AFR (Year Ended April 30, 1979) - VILLAGE OF OAK BROOK, ILLINOIS
4 • � r
R
Annual Financial Report
- Year Ended April 30, 1979
_ ANNUAL
FINANCIAL REPORT
Village of Oak Brook, Illinois
Year ended April 30, 1979
PRESIDENT
Wence F. Cerne
CLERK
Marianne Lakosil
TRUSTEES
Frederick W. Brown
George Congreve
E. Clifford Marquardt
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
Accountants' Report
Sports Core Fund
Financial Statements
PART IV
Index to Financial Statistics
Financial Statistics
VILLAGE OF OAK BROOK, ILLINOIS
Annual Financial Report
Year ended April 30, 1979
TABLE OF CONTENTS
Exhibits
Financial Supplementary
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 Sheets — All Funds and Account
Groups, April 30, 1979 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AA
Statement of Revenue and Expenditures and
Fund Balance — All Governmental Fund
Types and Trust and Agency Funds, year
ended April 30, 1979 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BB
Statement of Revenue — General and Special
Revenue Funds (and Comparison with Estimated
Revenue), year ended April 30, 1979 . . . . . . . . . . . . . . . . . . CC
Statement of General Governmental Expenditures —
General and Special Revenue Funds (and
Comparison with Appropriations), year
ended April 30, 1979 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DD
Schedule of Interfund Accounts, April 30, 1979. . . . . . . . . . . . . EE
Schedule of Bonds Payable, April 30, 1979. . . . . . . . . . . . . . . . . FF
Schedule of Investments — All Funds,
April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GG
Corporate Fund:
Balance Sheet, April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . A
Statement of Revenue and Expenditures (and
Comparison with Estimated Revenue and
Appropriations) and Fund Balance, year
ended April 30, 1979 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-1
Schedule of Detailed Revenue (and Comparison
with Estimated Revenue), year ended
April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-2
Schedule of Detailed Operating Expenditures
(and Comparison with Appropriations),
year ended April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . A-3
Schedule of Capital Outlay (and Comparison
with Appropriations), year ended
April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-4
TABLE OF CONTENTS (CONTINUED)
Exhibits
Financial Supplementary
Statement Information
Special Revenue Funds:
Combined Balance Sheet, April 30, 1979 . . . . . . . . . . . . . . . . . . B
Combined Statement of Revenues and Expenditures
and Fund Balance, year ended April 30, 1979. . . . . . . . . . . . B-1
Statement of Revenue and Expenditures (and Comparison
with Estimated Revenue and Appropriations) and
-' Fund Balance, year ended April 30, 1979:
Motor Fuel Tax Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C
Federal Revenue Sharing Trust Fund . . . . . . . . . . . . . . . . . . D
Debt Service Fund:
Balance Sheet, April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . E
Statement of Revenue and Expenditures
and Fund Balance, year ended April 30, 1979. . . . . . . . . . . . E-1
Capital Projects Funds:
Combined Balance Sheet, April 30, 1979 . . . . . . . . . . . . . . . . . . F
Combined Statement of Revenue and Expenditures and
Fund Balance,year ended April 30, 1979. . . . . . . . . . . . . . . F-1
Enterprise Fund —Waterworks System Fund:
Balance Sheet, April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . G
Statement of Revenue and Expenses (and
Comparison with Estimated Revenue and
Appropriations), year ended April 30, 1979 . . . . . . . . . . . . . G-1
Statement of Changes in Retained Earnings,
year ended April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . G-2
Statement of Changes in Financial Position
(Operations and Maintenance Account Only),
year ended April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . G-3
Schedule of Operating Expenses and Summary
of Capital Outlay (and Comparison with
Appropriations), year ended April 30, 1979 . . . . . . . . . . . . . G-4
Schedule of Plant and Equipment and Accumulated
Depreciation and Amortization,year ended
April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G-5
Trust and Agency Funds:
Combined Balance Sheet, April 30, 1979 . . . . . . . . . . . . . . . . . . H
Combined Statement of Revenues, Expenditures
and Reserve for Funded Obligations, year
ended April 30, 1979 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . H-1
Statement of Revenue and Expenditures (and
Comparison with Budget) and Reserve for Funded
Obligations, year ended April 30, 1979:
Police Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . I
Firemen's Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . J
TABLE OF CONTENTS (CONTINUED)
Exhibits
Financial Supplementary
Statement Information
General Fixed Assets:
Statement of General Fixed Assets, April 30, 1979. . . . . . . . . . . K
Schedule of Changes in Investment in General Fixed
Assets, year ended April 30, 1979. . . . . . . . . . . . . . . . . . . . . K-1
General Long-term Debt:
Statement of General Long-term Debt,
April 30, 1979. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . L
Notes to Financial Statements
Part III — Financial Statements — Sports Core Fund:
Accountants' Report
Balance Sheets, April 30, 1979 and October 31, 1978 . . . . . . . . . . . 1
Statement of Revenue and Expenses (and
Comparison with Estimated Revenue and
-- Budget), six months ended April 30, 1979 . . . . . . . . . . . . . . . . . 2
Statement of Revenue and Expenses (and Comparison
with Estimated Revenue and Budget), year ended
-- October 31, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Statement of Changes in Retained Earnings, six
months ended April 30, 1979 and year ended
October 31, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Statement of Changes in Financial Position,
six months ended April 30, 1979 and year
ended October 31, 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Schedule of Detailed Operating Expenses and
Summary of Capital Outlay (and Comparison
with Budget), six months ended April 30, 1979 . . . . . . . . . . . . . 6
Schedule of Detailed Operating Expenses and
Summary of Capital Outlay) and Comparison
with Budget), year ended October 31, 1978 . . . . . . . . . . . . . . . . 7
Schedule of Property, Plant and Equipment and
Accumulated Depreciation, six months ended
April 30, 1979 and year ended October 31, 1978 . . . . . . . . . . . . 8
Notes to Financial Statements
TABLE OF CONTENTS (CONTINUED)
Table
Part IV — Financial Statistics:
Index to Financial Statistics
General Governmental Expenditures by Function,
Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I
General Revenues by Source, Last Ten Fiscal Years . . . . . . . . . . . . . II
Assessed and Estimated Actual Value of Taxable
Property, Last Ten Fiscal Years. . . . . . . . . . . . . . . . . . . . . . . . . . III
-- Property Tax Rates — All Overlapping Governments
(per $100.00 Assessed Valuation), Last Ten
Fiscal Years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IV
Computation of Legal Debt Margin,April 30, 1979 . . . . . . . . . . . . . V
Summary of Debt Service to Maturity,
April 30, 1978. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . VI
General Bonded Debt Data, April 30, 1979. . . . . . . . . . . . . . . . . . . . VII
Building Permit Data, Last Ten Calendar Years. . . . . . . . . . . . . . . . . VIII
Insurance in Effect, Fiscal Year 1979-1980. . . . . . . . . . . . . . . . . . . . IX
Miscellaneous Statistical Data, April 30, 1979. . . . . . . . . . . . . . . . . . X
Organization Flowchart,May 1979. . . . . . . . . . . . . . . . . . . . . . . . . . —
PART
LETTER REPORT OF THE VILLAGE MANAGER
ft,
Certificate
of
Conformance
in Financial
Reporting
Presented to
vitlat",c ot Oak Brooklthois
For its annual Financial Report
for the Fiscal Year Ended
.April j 30, 1976
A Certificate of Conformance in Financial Repomng is presented
by the Municipal Finance Officers Association of the United States and Canada
to governmental units whose annual financial reports are iudged to
substantially conform to the financial reporting principles and
standards promulgated by the Rational Council on Governmental Accounting.
pMI, f
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Date:rk0v,!mb¢T -0,11�16
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VILLAGE OF OAK BROOK
1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS
June 29, 1979 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, 1979.
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 and applicable legal requirements, an appropriate letter of transmittal and extensive
statistical section and whose representations are organized into an efficiently communica-
tive 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 years ended April 30, 1977 and
April 30, 1978 have successfully passed their required Annual Reviews. We believe that our
current Annual Financial Report continues to conform to Certificate of Conformance Pro-
gram requirements, and we are submitting it to MFOA for a supplemental certificate.
The report consists of three sections:
Part I — Letter of transmittal
—' Parts II and III — The audited financial statements for the fiscal year
ended April 30, 1979 and the accompanying opinion
of the independent accountants, Peat, Marwick,
Mitchell & Co.
Part IV — Comparative statistical data and schedules which con-
tribute to the value of the report as an official refer-
ence document.
2
This 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 of-
ficials 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 $4,504,300, an increase of
$677,995, or 17.7%. Intergovernmental revenue is the major revenue source for the Village,
producing 79.0% of current year general governmental revenue, as compared with 83.1%
last year. Intergovernmental revenue increased 12% compared to 1978. 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 1978
-' Intergovernmental Revenue $3,560,387 79.0% $380,160
Licenses and Permits 215,235 4.8 20,123
Charges for Services 240,561 5.3 129,049
Fines and Penalties 103,368 2.3 25,704
Interest on Investments 212,103 4.7 133,917
Miscellaneous 32,646 .8 (10,958)
-- Transfer from Waterworks System
Fund 140,000 3.1 — 0 —
$4,504,300 100.0P/O $677,995
The Village has never levied taxes for corporate purposes. However, the as-
sessed valuation of the Village was $214,131,556, an increase of $28,075,556, or 15.1%
over the prior year.
Expenditures for general governmental purposes for the year ended April 30,
1979, were $4,119,744, an increase of $708,855, or 20.7% 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
Increased
Percent (Decreased)
Function Amount of Total over 1978
General Government S 836,270 20.3% $122,577
Public Safety 2,393,902 58.1 459,923
Public Works 743,638 18.1 163,553
Health and Welfare 16,550 .4 (1,797)
Culture and Recreation 129,384 3.13( 5,401)
54,119,744 100.0% $708,855
Included in the $4,119,744 were capital outlay expenditures amounting to
$243,537.
... Bond Debt Administration
In 1977 the Village purchased the Oak Brook Sports Core, issuing general
obligation bonds in the amount of 510,270,000. The Village also initiated a tax levy for pur-
poses of retiring the principal and interest payments of the bonds. Outstanding bonds at
April 30, 1979, are presented in Exhibit FF, with the schedule of maturities thereon pre-
sented in Table IV.
In addition, the Village has outstanding revenue bonds for the Water Works
System Fund. Outstanding bonds at April 30, 1979, are also presented in Exhibit FF, with
the schedule of maturities thereon presented in Table IV.
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 Parts II and III 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,
0 0
Kenneth G. Carmignani
Village Manager
tow
bw
ftw
PART II
FINANCIAL STATEMENTS
..
%..
...
PEAT. MARWICK. MITCHELL & CO.
CERTIFIED PUBLIC ACCOUNTANTS
222 SOUTH RIVERSIDE PLAZA
CHICAGO. ILLINOIS GOGOG
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, 1979, as listed 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 financial statements of the Sports Core Fund as of and for the six months ended
April 30, 1979 and the year ended October 31, 1978 have not been included in the
accompanying financial statements. The report on our examinations thereof is
rendered separately.
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, 1979 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.
rj"('C'
June 29, 1979
PART II
INDEX TO FINANCIAL STATEMENTS
GENERAL INDEX
Exhibit
- Combined Statements or Schedules . . . . . . . . . . . . . . . . . . . . . AA - GG
Corporate Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A
Special Revenue Funds:
Combined Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . B
Motor Fuel Tax Fund . . C
Federal Revenue Sharing Trust Fund . . . . . . . . . . . . . . . . . . D
Debt Service Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . E
Capital Projects Funds . . . . . . . . . . . . . . . . . . . . . . . . . . F
Enterprise Fund - Waterworks System Fund . . . . . . . . . . . . . . . . . G
Trust and Agency Funds:
Combined Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . H
T Police Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . . . I
Firemen' s Pension Fund . . . . . . . . . . . . . . . . . . . . . . . . J
General Fixed Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . K
General Long-term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . L
Notes to Financial Statements
fExhibit AA
VILLAGE OF OAK BROOK, ILLINOIS
All Funds and Account Groups
Balance Sheets
April 30, 1979
Account Groups
Special Debt Capital Waterworks Trust and General General
Corporate Revenue Service Projects System Agency Fixed Long-term
Fund Funds Fund Funds Fund Funds Assets Debt
i Assets (Exhibit A) (Exhibit B) (Exhibit E) (Exhibit F) (Exhibit G) (Exhibit H) (Exhibit K) (Exhibit L)
1! Cash $ 547.49 .16 4.24 63.88 36.01
Investments 2,254,301.20 90,792.09 324,574.29 5,415,289.35 1,086,623.60 2,437,470.81 - -
Accrued interest receivable 58,305.32 - 10,668.58 28,712.38 61,045.22 26,917.26 - -
I Sales taxes receivable 677,000.00 - -
11 Allotments receivable 4,231.48
Accounts receivable - customers:
Billed water sales - - - - 82,553.71 - -
Estimated unbilled water sales - 110,275.89= 110,275.89 -
State income taxes receivable 8,555.65
Property taxes receivable - - 760,630.96
Accounts receivable - other 31,922.74 676.06 - - 64,419.07 - -
Due from other funds 237.83 - = _ - 3,774.44 = _
Acquisition and construction account
assets - revenue bonds of 1976 100.48
Inventory of equipment and supplies 14,408.60 - - - 32,102.78 - -
Fixed assets, net of accumulated - - - - - - -
depreciation and amortization 6,893,731.32 6,972,792.28
Unamortized bond discount 79,550.20
Amounts to be provided from future
tax levies and other sources - - - - - 861,199.48 - 11,286,077.94
Amount available in Debt Service Fund - - - - - - - 116,238.83
$ aQ43278.83 95, 99.79 1.095.873.83 5.444.005.97 8.410,466.15 3.329,398.00 6.972;792.28 11,402,316.77
Liabilities, Reserves and
Fund Balances/Retained Earnings - - - - -
Accrued payroll 80,712.47 - 2,845.12
Accounts payable 196,829.74 5,674.05 - 177,775.36
Performance bonds payable 57,504.66 - - - - - - -
Contracts payable - _ - 13,493.13 40,331.92
Accrued expenses 47,270.07
Accrued interest payable 68,488.29
Interest payable from current tax levy - - 979,635.00 - - - -
I Purchase agreement payable - _ - 4,375,000.00 _
Charter membership refund payable 32,850.00
Deposits 523.92
Due to other funds 3,774.44 - - - 237.83 - -
Due to other agencies 472.84 _ _ _ -
Revenue bonds payable 5,750,000.00
Payable from future revenue and
other sources:
General obligation recreation
bonds payable _ _ _ _ _ _ - 10,270,000.00
Notes payable 957,046.38
Interest on notes payable - - - - - 110,485.51
Contracts payable - - - - - - - _ 64,784.88
I Total liabilities 339,294.15 5,674.05 979,635.00 4,537,101.49 5,971,714.15 - - 11,402,316.77
Reserves:
Funded obligations:
CStatutory _ _ _ _ _ 336,000.00
Excess 2,132,198.52
Unfunded actuarial deficiency for
prior service costs - - - - - 861,199.48 - -
Fund balances/retained earnings: - - - - - -
Restricted accounts 1,093,469.61 -
Equity in fixed assets 1,150,674.05 6,972,792.28
Unappropriated 2,705,984.68 90,025.74 116,238.83 906,904.48 194,608.34 - -
f $ 3,045.278.83 95,699.79 1.095,873.83 5 X444.005.97 8.410.466.15 3,329,398.00 6,972,792.28 11.402.316.77
