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03 - March 2022 Monthly Financial ReportVILLAGE OAK BROOK OF MONTHLY FINANCIAL REPORTS MARCH 2022 ITEM 6.E Cash and Investments by Fund:Total Cash and Cash Pooled Cash and Fund Equivalents Investments Investments % By Fund General Corporate $15,873,899 $13,824,353 $29,698,252 57.1% Hotel/Motel Tax 1,107,071 716,622 1,823,693 3.5% Motor Fuel Tax 1,300,538 14,728 1,315,265 2.5% Infrastructure 7,607,717 4,507,451 12,115,168 23.3% Promenade TIF 55,266 - 55,266 0.1% Water 1,378,363 3,368,190 4,746,553 9.1% Sports Core 770,485 - 770,485 1.5% Golf Surcharge 281,686 - 281,686 0.5% Self-Insurance 260,242 - 260,242 0.5% Garage 345,962 - 345,962 0.7% Equipment Replacement 243,434 377,457 620,891 1.2% Total $29,224,662 $22,808,801 $52,033,462 100.0% Change in Cash and Investments by Fund : Balance at Balance at Year-to-Date Year-to-Date Fund January 1, 2022 March 31, 2022 Change ($)Change (%) General Corporate $25,941,144 $29,698,252 $3,757,108 14.5% Hotel/Motel Tax 1,754,745 1,823,693 68,948 3.9% Motor Fuel Tax 1,153,550 1,315,265 161,715 14.0% Infrastructure 10,880,028 12,115,168 1,235,140 11.4% Promenade TIF 298,387 55,266 (243,121)-81.5% Water 3,614,863 4,746,553 1,131,690 31.3% Sports Core 576,566 770,485 193,919 33.6% Golf Surcharge 278,773 281,686 2,913 1.0% Self-Insurance 87,655 260,242 172,587 N/A Garage 325,902 345,962 20,060 6.2% Equipment Replacement 759,255 620,891 (138,364)-18.2% 45,670,868 $52,033,462 $6,362,594 13.9% Book Bank/Market Value Value Cash and Cash Equivalents: Pooled Checking $1,472,885 $1,944,721 Sports Core Checking 1,201,814 1,084,510 Pooled IPTIP 26,144,093 26,144,093 Water E-Pay IPTIP 405,871 389,842 29,224,662 $29,563,166 Pooled Investments: Investments-Municipal Bonds $9,221,723 $8,994,664 Investments-Corporate Bonds 8,996,961 8,740,259 Government & Agency Obligations 2,743,382 2,623,130 Certificates of Deposit 1,715,000 1,666,974 Accrued Interest 131,735 131,735 Total Pooled Investments $22,808,801 $22,156,761 Total Cash and Investments $52,033,462 $51,719,928 Monthly Treasurer's Report March 31, 2022 Monthly Treasurer's Report March 2022 The table below lists the detail investment holdings at J.P. Morgan Securities as of 03/31/22: Month End VOB Settlement Maturity Coupon Yield Book Market Accrued Type Date Date Rate Rate Value Value Interest Municipal Bonds: Bloomingdale Mich Pub Sch Dist #094383FS0 04/26/16 05/01/22 2.710%2.150%$500,164 500,685 $5,607 Laredo TX Waterworks #517039VW0 12/19/19 03/01/24 2.230%2.230%455,000 452,775 789 Oakland Univ Mich #673588HJ1 04/29/20 03/01/24 5.000%1.650%313,498 310,735 1,229 Philadelphia PA GO Ref #717813SW0 05/05/20 08/01/22 5.000%1.820%394,128 394,926 3,047 Maryland St DOT #574204WG4 05/06/20 06/15/22 4.350%1.200%261,718 261,854 3,214 University of CA #91412HFK4 07/16/20 05/15/23 0.628%0.628%25,000 24,636 59 New Jersey St #646039UD7 09/20/20 06/01/22 5.000%0.600%478,488 477,845 7,851 Rio Rancho NM #767175HM7 10/14/2020 5/15/2022 5.000%0.350%186,064 185,866 3,469 Cook, Kane, Lake, & McHenry #216181GL5 10/29/2020 12/15/2022 4.000%0.300%1,051,674 1,044,178 12,065 Miami-Dade Cnty #59333NN90 11/16/2020 12/15/2022 0.375%0.430%734,594 724,350 1,363 Hamilton NY #407741MC8 1/21/2021 5/1/2023 1.000%0.550%205,998 202,294 843 Southern Cal Pub Pwr #84247PHZ7 1/25/2021 4/1/2024 3.608%0.500%1,069,578 1,022,610 8,820 Hillsborough Cnty FL #43232VV3 3/11/2021 7/1/2024 1.815%0.770%511,661 489,020 2,193 Port Auth of NY and NJ #73358WAH7 4/15/2021 12/1/2024 5.859%0.600%569,564 539,210 9,602 City of Atlanta GA Water #047870SG6 4/19/2021 11/1/2024 0.616%0.500%250,744 237,440 625 West Contra Costa Cal Uni #9523474U3 6/17/2021 8/1/2024 0.575%0.575%500,000 476,285 823 New York NY City #64971XA40 10/7/2021 11/1/2024 0.450%0.620%711,881 672,050 1,323 NY Urban Dev Corp #650036AR7 11/5/2021 3/15/2023 0.720%0.451%501,286 494,090 150 Colorado Brdg Enterprise #19633SAZ6 11/24/2021 12/31/2023 0.923%0.844%500,682 483,815 1,167 Total Municipal Bonds $9,221,723 $8,994,664 $64,237 Corporate Bonds: American Express #025816CD9 05/05/20 05/20/22 2.750%1.290%$501,025 500,355 $4,860 PNC Bank #69349LAK4 12/7/2020 1/30/2023 2.950%0.457%1,041,016 1,028,252 5,015 Wells Fargo #94974BFJ4 12/7/2020 2/13/2023 3.450%0.480%1,425,510 1,405,415 6,261 Comerica Bank #200340AS6 12/23/2020 7/31/2023 3.700%0.500%521,212 506,635 12,333 Bank of America #06048WM23 5/14/2021 5/14/2024 0.650%0.650%915,000 862,349 743 Goldman Sachs #38141GXE9 7/27/2021 2/20/2024 3.625%0.693%632,932 607,635 2,417 Goldman Sachs #38150AGU3 7/28/2021 7/28/2023 0.550%0.550%655,000 631,071 630 Morgan Stanley #61746BDQ6 7/28/2021 4/29/2024 3.875%0.547%1,068,635 1,020,103 16,361 Citigroup #17329UEH0 11/18/2021 11/18/2024 1.000%1.149%1,000,000 962,348 