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CAFR (Year Ended December 31, 2013) w • t �4b • r �- VILLAGE OF OAK BROOK, ILLINOIS TABLE OF CONTENTS ._ Page(s) INTRODUCTORY SECTION PrincipalOfficials............................................................................................................. i OrganizationChart............................................................................................................ ii Certificate of Achievement for Excellence in Financial Reporting iii Letterof Transmittal ......................................................................................................... iv-ix FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT........................................................................ 1-3 GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS Management's Discussion and Analysis......................................................................MD&A 1-14 Basic Financial Statements Government-Wide Financial Statements Statement of Net Position................................................................................... 4 Statementof Activities....................................................................................... 5-6 -- Fund Financial Statements Governmental Funds BalanceSheet................................................................................................ 7 '- Reconciliation of Fund Balances of Governmental Funds to the Governmental Activities in the Statement of Net Position......................... 8 Statement of Revenues, Expenditures and Changes in Fund Balances......... 9 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Governmental Activities in the Statement of Activities...................................................... 10 VILLAGE OF OAK BROOK,ILLINOIS TABLE OF CONTENTS (Continued) — Pae s FINANCIAL SECTION(Continued) GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS (Continued) _ Basic Financial Statements (Continued) Fund Financial Statements (Continued) Proprietary Funds Statement of Net Position.............................................................................. 11 Statement of Revenues, Expenses and Changes in Net Position................... 12 Statement of Cash Flows............................................................................... 13-14 — Fiduciary Funds Statement of Fiduciary Net Position.............................................................. 15 Statement of Changes in Fiduciary Net Position........................................... 16 Notes to Financial Statements................................................................................. 17-51 Required Supplementary Information Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual GeneralFund...................................................................................................... 52 Hotel/Motel Tax Fund........................................................................................ 53 Notes to Required Supplementary Information....................................................... 54 Schedule of Funding Progress Illinois Municipal Retirement Fund ................................................................... 55 Sheriff's Law Enforcement Personnel................................................................ 56 PolicePension Fund........................................................................................... 57 Firefighters' Pension Fund................................................................................. 58 Other Postemployment Benefit Plan.................................................................. 59 Schedule of Employer Contributions Illinois Municipal Retirement Fund ................................................................... 60 Sheriff s Law Enforcement Personnel................................................................ 61 PolicePension Fund........................................................................................... 62 Firefighters' Pension Fund................................................................................. 63 Other Postemployment Benefit Plan .................................................................. 64 VILLAGE OF OAK BROOK, ILLINOIS TABLE OF CONTENTS (Continued) Page(s) FINANCIAL SECTION (Continued) COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES MAJOR GOVERNMENTAL FUNDS Schedule of Revenues - Budget and Actual - General Fund................................... 65 Schedule of Expenditures - Budget and Actual - General Fund.............................. 66-72 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Infrastructure Fund............................................................... 73-74 NONMAJOR GOVERNMENTAL FUNDS CombiningBalance Sheet....................................................................................... 75 Combining Statement of Revenues, Expenditures and Changes in Fund Balances..................................................................................... 76 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual MotorFuel Tax Fund.......................................................................................... 77 Foreign Fire Insurance Tax Fund........................................................................ 78 PromenadeTIF Fund.......................................................................................... 79 PROPRIETARY FUNDS MAJOR ENTERPRISE FUNDS Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual - Waterworks System Fund................................................ 80 Schedule of Operating Expenses - Budget and Actual - Waterworks System Fund................................................................................. 81 Schedule of Revenues, Expenses and Changes in Net Position- Budget and Actual - Sports Core Fund............................................................. 82 Schedule of Operating Revenues - Budget and Actual - Sports Core Fund 83 Schedule of Operating Expenses - Budget and Actual - SportsCore Fund.............................................................................................. 84-86 VILLAGE OF OAK BROOK, ILLINOIS TABLE OF CONTENTS (Continued) — Page(s) FINANCIAL SECTION (Continued) — COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES _ (Continued) PROPRIETARY FUNDS (Continued) _ INTERNAL SERVICE FUNDS Combining Statement of Net Position................................................................ 87 Combining Statement of Revenues,Expenses and Changesin Net Position................................................................................... 88 — Combining Statement of Cash Flows................................................................. 89-90 Schedule of Revenues, Expenses and Changes in Net Position- Budget and Actual — Self-Insurance Fund....................................................................................... 91 GarageFund.................................................................................................. 92 Capital Replacement Fund............................................................................ 93 _ FIDUCIARY FUNDS PENSION TRUST FUNDS Combining Statement of Plan Net Position........................................................ 94 Combining Statement of Changes in Plan Net Position..................................... 95 Schedule of Changes in Plan Net Position- Budget and Actual _ PolicePension Fund...................................................................................... 96 Firefighters' Pension Fund............................................................................ 97 STATISTICAL SECTION Financial Trends Net Position by Component..................................................................................... 98-99 Change in Net Position............................................................................................. 100-103 Fund Balances of Governmental Funds................................................................... 104-105 — Changes in Fund Balances of Governmental Funds ................................................ 106-107 Revenue Capacity Assessed and Estimated Actual Value of Taxable Property.................................... 108 Property Tax Rates - Direct and Overlapping Governments ................................... 109 Principal Revenue Taxpayers................................................................................... 110 Direct and Overlapping Sales Tax Rates.................................................................. 111 — VILLAGE OF OAK BROOK, ILLINOIS TABLE OF CONTENTS (Continued) Page(s) STATISTICAL SECTION (Continued) Debt Capacity Ratios of Outstanding Debt by Type........................................................................ 112 Schedule of Direct and Overlapping Bonded Debt.................................................. 113 Legal Debt Margin Information............................................................................... 114 Demographic and Economic Information Demographic and Economic Information 115 PrincipalEmployers................................................................................................. 116 Retail Sales Volume - Top 25 Illinois Communities............................................... 117 Sales Tax Receipts - Cash Basis .............................................................................. 118 State Sales Tax Receipts by Month- Cash Basis..................................................... 119 — Non-Home Rule Sales Tax Receipts by Month- Cash Basis.................................. 120 SalesTax by Category.............................................................................................. 121 Non-Home Rule Sales Tax by Category.................................................................. 122 Operating Information Budgeted Full-Time Equivalent Employees............................................................ 123-124 OperatingIndicators................................................................................................. 125 Capital Asset Statistics............................................................................................. 126 VILLAGE OF OAK BROOK,ILLINOIS PRINCIPAL OFFICIALS December 31, 2013 Gopal Lalmalani, Village President Charlotte K. Pruss, Village Clerk BOARD OF TRUSTEES Don Adler John Baar Michael Manzo Asif Yusuf Mark M. Moy Gerald Wolin VILLAGE MANAGER David Niemeyer, Village Manager FINANCE DEPARTMENT Sharon Dangles, Finance Director/Treasurer - i - Village of Oak Brook Organization Chart Residents January 2014 of Oak Brook Village Clerk Village President and Board of Trustees Village Manager Village Attorney Village Attorney Boards and (General) (Labor) Commissions Public Works! Community Assistant Village Oak Brook Public Sports Core Finance Director Chief of Police Fire Chief Engineering Development Manager library Director Director Director Director - Il - Government Finance Officers Association _ Certificate of Achievement for Excellence in Financial Reporting Presented to Village of Oak Brook Illinois For its Comprehensive Annual Financial Report for the Fiscal Year Ended December 31, 2012 Executive Director/CEO 6E of 044 P ego � o 6 May 21, 2014 G y 1 9CF�OUNTV Village of Oak Brook President and Board of Trustees " 1200 Oak Brook Road Village of Oak Brook Oak Brook,IL 60523-2255 Oak Brook, Illinois 60523 Website Lwww.oak-brook.org Administration Dear President and Board of Trustees: 630.368.5000 FAX 630.368.5045 We are pleased to present to you the Comprehensive Annual Financial Community Report (CAFR) of the Village of Oak Brook for the year ended December Development 31, 2013. According to mandated local ordinances and state statutes it is 630.368.5101 required that a complete set of financial statements be published and FAX 630.368.5128 q p presented in conformance with accounting principles generally accepted in M Engineering the United States of America (GAAP) and audited in accordance with 1.. Department auditing standards generally accepted in the United States of America and 630.368.5130 those standards app applicable to audits performed in accordance with FAX 630.368.5128 L Government Auditing Standards by licensed independent certified public Fire Department accountants. 630.368.5200 LFAX 630.368.5251 Responsibility for both the accuracy of the presented data and the Police Department completeness and fairness of the presentation, including all disclosures, 630.368.8700 rest with the management of the Village. We believe to the best of our FAX 630.368.8739 knowledge, as presented, is accurate in all material respects and presented Public Works in a manner designed to fairly set forth the financial position and results of I Department the operations. 630.368.5270 FAX 630.368.5295 Management of the Village is responsible for establishing and maintaining internal controls designed to ensure that the assets of the Village are Oak Brook protected from loss, theft or misuse and to ensure that sufficient, reliable, Public Library adequate accounting data is compiled for the preparation of financial 600 Oak Brook Road statements in conformity with GAAP. Internal accounting controls have 1,,,,ak Brook,1L 60523-2200 been designed to provide reasonable rather than absolute assurance that 630.368.7700 the financials statements will be free from material misstatement. We FAX 630.368.7704 believe that the Village's internal controls adequately safeguard assets and Z provide reasonable assurance of properly recorded financial transactions. t*Oak Brook Sports Core p p p y Bath&Tennis Club In addition, the Village maintains budgetary controls. The objective of L 700 Oak Brook Road these controls is to ensure compliance with legal provisions embodied in Oak Brook,IL 60523-4600 the annual budget approved by the Village Board. All disbursements 630.368.6420 receive approval from the Board of Trustees. The Village also maintains FAX 630.368.6439 I>h g an encumbrance system that is used as an extension of formal budgetary Golf Club integration. 42606 York Road -ak Brook,IL 60523-4602 630.368.6400 FAX 630.368.6419 - 1V - k The Village's financial statements have been audited by Sikich, a firm of licensed certified public accountants. The independent audit is to provide reasonable assurance that the financial statements of the Village of Oak Brook are free of material misstatements. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing accounting principles used and significant estimates made by management; and the evaluation of the overall financial statement presentation. Based upon the audit for the year ending December 31, 2013, the independent auditors concluded, that there was a reasonable basis for rendering an unmodified opinion on the Village's financial statements. The independent auditor's report is presented as the first component of the financial section of this report. Management's discussion and analysis (MD&A) immediately follow the independent auditor's report and provides a narrative introduction, overview and analysis of the basic financial statements. The MD&A complements this letter of transmittal and should be read in conjunction with it. Profile of the Village of Oak Brook The Village of Oak Brook is located approximately 15 miles west of the _ Chicago Loop, near the geographic center of the seven-county Chicago metropolitan area. Excellent transportation links are provided to all parts of the greater metropolitan area by a network of tollways and federal and _ state highways which pass through or near the Village. The Tri-State Tollway (I-294), running along the Village's eastern boundary, provides rapid access to the northern and southern suburbs, and into Wisconsin and Indiana. The East-West Tollway (I-88), passing through the Village's northern sector, joins the Eisenhower Expressway to the northeast, providing direct access to Chicago's Loop. Additional links include east- west arteries Illinois Route 38 and U.S. Route 34, which pass, respectively, to the north and south of the Village, and Illinois Route 83, which bisects the community in a north-south direction. The Oak Brook _ area is generally bounded on the north by the communities of Lombard, Villa Park, Elmhurst and Oak Brook Terrace and on the south by Downers Grove, Westmont, Clarendon Hills and Hinsdale. The Village of Oak Brook operates under the Village form of government with an elected Village President and six (6) Trustees. Operational management is provided by a professional manager appointed by the Board of Trustees. The Village provides a wide range of municipal services including general government, public safety (police and fire), public works, road maintenance, community development and recreation facilities and a free public library. - v - For additional information concerning the Village, please visit our website at www.oak-brook.org. Local Economy and Finances — The Village of Oak Brook has been and continues to be one of the preeminent business centers in the Chicago metropolitan area. Several _ Fortune 500 companies have facilities in the Village, including the corporate headquarters of McDonald's Corporation. As a retail center, Oak Brook offers upscale shopping, fine restaurants, and Oak Brook — Center, one of the leading outdoor shopping centers in the United States. These factors, as well as the performance of the Illinois economy over times, have enabled the Village to operate without a real estate tax since ._ inception due to the sales taxes generated from retail business activities. With sales taxes being the largest source of revenue, the local and national — economy has a significant effect on the amount of revenue the Village receives. Sales tax collections increased over 4% compared to last year's collections. This year was a record year for new development with the number of building permits issued increasing by 5% over 2012 figures. The amount of permit fees collected in 2013 exceeded $1 million which is over $.5 million compared to 2012 collections. New Commercial Development A significant number of large projects have either been completed or are still ongoing at Oakbrook Center including;Nordstrom's,Neiman Marcus, Apple Store, Perch, Perry's Steakhouse, Old Town Pour House, Container Store, Le Meridian Hotel, West Elm, Tommy Bahama, Red Robin and — Aritzia. The Le Meridian Hotel is expected to open in July 2014. As a result of the — recent planned development approval at Oakbrook Center, it is likely that at least two new pavilion structures and digital sign/video screen will be constructed this summer. The Oak Brook Court development is being — actively marketed by ownership and it is likely that at least one new tenant may take space in that center. -vi - -- New Office Development The size and scope of the building permits that were reviewed and approved were substantial including; HUB Group Headquarters, Blistex expansion, Advocate Healthcare building renovation and parking deck expansion, Clearwater retail out-building which includes new Chipotle and Roti Mediterranean Grill restaurants, Molina Health Care, Great Lakes Dredge and Dock, and NxStage Medical Care. The HUB Group office building was granted occupancy in December 2013 and is now home to approximately 400 employees. Long-term Financial Planning The Village uses a number of processes to accomplish financial planning which are outlined as follows: Goals and Obiectives — this is an annual process in which the Village Board and staff express specific objectives to be accomplished. Typically, objectives relate to a specific task or project or to a change in methods or operations designed to achieve the stated objective. Roadway Maintenance Plan — this plan is based on the Village's — pavement management database and on a visual inspection of every public street segment in the Village. The Plan, which is updated annually, _ includes a long-range schedule of roadway maintenance activities as well as cost projections over the next ten year period in order to plan for the orderly maintenance of the Village's roadway system. — Five-Year Financial Plan —this document is prepared annually in order to provide the Village Board and the community with a five year projection of the financial condition of each of the twelve funds that comprise the Village's financial structure. This document is not as precise as the annual budget but it does project both revenues and expenditures for each of the _ next five years that can assist in identifying positive and negative trends. Annual Budget — using the information gathered through the goals and objectives process, roadway maintenance plan, and five-year financial plan, the annual line item budget is prepared. The budget is structured according to cost centers (called "programs") and sets the spending plan for the coming year. The foundation of all of the Village's financial planning is centered on the Village Board's well publicized policy of maintaining a cash and investment reserve in the General Fund that meets or exceeds six months -vii - In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. The Village has successfully obtained the Certificate of Achievement for 36 consecutive years. We believe that our current Report conforms to Certificate of Achievement Program requirements, and we are submitting it to GFOA to determine its eligibility for another certificate. The preparation of this report could not be published without the efficient and dedicated services of the entire Finance Department of the Village of Oak Brook. We wish to express our appreciation to those persons who have made possible the publication of this report, and to thank the President and members of the Board of Trustees for their interest and support in planning and conducting the financial operations of the Village in a responsible and progressive manner. Sharon Dangles Finance Director - ix - INDEPENDENT AUDITOR'S REPORT Sikich. 630.566.8400 H www.sikich.com 1415 W.Diehl Road,Suite 400 Certified Public Accountants&Advisors Naperville, Illinois 60563 Members of American Institute of Certified Public Accountants INDEPENDENT AUDITOR'S REPORT The Honorable President .. Members of the Board of Trustees Village of Oak Brook Oak Brook, Illinois We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the Village of Oak Brook, Illinois (the Village) as of and for the year ended December 31, 2013, which collectively comprise the Village's basic financial statements as listed in the table of contents and the related notes to financial statements. Management's Responsibility for the Financial Statements -- Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We — conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Village's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Village's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. - 1 - Opinions — In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the Village of Oak Brook, Illinois, as of December 31, 2013, and the respective changes in financial position, and where applicable, cash flows thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. Other Matters —' Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and other required supplementary information listed in the table of contents be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have -� applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Village of Oak Brook, Illinois' financial statements as a whole. The introductory section, combining and individual fund financial statements and schedules and .A statistical section are presented for purposes of additional analysis and are not a required part of the financial statements. The combining and individual fund statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. We also have previously audited, in accordance with auditing standards generally accepted in the United States of America, the Village's basic financial statements for the year ended December 31, 2012, which are not presented with the accompanying financial statements. In our report dated April 17, 2013, we expressed unmodified opinions on the respective financial statements of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information. That audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Village's financial statements as a whole. The 2012 comparative information included on certain combining and individual fund statements and schedules are presented for purposes of additional analysis and are not a -2 - required part of the financial statements. Such information is the responsibility of management _ and was derived from and relates directly to the underlying accounting and other records used to prepare the 2012 financial statements. The information has been subjected to the auditing procedures applied in the audit of those financial statements and certain additional procedures, — including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the — United States of America. In our opinion, the 2012 comparative information included on certain combining and individual fund statements and schedules are fairly stated in all material respects in relation to the basic financial statements from which they have been derived. — A — Naperville, Illinois �v May 12, 2014 GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS December 31,2013 As the management of the Village of Oak Brook (the "Village"), we offer readers of the Village's financial statements this narrative overview and analysis of the financial activities of the Village for the fiscal year ended December 31, 2013. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in the Transmittal Letter (beginning on page iv) and the Village's Financial Statements (beginning on page 4). — This discussion and analysis is designed to (1) assist the reader in focusing on significant financial issues, (2) provide an overview of the Village's financial activity, (3) identify changes in the Village's financial position (its ability to address the next and subsequent year challenges), .-. (4) identify any material deviations from the financial plan (the approved budget), and (5) identify individual fund issues or concerns. HIGHLIGHTS Financial Highlights • For the year ending December 31, 2013, the Village's assets exceeded liabilities by $116.6 million (net position). • The governmental activities reported total net position of $82.3 million, which is an increase of $1.4 million, or 1.7%, in comparison to the prior year. The unrestricted portion of the net position is $13.3 million or 16.1% of the total. • The business-type activities reported total net position of $34.3 million, which is an — increase of $3.1 million, or 9.6% compared to last year. Approximately 13.5% of the total, or $4.6 million is unrestricted. • The Village's total net position increased by $4.5 million, or 3.9% compared to the prior year. • The Village had a total of$18.0 million of unrestricted net position. ,- • Total revenues increased $2.3 million, or 6.3% compared to the prior year. • Total expenses increased $0.3 million, or 0.9%, in comparison to the prior year. Government-Wide Financial Statements The government-wide financial statements are designed to provide readers with a broad -- overview of the Village's finances, in a manner similar to a private-sector business. The focus of the Statement of Net Position presents information on all of the Village's assets/deferred outflows and liabilities/deferred inflows, with the difference between the two reported as net position. This statement combines and consolidates governmental fund's current financial (See independent auditor's report) MD&A 1 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) resources (short-term spendable resources) with capital assets and long-term obligations using the accrual basis of accounting and economic resources measurement focus. