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AFR (Year Ended April 30, 1978) � VILLAGE OF � OAK BROOK, � ILLINOIS 1 1 1 1 Annual Financial Report � Year Ended April 30, 1978 1 1 1 1 ANNUAL FINANCIAL REPORT Village of Oak Brook, Illinois Year ended April 30, 1978 PRESIDENT 1 George B. Howell CLERK Marianne Lakosil TRUSTEES Frederick W. Brown Wence F. Cerne Eldon K. Glaves Arthur W. Philip Barbara F. Reynolds Joseph H. Rush VILLAGE MANAGER Kenneth G. Carmignani 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 VILLAGE OF OAK BROOK, ILLINOIS Annual Financial Report Year ended April 30, 1978 TABLE OF CONTENTS Exhibit Financial Supplemental Statement Information Part I — Introductory Section: Letter Report of the Village Manager Part II — Financial Statements: Accountants' Report Index to Financial Statements Combined Statements and Schedules: Balance Sheet — All Funds and Account Groups,April 30, 1978 • • . . AA Statement of Revenue and Expenditures and Fund Balance — All Governmental Fund Types, year ended April 30, 1978 . . . . . . . . . . . . . . . . . . . . BB Statement of Revenue — General and Special Revenue Funds (and Comparison with Estimated Revenue), year ended April 30, 1978 . . . . . . . . . . . . . . . . . . CC Statement of General Governmental Expenditures — General and Special Revenue Funds (and Comparison with Appropriations), year • . . . • . . . . ended April 30, 1978 DD Schedule of Interfund Accounts,.April 30, 1978 . . . . . . . . . . . . EE Schedule of Bonds Payable, April 30, 1978 . . . . . . . . . . . . . . . FF Schedule of Investments —All Funds, April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GG Corporate Fund: Balance Sheet, April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . A Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Fund Balance, year ended April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-1 Schedule of Detailed Revenue (and Comparison with Estimated Revenue), year ended April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-2 Schedule of Detailed Operating Expenditures (and Comparison with Appropriations), year ended April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . A-3 Schedule of Capital Outlay (and Comparison with Appropriations), year ended April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-4 TABLE OF CONTENTS (CONTINUED) Exhibits Financial Supplemental Statement Information Special Revenue Funds: Combined Balance Sheet,April 30, 1978 . . . . . . . . . . . . . . . . . B Combined Statement of Revenues and Expenditures and Fund Balance, year ended April 30, 1978 . . . . . . . . . . . . B-1 Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Fund Balance, year ended April 30, 1978: Motor Fuel Tax Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . C Federal Revenue Sharing Trust Fund . . . . . . . . . . . . . . . . . . D Debt Service Fund: Balance Sheet, April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . E Statement of Revenue and Expenditures and Fund Balance, year ended April 30, 1978 . . . . . . . . . . . . E-1 Capital Projects Funds: Combined Balance Sheet, April 30, 1978 . . . . . . . . . . . . . . . . . F Combined Statement of Revenue and Expenditures and Fund Balance, year ended April 30, 1978 . . . . . . . . . . . . . . . F-1 Enterprise Fund — Waterworks System Fund: Balance Sheet, April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . G Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations), year ended April 30, 1978 . . . . . . . . . . . . . G-1 Statement of Changes in Fund Balance/Retained Earnings, year ended April 30, 1978 . . . . . . . . . . . . . . . . . . G-2 Statement of Changes in Financial Position (Operations and Maintenance Account Only), year ended April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . G-3 Schedule of Operating Expenditures and tSummary of Capital Outlay (and Comparison ■ with Appropriations), year ended April 30, 1978 . . . . . . . . . . G-4 Schedule of Plant and Equipment and Accumulated Depreciation and Amortization, year ended • . . April 30, 1978 G-5 Trust and Agency Funds: Combined Balance Sheet, April 30, 1978 . . . . . . . . . . . . . . . . . H Statement of Revenue and Expenditures (and Comparison with Budget) and Reserve for Funded Obligations, year ended April 30, 1978: Police Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . H-1 Firemen's Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . . H-2 Combined Statement of Revenues, Expenditures and Fund Balance, year ended April 30, 1978 . . . . . . . . . . . . . . . H-3 r i TABLE OF CONTENTS (CONTINUED) Exhibits Financial Supplemental Statement Information General Fixed Assets: Statement of General Fixed Assets,April 30, 1978 . . . . . . . . . . I Schedule of Changes in Investment in General Fixed Assets, year ended April 30, 1978 . . . . . . . . . . . . . . . . . . . . I-1 General Long-term Debt: Statement of General Long-term Debt, April 30, 1978 . . . . . . . . J jNotes to Financial Statements Table Part III — Financial Statistics: Index to Financial Statistics General Governmental Expenditures by Function, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 General Revenues 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 FiscalYears . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Computation of Legal Debt Margin, April 30, 1978 . . . . . . . . . . . . 5 Summary of Debt Service to Maturity, April 30, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 General Bonded Debt Data, April 30, 1978 . . . . . . . . . . . . . . . . . 7 Building Permit Data, Last Ten Calendar Years 8 Insurance in Effect, Fiscal Year 1978-1979 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Miscellaneous Statistical Data, April 30, 1978 10 Organization Flowchart, May 1978 . . . . . . . . . . . . . . . . . . . . . . — PART I LETTER REPORT OF THE VILLAGE MANAGER i j Certificate of Conformance in Financial Reporting Presented to Villaire of O For its Annual Financial Report for the Fiscal Year Ended Apri130, 1976 A Certificate of Conformance in Financial Reporting is presented by the Municipal Finance Officers Association of the United States and Canada to governmental units whose annual financial reports are judged to substantially conform to the financial reporting principles and standards promulgated by the National Council on Governmental Accounting. i Presi t Executive Director f Date November 10,1926 i A 7 VILLAGE OF OAK BROOK 1200 OAK BROOK ROAD OAK BROOK, ILLINOIS June 9, 1978 654-2220 President and Board of Trustees Village of 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, 1978. On November 11, 1976 the Municipal Finance Officers Association of the United States and Canada (MFOA) awarded a Certificate of Conformance in Financial Reporting to the Village of Oak Brook for its Annual Financial Report for the fiscal year ended April 30, 1976. In order to be awarded a Certificate of Conformance,a governmental unit must publish a comprehensive Annual Financial Report,whose contents include its basic financial statements prepared in substantial conformance with generally accepted accounting prin- ciples, an appropriate letter of transmittal and extensive statistical section and whose representations are organized into an efficiently communicative format. A Certificate of Conformance is valid for a period of three years subject to two Annual Reviews. Our Annual Financial Report for the fiscal year ended April 30, 1977 has successfully passed its required Annual Review. We believe that our current Annual Financial Report continues to conform to Certificate of Conformance Program require- ments. In order to maintain the validity of our certificate, we are submitting this report to MFOA for another required Annual Review. The report consists of three sections: Part I — Letter of transmittal. Part II — The audited financial statements for the fiscal year ended April 30, 1978 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. 2 iThis letter describes the significant aspects of financial operations during the 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 $3,826,305, an increase of $662,619, or 20.9%. Intergovernmental revenue is the major revenue source for the Village, producing 83.1%of current year general governmental revenue,as compared with 83.8% last year. Intergovernmental revenue increased 20% compared to 1977. The amount of revenue from various sources and the increase (decrease) over last year are shown in the following tabulation: Increase Percent (Decrease) Revenue Source Amount of Total over 1977 Intergovernmental Revenue $3,180,227 83.1% $530,118 Licenses and Permits 195,112 5.1 71,218 Charges for Services 111,512 2.9 37,450 Fines and Penalties 77,664 2.0 22,130 Interest on Investments 78,186 2.1 (13,638) Miscellaneous 43,604 1.1 15,341 Transfer from Waterworks System Fund 140,000 3.7 —0— $3,826,305 100.00/0 $662,619 iThe Village has never levied taxes for corporate purposes. However, the assessed valuation of the Village was $186,056,000, an increase of $21,669,000, or 13.2% over the prior year. Expenditures for general governmental purposes for the year ended April 30, 1978, were $3,410,889, an increase of$128,839, or 3.9%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: 3 Increase Percent (Decrease) Function Amount of Total over 1977 General Government $ 713,693 20.9% $ 3,170 Public Safety 1,933,979 56.7 139,427 Public Works 580,085 17.0 (17,617) Health and Welfare 18,347 0.6 4,014 Culture and Recreation 164,785 4.8 (155) $3,410,889 100.0% $128,839 Included in the $3,410,889 are capital outlay expenditures amounting to $138,853. Bond Debt Administration In 1977 the Village purchased the Oak Brook Sports Core, issuing general obligation bonds in the amount of $10,270,000. The Village also initiated a tax levy for purposes of retiring the principal and interest payments of the bonds.Outstanding bonds at April 30, 1978, are presented in Exhibit FF, with the schedule of maturities thereon presented in Table 6. In addition, the Village has outstanding revenue bonds for the Water Works System Fund. Outstanding bonds at April 30, 1978, are also presented in Exhibit FF, with the schedule of maturities thereon presented in Table 6. 