3,667 Bank New York Mellon #06406RAG2 1/25/2022 4/28/2023 3.500%0.810%720,153 709,459 10,344 Comerica Bank #200340AS6 1/25/2022 7/31/2023 3.700%1.200%516,477 506,635 (6,167) Total Corporate Bonds $8,996,961 $8,740,259 $56,466 Government & Agency Obligations: Government National Mtg Assn #38381WV96 08/06/19 07/20/54 2.250%2.293%116,303 114,452 90 Government National Mtg Assn #38380BNV3 12/05/19 06/20/46 2.000%2.112%325,764 314,880 408 Federal Home Loan Bank #3130AMVU3 06/29/21 06/29/26 0.500%0.500%500,000 473,577 625 Government National Mtg Assn #38383DWC8 12/14/2021 11/20/2056 1.250%1.379%940,564 862,403 1,023 Federal Home Loan Bank #313381BR5 2/25/2022 12/9/2022 1.875%0.900%860,750 857,818 4,898 Total Government & Agency Obligations:$2,743,382 $2,623,130 $7,045 Certificates of Deposit: Capital One Natl Assn #14042TCZ8 04/01/20 04/01/22 1.350%1.350%245,000 245,006 1,640 Synchrony Bank #87164WZN1 04/03/20 04/04/22 1.350%1.350%245,000 245,025 1,622 Goldman Sachs 38149MXG3 07/28/21 07/29/24 0.550%0.550%245,000 235,506 230 Sallie Mae #795451AD5 07/28/21 07/29/24 0.600%0.600%245,000 235,782 251 Texas Exchange Bk #88241TLS7 07/30/21 07/30/24 0.500%0.500%245,000 235,179 6 Toyota Financial #89235MLF6 08/05/21 8/5/2024 0.550%0.550%245,000 235,384 200 UBS Bank #90348JT42 09/22/21 9/23/2024 0.650%0.650%245,000 235,092 38 Total Certificates of Deposits $1,715,000 $1,666,974 $3,987 Total J.P.Morgan Securities $22,677,066 $22,025,026 $131,735 This is a mortgage backed security that receives principal payments each month based on mortgage repayments. Monthly principal payments will vary and the investment balance may be repaid before the maturity date. VILLAGE OF OAK BROOK Monthly Treasurer's Report March 31, 2022 Cash & Investments by Fund - Total $52 million Cash & Investments by Type - Total $52 million General Corporate 57.1% Hotel/Motel Tax 3.5%Motor Fuel Tax 2.5% Infrastructure 23.3% Promenade TIF 0.1% Water 9.1% Sports Core 1.5% Golf Surcharge 0.5% Self-Insurance 0.5% Garage 0.7% Equipment Replacement 1.2% Checking, $2.7 Illinois Funds, $26.5 Certificates of Deposit, 1.7 Municipal Bonds, $9.2 Corporate Bonds, $9.0 Government & Agency Obligations, $2.7 Accrued Interest, $0.1 in millions YTD YTD Net Fund Budgeted YTD YTD Increase Increase Governmental Funds Revenues Expenditures (Decrease)(Decrease) General Fund (Major Fund)8,890,302$ 5,211,126$ 3,679,176$ 742,510$ Main operating fund of the Village. Hotel Fund (Major Fund)207,547$ 100,476$ 107,072$ 72,930$ Collects and spends resources from the 3% hotel/motel tax. Motor Fuel Tax Fund 161,715$ -$ 161,715$ 157,960$ Collects and spends resources from the State motor fuel tax. Infrastructure Fund (Major Fund)2,328,089$ 746,396$ 1,581,693$ 307,730$ Accounts for construction and maintenance of roadways, drainage, and safety path systems. Promenade TIF Fund (Major Fund)28$ 243,150$ (243,122)$ (220,640)$ Accounts for the revenues and expenditures restricted to the Tax Increment Financing (TIF) district located at 22nd St. and Meyers Rd. Enterprise Funds Water Fund (Major Fund)2,477,112$ 941,461$ 1,535,650$ 898,655$ Collects user fees for the distribution of water and maintenance of infrastructure. Sports Core Fund (Major Fund)558,182$ 321,183$ 237,000$ 48,370$ Accounts for revenues and expenses relating to administration, programs, food and beverage operations, and golf course. Golf Surcharge Fund 2,913$ -$ 2,913$ (46,500)$ Accounts for the collection of the $3 per round golf surcharge. Internal Service Funds Self Insurance Fund 998,625$ 850,503$ 148,122$ 66,675$ Accounts for the Village's health insurance costs and the related contributions from the Village, employees, retirees, and other agencies. Garage Fund 155,444$ 148,239$ 7,205$ (17,760)$ Accounts for the maintenance of the Village's vehicle fleet and the related departmental reimbursements. Equipment Replacement Fund 231,116$ 369,480$ (138,364)$ (133,965)$ 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 March 31, 2022 Village of Oak Brook Monthly Financial Report – Fund Narrative For the Period Ending March 31, 2022 The monthly financial report serves as a document to inform and update readers of the Village’s financial current position, including historical and trend information. A detailed financial statement and trend information is displayed for all Village major funds. A fund is considered major if it is the primary operating of the Village (General Fund) or meets the following criteria: Total assets/deferred outflows of resources, liabilities/deferred inflows of resources, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 10% of the total for all funds of the same category or type, and The same element of the individual fund that met the 10% test is at least 5% of the corresponding