2015 Citizen PAFRVillage of Oak Brook Citizen’s Annual Financial Report
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, have enabled
the Village to operate without a real estate tax since its 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.
• Oak Brook has more than 7,800 residents across approximately 2,850 households.
• The Village provides many key services, including police and fire protection, water delivery, street
maintenance, public improvements, public library and recreation.
• The Village is composed of residential subdivisions, the Oakbrook Center Mall, office and retail locations,
restaurants, and numerous corporate headquarters.
• Principal employers in Oak Brook include Oakbrook Center Mall, McDonald’s Corporation, Advocate
Healthcare, Ace Hardware, and Inland Real Estate Group of Companies.
• The Village of Oak Brook features 269 acres of open space, polo fields, golf courses, soccer fields,
swimming and tennis facilities, and other recreational opportunities not commonly found in a village of
this size.
• Only 15 miles west of downtown Chicago, Oak Brook is conveniently located along Interstates 88 and
294.
• Oak Brook feeds into five outstanding elementary school districts: Butler District 53; Downers Grove
District 58; Elmhurst District 205; Hinsdale District 181; and Salt Creek District 48.
One aspect of life in Oak Brook that we are proud of is the wide range of entertainment and
recreational opportunities available in our community. Whether you’re participating in an Oak
Brook Park District activity, watching a play at the Mayslake Peabody Estate, attending a Polo
match, or jogging down the Oak Brook Pathway System, there is something for everyone to enjoy.
Village of Oak Brook
2015 Quick Facts
Population 7,883
Total Cash and
Investments $29.1 million
General Fund Cash
and Investments $13.5 million
General Fund
Reserve (cash to
budgeted operating
expenditures) 7.5 months
Outstanding Debt* $4.2 million
Other Long-Term
Liabilities** $50.5 million
Total Annual Budget $48.0 million
Employees (FTE’s) 128.5 FT, 23.4 PT,
32.7 Seasonal
About the Village of Oak Brook 1
*Outstanding debt of $0.6 million is for the West Wing Expansion of Village Hall, for which the last payment is in 2017.
$3.6 million is a note payable to the 2005 Tax Increment Financing (TIF) District located at the Promenade (22nd St. and
Meyers Rd.). The TIF note is not a general obligation to the Village and it expires in 2024. Repayment of the note is lim-
ited to the availability of pledged taxes and 20% of incremental sales tax.
**Other long-term liabilities consist of net pension liability, net other postemployment benefit obligations, and compensated
absences.
Village of Oak Brook Citizen’s Annual Financial Report
The Village of Oak Brook operates under the Trustee/Village form of government. The
Village is governed by our elected Village President and a six-member Board of Trustees—
each elected at large for a four-year term of office. The Village Clerk is elected for a four-year
term, attends meetings of the Village Board, keeps its minutes, and is the official custodian of
Village records. Elections are held biennially, during odd-numbered years, on the first
Tuesday in April.
The Village Board’s primary function is policy making and oversees the operations,
administration, and finances of the Village. The Village President, with the consent of the
Board, appoints a Village Manager to administer daily administrative operations of the
Village. The Village President presides over meetings of the Board, and selects and removes
appointed officers of various boards, commissions and committees with the consent of the
Elected Officials at December 31, 2015
Gopal Lalmalani, Charlotte Pruss,
President Village Clerk
Donald N. Adler John Baar Michael Manzo
Mark M. Moy Edward Tiesenga Asif Yusuf
3
Village of Oak Brook Leadership 2
2015 Major Accomplishments 3
The Village had many accomplishments during fiscal year 2015. Below is a summary of some
of the significant accomplishments by each department:
Legislative and General Management:
• Implemented the Village’s 2015 Electric Aggregation program for Oak Brook
residents at a competitive rate.
• Worked towards reaching an agreement on the Police union contract.
• Completed the re-design of the Village’s website.
Financial Services:
• Implemented a pay by phone option for customers to pay water bills.
Public Works:
• Removed 85 Emerald Ash Borer mortalities and reforested 62 trees with multi
species trees at a cost of approximately $1,000 per tree.
• Completed the York Road and Tollway bridge deck repairs for $0.3 million.
