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02 - February 2024 Monthly Financial Report
VILLAGE OAK BROOKOF MONTHLY FINANCIAL REPORTS FEBRUARY 2024 Estimated YTD YTD Net Fund Ending YTD YTD Increase Fund Balance Governmental Funds Revenues Expenditures (Decrease)(Deficit) General Fund (Major Fund)5,145,865$ 3,954,644$ 1,191,221$ 43,816,609$ Main operating fund of the Village. Hotel Fund (Major Fund)264,403$ 1,184$ 263,219$ 4,034,416$ Collects and spends resources from the 3% hotel/motel tax. Motor Fuel Tax Fund 90,053$ 7,624$ 82,430$ 2,104,531$ Collects and spends resources from the State motor fuel tax. Infrastructure Fund (Major Fund)1,338,711$ 173,776$ 1,164,935$ 15,589,443$ Accounts for construction and maintenance of roadways, drainage, and safety path systems. Enterprise Funds Water Fund (Major Fund)1,462,890$ 621,603$ 841,287$ 22,759,929$ Collects user fees for the distribution of water and maintenance of infrastructure. Sports Core Fund (Major Fund)41,585$ 288,915$ (247,330)$ 2,656,559$ Accounts for revenues and expenses relating to administration, programs, food and beverage operations, and golf course. Internal Service Funds Insurance Fund 469,537$ 749,737$ (280,200)$ 285,243$ Accounts for the Village's health insurance costs and the related contributions from the Village, employees, retirees, and other agencies. Garage Fund 2,400$ 92,991$ (90,592)$ 255,883$ Accounts for the maintenance of the Village's vehicle fleet and the related departmental reimbursements. Equipment Replacement Fund 17,103$ 3,334$ 13,770$ 3,061,727$ Accounts for the replacement of the Village's vehicle fleet and the related departmental contributions. Further information on the Village's major funds (as indicated above) can be found on the proceeding pages. Executive Summary on Village Funds Through February 29, 2024 2/29/24 2/29/24 2/28/23 2/29/24 YTD % of YTD 2024 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 2,872,086$ 2,816,895 2,749,434$ 102.5%16,496,604$ (55,191)$ State Income Tax 241,615 253,389 218,500 116.0%1,311,000 11,774 Replacement Tax 136,132 79,947 125,169 63.9%751,015 (56,185) Road & Bridge Tax - 15,433 5,833 264.6%35,000 15,433 Local Use Tax 60,268 57,071 56,000 101.9%336,000 (3,197) Cannabis Use Tax 2,069 2,175 2,197 99.0%13,180 106 Grants - 151,500 27,610 548.7%165,662 151,500 Utility/Telecom. Tax 1,001,362 603,955 766,667 78.8%4,600,000 (397,407) Licenses and Permits 1,066,919 588,925 374,635 157.2%2,247,810 (477,994) Charges for Services 736,959 194,656 362,442 53.7%2,174,650 (542,304) Investment Interest 119,565 275,341 75,000 367.1%450,000 155,776 Miscellaneous Income 124,682 106,578 152,678 69.8%916,070 (18,104) Total Operating Revenues 6,361,658$ 5,145,865$ 4,916,165$ 104.7%29,496,991$ (1,215,792)$ OPERATING EXPENDITURES Personnel 2,717,421$ 2,852,672$ 3,760,869$ 75.9%22,565,214$ 135,251$ Materials and Supplies 69,547 88,321 110,266 80.1%661,594 18,774$ Operation and Contract 650,920 1,000,217 1,054,052 94.9%6,324,313 349,298$ Other Expenditures 2,147 2,123 1,650 128.7%9,900 (24)$ Capital Outlay 609 11,311 