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GRYSTAL LAKE PARK DISTRIGT, ILLINOIS
CRY$TAI, UKI PARX IX$TRrt
GOMPREHENSIVE ANNUALFINANGIAL REPORT
FOR YEAR ENDEDAPRTL 3Or 2012
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDEDAPRIL 30,2012
Prepared by:Finance Department
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
TABLE OF CONTENTS
PAGEINTRODUCTORY SECTION
Principal Officials .....Organizational Chart...Transmittal LetterCertificate of Achievement for Excellence in Financial Reporting..
FINANCIAL SECTION
INDEPENDENT AUDITORS' REPORT
MANAGEMENT'S DISCUSSION AND ANALYSIS
BASIC FINANCIAL STATEMENTS:
Government-Wide Financial Statements
Statement of Net 4ssets..............Statement of Activitres
Fund Financial StatementsBalance Sheet - Governmental Funds ................Reconciliation of Total Governmental Fund Balance to the
Statement of Net Assets - Govemmental Activities.........Statement of Revenues, Expenditures and Changes in
Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes inFund Balances to the Statement of Activities - Govemmental Activities
Statement ofNet Assets - Proprietary Fund......Statement of Revenues, Expenses and Changes in Net Assets - Proprietary Fund ......
Statement of Cash Flows - Proprietary Fund
Notes to Financial Statements
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Funding Progress and Employer ContributionsIllinois Municipal Retirement Fund.........Other Post-Employment Benefit Plan
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
General FundRecreation - Special Revenue Fund.........
...MD&A I - 12
3456
l-2
7 -8
10-11
t6-45
..14
t213
15
4647
484950Special Recreation - Special Revenue Fund
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
TABLE OF CONTENTS
PAGEX'INANCIAL SECTION - Continued
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
Schedule of Revenues - Budget and Actual - General Fund.........
Schedule of Expenditures - Budget and Actual - General Fund
Schedule of Expenditures - Budget and Actual - Recreation - Special Revenue Fund......,.....
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and ActualDebt Service FundCapital Projects Fund.........
Combining Balance Sheet - Nonmajor Governmental Funds..........
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Govemmental FundsSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Illinois Municipal Retirement - Special Revenue Fund.........
Liability Insurance - Special Revenue Fund ..............
Schedule of Expenditures - Budget and Actual - Liability Insurance - Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Audit - Special Revenue Fund...............Natural History Center and Museum - Special Revenue Fund.........
Schedule of Expenditures - Budget and Actual - Natural History Center and Museum -Special Revenue Fund ........
Schedule of Revenues, Expenses and Changes in Net Assets - Budget and ActualRacket Club - Enterprise Fund.........
Schedule of Operating Expenses - Budget and Actual - Racket Club - Enterprise Fund....
Schedule of Revenues, Expenses and Changes in Net Assets - Budget and Actual
Golf Leaming Center - Enterprise FundSchedule of Operating Expenses - Budget and Actual
Golf Learning Center - Enterprise Fund
SUPPLEMENTAL SCHEDULES
General Obligation Limited Bonds of 19984General Obligation (Altemate Revenue Source) Bonds of 20068General Obligation (Alternate Revenue Source) Bonds of 2008B
General Obligation Limited Tax Refunding Park Bonds of 20094General Obligation (Alternate Revenue Source) Bonds of 20104..General Obligation Limited Tax Park Bonds of 2011 .....................
Debt Certificates of 2003 ..................Debt Certificates of 20044..........
..52 - 60
..61 - 66
5l
6768
73
7475
69 -70
7t -72
7677
....78 - 80
8l82-87
88
89 9t
9293
9495
96979899
Debt Certificates of 201 I ................. 100
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
TABLE OF CONTENTS
STATISTICAL SECTION (Unauditedl
Net Assets by Component - Last Eight Fiscal Years
Changes in Net Assets - Last Eight Fiscal Years '.......Fund Balances of Governmental Funds - Last Ten Fiscal Years........
Changes in Fund Balances for Governmental Funds - Last Ten Fiscal Years........
Assessed Value and Actual Value ofTaxable Property - Last Ten Fiscal Years.....'..
Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years....'...
Schedule of Direct and Overlapping Governmental Activities DebtSchedule of Legal Debt Margin - Last Ten Fiscal Years........
PAGE
101 - 102103 - 104
105 - 106
107 - 108
109 - 110
ttt - ll2Principal Property Tax Payers - Current Year and Nine Years Ago ..... 113
Property Tax Levies and Collections - Last Ten Fiscal Years........ ....................114
Ratios of Outstanding Debt by Type - Last Ten Fiscal Years 115 - 116
Ratio of General Bonded Debt Outstanding - Last Ten Fiscal Years.'.......1r8
trg - r20
tt7
t2lt22t24t26128
Demographic and Economic Statistics - Last Ten Fiscal Years
Principal Employers - Current Fiscal Year and Nine Fiscal Years 4go..........Full-Time Equivalent Village Government Employees by Function - Last Ten Fiscal Years .....123 'Operating Indicators by Function/Program - Last Ten Fiscal Years ........I25 'Capital Asset Statistics by Function/Program - Last Ten Fiscal Years t27 -
INTRODUCTORY SECTION
This section includes miscellaneous data regarding the Crystal Lake Park District including the
Principal Officials, Organizational Chart, Transmittal Letter, and Certificate of Achievement for
Excellence in Financial Reporting.
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Principal OfficialsApril30,2012
BOARD OF COMMISSIONERS
Deborah Gallagher, President
Angel Collins, Vice President
Paul Myers, Commissioner
Jerry Sullivan, Commissioner
Larry Wheeler, Treasurer
Richard Passavant, Commissioner
Michael Walkup, Commissioner
PARK DISTRICT STAFF
Jason Herbster, Executive Director
Dennis Jahnke, Superintendent of Parks Services
Don Self, Superintendent of Recreation Services
Jack Sebesta, Superintendent of Facility Services
Debra Oldham, Superintendent of Business Services
I
Admin. Assist. -RecordsCSO Officers
SergeantChief of Park PoliceOfficers Part-t¡me
LaborersMaintenance SpecialistsParks Supervisor Crew Leaders
LaborersMaintena nce SpecialistsCrew LeadersGrounds Supervisor
Part-timeCustodial StaffFacility Supervisor
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Manager of Natural Resources
Park Planner
Administrative Assista nt
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Safety CoordinatorHuman Resource Manager
P.T. BookkeeperP.T. Customer Service Rep.
Customer Service Representative
Customer Service Coordinator - Rec. SecyAdmin. Asst/Office Mgr
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Program StaffRecreation Su pervisors
Aquatics / Beach Operations
Adulr Softball
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Affiliate Groups
Lippold Park
Family Golf Manager
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Nature Center
Park Place
Colonel Palmer House
Barlina House
Public I nformation Coordinator Marketing Coordinator
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CRYSTAI, LAKE PARK DISTRICTAn IA P D/ P RA D i stingu i sh e d Agen cy
August 28,2012
To the Citizens ofthe Crystal Lake Park Distict:
The comprehensive annual financial report of the Crystal Lake Park District, Illinois (District) for thefiscal year ended April 30, 2012, is hereby submitted as mandated by State Statutes. The District isrequired to issue annually a report of its financial position and activity presented in conformance withgenerally accepted accounting principles (GAAP) and audited in accordance with generally acceptedauditing standards by an independent firm of certified public accountants. Responsibility for both theaccuracy of the data, and the completeness and fairness of the presentation, including all disclosures, restswith the District. To the best of our knowledge and belief, the enclosed data is accurate in all materialrespects and is reported in a manner designed to present fairly the financial position and results ofoperations of the various funds and account groups of the District. All disclosures necessary to enable thereader to gain an understanding of the District's financial activities have been included.
The District has established a comprehensive set of internal controls that are designed to protect theDistrict's assets from loss, theft, or misuse. These internal controls are also used to compile sufficientreliable information for the preparation of the District's financial statements in conformity with GAAP.Because the cost of intemal controls should not outweigh their benefits, the District's framework ofintemal controls has been designed to provide reasonable rather than absolute assurance that the financialstatements will be ûee from material misstatements. Included with this report are all disclosures necessaryto enable the reader to gain the mzu<imum understanding of the Park District's financial aflairs.
Generally accepted accounting principles, (GAAP) require that management provide a narrativeintroduction, overview, and analysis to accompany the basic financial statements in the form ofI\4anagement's Discussion and Analysis (MD&A). This letter of transmittal is designed to complementthe MD&A and is meant to be read in conjunction with it. The District's MD&A can be foundimmediately following the report of the independent auditors.
One East Crystal Lake Avenue I Crystal Lake, lL600L4 | Phone: 815-459-0680 | Fax 815-477-5005 |
lvvvw. crystall akep arks. org.
iii
This report includes all funds of the Crystal Lake Park District (the primary govemment). The Districtprovides a fuIl range of services and facilities. These services include recreation programs, park
management, capital development, and general administration. Additionally, the District operates avariety of facilities for all ages, including: The Racket Club, an indoor tennis facility; Lippold ParkFamily Golf Center, which includes a driving range and two miniature golf courses; Park Place, a banquet
facility; Barlina House, the Park District preschool; The Nature Center, which offers programs and
exhibits for all ages; the Colonel Palmer House, an historic landmark that offers programs dating back towhen the Palmer's settled in Crystal Lake.
Other special facilities operated by the District include an outdoor skate boarding facility; splash pad; twobeaches; dog park; batting cages; tennis and basketball courts; and athletic fields.
GOVERNMENTAL STRUCTURE, LOCAL ECONOMIC CONDITION, AND OUTLOOK
The District was established as a separate governmental agency in 1921. It is located in southeastem
McHenry County, 49 miles northwest of Chicago. The District serves the City of Crystal Lake, the
Village of Lakewood, a small area of Lake in the Hills and some sulrounding unincorporated areas. The
total population serviced by the District is estimated to be 58,000. The District owns some 1,400 acres ofland and 45 parks.
The City of Crysøl Lake represents the strongest commercial hub in McHenry county providing shoppers
with a wide range of goods and services. The main business district has numerous well-establishedretailers and numerous employment opportunities are available to residents in various industries in and
around the district. Highway and commuter train service also offers employment opportunities indowntown Chicago in addition to the northern and northwestern suburbs. The City of Crystal Lake April2012 unemployment rate was at 8.2 percent compared to the County rate of 8.6 percent and the State rate
of 8.6 percent.
The District has the authority to levy a property tax on all real and personal property within its boundaries.
The majority of the tax base of the District is residential properties. Approximately 77 percent of theDistrict's tax base is concentrated in residential properties, with Commercial and Industrial properties
accounting for approximately 23 percent.
The District operates under a board-manager form of government. The Board consists of seven
individuals who are elected from the Distict at large to serve four-year staggered terms. The Board isvested with all policymaking and legislative responsibilities. The Board employs an Executive Director toadminister the policies, progr¿rms, and direct staff. Some of the Board responsibilities include approval ofthe budget, tax levy, ordinances, long-term financial and capital planning; as well as establishment ofcommittees and appointment of the District's attomey.
The District's financial condition is healtþ. Based upon the information available, staff anticipates the
economic condition and outlook of the District to remain stable.
IV
MAJOR INITIATIVES
For the Year. Eachyear when preparing the budget, the District reviews its annual capital project plan.
The District adopted a Comprehensive Master Plan for the period of 2010-2014 in April of 2010. The
plan is reviewed annually to reflect changes in the population being served, the financial capacity, and
condition of the District, and the impact that these two factors have on the programming needs of the
citizens. As a result of the Comprehensive Master Plan, a strategic initiative to Develop a Five Year
Capital Improvement and Replacement Plan with a committee of staff from all departments evolved. The
committee will meet regularly throughout the year, providing additional feedback in current and future
Park District improvements.
During the 20lIlI2 fiscal year, the majority of the District's capital improvements focused on park
improvements, vehicle and equipment replacement, technology upgrades, repair, and/or replacement ofexisting facilities and equipment, as well as ongoing upgrades to comply with ADA standards. Projectsfor the year included vehicle and equipment replacements; Lippold Park electric upgrades; varioustechnology improvements; Racket Club indoor tennis court resurfacing and West Beach pre-
construction services.
For the Future. Plans for the renovation of the V/est Beach building and seawall are complete. The
building will include a multipurpose room and washroom facilities for beach and facility users.
Construction is scheduled to be completed in the 20l2ll3 fiscal year. Playgrounds in Ken Bird and
Woodland Estates Parks are next in line for replacement. Plans to purchase land for the future
development of a community center are being developed.
FINANCIAL POLICIES AND PRACTICES
The Park District's Fund Balance Policy establishes target ratios for unrestricted fund balances to
operating budget expenditures. The policy provides for the minimum amount of unreserved fund balance
to be maintained for each fund, generally 25% of annual budgeted expenditures; 35o/o for the General
Fund. These reserves are monitored and the annual budget is prepared in compliance with this policy.
The Park District's Capital Project Plan is reviewed annually prior to and during the budget process.
Scheduled improvements are reevaluated to determine if they coincide with current priorities. Grant
opportunities are considered and applied for when appropriate.
As a result of the current economy, the District has reacted to the challenges by maximizing existing
resources, adjusting program offerings and maintaining staffing costs.
OTHER INF'ORMATION
Independent Audil Illinois Compiled Statutes require an annual audit by independent certified public
accountants. The District's Board of Park Commissioners selected the accounting firm of Lauterbach &Amen, LLP, Certified Public Accountants. The auditor's report is included in the financial section of this
report.
Awørds. The Crystal Lake Park District received the Joint Illinois Association of Park Districts and
Illinois Park and Recreation Association Distinguished Agency Award for 2002-2007 and was recertified
for 2008-2013.
v
The Government Finance Officers Association of the United States and Canada (GFOA) awarded âCertificate of Achievement for Excellence in Financial Reporting to the Crystal Lake Park District forits comprehensive annual flrnancial report for the fiscal year April 30,2011. This was the first time thatthe District applied for the award. In order to be awarded a Certificate of Achievement, a govemment
must publish an easily readable and efficiently organized comprehensive annual financial report. Thisreport must satis both generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our currentcomprehensive annual financial report meets the Certificate of Achievements Program's requirementsand are submitting it to the GFOA to determine its eligibilþ for a Certiflrcate.
Acknowledgmenß. The preparation of the comprehensive annual financial report on a timely basis wasmade possible by the dedicated service of the entire staffof the finance department. Each member of thedeparhnent has our sincere appreciation for the contributions made in the preparation of this report.
In closing, without the leadership and support of the goveming body of the District, preparation of thisreport would not have been possible.
Sincerely,
Jason HerbsterExecutive Director
Debra OldhamSuperintendent of Business Services
vl
Crystal Lake Park District
Presented to
IllinoisFor its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
April30,20ll
A Certificatè of Achievement for Excellence in Financial
Reporting is presented by the Govemment Finance Officers
Association of the United States and Canada to
governirient units and public employee retirement
systems whose comprehensive annual financial
reþorts (CAFRs) achieve the highest
standa¡ds in government accountingand financial rePorting'
Certificate ofAchievementfor Excellencein FinancialReporting
ffirrrÊtu*President
Executive Director
vii
FINANCIAL SECTION
This section includes:
Independent Auditors' Report
Management's Discussion and Analysis
Basic Financial Statements
Required Supplementary Information
Combining and Individual Fund Statements and Schedules
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INDEPENDENT AUDITORS' REPORT
This section includes the opinion of the Park District's independent auditing flrrm.
Lauterbach & Amen, LLP 27)/V457 WARRENVILLE RD. . WARRENVILLE, ILLINOIS 60555
PHONE 630.393..1483 . FAX 630.393.2s16www. lauterbachamen.com
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT
August 28,2012
Members of the Board of CommissionersCrystal Lake Park DistrictCrystal Lake,Illinois
V/e have audited the acc;ompanying financial statements of the governmental activities, the business-type
activities, each major fund, and the aggregate remaining fund information of the Crystal Lake Park
District, Illinois as of and for the year ended April 30, 2012, which collectively comprise the District's
basic financial statements as listed in the accompanying table of contents. These financial statements are
the responsibility of the Crystal Lake Park District, Illinois' management. Our responsibility is to express
opinions on these financial statements based on our audit'
We conducted our audit in accordance with auditing standards generally accepted in the United States ofAmerica. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the basic financial statements are free of material misstatement. An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinions.
In our opinion the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, each major fund,
aná the aggregate remaining fund information of the Crystal Lake Park District, Illinois as of April 30,
20!2, and the respective changes in financial position and, where applicable, cash flows thereof for the
year then ended in conformity with accounting principles generally accepted in the United States ofAmerica.
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis and other required supplementary information be presented to supplement the
basic financial statements. Such information, although not a part of the basic financial statements, is
required by the Govemmentai Accounting Standards Boarci, who considers it to be an essentiai part offinancial reporting for placing the basic financial statements in an appropriate operational, economic, or
historical context. We have applied certain limited procedures to the required supplementary information
in accordance with auditing standards generally accepted in the United States of America, which
consisted of inquiries of management about the methods of preparing the information and comparing the
information for consistency with management's responses to our inquiries, the basic financial statements,
and other knowledge we obtained during our audit of the basic financial statements. We do not express an
opinion or provide any assurance on the information because the limited procedures do not provide us
with sufficient evidence to express an opinion or provide any assurance.
Crystal Lake Park District, IllinoisAugust 28,2012Page2
Our audit was conducted for the purposes of forming opinions on the financial statements that collectivelycomprise the Crystal Lake Park District, Illinois' financial statements as a whole. The combining and
individual nonmajor fund financial statements and schedules and other information listed as schedules and
other supplementary information in the accompanying table of contents, are presented for purposes ofadditional analysis and are not a required part of the financial statements. The combining and individualnonmajor fund financial statements and schedules and other information listed as schedules and othersupplementary information in the accompanying table of contents are the responsibility of management
and were derived from and relate directly to the underlying accounting and other records used to prepare
the f,rnancial statements. The information has been subjected to the auditing procedures applied in the
audit of the financial statements and certain additional procedures in accordance with auditing standardsgenerally accepted in the United States of America. In our opinion the information is fairly stated in allmaterial respects in relation to the financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied by us
in the audit of the basic financial statements and, accordingly, we do not express an opinion or provideany assurance on them.
LAUTERBACH & AMEN, LLP
2
MANAGEMENT'S DISCUSSION AND ANALYSIS
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's I)iscussion and AnalysisApril30,2012
Our discussion and analysis of the Crystal Lake Park District's financial performance provides an
overview of the District's financial activities for the fiscal year ended April 30, 2012. Please read it inconjunction with the District's financial statements, which begin on page 3.
FINANCIAL HIGHLIGHTS
The District's net assets increased as a result of this year's operations. While net assets ofbusiness-type activities decreased by $143,254, or 4.7 percent, net assets of the governmentalactivities increased by $782,985 or approximately 2.9 percent.
During the year, government-wide revenues before transfers for the primary governmenttotaled $10,93I,486 while expenses totaled 510,291,755 resulting in an increase to net assets
of $639,731.
The District's net assets totaled 530,820,777 on April 30,2012, which includes 524,873,348invested in capital assets, net of related debt, $1,877,2I8 subject to external restrictions, and
54,070,211 unrestricted net assets that may be used to meet the ongoing obligations tocitizens and creditors.
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The General Fund reported an increase this year of $279,531 resulting in ending fund balance
of$2,136,3 16, an increase of 15.1 percent.
The Recreation Fund reported a surplus this year of $230,156, resulting in ending fundbalance of $1,482,451, an increase of 18.4 percent.
USING THIS ANNUAL REPORT
This annual report consists of a series of financial statements. The Statement of Net Assets and the
Statement of Activities (on pages 3 - 6) provide information about the activities of the Crystal Lake ParkDistrict as a whole and present a longer-term view of the District's hnances. Fund financial statements
begin on page 7. For governmental activities, these statements tell how these services were financed inthe short term as well as what remains for future spending. Fund hnancial statements also report theDistrict's operations in more detail than the government-wide statements by providing information aboutthe District's most significant funds.
Government-Wide Financial Statements
The government-wide financial statements provide readers with a broad overview of the Crystal LakePark District's hnances, in a matter similar to a private-sector business. The government wide financialstatements can be found on pages 3 - 6 of this report.
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MD&A 1
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
USING THIS ANNUAL REPORT - Continued
Government-Wide Financial Statements - Continued
The Statement of Net Assets reports information on all of the District's assets and liabilities, with the
difference between the two reported as net assets. Over time, increases or decreases in net assets may
serve as a useful indicator of whether the financial position of the District is improving or deteriorating.
Consideration of other nonfinancial factors, such as changes in the District's property tax base and the
condition of the District's parks and infrastructure, is needed to assess the overall health of the CrystalLake Park District.
The Statement of Activities presents information showing how the govemment's net assets changed
during the most recent fiscal year. All changes in net assets are reported as soon as the tmderlying event
giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and
expenses are reported in this statement for some items that will only result in cash flows in future fiscalperiods (e.g., uncollected taxes and earned but unused vacation leave).
Both of the government-wide financial statements distinguish functions of the District that ate
principally supported by taxes and intergovemmental revenues (governmental activities) from other
functions that are intended to recover all or a significant portion of their costs through user fees and
charges (business-type activities). The governmental activities of the District include general
govemment and recreation. The business-type activities of the District include racket club and golflearning center operations.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. The District, like other local governments, uses fund
accounting to ensure and demonstrate compliance with hnance-related legal requirements. All of the
funds of the District can be divided into two categories: governmental funds and proprietary funds.
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental
activities in the government-wide hnancial statements. However, governmental fund financial
statements focus on near-term inflows and outflows of spendable resources, as well as on balances ofspendable resources available at the end of the fiscal year. Such information may be useful in evaluating
the District' s near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. Bydoing so, readers may better understand the long-term impact of the govemment's near-term financing
decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues,
expenditures, and changes in fund balances provide a reconciliation to facilitate the comparison between
governmental funds and governmental activities.
}i4.D&.A2
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
USING THIS ANNUAL REPORT - Continued
Fund Financial Statements - Continued
Governmental Funds - Continued
The Crystal Lake Park District maintains nine individual govemmental funds. Information is presented
separately in the governmental fund balance sheet and in the governmental fund statement of revenues,
expenditures, and changes in fund balances for the General Fund, Recreation Fund, Special RecreationFund, Debt Service Fund, and Capital Projects Fund, all of which are considered major funds. Data fromthe other four governmental funds are combined into a single, aggregated presentation. Individual funddata for each of these nonmajor governmental funds is provided in the form of combining statements
elsewhere in this report.
The District adopts an annual appropriated budget for all of the governmental funds. A budgetary
comparison statement for these funds has been provided to demonstrate compliance with this budget.
The basic governmental fund financial statements can be found on pages 7 - 12 of this report.
Proprietary Funds
The District maintains two enterprise funds. Enterprise funds are used to report the same functionspresented as business-type activities in the government-wide financial statements. The Crystal Lake
Park District utilizes enterprise funds to account for its racket club and golf learning center operations.
Proprietary fund financial statements provide the same type of information as the govemment-widefinancial statements, only in more detail. The proprietary fund financial statements provide separate
information for the Racket Club Fund and Golf Learning Center Fund, both of which are considered to
be major funds of the District.
The basic proprietary fund financial statements can be found on pages 13 - 15 of this report.
Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided inthe government-wide and fund financial statements. The notes to the financial statements can be foundon pages 16 - 45 of this report.
Other Information
In addition to the basic financial statements and accompanying notes, this report also presents certain
required supplementary information conceming the District's I.M.R.F. and other postemployment
benefit employee pension obligations. Required supplementary information can be found on pages 46 -50 of this report. The combining statements referred to earlier in connection with non-majorgovernmental funds are presented immediately following the required supplementary information onpensions. Combining and individual fund statements and schedules can be found on pages 51-91 of thisreport.
MD&A 3
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
GOVERNMENT-WIDE FINANCIAL ANALYSIS
Net assets may serve over time as a useful indicator of a govemment's financial position. The followingtables show that in the case of the Crystal Lake Park District, assets exceeded liabilities by 530,820,777.