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, p a Kenneth G. Carmignani Village Manager i ' PART II FINANCIAL STATEMENTS i i i i PEAT. MARWICK, MITCHELL & CO. CERTIFIED PUBLIC ACCOUNTANTS 222 SOUTH RIVERSIDE PLAZA CHICAGO. ILLINOIS 606O6 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 (exclusive of the Sports Core Fund) as of and for the year ended April 30, 1978, 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 Sports Core Fund has its initial fiscal year ending October 31, 1978, and accordingly its financial statements have not been included in the accompanying report and have not been audited by us. In our opinion, 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, 1978 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 generally accepted accounting principles applied on a basis consistent with that of the preceding year. The examination referred to above was directed primarily toward formulating an opinion on the financial statements of the several funds and account groups of the Village taken as a whole. The data listed as supplementary information in the accompanying table of contents are presented for supplementary analysis purposes and are not necessary for a fair presentation of the financial position of the several funds and account groups of the Village and the results of their operations and the changes in financial position of the Waterworks System Fund. The supplementary data have been subjected to the auditing procedures applied in the examination of the basic financial statements and, in our opinion, are stated fairly in all material respects only when considered in conjunction with the financial statements taken as a whole. June 9, 1978 i PART II INDEX TO FINANCIAL STATEMENTS GENERAL INDEX Exhibit Combined Statements or Schedules . . . . . . . . . . . . . . . . . . . . . AA - GG CorporateFund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A Special Revenue Funds: Combined Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . B Motor Fuel Tax FundC Federal Revenue Sharing Trust Fund . . . . . . . . . . . . . . . . . . D Debt Service Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . E Capital Projects Fund . . . . . . . . . . . . . . . . . . . . . . . . . . F Enterprise Fund - Waterworks System Fund . . . . . . . . . . . . . . . . . G Trust and Agency Funds . . . . . . . . . . . . . . . . . . . . . . . . . . H General Fixed Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . I General Long-term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . J Notes to Financial Statements r r i Exhibit AA VILLAGE OF OAK BROOK, ILLINOIS All Funds and Account Groups Balance Sheets April 30, 1978 Special Debt Capital Waterworks Trust and General General Corporate Revenue Service Projects System Agency Fixed Long-term Fund Funds Fund Fund Fund Funds Assets Debt Assets (Exhibit A) (Exhibit B) (Exhibit E) (Exhibit F) (Exhibit G) (Exhibit H) (Exhibit I) (Exhibit J) Cash $ 577.38 4.11 .31 187.97, 19.53 46.42 - Savings account 1,177.08 299.42 - - 83,574.69 11,599.23 Certificates of deposit 1,718,000.00 74,110.50 6,368,065.50 953,213.00 1,880,000.00 State of Illinois Public Treasurer's Investment Pool 112,746.03 105,518.00 - 66,362.05 35,699.97 - - - Accrued interest receivable 32,832.47 476.38 = 10,157.37 13,549.13 14,289.12 = = Sales taxes receivable 665,000.00 Allotments receivable 5,341.41 Accounts receivable - customers: Billed water sales _ _ _ 41,554.97 - Estimated unbilled water sales 112,646.03 State income taxes receivable 7,217.31 Taxes receivable - - 843,838.05 - - - - Accounts receivable - other 2,386.84 - _ _ 83,166.45 - Due from other funds 129.66 32,017.23 Acquisition and construction account assets - revenue bonds of 1976 - - - - 3,487,941.82 - - - Inventory of equipment and supplies 9,909.45 - - - 28,828.17 - - - Fixed assets, net of accumulated depreciation and amortization - - - - -3,374,522.69 6,758,643.86 Unamortized bond discount - - - - 44,393.50 - - Amounts to be provided from future tax levies and other sources _ _ _ -- _ _ 656,286.00 _ 11,644,728.18 Amount available in Debt Service Fund 82,481.36 $ 2 y .976.22 111,639.32 917,948.86 .444,772.89 8 259;109.95 x,554,238.00 ,758.643.86 11.727.209.54 Liabilities Accrued payroll 62,842.90 - - - 1,264.70 - - - Accounts payable 151,722.31 8,714.51 - - 366,346.84 - - - Contracts payable - - - - 61,246.28 - - - Accrued pension expense - - _ - - 3,239.41 = _ Accrued expenses 83,446.90 Accrued interest payable 84,142.75 Interest payable from current tax levy - - 835,467.50 - - - - - Purchase agreement payable - _ - 5,375,000.00 - Deposits 37,825.02 Due to other funds 32,017.23 129.66 Due to other agencies 263.52 - - - - - - - Revenue bonds payable - - - - 5,975,000.00 - - Payable from future revenue and other sources: General obligation recreation bonds payable - - - - - - - 10,270,000.00 Notes payable - _ _ _ - _ _ 1,180,115.37 Interest on notes payable 160,103.10 Contracts payable - - - - - - - 116,991.07 Reserves: Funded obligations: Statutory - - - - - 305,251.00 - - Excess - - - - - 1,629,461.59 - - Unfunded actuarial deficiency for ` prior service costs - _ - _ - 656,286,00 - Fund balances/retained earnings: Restricted accounts 1,223,234.10 Equity in fixed assets - - - - 343,916.19 - 6,758,643.86 - Unappropriated 2,303,130.26 102,924.81 82,481.36 902,183.24 250,147.16 $ 2,549,976.22 111, 39.32 _917,948$¢ •444.72 89 8_25-2,109.952,5y4,238.00 6.758�b43,86 11.727,209._4 See accompanying notes to financial statements. Exhibit BB VILLAGE OF OAK BROOK, ILLINOIS All Governmental Fund Types Combined Statement of Revenue and Expenditures and Fund Balance Year ended April 30, 1978 Special Debt Capital Trust and Corporate Revenue Service Projects Agency Fund Funds Fund Funds Funds Revenue: Intergovernmental revenue $ 3,070,477.39 109,749.74 - - - Licenses and permits 195,112.15 - = = = Service charges 111,511.63 Fines and penalties 77,664.03 Interest on investments 69,449.04 8,736.76 2,499.31 263,772.53 115,825.75 Miscellaneous 43,604.48 - - - 200.00 Transfer from Waterworks System Fund 139,999.92 Transfer from Special Revenue Fund 24,500.00 - - 29,701.74 - Accrued interest received on sale of bonds - - 71,611.50 - Property tax levy - - 843,838.05 - - Bond proceeds - _ _ 10,270,408.00 - Employees' contributions 83,610.30 Village contributions - - - - 285,694.13 Total revenue 3,732,318.64 118,486.50 917,948.86 10,563,882.27 485,330.18 Expenditures: Operating: General government 712,195.13 Public safety 1,890,706.43 Public works 475,338.93 76,419.18 - - - Health and welfare 15,883.47 - - - - Culture and recreation 46,067.64 61,935.84 - Bond interest expense 835,467.50 Bike pathway system construction - - - 29,701.74 - Purchase agreement - - - 9,420,000.00 - Interest on purchase agreement - - - 84,142.75 - Administration - _ _ 127,854.54 - Miscellaneous 272.00 Pension benefit expense - - - - 37,197.64 Audit fee - - - - 850.00 Contribution refund - - - - 5,408.16 Operating expenditures 3,140,191.60 138,355.02 835,467.50 9,661,699.03 43,727.80 Capital outlay 109,151.72 23,190.53 - - - Total expenditures 3,249,343.32 161,545.55 835,467.50 9,661,699.03 43,727.80 Excess (deficiency) of revenue over expenditures 482,975.32 (43,059.05) 82,481.36 902,183.24 441,602.38 Fund balance/reserve for funded - - obligations at April 30, 1977 1,820,154.94 145,983.86 1,493,110.21 Fund balance/reserve for funded obligations at April 30, 1978 $ 2.303.130.26 102,924.81 82,481.36 902,183.24 1,934.712.59 See accompanying notes to financial statements. 1 Exhibit CC VILLAGE OF OAK BROOK, ILLINOIS General and Special Revenue Funds Combined Statement of Revenue (and Comparison with Estimated Revenue) Year ended April 30, 1978 Actual Estimated Actual over (under) Source and Fund revenue revenue estimated Intergovernmental revenue: General $ 2,562,750.00 3,070,477.39 507,727.39 Special revenue 90,914.00 109,749.74 18,835.74 Total intergovernmental revenue 2,653,664.00 3,180,227.13 526,563.13 Licenses and permits - General 120,500.00 195,112. 15 741612.15 Charges for services - General 74,830.00 111,511.63 361681.63 Fines and penalties - General 59,000.00 77,664.03 181664.03 Interest on investments: General 69,000.00 69,449.04 449.04 Special revenue 5,300.00 8,736.76 3,436.76 Total interest earned on investments 74,300.00 78,185.80 3,885.80 Miscellaneous - General 38,500.00 43,604.48 5,104.48 Transfer from Waterworks System Fund 1401000.00 139,999.92 (.08) Total revenue $ 3,160,794.00 3,826.305. 14 665.511.14 See accompanying notes to financial statements. Exhibit DD VILLAGE OF OAK BROOK, ILLINOIS General and Special Revenue Funds Combined Statement of General Governmental Expenditures (and Comparison with Appropriations) Year ended April 30, 1978 (Over) under Function and Fund Appropriations Expenditures expended General government - General $ 749,082.00 713,692.78 35,389.22 Public safety - General 2,221,224.00 1,933,979.05 287,244.95 Public works: General 634,535.00 503,665.50 130,869.50 Motor Fuel Tax 37,400.00 76,419. 18 (39,019. 18) 671,935.00 580,084.68 911850.32 Health and welfare - General 18,700.00 18,347.25 352.75 Culture and recreation: General 89,746.00 79,658.74 10,087.26 Federal Revenue Sharing 26,950.00 85,126.37 (58,176.37) 116,696.00 164,785. 11 (481089. 11) Total expenditures $ ,777,637.00 ,410,888.87 366,748.13 See accompanying notes to financial statements. Exhibit EE VILLAGE OF OAK BROOK, ILLINOIS Schedule of Interfund Accounts April 30, 1978 Due from Due to other other Fund funds funds Corporate: Waterworks System $ 129.66 - Police Pension 14,937.66 Firemen's Pension - 17,079.57 Total Corporate 129.66 32,017.23 Waterworks System Fund - Corporate - 129.66 ' Trust and Agency: Police Pension - Corporate 14,937.66 - Firemen's Pension - Corporate 17,079.57 = Total Trust and Agency 32,017.23 $ 32,146.89 X2,146.89 Exhibit FF VILLAGE OF OAK BROOK, ILLINOIS Schedule of Bonds Payable April 30, 1978 Amount of Bonds Interest original outstanding Rates Dates issue Redemption Apr.30,1978 Waterworks revenue bonds: .00; 5.20; 5. 10; 5.00; Series of 1973 4.00% 11-1 and 5-1 $ 3,300,000.00 225,000.00 3,075,000.00 4.40; 5. 10; 5.50; Series of 1976 5.75 11-1 and 5-1 3,000,000.00 100,000.00 2,900,000.00 General obligation recreation bonds 4.90; 4.80; 4.60; 4.30* 6-1 and 12-1 10,270,000.00 - 10,270,000.00 $ 16.570.000.00 325,000.00 16.245.000.00 r Exhibit GG VILLAGE OF OAK BROOK, ILLINOIS Schedule of Investments - All Funds April 30, 1978 Interest Maturity Par rates(%) dates value Corporate Fund: Certificates of deposit: 6.50°, 5-12-78 $ 395,000.00 6.80 6-18-78 475,000.00 7.00 7-14-78 233,000.00 7.05 5-16-78 250,000.00 7.70 10-24-78 365,000.00 Savings account 5.00 1,177.08 Public Treasurer' s Investment Pool - 112,746.03 1 Total Corporate Fund $ 1.831.923.11 Special Revenue Funds: Motor Fuel Tax Fund: Savings account 5.00 - 258.59 Public Treasurer's Investment Pool - 55,015.00 55,273.59 Federal Revenue Sharing Fund: Savings account 5.00 _ 40.83 Public Treasurer's Investment Pool 50,503.00 50,543.83 Total Special Revenue Funds $ 105,817.42 Debt Service Fund - certificate of deposits 5-31-78 $ 74,110.50 Sports Core Purchase Agreement and Golf Course Capital Project Fund: 6.80 5-31-78 100,000.00 6.95 5-31-78 708,185.50 Certificates of deposit: 7.85 1- 2-79 1,385,000.00 ' 8.10 4-19-79 4,174,880.00 Public Treasurer's Investment Pool 66,362.05 Total Sports Core Purchase Agreement and Golf Course Capital Project Fund $ 6,434,427.55 (Continued) 2 Exhibit GG VILLAGE OF OAK BROOK, ILLINOIS Schedule of Investments - All Funds, Continued Interest Maturity Par rates(%) dates value Trust and Agency Funds: Police Pension Fund: Certificates of deposit: 6.00% 7- 7-78 $ 40,000.00 6.50 5-23-79 100,000.00 6.50 12-14-78 100,000.00 6.50 4-29-79 40,000.00 6.50 12-14-78 100,000.00 6.50 1-29-79 45,000.00 6.50 10- 7-78 40,000.00 6.50 11-15-78 40,000.00 6.50 1-24-79 40,000.00 6.75 2- 4-80 40,000.00 6.75 3-31-80 40,000.00 