110,518 10.2%663,107 10,702$ Total Operating Expenditures 3,440,643$ 3,954,644$ 5,037,355$ 78.5%30,224,129$ 514,001$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 2,921,014$ 1,191,221$ (121,190)$ -982.9%(727,137)$ (1,729,793)$ INTERFUND TRANSACTIONS Transfers In -$ -$ -$ N/A -$ -$ Transfers Out N/A - Reimbursements From Other Funds 130,286 - 145,990 0.0%875,938 (130,286) Reimbursements To Other Funds - - 16,667 0.0%100,000 - Sports Core Loan N/A - - Total Interfund Transactions 130,286$ -$ 162,656$ 0.0%975,938$ (130,286)$ NET FUND INCREASE (DECREASE)3,051,300$ 1,191,221$ 41,467$ 248,801$ (1,860,079)$ *Includes the collection of Income Tax, Use Tax, Road & Bridge Tax, Personal Property Replacement Tax, and Cannabis Use Tax. Village of Oak Brook General Fund Financial Update For the Period Ending February 29, 2024 2/29/24 2/29/24 2/28/23 2/29/24 YTD % of YTD 2024 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Hotel Tax 217,803$ 237,890$ 241,667$ 98.4%1,450,000$ 20,087$ Investment Interest 9,114 26,512 4,167 636.3%25,000 17,399 Loan Interest - - 333 0.0%2,000 - Miscellaneous - - - - Total Operating Revenues 226,917$ 264,403$ 246,167$ 107.4%1,477,000$ 37,486$ EXPENDITURES Operation and Contract 12,506$ 1,184$ 117,508$ 1.0%705,045$ (11,323)$ Capital Outlay - - 45,833 0.0%275,000 - Total Expenditures 12,506$ 1,184$ 163,341$ 0.7%980,045$ (11,323)$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 214,410$ 263,219$ 82,826$ 317.8%496,955$ 48,809$ INTERFUND TRANSACTIONS Transfer Out -$ -$ -$ N/A -$ -$ Reimbursements to Other Funds 58,248 - (40,653) 0.0%(243,915) (58,248) Total Interfund Transactions 58,248$ -$ (40,653)$ 0.0%(243,915)$ (58,248)$ NET FUND INCREASE (DECREASE)272,658$ 263,219$ 42,173$ 253,040$ (9,439)$ Note - Expenditures are recorded in program 171. Village of Oak Brook Hotel Tax Fund Financial Update For the Period Ending February 29, 2024 2/29/24 2/29/24 2/28/23 2/29/24 YTD % of YTD 2024 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Non-Home Rule Sales Tax 1,184,543$ 1,220,744$ 1,117,167$ 109.3%6,703,000$ 36,201$ Charges for Services - N/A -$ Investment Interest 29,529 117,388 20,833 563.5%125,000 87,859 Grants - - - N/A - - Miscellaneous - 580 3,833 15.1%23,000 580 Total Operating Revenues 1,214,072$ 1,338,711$ 1,141,833$ 117.2%6,851,000$ 124,639$ OPERATING EXPENDITURES Personnel 21,595$ 27,726$ -$ N/A -$ 6,130$ Materials and Supplies 100,896 32 7,750 0.4%46,500 (100,863) Operation and Contract 21,118 137,603 290,495 47.4%1,742,968 116,485 Other Expenditures - - 56,650 0.0%339,899 - Capital Outlay 577,153 8,415 563,963 1.5%3,383,775 (568,738) Total Operating Expenditures 720,762$ 173,776$ 918,857$ 18.9%5,513,142$ (546,985)$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 493,310$ 1,164,935$ 222,976$ 522.4%1,337,858$ 671,625$ INTERFUND TRANSACTIONS Transfers In -$ -$ -$ N/A -$ -$ Reimbursements From Other Funds 36,260 - - N/A - (36,260) Reimbursements To Other Funds (56,650) - - N/A - 56,650 Total Interfund Transactions (20,390)$ -$ -$ N/A -$ 20,390$ NET FUND INCREASE (DECREASE)472,921$ 