LAKE PARK DISTR|GT, ILLINOIS...The comprehensive annual financial report of the Crystal Lake Park...

GRYSTAL LAKE PARK DISTR|GT, ILLINOIS

CRYSTÆ IAKT PARKDISTR.ffi

GOMPREHENSIVE ANNUALFINANGIAL REPORT

FOR THE FISGAL YEAR ENDEDAPRIL 30, 2Ol3

CRYSTAL LAKE PARK DISTRICT, ILLINOIS

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDEDAPRIL 30, 2013

Prepared by:Finance Department


TABLE OF CONTENTS

PAGEINTRODUCTORY SECTION

Principal OfficialsOr ganizational Chart...Transmittal Letter

ll

9

Certificate of Achievement for Excellence in Financial Reporting..

FINANCIAL SECTION

INDEPENDENT AUDITORS' REPORT

MANAGEMENT'S DISCUSSION AND ANALYSIS ....

BASIC FINANCIAL STATEMENTS:

Government-Wide Financial StatementsStatement of Net PositionStatement of Activities

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

Statement of Net Position - Governmental Activities...........Statement of Revenues, Expenditures and Changes in

Fund Balances - Govemmental FundsReconciliation of the Statement of Revenues, Expenditures and Changes in

Fund Balances to the Statement of Activities - Governmental Activities ...............Statement of Net Position - Proprietary Fund.....Statement of Revenues, Expenses and Changes in Fund Net Position - Proprietary FundStatement 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 ActualGeneral Fund ..............Recreation - Special Revenue Fund .................

r-2

MD&A I - 12

3456

7 -8

10 l1

t2

t6-46

4748

t413

15

495051Special Recreation - Special Revenue Fund


TABLE OF CONTENTS

FINANCIAL 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

Combining Balance Sheet - Nonmaj or Governmental Funds................Combining Statement of Revenues, Expenditures and Changes in Fund Balances

Nonmajor Governmental 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

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 Position - Budget and Actual

Racket Club - Enterprise Fund.........Schedule of Operating Expenses - Budget and Actual - Racket Club - Enterprise Fund...Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual

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

Golf Learning Center - Enterprise Fund

PAGE

52s3 6t

Schedule of Expenditures - Budget and Actual - Recreation - Special Revenue Fund......... 62 - 67Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual

Debt Service Fund ..68Capital Projects Fund.......... 69

Audit - Special Revenue Fund .........

...70 - 7l

...72 - 73

7778

.79 - 8r

82

83-88

89

90-92

SUPPLEMENTAL SCHEDULES

General Obligation (Alternate Revenue Source) Bonds of 20068..General 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 2012A..General Obligation (Alternate Revenue Source) Bonds of 20128..Debt Certificates of 201 I ..............

939495

969798

99


TABLE OF CONTENTS

STATISTICAL ON fllnaurlitedl

Net Position by Component - Last Nine Fiscal YearsChanges in Net Position - Last Nine Fiscal Years.Fund Balances of Governmental Funds - Last Ten Fiscal Years........Changes in Fund Balances for Govemmental Funds - Last Ten Fiscal Years........Assessed Value and Actual Value of

Taxable Property - Last Ten Fiscal Years........Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years........Principal Property Tax Payers - Current Year and Nine Years Ago ..........Property Tax Levies and Collections - Last Ten Fiscal Years...,....Ratios of Outstanding Debt by Type - Last Ten Fiscal YearsRatio of General Bonded Debt Outstanding - Last Ten Fiscal YearsSchedule of Direct and Overlapping Governmental Activities DebtSchedule of Legal Debt Margin - Last Ten Fiscal Years...Demographic and Economic Statistics - Last Ten Fiscal YearsPrincipal Employers - Current Fiscal Year and Nine Fiscal Years 4go................

PAGE

..... 100 - 101

..... 102 - 103

104 - 105

106 107

108 - 109110- 111

TT2

.........1 13

114 - 115

.........1 16

.........t17118 119

r20t2l

Full-Time Equivalent Village Government Employees by Function - Last Ten Fiscal Years .....122 - 123

Operating Indicators by Function/Program - Last Ten Fiscal Years t24 - t25Capital Asset Statistics by Function/Program - Last Ten Fiscal Years ....126 - 127

INTRODUCTORY SECTION

This section includes miscellaneous data regarding the Crystal Lake Park District including thePrincipal Offrcials, Organizational Chart, Transmittal Letter, and Certificate of Achievement forExcellence in Financial Reporting.


Principal OfficialsApril30,2013

BOARD OF COMMISSIONERS

Deborah Gallagher, President

Paul Myers, Vice President

Thomas Aquilina, Commissioner

Angel Collins, Commissioner

Larry Wheeler, Treasurer

Caroline Bachour-Chemaly, Commissioner

Jerry Sullivan, Commissioner

PARK DISTRICT STAF'F

Jason Herbster, Executive Director

Dennis Jahnke, Superintendent of Parks Services

Kim Buscemi, Superintendent of Recreation Services

Jack Sebesta, Superintendent of Facility Services

Debra Oldham, Superintendent of Business Services

Ð¡Ek

Recreation Supervisors

Program Staff

Aquatics/Beach Operations

Beach Captains

Swim Director

Adult Softball

Admin istrative Assista nt

Park Supervisor

Grounds Supervisor

Maintenance Supervisor

Chief Park Police

Sergeant Park Police

PT Administrative Assistant

Human Resources Manager

Safety Coordinator

Administrative AssistantOffice Manager

Customer Service CoordinatorRecreation Secretary

Registrat¡on Coordinator

Bookkeeper

Bookkeeper

PT Bookkeeper

Afflliate Groups

Special Events

Racket Club Manager

Park Place & Food Service Man-ager

Nature CenterManager of Natural Resources

Colonel Palmer HouseFacility Coordinator

Barlina HousePreschool Director

Family Golf Center Manager

Public Relations

Coordinator

Marketing Coordinator

LEGAL COUNSEL

PARK BOARD OF COMMISSIONERS

CRYSTAL LAKE PARK DISTRICT RESIDENTS

EXECUTIVE DIRECTOR

SUPERINTENDENT OF

RECREATION SERVICES

DIRECTOR OF

PLANNING AND DEVELOPMENT

SUPERINTENDENT OF

PARK SERVICES

SUPERINTENDENT OF

BUSINESS SERVICES

SUPERINTENDENT OF

FACILITY SERVICES

ll

Revised 07-13 as

CRYSTAT LAKE PARK DISTRICTAn IAP D/ I P RA Distinguis hed Agency

August 22,2013

To the Citizens of the Crystal Lake Park District:

The comprehensive annual financial report of the Crystal Lake Park District, Illinois (District) for thefiscal year ended April 30, 2013, 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 beliet 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 ñ¡nds 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 free from material misstatements. lncluded with this report are all disclosures necessaryto enable the reader to gain the ma<imum understanding of the Park District's financial affairs.

Generally accepted accounting principles, (GAAP) require that management provide a narrativeintroduction, overview, and analysis to accompany the basic financial statements in the form ofManagement'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, IL 60014 | Phone: 815-459-0680 | Far 8L5-477-5005 |

www.crystall akeparks.org.

iii

This report includes all funds of the Crystal Lake Park District (the primary govemment). The Districtprovides a full range of services and facilities. These services include recreation programs, parkmanagement, capital development, and general administration. Additionally, the District operates a

variety 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 parþ batting cages; tennis and basketball courts; and athletic fields.

GOVERNMENTAL STRUCTURE, LOCAL ECONOMIC CONDITION, AND OUTLOOK

The District was established as a separate govemmental 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 sunounding 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 Crystal 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 northem and northwestem suburbs. The City of Crystal Lake April2013 unemployment rate was at 8.6 percent compared to the County rate of 8.9 percent and the State rate

of 8.7 percent.

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

The majority of the tax base of the District is residential properties. Approximately 77 percent of the

District's tax base is concentrated in residential properties, with Commercial and Industrial properties

accounting for approximately 23 percent.

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

individuals who are elected from the District 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, programs, 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 attorney.

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

economic condition and outlook of the District to remain stable.

lv

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 20l2ll3 fiscal year, the majority of the District's capital improvements focused on park

improvements, vehicle and equipment replacement, repair, andlor replacement of existing facilities and

equipment, as well as ongoing upgrades to comply with ADA standards. Projects for the year included

vehicle and equipment replacements; Racket Club indoor tennis court ceiling renovation; Ken Bird and

Woodland Estates Parks playgrounds replaced and West Beach renovation.

For the Future. The relocation of the entrance to Veteran Acres Park and the addition of an emergency

drive will take place in the 20l3ll4 fiscal year along with paving projects district-wide. Plans to purchase

land for the future development of a community center continue.

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 25o/o of annual budgeted expenditures;35%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 staffrng costs'

OTHER INFORMATION

Independent Audít 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.

Awards. 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. The District is currently in the process of reapplying for this award. In addition, the Park

District also received the 2013 Illinois Park and Recreation Facility Award for Acom Alley, a playground

and splash pad located at Veteran Acres Park.

V

The Government Finance Officers Association of the United Statês and Canada (GFOA) awarded aCertificate of Achievement for Excellence in Financial Reporting to the Crystal Lake Park District forits comprehensive annual financial report again for the fiscal year April 30, 2012. In order to beawarded a Certificate of Achievement, a government must publish an easily readable and effrcientlyorganized comprehensive annual financial report. This report must satisff both generally acceptedaccounting principles and applicable legal requirements.

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

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

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

Sincerely,

WJason HerbsterExecutive Director

OldhamSuperintendent of Business Services

vl

(

Government Finance Officers Association

Certificate ofAchievementfor Excellencein FinancialReporting

Presented to

Crystal Lake Park District

IllinoÍs

For its Comprehensive AnnualFinancial Report

for the Fiscal Year Ended

April 30,2012

fuÊtu*Executive Director/CEO

vl1

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

a

a

a

o

a


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

Lauterbach & Amen, LLP 27W457 WARRENVILLE RD. . WARRENVILLE, ILLINOIS 60555

PHONE 630.393.1483 . FAX 630.393.2s15

CERTI FIED PUBLIC ACCOUNTANTSwr¡¿w. lauterbachamen.com


August 22,2013

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

We have audited the accompanying financial statements of the govemmental activities, the business-typeactivities, each major fund, and the aggregate remaining fund information of the Crystal Lake ParkDistrict, Illinois, as of and for the year ended April 30, 2013, which collectively comprise the District'sbasic financial statements as listed in the table of contents, and the related notes to the financialstatements.

Management's Re spons ib ílity for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements inaccordance with accounting principles generally accepted in the United States of America; this includesthe design, implementation, and maintenance of internal control relevant to the preparation and fairpresentation of financial statements that are free from material misstatement, whether due to fraud oreffor.

Auditor's Responsibility

Our responsibility is to express opinions on these hnancial statements based on our audit. We conductedour audit in accordance with auditing standards generally accepted in the United States of America. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditor's judgment, including theassessment of risks of material misstatement of the financial statements, whether due to fraud or error. Inmaking those risk assessments, the auditor considers internal control relevant to the District's preparationand fair presentation of the financial statements in order to design audit procedures that are appropriate inthe circumstances, but not forthe purpose of expressing an opinion onthe effectiveness of the District'sinternal control. Accordingly, we express no such opinion. An audit also includes evaluating theappropriateness of accounting policies used and the reasonableness of significant accounting estimatesmade by management, as well as evaluating the overall presentation of the financial statements.

V/e believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinions.

I

Crystal Lake Park District, IllinoisAugust 22,2013Page2

Qpinions

In our opinion, the financial statements referred to above present fairly, in all material respects, therespective financial position 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 April 30,2013, and the respective changes in financial position and, where applicable, cash flows thereof for theyear then ended in accordance with accounting principles generally accepted in the United States ofAmerica.

Other Matters

Our audit was conducted for the purpose of forming opinions on the financial statements that collectivelycomprise the Crystal Lake Park District, Illinois', financial statements as a whole. The introductorysection, combining and individual fund financial statements and schedules, supplemental schedules, andstatistical section are presented for purposes of additional analysis and are not a required part of thefinancial statements. The combining and individual fund financial statements and schedules andsupplemental schedules are the responsibility of management and were derived from and relate directly tothe underlying accounting and other records used to prepare the financial statements. The information hasbeen subjected to the auditing procedures applied in the audit of the financial statements and certainadditional procedures, including comparing and reconciling such information directly to the underlyingaccounting and other records used to prep¿ìre the financial statements or to the financial statementsthemselves, and other additional procedures in accordance with auditing standards generally accepted inthe United States of America. In our opinion, the information is fairly stated in all material respects inrelation to the financial statements as a whole. The introductory and statistical sections have not beensubjected to the auditing procedures applied in the audit of the basic financial statements and,accordingly, we do not express an opinion or provide any assurance on them.

-P,t,-ú-r"J^'C,h*l¿?LAUTERBACH & AMEN, LLP

2

MANAGEMENT'S DISCUSSION AND ANALYSIS


Management's Discussion and AnalysisApril30,2013

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, 2013. Please read it inconjunction with the District's transmittal letter, which begins on page iii and the District's financialstatements, which begin on page 3.

FINANCIAL HIGHLIGHTS

The District's net position increased as a result of this year's operations. V/hile net positionof business-type activities decreased by $115,128, or 4.5 percent, net position of thegovernmental activities increased by 5677,613 or approximately 2.6 percent.

During the year, government-wide revenues before transfers for the primary governmenttotaled $10,990,786 while expenses totaled $10,428,301, resulting in an increase to netposition of $562,485.

The District's net position totaled 529,445,025 on April 30, 2013, which includes524,091,683 net investment in capital assets, $1,486,343 subject to external restrictions, and

$3,866,999 unrestricted net position that may be used to meet the ongoing obligations tocitizens and creditors.

The General Fund reported an increase this year of $467,106 resulting in ending fund balanceof $2,603,422, an increase of 21.8 percent.

The Recreation Fund reported a deficit this year of $19,283, resulting in ending fund balanceof $1,463,168, a decrease of 1.3 percent.

USING THIS ANNUAL REPORT

This annual report consists of a series of financial statements. The Statement of Net Position and theStatement 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 finances. Fund financial statementsbegin 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 finances, in a matter similar to a private-sector business. The government wide financialstatements can be found on pages 3 - 6 of this report.

a

a

o

a

MD&A 1



USING THIS ANNUAL REPORT - Continued

Government-Wide Financial Statements - Continued

The Statement of Net Position reports information on all of the District's assets/deferred outflows and

liabilities/deferred inflows, with the difference between the two reported as net position. Over time,increases or decreases in net position may serve as a useful indicator of whether the financial position ofthe District is improving or deteriorating. Consideration of other nonfinancial factors, such as changes inthe District's property tax base and the condition of the District's parks and infrastructure, is needed to

assess the overall health of the Crystal Lake Park District.

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

during the most recent fiscal year. All changes in net position are reported as soon as the underlyingevent 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 eamed but unused vacation leave).

Both of the govemment-wide financial statements distinguish functions of the District that are

principally supported by taxes and intergovernmental 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

government 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 specihc activities or objectives. The District, like other local govemments, uses fundaccounting to ensure and demonstrate compliance with finance-related legal requirements. All of the

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

Governmental Funds

Govemmental funds are used to account for essentially the same functions reported as govemmental

activities in the government-wide hnancial statements. However, governmental fund financialstatements 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 financialstatements, it is useful to compare the information presented for governmental funds with similarinformation presented for governmental activities in the government-wide hnancial statements. Bydoing so, readers may better understand the long-term impact of the govemment's near-term financingdecisions. Both the govemmental fund balance sheet and the governmental fund statement of revenues,

expenditures, and changes in fund balances provide a reconciliation to facilitate the comparison betweengovernmental funds and governmental activities.

l¡4D&.A2



USING THIS ANNUAL REPORT - Continued

Fund Financial Statements - Continued

Governmental Funds - Continued

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

separately in the governmental fund balance sheet and in the governmental f,md 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 budgetarycomparison schedule for these funds has been provided to demonstrate compliance with this budget.

The basic governmental fund hnancial 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 LakePark District utilizes enterprise funds to account for its racket club and golf leaming center operations.

Proprietary fund financial statements provide the same type of information as the government-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 tobe major funds of the District.

The basic proprietary fund hnancial statements can be found on pages 1 3 - 1 5 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 hnancial statements. The notes to the financial statements can be foundon pages 16 - 46 of this report.

Other Information

In addition to the basic financial statements and accompanying notes, this report also presents certainrequired supplementary information conceming the District's LM.R.F. and other postemploymentbenefit employee pension obligations. Required supplementary information can be found on pages 47 -51 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 52 - 92 of thisreport.

MD&A 3



GOVERNMENT-WIDE FINANCIAL ANALYSIS

Net positoin may serve over time as a useful indicator of a government's financial position. Thefollowing tables show that in the case of the Crystal Lake Park District, assets exceededliabilities/deferred infl ows by 529,445,025 .

Net Position

GovemmentalActivities

Business-type

Activities Total2013 2012 2013 2012 2013 2012

Current and Other Assets

Capital Assets

Total Assets

$ 14,175,326

28,423,348

13,851,953

28,760,336

115,716

2,895,608

303,763

3,305,236

14,291,042

31,318,956

14,755,716

32,065,572

42,598,674 42,612,289 3,011,324 3,608,999 45,609,998 46,221,288

6,555,570 6,074,589 396,094 473,103 6,951,664 6,547,692

8,852,819

Long-Term Debt

Other Liabilities/Def. InflowsTotal Liabilities/Def. Inflows

10 l315,625,880 14,'t26,77t s39,093 673,740 16,164,973 15,400,511

t82 1 79

Net Position

Net Investment in

Capital Assets

Restricted

Unrestricted (Deficit)

2r,635,075 22,143,112 2,456,609

I,486,343 1,877,218

3,85r,376 3,865,188 15,623

2,730,236 24,091,683

- 1,496,343

205,023 3,866,999

24,873,348

1,877,218

4,070,211

TotalNet Position 26,972,794 27,885,518 2,412,231 2,935,259 29,445,025 30,920,777

A large portion of the District's net assets, 524,091,683 or 81.8 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, $1,486,343 or 5.1 percent, of the Crystal Lake Park District's net positionrepresents resources that are subject to external restrictions on how they may be used. The remaining13.1 percent, or $3,866,999 represents unrestricted net position and may be used to meet thegovernment's ongoing obligations to citizens and creditors.

MD&A 4



GOVER|{MENT-WIDE FINANCIAL ANALYSIS - Continued

Changes in Net Position

Governmental

Activities

Business-Type

Activities

Revenues

Program Revenues

Charges for Services

Operating Grants/Contrib.

Capital Grants/Contrib.