6.75 10-15-80 40,000.00 7.50 5-13-81 40,000.00 7.50 5-13-81 40,000.00 7.50 5-13-81 40,000.00 7.50 1-28-82 40,000.00 7.50 5-13-81 40,000.00 7.75 4-22-81 40,000.00 7.75 5-13-81 40,000.00 7.75 5-13-81 40,000.00 Savings account 5.00 - 81299.57 993,299.57 Firemen's Pension Fund: Certificates of deposit: 6.75 8-17-80 100,000.00 6.75 9-17-81 65,000.00 6.75 10-31-78 40,000.00 6.75 10- -80 70,000.00 6.75 9- 8-78 40,000.00 6.75 7-31-78 40,000.00 6.75 8- 4-78 40,000.00 6.75 5-27-80 30,000.00 6.75 5-27-80 30,000.00 6.75 2- 1-80 40,000.00 6.75 3- 7-80 40,000.00 6.75 1-31-80 40,000.00 6.75 1- 1-79 40,000.00 7.50 10-22-80 40,000.00 7.50 1-31-81 40,000.00 7.50 4- 7-81 40,000.00 7.50 5-12-81 40,000.00 7.50 7-16-81 40,000.00 7.50 10-13-81 40,000.00 7.50 12- 9-81 40,000.00 Savings account 5.00 - 3,299.66 898,299.66 Total Trust and Agency Funds $ 1.891.599.23 (Continued) 3 Exhibit GG VILLAGE OF OAK BROOK, ILLINOIS . Schedule of Investments - All Funds, Continued Interest Maturity Par rates(%) dates value Waterworks System Fund: Operations and maintenance account: Savings account 5.00 % $ 11,147.58 Public Treasurer' s Investment Pool - 35,625.00 46,772.58 Acquisition and construction account - revenue bonds of 1976: Certificates of deposit: 6.80 6-15-78 297,240.00 7.00 5-18-78 290,750.00 7.00 7-24-78 4,302.00 7.125 7-14-78 79,950.00 Savings account 5.00 _ 3.07 Public Treasurer's Investment Pool 100.00 672,345.07 Bond and interest account - savings account 5.00 - 5,742.15 Bond reserve account: Certificates of deposit: 6.50 5-11-78 122,500.00 7.00 7-24-78 83,029.00 7.125 7-14-78 23,500.00 Savings account 5.00 5,633.61 234,662.61 Depreciation, improvement and extension account: Certificates of deposit: 6.80 6-18-78 100,000.00 7.00 5-18-78 123,930.00 7.00 7-24-78 3,970.00 7. 125 7-14-78 206,715.00 Savings account 5.00 - .42 Public Treasurer's Investment Pool - 74.97 434,690.39 Surplus account: 1 Certificates of deposit: 6.80 6-15-78 200,000.00 7.00 7-24-78 33,069.00 7. 125 7-14-78 56,500.00 Savings accounts 00 - 61,050.93 350,619.93 Total Waterworks System Fund $ 1.744,832.73 ^Interest rate fluctuates and is a function of the investment decisions made by the State of Illinois Treasurer. The First National Bank of Chicago acts as trustee, executing transactions at the State Treasurer's direction. Exhibit A VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Balance Sheet April 30, 1978 Assets Cash $ 577.38 Savings account 1,177.08 Certificates of deposit 1,718,000.00 State of Illinois, Public Treasurer's Investment Pool 112,746.03 Accrued interest receivable 32,832.47 Sales taxes receivable 665,000.00 State income taxes receivable 7,217.31 Accounts receivable - other 2,386.84 Due from other funds 129.66 Inventory of supplies 9,909.45 $ 7,549,976.22 Liabilities Accrued payroll 62,842.90 Accounts payable 151,722.31 Due to other funds 32,017.23 Due to other agencies 263.52 Fund balance 2,303,130.26 $ .549.976.22 See accompanying notes to financial statements. Exhibit A-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, 1978 Estimated revenue and appropriations Actual Revenue (Exhibit A-2) : Municipal sales tax $ 2,422,000.00 2,960,235.58 Illinois state income tax 65,750.00 64,243.26 York Township road and bridge tax 75,000.00 45,998.55 Service charges 74,830.00 111,511.63 Licenses and permits 120,500.00 195,112.15 Fines and penalties 59,000.00 77,664.03 Miscellaneous 83,000.00 113,053.52 Transfer from other funds 164,500.00 164,499.92 Total revenue 3,064,580.00 3,732,318.64 Expenditures: Operating (Exhibit A-3) : Legislative 29,947.00 33,024.64 General government 713,442.00 679,170.49 Public safety 2,128,180.00 1,890,706.43 Public works 573,292.00 475$ 38.93 Health and welfare 18,700.00 15,883.47 Culture and recreation 54,069.00 46,067.64 3,517,630.00 3,140,191.60 Capital outlay (Exhibit A-4) : General government 5,693.00 1,497.65 Public safety 93,044.00 43,272.62 Public works 61,243.00 28,326.57 Culture and recreation 35,677.00 33,591.10 Health and welfare - 2,463.78 195,657.00 109,151.72 Total expenditures 3,713,287.00 3,249,343.32 Excess (deficiency) of revenue over expenditures $ (654,707.00) 482,975.32 ' Fund balance at April 30, 1977 1,820,154.94 Fund balance at April 30, 1978 $ 2.303.130.26 See accompanying notes to financial statements. Exhibit A-2 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund ' Schedule of Detailed Revenue (and Comparison with Estimated Revenue) Year ended April 30, 1978 Estimated ' revenue Actual Municipal sales tax $ 2,422,000.00 2,960,235.58 Illinois state income tax 65,750.00 64,243.26 ' York Township road and bridge tax 75,000.00 45,998.55 Service charges: Plan review fees 3,000.00 5,559.40 Special police service 16,000.00 17,180.92 Special fire service 2,500.00 1,900.00 Engineering inspection fees 35,130.00 61,861.46 Police training reimbursement 2,000.00 1,903.90 Fire training reimbursement 3,000.00 2,267.17 Zoning fees 3,000.00 6,004.00 ' Recording of legal instruments 200.00 - Miscellaneous 10,000.00 12,209.78 Registration fees - 2,625.00 74,830.00 111,511.63 Licenses and permits: Liquor 32,500.00 33,600.00 Electrical 17,000.00 33,587.90 Building structure 30,000.00 57,014.25 Vending machine 13,500.00 13,977.50 Elevator 8,000.00 8,140.00 Plumbing 8,000.00 14,070.00 Garbage 1,500.00 1,500.00 Miscellaneous 10,000.00 33,222.50 ' 120,500.00 195,112. 15 Fines and penalties: Assessed by courts 44,000.00 51,825.04 Assessed by Village 15,000.00 25,838.99 59,000.00 77,664.03 Miscellaneous: ' Interest on investments 69,000.00 69,449.04 Reimbursement for loss 3,000.00 111.03 Foreign fire insurance tax 5,000.00 5,185.22 Contribution from private source - 101000.00 Miscellaneous 6,000.00 28,308.23 83,000.00 113,053.52 Transfer from Federal Revenue Sharing Trust Fund - 24,500.00 Transfer from Motor Fuel Tax Fund 24,500.00 Transfer from Waterworks System Fund 1401000.00 139,999.92 164,500.00 1641499.92 Total revenue $ ,064,580.00 3,732,318.64 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) Year ended April 30, 1978 Appropriations Actual Legislative: ' Board of Trustees: Salaries and wages $ 5,962.00 5,840.08 Advertising 550.00 126.00 Entertainment 1,562.00 1,216. 12 Bond coverage 187.00 3,270.97 FICA taxes 350.00 324.83 Dues and membership 1,220.00 840.00 Other commodities 330.00 440.11 Other fixed charges 10.00 7.69 Other contractual services 108.00 101171.00 12,173.80 Plan commission: Salaries and wages 2,433.00 1,446.63 Professional services 28.00 - Printing 770.00 586.30 Dues and membership 825.00 Other commodities - 16.33 Other contractual services - 1,038.25 Other fixed charges 4.00 3.85 FICA taxes 143.00 70.26 Duplicating and drafting supplies - 95.88 ' Photo and blueprinting 55.00 126.50 General office supplies 275.00 75.71 Postage 259.00 18.85 Advertising - 14.40 Maps, magazines, periodicals and books 55.00 - 4,847.00 3,492.96 Board of Firemen and Police: Medical and hospital services 2,888.00 2,130.00 Professional services 2,871.00 2,718.21 Advertising 55.00 84.42 Other contractual services 2,888.00 4,340.50 Dues and membership 83.00 100.00 Other commodities 28.00 8,813.00 9,373. 13 Zoning Board of Appeals: Salaries and wages 1,980.00 1,395.53 Advertising 880.00 1,989.36 Other contractual services 2,778.00 3,333.75 Postage 6.37 Other fixed charges 3.00 3.85 Printing 220.00 1,153.70 FICA taxes 117.00 63.74 General office supplies 110.00 38.45 Maps, magazines and books 28.00 - 6,116.00 7,984.75 Total Legislative $ 29,947.00 33,024.64 (Continued) 2 Exhibit A-3 ' VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual General Government: Legal: Legal services $ 35,750.00 52,919.49 Court cost and litigation 11,000.00 23,512.77 46,750.00 76,432.26 Village Manager's Office: Salaries and wages 80,517.00 60,929.96 Telephone and telegraph 848.00 814.54 Postage 462.00 344.07 Travel expenses 550.00 13.90 Automotive equipment maintenance 55.00 - Office equipment maintenance 230.00 337.50 Medical and hospital 110.00 110.00 Professional services 2,750.00 684.62 Advertising 110.00 488.34 Printing 330.00 2,723.01 Photographing 55.00 - Training expenses 501.00 100.00 Entertainment 550.00 378.69 Other contractual services - 75.00 Public liability 644.00 959.84 Automobile insurance 330.00 388.60 Bond coverage 110.00 71.89 Workmen's compensation insurance 132.00 92.37 ' Pension contribution 8,619.00 6,733.18 FICA taxes 226.00 127.36 Medical and life insurance 2,382.00 2,346.77 License fees 6.00 8.00 ' Dues and membership 242.00 678.60 General office supplies 660.00 729.39 Periodicals and books 220.00 205. 13 Gas and oil 550.00 599.63 Automotive equipment materials 220.00 508.94 Duplicating and drafting supplies 110.00 759.63 Other commodities - 8.33 $ 101,519.00 81,217.29 ' (Continued) 3 Exhibit A-3 ' VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual ' Elections: Salaries and wages $ 165.00 175.00 Advertising 165.00 - ' Printing 275.00 493.32 Rental of equipment 55.00 20.00 Food 55.00 28.38 715.00 716.70 Finance and accounting: Salaries and wages 68,712.00 63,000.69 Telephone and telegraph 1,114.00 653.92 Postage 4,565.00 2,489.42 Office equipment maintenance 396.00 430.77 Fiscal agent service - 75.00 ' Auditing services 7,975.00 6,690.00 Advertising 165.00 162.12 Printing 550.00 180.50 Entertainment 110.00 84. 18 Other contractual services 15,400.00 12,849.80 Liability and property 1,757.00 2,618.90 Bond coverage 200.00 131.92 Workmen's compensation insurance 99.00 69.28 Pension contribution 6,794.00 6,272.00 FICA taxes 426.00 426.04 ' Medical and life insurance 3,916.00 3,958.98 Unemployment insurance 3,300.00 Rental of equipment 2,041.00 3,999.60 Dues and membership 83.00 50.00 ' General office supplies 660.00 1,060.08 Periodicals and books 55.00 99.00 Duplicating and drafting supplies 347.00 (568.94) Travel expense 28.00 76.36 Medical and hospital service 99.00 290.00 Training 220.00 196.00 Household institutional supplies 550.00 779. 18 Other commodities 28.00 15.93 Minor equipment and tools 28.00 14.99 ' $ 119,618.00 106,105.72 (Continued) 4 Exhibit A-3 ' VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual 1 Engineering: Salaries and wages $ 77,616.00 64,850.92 Telephone and telegraph 1,144.00 1,035.44 1 Travel expenses 220.00 163.66 Automotive equipment maintenance 55.00 129.00 Office equipment maintenance 220.00 130.90 Other equipment maintenance 83.00 172.80 Engineering services 4,950.00 1,483.51 Medical services 275.00 281.00 Professional services 5,500.00 1,852.66 Recording fees 165.00 90.00 Advertising 110.00 279.73 Postage 990.00 743.19 1 Printing 110.00 114.00 Photographing 275.00 400.74 Training expenses 550.00 728.50 Entertainment 66.00 15.00 Liability and property insurance 688.00 985.26 Automobile insurance 319.00 341.39 Bond coverage 50.00 33.12 1 Workmen's compensation insurance 2,210.00 1,560.52 Pension contribution 8,436.00 7,003.81 FICA taxes 303.00 188.37 Medical and life insurance 2,035.00 1,978.44 Rental of equipment 952.00 Dues and membership 242.00 215.50 Automobile allowance 55.00 42.45 1 License fees - 8.00 General office supplies 825.00 869.93 Periodicals and books 110.00 120.11 Tools 440.00 473.19 Gas and oil 660.00 589.30 Automotive equipment materials 385.00 586.62 Other equipment materials - 59. 