• Worked on the St. Paschal Drive and 35th Street improvement projects for $0.5
million.
• Repainted all Village maintained traffic lane striping, stop bars, and school zones.
• Started a three year cycle to replace all water meter transmission units.
• Replaced water mains on Mockingbird Lane and Camelot Drive for $1.4 million.
Library:
• Completed a customer service survey with an overall rating of 90%.
• Meeting room furniture and equipment was updated, including a new screen, high
definition projection unit, sound system, computer, Blu-ray player, and tables and
chairs.
Police:
• Enhanced the frequency of Seat Belt and Distracted Driver Enforcement zones
through the IDOT Sustained Traffic Enforcement Grant.
Fire:
• Improved the delivery of paramedical services with the addition of advanced life
support equipment carried on all front line fire apparatus.
Development Services:
• Completion of many 2007 Commercial Revitalization Plan items, including: three
pedestrian access projects; approval and construction of a 12 screen cinema,
parking garage, and restaurants at Oakbrook Center; and Duchossois project.
Sports Core:
• The Bath and Tennis Clubhouse was enhanced with a new HVAC system and
exterior staining for a total of $70,450.
• Completed numerous drainage and pumping projects at the golf course.
Village of Oak Brook Citizen’s Annual Financial Report
Planned Initiatives for 2016 4
Village of Oak Brook Citizen’s Annual Financial Report
• Plans and codes that encourage new
development.
• Diversify housing options.
• Promote public/private partnerships.
• Address pension obligations
• Preserve management rights in
negotiations.
• Lean principles in operations.
• Re-focus on core services.
• Explore intergovernmental
cooperation.
• Fiber optic availability to the Village.
• Invest in the Village work force.
• Empowerment and trust.
• Adherence to the Board/Manager
form of government.
• Enhanced communication.
STRATEGIC
GOALS
OF THE
VILLAGE
BOARD
Promote and
Enhance Oak
Brook’s Image
• Explore funding sources for long
-termed projects.
• Have a reliable, funded capital
improvement plan.
• Municipal campus capital
improvements.
• Invest in high quality streetscape.
• Create a sense of community.
• Re-foresting the Village.
Maintain
and Enhance
Village
Services
Human
Resource
Management
Promote
Economic
Development
Financial
Stability
Provide Safe,
Efficient, Well
Maintained
Infrastructure
The Statement of Net Position (commonly known as the “balance sheet”) reports
information on all of the Village’s assets, liabilities, and deferred inflows and outflows, with
the difference reported as its “net position.” Net position measures the resources (cash,
investments, receivables, capital assets, etc.) of the Village and any claims (payables, deposits,
debt, etc.) against those resources. 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 table below shows that, as of December 31, 2015, assets and deferred
outflows of resources exceeded liabilities and deferred inflows of resources by $78.3 million.
The largest portion of the Village’s net position, $92.1 million, reflects its investment in
capital assets, less any outstanding debt used to acquire those assets. The Village uses these
capital assets to provide services to its residents. Consequently, these assets are not available
for future spending. An additional portion of the net position, approximately $11.3 million, is
subject to external restrictions on how it may be used.
The remaining ($25.1) million represents a deficit (an excess of liabilities over assets)
unrestricted net position. The deficit in 2015 is a result of the Village recording its unfunded
pension liability on the financial statements due to new accounting standards.