General Revenues

Propefy Taxes

Replacement Taxes

Interest Income

Miscellaneous

Total Revenues

Expenses

General Government

Recreation

Interest on Long-Term Debt

Racket Club

Golf Learning Center

Total Expenses

Change in Net Position

Before Transfers

Transfers


Net Position - Beginning æ Restated

Total

20t3 20t2 2013 20t2 2013 2012

s 2,734,822 2,828,589 1,510,702 1,478,081 4,245,524 4,306,670

60,607 49,538 60,607 49,538

6,574,621

64,895

23,040

20,858

6,468,368

65,456

25,452

13,860

1,241 2,142

6,574,621

64,895

24,281

20,858

6,468,368

65,456

27,594

I 3,860

9,478,843 9,451,263 1,511,943 1,480,223 10,990,786 10,931,486

4,945,376

3,666,897

188,957

4,891,083

3,532,614

244,591

4,945,376

3,666,897

198,957

1,509,458

117,613

4,891 ,083

3,532,614

244,581

1,490,078

133,399

1,509,458

117,613

1,490,078

133,399

8,80 1 ,230 8,668,278 1 ,627 ,07 | 1,623,477 I 0, 428.301 10.291.755

677,613 782,985 (115,128) (143,254) 562,485 639,731

677,613 782,985 (115,128) (143,254) 562,485 639,131

26,295,191 27,102,533 2,587,359 3,078,513 28,882,540 30, I 8 1,046

26,972,794 27,885,518 2,412,231 2,935,259 29,445,025 30.820,717Net Position - Ending

MD&A 5


Management's Discussion and AnalysisApril30, 2013

GOVERNMENT-WIDE FINANCIAL ANALYSIS - Continued

Net position of the District's governmental activities increased by 2.6 percent ($26,972,794 in 2013compared to $26,295,181 in 2012). Unrestricted net position, the part of net position that can be used tofinance day-to-day operations without constraints, totaled $3,851,376 at April 30,2013.

Net position of business-type activities decreased by 4.5 percent (52,472,231 in 2013 compared to52,587,359 in20l2).

Governmental Activities

Revenues for governmental activities totaled $9,478,843, while the cost of all goverlìmental functionstotaled $8,801,230. This results in a surplus of $677,613. In 2012, revenues of $9,451,263 exceededexpenses of $8,668,278, resulting in a surplus of $782,985. The results for 2013 were almost identical to2012. There was a slight increase in both revenues and expenses during the year.

Although the District received slightly more grant funding in the current year (capital grants for 2013totaled $60,607 compared to $49,538 in 2011), charges and services decreased by $93,767. Totalexpenses increased slightly by $132,952 orjust 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 clearlyidentihes the less significant percentage the District receives from replacement taxes and interesteamings.

Revenues by Source - Governmental ActivitiesInterest lncome Miscellaneous

0%Replacement

Tarest% Charges for

Services29%

Property To<es

690/o

Capital C¡ants/Contributions

l%

MD&A 6



GOVERNMENT-WIDE FINANCIAL ANALYSIS - Continued

Governmental Activities - Continued

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

Expenses and Prugram 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 $1,511,943, while the cost of all business-typeactivities totaled $l ,627 ,07 l. This results in a decrease to net position of $ 1 1 5, 12 8. ln 2012, expenses of51,623,477 exceeded revenues of $1,480,223, resulting in a decrease to net position of 5142,254. TheDistrict did report a slight increase in revenues in the current year for both the racket golf learningcenter, which helped to reduce the deficit reported during 2013.

Expenses and Prcgmm Revenues -Bus ine s 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

I Expenses

Racket Club Golf Leaming Center

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

li4D&,^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 govemmental funds is to provide information on near-term inflows, outflows,and balances of spendable resources. In particular, unrestricted fund balance may serve as a usefulmeasure of a govemment's net resources available for spending at the end of the hscal year.

The District's governmental funds reported combining ending fund balances of $6,934,381, which is5156,197, or 2.3 percent, higher than last year's total of 56,778,184. Of the $6,934,381 total,55,352,975, or approximately 77.2 percent of the fund balance constitutes unrestricted fund balance.

The General Fund reported a positive change in fund balance for the year of $467,106, an increase of21.8 percent. This was primarily due to an increase in the General Fund property tax levy after a three-year plan to decrease the Corporate Fund tax levy in order to boost the Recreation Fund levy. The Fundwas budgeted to nearly break even during the year, with a slight surplus of just 57,465. Althoughrevenues came in approximately $134,000 under budget; expenditures were under budget by nearly$600,000. These variances are further outlined on the General Fund Schedule of Revenues,Expenditures and Changes in Fund Balance.

The General Fund is the chief operating fund of the Park District. At April 30,2013, unassigned fundbalance in the General Fund was $2,356,928, which represents 90.5 percent of the total fund balance ofthe General Fund. As a measure of the General Fund's liquidity, it may be useful to compare unassignedfund balance to total fund expenditures. Unassigned fund balance in the General Fund representsapproximately 73.0 percent of total General Fund expenditures.

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

derived from specific annual property tax levy and fees charged for the programs. The Recreation Fundreported a decrease in fund balance of $19,283. Total revenues were $3,586,756, a decrease of5260,496 over the previous year. Property taxes decreased $174,492 or 10.9 percent and programrevenues decreased by $94,159 or approximately 4.2 percent.

On the expenditure side, program expenditures were down 536,302 at 1.8 percent and administrativeexpenditures were up 523,921 at 1.5 percent. The decrease in fund balance is due primarily toprogramming net dehcits.

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 a decrease in of $326,142, or 24.5 percent due to budgeted ADA improvement expendituresduring the year.

MD&A 8



FINANCIAL ANALYSIS OF THE GOVERNMENT'S FUNDS - Continued

Governmental Funds - Continued

The Capital Projects Fund increased slightly by 596,292. This fund is used to track projects fundedprimarily by debt proceeds issued for the purpose of completing major projects and/or capitalimprovements.

The Nonmajor Govemmental Funds had a decrease of $67,801 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 position in the amount of $138,767 or 6.5 percent, primarily a result of an operating loss of$ 130,074.

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 reported a 523,639increase in net position.

GENERAL FUND BUDGETARY HIGHLIGHTS

The District passed a resolution approving the transfer between budgeted items a total of $60,935 in theGeneral Fund during the year. The total budget amount did not change. General Fund actual revenuesfor the year totaled 53,693,864 compared to budgeted revenues of $3,828,145.

Actual charges for services of $561,282 were $118,613 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 minimal planned surplus of $7,465.

The General Fund actual expenditures for the year were $593,922 lower than budgeted (53,226,758actual compared to $3,820,680 budgeted).

MD&A 9



CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

The District's investment in capital assets for its governmental and business type activities as of April30,2013 was $31,318,956 (net of accumulated depreciation). This investment in capital assets includesland, construction in progress, land improvements, buildings, machinery and equipment, and licensed

vehicles. During the year the District implemented a new capital asset policy and restated the beginningcapital asset balances to be in compliance with the new policy. The below chart reflects fhe 2012balances as restated.

Capital Assets - Net of Depreciation

Governmental

Activities

Business-type

Activities Total

2013 2012 20t3 2012 2013 2012

Land

Construction in Progress

Land Improvements

Buildings

Machinery and Equipment

Licensed Vehicles

$ 15,901,750

1,808,345

3,673,846

6,379,864

453,283

206,260

75,907,750

170,911

4,004,655

6,378,831

510,833

203,019

226,571

340,769

2,306,821

21,447

226,571

8,717

377,947

2,327,756

22,354

16,128,327

1,808,345

4,014,615

8,686,685

474,730

206,260

16,128,321

179,628

4,382,602

8,700,587

533,187

203,019

Total 28,423,348 27 169 999

This year's major additions included

2011 F-150 Pickup Truck2012Ford Expedition

Racket Club Tennis Court Ceiling Renovation

West Beach Renovation (in progress)

Ken Bird Park Playground Replaced

Woodland Estates Playground Replaced

Lippold Park Entrance Sign

57 31,3 18,956 30,127,344

26,334

30,430

62,503

1,567,373

155,727

158,199

22,286

$

2,022,852

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 $8,539,515 as compared to $7,969,315 theprevious yeaÍ, an increase of 7.2 percent. The following is a comparative statement of outstanding debt:

Long-Term Debt OutstandingGovernmental

ActivitiesBusiness-type

Activities Total2013 2012 2013 2012 20t3 2012

General Obligation Bonds $ 8,100,515

Debt Certifìcates6,059,315

I,335,000 439,000

- 8,100,5 15

575,000 439,000

6,059,315

1,910,000

Total 8,100,515 7,394,315 439,000 575,000 8,539,5 l5 7 ,969,315

Standard and Poor's Rating Services assigned its 'AA' long-term rating to both the Park District's series2012^ general obligation limited tax park bonds and 20128 GO altemate revenue source bonds andreaffirmed its 'AA' long-term rating on the District's previously issued bonds. Its 'AA-'long-term ratingand underlying rating (SPUR) on the District's debt certificates is due to the certificates' limitedsecurity.

State statutes limit the amount of aggregate indebtedness Park Districts may issue to 2.875 percent of itstotal assessed valuation. The current debt limit for the District is $41,280,439. The non-referendum legaldebt limit (0.575% of assessed value) is $8,256,088.

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-year20l3l14 budget, tax rates, and fees that will be charged for its govemmental and business-type activities.One of those factors is the economy. Unemployment rates for April 30,2013 for McHenry County was8.9 percent and the state and national unemployment rates were 8.7 and'7.l percent, respectively.

These indicators were taken into account when adopting the General Fund budget for 2013114. Amountsavailable for appropriation in the General Fund budget are $3.8 million, stable with the finaI 2012budget of $3.8 million. The District anticipates little change in tax revenues, budgeting $6.657 millionfor 20l3ll4 as compared to the final 20I2lI3 budget of $6.644 million, an increase of less than 1

percent. The District has added no major new programs or initiatives in the 2014 budget. The renovationof the West Beach building and seawall project will be completed. The building will include a multi-purpose room, washroom facilities for beach and facility users.

MD&A 1 1



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 hnances. 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, 1 E. Crystal Lake Avenue, CrystalLake, IL 60014.

MD&,{12

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:

o Government-Wide Financial Statements

o Fund Financial Statements

Governmental Funds

Proprietary Funds

In addition, the notes to the financial statements are included to provide information that isessential to a user's understanding of the basic financial statements.


Statement of Net PositionApril30,2013

See Following Page


Statement of Net PositionApril30,2013

Governmental

ActivitiesBusiness-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

TotalAssets

$ 7,551,066 48,788 7,599,954

6,574,500 35,211 6,609,711

27,Q02 27,002

49,760 4,715 54,475

14,175,326 115,716 14,291,042

17,710,095 226,571 17,936,666

20,021,004 4,434,102 24,455,106

(e ,307,751\ (1,76 (11,072,916)

28,423,349 2,895,608 31,319,956

42,599,674 3,011.324 45,609,998

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

Governmental


Activities Total

LIABILITIESCurrent Liabilities

Accounts Payable

Accrued PayrollAccrued Interest Payable

Other Payables

Compensated Absences Payable

Current Portion Long-Term DebtTotal Curent Liabilities

Noncurrent LiabilitiesCompensated Absences Payable

Other Postemployment Benefit Payable

General Obligation Bonds Payable

Debt Cenificates Payable

Total Noncurrent LiabilitiesTotal Liabilities

DEFERRED INFLOWS OF RESOURCESProperly Taxes

Total Liabilities and Deferred Inflows of Resources

NET POSITIONNet Investment in Capital Assets

Restricted - Special LeviesSpecial Recreation

IMRFLiability Insurance

AuditMuseum

Unrestricted

Total Net Position

$ 393,879

97,080

74,036189,675

34,814r.720.515

34,539

24,151

3,767

3,769

6,773

70,000

428,419

121,231

77,903

193,444

41,59','l

I,790,5 l52,509,ggg 142,999 2.652.998

139,256

36,3146,3 80,000

27,094

369,000

166,3 50

36,314

6,380,000

369,0006,555,570 396,094 6,951,664

9,065,569 539,093 9,604,662

6,5 60.31 I 6,560,31 I15,625,880 539,093 16,164,973

21,635,075 2,456,608 24,091,693

1,005,906

r38,847

176,417

6,248l5g,g25

3,851,376 15,623

2 794 72 231

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

1,005,906

t38,947

176,417

6,248158,925

3,866,999

4

29 44 5


Statement of ActivitiesYear Ended April 30, 2013

Program Revenues

Expenses

Charges

Services

Capital

Grants/

Contributions

for

Governmental ActivitiesGeneral GovernmentRecreation

Interest on Long-Term DebtTotal Governmental Activities

Business-Type ActivitiesRacket ClubGolf Learning Center

Total Business-Type Activ ities

$ 4,945,376

3,666,897

188,957

561,282

2,173,54060,046

561

8,801.230 2,73 4,822 60,607

1,509,458

ll7,6131,369,450

141,252

r,627,071 1,510,702

Total Primary Government 10,428,301 4,245,524 60,607

General Revenues

Taxes

Property Taxes

Replacement Taxes

Interest Income

Miscellaneous


Net Position - Beginning as Restated

Net Position - Ending

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

5

Net Expense/Revenue

Governmental


Activities Total

(4,324,049)

(1,492,796)

0 88.957)

(4,324,049)

(1,492,796)(188,9s7)

6,005,80 l)( (6,005,801)

(140,008)

23,639

(140,008)

23,639

(6.00s.801)

(11 6,369) (l 16,369)

(11 6,369) (6,122,170')

1,241

6,574,621

64,995

24,28120,859

1,241 6,684,655

(1 15,128) 562,485

2,587 ,359 28,882,540

72.231 29.445.025


6

6,574,621

64,895

23,040

20 858

6,683,4r4

677,613

26,295,t91

26.972. 794

CRYSTAL LAKE PARI( DISTRICT, ILLINOIS

Balance Sheet - Governmental FundsApril30,2013

ASSETS


Receivables - Net of AllowancesTaxes

Other

Prepaids

Total Assets

LIABILITIES

Accounts Payable

Accrued Payroll

Other Payables

Total Liabilities

DEFERRED INFLO\ilS OF RESOURCES

Property Taxes

Total Liabilities and Defened Inflows of Resources

FUND BALANCES

Nonspendable

Restricted

Committed

Assigned

Unassigned

Total Fund Balances

General Recreation

s 2,738,679 1,745,339

3,103,739

6,955

7,423

I ,3 gg,5 13

4,115

l4,ggl

5,856,795 3,153,957

83,902

30,140

35,592

90,203

57,091

153,983

149,634 301,277

3,103,739 1,389,512

3,253,373 1,690,789

7,423 14,991

1,448,177

239,071

2,356.928

2,603,422 1,463,169

Total Liabilities, Deferred Inflows of Resources and Fund Balances 5,856,795 3,153,957


7

Special

Recreation

Debt

Service

Capital

Projects

NonmajorGovernmental

Funds

Total

Governmental

Funds

1,007,906

276,481

45,303

993,573

1,498,400 5r5,44r 7,551,066

6,560,313

14,187

49,760

797,007

3,177

27,346

r.284,387 1,03 8,876 1,498,400 1,342,911 t4,175,326

2,000

189,601 30,173

7,849100

393,879

97,080

189,675

2,000 189,601 38,122 680,634

276,481 993,573 797,006 6,560,31 1

278,481 993,573 189,601 835,128 7.240,945

1,005,906 45,303

27,346

480,437

49,760

1,531,646

1,448,177

1,547,870

2,356,9281,308,799

1,005,906 45,303 7,308,799 507,783 6,934,381

I 76 34 11I


8

87 t4 175 26


Reconciliation of Total Governmental Fund Balance to

the Statement of Net Position - Governmental Activities

April30,2013

Total Governmental Fund Balances

Amounts Reported for Governmental Activities in the Statement of Net Position

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 Current

Period 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 Position of Governmental Activities

$ 6,934,3 8l

28,423,348

(174,070)(36,314)

(8,1 00,5 1 5)

(74,036)

26,972,794

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, 2013

See Following Page

CRYSTAL LAKE PARK DISTRICT' ILLINOIS

statement of Revenues, Expenditures and changes in Fund Balances - Governmental Funds

Year Ended April 30, 2013

General Recreation

Revenues

Taxes


Grants and Donations

Interest

MiscellaneousTotal Revenues

Expenditures

CurrentGeneral Government

Recreation

Capital Outlay

Debt Service

Principal Retirement

Interest and Fiscal Charges

Total Expenditures

Excess (Deficiency) of Revenues

Over (Under) Expenditures

Other Financing Sources (Uses)

Debt Issuance

Premium on Debt Issuance

Payment to Escrow Agent

Transfers InTransfers Out

Net Change in Fund Balances

Fund Balances - Beginning

Fund Balances - Ending

$ 3,061,206

561,282

60,046

8,982

2,348

1,422,748

2,141,099

5,990

1 l93,693,864 3,586,756

2,606,197 1,579,407

2,018,050

8,58835,531

435,000

150,030

3,226,758 3,606,039

467 106 19 J

467,106 (19,283)

) 136,316 I

) 603.422


10

1,463 .168

Special

Recreation

Debt

Service

CapitalProjects

NonmajorGovernmental

Funds

Total

Governmental

Funds

449,303 970,408 735,851

32,441

561

1,605

6,639,516

2,734,822

60,607

23,0402,318

4

1,129

9

3,016

578 20 858

451,625 971,546 3,016 772,036 9,478,843

777,767

68,522

7,919,679

600,259

239,578

4,854,379

3,035,395

1,963,798

1,484,315

261,751

7,049,315

tl1,72l777,767 1,161,036 1,ggg,2o l 839,837 11,599,638

ß26.142) fl89.490) û ,985,185) (67,801) (2,120,795)

1,925,515

(1,245,000)

(485 000)

I ,5 10,000

86,477

485,000

3,435,575

86,477

(1,245,000)

485,000(485,000)

195,515 2,097,477 2,276,992

(326,t42)

1,332,049

6,025

39,278

96,292

1,212,507

(67,80 1)

575,584

156,197

6,779,194

45,303 r,308,799 507,7831,005,906 6,934,381


11


Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances

to the Statement of Activities - Governmental Activities

Year Ended April 30, 2013

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 the

Statement of Activities the Cost of those Assets is Allocated over their Estimated

Useful Lives and Reported as Depreciation Expense.

Capital OutlaysDepreciation Expense

The Net Effect of Various Miscellaneous Transactions Involving Capital Assets

is to Decrease Net Position.

Disposals - Cost

Disposals - Accumulated Depreciation

The Issuance of Long-Term Debt Provides Current Financial Resources to

Governmental 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

Additions to Compensated Absences Payable

Additions to Net Other Postemployment Benefit Obligation Payable

Changes to Accrued Interest on Long-Term Debt in the Statement of Activities

does not Require the use ofCurrent Financial Resources and, therefore, are not

Reported as Expenditures in the Governmental Funds.