1,164,935$ 222,976$ 1,337,858$ 692,015$ Village of Oak Brook Infrastructure Fund Financial Update For the Period Ending February 29, 2024 2/29/24 2/29/24 2/28/23 2/29/24 YTD % of YTD 2024 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Plan Review Fees 300$ 152$ 88$ 173.4%525$ (148)$ Building/Inspection Fees 375 - 333 0.0%2,000 (375) Water Sales 1,134,398 1,229,273 1,786,667 68.8%10,720,000 94,876 Unmetered Sales 5,116 1,200 10,833 11.1%65,000 (3,916) Water Connection Fees 102,580 13,110 23,333 56.2%140,000 (89,470) Fire Service Charge - - - N/A - - Meter Charges 4,757 3,080 2,883 106.8%17,300 (1,677) Special Services 576 - 1,667 0.0%10,000 (576) Investment Interest 110,009 197,211 58,333 338.1%350,000 87,202 Proceeds from Property Sale - - - N/A - - Miscellaneous 30,259 18,864 191,622 9.8%1,149,730 (11,395) Total Operating Revenues 1,388,370$ 1,462,890$ 2,075,759$ 70.5%12,454,555$ 74,519$ OPERATING EXPENDITURES Personnel 81,964$ 109,084$ 131,069$ 83.2%786,413$ 27,120$ Materials and Supplies 6,439 23,431 22,869 102.5%137,216 16,991 Operation and Contract 375,400 489,088 1,183,562 41.3%7,101,369 113,688 Capital Outlay - - 948,333 0.0%5,690,000 - Total Expenditures 463,804$ 621,603$ 2,285,833$ 27.2%13,714,999$ 157,799$ Surplus (Deficit) of Revenues Over Expenditures 924,567$ 841,287$ (210,074)$ -400.5%(1,260,444)$ (83,280)$ INTERFUND TRANSACTIONS Reimbursements To Other Funds (31,099)$ -$ (72,813)$ 0.0%(436,879)$ 31,099$ Total Interfund Transactions (31,099)$ -$ (72,813)$ 0.0%(436,879)$ 31,099$ Fund Increase/(Decrease) - Budgetary Basis 893,467$ 841,287$ (282,887)$ (1,697,323)$ (52,181)$ ADUSTMENTS TO GAAP BASIS* Remove Capital Outlay -$ -$ Depreciation Expense (95,833) (95,833) IMRF Pension Expense (7,500) (7,500) OPEB Expense (5,000) (5,000) Total GAAP Adjustments (108,333)$ (108,333)$ Fund Increase/(Decrease) - GAAP Basis 785,134$ 732,953$ *Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Water Fund Financial Update For the Period Ending February 29, 2024 Village of Oak Brook Monthly Operating Statement Sports Core Fund Consolidated Presentation For the Period Ending February 29, 2024 2/29/24 2/29/24 2/29/24 YTD % of YTD 2024 2/28/23 Difference B&T Recreation Field Clubhouse Golf YTD Amended Amended Adopted YTD Prior Operations Operations Operations Club Total Budget Budget Budget Total Year OPERATING REVENUES Memberships 21,200$ -$ -$ -$ 21,200$ 158,454$ 13.4%950,725$ -$ 21,200$ Greens Fees - - - - - 234,167 0.0%1,405,000 - - Pro Shop Sales - - - 3,986 3,986 36,333 11.0%218,000 348 3,638 Golf Lessons - - - - - 7,500 0.0%45,000 - - Driving Range Fees - - - 3,920 3,920 65,000 6.0%390,000 80 3,840 Rentals - - 12,053 - 12,053 166,367 7.2%998,200 2,531 9,522 Programs/User Fees - - - - - 18,300 0.0%109,800 - - Food Sales - - - - - 7,983 0.0%47,900 164 (164) Beverage Sales - - - - - 12,942 0.0%77,650 1,750 (1,750) Taste of Oak Brook - - - - - - N/A - - - Grants - - - - - - N/A - - - Other Revenue 295 - - 131 426 16,527 2.6%99,160 380 46 Total Operating Revenues 21,495$ -$ 12,053$ 8,037$ 41,585$ 723,572$ 5.7%4,341,435$ 5,253$ 