11 See accompanying notes to financial statements.
Exhibit BB
VILLAGE OF OAK BROOK, ILLINOIS
All Governmental Fund Types and Trust and Agency Funds
Combined Statement of Revenue and Expenditures and Fund Balance
Year ended April 30, 1979
Special Debt Capital Trust and
Corporate Revenue Service Projects Agency
Fund Funds Fund Funds Funds
Revenue: - -
Intergovernmental revenue $ 3,452,822.17 107,564.43
Licenses and permits 215,235.25 - - - -
Service charges 240,560.72
Fines and penalties 103,367.48
Interest on investments 203,991.84 8,111.56 34,627.25 484,778.96 155,950.24
Miscellaneous 32,646.38 - _ _ 100.00
Transfer from Waterworks System Fund 140,000.00
Transfer from Special Revenue Fund 5,400.00 5,984. 15
Personal property tax reimbursement - - - 5,431.67 -
i Accrued interest received on sale of bonds _ _ -
Property tax levy 740,060.22
Employees' contributions - - - - 96,707.91
` Village contributions - - - - _ 3282290.57
I Total revenue 4,394,023.84 115,675.99 774,687.47 496,194.78 581,048.72
Expenditures:
Operating:
General government 829,778.28 - - - -
Public safety 2,222,086.83 - - - -
Public works 629,431.81 77,731.03 _ 134,931.30 =
r Health and welfare 16,550.08
Culture and recreation 55,769.09 44,859.88 - - -
1 Bond interest expense - _ 740,930.00 -
Bike pathway system construction 5,984. 15
Interest on purchase agreement - - - 236,773.81 -
Administration - _ _ 15,545.33 -
Miscellaneous 380.00
Pension benefit expense - - - - 38,872.92
Audit fee - - - - 940.00
Contribution refund - _ _ - 7,369.87
Personal property tax payment 54,438.95
Refund of charter membership fee - - - 43,800.00 -
Operating expenditures 3,753,616.09 122,590.91 740,930.00 491,473.54 47,562.79
Capital outlay 237,553.34 51984.15 - -
Total expenditures 3,991,169.43 128,575.06 740,930.00 491,473.54 47,562.79
Excess (deficiency) of revenue over expenditures 402,854.41 (12,899.07) 33,757.47 4,721.24 533,485.93
Fund balance/reserve for funded obligations at April 30, 1978 2,303,130.27 102,924.81 82,481.36 902,183.24 1,934,712.59
Fund balance/reserve for funded obligations at April 30, 1979 $ 2,705.984.68 0 0, 25- 4 116,238.83 906,904.48 2,468,198.52
See accompanyingnotes to financial statements.
L
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, 1979
Actual
Estimated Actual over (under)
Source and Fund revenue revenue estimated
Intergovernmental revenue:
General $ 3,063,687.00 3,452,822.17 389,135. 17
Special Revenue 97,300.00 107,564.43 10,264.43
Total intergovernmental
revenue 3,160,987.00 3,560,386.60 399,399.60
Licenses and permits - General 143,973.00 215 ,235.25 71,262.25
Charges for services - General 98,200.00 240,560.72 142,360.72
Fines and penalties - General 64,000.00 103,367.48 39,367.48
Interest on investments:
General 90,000.00 203,991.84 113,991.84
Special Revenue 4,465.00 82111.56 3,646.56
Total interest earned on
investments 94,465.00 2121103.40 1171638.40
Miscellaneous - General 137,650.00 32,646.38 (105,003.62)
Transfer from Waterworks System Fund 1401000.00 140,000.00 -
Total revenue $ .3,839,275.00 4,504,299.83 665,024.83
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, 1979
(Over) under
Function and Fund Appropriations Expenditures expended
General government - General $ 798,072.00 829,778.28 (31,706.28)
Public safety - General 2,581,968.00 2,222,086.83 359,881. 17
Public works:
General 1,123,036.00 629,431.81 493,604. 19
Motor Fuel Tax 37,400.00 77,731.03 (40,331.03)
-- 11160,436.00 707,162.84 453,273. 16
Health and welfare - General 23,542.00 16,550.08 6,991.92
Culture and recreation:
General 83,551.00 55,769.09 27,781.91
Federal Revenue Sharing 5,940.00 44,859.88 (38,919.88)
89,491.00 100,628.97 (11)137.97)
-- Total expenditures $ 4.653.509.00 1,876.207.00 777,302.00
See accompanying notes to financial statements.
Exhibit EE
VILLAGE OF OAK BROOK, ILLINOIS
Schedule of Interfund Accounts
April 30, 1979
Due from Due to
other other
Fund funds funds
Corporate:
Waterworks System $ 237.83 -
Police Pension - 1,995. 17
Firemen's Pension - 1,779.27
Total Corporate 237.83 3,774.44
Waterworks System - Corporate - 237.83
Trust and Agency:
.� Police Pension - Corporate 1,995. 17 -
Firemen's Pension - Corporate 1,779.27 -
Total Trust and Agency 3,774.44 -
Exhibit FF
VILLAGE OF OAK BROOK, ILLINOIS
Schedule of Bonds Payable
April 30, 1979
Amount of Bonds
Interest original outstanding
-- Rates Dates issue Redemption Apr.30,1979
Waterworks revenue
bonds:
6.00°
5.20
5.10
5.00
Series of 1973 4.00 11-1 and 5-1 $ 3,300,000.00 325,000.00 2,975,000.00
4.40
5. 10
5.50
Series of 1976 5.75 11-1 and 5-1 3,000,000.00 225,000.00 2,775,000.00
General obligation
recreation bonds: 4.90
4.80
4.60
4.30 6-1 and 12-1 10,270,000.00 - 10,2701000.00
$ 16.570.000.00 550,000.00 16,020 000.00
Exhibit GG
VILLAGE OF OAK BROOK, ILLINOIS
�- Schedule of Investments - All Funds
April 30, 1979
Interest Maturity Par
rates(%) dates value
' Corporate Fund:
Certificates of deposit: 10.00 % 8-20-79 $ 465,000.00
10. 10 5-23-79 250,000.00
-- 10.20 - 350,000.00
10.25 12-13-79 472,296.00
10.26 11-16-79 332,000.00
Savings account 5.00 - 21.56
Public Treasurer' s Investment Pool - 251 .22
Repurchase agreements: 11 .40 6-19-79 243,000.00
8.50 5-15-81 141,732.42
Total Corporate Fund $ 2 254,301.20
Special Revenue Funds:
Motor Fuel Tax Fund:
Savings account 5.00 - 21 .78
Repurchase agreement 8.50 5-15-81 48,240.74
48,262.52
Federal Revenue Sharing Fund:
Savings account 5.00 - 11.95
Repurchase agreement 8.50 5-15-81 42,517.62
42,529.57
Total Special Revenue Funds $ 90 792.09
Debt Service Fund:
Certificate of deposit 11.251 7- 9-79 18,792.60
Repurchase agreements: 8.50 5-15-81 85,687.67
11.00 5-30-79 210,402.02
11.40 6-25-79 9,692.00
Total Debt Service Fund $ 324,574.29
Sports Core Purchase Agreement and
Golf Course Capital Project Fund:
Certificates of deposit: 9.75 6-24-80 1,574,880.28
10.05 1- 2-80 2,500,000.00
10. 10 10-20-79 444,245.07
10.20 6- 7-79 100,000.00
11.251 7- 9-79 261,575. 73
Repurchase agreements: 8.50 5-15-81 316,961.22
11.00 5-30-79 13,013.50
-- 11.40 6-25-79 204,492.00
Public Treasurer's Investment Pool - 121.55
Total Sports Core Purchase Agreement and
Golf Course Capital Project Fund $ ,415,289.35
(Continued)
2 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 % - $ 53,307.64
Acquisition and construction account -
revenue bonds of 1976 - Public
Treasurer' s Investment Pool - 100.00
Bond and interest account:
Savings account 5.00 - 417. 11
�. Certificate of deposit 9.75 4-24-80 11,387.28
11,804.39
Bond reserve account:
Certificates of deposit: 9.75 4-24-80 274,067.62
11.225 5-15-79 28,330.00
Savings account 5.00 - 4,500.00
306,897.62
Depreciation, improvement and extension
account:
Certificate of deposit 11.225 5-15-79 1461693.00
Savings account 5.00 - 6,723.07
Public Treasurer's Investment Pool - 74.97
153,491.04
Surplus account:
Certificates of deposit: 9.75 4-24-80 376, 147.00
11.225 5-15-79 60,655.00
Repurchase agreement 8.50 5-15-81 36,955.77
Savings account 5.00 - 87,365. 14
561,122.91
Total Waterworks System Fund $ 1,086,723.60
(Continued)
3 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: 6.50 % 5-23-79 $ 100,000.00
6.75 2- 4-80 40,000.00
6.75 5-31-80 40,000.00
6.75 10-15-80 40,000.00
7.50 5-13-81 160,000.00
7.50 1-28-82 40,000.00
7.75 4-22-81 40,000.00
' 7.75 5-13-81 80,000.00
9.457 9-18-79 15,000.00
9.592 8-16-79 30,000.00
9.748 9- 3-79 20,000.00
Federal National Mortgage Association: 8.40 9-10-82 99,436.25
8.55 9-12-88 98,533.26
Federal Home Loan Bank 8.75 5-24-84 99,092.32
U.S. Treasury notes: 8.00 8-15-85 133,599.28
8.25 8-15-86 131,295.92
Savings account 5.00 - 78,616.56
1,245,573.59
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 10-26-80 70,000.00
6.75 5-27-80 60,000.00
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 2- 8-81 80,000.00
7.50 1-31-81 40,000.00
7.50 10-22-80 40,000.00
7.50 5-12-81 40,000.00
7.50 4- 7-81 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
7.50 9-14-82 70,000.00
9.59 8-16-79 40,000.00
U.S. Treasury notes: 8.00 2-15-85 87,270.00
8.25 6-30-82 50,038.76
Federal National Mortgage Association 9.20 4-10-86 98,762.40
Savings account 5.00 - 70,826.06
Total Trust and Agency Funds 1,1912897.22
$ 2,437 ,470.81
';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, 1979
Assets
,- Cash $ 547.49
Savings account 21.56
Certificates of deposit 2,112,296.00
Repurchase agreements 141,732.42
State of Illinois, Public Treasurer' s
Investment Pool 251 .22
Accrued interest receivable 58,305.32
Sales taxes receivable 677,000.00
State income taxes receivable 8,555.65
Accounts receivable - other 31,922.74
Due from other funds 237.83
Inventory of supplies 14,408.60
$ ,045,278.83
Liabilities
Accrued payroll 80,712.47
Accounts payable 196,829.74
Performance bonds payable 57,504.66
Due to other funds 3,774.44
Due to other agencies 472.84
Fund balance 22705,984.68
$ 3,045,278.83
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, 1979
Estimated
revenue and
-- appropriations Actual
Revenue (Exhibit A-2) :
Municipal sales tax $ 2,925,037.00 3,286,829.99
Illinois state income tax 76,650.00 80,841.30
York Township road and bridge tax 62,000.00 85,150.88
Service charges 98,200.00 240,560.72
Licenses and permits 143,973.00 215,235.25
Fines and penalties 64,000.00 103,367.48
Miscellaneous 222,250.00 236,638.22
Transfer from other funds 145,400.00 145,400.00
Total revenue 3,737,510.00 4,394,023.84
Expenditures:
Operating (Exhibit A-3) :
Legislative 30,880.00 31,605.74
General government 764,315.00 798,172.54
Public safety 2,391,292.00 2,222,086.83
Public works 522,546.00 629,431.81
Health and welfare 23,542.00 16,550.08
Culture and recreation 62,250.00 55,769.09
3,794,825.00 3,753,616.09
Capital outlay (Exhibit A-4) :
General government 2,877.00 6,491.30
Public safety 190,676.00 171,814.93
Public works 600,490.00 36,475.18
"- Culture and recreation 21,301.00 22,771.93
815,344.00 237,553.34
Total expenditures 41610,169.00 3,991,169.43
Excess (deficiency) of revenue over
expenditures $ (872,659.00) 402,854.41
Fund balance at April 30, 1978 2,303,130.27
Fund balance at April 30, 1979 $ .705 .984.68
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, 1979
T Estimated
revenue Actual
Municipal sales tax $ 2,925,037.00 3,286,829.99
Illinois state income tax 76,650.00 80,841 .30
York Township road and bridge tax 62,000.00 85,150.88
Service charges:
Plan review fees 8,100.00 14,132.26
Special police service 16,000.00 32,059.25
Special fire service 2,000.00 6,456.00
Engineering inspection fees 46,500.00 154,656.33
Police training reimbursement 4,000.00 7,847.25
Fire training reimbursement 4,800.00 7,215.70
Zoning fees 4,000.00 3,312.00
Recording of legal instruments 100.00 -
Miscellaneous 10,000.00 13,631.93
Registration fees 2,700.00 1,250.00
98,200.00 240,560.72
Licenses and permits:
Liquor 32,500.00 42,767.00
Electrical 20,586.00 36,837.00
Building structure 37,010.00 58,849.00
Vending machine 14,305.00 14,745.00
Elevator 9,500.00 8,795.00
Plumbing 7,980.00 17,021.75
Garbage 1 ,500.00 1,500.00
Miscellaneous 20,592.00 34,720.50
143,973.00 215 ,235.25
' Fines and penalties:
Assessed by courts 44,000.00 75,133.60
Assessed by Village 202000.00 28,233.88
64,000.00 103,367.48