total for all funds combined. This report is prepared on a cash basis of accounting, meaning transactions are recognized only when cash is increased or decreased. Transactions for each month are compared to amounts from the Village’s annual budget, which was also prepared using the cash basis of accounting. For the Village’s enterprise funds (Water and Sports Core), a reconciliation is included to display results on a full accrual basis, which is how information is presented in the Village’s annual Comprehensive Annual Financial Report (CAFR). The proceeding pages contain detailed information on the Village’s major funds. Highlights for each of the Village’s funds are: General Fund Total revenues through March 2022 are $2,225,060, or 34.1%, higher than last March, and $2,119,706, or 32%, over budget to date. The main drivers for this are: o Sales tax revenue, the General Fund’s largest revenue source, is up $1,640,362 from last year and $1,545,306 over budget. March 2022 collections came in at the highest level in the past five years. o Other Intergovernmental Tax is up 215,844 from last year and $242,187 over budget. Receipts from Income Tax and Replacement Tax came in higher than anticipated in March. o The Telecommunication/Utility Tax is up $159,775 from last year and $200,474 over budget. 1.00 2.50 4.00 5.50 2018 2019 2020 20212022MillionsSales Tax -March Collection Last 5 Years Total expenditures through March 2022 are $44,201, or 1%, lower than last year and 817,085, or 13.62%, under budget to date. Hotel Tax Fund Total revenues through March 2022 are $116,166, or 127.1%, higher than last year and 63,797, or 44.4%, over budget to date. The main drivers for this are: o Hotel tax revenue is up$124,942 from last year and $67,594 over budget. Hotel stay continues to recover from the effects of COVID-19 on the travel industry. Total expenditures through March 2022 are $65,002 higher than last year and $29,656 over budget. Infrastructure Fund Total revenues through March 2022 are up 612,458, or 37.5%, from last year and 647,625 or 140.5%, over budget. The main drivers for this are: o Non-home rule sales tax revenue is up 613,623 from last year, and $646,946 over budget. March 2022 collections came in at the highest level in the past five years. Total expenditures through March 2022 are down $739,732, or 50.8%, from last year and 626,336 or 46.6%, under budget to date. The main drivers for this are: o Operation and contract expenditures are down $214,821 from last year and 214,821 under budget. o Capital Outlay is down $692,497 from last year and $481,346 under budget. Promenade TIF Fund Total revenues through March 2022 are lower than last year and $ 22,482 or 99.9%, under budget. Revenues are under budget due to the timing of information to record the TIF sale tax transfer. Total expenditures through March 2022 are up $14,900 from last year and even with budget. The increase relates to more principal paid towards the TIF note compared to last year. Water Fund Total revenues through March 2022 are up $215,993, or 9.6% higher than last year and 332,617, or 115.5%, over budget. The main drivers for this are: 1.00 1.50 2.00 2.50 2018 2019 2020 20212022MillionsNon- Home Rule Sales Tax -March Collections Last 5 Years o Water sales revenue is up $266,981 from last year and $225,589 over budget. Water gallons sold has also been slightly more than projected so far this year. Total expenditures through March 2022 are down $529,881, or 38.8%, from last year and 304,372 or 26.7%, under budget. The main drivers for this are: o Personnel expenditures are down $86,724 from last year and $53,585 under budget. o Capital outlay expenditures are down $504,267 from last year. Sports Core Fund Total revenues through March 2022 are up $109,982 or 24.5% higher than last year and 72,917, or 115% over budget to date. The main drivers for this are: o Membership revenue is up $22,350 from last year but down $26,575 under budget. o Rentals are up by $125,724 from last year and 111,953 over budget. Total expenditures through March 2022 are down $153,738, or 33.7%, from last year, and 165,711, or 4.4% under budget to date. The main drivers for this are: o Personnel expenditure are down $10,403 from last year and $52,279 under budget. o Operation and contract expenditures are down $33,320 from last year and 12,262 under budget. o Capital outlay expenditures are down $66,180 from last year, and $80,000 under budget. Activity in the Sports Core Fund are expected to increase in the coming month as preparation for the season begins. 