Finances – General Information

The District’s Financial Position is Solid

Taken as a whole, the District’s financial position is solid even though it is experiencing a severe decline in the Equalized Assessed Valuation (EAV).  This year the District saw an increase of 6.13% in EAV. The District maintains solid financial reserves and prudent financial management and planning

 

Contributing factors to our favorable financial position are:

  • The commitment of the Board of Commissioners and Staff to evaluate, plan and implement programs, services and capital projects that meet the District’s Vision and Mission Statements is the primary reason for its financial position.
  • User fees are an integral part of the District’s revenue stream. Various fees, primarily from the Recreation Fund, provide approximately 5.71% of the District’s revenue.
  • The FY2022-23 Budget includes drawdowns of fund balances in all funds except for Paving & Lighting, Audit, FICA, Debt Service, Master Plan Capital Fund. These drawdowns are either planned or due to transfers or carryover projects.
2022-2023 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.

2022 Accounting Reports

Month Purchase Orders Paid Invoices
January 2022 View View
February 2022 View View
March 2022 View View
April 2022 View View
May 2022 View View
June 2022 View View
July 2022 View View
August 2022 View View
September 2022 View View
October 2022 View View
November 2022 View View
December 2022 View View

 

Archived Accounting Reports

Year Purchase Orders Paid Invoices
2021 View View
2020 View View
2019 View View
2018 View View
2017 View View

 

 

Vendor Information Reporting

In 2021, the State of Illinois enacted Public Act 102-0265 – Property Tax – Vendor Report. This law requires that any taxing district with a property tax levy of more than $5,000,000 must make a good faith effort to collect and electronically publish data as to whether vendors and subcontractors doing business with the taxing district are minority, women, or veteran-owned businesses. The Waukegan Park District is included in this requirement.

Waukegan Park District Vendor Information
Vendor Information Reporting