Finances – General Information

The District’s Financial Position is Solid

Taken as a whole, the District’s financial position is solid even after experiencing a severe decline in the Equalized Assessed Valuation (EAV) over a six-year period. This year the District saw an increase of 8.02% in EAV and according to the Township Assessors, the EAV is projected to increase for the fifth consecutive year. The District maintains solid financial reserves and prudent financial management and planning.

In 2015, Moody’s affirmed the District’s rating of Aa3 for the refinanced $8,500,000 2015A Series G.O. Refunding Park Bonds. In 2015, Standard & Poor’s assigned an “AA” rating with a “Stable Outlook” for the refinanced 2015A Series G.O. Refunding Park Bonds. S & P also affirmed an “AA” rating for the District’s G.O. Limited Park Bonds and G.O. Refunding Alternative Revenue Source Bonds (ARS).

In August of 2017, S & P reaffirmed a rating of “AA” rating before our most recent G.O. Refunding Alternative Revenue Source Bond issue for $3,630,000.  Bond Series 2017A was issued for the redevelopment of Corinne J. Rose Park and its outdoor aquatics facility.

Contributing factors to our favorable financial position are:

  • The commitment of the District Board and staff to evaluate, plan and implement programs, services and projects that support the District’s Mission and Vision Statements is a prime reason for its financial position.
  • User fees are an integral part of the District’s revenue stream. Various fees, primarily in the Recreation Fund, provide approximately 11.4% of the District’s revenue.
  • The FY2020-21 Budget includes draw-downs of fund balances in the Recreation, IMRF, Debt Service, and Capital Funds. These drawdowns are either planned or due to carryover projects.
2020-2021 Financial Rates and Charts
Revenue Charts
Expenditure Charts
Real Estate Tax – Assessed Valuation & Tax Rates
Tax Rates


The following reports are run and added to the website monthly.

2021 Accounting Reports

Month Purchase Orders Paid Invoices
January 2021 View View
February 2021 View View
March 2021 View View
April 2021 View View
May 2021
June 2021
July 2021
August 2021
September 2021
October 2021
November 2021
December 2021

Archived Accounting Reports

Year Purchase Orders Paid Invoices
2020 View View
2019 View View
2018 View View
2017 View View