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CITY COUNCIL REGULAR MEETING
CITY OF EVANSTON, ILLINOIS
LORRAINE H. MORTON CIVIC CENTER
COUNCIL CHAMBERS
Monday, March 16, 2015
7:00 p.m.
ORDER OF BUSINESS
(I)
City Council Roll Call – Begin with Alderman Braithwaite
(II)
Mayor Public Announcements
(III)
City Manager Public Announcements
Neptune IQ: Online Water Customer Web Portal
NICOR Construction Update
Solid Waste Agency of Northern Cook County (SWANCC) Update
(IV)
Communications: City Clerk
(V)
Citizen Comment
Members of the public are welcome to speak at City Council meetings. As part of the Council
agenda, a period for citizen comments shall be offered at the commencement of each regular
Council meeting. Those wishing to speak should sign their name, address and the agenda item
or topic to be addressed on a designated participation sheet. If there are five or fewer speakers,
fifteen minutes shall be provided for Citizen Comment. If there are more than five speakers, a
period of forty-five minutes shall be provided for all comment, and no individual shall speak longer
than three minutes. The Mayor will allocate time among the speakers to ensure that Citizen
Comment does not exceed forty-five minutes. The business of the City Council shall commence
forty-five minutes after the beginning of Citizen Comment. Aldermen do not respond during
Citizen Comment. Citizen Comment is intended to foster dialogue in a respectful and civil
manner. Citizen comments are requested to be made with these guidelines in mind.
(VI)
Special Orders of Business
(VII)
Call of the Wards
(Aldermen shall be called upon by the Mayor to announce or provide information
about any Ward or City matter which an Alderman desires to bring before the
Council.) {Council Rule 2.1(10)}
(VIII) Executive Session
(IX)
Adjournment
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City Council Agenda
March 16, 2015
Page 2 of 3
SPECIAL ORDERS OF BUSINESS
(SP1) Solid Waste Options
Staff will present options for improving the solvency of the Solid Waste Fund.
The options will include exploring a joint operations venture with another party
and a review of alternatives from the existing waste hauler.
For Discussion
(SP2) Building Energy Benchmarking Report
Members of the Utilities Commission wish to advise the City Council about the
Committee’s benchmarking initiative and requests City Council support and
direction on the continued development of benchmarking.
For Discussion
(SP3) Wholesale Water Sales and Utilities Department Capital Project Update
Staff will present information on wholesale water sales and current and future
Utilities Department Capital Projects.
For Discussion
(SP4) Resolution 32-R-15 Urging the Governor and the Illinois General Assembly
to Protect Local Government Revenue Fund
Mayor Tisdahl and staff recommend adoption of Resolution 32-R-15 Urging the
Governor and the Illinois General Assembly to Protect Local Government
Revenue Fund.
For Action
(SP5) FY2014 Year End Financial Report
Staff recommends City Council accept the unaudited year-end Financial Report
for FY 2014 and place on file.
For Action: Accept and Place on File
MEETINGS SCHEDULED THROUGH MARCH 2015
Upcoming Aldermanic Committee Meetings
Wed, March 18
Mon, March 23
Wed, March 25
Wed, March 25
Thurs, March 26
Fri, March 27
6:30 pm
6 pm
6 pm
7:30 pm
5:30 pm
7 am
M/W/EBE Advisory Committee
A&PW, P&D, City Council meetings
Transportation/Parking Committee
Economic Development Committee
Emergency Telephone Sys Board
Housing & Homelessness Commission
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10/24/2013 6:42 PM
City Council Agenda
March 16, 2015
Page 3 of 3
Order and agenda items are subject to change.
Information is available about Evanston City Council meetings at: www.cityofevanston.org/citycouncil.
Questions can be directed to the City Manager’s Office at 847-866-2936. The City is committed to
ensuring accessibility for all citizens. If an accommodation is needed to participate in this meeting, please
contact the City Manager’s Office 48 hours in advance so that arrangements can be made for the
accommodation if possible.
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10/24/2013 6:42 PM
For City Council meeting of March 16, 2015
Solid Waste Options
For Discussion
Item SP1
Memorandum
To:
Honorable Mayor and Members of the City Council
From:
Suzette Robinson, Director of Public Works
Jim Maiworm, Assistant Director of Operations and Maintenance
Leslie J. Perez, Administrative Supervisor, Public Works
Subject:
Solid Waste Options
Date:
March 9, 2015
Summary:
Staff will present options for improving the solvency of the Solid Waste Fund. The
options will include exploring a joint operations venture with another party and a review
of alternatives from the existing waste hauler.
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For Council Meeting of March 16, 2015
Building Energy Benchmarking
For Discussion
Item SP2
Memorandum
To:
Honorable Mayor and Members of the City Council
From:
Richard Lanyon, Utilities Commission Chair
Subject:
Building Energy Benchmarking Report
Date:
March 13, 2015
Recommended Action:
Members of the Utilities Commission wish to advise the City Council about the
Commission’s benchmarking initiative and requests City Council support and direction
on the continued development of benchmarking.
Background:
The commission began the initiative in 2012 with a focus on building energy efficiency.
We soon learned that benchmarking was an established practice in Europe and was
gaining acceptance in the United State by adoption of municipal ordinances in several
cities. Through our own study and with assistance from the Midwest Energy Efficiency
Alliance, a not-for-profit advocacy organization based in Chicago, we believe that it is
time for Evanston to consider adoption of benchmarking.
Analysis:
Benchmarking is the process of tracking the energy consumed, over time, of an existing
building and comparing the results to similar buildings or an applicable standard.
Reducing the emission of greenhouse gases (GHG) from buildings is a critical step in
achieving Climate Action Plan goals and the City has already addressed this topic for
new buildings in the Green Buildings Ordinance (124-O-09). Benchmarking is the
accepted method of addressing emissions from existing buildings.
Following this introduction to benchmarking, the commission requests the City Council’s
support for our continued work with other citizen groups interested in reducing GHG
emissions and engaging businesses and civic organizations, such as, large building
owners, Evanston Chamber of Commerce and Downtown Evanston.
Attached is a four-page description of benchmarking and the initiative. For your
convenience, the first page summarizes in bullet point format the detail spelled out on
the subsequent three pages.
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Attachments:
Utilities Commission White Paper dated January 16, 2015
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For City Council meeting of March 16, 2015
Item SP3
Wholesale Water Sales and Utilities Department Capital Project Update
For Discussion
Memorandum
To:
Honorable Mayor and Members of the City Council
From:
David Stoneback, Director Utilities Department
Subject:
Wholesale Water Sales and Utilities Department Capital Project Update
Date:
March 10, 2015
Summary:
Staff will present information on wholesale water sales and current and future Utilities
Department Capital Projects.