36,332$ OPERATING EXPENDITURES Personnel -$ -$ -$ 97,642$ 97,642$ 232,497$ 42.0%1,671,380$ 92,398$ 5,244$ Materials & Supplies 193 - 3,330 8,843 12,365 72,209 17.1%718,900 5,010 7,355 Operational & Contractual 98,863 536 8,895 59,505 167,800 180,707 92.9%942,765 38,139 129,660 Other - - - - - - N/A - - - Capital - - - 11,108 11,108 179,376 6.2%466,750 - 11,108 Total Operating Expenditures 99,055$ 536$ 12,225$ 177,098$ 288,915$ 664,788$ 43.5%3,799,795$ 135,548$ 153,367$ B&T Administration Overhead Allocation*-$ -$ -$ -$ -$ -$ N/A -$ -$ -$ Operating Revenues Over (Under) Expenditures (77,560)$ (536)$ (172)$ (169,061)$ (247,330)$ 58,784$ -420.7%541,640$ (130,295)$ (117,035)$ INTERFUND TRANSACTIONS Interfund Loan**-$ -$ -$ -$ -$ -$ N/A -$ -$ -$ Transfer From General Fund - - - - - - N/A - - - Transfer From Golf Surcharge Fund - - - - - (4,159) 0.0%(24,957) - - Reimbursement From Infrastructure Fund - - - - - - N/A - - - Reimbursement From Water Fund - - - - - 6,667 0.0%40,000 - - Reimbursement To General Fund - - - - - (28,767) 0.0%(172,600) - - Total Interfund Transactions -$ -$ -$ -$ -$ (26,259)$ 0.0%(157,557)$ -$ -$ Total Revenues Over (Under) Expenditures - Budgetary Basis (77,560)$ (536)$ (172)$ (169,061)$ (247,330)$ 32,525$ 384,083$ (130,295)$ (117,035)$ ADUSTMENTS TO GAAP BASIS** Remove Capital Outlay -$ -$ -$ 11,108$ 11,108$ -$ Depreciation Expense (28,038) (281) (25,000) (41,050) (94,369) (94,369) IMRF Pension Expense (342) - (1,250) (4,083) (5,675) (5,675) OPEB Expense - - (1,250) (4,667) (5,917) (5,917) Total GAAP Adjustments (28,380)$ (281)$ (27,500)$ (38,692)$ (94,852)$ (105,960)$ Fund Increase/(Decrease) - GAAP Basis (105,940)$ (817)$ (27,672)$ (207,753)$ (342,182)$ (236,256)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a % basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Bath & Tennis Club Recreation Operations For the Period Ending February 29, 2024 2/29/24 2/29/24 822 2/29/24 YTD % of YTD 2024 2/28/23 Difference 811 812 813 Poolside YTD Adopted Amended Adopted YTD Prior B&T Admin Swimming Tennis Café Total Budget Budget Budget Total Year OPERATING REVENUES Memberships -$ 21,200$ -$ -$ 21,200$ 73,796$ 28.7%442,775$ -$ 21,200$ Programs/User Fees - - - - - 18,300.00 0.0%109,800 - - Food Sales - - - - - 1,000.00 0.0%6,000 - - Beverage Sales - - - - - 400.00 0.0%2,400 - - Grants - - - - - - N/A - - - Other Revenue 295 - - - 295 15,027 2.0%90,160 380 (85) Total Operating Revenues 295$ 21,200$ -$ -$ 21,495$ 108,522$ 19.8%651,135$ 380$ 21,115$ OPERATING EXPENDITURES Personnel -$ -$ -$ -$ -$ 41,981$ 0.0%251,888$ -$ -$ Materials & Supplies - 129 - 63 193 7,563 2.5%45,380 (123) 316 Operational & Contractual 78,726 20,137 - - 98,863 95,506 103.5%573,034 (1,318) 100,181 Other - - - - - - N/A - - - Capital - - - - - 145,750 0.0%874,500 - - Total Operating Expenditures 78,726$ 20,266$ -$ 63$ 99,055$ 290,800$ 34.1%1,744,801$ (1,441)$ 100,496$ B&T Administration Overhead Allocation*-$ -$ -$ -$ -$ -$ N/A 37,457$ -$ -$ Operating Revenues Over (Under) Expenditures (78,431)$ 934$ -$ (63)$ (77,560)$ (182,278)$ 42.6%(1,056,210)$ 