HomeMy WebLinkAbout2015 Annual Comprehensive Financial Report
CITY OF EVANSTON, ILLINOIS
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
For the Year Ended
December 31, 2015
Prepared by Administrative Services Department
CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS
Page(s)
INTRODUCTORY SECTION
Principal Officials ......................................................................................................... i
Organization Chart ........................................................................................................ ii
Certificate of Achievement for Excellence in Financial Reporting .............................. iii
Letter of Transmittal ..................................................................................................... iv-xi
FINANCIAL SECTION
INDEPENDENT AUDITOR’S REPORT .................................................................... 1-3
GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS
Management’s Discussion and Analysis .................................................................. MD&A 1-8
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Position ............................................................................... 4-5
Statement of Activities ................................................................................... 6-7
Fund Financial Statements
Governmental Funds
Balance Sheet ............................................................................................. 8-9
Reconciliation of Fund Balances of Governmental Funds to
the Governmental Activities in the Statement of Net Position ................ 10
Statement of Revenues, Expenditures, and
Changes in Fund Balances ....................................................................... 11
Reconciliation of Governmental Funds Statement of Revenues,
Expenditures, and Changes in Fund Balances to the Governmental
Activities in the Statement of Activities .................................................. 12
CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS (Continued)
Basic Financial Statements (Continued)
Fund Financial Statements (Continued)
Proprietary Funds
Statement of Net Position .......................................................................... 13-14
Combining Statement of Revenues, Expenses, and
Changes in Fund Net Position ................................................................. 15-16
Statement of Cash Flows ........................................................................... 17-18
Fiduciary Funds
Statement of Fiduciary Net Position .......................................................... 19
Statement of Changes in Plan Net Position ............................................... 20
Notes to Financial Statements ............................................................................. 21-81
Required Supplementary Information
Schedule of Funding Progress and Employer Contributions
Other Postemployment Benefits ..................................................................... 82
Schedule of Employer Contributions
Illinois Municipal Retirement Fund ............................................................... 83
Police Pension Fund ....................................................................................... 84
Firefighters' Pension Fund .............................................................................. 85
Schedule of Changes in the Employer’s Net Pension Liability
and Related Ratios
Illinois Municipal Retirement Fund ................................................................ 86
Police Pension Fund ....................................................................................... 87
Firefighters’ Pension Fund ............................................................................. 88
Schedule of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual - General Fund .................................................................... 89
CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS (Continued)
Required Supplementary Information (Continued)
Schedule of Investment Returns
Police Pension Fund ....................................................................................... 90
Firefighters’ Pension Fund ............................................................................. 91
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES
MAJOR GOVERNMENTAL FUNDS
Schedule of Revenues - Budget and Actual - General Fund ............................... 92-95
Schedule of Expenditures - Budget and Actual - General Fund.......................... 96
Combining Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
General Obligation Debt Fund ....................................................................... 97
NONMAJOR GOVERNMENTAL FUNDS
Combining Balance Sheet ................................................................................... 98-101
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances .......................................................................... 102-105
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Motor Fuel Tax Fund ...................................................................................... 106
Economic Development Fund ........................................................................ 107
Emergency Telephone System Fund .............................................................. 108
Neighborhood Improvement Fund ................................................................. 109
Affordable Housing Fund ............................................................................... 110
HOME Fund ................................................................................................... 111
Community Development Block Grant Fund ................................................. 112
Schedule of Expenditures - Budget and Actual
Community Development Block Grant Fund ................................................. 113
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Community Development Loan Fund ............................................................ 114
Neighborhood Stabilization Program 2 Fund ................................................. 115
Special Service District No. 4 Fund ............................................................... 116
CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES (Continued)
NONMAJOR GOVERNMENTAL FUNDS (Continued)
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
General Assistance Fund ................................................................................ 117
Capital Improvements Fund ........................................................................... 118
Special Assessment Capital Projects Fund ..................................................... 119
Combining Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual - Debt Service Funds............. 120-122
ENTERPRISE FUNDS
Water Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
Budget and Actual ........................................................................................ 123
Water Fund - Operation and Maintenance Account
Schedule of Operating Revenues - Budget and Actual................................... 124
INTERNAL SERVICE FUNDS
Combining Statement of Net Position ................................................................. 125
Combining Statement of Revenues, Expenses, and
Changes in Net Position .................................................................................... 126
Combining Statement of Cash Flows .................................................................. 127
COMPONENT UNIT - PUBLIC LIBRARY
All Governmental Funds
Combining Balance Sheet/Statement of Net Position .................................... 128
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances/Statement of Activities ...................................... 129
Major Governmental Funds
Library Operating Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual .......................................................... 130
CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
STATISTICAL SECTION
Net Position by Component .......................................................................................... 131
Changes in Net Position ................................................................................................ 132
Fund Balances, Governmental Funds ........................................................................... 133
Changes in Fund Balances, Governmental Funds......................................................... 134
Equalized Assessed Value and Actual Value of Taxable Property ............................... 135
Principal Property Taxpayers ........................................................................................ 136
Property Tax Levies and Collections ............................................................................ 137
Ratios of General Bonded Debt Outstanding ................................................................ 138
Ratios of Outstanding Debt by Type ............................................................................. 139
Direct and Overlapping Governmental Activities Debt ................................................ 140
Legal Debt Margin ........................................................................................................ 141
Pledged-Revenue Coverage .......................................................................................... 142
Demographic and Economic Statistics ......................................................................... 143
Principal Employers ...................................................................................................... 144
Full-Time Equivalent City Government Employees by Function................................. 145
Property Tax Rates per $100 - Direct and Overlapping Governments ......................... 146
Water Sold by Type of Customer (in 100 cubic feet) ................................................... 147
Water Sold by Major Customers ................................................................................... 148
Operating Indicators by Function/Program ................................................................... 149
Capital Assets Statistics by Function ............................................................................ 150
COMPLIANCE SECTION
INDEPENDENT ACCOUNTANT’S REPORT ON COMPLIANCE
WITH STATE OF ILLINOIS PUBLIC ACT 85-1142 ............................................... 151
INTRODUCTORY SECTION
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CITY OF EVANSTON, ILLINOIS
Principal Officials
December 31, 2015
LEGISLATIVE
Elizabeth B. Tisdahl, Mayor
Judy Fiske Alderman – 1st Ward
Peter Braithwaite Alderman – 2nd Ward
Melissa A. Wynne Alderman – 3rd Ward
Donald N. Wilson Alderman – 4th Ward
Delores A. Holmes Alderman – 5th Ward
Mark Tendam Alderman – 6th Ward
Eleanor Revelle Alderman – 7th Ward
Ann Rainey Alderman – 8th Ward
Brian Miller Alderman – 9th Ward
Rodney Greene, City Clerk
EXECUTIVE
Wally Bobkiewicz, City Manager
Martin Lyons, City Treasurer/Assistant City Manager
ADMINISTRATIVE
Budget and Finance Manager Health and Human Services
Ashley King Director
Howard Killian
Fire Chief City Attorney
Greg Klaiber Grant Farrar
Police Chief Library Director
Richard Eddington Karen Danczak
Community & Economic Development Parks, Recreation, & Community
Director Services Director
Mark Muenzer Lawrence Hemingway
Administrative Services Director Public Works Agency Director
Erika Storlie Dave Stoneback
CITY MANAGER
ADMINISTRATIVE
SERVICES PUBLIC WORKS
LAW UTILITIES
PARKS, RECREATION &
COMMUNITY SERVICES
COMMUNITY
DEVELOPMENT
HEALTH AND
HUMAN SERVICES
FIRE POLICE
CITY OF EVANSTON
ORGANIZATION CHART
RESIDENTS
MAYOR
ADVISORY BOARDS
AND COMMISSIONS CITY CLERK
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City Manager’s Office
2100 Ridge Avenue
Evanston, Illinois 60201-2798
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August 5, 2016
The Honorable Mayor Elizabeth B. Tisdahl,
Members of the City Council
City of Evanston, Illinois
INTRODUCTION
The Comprehensive Annual Financial Report (CAFR) of the City of Evanston (City) for
the fiscal year ended December 31, 2015 is hereby submitted. The CAFR is prepared by
the City’s Finance Division in accordance with the financial reporting principles and
standards set forth by the Governmental Accounting Standards Board (GASB).
Responsibility for both the accuracy of the data and the completeness and fairness of the
presentation, including all disclosures, rests with the City. We believe the enclosed data
is accurate in all material respects and is reported in a manner designed to fairly present
the financial position and results of operations of the various funds and capital assets of
the City. All disclosures needed to enable the reader to understand the City's financial
activities have been included.
This report consists of management’s representations concerning the finances of the City
of Evanston for the period of January 1, 2015 to December 31, 2015. Management
assumes full responsibility for the completeness and reliability of all of the information
presented in this report. To provide a reasonable basis for making these representations,
City management has established a comprehensive internal control framework that is
designed to both protect the government’s assets from loss, theft, or misuse and to
compile sufficient, reliable information for the preparation of the City of Evanston’s
financial statements in conformity with generally accepted accounting principles (GAAP)
within the United States of America. Because the cost of internal controls should not
outweigh their benefits, the City’s comprehensive framework of internal controls has been
designed to provide reasonable, rather than absolute, assurance that the financial
statements will be free from material misstatement. As management, we assert that to
the best of our knowledge and belief, this financial report is complete and reliable in all
material respects.
The City is required to undergo an annual single audit in conformity with the provisions of
the Single Audit Act of 1984 as amended and U.S. Office of Management and Budget
Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations.
Information related to this single audit, including the schedule of federal financial
assistance, findings and recommendations, and auditors' reports on the internal control
2100 Ridge Avenue
Evanston, Illinois 60201-2798
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structure and compliance with applicable laws and regulations, is to be presented in a
separate single audit report.
This report includes all the funds and capital assets of the City and its component unit,
the Evanston Library. The Town of the City of Evanston (the Township) has been
previously presented as a separate legal entity which administered General Assistance
for food, shelter and medical needs. Effective 12:00 a.m. May 1, 2014, the City of
Evanston assumed all rights, powers, assets, property, obligations and duties of the
Evanston Township, including the responsibility of providing the services that were
previously provided by the Township. Beginning May 1, 2014, the functions of the
Township are reported along with the City. This CAFR is the first time that a full year of
township functions are reported with the City.
Library activity numbers are shown separately as a discrete component unit based on an
ordinance passed by the City Council March 10, 2012 giving Library independence in
running day to day operations. The Library has a separate Board whose members are
appointed by the Mayor.
The City’s financial statements have been audited by Sikich LLP, a firm of licensed
certified public accountants. The goal of the independent audit is to provide reasonable
assurance that the financial statements of the City of Evanston for the fiscal year ended
December 31, 2015, are free of material misstatement. The independent audit involved
examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant estimates
by management, and evaluating the overall financial st atement presentation. The
independent auditors concluded, based upon the audit, that there was a reasonable basis
for rendering an unmodified opinion that the City’s financial statements for the fiscal year
ended December 31, 2015, are fairly presented in conformity with GAAP. The
independent auditors’ report is presented as the first component of the financial section
of this report.
GAAP requires that management provide a narrative introduction, overview, and analysis
to accompany the basic financial statements in the form of Management’s Discussion and
Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and
should be read in conjunction with it. The City’s MD&A can be found immediately
following the report of the independent auditors.
PROFILE OF THE CITY OF EVANSTON
The City: The City of Evanston constitutes many communities, perspectives, and
qualities as a Chicago suburb with a major university, urban center, and lakefront; It has
apartments, condominiums, and student housing; Its residents are commuters and locally
employed workers; Its downtown is prospering, and neighborhood commercial centers
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are also strong and developing. It is a part of the Chicago land economy and has a
vigorous commercial and professional economy of its own. A population of approximately
75,000 is diverse by race, religion, age, education, economics, and occupation. With
8,700 people per square mile, Evanston has double the population density of the average
North and Northwest suburb, and approximately half the density of Chicago. The City
has over 260 acres in 75 parks and 5 beaches.
Evanston is contiguous with Chicago, and only 13 miles by rapid transit, commuter rail,
expressway, or parkway from downtown Chicago. It borders the north shore communities
of Skokie and Wilmette.
In 1863, the Village of Evanston was incorporated as a town , and after several
annexations in 1892, the town became a city. The City’s southern boundar y of
approximately eight square miles was established with the City of Chicago and the
present City limits. The City also has four miles of shoreline along Lake Michigan.
Evanston is the home of Northwestern University, aptly named to serve the Northwest
Territory. The University first platted the village which surrounded it. The continued
vitality of the University and the cooperative relationship between the City and University
adds to the total Evanston community.
The Government: The City is a home rule municipality under the Illinois Constitution. As
such, it has no tax rate or debt limits imposed by Illinois statute, nor is it required to
conduct a referendum to authorize the increase of debt or the imposition of real estate
property taxes.
The City has a Council/Manager form of government with an elected Mayor. The Mayor
is elected to a four-year term. The Aldermen each represent one of nine wards and are
elected to terms of four years. The City Council is organized into four standing
committees: Administration and Public Works, Human Services, Planning and
Development, and Rules. The City Council has also established several special
committees, commissions and advisory boards.
The City Manager is the Chief Executive Officer of the City and is responsible for the
management of all City operations under the direction of the City Council. The City
Manager appoints and supervises the directors of the City’s 11 departments. The
Assistant City Manager acts as Chief Financial Officer/Treasurer and is responsible for
the central financial and administrative functions of the City.
The City provides a broad range of municipal services, including police and fire protection,
streets and parking, water and sewer service, public libraries, health services, lakefront
beaches, parks and recreation activities, cultural events, and community and economic
development activities.
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Schools are provided by separate school districts which are governed by elected school
boards. A portion of the City is served by the Skokie Park District. Wastewater treatment
is provided by the Metropolitan Water Reclamation District.
Budget Process: The City’s fiscal year 2016 began on January 1, 2016. The City
Manager submitted to the City Council a proposed operating budget in October for the
fiscal year 2016 commencing the following January 1. The City staff will start a budget
process for fiscal year 2017 in July 2016. The Council is expected to adopt the budget
by November, 2016.
The City Manager is authorized to transfer budgeted amounts between departments
within any fund (such as the General Fund). However, any revisions that alter the total
expenditures of any fund must be approved by the City Council.
Budgets are legally adopted on a basis consistent with accounting principles generally
accepted in the United States of America. For purposes of preparing the General Fund
schedule of revenues (budget and actual), GAAP revenue and expenditures have been
adjusted to the budgetary basis. The budgets of the governmental type funds are
prepared on a cash basis. The Comprehensive Annual Financial Report (CAFR) of the
City presents expenditures and revenues on both a GAAP basis and a budgetary basis
for comparison.
The City uses funds to report on both its financial position and results of its operations.
Fund accounting is designated to demonstrate legal compliance and to aid in financial
management by segregating transactions related to certain City functions or activities.
Each fund is a separate, self-balancing accounting entity. In the City, there are three
categories of funds: governmental, proprietary and fiduciary. Governmental funds are
used to account for all or most of the City’s general activities, including the collection and
disbursement of earmarked monies (special revenue funds), the acquisition or
construction of capital assets (capital project funds), and the servicing of general long -
term debt (debt service funds). The General Fund is used to account for all activities of
the City not accounted for in other funds. In the fiscal year 2015, the City projects that
36.69% ($111.7 million-including transfers) of all City expenditures will occur in the
General Fund. The primary reason for the increase over the 2015 budget/CAFR is the
presentation of the pension funds. 2016 shows police and fire pension expenses both in
the General Fund and in the pension funds. Other major funds include the General
Obligation Debt, Parking, Water, and Sewer Funds.
The Enterprise Funds (Water, Parking, Solid Waste Fund and Sewer) are operated and
budgeted on a full accrual basis. Expenses are recognized when a commitment is made,
and revenues are recognized when they are obligated to the City (For example, water
user fees are recognized as revenue when bills are produced).
2100 Ridge Avenue
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TTY 847.448 8064
www.cityofevanston.org
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Financial Control Procedures: The City reports financial results based on generally
accepted accounting principles as promulgated by the GASB. The accounts of the City
are divided into separate self -balancing funds comprised of its assets, liabilities, fund
equity, revenues, and expenditures, as appropriate.
The City’s expenditures are monitored on a regular basis by the Administrative Services
Department. Disbursements are made by fund and only if expenditures are within the
authorized budget.
MAJOR INITIATIVES – FISCAL YEAR 2016
The City Manager’s Office will: Continue to focus on five areas for City economic
development activities: 1) Attraction and retention of retailers; 2) Workforce development
partnerships; 3) Support of arts and entertainment-focused businesses and ventures; 4)
Entrepreneurship, and; 5) Support of the City’s Quality of Place initiative that define the
City’s attractiveness to residents and businesses. The City of Evanston’s livability
initiative also aims to support people through all stages of life and connect them to
housing, transportation, and recreation opportunities. Evanston has joined the World
Health Organization’s “Age-Friendly Cities” project to provide a system to educate,
encourage, promote, and recognize improvements. This will make Evanston more user -
friendly, not only for senior residents but for residents of all ages. Under this project, the
City is in the final stages of developing a three-year City-wide action plan for ongoing
improvement of “age-friendliness."
Evanston works to measure performance and drive continuous improvement around
creating a livable, sustainable city by participating in the STAR Community Rating
System. STAR assesses a community’s ability to provide for the health and well-being
of people, a strong local economy, and environmental stewardship. Evanston was one of
the first 50 communities to complete the self-assessment and received a 4-STAR
Certification for National Excellence in Sustainability. Evanston uses the STAR framework
on an on-going basis to evaluate and enhance the City’s performance. This
includes engaging residents, providing quality services, supporting transparent city
ordinances and good planning, and developing and maintaining inclusive and equitable
infrastructure. This holistic view of community fits with Evanston’s long-standing
leadership in sustainability and its mission of creating the most livable city in America.
Evanston’s participation in STAR Communities is coordinated by the Sustainability
Manager under the City Manager’s Office.
The Law Department will: Continue to provide legal support to all City departments
including but not limited to the preparation of ordinances, resolutions and agreements
and contracts as needed to effectively operate the City. The department will continue
representation in City labor contracts negotiations, evaluate possible revisions to zoning
and planning regulations, evaluate and pursue legal strategies for revenue
enhancements, and evaluate new risk management strategies for City departments.
2100 Ridge Avenue
Evanston, Illinois 60201-2798
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www.cityofevanston.org
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The Administrative Services Department will: Include facilities and a new group, Digital
Services, effective 2016. The Department will then consist of Digital Services, Information
Technology, Human Resources, Facilities, and Parking/Fleet. The Facilities Management
Division supports all City departments by providing a functional work environment,
including power, lights, HVAC and plumbing. Staff completes over 3,000 work orders and
provides over 2,000 hours in preventive maintenance annually. They maintain over 2.1
million sq. ft. of property including 1,129 plumbing fixtures; 294 electrical panels; 3,068
exterior lighting fixtures; 2,294 lock sets and 96 drinking fountains, as well as conduct an
annual inspection of 89 RPZ’s (backflow prevention valves, such as in drinking fountains,
to prevent contamination of the City’s water supply).
The Community Development Department will: Continue neighborhood revitalization and
affordable housing. The department will continue to have a special emphasis on the
acquisition and rehab of multi-family homes and foreclosed properties as part of housing
activity. The department will work to improve connections and expand options for
addressing first/last mile networks to transit within Evanston for all community members:
residents, commuters, and visitors. The Department will also implement the DIVVY Bike
Share.
The Police Department will: Strengthen community engagement efforts with commitment
to the Law and Your Community Program, a program that reaches both the school and
church groups. The Police will attend and participate in Black Male and Black Female
summits hosted at Evanston Township High School and participate in all block parties,
festivals, holiday events, and sporting events.
The Fire Department will: Initiate an “After the Fire Assistance” program through the Fire
Prevention Bureau. The Fire Department’s Emergency Management will also work city-
wide to prepare all Departments to act, continue to function, and recover, should natural
or man-made events adversely affect the city.
The Health and Human Services Department will: Learn more about the availability of
affordable housing in Evanston. The department will host a job fair for General Assistant
clients in partnership with external organizations, recruit 1,000 women for the an nual
Women Out Walking event, and host the first inaugural Men’s Health Fair. The
Department will work with the State of Illinois to re -certify.
The Public Works Agency: Was solidified with funding during the adoption of the 2016
Budget. This group will include the former Public Works Department and Utilities
Department functions under four new bureaus: Water Production, Environmental
Services, Capital Planning & Engineering, and Infrastructure Maintenance.
The Parks, Recreation and Community Services will: Expand recreation opportunities
through program development and special events at the Gibbs-Morrison Cultural Center.
2100 Ridge Avenue
Evanston, Illinois 60201-2798
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www.cityofevanston.org
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It will also expand the nature-oriented programming at the Ecology Center, as a result of
the new room addition to the facility. The Parks’ Department administers the Mayor’s
Summer Youth Program with a 2016 goal to employ 750 Evanston youth. To accomplish
this goal, the City is soliciting grant support and hiring participation from key stakeholders
among Evanston’s business, education, philanthropic and faith-based communities,
notable agencies and local citizens.
Library operations are shown separately in the City Comprehensive Annual Financial
Report as a discrete component unit. The Evanston Public Library promotes the
development of independent, self -confident, and literate citizens through the provision of
open access to cultural, intellectual, and informational resources for all ages.
The Library will: Further develop partnerships with schools, community organizations,
business and City recreation centers to deliver services throughout Evanston. The Library
will expand programs and expand print, in-person, and virtual readers’ advisory services
to children, teens, and adults throughout Evanston in order to foster a love of reading and
learning.
FACTORS AFFECTING FINANCIAL CONDITION
The following are factors which give a broader context to the financial information
contained in this CAFR report.
Local Economy: The global economy showed signs of steady recovery in 2015 with
leading economic indicators showing moderate increases compared to 2014. Most of the
economically sensitive revenues such as Sales Tax, Home Rule Sales Tax, Local Motor
Fuel Tax and Use Tax revenues were higher than budgeted revenues. The City of
Evanston continues to worry about the State of Illinois’ financial position. As of May 15,
2016 the State continues to operate without a budget since June 30, 2015. State
legislators have passed monthly budgets, but have failed to address comprehensive
State-wide budget issues which may impact local revenue sources.
AWARDS AND ACKNOWLEDGMENTS
The Government Finance Officers Association (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the City for its comprehensive
annual financial report for the fiscal year ended December 31, 2014. In order to be
awarded a Certificate of Achievement, the government published an easily readable and
efficiently organized comprehensive annual financial report. This report satisfied both
generally accepted accounting principles and applicable legal requirements.
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FINANCIAL SECTION
INDEPENDENT AUDITOR’S REPORT
The Honorable Elizabeth B. Tisdahl, Mayor
and Members of the City Council
City of Evanston, Illinois
We have audited the accompanying financial statements of the governmental activities, the
business-type activities, the discretely presented component unit, each major fund, and the
aggregate remaining fund information of the City of Evanston, Illinois (the City), as of and for
the year ended December 31, 2015, and the related notes to the financial statements, which
collectively comprise the City’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements
in accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation , and maintenance of internal control relevant to the
preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor’s Responsibility
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 of America and the standards applicable to financial audits contained in Government
Auditing Standards, issued by the Comptroller General of the United States . Those standards
require that we plan and perform the audit to obtain reasonab le assurance about whether the
financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor’s
judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal control relevant to the City’s preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly,
we express no such opinion. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of significant accounting estimates made by management,
as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinions.
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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, the
discretely presented component unit, each major fund, and the aggregate remaining fund
information of the City of Evanston, Illinois, as of December 31, 2015, and the respective
changes in financial position, and, where applicable, cash flows thereof for the year ended in
conformity with accounting principles generally accepted in the United States of America.
Change in Accounting Principle
As discussed in Note 17, the City adopted GASB Statement No. 68, Accounting and Financial
Reporting for Pensions - an amendment of GASB Statement No. 27, and GASB Statement
No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date - an
amendment of GASB Statement No. 68, which established standards for measuring and
recognizing liabilities, deferred inflows and outflows of resources and expenses; modified certain
disclosures in the notes to financial statements ; and the required supplementary information. Our
opinion is not modified with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis and the 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 Governmental Accounting Standards Board,
who considers it to be an essential part of financi al 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.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City’s basic financial statements as a whole. The introductory section,
combining and individual fund financial statements and schedules, and statistical section are
presented for purposes of additional analysis and are not a required part of the basic financial
statements. The combining and individual fund financial statements and schedules are the
responsibility of management and were derived from and relate directly to the underlying
accounting and other records used to prepare the basic financial statements. The information has
been subjected to the auditing procedures applied in the audit of the basic financial statements
and certain additional procedures, including comparing and reconciling such information directly
- 2 -
to the underlying accounting and other records used to prepare the basic financial statements or
to the basic financial statements themselves, and other additional procedures in accordance with
auditing standards generally accepted in the United States of America . In our opinion, the
information is fairly stated in all material respects in relation to the basic financial statements as
a whole. The introductory and statistical sections have not been subjected to the auditing
procedures applied in the audit of the basic financial statements and, accordingly, we do not
express an opinion or provide any assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
August 5, 2016 on our consideration of the City’s internal control over financial reporting and on
our tests of compliance with certain provisions of laws, regulations, contracts and grant
agreements and other matters. The purpose of that report is to describe the scope of our testing of
internal control over financial reporting and compliance and the results of that testing and not to
provide an opinion on internal control over financial reporting or on compliance. That report is
an integral part of an audit performed in accordance with Government Auditing Standards in
considering the City’s internal control over financial reporting and compliance.
Naperville, Illinois
August 5, 2016
- 3 -
(Unaudited)
MD&A 1
MANAGEMENT’S
DISCUSSION AND ANALYSIS
DECEMBER 31, 2015
The City of Evanston (the City) Discussion and Analysis is designed to (1) assist the reader in focusing on
significant financial issues, (2) provide an overview of the City's financial activity, (3) identify changes in
the City's financial position (its ability to address the next and subsequent year challenges), (4) identify any
material deviations from the financial plan (the approved budget), and (5) identify individual fund issues
or concerns. We encourage readers to consider the information presented here in conjunction with
additional information that we have furnished in our letter of transmittal, which can be found on page 4 of
this report.
FINANCIAL HIGHLIGHTS
The City changed the treatment of property taxes and included the net pension liabilities associated with
Illinois Municipal Retirement, Police and Fire Pension Funds per Government Accounting Standards Board
(GASB) Statements 67/68 for the 2015 fiscal year, which reduced property taxes receivables and increased
liabilities and resulted in a restatement of net position.
A. The City's net position as originally stated in the 2014 Comprehensive Annual Financial Report
(CAFR) was $331,236,733 for Governmental and Business Type Activities. The restated net
position for 2014 is $194,484,215. The 2015 net position increased by $12,277,934 or 6.3%
a. The change in accounting principle amount for Governmental Activities was
$135,349,561.
b. The change in accounting principle amount for Business-type Activities was $145,013.
B. The governmental activities revenue increased by $4,549,034 or 5.0% from the prior period. The
expenses decreased by $6,048,249 or 4.7%.
C. The business-type activities revenue increased by $982,028 or 2.6%. The expenses decreased by
$1,613,897 or 5.1% from the prior period.
D. The total cost of all City programs decreased by $7,662,146 or 4.8%.
USING THIS ANNUAL REPORT
The financial statements focus on both the City as a whole (government-wide) and on the major individual
funds. Both perspectives (government -wide and major fund) allow the user to address relevant questions,
broaden a basis for comparison and enhance the City's accountability.
The City's financial reporting includes the funds of the City (primary government) and additionally,
organizations for which the City is accountable (component unit - the Library). Effective May 1, 2014 the
City of Evanston assumed all rights, powers, assets, properties and duties of the Evanston Township,
including the responsibility of providing the services that were previously provided by the Township. The
functions of the Township are reported along with the City, while the Library financials are shown as a
discrete component unit beginning in 2013.
(Unaudited)
MD&A 2
REPORTING THE CITY AS A WHOLE
Government-wide Financial Statements
The City's annual report includes two government-wide financial statements. These statements provide both
short-term and long-term information about the City's overall status. Financial reporting at this level uses
a perspective similar to that found in the private sector with its basis in full accrual accounting and
elimination or reclassification of internal activities (e.g., the City’s Fleet Maintenance Fund).
The first of these government-wide statements is the Statement of Net Position. This is the City-wide
statement of financial position presenting information that includes all the City's assets and liabilities, with
the difference reported as net position. Beginning in 2013, this statement also includes separate presentation
of Library assets and liabilities. Over time, increases or decreases in net position may serve as a useful
indicator of whether the financial position of the City as a whole is improving or deteriorating. Evaluation
of the overall health of the City would extend to other non-financial factors such as diversification of the
taxpayer base or the condition of City infrastructure in addition to the financial information provided in this
report.
The second government-wide statement is the Statement of Activities - which reports how the City's net
position changed during the current fiscal period. All current period revenues and expenses for the city and
Library are included regardless of when the cash was received or paid. An important purpose of the design
of the statement of activities is to show the financial reliance of the City's distinct activities or functions on
revenues provided by all government-wide sources.
Both government-wide financial statements distinguish governmental activities of the City that are
principally supported by taxes and intergovernmental revenues, such as grants, from business-type activities
that are intended to recover all or a significant portion of their costs through user fees and charges.
Governmental activities include general government, public safety, public service, fleet service, insurance
fund, and culture and recreation. Business-type activities include water and sewer utilities, parking, and
garages. Fiduciary activities, such as employee pension plans and agency funds, are not included in the
government-wide statements since these assets are not available to fund City programs.
The government-wide financial statements are presented on pages 4 - 7 of this report.
REPORTING THE CITY'S MOST SIGNIFICANT FUNDS
Fund Financial Statements
A fund is an accountability unit used to maintain control over resources segregated for specific activities or
objectives. The City uses funds to ensure and demonstrate compliance with finance-related laws and
regulations. Within the basic financial statements, fund financial statements focus on the City's most
significant funds, rather than the City as a whole. Major funds are separately reported, while all others are
combined into a single aggregated presentation. Individual fund data for non-major funds is provided in
the form of combining schedules in a later section of this report.
The City has three kinds of funds:
Governmental funds are reported in the fund financial statements and encompass essentially the same
functions reported as governmental activities in the government -wide financial statements. However, the
focus is very different with fund statements providing a distinctive view of the City's governmental funds.
These statements report short-term fiscal accountability focusing on the use of spendable resources and
balances of spendable resources available at the end of the period. They are useful in evaluating annual
financing requirements of governmental programs and the commitment of spendable resources for the near-
term.
(Unaudited)
MD&A 3
Since the government-wide focus includes the long-term view, comparisons between these two perspectives
may provide insight into the long-term impact of the short-term financing decision. Both the governmental
fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund
balances provide a reconciliation to assist in understanding the differences between these two perspectives.
Budgetary comparison statements for General Fund are included in the required supplementary section of
this report. Budgetary comparison schedules for various special revenue funds and the debt service funds
are also included in the supplementary information section of this report. These statements and schedules
demonstrate compliance with the City's adopted and final revised budget.
The basic government fund financial statements are presented on pages 8 – 12 of this report.
Proprietary funds reported in the fund financial statements generally report services for which the City
charges customers a fee. There are two kinds of proprietary funds. These are enterprise funds and internal
service funds. Enterprise funds essentially encompass the same functions reported as business-type
activities in the government-wide statements. Services such as the water utilities and the parking garages
are provided to customers external to the City organization. Internal service funds provide services and
charge fees to customers within the City organization, such as equipment services (repair and maintenance
of city vehicles) and the insurance fund. Because the City's internal service funds primarily serve
governmental functions, they are included within the governmental activities of the government-wide
financial statements.
Proprietary fund statements and statements for discretely presented component units (reporting is similar
to proprietary funds) provide both short-term and long-term financial information consistent with the focus
provided by the government-wide financial statements. Individual fund information for internal service
funds is found in combining schedules in a later section of this report.
The basic proprietary fund financial statements are presented on pages 13 - 18 of this report.
Fiduciary funds such as the Police and Firefighter's pension plans are reported in the fiduciary fund financial
statements, but are excluded from the government-wide reporting. Fiduciary fund financial statements
report resources that are not available to fund City programs. These financial statements report similarly
to proprietary funds.
The basic fiduciary fund financial statements are presented on pages 19 - 20 of this report.
Notes to the financial statements
The accompanying notes to financial statements provide information essential to a full understanding of the
government-wide and fund financial statements. The notes to the financial statements begin on page 21 of
this report.
Other information
In addition to the basic financial statements and accompanying notes, this report also presents certain
required supplementary information concerning the City's progress in funding its obligations to provide
pension benefits to its employees. Other supplementary information includes detail by fund and component
unit for receivables, payables, transfers, and payments within the reporting entity. Required supplementary
information can be found on pages 82 – 91 of this report.
(Unaudited)
MD&A 4
Major funds and component units are reported in the basic financial statements, as discussed. Combin ing
statements, individual statements and schedules for nonmajor and internal service funds are presented in a
subsequent section of this report beginning on page 92. Additional information on capital assets and
long-term debt can be found on page 39 and 50, respectively.
Financial Analysis of the City as a Whole
The City's combined net position increased by $12,277,934 from $194,484,215, as restated, to
$206,762,149.
STATEMENT OF POSITION
The City’s increase in Net Position after consideration of the increased Pension liability, principally comes
from the reduction of Long-Term Liabilities in the form of IEPA Loan and G.O. Debt retirement.
The City's total revenues decreased by $3,094,252 or 2.3%. The City's total expenses for all programs
decreased by $7,662,146 or 4.7%. Business-type activity revenues increased by $982,028 in the current
fiscal period mainly due to seasonal revenues from Water and Sewer Funds and increased revenues in the
Solid Waste fund. Business-type activity expenses decreased by $1,613,897, while Governmental activity
expense experienced a decrease of $6,413,392.
Governmental Funds: The governmental activities experienced an increase of $4,549,034 in the net position
balance. This is primarily due to net revenues of $3,572,742 and a transfer in of $958,678 from business
and library activities to the government fund.
Business Funds: The business-type activities experienced an increase of $7,728,900 in the net position
balance primarily due to the increase in net position in the Sewer Fund in the amount of $5,356,843 and
Water Fund of $2,088,207.
Governmental Activities Business-type Activities Total Primary Government
2015 2014 2015 2014 2015 2014
Current and Other Assets 97,534,216$ 109,886,723$ 26,300,743$ 29,651,641$ 123,834,959$ 139,538,364$
Capital Assets 166,110,310 161,799,582 339,354,708 335,464,928 505,465,018 497,264,510
Total Assets 263,644,526 271,686,305 365,655,451 365,116,569 629,299,977 636,802,874
Deferred Outflows 30,868,712 - 3,224,853 - 34,093,565 -
294,513,238 271,686,305 368,880,304 365,116,569 663,393,542 636,802,874
Long-Term Liabilities 317,577,205 160,830,581 88,226,770 91,098,072 405,803,975 251,928,653
Other Liabilities 7,167,732 9,969,905 2,246,641 3,424,806 9,414,373 13,394,711
Total Liabilities 324,744,937 170,800,486 90,473,411 94,522,878 415,218,348 265,323,364
Deferred Inflows 41,413,045 40,242,777 - - 41,413,045 40,242,777
Net Investment in
Capital Assets 47,952,870 46,633,381 255,621,565 246,381,653 303,574,435 293,015,034
Restricted 22,389,178 25,297,880 - 649,352 22,389,178 25,947,232
Unrestricted (Deficit)(141,986,792) (11,288,219) 22,785,328 23,562,686 (119,201,464) 12,274,467
Restatement - (136,836,820) - 84,302 - (136,752,518)
Total Net Position (71,644,744)$ (76,193,778)$ 278,406,893$ 270,677,993$ 206,762,149$ 194,484,215$
(Unaudited)
MD&A 5
The following table provides a summary of the City's changes in net position:
STATEMENT OF CHANGES IN NET POSITION
Governmental Activities Business-type Activities Total Primary Government
2015 2014 2015 2014 2015 2014
Revenue
Program Revenues:
Charges for services 25,469,276$ 29,987,632$ 38,400,344$ 37,888,383$ 63,869,620$ 67,876,015$
Operating grants and
contributions 5,534,565 7,151,449 - 14,557 5,534,565 7,166,006
Capital grants and
contributions 275,000 500,089 - - 275,000 500,089
General Revenues:
Sales taxes 17,758,320 17,361,749 - - 17,758,320 17,361,749
Property taxes 45,840,494 48,579,267 - - 45,840,494 48,579,267
Utility taxes 7,081,574 7,677,852 - - 7,081,574 7,677,852
Income taxes 8,266,906 7,053,978 - - 8,266,906 7,053,978
Other 15,601,822 11,879,452 301,360 - 15,903,182 11,879,452
Investment income 29,574 (257,657) 26,946 (156,318) 56,520 (413,975)
Total Revenue 125,857,531 129,933,811 38,728,650 37,746,622 164,586,181 167,680,433
Expenses
General management and
support 12,493,241 13,811,748 - - 12,493,241 13,811,748
Public safety 57,442,662 58,794,752 - - 57,442,662 58,794,752
Public works 20,011,068 25,824,781 - - 20,011,068 25,824,781
Health and human
resources development 2,910,927 3,836,705 - - 2,910,927 3,836,705
Recreation and cultural
opportunities 10,531,792 12,443,348 - - 10,531,792 12,443,348
Housing and economic
development 14,793,647 9,357,861 - - 14,793,647 9,357,861
Interest 3,756,570 3,918,961 - - 3,756,570 3,918,961
Water - - 10,748,028 11,977,496 10,748,028 11,977,496
Sewer - - 6,608,184 7,293,022 6,608,184 7,293,022
Solid Waste - - 5,150,448 4,855,695 5,150,448 4,855,695
Motor vehicle parking
system - - 7,861,680 7,856,024 7,861,680 7,856,024
Total Expense 121,939,907 127,988,156 30,368,340 31,982,237 152,308,247 159,970,393
Increase (decrease) in net
position before transfers 3,917,624 1,945,655 8,360,310 5,764,385 12,277,934 7,710,040
Transfers 631,410 609,866 (631,410) (609,866) - -
Increase/(Decrease) in
Net Position 4,549,034 2,555,521 7,728,900 5,154,519 12,277,934 7,710,040
Net Position - Beginning (76,193,778) 58,087,521 270,677,993 265,439,172 194,484,215 323,526,693
Net Position - Ending (71,644,744)$ 60,643,042$ 278,406,893$ 270,593,691$ 206,762,149$ 331,236,733$
(Unaudited)
MD&A 6
Financial Analysis of the City's Funds
Governmental Funds
As discussed, governmental funds are reported in the fund statement with a short-term inflow and outflow
of spendable resources focus. This information is useful in assessing resources available at the end of the
period in comparison with upcoming financing requirements. Governmental funds reported fund balances
of $37,123,060 as of December 31, 2015 which includes $18,964,955 restricted, $2,276,096 non-spendable,
$2,555,982 committed, $11,189,033 assigned and $4,692,976 unassigned fund balance. The restricted fund
balance consists of amounts required to be set aside by external authorities.