Net Assets
GovernmentalActivities
Business-typeActivities Total
2012 20tt 2012 20tt 2012 20tt
Current and Other Assets
Capital Assets
Total Assets
$ 13,851,953
28.760,33613,996,10428,897,684
303,763
3,30s,236 3.237 ,375 32,06
14,419,55432,135,059
423,450 14,155,7165.572
42,612,289 42,893,788 3,608,999 3,660,825 46,221,288 46,554,613
Long-Term DebtOther Liabilities
Total Liabilities
6,074,5898.652,182
6,961,4228,829,833
473,103200,637
395,400186.912
6,547,692
8.852,819
7,356,822
9,016,745
14,726,771 15,791,255 673,740 582,312 15.400.511. t6,373,567
Net Assets
lnvested in Capital Assets,
Net of Related DebtRestrictedUnrestricted (Deficit)
22,143,7121,877,2183.86s, I 88
22,183,2943,242,7861,676,453
2,730,236 2,747,375 24,873,348- 1,877,218
24,930,6693,242,7862,007,591205.023 33 r,r38 4, 070.211
Total Net Assets 27,885,518 27,102,533 2,935,259 3,078,513 30, 820,777 30,181,046
A large portion of the District's net assets, 524,873,348 or 80.7 percent, reflects its investment in capitalassets (for example, land, buildings, machinery, and equipment), less any related debt used to acquirethose assets that is still outstanding. The District uses these capital assets to provide services to citizens;consequently, these assets are not available for future spending. Although the District's investment in itscapital assets is reported net of related debt, it should be noted that the resources needed to repay thisdebt must be provided from other sources, since the capital assets themselves cannot be used to liquidatethese liabilities.
An additional portion,$1,877,218 or 6.1 percent, of the Crystal Lake Park District's net assets represents
resources that are subject to external restrictions on how they may be used. The remaining 13.2 percent,
or $4,070,211 represents unrestricted net assets and may be used to meet the government's ongoingobligations to citizens and creditors.
MD&A 4
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
GOVERNMENT-WIDE FINANCIAL ANALYSIS - Continued
Govemmental
Activities
in Net Assets
Business-Type
Activities Total
Revenues
Program Revenues
Charges for Services
Operating Grants/Contrib.
Capital Grants/Contrib.General Revenues
Property Taxes
Replacement Taxes
Interest Income
MiscellaneousTotal Revenues
Expenses
General Government
Recreation
Interest on Long-Term Debt
Racket ClubGolf Learning Center
Total Expenses
Change in Net Assets
Before Transfers
Transfers
Change in Net Assets
Net Assets-Beginning
Net Assets-Ending
2012 20tt 2012 20tl 2012 20tt
$ 2,828,589 2,902,061 1,478,081 1,458,399 4,306,670 4,360,460
49,538 28,979 49,538 28,979
6,469,368
65,456
25,452
13,860
6,595,121
72,559
27,649
84,328
6,595,121
72,559
30,184
84.328
2,142 2,535
6,468,368
65,456
27,594l 3.860
9,451,263 7t
4,891,083
3,532,614244,581
4,894,562
3,582,343
283,997
4,gg l,og33,532,614
244,581
1,490,078
133.399
l1 t7t,63t
4,894,562
3,592,343
283,997
1,479,582
147,014
1 1 I
1,490,078
133,399
1,479,582
147,014
8,668,278 8,760,902 1,623,477 1.626.s96 r0.29r,7ss 10,387,498
782,985 949,795 (143,254) (165,662) 639,731 784,133
782,985 949,795 (t43,254) (165,662) 639,731 784,133
27,102,533 26,152,738 3,078,513 3.244.17s 30.181.046 29.396.913
27,885,51 8 27 ,102,533 2,935,259 3.078.s 13 30.820,777 30,181,046
MD&A 5
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
GOVERNMENT-WIDE FINANCIAL ANALYSIS - Continued
Net assets of the District's govemmental activities increased by 2.9 percent ($27,885,518 in 2012compared to 527,102,533 in 20Il). Unrestricted net assets, the part of net assets that can be used tofinance day-to-day operations without constraints, totaled $3,865,188 at April 30,2012.
Net assets of business-type activities decreased by 4.7 percent (52,935,259 in 2012 compared to$3,078,513 in 2011).
Governmental Activities
Revenues for governmental activities totaled 59,451,263, while the cost of all governmental functionstotaled $8,668,278. This results in a surplus of $782,985. In 2011, revenues of $9,710,697 exceededexpenses of $8,760,902, resulting in a surplus of 5949,795.
Although the District received slightly more grant funding in the current year (capital grants for 2012totaled $49,538 compared to 528p79 in 20ll), charges and services decreased by $73,472 and totalrevenues decreased by 5259,434. Total expenses decreased slightly by 592,624 or just over one percent.
The following table graphically depicts the major revenue sources of the District. It depicts very clearlythe reliance of property taxes and charges for services to fund governmental activities. It also clearlyidentifies the less significant percentage the District receives from replacement taxes and interestearnings.
Revenues by
ReplacementTaxes
l%o
Property Talas68Yo
Source - Governmental ActivitiesInterest Income Miscellaneous
0%
Charges forServices
30%
Capital Crrants/
Contributions4o/o
MD&A 6
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
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 Program Revenues - GovernmentalActivities I Revenues
I Expenses
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$ 1,000,000
$-General
GovemmentRecreation Interest on Long-
Term Debt
Business-Type activities
Business-Type activities reported total revenues of $1,480,223, while the cost of all business-type
activities totaled $1,623,477. This results in a decrease of 5143,254.In 2011, expenses of 51,626,596exceeded revenues of $1,460,934, resulting in a decrease of $165,662.
Expenses and Prcgram Revenues -Busines s -Type Activitie s
$ 1,600,000
$ 1,400,000
$ 1,200,000
$ 1,000,000
$800,000
$600,000
$400,000
$200,000
$-
I Revenues
r Expenses
Racket Club Golf Leaming Center
The above graph compares program revenues to expenses for Racket Club and Golf Learning Center
operations.
MD&A 7
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
FINANCIAL ANALYSIS OF THE GOVERNMENT'S FUNDS
As noted earlier, the Crystal Lake Park District uses fund accounting to ensure and demonstratecompliance with finance-related legal requirements.
Governmental Funds
The focus of the District's governmental funds is to provide information on near-term inflows, outflows,and balances of spendable resources. In particular, unÍeserved fund balance may serve as a usefulmeasure of a government's net resources available for spending at the end of the fiscal year.
The District's governmental funds reported combining ending fund balances of 56,778,184, which is$76,520, or 1.1 percent, higher than last year's total of $6,70I,664. Of the $6,778,184 total, $4,805,543,or approximately 70.9 percent, of the fund balance constitutes unrestricted fund balance.
The General Fund reported a positive change in fund balance for the year of $279,531, an increase of15.1 percent. This was primarily due to an increase in the General Fund property tax levy after a th¡ee-year plan to decrease the Corporate Fund tax levy in order to boost the Recreation Fund levy. The Fundwas budgeted to use $192,730 of beginning Fund Balance. Although revenues came in approximately$35,000 under budget; expenditures \ryere under budget in excess of $500,000. These variances arefurther outlined on the General Fund Schedule of Revenues, Expenditures and Changes in FundBalance.
The General Fund is the chief operating fund of the Park District. At April 30, 2012, unassigned fundbalance in the General Fund was 52,128,399, which represents 99.6 percent of the total fund balance ofthe General Fund. As a measure of the General Fund's liquidity, it may be useful to compare unreservedfund balance to total fund expenditures. Unassigned fund balance in the General Fund representsapproximately 66.3 percent of total General Fund expenditures.
The Recreation Fund is used to account for the operations of the recreation programs. Revenues arederived from specific annual property tax levy and fees charged for the programs. The Recreation Fundreported an increase in fund balance of $230,156. Total revenues were $3,847,252, a decrease of5331,142 over the previous year. Property taxes decreased $234,753 or 12.8o/o; program revenuesdecreased by 578,797 or approximately 3.4%o.
On the expenditure side, program expenditures were up $36,984 at 1.8% and administrativeexpenditures were down 827,864 at 1.8%. The increase in fund balance is due primarily toprogramming net income.
The Special Recreation Fund is used to account for the funds levied to provide special recreationprograms for physically and mentally challenged individuals. The fund balance at fiscal year-endshowed an increase in of $35,3 66, or 2.7%.
MD&A 8
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
FINANCIAL ANALYSIS OF THE GOVERNMENT'S FUNDS - Continued
Governmental Funds - Continued
The Capital Projects Fund decreased by 5350,624. This fund is used to track projects funded primarilyby debt proceeds issued for the purpose of completing major projects and/or capital improvements.
The Nonmajor Governmental Funds had a decrease of $118,225 in fund balance. The Illinois MunicipalRetirement Fund, Liability Fund, Audit Fund and Museum Fund are considered to be nonmajorgovernmental funds.
Proprietary Funds
The District's proprietary funds provide the same type of information found in the government-widefinancial statements, but in more detail.
The Park District reports the Racket Club Fund and Golf Learning Center as major proprietary funds.The Racket Club Fund accounts for all of the operations and maintenance of the Park District's tennisfacility. This is a membership club funded by dues and user fees. The Racket Club showed a decrease innet assets in the amount of $131,456 or 5,2Yo, primarily a result of an operating loss of $120,654.
The Golf Learning Center is a seasonal driving range and mini-golf facility open from approximatelyApril through September. The Golf Learning Center is funded by user fees and reports an $11,798decrease in net assets.
GENERAL FUND BUDGETARY HIGHLIGHTS
The District passed a resolution approving the transfer between budgeted items atotal of 574,025 in theGeneral Fund during the year. The total budget amount did not change. General Fund actual revenuesfor the year totaled $3,489,882 compared to budgeted revenues of $3,525,365.
Actual charges for services of $560,038 were 514I,727 under budget. The District was able to monitorexpenditures in light of charges for services being below budget, resulting in an increase for the Fund incomparison to the original planned spend down and budgeted deficit of $192,730.
The General Fund actual expenditures for the year were $507,744 lowe.r than budgeted ($3,210,351actual compared to $3,718,095 budgeted).
MD&A 9
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Managementts Discussion and AnalysisApril30,2012
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
The District's investment in capital assets for its governmental and business type activities as of April30,2012 was $32,065,572 (net of accumulated depreciation). This investment in capital assets includesland, construction in progress, land improvements, buildings, machinery and equipment, and licensedvehicles.
Capital Assets - Net ofDepreciationGovemmental
ActivitiesBusiness-type
Activities Total2012 20tt 20t2 2011 2012 2011
LandConstruction in Progress
Land Improvements
Buildings
Machinery and EquipmentLicensed Vehicles
$ 15,901,750
170,910
4,520,749
7,060,513897,441
209,973
15,901,750
8 lg,g504,279,922
6,708,1 15
976,408212,639
226,571
9,171
436,379
2,542,691
91,435
226,571
3,987
479,435
2,444,019
83,363
16,128,321
17g,0g1
4,957,127
9,603,194
988,876
209,973
16,129,321
823,937
4,759,357
9,152,134
1,059,771
212,639
Total 28,760,336 28,897,684 3,305,236 3,237,375 32.065.572 32,135,059
This year's major additions included:
201I Ford Dump TruckRacket Club Tennis Court ResurfacingWest Beach Pre-Construction ServicesV.A. Splash Pad, Shelter, Playground CompletionLippold Electric Upgrade
V.A. Restroom Building Completion
$ 44,569
160,409
135,709
372,422
19,7gg
76,702
809,609
Additional information on the District's capital assets can be found in note 3 on pages 27 - 28 of thisreport.
MD&A 10
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
CAPITAL ASSETS AND DEBT ADMINISTRATION - Continued
Debt Administration
At year-end, the District had total outstanding debt of 57,969,315 as compared to $8,698,020 theprevious year, adecrease of 8.4 percent. The following is a comparative statement of outstanding debt:
Long-Term Debt Outstanding
GovernmentalActivities
Business-type
Activities Total
2012 20tl 2012 20tt 2012 20tt
General Obligation Bonds
Debt Certificates 575,000
Total 7,394,315 8,208,020 575,000 490,000 7,969,315 8,698,020
Standard and Poor's Rating Services recently affrrmed its 'AA' long-term rating on the District'spreviously issued bonds. Its 'AA-' long-term rating and underlying rating (SPUR) on the District's debtcertificates is due to the certificates' limited security.
State statutes limit the amount of aggregate indebtedness Park Districts may issue to 2.87 5 percent of itstotal assessed valuation. The current debt limit for the District is $45,832,064. The non-referendum legaldebt limit (0.575% of assessed value) is $9,166,413.
Additional information on the District's long-term debt can be found in Note 3 on pages 29 - 34 of thisreport.
ECONOMIC FACTORS AND NEXT YEAR'S BUDGET AND RATES
The District's elected and appointed officials considered many factors when setting the fiscal-year20l2ll3 budget, tax rates, and fees that will be charged for its governmental and business-type activities.One of those factors is the economy. Unemployment rates for April 30,2012 for McHenry County was8.6 percent and the state and national unemployment rates were 8.6 and7.7 percent, respectively.
These indicators were taken into account when adopting the General Fund budget for 2012113. Amountsavailable for appropriation in the General Fund budget are $3.8 million, an increase of 2.6 percent fromthe f,rnal 2011 budget of $3.7 million. The District anticipates an increase in tax revenues, budgeting$6.66 million for 20l2ll3 as compared to the final 201 lll2budget of $6.43 million, an increase of overthree percent. The District has added no major new programs or initiatives in the 2013 budget. Plans forthe renovation of the 'West Beach building and seawall are in progress. The building will include amulti-purpose room, washroom facilities for beach and facility users. Construction will be completedin the 20l2l13 fiscal year.
$ 6,059,315
1,335,000
6,788,0201,420,000
- 6,059,375
490,000 1,910,000
6,788,0201,910,000
MD&A II
CRYSTAL LAKE PARI( DISTRICT, ILLINOIS
Management's Discussion and AnalysisApril30,2012
REQUESTS FOR INFORMATION
This financial report is designed to provide a general overview of the Crystal Lake Park District'sfinances for all those with an interest in the government's finances. Questions concerning any of theinformation provided in this report or requests for additional information should be directed to Office ofthe Superintendent of Business Services, Crystal Lake Park District, I E. Crystal Lake Avenue, CrystalLake, IL 60014.
MD&,A12
BASIC FINANCIAL STATEMENTS
The basic financial Statements include integrated sets of financial statements as required by the
Governmental Accounting Standards Board (GASB). The sets of statements include:
a Government-V/ide Financial Statements
. Fund Financial Statements
In addition, the notes to the financial statements are included to provide information that is
essential to a user's understanding of the basic financial statements.
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Statement of Net Assets
April30,2012
See Following Page
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Statement of Net Assets
April30,2012
GovernmentalActivities
Business-Type
Activities Total
ASSETS
Current Assets
Cash and Investments
Receivables - Net of Allowances
Inventories
Prepaids
Total Current Assets
Noncurrent Assets
Capital Assets
Nondepreciable
Depreciable
Accumulated Depreciation
Total Noncurrent Assets
Total Assets
$ 7,259,546
6,536,262
242,566 7,502,112
27,256 6,563,518
28,787 28,781
5.160 61,30556,145
13,851,953 303,763 14,155,716
16,072,660
23,374,982
234,742 16,307,402
4,972,454 28,347,436
(10,687,3 06) (1,901,960) 12,5( 89.266\
28,760,336 JtJ 05,236 32,065,572
42,612,289 3,608,999 46,221,288
The notes to the financial statements are an integral part of this statement.
3
GovernmentalActivities
Business-Type
Activities Total
LIABILITIES
Current LiabilitiesAccounts Payable
Accrued Payroll
Accrued Interest Payable
Unearned/Deferred Revenues
Compensated Absences Payable
Current Portion Long-Term Debt
Total Current Liabilities
Noncurrent LiabilitiesCompensated Absences Payable
Other Postemployment Benefit Payable
General Obligation Bonds Payable
Debt Certificates Payable
Total Noncurrent LiabilitiesTotal Liabilities
NET ASSETS
Invested in Capital Assets - Net of Related Debt
Restricted - Special Levies
Special Recreation
IMRFLiability Insurance
AuditMuseum
Unrestricted
Total Net Assets
$ 194,069
83,671
60,353
6,796,029
33,745
r,494,315
24,248
21,283
6,167
4,414
8,525
136,000
218,317
104,954
66,520
6,800,443
42,2701,620,315
8,652,182 200,637 8,852,819
134,982
29,607
4,665,000
1,245,000
34,103
439,000
169,085
29,607
4,665,000
1,684,000
6,074,589 473,103 6,547,692
14,726,771 673,740 15,400,51 I
22,143,112 2,730,236 24,873,348
1,332,048
276,755
127,846
5,7 5l194,818
3,865,188 205,023
1,332,048
216,755
127,846
5,751
194,818
4,070,211
27,885,518 2,935,259 30,820,777
The notes to the financial statements are an integral part of this statement.
4
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Statement of ActivitiesYear Ended April 30, 2012
Progtam Revenues
Expenses
Charges
Services
CapitalGrants/
Contributions
for
Governmental ActivitiesGeneral Government
Recreation
Interest on Long-Term Debt
Total Governmental Activities
Business-Type ActivitiesRacket Club
Golf Learning Center
Total Business-Type Activities
$ 4,891,083
3,532,614244,581
560,039
2,269,55130,307
19,231
9,668,278 2,828,589 49,538
1,490,079
133,399
1,356,480
l2l,60l1,623,477 1,478,081
Total Primary Government , 10,291,755 4,306,670
General Revenues
Taxes
Property Taxes
Replacement Taxes
Interest Income
Miscellaneous
Change in Net Assets
Net Assets - Beginning
Net Assets - Ending
The notes to the financial statements are an integralpart of this statement.
5
49,538
Net Expense/Revenue
Governmental
ActivitiesBusiness-Type
Activities Total
(4,300,739)
(1,244,932)
(244,58r)
(4,300,738)
(1,244,832)
(244,58t)(5,790,151) (5,790,151)
(133,598)( I I,798)
(133,598)
(11,798)
t4s.396) (r4s,396)(
(5,790,15 1) (t45,396) (5,935,547)
2,142
6,468,368
65,456
27,594
13,860
2,142 6,575,278
(t43,254) 639,731
3,07 8,513 30,191,046
9 30.820.777
The notes to the financial statements are an integral part of this statement.
6
6,469¡6965,456
25,452
13,860
6,573,136
782,985
27,102,533
27.885.518
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Balance Sheet - Governmental FundsApril30,2012
Cash and lnvestments
Receivables - Net of AllowancesTaxes
Other
Prepaids
Total Assets
ASSETS
LIABILITIES ANDFUND BALANCES
General Recreation
$ 2,260,090 l,7gg,l37
2,978,538 1,414,309
7,9r7 17,814
s246,s3s 3231259
LiabilitiesAccounts Payable
Accrued Payroll
Unearned/Defened Revenues
Total Liabilities
Fund Balances
Nonspendable
Restricted
CommittedAssigned
Unassigned
Total Fund Balances
61,274
25,325
3,023,620
69,201
50,588
1,629,019
Total Liabilities and Fund Balances
3,110,219 1,748,809
7,917 17,814
1,464,637
2,t28,3992,1 36,316 1,492,451
5246,535 3,231259
The notes to the financial statements are an integral part of this statement.7
Special
Recreation
DebtService
CapitalNonmajor
GovernmentalFunds
Total
Governmental
Fundsects
1,239,7871,333,196
446,639
39,278
964,650
588,078
73r,485642
30,414
7,259,546
6,535,620
642
56,145
1,779,825 1,003,928 1,239,787 1,350,619 13,851,953
1,139
446,638 964,650
27,280 36,314
6,619
732,102
t94,069
83,671
6,796,029
447,777 964,650 27,280 775,035 7,073,769
1,332,048 39,278
30,414
545,170
56,145
r,916,496
1,464,637
1,212,507
2,128,399
1,212,507
1,332,048 39,278 1,2 t2,507 575,584 6.778.184
1,003,928 1,239,787 1,350,6191,779.825 13,851,953
The notes to the financial statements are an integral part of this statement.
8
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Reconciliation of Total Governmental tr'und Balance tothe Statement of Net Assets - Governmental Activities
April30,2012
Total Governmental Fund Balances
Amounts Reported for Governmental Activities in the Statement of Net Assets
are Different Because:
Capital Assets used in Governmental Activities are not Financial
Resources and therefore, are not Reported in the Funds.
Long-Term Liabilities are not Due and Payable in the CurrentPeriod and therefore are not Reported in the Funds.
Compensated Absences Payable
Net Other Postemployment Benefit Obligation Payable
General Obligation Bonds Payable
Debt Certificates Payable
Accrued Interest Payable
Net Assets of Governmental Activities
$ 6,778,184
28,760,336
(t68,727)(29,607)
(6,059,315)
(1,335,000)
53)
27,885,518
The notes to the financial statement are an integral part of this statement.
9
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental FundsYear Ended April 30, 2012
See Following Page
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Year Ended April 30, 2012
General Recreation
Revenues
Taxes
Charges for Services
Intergovernmental
Grants and Donations
lnterest
Miscellaneous
Total Revenues
Expenditures
Current
General Government
Recreation
Capital Outlay
Debt Service
Principal Retirement
lnterest and Fiscal Charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses)
Debt Issuance
Transfers InTransfe¡s Out
Net Change in Fund Balances
Fund Balances - Beginning
Fund Balances - Ending
$ 2,889,558
560,038
30,307
8,221
7s8
r,597,2402,235,258
6,397
8 57
3,4gg,gg2 3,847,2s2
2,632,028 1,555,480
2,054,352
7,26424,328
390,000
163,995
3,2r0,351 3,617,096
279,531 230,156
279,53I 230,156
1,856,785 t,252,295
2,136316 1,482451
The notes to the financial statements are an integral part of this statement'
10
Special
Recreation
Debt
Service
CapitalProiects
NonmajorGovernmental
Funds
Total
Governmental
Funds
449,235
4,2804
955,915 641,876
33,293
7,981
2,030
2,695
6,533,824
2,828,589
11,250
38,288
25,452
13 860
1,
11,250
3,464
000
060
56
453,519 957,031 15,714 687,865 9.451.263
418,153
592,173
213,9r7
4,779,681
2,696,422
817,630
1,409,020
277,305
786,038
1,018,020
113,310
418,153 1,131,330 786,038 906,090 9,969,0s8
35,366 (174,299) (770,3 24) (118,225) (517,795)
594,315 594,315
419,700(419,700)
419,700
(419,700)
t74,615 419,700 594,315
35,366 3t6 (350,624) (t18,225) 76,520
6,701,6641,296,682 38,962 1,563 ,13 I 693,809
I 9 8 575 84
The notes to the financial statements are an integral part of this statement.
1l
048 778 184
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Reconciliation of the Statement of Revenues, Expenditures and Changes in tr'und Balancesto the Statement of Activities - Governmental Activities
Year Ended April 30, 2012
Net Change in Fund Balances - Total Governmental Funds
Amounts Reported for Governmental Activities in the Statement of Activitiesare Different Because:
Governmental Funds Report Capital Outlays as Expenditures. However, in theStatement of Activities the Cost of those Assets is Allocated over their Estimated
Useful Lives and Reported as Depreciation Expense.
Capital Outlays
Depreciation Expense
The Net Effect of Various Miscellaneous Transactions Involving Capital Assets
is to Decrease Net Assets.
Disposals - Cost
Disposals - Accumulated Depreciation
The Issuance of Long-Term Debt Provides Current Financial Resources toGovernmental Funds, While the Repayment of the Principal on Long-Term
Debt Consumes the Current Financial Resources of the Governmental Funds
Issuance of Debt
Retirement of Debt
Retirement of Compensated Absences Payable
Additions to Net Other Postemployment Benefrt Obligation Payable
Changes to Accrued lnterest on Long-Term Debt in the Statement of Activitiesdoes not Require the use ofCurrent Financial Resources and, therefore, are notReported as Expenditures in the Governmental Funds.