Miscellaneous:
State grants - police equipment - 7,463.40
— Interest on investments 90,000.00 203,991.84
Reimbursement for loss 150.00 105.80
Foreign fire insurance tax 5,100.00 8,937.38
Contribution from private source 125,000.00 4,848.52
Miscellaneous 2,000.00 4,770.28
Federal disaster funds reimbursement - 6,521.00
222,250.00 2367638.22
Transfer from Federal Revenue Sharing Trust Fund 5,400.00 5,400.00
Transfer from Waterworks System Fund 140,000.00 140,000.00
145,400.00 145,400.00
Total revenue $ 3,737,510.00 4,3940023.84
Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Schedule of Detailed Operating Expenditures
(and Comparison with Appropriations)
Year ended April 30, 1979
Appropriations Actual
Legislative:
Board of Trustees:
Salaries and wages $ 6,193.00 5,630.08
Advertising 275.00 637.92
- Entertainment 1 ,540.00 1,277.77
Bond coverage 3,603.00 3,656. 11
FICA taxes 381.00 321.71
Dues and membership 990.00 963.60
Other commodities 330.00 398.59
Other fixed charges 11.00 3.94
Other contractual services 352.00 822.57
Recording fees - 20. 15
Contribution to IRMA - 1,614.00
Photo, printing and duplicating - 1,066.44
13,675.00 16,412.88
Plan Commission:
Salaries and wages 1,831.00 1,825. 11
Printing 1,100.00 2,346.50
Other commodities 28.00 -
Other contractual services 33.00 571.72
Other fixed charges 3.00 183.04
FICA taxes 112.00 22.83
Duplicating and drafting supplies 28.00 -
Photo and blueprinting 27.00 226. 11
General office supplies 55.00 73.80
Postage 66.00 -
Advertising 28.00 219.64
Maps, magazines, periodicals and books 55.00 47.89
3,366.00 5,516.64
Board of Firemen and Police:
Medical and hospital services 2,024.00 485.00
Professional services 880.00 1,296.60
Advertising 275.00 646.80
Other contractual services 4,840.00 746.45
-- Dues and membership 110.00 100.00
Other commodities - 69.71
8,129.00 3,344.56
Zoning Board of Appeals:
Salaries and wages 1,832.00 11839. 13
Advertising 990.00 1,439.52
Other contractual services 2,480.00 1,533.58
"- Postage 44.00 -
Other fixed charges 4.00 182.97
Printing 220.00 11168.81
._ FICA taxes 112.00 23.70
General office supplies 28.00 -
Photo, printing and duplicating - 143.95
5,710.00 67331.66
Total Legislative $ 30,880.00 31,605.74
(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 $ 39,600.00 44,004.86
-' Court cost and litigation 26,400.00 104,890.84
Salaries and wages - 7,133.53
Telephone and telegraph - 187.86
Travel expense - 29.85
Office equipment maintenance - 33.92
Medical and hospital - 254.00
Reception and entertainment - 29. 10
Pension contribution - 928.79
Medical and life insurance - 535.40
Rental of equipment - 80.62
'- Dues and membership - 27.00
General office supplies - 270. 11
Maps, magazines and periodicals - 1,413.75
Photo, printing and duplicating - 29. 13
66,000.00 159,848.76
Village Manager's Office:
-- Salaries and wages 88,182.00 77,819.56
Telephone and telegraph 853.00 849.37
Postage 412.00 389.77
Travel expenses 550.00 19.50
Automotive equipment maintenance 28.00 372. 15
Office equipment maintenance 220.00 232.50
Medical and hospital 110.00 277.00
Professional services 550.00 1,319. 14
Advertising 220.00 253.29
Printing 1,760.00 11161.46
Photographing 11.00 -
Training expenses 550.00 121.84
Entertainment 440.00 628.60
Other contractual services - 24.32
Public liability 958.00 801.89
Automobile insurance 449.00 200.63
Bond coverage 77.00 61.05
Workmen's compensation insurance 146.00 54. 17
Pension contribution 10,100.00 9,265.50
FICA taxes 113.00 35.05
Medical and life insurance 3,091.00 2,887.57
License fees 11.00 -
Dues and membership 770.00 867.96
General office supplies 660.00 769.93
Periodicals and books 220.00 168.00
Gas and oil 715.00 672.21
Automotive equipment materials 825.00 757.47
Duplicating and drafting supplies 110.00 893.05
Other commodities 11.00 23.45
Service awards - 2,365.51
Contribution to IRMA - 734.00
$ 112,142.00 104,025.94
(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 $ 264.00 175.00
Advertising 165.00 109.20
Printing 578.00 980.89
Rental of equipment 33.00 24.50
Food 44.00 27.88
Postage 16.00 23.76
General office supplies - 51.80
Travel expense - 9 .45
1, 100.00 11402.48
Finance and Accounting:
Salaries and wages 74,476.00 68,718.82
Telephone and telegraph 660.00 666.28
Postage 2,200.00 3,822.40
Office equipment maintenance 550.00 594.60
Fiscal agent service 28.00 6. 19
Auditing services 8,091.00 7,200.00
Advertising 110.00 948.34
Printing 220.00 50.20
Entertainment 82.00 13.87
Other contractual services 14,712.00 16,504.92
Liability and property 2,615.00 1,951.46
Bond coverage 141.00 111.90
Workmen' s compensation insurance 99.00 61.42
Pension contribution 7,870.00 7,414.64
FICA taxes 440.00 403.68
Medical and life insurance 4,862.00 4,991.90
Unemployment insurance 3,300.00 1,755.00
Rental of equipment 2,420.00 21879.02
Dues and membership 66.00 15.00
General office supplies 825 .00 1,083.96
_ Periodicals and books 55.00 14.50
Duplicating and drafting supplies 187.00 667.29
Travel expense 55.00 39. 15
Medical and hospital service 110.00 127.00
Training 385.00 80.00
Household institutional supplies 715.00 488.75
Other commodities 27.00 2.00
Minor equipment and tools 28.00 8.62
Contribution to IRMA - 1,247.00
$ 125,329.00 121,867.91
(Continued)
4 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Schedule of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
Engineering:
Salaries and wages $ 82,170.00 47,594.51
Telephone and telegraph 1,100.00 910. 11
Travel expenses 220.00 116.60
Automotive equipment maintenance 110.00 250.09
Office equipment maintenance 275.00 244.55
Other equipment maintenance 110.00 18.00
Engineering services 1,100.00 644.77
Medical services - 364.00
Professional services 5,500.00 1,909.32
Recording fees 165.00 39.00
�- Advertising 110.00 82.56
Postage 990.00 826.08
Printing 110.00 196.40
Photographing 550.00 397.07
Training expenses 770.00 404.40
Entertainment 33.00 -
Liability and property insurance 982.00 634. 78
Automobile insurance 394.00 347.96
Bond coverage 36.00 28.12
Workmen's compensation insurance 1,870.00 937.92
Pension contribution 9,284.00 5,395.26
FICA taxes 204.00 156.98
Medical and life insurance 2,673.00 2,267.64
Rental of equipment 952.00 -
Dues and membership 275.00 115.00
Automobile allowance 110.00 314.50
License fees 11.00 -
-- General office supplies 825.00 471 .67
Periodicals and books 165.00 190.21
Tools 165.00 32.06
Gas and oil 660.00 543.48
Automotive equipment materials 660.00 439.90
Duplicating and drafting supplies 715.00 674.69
Fire and extended coverage 21.00 16.49
Contribution to IRMA - 1,467.00
$ 113,315.00 682031. 12
(Continued)
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:
Telephone and telegraph $ 319.00 512.01
Building maintenance services 3,080.00 1,083.57
Other equipment maintenance services 3,850.00 4,852.45
Professional services 1,100.00 25,100.00
Electric light and power 19,800.00 24,773.92
Cleaning and laundry services 17,600.00 15,612.00
Fire insurance 2,409.00 2,005.28
Liability and property insurance 6,600.00 4,617.26
Contribution to IRMA - 4,035.00
Rental of equipment 3,960.00 4,098.00
Sanitation supplies 385.00 865. 14
Tools 55.00 24.55
Payment of installment contract 267,872.00 243,520.44
Other commodities - 141.44
Building maintenance materials 1 ,100.00 3,632.41
Household supplies 55.00 -
Other equipment maintenance materials 1,430.00 739.03
Chemicals and lab supplies 2,558.00 2,063.63
Service to maintenance - other than buildings 14,223.00 5,314.74
_ Office supplies 33.00 5.46
3461429.00 342,996.33
Total General Government $ 764,315.00 798,172.54
(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 $ 804,535.00 738,950. 11
Court time 13,200.00 14,739.52
Education incentive pay 17,160.00 15,600.00
Telephone and telegraph 8,800.00 8,139.56
Postage 1,760.00 1,687.45
Travel expenses 1,100.00 2,226.96
Automotive equipment maintenance 3,300.00 5,942.81
Office equipment maintenance 550.00 330.25
Other equipment maintenance 4,400.00 3,683.84
Medical services 3,190.00 3,150.00
Professional services 550.00 200.00
Advertising 495.00 190.08
Printing 1,892.00 1,709.05
Microfilming 330.00 -
Photographing 550.00 953.32
- Laundry and cleaning service 55.00 -
Training expenses 9,900.00 13,939.34
Entertainment 330.00 162.68
Liability and property insurance 27, 121.00 19,619. 11
Automobile insurance 6,310.00 3,306.71
Bond coverage 1,640.00 1,071.36
Workmen's compensation insurance 16,995.00 8,575.73
-. Pension contribution 181,577.00 164,613.48
FICA taxes 110.00 45.42
Medical and life insurance 36,410.00 32,618.51
Rental of equipment 10,120.00 8,600.84
Court cost and litigation expenses 275.00 -
Dues and membership 330.00 316.75
Clothing allowance 11,550.00 12,468.51
License fees 120.00 49.95
General office supplies 1,870.00 2,076. 19
Periodicals and books 605.00 673.99
Chemicals and ammunition 1,320.00 1,201.94
Sanitation supplies 55.00 2.94
Food 1,320.00 1,118.07
Institutional supplies 220.00 327.54
Regulatory supplies 1,430.00 11605.67
Medical and laboratory supplies 1,320.00 925.52
Tools 165.00 218.50
Gas and oil 26,400.00 27,169.20
Automotive equipment maintenance materials 6,600.00 11,237.30
Other equipment maintenance materials 3,355.00 3,282.56
Duplicating and drafting supplies 1,320.00 1,738.28
Street sign material 660.00 600.00
Other commodities 110.00 153.63
- Disinfectant and exterminating 165.00 130.93
Fire and extended coverage 728.00 463.79
Other contractual services 28.00 -
Tuition reimbursement 550.00 39.50
- Building maintenance materials 110.00 -
Contribution to IRMA - 23,694.00
$ 1,212,986.00 12139,550.89
(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 $ 695,430.00 634,962.78
Telephone and telegraph 3,025.00 3,287. 17
Postage 330.00 250.29
Travel expenses 1,287.00 849. 18
Building maintenance 550.00 270.33
Improvements other than building maintenance 1,100.00 -
Automotive equipment maintenance 2,200.00 2,513.66
Office equipment maintenance 110.00 421.95
Other equipment maintenance 3,960.00 2,141.75
Medical services 1,430.00 2,544.00
Professional services - 630.00
Advertising 116.00 16. 16
Printing 825.00 245.69
Photographing 605.00 267.73
Laundry services 660.00 645.27
Training expenses 1,980.00 1,803.74
Other contractual services 11.00 425.00
Fire insurance 4,781.00 3,081. 17
Liability and property insurance 17,068.00 12,992. 11
Automobile insurance 7,505.00 3,948.69
Bond coverage 266.00 173.58
Workmen' s compensation insurance 22,363.00 13,515.87
Pension contribution 192,474.00 171, 145.88
FICA taxes 1,505.00 887.34
Medical and life insurance 29,700.00 29,545.39
Rental of equipment 550.00 129.00
Dues and membership 264.00 160.00
Tuition reimbursement 1,402.00 180.00
Clothing allowance 10,340.00 9,028.37
License fees 22.00 -
General office supplies 605.00 1,212.98
Periodicals and books 385.00 418.36
Agricultural supplies 550.00 612. 19
Chemicals and ammunition 1,650.00 793.84
Sanitation supplies 1,650.00 997.74
Heating and power 4,400.00 6,717.21
Institutional supplies 825.00 607.66
Medical and laboratory supplies 110.00 31.64
Tools 2,750.00 1 ,877.01
Gas and oil 4,015.00 3,573.77
Building materials 1,815.00 1,548. 13