3/31/22 3/31/22 3/31/21 3/31/22 YTD % of YTD 2022 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 3,719,944$ 5,360,306 3,815,000$ 140.5%13,200,000$ 1,640,362$ Other Intergovernmental Tax*417,193 633,037 390,850 162.0%1,618,400 215,844$ Telecommunications/Utility Tax 1,480,699 1,640,474 1,440,000 113.9%5,595,000 159,775$ Grants 12,043 733 - #DIV/0!15,000 (11,311)$ Licenses and Permits 543,390 395,284 457,875 86.3%2,007,510 (148,106)$ Charges for Services 161,457 504,475 265,465 190.0%1,154,900 343,018$ Fines and Penalties 40,559 21,636 34,430 62.8%142,000 (18,923)$ Administrative Towing Fees 8,579 11,000 6,255 175.9%25,000 2,421$ Investment Interest 52,409 22,701 36,000 63.1%144,000 (29,708)$ Franchise Fees - 53,735 49,500 108.6%198,000 53,735$ Miscellaneous Income 87,663 105,616 133,915 78.9%478,270 17,953$ Total Operating Revenues 6,523,936$ 8,748,996$ 6,629,290$ 132.0%24,578,080$ 2,225,060$ OPERATING EXPENDITURES Personnel 4,144,371$ 4,164,609 4,538,390$ 91.8%19,596,700$ 20,238$ Materials and Supplies 88,329 105,067 170,185 61.7%541,780 16,738$ Operation and Contract 931,241 890,149 896,355 99.3%3,584,020 (41,092)$ Other Expenditures 2,173 2,142 2,250 95.2%9,000 (31)$ Capital Outlay 61,742 21,688 393,560 5.5%1,292,350 (40,054)$ Total Operating Expenditures 5,227,856$ 5,183,655$ 6,000,740$ 86.4%25,023,850$ (44,201)$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 1,296,080$ 3,565,341$ 628,550$ (445,770)$ 2,269,261$ INTERFUND TRANSACTIONS Transfers In -$ -$ -$ 0.0%-$ -$ Transfers Out -$ 0.0%-$ Reimbursements From Other Funds 148,419 141,306 141,300 100.0%565,220 (7,113)$ Reimbursements To Other Funds (26,472) (27,471) (27,340) 100.5%(109,880) (999)$ Sports Core Loan - 0.0%- -$ Total Interfund Transactions 121,947$ 113,835$ 113,960$ 99.9%455,340$ (8,112)$ NET FUND INCREASE (DECREASE)1,418,027$ 3,679,176$ 742,510$ 9,570$ 2,261,149$ 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 March 31, 2022 Total Total Revenues Expenditures 3/31/22 Actual 8,748,996$ 5,183,655$ 3/31/21 Actual 6,523,936$ 5,227,856$ Change From Last Year 34.1%-0.8% Major Revenues Other Telecom/Utility Licenses &Charges for Sales Tax Intergov. Tax Tax Permits Services 3/31/22 Actual 5,360,306$ 633,037$ 1,640,474$ 395,284$ 504,475$ 3/31/21 Actual $ 3,719,944 $ 417,193 $ 1,480,699 $ 543,390 $ 161,457 Change From Last Year 44.1%51.7%10.8%-27.3%212.5% Five Year Trend Major Expenditures Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 3/31/22 Actual 4,164,609$ 105,067$ 890,149$ 2,142$ 21,688$ 3/31/21 Actual 4,144,371$ 88,329$ 931,241$ 2,173$ 61,742$ Change From Last Year 0.5%18.9%-4.4%-1.4%-64.9% Five Year Trend Expenditures by Department 3/31/21 3/31/22 3/31/22 3/31/22 2022 Difference Five YTD YTD YTD % of Annual Prior Year Department Actual Actual Budget Budget Budget Year Trend Legislative & General Management 555,439$ 555,048$ 784,905$ 70.7%3,002,480$ (391)$ Financial Services 178,532 207,071 194,640 106.4%827,030 28,539 Public Works 223,019 157,826 183,560 86.0%928,765 (65,193) Engineering & Capital Projects 4,547 11,172 139,000 8.0%384,000 6,625 Library 206,516 233,222 239,800 97.3%996,145 26,706 Police 2,034,356 2,185,963 2,336,800 93.5%9,869,105 151,607 Fire 1,767,963 1,611,145 1,872,020 86.1%7,922,040 (156,818) Development Services 257,484 222,207 250,015 88.9%1,094,285 (35,277) Total Expenditures 5,227,856$ 5,183,655$ 6,000,740$ 86.4%25,023,850$ (44,201)$ Five Year Trend For the Period Ending March 31, 2022 General Fund - Five Year Trend Village of Oak Brook Revenues Expenditures 3/31/22 3/31/22 3/31/21 3/31/22 YTD % of YTD 2022 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Hotel Tax 81,152$ 206,094 138,500$ 148.8%773,500$ 124,942$ Investment Interest 10,229 1,453 5,250 27.7%21,000 (8,776) Loan Interest - #DIV/0!6,000 - Total Operating Revenues 91,381$ 207,547$ 143,750$ 144.4%800,500$ 116,166$ EXPENDITURES Operation and Contract 14,774$ 27,080 50,120$ 54.0%289,985$ 12,306$ Capital Outlay - 52,696 #DIV/0!- 52,696 Total Expenditures 14,774$ 79,776$ 50,120$ 159.2%289,985$ 65,002$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 76,607$ 127,772$ 93,630$ 136.5%510,515$ 51,165$ INTERFUND TRANSACTIONS Transfer Out -$ -$ -$ #DIV/0!(193,375)$ -$ Reimbursements to Other Funds (21,021) (20,700) (20,700) 100.0%(82,800) 321 Total Interfund Transactions (21,021)$ (20,700)$ (20,700)$ 100.0%(276,175)$ 321$ NET FUND INCREASE (DECREASE)55,586$ 107,072$ 72,930$ 234,340$ 51,486$ Note - Expenditures are recorded in program 171. Village of Oak Brook Hotel Tax Fund Financial Update For the Period Ending March 31, 2022 Total Total Revenues Expenditures 3/31/22 Actual $ 207,547 79,776$ 3/31/21 Actual $ 91,381 14,774$ Change From Last Year 127.1%440.0% Major Revenues Investment Hotel Tax Interest Loan Interest Miscellaneous 3/31/22 Actual $ 206,094 $ 1,453 -$ -$ 3/31/21 Actual $ 81,152 $ 10,229 -$ -$ Change From Last Year 154.0%-85.8%0.0%0.0% Five Year Trend Major Expenditures