18 Duplicating and drafting supplies 715.00 457.94 Fire and extended coverage 19.84 1 $ 110,754.00 88,004.02 (Continued) i 1 1 5 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Village Hall: ' Salaries and wages $ 286.00 - Telephone and telegraph 277.00 389.50 Building maintenance services 550.00 132.00 ' Other equipment maintenance services 3,157.00 11,326.27 Professional services 6,545.00 1,405.00 Electric light and power 20,170.00 26,571.30 Cleaning and laundry services 18,755.00 16,162.00 Fire insurance 3,229.00 1,705.11 Liability and property insurance 4,455.00 6,636.23 FICA taxes 17.00 - ' Workmen's compensation 10.00 7.69 Rental of equipment 4,510.00 4,088.00 Sanitation supplies 193.00 484.97 Medical and laboratory supplies - .58 ' Tools 138.00 94.39 Payment of installment contract 267,283.00 243,520.44 Other commodities 33.00 36.89 Building maintenance materials 1,073.00 1,739.70 Heating fuel 55.00 Household supplies 55.00 20.72 Other equipment maintenance materials 1,155.00 4,248.95 ' Chemicals and lab supplies 2,140.00 3,169.98 Service to maintenance - other than buildings 4,928.70 Office supplies - 26.08 ' 334,086.00 3261694.50 Total General Government $ 713,442.00 679,170.49 (Continued) 6 Exhibit A-3 ' VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures ' (and Comparison with Appropriations) , Continued Appropriations Actual ' Public Safety: Police Service: Salaries and wages $ 718,540.00 608,991.26 ' Court time 12,100.00 10,685.84 Education incentive pay 17,160.00 15,000.00 Telephone and telegraph 8,800.00 7,052.90 Postage 1,782.00 1,413.03 ' Travel expenses 1,155.00 558.50 Automotive equipment maintenance 3,300.00 3,169.58 Office equipment maintenance 550.00 378.05 ' Other equipment maintenance 3,300.00 1,681.42 Medical services 1,100.00 2,017.50 Professional services 550.00 Advertising 83.00 334.68 Printing 1,650.00 1,541.09 Microfilming 330.00 Photographing 550.00 622.36 ' Laundry and cleaning service 110.00 - Training expenses 5,500.00 19874.85 Entertainment 110.00 166.45 Liability and property insurance 14,893.00 26,491.36 Automobile insurance 5,170.00 4,270.35 Bond coverage 2,301.00 1,537.03 Workmen's compensation insurance 14,577.00 10,345.26 ' Pension contribution 146,507.00 137,926.96 FICA taxes 132.00 23.09 Medical and life insurance 30,624.00 27,873.77 Rental of equipment 9,680.00 9,864.03 Court cost and litigation expenses 275.00 - Dues and membership 330.00 268.80 Clothing allowance 10,010.00 8,814.23 ' License fees 165.00 107.00 General office supplies 1,870.00 1,535.71 Periodicals and books 550.00 559.35 ' Chemicals and ammunition 1,320.00 1,207.07 Sanitation supplies 110.00 6.36 Food 1,320.00 865.84 Institutional supplies 440.00 160.97 ' Regulatory supplies 1,430.00 1,225.40 Medical and laboratory supplies 1,210.00 496.32 Tools 165.00 61.31 ' Gas and oil 26,400.00 28,747.05 Automotive equipment maintenance materials 4,950.00 8,957.40 Other equipment maintenance materials 3,025.00 1,941.23 Duplicating and drafting supplies 1,320.00 981.87 ' Street sign material 660.00 600.00 Other commodities 110.00 88.75 Disinfectant and exterminating - 125.40 ' Fire and extended coverage 956.00 704.26 Other contractual services 303.00 95.61 Tuition reimbursement 2,200.00 42.00 Building maintenance materials 440.00 63.28 ' $ 1,060,113.00 931,474.57 (Continued) ' 7 Exhibit A-3 ' VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Fire Service: Salaries and wages $ 648,012.00 567,099.67 Telephone and telegraph 2,200.00 3,723.33 Postage 330.00 201.81 Travel expenses 550.00 501.80 Building maintenance 825.00 448.90 Improvements other than building maintenance 550.00 245.66 Automotive equipment maintenance 1,650.00 7,560.44 Office equipment maintenance 110.00 51.45 Other equipment maintenance 660.00 2,827.45 Medical services 1,100.00 2,200.00 ' Professional services 550.00 - Advertising 28.00 60.51 Printing 385.00 138. 15 ' Photographing 440.00 190.72 Laundry services 660.00 621.59 Training expenses 2,200.00 1,870.05 Other contractual services 110.00 46.25 Fire insurance 6,101.00 4,349.32 Liability and property insurance 10,751.00 16,950.50 Automobile insurance 13,972.00 5,478.18 Bond coverage 373.00 249.03 Workmen's compensation insurance 25,081.00 17,798.53 Pension contribution 170,965.00 157,308.92 ' FICA taxes 550.00 610. 10 Medical and life insurance 25,300.00 27,241.73 Rental of equipment 1,100.00 294.00 Dues and membership 220.00 121.00 Tuition reimbursement 1,100.00 1,080.25 Clothing allowance 4,400.00 5,420.84 License fees 66.00 30.00 General office supplies 550.00 792.97 Periodicals and books 440.00 255.97 Agricultural supplies 330.00 85.94 Chemicals and ammunition 1,650.00 5,480.25 Sanitation supplies 1,650.00 923.62 Heating and power 28,600.00 6,324.06 Institutional supplies 1,100.00 719.75 Medical and laboratory supplies 385.00 23.65 Tools 3,080.00 1,801.33 Gas and oil 2,200.00 4,118.00 Building materials 1,650.00 902.66 Improvements other than building materials 330.00 356.04 Engineering service 5,500.00 Automotive equipment maintenance materials 1,650.00 12,343.92 Other equipment maintenance materials 110.00 899.95 Duplicating and drafting supplies 550.00 393.34 Other commodities - 544.22 Reception entertainment - 7.00 ' Disinfectant and exterminating 440.00 315.60 Food 660.00 1,228.54 Licensing and regulatory supplies 11.00 - $ 971,225.00 862,236.99 (Continued) 8 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Bureau of Inspection: Salaries and wages $ 75,244.00 74,624.70 Telephone and telegraph 880.00 1,353.28 Postage 330.00 203.60 Office equipment maintenance - 50.50 Printing 330.00 612.04 Photographing and blueprinting 110.00 309.67 Other contractual services 6,600.00 5,645.65 Public liability and property damage insurance 300.00 444.96 Automobile insurance 440.00 363.33 Bond coverage 31.00 20.63 Workmen's compensation insurance 1,815.00 1,277.76 Pension contribution 3,444.00 6,907. 13 FICA taxes 4,484.00 826.46 Medical and life insurance 1,095.00 1,537.48 Dues and membership 55.00 95.00 License fees 11.00 13.00 General office supplies 440.00 760.11 Periodicals and books 220.00 572.80 1 Gas and oil 660.00 565.60 Automotive equipment and materials 220.00 149.38 Duplicating and drafting supplies 55.00 290.38 Licensing and regulatory supplies 55.00 114.91 Fire and extended coverage insurance -23.00 16.68 Training expense 166.65 Other commodities - 73. 17 96,842.00 96,994.87 Total Public Safety $ 2,128,180.00 1.890.706.43 (Continued) ' 9 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Public Works: Administration: 1 Salaries and wages $ 39,435.00 36,937.67 Telephone and telegraph 1,430.00 1,353.28 Postage 275.00 200.17 Travel expenses 220.00 116.10 Automotive equipment maintenance 110.00 57.00 Office equipment maintenance 138.00 67.89 Photographing and blueprinting - 4.53 Other equipment maintenance 55.00 - Advertising 165.00 198.77 Training expenses 220.00 223.61 Entertainment 110.00 - Fire and extended coverage insurance 4,111.00 2,853.30 Liability and property insurance 7,217.00 10,748.92 Automobile insurance 5,394.00 3,500.95 Bond coverage 123.00 82.33 Workmen' s compensation insurance 1,511.00 1,062.24 Pension contribution 4,388.00 4,103.65 Medical and life insurance 1,580.00 1,821.50 Rental of equipment 759.00 112.00 Dues and memberships 165.00 80.00 General office supplies 550.00 446.66 Periodicals and books 110.00 21.30 Agricultural and horticultural supplies 110.00 - Sanitation supplies 440.00 - Institutional supplies 110.00 508.67 Tools 440.00 - Gas and oil 275.00 541.29 Automotive equipment maintenance supplies - 259.83 License fees 61.00 122.00 - Other commodities 5.00 Photo and duplicating supplies 143.00 126.04 $ 69,645.00 65,554.70 (Continued) ' 10 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Street Maintenance: Salaries and wages $ 108,840.00 84,321.04 Improvements other than buildings 11,926.00 624.00 Automobile equipment maintenance 2,750.00 2,305.60 Other equipment maintenance 1,100.00 1,057.38 Laundry and cleaning services 1,716.00 1,157.52 Tree service 2,200.00 668.95 Other contractual services 4,664.00 2,854.48 Workmen's compensation insurance 6,361.00 4,553.97 Pension contribution 10,853.00 8,737.50 FICA taxes 660.00 464.69 Medical and life insurance 4,896.00 4,299.87 Rental of equipment 4,840.00 15.00 Agricultural and horticultural supplies 2,310.00 1,640.07 Chemicals and ammunition 1,100.00 771.75 Tools 798.00 774.89 Gas and oil 5,995.00 2,439.42 Improvements other than building 5,500.00 251.56 Materials to maintain streets 20,020.00 10,529.83 Automotive equipment maintenance materials 7,260.00 4,584.55 Other equipment maintenance materials 3,960.00 3,932.14 Medical and hospital service - 550.00 Traffic control materials 330.00 299.95 General office supplies .50 208,079.00 136,834.66 Street Light and Traffic Control: Salaries and wages 6,716.00 6,445.91 Improvements other than building maintenance services 20,900.00 17,567.93 Electrical light and power 550.00 281.22 Workmen's compensation insurance 377.00 265.56 Tools 825.00 107.29 Gas and oil 110.00 - Other than buildings maintenance materials 1,650.00 1,459.39 Traffic control materials 4,400.00 49674.06 Pension contribution 750.00 662.13 Medical and life insurance 419.00 441.96 Equipment rental 2,561.00 29145.24 Other equipment maintenance materials - (90.00) 39,258.00 33,960.69 Capital Improvements: Payment of debt obligation 214,500.00 194,475.24 Engineering services - 258.00 $ 214,500.00 194,733.24 (Continued) 11 Exhibit A-3 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued Appropriations Actual Municipal Garage: Salaries and wages $ 20,867.00 18,005.15 Automotive equipment maintenance 55.00 56.85 Other equipment maintenance 1,100.00 - Printing 220.00 156.55 Laundry and cleaning services 2,200.00 2,780.04 Training expense 220.00 152.21 Workmen' s compensation insurance 706.00 496.48 Pension contribution 2,321.00 2,027.95 Medical and life insurance 865.00 908.04 General office supplies 83.00 158.52 Periodicals and books 83.00 17.93 Chemicals and ammunition 220.00 43.43 Sanitation supplies 550.00 371.05 Fuel 8,250.00 14,981.80 Medical and laboratory supplies 55.00 26.22 Tools 660.00 327.24 Gas and oil 330.00 189.86 Building maintenance material 550.00 558.04 Automotive equipment maintenance material 1,100.00 2,270.86 Other equipment maintenance material 825.00 164.01 Service to maintain buildings 550.00 100.00 Service to improvements other than buildings - 463.41 41,810.00 44,255.64 Total Public Works $ 573,292.00 475,338.93 Health and Welfare: Pest control - contractual service 18,700.00 13,155.20 Cardio pulmonary resuscitation: Salaries and wages - 2,374.00 Training expense - 65.00 Other commodities - 289.27 - 2,728.27 Total Health and Welfare $ 18,700.00 15,883.47 (Continued) 12 Exhibit A-3 IVILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Detailed Operating Expenditures (and Comparison with Appropriations) , Continued I Appropriations