Financial Statements 5
Village of Oak Brook Citizen’s Annual Financial Report
Governmental Business-Type Total Primary
Activities Activities Government Total
2015 2014 2015 2014 2015 2014 Change
Cash and Investments $27.3 $25.7 $1.8 $3.0 $29.1 $28.7 1.4%
Current and Other Assets 7.4 7.1 1.7 1.4 9.1 8.5 7.1%
Total Assets $96.0
$94.4 $34.9
$35.0 $130.9
$129.4 1.2%
Long-Term Liabilities $54.0 $6.8 $0.7 $0.1 $54.7 $6.9 692.8%
Other Liabilities 4.1 3.2 1.0 0.6 5.1 3.8 34.2%
Total Liabilities $58.1
$10.0 $1.7
$0.7 $59.8
$10.7 458.9%
Net Investment in
Capital Assets $60.7 $60.7 $31.4 $30.6 $92.1 $91.3 0.9%
Restricted 11.3 11.6 - - 11.3 11.6 -2.6%
Unrestricted (27.2) 12.1 2.1 3.7 (25.1) 15.8 -258.9%
Total Net Position* $44.8
$84.4 $33.5
$34.3 $78.3
$118.7 -34.0%
Deferred Outflows of
Resources 7.6 - 0.4 - 8.0 - N/A
Deferred Inflows of
Resources 0.7 - 0.1 - 0.8 - N/A
Capital Assets 61.3 61.6 31.4 30.6 92.7 92.2 0.5%
*FY15 beginning net position was restated ($30.4) million due to the implementation of GASB 68. Of this
amount, ($29.9) million is governmental activities and ($0.5) million is business-type activities. 2014 information
has not been updated for the effects of restatement due to the implementation of GASB No. 68 and 71 in 2015.
Statement of Net Position
The Statement of Activities (commonly known as the “income statement”) reports all
financial activity for the fiscal year ended December 31, 2015.
This statement presents high-level summary information about how the Village’s net position
changed during the fiscal year. Total revenues increased $2.0 million, or 5.1%, compared to
prior year. The Village experienced increases in all major revenue sources except for grants
and other revenue. Sales and local use taxes continue to be the Village’s largest revenue
source and reflected an increase of $0.4 million, or 2.3%, compared to the prior year.
Total expenses increased $14.1 million, or 38.1%, compared to the prior year. This was
primarily due to the implementation of GASB 68, which recognized $10.4 million ($6.1 million
relating to FY15 expense and $4.3 million relating to establishing beginning balances that
were not measurable as of 12/31/14) in pension expense in 2015 as a result of new reporting
standards. The Village also experienced an increase in capital spending in FY15 due to an
increase in street improvement projects. The Village’s net position has decreased 34.0% since
December 31, 2014 primarily as a result of GASB 68 reporting changes.
Financial Statements 6
Village of Oak Brook Citizen’s Annual Financial Report
Governmental Business-Type Total Primary
Activities Activities Government Total
2015 2014 2015 2014 2015 2014 Change
Revenues
Program Revenues
Charges for Services $3.0 $3.1 $10.9 $10.1 $13.9 $13.2 5.3%
Grants and Contributions 0.2 0.7 - - 0.2 0.7 -71.4%
General Revenues
Sales and Local Use Taxes 18.1 17.7 - - 18.1 17.7 2.3%
Utility Taxes 5.7 5.2 - - 5.7 5.2 9.6%
Hotel/Motel Taxes 1.2 1.0 - - 1.2 1.0 20.0%
Intergovernmental 1.6 0.8 - - 1.6 0.8 100.0%
Transfers (0.5) (0.5) 0.5 0.5 - - 0.0%
Other 0.4 0.5 - - 0.4 0.5 -20.0%
Total Revenues $29.7 $28.5 $11.4 $10.6 $41.1 $39.1 5.1%
Expenses
General Government $5.3 $4.5 $- $- $5.3 $4.5 17.8%
Public Safety 24.6 14.7 - - 24.6 14.7 67.3%
Public Works 7.7 4.9 - - 7.7 4.9 57.1%
Culture and Recreation 1.5 2.0 - - 1.5 2.0 -25.0%
Waterworks System - - 8.0 7.0 8.0 7.0 14.3%
Sports Core - - 3.7 3.6 3.7 3.6 2.8%
Interest on Long-Term Debt 0.3 0.3 - - 0.3 0.3 0.0%
Total Expenses $39.4 $26.4 $11.7 $10.6 $51.1 $37.0 38.1%
Change in Net Position ($9.7) $2.1 ($0.3) $- ($10.0) $2.1 -576.2%
Net Position, January 1* $54.5 82.3 $33.8 34.3 $88.3 116.6 -24.3%
Net Position, December 31 $44.8 84.4 $33.5 34.3 $78.3 118.7 -34.0%
*FY15 beginning net position was restated ($30.4) million due to the implementation of GASB 68. Of this
amount, ($29.9) million is governmental activities and ($0.5) million is business-type activities. 2014 information
has not been updated for the effects of restatement due to the implementation of GASB No. 68 and 71 in 2015.
