AFR (Year Ended April 30, 1977) 1 VILLAGE OF
1 OAK BROOK,
� ILLINOIS
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� Annual Financial Report
Year Ended April 30, 1977
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I ANNUAL
FINANCIAL REPORT
Village of Oak Brook, Illinois
Year ended April 30, 1977
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PRESIDENT
' George B. Howell
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' CLERK
Marianne Lakosil
' TRUSTEES
Frederick W. Brown
' Wence F. Cerne
George Congreve
' Eldon K. Glaves
Arthur W. Philip
Joseph H. Rush
VILLAGE MANAGER
Kenneth G. Carmignani
PART I
Letter Report of the Village Manager
' PART II
Accountants' Report
Index to Financial Statements
Financial Statements
' PART III
' Index to Financial Statistics
' Financial Statistics
VILLAGE OF OAK BROOK, ILLINOIS
Annual Financial Report
Year ended April 30, 1977
' TABLE OF CONTENTS
Exhibit
' Part I - Introductory Section:
Letter Report of the Village Manager
Part II - Financial Statements:
Accountants' Report
Index to Financial Statements
Combined Statements:
Balance Sheet - All Funds, April 30, 1977 . . . . . . . . . . . . . . AA
Statement of Revenue - General and
Special Revenue Funds (and
Comparison with Estimated Revenue) ,
' year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . BB
Statement of General Governmental Expenditures -
General and Special Revenue Funds (and
Comparison with Appropriations) ,
year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . CC
Interfund Accounts, April 30, 1977 . . . . . . . . . . . . . . DD
Bonds Payable, April 30, 1977 . . . . . . . . . . . . . . . . . . . . EE
Schedule of Investments - All Funds, April 30, 1977 . . . . . . . . . FF
Corporate Fund:
Balance Sheet, April 30, 1977 . . . . . . . . . . . . . . . . . . . . A
Statement of Revenue and Expenditures
(and Comparison with Estimated Revenue
and Appropriations) and Fund Balance,
' year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . A-1
Statement of Detailed Revenue
(and Comparison with Estimated Revenue) ,
year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . A-2
Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) ,
year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . A-3
Statement of Capital Outlay
(and Comparison with Appropriations) ,
year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . A-4
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TABLE OF CONTENTS
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Exhibit
Special Revenue Funds:
Combined Balance Sheet, April 30, 1977 . . . . . . . . . . . . . . . . B
Balance Sheet, April 30, 1977:
Motor Fuel Tax Fund C
Federal Revenue Sharing Trust Fund . . . . . . . . . . . . . . . . . D
Statement of Revenue and Expenditures
(and Comparison with Estimated Revenue
and Appropriations) and Fund Balance,
year ended April 30, 1977:
' Motor Fuel Tax Fund . . . . . . . . . . . . . . . . . . . . . . . C-1
Federal Revenue Sharing Trust Fund D-1
I Capital Projects Fund:
Balance Sheet, April 30, 1977 • • . • • . , • • . • . • • • • • • • .
E
Statement of Revenue and Expenditures
and Fund Balance,
year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . E-1
Enterprise Fund - Waterworks System Fund:
Balance Sheet, April 30, 1977 . . . . . . . . . . . . . . . . . . . . F
Statement of Revenue and Expenditures
(and Comparison with Estimated Revenue and
Appropriations) , year ended April 30, 1977 . . . . . . . . . . . . . F-1
Statement of Changes in Fund Balance,
year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . F-2
' Statement of Changes in Financial Position
(Operations and Maintenance Account Only) ,
year ended April 30, 1977 . . . . . . . . . . . . . . . . . . . . . F-3
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Operating Expenditures and Summary of Capital Outlay (and Comparison with
Appropriations) , year ended April 30, 1977 • , , • • • . • • . . F-4
Plant and Equipment and Accumulated
Depreciation and Amortization:
year ended April 30, 1977 F-5
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Trust and Agency Funds:
Combined Balance Sheet, April 30, 1977 , G
Statement of Revenue and Expenditures (and
Comparison with Estimated Revenue and
' Appropriations) and Reserve for Funded
Obligations, year ended April 30, 1977:
Police Pension Fund . . . . . . . . . . . . . . . . . . . . . . . G-1
' Firemen's Pension Fund . . . . . . . . . . . . . . . . . . . . . . G-2
General Fixed Assets:
Statement of General Fixed Assets:
April 30, 1977 g
Statement of Changes in Investment
in General Fixed Assets,
year ended April 30, 1977 p-1
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TABLE OF CONTENTS
' Exhibit
General Long-term Debt:
Statement of General Long-term Debt:
April 30, 1977 I
Notes to Financial Statements
Table-
Part
ablePart III - Financial Statistics:
Index to Financial Statistics
IGeneral Governmental Expenditures by Function,
Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . 1
General Revenues by Source,
' Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . 2
Assessed and Estimated Actual Value of
Taxable Property, Last Ten Fiscal Years . . . . . . . . . . . . . . . 3
Property Tax Rates - All Overlapping Governments
(per $100.00 Assessed Valuation) ,
Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . u
Computation of Legal Debt Margin,
April 30, 1977 • '
Debt Service to Maturity - Waterworks
' Reserve Bonds,
April 30, 1977 . 6
Building Permit Data,
Last Ten Calendar Years . . . . . . . . . . . . . . . . . . . . . . .
Schedule of Insurance in Effect,
Fiscal Year 1977-1978 . . . . . . . . . . . 8
Miscellaneous Statistical Data,
April 30, 1977 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
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PART I
rLETTER REPORT OF THE VILLAGE MANAGER
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Certificate
of
Conformance
in Financial
Reporting
Presented to
ill ofBi-ook, 111*1110-ISae a �
For its Annual Financial Report '
for the Fiscal Year Ended
A ) ri 130, 1976
A Certificate of Conformance in Financial Reporting is presented ,
by the Municipal Finance Officers Association of the United States and Canada
to governmental units whose annual financial reports are judged to
substantially conform to the financial reporting principles and
standards promulgated by the National Council on Governmental Accounting.
Presi t ,
Executive D�for f
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Date Yttovember 10,191(, 1
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VILLAGE OF OAK BROOK
1200 OAK BROOK ROAD
' OAK BROOK, ILLINOIS
654-2220
June 2, 1977
' President and Board of Trustees
Village of Oak Brook, Illinois
Gentlemen:
I am pleased to present the annual financial report of the Village of Oak Brook,
Illinois for the fiscal year ended April 30, 1977.
' The Municipal Finance Officers Association of the United States and Canada
awarded the Village of Oak Brook, Illinois its Certificate of Conformance for the Village's
Annual Financial Report for the fiscal year ended April 30, 1976. This certificate is awarded
only to those governmental units whose financial reports substantially conform with the
high standards of financial reporting promulgated by the National Council on Governmental
Accounting. The April 30, 1977 Annual Financial Report submitted herewith continues to
meet these standards.
The report consists of three sections:
Part I — Letter of transmittal.
' Part II — The audited financial statements for the
fiscal year ended April 30, 1977 and the
accompanying opinion of the independent
' accountants, Peat, Marwick, Mitchell & Co.
Part III — Comparative statistical data and schedules
' which contribute to the value of the report
as an official reference document.
This letter describes the significant aspects of financial operations during the
year. It is my hope that this report will materially assist the Board of Trustees, Village
officials and personnel and our citizens in better understanding the financial activities and
transactions relating to our Village Government.
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General Governmental Revenue
and Expenditures
Revenue for general governmental functions totaled $3,163,686, an increase of
$215,447, or 7.3%. Intergovernmental revenue is the major revenue source for the Village
producing 83.8% of current year general governmental revenue as compared with 79.5%last
year. Intergovernmental revenue increased 13.1010 compared to 1976. The amount of reve-
nue from various sources and the increase (decrease) over last year are shown in the fol-
lowing tabulation:
Increase
Percent (Decrease)
Rev n ,P Bio ,rre Amount of total over 1976
Intergovernmental revenue $ 2,650,109 83.8% $ 307,535
Licenses and permits 123,894 3.9 26,079
Charges for services 74,062 2.3 (85,847)
Fines and penalties 55,534 1.8 (1,492)
Interest on investments 91,824 2.9 (22,479)
Miscellaneous 28,263 0.9 (41,349)
Transfer from Waterworks System Fund 140.000 4.4 33,000
$ 3,163,686 100.0% $ 215,447
The Village has never levied taxes for corporate purposes. However, the as-
sessed valuation of the Village was $164,387,000, an increase of $15,584,000, or 10.5%
' over the prior year.
Expenditures for general governmental purposes for the year ended April 30,
' 1977 were $3,282,050, an increase of $158,734, or 5.1%over last year. Increase (decrease)
in levels of expenditures for major functions of the Village over the preceding year are
shown in the following tabulation:
' Increase
Percent (Decrease)
' Function Amount of total over 1976
General government $ 710,523 21.7% $ 2,839
Public safety 1,794,552 54.7 114,765
Public works 597,702 18.2 (47,633)
Health and welfare 14,333 0.4 2,460
' Culture and recreation 164,940 5.0 86,303
$ 3,282,050 100.0°'o $ 158,734
Included in the $3,282,050 are capital outlay expenditures amounting to $320,408.
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Bond Debt Administration
The Village has no general obligation bond debt. Outstanding revenue bonds of
the Waterworks System Fund at April 30, 1977 are presented in Exhibit EE with the
schedule of maturities thereon presented in Table 6.
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independent Audit
' The Illinois Statutes require an annual audit of the financial statements of the
various funds and account groups of the Village. This requirement has been complied with
and the opinion of the independent public accountants is included in Part II of this report.
Acknowledgements
I wish to express my appreciation to the members of the Finance Department
and other department heads of the Village who have made possible the publication of this
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Respectfully submitted,
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1 Kenneth G. Carmignani
Village Manager
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' PART II
FE-4ANCIAL STATEMENTS
' PEAT, MARWICK, MITCHELL & CO.
CERTIFIED PUBLIC ACCOUNTANTS
' 222 SOUTH RIVERSIDE PLAZA
CHICAGO. ILLINOIS GOGOG
' President, Board of Trustees
and Village Manager
Village of Oak Brook
' Oak Brook, Illinois:
' We have examined the financial statements of the several funds and account
groups of the Village of Oak Brook, Illinois as of and for the year ended
April 30, 1977, as listed under the exhibits in the accompanying table of
contents. Our examination was made in accordance with generally accepted
' auditing standards, and accordingly included such tests of the accounting
records and such other auditing procedures as we considered necessary in
the circumstances.
' In our opinion, the aforementioned financial statements present fairly
the financial position of the several funds and account groups of the
' Village of Oak Brook, Illinois at April 30, 1977 and the results of their
operations and the changes in financial position of the Waterworks System
Fund for the year then ended, in conformity with generally accepted
' accounting principles applied on a basis consistent with that of the pre-
ceding year.