Changes in Net Assets of Governmental Activities
The notes to the financial statements are an integral part of this statement.
l2
S 76,520
740,230
(877,578)
(42,414)
42,414
(594,315)
1,408,020
2,752
(5,368)
32,724
792,995
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Statement of Net Assets - Proprietary FundApril30, 2012
Business - Type ActivitiesRacket
ClubGolf Learning
Center TotalASSETS
Current Assets
Cash
Accounts Receivables - Net of AllowancesDue from Other Funds
Inventories
Prepaids
Total Current Assets
Noncurrent Assets
Capital Assets
Nondepreciable
Depreciable
Accumulated Depreciation
Total Noncurrent Assets
Total Assets
LIABILITIESCurrent Liabilities
Accounts Payable
Accrued Payroll
Accrued Interest
Due to Other Funds
Unearned/Deferred Revenues
Compensated Absences
Current Portion of Long-Term Debt
Total Current Liabilities
Noncurrent LiabilitìesCompensated Absences
Debt Certificates Payable
Total Noncunent LiabilitiesTotal Liabilities
NET ASSETS
Invested in Capital Assets - Net of Related Debt
Unrestricted
Total Net Assets
2,61 8,962 686,274 3,305,2363,013,796 688,962 3,702,759
$ 242,566
27,256
93,759
26,333
4,9202,448
240
242,56627,256
93,759
2g,7gl5,160
394,834 2,688 397,522
208,171
3,874,9L9(r,464,128\
26,571
1,097,535
234,742
4,972,454(1,901,960)(437 ,832)
20,400
19,803
6,167
8,276
66,000
3,949
1,480
24,248
21,283
6,167
93,759
4,414
8,525
136,000
93,759
4,414
249
70,000
120,646 173,750 294,396
33,106
439,000
997 34,103
439,000
472,106 997 473,103592,752 174,747 767,499
6t6,274(l 02,059)
2,421,044 5t4,2t5 2,935,259
The notes to the financial statements are an integral part of this statement.
13
2,113,962
307,0922,730,236
205,023
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Statement of Revenues, Expenses and Changes in Net Assets - Proprietary tr'undYear Ended April 30, 2012
Business ActivitiesRacket
ClubGolf Learning
Center Total
Operating Revenues
Charges for Services
Operations
Merchandise
Programs
Total Operating Revenues
Operating Expenses
Programs
Operations
Depreciation
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses)
lnterest Income
lnterest Expense
Change in Net Assets
Net Assets - Beginning
Net Assets - Ending
$ 1,194,754
137,413
24,313
I 16,184
5,417
1,310,938
142,930
24,313
1,356,480 l2l,601 1,479,091
13,051
1,369,021
96,06290,102
38,669
13,051
1,459,r23134,731
1,477.r34 128,771 1,605,905
(120,654) (7,t70) (127,824)
2,142(12,944) (4,628)
2,142(17,572)
(10,802) (4,628) (15,430)
(131,456) (11,798) (143,254)
2,552,500 526,013 3,078,513
2,42t,044 514,2t5 2,935,259
The notes to the financial statements are an integral part of this statement.l4
CRYSTAL LAKE PARr( DTSTRTCT, ILLTNOTS
Statement of Cash Flows - Proprietary FundYear Ended April 30, 2012
Business ActivitiesRacket
ClubGolf Learning
Center Total
Cash Flows from Operating ActivitiesReceipts from Customers and Users
Payments to Suppliers
Payments to Employees
Cash Flows from Noncapital Financing ActivitiesInterfund Activity
Cash Flows from Capital and Related Financing ActivitiesPrincipal Payments
Issuance of Capital Debt
Interest Payments
Purchase of Capital Assets
Cash Flows from Investing ActivitiesInterest Received
Net Change in Cash and Cash Equivalents
Cash and Cash Equivalents - Beginning
Cash and Cash Equivalents - Ending
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:Operating Income (Loss)
Adjustments to Reconcile Operating Income to
Net Income to Net Cash Provided by(Used in) Operating Activities:
Depreciation Expense
(Increase) Decrease in Current Assets
Increase (Decrease) in Current Liabilities
(66,600) 34,877 (3t,723)
41,381 41,381
$ 1,311,285
(567,755)(8 1 0,1 30)
121,738
(39,625)(47,236)
1,433,023(607,380)
(857,366)
(355,000)
505,000
(t2,944)(195,962)
(65,000)
(4,628)(6,630)
(420,000)
505,000
(17,572)
(202,592)(58,906) (76,258) (135,164)
2,142 2,142
(123,364) (123,364)
365,930 365,930
242,566 242,566
(120,654) (7,170) (t27,824)
96,062(45,195)
3,187
38,669
t373,241
134,731
(45,058)
6,428
Net Cash Provided by Operating Activities (66,600) 34,877 (3t,723\
The notes to the financial statements are an integral part of this statement.
15
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 1 _ SUMMARY OF'SIGNIFICANT ACCOUNTING POLICIES
The Crystal Lake Park District (the District) of Illinois was established in l92L The purpose of theDistrict is to provide recreational facilities, activities and programs to the members of the District.
The government-wide financial statements are prepared in accordance with generally acceptedaccounting principles (GAAP). The Governmental Accounting Standards Board (GASB) is responsiblefor establishing GAAP for state and local governments through its pronouncements (Statements andInterpretations). Governments are also required to follow the pronouncements of the FinancialAccounting Standards Board (FASB) issued through November 30, 1989 (when applicable) that do notconflict with or contradict GASB Pronouncements. Although the District has the option to apply FASBpronouncements issued after that date to its business-type activities and enterprise funds, the District has
chosen not to do so. The more significant of the District's accounting policies established in GAAP andused by the District are described below.
REPORTING ENTITY
In determining the financial reporting entity, the District complies with the provisions of GASBStatement No. 39, "Determining Whether Certain Organizations are Component Units - an Amendmentof GASB Statement No. 14," and includes all component units that have a significant operational orfinancial relationship with the District. Based upon the criteria set forth in the GASB Statement No. 39,there are no component units included in the reporting entity.
BASIS OF PRESENTATION
Government-Wide Statements
The District's basic financial statements include both government-wide (reporting the District as awhole) and fund financial statements (reporting the District's major funds). Both the goverTìment-wideand fund financial statements categorize primary activities as either governmental or business type. TheDistrict's preservation of open space, recreational program activities, development and maintenance ofthe District's various parks and facilities, and general administration are all classihed as governmentalactivities. The District's pre-school/daycare services are classified as business-type activities.
In the government-wide Statement of Net Assets, both the governmental and business-type activitiescolumns are (a) presented on a consolidated basis by column, and (b) reported on a full accrual,economic resource basis, which recognizes all long-term assets and receivables as well as long-termdebt and obligations. The District's net assets are reported in three parts: invested in capital assets, net ofrelated debt; restricted net assets; and unrestricted net assets. The District first utilizes restrictedtesources to finance quali$ing activities.
l6
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
BASIS OF PRESENTATION - Continued
Government-Wide Statements - Continued
The government-wide Statement of Activities reports both the gross and net cost of each of the District'sfunctions and business-type activities (general government, culture and recreation, etc.). The functionsare supported by general government revenues (property and personal property replacement taxes,certain intergovernmental revenues, interest income, etc.). The Statement of Activities reduces grossexpenses (including depreciation) by related program revenues, which include 1) charges to customersor applicants who purchase, use or directly benefit from goods, services or privileges provided by agiven function or segment and 2) grants and contributions that are restricted to meeting the operationalor capital requirements of a particular function or segment.
The net costs (by function) are normally covered by general revenue (property and personal propertyreplacement taxes, certain intergovemmental revenues, interest income, etc.).
The District does not allocate indirect costs. An administrative service fee is charged by the GeneralFund to the other operating funds that is eliminated like a reimbursement (reducing the revenue andexpense in the General Fund) to recover the direct costs of General Fund services provided (finance,personnel, purchasing, legal, technology management, etc.).
This government-wide focus is more on the sustainability of the District as an entity and the change inthe District's net assets resulting from the current year's activities.
Fund Financial Statements
The financial transactions of the District are reported in individual funds in the fund financialstatements. Each fund is accounted for by providing a sepffate set of self-balancing accounts thatcomprise its assets, liabilities, reserves, fund equity, revenues and expenditures/expenses. Funds areorganízed into two major categories: governmental and proprietary. An emphasis is placed on majorfunds within the governmental category. A fund is considered major if it is the primary operating fund ofthe District or meets the following criteria:
Total assets, liabilities, revenues, or expenditures/expenses of thatindividual governmental fund are at least 10 percent of the correspondingtotal for all funds ofthat category or type; and
t7
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the X'inancial StatementsApril30,2012
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
BASIS OF PRESENTATION - Continued
Fund Financial Statements - Continued
Total assets, liabilities, revenues, or expenditures/expenses of the individualgovernmental fund arc at least 5 percent of the corresponding total for allgovernmental funds combined.
The various funds are reported by generic classification within the f,rnancial statements. The followingfund types are used by the District:
Governmental Funds
The focus of the govemmental funds' measurement (in the fund statements) is upon determination offinancial position and changes in financial position (sources, uses, and balances of financial resources)rather than upon net income. The following is a description of the govemmental funds of the District:
General fund is the general operating fund of the District. It accounts for all revenues and expendituresof the District which are not accounted for in other funds. The General Fund is a major fund.
Special revenue funds are used to account for the proceeds of specific revenue sources (other thanfiduciary funds or capital project funds) that are legally restricted to expenditures for specihed purposes.The District maintains six special revenue funds. The Recreation Fund, a major fund, accounts for theoperations of the recreation programs. Financing is provided primarily from an annual restricted propertytax levy, and from fees charged for programs and activities that are formally committed by the Board tofund future recreation programs. The Special Recreation Fund, also a major fund, accounts for revenuesderived from a specific annual restricted property tax levy and expenditures of these monies to theNorthern Illinois Special Recreation Association to provide special recreation programs for physicallyand mentally challenged residents, as well as ADA improvements throughout the District.
Debt service funds are used to account for the accumulation of resources, and the payment of, generallong-term debt principal and interest. The Debt Service Fund is treated as a major fund.
Capital projects funds are used to account for all resources used for the acquisition of capital assetsexcept those financed by Proprietary Funds, The Capital Projects Fund is treated as a major fund.
Proprietary Funds
The focus of proprietary fund measurement is upon determination of operating income, changes in netassets, financial position, and cash flows, The generally accepted accounting principles applicable arethose similar to businesses in the private sector. The following is a description of the proprietary fundsof the District:
18
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
BASIS OF PRESENTATION - Continued
Fund Financial Statements - 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, be
recovered with fees and charges or (c) establishes fees and charges based on a pricing policy designed torecover similarcosts. The Racket Club Fund, amajorfund, is usedto account forthe operations of the
Racket Club, which is an established proprietary fund. The club offers tennis lessons and membershipswhich provide revenues to operate the Racket Club. The Golf Learning Center Fund, also a major fund,is used to account for the Golf Learning Center, which is an established proprietary fund. The centeroffers a driving range and mini golf course. These user charges provide revenues to operate the GolfLeaming Center.
MEASUREMENT FOCUS AND BASIS OF ACCOUNTING
Measurement focus is a term used to describe "which" transactions are recorded within the variousfinancial statements. Basis of accounting refers to "when" transactions are recorded regardless of themeasurement focus applied.
Measurement Focus
On the government-wide Statement of Net Assets and the Statement of Activities, both governmentaland business-type activities are presented using the economic resources measurement focus as definedbelow. In the fund financial statements, the "current financial resources" measurement focus or the"economic resources" measurement focus is used as appropriate.
All govemmental funds utilize a "current financial resources" measurement focus. Only currentfinancial assets and liabilities are generally included on their balance sheets. Their operating statementspresent sources and uses of available spendable financial resources during a given period. These fundsuse fund balance as their measure of available spendable financial resources at the end of the period.
All proprietary funds utilize an "economic resources" measurement focus. The accounting objectives ofthis measurement focus are the determination of operating income, changes in net assets (or costrecovery), financial position, and cash flows. All assets and liabilities (whether current or noncurrent)associated with their activities are reported. Proprietary fund equity is classified as net assets.
T9
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES _ ContinuEd
MEASUREMENT FOCUS AND BASIS OF ACCOUNTING - Continued
Basis of Accounting
In the govenìment-wide Statement of Net Assets and Statement of Activities, both governmental and
business-type activities are presented using the accrual basis of accounting. Under the accrual basis ofaccounting, revenues are recognized when earned and expenses are recorded when the liability is
incurred or economic asset used. Revenues, expenses, gains, losses, assets, and liabilities resulting fromexchange and exchange-like transactions are recognized when the exchange takes place.
In the fund financial statements, governmental funds are presented on the modified accrual basis ofaccounting. Under this modified accrual basis of accounting, revenues are recognized when "measurableand available." Measurable means knowing or being able to reasonably estimate the amount. Availablemeans collectible within the current period or within sixty days after year end. The District recognizes
property taxes when they become both measurable and available in accordance with GASB CodificationSection P70. A sixty-day availability period is used for revenue recognition for all other governmental
fund revenues. Expenditures (including capital outlay) are recorded when the related fund liability isincurred, except for general obligation bond principal and interest which are recognized when due.
In applying the susceptible to accrual concept under the modified accrual basis, those revenues
susceptible to accrual are property taxes, interest revenue, and charges for services. All other revenues
are not susceptible to accrual because generally they are not measurable until received in cash.
All proprietary funds utilize the accrual basis of accounting. Under the accrual basis of accounting,revenues are recognized when eamed and expenses are recorded when the liability is incurred oreconomic asset used.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operatingrevenues and expenses generally result from providing services and producing and delivering goods inconnection with a proprietary fund's principal ongoing operations. The principal operating revenues ofthe District's enterprise fund are charges to customers for sales and services. Operating expenses forenterprise funds include the cost of sales and services, administrative expenses, and depreciation oncapital assets. All revenues and expenses not meeting this definition are reported as nonoperatingrevenues and expenses.
20
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY
Cash and Investments
For purpose of the Statement of Net Assets, the District's cash and cash equivalents are considered to be
cash on hand, demand deposits, and cash with f,rscal agent.
Investments are reported at fair value. Short-term investments are reported at cost, which approximates fairvalue. Securities traded on national exchanges are valued at the last reported sales price. Investments thatdo not have any established market, if any, are reported at estimated fair value.
Interfund Receivables, Payables and Activity
Interfund activity is reported as loans, services provided, reimbursements or transfers. Loans are
reported as interfund receivables and payables as appropriate and are subject to elimination uponconsolidation. Services provided, deemed to be at market or near market rates, are treated as revenuesand expenditures/expenses. Reimbursements are when one fund incurs a cost, charges the appropriatebenefiting fund and reduces its related cost as a reimbursement. All other interfund transactions are
treated as transfers.
Prepaidsllnventories
Prepaids/inventories are valued at cost, which approximates market, using the first-in/first-out (FIFO)method. The costs of governmental fund-type prepaids/inventories are recorded as expenditures whenconsumed rather than when purchased. Certain payments to vendors reflect costs applicable to futureaccounting periods and are recorded as prepaids in both the government-wide and fund financialstatements.
Capital Assets
Capital assets purchased or acquired with an original cost of $1,000 or more are reported at historicalcost or estimated historical cost. Contributed assets are reported at fair market value as of the date
received. Additions, improvements and other capital outlays that significantly extend the useful life ofan asset are capitalized. Other costs incurred for repairs and maintenance are expenses as incurred.
2T
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY - Continued
Capital Assets - Continued
The accounting and financial reporting treatment applied to a fund is determined by its measurement
focus. General capital assets are long-lived assets of the District as a whole. When purchased, such
assets are recorded as expenditures in the governmental funds and capitalized. The valuation basis forgeneral capital assets are historical cost, or where historical cost is not available, estimated historical
cost based on replacement costs.
Depreciation on all assets is computed and recorded using the straight-line method of depreciation over
the following estimated useful lives:
Land Improvements
Buildings
5 - 20 Years
20 - 40 Years
Machinery and Equipment 5 - 20 Years
Licensed Vehicles 8 Years
Compensated Absences
The District accrues accumulated unpaid vacation and associated employee-related costs when earned
(or estimated to be earned) by the employee. In accordance with GASB Statement No. 16, no liability isrecorded for nonvesting accumulation rights to receive sick pay benefrts. However, a liability isrecognized for that portion of accumulated sick leave that is estimated to be taken as "terminal leave"
prior to retirement.
All vacation pay is accrued when incurred in the government-wide and proprietary fund financial
statements. A liability for these amounts is reported in the governmental funds only if they have
mafured, for example, as a result of employee resignations and retirements.
UnearnedlDeferred Revenues
Govemmental funds report unearned revenue in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period. Governmental funds also defer
revenue recognition in connection with resources that have been received, but not yet earned.
22
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY - Continued
Long-Term Obligations
In the government-wide financial statements, long-term debt and other long-term obligations are
reported as liabilities in the goverrìmental activities statement of net assets. Bond premiums anddiscounts, as well as issuance costs, are deferred and amortized over the life of the bonds using theeffective interest method. Bonds payable are reported net of the applicable bond premium or discount.Bond issuance costs are reported as deferred charges and amortized over the term of the related debt.
In the fund hnancial statements, govemmental fund types recognize bond premiums and discounts, as
well as bond issuance costs, during the current period. The face amount of debt issued is reported as
other financing sources. Premiums received on debt issuances are reported as other financing sourceswhile discounts on debt issuances are reported as other financing uses. Issuance costs, whether or notwithheld from the actual debt proceeds received, are reported as debt service expenditures.
Fund Equify
In the government-wide financial statements, equity is classified as net assets and displayed in threecomponents:
Invested in capital assets, net of related debt-Consists of capital assets, includingrestricted capital assets, net of accumulated depreciation, and reduced by theoutstanding balances of any bonds, mortgages, notes or other borrowings that are
attributable to the acquisition, construction, or improvement of those assets.
Restricted net assets-Consists of net assets with constraints placed on the use
either by (1) external groups such as creditors, grantors, contributors, or laws orregulations of other governments; or (2) law through constitutional provisions orenabling legislations.
Unrestricted net assets-All other net assets that do not meet the definition of"restricted" or "invested in capital assets, net ofrelated debt".
¿-t
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 2 _ STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
BUDGETARY INFORMATION
The Combined Budget and Appropriation Ordinance are prepared in tentative form by the Executive
Director and are mude available by the Board of Park Commissioners for public inspection 30 days prior
to final Board action. A public hearing is held on the tentative budget to obtain taxpayer comments.
prior to August I the appropriations are legally enacted through the passage of a combined budget and
appropriation ordinance. All actual expenditures/expenses contained herein have been compared to the
annual operating budget.
The Board of Park Commissioners may:
. Amend the Budget and Appropriation Ordinance in the same manner as itsoriginal enactment'
Transfer between items of any fund not exceeding in the aggregate 10% of the
total amount appropriated in such fund.
After six months of the fiscal year, by two-thirds vote, transfer any appropriation
item that it anticipates will be unexpended, to any other appropriation item.
The Executive Director is authorizedto transfer budgeted amounts between line items within any fund;
however, any revisions that alter the total expenditures of any fund must be approved by the Board ofpark Commissioners. Expenditures may not legally exceed budgeted appropriations at the fund level.
There were several supplemental appropriations during the year.
NOTE 3 _ DETAIL NOTES ON ALL FUNDS
DEPOSITS AND INVESTMENTS
The District maintains a cash and investment pool that is available for use by all funds. Each fund type's
portion of this pool is displayed on the combined balance sheet as "cash and investments". In addition,
investments are separately held by several of the District's funds.
permitted Deposits and Investments - Statutes authorize the District to make deposits/invest in
commercial banks, savings and loan institutions, obligations of the U.S. Treasury and U.S. Agencies,
obligations of States and their political subdivisions, credit union shares, repurchase agreements,
commercial paper rated within the three highest classifications by at least two standard rating services,
and the Illinois Funds and the Illinois Park District Liquid Asset Fund.
I
24
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
DEPOSITS AND INVESTMENTS - Continued
The Illinois Funds is an investment pool managed by the Illinois Public Treasurer's Office, which allowsgovernments within the State to pool their funds for investment purposes. The Illinois Park DistrictLiquid Asset Fund allows Illinois park districts, forest preserves and joint recreational programs to pooltheir funds for investment purposes. Although not registered with the SEC, the Illinois Funds and the
Illinois Park District Liquid Asset Fund do operate in a manner consistent with Rule 2a7 of the
Investment Company Act of 1940. Investments in both Funds are valued at the share price, the price forwhich the investment could be sold.
Interest Rate Risk, Credit Risk, Concentration Risk, and Custodial Credit Risk
At year-end, the carrying amount of the District's deposits totaled $5,595,028 and the bank balances
totaled $5,644,508. In addition, the District had $998,331 invested in the Illinois Funds and $908,753
invested in the Illinois Park District Liquid Asset Fund both with an average maturity of less than one
year.
Interest Rate Risk. Interest rate risk is the risk that changes in interest rates will adversely affect the
fair value of an investment. It is the policy of the District to invest its funds in a manner which willprovide the highest investment return with the maximum security while meeting the daily cash flowdemands of the District and conforming to all state and local statutes governing the investment of public
funds, using the "prudent person" standard for managing the overall portfolio. The primary objective ofthe policy is safety (preservation of capital and protection of investment principal), liquidity and yield.
Credit Risk. Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill itsobligations. State law limits investments in commercial paper, corporate bonds and mutual funds to the
top two ratings issued by nationally recognized statistical rating organizations. The District limits itsexposure to credit risk by primarily investing in obligations guaranteed by the United States Government
or securities issued by agencies of the United States Government that are explicitly or implicitlyguaranteed by the United States Government. As of April 30, 2012, the District's investment in the
Illinois Funds and the Illinois Park District Liquid Asset Fund was rated AAAm by Standard &, Poor's.
Concentration of Credit Risk. Concentration of credit risk is the risk of loss attributed to the
magnitude of the District's investment in a single issuer. The District's investment policy does not
address concentration of credit risk. At year-end, the District has over 5 percent of the total cash and
investment portfolio (other than U.S. Government guaranteed obligations) invested in the Illinois Funds
and the Illinois Park District Liquid Asset Fund.
Custodial Credit Risk. In the case of deposits, this is the risk that in the event of a bank failure, the
District's deposits may not be retumed to it. The District's investment policy requires pledging ofcollateral of all bank balances in excess of federal depository insurance with the collateral held by a
third party in the District's name.
25
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
DEPOSITS AND INVESTMENTS - Continued
Interest Rate Risþ Credit Risk, Concentration Risk, and Custodial Credit Risk - Continued
For an investment, this is the risk that, in the event of the failure of the counterparty, the District will not
be able to recover the value of its investments or collateral securities that are in the possession of an
outside party.The District's investment policy does not address custodial credit risk for investments.
PROPERTY TAXES
Property taxes for the 201 1 levy attach as an enforceable lien on January I , 2012, on property values
assessed as of the same date. Taxes are levied by June of the subsequent fiscal year (by passage of a Tax
Levy Ordinance). Tax bills are prepared by the County and are payable in two installments on or about
Juné 1, 20I2,and September 1,2012. The County collects such taxes and remits them periodically. The
allowance for uncollectible taxes has been stated at 1o/o of the tax levy, to reflect actual collection
experience.
INTERFUND TRANSFERS
Interfund transfers for the year consisted of the following:
Transfer In Transfer Out Amount
Capital Projects Debt Service $ 419.700
Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to
the fund that statute or budget requires to expend them, (2) move receipts restricted to debt service from
the funds collecting the receipts to the debt service fund as debt service payments become due, and (3)
use unrestricted revenues collected in the general fund to finance various programs accounted for inother funds in accordance with budgetary authorizations.