Statement of Activities
• For the year ending December 31, 2015, the Village’s assets and deferred outflows of
resources exceeded liabilities and deferred inflows of resources by $78.3 million (net
position), which is a decrease of $40.4 million, or 34.0%, in comparison to the prior year
net position prior to the restatement for GASB Statements No. 68 and No. 71.
• The Village implemented GASB Statements No. 68 and No. 71 during FY15, which
changed the way its pension plans are reported. With implementation of these new
standards, the Village restated beginning net position ($30.4) million to establish net
pension liabilities, deferred outflows of resources, and deferred inflows of resources as of
1/1/2015 for its IMRF, Police, and Fire pension plans. For FY15, the Village recognized
$10.4 million ($6.1 million relating to FY15 expense and $4.3 million relating to
establishing beginning balances that were not measurable as of 12/31/14) in pension
expense related to the new reporting requirements. See page 8 for further information on
the Village’s pension plans.
• The governmental activities (general government, public safety, highways and streets,
library and community development) reported a total net position of $44.8 million, which
is a decrease of $9.7 million, or 17.8%, from the prior year restated balance. The
unrestricted portion of the net position is a ($27.2) million deficit (an excess of liabilities
over assets), which is primarily the result of recording the unfunded pension liability
related to the new reporting requirements. The unfunded pension liability is a long-term
liability that fluctuates over time with investment returns, actuarial assumption changes,
and funding policy changes. It is not necessarily what the Village will budget to pay in the
following fiscal year.
• The business-type (for profit) activities (water and sports core) reported a total net
position of $33.5 million, which represents a $0.3 million, or 0.1%, decrease from the prior
year restated balance. Approximately 6.3% of the total, or $2.1 million is unrestricted.
• The Village’s total net position decreased by $10.0 million, or 11.3% compared to the prior
year restated balance. This is primarily due to the addition of $10.4 million in pension
expense for 2015 with the implementation of new reporting standards in fiscal year 2015.
Of the $10.4 million, $6.1 million relates to FY15 pension expense and $4.3 million relates
to establishing beginning balances that were not measurable as of 12/31/14.
• The Village had a total of ($25.1) million deficit in its unrestricted net position. This is a
decrease of $40.9 million from the 2014 balance of $15.8.
Explanation, Analysis, and Discussion of Financial Statements 7
Village of Oak Brook Citizen’s Annual Financial Report
Overview of Financial Position and Results of Activities
Like other local governments, the Village of Oak Brook utilizes fund accounting. Fund
accounting segregates related accounts and activities into separate funds to ensure and
demonstrate compliance with legal and regulatory requirements. Village funds can be classified
in three categories: governmental funds, business-type funds, and fiduciary funds.
Governmental funds are used to account for all or most of the Village’s general activities,
including general administration, public safety, highways and streets, library, and community
development. The General Fund is used to account for and report all financial resources not
accounted for and reported in another fund.
Business-type 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 these activities can be provided to either outside parties (enterprise
funds) or to other departments or agencies primarily within the government (internal service
funds) with costs being recovered through user-fees and charges.
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 Police and Fire Pension
funds are governed by separate five member pension boards, consisting of two members
appointed by the Village Board, one elected by retired pension members, and two elected by
active pension members. The Village and active pension members are obligated to fund all
pension costs based upon actuarial valuations, which are approved by the Village Board.
Financial activity of fiduciary funds are not included in governmental or business-type activities.