Changes in Net Position of Governmental Activities


t2

$ 156,197

2,045,924(729,950)

(237,393)

174,768

(3,43 5,5 1 5)

2,729,315

(5,343)

(6,707)

(13,683)

677,613


Statement of Net Position - Proprietary FundApril30,2013

Business - Type ActivitiesRacket

ClubGolf Learning

Center TotalASSETS

Current Assets

Cash

Accounts Receivables - Net of AllowancesDue from Other Funds

InventoriesPrepaids

Total Current Assets

Noncurrent Assets

Capital Assets

Nondepreciable

Depreciable

Accumulated DepreciationTotal Noncurrent AssetsTotal Assets

LIABILITIESCurent Liabilities

Accounts Payable

Accrued PayrollAccrued Interest

Due to Other Funds

Other Payables

Compensated AbsencesDebt Certifi cates Payable

Total Current Liabilities

Noncurrent LiabilitiesCompensated AbsencesDebt Certifi cates Payable

Total Noncunent LiabilitiesTotal Liabilities

NET POSITIONNet Investment in Capital AssetsUnrestricted

(I ,344,615) (420,450) (1. 765,065)2,319,156 576,452 2,995,609)<39,173 578,224 3,117,397

$ 4g,7gg

35,211

106,073

25,544

4,4011,45 g

314

48,799

35,211

106,073

27,002

4,715220,017 1,772 221,799

200,000

3,463,77126,571

970,331

226,571

4,434,102

29,296

22,969

3,767

6,773

70,000

5,253

l,l 83

106,073

3,769

34,539

24,151

3,767

106,073

3,769

6,773

70,000132,794 116,279 249,072

27,094

369,00027,094

369,000396,094 396,094528,ggg ll6,27g 166

576,452(l14,s06)

TotalNet Position

The notes to the financial statements are an integral part of this statement.l3

1,990,156

l30,l2g2,456,609

15,623


Statement of Revenues, Expenses and Changes in Net Position - Proprietary Fund

Year Ended April30' 2013

Business - Type Activities

Racket

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 (Expen ses)

Interest Income

Interest Expense




$ 1,209,453

135,390

24,607

135,139

6,113

1,344,592

141,503

24,607

7,369,450 147,252 1,510,702

15,439

1,402,476

81,609

81,249

33,914

15,439

1,483,725

115,523

1,499,524 115,163 1,6 t4,687

130,074)( 26.089 (103,98 s)

1,241 1,241

72,384934 0

(8,693) (2,450) (1 1,143)

(138,767) 23,639 (115,128)

2,149,052 438,307 2.587,359

2.010.285 461.946 2,472,231

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

l4


Statement of Cash Flows - Proprietary FundYear Ended April 30, 2013

Business - Type ActivitiesRacket

ClubGolf Learning

Center Total

Cash Flows from Operating ActivitiesReceipts from Customers and Users

Payments to Suppliers

Payments to Employees

Cash Flows from Capital and Related Financing ActivitiesPrincipal Payments

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

(65,299) 72,450 7,151

$ 1,3 50,489

(57r,944)(843,844)

142,168

(27,593)(42,125)

1,492,657

(599,537)(885,969)

(66,000)

(9,934)(53,786)

(70,000)

(2,450)(136,000)

(t2,384)(53,786)

(t29,720) (72,450) (202,170)

7,241 1,241

(t93,778) (193,778)

242,566 242,566

48,788 48,788

(130,074) 26,089 (103,985)

81,609

(18,961)

2,127

33,914

916

I 1,531

115,523

(18,045)

13,658

Net Cash Provided by Operating Activities (65,299\ 72.450 7,t5t

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

l5


Notes to the Financial StatementsApril30,2013

NOTE 1- SUMMARY OF SIGNIF'ICANT 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 govemments through its pronouncements (Statements andInterpretations). The more significant of the District's accounting policies established in GAAP and usedby the District are described below.

REPORTING ENTITY

In determining the financial reporting entity, the District complies with the provisions of GASBStatement No. 39, "Determining V/hether Certain Organizations are Component Units - anAmendment of GASB Statement No. 14," and includes all component units that have a significantoperational or fltnancial relationship with the District. Based upon the criteria set forth in the GASBStatement 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 government-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 classified as governmentalactivities. The District's pre-school/daycare services are classified as business-type activities.

In the government-wide Statement of Net Position, 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/deferred outflows and receivables aswell as long-term debt/deferred inflows and obligations. The District's net position is reported in threeparts: net investment in capital assets; restricted; and unrestricted. The District first utilizes restrictedresources to finance qualifying activities.

I6



NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

BASIS OF PRESENTATION - Continued

Government-\üide Statements - Continued

The govemment-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 intergovemmental revenues, interest income, etc.). The Statement of Activities reduces grossexpenses (including depreciation) by related program revenues, which include l) 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 intergovernmental 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 position 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 separate set of self-balancing accounts thatcomprise its assets/deferred outflows, liabilities/deferred inflows, fund equity, revenues andexpenditures/expenses. Funds are organized into two major categories: govemmental and proprietary.An emphasis is placed on major funds within the governmental category. A fund is considered major ifit is the primary operating fund of the District or meets the following criteria:

Total assets/deferred outflows, liabilities/defened inflows, revenues, orexpenditures/expenses of that individual governmental or enterprise fundare at least 10 percent of the corresponding total for all funds of thatcategory or type; and

I7



NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued



Total assets/deferred outflows, liabilities/deferred inflows, revenues, oÍexpenditures/expenses of the individual governmental fund or enterprisefund are at least 5 percent of the corresponding total for all govemmentaland enterprise funds combined.

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

Governmental Funds

The focus of the governmental 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 governmental 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 specified 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 general

long-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 assets

except 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 netposition, financial position, and cash flows. The generally accepted accounting principles applicable are

those similar to businesses in the private sector. The following is a description of the proprietary fundsof the District:

18



NOTE r - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued



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, berecovered with fees and charges or (c) establishes fees and charges based on a pricing policy designed torecover similar costs. The Racket Club Fund, a major fund, is used to account for the operations of theRacket 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 GolfLearning 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 Position 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 "cunent financial resources" measurement focus or the"economic resources" measurement focus is used as appropriate.

All governmental funds utilize a "current financial resources" measurement focus. Only currentf,rnancial assets/deferred outflows and liabilities/deferred inflows are generally included on their balancesheets. Their operating statements present sources and uses of available spendable financial resourcesduring a given period. These funds use fund balance as their measure of available spendable financialresources at the end ofthe period.

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

t9



NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

MEASUREMENT FOCUS AND BASIS OF ACCOUNTING - Continued

Basis of Accounting

In the government-wide Statement of Net Position and Statement of Activities, both governmental andbusiness-type activities are presented using the accrual basis of accounting. Under the accrual basis ofaccounting, revenues are recognized when eamed and expenses are recorded when the liability/defenedinflow is incurred or economic asset used. Revenues, expenses, gains, losses, assets/deferred outflows,and liabilities/deferred inflows resulting from exchange and exchange-like transactions are recognizedwhen 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 recognizesproperty 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 governmentalfund 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 revenuessusceptible to accrual are property taxes, interest revenue, and charges for services. All other revenuesare 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 earned 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/DEFERRED OUTFLO\ilS, LIABILITIES/DEFERRED INFLOWS, AND NETPOSITION OR EQUITY


For purpose of the Statement of Net Position, the District's cash and cash equivalents are considered tobe cash on hand, demand deposits, and cash with fiscal 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 revenues

and 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.

Prepaids/Inventories

Prepaids/inventories are valued at cost, which approximates market, using the first-irVfirst-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 f,rnancialstatements.

Capital Assets

Capital assets purchased or acquired with an original cost of $l to $250,000 or more are reported at

historical cost or estimated historical cost. Contributed assets are reported at fair market value as of thedate received. Additions, improvements and other capital outlays that significantly extend the useful lifeof an asset are capitalized. Other costs incurred for repairs and maintenance are expenses as incurred.

2l



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NETPOSITION OR EQUITY - Continued

Capital Assets - Continued

The accounting and financial reporting treatment applied to a fund is determined by its measurementfocus. General capital assets are long-lived assets of the District as a whole. V/hen purchased, suchassets 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 historicalcost based on replacement costs.

Depreciation on all assets is computed and recorded using the straight-line method of depreciation overthe following estimated useful lives:

Land Improvements

Buildings


Licensed Vehicles

l0 -20 Years

45 Years

5 -20 Years

3 - 10 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 benefits. 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 hnancialstatements. A liability for these amounts is reported in the govemmental funds only if they havematured, for example, as a result of employee resignations and retirements.

22



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEF'ERRED INFLO\ilS, AND NETPOSITION 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 governmental activities statement of net position. Bond premiums and

discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the

effective interest method. Bonds payable are repofed 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 financial statements, governmental 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.

Net Position

In the government-wide financial statements, equity is classif,red as net position and displayed in three

components:

Net investment in capital assets - Consists of capital assets, including restrictedcapital assets, net of accumulated depreciation, and reduced by the outstandingbalances of any bonds, mortgages, notes or other borrowings that are attributableto the acquisition, construction, or improvement of those assets.

Restricted - Consists of net position with constraints placed on the use either by(1) external groups such as creditors, grantors, contributors, or laws or regulationsof other governments; or (2) law through constitutional provisions or enablinglegislations.

Unrestricted - All other net position balances that do not meet the definition of"restricted" or "net investment in capital assets."

NOTE 2 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

BUDGETARY INFORMATION

The Combined Budget and Appropriation Ordinance are prepared in tentative form by the ExecutiveDirector and are made available by the Board of Park Commissioners for public inspection 30 days priorto final Board action. A public hearing is held on the tentative budget to obtain taxpayer comments.

23


Notes to the X'inancial StatementsApril30,2013

NOTE 2 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY - Continued

BUDGETARY INFORMATION - Continued

Prior to August I the appropriations are legally enacted through the passage of a combined budget andappropriation ordinance. All actual expenditures/expenses contained herein have been

"ompur.d 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 l0% of thetotal amount appropriated in such fund.

' After six months of the fiscal year, by two-thirds vote, transfer any appropriationitem 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 Bóard ofPark Commissioners. Expenditures may not legally exceed budgeted appropriations at ihe fund level.There were several supplemental appropriations during the year.

EXCESS OF'ACTUAL EXPENDITURES OVER BUDGET IN INDIVIDUAL FUNDS

The following fund had an excess of actual expenditures over budget as of the date of this report:

Fund Excess

Debt Service g 12,121

The excess in Debt Service expenditures is due to the unforeseen opportunity to refund the 20044 DebtCertificates for interest savings.

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'sportion 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 incommercial 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.

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 theIllinois Park District Liquid Asset Fund do operate in a manner consistent with Rule 2a7 of theInvestment 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 55,437,054 and the bank balancestotaled $5,456,579. In addition, the District had $999,197 invested in the Illinois Funds and $1,163,603invested in the Illinois Park District Liquid Asset Fund both with an average maturity of less than oneyear.

Interest Rate Risk. Interest rate risk is the risk that changes in interest rates will adversely affect thefair value of an investment. It is the policy of the District to invest its funds in a manner which willprovide the highest investment retum 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 publicfunds, 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 fulfrll itsobligations. State law limits investments in commercial paper, corporate bonds and mutual funds to thetop 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 Governmentor securities issued by agencies of the United States Government that are explicitly or implicitlyguaranteed by the United States Government. As of April 30, 2013, the District's investment in theIllinois Funds and the Illinois Park District Liquid Asset Fund was rated AAAm by Standañ & Poor's.

Concentration of Credit Risk. Concentration of credit risk is the risk of loss attributed to themagnitude of the District's investment in a single issuer. The District's investment policy does notaddress concentration of credit risk. At year-end, the District has over 5 percent of the total cash andinvestment portfolio (other than U.S. Government guaranteed obligations) invested in the Illinois Fundsand 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, theDistrict's deposits may not be returned 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 athird party in the District's name.

25




DEPOSITS AND INVESTMENTS - Continued

Interest Rate Risk, Çredit 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 notbe able to recover the value of its investments or collateral securities that are in the possession of anoutside party. The District's investment policy does not address custodial credit risk for investments.

PROPERTY TAXES

Property taxes for the 2012 levy attach as an enforceable lien on January I, 2013, on property valuesassessed as of the same date. Taxes are levied by June of the subsequent fiscal year (by passage of a TaxLevy Ordinance). Tax bills are prepared by the County and are payable in two installments on or aboutJune 1, 2013, and September 1, 2013. The County collects such taxes and remits them periodically. Theallowance for uncollectible taxes has been stated at l.25Yo of the tax levy, to reflect actual collectionexperience.

INTERFUND TRANSFERS

Interfund transfers for the year consisted of the following:

Transfer In Transfer Out Amount

Capital Projects Debt Service $ 485,000

Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them tothe fund that statute or budget requires to expend them, (2) move receipts restricted to debt service fromthe funds collecting the receipts to the debt service fund as debt service payments become due, and (3)use untestricted 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

Colf Learning Center $ 106,073

26

Racket Club




CAPITAL ASSETS


Governmental capital asset activity for the year was as follows:

Beginning

Balances

as Restated Increases Decreases

EndingBalances

Nondepreciable Capital Assets

Land


Depreciable Capital Assets

Land Improvements

Buildings

Machinery and EquipmentLicensed Vehicles

Less Accumulated DepreciationLand Improvements

Buildings

Machinery and EquipmentLicensed Vehicles

1,647,524 10,090

16,072,661 1,647,524 10,090 17,710,095

$ 15,901,750

t70,9ll15,901,750

1,808,345

7,226,211

10,904,617

1,039,604

679,475

37,800

313,926

60,667

152,232

7,203,350

1 1,066,3 1 1

1,039,604

711,73956,764 24,50019,849,907 408.490 237,393 20,021,004

3,221,5564,525,796

528,771

476,456

358,758

260,r7957,550

53,523

50,810

99,458

3,529,504

4,686,447

586,321

505,47924,5008.752,569 729,950 t74,768 9,307,75r

Total Net Depreciable Capital Assets 11,097,338 (321,460) 62,625 10,713,253

Total Net Capital Assets 27.169.999 t.326.064 72,7ts 28,423.348

Depreciation expense was charged to govemmental activities as follows:

General GovernmentRecreation

S 78,947

651,003

27

729,950




CAPITAL ASSETS - Continued

Business-Type Activities

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

BeginningBalances

as Restated Increases Decreases

Ending

Balances

Nondepreciable Capital Assets

Land


Depreciable Capital Assets

Land Improvements

Buildings


Less Accumulated DepreciationLand Improvements

Buildings


s 226,571

8,717

226,577

53,786 62,503

235,288 53,786 62,503 226,571

743,5643,574,768

53,267

62,503

743,564

3,637,271

53,267

4,371,599 62,503 4,434,102

365,617

1,253,012

30,913

37,178

77,438

907

402,795

1,330,450

31,8201,649,542 115,523

Total Net Depreciable Capital Assets 2,722,057 (s3 020)

Total Net Capital Assets 2.957.345 766

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

Racket ClubGolf Learning Center

1,765,065

2,669,037

62.503 2.895.608

81,609

33,914

28

$

tt5,523




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 and

credit of the District. General obligation bonds currently outstanding are as follows:

Issue

Beginning

Balances Issuances Retirements

Ending

Balances

$1,800,000 General Obligation Limited Bonds

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

to 6.125o/o through December 30,2012. $ 125,000

$1,500,000 General Obligation (Alternate

Revenue Source) Bonds of 20068 - Due inannual installments of $200,000 to $300,000plus interest at 3.60Yo to 3.75% through

December 30,2015.

$1,500,000 General Obligation (Alternate

Revenue Source) Bonds of 2008B - Due in

annual installments of $105,000 to $300,000

plus interest at 3.50o/o to 4.25% through

December 30,2019.

$1,645,000 General Obligation Limited Tax

Refunding Park Bonds of 20094 - Due inannual installments of $35,000 to $380,000

plus interest at 2.20Yo to 3.25% through

December 30,2016.

l,05o,ooo

1,395,000

1,53 0,000

125,000

225,000 825,000

120,000 1,275,000

29

190,000 1,340,000


Notes to the Financial StatementsAprit 30,2013


LONG-TERM DEBT - Continued

General Obligation (Alternate Revenue Source) Bonds - Continued

Issue

BeginningBalances Issuances Retirements

EndingBalances

S1,500,000 General Obligation (AlternateRevenue Source) Bonds of 20104 - Due inannual installments of $135,000 to $170,000plus interest at 0.80% to 2.80% throughDecember 15,2020.

$594,315 General Obligation Limited TaxPark Bonds of 2011 - Due in one installmentof $594,315 on October 15, 2012 plus interest

at2.00Yo.

$680,515 General Obligation Limited TaxPark Bonds of 2012A - Due in one installmentof $680,515 on October 15,2014 plus interestat 0.50Yo.

$2,755,000 General Obligation (AlternateRevenue Source) Bonds of 20128 - Due inannual installments of $110,000 to $350,000plus interest at 0.20Yo through December 15,

2023.

$ 1,365,000 140,000 1,225,000

594,315 594,315

680,515 680,5 l5

2 755 000 2,755,000

6,059,315 3,435,515 1,394,315 8,100,515

30





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

S590,000 Debt Certificates of 2003 - Due inannual installments of 550,000 to $70,000 plus

interest at I.20%o to 3.50%o through December

30,2012.

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

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

$505,000 Debt Certificates of 20ll - Due inannual installments of $66,000 to $78,000 plus

interest at 1.25%o to 2.80Yo through December

15,2018.

* Refunded

$ 70,000

1,33 5,000

505,000

70,000

1,245,000 ¡ß

90,000

66,000 439,000

1,910,000 226,000 439,000

3l





Long-Term Liability Activity

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

Type ofDebtBeginning

BalancesEnding

Balances

AmountsDue withinOne YearAdditions Deductions

Governmental ActivitiesCompensated Absences

General Obligation BondsDebt Certificates

Net Other Post-EmploymentBenefits Obligation

Business-Type ActivitiesCompensated Absences

Debt Certificates

29,607 6,707

s 168,727

ó,059,315

1,335,000

10,696

3,435,515

5,343

1,394,315

1,335,000

174,070

8,100,5 15

34,814

1,720,515

36,3r4

7-592.649 3.452.908 2.734.658 8.310.899 r.755.329

42,628575,000

8,761 17,522

136,000

33,867

439,000

6,773

70,000

617 628 8.761 153.522 472. 867 76.773

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 generalobligation bonds are made by the General Fund and Debt Service Fund. The Debt Service Fund alsomakes payments on the debt certificates. For the business-type activities, compensated absences anddebt certificates are liquidated by the Racket Club and Golf Leaming Center Funds.

32





Debt Service Requirements to Maturity

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

Governmental ActivitiesFiscal Year

Ending

April30

General

Obligation Bonds

Principal Interest

2014

20r520r62017

2018

20t92020

2021

2022

2023

2024

Total

Fiscal Year

EndingApril30

$ 1,720,515

990,000

1,2go,ooo

1,045,000

600,000

670,000

745,000

520,000

255,000

l3 5,000

140,000

209,507

176,760

147,065

108,845

79,633

63,540

45,000

22,360

10,600

5,500

2,900

8. 100.5 1 5 87 1.61 0

Business-Type ActivitiesDebt

Certificates

Principal Interest

2014

2015

2016

20t72018

20t9

70,000

71,000

72,000

73,000

75,000

78,000

9,042

8,096

6,960

5,628

4,0602,184

$

Total

JJ

439,000 35,970



NOTE 3 - DETAIL NOTES ON ALt FUNDS - Continued


Defeased Debt

On October 4, 2012, the District issued $2,755,000 par value General Obligation (Alternate RevenueSource ) Bonds of 20128 to refund $1,245,000 of the Debt Certificates of 20044. The District defeasedbonds by placing the proceeds of the new bonds in an irrevocable trust to provide for all future debtservice payment of the old bonds. Since the requirements that normally satisfy defeasance have beenmet, the financial statements reflect satisfaction of the original liability through the irrevocable transferto an escrow agent of an amount computed to be adequate to meet the future debt service requirementsof the issue. Accordingly, the trust account assets and the liability for the defeased bonds are notincluded in the government's basic financial statements. Through this refunding, the District reduced itstotal debt service by $ 179,3 l6 and obtained an economic gain of $ 170,481 .