Operation & Contractual Capital Outlay 3/31/22 Actual 27,080$ 52,696$ 3/31/21 Actual 14,774$ -$ Change From Last Year 83.3%#DIV/0! Five Year Trend Village of Oak Brook Hotel Tax Fund - Major Sources Five Year Trend For the Period Ending March 31, 2022 Five Year Trend Revenues Expenditures 3/31/22 3/31/22 3/31/21 3/31/22 YTD % of YTD 2022 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Non-Home Rule Sales Tax 1,625,823$ 2,239,446 1,592,500$ 102.1%5,815,000$ 613,623$ Investment Interest 8,964 7,799 6,870 130.5%27,500 (1,165)$ Grants - - - 1,089,730 -$ Miscellaneous - - 250 0.0%1,000 -$ Total Operating Revenues 1,634,787$ 2,247,245$ 1,599,620$ 140.5%6,933,230$ 612,458$ OPERATING EXPENDITURES Personnel 352,232$ 373,329$ 315,610$ 118.3%1,292,835$ 21,097$ Materials and Supplies 121,833 113,832 101,720 111.9%226,600 (8,001) Operation and Contract 271,380 211,049 425,870 49.6%1,730,180 (60,331) Capital Outlay 711,151 18,654 500,000 3.7%9,226,320 (692,497) Total Operating Expenditures 1,456,596$ 716,864$ 1,343,200$ 53.4%12,475,935$ (739,732)$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 178,191$ 1,530,381$ 256,420$ 596.8%(5,542,705)$ 1,352,190$ INTERFUND TRANSACTIONS Transfers In -$ -$ 0.0%423,375$ -$ Reimbursements From Other Funds 82,962 80,844 80,835 100.0%323,365 (2,118) Reimbursements To Other Funds (44,076) (29,532) (29,525) 100.0%(118,130) 14,544 Total Interfund Transactions 38,886$ 51,312$ 51,310$ 100.0%628,610$ 12,426$ NET FUND INCREASE (DECREASE)217,077$ 1,581,693$ 307,730$ (4,914,095)$ 1,364,616$ Village of Oak Brook Infrastructure Fund Financial Update For the Period Ending March 31, 2022 Total Total Revenues Expenditures 3/31/22 Actual $ 2,247,245 716,864$ 3/31/21 Actual $ 1,634,787 1,456,596$ Change From Last Year 37.5%-50.8% Major Revenues Sales Tax Charges for Services Investment Interest Miscellaneous 3/31/22 Actual $ 2,239,446 $ - $ 7,799 $ - 3/31/21 Actual $ 1,625,823 $ - $ 8,964 $ - Change From Last Year 37.7%0.0%-13.0%0.0% Five Year Trend Major Expenditures Materials &Operation & Personnel Supplies Contractual Capital Outlay 3/31/22 Actual 373,329$ 113,832$ 211,049$ 18,654$ 3/31/21 Actual 352,232$ 121,833$ 271,380$ 711,151$ Change From Last Year 6.0%-6.6%-22.2%-97.4% Five Year Trend Expenditures by Department 3/31/21 3/31/22 3/31/22 3/31/22 2022 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend Legislative & General Management 36,285$ 28,892$ 52,010$ 55.5%209,510$ (7,394)$ Public Works 651,848 589,033 584,365 100.8%2,380,195 (62,815) Engineering & Capital Projects 768,463 98,940 706,825 14.0%9,886,230 (669,523) Total Expenditures 1,456,596$ 716,864$ 1,343,200$ 53.4%12,475,935$ (739,732)$ Five Year Trend Village of Oak Brook Infrastructure Fund - Major Sources Five Year Trend For the Period Ending March 31, 2022 Revenues Expenditures 3/31/22 3/31/22 3/31/21 3/31/22 YTD % of YTD 2022 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 9,944$ -$ 22,500$ 0.0%90,000$ (9,944)$ Real Estate Tax - 0.0%405,000 - Investment Interest 22 28 10 283.4%50 6 Total Operating Revenues 9,966$ 28$ 22,510$ 0.126%495,050$ (9,938)$ EXPENDITURES Operation and Contract -$ 0.0%3,900$ -$ Other Expenditures 228,250 243,150 243,150 100.0%486,255 14,900 Total Expenditures 228,250$ 243,150$ 243,150$ 100.0%490,155$ 14,900$ NET FUND INCREASE (DECREASE)(218,284)$ (243,122)$ (220,640)$ 4,895$ (24,838)$ Note - Expenditures are recorded in program 283. Village of Oak Brook Promenade TIF Fund Financial Update For the Period Ending March 31, 2022 Total Total Revenues Expenditures 3/31/22 Actual $ 28 243,150$ 3/31/21 Actual $ 9,966 228,250$ Change From Last Year -99.7%6.5% Major Revenues Real Estate Investment Sales Tax Tax Interest 3/31/22 Actual -$ $ - $ 28 3/31/21 Actual 9,944$ $ - $ 22 Change From Last Year -100.0%0.0%28.8% Five Year Trend Major Expenditures Operation &Other Contractual Expenditures 3/31/22 Actual -$ 243,150$ 3/31/21 Actual -$ 228,250$ Change From Last Year 0.0%6.5% Five Year Trend Village of Oak Brook Promenade TIF Fund - Major Sources Five Year Trend For the Period Ending March 31, 2022 Five Year Trend Revenues Expenditures 3/31/22 3/31/22 3/31/21 3/31/22 YTD % of YTD 2022 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Plan Review Fees 75$ 225$ 255$ 88.2%1,000$ 150$ Building/Inspection Fees 638 375 1,245 30.1%5,000 (263) Water Sales 2,051,108 2,318,089 2,092,500 110.8%10,484,500 266,981 Unmetered Sales 2,400 40,154 12,495 321.4%50,000 37,754 Water Connection Fees 74,750 83,490 18,750 445.3%75,000 8,740 Meter Charges 1,518 4,100 3,750 109.3%15,000 2,582 Special Services 765 - 500 N/A 25,000 (765) Investment Interest 14,074 4,740 7,500 63.2%30,000 (9,334) Miscellaneous 115,791 25,938 7,500 345.8%30,000 (89,853) Total Operating Revenues 2,261,119$ 2,477,112$ 