxable Property Last Ten Fiscal Years Ratio of total Real property Personal property Total assessed/total Fiscal Estimated Estimated Estimated estimated year Assessed actual value Assessed actual value Assessed actual value actual value 1976 $ 128,005 382,904 20,797 621,210 148,802 445,114 33.43% 1975 118,870 384,195 17,489 56,525 136,359 440,720 30.94 1974 109,890 330,894 13,729 41,339 123,619 372,233 33.21 1973 103,295 285,819 10,784 29,839 114,079 315,658 36.14 1972 92,625 225,914 10,678 26,043 103,303 251,957 41.00 1971 79,163 175,917 9,882 21,960 89,045 197,877 45.00 1970 71,161 158,135 9,024 20,053 80,185 178,188 45.00 1969 61,345 136,322 8,019 17,820 69,364 154,142 45.00 1968 54,169 120,375 6,797 15,104 60,966 135,479 45.00 1967 44.450 98,777 5,401 12,002 49,851 1104779 45.00 Note: All figures 000's. ' Table 4 VILLAGE OF OAK BROOK, ILLINOIS Property Tax Rates - All Overlapping Governments (per $100.00 assessed valuation) Last Ten Fiscal Years 1 Village Junior Grade High Oak Brook Hinsdale Fiscal of Basic College School School Park Sanitary year Total Oak Brook Town* 46502 4653 4686 District District 1976 5.787 - 1.067 .160 2.065 2.002 .333 .160 1975 5.804 - .899 .151 2.114 1.987 .329 .324 1 1974 6.067 - .952 .157 2.225 2.051 .317 .365 1973 6.110 - .833 .159 2.270 2.013 .245 .590 1972 5.895 - .794 .160 2.137 1.982 .260 .562 ' 1971 5.998 - .802 .151 2.174 1.987 .180 .704 1970 5.472 - .799 .130 2.202 2.003 .185 .153 1969 4.886 .799 .135 1.842 1.821 .154 .135 ' 1968 4.307 - .651 .141 1.706 1.558 .123 .128 1967 3.647 - .553 .110 1.325 1.484 .075 .100 1 *Note: Includes all count forest reserve and township y, p ip rates. 1 ' Table 5 ' VILLAGE OF OAK BROOK, ILLINOIS Property Tax Levies - All Overlapping Governments Last Ten Fiscal Years Village Hinsdale ' Fiscal of Junior College Grade School High School Oak Brook Sanitary year Total Oak Brook Basic Town* #502 #53 486 Park District District 1976 $ 7,407,674 - 1,365,818 204,809 2,643,312 2,562,668 426,258 204,809 1975 6,899,209 - 1,068,640 179,494 2,512,910 2,361,945 391,082 385,138 1974 6,667,020 - 1,046,152 172,527 2,445,050 2,253,842 348,351 401,098 1973 6,266,948 - 860,453 164,240 2,300,395 2,079,342 253,074 609,444 1972 5,460,217 - 735,439 148,199 1,979,387 1,835,819 240,823 520,550 1971 4,748,182 - 634,885 119,535 1,720,999 1,572,964 142,493 557,306 1970 3,893,933 568,577 92,509 1,566,967 1,425,356 131,648 108,876 1969 2,997,403 - 490,160 82,818 1,130,008 1,117,125 94,474 82,818 1968 2,333,047 - 352,638 76,378 924,119 843,949 66,627 69,336 1967 1,621,102 - 245,810 48,895 588,967 659,643 33,337 44,450 *Note: Includes all county, forest preserve and township rates. ' Table 6 VILLAGE OF OAK BROOK, ILLINOIS Computation of Legal Debt Margin April 30, 1976 Assessed value $ 148,802,609 Debt limit 7.5% of assessed value 11,160,196 Debt applicable to debt limit: 1 (1) Heritage/Pullman Bank lease purchase $ 1,412,134 (2) Heritage/County Bank lease purchase 82.016 Total applicable debt 1,494,150 Legal debt margin $ 9,666,0 6 III Table 7 VILLAGE OF OAK BROOK, ILLINOIS Computation of Direct and Overlapping Debt ' April 30, 1976 Assessed valuation, 1975 $ 148,802,609 Estimated full value, 1975 445,116,988 The Village of Oak Brook has no general obligation bonded debt Overlapping debt: DuPage County (1) 312,265 Forest Preserve District of DuPage County 2,670,836 Oak Brook Park District 663,062 ' Hinsdale Sanitary District 1,794,007 Grade School Districts 3,133,627 High School Districts 3,482,429 Unit School District 205 167,117 Junior College District 502 436,124 Other taxing bodies 86,032 Total overlapping debt 12,745,499 Total direct and overlapping debt (2) $ 12,745,499 1975 Population 5,281 Ratio of bonded debt to assessed value Direct only 0.00% Direct and overlapping 8.57 Ratio of bonded debt to estimated full value Direct only 