Actual Culture and Recreation: Library: Salaries and wages $ 34,061.00 26,037.69 Telephone and telegraph 2,228.00 1,401.84 Postage 303.00 204.05 Travel expense 22.00 - Building maintenance service - 180.59 Office equipment maintenance 103.00 151.50 Other equipment maintenance 1,518.00 3,083.49 Other professional services 220.00 1,052.69 Laundry and cleaning services 3,089.00 2,904.00 Other contractual services 110.00 Fire and extended coverage insurance 1,070.00 483.90 Liability and property damage insurance 728.00 1,086.97 Bond coverage 23.00 17.09 Workmen's compensation insurance 55.00 38.48 Pension contribution 2,514.00 2,258.99 FICA taxes 558.00 367.10 Medical and life insurance 1,663.00 895.48 Rental of equipment 825.00 1,143.18 Dues and memberships 44.00 75.00 General office supplies 138.00 178.58 Periodicals and books 1,210.00 1,082.98 Printing 55.00 30.36 Fuel 1,694.00 1,313.18 Licensing and regulatory supplies 1,650.00 1,362.20 Household supplies 110.00 22.40 Food 17.00 20.57 Minor equipment, tools and hardware 61.00 57.08 Building maintenance materials - 16.73 Other equipment maintenance materials - 560.00 Chemicals and ammunition - 41.52 Total Culture and Recreation $ 54,069.00 46 067.64 Total operating expenditures $ 3,517.630.00 3.140.191.60 r Exhibit A-4 VILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Capital Outlay (and Comparison with Appropriations) Year ended April 30, 1978 Appropriations Actual General Government: Finance and Accounting - office machine and equipment $ 644.00 881.35 Engineering: Office furniture and fixtures 891.00 673.90 Office machinery and equipment 88.00 - Other machinery and equipment - 45.00 979.00 718.90 Village Hall: Improvements other than buildings 3,190.00 (615.00) Furniture, furnishings and interior 880.00 512.40 4,070.00 (102.60) $ 5,693.00 1,47.65 Public Safety: Police Service: Improvements other than buildings - 430.00 Automotive equipment 39,050.00 5,129.39 Office machinery and equipment 1,620.00 1,204.98 Other furniture and fixtures 979.00 91.20 Other machinery and equipment 4,161.00 2,920.20 Office furniture and fixtures 99.00 70.24 45,909.00 9,846.01 Fire Service: Buildings 7,150.00 12,846.95 Improvements other than buildings 2,805.00 - Automotive equipment 15,510.00 6,255.50 Office furniture and fixtures 495.00 570.80 Other machinery and equipment 12,100.00 6,513.34 Other furniture and fixtures 2,420.00 997.57 Office machinery and equipment 330.00 695.00 40,810.00 27,879.16 Bureau of Inspection: Automotive 6,050.00 5,182.50 Office equipment 275.00 364.95 6,325.00 5,547.45 $ 93,044.00 43,272.62 (Continued) 2 Exhibit A-4 jVILLAGE OF OAK BROOK, ILLINOIS Corporate Fund Schedule of Capital Outlay (and Comparison with Appropriations) , Continued Appropriations Actual Public Works: Administration - office machinery and equipment $ - 161.10 Street Maintenance: Improvements other than buildings 11,000.00 - Automotive equipment 37,400.00 32,359.92 Other machinery and equipment 1,843.00 1,760.00 50,243.00 34,119.92 Capital Improvements and Street Lights: Engineering services 2,200.00 - Street improvements (5,954.45) 2,200.00 (5,954.45) Street Light and Traffic Control - improvements other than buildings 8,800.00 - $ 61}243.00 28,326.57 Health and Welfare: Cardio pulmonary resuscitation: Other furniture and fixtures _ 224.58 Other machinery and equipment 2,239.20 $ - 2463.78 Culture and Recreation - Library: Library books 18,700.00 20,609.96 Other furniture and fixtures 809.00 502.35 Building 14,330.00 11,924.55 Improvements other than building 556.00 Nonprint media 1,100.00 554.24 Office furniture and fixtures 182.00 - $ 35,677.00 33,591.10 Total capital outlay $ 195,657.00 109,151.72 i Exhibit B VILLAGE OF OAK BROOK, ILLINOIS Special Revenue Funds Combined Balance Sheet April 30, 1978 Federal Revenue Motor Sharing Fuel Trust Tax Fund Fund Assets Combined (Exhibit C) (Exhibit D) Cash $ 4.11 2.97 1.14 Savings account 299.42 258.59 40.83 State of Illinois Public Treasurer' s Investment Pool 105,518.00 55,015.00 50,503.00 Accrued interest receivable 476.38 259.62 216.76 Allotments receivable 5,341.41 5,341.41 - Total assets $ 111.639.32 60,877.59 50,761.73 Liabilities Accounts payable 8,714.51 5,196.46 3,518.05 Fund balances 102,924.81 55,681. 13 47,243.68 Total liabilities and fund balance $ 111,639.32 60 877.59 50,761 dj See accompanying notes to financial statements. i Exhibit B-1 VILLAGE OF OAK BROOK, ILLINOIS Special Revenue Funds rCombined Statement of Revenues and Expenditures and Fund Balance IYear ended April 30, 1978 Federal Motor Revenue Combined Fuel Sharing total Tax Fund Trust Fund Revenue: Intergovernmental revenue $ 109,749.74 66,746.74 43,003.00 Interest on investments 8,736.76 3,787.80 4,948.96 Total revenue 118,486.50 70,534.54 47,951.96 Expenditures: Public works 76,419. 18 76,419. 18 - Culture and recreation 61,935.84 - 61,935.84 Operating expenditures 138,355.02 76,419. 18 61,935.84 Capital outlay 23,190.53 - 23,190.53 Total expenditures 161,545.55 761419. 18 85,126.37 (Excess) of expenditures over revenue (43,059.05) (5,884.64) (37,174.41) Fund balance at April 30, 1977 145,983.86 61,565.77 84,418:09 Fund balance at April 30, 1978 $ 102,924.81 61.12, 4LZ See accompanying notes to financial statements. i ' VILLAGE OF OAK BROOK, ILLINOIS Exhibit C Motor Fuel Tax Fund Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Fund Balance Year ended April 30, 1978 Estimated revenue and appropriations Actual Revenue: Allotments from State of Illinois $ 57,616.00 66,746.74 Interest earned 3,000.00 3,787.80 Total revenue 60,616.00 70,534.54 Expenditures: Chemicals and ammunition 19,800.00 20,356.91 Street lighting 17,600.00 20,062.27 Construction payments to State of Illinois 39,600.00 36,000.00 Total expenditures 77,000.00 76,419.18 (Excess) of expenditures over revenue $( 4.Q0) (5,884.64) Fund balance at April 30, 1977 61,565.77 Fund balance at April 30, 1978 $ See accompanying notes to financial statements. r Exhibit D 1 VILLAGE OF OAK BROOK, ILLINOIS Federal Revenue Sharing Trust Fund rStatement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) and Fund Balance Year ended April 30, 1978 IEstimated revenue and appropriations Actual Revenue: Entitlements from federal government $ 33,298.00 43,003.00 Interest on investments 2,300.00 4,948.96 Total revenue 35,598.00 47,951.96 Expenditures: Transfer to Capital Projects Fund 39,050.00 29,701.74 Principal payment on note 33,754.00 32,363.92 Interest payment on note 9,623.00 7,068.92 Transfer to Corporate Fund 26,950.00 24,500.00 Other 110.00 439.80 Library remodeling - (8,948.01) Total expenditures 109,487.00 85,126.37 (Excess) of expenditures over revenue $ (7 ,889.00) (37,174.41) Fund balance at April 30, 1977 841418.09 Fund balance at April 30, 1978 $ 47,243.68 See accompanying notes to financial statements. Exhibit E ' VILLAGE OF OAK BROOK, ILLINOIS Debt Service Fund Balance Sheet April 30, 1978 Assets Cash $ .31 Certificate of deposit 74,110.50 Taxes receivable 843,838.05 Total assets $ 917,948.86 Liabilities Interest payable from current tax levy 835,467.50 Fund balance 82,481.36 Total liabilities and fund balance $ 917,948.86 See accompanying notes to financial statements. j 1 I 1 1 1 1 1 Exhibit E-1 VILLAGE OF OAK BROOK, ILLINOIS Debt Service Fund Statement of Revenue and Expenditures and Fund Balance Year ended April 30, 1978 Actual Revenue: Property tax levy $ 843,838.05 Accrued interest received on sale of bonds 71,611.50 Interest on investments 2,499.31 917,948.86 Expenditures - interest on bonds - June 1, 1978; December 1, 1978; and June 1, 1979 835,467.50 Excess of revenue over expenditures 82,481.36 Fund balance at inception - Fund balance at April 30, 1978 $ 82,481.36 See accompanying notes to financial statements. Exhibit F VILLAGE OF OAK BROOK, ILLINOIS Capital Project Funds Combined Balance Sheets April 30, 1978 Sports Core Purchase Agreement Bike and Golf Pathway Assets Combined Course System Cash $ 187.97 187.97 = Investments 6,434,427.55 6,4341427.55 Accured interest receivable 10,157.37 10,157.37 $ 6.444.772.89 6 444.772.89 Liabilities Accrued expenses 83,446.90 83,446.90 - Accrued interest payable 84,142.75 849142.75 - Purchase agreement payable 5,375,000.00 5,375,000.00 - Fund balance 902,183.24 902,183.24 $ 6 444772.89 6.444.772.89 See accompanying notes to financial statements. Exhibit F-1 VILLAGE OF OAK BROOK, ILLINOIS Capital Projects Funds Combined Statement of Revenue and Expenditures and Fund Balance Year ended April 30, 1978 Sports Core Purchase Agreement Bike and Golf Pathway Combined Course System Revenue: Bond proceeds $ 10,270,408.00 10,270,408.00 - Transfer from Federal Revenue Sharing Trust Fund 29,701.74 - 29,701.74 Interest on investments 263,772.53 263,772.53 - Total revenue 10,563,882.27 10,534,180.53 29,701.74 Expenditures: Bike pathway system construction 29,701.74 - 29,701.74 Purchase agreement 9,420,000.00 9,420,000.00 - Interest on purchase agreement 84,142.75 84,142.75 - Administration: Temporary salaries 219.47 219.47 - ' Postage 1,408.63 1,408.63 Fiscal agent services 321077.23 32,077.23 Legal services 52,538.10 52,538.10 - Other professional services 16,025.75 16,025.75 - Advertising 1,068.60 1,068.60 Printing 6,917.26 6,917.26 Reception and entertainment 525.00 525.00 - Other contractual services 16,820.00 16,820.00 General office supplies 176.86 176.86 Other commodities 77.64 77.64 - Total expenditures 9,661,699.03 9,631,997.29 29,701.74 Excess of revenue over expenditures 902,183.24 902,183.24 - Fund balance at April 30, 1977 - - - ' Fund balance at April 30, 1978 $ 902,183.24 902183.24 - See accompanying notes to financial statements. i 1 Exhibit G VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund Balance Sheet April 30, 1978 Operations Depreciation, and Bond and Bond improvement Combined maintenance interest reserve and extension Surplus Assets total account account account account account Cash $ 19.53 5.36 4.65 8.27 1.25 - Investments 1,0723,487.66 46,772.58 5,742.15 234,662.61 434,690.39 350,619.93 Receivables: Customers: Billed water sales 41,554.97 41,554.97 - - - - Estimated unbilled water sales 112,646.03 112,646.03 _ - - - Accrued interest 13,549. 13 40.02 8,282.95 3,150.89 2,075.27 Other 83,166.45 83,166.45 - - - - ' 250,916.58 237,407.47 - 8,282.95 3,150.89 2,075.27 Inventory of equipment 28,828.17 28,828.17 - - - - Due (to) from other Waterworks System Fund accounts - - (5,746.80) - 1,550.00 4,196.80 Acquisition and construction accounts - revenue bonds of 1976: Cash 5.59 5.59 - - - Investments 672,345.07 672,345.07 Accrued interest receivable 6,933.60 6,933.60 Construction in progress 2,764,365. 