illinois cry$tai, uki ix$trrt - crystal lake park · 2017-06-27 · crystal lake park district,...

GRYSTAL LAKE PARK DISTRIGT, ILLINOIS

CRY$TAI, UKI PARX IX$TRrt

GOMPREHENSIVE ANNUALFINANGIAL REPORT

FOR YEAR ENDEDAPRTL 3Or 2012

CRYSTAL LAKE PARK DISTRICT, ILLINOIS

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE YEAR ENDEDAPRIL 30,2012

Prepared by:Finance Department


TABLE OF CONTENTS

PAGEINTRODUCTORY SECTION

Principal Officials .....Organizational Chart...Transmittal LetterCertificate of Achievement for Excellence in Financial Reporting..

FINANCIAL SECTION

INDEPENDENT AUDITORS' REPORT

MANAGEMENT'S DISCUSSION AND ANALYSIS

BASIC FINANCIAL STATEMENTS:

Government-Wide Financial Statements

Statement of Net 4ssets..............Statement of Activitres

Fund Financial StatementsBalance Sheet - Governmental Funds ................Reconciliation of Total Governmental Fund Balance to the

Statement of Net Assets - Govemmental Activities.........Statement of Revenues, Expenditures and Changes in

Fund Balances - Governmental Funds

Reconciliation of the Statement of Revenues, Expenditures and Changes inFund Balances to the Statement of Activities - Govemmental Activities

Statement ofNet Assets - Proprietary Fund......Statement of Revenues, Expenses and Changes in Net Assets - Proprietary Fund ......

Statement of Cash Flows - Proprietary Fund

Notes to Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION

Schedule of Funding Progress and Employer ContributionsIllinois Municipal Retirement Fund.........Other Post-Employment Benefit Plan

Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual

General FundRecreation - Special Revenue Fund.........

...MD&A I - 12

3456

l-2

7 -8

10-11

t6-45

..14

t213

15

4647

484950Special Recreation - Special Revenue Fund


TABLE OF CONTENTS

PAGEX'INANCIAL SECTION - Continued

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES

Schedule of Revenues - Budget and Actual - General Fund.........

Schedule of Expenditures - Budget and Actual - General Fund

Schedule of Expenditures - Budget and Actual - Recreation - Special Revenue Fund......,.....

Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and ActualDebt Service FundCapital Projects Fund.........

Combining Balance Sheet - Nonmajor Governmental Funds..........

Combining Statement of Revenues, Expenditures and Changes in Fund Balances

Nonmajor Govemmental FundsSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual

Illinois Municipal Retirement - Special Revenue Fund.........

Liability Insurance - Special Revenue Fund ..............

Schedule of Expenditures - Budget and Actual - Liability Insurance - Special Revenue Fund

Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual

Audit - Special Revenue Fund...............Natural History Center and Museum - Special Revenue Fund.........

Schedule of Expenditures - Budget and Actual - Natural History Center and Museum -Special Revenue Fund ........

Schedule of Revenues, Expenses and Changes in Net Assets - Budget and ActualRacket Club - Enterprise Fund.........

Schedule of Operating Expenses - Budget and Actual - Racket Club - Enterprise Fund....

Schedule of Revenues, Expenses and Changes in Net Assets - Budget and Actual

Golf Leaming Center - Enterprise FundSchedule of Operating Expenses - Budget and Actual

Golf Learning Center - Enterprise Fund

SUPPLEMENTAL SCHEDULES

General Obligation Limited Bonds of 19984General Obligation (Altemate Revenue Source) Bonds of 20068General Obligation (Alternate Revenue Source) Bonds of 2008B

General Obligation Limited Tax Refunding Park Bonds of 20094General Obligation (Alternate Revenue Source) Bonds of 20104..General Obligation Limited Tax Park Bonds of 2011 .....................

Debt Certificates of 2003 ..................Debt Certificates of 20044..........

..52 - 60

..61 - 66

5l

6768

73

7475

69 -70

7t -72

7677

....78 - 80

8l82-87

88

89 9t

9293

9495

96979899

Debt Certificates of 201 I ................. 100


TABLE OF CONTENTS

STATISTICAL SECTION (Unauditedl

Net Assets by Component - Last Eight Fiscal Years

Changes in Net Assets - Last Eight Fiscal Years '.......Fund Balances of Governmental Funds - Last Ten Fiscal Years........

Changes in Fund Balances for Governmental Funds - Last Ten Fiscal Years........

Assessed Value and Actual Value ofTaxable Property - Last Ten Fiscal Years.....'..

Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years....'...

Schedule of Direct and Overlapping Governmental Activities DebtSchedule of Legal Debt Margin - Last Ten Fiscal Years........

PAGE

101 - 102103 - 104

105 - 106

107 - 108

109 - 110

ttt - ll2Principal Property Tax Payers - Current Year and Nine Years Ago ..... 113

Property Tax Levies and Collections - Last Ten Fiscal Years........ ....................114

Ratios of Outstanding Debt by Type - Last Ten Fiscal Years 115 - 116

Ratio of General Bonded Debt Outstanding - Last Ten Fiscal Years.'.......1r8

trg - r20

tt7

t2lt22t24t26128

Demographic and Economic Statistics - Last Ten Fiscal Years

Principal Employers - Current Fiscal Year and Nine Fiscal Years 4go..........Full-Time Equivalent Village Government Employees by Function - Last Ten Fiscal Years .....123 'Operating Indicators by Function/Program - Last Ten Fiscal Years ........I25 'Capital Asset Statistics by Function/Program - Last Ten Fiscal Years t27 -

INTRODUCTORY SECTION

This section includes miscellaneous data regarding the Crystal Lake Park District including the

Principal Officials, Organizational Chart, Transmittal Letter, and Certificate of Achievement for

Excellence in Financial Reporting.


Principal OfficialsApril30,2012

BOARD OF COMMISSIONERS

Deborah Gallagher, President

Angel Collins, Vice President

Paul Myers, Commissioner

Jerry Sullivan, Commissioner

Larry Wheeler, Treasurer

Richard Passavant, Commissioner

Michael Walkup, Commissioner

PARK DISTRICT STAFF

Jason Herbster, Executive Director

Dennis Jahnke, Superintendent of Parks Services

Don Self, Superintendent of Recreation Services

Jack Sebesta, Superintendent of Facility Services

Debra Oldham, Superintendent of Business Services

I

Admin. Assist. -RecordsCSO Officers

SergeantChief of Park PoliceOfficers Part-t¡me

LaborersMaintenance SpecialistsParks Supervisor Crew Leaders

LaborersMaintena nce SpecialistsCrew LeadersGrounds Supervisor

Part-timeCustodial StaffFacility Supervisor

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Manager of Natural Resources

Park Planner

Administrative Assista nt

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Safety CoordinatorHuman Resource Manager

P.T. BookkeeperP.T. Customer Service Rep.

Customer Service Representative

Customer Service Coordinator - Rec. SecyAdmin. Asst/Office Mgr

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Program StaffRecreation Su pervisors

Aquatics / Beach Operations

Adulr Softball

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Affiliate Groups

Lippold Park

Family Golf Manager

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Nature Center

Park Place

Colonel Palmer House

Barlina House

Public I nformation Coordinator Marketing Coordinator

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CRYSTAI, LAKE PARK DISTRICTAn IA P D/ P RA D i stingu i sh e d Agen cy

August 28,2012

To the Citizens ofthe Crystal Lake Park Distict:

The comprehensive annual financial report of the Crystal Lake Park District, Illinois (District) for thefiscal year ended April 30, 2012, is hereby submitted as mandated by State Statutes. The District isrequired to issue annually a report of its financial position and activity presented in conformance withgenerally accepted accounting principles (GAAP) and audited in accordance with generally acceptedauditing standards by an independent firm of certified public accountants. Responsibility for both theaccuracy of the data, and the completeness and fairness of the presentation, including all disclosures, restswith the District. To the best of our knowledge and belief, the enclosed data is accurate in all materialrespects and is reported in a manner designed to present fairly the financial position and results ofoperations of the various funds and account groups of the District. All disclosures necessary to enable thereader to gain an understanding of the District's financial activities have been included.

The District has established a comprehensive set of internal controls that are designed to protect theDistrict's assets from loss, theft, or misuse. These internal controls are also used to compile sufficientreliable information for the preparation of the District's financial statements in conformity with GAAP.Because the cost of intemal controls should not outweigh their benefits, the District's framework ofintemal controls has been designed to provide reasonable rather than absolute assurance that the financialstatements will be ûee from material misstatements. Included with this report are all disclosures necessaryto enable the reader to gain the mzu<imum understanding of the Park District's financial aflairs.

Generally accepted accounting principles, (GAAP) require that management provide a narrativeintroduction, overview, and analysis to accompany the basic financial statements in the form ofI\4anagement's Discussion and Analysis (MD&A). This letter of transmittal is designed to complementthe MD&A and is meant to be read in conjunction with it. The District's MD&A can be foundimmediately following the report of the independent auditors.

One East Crystal Lake Avenue I Crystal Lake, lL600L4 | Phone: 815-459-0680 | Fax 815-477-5005 |

lvvvw. crystall akep arks. org.

iii

This report includes all funds of the Crystal Lake Park District (the primary govemment). The Districtprovides a fuIl range of services and facilities. These services include recreation programs, park

management, capital development, and general administration. Additionally, the District operates avariety of facilities for all ages, including: The Racket Club, an indoor tennis facility; Lippold ParkFamily Golf Center, which includes a driving range and two miniature golf courses; Park Place, a banquet

facility; Barlina House, the Park District preschool; The Nature Center, which offers programs and

exhibits for all ages; the Colonel Palmer House, an historic landmark that offers programs dating back towhen the Palmer's settled in Crystal Lake.

Other special facilities operated by the District include an outdoor skate boarding facility; splash pad; twobeaches; dog park; batting cages; tennis and basketball courts; and athletic fields.

GOVERNMENTAL STRUCTURE, LOCAL ECONOMIC CONDITION, AND OUTLOOK

The District was established as a separate governmental agency in 1921. It is located in southeastem

McHenry County, 49 miles northwest of Chicago. The District serves the City of Crystal Lake, the

Village of Lakewood, a small area of Lake in the Hills and some sulrounding unincorporated areas. The

total population serviced by the District is estimated to be 58,000. The District owns some 1,400 acres ofland and 45 parks.

The City of Crysøl Lake represents the strongest commercial hub in McHenry county providing shoppers

with a wide range of goods and services. The main business district has numerous well-establishedretailers and numerous employment opportunities are available to residents in various industries in and

around the district. Highway and commuter train service also offers employment opportunities indowntown Chicago in addition to the northern and northwestern suburbs. The City of Crystal Lake April2012 unemployment rate was at 8.2 percent compared to the County rate of 8.6 percent and the State rate

of 8.6 percent.

The District has the authority to levy a property tax on all real and personal property within its boundaries.

The majority of the tax base of the District is residential properties. Approximately 77 percent of theDistrict's tax base is concentrated in residential properties, with Commercial and Industrial properties

accounting for approximately 23 percent.

The District operates under a board-manager form of government. The Board consists of seven

individuals who are elected from the Distict at large to serve four-year staggered terms. The Board isvested with all policymaking and legislative responsibilities. The Board employs an Executive Director toadminister the policies, progr¿rms, and direct staff. Some of the Board responsibilities include approval ofthe budget, tax levy, ordinances, long-term financial and capital planning; as well as establishment ofcommittees and appointment of the District's attomey.

The District's financial condition is healtþ. Based upon the information available, staff anticipates the

economic condition and outlook of the District to remain stable.

IV

MAJOR INITIATIVES

For the Year. Eachyear when preparing the budget, the District reviews its annual capital project plan.

The District adopted a Comprehensive Master Plan for the period of 2010-2014 in April of 2010. The

plan is reviewed annually to reflect changes in the population being served, the financial capacity, and

condition of the District, and the impact that these two factors have on the programming needs of the

citizens. As a result of the Comprehensive Master Plan, a strategic initiative to Develop a Five Year

Capital Improvement and Replacement Plan with a committee of staff from all departments evolved. The

committee will meet regularly throughout the year, providing additional feedback in current and future

Park District improvements.

During the 20lIlI2 fiscal year, the majority of the District's capital improvements focused on park

improvements, vehicle and equipment replacement, technology upgrades, repair, and/or replacement ofexisting facilities and equipment, as well as ongoing upgrades to comply with ADA standards. Projectsfor the year included vehicle and equipment replacements; Lippold Park electric upgrades; varioustechnology improvements; Racket Club indoor tennis court resurfacing and West Beach pre-

construction services.

For the Future. Plans for the renovation of the V/est Beach building and seawall are complete. The

building will include a multipurpose room and washroom facilities for beach and facility users.

Construction is scheduled to be completed in the 20l2ll3 fiscal year. Playgrounds in Ken Bird and

Woodland Estates Parks are next in line for replacement. Plans to purchase land for the future

development of a community center are being developed.

FINANCIAL POLICIES AND PRACTICES

The Park District's Fund Balance Policy establishes target ratios for unrestricted fund balances to

operating budget expenditures. The policy provides for the minimum amount of unreserved fund balance

to be maintained for each fund, generally 25% of annual budgeted expenditures; 35o/o for the General

Fund. These reserves are monitored and the annual budget is prepared in compliance with this policy.

The Park District's Capital Project Plan is reviewed annually prior to and during the budget process.

Scheduled improvements are reevaluated to determine if they coincide with current priorities. Grant

opportunities are considered and applied for when appropriate.

As a result of the current economy, the District has reacted to the challenges by maximizing existing

resources, adjusting program offerings and maintaining staffing costs.

OTHER INF'ORMATION

Independent Audil Illinois Compiled Statutes require an annual audit by independent certified public

accountants. The District's Board of Park Commissioners selected the accounting firm of Lauterbach &Amen, LLP, Certified Public Accountants. The auditor's report is included in the financial section of this

report.

Awørds. The Crystal Lake Park District received the Joint Illinois Association of Park Districts and

Illinois Park and Recreation Association Distinguished Agency Award for 2002-2007 and was recertified

for 2008-2013.

v

The Government Finance Officers Association of the United States and Canada (GFOA) awarded âCertificate of Achievement for Excellence in Financial Reporting to the Crystal Lake Park District forits comprehensive annual flrnancial report for the fiscal year April 30,2011. This was the first time thatthe District applied for the award. In order to be awarded a Certificate of Achievement, a govemment

must publish an easily readable and efficiently organized comprehensive annual financial report. Thisreport must satis both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. We believe that our currentcomprehensive annual financial report meets the Certificate of Achievements Program's requirementsand are submitting it to the GFOA to determine its eligibilþ for a Certiflrcate.

Acknowledgmenß. The preparation of the comprehensive annual financial report on a timely basis wasmade possible by the dedicated service of the entire staffof the finance department. Each member of thedeparhnent has our sincere appreciation for the contributions made in the preparation of this report.

In closing, without the leadership and support of the goveming body of the District, preparation of thisreport would not have been possible.

Sincerely,

Jason HerbsterExecutive Director

Debra OldhamSuperintendent of Business Services

vl

Crystal Lake Park District

Presented to

IllinoisFor its Comprehensive Annual

Financial Report

for the Fiscal Year Ended

April30,20ll

A Certificatè of Achievement for Excellence in Financial

Reporting is presented by the Govemment Finance Officers

Association of the United States and Canada to

governirient units and public employee retirement

systems whose comprehensive annual financial

reþorts (CAFRs) achieve the highest

standa¡ds in government accountingand financial rePorting'

Certificate ofAchievementfor Excellencein FinancialReporting

ffirrrÊtu*President

Executive Director

vii

FINANCIAL SECTION

This section includes:

Independent Auditors' Report

Management's Discussion and Analysis

Basic Financial Statements

Required Supplementary Information

Combining and Individual Fund Statements and Schedules

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This section includes the opinion of the Park District's independent auditing flrrm.

Lauterbach & Amen, LLP 27)/V457 WARRENVILLE RD. . WARRENVILLE, ILLINOIS 60555

PHONE 630.393..1483 . FAX 630.393.2s16www. lauterbachamen.com

CERTIFIED PUBLIC ACCOUNTANTS


August 28,2012

Members of the Board of CommissionersCrystal Lake Park DistrictCrystal Lake,Illinois

V/e have audited the acc;ompanying financial statements of the governmental activities, the business-type

activities, each major fund, and the aggregate remaining fund information of the Crystal Lake Park

District, Illinois as of and for the year ended April 30, 2012, which collectively comprise the District's

basic financial statements as listed in the accompanying table of contents. These financial statements are

the responsibility of the Crystal Lake Park District, Illinois' management. Our responsibility is to express

opinions on these financial statements based on our audit'

We conducted our audit in accordance with auditing standards generally accepted in the United States ofAmerica. Those standards require that we plan and perform the audit to obtain reasonable assurance about

whether the basic financial statements are free of material misstatement. An audit includes examining, on

a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also

includes assessing the accounting principles used and significant estimates made by management, as well

as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable

basis for our opinions.

In our opinion the financial statements referred to above present fairly, in all material respects, the

respective financial position of the governmental activities, the business-type activities, each major fund,

aná the aggregate remaining fund information of the Crystal Lake Park District, Illinois as of April 30,

20!2, and the respective changes in financial position and, where applicable, cash flows thereof for the

year then ended in conformity with accounting principles generally accepted in the United States ofAmerica.

Accounting principles generally accepted in the United States of America require that the management's

discussion and analysis and other required supplementary information be presented to supplement the

basic financial statements. Such information, although not a part of the basic financial statements, is

required by the Govemmentai Accounting Standards Boarci, who considers it to be an essentiai part offinancial reporting for placing the basic financial statements in an appropriate operational, economic, or

historical context. We have applied certain limited procedures to the required supplementary information

in accordance with auditing standards generally accepted in the United States of America, which

consisted of inquiries of management about the methods of preparing the information and comparing the

information for consistency with management's responses to our inquiries, the basic financial statements,

and other knowledge we obtained during our audit of the basic financial statements. We do not express an

opinion or provide any assurance on the information because the limited procedures do not provide us

with sufficient evidence to express an opinion or provide any assurance.

Crystal Lake Park District, IllinoisAugust 28,2012Page2

Our audit was conducted for the purposes of forming opinions on the financial statements that collectivelycomprise the Crystal Lake Park District, Illinois' financial statements as a whole. The combining and

individual nonmajor fund financial statements and schedules and other information listed as schedules and

other supplementary information in the accompanying table of contents, are presented for purposes ofadditional analysis and are not a required part of the financial statements. The combining and individualnonmajor fund financial statements and schedules and other information listed as schedules and othersupplementary information in the accompanying table of contents are the responsibility of management

and were derived from and relate directly to the underlying accounting and other records used to prepare

the f,rnancial statements. The information has been subjected to the auditing procedures applied in the

audit of the financial statements and certain additional procedures in accordance with auditing standardsgenerally accepted in the United States of America. In our opinion the information is fairly stated in allmaterial respects in relation to the financial statements as a whole.

The introductory and statistical sections have not been subjected to the auditing procedures applied by us

in the audit of the basic financial statements and, accordingly, we do not express an opinion or provideany assurance on them.

LAUTERBACH & AMEN, LLP

2

MANAGEMENT'S DISCUSSION AND ANALYSIS


Management's I)iscussion and AnalysisApril30,2012

Our discussion and analysis of the Crystal Lake Park District's financial performance provides an

overview of the District's financial activities for the fiscal year ended April 30, 2012. Please read it inconjunction with the District's financial statements, which begin on page 3.

FINANCIAL HIGHLIGHTS

The District's net assets increased as a result of this year's operations. While net assets ofbusiness-type activities decreased by $143,254, or 4.7 percent, net assets of the governmentalactivities increased by $782,985 or approximately 2.9 percent.

During the year, government-wide revenues before transfers for the primary governmenttotaled $10,93I,486 while expenses totaled 510,291,755 resulting in an increase to net assets

of $639,731.

The District's net assets totaled 530,820,777 on April 30,2012, which includes 524,873,348invested in capital assets, net of related debt, $1,877,2I8 subject to external restrictions, and

54,070,211 unrestricted net assets that may be used to meet the ongoing obligations tocitizens and creditors.

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The General Fund reported an increase this year of $279,531 resulting in ending fund balance

of$2,136,3 16, an increase of 15.1 percent.

The Recreation Fund reported a surplus this year of $230,156, resulting in ending fundbalance of $1,482,451, an increase of 18.4 percent.

USING THIS ANNUAL REPORT

This annual report consists of a series of financial statements. The Statement of Net Assets and the

Statement of Activities (on pages 3 - 6) provide information about the activities of the Crystal Lake ParkDistrict as a whole and present a longer-term view of the District's hnances. Fund financial statements

begin on page 7. For governmental activities, these statements tell how these services were financed inthe short term as well as what remains for future spending. Fund hnancial statements also report theDistrict's operations in more detail than the government-wide statements by providing information aboutthe District's most significant funds.

Government-Wide Financial Statements

The government-wide financial statements provide readers with a broad overview of the Crystal LakePark District's hnances, in a matter similar to a private-sector business. The government wide financialstatements can be found on pages 3 - 6 of this report.

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MD&A 1


Management's Discussion and AnalysisApril30,2012

USING THIS ANNUAL REPORT - Continued

Government-Wide Financial Statements - Continued

The Statement of Net Assets reports information on all of the District's assets and liabilities, with the

difference between the two reported as net assets. Over time, increases or decreases in net assets may

serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

Consideration of other nonfinancial factors, such as changes in the District's property tax base and the

condition of the District's parks and infrastructure, is needed to assess the overall health of the CrystalLake Park District.

The Statement of Activities presents information showing how the govemment's net assets changed

during the most recent fiscal year. All changes in net assets are reported as soon as the tmderlying event

giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and

expenses are reported in this statement for some items that will only result in cash flows in future fiscalperiods (e.g., uncollected taxes and earned but unused vacation leave).

Both of the government-wide financial statements distinguish functions of the District that ate

principally supported by taxes and intergovemmental revenues (governmental activities) from other

functions that are intended to recover all or a significant portion of their costs through user fees and

charges (business-type activities). The governmental activities of the District include general

govemment and recreation. The business-type activities of the District include racket club and golflearning center operations.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been

segregated for specific activities or objectives. The District, like other local governments, uses fund

accounting to ensure and demonstrate compliance with hnance-related legal requirements. All of the

funds of the District can be divided into two categories: governmental funds and proprietary funds.

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental

activities in the government-wide hnancial statements. However, governmental fund financial

statements focus on near-term inflows and outflows of spendable resources, as well as on balances ofspendable resources available at the end of the fiscal year. Such information may be useful in evaluating

the District' s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial

statements, it is useful to compare the information presented for governmental funds with similar

information presented for governmental activities in the government-wide financial statements. Bydoing so, readers may better understand the long-term impact of the govemment's near-term financing

decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues,

expenditures, and changes in fund balances provide a reconciliation to facilitate the comparison between

governmental funds and governmental activities.