INTERFUND BALANCES
Interfund balances are advances in anticipation of receipts. The composition of interfund balances as ofthe date of this report is as follows:
Receivable Fund Payable Fund Amount
Golf Learning Center $ 93,759Racket Club
26
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
CAPITAL ASSETS
Governmental Activities
Governmental capital asset activity for the year \ryas as follows:
Beginning
Balances Increases Decreases
EndingBalances
Nondepreciable Capital Assets
Land
Construction in Progress
Depreciable Capital Assets
Land Improvements
Buildings
Machinery and Equipment
Licensed Vehicles
Less Accumulated Depreciation
Land Improvements
Buildings
Machinery and Equipment
Licensed Vehicles
151,774 800,714
16,721,600 151,77 4 800,714 16,072,660
$ 15,901,750
819,850
15,901,750
170,910
7,765,924
11,291,336
2,279,725
697,241
658,246
638,763
45,007
47,154
19,134
23,280
9,424,170
I1,930,099
2,305,598
775,115
22,028,226 1,389,170 42.414 23,374,982
3,487,0024,583,221
1,303,317
478,602
416,419
296,365
123,974
50,820
19,134
23,280
3,903,427
4,969,596
1,409,157
506,142
Total Net Capital Assets
Depreciation expense was charged to governmental activities as follows:
General Govemment
Recreation
$
Total Net Depreciable Capital Assets
9,852,142 877,578 42.414 10.687.306
12,176,084 511,592 12,687,676
28.897,684 663,366 800.714 28.760.336
108,786
768,792
27
877,578
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
CAPITAL ASSETS - Continued
Business-Type Activities
Business-type capital asset activity for the year was as follows:
BeginningBalances Increases Decreases
Ending
Balances
Nondepreciable Capital Assets
Land
Construction in Progress
Depreciable Capital Assets
Land lmprovements
Buildings
Machinery and Equipment
Less Acculnulated Depreciation
Laud hnprovements
Buildings
Mach inery and Equipment
Total Net Capital Assets
$ 226,571
3,987 8,171 3,987
226,571
8,171
230,558 8,171 3,987 234,742
86 1,1 28
3,728,331
184,587
182,003
16,405
86 1,128
3,910,334
200,992
4,774,046 198,408 4,972,454
3 81,693
7,284,312
101,224
43,057
83,341
8,333
424,750
1,367,653
109,557
r,767,229 t34,731 1,901,960
Total Net Depreciable Capital Assets 3.006,817 63,677 3,0 70,494
3.237.375 71 .848 3.987 3.305.236
Depreciation expense was charged to business-type activity as follows:
Racket Club
Golf Learning Center
96,062
38,669
28
$
l3 731
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
LONG-TERM DEBT
General Obligation (Alternate Revenue Source) Bonds
The District issues general obligation bonds to provide funds for the acquisition and construction ofmajor capital facilities. General obligation bonds are direct obligations and pledge the full faith andcredit of the District. General obligation bonds currently outstanding are as follows:
Issue
Beginning
Balances Issuances Retirements
EndingBalances
$1,800,000 General Obligation Limited Bonds
of 19984 - Due in annual installments of$125,000 to $400,000 plus interest at 4.75Yo
to 6.l25Yo through December 30,2012.
$1,500,000 General Obligation (AlternateReverrue Source) Bonds of 20068 - Due inannual installments of $200,000 to $300,000plus interest at 3.60Yo to 3.15% throughDecember 30,2015.
$1,500,000 General Obligation (AlternateRevenue Source) Bonds of 20088 - Due in
annual installments of $105,000 to $300,000plus interest at 3.50%o to 4.25% throughDecember 30,2019.
$1,645,000 General Obligation Limited TaxRefunding Park Bonds of 20094 - Due inannual installments of $35,000 to $380,000plLrs interest at 2.20%o to 3.25% throughDecenrber 30,2016.
$ 475,000
1,250,000
1,500,000
1,565,000
350,000 125,000
200,000 1,050,000
105,000 I,395,000
29
35,000 1,530,000
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
LONG-TERM DEBT - Continued
General Obligation (Alternate Revenue Source) Bonds - Continued
Issue
Beginning
Balances Issuances Retirements
Ending
Balances
$498,020 General Obligation Limited Tax
Park Bonds of 2010 - Due in one installment
of $498,020 on October l,20ll plus interest at
0.95o/o. $ 498,020 498,020
$1,500,000 General Obligation (Altemate
Revenue Source) Bonds of 20104 - Due inannual installments of $135,000 to $170,000
plus interest at 0.80% to 2.80% through
December 15,2020. 1,500,000 135,000 1,365,000
$594,315 General Obligation Limited Tax
Park Bonds of 2011 - Due in one installment
of $594,315 on October 15,2012 plus interest
at2.00%. 594,315 594,315
6,788,020 s94.3ts t.323.020 6.059.3 r5
Debt Certificates
The District enters into debt certificates to provide funds for the acquisition of capital assets, Debtcertificates currently outstanding are as follows:
Issue
BeginningBalances Issuances Retirements
Ending
Balances
$590,000 Debt Certificates of 2003 - Due inannual installments of $50,000 to $70,000 plus
interest at 1.20% to 3.50% through December
30,2012. $ 135,000
30
65,000 70,000
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
LONG-TERM DEBT - Continued
Debt CertifTcates - Continued
Issue
Beginning
Balances Issuances Retirements
EndingBalances
$1,500,000 Debt Certificates of 2004A - Due
in annual installments of $80,000 to $140,000plus interest at 3.375%o to 4.45Yo throughDecenrber 30,2023.
$650,000 Debt Certificates of 2005 - Due rn
annual installments of $55,000 to $75,000 plus
semi-annual interest installments at 3.65%through December 15, 2015.
$505,000 Debt Certificates of 2011 - Due inannual installments of $66,000 to $78,000 plus
interest at l.25Yo to 2.80%o through December
15,2018.
$ 1,420,000 85,000 1,335,000
355,000 355,000
505,000 505,000
1,910,000 505,000 505,000 1,910,000
31
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
LONG-TERM DEBT - Continued
Lon g-Term Liability Activity
Changes in long-term liabilities during the fiscal year were as follows:
Type ofDebtBeginningBalances
Ending
Balances
AmountsDue withinOne YearAdditions Deductions
Governmental ActivitresCompensated Absences
General Obligation Bonds
Debt CertificatesNet Other Post-Employment
Benefits Obligation
Business-Type ActivitiesCompensated Absences
Debt Certificates
$ 171,479
6,788,020
1,420,000
2,752
594,315
5,504
1,323,020
85,000
168,727
6,059,3 15
l,335,ooo
33,745
1,394,315
90,000
24,239 5,368 29,607
8,403,738 602,435 1,413,524 7,592,649 1,518,060
44,250
490,000
r,622505,000
3,244
420,000
42,628575,000
8,525
136,000
,34,250 59þ,622 423,244 617,628 144,525
For governmental activities, compensated absences and the net other post-employment benefitsobligation are generally liquidated by the General Fund and Recreation Fund. Payments on the general
obligation bonds are made by the General Fund and Debt Service Fund. The Debt Service Fund alsomakes payments on the debt certificates and the installment notes. For the business-type activities,compensated absences and debt certificates are liquidated by the Racket Club and Golf Leaming CenterFunds.
32
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril 30,,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
LONG-TERM DEBT - Continued
Debt Service Requirements to Maturity
The annual debt service requirements to maturity, including principal and interest, are as follows:
Governmental ActivitiesFiscalYear
EndingApril30
General
Obligation Bonds
Debt
Certificates
Principal Interest Principal Interest
2013
2014
2015
2016
2017
201 8
2019
20202021
2022
2023
2024
$ 1,394,3 I 5
800,000
880,000
965,000
695,000
330,000
360,000
465,000
170,000
185,233
150,900
126,460
98,965
67,045
44,833
34,140
21,800
4,760
90,000
90,000
95,000
100,000
105,000
105,000
110,000
1 15,000
120,000
130,000
135,000
140,000
53,342
50,23I47,132
43,760
40,060
36,070
31,976
27,520
22,862
17,762
12,238
6,230
Total 6.059.315 734.136 I a-t 35 000 389.190
Business-Type ActivitiesFiscalYear
Ending
April30
Debt
CertificatesPrincipal Interest
2013
20t42015
2016
20t72018
2019
Total
$ 136,000
70,000
71,000
72,00073,000
75,000
78,000
14,783
9,042
8,096
6,960
5,6284,060
2,184
JJ
575,000 50,7 53
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril 30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
LONG-TERM DEBT - Continued
Legal Debt Margin
Chapter 70, Section 120516-2 of the Illinois Compiled Statutes provides "...for the payment of landcondemned or purchased for parks or boulevards, for the building, maintaining, improving and protectionof the same and for the payment of the expenses incident thereto, or for the acquisition of real estate and
lands to be used as a site for an arlnory, any park district is authorized to issue the bonds or notes of such
park district and pledge its property and credit therefore to an amount including existing indebtedness ofsuch district so that the aggregate indebtedness of such district does not exceed 2.875% of the value of the
taxable property therein, to be ascertained by the last assessment for state and county taxes previous to the
issue from time to time of such bonds or notes or, until January 1, 1983, if greater, the sum that isproduced by multiplying the district's 1978 equalized assessed valuation by the debt limitation percentage
in effect on January l, 1979, if a petition, signed by voters in number equal to not less than2o/o of the
voters of the district, who voted at the last general election in the district, asking that the authorizedaggregate indebtedness of the district be increased to not more that .575% of the value of the taxableproperty therein, is presented to the Board and such increase is approved by the voters of the district at areferenclum held on the question."
Assessed Valuation - 2011 s 1,594,158,747
Legal Debt Limit - 2.875% of Assessed Value
Amount of Debt Applicable to Limit
Legal Debt Margin
Non-Referendum Legal Debt Limit0.575% of Assessed Valuation
Arnount of Debt Applicable to Debt Limit
Non-Referendum Legal Debt Margin
45,832,064
4,159,315
41,672;149
9,166,413
2,249,315
6,911,098
34
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
FUND BALANCE RESERVES
Net Assets Classifïcations
Investment in capital assets - net of related debt, was comprised of the following as of April 30,2012:
Governmental ActivitiesCapital Assets - Net of Accumulated Depreciation
Plus Unspent Bond Proceeds
Less Capital Related Debt:
General Obligation Limited Bonds of 19984
General Obligation (Altemate Revenue Source) Bonds of 2006B
General Obligation (Alternate Revenue Source) Bonds of 20088
General Obligation Limited Tax Refunding Park Bonds of 20094General Obligation Limited Tax Park Bonds of 20104General Obligation Limited Tax Park Bonds of 2011
Debt Certificates of 20044
(125,000)
( 1,050,000)
(1,395,000)(1,530,000)(1,365,000)
(594,3 15)
(1,335,000)
(70,000)(505,000)
$ 28,760,336
777,091
(7,394,315)
Investment in Capital Assets - Net of Related Debt 22,143.t12
Business-Type ActivitiesCapital Assets - Net of Accumulated Depreciation 3,305,236
Less Capital Related Debt:
Debt Certificates of 2003
Debt Certificates of 2011 (575,000)
Investment in Capital Assets - Net of Related Debt 2,730,236
Fund Balance Classifications
The District implemented the provisions of GASB Statement No. 54, Fund Balance Reporting andGovernmental Fund Type Definitions for the fiscal year ended April 30, 2012. In the govemmentalfunds financial statements, the District first utilizes restricted resources to finance qualifying activities,then committed, assigned and unassigned fund balance.
Minimum Fund Balance Policy. The Districts policy states that the General Fund shall maintain a
minimum fund balance equal to 35% of annual budgeted expenditures. For all other govemmental funds
35
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued
FUND BALANCE RESERVES - Continued
Fund Balance Classifications - Continued
The following is a schedule of fund balance classifications for the governmental funds as of the date ofthis report:
General
Special
Recreation Recreation
Capital
Projects Nonmaior
Debt
Service Total
Fund Balances
Nonspendable - Prepaids
Restricted
Special Recreation
IMRFLiability Insurance
AuditMuseum
Debt Service
$ 7,917 t7,814 30,414 56,145
1,332,049
216,755
127,846
5,751
194,819
1,332,049
216,755
127,846
5,751
194,818
39,27839,278
1,332,049 39,278 545,170 1,916,496
Committed
Recreation Programs
Assigaed
Capital Projects
Unassigned
Total Fund Balances
1,464,637 1,464,637
1,212,507 1,212,507
2,l2g,3gg
2,136,316 1,482,451 t,332,048 39,278 1,212,507 575,594 6,779,194
Assigned Fund Balance. The District reports assigned fund balance in the Capital Projects, a majorfund. The District's Board/management has assigned these funds to future park improvement projectsand equipment and vehicle purchases based on approved Board/management expenditures as determinedthrough the annual budget process.
Committed Fund Balance, The District reports committed fund balance in the Recreation Fund, amajor fund. The District's Board has formally committed these funds to future recreation programsthrough passage ofthe budget ordinance.
2,128,399
36
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 4 _ OTHER INFORMATION
RISK MANAGEMENT
Park District Risk Management Agency (PDRMA)
The District is exposed to various risks related to torts; theft of, damage to and destruction of assets;
errors and omissions; injuries to employees; and net income losses. Since 1985, the District has been a
member of the Park District Risk Management Agency (PDRMA) Property/Casualty Program, a jointrisk management pool of park and forest preserve districts, and special recreation associations throughwhich property, general liability, automobile liability, crime, boiler and machinery, public officials',employment practices liability and workers compensation coverage is provided in excess of specifiedlimits for the members, acting as a single insurable unit.
The following table is a summary of the coverage in effect as of January 1,2012
Coverage
MemberDeductible
PDRMA Self-
InsuredRetention Limits
PROPERTYProperW/B ldg/Contents
All Losses per Occurrence s1,000 $1,000,000 $ 1,000,000/All Members
All Losses Annual Aggregate $3,000,000 Declaration I IFloodÆxcept Zones A&V $1,000 $1,000,000 $25 0,000,000/Occurrence/Annl AggrFlood Zones A&V $1,000 $r,000,000 $200,000,00O/Occurrence/Annl AgsrEathquake Shock $1,000 $100,000 $ I 00,000,000/Occurrence/Annl Aggr
Auto Physical Damage $1,000 $1,000,000 IncludedBuilders Risk $1,000 Included $25,000,000Business Interruption, Rental $1,000 $ I 00,000,000/Reported Values
Income, Tax Income Combined $5 00, 000/$2,5 00,000À{on-Reported
Service Interruption 24 Hours N/A $25,000,000Boiler and Machinery/Property $ I 00,000,000 Equipment BreakdownProperW Damage $1.000 $9,000 Property Damage - IncludedBusiness Income 48 Hours N/A IncludedFidelityiCrime $1,000 $24,000 $2,000,000
Seasonal Employees $1,000 $9,000 $1,000,000Blanket Bond $1,000 $24,000 $2,000,000
37
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 4 - OTHER INFORMATION - Continued
RISK MANAGEMENT - Continued
Park District Risk Management Agency (PDRMA) - Continued
COMPENSATIONWorkers Compensation N/A $500,000 Statutory
Employers LiabiliW $500,000 $3,500,000 Employers LiabilitvLIABILITY
$2 l, 5 00,000/Occurrence/Annl AggrGeneral None $500,000
Auto Liability None Included IncludedEmployment Practices None Included $2 l, 5 00,000/Occurrence/Annl AggPublic Officials Liability None Included
Law Enforcement Liabilitv None Included Included
Uninsured/[Jnderinsured Motorist None Included $ 1,000,OO0/Occurrence
POLLUTION LIABILITYLiabiliry - Third ParW None $25,000 $5,000,00O/Occurrence
Liabiliry - First Party $1,000 $24,000 $ I 0,000,000 General Aggregate
OUTBREAK EXPENSE $ I 5,000/Dav $45O,O0O/Location
24 Hours N/A $1 Million Aggregate Policy LimitVOLUNTEER MEDICAL ACCIDENT $5,000 Medical Expense and AD&D
None $5,000 Excess of any other Collectible Ins
UNDERGROUND STORAGE TANK LIABILITY $10,000 Follows Illinois Leaking
None NiA Underground Tank Fund
UNEMPLOYMENT COMPENSÄTIONN/A N/A Statutory
ít 0t
Losses exceeding the per occürence self-insured and reinsurance limit would be the responsibility of theDistrict.
As a member of PDRMA's Property/Casualty Program, the District is represented on theProperty/Casualty Program Council and the Membership Assembly and is entitled to one vote on each.The relationship between the District and PDRMA is governed by a contract and by-laws that have beenadopted by resolution of the District's governing body.
The District is contractually obligated to make all annual and supplementary contributions to PDRMA,to report claims on a timely basis, cooperate with PDRMA, its claims administrator and attorneys inclaims investigations and settlement, and to follow risk management procedures as outlined by PDRMA.Members have a contractual obligation to fund any deficit of PDRMA attributable to a membership yearduring which they were a member.
38
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 4 - OTHER INFORMATION - Continued
RISK MANAGEMENT - Continued
Park District Risk Management Agency (PDRMA) - Continued
PDRMA is responsible for administering the self-insurance program and purchasing excess insuranceaccording to the direction of the Program Council. PDRMA also provides its members with riskmanagement services, including the defense of and settlement of claims, and establishes reasonable andnecessary loss reduction and prevention procedures to be followed by the members.
The following represents a summary of PDRMA's Property/Casualty Program balance sheet atDecember 31,2011 and the statement of revenues and expenses for the period ending December 31,2011. The District's portion of the overall equity of the pool is 1.492% or $494,850.
Assets
Liabilities
Member Balances
Revenues
Expenditures
955,041,677
2I,875,5II
33,166,166
18,480,463
r7,708,721
Since 97% of PDRMA's liabilities are reserves for losses and loss adjustment expenses which are basedon an actuarial estimate of the ultimate losses incurred, the Member Balances are adjusted annually as
more recent loss information becomes available.
CONTINGENT LIABILITIES
Litigation
The District is a defendant in various lawsuits. Although the outcome of these lawsuits is not presentlydeterminable, in the opinion of the District's attorney the resolution of these matters will not have amaterial adverse effect on the financial condition of the District.
Grants
Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantoragencies, principally the federal government. Any disallowed claims, including amounts alreadycollected, may constitute a liability of the applicable funds. The amount, if any, of expenditures whichmay be disallowed by the grantor cannot be determined at this time although the District expects suchamounts, if any, to be immaterial.
39
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsÄpril30,2012
NOTE 4 - OTHER INFORMATION - Continued
CONTINGENT LIABILITIES - Continued
Related Party Transactions
The District is a member of the Northern Illinois Special Recreation Association (NISRA). The Districtpays annual contributions to NISRA for services they provide for disabled and handicapped members ofthe District. During the year ended April 30, 2012, the District paid $310,316 to NISRA.
The District has also bought a building and real estate, which it has agreed to lease to NISRA. Thebuilding mortgage shall be repaid over a twenty year period. Rental payments are semi-annual and based
on the monthly principal and interest payment the District pays on its mortgage. NISRA shall have an
option to purchase the building and property at any time during the lease. The District has agreed to sellfor the original purchase price less the total amount of the down payment and rental payments to date.
During the year ended April 30,2009,NISR4 purchased the building from the District for $411,820.
EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN
Plan Descriptions, Provisions and Funding Policies
The District contributes to the Illinois Municipal Retirement Fund (IMRF), a defined benefit agent
multiple-employer public employee retirement system that acts as a common investment and
administrative agent for local govemments and school districts in Illinois. The Illinois Pension Code
establishes the benefit provisions of the plan; those provisions can only be amended by the IllinoisGeneral Assembly. IMRF provides retirement, disability, annual cost-of-living adjustments and death
benefits to plan members and beneficiaries. IMRF issues a publicly available financial report thatincludes financial statements and required supplementary information for the plan as a whole, but not byindividual employer. That report may be obtained online at www.imrf.org. The benefits, benefit levels,employee contributions, and employer contributions are governed by Illinois Compiled Statutes and can
only be amended by the Illinois General Assembly.
All employees hired in positions that meet or exceed the prescribed annual hourly standard must be
enrolled in IMRF as participating members. Participating members hired before January 1,2011 whoretire at or after age 60 with 8 years of service are entitled to an annual retirement benefit, payablemonthly for life, in an amount equal to l-213 percent of their final rate (average of the highest 48
consecutive months' earnings during the last l0 years) of earnings, for each year of credited service up to15 years, and 2 percent for each year thereafter. For participating members hired on or after January 1,
2011 who retire at or after age 67 with 10 years of service are entitled to an annual retirement benef,tt,
payable monthly for life in an amount equal to I-213 percent of their final rate (average of the highest 96consecutive months' earnings during the last 10 years) of eamings, for each year of credited service,with a maximum salary cap of $106,800 at January 1,2011. The maximum salary cap increases eachyear thereafter.
40
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 4 - OTHER INFORMATION - Continued
EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - CONtiNUCd
Plan Descriptions, Provisions and Funding Policies - Continued
The monthly pension of a member hired on or after January 1,2011, shall be increased annually,
following the later of the first anniversary date of retirement or the month following the attainment ofage 62, by the lesser of 3Yo or Y, of the consumer price index. Employees with at least 10 years of
"r.dit.d service may retire at or after age 62 and receive a reduced benefit. IMRF also provides death
and disability benefits. These benefit provisions and all other requirements are established by state
statute. Employees participating in the plan are required to contribute 4.50 percent of their annual
covered salary to IMRF. The employees' contribution rate is established by state statute. The District is
required to contribute the remaining amount necessary to fund the IMRF plan as specified by statute'
The employer contribution and annual required contribution rate for calendar year 2012 was 12.65
percent.
Funding Policy and Annual Pension Cost
For April 30, 2012, the District's annual pension cost of $395,916 was equal to the District's required
and actual contributions. The required contribution was determined as part of the December 31,2009
actuarial valuation using the entry age actuarial cost method. The actuarial assumptions included (a)
7.5% investment rate of return (net of administrative expenses), (b) projected salary increases of 4.00%
ayeat, attributable to inflation, (c) additional projected salary increases ranging from 0.4Yo to 10.0% per
year, depending on age and service, attributable to seniority/merit and (d) post-retirement benefit
inrt"ur.i of 3Yo annually. The actuarial value of IMRF assets was determined using techniques that
smooth the effects of short-term volatility in the market value of investments over a five-year period
with a 20o/o corridor. IMRF's unfunded actuarial accrued liability is being amofüzed as a level
percentage of projected payroll on an open basis. The remaining amortization period at December 31,
2012was 30 years.
Trend Information
Employer annual pension cost (APC), actual contributions and the net pension obligation (NPO) are as
follóws. The NPO is the cumulative difference between the APC and the contributions actually made'
FiscalYear
AnnualPension
Cost
PercentageofAPC
Contributed
NetPension
Oblieation
2010
20ll
$ 351,795
396,538
395,916
100%
t00%
None
None
2012
4l
100% None
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 4 - OTHER INFORMATION - Continued
EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN _ CONtiNUEd
X'unded Status and Funding Progress
The District's funded status for the current year and related information for the plan is as follows:
Actuarial Valuation Date l2l31l1l
Percent Funded 72.20%
Actuarial Accrued Liabilityfor Benefits $9,951,378
Actuarial Value of Assets $7,184,929
Over (Under) Funded ActuarialAccrued Liability (UAAL) s2,766,449
Covered Payroll (Annual Payroll
of Active Employees Covered
by the Plan) $3,3 81,007
Ratio of UAAL to Covered
Payroll 8t.82%
The schedule of funding progress, presented as Required Supplementary Information (RSI) followingthe notes to the financial statements, presents multiyear trend information about whether the actuarial
value of plan assets are increasing or decreasing over time relative to the actuarial accrued liability forbenefits.