' June 2, 1977
PART II
tINDEX TO FINANCIAL STATEMENTS
GENERAL INDEX
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Exhibit
iCombined Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . AA - FF
Corporate Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A
Special Revenue Funds:
Combined Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . B
' Motor Fuel Tax Fund . . . . . . . . . . . . . . . . . . . . . . . . . C
Federal Revenue Sharing Trust Fund . . . . . . . . . . . . D
' Capital Projects Fund . . . . . . . . . . . . . . . . . . . . . . . . . . E
Enterprise Fund - Waterworks System Fund . . . . . . . . . . . . . . . . F
' Trust and Agency Funds . . . . . . . . . . . . . . . . . . . . . . . . . G
' General Fixed Assets . . . . . . . . . . . . . . . . . . . . . . . . . . H
General Long-term Debt . . . . . . . . . . . . . . . . . . . . . . . . . I
' Notes to Financial Statements
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Exhibit AA
VILLAGE OF OAK BROOK, ILLINOIS
' All Funds
Balance Sheets
April 30, 1977
' Special Capital Waterworks Trust and General General
Corporate Revenue Projects System Agency Fixed Long-term
Fund Funds Fund Fund Funds Assets Debt
' Assets (Exhibit A) (Exhibit B) (Exhibit E) (Exhibit F) (Exhibit G) (Exhibit H) (Exhibit I)
Cash $ 945.31 49.77 - 59.99 44,650.47 - -
' Savings account 65,200.00 27,104.52 - 94,580.00 46,250.15 = _
Certificates of deposit 951,500.00 130,000.00 533,200.00 1,385,000.00
State of Illinois, Public Treasurer's Investment Pool 475,000.00 130,000.00
Accrued interest receivable 9,932.88 - - 7,778.23 15,804.92 - -
' Sales tax receivable 510,000.00 - _ __ _
Motor fuel tax allotments receivable 3,013.55
Accounts receivable - customers - - - 37,768.52 - - -
Unbilled water revenue, estimated - - - 102,312.29 - - -
' State income tax0 s receivable 7,213.88 - _ - _ __
Accounts receivable - other 7,080.74 97,168.46
Due from other funds 1,149.30 - 10,554.81 - 3,242.70 - -
' Acquisition and construction account assets - - -
revenue bonds of 1973 and 1976 - - - 3,352,607.74 -
Inventory of equipment and supplies 11,338.95 - - 22,127.00 - - -
Fixed assets, net of accumulated depreciation - - - 3,280,180.11 - 6,619,532.16 -
' Unamortized bond discount - - - 48,563.59 - - -
Amounts to be provided from future revenues
and other sources - - - - 1,101,127.79 - 1,961,687.33
' $ 2,039.361.06 160.167.84 10.554.81 7,706,345.93 2,596,076.03 6,619,532,16 1.961.687.33
Liabilities
' Accrued payroll 57,071.00 - - 1,552.93
Accounts payable 158,892.42 3,629.17 1,606.76 96,153.71
Contracts payable and retainage - - 8,948.05 57,565.61 - - -
t Accrued pension expense = _ _ - 1,838.03 =
Deposits 1,800.00
Due to other funds 3,242.70 10,554.81 -. 1,149.30
Bonds payable - - - 6,175,000.00 - - -
Payable from future revenues and other sources: - -
Notes payable _ - - -
1,391,372.25
Interest on notes payable - - - - - -
224,749.99
Contracts payable - _ - - - _
' 345,565.09
Reserves:
Funded obligations:
Statutory - - - - 819,949.06 - -
' Excess - - - - 673,161.15 - -
Unfunded actuarial deficiency for prior
service costs _ _ _ - 1,101,127.79 _
Fund balances: - - - - - -
Restricted accounts 834,449.48
Equity in fixed assets 314,471.70 6,619,532.16
Unappropriated 1,820,154.94 145,983.86 - 224,203.20 - - -
$ 2,039.361.06 160,167.84 10,554.81 7,706,345.93 2,596,076.03 6.619.532.16 1,961,687.33
See accompanying notes to financial statements.
' VILLAGE OF OAK BROOK, ILLINOIS Exhibit BB
General and Special Revenue Funds
Combined Statement of Revenue
' (and Comparison with Estimated Revenue)
Year ended April 30, 1977
' Actual
Estimated Actual over (under)
' Source and Fund revenue revenue estimated
Intergovernmental revenue:
' General $ 2,221,000.00 2,547,951.58 326,951.58
Special revenue 98,375.00 102,157.53 3,782.53
' Total intergovernmental
revenue 2,319,375.00 2,650,109.11 330,734.11
Licenses and permits - General 158,500.00 123,893.87 (34,606.13)
' Charges for services - General 117,700.00 74,062.10 (43,637.90)
Fines and penalties - General 59,000.00 55,534.29 (3,465.71)
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Interest on investments:
' General 90,000.00 82,410.07 (7,589.93)
Special revenue 6,500.00 9,413.62 2,913.62
Total interest earned on
' investments 96,500.00 91,823.69 (4,676.31)
Miscellaneous - General 36,500.00 28,262.60 (8,237.40)
' Transfer from Waterworks System Fund 140,000.00 139,999.92 (.08)
' Total revenue $ 2.927.575.00 3.163.685.58 236.110.58
See accompanying notes to financial statements.
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VILLAGE OF OAK BROOK, ILLINOIS Exhibit CC
' General and Special Revenue Funds
Combined Statement of General Governmental Expenditures
(and Comparison with Appropriations)
Year ended April 30, 1977
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Function and Fund Appropriations E (Over) under
A
pp Expenditures expended
' General government - General $ x'796,666.00 710,523.00 86,143.00
Public safety - General 1,977,484.00 1,794,552.46 182,931.54
Public works:
General �� 20,313.00 563,676.44 256,636.56
Motor Fuel Tax 16,600.00 34,025.67 (17,425.67)
836,913.00 597,702.11 239,210.89
Health and welfare - General -\,18,700.00 14,333.30 4,366.70
Culture and recreation:
General --- 83,684.00 77,637.94 6,046.06
Federal Revenue Sharing \,93,326.00 87,301.87 6,024.13
177,010.00 164,939.81 12,070.19
' Total expenditures $ 0 3,282,050.6§ 524
' See accompanying notes to financial statements.
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Exhibit DD
' VILLAGE OF OAK BROOK, ILLINOIS
Interfund Accounts
April 30, 1977
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' Due from Due to
other other
Fund funds funds
' Corporate:
Waterworks System $ 1,149.30 -
' Police Pension _ 1,717.62
Firemen's Pension 1,525.08
Total Corporate 1,149.30 3,242.70
' Special Revenue - Federal Revenue Sharing -
Capital Projects - 10 554.81
' Capital Projects - Federal Revenue Sharing 10,554.81 -
Waterworks System Fund - Corporate - 1,149.30
Trust and Agency:
Police Pension - Corporate 1,717.62 -
Firemen's Pension - Corporate 1,525.08 -
Total Trust and Agency 3,242.70 -
See accompanying notes to financial statements.
VILLAGE OF OAK BROOK, ILLINOIS Exhibit EE
' Bonds Payable
April 30, 1977
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Amount of Bonds
' Interest original outstanding
Rates Dates issue Redemption Apr.30,1977
Waterworks revenue
' bonds:
6.00;
5.20;
' 5.10;
5.00;
Series of 1973 4.00% 11-1 and 5-1 $ 3,300,000.00 125,000.00 3,175,000.00
' 4.40;
5.10;
5.50; -
Series of 1976 5 11-1 and 5-1 3,000,000.00 3,000,000.00
$ 6.300.000.00 125.000.00 6 75.000.00
See accompanying notes to financial statements.
Exhibit FF
' VILLAGE OF OAK BROOK, ILLINOIS
' Schedule of Investments - All Funds
April 30, 1977
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Interest Maturity Par
rates (%) dates value
' Corporate Fund:
Certificates of deposit: 5.67 5-12-77 $ 386,500.00
' 5.75 7-19-77 100,000.00
5.75 8-12-77 100,000.00
6.50 4-28-78 365,000.00
Savings account 5.00 - 65,200.00
Public Treasurer's Investment Pool * - 475,000.00
Total Corporate Fund 1,491,700.00
Special Revenue Funds:
Motor Fuel Tax Fund:
' Certificate of deposit 5.75 7-19-77 50,000.00
Savings account 5.00 12,140.78
' 62,140.78
Federal Revenue Sharing Fund:
Certificate of deposit 5.75 7-19-77 80,000.00
Savings account 5.00 - 14,963.74
94,963.74
Total Special Revenue Funds $ 7.104.52
' (Continued)
2 Exhibit FF
' VILLAGE OF OAK BROOK, ILLINOIS
Schedule of Investments - All Funds, Continued
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' Interest Maturity Par
rates %) dates value
Trust and Agency Funds:
' Police Pension Fund:
Certificates of deposit: 6.50 4-29-77 40,000.00
6.00 6- 7-77 40,000.00
' 7.25 7-30-77 40,000.00
6.00 9-20-77 40,000.00
6.50 12-13-77 100,000.00
6.50 12-14-77v' 100,000.00
6.50 1-28-78v'.' 45,000.00
6.50 2-24-78 40,000.00
7.75 4-22-81 40,000.00
7.50 5-13-81'1 40,000.00
7.50 5-13-81'11, 40,000.00
7.75 5-13-81"' 40,000.00
' 7.50 5-13-81✓ 40,000.00
7.50 5-13-81`� 40,000.00
7.75 5-13-81'� 40,000.00
' 7.50 1-28-82 ✓ 40,000.00
Savings account 5.00 35,324.62
' 800,324.62
Firemen's Pension Fund:
Certificates of deposit: 6.75 7-31-77 40,000.00
' 6.75 8-10-77 40,000.00
6.75 9- 6-77 40,000.00
6.75 11-27-77 30,000.00
' 6.75 11-27-77 30,000.00
6.75 2-11-78 40,000.00
6.75 3- 5-78 40,000.00
6.75 8- 3-78 40,000.00
6.75 8-31-78 40,000.00
6.75 8- 5-78 40,000.00
6.75 10-31-78 40,000.00
' 6.75 1- 1-79 40,000.00
6.75 12-22-79 40,000.00
7.50 10-22-80 40,000.00
' 7.50 1-10-81 40,000.00
7.50 4- 7-81 40,000.00
Savings account 5.00 - 10,925.53
' 630,925.53
' Total Trust and Agency Funds $ 1,,,431.250.15
(Continued)
3 Exhibit FF
' VILLAGE OF OAK BROOK, ILLINOIS
Schedule of Investments - All Funds, Continued
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' Interest Maturity Par
rates (%) dates value
Waterworks System Fund:
Operations and maintenance account -
' savings account 5.00 - $ 24,200.00
Acquisition and construction account -
' revenue bonds of 1973:
Certificate of deposit 5.75 4-19-77 172,000.00
Savings account 5.00 - 3,400.00
1 175,400.00
Acquisition and construction account -
revenue bonds of 1976:
Certificates of deposit: 5.67 5-12-77 150,000.00
5.75 7-19-77 150,000.00
6.575 8-10-77 1,250,000.00
5.75 8-12-77 300,000.00
' Savings account 5.00 _ 12,170.00
Public Treasurer's Investment Pool * 411,000.00
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2,273,170.00
Bond and interest account - -
savings account 5.00 3,760.00
' Bond reserve account:
Certificates of deposit: 5.67 5-12-77 115,200.00
5.75 7-19-77 53,600.00
Savings account 5.00 - 5,350.00
' Depreciation, improvement and extension 174,150.00
account:
' Certificates of deposit 5.65 5-11-77 100,000.00
5.25 7-19-77 87,400.00
Savings account 5.00 - 10,000.00
' Public Treasurer's Investment Pool * - 130,000.00
327,400.00
Surplus account:
' Certificate of deposit 5.75 8-12-77 177,000.00
Savings account 5.00 51,270.00
' 228,270.00
Total Waterworks System Fund $ 3.206.350.00
' *Interest rate fluctuates and is a function of the investment decisions made by the
State of Illinois Treasurer. The First National Bank of Chicago acts as trustee,
executing transactions at the State Treasurer's direction.
' See accompanying notes to financial statements.
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' Exhibit A
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
Balance Sheet
April 30, 1977
' Assets
Cash $ 945.31
Savings account 65,200.00
Certificates of deposit 951,500.00
State of Illinois, Public Treasurer's
Investment Pool 475,000.00
Accrued interest receivable 9,932.88✓
Sales taxes receivable 510,000.00
State income taxes receivable 7,213.88'/
' Accounts receivable - other 7,080.74 ✓
Due from other funds 1,149.30 ✓�
' Inventory of supplies 11,338.95
$ Z.932.361.06
' Liabilities
Accrued payroll 57,071.00
' Accounts payable 158,892.42
Due to other funds 3,242.70
Fund balance 1,820,154.94
' $ 2.039.361.06
' See accompanying notes to financial statements.