2,144,495$ 115.5%10,715,500$ 215,993$ OPERATING EXPENDITURES Personnel 184,834$ 98,110$ 151,695$ 64.7%647,620$ (86,724)$ Materials and Supplies 37,265 37,220 18,175 204.8%69,650 (45) Operation and Contract 635,959 697,114 970,840 71.8%5,400,625 61,155 Capital Outlay 508,161 3,894 - #DIV/0!3,925,000 (504,267) Total Expenditures 1,366,219$ 836,338$ 1,140,710$ 73.3%10,042,895$ (529,881)$ Surplus (Deficit) of Revenues Over Expenditures 894,900$ 1,640,773$ 1,003,785$ 163.5%672,605$ 745,873$ INTERFUND TRANSACTIONS Reimbursements To Other Funds (112,626)$ (105,123)$ (105,130)$ 100.0%(420,490)$ 7,503$ Total Interfund Transactions (112,626)$ (105,123)$ (105,130)$ 100.0%(420,490)$ 7,503$ Fund Increase/(Decrease) - Budgetary Basis 782,274$ 1,535,650$ 898,655$ 170.9%252,115$ 753,376$ ADUSTMENTS TO GAAP BASIS* Remove Capital Outlay 508,161$ 3,894$ Depreciation Expense (143,750) (143,750) IMRF Pension Expense (11,250) (11,250) OPEB Expense (7,500) (7,500) Total GAAP Adjustments 345,661$ (158,606)$ Fund Increase/(Decrease) - GAAP Basis 1,127,935$ 1,377,044$ 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 March 31, 2022 Total Total Revenues Expenditures 3/31/22 Actual $ 2,477,112 836,338$ 3/31/21 Actual $ 2,261,119 1,366,219$ Change From Last Year 9.6%-38.8% Unmetered Water Water Sales Sales Connection Fees Meter Charges Miscellaneous 3/31/22 Actual $ 2,318,089 $ 40,154 $ 83,490 $ 4,100 $ 25,938 3/31/21 Actual $ 2,051,108 $ 2,400 $ 74,750 $ 1,518 $ 115,791 Change From Last Year 13.0%1573.1%11.7%170.1%-77.6% Five Year Trend Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 3/31/22 Actual 98,110$ 37,220$ 697,114$ -$ 3,894$ 3/31/21 Actual 184,834$ 37,265$ 635,959$ -$ 508,161$ Change From Last Year -46.9%-0.1%9.6%0.0%-99.2% Five Year Trend Expenditures by Department 3/31/21 3/31/22 3/31/22 3/31/22 2022 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend Public Works 838,833$ 813,074$ 1,140,710$ 73.5%6,067,895$ 25,759$ Engineering & Capital Projects 527,386 23,265 - #DIV/0!3,975,000 504,122 Total Expenditures 1,366,219$ 836,338$ 1,140,710$ 73.3%10,042,895$ 529,881$ Five Year Trend Village of Oak Brook Water Fund - Major Sources Five Year Trend For the Period Ending March 31, 2022 Revenues Expenditures Village of Oak Brook Monthly Operating Statement Sports Core Fund Consolidated Presentation For the Period Ending March 31, 2022 3/31/22 3/31/22 3/31/22 YTD % of YTD 2022 3/31/21 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 450$ -$ -$ 277,675$ 278,125$ 304,700$ 91.3%801,750$ 255,775$ 22,350$ Greens Fees - - - 23,242 23,242 36,000 64.6%1,145,000 35,969 (12,727) Pro Shop Sales - - - 25,161 25,161 21,910 114.8%210,000 23,888 1,273 Golf Lessons - - - 10,050 10,050 7,000 143.6%50,000 11,310 (1,260) Driving Range Fees - - - 57,525 57,525 63,000 91.3%300,000 72,300 (14,775) Rentals - 131,393 7,344 7,491 146,228 34,275 426.6%993,775 20,504 125,724 Programs/User Fees - - - - - - 0.0%15,500 - - Food Sales - - - 6,136 6,136 6,440 95.3%286,000 7,226 (1,090) Beverage Sales - - - 11,638 11,638 11,500 101.2%490,000 12,192 (554) Taste of Oak Brook - - - - - - 0.0%120,000 - - Grants - - - - - - 0.0%- - - Other Revenue 79 - - - 79 440 17.8%8,000 9,036 (8,957) Total Operating Revenues 529$ 131,393$ 7,344$ 418,917$ 558,182$ 485,265$ 115.0%4,420,025$ 448,200$ 109,982$ OPERATING EXPENDITURES Personnel 249$ -$ 28,268$ 156,739$ 185,256$ 237,535$ 78.0%1,671,380$ 195,659$ (10,403)$ Materials & Supplies 154 - 14 14,112 14,281 59,975 23.8%718,900 58,116 (43,835) Operational & Contractual 26,740 13,849 9,359 52,834 102,782 90,520 113.5%942,765 136,102 (33,320) Other - - - - - - 0.0%- - - Capital (1,949) - 1,949 - (0) 80,000 0.0%466,750 66,180 (66,180) Total Operating Expenditures 25,193$ 13,849$ 39,590$ 223,686$ 302,319$ 468,030$ 64.6%3,799,795$ 456,057$ (153,738)$ B&T Administration Overhead Allocation*-$ -$ -$ -$ -$ -$ 0.0%-$ -$ -$ Operating Revenues Over (Under) Expenditures (24,665)$ 117,544$ (32,246)$ 195,231$ 255,864$ 17,235$ 1484.6%620,230$ (7,857)$ 263,721$ INTERFUND TRANSACTIONS Interfund Loan**-$ -$ -$ -$ -$ -$ 0.0%-$ -$ -$ Transfer From General Fund - - - - - - 0.0%- - - Transfer From Golf Surcharge Fund - - - - - 50,000 0.0%150,000 - - Reimbursement From Infrastructure Fund - - - - - - #DIV/0!- 8,000 (8,000) Reimbursement From Water Fund - - - - - - #DIV/0!