Fund Balance Amounts reported for governmental activities are different than the statement of net position
because of the treatment of capital assets, liabilities, payables and most importantly pension liabilities. This
reporting difference is clearly stated on page 10 of this report.
Major Governmental Funds
The General Fund is the City's primary operating fund and the largest source of day-to-day service delivery.
The fund balance of the General Fund reported a decrease of $2,515,171. Excess of expenditures over
revenues in the amount of $7,114,516 was the result of multiple factors and was also partially offset by
inter-fund transfers to the General Fund. The largest factor in revenues not meeting budgeted expectations
involved the timing of major building permits. Major construction at Northwestern University was delayed,
resulting in building permit revenues being less by $3.0 million. Another major factor in the reduction of
fund balance was the change in the treatment of property taxes, which in previous years included an accrual
of 60 days for said taxes. This change in treatment was made effective in 2014, which also created a
restatement in 2014 ending fund balance.
The 2015 Annual Budget did not include the change in treatment of Police and Firefighter Pension employer
contributions, which are now included in the General Fund. These had previously ben reported in a separate
fund. This increase involved the inclusion of Property tax and Personal Property Replacement Taxes
formerly included in the Police and Firefighter Pension funds. These revenues are now included in the
General Fund and then transferred to the respective pension fund. Excluding these payments brings both
revenues and expenditures in the General Fund under budget for 2015.
The fund balance of the General Obligation Debt Fund had a nominal increase of $552,366, from
$2,043,750 to $2,596,116.
The Employer Pension Contribution Fund has been eliminated in 2015 with the implementation of GASB
67/68 Statements. These expenditures and revenues are now included in the General Fund.
Combined Nonmajor Governmental Funds
Combined nonmajor fund balances totaled $37,123,060, a decrease of $5,945,713 from prior period of
$43,068,773, as restated. Non-major funds with surpluses for the fiscal year include Motor Fuel, Affordable
Housing, Home Fund, Community Development Block Grant, General Assistance, Washington National
TIF Howard Ridge TIF, and West Evanston TIF. Nonmajor funds with deficits for the period include
Economic Development, Emergency Telephone System, Community Development Loan, NSP 2, SSD #4,
Chicago Main TIF, Howard Hartrey TIF, Dempster Dodge TIF, Capital Improvements, and Special
Assessment Capital Projects.
(Unaudited)
MD&A 7
Proprietary Funds
The proprietary fund statements share the same focus as the government -wide statements, reporting both
short-term and long-term information about financial status.
The proprietary funds operated by the City are the Water, Sewer, Solid Waste and Parking Funds. These
funds have a combined increase of $7,728,900 in the net position. The Sewer Fund reported the highest
increase in the amount of $5,356,843. This increase is mainly due to the operating surplus and reduced debt
service expense. The Water and Parking Funds added $2,088,207 and $374,789 respectively to the net
position during the year, offset by a decrease in the Solid Waste Fund of $90,939. Although net position in
these proprietary funds showed an overall healthy increase, it is important to keep in mind that the Sewer
Fund carries a substantial debt level followed by Parking and Water Funds with lesser debts.
Internal Service Funds
The City's combined internal service fund’s net position increased by $1,811,167 from $7,506,986 as of
January 1, 2015, as restated, to $9,318,153 as of December 31, 2015. Fleet Fund and Equipment
Replacement reported a combined net increase in net position of $233,877. The net deficit in the Insurance
Fund decreased by $1,577,290 mainly due to reduction of potential claim liabilities.
General Fund Budgetary Highlights
Total budgetary basis revenues for the General Fund were $96,547,441 while total expenditures were
$103,661,957. Overall General Fund revenue came in higher than budget by $12,425,487. Total
expenditures in the General Fund were higher than budgeted amounts by $14,866,618. The actual net
deficiency of $7,114,516 was offset by $4,599,345 in net transfers in from other funds. As noted previously,
the inclusion of Police and Firefighter pension revenues and expenditures in the General Fund were not a
budgeted item in 2015, but have been budgeted in 2016.
Capital Assets
The City’s Capital Asset policy includes capitalizing equipment and vehicles with $20,000 or more in value
and infrastructure and building improvements with $100,000 or more in value. The City's capital assets
(net of depreciation) for governmental and business-type activities as of December 31, 2015, were
$505,465,018. The governmental funds capital assets had a net increase of $4,310,728, while business type
capital assets increased by $3,889,780. Overall, capital assets increased by 1.7% for the City as a whole.
The net increase in governmental funds capital assets were principally due to an increase in capital projects
for the year. Readers desiring more detailed information on capital asset activity should refer to Note 5 in
the Notes to the Financial Statements.
Long-Term Debt
As of December 31, 2015, the City had outstanding total general obligation bonded debt of $145,641,615
of which $30,957,894 was for business type activities to be paid for by the City's Parking, Water, Solid
Waste and Sewer Funds. This represents a $983,064 decrease from 2014. The City's general obligation
debt service principal payments for 2015 totaled $13,823,064. During the current year, the City issued
$24,170,000 and refunded $11,330,000 in general obligation bonds. As a home rule government under
Illinois law, there is no legal debt limit for the City. Readers desiring more detailed information on long -
term debt should refer to Note 8 in the Notes to the Financial Statements.
(Unaudited)
MD&A 8
Bond Ratings
The City's general obligation bonds are rated Aa1 by Moody's Investor Rating Service and AA+ by Fitch
Ratings. The City's water revenue bonds are rated Aaa and AA for uninsured issues.
Economic Factors
Evanston is a diverse community consisting primarily of residential homes, several nonprofit organizations
including a very well-known private university, two hospitals, and many smaller scale retail shops and
restaurants as well as some popular big box retailers. In general, economically sensitive reven ues such as
Income Tax, Sales Tax, and Real Estate Transfer Tax came in higher than budgeted revenues while Utility
Taxes were below budget. New and Redevelopment construction remains strong at the University and in
the City’s downtown which has added another major hotel, and mixed use multiunit housing structures.
The unemployment rate in Evanston has stayed slightly below same level as many other cities in the State
due in part to the stable economy that includes Northwestern University. The City continues to maintain its
lower unemployment rate compared to state and federal unemployment levels. The primary employers in
the City include Northwestern University, two hospitals, the local high school, and elementary school
district, Rotary International, several not-for-profit organizations, and numerous retail businesses and
restaurants. The City’s equalized assessed value for real property remains stable, however the County of
Cook is completing triennial reassessments and based on individual property analysis, this reassessment
could increase Equalized Assessed values for 2016 and 2017.
Contacting the City's Financial Management
This financial report is designed to provide a general overview of the City's finances, comply with finance-
related laws and regulations, and demonstrate the City's commitment to public accountability. If you have
questions about this report or would like to request additional information, contact the City Manager’s
Office, Finance Division at the City of Evanston, 2100 Ridge Avenue, Evanston, Illinois 60201, Telephone
847-866-2934, or access the website at www.cityofevanston.org.
BASIC FINANCIAL STATEMENTS
Statement of Net Position
Component Unit
Governmental Business-Type Evanston Public
Activities Activities Total Library
ASSETS
Cash 31,513,315$ 22,112,524$ 53,625,839$ 5,066,882$
Cash with fiscal agent 2,157,663 - 2,157,663 -
Receivables (net, where applicable, of
allowances for uncollectibles)
Property taxes 39,341,669 - 39,341,669 6,439,721
Utility taxes 695,078 - 695,078 -
Accounts - 4,730,215 4,730,215 -
Notes 8,826,272 - 8,826,272 -
Special assessments 303,578 - 303,578 -
Other 1,086,214 - 1,086,214 95
Due from other governments 8,849,902 - 8,849,902 -
Due from component unit 505,111 - 505,111 -
Internal balances 1,464,686 (1,464,686) - -
Inventories 892,809 698,690 1,591,499 -
Prepaid items 1,897,919 - 1,897,919 -
Other assets - 224,000 224,000 -
Capital assets
Capital assets not being depreciated 26,201,405 10,541,863 36,743,268 311,380
Capital assets being depreciated, net 139,908,905 328,812,845 468,721,750 12,511,235
Total Assets 263,644,526 365,655,451 629,299,977 24,329,313
DEFERRED OUTFLOWS OF RESOURCES
Pension items - Police Pension 8,804,263 - 8,804,263 -
Pension items - Fire Pension 7,048,312 - 7,048,312 -
Pension items - IMRF 15,016,137 3,224,853 18,240,990 1,595,019
Total Deferred Outflows of Resources 30,868,712 3,224,853 34,093,565 1,595,019
Total Assets and Deferred Outflows
of Resources 294,513,238 368,880,304 663,393,542 25,924,332
CITY OF EVANSTON, ILLINOIS
December 31, 2015
Primary Government
(This statement is continued on the following page.)
- 4 -
Statement of Net Position
Component Unit
Governmental Business-Type Evanston Public
Activities Activities Total Library
LIABILITIES
Vouchers payable 5,603,173$ 1,425,998$ 7,029,171$ 286,690$
Retainage payable - 442,425 442,425 -
Accrued payroll 600,834 - 600,834 -
Accrued interest 374,114 378,218 752,332 -
Due to other governments 213,634 - 213,634 505,111
Due to fiduciary fund 47,302 - 47,302 -
Unearned revenue 328,675 - 328,675 4,141
Noncurrent liabilities
Due within one year 19,790,021 12,121,779 31,911,800 393,002
Due in more than one year 297,787,184 76,104,991 373,892,175 3,218,037
Total Liabilities 324,744,937 90,473,411 415,218,348 4,406,981
DEFERRED INFLOWS OF RESOURCES
Pension items - Police Pension 2,032,166 - 2,032,166 -
Unavailable property taxes 39,380,879 - 39,380,879 6,439,721
Total Deferred Inflows of Resources 41,413,045 - 41,413,045 6,439,721
Total Liabilities and Deferred Inflows
of Resources 366,157,982 90,473,411 456,631,393 10,846,702
NET POSITION
Net investment in capital assets 47,952,870 255,621,565 303,574,435 11,179,234
Restricted for
Highway maintenance 1,830,393 - 1,830,393 -
Emergency telephone system 551,718 - 551,718 -
HUD approved projects 223,017 - 223,017 -
Neighborhood improvements 3,846,576 - 3,846,576 -
Debt service 9,444,030 - 9,444,030 -
General assistance 513,239 - 513,239 -
Endowment - - - 3,744,525
Unrestricted (136,006,587) 22,785,328 (113,221,259) 153,871
Total Net Position (71,644,744)$ 278,406,893$ 206,762,149$ 15,077,630$
Primary Government
CITY OF EVANSTON, ILLINOIS
December 31, 2015
See accompanying notes to financial statements.
- 5 -
Operating Capital
Charges for Grants and Grants and
FUNCTIONS/PROGRAMS Expenses Services Contributions Contributions
PRIMARY GOVERNMENT
Governmental Activities
General management and support 12,493,241$ 8,628,641$ 4,171$ -$
Public safety 57,442,662 3,100,381 142,075 -
Public works 20,011,068 772,100 2,736,049 150,000
Health and human resource development 2,910,927 1,094,615 181,878 -
Recreation and cultural opportunities 10,531,792 5,572,282 200,018 -
Housing and economic development 14,793,647 6,301,257 2,270,374 125,000
Interest 3,756,570 - - -
Total governmental activities 121,939,907 25,469,276 5,534,565 275,000
Business-Type Activities
Water 10,748,028 15,721,606 - -
Sewer 6,608,184 12,510,941 - -
Solid waste 5,150,448 4,003,542 - -
Motor vehicles parking system 7,861,680 6,164,255 - -
Total business-type activities 30,368,340 38,400,344 - -
Total Primary Government 152,308,247$ 63,869,620$ 5,534,565$ 275,000$
Evanston Public Library
Community Services 6,793,557$ 445,800$ 181,283$ -$
Interest 80,802 - - -
Total Evanston Public Library 6,874,359$ 445,800$ 181,283$ -$
CITY OF EVANSTON, ILLINOIS
Statement of Activities
For the Fiscal Year Ended December 31, 2015
Program Revenues
- 6 -
Component
Unit
Total Evanston
Governmental Business-Type Primary Public
Activities Activities Government Library
(3,860,429)$ -$ (3,860,429)$ -$
(54,200,206) - (54,200,206) -
(16,352,919) - (16,352,919) -
(1,634,434) - (1,634,434) -
(4,759,492) - (4,759,492) -
(6,097,016) - (6,097,016) -
(3,756,570) - (3,756,570) -
(90,661,066) - (90,661,066) -
- 4,973,578 4,973,578 -
- 5,902,757 5,902,757 -
- (1,146,906) (1,146,906) -
- (1,697,425) (1,697,425) -
- 8,032,004 8,032,004 -
(90,661,066) 8,032,004 (82,629,062) -
- - - (6,166,474)
- - - (80,802)
- - - (6,247,276)
General Revenues
Taxes
Property tax 45,840,494 - 45,840,494 6,518,663
Other taxes 4,144,317 - 4,144,317 -
Personal property replacement tax 1,312,384 - 1,312,384 46,059
Sales and home rule tax 17,758,320 - 17,758,320 -
Utility tax 7,081,574 - 7,081,574 -
Liquor tax 2,531,974 - 2,531,974 -
Parking tax 2,614,820 - 2,614,820 -
Real estate transfer tax 3,485,534 - 3,485,534 -
Income tax 8,266,906 - 8,266,906 -
Investment income 29,574 26,946 56,520 (51,046)
Gain (loss) on sale of capital assets - 301,360 301,360 -
Miscellaneous 1,512,793 - 1,512,793 50,685
Transfers 631,410 (631,410) - -
Total 95,210,100 (303,104) 94,906,996 6,564,361
Change in Net Position 4,549,034 7,728,900 12,277,934 317,085
Net Position, January 1 60,643,042 270,593,691 331,236,733 15,764,718
Change in Accounting Principle (135,349,561) (145,013) (135,494,574) (114,845)
Prior Period Adjustment (1,487,259) 229,315 (1,257,944) (889,328)
Net Position, January 1, Restated (76,193,778) 270,677,993 194,484,215 14,760,545
Net Position, December 31 (71,644,744)$ 278,406,893$ 206,762,149$ 15,077,630$
Primary Government
Net (Expense) Revenue and Change in Net Position
See accompanying notes to financial statements.
- 7 -
General Nonmajor Total
Obligation Governmental Governmental
General Debt Service Funds Funds
Cash and equivalents 2,168,922$ 247,613$ 26,844,264$ 29,260,799$
Cash with fiscal agent - 2,157,663 - 2,157,663
Receivables
Property taxes 27,177,454 11,049,841 1,114,374 39,341,669
Utility 695,078 - - 695,078
Notes 263,600 - 8,562,672 8,826,272
Special assessments - - 303,578 303,578
Other 263,366 - 816,610 1,079,976
Prepaid items 32,500 - - 32,500
Due from other governments 8,567,535 - 282,367 8,849,902
Due from other funds 2,497,033 206,928 908 2,704,869
Inventory 85,933 - - 85,933
Total Assets 41,751,421$ 13,662,045$ 37,924,773$ 93,338,239$
ASSETS
CITY OF EVANSTON, ILLINOIS
Balance Sheet
Governmental Funds
December 31, 2015
(This statement is continued on the following page.)
- 8 -
General Nonmajor Total
Obligation Governmental Governmental
General Debt Service Funds Funds
Liabilities
Vouchers payable 2,187,056$ 16,088$ 2,902,948$ 5,106,092$
Accrued payroll 600,834 - - 600,834
Due to other governments - - 213,634 213,634
Due to other funds 420,934 - 1,005,459 1,426,393
Advances from other funds 596,000 - - 596,000
Unearned revenue 25,097 - 303,578 328,675
Total Liabilities 3,829,921 16,088 4,425,619 8,271,628
Deferred Inflows of Resources
Long-term loans - - 8,562,672 8,562,672
Unavailable revenue - property taxes 27,216,664 11,049,841 1,114,374 39,380,879
Total Deferred Inflows of Resources 27,216,664 11,049,841 9,677,046 47,943,551
Total Liabilities and Deferred Inflows
of Resources 31,046,585 11,065,929 14,102,665 56,215,179
Fund Balances
Nonspendable
Cash with fiscal agent - 2,157,663 - 2,157,663
Prepaid items 32,500 - - 32,500
Inventory 85,933 - - 85,933
Restricted
Highway maintenance - - 1,830,393 1,830,393
Emergency telephone system - - 551,718 551,718
HUD approved projects - - 223,017 223,017
Neighborhood improvements - - 3,846,576 3,846,576
Debt service - 438,453 9,005,577 9,444,030
Township - - 513,239 513,239
Committed - economic development - - 2,555,982 2,555,982
Assigned
Capital improvements - - 5,517,041 5,517,041
Other 5,671,992 - - 5,671,992
Unassigned 4,914,411 - (221,435) 4,692,976
Total Fund Balances 10,704,836 2,596,116 23,822,108 37,123,060
Total Liabilities, Inflows of Resources,
and Fund Balances 41,751,421$ 13,662,045$ 37,924,773$ 93,338,239$
December 31, 2015
CITY OF EVANSTON, ILLINOIS
Balance Sheet
Governmental Funds
See accompanying notes to financial statements.
- 9 -
Governmental Activities in the Statement of Net Position
Fund Balances of Governmental Funds 37,123,060$
Amounts reported for governmental activities in the statement of
net position are different because:
Capital assets used in governmental activities are not financial
resources and, therefore, are not reported in the governmental funds
Total governmental capital assets 166,110,310
Less internal service fund portion 8,039,500 158,070,810
OPEB liability payable is not due and payable in the current period and,
therefore, is not reported in the governmental funds (1,876,719)
Interest payable is not due and payable in the current period and, therefore,
not reported in the governmental funds (374,114)
Long-term liabilities, including bonds payable, are not due and payable in
the current period and, therefore, are not reported in the governmental funds
General obligation bonds payable (114,683,721)
Bonds premium liability (3,473,719)
First Bank loan (3,548,812)
Compensated absences payable (8,991,381)
Net pension liability is shown as a liability on the statement of net position
Illinois Municipal Retirement Fund (14,555,442)
Police Pension Fund (89,636,697)
Firefighters' Pension Fund (76,415,380)
Differences between expected and actual experiences, assumption changes, net
differences between projected and actual earnings are recognized as deferred
outflows and inflows of resources on the statement of net position
Illinois Municipal Retirement Fund 15,016,137
Police Pension Fund 6,772,097
Firefighters' Pension Fund 7,048,312
Deferred inflows for long-term loans are not a available and,
therefore, not revenue in fund financial statements 8,562,672
The net position of the internal service fund is included in the governmental
activities on the statement of net position 9,318,153
Net Position of Governmental Funds (71,644,744)$
December 31, 2015
CITY OF EVANSTON, ILLINOIS
Reconciliation of Fund Balances of Governmental Funds to the
See accompanying notes to financial statements.
- 10 -
General Nonmajor Total
Obligation Governmental Governmental
General Debt Service Funds Funds
Revenues
Taxes 52,628,569$ 11,156,231$ 11,962,206$ 75,747,006$
Licenses and permits 12,184,303 - - 12,184,303
Special assessments - - 147,831 147,831
Intergovernmental 18,998,689 - 4,835,060 23,833,749
Charges for services 8,224,155 - 87,391 8,311,546
Fines and forfeits 3,554,188 - - 3,554,188
Investment income 6,573 7,668 15,339 29,580
Miscellaneous 950,964 - 771,096 1,722,060
Total Revenues 96,547,441 11,163,899 17,818,923 125,530,263
Expenditures
Current
General management and support 11,753,081 158,835 1,532,104 13,444,020
Public safety 58,461,316 - 1,192,229 59,653,545
Public works 16,866,953 - 2,948,302 19,815,255
Health and human resource development 3,140,999 - - 3,140,999
Recreational and cultural opportunities 11,079,855 - 7,230 11,087,085
Housing and economic development 2,359,753 - 10,932,245 13,291,998
Capital outlay - - 9,151,187 9,151,187
Debt service
Principal - 20,033,118 800,000 20,833,118
Interest - 4,324,904 87,826 4,412,730
Fiscal charges - 15,803 250 16,053
Total Expenditures 103,661,957 24,532,660 26,651,373 154,845,990
Excess (Deficiency) of Revenues
Over Expenditures (7,114,516) (13,368,761) (8,832,450) (29,315,727)
Other Financing Sources (Uses)
Issuance of bonds - 11,075,000 7,605,000 18,680,000
Issuance of loans - - 2,900,000 2,900,000
Premium (discount) on bonds issued - 362,986 433,594 796,580
Payment to escrow agent - - - -
Transfers in 7,769,334 2,483,141 55,713 10,308,188
Transfers (out)(3,169,989) - (6,144,765) (9,314,754)
Total Other Financing Sources (Uses)4,599,345 13,921,127 4,849,542 23,370,014
Net Change in Fund Balances (2,515,171) 552,366 (3,982,908) (5,945,713)
Fund Balances, January 1 14,982,966 3,796,787 37,489,946 56,269,699
Prior Period Adjustment (1,762,959) (1,753,037) (9,684,930) (13,200,926)
Fund Balances, January 1, Restated 13,220,007 2,043,750 27,805,016 43,068,773
Fund Balances, December 31 10,704,836$ 2,596,116$ 23,822,108$ 37,123,060$
CITY OF EVANSTON, ILLINOIS
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended December 31, 2015
See accompanying notes to financial statements.
- 11 -
Net Change in Fund Balances
Total Governmental Funds (5,945,713)$
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlay as expenditures; however, they are capitalized and
and depreciated in the statement of activities 11,550,740
Some expenses in the statement of net assets (e.g., depreciation) do not require the use of
current financial resources and, therefore, are not reported as expenditures in governmental funds
Depreciation (7,893,582)
The issuance of long-term debt is reported as an other financing sources in governmental funds,
but as an increase of principal outstanding in the statement of activities (22,376,580)
The repayment of long-term debt is reported as an expenditure when due in governmental
funds but as a reduction of principal outstanding in the statement of activities 9,503,118
The payment to escrow agent for the amount of bonds refunded is reported as an other
other financing use in governmental funds, but as a decrease of principal outstanding
in the statement of activities, net of interest to call date 11,330,000
The amortization of premium on long-term debt is reported as a reduction of interest
expense on the statement of activities 341,766
Changes in net other postemployment benefits obligations are reported only in the statement of activities (29,770)
The change in compensated absences payable is shown as an expense on the statement of activities 787,329
The change in the accrual of interest is reported as interest expense on the statement of activities 330,447
The change in the net pension liability for the is reported only in the statement of activities
Illinois Municipal Retirement Fund (10,819,895)
Police Pension Fund 3,092,185
Firefighters' Pension Fund (772,891)
The change in deferred inflows and outflows of resources for the
is reported only in the statement of activities
Illinois Municipal Retirement Fund 15,016,137
Police Pension Fund (1,872,099)
Firefighters' Pension Fund 520,615
The changed in deferred inflows for long-term loans is not expense on the statement of activities (23,940)
Internal service funds are reported separately in the fund financial statements 1,811,167
Change in Net Position of Governmental Activities 4,549,034$
CITY OF EVANSTON, ILLINOIS
Reconcilation of Governmental Funds Statement of Revenues,
Expenditures, and Changes in Fund Balances to the Governmental
Activities in the Statement of Activities
For the Fiscal Year Ended December 31, 2015
See accompanying notes to financial statements.
- 12 -
CITY OF EVANSTON, ILLINOIS
Statement of Net Position
Proprietary Funds
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Current Assets
Cash and investments 8,921,336$ 2,264,762$ -$ 10,926,426$ 22,112,524$ 2,252,516$
Receivables
Accounts - water and sewerage charges
Accounts - billed 762,303 362,071 129,972 - 1,254,346 -
Accounts - unbilled 1,013,796 1,878,425 570,364 - 3,462,585 -
Other - - - 13,284 13,284 6,238
Due from other funds 377,670 - - - 377,670 1,381,752
Inventory 536,817 161,873 - - 698,690 806,876
Prepaid expenses - - - - - 1,865,419
Advances to other funds - - - 596,000 596,000 -
Total Current Assets 11,611,922 4,667,131 700,336 11,535,710 28,515,099 6,312,801
Noncurrent Assets
Capital assets
Property, plant, and equipment
Capital assets not being depreciated 6,088,087 4,930 - 4,448,846 10,541,863 -
Capital assets being depreciated 96,543,864 252,619,327 - 86,180,180 435,343,371 23,691,619
Less accumulated depreciation (23,752,320) (54,392,730) - (28,385,476) (106,530,526) (15,652,119)
Total Capital Assets 78,879,631 198,231,527 - 62,243,550 339,354,708 8,039,500
Other assets
Notes receivable - - - 224,000 224,000 -
Total Noncurrent Assets 78,879,631 198,231,527 - 62,467,550 339,578,708 8,039,500
Total Assets 90,491,553 202,898,658 700,336 74,003,260 368,093,807 14,352,301
Deferred Outflows of Resources
Pension items - IMRF 1,957,775 460,906 303,445 502,727 3,224,853 -
Total Deferred Outflow of Resources 1,957,775 460,906 303,445 502,727 3,224,853 -
Total Assets and Deferred
Outflow of Resources 92,449,328 203,359,564 1,003,781 74,505,987 371,318,660 14,352,301
December 31, 2015
(This statement is continued on the following page.)
- 13 -
Statement of Net Position
Proprietary Funds
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Current Liabilities
Vouchers payable 837,933$ 70,929$ 288,962$ 228,174$ 1,425,998$ 497,081$
Retainage payable 391,214 - - 51,211 442,425 -
Interest payable - restricted 53,941 - - - 53,941 -
Interest payable - 290,756 191 33,330 324,277 -
Notes payable - IEPA 109,936 7,155,559 - - 7,265,495 -
Current portion of general
obligation bonds payable 765,266 380,483 17,945 3,507,122 4,670,816 -
Claims payable - - - - - 1,209,500
Due to other funds 305,212 110,981 1,507,972 514,191 2,438,356 141,733
Compensated absences payable 128,788 26,966 6,187 23,527 185,468 19,127
Total Current Liabilities 2,592,290 8,035,674 1,821,257 4,357,555 16,806,776 1,867,441
Noncurrent Liabilities
Notes payable - IEPA 1,903,020 42,732,657 - - 44,635,677 -
General obligation bonds payable 17,113,885 2,835,338 61,692 7,229,877 27,240,792 -
OPEB liability 216,546 60,968 30,504 52,720 360,738 72,331
Net pension liability - IMRF 1,897,710 446,765 294,136 487,304 3,125,915 -
Claims payable - - - - - 3,017,868
Compensated absences payable 515,150 107,865 24,748 94,106 741,869 76,508
Total Noncurrent Liabilities 21,646,311 46,183,593 411,080 7,864,007 76,104,991 3,166,707
Total Liabilities 24,238,601 54,219,267 2,232,337 12,221,562 92,911,767 5,034,148
Net Position
Net investment in capital assets 58,987,524 145,127,490 - 51,506,551 255,621,565 8,039,500
Unrestricted 9,223,203 4,012,808 (1,228,557) 10,777,874 22,785,328 1,278,653
Total Net Position 68,210,727$ 149,140,298$ (1,228,557)$ 62,284,425$ 278,406,893$ 9,318,153$
CITY OF EVANSTON, ILLINOIS
December 31, 2015
See accompanying notes to financial statements.
- 14 -
For the Fiscal Year Ended December 31, 2015
Water Sewer Solid Waste
Operating Revenues
Charges for service 15,005,360$ 12,491,290$ 4,003,542$
Miscellaneous 716,246 19,651 -
Total Operating Revenues 15,721,606 12,510,941 4,003,542
Operating Expenses
Administration 1,473,338 1,587,962 999,691
Operations 6,787,596 29,179 4,148,144
Total Operating Expenses Excluding Depreciation 8,260,934 1,617,141 5,147,835
Operating income (loss) before depreciation 7,460,672 10,893,800 (1,144,293)
Depreciation 2,096,633 3,443,723 -
Operating Income (Loss)5,364,039 7,450,077 (1,144,293)
Non-Operating Revenues (Expenses)
Investment income 5,982 2,706 -
Interest expense (390,461) (1,547,320) (2,613)
Gain (loss) on disposal of capital assets 302,700 - -
Total Non-Operating Revenues (Expenses)(81,779) (1,544,614) (2,613)
Net Income (Loss) Before Transfers 5,282,260 5,905,463 (1,146,906)
Transfers
Transfers in - - 1,055,967
Transfers (out)(3,194,053) (548,620) -
Total Transfers (3,194,053) (548,620) 1,055,967
Change in Net Position 2,088,207 5,356,843 (90,939)
Net Position, January 1 66,279,631 143,784,952 (1,112,075)
Change in Accounting Principle (101,305) (18,492) (25,543)
Prior Period Adjustment (55,806) 16,995 -
Net Position, January 1, Restated 66,122,520 143,783,455 (1,137,618)
Net Position, December 31 68,210,727$ 149,140,298$ (1,228,557)$
CITY OF EVANSTON, ILLINOIS
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position
Proprietary Funds
- 15 -
Governmental
Activities -
Motor Vehicle Internal Service
Parking System Total Funds
6,151,133$ 37,651,325$ 22,410,058$
13,122 749,019 46,981
6,164,255 38,400,344 22,457,039
1,443,263 5,504,254 -
3,155,750 14,120,669 18,960,703
4,599,013 19,624,923 18,960,703
1,565,242 18,775,421 3,496,336
2,846,227 8,386,583 1,684,835
(1,280,985) 10,388,838 1,811,501
18,258 26,946 136
(416,440) (2,356,834) -
(1,340) 301,360 34,286
(399,522) (2,028,528) 34,422
(1,680,507) 8,360,310 1,845,923
2,925,296 3,981,263 -
(870,000) (4,612,673) (34,756)
2,055,296 (631,410) (34,756)
374,789 7,728,900 1,811,167
61,641,183 270,593,691 6,066,845
327 (145,013) -
268,126 229,315 1,440,141
61,909,636 270,677,993 7,506,986
62,284,425$ 278,406,893$ 9,318,153$
See accompanying notes to financial statements.
- 16 -
CITY OF EVANSTON, ILLINOIS
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended December 31, 2015
Governmental
Motor Vehicle Activities -
Parking Internal Service
Water Sewer Solid Waste System Total Funds
Cash Flows from Operating Activities
Receipts from customers and users 16,459,229$ 12,457,105$ 4,014,964$ 6,796,921$ 39,728,219$ 22,476,357$
Receipts from/(payments for)
interfund services provided (813,019) 1,165,532 97,218 (953,660) (503,929) 31,001
Payments to suppliers (4,114,792) (742,168) (4,103,218) (3,251,573) (12,211,751) (1,383,945)
Payments to employees (5,649,168) (1,295,206) (1,089,141) (1,417,619) (9,451,134) (3,659,820)
Payments for insurance premiums - - - - - (14,122,356)
Net Cash Provided from Operating Activities 5,882,250 11,585,263 (1,080,177) 1,174,069 17,561,405 3,341,237
Cash Flows from Noncapital Financing Activities
Transfers in (out)(3,194,053) (548,620) 1,055,967 - (2,686,706) (34,756)
Net Cash from Noncapital Financing Activities (3,194,053) (548,620) 1,055,967 - (2,686,706) (34,756)
Cash Flows from Capital and Related Financing Activities
Sale of capital assets 2,035,027 - - - 2,035,027 85,036
Acquisition and construction of capital assets (10,725,787) (1,367,906) - (1,916,337) (14,010,030) (2,389,156)
Proceeds from general obligation bonds 5,797,694 - - 5,797,694 -
Principal paid on general obligation bonds (552,288) (362,931) (16,878) (3,491,805) (4,423,902) -
Interest paid on general obligation bonds (398,323) (1,586,495) (2,641) (425,845) (2,413,304) -
Proceeds from IEPA loans 1,000,383 219,939 - - 1,220,322 -
Principal paid on IEPA loans (67,504) (7,664,305) - - (7,731,809) -
Interest paid on IEPA loans - - - - - -
Transfers in - - - 2,055,296 2,055,296 -
Miscellaneous - - - - - -
Net Cash from Capital and Related Financing Activities (2,910,798) (10,761,698) (19,519) (3,778,691) (17,470,706) (2,304,120)
Cash Flows from Investing Activities
Interest Received 5,982 2,706 - 18,258 26,946 136
Net Cash from Investing Activities 5,982 2,706 - 18,258 26,946 136
Net Increase (Decrease) in Cash and Cash Equivalents (216,619) 277,651 (43,729) (2,586,364) (2,569,061) 1,002,497
Cash and Equivalents
Beginning 9,137,955 1,987,111 43,729 13,512,790 24,681,585 1,250,019
Ending 8,921,336$ 2,264,762$ -$ 10,926,426$ 22,112,524$ 2,252,516$
(This statement is continued on the following page.)
- 17 -
CITY OF EVANSTON, ILLINOIS
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended December 31, 2015
Governmental
Motor Vehicle Activities -
Parking Internal Service
Water Sewer Solid Waste System Total Funds
Reconciliation of Operating Income (Loss) to Net Cash
Provided for Operating Activities
Operating income (loss)5,364,039$ 7,450,077$ (1,144,293) (1,280,985) 10,388,838 1,811,501$
Adjustments to reconcile operating income to
net cash provided by (used for) operating activities
Depreciation 2,096,633 3,443,723 - 2,846,227 8,386,583 1,684,835
Changes in assets and liabilities
Accounts receivable 737,623 (53,836) 11,422 627,666 1,322,875 19,318
Notes receivable - - - 5,000 5,000 -
Interfund receivable 182,477 1,888,553 677,899 (596,000) 2,152,929 460,100
Prepaid expenses - - - - - 591,533
Inventories (12,283) (29,826) - - (42,109) (55,728)
Compensated absences 16,274 (9,526) (7,125) (16,636) (17,013) (24,971)
OPEB liability 27,809 6,491 6,133 3,603 44,036 10,226
Pension items - IMRF (547,098) (128,800) (84,797) (140,486) (901,181) -
Vouchers payable (1,378,942) (258,572) 41,265 32,129 (1,564,120) (10,880)
Retainage payable 391,214 - - 51,211 442,425 -
Interfund payable (995,496) (723,021) (580,681) (357,660) (2,656,858) (429,099)
Claims payable - - - - - (715,598)
Net Cash Provided for Operating Activities 5,882,250$ 11,585,263$ (1,080,177)$ 1,174,069.00$ 17,561,405$ 3,341,237$
See accompanying notes to financial statements.
- 18 -
CITY OF EVANSTON, ILLINOIS
Statement of Fiduciary Net Position
Fiduciary Funds
For the Fiscal Year Ended December 31, 2015
Pension
Trust
Assets
Investments at fair value
Cash and cash equivalents 3,377,187$
U.S. Treasury obligations 19,217,626
U.S. agency obligations 18,057,442
Corporate bonds 22,695,256
Common stock 23,981,521
Equity mutual funds 77,442,303
Receivables
Accrued interest 501,163
Due from other governments 47,302
Other 2,592
Total Assets 165,322,392
Liabilities
Accounts payable 22,471
Total Liabilities 22,471
Net Position Held in Trust
For Pension Benefits 165,299,921$
See accompanying notes to financial statements.