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' VILLAGE OF OAK BROOK, ILLINOIS Exhibit A-1
' Corporate Fund
Statement of Revenue and Expenditures (and Comparison with
' Estimated Revenue and Appropriations) and Fund Balance
Year ended April 30, 1977
' Estimated
revenue and
' appropriations Actual
Revenue (Exhibit A-2) :
Municipal sales tax $ 2,060,000.00 2,353,857.52
Illinois state income tax 56,000.00 68,916.45f
York Township road and bridge tax 75,000.00 89,054.54,--
Reimbursement
9,054.54�Reimbursement from state 30,000.00 36,123.07
Service charges 117,700.00 74,062.10
' Licenses and permits 158,500.00 123,893.87
Fines and penalties 59,000.00 55,534.29
Miscellaneous 126,500.00 110,672.67 Ile
Transfer from Waterworks System Fund 140,000.00 139,999.92
' Total revenue 2,822,700.00 3 052 114.43
' Expenditures:
Operating (Exhibit A-3) :
Legislative ,16,891.00 18,132.14
' General government766,547.00 667,218.17
Public safety '--1,885,858.00 1,715,162.70
Public works .--562,253.00 418,728.00
Health and welfare X18,700.00 14,333.30
Culture and recreation x'54,398.00 54,443.44
3,304,647.00 2,888,017.75
Capital outlay (Exhibit A-4) :
General government 13,228.00 25,172.69
Public safety x.91,626.00 79,389.76
Public works X258,060.00 144,948.44
' Culture and recreation X29,286.00 23,194.50
392,200.00 272,705.39
Total expenditures 3,696,847.00 3,160,723.14
' Excess (deficiency) of revenue over
expenditures $ (874.147.00) (108,608.71)
' Fund balance April 30, 1976 1,928,763.65
Fund balance April 30, 1977 $ 1.820.154.94
See accompanying notes to financial statements.
Exhibit A-2
' VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
Statement of Detailed Revenue (and
Comparison with Estimated Revenue)
' Year ended April 30, 1977
Estimated
revenue Actual
Municipal sales tax $ 2,060,000.00 2,353,857.52
Illinois state income tax 56,000.00 68,916.45
' York Township road and bridge tax 75,000.00 9,054.54
Reimbursement from state 30,000.00 N�'44 36,123.07 `
' Service charges:
Plan review fees 3,000.00 4,340.00
Special police service 20,000.00 15,075.72
Special fire service 22,000.00 18,267.44 -'
Engineering inspection fees 50,000.00 14,200.47✓
Police training reimbursement 5,000.00' 5,257.711 Fire training reimbursement 2,000.00 2,293.79 ✓
Zoning fees 1,500.00 3,890.00'
Recording of legal instruments 200.00 27.75✓
' Miscellaneous 14,000.00 10,709.22✓
117,700.00 74,062.10
Licenses and permits:
' Liquor 35,000.00 34,725.00
Electrical 28,000.00 18,595.60
Building structure 30,000.00 27,251.60-/
' Vending machine 6,500.00 14,546.50
Elevator 3,500.00 7,243.50
Plumbing 6,000.00 7,785.00-'
' Garbage 1,500.00 1,500.00/
Business 40,000.00
Miscellaneous 8,000.00, 12,246.67✓
158,500.00 123,893.87-"
' Fines and penalties:
Assessed by courts 44,000.00 34,227.29
Assessed by Village 15,000.00 21,307.00
59,000.00 55,534.29/
Miscellaneous:
Interest on investments 90,000.00 82,410.07
' Reimbursement for loss 2,000.00 17,841.25
Construction reimbursements - -
Foreign fire insurance tax 4,500.00 5,178.36
' Contribution from public source 6,000.00
Contribution from private source 2031000.00
Miscellaneous 4,000.00 5,242.99
' 126,500.00 110,672.67
Transfer from Waterworks System Fund 140,000.00 139,999.92
' Total revenue $ 2.822.700.00 3.052.114.43
See accompanying notes to financial statements.
' Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
' Statement of Detailed Operating Expenditures
(and Comparison with Appropriations)
Year ended April 30, 1977
Appropriations Actual
Legislative:
' Board of Trustees:
Salaries and wages $ 5,170.00 4,665.76
Advertising 550.00 264.78
' Entertainment 1,320.00 1,296.74
Bond coverage 67.00 86.35
FICA taxes 308.00 (286.21 )
Dues and membership 340.00 15.00
Other commodities 330.00 234.19
Other contractual services 110.00 -
8,195.00 6,849.03
' Plan commission:
Salaries and wages 660.00 2,541.89
Professional services 550.00 -
' Printing 550.00 308.42
Dues and membership 770.00
Other commodities 55.00 37.90
Other contractual services 231.00 77.20
FICA taxes 44.00 73.82
Photo and blueprinting 55.00 25.76
General office supplies -22.00 360.21
Postage 467.59
Advertising - 19.80
Maps, magazines, periodicals and books - 53.23
' Board of Firemen and Police: 2,.937.00 3,965.82
Medical and hospital services 440.00 -
Professional services 550.00 585.00
Advertising 55.00 338.51
Other contractual services 110.00 -
Dues and membership 83.00 100.00
Other commodities 28.00 -
1,266.00 1,023.51
Zoning Board of Appeals:
' Salaries and wages 440.00 1,331.05
Advertising 660.00 909.45
Other contractual services 2,760.00 3,220.35
' Other commodities 55.00 74.95
-
Postage 40.50
Other professional services - 5.00
' Printing 550.00 676.23
FICA taxes 28.00
General office supplies - 11.70
' Maps, magazines and books - 24.55
4,493.00 6,293.78
Total Legislative $ 16.891.00 18,132.14
(Continued)
' 2 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
Statement of Detailed Operating Expenditures
' (and Comparison with Appropriations) , Continued
Appropriations Actual
' General Government:
Legal:
Legal services $ 35,750.00 43,699.95
Court cost and litigation 18,750.00 26,176.26
Intergovernmental legal expenses 5,942.00
54,500.00 75,818.21
' Village Manager's Office:
Salaries and wages _ 80.485.00 68,993 35
' Telephone and telegraph 550.00 664.01
Postage 83.00 398.87
Travel expenses 660.00 31.80
Automotive equipment maintenance 275.00 35.00
' Office equipment maintenance 220.00 206.50
Medical and hospital 110.00
Professional services 880.00 X 8,819.38
' Advertising 110.00 9.00
Printing 220.00 42.50
Photographing - 103.26
' Training expenses 220.00 135.00
Entertainment 550.00 413.96
Other contractual services 5_,600.00 50.00 _
Public liability 454.00 424.13
Automobile insurance 268.00 244.15
Bond coverage 95.00 85.89
Workmen's compensation insurance 104.00 86.73
Pension contribution 8,888.00 C 7,761.28)
FICA taxes [ 272.43 )
Medical and life insurance 2,310.00 (2,296.60)
License fees 6.00 5.00
Dues and membership 660.00 963.60
General office supplies 660.00 1,281.77
1 Periodicals and books 220.00 147.75
Medical and laboratory supplies 11.00
Tools - 56.44
Gas and oil 550.00 493.58
' Automotive equipment materials 330.00 237.98
Duplicating and drafting supplies 11.00 35.34
Other commodities 11.00 10.64
$ 104,541.00 94,305.94
' (Continued)
' 3 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
' Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
1
Appropriations Actual
' Elections:
Salaries and wages $ 220.00 105.00
' Advertising 165.00 13.95
Printing 440.00 462.12
Rental of equipment 55.00 15.00
Food 55.00 20.33
' Postage - 11.59
935.00 627.99
' Finance and accounting:
Salaries and wages 68.318.00 61,653.70
Telephone and telegraph 1,045.00 747.55
' Postage 4,400.00 2,691.75
Office equipment maintenance 330.00 487.52
Fiscal agent service 358.00 25.99
Auditing services 8,250.00 6,260.00
' Advertising 138.00 190.60
Printing 550.00 1,054.40
Entertainment 110.00 102.67
' Other contractual services 15,400.00 10,172.23
Liability and property 1,513.00 1,417.83
Bond coverage 176.00 159.52
' Workmen's compensation insurance 69.00 57.82
Pension contribution 7,222.00 (6,202.92)
FICA taxes 363.00 ( 334.81
Medical and life insurance 3,559.00 ( 3,534.94
I Rental of equipment 7,480.00 4,434.27
Dues and membership 83.00 78.00
General office supplies 550.00 787.14
Periodicals and books 110.00 39.15
Regulatory supplies 17.00 -
Duplicating and drafting supplies 880.00 504.62
' Travel expense 22.00 33.25
Medical and hospital service 165.00 90.00
Training 220.00 135.00
' Household institutional supplies 550.00 502.56
Other commodities 28.00 11.22
Minor equipment and tools 55.00 -
' $ 121,961.00 101,709.46
(Continued)
4 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
' Engineering:
Salaries and wages $ 73,920.00 63,040.58
Telephone and telegraph 770.00 830.36
Travel expenses 330.00 128.55
Automotive equipment maintenance 55.00 82.00
Office equipment maintenance 275.00 200.35
1 Other equipment maintenance 55.00 87.95
Engineering services 11,000.00 326.40
Medical services 110.00 110.00
Professional services 5,500.00 196.00
Recording fees 275.00 227.00
Advertising 110.00 29.70
Postage 55.00 848.37
Printing 44.00 27.40
Photographing 550.00 416.42
Training expenses 550.00 -
Entertainment 66.00 . 4.50
Liability and property insurance 479.00 424.13
Automobile insurance 260.00 235.99
Bond coverage 41.00 36.81
Workmen's compensation insurance 1,308.00 1,099.94
Pension contribution 8,195.00 06,824.28)
FICA taxes 198.00 (203.21 )
Medical and life insurance 1,980.00 (1,985.401
Rental of equipment 1,177.00 375.96
Dues and membership 242.00 188.50
Automobile allowance 55.00 30.95
License fees 11.00 5.00
General office supplies 605.00 1,293.26
Periodicals and books 110.00 360.19
Tools 110.00 83.49
Gas and oil 605.00 621.78
' Automotive equipment materials 165.00 393.62
Other equipment materials 10.72
Duplicating and drafting supplies 330.00 868.03
Fire and extended coverage - 23.31
$ 109,536.00 81,620.15
' (Continued)
' 5 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
' Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
' Village Hall:
Salaries and wages $ 2,200.00 935.56 ___
Telephone and telegraph 1,496.00 774.53
Building maintenance services 2,943.00 521.24
Other equipment maintenance services 4,475.00 2,361.47
Professional services 21,175.00 19,234.46
1 Electric light and power 36,080.00 34,194.93
Cleaning and laundry services 19,796.00 14,873.56
Fire insurance 2,876.00 3,190.08
1 Liability and property insurance 3,146.00 2,969.92
FICA taxes (40.36)
Rental of equipment 4,510.00 4,098.00
1 Sanitation supplies 413.00 223.30
Medical and laboratory supplies 19.95
Tools 11.00 �_2702.