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 andlands to be used as a site for an arrnory, any park district is authorized to issue the bonds or notes of suchpark 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 2.815% of the value of thetaxable property therein, to be ascertained by the last assessment for state and county taxes previous to theissue from time to time of such bonds or notes or, until January l, 1983, if greater, the sum that isproduced by multiplying the district's 1978 equalized assessed valuation by the debt limitation percentagein effect on January I, 1979, if a petition, signed by voters in number equal to not less than2%o of thevoters 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 areferendum held on the question."

AssessedValuation -2012 $ 1,435,841,354

Legal Debt Limit - 2.875% of Assessed ValueAmount of Debt Applicable to Limit

Legal Debt Margin

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

Amount of Debt Applicable to Debt Limit

41,280,439

2,459,515

38,820,924

8,256,088

2,020,515

Non-Referendum Legal Debt Margin

34

6,235,573


Notes to the Financial StatementsApril30, 2013


NET POSITION/FUND BALANCE

Net Position Classifications

Net investment in capital assets was comprised of the following as of April 30,2013:

Governmental ActivitresCapital Assets - Net of Accumulated DepreciationPlus Unspent Bond Proceeds

Less Capital Related Debt:General Obligation (Alternate Revenue Source) Bonds of 20068General Obligation (Alternate Revenue Source) Bonds of 20088General Obligation Limited Tax Refunding Park Bonds of 20094General Obligation Limited Tax Park Bonds of 20104General Obligation Limited Tax Park Bonds of 2012AGeneral Obligation (Alternate Revenue Source) Bonds of 20128

Net Investment in Capital Assets

Business-Type ActivitiesCapital Assets - Net of Accumulated Depreciation

Less Capital Related Debt:Debt Certificates of 201I


(825,000)(1,275,000)

(1,340,000)(1,225,000)

(680,5 l5)(2,755,000)

s 28,423,348

1,312,242

(8,1 00,5 1 5)

21,635,015

2,895,608

(439,000) (439,000)

2,456,609

35




NET POSITION/FUND BALANCE - Continued

Fund Balance Classifications

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

General

Special

Recreation Recreation

Capital

Projects Nonmaior

Debt

Service Total

Fund Balances

Nonspendable

Prepaids s 7,423 14,991 27,346 49,760

Restricted

Special Recreation

IMRF

Liability Insurance

Audit

Museum

Debt Service

1,005,906 1,005,906

138,847

176,417

6,248

158,925

45,303

138,947

176,417

6,249

158,925

45,303

1,005,906 45,303 480,437 1,531 ,646

Committed

Recreation Programs

Assigned

Impact Fees

Capital Projects

Unassigned

1,449,177 1,448,177

239,071

1,308.799 799239,07t 799 1,547 ,870

2,356929 2,356,929

239,071

Total Fund Balances 2,603,422 I 68 I 45,303 I 08 799 507 783 6,934,391

In the governmental funds financial statements, the District considers restricted amounts to have beenspent when an expenditure is incurred for purposes for which both restricted and unrestricted fundbalance is available. The District first utiliies committed, then assigned and then unassigned fundbalance when an expenditure is incurred for purposes for which all thrãe unrestricted fund balances areavailable.

36




NET POSITION/FUND BALANCE - Continued

Fund Balance Classifications - Continued

Minimum Fund Balance Policy. The Districts policy states that the General Fund shall maintain aminimum fund balance equal to 35%o of annual budgeted expenditures. For all other governmental fundsexcept the Debt Service Fund, minimum fund balance shall equal25%o of annual budgeted expenditures.For the Debt Service Fund, minimum fund balance shall equal 10% of annual budgeted expenditures.

Assigned Fund Balance. The District reports assigned fund balance in the General Fund and CapitalProjects Fund, both major funds. The District's Board, through the District's adopted fund balancepolicy, has given authority to management (Executive Director) to assign these funds to impact fees andfuture park improvement projects and equipment and vehicle purchases based on approvedBoard/management expenditures as determined through 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 of the budget ordinance. Formal Board action thru the adoption of an ordinance isrequired to establish, modify, or rescind a fund balance commitment.

NET POSITION RESTATEMENTS

Beginning net position was restated in the following funds/activities due to the implementation of theDistrict's new capital assets policy.

Fund EquiW As Reported As Restated

Increase(Decrease)

Governmental ActivitiesBusiness-Type Activities

Racket ClubGolf Learning Center

$ 27,885,518

2,935,259

2,42r,044514,215

26,295,181

2,597,359

2,149,052

438,307

(1,590,337)

(347,900)(271,992)

(75,908)

37



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 offtcials',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 I,2013:

Coverage

MemberDeductible

PDRMA Self-Insured

Retention LimitsPROPERTYProperW/B I de/Contents

$ 1.000.000 $ 1.000.000/All MembersAll Losses per Occurrence $1,000Declaration I I525 0.000.0O0/Occurrence/Annl AssrFlood/Except Zones A&V $1,000 $1,000,000

Flood Zones A&V $1,000 $1,000,000 $200,000,000/Occurrence/Annl Aggr

Eathquake Shock $1,000 $100,000 $ I 00,000,OOO/Occurrence/Annl Aggr

$1.000 $1.000,000 IncludedAuto Physical Damage

Builders Risk $ l,000 Included $25,000,000

$ I,000 $ I 00,000,00O/Reported ValuesBusiness Interruption, Rental

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

N/A $25,000,000Service Interruption 24 Hours

Boiler and Machinery/Property Damage $ I 00,000,000 Equipment Breakdown

$9.000 ProperW Damage - IncludedProperty Damage $ 1,000

Business Income 48 Hours N/A Included

Fidelity/Crime $ 1,000 $24,000 $2,000,000

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

WORKERS COMPENSATIONWorkers Compensation N/A $s00,000 Statutory

Employers Liabilitv $500,000 $3,500,000 Employers LiabilityLIABILITYGeneral None $500,000 $2 1,500,000/Occurrence

Auto Liability None $500,000 $2 1,500,00O/Occurrence

Employment Practices None $500,000 $2 1.500.00O/Occurrence

Public Offi cials LiabiliW None $500,000 $2 1,500,00O/Occurrence

Law Enforcement Liability None $s00,000 $2 1,500,00O/Occurrence

UninsuredÂJnderinsured Motorist None $s00.000 $ 1.000.00O/Occurrence

38



NOTE 4 - OTHER INFORMATION - Continued

RISK MANAGEMENT - Continued

Park District Risk Management Agency (PDRMA) - Continued

Losses exceeding the per occuffence self-insured and reinsurance limit would be the responsibility of the

District.

As a member of PDRMA's Property/Casualty Program, the District is represented on the

Property/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 been

adopted 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 year

during which they were a member.

POLLUTION LIABILITYNone $25,000 S5,000,000/OccurenceLiability - Third Party

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

$ 1 5.000/Dav $450.000/LocationOUTBREAK EXPENSE$1 Million Assresate Policy Limit24 Hours N/A

INFORMATION SECURITY AND PRIVACY INSURANCE WITH ELECTRONIC MEDIA LIABILITY$ r 00,000 $2,000,000/Occurrence/Annual AggregateInformation Security & Privacy Liability None

$ r 00,000 $500,000/Occuruence/Annual AggregatePrivacy Notification Costs None

$ 100,000 $2,000,000/Occurrence/Annual AggregateRegulatory Defense & Penalties None

None $ 100,000 $2,000,000/Occurrence/Annual AggregateWebsite Media Content LiabilityNone $100,000 $2,000,000/Occuruence/Annual AggregateCyber Extortion

s1,000 $ 100,000 $2,000,000/Occurrence/Annual AggregateData Protection & Business Intemrption8 hours $r00,000 $25,000 hourly sublimit/$25,000 forensicFirst Party Business Intemrption

exp/$ I 00,000 dependent business intemrption

$5,000 Medical Expense and AD&DVOLUNTEER MEDICAL ACCIDENTNone $5,000 Excess of any other Collectible tns

$10,000 Follows Illinois LeakingUNDERGROUND STORAGE TANK LIABILITYUnderground Tank FundNone N/A

UNEMPLOYMENT COMPENSATIONStatutoryN/A N/A

39




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 3I,2012 and the statement of revenues and expenses for the period ending December 31,2012. The District's portion of the overall equity of the pool is 1.463% or $537,369.

Assets

Liabilities

Member Balances

Revenues

Expenditures

$58,731,852

22,007,198

36,724,654

2I,144,568

17,586,080

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.

40




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, 2013, the District paid $302,370 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 governments 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 govemed 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, payable

monthly for life, in an amount equal to l-213 percent of their final rate (average of the highest 48

consecutive months' eamings during the last 10 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 benefit,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 earnings, for each year of credited setvice,with a maximum salary cap of $106,800 at January I,2011. The maximum salary cap increases each

year thereafter.

4T

ÇRYSTAL LAKE PARK DISTRICT, ILLINOIS



EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN _ Continued

Plan Descriptions, Provisions and Funding Policies - Continued

The monthly pension of a member hired on or after January l, 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 l0 years ofcredited service may retire at or after age 62 and receive a reduced benefit. IMRF also provides deathand disability benefits. These benefit provisions and all other requirements are established by statestatute. Employees participating in the plan are required to contribute 4.50 percent of their annualcovered salary to IMRF. The employees' contribution rate is established by state statute. The District isrequired to contribute the remaining amount necessary to fund the IMRF plan as specified by statute.The employer contribution and arurual required contribution rate for calendar year 2013 was 12.89percent.

Funding Policy and Annual Pension Cost

For April 30,2013, the District's annual pension cost of $432,585 was equal to the District's requiredand actual contributions. The required contribution was determined as part of the December 31,2010actuarial 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%o

ayear, attributable to inflation, (c) additional projected salary increases ranging from 0.4Yo to 10.0% peryear, depending on age and service, attributable to seniorityimerit and (d) post-retirement benefitincreases of 3o/o annually. The actuarial value of IMRF assets was determined using techniques thatsmooth the effects of short-term volatility in the market value of investments over a five-year periodwith a 20Vo conidor. IMRF's unfunded actuarial accrued liability is being amofüzed as a levelpercentage of projected payroll on an open basis. The remaining amortization period at December 31,2013 was 30 years.

Trend Information

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

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

FiscalYear

AnnualPension

Cost

PercentageofAPC

Contributed

NetPension

Oblieation

20tt

2012

$ 396,538

395,916

432,585

100%

t00%

None

None

2013

42

100% None




EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued

Funded 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 12131/12

Percent Funded 71.74%

Actuarial Accrued Liabil ityfor Benefits $10,100,263

Actuarial Value of Assets s7,245,609

Over (Under) Funded ActuarialAccrued Liability (UAAL) ($2,854,654)

Covered Payroll (Annual Payrollof Active Employees Covered

by the Plan) $3,419,649

Ratio of UAAL to Covered

Payroll 83.48%

The schedule of funding progress, presented as Required Supplementary Information (RSI) followingthe notes to the financial statements, presents multiyear trend information about whether the actuarialvalue of plan assets are increasing or decreasing over time relative to the actuarial accrued liability forbenefits.

43




OTHER POST-EMPLOYMENT BENEFITS

Plan Descriptions, Provisions and Funding Policies

In addition to providing the pension benefits described, the District provides post-employment healthcare insurance benefits (OPEB) for its eligible retired employees through a single employer definedbenefit 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 unioncontracts. The plan is not accounted for as a trust fund, as an irrevocable trust has not been established toaccount for the plan. The plan does not issue a separate report. The activity of the plan is reported in theDistrict'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 ofhcials are

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

All 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 outpatientmedical 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 planbecomes secondary.

All retirees contribute I00%o of the actuarially determined premium to the plan. For the fiscal yearending April 30, 2013, retirees contributed $16,917. Active employees do not contribute to the plan untilretirement.

At April 30,2013, membership consisted of:

Retirees and Beneficiaries Currently ReceivingBenefits and Terminated Employees Entitledto Benefits but not yet Receiving Them

Active Employees

Total

Participating Employers

The District does not currently have a funding policy

2

62

64

1

44




OTHER POST-EMPLOYMENT BENEFITS - Continued

Annual OPEB Costs and Net OPEB Obligation

The net OPEB obligation (NOPEBO) as of April30,2013, was calculated as follows:

Annual Required Contribution

Interest on the NOPEBO

Adjustment to the ARC

Annual OPEB Cost

Actual Contribution

$ 11,808

1,1 84

(e87)

12,005

5,298

Increase in the NOPEBO 6,707

NOPEBO - Beginning of Year 29.607

NOPEBO - End of Year 36,314

Trend Information

The District's annual OPEB cost, actual contributions, the percentage of annual OPEB cost contributed

and the net OPEB obligation are as follows:

FiscalYear

Annual

OPEB

Cost

ActualContributions

Percentage

ofOPEBCost Contributed

NetOPEB

Obligation

20tt s 72,317 $

2012 13,587

0.00% S 24,239

8,219 60.49%

5,298

29,607

2013 12,005

45

44.13% 36,314




OTHER POST-EMPLOYMENT BENEFITS - Continued

Funded Status and Funding Progress

The funded status of the plan as of April 30,2013 was as follows:

Actuarial Accrued Liability (AAL)

Actuarial Value of Plan Assets

Unfunded Actuarial Accrued Liability (UAAL)

Funded Ratio (Actuarial Value of Plan Assets/AAL)

Covered Payroll (Active Plan Members)

UAAL as a Percentage of Covered Payroll

$ 152,03 8

152,038

0.0%

4,745,418

3.2%

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 include

assumptions about future employment, mortality, and the healthcare cost contributions of the employer

are 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 supplementary

information following the notes to the financial statements, presents multiyear trend information that

shows whether the actuarial value of plan assets is increasing or decreasing over time relative to the

actuarial 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 pattem of sharing of benefit costs between the employer and plan

members to that point. The actuarial methods and assumptions used include techniques that are designed

to reduce short-term volatility in actuarial accrued liabilities and the actuarial value ofassets, consistent

with the long-term perspective of the calculations.

In the April 30, 2013 actuarial valuation the entry age actuarial cost method was used. The actuarial

assumptions included a 4.0Yo investment rate of return (net of administrative expenses and an annual

healthcare cost trend rate of 8.0%. Both rates include a3.\Yo inflation assumption. The actuarial value ofassets was not determined as the District has not advance funded its obligation. The plan's unfunded

actuarial accrued liability is being amortized as a level percentage of projected payroll on an open basis.

The remainingamortization period at April 30,2013, was 30 years.

46

REQUIRED SUPPLEMENTARY INFORMATION

Required supplementary information includes hnancial 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:

Schedule of Funding Progress and Employer ContributionsIllinois Municipal Retirement FundOther Post-Employment Benefits Plan

a

o

o

a

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 acceptedaccounting principles.


Illinois Municipal Retirement Fund

Req ui red Supplementary InformationSchedule of Funding Progress and Employer ContributionsApril30,2013

Funding Progress

ActuarialValuation

Date

Dec. 31

(l)Actuarial

Valueof Plan

Assets

(2)ActuarialAccruedLiability(AAL)

- Entry Age

(3)Funded

Ratio(l) + (2)

(4)

Unfunded(Overfunded)

ActuarialAccruedLiability(2) - (1)

(s)AnnualCoveredPayroll

(6)Unfunded

(Overfunded)

ActuarialAccruedLiability

asaPercentage

of Covered

Payroll(4) + (s)

2007

2008

2009201020tl20t2

s 7,617,6347,707,662

8,061,737

6,536,8287,184,9297,245,609

$ 8,603,052

9,616,954r0,286,5679,305,692

9,951,37810,100,263

EmployerContributions

88.ss%80.15%

78.37%

70.25%72.20%71.74%

985,4181,909,792

2,224,8302,769,9642,766,4492,854,654

AnnualRequired

Contribution

s 3,297,4343,438,736

3,483,1163,496,gll3,3 91,007

3,479,648

29.88%55.52%

63.87%

79.18%8t.82%83.48%

Percent

Contributed

$

Employer Contributions

FiscalYear

200820092010

20tt201220t3

$$ 322,381349,032351,795

396,538

395,9t6432,585

322,381349,032351,795

396,538

395,9r6432,585

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

47


Other Post-Employment Benefits Plan

Required Supplementary fnformationSchedule of Funding Progress and Employer ContributionsApril30,2013

Funding Progress

ActuarialValuation

DateApril30

(1)Actuarial

Valueof Plan

Assets

(2)ActuarialAccruedLiability(AAL)

(3)Funded

Ratio(l)+ Q)

(4)


ActuarialAccruedLiability

(s)AnnualCovered

Payroll

(6)


ActuarialAccrued

Liability as a

Percentage

ofCoveredPayroll

(4) + (5)- Entry Age (2\ - (1)

2008

2009201 0

2011

20122013

N/AN/A

N/AN/A

N/AN/A

0.00%N/AN/A

0.00%

N/AN/A112,549

N/AN/A152,039

NiAN/A

2.40%N/AN/A

3.20%

$ $ N/AN/A112,549

N/AN/A152,03 g

EmployerContributions

N/AN/A

4,694,939N/AN/A

4,745,419

$ $

Employer Contributions

FiscalYear

AnnualRequired

ContributionPercent

Contributed

2008

2009

20102011

20122013

$$ N/AN/A

N/AN/A11,922

12,019

12,9gll1,g0g

N/AN/A

0.00%0.00%63.32%

44.87%

8,219

5,298

The Park District implemented GASB Statement No. 45 for the fiscal year ended April30, 2010. Informationfor prior years is not available. The Park District is required to have an actuarial valuation performed triennially

48


General Fund

Schedule of Revenues, Expenditures and

Changes in Fund Balance - Budget and ActualYear Ended April 30, 2013

Original FinalActual

AmountsBudgeted Amounts

Revenues

Taxes



Interest


Expenditures

General Government

AdministrationMaintenance and Operations

Capital OutlayDebt Service



Total Expenditures

Net Change In Fund Balance

Fund Balance - Beginning

Fund Balance - Ending

$ 3,070,000

679,895

65,500

8,250

4,500

3,070,000

679,895

65,500

8,250

4.s00

3,061,206

561,282

60,046

8,9822,348

3,828,145 3,828,145 3,693,864

1,250,250

1,909,980

75,050

1,207,250

1,954,130

73,900

435,000

150,400

957,059

1,649,138

35,531

435,000

150,030

435,000

150,400

3,820,680 3,820,680 3,226,758

7,465 7,465 467,106

2,136,316

2,603,422

49


Recreation - Special Revenue Fund



Original Final

Actual

Amounts

Budgeted Amounts

Revenues

Taxes

Property Taxes


Operations

Adult Recreation

Youth Recreation

Programs for All Ages

Senior Citizens

Special Events

Recreational Services

Lippold Park

Interest


Expenditures

General Government

Recreation

Capital OutlayTotal Expenditures

Net Change in Fund Balance


$ 1,425,000 1,425,000 1,422,748

97,500135,070

1,764,240

r42,955

23,150

66,670

36,000

209,775

5,000

24,725

97,500

135,070

1,764,240

t42,95523,150

66,67036,000

209,775

5,000

24,725

85,262

89,402

1,590,064

117,204

18,882

45,024

42,100

153,161

5,990

16,919

3,930,085 3,930,085 3,586,756

1,847,490

2,l6g,3go8,500

1,839,790

2,175,340

9,250

1,579,401

2,018,050

8,588

4,024,380 4,024,380 3,606,039

o4.29s\ (94,29s\ (19,283)

1,482,451


50

7,463,168


Special Recreation - Special Revenue Fund




Amounts

Budgeted Amounts

Revenues

Taxes

Propefty Taxes

Interest

Miscellaneous

Total Revenues

Expenditures

Recreation

Salaries and Wages

Contractual Services

Other Expenditures

Total Expenditures



Other Financing (Uses)

Transfers Out




$ 450,000

4,250

5,025

112,000

17,650

896.000

450,000

4,2505 02s

449,303

2,318

4

451 625459,275 459,275

112,000

17,650

996,000

56,020

s40

721,207

1,025,650 1,025,650 777 767

(566,375) (566,375) (326,142)

(24,000) (24,000)

(590,375) (590,375) (326,142)

1,332,048

1,005,906

51

OTHER SUPPLEMBNTARY INFORMATION

Other supplementary information includes financial statements and schedules not required by theGovernmental Accounting Standards Board (GASB), nor a part of the basic financial statements,but are presented for purposes ofadditional analysis.