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For City Council meeting of March 16, 2015
Item SP4
Resolution 32-R-15 Urging the Governor and the Illinois General Assembly to
Protect Local Government Revenue Fund
For Action
Memorandum
To:
Honorable Mayor and Members of the City Council
From:
Wally Bobkiewicz, City Manager
Ylda Capriccioso, Assistant to the City Manager
Subject:
Resolution 32-R-15 Urging the Governor and the Illinois General
Assembly to Protect Local Government Revenue Fund
Date:
March 5, 2015
Recommended Action:
Mayor Tisdahl and staff recommend approval of Resolution 32-R-15 Urging the
Governor and the Illinois General Assembly to Protect Local Government Revenue
Fund.
Background:
The City of Evanston, Illinois Municipal League (IML) along with its municipal members
are rallying together to urge legislative leaders in Springfield to protect funding that
comes to local governments.
The State’s fiscal stability continues to be uncertain. Temporary solutions have provided
stop-gap measures to keep the state afloat year-after-year. Taxpayer Accountability and
Budget Stabilization Act passed in 2011 instituted a temporary income tax increase on
corporate and personal income taxes to help pay down a backlog of bills and stabilize
the state’s pension crisis. This increased expired in January affecting current year
budgets and future fiscal year budgets.
Funding distributed to local governments is at-risk of being reduced or cut all together.
In Governor Rauner’s budget speech he outlined his proposed state budget which
includes a 50% reduction to the Local Government Distributive Fund (LGDF). The fund
is the State of Illinois’ distribution of income tax to municipalities.
Since 1969, LGDF is the system by which Illinois municipalities have partnered with the
State to fund core municipal services such as police, fire, roads, sidewalks, planning
and zoning, public safety, water and sewer, public works, and snowplowing. In addition
to funding core everyday services to Illinois citizens, LGDF distributions play a role in
keeping the
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local tax burden low. Without LGDF, communities across Illinois would need to explore
increases to local taxes. This includes property taxes. It is widely believed that Illinois
has a high property tax burden and this would undoubtedly be worsened if LGDF funds
were reduced or eliminated.
Impacts to Evanston:
For the City of Evanston in 2015, LGDF revenue is set at $7,500,000 or 8.15% of
anticipated revenues. Reducing this funding source by 50% would require the City to cut
expenses by 4.105%. The numbers listed in the table are the entire General Fund,
including inter-fund transfers. The table shows initial estimates of how a cut of this size
would affect operating departments. Based on the revised revenues, approximately 41
City of Evanston employees would need to be eliminated. This would effectively reduce
the City’s General Fund funded staff by 6.5%.
50% LGDF
Reduction
2015 Budget
2015 Budget with income
tax reduced by 50%
City Legislative
CMO
Law
Admin Services
Community Development
Police
Fire
Health and Human Services
Public Works
Parks
$
$
$
$
$
$
$
$
$
$
677,023
1,903,126
1,129,534
10,371,388
2,427,257
27,820,569
14,462,599
3,658,702
18,048,955
10,836,161
$
$
$
$
$
$
$
$
$
$
27,799
78,143
46,379
425,849
99,663
1,142,313
593,835
150,227
741,090
444,933
$
$
$
$
$
$
$
$
$
$
649,224.50
1,824,983.50
1,083,155.50
9,945,539.00
2,327,594.00
26,678,256.50
13,868,764.50
3,508,475.50
17,307,865.00
10,391,228.00
TOTALS
$
91,335,314
$
3,750,228
$
87,585,086.00
The City cannot absorb such a reduction in revenues without either an increase in local
taxes or a decrease in services. If service decreases are contemplated the City will do
everything possible to maintain core services at current levels.
The necessity of preserving and enhancing the LGDF funding source is important to a
long-term successful state and local partnership. More importantly, it is critical to our
residents who receive and rely on these services from the City of Evanston. The Mayor
and staff request passage of the resolution.
Outreach Plan:
Upon approval staff will send a copy of the resolution to Evanston’s representatives in
the General Assembly, the four legislative leaders, and the Governor and his staff.
Staff will also engage Evanston residents via Legislative Action Alert which will provide
details about the proposed cuts and its impact to Evanston. The Action Alert will also
link to a pre-drafted email to be sent to the Governor and each state senator and
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representative in our area, with a copy also going to the four legislative leaders voicing
opposition to the proposed cut to the LGDF.
Attachments:
Resolution 32-R-15
COG Letter to Governor
IML Letter to Governor
IML Fact Sheet on LGDF
IML Voice Your Opposition to the 50% Cuts to LGDF:
http://legislative.iml.org/ams/base.cfm?job=lgdf
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32-R-15
3/5/2015
A RESOLUTION
Urging the Governor and General Assembly to Protect Funding of Local
Government Distributive Fund Revenues
WHEREAS, municipalities are front-line providers of government services
to citizens and these services include police and fire protection, parks, infrastructure,
water, sewer and utility services, and snow removal; and
WHEREAS, the Local Government Distributive Fund (“LGDF”) is a state
fund into which a portion of state income tax revenue is deposited annually for cities and
counties throughout the State; and
WHEREAS, since 1969, Illinois municipalities have partnered with the
State to fund core municipal services such as police, fire, public works, roads and
sidewalks and this funding partnership is made possible by revenue from the LGDF;
and
WHEREAS, in addition to funding core everyday services, LGDF
distributions play a role in keeping the local tax burden low; and
WHEREAS, municipalities have fewer options to raise significant revenue
and rely on the full amount of revenue that the State collects on their behalf in order to
fund the essential quality-of-life services expected and relied upon by community
residents; and
WHEREAS, the General Assembly increased the State income tax without
providing any of the new revenues to municipalities and this loss of revenue has left the
municipal share at levels collected during the Great Recession; and
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32-R-15
WHEREAS, the percentage of income tax collections deposited in the
LGDF was reduced in 2011 from 10% to 6% and was then increased to 8% as of
January 2015; and
WHEREAS, the Mayor and the City Council are concerned that without
LGDF, the City may have to explore an increase in local taxes, and
WHEREAS, the Governor proposed a 50 percent reduction in the local
share of the income tax during his FY2016 Budget Address, reducing local revenues by
over $600 million; and
WHEREAS, the City of Evanston could lose $3,750,228 which would
result in elimination of jobs, local tax increases, program and service cuts, and could
increase debt burdens that would be felt by all citizens.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: The foregoing recitals are hereby found as fact and
incorporated herein by reference.
SECTION 2:
That the City of Evanston urges the Governor and the
General Assembly to protect funding of the Local Government Distributive Fund and
other revenue sources that allow local governments to provide for the health, safety and
general welfare of their residents.