Improvements other than building materials 550.00 409.23
Engineering service 1,650.00 -
Automotive equipment maintenance materials 9,900.00 7,416. 19
Other equipment maintenance materials 1,100.00 823.46
Duplicating and drafting supplies 440.00 909.52
Other commodities 275.00 232.42
Reception entertainment 22.00 8.00
Disinfectant and exterminating 330.00 -
Food 990.00 697. 13
Contribution to IRMA - 23,401.00
$ 1,035,871.00 948,349.58
(Continued)
8 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Schedule of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
Emergency Medical Service:
Salaries and wages $ 13,145.00 16,901.68
Travel expense 264.00 -
Service to maintain auto equipment 330.00 54.00
Service to maintain other equipment 440.00 362.75
Printing 55.00 123.50
Advertising 39.00 10.08
Laundry and cleaning service 220.00 -
Automobile insurance 1,100.00 861.90
Workmen's compensation insurance 369.00 278.47
Pension contribution 3,938.00 4,034.57
Contribution to IRMA - 734.00
Clothing allowance 660.00 216.00
Dues and membership 247.00 110.00
License fees 5.00 11.00
Cleaning supplies 28.00 -
Periodicals and books 275.00 156.41
Gas and oil 913.00 703.49
Automotive equipment and materials 572.00 490.46
Drugs and medical supplies 550.00 429.27
Material to maintain other equipment 220.00 393.61
Training expense 1,848.00 356.80
$ 25,218.00 26,227.99
(Continued)
9 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 $ 89,097.00 78,185.42
Telephone and telegraph 1,320.00 1,506.45
Postage 275.00 230.99
Office equipment maintenance 110.00 60.89
Printing 550.00 1 ,700.85
Photographing and blueprinting 110.00 70.56
Other contractual services 7,535.00 9,304. 12
Public liability and property
damage insurance 444.00 329. 18
Automobile insurance 376.00 347.29
Bond coverage 22.00 17.52
Workmen' s compensation insurance 1,760.00 1,104.96
Pension contribution 9,424.00 8,852.27
FICA taxes 639.00 179. 12
Medical and life insurance 2,056.00 1,968.84
Dues and membership 55.00 99.95
_ License fees 5.00 -
General office supplies 715.00 803.45
Periodicals and books 605.00 438.41
Gas and oil 748.00 559.71
Automotive equipment and materials 220.00 34. 18
Duplicating and drafting supplies 110.00 281.58
Licensing and regulatory supplies 660.00 318.00
Fire and extended coverage insurance 18.00 13.57
Automobile allowance 363.00 377.06
Contribution to IRMA - 1,174.00
117 ,217.00 107,958.37
Total Public Safety $ 2,391,292.00 .222.086.83
(Continued)
10 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:
Salaries and wages $ 43,781.00 39,640. 11
Telephone and telegraph 1,430.00 1,506.45
Postage 275.00 226.48
Travel expenses 220.00 951.70
Automotive equipment maintenance 110.00 107.55
Office equipment maintenance 88.00 110.50
Other commodities - 75.00
Professional services 825.00 750.00
Advertising 110.00 328.31
Training expenses 220.00 150.09
Entertainment 55.00 -
Fire and extended coverage insurance 3,201.00 2,053.95
Liability and property insurance 10,736.00 8,091.66
Automobile insurance 3,113.00 2,671.22
Bond coverage 88.00 57.38
Workmen's compensation insurance 1,089.00 234.43
Pension contribution 5,115.00 4,745.62
Medical and life insurance 2,013.00 1,560.96
Rental of equipment 55.00 -
Dues and memberships 88.00 105.00
General office supplies 440.00 570.86
Periodicals and books 110.00 144.36
Contribution to IRMA - 8,216.00
Sanitation supplies 11.00 4.00
Other equipment maintenance - 55.45
Tools 110.00 10.58
Gas and oil 440.00 325.04
Automotive equipment maintenance supplies 440.00 299.69
License fees 121.00 16.00
Food 550.00 424.55
Photo and duplicating supplies 143.00 114.29
$ 74,977.00 73,547.23
(Continued)
11 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 $ 124,057.00 93,210.40
Improvements other than buildings 25,214.00 15,605. 18
Automobile equipment maintenance 4,180.00 4,771.79
Other equipment maintenance 825.00 5,157.44
Laundry and cleaning services 1,716.00 1,292.36
Tree service 2,200.00 1 ,896.00
Other contractual services 5,797.00 2,345.90
Workmen' s compensation insurance 7,605.00 2,723.43
Pension contribution 13,538.00 10,049.01
FICA taxes 660.00 606.01
Medical and life insurance 6,289.00 4,133.05
Rental of equipment 2,200.00 27,173.90
Agricultural and horticultural supplies 2,860.00 771.74
Chemicals and ammunition 3,850.00 2,374.95
Tools 962.00 1,262.92
Gas and oil 6,105.00 8,432.92
Improvements other than building 2,750.00 1,282.81
Materials to maintain streets 14,300.00 13,375.12
Automotive equipment maintenance materials 8,360.00 7,866.30
Other equipment maintenance materials 3,630.00 7,465.39
Medical and hospital service - 1,879.00
Traffic control materials 550.00 504.85
Contribution to IRMA - 3,448.00
Noninsured losses - 716.97
237,648.00 218,345.44
Street Light and Traffic Control:
Salaries and wages 8,077.00 -
Improvements other than building maintenance
services 20,900.00 201,875.88
Electrical light and power 550.00 410.85
Workmen' s compensation insurance 479.00 232.65
_ Tools 825.00 832.97
Contribution to IRMA - 220.00
Other than building maintenance materials 3,850.00 3,714.73
Traffic control materials 4,400.00 4,094.45
Pension contribution 945.00 -
Medical and life insurance 491 .00 -
Equipment rental 2,561.00 2,436.89
Other contractual service - 14.04
43,078.00 213,832.46
Capital Improvements:
Payment of debt obligation 17,831.00 16,215. 15
Engineering services 99,000.00 52,139.84
Other professional services - 1,700.00
-- $ 1161831.00 70,054.99
(Continued)
12 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 $ 27,162.00 23,768.26
Automotive equipment maintenance 55.00 452.88
Agricultural supplies 165.00 299.50
Printing 220.00 112.97
Laundry and cleaning services 2,970.00 3,178.44
Training expense 220.00 -
_ Workmen's compensation insurance 660.00 255.65
Pension contribution 2,200.00 2,619.47
Medical and life insurance 960.00 1,014.20
General office supplies 137.00 226. 11
Periodicals and books 83.00 78.00
Chemicals and ammunition 220.00 146.94
Sanitation supplies 550.00 429.64
Fuel 9,900.00 9,197.99
Medical and laboratory supplies 55.00 12.00
Tools 825.00 269. 10
_ Gas and oil 220.00 610.57
Building maintenance material 825.00 2,906.70
Automotive equipment maintenance material 110.00 4,848.52
Other equipment maintenance material 825.00 978.83
-- Service to maintain buildings 550.00 1,117.00
Service to improvements other than buildings 1 , 100.00 316.03
Service to maintain other equipment - 415.06
- FICA tax - 104.83
Contribution to IRMA - 293.00
50,012.00 53,651.69
Total Public Works $ 522,546.00 629,431.81
_ Health and Welfare:
Pest control - contractual service 20,900.00 15,579.20
Cardiopulmonary resuscitation:
Salaries and wages 2,079.00 710.00
Contractual services 185.00 -
Other commodities 250.00 210.88
FICA taxes 128.00 -
Training expense - 50.00
21642.00 970.88
Total Health and Welfare $ 23,542.00 16,550.08
(Continued)
13 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Schedule of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
Culture and Recreation:
Library:
Salaries and wages $ 40,349.00 32,980.77
Telephone and telegraph 1,430.00 1,361.83
Postage 303.00 226.35
Travel expense 28.00 6.00
Building maintenance service 110.00 1,093.00
Office equipment maintenance 178.00 163.50
Other equipment maintenance 1,913.00 2,401. 14
Medical and hospital service - 127.00
Laundry and cleaning services 3,700.00 2,904.00
Other contractual services 110.00 -
Fire and extended coverage insurance 882.00 580.62
Liability and property damage insurance 11085.00 542.63
Bond coverage 19.00 11.99
Workmen's compensation insurance 69.00 25.20
Pension contribution 3,851.00 3,268.52
FICA taxes 455.00 354.55
Medical and life insurance 1,943.00 1,686.48
Rental of equipment 1,375.00 1,174.27
Dues and memberships 44.00 50.00
General office supplies 193.00 251.34
Periodicals and books 1 ,210.00 1,230.25
Printing 55.00 56.65
Fuel 1, 100.00 2,801.55
Licensing and regulatory supplies 1,650.00 1,409.63
Household supplies 28.00 -
Food 28.00 -
Minor equipment, tools and hardware 11.00 15.52
Building maintenance materials 10.00 9.00
Other commodities 22.00 21.50
Chemicals and ammunition 99.00 46.80
Training expense - 16.00
Contribution to IRMA - 953.00
Total Culture and Recreation $ 62,250.00 55,769.09
Total operating expenditures $ 3.794,825.00 aZ51,616.09
Exhibit A-4
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Schedule of Capital Outlay
(and Comparison with Appropriations)
Year ended April 30, 1979
Appropriations Actual
— General Government:
Finance and Accounting - office furniture
and fixtures $ 550.00 474.00
Board of Firemen and Police - office furniture - 87.00
Legal:
Office furniture and fixtures - 4,315.83
Office machinery and equipment - 189.00
- 4,504.83
Engineering:
Office furniture and fixtures 1,210.00 940.47
Office machinery and equipment - 390.00
Other machinery and equipment 347.00 -
1,557.00 1,330.47
Village Hall:
Improvements other than buildings - -
Furniture, furnishings and interior 770.00 95.00
770.00 95.00
$ 2,877.00 6,491.30
Public Safety:
_ Police Service:
Automotive equipment 45,210.00 33,428.21
Office machinery and equipment 1,151.00 1,029.90
Other furniture and fixtures 330.00 -
Other machinery and equipment 9,290.00 4,464.46
55,981.00 38,922.57
Fire Service:
Buildings - 4,524.34
Improvements other than buildings - 92.00
Automotive equipment - 78,895.00
Office furniture and fixtures 81,290.00 -
Other machinery and equipment 10,340.00 81945. 10
91 ,630.00 927456.44
Emergency Medical Service:
Automotive 35,200.00 32,240.00
Other machinery and equipment 7,700.00 67249. 17
427900.00 38,489. 17
Bureau of Inspection:
Automotive - 1,946.75
Office equipment 165.00 -
165.00 1,946.75
$ 190,676.00 1710814.93
(Continued)
2 Exhibit A-4
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Schedule of Capital Outlay
(and Comparison with Appropriations) , Continued
Appropriations Actual
Public Works:
'— Administration - office machinery and equipment $ - 2,000.00
Street Maintenance:
Improvements other than buildings 13,200.00 -
Automotive equipment 30,800.00 23,623.23
Other machinery and equipment 11,990.00 10,190.35
55,990.00 33,813.58
Capital Improvements and Street Lights -
street improvements 544,500.00 661.60
$ 600,490.00 36,475 - 18
Culture and Recreation - Library:
Library books 18,700.00 19,457.58
_ Other furniture and fixtures 252.00 280.73
Improvements other than building 1,100.00 1,984.00
Nonprint media 550.00 477.62
Office furniture and fixtures 699.00 572.00
$ 21,301.00 22,771.93
Total capital outlay $ 815,344.00 237,553.34
Exhibit B
VILLAGE OF OAK BROOK, ILLINOIS
Special Revenue Funds
Combined Balance Sheet
April 30, 1979
Federal
Revenue
"— Motor Fuel Sharing
Tax Fund Trust Fund
Assets Combined (Exhibit C) (Exhibit D)
Cash $ . 16 .07 .09
Savings account 33.73 21.78 11.95
Repurchase agreements 90,758.36 48,240.74 42,517.62
'- Allotments receivable 4,231.48 4,231.48 -
Accounts receivable 676.06 676.06 -
Total assets $ 95,699.79 53,170. 13 42,529.66
Liabilities
Accounts payable 5,674.05 5,663.09 10.96
Fund balances 90,025.74 47,507.04 42,518.70
Total liabilities and
fund balance $ 95,699.79 53,170. 13 42,529.66
See accompanying notes to financial statements .