42
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 4 - OTHER INFORMATION - Continued
OTHER POST.EMPLOYMENT BENEFITS
Plan Descriptions, Provisions and Funding Policies
In addition to providing the pension benefits described, the District provides post-employment health
care insurance benefits (OPEB) for its eligible retired employees through a single employer defined
benefit plan. The benefits, benefit levels, employee contributions and employer contributions are
governed by the District and can be amended by the District through its personnel manual and union
contracts. The plan is not accounted for as a trust fund, as an irrevocable trust has not been established to
account for the plan. The plan does not issue a separate report. The activity of the plan is reported in the
District's General Fund.
The District provides post-employment health care benefits to its retirees. To be eligible for benefits, an
employee must qualify for retirement under one of the District's retirement plans. Elected officials are
eligible for benefits if they qualify for retirement through the Illinois Municipal Retirement Fund.
A1l health care benefits are provided through the District's health insurance plan, The benefit levels are
the same as those afforded to active employees. Benefits include general inpatient and outpatient
medical services; mental, nervous, and substance abuse care; vision care; dental care; and prescriptions.
Upon a retiree reaching 65 years of age, Medicare becomes the primary insurer and the District's plan
becomes secondary.
All retirees contribute 100% of the actuarially determined premium to the plan. For the fiscal year
ending April 30, 2012, retirees contributed 520,547. Active employees do not contribute to the plan untilretirement.
At April 30,2012, membership consisted of:
Retirees and Beneficiaries Currently Receiving
Benefits and Terminated Employees Entitledto Benefits but not yet Receiving Them
Active Employees 65
Total
Participating Employers
The District does not currently have a funding policy.
2
43
67
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 4 - OTHER INFORMATION - Continued
OTHER POST-EMPLOYMENT BENEFITS - Continued
Annual OPEB Costs and Net OPEB Obligation
The net OPEB obligation (NOPEBO) as of April30,2012, was calculated as follows:
Annual Required ContributionInterest on the NOPEBOAdjustment to the ARC
Annual OPEB Cost
Actual Contribution
$ 12,981
1,212
(606)
13,587
8,219
Increase in the NOPEBO 5,368
NOPEBO - Beginning of Year 24,239
NOPEBO - End of Year 29,607
Trend Information
The District's annual OPEB cost, actual contributions, the percentage of annual OPEB cost contributedand the net OPEB obligation are as follows:
Fiscal
Year
Annual
OPEB
Cost
ActualContributions
Percentage
ofOPEBCost Contributed
Net
OPEB
Obligation
2010 s 11,922 s
20tt 12,317
0.00% $ t1,922
0.00% 24,239
8,2192012 13,587
44
60.49% 29,607
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Notes to the Financial StatementsApril30,2012
NOTE 4 - OTHER INFORMATION - Continued
OTHER POST-EMPLOYMENT BENEFITS - Continued
Funded Status and Funding Progress
The funded status of the plan as of April 30,2010, the date of the latest valuation, was as follows:
Actuarial Accrued Liability (AAL) $ t 12,549
Actuarial Value of Plan Assets
Unfunded Actuarial Accrued Liability (UAAL) 112,549
Funded Ratio (Actuarial Value of Plan Assets/AAL) 0.0%
Covered Payroll (Active Plan Members) 4,684,939
UAAL as a Percentage of Covered Payroll 2.4%
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples includeassumptions about future employment, mortality, and the healthcare cost contributions of the employerare subject to continual revision as actual results are compared with past expectations and new estimates
are made about the future. The schedule of funding progress, presented as required supplementaryinformation following the notes to the financial statements, presents multiyear trend information thatshows whether the actuarial value of plan assets is increasing or decreasing over time relative to theactuarial accrued liabilities for benefits.
Actuarial Methods and Assumptions
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as
understood by the employer and plan members) and include the types of benefits provided at the time ofeach valuation and the historical pattern of sharing of benefit costs between the employer and planmembers to that point. The actuarial methods and assumptions used include techniques that are designedto reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistentwith the long-term perspective of the calculations.
In the April 30, 2010 actuarial valuation the entry age actuarial cost method was used. The actuarialassumptions included a 5.0Vo investment rate of return (net of administrative expenses and an annualhealthcare cost trend rate of 8.0%. Both rates include a3.ïYo inflation assumption. The actuarial value ofassets was not determined as the District has not advance funded its obligation. The plan's unfundedactuarial accrued liability is being amortized as a level percentage of projected payroll on an open basis.The remaining amortization period at April 30,2012, was 30 years.
45
RE QUIRED SUPPLEMENTARY INFORMATION
Required supplementary information includes financial information and disclosures that are
required by the Governmental Accounting Standards Board (GASB) but are not considered a
part of the basic financial statements. Such information includes:
o Schedule of Funding Progress and Employer Contributions
Budgetary Comparison Schedule - General Fund
Budgetary Comparison Schedule - Recreation - Special Revenue Fund
Budgetary Comparison Schedule - Special Recreation - Special Revenue Fund
Notes to the Required Supplementary Information
Budgetary Information - Budgets are adopted on a basis consistent with generally accepted
accounting principles.
o
a
o
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Illinois Municipal Retirement Fund
Required Supplementary InformationSchedule of Funding Progress and Employer ContributionsApril30,2012
Funding Progress
ActuarialValuation
Date
Dec. 3l
(l)Actuarial
Valueof Plan
Assets
(2)ActuarialAccruedLiability(AAL)
- Entry Age
(3)Funded
Ratio(l) + (2)
(4)
Unfunded(Overfunded)
ActuarialAccruedLiability(2) - (l)
(s)AnnualCovered
Payroll
(6)
Unfunded(Overfunded)
ActuarialAccruedLiability
asaPercentage
ofCoveredPayroll(a) + (s)
20062007
2008
2009
201020tl
$ 6,753,063
7,617,6347,707,662
9,061,737
6,536,9297,184,929
s 7,742,1608,603,0529,616,854
r0,286,5679,305,692
9,951,378
EmployerContributions
87.22%
88.5s%
80.15%
78.37%
70.25%72.20%
989,097
985,418
l,go9,rg22,224,9302,768,8642,766,449
AnnualRequired
Contribution
$ 3,129,4053,297,434
3,438,736
3,493,1163,496,8113,3 g l,oo7
31.61%29.88%5552%63.87%79.18%81.82%
Percent
Contributed
$
Employer Contributions
FiscalYear
2007
2008
2009
2010
20tt2012
$ 336,724
322,381349,032357,795
396,538395,916
I 336,724
322,381
349,032351,795
396,538
395,976
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
46
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Other Post-Employment BenefÌts Plan
Required Supplementary InformationSchedule of Funding Progress and Employer ContributionsApril30,2012
Funding Progress
ActuarialValuation
Date
April30
(1)
ActuarialValueof Plan
Assets
(2)ActuarialAccruedLiability(AAL)
- EntryAge
(3)Funded
Ratio
(4)Unfunded
(Overfunded)ActuarialAccruedLiability(2) - 0)
(s)AnnualCovered
Payroll
(6)Unfunded
(Overfunded)ActuarialAccrued
Liability as a
Percentage
ofCoveredPayroll(4) + (5)(1) + (2\
Employer Contributions
FiscalYear
N/AN/AN/A112,549
N/AN/A
EmployerContributions
2007
2008
2009
201020tt2012
N/AN/AN/A
N/AN/A
$ $ N/AN/AN/A
0.00%
N/AN/A
N/AN/AN/A112,549
N/AN/A
$ N/AN/ANiA
4,694,939NiAN/A
$ N/AN/AN/A
2,40%N/AN/A
AnnualRequired
ContributionPercent
Contributed
2007
2008
2009
20r020tt2012
N/AN/AN/A
N/AN/AN/A11,922
12,0r912,981
N/AN/AN/A
0.00%
0.00%63.32%
$$
8,219
The Park District implemented GASB Statement No. 45 for the fiscal year ended April 30, 2010. Information
for prior years is not available. The Park District is required to have an acítarial valuation performed trienniallyThe District does not currently have any retirees enrolled in the Plan.
47
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedule of Revenues, Expenditures andChanges in Fund Balance - Budget and ActualYear Ended April 30, 2012
Revenues
Taxes
Charges for Services
Grants and Donations
Interest
MiscellaneousTotal Revenues
Expenditures
General Government
AdministrationMaintenance and Operations
Capital OutlayDebt Service
Principal RetirementInterest and Fiscal Charges
Total Expenditures
Net Change In Fund Balance
Fund Balance - Beginning
Fund Balance - Ending
s 2,775,000
701,765
30,500
13,500
4,600
2,775,000
701,765
30,500
13,500
4,600
2,889,558
560,039
30,307
8,221
1,759
Budgeted Amounts ActualAmountsOriginal Final
3,525,365 3,525,365 3,499,892
1,195,485
1,907,160
61, I 50
390,000
164,300
I,152,3601,952,785
58,650
390,000
164,300
972,5641,659,464
24,329
390,000
163,995
3,718.095 3.718,095 3,210,351
(192,730\ (t92,730\ 279,531
1,856,785
2,136,316
48
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Recreation - Special Revenue Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and ActualYear Ended April 30' 2012
Budgeted Amounts ActualAmountsFinal
$ I ,600,000 1 ,600,000 1,597 ,240
Original
Revenues
Taxes
Property Taxes
Charges for Services
lOperations
'Adult Recreation
Youth Recreation
Programs for All Ages
Senior Citizens
Special Events
Recreational Services
Lippold Park
Interest
Miscellaneous
Total Revenues
Expenditures
General Government
Recreation
Capital Outlay
Total Expenditures
Net Change in Fund Balance
Fund Balance - Beginning
112,000
139,880
2,012,825
162,885
25,630
62,56026,200
206,610
5,500
29,000
I12,000
i 39,880
2,0r2,8251 62,885
25,630
62,56026,200
206,610
5,500
29,000
84,801
174,324
1,641,13I
I 10,105
18,908
49,321
33,268
183,393
6,397
8,357
4,383,090 4,3 93,090 3,847,252
1,739,895
2,165,945
7,700
1,723,795
2,180,945
8,800
1,555,480
2,054,352
7,264
3,973,540 3,913,540 3.617,096
469,550 469,550 230,156
1,252,295
1Fund Balance - Ending
49
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Special Recreation - Special Revenue Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and ActualYear Ended April 30, 2012
Original FinalActual
Amounts
Budgeted Amounts
Revenues
Taxes
Property Taxes
Interest
Miscellaneous
Total Revenues
Expenditures
Recreation
Salaries and Wages
Contractual Services
Other Expenditures
Total Expenditures
Net Change in Fund Balance
Fund Balance - Beginning
Fund Balance - Ending
$ 450,000
4,500
5,000
450,000
4,500
5,000
449,235
4,280
4
459,500 459,500 453,519
112,000
17,650
1,249,000
112,000
17,650
1,249,000
59,379
648
358,126
1,378,650 1,378,650 418,153
(919,1s0) (919,1s0) 35,366
1,296,682
1,332.048
50
OTHER SUPPLEMENTARY INFORMATION
Other supplementary information includes financial statements and schedules not required by the
Governmental Accounting Standards Board (GASB), nor a part of the basic financial statements,
but are presented for purposes ofadditional analysis.
Such statements and schedules include:
o Budgetary Comparison Schedules - Major Governmental Funds
. Combining Statements -Nonmajor Governmental Funds
Budgetary Comparison Schedules - Nonmaj or Governmental Funds
Budgetary Comparison Schedules - Enterprise Funds
a
o
COMBINING AND INDIVIDUAL FUNI)FINANCIAL STATEMENTS AND SCHEDULES
GENERAL FUND
The General Fund accounts for all financial resources except those required to be accounted for
in another fund.
SPECIAL REVENUE FUNDS
Special Revenue Funds are created to account for the proceeds ofspecific revenue sources (other
than fiduciary funds or capital project funds) that are legally restricted to expenditure for
specified purposes' Recreation Fund
The Recreation Fund is used to account for the operations of the recreation programs. Financing
is provided primarily from an annual property tax levy, and from fees charged for programs and
activities.
Special Recreation Fund
The Special Recreation Fund is used to account for revenues derived from a specific annual
prop"tty tax levy and expenditures of these monies to the Northern Illinois Special Recreation
Association to provide special recreation programs for the physically and mentally challenged
residents, as well as ADA improvements throughout the District.
Illinois Municipal Retirement Fund
The Illinois Municipal Retirement Fund (IMRF) Fund is used to account for the receipt ofproperty taxes to frtrd puy-ents to the state controlled pension fund and the federally
administered social security program.
Liability Insurance Fund
The Liability Insurance Fund is used to account for the operation of the Park District's insurance
and risk management activities. Financing is provided from an annual property tax levy.
Audit Fund
The Audit Fund is used to account for revenues derived from a specific annual property tax levy
and expenditures of these monies for the annual audit of the Park District.
Natural History Center and Museum Fund
The Natural History Center and Museum Fund is used to account for the operations of the Park
District,s cultural arts programs. Financing is provided by user fees and a specific annual tax
levy.
COMBINING AND INDIVIDUAL FUNI)FINANCIAL STATEMENTS AND SCHEDULES
DEBT SERVICE FUND
The Debt Service Fund accounts for the accumulation of resources for, and the payment of,general long-term debt principal and interest.
CAPITAL PROJECTS FUND
The Capital Projects accounts for all resources used for the acquisition of capital assets exceptthose financed by Proprietary Funds.
ENTERPRISE FUNDS
Enterprise Funds account for operations that are financed and operated in a manner similar toprivate business enterprises where the intent is that costs of providing goods or services to thegeneral public on a continuing basis be financed or recoverod primarily through user charges; orwhere it has been decided that periodic determination of revenues earned, expenses incurredand/or net income is appropriate for capital maintenance, public policy, management control,accountability or other purpose.
Racket Club Fund
The Racket Club Fund is used to account for the operations of the Racket Club, which is an
established proprietary fund. The club offers tennis lessons and memberships which providerevenues to operate the Racket Club.
Golf Learning Center Fund
The Golf Learning Center Fund is used to account for the Golf Leaming Center, which is an
established proprietary fund. The center offers a driving range and mini golf course, These usercharges provide revenues to operate the Golf Learning Center.
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedule of Revenues - Budget and ActualYear Ended April 30, 2012
Original Final
Actual
AmountsBudgeted Amounts
Taxes
Propefi Taxes - Current
Property Taxes - Referendum
Replacement Tax
Total Taxes
Charges for Services
CitationsFarm Lease
Reimbursements
Miscellaneous
AquaticFood Service
Rental of Facilities
Equipment Disposal
Park Place
Police
Total Charges for Services
Grants and Donations
Developer Contributions
Donations and Memorials
Total Grants and Donations
Interest
Miscellaneous
$ 1,500,000
1,200,000
75,000
l,500,ooo1,200,000
75,000
1,497,401
1,326,701
65,456
2,775,000 2,775,000 2,889,558
22,000
7,20041,500
250
23 1,885
215,630
29,0002,000
135,800
16,500
22,000
7,20041,500
250
23 I,885
215,630
29,0002,000
135,800
16,500
26,741
7,200
41,528
23
186,770
143,420
26,365
r,025
120,621
6,945
701,765 701,765 560,038
25,000
5,500
25,000
5.500
18,909
I 1.398
30,500 30,500 30,307
13,500 13,500 8,221
4,600 4,600 1,758
Total Revenues
51
3,525,365 3,525,365 3,489,882
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
Year Ended April30' 2012
Original FinalActual
AmountsBudgeted Amounts
General Government
Administration
Salaries and Wages
Director
Business Manager
Superintendent of Parks
Office StaffClerical - Part-Time
Public Relations Coordinator
Bookkeepers
Park Planner
Human Resources
FICA/Medicare
$ 45,000
51,000
24,200
60,000
14,000
9,600
41,000
62,00034,800
275,000
45,000
51,000
24,200
60,000
14,000
9,600
41,000
62,000
34,800
250,000
40,496
50,517
24,123
55,516
8,037
9,781
38,653
61,189
35,234
271,150
616,600 591,600 534 696
Contractual Services
ElectricityHeat
Water/Sewer
Communication
Professional Services
Computer Programming ExPense
Maintenance Agreements
Office Equipment Lease
Security System
Legal Fees
Subscriptions
Dues
Education/Seminars
Miscellaneous
Miscellaneous Bank Charges
IT Service
Unemployment Benefits
47,000
20,000
3,500
20,000
20,000
25,000
12,250
4,100
1,360
35,000
250
6,650
5,000
7,750
8,000
15,000
1,500
40,000
20,000
12,000
27,000
10,000
15,000
12,250
4,100
1,360
35,000
250
6,650
5,000
7,750
8,000
15,000
7,500
36,609
14,790
10,453
27,253
9,09611,627
10,835
3,671
1,172
29,071
118
6,142
1,561
5,1324,9r7
10,800
7,462
52
CRYSTAL LAKE PARK DISTRTCT, TLLINOTS
General Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
General Government - Continued
Administration - Continued
Contractual Services - Continued
Special Event Insurance
Office Equipment Repairs
Postage
CommoditiesMiscellaneousSafety Equipment
AdvertisingLegal Ads
Printing
CoffeeResource Materials
Blueprints
Drafting Supplies
Office Supplies
Office Equipment
Computer Software
Computer Hardware
Computer Repair Parts
Insurance
Insurance/Health
4,000
750
7,500
1,683
153
4,291
$ 4,000
750
7.s00
244,6t0 239,110 196,836
2,000
6,000
4,000
2,500
5,000
1,750
2,000
500
500
12,500
6,000
2,5002,500
s00
2,000
6,000
4,000
2,500
5,000
2,500
2,000
s00
s00
12,500
6,000
2,5002,500
500
1,376
3,943
1,200
1,484
674
2,776
26t24
89
8,934
3,321
528
455
48,250 49,000 24,465
265,000 25t,575 202,473
53
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April30, 2012
Original Final
Actual
AmountsBudgeted Amounts
General Government - Continued
Administration - Continued
Other Expenditures
Real Estate Taxes
Miscellaneous
Meetings/Conferences
Traveling Expenditures
Cash Over/Short
$ 1,500
6,000
10,500
3,000
25
1,550
6,000
10,500
3,000
25
1,549
3,087
7,293
2,115
50
2r,025 21,075 14,094
1,195,485 t.152,360 972,564Total Administration
Maintenance and Operations
Park Maintenance
Salaries and rù/ages
Superintendent of Parks
Park Supervisor
Building Supervisor
Grounds Supervisor
Maintenance Supervisor of Facilities
Maintenance StaffNature Center Manager
Part-Time Maintenance
Building Custodian
Contractual Services
Building/Woodscreek
Building/Main Beach
Building/Garage
Building/WestBuilding/AcresBuildingÆarm
29,000
50,500
5,000
41,200
35,800
402,300
13,500
70,000
40,875
29,000
50,500
5,000
41,200
35,800
402,300
13,500
70,000
40,875
28,947
50,059
1,629
40,916
35,375
317,793
13,445
64,812
36,265
688,175 688, I 75 588,641
2,000
8,000
5,500
1,800
1,800
4,000
2,000
8,000
5,500
1,800
1,800
4,000
920
4,937
4,14r277
892
7,676
54
CRYSTAL LAKE PARJ( DISTRICT, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April 30, 2012
Original Final
Actual
AmountsBudgeted Amounts
General Government - Continued
Maintenance and Operations - Continued
Park Maintenance - Continued
Contractual Services - Continued
Building/SpoerlBuilding/Administrative Center
Building/RotaryBuildingÆark Place
Building/Grand Oaks
Building/Colonel Palmer House
Building/Police Headquarters
Garbage Disposal
Communication
Contractual MowingTree Care/Replacement
Equipment Rental
Education/Seminars
LightingEquipment Repairs
Mower Repairs
Truck Repairs
Auto Repairs
Radio Repairs
Traffic Signal Maintenance
$ 1,200
8,500
4,000
3,70010,200
800
700
9,200
5,000
15,500
17,000
3,400
16,200
400
8,500
6,500
12,000
1,400
800
6,300
1,200
12,000
5,000
3,700
10,200
800
700
9,200
7,000
15,500
18,000
5,000
16,200
400
8,500
6,500
15,000
1,400
800
3,000
280
10,969
4,564
3,428
3,109
332
386
6,081
6,570
1I,23216,980
4,141
11,932
355
8,727
4,488
13,346
92
1,476
154,400 163,200 120,605
Commodities
Crystal Castle Playground
Land Improvement Materials
Auto Parts and Repairs
Expendable Tool and Shop Supplies
Mechanic Tools/Supplies
Gas and Diesel Fuel
200
8,500
500
8,700
1,800
68,000
s00
8,500
500
8,700
1,800
83,000
111
5,646
s63
8,874
1,233
90,770
55
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
General Government - Continued
Maintenance and Operations - Continued
Park Maintenance - Continued
Commodities - Continued
Lubricants and Motor OilSafety Equipment
State Inspection and Licensing
Janitorial Supplies
Recycling Program
Office Supplies
Holiday Decorations
Snow and Ice Control
Park Signage
Tires and Tubes
Electric Supplies
Paint Supplies
Sign Materials
Picnic Table Repair MaterialFasteners
Equipment Repair Parts
Boat Equipment/Service/Repair
Mower Repair Parts
Truck Repair Parts
Radio/Communication Equipment
UniformsSeed
FertilizationInigation Repairs
Uncapitalized Improvements
Building/Sternes
Building/Woodscreek
BuildingMain Beach
Building/Garage
190, I 50 211,675 198,427
$ 3,300
5,100
850
8,500
3,000
3,800
500
8,000
2,500
6,500
400