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Village is improving or deteriorating. The Statement of Activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., earned but unused compensated absences). Both of the government-wide financial statements (see pages 4-6) distinguish functions of the Village that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the Village reflect the Village's basic services, including administration, police, fire and emergency medical services, engineering,public works, library, and community development. The business- type activities of the Village, which are based on a fee for service designed to cover all or most _ of the cost of operation, include the waterworks system and operations of the Oak Brook Sports Core. Fund Financial Statements Traditional users of governmental financial statements will find the Fund Financial Statements to be more familiar. The focus of the presentation is on major funds rather than fund types. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The Village, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the Village can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. �. Governmental Funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial - statements focus on near-term inflows and outflows of spendable resources, as well as balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. a By doing so, readers may better understand the long-term impact of the government's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to ... facilitate this comparison between governmental funds and governmental activities. (See independent auditor's report) MD&A 2 _, VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) The Village maintains 6 individual governmental funds. Information is presented separately in the governmental fund balance sheet and statement of revenues, expenditures, and changes in fund balances for the General Fund, Hotel/Motel Tax Fund and Infrastructure Fund, all of which are considered to be "major" funds. Data from the other 3 governmental funds are combined into a single, aggregate presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report. The Village adopts an annual budget for each of its governmental funds. A budgetary comparison statement has been provided elsewhere in this report to demonstrate compliance with the budget. The basic governmental fund financial statements can be found on pages 7 through 10 of this report. ti Proprietary Funds. The Village maintains two different types of proprietary funds: enterprise funds and internal service funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The Village uses enterprise funds to account for its waterworks system and the operations of the Oak Brook Sports Core. Internal service funds are an accounting device used to accumulate and allocate costs internally among the Village's various functions. The Village uses internal service funds to account for the costs of health and dental insurance, garage operations, and the advance funding of equipment replacement. Because the Village's costs for these items relate to both governmental and business-type functions, the costs have been allocated to each type of activity where appropriate. ..� Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the Waterworks System and the Oak Brook Sports Core, both of which are considered to be major funds of the Village. Conversely, the internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this report. The basic proprietary fund financial statements can be found on pages 11 through 14 of this -- report. Fiduciary Funds. Fiduciary funds are used to account for resources held for the benefit of parties outside of the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the Village's own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The Village maintains two fiduciary funds: the Police Pension Fund and the Firefighters' Pension Fund. The basic fiduciary fund financial statements can be found on pages 15 and 16 of this report. (See independent auditor's report) MD&A 3 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) Summary of Net Position The following table reflects a Summary of Net Position for fiscal years 2013 and 2012. Table 1 Statement of Net Position R As of December 31,2013 and 2012 (in millions) Governmental Business-Type Total Primary Activities Activities Government 2013 2012 2013 2012 2013 2012 Current and Other Assets $ 31.3 $ 31.5 $ 5.3 $ 1.9 $ 36.6 $ 33.4 Capital Assets 60.4 60.4 29.6 30.1 90.0 90.5 Total Assets 91.7 91.9 34.9 32.0 126.6 123.9 Long-Term Liabilities 6.7 8.4 0.1 0.3 6.8 8.7 Other Liabilities 2.7 2.6 0.5 0.5 3.2 3.1 Total Liabilities 9.4 11.0 0.6 0.8 10.0 11.8 Net Position: Net Investment in capital assets 59.3 57.6 29.6 30.0 88.9 87.6 Restricted 9.7 9.3 - - 9.7 9.3 Unrestricted 13.3 14.0 4.7 1.2 18.0 15.2 Total Net Position $ 82.3 $ 80.9 $ 34.3 $ 31.2 $ 116.6 $ 112.1 The Village's combined net position increased by $4.5 mi 1 lion from $112.1 to $116.6 million during 2013. The increase in net position of governmental activities is mainly due to a decrease in long-term liabilities due to the final payment made for the Illinois Tollway. The increase in net position of business-type activities is primarily due to the prior period adjustment in the amount of$2.4 million. The net investment in capital assets is the largest portion of net position. This represents capital assets (land, buildings, improvements, equipment, infrastructure and construction in progress), net of accumulated depreciation, and the outstanding related debt used to acquire the assets. The Village uses these capital assets to provide services to its citizens and these assets are not available for future spending. For more detailed information, see the Statement of Net Position on page 3. (See independent auditor's report) MD&A5 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) - Summary of Changes in Net Position The following table summarizes the revenues and expenses of the Village's activities for 2013 and 2012: Table 2 Changes in Net Position For the Fiscal Year Ended December 31, 2013 and 2012 - (in millions) Governmental Business-Type Total Primary Activities Activities Government 2013 2012 2013 2012 2013 2012 REVENUES - Program Revenues: Charges for Services $ 3.2 $ 2.7 $ 10.1 $ 9.8 $ 13.3 $ 12.5 Grants and Contributions 0.9 0.3 - - 0.9 0.3 _ General Revenues: Sales and Local Use Taxes 17.3 16.7 - - 17.3 16.7 Utility Taxes 5.0 4.9 - - 5.0 4.9 Other Taxes 1.8 2.4 - - 1.8 2.4 - Transfers (0.2) - 0.2 - - - Investment Income - - - - - - Other 0.8 - - - 0.8 - Total Revenues 28.8 27.0 10.3 9.8 39.1 36.8 EXPENSES General Government 4.3 3.7 - - 4.3 3.7 Public Safety 13.7 13.4 - - 13.7 13.4 Public Works 4.8 6.1 - - 4.8 6.1 Culture and Recreation 1.8 1.8 - - 1.8 1.8 Waterworks System - - 6.3 5.6 6.3 5.6 Sports Core - - 3.3 3.3 3.3 3.3 Interest on Long-Term Debt 0.4 0.4 - - 0.4 0.4 Total Expenses 25.0 25.4 9.6 8.9 34.6 34.3 Change in Net Position $ 3.8 $ 1.6 $ 0.7 $ 0.9 $ 4.5 $ 2.5 Total Net Position $ 82.3 $ 80.9 $ 34.3 $ 31.2 $ 116.6 $ 112.1 Total revenues increased $2.3 million, or 6.3%, compared to the prior year. Total expenses increased $0.3 million, or 0.9%, compared to the prior year. - Governmental Activities The net position of the Village's governmental activities increased by $1.4 million. The increase in the governmental activities net investment in capital assets is $1.7 million or 2.9% compared to the prior year. - (See independent auditor's report) - MD&A 6 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) The following chart shows revenues by source of governmental activities by percent of total revenues. 2013 Revenues By Source - Governmental Activities Other .0% Other Charges for Taxes Services 8% 11% -- Grants and Contributions 3% Utility Taxes 18% o , Sales and Use Taxes -- 60% The following is a chart of revenues by source for governmental activities for fiscal years 2013 and 2012. Revenues b i other other ares v t�lity�aXes ■2012 and Use.�aXesF m2013 Saes r�but�onS Go nt Grants and eN,ces l Charges forS 0 2 4 $ $ $ $6 $8 $10 $12 $14 $16 $18 Millions (See independent auditor's report) MD&A 7 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) — Current Year Impacts Revenues—Governmental Activities For the fiscal year ended December 31, 2013, revenues totaled $28.8 million, an increase of$1.8 million from 2012. Revenue from sales and use taxes, which continues to be the Village's largest revenue source, amounted to more than $17.0 million or 60% of total revenue, an increase of $0.6 million or 3.5% from 2012. Utility taxes, which include the taxes imposed on electric, natural gas, and telecommunications services, were $5.0 million or 18% of total revenues. This represents an increase of 2% from the comparable amount in 2012. The "other taxes" classification includes a number of different revenue sources including income taxes, personal property replacement taxes, and hotel taxes. For 2013, these revenues were $1.8 million or 8% of total revenues, which is a slight decrease from 2012. Personal property — replacement taxes, income taxes and hotel taxes increased when compared to last year. Charges for services, which include revenue such as building/inspection fees, permit fees, — ambulance fees have increased $0.5 million, which is primarily attributed to an increase in the amount of permits compared to 2012. Investment income is still experiencing low investment yields, however, we diversified the investments which improved returns by 47% compared to 2012. Expenses by Function - Governmental Activities 16 14 12 ®2013 cA 0 •� 8 - C6 ■2012 4 4 2 ' 0 � - ,s t�`�\e� �a�e�� ea,�\o� \�-e�es'� 1 ,a\00 Q� Qa `G to&9-ec Gene Expenses by Function—Governmental Activities .� Expenses for the Village of Oak Brook for Governmental activities amounted to a total of$25.0 million in 2013, a decrease of$0.4 million from 2012. As required by GASB Statement No. 34, — the expense totals include depreciation expense of $1.8 million for governmental activities. Depreciation expense, which includes depreciation on infrastructure, has been allocated over the most appropriate functional categories. -- (See independent auditor's report) _ MD&A 8 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) General government expenses were $4.3 million, an increase of$0.6 million from 2012 due to an increase in personnel costs and operational and contractual commitments. Public Safety expenses were $13.7 million, an increase of$0.3 million from 2012. = Public works expenses were $4.8 million, a decrease of $1.3 million from 2012 due to less Roadway Improvements. Culture and recreation expenses were $1.8 million, which is not a significant change comparable to 2012. Business-type Activities The business-type activities in net position increased by $3.1 million primarily due to the prior period adjustment in the amount of$2.4 million. The net investment in capital assets decreased by $0.4 million compared to last year mainly due to a reduction in infrastructure projects that occurred in 2013. For business-type activities, revenues for the waterworks system were $6.9 million which increased slightly by $0.2 million compared to the prior year. Revenues for Sports Core were $3.2 million, which is not a significant change compared to the prior year. For business-type activities, expenses for the waterworks system were $6.3 million or 65.6% of total expenses, which is an increase of $0.7 million from 2012. Sports Core expenses were $3.3 million or 34.4% of total expenses, no significant change from 2012. -- Golf Club operating revenues were down $99,338 in 2013 compared to 2012. A flood occurred in April and it was a rainy season in May/June. In addition, winter came earlier than expected. In 2013, the results reflect a year that was challenged by the weather. ■ Total Golf rounds were down 10%, or 3,967 rounds ■ Greens fees were down 8%, or $77,327 ■ Cart fees were down 7%, or$21,820 ■ Driving range fees were up 7%, or $13,855 ■ Pro Shop sales were down 10%, or $19,980 Swimming and tennis operating revenues were down $15,110 due to weather in 2013 compared to 2012. ■ Attendance at the pool decreased by 37.7%, or 4,135 total visits for the pool season. ■ Tennis program hours decreased by 26%, or 121 hours. Special events revenues increased by $88,372 due to an increase in polo revenues. Rentals and commissions increased by $87,781 due to an increase in rentals at the Bath & Tennis and open fields compared to 2012. Food & Beverage decreased by $23,587 at the pool and golf due to challenging weather in 2013. (See independent auditor's report) MD&A 9 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) There was a reduction in expenses at the Golf Club and swimming and tennis operations. Golf Club and swimming and tennis was in direct correlation with the decrease in revenues. ., ■ Special events operating expenses increased in 2013 by $145,737 mainly due to the village polo operations. ■ In 2013, the General Corporate fund transferred $210,324 to assist with sports core operations. Polo operations needed $96,000, general operations needed $92,000 and the remaining was to pay for golf drainage engineering costs. -- FINANCIAL ANALYSIS OF THE VILLAGES FUNDS Governmental Funds As noted earlier, the Village of Oak Brook uses fund accounting to ensure and demonstrate _ compliance with finance-related legal requirements. As of December 31, 2013, the governmental funds (as presented on the balance sheet on page 7) had a combined fund balance of $26.1 million, which is a decrease of$0.8 million over the prior year. The economy has shown some signs of recovery in consumer spending and user fees used to support the General Fund. The Infrastructure Fund, which is primarily supported by the Village's non-home rule sales tax, decreased by $0.2 million compared to 2012 due to a decrease in non home rule sales tax. The non-major governmental funds had a decrease of$2.4 million due primarily to the Hotel/Motel Tax Fund qualifying as a Major Fund this year. Proprietary Funds Net position for the Village's two business-type activities increased $3.1 million from 2012 (see pages 11-12). In the Water Fund, net position increased $0.7 million due to an increase in total current assets. In the Sports Core Fund, net position increased by $2.4 million due to the prior period adjustment. In 2003, the Village Board policy was to require budget transfers when an individual program or fund exceeds its budget in total. In addition to these program transfers, beginning in 2004 the .� Village Board approved an ordinance requiring a budget transfer for any individual line item account that exceeded its budget by more than 110%. In October, 2006 this policy was further revised by eliminating the 110% threshold and instead requiring a line item budget transfer for •. any variance exceeding $10,000 in a personnel series account and variances exceeding $2,500 in all other accounts. (See independent auditor's report) MD&A 10 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) Table 3 General Fund Budgetary Highlights For the Fiscal Year Ended December 31,2013 Original Amended Budget Budget Actual REVENUES AND TRANSFERS Intergovernmental $ 12,122,420 $ 12,122,420 $ 13,032,334 Utility Taxes 4,910,000 4,910,000 5,047,306 Licenses& Permits 952,425 952,425 1,686,269 Charges for Services 962,850 962,850 1,021,858 Other 694,820 694,820 601,170 Total Revenues and Transfers 19,642,515 19,642,515 21,388,937 EXPENDITURES General Government 4,477,191 4,340,876 4,285,385 Public Safety 13,187,905 13,601,030 13,408,744 Public Works 576,340 547,570 515,171 Culture and Recreation 961,575 961,575 941,866 Debt Service 295,005 295,005 295,003 Total Expenditures and Transfers 19,498,016 19,746,056 19,446,169 OTHER FINANCING SOURCES(USES) Transfers (Out) (725,324) (725,324) (725,324) Change in Fund Balance $ (580,825) $ (828,865) $ 1,217,444 Intergovernmental revenues were over budget due primarily to sales tax revenue receipts being $0.9 million higher than budget projections. Charges for services were over budget due to a — decrease in building inspection fees and ambulance fees. Licenses and permits were over budget due to increased permit activity. Actual expenditures were $0.1 million below of the original budget and $0.3 million below the amended budget. The Village continues to be conservative in spending in 2013 and a number of positions continued to be left vacant. (See independent auditor's report) MD&A 11 VILLAGE OF OAK BROOK,ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) Capital Assets The following schedule reflects the Village's capital asset balances as of December 31, 2013 and 2012. Table 4 Capital Assets As of December 31,2013 and 2012 (in millions) Governmental Business-Type - Activities Activities Total 2013 2012 2013 2012 2013 2012 Land and Land Right of Way $ 33.0 $ 32.3 $ 8.3 $ 8.3 $ 41.3 $ 40.6 Buildings and Land Improvements 19.7 19.4 8.8 8.7 28.5 28.1 Machinery,Vehicles, and Equipment 9.4 9.3 5.9 5.8 15.3 15.1 Infrastructure 34.3 34.3 23.9 23.8 58.2 58.1 Construction in Progress 0.3 - - - 0.3 - 96.7 95.3 46.9 46.6 143.6 141.9 Less: Accumulated Depreciation (36.2) (34.9) (17.4) (16.5) (53.6) (51.4) Total $ 60.5 $ 60.4 $ 29.5 $ 30.1 $ 90.0 $ 90.5 At year-end, the Village's investment in capital assets(net of accumulated depreciation)for both its governmental and business-type activities was $90 million, a decrease of$0.5 million from 2012 (see Note 5 in the Notes to the Financial Statements for further information regarding capital assets). Major capital asset events during 2013 included the following: • Land was purchased in 2013 for $0.7 million. Building Improvements at Heritage Center, replacement of gun range in the police department and fuel tank replacement. Defibrillators were purchased for safety, telephone and computer upgrades were completed, leaf loader, brush chipper, public works pick-up truck, four police vehicles and a fire vehicle totaling $1.4 million that were purchased for use in governmental activities. • For business-type activities, there were water main improvements, data collectors for the water system, drainage improvements at the golf course, aerator and mower for golf course operations, and improvements to the Bath and Tennis Clubhouse totaling$0.3 million. Long-Term Debt As a non-home rule community, the Village's legal general obligation debt limit is 8.625 percent of equalized assessed valuation (EAV), or $117,890,946 based on January 1, 2012 EAV of $1,366,851,548. As of December 31, 2013, the Village has $1,080,000 of debt outstanding attributed to one installment contract that is applicable to the legal limit (see Note 7 in the Notes to the Financial Statements for details of each issue). The table below summarizes the Village's outstanding long-term debt: a (See independent auditor's report) MD&A 12 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) Table 5 Long-term Debt As of December 31,2013 Governmental Business-Type Activities Activities Total General Fund Certificates: Series 2009 (Refunding) $ 1,080,000 $ - $ 1,080,000 Note Payable 3,937,176 - 3,937,176 Total $ 5,017,176 $ - $ 5,017,176 The General Fund Certificates are general obligations of the Village but are not secured by a pledge of property taxes. The General Fund Certificates, Series 2009 (refunding) received a rating of Aa2 from Moody's Investor Service, Inc.. The Village's note payable is to the Tax Increment Financing (TIF) District developers for certain improvements in the TIF area located at the Promenade (22nd Street and Meyers Road). The TIF Note is not a general obligation to the Village and it expires in 2024. Repayment of the note is limited to the availability of pledged taxes. Economic Factors and Next Year's Budget Whereas real estate taxes are typically a major source of revenue in most other municipalities, the Village of Oak Brook does not levy a tax on real estate. In addition, since Oak Brook is a non-home rule community and is subject to the tax cap, this effectively limits the Village's real estate tax levy at $-0-. Thus, as compared to other municipalities, Oak Brook's revenue stream is much more dependent on the local and national economy since sales taxes, utility taxes, and state-shared revenues are the primary sources of income to the Village. During the current fiscal year, unassigned fund balance in the General Fund increased from $14.8 million to $15.9 million primarily due to an increase in cash and investments. The Village's intent is to hold some of this fund balance in reserves and plans to use $1.2 million in the 2014 fiscal year budget for capital improvements in the General Corporate and Sports Core Funds. The 2014 Budget continues to be a conservative financial plan while providing excellent services to its residents and business community. The 2014 budgeted revenues are $52.8 million, a 5.5% increase from the 2013 Budget. This is mostly due to an increase in sales tax revenues of 8.5% increase compared to the prior year's budget. The total spending in the 2014 Budget is $52.5 million, an increase of$5.5 million, or 11.7% from the 2013 Budget. This is mainly due to an increase in major capital improvements in the Infrastructure and Water Funds. (See independent auditor's report) MD&A 13 VILLAGE OF OAK BROOK, ILLINOIS MANAGEMENT'S DISCUSSION AND ANALYSIS (continued) — The projected ending cash balance for 2014 in the General Corporate Fund of$11.4 million is equal to 6.9 months of operating expenditures, which is above the six month reserve requirement. CONTACTING THE VILLAGE'S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, customers, investors and creditors with a general overview of the Village's finances and to demonstrate accountability for the money it — receives. Questions concerning this report or requests for additional financial information should be directed to Sharon A. Dangles, Finance Director/Treasurer, Village of Oak Brook, 1200 Oak Brook Road, Oak Brook, IL 60523. (See independent auditor's report) MD&A 14 VILLAGE OF OAK BROOK,ILLINOIS STATEMENT OF NET POSITION December 31,2013 Governmental Business-Type Activities Activities Total ASSETS Cash and investments $ 23,490,394 $ 3,884,368 $ 27,374,762 Receivables(net of allowances for uncollectibles) Sales taxes 5,296,725 - 5,296,725 Utility taxes 918,843 - 918,843 Accounts 426,899 - 426,899 Billed and unbilled water sales - 666,121 666,121 Allotments 19,726 - 19,726 -- Accrued interest 16,006 2,803 18,809 Other 509,473 118,067 627,540 Advances to(from)other funds 122,599 (122,599) - ,_ Internal balances (545,682) 545,682 - Inventories 60,370 178,652 239,022 Prepaid expenses 945,916 - 945,916 Capital assets Nondepreciable 33,293,936 8,361,493 41,655,429 Depreciable,net of accumulated depreciation 27,124,654 21,245,293 48,369,947 Total assets 91,679,859 34,879,880 126,559,739 LIABILITIES Accounts payable 969,107 397,549 1,366,656 Accrued payroll 520,436 45,151 565,587 Accrued interest 137,216 - 137,216 Claims payable 159,226 - 159,226 Deposits 774,449 62,222 836,671 Unearned revenue 104,154 21,474 125,628 Long-term liabilities ._ Due within one year 1,273,142 101,865 1,375,007 Due in more than one year 5,419,191 - 5,419,191 Total liabilities 9,356,921 628,261 9,985,182 NET POSITION Net investment in capital assets 59,338,590 29,606,786 88,945,376 Restricted for Infrastructure 5,152,351 - 5,152,351 Maintenance of roadways 928,451 - 928,451 _ Public safety 267,581 - 267,581 Culture and recreation 3,078,234 - 3,078,234 Economic development 285,862 - 285,862 Unrestricted 13,271,869 4,644,833 17,916,702 TOTAL NET POSITION $ 82,322,938 $ 34,251,619 $ 116,574,557 See accompanying notes to financial statements. -4 - VILLAGE OF OAK BROOK,ILLINOIS STATEMENT OF ACTIVITIES For the Year Ended December 31,2013 Program Revenues FUNCTIONS/PROGRAMS Charges Operating Capital _ PRIMARY GOVERNMENT Expenses for Services Grants Grants Governmental Activities General government $ 4,299,498 $ 2,127,593 $ 129,642 $ - Public safety 13,671,055 1,085,442 - - Public works 4,841,775 14,727 230,669 510,380 Culture and recreation 1,824,155 9,440 - - Interest 358,618 - - - Total governmental activities 24,995,101 3,237,202 360,311 510,380 Business-Type Activities Waterworks System 6,285,576 6,897,626 3,991 - Sports Core 3,364,232 3,216,329 - - -- Total business-type activities 9,649,808 10,113,955 3,991 - TOTAL PRIMARY GOVERNMENT $ 34,644,909 $ 13,351,157 $ 364,302 $ 510,380 - 5 - Net(Expense)Revenue and Change in Net Position Primary Government Governmental Business-Type Activities Activities Total $ (2,042,263) $ - $ (2,042,263) (12,585,613) - (12,585,613) (4,085,999) - (4,085,999) (1,814,715) - (1,814,715) (358,618) - (358,618) (20,887,208) - (20,887,208) " - 616,041 616,041 (147,903) (147,903) 468,138 468,138 (20,887,208) 468,138 (20,419,070) General Revenues Taxes Property 344,233 - 344,233 Replacement 290,032 - 290,032 Sales, local use 17,251,616 - 17,251,616 Utility 5,047,306 - 5,047,306 Hotel/motel 964,684 - 964,684 Other 80,126 - 80,126 Intergovernmental 751,095 - 751,095 Investment income 86,287 10,357 96,644 Miscellaneous 20,025 - 20,025 Transfers (210,324) 210,324 - Total 24,625,080 220,681 24,845,761 CHANGE IN NET POSITION 3,737,872 688,819 4,426,691 NET POSITION,JANUARY 1 80,947,066 31,200,800 112,147,866 Prior Period Adjustment (2,362,000) 2,362,000 - NET POSITION,JANUARY 1,RESTATED 78,585,066 33,562,800 112,147,866 NET POSITION,DECEMBER 31 $ 82,322,938 $ 34,251,619 $ 116,574,557 See accompanying notes to financial statements. — - 6 - VILLAGE OF OAK BROOK,ILLINOIS GOVERNMENTALFUNDS BALANCESHEET December 31,2013 Nonmajor Hotel/Motel Governmental Total General Tax Infrastructure Funds Governmental ASSETS Cash and investments $ 12,635,619 $ 3,262,653 $ 3,598,008 $ 1,395,804 $ 20,892,084 Receivables Sales taxes 3,657,435 - 1,639,290 - 5,296,725 Utility taxes 918,843 - - 918,843 Accounts 426,220 679 - 426,899 Allotments - - - 19,726 19,726 Accrued interest 12,933 458 239 141 13,771 Other 189,151 86,813 137,028 66,223 479,215 Advances to other funds 122,599 - - - 122,599 Prepaid expenses 45,417 - - - 45,417 �. TOTAL ASSETS $ 18,008,217 $ 3,349,924 $ 5,375,244 $ 1,481,894 $ 28,215,279 LIABILITIES AND FUND BALANCES LIABILITIES Accounts payable $ 326,074 $ 267,165 $ 171,474 $ - $ 764,713 Accrued payroll 454,564 - 51,419 - 505,983 Deposits payable 774,449 - - - 774,449 Unearned revenue 54,729 4,525 - - 59,254 Total liabilities 1,609,816 271,690 222,893 - 2,104,399 FUND BALANCES Nonspendable Advances 122,599 - - - 122,599 Prepaid expenses 45,417 - - - 45,417 Restricted Infrastructure - 5,152,351 - 5,152,351 Highways and streets - - 928,451 928,451 Public safety - - - 267,581 267,581 Culture and recreation - 3,078,234 - - 3,078,234 Economic development - - - 285,862 285,862 Unrestricted Committed Employee retirement contributions 224,878 - - - 224,878 Assigned DuComm 102,525 - - 102,525 Unassigned General Fund 15,902,982 - - - 15,902,982 Total fund balances 16,398,401 3,078,234 5,152,351 1,481,894 26,110,880 TOTAL LIABILITIES AND FUND BALANCES $ 18,008,217 $ 3,349,924 $ 5,375,244 $ 1,481,894 $ 28,215,279 See accompanying notes to financial statements. - 7 - VILLAGE OF OAK BROOK,ILLINOIS RECONCILIATION OF FUND BALANCES OF GOVERNMENTAL FUNDS TO THE GOVERNMENTAL ACTIVITIES IN THE STATEMENT OF NET POSITION December 31, 2013 FUND BALANCES OF GOVERNMENTAL FUNDS $ 26,110,880 Amounts reported for governmental activities in the statement of net position are different because: -- Capital assets used in governmental activities, excluding the internal service fund capital assets below, are not financial resources and,therefore, are not reported in the governmental funds 58,062,902 Interest payable is not due and payable in the current period and, therefore, is not reported in the governmental funds (137,216) Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the governmental funds Installment contracts payable (1,080,000) Notes payable (3,937,176) Compensated absences payable (1,000,073) Net pension obligation (490,570) Net other postemployment benefit obligation (171,445) A portion of the net position of the internal service funds are included in the governmental activities in the statement of net position Capital assets 2,355,688 Other net position 2,609,948 NET POSITION OF GOVERNMENTAL ACTIVITIES $ 82,322,938 See accompanying notes to financial statements. - 8 - VILLAGE OF OAK BROOK,ILLINOIS GOVERNMENTAL FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES For the Year Ended December 31,2013 Nonmajor Total Hotel/Motel Governmental Governmental _ General Tax Infrastructure Funds Funds REVENUES Intergovernmental $ 13,032,334 $ 68,679 $ 10,380 $ 804,857 $ 13,916,250 Non-home rule sales tax - - 5,171,232 - 5,171,232 Utility taxes 5,047,306 - - - 5,047,306 Hotel/motel taxes - 964,684 - - 964,684 Licenses and permits 1,686,269 - - - 1,686,269 - Charges for services 1,021,858 - - - 1,021,858 Fines and penalties 184,959 - - - 184,959 Investment income 61,136 9,121 13,645 2,385 86,287 Miscellaneous 355,075 2,925 4,938 1,514 364,452 Total revenues 21,388,937 1,045,409 5,200,195 808,756 28,443,297 EXPENDITURES Current General government 4,285,385 - - 4,130 4,289,515 Public safety 13,408,744 - - 32,054 13,440,798 Public works 515,171 - 3,942,534 - 4,457,705 Culture and recreation 941,866 742,410 - - 1,684,276 Debt service Principal 255,000 - 1,503,954 117,800 1,876,754 Interest and fiscal charges 40,003 - - 322,126 362,129 Total expenditures 19,446,169 742,410 5,446,488 476,110 26,111,177 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 1,942,768 302,999 (246,293) 332,646 2,332,120 OTHER FINANCING SOURCES(USES) Transfers(out) (725,324) - - - (725,324) Total other financing sources(uses) (725,324) - - (725,324) _ NET CHANGE IN FUND BALANCES 1,217,444 302,999 (246,293) 332,646 1,606,796 FUND BALANCES,JANUARY 1 17,542,957 2,775,235 5,398,644 1,149,248 26,866,084 Prior period adjustment (2,362,000) - - - (2,362,000) FUND BALANCES,JANUARY 1,RESTATED 15,180,957 2,775,235 5,398,644 1,149,248 24,504,084 FUND BALANCES,DECEMBER 31 $ 16,398,401 $ 3,078,234 $ 5,152,351 $ 1,481,894 $ 26,110,880 See accompanying notes to financial statements. - 9 - VILLAGE OF OAK BROOK,ILLINOIS _ RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES TO THE GOVERNMENTAL ACTIVITIES IN THE STATEMENT OF ACTIVITIES For the Year Ended December 31, 2013 _ NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS $ 1,606,796 Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures; however, they are capitalized and depreciated in the statement of activities 1,523,905 The repayment of long-term debt is reported as an _ expenditure when due in governmental funds but as a reduction of principal outstanding in the statement of activities 1,876,754 Some expenses in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds Depreciation, including internal service funds (1,789,666) Change in compensated absences (2,679) Change in interest payable 3,511 Change in net pension obligation (131,724) Change in net postemployment benefits obligation (46,087) The change in net position of certain activities of internal service funds, excluding depreciation, is included in governmental activities 697,062 CHANGES IN NET POSITION OF GOVERNMENTAL ACTIVITIES $ 3,737,872 See accompanying notes to financial statements. - 10 - VILLAGE OF OAK BROOK,ILLINOIS PROPRIETARY FUNDS STATEMENT OF NET POSITION December 31,2013 Business-Type Activities Waterworks Internal System Sports Core Total Service CURRENT ASSETS Cash and investments $ 3,545,500 $ 338,868 $ 3,884,368 $ 2,598,310 Receivables Billed and unbilled water sales 666,121 - 666,121 - Accrued interest 2,800 3 2,803 2,235 Other 21 118,046 118,067 30,258 Inventories - 178,652 178,652 60,370 _ Prepaid expenses - - - 900,499 Total current assets 4,214,442 635,569 4,850,011 3,591,672 CAPITAL ASSETS Nondepreciable 261,479 8,100,014 8,361,493 - Depreciable,net of accumulated depreciation 17,149,492 4,095,801 21,245,293 2,355,688 Total capital assets 17,410,971 12,195,815 29,606,786 2,355,688 Total assets 21,625,413 12,831,384 34,456,797 5,947,360 CURRENT LIABILITIES Accounts payable 363,124 34,425 397,549 204,394 Accrued payroll 26,958 18,193 45,151 14,453 Compensated absences payable 44,883 56,982 101,865 13,069 Deposits 925 61,297 62,222 - Unearned revenue - 21,474 21,474 44,900 Claims payable - - - 159,226 Total current liabilities 435,890 192,371 628,261 436,042 LONG-TERM LIABILITIES Advances from other funds - 122,599 122,599 Total long-term liabilities - 122,599 122,599 - Total liabilities 435,890 314,970 750,860 436,042 NET POSITION Net investment in capital assets 17,410,971 12,195,815 29,606,786 2,355,688 Unrestricted 3,778,552 320,599 4,099,151 3,155,630 TOTAL NET POSITION $ 21,189,523 $ 12,516,414 33,705,937 $ 5,511,318 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds 545,682 TOTAL NET POSITION OF BUSINESS-TYPE ACTIVITIES $ 34,251,619 .