Such statements and schedules include:

Budgetary Comparison Schedules - Major Governmental Fundsa

a

o

Combining Statements - Nonmaj or Governmental Funds

Budgetary Comparison Schedules - Nonmaj or Govemmental Funds

Budgetary Comparison Schedules - Enterprise Fundsa

COMBINING AND INDIVIDUAL FUNDFINANCIAL STATEMENTS AND SCHEDULBS

GENERAL F'UND

The General Fund accounts for all financial resources except those required to be accounted forin another fund.

SPECIAL REVENUE F'UNDS

Special Revenue Funds are created to account for the proceeds ofspecific revenue sources (otherthan fiduciary funds or capital project funds) that are legally restricted to expenditure forspecified purposes.

Recreation Fund

The Recreation Fund is used to account for the operations of the recreation programs. Financingis provided primarily from an annual property tax levy, and from fees charged for programs andactivities.

Special Recreation Fund

The Special Recreation Fund is used to account for revenues derived from a specific annualproperty tax levy and expenditures of these monies to the Northern Illinois Special RecreationAssociation to provide special recreation programs for the physically and mentally challengedresidents, 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 fund payments to the state controlled pension fund and the federallyadministered social security program.

Liabitity Insurance Fund

The Liability Insurance Fund is used to account for the operation of the Park District's insuranceand 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 levyand 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 ParkDistrict's cultural arts programs. Financing is provided by user fees and a specific annual taxlevy.

COMBINING AND INDIVIDUAL FUNDFINANCIAL STATBMENTS 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 the

general public on a continuing basis be financed or recovered 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 Learning Center, which is an

established proprietary fund. The center offers a driving range and mini golf course. These user

charges provide revenues to operate the Golf Learning Center.

CRYSTAL LAKD PARK DISTRICT, ILLINOIS

General Fund

Schedule of Revenues - Budget and ActualYear Ended April 30, 2013


Amounts

Budgeted Amounts

Taxes

Property Taxes - CurrentProperty Taxes - Referendum

Replacement Tax

Total Taxes


CitationsFarm Lease

Reimbursements

Miscellaneous

Aquatic

Food Service

Rental of FacilitiesEquipment DisposalPark Place

Police

Total Charges for Services

Grants and DonationsDeveloper ContributionsDonations and Memorials

Total Grants and Donations

Interest

Miscellaneous

$ 1,500,000

1,500,000

1,500,000

1,500,000

7 00

1,497,613

1,498,698

64,895

3,070,000 3,070,000 3,061,206

25,000

7,200

49,900

250

211,540

177,780

36,500

2,500

157,225

12,000

25,000

7,20049,900

250

211,540

777,780

36,500

2,500

157,225

12,000

25,273

9,200

41,266

29

179,5lt125,029

33,250

3,854

143,095

775

679,895 679,895 561,282

25,000

40,500

25,000

40,500

53,541

6,505

65,500 65,500 60,046

8,250 8,250 8,982

4,500 4,500 2,348

r45 3Total Revenues

52

J t45 J 693 864


General Fund

Schedule of Expenditures - Budget and ActualYear Ended April 30, 2013


Amounts

Budgeted Amounts

General Government

Administration

Salaries and Wages

DirectorBusiness ManagerSuperintendent of Parks

Office StaffClerical - Part-TimePublic Relations CoordinatorBookkeepers

Park Planner

Safety/l st Aid TrainingHuman Resources

FICA/Medicare

Awards

$ 46,000

52,800

35,500

62,00012,000

10,000

43,200

64,000

2,000

37,000

275,000

46,000

52,800

35,500

62,000

12,000

10,000

43,200

64,000

2,000

37,000

235,000

1,000

4l ,7ll52,425

24,947

57 ,1714,641

10,047

39,634

63,025

lll36,060

212,931

283

639,s00 600,500 542,886


ElectricityHeat

Water/Sewer

CommunicationProfessional Services

Computer Programming Expense

Maintenance AgreementsOffice Equipment Lease

Security System

Legal Fees

Subscriptions

Dues

Education/Seminars

Miscellaneous

Miscellaneous Bank ChargesIT Service

Unemployment Benefits

45,000

21,000

I1,50026,000

20,000

20,000

13,000

4,000

1,500

35,000

250

7,000

5,000

7,750

9,500

15,000

2,500

45,000

21,000

13,500

30,000

10,000

20,000

13,000

4,000

1,500

35,000

2s07,000

5,000

7,750

8,500

15,000

2,500

34,599

18,076

12,579

28,094

2,974

12,714

12,049

3,477

1,172

18,989

118

5,344

1,242

2,512

3,045

10,800

53


General Fund

Schedule of Expenditures - Budget and Actual - ContinuedYear Ended April 30, 2013

General Government - ContinuedAdministration - Continued

Contractual Services - ContinuedSpecial Event Insurance

Office Equipment Repairs

Postage

CommoditiesMiscellaneous

Safety EquipmentAdvertisingLegal AdsPrinting

CoffeeResource MaterialsBlueprints

Drafting Supplies

Office Supplies

Office Equipment

Computer SoftwareComputer Hardware

Computer Repair Parts

Insurance

InsuranceÆIealth

4,000

750

7,000

4,000

750

7,000

1,228

169

4,403

Original Final

Actual

Amounts

Budgeted Amounts

$

254,750 250,750 173,583

2,000

7,000

2,500

1,500

4,000

2,000

2,275

500

200

12,500

4,500

2,5002,500

500

2,000

7,000

2,500

1,500

4,000

2,000

2,275

500

200

12,500

4,500

2,500

2,500

500

405

3,098

1,249

515

3,473

1,740

272

329

6

8,396

s0

967

l,gg7

44,475 44,475 22,387

290,000 290,000 203,022

54


General Fund



Amounts

Budgeted Amounts


Other ExpendituresReal Estate Taxes

Miscellaneous

Meetings/Conferences

Traveling ExpendituresCash Over/Short

Total Administration

Maintenance and Operations

Park Maintenance

Salaries and Wages

Superintendent of Parks

Park SupervisorBuilding SupervisorGrounds SupervisorMaintenance Supervisor of FacilitiesMaintenance StaffNature Center ManagerPart-Time MaintenanceBuilding CustodianUniform Reimbursement


Building/Woodscreek

BuildingÀ4ain Beach

Building/Garage

Building/WestBuilding/Acres

1,250,250 1,207,250

$ 2,000

6,000

10,000

3,500

25

2,000

6,000

10,000

3,500

25

1,903

4,449

6,866) )o')

(32e)21,525 21,525 15,1 81

951,0s9

42,400

52,000

5,000

42,400

36,900

420,000

14,500

70,000

41,000

42,400

52,000

5,000

42,400

36,900420,000

14,500

70,000

41,000

1,000

29,816

51,095

1,464

4l,ggg36,301

334,745

13,914

68,410

36,338

355

724,200 725,200 614,337

2,000

8,000

5,400

1,600

1,800

2,000

8,000

5,400

1,600

3,500

173

3,754

4,929

55

2,934


General Fund



Amounts

Budgeted Amounts

General Government - ContinuedMaintenance and Operations - Continued

Park Maintenance - ContinuedContractual Services - Continued

Building/FarmBuilding/SpoerlBuilding/Administrative CenterBuilding/RotaryBuilding/Park Place

Building/Grand Oaks

Building/Colonel Palmer HouseBuilding/Police Headquarters

Garbage DisposalCommunication

Contractual MowingTree Care/Replacement

Equipment RentalEducation/SeminarsLightingEquipment Repairs

Mower Repairs

Truck Repairs

Auto Repairs

Radio Repairs

Traffic Signal Maintenance

$ 4,000

1,200

8,500

4,000

3,900

7,000

800

700

9,600

6,000

15,500

17,000

4,000

16,200

400

8,600

6,800

13,000

1,400

600

3.300

4,000

1,200

8,500

4,000

3,900

7,000

800

7009,600

6,000

15,500

17,000

5,000

16,200

400

8,600

6,800

15,000

2,000

600

3,300

l,glg436

10,716

I,5932,056

4,179

667

330

4,992

6,569

11,664

12,073

4,622

12,357

53

6,9161,165

16,210

1,464

2,59015 1,300 156,600 114,340

Commodities

Crystal Castle PlaygroundLand Improvement MaterialsAuto Parts and Repairs

Expendable Tool and Shop SuppliesMechanic Tools/SuppliesGas and Diesel Fuel

200

8,500

500

9,700

1,600

75,000

200

8,500

1,000

8,700

1,600

98,075

129

7,856

634

9,075

1,352

85,344

56


General Fund



Amounts

Budgeted Amounts


Park Maintenance - ContinuedCommodities - Continued

Lubricants and Motor OilSafety Equipment

State Inspection and LicensingJanitorial Supplies

Recycling Program

Office Supplies

Holiday DecorationsSnow and Ice ControlPark Signage

Tires and Tubes

Electric Supplies

Paint Supplies

Sign MaterialsPicnic Table Repair MaterialFasteners

Equipment Repair Parts

Boat EquipmenlService/RepairMower Repair Parts

Truck Repair Parts

RadioiCommunication EquipmentUniformsSeed

FertilizationIrrigation Repairs

Uncapitalized Improvements

Building/Sternes

Building/Woodscreek

BuildingÀ4ain Beach

Building/Garage

198,900 228,t00 201,558

$ 3,100

5,000

900

8,500

3,400

3,000

500

8,000

3,000

6,800

600

1,200

1,600

3,4004,600

7,7001,800

15,000

7,2003,000

5,800

3,500

1,800

5,000

3,100

5,000

900

8,500

3,400

3,000

525

8,000

4,000

6,900

600

1,200

1,700

3,400

6,000

1 1,000

1,900

15,000

9,000

1,000

5,800

3,500

1,800

5,000

2,290

2,794

772

6,270

2,963

2,299

s08

11,470

3,928

6,516210

943

1,620

1,729

6,083

10,158

1,709

13,929

8,902

522

3,399

3,287

1,252

3,646

57

500

1,000

6,000

9,000

s00

1,000

9,200

9,000

146

s86

9,129

7,405


General Fund



Amounts

Budgeted Amounts


Park Maintenance - ContinuedUncapitalized Improvements - Continued

Building/WestBuilding/AcresBuilding/FarmBuilding/Spoerl

Building/Administrative Center

Building/RotaryBuilding/Park Place

Building/Grand Oaks

Building/Lippold Storage

Building/Colonel Palmer House

Building/Police Headquarters

Grounds/Main

Grounds/WestGrounds/AcresNeighborhood Parks - NorthGrounds/Farm

Grounds/Sternes - StritzelGrounds/LippoldGroundsi Sund Ballfield ComplexGrounds/Soccer FieldsGrounds/Spoerl

Neighborhood Parks - South

Grounds/Fertzner

Grounds/Four ColoniesGrounds/Woodscreek

Grounds/Sam Johns

$ s00

2,500

3,800

1,800

6,500

9,000

4,500

3,000

5,500

3,800

1,000

10,000

1,000

7,000

8,400

3,000

2,400

15,000

6,000

8,000

900

7,500

1,000

3,500

4,1 00

1,000

5,200

2,500

3,800

2,500

6,500

4,000

4,500

4,000

5,500

3,800

1,000

10,000

2,500

7,7009,400

3,000

2,400

15,000

6,000

8,000

900

7,500

1,000

3,500

4,100

1,000

1,451

2,379

2,385

2,5r44,303

2,270

3,3484,032

2,413

791

755

9,610

2,421

7,5787,181

1,786

678

1 1,853

2,469

2,543

810

6,975

7822,128

2,511

47

58


General Fund



Amounts

Budgeted Amounts


Park Maintenance - ContinuedUncapitalized Improvements - Continued

Grounds/Feinberg

Grounds/Ken BirdGrounds/Palmer House

Grounds/Willows Edge

Grounds/Grank Oaks

Other ExpendituresMemorials

Vandalism Repair

Total Park Maintenance

Police

Salaries and Wages


CommoditiesU ncapitalize d Improvem ents

Maintenance and Repair

Total Police

t46,400 153,700

$ 3,000

2,500

1,200

1,000

1,500

3,000

2,5001,200

1,000

2,000

2,666

551

308

63

2,272

109,t37

5,000

2,0006,000

2,0006,034

1,163

7,000 8,000 7,197

t,227 ,800 1,271,600 1,046,569

63,665

31,325

650

9,950

4,700

63,665

30,175

650

10,300

4,700

53,967

25,641

625

9,227

3,685

110,290 109,490 93,14s

59


General Fund



Amounts

Budgeted Amounts


Aquatic

Salaries and Wages


CommoditiesMaintenance and RepairOther Expenses

Total Aquatic

Food Service

Salaries and Wages



Total Food Service

Park Place

Salaries and Wages



Total Park Place

303,075 303,625 277,627

s 264,575

4,32529,650

300

5,225

265,750

4,32528,025

300

5,225

251,936

2,748

17,767

I5,1 68

43,300

4,720

86,425

475

250

45,750

4,720

84,975

475

250

42,912

3,885

69,220

267

135,170 136,170 116,284

60,1 I 5

35,000

36,550

1,500

480

60,315

31,350

38,300

2,900

480

56,176

23,124

33,4992,764

(4e)

133,645 t33,245 I 15,5 l3

Total Maintenance and Operations

60

1.909 ,980 1,954,130 r,649,139


General Fund



Amounts

Budgeted Amounts

Capital OutlayAdministrationPark DevelopmentPoliceAquaticFood Service

Park Place

Total Capital Outlay

Debt Service

Principal RetirementInterest and Fiscal Charges

Total Debt Service

Total Expenditures

$ 3,000

25,000

10,500

32,800

1,000

2,750

3,000

25,000

10,500

32,250

3,150

2,015

980

3,533

26,531

2,472

75,050 73,900 35,531

435,000

150,400

435,000

150,400

435,000

1s0,030

585,400 585,400 585,030

3W,690 3.820,690 3,226J59

6t

CRYSTAL LAKD PARK DISTRICT, ILLINOIS



Budgeted Amounts ActualAmounts

General Government

AdministrationSalaries and Vy'ages

DirectorBusiness Manager

Superintendent of Recreation


Office StaffClerical - Part-Time

Recreational Supervisors

Public Relations CoordinatorBookkeepers

Maintenance Supervisor of FacilitiesMaintenance StaffPark Planner

Safety/ I st Aid TrainingAssistant Superintendent of Recreation

Part-Time Recreation

Part-Time Maintenance

Part-Time MarketingBuilding Custodian

Human Resources

Awards

Slope/Skate Guards


Scholarship

Gift Certifi cates Redeemed

Employee Discount

Garbage Disposal

ElectricityHeat

Water/Sewer

Communication

Cable

Final

46,500

42,300

98,700

28,300

62,00010,000

125,000

29,50043,200

15,800

252,000

18,300

2,000

66,000

22,500

30,000

46,200

62,00012,000

1,000

2,7001,009,400 1,013,300 901,824

Original

$ 46,500

42,30098,700

29,300

62,000

10,000

120,000

29,500

43,200

15,800

252,000

18,300

2,000

66,000

22,500

30,000

46,200

62,00012,000

4l,7ll41,940

87,808

19,877

57,770

4,641

124,733

30,742

39,633

15,557

201,043

18,007

llt62,797

17,735

29,956

41,139

55,521

12,020

283

2,000

200

10,000

8,800

50,000

25,000

10,500

26,000

1,500

2,000

200

20,000

8,800

50,000

25,000

15,000

30,000

1,500

1,341

(s00)

76,536

7,056

37,855

20,720

12,471

28,359

1,287

62





Amounts

Budgeted Amounts


Contractual Services - ContinuedComputer Programming Expense

Maintenance Agreements

Office Equipment Lease

Security System

Legal Fees

Subscriptions

Dues

Education/Seminars

Miscellaneous

Miscellaneous Bank Charges

First Aid - BuildingsIT Service


Office Equipment Repairs

Postage

CommoditiesMiscellaneous

Gas and Diesel Fuel

Safety Equipment

Janitorial Supplies

Public Information Supplies

AdvertisingLegal AdsEmployment Ads

Printing

Coffee

Resource Materials

Office Supplies

$ 20,000

15,000

4,000

2,25011,000

250

6,900

5,000

2,000

25,000

200

15,000

5,000

s00

23,000

20,000

15,000

4,000

2,250

11,000

250

6,900

5,000

2,000

25,000

200

15,000

5,000

500

23,000

12,275

13,812

3,477

2,224

5,585

118

5,885

1,073

1,646

22,511

10,800

3,843

t6918,754

269,t00 287,600 227,297

1,500

37,2503,000

13,800

26,245

10,900

1,500

500

44,200

2,000

775

12,500

1,500

3r,2503,000

13,800

26,245

10,900

1,500

500

44,200

2,000

77s

12,500

888

25,276

929

ll,61725,870

7,429

390

150

29,933

1,731

31

8,285

63





Amounts

Budgeted Amounts


Commodities - ContinuedOffice Equipment

Computer SoftwareComputer Hardware


Uniforms

Insurance

InsuranceÆIealth

Other Expenditures

MiscellaneousMeetings/Conferences

Traveling Expenditures

Cash Over/Short


Police

Salaries and Wages

Clerical - Part-TimePark Police StaffPart-Time Police

Full-Time Police

4,000

2,5001,500

500

3,000

4,000

2,5001,500

s00

3,000

50

967

1,145

$

1,070

159,670 159,670 115 70t

325,000 294,400 262,36s

5,000

8,000

4,750

50

5,000

8,500

4,750

50

4,794

8,230

3,90249

17,800 18,300 16,975

1,780,970 1,773,270 1,524,162

4,190

20,200

10,815

21,500

4,180

20,200

13,000

19,315

3,781

19,795

12,470

15,917

64

56,695 56,695 51,963





Amounts

Budgeted Amounts

General Government - Continued

Police - Continued


Educatior/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 MaintenanceSnowmobile/ATv Repairs