SECTION 3:
Copies of this resolution shall be transmitted to the
Governor of the State of Illinois and the General Assembly.
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32-R-15
SECTION 4:
This Resolution 32-R-15 shall be in full force and effect
from and after its passage and approval in the manner provided by law.
________________________________
Elizabeth B. Tisdahl, Mayor
Attest:
___________________________
Rodney Greene, City Clerk
Adopted: __________________, 2015
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February 25, 2015
The Honorable Bruce Rauner
Governor
207 Statehouse
Springfield, IL 62706
Dear Governor Rauner:
On behalf of municipalities and taxpayers across the state of Illinois, we are writing to
express our deep disappointment with certain proposals affecting local government outlined
in your February 18 Budget Address to the Illinois General Assembly. We respectfully
request that the state craft a budget that does not intercept revenue due to local governments
or prohibit actions necessary to balance municipal budgets.
As you know, the Local Government Distributive Fund (LGDF) was established in 1969
when Illinois implemented the state income tax. Local governments utilize LGDF revenues
to fund basic governmental services including police, fire, public works and infrastructure
improvements. Your proposal for a fifty percent reduction in LGDF payments spells
disaster for municipalities, particularly non-home rule communities and those without a
broad base of revenue options. Reducing revenue due to local governments will result in the
need for massive property tax increases or dangerous cuts to services that our taxpayers have
paid for and expect.
In addition to slashing LGDF revenues, you propose to freeze property taxes and exempt
police officers and firefighters from any changes in their pensions. This additional one-two
punch to local governments will take away the ability to fund the rising costs of basic
government services and public safety pensions, which have been well documented as
unsustainable.
Finally, you have called for local governments to tighten their belts. It is important to know
that, through the Great Recession and beyond, municipalities have worked diligently to
balance budgets, operate within our means, adjust service and staffing levels and cut
programs that, while important, we simply cannot afford at this time. We ask that the state
craft a fiscally responsible budget without further harming local governments and the
taxpayers we all serve.
Thank you for your consideration of our request to preserve local revenues and maintain the
ability to manage our local budgets. We stand ready to work with you and the General
Assembly to identify ways that all levels of government can move forward and best serve
the people of Illinois.
Sincerely,
(Signature page attached)
 Barrington Area Council of Governments  DuPage Mayors and Managers Conference
 McHenry County Council of Governments  Metro West Council of Government  Metropolitan Mayors Caucus
 Northwest Municipal Conference  Southwest Conference of Mayors  South Suburban Mayors and Managers Association
 Southwestern Illinois Council of Mayors  West Central Municipal Conference  Will County Governmental League
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Robert Kellermann
Chairman
Barrington Area Council of Governments
Gerald R. Bennett
President
Southwest Conference of Mayors
Martin T. Tully
President
DuPage Mayors & Managers Conference Michael S. Einhorn
President
South Suburban Mayors and Managers Association
Richard E. Mack
President
McHenry County Council of Governments
John Miller
President
Southwestern Illinois Council of Mayors
David Kaptain
President
Metro West Council of Government
Richard F. Pellegrino
Executive Director
West Central Municipal Conference
Daniel J. McLaughlin
President
Metropolitan Mayors Caucus
Jim Holland
President
Will County Governmental League
Elizabeth B. Tisdahl
President
Northwest Municipal Conference
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Educate. Advocate. Empower.
PRESIDENT
Mayor Gerald E. Daugherty, Moscouinh
FIRST VICE PRESIDENT
Village President Thomas Gray, Chatham
February 10, 2015
SERGEANT-AT-ARMS
Mayor Dale B. Adams, Rocktoa
EXECUTIVE DIRECTOR
Brad Cole
VICE PRESIDENTS
Moyer Thomas J. Weisner, Aurora
Village President Korea Darch, Barrington
Mayor Mark W. Eckert, Belleville
Mayor Michael Chamberlain, Belvidere
Village President Joe Cook, Channohon
Mayor Rohm Emanuel, Chicago
Mayor Kevin B. Hotchinson, Columbia
Mayor Aaron Shopley, Crystal Lake
Mayor Michael T. McElroy, Decator
Village President Teresa Kernc, Diamond
Mayor Gail Mitchell, Foirview Heights
Mayor James Gitz, Freeport
Mayor Joe W. Biscls, Grnyville
Village Presideat Rodney S. Craig, Hanover Park
Mayor Andy Ezord, Jacksonville
Mayer Keith Snyder, Lincoln
Mayor Joseph J. Broda, Lisle
Village President Eugene Williams, Lynwoad
Mayor Michael J. lnmna, Macomb
Mayor Robert L Butler, Marion
Mayor Tim Gover, Mattoon
Mayor Mary Jane Chesley, Mnant Vernon
Mayor Leon Rockingham, Jr., North Chicago
Village President Jock Reidner, Ogden
Mayor Jim Ardis, Peoria
Mayor Scott Harl, Peru
Village President Rick Reinhold, Richtna Park
Mayor Chet Olson, Rochelle
Mayor Lawrence J. Morrissey, Rackford
Mayor Dennis E. Pauley, Rock Island
Mayor Richard H. Hill, Round Luke Bench
Village President David L. Owen, Seoth Chicago Heights
Mayor Greg Brutherton, Taylorville
Mayor Ricky J. Gottman, Vandalia
Mayor Gary W. Maaier, Washington
Mayor Tom Jordan, West Frankfurt
PAST PRESIDENTS
Mayor J. Michael Houston, Springfield
Mayor Roger C Cloar, Buliagbronk
Village President B.J. Hockler, Saint Joseph
Mayar Gerald R. Bennett, PaIns Hills
Mayar Gary L Graham, O’Fallon
Mayor Al Larson, Schaamburg
Mayor Scott Eisenhaner, Danville
Mayor Darryl F. Liadberg, Loves Park
The Honorable Bruce Rauner
Governor of Illinois
207 Statehouse
Springfield, IL 62706
Dear Governor Rauner,
A continued state and local partnership is essential as we face
challenging financial times in illinois. A cornerstone of this
partnership is the Local Government Distributive Fund (LGDF). I wish
to convey the importance of LGDF to local communities and to urge
your support for its preservation.
By way of history, LGDF revenue was instituted when the income tax
was enacted into law by Governor Ogilvie in 1969. Because the
income tax included a municipal revenue source, Governor Ogilvie
was able to count on the support of Mayor Richard J. Daley and
mayors from across illinois for its passage. Upon enactment,
municipalities began to receive 8% of all state income tax collections.