Payment of installment contract 273,285.00 Other commodities - x
Building maintenance materials 385.00 1,192.40
Heating fuel 55.00 -
1 Household supplies 28.00 200.03
Other equipment maintenance materials 2,200.00 957.72
Pension contribution - C 29.94)
1 Chemicals and ammunition = 897.91
Service to maintenance 2,435.72 X
1 375,074.00 313,136.42
Total General Government $ 766.547.00 667.218.17
' (Continued)
1
' 6 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
' Appropriations Actual
Public Safety:
' Police Service:
Salaries and wages $ 698,115.00 611,370.81
Court time 12,496.00 10,285.07
Education incentive pay 16,225.00 13,800.00
' Telephone and telegraph 8,800.00 7,307.94
Postage 1,100.00 1,640.77
Travel expenses 550.00 833.00
' Automotive equipment maintenance 3,300.00 2,446.35
Office equipment maintenance 275.00 356.38
Other equipment maintenance 1,540.00 2,203.25
Medical services 1,320.00 470.00
Professional services 550.00 335.00
Advertising 55.00 44.00
Printing 1,320.00 1,684.76
1 Microfilming 330.00 -
Photographing 660.00 608.12
Laundry and cleaning service 220.00 -
Training expenses 6,600.00 4,190.20
Entertainment 220.00 87.07
Liability and property insurance 10,589.00 10,003.42
Automobile insurance 4,177.00 3,843.78
Bond coverage 490.00 1,618.40
Workmen's compensation insurance 14,961.00 12,567.05
Pension contribution 90,335.00 C 85,840.63
FICA taxes 213.00 ( 54.45
Medical and life insurance 23,500.00 (25,430.15)
Rental of equipment 7,150.00 6,270.86
Court cost and litigation expenses 550.00 -
Dues and membership 330.00 294.90
Clothing allowance 8,800.00 7,188.56
License fees 165.00 85.00
General office supplies 1,870.00 2,230.05
Periodicals and books 550.00 723.95
Chemicals and ammunition 1,155.00 1,066.92
1 Sanitation supplies 220.00 4.46
Food 990.00 1,259.39
Institutional supplies 440.00 240.31
Regulatory supplies 1,320.00 1,663.23
' Medical and laboratory supplies 1,320.00 390.76
Tools 165.00 112.25
Gas and oil 26,400.00 X 17,109.80
' Automotive equipment maintenance materials 6,380.00 X 3,885.72
Other equipment maintenance materials 825.00 655.28
Duplicating and drafting supplies 1,320.00 1,337.54
Street sign material 660.00 -
' Other commodities 110.00 103.75
Disinfectant and exterminating 217.58
Fire and extended coverage 739.00 732.92
' Other contractual services 706.00 -
Tuition reimbursement 1,100.00 292.00
Building maintenance materials 440.00 -
' $ 961,646.00 842,885.83
(Continued)
7 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
Fire Service:
Salaries and wages $ 615,863.00 559.725.21
Telephone and telegraph 3,300.00 2,178.56
' Postage 440.00 274.98
Travel expenses 550.00 230.70
Building maintenance 1,100.00 760.05
' Improvements other than building maintenance 1,100.00 185.39
Automotive equipment maintenance 1,650.00 2,941.28
Office equipment maintenance 110.00 46.50
Other equipment maintenance 550.00 898.73
Medical services 550.00 773.00
Professional services 550.00 362.50
Advertising 28.00 10.35
Printing 385.00 163.77
Photographing 440.00 394.15
Laundry services 660.00 558.31
Training expenses 2,200.00 2,582.87
Other contractual services 550.00 75.00____
Fire insurance 5,304.00 4,836.34
Liability and property insurance 7,626.00 7,166.77
Automobile insurance 7,970.00 6,757.45
Bond coverage 327.00 296.93
Workmen's compensation insurance 12,726.00 10,697.72
Pension contribution 101,200.00 109,685.33 )
FICA taxes 601.00 ( 633.32 )
Medical and life insurance 19,700.00 ( 23,851.26 )
Rental of equipment 1,100.00 240.00
I Contributions 20,570.00 18,191.62
Dues and membership 248.00 271.00
Tuition reimbursement 1,100.00 142.50
' Clothing allowance 5,500.00 5,795.63
License fees 66.00 33.75
General office supplies 550.00 903.14
Periodicals and books 330.00 50.96
Agricultural supplies 825.00 203.36
Chemicals and ammunition 2,200.00 1,080.00
Sanitation supplies 1,650.00 1,229.21
' Heating and power 3,300.00 4,048.36
Institutional supplies 1,320.00 1,758.55
Medical and laboratory supplies 165.00 259.15
' Tools * 2,420.00 2,920.71
Gas and oil 2,200.00 2,537.43f,
Building materials 1,100.00 1,132.90
Improvements other than building materials 275.00 101.25
' Engineering service - 100.00
Automotive equipment maintenance materials 4,950.00 6,419.45Y,
Other equipment maintenance materials 1,100.00 1,516.28
' Duplicating and drafting supplies 275.00 102.99
Other commodities 1,100.00 665.43
Reception entertainment - 28.00
Disinfectant and exterminating - 285.00
' Food 275.00 584.27
Licensing and regulatory supplies 11.10
$ 838,099.00 786,698.51
(Continued)
' 8 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
Corporate Fund
Statement of Detailed Operating Expenditures
' (and Comparison with Appropriations) , Continued
r
Appropriations Actual
' Bureau of Inspection:
Salaries and wages $ 70,884.00 66,597.78
Telephone and telegraph 880.00 1,164.07
' Postage 143.00 274.51
Automotive equipment maintenance 165.00 3.50
Office equipment maintenance 143.00 -
' Printing 578.00 147.95
Photographing and blueprinting 55.00 72.55
- Other contractual services 2,970.00 6,531.95
' Public liability and property damage insurance 212.00 200.95
Automobile insurance 233.00 211.86
Bond coverage 28.00 24.54
Workmen's compensation insurance 929.00 780.54
Pension contribution 1,456.00 ( 5,070.47
FICA taxes 4,169.00 ( 1,480.48 )
Medical and life insurance 1,306.00 f 1,156.10 )
Dues and membership 55.00 45.00
License fees 11.00 5.00
General office supplies 550.00 694.13
1 Periodicals and books 330.00 162.20
Gas and oil 330.00 614.97
Automotive equipment and materials 330.00 29.61
' Duplicating and drafting supplies 220.00 3.00
Licensing and regulatory supplies 110.00 226.39
Rental of equipment 30.00
Fire and extended coverage insurance 26.00 23.31
' Other equipment maintenance - 27.50
86,113.00 85,578.36
' Total Public Safety $ 85.858.00 1.715.162.70
' (Continued)
' 9 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
' Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
Public Works:
Administration:
' Salaries and wages $ 40,249.00 35,059.71
Telephone and telegraph 1,650.00 1,164.07
Postage 165.00 274.11
Travel expenses 220.00 12.95
' Automotive equipment maintenance 110.00 115.00
Office equipment maintenance 110.00 138.75
Photographing and blueprinting - 9.87
' Duplicating and drafting supplies - 34.15
Other equipment maintenance 330.00 -
Advertising 165.00 127.25
' Printing 110.00 -
Training expenses 440.00 175.00
Entertainment 110.00 4.50
Fire and extended coverage insurance 3,271.00 3,016.04
Liability and property insurance 6,051.00 5,711.43
Automobile insurance 4,382.00 4,083.77
Bond coverage 108.00 98.16
Workmen's compensation insurance 654.00 550.66
Pension contribution 4,685.00 3,960.45 ✓
Medical and life insurance 1,650.00 1,533.56
Rental of equipment 1,980.00 1,035.94
Dues and memberships 165.00 85.00
General office supplies 550.00 421.20
Periodicals and books 110.00 67.11
Agricultural and horticultural supplies 165.00 -
Sanitation supplies 110.00 -
Institutional supplies 440.00 410.60
1 Tools 110.00 7.46
Gas and oil 385.00 330.60 'K
Automotive equipment maintenance supplies 275.00 536.61
' License fees 61.00 45.00
Rental building or rooms 4,400.00 83.99
' $ 73,211.00 59,092.94
(Continued)
10 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
Statement of Detailed Operating Expenditures
' (and Comparison with Appropriations) , Continued
' Appropriations Actual
Street Maintenance:
Salaries and wages $ 104,388.00 74,417.75
Improvements other than buildings 4,400.00 188.50
Automobile equipment maintenance 3,410.00 936.70
1 Other equipment maintenance 550.00 335.00
Laundry and cleaning services 1,716.00 1,156.24
Tree service 1,650.00 685.00
Other contractual services 6,336.00 2,580.24
Workmen's compensation insurance 1,789.00 1,503.27
Pension contribution 10,436.00 8,269.02
FICA taxes 743.00 483.17
' Medical and life insurance 3,575.00 3,898.18
Rental of equipment 4,840.00
Agricultural and horticultural supplies 1,100.00 908.52
Chemicals and ammunition 17,600.00 8,241.89
Tools 798.00 828.53
Gas and oil 6,160.00 4,925.06
Improvements other than building 3,300.00 515.62
Materials to maintain streets 14,300.00 10,460.03
Automotive equipment maintenance materials 7,920.00 5,754.15
Other equipment maintenance materials 3,300.00 2,988.19
Other commodities 440.00 235.74
Traffic control materials 220.00 204.68
198,971.00 129,515.48
' Street Light and Traffic Control:
Salaries and wages 6,276.00 5,741.64
Improvements other than building maintenance
services 20,900.00 14,443.01
Electrical light and power 330.00 (499.51)
Workmen's compensation insurance 241.00 202.36
Tools 1,100.00 1,098.10
Gas and oil 110.00 -
Other than buildings maintenance materials 1,650.00 622.18
Traffic control materials 4,400.00 4,416.08
' Pension contribution 732.00
Medical and life insurance 330.00
Equipment rental 2,376.00 1,717.59
General office supplies 110.00
Other equipment maintenance materials - 90.00 /
38,555.00 27,831.45
Capital Improvements -
payment of debt obligation $ 209,000.00 : 71,726.57
(Continued)
' 11 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
' Municipal Garage:
Salaries and wages $ 20,150.00 17,167.94
Automotive equipment maintenance 55.00 591.82
' Other equipment maintenance 1,100.00 965.21
Printing 220.00 221.81
Laundry and cleaning services 1,683.00 2,852.50
Training expense 220.00 -
Workmen's compensation insurance 379.00 319.40
Pension contribution 2,255.00 1,967.63
' Medical and life insurance 668.00 765.23
General office supplies 83.00 74.87
Periodicals and books 83.00 -
' Chemicals and ammunition 220.00 123.00
Sanitation supplies 550.00 463.69
Fuel 11,550.00 1,307.58
Medical and laboratory supplies 55.00 -
Tools 660.00 696.98
Gas and oil 330.00 136.13
Building maintenance material 330.00 262.51
' Automotive equipment maintenance material 1,100.00 1,894.03
Other equipment maintenance material 825.00 751.23
1 42,516.00 30,561.56
Total Public Works $ 562.253.00 418.728.00
' Health and Welfare - Pest Control -
contractual services 18,700.00 14,333.30
Total Health and Welfare $ 18.700.00 14.333.30
(Continued)
' 12 Exhibit A-3
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
Statement of Detailed Operating Expenditures
(and Comparison with Appropriations) , Continued
Appropriations Actual
Culture and Recreation:
Library:
Salaries and wages $ 31,359.00 24,494.48
Telephone and telegraph 1,100.00 1,149.23
Postage 83.00 274.00
' Travel expense 22.00 -
Building maintenance service 1,210.00 41.25
Office equipment maintenance 55.00 121.50
Other equipment maintenance - 903.10
Architects fees and library remodeling 2,530.00 2,711.43
Laundry and cleaning services 3,102.00 1,868.00
Training expenses - 5.00
' Other contractual services 66.00 100.00
Fire and extended coverage insurance 6,194.00
Liability and property damage insurance 515.00 485.47
' Bond coverage 20.00 18.40
Workmen's compensation insurance 35.00 28.91
Pension contribution 2,424.00 2,123.77
FICA taxes 678.00 328.97
' Medical and life insurance 715.00 751.06
Rental of equipment 396.00 878.47
Dues and memberships 44.00 15.00
' General office supplies 165.00 372.88
Periodicals and books 1,100.00 998.14
Sanitation 165.00 57.96
Fuel 550.00 207.12
Licensing and regulatory supplies 1,650.00 1,295.76
Household supplies 220.00 70.32
' Advertising - 11.25
Minor equipment, tools and hardware 145.00
Building maintenance materials 21.60
Other equipment maintenance materials - 14.00
' International Sports Core: 54,398.00 39,492.07
Salaries and wages - 130.72
' Postage _ 206.70
Other professional services 13,855.00
Printing - 197.60
Entertainment - 4.9_9.80
Office supplies 5.50
Other commodities - 56.05
- 14,951.37
Total Culture and Recreation $ 54.398.00 54.443.44
' Total operating expenditures $ 3,304,647.00 2,888.017.75
See accompanying notes to financial statements.