Total Police

Total General Government

7002,700

300

700

2,700

300

$ 200225

200

225

425 425

250 250 186

1,200

2,0002,250

1,200

2,000

2,250

1,185

1,100

250

5,450 5,450 2,535

550

5

3,700 3,700 555

66,520 66,520 55,239

1,847,490 I 790 1.579.401

51,730

31,560

70,440

51,730

31,560

10.440

38,538

18,363

4,1t7

Total Adult Recreation

65

93,730 93,730 6 1,01 8



Schedule of Expenditures - Budget and Actual - ContinuedYear Ended Aprit 30,2013


Amounts

Budgeted Amounts

Recreation - ContinuedYouth Recreation

Salaries and rWages


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

$ 986,800

436,395

89,645

986,800

436,395

89,645

980,506

468,952

76,522

1,512.840 1,512,840 1,525,980

24,810

76,435

6,980

24,810

76,435

6,980

20,622

63,534

2,416

Total Programs for All Ages 1 08,1 25 1 08,1 25 86,572

5,470

7,77 5

3,480

5,470

7,775

3,480

3,1209,765

2,606

16,725 16,725 15,491

4,25021,025

30,085

4,25021,025

30,085

2,377

15,797

22,094

55,360 55,360 40,268

66

35,600 44,850 40,683





Amounts

Budgeted Amounts

Recreation - ContinuedLippold Park Complex

Salaries and Wages


Commodities


Maintenance and Repairs

Total Lippold Park Complex

Total Recreation

CapitalOutlayAdministration

Total Expenditures

$ 224,95035,830

72,53012,000

700

2t9,95037,83072,93012,000

1,000

175,558

23,085

40,566

7,899

930

346,010 343,710 248,038

2,168,390 2,17 5,340 2,018,050

8,500 9,250 8,588

4,024,380 4,024,380 3,606,039

67


Debt Service Fund



Original Final

Actual

Amounts

Budgeted Amounts

Revenues

Taxes

Propeúy Taxes

Interest

Miscellaneous

Total Revenues

Expenditures

Debt Service



Total Expenditures




Debt lssuance

Payment to Escrow Agent

Transfers Out



$ 975,000

1,500

100

975,000

1,500

100

970,408

1,r299

976,600 976,600 971,546

1,049,315

99,600

1,049,315

99,600

1,049,315

Ill,72l1,148,915 1, 148.915 1.161.036

(172,315) (t72,3r5) (189,490)

754,000 754,000 1,925,515

(1,245,000)(48s,000)(577,000) (s77.000)

177,000 177,000 195,5 1 5

4,685 4,685 6,025

39,278


68

45,303


Capital Projects Fund

Schedule of Revenues, Expenditures andChanges in Fund Balance - Budget and ActualYear Ended April 30, 2013


Amounts

Budgeted Amounts

Revenues

Intergovernmental

Grant Income

Interest

Total Revenues

Expenditures

General Government


Capital OutlayTotal Expenditures



Other Financing Sources

Debt Issuance

Premium on Debt Issuance

Transfers In




$ 199,200

5,000

199,200

5,000 3,016

204,200 204,200 3,016

94,000

3,857,500

94,000

3,857,500

68,522

1,919,679

3,95 1,500 3,95 1,500 1,999,201

ß.747.300\ ß.747 ,300) (1,985,185)

2,500,000 2,500,000 1,510,000

86,477

485,000577,000 577,000) 077 000 3,077,000 2,081,477

(670,300) (670,300) 96,292

1,212,507

l,3o8,7gg

69

E


Combining Balance Sheet

Nonmajor Governmental - Special Revenue FundsApril30,2013

See Following Page

CRYSTAL I,AKE PARK DISTRICT, ILLINOIS

Combining Balance Sheet

Nonmajor Governmental - Special Revenue FundsApril30,2013

ASSETS


Receivables - Net of AllowancesProperly Taxes

Other

Prepaids

Total Assets

LIABILITIES

Accounts Payable

Accrued Payroll

Other Payables

Total Liabilities

DEFERRED INFLOWS OF RESOURCES

Property Taxes

Total Liabilities and Deferred Inflows of Resources

FUND BALANCES

Nonspendable

Restricted

Total Fund Balances

IllinoisMunicipalRetirement

S 160,422

322,563

482,985

21,575

21,575

322,563

344,138

138,847

138,847

Total Liabilities, Deferred Inflows of Resources and Fund Balances

70

482.985

Special Revenue Funds

LiabilityInsurance Audit

NaturalHistory

Center and

Museum

TotalNonmajor

Governmental

Funds

182,920

287,835

2,377

27,346

6,248

17,877

165,851

168,732

740

515,441

797,007

3,r1727,346

500.478 24.12s 33s.323 r.342.911

5,1 78

3,703

3,420

4,146

100

30,173

7,849

100

8,881

287,834

7,666 38,122

17,877 168,732 797,006296 7ls t7 877 176,398 83s r28

27,346

176,417 6,248 158,925

27,346480,437

203,763 6,248 158,925 507,783

500.478 24.125

7I

335,323 1.342.9tr


Combining Statement of Revenues, Expenditures and Changes in Fund Balances

Nonmajor Governmental - Special Revenue FundsYear Ended April 30, 2013

Revenues

Taxes



Interest

Miscellaneous

Total Revenues

Expenditures

Current


Total Expenditures


Fund Balances - Beginning

Fund Balances - Ending

IllinoisMunicipalRetirement

$ 199,691

236

2

199,929

277,837

277,837

(77,908)

2t6 755

138,847

72

Special Revenue Funds

LiabilityInsurance Audit

NaturalHistory

Center and

Museum

Total

Nonmajor

Governmental

Funds

349,441 16,982 169,737

32,441

56r799

73

735,85t32,441

561

1,605

1,578

570

1,503

35 1,5 14 16,982 203,611 772,036

305,937 16,485 600,259

239 578 239 578

305,937 16,485 239,578 839,837

49757745 (35,967) (67,801)

575,5841 58,1 86 5,7 5l t94,892

203.763 6.248 r58.925 507.783

73


Illinois Municipal Retirement - Special Revenue Fund



Amounts

Budgeted Amounts

Revenues

Taxes

Property Taxes

Interest

Miscellaneous

Total Revenues

Expenditures

General Government

IMRF Participating




$ 200,000

550

5

200,000

550

5

l99,69t236

2200,555 200,555 199,929

3 15,000 315,000 277,937

n1 4.445\ fi14 ,44s) (77,909)

216,755

l3 8,847

74


Liability Insurance - Special Revenue Fund


Changes in Fund Balance - Budget and ActualYear Ended Aprit 30,2013


Amounts

Budgeted Amounts

Revenues

Taxes

Property Taxes

Interest

Miscellaneous

Total Revenues

Expenditures

General Government

Salaries and Wages


CommoditiesInsurance

Other Expenditures

Total Expenditures




$ 350,000

500

1,525

350,000

500

1,525

349,441

570

1,503

352,025 352,025 351,514

145,055

10,500

1,500

I 80,500

145,955

10,500

1,500

179,600

t33,024

3,032

762

169,069

50

337,555 337,555 305,937

14,470 14,470 45,577

158,186

203,763

75


Liability Insurance - Special Revenue Fund



General Government

Salaries and Wages

Safety Coordinator

Risk Manager

Loss Prevention AwardPolice

Final

27,840

5,562

100

99.522

145,055 145,955 133,024

27,600

6,600500

I10,355

28,500

6,600

500

110,355

Original

$


Education/Seminars

Physical Examinations

Commodities

Safety Coordinator Supplies

Insurance

Insurance/Property

Insurance/Liability

Insurance/Employment Practice

Insurance/Pollution LiabilityWorker's Compensation

Deductible

Other Expenditures

Loss Prevention Program

3,000

7,500

3,000

7,500

300

2,732

10,500 10,500 3,032

1,500 1,500 762

58,000

35,000

12,000

2,500

70,000

3,000

58,000

34,100

12,000

2,500

70,000

3,000

55,546

30,259

10,531

1,882

68,851

2,000

180,500 179,600 169,069

50

Total Expenditures

76

337 55 337 555 J 7


Audit - Special Revenue Fund


Revenues

Taxes

Propefty Taxes

Expenditures

General Government

Audit





Amounts

Budgeted Amounts

$ 17,000

17,000 17,000 16,485

17,000 16,982

497

6,248

77


Natural History Center and Museum - Special Revenue Fund



Budgeted Amounts ActualAmountsFinal

$ 170,000 170,000 169,737

Original

Revenues

Taxes

Property Taxes


Operations

Merchandise

Programs


Interest

Miscellaneous

Total Revenues

Expenditures

Recreation

Programs

Administration

Capital Outlay

Total Expenditures




50

s00

54,580

5,900

800

1,000

50

s00

54,580

5,900

800

1.000

38

194

32,209

561

799

73

232,830 232,830 203,611

17,595

249,015

500

17,595

249,015

s00

12,493

227,085

267,110 267.tt0 239,578

(34,280) (34,280) (35,967)

194,892

158,925

78





Amounts

Budgeted Amounts

Recreation

Programs

Salaries and Wages

Birthday Parties

Nature Programs

Brochure Programs

Nature Programs/Outside Groups

Adventure Programing

Palmer House Programs



Commodities

Birthday Parties

Nature Programs

Brochure Programs


Total Programs

Administration

Salaries and Wages


Nature Center Manager

Part-Time StaffNature Center Assistant

Outdoor Education Supervisor

500

1,560

300

1,000

s00

1,560

300

1,000

298

1,262

s08

1,468

s 3,3406,060

1,900

2,125

660

3,340

6,0601,900

2,125

660

14.085

184

4,732

t92,239

15

14,085

738

8,927

150 150 30

3,360 3,360 3,536

17,595 17,595 12,493

9,939

41,742

24,544

37,923

29,205

14,100

43,000

15,000

33,000

27,040

10,500

43,000

25,000

33,000

30,000

79

132,740 141,500 137,353



Schedule of Expenditures - Budget and Actual - ContinuedYear Ended Aprit 30, 2013

Original Final

ActualAmounts

Budgeted Amounts

Recreation - ContinuedAdministration - Continued


BuildingÂt{ature Center

Scholarship

Gift Certifi cates Redeemed

Employee Discount

Garbage Disposal

ElectricityHeat

Vy'ater/Sewer

CommunicationDues

Education/Seminars


Postage

CommoditiesLand Improvement Materials

Naturalist's Supplies

Janitorial Supplies

Exhibits

Office Supplies

Computer Software

Computer Hardware

Gift Shop

Uniforms

Animal CarelSupplies

Greenhouse Supplies

Sales Tax

s00)$ 2,500

50

50

50

2,000

8,300

4,900

500

2,100

800

500

250150

650

2,500

800

500

250150

2,073

1,797

7,030

4,099

597

2,514

294

75

40

50

50

50

2,000

8,300

4,900

22,150 22,700 18,519

1,000

1,800

1,100

1,000

700

1,000

1,000

250

600

5,000

6,000

50

1,000

1,800

1,100

1,000

700

400

1,200

250

600

5,000

6,000

50

404

988

1,028

t7l762

375

1,111

58

468

5,411

4,148

13

80

19,500 19, I 00 14,937




Recreation - ContinuedAdministration - Continued

Insurance

IMRJ Participating

IMRF Non-ParticipatingInsuranceÆIealth

$

Uncapitalized ImprovementsBuildingA{ature Center

GroundsA.lature Center

Grounds - Babington Memorial Garden

Miscellaneous Supplies

Donation/Projects

Other ExpendituresTraveling Expenditures

Cash Over/Short


CapitalOutlayEquipment Purchase

Total Expenditures

108

9,550 10.350 4,257

1s0

25

150

25

17

(s)

t75 175 12

249,015 249,015 227,085

s00 500

267,710 267,110 239,578

Original Final

Actual

Amounts

Budgeted Amounts

14,000

I1,500

40,000

14,000

11,500

29,690

73,913

I 1,190

26.904

65,500 55, I 90 52,007

2,0001,500

300

750

5,000

2,500

1,800

300

750

5,000

2,432

1,717

8t


Racket Club - Enterprise Fund

Schedule ofRevenues, Expenses andChanges in Net Position - Budget and ActualYear Ended Aprit 30,2013


Amounts

Budgeted Amounts

Operating Revenues


Operations

Merchandise

Programs


Operating Expenses

Programs

Operations

Depreciation

Total Operating Expenses

Operating Income (Loss)

Nonoperating Revenues (Expenses)

Interest Income

Interest Expense




$ 1,336,300

135,600

30,200

1,336,300

135,600

30,200

7,209,453

135,390

24,607

1,502,100 1,502,100 1,369,450

15,525

1,507,160

15,525

1,507,160

15,439

1,402,476

81,609

1,522,685 1,522,685 1,499,524

(20,585) (20,585) (130,074)

2,800

(t2,335)2,800

(12,335)1,241

(9,934)

(9,535) (9,535) (8,693)

(30,120) (30,120) (t38,767)

2,149,052

2,010,285

82



Schedule of Operating Expenses - Budget and ActualYear Ended Aprit 30,2013


Amounts

Budgeted Amounts

Programs

Salaries and Wages

Summer Tennis

McHenry County Classic


Summer Tennis


Commodities

Summer Tennis


Total Programs

Operations

Salaries and Wages

DirectorBusiness Manager


Office StaffManager

Public Relations DirectorProfessional Salary

Bookkeeper

Grounds Supervisor

Assoc. Pro Lessons

Front Desk

Operations AssistantEvents/League Salaries

Maintenance StaffDesk/Playroom Supervisor

s0

125

50

12s

$ 10,000

350

10,000

350

10,053

10,3 50 10,3 50 10,053

150

t75 175 150

2,200

2,800

5,000

2,200

2,800

5,000

2,039

J 197

5,236

15,525 15,525 15,439

12,000

10,500

l4,l 00

11,300

I12,000

9,800

140,000

9,000

2,650

I 15,000

51,000

7,500

3,000

71,000

41,500

12,000

10,500

10,000

I 1,300

I12,000

9,800

155,000

9,000

2,650

130,000

55,000

8,500

4,000

35,000

41,500

I 1,190

10,216

10,138

10,747

99,615

10,375

157,739

9,061

2,622

131,149

54,704

8,554

3,235

33,3 81

37,403

83



Schedule of Operating Expenses - Budget and Actual - ContinuedYear Ended April 30, 2013


Amounts

Budgeted Amounts

Operations - ContinuedSalaries and Wages - Continued

Assistant ManagerPro Shop CoordinatorPark Planner

Playroom AttendantRacket RepairPart-Time MaintenanceSafety/l st Aid TrainingTennis DirectorJunior Program CoordinatorAdult League CoordinatorHuman Resources

AwardsPolice


Scholarship

Employee Discount

Garbage DisposalElectricityHeat

CommunicationProfessional Services

Computer Programmin g Expen se

Cleaning Services

Maintenance Agreements

Office Equipment Lease

Security System

Legal Fees

Subscriptions

Dues

Equipment Rental

Education/Seminars

Laundry/Linen

$ 65,000

26,900

9,1 00

4,30012,000

15,500

1,000

62,100250

12,000

72,400

13,735

65,000

26,800

9,1 00

4,30012,000

30,000

64,690

27,914

8,91 5

3,823

11,093

28,329

63,00862,100

25012,000

12,400

1,000

13,735

10,973

11,967

142

12,808

844,535 854,935 833,791

50

t001,800

74,00016,000

9,000

2,000

16,500

1,500

12,000

7,000

3,600

1,000

50

2,900

200

600

1,500

s0

100

2,000

64,000

16,000

10,000

1,826

58,572

12,525

9,81 8

12,198

1,550

11,143

6,251

3,675

3,054

65

16,500

1,600

12,000

7,000

3,600

84

50

3,100

200

600

1,500 1,168




Original Final

Actual

Amounts

Budgeted Amounts

Operations - ContinuedContractual Services - Continued

MiscellaneousMiscellaneous Bank Charges

IT Service

Postage

Collection Fees

CommoditiesPlayroom Expense

First Aid/SafetyAdvertisingLocker Room Supplies

Printing

Trophies

Supplies - OtherSupplies - Teaching and Courts

Office Supplies

Office Equipment

Computer Software

Team Matches

Computer HardwareAdult Event Expense

Parties

Adult In-Club Leagues

Team Practice

Group Lessons

Junior Events

Outdoor ActivityJunior In-Club League

Tournaments


Paper Products

500

14,000

4,000

I 1,000

100

603

2l,l0l3,600

9,737

403

$ 600

22,000

4,000

I 1,000

s00

179,300 176,400 157,289

100

1,500

5,000

1,000

5,000

1,200

200

3,000

3,500

s00

1,200

2,000

2,000

150

100

1,500

50

4,000

600

100

1,500

4,000

1,100

5,700

7,200

200

3,7004,000

500

1,200

2,000

2,000

150

100

1,500

50

6,500

600

50

1,000

1,200

300

3,800

1,027

3,995

1,051

5,3 83

922

162

3,789

3,675

16

401

1,935

361

163

39

1,573

6,279

67

l91,033

1,067

218

3,714

50

85

800

500

300

3,200





Amounts

Budgeted Amounts

Operations - Continued

Commodities - ContinuedVending - Coffee

Uniforms$ 1,600

000

40,050 45,950

2,5001,000

2,589

247

39,731

Insurance

IMRF ParticipatingIMRF Non-ParticipatingInsurance/PDRMA

Insurance/F{ealth

Unemployment Insurance


Building Repair - ContractualEquipment Repair - ContractualFurniture/Fixtures

Maintenance and Repair

Land ImprovementBuilding Repair

Preventive Maintenance

Tools

Equipment Repair

Janitorial Supplies

Lighting Supplies

New Maintenance Equipment

Office Equipment RepairGrounds Maintenance

73,50062,000

26,000

105,000

500

73,500

62,00023,000

105,000

1,025

79,332

65,129

22,782

91,720

1,013

267,000 264,525 259,976

415

500 500

s00800

2,300

481

8961,000

I 1,000

68,000

300

700

700

800

2,000

500

250

2,000

I 1,000

64,375

8,501

8,1 80

700

700

1,000

2,000

500

300

2,000

169

372

889

1,663

105

273

1,410

86

86,250 82,575 21,562





Amounts

Budgeted Amounts

Operations - ContinuedPro Shop

Tennis BallsLadies ClothingMen's ClothingChildren's ClothingShoes

Rackets

T-Shirts/SweatshirtsTennis Bags

Miscellaneous ClothesAccessories

Overwraps (Taxable)