15 2,764,365.15 - - - - Unamortized bond discount 44,292.41 44,292.41 _ _ - 3,487,941.82 3,487,941.82 Plant and equipment at cost, net of accumulated depreciation and amortization of $475,119.21 3,374,522.69 3,374,522.69 - - - Unamortized bond discount 44,393.50 44,393.50 - - - - $ 8,259,109.95 7,219;871.59 - 242,953.83 439, 92.53 .00 Liabilities Accounts payable 65,464.98 23,647.04 - - 41,817.94 Accrued payroll 1,264.70 1,264.70 - - - - I Deposits 37,825.02 37,825.02 Due to other funds 129.66 129.66 104,684.36 622866.42 - - 41,817.94 - Acquisition and construction account - revenue bonds of 1976: - - - Accounts payable 300,881.86 300,881.86 - Contracts payable 61,246.28 61,246.28 - - - 362,128.14 362,128.14 - - - Bonds payable: Revenue bonds of 1973 due serially from May 1, 1978 to May 1, 1996 3,075,000.00 3,075,000.00 - - - Revenue bonds of 1976 due serially from May 1., 1978 to - - May 1, 1992 2,900,000.00 2,900,000.00 - - Fund balance/retained earnings: Restricted accounts 11223,234.10 225,813.68 _ 242,953.83 397,574.59 356,892.00 Equity in plant and equipment 343,916. 19 343,916.19 Unappropriated 250,147. 16 _ 250,147.16 - - - - 1 817,297.45 819,877.03 - 242,953.83 397,574.59 3562892.00 $ 8.259,109.95 7}219,871.59 - 242,953.83 439,392.53 3560892.00 See accompanying notes to financial statements. Exhibit G-1 ' VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund Statement of Revenue and Expenditures (and Comparison with Estimated Revenue and Appropriations) ' Year ended April 30, 1978 Estimated revenue and appropriations Actual Operating revenue: Sale of water $ 912,200.00 917,620.07 Fire line water charges 80,000.00 109,000.09 Meter installations 7,700.00 19,505.00 Water connection charges 59,360.00 87,920.00 Special service charges 8,596.00 10,556.25 Other charges and penalties 10,000.00 9,201.02 12077,856.00 1,153,802.43 ' Operating expenditures: Source of supply 24,301.00 17,943.92 Power and pumping 134,333.00 167,914.36 Purification 29,738.00 11,79'x.51 Transmission and distribution 74,328.00 74,182.33 Reimbursement to Corporate Fund for services 38,500.00 .34,999.92 301,200.00 306,835.04 Net operating revenue before depreciation 776,656.00 8462967.39 Provision for depreciation - 106,794.49 ' Net operating revenue after depreciation 776,656.00 740,172.90 Other income (expense) : Bond interest expense (355,108.00) (322,825.00) Interest on investments 48,795.00 73,354.06 Amortization of bond discount (9,443.00) Fiscal agents' fees (440.00) (465. 10) Construction reimbursements 41,383.00 25,042.55 (265,370.00) (234,336.49) Net revenue $ 511 286.00 505,836.41 See accompanying notes to financial statements. Exhibit G-2 VILLAGE OF OAK BROOK, ILLINOIS ' Waterworks System Fund Statement of Changes in Fund Balance/Retained Earnings Year ended April 30, 1978 Acquisition and Operations and construction Restricted accounts maintenance account accounts Depreciation, Equity in Revenue Revenue Bond and Bond improvement Combined plant and bonds of bonds of interest reserve and extension Surplus total Unappropriated equipment 1973 of 1976 account account account account Balance at April 30, 1977 $ 1,373,124.38 224,203.20 314,471.70 25,357.89 79,211.94 - 176,226.77 320,696.43 232,956.45 Add (deduct) : - Net revenue 505,836.41 505,836.41 - - - - - Transfers in accordance with bond ordinance - (881,400.35) - _ = 514,337.52 54,000.00 100,000.00 213,062.83 Redistribute: Provision for depreciation 106,794.99 (106,794.99) - Bond discount amortization - 8,662.00 (4,170.09) - (4,491.91) - - - - Capital outlay provided from: - - - - - - - Operations and maintenance (74,161.77) 74,161.77 Depreciation, improvement and extension - - 126,975.80 _ _ _ _ (126,975.80) Equipment repairs (10,595.30) 100,000.00 (110,595.30) Payment of bond interest - 322,825.00 - - - (322,825.00) - - - Capitalization of bond - - - - - - - - - principal payments 1009000.00 100,000.00 (200,000.00) Transfer to Corporate Fund (105,000.00) (105,000.00) Interest on investments 97,753.26 - - 2,838.31 94,914.95 - - - - Redistribution of interest on investments pursuant to bond ordinance - (62)612.32) - - - 8,487.48 12,727.06 25,525.06 15,872.72 Engineering expenses (43,609.82) _ _ _ (43,609.82) Advertising expenses (95.28) (95.28) Photographing expenses (116.20) - - - (116.20) - - - - Close out acquisition and construction account - - - - - - revenue bonds of 1973 (160,728.00) (28,196.20) 188,924.20 ' Net additions 444,173.07 25,943.96 29,444.49 (25,357.89) 146,601.74 - 66,727.06 76,878.16 123,935.55 Balance at April 30, 1978 $ 10817,297.45 250,147.16 343,916.19 - 225,813.68 - 244953.83 397,574.59 356892.00 See accompanying notes to financial statements. Exhibit G-3 VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund Statement of Changes in Financial Position (Operations and Maintenance Account only) Year ended April 30, 1978 FundsP rovided: Net revenue (Exhibit F-1) $ 505,836.41 Provision for depreciation and amortization of bond discount 116,237.99 Total funds provided 622,074.40 Funds used: ' Transfers in accordance with bond ordinance, net 619,303.35 Capital outlay 74,161.77 Redistribution of interest to other accounts pursuant to bond ordinance 62,612.32 Total funds used 756,077.44 Decrease in working capital $ 134,003.04 Increase (decrease) in various elements I of working capital: Cash (16.86) Investments 22,572.58 ' Receivables (353.38) Inventory of equipment 6,701. 17 Due from other Water Fund accounts (160,728.00) Accounts payable 32,826.83 Deposits (36,025.02) Due to other Water Fund accounts 1,019.64 $(134,003.04) See accompanying notes to financial statements. Exhibit G-4 1 VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund Schedule of Operating Expenditures and Summary of Capital Outlay (and Comparison with Appropriations) Year ended April 30, 1978 Appropriations Actual Operating expenditures: Source of supply: - - Purchased water - Lombard, Illinois $ Purchased water - Hinsdale, Illinois 6,392.59 Salaries and wages 5,771.00 3,446.63 FICA taxes and workmen's compensation insurance 253.00 69.28 Building maintenance 550.00 Automotive equipment maintenance material 220.00 337.30 Other improvement maintenance 13,200.00 3,164.71 Telephone and telegraph 1,265.00 1,353.28 Pension contribution 409.00 435.83 Medical and life insurance 158.00 185.19 Agricultural supplies 880.00 - Sanitation supplies 275.00 106.53 Tools 220.00 215.21 Gas and oil 550.00 470.87 Building maintenance materials 550.00 761.50 Rental of land - 1,005.00 1 Total source of supply 24,301.00 17,943.92 Power and pumping: Salaries and wages 9,814.00 6,850.09 Workmen's compensation insurance 261.00 184.74 Equipment maintenance 33,000.00 42,761.52 Electric light and power 88,000.00 116,017.39 Laundry services - .28 Pension contribution 1,074.00 653.74 Medical and life insurance 259.00 277.79 Sanitation supplies 110.00 33.00 Tools 165.00 206.06 Gas and oil 550.00 147.40 Equipment maintenance materials 17100.00 782.35 Total power and pumping 134,333.00 167,914.36 Purification: Salaries and wages 3,769.00 3,446.72 Workmen's compensation insurance 99.00 69.28 Postage 165.00 98.30 Equipment maintenance 1,100.00 150.54 ' Pension contribution 409.00 435.83 Medical and life insurance 161.00 185.19 Chemicals and ammunition 22,550.00 5,524.88 Drugs and laboratory supplies 330.00 151.98 ' Tools 55.00 72.14 Equipment maintenance materials 11100.00 1,659.65 Total purification $ 29,738.00 11,794.51 (Continued) 2 Exhibit G-4 VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund ' Schedule of Operating Expenditures and Summary of Capital Outlay (and Comparison with Appropriations) , Continued Appropriations Actual Transmission and distribution: Salaries and wages $ 47,406.00 33,849.31 Other improvement maintenance 5,500.00 20,051.78 Automobile maintenance 330.00 306.00 Equipment maintenance 110.00 62.00 Professional services 572.00 220.00 Laundry services 110.00 637.40 Training expenses 4,704.00 - Pension contribution 2,971.00 3,510.55 Medical and life insurance 55.00 1,681.43 Dues and membership fees 55.00 - General office supplies 330.00 80.25 ' Chemicals 550.00 - Tools 1,320.00 855.66 Gas and oil 4,400.00 888.17 Other improvement maintenance materials 770.00 4,363.24 Automotive maintenance materials 550.00 928.45 Equipment maintenance materials - 443.04 Fire and extended coverage insurance 587.00 386.59 Liability and property insurance 1,274.00 2,462.90 Other contractual services 440.00 767.05 Workmen's compensation insurance 1,305.00 912.17 FICA taxes 310.00 181.39 License fees 17.00 . Maps, magazines, periodicals and books 55.00 - Automobile insurance 607.00 491.20 Recording fees _ 55.00 Rental of tollway land 1,005.00 Clothing allowance - 43.75 Total transmission and distribution 74,328.00 74,182.33 Reimbursement to Corporate Fund for services 38,500.00 34,999.92 Total operating expenditures $ 301 0�2 0.00 306,835.04 Summary of capital outlay: - Other improvements - water meters 14,300.00 11,524.56 Hydrants 4,400.00 Engineering and other contractual services 242.00 26.55 Automotive equipment 9,900.00 7,248.99 Watermains 359,150.00 161,433.02 Other machinery and equipment 29,810.00 20,904.45 Total capital outlay $ 417,802.00 201, 31 7.57 Exhibit G-5 VILLAGE OF OAK BROOK, ILLINOIS Waterworks System Fund Schedule of Plant and Equipment and Accumulated Depreciation and Amortization Year ended April 30, 1978 1 Rate of depreciation Plant and equipment or Accumulated depreciation and amortization Net asset Balance Additions Balance amortization Balance Additions Balance value Apr.30,1977 and transfers Apr.30,1978 Years Apr.30,1977 and transfers Apr.30,1978 Apr.30,1978 Waterworks plant and equipment: - Land and land rights $ 2,818.80 - - - -2,818.80 2,818.80 Service of supply plant - wells and springs 314,753.30 _ 314,753.30 40 26,133.45 7,868.83 34,002.28 280,751.02 Structure and improvements 68,232.40 68,232.40 40 6,607.61 1,705.81 8,313.42 59,918.98 Electrical pumping equipment 118,745.37 - 118,745.37 40 12,000.05 2,968.63 14,968.68 103,776.69 ' Total water treatment equipment 5,324.65 - 5,324.65 10 2,129.88 532.47 2,662.35 2,662.30 Distribution, reservoirs, mains and standpipes 2,694,523.88 107,534.69 2,802,058.57 40 241,677.33 68,707.28 310,384.61 2,491,673.96 Meters and meter installation 177,776.23 11,524.56 189,300.79 15 43,059.25 12,235.89 55,295.14 134,005.65 Hydrants 120,562.40 - 120,562.40 40 11,684.73 3,014.06 14,698.79 105,863.61 Miscellaneous tools and equipment: 1 Office furniture and equipment 3,449.05 - 3,449.05 10 1,363.24 344.91 1,708.15 1,740.90 Transportation equipment 13,033.70 7,248.99 20,282.69 6 6,099.62 2,776.36 8,875.98 11,406.71 Tools, shop and garage equipment 2,851.57 - 2,851.57 5 2,206.94 570.31 2,777.25 74.32 Laboratory equipment 1,069.59 - 1,069.59 5 855.28 213.92 1,069.20 .39 Miscellaneous equipment 7,427.30 20,904.45 28,331.75 5 5,384.39 3,575.91 8,960.30 19,371.45 Intangible plant - organization 11,403.09 - 11,403.09 5 9,122.48 21280.61 11,403.09 - ' Construction in progress 106,533.03 53,924.88 160,457.91 - - - - 160,457.91 $ .648.504.36 201,137.57 .849.641.93 368,324.25 106,794.99 475,119.24 3.374.522.69 Exhibit H VILLAGE OF OAK BROOK, ILLINOIS Trust and Agency Funds Combined Balance Sheet April 30, 1978 ' Police Firemen's Pension Pension Assets Combined Fund Fund ' Cash $ 46.42 26.01 20.41 Certificates of deposit 1,880,000.00 985,000.00 895,000.00 Savings accounts 11,599.23 8,299.57 3,299.66 Accrued interest receivable 14,289.12 8,806.77 5,482.35 Due from other funds 32,017.23 