Exhibit B-1
VILLAGE OF OAK BROOK, ILLINOIS
Special Revenue Funds
Combined Statement of Revenues and Expenditures and Fund Balance
Year ended April 30, 1979
Federal
Motor Revenue
Combined Fuel Sharing
total Tax Fund Trust Fund
�. Revenue:
Intergovernmental revenue $ 107,564.43 64,802.43 42,762.00
Interest on investments 8,111.56 4,754.51 3,357.05
Total revenue 115,675.99 69,556.94 462119.05
Expenditures:
'- Public works 77,731.03 77,731.03 -
Culture and recreation 44,859.88 - 441859.88
._ Operating expenditures 122,590.91 77,731.03 44,859.88
Capital outlay 5,984. 15 - 5,984. 15
Total expenditures 128,575.06 77,731.03 50,844.03
(Excess) of expenditures over revenue (12,899.07) (8,174.09) (4,724.98)
Fund balance at April 30, 1978 102,924.81 55,681. 13 47,243.68
Fund balance at April 30, 1979 $ 90,025.74 47,507.04 42,518.70
See accompanying notes to financial statements.
Exhibit C
VILLAGE OF OAK BROOK, ILLINOIS
Motor Fuel Tax Fund
Statement of Revenue and Expenditures (and Comparison
with Estimated Revenue and Appropriations) and Fund Balance
Year ended April 30, 1979
Estimated
�• revenue and
appropriations Actual
Revenue:
— Allotments from State of Illinois $ 64,000.00 64,802.43
Interest on investments 3,300.00 4,754.51
Total revenue 67,300.00 69,556.94
Expenditures:
Chemicals 19 ,800.00 24,793.54
Street lighting 17,600.00 16,937.49
Construction payments to State of Illinois 39 ,600.00 36,000.00
Total expenditures 77 ,000.00 77,731.03
(Excess) of expenditures over revenue $ L9,100.00) (8,174.09)
Fund balance at April 30, 1978 55,681. 13
_. Fund balance at April 30, 1979 $ 47, 07.04
See accompanying notes to financial statements.
Exhibit D
VILLAGE OF OAK BROOK, ILLINOIS
' Federal Revenue Sharing Trust Fund
Statement of Revenue and Expenditures (and Comparison
-- with Estimated Revenue and Appropriations) and Fund Balance
Year ended April 30, 1979
Estimated
' revenue and
appropriations Actual
Revenue:
Entitlements from federal government $ 33,300.00 42,762.00
Interest on investments 1,165.00 3,357.05
Total revenue 34,465.00 46,119.05
Expenditures:
Transfer to Capital Projects Fund 13,640.00 5,984. 15
Principal payment on note 37,884.00 34,105.58
Interest payment on note 5,492.00 5,327.26
Transfer to Corporate Fund 5,940.00 5,400.00
Other - 27.04
Total expenditures 62,956.00 50,844.03
(Excess) of expenditures over revenue $(2 4 1.00) (4,724.98)
F' Fund balance at April 30, 1978 47,243.68
Fund balance at April 30, 1979 $ 42,518.70
See accompanying notes to financial statements.
Exhibit E
VILLAGE OF OAK BROOK, ILLINOIS
-- Debt Service Fund
Balance Sheet
April 30, 1979
Assets
Certificate of deposit $ 238,886.62
Repurchase agreements 85,687.67
Accrued interest receivable 10,668.58
Taxes receivable, less allowance for
uncollectibles of $8,437.63 760,630.96
Total assets $ 1 .095.873.83
Liabilities
Interest payable from current
tax levy 979,635.00
Fund balance 116,238.83
Total liabilities and fund balance $ 1,095}873.83
See accompanying notes to financial statements.
Exhibit E-1
VILLAGE OF OAK BROOK, ILLINOIS
-! Debt Service Fund
Statement of Revenue and Expenditures
._ and Fund Balance
Year ended April 30, 1979
�^ Actual
Revenue:
Property tax levy, net $ 740,060.22
Interest on investments 34,627.25
Total revenue 774,687.47
Expenditures - interest on bonds - June 1, 1979;
December 1, 1979; and June 1, 1980 740,930.00
Excess of revenue over expenditures 33,757.47
Fund balance at April 30, 1978 82,481 .36
Fund balance at April 30, 1979 $ 116,238.83
See accompanying notes to financial statements.
Exhibit F
VILLAGE OF OAK BROOK, ILLINOIS
Capital Projects Funds
Combined Balance Sheets
April 30, 1979
Sports Core
Purchase
Agreement Bike
and Golf Pathway
Assets Combined Course System
Cash $ 4.24 4.24 -
State of Illinois Public Treasurer's
Investment Pool 121.55 121.55 -
Certificates of deposit 4,880,701.08 4,880,701.08 -
Repurchase agreements 534,466.72 534,466.72 -
Accrued interest receivable 28,712.38 28,712.38 -
$ ,444,005.97 x,444,005.97 -
Liabilities
Accrued expenses 47,270.07 47,270.07 -
Accrued interest payable 68,488.29 68,488.29 -
Contracts payable 13,493. 13 13,493. 13 -
Purchase agreement payable 4,375,000.00 4,375,000.00 -
Charter membership refund payable 32,850.00 32,850.00 -
Fund balance 906,904.48 906,904.48 -
�- $ 5,444,005.97 .444.005.97 -
See accompanying notes to financial statements.
Exhibit F-1
VILLAGE OF OAK BROOK, ILLINOIS
Capital Projects Funds
Combined Statement of Revenues and Expenditures
._ and Fund Balance
Year ended April 30, 1979
Sports Core
Purchase
Agreement Bike
and Golf Pathway
._ Combined Course System
Revenue:
Transfer from Federal Revenue
Sharing Trust Fund $ 5,984. 15 - 5,984. 15
Interest on investments 484,778.96 484,778.96 -
Personal property tax reimbursement 57431.67 52431 .67 -
Total revenue 496,194.78 490,210.63 52984. 15
Expenditures:
Bike pathway system construction 5,984. 15 - 5,984. 15
Golf course construction 134,931.30 134,931.30 -
Interest on purchase agreement 236,773.81 236,773.81 -
Personal property tax payment 54,438.95 54,438.95 -
Administration:
Regular salaries 3,104.43 3,104.43 -
-- Postage 78.90 78.90 -
Fiscal agent services 503.31 503.31 -
Recording fees 62.50 62.50 -
Pension contribution 375.60 375.60 -
Advertising 15.84 15.84 -
Printing 68.29 68.29 -
Reception and entertainment 3.73 3.73 -
Other contractual services 10,897.57 10,897.57 -
Medical insurance 367.06 367.06 -
Other commodities 68. 10 68. 10 -
Refund of charter membership fee 43,800.00 43,800.00 -
Total expenditures 4911473.54 485,489.39 5,984. 15
Excess of revenue over
expenditures 4,721.24 4,721.24 -
Fund balance at April 30, 1978 902,183.24 902,183.24 -
Fund balance at April 30, 1979 $ 906 904.48 906,904.48 -
See accompanying notes to financial statements.
Exhibit G
VILLAGE OF OAK BROOK, ILLINOIS
4 Waterworks System Fund
Balance Sheet
April 30, 1979
Operations Depreciation,
and Bond and Bond improvement
Combined maintenance interest reserve and extension Surplus
Assets total account account account account account
Cash $ 63.88 49.42 4.65 8.27 1.54 -
Investments 1,086,623.60 53,307.64 11,804.39 306,897.62 153,491.04 561,122.91
Receivables:
Customers:
Billed water sales 82,553.71 82,553.71 - - - -
Estimated unbilled water sales 110,275.89 110,275.89 - - - -
Accrued interest 61,045.22. 906.03 11,862.54 15,391.82 10,859.05 22,025.78
Other 64,419.07 64,419.07 - - - -
318,293.89 2581154.70 11,862.54 15,391.82 10,859.05 221025.78
Inventory of equipment 32,102.78 32,102.78
Due (to) from other Waterworks System Fund accounts - - (23,671.58) - (38,434.12) 62,105.70
Acquisition and construction accounts - revenue
4 bonds of 1976:
Cash .48 .48 - - - -
Investments 100.00 100.00
100.48 100.48
Plant and equipment at cost, net of accumulated
f depreciation and amortization of $623,260.77 6,893,731.32 6,893,731.32
IF Unamortized bond discount 79,550.20 79,550.20
$ 8.410,466.15 .316.996.54 - _322,297.71 125,917.51 645,254.39
ILiabilities
Accounts payable 145,399.33 145,399.33 - - - -
Accrued payroll 2,845. 12 2,845. 12
Deposits 523.92 523.92
Due to other funds 237.83 237.83
I149,006.20 149,006.20 - - - -
Acquisition and construction account - revenue bonds of 1976:
Accounts payable 32,376.03 32,376.03 - - - -
Contracts payable 40,331.92 40,331.92 - - - -
72,707.95 72,707.95
Bonds payable:
Revenue bonds of 1973 due serially from May 1, 1979 to
May 1, 1996, interest at 4.00% to 6.00% 2,975,000.00 2,975,000.00 - - - -
Revenue bonds of 1976 due serially from May 1, 1979 to
May 1, 1992, interest at 4.40% to 5.75% 2,775,000.00 2,775,000.00 - - - -
Retained earnings: -
Restricted accounts 1,093,469.61 - 322,297.71 125,917.51 645,254.39
Equity in plant and equipment 1,150,674.05 1,150,674.05 - - - -
Unappropriated 194,608.34 194,608.34 - - - -
2,438,752.00 1,345,282.39 322,297.71 125,917.51 645,254.39
$ 8.410,466. 15 .316.996.54 - 3220297.71 125.917.51 64 254.39
See accompanying notes to financial statements.
Exhibit G-2
IVILLAGE OF OAK BROOK, ILLINOIS
Waterworks System Fund
PStatement of Changes in Retained Earnings
Year ended April 30, 1979
Acquisition
and
Operations and construction Restricted accounts
maintenance account account - Depreciation,
Equity in revenue Bond and Bond improvement
Combined plant and bonds of interest reserve and extension Surplus
total Unappropriated equipment of 1976 account account account account
Balance at April 30, 1978 $ 1,817,297.45 250,147.16 343,916. 19 225,813.68 - 242,953.83 397,574.59 3562892.00
Add (deduct) :
Net revenue 743,541.75 743,541.75 - - - - - -
Transfers in accordance with - -
bond ordinance - (997,625.82) 519,500.22 54,000.00 100,000.00 324,125.60
Redistribute:
Provision for depreciation - 152,141.53 (152,141.53) - - - - -
Bond discount amortization - 9,135.89 (4,038.75) (5,097. 14) - - - -
Capital outlay provided from:
Operations and maintenance - . (81,635.04) 81,635.04 - - - - -
Depreciation, improvement - - -
and extension - - 255,461.76 - (255,461.76)
Equipment repairs - 30,690.17 - - - - (30,690. 17)
Payment of bond interest - 312,425.00 - - (312,425.00) - - -
Capitalization of bond - -
4 principal payments - - 1001000.00 125,000.00 (225,000.00) -
Transfer to Corporate Fund (105,000.00) (105,000.00) - - - - - -
f Interest on investments 11,543.17 - - 11,543. 17 - - - -
M Redistribution of interest
on investments pursuant to
bond ordinance - (119,212.30) - - 17,924.78 25,343.88 30,252.85 45,690.79
Engineering expenses (28,618.37) (28,618.37)
Advertising expenses (12.00) (12.00)
Capitalization of costs associated
with acquisition and construction -
account - - -525,841.34 (328,629.34) (115,758.00) (81,454.00)
Net additions
(deductions) 621,454.55 (55,538.82) 806,757.86 (225,813.68) - 79,343.88 (271,657.08) 288,362.39
Balance at April 30, 1979 $ 2.438,752.00 194,608.34 1 150.674.05 - - 322,297.71 125,917.51 645,25 439
See accompanying notes to financial statements.
r
Exhibit G-1
VILLAGE OF OAK BROOK, ILLINOIS
Waterworks System Fund
Statement of Revenue and Expenses (and Comparison
with Estimated Revenue and Appropriations)
Year ended April 30, 1979
Estimated
-" revenue and
appropriations Actual
Operating revenue:
Sale of water $ 989,692.00 979,461.55
Fire line water charges 122,000.00 103,366.97
Meter installations 16,000.00 34,815.00
Water connection charges 102,000.00 314,246.05
Special service charges 9,200.00 8,626.42
Other charges and penalties 10,000.00 17,523.09
1,248,892.00 1)4583,039.08
�. Operating expenses:
Source of supply 50,761.00 30,965.34
Power and pumping 190,290.00 219,851.90
Purification 21,493.00 10,760. 10
Transmission and distribution 88,318.00 89,571.48
Reimbursement to Corporate Fund for services 38,500.00 35,000.00
389,362.00 386,148.82
Net operating revenue before depreciation 859,530.00 1,071,890.26
Provision for depreciation - 1521141.53
T Net operating revenue after depreciation 859,530.00 919,748.73
Other income (expense) :
Bond interest expense (343,668.00) (312,425.00)
'- Interest on investments 55,000.00 113,835.61
Amortization of bond discount - (9,135.89)
Fiscal agents' fees (440.00) (609.12)
Construction reimbursements 48)728.00 32,127.42
(240,380.00) (176)206.98)
Net revenue $ 619,150.00 743,541.75
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, 1979
Funds provided:
Net revenue (Exhibit G-1) $ 743,541.75
Provision for depreciation and
amortization of bond discount 161,277.42
Total funds provided 904,819. 17
Funds used:
Transfers in accordance with bond
ordinance, net 759,510.65
Capital outlay 81,635.04
Redistribution of interest to other accounts
pursuant to bond ordinance 119,212.30
Total funds used 960,357.99
Decrease in working capital $ (55,538.82)
Increase (decrease) in various elements
of working capital:
Cash 44.06
Investments 6,535.06
Receivables 20,747.23
Inventory of equipment 3,274.61
Accounts payable (121,752.29)
Accrued payroll (1,580.42)
Deposits 37,301. 10
Due to other Water Fund accounts (108. 17)
$ X55,538.82)
See accompanying notes to financial statements.