The income tax rate, along with the municipal LGDF share, has
changed over the ensuing years. LGDF revenue was increased to 9%
of state income tax revenues in 1994, and to 10% of total collections in
1995. As part of the 2011 temporary income tax increase, LGDF was
reduced to 6% of total collections. Beginning this year, the share was
increased to 8% of total collections based upon the schedule provided
by the temporary income tax law.
Over these many years, LGDF emerged as a stable and reliable
funding source for municipal services. Through LGDF, the state
assists local communities with funding services such as police, fire,
roads, sidewalks, planning and zoning, public safety, water and sewer,
public works, and snowplowing. In addition, LGDF revenue funds
services that would otherwise need to be funded through increased
property taxes. The necessity of preserving and enhancing this
successful state and local partnership is critical for illinois residents.
500 East Capitol Avenue
I
P.O. Box 5180
I
Springfield, l~ 62705-5180
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f
Phone: 217.525.1220
I
Fax: 217.525.7438
I
WWWJOOOA.Oa1
Page 2
Governor Rauner
February 10, 2015
LGDF revenue drives tremendous value for local taxpayers because it is expended on services
that Illinois residents experience in their communities every single day. The revenue is
distributed based upon population, which has proven to be a fair and equitable funding system
for Illinois communities. Municipal governments have been outstanding stewards of their LGDF
share, and have managed to balance their budgets and fund core services with the LGDF revenue
distributed over the years.
Again, I urge you to support the preservation of LGDF for local communities. Thank you for
your consideration in this matter. Please contact me at 217/525-1220 if I can be of any
assistance.
Yours very truly,
BRAD COLE
Executive Director
cc: General Assembly
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F e br u ar y 9 , 2 0 1 5
LGDF REVENUE DRIVES VALUE FOR LOCAL TAXPAYERS
LGDF IS A SUCCESSFUL STATE-LOCAL FUNDING PARTNERSHIP
The Local Government Distributive Fund (LGDF) is a state fund into which a portion of state income tax revenue
is deposited annually. Cities and counties currently receive 8% of total state income tax revenues through this fund.
LGDF SUPPORTS CORE SERVICES AND HELPS KEEP LOCAL TAXES LOW
Since 1969, Illinois municipalities have partnered with the State to fund core municipal
services such as police, fire, roads, sidewalks, planning and zoning, public safety, water
and sewer, public works, and snowplowing. This funding partnership is made possible by
revenue from the Local Government Distributive Fund (LGDF).
In addition to funding core everyday services to Illinois citizens, LGDF distributions play a role in keeping the
local tax burden low. Without LGDF, communities across Illinois would need to explore increases to local taxes.
This includes property taxes. It is widely believed that Illinois has a high property tax burden and this would
undoubtedly be worsened if LGDF funds were reduced or eliminated.
LGDF FUNDING HAS ALREADY BEEN REDUCED
Until January of 2011, 10% of total income tax collections were deposited into LGDF for distribution to cities and
counties. Distributions occur on a per capita basis. The percentage share of state income tax revenue
was reduced from 10% to 6% following the enactment of the temporary income tax increase
in 2011. The percentage was decreased because the state opted to keep the entirety of the
new increased revenues for itself. When the income tax rates declined in January 2015, the
LGDF share increased to 8% of total collections. In the absence of any statutory changes,
this percentage will remain the same until 2025 when it will return to approximately 10% of
total state income tax collections.
LGDF PROVIDES OUTSTANDING VALUE FOR ILLINOIS TAXPAYERS
Illinois collected approximately $20.8 billion in state income tax revenue during Municipal Fiscal Year 2014. The
amount of revenue deposited into LGDF for this period was only $1.25 billion.
Good management and efficiency at the local level make LGDF dollars the best return on investment that
taxpayers will ever get... and it’s a direct return of their dollars to their community.
Illinois cities have managed their LGDF revenue responsibly over the years while receiving just a small portion
of state income tax collections. Illinois cities will continue to balance their budgets and fund core municipal
services while receiving 8 cents of each state income tax dollar during the upcoming municipal
fiscal year. Despite receiving 92 cents of each income tax dollar, the State will continue to be
mired in debt and unable to pay its bills in a timely manner for the foreseeable future.
This record of excellent fiscal stewardship by municipal governments,
encouraged by accountability to local voters, is a compelling
argument to drive additional value for taxpayers by maintaining,
and even increasing the municipal share of LGDF revenue.
Additional LGDF revenues could be used to help offset the growing
costs incurred from unfunded state mandates, the most notable of which includes
paying for pension benefits that were increased by the State.
500 East Capitol Avenue | PO Box 5180 | Springfield, IL 62705-5180| Ph: 217.525.1220 | Fx: 217.525.7438 | www.iml.org
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Estimated State Shared Municipal
Revenue MFY 2016 (MAY 2015 to APRIL 2016)
The Estimating Revenue article that
ran in the January Review covered
the estimated state shared revenue
through MFY 2015. This brief article
contains the MFY 2016 estimates. The
MFY 2016 estimates are conservative
in predicting a continued recovery.
They also assume no policy/legislative
changes to any of the underlying
statutory language, which means no
state reduction. The 2015 legislative
session will focus on revenue issues,
but I am not predicting an outcome.
MUNICIPAL SHARE OF ILLINOIS MOTOR FUEL
TAX ESTIMATE
INCOME TAX (LGDF) ESTIMATE
For MFY 2016 (May 2015 through April 2016), IML
estimates $99.00 per capita. This estimate assumes
2.06% growth from our most recent MFY 2015
estimate of $97.00 per capita.
1% LOCAL SHARE OF ILLINOIS USE TAX
ESTIMATE
For MFY 2016 (May 2015 through April 2016), IML
estimates $19.40 per capita. This estimate assumes
4.86% growth from our most recent MFY 2015
estimate of $18.50 per capita.
For MFY 2016 (May 2015 through April 2016), IML
estimates $23.80 per capita. This estimate assumes
a 2.06% decline from our most recent MFY 2015
estimate of $24.30 per capita.
CORPORATE PERSONAL PROPERTY
REPLACEMENT TAX (CPPRT) ESTIMATE
For MFY 2016 (May 2015 through April 2016), IML
estimates no change from our most recent MFY 2015
estimate of $1.38 billion.
UNACCEPTABLE
For every dollar paid by an Illinois taxpayer in income tax, the State
receives $0.92 while cities and local municipal services get $0.08.
This reduction (from $0.10 to $0.08) has created tough times since
2008 and local municipal leaders have cut back, sacrificed, and still
barely managed to balance their budgets each year as required by
law. Meanwhile, the State has reaped the full benefit of the income
tax increase while local municipal budgets continue to suffer. Taking
more local dollars is unacceptable and bad public policy.