}i4.D&.A2



USING THIS ANNUAL REPORT - Continued

Fund Financial Statements - Continued

Governmental Funds - Continued

The Crystal Lake Park District maintains nine individual govemmental funds. Information is presented

separately in the governmental fund balance sheet and in the governmental fund statement of revenues,

expenditures, and changes in fund balances for the General Fund, Recreation Fund, Special RecreationFund, Debt Service Fund, and Capital Projects Fund, all of which are considered major funds. Data fromthe other four governmental funds are combined into a single, aggregated presentation. Individual funddata for each of these nonmajor governmental funds is provided in the form of combining statements

elsewhere in this report.

The District adopts an annual appropriated budget for all of the governmental funds. A budgetary

comparison statement for these funds has been provided to demonstrate compliance with this budget.

The basic governmental fund financial statements can be found on pages 7 - 12 of this report.

Proprietary Funds

The District maintains two enterprise funds. Enterprise funds are used to report the same functionspresented as business-type activities in the government-wide financial statements. The Crystal Lake

Park District utilizes enterprise funds to account for its racket club and golf learning center operations.

Proprietary fund financial statements provide the same type of information as the govemment-widefinancial statements, only in more detail. The proprietary fund financial statements provide separate

information for the Racket Club Fund and Golf Learning Center Fund, both of which are considered to

be major funds of the District.

The basic proprietary fund financial statements can be found on pages 13 - 15 of this report.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided inthe government-wide and fund financial statements. The notes to the financial statements can be foundon pages 16 - 45 of this report.

Other Information

In addition to the basic financial statements and accompanying notes, this report also presents certain

required supplementary information conceming the District's I.M.R.F. and other postemployment

benefit employee pension obligations. Required supplementary information can be found on pages 46 -50 of this report. The combining statements referred to earlier in connection with non-majorgovernmental funds are presented immediately following the required supplementary information onpensions. Combining and individual fund statements and schedules can be found on pages 51-91 of thisreport.

MD&A 3



GOVERNMENT-WIDE FINANCIAL ANALYSIS

Net assets may serve over time as a useful indicator of a govemment's financial position. The followingtables show that in the case of the Crystal Lake Park District, assets exceeded liabilities by 530,820,777.

Net Assets

GovernmentalActivities

Business-typeActivities Total

2012 20tt 2012 20tt 2012 20tt

Current and Other Assets

Capital Assets

Total Assets

$ 13,851,953

28.760,33613,996,10428,897,684

303,763

3,30s,236 3.237 ,375 32,06

14,419,55432,135,059

423,450 14,155,7165.572

42,612,289 42,893,788 3,608,999 3,660,825 46,221,288 46,554,613

Long-Term DebtOther Liabilities

Total Liabilities

6,074,5898.652,182

6,961,4228,829,833

473,103200,637

395,400186.912

6,547,692

8.852,819

7,356,822

9,016,745

14,726,771 15,791,255 673,740 582,312 15.400.511. t6,373,567

Net Assets

lnvested in Capital Assets,

Net of Related DebtRestrictedUnrestricted (Deficit)

22,143,7121,877,2183.86s, I 88

22,183,2943,242,7861,676,453

2,730,236 2,747,375 24,873,348- 1,877,218

24,930,6693,242,7862,007,591205.023 33 r,r38 4, 070.211

Total Net Assets 27,885,518 27,102,533 2,935,259 3,078,513 30, 820,777 30,181,046

A large portion of the District's net assets, 524,873,348 or 80.7 percent, reflects its investment in capitalassets (for example, land, buildings, machinery, and equipment), less any related debt used to acquirethose assets that is still outstanding. The District uses these capital assets to provide services to citizens;consequently, these assets are not available for future spending. Although the District's investment in itscapital assets is reported net of related debt, it should be noted that the resources needed to repay thisdebt must be provided from other sources, since the capital assets themselves cannot be used to liquidatethese liabilities.

An additional portion,$1,877,218 or 6.1 percent, of the Crystal Lake Park District's net assets represents

resources that are subject to external restrictions on how they may be used. The remaining 13.2 percent,

or $4,070,211 represents unrestricted net assets and may be used to meet the government's ongoingobligations to citizens and creditors.

MD&A 4



GOVERNMENT-WIDE FINANCIAL ANALYSIS - Continued

Govemmental

Activities

in Net Assets

Business-Type

Activities Total

Revenues

Program Revenues

Charges for Services

Operating Grants/Contrib.

Capital Grants/Contrib.General Revenues

Property Taxes

Replacement Taxes

Interest Income

MiscellaneousTotal Revenues

Expenses

General Government

Recreation

Interest on Long-Term Debt

Racket ClubGolf Learning Center

Total Expenses

Change in Net Assets

Before Transfers

Transfers


Net Assets-Beginning

Net Assets-Ending

2012 20tt 2012 20tl 2012 20tt

$ 2,828,589 2,902,061 1,478,081 1,458,399 4,306,670 4,360,460

49,538 28,979 49,538 28,979

6,469,368

65,456

25,452

13,860

6,595,121

72,559

27,649

84,328

6,595,121

72,559

30,184

84.328

2,142 2,535

6,468,368

65,456

27,594l 3.860

9,451,263 7t

4,891,083

3,532,614244,581

4,894,562

3,582,343

283,997

4,gg l,og33,532,614

244,581

1,490,078

133.399

l1 t7t,63t

4,894,562

3,592,343

283,997

1,479,582

147,014

1 1 I

1,490,078

133,399

1,479,582

147,014

8,668,278 8,760,902 1,623,477 1.626.s96 r0.29r,7ss 10,387,498

782,985 949,795 (143,254) (165,662) 639,731 784,133

782,985 949,795 (t43,254) (165,662) 639,731 784,133

27,102,533 26,152,738 3,078,513 3.244.17s 30.181.046 29.396.913

27,885,51 8 27 ,102,533 2,935,259 3.078.s 13 30.820,777 30,181,046

MD&A 5




Net assets of the District's govemmental activities increased by 2.9 percent ($27,885,518 in 2012compared to 527,102,533 in 20Il). Unrestricted net assets, the part of net assets that can be used tofinance day-to-day operations without constraints, totaled $3,865,188 at April 30,2012.

Net assets of business-type activities decreased by 4.7 percent (52,935,259 in 2012 compared to$3,078,513 in 2011).

Governmental Activities

Revenues for governmental activities totaled 59,451,263, while the cost of all governmental functionstotaled $8,668,278. This results in a surplus of $782,985. In 2011, revenues of $9,710,697 exceededexpenses of $8,760,902, resulting in a surplus of 5949,795.

Although the District received slightly more grant funding in the current year (capital grants for 2012totaled $49,538 compared to 528p79 in 20ll), charges and services decreased by $73,472 and totalrevenues decreased by 5259,434. Total expenses decreased slightly by 592,624 or just over one percent.

The following table graphically depicts the major revenue sources of the District. It depicts very clearlythe reliance of property taxes and charges for services to fund governmental activities. It also clearlyidentifies the less significant percentage the District receives from replacement taxes and interestearnings.

Revenues by

ReplacementTaxes

l%o

Property Talas68Yo

Source - Governmental ActivitiesInterest Income Miscellaneous

0%

Charges forServices

30%

Capital Crrants/

Contributions4o/o

MD&A 6




Governmental Activities - Continued

The 'Expenses and Program Revenues' Table identifies those governmental functions where programexpenses greatly exceed revenues.

Expenses and Program Revenues - GovernmentalActivities I Revenues

I Expenses

$6,000,000

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$ 1,000,000

$-General

GovemmentRecreation Interest on Long-

Term Debt

Business-Type activities

Business-Type activities reported total revenues of $1,480,223, while the cost of all business-type

activities totaled $1,623,477. This results in a decrease of 5143,254.In 2011, expenses of 51,626,596exceeded revenues of $1,460,934, resulting in a decrease of $165,662.

Expenses and Prcgram Revenues -Busines s -Type Activitie s

$ 1,600,000

$ 1,400,000

$ 1,200,000

$ 1,000,000

$800,000

$600,000

$400,000

$200,000

$-

I Revenues

r Expenses

Racket Club Golf Leaming Center

The above graph compares program revenues to expenses for Racket Club and Golf Learning Center

operations.

MD&A 7



FINANCIAL ANALYSIS OF THE GOVERNMENT'S FUNDS

As noted earlier, the Crystal Lake Park District uses fund accounting to ensure and demonstratecompliance with finance-related legal requirements.

Governmental Funds

The focus of the District's governmental funds is to provide information on near-term inflows, outflows,and balances of spendable resources. In particular, unÍeserved fund balance may serve as a usefulmeasure of a government's net resources available for spending at the end of the fiscal year.

The District's governmental funds reported combining ending fund balances of 56,778,184, which is$76,520, or 1.1 percent, higher than last year's total of $6,70I,664. Of the $6,778,184 total, $4,805,543,or approximately 70.9 percent, of the fund balance constitutes unrestricted fund balance.

The General Fund reported a positive change in fund balance for the year of $279,531, an increase of15.1 percent. This was primarily due to an increase in the General Fund property tax levy after a th¡ee-year plan to decrease the Corporate Fund tax levy in order to boost the Recreation Fund levy. The Fundwas budgeted to use $192,730 of beginning Fund Balance. Although revenues came in approximately$35,000 under budget; expenditures \ryere under budget in excess of $500,000. These variances arefurther outlined on the General Fund Schedule of Revenues, Expenditures and Changes in FundBalance.

The General Fund is the chief operating fund of the Park District. At April 30, 2012, unassigned fundbalance in the General Fund was 52,128,399, which represents 99.6 percent of the total fund balance ofthe General Fund. As a measure of the General Fund's liquidity, it may be useful to compare unreservedfund balance to total fund expenditures. Unassigned fund balance in the General Fund representsapproximately 66.3 percent of total General Fund expenditures.

The Recreation Fund is used to account for the operations of the recreation programs. Revenues arederived from specific annual property tax levy and fees charged for the programs. The Recreation Fundreported an increase in fund balance of $230,156. Total revenues were $3,847,252, a decrease of5331,142 over the previous year. Property taxes decreased $234,753 or 12.8o/o; program revenuesdecreased by 578,797 or approximately 3.4%o.

On the expenditure side, program expenditures were up $36,984 at 1.8% and administrativeexpenditures were down 827,864 at 1.8%. The increase in fund balance is due primarily toprogramming net income.

The Special Recreation Fund is used to account for the funds levied to provide special recreationprograms for physically and mentally challenged individuals. The fund balance at fiscal year-endshowed an increase in of $35,3 66, or 2.7%.

MD&A 8



FINANCIAL ANALYSIS OF THE GOVERNMENT'S FUNDS - Continued

Governmental Funds - Continued

The Capital Projects Fund decreased by 5350,624. This fund is used to track projects funded primarilyby debt proceeds issued for the purpose of completing major projects and/or capital improvements.

The Nonmajor Governmental Funds had a decrease of $118,225 in fund balance. The Illinois MunicipalRetirement Fund, Liability Fund, Audit Fund and Museum Fund are considered to be nonmajorgovernmental funds.

Proprietary Funds

The District's proprietary funds provide the same type of information found in the government-widefinancial statements, but in more detail.

The Park District reports the Racket Club Fund and Golf Learning Center as major proprietary funds.The Racket Club Fund accounts for all of the operations and maintenance of the Park District's tennisfacility. This is a membership club funded by dues and user fees. The Racket Club showed a decrease innet assets in the amount of $131,456 or 5,2Yo, primarily a result of an operating loss of $120,654.

The Golf Learning Center is a seasonal driving range and mini-golf facility open from approximatelyApril through September. The Golf Learning Center is funded by user fees and reports an $11,798decrease in net assets.

GENERAL FUND BUDGETARY HIGHLIGHTS

The District passed a resolution approving the transfer between budgeted items atotal of 574,025 in theGeneral Fund during the year. The total budget amount did not change. General Fund actual revenuesfor the year totaled $3,489,882 compared to budgeted revenues of $3,525,365.

Actual charges for services of $560,038 were 514I,727 under budget. The District was able to monitorexpenditures in light of charges for services being below budget, resulting in an increase for the Fund incomparison to the original planned spend down and budgeted deficit of $192,730.

The General Fund actual expenditures for the year were $507,744 lowe.r than budgeted ($3,210,351actual compared to $3,718,095 budgeted).

MD&A 9


Managementts Discussion and AnalysisApril30,2012

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

The District's investment in capital assets for its governmental and business type activities as of April30,2012 was $32,065,572 (net of accumulated depreciation). This investment in capital assets includesland, construction in progress, land improvements, buildings, machinery and equipment, and licensedvehicles.

Capital Assets - Net ofDepreciationGovemmental

ActivitiesBusiness-type

Activities Total2012 20tt 20t2 2011 2012 2011

LandConstruction in Progress

Land Improvements

Buildings

Machinery and EquipmentLicensed Vehicles

$ 15,901,750

170,910

4,520,749

7,060,513897,441

209,973

15,901,750

8 lg,g504,279,922

6,708,1 15

976,408212,639

226,571

9,171

436,379

2,542,691

91,435

226,571

3,987

479,435

2,444,019

83,363

16,128,321

17g,0g1

4,957,127

9,603,194

988,876

209,973

16,129,321

823,937

4,759,357

9,152,134

1,059,771

212,639

Total 28,760,336 28,897,684 3,305,236 3,237,375 32.065.572 32,135,059

This year's major additions included:

201I Ford Dump TruckRacket Club Tennis Court ResurfacingWest Beach Pre-Construction ServicesV.A. Splash Pad, Shelter, Playground CompletionLippold Electric Upgrade

V.A. Restroom Building Completion

$ 44,569

160,409

135,709

372,422

19,7gg

76,702

809,609

Additional information on the District's capital assets can be found in note 3 on pages 27 - 28 of thisreport.

MD&A 10



CAPITAL ASSETS AND DEBT ADMINISTRATION - Continued

Debt Administration

At year-end, the District had total outstanding debt of 57,969,315 as compared to $8,698,020 theprevious year, adecrease of 8.4 percent. The following is a comparative statement of outstanding debt:

Long-Term Debt Outstanding


Business-type

Activities Total

2012 20tl 2012 20tt 2012 20tt

General Obligation Bonds

Debt Certificates 575,000

Total 7,394,315 8,208,020 575,000 490,000 7,969,315 8,698,020

Standard and Poor's Rating Services recently affrrmed its 'AA' long-term rating on the District'spreviously issued bonds. Its 'AA-' long-term rating and underlying rating (SPUR) on the District's debtcertificates is due to the certificates' limited security.

State statutes limit the amount of aggregate indebtedness Park Districts may issue to 2.87 5 percent of itstotal assessed valuation. The current debt limit for the District is $45,832,064. The non-referendum legaldebt limit (0.575% of assessed value) is $9,166,413.

Additional information on the District's long-term debt can be found in Note 3 on pages 29 - 34 of thisreport.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGET AND RATES

The District's elected and appointed officials considered many factors when setting the fiscal-year20l2ll3 budget, tax rates, and fees that will be charged for its governmental and business-type activities.One of those factors is the economy. Unemployment rates for April 30,2012 for McHenry County was8.6 percent and the state and national unemployment rates were 8.6 and7.7 percent, respectively.

These indicators were taken into account when adopting the General Fund budget for 2012113. Amountsavailable for appropriation in the General Fund budget are $3.8 million, an increase of 2.6 percent fromthe f,rnal 2011 budget of $3.7 million. The District anticipates an increase in tax revenues, budgeting$6.66 million for 20l2ll3 as compared to the final 201 lll2budget of $6.43 million, an increase of overthree percent. The District has added no major new programs or initiatives in the 2013 budget. Plans forthe renovation of the 'West Beach building and seawall are in progress. The building will include amulti-purpose room, washroom facilities for beach and facility users. Construction will be completedin the 20l2l13 fiscal year.

$ 6,059,315

1,335,000

6,788,0201,420,000

- 6,059,375

490,000 1,910,000

6,788,0201,910,000

MD&A II

CRYSTAL LAKE PARI( DISTRICT, ILLINOIS


REQUESTS FOR INFORMATION

This financial report is designed to provide a general overview of the Crystal Lake Park District'sfinances for all those with an interest in the government's finances. Questions concerning any of theinformation provided in this report or requests for additional information should be directed to Office ofthe Superintendent of Business Services, Crystal Lake Park District, I E. Crystal Lake Avenue, CrystalLake, IL 60014.

MD&,A12

BASIC FINANCIAL STATEMENTS

The basic financial Statements include integrated sets of financial statements as required by the

Governmental Accounting Standards Board (GASB). The sets of statements include:

a Government-V/ide Financial Statements

. Fund Financial Statements

In addition, the notes to the financial statements are included to provide information that is

essential to a user's understanding of the basic financial statements.


Statement of Net Assets

April30,2012

See Following Page


Statement of Net Assets

April30,2012


Business-Type

Activities Total

ASSETS

Current Assets

Cash and Investments

Receivables - Net of Allowances

Inventories

Prepaids

Total Current Assets

Noncurrent Assets

Capital Assets

Nondepreciable

Depreciable

Accumulated Depreciation

Total Noncurrent Assets

Total Assets

$ 7,259,546

6,536,262

242,566 7,502,112

27,256 6,563,518

28,787 28,781

5.160 61,30556,145

13,851,953 303,763 14,155,716

16,072,660

23,374,982

234,742 16,307,402

4,972,454 28,347,436

(10,687,3 06) (1,901,960) 12,5( 89.266\

28,760,336 JtJ 05,236 32,065,572

42,612,289 3,608,999 46,221,288

The notes to the financial statements are an integral part of this statement.

3


Business-Type

Activities Total

LIABILITIES

Current LiabilitiesAccounts Payable

Accrued Payroll

Accrued Interest Payable

Unearned/Deferred Revenues

Compensated Absences Payable

Current Portion Long-Term Debt

Total Current Liabilities

Noncurrent LiabilitiesCompensated Absences Payable

Other Postemployment Benefit Payable

General Obligation Bonds Payable

Debt Certificates Payable

Total Noncurrent LiabilitiesTotal Liabilities

NET ASSETS

Invested in Capital Assets - Net of Related Debt

Restricted - Special Levies

Special Recreation

IMRFLiability Insurance

AuditMuseum

Unrestricted

Total Net Assets

$ 194,069

83,671

60,353

6,796,029

33,745

r,494,315

24,248

21,283

6,167

4,414

8,525

136,000

218,317

104,954

66,520

6,800,443

42,2701,620,315

8,652,182 200,637 8,852,819

134,982

29,607

4,665,000

1,245,000

34,103

439,000

169,085

29,607

4,665,000

1,684,000

6,074,589 473,103 6,547,692

14,726,771 673,740 15,400,51 I

22,143,112 2,730,236 24,873,348

1,332,048

276,755

127,846

5,7 5l194,818

3,865,188 205,023

1,332,048

216,755

127,846

5,751

194,818

4,070,211

27,885,518 2,935,259 30,820,777


4


Statement of ActivitiesYear Ended April 30, 2012

Progtam Revenues

Expenses

Charges

Services

CapitalGrants/

Contributions

for

Governmental ActivitiesGeneral Government

Recreation

Interest on Long-Term Debt

Total Governmental Activities

Business-Type ActivitiesRacket Club

Golf Learning Center

Total Business-Type Activities

$ 4,891,083

3,532,614244,581

560,039

2,269,55130,307

19,231

9,668,278 2,828,589 49,538

1,490,079

133,399

1,356,480

l2l,60l1,623,477 1,478,081

Total Primary Government , 10,291,755 4,306,670

General Revenues

Taxes

Property Taxes

Replacement Taxes

Interest Income

Miscellaneous


Net Assets - Beginning

Net Assets - Ending

The notes to the financial statements are an integralpart of this statement.

5

49,538

Net Expense/Revenue

Governmental

ActivitiesBusiness-Type

Activities Total

(4,300,739)

(1,244,932)

(244,58r)

(4,300,738)

(1,244,832)

(244,58t)(5,790,151) (5,790,151)

(133,598)( I I,798)

(133,598)

(11,798)

t4s.396) (r4s,396)(

(5,790,15 1) (t45,396) (5,935,547)

2,142

6,468,368

65,456

27,594

13,860

2,142 6,575,278

(t43,254) 639,731

3,07 8,513 30,191,046

9 30.820.777


6

6,469¡6965,456

25,452

13,860

6,573,136

782,985

27,102,533

27.885.518


Balance Sheet - Governmental FundsApril30,2012

Cash and lnvestments

Receivables - Net of AllowancesTaxes

Other

Prepaids

Total Assets

ASSETS

LIABILITIES ANDFUND BALANCES

General Recreation

$ 2,260,090 l,7gg,l37

2,978,538 1,414,309

7,9r7 17,814

s246,s3s 3231259

LiabilitiesAccounts Payable

Accrued Payroll

Unearned/Defened Revenues

Total Liabilities

Fund Balances

Nonspendable

Restricted

CommittedAssigned

Unassigned

Total Fund Balances

61,274

25,325

3,023,620

69,201

50,588

1,629,019

Total Liabilities and Fund Balances

3,110,219 1,748,809

7,917 17,814

1,464,637

2,t28,3992,1 36,316 1,492,451

5246,535 3,231259

The notes to the financial statements are an integral part of this statement.7

Special

Recreation

DebtService

CapitalNonmajor

GovernmentalFunds

Total

Governmental

Fundsects

1,239,7871,333,196

446,639

39,278

964,650

588,078

73r,485642

30,414

7,259,546

6,535,620

642

56,145

1,779,825 1,003,928 1,239,787 1,350,619 13,851,953

1,139

446,638 964,650

27,280 36,314

6,619

732,102

t94,069

83,671

6,796,029

447,777 964,650 27,280 775,035 7,073,769

1,332,048 39,278

30,414

545,170

56,145

r,916,496

1,464,637

1,212,507

2,128,399

1,212,507

1,332,048 39,278 1,2 t2,507 575,584 6.778.184

1,003,928 1,239,787 1,350,6191,779.825 13,851,953


8


Reconciliation of Total Governmental tr'und Balance tothe Statement of Net Assets - Governmental Activities

April30,2012

Total Governmental Fund Balances

Amounts Reported for Governmental Activities in the Statement of Net Assets

are Different Because:

Capital Assets used in Governmental Activities are not Financial

Resources and therefore, are not Reported in the Funds.

Long-Term Liabilities are not Due and Payable in the CurrentPeriod and therefore are not Reported in the Funds.

Compensated Absences Payable

Net Other Postemployment Benefit Obligation Payable

General Obligation Bonds Payable


Accrued Interest Payable

Net Assets of Governmental Activities

$ 6,778,184

28,760,336

(t68,727)(29,607)

(6,059,315)

(1,335,000)

53)

27,885,518

The notes to the financial statement are an integral part of this statement.