� See accompanying notes to financial statements. - 11 - VILLAGE OF OAK BROOK,ILLINOIS PROPRIETARY FUNDS STATEMENT OF REVENUES,EXPENSES AND CHANGES IN NET POSITION For the Year Ended December 31,2013 Business-Type Activities Waterworks Internal System Sports Core Total Service OPERATING REVENUES Charges for services $ 6,846,804 $ 3,216,329 $ 10,063,133 $ 3,783,155 Total operating revenues 6,846,804 3,216,329 10,063,133 3,783,155 OPERATING EXPENSES Operations 5,684,313 3,079,281 8,763,594 736,130 Claims and insurance - - - 2,819,536 Miscellaneous - - - 10,910 Depreciation and amortization 564,351 282,193 846,544 418,500 _ Total operating expenses 6,248,664 3,361,474 9,610,138 3,985,076 OPERATING INCOME(LOSS) 598,140 (145,145) 452,995 (201,921) NON-OPERATING REVENUES(EXPENSES) Investment income 9,300 1,057 10,357 10,869 Grants 358 3,633 3,991 - Gain(loss)on sale of capital assets (1,637) - (1,637) (29,839) Interest expense - (2,758) (2,758) - Total non-operating revenues(expenses) 8,021 1,932 9,953 (18,970) INCOME(LOSS)BEFORE TRANSFERS 606,161 (143,213) 462,948 (220,891) TRANSFERS Transfers in - 210,324 210,324 515,000 Total transfers - 210,324 210,324 515,000 CHANGE IN NET POSITION 606,161 67,111 673,272 294,109 NET POSITION,JANUARY 1 20,583,362 10,087,303 5,217,209 Prior period adjustment - 2,362,000 - NET POSITION,JANUARY 1,RESTATED 20,583,362 12,449,303 5,217,209 NET POSITION,DECEMBER 31 $ 21,189,523 $ 12,516,414 $ 5,511,318 Adjustment to reflect the consolidation -" of internal service fund activities related to enterprise funds 15,547 CHANGE IN NET POSITION OF BUSINESS-TYPE ACTIVITIES $ 688,819 See accompanying notes to financial statements. - 12 - VILLAGE OF OAK BROOK,ILLINOIS PROPRIETARY FUNDS STATEMENT OF CASH FLOWS For the Year Ended December 31,2013 Business-Type Activities Waterworks Internal System Sports Core Total Service CASH FLOWS FROM OPERATING ACTIVITIES Receipts from internal services transactions $ - $ - $ - $ 2,908,147 _ Receipts from customers and users 6,741,176 3,168,182 9,909,358 904,729 Payments to suppliers (4,930,123) (1,608,691) (6,538,814) (4,564,220) Payments to employees (754,877) (1,490,640) (2,245,517) (227,854) Net cash from operating activities 1,056,176 68,851 1,125,027 (979,198) CASH FLOWS FROM NONCAPITAL _ FINANCING ACTIVITIES Repayment of interfund loan - (61,299) (61,299) - Receipt of grant proceeds 358 3,633 3,991 - Transfers in - 210,324 210,324 515,000 Net cash from noncapital financing activities 358 152,658 153,016 515,000 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets (243,651) (66,029) (309,680) (2,097,523) Proceeds from sale of capital assets - - - (29,839) Principal paid on installment contract payable (168,837) - (168,837) - Interest paid - (2,758) (2,758) - Net cash from capital and related financing activities (412,488) (68,787) (481,275) (2,127,362) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of investments (674,064) (122,460) (796,524) - Sale of investments - - - 131,416 Interest received 14,904 1,066 15,970 15,342 Net cash from investing activities (659,160) (121,394) (780,554) 146,758 NET INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS (15,114) 31,328 16,214 (2,444,802) CASH AND CASH EQUIVALENTS, JANUARY 1 1,389,672 46,495 1,436,167 3,338,878 CASH AND CASH EQUIVALENTS, _ DECEMBER 31 $ 1,374,558 $ 77,823 $ 1,452,381 $ 894,076 (This statement is continued on the following page.) - 13 - VILLAGE OF OAK BROOK,ILLINOIS PROPRIETARY FUNDS STATEMENT OF CASH FLOWS(Continued) For the Year Ended December 31,2013 Business-Type Activities Waterworks Internal System Sports Core Total Service CASH AND INVESTMENTS Cash and cash equivalents $ 1,374,558 $ 77,823 $ 1,452,381 $ 894,076 Investments 2,170,942 261,045 2,431,987 1,704,234 TOTAL CASH AND INVESTMENTS $ 3,545,500 $ 338,868 $ 3,884,368 $ 2,598,310 NONCASH TRANSACTIONS '— Forgiveness of loan $ - $ 2,362,000 $ 2,362,000 $ - TOTAL NONCASH TRANSACTIONS $ - $ 2,362,000 $ 2,362,000 $ - RECONCILIATION OF OPERATING INCOME(LOSS) (LOSS)TO NET CASH FLOWS FROM OPERATING ACTIVITES Operating income(loss) $ 598,140 $ (145,145) $ 452,995 $ (201,921) Depreciation and amortization 564,351 282,193 846,544 418,500 Adjustments to reconcile operating income(loss) to net cash from operating activities Changes in assets and liabilities Accounts receivable (112,756) - (112,756) 23,572 Other receivable 7,128 (14,145) (7,017) - Prepaid expenses - - - (882,333) Inventories - (40,258) (40,258) (11,861) Accounts payable - 5,031 5,031 (315,612) _ Accrued payroll and compensated absences (1,612) 15,177 13,565 6,237 Deposits payable 925 (31,051) (30,126) - Unearned revenue - (2,951) (2,951) 1,964 Claims payable - - - (17,744) NET CASH FROM OPERATING ACTIVITIES $ 1,056,176 $ 68,851 $ 1,125,027 $ (979,198) See accompanying notes to financial statements. - 14 - VILLAGE OF OAK BROOK, ILLINOIS STATEMENT OF FIDUCIARY NET POSITION December 31, 2013 ASSETS Cash $ 55,708 — Investments Illinois Funds 27,990 Money market mutual funds 4,609,617 — U.S. Treasury securities 1,387,358 U.S. agency securities 9,291,311 _ State and local obligations 2,255,286 Corporate bonds 7,041,363 Mutual funds 32,203,993 — Equities 12,255 Accrued interest receivable 192,629 Prepaid expenses 3,967 Total assets 57,081,477 LIABILITIES Accounts payable 17,159 _ Total liabilities 17,159 NET POSITION HELD IN TRUST FOR PENSION BENEFITS $ 57,064,318 See accompanying notes to financial statements. - 15 - VILLAGE OF OAK BROOK, ILLINOIS STATEMENT OF CHANGES IN FIDUCIARY NET POSITION For the Year Ended December 31, 2013 ADDITIONS Contributions Employer $ 2,228,618 Employee 609,750 Other 24 Total contributions 2,838,392 Investment income Net appreciation in fair value of investments 3,391,041 Interest 2,043,651 Total investment income 5,434,692 Less investment expense (142,266) Net investment income 5,292,426 Total additions 8,130,818 DEDUCTIONS Benefits and refunds 4,134,593 Administrative 86,302 Total deductions 4,220,895 NET INCREASE 3,909,923 NET POSITION HELD IN TRUST FOR PENSION BENEFITS January 1 53,154,395 December 31 $ 57,064,318 See accompanying notes to financial statements. - 16 - (This page is intentionally left blank.) VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS December 31, 2013 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the Village of Oak Brook, Illinois (the Village) have been prepared in conformity with accounting principles generally accepted in the United States of America (hereinafter referred to as generally accepted accounting principles (GAAP)), as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the Village's accounting policies are described below. a. Reporting Entity The Village operates under a village form of government with an elected Village President and Board of Trustees. Operational management is provided by a professional Village Manager employed by the Board of Trustees. Municipal services include police protection, fire protection, recreation facilities, a free public library, water supply, storm water collection, public works operations, road maintenance, building and inspectional services and general administrative services. As required by generally accepted accounting principles, these financial statements present the Village (the primary government). There are no component units. The Village's financial statements include the following pension trust funds: Police Pension Employees Retirement System The Village's police employees participate in the Police Pension Employees Retirement System (PPERS). PPERS functions for the benefit of these employees and is governed by its pension board. The Village and PPERS participants are —' obligated to fund all PPERS costs based upon actuarial valuations. The State of Illinois is authorized to establish benefit levels and the Village is authorized to approve the actuarial assumptions used in the determination of contribution levels. Although it possesses many of the characteristics of a legally separate government, PPERS is reported as if it were part of the primary government because its sole purpose is to finance and administer the pensions of the Village's police employees and because of the fiduciary nature of such activities. PPERS is reported as a pension trust fund. - 17 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) a. Reporting Entity (Continued) Firefighters' Pension Employees Retirement System — The Village's firefighters participate in the Firefighters' Pension Employees Retirement System (FPERS). FPERS functions for the benefit of these employees and is governed by its pension board. The Village and FPERS participants are obligated to fund all FPERS costs based upon actuarial valuations. The State of Illinois is authorized to establish benefit levels and the Village is authorized to approve the actuarial assumptions used in the determination of contribution levels. Although it possesses many of the characteristics of a legally — separate government, FPERS is reported as if it were part of the primary government because its sole purpose is to finance and administer the pensions of the Village's firefighters and because of the fiduciary nature of such activities. FPERS is reported as a pension trust fund. b. Fund Accounting The Village uses funds to report on its financial position, changes in its financial _ position and cash flows. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. — A fund is a separate accounting entity with a self-balancing set of accounts. The minimum number of funds is maintained consistent with legal and managerial — requirements. Funds are classified into the following categories: governmental, proprietary and fiduciary. Governmental funds are used to account for all or most of a government's general activities. Special revenue funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects. Capital project funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays, including the acquisition or construction of capital — facilities and other capital assets. Debt service funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure _ for principal and interest. The General Fund is used to account for and report all financial resources not accounted for and reported in another fund. - 18 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) b. Fund Accounting (Continued) Proprietary funds are used to account for activities similar to those found in the private sector,where the determination of net income is necessary or useful for sound financial administration. Goods or services from such activities can be provided either to outside parties (enterprise funds) or to other departments or agencies primarily within the government (internal service funds). Fiduciary funds are used to account for assets held on behalf of outside parties, including other governments, or on behalf of other funds within the government. The Village utilizes pension trust funds which are generally used to account for assets that the Village holds in a fiduciary capacity. C. Government-Wide and Fund Financial Statements The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the Village. The effect of material interfund activity has been eliminated from these statements. Interfund services provided and used are not eliminated on these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses of a given function, segment or program are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include (1) charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment, and (2) grants and standard revenues that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly '- included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. The Village reports the following major governmental funds: The General Fund is the Village's primary operating fund. It accounts for all financial resources of the general government, except those accounted for in another fund. - 19 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Government-Wide and Fund Financial Statements (Continued) The Hotel/Motel Tax Fund, a special revenue fund, is used to account for local _ hotel/motel tax receipts restricted for promoting tourism and conventions in the Village. The Infrastructure Fund, a capital projects fund, is used to account for revenues restricted for and expenditures relative to the construction and maintenance of roadway,drainage and bike trail improvements. — The Village reports the following major enterprise funds: The Waterworks System Fund accounts for the revenues and expenses relative to the operation of the water utility. The Sports Core Fund accounts for the revenues and expenses relative to the operation of the Oak Brook Sports Core. Additionally,the Village reports the following internal service funds: Internal Service Funds account for the Village's self-insured employee health and _ dental insurance program; the operation and maintenance of the Village's vehicle fleet equipment, and the Village's capital replacement program provided to other _ departments or agencies of the Village on a cost reimbursement basis. The Village reports the following fiduciary funds: _ The Village reports pension trust funds as fiduciary funds to account for the Police Pension Fund and Firefighters' Pension Fund. d. Measurement Focus,Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting,as are the proprietary funds and fiduciary funds fund financial statements. Revenues and additions are recorded when earned and expenses and deductions are recorded when a liability is incurred. Grants and similar items are recognized as revenue as soon as all eligibility requirements _ imposed by the provider have been met. Operating revenues/expenses include all revenues/expenses directly related to providing enterprise fund services. Incidental revenues/expenses are reported as nonoperating. - 20 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) d. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. The Village considers revenues to be available if they are collected within 60 days of the end of the current fiscal period, except for sales taxes and telecommunication taxes which use a 90-day period and income taxes a 120-day period. Expenditures generally are recorded when a fund liability is incurred. However, debt service expenditures are recorded only when payment is due by the end of the year. Those revenues susceptible to accrual are sales taxes, certain taxes collected and held by the State at year end on behalf of the Village, certain charges for services and interest. Permit revenues are not susceptible to accrual because generally they are not measurable until received in cash. The Village reports unavailable revenue on its financial statements as a deferred inflow of resources. Unavailable revenues arise when a potential revenue does not meet both the measurable and available criteria for recognition in the current period. Unearned revenues arise when resources are received by the Village before it has a legal claim to them, as when grant monies are received prior to the incurrence of — qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met or when the Village has a legal claim to the resources, the deferred inflow for unavailable revenue or liability for unearned revenue is removed from the financial statements and revenue is recognized. There were no deferred inflows for unavailable revenues at December 31, 2013. -" In applying the susceptible to accrual concept to intergovernmental revenues (i.e., federal and state grants), the legal and contractual requirements of the numerous individual programs are used as guidance. There are, however, essentially two types of these revenues. In one, monies must be expended on the specific purpose or project before any amounts will be paid to the Village; therefore, revenues are recognized based upon the expenditures/expenses incurred. In the other, monies are virtually unrestricted as to purpose of expenditure/expense and are generally revocable only for failure to comply with prescribed eligibility requirements. These resources are reflected as revenues at the time of receipt or earlier if they meet the eligibility criterion. - 21 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) e. Cash and Investments Cash and Cash Equivalents — For purposes of the statement of cash flows, the Village's proprietary funds consider all highly liquid investments with an original maturity of three months or less when — purchased to be cash equivalents. Investments — In accordance with Governmental Accounting Standards Board Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools, nonnegotiable certificates of deposit and investments with maturity of less than one year at date of purchase, if any, are stated at amortized cost. All other investments are stated at fair value. Fair value is based on quoted market prices for — the same or similar investments. All investments of the pension trust funds are stated at fair value. £ Inventories Inventories are valued at average cost, not in excess of replacement cost. Inventories in the General Fund and Garage Fund consist of expendable supplies held for consumption; inventories in the Sports Core Fund consist of inventory held for resale. The cost is recorded as an expenditure at the time individual inventory items are utilized or sold. General Fund inventories are equally offset by nonspendable fund balance which indicates that they do not constitute "available spendable — resources" even though they are a component of net current assets. g. Prepaid Items/Expenses — Payments made to vendors for services that will benefit periods beyond the date of this report are recorded as prepaid items/expenses in both the government-wide and fund financial statements. The cost of prepaid items/expenses is recorded as expenditures/expenses when consumed rather than when purchased. h. Capital Assets Capital assets, which include property, plant, equipment and infrastructure assets (e.g., roads, bridges, sidewalks and similar items), are reported in the applicable governmental or business-type activities columns in the government-wide financial — statements. Capital assets are defined by the Village as assets with an initial, individual cost of$5,000 or more and an estimated useful life in excess of one year. - 22 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) h. Capital Assets (Continued) Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the _ date of donation. Infrastructure acquired prior to the implementation of GASB Statement No. 34 is reported on the financial statements. The costs of normal maintenance and repairs, including street overlays that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest incurred during the construction phase of capital assets of business-type activities is included as part of the capitalized value of the assets _ constructed. Property, plant and equipment is depreciated using the straight-line method over the following estimated useful lives: Assets Years Land improvements 20 _ Buildings and building improvements 5 - 50 Equipment 5 -20 Vehicles 2 -20 Infrastructure 20 - 75 i. Compensated Absences Vested or accumulated vacation, sick or compensatory leave including related social security and medicare of proprietary funds and governmental activities is recorded as an expense and liability of those funds as the benefits accrue to employees. In accordance with the provisions of GASB Statement No. 16, Accounting for Compensated Absences, no liability is recorded for nonvesting accumulating rights to _ receive sick pay benefits. However, a liability is recognized for that portion of accumulating sick leave benefits that it is estimated will be taken as a termination benefit at retirement. j. Interfund Transactions Interfund services are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. All other interfund transactions, except interfund services transactions and reimbursements, are reported as transfers. - 23 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) k. Interfund Receivables/Payables Activity between funds that are representative of lending/borrowing arrangements _ outstanding at the end of the fiscal year are referred to as either "due to/from other funds" (i.e., the current portion of interf ind loans) or "advances to/from other funds" (i.e.,the noncurrent portion of interfund loans). All other outstanding balances between funds are reported as"due to/from other funds." Advances between funds, as reported in the fund financial statements, are offset by — nonspendable fund balance in applicable governmental funds to indicate that they are not available for appropriation and are not expendable available financial resources. 1. Long-Term Obligations In the government-wide financial statements and proprietary funds in the fund financial — statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund financial statements. Bond premiums and discounts are deferred and amortized over the — life of the bonds. Bonds payable are reported net of the applicable bond premium or discount. In the fund financial statements, governmental funds recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as expenditures. — M. Fund Balance/Net Position In the fund financial statements, governmental funds report nonspendable fund balance for amounts that are either not in spendable form or legally or contractually required to be maintained intact. Restrictions of fund balance are reported for amounts constrained by legal restrictions from outside parties for use for a specific purpose or externally imposed by outside entities.None of the restricted fund balance _ result from enabling legislation adopted by the Village. Committed fund balance is constrained by formal actions of the Village's Board, which is considered the Village's highest level of decision making authority. Formal actions include — ordinances approved by the Board. Assigned fund balance represents amounts constrained by the Village's intent to use them for a specific purpose. The authority to assign fund balance has been delegated to the Village's finance director through _ the approved fund balance policy of the Village. Any residual fund balance of the General Fund is reported as unassigned. - 24 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) m. Fund Balance/Net Position(Continued) The Village's flow of funds assumption prescribes that the funds with the highest level of constraint are expended first. If restricted or unrestricted funds are available for spending, the restricted funds are spent first. Additionally, if different levels of unrestricted funds are available for spending the Village considers committed funds to be expended first followed by assigned and then unassigned funds. The Village has established fund balance policies for their governmental funds. It is the policy of the Village that every effort be made to maintain the greater of. (a) an uncommitted cash balance equal to six months of budgeted operating expenditures for the forthcoming fiscal year, exclusive of budgeted capital projects and one time significant items. In the government-wide financial statements, restricted net position is legally restricted by outside parties for a specific purpose. Net investment in capital assets, represents the Village's investment in the book value of capital assets, less any outstanding debt that was issued to construct or acquire the capital asset. n. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, deferred outflows, liabilities and deferred inflows and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates. 2. DEPOSITS AND INVESTMENTS The Village maintains a cash and investment pool that is available for use by all funds, except the pension trust funds and the Foreign Fire Insurance Tax Fund. Separately held cash and investments for the Foreign Fire Insurance Tax Fund as well as each fund's portion of this pool is included on the statement of net position as "cash and investments." The deposits and investments of the pension trust funds are held separately from those of other funds. -25 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) — 2. DEPOSITS AND INVESTMENTS (Continued) Permitted Deposits and Investments - The Village's investment policy allows for deposits/investments in insured commercial banks, savings and loan institutions, obligations of the U.S. Treasury and U.S. agencies, insured credit union shares, money market mutual _ funds with portfolios of securities issued or guaranteed by the United States or agreement to repurchase these same obligations,repurchase agreements, short-term commercial paper rated within the three highest classifications by at least two standard rating services, corporate _ bonds, Illinois Funds (created by the Illinois State Legislature under the control of the State Comptroller that maintains a $1 per share value which is equal to the participants fair value) and the Illinois Metropolitan Investment Fund (IMET), a not-for-profit investment _ trust formed pursuant to the Illinois Municipal Code and managed by a Board of Trustees elected from the participating members. IMET is not registered with the SEC as an investment company. Investments in IMET are valued at IMET's share price, the price for _ which the investment could be sold. The Police Pension Fund and Firefighters' Pension Fund may also invest in certain non-U.S. obligations, Illinois municipal corporations tax anticipation warrants, veteran's loans, obligations of the State of Illinois and its political _ subdivisions, corporate bonds, insurance company general and separate accounts, mutual funds and equity securities. J a. Deposits It is the policy of the Village to invest its funds in a manner which will provide the ` highest investment return with the maximum security while meeting the daily cash flow demands of the Village and conforming to all state and local statutes governing the investment of public funds, using the "prudent person" standard for managing the _ overall portfolio. The primary objective of the policy is legality, safety (preservation of capital and protection of investment principal), liquidity and yield. Village Deposits with Financial Institutions Custodial credit risk for deposits with financial institutions is the risk that in the event of a bank's failure, the Village's deposits may not be returned to it. The Village's investment policy requires pledging of collateral with a fair value of 110% of all bank balances in excess of federal depository insurance with the collateral held by an agent of the Village in the Village's name. Police and Firefighters' Pension Funds Deposits with Financial Institutions Custodial credit risk for deposits with financial institutions is the risk that in the event of a bank's failure, the Police and Firefighters' Pension Funds' deposits may not be returned to them. The Police and Firefighters' Pension Funds' investment policies require pledging of collateral with a fair value of 110% of all bank balances in excess of federal depository insurance with the collateral held by an agent of the Police and Firefighters' Pension Funds in the Police and Firefighters' Pension Funds' name. - 26 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 2. DEPOSITS AND INVESTMENTS (Continued) b. Investments As of December 31, 2013, the Village had the following investments and maturities in debt securities. Investment Maturities(in Years) Fair Less More Value Than 1 1-5 6-10 Than 10 IMET $ 10,006,495 $ - $ 10,006,495 $ - $ - State and local obligations 3,943,905 1,778,220 2,165,685 - - Corporate bonds 1,506,529 1,506,529 - - - TOTAL $ 15,456,929 $ 3,284,749 $ 12,172,180 $ - $ - As of December 31, 2013, the Police Pension Fund had the following investments and maturities in debt securities. Investment Maturities(in Years) Fair Less More Value Than 1 1-5 6-10 Than 10 U.S.agencies $ 4,897,749 $ 314,265 $ 3,311,328 $ 1,272,156 $ - U.S.Treasuries 1,002,810 251,240 751,570 - - State and local obligations 1,152,858 - 840,061 102,292 210,505 '— Corporate bonds 3,957,074 3,957,074 - - - TOTAL $ 11,010,491 $ 4,522,579 $ 4,902,959 $ 1,374,448 $ 210,505 As of December 31, 2013, the Firefighters' Pension Fund had the following investments and maturities in debt securities. Investment Maturities(in Years) Fair Less More Value Than 1 1-5 6-10 Than 10 U.S.agencies $ 4,393,562 $ 628,170 $ 3,298,592 $ 466,800 $ - _ U.S.Treasuries 384,548 - 384,548 - - State and local obligations 1,102,428 100,000 515,724 276,199 210,505 Corporate bonds 3,084,289 715,636 2,221,443 147,210 - TOTAL $ 8,964,827 $ 1,443,806 $ 6,420,307 $ 890,209 $ 210,505 - 27 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) — 2. DEPOSITS AND INVESTMENTS (Continued) b. Investments(Continued) GASB Statement No. 40 - Operating Funds In accordance with its investment policy, the Village limits its exposure to interest rate risk by structuring the portfolio to remain sufficiently liquid to enable the _ Village to meet all operating requirements which may be reasonably anticipated in any Village fund. Maturities of investments in all funds covered by this policy shall not exceed five years, unless a temporary extension of maturities is approved by the _ Board of Trustees. The Village limits its exposure to credit risk, which is the risk that the issuer of a _ debt security will not pay its par value upon maturity. This is done primarily by investing in securities issued by the United States Government, securities issued by agencies of the United States Government, which are implicitly guaranteed by the _ United States Government, or corporate bonds rated within the three highest classifications by at least two standard rating services. Investments in corporate bonds are rated Aaa. Investments in state and local obligations are rated AAA. Illinois Funds and IMET are both AAA rated funds. In order to limit the exposure to concentration of credit risk,the Village's investment policy limits investments in any _ one financial institution to 25%, exclusive of securities guaranteed by the full faith and credit of the United States Government or obligations of agencies of the United States Government. _ At December 31, 2013, the Village had greater than 5% of its overall portfolio invested in Illinois Funds (30.04%), IMET (36.84%), State and Local obligations _ (14.52%) and CDs (13.05%). The investment policy does not include any limitations as to how much the Village may hold in these types of securities. The Village limits its exposure to custodial credit risk by utilizing an independent, third party institution, selected by the Village, to act as custodian for its securities and collateral. For an investment, custodial risk is the risk that, in the event of the _ failure of the counterparty, the Village will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. GASB Statement No. 40 -Police Pension Fund State statutes as well as the investment policy of the Police Pension Fund provide that the fund may invest up to 45% of the investment portfolio in equity mutual funds and the remaining 55% of the portfolio in fixed income securities. The Police Pension Fund has hired independent investment managers, to advise and to manage _ both the fixed income and equity mutual fund portfolios. - 28 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 2. DEPOSITS AND INVESTMENTS (Continued) b. Investments(Continued) GASB Statement No. 40 -Police Pension Fund (Continued) -- The Police Pension Fund strives to limit its exposure to credit risk, which is the risk that the issuer of a debt security will not pay the par value upon maturity. This is controlled by primarily investing in securities issued by the United States Government, securities issued by agencies of the United States Government that carry an implicit guarantee, high quality state or local obligations or corporate bonds rated within the three highest classifications by at least two standard rating services. United States Government and agency securities are considered to be AAA rated and are generally considered free of credit risk due to the stability of the United States Government. Investments in state and local obligations are considered to be AAA rated. Investments in corporate bonds are rated A-to A. _ At December 31, 2013, the Police Pension Fund had greater than 5% of its fixed income portfolio invested in obligations of the Federal Home Bank (7.75%). The investment policy does not include any limitations on how much U.S. Treasury or agency securities can be held in the portfolio. The Police Pension Fund invests up to 45% of its investments in equity mutual — funds. The Police Pension Fund's investment policy defines the strategy in which the Police Pension Board follows for the equity investments. The Police Pension Fund diversifies its equity holdings by owning several different mutual funds allocated among the following asset classes subject to the percentage limitations indicated: Minimum Maximum Allocation Allocation U.S. Large Cap Stocks 10% 40% U.S. Mid Cap Stocks 0% 15% U.S. Small Cap Stocks 0% 25% Foreign Securities 0% 20% Alternative Investments (such as real estate mutual funds) 0% 40% The Police Pension Fund limits its exposure to custodial risk by utilizing the Trust Department of MB Financial Bank to act as custodian for its fixed income securities. -- For an investment, custodial risk is the risk that, in the event of the failure of the counterparty, the Police Pension Fund will not be able to recover the value of its investments that are in the possession of an outside party. -29 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) ` 2. DEPOSITS AND INVESTMENTS (Continued) b. Investments(Continued) GASB Statement No. 40 - Firefighters' Pension Fund — State statutes as well as the investment policy of the Firefighters' Pension Fund provide that the fund may invest up to 45% of the investment portfolio in equity — mutual funds and the remaining 55% of the portfolio in fixed income securities. The Firefighters' Pension Fund has hired a fund manager, MB Financial Bank, to advise and manage the fixed income investments. For equity mutual fund investments, the — Firefighters' Pension Fund utilizes the services of Merrill Lynch. The Firefighters' Pension Fund strives to limit its exposure to credit risk, which is the risk that the issuer of a debt security will not pay the par value upon maturity. This is controlled by primarily investing in securities issued by the United States _ Government, securities issued by agencies of the United States Government that carry an implicit guarantee, or high quality state or local obligations. U.S. agency securities are rated AAA. For investments in state and local obligations, 100% are considered to be AAA rated investments. Investments in corporate bonds are rated Aaa. At December 31, 2013, the Firefighters' Pension Fund had greater than 5% of its — fixed income portfolio invested in obligations of the Federal Home Loan Bank (11.13%). The investment policy does not include any limitations on how much U.S. — Treasury or agency securities can be held in the portfolio. The Firefighters' Pension Fund invests up to 45% of its investments in equity mutual — funds. The Firefighters' Pension Fund's investment policy defines the strategy in which the Firefighters' Pension Board follows for the equity investments. The Firefighters' Pension Fund diversifies its equity holdings by owning several different mutual funds allocated among the following asset classes subject to the percentage limitations indicated: Minimum Maximum Allocation Allocation U.S. Large Cap Stocks 6% 14% U.S. Mid Cap Stocks 3% 8% — U.S. Small Cap Company Stocks 3% 8% Foreign Stocks 6% 14% Alternative Investments — (such as real estate mutual funds) 15% 36% - 30 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 2. DEPOSITS AND INVESTMENTS (Continued) b. Investments(Continued) GASB Statement No.40 - Firefighters' Pension Fund (Continued) -- The Firefighters' Pension Fund limits its exposure to custodial risk by utilizing the Trust Department of MB Financial Bank to act as custodian for its fixed income and equity securities. For an investment, custodial risk is the risk that, in the event of the failure of the counterparty, the Firefighters' Pension Fund will not be able to recover the value of its investments that are in the possession of an outside party. 3. PROPERTY TAXES _ Property taxes for 2013 attach as an enforceable lien on January 1, 2013, on property values assessed as of the same date. Taxes are levied by December 31 of the fiscal year by passage of a Tax Levy Ordinance. Tax bills are prepared by the County and issued on or about May 1 and August 1 and are payable in two installments, on or about June 1 and September 1. The County collects such taxes and remits them periodically. The Village does not have a tax levy but does receive a share of road and bridge taxes from local townships, as well as incremental property taxes from the Butterfield/Myers Road Redevelopment Project Area(TIF). -- 4. RECEIVABLES The following receivables are included in other receivables on the statement of net position -- as of December 31, 2013: GOVERNMENTAL ACTIVITIES State income tax $ 122,781 Hotel/motel tax 55,095 Intergovernmental 65,912 Reinsurance 66,223 Other miscellaneous 199,462 TOTAL GOVERNMENTAL ACTIVITIES $ 509,473 BUSINESS-TYPE ACTIVITIES Members charges $ 106,716 Special events 1,388 Field rental 2,463 Other miscellaneous 7,500 -- TOTAL BUSINESS-TYPE ACTIVITIES $ 118,067 - 31 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) _ 5. CAPITAL ASSETS Capital asset activity for the year ended December 31,2013 was as follows: Beginning Ending _ Balance Increases Decreases Balance GOVERNMENTAL ACTIVITIES Capital assets not being depreciated Land $ 616,829 $ - $ - $ 616,829 Land right of way 31,687,305 735,422 - 32,422,727 Construction in progress - 254,380 - 254,380 - Total capital assets not being depreciated 32,304,134 989,802 - 33,293,936 Capital assets being depreciated Buildings,building and land improvements 19,364,767 337,969 - 19,702,736 Computer equipment 1,408,794 87,644 - 1,496,438 Other equipment 1,886,865 108,490 - 1,995,355 Vehicles 53,120 - 22,114 31,006 - Infrastructure 34,264,187 - - 34,264,187 Internal service fund vehicles 6,062,960 326,268 432,661 5,956,567 Total capital assets being depreciated 63,040,693 860,371 454,775 63,446,289 - Less accumulated depreciation for Buildings,building and land improvements 6,563,210 476,873 - 7,040,083 Computer equipment 1,257,409 65,527 - 1,322,936 Other equipment 1,590,308 74,863 - 1,665,171 Vehicles 53,120 - 22,114 31,006 Infrastructure 21,907,657 753,903 - 22,661,560 - Internal service fund vehicles 3,550,645 418,500 368,266 3,600,879 Total accumulated depreciation 34,922,349 1,789,666 390,380 36,321,635 Total capital assets being depreciated,net 28,118,344 (929,295) 64,395 27,124,654 GOVERNMENTAL ACTIVITIES CAPITAL ASSETS,NET $ 60,422,478 $ 60,507 $ 64,395 $ 60,418,590 Beginning Ending Balance Increases Decreases Balance - BUSINESS-TYPE ACTIVITIES Capital assets not being depreciated _ Land $ 8,292,266 $ - $ - $ 8,292,266 Construction in progress - 69,227 - 69,227 Total capital assets not being depreciated 8,292,266 69,227 - 8,361,493 Capital assets being depreciated Land improvements 2,940,845 - - 2,940,845 Building and building improvements 5,849,713 12,122 - 5,861,835 Infrastructure 23,782,886 161,111 12,815 23,931,182 Vehicles,machinery and equipment 5,770,089 91,558 - 5,861,647 Total capital assets being depreciated 38,343,533 264,791 12,815 38,595,509 - 32 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 5. CAPITAL ASSETS (Continued) Beginning Ending Balance Increases Decreases Balance BUSINESS-TYPE ACTIVITIES(Continued) Less accumulated depreciation for Land improvements $ 2,279,135 $ 66,246 $ - $ 2,345,381 Building and building improvements 2,690,016 123,128 - 2,813,144 Infrastructure 7,467,618 381,897 11,178 7,838,337 .... Vehicles,machinery and equipment 4,078,081 275,273 - 4,353,354 Total accumulated depreciation 16,514,850 846,544 11,178 17,350,216 Total capital assets being depreciated,net 21,828,683 (581,753) 1,637 21,245,293 BUSINESS-TYPE ACTIVITIES CAPITAL ASSETS,NET $ 30,120,949 $ (512,526) $ 1,637 $ 29,606,786 Depreciation expense was charged to functions of the primary government as follows: GOVERNMENTAL ACTIVITIES General government $ 415,779 Public safety 306,479 Public works 937,250 Culture and recreation 130,158 TOTAL DEPRECIATION EXPENSE- GOVERNMENTAL ACTIVITIES $ 1,789,666 '- 6. RISK MANAGEMENT The Village is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; injuries to employees; illnesses of employees; and natural disasters. The Village participates in the Intergovernmental Risk Management Agency (IRMA) which is an organization of municipalities and special districts in Northeastern Illinois which have formed an association under the Illinois Intergovernmental Cooperation's Statute to pool its risk management needs. The Village pays annual premiums to IRMA for its workers' compensation, general liability and property coverage. The Village assumes the first $25,000 of each occurrence,with IRMA having a mix of self- insurance and commercial insurance at various amounts above that level. The Village appoints one delegate, along with an alternate delegate, to represent the Village on the Board of Directors. The Village does not exercise any control over the activities of IRMA beyond its representation on the Board of Directors. - 33 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) — 6. RISK MANAGEMENT (Continued) The Village, along with IRMA's other members, has a contractual obligation to fund any deficit of IRMA attributable to a membership year during which it was a member. Supplemental contributions may be required to fund these deficits. No such contributions — have occurred during the past three years. In addition, the Village provides medical and dental coverage to village employees, their dependents, retirees and employees of the Oak Brook Park District through a limited self- insurance program. The Village is self-insured for the first $85,000 per individual for medical claims up to a maximum limit of $2,685,860 for all individuals. Commercial — insurance is carried for amounts in excess of the self-insured amounts. Settlements did not exceed insurance coverage in any of the last three years. The Village is entirely self-insured for dental claims up to the annual benefit limit of$1,500 per individual. The Village's self- insurance activities are reported in the Self-Insurance Fund, an Internal Service Fund. Premiums are paid into the Self-Insurance Fund by the departments of the General Fund — and other funds, retirees, the Oak Brook Park District and COBRA participants based upon equivalent premium estimates. Liabilities are reported when it is probable that a loss has — occurred and the amount of the loss can be reasonably estimated. Reported liabilities are estimated based on historical cost information and include an amount for claims that have been incurred but not reported. The total claim liability at year end was $159,226. A reconciliation of claims payable for the current year and that of the preceding year is as follows: 2013 2012 CLAIMS PAYABLE, BEGINNING OF YEAR $ 176,970 $ 106,500 Claims incurred and changes in estimate 2,029,794 2,434,731 Claims paid (2,047,538) (2,364,261) — CLAIMS PAYABLE, END OF YEAR $ 159,226 $ 176,970 - 34 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 7. LONG-TERM DEBT Installment Contract Payable The Village has issued installment contracts payable to provide funds for the acquisition of capital assets. The installment contracts payable currently outstanding are as follows: Fund Debt Balance, Balance, Current Issue Retired by January 1 Issuances Retirements December 31 Portion General Fund Refunding Certificates,Series 2009 dated July 15,2009,interest at 2.00%to 3.50%,due in annual installments ranging from$205,000 to $280,000 through December 1, 2017,interest payable June 1 and ._ December 1 of each year,secured by sales and use taxes. General $1,335,000 $ - $ 255,000 $ 1,080,000 $ 260,000 TOTAL $1,335,000 $ - $ 255,000 $ 1,080,000 $ 260,000 Notes Payable The Village has issued notes payable related to developer and intergovernmental agreements. The notes payable and installment contracts payable currently outstanding are as follows: Fund Debt Balance, Balance, Current Issue Retired by January 1 Issuances Retirements December 31 Portion Note payable to the Illinois Tollway for the Intergovernmental Agreement dated July 21,2009.Four Infrastructure $ 1,503,954 $ - $ 1,503,954 $ - $ - annual installments of $1,670,000 payable June 15 and a lump sum payment by Waterworks June 15,2013. System 168,837 - 168,837 - - $4,250,000 TIF note payable to developers dated June 6, 2005 for certain improvements in the TIF area, interest at 8.00%due in semi- annual installments contingent upon sufficient pledged incremental real estate tax and sales tax. Principal is due by Promenade .— February 1,2024. TIF 4,054,976 - 117,800 3,937,176 - TOTAL $ 5,727,767 $ - $ 1,790,591 $ 3,937,176 $ - - 35 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 7. LONG-TERM DEBT (Continued) Debt Service Requirements to Maturity Annual debt service requirements to maturity are as follows: Installment Contracts Fiscal Year Payable from Governmental Ending Activities December 31, Principal Interest 2014 $ 260,000 $ 33,838 —" 2015 265,000 26,687 2016 275,000 18,738 2017 280,000 9,800 _ TOTAL $ 1,080,000 $ 89,063 The repayment of the TIF note payable is based on incremental real estate tax and sales tax received. As such, there is no debt service to maturity schedule. Change in Long-Term Liabilities During the fiscal year, the following changes occurred in long-term liabilities reported in the governmental activities: Balance, Balance, Current January 1 Additions Reductions December 31 Portion Installment contracts _ payable $ 1,335,000 $ - $ 255,000 $ 1,080,000 $ 260,000 Notes payable 5,558,930 - 1,621,754 3,937,176 - Net other postemployment benefit obligation* 125,358 46,087 - 171,445 - Net pension obligation* 358,846 131,724 - 490,570 - Compensated absences* 997,394 1,000,073 997,394 1,000,073 1,000,073 Compensated absences- _ Internal Service Fund 13,069 13,069 13,069 13,069 13,069 TOTAL _ GOVERNMENTAL ACTIVITIES $ 8,388,597 $ 1,190,953 $ 2,881,217 $ 6,692,233 $ 1,273,142 *The compensated absences for governmental activities typically have been liquidated by the General Fund and the Infrastructure Fund. The net other postemployment benefit obligation and net pension obligation typically have been liquidated by the General Fund. - 36 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 7. LONG-TERM DEBT (Continued) Debt Service Requirements to Maturity(Continued) During the fiscal year, the following changes occurred in long-term liabilities reported in the business-type activities: Balance, Balance, Current January 1 Additions Reductions December 31 Portion Notes payable $ 168,837 $ - $ 168,837 $ - $ - '� Compensated absences 90,105 101,865 90,105 101,865 101,865 TOTAL BUSINESS- TYPE ACTIVITIES $ 258,942 $ 101,865 $ 258,942 $ 101,865 $ 101,865 Legal Debt Margin 2012 assessed valuation(latest information available) $ 1,366,851,548 Legal debt limit- 8.625%of assessed valuation $ 117,890,946 Amount of debt applicable to debt limit 1,080,000 LEGAL DEBT MARGIN $ 116,810,946 8. INTERFUND ACCOUNTS Advances to/from other funds Advance To Advance From Amount Sports Core General $ 122,599 The purpose of this amount advanced to the Sports Core Fund was to finance the purchase of golf carts. This amount will be repaid to the General fund. Transfer to/from other funds Transfer To Transfer From Amount Sports Core General $ 210,324 Internal Service General 515,000 $ 725,324 The purpose of the amount transferred to the Sports Core Fund was to finance operating -- needs in the Sports Core Fund. Polo operations needed $96,000, general operations needed $92,000 and the remaining was to pay for golf drainage engineering costs. The purpose of the amount transferred to an Internal Service Fund was to provide cash reserves to the Self Insurance Fund. - 37 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 9. COMMITMENTS DuPage Water Commission The Village is a customer of the DuPage Water Commission (the Commission) and has executed a Water Supply Contract (the Contract)with the Commission for a term ending in 2024. The Contract provides that the government pay its proportionate share of "fixed costs" (debt service and capital costs) to the Commission, such obligation being unconditional and irrevocable whether or not water is ever delivered. These costs are expensed along with the other operation charges from the Commission. Fiscal Year Ending December 31, Amount 2014 $ 278,712 2015 278,712 2016 278,712 2017 278,712 2018 278,712 Thereafter 1,672,271 TOTAL $ 3,065,831 These amounts have been calculated using the Village's current allocation percentage. In future years, this allocation percentage will be subject to change. Estimates for the remaining years of the Contract are not currently available. However, the Village does not expect the minimum amounts for the remaining years of the Contract to materially vary from the amounts presented above. 10. CONTINGENT LIABILITIES Litigation The Village is a defendant in various lawsuits. Although the outcome of these lawsuits is not presently determinable, in the opinion of the Village's attorney, the resolution of these matters will not have a material adverse effect on the financial condition of the Village. _ In addition, the Village may become responsible for certain legal costs associated with other lawsuits. It is possible, but not probable, that the Village will become liable for these _ costs. No liability, therefore, has been recorded on the financial statements for this litigation. - 38 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 10. CONTINGENT LIABILITIES (Continued) Grants Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the federal government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time although the Village expects such amounts, if any, to be immaterial. DuPage Water Commission The Village's agreement with the DuPage Water Commission provides that each member is liable for its proportionate share of any cost arising from defaults in payment obligations by other members. 11. DEFINED BENEFIT PENSION PLANS The Village contributes to four defined benefit pension plans, the Illinois Municipal Retirement Fund (IMRF), an agent multiple-employer public employee retirement system; the Sheriff's Law Enforcement Personnel (SLEP) (also administered by IMRF), an agent multiple-employee retirement system; the Police Pension Plan, which is a single-employer pension plan; and the Firefighters' Pension Plan, which is also a single-employer pension plan. The benefits, benefit levels, employee contributions and employer contributions for all four plans are governed by Illinois Compiled Statutes and can only be amended by the Illinois General Assembly. The Police and Firefighters' Pension Plans each issue separate -- financial statements. These reports can be obtained from the Village of Oak Brook, 1200 Oak Brook Road, Oak Brook, Illinois 60523-2255. IMRF issues a publicly available report that includes financial statements and supplementary information for the plan as a whole, -' but not for individual employers. That report can be obtained from IMRF, 2211 York Road, Suite 500, Oak Brook, Illinois 60523. '- a. Plan Descriptions Illinois Municipal Retirement Fund IMRF provides two tiers of pension benefits. Employees hired prior to January 1, 2011, are eligible for Tier 1 benefits. For Tier 1 employees, pension benefits vest after eight years of service. Participating members who retire at age 55 (reduced benefits) or after age 60 (full benefits)with eight years of credited service are entitled to an annual retirement benefit, payable monthly for life, in an amount equal to 12/3% of their final rate of earnings, for each year of credited service up to 15 years, and 2% for each year thereafter. - 39 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) — 11. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Illinois Municipal Retirement Fund (Continued) — Employees hired on or after January 1, 2011, are eligible for Tier 2 benefits. For Tier 2 employees, pension benefits vest after ten years of service. Participating members who retire at age 62 (reduced benefits) or after age 67 (full benefits)with ten years of credited service are entitled to an annual retirement benefit, payable monthly for life, in an amount equal to 1 2/3% of their final rate of earnings, for each year of credited — service up to 15 years, and 2% for each year thereafter. These benefit provisions and all other requirements are established by state statute. Participating members are required to contribute 4.50% of their annual salary to IMRF. The Village is required to contribute the remaining amounts necessary to fund IMRF as specified by statute. The employer contribution for the year ended December 31, 2013 was 14.75% of covered payroll. Sheriffs Law Enforcement Personnel — SLEP members, having accumulated at least 20 years of SLEP service and terminating IMRF participation on or after January 1, 1988, may elect to retire at or _ after age 50 with no early retirement discount penalty. SLEP members meeting these two qualifications are entitled to an annual retirement benefit, payable monthly for life, in an amount generally equal to 2.50% of their final rate of earnings, for each year of credited service up to 20 years, 2.00% of their final earnings rate for the next ten years of credited service and 1.00% for each year thereafter. For SLEP members retiring with less than 20 years of SLEP service, the regular IMRF pension formula applies. SLEP also provides death and disability benefits. — These benefit provisions and all other requirements are established by Illinois Compiled Statute. Participating members are required to contribute 6.5% of their annual salary to SLEP. The Village is required to contribute the remaining amounts — necessary to fund SLEP as specified by statute. The employer contribution for the year ended December 31, 2013 was 13.77% of covered payroll. Police Pension Plan Police sworn personnel are covered by the Police Pension Plan. Although this is a single-employer pension plan, the defined benefits and employee and employer contribution levels are governed by Illinois Compiled Statutes (40 ILCS 5/3-1) and may be amended only by the Illinois legislature. The Village accounts for the plan as a pension trust fund. At December 31, 2013, the Police Pension Plan membership consisted o£ - 40 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 11. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Police Pension Plan (Continued) Retirees and beneficiaries currently receiving benefits 36 Terminated employees entitled to benefits but not yet receiving them 2 -- Current employees Vested 37 Nonvested 4 TOTAL 79 The Police Pension Plan provides retirement benefits as well as death and disability benefits. Tier 1 employees (those hired prior to January 1, 2011) attaining the age of 50 or older with 20 or more years of creditable service are entitled to receive an annual retirement benefit equal to one-half of the salary attached to the rank held on the last day of service, or for one year prior to the last day, whichever is greater. The annual benefit shall be increased by 2.50% of such salary for each additional year of service over 20 years up to 30 years to a maximum of 75.00% of such salary. Employees with at least eight years but less than 20 years of credited service may _ retire at or after age 60 and receive a reduced benefit. The monthly benefit of a police officer who retired with 20 or more years of service after January 1, 1977 shall be increased annually, following the first anniversary date of retirement and be paid upon reaching the age of at least 55 years, by 3.00% of the original pension and 3.00% compounded annually thereafter. Tier 2 employees (those hired on or after January 1, 2011) attaining the age of 55 or older with ten or more years of creditable service are entitled to receive an annual retirement benefit equal to the average monthly salary obtained by dividing the total -- salary of the police officer during the 96 consecutive months of service within the last 120 months of service in which the total salary was the highest by the number of months of service in that period. Police officers' salary for pension purposes is -- capped at $106,800, plus the lesser of 1/2 of the annual change in the Consumer Price Index or 3.00% compounded. The annual benefit shall be increased by 2.50% of such salary for each additional year of service over 20 years up to 30 years to a maximum of 75.00% of such salary. Employees with at least ten years may retire at or after age 50 and receive a reduced benefit (i.e., 1/z% for each month under 55). The monthly benefit of a Tier 2 police officer shall be increased annually at age 60 on the January 1St after the police officer retires, or the first anniversary of the pension starting date, whichever is later. Noncompounding increases occur annually, each January thereafter. The increase is the lesser of 3.00% or %2 of the change in the Consumer Price Index for the proceeding calendar year. -41 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 11. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions(Continued) Police Pension Plan (Continued) Employees are required by ILCS to contribute 9.91% of their base salary to the Police Pension Plan. If an employee leaves covered employment with less than 20 years of service, accumulated employee contributions may be refunded without accumulated interest. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. The costs of administering the Police Pension — Plan are financed through investment earnings. The Village is required to contribute the remaining amounts necessary to finance the plan as actuarially determined by an enrolled actuary. For the year ended December 31, 2013, the Village's contribution — was 32.60% of covered payroll. The State of Illinois passed Public Act 096-1495 on December 30, 2010. As a result, effective January 1, 2011, the Village has until the year 2040 to fund 90% of the past service costs for the Police Pension Plan. — Firefighters' Pension Plan Fire sworn personnel are covered by the Firefighters' Pension Plan. Although this is a single-employer pension plan, the defined benefits and employee and employer — contribution levels are governed by Illinois Compiled Statutes (40 ILCS 5/4-1) and may be amended only by the Illinois legislature. The Village accounts for the plan as a pension trust fund. At December 31, 2013, the Firefighters' Pension Plan membership consisted of: Retirees and beneficiaries currently receiving benefits 49 Terminated employees entitled to benefits but not yet receiving them - Current employees Vested 20 Nonvested 12 TOTAL 81 The Firefighters' Pension Plan provides retirement benefits as well as death and disability benefits. Tier 1 employees (those hired prior to January 1, 2011) attaining the age of 50 or older with 20 or more years of creditable service are entitled to receive an annual retirement benefit equal to one-half of the salary attached to the rank held at the date of retirement. The annual benefit shall be increased by 2.50% of such salary for each additional year of service over 20 years up to 30 years to a maximum of 75.00%of such salary. Employees with at least ten years but less than - 42 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 11. DEFINED BENEFIT PENSION PLANS (Continued) a. Plan Descriptions (Continued) Firefighters' Pension Plan (Continued) 20 years of credited service may retire at or after age 60 and receive a reduced benefit. The monthly benefit of a covered employee who retired with 20 or more years of service after January 1, 1977 shall be increased annually, following the first anniversary date of retirement and be paid upon reaching the age of at least 55 years, by 3.00% of the original pension and 3.00%compounded annually thereafter. Tier 2 employees (those hired on or after January 1, 2011) attaining the age of 55 or older with ten or more years of creditable service are entitled to receive an annual retirement benefit equal to the average monthly salary obtained by dividing the total salary of the firefighter during the 96 consecutive months of service within the last 120 months of service in which the total salary was the highest by the number of months of service in that period. Firefighters' salary for pension purposes is capped at $106,800, plus the lesser of% of the annual change in the Consumer Price Index or 3.00% compounded. The annual benefit shall be increased by 2.50% of such salary for each additional year of service over 20 years up to 30 years to a maximum of 75.00% of such salary. Employees with at least ten years may retire at or after age 50 and receive a reduced benefit (i.e. 1/2% for each month under 55). The monthly benefit of a Tier 2 firefighter shall be increased annually at age 60 on the January 1" after the firefighter retires, or the first anniversary of the pension starting date, whichever is later. Noncompounding increases occur annually, each January thereafter. The increase is the lesser of 3.00% or %2 of the change in the Consumer Price Index for the proceeding calendar year. Covered employees are required to contribute 9.455% of their base salary to the Firefighters' Pension Plan. If an employee leaves covered employment with less than 20 years of service, accumulated employee contributions may be refunded without accumulated interest. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. The costs of administering the Firefighters' _ Pension Plan are financed through investment earnings. The Village is required to finance the plan as actuarially determined by an enrolled actuary. For the year ended December 31, 2013, the Village's contribution was 65.88% of covered payroll. The State of Illinois passed Public Act 096-1495 on December 30, 2010. As a result, effective January 1, 2011, the Village has until the year 2040 to fund 90% of the past service costs for the Firefighters' Pension Plan. - 43 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 11. DEFINED BENEFIT PENSION PLANS (Continued) b. Annual Pension Costs Employer contributions have been determined as follows: Illinois Municipal Retirement and Sheriff's _ Law Enforcement Police Firefighters' Personnel Pension Pension Actuarial valuation date December 31, December 31, December 31, 2011 2012 2012 Actuarial cost method Entry-age Projected Unit Projected Unit Normal Credit Credit Asset valuation method 5 Year 5 Year 5 Year Smoothed Smoothed Smoothed Market Market Market Amortization method Level Level Level Percentage of Percentage of Percentage of Payroll Payroll Payroll Amortization period 30 Years, 28 Years, 28 Years, Open Closed Closed Significant actuarial assumptions a) Rate of return on 7.50% 6.75% 6.75% present and future assets Compounded Compounded Compounded Annually Annually Annually b) Projected salary increase- 4.00% 3.75% 3.75% attributable to inflation Compounded Compounded Compounded Annually Annually Annually _ c) Additional projected .40 to 10.00% Not Available Not Available salary increases - seniority/merit - 44 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 11. DEFINED BENEFIT PENSION PLANS (Continued) b. Annual Pension Costs (Continued) Employer annual required contributions (ARC), actual contributions and the net pension obligation (NPO) (asset) are as follows. The NPO (asset) is the cumulative difference between the annual pension costs and the contributions actually made. Sheriff s - Law Illinois Enforce- Calendar Municipal ment Police Firefighters' Year Retirement Personnel Pension Pension Annual pension cost(APC) 2011 $ 691,908 $ 8,458 $ 885,339 $ 1,082,677 _ 2012 720,377 52,030 972,423 1,066,582 2013 759,433 74,899 1,208,899 1,151,443 Actual contribution 2011 691,908 8,458 674,170 995,110 - 2012 720,377 52,030 977,367 1,001,528 2013 759,433 74,899 1,171,537 1,057,081 - Percentage of APC 2011 100.00% 100.00% 76.15% 91.91% contributed 2012 100.00% 100.00% 100.51% 93.90% 2013 100.00% 100.00% 96.91% 91.80% NPO(asset) 2011 $ - $ - $ 211,169 $ 87,567 2012 - - 206,225 152,621 - 2013 - - 243,587 246,983 The net pension obligation (asset) has been calculated as follows as of December 31, 2013: Police Firefighters' Pension Pension Annual required contributions $ 1,205,519 $ 1,144,966 - Interest on net pension obligation 13,920 10,302 Adjustment to annual required contribution (10,540) (3,825) Annual pension cost 1,208,899 1,151,443 Contributions made 1,171,537 1,057,081 - Increased(decrease) in net pension obligation 37,362 94,362 Net pension obligation(asset), January 1 206,225 152,621 - NET PENSION OBLIGATION(ASSET), DECEMBER 31 $ 243,587 $ 246,983 - 45 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) — 11. DEFINED BENEFIT PENSION PLANS (Continued) C. Summary Financial Information The following is summary financial information for the Police and Firefighters' — Pension Plans. Statement of Plan Net Position _ Pension Trust Police Firefighters' _ Pension Pension Total ASSETS — Cash $ 25,522 $ 30,186 $ 55,708 Investments Illinois Funds 27,990 - 27,990 _ Money market mutual funds 2,605,312 2,004,305 4,609,617 U.S. Treasury securities 1,002,810 384,548 1,387,358 U.S. agency securities 4,897,749 4,393,562 9,291,311 _ State and local obligations 1,152,858 1,102,428 2,255,286 Corporate bonds 3,957,074 3,084,289 7,041,363 Mutual funds 18,797,595 13,406,398 32,203,993 Equities 12,255 - 12,255 — Accrued interest receivable 102,023 90,606 192,629 Prepaid expenses 2,877 1,090 3,967 Total assets 32,584,065 24,497,412 57,081,477 LIABILITIES Accounts payable 9,738 7,421 17,159 Total liabilities 9,738 7,421 17,159 NET POSITION HELD IN TRUST FOR PENSION PLAN BENEFITS $ 32,574,327 $ 24,489,991 $ 57,064,318 - 46 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 11. DEFINED BENEFIT PENSION PLANS (Continued) C. Summary Financial Information(Continued) Statement of Changes in Plan Net Position Pension Trust Police Firefighters' Pension Pension Total ADDITIONS Contributions Employer $ 1,171,537 $ 1,057,081 $ 2,228,618 Employee 351,137 258,613 609,750 Other 24 - 24 Total contributions 1,522,698 1,315,694 2,838,392 _ Investment income Net appreciation in fair Value of investments 2,353,787 1,037,254 3,391,041 Interest 1,098,726 944,925 2,043,651 Total investment income 3,452,513 1,982,179 5,434,692 Less investment expense (79,277) (62,989) (142,266) Net investment income 3,373,236 1,919,190 5,292,426 Total additions 4,895,934 3,234,884 8,130,818 DEDUCTIONS Benefits and refunds 2,093,848 2,040,745 4,134,593 Administrative 31,006 55,296 86,302 Total deductions 2,124,854 2,096,041 4,220,895 NET INCREASE 2,771,080 1,138,843 3,909,923 NET POSITION HELD IN TRUST FOR PENSION BENEFITS January 1 29,803,247 23,351,148 53,154,395 December 31 $ 32,574,327 $ 24,489,991 $ 57,064,318 - 47 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) — 11. DEFINED BENEFIT PENSION PLANS (Continued) d. Funded Status The funded status of the plans as of December 31, 2013 is as follows. The actuarial — assumptions used to determine the funded status of the plans are the same actuarial assumptions used to determine the employer annual pension costs of the plans as disclosed in Note 11-c: — Illinois Sheriff s Law Municipal Enforcement Firefighters' Police — Retirement Personnel Pension Pension Actuarial accrued liability(AAL) $ 18,235,832 $ - $ 43,174,124 $ 45,144,711 Actuarial value of plan assets 13,338,894 (693,449) 24,322,142 31,756,410 — Unfunded actuarial accrued liability (UAAL) 4,896,938 693,449 18,851,982 13,388,301 Funded ratio(actuarial value of plan — assets/AAL) 73.15% 0.00% 56.3% 70.3% Covered payroll(active plan members) $ 5,148,695 $ - $ 2,674,017 $ 3,598,016 UAAL as a percentage of covered payroll 95.11% 0.00% 705.0% 372.1% See the schedules of funding progress in the required supplementary information immediately following the notes to financial statements for additional information _ related to the funded status of the plans. 12. OTHER POSTEMPLOYMENT BENEFITS — Plan Description In addition to providing the pension benefits described, the Village provides postemployment health care (OPEB) benefits for retirees and disabled employees through a single-employer defined benefit plan (the Plan). The benefits, benefit levels, employee contributions and any employer contributions are governed by the Village and can be amended by the Village through its personnel manual and union contracts. The Plan is not accounted for as a trust fund, as an irrevocable trust has not been established to account for the Plan. The Plan does not issue a separate report. The activity of the Plan is reported in the Village's Self-Insurance Fund. -48 - VILLAGE OF OAK BROOK,ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 12. OTHER POSTEMPLOYMENT BENEFITS (Continued) Benefits Provided The Village provides postemployment health care benefits to its retirees and certain disabled employees. To be eligible for benefits, an employee must qualify for retirement — under one of the Village's retirement plans or meet COBRA requirements. For certain disabled employees who qualify for health insurance benefits under the Public Safety Employee Benefits Act (PSEBA), the Village is required to pay 100% of the cost of basic health insurance for the employee and their dependents for their lifetime. As of December 31, 2013, the Village has two disabled retirees receiving benefits under this statute. All health care benefits are provided through the Village's self-insured health plan. The benefit levels are the same as those afforded to active employees. Benefits include general inpatient and outpatient medical services; mental, nervous and substance abuse care; vision care; dental care; and prescriptions. Eligibility in village sponsored health care plans is discontinued upon eligibility for federally sponsored health care benefits. Membership At December 31, 2011 (the latest information available), membership consisted of: Retirees and beneficiaries currently receiving benefits 19 Terminated employees entitled to benefits but not yet receiving them - Current employees Vested 99 Nonvested 50 TOTAL 168 Participating employers 1 Funding Policy All retirees contribute 100% of the actuarially determined premium to the Plan to cover the cost of providing the benefits to the retirees via the self-insured plan (pay as you go), which results in an implicit subsidy to the Village as defined by the GASB Statement No. 45. The Village pays 100% of the actuarially determined premium for certain disabled employees. Since the Village is self-insured, these amounts fluctuate on an annual basis. For the fiscal year ended December 31, 2013, all retirees contributed $533,113 and the Village contributed $112,177. The Village is not required to and currently does not advance fund the cost of benefits that will become due and payable in the future. Active employees do not contribute to the Plan until retirement. - 49 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 12. OTHER POSTEMPLOYMENT BENEFITS (Continued) Annual OPEB Costs and Net OPEB Obligation The Village's annual OPEB cost, the percentage of annual OPEB cost contributed to the — Plan and the net OPEB obligation was as follows: Fiscal Annual Percentage of Year OPEB Employer Annual OPEB Net OPEB Ended Cost Contributions Cost Contributed Obligation December 31, 2011 $ 188,072 $ 137,854 73.3% $ 75,076 December 31, 2012 162,361 112,079 69.0% 125,358 December 31, 2013 158,165 112,078 70.9% 171,445 — The net OPEB obligation(NOPEBO) as of December 31, 2013 was calculated as follows: Annual required contribution $ 156,077 Interest on net OPEB obligation 6,263 Adjustment to annual required contribution (4,175) — Annual OPEB cost 158,165 Contributions made 112,078 — Increase in net OPEB obligation 46,087 Net OPEB obligation, beginning of year 125,358 — NET OPEB OBLIGATION, END OF YEAR $ 171,445 Funded Status and Funding Progress The funded status of the Plan as of December 31, 2011 (the latest information available) was as follows: Actuarial accrued liability(AAL) $ 2,673,072 Actuarial value of plan assets - Unfunded actuarial accrued liability (UAAL) 2,673,072 — Funded ratio (actuarial value of plan assets/AAL) 0.00% Covered payroll (active plan members) $ 12,657,543 UAAL as a percentage of covered payroll 21.12% - 50 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO FINANCIAL STATEMENTS (Continued) 12. OTHER POSTEMPLOYMENT BENEFITS (Continued) Funded Status and Funding Progress (Continued) Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality and the healthcare cost trend. Amounts determined regarding the funded status of the Plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to financial statements, presents multi-year trend information that shows whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based on the substantive plan (the Plan as understood by the employer and plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of _ benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long- term perspective of the calculations. In the December 31, 2011 actuarial valuation, the entry-age actuarial cost method was used. The actuarial assumptions included a 5.00% investment rate of return (net of administrative expenses) and an initial annual healthcare cost trend rate of 8.00% and an ultimate healthcare cost trend rate of 6.00%. These rates include a 3.00% inflation assumption. The actuarial value of assets was not determined as the Village has not advance funded its obligation. The Plan's unfunded actuarial accrued liability is being amortized as a level percentage of projected payroll on an open basis. The remaining amortization period at December 31, 2011 was 30 years. 13. PRIOR PERIOD ADJUSTMENT The Village restated fund balance of the General Fund by $(2,362,000) and net position of the Sports Core Fund by $2,362,000 as of January 1, 2013 correct the treatment of an interfund transfer. - 51 - '- VILLAGE OF OAK BROOK,ILLINOIS GENERAL FUND SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL �- For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual REVENUES Intergovernmental $ 12,122,420 $ 12,122,420 $ 13,032,334 $ 909,914 $ 12,387,361 Utility taxes 4,910,000 4,910,000 5,047,306 137,306 4,900,869 Licenses and permits 952,425 952,425 1,686,269 733,844 1,201,998 Charges for services 962,850 962,850 1,021,858 59,008 970,778 -- Fines and penalties 272,360 272,360 184,959 (87,401) 231,865 Investment income 30,000 30,000 61,136 31,136 31,430 Miscellaneous 392,460 392,460 355,075 (37,385) 350,168 Total revenues 19,642,515 19,642,515 21,388,937 1,746,422 20,074,469 EXPENDITURES Current General government 4,477,191 4,340,876 4,285,385 (55,491) 4,172,858 Public safety 13,187,905 13,601,030 13,408,744 (192,286) 12,929,342 Public works 576,340 547,570 515,171 (32,399) 496,895 Culture and recreation 961,575 961,575 941,866 (19,709) 896,889 Debt service Principal 255,000 255,000 255,000 - 250,000 Interest and fiscal charges 40,005 40,005 40,003 (2) 45,003 Total expenditures 19,498,016 19,746,056 19,446,169 (299,887) 18,790,987 EXCESS(DEFICIENCY)OF REVENUES OVER EXPENDITURES 144,499 (103,541) 1,942,768 2,046,309 1,283,482 OTHER FINANCING SOURCES(USES) Transfers in - - - - 275,000 Transfers(out) (725,324) (725,324) (725,324) - - Total other financing sources(uses) (725,324) (725,324) (725,324) - 275,000 NET CHANGE IN FUND BALANCE $ (580,825) $ (828,865) 1,217,444 $ 2,046,309 1,558,482 FUND BALANCE,JANUARY 1 17,542,957 15,984,475 Prior period adjustment (2,362,000) - FUND BALANCE,JANUARY 1,RESTATED 15,180,957 15,984,475 FUND BALANCE,DECEMBER 31 $ 16,398,401 $ 17,542,957 (See independent auditor's report.) - 52 - VILLAGE OF OAK BROOK,ILLINOIS HOTEL/MOTEL TAX FUND SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual '— REVENUES Intergovernmental $ 522,000 $ 522,000 $ 68,679 $ (453,321) $ - Hotel/motel taxes 830,000 830,000 964,684 134,684 940,008 Investment income 4,000 4,000 9,121 5,121 5,075 Miscellaneous - - 2,925 5,121 - Total revenues 1,356,000 1,356,000 1,045,409 (308,395) 945,083 EXPENDITURES Current Culture and recreation 1,249,335 1,249,335 703,410 (545,925) 347,974 Expenditure reimbursement paid to other funds 39,000 39,000 39,000 - 394,000 — Total expenditures 1,288,335 1,288,335 742,410 (545,925) 741,974 NET CHANGE IN FUND BALANCE $ 67,665 $ 67,665 302,999 $ 237,530 203,109 FUND BALANCE,JANUARY 1 2,775,235 2,572,126 FUND BALANCE,DECEMBER 31 $ 3,078,234 $ 2,775,235 (See independent auditor's report.) - 53 - VILLAGE OF OAK BROOK, ILLINOIS NOTES TO REQUIRED SUPPLEMENTARY INFORMATION December 31, 2013 Budgets are adopted on a basis consistent with generally accepted accounting principles. Annual budgets are adopted for the General, Special Revenue and Capital Projects Funds on the modified accrual basis. Enterprise, Internal Service and Pension Trust Funds are on the accrual basis and a current financial resources measurement focus except the Village does not budget depreciation but does budget capital outlay. The annual budget is legally enacted and provides for a legal level of control at the program level. All annual appropriations lapse at fiscal year end. a. Budgets The Village follows these procedures in establishing the budgetary data reflected in the financial statements: 1. All departments of the Village submit budget requests to the Budget Officer so that a budget may be prepared. 2. The Village Manager submits to the Village Board of Trustees a proposed operating budget for the fiscal year commencing the following January 1. The r operating budget includes proposed expenditures and the means of financing them. 3. A public hearing is conducted by the Village to obtain resident comments. 4. Subsequently,the budget is adopted by the Village Board. 5. Annual budgets are adopted for all funds on a basis consistent with generally accepted accounting principles. 6. Formal budgetary integration is employed as a management control device during year for all funds of the Village. T 7. Appropriations lapse at year end. 8. The Village Manager and Budget Officer are authorized to transfer budgeted amounts between line items within any program; however, any revisions that alter the total expenditures of any program or fund must be approved by the Village Board. The level of legal control is the individual program budget in total. 