1,200
1,200
3,300
4,400
7,700
1,500
15,000
7,000
3,000
5,800
3,300
1,600
5,000
3,300
5,100
850
8,500
4,200
1,500
52s
8,000
3,500
6,500
500
1,200
4,000
3,300
5,500
9,500
1,500
15,000
7,500
3,000
5,800
3,300
1,600
5,000
1,722
4,292
818
6,276
4,159
468
s08
5,541
2,744
6,730
409
1,154
3,615
3,519
5,786
11,029
1,224
13,592
7,213
49r3,467
3,300
968
2,094
500
1,000
7,000
9,900
329
1,205
4,991
6,692
56
s00
1,400
7,000
9,900
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April30, 2012
Original FinalActual
AmountsBudgeted Amounts
General Government - Continued
Maintenance and Operations - Continued
Park Maintenance - Continued
Uncapitalized Improvements - Continued
Building/WestBuilding/AcresBuildingÆarmBuilding/Spoerl
BuildingiAdministrative Center
Building/RotaryBuildingÆark Place
Building/Grand Oaks
Building/Lippold Storage
Building/Colonel Palmer House
BuildingÆolice Headquarters
Grounds/Main
Grounds/West
Grounds/AcresNeighborhood Parks - NorthGroundsÆarm
Grounds/Stemes - Stritzel
Grounds/LippoldGrounds/Sund Ballfield Complex
Grounds/Soccer Fields
Grounds/Spoerl
Neighborhood Parks - South
Grounds/Fertzner
Grounds/Four Colonies
Grounds/Woodscreek
Grounds/Sam Johns
$ 7,200
2,500
3,300
1,800
6,500
8,500
4,500
2,000
5,500
1,500
1,000
8,500
3,200
5,500
8,000
3,500
2,400
15,000
6,000
8,000
900
7,000
1,000
4,000
4,000
1,000
1,200
2,500
3,300
1,800
6,500
8,500
6,000
3,7006,000
1,500
1,000
12,000
3,20010,000
8,500
3,500
2,400
15,000
6,000
8,000
900
7,500
7,200
4,000
4,500
1,000
338
2,05rr,7321,004
5,364
7,830
7,902
3,551
5,899
1,408
1l11,576
2,575
10,042
8,225
1,347
1,666
13,975
5,972
7,838
348
7,063
1,220
3,068
4,209
39
57
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April30' 2012
Original Final
Actual
AmountsBudgeted Amounts
General Government - Continued
Maintenance and Operations - Continued
Park Maintenance - Continued
Uncapitalized Improvements - Continued
Grounds/FeinbergGroundsÆ(en BirdGrounds/Palmer House
Grounds/Willows Edge
Grounds/Grank Oaks
Other Expenditures
Memorials
Vandalism Repair
Total Park Maintenance
Police
Salaries and Wages
Contractual Services
Commodities
Uncapitalized Improvements
Maintenance and Repair
Total Police
7,000 8,000 4,797
1,184,025 r,229,350 1,046,393
$ 3,500
2,500
800
1,000
800
3,500
2,500
1,000
1,000
1,241
1,403
1,012
450
348800I144,300 15 8.300 133,923
5,000
2,000
5,000
3,000
2,1142,683
66,065
28,875
6s0
11,050
4,700
66,06529,375
650
11,050
5,000
59,069
22,227
522
5,688
4,553
111,340 t12,740 92,059
58
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
General Government - Continued
Maintenance and Operations - Continued
AquaticSalaries and Wages
Contractual Services
CommoditiesMaintenance and Repair
Other Expenses
Total Aquatic
Food Service
Salaries and Wages
Contractual Services
Commodities
Maintenance and Repair
Other Expenses
Total Food Service
Park Place
Salaries and Wages
Contractual Services
CommoditiesInsurance
Maintenance and Repair
Other Expenses
Total Park Place
161,540 161,540 116,358
$ 282,480
3,000
24,700450
5,075
280,9903,000
25,690450
5.075
258,6t72,223
74,152
I4,818
315,705 315,205 279,8r8
I
51,300
3,225
06,215
s00
300
48,630
3,925
108,185
500
300
41,277
2,695
72,522
(136)
70,40019,950
28,70014,000
1,500
72,40025,950
29,9754,725
1,500
66,44023,243
29,591
4,700
1,188(326)'
134,550 134.550 t24,836
Total Maintenance and Operations
59
1,907,160 1,952,785 1,659,464
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
General Fund
Schedute of Expenditures - Budget and Actual - Continued
Year Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
Capital OutlayAdministration
Park Development
Police
AquaticFood Service
Park Place
Total Capital Outlay
Debt Service
Principal Retirement
Interest and Fiscal Charges
Total Debt Service
Total Expenditures
$ 3,000
25,000
10,500
20,4001,000
1,250
3,000
22,00010,500
20,900
1,000
1,250
885
7,439
2,573
12,626
805
61,150 58,650 24,328
390,000
164,300
390,000
164,300
390,000
163,99s
554,300 554,300 553,995
3.718.095 3.7 18.09s 3.2t0.351
60
CRYSTAL LAKE PARK DISTRTCT, TLLTNOTS
Recreation - Special Revenue Fund
Schedule of Expenditures - Budget and ActualYear Ended April 30, 2012
Original Final
ActualAmounts
Budgeted Amounts
General Government
AdministrationSalaries and Wages
DirectorBusiness Manager
Superintendent of Recreation
Superintendent of Parks
Office StaffClerical - Part-Time
Recreational Supervisors
Public Relations Coordinator
Bookkeepers
Maintenance Supervisor of Facilities
Maintenance StaffPark Planner
Assistant Superintendent of Recreation
Part-Time Recreation
Part-Time Maintenance
Part-Time MarketingBuilding Custodian
Human Resources
Slope/Skate Guards
Contractual Services
Scholarship
Gift Certificates Redeemed
Employee Discount
Garbage Disposal
ElectricityHeat
Water/Sewer
Communication
Cable
947,275 947,275 883,617
$ 45,000
41,000
86,000
19,400
60,000
13,000
110,000
28,600
41,000
15,000
238,40017,700
64,200
22,500
30,000
40,000
61,375
11,600
2,500
45,000
41,000
86,000
19,400
60,000
13,000
110,000
28,600
41,000
15,000
238,400
17,700
64,20022,500
30,000
40,000
61,375
11,600
2,500
40,495
40,594
84,930
19,298
55,513
8,036
117,908
29,343
38,652
15,161
194,062
17,483
66,410
24,719
28,551
34,462
55,436
11,745
819
2,000
200
7,500
7,750
50,000
25,000
3,500
20,000
1,500
2,000
200
32,000
8,500
50,000
25,000
12,000
27,000
1,500
479(34)
30,637
8,242
39,930
16,826
10,449
27,283
1,282
61
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Recreation - Special Revenue Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
General Government - Continued
Administration - Continued
Contractual Services - Continued
Computer Programming Expense
Maintenance Agreements
Office Equipment Lease
Security System
Legal Fees
Subscriptions
Dues
Education/Seminars
Miscellaneous
Miscellaneous Bank Charges
First Aid - BuildingsIT Service
Unemployment Benefits
Office Equipment Repairs
Postage
CommoditiesMiscellaneous
Gas and Diesel Fuel
Safety Equipment
Janitorial Supplies
Public Information Supplies
AdvertisingLegal Ads
Employment Ads
Printing
Coffee
Resource Materials
Office Supplies
s
24 000
257 990
25,000
12,250
4,100
2,240
11,000
250
6,000
9,000
2,000
25,000
200
15,000
5,000
s00
1,500
18,200
4,400
13,800
13,610
8,700
1,800
s00
45,700
1,750
400
12,500
15,000
500
24,000282,290
15,000
15,000
4,100
2,240
11,000
250
6,000
4,000
2,000
25,000
1,500
26,0004,400
13,800
13,610
8,700
1,800
s00
35,7002,500
400
12,500
10,800
153
l8 627
237 031
11,564
13,376
3,671
2,179
8,210
tt75,623
3,3821,046
23,789
l,ll724,654
343
9,855
12,353
7,358
1,103
150
34,4822,163
296
8,890
62
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Recreation - Special Revenue Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
General Government - Continued
Administration - Continued
Commodities - Continued
Office Equipment
Computer Software
Computer Hardware
Computer Repair Parts
Uniforms
Insurance
Insurance/Health
Other Expenditures
Miscellaneous
Meetings/Conferences
Traveling Expenditures
Cash Over/Short
Total Administration
Police
Salaries and Wages
Clerical - Part-Time
Park Police StaffPart-Time Police
Full-Time Police
$ 6,500
2,500
1,500
500
3,000
6,500
2,500400
500
3,000
3,321
1,096
394
2,058
136,860 134,310 109,633
315,000 276,350 249,210
5,000
8,000
4,500
50
5,000
9,000
4,500
50
3,644
7,903
3,458(89)
17,550 17,550 14,916
r,674,675 1,657.775 r,494,407
4,080
19,600
10,815
20,600
4,080
19,600
10,815
20,600
3,696
19,3 8l9,286
20,801
63
55,095 55,095 53,164
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Recreation - Special Revenue Fund
Schedule of Expenditures - Budget and Actual - ContinuedYear Ended April 30, 2012
Original FinalActual
Amounts
Budgeted Amounts
General Government - ContinuedPolice - Continued
Contractual Services
Education/Seminars
Physical Examinations
Recreation
Adult Recreation
Salaries and Wages
Contractual Services
Commodities
Commodities
Office Supplies
Uncapitalized Improvements
Security Equipment
Membership and TrainingCommunication Equipment
Maintenance and Repairs
Communication Equipment Repair
Vehicle Maintenance
Snowmobile/ATv Repairs
Total Police
Total General Government
3,384
3,700 4,500 3,384
65,220 66,020 61,073
1,739,895 7,723,795 1.555,480
700
2,700
300
700
3,500
300
$ 200225
200
225 220
425 425 220
250 250 r52
1,500
2,000
2,250
1,500
2,000
2,250
600
1,550
2,003
5 750 5 750 4,153
46,865
34,390
13,825
46,865
34,390
13,825
46,372
23,942
4,492
Total Adult Recreation
64
95,080 95,080 74,806
CRYSTAL LAKE PARI( DISTRICT, ILLINOIS
Recreation - Special Revenue Fund
Schedule of Expenditures - Budget and Actual - ContinuedYear Ended April 30, 2012
Original Final
Actual
AmountsBudgeted Amounts
Recreation - ContinuedYouth Recreation
Salaries and Wages
Contractual Services
Commodities
Total Youth Recreation
Programs for All Ages
Salaries and Wages
Contractual Services
Commodities
Senior CitizensSalaries and Wages
Contractual Services
Commodities
Total Senior Citizens
Special Events
Salaries and Wages
Contractual Services
Commodities
Total Special Events
Recreational Services
Commodities
$ 985,685
449,535
95,635
985,685
449,535
95,635
997,288480,571
92,407
1,530,855 1,530,855 r,570,266
24,870
85,340
11,925
24,870
85,340
11,925
17,027
56,555
5,007
Total Programs for All Ages 122,135 122,135 78,589
4,755
8,550aJ 780
4,755
8,550
4,573
8,844
3,917
17,334
J 780
17,085 17,085
4,25514,870
26,670
4,25514,870
26,670
2,370
8,578
33,450
45,795 45,795 44.398
65
25,900 37,000 32,152
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Recreation - Special Revenue Fund
Schedule of Expenditures - Budget and Actual - Continued
Year Ended Aprit 30' 2012
Original Final
ActualAmounts
Budgeted Amounts
Recreation - Continued
Lippold Park Complex
Salaries and Wages
Contractual Services
$ 202,355
56,760
53,780
15,500
700
203,355
58,260
55,180
15,500
700
168,686
27,343
33,780
6,778220
Commodities
Uncapitalized Improvements
Maintenance and Repairs
Total Lippold Park Complex
Total Recreation
Capital Outlay
Administration
Total Expenditures
329,095 332,995 236,807
2,165,945 2,180,945 2,054,352
7,700 8,800 7,264
3.913.540 3,913.540 3.617.096
66
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Debt Seruice Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and ActualYear Ended April 30, 2012
Budgeted Amounts ActualAmountsOriginal Final
955,915
1,060
56
959,500 959,500 957,031
Revenues
Taxes
Property Taxes
Interest
MiscellaneousTotal Revenues
Expenditures
Debt Service
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses)
Debt Issuance
Transfers Out
Net Change in Fund Balance
Fund Balance - Beginning
Fund Balance - Ending
$ 958,000
1,500
958,000
1,500
1,018,020
113,860
1,018,020
1 13,860
1,018,020
I13,310
1,131,880 1, 131.880 1,131,330
(t72,380\ ( 172,380\ (174,299)
594,315594,000(419.700)
594,000
419.700) øt9 700)(
174,300 174,300 174,615
r.920 r.920 3t6
38,962
39,278
67
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Capital Projects Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and ActualYear Ended April 30, 2012
Budgeted Amounts ActualAmountsFinal
$ 11,250
3,4641,000
3,000 3.000 15,714
263,500
1.087.285
263,500
1,087 .285 786.038
1,350,785 1,3 50,785 786,038
(t,347,785) (1,347,785) (770,324)
419,700 419,700 4t9,700
(928,085) (928,08il (350,624)
J2J2,sw
Original
Revenues
IntergovernmentalGrant Income
Interest
MiscellaneousTotal Revenues
Expenditures
General Government
Contractual Services
Capital OutlayTotal Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources
Transfers In
Net Change in Fund Balance
Fund Balance - Beginning
Fund Balance - Ending
3,000 3,000
68
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Combining Balance Sheet
Nonmajor Governmental - Special Revenue FundsApril30,2012
See Following Page
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Combining Balance Sheet
Nonmajor Governmental - Special Revenue Funds
April30,2012
Cash and Investments
Receivables - Net of Allowances
Property Taxes
Other
Prepaids
Total Assets
LiabilitiesAccounts Payable
Accrued Payroll
Unearned/Deferred Revenues
Total Liabilities
Fund Balances
Nonspendable
Restricted
Total Fund Balances
ASSETS
LIABILITIES ANDFUND BALANCES
IllinoisMunicipalRetirement
$ 237,472
198,506
435,978
20,717
198,506
2r9,223
216,755
216,755
Total Liabilities and Fund Balances
69
435,978
Special Revenue Funds
LiabilityInsurance Audit
NaturalHistory
Center and
Museum
Total
Nonmajor
Governmental
Funds
143,597
347,370
5,7 5l
16,879
201,258
168,730
642
74
588,078
731,485
642
30,41430,340
521,307 22,630 370.704 1.3s0.619
12,452
3,300
347,369 16,879
3,145
3,319
169,34g
36,314
6,619
732,102
363,121 16,879 175,812 '775,035
30,340
127,846 5,751
74
l g4,8l830,4r4
545,170
I 58,1 86 5,751 194,892 575,584
s2r.307 22,630
70
370.704 1.3s0.619
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental - Special Revenue Funds
Year Ended April 30, 2012
Revenues
Taxes
Charges for Services
Grants and Donations
Interest
MiscellaneousTotal Revenues
Expenditures
Current
General Government
Recreation
Total Expenditures
Net Change in Fund Balances
Fund Balances - Beginning
Fund Balances - Ending
IllinoisMunicipalRetirement
s 99,826
520
100,347
26t,555
261,555
(161,208)
377,963
216.755
71
Special Revenue Funds
LiabilityInsurance Audit
NaturalHistory
Center and
Museum
Total
Nonmajor
Governmental
Funds
349,389 12,976 179,685
33,293
7,98r916
1,1 81
641,876
33,293
7,981
2,030
2,685s94
1,503
351,486 12,976 223,056 687,865
315,018 15,600 592,773
2t3,917213,917
3 15,01 8 15,600 2t3,9r7 906,090
36,468 (2,624) 9,139 (118,225)
693,809l2l,7l8 8,375 185,753
1 58.1 86 5.7 5t 194.892 s75.584
72
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
IllinoÍs Municipal Retirement - Special Revenue Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and ActualYear Ended April 30, 2012
Budgeted Amounts ActualAmountsOriginal Final
99,826
s20
1
100,500 100,500 100,347
300,000 300,000 261,555
(199,s00) 099.500) (161,208)
377,963
216,7s5
Revenues
Taxes
Property Taxes
Interest
MiscellaneousTotal Revenues
Expenditures
General Government
IMRF Participating
Net Change in Fund Balance
Fund Balance - Beginning
Fund Balance - Ending
$ 100,000
s00
100,000
s00
73
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Liability fnsurance - Special Revenue Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and ActualYear Ended April 30,2012
Original Final
Actual
Amounts
Budgeted Amounts
Revenues
Taxes
Property Taxes
Interest
Miscellaneous
Total Revenues
Expenditures
General Government
Salaries and Wages
Contractual Services
Commodities
Insurance
Other Expenditures
Total Expenditures
Net Change in Fund Balance
Fund Balance - Beginning
Fund Balance - Ending
$ 350,000
s00
3,500
350,000
s00
3,500
349,389
594
1,503
354,000 354,000 351,486
140,780
9,500
1,500
179,000
s00
139,880
6,000
1,500
183,400
s00
129,278
2,969
5s6
l82,lt5100
33t,280 337,280 315,018
22,720 22,720 36,468
l2l,718
1 58,1 86
74
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Liability Insurance - Special Revenue tr'und
Schedule of Expenditures - Budget and ActualYear Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
General Government
Salaries and Wages
Safety CoordinatorRisk Manager
Loss Prevention AwardPolice
$ 26,900
6,600
25,750
6,600
250
107,280
19,938
5,400
50
103,890107,280
140,780 139,880 129,278
Contractual Services
Education/Seminars
Physical Examinations
Commodities
Safety Coordinator Supplies
Insurance
InsurancelProperty
Insurance/Liability
InsuranceÆmployment Practice
Insurance/Pollution LiabilityWorker's Compensation
Deductible
Other Expenditures
Loss Prevention Program
179,000 183,400 182,115
s00 500 100
3,000
6,500
3,000
3,000
474
2,495
9,500 6,000 2,969
1,500 1.500 556
58,000
35,000
12,500
2,500
68,000
3,000
61,000
35,20012,500
2,500
69,200
3,000
60,986
35,r1212,493
2,105
69,149
2,270
Total Expenditures
75
331,280 331,280 315,018
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Audit - Special Revenue Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and ActualYear Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
Revenues
Taxes
Property Taxes
Expenditures
General Government
Audit
Net Change in Fund Balance
Fund Balance - Beginning
Fund Balance - Ending
$ 13,ooo 13,000 12,976
16,000 16,000 15,600
(3,000) (3,000) (2,624)
8,375
5.751
76
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Natural History Center and Museum - Special Revenue Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and ActualYear Ended April30' 2012
Budgeted Amounts Actual
AmountsFinal
$ 180,000 180,000 179,685
Original
Revenues
Taxes
Property Taxes
Charges for Services
Operations
Progtams
Grants and Donations
Interest
Miscellaneous
Total Revenues
Expenditures
Recreatiort
Programs
AdministrationCapital Outlay
Total Expenditures
Net Change in Fund Balance
Fund Balance - Beginning
Fund Balance - Ending
Merchandise
50
500
28,350
5,500
800
500
50
s00
28,350
5,500
800
500
27
193
33,073
7,981
9t6l8l
215,700 215,700 223,056
20,175
214,075
500
22,700
211,550
s00
16,865
197,052
234,750 234,750 213,917
(19,050) (t9,050) 9,139
194,892
77
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Natural History Center and Museum - Special Revenue Fund
Schedule of Expenditures - Budget and ActualYear Ended April 30, 2012
Original FinalActual
Amounts
Budgeted Amounts
Recreation
Programs
Salaries and Wages
Birthday Parties
Nature Programs
Brochure Programs
Nature Programs/Outside Groups
Palmer House Programs
Contractual Services
Palmer House Programs
CommoditiesBirthday Parties
Nature Programs
Brochure Programs
Palmer House Programs
Total Programs
Administration
Salaries and Wages
Superintendent of Parks
Intern
Nature Center ManagerPart-Time StaffNature Center Assistant
3,500
5,800
2,000
4,700475
3,500
6,800
2,000
4,7002,000
$
16,475 19,000
2,166
6,958
679
2,314704
13,821
I
250 2s0
800
1,500
300
8s0
800
1,500
300
8s0
510
1,558
976
3,450 3,450 3,044
20,175 22,700 16,865
9,700
3,600
40,300
30,000
31,400
9,700
40,300
36,000
31,400
9,649
40,334
39,665
31,256
78
I 15,000 117,400 120,904
CRYSTAL LAKE PARI( DISTRICT, ILLINOIS
Natural Historl Center and Museum - Special Revenue Fund
Schedule of Expenditures - Budget and Actual - ContinuedYear Ended April 30, 2012
Original FinalActual
AmountsBudgeted Amounts
Recreation - Continued
Administration - Continued
Contractual Services
BuildingÀ{ature Center
Scholarship
Gift Certificates Redeemed
Employee Discount
Garbage Disposal
ElectricityHeat
Water/Sewer
CommunicationSubscriptions
Dues
Education/Seminars
Unemployment Benefits
Postage
CommoditiesLand Improvement Materials
Naturalist's Supplies
Janitorial Supplies
Exhibits
AdvertisingOffice Supplies
Computer Software
Computer Hardware
Gift Shop
Uniforms
Animal CarelSupplies
Greenhouse Supplies
Sales Tax
s 2,500
50
50
100
2,200
9,300
4,900
500
2,100200
850
500
250
150
3,000
50
50
100
2,200
8,300
4,900
500
2,300
8s0
1,948
7,400
3,327
518
2,237
2,782
524
lt4250
150
22,650 22.650 18,850
1,500
2,000
1,100
2,000
500
700
1,000
1,000
s00
600
4,000
7,000
50
1,500
2,000
1,100
2,000
500
850
1,000
1,000
500
600
5,000
7,000
50
779
1,144
974
53
7s9
155
3l241
4,815
5,168
12
79
21,950 23. I 00 14,731
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Natural History Center and Museum - Special Revenue Fund
Schedule of Expenditures - Budget and Actual - ContinuedYear Ended April 30, 2012
Original FinalActual
Amounts
Budgeted Amounts
Recreation - ContinuedAdministration - Continued
Insurance
IMRF ParticipatingIMRF Non-ParticipatingInsurance/Health
Capital OutlayEquipment Purchase
Total Expenditures
Uncapitalized Improvements
BuildingÀtrature Center
GroundsÀ{ature Center
Grounds - Babington Memorial Garden
Miscellaneous Supplies
Donation/Projects
Other Expenditures
Traveling Expenditures
Cash Over/Short
Total Administration
3,ooo
2,000
300
s00
3,000
2,000
300
1,500
$ I1,000
11,000
21,000
11,000
11,000
19,425
12,276
10,306
17,549
43,000 41,425 40,13 I
5 s00
I1,300 6,800
1,085
677
1,277
3,039
150
25
150
25 (3)
175 175 (3)
214,075 211,550 t97,052
500 500
234,750 234,750 213,917
80
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Racket Club - Enterprise Fund
Schedule ofRevenues, Expenses and
Changes in Net Assets - Budget and ActualYear Ended April 30, 2012
Budgeted AmountsOriginal Final
ActualAmounts
Operating Revenues
Charges for Services
Operations
Merchandise
Programs
Total Operating Revenues
Operating Expenses
Progtams
Operations
Depreciation
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses)
Interest Income
Interest Expense
Change in Net Assets
Net Assets - Beginning
Net Assets - Ending
$ 1,842,600
13 1,300
33,500
1,842,600
13 1,300
33,500
7,194,754
137,413
24,313
2,007,400 2,007 .400 1.356,480
16,77 5
1,604,975
t6,7751,604,97 5
13,051
l,36g,02l96,062
1,621,7 50 1,621,7 50 1,477 ,134
3 85,650 385,650 (t20,654)
3,1 00
(16,300)3,1 00
( 16,300)
2,142(12,944)
( 13,200) 13,200)( (10,802)
372,450 372,450 (131,456)
2,552,500
2.421.044
8l
CRYSTAL LAKE PARK DISTRICT' ILLINOIS
Racket Club - EnterPrise Fund
Schedule of Operating Expenses - Budget and Actual
Year Ended April30,2012 .