Illinois Municipal League
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STATE
Local
| February 9, 2015
For City Council meeting of March 16, 2015
7For
City
CouncilReport
Meeting
September
20, 2010
Yearthe
End
Financial
forofFiscal
Year 2014
nd
2 For
Quarter
Report
Action:Financial
Accept and
Place on File
Item SP5
Memorandum
To:
Honorable Mayor and Members of the City Council
From:
Marty Lyons, Assistant City Manager/Chief Financial Officer
Ashley King, Assistant Director, Administrative Services
CC:
Wally Bobkiewicz, City Manager
Subject:
Year End Financial Report for Fiscal Year 2014
Date:
March 10, 2015
Recommended Action:
Staff recommends City Council accept and place the unaudited Year End Financial
Report for FY 2014 on file.
Summary:
Staff has completed the unaudited Year End Financial Reports for Fiscal Year 2014.
These Financial Reports are preliminary and will not be finalized until the
Comprehensive Annual Financial Report (CAFR) is completed in June of 2015.
The City ended the 2014 fiscal year in stable financial condition. The General Fund
ended FY 2014 with a preliminary unaudited deficit of $72,546. The City’s financial
performance is the result of revenues exceeding budgetary expectations by 1.68% and
expenditures exceeding the 2014 Amended Budget by 0.14%.
Attached are summaries of the City’s funds for the fourth quarter of FY 2014.
reviewing these reports, please note the following:
In
•
A majority of the revenues are recorded at the time they are actually received
(permits, property taxes, fees, etc.), however, some revenues are recorded at the
time of notification of the revenue being earned by the City (sales, income,
telecommunications taxes, etc).
•
State revenue sources are delayed by one to three months based on the revenue
source in question.
•
While some revenues are received on a monthly basis, other revenues are
received less uniformly throughout the year. An example is property taxes, which
are billed bi-annually and then distributed by the County as payments are
received. This disbursal method contrasts with other revenue sources such as
sales taxes, which are collected by the State and distributed on a monthly basis.
24 of 33
•
Operating expenses are incurred on a uniform basis for items such as payroll,
utilities, fuel, etc., and on an as needed basis for supplies, equipment and
specific outsourced services.
It should be noted as of December 31, 2014, several funds are carrying negative fund
balances which could potentially impact the General Fund in the future if not addressed.
The major funds which could negatively impact the General Fund in the future include
the Insurance Fund and the Solid Waste Fund. The table below provides a summary of
how these funds could impact the fund balance in the General Fund:
12/31/2014
Unreserved Fund
Balance
General Fund
Insurance Fund
Solid Waste Fund
Effective General Fund Net Balance
$ 16,290,405.00
$ (3,467,920.88)
$ (1,142,551.04)
$ 11,679,933.08
The Insurance Fund negative balance is the result of claim reserves set up for potential
claims, which may be settled in the future for lesser amounts. The claim reserve is
usually set on a conservative basis, so that the City fairly discloses all potential
liabilities.
A brief summary of the other major revenues and expenditures in the General Fund and
selected enterprise funds is provided immediately below.
General Fund Revenues:
General Fund unaudited revenues through the December 31, 2014 were approximately
$90.7M or 101.68% of budget. The FY 2014 performance of major General Fund
revenue sources is summarized below:
•
Through December 31, 2014 property tax revenue was $12,192,095 or 99.35%
of budget.
•
Basic Sales Tax exceeded budgetary projections. Sales Tax revenues totaled
$9,693,509 or 100.04% of budget.
•
Athletic Contest Tax was recorded in the amount of $1,032,080 or 129.01% of
budget.
•
State income tax was recorded in the amount of $7,053,978 through December
31, 2014, achieving 99.69% of the budget target for this revenue item. State
income tax is typically received in arrears by one or two months. City staff will
continue to monitor the Governor’s position on the Local Government Distributive
Fund, the mechanism by which local income tax is distributed to municipalities.
-2-
25 of 33
A 50% cut in this revenue would greatly impact the General Fund revenues for
the City of Evanston.
•
Through December 31, 2014, licenses, permits, and fees totaled $14,510,250
and were approximately 114.96% of budget.
General Fund Expenditures:
Through December 31, 2014, General Fund expenditures totaled $90,756,966 or
100.14% of budget for FY 2014. As part of the 2015 budget process, City staff
estimated that the General Fund would complete 2014 with total expenses of
$90,634,538. As previously mentioned, the General Fund had actual expenditures of
$90,756,966 resulting in a difference of approximately $122,428. This difference is a
result of overtime and related expenditures exceeding budget in Fire and Parks
Recreation and Community Services by approximately $1.1 million. As previously
mentioned, the General Fund ended FY 2014 with a preliminary unaudited deficit of
$72,546.
Enterprise Funds:
Parking Fund revenues for FY 2014 were $9,421,333 or 82.69% of budget and
expenses were $9,598,796 or 60.39% of budget, resulting in a deficit of $177,562. The
Parking Fund had a budgeted deficit of $4,500,740 for FY 2014.
Water Fund revenues for FY 2014 were $17,900,630 or 88.06% of budget and
expenses were $18,623,567 or 77.63% of budget, resulting in a deficit of $722,936.
The Water Fund had a budgeted deficit of $3,662,519 for FY 2014.
Sewer Fund revenues for FY 2014 were $14,669,159 or 97.032% of budget and
expenses were $14,623,458 or 89.830% of budget, resulting in a surplus of $45,701.
The Sewer Fund had a budgeted deficit of $1,161,255 for FY 2014.
Solid Waste Fund revenues for FY 2014 were $4,995,732 or 100.52% of budget and
expenses were $4,854,723 or 91.44% of budget, resulting in a surplus of $141,009.
The Solid Waste Fund had a budgeted deficit of $339,082 for FY 2014.
Please direct questions regarding the enclosed information to Martin Lyons, CFO at
mlyons@cityofevanston.org or Ashley King, Asst. Director of Administrative Services at
aking@cityofevanston.org.