Explanation, Analysis, and Discussion of Financial Statements 8
Village of Oak Brook Citizen’s Annual Financial Report
Governmental Funds Business-Type Funds Fiduciary Funds
General Fund
Special Revenue Funds
—Hotel/Motel Tax
—Motor Fuel Tax
—Foreign Fire Insurance
Tax
Capital Projects Funds
—Infrastructure
—Promenade TIF
Enterprise Funds
—Waterworks System
—Sports Core
Internal Service Funds
—Self-Insurance
—Garage
—Capital Replacement
Trust Funds
—Police Pension
—Fire Pension
Village Fund Structure
Village of Oak Brook Citizen’s Annual Financial Report
The foundation of the Village’s financial planning is centered on the Village Board’s well
publicized policy of maintaining a cash and investments reserve in the General Fund that
meets or exceeds six months of annual operating expenses. The six month policy level was
established due to the Village not having the predictability of real estate tax revenue and the
fact that most of its general revenues are collected by the State (sales and telecommunications
tax) having a three month delay. This conservative policy seeks to ensure the Village will
have sufficient funds on hand to operate in an emergency situation as well as having sufficient
time to address any economic downturns.
As of December 31, 2015, the Village had $29.1 million in cash and investments on hand, an
increase of $0.4 million from December 31, 2014. The General Corporate Fund cash and
investments balance of $13.5 million is equal to 7.5 months of operating expenses. Cash and
investments by fund was as follows:
Explanation, Analysis, and Discussion of Financial Statements 9
The Village’s overall cash and investment balance is made up of various sources. As of
December 31, 2015, the Village’s cash and investment portfolio consisted of:
Summary on Village Cash and Investments
Fund
12/31/14
Balance
12/31/15
Balance
Change
General $12.3 $13.5 $1.2
Hotel/Motel 3.6 3.8 0.2
Motor Fuel Tax 1.0 1.2 0.2
Foreign Fire Insurance 0.3 0.2 (0.1)
Infrastructure 5.2 5.6 0.4
Promenade TIF 0.2 0.2 0.0
Water 2.7 1.5 (1.2)
Sports Core 0.3 0.4 0.1
Self-Insurance 0.7 0.4 (0.3)
Garage 0.1 0.2 0.1
Equipment Replacement 2.3 2.1 (0.2)
Total $28.7 $29.1 $0.4
(In millions)
Type
12/31/14
Balance
12/31/15
Balance
Change
Checking $0.7 $0.7 $0.0
Illinois Funds 9.5 8.3 (1.2)
Certificates of Deposit 4.4 6.4 2.0
Municipal Bonds 3.7 5.9 2.2
Corporate Bonds 6.1 5.6 (0.5)
Government & Agency Obligations 4.3 2.2 (2.1)
Total $28.7 $29.1 $0.4
(In millions)
Explanation, Analysis, and Discussion of Financial Statements 10
The Village contributes to three defined benefit pension plans, the Illinois Municipal
Retirement Fund (IMRF), an agent multiple-employer public employee retirement system; the
Police Pension Plan, which is a single-employer pension plan; and the Firefighter’s Pension
Plan, which is also a single-employer pension plan. The benefits, benefit levels, employee
contributions, and employer contributions for all three plans are governed by Illinois
Compiled Statutes and can only be amended by the Illinois General Assembly. For further
information on these pension plans, refer to the Village’s 2015 CAFR.
The new pension standards dramatically change the accounting reporting requirements with
respect to defined benefit pension plans and the presentation in the Village’s financial
statements. Thus, GASB 68 changed by reporting pension obligations not only on the
footnote disclosure and required supplementary information sections, but also on the face of
the basic financial statements. As a result of implementing the new standards, the Village
reported, under long-term liabilities on the Statement of Net Position, an unfunded pension
liability of $48.3 million for governmental activities and $0.8 million for business-type
activities, for a total of $49.1 million as of December 31, 2015. The Village also recognized
pension expense on the Statement of Activities of $10.1 million for governmental activities
and $0.3 million for business-type activities, for a total of $10.4 million for FY2015. Of this
$10.4 million, $6.1 million relates to FY15 pension expense and $4.3 million relates to
establishing beginning balances that were not measurable as of 12/31/14.