9


Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental FundsYear Ended April 30, 2012

See Following Page


Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds

Year Ended April 30, 2012

General Recreation

Revenues

Taxes


Intergovernmental

Grants and Donations

lnterest

Miscellaneous

Total Revenues

Expenditures

Current

General Government

Recreation

Capital Outlay

Debt Service

Principal Retirement

lnterest and Fiscal Charges

Total Expenditures

Excess (Deficiency) of Revenues

Over (Under) Expenditures

Other Financing Sources (Uses)

Debt Issuance

Transfers InTransfe¡s Out

Net Change in Fund Balances

Fund Balances - Beginning

Fund Balances - Ending

$ 2,889,558

560,038

30,307

8,221

7s8

r,597,2402,235,258

6,397

8 57

3,4gg,gg2 3,847,2s2

2,632,028 1,555,480

2,054,352

7,26424,328

390,000

163,995

3,2r0,351 3,617,096

279,531 230,156

279,53I 230,156

1,856,785 t,252,295

2,136316 1,482451

The notes to the financial statements are an integral part of this statement'

10

Special

Recreation

Debt

Service

CapitalProiects

NonmajorGovernmental

Funds

Total

Governmental

Funds

449,235

4,2804

955,915 641,876

33,293

7,981

2,030

2,695

6,533,824

2,828,589

11,250

38,288

25,452

13 860

1,

11,250

3,464

000

060

56

453,519 957,031 15,714 687,865 9.451.263

418,153

592,173

213,9r7

4,779,681

2,696,422

817,630

1,409,020

277,305

786,038

1,018,020

113,310

418,153 1,131,330 786,038 906,090 9,969,0s8

35,366 (174,299) (770,3 24) (118,225) (517,795)

594,315 594,315

419,700(419,700)

419,700

(419,700)

t74,615 419,700 594,315

35,366 3t6 (350,624) (t18,225) 76,520

6,701,6641,296,682 38,962 1,563 ,13 I 693,809

I 9 8 575 84


1l

048 778 184


Reconciliation of the Statement of Revenues, Expenditures and Changes in tr'und Balancesto the Statement of Activities - Governmental Activities


Net Change in Fund Balances - Total Governmental Funds

Amounts Reported for Governmental Activities in the Statement of Activitiesare Different Because:

Governmental Funds Report Capital Outlays as Expenditures. However, in theStatement of Activities the Cost of those Assets is Allocated over their Estimated

Useful Lives and Reported as Depreciation Expense.

Capital Outlays

Depreciation Expense

The Net Effect of Various Miscellaneous Transactions Involving Capital Assets

is to Decrease Net Assets.

Disposals - Cost

Disposals - Accumulated Depreciation

The Issuance of Long-Term Debt Provides Current Financial Resources toGovernmental Funds, While the Repayment of the Principal on Long-Term

Debt Consumes the Current Financial Resources of the Governmental Funds

Issuance of Debt

Retirement of Debt

Retirement of Compensated Absences Payable

Additions to Net Other Postemployment Benefrt Obligation Payable

Changes to Accrued lnterest on Long-Term Debt in the Statement of Activitiesdoes not Require the use ofCurrent Financial Resources and, therefore, are notReported as Expenditures in the Governmental Funds.

Changes in Net Assets of Governmental Activities


l2

S 76,520

740,230

(877,578)

(42,414)

42,414

(594,315)

1,408,020

2,752

(5,368)

32,724

792,995


Statement of Net Assets - Proprietary FundApril30, 2012

Business - Type ActivitiesRacket

ClubGolf Learning

Center TotalASSETS

Current Assets

Cash

Accounts Receivables - Net of AllowancesDue from Other Funds

Inventories

Prepaids

Total Current Assets

Noncurrent Assets

Capital Assets

Nondepreciable

Depreciable

Accumulated Depreciation

Total Noncurrent Assets

Total Assets

LIABILITIESCurrent Liabilities

Accounts Payable

Accrued Payroll

Accrued Interest

Due to Other Funds


Compensated Absences

Current Portion of Long-Term Debt

Total Current Liabilities

Noncurrent LiabilitìesCompensated Absences


Total Noncunent LiabilitiesTotal Liabilities

NET ASSETS

Invested in Capital Assets - Net of Related Debt

Unrestricted

Total Net Assets

2,61 8,962 686,274 3,305,2363,013,796 688,962 3,702,759

$ 242,566

27,256

93,759

26,333

4,9202,448

240

242,56627,256

93,759

2g,7gl5,160

394,834 2,688 397,522

208,171

3,874,9L9(r,464,128\

26,571

1,097,535

234,742

4,972,454(1,901,960)(437 ,832)

20,400

19,803

6,167

8,276

66,000

3,949

1,480

24,248

21,283

6,167

93,759

4,414

8,525

136,000

93,759

4,414

249

70,000

120,646 173,750 294,396

33,106

439,000

997 34,103

439,000

472,106 997 473,103592,752 174,747 767,499

6t6,274(l 02,059)

2,421,044 5t4,2t5 2,935,259


13

2,113,962

307,0922,730,236

205,023


Statement of Revenues, Expenses and Changes in Net Assets - Proprietary tr'undYear Ended April 30, 2012

Business ActivitiesRacket

ClubGolf Learning

Center Total

Operating Revenues


Operations

Merchandise

Programs

Total Operating Revenues

Operating Expenses

Programs

Operations

Depreciation

Total Operating Expenses

Operating Income (Loss)

Nonoperating Revenues (Expenses)

lnterest Income

lnterest Expense



Net Assets - Ending

$ 1,194,754

137,413

24,313

I 16,184

5,417

1,310,938

142,930

24,313

1,356,480 l2l,601 1,479,091

13,051

1,369,021

96,06290,102

38,669

13,051

1,459,r23134,731

1,477.r34 128,771 1,605,905

(120,654) (7,t70) (127,824)

2,142(12,944) (4,628)

2,142(17,572)

(10,802) (4,628) (15,430)

(131,456) (11,798) (143,254)

2,552,500 526,013 3,078,513

2,42t,044 514,2t5 2,935,259

The notes to the financial statements are an integral part of this statement.l4

CRYSTAL LAKE PARr( DTSTRTCT, ILLTNOTS

Statement of Cash Flows - Proprietary FundYear Ended April 30, 2012

Business ActivitiesRacket

ClubGolf Learning

Center Total

Cash Flows from Operating ActivitiesReceipts from Customers and Users

Payments to Suppliers

Payments to Employees

Cash Flows from Noncapital Financing ActivitiesInterfund Activity

Cash Flows from Capital and Related Financing ActivitiesPrincipal Payments

Issuance of Capital Debt

Interest Payments

Purchase of Capital Assets

Cash Flows from Investing ActivitiesInterest Received

Net Change in Cash and Cash Equivalents

Cash and Cash Equivalents - Beginning

Cash and Cash Equivalents - Ending

Reconciliation of Operating Income to Net Cash

Provided (Used) by Operating Activities:Operating Income (Loss)

Adjustments to Reconcile Operating Income to

Net Income to Net Cash Provided by(Used in) Operating Activities:

Depreciation Expense

(Increase) Decrease in Current Assets

Increase (Decrease) in Current Liabilities

(66,600) 34,877 (3t,723)

41,381 41,381

$ 1,311,285

(567,755)(8 1 0,1 30)

121,738

(39,625)(47,236)

1,433,023(607,380)

(857,366)

(355,000)

505,000

(t2,944)(195,962)

(65,000)

(4,628)(6,630)

(420,000)

505,000

(17,572)

(202,592)(58,906) (76,258) (135,164)

2,142 2,142

(123,364) (123,364)

365,930 365,930

242,566 242,566

(120,654) (7,170) (t27,824)

96,062(45,195)

3,187

38,669

t373,241

134,731

(45,058)

6,428

Net Cash Provided by Operating Activities (66,600) 34,877 (3t,723\


15


Notes to the Financial StatementsApril30,2012

NOTE 1 _ SUMMARY OF'SIGNIFICANT ACCOUNTING POLICIES

The Crystal Lake Park District (the District) of Illinois was established in l92L The purpose of theDistrict is to provide recreational facilities, activities and programs to the members of the District.

The government-wide financial statements are prepared in accordance with generally acceptedaccounting principles (GAAP). The Governmental Accounting Standards Board (GASB) is responsiblefor establishing GAAP for state and local governments through its pronouncements (Statements andInterpretations). Governments are also required to follow the pronouncements of the FinancialAccounting Standards Board (FASB) issued through November 30, 1989 (when applicable) that do notconflict with or contradict GASB Pronouncements. Although the District has the option to apply FASBpronouncements issued after that date to its business-type activities and enterprise funds, the District has

chosen not to do so. The more significant of the District's accounting policies established in GAAP andused by the District are described below.

REPORTING ENTITY

In determining the financial reporting entity, the District complies with the provisions of GASBStatement No. 39, "Determining Whether Certain Organizations are Component Units - an Amendmentof GASB Statement No. 14," and includes all component units that have a significant operational orfinancial relationship with the District. Based upon the criteria set forth in the GASB Statement No. 39,there are no component units included in the reporting entity.

BASIS OF PRESENTATION

Government-Wide Statements

The District's basic financial statements include both government-wide (reporting the District as awhole) and fund financial statements (reporting the District's major funds). Both the goverTìment-wideand fund financial statements categorize primary activities as either governmental or business type. TheDistrict's preservation of open space, recreational program activities, development and maintenance ofthe District's various parks and facilities, and general administration are all classihed as governmentalactivities. The District's pre-school/daycare services are classified as business-type activities.

In the government-wide Statement of Net Assets, both the governmental and business-type activitiescolumns are (a) presented on a consolidated basis by column, and (b) reported on a full accrual,economic resource basis, which recognizes all long-term assets and receivables as well as long-termdebt and obligations. The District's net assets are reported in three parts: invested in capital assets, net ofrelated debt; restricted net assets; and unrestricted net assets. The District first utilizes restrictedtesources to finance quali$ing activities.

l6



NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

BASIS OF PRESENTATION - Continued

Government-Wide Statements - Continued

The government-wide Statement of Activities reports both the gross and net cost of each of the District'sfunctions and business-type activities (general government, culture and recreation, etc.). The functionsare supported by general government revenues (property and personal property replacement taxes,certain intergovernmental revenues, interest income, etc.). The Statement of Activities reduces grossexpenses (including depreciation) by related program revenues, which include 1) charges to customersor applicants who purchase, use or directly benefit from goods, services or privileges provided by agiven function or segment and 2) grants and contributions that are restricted to meeting the operationalor capital requirements of a particular function or segment.

The net costs (by function) are normally covered by general revenue (property and personal propertyreplacement taxes, certain intergovemmental revenues, interest income, etc.).

The District does not allocate indirect costs. An administrative service fee is charged by the GeneralFund to the other operating funds that is eliminated like a reimbursement (reducing the revenue andexpense in the General Fund) to recover the direct costs of General Fund services provided (finance,personnel, purchasing, legal, technology management, etc.).

This government-wide focus is more on the sustainability of the District as an entity and the change inthe District's net assets resulting from the current year's activities.

Fund Financial Statements

The financial transactions of the District are reported in individual funds in the fund financialstatements. Each fund is accounted for by providing a sepffate set of self-balancing accounts thatcomprise its assets, liabilities, reserves, fund equity, revenues and expenditures/expenses. Funds areorganízed into two major categories: governmental and proprietary. An emphasis is placed on majorfunds within the governmental category. A fund is considered major if it is the primary operating fund ofthe District or meets the following criteria:

Total assets, liabilities, revenues, or expenditures/expenses of thatindividual governmental fund are at least 10 percent of the correspondingtotal for all funds ofthat category or type; and

t7


Notes to the X'inancial StatementsApril30,2012




Total assets, liabilities, revenues, or expenditures/expenses of the individualgovernmental fund arc at least 5 percent of the corresponding total for allgovernmental funds combined.

The various funds are reported by generic classification within the f,rnancial statements. The followingfund types are used by the District:

Governmental Funds

The focus of the govemmental funds' measurement (in the fund statements) is upon determination offinancial position and changes in financial position (sources, uses, and balances of financial resources)rather than upon net income. The following is a description of the govemmental funds of the District:

General fund is the general operating fund of the District. It accounts for all revenues and expendituresof the District which are not accounted for in other funds. The General Fund is a major fund.

Special revenue funds are used to account for the proceeds of specific revenue sources (other thanfiduciary funds or capital project funds) that are legally restricted to expenditures for specihed purposes.The District maintains six special revenue funds. The Recreation Fund, a major fund, accounts for theoperations of the recreation programs. Financing is provided primarily from an annual restricted propertytax levy, and from fees charged for programs and activities that are formally committed by the Board tofund future recreation programs. The Special Recreation Fund, also a major fund, accounts for revenuesderived from a specific annual restricted property tax levy and expenditures of these monies to theNorthern Illinois Special Recreation Association to provide special recreation programs for physicallyand mentally challenged residents, as well as ADA improvements throughout the District.

Debt service funds are used to account for the accumulation of resources, and the payment of, generallong-term debt principal and interest. The Debt Service Fund is treated as a major fund.

Capital projects funds are used to account for all resources used for the acquisition of capital assetsexcept those financed by Proprietary Funds, The Capital Projects Fund is treated as a major fund.

Proprietary Funds

The focus of proprietary fund measurement is upon determination of operating income, changes in netassets, financial position, and cash flows, The generally accepted accounting principles applicable arethose similar to businesses in the private sector. The following is a description of the proprietary fundsof the District:

18






Proprietary Funds - Continued

Enterprise funds are required to account for operations for which a fee is charged to external users forgoods or services and the activity (a) is financed with debt that is solely secured by a pledge of the netrevenues, (b) has third party requirements that the cost of providing services, including capital costs, be

recovered with fees and charges or (c) establishes fees and charges based on a pricing policy designed torecover similarcosts. The Racket Club Fund, amajorfund, is usedto account forthe operations of the

Racket Club, which is an established proprietary fund. The club offers tennis lessons and membershipswhich provide revenues to operate the Racket Club. The Golf Learning Center Fund, also a major fund,is used to account for the Golf Learning Center, which is an established proprietary fund. The centeroffers a driving range and mini golf course. These user charges provide revenues to operate the GolfLeaming Center.

MEASUREMENT FOCUS AND BASIS OF ACCOUNTING

Measurement focus is a term used to describe "which" transactions are recorded within the variousfinancial statements. Basis of accounting refers to "when" transactions are recorded regardless of themeasurement focus applied.

Measurement Focus

On the government-wide Statement of Net Assets and the Statement of Activities, both governmentaland business-type activities are presented using the economic resources measurement focus as definedbelow. In the fund financial statements, the "current financial resources" measurement focus or the"economic resources" measurement focus is used as appropriate.

All govemmental funds utilize a "current financial resources" measurement focus. Only currentfinancial assets and liabilities are generally included on their balance sheets. Their operating statementspresent sources and uses of available spendable financial resources during a given period. These fundsuse fund balance as their measure of available spendable financial resources at the end of the period.

All proprietary funds utilize an "economic resources" measurement focus. The accounting objectives ofthis measurement focus are the determination of operating income, changes in net assets (or costrecovery), financial position, and cash flows. All assets and liabilities (whether current or noncurrent)associated with their activities are reported. Proprietary fund equity is classified as net assets.

T9



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES _ ContinuEd

MEASUREMENT FOCUS AND BASIS OF ACCOUNTING - Continued

Basis of Accounting

In the govenìment-wide Statement of Net Assets and Statement of Activities, both governmental and

business-type activities are presented using the accrual basis of accounting. Under the accrual basis ofaccounting, revenues are recognized when earned and expenses are recorded when the liability is

incurred or economic asset used. Revenues, expenses, gains, losses, assets, and liabilities resulting fromexchange and exchange-like transactions are recognized when the exchange takes place.

In the fund financial statements, governmental funds are presented on the modified accrual basis ofaccounting. Under this modified accrual basis of accounting, revenues are recognized when "measurableand available." Measurable means knowing or being able to reasonably estimate the amount. Availablemeans collectible within the current period or within sixty days after year end. The District recognizes

property taxes when they become both measurable and available in accordance with GASB CodificationSection P70. A sixty-day availability period is used for revenue recognition for all other governmental

fund revenues. Expenditures (including capital outlay) are recorded when the related fund liability isincurred, except for general obligation bond principal and interest which are recognized when due.

In applying the susceptible to accrual concept under the modified accrual basis, those revenues

susceptible to accrual are property taxes, interest revenue, and charges for services. All other revenues

are not susceptible to accrual because generally they are not measurable until received in cash.

All proprietary funds utilize the accrual basis of accounting. Under the accrual basis of accounting,revenues are recognized when eamed and expenses are recorded when the liability is incurred oreconomic asset used.

Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operatingrevenues and expenses generally result from providing services and producing and delivering goods inconnection with a proprietary fund's principal ongoing operations. The principal operating revenues ofthe District's enterprise fund are charges to customers for sales and services. Operating expenses forenterprise funds include the cost of sales and services, administrative expenses, and depreciation oncapital assets. All revenues and expenses not meeting this definition are reported as nonoperatingrevenues and expenses.

20



NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY


For purpose of the Statement of Net Assets, the District's cash and cash equivalents are considered to be

cash on hand, demand deposits, and cash with f,rscal agent.

Investments are reported at fair value. Short-term investments are reported at cost, which approximates fairvalue. Securities traded on national exchanges are valued at the last reported sales price. Investments thatdo not have any established market, if any, are reported at estimated fair value.

Interfund Receivables, Payables and Activity

Interfund activity is reported as loans, services provided, reimbursements or transfers. Loans are

reported as interfund receivables and payables as appropriate and are subject to elimination uponconsolidation. Services provided, deemed to be at market or near market rates, are treated as revenuesand expenditures/expenses. Reimbursements are when one fund incurs a cost, charges the appropriatebenefiting fund and reduces its related cost as a reimbursement. All other interfund transactions are

treated as transfers.

Prepaidsllnventories

Prepaids/inventories are valued at cost, which approximates market, using the first-in/first-out (FIFO)method. The costs of governmental fund-type prepaids/inventories are recorded as expenditures whenconsumed rather than when purchased. Certain payments to vendors reflect costs applicable to futureaccounting periods and are recorded as prepaids in both the government-wide and fund financialstatements.

Capital Assets

Capital assets purchased or acquired with an original cost of $1,000 or more are reported at historicalcost or estimated historical cost. Contributed assets are reported at fair market value as of the date

received. Additions, improvements and other capital outlays that significantly extend the useful life ofan asset are capitalized. Other costs incurred for repairs and maintenance are expenses as incurred.

2T



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY - Continued

Capital Assets - Continued

The accounting and financial reporting treatment applied to a fund is determined by its measurement

focus. General capital assets are long-lived assets of the District as a whole. When purchased, such

assets are recorded as expenditures in the governmental funds and capitalized. The valuation basis forgeneral capital assets are historical cost, or where historical cost is not available, estimated historical

cost based on replacement costs.

Depreciation on all assets is computed and recorded using the straight-line method of depreciation over

the following estimated useful lives:

Land Improvements

Buildings

5 - 20 Years

20 - 40 Years

Machinery and Equipment 5 - 20 Years

Licensed Vehicles 8 Years

Compensated Absences

The District accrues accumulated unpaid vacation and associated employee-related costs when earned

(or estimated to be earned) by the employee. In accordance with GASB Statement No. 16, no liability isrecorded for nonvesting accumulation rights to receive sick pay benefrts. However, a liability isrecognized for that portion of accumulated sick leave that is estimated to be taken as "terminal leave"

prior to retirement.

All vacation pay is accrued when incurred in the government-wide and proprietary fund financial

statements. A liability for these amounts is reported in the governmental funds only if they have

mafured, for example, as a result of employee resignations and retirements.

UnearnedlDeferred Revenues

Govemmental funds report unearned revenue in connection with receivables for revenues that are not

considered to be available to liquidate liabilities of the current period. Governmental funds also defer

revenue recognition in connection with resources that have been received, but not yet earned.

22



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY - Continued

Long-Term Obligations

In the government-wide financial statements, long-term debt and other long-term obligations are

reported as liabilities in the goverrìmental activities statement of net assets. Bond premiums anddiscounts, as well as issuance costs, are deferred and amortized over the life of the bonds using theeffective interest method. Bonds payable are reported net of the applicable bond premium or discount.Bond issuance costs are reported as deferred charges and amortized over the term of the related debt.

In the fund hnancial statements, govemmental fund types recognize bond premiums and discounts, as

well as bond issuance costs, during the current period. The face amount of debt issued is reported as

other financing sources. Premiums received on debt issuances are reported as other financing sourceswhile discounts on debt issuances are reported as other financing uses. Issuance costs, whether or notwithheld from the actual debt proceeds received, are reported as debt service expenditures.

Fund Equify

In the government-wide financial statements, equity is classified as net assets and displayed in threecomponents:

Invested in capital assets, net of related debt-Consists of capital assets, includingrestricted capital assets, net of accumulated depreciation, and reduced by theoutstanding balances of any bonds, mortgages, notes or other borrowings that are

attributable to the acquisition, construction, or improvement of those assets.

Restricted net assets-Consists of net assets with constraints placed on the use

either by (1) external groups such as creditors, grantors, contributors, or laws orregulations of other governments; or (2) law through constitutional provisions orenabling legislations.

Unrestricted net assets-All other net assets that do not meet the definition of"restricted" or "invested in capital assets, net ofrelated debt".

¿-t



NOTE 2 _ STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

BUDGETARY INFORMATION

The Combined Budget and Appropriation Ordinance are prepared in tentative form by the Executive

Director and are mude available by the Board of Park Commissioners for public inspection 30 days prior

to final Board action. A public hearing is held on the tentative budget to obtain taxpayer comments.

prior to August I the appropriations are legally enacted through the passage of a combined budget and

appropriation ordinance. All actual expenditures/expenses contained herein have been compared to the

annual operating budget.

The Board of Park Commissioners may:

. Amend the Budget and Appropriation Ordinance in the same manner as itsoriginal enactment'

Transfer between items of any fund not exceeding in the aggregate 10% of the

total amount appropriated in such fund.

After six months of the fiscal year, by two-thirds vote, transfer any appropriation

item that it anticipates will be unexpended, to any other appropriation item.

The Executive Director is authorizedto transfer budgeted amounts between line items within any fund;

however, any revisions that alter the total expenditures of any fund must be approved by the Board ofpark Commissioners. Expenditures may not legally exceed budgeted appropriations at the fund level.

There were several supplemental appropriations during the year.

NOTE 3 _ DETAIL NOTES ON ALL FUNDS

DEPOSITS AND INVESTMENTS

The District maintains a cash and investment pool that is available for use by all funds. Each fund type's

portion of this pool is displayed on the combined balance sheet as "cash and investments". In addition,

investments are separately held by several of the District's funds.

permitted Deposits and Investments - Statutes authorize the District to make deposits/invest in

commercial banks, savings and loan institutions, obligations of the U.S. Treasury and U.S. Agencies,

obligations of States and their political subdivisions, credit union shares, repurchase agreements,

commercial paper rated within the three highest classifications by at least two standard rating services,

and the Illinois Funds and the Illinois Park District Liquid Asset Fund.

I

24



NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued

DEPOSITS AND INVESTMENTS - Continued

The Illinois Funds is an investment pool managed by the Illinois Public Treasurer's Office, which allowsgovernments within the State to pool their funds for investment purposes. The Illinois Park DistrictLiquid Asset Fund allows Illinois park districts, forest preserves and joint recreational programs to pooltheir funds for investment purposes. Although not registered with the SEC, the Illinois Funds and the

Illinois Park District Liquid Asset Fund do operate in a manner consistent with Rule 2a7 of the

Investment Company Act of 1940. Investments in both Funds are valued at the share price, the price forwhich the investment could be sold.