Exhibit G-4
VILLAGE OF OAK BROOK, ILLINOIS
Waterworks System Fund
Schedule of Operating Expenses and Summary of Capital Outlay
(and Comparison with Appropriations)
Year ended April 30, 1979
Appropriations Actual
-- Operating expenses:
Source of supply:
Purchased water - Hinsdale, Illinois $ - 7,637.96
Other contractual services 12,925.00 639.00
Other equipment maintenance material 220.00 67.06
Salaries and wages 6,117.00 4,841.40
FICA taxes and workmen's compensation insurance 279.00 148.25
Building maintenance 550.00 103.00
Automotive equipment maintenance material 440.00 322. 19
Other improvement maintenance 20,130.00 9,806.52
Telephone and telegraph 1,430.00 2,603.51
Pension contribution 484.00 468.81
Medical and life insurance 200.00 182.20
Agricultural supplies 3,850.00 835.50
Sanitation supplies 275.00 227.35
Tools 275.00 181.08
Gas and oil 550.00 659.74
Building maintenance materials 825.00 231.27
Rental of land 27211.00 2,010.50
Total source of supply 50,761.00 30,965.34
Power and pumping:
Salaries and wages 10,076.00 9,302.20
Workmen's compensation insurance 261.00 88.76
Equipment maintenance 38,500.00 47,223.55
Electric light and power 137,500.00 159,767. 15
Pension contribution 1,179.00 1,036.00
-" Medical and life insurance 299.00 273.40
Sanitation supplies 110.00 15.90
Tools 165.00 163.00
Gas and oil 550.00 610.91
Equipment maintenance materials 1,650.00 1,371.03
Total power and pumping 190,290.00 219,851.90
Purification:
Salaries and wages 4,137.00 3,671.47
Workmen's compensation insurance 117.00 56.33
Postage 220.00 113.80
Equipment maintenance 1 ,100.00 69.80
Pension contribution 484.00 468.80
-- Medical and life insurance 200.00 182.20
Chemicals and ammunition 13,200.00 4,175.50
Drugs and laboratory supplies 330.00 107.66
Tools 55.00 10.00
Equipment maintenance materials 1,650.00 1,075.79
Other contractural services - 828.75
Total purification $ 21,493.00 10,760. 10
(Continued)
2 Exhibit G-4
VILLAGE OF OAK BROOK, ILLINOIS
-' Waterworks System Fund
Schedule of Operating Expenses and Summary of Capital Outlay
(and Comparison with Appropriations) , Continued
Appropriations Actual
Transmission and distribution:
Salaries and wages $ 56,540.00 39,341.63
Other improvement maintenance 8,800.00 28,073.02
Automobile maintenance 440.00 172.55
Equipment maintenance 110.00 442.28
Professional services - 334.00
Laundry services 870.00 615. 10
Training expenses 110.00 -
Pension contribution 6,105.00 4,321.83
Medical and life insurance 2,585.00 2,242.82
Dues and membership fees 55.00 -
General office supplies 55.00 41.33
Chemicals 440.00 223.60
Tools 770.00 1,029.21
Gas and oil 1,100.00 1,373.32
Other improvement maintenance materials 4,400.00 4,703.57
Automotive maintenance materials 770.00 90.61
Equipment maintenance materials 550.00 123.04
Fire and extended coverage insurance 447.00 284.19
Liability and property insurance 1,884.00 1,601.18
Other contractual services - 515.70
Workmen' s compensation insurance 1,595.00 561.64
FICA taxes 265.00 175.24
License fees 27.00 5.00
Maps, magazines, periodicals and books 55.00 -
Automobile insurance 345.00 1,066.62
Contribution to IRMA - 2,170.50
Rental of tollway land - .50
Rental of equipment - 63.00
Total transmission and distribution 88,318.00 89,571.48
Reimbursement to Corporate Fund for services 38,500.00 35,000.00
"- Total operating expenses $ 389}3b2.00 386 148.82
Summary of capital outlay:
Other improvements - water meters 27,500.00 22,467.22
Hydrants 4,400.00 -
Engineering and other contractual services 176.00 886.28
_ Automotive equipment 10,450.00 6,044.00
Water mains 264,000.00 306,216.58
Other machinery and equipment - 69.86
Service connections - 1,412.86
Total capital outlay $ 306,526.00 337,096.80
Exhibit GT5
VILLAGE OF OAK BROOK, ILLINOIS
Waterworks System Fund
Schedule of Plant and Equipment and Accumulated Depreciation and Amortization
IYear ended April 30, 1979
IRate of
depreciation
Plant and equipment or Accumulated depreciation and amortization Net asset
IBalance Additions Balance amortization Balance Additions Balance value
Apr.30,1978 and transfers Disposal Apr.30,1979 Years Apr.30,1978 and transfers Disposal Apr.30,1979 Apr.30,1979
Waterworks plant and equipment: - - - - - 2,818-80
Land and land rights $ 2,818.80 - - 2,818.80 $
Service of supply plant -
iwells and springs 314,753.30 _ _ 314,753.30 40 34,002.28 7,868.83 - 41,871. 11 272,882. 19
Structure and improvements 68,232.40 68,232.40 40 8,313.42 1 ,705.81 10,019.23 58,213.17
Electrical pumping equipment 118,745.37 - - 118,745.37 40 14,968.68 2,968.63 - 17,937.31 100,808.06
Total water treatment equipment 5,324.65 - - 5,324.65 10 2,662.35 532.47 - 3,194.82 2,129.83
Distribution, reservoirs, mains
and standpipes 2,800,317.91 3,393,462.80 - 6,193,780.71 40 310,384.61 112,426.23 - 422,810.84 5,770,969,87
Meters and meter installation 189,300.79 22,467.22 - 211,768.01 15 55,295. 14 13,368.96 - 68,664. 10 143,103.91
Hydrants 120,562.40 - - 120,562.40 40 14,698.79 3,014.06 - 17,712.85 102,849.55
Miscellaneous tools and equipment:
Office furniture and equipment 3,449.05 - - 3,449.05 1.0 1,708. 15 344.91 - 2,053.06 1,395.99
Transportation equipment 20,282.69 6,044.00 (4,000.00) 22,326.69 6 8,875.98 3,884.12 4,000.00 8,760. 10 13,566.59
Tools, shop and garage equipment 2,851.57 - - 2,851.57 5 2,777.25 74.32 - 2,851.57 -
Laboratory equipment 1,069.59 - _ 1,069.59 5 1,069.20 .39 - 1,069.59 -
Miscellaneous equipment 29,729.04 69.86 29,798.90 5 8,960.30 5,952.80 14,913. 10 14,885.80
Intangible plant - organization 11,403.09 - - 11,403.09 5 11,403.09 - - 11,403.09 -
Construction in progress 160,457.91 249,649.65 - 410,107.56 - - - - _ - 410,107_56
$ 3.849,298.56 3 671,693.53 (4.000.00) 2,516}992.09 475 X119.24 152,141.53 4,000.00 623,260.77 6,893,731.32
I
Exhibit K-1
VILLAGE OF OAK BROOK, ILLINOIS
Schedule of Changes in Investment in General Fixed Assets
Year ended April 30, 1979
Furniture
and Roadway Automotive Other Library
Land Buildings fixtures improvements equipment equipment books Total
IBalance at April 30, 1978 $ 188,741.00 4,614,350.74 219,940.89 758,252.37 281 ,296.54 620,478.55 75,583.77 6,758,643.86
Additions:
I Corporate _ 4,524.34 6,765.03 1,414.40 172,133. 19 31,457.98 19,935.20 236,230.14
Capital Projects Funds 5,984. 15 5,984.15
Deletions - Corporate - - - - 281065.87 - - 28,065.87
I Balance at April 30, 1979 $ 188,741.00 4,618.875.08 226,705.92 765,650.92 425,363.86 651,936.53 418.97 .972.792.2$
r
I
I
I
I
I
Exhibit H
VILLAGE OF OAK BROOK, ILLINOIS
Trust and Agency Funds
Combined Balance Sheet
April 30, 1979
Police Firemen' s
Pension Pension
Assets Combined Fund Fund
Cash $ 36.01 5.75 30.26
Certificates of deposit 1,490,000.00 605,000.00 885,000.00
Government and agency securities 798,028. 19 561,957.03 236,071. 16
Savings accounts 149,442.62 78,616.56 70,826.06
Accrued interest receivable 26,917.26 17,475. 10 9 ,442. 16
Due from other funds 3,774.44 1,995. 17 1 ,779.27
Amounts to be provided from future
tax levies and other sources to
fund actuarial deficiency for
prior service costs 861,199.48 615 ,275.39 245,924.09
$ 3.329,398.00 1,880,325.00 1.449,073.00
Liabilities
Reserves:
Funded obligations:
Statutory 336,000.00 330,000.00 6,000.00
Excess 2,132,198.52 935,049.61 1,197 ,148.91
Unfunded actuarial deficiency for
prior service costs 861,199.48 615,275.39 245,924.09
$ 3.329.398.00 1,880 325.00 1 .449,073.00
See accompanying notes to financial statements.
Exhibit H-1
VILLAGE OF OAK BROOK, ILLINOIS
Trust and Agency Funds
Combined Statement of Revenues and Expenditures
and Reserve for Funded Obligations
Year ended April 30, 1979
Police Firemen' s
Pension Pension
Combined Fund Fund
total (Exhibit I) (Exhibit J)
Revenue:
Employees' contributions $ 96,707.91 51,315.93 45,391.98
Village contributions 328,290.57 153,228.40 175,062. 17
Interest on investments 155 ,950.24 81,571.20 74,379.04
Other 100.00 100.00 -
Total revenue 581,048.72 2861215.53 294,833. 19
Expenditures:
Pension benefit expense 38,872.92 27,907.44 10,965.48
Audit fee 940.00 470.00 470.00
Contribution refund 7,369.87 7,369.87 -
Miscellaneous 380.00 163.00 217.00
Total expenditures 47,562.79 35,910.31 11,652.48
Excess of revenue over expenditures 533,485.93 250,305 .22 283,180.71
Reserve - funded obligations at
April 30, 1978 1,934,712.59 1,014,744.39 919,968.20
Reserve - funded obligations at
April 30, 1979 $ 2,468,198.52 1.265,049.61 1,203,148.91
See accompanying notes to financial statements.
Exhibit I
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, 1979
Budget Actual
Revenue:
Employees' contributions $ 51,553.00 51,315.93
Village contributions 154,658.00 153,228.40
Interest on investments 58,000.00 81,571.20
Other 100.00 100.00
Total revenue 264,311.00 286,215.53
Expenditures:
Pension benefit expense 28,000.00 27,907.44
Audit fee 470.00 470.00
Recording fees 25.00 25.00
Other commodities 50.00 138.00
Contribution refund - 7,369.87
Total expenditures 28,545.00 35 ,910.31
Excess of revenue over expenditures $ 235,766.00 250,305.22
Reserve - funded obligation at April 30, 1978 1,014,744.39
Reserve - funded obligation at April 30, 1979 $ 1,265.049.61
See accompanying notes to financial statements.
Exhibit J
VILLAGE OF OAK BROOK, ILLINOIS
-- Firemen' s Pension Fund
Statement of Revenue and Expenditures (and Comparison
with Budget) and Reserve for Funded Obligations
Year ended April 30, 1979
Budget Actual
Revenue:
Employees' contributions $ 45,031.00 45,391.98
Village contributions 174,976.00 175,062. 17
Interest on investments 50,000.00 74,379.04
Total revenue 270,007.00 294,833. 19
Expenditures:
Pension benefit expense 10,968.00 10,965.48
Audit fee 470.00 470.00
Recording fees 25.00 25.00
Other commodities 50.00 7.00
Seminar and meeting - 10.00
Medical and hospital service 150.00 145.00
Fiscal agent service - 30.00
Total expenditures 11,663.00 11,652.48
Excess of revenue over expenditures $ 258,344.00 283,180.71
Reserve - funded obligation at April 30, 1978 919,968.20
Reserve - funded obligation at April 30, 1979 $ 1,203,14a.-21
See accompanying notes to financial statements.