The Village’s total net pension liability at 12/31/15 is:
IMRF Police Pension Fire Pension Total
Total Pension Liability $ 35,356,455 $ 53,169,364 $ 48,412,530 $ 136,938,349
Plan Fiduciary Net Position (32,131,562) (31,851,228) (23,811,686) (87,794,476)
Unfunded Pension Liability $ 3,224,893 $ 21,318,136 $ 24,600,844 $ 49,143,873
Pension contributions for fiscal year 2015 totaled $3.4 million. This consisted of: $0.7 million
for the IMRF pension plan, $1.3 million for the Police pension plan, and $1.4 million for the
Fire pension plan. Current State statutes require the Village’s contributions must accumulate
to the point where the past service cost for the Police and Fire pension plans is 90% funded by
the year 2040. Annual Public Safety (Police and Fire) pension contributions are expected to
increase from $3.7 million in 2016 to $5.9 million in 2040 assuming 100% funding. The
unfunded pension liability is expected to range from $42.1 million in 2016 to $5.4 million in
2040 assuming 100% funding, with a peak of $46.5 million in 2020. Information is not
available to forecast future IMRF pension contributions and unfunded pension liability.
Actual contributions and unfunded liability for these years could vary depending on key
actuarial assumptions, including salary increases, mortality tables, investment returns, and
Village funding levels.
Village of Oak Brook Citizen’s Annual Financial Report
Summary on Village Pension Plans
2015 Revenues $41,116,612
Explanation, Analysis, and Discussion of Financial Statements 11
Village of Oak Brook Citizen’s Annual Financial Report
Sales Tax $18,159,178 44.2%
Sales tax covers all the various taxes imposed under the Retailers Occupation tax, the
service Occupation tax, and the Use Tax Act. Every business conducting revenue
operations must pay sales tax to the State of Illinois. The Village is paid according to the amount
of revenue the businesses of the municipality contributed. The Village currently receives 1.50%.
Utility/Telecom Tax 5,673,868 13.8%
The Village taxes telecommunications, natural gas, and electricity. Electricity and gas are based
on usage, therefore, revenues will fluctuate with consumer usage and weather conditions. The
Village receives 5% tax from NICOR and a 10-tiered formula based on kilowatts used from
Commonwealth Edison.
Taxes are also imposed on interstate or intrastate telecommunications originating or received in
the Village by a person at a rate of 6% of gross charges.
Hotel/Motel Tax 1,194,811 2.9%
Tax imposed upon the use and privilege of renting rooms in a hotel or motel within the
Village. The Village imposes a 3% tax, of which 1% is used to promote overnight stays and 2%
for beautification in the hotel district.
Intergovernmental 1,148,179 2.8%
Amounts received from other governments for support of particular functions or for general
financial support.
Charges for Services 13,889,585 33.8%
Charges imposed for providing services. Total charges for services is comprised of: Water
$7,683,245, Sports Core $3,188,035, and Governmental (licenses, permits, fees) $3,018,305.
Grants 212,129 0.5%
Funds received from federal and state agencies to assist the Village in offsetting expenditures
related to various programs.
All Other Revenue Sources 838,862 2.0%
Consists of property tax, other tax, replacement tax, gain on disposal of capital assets, investment
income, and other revenue.
2015 Actual % of Total
$41,116,612 100.0%
$34
$36
$38
$40
$42
2011 2012 2013 2014 2015
Total Revenues In millions
Revenue Overview
2015 Expenses $51,092,115
Explanation, Analysis, and Discussion of Financial Statements 12
Village of Oak Brook Citizen’s Annual Financial Report
General Government $5,278,193 10.3%
Includes various administrative services of the Village (Legislative and General Management,
Human Resources, Finance, Information Systems, and Community Development).
Public Safety 24,603,026 48.2%
Includes expenses associated with providing police and fire protection services to the
Village.
Public Works 7,698,904 15.1%
Includes Public Works administration, buildings and grounds, forestry, snow removal, and
streets services.
Culture and Recreation 1,512,080 3.0%
Includes Library services and Hotel/Motel expenses to increase overnight stays in hotels within
the Village.
Waterworks System 7,983,819 15.6%
Includes the costs associated with providing water services to the Village.
Sports Core 3,699,018 7.2%
Includes all Sports Core operations (Bath & Tennis Club, Polo, Taste of Oak Brook, Golf Club).
Interest 317,075 0.6%
Includes interest costs on all Village debt.