- 19 -
CITY OF EVANSTON, ILLINOIS
Statement of Changes in Plan Net Position
Pension Trust Funds
For the Fiscal Year Ended December 31, 2015
Additions
Contributions - employer 15,189,507$
Contributions - plan members 2,410,812
Miscellaneous income 47
Total Contributions 17,600,366
Investment income
Net depreciation in fair
value of investments (2,988,091)
Interest on investments 4,108,627
Less investment expenses (375,754)
Total Investment Income 744,782
Total Additions 18,345,148
Deductions
Administration 201,842
Benefit payments 18,429,497
Refunds of contributions 63,424
Total Deductions 18,694,763
Net Decrease (349,615)
Net Position Held in Trust
For Pension Benefits
167,929,254
Prior Period Adjustment (2,279,718)
January 1, Restated 165,649,536
December 31 165,299,921$
January 1
See accompanying notes to financial statements.
- 20 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
Page(s)
Note 1 Summary of Significant Accounting Policies
A. Reporting Entity 24-25
B. Government-Wide and Fund Financial Statements 25
C. Fund Accounting 26
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation 27-29
E. Cash Equivalents 29
F. Investments 29
G. Inventories and Prepaid Items 29
H. Capital Assets 30
I. Compensated Absences 30
J. Long-Term Obligations 30
K. Self-Insurance 31
L. Deferred Inflows of Resources 31
M. Property Taxes 31
N. Fund Equity 32
O. Interfund Transactions 32
P. Use of Estimates 33
Q. Conduit Debt 33
Note 2 Stewardship, Compliance, and Accountability
A. Budgetary Information 34-35
B. Deficit Fund Equity 35
Note 3 Deposits With Financial Institutions and Investments
A. Types of Accounts and Securities 36
B. Pooling Cash and Investments 36
C. Types of Investments 36-37
D. Deposits 37
Note 4 Receivables
A. Summary of Receivables 38
B. Notes Receivable - Special Revenue Funds 38
- 21 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
Page(s)
(Continued from the previous page)
Note 5 Capital Assets
A. Capital Asset Activity 39-41
B. Construction Commitments 41
Note 6 Interfunds
A. Interfund Accounts 42-45
B. Interfund Advances 45
C. Interfund Transfers 46-48
Note 7 Operating Leases 49
Note 8 Long-Term Debt
A. Changes in Long-Term Debt 50-51
B. General Obligation Bonds Payable 52
C. Special Service District Bonds Payable 52
D. Notes Payable - IEPA Loans 53
E. Loan with First Bank & Trust, Evanston 53
F. Postemployment Benefits other than Pensions (Defined Benefit Plan)53-56
Note 9 Fund Equity
A. Restricted Net Position - Fiduciary Funds 56
B. Assigned Fund Balances 56
Note 10 Individual Fund Activities
A. General Obligation Debt Service Fund 57
B. Water Fund 57
C. Special Service District No. 4 57
Note 11 Risk Management - Claims and Judgements 58
Note 12 Contingencies 59
Note 13 Joint Ventures
A. Solid Waste Agency of Northern Cook County 59-60
B. Evanston Housing Corporation 60
- 22 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
Page(s)
(Continued from the previous page)
Note 14 Employee Retirement Systems
A. Plan Descriptions 61-74
Note 15 Pension Trust Funds
A. Schedule of Net Position 75
B. Changes in Plan Net Position 76
Note 16 Evanston Library Component Unit
A. Types of Accounts and Securities 77
B. Reconciliation of Cash and Investments 78
C. Summary Receivables 78
D. Capital Assets Activity 78
E. Long-Term Debt 79
F. Prior Period Adjustment 80
Note 17 Prior Period Adjustment 81
Note 18 Subsequent Event 81
- 23 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The more significant of the City's and the Library's accounting policies are described below.
A.Reporting Entity
Blended Component Unit:
The Town of the City of Evanston,Illinois (the Township)has been previously presented as a separate legal entity which
administers General Assistance,a public welfare program assigned by Illinois law to townships.Eligible clients received
General Assistance for food,shelter,and medical needs.Through the town-fund levy,the Township also supported a
number of community action programs,which provided direct services to welfare recipients.The Township was governed
by a Township Board of Trustees and provided services within the same geographic boundaries of the City.The Township
Board of Trustees were the same individuals as the City Council.The Township board levied taxes and was responsible for
adopting the Township budget and approving payment of bills.On April 30,2014,the Township was discontinued and
dissolved following the March 18,2014 general election vote taken by the registered voters of the Township.Pursuant to
60 ILCS 1/27-15 and 1/27-20,effective 12:00 am May 1,2014,the City assumed all rights,powers,assets,property,
obligations,and duties of the Township,including the responsibility of providing the services that were previously
provided by the Township. Beginning May 1, 2014, the functions of the Township are reported along with the City.
The financial statements of the City of Evanston,Illinois (the City)and Evanston Public Library (the Library or EPL)have
been prepared in conformity with accounting principles generally accepted in the United States of America as applied to
governmental units (hereinafter referred to as generally accepted accounting principles (GAAP).The governmental
accounting standards board (GASB)is the accepted standard-setting body for establishing governmental accounting and
financial reporting principles.
This report includes all of the funds of the City and the Library.The reporting entity for the City consists of the primary
government and its component units.Component units are legally separate organizations for which the primary government
is financially accountable or other organizations for which the nature and significance of their relationship with the primary
government are such that their exclusion would cause the reporting entity's financial statements to be misleading.The
primary government is financially accountable if (1)it appoints a voting majority of the organization's governing body and
it is able to impose its will on that organization,(2)it appoints a voting majority of the organization's governing body and
there is a potential for the organization to provide specific financial benefits to,or impose specific financial burdens on,the
primary government,(3)the organization is fiscally dependent on and there is a potential for the organization to provide
specific financial benefits to,or impose specific financial burdens on,the primary government.Certain legally separate,tax
exempt organizations should also be reported as a component unit if all of the following criteria are met:(1)the economic
resources received or held by the separate organization are entirely or almost entirely for the direct benefit of the primary
government,its component units,or its constituents;(2)the primary government or its component units,is entitled to,or
has the ability to access,a majority of the economic resources received or held by the separate organization;and (3)the
economic resources received or held by an individual organization that the primary government,or its component units,is
entitled to, or has the ability to otherwise access, are significant to the primary government.
Component units are reported using one of two methods,discrete presentation or blending,Generally,component units
should be discretely presented in a separate column in the financial statements.A component unit should be reported as part
of the primary government using the blending method if it meets any one of the following criteria:(1)the primary
government and the component unit have substantively the same governing body and a financial benefit or burden
relationship exists;(2)the primary government and the component unit have substantively the same governing body and
management of the primary government has operational responsibility for the component unit;(3)the component unit
serves or benefits,exclusively or almost exclusively,the primary government rather than its citizens;or (4)the total debt of
the component unit will be paid entirely or almost entirely from resources of the primary government.
- 24 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
A.Reporting Entity - Continued
Discrete Component Unit:
Joint Ventures:
B.Government-Wide and Fund Financial Statements
Separate financial statements are provided for governmental funds,proprietary funds,and fiduciary funds,even though the
latter are excluded from the government-wide financial statements.Major individual governmental funds and major
individual enterprise funds are reported as separate columns in the fund financial statements.Nonmajor funds are reported
in the supplementary information.
The City participates in two joint ventures,which are reported as non-equity governmental joint ventures and are described
in Footnote 13.The joint ventures are:Solid Waste Agency of Northern Cook County (SWANCC)and Evanston Housing
Corporation.
The government-wide financial statements (i.e.,the statement of net position and the statement of activities)report
information on all of the nonfiduciary activities of the City and the Library.The effect of interfund activity has been
removed from these statements excluding interfund services provided.Governmental activities,which normally are
supported by taxes and intergovernmental revenues,are reported separately from business-type activities,which rely to a
significant extent on fees and charges for support.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by
program revenues.Direct expenses are those that are clearly identifiable with a specific function or segment.Program
revenues include (1)charges to customers or applicants who purchase,use,or directly benefit from goods,services,or
privileges provided by a given function or segment and (2)grants and contributions that are restricted to meeting the
operational or capital requirements of a particular function or segment.Taxes and other items not properly included among
program revenues are reported instead as general revenues.
The EPL serves the community through three branches.The EPL partners with Northwestern University and other agencies
to implement digitally based science,technology,and math learning opportunities for teens.The EPL is continually focused
on expanding summer reading programs to serve the patrons of all ages.The Library has also expanded community
outreach by promoting library services at various local places and events.
The Library promotes the development of independent,self-confident,and literate citizens through the provision of open
access to cultural,intellectual,and informational resources for all ages.Beginning FY 2013,the Library financials are
shown separately as a discrete component unit of the City .The Library Debt Service Fund was created as a part of FY2014
budget.The Library is governed by the Library Board of Trustees.The Board members are appointed by the Mayor of the
City.
The Library Director submits a proposed budget to the EPL Board of Trustees for the upcoming calendar year.This budget
is included in the budget documents submitted by the City Manager to the City Council.The Library budget is legally
enacted through passage of a resolution by the EPL Board of Trustees.
- 25 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
C.Fund Accounting
The City and the Library use funds to report on its financial position and the results of its operations.A fund is a separate
accounting entity with a self-balancing set of accounts.Fund accounting is designed to demonstrate legal compliance and
to aid financial management by segregating transactions related to certain government functions or activities.
Fiduciary funds are used to account for assets held on behalf of outside parties,including other governments,or on behalf
of other funds within the City.When these assets are held under the terms of a formal trust agreement,a permanent fund is
used.Agency funds generally are used to account for assets that the City holds on behalf of others as their agent.The
pension trust fund accounts for the activities of the Police and Firefighters'Pension Funds,which accumulate resources for
pension benefit payments to retired police and fire personnel.
Funds are classified into three categories:governmental,proprietary,and fiduciary.Each category,in turn,is divided into
separate "fund types."
Proprietary funds are used to account for activities similar to those found in the private sector,where the determination of
net income is necessary or useful for sound financial administration.Goods or services from such activities can be
provided either to outside parties (enterprise funds)or to other departments or agencies primarily within the City (internal
service funds).Internal service funds are included with the governmental funds on the government-wide financial
statements.
Governmental funds are used to account for all or most of the City's general activities,including the collection and
disbursement of earmarked monies (special revenue funds),the acquisition or construction of general capital assets (capital
projects funds),and the servicing of general long-term debt (debt service funds).The General Fund is used to account for
all activities of the City not accounted for in some other fund.All Township funds are considered special revenue funds
within the governmental funds category.
- 26 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
D.Measurement Focus, Basis of Accounting, and Financial Statement Presentation
1.) Taxes 6.) Fines
Property Traffic fines
Sales (home rule)
Utility 7.) Intergovernmental
Personal property Motor fuel tax allotments
Grants
2.) Licenses Supplemental Security income reimbursements
Income taxes
3.) Franchise fees Sales taxes
Use tax
4.) Charges for services
8.) Investment income
5.) Recycling program fees and sales
The City reports the following major governmental funds:
The government-wide financial statements are reported using the economic resources measurement focus and the accrual
basis of accounting,as are the proprietary fund statements.Revenues are recorded when earned and expenses are recorded
when a liability is incurred,regardless of the timing of related cash flows.Property taxes are recognized as revenues in the
year for which they are levied.Grants and similar items are recognized as revenue as soon as all eligibility requirements
imposed by the provider have been met.
The following revenues associated with the current fiscal period are all considered to be susceptible to accrual and so have
been recognized as revenues of the current fiscal period.
All other revenue items are considered to be measurable and available only when cash is received by the City and the
Library.
Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period.
The General Obligation Debt Fund is a debt service fund which accumulate monies for the principal and interest
payments on general obligation debt.
The General Fund is the City's primary operating fund.It accounts for all financial resources of the general
government, except those accounted for in another fund.
The City's and the Library's governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting.Revenues are recognized as soon as they are both
measurable and available.Revenues are considered to be available when they are collectible within the current period or
soon enough thereafter to pay liabilities of the current period.For this purpose,the City and the Library considers property
taxes as available if they are collected within 60 days of the end of the current fiscal period.A six-month availability
period is used for revenue recognition for all other governmental fund revenues.Expenditures generally are recorded when
a liability is incurred,as under accrual accounting.However,debt service expenditures,as well as expenditures related to
compensated absences,are recorded when payment is due or when amounts have been accumulated in the debt service fund
for payment to be made early in the following year.
- 27 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
D.Measurement Focus, Basis of Accounting, and Financial Statement Presentation - Continued
The City reports the following major proprietary funds:
Additionally, the City reports the following fund types:
The Library reports the Operating Fund, Endowment Fund, and Debt Service Fund.
Pension Trust Funds account for the activities of the Police and Firefighters'Pension Funds,which accumulate
resources for pension benefit payments to qualified public safety employees.
As a general rule,the effect of interfund activity has been eliminated from the government-wide financial statements.
Exceptions to this general rule are charges between the City's enterprise funds and various other functions of the
government.Elimination of these charges would distort the direct costs and program revenues reported for the various
functions concerned.
Amounts reported as program revenues include (1)charges to customers for goods,services,or privileges provided,(2)
operating grants and contributions,and (3)capital grants and contributions,including assessments.Internally dedicated
resources are reported as general revenue rather than as program revenue. Likewise, general revenues include all taxes.
The Water Fund accounts for the provision of water services to the residents of the City and the sale of water to the
Village of Skokie,Illinois and the Northwest Water Commission.All activities necessary to provide such services are
accounted for in this fund,including,but not limited to,administration,operation,maintenance,financing and related
debt service, and billing and collection.
Internal Service Funds account for the fleet management and insurance services provided to other departments or
agencies of the government, or to other governments, on a cost reimbursement basis.
The Sewer Fund accounts for the provision of sewer repair and improvement services to the residents of the City.
All activities necessary to provide such services are accounted for in this fund,including administration,operations,
financing, and billing and collection.
The Solid Waste Fund accounts for the recycling,refuse,and yard waste removal services related fees and expenses.
Refuse and yard waste are contracted out, while recycling is handled by the City staff.
The Motor Vehicle Parking System accounts for the provision of the public and residential parking facility on
Church Street,Maple Avenue,and Sherman Avenue,as well as all the City's parking lots and meters.All activities
are accounted for including administration, operations, financing, and revenue collection.
Proprietary funds distinguish operating revenues and expenses from non-operating items.Operating revenues and expenses
generally result from providing services and producing and delivering goods in connection with a proprietary fund's
principal ongoing operations.The principal operating revenues of the enterprise funds and of the City’s internal service
funds are charges to customers for sales and services.Operating expenses for enterprise funds and internal service funds
include the cost of sales and services,administrative expenses,and depreciation on capital assets.All revenues and
expenses not meeting this definition are reported as non-operating revenues and expenses.
- 28 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
D.Measurement Focus, Basis of Accounting, and Financial Statement Presentation - Continued
E.Cash and Equivalents
F.Investments
G.Inventories and Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both
government-wide and fund financial statements.In governmental funds,prepaid items are recorded based on consumption
method.
When both restricted and unrestricted resources are available for use,it is the City and Library’s policy to use restricted
resources first, then unrestricted resources as they are needed.
Cash and equivalents represent cash on hand,cash deposited in interest-bearing and non-interest-bearing checking
accounts,and investments in money markets,certificates of deposit,and treasury obligations with maturities of three
months or less at the date of acquisition, and cash deposited with Illinois Funds.
Inventories in the Water,Sewer,and Fleet Service Funds are valued at the lower of cost (first-in/first-out)or market.
Inventory amounts are recorded on the basis of a physical count.
The City and Library report unearned revenue and unavailable/deferred revenue on its financial statements.Unavailable
revenues arise when a potential revenue does not meet both the measurable and available criteria for recognition in the
current period,under the modified accrual basis of accounting.Deferred revenues arise when property tax levies are
intended to finance the next fiscal year.Unearned revenue arises when a revenue is measurable but not earned under the
accrual basis of accounting.Unearned revenues also arise when resources are received by the City and Library before it has
a legal claim to them or prior to the provision of services,as when grant monies are received prior to the issuance of
qualifying expenditures.In subsequent periods,when both revenue recognition criteria are met,or when the City and
Library have a legal claim to the resources,the liability and deferred inflows of resource for unearned and
unavailable/deferred revenue are removed from the financial statements and revenue is recognized.
Investments consist of certificates of deposit,treasury obligations,government agency obligations,and insurance contracts
with maturities greater than one year.Investments for the pension funds are mostly comprised of treasury obligations,
government agency obligations,fixed income and equity mutual funds,and stocks.Investments of the pension trust funds
are carried at fair value.Investments with over one year to maturity are reported at fair value.All other investments are
stated at cost or,for U.S.government securities,amortized cost.These securities may be purchased at a premium or
discount which is amortized over the life of the investment. This valuation method approximates fair value.
- 29 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
H.Capital Assets
Description Years Description Years
Land improvements 10-100 Buildings and improvements 10-50
Leasehold improvements 10-100 Office equipment and furniture 5-15
Plant 20-100 Machinery and equipment 5-15
Transmission and distribution Infrastructure 30-100
system 5-100 Library collections 7
Sewer system and Intangible assets 5-10
underground lines 75-100
Parking meters 15
I.Compensated Absences
J.Long-Term Obligations
It is the City's and the Library’s policy to permit employees to accumulate earned but unused vacation and sick pay
benefits.All payments due in the event of termination are accrued when incurred in the government-wide and proprietary
fund financial statements.The General Fund has been used in prior years to liquidate the liability for compensated
absences of governmental funds.
Major outlays for capital assets and improvements are capitalized as projects are constructed.Interest incurred during the
construction phase of capital assets of business-type activities is included as part of the capitalized value of the assets
constructed. No interest was capitalized during the year.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets'lives are
not capitalized.Infrastructure acquired prior to the February 28,2003 implementation of GASB Statement No.34 has been
reported.
In the fund financial statements,governmental 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 sources,while discounts on debt issuances are reported as other
financing uses.Issuance costs,whether or not withheld from the actual debt proceeds received,are reported as debt service
expenditures.
Capital assets,which include property,plant,and equipment and infrastructure assets (e.g.roads,sidewalks,trails,bridges,
and similar items),are reported in the applicable governmental or business-type activities columns in the government-wide
financial statements.Capital assets are defined by the government as equipment and vehicles with an initial,individual cost
of more than $20,000,or infrastructure,buildings,or building improvements with an initial,individual cost of more than
$100,000.Such assets are recorded at historical cost or estimated historical cost if purchased or constructed.Donated
capital assets are recorded at estimated fair market value at the date of donation.
In the government-wide financial statements and proprietary fund types in the fund financial statements,long-term debt and
other long-term obligations are reported as liabilities in the applicable governmental activities,business-type activities,or
proprietary fund type statement of net position.Bond premiums and discounts,if material,are deferred and amortized over
the life of the bonds. Bonds payable are reported net of the applicable bond premium or discount.
Property,plant,and equipment are depreciated,and intangible assets are amortized using the straight-line method over the
following estimated useful lives:
- 30 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
K.Self-Insurance
L.Deferred Inflows of Resources
M.Property Taxes
The property tax calendar for Cook County is as follows:
Description Date
Lien date January 1 of levy year
Levy date December of levy year
First installment due date
(55% of prior bill)March 1/April 1 of year following levy year
Second installment due date
(balance of total bill)September 1/October 1 of year following levy year
The City and the Library are self-insured to certain limits for general liability claims and for workers'compensation
insurance.A liability is recorded when it is probable that a loss has occurred and the amount of the loss can be reasonably
estimated.Claims liabilities are based on estimates of the ultimate cost of reported claims including future claims
adjustment expenses. General liability and workers' compensation claims are paid out of the Insurance Fund.
Property taxes are recognized as revenues in the year for which they are levied (i.e.,intended to finance).On this basis,
property tax revenue includes all cash distributions of property tax related to the 2014 tax levy received during the fiscal
period between January 1,2015 and December 31,2015 and all property tax collections related to the 2014 tax levy and
received within 60 days after the end of the fiscal period.A 2%allowance for loss is reflected in the City and the Library
financial statements. A 4% allowance for loss is reflected in the Town Fund and General Assistance Fund.
The 2015 tax levy collections are intended to finance the 2016 fiscal year and are not considered available for current
operations and are, therefore, shown as unavailable/deferred revenue.
Property taxes are collected by the Cook County Collector and are remitted periodically to all taxing bodies,including the
City,the Library,and the Township.Distributions are made more often during the two main collection periods.Property
taxes are levied on a calendar year basis by passage of a tax levy ordinance.
In addition to assets,the statement of financial position will sometimes report a separate section for deferred
outflows of resources.This separate financial statement element,deferred outflows of resources,represents a
consumption of net position that applies to a future period(s)and so will not be recognized as an outflow of
resources (expense/expenditure) until then.
In addition to liabilities,the statement of financial position will sometimes report a separate section for deferred
inflows of resources.This separate financial statement element,deferred inflows of resources,represents an
acquisition of net position that applies to a future period(s)and so will not be recognized as an inflow of
resources (revenue) until that time.
- 31 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
N. Fund Equity
O.Interfund Transactions
The City and the Library consider restricted amounts to be spent first when both restricted and unrestricted fund balance is
available unless there are legal documents/contracts that prohibit doing this,such as in grant agreements requiring dollar for
dollar spending.Additionally,the City and the Library would first use committed,then assigned,and lastly unassigned
amounts of unrestricted fund balance when expenditures are made.
Governmental fund equity is classified as fund balance.In February 2009,GASB issued Statement No.54,Fund Balance
Reporting and Governmental Fund Type Definitions .This statement establishes fund balance classifications based
primarily on the extent to which the government is bound to honor constraints on the use of the resources reported in each
governmental fund as well as establishes additional notes disclosures regarding fund balance classification policies and
procedures.The City Council may,by an ordinance,establish,modify or remove a fund balance commitment.In
accordance with GASB Statement No. 54, the City and the Library classifies governmental fund balance as follows:
Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly
applicable to another fund are recorded as expenditures/expenses in the reimbursing fund and as reductions of
expenditures/expenses in the fund that is reimbursed. All other interfund transactions are reported as transfers.
1.Nonspendable -Includes fund balance amounts that can not be spent either because they are not in spendable form
or because legal or contractual stipulations require them to be maintained intact.
2.Restricted -Consists of fund balances with constraints placed on their use either by (1)external groups such as
creditors,grantors,contributors,or laws or regulations of other governments or (2)law through constitutional provisions or
enabling legislation.
3.Committed -Includes fund balance amounts that are constrained for specific purposes that are internally imposed
by the government through formal action of the highest level of decision-making authority.Fund balance amounts are
committed through a formal action of the City.This formal action must occur prior to the end of the reporting period,but
the amount of commitment,which will be subject to constraints,may be determined in the subsequent period.Any changes
to the constraints imposed require the same formal action of the City that originally created the commitment.
Assignments may not create unassigned deficits in any fund.However,nonspendable,restricted,or committed fund balance
may create an unassigned deficit. Also, restricted, committed, and assigned balances themselves may not be negative.
4.Assigned -Includes spendable fund balance amounts that are intended to be used for specific purposes that are not
considered restricted or committed.Fund balance may be assigned through the following:(1)Council may take official
action to assign amounts,(2)All remaining positive spendable amounts in governmental funds,other than the General
Fund, that are neither restricted nor committed. Assignments may take place after the end of the reporting period.
5.Unassigned -Includes residual positive fund balance within the General Fund which has not been classified within
the other above mentioned categories.Unassigned fund balance may also include negative balances for any governmental
fund if expenditures exceeds amounts restricted, committed, or assigned for those purposes.
- 32 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
P.Use of Estimates
Q.Conduit Debt
The City approved the issuance of $13,590,000 Series 2011 Revenue Bonds during the fiscal period ended December 31,
2011 to provide financial assistance to Roycemore School,deemed to be in public interest.The use of proceeds includes the
property purchase and renovation of 1201 Davis,the new location of the school,and payment of miscellaneous costs.The
bonds are secured by the property or mortgages financed and are payable from the moneys,securities,and other revenues
pledged under the indenture by the school.The City is not obligated in any manner for the repayment of bonds.
Accordingly,the bonds outstanding are not reported as a liability in these financial statements.As of December 31,2015,
outstanding bond balance was $13,385,000.
The City approved the issuance of $5,000,000 Series 2010 Revenue Bonds during the fiscal year 2010-2011 to provide
financial assistance to Chiravalle Montessori School,deemed to be in public interest.The use of proceeds includes the
property purchase from the City,improvement to the existing building,refinancing existing debt,and payment of
miscellaneous costs.The bonds are secured by the property or mortgages financed and are payable from the moneys,
securities,and other revenues pledged under the indenture by the school.The City is not obligated in any manner for the
repayment of bonds.Accordingly,the bonds outstanding are not reported as a liability in these financial statements.As of
December 31, 2015, outstanding bond balance was $4,550,000.
In preparing financial statements,management is required to make estimates and assumptions that affect the reported
amounts of assets and liabilities,the disclosure of contingent assets and liabilities at the date of the financial statements,and
the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
- 33 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 2.STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A.Budgetary Information
The City follows these procedures in establishing the budgetary data reflected in the financial statements:
1.
2.Public budget hearings are conducted. Taxpayer comments are received and noted.
3.The budget is legally enacted through passage of a resolution.
4.
5.
Blended Component Unit:
Discrete Component Unit:
1.
2.
3.
Because of a calendar year,the Library Director submits a proposed operating budget for the upcoming
fiscal year commencing January 1,2015 to the EPL Board of Trustees.Upon approval of the budget
proposal by the EPL Board,the Library’s proposed budget is submitted to the City Manager.The
Library's budget is included in the budget documents which the City Manager will submit to the City
Council. The operating budget includes proposed expenditures and the means of financing them.
A series of public Library Board meetings are conducted as the EPL Board considers the budget proposal.
Taxpayer comments are received and noted.
The budget is legally enacted through passage of a resolution by the Library Board of Trustees.
The Library follows these procedures in establishing the budgetary data reflected in the financial statements:
Because of a calendar year,the City Manager will submit to the City Council a proposed operating
budget for the upcoming fiscal year commencing January 1,2015.The operating budget includes
proposed expenditures and the means of financing them.
The City Manager is authorized to transfer budgeted amounts between departments within any fund;
however,any revisions that alter the total expenditures of any fund must be approved by the City Council.
There were budget allocations within General Fund but the total did not change.
Budgets are legally adopted on a basis consistent with GAAP except that property taxes are budgeted as
revenue in the year they are levied.For purposes of preparing the General Fund -Budget and Actual
(Budgetary Basis)Schedule of Revenues,Expenditures,and Changes in Fund Balance,GAAP revenues
and expenditures have been adjusted to the budgetary basis.The Dempster Dodge TIF Fund was not
budgeted.
For the first five months of 2014,the Township was a blended component unit with two separate funds (the
Town Fund and the General Assistance Fund)as reported in previous years.On May 1,2014,after a referendum
vote, the City took over the Township's unctions and the Township was eliminated.
The Township follows procedures similar to those of the City in establishing the budgetary data reflected in the
financial statements. The budget was not amended during the current fiscal period.
- 34 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 2.STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY - Continued
A.Budgetary Information - Continued
Discrete Component Unit (Continued):
4.
5.
Fund Actual Budget Variance
General Fund $ 89,210,385 $ 89,045,880 $ 164,505
Community Development Loan 282,380 187,100 95,280
Special Service District No. 4 323,000 320,000 3,000
Southwest Tax Increment District 893,387 861,217 32,170
Library 6,602,154 6,303,124 299,030
B.DEFICIT FUND EQUITY
The level of control (level at which expenditures may not exceed budget)is the fund.All unencumbered annual
appropriations lapse at the end of the fiscal year.
The Howard Ridge Tax Increment District Fund had a net deficit of $28,621 as of December 31,2015.The City plans
to use current resources to pay for future liabilities.
The Library Director is authorized to transfer budgeted amounts between library departments within any
library fund;however,any revisions that alter the total expenditures of any library fund must be approved
by the EPL Board of Trustees.There were budget allocations within the Library Fund but the total did
not change.
Budgets are legally adopted on a basis consistent with GAAP except that property taxes are budgeted as
revenue in the year they are levied.For purposes of preparing the Library Operating Fund -Budget and
Actual (Budgetary Basis)Schedule of Revenues,Expenditures,and Changes in Fund Balance,GAAP
revenues and expenditures have been adjusted to the budgetary basis.
The Special Service District No.4 had a net deficit of $190,544 as of December 31,2015.The City plans to use
current resources to pay for future liabilities.
The following funds had an excess of actual budgetary expenditures over original and final budget for the fiscal year
ended December 31, 2015:
The Solid Waste Fund had a net deficit of $1,228,557 as of December 31,2015.The City plans to use current
resources to pay for future liabilities.
The Insurance Fund,an internal service fund,had a net deficit of $364,496 as of December 31,2015.The City plans
to use current resources to pay for future liabilities.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year ended December 31, 2015
NOTE 3.DEPOSITS WITH FINANCIAL INSTITUTIONS AND INVESTMENTS
A.Types of Accounts and Securities
B.Pooling of Cash and Investments
C.Types of Investments
Illinois Funds $ 8,388,837
PMA 18,015,321
IMET money market 3,731,291
$ 30,135,449
Credit Risk.State law limits investments in commercial paper,corporate bonds,and mutual bonds funds to the top two ratings
issued by nationally recognized statistical rating organizations.The City's investment policy does not impose further limits on
investment choices.The Police and Firefighters'Pension Funds have investments in corporate bonds with Standard &Poor's ratings
ranging from BBB-to AAA.Illinois Funds and money markets were rated AAA by Standard &Poor's.IMET exclusively invests in
AAA Standard &Poor's securities,such as treasury and agency obligations.IMET's convenience fund collateralizes all of its deposits
110%.Illinois Funds and IMET are investment pools managed by the State of Illinois,Office of the Treasurer,and a Board of
Trustees,respectively,which allows governments within the State to pool their funds for investment purposes.They are not registered
with the SEC as an investment company,but do operate in a manner consistent with Rule 2a7 of the Investment Company Act of
1940.The investments in the securities of the United States Government agencies were all rated triple A or Aaa by the Standard &
Poor’s and by Moody’s Investor’s Services.The following investments of the City in Illinois Funds,PMA,and IMET are valued at
the fund’s share price, the price for which the investments could be sold.
Illinois statutes and the City's investment policies authorize the City to invest in obligations of the U.S.Treasury,in Government
Sponsored Enterprises (GSE)such as Federal Home Loan Mortgage Corporation (FHLMC),Federal Home Loan Bank (FHLB),and
Fannie Mae (FNMA);bankers acceptances as well as commercial paper rated only in the highest tier;repurchase agreements of the
highest grade;collateralized certificates of deposit issued by FDIC insured financial institutions,money market mutual funds with
portfolios limited to securities guaranteed by the United States Government;the Illinois Metropolitan Investment Fund (IMET);and
Illinois Funds.
It is the policy of the City to invest public funds in a manner whereby its investment objectives are prioritized in the following order:
safety of principal,liquidity,and rate of return.The City also seeks to maintain diversification of investments to avoid
overconcentration of any one specific issuer or business sector.To mitigate interest rate risk,the City tries to structure the investment
portfolio to meet daily cash flow needs so as to avoid needing to sell securities on the open market.The City seeks to attain market
rates of return consistent with constraints imposed by safety and cash flow needs.The City invests to conform to all state and local
statutes governing the investment of public funds. More detail is available in the City's investment policy.
The Firefighters'and Police Pension Funds are set up for the exclusive purpose of providing retirement and other benefits to plan
participants and beneficiaries.All investments are governed and authorized by the respective Fire and Police Pension Boards.The
investment objectives and parameters mirror those listed above for the City.However,unlike the City's public funds,the Firefighters'
and Police Pension Funds may invest in various equity accounts up to a limit of 65%of the aggregate value of each respective fund's
assets.The pension funds invest to conform to all state and local statutes governing pension funds.Additional detail is available in
each pension fund's investment policies.
Except for cash and investments in certain restricted and special accounts,the City pools the cash of various funds to maximize
interest earnings. Interest income is allocated to the various funds based upon their respective participation.
Interest Rate Risk.The City's investment policy does not limit investment maturities as a means of managing its exposure to fair
value losses arising from increasing interest rates.The objective is to maintain a core portfolio with maturities primarily in the three
month to three years range.
- 36 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year ended December 31, 2015
NOTE 3.DEPOSITS WITH FINANCIAL INSTITUTIONS AND INVESTMENTS - Continued
C.Types of Investments - Continued
D.Deposits
Custodial Credit Risk.For an investment,custodial credit risk is the risk that,in the event of the failure of the counterparty,the City
will not be able to recover the value of its investment or collateral securities that are in the possession of an outside party.All of the
City's investments were insured, registered, or held by the counterparty’s trust department in the City’s name.
Custodial Credit Risk.For a deposit,custodial credit risk is the risk that,in the event of the failure of the counterparty,the City will
not be able to recover the value of its deposit or collateral securities that are in the possession of an outside party.All of the City's
deposits were insured, collateralized, or held by the counterparty's trust.
Deposits consist of deposits in interest-bearing and non-interest-bearing checking accounts.At December 31,2015,the carrying
amount of the City's deposits,including cash on hand of $12,547 was $25,303,264.The financial institutions'balances totaled
$26,705,817.
On September 29,2014,IMET was informed of defaults on certain loans believed to be guaranteed in its Convenience Fund caused
by fraud on the part of First Farmer's Financial (FFF),a USDA approved lender.This resulted in a decrease in the value of the City's
IMET investment in the amount of $552,862 and leaving an impairment on the remaining balance of $636,088.The City believes
that it will recover the remaining value of the investment.
Concentration of Credit Risk.It is the policy of the City to diversify its investment portfolio.Investments shall be diversified to
eliminate the risk of loss resulting from overconcentration in a security,maturity,issuer,or class of securities.At December 31,
2015, the City had 59.8% of investments held at PMA.
- 37 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 4.RECEIVABLES
A.Summary of Receivables
Motor
General Vehicle Nonmajor
General Obligation Solid Parking and Other
Fund Debt Water Sewer Waste System Funds Total
Receivables:
Property taxes 27,732,095$ 11,275,348$ -$ -$ -$ -$ 1,137,117$ 40,144,560$
Utility taxes:695,078 - - - - - - 695,078
Accounts - - 1,776,099 2,240,496 700,336 - - 4,716,931
Notes 263,600 - - - - - 8,562,672 8,826,272
Special assessments - - - - - - 307,859 307,859
Due from other govts.8,567,535 - - - - - 816,610 9,384,145
Other 477,972 - - - - 237,284 303,577 1,018,833
Gross receivables 37,736,280 11,275,348 1,776,099 2,240,496 700,336 237,284 11,127,835 65,093,678
Less: allowance for
uncollectibles (579,441) (225,507) - - - - (22,743) (827,691)
Net Total Receivables 37,156,839$ 11,049,841$ 1,776,099$ 2,240,496$ 700,336$ 237,284$ 11,105,092$ 64,265,987$
B.Notes Receivable - Special Revenue Funds
Interest Loans Loan
Rates Beginning Made Repayments Ending
0% - 8%8,508,612$ 371,924$ 317,864$ 8,562,672$
Receivables as of December 31,2015 for the government’s individual major funds,nonmajor,internal service funds,and fiduciary funds,in the
aggregate, including the applicable allowances for uncollectible accounts, are as follows:
Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not considered to be available to
liquidate liabilities of the current period.Property taxes levied for the subsequent year less those collected within 60 days of year end are not
earned and can not be used 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.At the end of the current fiscal period,the City's deferred inflows of resources consisted
solely of property taxes levied for the subsequent years less those collected within 60 days of year end.
The City makes loans to the City's residents for the rehabilitation of single-family and multi-family housing.Initial funding for these loans was
from Community Development Block Grant (CDBG)and Housing and Urban Development (HUD)Funds.Two types of loans are made:(1)title
transfer loans which are due in full when the housing unit is sold,and (2)amortizing loans which are due in monthly installments over varying
lengths of time.Repayments of principal and any interest earned on these receivables,which are recorded in the respective Special Revenue
Funds,are used to make additional rehabilitation loans.An allowance of $78,000 exists in the Special Revenue Funds due to doubtful accounts.