Attachments
Attachment 1: December 31, 2014 Monthly Financial Report
Attachment 2: December 31, 2014 Investment Report
-3-
26 of 33
Memorandum
To:
Wally Bobkiewicz, City Manager
Martin Lyons, Assistant City Manager/Chief Financial Officer
From:
Ashley King, Assistant Director of Administrative Services
Andrew Villamin, Interim Accounting Manager
Subject:
December 2014 Monthly Financial Report
Date:
March 6, 2015
Please find attached the unaudited financial statements as of December 31, 2014. A
summary by fund for total revenues, expenditures/expenses, fund balances, and cash
balances is as follows:
YTD
YTD
YTD
12/31/2014
12/31/2014
12/31/2014
12/31/2014
12/31/2014
Unreserved
Cash
Fund Name
Fund #
Revenue
Expenses
Net
Fund Balance
Balance*
General
100 $ 90,684,420 $ 90,756,966 $
(72,546) $ 16,290,405 $ 6,093,725
General Assistance Fund
175
907,508
748,818
158,690
158,690
159,851
Neighborhood Stabilization
195
1,357,917
1,146,382
211,535
211,535
210,065
Motor Fuel
200
2,166,719
1,726,829
439,890
1,752,458
2,237,250
Emergency 911
205
945,080
1,250,389
(305,309)
915,570
550,349
SSA#4
210
310,599
320,000
(9,401)
(158,736)
(189,039)
CDBG
215
1,499,358
1,582,218
(82,860)
(70,061)
(147,183)
CDBG Loan
220
45,559
39,503
6,056
2,360,327
146,145
Economic Development
225
1,936,489
1,933,579
2,910
3,510,112
3,020,779
Neighborhood Improvement
235
149,915
149,915
Home
240
901,891
956,283
(54,392)
3,888,136
(143)
Affordable Housing
250
199,054
92,939
106,115
2,557,193
862,001
Washington National TIF
300
4,982,987
3,877,522
1,105,466
6,142,907
5,770,506
SSA#5
305
428,520
442,050
(13,530)
461,355
400,694
SW II TIF (Howard Hartrey)
310
1,154,130
2,089,632
(935,502)
2,421,546
2,405,913
Southwest TIF
315
607,668
47,077
560,591
905,308
909,019
Debt Service
320
13,046,814
12,846,544
200,270
3,575,961
2,056,615
Howard Ridge TIF
330
506,731
826,950
(320,220)
68,397
57,829
West Evanston TIF
335
101,027
131,200
(30,173)
507,466
570,465
Dempster-Dodge TIF
340
Capital Improvement
415
10,524,520
3,686,003
6,838,517
13,138,516
10,642,166
Special Assessment
420
621,064
174,769
446,295
2,518,710
2,538,395
Parking
505
9,421,233
9,598,796
(177,562)
13,425,257
12,502,917
Water
510-513
17,900,630
18,623,567
(722,936)
7,867,155
8,705,454
Sewer
515
14,669,159
14,623,458
45,701
4,620,697
3,308,167
Solid Waste
520
4,995,732
4,854,723
141,009
(1,142,551)
(1,354,076)
Fleet
600
3,180,292
3,404,691
(224,399)
(113,833)
(408,781)
Equipment Replacement
601
2,577,440
1,899,659
677,781
1,266,764
1,402,371
Insurance
605
17,833,166
17,573,424
259,742
(3,467,921)
1,411,793
Library
Library Debt Fund
Total**
185
186
6,065,728
5,791,044
274,685
1,275,950
666,752
746,112
748,521
(2,409)
(2,409)
(2,409)
$ 209,571,435 $ 201,045,013 $ 8,526,422 $ 85,037,226 $ 64,677,504
*This is net of any interfund receivables/payables
**This summary does not include the Police or Fire Pension Funds even though detailed reports are included.
27 of 33
Included above are the ending balances as of December 31, 2014 for both unreserved
fund and cash balances. Of these two amounts, cash balance is the more meaningful
metric since this represents liquid cash and/or invested assets which may be used (or
easily sold) to support and fund current operations. While ending fund balance is also
an important measurement of the City’s financial health, it usually includes illiquid
assets or future cash receipts or disbursements such as receivables (including property
tax) due to the City and accounts payable/accrued expenses.
As of December 31, 2014, the General Fund is reporting a deficit of $72,546. These are
unaudited numbers and are subject to change as a result of this summer’s audit.
The General Fund exceeded the expense budget by $122,428. This is due to a number
of factors:
 The Parks Department exceeded their budgeted amounts for multiple line
items—including some which were then reimbursed by the state.
 The Fire Department Budget exceeded the 2014 Amended Budgeted
expenditures in overtime costs. Many of these costs were for special detail
requests, which means that they were reimbursed by the parties requesting the
detail.
The General Fund exceeded the revenue budget by $1,499,122. This is due to a
number of factors, mainly as a result of the economy during the end of 2014:
 Personal Property Replacement Tax received 132% of anticipated revenues
 Permit Fees (including Building Permits) for 2014 were at 123.22% of budget,
meaning that even with an increased budget ($4,229,788 in 2013 and
$7,628,878 in 2014), there was a surplus. 2014 received $9,400,120 in Permit
Fees.
 Property taxes came in at 99.35% of budget, the highest level of collections the
City has received in the past 5 years.
 Parking ticket revenue was $990,847 under budget. This was due to a number
of factors, including increased compliance for parking meter usage and zoned
parking locations. Parking meter compliance stems from the installation of credit
card meters and zoned compliance stems from the utilization of license place
reading (camera) equipment when enforcing these areas. Parking ticket reveue
was also down due to construction in the downtown (which reduced the amount
of available meters).
Through December 31, 2014, the Special Service Area (SSA) #4 Fund is showing a
negative cash balance of $189,039.
Through December 31, 2014, the Economic Development Fund is showing a fund
balance of $3,510,112 and a cash balance of $3,020,779. These balances include
approximately $1 million of revenue associated with the Gigabit Challenge.
Through December 31, 2014, the Solid Waste Fund is showing a negative fund balance
of $1,142,551 and a negative cash balance of $1,354,076. This is a slight improvement
over the closing cash balance of negative $1,413,673 from December 31, 2013.
28 of 33
Through December 31, 2014 the Fleet Fund is showing a negative cash balance of
$408,781. For 2016 operating efficiencies and/or increased service charges to the
operating departments will be proposed to eliminate this negative
Through December 31, 2014, the Insurance Fund is showing a negative fund balance of
$3,467,921. This negative balance is primarily for claims/cases being expensed.
These claims/cases have not been settled, and therefore there is no guarantee the City
will actually experience this negative fund balance as estimated. The Insurance Fund’s
cash balance of $1,411,793 includes a transfer from the IPBC Health Insurance Pool of
$500,000.
The following chart shows a comparison between 12/31 2013 and 12/31/2014:
All Funds Comparison
2013
2014
Difference
12/31 Revenue
$
237,238,481 $
209,571,435 $ (27,667,046)
12/31 Expenses
$
237,589,858 $
201,045,013 $ (36,544,845)
12/31 Net
$
(351,377) $
8,526,422 $ 8,877,799
12/31 Unreserved Fund Balance
$
72,697,012 $
85,037,226 $ 12,340,214
12/31 Cash Balance
$
60,446,613 $
64,677,504 $ 4,230,891
*NOTE: 2013 included the refinancing of $30 million in General Obligation debt,
which increased both revenues and expenses for that year.