Interest Rate Risk, Credit Risk, Concentration Risk, and Custodial Credit Risk

At year-end, the carrying amount of the District's deposits totaled $5,595,028 and the bank balances

totaled $5,644,508. In addition, the District had $998,331 invested in the Illinois Funds and $908,753

invested in the Illinois Park District Liquid Asset Fund both with an average maturity of less than one

year.

Interest Rate Risk. Interest rate risk is the risk that changes in interest rates will adversely affect the

fair value of an investment. It is the policy of the District to invest its funds in a manner which willprovide the highest investment return with the maximum security while meeting the daily cash flowdemands of the District and conforming to all state and local statutes governing the investment of public

funds, using the "prudent person" standard for managing the overall portfolio. The primary objective ofthe policy is safety (preservation of capital and protection of investment principal), liquidity and yield.

Credit Risk. Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill itsobligations. State law limits investments in commercial paper, corporate bonds and mutual funds to the

top two ratings issued by nationally recognized statistical rating organizations. The District limits itsexposure to credit risk by primarily investing in obligations guaranteed by the United States Government

or securities issued by agencies of the United States Government that are explicitly or implicitlyguaranteed by the United States Government. As of April 30, 2012, the District's investment in the

Illinois Funds and the Illinois Park District Liquid Asset Fund was rated AAAm by Standard &, Poor's.

Concentration of Credit Risk. Concentration of credit risk is the risk of loss attributed to the

magnitude of the District's investment in a single issuer. The District's investment policy does not

address concentration of credit risk. At year-end, the District has over 5 percent of the total cash and

investment portfolio (other than U.S. Government guaranteed obligations) invested in the Illinois Funds

and the Illinois Park District Liquid Asset Fund.

Custodial Credit Risk. In the case of deposits, this is the risk that in the event of a bank failure, the

District's deposits may not be retumed to it. The District's investment policy requires pledging ofcollateral of all bank balances in excess of federal depository insurance with the collateral held by a

third party in the District's name.

25




DEPOSITS AND INVESTMENTS - Continued

Interest Rate Risþ Credit Risk, Concentration Risk, and Custodial Credit Risk - Continued

For an investment, this is the risk that, in the event of the failure of the counterparty, the District will not

be able to recover the value of its investments or collateral securities that are in the possession of an

outside party.The District's investment policy does not address custodial credit risk for investments.

PROPERTY TAXES

Property taxes for the 201 1 levy attach as an enforceable lien on January I , 2012, on property values

assessed as of the same date. Taxes are levied by June of the subsequent fiscal year (by passage of a Tax

Levy Ordinance). Tax bills are prepared by the County and are payable in two installments on or about

Juné 1, 20I2,and September 1,2012. The County collects such taxes and remits them periodically. The

allowance for uncollectible taxes has been stated at 1o/o of the tax levy, to reflect actual collection

experience.

INTERFUND TRANSFERS

Interfund transfers for the year consisted of the following:

Transfer In Transfer Out Amount

Capital Projects Debt Service $ 419.700

Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to

the fund that statute or budget requires to expend them, (2) move receipts restricted to debt service from

the funds collecting the receipts to the debt service fund as debt service payments become due, and (3)

use unrestricted revenues collected in the general fund to finance various programs accounted for inother funds in accordance with budgetary authorizations.

INTERFUND BALANCES

Interfund balances are advances in anticipation of receipts. The composition of interfund balances as ofthe date of this report is as follows:

Receivable Fund Payable Fund Amount

Golf Learning Center $ 93,759Racket Club

26




CAPITAL ASSETS


Governmental capital asset activity for the year \ryas as follows:

Beginning

Balances Increases Decreases

EndingBalances

Nondepreciable Capital Assets

Land

Construction in Progress

Depreciable Capital Assets

Land Improvements

Buildings

Machinery and Equipment

Licensed Vehicles

Less Accumulated Depreciation

Land Improvements

Buildings


Licensed Vehicles

151,774 800,714

16,721,600 151,77 4 800,714 16,072,660

$ 15,901,750

819,850

15,901,750

170,910

7,765,924

11,291,336

2,279,725

697,241

658,246

638,763

45,007

47,154

19,134

23,280

9,424,170

I1,930,099

2,305,598

775,115

22,028,226 1,389,170 42.414 23,374,982

3,487,0024,583,221

1,303,317

478,602

416,419

296,365

123,974

50,820

19,134

23,280

3,903,427

4,969,596

1,409,157

506,142

Total Net Capital Assets

Depreciation expense was charged to governmental activities as follows:

General Govemment

Recreation

$

Total Net Depreciable Capital Assets

9,852,142 877,578 42.414 10.687.306

12,176,084 511,592 12,687,676

28.897,684 663,366 800.714 28.760.336

108,786

768,792

27

877,578




CAPITAL ASSETS - Continued

Business-Type Activities

Business-type capital asset activity for the year was as follows:

BeginningBalances Increases Decreases

Ending

Balances

Nondepreciable Capital Assets

Land

Construction in Progress

Depreciable Capital Assets

Land lmprovements

Buildings


Less Acculnulated Depreciation

Laud hnprovements

Buildings

Mach inery and Equipment

Total Net Capital Assets

$ 226,571

3,987 8,171 3,987

226,571

8,171

230,558 8,171 3,987 234,742

86 1,1 28

3,728,331

184,587

182,003

16,405

86 1,128

3,910,334

200,992

4,774,046 198,408 4,972,454

3 81,693

7,284,312

101,224

43,057

83,341

8,333

424,750

1,367,653

109,557

r,767,229 t34,731 1,901,960

Total Net Depreciable Capital Assets 3.006,817 63,677 3,0 70,494

3.237.375 71 .848 3.987 3.305.236

Depreciation expense was charged to business-type activity as follows:

Racket Club

Golf Learning Center

96,062

38,669

28

$

l3 731


Notes to the Financial StatementsApril30,,2012


LONG-TERM DEBT

General Obligation (Alternate Revenue Source) Bonds

The District issues general obligation bonds to provide funds for the acquisition and construction ofmajor capital facilities. General obligation bonds are direct obligations and pledge the full faith andcredit of the District. General obligation bonds currently outstanding are as follows:

Issue

Beginning

Balances Issuances Retirements

EndingBalances

$1,800,000 General Obligation Limited Bonds

of 19984 - Due in annual installments of$125,000 to $400,000 plus interest at 4.75Yo

to 6.l25Yo through December 30,2012.

$1,500,000 General Obligation (AlternateReverrue Source) Bonds of 20068 - Due inannual installments of $200,000 to $300,000plus interest at 3.60Yo to 3.15% throughDecember 30,2015.

$1,500,000 General Obligation (AlternateRevenue Source) Bonds of 20088 - Due in

annual installments of $105,000 to $300,000plus interest at 3.50%o to 4.25% throughDecember 30,2019.

$1,645,000 General Obligation Limited TaxRefunding Park Bonds of 20094 - Due inannual installments of $35,000 to $380,000plLrs interest at 2.20%o to 3.25% throughDecenrber 30,2016.

$ 475,000

1,250,000

1,500,000

1,565,000

350,000 125,000

200,000 1,050,000

105,000 I,395,000

29

35,000 1,530,000




LONG-TERM DEBT - Continued

General Obligation (Alternate Revenue Source) Bonds - Continued

Issue

Beginning


Ending

Balances

$498,020 General Obligation Limited Tax

Park Bonds of 2010 - Due in one installment

of $498,020 on October l,20ll plus interest at

0.95o/o. $ 498,020 498,020

$1,500,000 General Obligation (Altemate

Revenue Source) Bonds of 20104 - Due inannual installments of $135,000 to $170,000

plus interest at 0.80% to 2.80% through

December 15,2020. 1,500,000 135,000 1,365,000

$594,315 General Obligation Limited Tax

Park Bonds of 2011 - Due in one installment

of $594,315 on October 15,2012 plus interest

at2.00%. 594,315 594,315

6,788,020 s94.3ts t.323.020 6.059.3 r5

Debt Certificates

The District enters into debt certificates to provide funds for the acquisition of capital assets, Debtcertificates currently outstanding are as follows:

Issue

BeginningBalances Issuances Retirements

Ending

Balances

$590,000 Debt Certificates of 2003 - Due inannual installments of $50,000 to $70,000 plus

interest at 1.20% to 3.50% through December

30,2012. $ 135,000

30

65,000 70,000





Debt CertifTcates - Continued

Issue

Beginning


EndingBalances

$1,500,000 Debt Certificates of 2004A - Due

in annual installments of $80,000 to $140,000plus interest at 3.375%o to 4.45Yo throughDecenrber 30,2023.

$650,000 Debt Certificates of 2005 - Due rn

annual installments of $55,000 to $75,000 plus

semi-annual interest installments at 3.65%through December 15, 2015.

$505,000 Debt Certificates of 2011 - Due inannual installments of $66,000 to $78,000 plus

interest at l.25Yo to 2.80%o through December

15,2018.

$ 1,420,000 85,000 1,335,000

355,000 355,000

505,000 505,000

1,910,000 505,000 505,000 1,910,000

31





Lon g-Term Liability Activity

Changes in long-term liabilities during the fiscal year were as follows:

Type ofDebtBeginningBalances

Ending

Balances

AmountsDue withinOne YearAdditions Deductions

Governmental ActivitresCompensated Absences

General Obligation Bonds

Debt CertificatesNet Other Post-Employment

Benefits Obligation

Business-Type ActivitiesCompensated Absences

Debt Certificates

$ 171,479

6,788,020

1,420,000

2,752

594,315

5,504

1,323,020

85,000

168,727

6,059,3 15

l,335,ooo

33,745

1,394,315

90,000

24,239 5,368 29,607

8,403,738 602,435 1,413,524 7,592,649 1,518,060

44,250

490,000

r,622505,000

3,244

420,000

42,628575,000

8,525

136,000

,34,250 59þ,622 423,244 617,628 144,525

For governmental activities, compensated absences and the net other post-employment benefitsobligation are generally liquidated by the General Fund and Recreation Fund. Payments on the general

obligation bonds are made by the General Fund and Debt Service Fund. The Debt Service Fund alsomakes payments on the debt certificates and the installment notes. For the business-type activities,compensated absences and debt certificates are liquidated by the Racket Club and Golf Leaming CenterFunds.

32


Notes to the Financial StatementsApril 30,,2012



Debt Service Requirements to Maturity

The annual debt service requirements to maturity, including principal and interest, are as follows:

Governmental ActivitiesFiscalYear

EndingApril30

General

Obligation Bonds

Debt

Certificates

Principal Interest Principal Interest

2013

2014

2015

2016

2017

201 8

2019

20202021

2022

2023

2024

$ 1,394,3 I 5

800,000

880,000

965,000

695,000

330,000

360,000

465,000

170,000

185,233

150,900

126,460

98,965

67,045

44,833

34,140

21,800

4,760

90,000

90,000

95,000

100,000

105,000

105,000

110,000

1 15,000

120,000

130,000

135,000

140,000

53,342

50,23I47,132

43,760

40,060

36,070

31,976

27,520

22,862

17,762

12,238

6,230

Total 6.059.315 734.136 I a-t 35 000 389.190

Business-Type ActivitiesFiscalYear

Ending

April30

Debt

CertificatesPrincipal Interest

2013

20t42015

2016

20t72018

2019

Total

$ 136,000

70,000

71,000

72,00073,000

75,000

78,000

14,783

9,042

8,096

6,960

5,6284,060

2,184

JJ

575,000 50,7 53


Notes to the Financial StatementsApril 30,2012



Legal Debt Margin

Chapter 70, Section 120516-2 of the Illinois Compiled Statutes provides "...for the payment of landcondemned or purchased for parks or boulevards, for the building, maintaining, improving and protectionof the same and for the payment of the expenses incident thereto, or for the acquisition of real estate and

lands to be used as a site for an arlnory, any park district is authorized to issue the bonds or notes of such

park district and pledge its property and credit therefore to an amount including existing indebtedness ofsuch district so that the aggregate indebtedness of such district does not exceed 2.875% of the value of the

taxable property therein, to be ascertained by the last assessment for state and county taxes previous to the

issue from time to time of such bonds or notes or, until January 1, 1983, if greater, the sum that isproduced by multiplying the district's 1978 equalized assessed valuation by the debt limitation percentage

in effect on January l, 1979, if a petition, signed by voters in number equal to not less than2o/o of the

voters of the district, who voted at the last general election in the district, asking that the authorizedaggregate indebtedness of the district be increased to not more that .575% of the value of the taxableproperty therein, is presented to the Board and such increase is approved by the voters of the district at areferenclum held on the question."

Assessed Valuation - 2011 s 1,594,158,747

Legal Debt Limit - 2.875% of Assessed Value

Amount of Debt Applicable to Limit

Legal Debt Margin

Non-Referendum Legal Debt Limit0.575% of Assessed Valuation

Arnount of Debt Applicable to Debt Limit

Non-Referendum Legal Debt Margin

45,832,064

4,159,315

41,672;149

9,166,413

2,249,315

6,911,098

34




FUND BALANCE RESERVES

Net Assets Classifïcations

Investment in capital assets - net of related debt, was comprised of the following as of April 30,2012:

Governmental ActivitiesCapital Assets - Net of Accumulated Depreciation

Plus Unspent Bond Proceeds

Less Capital Related Debt:

General Obligation Limited Bonds of 19984

General Obligation (Altemate Revenue Source) Bonds of 2006B

General Obligation (Alternate Revenue Source) Bonds of 20088

General Obligation Limited Tax Refunding Park Bonds of 20094General Obligation Limited Tax Park Bonds of 20104General Obligation Limited Tax Park Bonds of 2011

Debt Certificates of 20044

(125,000)

( 1,050,000)

(1,395,000)(1,530,000)(1,365,000)

(594,3 15)

(1,335,000)

(70,000)(505,000)

$ 28,760,336

777,091

(7,394,315)

Investment in Capital Assets - Net of Related Debt 22,143.t12

Business-Type ActivitiesCapital Assets - Net of Accumulated Depreciation 3,305,236

Less Capital Related Debt:

Debt Certificates of 2003

Debt Certificates of 2011 (575,000)

Investment in Capital Assets - Net of Related Debt 2,730,236

Fund Balance Classifications

The District implemented the provisions of GASB Statement No. 54, Fund Balance Reporting andGovernmental Fund Type Definitions for the fiscal year ended April 30, 2012. In the govemmentalfunds financial statements, the District first utilizes restricted resources to finance qualifying activities,then committed, assigned and unassigned fund balance.

Minimum Fund Balance Policy. The Districts policy states that the General Fund shall maintain a

minimum fund balance equal to 35% of annual budgeted expenditures. For all other govemmental funds

35




FUND BALANCE RESERVES - Continued

Fund Balance Classifications - Continued

The following is a schedule of fund balance classifications for the governmental funds as of the date ofthis report:

General

Special

Recreation Recreation

Capital

Projects Nonmaior

Debt

Service Total

Fund Balances

Nonspendable - Prepaids

Restricted

Special Recreation

IMRFLiability Insurance

AuditMuseum

Debt Service

$ 7,917 t7,814 30,414 56,145

1,332,049

216,755

127,846

5,751

194,819

1,332,049

216,755

127,846

5,751

194,818

39,27839,278

1,332,049 39,278 545,170 1,916,496

Committed

Recreation Programs

Assigaed

Capital Projects

Unassigned

Total Fund Balances

1,464,637 1,464,637

1,212,507 1,212,507

2,l2g,3gg

2,136,316 1,482,451 t,332,048 39,278 1,212,507 575,594 6,779,194

Assigned Fund Balance. The District reports assigned fund balance in the Capital Projects, a majorfund. The District's Board/management has assigned these funds to future park improvement projectsand equipment and vehicle purchases based on approved Board/management expenditures as determinedthrough the annual budget process.

Committed Fund Balance, The District reports committed fund balance in the Recreation Fund, amajor fund. The District's Board has formally committed these funds to future recreation programsthrough passage ofthe budget ordinance.

2,128,399

36



NOTE 4 _ OTHER INFORMATION

RISK MANAGEMENT

Park District Risk Management Agency (PDRMA)

The District is exposed to various risks related to torts; theft of, damage to and destruction of assets;

errors and omissions; injuries to employees; and net income losses. Since 1985, the District has been a

member of the Park District Risk Management Agency (PDRMA) Property/Casualty Program, a jointrisk management pool of park and forest preserve districts, and special recreation associations throughwhich property, general liability, automobile liability, crime, boiler and machinery, public officials',employment practices liability and workers compensation coverage is provided in excess of specifiedlimits for the members, acting as a single insurable unit.

The following table is a summary of the coverage in effect as of January 1,2012

Coverage

MemberDeductible

PDRMA Self-

InsuredRetention Limits

PROPERTYProperW/B ldg/Contents

All Losses per Occurrence s1,000 $1,000,000 $ 1,000,000/All Members

All Losses Annual Aggregate $3,000,000 Declaration I IFloodÆxcept Zones A&V $1,000 $1,000,000 $25 0,000,000/Occurrence/Annl AggrFlood Zones A&V $1,000 $r,000,000 $200,000,00O/Occurrence/Annl AgsrEathquake Shock $1,000 $100,000 $ I 00,000,000/Occurrence/Annl Aggr

Auto Physical Damage $1,000 $1,000,000 IncludedBuilders Risk $1,000 Included $25,000,000Business Interruption, Rental $1,000 $ I 00,000,000/Reported Values

Income, Tax Income Combined $5 00, 000/$2,5 00,000À{on-Reported

Service Interruption 24 Hours N/A $25,000,000Boiler and Machinery/Property $ I 00,000,000 Equipment BreakdownProperW Damage $1.000 $9,000 Property Damage - IncludedBusiness Income 48 Hours N/A IncludedFidelityiCrime $1,000 $24,000 $2,000,000

Seasonal Employees $1,000 $9,000 $1,000,000Blanket Bond $1,000 $24,000 $2,000,000

37



NOTE 4 - OTHER INFORMATION - Continued

RISK MANAGEMENT - Continued

Park District Risk Management Agency (PDRMA) - Continued

COMPENSATIONWorkers Compensation N/A $500,000 Statutory

Employers LiabiliW $500,000 $3,500,000 Employers LiabilitvLIABILITY

$2 l, 5 00,000/Occurrence/Annl AggrGeneral None $500,000

Auto Liability None Included IncludedEmployment Practices None Included $2 l, 5 00,000/Occurrence/Annl AggPublic Officials Liability None Included

Law Enforcement Liabilitv None Included Included

Uninsured/[Jnderinsured Motorist None Included $ 1,000,OO0/Occurrence

POLLUTION LIABILITYLiabiliry - Third ParW None $25,000 $5,000,00O/Occurrence

Liabiliry - First Party $1,000 $24,000 $ I 0,000,000 General Aggregate

OUTBREAK EXPENSE $ I 5,000/Dav $45O,O0O/Location

24 Hours N/A $1 Million Aggregate Policy LimitVOLUNTEER MEDICAL ACCIDENT $5,000 Medical Expense and AD&D

None $5,000 Excess of any other Collectible Ins

UNDERGROUND STORAGE TANK LIABILITY $10,000 Follows Illinois Leaking

None NiA Underground Tank Fund

UNEMPLOYMENT COMPENSÄTIONN/A N/A Statutory

ít 0t

Losses exceeding the per occürence self-insured and reinsurance limit would be the responsibility of theDistrict.

As a member of PDRMA's Property/Casualty Program, the District is represented on theProperty/Casualty Program Council and the Membership Assembly and is entitled to one vote on each.The relationship between the District and PDRMA is governed by a contract and by-laws that have beenadopted by resolution of the District's governing body.

The District is contractually obligated to make all annual and supplementary contributions to PDRMA,to report claims on a timely basis, cooperate with PDRMA, its claims administrator and attorneys inclaims investigations and settlement, and to follow risk management procedures as outlined by PDRMA.Members have a contractual obligation to fund any deficit of PDRMA attributable to a membership yearduring which they were a member.

38




RISK MANAGEMENT - Continued

Park District Risk Management Agency (PDRMA) - Continued

PDRMA is responsible for administering the self-insurance program and purchasing excess insuranceaccording to the direction of the Program Council. PDRMA also provides its members with riskmanagement services, including the defense of and settlement of claims, and establishes reasonable andnecessary loss reduction and prevention procedures to be followed by the members.

The following represents a summary of PDRMA's Property/Casualty Program balance sheet atDecember 31,2011 and the statement of revenues and expenses for the period ending December 31,2011. The District's portion of the overall equity of the pool is 1.492% or $494,850.

Assets

Liabilities

Member Balances

Revenues

Expenditures

955,041,677

2I,875,5II

33,166,166

18,480,463

r7,708,721

Since 97% of PDRMA's liabilities are reserves for losses and loss adjustment expenses which are basedon an actuarial estimate of the ultimate losses incurred, the Member Balances are adjusted annually as

more recent loss information becomes available.

CONTINGENT LIABILITIES

Litigation

The District is a defendant in various lawsuits. Although the outcome of these lawsuits is not presentlydeterminable, in the opinion of the District's attorney the resolution of these matters will not have amaterial adverse effect on the financial condition of the District.

Grants

Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantoragencies, principally the federal government. Any disallowed claims, including amounts alreadycollected, may constitute a liability of the applicable funds. The amount, if any, of expenditures whichmay be disallowed by the grantor cannot be determined at this time although the District expects suchamounts, if any, to be immaterial.

39


Notes to the Financial StatementsÄpril30,2012


CONTINGENT LIABILITIES - Continued

Related Party Transactions

The District is a member of the Northern Illinois Special Recreation Association (NISRA). The Districtpays annual contributions to NISRA for services they provide for disabled and handicapped members ofthe District. During the year ended April 30, 2012, the District paid $310,316 to NISRA.

The District has also bought a building and real estate, which it has agreed to lease to NISRA. Thebuilding mortgage shall be repaid over a twenty year period. Rental payments are semi-annual and based

on the monthly principal and interest payment the District pays on its mortgage. NISRA shall have an

option to purchase the building and property at any time during the lease. The District has agreed to sellfor the original purchase price less the total amount of the down payment and rental payments to date.

During the year ended April 30,2009,NISR4 purchased the building from the District for $411,820.

EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN

Plan Descriptions, Provisions and Funding Policies

The District contributes to the Illinois Municipal Retirement Fund (IMRF), a defined benefit agent

multiple-employer public employee retirement system that acts as a common investment and

administrative agent for local govemments and school districts in Illinois. The Illinois Pension Code

establishes the benefit provisions of the plan; those provisions can only be amended by the IllinoisGeneral Assembly. IMRF provides retirement, disability, annual cost-of-living adjustments and death

benefits to plan members and beneficiaries. IMRF issues a publicly available financial report thatincludes financial statements and required supplementary information for the plan as a whole, but not byindividual employer. That report may be obtained online at www.imrf.org. The benefits, benefit levels,employee contributions, and employer contributions are governed by Illinois Compiled Statutes and can

only be amended by the Illinois General Assembly.