Exhibit K
VILLAGE OF OAK BROOK, ILLINOIS
Statement of General Fixed Assets
April 30, 1979
General Fixed Assets:
Land $ 188,741.00
— Buildings 4,618,875.08
Furniture and fixtures 226,705.92
Roadway improvements 765,650.92
Automotive equipment 425,363.86
Other equipment 651,936.53
Library books 95,518.97
Investment in Fixed Assets $ 6,972,792.28
See accompanying notes to financial statements.
Exhibit L
VILLAGE OF OAK BROOK, ILLINOIS
Statement of General Long-term Debt
April 30, 1979
Amount to be provided from future
tax levies and other sources $ 11,286,077.94
Amount available in Debt Service Fund 116,238.83
$ 11.402.316.77
Payable from future revenue and
other sources:
Recreation bonds payable 10,270,000.00
Notes payable:
Principal 957,046.38
Interest 110,485.51
Contracts payable 64,784.88
$ 11 .402.316.77
See accompanying notes to financial statements.
VILLAGE OF OAK BROOK, ILLINOIS
Notes to Financial Statements
April 30, 1979
(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
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."
Basis of Budgeting
The estimated revenue and appropriations 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 account group." 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
Rotes 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 account group known as the general long-term debt
account group.
Other
Investments are stated at cost, which approximate market.
Inventory of equipment and supplies are stated at actual 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.
Unemployment compensation insurance premiums are paid by the Village based upon
the actual future claims paid.
(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
_ 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.
(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.
Funds accumulated in the depreciation, improvement and extension account shall
be used to pay for any extraordinary maintenance, repairs and necessary
replacements, or if not so needed, for improvement or extension of the
system.
Funds accumulated in the surplus 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.
(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, 1979, the
minimum reserve balance (statutory requirement) of $330,000.00 had been
provided and in addition, the Board had exceeded the minimum by $935,049.61
for a total funded obligation of $1,265,049.61.
(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, 1978 (the date of the latest computation) amounted
to $1,880,325.00 including the actuarial reserve deficiency of $867,336.00
for prior service costs as determined by the State Department of Insurance.
The actuarial reserve deficiency at April 30, 1979 has been adjusted by the
amount due from other funds at April 30, 1979 and the net transactions of
the fund for the year ended April 30, 1979. However, the current normal
costs and the resultant liability for the year ended April 30, 1979 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,
1978.
(Continued)
4
VILLAGE OF OAK BROOK, ILLINOIS
Notes to Financial Statements
(4) Firemen' s Pension Fund
(a) Funded Obligation
According to the governing act, the Board of Trustees of the Firemen's Pension
Fund is required to establish and maintain a minimum reserve balance of
$1,000.00 for each 1,000 inhabitants. Under this provision the minimum re-
quirement is $5,251.00. At April 30, 1979 the Board had exceeded this
minimum by $1,197,897.91 for a total funded obligation of $1,203,148.91.
(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,
-- 1978 (the date of the latest computation) the actuarial requirements of the
fund amounted to $1,449,073.00 including an actuarial reserve deficiency of
$530,716.00 for prior service costs, as determined by the State Department
of Insurance. The actuarial reserve deficiency at April 30, 1979 has been
adjusted by the amount due from other funds at April 30, 1979 and the net
transactions of the fund for the year ended April 30, 1979. However, the
_ current normal costs and the resultant liability for the year ended
April 30, 1979 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, 1978.
(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, 1978 the present value of total IMRF pension obligations to be borne
by the Village of Oak Brook was $379,985.00. The Village had accumulated
reserve assets to be used toward this obligation of $72,861.00 on the same
date. Therefore, the estimated present value of future contributions to be
made by the Village on behalf of present employees was $307,124.00. This
pension obligation includes, in addition to future normal cost of
$113,179.00, the amount of unfunded prior service cost, computed to be
$193,945.00.
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.
(Continued)
5
VILLAGE OF OAK BROOK, ILLINOIS
Notes to Financial Statements
— (6) General Long-term Debt Account Group
(a) Loan on Village Hall
The Village executed a 5-1/2% loan in the amount of $1,412,134. 14 to finance
the construction of the Village Hall. The loan is to be paid in 84
_. 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.
(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 to be used to finance the Oak
Brook Library renovation. The entire amount of the line of credit was drawn
by the Village through April 30, 1979 and the unpaid balance of the
indebtedness at April 30, 1979 was $68,313.59. 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
The 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, 1979, the Village had paid 36 and 31 install-
ments under the two agreements, respectively, and the total balance due the
State was $64,784.88.
-- (d) General Obligation Recreation
Bonds Sports Core
A 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 and
are due serially December 1 , 1979 to December 1, 1994 at rates from 4.30% to
4.90%.
(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.
(Continued)
6
VILLAGE OF OAK BROOK, ILLINOIS
Notes to Financial Statements
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
$ 10,036,394.61 9,420,000.00 616,394.61
The principal amount due to the Butler Company at April 30, 1979 was
$4,375,000.00.
(8) Contingencies
Effective January 1, 1979, the Village entered into a contractual agreement
with 14 other municipalities to form the Intergovernment Risk Management
Agency (IRMA) , which through its risk-sharing provisions, provides the
Village with its insurance coverage for liability, property damage and
workmen's compensation insurance. As a self-insurance administrator, IRMA
enables risk sharing with other municipalties which in turn share their
risks with the Village. At April 30, 1979 IRMA has assets of $549,496.60
(unaudited) and reserves for losses of $540,468.98 (unaudited) ; should a
claim be paid by IRMA for which these reserves proved inadequate, the
Village would be responsible for paying a portion of such deficiency.
However, at April 30, 1979, management knows of no claim, asserted or
unasserted, which if asserted and paid would have a materially adverse
effect on the financial position of the various funds of the Village of Oak
Brook at April 30, 1979.
INN
..
PART III
SPORTS CORE FUND FINANCIAL STATEMENTS
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..
..
PEAT. MARWICK. MITCHELL & CO.
CERTIFIED PUBLIC ACCOUNTANTS
222 SOUTH RIVERSIDE PLAZA
CHICAGO, ILLINOIS GOGOG
President, Board of Trustees and
Village Manager
Village of Oak Brook, Illinois:
We have examined the financial statements of the Sports Core Fund of the Village of
Oak Brook, Illinois as of and for the six months ended April 30, 1979 and the year
ended October 31, 1978 as listed in the accompanying Table of Contents. Our
examinations were made in accordance with generally accepted auditing standards, and
accordingly included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.
In our opinion, the aforementioned financial statements present fairly the financial
position of the Sports Core Fund of the Village of Oak Brook, Illinois at April 30,
1979 and October 31, 1978 and the results of its operations and changes in financial
position for the six months and year then ended in conformity with generally
accepted accounting principles applied on a consistent basis.
The examinations referred to above were directed primarily toward formulating an
opinion on the financial statements of the Sports Core Fund of the Village of Oak
Brook, Illinois, 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
Sports Core Fund and the results of its operations and changes in financial
position. 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.
n
June 29, 1979
Exhibit 1
VILLAGE OF OAK BROOK, ILLINOIS
-- Sports Core Fund
Balance Sheets
April 30, 1979 and October 31, 1978
April 30, October 31,
Assets 1979 1978
Cash $ 317.26 31,314.98
Investments 903.52 -
Receivables:
Customers (note 3) 209.89 36,487.55
Budget guarantee (note 3) - 33,404.94
Inventory, at cost 5,950.63 6,861.79
Property, plant and equipment, net of
accumulated deprecation of $68,184.59 - 1979
and $44,9152.00 - 1978 (note 2) 9,432,989.09 9,313,150.00•
$ 9.440,370.39 9,421,219.26
Liabilities
-- Member deposits 1,450.00 400.00
Accounts payable 46,842.88 106,915.63
Accrued expenses 2,764.85 753.63
Retained earnings (deficit) :
Equity in property, plant and equipment 9,432,989.09 9,313,150.00
Unappropriated (43,676.43) -
9,389,312.66 9,313,150.00
$ 9,440,370.39 9421,219.26
See accompanying notes to financial statements.
Exhibit 2
VILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Statement of Revenue and Expenses
Six months ended April 30, 1979
Operating revenue:
Golf course $ 397.60
Bath and tennis 2,824.00
Open field 599.00
Food 8,319.83
Beverage 7,365.20
Interest on investment 13.54
19,519. 17
Operating expenses:
Golf course 1,100.00
Bath and tennis 27,569.78
Open field 8,121.37
Food 13,667.21
Beverage 3,095. 17
General and administration 21,757.07
75,310.60
Net operating loss before depreciation (55,791.43)
Provision for depreciation 23,232.59
._ Net operating revenue (loss) $(79}024.02)
See accompanying notes to financial statements.
Exhibit 3
VILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Statement of Revenue and Expenses (and
Comparison with Estimated Revenue and Budget)
Year ended October 31, 1978
Estimated revenue
and budget Actual
Operating revenue:
-- Golf course $ 125,150.00 140,772.00
Bath and tennis 175,725.00 163,368.00
Open field 44,900.00 22,016.00
Food 62,000.00 55,769.50
Beverage 32,500.00 11,572.16
Grill 17,300.00 7,254.00
Budget guarantee (note 3) - 26,302.94
457,575.00 427,054.60
Operating expenses:
Golf course 119,456.00 131,090.68
Bath and tennis 85,720.00 118,033.56
Open field 64,155.00 54,155.35
Food 65,600.00 60,973.82
Beverage 26,975.00 25,604.91
Grill 11,490.00 9,087.65
General and administration 30,825.00 28,108.63
404,221.00 427,054.60
Net operating revenue before depreciation 53,354.00 -
Provision for depreciation - 44,952.00
Net operating revenue (loss) $ 53,354.00 (44,952.00)
See accompanying notes to financial statements.
Exhibit 4
VILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Statement of Changes in Retained Earnings
Six months ended April 30, 1979
and year ended October 31, 1978
._ Equity in property,
Total plant and equipment Unappropriated
Balance at November 1, 1977 $ - - -
Net operating loss (44,952.00) - (44,952.00)
Purchase of Sports Core (note 2) 9,420,000.00 9,420,000.00 -
Contribution of capital outlay
(note 3) 7,102.00 7,102.00 -
Provision for depreciation - (44,952.00) 44,952.00
`T Other buildings and improve-
ments razed (69,000.00) (69,000.00) -
Balance at October 31, 1978 9,313,150.00 9,313,150.00 -
Net operating loss (79,024.02) - (79,024.02)
Transfer from Debt Service Fund 20,255.38 - 20,255.38
Golf course expansion capital
project 134,931.30 134,931.30 -
Capital outlay - 8,140.38 (8,140.38)
Provision for depreciation - (23,232.59) 23,232.59
Balance at April 30, 1979 $ 9.389.312.66 9.432,989.09 (43,676.43)
See accompanying notes to financial statements.
Exhibit 5
VILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Statement of Changes in Financial Position
Six months ended April 30, 1979
and year ended October 31, 1978
April 30, October 31,
1979 1978
R- Funds provided:
Transfer from Debt Service Fund $ 20,255.38 -
Contribution of capital outlay - 77102.00
Total funds provided 20,255.38 7,102.00
Funds used:
Net operating loss 79,024.02 44,952.00
Provision for depreciation (23,232.59) (44,952.00)
Total funds used in operations 55,791.43 -
Capital outlay 8,140.38 7,102.00
Total funds used 63,931.81 7,102.00
Decrease in working capital $ 43,676.43 -
Increase (decrease) various elements
of working capital:
Cash (30,997.72) 31,314.98
Investments 903.52 -
Receivables:
Customers (36,277.66) 36,487.55
Budget guarantee (33,404.94) 33,404.94
Inventory (911. 16) 6,861 .79
Customer deposits (1,050.00) (400.00)
Accounts payable 60,072.75 (106,915.63)
Accrued expenses (2,011.22) (753.63)
$ 43,676.43 -
,� See accompanying notes to financial statements.