' VILLAGE OF OAK BROOK, ILLINOIS Exhibit A-4
Corporate Fund
Statement of Capital Outlay
' (and Comparison with Appropriations)
Year ended April 30, 1977
' Appropriations Actual
General Government:
Village Manager:
Office furniture and fixtures $ - 127.40
' Office machine and equipment 220.00 -
220.00 127.40
Finance and Accounting - office
machine and equipment 165.00 139.59
Engineering:
Office furniture and fixtures 385.00 318.50
Office machinery and equipment 165.00 145.00
Other machinery and equipment 83.00 81.22
633.00 544.72
' Village Hall:
Improvements other than buildings 9,900.00 7,832.05
Furniture, furnishing and interior 990.00 47.60
' Office furniture and fixtures _ 11,380.30
Buildings 3,489.03
Other machinery and equipment 1,320.00 1,612.00
' 12,210.00 24,360.98
$ 13,228.00 25.172.69
' Public Safety:
Police Service:
Automotive equipment 45,870.00 37,879.99
' Office machinery and equipment 715.00 697.00
Other furniture and fixtures 1,100.00 908.41
Other machinery and equipment 4,605.00 4,187.90
' Office furniture and fixtures 825.00 875.40
53,115.00 44,548.70
Fire Service:
' Buildings 13,200.00 13,270.34
Improvements other than buildings 45.95
Automotive equipment 5,500.00 5,263.00
Office furniture and fixtures 506.00 126.40
Other machinery and equipment 11,605.00 11,592.57
Other furniture and fixtures 7,700.00 4,542.80
38,511.00 34,841.06
i $ 91,626.00 79,389,76
(Continued)
2 Exhibit A-4
VILLAGE OF OAK BROOK, ILLINOIS
' Corporate Fund
' Statement of Capital Outlay
(and Comparison with Appropriations) , Continued
Appropriations Actual
Public Works:
Street Maintenance:
Improvements other than buildings $ 7,700.00 -
' Automotive equipment 29,150.00 1,512.08
Other machinery and equipment 6,710.00 4,953.34
43,560.00 6,465.42
Capital Improvements:
' Engineering services 71,500.00 22,358.95
Improvements other than buildings 33,000.00 20,000.00
Street improvements 110,000.00 77,513.57
' 214,500.00 119,872.52
Municipal Garage:
Improvements other than buildings - 7,998.06
' Buildings _ 10,612.44
18,610.50
' - $ 258.060.00 144.948.44
Culture and recreation
Library:
' Library books 22,000.00 21,640.19
Other furniture and fixtures 2,200.00
Other machinery and equipment - 405.20
Improvements other than building 4,206.00 436.00
Nonprint media 880.00 608.75
Office furniture and fixtures - 104.36
' $ 22.256.OQ 23.194.50
Total capital outlay $ 52 2.200.00 272.705.39
i
See accompanying notes to financial statements.
i
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' Exhibit B
VILLAGE OF OAK BROOK, ILLINOIS
' Special Revenue Funds
Combined Balance Sheet
April 30, 1977
Federal
' Revenue
Motor Sharing
Fuel Trust
' Tax Fund Fund
Assets Combined (Exhibit C) (Exhibit D)
Cash $ 49.77 40.61 9.16
' Savings account 27,104.52 12,140.78 14,963.74
Certificates of deposit 130,000.00 50,000.00 80,000.00
Allotments receivable 3,013.55 3,013.55 -
' Total assets $ 4 4 9490
Liabilities
' Accounts payable 3,629.17 3,629.17 -
' Due to other funds 10,554.81 - 10,554.81
Fund balances 145,983.86 61,565.77 84,418.09
Total liabilities and
fund balance $ 160.167.84 65.194.94 9
See accompanying notes to financial statements.
Exhibit C
VILLAGE OF OAK BROOK, ILLINOIS
' Motor Fuel Tax Fund
Balance Sheet
' April 30, 1977
Assets
Cash $ 40.61A,
Savings account 12 140.78 W
Certificate of deposit 50 000.00 Vk
Allotments receivable 3,013.55 ,0k,
Total assets $
Liabilities
Accounts payable 3,629.17 h
Fund balance 61,565.77
Total liabilities and fund balance $
See accompanying notes to financial statements.
' VILLAGE OF OAK BROOK, ILLINOIS Exhibit C-1
' Motor Fuel Tax Fund
Statement of Revenue and Expenditures (and Comparison
' with Estimated Revenue and Appropriations) and Fund Balance
Year ended April 30, 1977
1
Estimated
revenue and
appropriations Actual
Revenue:
Allotments from State of Illinois $ 60,375.00 �60,638.53 '�
Interest earned 3,500.00 2,774.26 ✓
Total revenue 63,875.00 63,412.79
Expenditures:
Street lighting 16,600.00 13,013.22
Construction payments to State of Illinois 34,100.00 21,000.00
Bank charges - 12.45
Total expenditures 50,700.00 34,025.67
Excess of revenue over expenditures $ 1 --1 29,387.12
Fund balance April 30, 1976 32,178.65
Fund balance April 30, 1977 $
See accompanying notes to financial statements.
' VILLAGE OF OAK BROOK, ILLINOIS Exhibit D
' Federal Revenue Sharing Trust Fund
Balance Sheet
April 30, 1977
Assets
Cash $ 9.16
Savings account 14,963.741A
' Certificate of deposit 80,000.00
Total assets $ 94.972.90
' Liabilities
' Due to other funds 10,554.81
Fund balance 84,418.09Y ,
Total liabilities and fund balance $
' See accompanying notes to financial statements.
1
' VILLAGE OF OAK BROOK, ILLINOIS Exhibit D-1
' Federal Revenue Sharing Trust Fund
Statement of Revenue and Expenditures (and Comparison
' with Estimated Revenue and Appropriations) and Fund Balance
Year ended April 30, 1977
' Estimated
revenue and
appropriations Actual
' Revenue:
Entitlements from Federal Government $ 38,000.00 41,519.00`/
Interest on investments 3,000.00 69639.36 ,
Total revenue 41,000.00 48,158.36
Expenditures:
Transfer to Capital Projects Fund "93,326.00 479702.98 '
Principal payment on note 30,685.00 329640.65
Interest payment on note 89748.00 69792.19
Other 150.00 166.05
Total expenditures 132,909.00 87,301.87
' (Excess) of expenditures over revenue $ 91.909.00) (39,143.51)
Fund balance April 30, 1976 1239561.60
Fund balance April 30, 1977 $ 84.418.09
See accompanying notes to financial statements.
' VILLAGE OF OAK BROOK, ILLINOIS Exhibit E
' Capital Projects Fund
Balance Sheet
' April 30, 1977
Assets
Due from other funds $ 0.5
Liabilities
' Accounts payable 1,606.76
Contract retainages 8'948.05
Fund balance
-
' $
See accompanying notes to financial statements.
1 Exhibit E-1
VILLAGE OF OAK BROOK, ILLINOIS
Capital Projects Fund
' Statement of Revenue and Expenditures
and Fund Balance
Year ended April 30, 1977
1
' Revenue:
Note proceeds $ 85,427.35
1 Transfer from Federal Revenue Sharing Trust Fund 47,702.98
Total revenue 133,130.33
1 Expenditures:
Capital outlay:
Library:
' Renovation of building 94,375.40
Library terrace 12 669.80
Architectural fees 3,226.20
1 Furniture and fixtures 20,580.46
Bike Pathway System 2,278.47
Total expenditures 133,130.33
1 Excess of revenue over expenditures -
' Fund balance April 30, 1976 _
Fund balance April 30, 1977 $ _
See accompanyingnotes to financial statements.
1
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1
Exhibit F
VIII AGE OF OAK BROOK, ILLINOIS
Waterworks System Fund
Balance Sheet
April 30, 1977
' Operations Depreciation,
and Bond and Bond improvement
' Combined maintenance interest reserve and extension Surplus
Assets total account account account account account
cash $ 59.99 22.22 5.61 2.73 28.27 1.16
' Investments 757,780.00 `24,200.00 3,760.00 174,150.00 327,400.00 228,270.00
Receivables:
Customers:
Billed water sales 37,768.52 37,768.52 - - - -
' Estimated unbilled eater sales 102,372.29 102,312.29
Accrued interest 7,778.23 1,292.58 452.88 2,074.04 3,491.93 466.80
Other 97,168.46 X97.168.46
245,027.50 238,541.85 452.88 2,074.04 3,491.93 466.80
Inventory of equipment 22,127.00 V 22,127.00 - _ _ -
Due (to) from other Waterworks System Fund accounts (4,218.49) 4,218.49
Acquisition and construction accounts:
Revenue bonds of 1973:
' Cash 8.16 C 8.16 _ _ _ _
Investments 175,400.00 175,400.00
Accrued interest receivable 453.96 � ' 453.96 - - - -
Due from depreciation, improvement and extension account - V 10,223.77 - - (10,223.77) -
' 175,862.12 186,085.89 - - (10,223.77)
bands of 1976:
:Flant
- 6.24 6.24 - - - -
tments 2,273,170.00 2,273,170.00 - - - -
L
ed interest receivable 65,937.60 65,937.60
ruction in progress 788,066.46 788,066.46
rtized bond discount 9,565.32 49,565.32 - - - -
' � 3,176,745.62 3,176,745.62
equipment at cost, net of accumulatedation and amortization of $368,324.25 3,280,180.11 x3,280,180.11d bond discount ,563.59 48,563.59 - - - -
$ ZJ06.345.93 6.976.466.28 - 176.226.77 320.696.43 232_956.45
Liabilities and Fund Balance
Accounts payable 56,185.64 56,185.64 - - - -
Accrued payroll 1,552.93 1,552.93
Deposits 1,800.00 `-1,800.00
Dae to other funds 1,149.30 '1,149.30 - - - -
60,687.87 60,687.87 - - - -
Acquisition and construction account - revenue bonds of 1976: - - - -
Accounts payable 39,968.07 `39,968.07
Contracts payble 57,565.61 57,565.61 - - - -
97,533.68 97,533.68 - - -
' Bonds payable:
Revenue bonds of 1973 due serially from May 1, 1978 to
May 1, 1996 3,175,000.00 ''3,175,000.00 - - - -
' Revenue bonds of 1976 due serially from May 1, 1978 to - -
May 1, 1992 3,000,000.00 ,3,000,000.00 - -
Food balance.
Restricted accounts 834,449.48 104,569.83 - 176,226.77 320,6%.43 232,956.45
' Equity in plant and equipment 314,471.70 314,471.70
Unappropriated 224,203.20 224,203.20 - - - -
1,373,124.38 643,244.73 - 176,226.77 320,696.43 232,956.45
' S _345.9 6_976_466.28 - 176_226.77 �?�6%.43 232_956_45
See accompanying notes to financial Statements.
1
Exhibit F-1
' VILLAGE OF OAK BROOK, ILLINOIS
Waterworks System Fund
Statement of Revenue and Expenditures
' Year ended April 30, 1977
' Estimated
revenue and
appropriations Actual
Operating revenue:
Sale of water $ 894,000.00 893,395.56
' Fire line water charges 83,800.00 78,240.28
Meter installations 6,900.00 11,470.00
Water connection charges 70,000.00 57,000.00
' Special service charges 4,850.00 10,532.25
Other charges and penalties 14,100.00 10,007.05
1,073,650.00 1,060,645.14 ✓
Operating expenditures:
Source of supply 12,436.00 30,879.62
Power and pumping 134,701.00 48,435.47✓
Purification 27,829.00 15,937.65'
Transmission and distribution 74,035.00 82,537.40 j
' Reimbursement to Corporate Fund for services 38,500.00 34,999.92
287,501.00 212,790.06
' Net operating revenue before depreciation 786,149.00 847,855.08
Provision for depreciation - 98,817.84
' Net operating revenue after depreciation 786,149.00 749,037.24
Other income (expense) :
Bond interest expense (429,110.00) (282,711.97)
Interest on investments 51,000.00 34,274.76 ✓
Amortization of bond discount - (12,6,38.92)
' Fiscal agents' fees (218.00) (428.76)
Construction reimbursements 70,000.00 159,262.62
' (308,328.00) (102,242.27)
Net revenue $ 477.821.00 646.794.97
See accompanying notes to financial statements.