All employees hired in positions that meet or exceed the prescribed annual hourly standard must be

enrolled in IMRF as participating members. Participating members hired before January 1,2011 whoretire at or after age 60 with 8 years of service are entitled to an annual retirement benefit, payablemonthly for life, in an amount equal to l-213 percent of their final rate (average of the highest 48

consecutive months' earnings during the last l0 years) of earnings, for each year of credited service up to15 years, and 2 percent for each year thereafter. For participating members hired on or after January 1,

2011 who retire at or after age 67 with 10 years of service are entitled to an annual retirement benef,tt,

payable monthly for life in an amount equal to I-213 percent of their final rate (average of the highest 96consecutive months' earnings during the last 10 years) of eamings, for each year of credited service,with a maximum salary cap of $106,800 at January 1,2011. The maximum salary cap increases eachyear thereafter.

40




EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - CONtiNUCd

Plan Descriptions, Provisions and Funding Policies - Continued

The monthly pension of a member hired on or after January 1,2011, shall be increased annually,

following the later of the first anniversary date of retirement or the month following the attainment ofage 62, by the lesser of 3Yo or Y, of the consumer price index. Employees with at least 10 years of

"r.dit.d service may retire at or after age 62 and receive a reduced benefit. IMRF also provides death

and disability benefits. These benefit provisions and all other requirements are established by state

statute. Employees participating in the plan are required to contribute 4.50 percent of their annual

covered salary to IMRF. The employees' contribution rate is established by state statute. The District is

required to contribute the remaining amount necessary to fund the IMRF plan as specified by statute'

The employer contribution and annual required contribution rate for calendar year 2012 was 12.65

percent.

Funding Policy and Annual Pension Cost

For April 30, 2012, the District's annual pension cost of $395,916 was equal to the District's required

and actual contributions. The required contribution was determined as part of the December 31,2009

actuarial valuation using the entry age actuarial cost method. The actuarial assumptions included (a)

7.5% investment rate of return (net of administrative expenses), (b) projected salary increases of 4.00%

ayeat, attributable to inflation, (c) additional projected salary increases ranging from 0.4Yo to 10.0% per

year, depending on age and service, attributable to seniority/merit and (d) post-retirement benefit

inrt"ur.i of 3Yo annually. The actuarial value of IMRF assets was determined using techniques that

smooth the effects of short-term volatility in the market value of investments over a five-year period

with a 20o/o corridor. IMRF's unfunded actuarial accrued liability is being amofüzed as a level

percentage of projected payroll on an open basis. The remaining amortization period at December 31,

2012was 30 years.

Trend Information

Employer annual pension cost (APC), actual contributions and the net pension obligation (NPO) are as

follóws. The NPO is the cumulative difference between the APC and the contributions actually made'

FiscalYear

AnnualPension

Cost

PercentageofAPC

Contributed

NetPension

Oblieation

2010

20ll

$ 351,795

396,538

395,916

100%

t00%

None

None

2012

4l

100% None




EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN _ CONtiNUEd

X'unded Status and Funding Progress

The District's funded status for the current year and related information for the plan is as follows:

Actuarial Valuation Date l2l31l1l

Percent Funded 72.20%

Actuarial Accrued Liabilityfor Benefits $9,951,378

Actuarial Value of Assets $7,184,929

Over (Under) Funded ActuarialAccrued Liability (UAAL) s2,766,449

Covered Payroll (Annual Payroll

of Active Employees Covered

by the Plan) $3,3 81,007

Ratio of UAAL to Covered

Payroll 8t.82%

The schedule of funding progress, presented as Required Supplementary Information (RSI) followingthe notes to the financial statements, presents multiyear trend information about whether the actuarial

value of plan assets are increasing or decreasing over time relative to the actuarial accrued liability forbenefits.

42




OTHER POST.EMPLOYMENT BENEFITS

Plan Descriptions, Provisions and Funding Policies

In addition to providing the pension benefits described, the District provides post-employment health

care insurance benefits (OPEB) for its eligible retired employees through a single employer defined

benefit plan. The benefits, benefit levels, employee contributions and employer contributions are

governed by the District and can be amended by the District through its personnel manual and union

contracts. The plan is not accounted for as a trust fund, as an irrevocable trust has not been established to

account for the plan. The plan does not issue a separate report. The activity of the plan is reported in the

District's General Fund.

The District provides post-employment health care benefits to its retirees. To be eligible for benefits, an

employee must qualify for retirement under one of the District's retirement plans. Elected officials are

eligible for benefits if they qualify for retirement through the Illinois Municipal Retirement Fund.

A1l health care benefits are provided through the District's health insurance plan, The benefit levels are

the same as those afforded to active employees. Benefits include general inpatient and outpatient

medical services; mental, nervous, and substance abuse care; vision care; dental care; and prescriptions.

Upon a retiree reaching 65 years of age, Medicare becomes the primary insurer and the District's plan

becomes secondary.

All retirees contribute 100% of the actuarially determined premium to the plan. For the fiscal year

ending April 30, 2012, retirees contributed 520,547. Active employees do not contribute to the plan untilretirement.

At April 30,2012, membership consisted of:

Retirees and Beneficiaries Currently Receiving

Benefits and Terminated Employees Entitledto Benefits but not yet Receiving Them

Active Employees 65

Total

Participating Employers

The District does not currently have a funding policy.

2

43

67




OTHER POST-EMPLOYMENT BENEFITS - Continued

Annual OPEB Costs and Net OPEB Obligation

The net OPEB obligation (NOPEBO) as of April30,2012, was calculated as follows:

Annual Required ContributionInterest on the NOPEBOAdjustment to the ARC

Annual OPEB Cost

Actual Contribution

$ 12,981

1,212

(606)

13,587

8,219

Increase in the NOPEBO 5,368

NOPEBO - Beginning of Year 24,239

NOPEBO - End of Year 29,607

Trend Information

The District's annual OPEB cost, actual contributions, the percentage of annual OPEB cost contributedand the net OPEB obligation are as follows:

Fiscal

Year

Annual

OPEB

Cost

ActualContributions

Percentage

ofOPEBCost Contributed

Net

OPEB

Obligation

2010 s 11,922 s

20tt 12,317

0.00% $ t1,922

0.00% 24,239

8,2192012 13,587

44

60.49% 29,607




OTHER POST-EMPLOYMENT BENEFITS - Continued

Funded Status and Funding Progress

The funded status of the plan as of April 30,2010, the date of the latest valuation, was as follows:

Actuarial Accrued Liability (AAL) $ t 12,549

Actuarial Value of Plan Assets

Unfunded Actuarial Accrued Liability (UAAL) 112,549

Funded Ratio (Actuarial Value of Plan Assets/AAL) 0.0%

Covered Payroll (Active Plan Members) 4,684,939

UAAL as a Percentage of Covered Payroll 2.4%

Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and

assumptions about the probability of occurrence of events far into the future. Examples includeassumptions about future employment, mortality, and the healthcare cost contributions of the employerare subject to continual revision as actual results are compared with past expectations and new estimates

are made about the future. The schedule of funding progress, presented as required supplementaryinformation following the notes to the financial statements, presents multiyear trend information thatshows whether the actuarial value of plan assets is increasing or decreasing over time relative to theactuarial accrued liabilities for benefits.

Actuarial Methods and Assumptions

Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as

understood by the employer and plan members) and include the types of benefits provided at the time ofeach valuation and the historical pattern of sharing of benefit costs between the employer and planmembers to that point. The actuarial methods and assumptions used include techniques that are designedto reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistentwith the long-term perspective of the calculations.

In the April 30, 2010 actuarial valuation the entry age actuarial cost method was used. The actuarialassumptions included a 5.0Vo investment rate of return (net of administrative expenses and an annualhealthcare cost trend rate of 8.0%. Both rates include a3.ïYo inflation assumption. The actuarial value ofassets was not determined as the District has not advance funded its obligation. The plan's unfundedactuarial accrued liability is being amortized as a level percentage of projected payroll on an open basis.The remaining amortization period at April 30,2012, was 30 years.

45

RE QUIRED SUPPLEMENTARY INFORMATION

Required supplementary information includes financial information and disclosures that are

required by the Governmental Accounting Standards Board (GASB) but are not considered a

part of the basic financial statements. Such information includes:

o Schedule of Funding Progress and Employer Contributions

Budgetary Comparison Schedule - General Fund

Budgetary Comparison Schedule - Recreation - Special Revenue Fund

Budgetary Comparison Schedule - Special Recreation - Special Revenue Fund

Notes to the Required Supplementary Information

Budgetary Information - Budgets are adopted on a basis consistent with generally accepted

accounting principles.

o

a

o


Illinois Municipal Retirement Fund

Required Supplementary InformationSchedule of Funding Progress and Employer ContributionsApril30,2012

Funding Progress

ActuarialValuation

Date

Dec. 3l

(l)Actuarial

Valueof Plan

Assets

(2)ActuarialAccruedLiability(AAL)

- Entry Age

(3)Funded

Ratio(l) + (2)

(4)

Unfunded(Overfunded)

ActuarialAccruedLiability(2) - (l)

(s)AnnualCovered

Payroll

(6)

Unfunded(Overfunded)

ActuarialAccruedLiability

asaPercentage

ofCoveredPayroll(a) + (s)

20062007

2008

2009

201020tl

$ 6,753,063

7,617,6347,707,662

9,061,737

6,536,9297,184,929

s 7,742,1608,603,0529,616,854

r0,286,5679,305,692

9,951,378

EmployerContributions

87.22%

88.5s%

80.15%

78.37%

70.25%72.20%

989,097

985,418

l,go9,rg22,224,9302,768,8642,766,449

AnnualRequired

Contribution

$ 3,129,4053,297,434

3,438,736

3,493,1163,496,8113,3 g l,oo7

31.61%29.88%5552%63.87%79.18%81.82%

Percent

Contributed

$

Employer Contributions

FiscalYear

2007

2008

2009

2010

20tt2012

$ 336,724

322,381349,032357,795

396,538395,916

I 336,724

322,381

349,032351,795

396,538

395,976

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

46


Other Post-Employment BenefÌts Plan

Required Supplementary InformationSchedule of Funding Progress and Employer ContributionsApril30,2012

Funding Progress

ActuarialValuation

Date

April30

(1)

ActuarialValueof Plan

Assets

(2)ActuarialAccruedLiability(AAL)

- EntryAge

(3)Funded

Ratio

(4)Unfunded

(Overfunded)ActuarialAccruedLiability(2) - 0)

(s)AnnualCovered

Payroll

(6)Unfunded

(Overfunded)ActuarialAccrued

Liability as a

Percentage

ofCoveredPayroll(4) + (5)(1) + (2\

Employer Contributions

FiscalYear

N/AN/AN/A112,549

N/AN/A

EmployerContributions

2007

2008

2009

201020tt2012

N/AN/AN/A

N/AN/A

$ $ N/AN/AN/A

0.00%

N/AN/A

N/AN/AN/A112,549

N/AN/A

$ N/AN/ANiA

4,694,939NiAN/A

$ N/AN/AN/A

2,40%N/AN/A

AnnualRequired

ContributionPercent

Contributed

2007

2008

2009

20r020tt2012

N/AN/AN/A

N/AN/AN/A11,922

12,0r912,981

N/AN/AN/A

0.00%

0.00%63.32%

$$

8,219

The Park District implemented GASB Statement No. 45 for the fiscal year ended April 30, 2010. Information

for prior years is not available. The Park District is required to have an acítarial valuation performed trienniallyThe District does not currently have any retirees enrolled in the Plan.

47


General Fund

Schedule of Revenues, Expenditures andChanges in Fund Balance - Budget and ActualYear Ended April 30, 2012

Revenues

Taxes



Interest


Expenditures

General Government

AdministrationMaintenance and Operations

Capital OutlayDebt Service

Principal RetirementInterest and Fiscal Charges

Total Expenditures

Net Change In Fund Balance

Fund Balance - Beginning

Fund Balance - Ending

s 2,775,000

701,765

30,500

13,500

4,600

2,775,000

701,765

30,500

13,500

4,600

2,889,558

560,039

30,307

8,221

1,759

Budgeted Amounts ActualAmountsOriginal Final

3,525,365 3,525,365 3,499,892

1,195,485

1,907,160

61, I 50

390,000

164,300

I,152,3601,952,785

58,650

390,000

164,300

972,5641,659,464

24,329

390,000

163,995

3,718.095 3.718,095 3,210,351

(192,730\ (t92,730\ 279,531

1,856,785

2,136,316

48


Recreation - Special Revenue Fund

Schedule of Revenues, Expenditures and

Changes in Fund Balance - Budget and ActualYear Ended April 30' 2012

Budgeted Amounts ActualAmountsFinal

$ I ,600,000 1 ,600,000 1,597 ,240

Original

Revenues

Taxes

Property Taxes


lOperations

'Adult Recreation

Youth Recreation

Programs for All Ages

Senior Citizens

Special Events

Recreational Services

Lippold Park

Interest

Miscellaneous

Total Revenues

Expenditures

General Government

Recreation

Capital Outlay

Total Expenditures

Net Change in Fund Balance


112,000

139,880

2,012,825

162,885

25,630

62,56026,200

206,610

5,500

29,000

I12,000

i 39,880

2,0r2,8251 62,885

25,630

62,56026,200

206,610

5,500

29,000

84,801

174,324

1,641,13I

I 10,105

18,908

49,321

33,268

183,393

6,397

8,357

4,383,090 4,3 93,090 3,847,252

1,739,895

2,165,945

7,700

1,723,795

2,180,945

8,800

1,555,480

2,054,352

7,264

3,973,540 3,913,540 3.617,096

469,550 469,550 230,156

1,252,295

1Fund Balance - Ending

49


Special Recreation - Special Revenue Fund


Changes in Fund Balance - Budget and ActualYear Ended April 30, 2012

Original FinalActual

Amounts

Budgeted Amounts

Revenues

Taxes

Property Taxes

Interest

Miscellaneous

Total Revenues

Expenditures

Recreation

Salaries and Wages

Contractual Services

Other Expenditures

Total Expenditures




$ 450,000

4,500

5,000

450,000

4,500

5,000

449,235

4,280

4

459,500 459,500 453,519

112,000

17,650

1,249,000

112,000

17,650

1,249,000

59,379

648

358,126

1,378,650 1,378,650 418,153

(919,1s0) (919,1s0) 35,366

1,296,682

1,332.048

50

OTHER SUPPLEMENTARY INFORMATION

Other supplementary information includes financial statements and schedules not required by the

Governmental Accounting Standards Board (GASB), nor a part of the basic financial statements,

but are presented for purposes ofadditional analysis.

Such statements and schedules include:

o Budgetary Comparison Schedules - Major Governmental Funds

. Combining Statements -Nonmajor Governmental Funds

Budgetary Comparison Schedules - Nonmaj or Governmental Funds

Budgetary Comparison Schedules - Enterprise Funds

a

o

COMBINING AND INDIVIDUAL FUNI)FINANCIAL STATEMENTS AND SCHEDULES

GENERAL FUND

The General Fund accounts for all financial resources except those required to be accounted for

in another fund.

SPECIAL REVENUE FUNDS

Special Revenue Funds are created to account for the proceeds ofspecific revenue sources (other

than fiduciary funds or capital project funds) that are legally restricted to expenditure for

specified purposes' Recreation Fund

The Recreation Fund is used to account for the operations of the recreation programs. Financing

is provided primarily from an annual property tax levy, and from fees charged for programs and

activities.

Special Recreation Fund

The Special Recreation Fund is used to account for revenues derived from a specific annual

prop"tty tax levy and expenditures of these monies to the Northern Illinois Special Recreation

Association to provide special recreation programs for the physically and mentally challenged

residents, as well as ADA improvements throughout the District.

Illinois Municipal Retirement Fund

The Illinois Municipal Retirement Fund (IMRF) Fund is used to account for the receipt ofproperty taxes to frtrd puy-ents to the state controlled pension fund and the federally

administered social security program.

Liability Insurance Fund

The Liability Insurance Fund is used to account for the operation of the Park District's insurance

and risk management activities. Financing is provided from an annual property tax levy.

Audit Fund

The Audit Fund is used to account for revenues derived from a specific annual property tax levy

and expenditures of these monies for the annual audit of the Park District.

Natural History Center and Museum Fund

The Natural History Center and Museum Fund is used to account for the operations of the Park

District,s cultural arts programs. Financing is provided by user fees and a specific annual tax

levy.

COMBINING AND INDIVIDUAL FUNI)FINANCIAL STATEMENTS AND SCHEDULES

DEBT SERVICE FUND

The Debt Service Fund accounts for the accumulation of resources for, and the payment of,general long-term debt principal and interest.

CAPITAL PROJECTS FUND

The Capital Projects accounts for all resources used for the acquisition of capital assets exceptthose financed by Proprietary Funds.

ENTERPRISE FUNDS

Enterprise Funds account for operations that are financed and operated in a manner similar toprivate business enterprises where the intent is that costs of providing goods or services to thegeneral public on a continuing basis be financed or recoverod primarily through user charges; orwhere it has been decided that periodic determination of revenues earned, expenses incurredand/or net income is appropriate for capital maintenance, public policy, management control,accountability or other purpose.

Racket Club Fund

The Racket Club Fund is used to account for the operations of the Racket Club, which is an

established proprietary fund. The club offers tennis lessons and memberships which providerevenues to operate the Racket Club.

Golf Learning Center Fund

The Golf Learning Center Fund is used to account for the Golf Leaming Center, which is an

established proprietary fund. The center offers a driving range and mini golf course, These usercharges provide revenues to operate the Golf Learning Center.