Loan activity for the current period is summarized as follows:
- 38 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 5. CAPITAL ASSETS
A. Capital Asset Activity
Capital asset activity for the fiscal year ended December 31, 2015 was as follows:
Beginning Additions Deletions Transfers Ending
Governmental activities:
Capital assets, not being depreciated:
Land 7,212,044$ -$ -$ -$ 7,212,044$
Right of way 18,695,896 - - - 18,695,896
Artwork 155,000 - - - 155,000
Construction in progress - 138,465 - - 138,465
Total Capital Assets, not being Depreciated 26,062,940 138,465 - - 26,201,405
Capital assets, being depreciated/amortized:
Buildings and improvements 79,289,550 1,236,617 - - 80,526,167
Office equipment and furniture 4,355,010 1,109,811 - 1,420 5,466,241
Intangible assets 6,906,834 362,638 - (1,420) 7,268,052
Machinery and equipment 24,673,009 2,389,155 944,696 - 26,117,468
Infrastructure 163,094,801 8,703,209 - - 171,798,010
Capitalized leases 502,532 - - - 502,532
Total Capital Assets being Depreciated/Amortized 278,821,736 13,801,430 944,696 - 291,678,470
Less accumulated depreciation/amortization for:
Buildings and improvements 32,960,223 1,658,601 - - 34,618,824
Office equipment and furniture 3,288,569 207,770 - - 3,496,339
Intangible assets 5,802,981 152,286 - - 5,955,267
Machinery and equipment 16,505,598 1,797,861 894,408 - 17,409,051
Infrastructure 84,058,408 5,759,483 - - 89,817,891
Capitalized leases 469,315 1,954 - - 471,269
Total Accumulated Depreciation/Amortization 143,085,094 9,577,955 894,408 - 151,768,641
Total Capital Assets being Depreciated/Amortized, Net 135,736,642 4,223,475 50,288 - 139,909,829
Governmental Activities Capital Assets, Net 161,799,582$ 4,361,940$ 50,288$ -$ 166,111,234$
- 39 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year ended December 31, 2015
NOTE 5. CAPITAL ASSETS - Continued
A. Capital Asset Activity - Continued
Beginning Additions Deletions Ending
Business-type activities:
Capital assets, not being depreciated:
Land 4,644,510$ -$ -$ 4,644,510$
Construction in progress 2,463,073 4,741,809 1,667,281 5,537,601
Artwork 359,752 - - 359,752
Total Capital Assets, not being Depreciated 7,467,335 4,741,809 1,667,281 10,541,863
Capital assets, being depreciated/amortized:
Land improvements 3,925,463 985,681 - 4,911,144
Buildings and improvements 77,282,216 - - 77,282,216
Leasehold improvements 304,052 - - 304,052
Plant 42,176,651 1,433,872 924,661 42,685,862
Transmission and distribution system 49,257,816 4,215,269 - 53,473,085
Sewer system and underground lines 249,439,877 1,295,207 - 250,735,084
Intangible assets 509,834 750,424 - 1,260,258
Equipment 3,086,113 87,284 340,755 2,832,642
Parking meters 1,698,308 160,720 - 1,859,028
Total Capital Assets being Depreciated/Amortized 427,680,330 8,928,457 1,265,416 435,343,371
Less accumulated depreciation/amortization for:
Land improvements 1,631,955 141,290 - 1,773,245
Buildings and improvements 22,197,612 2,462,535 - 24,660,147
Leasehold improvements 302,753 - 20,222 282,531
Plant 15,311,894 1,411,291 865,721 15,857,464
Transmission and distribution system 6,934,574 636,142 - 7,570,716
Sewer system and underground lines 49,589,233 3,404,364 - 52,993,597
Intangible assets 315,774 106,182 - 421,956
Equipment 2,373,535 100,425 314,428 2,159,532
Parking meters 686,984 124,354 - 811,338
Total Accumulated Depreciation/Amortization 99,344,314 8,386,583 1,200,371 106,530,526
Total Capital Assets being Depreciated/Amortized, Net 328,336,016 541,874 65,045 328,812,845
Governmental Activities Capital Assets, Net 335,803,351$ 5,283,683$ 1,732,326$ 339,354,708$
- 40 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year ended December 31, 2015
NOTE 5. CAPITAL ASSETS - Continued
A. Capital Asset Activity - Continued
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental Activities:
General management and support 524,767$
Public safety 559,653
Public works 4,992,044
Housing and Economic Development 7,363
Recreation and cultural opportunities 1,809,293
Internal Service Funds 1,684,835
Total Depreciation Expense - Governmental Activities 9,577,955$
Business-Type Activities:
Water 2,096,633$
Sewer 3,443,723
Motor vehicle parking 2,846,227
Total Depreciation Expense - Business-Type Activities 8,386,583$
B.Construction Commitments
Capital Improvement Fund 5,487,986$
Water Fund 140,014
Total Construction Commitments 5,628,000$
The value of construction contracts signed, where the work has not yet been performed at December 31, 2015 is as follows:
- 41 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 6.INTERFUNDS
A. Interfund Accounts
At December 31, 2015, interfund receivables and payables consist of the following:
Due Due
Funds From To
Governmental Funds
General Fund
General Assistance 4,369$ -$
Library 23,686
Library Debt Service 104,987 -
Neighborhood Stabilization Program 2 635 -
Special Service Area (SSA) No. 4 190,544 -
Community Development Block Grant 20,647 -
Washington National TIF Debt Service 243,775 -
General Obligation Debt Service - 206,928
Howard/Ridge TIF 157,361 -
Capital Improvements 60,402 -
Special Assessment - 908
Motor Vehicle Parking System 415,054 -
Insurance - 40,045
Water - 102,065
Sewer 61,769 -
Solid Waste 1,237,490 -
2,497,033 373,632
Fiduciary
Firefighters' Pension - 31,737
Police Pension - 15,565
- 47,302
Total General Fund 2,497,033 420,934
Debt Service Fund
General 206,928 -
Nonmajor Governmental Funds
Special Assessment Fund
General Fund 908 -
Special Service Area (SSA) No. 4
General - 190,544
Howard Hartrey TIF
Insurance - 12,334
Washington National TIF Debt Service
General - 243,775
Insurance - 28,333
Total Washington National TIF Debt Service - 272,108
The outstanding balances between funds result mainly from the time lag between the dates that (1)interfund goods
and services are provided or reimbursable expenditures occur,(2)transactions are recorded in the accounting
system, and (3) payments between funds are made.
- 42 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 6. INTERFUNDS - Continued
A. Interfund Accounts - Continued
Due Due
Funds From To
Nonmajor Governmental Funds - Continued
Howard/Ridge TIF
General -$ 157,361$
Insurance - 5,000
Total Howard/Ridge TIF - 162,361
West Evanston TIF
Insurance - 5,000
Capital Improvements
General - 60,402
Water - 275,605
Total Capital Improvement - 336,007
Neighborhood Stabilization Program 2
General - 635
Insurance - 128
Total Neighborhood Improvement - 763
Community Development Block Grant
General 20,647
Insurance - 1,212
Total Community Development Block Grant - 21,859
HOME
Insurance - 114
General Assistance
General - 4,369
Total Nonmajor Governmental Funds 908 1,005,459
Total Governmental Funds 2,704,869 1,426,393
Enterprise Funds
Water
General 102,065 -
Capital Improvement 275,605 -
Insurance - 305,212
Total Water 377,670 305,212
Sewer
General 61,769
Insurance - 49,212
Total Sewer - 110,981
Solid Waste
General 1,237,490
Insurance - 270,482
Total Sewer - 1,507,972
- 43 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 6. INTERFUNDS - Continued
A. Interfund Accounts - Continued
Due Due
Funds From To
Enterprise Funds - Continued)
Motor Vehicle Parking System
General -$ 415,054$
Insurance - 99,137
Total Motor Vehicle Parking System - 514,191
Total Enterprise Funds 377,670 2,438,356
Internal Service Funds
Insurance
General 40,045 -
Library 423,810 -
Neighborhood Stabilization Program 2 128 -
Community Development Block Grant 1,212 -
Home 114 -
Washington National TIF Debt Service 28,333 -
Howard/Ridge TIF 12,334 -
Debt Service 5,000 -
West Evanston TIF 5,000 -
Motor Vehicle Parking System 99,137 -
Fleet Services 141,733 -
Water 305,212 -
Sewer 49,212 -
Solid Waste 270,482 -
Total Insurance 1,381,752 -
Fleet Services
Insurance - 141,733
Total Internal Service Funds 1,381,752 141,733
Trust and Agency Funds
Firefighters' Pension
General 31,737 -
Police Pension
General 15,565 -
Total Trust and Agency Funds 47,302 -
Total Primary Government 4,511,593$ 4,006,482$
- 44 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 6. INTERFUNDS - Continued
A. Interfund Accounts - Continued
Due Due
Funds From To
Library Fund
General 23,686$ -$
Insurance - 423,810
Total 185 Library Fund 23,686 423,810
Library Debt Service
General - 104,987
Total Library 23,686$ 528,797$
B. Interfund Advances
At December 31, 2015, interfund advances consist of the following:
Advances Advances
Funds To From
Governmental Funds
General Fund
Motor Vehicle Parking System -$ 596,000$
Total General Fund -$ 596,000$
Enterprise Funds
Motor Vehicle Parking System
General Fund 596,000$ -$
Total Motor Vehicle Parking System 596,000$ -$
- 45 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 6.INTERFUNDS - Continued
C. Interfund Transfers
At December 31, 2015, transfers in (out) consist of the following:
Transfers Transfers
Funds In Out
Governmental Funds
General Fund
Home 26,990$ -$
Emergency Telephone System 129,729 -
Community Development Block Grant 447,002 -
Neighborhood Stabilization Program 2 - 8,213
Washington National TIF Debt Service 340,000 -
Howard Hartrey TIF 148,010 -
Capital Improvement Fund 490,000 -
Water 3,194,053 -
Sewer 320,550 -
Motor Vehicle Parking System 870,000 -
Solid Waste - 1,055,967
Howard/Ridge TIF 60,000 -
Motor Fuel Tax 833,000 -
West Evanston TIF 60,000 -
General Obligation Debt Service Fund - 2,105,809
Economic Development 600,000 -
Library 250,000 -
Total General Fund 7,769,334 3,169,989
General Obligation Debt Service Fund
General 2,105,809 -
Insurance 34,756 -
Sewer 228,070 -
Economic Development 14,782 -
Neighborhood Stabilization Program 2 4,191 -
Emergency Telephone System 12,038 -
Community Development Block Grant 6,227 -
Library 77,268 -
Total General Obligation Debt Service Fund 2,483,141 -
Transfers are used to (1)move revenues from the fund with collection authorization to the debt service fund as debt
service principal and interest payments become due,(2)move restricted amounts from borrowings to the debt service
fund to establish mandatory reserve accounts,(3)move restricted General Fund revenues to finance various programs that
the government must account for in other funds in accordance with budgetary authorization,including amounts provided
as subsidies or matching funds for various grant programs.
- 46 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 6.INTERFUNDS - Continued
C. Interfund Transfers - Continued
Transfers Transfers
Funds In Out
Nonmajor Governmental Funds
Economic Development
Howard/Ridge TIF 47,500$ -$
General Obligation Debt Service Fund - 14,782
General - 600,000
Total Economic Development 47,500 614,782
Howard Hartrey TIF
General - 148,010
Howard/Ridge TIF
Economic Development - 47,500
General - 60,000
Total Howard/Ridge TIF - 107,500
Washington National TIF Debt Service
General - 340,000
Motor Vehicle Parking System - 2,925,296
Total Washington National TIF Debt Service - 3,265,296
West Evanston Tax Increment District
General - 60,000
Capital Improvements
General - 490,000
Total Capital Improvement - 490,000
Neighborhood Stabilization Program 2
General Obligation Debt Service - 4,191
General 8,213 -
Total Neighborhood Stabilization Program 2 8,213 4,191
Emergency Telephone System
General Obligation Debt Service - 12,038
General - 129,729
Total Emergency Telephone System - 141,767
Motor Fuel Tax
General - 833,000
Community Development Block Grant
General Obligation Debt Service - 6,227
General - 447,002
Total Community Development Block Grant - 453,229
Home Fund
General - 26,990
Total Nonmajor Governmental Funds 55,713 6,144,765
Total Governmental Funds 10,308,188 9,314,754
- 47 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 6.INTERFUNDS - Continued
C. Interfund Transfers - Continued
Transfers Transfers
Funds In Out
Enterprise Funds
Water
General -$ 3,194,053$
Total Water - 3,194,053
Sewer
General - 320,550
General Obligation Debt Service Fund - 228,070
Total Sewer - 548,620
Motor Vehicle Parking System
General - 870,000
Washington National TIF Debt Service 2,925,296 -
Total Motor Vehicle Parking System 2,925,296 870,000
Solid Waste
General 1,055,967 -
Total Enterprise Funds 3,981,263 4,612,673
Internal Service Funds
Insurance Fund
Debt Service Fund - 34,756
Total Internal Service Fund - 34,756
Total Primary Government 14,289,451 13,962,183
Component Unit
Library
General - 250,000
Debt Service Fund - 77,268
Total Library - 327,268
Total 14,289,451$ 14,289,451$
Note - Transfers between the primary government and component unit have been reclassified on the statement of activities.
- 48 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 7. OPERATING LEASES
Number of Monthly Annual Lease
Leasing Co.Expiration Machines Payment payment Type of Machines
Mail Finance 4/30/2018 1 375 4,500$ Postage Machine
Minimum annual lease payments are as follows:
Year ending 12/31/2016 $ 4,500
Year ending 12/31/2017 4,500
Year ending 12/31/2018 1,500
10,500$
The City entered into a lease agreement for a postage machine with Neopost during the 2012 fiscal year.The machine is
located on the first floor in the Civic Center. The lease term is 63 months with the first payment due in February 2013.
- 49 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 8.LONG-TERM DEBT
A. Changes in Long-Term Debt
Final Balance
Interest Maturity 12/31/2014 Restated/ Balance Due Within
Rate Date (Restated)Issued Refunded Payments 12/31/2015 One Year
G.O. Debt Governmental Activities
Series 2006 3.85%-5.00%12/1/2026 9,180,000$ -$ -$ 340,000$ 8,840,000$ 685,000$
Series 2006B 4.00%-4.25%12/1/2023 14,340,000 - 11,330,000 1,130,000 1,880,000 1,880,000
Series 2007 4.00%-5.00%12/1/2016 12,043,390 - - 1,308,711 10,734,679 1,063,055
Series 2008A 3.00%-5.00%12/1/2021 2,420,000 - - 305,000 2,115,000 305,000
Series 2008C 3.00%-5.00%12/1/2028 7,762,620 - - 410,040 7,352,580 426,120
Series 2008D 3.25%-5.00%12/1/2016 931,840 - - 736,320 195,520 195,520
Series 2010A 2.00%-3.625%12/1/2029 5,350,000 - - - 5,350,000 310,000
Series 2010B 1.00%-3.30%12/1/2019 4,155,616 - - 726,711 3,428,905 772,652
Series 2011A 2.00%-4.50%12/1/2031 11,643,054 - - 542,634 11,100,420 550,432
Series 2012A (SSA#5)2.00%-3.25%12/1/2032 795,000 - - 390,000 405,000 405,000
Series 2012A 2.00%-3.25%12/1/2032 7,870,000 - - 295,000 7,575,000 285,000
Series 2013A 2.00%-4.75%12/1/2033 10,545,000 - - 450,000 10,095,000 455,000
Series 2013B 2.00%-3.00%12/1/2025 20,455,319 - - 2,593,702 17,861,617 2,538,164
Series 2014 1.25%-5.00%12/1/2034 9,345,000 - - 275,000 9,070,000 370,000
Series 2015A - 7,605,000 - - 7,605,000 265,000
Series 2015B - 11,075,000 - - 11,075,000 1,000,000
Subtotal Governmental Activities 116,836,839 18,680,000 11,330,000 9,503,118 114,683,721 11,505,943
Bonds premium 3,018,905 79,680 - 341,766 2,756,819 -
OPEB liability - City 1,846,949 1,021,605 - 991,835 1,876,719 -
OPEB liability - Internal Service Funds 62,105 10,659 - 433 72,331 -
Net pension liability - IMRF 3,735,547 10,819,895 - - 14,555,442 -
Net pension liability - Police Pension 92,728,882 5,832,214 - 8,924,399 89,636,697 -
Net pension liabilitiy - Firefighters' Pension 75,642,489 3,989,662 - 3,216,771 76,415,380 -
Compensated absences payable - City 9,778,710 2,783,424 - 3,570,753 8,991,381 3,506,639
Compensated absences payable - Internal Service Funds 120,606 22,065 - 47,036 95,635 19,127
First Bank loan 648,812 2,900,000 - - 3,548,812 3,548,812
Claims payable 4,942,965 239,500 - 955,097 4,227,368 1,209,500
Subtotal Other G.A. Liabilities 192,525,970 27,698,704 - 18,048,090 202,176,584 8,284,078
Total Governmental Activity Debt and Liabilities 309,362,809$ 46,378,704$ 11,330,000$ 27,551,208$ 316,860,305$ 19,790,021$
G.O. Debt Business-Type Activities
Series 2007 Sewer 4.00%-5.00%12/1/2016 670,000$ -$ -$ 210,000$ 460,000$ 225,000$
Series 2007 Parking 4.00%-5.00%12/1/2016 480,000 - - 150,000 330,000 160,000
Series 2008B Sherman Garage 3.00%-5.00%12/1/2018 8,430,000 - - 2,090,000 6,340,000 2,095,000
Series 2008C Sewer 3.00%-5.00%12/1/2028 1,892,380 - - 99,960 1,792,420 103,880
Series 2010B W/S/San/Pkg 1.00%-3.30%12/1/2019 819,383 - - 143,289 676,094 152,347
Series 2011A W/S 2.00%-4.50%12/1/2031 3,571,944 - - 167,366 3,404,578 169,569
Series 2012A 2.00%-3.25%12/1/2032 4,130,000 - - 175,000 3,955,000 180,000
Series 2013A - Water 2.00%-4.75%12/1/2033 1,945,000 - - 75,000 1,870,000 80,000
Series 2013B 2.00%-3.00%12/1/2025 5,149,133 - - 1,139,331 4,009,802 1,225,020
Series 2014 1.25%-5.00%12/1/2034 2,700,000 - - 70,000 2,630,000 100,000
Series 2015A - 5,490,000 - - 5,490,000 180,000
Subtotal Business-Type Activities 29,787,840 5,490,000 - 4,319,946 30,957,894 4,670,816
IEPA loans 2.535%-3.59%Various 58,412,659 1,220,322 - 7,731,809 51,901,172 7,265,495
Bonds premium 778,257 307,694 - 132,237 953,714 -
Compensated absences payable - City 944,350 285,178 - 302,191 927,337 185,468
Net pension liability - IMRF 802,243 2,323,672 - - 3,125,915 -
OPEB liability 316,702 54,377 - 10,341 360,738 -
Subtotal Other Business-Type Activity Liabilities 2,841,552 2,970,921 - 444,769 5,367,704 185,468
Total Business-Type Activities Debt and Liabilities 91,042,051$ 9,681,243$ -$ 12,496,524$ 88,226,770$ 12,121,779$
Total Governmental and Business-Type Activities Debt and Liabilities 400,404,860$ 56,059,947$ 11,330,000$ 40,047,732$ 405,087,075$ 31,911,800$
Note: Sewer Fund, Water Fund, Solid Waste, Parking Fund, and General Fund have been used to liquidate IMRF Pension liability. General Fund, Fleet Fund, Water Fund, Parking Fund,
Solid Waste Fund, and Sewer Funds have been used to liquidate other postemployment benefit obligations.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 8. LONG-TERM DEBT - Continued
A. Changes in Long-Term Debt - Continued
Business-Type activities - IEPA Loans
IEPA loans payable consist of the following:
Date of Final Interest Original
Issue Maturity Rates Indebtedness Balance
Various Various Various 132,811,181$ 51,901,172$
Total Business-Type Activities - IEPA Loan Debt 51,901,172$
Business-type activities IEPA loans are payable from revenues derived from Sewer and Water service fees.The City has
pledged future revenues,net of operating expenses,to repay principal totaling $132,811,181 in IEPA loans issued in 1994
through 2015. Proceeds from the loans provided financing for the Long-Term Sewer and Water Improvement Program. The
IEPA loans,payable from operating revenues,are payable through 2035.Annual principal and interest on the loans are
expected to require $8,519,109 of net revenues for the fiscal year 2016.The total principal and interest remaining to be paid
on the loans is $58,395,578.Principal and interest paid for the current period and total customer net revenues were
$9,162,225 and $11,187,723, respectively.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 8. LONG-TERM DEBT - Continued
B.General Obligation Bonds Payable
Year Ending Governmental Activities Business-Type Activities
December 31 Principal Interest Principal Interest
2016 11,505,943$ 4,286,101$ 4,670,816$ 1,152,432$
2017 10,123,864 3,729,533 5,257,126 991,172
2018 9,551,234 3,442,466 4,216,935 771,659
2019 9,379,112 3,147,508 1,079,134 626,774
2020 8,731,738 2,839,537 927,483 589,262
2021-2025 37,629,433 9,713,172 5,176,688 2,388,417
2026-2030 19,612,671 3,574,734 5,889,442 1,297,315
2031-2035 8,149,726 697,776 3,740,270 318,815
Total 114,683,721$ 31,430,827$ 30,957,894$ 8,135,846$
Current Refunding
C. Special Service District Bonds Payable
For the Fiscal
Year Ending Principal Interest
2016 405,000$ 11,872$
Total 405,000$ 11,872$
In November 2015,the City issued Series 2015A General Obligation Bonds for a total of $13,095,000 with interet
rates ranging from 2.0%to 4.0%.The bonds were issued to provide financing for certain public improvement projects
for both governmental and business type activities.
Also in November 2015,the City issued Series 2015B General Obligation Refunding Bonds for a total of $11,075,000
with interest rates ranging from 4.125%to 4.500%.The bonds were issued to currently refund $11,330,000 of the
currently outstanding General Obligation Bonds, series 2006B.
The following schedule illustrates the annual debt service requirements to maturity for general obligation bonds.
Governmental Activities
Special Service District Bond is included within the total of General Obligation Bonds.Annual debt service
requirements to maturity for special service district bonds are as follows:
On November 10,2015,the City issued $11,075,000 in General Obligation Refunding Bonds,Series 2015B,due in
annual installments of $1,000,000 to $1,725,000 plus interest at 2%to 3%through December 1,2022 to advance
refund a portion of the General Obligation Bonds,Series 2006B in the amount of $11,330,000.The net proceeds of
$11,330,000(after payment of $107,492 in underwriting fees,insurance and other issuance costs)were used to call the
2006B bonds.This transition resulted in a decrease in future debt payment of $1,040,953 and an economic gain of
$1,040,458.
The City issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities.
General obligation bonds have been issued for both governmental and business-type activities.
General obligation bonds are direct obligations and pledge the full faith and credit of the City.These bonds generally
are issued as 20-year serial bonds with equal amounts of principal maturing each year.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 8. LONG-TERM DEBT - Continued
D.Notes Payable - IEPA Loans
Notes payable - IEPA debt service requirements to maturity are as follows:
For the Fiscal
Year Ending Principal Interest
2016 7,265,496$ 1,253,614$
2017 6,650,495 1,065,691
2018 6,198,906 894,309
2019 5,241,369 737,489
2020 4,890,608 609,088
2021-2025 15,792,653 1,580,171
2026-2030 4,704,358 302,919
2031-2035 1,157,287 51,125
Total 51,901,172$ 6,494,406$
E.Loan with First Bank and Trust, Evanston
F.Postemployment Benefits other than Pensions (Defined Benefit Plan)
Contribution requirements are established through Illinois State laws.The City and the Library implicitly contributes
the difference between retiree's contributions and unblended rates.Retirees pay 100%of the blended premiums to cover
themselves and their covered dependents ranging from $507 for single coverage to $1,953 for family coverage.The City
pays 100%of health care premiums for police officers and firefighters,their dependents and their surviving spouses and
dependent children if they were injured or killed in the line of duty during an emergency,ranging from $507 for single
coverage to $1,953 for family coverage.For the year ended December 31,2015,the City and Library's estimated
contribution to the plan is $1,004,111.The City's and the Library's annual other postemployment benefit (OPEB)cost
(expense)is calculated based on the annual required contribution of the employer (ARC),an amount actuarially
determined in accordance with parameters of GASB Statement No.45.The ARC represents a level of funding that,if
paid on an ongoing basis,is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or
funding excess) over a period not to exceed 30 years.
The City's and the Library's group health insurance plan provides coverage to active employees and retirees (or other
qualified terminated employees)at blended premium rates.This results in an other postemployment benefit (OPEB)for
the retirees,commonly referred to as an implicit rate subsidy.The group health insurance plan does not issue a publicly
available financial report.
During the last fiscal year,the City set up a loan/line of credit with First Bank and Trust,Evanston in the amount of
$5,000,000.The loan term is one year with a maturity date of June 16,2016.As of December 31,2015,the City had
drawn $3,548,812 for two projects funded out of TIF funds.The interest rate will be calculated based on 1.00
percentage point over one month "LIBOR" rate index.
Business-Type Activities
As of December 31,2015,the City currently has 24 outstanding loans from the IEPA.The City will repay the loans
solely from revenues derived from the sewer and water system;the loans do not constitute a full faith and credit
obligation of the City.They will be repaid with equal installments consisting of principal plus simple interest,on
unpaid principal balances,over a period of 20 years.Initial principal balances will consist of disbursements and interest
accrued during construction. Repayments begin not later than six months after completion of construction.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 8. LONG-TERM DEBT - Continued
F.Postemployment Benefits other than Pensions (Defined Benefit Plan) - Continued
Membership
Retirees and beneficias current receiving benefits 109
Terminated employees entitles to benefits but not yet receiving them -
Active employees 648
Total 757
City Library
Annual required contribution 1,071,479$ 17,169$
Interest on net OPEB obligation 100,159 2,552
Adjustment to annual required contribution (84,997) (2,166)
Annual pension cost 1,086,641 17,555
Contributions made (1,002,609) (1,502)
Increase (Decrease) in Net Pension Obligation 84,032 16,053
Net OPEB Obligation - Beginning 2,225,756 56,716
Net OPEB Obligation - Ending 2,309,788$ 72,769$
Percentage of
Fiscal Period Annual OPEB Annual OPEB Net OPEB
Ended Cost Cost Contributed Liability
12/31/2013 1,085,522$ 84.58%2,064,277$
12/31/2014 1,085,542 85.12%2,225,756
12/31/2015 1,086,641 92.27%2,309,788
The following table shows the components of the City's and the Library's annual OPEB cost for the year ended
December 31,2015,the estimated contributions to the plan and changes in the City's and the Library's net OPEB
obligation to the retiree health plan.
The City's annual OPEB cost,the percentage of annual OPEB cost contributed to the plan,and the net OPEB obligation
for 2015 and the two years prior were as follows.
At December 31, 2014 (date of last actuarial valuation), membership consisted of:
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 8. LONG-TERM DEBT - Continued
F.Postemployment Benefits other than Pensions (Defined Benefit Plan) - Continued
Percentage of
Fiscal Period Annual OPEB Annual OPEB Net OPEB
Ended Cost Cost Contributed Liability
12/31/2013 16,089$ 9.09%40,654$
12/31/2014 17,446 7.93%56,716
12/31/2015 17,555 8.56%72,769
City Library
Actuarial accrued liability (AAL)15,832,757$ 171,069$
Actuarial value of plan assets - -
Unfunded Actuarial Accrued Liability (UAAL)15,832,757$ 171,069$
Funded ratio (actuarial value of plan assets/AAL)-$ -$
Covered payroll (active plan members)53,707,250 1,822,983
UAAL as a percentage of covered payroll 29.48%9.38%
The Library's annual OPEB cost,the percentage of annual OPEB cost contributed to the plan,and the net OPEB
obligation for 2015 and the two years prior were as follows.
The funded status of the City and the Library plan based on the projected valuation results as of December 31,2015
was as follows:
Actuarial valuations of an ongoing plan involve estimates for the value of reported amounts and assumptions about the
probability of occurrence of events far into the future.Examples include assumptions about future employment,
mortality and the health care trend.Amounts determined regarding the funded status of the plan and annual required
contributions of the employer are 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 supplementary
information following the notes to the financial statements,presents mult-iyear trend information that shows whether
the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for
benefits.
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan is understood by the
employer and plan members)and include the types of benefits provided at the time of each valuation and the historical
pattern of sharing benefit costs between the employer and plan members to that point.The actuarial methods and
assumptions used include techniques that are designed to reduce short-term volatility in actuarial accrued liabilities and
the actuarial value of assets, consistent with the long-term perspective of calculations.
In the actuarial valuation as of December 31,2015,the entry-age normal cost method was used.The actuarial
assumptions include a 4.50%discount rate and an annual healthcare cost trend rate of 8.50%initially,reduced by
decrements to an ultimate rate of 4.50%in the year 2023.Both rates include a 2.5%price inflation assumption.The
actuarial value of retiree health plan assets was determined using techniques that spread the effects of short-term
volatility in the market value of investments over a three year period.Retiree health plan's unfunded actuarial accrued
liability is being amortized as a level percentage of projected payroll on an open basis.The amortization period at
December 31, 2015 was 30 years.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 9.FUND EQUITY
A.Restricted Net Position - Fiduciary Funds
Fiduciary Funds
Firefighters' Pension Fund restriction for employee pension benefits 66,741,084$
Police Pension Fund restriction for employee pension benefits 98,558,837
Total Fiduciary Funds 165,299,921$
B.Assigned Fund Balances
The following are the assigned fund balances:
General Fund
Assigned for Arts Council 24,797$
Assigned for private elm trees 134,483
Assigned for Dutch elm inoculation 249,973
Assigned for parkway trees 52,871
Assigned for Butterfield sculpture 30,883
Assigned for scholarship contributions 24,353
Assigned for Noyes Center 337,086
Assigned for recreation group activities 207,123
Assigned for youth initiative 42,151
Assigned for parks and recreation 477,847
Assigned for Mayor's programs 93,179
Assigned for Chiaravelle escrow 204,600
Assigned for IMRF - Pension 1,773,923
Assigned for compensated absences 1,804,360
Other assignments 214,363
Total General Fund 5,671,992$
Capital Improvement Fund
Assigned for capital projects 7,972,906$
Nonmajor Governmental Funds
Assigned for special assessment capital project 2,682,781$
Total Assigned Fund Balances 16,327,679$
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 10.INDIVIDUAL FUND ACTIVITIES
A.General Obligation Debt Service Fund
B.Water Fund
C.Special Service District No. 4
The City usually adopts several resolutions abating portions of the property tax debt service levies.The amount of
property taxes abated is derived from principal and interest payments by private assessments on street paving projects;
additional water/sewer service fees related to the citywide water/sewer improvement project;tax increment revenues in
the Washington National and Howard Hartrey Tax Increment Districts;revenues from the Motor Vehicle Parking
System Fund associated with the Maple Garage,Sherman Garage,and Church Street Self-Park garage;and General
Obligation Debt Service Fund interest income.
On January 28,1997,the City executed a long-term water supply contract with the Village of Skokie,Illinois,to replace
an expiring contract.The contract took effect on March 1,1997 and continues in effect for a period of 20 years until
February 28,2017.The contract is renewable at ten-year intervals thereafter.Under the terms of the contract,the City is
to supply the Village of Skokie sufficient potable Lake Michigan water to satisfy the maximum 24-hour demand for
Lake Michigan water of the Village of Skokie system.
The City also provides potable Lake Michigan water to the Northwest Water Commission (NWWC)under a long-term
water supply contract.Sale of potable water under this contract began on February 28,1985 and continues until
February 28,2030.Under the terms of the current contract,the City is to supply NWWC sufficient potable Lake
Michigan water to satisfy NWWC’s maximum 24-hour demands for Lake Michigan water for resale to NWWC’s
customers.
On August 13,2007,the City Council adopted Ordinance No.37-R-07 which extended the life of Special Service
District No.4 until December 31,2019.Special Service District No.4 comprises the central business district of the
City.The special district was established for the purpose of providing funds for special maintenance and repair and for
promotion and advertisement.The annual property tax levy for 2015 was $320,790 which includes an estimated
allowance amount of $6,416.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 11.RISK MANAGEMENT - CLAIMS AND JUDGEMENTS
The changes in the balances of claims liabilities during the past two fiscal periods are as follows:
Workers’General
Compensation Liability Total
December 31, 2013 2,104,785$ 2,686,675$ 4,791,460$
New claims and/or estimate revisions 565,982 363,368 929,350
Claims payments (494,767) (283,078) (777,845)
December 31, 2014 2,176,000 2,766,965 4,942,965
New claims and/or estimate revisions 339,385 (390,867) (51,482)
Claims payments (588,265) (75,850) (664,115)
December 31, 2015 1,927,120$ 2,300,248$ 4,227,368$
The City is exposed to various risks of loss related to torts;theft of,damage to,and destruction of assets;errors and omissions;
natural disasters;and injuries to the City's employees.The City maintains commercial all-risk property insurance to cover
damage to the City's facilities and contents and other losses including business interruption and loss of rents.The coverage is
subject to a deductible of $50,000 (except $100,000 for flood and earthquake)for each loss and each location.The City also
maintains crime and fidelity insurance coverage with a $25,000 deductible to a limit of $2,000,000.In addition,coverage is
maintained for ambulance/paramedic liability.
For workers'compensation,specific excess coverage in excess of $750,000 per occurrence is purchased from a commercial
insurance company. For general liability claims, the City retains risk of loss of $1,250,000 to a limit of $10,000,000.
Workers' compensation and general liability risks are accounted for in the Insurance Fund. The fund was established on March
1,1994 to administer general liability claims and workers'compensation programs on a cost-reimbursement basis.The fund
accounts for the aforementioned liabilities of the City, but does not constitute a transfer of risk from the City.
The City records estimated liabilities for workers'compensation and for general claims.Claims liabilities are based on
estimates of the ultimate cost of reported claims including future claim adjustment expenses.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 12.CONTINGENCIES
NOTE 13.JOINT VENTURES
A.Solid Waste Agency of Northern Cook County
Summary of Financial Position as of April 30, 2015:
Current assets 3,745,840$
Property, plant, and equipment 9,694,317
Total assets 13,440,157
Current liabilities 3,684,511
Total liabilities 3,684,511
Deferred inflows
Deferred rent 171,429
Net investment in capital assets 8,494,317
Restricted net position 2,592,283
Unrestricted net position (1,502,383)
Net Position 9,584,217$
Under the 1992 project use agreement executed by the City with the Agency,the City’s share of project costs,including debt
service and disposal,is based on its share of deliveries to the Wheeling Transfer station for each year.The City does not control
the Agency's fiscal management or operations nor is the City legally responsible for any more than its share of the Agency's debt
or operating deficits, if any.
There are various claims and legal actions pending against the City for which provision has been made in the financial
statements.At the present time,the City believes that the reserves established are sufficient so that the expected liability for
these claims and legal actions will not materially exceed the amounts recorded in the financial statements.Amounts received or
receivable from grantor agencies are subject to audit and adjustment by grantor agencies,principally the federal government.
Any disallowed claims,including amounts already collected,may constitute a liability of the applicable funds.The amount,if
any,of the expenditures which may be disallowed by the grantor cannot be determined at this time although the City expects
such amounts, if any, to be immaterial.
On March 28,1988,the City Council authorized agreements providing for the City's participation in the Solid Waste Agency of
Northern Cook County (the Agency)and in the interim financing of that agency.The Agency was planned and developed by the
Northwest Municipal Conference,of which the City is a member.The Agency is empowered to plan,finance,construct,and
operate a solid waste disposal system.
The Agency is a municipal joint action agency created as of May 2,1988 under the provisions of the Intergovernmental
Cooperation Act,5 ILCS 220/3.2.The Agency consists of 23 municipalities.The Agency is governed by a Board of Directors
consisting of one official selected by each member community who serves a two-year term.Each director has one vote.The
Board of Directors determines the general policies of the Agency.The Executive Committee of the Agency consists of seven
persons elected by the Board of Directors.Each person is entitled to one vote.The Executive Committee may take action not
specifically reserved to the Board of Directors by the Act, the Agency agreement, or the bylaws.
The authority to designate management,influence operations,and formulate budgets rests with the Board of Directors and
Executive Committee.No one member has the ability to significantly influence operations;therefore,the Agency is not a
component unit of any other governmental reporting entity.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 13.JOINT VENTURES - Continued
A.Solid Waste Agency of Northern Cook County - Continued
Summary of Revenues and Expenses for the Year Ended April 30, 2015:
Total revenues 14,294,118$
Total expenses (14,279,224)
Net Income 14,894$
Complete financial statements for the Agency can be obtained at 2700 Patriot Blvd., Glenview, IL 60026.
B.Evanston Housing Corporation
Statement of Financial Position as of December 31, 2014:
Cash and cash equivalents 2,133,506$
Mortgage loans receivable 193,746
Total assets 2,327,252
Payables and accrued expenses 388,761
Notes payable 3,064,000
Total liabilities 3,452,761
Net Position (1,125,509)$
(Note: December 31, 2014 is the most current information available.)
Statement of Activities for the Year Ended December 31, 2014:
Total revenues 101,263$
Total operating expenses (101,263)
Excess of Revenues over Expenses -$
(Note: December 31, 2014 is the most current information available.)
The City agreed to jointly participate with various lending institutions in a not-for-profit housing mortgage corporation by
approval of the City Council on May 22,1989.The purpose of the Evanston Housing Corporation (the Corporation)is to lend
mortgage funds to qualified, income eligible, first-time homebuyers in the City.
The Corporation is governed by a Board of Directors of ten people,four of whom are selected by the City.The Board of
Directors has the authority to approve the annual budget and to arrange for the management of the affairs of the Corporation.
The City has no governing authority to influence actions of the Corporation.The City is not liable for payment of any debts of
the Corporation.
The City of Evanston has advanced $639,000 to the corporation under the notes due on or before November 30,2034.The notes
bear no interest.However,the City is entitled to a certain net sales consideration upon the sale or exchange of the mortgaged
property, as well as a prorated portion of the investment income earned on the funds not loaned to mortgagees.