Sales TaxRacket Repair Supplies

Other Expenses

MiscellaneousDonations

Meetings/Conferences

Traveling Expense

Cash Over/Short

$ 7,000

16,000

1,700

2,20012,000

15,000

800

1,900

1,800

1,900

1,500

6,000

8,500

7,000

16,000

1,700

2,20012,000

15,000

800

1,800

1,800

1,800

1,500

6,000

8,500

8,305

17,028

2,345

2,293

16,169

16,730

922

1,708

2,133

1,456

1,03 0

7,025

8,259

76,100 76,100 85,403

2,200

200

300

1,400

25

2,200

200

1,7 50

25

2,195

56

1,602

(2s)4,125 4,175 3,828

Debt Service


66,000

12,335

66,000

12,335

66,000

9,93478,335 78,335 75,934

Less Nonoperating Items

87

(78,335) (78,335) (75,934)





Amounts

Budgeted Amounts

Operations - ContinuedCapital Outlay

Building Improvement

Depreciation


Less Capital Assets Capitalized

Total Operations

$ 7,500 I,500 53,786

(53,786)

7,500 1,500

I,507,160 1.507 ,160 1,402,476

81,609

1,522,685 1,522,685 1.499.524

88



Schedule ofRevenues, Expenses and

Changes in Net Position - Budget and ActualYear Ended April 30, 2013


Operating Revenues


Operations

Merchandise


Operating Expenses

Operations

Depreciation


Operating Income

Nonoperating (Expenses)

Interest Expense




Final

155,280

8,100

163,3 80 163,3 80 141,252

114,805 I14,805

155,280

8,1 00

135,139

6,113

Original

$

81,249

33,914

I 14,805 I14,805 I 15,163

48,575 48,575 26,089

(2,450) (2,450) (2,450)

46,12s 46,r25 23,639

438,301

461,946

89



Schedule of Operating Expenses - Budget and ActualYear Ended April 30, 2013


Amounts

Budgeted Amounts

Operations

Salaries and Wages

Manager

Assistant ManagerProfessional Lessons

Maintenance StaffRange AttendantMini Golf League

$ 12,600

17,000

3,900

6,000

9,70075

12,600

17,000

3,900

4,200

11,500

75

9,576

16,942

2,214

2,215

I 1,178

49,275 49,275 42,125


Senior Discount

Scholarship

Gift Certificates Redeemed

Employee DiscountGarbage DisposalElectricityWater/Sewer

Communication

Coupons

Security System

Miscellaneous

Miscellaneous Bank ChargesPostage

Commodities

Miscellaneous Concession ProductLand Improvement MaterialsMiscellaneous

Gas and Diesel FuelJanitorial Supplies

500

100

500

2501,400

10,800

200

1,000

3,500

1,000

300

l,'150

50

500

100

500

250

1,400

10,800

400

1,000

3,500

1,000

300

1,750

50

324

24

1,03 I

10,545

275

746

2,226

813

293

1,735

21,350 21,550 I 8,012

2,400

1,500

300

100

50

2,400

1,500

300

100

50

2,582

190

90

39



Schedule of Operating Expenses - Budget and Actual - ContinuedYear Ended Aprit 30,2013

Budgeted AmountsOriginal Final

Actual

Amounts

Operations - ContinuedCommodities - Continued

AdvertisingPromotion Expense

Printing

Golf BallsMini-GolfRegister BankOffice Supplies

UniformsSeed

FertilizerSales TaxMini Golf League

$ 1,000

500

3,000

1,000

630

100

300

300

300

500

25

1,000

2,600

8s0

3,000

1,000

630

100

300

300

300

500

25

I

2,460

7182,811

726

17

182

433

12,005 14,955 10,159


Building Repair - ContractualFacility Repair - Mini GolfGrounds

Maintenance and RepairBuilding RepairGrounds Maintenance'Equipment RepairEquipment Repair - Mini GolfFacility Repair - Mini Golf

Pro Shop

Club Repair Supplies

Sales Inventory

2,000

1,000

2,000

2,000

1,000

2,000

230

70

1,224

5,000

14,000

1,500

1,500

2,000

6,000

5 000 1,524

10,050

1,600

2,200

2,000

6,000

967

1,655

2,246

1,652

1,49425 000 21,850 8,004

50

1,000

50

1,000 1,198

9l

1.050 1,050 I ,l9g





Amounts

Budgeted Amounts

Operations - Continued

Other Expenses

Cash Over/Short

Debt Service


Less Nonoperating Items

Capital OutlayFurniture/FixturesEquipment Purchase

Equipment

$ 25 25 (40)

70,000

2,45070,000

2,45070,000

2,450

72,450 72,450 72,450

(72,450) (72,450) (72,450)

Less Capital Assets Capitalized

Total Operations

Depreciation


267

1,100 1,100 267

114,805 114,805 81,249

33,914

114,805 I14,805 1 I 5,163

200

s00

400

200

500

400

92

SUPPLEMENTAL SCHEDULES


Schedule of Long-Term Debt Requirements

General Obligation (Alternate Revenue Source) Bonds of 20068April30,2013

Date of Issue

Date of MaturityAuthorized Issue

Denomination of Bonds

Interest Rates

Interest Dates

Principal Maturity Date

Payable at

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

$5,0003.60% - 3.75%

June 30 and December 30December 30

The Depository Trust Company

CT'RRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS

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

20142015

2016

$ 250,000

275,000300,000

30,675

2r,42511,250

280,675

296,425

311,250

2013

20t42015

2013

20t42015

_31,676 _3J_,674825,000 63,350 888,350

93



General Obtigation (Alternate Revenue Source) Bonds of 20088April30,2013

Date of Issue



Interest Rates

Interest Dates


Payable at

October 2,2008December 30,2019$1,500,000$5,0003.50% - 4.25%

June 30 and December 30

December 30


CURRENT AND LONG.TERM PRINCIPAL AND INTEREST REQUIREMENTS

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

20r420t520t62017

201 8

20192020

$ 135,000

145,000

155,000

165,000

175,000

200,000

300,000

53,488

48,088

42,28835,70028,688

21,25012.750

188,488

193,088

197,288

200,700203,688221,250312,750

2013

201420t5201620r72018

2019

26,744

24,04421,14417,850

14,344

r0,6256,375

26,744

24,04421,144

17,850

14,344

10,625

6,375

2013

20142015

20162017

20182019

t.275.000 242^252 l^517.252 J2J_J26 721,726

94



General Obligation Limited Tax Refunding Park Bonds of 20094April30,2013

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 LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS

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

201420t520t62017

2013

201420r520t6

2013

20142015

2016

$ 275,000

320,000

365,000

380,000

42,06233,81224,212

12,350

317,062353,8r2389,212

392,350

2r,03116,906

72,106

6,175

J52r8

21,031

16,906

12,106

6,175

_552ß1340,000 112,ß6 1452.ß6

95



General Obligation (Alternate Revenue Source) Bonds of 20104Aprit 30,2013

Date of Issue



Interest Rates

Interest Dates


Payable at

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


December 15



Requirements Interest Due onFiscal

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

20142015

201620t72018

20t92020202t

$ 140,000

140,000

145,000

150,000

l5 5,000

160,000

165,000

170,000

12,338

1 1,568

10,558

9,4988,073

6,4454,5252,380

12,337

11,567

10,657

9,497

8,072

6,445

4,525

2,380

24,675

23,13521,21518,995

16,145

12,890

9,050

4,760

164,675

163,135

166,215

168,995

17l,l45172,890

174,050

174,760

2013

20142015

20162017

201 I2019

2020

20t3201420t520162017

2018

2019

2020

1,225.000 130.865 _6sÆ_ 65.480

96



General Obligation Limited Tax Park Bonds o120l2AApril30,2013

Date of Issue


Denomination of BondsInterest Rates

Interest Date

Principal Maturity DatePayable at

FiscalYear

CI]RRENT AI\D LONG.TERM PRINCIPAL AND INTEREST REQUIREMENTS

October 4,2072October 15,2013$680,5 15

$5,000050%October 15

October 15

Crystal Lake Bank & Trust

RequirementsPrincipal Interest Totals

2014 $ 680.s ls 3.507 684.022

97

CRYSTAL I,AKE PARK DISTRICT, ILLINOIS


General Obtigation (Alternate Revenue Source) Bonds of 20128

April30,2013

Date of Issue



Interest Rates

Interest Dates


Payable at

October 4,2012December 15,2023$2,755,000

$5,0000.02

June 15 and December 15

December l5The Depository Trust CompanY

CURRENT AI\D LONG-TERM PRINCIPAL AND INTEREST REQUIREMDNTS

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

2014201520162017

2018

2019

20202021

2022

2023

2024

$ 240,000

110,000

3 15,000

350,000

270,Q00

310,000

280,000

350,000

255,000

135,000

140,000

55,1 00

50,300

48,100

41,800

34,80029,40023,200l7,60010,600

5,500

2,800

295,100160,300

363,100

391,800

304,800

339,400303,200367,600265,600140,500

142.800

27,55025,15024,05020,90017,400

14,700

11,600

8,800

5,300

2,7501,400

20t3201420t520162017

201 8

2019202020212022

2023

27,55025,150

24,05020,900

17,400

14,700

I1,6008,800

5,300

2,7501,400

20t3201420r5201620r7201 8

2019202020212022

2023

2J55.ooo 319200 3,014il0 i-59,q99_ il9,qq9_

98


Schedule of Long-Term I)ebt Requirements

Debt Certificates of 2011

April30,2013

Date of Issue



Interest Rate

Interest Dates


Payable at

September 15,20llDecember 15,2018

$505,000


December l5Crystal Lake Bank and Trust


Requirements Interest Due onFiscal

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

20142015

20162017

2018

2019

2013

20t42015

201620t720t8

$ 70,000

71,000

72,00073,000

75,000

78,000

9,0428,096

6,9605,6284,0602,184

79,04279,09678,96078,62879,06080, I 84

20t320r420t520162017

2018

4,5214,0483,4802,8142,0301,092

4,5214,0493,480

2,8142,0301,092

439.000 35.970 474.970 17.985 17.985

99

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 Position by Component - Last Nine Fiscal Years*April 30, 2013 (Unaudited)

See Following Page


Net Position by Component - Last Nine Fiscal Years*April 30, 2013 (Unaudited)

Governmental ActivitiesNet Investment in Capital Assets

Restricted

Unrestricted

Business-Type ActivitiesNet Investment in Capital Assets

Restricted

Unrestricted

Primary Government


Restricted

Unrestricted

Total Governmental Activities Net Position

2005 2006 2007

$ 18,265,294 19,535,969 lg,ggg,252

9,044,130 9,086,318 10,995,252

27309,424 28,622)86 29984,5M

20,753,985 22,131,575 2l,5gg,lg2

9,471,519 9,542,411 I1,569,341

30225,504 31,673986 33

2,488,691 2,595,707 2,599,940

427,389 456,093 573,089

Total Business-Type Activities Net Position 2,916,090 3,051,9

Total Primary Government Net Position

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

100

2008 2009 2010 20tt 2012 2013

20,234,285 20,056,996r,433,611

21,042,951

2,537,8892,57l,ggg

22,193,294

3,242,7861,676,453

22,142,112

1,877,218

21,635,075

1,486,343

3,851,37610,916,883 3,4 86,677 3,86s ,188

3 1.1 5 1.1 68 24.977 .274 26.1s2.738 27.102.s33 27 884.518 26.972.794

2,770,583 2,810,029 2,689,356 2,747,375 2,730,236 2,456,608

516,062 506,413 554,819 331,138 205,023 15,623

J 645

23,004,868

11,432,945

J l6 2

22,867,015

1,433,6rr3,993.090

J 175 13 9

23,732,307

2,537,889

3,126,717

24,930,669

3,242,7962.007.591

24,873,349

1,877,219

4,070,277

24,091,693

1,496,343

3,866,999

34.437.813 28.293.716 29.396.9t3 30,181.046 30.820.777 29.445.02s

101


Changes in Net Position - Last Nine Fiscal Years*April 30, 2013 (Unaudited)

Expenses

Govemmental ActivitiesGeneral GovemmentRecreationInterest on Long-Term Debt

Total Govemmental Activities Expenses

Business-Type ActivitiesRacket ClubGolf Learning Center

Total Business-Type Activities Expenses

Total Primary Govemment Expenses

Program Revenues

Govemmental ActivitiesCharges for Services


Capital Grants/ContributionsTotal Govemmental Activities Program Revenues

Business-Type ActivitiesCharges for Services

Racket ClubGolf Leaming Center

Capital Grants/Contributions

497,033 57g,l3g 562,6442,438,029 2,565,325 2,774,45626s,829 206,575 241,944

5,853,824 7,993,462 8,622,920 9,022,834 10,952,569 9,675,169 9,760,902 9,669,279 g.g01.230

$ 1,901,597

3,677,415274,8r2

1,309,047

225,322

3,776,9093,789,904

426,749

1,337,657

22g,gg4

5,970,4454,728,557

353,s66

1,499,775

213.025

1,084,862

2,595,432

94,029

1,496,653

230,457

4,723,3193,622,103

329,747

1,507,844

171.542

495,088

2,363,719363,013

200s 2006 2007

4,102,9344,139,596

381,400

1,467,513

207,559

1,590,185

206,116

2008

4,059,474

4,428,112536,248

1,482,759

223,465

618,720

2,763,540201,024

1,567,174

220,542

2009 2010 20tt

4,894,562

3,582,343

283.997

t,479,582147.0t4

558,283

2,343,77828,979

1,372,365

146,034

2012

4,ggl,0g33,532,614

244.58r

l,4go,o7g133-399

560,038

2,269,55149,538

1,356,480

t2t,60t

2013

4,945,376

3,666,997

188.957

1,509,458

tt7 -613

561,282

2,173,54060,607

1,369,450

141,252

1,534,369 1,567,551 1,675,072 1,706,223 1,712,800 1,679,386 1,626,596 t,623.477 1.627.071

7,388,193 9,561,013 10,297,992 t0.729.057 12.665.368 10.354.554 10.387.498 10.291.755 10.428.301

3,200,891 3,350,038 3,579,044 3,583,284 3,774,322 3,221,820 2,931,040 2,878,127 2.795,429

1,380,543 1,463,501

241,0_74 239,7_70

1,422,136

178,348

1,558TotalBusiness-TypeActivitiesProgramRevenues 1,621,617 1,703,271 1,796,301 1,787,716 1,727,110 1,602,042 1,458,399 l,47g,0gl 1,510,702

Total Primary Govemment Program Revenues 4,822,508 5,053,309 5,375.345 5,371,000 5.501.432 4.823.862 4.3g9.439 4.356-208 4.306-13l

102

Net (Expense) Revenue

Governmental Activiti es

Business-Type Activities

Total Primary Govemment Net (Expense) Revenue

General Revenues and Other Changes in Net PositionGovernmental Activities

Taxes

PropertyReplacement

Interest

MiscellaneousTotal Govemmental Activities

2005 2006

s (2,652,933) (4,643,424)87,248 135,720

2007

(5,043,876)121,229

6,000,74070,619

334,835

2008

(5,439,550)

81,493

6,227,472

80,542

298,lgg

2009

(7,178,246)14,3 r0

6,549,92673,747

155,518

(399,055)

29,797

(s,453,348)(77.344\

(5,829,862)

n68.197)

949,795(r6s,662)

(5,790,151)

1145.396)

(6,005,801)fl16.369)

2010 20tI 2012 2013

(2,565,685) (4,507.704\ (4.922.647) (5.358.057) 0.163-936\ 1s.s30.692) 1s.998-0se) ls-e3s s47) (6.122.170'l

6,595,121

72,559

27,64984-328

4,948,711 5,956,lg9 6,406,194 6,606,213 6,779,191 6,629,912 6,779,657 6,573,136 6,693,414

32,123 15,487 5,077 2,535 2,142 1,241

4,948,711 5,956,189 6.406,194 6,638.336 6.794.678 6.633.889 6.782.192 6.575-278 6.684.655

Business-Type ActivitiesInterest

Total Primary Govemment

Changes in Net PositionGovemmental ActivitiesBusiness-Type Activities

Total Primary Govemment

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

4,773,33450,367

125,010

5,659,041

64,991233,157

6,517,39965,277

40,940

5.1 96

6,469,36965,456

25,452

13,860

6,574,62r64,895

23,04020,858

2,295,778 1,312,765 1,362,319 1,166,66387,248 135,720 121,229 tt3,6t6

1,175,464

(72,267)782,985

(143,254)677,613

(l ls,l28)

2,383,026 1,448,485 1,483.s47 1.280.279 (369.258) 1.103.197 784.133 639.73r s62.485

103


Fund Balances of Governmental Funds - Last Ten Fiscal Years*April 30, 2013 (Unaudited)

General Fund

Reserved

Unreserved

Nonspendable

Assigned

Unassigned

Total General Fund

All Other Governmental Funds

Reserved

Unreserved, Reported in,Special Revenue Funds

Debt Service Funds

Capital Projects Funds

Nonspendable

Restricted

CommittedAssigned

$

2004 2005 2006

1,577,828 2,035,424 2,422,223

1.571.R28 ) O15 4r4 ) m

23,859

9,419615,974

260,379

1 8,199

1,37 1,47 I

698,993

18,975

3 18,017

Total All Other Governmental Funds 649.25' t 650 04R r 0

* Modified Accrual Basis of AccountingData Source: District Records

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

104

2007 2008 2009 2010 20tt 2012 20t3

2,876,540 3,031,516 2, 813 ,810

14,973

2,095,849

7,0361,849,749

2,l2g,3gg

7,917 7,423

239,071

2,356,928

2.876.540 3.031.516 2.813.810 z.tt 0,822 1.856.785 2J36.316 2.603.422

1,059,287

52,074

1,03 5,5 g5

1,404,904

47,405

361,450

1,433,611

102,040

864,404

2,608,428 3,291,749

677,046 1,563,131

48,228

1,916,496

1,464,637

1,212,507

42,337

1,531,646

1,448,177

1,308,799

2.146.946 1.813.759 2.400.055 3.285,474 4,844.879 4.641.868 4.330.959

105


Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years*April 30, 2013 (Unaudited)

2004 2005 2006

Revenues

Taxes


Intergovernmental

Grants and DonationsInterest

MiscellaneousTotalRevenues

Expenditures

General Government

Recreation

Capital OutlayDebt Service


Total Expenditures




Debt Issuance

Premium/(Discount) on Debt Issuance

Payment to Escrow AgentTransfers InTransfers Out

Total Other Financing Sources (Uses)


Debt Service as a Percentage

of Noncapital Expenditures

t Modified Accrual Basis of AccountingData Source: District Record

$ 4,585,677

2,947,095

220,438

100,985

5,135,553

2,935,062

265,829

125,010

5,453,580

3,143,463

206,575

233,157

7,854.195 8,461,454 9,036,775

4,225,654

2,114,900

1,249,087

1,465,855

4,218,1592,072,554

860,386

1,398,920

4l8,ll4

4,525,096

2,059,219

1,279,435

1,429,599

436,9329,055,496 g,96g,133 9,730,281

(1,201,301) (506,679) (693,506)