14,937.66 17,079.57 Amounts to be provided from future tax levies and other sources to fund actuarial deficiency for prior service costs 656,286.00 635,666.99 20,619.01 $ 2,594,238.00 1,652;737.00 941,501.00 ' Liabilities Accrued pension expense 3,239.41 2,325.62 913.79 Reserves: Funded obligations: ' Statutory 305,251.00 300,000.00 5,251.00 Excess 1,629,461.59 714,744.39 914,717.20 Unfunded actuarial deficiency for prior service costs 6561286.00 635,666.99 20,619.01 $ 2.594.238.00 1,652,737.00 141,5-0-1.00 See accompanying notes to financial statements. Exhibit H-1 ' VILLAGE OF OAK BROOK, ILLINOIS Police Pension Fund ' Statement of Revenue and Expenditures (and Comparison with Budget) and Reserve for Funded Obligations Year ended April 30, 1978 Budget Actual Revenue: ' Employees' contributions $ 45,310.00 43,065.82 Village contributions 79,958.00 129,084.07 Interest on investments 56,500.00 61,562.04 Other 100.00 100.00 Total revenue 181,868.00 233,811.93 ' Expenditures: Pension benefit expense 16,937.00 27,907.44 Audit fee 425.00 425.00 ' Recording fees 25.00 25.00 Other commodities 50.00 - Contribution refund - 5,408.16 Total expenditures 171437.00 33,765.60 Excess of revenue over expenditures $ 164431.00 200,046.33 Reserve - funded obligation at April 30, 1977 814,698.06 ' Reserve - funded obligation at April 30, 1978 $ 1.014.744.39 See accompanying notes to financial statements. ' Exhibit H-2 VILLAGE OF OAK BROOK, ILLINOIS Firemen's Pension Fund ' Statement of Revenue and Expenditures (and Comparison and Budget) and Reserve for Funded Obligations ' Year ended April 30, 1978 ' Budget Actual Revenue: Employees' contributions $ 39,532.00 40,544.48 Village contributions 102,017.00 156,610.06 Interest on investments 43,200.00 54,263.71 ' Other - 100.00 Total revenue 184,749.00 251,518.25 ' Expenditures: Pension benefit expense - 9,290.20 Audit fee 425.00 425.00 ' Recording fees 25.00 25.00 Other commodities 50.00 7.00 Seminar and meeting - 20.00 Medical and hospital service - 195.00 Total expenditures 500.00 9,962.20 ' Excess of revenue over expenditures $ 184,249.00 241,556.05 Reserve - funded obligation at April 30, 1977 678,412. 15 ' Reserve - funded obligation at April 30, 1978 $ 919,968.20 ' See accompanying notes to financial statements. Exhibit H-3 VILLAGE OF OAK BROOK, ILLINOIS Trust and Agency Funds Combined Statement of Revenues, Expenditures and Fund Balance Year ended April 30, 1978 ' Police Firemen's Combined Pension Pension total Fund Fund Revenue: Employees' contributions $ 83,610.30 43,065.82 40,544.48 Village contributions 285,694.13 129,084.07 156,610.06 Interest on investments 115,825.75 61,562.04 54,263.71 Other 200.00 100.00 100.00 Total revenue 485,330. 18 233,811.93 251,518.25 Expenditures: Pension benefit expense 37,197.64 27,907.44 9,290.20 Audit fee 850.00 425.00 425.00 Contribution refund 5,408. 16 5,408.16 Miscellaneous 272.00 25.00 247.00 Total expenditures 43,727.80 33,765.60 9,962.20 Excess of revenue over expenditures 441,602.38 200,046.33 241,556.05 Fund balance at April 30, 1977 1,493,110.21 814,698.06 678,412. 15 Fund balance at April 30, 1978 $ 1,934,712.59 1.014.744.39 219,968.20 See accompanying notes to financial statements. Exhibit I VILLAGE OF OAK BROOK, ILLINOIS Statement of General Fixed Assets April 30, 1978 General Fixed Assets: Land $ 188,741.00 Buildings 4,614,350.74 Furniture and fixtures 219,940.89 Roadway improvements 758,252.37 Automotive equipment 281,296.54 Other equipment 620,478.55 Library books 75,583.77 Investment in Fixed Assets $ 6.758.643.86 See accompanying notes to financial statements. I 1 i I Exhibit I-1 VILLAGE OF OAK BROOK, ILLINOIS Schedule of Changes in Investment in General Fixed Assets ' Year ended April 30, 1978 Furniture and Roadway Automotive Other Library Land Buildings fixtures improvements equipment equipment books Total Balance at April 30, 1977 $ 188,741.00 4,589,579.24 216,297.85 734,431.84 232,369.23 603,693.43 54,419.57 6,619,532.16 Additions: Corporate - 24,771.50 3,643.04 630.00 61,157.29 16,785.12 21,164.20 128,151.15 Capital Projects Fund - - - 23,190.53 - - - 23,190.53 Deletions - Corporate - - - - 12,229.98 - - 12,229.98 Balance at April 30, 1978 $ 188,741.00 4.614.350.74 219,940.89 758,252.37 281,296.54 620,478.55 LJ,3B377 6 758.643.86 l i l Exhibit J ' VILLAGE OF OAK BROOK, ILLINOIS Statement of General Long-term Debt iApril 30, 1978 Amount to be provided from future tax levies and other sources $ 11,644,728. 18 Amount available in Debt Service Fund 82,481.36 $ 11.727,209.54 Payable from future revenue and other sources: Recreation bonds payable 10,270,000.00 1 Notes payable: Principal 1,180,115.37 Interest 160,103.10 Contracts payable 116,991.07 I $ 11.727.209.54 ISee accompanying notes to financial statements. i VILLAGE OF OAK BROOK, ILLINOIS Notes to Financial Statements April 30, 1978 (1) Summary of Significant Accounting Policies The financial statements are presented in accordance with generally accepted accounting principles applicable to state and local governmental units as contained in the audit guide published by the American Institute of Certified Public Accountants. 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 defined as an independent fiscal and accounting entity with a self- balancing set of accounts recording cash and/or other resources together with all related liabilities, obligations, reserves and equities which are segregated for the purpose of carrying on specific activities or attaining I certain objectives in accordance with special regulations, restrictions or limitations. 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, Special Revenue and Debt Service 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 reported 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." Property and sales taxes are accounted for on a modified Iaccrual basis. Basis of Budgeting The Estimated Revenue and Appropriations included in the Statements of Revenue and Expenditures and Fund Balance are prepared principally on a cash basis which, for operations, approximates the basis of accounting by fund. 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. Other Investments are stated at cost. The waterworks system plant and equipment are capitalized at historic cost. Depreciation or amortization is provided on a straight-line basis over the ' estimated useful life by category. Vacation leave is computed and earned on a calendar year basis with no ' accumulation of vacation leave permitted. Accordingly, vacation leave is accounted for as disbursed and is included with salaries and wages. (2) Waterworks System Fund The ordinances authorizing the issuance of Waterworks Revenue Bonds Series 1973 and 1976 require that separate accounts be maintained in the Fund designated I 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 On 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 the next payment date. To the bond reserve account, $4,500.00 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, $8,250.00 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. 1 (Continued) 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 principal whenever there exists a deficiency in the bond and interest 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. IFunds 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 revenue 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. ' Funds received from sale of bonds for acquisition and construction are restricted until the work provided for in ordinances authorizing issuance of Waterworks Revenue Bonds Series 1973 and 1976 is completed. The acquisition and construction account - revenue bonds of 1973 was closed in accordance Iwith the ordinance. I (3) Police Pension Fund (a) Funded Obligation According to the governing act, the Board of Trustees of the Police Pension Fund is required to establish and maintain a minimum reserve balance of $10,000.00 for each policeman and each beneficiary. At April 30, 1978, the ' minimum reserve balance (statutory requirement) of $300,000.00 had been provided and in addition, the Board had exceeded the minimum by $714,744.39 for a total funded obligation of $1,014,744.39. (b) Actuarial Deficiency 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 2006. The total actuarial requirements at April 30, 1977 (the date of the latest computation) amounted to $1,652,737.00 including the actuarial reserve deficiency of $837,918.00 for prior service costs as determined by the State Department of Insurance. The actuarial reserve deficiency at April 30, 1978 has been adjusted by the amount due from other funds and accrued pension expense at April 30, 1978 and the net transactions of the Fund for the year ended April 30, 1978. However, the current normal costs and the resultant liability for the year ended April 30, 1978 are not reflected as an increase in the actuarial reserve deficiency because the date of the State Department of Insurance ' determination was as of April 30, 1977. (Continued) 4 VILLAGE OF OAK BROOK, ILLINOIS 1 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 $5,251.00. At April 30, 1978 the Board had exceeded this Iminimum by $914,717.20 for a total funded obligation of $919,968.20. (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 Department of Insurance over a 40-year period ending in 2007. At April 30, 1977 (the date of the latest computation) the actuarial requirements of the Fund amounted to $941,501.00 including an actuarial reserve deficiency of $264,613.00 for prior service costs, as determined by the State Department of Insurance. The actuarial reserve deficiency at April 30, 1978 has been adjusted by the amount due from other funds and accrued pension expense at April 30, 1978 and the net transactions of the Fund for the year ended April 30, 1978. However, the current normal costs and the resultant ' liability for the year ended April 30, 1978 are not reflected as an increase in the actuarial reserve deficiency because the date of the State Department of Insurance determination was as of April 30, 1977. (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 Waterworks System Funds. The Illinois Municipal Retirement Fund's actuary estimates that as of Decem- ber 31, 1977 the present value of total IMRF pension obligations to be borne by the Village of Oak Brook was $360,935.00. The Village had accumulated reserve assets to be used toward this obligation of $26,086.00 on the same date. Therefore, the estimated present value of future contributions to be made by the Village on behalf of present employees was $334,849.00. This pension obligation includes, in addition to future normal cost of $180,510.00, the amount of unfunded prior service cost, computed to be $154,339.00. The annual Village contribution rate fixed by the IMRF Board of Trustees pro- vides for full funding of prior service costs, including interest as deter- mined actuarially over a future period of not more than 40 years, as well as the normal retirement cost, term cost of death and disability benefits and the cost of administration of the