1
Exhibit F-2
' VILLAGE OF OAR BROOK, ILLINOIS
Waterworks System Fund
Statement of Changes in Fund Balance
' Year ended April 30, 1977
' Acquisition
Operations and and construction
maintenance account accounts Restricted accounts
Depreciation,
' improvement
Equity in Revenue Revenue Bond and Bond and
Combined plant and bonds bonds interest reserve extension Surplus
total Unappropriated equipment of 1973 of 1976 account account account account
Balance.-April.30, 1976 � 782,321.20 148,073.30 125,818.80 15,889.30 - - 120,548.87 207,704.72 164,286.21
' Add (deduct) : - - - -
Net revenue 646,794.97 646,794.97 - - - -
Transfers in accordance with
bond ordinance - (885,524.41) _ _ = 352,885.92 49,500.00 316,530.00 166,608.49
Accrued interest received on
sale of bonds 4,055.63 4,055.63
Redistribute:
' Provision for depreciation _ 98,817.84 (98,817.84) _ -
Bond discount amortization 12,638.92 (8,684.24) (3,954.68)
Capital outlay provided from:
Operations and maintenance - (49,503.32) 49,503.32 - _
Depreciation, improvement
and extension 215,278.66 (215,278.66)
Payment of bond interest (4,055.63) 282,711.97 - - - (286,767.60) - - -
' Capitalization of bond - - - -
principal payments - - -75,000.00 (75,000.00)
Transfer to Corporate Fund (105,000.00) - - - - - - - (105,000.00)
Interest on investments 122,170.17 - - 9,468.59 112,701.58 - - - -
Redistribution of interest
on investments pursuant
to bond ordinance - (29,806.07) - - - 4,826.05 6,177.90 11,740.37 7,061.75
Legal and bond consultant - - -
expenses (29,534.96) (29,534.96) - - - -
Cross connection water
' main sold, at cost (43,627.00) - (43,627.00) - - _ - - -
Net additions 590,803.18 76,129.90 188,652.90 9,468.59 79,211.94 55,677.90 112,991.71 68,670.24
' Balance April 30, 1977 $`1.373.124.38 224.203.20 .471.70 25.3 79.2 - 176.226.77 320.696.43 1
See accompanying notes to financial statements.
' VILLAGE OF OAK BROOK, ILLINOIS Exhibit F-3
' Waterworks System Fund
Statement of Changes in Financial Position
' (Operations and Maintenance Account only)
Year ended April 30, 1977
' Funds provided:
Net revenue (Exhibit F-1) $ 646,794.97
Provision for depreciation and
' amortization of bond discount 111,456.76
Total funds provided $ 758.251.73
tFunds used:
Transfers in accordance with bond
' ordinance, net 602,812.44
Capital outlay 49,503.32
Redistribution of interest to other accounts
pursuant to bond ordinance 29,806.07
' 682,121.83
Increase in working capital 76,129.90
' $ 758.251.73
Increase (decrease) in various elements
' of working capital:
Cash (1,992.16)
Investments (4,300.00)
Receivables 101,401.53
Inventory of equipment 7,544.00
Due from other Water Fund accounts (18,777.00)
Accounts payable (7,746.47)
' $ 76.129.90
See accompanying notes to financial statements.
Exhibit F-4
' VILLAGE OF OAK BROOK, ILLINOIS
Waterworks System Fund
1 Operating Expenditures and Summary of Capital Outlay
(and Comparison with Appropriations)
Year ended April 30, 1977
' Appropriations Actual
Operating expenditures:
' Source of supply: -
Purchased water - Lombard, Illinois $ 19,772.27
Purchased water = Hinsdale, Illinois - 5,139.20
Salaries and wages 6,107.00 3,224.53
FICA taxes and workmen's compensation insurance 259.00 88.12
Building maintenance 1,100.00 7.50
' Automotive equipment maintenance material 220.00 281.54
Other improvement maintenance 1,320.00
Telephone and telegraph 1,293.00 1,106.66
Pension contribution 409.00 445.17
' Medical and life insurance 133.00 152.67
Agricultural supplies 110.00
Sanitation supplies 275.00 47.50
Tools 110.00 6.24
Gas and oil 550.00 483.94
Building maintenance materials 550.00 124.28
' Total source of supply 12,436.00 30,879.62
Power and pumping:
Salaries and wages 9,868.00 8,314.49
' Workmen's compensation insurance 206.00 173.46
Equipment maintenance 33,000.00 62.53
Electric light and power 88,000.00 38,363.59
Laundry services 286.00 178.50
Pension contribution 1,150.00 667.75
Medical and life insurance 266.00 229.01
' Sanitation supplies 110.00 65.00
Tools 165.00 4.89
Gas and oil 550.00 196.58
Equipment maintenance materials 1,100.00 179.67
Total power and pumping 134,701.00 48,435.47•
Purification:
1 Salaries and wages 5,300.00 3,300.15
Workmen's compensation insurance 104.00 86.73
Postage 165.00 117.90
' Equipment maintenance 1,100.00 485.25
Training expenses 110.00
Pension contribution 617.00 445.17
' Medical and life insurance 138.00 152.67
Chemicals and ammunition 19,250.00 10,376.90
Drugs and laboratory supplies 330.00 32.62
Tools 55.00 35.38
Equipment maintenance materials 550.00 904.88
Other contractual services 110.00
Total purification $ 27,829.00 15,937.65
' (Continued)
' 2 Exhibit F-4
VILLAGE OF OAK BROOK, ILLINOIS
Waterworks System Fund
Operating Expenditure and Summary of Capital Outlay
(and Comparison with Appropriations) , Continued
'
Appropriations Actual
Transmission and distribution:
Salaries and wages $ 36,859.00 26,446.04
' Other improvement maintenance 22,000.00 42,150.66
Automobile maintenance 330.00 162.75
Equipment maintenance 110.00 22.00
Professional services - 515.41
' Laundry services 572.00 266.47
Training expenses 110.00 33.00
Pension contribution 3,685.00 2,638.90
' Medical and life insurance 1,056.00 1,049.93
Dues and membership fees 55.00
General office supplies 55.00 9.79
Chemicals 220.00 -
Tools 550.00 485.86
Gas and oil 1,320.00 649.50
Other improvement maintenance materials 4,400.00 5,064.98
' Automotive maintenance materials 550.00 600.15
Equipment maintenance materials 550.00 568.44
Medical and hospital services - 330.00
' Other contractual services 440.00 677.61
Workmen's compensation insurance 791.00 666.29
FICA taxes 310.00 184.62
' License fees 17.00 15.00
Maps, magazines, periodicals and books 55.00
Total transmission and distribution 74,035.00 82,537.40
' Reimbursement to Corporate Fund for services 38,500.00 34,999.92
Total operating expenditures $ 287.501.00 212.79 0
Summary of capital outlay:
Other improvements - water meters 15,400.00 5,874.19
Hydrants 4,400.00 3,635.73
Engineering and other contractual services 8,525.00 7,023.41
Service connections 1,365.07
Watermains 389,070.00 246,883.58
Total capital outlay $ 417,395.00 264.781.98
' See accompanying notes to financial statements.
' VILLAGEOF OAR BROOK, ILLINOIS Exhibit F-5
' Waterworks System Fund
Plant and Equipment and Accumulated Depreciation and Amortization
' Year ended April 30, 1977
Rate of
Plant and equipment depreciation Accumulated depreciation and amortization
' Additions or Additions Net asset
Balance and Deduc- Balance amortization Balance and Deduc- Balance value
Apr.30,1976 transfers tions Apr.30,1977 Years Apr.30,1976 transfers tions Apr.30,1977 Apr.30,1977
Waterworks plant and
' equipment. - - - - - - -
Land and land rights $ 2,818.80 2,818.80 $ 2,818.80
Service of supply
' plant - wells and
springs 314,753.30 - - -
314,753.30 40 18,264.62 7,868.83 26,133.45 288,619.85
Structures and im-
provements 68,232.40 - - 68,232.40 40 4,901.80 1,705.81 - 6,607.61 61,624.79
' Electrical pumping
equipment 118,745.37 - - -
118,745.37 40 9,031.42 2,968.63 12,000.05 106,745.32
Total water treatment
' equipment 5,324.65 - - 5,324.65 10 1,597.41 532.47 - 2,129.88 3,194.77
Distribution, reser-
voirs, mains and
standpipes 2,433,119.15 261,404.73 - 2,694,523.88 40 177,581.79 64,095.54 - 241,677.33 2,452,846.55
1 Meters and meter
installation 170,536.97 7,239.26 - -
177,776.23 15 31,448.81 11,610.44 43,059.25 134,716.98
Hydrants 116,926.67 3,635.73 - 120,562.40 40 8,716.11 2,968.62 - 11,684.73 108,877.67
Miscellaneous tools and
' equipment:
Office furniture and
equipment 3,449.05 - - 3,449.05 10 1,018.33 344.91 - 1;363.24 2,085.81
1 Transportation
equipment 13,033.70 - - -
13,033.70 6 3,927.34 2,172.28 6,099.62 6,934.08
Tools, shop and
garage equipment 2,851.57 - - 2,851.57 5 1,636.63 570.31 - 2,206.94 644.63
1 Laboratory equipment 1,069.59 - _ 1,069.59 5 641.36 213.92 _ 855.28 214.31
Miscellaneous equipment 7,427.30 7,427.30 5 3,898.93 1,485.46 5,384.39 2,042.91
Intangible plant -
' organization 11,403.09 - - 11,403.09 5 6,841.86 2,280.62 _ 9,122.48 2,280.61
Construction in progress 157,657.77 (7,497.74) 43,627.00 106,533.03 106,533.03
$ 3.427.349.38 264.781.98 43_627.00 3_648.504.36 269.506.41 98.817.84 - 268.324.25 3,280.180.11
See accompanying notes to financial statements.
pp-
VILLAGE OF OAK BROOK, ILLINOIS Exhibit G
' Trust and Agency Funds
Combined Balance Sheet l
' April 30, 1977
' Police Firemen's
Pension Pension
Assets Combined Fund Fund
Cash $ 44,650.47 4,645.95 40,004.52
Certificates of deposit 1,385,000.00 765,000.00 620,000.00
' Savings accounts 46,250.15 35,324.62 10,925.53
' Accrued interest receivable 15,804.92 9,847.90 5,957.02
Due from other funds 3,242.70 1,717.62 1,525.08
' Amounts to be provided from future
tax levies and other sources to
fund actuarial deficiency for
prior service costs 1,101,127.79 838,038.94 263,088.85
$ 2.596.076.03 1.654.575.03 941.501.00
Liabilities
Accrued pension expense 1,838.03 1,838.03 -
Reserves:
Funded obligations:
' Statutory 819,949.06 814,698.06 5,251.00
Excess 673,161.15 673,161.
Unfunded actuarial deficiency for
' prior service costs 1,101,127.79 838,038.94 263,088.85
$ 2.596.076.03 1.654.575.03 941.501.00
' See accompanying notes to financial statements.
' VILLAGE OF OAK BROOK, ILLINOIS Exhibit G-1
Police Pension Fund
Statement of Revenue and Expenditures (and Comparison
with Estimated Revenue and Appropriations) and
Reserve for Funded Obligations
' Year ended April 30, 1977
Estimated
revenue and
appropriations Actual
Revenue:
Employees' contributions $ 46,375.00 44,160.30
' Village contributions 76,378.00 76,516.21
Interest on investments 36,000.00 48,446.59
Other 100.00 100.00
' Total revenue 158,853.00 169,223.10
Expenditures:
' Pension benefit expense 5,781.00 14,194.09
Audit fee 380.00 380.00
Recording fees 25.00 25.00
' Total expenditures 6,186.00 14,599.09
1 Excess of revenue over expenditures $ 152.667.00 154,624.01
Reserve - funded obligation April 30, 1976 660,074.05
Reserve - funded obligation April 30, 1977 81A,6HJ6
' See accompanying notes to financial statements.
i �
' Exhibit G-2
VILLAGE OF OAK BROOK, ILLINOIS
Firemen's Pension Fund
Statement of Revenue and Expenditures xp (and Comparison
with Estimated Revenue and Appropriations) and
Reserve for Funded Obligations
Year ended April 30, 1977
rEstimated
revenue and
' appropriations Actual
Revenue:
Employees' contributions $ 38,371.00 40,064.33
' Village contributions 89,120.00 107,796.33
Interest on investments 23,000.00 40,343.42
Total revenue 150,491.00 188,204.08
Expenditures:
' Audit fee 400.00 360.00
Recording fees 25.00 25.00
Other commodities 50.00 10.41
' Total expenditures 475.00 395.41
Excess of revenue over expenditures $ 150.016.00 187,808.67
' Reserve - funded obligation April 30, 1976 490,603.48
' Reserve - funded obligation April 30, 1977 $. 678.412.15
' See accompanying notes to financial statements.