2015 Actual % of Total
$51,092,115 100.0%
$30
$35
$40
$45
$50
$55
2011 2012 2013 2014 2015
Total Expenses
Note - The increase in total expenses in 2015 relates to the recording of $10.4 million in pension expense related
to the implementation of GASB Statements No. 68 and 71. Fiscal year 2015 was the first year the expense was
recorded on the Village’s financial statements. Additionally, spending on street improvement projects increased
in 2015.
In millions
Expense Overview
Key Statistics 13
Village of Oak Brook Citizen’s Annual Financial Report
2011 2012 2013 2014 2015
General
Debt per capita $1,167 $907 $636 $583 $534
DuPage County unemployment rate 8.0% 7.3% 7.5% 5.7% 4.7%
Property tax rate* 2.9139 3.2026 3.5871 3.8389 3.9263
Estimated retail sales $1,099,872,700 $1,118,547,800 $1,110,317,900 $1,209,120,800 $1,235,726,800
Total sales tax receipts—cash basis $15,988,126 $16,280,075 $16,812,799 $17,341,263 $18,043,872
Police
Physical arrests 267 234 178 196 208
Parking violations 1,245 636 501 306 299
Traffic violations 3,374 3,137 2,897 2,986 2,082
Fire
EMS incidents 1,091 1,113 1,191 1,321 1,329
Fire incidents 788 656 667 742 600
Communications Center (DUCOMM)
Police calls dispatched 9,666 12,696 18,552 19,853 19,442
Fire/EMS calls dispatched 2,156 2,071 2,294 2,448 2,246
Library
Total circulation 84,768 91,017 93,300 90,485 91,205
Total holdings 124,757 128,343 131,658 131,973 102,441
Community Development
Building permits issued 705 770 811 837 850
Estimated construction value $58,775,804 $76,987,646 $131,935,998 $110,922,495 $174,948,935
Inspections 2,139 2,311 2,617 2,648 2,790
Sports Core
B&T recreation memberships 320 363 347 338 307
Social memberships 59 67 68 82 81
Total events 35 56 66 72 65
Golf memberships 182 154 146 143 142
Total golf rounds 35,196 38,637 34,670 33,861 34,019
Public Works
Residential street miles 49 49 49 49 49
Fire hydrants 1,500 1,500 1,500 1,500 1,500
*Individual property tax rates may vary depending on school district boundaries.
The Village is required to perform an audit of its finances each year. Historically, the
Village has exceeded minimum reporting and disclosure standards including the
production of a CAFR for 38 consecutive years in accordance with guidelines published by the
Government Finance Officers Association. The 2015 CAFR, along with the 2016 Adopted
Budget and many other financial reports, can be found on the Village’s website at www.oak-
brook.org.
If you have any questions concerning this report or would like to offer any ideas or
suggestions for improvement, please feel free to contact Sharon Dangles, Assistant Village
Manager/Finance Director, at 630/368-5072 or email at sdangles@oak-brook.org.
Don’t forget to visit the Village of Oak Brook website
for current events, forms, maps, meeting agendas and minutes,
Village Code, contact information and more at:
www.oak-brook.org
Important Numbers
and Addresses
Village Hall
630/368-5000
1200 Oak Brook Road
Oak Brook, IL 60523
Fire HQ
(Non-Emergency)
630/368-5200
Police HQ
(Non-Emergency)
630/368-8700
Public Works
630/368-5270
For Police or Fire
Emergencies
Dial 911
Management Team
Village Manager
Riccardo Ginex
rginex@oak-brook.org
Assistant Village Manager/
Finance Director
Sharon Dangles
sdangles@oak-brook.org
Development Services Director Golf Manager
Robert Kallien, Jr. Sean Creed
rkallien@oak-brook.org screed@oakbrook.org
Fire Chief Police Chief
Barry Liss James Kruger
bliss@oak-brook.org jkruger@oak-brook.org
Public Works Director Library Director
Doug Patchin Sue Madorin
dpatchin@oak-brook.org smadorin@oak-brook.org
IT Director Bath and Tennis Manager
Jim Fox Chris Thompson
jfox@oak-brook.org cthompson@oak-brook.org
Contact Information 14
Village of Oak Brook Citizen’s Annual Financial Report
“Village of Oak Brook”
youtube.com/
oakbrooktv
@OakBrook
Village