9. Budgeted amounts are as originally adopted with the exceptions of approved transfers which were not material in relation to the budgets taken as a whole. After Village Board transfers, no program had an excess of _ expenditures/expenses, exclusive of depreciation and amortization over budget for the fiscal year - 54 - VILLAGE OF OAK BROOK,ILLINOIS SCHEDULE OF FUNDING PROGRESS ILLINOIS MUNICIPAL RETIREMENT FUND December 31,2013 (4) Unfunded (2) (Overfunded) UAAL Actuarial Actuarial (OAAL) Accrued Accrued as a Actuarial (1) Liability (3) Liability Percentage _ Valuation Actuarial (AAL) Funded (UAAL) (5) of Covered Date Value of Entry-Age Ratio (OAAL) Covered Payroll December 31, Assets Normal (1)/(2) (2)-(l) Payroll (4)/(5) 2008 $ 11,511,641 $ 16,564,067 69.50% $ 5,052,426 $ 7,142,269 70.74% 2009 9,609,171 14,603,710 65.80% 4,994,539 6,567,736 76.05% 2010 9,534,465 15,208,443 62.69% 5,673,978 5,273,109 107.60% 2011 9,699,712 15,535,903 62.43% 5,836,191 5,214,086 111.93% 2012 10,784,804 16,504,611 65.34% 5,719,807 5,091,006 112.35% 2013 13,338,894 18,235,832 73.15% 4,896,938 5,148,695 95.11% (See independent auditor's report.) - 55 - VILLAGE OF OAK BROOK,ILLINOIS SCHEDULE OF FUNDING PROGRESS SHERIFF'S LAW ENFORCEMENT PERSONNEL December 31,2013 (4) Unfunded (2) (Overfunded) UAAL _ Actuarial Actuarial (OAAL) Accrued Accrued as a Actuarial (1) Liability (3) Liability Percentage Valuation Actuarial (AAL) Funded (UAAL) (5) of Covered Date Value of Entry-Age Ratio (OAAL) Covered Payroll December 31, Assets Normal (1)/(2) (2)-(1) Payroll (4)/(5) —' 2008 $ 187,175 $ 218,844 85.53% $ 31,669 $ 129,968 24.37% 2009 202,440 248,486 81.47% 46,046 126,795 36.32% 2010 234,928 282,824 83.07% 47,896 126,304 37.92% 2011 (745,925) - 0.00% 745,925 57,101 1306.33% 2012 (737,742) - 0.00% 737,742 - 0.00% 2013 (693,449) - 0.00% 693,449 - 0.00% Note: The Village no longer had any participants in SLEP as of December 31,2011. (See independent auditor's report.) - 56 - VILLAGE OF OAK BROOK,ILLINOIS SCHEDULE OF FUNDING PROGRESS POLICE PENSION FUND December 31,2013 (4) Unfunded (Overfunded) UAAL — (2) Acurarial (OAAL) Actuarial Accued as a Actuarial (1) Accrued (3) Liability Percentage — Valuation Actuarial Liability Funded (UAAL) (5) of Covered Date Value of (AAL) Ratio (OAAL) Covered Payroll December 31, Assets Entry-Age (1)/(2) (2)-(1) Payroll (4)/(5) 2008 $ 24,349,249 $ 35,266,292 69.04% $ 10,917,043 $ 3,314,574 329.36% 2009 26,391,636 36,801,319 71.71% 10,409,683 3,433,002 303.22% 2010 28,421,357 38,718,877 73.40% 10,297,520 3,288,064 313.18% 2011 27,922,983 40,706,989 68.60% 12,784,006 3,310,998 386.11% 2012 29,803,246 44,517,503 66.95% 14,714,257 3,646,309 403.54% 2013 31,756,410 45,144,711 70.34% 13,388,301 3,598,016 372.10% (See independent auditor's report.) - 57 - '— VILLAGE OF OAK BROOK,ILLINOIS SCHEDULE OF FUNDING PROGRESS -- FIREFIGHTERS'PENSION FUND December 31,2013 (4) Unfunded (Overfunded) UAAL (2) Acurarial (OAAL) Actuarial Accued as a Actuarial (1) Accrued (3) Liability Percentage Valuation Actuarial Liability Funded (UAAL) (5) of Covered -- Date Value of (AAL) Ratio (OAAL) Covered Payroll December 31, Assets Entry-Age (1)/(2) (2)-(1) Payroll (4)/(5) 2008 $ 19,118,652 $ 31,239,022 61.20% $ 12,120,370 $ 2,804,818 432.13% 2009 20,779,262 32,813,804 63.32% 12,034,542 2,573,691 467.60% 2010 22,275,798 36,057,657 61.78% 13,781,859 2,668,624 516.44% 2011 22,155,173 36,277,226 61.07% 14,122,053 2,687,097 525.55% 2012 23,351,147 38,030,219 61.40% 14,679,072 2,762,080 531.45% 2013 24,322,142 43,174,124 56.33% 18,851,982 2,674,017 705.01% (See independent auditor's report.) — - 58 - VILLAGE OF OAK BROOK,ILLINOIS SCHEDULE OF FUNDING PROGRESS OTHER POSTEMPLOYMENT BENEFIT PLAN December 31,2013 a (4) Unfunded (Overfunded) UAAL (2) Acurarial (OAAL) Actuarial Accued as a Actuarial (1) Accrued (3) Liability Percentage _ Valuation Actuarial Liability Funded (UAAL) (5) of Covered Date Value of (AAL) Ratio (OAAL) Covered Payroll December 31, Assets Entry-Age (1)/(2) (2)-(1) Payroll (4)/(5) _ 2008 $ - $ 1,746,352 0.00% $ 1,746,352 N/A N/A 2009 - 3,108,091 0.00% 3,108,091 $ 13,426,525 23.15% 2010 N/A N/A N/A N/A N/A N/A 2011 - 2,673,072 0.00% 2,673,072 12,657,543 21.12% 2012 N/A N/A N/A N/A N/A N/A _ 2013 - 2,673,072 0.00% 2,673,072 12,657,543 21.12% N/A-Information not available. (See independent auditor's report.) - 59 - VILLAGE OF OAK BROOK, ILLINOIS SCHEDULE OF EMPLOYER CONTRIBUTIONS ILLINOIS MUNICIPAL RETIREMENT FUND December 31, 2013 Annual Fiscal Required Year Employer Contribution Percentage December 31, Contributions (ARC) Contributed 2008 $ 726,369 $ 726,369 100.00% 2009 674,506 674,506 100.00% 2010 649,120 649,120 100.00% 2011 691,908 691,908 100.00% 2012 720,377 720,377 100.00% 2013 759,433 759,433 100.00% (See independent auditor's report.) - 60 - VILLAGE OF OAK BROOK, ILLINOIS SCHEDULE OF EMPLOYER CONTRIBUTIONS SHERIFF'S LAW ENFORCEMENT PERSONNEL December 31, 2013 Annual Fiscal Required Year Employer Contribution Percentage December 31, Contributions (ARC) Contributed — 2008 $ 15,076 $ 15,076 100.00% 2009 14,848 14,848 100.00% 2010 18,125 18,125 100.00% 2011 8,458 8,458 100.00% — 2012 52,030 52,030 100.00% 2013 74,899 74,899 100.00% (See independent auditor's report.) - 61 - VILLAGE OF OAK BROOK, ILLINOIS SCHEDULE OF EMPLOYER CONTRIBUTIONS POLICE PENSION FUND December 31, 2013 Annual Fiscal Required Year Employer Contribution Percentage December 31, Contributions (ARC) Contributed 2008 $ 564,283 $ 564,283 100.00% 2009 958,641 958,641 100.00% 2010 944,808 944,808 100.00% 2011 674,170 885,339 76.15% 2012 977,367 969,024 100.86% _ 2013 1,171,537 1,208,899 96.91% (See independent auditor's report.) - 62 - VILLAGE OF OAK BROOK, ILLINOIS SCHEDULE OF EMPLOYER CONTRIBUTIONS FIREFIGHTERS' PENSION FUND December 31, 2013 Annual -� Fiscal Required Year Employer Contribution Percentage December 31, Contributions (ARC) Contributed 2008 $ 671,683 $ 671,683 100.00% _ 2009 839,550 839,550 100.00% 2010 933,925 933,925 100.00% 2011 995,110 1,082,677 91.91% ` 2012 1,001,528 1,065,173 94.02% 2013 1,057,081 1,144,966 92.32% (See independent auditor's report.) - 63 - VILLAGE OF OAK BROOK,ILLINOIS SCHEDULE OF EMPLOYER CONTRIBUTIONS -- OTHER POSTEMPLOYMENT BENEFIT PLAN December 31,2013 Annual Net Other Fiscal Required Postemployment Year Employer Contribution Percentage Benefit ._ December 31, Contributions (ARC) Contributed Obligation(Asset) 2008 $ 88,965 $ 103,689 85.80% $ 14,727 2009 137,854 100,374 137.34% (21,542) 2010 137,854 186,027 74.10% 24,858 2011 137,854 186,027 74.10% 75,076 '- 2012 112,079 156,077 71.81% 125,358 2013 112,177 156,077 71.87% 171,346 (See independent auditor's report.) - 64 - i i MAJOR GOVERNMENTAL FUNDS General Fund - to account for resources traditionally associated with governments which are not accounted for in another fund. Hotel/Motel Tax Fund - to account for local hotel/motel tax receipts restricted for promoting tourism and conventions in the Village. Infrastructure Fund - to account for revenues restricted for and expenditures relative to the construction and maintenance of roadways, drainage and safety pathway systems. VILLAGE OF OAK BROOK,ILLINOIS GENERAL FUND SCHEDULE OF REVENUES-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual REVENUES Intergovernmental Municipal sales tax $ 10,900,000 $ 10,900,000 $ 11,784,117 $ 884,117 $ 11,251,155 _ Illinois state income and use tax 786,000 786,000 883,629 97,629 815,762 Corporate personal property replacement taxes 285,000 285,000 290,032 5,032 268,229 York Township road and bridge tax 40,000 40,000 13,594 (26,406) 14,973 Grants 111,420 111,420 60,962 (50,458) 37,242 Total intergovernmental 12,122,420 12,122,420 13,032,334 909,914 12,387,361 Utility taxes 4,910,000 4,910,000 5,047,306 137,306 4,900,869 Licenses and permits 952,425 952,425 1,686,269 733,844 1,201,998 Charges for services 962,850 962,850 1,021,858 59,008 970,778 Fines and penalties 272,360 272,360 184,959 (87,401) 231,865 Investment income 30,000 30,000 61,136 31,136 31,430 .. Miscellaneous Franchise fees 165,000 165,000 183,510 18,510 174,752 Other 227,460 227,460 171,565 (55,895) 175,416 _ Total miscellaneous 392,460 392,460 355,075 (37,385) 350,168 TOTAL REVENUES $ 19,642,515 $ 19,642,515 $ 21,388,937 $ 1,746,422 $ 20,074,469 (See independent auditor's report.) - 65 - VILLAGE OF OAK BROOK,ILLINOIS GENERALFUND SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) _ 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual GENERAL GOVERNMENT Legislative and general management Board of trustees Personnel $ 72,400 $ 72,400 $ 72,212 $ (188) $ 68,924 Materials and supplies 3,100 3,100 784 (2,316) 1,093 Operation and contractual 133,500 80,600 79,233 (1,367) 41,277 Total board of trustees 209,000 156,100 152,229 (3,871) 111,294 Village clerk Personnel 139,710 130,155 128,783 (1,372) 113,716 Materials and supplies 2,530 2,530 1,972 (558) 1,600 Operation and contractual 13,700 13,700 8,661 (5,039) 11,502 Total Village clerk 155,940 146,385 139,416 (6,969) 126,818 Legal Personnel 26,785 26,785 29,273 2,488 18,604 Materials and supplies 225 225 442 217 144 Operation and contractual 341,500 263,780 251,823 (11,957) 315,021 Total legal 368,510 290,790 281,538 (9,252) 333,769 General management Personnel 316,710 323,990 340,497 16,507 315,393 Materials and supplies 59,250 59,250 56,173 (3,077) 4,557 Operation and contractual 45,910 40,885 26,763 (14,122) 6,929 Total general management 421,870 424,125 423,433 (692) 326,879 Human resources Personnel 214,340 212,030 204,873 (7,157) 175,576 Materials and supplies 2,250 2,250 1,708 (542) 1,917 Operation and contractual 128,000 130,310 130,342 32 166,701 Total human resources 344,590 344,590 336,923 (7,667) 344,194 Risk management Personnel 159,670 59,670 40,945 (18,725) 46,894 Materials and supplies 6,000 6,000 976 (5,024) 498 Operation and contractual 436,000 490,155 489,133 (1,022) 477,592 Total risk management 601,670 555,825 531,054 (24,771) 524,984 T Transportation Personnel 100 100 12 (88) - Operation and contractual 4,000 4,000 (4,000) - Total transportation 4,100 4,100 12 (4,088) (This schedule is continued on the following pages.) - 66 - VILLAGE OF OAK BROOK,ILLINOIS GENERALFUND SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 �. Budget Budget Actual (Under) Actual GENERAL GOVERNMENT(Continued) Legislative and general management(Continued) Emergency management Personnel $ 9,250 $ 9,250 $ 6,043 $ (3,207) $ 9,007 Materials and supplies 20,700 20,700 16,448 (4,252) 1,021 Operation and contractual 20,350 20,350 20,091 (259) 16,874 Capital outlay - - - - 15,632 Total emergency management 50,300 50,300 42,582 (7,718) 42,534 General services Personnel - - - 70,264 Materials and supplies - 81,844 Operation and contractual - 3,916 Total general services - - - - 156,024 Purchasing Personnel 80,715 80,715 80,384 (331) 65,263 Materials and supplies 24,700 24,700 23,374 (1,326) 170 Operation and contractual 2,500 2,500 1,080 (1,420) 343 Total purchasing 107,915 107,915 104,838 (3,077) 65,776 Information systems Personnel 320,145 320,145 323,084 2,939 306,495 Materials and supplies 34,800 34,800 34,289 (511) 35,443 Operation and contractual 317,500 317,500 312,425 (5,075) 269,491 Capital 180,000 180,000 178,603 (1,397) 146,725 Total information systems 852,445 852,445 848,401 (4,044) 758,154 Total legislative and general management 3,116,340 2,932,575 2,860,426 (72,149) 2,790,426 Community development management Personnel 292,720 299,720 299,355 (365) 294,922 Materials and supplies 2,280 2,280 969 (1,311) 1,012 _. Operation and contractual 1,900 1,900 818 (1,082) 40 Total community development management 296,900 303,900 301,142 (2,758) 295,974 Economic development Personnel 1,425 1,425 539 (886) 923 Materials and supplies 3,500 3,500 - (3,500) - Operation and contractual 99,500 90,500 70,594 (19,906) 78,618 Total economic development 104,425 95,425 71,133 (24,292) 79,541 (This schedule is continued on the following pages.) - 67 - VILLAGE OF OAK BROOK,ILLINOIS GENERAL FUND SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual GENERAL GOVERNMENT(Continued) Community development management(Continued) Code enforcement Personnel $ 432,680 $ 453,680 $ 456,180 $ 2,500 $ 429,192 Materials and supplies 2,450 2,450 2,091 (359) 2,161 Operation and contractual 36,160 36,160 32,466 (3,694) 28,473 Total code enforcement 471,290 492,290 490,737 (1,553) 459,826 Total community development management 872,615 891,615 863,012 (28,603) 835,341 Financial services Financial services management Personnel 135,095 135,095 136,045 950 129,466 Materials and supplies 2,750 2,750 47 (2,703) 957 Operation and contractual 28,610 45,190 45,475 285 41,261 Total financial services management 166,455 183,035 181,567 (1,468) 171,684 Accounting and reporting _ Personnel 245,430 245,430 250,152 4,722 244,405 Materials and supplies 8,135 8,135 5,321 (2,814) 9,079 Operation and contractual 42,985 28,255 21,525 (6,730) 31,927 Total accounting and reporting 296,550 281,820 276,998 (4,822) 285,411 PSEBA benefits Personnel 31,200 49,650 49,650 31,200 Customer service Personnel 51,555 49,705 40,852 (8,853) 841 Total financial services 545,760 564,210 549,067 (15,143) 489,136 Engineering and capital projects Municipal building improvements Capital 383,500 393,500 393,280 (220) 431,075 Total engineering and capital projects 383,500 393,500 393,280 (220) 431,075 Expenditure reimbursements paid to other funds 120,676 120,676 120,000 (676) 116,605 Subtotal general government 5,038,891 4,902,576 4,785,785 (116,791) 4,662,583 Less reimbursements from other funds (561,700) (561,700) (500,400) 61,300 (489,725) Total general government 4,477,191 4,340,876 4,285,385 (55,491) 4,172,858 (This schedule is continued on the following pages.) - 68 - VILLAGE OF OAK BROOK,ILLINOIS GENERAL FUND SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual PUBLIC SAFETY Police department Police services management Personnel $ 526,540 $ 513,540 $ 515,080 $ 1,540 $ 414,814 Materials and supplies 3,500 3,500 2,500 (1,000) 3,728 Operation and contractual 67,160 76,650 74,011 (2,639) 73,783 _ Total police services management 597,200 593,690 591,591 (2,099) 492,325 Police field services Personnel 4,039,575 4,120,365 4,121,086 721 3,884,992 Materials and supplies 92,820 92,820 91,580 (1,240) 66,009 Operation and contractual 343,705 343,705 342,582 (1,123) 322,581 Total police field services 4,476,100 4,556,890 4,555,248 (1,642) 4,273,582 Suport services general Personnel 529,230 556,965 562,101 5,136 415,785 �. Materials and supplies 29,500 29,500 21,819 (7,681) 23,076 Operation and contractual 2,200 3,200 3,060 (140) 3,933 Total police general support 560,930 589,665 586,980 (2,685) 442,794 _ Support services detectives Personnel 855,200 875,500 871,299 (4,201) 962,450 Materials and supplies 9,200 9,700 7,644 (2,056) 7,507 Operation and contractual 28,410 26,910 25,217 (1,693) 25,656 Capital outlay - - - 12,619 Total police investigations 892,810 912,110 904,160 (7,950) 1,008,232 ... Support services records Personnel 189,340 199,110 206,918 7,808 500,505 Materials and supplies 15,150 15,150 9,490 (5,660) 31,966 Operation and contractual 327,280 454,835 416,545 (38,290) 423,320 Capital outlay - - 1,776 1,776 105,854 Total police records 531,770 669,095 634,729 (34,366) 1,061,645 Total police department 7,058,810 7,321,450 7,272,708 (48,742) 7,278,578 (This schedule is continued on the following pages.) - 69 - VILLAGE OF OAK BROOK,ILLINOIS GENERALFUND SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) _ 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual PUBLIC SAFETY(Continued) Fire department Fire,rescue and EMS operations _. Personnel 4,496,210 4,567,350 4,549,420 (17,930) 4,414,116 Materials and supplies 34,160 34,160 25,944 (8,216) 36,108 Operation and contractual 290,910 297,910 293,846 (4,064) 241,463 Capital 52,800 45,800 27,953 (17,847) 29,297 Total fire,rescue and EMS opeartions 4,874,080 4,945,220 4,897,163 (48,057) 4,720,984 Fire service management Personnel 489,520 538,865 486,269 (52,596) 295,900 Materials and supplies 8,400 8,400 2,767 (5,633) 5,569 Operation and contractual 7,990 7,990 8,200 210 7,122 Total fire service management 505,910 555,255 497,236 (58,019) 308,591 Special teams operations Materials and supplies 5,000 5,000 4,323 (677) 4,102 Operation and contractual 5,490 5,490 4,707 (783) 5,029 Total special teams operations 10,490 10,490 9,030 (1,460) 9,131 _ Rescue and fire training Personnel 34,485 34,485 17,867 (16,618) 29,881 Materials and supplies 650 650 - (650) - Total rescue and fire training 35,135 35,135 17,867 (17,268) 29,881 Emergency medical services Personnel 38,405 28,405 20,838 (7,567) 19,910 Materials and supplies 16,100 16,100 7,917 (8,183) 15,748 Operation and contractual 648,975 688,975 685,985 (2,990) 546,519 Total emergency medical services 703,480 733,480 714,740 (18,740) 582,177 Total fire department 6,129,095 6,279,580 6,136,036 (143,544) 5,650,764 Total public safety 13,187,905 13,601,030 13,408,744 (192,286) 12,929,342 (This schedule is continued on the following pages.) - 70 - VILLAGE OF OAK BROOK,ILLINOIS GENERALFUND SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 _ Budget Budget Actual (Under) Actual PUBLIC WORKS Mosquito control Operation and contractual $ 63,835 $ 66,130 $ 66,129 $ (1) $ 63,549 Total mosquito control 63,835 66,130 66,129 (1) 63,549 _ Buildings and grounds Personnel 94,315 94,315 89,243 (5,072) 78,522 Materials and supplies 39,780 39,780 36,820 (2,960) 34,585 _ Operation and contractual 233,055 220,990 197,242 (23,748) 190,463 Total buildings and grounds 367,150 355,085 323,305 (31,780) 303,570 Forestry Personnel 19,560 19,560 22,877 3,317 12,033 Materials and supplies 1,525 1,525 1,100 (425) 1,160 Operation and contractual 124,270 105,270 101,760 (3,510) 116,583 Total forestry 145,355 126,355 125,737 (618) 129,776 Total public works 576,340 547,570 515,171 (32,399) 496,895 CULTURE AND RECREATION Library general operations Personnel 352,145 352,145 347,068 (5,077) 334,734 _ Materials and supplies 13,950 13,950 12,233 (1,717) 19,396 Operation and contractual 86,050 86,050 78,156 (7,894) 73,369 Capital outlay 5,000 5,000 4,992 (8) 5,000 Total library general operations 457,145 457,145 442,449 (14,696) 432,499 r Library technical services Personnel 123,160 123,160 122,146 (1,014) 111,566 Materials and supplies 3,290 3,290 3,291 1 3,266 Operation and contractual 7,930 5,875 5,555 (320) 8,816 Total library technical services 134,380 132,325 130,992 (1,333) 123,648 Library reference and adult services Personnel 161,225 161,225 159,759 (1,466) 148,671 Materials and supplies 103,400 103,400 102,784 (616) 103,196 _ Operation and contractual 2,800 2,800 1,465 (1,335) 2,802 Total library reference and adult services 267,425 267,425 264,008 (3,417) 254,669 (This schedule is continued on the following page.) - 71 - VILLAGE OF OAK BROOK,ILLINOIS GENERALFUND SCHEDULE OF EXPENDITURES-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) _ 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual CULTURE AND RECREATION(Continued) Library youth services Personnel $ 70,875 $ 72,930 $ 74,091 $ 1,161 $ 54,651 Materials and supplies 30,250 30,250 28,827 (1,423) 29,942 Operation and contractual 1,500 1,500 1,499 (1) 1,480 Total library youth services 102,625 104,680 104,417 (263) 86,073 Total culture and recreation 961,575 961,575 941,866 (19,709) 896,889 DEBT SERVICE Principal 255,000 255,000 255,000 - 250,000 Interest and fiscal charges 40,005 40,005 40,003 (2) 45,003 Total debt service 295,005 295,005 295,003 (2) 295,003 TOTAL EXPENDITURES $ 19,498,016 $ 19,746,056 $ 19,446,169 $ (299,887) $ 18,790,987 (See indepedent auditor's report.) - 72 - VILLAGE OF OAK BROOK,ILLINOIS INFRASTRUCTURE FUND SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual REVENUES Intergovernmental-grants $ 560,000 $ 560,000 $ 10,380 $ (549,620) $ Non-home rule sales tax 5,015,000 5,015,000 5,171,232 156,232 5,230,137 Investment income 10,000 10,000 13,645 3,645 9,256 Miscellaneous 5,000 5,000 4,938 (62) 5,380 Total revenues 5,590,000 5,590,000 5,200,195 (389,805) 5,244,773 EXPENDITURES Public works Geographic information systems - Personnel 1,050 1,050 - (1,050) - Materials and supplies 3,000 2,725 607 (2,118) 627 Operation and contractual 146,525 146,800 146,720 (80) 136,604 Total geographic information systems 150,575 150,575 147,327 (3,248) 137,231 Management Personnel 303,370 303,370 303,983 613 294,183 _ Materials and supplies 4,280 4,280 2,788 (1,492) 2,553 Operation and contractual 150,625 165,930 165,202 (728) 177,700 Total management 458,275 473,580 471,973 (1,607) 474,436 Streets-general salaries Personnel 656,480 641,175 624,692 (16,483) 633,279 Materials and supplies 4,215 4,215 2,587 (1,628) 2,187 Operation and contractual 3,275 3,275 2,454 (821) 3,077 Total streets-general salaries 663,970 648,665 629,733 (18,932) 638,543 Streets and traffic maintenance Materials and supplies 48,100 48,100 41,499 (6,601) 32,941 Operation and contractual 279,160 279,160 272,771 (6,389) 262,040 Total streets and traffic maintenance 327,260 327,260 314,270 (12,990) 294,981 Snow removal Personnel 63,825 77,930 81,012 3,082 25,384 Materials and supplies 110,000 95,895 91,620 (4,275) 91,054 _ Operation and contractual 62,905 60,120 56,905 (3,215) 59,980 Total snow removal 236,730 233,945 229,537 (4,408) 176,418 Drainage maintenance Materials and supplies 20,000 11,000 10,774 (226) 17,424 Operation and contractual 63,865 75,650 75,309 (341) 72,791 Total drainage maintenance 83,865 86,650 86,083 (567) 90,215 Safety pathway maintenance Materials and supplies 22,000 13,340 8,630 (4,710) 17,886 Operation and contractual 23,350 65,765 65,613 (152) 24,125 Total safety pathway maintenance 45,350 79,105 74,243 (4,862) 42,011 (This schedule is continued on the following page.) - 73 - VILLAGE OF OAK BROOK,ILLINOIS INFRASTRUCTURE FUND SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual EXPENDrrURES(Continued) Engineering and capital projects Engineering Personnel $ 408,770 $ 408,770 $ 405,163 $ (3,607) $ 392,672 Materials and supplies 3,450 3,450 753 (2,697) 686 Operation and contractual 110,005 110,005 53,026 (56,979) 57,495 Total engineering 522,225 522,225 458,942 (63,283) 450,853 Roadway improvements Operation and contractual 332,000 332,000 272,058 (59,942) 209,506 Intergovernmental agreements 1,436,046 1,402,291 1,300,568 (101,723) 2,093,247 Total roadway improvements 1,768,046 1,734,291 1,572,626 (161,665) 2,302,753 Stormwater management improvements Operation and contractual - - - 1,000 Total stormwater management improvements - - - 1,000 Note payment 1,503,954 1,503,954 1,503,954 1,501,163 Expenditure reimbursement paid to other funds 114,000 114,000 114,000 - 108,000 Subtotal expenditures 5,874,250 5,874,250 5,602,688 (271,562) 6,217,604 Less reimbursements from other funds (156,200) (156,200) (156,200) (506,605) Total expenditures 5,718,050 5,718,050 5,446,488 (271,562) 5,710,999 NET CHANGE IN FUND BALANCE $ (128,050) $ (128,050) (246,293) $ (118,243) (466,226) FUND BALANCE,JANUARY 1 5,398,644 5,864,870 FUND BALANCE,DECEMBER 31 $ 5,152,351 $ 5,398,644 (See independent auditor's report.) - 74 - NONMAJOR GOVERNMENTAL FUNDS NONMAJOR GOVERNMENTAL FUNDS Special Revenue Funds Motor Fuel Tax Fund - to account for state gasoline tax allocations restricted for local roadway program expenditures. Foreign Fire Insurance Tax Fund - to account for foreign fire insurance tax revenue restricted for the purchase of items for the benefit of the fire department. Capital Projects Fund Promenade TIF Fund - to account for the revenues and expenditures restricted to the Tax Increment Financing District located at 22nd Street and Meyers Road. VILLAGE OF OAK BROOK,ILLINOIS NONMAJOR GOVERNMENTAL FUNDS COMBINING BALANCE SHEET i December 31,2013 Capital Projects Fund Total Foreign Fire Nonmajor Motor Insurance Promenade Governmental Fuel Tax Tax TIF Funds ASSETS Cash and investments $ 908,584 $ 201,358 $ 285,862 $ 1,395,804 Receivables Allotments 19,726 - - 19,726 Other - 66,223 - 66,223 Accrued interest 141 - - 141 TOTAL ASSETS $ 928,451 $ 267,581 $ 285,862 $ 1,481,894 LIABILITIES AND FUND BALANCES LIABILITIES None $ - $ - $ - $ - Total liabilities - - - - FUND BALANCES Restricted Highways and streets 928,451 - - 928,451 Public safety - 267,581 - 267,581 _ Economic development - - 285,862 285,862 Total fund balances 928,451 267,581 285,862 1,481,894 _ TOTAL LIABILITIES AND FUND BALANCES $ 928,451 $ 267,581 $ 285,862 $ 1,481,894 _ (See independent auditor's report.) - 75 - VILLAGE OF OAK BROOK,ILLINOIS NONMAJOR GOVERNMENTAL FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES For the Year Ended December 31, 2013 Capital Projects Fund Total Foreign Fire Nonmajor Motor Fuel Insurance Promenade Governmental Tax Tax TIF Funds REVENUES Intergovernmental $ 230,669 $ 66,223 $ 507,965 $ 804,857 Investment income 2,150 208 27 2,385 Miscellaneous 1,514 - - 1,514 Total revenues 234,333 66,431 507,992 808,756 EXPENDITURES Current General government - - 4,130 4,130 Public safety - 32,054 - 32,054 Debt service Principal - - 117,800 117,800 Interest and fiscal charges - - 322,126 322,126 Total expenditures - 32,054 444,056 476,110 NET CHANGE IN FUND BALANCES 234,333 34,377 63,936 332,646 FUND BALANCES, JANUARY 1 694,118 233,204 221,926 1,149,248 FUND BALANCES, DECEMBER 31 $ 928,451 $ 267,581 $ 285,862 $ 1,481,894 (See independent auditor's report.) - 76 - VILLAGE OF OAK BROOK,ILLINOIS MOTOR FUEL TAX FUND SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 _ Variance Original Final Over 2012 Budget Budget Actual (Under) Actual REVENUES Intergovernmental $ 200,000 $ 200,000 $ 230,669 $ 30,669 $ 230,030 Investment income 1,000 1,000 2,150 1,150 1,346 Miscellaneous - - 1,514 1,514 - Total revenues 201,000 201,000 2345333 33,333 231,376 EXPENDITURES Current None - - - - - Total expenditures - - - - - NET CHANGE IN FUND BALANCE $ 201,000 $ 201,000 234,333 $ 33,333 231,376 FUND BALANCE,JANUARY 1 694,118 462,742 FUND BALANCE,DECEMBER 31 $ 928,451 $ 694,118 (See independent auditor's report.) - 77 - VILLAGE OF OAK BROOK,ILLINOIS FOREIGN FIRE INSURANCE TAX FUND SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 _ Variance Original Final Over 2012 Budget Budget Actual (Under) Actual REVENUES Intergovernmental $ 50,000 $ 50,000 $ 66,223 $ 16,223 $ 113,169 Investment income 400 400 208 (192) 157 Total revenues 50,400 50,400 66,431 16,031 113,326 EXPENDITURES Current Public safety 54,525 54,525 32,054 (22,471) 86,685 Total expenditures 54,525 54,525 32,054 (22,471) 86,685 NET CHANGE IN FUND BALANCE $ (4,125) $ (4,125) 34,377 $ 38,502 26,641 FUND BALANCE,JANUARY 1 233,204 206,563 FUND BALANCE,DECEMBER 31 $ 267,581 $ 233,204 (See independent auditor's report.) — - 78 - VILLAGE OF OAK BROOK,ILLINOIS PROMENADE TIF FUND SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) _ 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual REVENUES Property tax $ 362,000 $ 362,000 $ 344,233 $ (17,767) $ 361,973 Sales tax 77,035 77,035 163,732 86,697 75,774 _ Investment income 75 75 27 (48) 99 Total revenues 439,110 439,110 507,992 68,882 437,846 EXPENDITURES Current General government 5,380 5,380 4,130 (1,250) 5,003 Debt service Principal 107,700 117,800 117,800 - 91,000 Interest and fiscal charges 322,290 322,290 322,126 (164) 330,039 Total expenditures 435,370 445,470 444,056 (1,414) 426,042 NET CHANGE IN FUND BALANCE $ 3,740 $ (6,360) 63,936 $ 70,296 11,804 FUND BALANCE,JANUARY 1 221,926 210,122 FUND BALANCE,DECEMBER 31 $ 285,862 $ 221,926 (See independent auditor's report.) - 79 - MAJOR ENTERPRISE FUNDS Waterworks System Fund - to account for revenues and expenses relative to the operation of the water utility. Sports Core Fund - to account for revenues and expenses relative to the operation of the Oak Brook Sports Core. VILLAGE OF OAK BROOK,ILLINOIS WATERWORKS SYSTEM FUND SCHEDULE OF REVENUES,EXPENSES AND _ CHANGES IN NET POSITION-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual OPERATING REVENUES Charges for services _ Water sales $ 7,415,000 $ 7,415,000 $ 6,649,030 $ (765,970) $ 6,605,133 Unmetered sales 25,000 25,000 19,643 (5,357) 27,344 Water tap on charges 20,000 20,000 42,570 22,570 11,040 Meter fees and special services 37,000 37,000 53,726 16,726 43,201 Miscellaneous 62,800 62,800 81,835 19,035 81,307 Total operating revenues 7,559,800 7,559,800 6,846,804 (712,996) 6,768,025 OPERATING EXPENSES Operation of facilities 6,291,795 6,291,795 5,684,313 (607,482) 5,127,796 Depreciation and amortization - - 564,351 564,351 543,348 Total operating expenses 6,291,795 6,291,795 6,248,664 (43,131) 5,671,144 OPERATING INCOME(LOSS) 1,268,005 1,268,005 598,140 (669,865) 1,096,881 NONOPERATING REVENUES (EXPENSES) _ Investment income 12,000 12,000 9,300 (2,700) 5,609 Grants - - 358 358 - Gain(loss)on sale of capital assets - - (1,637) (1,637) (10,577) Total nonoperating revenues (expenses) 12,000 12,000 8,021 (3,979) (4,968) CHANGE IN NET POSITION $ 1,280,005 $ 1,280,005 606,161 $ (673,844) 1,091,913 NET POSITION,JANUARY 1 20,583,362 19,491,449 NET POSITION,DECEMBER 31 $ 21,189,523 $ 20,583,362 (See independent auditor's report.) - 80 - VILLAGE OF OAK BROOK,ILLINOIS WATERWORKS SYSTEM FUND SCHEDULE OF OPERATING EXPENSES-BUDGET AND ACTUAL _ For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual OPERATING EXPENSES EXCLUDING DEPRECIATION Operation of facilities Public works-water operations _ Personnel $ 761,060 $ 751,910 $ 754,190 $ 2,280 $ 743,720 Materials and supplies 93,710 242,745 238,869 (3,876) 138,651 Operation and contractual 4,442,725 4,414,030 4,343,854 (70,176) 3,902,700 Reimbursements for general fund services 347,400 347,400 347,400 - 342,725 Total public works-water operations 5,644,895 5,756,085 5,684,313 (71,772) 5,127,796 Capital improvements Capital outlay 646,900 535,710 267,990 (267,720) 1,631,188 Total capital improvements 646,900 535,710 267,990 (267,720) 1,631,188 TOTAL OPERATING EXPENSES EXCLUDING DEPRECIATION- BUDGETARY BASIS $ 6,291,795 $ 6,291,795 5,952,303 $ (339,492) 6,758,984 ADJUSTMENTS TO GAAP BASIS Capital expenditures (267,990) (1,631,188) Depreciation and amortization expense 564,351 543,348 Total adjustments to GAAP basis 296,361 (1,087,840) TOTAL OPERATING EXPENSES $ 6,248,664 $ 5,671,144 (See independent auditor's report.) - 81 - VILLAGE OF OAK BROOK,ILLINOIS SPORTS CORE FUND SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance _ Original Final Over 2012 Budget Budget Actual (Under) Actual OPERATING REVENUES Charges for services Golf $ 2,078,305 $ 2,078,305 $ 1,822,391 $ (255,914) $ 1,921,729 Swimming and tennis 366,825 366,825 