- 2,002 (2,002) Reimbursement To General Fund (4,716) - - (14,148) (18,864) (18,865) 100.0%(75,455) 30,761 (49,625) Total Interfund Transactions (4,716)$ -$ -$ (14,148)$ (18,864)$ 31,135$ -60.6%74,545$ 40,763$ (59,627)$ Total Revenues Over (Under) Expenditures - Budgetary Basis (29,381)$ 117,544$ (32,246)$ 181,083$ 237,000$ 48,370$ 694,775$ 32,906$ 204,094$ ADUSTMENTS TO GAAP BASIS** Remove Capital Outlay (1,949)$ -$ 1,949$ -$ (0)$ 131,962$ Depreciation Expense (42,057) (421) - (61,575) (104,053) (176,531) IMRF Pension Expense (513) - - (6,125) (6,638) (8,651) OPEB Expense - - - (7,000) (7,000) (8,500) Total GAAP Adjustments (44,519)$ (421)$ 1,949$ (74,700)$ (117,691)$ (61,720)$ Fund Increase/(Decrease) - GAAP Basis (73,899)$ 117,122$ (30,297)$ 106,383$ 119,309$ (28,814)$ 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. Total Direct Total Direct Revenues Expenditures 3/31/22 Actual $ 558,182 302,319$ 3/31/21 Actual $ 448,200 456,057$ Change From Last Year 24.5%-33.7% Driving Program/ Memberships Greens Fees Range Fees Rentals User Fees 3/31/22 Actual $ 278,125 $ 23,242 $ 57,525 $ 146,228 -$ 3/31/21 Actual $ 255,775 $ 35,969 $ 72,300 $ 20,504 -$ Change From Last Year 8.7%-35.4%N/A 613.2%0.0% Five Year Trend Materials &Operation &Other Personnel Supplies Contractual Expenditures Capital Outlay 3/31/22 Actual 185,256$ 14,281$ 102,782$ -$ (0)$ 3/31/21 Actual 195,659$ 58,116$ 136,102$ -$ 66,180$ Change From Last Year -5.3%-75.4%-24.5%0.0%-100.0% Five Year Trend Revenues by Department 3/31/21 3/31/22 3/31/22 3/31/22 2022 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend B&T Recreation Operations 6,899$ 529$ 63,140$ 0.8%521,450$ (6,370)$ Open Field Operations 7,500 131,393 3,000 4379.8%375,000 123,893 B&T Clubhouse Operations - 7,344 21,275 34.5%351,275 7,344 Golf Club 433,801 418,917 397,850 105.3%3,172,300 (14,884) Total Revenues 448,200$ 558,182$ 485,265$ 115.0%4,420,025$ 109,982$ Expenditures by Department 3/31/21 3/31/22 3/31/22 % of YTD 2022 Difference Five YTD YTD YTD % of Annual Prior Year Actual Actual Budget Budget Budget Year Trend B&T Recreation Operations 97,657$ 25,193$ 40,240$ 62.6%567,180$ (72,464)$ Open Field Operations 26,082$ 13,849$ 11,255$ 123.0%250,660$ (12,233)$ B&T Clubhouse Operations 32,638 39,590 63,215 62.6%298,200 6,952 Golf Club 299,680 223,686 353,320 63.3%2,683,755 (75,994) Total Expenditures 456,057$ 302,319$ 468,030$ 64.6%3,799,795$ (153,738)$ Five Year Trend Village of Oak Brook Sports Core Fund - Major Sources Five Year Trend For the Period Ending March 31, 2022 Revenues Expenditures Village of Oak Brook Monthly Operating Statement Bath & Tennis Club Recreation Operations For the Period Ending March 31, 2022 3/31/22 3/31/22 822 3/31/22 YTD % of YTD 2022 3/31/21 Difference 811 812 813 Poolside YTD Amended Amended Adopted YTD Prior B&T Admin Swimming Tennis Café Total Budget Budget Budget Total Year OPERATING REVENUES Memberships -$ 450$ - - 450$ 62,900$ 0.7%448,950$ -$ 450$ Programs/User Fees - - - - -$ - #DIV/0!15,500 - - Food Sales - - - - -$ - #DIV/0!36,000 - - Beverage Sales - - - - -$ - #DIV/0!20,000 - - Grants - - - - -$ - #DIV/0!- - - Other Revenue 79 - - - 79$ 240 32.7%1,000 6,899 (6,820) Total Operating Revenues 79$ 450$ -$ -$ 529$ 63,140$ 0.8%521,450$ 6,899$ (6,370)$ OPERATING EXPENDITURES Personnel 249$ - - - 249$ 9,340$ 2.7%127,350$ -$ 249$ Materials & Supplies 109 - 45 - 154$ 8,620 1.8%74,550 14,038 (13,884) Operational & Contractual 7,616 18,526 339 258 26,740$ 18,215 146.8%307,530 17,837 8,903 Capital (3,899) 1,404 390 156 (1,949)$ 4,065 -48.0%57,750 65,782 (67,731) Total Operating Expenditures 4,075$ 19,930$ 774$ 414$ 25,193$ 40,240$ 62.6%567,180$ 97,657$ (72,464)$ B&T Administration Overhead Allocation*-$ -$ -$ -$ -$ -$ #DIV/0!68,810$ 9,984$ (9,984)$ Operating Revenues Over (Under) Expenditures (3,997)$ (19,480)$ (774)$ (414)$ (24,665)$ 22,900$ -107.7%23,080$ (80,774)$ 56,109$ Reimbursement From Infrastructure Fund - - - - - - #DIV/0!- 8,000 (8,000) Reimbursement From Water Fund - - - - - - #DIV/0!- 2,002 (2,002) Reimbursement To General Fund (4,716) - - - (4,716) (4,710) 100.1%(18,865) (3,930) (786) Total Interfund Transactions (4,716)$ -$ -$ -$ (4,716)$ (4,710)$ 100.1%(18,865)$ 6,072$ (10,788)$ Total Revenues Over (Under) Expenditures - Budgetary Basis (8,713)$ (19,480)$ (774)$ (414)$ (29,381)$ 18,190$ 4,215$ (74,702)$ 45,321$ ADUSTMENTS TO GAAP BASIS** Remove Capital Outlay (3,899)$ 1,404$ 390$ 156$ (1,949)$ 65,782$ Depreciation Expense (16,090) (25,000) (675) (292) (42,057) (42,057) IMRF Pension Expense (500) - - (13) (513) (513) Total GAAP Adjustments (20,488)$ (23,596)$ (285)$ (149)$ (44,519)$ 23,213$ Fund Increase/(Decrease) - GAAP Basis (29,201)$ (43,076)$ (1,060)$ (563)$ (73,899)$ (51,489)$ 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 Open Fields Operations For the Period Ending March 31, 2022 3/31/22 3/31/22 3/31/22 YTD % of YTD 2022 3/31/21 Difference 815 816 YTD Amended Amended Adopted YTD Prior Polo Open Fields Total Budget Budget Budget Total Year OPERATING REVENUES Field Rentals -$ 51,393$ 51,393$ 3,000$ 1713.1%170,000$ 7,500$ 43,893$ Range Rentals - 80,000 80,000 - 0.0%85,000 - 80,000 Taste of Oak Brook - - - 0.0%120,000 - - Other Revenue - - 