0.00 Direct and overlapping 2.86 Per capita bonded debt Direct only 0.00 Drect and overlapping $ 2,413.46 ' Per capita valuation Assessed value 28,177.00 Estimated full value 84,286.00 (1) Oak Brook's share of the principal amount only of Public Building Commission of Wheaton bonds secured by a lease to DuPage County, the rentals on which are a direct obligation of the County. (2) Does not include bonds payable from revenues. ' Table 8 VILLAGE OF OAK BROOK, ILLINOIS Building Permit Data. ' Last Ten Calendar Years Calendar Residential Commercial/Industrial ' year Number Value Average value Number Value Average value 1975 39 $ 4,379,000 112,282 5 $ 14,040,000 2,808,000 ' 1974 27 2,391,370 88,569 4 4,350,000 1,087,500 ' 1973 50 4,145,784 82,916 14 44,408,472 3,172,034 1972 41 2,750,600 67,087 6 4,542,000 757,000 1971 51 3,249,576 63,720 9 10,194,251 1,019,425 1970 53 3,638,700 68,654 10 18,041,000 2,004,555 ' 1969 60 3,958,200 65,970 11 20,128,000 1,829,818 1968 222 11,258,865 50,716 19 13,733,180 722,799 1967 102 4,905,931 48,097 11 8,696,655 790,605 ' 1966 92 4,461,000 48,489 10 8,524,000 852,400 Table 9 ' VILLAGE OF OAR BROOK, ILLINOIS Schedule of Insurance in Force ' April 30, 1976 ' Name of company Policy period Annual Type of insurance (Policy number) From To Amount of insurance Type of coverage premium Comprehensive LAC 9809638 5/l/74 5/1/77 Bl 100,000/person Comp. Gen. liability Liability and Pacific Indemnity Co. 300,000/occurence Auto 300,000 aggregate ' P.D. 50,000/occurence 50,000 aggregate Comp. Auto Liability B1 100,000/occurence 300,000 aggregate P.D. 50,000 each occurence $ 21,615.00 Commercial Inland 6272676 5/1/74 5/1/77 Actual cash value Scheduled equipment Marine Pacific Indemnity Co. Subject to 80% coinsurance 3,750.00 ' Business Comprehensive PYA 91-24-42 5/1/74 5/1/77 Actual cash value Buildings, contents Policy Royal Globe Ins. Co. subject to 90% and scheduled ' coinsurance equipment (includes val. papers, boiler, camera floater) 5,611.00 Workmen's Compensation EC 9520 7303 5/1/74 5/1/76 Statutory Statutory Employer's Liability Pacific Indemnity Co. 18,425.00 Umbrella Excess Northwestern National 5/1/74 5/1/77 5,000,000/occurence Excess liability Liability Insurance Co. 5,000,000 aggregate coverage VXL 50-78-91 3,100.00 Excess Third Continental Casualty 5/1/74 5/1/77 5,000,000/occurence Single limit BI/PD Party Liability Co. 5,000,000 aggregate Umbrella coverage RDX 808 5396 (third party) 1,500.00 Accident Insurance Pacific Indemnity 5/1/75 5/1/76 17,500/occurence Volunteer insurance DSG 1061Z 175,000 aggregate 431.32 Public Employees Royal Globe Ins. Co. 5/1/74 Renewable 100,000/individual---- --Faithful performance Blanket Bond 629 225 of employees plus ' officials as scheduled 1.183.00 Table 10 VILLAGE OF OAK BROOK, ILLINOIS ' Miscellaneous Statistical Data ' April 30, 1976 1. Date of incorporation: 2/21/58 ' 2. Form of Government: Seven member Board of Trustees, including President; Village Manager appointed by Board of Trustees ' 3. Area - square miles: 8.5 ' 4. Miles of streets: 53 miles 5. Fire protection: Number of stations: 2 Number of full-time employees: 31 Number of part-time employees: 25 Vehicular equipment units: 9 ' 6. Police protection: Number of employees: 29 sworn, 9 clerical Detention facilities: 2 juvenile, 6 adult Vehicles: 10 ' 7. Recreation: Oak Brook Park District - 66 acres including indoor and outdoor tennis ' DuPage County Forest Preserve - 141acres International Sports Core - 550 acres Midwest Country Club 36 hole semi-private ' 8. Education: Brookforest Elementary School 210 students, 18 teachers Butler Elementary School ' 400 students, 40 teachers 9. Water system: Number of customers: 242 commercial ' 2,967 residential Gallons pumped fy 1975/76: 1,007,446,000 ' 10. Census data: 1960 - 324; 1970 - 4,164; 1975 - 5,281 �1 1