Original Final
Actual
Amounts
Budgeted Amounts
Programs
Salaries and Wages
Summer Tennis
McHenry County Classic
Contractual Services
Summer Tennis
McHenry County Classic
CommoditiesSummer Tennis
McHenry County Classic
Total Programs
Operations
Salaries and Wages
Director
Business Manager
Superintendent of Parks
Offlrce StaffManager
Public Relations DirectorProfessional Salary
Bookkeeper
Grounds Supervisor
Assoc. Pro Lessons
Front Desk
Operations Assistant
Events/League Salaries
Maintenance Staff
Desk/Playroom SuPervisor
I 1,000
500
I 1,000
s00$ 8,495
I 1,500 1 1,500 8.49s
50
t2550
125 t22
175 t75 t22
2,100
3,000
2,100
3,000
1,907
2,527
5,1 00 5,1 00 4,434
16,77 5 16,77 5 13,051
12,000
10,000
9,70010,000
78, I 00
9,600
l3 8,000
8,700
2,600
1 15,000
50,000
8,000
3,000
74,500
39,600
12,000
10,000
9,700
10,000
78,100
9,600
140,000
8,700
2,600
I 15,000
50,000
8,000
3,000
70,000
39,600
r0,737
9,985
9,589
1 0,198
78,750
9,709
153,567
8,867
2,544
109,704
54,967
7,218
2,835
64,407
40,721
82
CRYSTAL LAKE PARK DISTRICT' ILLINOIS
Racket Club - EnterPrise Fund
schedule of operating Expenses - Budget and Actual - continued
Year Ended April 30,2012
Original Final
ActualAmounts
Budgeted Amounts
Operations - Continued
Salaries and Wages - Continued
Assistant Manager
Pro Shop Coordinator
Park Planner
Playroom Attendant
Racket Repair
Part-Time Maintenance
Tennis DirectorSenior Program Coordinator
Junior Program Coordinator
Adult League Coordinator
Human Resources
Police
$ 62,50024,300
8,900
4,600
11,000
11,000
60,400
1,700
500
I1,200
I 1,600
13,400
62,500
24,300
8,900
4,600
I1,000
17,000
60,400
3,000
500
10,000
I 1,600
13,400
63,766
26,323
8,814
4,342
12,284
17,439
5 8,83 5
2,556
tt78,864
I1,880
12,617
789,900 793,500 801,63 5
Contractual Services
Scholarship
Gift Certificates Redeemed
Employee Discount
Garbage Disposal
ElectricityHeat
CommunicationProfessional Services
Computer Programming ExPense
Cleaning Services
Maintenance Agreements
Office Equipment Lease
Security System
Legal Fees
Subscriptions
Dues
Equipment Rental
Education/Seminars
Laundry/Linen
50 5
27
50
100
1,600
78,000
16,000
9,000
6,500
20,000
1,500
11,000
4,000
3,500
1,000
50
2,800
200
300
1,500
100
1,750
70,000
16,000
9,000
500
10,000
1,500
I 1,100
6,000
4,000
1,735
64,865
13,963
9,340180
6,801
62s
11,380
6,043
3,825
50
2,800
200
300
1,500
2,679
l51,289
83
CRYSTAL LAKE PARK DISTRICT' ILLINOIS
Racket Club - EnterPrise Fund
schedule of operating Expenses - Budget and Actual - continued
Year Ended April30' 2012
Original Final
Actual
Amounts
Budgeted Amounts
Operations - Continued
Contractual Services - Continued
Miscellaneous
Miscellaneous Bank Charges
IT Service
Postage
Collection Fees
CommoditiesPlayroom Expense
First Aid/Safety
Advertising
Locker Room Supplies
Printing
Trophies
Supplies - Other
Supplies - Teaching and Courts
Offlrce Supplies
Office Equipment
Computer Software
Team Matches
Computer Hardware
Adult Event Expense
Parties
Senior Programs
Adult In-Club Leagues
Team Practice
Group Lessons
Junior Events
Outdoor ActivityJunior In-Club League
Tournaments
Computer Repair Parts
Paper Products
$ 500
12,000
4,000
10,000
100
500
15,750
4,000
10,000
100
36415,048
3,600
8,389
56
183,700 165,200 150,229
100
1,200
5,000
1,200
5,500
800
200
4,000
s00
1,200
1,800
1,200
200
100
200
1,400
50
3,500
800
50
800
1,000
300
2,500
100
1,700
5,000
1,200
4,000
1,300
200
4,000
s00
2,000
2,400200
100
200
1,400
50
3,500
800
50
800
1,000
300
3,000
1,616
4,700
891
2,804
1,671
58
1,803
3,404240
2,1422,378
70
27
5
1,583
3,177
434
24
890
176
84
3,344
CRYSTAL LAKE PARK DISTRICT' ILLINOIS
Racket Club - EnterPrise Fund
schedule of operating Expenses - Budget and Actual - continued
Year Ended April 30, 2012
Original Final
Actual
Amounts
Budgeted Amounts
Operations - Continued
Commodities - Continued
Vending - Coffee
Uniforms
$ 1,400
1,000
2,500
250
2,I45162
36,000 36,550 33,744
Insurance
IMRF Participating
IMRF Non-Participating
Insurance/PDRMA
InsuranceÆIealth
Unemployment Insurance
Uncapitalized Improvements
Building Repair - Contractual
Equipment Repair - Contractual
FurnitureÆixtures
Maintenance and Repair
Land Improvement
Building Repair
Preventive Maintenance
Tools
Equipment Repair
Janitorial Supplies
Lighting Supplies
New Maintenance EquiPment
Office Equipment Repair
Grounds Maintenance
55,000
60,000
24,000
103,000
s00
55,000
60,000
24,600
103,000
s00
60,643
62,104
24,524
97,196
242,500 243,100 244,467
700
1,500
700
I,500
7,576
650
1,3 80
2,200 2,200 9,606
9,000
239,000
300
600
700
1,200
1,800
600
250
2,000
I1,000
235,450
300
600
700
1,200
2,500
600
250
2,000
10,351
20,074
466
474
629
2,508
50
6
1,225
85
254,450 254,600 35,783
CRYSTAL LAKE PARK DISTRICT' ILLINOIS
Racket Ctub - EnterPrise Fund
schedule of operating Expenses - Budget and Actual - continued
Year Ended Aprit 30' 2012
Original Final
ActualAmounts
Budgeted Amounts
Operations - Continued
Pro Shop
Tennis Balls
Ladies ClothingMen's ClothingChildren's ClothingShoes
Rackets
T-Shirts/Sweatshirts
Tennis Bags
Miscellaneous Clothes
Accessories
Overwraps (Taxable)
Sales TaxRacket Repair SuPPlies
Other Expenses
Miscellaneous
Donations
MeetingsiConferences
Traveling Expense
Cash Over/Short
$ 7,200
16,000
2,000
1,200
9,500
11,000
500
1,000
2,000
1,700
1,800
6,000
9,500
7,20017,000
2,000
2,500
9,500
17,000
1,200
2,000
2,000
1,800
1,800
7,500
I 1,000
7,91417,535
2,236
2,273
15,296
18,366
898
1,578
2,134
1,492
1,373
7,212
11,188
69.400 82,500 99,495
2,200200
100
1,300
25
2,200
200
100
1,800
25
1,303
l4t
1,613
5
3,825 4,325 3,062
Debt Service
Principal Retirement
Interest and Fiscal Charges
420,000
16,300
420,000
16,300
355,000
72,944
436,300 436,300 367,944
Less Nonoperating Items
86
(436,300) (436,300) (367,944\
CRYSTAL LAKE PARK DISTRICT' ILLINOIS
Racket Club - EnterPrise Fund
schedule of operating Expenses - Budget and Actual - continued
Year Ended April 30, 2012
Original Final
ActualAmounts
Budgeted Amounts
Operations - Continued
Capital OutlayBuilding Improvement
Equipment
Depreciation
Total Operating ExPenses
Less Capital Assets Capitalized
Total Operations
23,000 23,000 195,962
(195,962',
23,000 23,000
r,604,97s 1,6 04,975 1,368,021
96,062
$ 10,000
13,000
10,000
13.000
I 86,1 87
9,775
I 1 750 62t 7 0 77 134I
87
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Golf Learning Center - Enterprise X'und
Schedule ofRevenues, Expenses and
Changes in Net Assets - Budget and ActualYear Ended April30, 2012
Original FinalActual
Amounts
Budgeted Amounts
Operating Revenues
Charges for Services
Operations
Merchandise
Total Operating Revenues
Operating Expenses
Operations
Depreciation
Total Operating Expenses
Operating Income (Loss)
Nonoperating (Expenses)
Interest Expense
Change in Net Assets
Net Assets - Beginning
Net Assets - Ending
$ 181,430
10,300
191,430
10,300
l16,l845,417
r9r,730 191,730 l2r,60l
116,685 116,685 90,102
38,669
I16,685 116,685 128,77 t
75,045
(4,630)
75,045
(4,630)
('t,t70)
(4,628)
70,4r5 70,415 (l1,798)
526,0r3
514,215
88
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Golf Learning Center - Enterprise Fund
Schedule of Operating Expenses - Budget and ActualYear Ended April 30, 2012
Budgeted AmountsOriginal Final
ActualAmounts
Operations
Salaries and Wages
Manager
Assistant Manager
Professional Lessons
Maintenance StaffRange AttendantMini Golf League
$ I 1,730
17,000
6,10011,900
9,70075
11,730
17,000
6,700
9,825
9,700
75
12,141
18,843
2,728
3,696
9,828
57,105 55,030 47,236
Conhactual Services
Senior Discount
Scholarship
Employee DiscountGarbage Disposal
ElectricityWater/Sewer
Communication
Coupons
Security System
Miscellaneous
Miscellaneous Bank Charges
Postage
Golf Swap
Commodities
Miscellaneous Concession Product
Land Improvement MaterialsMiscellaneous
Gas and Diesel Fuel
Janitorial Supplies
400
100
300
1,000
13,000
2s0
1,000
8,000
1,000
300
1,750
50
100
400
100
300
1,500
13,000
250
1,000
8,000
1,650
300
1,750
50
100
416
2t41,256
11,953
148
878
2,259
1,610
1,398
27,2s0 28,400 20,132
3,000
1,500
300
r00
50
3,000
1,500
300
100
50
3,354
89
t4t
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Golf Learning Center - Enterprise tr'und
Schedule of Operating Expenses - Budget and Actual - ContinuedYear Ended April30, 2012
Original FinalActual
Amounts
Budgeted Amounts
Operations - Continued
Commodities - ContinuedAdvertising
PrintingGolf BallsMini-GolfRegister Bank
Office Supplies
Uniforms
Seed
FertilizerSales Tax
Mini Golf League
$ 1,000
2503,000
750630
75
300
300
300
500
25
1,000
2s03,000
1,500
630
250
300
300
300
500
25
937
2,690
1,459
630
273
r74
78
412
U ncapitalized Improvements
Building Repair - Contractual
Facility Repair - Mini GolfGrounds
Maintenance and Repair
Building Repair
Grounds Maintenance
Equipment RepairEquipment Repair - Mini GolfFacility Repair - Mini Golf
Pro Shop
Club Repair Supplies
Sales Inventory
t2 080
1,750
1,000
2,000
l3,005 10,138
2,412
189
2,500
1,000
2,000
4,750 5,500 2,601
2,000
1,500
2,000
1,500
6,500
2,000
1,500
500
2,500
6,500
2,0002,009
505
2,319
2,15413,500 13,000 8,986
50
75050
1,000 911
90
800 1,050 911
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Golf Learning Center - Enterprise Fund
Schedule of Operating Expenses - Budget and Actual - ContinuedYear Ended April 30, 2012
Original FinalActual
Amounts
Budgeted Amounts
Operations - Continued
Other Expenses
Donations
Cash Over/Short
Debt Service
Principal Retirement
Interest and Fiscal Charges
Less Nonoperating ltems
Capital Outlay
Furniture/Fixtures
Equipment Purchase
Equipment
$
100 100
150
(r00)100 100 50
65,000
4,63065,000
4,63065,000
4,62969,630 69,630 69,628
(69,630) (69,630) (69,628)
200
400 6,67800 600 6,678
(6,630)
116,685 116,695 90,102
39,669
116,685 116,685 128,771
200
500
400
I
Less Capital Assets Capitalized
Total Operations
Depreciation
Total Operating Expenses
91
SUPPLEMENTAL SCHEDULES
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Schedule of Long-Term Debt Requirements
General Obligation Limited Bonds of 19984April30,2012
Date of Issue
Date of MaturityAuthorized Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
July 30, 1998
December 30,2072s1,800,000
$5,0004.7s% - 6.t2s%June 30 and December 30
December 30
The Depository Trust Company
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due onFiscalYear Principal Interest Totals Jun. 30 Amount Dec.30 Amount
2013
92
cRysrAL LAKE PARr( DTSTRTCT, TLLTNOTS
Schedule of Long-Term Debt Requirements
General Obligation (Alternate Revenue Source) Bonds of 20068April30,2012
Date of Issue
Date of MaturþAuthorized Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
October 1,2006December 30,2015$1,500,000
$5,0003.60% -3.7s%June 30 and December 30
December 30
The Depository Trust Company
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due onFiscalYear Principal Interest Totals Jun.30 Amount Dec.30 Amount
20132014201520r6
$ 225,000
250,000
275,000300,000
39,000
30,675
21,4251r.250
264,000280,675
296,425311.250
20t220t320142015
19,500
15,33 8
10,773
5,625
51,176
19,500
t5,33710,712
5,625
_51_.174
20122013
20142015
1.0s0.000 t02.3s0
93
CRYSTAL LAKE PARK DISTRTCT, TLLTNOTS
Schedule of Long-Term Debt Requirements
General Obligation (Alternate Revenue Source) Bonds of 20088April30,2012
Date of Issue
Date of MaturityAuthorized Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
October 2,2008December 30,2019$1,500,000
$5,0003.50% - 4.25%June 30 and December 30
December 30
The Depository Trust Company
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due onFiscalYear Principal Interest Totals Jun. 30 Amount Dec.30 Amount
2013
2014201520r620t7201 I20192020
$ 120,000
135,000
145,000
l5 5,000
165,000
175,000
200,000
300,000
28,843
26,744
24,04421,14417,850
14,344
10,625
6,375
28,84426,744
24,04421,14417,850
14,344
10,625
6,375
57,687
53,488
48,088
42,28835,700
28,688
21,250t2.750
177,687
188,488
193,088
197,288
200,700203,688
221,2503t2,750
20122013
201420r5201620t7201 8
20t9
201220t320142015
20162017
2018
2019
r,395.000 299.939 1.694,939 _r49969 149.970
94
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Schedule of Long-Term Debt Requirements
General Obligation Limited Tax Refunding Park Bonds of 20094April30,2012
Date of Issue
Date of MaturityAuthorized Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
April3,2009December 30,2016$1,645,000
$5,0002.20% -3.25%June 30 and December 30
December 30
The Depository Trust Company
CURRENT AND FUTURE PRINCIPAL AI\D INTEREST REQUIREMENTS
Requirements Interest Due onFiscalYear Principal Interest Totals Jun.30 Amount Dec.30 Amount
2013
20t420t520162017
$ 190,000
275,000320,000
365,000
380,000
46,243
42,06233,81224,212
r2.3s0
236,243
317,062353,812389,272392.350
23,122
21,031
16,906
12,106
6,175
J2340
23,121
21,031
16,906
12,106
6,175
79.339
201220t3201420r52016
2012201320t42015
2016
1.530,000 1s8,679 1,688,679
95
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Schedule of Long-Term Debt Requirements
General Obligation (Alternate Revenue Source) Bonds of 20104April30,2012
Date of Issue
Date of MaturityAuthorized Issue
Denomination of Bonds
Interest Rates
Interest Dates
Principal Maturity Date
Payable at
November 15,2010December 15,2020$1,500,000
$5,ooo0.80% -2.80%June 15 and December 15
December 15
The Depository Trust Company
CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due onFiscalYear Principal Interest Totals Jun. 15 Amount Dec. 15 Amount
2013
201420t520r62017
201 I20t92020202r
$ 140,000
140,000
140,000
145,000
150,000
155,000
160,000
165,000
170,000
12,968
12,338
11,568
10,558
9,4988,073
6,445
4,5252,390
12,967
12,337
11,567
10,657
9,497
8,072
6,445
4,525
78.447
25,93524,675
23,1352r,21518,995
16,145
12,890
9,050
4.760
165,935
164,675
163,135
166,215
168,995
t7t,t45172,890
174,050
174,760
201220r32014201520r62017
201 8
201 8
20t9
2012201320142015
20162017
201 8
201 8
2019 2,380
1,365.000 156.800 J33s3
96
CRYSTAL LAKE PARr( DTSTRTCT, ILLINOIS
Schedule of Long-Term Debt Requirements
General Obligation Limited Tax Park Bonds of 2011
April30,2012
Date of Issue
Date of MaturþAuthorized Issue
Denomination of Bonds
Interest Rates
Interest Date
Principal Maturity Date
Payable at
December l,20IlOctober 75,2012$594,3 15
s5,0002.00%October 15
October 15
The Bank of New York Mellon Trust Company, NA
Requirements
Interest Totals
CURRENT AND FUTI]RE PRINCIPAL AND INTEREST REQUIREMENTS
FiscalYear Principal
2013 $ 594.315 0^368 604.683
97
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Schedule of Long-Term Debt Requirements
Debt Certificates of 2003April30,2012
Date of Issue
Date of MaturityAuthorized Issue
Denomination of BondsInterest Rates
lnterest DatesPrincipal Maturity DatePayable at
July 1, 2003
December 30,2012$590,000$5,0001.20% -3.50%June 30 and December 30December 30
Home State Bank NA, Crystal Lake, IL
CURRENT AND F'UTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due onFiscalYear Principal Interest Totals Jun. 30 Amount Dec. 30 Amount
2013 S 70.000 2.450 72.450 2012 J_Ø_ 2012 J_22s
98
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Schedule of Long-Term Debt Requirements
Debt Certificates of 20044April30,2012
Date of Issue
Date of MaturityAuthorized Issue
Denomination of BondsInterest Rates
Interest Dates
Principal Maturity DatePayable at
October 1,2004December 30,2023$1,500,000
$5,0003.375% - 4.45%June 30 and December 30December 30
The Depository Trust Company
CT]RRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due onFiscalYear Principal Interest Totals Jun.30 Amount Dec.30 Amount
20t320t420t520162017
2018
201920202021
2022
2023
2024
20122013
20142015
20162017
2018
201920202021
2022
2023
201220t320142015201620t72018
201920202021
2022
2023
$ 90,000
90,000
95,000
100,000
105,000
105,000
110,000
115,000
120,000
130,000
135,000
140,000
53,342
50,238
47,13243,760
40,060
36,07031,976
27,52022,86217,762
72,238
6,230
143,342
140,238
142,732
143,760
145,060
141,070
141,976
142,520
142,862
147,762
147,238
146,230
26,67125,r1923,56621,880
20,03018,035
15,988
13,760
ll,43l8,881
6,1193,1 15
26,671
25,119
23,56621,990
20,030
18,03 5
15,988
13,760
ll,43l8,881
6,119
3,1 l5
1.33s.000 389.190 t.724.190 194.595 194.595
99
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Schedule of Long-Term Debt Requirements
Debt Certifrcates of 2011
Aprit 30,2012
Date of Issue
Date of MaturityAuthorized Issue
Denomination of Bonds
Interest Rate
Interest Dates
Principal Maturity Date
Payable at
September l5,20llDecember 15,2018
$505,000$1,0001.2s% -2.80%June 15 and December 15
December 15
Crystal Lake Bank and Trust
CURRENT AI\D FUTURE PRINCIPAL AND INTEREST REQUIREMENTS
Requirements Interest Due onFiscal
Year Principal lnterest Totals Jun. 15 Amount Dec. 15 Amount
2013
20t420t520t62017
2018
20t9
78,333
79,042
79,09678,960
78,628
79,060
80,1 84
20122013
20142015
20162017
201 8
20122013
20142015
20162017
2018
$ 66,000
70,000
71,000
72,00073,000
75,000
78,000
12,333
9,0428,096
6,9605,6284,0602,194
7,4004,521
4,0483,480
2,9142,0301,092
4,933
4,521
4,0483,480
2,8142,0301,092
505.000 48.303 553.303 _2s,_M_ J2Æ_
100
STATISTICAL SECTION(Unaudited)
This part of the comprehensive annual financial report presents detailed information as a contextfor understanding what the information in the financial statements, note disclosures, and requiredsupplementary information says about the District's overall financial health.
Financial Trends
These schedules contain trend information to help the reader understand how the District'sfinancial performance and well-being have changed over time.
Revenue Capacity
These schedules contain information to help the reader assess the District's most significant localrevenue sources.
Debt Capacity
These schedules present information to help the reader assess the affordability of the District'scurrent levels of outstanding debt and the District's ability to issue additional debt in the future.
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand theenvironment within which the District's financial activities take place.
Operating Information
These schedules contain service and infrastructure data to help the reader understand how theinformation in the District's financial report relates to the services the District provides and theactivities it performs.
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Net Assets by Component - Last Eight Fiscal Years*April 30, 2012 (Unaudited)
See Following Page
CRYSTAL LAKE PARI( DISTRICT, ILLINOIS
Net Assets by Component - Last Eight Fiscal Years*
Äpril 30, 2012 (Unaudited)
2005 2006
Governmental ActivitiesInvested in Capital Assets - Net of Related Debt
Restricted
Unrestricted
s 18,265,294
9,044,130
19,535,868
9,0g6,3 l g
Total Governmental Activities Net Assets
Business-Type ActivitiesInvested in Capital Assets - Net of Related Debt
Restricted
Unrestricted
Total Business-Type Activities Net Assets
Primary Government
Invested in capital assets - net ofrelated debt
Restricted
Unrestricted
Total Primary Government Net Assets
* Accrual Basis of AccountingThe District implemented GASB Statement No. 34 for the year ended 2005
Data Source: District Records
27.309,424 28,622,186
2,4gg,69l
427,389
2,595,707
456,093
2.916,080 3.051.800
20,753,985 22,131,575
9.542.41t9,471,519
30,225,504 31,673,986
101
2007 2008 2009 2010 20rl 2012
19,989,252 20,234,285 20,056,986
1,433,611
3,486,677
27,042,951
2,537,889
2,57t,898
22,183,294
3,242,786r,676,453
22,142,1121,877,218
3,865.1 8810,995,252 10,916,883
29,994,504 31,151,168 24,977,274 26,152,738 27,102,533 27,884,518
2,599,940 2,770,583 2,810,029 2,689,356 2,747,375 2,730,236
573,089 516,062 506,413 5 54,819 33 1,1 38 205,023
3.173.029 3.286.64s 3.316,442 3.244.17s 3.078.s l 3 2.93s-259
21,589,192 23,004,868
11,568,341 11,432,945
22,867,015
1,433,611
3,993,090
23,732,307
2,537,999
3,126,717
24,930,669
3,242,7862,007,591
24,873,348
1,877,218
4,070,211
33. l 57.s33 34,437,813 28,293,7t6 29.396.913 30.181.046 30.820.777
102
CRYSTAL LAKE PARI( DISTRICT, ILLINOIS
Changes in Net Assets - Last Eight Fiscal Years*April 30, 2Ol2 (Unaudited)
Expenses
Governmental ActivitiesGeneral GovemmentRecreation
Interest on Long-Term DebtTotal Governmental Activities Expenses
Business-Type ActivitiesRacket ClubGolf Leaming Center
Total Business-Type Activities Expenses
Total Primary Govemment Expenses
Program Revenues
Govemmental ActivitiesCharges for Services
General GovemmentRecreation
Capital Grants/ContributionsTotal Govemmental Activities Program Revenues
Business-Type ActivitiesCharges for Services
Racket ClubGolf Learning Center
Capital Grants/ContributionsTotal Business-Type Activities Program
2005
s 1,901,597
3,677,415274,812
1,309,047'))a ?))
497,033
2,439,02926s.829
1,390,543
241,074
2006
3,776,8093,789,904
426.749
1,337,657229,894
578,138
2,565,325206.575
1,463,501
239,770
2007
4,102,9344,138,586
381.400
1,467,513
207,559
562,6442,774,456
241.944
1,590,185206,116
4,058,474
4,428,112536.248
1,482,758
223,465
618,720
2,763,540201.024
1,567,174220,542
5,870,4454,728,557
353.566
1,499,775
213,025
1,084,862
2,595,432
94.028
1,496,653230,457
4,723,3183,622,103
329.747
1,507,844171.542
495,088
2,363,719363.013
1,422,136
178,3481,559
4,994,562
3,582,343
283.997
1,479,582t47.0t4
558,283
2343,77928.979
1,312,365
146,034
4,ggl,0g33,532,614
244.58t
1,490,078
133.399
560,038
2,268,55149.538
1,356,480
l2t,60l
2008 2009 2010 20TT 2012
5.853.824 7.993.462 8.622.920 9.022.834 10.952.s68 8.67s.168 8.760.902 8.668.278
1,534,369 1,567,551 1,675,072 1,706,223 1,712,800 1,679,386 1,626.596 t.623,477
7.388.193 9.561.013 tO-297-992 t0-729-0s7 r2.66s.368 t0-3s4-ss4 10.387.498 t0.291.7ss
3.200.891 3.350.038 3.s79.044 3.s83.284 3.774.322 3.221.820 2.931.040 2.878.127
Revenues 1,621,617 1,703,271 1.796.301 1.787.716 1.727.110 1.602.042 1.458.399 1.478.081
4-822-508 5-053.309 5-375-345 5.371-000 5-501-432 4.823-862 4.389.439 4-356-208Total Primary Govemment Program Revenues
103
2005
$ (2,652,933)87,248
4,773,33450,367
125,010
2,295,'778
87,248
2006
(4,643,424)t35,720
5,658,041
64,ggl233,157
1,312,765
135,720
2007
(5,043,876)t21,229
6,000,74070,619
334,835
1,362,319
12t,229
2008
(5,439,550)8r,493
6,227,472
80,542
298,199
1,166,663
t13,6t6
(7,178,246)14.310
6,549,92673,747
155,518
(399,055)29,797
(5,453,348)(77.344\
6,517,399
65,277
40,940
5.196
1,175,464(72.267)
(5,829,862)(l68.197)
(5,790,151)(14s.396)
6,469,36965,456
25,45213.860
782,985
Q43,2s4)
2009 2010 20tl 20t2
Net (Expense) RevenueGovernmental ActivitiesBusiness-Type Activities
Total Primary Government Net (Expense) Revenue
General Revenues and Other Changes in Net AssetsGovemmental Activities
Taxes
PropeftyReplacement
InterestMiscellaneous
Total Governmental Activities
Business-Type ActivitiesInterest
Total Primary Govemment
Changes in Net AssetsGovernmental ActivitiesBusiness-Type Activities
12.565-685) ø-507 -704\ (4-922_647\ 15-358-057) (7 -16?-936\ ls-s30-6921 ls-998-0s9) (5 gis s47\
6,595,12172,55927,64984,328
4,948,711 5,956,189 6,406,194 6,606,213 6,779,191 6,628,812 6,779,657 6,573,136
32,123 15.487 5.077 2.535 2.142
4.948.71l 5.956.189 6.406.194 6.638.336 6.794.678 6.633.889 6.782.192 6.s7s.278
949,795(165,662\
Total Primary Government
* Accrual Basis of AccountingThe District implemented GASB Statement No. 34 for the year ended 2005
Data Source: District Records
2.383.026 1.448.48s 1.483.s47 1.280.279 ß69.25Ð 1.103.197 784.133 639.731
104
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Fund Balances of Governmental Funds - Last Ten Fiscal Years*
April 30, 2012 (Unaudited)
General Fund
Reserved
Unreserved
Nonspendable
Unassigned
Total General Fund
All Other Governmental Funds
Reserved
Unreserved, Reported in,
Special Revenue Funds
Debt Service Funds
Capital Projects Funds
Nonspendable
Restricted
Committed
Assigned
Total All Other Governmental Funds
2003 2004 2005
t,350,728 1,577,828 2,035,424
1.350,728 1,577.828 2.03s.424
$
18,526
7,6541,665,649
23,859
9,419
615,974
260,378
18,199
1,371,471
r.691.829 649.252 1.650.048
* Modified Accrual Basis of Accounting
Data Source: District Records
The District implemented GASB Statement No. 54 for the yeat ended2012.