1,821$ (79,381)$ Transfer From General Fund - - - - - - N/A - - Reimbursement From Infrastructure Fund - - - - - -$ N/A - - - Reimbursement From Water Fund - - - - - 6,667 0.0%40,000 - - Reimbursement To General Fund - - - - - (3,374) 0.0%(20,242) - - Total Interfund Transactions -$ -$ -$ -$ -$ 3,293$ 0.0%19,758$ -$ -$ Total Revenues Over (Under) Expenditures - Budgetary Basis (78,431)$ 934$ -$ (63)$ (77,560)$ (178,985)$ (1,036,452)$ 1,821$ (79,381)$ ADUSTMENTS TO GAAP BASIS** Remove Capital Outlay -$ -$ -$ -$ -$ -$ Depreciation Expense (10,727) (16,667) (450) (195) (28,038) (28,038) IMRF Pension Expense (333) - - (8) (342) (342) Total GAAP Adjustments (11,060)$ (16,667)$ (450)$ (203)$ (28,380)$ (28,380)$ Fund Increase/(Decrease) - GAAP Basis (89,491)$ (15,733)$ (450)$ (266)$ (105,940)$ (26,559)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs o a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Open Fields Operations For the Period Ending February 29, 2024 2/29/24 2/29/24 2/29/24 YTD % of YTD 2024 2/28/23 Difference 815 816 YTD Amended Amended Adopted YTD Prior Polo Open Fields Total Budget Budget Budget Total Year OPERATING REVENUES Field Rentals -$ -$ -$ 32,167$ 0.0%193,000$ 1,500$ (1,500)$ Range Rentals - - - - N/A - - - Taste of Oak Brook - - - - N/A - - - Other Revenue - - - N/A - - - Total Operating Revenues -$ -$ -$ 32,167$ 0.0%193,000$ 1,500$ (1,500)$ OPERATING EXPENDITURES Personnel -$ -$ -$ -$ N/A -$ -$ Materials & Supplies - - - 1,582 0.0%9,490$ - - Operational & Contractual - 536 536 12,675 4.2%76,050 14,020 (13,484) Other - - N/A - - - Capital - - - 7,667 0.0%46,000 - - Total Operating Expenditures -$ 536$ 536$ 21,923$ 2.4%131,540$ 14,020$ (13,484)$ Operating Revenues Over (Under) Expenditures -$ (536)$ (536)$ 10,243$ -5.2%61,460$ (12,520)$ 11,984$ INTERFUND TRANSACTIONS Transfer From Hotel Tax Fund -$ -$ -$ -$ N/A -$ -$ -$ Total Interfund Transactions -$ -$ -$ -$ N/A -$ -$ -$ Total Revenues Over (Under) Expenditures - Budgetary Basis -$ (536)$ (536)$ 10,243$ 61,460$ (12,520)$ 11,984$ ADUSTMENTS TO GAAP BASIS** Remove Capital Outlay -$ -$ -$ -$ Depreciation Expense - (281) (281) (281) Total GAAP Adjustments -$ (281)$ (281)$ (281)$ Fund Increase/(Decrease) - GAAP Basis -$ (817)$ (817)$ (12,801)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Bath & Tennis Clubhouse Operations For the Period Ending February 29, 2024 2/29/24 2/29/24 821 YTD % of YTD 2024 2/28/23 Difference B&T Amended Amended Adopted YTD Prior Clubhouse Budget Budget Budget Total Year OPERATING REVENUES Rentals 12,053$ 38,833$ 31.0%233,000$ 1,031$ 11,022$ Other Revenue - - 0.0%- - - Total Operating Revenues 12,053$ 38,833$ 31.0%233,000$ 1,031$ 11,022$ OPERATING EXPENDITURES Personnel -$ -$ N/A -$ 1,439$ (1,439)$ Materials & Supplies 3,330 2,292 145.3%13,750 - 3,330 Operational & Contractual 8,895 8,830 100.7%52,978 6,410 2,486 Capital - - N/A - - - Total Operating Expenditures 12,225$ 11,121$ 109.9%66,728$ 7,848$ 4,377$ B&T Administration Overhead Allocation*-$ -$ N/A (12,500)$ -$ -$ Operating Revenues Over (Under) Expenditures (172)$ 