If there are any questions on the attached report, please contact me by phone at (847)
859-7884 or by email: aking@cityofevanston.org. Detailed fund summary reports can
be found at the following link: http://www.cityofevanston.org/city-budget/financialreports/.
CERTIFICATION OF ATTACHED FINANCIAL REPORTS
As required per Illinois Statute 65 ILCS 5/3.1-35-45 I, Martin Lyons, Treasurer of the
City of Evanston, hereby affirm that I have reviewed the December 31, 2014 year-todate financial information and reports which to the best of my knowledge appear
accurate and complete.
__________________________
Martin Lyons, Treasurer
29 of 33
Report of Budget-to-Actual Revenues and Expenditures
As of December 31, 2014
(Target is 100% of FY 2014 Budget)
General Fund
Revenues
Property Tax
Parking Fund
Budget
$
% of
Budget
Actual
Budget
Actual
-
$
-
Budget
$
Sewer Fund
% of
Budget
Actual
-
$
-
Budget
$
Solid Waste Fund
% of
Budget
Actual
-
$
-
Budget
$
% of
Budget
Actual
12,271,386
$ 12,192,095
99.4%
15,790,000
15,637,681
99.0%
-
-
-
-
-
-
-
-
State Income Tax
7,076,170
7,053,978
99.7%
-
-
-
-
-
-
-
-
Utility Tax
8,220,000
7,825,117
95.2%
-
-
-
-
-
-
-
-
Real Estate Transfer Tax
2,875,000
2,543,056
88.5%
-
-
-
-
-
-
-
-
Sales Tax
$
Water Fund
% of
Budget
-
$
-
Liquor Tax
2,375,000
2,665,447
112.2%
-
-
-
-
-
-
-
-
Other Taxes
5,940,053
6,752,634
113.7%
-
-
-
-
-
-
-
-
12,622,280
14,510,250
115.0%
-
-
7,936,754
7,888,847
99.4%
6,434,293
6,495,937
721,272
1,005,587
139.4%
-
-
7,742,893
7,781,104
100.5%
2,925,296
2,925,296
Licenses, Permits, Fees
Charges for Services
Intergovernmental Revenues
Interfund Transfers
Other Non-Tax Revenue
Total Revenues
$
101.0%
100.0%
5,614,490
4,828,625
86.0%
2,034,004
-
0.0%
89,185,298
$ 90,684,420
101.7%
$ 11,393,593
$
9,421,233
82.7%
$
$
$
-
-
-
13,913,400
14,408,338
-
-
12,922,700
13,053,859
-
14,181
-
-
-
-
103.6%
6,413,816
3,478,112
54.2%
$
20,327,216
$ 17,900,630
88.1%
$
-
-
-
3,889,033
3,918,913
-
25,000
20,852
83.4%
-
1,055,967
1,055,967
100.0%
101.0%
2,191,000
1,615,300
73.7%
-
-
$
15,113,700
$ 14,669,159
97.1%
$ 4,970,000
$ 4,995,732
$
-
$
$
100.8%
100.5%
Expenditures
Legislative
$
706,237
110.5%
1,662,057
1,792,690
107.9%
-
-
-
-
-
-
-
-
959,802
1,052,372
109.6%
-
-
-
-
-
-
-
-
Administrative Services Department
8,510,814
7,601,123
89.3%
-
-
-
-
-
-
-
-
Community Development
2,707,545
2,606,953
96.3%
-
-
-
-
-
-
-
-
City Administration
Law Department
639,028
-
$
-
$
-
-
-
Police Department
27,994,019
27,973,626
99.9%
-
-
-
-
-
-
-
-
Fire & Life Safety Services
14,238,555
14,679,164
103.1%
-
-
-
-
-
-
-
-
Health Department
3,117,681
3,009,986
96.5%
-
-
-
-
-
-
-
-
18,604,977
18,459,022
99.2%
10,714,333
8,618,137
80.4%
-
-
-
-
5,309,082
4,854,723
-
-
5,180,000
980,659
18.9%
-
-
-
-
-
-
10,654,760
11,330,293
-
-
-
-
-
-
-
-
-
-
Transfer to Fleet Fund
936,500
936,500
100.0%
Transfer to Debt Service Fund
609,000
609,000
100.0%
-
-
-
-
-
-
-
-
Utilities - Operating
-
-
-
-
13,451,635
9,163,405
68.1%
13,006,620
12,537,282
96.4%
-
-
Utilities - Capital Outlay
-
-
-
-
10,538,100
9,460,162
89.8%
3,272,500
2,086,176
63.7%
-
-
90,634,738
$ 90,756,966
23,989,735
$ 18,623,567
77.6%
16,279,120
$ 14,623,458
89.8%
$ 5,309,082
$ 4,854,723
Public Works - Operating
Public Works - Capital Outlay
Parks, Recreation & Comm. Services
Capital Improvement Transfer
Total Expenditures
$
106.3%
100.1%
$ 15,894,333
$
9,598,796
60.4%
$
30 of 33
$
91.4%
91.4%
Memorandum
To:
Wally Bobkiewicz, City Manager
Martin Lyons, Asst. City Manager/CFO
From:
Andrew Villamin, Interim Accounting Manager
Subject:
FY2014 – 4th Quarter End Investment Report
Date:
March 10, 2015
Attached please find the investment report as of December 31, 2014.
A comparison between the 2014 third quarter investment report and the fourth quarter
indicates a decrease in combined cash & investments of $27,489,641 from $92,167,310 to
$64,677,669. Cash and investment changes from the previous period are summarized
below:
12/31/2014
9/30/2014
Change
Cash
Investments
$ 23,288,581
$ 41,389,088
$ 41,908,027
$ 50,259,283
$ (18,619,446)
$ (8,870,195)
Total
$ 64,677,669
$ 92,167,310
$ (27,489,641)
The net decrease of $27.5M in cash and investments was primarily due to the debt service
payments, IEPA loan payments, capital outlays and operating expenses during the fourth
quarter. The City paid $17.1M in debt service payments, $2.4M in IEPA loan payments,
capital outlay in Water and CIP of approximately $4M, and $4M in operating expenses in
the General Fund during the fourth quarter of 2014. Cash balances as of December 31,
2013 were $60.4M.
