Finances – General Information

 

The District’s Financial Position is Solid

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) from 2009-2014. This year the District saw an increase of 8.25% in EAV and according to the Township Assessors, the EAV should continue to increase over the next several years. 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 a “AA” rating with a “Stable Outlook” for the refinanced 2015A Series G.O. Refunding Park Bonds. S & P also reaffirmed “AA” rating for the District’s G.O. Limited Park Bonds and G.O. Refunding Alternative Revenue Source Bonds (ARS).

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 support the District’s revenue stream. Various fees, primarily in the Recreation Fund, provide approximately 10.2% of the District’s revenue.
  • The FY2017-18 Budget includes drawdowns of fund balances in the Corporate, Recreation, Special Recreation, Museum, Insurance, FICA, Debt Service and Capital Funds. These drawdowns are either planned or due to carryover projects.

A variety of financial charts and graphics from the FY 2017-18 Annual Budget Report are provided below:

2018 Accounting Reports

Month Purchase Orders Paid Invoices
January 2018 N/A N/A
February 2018 N/A N/A
March 2018 N/A N/A
April 2018 N/A N/A
May 2018 N/A N/A
June 2018 N/A N/A
July 2018 N/A N/A
August 2018 N/A N/A
September 2018 N/A N/A
October 2018 N/A N/A
November 2018 N/A N/A
December 2018 N/A N/A

Archived Accounting Reports

Year Purchase Orders Paid Invoices
2017 N/A N/A

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

2017 Purchase Orders
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
2017 Paid Invoices
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017