General Fund

Schedule of Revenues - Budget and ActualYear Ended April 30, 2012

Original Final

Actual

AmountsBudgeted Amounts

Taxes

Propefi Taxes - Current

Property Taxes - Referendum

Replacement Tax

Total Taxes


CitationsFarm Lease

Reimbursements

Miscellaneous

AquaticFood Service

Rental of Facilities

Equipment Disposal

Park Place

Police

Total Charges for Services


Developer Contributions

Donations and Memorials

Total Grants and Donations

Interest

Miscellaneous

$ 1,500,000

1,200,000

75,000

l,500,ooo1,200,000

75,000

1,497,401

1,326,701

65,456

2,775,000 2,775,000 2,889,558

22,000

7,20041,500

250

23 1,885

215,630

29,0002,000

135,800

16,500

22,000

7,20041,500

250

23 I,885

215,630

29,0002,000

135,800

16,500

26,741

7,200

41,528

23

186,770

143,420

26,365

r,025

120,621

6,945

701,765 701,765 560,038

25,000

5,500

25,000

5.500

18,909

I 1.398

30,500 30,500 30,307

13,500 13,500 8,221

4,600 4,600 1,758

Total Revenues

51

3,525,365 3,525,365 3,489,882


General Fund

Schedule of Expenditures - Budget and Actual

Year Ended April30' 2012



General Government

Administration

Salaries and Wages

Director

Business Manager

Superintendent of Parks

Office StaffClerical - Part-Time

Public Relations Coordinator

Bookkeepers

Park Planner

Human Resources

FICA/Medicare

$ 45,000

51,000

24,200

60,000

14,000

9,600

41,000

62,00034,800

275,000

45,000

51,000

24,200

60,000

14,000

9,600

41,000

62,000

34,800

250,000

40,496

50,517

24,123

55,516

8,037

9,781

38,653

61,189

35,234

271,150

616,600 591,600 534 696


ElectricityHeat

Water/Sewer

Communication

Professional Services

Computer Programming ExPense

Maintenance Agreements

Office Equipment Lease

Security System

Legal Fees

Subscriptions

Dues

Education/Seminars

Miscellaneous

Miscellaneous Bank Charges

IT Service

Unemployment Benefits

47,000

20,000

3,500

20,000

20,000

25,000

12,250

4,100

1,360

35,000

250

6,650

5,000

7,750

8,000

15,000

1,500

40,000

20,000

12,000

27,000

10,000

15,000

12,250

4,100

1,360

35,000

250

6,650

5,000

7,750

8,000

15,000

7,500

36,609

14,790

10,453

27,253

9,09611,627

10,835

3,671

1,172

29,071

118

6,142

1,561

5,1324,9r7

10,800

7,462

52

CRYSTAL LAKE PARK DISTRTCT, TLLINOTS

General Fund

Schedule of Expenditures - Budget and Actual - Continued




General Government - Continued

Administration - Continued

Contractual Services - Continued

Special Event Insurance

Office Equipment Repairs

Postage

CommoditiesMiscellaneousSafety Equipment

AdvertisingLegal Ads

Printing

CoffeeResource Materials

Blueprints

Drafting Supplies

Office Supplies

Office Equipment

Computer Software

Computer Hardware

Computer Repair Parts

Insurance

Insurance/Health

4,000

750

7,500

1,683

153

4,291

$ 4,000

750

7.s00

244,6t0 239,110 196,836

2,000

6,000

4,000

2,500

5,000

1,750

2,000

500

500

12,500

6,000

2,5002,500

s00

2,000

6,000

4,000

2,500

5,000

2,500

2,000

s00

s00

12,500

6,000

2,5002,500

500

1,376

3,943

1,200

1,484

674

2,776

26t24

89

8,934

3,321

528

455

48,250 49,000 24,465

265,000 25t,575 202,473

53


General Fund


Year Ended April30, 2012

Original Final

Actual




Other Expenditures

Real Estate Taxes

Miscellaneous

Meetings/Conferences

Traveling Expenditures

Cash Over/Short

$ 1,500

6,000

10,500

3,000

25

1,550

6,000

10,500

3,000

25

1,549

3,087

7,293

2,115

50

2r,025 21,075 14,094

1,195,485 t.152,360 972,564Total Administration

Maintenance and Operations

Park Maintenance

Salaries and rù/ages


Park Supervisor

Building Supervisor

Grounds Supervisor

Maintenance Supervisor of Facilities

Maintenance StaffNature Center Manager

Part-Time Maintenance

Building Custodian


Building/Woodscreek

Building/Main Beach

Building/Garage

Building/WestBuilding/AcresBuildingÆarm

29,000

50,500

5,000

41,200

35,800

402,300

13,500

70,000

40,875

29,000

50,500

5,000

41,200

35,800

402,300

13,500

70,000

40,875

28,947

50,059

1,629

40,916

35,375

317,793

13,445

64,812

36,265

688,175 688, I 75 588,641

2,000

8,000

5,500

1,800

1,800

4,000

2,000

8,000

5,500

1,800

1,800

4,000

920

4,937

4,14r277

892

7,676

54

CRYSTAL LAKE PARJ( DISTRICT, ILLINOIS

General Fund



Original Final

Actual



Maintenance and Operations - Continued

Park Maintenance - Continued


Building/SpoerlBuilding/Administrative Center

Building/RotaryBuildingÆark Place

Building/Grand Oaks

Building/Colonel Palmer House

Building/Police Headquarters

Garbage Disposal

Communication

Contractual MowingTree Care/Replacement

Equipment Rental

Education/Seminars

LightingEquipment Repairs

Mower Repairs

Truck Repairs

Auto Repairs

Radio Repairs

Traffic Signal Maintenance

$ 1,200

8,500

4,000

3,70010,200

800

700

9,200

5,000

15,500

17,000

3,400

16,200

400

8,500

6,500

12,000

1,400

800

6,300

1,200

12,000

5,000

3,700

10,200

800

700

9,200

7,000

15,500

18,000

5,000

16,200

400

8,500

6,500

15,000

1,400

800

3,000

280

10,969

4,564

3,428

3,109

332

386

6,081

6,570

1I,23216,980

4,141

11,932

355

8,727

4,488

13,346

92

1,476

154,400 163,200 120,605

Commodities

Crystal Castle Playground

Land Improvement Materials

Auto Parts and Repairs

Expendable Tool and Shop Supplies

Mechanic Tools/Supplies

Gas and Diesel Fuel

200

8,500

500

8,700

1,800

68,000

s00

8,500

500

8,700

1,800

83,000

111

5,646

s63

8,874

1,233

90,770

55


General Fund








Commodities - Continued

Lubricants and Motor OilSafety Equipment

State Inspection and Licensing

Janitorial Supplies

Recycling Program

Office Supplies

Holiday Decorations

Snow and Ice Control

Park Signage

Tires and Tubes

Electric Supplies

Paint Supplies

Sign Materials

Picnic Table Repair MaterialFasteners

Equipment Repair Parts

Boat Equipment/Service/Repair

Mower Repair Parts

Truck Repair Parts

Radio/Communication Equipment

UniformsSeed

FertilizationInigation Repairs

Uncapitalized Improvements

Building/Sternes

Building/Woodscreek

BuildingMain Beach

Building/Garage

190, I 50 211,675 198,427

$ 3,300

5,100

850

8,500

3,000

3,800

500

8,000

2,500

6,500

400

1,200

1,200

3,300

4,400

7,700

1,500

15,000

7,000

3,000

5,800

3,300

1,600

5,000

3,300

5,100

850

8,500

4,200

1,500

52s

8,000

3,500

6,500

500

1,200

4,000

3,300

5,500

9,500

1,500

15,000

7,500

3,000

5,800

3,300

1,600

5,000

1,722

4,292

818

6,276

4,159

468

s08

5,541

2,744

6,730

409

1,154

3,615

3,519

5,786

11,029

1,224

13,592

7,213

49r3,467

3,300

968

2,094

500

1,000

7,000

9,900

329

1,205

4,991

6,692

56

s00

1,400

7,000

9,900


General Fund


Year Ended April30, 2012






Uncapitalized Improvements - Continued

Building/WestBuilding/AcresBuildingÆarmBuilding/Spoerl

BuildingiAdministrative Center

Building/RotaryBuildingÆark Place

Building/Grand Oaks

Building/Lippold Storage

Building/Colonel Palmer House

BuildingÆolice Headquarters

Grounds/Main

Grounds/West

Grounds/AcresNeighborhood Parks - NorthGroundsÆarm

Grounds/Stemes - Stritzel

Grounds/LippoldGrounds/Sund Ballfield Complex

Grounds/Soccer Fields

Grounds/Spoerl

Neighborhood Parks - South

Grounds/Fertzner

Grounds/Four Colonies

Grounds/Woodscreek

Grounds/Sam Johns

$ 7,200

2,500

3,300

1,800

6,500

8,500

4,500

2,000

5,500

1,500

1,000

8,500

3,200

5,500

8,000

3,500

2,400

15,000

6,000

8,000

900

7,000

1,000

4,000

4,000

1,000

1,200

2,500

3,300

1,800

6,500

8,500

6,000

3,7006,000

1,500

1,000

12,000

3,20010,000

8,500

3,500

2,400

15,000

6,000

8,000

900

7,500

7,200

4,000

4,500

1,000

338

2,05rr,7321,004

5,364

7,830

7,902

3,551

5,899

1,408

1l11,576

2,575

10,042

8,225

1,347

1,666

13,975

5,972

7,838

348

7,063

1,220

3,068

4,209

39

57


General Fund



Original Final

Actual





Uncapitalized Improvements - Continued

Grounds/FeinbergGroundsÆ(en BirdGrounds/Palmer House

Grounds/Willows Edge

Grounds/Grank Oaks

Other Expenditures

Memorials

Vandalism Repair

Total Park Maintenance

Police

Salaries and Wages


Commodities


Maintenance and Repair

Total Police

7,000 8,000 4,797

1,184,025 r,229,350 1,046,393

$ 3,500

2,500

800

1,000

800

3,500

2,500

1,000

1,000

1,241

1,403

1,012

450

348800I144,300 15 8.300 133,923

5,000

2,000

5,000

3,000

2,1142,683

66,065

28,875

6s0

11,050

4,700

66,06529,375

650

11,050

5,000

59,069

22,227

522

5,688

4,553

111,340 t12,740 92,059

58


General Fund







AquaticSalaries and Wages


CommoditiesMaintenance and Repair

Other Expenses

Total Aquatic

Food Service

Salaries and Wages


Commodities


Other Expenses

Total Food Service

Park Place

Salaries and Wages


CommoditiesInsurance


Other Expenses

Total Park Place

161,540 161,540 116,358

$ 282,480

3,000

24,700450

5,075

280,9903,000

25,690450

5.075

258,6t72,223

74,152

I4,818

315,705 315,205 279,8r8

I

51,300

3,225

06,215

s00

300

48,630

3,925

108,185

500

300

41,277

2,695

72,522

(136)

70,40019,950

28,70014,000

1,500

72,40025,950

29,9754,725

1,500

66,44023,243

29,591

4,700

1,188(326)'

134,550 134.550 t24,836

Total Maintenance and Operations

59

1,907,160 1,952,785 1,659,464


General Fund

Schedute of Expenditures - Budget and Actual - Continued




Capital OutlayAdministration

Park Development

Police

AquaticFood Service

Park Place

Total Capital Outlay

Debt Service


Interest and Fiscal Charges

Total Debt Service

Total Expenditures

$ 3,000

25,000

10,500

20,4001,000

1,250

3,000

22,00010,500

20,900

1,000

1,250

885

7,439

2,573

12,626

805

61,150 58,650 24,328

390,000

164,300

390,000

164,300

390,000

163,99s

554,300 554,300 553,995

3.718.095 3.7 18.09s 3.2t0.351

60

CRYSTAL LAKE PARK DISTRTCT, TLLTNOTS


Schedule of Expenditures - Budget and ActualYear Ended April 30, 2012

Original Final

ActualAmounts

Budgeted Amounts

General Government

AdministrationSalaries and Wages

DirectorBusiness Manager

Superintendent of Recreation


Office StaffClerical - Part-Time

Recreational Supervisors

Public Relations Coordinator

Bookkeepers

Maintenance Supervisor of Facilities

Maintenance StaffPark Planner

Assistant Superintendent of Recreation

Part-Time Recreation


Part-Time MarketingBuilding Custodian

Human Resources

Slope/Skate Guards


Scholarship

Gift Certificates Redeemed

Employee Discount

Garbage Disposal

ElectricityHeat

Water/Sewer

Communication

Cable

947,275 947,275 883,617

$ 45,000

41,000

86,000

19,400

60,000

13,000

110,000

28,600

41,000

15,000

238,40017,700

64,200

22,500

30,000

40,000

61,375

11,600

2,500

45,000

41,000

86,000

19,400

60,000

13,000

110,000

28,600

41,000

15,000

238,400

17,700

64,20022,500

30,000

40,000

61,375

11,600

2,500

40,495

40,594

84,930

19,298

55,513

8,036

117,908

29,343

38,652

15,161

194,062

17,483

66,410

24,719

28,551

34,462

55,436

11,745

819

2,000

200

7,500

7,750

50,000

25,000

3,500

20,000

1,500

2,000

200

32,000

8,500

50,000

25,000

12,000

27,000

1,500

479(34)

30,637

8,242

39,930

16,826

10,449

27,283

1,282

61










Computer Programming Expense



Security System

Legal Fees

Subscriptions

Dues

Education/Seminars

Miscellaneous


First Aid - BuildingsIT Service


Office Equipment Repairs

Postage

CommoditiesMiscellaneous

Gas and Diesel Fuel

Safety Equipment

Janitorial Supplies

Public Information Supplies

AdvertisingLegal Ads

Employment Ads

Printing

Coffee

Resource Materials

Office Supplies

s

24 000

257 990

25,000

12,250

4,100

2,240

11,000

250

6,000

9,000

2,000

25,000

200

15,000

5,000

s00

1,500

18,200

4,400

13,800

13,610

8,700

1,800

s00

45,700

1,750

400

12,500

15,000

500

24,000282,290

15,000

15,000

4,100

2,240

11,000

250

6,000

4,000

2,000

25,000

1,500

26,0004,400

13,800

13,610

8,700

1,800

s00

35,7002,500

400

12,500

10,800

153

l8 627

237 031

11,564

13,376

3,671

2,179

8,210

tt75,623

3,3821,046

23,789

l,ll724,654

343

9,855

12,353

7,358

1,103

150

34,4822,163

296

8,890

62










Office Equipment

Computer Software

Computer Hardware


Uniforms

Insurance

Insurance/Health

Other Expenditures

Miscellaneous

Meetings/Conferences


Cash Over/Short

Total Administration

Police

Salaries and Wages

Clerical - Part-Time

Park Police StaffPart-Time Police

Full-Time Police

$ 6,500

2,500

1,500

500

3,000

6,500

2,500400

500

3,000

3,321

1,096

394

2,058

136,860 134,310 109,633

315,000 276,350 249,210

5,000

8,000

4,500

50

5,000

9,000

4,500

50

3,644

7,903

3,458(89)

17,550 17,550 14,916

r,674,675 1,657.775 r,494,407

4,080

19,600

10,815

20,600

4,080

19,600

10,815

20,600

3,696

19,3 8l9,286

20,801

63

55,095 55,095 53,164



Schedule of Expenditures - Budget and Actual - ContinuedYear Ended April 30, 2012


Amounts

Budgeted Amounts

General Government - ContinuedPolice - Continued


Education/Seminars

Physical Examinations

Recreation

Adult Recreation

Salaries and Wages


Commodities

Commodities

Office Supplies


Security Equipment

Membership and TrainingCommunication Equipment

Maintenance and Repairs

Communication Equipment Repair

Vehicle Maintenance

Snowmobile/ATv Repairs

Total Police

Total General Government

3,384

3,700 4,500 3,384

65,220 66,020 61,073

1,739,895 7,723,795 1.555,480

700

2,700

300

700

3,500

300

$ 200225

200

225 220

425 425 220

250 250 r52

1,500

2,000

2,250

1,500

2,000

2,250

600

1,550

2,003

5 750 5 750 4,153

46,865

34,390

13,825

46,865

34,390

13,825

46,372

23,942

4,492

Total Adult Recreation

64

95,080 95,080 74,806




Original Final

Actual


Recreation - ContinuedYouth Recreation

Salaries and Wages


Commodities

Total Youth Recreation

Programs for All Ages

Salaries and Wages


Commodities

Senior CitizensSalaries and Wages


Commodities

Total Senior Citizens

Special Events

Salaries and Wages


Commodities

Total Special Events

Recreational Services

Commodities

$ 985,685

449,535

95,635

985,685

449,535

95,635

997,288480,571

92,407

1,530,855 1,530,855 r,570,266

24,870

85,340

11,925

24,870

85,340

11,925

17,027

56,555

5,007

Total Programs for All Ages 122,135 122,135 78,589

4,755

8,550aJ 780

4,755

8,550

4,573

8,844

3,917

17,334

J 780

17,085 17,085

4,25514,870

26,670

4,25514,870

26,670

2,370

8,578

33,450

45,795 45,795 44.398

65

25,900 37,000 32,152




Year Ended Aprit 30' 2012

Original Final

ActualAmounts

Budgeted Amounts

Recreation - Continued

Lippold Park Complex

Salaries and Wages


$ 202,355

56,760

53,780

15,500

700

203,355

58,260

55,180

15,500

700

168,686

27,343

33,780

6,778220

Commodities


Maintenance and Repairs

Total Lippold Park Complex

Total Recreation

Capital Outlay

Administration

Total Expenditures

329,095 332,995 236,807

2,165,945 2,180,945 2,054,352

7,700 8,800 7,264

3.913.540 3,913.540 3.617.096

66


Debt Seruice Fund




955,915

1,060

56

959,500 959,500 957,031

Revenues

Taxes

Property Taxes

Interest


Expenditures

Debt Service



Total Expenditures




Debt Issuance

Transfers Out




$ 958,000

1,500

958,000

1,500

1,018,020

113,860

1,018,020

1 13,860

1,018,020

I13,310

1,131,880 1, 131.880 1,131,330

(t72,380\ ( 172,380\ (174,299)

594,315594,000(419.700)

594,000

419.700) øt9 700)(

174,300 174,300 174,615

r.920 r.920 3t6

38,962

39,278

67


Capital Projects Fund



Budgeted Amounts ActualAmountsFinal

$ 11,250

3,4641,000

3,000 3.000 15,714

263,500

1.087.285

263,500

1,087 .285 786.038

1,350,785 1,3 50,785 786,038

(t,347,785) (1,347,785) (770,324)

419,700 419,700 4t9,700

(928,085) (928,08il (350,624)

J2J2,sw

Original

Revenues

IntergovernmentalGrant Income

Interest


Expenditures

General Government


Capital OutlayTotal Expenditures



Other Financing Sources

Transfers In




3,000 3,000

68


Combining Balance Sheet

Nonmajor Governmental - Special Revenue FundsApril30,2012

See Following Page


Combining Balance Sheet

Nonmajor Governmental - Special Revenue Funds

April30,2012


Receivables - Net of Allowances

Property Taxes

Other

Prepaids

Total Assets

LiabilitiesAccounts Payable

Accrued Payroll


Total Liabilities

Fund Balances

Nonspendable

Restricted

Total Fund Balances

ASSETS

LIABILITIES ANDFUND BALANCES

IllinoisMunicipalRetirement

$ 237,472

198,506

435,978

20,717

198,506

2r9,223

216,755

216,755

Total Liabilities and Fund Balances

69

435,978

Special Revenue Funds

LiabilityInsurance Audit

NaturalHistory

Center and

Museum

Total

Nonmajor

Governmental

Funds

143,597

347,370

5,7 5l

16,879

201,258

168,730

642

74

588,078

731,485

642

30,41430,340

521,307 22,630 370.704 1.3s0.619

12,452

3,300

347,369 16,879

3,145

3,319

169,34g

36,314

6,619

732,102

363,121 16,879 175,812 '775,035

30,340

127,846 5,751

74

l g4,8l830,4r4

545,170

I 58,1 86 5,751 194,892 575,584

s2r.307 22,630

70

370.704 1.3s0.619


Combining Statement of Revenues, Expenditures and Changes in Fund Balances

Nonmajor Governmental - Special Revenue Funds


Revenues

Taxes



Interest


Expenditures

Current

General Government

Recreation

Total Expenditures


Fund Balances - Beginning

Fund Balances - Ending

IllinoisMunicipalRetirement

s 99,826

520

100,347

26t,555

261,555

(161,208)

377,963

216.755

71


LiabilityInsurance Audit

NaturalHistory

Center and

Museum

Total

Nonmajor

Governmental

Funds

349,389 12,976 179,685

33,293

7,98r916

1,1 81

641,876

33,293

7,981

2,030

2,685s94

1,503

351,486 12,976 223,056 687,865

315,018 15,600 592,773

2t3,917213,917

3 15,01 8 15,600 2t3,9r7 906,090

36,468 (2,624) 9,139 (118,225)

693,809l2l,7l8 8,375 185,753

1 58.1 86 5.7 5t 194.892 s75.584

72


IllinoÍs Municipal Retirement - Special Revenue Fund




99,826

s20

1

100,500 100,500 100,347

300,000 300,000 261,555

(199,s00) 099.500) (161,208)

377,963

216,7s5

Revenues

Taxes

Property Taxes

Interest


Expenditures

General Government

IMRF Participating




$ 100,000

s00

100,000

s00

73


Liability fnsurance - Special Revenue Fund


Changes in Fund Balance - Budget and ActualYear Ended April 30,2012

Original Final

Actual

Amounts

Budgeted Amounts

Revenues

Taxes

Property Taxes

Interest

Miscellaneous

Total Revenues

Expenditures

General Government

Salaries and Wages


Commodities

Insurance

Other Expenditures

Total Expenditures




$ 350,000

s00

3,500

350,000

s00

3,500

349,389

594

1,503

354,000 354,000 351,486

140,780

9,500

1,500

179,000

s00

139,880

6,000

1,500

183,400

s00

129,278

2,969

5s6

l82,lt5100

33t,280 337,280 315,018

22,720 22,720 36,468

l2l,718

1 58,1 86

74


Liability Insurance - Special Revenue tr'und




General Government

Salaries and Wages

Safety CoordinatorRisk Manager

Loss Prevention AwardPolice

$ 26,900

6,600

25,750

6,600

250

107,280

19,938

5,400

50

103,890107,280

140,780 139,880 129,278


Education/Seminars

Physical Examinations

Commodities

Safety Coordinator Supplies

Insurance

InsurancelProperty

Insurance/Liability

InsuranceÆmployment Practice

Insurance/Pollution LiabilityWorker's Compensation

Deductible

Other Expenditures

Loss Prevention Program

179,000 183,400 182,115

s00 500 100

3,000

6,500

3,000

3,000

474

2,495

9,500 6,000 2,969

1,500 1.500 556

58,000

35,000

12,500

2,500

68,000

3,000

61,000

35,20012,500

2,500

69,200

3,000

60,986

35,r1212,493

2,105

69,149

2,270

Total Expenditures

75

331,280 331,280 315,018


Audit - Special Revenue Fund





Revenues

Taxes

Property Taxes

Expenditures

General Government

Audit




$ 13,ooo 13,000 12,976

16,000 16,000 15,600

(3,000) (3,000) (2,624)

8,375

5.751

76


Natural History Center and Museum - Special Revenue Fund


Changes in Fund Balance - Budget and ActualYear Ended April30' 2012

Budgeted Amounts Actual

AmountsFinal

$ 180,000 180,000 179,685

Original

Revenues

Taxes

Property Taxes


Operations

Progtams


Interest

Miscellaneous

Total Revenues

Expenditures

Recreatiort

Programs

AdministrationCapital Outlay

Total Expenditures




Merchandise

50

500

28,350

5,500

800

500

50

s00

28,350

5,500

800

500

27

193

33,073

7,981

9t6l8l

215,700 215,700 223,056

20,175

214,075

500

22,700

211,550

s00

16,865

197,052

234,750 234,750 213,917

(19,050) (t9,050) 9,139

194,892

77





Amounts

Budgeted Amounts

Recreation

Programs

Salaries and Wages

Birthday Parties

Nature Programs

Brochure Programs

Nature Programs/Outside Groups

Palmer House Programs



CommoditiesBirthday Parties

Nature Programs

Brochure Programs


Total Programs

Administration

Salaries and Wages


Intern

Nature Center ManagerPart-Time StaffNature Center Assistant

3,500

5,800

2,000

4,700475

3,500

6,800

2,000

4,7002,000

$

16,475 19,000

2,166

6,958

679

2,314704

13,821

I

250 2s0

800

1,500

300

8s0

800

1,500

300

8s0

510

1,558

976

3,450 3,450 3,044

20,175 22,700 16,865

9,700

3,600

40,300

30,000

31,400

9,700

40,300

36,000

31,400

9,649

40,334

39,665

31,256

78

I 15,000 117,400 120,904


Natural Historl Center and Museum - Special Revenue Fund




Recreation - Continued



BuildingÀ{ature Center

Scholarship


Employee Discount

Garbage Disposal

ElectricityHeat

Water/Sewer

CommunicationSubscriptions

Dues

Education/Seminars


Postage

CommoditiesLand Improvement Materials

Naturalist's Supplies

Janitorial Supplies

Exhibits

AdvertisingOffice Supplies

Computer Software

Computer Hardware

Gift Shop

Uniforms

Animal CarelSupplies

Greenhouse Supplies

Sales Tax

s 2,500

50

50

100

2,200

9,300

4,900

500

2,100200

850

500

250

150

3,000

50

50

100

2,200

8,300

4,900

500

2,300

8s0

1,948

7,400

3,327

518

2,237

2,782

524

lt4250

150

22,650 22.650 18,850

1,500

2,000

1,100

2,000

500

700

1,000

1,000

s00

600

4,000

7,000

50

1,500

2,000

1,100

2,000

500

850

1,000

1,000

500

600

5,000

7,000

50

779

1,144

974

53

7s9

155

3l241

4,815

5,168

12

79

21,950 23. I 00 14,731





Amounts

Budgeted Amounts

Recreation - ContinuedAdministration - Continued

Insurance

IMRF ParticipatingIMRF Non-ParticipatingInsurance/Health

Capital OutlayEquipment Purchase

Total Expenditures


BuildingÀtrature Center

GroundsÀ{ature Center

Grounds - Babington Memorial Garden

Miscellaneous Supplies

Donation/Projects

Other Expenditures


Cash Over/Short

Total Administration

3,ooo

2,000

300

s00

3,000

2,000

300

1,500

$ I1,000

11,000

21,000

11,000

11,000

19,425

12,276

10,306

17,549

43,000 41,425 40,13 I

5 s00

I1,300 6,800

1,085

677

1,277

3,039

150

25

150

25 (3)

175 175 (3)

214,075 211,550 t97,052

500 500

234,750 234,750 213,917

80


Racket Club - Enterprise Fund

Schedule ofRevenues, Expenses and

Changes in Net Assets - Budget and ActualYear Ended April 30, 2012

Budgeted AmountsOriginal Final

ActualAmounts

Operating Revenues


Operations

Merchandise

Programs


Operating Expenses

Progtams

Operations

Depreciation



Nonoperating Revenues (Expenses)

Interest Income

Interest Expense



Net Assets - Ending

$ 1,842,600

13 1,300

33,500

1,842,600

13 1,300

33,500

7,194,754

137,413

24,313

2,007,400 2,007 .400 1.356,480

16,77 5

1,604,975

t6,7751,604,97 5

13,051

l,36g,02l96,062

1,621,7 50 1,621,7 50 1,477 ,134

3 85,650 385,650 (t20,654)

3,1 00

(16,300)3,1 00

( 16,300)

2,142(12,944)

( 13,200) 13,200)( (10,802)

372,450 372,450 (131,456)

2,552,500

2.421.044

8l

CRYSTAL LAKE PARK DISTRICT' ILLINOIS

Racket Club - EnterPrise Fund

Schedule of Operating Expenses - Budget and Actual

Year Ended April30,2012 .