The financial institutions'funds are advanced under Non-Recourse Collateral Trust Notes.The notes are payable on or before
November 30,2029.Interest accrues based on interest earned from the mortgage notes receivable and investments,less
expenses.Interest is paid semiannually to the holders on a pro-rata basis based on the amount of each note held to the total
outstanding notes.
The audited financial statements of the Corporation for the year ended December 31, 2014 are summarized as follows:
The City provides the Corporation with office space and staff support on a cost reimbursement basis.Complete financial
statements for the Corporation can be obtained in the City's Community Development Department from the Assistant Director,
Housing Rehabilitation and Property Standards.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS
A.Plan Descriptions
Illinois Municipal Retirement Fund
Plan Administration
Plan Membership
Inactive employees or their beneficiaries
currently receiving benefits 651
Inactive employees entitled to but not
yet receiving
benefits
389
Active employees 512
Total 1,552
Benefits Provided
The IMRF Data included in the table above includes membership of both the City and the Library.
IMRF provides two tiers of pension benefits.Employees hired prior to January 1,2011 are eligible for Tier 1
benefits.For Tier 1 employees,pension benefits vest after eight years of service.Participating members who
retire at age 55 (reduced benefits)or after age 60 (full benefits)with eight years of credited service are entitled
to an annual retirement benefit,payable monthly for life,in an amount equal to 1 2/3%of their final rate of
earnings,for each year of credited service up to 15 years,and 2%for each year thereafter.Employees hired on
or after January 1,2011 are eligible for Tier 2 benefits.For Tier 2 employees,pension benefits vest after ten
years of service.Participating members who retire at age 62 (reduced benefits)or after age 67 (full benefits)
with ten years of credited service are entitled to an annual retirement benefit,payable monthly for life,in an
amount equal to 1 2/3%of their final rate of earnings,for each year of credited service up to 15 years,and 2%
for each year thereafter.IMRF also provides death and disability benefits.These benefit provisions and all other
requirements are established by state statute.
At December 31, 2015, IMRF membership consisted of:
All employees hired in positions that meet or exceed the prescribed annual hourly standard must be enrolled in
IMRF as participating members.
The City 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 governments and school districts in Illinois (other than those covered by the Police or Firefighters'Pension
Plan).The Illinois Pension Code establishes the benefit provisions of the plan that can only be amended by the
Illinois General Assembly.IMRF issues a publicly available financial report that includes financial statements
and supplementary information for the plan as a whole,but not by individual employer.That report may be
obtained by writing to the Illinois Municipal Retirement Fund,2211 York Road,Suite 500,Oak Brook,Illinois
60523.
The plan is accounted for on the economic resources measurement focus and the accrual basis of accounting.
Employer and employee contributions are recognized when earned in the year that the contributions are
required, benefits and refunds are recognized as an expense and liability when due and payable.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Contributions
Actuarial Assumptions
Actuarial valuation date December 31, 2015
Actuarial cost method Entry-age normal
Assumptions
Inflation 2.75%
Salary increases 3.75% to 14.50%
Interest rate 7.50%
Cost of living adjustments 3.00%
Asset valuation method Market value
The City’s net pension liability was measured as of December 31,2015 and the total pension liability used to
calculate the net pension liability was determined by an actuarial valuation performed as of the same date using
the following actuarial methods and assumptions.
For nondisabled retirees,an IMRF specific mortality table was used with fully generational projection scale MP-
2014 (base year 2014).IMRF specific rates were developed from the RP-2014 Blue Collar Health Annuitant
Mortality Table with adjustments to match current IMRF experience.For disabled retirees,an IMRF specific
mortality table was used with fully generational projection scale MP-2014 (base year 2014).IMRF specific
rates were developed from the RP-2014 Disabled Retirees Mortality Table applying the same adjustment that
were applied for nondisabled lives.For active members,an IMRF specific mortality table was used with fully
generational projection scale MP-2014 (base year 2014).IMRF specific rates were developed from the RP-
2014 Employee Mortality Table with adjustments to match current IMRF experience.
Employees participating in IMRF are required to contribute 4.50%of their annual covered salary to IMRF.The
member rate is established by state statute.The City is required to contribute the remaining amounts necessary
to fund IMRF as specified by statue.The employer contribution rate for the calendar year ended December 31,
2015 was 10.66% of covered payroll.
Changes in assumptions related to retirement age and mortality were made since the prior measurement date.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Discount Rate
Changes in Net Pension Liability
(a)(b)(a) - (b)
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability
Balances at
January 1, 2015 220,476,485$ 215,541,904$ 4,934,581$
Changes for the period
Service cost 3,910,996 - 3,910,996
Interest 16,235,086 - 16,235,086
Difference between expected and
actual experience 1,465,442 - 1,465,442
Changes in assumptions 266,906 - 266,906
Employer contributions - 4,018,268 (4,018,268)
Employee contributions - 1,767,523 (1,767,523)
Net investment income - 1,062,353 (1,062,353)
Benefit payments and refunds (11,928,345) (11,928,345) -
Administrative expense - - -
Other (net transfer)- 737,427 (737,427)
Net Changes 9,950,085 (4,342,774) 14,292,859
Balances at
December 31, 2015 230,426,570$ 211,199,130$ 19,227,440$
The discount rate used to measure the total pension liability was 7.49%.The projection of cash flows used to
determine the discount rate assumed that member contributions will be made at the current contribution rate and
that the City contributions will be made at rates equal to the difference between actuarially determined
contribution rates and the member rate.Based on those assumptions,the City’s fiduciary net position was
projected not to be available to make all projected future benefit payments of current plan members.Therefore,
the long-term expected rate of return on pension plan investments of 7.50%was blended with the index rate of
3.57%for tax exempt general obligation municipal bonds rated AA or better at December 31,2015 to arrive at
a discount rate of 7.49% used to determine the total pension liability.
The table presented above includes amounts for both the City and the Library.The City’s proportionate share of
the net pension liability at January 1,2015,the employer contributions,and the net pension liability at
December 31,2015 was $4,537,790,$3,688,783,and $17,681,357,respectively.The Library’s proportionate
share of the net pension liability at January 1,2015,the employer contributions and the net pension liability at
December 31, 2015 was $396,791, $329,485, and $1,546,083, respectively.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 2,416,886$ -$
Changes in assumption 3,735,389 -
Net difference between projected and actual earnings
on pension plan investments 13,683,734 -
Total 19,836,009$ -$
Year Ending
December 31,
2016 7,085,134$
2017 5,921,087
2018 3,849,669
2019 2,980,119
Thereafter -
Total 19,836,009$
For the year ended December 31,2015,the City recognized pension expense of $5,543,149.At December 31,
2015,the City reported deferred outlfows of resources and deferred inflows of resources related to IMRF from
the following sources:
The deferred outflows presented in the table above include amounts for both the City and the Library.The
City’s proportionate share of the deferred outflows and inflows of resources at December 31,2015 was
$18,240,990.The Library’s proportionate share of the deferred outflows of resources at December 31,2015
was $1,595,019
Amounts reported as deferred outflows of resources and deferred inflows of resources related to IMRF will be
recognized in pension expense as follows:
- 64 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Disount Rate Sensitivity
Current
1% Decrease Discount Rate 1% Increase
(6.49%)(7.49%)(8.49%)
City 44,213,500$ 17,681,357$ (4,178,950)$
Library 3,865,556$ 1,546,083 (365,363)
Total 48,079,056$ 19,227,440$ (4,544,313)$
The following is a sensitivity analysis of the net pension liability (asset)to changes in the discount rate.The
table below presents the net pension liability (asset)of the City calculated using the discount rate of 7.49%as
well as what the City’s net pension liability (asset)would be if it were calculated using a discount rate that is 1
percentage point lower (6.49%) or 1 percentage point higher (8.49%) than the current rate:
- 65 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans
Plan Administration
Plan Membership
At January 1, 2015, plan membership consisted of:
Firefighters'
Police Pension Pension
Inactive plan members or beneficiaries
currently receiving benefits 180 142
Inactive plan members entitled to
but not yet receiving benefits 6 3
Active plan members 163 107
Total 349 252
Benefits Provided
Police Pension Plan
The Police Pension Plan and Firefighters'Pension Plan are contributory,defined benefit public employee retirement plans
administered by the City and a Board of Trustees for each Fund.All sworn City police officers and firefighters are participants in
the plans.The plans do not issue stand-alone financial reports and they are not included in the report of a public employee
retirement system or another entity. The City accounts for the Police Pension and Firefighters' Pension Plans as pension trust funds.
The plans are governed by a five-member pension board.Two members appointed by the City's Council,one elected by retired
pension members and two elected by active members, constitute the pension board.
The Police and Firefighters'Pension Plans are accounted for on the economic resources measurement focus and the accrual basis of
accounting.Employer and employee contributions are recognized when earned in the year that the contributions are required,
benefits and refunds are recognized on an expense and liability when due and payable.
For employer contributions,the City’s budget policy is to fund pension plans at the funding level recommended annually by the
actuary. The General Fund is used to liquidate the net pension liability.
As provided for in the Illinois Compiled Statutes,the Police and Firefighters'Pension Funds provide retirement benefits as well as
death and disability benefits to employees grouped into two tiers.Tier 1 is for employees hired prior to January 1,2011 and Tier 2
is for employees hired after that date.The following is a summary of the Police and Firefighters'Pension Funds as provided for in
Illinois Compiled Statutes.
Tier 1 ‑Covered employees attaining the age of 50 or more with 20 or more years of creditable service are entitled to receive an
annual retirement benefit of one half of the salary attached to the rank on the last day of service,or for one year prior to the last
day,whichever is greater.The pension shall be increased by 2.5%of such salary for each additional year of service over 20 years
up to 30 years to a maximum of 75%of such salary.Employees with at least 8 years but less than 20 years of credited service may
retire at or after age 60 and receive a reduced retirement benefit.The monthly pension of a police officer who retired with 20 or
more years of service after January 1,1977 shall be increased annually,following the first anniversary date of retirement and paid
upon reaching at least age 55, by 3% of the original pension and 3% compounded annually thereafter.
- 66 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS – Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Benefits Provided - Continued
Police Pension Plan - Continued
Firefighters' Pension Plan
Contributions
Participants contribute a fixed percentage of their base salary to the Firefighters'Pension Plan.At December 31,2015,the
contribution percentage was 9.455%.If a participant leaves covered employment with less than 20 years of service,accumulated
participant contributions may be refunded without accumulated interest.The City is required to contribute the remaining amounts
necessary to finance the plan as actuarially determined by an enrolled actuary.Effective January 1,2011,the City’s contributions
must accumulate to the point where the past service cost for the Firefighters'Pension Plan is 90%funded by the year 2040.For the
year ended December 31, 2015 the City’s contribution was 67.07% of covered payroll.
Tier 2 ‑Covered employees attaining the age of 55 or more with 10 or more years of creditable service are entitled to receive a
monthly pension of 2.5%of the final average salary for each year of creditable service.The salary is initially capped at $106,800
but increases annually thereafter and is limited to 75%of final average salary.Employees with 10 or more years of creditable
service may retire at or after age 50 and receive a reduced retirement benefit.The monthly pension of a police officer shall be
increased annually on the January 1 occurring either on or after the attainment of age 60 or the first anniversary of the pension start
date,whichever is later.Each annual increase shall be calculated at 3%or one‑half the annual unadjusted percentage increase in
the consumer price index (CPI), whichever is less.
Tier 1 -Covered employees attaining the age of 50 or more with 20 or more years of creditable service are entitled to receive a
monthly retirement benefit of one half of the monthly salary attached to the rank held in the fire service at the date of retirement.
The monthly pension shall be increased by one twelfth of 2.5%of such monthly salary for each additional month over 20 years of
service through 30 years of service to a maximum of 75%of such monthly salary.Employees with at least 10 years but less than
20 years of credited service may retire at or after age 60 and receive a reduced retirement benefit.The monthly pension of a
firefighter who retired with 20 or more years of service after January 1,1977 shall be increased annually,following the first
anniversary date of retirement and paid upon reaching at least the age 55,by 3%of the original pension and 3%compounded
annually thereafter.
Tier 2 ‑Covered employees attaining the age of 55 or more with 10 or more years of creditable service are entitled to receive a
monthly pension of 2.5%of the final average salary for each year of creditable service.The salary is initially capped at $106,800
but increases annually thereafter and is limited to 75%of final average salary.Employees with 10 or more years of creditable
service may retire at or after age 50 and receive a reduced retirement benefit.The monthly pension of a firefighter shall be
increased annually on the January 1 occurring either on or after the attainment of age 60 or the first anniversary of the pension start
date,whichever is later.Each annual increase shall be calculated at 3%or one‑half the annual unadjusted percentage increase in
the CPI, whichever is less.
Covered employees are required to contribute 9.91%of their base salary to the Police Pension Plan.If an employee leaves covered
employment with less than 20 years of service,accumulated employee contributions may be refunded without accumulated interest.
The City is required to contribute the remaining amounts necessary to finance the plans as actuarially determined by an enrolled
actuary.Effective January 1,2011,the City's contributions must accumulate to the point where the past service cost for the Police
Pension Plan is 90%funded by the year 2040.For the year ended December 31,2015 the City's contribution was 64.61%of
covered payroll.
- 67 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Investment Policy
Police Pension Fund
Police Pension Asset Class
Domestic Equity Large Cap 5.35%
Domestic Small Cap 6.56%
International Developed Foreign 5.85%
Fixed Income Investment Grade Corporate 2.50%
Fixed Income Intermediate U.S. Treasuries 2.04%
REITS 5.92%
Cash -0.25%
Total
Permitted Deposits and Investments -Statutes and the Police Pension Fund’s (the Fund)investment policy authorize the Fund to
make deposits/invest in insured commercial banks,savings and loan institutions,obligations of the U.S.Treasury and U.S.
agencies,insured credit union shares,money market mutual funds with portfolios of securities issued or guaranteed by the United
States Government or agreements to repurchase these same obligations,repurchase agreements,short-term commercial paper rated
within the three highest classifications by at least two standard rating services,Illinois Funds,IMET,certain non-U.S.obligations,
Illinois municipal corporations tax anticipation warrants,veteran’s loans,obligations of the State of Illinois and its political
subdivisions,and Illinois insurance company general and separate accounts,mutual funds and equity securities (not to exceed 65%
of the total net position of the Fund),and corporate bonds.During the year,no changes to the investment policy were approved by
the Board of Trustees.
The Fund's investment policy allows investments in all of the above listed accounts,but does exclude any repurchase agreements.
The Fund's investment policy, in accordance with Illinois Statutes, establishes the following target allocation across asset classes:
52.0%
5.0%
5.0%
8.0%
25.0%
3.0%
2.0%
100%
Long-Term Expected
Real Rate of Return
The long-term expected rate of return on the Fund's investments was determined using a building-block method in which best-
estimate ranges of expected future real rates of return (expected returns,net of pension plan investment expenses and inflation)are
developed for each major asset class.These ranges are combined to produce the long-term expected rate of return by weighting the
expected future real rates of return by the target asset allocation percentage and by adding expected inflation.Best estimates of
arithmetic real rates of return for each major asset class included in the Fund's target asset allocation as of December 31,2015 are
listed in the table above.
Target Allocation
- 68 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 15.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Firefighters' Pension Fund
Firefighters' Pension Asset Class Target Allocation
Cash 1.0%0.50%
U.S. Fixed Income 40.30%2.10%
High Yield 1.50%5.90%
U.S. Large Cap Growth Equity 14.00%7.50%
U.S. Large Cap Value Equity 12.20%7.10%
U.S. Mid Cap Growth Equity 3.40%8.60%
U.S. Mid Cap Value Equity 3.40%7.90%
U.S. Small Cap Growth Equity 2.70%9.50%
U.S. Small Cap Value Equity 2.70%8.60%
Europe Equity 5.30%7.60%
Japan Equity 0.70%7.10%
Emerging Market Equity 0.60%9.40%
Real Estate 2.10%6.80%
Infrastructure 3.30%5.90%
Hedged Strategies 6.80%3.50%
Total 100%
Investment Valuations
Investment Rate of Return
For the year ended December 31,2015,the Police Pension Plan annual money-weighted rate of return on pension plan investment,
net of pension plan investment expense,was 9.54%.The money-weighted rate of return expresses investment performance,net of
investment expense, adjusted for the changing amounts actually invested.
For the year ended December 31,2015,the Firefighters'Pension Plan annual money weighted rate of return on pension plan
investment,net of pension plan investment expense,was 5.47%.The money-weighted rate of return expresses investment
performance, net of investment expense, adjusted for the changing amounts actually invested.
All investments in the Police and Firefighters'Pension Plans are stated at fair value and are recorded as of the trade date.Fair value
is based on quoted market prices at December 31 for debt securities,equity securities and mutual funds,and contract values for any
insurance contracts.Investment income is recognized as earned.Gains and losses on sales and exchanges of fixed income securities
are recognized on the transaction date.
Long-Term Expected
Real Rate of Return
The long-term expected rate of return on the Fund's investments was determined using a building-block method in which best-
estimate ranges of expected future real rates of return (expected returns,net of pension plan investment expenses,and inflation)are
developed for each major asset class.These ranges are combined to produce the long-term expected rate of return by weighting the
expected future real rates of return by the target asset allocation percentage and by adding expected inflation.Best estimates of
arithmetic real rates of return for each major asset class included in the Fund's target asset allocation as of December 31,2015 are
listed in the table above.
The Firefighters'Pension Fund (the Fund)allows funds to be invested in any type of security authorized by the Illinois Pension
Code.During the year,no changes to the investment policy were approved by the Board of Trustees.The Fund's investment policy,
in accordance with Illinois Statutes, establishes the following target allocation across asset classes:
- 69 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Deposits with Financial Institutions
Interest Rate Risk
Investment Maturities (In Years)
Fair Value Less Than 1 Year 1 - 10 More Years
Corporate bonds 22,695,257$ 944,417$ 21,750,840$
U.S. Treasuries 19,217,626 2,926,738 16,290,888
Federal Home Loan Bank 593,979 - 593,979
Federal Home Loan Mortgage Corp 7,739,602 - 7,739,602
Fannie Mae 9,486,365 104,532 9,381,833
Ginnie Mae 237,495 412 237,083
Total Police and
Firefighters' Investment $ 59,970,324 $ 3,976,099 $ 55,994,225
Credit Risk
Custodial Credit Risk - Investments
The following table presents the investments and maturities of the Funds' debt securities as of December 31, 2015:
In accordance with its investment policy,the Funds'limit exposure to interest rate risk by structuring the portfolio to provide
liquidity for operating funds not needed within a one-year period.The investment policies does not limit the maximum maturity
length of investments in the Funds.
The Funds'limits its exposure to credit risk,the risk that the issuer of a debt security will not pay its par value upon maturity,by
investing in obligations guaranteed by the United States Government or securities issued by agencies of the United States
Government that are explicitly or implicitly guaranteed by the United States Government bonds and investment grade bonds.The
U.S.Treasury and agency obligations are rated by Moody’s Aaa,the corporate bonds are rated between Baa3 and Aaa,and the
municipal bonds are rated between Aa3 and Aaa.Illinois Funds is rated Aaa by Standard and Poor’s.The Funds'investment
policies are silent on minimum ratings required.
Custodial credit risk for investments is the risk that,in the event of the failure of the counterparty to the investment,the Funds 'will
not be able to recover the value of their investments that are in possession of an outside party.To limit its exposure,the Funds'
investment policies require all security transactions that are exposed to custodial credit risk to be processed on a delivery versus
payment (DVP)basis with the underlying investments held by a third party acting as the Funds'agent separate from where the
investment was purchased in the Funds' name. Illinois Funds and IMET are not subject to custodial credit risk.
Custodial credit risk for deposits with financial institutions is the risk that in the event of a bank’s failure,the Funds'deposits may
not be returned to them.The Funds'investment policies do not require pledging of collateral for all bank balances in excess of
federal depository insurance, since flow-through FDIC insurance is available for the Fund’s deposits with financial institutions.
Police and Firefighters' Pension
Investment Type
- 70 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Custodial Credit Risk - Investments - Continued
Actuarial Assumptions
Actuarial valuation date
Actuarial cost method
Asset valuation method
Actuarial assumptions:
Inflation
Interest rate
Cost-of-living adjustments
The Firefighters'Pension Trust Fund had no significant investments (other than corporate bonds)in any one organization that
represented 5% or more of net position available for benefits.
The total pension liability above was determined by an actuarial valuation performed using the following actuarial methods and
assumptions.
6.75%
3.00%
Mortality rates were based on the RP-2000 Combined Healthy Mortality table with a Blue Collar Adjustment;disabled mortality
rate is based on RP-2000 Disabled Retiree Mortality table.
Market Value
Projected salary increases graded by
age
Firefighters' Pension
December 31, 2014
Entry‑age normal
Market Value
From 7.69% to 3.62%From 7.69% to 3.62%
2.50%
Police Pension
December 31, 2014
Entry‑age normal
2.50%
Concentration of Credit Risk -Illinois Compiled Statutes (ILCS)limits the Funds'investments in equities,mutual funds,and
variable annuities to 65%.Securities in any one company should not exceed 5%of the total fund.The blended asset class is
comprised of all other asset classes to allow for rebalancing the portfolio.
The Police Pension Trust Fund had no significant investments (other than U.S.Treasuries and corporate bonds)in any one
organization that represented 5%or more of net position available for benefits.The only exception to the aforementioned are
investments in FNMA (8%).
6.75%
3.00%
- 71 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Discount Rate
Current Discount
1% Decrease Rate 1% Increase
Police Pension Fund:
Discount rate 5.75%6.75%7.75%
Net pension liability $ 113,444,590 $ 89,636,697 $ 69,837,068
Firefighters’ Pension Fund:
Discount rate 5.75%6.75%7.75%
Net pension liability $ 94,105,898 $ 76,415,380 $ 61,640,923
Total Net Pension Liability $ 207,550,488 $ 166,052,077 $ 131,477,991
Changes in the Net Pension Liability
Police Pension Fund
(a)(b)(a) - (b)
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability
Balances at
January 1, 2014 183,492,025$ 90,763,143$ 92,728,882$
Changes for the period
Service cost 3,439,223 - 3,439,223
Interest 12,284,036 - 12,284,036
Difference between expected and
actual experience - - -
Changes in assumptions - - -
Employer contributions - 8,644,196 (8,644,196)
Employee contributions - 1,565,053 (1,565,053)
Net investment income - 8,675,133 (8,675,133)
Benefit payments and refunds (9,891,045) (9,891,045) -
Administrative expense - - -
Other (net transfer)- (68,938) 68,938
Net Changes 5,832,214 8,924,399 (3,092,185)
Balances at
December 31, 2014 189,324,239$ 99,687,542$ 89,636,697$
The following is a sensitivity analysis of the net pension liability to changes in the discount rate.The table below presents the
pension liability calculated using the discount rates of 6.75%and 6.75%for the Police Pension Plan and the Firefighters’Pension
Plan,respectively,as well as what the net pension liability would be if it were to be calculated using discount rates that is 1
percentage point lower or 1 percentage point higher than the current rates:
- 72 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Changes in the Net Pension Liability - Continued
Firefighters' Pension Fund
(a)(b)(a) - (b)
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability
Balances at
January 1, 2014 140,667,430$ 65,024,941$ 75,642,489$
Changes for the period
Service cost 2,326,092 - 2,326,092
Interest 9,391,253 - 9,391,253
Difference between expected and
actual experience - - -
Changes in assumptions - - -
Employer contributions - 6,527,697 (6,527,697)
Employee contributions - 919,874 (919,874)
Net investment income - 3,549,131 (3,549,131)
Benefit payments and refunds (7,727,683) (7,727,683) -
Administrative expense - - -
Other (net transfer)- (52,248) 52,248
Net Changes 3,989,662 3,216,771 772,891
BALANCES AT
DECEMBER 31, 2014 144,657,092$ 68,241,712$ 76,415,380$
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Police Pension Fund
Deferred Deferred
Outflows of Inflows of
Resources Resources
Contributions subsequent to the measurement date 8,804,263$ -$
Difference between expected and actual experience - -
Changes in assumption - -
Net difference between projected and actual earnings
on pension plan investments - 2,032,166
Total 8,804,263$ 2,032,166$
For the year ended December 31,2015,the City recognized police pension expense of $7,584,177.At December 31,2015,the City
reported deferred outlfows of resources and deferred inflows of resources related to the Fund from the following sources:
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 14.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Year Ending
December 31,
2016 8,296,221$
2017 (508,042)
2018 (508,041)
2019 (508,041)
Thereafter -
Total 6,772,097$
Firefighters' Pension Fund
Deferred Deferred
Outflows of Inflows of
Resources Resources
Contributions subsequent to the measurement date 6,385,244$ -$
Difference between expected and actual experience - -
Changes in assumption - -
Net difference between projected and actual earnings
on pension plan investments 663,068 -
Total 7,048,312$ -$
Year Ending
December 31,
2016 6,551,011$
2017 165,767
2018 165,767
2019 165,767
Thereafter -
Total 7,048,312$
Amounts reported as deferred outflows of resources and deferred inflows of resources related to the Police Pension Plan will be
recognized in pension expense as follows:
For the year ended December 31,2015,the City recognized firefighter's pension expense of $6,637,520.At December 31,2015,the
City reported deferred outlfows of resources and deferred inflows of resources related to the Fund from the following sources:
Amounts reported as deferred outflows of resources and deferred inflows of resources related to the Police Pension Plan will be
recognized in pension expense as follows:
- 74 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 15.PENSION TRUST FUNDS
Fiduciary Funds Summary Financial Information
The following is summary financial information for the Police Pension Plan and the Firefighters' Pension Plan:
A. Schedule of Net Position
Firefighters'Police
Pension Pension Total
Assets
Cash and cash equivalents 1,183,465$ 2,193,722$ 3,377,187$
Investments at fair value
U.S. Treasury obligations 2,442,937 16,774,689 19,217,626
U.S. agency obligations 2,405,787 15,651,655 18,057,442
Corporate bonds 13,410,621 9,284,635 22,695,256
Common stock 5,646,660 18,334,861 23,981,521
Equity mutual funds 41,491,173 35,951,130 77,442,303
Receivables
Accrued interest 142,583 358,580 501,163
Due from other governments 31,737 15,565 47,302
Other 2,592 - 2,592
Total Assets 66,757,555 98,564,837 165,322,392
Liabilities
Accounts payable 16,471 6,000 22,471
Total Liabilities 16,471 6,000 22,471
Net Position Held in Trust
For Pension Benefits 66,741,084$ 98,558,837$ 165,299,921$
- 75 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 15.PENSION TRUST FUNDS - Continued
Fiduciary Funds Summary Financial Information - Continued
B. Changes in Plan Net Position
Firefighters'Police
Pension Pension Total
Additions
Contributions
Employer 6,385,243$ 8,804,264$ 15,189,507$
Plan members 956,092 1,454,720 2,410,812
Miscellaneous income - 47 47
Total Contributions 7,341,335 10,259,031 17,600,366
Investment income
Net (depreciation)
in fair value of investments (788,335) (2,199,756) (2,988,091)
Interest on investments 1,206,228 2,902,399 4,108,627
Less investment expenses (134,798) (240,956) (375,754)
Total Investment Income 283,095 461,687 744,782
Total Additions 7,624,430 10,720,718 18,345,148
Deductions
Administrative 99,456 102,386 201,842
Benefits payments 8,026,250 10,403,247 18,429,497
Refunds of contributions 41,716 21,708 63,424
Total Deductions 8,167,422 10,527,341 18,694,763
Net Increase (Decrease) (542,992) 193,377 (349,615)
Net Position Held in Trust
For Pension Benefits
Januay 1 68,241,712 99,687,542 167,929,254
Prior Period Adjustment (957,636) (1,322,082) (2,279,718)
January 1, Restated 67,284,076 98,365,460 165,649,536
December 66,741,084$ 98,558,837$ 165,299,921$
- 76 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year ended December 31, 2015
NOTE 16.EVANSTON LIBRARY COMPONENT UNIT
A.Types of Accounts and Securities
Custodial Credit Risk.For a deposit,custodial credit risk is the risk that,in the event of the failure of the counterparty,
the Library will not be able to recover the value of its deposit or collateral securities that are in the possession of an
outside party.
Illinois statutes authorize the Library to invest in obligations of the U.S.Treasury,in Government Sponsored Enterprises
(GSE)such as Federal Home Loan Mortgage Corporation (FHLMC),Federal Home Loan Bank (FHLB),and Fannie
Mae (FNMA);bankers acceptances as well as commercial paper rated only in the highest tier;Repurchase agreements
of the highest grade;collateralized certificates of deposit issued by FDIC insured financial institutions,money market
mutual funds with portfolios limited to securities guaranteed by the United States Government,IMET,and Illinois
Funds.
Library investments consists of equities,ETFs,money market funds,mutual funds,corporate bonds,and U.S.
Treasuries.Investments are reported at fair value,except that non-negotiable certificate of deposits are stated at cost.The
Library has a formal investment policy adopted by its governing board to handle endowment funds.The funds will be
invested and administered by a three member committee.It is the general policy of the Library to invest its funds in a
manner which will provide the highest investment return with the maximum security while meeting the daily cash flow
demands of the Library and conforming to all state and local statutes governing the investment of public funds using
"prudent person"standard for managing the overall portfolio.It may be noted though that the Library has investments in
equities which is not permissible under the state statutes.
Interest Rate Risk is the risk that changes in interest rates will adversely affect the fair value of an investment.The
exposure to interest rate risk can be limited by structuring the portfolio to provide liquidity for cash requirements for
ongoing operations in shorter term securities.
Credit Risk is the risk that the issuer of the debt security will not pay its par value upon maturity.The Library's
investment policy has several guidelines to minimize the potential losses on individual investment by diversifying the
investment portfolio,not permitting the investment in certain high risk securities.State law limits investments in
commercial paper,corporate bonds,and mutual bonds funds to the top two ratings issued by nationally recognized
statistical rating organizations.Illinois Funds and IMET are an investment pools managed by the State of Illinois,
Office of the Treasurer,and a Board of Trustees,respectively,which allows governments within the State to pool their
funds for investment purposes.They are not registered with the SEC as an investment company,but do operate in a
manner consistent with Rule 2a7 of the Investment Company Act of 1940.The investments in the securities of the
United States Government agencies were all rated triple A or Aaa by the Standard &Poor’s and by Moody’s Investor’s
Services.The investments in Illinois Funds and IMET are valued at the fund’s share price,the price for which the
investments could be sold.
Custodial Credit Risk.For an investment,custodial credit risk is the risk that,in the event of the failure of the
counterparty,the Library will not be able to recover the value of its investment or collateral securities that are in the
possession of an outside party. Illinois Funds are not subject to custodial credit risk.
Concentration of Credit Risk is the risk that the Library has a high percentage of its investments invested in one type of
investments.Currently,the Library has diversified its investments in various types of investments.The Library
investment policy provides the high/low limits for various type of investments like equity,fixed income securities,and
cash.
- 77 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 16.EVANSTON LIBRARY COMPONENT UNIT - Continued
B.Reconciliation of Cash and Investments
Cash and equivalents 1,322,357$
Investments 3,744,525
Total per Statement of Position $ 5,066,882
Cash in bank 1,322,357$
Vanguard Money Market 531,988
Vanguard Equity Mutual Funds 3,212,537
Total Cash and Investments $ 5,066,882
C.Summary of Receivables
Receivables:
Property taxes 6,439,721$
D.Capital Assets Activity
Beginning Additions Deletions Ending
Capital assets, not being depreciated:
Land 311,380$ -$ -$ 311,380$
Capital assets, being depreciated/amortized:
Buildings and improvements 18,551,582 248,586 - 18,800,168
Office equipment and furniture 2,285,009 - - 2,285,009
Infrastructure 230,006 - - 230,006
Library collections 9,026,558 34,801 - 9,061,359
Capitalized leases 266,191 - - 266,191
Total Capital Assets being Depreciated/Amortized 30,359,346 283,387 - 30,642,733
Less accumulated depreciation/amortization for:
Buildings and improvements 7,370,782 344,563 - 7,715,345
Office equipment and furniture 2,285,009 - - 2,285,009
Infrastructure 81,781 14,180 - 95,961
Library collections 7,362,026 406,966 - 7,768,992
Capitalized leases 266,191 - - 266,191
Total Accumulated Depreciation/Amortization 17,365,789 765,709 - 18,131,498
Total Capital Assets being Depreciated/Amortized, Net 12,993,557 (482,322) - 12,511,235
Library Activities Capital Assets, Net 13,304,937$ (482,322)$ -$ 12,822,615$
- 78 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 16.EVANSTON LIBRARY COMPONENT UNIT - Continued
E Long-Term Debt
Final Balance
Interest Maturity 12/31/2014 Balance Due Within
Rate Date (Restated)Issued Payments Refunded 12/31/2015 One Year
General Obligations Debt
Series 2007 4.00%-5.00%12/1/2016 1,156,610$ -$ 146,289$ -$ 1,010,321$ 126,945$
Series 2008D 3.25%-5.00%12/1/2016 188,160 - 148,680 - 39,480 39,480
Series 2013B 2.00%-3.00%12/1/2025 780,547 - 186,967 - 593,580 156,816
2,125,317 - 481,936 - 1,643,381 323,241
OPEB liability 56,716 16,053 - - 72,769 -
Compensated absences payable - City 469,537 - 120,731 - 348,806 69,761
IMRF - net pension liability 396,791 1,149,292 - - 1,546,083 -
Total Long-Term Debt 3,048,361$ 1,165,345$ 602,667$ -$ 3,611,039$ 393,002$
Year Ending
December 31 Principal Interest
2016 323,241$ 62,454$
2017 274,011 51,944
2018 166,831 42,907
2019 106,755 36,575
2020 90,778 32,567
2021-2025 508,878 107,278
2026-2027 172,887 13,077
Total 1,643,381$ 346,802$
The following schedule illustrates the annual debt service requirements to maturity for the Library General Obligation Bonds.
- 79 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 16.EVANSTON LIBRARY COMPONENT UNIT - Continued
F.Prior Period Adjustment
Governmental Library Operating Library
Activities Fund Debt Service Fund
Fund Balances (Deficit)/Net Position,
January 1 (as Previously reported): 15,764,718$ 1,378,970$ 93,595$
Restatements:
(889,328) (793,324) (96,004)
Change in Accounting Principle (114,845) - -
Fund Balances (Deficit)/Net Position,
January 1, Restated 14,760,545$ 585,646$ (2,409)$
The Library has restated fund balances/net position as of January 1, 2015 as follows:
With the implementation of GASB Statement No.68,
the Library is required to retroactively record the net
pension liability.The Library recorded the following
changes in accounting principle during the year ended
December 31, 2015:
The Library changed its property tax revenue
recognition policy to agree with the tax levy
year to the budget year rather than 60 days
- 80 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2015
NOTE 17.Prior Period Adjustment
Nonmajor Internal Pension
Governmental Business-Type General Debt Service Governemental Enterprise Service Trust
Activities Activities Fund Fund Funds Funds Funds Funds
Fund Balances (Deficit)/Net Position,
January 1 (as Previously Reported)60,643,042$ 270,593,691$ 14,982,966$ 3,796,787$ 37,489,946$ 270,593,691$ 6,066,845$ 167,929,254$
The City recorded the following restatements:
(2,927,400) 229,315 (1,762,959) (1,753,037) (1,098,318) 229,315 - (2,279,718)
1,440,141 - - - - - 1,440,141 -
- - - - (8,586,612) - - -
Change in Accounting Principle (150,521,454) (145,013) - - - (145,013) - -
Change in Accounting Principle 15,171,893 - - - - - - -
Fund Balances (Deficit)/Net Position
January 1, Restated $ (76,193,778) $ 270,677,993 $ 13,220,007 $ 2,043,750 $ 27,805,016 $ 270,677,993 $ 7,506,986 $ 165,649,536
NOTE 18.Subsequent Event
Major Governmental Funds
With the implementation of GASB Statement
No. 68, the City is required to retroactively
record the net pension liability and write off the
net pension obligation. The City recorded the
following changes in accounting principle during
the year ended December 31, 2015:
The City has restated fund balances/net position as of January 1, 2015 as follows:
The City changed its property tax revenue
recognition to agree to the tax levy year to
budget year rather than 60 days after year
end.
On June 13, 2016, the City has approved the issuance of $14,000,000 2016A General Obligation Bons and $8,155,000 2016B General Obligation Refunding Bonds.
To record IPBC terminal reserve
With the implementation of GASB Statement
No. 71, the City is required to retroactively
record a deferred outflow of resources for
contributions subsequent to the measurement
date for the Police and Fire Pension Funds. The
City recorded the following changes in
accounting principle during the year ended
December 31, 2015:
The City changed its long-term loan
recognition to match the loan to a deferred
outflow of resources, as they are not
spendable.