VILLAGE OF OAK BROOK, ILLINOIS Exhibit H
' Statement of General Fixed Assets
April 30, 1977
General Fixed Assets:
Land $ 188,741.00
' Buildings 4,589,579.24
Furniture and fixtures 216,297.85
Roadway improvements 734,431.84
' Automotive equipment 232,369.23
Other equipment 603,693.43
Library books 54 419.57
' $ 6.619.532.16
Investment in Fixed Assets $ 6,612,532.16
See accompanying notes to financial statements.
i
' Exhibit H-1
VIIJ" OF OAR BROOK, ILLINOIS
' Statement of Changes in Investment in General Fixed Assets
Year ended April 30, 1977
Furniture
' and Roadway Automotive Other Library
Land Buildings fixtures improvements equipment equipment books Total
Balance April 30, 1976 $ 188,741.00 4,464,605.83 177,286.22 605,657.64 187,713.44 579,879.61 32,170.63 6,236,054.37
Additions:
Corporate - 27,371.81 18,431.17 113,825.93 65,355.79 23,813.82 22,248.94 271,047.46
Capital Projects Fund - 97,601.60 20,580.46 14,948.27 - - - 133,130.33
Deletions - Corporate - - - - 20,700.00 - - 20,700.00
' Balance April 30, 1977 $ 188.741.00 4.589_579.24 216.297.85 734_431.84 232.369.23 603_693.43 5A,&U,51 6_619_532.16
' See accompanying notes to financial statements.
w
VILLAGE OF OAK BROOK, ILLINOIS Exhibit I
1 Statement of General Long-term Debt
April 30, 1977
1
Amount to be provided from future
revenue and other sources $ 1.961.687.33
Payable from future revenue and
' other sources:
Notes payable:
Principal 1,391,372.25
1 Interest 224,749.99
Contracts payable 345,565.09
$ 1.961.687.33
See accompanying notes to financial statements.
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1
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' VILLAGE OF OAK BROOK, ILLINOIS
tNotes to Financial Statements
April 30, 1977
1 (1) Summary of Significant Accounting Policies
' The financial statements are presented in accordance with generally accepted ac-
counting principles applicable to state and local governmental units as con-
tained in the audit guide published by the American Institute of Certified
' Public Accountants. Accordingly, certain prior period amounts have been
reclassified to reflect the activities and transactions of the Funds and
groups of accounts.
' The basic principles have been promulgated by the National Council on Govern-
mental Accounting. These principles have evolved over the years and received
' the general endorsement of governmental officials, the general public and other
persons interested in financial statements of such units.
Funds
In government, the basic accounting and reporting entity is a "fund." A fund is
defined as an independent fiscal and accounting entity with a self-balancing
' set of accounts recording cash and/or other resources together with all re-
lated liabilities, obligations, reserves and equities which are segregated
for the purpose of carrying on specific activities or attaining certain
' objectives in accordance with special regulations, restrictions or limita-
tions.
Basis of Accounting
The accrual basis of accounting is followed for Capital Projects, Enterprise
and Trust and Agency Funds. The modified accrual basis of accounting is
' followed for the Corporate and Special Revenue Funds. The modified accrual
basis of accounting is defined as "the basis of accounting under which
expenditures other than accrual interest on general long-term debt are re-
ported at the time- liabilities are incurred and revenues are recorded when
received in cash except for material and/or available revenues which should
be accrued to reflect properly the taxes levied and the revenues earned."
' General Fixed Assets
The general fixed assets of the governmental unit, those fixed assets not re-
quired to be accounted for in specific fund groups, i.e. , Waterworks System
Fund, are accounted for in a separate self-balancing group of accounts
described as the "general fixed asset group of accounts." General fixed
assets are capitalized at historical cost. No depreciation is required to
be recorded on general fixed assets.
' (Continued)
' 2
VILLAGE OF OAK BROOK, ILLINOIS
Notes to Financial Statements
1
General Long-term Debt
The general long-term liabilities except for the Waterworks System Fund are
not carried with the current liabilities of a fund but rather set up in a
separate self-balancing group of accounts known as the general long-term
debt group of accounts.
' (2) Waterworks System Fund
(a) Bond Ordinance Requirements
' The ordinances authorizing the issuance of Waterworks Revenue Bonds Series 1973
and 1976 require that separate accounts be maintained in the Fund designated
as:
(a) Operation and maintenance account
(b) Bond and interest account
(c) Bond reserve account
(d) Depreciation, improvement and extension account
(e) Surplus revenue account
' On the first business day of each month all monies held in the Fund are to be
transferred to the designated accounts as follows:
' To the operation and maintenance account, an amount sufficient
to pay the reasonable expense of operation and maintenance
for the next succeeding month.
To the bond and interest account, an amount equal to 1/5th of
the interest and 1/10th of the principal becoming due on
' the next payment date.
To the bond reserve account, $4,500.00 each month until all
' bonds of this fund have been paid for or provision made
for their payment.
To the depreciation, improvement and extension account, $8,250.00
' each month (or a greater amount, as designated by the Board)
until a maximum of $400,000.00 is on deposit in said account.
To the surplus revenue account, all surplus funds remaining
after providing for all of the deposits herein above listed.
' (Continued)
' 3
VILLAGE OF OAK BROOK, ILLINOIS
' Notes to Financial Statements
1
Funds accumulated in the bond reserve account shall be used only for the payment
' of interest or principal whenever there exists a deficiency in the bond ac-
count. However, whenever the balance in said account is equal to the maximum
principal and interest requirements of all outstanding bonds at the discretion
of the President and Board of Trustees, the surplus may be transferred to the
depreciation, improvement and extension account or the surplus revenue account.
Funds accumulated in the depreciation, improvement and extension account shall be
used to pay for any extraordinary maintenance, repairs and necessary replace-
ments, or if not so needed, for improvement or extension of the system.
' Funds accumulated in the surplus reserve account shall be held and used for the
following purposes:
(a) for making up any deficiency in the accounts above,
(b) for making principal or interest payments on any
junior lien bonds or
(c) for any lawful corporate purpose.
' (b) Issuance of Waterworks Revenue Bonds, Series 1976
On May 11, 1976, the Board of Trustees passed an ordinance authorizing the
issuance of $3,000,000.00 Waterworks Revenue Bonds, Series 1976 for the
purpose of defraying the cost of constructing improvements and extensions
to the waterworks system of the Village.
' The Series 1976 bonds were sold and delivered as of August 1, 1976 for
$2,946,840.00.
(3) Police Pension Fund
' (a) Actuarial Deficiency
' According to the governing act, the Board of Trustees of the Police Pension Fund
is required to establish and maintain a reserve not to exceed the total
actuarial requirements of the Fund. In municipalities having less than the
actuarial requirements of the Fund, the Board shall designate the proportionate
' amount needed annually to insure the accumulation of such actuarial reserve
over a 40-year period ending in 2006. The total actuarial requirements at
April 30, 1977 amounted to $1,652,737.00 including the actuarial reserve
' deficiency of $837,918.00 for prior service costs as determined by the State
Department of Insurance. This actuarial reserve deficiency has been adjusted
by the amount due from other funds and accrued pension expense at April 30,
1977.
(Continued)
' 4
VILLAGE OF OAK BROOK, ILLINOIS
Notes to Financial Statements
' (b) Amended Benefits and Change in
Actuarial Assumptions
' In 1975, changes made to Article 3 of Chapter 108-1/2 of the Illinois Statues,
affected the level of pension and disability benefits both for current and
future recipients of benefits. These changes are reflected in the fund
valuation above. Additionally, the actuarial assumptions regarding interest
rate and salary progression have been changed, which are also reflected above.
' The net effect of these changes was to increase the total actuarial require-
ments and the actuarial deficiency by $114,761.00 each at the time of the
change.
' (4) Firemen's Pension Fund
' (a) Funded Obligation
According to the governing act, the Board of Trustees of the Firemen's Pension
Fund is required to establish and maintain a minimum reserve balance of
$1,000.00 for each 1,000 inhabitants. Under this provision the minimum re-
quirement is $5,251.00. At April 30, 1977 the Board had exceeded this
minimum by $673,161.15 for a total funded obligation of $678,412.15.
(b) Actuarial Deficiency
According to the governing act, the Board of Trustees of the Firemen's Pension
Fund is required to designate the proportionate amount needed annually to
amortize the actuarial reserve deficiency, as determined by the State of
Illinois, Department of Insurance over a 40-year period ending in 2007. At
April 30, 1977 the actuarial requirements of the Fund amounted to $941,501.00
including actuarial reserve deficiencies of $264,613.00 for prior service
' costs, as determined by the State Department of Insurance. This actuarial
reserve deficiency has been adjusted by the amount due from other funds at
April 30, 1977.
' (c) Amended Benefits and Change in
Actuarial Assumptions
' In 1975, changes made to Article 4 of Chapter 108-1/2 of the Illinois Statutes,
affected the level of pension and disability benefits both for current and
future recipients of benefits. These changes are reflected in the fund
valuation above. Additionally, the actuarial assumptions regarding interest
rate and salary progression have been changed, which are also reflected above.
The net effect of these changes was to increase the total actuarial require-
ments and the actuarial deficiency by $68,787.00 each at the time of the
' change.
(Continued)
5
' VILLAGE OF OAK BROOK, ILLINOIS
' Notes to Financial Statements
' (5) Illinois Municipal Retirement Fund
As the Village does not have a property tax levy no separate fund accountability
is maintained for Illinois Municipal Retirement Fund purposes. Expenditures
for this purpose are included in the Corporate and Waterworks System Funds.
' The Illinois Municipal Retirement Fund's actuary estimates that as of
December 31, 1976 the present value of total IMRF pension obligations to
be borne by the Village of Oak Brook was $332,715.00. The Village had
accumulated reserve assets of $73,481.00 on the same date. Therefore, the
estimated present value of future contributions to be made by the Village
on behalf of present employees was $259,234.00. This pension obligation
includes, in addition to future normal cost of $158,722.00, the amount of
unfunded prior service cost, computed to be $100,512.00.
' The annual Village contribution rate fixed by the IMRF Board of Trustees
provides for full funding of prior service costs, including interest as
determined actuarially over a future period of not more than 40 years.
' (6) General Long-term Debt Fund
' (a) Loan on Village Hall
The Village executed a 5-1/2y loan in the amount of $1,412,134.14 to finance
the construction of the Village Hall. The loan is to be paid in 84 con-
secutive monthly installments of principal and interest in the amount of
$20,293.37 each. The installments commenced on June 1, 1976, with the
final installment due on May 1, 1983. The loan is a general obligation
of the Village.
(b) Loan on Library
' In the 1976 fiscal year, the Village executed an agreement with a bank providing
for a line of credit of $170,649.00. This is to be used to finance the Oak
' Brook Library renovation. The entire amount of the line of credit was drawn
by the Village through April 30, 1977 and the unpaid balance of the indebt-
edness at April 30, 1977 was $134,802.50. Payments of principal and interest
are to be made in 60 consecutive installments with the final installment to
be made on January 1, 1981.
(c) Contract Payable to State of Illinois
The Village entered into agreements in 1975 and 1976 with the State of Illinois.
Under these agreements the State would undertake construction of two roadway
projects, with partial reimbursement to be made by the Village. This reim-
bursement totalled $649,586.84 which is to be paid in 36 monthly installments.
At April 30, 1977 the Village had paid 23 and 7 installments under the two
agreements, respectively, and the total balance due the State was $345,565.09.