Original Final

Actual

Amounts

Budgeted Amounts

Programs

Salaries and Wages

Summer Tennis

McHenry County Classic


Summer Tennis


CommoditiesSummer Tennis


Total Programs

Operations

Salaries and Wages

Director

Business Manager


Offlrce StaffManager

Public Relations DirectorProfessional Salary

Bookkeeper

Grounds Supervisor

Assoc. Pro Lessons

Front Desk

Operations Assistant

Events/League Salaries

Maintenance Staff

Desk/Playroom SuPervisor

I 1,000

500

I 1,000

s00$ 8,495

I 1,500 1 1,500 8.49s

50

t2550

125 t22

175 t75 t22

2,100

3,000

2,100

3,000

1,907

2,527

5,1 00 5,1 00 4,434

16,77 5 16,77 5 13,051

12,000

10,000

9,70010,000

78, I 00

9,600

l3 8,000

8,700

2,600

1 15,000

50,000

8,000

3,000

74,500

39,600

12,000

10,000

9,700

10,000

78,100

9,600

140,000

8,700

2,600

I 15,000

50,000

8,000

3,000

70,000

39,600

r0,737

9,985

9,589

1 0,198

78,750

9,709

153,567

8,867

2,544

109,704

54,967

7,218

2,835

64,407

40,721

82



schedule of operating Expenses - Budget and Actual - continued

Year Ended April 30,2012

Original Final

ActualAmounts

Budgeted Amounts

Operations - Continued

Salaries and Wages - Continued

Assistant Manager

Pro Shop Coordinator

Park Planner

Playroom Attendant

Racket Repair


Tennis DirectorSenior Program Coordinator

Junior Program Coordinator

Adult League Coordinator

Human Resources

Police

$ 62,50024,300

8,900

4,600

11,000

11,000

60,400

1,700

500

I1,200

I 1,600

13,400

62,500

24,300

8,900

4,600

I1,000

17,000

60,400

3,000

500

10,000

I 1,600

13,400

63,766

26,323

8,814

4,342

12,284

17,439

5 8,83 5

2,556

tt78,864

I1,880

12,617

789,900 793,500 801,63 5


Scholarship


Employee Discount

Garbage Disposal

ElectricityHeat

CommunicationProfessional Services

Computer Programming ExPense

Cleaning Services



Security System

Legal Fees

Subscriptions

Dues

Equipment Rental

Education/Seminars

Laundry/Linen

50 5

27

50

100

1,600

78,000

16,000

9,000

6,500

20,000

1,500

11,000

4,000

3,500

1,000

50

2,800

200

300

1,500

100

1,750

70,000

16,000

9,000

500

10,000

1,500

I 1,100

6,000

4,000

1,735

64,865

13,963

9,340180

6,801

62s

11,380

6,043

3,825

50

2,800

200

300

1,500

2,679

l51,289

83





Original Final

Actual

Amounts

Budgeted Amounts



Miscellaneous


IT Service

Postage

Collection Fees

CommoditiesPlayroom Expense

First Aid/Safety

Advertising

Locker Room Supplies

Printing

Trophies

Supplies - Other

Supplies - Teaching and Courts

Offlrce Supplies

Office Equipment

Computer Software

Team Matches

Computer Hardware

Adult Event Expense

Parties

Senior Programs

Adult In-Club Leagues

Team Practice

Group Lessons

Junior Events

Outdoor ActivityJunior In-Club League

Tournaments


Paper Products

$ 500

12,000

4,000

10,000

100

500

15,750

4,000

10,000

100

36415,048

3,600

8,389

56

183,700 165,200 150,229

100

1,200

5,000

1,200

5,500

800

200

4,000

s00

1,200

1,800

1,200

200

100

200

1,400

50

3,500

800

50

800

1,000

300

2,500

100

1,700

5,000

1,200

4,000

1,300

200

4,000

s00

2,000

2,400200

100

200

1,400

50

3,500

800

50

800

1,000

300

3,000

1,616

4,700

891

2,804

1,671

58

1,803

3,404240

2,1422,378

70

27

5

1,583

3,177

434

24

890

176

84

3,344





Original Final

Actual

Amounts

Budgeted Amounts



Vending - Coffee

Uniforms

$ 1,400

1,000

2,500

250

2,I45162

36,000 36,550 33,744

Insurance

IMRF Participating

IMRF Non-Participating

Insurance/PDRMA

InsuranceÆIealth

Unemployment Insurance


Building Repair - Contractual

Equipment Repair - Contractual

FurnitureÆixtures


Land Improvement

Building Repair

Preventive Maintenance

Tools

Equipment Repair

Janitorial Supplies

Lighting Supplies

New Maintenance EquiPment

Office Equipment Repair

Grounds Maintenance

55,000

60,000

24,000

103,000

s00

55,000

60,000

24,600

103,000

s00

60,643

62,104

24,524

97,196

242,500 243,100 244,467

700

1,500

700

I,500

7,576

650

1,3 80

2,200 2,200 9,606

9,000

239,000

300

600

700

1,200

1,800

600

250

2,000

I1,000

235,450

300

600

700

1,200

2,500

600

250

2,000

10,351

20,074

466

474

629

2,508

50

6

1,225

85

254,450 254,600 35,783


Racket Ctub - EnterPrise Fund


Year Ended Aprit 30' 2012

Original Final

ActualAmounts

Budgeted Amounts


Pro Shop

Tennis Balls

Ladies ClothingMen's ClothingChildren's ClothingShoes

Rackets

T-Shirts/Sweatshirts

Tennis Bags

Miscellaneous Clothes

Accessories

Overwraps (Taxable)

Sales TaxRacket Repair SuPPlies

Other Expenses

Miscellaneous

Donations

MeetingsiConferences

Traveling Expense

Cash Over/Short

$ 7,200

16,000

2,000

1,200

9,500

11,000

500

1,000

2,000

1,700

1,800

6,000

9,500

7,20017,000

2,000

2,500

9,500

17,000

1,200

2,000

2,000

1,800

1,800

7,500

I 1,000

7,91417,535

2,236

2,273

15,296

18,366

898

1,578

2,134

1,492

1,373

7,212

11,188

69.400 82,500 99,495

2,200200

100

1,300

25

2,200

200

100

1,800

25

1,303

l4t

1,613

5

3,825 4,325 3,062

Debt Service



420,000

16,300

420,000

16,300

355,000

72,944

436,300 436,300 367,944

Less Nonoperating Items

86

(436,300) (436,300) (367,944\





Original Final

ActualAmounts

Budgeted Amounts


Capital OutlayBuilding Improvement

Equipment

Depreciation

Total Operating ExPenses

Less Capital Assets Capitalized

Total Operations

23,000 23,000 195,962

(195,962',

23,000 23,000

r,604,97s 1,6 04,975 1,368,021

96,062

$ 10,000

13,000

10,000

13.000

I 86,1 87

9,775

I 1 750 62t 7 0 77 134I

87


Golf Learning Center - Enterprise X'und

Schedule ofRevenues, Expenses and

Changes in Net Assets - Budget and ActualYear Ended April30, 2012


Amounts

Budgeted Amounts

Operating Revenues


Operations

Merchandise


Operating Expenses

Operations

Depreciation



Nonoperating (Expenses)

Interest Expense



Net Assets - Ending

$ 181,430

10,300

191,430

10,300

l16,l845,417

r9r,730 191,730 l2r,60l

116,685 116,685 90,102

38,669

I16,685 116,685 128,77 t

75,045

(4,630)

75,045

(4,630)

('t,t70)

(4,628)

70,4r5 70,415 (l1,798)

526,0r3

514,215

88



Schedule of Operating Expenses - Budget and ActualYear Ended April 30, 2012

Budgeted AmountsOriginal Final

ActualAmounts

Operations

Salaries and Wages

Manager

Assistant Manager

Professional Lessons

Maintenance StaffRange AttendantMini Golf League

$ I 1,730

17,000

6,10011,900

9,70075

11,730

17,000

6,700

9,825

9,700

75

12,141

18,843

2,728

3,696

9,828

57,105 55,030 47,236

Conhactual Services

Senior Discount

Scholarship

Employee DiscountGarbage Disposal

ElectricityWater/Sewer

Communication

Coupons

Security System

Miscellaneous


Postage

Golf Swap

Commodities

Miscellaneous Concession Product

Land Improvement MaterialsMiscellaneous

Gas and Diesel Fuel

Janitorial Supplies

400

100

300

1,000

13,000

2s0

1,000

8,000

1,000

300

1,750

50

100

400

100

300

1,500

13,000

250

1,000

8,000

1,650

300

1,750

50

100

416

2t41,256

11,953

148

878

2,259

1,610

1,398

27,2s0 28,400 20,132

3,000

1,500

300

r00

50

3,000

1,500

300

100

50

3,354

89

t4t


Golf Learning Center - Enterprise tr'und

Schedule of Operating Expenses - Budget and Actual - ContinuedYear Ended April30, 2012


Amounts

Budgeted Amounts


Commodities - ContinuedAdvertising

PrintingGolf BallsMini-GolfRegister Bank

Office Supplies

Uniforms

Seed

FertilizerSales Tax

Mini Golf League

$ 1,000

2503,000

750630

75

300

300

300

500

25

1,000

2s03,000

1,500

630

250

300

300

300

500

25

937

2,690

1,459

630

273

r74

78

412

U ncapitalized Improvements

Building Repair - Contractual

Facility Repair - Mini GolfGrounds


Building Repair

Grounds Maintenance

Equipment RepairEquipment Repair - Mini GolfFacility Repair - Mini Golf

Pro Shop

Club Repair Supplies

Sales Inventory

t2 080

1,750

1,000

2,000

l3,005 10,138

2,412

189

2,500

1,000

2,000

4,750 5,500 2,601

2,000

1,500

2,000

1,500

6,500

2,000

1,500

500

2,500

6,500

2,0002,009

505

2,319

2,15413,500 13,000 8,986

50

75050

1,000 911

90

800 1,050 911



Schedule of Operating Expenses - Budget and Actual - ContinuedYear Ended April 30, 2012


Amounts

Budgeted Amounts


Other Expenses

Donations

Cash Over/Short

Debt Service



Less Nonoperating ltems

Capital Outlay

Furniture/Fixtures

Equipment Purchase

Equipment

$

100 100

150

(r00)100 100 50

65,000

4,63065,000

4,63065,000

4,62969,630 69,630 69,628

(69,630) (69,630) (69,628)

200

400 6,67800 600 6,678

(6,630)

116,685 116,695 90,102

39,669

116,685 116,685 128,771

200

500

400

I

Less Capital Assets Capitalized

Total Operations

Depreciation


91

SUPPLEMENTAL SCHEDULES


Schedule of Long-Term Debt Requirements

General Obligation Limited Bonds of 19984April30,2012

Date of Issue

Date of MaturityAuthorized Issue

Denomination of Bonds

Interest Rates

Interest Dates

Principal Maturity Date

Payable at

July 30, 1998

December 30,2072s1,800,000

$5,0004.7s% - 6.t2s%June 30 and December 30

December 30

The Depository Trust Company

CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS

Requirements Interest Due onFiscalYear Principal Interest Totals Jun. 30 Amount Dec.30 Amount

2013

92

cRysrAL LAKE PARr( DTSTRTCT, TLLTNOTS


General Obligation (Alternate Revenue Source) Bonds of 20068April30,2012

Date of Issue

Date of MaturþAuthorized Issue


Interest Rates

Interest Dates


Payable at

October 1,2006December 30,2015$1,500,000

$5,0003.60% -3.7s%June 30 and December 30

December 30



Requirements Interest Due onFiscalYear Principal Interest Totals Jun.30 Amount Dec.30 Amount

20132014201520r6

$ 225,000

250,000

275,000300,000

39,000

30,675

21,4251r.250

264,000280,675

296,425311.250

20t220t320142015

19,500

15,33 8

10,773

5,625

51,176

19,500

t5,33710,712

5,625

_51_.174

20122013

20142015

1.0s0.000 t02.3s0

93

CRYSTAL LAKE PARK DISTRTCT, TLLTNOTS



Date of Issue



Interest Rates

Interest Dates


Payable at


$5,0003.50% - 4.25%June 30 and December 30

December 30



Requirements Interest Due onFiscalYear Principal Interest Totals Jun. 30 Amount Dec.30 Amount

2013

2014201520r620t7201 I20192020

$ 120,000

135,000

145,000

l5 5,000

165,000

175,000

200,000

300,000

28,843

26,744

24,04421,14417,850

14,344

10,625

6,375

28,84426,744

24,04421,14417,850

14,344

10,625

6,375

57,687

53,488

48,088

42,28835,700

28,688

21,250t2.750

177,687

188,488

193,088

197,288

200,700203,688

221,2503t2,750

20122013

201420r5201620t7201 8

20t9

201220t320142015

20162017

2018

2019

r,395.000 299.939 1.694,939 _r49969 149.970

94



General Obligation Limited Tax Refunding Park Bonds of 20094April30,2012

Date of Issue



Interest Rates

Interest Dates


Payable at

April3,2009December 30,2016$1,645,000

$5,0002.20% -3.25%June 30 and December 30

December 30


CURRENT AND FUTURE PRINCIPAL AI\D INTEREST REQUIREMENTS


2013

20t420t520162017

$ 190,000

275,000320,000

365,000

380,000

46,243

42,06233,81224,212

r2.3s0

236,243

317,062353,812389,272392.350

23,122

21,031

16,906

12,106

6,175

J2340

23,121

21,031

16,906

12,106

6,175

79.339

201220t3201420r52016

2012201320t42015

2016

1.530,000 1s8,679 1,688,679

95




Date of Issue



Interest Rates

Interest Dates


Payable at

November 15,2010December 15,2020$1,500,000

$5,ooo0.80% -2.80%June 15 and December 15

December 15



Requirements Interest Due onFiscalYear Principal Interest Totals Jun. 15 Amount Dec. 15 Amount

2013

201420t520r62017

201 I20t92020202r

$ 140,000

140,000

140,000

145,000

150,000

155,000

160,000

165,000

170,000

12,968

12,338

11,568

10,558

9,4988,073

6,445

4,5252,390

12,967

12,337

11,567

10,657

9,497

8,072

6,445

4,525

78.447

25,93524,675

23,1352r,21518,995

16,145

12,890

9,050

4.760

165,935

164,675

163,135

166,215

168,995

t7t,t45172,890

174,050

174,760

201220r32014201520r62017

201 8

201 8

20t9

2012201320142015

20162017

201 8

201 8

2019 2,380

1,365.000 156.800 J33s3

96

CRYSTAL LAKE PARr( DTSTRTCT, ILLINOIS


General Obligation Limited Tax Park Bonds of 2011

April30,2012

Date of Issue

Date of MaturþAuthorized Issue


Interest Rates

Interest Date


Payable at

December l,20IlOctober 75,2012$594,3 15

s5,0002.00%October 15

October 15

The Bank of New York Mellon Trust Company, NA

Requirements

Interest Totals

CURRENT AND FUTI]RE PRINCIPAL AND INTEREST REQUIREMENTS

FiscalYear Principal

2013 $ 594.315 0^368 604.683

97



Debt Certificates of 2003April30,2012

Date of Issue


Denomination of BondsInterest Rates

lnterest DatesPrincipal Maturity DatePayable at

July 1, 2003

December 30,2012$590,000$5,0001.20% -3.50%June 30 and December 30December 30

Home State Bank NA, Crystal Lake, IL

CURRENT AND F'UTURE PRINCIPAL AND INTEREST REQUIREMENTS

Requirements Interest Due onFiscalYear Principal Interest Totals Jun. 30 Amount Dec. 30 Amount

2013 S 70.000 2.450 72.450 2012 J_Ø_ 2012 J_22s

98



Debt Certificates of 20044April30,2012

Date of Issue


Denomination of BondsInterest Rates

Interest Dates

Principal Maturity DatePayable at


$5,0003.375% - 4.45%June 30 and December 30December 30


CT]RRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS


20t320t420t520162017

2018

201920202021

2022

2023

2024

20122013

20142015

20162017

2018

201920202021

2022

2023

201220t320142015201620t72018

201920202021

2022

2023

$ 90,000

90,000

95,000

100,000

105,000

105,000

110,000

115,000

120,000

130,000

135,000

140,000

53,342

50,238

47,13243,760

40,060

36,07031,976

27,52022,86217,762

72,238

6,230

143,342

140,238

142,732

143,760

145,060

141,070

141,976

142,520

142,862

147,762

147,238

146,230

26,67125,r1923,56621,880

20,03018,035

15,988

13,760

ll,43l8,881

6,1193,1 15

26,671

25,119

23,56621,990

20,030

18,03 5

15,988

13,760

ll,43l8,881

6,119

3,1 l5

1.33s.000 389.190 t.724.190 194.595 194.595

99



Debt Certifrcates of 2011

Aprit 30,2012

Date of Issue



Interest Rate

Interest Dates


Payable at

September l5,20llDecember 15,2018

$505,000$1,0001.2s% -2.80%June 15 and December 15

December 15

Crystal Lake Bank and Trust

CURRENT AI\D FUTURE PRINCIPAL AND INTEREST REQUIREMENTS

Requirements Interest Due onFiscal

Year Principal lnterest Totals Jun. 15 Amount Dec. 15 Amount

2013

20t420t520t62017

2018

20t9

78,333

79,042

79,09678,960

78,628

79,060

80,1 84

20122013

20142015

20162017

201 8

20122013

20142015

20162017

2018

$ 66,000

70,000

71,000

72,00073,000

75,000

78,000

12,333

9,0428,096

6,9605,6284,0602,194

7,4004,521

4,0483,480

2,9142,0301,092

4,933

4,521

4,0483,480

2,8142,0301,092

505.000 48.303 553.303 _2s,_M_ J2Æ_

100

STATISTICAL SECTION(Unaudited)

This part of the comprehensive annual financial report presents detailed information as a contextfor understanding what the information in the financial statements, note disclosures, and requiredsupplementary information says about the District's overall financial health.

Financial Trends

These schedules contain trend information to help the reader understand how the District'sfinancial performance and well-being have changed over time.

Revenue Capacity

These schedules contain information to help the reader assess the District's most significant localrevenue sources.

Debt Capacity

These schedules present information to help the reader assess the affordability of the District'scurrent levels of outstanding debt and the District's ability to issue additional debt in the future.

Demographic and Economic Information

These schedules offer demographic and economic indicators to help the reader understand theenvironment within which the District's financial activities take place.

Operating Information

These schedules contain service and infrastructure data to help the reader understand how theinformation in the District's financial report relates to the services the District provides and theactivities it performs.


Net Assets by Component - Last Eight Fiscal Years*April 30, 2012 (Unaudited)

See Following Page


Net Assets by Component - Last Eight Fiscal Years*

Äpril 30, 2012 (Unaudited)

2005 2006

Governmental ActivitiesInvested in Capital Assets - Net of Related Debt

Restricted

Unrestricted

s 18,265,294

9,044,130

19,535,868

9,0g6,3 l g

Total Governmental Activities Net Assets

Business-Type ActivitiesInvested in Capital Assets - Net of Related Debt

Restricted

Unrestricted

Total Business-Type Activities Net Assets

Primary Government

Invested in capital assets - net ofrelated debt

Restricted

Unrestricted

Total Primary Government Net Assets

* Accrual Basis of AccountingThe District implemented GASB Statement No. 34 for the year ended 2005

Data Source: District Records

27.309,424 28,622,186

2,4gg,69l

427,389

2,595,707

456,093

2.916,080 3.051.800

20,753,985 22,131,575

9.542.41t9,471,519

30,225,504 31,673,986

101

2007 2008 2009 2010 20rl 2012

19,989,252 20,234,285 20,056,986

1,433,611

3,486,677

27,042,951

2,537,889

2,57t,898

22,183,294

3,242,786r,676,453

22,142,1121,877,218

3,865.1 8810,995,252 10,916,883

29,994,504 31,151,168 24,977,274 26,152,738 27,102,533 27,884,518

2,599,940 2,770,583 2,810,029 2,689,356 2,747,375 2,730,236

573,089 516,062 506,413 5 54,819 33 1,1 38 205,023

3.173.029 3.286.64s 3.316,442 3.244.17s 3.078.s l 3 2.93s-259

21,589,192 23,004,868

11,568,341 11,432,945

22,867,015

1,433,611

3,993,090

23,732,307

2,537,999

3,126,717

24,930,669

3,242,7862,007,591

24,873,348

1,877,218

4,070,211

33. l 57.s33 34,437,813 28,293,7t6 29.396.913 30.181.046 30.820.777

102


Changes in Net Assets - Last Eight Fiscal Years*April 30, 2Ol2 (Unaudited)

Expenses

Governmental ActivitiesGeneral GovemmentRecreation

Interest on Long-Term DebtTotal Governmental Activities Expenses

Business-Type ActivitiesRacket ClubGolf Leaming Center

Total Business-Type Activities Expenses

Total Primary Govemment Expenses

Program Revenues

Govemmental ActivitiesCharges for Services

General GovemmentRecreation

Capital Grants/ContributionsTotal Govemmental Activities Program Revenues

Business-Type ActivitiesCharges for Services

Racket ClubGolf Learning Center

Capital Grants/ContributionsTotal Business-Type Activities Program

2005

s 1,901,597

3,677,415274,812

1,309,047'))a ?))

497,033

2,439,02926s.829

1,390,543

241,074

2006

3,776,8093,789,904

426.749

1,337,657229,894

578,138

2,565,325206.575

1,463,501

239,770

2007

4,102,9344,138,586

381.400

1,467,513

207,559

562,6442,774,456

241.944

1,590,185206,116

4,058,474

4,428,112536.248

1,482,758

223,465

618,720

2,763,540201.024

1,567,174220,542

5,870,4454,728,557

353.566

1,499,775

213,025

1,084,862

2,595,432

94.028

1,496,653230,457

4,723,3183,622,103

329.747

1,507,844171.542

495,088

2,363,719363.013

1,422,136

178,3481,559

4,994,562

3,582,343

283.997

1,479,582t47.0t4

558,283

2343,77928.979

1,312,365

146,034

4,ggl,0g33,532,614

244.58t

1,490,078

133.399

560,038

2,268,55149.538

1,356,480

l2t,60l

2008 2009 2010 20TT 2012

5.853.824 7.993.462 8.622.920 9.022.834 10.952.s68 8.67s.168 8.760.902 8.668.278

1,534,369 1,567,551 1,675,072 1,706,223 1,712,800 1,679,386 1,626.596 t.623,477

7.388.193 9.561.013 tO-297-992 t0-729-0s7 r2.66s.368 t0-3s4-ss4 10.387.498 t0.291.7ss

3.200.891 3.350.038 3.s79.044 3.s83.284 3.774.322 3.221.820 2.931.040 2.878.127

Revenues 1,621,617 1,703,271 1.796.301 1.787.716 1.727.110 1.602.042 1.458.399 1.478.081

4-822-508 5-053.309 5-375-345 5.371-000 5-501-432 4.823-862 4.389.439 4-356-208Total Primary Govemment Program Revenues

103

2005

$ (2,652,933)87,248

4,773,33450,367

125,010

2,295,'778

87,248

2006

(4,643,424)t35,720

5,658,041

64,ggl233,157

1,312,765

135,720

2007

(5,043,876)t21,229

6,000,74070,619

334,835

1,362,319

12t,229

2008

(5,439,550)8r,493

6,227,472

80,542

298,199

1,166,663

t13,6t6

(7,178,246)14.310

6,549,92673,747

155,518

(399,055)29,797

(5,453,348)(77.344\

6,517,399

65,277

40,940

5.196

1,175,464(72.267)

(5,829,862)(l68.197)

(5,790,151)(14s.396)

6,469,36965,456

25,45213.860

782,985

Q43,2s4)

2009 2010 20tl 20t2

Net (Expense) RevenueGovernmental ActivitiesBusiness-Type Activities

Total Primary Government Net (Expense) Revenue

General Revenues and Other Changes in Net AssetsGovemmental Activities

Taxes

PropeftyReplacement

InterestMiscellaneous

Total Governmental Activities

Business-Type ActivitiesInterest

Total Primary Govemment

Changes in Net AssetsGovernmental ActivitiesBusiness-Type Activities

12.565-685) ø-507 -704\ (4-922_647\ 15-358-057) (7 -16?-936\ ls-s30-6921 ls-998-0s9) (5 gis s47\

6,595,12172,55927,64984,328

4,948,711 5,956,189 6,406,194 6,606,213 6,779,191 6,628,812 6,779,657 6,573,136

32,123 15.487 5.077 2.535 2.142

4.948.71l 5.956.189 6.406.194 6.638.336 6.794.678 6.633.889 6.782.192 6.s7s.278

949,795(165,662\

Total Primary Government

* Accrual Basis of AccountingThe District implemented GASB Statement No. 34 for the year ended 2005


2.383.026 1.448.48s 1.483.s47 1.280.279 ß69.25Ð 1.103.197 784.133 639.731

104


Fund Balances of Governmental Funds - Last Ten Fiscal Years*

April 30, 2012 (Unaudited)

General Fund

Reserved

Unreserved

Nonspendable

Unassigned

Total General Fund

All Other Governmental Funds

Reserved

Unreserved, Reported in,


Debt Service Funds

Capital Projects Funds

Nonspendable

Restricted

Committed

Assigned

Total All Other Governmental Funds

2003 2004 2005

t,350,728 1,577,828 2,035,424

1.350,728 1,577.828 2.03s.424

$

18,526

7,6541,665,649

23,859

9,419

615,974

260,378

18,199

1,371,471

r.691.829 649.252 1.650.048

* Modified Accrual Basis of Accounting


The District implemented GASB Statement No. 54 for the yeat ended2012.