- 81 -
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Funding Progress
(6)
(2)UAAL
Actuarial (4)as a
Actuarial (1)Accrued (3)Unfunded Percentage
Valuation Actuarial Liability Funded AAL (5)of Covered
Date Value of (AAL)Ratio (UAAL)Covered Payroll
December 31,Assets Entry-Age (1) / (2) (2) - (1)Payroll (4) / (5)
2010 -$ 12,259,348$ 0.00%12,259,348$ 51,896,579$ 23.62%
2011*- 16,994,544 0.00%16,994,544 48,101,372 35.33%
2012 - 17,294,689 0.00%17,294,689 49,784,920 34.74%
2013 - 16,018,745 0.00%16,018,745 47,024,745 34.06%
2014 - 15,789,873 0.00%15,789,873 53,652,399 29.43%
2015 - 16,003,826 0.00%16,003,826 55,530,233 28.82%
* The City changed to a December 31 year end for the fiscal year ended December 31, 2011.
Schedule of Employer Contributions
Annual
Required
Fiscal Employer Contribution Percentage
Year Contributions (ARC)Contributed
2010 650,196$ 1,041,981$ 62.40%
2011*804,013 939,268 85.60%
2012 872,419 1,128,615 77.30%
2013 919,845 1,101,611 83.50%
2014 925,407 1,102,988 83.90%
2015 1,004,111 1,104,196 90.94%
* The City changed to a December 31 year end for the fiscal year ended December 31, 2011.
December 31, 2015
CITY OF EVANSTON, ILLINOIS
Required Supplementary Information
Other Postemployment Benefits
(See independent auditor's report.)
- 82 -
2015*
Actuarially determined contribution 3,977,718$
Contributions in relation to the actuarially
determined contribution 4,018,268
CONTRIBUTION DEFICIENCY (Excess)(40,550)$
Percentage contributed 101.0%
Covered-employee payroll 37,703,487$
Contributions as a percentage of
covered-employee payroll 10.7%
* Schedule to be built prospectively from 2015.
Notes to Required Supplementary Information
CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Illinois Municipal Retirement Fund
December 31, 2015
The information directly above is formatted to comply with the requirements of GASB Statement No.
68.
(See independent auditor's report.)
- 83 -
2015*
Actuarially determined contribution 8,257,475$
Contributions in relation to the actuarially
determined contribution 8,746,427
CONTRIBUTION DEFICIENCY (Excess)(488,952)$
Percentage contributed 105.9%
Covered-employee payroll 13,537,726$
Contributions as a percentage of
covered-employee payroll 64.6%
* Schedule to be built prospectively from 2014.
Notes to Required Supplementary Information
Actuarial valuation date December 31, 2014
Actuarial cost method Entry-age normal
Amortization method Level percentage of pay, closed
Amortization period 18 years
Asset valuation method Market
Investment rate of return, net of investment expenses 7.00% annually
Projected salary increases 5.25% annually
Postretirement benefit increases
Tier 1 3.00% compounded annually
Tier 2 2.00% per year not compounded
CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Police Pension Fund
December 31, 2015
(See independent auditor's report.)
- 84 -
2015*
Actuarially determined contribution 5,903,483$
Contributions in relation to the actuarially
determined contribution 6,385,244
CONTRIBUTION DEFICIENCY (Excess)(481,761)$
Percentage contributed 108.2%
Covered-employee payroll 9,520,925$
Contributions as a percentage of
covered-employee payroll 67.1%
* Schedule to be built prospectively from 2014.
Notes to Required Supplementary Information
Actuarial valuation date December 31, 2014
Actuarial cost method Entry-age normal
Amortization method Level percentage of pay, closed
Amortization period 18 years
Asset valuation method Market
Investment rate of return, net of investment expenses 7.00% annually
Projected salary increases 5.25% annually
Postretirement benefit increases
Tier 1 3.00% compounded annually
Tier 2 2.00% per year not compounded
CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Firefighters' Pension Fund
December 31, 2015
(See independent auditor's report.)
- 85 -
2015
Total Pension Liability
Service cost 3,910,996$
Interest 16,235,086
Changes of benefit terms -
Differences between expected and actual experience 1,465,442
Changes of assumptions 266,906
Benefit payments, including refunds of member contributions (11,928,345)
Net Change in Total Pension Liability 9,950,085
Total pension liability - Beginning 220,476,485
Total Pension Liability - Ending 230,426,570$
Plan Fiduciary Net Position
Contributions - employer 4,018,268$
Contributions - member 1,767,523
Net investment income 1,062,353
Benefit payments, including refunds of member contributions (11,928,345)
Administrative expense 737,427
Net Change in Plan Fiduciary Net Position (4,342,774)
Plan Fiduciary Net Position - Beginning 215,541,904
Plan Fiduciary Net Position - Ending 211,199,130$
Employer's Net Pension Liability 19,227,440$
Plan fiduciary net position as a percentage of the total pension liability 91.66%
Covered-employee payroll 37,703,487$
Employer's net pension liability as a percentage of covered-employee payroll 51.00%
CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
Illinois Municipal Retirement Fund
December 31, 2015
(See independent auditor's report.)
- 86 -
2015
Total Pension Liability
Service cost 3,439,223$
Interest 12,284,036
Changes of benefit terms -
Differences between expected and actual experience -
Changes of assumptions -
Benefit payments, including refunds of member contributions (9,891,045)
Net Change in Total Pension Liability 5,832,214
Total pension liability - Beginning 183,492,025
Total Pension Liability - Ending 189,324,239$
Plan Fiduciary Net Position
Contributions - employer 8,644,196$
Contributions - member 1,565,053
Net investment income 8,675,133
Benefit payments, including refunds of member contributions (9,891,045)
Administrative expense (68,938)
Net Change in Plan Fiduciary Net Position 8,924,399
Plan Fiduciary Net Position - Beginning 90,763,143
Plan Fiduciary Net Position - Ending 99,687,542$
Employer's Net Pension Liability 89,636,697$
Plan fiduciary net position as a percentage of the total pension liability 52.65%
Covered-employee payroll 13,537,726$
Employer's net pension liability as a percentage of covered-employee payroll 662.13%
CITY OF EVANSTON, ILLINOIS
Police Pension Fund
December 31, 2015
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
(See independent auditor's report.)
- 87 -
2015
Total Pension Liability
Service cost 2,326,092$
Interest 9,391,253
Changes of benefit terms -
Differences between expected and actual experience -
Changes of assumptions -
Benefit payments, including refunds of member contributions (7,727,683)
Net Change in Total Pension Liability 3,989,662
Total pension liability - Beginning 140,667,430
Total Pension Liability - Ending 144,657,092$
Plan Fiduciary Net Position
Contributions - employer 6,527,697
Contributions - member 919,874
Net investment income 3,549,131
Benefit payments, including refunds of member contributions (7,727,683)
Administrative expense (52,248)
Net Change in Plan Fiduciary Net Position 3,216,771
Plan Fiduciary Net Position - Beginning 65,024,941
Plan Fiduciary Net Position - Ending 68,241,712$
Employer's Net Pension Liability 76,415,380$
Plan fiduciary net position as a percentage of the total pension liability 47.17%
Covered-employee payroll 9,520,925$
Employer's net pension liability as a percentage of covered-employee payroll 802.60%
CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
Firefighters' Pension Fund
December 31, 2015
(See independent auditor's report.)
- 88 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original Final
Budget Budget Actual Variance
Revenues
Taxes 38,364,300$ 37,601,418$ 52,628,569$ 14,264,269$
Licenses and permits 13,461,859 13,461,859 12,184,303 (1,277,556)
Intergovernmental 18,515,427 18,515,427 18,998,689 483,262
Charges for services 7,988,251 7,988,251 8,224,155 235,904
Fines 4,463,774 4,463,774 3,554,188 (909,586)
Investment income 50,000 50,000 6,573 (43,427)
Miscellaneous 1,278,343 1,278,343 950,964 (327,379)
Total Revenues 84,121,954 83,359,072 96,547,441 12,425,487
Expenditures
General management and support 12,500,681 12,500,681 11,753,081 (747,600)
Public safety 42,129,266 42,129,266 58,461,316 16,332,050
Public works 16,767,153 16,767,153 16,866,953 99,800
Health and human services development 4,287,811 4,287,811 3,140,999 (1,146,812)
Recreation and cultural opportunities 10,735,900 10,735,900 11,079,855 343,955
Housing and economic development 2,374,528 2,374,528 2,359,753 (14,775)
Total Expenditures 88,795,339 88,795,339 103,661,957 14,866,618
Excess (Deficiency) of Revenues
Over Expenditures (4,673,385) (5,436,267) (7,114,516) (2,441,131)
Other Financing Sources (Uses)
Sale of assets 70,000 70,000 - (70,000)
Transfers in 8,823,695 8,826,403 7,769,334 (1,054,361)
Transfers (out)(3,325,128) (3,325,128) (3,169,989) 155,139
Total Other Financing Sources (Uses)5,568,567 5,571,275 4,599,345 (969,222)
Net Change in Fund Balance 895,182$ 135,008$ (2,515,171) (3,410,353)$
Fund Balances
Beginning of Year 14,982,966
Prior period adjustments (1,762,959)
Beginning of Year, (Restated)13,220,007
End of Year 10,704,836$
(See independent auditor's report.)
- 89 -
2015
Annual money-weighted rate of return,9.54%
net of investment expense
CITY OF EVANSTON, ILLINOIS
Police Pension Fund
Schedule of Investment Returns
December 31, 2015
(See independent auditor's report.)
- 90 -
2015
Annual money-weighted rate of return,5.47%
net of investment expense
CITY OF EVANSTON, ILLINOIS
Firefighters' Pension Fund
Schedule of Investment Returns
December 31, 2015
(See independent auditor's report.)
- 91 -
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES
MAJOR GOVERNMENTAL FUNDS
General Fund - to account for all financial resources of the City except those accounted for in
another fund.
General Obligation Debt Fund - to account for non-abated, general obligation payments on the
principal and interest related to bonds and/or other City debt.
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year ended December 31, 2015
Variance with
Final Budget
Original Final Over
Budget Budget Actual (Under)
Revenues
Taxes
Property
Current year levy 12,150,000$ 11,387,118$ 25,563,551$ 13,413,551$
Prior year levy 250,000 250,000 352,419 102,419
Total Property Taxes 12,400,000 11,637,118 25,915,970 13,515,970
Personal Property Replacement Tax 646,300 646,300 1,312,384 666,084
Other Taxes
State use tax 1,260,000 1,260,000 1,656,710 396,710
Sales tax - home rule 6,180,000 6,180,000 6,102,128 (77,872)
Auto rental tax 43,000 43,000 48,733 5,733
Athletic contest tax 900,000 900,000 858,155 (41,845)
Utility tax 8,170,000 8,170,000 7,081,575 (1,088,425)
Cigarette tax 300,000 300,000 225,000 (75,000)
Evanston motor fuel tax 640,000 640,000 795,586 155,586
Liquor tax 2,450,000 2,450,000 2,531,974 81,974
Parking tax 2,500,000 2,500,000 2,614,820 114,820
Real estate transfer tax 2,875,000 2,875,000 3,485,534 610,534
Total Other Taxes 25,318,000 25,318,000 25,400,215 82,215
Total Taxes 38,364,300 37,601,418 52,628,569 14,264,269
Licenses and Permits
Vehicle licenses 2,850,000 2,850,000 2,634,172 (215,828)
Business licenses 50,000 50,000 104,221 54,221
Bed and breakfast licenses 75 75 - (75)
Collection box license 2,500 2,500 3,026 526
Pet licenses 18,000 18,000 22,318 4,318
Contractor licenses 77,302 77,302 106,818 29,516
Rooming house licenses 200,000 200,000 244,468 44,468
Liquor licenses 400,000 400,000 564,687 164,687
One-day liquor licenses 7,000 7,000 13,023 6,023
Farmer's market licenses 41,500 41,500 41,700 200
Rental building register 75,000 75,000 78,668 3,668
Other licenses 20,000 20,000 222 (19,778)
Long-term care license 98,400 98,400 130,539 32,139
Seasonal foot ESTB 7,500 7,500 14,592 7,092
Mobile food vehicle license 1,000 1,000 - (1,000)
Hen coop license 800 800 829 29
Resident care home license 600 600 760 160
Building permits 6,700,000 6,700,000 4,682,618 (2,017,382)
Plumbing permits 135,000 135,000 177,854 42,854
Electrical permits 140,000 140,000 229,371 89,371
Signs and awnings 8,330 8,330 10,461 2,131
Other/miscellaneous permits 250,920 250,920 415,484 164,564
Elevator permits 32,000 32,000 40,137 8,137
Heating vent/AC permits 287,532 287,532 426,403 138,871
Right of way permits 350,000 350,000 462,469 112,469
(This schedule is continued on the following pages.)
- 92 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year ended December 31, 2015
Variance with
Final Budget
Original Final Over
Budget Budget Actual (Under)
Revenues - Continued
Licenses and Permits - Continued
Property cleaning permit -$ -$ 4,285$ 4,285$
Residents parking permit 128,000 128,000 114,296 (13,704)
Visitor parking permit 12,300 12,300 15,319 3,019
Fire suppression/alarm permit 90,000 90,000 130,435 40,435
Annual sign fees 25,000 25,000 25,366 366
Moving van permit 50,000 50,000 (200) (50,200)
Plat PR. and Sign approval HRG fees 2,100 2,100 2,130 30
Alarm panel franchise fee 6,000 6,000 4,410 (1,590)
Northwester/Centel easement - - 47,000 47,000
Cable franchise fee 1,200,000 1,200,000 1,267,128 67,128
PEG Fees - Comcast 130,000 130,000 109,507 (20,493)
Nicor franchise fee 65,000 65,000 59,787 (5,213)
Total Licenses and Permits 13,461,859 13,461,859 12,184,303 (1,277,556)
Intergovernmental - Revenue from Other Agencies
Retailer and service occupation tax 10,225,000 10,225,000 9,999,482 (225,518)
State income tax 7,500,000 7,500,000 8,266,906 766,906
State highway maintenance 68,000 68,000 61,757 (6,243)
Health Department Basic Service Grant 76,000 76,000 - (76,000)
Summer food inspections 400 400 300 (100)
Illinois tobacco free community 31,027 31,027 24,621 (6,406)
IL HIV Surveillance Grant 4,000 4,000 6,482 2,482
Childhood Lead Poisoning Grant 1,000 1,000 1,870 870
Other State/County Grant 11,000 11,000 146,725 135,725
Tanning parlor inspection 300 300 - (300)
Fire Department training 6,000 6,000 8,197 2,197
CRI Grant 44,000 44,000 40,647 (3,353)
PEHP Grant 62,000 62,000 60,684 (1,316)
Leadbase Paint Control Grant 100,000 100,000 20,260 (79,740)
Federal Grant/Aid 8,000 8,000 59,938 51,938
Commission on Aging Grant - Advocate 87,150 87,150 110,066 22,916
IL Vacant Property Grant 71,000 71,000 - (71,000)
Civil Devence Grants (F.E.M.A.)17,000 17,000 - (17,000)
Police training 8,000 8,000 - (8,000)
HUD Emergency Shelter Grant 135,550 135,550 171,363 35,813
Youth Organization Umbrella Grant 40,000 40,000 19,391 (20,609)
RTA Grant 20,000 20,000 - (20,000)
Total Intergovernmental - Revenue from Other Agencies 18,515,427 18,515,427 18,998,689 483,262
Charges for Services
Recreation
Recreation - program 5,367,751 5,367,751 5,414,190 46,439
Recreation - charges - - 20,696 20,696
Recreation - deferral - - (28,502) (28,502)
Recreation - unreconciled 25,000 25,000 24,043 (957)
Total Recreation Revenue 5,392,751 5,392,751 5,430,427 37,676
(This schedule is continued on the following pages.)
- 93 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year ended December 31, 2015
Variance with
Final Budget
Original Final Over
Budget Budget Actual (Under)
Revenues - Continued
Charges for Services - Continued
Other Charges for Services
Birth and death records -$ -$ 5,299$ 5,299$
Health Clinic Fees - food establishment 185,000 185,000 328,424 143,424
Temporary license fee 7,500 7,500 8,466 966
Food delivery vehicle 5,500 5,500 5,283 (217)
Beverage snack vending machine 28,000 28,000 34,751 6,751
Tobacco license 19,000 19,000 25,949 6,949
Beekeeper license - - 73 73
Birth certificate 56,000 56,000 110,283 54,283
Death certificate 56,000 56,000 31,688 (24,312)
Funeral director license 6,000 6,000 13,490 7,490
Temp funeral director licenses 4,200 4,200 5,555 1,355
Parking meter fee increase 640,000 640,000 640,000 -
Weights and exact measures examinations 1,200 1,200 155 (1,045)
Senior Taxi coupon sales 108,000 108,000 73,175 (34,825)
Fire cost recovery charge 10,000 10,000 2,640 (7,360)
Other services charges - - 1,070 1,070
Historic preservation 7,200 7,200 9,338 2,138
Tree preservation revenue 3,500 3,500 6,950 3,450
Ambulance service 1,200,000 1,200,000 1,176,678 (23,322)
Towing charges 1,000 1,000 - (1,000)
Police report fees 20,000 20,000 26,275 6,275
Wood recycling 40,000 40,000 28,010 (11,990)
Zoning fees 45,000 45,000 87,625 42,625
Fire building inspections - - 370 370
Fire report fee 8,000 8,000 10,755 2,755
Alarm panel subscription fees 111,000 111,000 130,513 19,513
Skokie animal board fee 8,000 8,000 - (8,000)
Background check daycare providers 400 400 449 49
New pavement degradation 10,000 10,000 25,126 15,126
I Heart Evanston Trees project 10,000 10,000 (2,233) (12,233)
Plan review 5,000 5,000 7,571 2,571
Total Other Service Charges 2,595,500 2,595,500 2,793,728 198,228
Total Charges for Services 7,988,251 7,988,251 8,224,155 235,904
Fines
Ticket fines - parking 3,250,000 3,250,000 2,530,347 (719,653)
Regular fines 298,449 298,449 115,164 (183,285)
Animal ordinance penalties - - 7,884 7,884
Boot release fee 45,000 45,000 44,303 (697)
Fire false alarm fines 140,000 140,000 64,102 (75,898)
Police CTA detail 400,000 400,000 418,107 18,107
Police false alarm fines - - 38,615 38,615
(This schedule is continued on the following page.)
- 94 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year ended December 31, 2015
Variance with
Final Budget
Original Final Over
Budget Budget Actual (Under)
Revenues - Continued
Fines - Continued
Police equipment fines -$ -$ 5,956$ 5,956$
Housing code violation fines 60,000 60,000 70,646 10,646
Permit penalty fees 7,500 7,500 18,019 10,519
Administrative adjudication fee 262,825 262,825 241,045 (21,780)
Total Fines 4,463,774 4,463,774 3,554,188 (909,586)
Investment income 50,000 50,000 6,573 (43,427)
Other Revenues
Women Out Walking 5,000 5,000 3,531 (1,469)
Property sales and rentals 51,543 51,543 90,406 38,863
Donation 32,000 32,000 20,096 (11,904)
Berglund Animal Hospital parking - - 2,400 2,400
Damage to City Signage 2,000 2,000 - (2,000)
Damage to City Traffic Signal 20,000 20,000 - (20,000)
Damage to street lights 10,000 10,000 - (10,000)
Miscellaneous revenue 153,300 153,300 542,628 389,328
Taxicab revenue - - 2,900 2,900
Teen Baby Nursery program 41,000 41,000 - (41,000)
Market Link vouchers 16,500 16,500 33,803 17,303
Sale of Surplus Prop - - 1,486 1,486
Reimbursements - Serve and Protect 2,000 2,000 19,241 17,241
Reimbursements - Sale Use 75,000 75,000 65,204 (9,796)
Reimbursements - Fire Department 25,000 25,000 43,229 18,229
Payment in lieu of taxes 267,000 267,000 61,500 (205,500)
Fund balance applied 516,000 516,000 - (516,000)
Private Elm Trees Insurance 41,000 41,000 38,734 (2,266)
Citizens CPR Class fees 6,000 6,000 8,643 2,643
Parking permits - Ryan Field 15,000 15,000 17,120 2,120
JDE Water interface - - 43 43
Total Other Revenues 1,278,343 1,278,343 950,964 (327,379)
Total Revenues 84,121,954$ 83,359,072$ 96,547,441$ 12,425,487$
(See independent auditor's report.)
- 95 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original Final
Budget Budget Actual Variance
Expenditures
General Management and Support
City Coucil 424,917$ 424,917$ 417,835$ (7,082)$
City Manager and Budget Management 1,871,492 1,871,492 1,782,836 (88,656)
City Clerk 246,214 246,214 279,999 33,785
Law Department 1,111,997 1,111,997 1,033,788 (78,209)
Administrative Services 8,846,061 8,846,061 8,238,623 (607,438)
Total General Management and Support 12,500,681 12,500,681 11,753,081 (747,600)
Public Safety
Police 27,672,025 27,672,025 37,135,417 9,463,392
Fire 14,457,241 14,457,241 21,325,899 6,868,658
Total Public Safety 42,129,266 42,129,266 58,461,316 16,332,050
Public Works
Public Works Director 507,745 507,745 545,330 37,585
Municipal Services Director 386,432 386,432 381,488 (4,944)
City Engineer 1,646,907 1,646,907 1,430,307 (216,600)
Traffic Engineer 5,774,065 5,774,065 5,662,199 (111,866)
Streets 8,452,004 8,452,004 8,843,853 391,849
Sanitation - - 3,776 3,776
Total Public Works 16,767,153 16,767,153 16,866,953 99,800
Health and Human Services Development
Health and Human Services Director 328,009 328,009 331,074 3,065
Health Department 1,726,708 1,726,708 1,635,581 (91,127)
Mental Health and Community Purchased Services 1,373,941 1,373,941 1,136,261 (237,680)
Human Relations 859,153 859,153 38,083 (821,070)
Total Health and Human Services Development 4,287,811 4,287,811 3,140,999 (1,146,812)
Recreation and Cultural Opportunities
Recreation 9,660,286 9,660,286 9,927,769 267,483
Ecology Center 462,887 462,887 486,328 23,441
Cultural Arts 612,727 612,727 665,758 53,031
Total Recreation and Cultural Opportunities 10,735,900 10,735,900 11,079,855 343,955
Housing and Economic Development
Community Development Administration 337,304 337,304 350,864 13,560
Planning and Zoning 635,106 635,106 622,508 (12,598)
Housing Rehabilitation and Property Standards - - 8,784 8,784
Building Code Compliance 1,402,118 1,402,118 1,377,597 (24,521)
Total Housing and Economic Development 2,374,528 2,374,528 2,359,753 (14,775)
Total Expenditures 88,795,339$ 88,795,339$ 103,661,957$ 14,866,618$
(See independent auditor's report.)
- 96 -
CITY OF EVANSTON, ILLINOIS
General Obligation Debt Fund
Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual
Taxes
Property taxes
Current year levy, net 10,879,993$ 10,989,093$
Prior year levy, net - 167,138
Investment income 1,500 7,668
Total Revenues 10,881,493 11,163,899
General management and support 193,285 158,835
Debt Service
Principal 9,303,118 20,033,118
Interest 4,320,711 4,324,904
Fiscal agent fees 101,000 15,803
Total Expenditures 13,918,114 24,532,660
Excess (Deficiency) of Revenues
Over Expenditures (3,036,621) (13,368,761)
Issuance of bonds - 11,075,000
Premium on bond issuances - 362,986
Transfers in (out)2,743,836 2,483,141
Total Other Financing Sources (Uses)2,743,836 13,921,127
Net Changes in Fund Balances (292,785)$ 552,366
Fund Balances
Beginning of Year 3,796,787
Prior period adjustment (1,753,037)
Beginning of Year, Restated 2,043,750
End of Year 2,596,116$
Revenues
Expenditures
Other Financing Sources (Uses)
(See independent auditor's report.)
- 97 -
NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
Special Revenue Funds are used to account for specific revenues that are legally restricted to expenditures
for a particular purpose.
Motor Fuel Tax - to account for the operation of street maintenance programs and capital projects as
authorized by the Illinois Department of Transportation. Financing is provided by the City’s share of
gasoline taxes.
Economic Development - to account for the cost associated with economic development activities of the
City. Financing is provided primarily by Hotel Tax revenues.
Emergency Telephone System - to account for revenues and expenditures for 911 emergency telephone
service. Financing provided by network connection surcharges.
Neighborhood Improvement - to account for a portion of the sales tax revenues derived from retail sales
of the Home Depot U.S.A. Inc. store in Evanston. Sales tax revenues allocated to this fund are to be
expended on public projects that will benefit the immediate neighborhood of the store.
Affordable Housing - to account for costs associated with housing-related programs of the City.
HOME - to account for the activity of the HOME program. Financing is provided by the federal
government. Expenditures are made in accordance with the requirements of federal law.
Community Development Block Grant - to account for revenues and expenditures of the community
block grant program. Financing is provided by the federal government on a reimbursement basis in
accordance with federal formula. Expenditures are made in accordance with the requirements of federal
law.
Community Development Loan - to account for residential rehabilitation loans to residents.
Neighborhood Stabilization Program 2 - funded by the American Recovery and Reinvestment Act of
2009 to stabilize neighborhoods that have been negatively impacted by high numbers of foreclosed and
vacant homes.
Special Service District No. 4 - to account for promotion, advertisement, and street maintenance costs of
the area located in the City’s central business district. Financing is provided by the City through an annual
property tax levy.
General Assistance - to account for the assistance given to persons and/or families to meet their basic
living expenses.
Capital Projects Funds
Capital Improvement - To account for capital projects not funded through special revenue, tax increment
financing, or enterprise funds. Capital projects include, but are not limited to: long term improvements to
public buildings, the paving of city streets, and the improvement and development of recreation facilities.
Financing is provided primarily by grants and general obligation bond proceeds.
Special Assessment - To account for capital improvements (primarily alley paving) financed by both
special assessments on property owners and City contributions.
Debt Service Funds
Debt Service funds are used to account for the servicing of general long-term debt.
Special Service Area No. 5 - To account for principal and interest payments on debt issued for this special
taxing district.
Southwest TIF - To account for principal and interest payments on debt proceeds issued and allocated to
this tax increment financing district.
Howard-Hartrey TIF - To account for principal and interest payments on debt proceeds issued and
allocated to this tax increment financing district.
Washington National TIF - To account for principal and interest payments on debt proceeds issued and
allocated to this tax increment financing district.
Howard/Ridge TIF- To account for principal and interest payments on debt proceeds issued and allocated
to this tax increment financing district.
West Evanston TIF - To account for principal and interest payments on debt proceeds issued and
allocated to this tax increment financing district.
Dempster-Dodge TIF - To account for principal and interest payments on debt proceeds issued and
allocated to this tax increment financing district.
Chicago-Main TIF - To account for principal and interest payments on debt proceeds issued and allocated
to this tax increment financing district.
CITY OF EVANSTON, ILLINOIS
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2015
Emergency
Motor Fuel Economic Telephone Neighborhood Affordable
Tax Development System Improvement Housing
Cash and equivalents 1,745,296$ 2,099,511$ 392,583$ 169,915$ 978,743$
Receivables
Property tax - - - - -
Notes - 126,602 - - 1,636,031
Special assessments - - - - -
Other - 461,289 174,715 - 36,721
Due from other governments 168,107 - - - -
Due from other funds - - - - -
Total Assets 1,913,403$ 2,687,402$ 567,298$ 169,915$ 2,651,495$
Liabilities
Vouchers payable 83,010$ 4,818$ 15,580$ -$ 21,584$
Due to other governments - - - - -
Due to other funds - - - - -
Unearned revenue - - - - -
Total Liabilities 83,010 4,818 15,580 - 21,584
Deferred Inflows of Resources
Long-term notes receivable - 126,602 - - 1,636,031
Unavailable revenue - property taxes - - - - -
Total Deferred Inflows of Resources - 126,602 - - 1,636,031
Total Liabilities and Deferred Inflows of Resources 83,010 131,420 15,580 - 1,657,615
Fund Balances
Restricted for
Highway Maintenance 1,830,393 - - - -
Emergency Telephone System - - 551,718 - -
HUD Approved Projects - - - - -
Neighborhood Improvements - - - 169,915 993,880
Debt Service - - - - -
Township - - - - -
Committed - 2,555,982 - - -
Assigned - - - - -
Unassigned (deficit)- - - - -
Total Fund Balances (Deficit)1,830,393 2,555,982 551,718 169,915 993,880
Total Liabilities, Deferred Inflows of Resources,
and Fund Balances 1,913,403$ 2,687,402$ 567,298$ 169,915$ 2,651,495$
Assets
Special Revenue
- 98 -
Special
Community Community Neighborhood Service Total
Development Development Stabilization District General Special
HOME Block Grant Loan Program 2 No. 4 Assistance Revenue
4,500$ 10,218$ 243,748$ 214,397$ -$ 521,542$ 6,380,453$
- - - - 314,374 800,000 1,114,374
4,678,445 196,352 1,925,242 - - - 8,562,672
- - - - - - -
- - - - - - 672,725
12,866 101,394 - - - - 282,367
- - - - - - -
4,695,811$ 307,964$ 2,168,990$ 214,397$ 314,374$ 1,321,542$ 17,012,591$
12,482$ 29,871$ 85,383$ -$ -$ 3,934$ 256,662$
- - - 213,634 - - 213,634
114 21,859 - 763 190,544 4,369 217,649
- - - - - - -
12,596 51,730 85,383 214,397 190,544 8,303 687,945
4,678,445 196,352 1,925,242 - - - 8,562,672
- - - - 314,374 800,000 1,114,374
4,678,445 196,352 1,925,242 - 314,374 800,000 9,677,046
4,691,041 248,082 2,010,625 214,397 504,918 808,303 10,364,991
- - - - - - 1,830,393
- - - - - - 551,718
4,770 59,882 158,365 - - - 223,017
- - - - - - 1,163,795
- - - - - - -
- - - - - 513,239 513,239
- - - - - - 2,555,982
- - - - - - -
- - - - (190,544) - (190,544)
4,770 59,882 158,365 - (190,544) 513,239 6,647,600
4,695,811$ 307,964$ 2,168,990$ 214,397$ 314,374$ 1,321,542$ 17,012,591$
Special Revnue
(This schedule is continued on the following pages.)
- 99 -
CITY OF EVANSTON, ILLINOIS
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2015
Special Chicago Main Southwest Howard Hartrey
Service Tax Tax Tax
District Increment Increment Increment
No. 5 District District District
Cash and equivalents 525,429$ 602,070$ -$ 1,296,398$
Receivables
Property tax - - - -
Notes - - - -
Special assessments - - - -
Other - - - -
Due from other governments - - - -
Due from other funds - - - -
Total Assets 525,429$ 602,070$ -$ 1,296,398$
Liabilities
Vouchers payable -$ 290,000$ -$ 2,949$
Due to other governments - - - -
Due to other funds - - - 12,334
Unearned revenue - - - -
Total Liabilities - 290,000 - 15,283
Deferred Inflows of Resources
Long-term notes receivable - - - -
Unavailable revenue - property taxes - - - -
Total Deferred Inflows of Resources - - - -
Total Liabilities and Deferred Inflows of Resources - 290,000 - 15,283
Fund Balances
Restricted for
Highway Maintenance - - - -
Emergency Telephone System - - - -
HUD Approved Projects - - - -
Neighborhood Improvements - - - -
Debt Service 525,429 312,070 - 1,281,115
Township - - - -
Committed - - - -
Assigned - - - -
Unassigned (deficit)- - - -
Total Fund Balances (Deficit)525,429 312,070 - 1,281,115
Total Liabilities, Deferred Inflows of Resources,
and Fund Balances 525,429$ 602,070$ -$ 1,296,398$
Assets
Debt Service
- 100 -
Washington National Dempster Dodge Howard Ridge West Evanston Special Total
Tax Tax Tax Tax Total Assessment Total Nonmajor
Increment Increment Increment Increment Debt Capital Capital Capital Governmental
District District District District Service Improvements Projects Projects Funds
6,747,788$ -$ 150,248$ 447,351$ 9,769,284$ 8,019,809$ 2,674,718$ 10,694,527$ 26,844,264$
- - - - - - - - 1,114,374
- - - - - - - - 8,562,672
- - - - - - 303,578 303,578 303,578
- - - - - 136,730 7,155 143,885 816,610
- - - - - - - - 282,367
- - - - - - 908 908 908
6,747,788$ -$ 150,248$ 447,351$ 9,769,284$ 8,156,539$ 2,986,359$ 11,142,898$ 37,924,773$
33,250$ -$ 16,508$ 88$ 342,795$ 2,303,491$ -$ 2,303,491$ 2,902,948$
- - - - - - - - 213,634
272,108 - 162,361 5,000 451,803 336,007 - 336,007 1,005,459
- - - - - - 303,578 303,578 303,578
305,358 - 178,869 5,088 794,598 2,639,498 303,578 2,943,076 4,425,619
- - - - - - - - 8,562,672
- - - - - - - - 1,114,374
- - - - - - - - 9,677,046
305,358 - 178,869 5,088 794,598 2,639,498 303,578 2,943,076 14,102,665
- - - - - - - - 1,830,393
- - - - - - - - 551,718
- - - - - - - - 223,017
- - - - - - 2,682,781 2,682,781 3,846,576
6,442,430 - 2,270 442,263 9,005,577 - - - 9,005,577
- - - - - - - - 513,239
- - - - - - - - 2,555,982
- - - - - 5,517,041 - 5,517,041 5,517,041
- - (30,891) - (30,891) - - - (221,435)
6,442,430 - (28,621) 442,263 8,974,686 5,517,041 2,682,781 8,199,822 23,822,108
6,747,788$ -$ 150,248$ 447,351$ 9,769,284$ 8,156,539$ 2,986,359$ 11,142,898$ 37,924,773$
Capital ProjectsDebt Service
(See independent auditor's report.)
- 101 -
CITY OF EVANSTON, ILLINOIS
Combining Statement of Revenues, Expeditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Fiscal Year Ended December 31, 2015
Emergency Community
Motor Fuel Economic Telephone Neighborhood Affordable Development
Tax Development System Improvement Housing HOME Block Grant
Revenues
Taxes -$ 2,116,843$ 977,071$ -$ 100,000$ -$ -$
Special assessments - - - - - - -
Intergovernmental 2,465,781 - - - - 465,961 1,502,924
Charges for services - - - - - - -
Investment income 819 129 190 - 111 19 -
Miscellaneous
Contributions - - - - 125,000 - -
Other - 1,500 100 - 150 6,402 3,318
Total Revenues 2,466,600 2,118,472 977,361 - 225,261 472,382 1,506,242
Expenditures
Current
General management and support - - - - - - -
Public safety - - 1,192,229 - - - -
Public works 1,583,238 - - - - - -
Recreation and cultural opportunities - - - - - - -
Housing and economic development - 2,535,678 - - 214,851 490,440 993,131
Capital outlay - - - - - - -
Debt service
Principal - - - - - - -
Interest - - - - - - -
Fiscal agent fees - - - - - - -
Total expenditures 1,583,238 2,535,678 1,192,229 - 214,851 490,440 993,131
Excess (Deficiency) of Revnues
Over Expenditures 883,362 (417,206) (214,868) - 10,410 (18,058) 513,111
Other Financing Sources (Uses)
Issuance of bonds - - - - - - -
Issuance of loans
Premium (discount) on bonds issued - - - - - - -
Transfers in - 47,500 - - - - -
Transfers (out)(833,000) (614,782) (141,767) - - (26,990) (453,229)
Total Other Financing Sources (Uses)(833,000) (567,282) (141,767) - - (26,990) (453,229)
Net Change in Fund Balances 50,362 (984,488) (356,635) - 10,410 (45,048) 59,882
Fund Balances (Deficit), January 1 1,780,031 3,540,470 908,353 169,915 2,546,920 4,580,079 184,902
Prior Period Adjustment - - - - (1,563,450) (4,530,261) (184,902)
Fund Balances (Deficit), January 1, Restated 1,780,031 3,540,470 908,353 169,915 983,470 49,818 -
Fund Balances (Deficit), December 31 1,830,393$ 2,555,982$ 551,718$ 169,915$ 993,880$ 4,770$ 59,882$
Special Revenue Debt Service
- 102 -
Special Chicago Main Southwest
Community Neighborhood Special Service Total Service Tax Tax
Development Stabilization District General Special District Increment Increment
Loan Program 2 No. 4 Assistance Revenue No. 5 District District
-$ -$ 322,055$ 1,313,420$ 4,829,389$ 422,526$ -$ -$
- - - - - - - -
- 130,126 - - 4,564,792 - - -
- - - - - - - -
375 - 4 61 1,708 5 - -
- - - - 125,000 - - -
397,708 - - 22,742 431,920 - - -
398,083 130,126 322,059 1,336,223 9,952,809 422,531 - -
- - - 782,701 782,701 - - -
- - - - 1,192,229 - - -
- - - - 1,583,238 - - -
- - - - - - - -
282,380 134,148 323,000 - 4,973,628 - 580,000 893,387
- - - - - - - -
- - - - - 255,000 - -
- - - - - 42,150 7,930 -
- - - - - - - -
282,380 134,148 323,000 782,701 8,531,796 297,150 587,930 893,387
115,703 (4,022) (941) 553,522 1,421,013 125,381 (587,930) (893,387)
- - - - - - - -
- 900,000 -
- - - - - - - -
- 8,213 - - 55,713 - - -
- (4,191) - - (2,073,959) - - -
- 4,022 - - (2,018,246) - 900,000 -
115,703 - (941) 553,522 (597,233) 125,381 312,070 (893,387)
2,350,661 - (153,365) 183,099 16,091,065 464,046 - 893,665
(2,307,999) - (36,238) (223,382) (8,846,232) (63,998) - (278)
42,662 - (189,603) (40,283) 7,244,833 400,048 - 893,387
158,365$ -$ (190,544)$ 513,239$ 6,647,600$ 525,429$ 312,070$ -$
Debt Service
(This schedule is continued on the following pages.)