Fund. (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 1 the construction of the Village Hall. The loan is to be paid in 84 consecutive monthly installments of principal and interest in the amount of $20,293.37 each. The installments commenced on June 1, 1976, with the final installment due on May 1, 1983. The loan is a general obligation of the Village. (Continued) 5 VILLAGE OF OAK BROOK, ILLINOIS Notes to Financial Statements ' (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 I the Oak Brook Library renovation. The entire amount of the line of credit was drawn by the Village through April 30, 1978 and the unpaid balance of the indebtedness at April 30, 1978 was $102,419.17. Payments of principal and interest are to be made in 60 consecutive installments with the final installment to be made on January 1, 1981. (c) Contract Payable to State of Illinois IThe Village entered into agreements in 1975 and 1976 with the State of Illinois. Under these agreements the State would undertake construction of ' two roadway projects, with partial reimbursement to be made by the Village. This reimbursement totaled $649,586.84 which is to be paid in 36 monthly installments. At April 30, 1978, the Village had paid 35 and 19 installments under the two agreements, respectively, and the total balance due the State was $116,991.07. (d) General Obligation Recreation Bonds - Sports Core IA special election on June 21, 1977, authorized and approved the issuance of $10,270,000.00 General Obligation Recreation Bonds - Sports Core. The bonds were sold and delivered as of September 1, 1977 for $10,270,408.00. (7) Sports Core Purchase Agreement On May 31, 1977, the Board of Trustees passed ordinances authorizing the making and execution of an agreement between the Village and the Butler Company for ' the Village to purchase approximately 269 acres of the property commonly referred to as the Butler International Sports Core, Oak Brook, Illinois, together with attendant documents. A special election on June 21, 1977 approved the purchase. The Sports Core Purchase Agreement, together with attendant documents, was en- tered as of November 1, 1977 to be paid as follows: Interest at 4.69634° beginning ' Total Principal Jan.2,1978 November 1, 1977 $ 820,000.00 820,000.00 January 2, 1978 3,225,000.00 3,225,000.00 - January 2, 1979 1,252,428.27 1,000,000.00 252,428.27 January 2, 1980 1,205,464.87 1,000,000.00 205,464.87 January 2, 1981 3,533,501.47 3,375,000.00 158,501.47 $ _ 0,036,394.61 9,420 000.00 616,394.61 The principal amount due to the Butler Company at April 30, 1978 was $5,375,000.00. i PART III INDEX TO FINANCIAL STATISTICS ' Table General Governmental Expenditures by ' Function, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . 1 General Revenues 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 Computation of Legal Debt Margin, April 30, 1978 . . . . . . . . . . . . . . S ' Summary of Debt Service to Maturity, April 30, 1978 . . . . . . . . . . . . 6 General Bonded Debt Data, April 30, 1978 . . . . . . . . . . . . . ._ 7 ' Building Permit Data, Last Ten Calendar Years . . . . . . . . . . . . . . . 8 ' Insurance in Effect, Fiscal Year 1978-1979 . . . . . . . . . . . . . . . . . 9 Miscellaneous Statistical Data, April 30, 1978 . . . . . . . . . . . . . . . 10 ' Organization Flowchart, May 1978 . . . . . . . . . . . . . . . . . . . . . . - 1 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 1978 $ 319,670 712,034 628,507 86,428 76,074 254,755 41,772 339,943 207,215 2,666,398 1977 368,902 7071421 624,661 78,111 71,530 225,542 36,084 237,195 151,597 2,501,043 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 649071 68,188 275,046 21,339 174,042 91,482 2,258,996 1974 167,620 493,658 420,765 342062 41,651 221,994 14,480 158,502 74,399 1,627,131 1973 138,288 403,233 314,908 24,406 34,020 139,397 10,892 111,190 73,073 1,249,407 1972 127,660 343,979 230,857 221499 25,431 107,429 5,846 87,962 61,284 1,012,947 1971 110,967 281,120 183,126 22,332 50,492 120,956 - 71,998 43,976 884,967 1970 101,564 239,189 125,197 26,546 20,777 94,822 - 51,396 42,560 702,051 1969 202 9Z -ZZ,4,U 6 1 0 78.14 - 511,281 1 1 t Table 2 VILLAGE Or OAK BROOK, ILLINOIS General Revenues by Source 1 Last Ten Fiscal Years Licenses Other Charges Fines Fiscal General and inter- for and Investment year sales tax permits government service forfeits interest Miscellaneous Total 1978 $ 2,960,236 195,112 110,242 112,083 77,664 71,414 178,419 3,705,170 1977 2,353,858 123,894 157,971 74,062 55,534 82,410 204,385 3,052,114 ' 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 1974 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 719.08 66,066 - -A.508 _ 100 850,400 1 r VILLAGE OF OAK BROOK, ILLINOIS Table 3 Assessed and Estimated Actual Value of Taxable Property Last Ten Fiscal Years 1 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 1978 $ 163,202 489,655 22,854 68,569 186,056 558,224 33.33° 1977 143,620 430,860 20,767 62,301 164,387 493,161 33.33 1976 128,005 382,904 20,797 62,210 148,802 445,114 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 45.00 Note - All figures 000's. Table 4 1 VILLAGE OF OAK BROOK, ILLINOIS Property Tax Rates - All Overlapping Governments 1 (per $100.00 assessed valuation) Last Ten Fiscal Years Village Junior Grade High Oak Brook Hinsdale Fiscal of Basic College School School Park Sanitary year Total Oak Brook Town* #502 #53 #86 District District 1978 5.8798 .4535 0.9789 .1973 1.8380 1.9781 .3103 .1237 1977 5.5792 - 0.9446 .1929 2.0464 1.9431 .3159 .1363 1 1976 5.787 - 1.067 . 160 2.065 2.002 .333 . 160 1975 5.804 - .899 . 151 2.114 1.987 .329 .324 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 ' *Note - Includes all county, forest preserve and township rates. Table 5 ' VILLAGE OF OAK BROOK, ILLINOIS Computation of Legal Debt Margin April 30, 1978 Assessed value $ 186.055.877 Debt limit 7.5% of assessed value 13,954,191 Debt applicable to debt limit: General Obligation Recreation Bonds $ 10,270,000 Heritage/Pullman Bank lease purchase 1,077,696 Heritage/County Bank lease purchase 1020419 Total applicable debt 11 450 115 Legal debt margin $ 2.504.076 1 VILLAGE OF OAK BROOK, ILLINOIS Table 6 Summary of Debt Service to Maturity April 30, 1978 1 Waterworks Revenue Bonds General Obligation Series 1973 Series 1976 Recreation Bonds Principal Interest Principal Interest Principal Interest Total Maturing as follows, year ending April 30: 1979 $ 100,000 154,600 125,000 157,825 - 596,763 1,134,188 1980 100,000 148,600 125,000 152,325 270,000 477,410 1,273,335 1981 125,000 142,600 125,000 146,825 400,000 464,450 1,403,875 1982 125,000 135,100 150,000 140,450 450,000 444,850 1,445,400 1983 125,000 128,725 175,000 132,800 500,000 422,800 1,484,325 1984 125,000 122,225 200,000 123,875 500,000 401,300 1,472,400 1985 150,000 115,725 200,000 112,875 600,000 379,800 1,558,400 1986 150,000 108,075 200,000 101,875 600,000 354,000 1,513,950 1987 150,000 100,575 225,000 90,875 600,000 328,200 1,494,650 ' 1988 175,000 93,075 225,000 78,500 700,000 302,400 1,573,975 1989 175,000 84,325 250,000 66,125 700,000 270,200 1,545,650 1990 200,000 75,400 275,000 51,750 700,000 238,000 1,540,150 1991 200,000 65,200 300,000 35,938 800,000 205,800 1,606,938 1 1992 200,000 54,800 325,000 18,687 800,000 167,400 1,565,887 1993 225,000 44,400 850,000 129,000 1,248,400 1994 225,000 32,700 - - 900,000 88,200 1,245,900 1995 250,000 21,000 - - 900,000 44,100 1,215,100 1996 275,000 11,000 - - - - 286,000 $ .075.000 1.638.125 _2,900.000 1,410.725 0.2� x,,314.673 4.6 Table 7 VILLAGE OF OAK BROOK, ILLINOIS General Bonded Debt Data ' April 30, 1978 ' Ratio of net general bonded debt to assessed value and net bonded debt per capita for fiscal year 1978: Census population (1975) 5,281 Assessed value $ 186,0 Gross bonded debt 10,2701000 Less Debt Service Fund balance 82,481 Net bonded debt $ 10,187,519 Ratio of net bonded debt to assessed value 5.475% Net bonded debt per capita $ 1,929 Ratio of annual debt service expenditures for general bonded debt to total general expenditures for fiscal year 1978: Principal amount - Interest 835,467 Total debt service $ 835,467 ' Total general expenditures $ 2,666,398 Ratio of debt service to general expenditures 31.333% 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 ' 1977 132 $ 14,943,921 113,212 13 $ 10,050,000 773,077 1976 73 7,940,950 108,780 3 1,740,000 580,000 ' 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 ' 1968222 1.258_.865 12 .733.180 _ 722,799 ' Table 9 VILLAGE OF OAK BROOK, ILLINOIS ' Insurance in Effect Fiscal year 1978-1979 ' Name of company Policy period Annual Type of insurance (policy number) From To Amount of coverage premium* Worker's Compensation National Ben Franklin 5-29-77 5-29-78 Statutory Employer's Liability Ins. Co. - WC6178554 $ 39,000 Public Officials Liability Forum Insurance Co. - 5-15-77 5-15-78 $1,000,000.00 ' P.O. 1129 3,000 Excess Third Party Liability Continental Casualty 5-15-77 5-15-78 5,000,000.00 ' Co. - RDX1421153 5,000 Umbrella Liability Inter-State Fire and 5-15-77 5-15-78 5,000,000.00 Marine Ins. Co. - B0697 30,000 Police Professional Drake Insurance Co. - 5-15-77 5-15-78 100,000.00 each person ' Liability B 0694 300,000.00 each incident 500,000.00 aggregate 5,000 Treasurer's Bond Lumberman Mutual 4-13-77 4-13-78 1001000.00 Casualty Co. - 75284459 73 Comprehensive Automobile Home Indemnity 5-15-77 5-15-78 500,000.00 B.I. each person Liability Company - B 0698 500,000.00 B.I. each occurrence 250,000.00 P.D. each occurrence 201,000 ' Volunteer Accident Pacific Indemnity 5- 1-77 5- 1-78 17,500.00 each occurrence Insurance Company - 175,000.00 aggregate D.S.G. 10612 938 Institutional Package Policy: Home Insurance Company 5-15-77 5-15-78 500,000.00 B.I. each occurrence (a) General Liability (a)( ( 500,000.00 P.D. aggregate ' (b) Boiler (b) 1,000,000.00 each occurrence (c) Blanket Faithful Performance (c) 1001000.00 each individual ' (d) Property/Business Income (d) As scheduled 363,000 ' Employee Benefit Programs St. -Paul Insurance 5-15-77 5-15-78 100,000.00 each occurrence Y Liability Company 512 TC 5748 *Estimated premium - binders in force. 1 ' Table 10 ' VILLAGE OF OAK BROOK, ILLINOIS Miscellaneous Statistical Data ' April 30, 1978 ' 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 ' S. Fire protection: Number of stations: 2 Number of full-time employees: 31 Number of part-time employees: 35 Vehicular equipment units: 11 1 6. Police protection: Number of employees: 26 sworn, 9 clerical Detention facilities: 2 juvenile, 6 adult ' Vehicles: 10 7. Recreation: Oak Brook Sports Core - 269 acres including 9-hole ' golf course, bath and tennis club Oak Brook Park District - 66 acres including indoor and outdoor tennis DuPage County Forest Preserve - 141 acres Midwest Country Club - 36 hole semiprivate 8. Education: Brookforest Elementary School 193 students, 10 teachers Butler Elementary School 349 students, 36 teachers ' 9. Water system: Number of customers: 266 commercial 3,309 residential ' Gallons pumped fy 1977/78: 947,999,000 10. Census data: 1960 324; 1970 4,164; 1975 5,281