105

2006 2007 2008 2009 20t0 20tt 2012

14,973

2,095,8497,036

1,849,7492,422,223 2,876,540 3,031,516 2,813,810

7,977

2,l2g,3gg2,422,223 2,876,540 3,031,516 2,813,810 2,110,922 1,956,795 2,136,316

2,608,428 3,291,749

698,993

18,975

318,017

1,059,287

52,074

1,035,585

1,404,904

47,405

361,450

7,433,61r

102,040

864,404 ,13 I677,046 1,563

48,228

l,g16,4g61,464,637

1,212,507

1,035,995 2,146,946 1,813,759 2,400,055 3,285,474 4,944,979 4,641,969

106


Changes in X'und Balances of Governmental Funds - Last Ten Fiscal Years*


2003 2004 2005

Revenues

Taxes


IntergovernmentalGrants and Donations

Interest


Expenditures

General Government

Recreation

Capital OutlayDebt Service



Total Expenditures




Debt Issuance

Discount on Debt Issuance

Payment to Escrow Agent

Transfers [nTransfers Out

Total Other Financing Sources (Uses)


Debt Service as a Percentage

of Noncapital Expenditures

* Modified Accrual Basis of Accounting

Data Source: District Record

7,757,219 7,854,195 8.461.4s4

$ 4,307,774

3,027,297

311,624

I 10,534

4,595,677

2,947,095

220,438100,985

5,1 35,553

2,935,062

265,829

125,010

4,620,839

1,900,529

1,179,924

2,662,447

4,225,654

2,114,9001,249,097

1,465,855

4,218,159

2,072,554

860,386

l,3gg,g2o

418,ll470,363,739 9,055,496 8,968,133

(2,606,520) (1,201,301) (506,679)

3,297,205 392,490 l,g7g,24o(l4,t7t)

25,000

(3t,666)3,297,205 38s.824 1.965.069

690,685 (815,477',) 1,458,390

t07

2899% 18.78% 22.12%

2006 2007 2008 2009 2010 20tt 2012

5,453,580

3,143,463

206,575

233,157

5,727,703

3,337,100

241,944

334,835

6,090,5293,342,395

38,745

20t,024298,199

1,120

6,300,641

3,230,933

411,820

94,028155,518

37,541

6,582,676

2,858,807

167,t00195,913

40,940

5,196

6,667,6802,902,061

19,500

9,479

27,64984,328

6,533,924

2,g2g,5gg

11,250

38,288

25,452

13,860

9,036,775 9,641,582 9,972,012 10,230.481 9.8s0,632 9,710,697 9,451,263

4,525,096

2,059,219

1,279,435

4,944,252

2,224,823

991,317

5,3r4,7332,363,901

997,660

6,205,700

2,319,817

1,133,847

1,923,625

375,78r

4,615,619

2,770,110

792,109

1,5 5 I ,880342,304

4,777,157

2,959,866

886,894

1,493,820

285,612

4,779,697

2,686,422

817,630

l,4og,02o

277,3051,429,599

436,932

1,525,491

411,476

1,499,300

428,354

9,730,281 10,097,359 10,603,848 11,858.770 r0,072,02t 10.403,349 9,969,058

(693,506) (455,777) (631,836) (1,628.289) Q21.38Ð (692.6s2\ (sr7.79s\

466,245 2,021,055 453,625 3,521,880 403,820 1,998,020

(1,525,000)

73,995(73,995\

190,350

( 190,3 50)

594,315

419,700(4t9,700)

466,245 2,021,055 453,625 1,996,880 403,820 1,998,020 594,315

Q27.26t\ 1.565,278 (178,211) 368.591 182.431 1.30s.368 76,520

21.07%2r.49% 20.65% 19.97%

108

20.10% t9.15% 18.26%


Assessed Value and Actual Value of Taxable Property - Last Ten Fiscal Years


FiscalYear

Ended

April30

TaxLevyYear

ResidentialPropeúy Farm

Commercial

Property

2003 2002

2004 2003

2005 2004

2006 2005

2007 2006

2008 2007

2009 2008

20t0 2009

20tl 20t0

2012 20tl

Data Source: Ofhce of the County Clerk

$ 921,834,354 s 3,951,207

r,021,530,426 3,776,604

1,105,721,087 3,817,454

1,225,493,482 3,718,329

1,313,710,430 4,220,906

1,474,397,423 4,216,855

1,459,023,370 4,349,179

1,443,682,234 4,477,299

1,306,869,030 4,206,409

1,223,204,166 3,969,544

$ 23 5,191,381

249,633,r44

265,831,930

278,739,359

296,835,130

307,984,578

336,545,523

333,782,787

320,534,578

282,240,200

109

IndustrialProperty Mineral

State

Railroad

TotalTaxable

Assessed

Value

TotalDirect Tax

Rate

s 66,243,317 $

72,490,152

76,965,738

82,133,975

85,070,362

88,654,861

92,98r,485

93,307,514

90,318,928

80,393,428

s 617,399 g t,227,837,658

664,793 1,348,591,134

744,935 1,453,728,852

702,423 1,591,980,933

742,878 7,701,610,477

1,088,3 84 1,817,552,551

831,262 1,894,688,194

995,786 1,877,192,627

1,237,880 1,724,113,831

1,313,207 1,592,404,542

496,015

647,708

1,193,365

1,030,771

l,2lo,45o

957,435

947,007

947,007

1,294,997

0.3702

0.3771

0.3714

0.3s62

0.3s36

0.3431

0.3463

0.3519

0.3758

0.4t36

110


Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years


2003 2004 2005

District Direct Rates

General

Bonds and Interest

Bond 19984Bond 20094Bond 2010

Bond 201 IIMRFAuditLiability Insurance

Natural HistoryRecreation

Special Recreation

Additional Corp

Total Direct Rates

Overlapping Rates

McHenry CountyMcHenry County Conservation DistrictAlgonquin Twp.

City of Crystal Lake

School District #47

School District #155

Community College #528

Total Direct and Overlapping Rates

Data Source: Office of the County Clerk

Note: Rates are per $100 of Assessed Value

0. r 000

0.0761

0.0280

0.0007

0.0202

0.0200

0.0750

0.0152

0.0350

0.1000

0.0693

0.0320

0.0008

0.0198

0.0197

0.0750

0.0255

0.0350

0. I 000

0.0642

0.0304

0.0006

0.0188

0.0136

0.0750

0.0338

0.0350

0.3702

0.672s

0.1734

0.1914

0.7328

3.12642.089s

0.32s3

0.3771

0.7153

0.t6630. l 833

0.7953

2.9933

2.0433

0.3130

0.37t4

0.7346

0.1 580

0. l 768

0.8822

2.8927

1.9780

0.3033

7.6815 7.5869 7.4970

lll

2006 2007 2008 2009 2010 2011 20t2

0.1000

0.0588

0.02520.0006

0.0175

0.0095

0.0750

0.0346

0.0350

0.1000

0.0550

0.0903

0.0514

0.0279

0.0006

0.0093

0.0094

0.0784

0.0400

0.0358

0.07920.0492

0.0306

0.000s

0.013 7

0.01l90.0971

0.0400

0.2420

0.07990.0498

0.0298

0.0008

0.0160

0.0107

0.0978

0.0400

0.0277

0.0870

0.02160.0048

0.0292

0.0058

0.0008

0.0203

0.0104

0.0928

0.0261

0.0771

0.0942

0.0082

0.0148

0.0380

0.01260.001l0.02200.0107

0.0895

0.0283

0.0943

0.02700.0006

0.0160

0.0080

0.0720

0.0400

0.0350

0.3562

0.7278

0.1490

0.1704

0.9272

2.7747

1.9023

0.2922

0.7060

0.1425

0.t6770.97352.7302

1.8697

0.2741

0.6871

0. l 738

0.1634

0.98292.6596

1.8213

0.2634

0.7014

0.t7320.1674

0.9794

2.6068

1.8648

0.2686

0.3s 19

0.7r570.1775

0.t7031.0143

2.7285

1.90s4

0.2740

0.37s8

0.7927

0.1956

0.1847

1,0720

3.10752.0347

0.3039

0.4136

0.8879

0.2191

0.2t09t.2061

3.4334

2.2979

0.3395

0.3536 0.3431 0.3463

7.2998 7.2t73 7.0946 7.t079 7.3376 8.0669 9.0084

lt2


Principal Property Tax Payers - Current Year and Ten Years Ago


20ll Levy 2001 Lew

Taxpayer

TaxableAssessed

Value

Percentage

of TotalDistrictTaxable

Assessed

Rank Value

TaxableAssessed

Value

Percentage

of Total DistrictTaxable

Assessed

ValueRank

Inland Crystal Point LLCBradley Crystal Lake Centro

Cobalt Industrial ReitTyco Healthcare GroupWal-MartSkyridge Partners LP

Sunrise IV Crystal Lake SL LLCInland Bohl Farm LLCSþridge Partners LLCNorthern Illinois Medical Center

Crystal Point Center

Centerpoint Venture LLCFountains Crystal Lake LP

Randall Hill LLCBarlington Apartments LLCRFS Financing Partnership LP

$ 9,299,462

8,702,072

6,557,411

5,021,0825,272,1084,683,242

4,34g,lll4,155,348

4,195,404

3,825,371

050%0.46%

0.35%

0.27%

0.28%0.25%

023%0.22%

0.22%

0.20%

5,703,355

5,359,9848,5 78,901

7,123,846

5,801,040

5,429,986

5,095,490

4,403,677

4,219,705

0.42%

0.40%

0.64%

053%0.43%

0.40%0.38%

0.33%

031%

I

2

J

4

5

6

7

8

9

l0

$

8,291,010 2 0.61%

5

7

I

J

4

6

8

9

l0

56,058,551 299% 60,005,994 4.45%

Data Source: Park District Official Statement

Note: Data from nine years ago was unavailable and data shown above is from closest year available.

113


Property Tax Levies and Collections - Last Ten Fiscal Years


Fiscal

Year

Ended

April30

Taxes

Levied forthe Fiscal

Year AmountPercentage

ofLew

Collectionsin

Subsequent

Years AmountPercentage

ofLew

Collected within the

Fiscal Year of the Levy Total Collections to DateTaxLevyYear

2003 2002 s 4,545,461 $ 4,541,480 99.91% $

2004 2003 5,085,541 5,085,185 99.99%

2005 2004 5,399,154 5,388,581 99.80%

2006 2005 5,670,640 5,657,084 99.76%

2007 2006 6,015,896 6,009,984 99.90%

2008 2007 6,236,022 6,226,894 99.85%

2009 2008 6,561,495 6,517,398 99.33%

20t0 2009 6,605,916 6,595,123 99.84%

20ll 2010 6,479,582 6,468,419 99.83%

2012 20rl 6,585,007 0.00%

Data Source: Office of the County Clerk

Taxes levied for 201 1 will not be collected until fiscal year 2013.

$ 4,541,480 9991%

5,085,185 99.99%

5,388,581 99.80%

5,657,084 99.76%

6,009,984 99.90%

6,226,894 99.85%

6,517,398 99.33%

6,595,123 99.84%

6,468,419 99.83%

0.00%

tl4


Ratios of Outstanding Debt By Type - Last Ten Fiscal Years

Äpril 30, 2012 (Unaudited)


FiscalYear

General

ObligationBonds

AlternateRevenue

Source Bonds

DebtCertificates

InstallmentContracts

2003 s 5,847,205 $ 2,050,000

2004 5,317,490 l,g25,ooo 1,400,000

2005 4,964,240 1,575,000 1,290,000

2006 4,396,245 1,300,000 1,190,000

2007 3,981,055 2,500,000 1,000,000

2008 3,553,625 2,175,000 815,000

2009 3,296,ggo 3,350,000 545,000

2010 2,878,820 3,ooo,ooo 1,745,000

20lt 2,538,020 4,25o,ooo 1,420,000

2012 2,249,315 3,910,000 1,33 5,000

Note: Details regarding the Park District's outstanding debt can be found in the notes to the

financial statements.

(l) See the Schedule of Demographic and Economic Statistics for personal income and population data.

$ 1,400,000 $ 1,065,ooo

990,000

2,405,000

2,375,000

2,225,000

2,13 5,000

1,660,000

80,000

115

Business-Type

Activities

Debt

Certificates

TotalPrimary

Government

Percentage

ofPersonal

Income (1)Per

Capita (l)

$

540,000

485,000

1,090,000

970,000

860,000

740,000

620,000

490,000

575,000

s 10,362,205

10,072,490

10,619,240

10,27r,245

10,676,055

9,538,625

9,591,880

9,323,920

g,69g,o2o

7,969,315

0.78%

0.76%

0.80%

0.67%

0.70%

0.62%

0.s4%

051%

0.54%

0.49%

$ r,219.23

1,149.57

1,211.97

1,172.25

1,218.45

1,088.64

1,094.71

949.99

992.70

909,53

ll6


Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years


FiscalYear

General

ObligationBonds

Less: Amounts

Available inDebt Service

Fund

Percentage ofTotal Taxable

Assessed

Value ofProperty (l)

Per

Capita (2)Total

2003 s 5,847,205 $ 7,654 $ 5,839,551 0.48% $ 116.79

2004 5,317,490 9,420 5,308,070 0.39%

2005 4,864,240 I 8,199 4,846,041 0.33%

2006 4,396,245 18,975 4,377,270 0.27%

2007 3,981,055 52,074 3,g2g,ggl 0.23%

2008 3,553,625 47,405 3,506,220 0.19%

2009 3,296,880 102,040 3,194,840 0.17%

2010 2,g7g,g2o 70,539 2,808,281 0.15%

20tt 2,538,020 38,962 2,499,058 0.14%

2012 2,249,315 39,278 2,210,037 0.14%

Note: Details regarding the Park District's outstanding debt can be found in the notes to the

financial statements.

(1) See the Schedule of Assessed Value and Actual Value of Taxable Properly for property value data.

(2) See the Schedule of Demographic and Economic Statistics for population data.

106.16

96.92

75.47

67.74

60.4s

55.08

48.42

43.09

38.10

tt7


Schedule of Direct and Overlapping Governmental Activities Debt


Governmental Unit Gross Debt

Percentage ofDebt

Applicable toPark District (1)

Park District's

Share ofDebt

Park District

Overlapping Debt

City of Crystal Lake

High School District #155

Unit School District #158



School District #47

School District #46

Community College #509

McHenry County Conservation District

Village of Lakewood

Village of Lake in the Hills

Algonquin Library District

Total Overlapping Debt

Total Direct and Overlapping Debt

$ 2,249,315 100.000% s 2.249,315

24,540,000

5,247,699

59,223,737

731,617,940

302,602,089

25,520,000

6,209,792

161,667,482

137,970,000

13,325,000

7,595,000

4.875,000

97.540%

52.410%

0.370%

0.030%

0.210%

79A80%

8.510%

0.060%

18.030%

99.340%

2.690%

1.530%

23,936,316

2,750,319

279,128

39,485

635,464

20,283,296

528,453

97,000

24,875,991

13,237,055

204,306

74,588

875,518,739 86,881,401

877.768.0s4 89.130.716

Data Source: Crystal Lake Park District Official Statement

(1) Determined by ratio of assessed valuation of properly subject to taxation in the District to

valuation ofproperty subject to taxation in overlapping unit.

118


Legal Debt Margin - Last Ten Fiscal Years


Equalized Assessed Valuation

Bonded Debt Limit -

2.875% of Assessed Value


Legal Debt Margin

Percentage of Legal Debt Margin

to Bonded Debt Limit

Non-Referendum Legal Debt Limit -

.575% of Assessed Value


Legal Debt Margin

Percentage of Legal Debt Margin

to Bonded Debt Limit


2003 2004 2005 2006

s 1.227.837.658 1.348.591.134 1.453.728.852 t.591.980.933

35,300,333 38,771,995 41,794,704 45,769,452

7,910,000 7,855,000 8,565,000 8.505,000

27.390.333 30,916,995 33.229.704 37.264.4s2

77.59% 79.74% 79.51% 81.42%

7,060,067 7,754,399 8,358,941 9,153,890

5,445,000 4,925,000 4,385,000 3.930,000

1.615.067 2.829.399 3.973.941 5.223.890

22.88% 36.49% 47.54% 57.07%

119

2007 2008 2009 2010 20rt 2012

1,7t3,082,046 1,830,647.035 1.894,688.194 1,877,192,627 1,724.tr3.831 t.594.r58.747

49,251,109 52,631,102 54,472,286 53,969,288 49,568,273 45,832,064

7,6ss,000 6,050,000 5,865,000 4,920,000 3,9s0,000 4,159,315

41.596,109 46,5 81.102 48,607.286 49.049,288 45.6t8.273 41.672.749

84.46% 88.s0% 89.23% 90.88% 92.03% 9090%

9,850,222 10,526,220 10,894,457 10,793,858 9,973,655 9,166,413

0 2,249,31s3,460,000 J, 100,000 2,920,000 2,475,000

6.390.222 7,426,220 7,974,457 8.318.858 7.873.655 6.917.098

64.87% 70.55% 73.20% 77.07% 79.42% 7s.46%

t20


Demographic and Economic Statistics - Last Ten Fiscal Years


FiscalYear

(l)Population

(2)

Personal

Income

(2)

Per

CapitaPersonal

Income

(3)

UnemploymentRate

2003 50,000

2004 50,000

2005 50,000

2006 58,000

2007 58,000

2008 58,000

2009 58,000

2010 58,000

20tl 58,000

20t2 58,000

Data Sources:

(l) Park District Official Statement

(2)CiIy of Crystal Lake CAFR(3) rDES

$ 1,323,800,000

1,323,800,000

1,323,800,000

1,535,608,000

1,535,608,000

1,53 5,608,000

1,785,066,000

1,620,520,000

r,620,520,000

1,620,520,000

I 26,476

26,476

26,476

26,476

26,476

26,476

30,777

27,940

27,940

27,940

6.50%

4.60%

530%

4.60%

4.r0%

4.90%

9.600/o

r0.30%

8.30%

8.20%

t2t


Principat Employers - Current Year and Nine Years Ago


2012 2003

Employer Employees

Percentage

of TotalDistrict

Rank Employment Employees Rank

Percentage

of TotalDistrict

Employment

TC Industries Inc.

Knaack Mfg. Co.

Althoff Indistries, Inc.

Baxter & rWoodman,Inc

Precision Dormer, LLCGeneral Kinematics Corp.

Home State Bank

Holiday Inn

Shaw Suburban Media

Technipaq,Inc

Center for Commerce & Economic

DeveVMCC

Black Dot Group

PreMediaONE

Northwest Newspapers Company

Eltek Americas

Precision Twist Drill Company

Creative Bedding Technologies

Data Source: Park District Official Statement

400

260250

190

150

135

130

125

125

120

2s0

I

2

J

4

5

6

7

8

9

l0

2.13%

1.39%

1.33%l.0t%0.80%

0.72%

0.69%0.67%

0.67%

0.64%

250 7 1.33%

5 1.33%

2.t9%1.60%

1.60%

t.33%1.07%

1.07%

0.80%

500 I 2.67%

4t0300

300

2s0200200

150

2

J

4

6

8

9

l0

1,885 10.05% 2,810 14.98%

122


Full-Time Equivalent Government Employees by Function - Last Ten Fiscal Years


2003 2004 2005

General Government

AdministrationFull-Time

Operations

Part-TimeFull-Time

Recreation

Full-TimePart-Time

Total

Data Source: Park District Records

10

28

t228

38

s37

36

534

99

t328

9

34

515

622 619 599

t23

2006 2007 2008 2009 2010 20tt 20t2

9998I8I

13

28

l328

13

28

13

28

37

5r7

39

510

36

522

36

40s

t226

35

398

l226

32

397

12

27

28

37s

603 598 607 490 480 476 45t

124

CRYSTAL LAKE PARK DTSTRTCT, TLLTNOTS

Operating Indicators by Function/Program - Last Ten Fiscal Years


2003 2004 2005

Racket ClubMemberships

AdmissionsMain Beach

West Beach

Progtams

Recreation


N/A - Information not available.

1,312

123,732

20,663

N/A

1,303

I15,383

14,215

N/A

1,306

106,874

19,481

N/A

125

2006 2007 2008 2009 20r0 20lt 2012

r,333

r13,62424,82r

12,819

1,351

1r6,66423,674

1,269

126,632

22,566

1,233

108,125

22,523

1,r22

r04,97717,359

r,072

70,91479,631

1,088

51,864

10,456

10,515 10,92011,74t 10,898 70,216 10,105

126

cRysTAL LAr(E PARK DTSTRTCT, TLLTNOTS

Capital Asset Statistics by FunctionlProgram - Last Ten Calendar YearsÁ,pril 30, 2012 (Unaudited)

2003 2004 2005

Recreation

Facilities (Number of)Playgrounds

Tennis Courts

Basketball Courts

Skate Park

Splash Pad

Miniature Golf Courses

Picnic Shelters

Dog Park

Athletic Fields

Batting Cages


22

28

I4

22

28

t4

22

28

t4

2

9

1

;9

I

;8

I

464646

127

2006 2007 2008 2009 20 0 20 l1 20 211

23

29

t4II2

1lI

46

1

23

29

l4I1

2

l1I

46

I

23

29

t4I

23

28

l4I

23

28

t4

22

28

I4

23

28

t4

2

1

1

1

46

I4646

2

11

I46

I

;9

1

;9

I46

;9

1

r28

illinois cry$tai, uki ix$trrt - crystal lake park · 2017-06-27 · crystal lake park district,...

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