Exhibit 6
VILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Schedule of Detailed Operating Expenses
and Summary of Capital Outlay
Six months ended April 30, 1979
_. Actual
Golf course:
Personal services $ 209.42
Contractual services 589.52
Fixed charges 301.06
1,100.00
Bath and tennis:
Personal services 8,255.30
Contractual services 7,660. 12
Fixed charges 8,237. 17
Commodities 3,417. 19
27,569.78
Open fields:
Contractual services 6,690.83
Fixed charges 139.01
Commodities 1,291.53
8,121.37
Food operations:
Contractual services 11,040.27
Commodities 21626.94
"- 13,667.21
Beverage operations:
Personal services 555.00
Fixed charges 348.00
Commodities 2,192. 17
3,095. 17
General and administration:
Personal services 8,295 .03
Contractual services 8,094.80
Fixed charges 3,364.67
Commodities 2,002.57
21,757.07
$ 75;310.60
Capital outlay:
Bath and tennis 6,831.38
General and administration 1,309.00
Exhibit 7
VILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Schedule of Detailed Operating Expenses and
Summary of Capital Outlay (and
Comparison with Budget)
Year ended October 31, 1978
Budget Actual
Golf course:
-- Personal services $ 31 ,690.00 41 ,730.40
Contractual services 45,425.00 47,179.33
Fixed charges 13,326.00 13,172.78
Commodities 29,015.00 29,008. 17
119,456.00 131,090.68
—' Bath and tennis:
Personal services 30,600.00 37,154.89
Contractual services 32,400.00 50,281.68
_- Fixed charges 18,945.00 19,498.35
Commodities 3,775.00 11,098.64
85,720.00 118,033.56
Open fields:
Contractual services 56,455.00 40,302.44
Commodities 7,700.00 13,852.91
64,155.00 54,155.35
Food operations:
Personal services 29,900.00 27,293.00
Contractual services 10,200.00 1,793.00
Fixed charges 2,400.00 2,018.82
Commodities 23,100.00 29,869.00
-- 65,600.00 60,973.82
Beverage operations:
Personal services 14,000.00 11 ,658.00
Fixed charges 2,725.00 901.91
Commodities 10,250.00 13,045 .00
$ 26,975.00 25,604.91
(Continued)
2 Exhibit 7, Cont.
VILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Schedule of Detailed Operating Expenses and
Summary of Capital Outlay (and
Comparison with Budget)
Budget Actual
Grill operations:
Personal services $ 4,200.00 6,033.00
Contractual services - 831.50
Fixed charges 125.00 539.15
Commodities 7,165.00 1,684.00
11,490.00 9,087.65
General and administration:
-- Personal services - 156.00
Contractual services 30,825.00 23,923.00
Commodities - 4,029.63
30,825.00 28,108.63
$ 404,221.00 427,054.60
Capital outlay - bath and tennis 40,000.00 7,102.00
$ 40,000.00 7,102.00
Exhibit 8
CVILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Schedule of Property, Plant and Equipment and Accumulated Depreciation
Six months ended April 30, 1979 and year ended October 31 , 1978
Property, plant and equipment Accumulated depreciation
Balance at Rate of Balance at
beginning Additions Balance at depreciation beginning Balance at
of period Acquisition (deductions) end of period Years of period Provision end of period
April 30, 1979:
Land and land rights $ 8,244,900.00 - - 8,244,900.00 - $ - - -
Golf course land improvements 310,000.00 - - 310,000.00 - - - -
Other land improvements 191,000.00 191,000.00 20 9,550.00 4,775.00 14,325.00
Clubhouse 325,000.00 - - 325,000.00 40 8,125.00 4,062.50 12,187.50
Pools 92,000.00 _ _ 92,000.00 20 4,600.00 2,300.00 6,900.00
Tennis courts 61,702.00 61,702.00 15 3,877.00 1,938.50 5,815.50
Other buildings and improvements - - - - - - - -
Other improvements 79,000.00 - 1,149.00 80,149.00 10 7,900.00 4,007.45 11,907.45
Clubhouse equipment 54,500.00 6,991.38 61,491 .38 5 10,900.00 6,149. 14 17,049. 14
Construction in progress 134,931.30 134,931.30 - - - -
C $ 9,358,102.00 - 143,071.68 9,501,173.68 44,952.00 23,232.59 68.184.59
October 31, 1978:
Land and land rights - 8,244,900.00 - 8,244,900.00 = _ _
Golf course land improvements 310,000.00 310,000.00
Other land improvements - 191,000.00 - 191,000.00 20 - 9,550.00 9,550.00
Clubhouse - 325,000.00 - 325,000.00 40 - 8,125.00 8,125.00
Pools _ 92,000.00 - 92,000.00 20 _ 4,600.00 4,600.00
Tennis courts 54,600.00 7,102.00 61,702.00 15 3,877.00 3,877.00
Other buildings and improvements - 69,000.00 (69,000.00) - - - - -
Other improvements _ 79,000.00 _ 79,000.00 10 _ 7,900.00 7,900.00
Clubhouse equipment 54,500.00 54,500.00 -5- 10,900.00 10,900.00
$ - 9,420 000.00 (61,898.00) 9-.,358,102.00 - 44,952.00 44,952.00
F
VILLAGE OF OAK BROOK, ILLINOIS
Sports Core Fund
Notes to Financial Statements
April 30, 1979 and October 31, 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.
T 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 specific activities or attaining
certain objectives in accordance with special regulations, restrictions or
limitations.
Basis of Accounting
.- The accrual basis of accounting is followed for the Sports Core Fund, so that
revenue is recognized when earned or otherwise becomes available and
expenses are recognized when liabilities are incurred.
T Basis of Budgeting
The estimated revenue and budget included in the statements of revenue and
expenses and retained earnings are prepared principally on a cash basis
which, for operations, approximates the basis of accounting for the Fund.
�- Property, Plant and Equipment
Property, plant and equipment are capitalized at historic cost. Depreciation
is provided on a straight-line basis over the estimated useful life by
category.
(Continued)
2
VILLAGE OF OAK BROOK, ILLINOIS
'! Sports Core Fund
Notes to Financial Statements
(2) Acquisition of Sports Core Assets
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. Such acquisition was effective November 1, 1977 .
(3) Management of Sports Core Fund Operations
The Village entered a management agreement with Butler International Sports
Core, Inc. for general, administrative and maintenance services regarding
the Sports Core operations for the year ended October 31, 1978. As a part
of such agreement, Butler International Sports Core, Inc. , guaranteed a
breakeven net operating revenue before depreciation for the year ended
T October 31, 1978. In addition, the Butler International Sports Core, Inc.
has agreed to pay the Fund for any uncollected accounts receivable and all
capital outlay.
w
PART IV
FINANCIAL STATISTICS
w
w
PART IV
FINANCIAL STATISTICS
PART IV
INDEX TO FINANCIAL STATISTICS
Table
General Governmental Expenditures by
Function, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . I
General Revenues by Source, Last Ten
Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . II
Assessed and Estimated Actual Value of
Taxable Property, Last Ten Fiscal Years . . . . . . . . . . . . . . . . . III
Property Tax Rates - All Overlapping Governments
(per $100.00 assessed valuation) ,
Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . IV
Computation of Legal Debt Margin, April 30, 1979 . . . . . . . . . . . . . . V
Summary of Debt Service to Maturity, April 30, 1979 . . . . . . . . . . . . VI
General Bonded Debt Data, April 30, 1979 . . . . . . . . . . . . . . . . . . VII
Building Permit Data, Last Ten Calendar Years . . . . . . . . . . . . . . . VIII
Insurance in Effect, Fiscal Year 1979-1980 . . . . . . . . . . . . . . . . . IX
Miscellaneous Statistical Data, April 30, 1979 . . . . . . . . . . . . . . . X
Organization Flowchart, May 1979 . . . . . . . . . . . . . . . . . . . . . . -
Table. I
VILLAGE OF OAK BROOK, ILLINOIS
I General Governmental Expenditures by Function
CLast Ten Fiscal Years
I Fiscal
year Administration Police Fire Building Engineering Public works Library Pension Insurance Total
1979 $ 429,812 882,185 714,978 93,972 56,795 497,209 48,346 389,922 258,847 3,372,066
1978 319,670 712,034 628,507 86,428 76,074 254,755 41,772 339,943 207,215 2,666,398
1977 368,902 707,421 624,661 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 64,071 68,188 275,046 21,339 174,042 91,482 2,258,996
1974 167,620 493,658 420,765 34,062 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 22,499 25,431 107,429 5,846 87,962 61,284 1,012,947
I 1971 110,967 281,120 183,126 22,332 50,492 120,956 - 71,998 43,976 884,967
1970101 564 239,189 125,197 26 546 2 �4 822 - _ 42.560 70L,051
I
1
I
Table II
VILLAGE OF OAK BROOK, ILLINOIS
General Revenues by Source
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
-' 1979 $ 3,286,830 215,235 165,992 240,561 103,367 203,992 236,638 4,452,615
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 6Q ] _ 6p6 26,406 1,426.054
Table III
VILLAGE OF OAK BROOK, ILLINOIS
Assessed and Estimated Actual Value of Taxable Property
_ Last Ten Fiscal Years
Ratio of total
Real property Personal property Total assessed/total
'!Fiscal Estimated Estimated Estimated estimated
year Assessed actual value Assessed actual value Assessed actual value actual value
_ 1979 $ 184,832 554,551 29,230 87,699 214,062 642,250 33.33%
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 0 1 8}1$$ 45.00
Note - All figures 000's.
Table IV
VILLAGE OF OAK BROOK, ILLINOIS
Property Tax Rates - All Overlapping Governments
(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
1979 5.6082 .3495 0.9350 . 1953 1.7895 1.9910 .2414 . 1065
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
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 5472 - •799 . 130 2.202 2.003 . 1� . 153
*Note - Includes all county, forest preserve and township rates.
Table V
VILLAGE OF OAK BROOK, ILLINOIS
Computation of Legal Debt Margin
April 30, 1979
Assessed value $ 214.13 1 ,556
Debt limit 7.5% of assessed value 16,059,867
Debt applicable to debt limit:
General Obligation Recreation Bonds $ 10,270,000
Heritage/Pullman Bank lease purchase 888,733
Heritage/County Bank lease purchase 68,314
Total applicable debt 11,2272047
Legal debt margin $ 4,832,820
Table VI
VILLAGE OF OAK BROOK, ILLINOIS
Summary of Debt Service to Maturity
April 30, 1979
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:
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
T 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
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
$ .97� 48� .77� 1,252;900 .2� 4 17.910 3.4
Table VII
VILLAGE OF OAK BROOK, ILLINOIS
w General Bonded Debt Data
April 30, 1979
Ratio of net general bonded debt to assessed
value and net bonded debt per capita for
fiscal year 1979:
Census population (1975) 5,281
Assessed value $ 214 131,556
Gross bonded debt 10,270,000
Less Debt Service Fund balance 116,239
Net bonded debt $ 10,153,761
Ratio of net bonded debt to assessed value 4.742%
Net bonded debt per capita $ 1,923
Ratio of annual debt service expenditures for general
bonded debt to total general expenditures for
"- fiscal year 1979:
Principal amount -
Interest 7407930
Total debt service $ 740,930
= Total general expenditures $ 3,753,616
Ratio of debt service to general expenditures 19.739%
Schedule of net bonded debt - last ten fiscal years:
1979 $ 10,153,761
1978 10,187,519
= 1977 and prior -
Table VIII
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
1978 138 $ 16,366,900 118,601 17 $ 29,295,000 1,723,235
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
Table IX
IVILLAGE OF OAK BROOK, ILLINOIS
Insurance in Effect
Fiscal year 1979-80
Name of company Policy period
Type of insurance (policy number) From To Amount of coverage Premium
IEmployee benefit St. Paul Insurance
programs liability Company
I512TD2984 5-15-79 5-15-80 $100,000.00 each occurrence $ 154.00
Excess liability International Surplus
Lines Insurance
Company
XSI 5551 5-15-79 1- 1-80 $5,000,000.00 each occurrence 3,165.00
Boiler and machinery insurance Chubb/Pacific Indemnity
Group
7826-26-62 5-15-79 5-15-80 $1,000,000.00 each occurrence 205.00
I Treasurer's bond American Motorists
Insurance Company
9SM-061-900 4-13-79 4-13-80 $100,000.00 73.00
Volunteer accident insurance Home Insurance Company
HVF-7-14-61 5-15-79 5-15-80 $17,500.00 each occurrence 860.00
INote - Effective January 1, 1979, the Village entered into a contractual agreement with 14 other municipalities to form the Inter-
governmental Risk Management Agency (IRMA) , which through its risk-sharing provisions provides the Village with its insurance
coverage for liability, property damage and workmen's compensation insurance. The Village's contribution to this cooperative
agency for 1979 was $73,357.00 and was determined by the pro rata share of each municipality's audited revenues for the previous
year, to be sufficient annually to fund administrative expenses and create sufficient reserves for claim payments and the
I purchase of excess insurance. The Agency provides loss protection in excess of a deductible of $1,000.00 per occurrence to be
paid by each municipality. The Agency is required to pay up to $250,000.00 per occurrence for loss or injury within the scope
of its self-insurance coverage. The Agency has also purchased catastrophe excess insurance over the amount of its $250,000.00
I obligation and aggregate stop loss insurance. The amount of excess insurance is $9,750,000.00 per occurrence for property
exposures, and $4,750,000.00 for vehicle, general liability and workmen's compensation exposures. The Agency has contracted
the services of Gallagher Bassett Insurance Service for the claims administration function.
f
I
I
I
Table X
VILLAGE OF OAK BROOK, ILLINOIS
Miscellaneous Statistical Data
April 30, 1979
1. Date of incorporation: 2-21-58
2. Form of government: Seven member Board of Trustees, including President;
Village Manager appointed by Board of Trustees
3. Area - square miles: 8.5
4. Miles of streets: 53 miles
5. Fire protection: Number of stations: 2
Number of full-time employees: 31
Number of part-time employees: 35
Vehicular equipment units: 12
6. Police protection: Number of employees: 31 sworn, 9 clerical
Detention facilities: 2 juvenile, 6 adult
Vehicles: 11
7. Recreation: Oak Brook Sports Core - 269 acres including bath and
tennis club; 18-hole golf course to be in operation
in 1980
Oak Brook Park District - 66 acres including
indoor and outdoor tennis
DuPage County Forest Preserve - 141 acres
8. Education: Brookforest Elementary School
205 students, 10 teachers
_ Butler Elementary School
338 students, 35 teachers
9. Water system: Number of customers: 294 commercial
3,492 residential
Gallons pumped by 1978/79: 880,719,000
10. Census data: 1960 - 324; 1970 - 4,164; 1975 - 5,281