- 103 -
CITY OF EVANSTON, ILLINOIS
Combining Statement of Revenues, Expeditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Fiscal Year Ended December 31, 2015
Howard Hartrey Dempster Washington National Howard Ridge West Evanston
Tax Dodge Tax Tax Tax Tax Total
Increment Increment Increment Increment Increment Debt
District District District District District Service
Revenues
Taxes 1,248,231$ -$ 4,921,484$ 540,576$ -$ 7,132,817$
Special assessments - - - - - -
Intergovernmental - - - - - -
Charges for services - - - - - -
Investment income 1,986 - 3,532 1,817 257 7,597
Miscellaneous
Contributions - - - - - -
Other - - - 64,176 - 64,176
Total Revenues 1,250,217 - 4,925,016 606,569 257 7,204,590
Expenditures
Current
General management and support - - - 581,915 (8,821) 573,094
Public safety - - - - - -
Public works - - - - - -
Recreation and cultural opportunities - - - - - -
Housing and economic development 2,174,940 2,000,000 310,290 - - 5,958,617
Capital outlay - - - - - -
Debt service
Principal - - 545,000 - - 800,000
Interest - - 29,976 585 7,185 87,826
Fiscal agent fees - - 250 - - 250
Total expenditures 2,174,940 2,000,000 885,516 582,500 (1,636) 7,419,787
Excess (Deficiency) of Revnues
Over Expenditures (924,723) (2,000,000) 4,039,500 24,069 1,893 (215,197)
Other Financing Sources (Uses)
Issuance of bonds - - - - - -
Issuance of loans - 2,000,000 - - - 2,900,000
Premium (discount) on bonds issued - - - - - -
Transfers in - - - - - -
Transfers (out)(148,010) - (3,265,296) (107,500) (60,000) (3,580,806)
Total Other Financing Sources (Uses)(148,010) 2,000,000 (3,265,296) (107,500) (60,000) (680,806)
Net Change in Fund Balances (1,072,733) - 774,204 (83,431) (58,107) (896,003)
Fund Balances (Deficit), January 1 2,369,483 - 6,186,704 295,119 500,370 10,709,387
Prior Period Adjustment (15,635) - (518,478) (240,309) - (838,698)
Fund Balances (Deficit), January 1, Restated 2,353,848 - 5,668,226 54,810 500,370 9,870,689
Fund Balances (Deficit), December 31 1,281,115$ -$ 6,442,430$ (28,621)$ 442,263$ 8,974,686$
Debt Service
- 104 -
Special Total
Assessment Total Nonmajor
Capital Capital Capital Governmental
Improvements Projects Projects Funds
-$ -$ -$ 11,962,206$
- 147,831 147,831 147,831
270,268 - 270,268 4,835,060
87,391 - 87,391 87,391
3,815 2,219 6,034 15,339
150,000 - 150,000 275,000
- - - 496,096
511,474 150,050 661,524 17,818,923
172,067 4,242 176,309 1,532,104
- - - 1,192,229
1,365,064 - 1,365,064 2,948,302
7,230 - 7,230 7,230
- - - 10,932,245
8,926,479 224,708 9,151,187 9,151,187
- - - 800,000
- - - 87,826
- - - 250
10,470,840 228,950 10,699,790 26,651,373
(9,959,366) (78,900) (10,038,266) (8,832,450)
7,375,000 230,000 7,605,000 7,605,000
- - - 2,900,000
420,481 13,113 433,594 433,594
- - - 55,713
(490,000) - (490,000) (6,144,765)
7,305,481 243,113 7,548,594 4,849,542
(2,653,885) 164,213 (2,489,672) (3,982,908)
8,170,926 2,518,568 10,689,494 37,489,946
- - - (9,684,930)
8,170,926 2,518,568 10,689,494 27,805,016
5,517,041$ 2,682,781$ 8,199,822$ 23,822,108$
Capital Projects
(See independent auditor's report.)
- 105 -
CITY OF EVANSTON, ILLINOIS
Motor Fuel Tax Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments 1,750,000$ 2,465,781$ 715,781$
Interest 1,000 819 (181)
Total Revenues 1,751,000 2,466,600 715,600
Expenditures
Public Works 1,700,000 1,583,238 (116,762)
Excess (Deficiency) of Revenues
Over Expenditures 51,000 883,362 832,362
Other Financing Sources (Uses)
Transfers (out)(833,000) (833,000) -
Net Change in Fund Balance (782,000)$ 50,362 832,362$
Fund Balances
Beginning of Year 1,780,031
End of Year 1,830,393$
(See independent auditor's report.)
- 106 -
CITY OF EVANSTON, ILLINOIS
Economic Development Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Taxes and special assessments 1,800,000$ 2,116,843$ 316,843$
Interest 3,700 129 (3,571)
Miscellaneous 65,500 1,500 (64,000)
Total Revenues 1,869,200 2,118,472 249,272
Expenditures
Housing and economic development 2,723,958 2,535,678 (188,280)
Excess (Deficiency) of Revenues
Over Expenditures (854,758) (417,206) 437,552
Other Financing Sources (Uses)
Transfers in - 47,500 47,500
Transfers (out)(481,070) (614,782) (133,712)
Other Financing Sources (Uses) - Net (481,070) (567,282) (86,212)
Net Change in Fund Balance (1,335,828)$ (984,488) 351,340$
Fund Balances
Beginning of Year 3,540,470
End of Year 2,555,982$
(See independent auditor's report.)
- 107 -
CITY OF EVANSTON, ILLINOIS
Emergency Telephone System Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original Budget Final Budget Actual Variance
Revenues
Taxes and special assessments 1,038,239$ 1,038,239$ 977,071$ (61,168)$
Interest 1,000 1,000 190 (810)
Miscellaneous - - 100 100
Total Revenues 1,039,239 1,039,239 977,361 (61,878)
Expenditures
Public safety 1,034,206 1,275,167 1,192,229 (82,938)
Excess (Deficiency) of Revenues
Over Expenditures 5,033 (235,928) (214,868) 21,060
Other Financing Sources (Uses)
Transfers in (out)(141,767) (141,767) (141,767) -
Net Change in Fund Balance (136,734)$ (377,695)$ (356,635) 21,060$
Fund Balance
Beginning of Year 908,353
End of Year 551,718$
(See independent auditor's report.)
- 108 -
CITY OF EVANSTON, ILLINOIS
Neighborhood Improvement Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Taxes and special assessments 20,000$ -$ (20,000)$
Expenditures
Housing and economic cevelopment 50,000 - (50,000)
Net Change in Fund Balance (30,000)$ - 30,000$
Fund Balances
Beginning of Year 169,915
End of Year 169,915$
(See independent auditor's report.)
- 109 -
CITY OF EVANSTON, ILLINOIS
Affordable Housing Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Affordable housing demo tax 30,000$ 100,000$ 70,000$
Developer contributions 125,000 125,000 -
Interest 228 111 (117)
Miscellaneous 249,772 150 (249,622)
Total Revenues 405,000 225,261 (179,739)
Expenditures
Housing and economic development 405,000 214,851 (190,149)
Net Change in Fund Balance -$ 10,410 10,410$
Fund Balance
Beginning of Year 2,546,920
Prior Period Adjustment (1,563,450)
Beginning of Year, Restated 983,470
End of Year 993,880$
(See independent auditor's report.)
- 110 -
CITY OF EVANSTON, ILLINOIS
HOME Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments 216,000$ 465,961$ 249,961$
Interest - 19 19
Miscellaneous - 6,402 6,402
Total Revenues 216,000 472,382 256,382
Expenditures
Housing and economic development 216,000 490,440 274,440
Excess (Deficiency) of Revenues
Over Expenditures - (18,058) (18,058)
Other Financing Sources (Uses)
Transfers (out)- (26,990) (26,990)
Net Change in Fund Balance -$ (45,048) (45,048)$
Fund Balance
Beginning of Year 4,580,079
Prior Period Adjustment (4,530,261)
Beginning of Year, Restated 49,818
End of Year 4,770$
(See independent auditor's report.)
- 111 -
CITY OF EVANSTON, ILLINOIS
Community Development Block Grant Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments
grant from U.S. Department of
Housing and Urban Development 1,400,000$ 1,502,924$ 102,924$
Miscellaneous 590,111 3,318 (586,793)
Total Revenues 1,990,111 1,506,242 (483,869)
Expenditures
Housing and economic development 1,636,384 993,131 (643,253)
Total Expenditures 1,636,384 993,131 (643,253)
Excess (Deficiency) of Revenues
Over Expenditures 353,727 513,111 159,384
Other Financing Sources (Uses)
Transfers (out)(353,727) (453,229) (99,502)
Other Financing Sources (Uses) - Net (353,727) (453,229) (99,502)
Net Change in Fund Balance -$ 59,882 59,882$
Fund Balance
Beginning of Year 184,902
Prior Period Adjustment (184,902)
Beginning of Year, Restated -
End of Year 59,882$
(See independent auditor's report.)
- 112 -
CITY OF EVANSTON, ILLINOIS
Community Development Block Grant Fund
Schedule of Expenditures - Budget and Actual (Budgetary Basis)
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Administration/Planning
CDBG administration 296,856$ 280,829$ 16,027$
Total Administration/Planning 296,856 280,829 16,027
Economic Development
Evanston Community Development Corporation 150,000 - (150,000)
Total Economic Development 150,000 - (150,000)
Housing
Rehab construction administration 184,817 127,345 (57,472)
Total Housing 184,817 127,345 (57,472)
Neighborhood Revitalization
F/J locker rooms - 5,910 5,910
Block curb/sidewalk replacement 99,711 80,943 (18,768)
Handyman assistance/elderly home representative 35,000 - (35,000)
Alley improvement/paving program 400,000 132,353 (267,647)
Snap lighting 75,000 11,424 (63,576)
Special assessments/alley paving 10,000 3,420 (6,580)
Infant Welfare Society - 19,397 19,397
YWCA shelter program - 25,000 25,000
Family Focus Center rehabilitation 60,000 26,447 (33,553)
McGaw YMCA elevator - 45,000 45,000
School District 65 Oakton Playground - 4,115 4,115
YOU 30,000 - (30,000)
General Project expenditures 60,000 - (60,000)
Other improvements 25,000 - (25,000)
Total Neighborhood Revitalization 794,711 354,009 (440,702)
Public Services
General project expenditures 7,500 - (7,500)
Rehabilitation loans - 11,450 11,450
Evanston Community Defender 25,000 25,000 -
Evanston Rebuilding Warehouse - 7,500 7,500
Evanston Legal Services 6,000 6,000 -
Youth Job Center of Evanston 20,000 20,000 -
Summer Youth 40,000 49,498 (9,498)
YWCA Domestic Violence 24,000 24,000 -
Family Focus 19,000 19,000 -
Meals at Home 15,000 15,000 -
Evanston School 6,000 9,500 (3,500)
North Shore Senior Center 15,000 15,000 -
Open Studio project 4,000 4,000 -
Second Baptist Church - YAM 3,500 - 3,500
Interfaith Housing Program - Homeshare 10,000 10,000 -
Iwork/hous options 15,000 15,000 -
Total Public Services 210,000 230,948 1,952
Total Expenditures 1,636,384$ 993,131$ (630,195)$
(See independent auditor's report.)
- 113 -
CITY OF EVANSTON, ILLINOIS
Community Development Loan Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments 187,000$ -$ (187,000)$
Interest 100 375 275
Miscellaneous - 397,708 397,708
Total Revenues 187,100 398,083 210,983
Expenditures
Housing and economic development 187,100 282,380 95,280
Net Change in Fund Balance -$ 115,703 (115,703)$
Fund Balances
Beginning of Year 2,350,661
Prior Period Adjustment (2,307,999)
Beginning of Year, Restated 42,662
End of Year 158,365$
(See independent auditor's report.)
- 114 -
CITY OF EVANSTON, ILLINOIS
Neighborhood Stabilization Program 2 Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments -$ 130,126$ 130,126$
Miscellaneous 500,000 - (500,000)
Total Revenues 500,000 130,126 (369,874)
Expenditures
Housing and economic development 371,905 134,148 (237,757)
Total Expenditures 371,905 134,148 (237,757)
Excess (Deficiency) of Revenues
Over Expenditures 128,095 (4,022) (132,117)
Other Financing Sources (Uses)
Transfers in (out)
Tranfers from General Fund (7,500) 8,213 15,713
Transfers to Debt Service Fund (4,191) (4,191) -
Total Other Financing Sources (Uses)(11,691) 4,022 15,713
Net Change in Fund Balance 116,404$ - (116,404)$
Fund Balances
Beginning of year -
Ending of year -$
(See independent auditor's report.)
- 115 -
CITY OF EVANSTON, ILLINOIS
Special Service District No. 4 Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Property taxes
Current year 320,000$ 320,790$ 790$
Prior year - 1,265 1,265
Investment income - 4 4
Total Revenues 320,000 322,059 2,059
Expenditures
Housing and economic development 320,000 323,000 3,000
Net Change in Fund Balance -$ (941) (941)$
Fund Balance
Beginning of Year (153,365)
Prior period adjustment (36,238)
Beginning of Year, Restated (189,603)
End of Year (190,544)$
(See independent auditor's report.)
- 116 -
CITY OF EVANSTON, ILLINOIS
General Assistance Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Property taxes 1,348,553$ 1,313,420$ (35,133)$
Investment income 1,000 61 (939)
Miscellaneous 25,000 22,742 (2,258)
Total Revenues 1,374,553 1,336,223 (38,330)
Expenditures
General management and support 1,370,369 782,701 (587,668)
Net Change in Fund Balance 4,184$ 553,522 549,338$
Fund Balance
Beginning of Year 183,099
Prior period adjustment (223,382)
Beginning of Year, Restated (40,283)
Ending 513,239$
(See independent auditor's report.)
- 117 -
CITY OF EVANSTON, ILLINOIS
Capital Improvements
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Intergovermental allotments 5,424,000$ 270,268$ (5,153,732)$
Charges for services - 87,391 87,391
Investment income 10,000 3,815 (6,185)
Miscellaneous
Contributions - 150,000 150,000
Total Revenues 5,434,000 511,474 (4,922,526)
Expenditures
General management and support - 172,067 172,067
Public works - 1,365,064 1,365,064
Recreation and cultural opportunities - 7,230 7,230
Capital outlay 18,692,150 8,926,479 (9,765,671)
Total Expenditures 18,692,150 10,470,840 (8,221,310)
Excess (Deficiency) of Revenues
Over Expenditures (13,258,150) (9,959,366) 3,298,784
Other Financing Sources (Uses)
Issuance of bonds 7,585,650 7,375,000 (210,650)
Premium on issuance of bonds - 420,481 420,481
Transfers in 250,000 - (250,000)
Transfers (out)(490,000) (490,000) -
Total Other Financing Sources (Uses)7,345,650 7,305,481 (40,169)
Net Change in Fund Balance (5,912,500)$ (2,653,885) 3,258,615$
Fund Balances
Beginning of Year 8,170,926
End of Year 5,517,041$
(See independent auditor's report.)
- 118 -
CITY OF EVANSTON, ILLINOIS
Special Assessment Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Special assessments 230,000$ 147,831$ (82,169)$
Investment income 1,200 2,219 1,019
Total Revenues 231,200 150,050 (81,150)
Expenditures
Current
General management and support - 4,242 (4,242)
Capital outlay 501,000 224,708 276,292
Total Expenditures 501,000 228,950 272,050
Excess (Deficiency) of Revenues
Over Expenditures (269,800) (78,900) 190,900
Other Financing Sources (Uses)
Issuance of bonds 250,000 230,000 (20,000)
Premium on issuance of bonds - 13,113 13,113
Transfers (out)(260,698) - 260,698
Other Financing Sources (Uses) - Net (10,698) 243,113 253,811
Net Change in Fund Balance (280,498)$ 164,213 444,711$
Fund Balance
Beginning of Year 2,518,568
End of Year 2,682,781$
(See independent auditor's report.)
- 119 -
CITY OF EVANSTON, ILLINOIS
Debt Service Funds
Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and Original and
Final Budget Actual Final Budget Actual
Taxes
Property taxes
Current year levy, net 425,000$ 418,735$ -$ -$
Prior year levy, net - 3,791 - -
Investment income 300 5 - -
Miscellaneous - - - -
Total Revenues 425,300 422,531 - -
General management
and support - - - -
Housing and economic
development - - 2,900,000 580,000
Debt Service
Principal 390,000 255,000 - -
Interest 35,175 42,150 - 7,930
Fiscal agent fees - - - -
Total Expenditures 425,175 297,150 2,900,000 587,930
Excess (Deficiency) of Revenues
Over Expenditures 125 125,381 (2,900,000) (587,930)
Issuance of bonds - - - -
Issuance of loans - - 2,900,000 900,000
Transfers in (out)
General - - - -
IMRF - - - -
Economic Development - - - -
Total Other Financing Sources (Uses)- - 2,900,000 900,000
Net Changes in Fund Balances 125$ 125,381 -$ 312,070
Fund Balances (Deficit)
Beginning of Year 464,046 -
Prior period adjustment (63,998) -
Beginning of Year, Restated 400,048 -
End of Year 525,429$ 312,070$
Chicago Main Tax
Increment District
Special
Expenditures
Revenues
Service District
Other Financing Sources (Uses)
No. 5
- 120 -
Original and Original and Original and
Final Budget Actual Final Budget Actual Final Budget Actual
-$ -$ 1,150,000$ 1,248,231$ 4,900,000$ 4,888,882$
- - - - - 32,602
- - 4,500 1,986 10,000 3,532
- - - - - -
- - 1,154,500 1,250,217 4,910,000 4,925,016
- - - - - -
861,217 893,387 3,500,000 2,174,940 2,300,000 310,290
- - - - 545,000 545,000
- - - - 30,000 29,976
- - - - - 250
861,217 893,387 3,500,000 2,174,940 2,875,000 885,516
(861,217) (893,387) (2,345,500) (924,723) 2,035,000 4,039,500
- - - - - -
- - - - - -
- - (148,010) (148,010) (340,000) (340,000)
- - - - (2,925,296) (2,925,296)
- - - - - -
- - (148,010) (148,010) (3,265,296) (3,265,296)
(861,217)$ (893,387) (2,493,510)$ (1,072,733) (1,230,296)$ 774,204
893,665 2,369,483 6,186,704
(278) (15,635) (518,478)
893,387 2,353,848 5,668,226
-$ 1,281,115$ 6,442,430$
National Tax
Washington
Increment District Increment District Increment District
Southwest Tax Howard Hartrey Tax
(This schedule is continued on the following page.)
- 121 -
CITY OF EVANSTON, ILLINOIS
Debt Service Funds
Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and Original and Original and
Final Budget Actual Final Budget Actual Final Budget Actual
Revenues
Taxes
Property taxes
Current year levy, net 545,000$ 529,021$ -$ -$ 7,020,000$ 7,084,869$
Prior year levy, net - 11,555 - - - 47,948
Investment income 500 1,817 100 257 15,400 7,597
Miscellaneous 100,500 64,176 - - 100,500 64,176
Total Revenues 646,000 606,569 100 257 7,135,900 7,204,590
Expenditures
General management
and support 690,000 581,915 95,000 (8,821) 785,000 573,094
Housing and economic
development - - - - 9,561,217 3,958,617
Debt Service - -
Principal - - - - 935,000 800,000
Interest 600 585 10,000 7,185 75,775 87,826
Fiscal agent fees - - - - - 250
Total Expenditures 690,600 582,500 105,000 (1,636) 11,356,992 5,419,787
Excess (Deficiency) of Revenues
Over Expenditures (44,600) 24,069 (104,900) 1,893 (4,221,092) 1,784,803
O
Issuance of bonds 200,000 - - - 200,000 -
Issuance of loans - - 105,000 - 3,005,000 900,000
Transfers in (out)
General (60,000) (60,000) (60,000) (60,000) (608,010) (608,010)
IMRF - - - - (2,925,296) (2,925,296)
Economic Development (47,500) (47,500) - - (47,500) (47,500)
Total Other Financing Sources (Uses)92,500 (107,500) 45,000 (60,000) (375,806) (2,680,806)
Net Changes in Fund Balances 47,900$ (83,431) (59,900)$ (58,107) (4,596,898)$ (896,003)
Fund Balances (Deficit)
Beginning of Year 295,119 500,370 10,709,387
Prior period adjustment (240,309) - (838,698)
Beginning of Year, Restated 54,810 500,370 9,870,689
End of Year (28,621)$ 442,263$ 8,974,686$
Increment District Totals
Howard Ridge Tax West Evanston Tax
Increment District
(See independent auditor's report.)
- 122 -
ENTERPRISE FUNDS
Water Fund - To account for all activity related to providing water to Evanston residents, as well as the
Village of Skokie and the Northwest Water Commission. All activities necessary to provide such services
are accounted for in this fund, including, but not limited to: administration, operation, maintenance, debt
service, and billing/collection.
Sewer Fund - To account for all activity related to providing sewer service to City residents and
businesses. Activities necessary to provide such service include, but are not limited to: administration,
operations, financing, capital improvements/maintenance, and billing/collection.
Parking Fund - To account for all City-owned parking facilities/garages, lots, and metered spaces. Maple
Avenue and Sherman Plaza Garage activities have been included in this Fund beginning in FY09 -10. All
activities are accounted for including administration, operations, financing, and revenue collection.
Solid Waste Fund - To account for all activity related to refuse, recycling, and yard waste collection and
disposal. Activities necessary to provide such service include, but are not limited to: administration,
operations, and revenue collection.
CITY OF EVANSTON, ILLINOIS
Water Fund
Schedule of Revenues, Expenditures, and Changes in Net Position - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Budget Actual
Operating Revenues
Charges for services 15,253,000$ 15,005,360$
Miscellaneous 506,100 716,246
Total Operating Revenues 15,759,100 15,721,606
Operating Expenses Excluding Depreciation
Administration 1,528,130 1,473,338
Operations
Pumping 2,426,701 1,752,932
Filtration 2,612,781 2,015,362
Distribution 1,724,142 2,395,818
Meter maintenance 194,336 202,921
Other 19,349,100 420,562
Total Operating Expenses Excluding Depreciation 27,835,190 8,260,933
Operating Income (Loss) Before Depreciation (12,076,090) 7,460,673
Depreciation - 2,096,633
Operating Income (Loss)(12,076,090) 5,364,040
Non-Operating Revenues (Expenses)
Investment income 10,000 5,981
Interest Expense (434,254) (390,461)
Net book value of fixed assets disposed - 302,700
Total Non-Operating Revenues (Expenses)(424,254) (81,780)
Income (Loss) Before Transfers (12,500,344) 5,282,260
Transfers
Transfers (out)(3,194,053) (3,194,053)
Total Transfers In (Out)(3,194,053) (3,194,053)
Net Income (15,694,397)$ 2,088,207
Net Position
Beginning of Year 66,279,631
Change in accounting principle (101,305)
Prior period adjustment (55,806)
Beginning of Year, Restated 66,122,520
End of Year 68,210,727$
(See independent auditor's report.)
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CITY OF EVANSTON, ILLINOIS
Water Fund - Operation and Maintenance Account
Schedule of Operating Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Budget Actual
Charges for Services, Net
Water Sales
Evanston 6,983,000$ 6,952,396$
Skokie 2,970,000 2,863,525
Northwest Water Commission 5,300,000 5,189,439
Total Charges for Services 15,253,000 15,005,360
Miscellaneous
Fees and outside work 45,000 40,911
Fees, merchandise, and other 461,100 675,335
Total Miscellaneous 506,100 716,246
Total Operating Revenues 15,759,100$ 15,721,606$
(See independent auditor's report.)
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INTERNAL SERVICE FUNDS
Fleet Services Fund - To account for the cost of operating the municipal service center maintenance
facility for transportation vehicles/equipment used by City departments. Such costs are billed to the user
departments.
Equipment Replacement Fund - To account for the costs associated with the purchase of vehicles and
equipment.
Insurance Fund - To account for all costs related to general liability and workers' compensation claims.
Beginning with FY10-11, health insurance premiums are also accounted for in this Fund. This internal
service fund uses “funding premium” payments from City operating funds to pay claim and premium
costs incurred.
CITY OF EVANSTON, ILLINOIS
Internal Service Funds
Combining Statement of Net Position
Equipment
Replacement Fleet Services Insurance Total
Current Assets
Cash and cash equivalents 1,069,403$ -$ 1,183,113$ 2,252,516$
Receivables - other - 6,238 - 6,238
Inventories - 806,876 - 806,876
Prepaid items 395,071 - 1,470,348 1,865,419
Due from other funds 141,733 - 1,240,019 1,381,752
Total Current Assets 1,606,207 813,114 3,893,480 6,312,801
Capital Assets
Capital Assets being depreciated 23,074,067 617,552 - 23,691,619
Accumulated depreciation (15,034,715) (617,404) - (15,652,119)
Total Capital Assets 8,039,352 148 - 8,039,500
Total Assets 9,645,559 813,262 3,893,480 14,352,301
Current Liabilities
Vouchers payable 328,518 166,886 1,677 497,081
Due to other funds - 141,733 - 141,733
Compensated absences payable - 13,341 5,786 19,127
Claims payable - - 1,209,500 1,209,500
Total Current Liabilities 328,518 321,960 1,216,963 1,867,441
Long-Term Liabilities
Compensated absences payable - 53,363 23,145 76,508
OPEB liability - 72,331 - 72,331
Claims payable - - 3,017,868 3,017,868
Total Long-Term Liabilities - 125,694 3,041,013 3,166,707
Total Liabilities 328,518 447,654 4,257,976 5,034,148
Net Position (Deficit)
Net Investment in Capital Assets 8,039,352 148 - 8,039,500
Unrestricted 1,277,689 365,460 (364,496) 1,278,653
Total Net Position (Deficit)9,317,041$ 365,608$ (364,496)$ 9,318,153$
December 31, 2015
(See independent auditor's report.)
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CITY OF EVANSTON, ILLINOIS
Internal Service Funds
Combining Statement of Revenues, Expenses, and Changes in Net Position
For the Fiscal Year Ended December 31, 2015
Equipment
Replacement Fleet Services Insurance Total
Operating Revenues
Charges for services
General Fund 1,242,590$ 2,632,726$ 2,275,216$ 6,150,532$
Sewer Fund - 186,615 269,988 456,603
Solid Waste 177,132 312,975 - 490,107
Water Fund - 131,101 468,493 599,594
Motor Vehicle Parking System Fund 30,000 23,092 319,649 372,741
Library Fund 1,700 2,500 - 4,200
Emergency Telephone System - - 17,448 17,448
Economic Development - - 17,448 17,448
Community Development Block Grant - - 17,448 17,448
Claims reimbursements - - 291,311 291,311
Health insurance contributions - - 13,992,626 13,992,626
Miscellaneous - 46,934 47 46,981
Total Operating Revenues 1,451,422 3,335,943 17,669,674 22,457,039
Operating Expenses
General support - 253,031 - 253,031
Major maintenance 53,399 2,570,689 - 2,624,088
General liability claims - - 692,338 692,338
Workers' compensation claims - - 1,813,262 1,813,262
Health Insurance Premiums - - 13,406,758 13,406,758
Other - - 171,226 171,226
Total Operating Expenses 53,399 2,823,720 16,083,584 18,960,703
Operating Income Before Depreciation 1,398,023 512,223 1,586,090 3,496,336
Depreciation 1,684,835 - - 1,684,835
Operating Income (Loss)(286,812) 512,223 1,586,090 1,811,501
Non-Operating Revenues (Expenses)
Investment income - - 136 136
Gain on sale of property 34,286 - - 34,286
Total Non-Operating Revenues (Expenses)34,286 - 136 34,422
Income (Loss) Before Transfers (252,526) 512,223 1,586,226 1,845,923
Transfers
Transfers (out)- (25,820) (8,936) (34,756)
Total Transfers In (Out)- (25,820) (8,936) (34,756)
Change in Net Position (252,526) 486,403 1,577,290 1,811,167
Total Net Position (Deficit) - Beginning 9,569,567 (120,795) (3,381,927) 6,066,845
Prior period adjustment - - 1,440,141 1,440,141
Total Net Position (Deficit) - Beginning, Restated 9,569,567 (120,795) (1,941,786) 7,506,986
Total Net Position (Deficit) - Ending 9,317,041$ 365,608$ (364,496)$ 9,318,153$
(See independent auditor's report.)
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CITY OF EVANSTON, ILLINOIS
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended December 31, 2015
Equipment
Replacement Fleet Services Insurance Total
Cash Flows from Operating Activities
Receipts from customers and users 1,451,422$ 3,355,261$ 17,669,674$ 22,476,357$
Receipts from/(payments for)
interfund services provided 409,431 (287,366) (91,064) 31,001
Payments to suppliers 761,251 (1,867,214) (277,982) (1,383,945)
Payments to employees - (1,183,151) (2,476,669) (3,659,820)
Payments for insurance premiums - - (14,122,356) (14,122,356)
Net Cash Provided from Operating Activities 2,622,104 17,530 701,603 3,341,237
Cash Flows from Noncapital Financing Activities
Transfers in (out)- (25,820) (8,936) (34,756)
Net Cash from Noncapital Financing Activities - (25,820) (8,936) (34,756)
Cash Flows from Capital and Related Financing Activities
Sale of capital assets 85,036 - - 85,036
Acquisition and construction of capital assets (2,389,156) - - (2,389,156)
Net Cash from Capital and Related Financing Activities (2,304,120) - - (2,304,120)
Cash Flows from Investing Activities
Interest Income - - 136 136
Net Cash from Investing Activities - - 136 136
Net Increase (Decrease) in Cash and Cash Equivalents 317,984 (8,290) 692,803 1,002,497
Cash and Equivalents
Beginning 751,419 8,290 490,310 1,250,019
Ending 1,069,403$ -$ 1,183,113$ 2,252,516$
Reconciliation of Operating Income (Loss) to Net Cash
Provided from Operating Activities
Operating Income (Loss)(286,812)$ 512,223$ 1,586,090$ 1,811,501$
Adjustments to reconcile operating income to
net cash provided from operating activities
Depreciation 1,684,835 - - 1,684,835
Changes in assets and liabilities
Increase/decrease in accounts receivable miscellaneous - 19,318 - 19,318
Interfund receivable 409,431 141,733.00 (91,064) 460,100
Prepaid expenses 621,740 - (30,207) 591,533
Inventories - (55,728) - (55,728)
Compensated absences - (53,902) 28,931 (24,971)
OPEB liability - 10,226 - 10,226
Vouchers payable 192,910 (127,241) (76,549) (10,880)
Interfund payable - (429,099) - (429,099)
Claims payable - - (715,598) (715,598)
Net Cash Provided from Operating Activities 2,622,104$ 17,530$ 701,603$ 3,341,237$
(See independent auditor's report.)
- 127 -
COMPONENT UNIT - PUBLIC LIBRARY
CITY OF EVANSTON LIBRARY COMPONENT UNIT
EVANSTON, ILLINOIS
Combining Balance Sheet/Statement of Net Position
December 31, 2015
Statement of
Operating Endowment Debt Service Total Adjustments Net Position
Assets
Cash and investments 1,180,706$ 3,744,525$ 141,651$ 5,066,882$ -$ 5,066,882$
Property taxes receivable 6,054,180 - 385,541 6,439,721 - 6,439,721
Other receivables 95 - - 95 - 95
Capital assets not being depreciated - - - - 311,380 311,380
Capital assets net of accumulated depreciation - - - - 12,511,235 12,511,235
Total Assets 7,234,981 3,744,525 527,192 11,506,698 12,822,615 24,329,313
Deferred Outflows of Resources
Pension items - IMRF - - - - 1,595,019 1,595,019
Total Assets and Deferred Outflows of Resources 7,234,981$ 3,744,525$ 527,192$ 11,506,698$ 14,417,634$ 25,924,332$
Liabilities, Deferred Inflows of Resources,
and Fund Balances
Current liabilities
Accounts payable 283,420$ -$ -$ 283,420$ -$ 283,420$
Other payable 3,270 - - 3,270 - 3,270
Due to primary government 400,124 - 104,987 505,111 - 505,111
Unearned revenue 4,141 - - 4,141 - 4,141
Total Current Liabilities 690,955 - 104,987 795,942 - 795,942
Noncurrent Liabilities
Due within one year 69,761 - - 69,761 323,241 393,002
Due in more than one year - - - - 3,218,037 3,218,037
Total Noncurrent Liabilities 69,761 - - 69,761 3,541,278 3,611,039
Total Liabilities 760,716 - 104,987 865,703 3,541,278 4,406,981
Deferred Inflows of Resources
Unavailable property taxes 6,054,180 - 385,541 6,439,721 - 6,439,721
Total Liabilities and
Deferred Inflows of Resources 6,814,896 - 490,528 7,305,424 3,541,278 10,846,702
Fund Balances
Net investment in capital assets - - - - 11,179,234 11,179,234
Restricted for endowment - 3,744,525 - 3,744,525 - 3,744,525
Unassigned/unrestricted 420,085 - 36,664 456,749 (302,878) 153,871
Total Fund Balances/Net Position 420,085 3,744,525 36,664 4,201,274 10,876,356 15,077,630
Total Liabilities, Deferred Inflows,
and Fund Balances/Net Position 7,234,981$ 3,744,525$ 527,192$ 11,506,698$ 14,417,634$ 25,924,332$
(See independent auditor's report.)
- 128 -
CITY OF EVANSTON LIBRARY COMPONENT UNIT
EVANSTON, ILLINOIS
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances/ Statement of Activities
Governmental Fund
For Fiscal Year Ended December 31, 2015
Statement of
Operating Endowment Debt Service Total Adjustments Activities
Revenues
Property taxes 5,916,852$ -$ 601,811$ 6,518,663$ -$ 6,518,663$
Intergovernmental
Personal property replacement tax 46,059 - - 46,059 - 46,059
State grant revenue 181,283 - - 181,283 - 181,283
Charges for services 445,800 - - 445,800 - 445,800
Other
Investment income 2,682 (53,728) - (51,046) - (51,046)
Donations - 50,500 - 50,500 - 50,500
Miscellaneous 185 - - 185 - 185
Total Revenues 6,592,861 (3,228) 601,811 7,191,444 - 7,191,444
Expenditures
Current
Community services 6,604,133 - - 6,604,133 (137,844) 6,466,289
Debt Service
Principal - - 481,936 481,936 (481,936) -
Interest and fiscal charges - - 80,802 80,802 - 80,802
Total Expenditures 6,604,133 - 562,738 7,166,871 (619,780) 6,547,091
Excess (Deficiency) of Revenues
Over Expenditures (11,272) (3,228) 39,073 24,573 619,780 644,353
Other Financing Sources (Uses)
Transfer in 172,979 - - 172,979 (172,979) -
Transfer (out)(327,268) (172,979) - (500,247) 172,979 (327,268)
Total Other Financing Sources (Uses)(154,289) (172,979) - (327,268) - (327,268)
Change in Fund Balance/Net Position (165,561) (176,207) 39,073 (302,695) 619,780 317,085
Fund Balances/Net Position
Beginning of Year 1,378,970 3,920,732 93,595 5,393,297 10,371,421 15,764,718
Change in accounting principle - - - - (114,845) (114,845)
Prior period adjustment (793,324) - (96,004) (889,328) - (889,328)
Beginning of Year, Restated 585,646 3,920,732 (2,409) 4,503,969 10,256,576 14,760,545
End of Year 420,085$ 3,744,525$ 36,664$ 4,201,274$ 10,876,356$ 15,077,630$
(See independent auditor's report.)
- 129 -
CITY OF EVANSTON LIBRARY COMPONENT UNIT
EVANSTON, ILLINOIS
Library Operating Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2015
Original and
Final Budget Actual Variance
Revenues
Property taxes 5,813,505$ 5,916,852$ 103,347$
Intergovernmental
Personal property replacement tax 50,200 46,059 (4,141)
State grant revenue 183,327 181,283 (2,044)
Charges for services 412,360 445,800 33,440
Other
Investment income - 2,682 2,682
Miscellaneous - 185 185
Total Revenues 6,459,392 6,592,861 133,469
Expenditures
General management and support 6,303,124 6,604,133 301,009
Total Expenditures 6,303,124 6,604,133 (301,009)
Excess (Deficiency) of Revenues
Over Expenditures 156,268 (11,272) 434,478
Other Financing Sources (Uses)
Transfers in 171,000 172,979 1,979
Transfers (out)(327,268) (327,268) -
Total Other Financing Sources (Uses)(156,268) (154,289) (1,979)
Net Change in Fund Balance -$ (165,561) 432,499$
Fund Balance
Beginning of Year 1,378,970
Prior period adjustment (793,324)
Beginning of Year, Restated 585,646
End of Year 420,085$
(See independent auditor's report.)