As of December 31, 2014, ledger balances showed the highest percentage of total
deposits was held by US Bank (Illinois Funds) with $29.6M or 45.8% of the City’s $64.7M
in cash and investments followed by First Bank and Trust with $22.3M or 34.4% of the
total, PMA at approximately $8M or 12.4% of the total, and IMET at approximately $3.8M
or 5.8% of the total. The remaining $1M or 1.6% of the funds were invested with Chase
Bank. Per City’s investment policy, no financial institution should have greater than 50% of
the city’s total deposits. The Finance Staff will continue to closely monitor the balances to
have a suitable investment mix in compliance of the City Investment policy to maximize
returns on investments.
If you have any questions on this report or would like to discuss in greater detail, please
contact me @ (847) 866-2903 or at avillamin@cityofevanston.org.
31 of 33
City of Evanston
Cash & Investment Summary by Fund
December 31, 2014
Fund #
100
175
185
186
195
200
205
210
215
220
225
235
240
250
300
305
310
315
320
330
335
415
420
505
510
515
520
600
601
605
Fund
General
General Assistance
Library
Library Debt Service
Neighborhood Stabilization
MFT
E911
SSD4
CDBG
CD Loan
Economic Dev.
Neighborhood Improvement
Home
Affordable Housing
Washington National TIF
SSD5
Howard Hartrey
Southwest TIF
Debt Service
Howard Ridge
West Evanston
Capital Improvements
Special Assessment
Parking
Water
Sewer
Solid Waste
Fleet
Equipment Replacement
Insurance
Cash
Investments
4,795,105
72,835
1,091,071
245,756
99,440
911,477
1,816,151
4,041,431
90,539
152,654
552,435
10,022,360
239,410
10,090,753
7,024,313
4,985
(1,635,518)*
(2,458)
149,924
(94,825)*
(5,000)
36,859
(5,025)
(571,425)
(520,056)
(860,098)
(1,354,076)*
(408,781)*
120,952
1,257,227
23,030
582,947
2,304,176
2,983,589
2,201,198
4,163,280
41,389,088
(4,240,138)
64,677,670
2,306,667
645,732
392,040
363,495
5,117,080
1,281,419
154,567
27,528,720
* Includes negative cash balance reclassed to interfund liability.
32 of 33
1,052,864
(12,424)
(424,319)
(2,409)*
(10,833)
(69,417)
(95,382)*
(189,039)*
(245,289)
19,878
(102,122)
Total
6,093,725
159,851
666,752
(2,409)
210,065
2,237,250
550,349
(189,039)
(147,183)
146,145
3,020,779
149,915
(143)
862,001
5,770,506
400,694
2,405,913
909,019
2,056,615
57,829
570,465
10,642,166
2,538,561
12,502,917
8,705,454
3,308,167
(1,354,076)
(408,781)
1,402,371
1,411,793
220,899
98,106
126,267
2,730,860
149,915
6,679
489,672
924,784
400,694
Interfund
(6,822)
8,834
(271,358)
City of Evanston
Cash & Investments Bank
December 31, 2014
Investment
Description
Investment
Type
Bank
Fiscal YTD
Est. Income
Rate
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
IL Funds
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US Bank
US BANK Total
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
0.016
Money Market Fund
Money Market Fund
Money Market Fund
Money Market Fund
Money Market Fund
Money Market Fund
Money Market Fund
Money Market Fund
Money Market Fund
Money Market Fund
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
MMA
IMET
IMET
IMET
IMET
IMET
IMET
IMET
IMET
IMET
IMET
IMET Total
Money Market Fund
MMA
PMA
PMA Total
Fund #
Fund
22
80
1,463
35
154
678
323
1
4,737
245,756
99,440
2,306,667
645,732
392,040
363,495
4,646,645
3,677,386
1,348
139,125
502,828
9,141,786
217,844
961,416
4,240,378
2,018,414
4,985
29,605,286
100
175
200
205
225
250
300
310
320
330
335
415
420
505
510
511
515
General
General Assistance
MFT
E911
Economic Development
Affordable Housing
Washington National
HH TIF
Debt Service
Howard Ridge TIF
West Evanston TIF
Capital Improvements
Special Assessment
Parking
Water
Water BD & INT
Sewer
0.270
0.270
0.270
0.270
0.270
0.270
0.270
0.270
0.270
0.270
1,270
983
241
36
134
2,378
58
3,049
1,453
614
10,215
470,435
364,045
89,191
13,529
49,607
880,574
21,566
1,129,270
538,146
227,374
3,783,736
300
310
320
330
335
415
420
505
510
511
Washington National
Howard Hartrey TIF
Debt Service
Howard Ridge TIF
West Evanston TIF
Capital Improvements
Special Assessments
Parking
Water
Water BD & INT
0.150
66
66
8,000,066
8,000,066
505
Parking
15,018
41,389,088
Chase
925,259
1st Bank
3,869,846
72,835
1,091,071
0
220,899
0
Grand Total
39
16
369
103
63
58
743
588
Investment
Amount
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
CASH
/ INVESTMENT
GENERAL
LEDGER
BALANCES BY
BANK
1ST Bank
Chase
PMA
IMET
US Bank
Total
Total
4,795,105
72,835
1,091,071
0
220,899
0
0
98,106
126,267
2,730,860
149,915
6,679
489,672
924,784
400,694
0
911,477
1,816,151
0
23,030
582,947
2,304,176
2,983,589
2,201,198
4,163,280
0
1,281,419
154,567
27,528,720
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
Cash
27,528,720
(4,240,138)
23,288,582
Total Investments & Cash
64,677,670
Cash
%
Amount
22,285,017
1,003,564
8,000,066
3,783,736
29,605,286
41,389,088
1,003,564
Total Cash
Interfunds & negative cash
Net Cash
Investments
Amount
78,305
98,106
126,267
2,730,860
149,915
6,679
489,672
924,784
400,694
0
911,477
1,816,151
0
23,030
582,947
2,304,176
2,983,589
2,201,198
4,084,975
0
1,281,419
154,567
26,525,155
Total
%
95.69%
4.31%
19.33%
9.14%
71.53%
100.00%
33 of 33
23,288,582
100
175
185
186
195
205
210
215
220
225
235
240
250
300
305
310
315
320
330
335
415
420
505
510
515
520
601
605
100.00%
Amount
22,285,017
1,003,564
8,000,066
3,783,736
29,605,286
64,677,670
%
34.46%
1.55%
12.37%
5.85%
45.77%
100.00%
General
General Assistance
Library
Library Debt Service
Neighbrhd Stablztn
E911
SSD 4
CDBG
CD Loan
Economic Dev.
Neighbrhd Improvemt
Home
Affordable Housing
Washington National TIF
SSD5
Howard Hartrey
Southwest TIF
Debt
Howard Ridge
West Evanston
Capital Improvements
Special Assess
Parking
Water
Sewer
Solid Waste
Equipment Replacemt
Insurance