105
2006 2007 2008 2009 20t0 20tt 2012
14,973
2,095,8497,036
1,849,7492,422,223 2,876,540 3,031,516 2,813,810
7,977
2,l2g,3gg2,422,223 2,876,540 3,031,516 2,813,810 2,110,922 1,956,795 2,136,316
2,608,428 3,291,749
698,993
18,975
318,017
1,059,287
52,074
1,035,585
1,404,904
47,405
361,450
7,433,61r
102,040
864,404 ,13 I677,046 1,563
48,228
l,g16,4g61,464,637
1,212,507
1,035,995 2,146,946 1,813,759 2,400,055 3,285,474 4,944,979 4,641,969
106
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Changes in X'und Balances of Governmental Funds - Last Ten Fiscal Years*
April 30, 2012 (Unaudited)
2003 2004 2005
Revenues
Taxes
Charges for Services
IntergovernmentalGrants and Donations
Interest
MiscellaneousTotal Revenues
Expenditures
General Government
Recreation
Capital OutlayDebt Service
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses)
Debt Issuance
Discount on Debt Issuance
Payment to Escrow Agent
Transfers [nTransfers Out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Debt Service as a Percentage
of Noncapital Expenditures
* Modified Accrual Basis of Accounting
Data Source: District Record
7,757,219 7,854,195 8.461.4s4
$ 4,307,774
3,027,297
311,624
I 10,534
4,595,677
2,947,095
220,438100,985
5,1 35,553
2,935,062
265,829
125,010
4,620,839
1,900,529
1,179,924
2,662,447
4,225,654
2,114,9001,249,097
1,465,855
4,218,159
2,072,554
860,386
l,3gg,g2o
418,ll470,363,739 9,055,496 8,968,133
(2,606,520) (1,201,301) (506,679)
3,297,205 392,490 l,g7g,24o(l4,t7t)
25,000
(3t,666)3,297,205 38s.824 1.965.069
690,685 (815,477',) 1,458,390
t07
2899% 18.78% 22.12%
2006 2007 2008 2009 2010 20tt 2012
5,453,580
3,143,463
206,575
233,157
5,727,703
3,337,100
241,944
334,835
6,090,5293,342,395
38,745
20t,024298,199
1,120
6,300,641
3,230,933
411,820
94,028155,518
37,541
6,582,676
2,858,807
167,t00195,913
40,940
5,196
6,667,6802,902,061
19,500
9,479
27,64984,328
6,533,924
2,g2g,5gg
11,250
38,288
25,452
13,860
9,036,775 9,641,582 9,972,012 10,230.481 9.8s0,632 9,710,697 9,451,263
4,525,096
2,059,219
1,279,435
4,944,252
2,224,823
991,317
5,3r4,7332,363,901
997,660
6,205,700
2,319,817
1,133,847
1,923,625
375,78r
4,615,619
2,770,110
792,109
1,5 5 I ,880342,304
4,777,157
2,959,866
886,894
1,493,820
285,612
4,779,697
2,686,422
817,630
l,4og,02o
277,3051,429,599
436,932
1,525,491
411,476
1,499,300
428,354
9,730,281 10,097,359 10,603,848 11,858.770 r0,072,02t 10.403,349 9,969,058
(693,506) (455,777) (631,836) (1,628.289) Q21.38Ð (692.6s2\ (sr7.79s\
466,245 2,021,055 453,625 3,521,880 403,820 1,998,020
(1,525,000)
73,995(73,995\
190,350
( 190,3 50)
594,315
419,700(4t9,700)
466,245 2,021,055 453,625 1,996,880 403,820 1,998,020 594,315
Q27.26t\ 1.565,278 (178,211) 368.591 182.431 1.30s.368 76,520
21.07%2r.49% 20.65% 19.97%
108
20.10% t9.15% 18.26%
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Assessed Value and Actual Value of Taxable Property - Last Ten Fiscal Years
April 30, 2012 (Unaudited)
FiscalYear
Ended
April30
TaxLevyYear
ResidentialPropeúy Farm
Commercial
Property
2003 2002
2004 2003
2005 2004
2006 2005
2007 2006
2008 2007
2009 2008
20t0 2009
20tl 20t0
2012 20tl
Data Source: Ofhce of the County Clerk
$ 921,834,354 s 3,951,207
r,021,530,426 3,776,604
1,105,721,087 3,817,454
1,225,493,482 3,718,329
1,313,710,430 4,220,906
1,474,397,423 4,216,855
1,459,023,370 4,349,179
1,443,682,234 4,477,299
1,306,869,030 4,206,409
1,223,204,166 3,969,544
$ 23 5,191,381
249,633,r44
265,831,930
278,739,359
296,835,130
307,984,578
336,545,523
333,782,787
320,534,578
282,240,200
109
IndustrialProperty Mineral
State
Railroad
TotalTaxable
Assessed
Value
TotalDirect Tax
Rate
s 66,243,317 $
72,490,152
76,965,738
82,133,975
85,070,362
88,654,861
92,98r,485
93,307,514
90,318,928
80,393,428
s 617,399 g t,227,837,658
664,793 1,348,591,134
744,935 1,453,728,852
702,423 1,591,980,933
742,878 7,701,610,477
1,088,3 84 1,817,552,551
831,262 1,894,688,194
995,786 1,877,192,627
1,237,880 1,724,113,831
1,313,207 1,592,404,542
496,015
647,708
1,193,365
1,030,771
l,2lo,45o
957,435
947,007
947,007
1,294,997
0.3702
0.3771
0.3714
0.3s62
0.3s36
0.3431
0.3463
0.3519
0.3758
0.4t36
110
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years
April 30, 2012 (Unaudited)
2003 2004 2005
District Direct Rates
General
Bonds and Interest
Bond 19984Bond 20094Bond 2010
Bond 201 IIMRFAuditLiability Insurance
Natural HistoryRecreation
Special Recreation
Additional Corp
Total Direct Rates
Overlapping Rates
McHenry CountyMcHenry County Conservation DistrictAlgonquin Twp.
City of Crystal Lake
School District #47
School District #155
Community College #528
Total Direct and Overlapping Rates
Data Source: Office of the County Clerk
Note: Rates are per $100 of Assessed Value
0. r 000
0.0761
0.0280
0.0007
0.0202
0.0200
0.0750
0.0152
0.0350
0.1000
0.0693
0.0320
0.0008
0.0198
0.0197
0.0750
0.0255
0.0350
0. I 000
0.0642
0.0304
0.0006
0.0188
0.0136
0.0750
0.0338
0.0350
0.3702
0.672s
0.1734
0.1914
0.7328
3.12642.089s
0.32s3
0.3771
0.7153
0.t6630. l 833
0.7953
2.9933
2.0433
0.3130
0.37t4
0.7346
0.1 580
0. l 768
0.8822
2.8927
1.9780
0.3033
7.6815 7.5869 7.4970
lll
2006 2007 2008 2009 2010 2011 20t2
0.1000
0.0588
0.02520.0006
0.0175
0.0095
0.0750
0.0346
0.0350
0.1000
0.0550
0.0903
0.0514
0.0279
0.0006
0.0093
0.0094
0.0784
0.0400
0.0358
0.07920.0492
0.0306
0.000s
0.013 7
0.01l90.0971
0.0400
0.2420
0.07990.0498
0.0298
0.0008
0.0160
0.0107
0.0978
0.0400
0.0277
0.0870
0.02160.0048
0.0292
0.0058
0.0008
0.0203
0.0104
0.0928
0.0261
0.0771
0.0942
0.0082
0.0148
0.0380
0.01260.001l0.02200.0107
0.0895
0.0283
0.0943
0.02700.0006
0.0160
0.0080
0.0720
0.0400
0.0350
0.3562
0.7278
0.1490
0.1704
0.9272
2.7747
1.9023
0.2922
0.7060
0.1425
0.t6770.97352.7302
1.8697
0.2741
0.6871
0. l 738
0.1634
0.98292.6596
1.8213
0.2634
0.7014
0.t7320.1674
0.9794
2.6068
1.8648
0.2686
0.3s 19
0.7r570.1775
0.t7031.0143
2.7285
1.90s4
0.2740
0.37s8
0.7927
0.1956
0.1847
1,0720
3.10752.0347
0.3039
0.4136
0.8879
0.2191
0.2t09t.2061
3.4334
2.2979
0.3395
0.3536 0.3431 0.3463
7.2998 7.2t73 7.0946 7.t079 7.3376 8.0669 9.0084
lt2
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Principal Property Tax Payers - Current Year and Ten Years Ago
April 30, 2012 (Unaudited)
20ll Levy 2001 Lew
Taxpayer
TaxableAssessed
Value
Percentage
of TotalDistrictTaxable
Assessed
Rank Value
TaxableAssessed
Value
Percentage
of Total DistrictTaxable
Assessed
ValueRank
Inland Crystal Point LLCBradley Crystal Lake Centro
Cobalt Industrial ReitTyco Healthcare GroupWal-MartSkyridge Partners LP
Sunrise IV Crystal Lake SL LLCInland Bohl Farm LLCSþridge Partners LLCNorthern Illinois Medical Center
Crystal Point Center
Centerpoint Venture LLCFountains Crystal Lake LP
Randall Hill LLCBarlington Apartments LLCRFS Financing Partnership LP
$ 9,299,462
8,702,072
6,557,411
5,021,0825,272,1084,683,242
4,34g,lll4,155,348
4,195,404
3,825,371
050%0.46%
0.35%
0.27%
0.28%0.25%
023%0.22%
0.22%
0.20%
5,703,355
5,359,9848,5 78,901
7,123,846
5,801,040
5,429,986
5,095,490
4,403,677
4,219,705
0.42%
0.40%
0.64%
053%0.43%
0.40%0.38%
0.33%
031%
I
2
J
4
5
6
7
8
9
l0
$
8,291,010 2 0.61%
5
7
I
J
4
6
8
9
l0
56,058,551 299% 60,005,994 4.45%
Data Source: Park District Official Statement
Note: Data from nine years ago was unavailable and data shown above is from closest year available.
113
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Property Tax Levies and Collections - Last Ten Fiscal Years
April 30, 2012 (Unaudited)
Fiscal
Year
Ended
April30
Taxes
Levied forthe Fiscal
Year AmountPercentage
ofLew
Collectionsin
Subsequent
Years AmountPercentage
ofLew
Collected within the
Fiscal Year of the Levy Total Collections to DateTaxLevyYear
2003 2002 s 4,545,461 $ 4,541,480 99.91% $
2004 2003 5,085,541 5,085,185 99.99%
2005 2004 5,399,154 5,388,581 99.80%
2006 2005 5,670,640 5,657,084 99.76%
2007 2006 6,015,896 6,009,984 99.90%
2008 2007 6,236,022 6,226,894 99.85%
2009 2008 6,561,495 6,517,398 99.33%
20t0 2009 6,605,916 6,595,123 99.84%
20ll 2010 6,479,582 6,468,419 99.83%
2012 20rl 6,585,007 0.00%
Data Source: Office of the County Clerk
Taxes levied for 201 1 will not be collected until fiscal year 2013.
$ 4,541,480 9991%
5,085,185 99.99%
5,388,581 99.80%
5,657,084 99.76%
6,009,984 99.90%
6,226,894 99.85%
6,517,398 99.33%
6,595,123 99.84%
6,468,419 99.83%
0.00%
tl4
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Ratios of Outstanding Debt By Type - Last Ten Fiscal Years
Äpril 30, 2012 (Unaudited)
Governmental Activities
FiscalYear
General
ObligationBonds
AlternateRevenue
Source Bonds
DebtCertificates
InstallmentContracts
2003 s 5,847,205 $ 2,050,000
2004 5,317,490 l,g25,ooo 1,400,000
2005 4,964,240 1,575,000 1,290,000
2006 4,396,245 1,300,000 1,190,000
2007 3,981,055 2,500,000 1,000,000
2008 3,553,625 2,175,000 815,000
2009 3,296,ggo 3,350,000 545,000
2010 2,878,820 3,ooo,ooo 1,745,000
20lt 2,538,020 4,25o,ooo 1,420,000
2012 2,249,315 3,910,000 1,33 5,000
Note: Details regarding the Park District's outstanding debt can be found in the notes to the
financial statements.
(l) See the Schedule of Demographic and Economic Statistics for personal income and population data.
$ 1,400,000 $ 1,065,ooo
990,000
2,405,000
2,375,000
2,225,000
2,13 5,000
1,660,000
80,000
115
Business-Type
Activities
Debt
Certificates
TotalPrimary
Government
Percentage
ofPersonal
Income (1)Per
Capita (l)
$
540,000
485,000
1,090,000
970,000
860,000
740,000
620,000
490,000
575,000
s 10,362,205
10,072,490
10,619,240
10,27r,245
10,676,055
9,538,625
9,591,880
9,323,920
g,69g,o2o
7,969,315
0.78%
0.76%
0.80%
0.67%
0.70%
0.62%
0.s4%
051%
0.54%
0.49%
$ r,219.23
1,149.57
1,211.97
1,172.25
1,218.45
1,088.64
1,094.71
949.99
992.70
909,53
ll6
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years
April 30, 2012 (Unaudited)
FiscalYear
General
ObligationBonds
Less: Amounts
Available inDebt Service
Fund
Percentage ofTotal Taxable
Assessed
Value ofProperty (l)
Per
Capita (2)Total
2003 s 5,847,205 $ 7,654 $ 5,839,551 0.48% $ 116.79
2004 5,317,490 9,420 5,308,070 0.39%
2005 4,864,240 I 8,199 4,846,041 0.33%
2006 4,396,245 18,975 4,377,270 0.27%
2007 3,981,055 52,074 3,g2g,ggl 0.23%
2008 3,553,625 47,405 3,506,220 0.19%
2009 3,296,880 102,040 3,194,840 0.17%
2010 2,g7g,g2o 70,539 2,808,281 0.15%
20tt 2,538,020 38,962 2,499,058 0.14%
2012 2,249,315 39,278 2,210,037 0.14%
Note: Details regarding the Park District's outstanding debt can be found in the notes to the
financial statements.
(1) See the Schedule of Assessed Value and Actual Value of Taxable Properly for property value data.
(2) See the Schedule of Demographic and Economic Statistics for population data.
106.16
96.92
75.47
67.74
60.4s
55.08
48.42
43.09
38.10
tt7
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Schedule of Direct and Overlapping Governmental Activities Debt
April 30, 2012 (Unaudited)
Governmental Unit Gross Debt
Percentage ofDebt
Applicable toPark District (1)
Park District's
Share ofDebt
Park District
Overlapping Debt
City of Crystal Lake
High School District #155
Unit School District #158
Unit School District #200
Unit School District #300
School District #47
School District #46
Community College #509
McHenry County Conservation District
Village of Lakewood
Village of Lake in the Hills
Algonquin Library District
Total Overlapping Debt
Total Direct and Overlapping Debt
$ 2,249,315 100.000% s 2.249,315
24,540,000
5,247,699
59,223,737
731,617,940
302,602,089
25,520,000
6,209,792
161,667,482
137,970,000
13,325,000
7,595,000
4.875,000
97.540%
52.410%
0.370%
0.030%
0.210%
79A80%
8.510%
0.060%
18.030%
99.340%
2.690%
1.530%
23,936,316
2,750,319
279,128
39,485
635,464
20,283,296
528,453
97,000
24,875,991
13,237,055
204,306
74,588
875,518,739 86,881,401
877.768.0s4 89.130.716
Data Source: Crystal Lake Park District Official Statement
(1) Determined by ratio of assessed valuation of properly subject to taxation in the District to
valuation ofproperty subject to taxation in overlapping unit.
118
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Legal Debt Margin - Last Ten Fiscal Years
April 30, 2012 (Unaudited)
Equalized Assessed Valuation
Bonded Debt Limit -
2.875% of Assessed Value
Amount of Debt Applicable to Limit
Legal Debt Margin
Percentage of Legal Debt Margin
to 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 Margin
to Bonded Debt Limit
Data Source: District Records
2003 2004 2005 2006
s 1.227.837.658 1.348.591.134 1.453.728.852 t.591.980.933
35,300,333 38,771,995 41,794,704 45,769,452
7,910,000 7,855,000 8,565,000 8.505,000
27.390.333 30,916,995 33.229.704 37.264.4s2
77.59% 79.74% 79.51% 81.42%
7,060,067 7,754,399 8,358,941 9,153,890
5,445,000 4,925,000 4,385,000 3.930,000
1.615.067 2.829.399 3.973.941 5.223.890
22.88% 36.49% 47.54% 57.07%
119
2007 2008 2009 2010 20rt 2012
1,7t3,082,046 1,830,647.035 1.894,688.194 1,877,192,627 1,724.tr3.831 t.594.r58.747
49,251,109 52,631,102 54,472,286 53,969,288 49,568,273 45,832,064
7,6ss,000 6,050,000 5,865,000 4,920,000 3,9s0,000 4,159,315
41.596,109 46,5 81.102 48,607.286 49.049,288 45.6t8.273 41.672.749
84.46% 88.s0% 89.23% 90.88% 92.03% 9090%
9,850,222 10,526,220 10,894,457 10,793,858 9,973,655 9,166,413
0 2,249,31s3,460,000 J, 100,000 2,920,000 2,475,000
6.390.222 7,426,220 7,974,457 8.318.858 7.873.655 6.917.098
64.87% 70.55% 73.20% 77.07% 79.42% 7s.46%
t20
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Demographic and Economic Statistics - Last Ten Fiscal Years
April 30, 2012 (Unaudited)
FiscalYear
(l)Population
(2)
Personal
Income
(2)
Per
CapitaPersonal
Income
(3)
UnemploymentRate
2003 50,000
2004 50,000
2005 50,000
2006 58,000
2007 58,000
2008 58,000
2009 58,000
2010 58,000
20tl 58,000
20t2 58,000
Data Sources:
(l) Park District Official Statement
(2)CiIy of Crystal Lake CAFR(3) rDES
$ 1,323,800,000
1,323,800,000
1,323,800,000
1,535,608,000
1,535,608,000
1,53 5,608,000
1,785,066,000
1,620,520,000
r,620,520,000
1,620,520,000
I 26,476
26,476
26,476
26,476
26,476
26,476
30,777
27,940
27,940
27,940
6.50%
4.60%
530%
4.60%
4.r0%
4.90%
9.600/o
r0.30%
8.30%
8.20%
t2t
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Principat Employers - Current Year and Nine Years Ago
April 30, 2012 (Unaudited)
2012 2003
Employer Employees
Percentage
of TotalDistrict
Rank Employment Employees Rank
Percentage
of TotalDistrict
Employment
TC Industries Inc.
Knaack Mfg. Co.
Althoff Indistries, Inc.
Baxter & rWoodman,Inc
Precision Dormer, LLCGeneral Kinematics Corp.
Home State Bank
Holiday Inn
Shaw Suburban Media
Technipaq,Inc
Center for Commerce & Economic
DeveVMCC
Black Dot Group
PreMediaONE
Northwest Newspapers Company
Eltek Americas
Precision Twist Drill Company
Creative Bedding Technologies
Data Source: Park District Official Statement
400
260250
190
150
135
130
125
125
120
2s0
I
2
J
4
5
6
7
8
9
l0
2.13%
1.39%
1.33%l.0t%0.80%
0.72%
0.69%0.67%
0.67%
0.64%
250 7 1.33%
5 1.33%
2.t9%1.60%
1.60%
t.33%1.07%
1.07%
0.80%
500 I 2.67%
4t0300
300
2s0200200
150
2
J
4
6
8
9
l0
1,885 10.05% 2,810 14.98%
122
CRYSTAL LAKE PARK DISTRICT, ILLINOIS
Full-Time Equivalent Government Employees by Function - Last Ten Fiscal Years
April 30, 2012 (Unaudited)
2003 2004 2005
General Government
AdministrationFull-Time
Operations
Part-TimeFull-Time
Recreation
Full-TimePart-Time
Total
Data Source: Park District Records
10
28
t228
38
s37
36
534
99
t328
9
34
515
622 619 599
t23
2006 2007 2008 2009 2010 20tt 20t2
9998I8I
13
28
l328
13
28
13
28
37
5r7
39
510
36
522
36
40s
t226
35
398
l226
32
397
12
27
28
37s
603 598 607 490 480 476 45t
124
CRYSTAL LAKE PARK DTSTRTCT, TLLTNOTS
Operating Indicators by Function/Program - Last Ten Fiscal Years
April 30, 2012 (Unaudited)
2003 2004 2005
Racket ClubMemberships
AdmissionsMain Beach
West Beach
Progtams
Recreation
Data Source: District Records
N/A - Information not available.
1,312
123,732
20,663
N/A
1,303
I15,383
14,215
N/A
1,306
106,874
19,481
N/A
125
2006 2007 2008 2009 20r0 20lt 2012
r,333
r13,62424,82r
12,819
1,351
1r6,66423,674
1,269
126,632
22,566
1,233
108,125
22,523
1,r22
r04,97717,359
r,072
70,91479,631
1,088
51,864
10,456
10,515 10,92011,74t 10,898 70,216 10,105
126
cRysTAL LAr(E PARK DTSTRTCT, TLLTNOTS
Capital Asset Statistics by FunctionlProgram - Last Ten Calendar YearsÁ,pril 30, 2012 (Unaudited)
2003 2004 2005
Recreation
Facilities (Number of)Playgrounds
Tennis Courts
Basketball Courts
Skate Park
Splash Pad
Miniature Golf Courses
Picnic Shelters
Dog Park
Athletic Fields
Batting Cages
Data Source: District Records
22
28
I4
22
28
t4
22
28
t4
2
9
1
;9
I
;8
I
464646
127
2006 2007 2008 2009 20 0 20 l1 20 211
23
29
t4II2
1lI
46
1
23
29
l4I1
2
l1I
46
I
23
29
t4I
23
28
l4I
23
28
t4
22
28
I4
23
28
t4
2
1
1
1
46
I4646
2
11
I46
I
;9
1
;9
I46
;9
1
r28