342,407 (24,418) 357,517 Special events 222,890 222,890 293,203 70,313 204,831 _ Rentals and commissions 365,460 365,460 416,453 50,993 328,672 Food and beverage 382,690 382,690 341,875 (40,815) 365,462 Total operating revenues 3,416,170 3,416,170 3,216,329 (199,841) 3,178,211 ._ OPERATING EXPENSES INCLUDING DEPRECIATION Golf club 1,847,390 1,855,390 1,916,995 61,605 1,960,828 _ Swimming and tennis 632,320 632,320 495,405 (136,915) 523,449 Special events 222,890 395,295 371,631 (23,664) 225,894 Rentals and commissions 304,055 281,070 220,636 (60,434) 306,247 Food and beverage 352,145 367,130 356,807 (10,323) 236,430 Total operating expenses 3,358,800 3,531,205 3,361,474 (169,731) 3,252,848 OPERATING INCOME(LOSS) 57,370 (115,035) (145,145) (30,110) (74,637) NONOPERATING REVENUES (EXPENSES) Investment income 900 900 1,057 157 473 Grants 187,800 187,800 3,633 (184,167) 3,525 Gain on sale of capital assets - - - - 63,301 Interest expense (2,760) (2,760) (2,758) 2 (4,999) Total nonoperating revenues (expenses) 185,940 185,940 1,932 (184,008) 62,300 NET INCOME(LOSS)BEFORE TRANSFERS 243,310 70,905 (143,213) (214,118) (12,337) TRANSFERS Transfers in - - 210,324 210,324 Total transfers - - 210,324 210,324 - CHANGE IN NET POSITION $ 243,310 $ 70,905 67,111 $ 3,794 (12,337) NET POSITION,JANUARY 1 10,087,303 10,099,640 Prior period adjustment 2,362,000 - r NET POSITION,JANUARY 1,RESTATED 12,449,303 10,099,640 NET POSITION,DECEMBER 31 $ 12,516,414 $ 10,087,303 (See independent auditor's report.) - 82 - VILLAGE OF OAK BROOK,ILLINOIS SPORTS CORE FUND SCHEDULE OF OPERATING REVENUES-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual CHARGES FOR SERVICES Golf Fees $ 1,563,700 $ 1,563,700 $ 1,338,946 $ (224,754) $ 1,419,147 Golf surcharge 120,000 120,000 119,872 (128) 115,915 Memberships 188,105 188,105 182,038 (6,067) 188,085 Merchandise sales 206,500 206,500 181,535 (24,965) 198,582 Total golf 2,078,305 2,078,305 1,822,391 (255,914) 1,921,729 Swimming and tennis Fees 84,950 84,950 78,300 (6,650) 83,496 Memberships 279,200 279,200 262,698 (16,502) 271,229 Merchandise sales 525 525 10 (515) 210 Miscellaneous 2,150 2,150 1,399 (751) 2,582 Total swimming and tennis 366,825 366,825 342,407 (24,418) 357,517 -- Special Events Fees 22,890 22,890 57,882 34,992 11,749 Merchandise sales - - 10,275 10,275 - Promotions 20,000 20,000 42,200 22,200 5,875 Independence Day/Taste of Oak Brook 180,000 180,000 182,747 2,747 187,207 Miscellaneous - - 99 99 - Total special events 222,890 222,890 293,203 70,313 204,831 Rentals and commissions Open field rental 203,460 203,460 256,183 52,723 217,114 Other rental income 162,000 162,000 160,270 (1,730) 111,558 Total rentals 365,460 365,460 416,453 50,993 328,672 - Food and beverage Food sales 182,050 182,050 151,024 (31,026) 166,296 Beverage sales 200,640 200,640 190,851 (9,789) 199,166 Total food and beverage 382,690 382,690 341,875 (40,815) 365,462 TOTAL OPERATING REVENUES $ 3,416,170 $ 3,416,170 $ 3,216,329 $ (199,841) $ 3,178,211 (See independent auditor's report.) - 83 - VILLAGE OF OAK BROOK,ILLINOIS SPORTS CORE FUND SCHEDULE OF OPERATING EXPENSES-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance _ Original Final Over 2012 Budget Budget Actual (Under) Actual OPERATING EXPENSES EXCLUDING DEPRECIATION Operations-golf club Golf club general operations Personnel $ 452,835 $ 461,600 $ 441,283 $ (20,317) $ 465,100 Materials and supplies 184,890 187,595 142,107 (45,488) 191,805 Operation and contractual 116,610 128,140 125,130 (3,010) 129,078 Capital outlay 15,000 - - - 20,055 Total golf club general operations 769,335 777,335 708,520 (68,815) 806,038 Golf club range operations Personnel 61,325 61,325 58,356 (2,969) 54,348 Materials and supplies 17,000 17,000 8,915 (8,085) 11,340 Operation and contractual 14,700 14,700 16,396 1,696 14,269 Total golf club range operations 93,025 93,025 83,667 (9,358) 79,957 Golf cart operations Personnel 23,910 23,910 20,483 (3,427) 9,566 _ Materials and supplies 1,400 1,400 42 (1,358) 1,345 Operation and contractual 3,500 3,500 2,858 (642) 3,102 Capital outlay - - - - 307,997 Total golf cart operations 28,810 28,810 23,383 (5,427) 322,010 Golf course maintenance Personnel 647,120 647,120 642,840 (4,280) 625,794 - Materials and supplies 227,000 237,255 207,997 (29,258) 230,665 Operation and contractual 37,100 52,255 45,265 (6,990) 30,896 Capital outlay 45,000 19,590 30,358 10,768 36,900 Total golf course maintenance 956,220 956,220 926,460 (29,760) 924,255 Total operations-golf club 1,847,390 1,855,390 1,742,030 (113,360) 2,132,260 _ Operations-swimming and tennis General operations-Swimming and tennis Personnel 80,600 78,110 80,182 2,072 81,519 _ Materials and supplies 23,950 23,950 18,285 (5,665) 14,849 Operation and contractual 197,520 200,010 168,777 (31,233) 189,765 Subtotal general operations-sports core, swimming and tennis 302,070 302,070 267,244 (34,826) 286,133 Less reimbursements from other funds (122,855) (122,855) (122,855) - (115,433) Total general operations -sports core, swimming and tennis 179,215 179,215 144,389 (34,826) 170,700 (This schedule is continued on the following pages.) - 84 - VILLAGE OF OAK BROOK,ILLINOIS SPORTS CORE FUND SCHEDULE OF OPERATING EXPENSES-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual OPERATING EXPENSES EXCLUDING DEPRECIATION(Continued) Operations-swimming and tennis (Continued) Swimming operations Personnel- $ 41,985 $ 41,985 $ 28,368 $ (13,617) $ 25,200 Materials and supplies 25,175 25,175 13,951 (11,224) 40,505 Operation and contractual 124,645 145,305 141,810 (3,495) 115,099 Capital outlay 110,000 89,340 - (89,340) 24,650 Total swimming operations 301,805 301,805 184,129 (117,676) 205,454 ._ Tennis operations-outdoor Personnel 77,830 77,830 69,794 (8,036) 68,063 Materials and supplies 35,310 35,310 2,828 (32,482) 7,250 Operation and contractual 23,160 23,160 22,027 (1,133) 21,398 Capital outlay 15,000 15,000 - (15,000) - Total tennis operations-outdoor 151,300 151,300 94,649 (56,651) 96,711 Total operations-swimming and tennis 632,320 632,320 423,167 (209,153) 472,865 Special events Personnel - - 2,319 2,319 876 Materials and supplies 1,000 1,000 4,043 3,043 651 Operation and contractual 221,890 394,295 365,269 (29,026) 224,367 Total special events 222,890 395,295 371,631 (23,664) 225,894 Rentals and commissions Personnel 93,055 60,015 69,331 9,316 49,374 Materials and supplies 5,450 5,450 4,709 (741) 2,407 Operation and contractual 100,550 138,975 134,474 (4,501) 108,388 Debt service-principal - - - - 125,000 Capital outlay 105,000 76,630 12,122 (64,508) 21,078 Total rentals 304,055 281,070 220,636 (60,434) 306,247 Food and beverage Poolside grill Personnel 5,915 5,915 10,907 4,992 6,346 Materials and supplies 30,825 30,825 26,879 (3,946) 30,998 Operation and contractual 4,800 4,800 3,831 (969) 1,804 Total poolside grill 41,540 41,540 41,617 77 39,148 (This schedule is continued on the following page.) - 85 - VILLAGE OF OAK BROOK,ILLINOIS SPORTS CORE FUND SCHEDULE OF OPERATING EXPENSES-BUDGET AND ACTUAL(Continued) For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual OPERATING EXPENSES EXCLUDING _ DEPRECIATION(Continued) Food and beverage(Conitnued) Golf clubhouse Personnel $ 154,080 $ 153,535 $ 153,604 $ 69 $ 160,969 Materials and supplies 143,900 159,430 157,652 (1,778) 169,637 Operation and contractual 12,625 12,625 11,424 (1,201) 8,834 Capital outlay - - 23,549 23,549 29,550 Total golf clubhouse 310,605 325,590 346,229 20,639 368,990 Total food and beverage 352,145 367,130 387,846 20,716 408,138 Nondepartmental expenses Interfund loan repayment (61,300) (61,300) (61,300) - - Total nondepartmental expenses (61,300) (61,300) (61,300) - - TOTAL OPERATING EXPENSES- BUDGETARY BASIS $ 3,297,500 $ 3,469,905 3,084,010 $ (385,895) 3,545,404 ADJUSTMENTS TO GAAP BASIS Capital expenditures (66,029) (440,230) Depreciation expense-Golf 205,323 193,520 Depreciation expense-Swimming and tennis 72,238 75,234 Depreciation expense-Food and beverage 4,632 3,920 Debt service-principal - (125,000) Interfund loan repayment 61,300 - - Total adjustments to GAAP basis 277,464 (292,556) TOTAL OPERATING EXPENSES $ 3,361,474 $ 3,252,848 (See independent auditor's report.) - 86 - INTERNAL SERVICE FUNDS Self-Insurance Fund - to account for all costs associated with self-insurance risks for employee health and dental insurance. Garage Fund - to account for all costs associated with the operation and maintenance of the Village's vehicle fleet equipment. Capital Replacement Fund - to account for revenues and expenses relative to the replacement of major capital equipment, primarily vehicles. VILLAGE OF OAK BROOK,ILLINOIS INTERNAL SERVICE FUNDS COMBINING STATEMENT OF NET POSITION - December 31,2013 Self- Capital Insurance Garage Replacement Total - CURRENT ASSETS Cash and investments $ 677,795 $ 23,867 $ 1,896,648 $ 2,598,310 Receivables - Accrued interest - - 2,235 2,235 Other 27,841 2,417 - 30,258 Inventories - 60,370 - 60,370 Prepaid expenses 18,166 - 882,333 900,499 Total current assets 723,802 86,654 2,781,216 3,591,672 CAPITAL ASSETS Depreciable,net of accumulated depreciation - 103,317 2,252,371 2,355,688 - Net capital assets - 103,317 2,252,371 2,355,688 Total assets 723,802 189,971 5,033,587 5,947,360 CURRENT LIABILITIES Accounts payable 175,596 28,598 200 204,394 r Accrued payroll 7,183 7,270 - 14,453 Compensated absences payable - 13,069 - 13,069 Unearned revenue 44,900 - - 44,900 - Claims payable 159,226 - - 159,226 Total current liabilities 386,905 48,937 200 436,042 NET POSITION Net investment in capital assets - 103,317 2,252,371 2,355,688 Unrestricted 336,897 37,717 2,781,016 3,155,630 TOTAL NET POSITION $ 336,897 $ 141,034 $ 5,033,387 $ 5,511,318 (See independent auditor's report.) - 87 - VILLAGE OF OAK BROOK,ILLINOIS INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENSES AND CHANGES IN NET POSITION For the Year Ended December 31,2013 Self- Capital Insurance Garage Replacement Total OPERATING REVENUES Charges for services $ 2,666,395 $ 785,010 $ 331,750 $ 3,783,155 Total operating revenues 2,666,395 785,010 331,750 3,783,155 OPERATING EXPENSES Claims and insurance 2,819,536 - - 2,819,536 Garage operations - 736,130 - 736,130 Miscellaneous - - 10,910 10,910 Depreciation - 14,460 404,040 418,500 Total operating expenses 2,819,536 750,590 414,950 3,985,076 OPERATING INCOME(LOSS) (153,141) 34,420 (83,200) (201,921) NON-OPERATING REVENUES(EXPENSES) Investment income 114 7 10,748 10,869 (Loss)on sale of capital assets - - (29,839) (29,839) Total non-operating revenues(expenses) 114 7 (19,091) (18,970) INCOME(LOSS)BEFORE TRANSFERS (153,027) 34,427 (102,291) (220,891) TRANSFERS IN 515,000 - - 515,000 CHANGE IN NET POSITION 361,973 34,427 (102,291) 294,109 NET POSITION,JANUARY 1 (25,076) 106,607 5,135,678 5,217,209 NET POSITION,DECEMBER 31 $ 336,897 $ 141,034 $ 5,033,387 $ 5,511,318 (See independent auditor's report.) - 88 - VILLAGE OF OAK BROOK,ILLINOIS INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS For the Year Ended December 31,2013 Self- Capital Insurance Garage Replacement Total CASH FLOWS FROM OPERATING ACTIVITIES Receipts from internal services transactions $ 1,789,576 $ 786,821 $ 331,750 $ 2,908,147 Receipts from customers and users 904,729 - - 904,729 _ Payments to suppliers (3,113,566) (557,611) (893,043) (4,564,220) Payments to employees - (227,854) - (227,854) Net cash from operating activities (419,261) 1,356 (561,293) (979,198) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES _ Interf ind transfers 515,000 - - 515,000 Net cash from noncapital financing activities 515,000 - - 515,000 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets - (3,000) (2,094,523) (2,097,523) _ Proceeds from sale of capital assets - - (29,839) (29,839) Net cash from capital and related financing activities - (3,000) (2,124,362) (2,127,362) — CASH FLOWS FROM INVESTING ACTIVITIES Sale of investments - - 131,416 131,416 _ Interest received 114 7 15,221 15,342 Net cash from investing activities 114 7 146,637 146,758 NET INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS 95,853 (1,637) (2,539,018) (2,444,802) CASH AND CASH EQUIVALENTS, JANUARY 1 581,942 25,504 2,731,432 3,338,878 CASH AND CASH EQUIVALENTS, –� DECEMBER 31 $ 677,795 $ 23,867 $ 192,414 $ 894,076 CASH AND INVESTMENTS _ Cash and cash equivalents $ 677,795 $ 23,867 $ 192,414 $ 894,076 Investments - - 1,704,234 1,704,234 TOTAL CASH AND INVESTMENTS $ 677,795 $ 23,867 $ 1,896,648 $ 2,598,310 — (This statement is continued on the following page.) - 89 - VILLAGE OF OAK BROOK,ILLINOIS INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS(Continued) For the Year Ended December 31,2013 •— Self- Capital Insurance Garage Replacement Total RECONCILIATION OF OPERATING INCOME ._ (LOSS)TO NET CASH FLOWS FROM OPERATING ACTIVITIES Operating income(loss) $ (153,141) $ 34,420 $ (83,200) $ (201,921) Depreciation - 14,460 404,040 418,500 Adjustments to reconcile operating income (loss)to net cash from operating activities Changes in assets and liabilities Accounts receivable 21,761 1,811 - 23,572 Prepaid items - - (882,333) (882,333) Inventories - (11,861) - (11,861) Accounts payable (276,286) (39,526) 200 (315,612) Accrued payroll and compensated absences 4,185 2,052 - 6,237 Unearned revenue 1,964 - - 1,964 Claims payable (17,744) - - (17,744) NET CASH FROM OPERATING ACTIVITIES $ (419,261) $ 1,356 $ (561,293) $ (979,198) (See independent auditor's report.) - - 90 - VILLAGE OF OAK BROOK,ILLINOIS SELF-INSURANCE FUND SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) _ 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual OPERATING REVENUES Charges for services $ 2,745,315 $ 2,745,315 $ 2,666,395 $ (78,920) $ 2,571,323 Total operating revenues 2,745,315 2,745,315 2,666,395 (78,920) 2,571,323 OPERATING EXPENSES Claims and insurance Insurance and administration 895,200 895,200 763,397 (131,803) 669,596 Health claims 1,900,000 1,905,255 1,905,253 (2) 2,266,488 Dental claims 175,000 169,745 150,886 (18,859) 168,243 Total operating expenses 2,970,200 2,970,200 2,819,536 (150,664) 3,104,327 OPERATING INCOME(LOSS) (224,885) (224,885) (153,141) 71,744 (533,004) ._ NON-OPERATING REVENUES (EXPENSES) Investment income 1,000 1,000 114 (886) 759 Total non-operating revenues (expenses) 1,000 1,000 114 (886) 759 INCOME(LOSS)BEFORE TRANSFERS (223,885) (223,885) (153,027) 70,858 (532,245) TRANSFERS Transfers in - - 515,000 515,000 - Transfers(out) - - - - (275,000) Total transfers - - 515,000 515,000 (275,000) CHANGE IN NET POSITION $ (223,885) $ (223,885) 361,973 $ 585,858 (807,245) NET POSITION,JANUARY 1 (25,076) 782,169 NET POSITION,DECEMBER 31 $ 336,897 $ (25,076) (See independent auditor's report.) - 91 - VILLAGE OF OAK BROOK,ILLINOIS GARAGEFUND SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual OPERATING REVENUES Charges for services $ 785,010 $ 785,010 $ 785,010 $ - $ 725,045 Total operating revenues 785,010 785,010 785,010 - 725,045 OPERATING EXPENSES EXCLUDING DEPRECIATION Garage operations _ Personnel 235,695 235,695 229,906 (5,789) 233,700 Materials and supplies 269,445 260,970 251,774 (9,196) 226,395 Operations and contractual 214,160 222,635 218,250 (4,385) 195,426 Expense reimbursements paid to other funds 36,200 36,200 36,200 - 35,000 Capital outlay - - 3,000 3,000 40,498 Total operating expenses excluding depreciation 755,500 755,500 739,130 (16,370) 731,019 OPERATING INCOME(LOSS) 29,510 29,510 45,880 16,370 (5,974) NON-OPERATING REVENUES (EXPENSES) Investment income 100 100 7 (93) 17 -- Miscellaneous income - - - - 2,238 Total non-operating revenues (expenses) 100 100 7 (93) 2,255 CHANGE IN NET POSITION- BUDGETARY BASIS $ 29,610 $ 29,610 45,887 $ 16,277 (3,719) ADJUSTMENTS TO GAAP BASIS Capital expenditures 3,000 40,498 Depreciation expense (14,460) (10,448) Total adjustments to GAAP basis (11,460) 30,050 CHANGE IN NET POSITION-GAAP BASIS 34,427 26,331 NET POSITION,JANUARY 1 106,607 80,276 NET POSITION,DECEMBER 31 $ 141,034 $ 106,607 (See independent auditor's report.) - 92 - VILLAGE OF OAK BROOK,ILLINOIS CAPITAL REPLACEMENT FUND SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) _ 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual _ OPERATING REVENUES Charges for services $ 331,750 $ 331,750 $ 331,750 $ - $ 335,490 Total operating revenues 331,750 331,750 331,750 - 335,490 OPERATING EXPENSES EXCLUDING _ DEPRECIATION Capital outlay 1,327,000 1,316,090 2,094,523 778,433 933,293 Miscellaneous - 10,910 10,910 - 5,064 Total operating expenses excluding depreciation 1,327,000 1,327,000 2,105,433 778,433 938,357 OPERATING INCOME(LOSS) (995,250) (995,250) (1,773,683) 778,433 (602,867) NON-OPERATING REVENUES (EXPENSES) -- Investment income 12,500 12,500 10,748 (1,752) 10,580 Gain(loss)on sale of capital assets 40,000 40,000 (29,839) (69,839) 71,058 Total non-operating revenues (expenses) 52,500 52,500 (19,091) (71,591) 81,638 CHANGE IN NET POSITION- _ BUDGETARY BASIS $ (942,750) $ 242,750 (1,792,774) $ (850,024) (521,229) ADJUSTMENTS TO GAAP BASIS Capital expenditures 2,094,523 933,293 Depreciation expense (404,040) (371,025) Total adjustments to GAAP basis 1,690,483 562,268 CHANGE IN NET POSITION-GAAP BASIS (102,291) 41,039 NET POSITION,JANUARY 1 5,135,678 5,094,639 — NET POSITION,DECEMBER 31 $ 5,033,387 $ 5,135,678 (See independent auditor's report.) - 93 - PENSION TRUST FUNDS Police Pension Fund - to account for the accumulation of resources to pay pension costs. Resources are contributed by sworn police personnel at rates fixed by state statutes and by the Village as a percentage of payroll based upon an annual actuarial valuation. -- Firefighters' Pension Fund - to account for the accumulation of resources to pay pension costs. Resources are contributed by sworn fire personnel at rates fixed by state statutes and by the Village as a percentage of payroll based upon an annual actuarial valuation. VILLAGE OF OAK BROOK,ILLINOIS FIDUCIARY FUNDS COMBINING STATEMENT OF PLAN NET POSITION December 31, 2013 — Pension Trust Police Firefighters' Pension Pension Total — ASSETS Cash $ 25,522 $ 30,186 $ 55,708 — Investments Illinois Funds 27,990 - 27,990 _ Money market mutual funds 2,605,312 2,004,305 4,609,617 U.S. Treasury securities 1,002,810 384,548 1,387,358 U.S. agency securities 4,897,749 4,393,562 9,291,311 — State and local obligations 1,152,858 1,102,428 2,255,286 Corporate bonds 3,957,074 3,084,289 7,041,363 Mutual funds 18,797,595 13,406,398 32,203,993 — Equities 12,255 - 12,255 Accrued interest receivable 102,023 90,606 192,629 Prepaid expenses 2,877 1,090 3,967 — Total assets 32,584,065 24,497,412 57,081,477 LIABILITIES Accounts payable 9,738 7,421 17,159 Total liabilities 9,738 7,421 17,159 NET POSITION HELD IN TRUST FOR PENSION PLAN BENEFITS $ 32,574,327 $ 24,489,991 $ 57,064,318 (See independent auditor's report.) - 94 - VILLAGE OF OAK BROOK,ILLINOIS FIDUCIARY FUNDS COMBINING STATEMENT OF CHANGES IN PLAN NET POSITION For the Year Ended December 31, 2013 Pension Trust Police Firefighters' Pension Pension Total ADDITIONS Contributions Employer $ 1,171,537 $ 1,057,081 $ 2,228,618 Employee 351,137 258,613 609,750 Other 24 - 24 -- Total contributions 1,522,698 1,315,694 2,838,392 Investment income Net appreciation in fair value of investments 2,353,787 1,037,254 3,391,041 Interest 1,098,726 944,925 2,043,651 Total investment income 3,452,513 1,982,179 5,434,692 Less investment expense (79,277) (62,989) (142,266) Net investment income 3,373,236 1,919,190 5,292,426 Total additions 4,895,934 3,234,884 8,130,818 DEDUCTIONS Benefits and refunds 2,093,848 2,040,745 4,134,593 Administrative 31,006 55,296 86,302 Total deductions 2,124,854 2,096,041 4,220,895 NET INCREASE 2,771,080 1,138,843 3,909,923 NET POSITION HELD IN TRUST FOR PENSION BENEFITS January 1 29,803,247 23,351,148 53,154,395 December 31 $ 32,574,327 $ 24,489,991 $ 57,064,318 (See independent auditor's report.) - 95 - VILLAGE OF OAK BROOK,ILLINOIS POLICE PENSION FUND SCHEDULE OF CHANGES IN PLAN NET POSITION-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual ADDITIONS Contributions Employer $ 1,087,855 $ 1,087,855 $ 1,171,537 $ 83,682 $ 977,367 Employee 375,000 375,000 351,137 (23,863) 483,678 Other - - 24 24 3,126 Total contributions 1,462,855 1,462,855 1,522,698 59,843 1,464,171 Investment income Net appreciation(depreciation) in fair value of investments - - 2,353,787 2,353,787 1,145,655 Interest 2,100,000 2,100,000 1,098,726 (1,001,274) 1,326,117 Total investment income 2,100,000 2,100,000 3,452,513 1,352,513 2,471,772 Less investment expense (82,500) (82,500) (79,277) 3,223 (81,787) Net investment income 2,017,500 2,017,500 3,373,236 1,355,736 2,389,985 Total additions 3,480,355 3,480,355 4,895,934 1,415,579 3,854,156 DEDUCTIONS Benefits and refunds 2,045,000 2,045,000 2,093,848 48,848 1,940,356 Administrative 45,330 45,330 31,006 (14,324) 33,536 Total deductions 2,090,330 2,090,330 2,124,854 34,524 1,973,892 NET INCREASE(DECREASE) $ 1,390,025 $ 1,390,025 2,771,080 $ 1,381,055 1,880,264 NET POSITION HELD IN TRUST FOR PENSION BENEFITS January 1 29,803,247 27,922,983 December 31 $ 32,574,327 $ 29,803,247 (See independent auditor's report.) - 96 - VILLAGE OF OAK BROOK,ILLINOIS FIREFIGHTERS'PENSION FUND SCHEDULE OF CHANGES IN PLAN NET POSITION-BUDGET AND ACTUAL For the Year Ended December 31,2013 (With Comparative Actual) 2013 Variance Original Final Over 2012 Budget Budget Actual (Under) Actual ADDITIONS Contributions Employer $ 1,015,975 $ 1,015,975 $ 1,057,081 $ 41,106 $ 1,001,528 Employee 265,000 265,000 258,613 (6,387) 261,795 Total contributions 1,280,975 1,280,975 1,315,694 34,719 1,263,323 Investment income Net appreciation(depreciation) in fair value of investments - - 1,037,254 1,037,254 1,251,705 Interest 1,900,000 1,900,000 944,925 (955,075) 743,395 Total investment income 1,900,000 1,900,000 1,982,179 82,179 1,995,100 Less investment expense - - (62,989) (62,989) (64,838) Net investment income 1,900,000 1,900,000 1,919,190 19,190 1,930,262 Total additions 3,180,975 3,180,975 3,234,884 53,909 3,193,585 DEDUCTIONS Benefits and refunds 2,100,000 2,100,000 2,040,745 (59,255) 1,959,549 Administrative 115,505 115,505 55,296 (60,209) 38,060 Total deductions 2,215,505 2,215,505 2,096,041 (119,464) 1,997,609 NET INCREASE(DECREASE) $ 965,470 $ 965,470 1,138,843 $ 173,373 1,195,976 NET POSITION HELD IN TRUST FOR PENSION BENEFITS January 1 23,351,148 22,155,172 December 31 $ 24,489,991 $ 23,351,148 (See independent auditor's report.) - 97 - STATISTICAL SECTION This part of the Village of Oak Brook, Illinois comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures and required supplementary information says about the Village's overall financial health. Contents Page Financial Trends These schedules contain trend information to help the reader understand how the Village's financial performance and well-being have changed over time. 98-107 Revenue Capacity -- These schedules contain information to help the reader assess the Village's ability to generate its property and sales taxes. 108-111 Debt Capacity These schedules present information to help the reader assess the affordability of the Village's current levels of outstanding debt and the Village's ability to issue additional debt in the future. 112-114 Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the Village's financial activities take place and to help make comparisons over time and with other governments. 115-123 _ Operating Information These schedules contain information about the Village's operations and resources to help the reader understand how the Village's financial — information relates to the services the Village provides and the activities it performs. 124-126 -� Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. VILLAGE OF OAK BROOK,ILLINOIS NET POSITION BY COMPONENT Last Ten Fiscal Years Fiscal Year 2004 2005 2006 GOVERNMENTAL ACTIVITIES -- Net investment in capital assets $ 61.8 $ 63.3 $ 63.0 Restricted 0.9 0.6 - Unrestricted 15.8 16.2 17.7 TOTAL GOVERNMENT ACTIVITIES $ 78.5 $ 80.1 $ 80.7 BUSINESS-TYPE ACTIVITIES Net investment in capital assets $ 24.0 $ 23.8 $ 23.3 Restricted - - - _ Unrestricted 2.5 4.0 5.0 TOTAL BUSINESS-TYPE ACTIVITIES $ 26.5 $ 27.8 $ 28.3 PRIMARY GOVERNMENT Net investment in capital assets $ 85.8 $ 87.1 $ 86.3 _ Restricted 0.9 0.6 - Unrestricted 18.3 20.2 22.7 TOTAL PRIMARY GOVERNMENT $ 105.0 $ 107.9 $ 109.0 Data Source Audited Financial Statements Data in millions - 98 - 2007 2008 2009 2010 2011 2012 2013 $ 62.4 $ 61.6 $ 60.6 $ 55.3 $ 56.2 $ 57.6 $ 59.3 - - - 3.5 9.4 9.4 9.8 19.7 22.7 16.9 17.4 13.7 14.0 13.3 -- $ 82.1 $ 84.3 $ 77.5 $ 76.2 $ 79.3 $ 81.0 $ 82.4 �- $ 22.7 $ 24.5 $ 24.5 $ 26.5 $ 28.5 $ 30.0 $ 29.6 7.0 5.8 5.5 3.6 1.8 1.2 4.6 $ 29.7 $ 30.3 $ 30.0 $ 30.1 $ 30.3 $ 31.2 $ 34.2 $ 85.1 $ 86.1 $ 85.1 $ 81.8 $ 84.7 $ 87.6 $ 88.9 - - - 3.5 9.4 9.4 9.8 -- 26.7 28.5 22.4 21.0 15.5 15.2 17.9 $ 111.8 $ 114.6 $ 107.5 $ 106.3 $ 109.6 $ 112.2 $ 116.6 - 99 - VILLAGE OF OAK BROOK,ILLINOIS CHANGE IN NET POSITION Last Ten Fiscal Years Fiscal Year 2004 2005 2006 EXPENSES Governmental activities General government $ 4.5 $ 4.3 $ 4.7 -. Public safety 10.1 11.3 12.0 Public works 3.7 4.6 4.1 Culture and recreation 1.7 1.7 1.9 Interest on long-term debt 0.2 0.1 0.1 ` Total governemntal activities expenses 20.2 22.0 22.8 Business-type activities Water 4.3 4.5 3.9 Sports Core 3.4 3.4 3.7 Total business-type activities expenses 7.7 7.9 7.6 TOTAL PRIMARY GOVERNMENT EXPENSES $ 27.9 $ 29.9 $ 30.4 PROGRAM REVENUES Governmental activities Charges for services General government $ 1.2 $ 1.1 $ 1.2 Public safety 0.8 0.8 0.8 Other activities 0.0 0.0 0.0 Operating grants and contributions 0.4 2.8 0.3 Capital grants - - - Total governmental activities program revenues 2.4 4.7 2.3 Business-type activities Charges for services Water 4.0 4.5 4.4 ` Sports Core 3.3 3.4 3.6 Total business-type activities program revenues 7.3 7.9 8.0 TOTAL PRIMARY GOVERNMENT PROGRAMS REVENUES $ 9.7 $ 12.6 $ 10.3 NET REVENUE(EXPENSE) Governmental activities $ (17.8) $ (17.3) $ (20.5) Business-type activities (0.4) - 0.4 TOTAL PRIMARY GOVERNMENT NET REVENUE(EXPENSE) $ (18.2) $ (17.3) $ (20.1) _ 100 - 5'OZ $ 17'IZ $ L'6I $ I'OZ $ 8'8Z $ (L'IZ) $ (17'OZ) $ 17'0 0'T Z'0 - Z'0 I'0 £'0 (6'OZ) $ (17'ZZ) $ (6'61) $ (['OZ) $ (9'8Z) $ (9'IZ) $ (L'OZ) $ Z'17I $ 6'Zl $ 8'11 $ I'll $ 9'6 $ ['0[ $ S'II $ ['0[ 6'6 Z'8 9'L £'L 9'L 178 Z'£ Z'£ 67 S'Z C£ 9'£ 8'£ 6'9 L'9 £'S I'S 0'17 0'17 9'17 ['17 0'£ 9'£ S'£ £'Z SZ T'£ 9,0 - L'0 L'0 - - - 17'0 £'0 £'0 £'0 £'0 17'0 9'0 - - - - I'0 0'0 0'0 I'T I'I S'I I'I 8'0 8'0 60 FZ $ 9'I $ I'I $ VI $ I'I $ £'[ $ Cl $ L'17£ $ £'17£ $ 9'I£ $ Z'[£ $ 17'8£ $ 8'I£ $ 6'I£ $ L'6 6'8 0,8 9'L S'L L'L ['8 V£ £'£ I'£ I'£ S'£ 8'£ L'£ _ £'9 9'9 6'17 9'17 0'17 6'£ 17'17 O*SZ 17,9Z 5'£Z 9'£Z 6'0£ I'17Z 8'£Z 17'0 17'0 17'0 17'0 F0 1'0 i'0 8'I 8'[ L'I L'I L'I 0'Z 81 8'17 1'9 617 17'17 6I1 Z'£ £'17 LEI 17'£I £'Z[ Z*£I 611 97I £'ZT £T $ LE $ Z'17 $ 6£ $ £'S $ Z'9 $ £'S $ £TOZ ZTOZ TTOZ 0[OZ 60OZ 8002 LOOZ VILLAGE OF OAK BROOK,ILLINOIS CHANGE IN NET POSITION(Continued) Last Ten Fiscal Years Fiscal Year 2004 2005 2006 GENERAL REVENUES AND OTHER CHANGES IN NET POSITION Governmental activities Taxes Sales and local use taxes $ - $ 13.0 $ 14.2 Utility - 4.3 3.8 Other - 1.6 1.5 Investment earnings - - 0.7 Miscellaneous - - 0.2 Total governmental activities - 18.9 20.4 Business-type activities Investment earnings - 0.1 0.2 Miscellaneous - 1.1 - Transfers - - - Total business-type activities - 1.2 0.2 TOTAL PRIMARY GOVERNMENT $ - $ 20.1 $ 20.6 CHANGE IN NET POSITION Governmental activities $ - $ 1.6 $ (0.1) Business-type activities (0.4) 1.2 0.6 TOTAL PRIMARY GOVERNMENT CHANGE IN NET POSITION $ (0.4) $ 2.8 $ 0.5 _ Data Source Audited Financial Statements Data in millions - 102 - - £Oi - S'b $ L'Z $ 0'£ $ 0'£ $ (I'L) $ 97 $ 87 $ 9'0 0'I - I'0 Z-0 £'0 b'I + 6'£ $ L'i $ 0'£ $ I'£ $ (6'9) $ £'Z $ b'1 $ 0'9Z $ 1'17Z $ 67Z $ I'£Z $ L'iZ $ £'hZ $ Z'£Z $ Z'0 - - 1'0 - ti'O I'i Z'0 - - - - - - (I'0) - Z'0 8'0 Z'0 £'0 _ 8't7Z I'VZ 67Z Z'£Z L'IZ 6'£Z i'ZZ - - £'0 Z'0 I'0 - - I'0 i'0 9'0 8'0 b'Z S'Z Z'Z £'Z S'Z S'Z S'Z 0'9 617 L'ti 07 6't, S'b Z'b £'L1 $ L'9I $ 0'9I $ I'91 $ Z'bt $ I'9I $ V'bi $ £IOZ ZTOZ TIOZ OIOZ 60OZ 8002 LOOZ VILLAGE OF OAK BROOK,ILLINOIS FUND BALANCES OF GOVERNMENTAL FUNDS Last Ten Fiscal Years Fiscal Year 2004 2005 2006 GENERAL FUND Reserved $ 1,292,859 $ 1,291,561 $ 1,292,073 Unreserved 9,949,121 11,651,504 11,731,876 Nonspendable - - - Restricted - - Unrestricted Committed - - - Assigned - - - Unassigned - - - _ TOTAL GENERAL FUND $ 11,241,980 $ 12,943,065 $ 13,023,949 INFRASTRUCTURE FUND r Unreserved $ 2,996,267 $ 1,696,960 $ 1,919,422 Nonspendable - - - Restricted - - - TOTAL INFRASTRUCTURE FUND $ 2,996,267 $ 1,696,960 $ 1,919,422 ALL OTHER GOVERNMENTAL FUNDS Restricted $ - $ - $ - Unreserved,reported in Special Revenue Funds 850,871 609,248 780,902 Capital Project Fund - - 15,156 TOTAL ALL OTHER GOVERNMENTAL _ FUNDS $ 850,871 $ 609,248 $ 796,058 Note: GASB Statement No.54 was implemented in 2010 and applied prospectively on this schedule. Data Source Audited Financial Statements _ - 104 - 2007 2008 2009 2010 2011 2012 2013 $ 1,291,112 $ 1,291,975 $ 1,495,000 $ - $ - $ - $ - 12,152,083 11,493,855 10,787,853 - - - - - - - 1,917,000 2,087,000 2,545,898 168,016 364,483 224,878 224,878 - - - 102,525 11,708,050 13,532,992 14,772,181 15,902,982 $ 13,443,195 $ 12,785,830 $ 12,282,853 $ 13,625,050 $ 15,984,475 $ 17,542,957 $ 16,398,401 $ 2,110,918 $ 4,792,595 $ 4,682,620 $ - $ - $ - $ - - - - 337,699 - - - - - - 5,004,945 5,864,870 5,398,644 5,152,351 $ 2,110,918 $ 4,792,595 $ 4,682,620 $ 5,342,644 $ 5,864,870 $ 5,398,644 $ 5,152,351 $ - $ - $ - $ 3,672,971 $ 3,451,553 $ 3,924,483 $ 4,560,128 1,365,470 2,225,973 2,986,576 - - - - 17,407 136,330 225,075 - - - - $ 1,382,877 $ 2,362,303 $ 3,211,651 $ 3,672,971 $ 3,451,553 $ 3,924,483 $ 4,560,128 - 105 - VILLAGE OF OAK BROOK,ILLINOIS CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS Last Ten Fiscal Years Fiscal Year 2004 2005 2006 -- REVENUES Sales tax revenue $ 10,529,690 $ 10,497,102 $ 11,461,184 Non-home rule sales tax 1,304,467 2,422,549 2,641,030 Other intergovernmental 1,321,112 1,513,492 1,535,507 Utility taxes 4,298,744 4,268,283 3,822,020 Hotel/motel taxes 323,325 349,615 416,507 Licenses and permits 741,528 669,726 858,401 Charges for services 745,027 791,638 835,390 Fines and penalties 401,616 334,869 292,331 Investment income 104,869 286,859 562,590 Donations - 15,000 25,311 Miscellaneous 176,630 166,340 190,225 Total revenues 19,947,008 21,315,473 22,640,496 EXPENDITURES _ General government 4,769,485 4,070,435 5,052,804 Public safety 9,590,916 11,158,837 12,047,821 Public works 2,023,984 2,954,815 2,338,619 _ Culture and recreation 1,563,457 1,594,661 1,855,514 Capital outlay 1,009,984 1,001,532 855,582 Debt service Principal - - - Interest and issuance costs - - - Total expenditures 18,957,826 20,780,280 22,150,340 EXCESS(DEFICIENCY)OF REVENUES OVEREXPENDIUTRES 989,182 535,193 490,156 OTHER FINANCING SOURCES(USES) Transfers in - - - Transfers(out) - - - _ Debt issuance - - - Debt issuance premium - - - Payment to refund bond escrow agent - - - Sale of capital assets - - - Total other financing sources(uses) - - - NET CHANGE IN FUND BALANCES $ 989,182 $ 535,193 $ 490,156 DEBT SERVICES AS A PERCENTAGE OF NONCAPITAL EXPENDITURES 0.00% 0.00% 0.00% Data Source Audited Financial Statements - 106 - 2007 2008 2009 2010 2011 2012 2013 $ 11,396,397 $ 10,873,975 $ 9,748,649 $ 11,121,649 $ 11,070,404 $ 11,326,929 $ 11,385,834 2,618,565 4,874,978 4,410,438 4,833,425 4,833,972 5,230,137 5,171,232 1,711,638 1,893,862 1,771,733 2,545,066 2,411,395 1,841,378 2,530,416 4,247,675 4,520,563 4,922,115 4,669,414 4,657,683 4,900,869 5,047,306 1,262,808 1,137,614 882,649 881,887 853,638 940,008 964,684 850,965 720,847 741,380 843,139 948,872 1,201,998 1,686,269 832,008 839,504 695,630 943,638 1,089,783 970,778 1,021,858 375,717 345,937 313,395 229,246 248,120 231,865 184,959 682,728 431,753 80,345 110,837 31,018 47,363 86,287 45,150 - - - - - - 281,864 391,106 403,580 532,891 323,742 355,548 364,452 24,305,515 26,030,139 23,969,914 26,711,192 26,468,627 27,046,873 28,443,297 5,529,429 5,846,600 4,932,449 3,522,790 3,319,839 3,600,061 4,289,515 12,156,303 12,280,965 11,496,681 12,536,938 11,755,031 12,986,730 13,440,798 2,460,937 2,394,176 10,458,211 4,036,771 4,698,190 4,706,731 4,457,705 1,746,352 2,011,660 1,596,440 1,536,853 1,569,377 1,638,863 1,684,276 1,214,933 493,000 994,776 382,039 281,457 607,097 - - - 1,706,163 1,769,263 1,827,087 1,842,163 1,876,754 - - 95,415 462,997 386,259 375,042 362,129 23,107,954 23,026,401 31,280,135 24,247,651 23,837,240 25,756,687 26,111,177 1,197,561 3,003,738 (7,310,221) 2,463,541 2,631,387 1,290,186 2,332,120 - - - - - 275,000 - - - - - (725,324) 9,788,606 - - - - _ - - 8,861 - - - - (2,250,850) - - - - - - 28,846 - - -- - - 7,546,617 - 28,846 275,000 (725,324) $ 1,197,561 $ 3,003,738 $ 236,396 $ 2,463,541 $ 2,660,233 $ 1,565,186 $ 1,606,796 0.00% 0.00% 5.81% 9.42% 9.55% 8.75% 9.11% - 107 - VILLAGE OF OAK BROOK,ILLINOIS ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Levy Years (data in thousands) Total Estimated Estimated Less: Total Taxable Direct Actual Actual Levy Residential Commercial Industrial Tax-Exempt Assessed Tax Taxable Taxable Year Property Property Property Property Value Rate Value Value 2003 $ 793,873 $ 533,227 $ - $ - $ 1,327,100 $ - $ 3,981,300 33.333% 2004 869,932 555,935 - - 1,425,867 - 4,277,601 33.333% 2005 934,030 547,901 - - 1,481,931 - 4,445,793 33.333% 2006 1,011,883 566,390 - - 1,578,273 - 4,734,819 33.333% 2007 1,089,808 598,096 - - 1,687,904 - 5,063,712 33.333% 2008 1,179,126 607,923 - - 1,787,049 - 5,361,147 33.333% 2009 1,176,749 562,531 - - 1,739,280 - 5,217,840 33.333% 2010 1,088,414 511,191 - - 1,599,605 - 4,798,815 33.333% 2011 1,003,641 490,189 - - 1,493,830 - 4,481,490 33.333% 2012 910,922 448,374 - - 1,359,296 - 4,077,888 33.333% Note:Property in the Village is reassessed each year. Property is assessed at 33%of actual value. Data Source Office of the County Clerk i v - 108 - VILLAGE OF OAK BROOK,ILLINOIS PROPERTY TAX RATES -DIRECT AND OVERLAPPING GOVERNMENTS Last Ten Levy Years Tax Levy Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Tax Rates Village of Oak Brook $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Basic Town 0.4375 0.4120 0.3961 0.3878 0.3662 0.3567 0.3579 0.3956 0.4166 0.4567 Junior College#502 0.2097 0.1972 0.1874 0.1929 0.1888 0.1858 0.2127 0.2349 0.2495 0.2681 Grade School#53 0.8984 0.8527 0.8530 0.8319 0.8060 0.7936 0.8159 0.9164 1.0099 1.1465 High School#86 1.3094 1.2310 1.1910 1.1418 1.0943 1.0804 1.0948 1.2011 1.3362 1.4984 Oak Brook Park District 0.1666 0.1589 0.1621 0.1583 0.1530 0.1504 0.1555 0.1659 0.1904 0.2174 TOTAL TAX RATES $ 3.0216 $2.8518 $2.7896 $2.7127 $2.6083 $2.5669 $ 2.6368 $2.9139 $ 3.2026 $ 3.5871 Note: Basic Town includes all county, forest preserve and township rates. Property tax rates are per$100 of assessed valuation. Data Source Office of the County Clerk - 109 - VILLAGE OF OAK BROOK,ILLINOIS PRINCIPAL REVENUE TAXPAYERS Current Year and Nine Years Ago 2013 2004 Sales Sales Taxes Taxes Taxpayer Revenue Taxpayer Revenue Apple Computer Costco Wholesale Costco Wholesale Crate&Barrel Lord&Taylor LLC Lord&Taylor LLC _ Macy's Maggiano's Little Italy Neiman Marcus Neiman Marcus Nordstrom,Inc. Nordstrom,Inc. ` Nordstrom Rack Nordstrom Rack Pharmerica Drug Systems Sears Roebuck&Co. Sears Roebuck&Co. Targe Corporation _ Tiffany&Co. Tiffany&Co. TOP TEN TOTAL $ 5,729,403 TOP TEN TOTAL $ 4,714,720 TOTAL SALES TAX REVENUE $ 11,641,063 TOTAL SALES TAX REVENUE $ 9,570,001 TOP TEN AS A PERCENT OF TOP TEN AS A PERCENT OF SALES TAX REVENUE 49.22% SALES TAX REVENUE 49.27% Note: Confidentiality rules of the Illinois Department of Revenue prohibit disclosure of individual taxpayer payment information. The data presented above is organized alphabetically with revenue for the top ten taxpayers reported in aggregate for the years presented. Data Source Illinois Department of Revenue VILLAGE OF OAK BROOK,ILLINOIS DIRECT AND OVERLAPPING SALES TAX RATES Last Ten Fiscal Years Village DuPage County Regional Village Fiscal Direct State DuPage County Water Transportation Non-Home Rule Total Year Rate Rate Rate Commission Authority Rate Rate 2004 1.00% 5.00% 0.25% 0.25% 0.25% 0.25% 7.00% 2005 1.00% 5.00% 0.25% 0.25% 0.25% 0.25% 7.00% 2006 1.00% 5.00% 0.25% 0.25% 0.25% 0.25% 7.00% 2007 1.00% 5.00% 0.25% 0.25% 0.25% 0.25% 7.00% 2008 1.00% 5.00% 0.25% 0.25% 0.75% 0.50% 7.75% 2009 1.00% 5.00% 0.25% 0.25% 0.75% 0.50% 7.75% 2010 1.00% 5.00% 0.25% 0.25% 0.75% 0.50% 7.75% 2011 1.00% 5.00% 0.25% 0.25% 0.75% 0.50% 7.75% 2012 1.00% 5.00% 0.25% 0.25% 0.75% 0.50% 7.75% 2013 1.00% 5.00% 0.25% 0.25% 0.75% 0.50% 7.75% Data Source Village and County Records VILLAGE OF OAK BROOK,ILLINOIS RATIOS OF OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years Govermental Business-Type Activities Activities Ratio of Total Total Total Fiscal Installment Installment Total Outstanding Debt Outstanding Outstanding Year Notes Notes Capital Primary To Equalized Debt Per Debt Per _ Ended Payable Payable Leases Government Assessed Valuation" Personal Income Capita* 2004 $ 3,195,000 $ 1,205,000 $ - $ 4,400,000 0.33% 0.30% $ 506 2005 2,970,000 1,045,000 120,643 4,135,643 0.29% 0.28% 475.25 2006 2,735,000 885,000 82,378 3,702,378 0.25% 0.25% 425.46 2007 2,485,000 720,000 42,195 3,247,195 0.21% 0.22% 373.16 2008 2,225,000 525,000 - 2,750,000 0.16% 0.19% 316.02 2009 12,332,443 325,000 - 12,657,443 0.71% 0.86% 1,454.54 2010 10,563,180 731,511 - 11,294,691 0.65% 0.76% 1,297.94 2011 8,736,093 462,674 - 9,198,767 0.58% 0.89% 1,166.91 2012 6,984,930 168,837 - 7,153,767 0.48% 0.69% 907.49 2013 5,017,176 - - 5,017,176 0.37% 0.48% 636.46 ... * See the schedule of Demographic and Economic Information on page 114 for personal income and population data. Note:Details of the Village's outstanding debt can be found in the notes to financial statements. VILLAGE OF OAK BROOK,ILLINOIS SCHEDULE OF DIRECT AND OVERLAPPING BONDED DEBT December 31, 2013 (2) *Percentage (1) of Debt (3) Gross Applicable to **Government's Governmental Unit Debt Government Share of Debt — DIRECT DEBT Village of Oak Brook $ 5,017,176 100.00% $ 5,017,176 OVERLAPPING DEBT DuPage County 283,911,881 3.92% 11,129,346 DuPage Forest Preserve 233,321,462 3.92% 9,146,201 DuPage Water Commission - 4.34% - Park Districts 2,534,733 98.56% 2,498,233 — Elementary School Districts 87,835,982 3.53% 3,100,610 High School Districts 190,585,000 8.89% 16,943,007 Junior College 502 322,425,000 4.06% 13,090,455 Unit District 205 65,278,936 5.46% 3,564,230 Total overlapping debt 1,185,892,994 59,472,082 TOTAL $ 1,190,910,170 $ 64,489,258 * Determined by ratio of assessed value of property subject to taxation in overlapping unit to value of property subject to taxation in the Village. **Amount in column (2)multiplied by amount in column(1). Totals may not be exact due to rounding. Data Source -- Office of the County Clerk - 113 - VILLAGE OF OAK BROOK,ILLINOIS LEGAL DEBT MARGIN INFORMATION Last Ten Fiscal Years Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Legal debt limit $ 114,462,334 $ 122,938,821 $ 127,816,578 $ 136,066,752 $ 145,581,763 $ 154,132,970 $ 150,013,021 $ 137,966,087 $ 128,842,981 $ 117,890,946 Total net debt applicable to limit 4,400,000 4,015,000 3,620,000 3,205,000 2,750,000 2,400,000 2,055,000 1,710,000 1,335,000 1,080,000 Legal debt margin 110,062,334 118,923,821 124,196,578 132,921,063 142,831,763 151,732,970 147,958,021 136,256,087 127,507,981 116,810,946 Total net debt applicable to the limit as a percentage of debt limit 3.84% 3.27% 2.83% 2.35% 1.89% 1.56% 1.37% 1.24% 1.04% 0.92% Legal Debt Margin Calculation for Fiscal 2013 Assessed Value $ 1,366,851,548 Legal debt margin 8.625% Debt limit 117,890,946 Debt applicable to limit General obligation bonds 1,080,000 LEGAL DEBT MARGIN $ 116,810,946 - I I I I I I I I I I I I ( ( ( I I 1 I VILLAGE OF OAK BROOK,ILLINOIS DEMOGRAPHIC AND ECONOMIC INFORMATION Last Ten Fiscal Years Per Capita Total DuPage County Fiscal Personal Personal Unemployment Year Population Income Income Rate 2004 8,702 (E) $ 169,718 $ 1,476,886,036 4.7% 2005 8,702 (E) 169,718 1,476,886,036 4.7% 2006 8,702 (E) 169,718 1,476,886,036 3.6% 2007 8,702 (E) 169,718 1,476,886,036 3.8% 2008 8,702 (E) 169,718 1,476,886,036 8.6% 2009 8,702 (E) 169,718 1,476,886,036 8.4% 2010 8,702 (E) 169,718 1,476,886,036 8.3% 2011 7,883 (A) 131,719 1,038,340,877 7.3% 2012 7,883 (E) 131,719 1,038,340,877 7.3% 2013 7,883 (E) 131,719 1,038,340,877 N/A (A)Actual (E)Estimate N/A-Not available Note: Latest information available Data Source U.S.Bureau of Labor Statistics - 115 - VILLAGE OF OAK BROOK, ILLINOIS PRINCIPAL EMPLOYERS Current Year and Seven Years Ago 2013 2006 Percentage of Percentage of Total Village Total Village Employer Rank Employees Population Rank Employees Population McDonald's Corporation 1 3,150 40.0% 2 2,800 32.2% Oak Brook Center Mall 2 3,014 38.2% 1 3,500 40.2% Inland Real Estate Group of Companies 3 877 11.1% Ace Hardware Corporation 4 862 10.9% 3 1,000 11.5% Advocate Healthcare 5 793 10.1% 4 580 6.7% Follet Higher Education Group 6 475 6.0% ADT Security Services, Inc. 7 367 4.7% Newell Rubbermaid 8 280 3.6% Lions Club International 9 210 2.7% 8 300 3.4% Blistex, Inc. 10 200 2.5% 10 175 2.0% Safeway, Inc. 5 400 4.6% Elkay Manufacturing 7 325 3.7% Federal Signal Corporation 9 200 2.3% Data Source A-Z Database; Selective Telephone Survey Information prior to 2006 was unavailable. - 116 - I ! I 1 I ( I I I 1 I I I I I I I I VILLAGE OF OAK BROOK,ILLINOIS RETAIL SALES VOLUME - TOP 25 ILLINOIS COMMUNITIES State Collection Period January 1, 2013 Through December 31, 2013 - (1) Estimated Sales 2012 Municipality Rank Sales Per Capita Population Chicago 1 $ 25,389,613,700 $ 9,419 2,695,598 Schaumburg 2 3,188,666,400 22,479 141,853 Naperville 3 3,046,592,800 41,044 74,227 Springfield 4 2,704,812,900 23,267 116,250 Peoria 5 2,264,865,500 11,445 197,899 Rockford 6 2,250,038,900 14,719 152,871 Aurora 7 2,169,004,700 18,860 115,007 - Joliet 8 1,988,583,200 13,488 147,433 Orland Park 9 1,925,974,000 33,928 56,767 Kankakee 10 1,916,964,900 69,614 27,537 Champaign 11 1,579,433,000 19,486 81,055 Niles 12 1,486,360,900 49,873 29,803 _ Bloomington 13 1,408,138,700 18,381 76,610 Skokie 14 1,371,826,300 30,695 44,692 Glenview 15 1,345,651,600 20,771 64,784 Vernon Hills 16 1,280,730,900 50,999 25,113 Gurnee 17 1,257,690,100 22,180 56,703 Tinley Park 18 1,235,875,300 39,491 31,295 Downers Grove 19 1,201,558,100 25,120 47,833 Decatur 20 1,177,422,300 15,468 76,122 Sycamore 21 1,112,969,000 63,529 17,519 Oak Brook 22 1,110,317,900 140,850 7,883 Lombard 23 1,106,396,200 14,732 75,101 Arlington Heights 24 1,101,621,800 25,521 43,165 Crystal Lake 25 1,038,266,300 25,483 40,743 Data Source Illinois Department of Revenue -Local Tax Allocation Division and the U.S. Census Bureau. (1) Distributions to municipalities of the 1%municipal tax were used to calculate the estimated retail sales. Actual sales tax amounts were received by the municipalities February 1, 2012 through January 31, 2013. - 117 - VILLAGE OF OAK BROOK,ILLINOIS SALES TAX RECEIPTS-CASH BASIS Last Ten Fiscal Years Fiscal Year Village Share/ %Change from Non-Home Rule %Change from Total %Change froi Ended State Sales Preceding Sales Tax Preceding Sales Tax Preceding December 31, Tax Receipts Year Receipts Year Receipts Year 2004 $ 10,368,148 3.5% $ 568,008 N/A $ 10,936,156 9.2% 2005 10,572,493 2.0% 2,422,386 326.5% 12,994,879 18.8% 2006 11,138,321 5.4% 2,559,593 5.7% 13,697,914 5.4% 2007 11,340,036 1.8% 2,608,471 1.9% 13,948,507 1.8% 2008 11,066,103 -2.4% 4,272,671 63.8% 15,338,774 10.0% 2009 10,024,077 -9.4% 4,447,786 4.1% 14,471,863 -5.7% 2010 10,457,375 4.3% 4,703,153 5.7% 15,160,528 4.8% 2011 11,048,561 5.7% 4,939,565 5.0% 15,988,126 5.5% 2012 11,147,846 0.9% 5,132,229 3.9% 16,280,075 1.8% 2013 11,641,063 4.4% 5,171,736 0.8% 16,812,799 3.3% Note: The Village's non-home rule sales tax was effective beginning July 1,2004. Data Source Village Records r VILLAGE OF OAK BROOK,ILLINOIS STATE SALES TAX RECEIPTS BY MONTH-CASH BASIS Last Four Fiscal Years Percentage Change Fiscal Year Fiscal Year Fiscal Year Fiscal Year From Preceding Year Month Ended 12/31/10 Ended 12/31/11 Ended 12/31/12 Ended 12/31/13 FY 2011 FY 2012 FY 2013 January $ 819,895 $ 895,308 $ 861,209 $ 871,423 9.2% -3.8% 1.2% February 876,670 956,493 940,756 968,174 9.1% -1.6% 2.9% March 1,371,070 1,477,682 1,537,599 1,564,960 7.8% 4.1% 1.8% April 645,058 666,930 723,341 810,073 3.4% 8.5% 12.0% May 640,940 695,977 754,571 792,731 8.6% 8.4% 5.1% June 838,005 871,520 914,767 887,312 4.0% 5.0% -3.0% July 799,994 877,924 835,975 851,415 9.7% -4.8% 1.8% August 858,726 933,061 905,677 917,736 8.7% -2.9% 1.3% September 841,099 926,998 820,913 956,861 10.2% -11.4% 16.6% October 930,821 900,670 859,114 947,429 -3.2% 4.6% 10.3% November 951,035 938,459 1,020,879 1,026,555 -1.3% 8.8% 0.6% December 884,062 907,539 973,045 1,046,394 2.7% 7.2% 7.5% TOTAL $ 10,457,375 $ 11,048,561 $ 11,147,846 $ 11,641,063 5.7% 0.9% 4.4% Data Source Village Records VILLAGE OF OAK BROOK,ILLINOIS NON-HOME RULE SALES TAX RECEIPTS BY MONTH-CASH BASIS Last Four Fiscal Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Month Ended 12/31/10 Ended 12/31/11 Ended 12/31/12 Ended 12/31/13 FY 2011 FY 2012 FY 2013 January $ 374,350 $ 400,224 $ 379,832 $ 400,764 6.9% -5.1% 5.5% February 400,954 445,276 424,255 444,306 11.1% -4.7% 4.7% March 639,925 672,765 715,934 740,816 5.1% 6.4% 3.5% April 284,621 286,122 314,634 337,086 0.5% 10.0% 7.1% May 284,830 305,329 346,379 332,311 7.2% 13.4% -4.1% June 382,620 390,791 422,481 396,344 2.1% 8.1% -6.2% July 363,571 396,236 385,728 390,534 9.0% -2.7% 1.2% August 380,669 418,978 419,118 418,782 10.1% 0.0% -0.1% September 391,573 417,209 443,846 433,709 6.5% 6.4% -2.3% October 402,645 409,666 395,512 414,622 1.7% -3.5% 4.8% November 402,127 389,815 435,755 420,938 -3.1% 11.8% -3.4% December 395,268 407,154 448,755 441,524 3.0% 10.2% -1.6% TOTAL $ 4,703,153 $ 4,939,565 $ 5,132,229 $ 5,171,736 5.0% 3.9% 0.8% Note: The Village's non-home rule sales tax was effective July 1,2004 with collections beginning in October 2004. Data Source Village Records - 120 - VILLAGE OF OAK BROOK,ILLINOIS SALES TAX BY CATEGORY Last Ten Fiscal Years Fiscal Years 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 General merchandise $ 2,979,121 $ 2,243,966 $ 3,031,452 $ 2,384,953 $ 2,064,241 $ 1,864,664 $ 1,988,286 $ 2,025,257 $ 2,087,873 $ 1,859,342 Food 40,239 41,125 46,714 56,332 54,585 68,576 49,666 45,910 49,616 52,331 Drinking and eating places 1,075,685 1,105,997 1,181,813 1,266,893 1,248,272 1,270,903 1,388,881 1,428,598 1,506,289 1,615,029 Apparel 2,683,775 2,813,176 3,051,925 3,075,294 2,876,511 2,711,321 2,987,468 3,034,654 3,110,107 3,065,618 Furniture,H.H.and radio 917,782 945,017 961,241 1,080,877 1,076,836 840,999 957,980 975,472 1,090,244 1,251,860 Lumber,building and hardware 113,660 105,873 104,720 85,382 39,312 32,472 17,588 12,853 24,600 10,653 Automotive and filling stations 1,211,391 1,333,253 1,465,864 1,544,153 1,708,234 1,568,808 1,623,980 1,509,528 1,619,343 1,674,689 Drugs and other retail 1,156,873 1,179,604 1,285,354 1,240,805 1,141,709 1,046,055 1,265,890 1,472,117 1,124,986 1,250,569 Agriculture and all others 304,287 397,129 451,957 491,738 507,663 414,462 354,622 422,368 418,871 421,724 Manufacturers 75,179 77,311 68,531 72,399 72,003 100,642 83,952 126,281 174,572 687,312 TOTAL $ 10,557,992 $ 10,242,451 $ 11,649,570 $ 11,298,826 $ 10,789,366 $ 9,918,902 $ 10,718,314 $ 11,053,038 $ 11,206,501 $ 11,889,127 Village direct sales tax rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Note: Gross receipts include both Cook and DuPage County 1%municipal sales tax. Amounts reflect sales tax collected by the Village between April I and March 31 as reported by the State. Data Source Illinois Department of Revenue-Local Tax Allocation Division VILLAGE OF OAK BROOK,ILLINOIS NON-HOME RULE SALES TAX BY CATEGORY Last Ten Fiscal Years Fiscal Years 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 General merchandise $ 382,923 $ 556,016 $ 743,530 $ 590,403 $ 1,024,873 $ 926,187 $ 973,309 $ 1,006,608 $ 1,028,630 $ 923,522 Food 2,007 4,444 5,150 8,577 19,275 20,652 19,332 20,436 22,769 24,206 Drinking and eating places 142,641 275,357 294,331 315,085 615,357 632,360 692,224 710,688 749,294 804,095 Apparel 373,434 702,672 762,294 768,375 1,433,462 1,353,324 1,492,720 1,516,414 1,554,292 1,532,230 Furniture,H.H.and radio 126,581 231,825 240,036 269,738 534,252 419,064 478,065 486,841 544,734 624,646 Lumber,building and hardware 14,797 26,448 26,171 21,290 19,735 16,233 8,807 6,427 12,299 5,326 Automotive and filling stations 96,769 183,613 204,893 207,328 410,617 419,622 438,722 413,502 444,986 462,595 Drugs and other retail 147,168 260,634 278,768 275,639 501,254 455,080 496,243 522,092 574,857 581,045 Agriculture and all others 36,238 83,805 108,407 108,766 224,370 191,955 160,284 190,247 186,919 189,403 Manufacturers 10,196 19,327 17,079 18,064 35,964 50,271 41,947 63,114 75,056 74,826 TOTAL $ 1,332,753 $ 2,344,141 $ 2,680,659 $ 2,583,267 $ 4,819,159 $ 4,484,747 $ 4,801,654 $ 4,936,369 $ 5,193,836 $ 5,221,894 Village non-home rule sales tax rate 0.25% 0.25% 0.25% 0.25% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50% Note: Gross receipts include both Cook and DuPage County 1%municipal sales tax. Amounts reflect sales tax collected between April 1 and March 31 as reported by the State. The Village's non-home rule sales tax was effective July 1,2004. The Village's non-home rule sales tax increased from.25%to.50%effective January 1,2008. Data Source Illinois Department of Revenue-Local Tax Allocation Division - 122 - (This page is intentionally left blank.) VILLAGE OF OAK BROOK,ILLINOIS BUDGETED FULL-TIME EQUIVALENT EMPLOYEES Last Ten Fiscal Years Function/Program 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 GENERAL GOVERNMENT Board of Trustees 0.50 0.50 1.00 1.00 0.50 0.50 0.50 0.75 0.50 0.50 Village Clerk 2.50 2.75 2.75 3.25 3.25 3.25 1.50 1.75 1.95 1.25 Legal 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.35 0.25 General Management 3.50 3.50 3.25 3.25 2.50 2.50 2.25 3.00 2.55 2.50 Human Resources 1.00 1.00 1.00 1.00 1.00 1.50 1.75 1.50 1.75 2.00 Risk Management 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.40 0.50 General Services 1.25 1.25 1.25 1.25 1.25 1.25 2.00 1.75 1.35 0.00 Business Licenses - - 0.25 0.25 0.00 0.00 0.00 0.00 0.00 0.00 Purchasing 1.50 1.50 1.50 1.50 1.50 0.00 0.50 0.50 0.85 1.00 Information Services 3.50 3.50 3.50 3.50 3.50 3.00 2.25 2.00 2.60 2.00 FINANCIAL SERVICES Financial Services Management 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Accounting and Reporting 4.50 4.50 4.50 4.50 4.50 5.00 3.00 2.75 2.75 3.00 PUBLIC WORKS Buildings and Grounds 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Garage Operations 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 Water Operations 7.00 7.50 7.50 7.50 7.50 7.50 6.50 6.00 6.00 7.00 Public Works Management 3.00 3.00 3.00 3.00 3.00 3.00 2.50 2.50 2.00 2.50 Streets-General Salaries 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 6.50 ENGINERRING AND CAPITAL PROJECTS Engineering 4.00 4.00 4.00 4.00 4.00 4.00 3.50 3.25 3.50 3.50 LIBRARY Library General Operations 7.00 7.00 7.00 7.00 7.00 7.00 4.00 4.50 5.25 5.50 Technical Services 2.50 2.50 2.50 2.50 2.50 2.50 3.00 2.75 2.75 2.00 Reference and User Services 2.50 2.50 2.50 2.50 2.50 2.50 1.75 2.25 2.50 3.00 Youth Services 2.75 2.75 2.75 2.75 2.75 2.75 1.50 2.00 1.50 1.50 POLICE Police Services Management 4.00 3.00 3.00 3.00 3.00 3.00 3.00 2.00 2.00 3.00 Police Field Services 35.00 37.00 35.00 35.00 36.25 35.25 31.50 31.50 32.20 31.00 Police General Support 2.00 2.00 2.50 3.00 3.50 3.50 3.00 3.00 3.00 4.00 Police Investigations 6.00 6.00 6.00 7.00 7.00 6.00 8.00 8.00 7.00 6.00 Village Communications Center 10.00 10.00 11.00 12.00 12.50 12.00 9.00 7.00 0.00 0.00 Police Records 3.00 3.00 3.00 3.00 3.00 3.00 2.50 2.50 6.55 3.50 Police Public Relations/Crime Prevention 2.00 1.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Police Adjudication 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.00 0.00 - 123 - 1 VILLAGE OF OAK BROOK,ILLINOIS BUDGETED FULL-TIME EQUIVALENT EMPLOYEES(Continued) Last Ten Fiscal Years Function/Program 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 FIRE*** Fire and EMS-General Salaries** 33.00 33.00 33.00 33.00 33.00 33.00 31.00 31.00 31.00 31.00 Rescue and Fire Service Management 3.00 3.00 3.00 3.00 3.00 2.50 1.50 1.50 1.50 1.50 Fire Prevention and Public Safety Education 2.00 2.00 2.00 2.00 2.00 0.00 0.00 0.00 0.00 0.00 SPORTS CORE Sports Core General Operations 3.25 2.75 2.75 2.75 2.75 2.25 1.75 1.50 0.75 0.25 Sports Core Food and Beverage Operations 2.00 1.50 2.00 2.50 2.50 2.75 0.00 0.50 0.50 0.50 Golf Club Food and Beverage Operations - - - - - 0.25 0.50 0.50 0.50 0.50 Golf Club General Operations 3.25 3.25 3.25 3.25 3.25 3.25 2.75 2.25 2.00 2.00 Golf Course Maintenance 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 COMMUNITY DEVELOPMENT Community Development Management 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 Code Enforcement 3.00 3.00 3.00 4.00 4.00 3.50 3.50 3.50 4.25 4.25 TOTAL 176.25 176.00 177.50 180.00 180.75 174.25 152.25 150.25 146.80 141.00 *Summary represents full-time equivalent positions not including seasonal,temporary or situational employees. Regular part-time employee hours have been rounded to the nearest quarter full-time equivalent. **Six contract firefighter/paramedics are used to supplement the full-time complement of firefighter/paramedics. ***Part-time positions that are filled by off-duty full-time fire department personnel are not included. These positions include Fire Prevention Inspectors, Building Inspectors,Administrative Aide,EMS Director,Public Safety Information Coordinator and CPR Coordinator. Data Source Village Records - 124 - VILLAGE OF OAK BROOK,ILLINOIS OPERATING INDICATORS Last Ten Fiscal Years Function/Program 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 PUBLIC SAFETY Police Physical arrests 364 357 330 319 293 399 357 267 234 178 Parking violations 1,345 1,112 579 1,472 1,420 1,113 877 1,245 636 501 Traffic violations 4,649 4,180 3,984 4,240 3,371 3,464 5,370 3,374 3,137 2,897 Fire EMS incidents 1,016 1,059 1,138 1,093 1,037 1,069 1,188 1,037 912 1,049 Fire incidents 1,075 949 716 823 752 802 918 788 656 667 Communications Center Police calls dispatched 10,142 11,766 10,864 10,880 10,667 9,911 9,666 9,666 12,696 18,552 Fire/EMS calls dispatched 2,091 2,148 2,013 2,250 2,214 2,176 2,240 2,240 2,071 2,294 WATER New water meters installed 38 47 31 31 21 10 10 11 14 15 Water main breaks repaired 71 110 63 109 58 63 59 50 61 48 Water pumped(mil.gals.) 1,375 1,530 1,261 1,336 1,210 1,105 1,136 1,060 1,173 1,113 LIBRARY Total circulation 96,024 98,754 96,414 99,009 96,631 90,287 87,906 84,768 91,017 93,300 Avg.daily circulation 280.8 289.6 286.1 292.1 282.5 267.9 260.5 253.0 269.0 274.0 Total holdings 89,292 96,721 103,951 106,181 105,493 111,051 116,386 124,757 128,343 131,658 COMMUNITY DEVELOPMENT Building permits issues 891 903 947 856 742 606 696 705 770 811 Inspections N/A 1,129 2,268 1,754 1,772 2,090 2,193 2,139 2,311 2,617 Estimated construction value $78,447,306 $ 73,549,628 $ 76,294,249 $ 81,953,372 $46,663,489 $ 51,776,407 $ 51,559,533 $ 58,775,804 $ 76,987,646 $131,935,998 SPORTS CORE B&T recreation membership 343 311 302 291 303 259 300 320 363 347 Social memberships 189 122 106 120 129 80 64 59 67 68 Total events 252 215 224 226 202 123 39 35 56 66 Golf memberships 263 260 262 235 226 219 207 182 154 146 Total golf rounds 44,422 44,005 42,324 43,561 40,336 39,686 37,750 35,196 38,637 34,670 Data Source Various village departments N/A-Information was unavailable for this given period. - 125 - 1 I f I i i I I I I I I I I 1 I i I i I VILLAGE OF OAK BROOK,ILLINOIS CAPITAL ASSETS STATISTICS Last Ten Fiscal Years Function/Program 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 PUBLIC SAFETY Police Stations 1 1 1 1 1 1 1 1 1 1 Area patrols 5 5 5 5 5 5 4 5 5 5 Patrol units 15 15 15 15 15 15 12 11 11 11 Fire Fire stations 2 2 2 2 2 2 2 2 2 2 Fire trucks 7 7 7 7 7 7 7 7 7 7 PUBLIC WORKS Arterial streets(miles) 8.5 8.5 8.5 8.5 8.5 8.5 8.5 8.5 8.5 8.5 Residential streets(miles) 48 49 49 49 49 49 49 49 49 49 Streetlights 565 565 565 565 565 565 565 565 565 565 Traffic intersections 11 11 11 11 11 11 11 11 11 11 WATER Water mains(miles) 115 115 115 115 105 105 105 105 105 105 Fire hydrants 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Storage capacity(gallons) 8.0 mil. 8.0 mil. 8.0 mil. 8.0 mil. 8.0 mil. 8.0 mil. 8.0 mil. 8.0 mil. 8.0 mil. 8.0 mil. Data Source Various village departments - 126 -