0.0%- - - Total Operating Revenues -$ 131,393$ 131,393$ 3,000$ 4379.8%375,000$ 7,500$ 123,893$ OPERATING EXPENDITURES Personnel -$ -$ -$ 0.0%-$ -$ Materials & Supplies - - - 100 0.0%1,500$ - - Operational & Contractual - 13,849 13,849 11,155 124.2%249,160 26,082 (12,233) Capital - - 0.0%- - Total Operating Expenditures -$ 13,849$ 13,849$ 11,255$ 123.0%250,660$ 26,082$ (12,233)$ Operating Revenues Over (Under) Expenditures -$ 117,544$ 117,544$ (8,255)$ -1423.9%124,340$ (18,582)$ 136,126$ INTERFUND TRANSACTIONS Transfer From Hotel Tax Fund -$ -$ -$ -$ 0.0%-$ -$ -$ Total Interfund Transactions -$ -$ -$ -$ 0.0%-$ -$ -$ Total Revenues Over (Under) Expenditures - Budgetary Basis -$ 117,544$ 117,544$ (8,255)$ 124,340$ (18,582)$ 136,126$ ADUSTMENTS TO GAAP BASIS** Remove Capital Outlay -$ -$ -$ -$ Depreciation Expense - (421) (421) (421) Total GAAP Adjustments -$ (421)$ (421)$ (421)$ Fund Increase/(Decrease) - GAAP Basis -$ 117,122$ 117,122$ (19,003)$ 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 March 31, 2022 3/31/22 3/31/22 821 YTD % of YTD 2022 3/31/21 Difference B&T Amended Amended Adopted YTD Prior Clubhouse Budget Budget Budget Total Year OPERATING REVENUES Rentals 7,344$ 21,275$ 34.5%351,275$ -$ 7,344$ Total Operating Revenues 7,344$ 21,275$ 34.5%351,275$ -$ 7,344$ OPERATING EXPENDITURES Personnel 28,268$ 28,030$ 100.8%140,250$ 25,017$ 3,251$ Materials & Supplies 14 3,445 0.4%15,350 1,459 (1,445) Operational & Contractual 9,359 15,805 59.2%92,600 6,162 3,197 Capital 1,949 15,935 12.2%50,000 - 1,949 Total Operating Expenditures 39,590$ 63,215$ 62.6%298,200$ 32,638$ 6,952$ B&T Administration Overhead Allocation*-$ -$ #DIV/0!(68,810)$ (9,984)$ 9,984$ Operating Revenues Over (Under) Expenditures (32,246)$ (41,940)$ 76.9%(15,735)$ (42,622)$ 10,376$ INTERFUND TRANSACTIONS Transfer From General Fund -$ -$ 0.0%-$ -$ -$ Total Interfund Transactions -$ -$ 0.0%-$ -$ -$ Total Revenues Over (Under) Expenditures - Budgetary Basis (32,246)$ (41,940)$ (15,735)$ (42,622)$ 10,376$ ADUSTMENTS TO GAAP BASIS** Remove Capital Outlay 1,949$ -$ Depreciation Expense (15,000) IMRF Pension Expense (750) OPEB Expense (750) Total GAAP Adjustments 1,949$ (16,500)$ Fund Increase/(Decrease) - GAAP Basis (30,297)$ (59,122)$ 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 March 31, 2022 3/31/22 3/31/22 823 831 832 833 834 3/31/22 YTD % of YTD 2022 3/31/21 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 -$ 277,675$ -$ -$ -$ 277,675$ 241,800$ 114.8%352,800$ 255,775$ 21,900$ Greens Fees - 23,242 - - - 23,242 36,000 64.6%1,145,000 35,969 (12,727) Pro Shop Sales - 25,161 - - - 25,161 21,910 114.8%210,000 23,888 1,273 Golf Lessons - - 10,050 - - 10,050 7,000 143.6%50,000 11,310 (1,260) Driving Range Fees - - 57,525 - - 57,525 63,000 91.3%300,000 72,300 (14,775) Rentals - 15 - 7,476 - 7,491 10,000 74.9%387,500 13,004 (5,514) Food Sales 6,136 - - - - 6,136 6,440 95.3%250,000 7,226 (1,090) Beverage Sales 11,638 - - - - 11,638 11,500 101.2%470,000 12,192 (554) Other Revenue - - - - - - 200 0.0%7,000 2,137 (2,137) Total Operating Revenues 17,774$ 326,093$ 67,575$ 7,476$ -$ 418,917$ 397,850$ 105.3%3,172,300$ 433,801$ (14,884)$ OPERATING EXPENDITURES Personnel 14,610$ 91,361$ -$ -$ 50,767$ 156,739$ 200,165$ 78.3%1,403,780$ 170,642$ (13,903)$ Materials & Supplies 11,238 (13,308) 6,180 1,368 8,634 14,112 47,810 29.5%627,500 42,619 (28,507) Operational & Contractual 1,129 34,541 606 1,352 15,206 52,834 45,345 116.5%293,475 86,021 (33,187) Other - - - - - - - 0.0%- - - Capital - - - - - - 60,000 0.0%359,000 398 (398) Total Operating Expenditures 26,977$ 112,595$ 6,786$ 2,721$ 74,608$ 223,686$ 353,320$ 63.3%2,683,755$ 299,680$ (75,994)$ Operating Revenues Over (Under) Expenditures (9,203)$ 213,498$ 60,789$ 4,755$ (74,608)$ 195,231$ 44,530$ 438.4%488,545$ 134,121$ 61,110$ INTERFUND TRANSACTIONS Transfer from Golf Surcharge -$ -$ -$ -$ -$ -$ 50,000$ 0.0%150,000$ -$ -$ Reimbursement to General Fund - (14,148) - - - (14,148) (14,155) 100.0%(56,590) 34,691 (48,839) Total Interfund Transactions -$ (14,148)$ -$ -$ -$ (14,148)$ 35,845$ -39.5%93,410$ 34,691$ (48,839)$ Total Revenues Over (Under) Expenditures - Budgetary Basis (9,203)$ 199,350$ 60,789$ 4,755$ (74,608)$ 181,083$ 80,375$ 581,955$ 168,812$ 12,271$ ADUSTMENTS TO GAAP BASIS* Remove Capital Outlay -$ -$ -$ -$ -$ -$ 66,180$ Depreciation Expense (250) (26,250) (575) (3,250) (31,250) (61,575) (119,053) IMRF Pension Expense (625) (2,500) (250) - (2,750) (6,125) (7,388) OPEB Expense (750) (3,750) - - (2,500) (7,000) (7,750) Total GAAP Adjustments (1,625)$ (32,500)$ (825)$ (3,250)$ (36,500)$ (74,700)$ (68,011)$ Fund Increase/(Decrease) - GAAP Basis (10,828)$ 166,850$ 59,964$ 1,505$ (111,108)$ 106,383$ 100,801$ Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year.