(Continued)
6
VILLAGE OF OAK BROOK, ILLINOIS
' Notes to Financial Statements
(7) Subsequent Event
' On May 31, 1977, the Board of Trustees passed ordinances authorizing the making
and execution of an agreement between the Village and the Butler Company for
the Village to purchase approximately 269 acres of the property commonly
' referred to as the Butler International Sports Core, Oak Brook, Illinois,
together with attendant documents and a management agreement between the
Village and Butler International Sports Core, Inc. The two above agreements
are contingent upon the results of a special election to approve the purchase
and authorize and approve the issue of general obligation bonds by the Village
in the amount of $10,270,000.00.
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1 PART III
1 FINANCIAL STATISTICS
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PART III
' INDEX TO FINANCIAL STATISTICS
' Table
' General Governmental Expenditures by•
Function, Last Ten Fiscal Years 1
' General Revenues•by Source, Last Ten
Fiscal Years • . 2
Assessed and Estimated Actual Value of
Taxable Property, Last Ten Fiscal Years . . . . . . . . . . . . . . . . 3
Property Tax Rates - All Overlapping Governments
' (per $100.00 assessed valuation) ,
Last Ten Fiscal Years • 4
' Computation of Legal Debt Margin, April 30, 1977 . . . . . . . . . . . . . 5
Debt Service to Maturity - Waterworks Revenue
Bonds, April 30, 1977 . . . . . . . . . . . . . . . . . . . . . . . . . 6
Building Permit Data, Last Ten Calendar Years . . . . . . . . . . . . . . . 7
' Schedule of Insurance in Effect,
Fiscal Year 1977-1978 • . . . . . . . . . . 8
Miscellaneous Statistical Data, April 30, 1977 . . . . . . . . . . . . . . 9
Table 1
VILLAGE OF OAK BROOK, ILLINOIS
General Governmental Expenditures by Function
Last Ten Fiscal Years
Fiscal
year Administration Police Fire Building Engineering Public works Library Pension Insurance Total
1977 $ 368,902 707,421 624,661 78,111 71,530 225,542 36,084 237,195 151,597 2,501,043
' 1976 381,669 688,536 593,024 74,076 58,437 238,476 23,590 200,868 112,194 2,370,870
1975 437,693 608,090 519,045 64,071 68,188 275,046 21,339 174,042 91,482 2,258,996
1974 167,620 493,658 420,765 34,062 41,651 221,994 14,480 158,502 74,399 1,627,131
1973 138,288 403,233 314,908 24,406 34,020 139,397 10,892 111,190 73,073 1,249,407
1972 127,660 343,979 230,857 22,499 25,431 107,429 5,846 87,962 61,284 1,012,947
1971 110,967 281,120 183,126 22,332 50,492 120,956 - 71,998 43,976 884,967
1970 101,564 239,189 125,197 26,546 20,777 94,822 - 51,396 42,560 702,051
1969 59,535 202,975 72,453 19,616 17,026 78,142 - 34,966 26,568 511,281
' 1968 45.921 180,245 _23_,446 15.926 3.428 62,055 - 22.127 21.711 374.859
Table 2
1 VILLAGE OF OAK BROOK, ILLINOIS
1 General Revenues by Source
Last Ten Fiscal Years
1
1Licenses Other Charges
Fiscal General and inter- for Fines and Investment
year sales tax permits government service forfeits . interest Miscellaneous Total
! 1977 $ 2,353,858 123,894 157,971 74,062 55,534 82,410 204,385 3,052,114
1976 2,103,221 97,815 104,660 159,909 57,026 101,971 176,612 2,801,214
1 1975 1,952,700 63,032 118,532 64,304 50,649 184,003 269,000 2,702,220
1974 1,903,959 83,216 90,456 31,149 50,087 177,006 162,553 2,498,426
1 1973 1,670,236 55,364 244,761 21,195 27,188 157,213 24,999 2,200,956
1972 1,510,767 61,201 67,726 5,217 33,809 115,268 23,098 1,817,086
1 1971 1,396,536 44,650 41,378 15,198 12,700 85,878 37,177 1,633,517
1 1970 1,219,884 69,158 15,048 20,585 11,606 63,367 26,406 1,426,054
1969 719,083 66,066 - 22,581 4,598 32,972 5,100 850,400
1968 0.947 - - 1_375 77
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Table 3
VII.i" OF OAK BROOK, ILLINOIS
' Assessed and Estimated Actual Value of Taxable Property
Last Tea Fiscal Years
' Ratio of total
Real property Personal property Total assessed/total
Fiscal Estimated Estimated Estimated estimated
year Assessed actual value Assessed actual value Assessed actual value actual value
' 1977 $ 143,620 430,860 20,767 62,301 164,387 493,161 33.332
' 1976 128,005 382,904 20,797 62,210 148,802 445,114 33.43
1975 118,870 384,195 17,489 56,525 136,359 440,720 30.94
' 1974 109,890 330,894 13,729 41,339 123,619 372,233 33.21
1973 103,295 285,819 10,784 29,839 114,079 315,658 36.14
' 1972 92,625 225,914 10,678 26,043 103,303 251,957 41.00
1971 79,163 175,917 9,882 21,960 89,045 197,877 45.00
' 1970 71,161 158,135 9,024 20,053 80,185 178,188 45.00
' 1969 61,345 136,322 8,019 17,820 69,364 154,142 45.00
1968 ?�,Q .� Z X252¢ ALM
' Note: All figures 000's.
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VILLAGE OF OAK BROOK, ILLINOIS Table 4
' Property Tax Rates - All Overlapping Governments
(per $100.00 assessed valuation)
' Last Ten Fiscal Years
t Village Junior Grade High Oak Brook Hinsdale
Fiscal of Basic College School School Park Sanitary
year Total Oak Brook Town* 4502 453 486 District District
1977 5.5792 - 0.9446 .1929 2.0464 1.9431 .3159 .1363
1976 5.787 - 1.067 .160 2.065 2.002 .333 .160
' 1975 5.804 - .899 .151 2.114 1.987 .329 .324
' 1974 6.067 - .952 .157 2.225 2.051 .317 .365
1973 6.110 - .833 .159 2.270 2.013 .245 .590
' 1972 5.895 - .794 .160 2.137 1.982 .260 .562
1971 5.998 - .802 .151 2.174 1.987 .180 .704
' 1970 5.472 - .799 .130 2.202 2.003 .185 .153
1969 4.886 - .799 .135 1.842 1.821 .154 .135
1968 , 0 --.Z- .651 1 .123 .128
' *Note: Includes all county, forest preserve and township rates.
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' Table 5
VILLAGE OF OAK BROOK, ILLINOIS
Computation of Legal Debt Margin
April 30, 1977
Assessed value $ 164.387.348
' Debt limit 7.5% of assessed value 12,329,051
Debt applicable to debt limit.
(1) Heritage/Pullman Bank lease purchase $ 1,256,570
' (2) Heritage/County Bank lease purchase
Total applicable debt 1,391,373
' Legal debt margin $ 10.937.678
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VILLAGE OF OAK BROOK, ILLINOIS Table 6
' Debt Service to Maturity - Waterworks Revenue Bonds
April 30, 1977
Series 1973 Series 1976
Principal Interest Principal Interest Total
Maturing as follows, year
ending April 30:
' 1978 $ 100,000 160,600 100,000 162,225 522,825
1979 100,000 154,600 125,000 157,825 537,425
1980 100,000 148,600 125,000 152,325 525,925
' 1981 125,000 142,600 125,000 146,825 539,425
1982 125,000 135,100 150,000 140,450 550,550
1983 125,000 128,725 175,000 132,800 561,525
' 1984 125,000 122,225 200,000 123,875 571,100
1985 150,000 115,725 200,000 112,875 578,600
1986 150,000 108,075 200,000 101,875 559,950
1987 150,000 100,575 225,000 90,875 566,450
' 1988 175,000 93,075 225,000 78,500 571,575
1989 175,000 84,325 250,000 66,125 575,450
1990 200,000 75,400 275,000 51,750 602,150
1991 200,000 65,200 300,000 35,938 601,138
1992 200,000 54,800 325,000 18,687 598,487
1993 225,000 44,400 - 269,400
1994 225,000 32,700 _ _ 257,700
1995 250,000 21,000 271,000
1996 275,000 11,000 - - 286,000
$ 98.725 I 1.572.950 9.546.675
' VILLAGE OF OAK BROOK, ILLINOIS Table 7
' Building Permit Data
Last Ten Calendar Years
' Calendar Residential Commercial Industrial
year Number Value Average value Number Value Average value
1976 73 $ 7,940,950 108,780 3 $ 1,740,000 580,000
' 1975 39 4,379,000 112,282 5 14,040,000 2,808,000
1974 27 2,391,370 88,569 4 4,350,000 1,087,500
' 1973 50 4,145,784 82,916 14 44,408,472 3,172,034
' 1972 41 2,750,600 67,087 6 4,542,000 757,000
1971 51 3,249,576 63,720 9 10,194,251 1,019,425
' 1970 53 3,638,700 68,654 10 18,041,000 2,004,555
1969 60 3,958,200 65,970 11 20,128,000 1,829,818
' 1968 222 11,258,865 50,716 19 13,733,180 722,799
' 1967 ]02 4.905.931 48,QqZ 11 8.696.655 0 0
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Table 8
' VILLAGE OF OAK BROOK, ILLINOIS
' Schedule of Insurance in Effect
Fiscal year 1977-1978
' Nasse of company Policy period Annual
Type of insurance (Policy number) From To Amount of coverage premium
Workmen's Compensation National Ben Franklin 5-29-77 5-29-78 Statutory
' Employer's Liability Ins. Co. - WC6178554 $ 33,514
Public Officials Liability Forum Insurance Co. - 5-15-77 5-15-78 $1,000,000.00
' P.O. 11293,073
Excess Third Party Liability Continental Casualty 5-15-77
-15-77 5-15-78 5,000,000.00
Co. - RDX1421153 5,000
' Umbrella Liability Inter-State Fire and 5-15-77 5-15-78 5,000,000.00
Marine Ins. Co. -
' B0697 - 28,900
Police Professional Drake Insurance Co. 5-15-77
-15-77 5-15-78 100,000.00 each person
Liability B 0694 300,000.00 each incident
' 500,000.00 aggregate 4,307
Treasurer's Bond Lumberman Mutual 4-13-77 4-13-78 100-,000.00
Casualty Co. -
75284459 73
Comprehensive Automobile Home Indemnity 5-15-77 5-15-78 500,000.00 B.I. each person
Liability Company - B 0698 500,000.00 B.I. each occurance
250,000.00 P.D. each occurance 18,996
Volunteer Accident Pacific Indemnity 5- 1-77 5- 1-78 17,500.00 each occurance
' Insurance Company - D.S.G. 10612 175,000.00 aggregate 900
Institutional Package Policy: Home Insurance Company 5-15-77 5-15-78
(a) General Liability (a)( 500,000.00 B.I. each occurance
( 500,000.00 P.D. aggregate
(b) Boiler (b) 1,000,000.00 each occurance
(c) Blanket Faithful
' Performance (c) 100,000.00 each individual
(d) Property/Business
Income -(d) As scheduled 2 02
Table 9
VILLAGE OF OAK BROOK, ILLINOIS
Miscellaneous Statistical Data
April 30, 1977
' 1. Date of incorporation: 2/21/58
2. Form of Government: Seven member Board of Trustees, including President;
Village Manager appointed by Board of Trustees
' 3. Area - square miles: 8.5
4. Miles of streets: 53 miles
L5. Fire protection: Number of stations: 2
Number of full-time employees: 31
Number of part-time employees: 35
' Vehicular equipment units: 11
6. Police protection: Number of employees: 29 sworn, 9 clerical
Detention facilities: 2 juvenile, 6 adult
Vehicles: 10
' 7. Recreation: Oak Brook Park District - 66 acres including
indoor and outdoor tennis
DuPage County Forest Preserve - 141 acres
t International Sports Core - 550 acres
Midwest Country Club - 36 hole semi-private
8. Education: Brookforest Elementary School
' 241 students, 15 teachers
Butler Elementary School
370 students, 35 teachers
' 9. Water system: Number of customers: 257 commercial
3,192 residential
' Gallons pumped fy 1976/77: 1,050,121,000
10. Census data: 1960 - 324; 1970 - 4,164; 1975 - 5,281
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