392,490 1,979,240

(l4,t7t)466,245

25,000(31.666)

385,824 1,965,069 466,245

ßrs.477\ 1As8390 (ry26D

106

t8.78% 22.t2% 21.49%

2007 2008 2009 20t0 2011 2012 20t3

5,727,703

3,337,100

241,944

334,835

6,090,529

3,342,39538,745

201,024298,199

r,120

6,300,641

3,230,933411,820

94,028155,518

37,541

6,582,676

2,858,807

167,100

195,913

40,940

5,196

6,667,6802,902,061

19,500

9,479

27,649

84,328

6,533,9242,828,589

11,250

3 8,288

25,45213,860

6,639,516

2,734,822

60,607

23,04020,858

9,641,592 9,972,012 10,230,481 9,850,632 9.710.697 9,451,263 9,479,943

4,944,252

2,224,923

991,317

1,525,491

41t,476

5,314,7332,363,801

997,660

6,205,7002,3lg,gl7r,133,847

4,615,6192,770,110

792,109

4,777,157

2,959,866gg6,gg4

4,779,6812,696,422

817,630

4,854,379

3,035,395

l,963,7gg

1,499,300

428,354

1,823,625

375,787

1,551,990

342,3041,493,820

285,612

1,408,020

277,3051,484,315

261,75110,097.359 10,603,848 11,959,770 I I 10,403,349 9,969.059 11,599,638

(455,777\ (631,83 6) (t,628,289) (221,389) (692,652) (517,795) (2,120,795)

2,021,055 453,625 3,521,990 403,920 l,ggg,020 594,315

( 1,525,000)

73,995

(73,995)190,350

( 190,3 50)

419,700

3,435,515

86,477

(1,245,000)

485,000(485,000)(4t9,700)

2,02r,055 453,625 1,996,gg0 403,820 t,ggg,020 594,315 2,276,992

1.565.2 78 078.211\ 368.s91 182.431 1.305.368 76-52 0 r56.197

20.10%20.65% 1997% 2t.07%

107

t9.t5% t8.26% 1828%

CRYSTAL LAKE PARK DTSTRTCT, TLLTNOTS

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

April 30, 2013 (Unaudited)

FiscalYear

Ended

April30

TaxLevyYear

ResidentialProperty Farm

CommercialProperty

2004 2003

2005 2004

2006 2005

2007 2006

2008 2007

2009 2008

2010 2009

20tl 20t0

2012 20tr

20t3 20t2

Data Source: Office of the County Clerk

$ 1,021,530,426

1,105,72I,087

1,225,493,482

1,313,710,430

r,414,397,423

1,459,023,370

1,443,682,234

1,306,869,030

1,223,204,166

1,100,501,671

s 3,776,604 s 249,633,144

3,817,454 265,831,930

3,718,329 278,739,359

4,220,906 296,835,130

4,216,855 307,984,578

4,349,r19 336,545,523

4,477,299 333,782,787

4,206,408 320,534,578

3,968,544 292,240,200

4,402,557 255,204,505

108

IndustrialProperty Mineral

State

Railroad

TotalTaxableAssessed

Value

TotalDirect Tax

Rate

$ 72,490,152 $ 496,015 $ 664,793 $ 1,348,591,134

76,965,738 647,708 744,935 1,453,728,852

82,133,975 1,r93,365 702,423 1,591,980,933

85,070,362 r,030,771 742,878 1,70r,610,477

88,654,861 1,210,450 1,088,384 1,817,552,551

92,981,485 957,435 831,262 1,894,688,194

93,307,514 947,007 995,786 1,877,192,627

90,3r8,928 947,007 1,237,880 1,724,113,831

90,393,428 1,294,997 1,313,207 1,592,404,542

72,322,744 1,348,806 1,492,266 7,435,262,549

0.3771

0.37t4

0.3562

0.3536

0.3431

0.3463

0.3519

0.37s8

0.4136

0.4605

109


Direct and Overlapp¡ng Property Tax Rates - Last Ten Fiscal YearsApril 30, 2013 (Unaudited)

2004 2005 2006

District Direct Rates

General

Bonds and InterestBond 19984Bond 20094Bond 2010

Bond 201 IBond 20124IMRFAuditLiability Insurance

Natural HistoryRecreation

Special Recreation

Additional CorpTotal Direct Rates

Overlapping Rates

McHenry CountyMcHenry County Conservation DistrictAlgonquin Twp.

City of Crystal LakeSchool District #47

School District #155

Community College #528

Total Direct and Overlapping Rates


0. I 000

0.0693

0.0320

0.0008

0.0198

0.0197

0.07s0

0.02ss

0.0350

0.1000

0.0642

0.0304

0.0006

0.0188

0.0136

0.0750

0.0338

0.0350

0.1000

0.0588

0.02520.0006

0.0175

0.009s

0.07s0

0.03460.0350

0.3771

0.7153

0.1663

0. l 833

0.79s32.9933

2.04330.3130

0.3714

0.7346

0. l 580

0.1768

0.88222.8927

1.9780

0.3033

0.3562

0.7278

0.1490

0.1704

0.9272

2.7747

1.9023

0.2922

7.5869 7.4970 7.2998

Note: Rates are per $100 of Assessed Value

110

2007 2008 2009 20t0 20tl 2012 2013

0. l 000

0.0ss00.0903

0.0514

0.02790.0006

0.0093

0.0094

0.07840.0400

0.0358

0.0792

0.0492

0.0306

0.0005

0.0137

0.0119

0.0971

0.0400

0.2420

0.0799

0.0498

0.0298

0.0008

0.0160

0.0107

0.0978

0.0400

0.0277

0.0870

0.02160.0048

0.0292

0.0942

0,0082

0.0148

0.0380

0.0126

0.0011

0.0220

0.0107

0.0895

0.0283

0.0943

0.1000

0.0221

0.0477

0.0226

0.0013

0.0202

0.01 l80.097s

0.0194

0.tr19

0.0270

0.0006

0.0160

0.0080

0.0720

0.0400

0.03s0

0.0058

0.0008

0.0203

0.0r040.0928

0.02610.0771

0.3s36

0.7060

0.14250.1677

0.9735

2.7302

1.8697

0.274t

0.343t

0.6871

0.1738

0.t6340.98292.6s96

1.82t30.2634

0.3463

0.70r40.1732

0.t6740.97942.6068

1.8648

0.2686

0.3s 19

0.7157

0.1775

0.t7031.0143

2.7285

t.90540.2740

0.3758

0.7927

0. l 956

0.t847t.07203.10752.0347

0.3039

0.4136

0.8879

0.2191

0.2109t.20613.43342.2979

0.3395

0.4605

0.99s8

0.248r0.2369

1.367 5

3.9477

2.6450

0.3921

7.2173 7.0946 7.1079 7 --t 376 8.0669 9.0084 10.2936

111


Principal Property Tax Payers - Current Levy Year and Ten Levy Years AgoApril 30, 2013 (Unaudited)

2012Levy 2002Levy

Taxpayer

Taxable

Assessed

Value

Percentage

of Total DistrictTaxable

Assessed

Rank Value

TaxableAssessed

Value

Percentage

of Total DistrictTaxable

Assessed

ValueRank

Inland Crystal Point LLCBradley Crystal Lake Centro

Cobalt Industrial Reit

WalmartTyco Healthcare Group

Sþridge Partners LP

Sunrise IV Crystal Lake SL LLCSkyridge Partners II LLCNorthern Illinois Medical Center

Inland Bohl Farm LLCCrystal Point Center LLCCenterpoint Venture LLCFountains Crystal Lake LP

RandallHill LLCDarlington Apartments LLCRFS Financing Partnership LP

$ 8,379,893

7,913,6085,290,303

4,794,455

4,566,172

4,259,940

4,099,833

3,815,300

3,478,793

3,430,265

7

5

I

I2

J

4

5

6

7

8

9

0

J

4

6

8

9

l0

0.58%

0.55%0.37%

0.33%

0.32%

0.30%0.28%

0.27%

0.24%

0.24%

$

5,359,984

5,703,355

8,578,901

7,123,846

5,801,040

5,429,986

5,095,490

4,403,677

4,219,705

3.48% 60,005,994

8,291,010 2 0.6t%

I

0A0%0.42%

0.64%

0.s3%

0.43%0.40%

0.38%

0.33%

0.3t%

50,077,562 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.

tt2


Property Tax Levies and Collections - Last Ten Fiscal YearsApril 30, 2013 (Unaudited)

Fiscal

Year

Ended

April30

Taxes

Levied forthe Fiscal

Year AmountPercentage

ofLevy

Collectionsin

Subsequent

Years AmountPercentage

ofLevy

Collected within the

Fiscal Year of the Levy Total Çollections to DateTax

LevyYear

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 99.95%

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

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

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

2012 20tl 6,585,007 6,574,622 99.84%

2013 2012 6,609,886 0.00%


Taxes levied for 2012 will not be collected until fiscal year 2014.

$ 5,085,185 99.99%

5,388,581 99.80%

5,657,084 99.76%

6,009,984 99.90%

6,226,894 gg.g5%

6,517,398 99.33%

6,595,123 99.84%

6,468,419 99.93%

6,574,622 99.84%

0.00%

113


Ratios of Outstanding Debt By Type - Last Ten Fiscal YearsApril 30, 2013 (Unaudited)


FiscalYear

General

Obligation

Bonds

Alternate

Revenue

Source Bonds

Debt

Certificates

Installment

Contracts

2004 $ 5,3 t7,490 $ 1,825,000 $ 1,400,000 $ 990,000

2,405,000

2,315,000

2,225,000

2,135,000

1,660,000

80,000

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

2006 4,396,245 1,300,000 l, I go,ooo

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

20t0 2,878,820 3,ooo,ooo 1,745,000

20tt 2,538,020 4,250,000 1,420,000

2012 2,249,315 3,g 1o,ooo 1,335,000

2013 2,020,515 6,080,000

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.

tt4

Business-Type

Activities

Debt

Certificates

TotalPrimary

Government

Percentage

ofPersonal

Income (l)Per

Capita (l)

$ 540,000

485,000

1,080,000

970,000

860,000

740,000

620,000

490,000

575,000

439,000

s 10,072,490

10,619,240

10,271,245

10,676,055

9,538,625

9,591,880

9,323,920

g,69g,o2o

7,969,315

9,539,515

0.76%

0.80%

0.67%

0.70%

0.62%

054%

0.5r%

0s4%

0.49%

053%

$ 201.4s

212.38

177.09

184.07

164.46

165.38

143.51

149.97

t37.40

147.23

115


Ratios of General Bonded Debt Outstanding - Last Ten Fiscal YearsApril 30, 2013 (Unaudited)

Fiscal

Year

General

Obligation

Bonds

Less: AmountsAvailable inDebt Service

Fund

Percentage ofTotal Taxable

Assessed

Value ofPropefty (1)

Per

Capita(2)Total

2004 $ 5,317,490 S 9,420 $ 5,309,070 0.39% $ 106.16

200s 4,864,240 18,199 4,946,041 0.33o/o

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,gg0 102,040 3,194,940 0.t7%

2010 2,878,820 70,539 2,808,281 0.15%

20tt 2,538,020 38,962 2,499,059 0.14%

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

2013 2,020,515 45,303 1,975,212 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 Property for property value data.

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

96.92

75.47

67.74

60.45

55.08

48.42

43.09

38.10

34.06

tt6


Schedule of Direct and Overlapping Governmental Activities DebtApril 30, 2013 (Unaudited)

Governmental Unit Gross Debt

Percentage ofDebt

Applicable toPark District (l)

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



McHenry County

McHenry County Conservation District

Village of Lake in the Hills

Huntley Fire District

Algonquin-Lake in the Hills Fire District

Algonquin Library District

Total Overlapping Debt

Total Direct and Overlapping Debt

s 8,100,5 15 100.000% $ 8,100,515

27,755,000

3,493,475

68,578,757

129,697,940

287,648,095

24,520,000

5,490,000

199,114,841

5,410,000

53,900,000

133,055,000

7,595,000

1,875,000

6,435,000

4,320,000

98.140%

52.420%

0.370%

0.930%

0.230%

79.530%

8.650%

0.060%

20.030%

18.200%

18.200%

2.730%

0.590%

0.7s0%

1.320%

27,238,7 57

1,926,03 g

253,741

1,206,791

661,591

19,500,756

474,885

119,469

1,083,623

9,809,800

24,216,010

207,344

I1,063

48,263

57,024

95 8,878,1 08

966,978,623

Data Source: Crystal Lake Park District Official Statement

(1) Determined by ratio of assessed valuation of property subject to taxation in the District tovaluation of properly subject to taxation in overlapping unit.

86,774,553

ll7

94,815,068


Legal Debt Margin - Last Ten Fiscal Years

April 30, 2013 (Unaudited)

2004 2005 2006 2007

Equalized Assessed Valuation s 1.348.591.134 1,453,728,852 1,591,980,933 1J13,09,0M

Bonded Debt Limit -

2.875% of Assessed Value

Amount of Debt Applicable to Limit

Legal Debt Margin

Percentage of Legal Debt Marginto Bonded Debt Limit

Non-Referendum Legal Debt Limit -

.575% of Assessed Value

Amount of Debt Applicable to Limit

Legal Debt Margin

Percentage of Legal Debt Marginto Bonded Debt Limit

Data Source: District Records

38,771,995 41,794,704 45,769,452 49,25r,109

7,855,000 8,565,000 8.505,000 7,655,000

30.916.995 33.229.704 37.264,452 41.596.109

79.74% 79.51% 8t.42% 84.46%

7,754,399 8,358,941 9,1 53,890 9,850,222

4,925,000 4.385.000 3,930,000 3,460,000

) 829.399 3.973.941 5.223.890 6.390.222

36.49% 47.54% 57.07% 64.87%

-

118

2008 2009 20r0 20tr 2012 20t3

1.830.647.035 1.894.68 194 l-877.192.627 1.724.113.831 I 158.747 1.435.841.3548-

52,631,102 54,472,286 53,969,288 49,568,273 45,832,064 41,280,439

2,459,5156,o5o,ooo 5.865,000 4,920,000 3.950,000 4,159,315

46.58r.r02 48.607.286 49.049.288 45.618.273 4r.672.749 38.820.924

88.s0% 89.23% 90.88% 92.03% 90.90% 9090%

10,526,220 10,894,457 10,793,858 9,913,655 9,166,413 8,256,088

3,100,000 2,920,000 2,475,000 2,040,000 2,249,315 2,020,515

7.426.220 7 .974.457 8.318.8s8 1 873.655 6.917.098 6.235.573

70.55% 73.20% 77.07% 79.42% 7s.46% 75.53%

119


Demographic and Economic Statistics - Last Ten Fiscal YearsApril 30, 2013 (Unaudited)

Fiscal

Year

(l)Population

(2)

Personal

Income

(2)

Per

CapitaPersonal

Income

(3)

UnemploymentRate

2004 50,000

2005 50,000

2006 58,000

2007 58,000

2008 58,000

2009 58,000

20t0 58,000

20tr 58,000

20t2 58,000

20t3 58,000

Data Sources:

(l) Park District Official Statement

(2) City of Crystal Lake CAFR(3) rDES

$ 1,323,800,000

1,323,800,000

1,535,608,000

1,535,608,000

1,535,608,000

1,785,066,000

1,620,520,000

7,620,520,000

1,620,520,000

1,620,520,000

$ 26,476

26,476

26,476

26,476

26,476

30,777

27,940

27,940

27,940

27,940

4.60%

530%

4.60%

4.10%

4.90%

9.60%

10.30%

8.30%

8.20%

8.60%

120


Principal Employers - Current Year and Nine Years AgoApril 30, 2013 (Unaudited)

2013 2004

Employer

Percentage

of TotalDistrict

Employees Rank Employment

Percentage

of Total

DistrictEmployees Rank Employment

TC Industries,IncKnaack Mfg. Co.

Althoff Industries, Inc.Baxter & Woodman,Inc.Home State Bank

General Kinematics Corp.

Technipaq,Inc.

Holiday Inn

Shaw Suburban Media

Mathews Co.

McHenry County College

Black Dot GroupPreMediaONE

Northwest Newspapers Co.

Eltek AmericasPrecision Twist Drill Company

Creative Bedding Technologies Inc

Data Source: Park District Official Statement

400

260

250190

180

135

130

125

125

100

1

2

J

4

5

6

7

8

9

l0

2.13%

1.39%1.33%

t.0l%0.96%

0.72%

0.69%

0.67%

0.67%

0.s3%

250 5 r33%

250 5 1.33%

130 9 0.69%

500 I 2.67%

410

300

300

250

200

200

150

2

J

4

5

6

7

8

2.19%

t.60%r.60%t.33%1.07%

1.07%

0.80%

1,895 t0.r0% 2,940 15.67%

t2t


Full-Time Equivalent Government Employees by Function - Last Ten Fiscal YearsApril 30, 2013 (Unaudited)

2004 2005 2006

General Government

AdministrationFull-Time

Operations

Part-Time

Full-Time

Recreation

Full-TimePart-Time

12

28

l328

t328

899

36

534

34

515

37

517

Total 619 s99 603

Data Source: Park District Records

t22

2007 2008 2009 20t0 20tl 2012 2013

99I88

t226

9

t226

9

13

28

l328

t328

t227

12

27

39

510

36

522

36

405

35

398

28

375

28

31632

397

598 607 490 480 476 451 392

t23


Operating Indicators by Function/Program - Last Ten X'iscal YearsApril 30, 2013 (Unaudited)

2004 2005 2006

Racket ClubMemberships

AdmissionsMain Beach

West Beach

Programs

Recreation


N/A - Information not available.

I 15,383

14,215

N/A

1,303 1,306

106,874

19,481

N/A

1,333

113,624

24,821

12,819

124

Ët

2007 2008 2009 2010 20tl 2012 2013

116,664

23,674

126,632

22,566

108,125

22,523

104,977

17,359

1,072

70,914

19,631

1,088

51,864

10,456

1,123

N/AN/A

8,939

1,351 1,269 1,233 22I1

rl,74l 10,898 10,216 10,105 10,5 1 5 10,920

125


Capital Asset Statistics by Function/Program - Last Ten X'iscal YearsApril 30, 2013 (Unaudited)

2004 2005 2006

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

l4

22

28

t4

22

28

l4

;9

I

;9

I

;9

I464646

126

Ë;

2007 2008 2009 20 0 20 20t2 20131 1

23

29

t4II2

l1I

46

I

23

29

l41

1

2

llI

46

I

23

29

23

29

t41

23

28

I4I

23

28

t4

23

28

I4 4

1

I2

II

1

I2

1

1

;II

;9

II

46

I46

;9

1

46 4646

I I

127

Date post:	21-Feb-2021
Category:	Documents
Upload:	others
View:	1 times
Download:	0 times

LAKE PARK DISTR|GT, ILLINOIS...The comprehensive annual financial report of the Crystal Lake Park...

Documents