27,712$ -0.6%153,772$ (6,817)$ 6,645$ INTERFUND TRANSACTIONS Transfer From General Fund -$ -$ 0.0%-$ -$ -$ Total Interfund Transactions -$ -$ 0.0%-$ -$ -$ Total Revenues Over (Under) Expenditures - Budgetary Basis (172)$ 27,712$ 153,772$ (6,817)$ 6,645$ ADUSTMENTS TO GAAP BASIS** Remove Capital Outlay -$ -$ Depreciation Expense (25,000) (25,000) IMRF Pension Expense (1,250) (1,250) OPEB Expense (1,250) (1,250) Total GAAP Adjustments (27,500)$ (27,500)$ Fund Increase/(Decrease) - GAAP Basis (27,672)$ (34,317)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Golf Club Programs For the Period Ending February 29, 2024 2/29/24 2/29/24 823 831 832 833 834 2/29/24 YTD % of YTD 2024 2/28/23 Difference Golf Golf General Golf Learning Golf Cart Golf Course YTD Amended Amended Adopted YTD Prior Café Operation & Practice Operations Maintenance Total Budget Budget Budget Total Year OPERATING REVENUES Memberships -$ -$ -$ -$ -$ -$ 84,658$ 0.0%507,950$ -$ -$ Greens Fees - - - - - - 234,167 0.0%1,405,000 - - Pro Shop Sales - 3,986 - - - 3,986 36,333 11.0%218,000 348 3,638 Golf Lessons - - - - - - 7,500 0.0%45,000 - - Driving Range Fees - - 3,920 - - 3,920 65,000 6.0%390,000 80 3,840 Rentals - - - - - - 95,367 0.0%572,200 - - Food Sales - - - - - - 6,983 0.0%41,900 164 (164) Beverage Sales - - - - - - 12,542 0.0%75,250 1,750 (1,750) Other Revenue - 131 - - - 131 1,500 8.7%9,000 - 131 Total Operating Revenues -$ 4,117$ 3,920$ -$ -$ 8,037$ 544,050$ 1.5%3,264,300$ 2,342$ 5,695$ OPERATING EXPENDITURES Personnel -$ 64,461$ -$ -$ 33,181$ 97,642$ 190,515$ 51.3%1,143,092$ 90,960$ 6,682$ Materials & Supplies - 3,080 1,878 - 3,885 8,843 60,772 14.6%364,633 5,133 3,709 Operational & Contractual - 16,304 - 30,430 12,771 59,505 63,697 93.4%382,181 19,027 40,478 Other - - - - - - - N/A - - - Capital - - - - 11,108 11,108 25,959 42.8%155,755 - 11,108 Total Operating Expenditures -$ 83,845$ 1,878$ 30,430$ 60,945$ 177,098$ 340,944$ 51.9%2,045,661$ 115,120$ 61,978$ Operating Revenues Over (Under) Expenditures -$ (79,728)$ 2,042$ (30,430)$ (60,945)$ (169,061)$ 203,107$ -83.2%1,218,639$ (112,778)$ (56,283)$ INTERFUND TRANSACTIONS Overhead Charge -$ -$ -$ -$ -$ -$ (4,159)$ 0.0%(24,957)$ -$ -$ Transfers from Other Fund - - - - - - - 0.0%150,000 - - Reimbursement to General Fund - - - - - - (25,393) 0.0%(152,358) - - Total Interfund Transactions -$ -$ -$ -$ -$ -$ (29,552)$ 0.0%(27,315)$ -$ -$ Total Revenues Over (Under) Expenditures - Budgetary Basis -$ (79,728)$ 2,042$ (30,430)$ (60,945)$ (169,061)$ 173,554$ 1,191,324$ (112,778)$ (56,283)$ ADUSTMENTS TO GAAP BASIS* Remove Capital Outlay -$ -$ -$ -$ 11,108$ 11,108$ -$ Depreciation Expense (167) (17,500) (383) (2,167) (20,833) (41,050) (41,050) IMRF Pension Expense (417) (1,667) (167) - (1,833) (4,083) (4,083) OPEB Expense (500) (2,500) - - (1,667) (4,667) (4,667) Total GAAP Adjustments (1,083)$ (21,667)$ (550)$ (2,167)$ (13,225)$ (38,692)$ (49,800)$ Fund Increase/(Decrease) - GAAP Basis (1,083)$ (101,395)$ 1,492$ (32,597)$ (74,170)$ (207,753)$ (162,578)$ *Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year.