- 130 -
STATISTICAL SECTION
This part of the City of Evanston, Illinois’ comprehensive annual financial report presents
detailed information as a context for understanding what the information in the financial
statements, note disclosures, and required supplementary information displays about the City’s
overall financial health.
’s financial performance and well
’s
’s current levels of outstanding debt and the ’s
’s financial
’s financial report relates to the
Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive annual financial reports for the relevant year.
CITY OF EVANSTON, ILLINOIS
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
Fiscal Year
2007 2008 2009 2010 2011 2011*2012 2013 2014 2015**
Governmental Activities
Net investment in capital assets 31,133$ 31,542$ 37,278$ 41,109$ 49,483$ 57,663$ 60,105$ 47,214$ 46,633$ 47,953$
Restricted 30,034 23,168 26,238 23,645 23,187 31,559 31,754 24,720 25,446 16,409
Unrestricted 25,171 28,231 17,539 10,400 4,072 (24,033) (23,729) (13,846) (11,436) (136,007)
Total Governmental Activities Net Position 86,338$ 82,941$ 81,055$ 75,154$ 76,742$ 65,189$ 68,130$ 58,088$ 60,643$ (71,645)$
Business-Type Activities
Net investment in capital assets 140,621$ 159,185$ 172,399$ 192,921$ 207,162$ 215,755$ 228,738$ 239,243$ 246,382$ 255,622$
Restricted 9,374 1,986 1,987 3,378 1,624 1,034 710 712 649 -
Unrestricted 21,417 23,589 27,586 25,417 19,141 25,385 26,363 25,484 23,563 22,785
Total Business-Type Activities Net Position 171,412$ 184,760$ 201,972$ 221,716$ 227,927$ 242,174$ 255,811$ 265,439$ 270,594$ 278,407$
Primary Government
Net investment in capital assets 171,754$ 190,727$ 209,677$ 234,030$ 256,645$ 273,418$ 288,843$ 286,457$ 293,015$ 303,575$
Restricted 39,408 25,154 28,225 27,023 24,811 32,593 32,464 25,432 26,095 16,409
Unrestricted 46,588 51,820 45,125 35,817 23,213 1,352 2,634 11,638 12,127 (113,222)
Total Primary Government Net Position 257,750$ 267,701$ 283,027$ 296,870$ 304,669$ 307,363$ 323,941$ 323,527$ 331,237$ 206,762$
* The City changed its fiscal year end to December 31, 2011.
** The City implemented GASB Statemetn No. 68 which resulted in a decrease in unrestricted net position
Source: City Finance Division
- 131 -
CITY OF EVANSTON, ILLINOIS
Changes in Net Position
Last Ten Fiscal Years
(amounts expressed in thousands)
Fiscal Year Ended
2007 2008 2009 2010 2011 2011*2012 2013 2014 2015
Expenses
Governmental Activities
General government 19,951$ 20,072$ 18,017$ 19,773$ 17,517$ 17,911$ 22,508$ 18,892$ 13,811$ 12,493$
Public safety 46,368 48,763 49,484 50,488 53,226 43,465 52,740 57,090 58,795 57,443
Public works 16,505 21,566 21,628 18,509 15,626 12,399 11,099 13,782 25,825 20,011
Health and human resource development 6,108 4,982 4,546 4,760 4,541 3,547 3,200 3,601 3,837 2,911
Housing and economic development 7,924 7,090 6,965 20,066 10,857 11,630 19,101 11,123 12,443 10,532
Culture and recreation 18,303 20,634 20,002 9,120 20,142 15,607 17,438 16,433 9,358 14,794
Interest on long-term debt 6,926 5,522 4,041 4,396 5,595 3,114 1,786 377 3,919 3,757
Total governmental activities expenses 122,085 128,629 124,683 127,112 127,504 107,673 127,872 121,298 127,988 121,941
Business-Type Activities
Water 8,778 8,668 9,391 9,133 8,713 7,450 10,172 11,193 11,977 10,748
Sewer 9,588 8,972 8,726 8,779 8,784 7,083 7,872 7,649 7,293 6,608
Solid waste - - - - - 4,317 4,612 4,732 4,856 5,150
Motor vehicle parking system 2,963 2,403 8,896 8,841 8,425 6,673 8,297 8,369 7,856 7,862
Sherman garage 1,613 4,270 - - - - - - - -
Maple avenue garage 2,910 2,682 - - - - - - - -
Total Business-Type Activities 25,852 26,995 27,013 26,753 25,922 25,523 30,953 31,943 31,982 30,368
Total primary government expenses 147,937$ 155,624$ 151,696$ 153,865$ 153,426$ 133,196$ 158,825$ 153,241$ 159,970$ 152,309$
Program Revenues
Governmental Activities
Charges for services
General government 13,630$ 12,639$ 13,348$ 13,087$ 12,796$ 9,219$ 9,478$ 8,917$ 9,374$ 8,629$
Culture and recreation 4,353 4,521 4,637 4,902 5,265 4,587 9,934 5,236 5,360 5,572
Other activities 8,779 14,518 10,289 7,946 9,377 8,523 11,349 12,179 15,253 11,268
Operating grants and contributions 3,679 5,982 5,117 5,898 9,851 9,861 13,453 10,102 7,151 5,535
Capital grants and contributions 185 118 113 4,037 8,026 3,941 2,017 2,956 501 275
Total Governmental Activities Program Revenues 30,626 37,778 33,504 35,870 45,315 36,131 46,231 39,390 37,639 31,279
Business-Type Activities
Charges for ervices
Water 12,639 13,239 13,685 12,694 13,738 12,369 14,967 14,658 15,052 15,722
Sewer 14,394 14,239 13,774 13,243 13,393 11,377 14,115 13,510 12,785 12,511
Sherman garage 779 1,950 - - - - - - - -
Solid waste - - - - - 2,900 3,490 3,651 3,971 4,004
Motor vehicle parking system 3,059 3,084 6,719 6,772 5,987 4,928 6,663 6,255 6,080 6,164
Maple avenue garage fund 1,417 1,430 - - - - - - - -
Operating grants and contributions - - - - - - 395 939 15 -
Total Business-Type Activities Program Revenues 32,288 33,942 34,178 32,709 33,118 31,574 39,630 39,013 37,903 38,401
Total Primary Government Program Revenues 62,914$ 71,720$ 67,682$ 68,579$ 78,433$ 67,705$ 85,861$ 78,403$ 75,542$ 69,680$
Net (Expense)/Revenue
Governmental Activities (91,459)$ (90,851)$ (91,179)$ (91,242)$ (82,189)$ (71,542)$ (81,641)$ (81,908)$ (90,349)$ (90,662)$
Business-Type Activities 6,436 6,947 7,165 5,956 7,196 6,051 8,677 7,070 5,921 8,033
Total Primary Government Net Expense (85,023)$ (83,904)$ (84,014)$ (85,286)$ (74,993)$ (65,491)$ (72,964)$ (74,838)$ (84,428)$ (82,629)$
General Revenues and Other Changes in
Net Position
Governmental Activities
Taxes
Property taxes 61,983$ 46,947$ 56,217$ 58,839$ 47,040$ 33,399$ 47,874$ 46,349$ 48,579$ 45,840$
Sales taxes 14,387 16,172 15,500 14,880 15,577 13,495 15,888 16,965 17,362 17,758
Investment earnings 3,752 3,653 360 721 557 32 398 79 (258) 30
Miscellaneous 17,287 25,799 26,684 24,601 27,501 21,244 25,348 27,369 26,612 30,950
Transfers (616) (5,116) (9,469) (13,700) (99) (8,180) (4,926) (2,586) 610 631
Total Governmental Activities 96,793 87,455 89,292 85,341 90,576 59,990 84,582 88,176 92,905 95,209
Business-Type Activities
Investment earnings 1,344 1,287 606 87 23 16 34 33 (156) 27
Miscellaneous - - (28) - - - - (61) - 301
Transfers 616 5,116 9,469 13,700 99 8,180 4,926 2,586 (610) (631)
Total Business-Type Activities 1,960 6,403 10,047 13,787 122 8,196 4,960 2,558 (766) (303)
Changes in Net Position
Governmental Activities 5,334$ (3,396)$ (1,887)$ (5,901)$ 8,387$ (11,552)$ 2,941$ 6,268$ 2,556$ 4,547$
Business-Type Activities 8,396 13,350 17,212 19,743 7,318 14,247 13,637 9,628 5,155 7,730
Total Primary Government 13,730$ 9,954$ 15,325$ 13,842$ 15,705$ 2,695$ 16,578$ 15,896$ 7,711$ 12,277$
* The City changed its fiscal year end to December 31, 2011.
Source: City Finance Division
- 132 -
CITY OF EVANSTON, ILLINOIS
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(amounts expressed in thousands)
2007 2008 2009 2010 2011 2011*2012 2013 2014 2015
General Fund
Nonspendable - - - - - - - - - 118$
Reserved/Restricted 1,327 1,108 1,275 1,585 1,995 - - - - -
Unreserved/Restricted 24,866 24,840 19,752 18,603 20,009 - - - - -
Assigned - - - - - 7,590 6,848 6,362 5,347 5,672
Unassigned - - - - - 10,803 10,186 10,001 9,636 4,914
Total General Fund 26,193$ 25,948$ 21,027$ 20,188$ 22,004$ 18,393$ 17,034$ 16,363$ 14,983$ 10,704$
All Other Governmental Funds
Reserved 31,741$ 29,739$ 31,757$ 28,953$ 28,738$ -$ -$ -$ -$ -$
Unreserved, reported in
Special Revenue Funds 5,587 6,649 10,356 10,807 10,907 - - - - -
Capital Projects Funds 23,965 25,620 20,899 9,276 9,665 - - - - -
Nonspendable - - - - - 1,419 - 407 1,430 2,158
Restricted - - - - - 32,353 32,431 25,359 26,003 16,409
Committed - - - - - 806 2,150 3,507 3,540 2,556
Assigned - - - - - 10,074 5,307 8,372 10,467 5,517
Unassigned - - - - - (175) 1,105 (149) (153) (221)
Total All Other Governmental Funds 61,293$ 62,008$ 63,012$ 49,036$ 49,310$ 44,477$ 40,993$ 37,496$ 41,287$ 26,419$
* The City changed its fiscal year end to December 31, 2011.
Notes: Fund balances for debt service have been included in the reserved amounts.
1. Fund balances for debt service have been included in the reserved amounts.
2. Starting fiscal year ending December 31, 2011, financials are presented per the new reporting standards of GASB 54.
Source: City Finance Division
Fiscal Year Ended
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CITY OF EVANSTON, ILLINOIS
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(amounts expressed in thousands)
2007 2008 2009 2010 2011 2011*2012 2013 2014 2015
Revenues
Taxes 77,137$ 75,767$ 84,035$ 84,726$ 73,559$ 56,466$ 79,331$ 78,254$ 77,933$ 75,747$
Licenses, fees and permits 8,061 10,276 8,820 7,279 8,661 6,776 10,470 10,617 14,503 12,184
Fines and penalties 4,029 4,660 4,442 4,151 4,003 3,280 3,470 3,449 3,358 148
Charges for services 7,167 7,732 8,399 8,680 9,786 6,283 7,763 7,723 7,793 23,834
Special assessments 565 520 516 240 429 235 293 275 167 8,312
Intergovernmental 21,402 22,625 21,013 20,696 26,456 23,183 29,252 27,844 24,300 3,554
Investment earnings 3,695 3,402 272 714 555 22 397 94 89 30
Other Revenues 5,578 5,116 4,679 4,642 6,390 4,133 2,915 1,906 1,791 1,722
Total Revenues 127,634 130,098 132,176 131,128 129,839 100,378 133,891 130,162 129,934 125,531
Expenditures
General government 14,539 18,190 16,498 16,184 23,463 13,594 18,532 17,611 13,314 13,444
Public safety 39,690 42,466 49,999 48,970 50,352 42,140 54,611 56,431 59,425 59,654
Public works 14,282 18,868 18,913 16,062 14,053 7,574 9,380 11,982 19,821 19,815
Recreation and cultural opportunities 16,683 19,118 18,942 18,100 17,399 16,192 14,309 14,775 10,524 3,141
Health and human development 5,850 4,982 4,546 4,760 4,541 3,588 3,200 3,601 3,837 11,087
Housing and economic development 7,683 7,089 6,963 9,120 11,345 11,999 19,095 11,305 9,348 13,292
Pensions 5,645 - - - - - - - - -
Capital outlay 18,986 12,416 8,209 7,960 7,112 5,832 8,523 5,948 6,286 9,151
Debt service -
Interest 6,927 5,128 5,143 4,953 4,878 4,384 5,175 4,996 4,411 4,413
Fiscal agent fees 517 42 28 5 12 79 76 127 43 16
Principal 11,530 10,815 9,885 7,524 7,650 10,106 13,055 34,259 10,040 20,833
Total Governmental Activities Expenditure 142,332 139,114 139,126 133,638 140,805 115,488 145,956 161,035 137,049 154,846
Net (Expense)/Revenue
Governmental Activities (14,698) (9,016) (6,950) (2,510) (10,966) (15,110) (12,065) (30,873) (7,115) (29,315)
Other Financing Sources (Uses)
Proceeds from borrowing 24,916 31,444 24,340 - 13,393 15,420 12,618 34,982 9,989 22,377
Capitalized interest income - - 839 - 120 - - - - -
Capitalized interest expense - - - - - - - - - -
Escrow funding (14,368) (15,590) (13,280) - - - - - - -
Transfers in 6,529 8,975 5,927 11,019 5,727 5,839 9,271 8,182 9,202 10,308
Transfers (out)(10,528) (15,344) (14,794) (23,324) (6,184) (14,593) (14,668) (11,879) (9,665) (9,315)
Total Other Financing Sources (Uses)6,549 9,485 3,032 (12,305) 13,056 6,666 7,221 31,285 9,526 23,370
Net Changes in Fund Balance (8,149)$ 469$ (3,917)$ (14,815)$ 2,090$ (8,444)$ (4,844)$ 412$ 2,411$ (5,945)$
Debt Service as a Percentage of
Noncapital Expenditures 14.96%12.58%11.48%9.93%9.36%13.29%13.26%25.31%11.05%17.62%
* The City changed its fiscal year end to December 31, 2011.
Source: City Finance Division
Fiscal Year Ended
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CITY OF EVANSTON, ILLINOIS
Equalized Assessed Value and Actual Value of Taxable Property
Last Ten Levy Years
Levy Total Total Total
Year Residential Farm Commercial Industrial Railroad Equalized Actual Tax
Ended Property Property Property Property Property Assessed Value Value Rate
2005 1,680,183,692$ 16,895$ 500,330,397$ 61,756,603$ 465,435$ 2,242,753,022$ 6,728,259,066$ 1.491
2006 1,707,669,215 16,895 476,821,737 60,920,888 464,011 2,245,892,746 6,737,678,238 1.527
2007 2,149,123,958 16,895 560,536,782 62,154,048 508,346 2,772,340,029 8,317,020,087 1.283
2008 2,324,551,100 16,895 560,106,493 53,168,671 554,733 2,938,397,892 8,815,193,676 1.295
2009 2,564,394,619 15,956 615,808,511 125,104,411 665,872 3,305,989,369 9,917,968,107 1.204
2010 2,233,194,054 15,956 623,156,869 184,687,438 829,769 3,041,884,086 9,125,652,258 1.364
2011 2,100,690,657 15,956 513,880,731 111,899,205 881,024 2,727,367,573 8,182,102,719 1.591
2012 1,944,932,067 15,956 462,671,239 106,007,084 995,206 2,514,621,552 7,543,864,656 1.551
2013 1,653,524,481 15,956 452,108,891 94,820,879 1,226,831 2,201,697,038 6,605,091,114 1.760
2014 1,792,383,435 15,467 416,165,953 34,726,327 1,278,793 2,244,569,975 6,733,709,925 1.856
Note:
Source: Cook County Assessor's office
Property is reassessed once every three years. Equalized Assessed value is approximately 1/3 of actual value. Tax rates are per $100 of
equalized assessed value.
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CITY OF EVANSTON, ILLINOIS
Principal Property Taxpayers
Current Year and Nine Years Ago
2014 Levy 2005 Levy
Percentage Percentage
Total of Total City Total of Total City
Equalized Assessed Taxable Equalized Assessed Taxable
Tax Payer Value (EAV)Rank EAV Tax Payer Value (EAV)Rank EAV
Rotary International 25,715,912$ 1 1.15%Golub & Company 23,175,168$ 1 0.96%
FSP 909 Davis Street 20,391,572 2 0.91%Rotary International 22,007,653 2 0.91%
Lowe Enterprises 18,484,963 3 0.82%REP CBRE 19,828,403 3 0.82%
McCaffery Interests 15,636,226 4 0.70%Church Street Plaza 14,627,674 4 0.60%
Evanston Hotel Assoc.9,992,465 5 0.45%Church & Chicago Ltd Partnership 12,463,272 5 0.51%
Inland 9,759,474 6 0.43%Evanston Hotel Assoc.12,361,644 6 0.51%
Northshore University Health 9,557,404 7 0.43%Albertson's (Jewel & Osco)10,717,417 7 0.44%
Target Proptax T927 7,492,520 8 0.33%Target Proptax T927 9,159,847 8 0.38%
TIAA Pk Evanston Inc 7,379,412 9 0.33%Evanston NW Healthcare 9,124,467 9 0.38%
500 Davis St Holdings 7,013,472 10 0.31%The Home Depot 7,735,969 10 0.32%
Total 131,423,421$ 5.86% Total 141,201,514$ 5.83%
Total EAV 2,244,569,975$ Total EAV 2,423,486,132$
Source: Cook County
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CITY OF EVANSTON, ILLINOIS
Property Tax Levies and Collections
Last Ten Levy Years
Tax Taxes Levied Collected Receipts Collections Total Collected to Date
Levy for the Percentage in Subsequent Percentage
Year Fiscal Year Amount of Levy Years Amount of Levy
2006 34,399,146$ 33,249,612$ 96.66%437,287$ 33,686,899$ 97.93%
2007 35,550,694 34,061,461 95.81%400,850 34,462,311 96.94%
2008 38,044,671 36,246,629 95.27%358,214 36,604,843 96.22%
2009 39,779,364 38,018,159 95.57%464,506 38,482,665 96.74%
2010 41,479,398 39,412,004 95.02%764,463 40,176,467 96.86%
2011 43,397,590 42,064,756 96.93%348,189 42,412,945 97.73%
2012 43,330,121 41,776,375 96.41%559,130 42,335,505 97.70%
2013 43,869,798 42,762,685 97.48%338,420 43,101,105 98.25%
2014 45,557,079 44,280,493 97.20%270,619 44,551,112 97.79%
2015 46,394,914 See Note See Note See Note See Note See Note
Note: Levy Year 2015 is collected beyond fiscal year end 2015 through December 31, 2016.
Source: City Finance Division
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CITY OF EVANSTON, ILLINOIS
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
(2)Net
Gross (3)Net Net General
(1)General Debt Debt Net Debt to Debt to Obligation
Fiscal Equalized Obligation Service Payable General Total Equalized Total Bonded
Year Assessed Bonded Monies From Other Obligation Personal Assessed Personal Debt
Ended Population Valuation Debt Available Revenues Debt Income Valuation Income Per Capita
2007 74,239 2,242,753,022$ 187,745,000$ 6,504,507$ 96,780,000$ 84,460,493$ 2,902,967,617$ 3.77%2.91%1,137.68$
2008 74,239 2,245,892,746 181,750,000 6,146,567 81,455,000 94,148,433 2,902,967,617 4.19%3.24%1,268.18
2009 74,239 2,772,340,029 171,945,001 7,317,930 62,079,183 102,547,888 2,902,967,617 3.70%3.53%1,381.32
2010 74,239 2,938,397,892 149,315,000 5,989,400 46,882,320 96,443,280 2,902,967,617 3.28%3.32%1,299.09
2011 74,486 3,305,989,369 151,695,000 5,309,064 50,097,260 96,288,676 3,157,759,484 2.91%3.05%1,292.71
2011*74,486 3,041,884,087 155,855,000 2,629,020 47,111,060 106,114,920 3,197,311,550 3.49%3.32%1,424.63
2012 74,486 2,727,367,573 152,644,999 16,085,747 44,899,176 91,660,076 3,176,902,386 3.36%2.89%1,230.57
2013 74,619 2,514,621,552 149,534,997 12,520,761 40,042,921 96,971,315 3,113,477,775 3.86%3.11%1,299.55
2014 75,570 2,201,697,038 150,421,841 12,209,139 34,614,357 103,598,345 3,262,734,750 4.71%3.18%1,370.89
2015 75,570 2,244,569,975 150,069,048 438,453 37,651,325 111,979,270 3,262,734,750 4.99%3.43%1,481.80
* The City changed its fiscal year end to December 31, 2011.
Notes: (1)
(2)Excludes limited purpose special service district bonds.
(3)
Source: Cook County and City Finance Division
Equalized assessed values do not include tax increment financing district incremental equalized assessed values.
These amounts include the general obligation bonds that are being repaid from the Water Fund,Solid Waste Fund,Sewer Fund,Motor Vehicle Parking
System Fund, Howard Hartrey Tax Increment District, Washington National Tax Increment District, and Special Assessment Fund.
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CITY OF EVANSTON, ILLINOIS
Ratio of Outstanding Debt by Type
Last Ten Fiscal Years
Fiscal General Special General Water Total Percentage (1)
Year Obligation Service District Obligation Revenue IEPA Primary of Personal Per
Ended Bonds Bonds Capital Lease Bonds Bonds Loans Government Income Capita
2007 110,920,000$ 3,070,000$ -$ 76,825,000$ 3,240,000$ 99,490,921$ 293,545,921$ 10.11%3,954$
2008 115,220,000 2,785,000 - 66,530,000 2,755,000 103,410,887 290,700,887 10.01%3,916
2009 115,961,136 2,165,000 1,035,370 55,983,865 2,245,000 101,775,223 279,165,594 9.62%3,760
2010 109,078,880 2,155,000 708,552 40,236,120 1,720,000 95,370,544 249,269,096 8.59%3,358
2011 115,482,439 1,840,000 363,759 36,212,561 1,170,000 87,059,150 242,127,909 7.67%3,251
2011*120,739,206 1,840,000 - 35,115,794 1,170,000 79,081,272 237,946,272 7.44%3,195
2012 119,423,742 1,515,000 - 33,221,257 595,000 70,375,368 225,130,367 7.09%3,022
2013 119,123,639 1,175,000 - 30,411,358 305,000 64,658,382 215,673,379 6.93%2,890
2014 119,060,744 795,000 - 30,566,097 - 58,412,659 208,834,500 6.40%2,763
2015 117,752,440 405,000 - 31,911,608 - 51,901,172 209,138,551 6.69%2,767
* The City changed its fiscal year end to December 31, 2011.
Notes:
Source: City Finance Division
(1) Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(2) See the Schedule of Demographics and Economic Statistics for personal income and population data.
Governmental Activities Business- Type Activities
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Percentage
of Debt The City's
Total Applicable Share of Debt
Outstanding to the City (1)
Direct debt - bonds, notes, and
contracts outstanding 126,013,721$ 100.00%126,013,721$
Other bonded debt by taxing body
County of Cook 3,629,037,767 1.75%63,508,161
Cook County Forest Preserve District 191,698,444 1.75%3,354,723
Metropolitan Water Reclamation District 2,655,365,000 1.82%48,327,643
Community College District 535 37,480,000 11.65%4,366,420
High School District 202 24,485,764 90.13%22,069,019
School District 65 81,287,568 90.13%73,264,485
Skokie Park District 6,515,000 63.00%4,104,450
Total Overlapping Debt 6,625,869,543 218,994,901
6,751,883,264$ 345,008,622$
Note: Overlapping debt calculated based on the pro rata EAV.
Source: Cook County Clerk's Offices
CITY OF EVANSTON, ILLINOIS
Direct and Overlapping Governmental Activities Debt
As of December 31, 2015
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The City is a home rule municipality.
To date, the Illinois General Assembly has set no limits for home rule municipalities.
CITY OF EVANSTON, ILLINOIS
Legal Debt Margin
December 31, 2015
“The General Assembly may limit by law the amount and require referendum approval of debt to be
incurred by home rule municipalities,payable from ad valorem property tax receipts,only in excess
of the following percentages of the assessed value of its taxable property...(2)if its population is
more than 25,000 and less than 500,000 an aggregate of one percent...indebtedness which is
outstanding on the effective date (July 1,1971)of this constitution or which is thereafter approved
by referendum...shall not be included in the foregoing percentage amounts.”
Chapter 65,Section 5/8-5-1 of the Illinois Compiled Statutes governs computation of the legal debt
margin.
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CITY OF EVANSTON, ILLINOIS
Pledged-Revenue Coverage
Last Ten Fiscal Years
Water Revenue Bonds
Utility Less:Net
Fiscal Year Service Operating Available Debt Service
Ended Charges Expenses Resources Principal Interest Coverage
2007 13,196,942$ 6,900,063$ 6,296,879$ 470,000$ 145,088$ 10.24
2008 13,787,014 7,138,056 6,648,958 485,000 128,713 10.83
2009 13,878,833 7,866,909 6,011,924 510,000 110,913 9.68
2010 12,742,603 7,756,760 4,985,843 525,000 91,556 8.09
2011 13,752,681 7,191,577 6,561,104 550,000 71,269 10.56
2011*12,368,533 6,146,652 6,221,881 - 24,672 252.18
2012 14,967,204 8,430,599 6,536,605 575,000 37,687 10.67
2013 14,657,748 8,175,707 6,482,041 290,000 19,688 20.93
2014 15,051,732 7,938,838 7,112,894 305,000 6,672 22.82
2015 NA NA NA - - NA
The City has no revenue bonds outstanding after December 31, 2014.
* The City changed its fiscal year end to December 31, 2011.
Source: Various City departments
Note:Detail regarding the City's outstanding debt can be found in the notes to the financial statements.
Operating expenses do not include interest, depreciation, or amortization expense.
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CITY OF EVANSTON, ILLINOIS
Demographic and Economic Statistics
Last Ten Years
Per Education
Total Capita % of Population
Calendar Personal Personal Median with HS Diploma School Unemployment
Year Population Income Income Age or Higher Enrollment Rate
2006 74,239 2,902,967,617$ 39,103$ 32.5 94.0%9,550 4.5%
2007 74,239 2,902,967,617 39,103 32.5 94.0%9,550 4.4%
2008 74,239 2,902,967,617 39,103 32.5 94.0%9,550 4.6%
2009 74,239 2,902,967,617 39,103 32.5 94.0%9,550 4.7%
2010 74,486 3,157,759,484 42,394 34.3 94.0%9,550 7.9%
2011 74,486 3,197,311,550 42,925 34.3 94.0%11,369 7.3%
2012 74,486 3,176,902,386 42,651 35.1 93.6%11,418 6.8%
2013 74,619 3,113,477,775 41,725 34.4 93.9%10,293 6.7%
2014 75,570 3,262,734,750 43,175 34.4 93.9%10,429 4.2%
2015 75,570 3,124,063,800 41,340 34.4 93.9%11,088 4.5%
Source: Various Government agencies
- 143 -
CITY OF EVANSTON, ILLINOIS
Principal Employers
Current Year and Nine Years Ago
Employer Employees %Rank Employer Employees %Rank
Northwestern University 9,534 49%1 Northwestern University 5,600 39%1
Northshore University Healthcare 4,114 21%2 Evanston Northwestern Healthcare 3,000 21%2
Evanston School District 65 1,554 8%3 St. Francis Hospital 1,870 13%3
St. Francis Hospital 1,000 5%4 Evanston School District 65 1,100 8%4
City of Evanston 839 4%5 City of Evanston 891 6%5
Presbyterian Homes/McGaw Care 606 3%6 Evanston Township High School 550 4%6
School District 202 585 3%7 Presbyterian Homes/McGaw Care 500 3%7
Rotary International 500 2%8 Rotary International 400 3%8
Whole Foods 386 2%9 Solucient 275 2%9
C.E. Neifhoff & Co.350 2%10 Whole Foods 190 1%10
Total 19,468 Total 14,376
Source: City Economic Development Division
2015 2006
- 144 -
CITY OF EVANSTON, ILLINOIS
Full-Time Equivalent City Government Employees by Function
Last Ten Fiscal Years
2007 2008 2009 2010 2011 2011*2012 2013 2014 2015
Function/Program
General Government
City Clerk 2.00 2.00 2.00 2.00 2.00 3.00 2.80 2.20 2.20 2.00
City Manager's Office 7.25 13.70 31.53 27.70 22.00 8.00 12.00 12.00 14.00 13.00
MBIS / IT 23.80 25.50 - - 13.00 12.00 11.50 9.00 11.00 12.00
Legal 7.00 7.00 7.00 6.00 7.00 7.00 7.00 8.00 7.00 8.00
Human Resources 8.00 8.00 8.00 8.00 5.00 5.00 7.50 8.00 8.50 6.50
Finance 25.50 26.50 29.50 28.50 19.50 19.00 17.10 17.00 17.50 20.50
Parking Systems - - - - 13.00 12.00 12.00 9.00 12.00 12.00
Facilities Management 21.20 - - - - 19.00 20.20 16.00 -
Community Development 36.00 36.00 35.00 33.00 28.00 27.00 27.00 24.00 21.00 19.00
Community College District 535
Police 221.75 220.75 220.75 218.50 219.00 222.00 225.00 220.00 227.00 227.00
Fire 111.00 111.00 112.00 111.00 107.00 108.00 110.00 106.00 110.00 110.00
Human and Health Services 40.15 29.68 24.90 26.40 15.90 17.00 17.70 20.00 21.10 22.10
Public Works 90.25 108.45 105.45 83.25 58.80 49.00 49.25 97.00 108.45 107.45
Human Relations 4.00 - - - - - - - -
Library 67.19 66.69 69.35 67.50 52.00 52.00 56.38 63.00 63.13 66.45
Recreation, Parks, and Forestry 119.90 115.90 112.75 131.75 132.00 105.00 105.21 69.00 69.64 74.23
Total General Government 784.99 771.17 758.23 743.60 694.20 665.00 680.64 680.20 692.52 700.23
Neighborhood Stabilization Program - - - - 1.00 1.00 2.00 1.00 1.31 0.50
Housing Rehabilitation - - - - - - - - - 1.75
General Assistance Fund - - - - - - - - - 4.00
HOME Fund - - - - - - - - - 0.40
Emergency Telephone System 4.00 4.00 4.00 5.00 5.00 5.00 5.00 4.00 5.00 5.00
CDBG 2.00 2.00 2.00 2.00 2.00 3.00 1.53 3.00 2.60 2.60
Economic Development Fund 1.45 1.30 2.30 2.30 5.00 6.00 7.00 5.00 6.25 6.25
Downtown II TIF Fund 1.00 - - - - - - - - -
Capital Improvements Fund - - - - 1.00 - - - - -
Maple Ave. Garage 1.00 1.00 1.00 - - - - - - -
Parking Fund 14.50 14.50 14.50 15.50 14.00 15.00 15.50 15.50 15.50 15.50
Water 43.00 43.00 43.00 43.00 42.00 41.00 42.50 40.00 42.50 44.50
Sewer 14.00 14.00 14.00 14.00 12.00 11.00 13.00 11.00 13.33 11.33
Solid Waste - - - - - 6.00 10.00 8.00 9.66 9.66
Fleet Services 17.00 15.00 15.00 15.00 11.00 12.00 12.00 10.00 12.00 12.50
Insurance Fund 1.30 1.00 2.00 2.00 3.00 4.00 4.00 4.00 5.00 5.00
Total Other Functions 99.25 95.80 97.80 98.80 96.00 104.00 112.53 101.50 113.15 118.99
Total All Funds 884.24 866.97 856.03 842.40 790.20 769.00 793.17 781.70 805.67 819.22
* The City changed its fiscal year end to December 31, 2011.
Source: City of Evanston HR Division
Fiscal Year Ended
- 145 -
CITY OF EVANSTON, ILLINOIS
Property Tax Rates per $100 - Direct and Overlapping Governments
Last Ten Levy Years
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
City of Evanston 1.527 1.283 1.295 1.204 1.365 1.592 1.551 1.760 1.856 1.766
Consolidated Elections - 0.012 - 0.021 - 0.025 - - - -
Cook County 0.500 0.446 0.415 0.394 0.423 0.462 0.531 0.560 0.591 0.568
Cook County Forest Preserve District 0.057 0.053 0.051 0.049 0.051 0.058 0.063 0.069 0.073 0.069
Suburban T.B. Sanitarium 0.005 - - - - - - - - -
Metropolitan Water Reclamation District 0.284 0.263 0.252 0.261 0.274 0.320 0.370 0.417 0.440 0.430
North Shore Mosquito Abatement District 0.009 0.008 0.008 0.008 0.009 0.010 0.010 0.007 0.007 0.011
Evanston Township 0.058 0.050 0.050 0.042 0.046 0.011 0.010 0.053 0.056 -
Community College 535 0.166 0.141 0.140 0.140 0.160 0.196 0.219 0.256 0.270 0.258
School District 202 2.099 1.750 1.722 1.616 1.819 2.061 2.308 2.689 2.836 2.659
School District 65 3.045 2.535 2.552 2.401 2.655 2.818 3.149 3.671 3.872 3.686
Total Tax Rate for Property not in Park District
or Special Service District 7.750 6.541 6.485 6.136 6.802 7.553 8.211 9.482 10.001 9.447
Percent of Total Tax Rate Levied by City of Evanston 19.70%19.61%19.97%19.62%20.07%21.08%18.89%18.56%18.56%18.69%
Source: Cook County Assessor's office
Tax Levy Year
Government Unit
- 146 -
CITY OF EVANSTON, ILLINOIS
Water Sold by Type of Customer
Last Ten Fiscal Years
(in 100 cubic feet)
2007 2008 2009 2010 2011 2011*2012 2013 2014 2015
Type of Customer
Residential 2,388,360$ 2,375,942$ 2,260,284$ 2,174,255$ 2,187,244$ 1,804,433$ 2,276,492$ 2,189,588$ 2,065,980$ 2,098,160$
Industrial 16,307 16,579 15,722 13,624 14,195 11,552 14,758 12,392 11,627 10,772
Commercial 1,278,334 1,240,591 1,193,241 1,109,556 1,153,949 928,621 1,117,431 1,105,077 1,036,034 1,045,791
Government 96,777 100,278 89,420 69,229 75,308 50,129 66,561 61,908 53,732 55,485
Total 3,779,778$ 3,733,390$ 3,558,667$ 3,366,664$ 3,430,696$ 2,794,735$ 3,475,242$ 3,368,965$ 3,167,373$ 3,210,208$
Total direct rate
per 100 cubic feet 1.47$ 1.52$ 1.52$ 1.52$ 1.52$ 1.52$ 1.75$ 1.80$ 1.98$ 2.18$
* The City changed its fiscal year end to December 31, 2011.
Source: City Utilities Department
Fiscal Year Ended
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CITY OF EVANSTON, ILLINOIS
Water Sold by Major Customers
Last Ten Fiscal Years
2007 2008 2009 2010 2011 2011*2012 2013 2014 2015
Type of Customer
Evanston residents/businesses 5,804,517$ 6,012,643$ 5,430,019$ 5,396,739$ 5,377,297$ 4,719,084$ 6,124,221$ 5,915,560$ 6,301,307$ 6,975,785$
Village of Skokie 2,891,834 3,158,396 2,689,304 2,676,163 2,885,096 2,304,066 2,989,109 2,772,424 2,805,425 2,854,684
Northwest Water Commission 3,497,989 3,620,878 4,820,074 4,506,066 4,781,645 3,710,581 5,033,996 5,183,425 5,074,770 5,183,391
Total 12,194,340$ 12,791,917$ 12,939,397$ 12,578,968$ 13,044,038$ 10,733,731$ 14,147,326$ 13,871,409$ 14,181,502$ 15,013,860$
* The City changed its fiscal year end to December 31, 2011.
Source: City Utilities Department
Fiscal Year Ended
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CITY OF EVANSTON, ILLINOIS
Operating Indicators by Function/Programs
Last Ten Years
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/Program
Police
Violent offenses 224 282 299 255 214 180 230 131 97 80
Property offenses 2,942 2,825 2,739 2,412 2,119 2,144 2,078 1,980 1,959 1,872
911 calls received 55,795 59,135 56,717 52,198 35,991 51,969 44,875 42,551 44,177 46,749
Fire
Emergency responses 8,173 8,517 9,134 8,566 8,917 9,063 9,330 9,373 9617 9630
Fires extinguished 220 192 185 154 157 157 154 129 120 99
Inspections 1,320 1,050 1,810 709 680 620 640 660 740 760
Other Public Works
Street resurfacing (estimated miles)3.3 3.3 3.3 3.3 3.4 3.4 3.4 3.4 4.9 2.7
Parks and Recreation
Athletic field usage (hours)15,561 15,165 17,121 16,185 18,966 20,075 16,761 16,367 16,270 15,531
Picnic permits issued 319 373 403 431 460 437 541 445 448 404
Library
Volumes in collection 495,575 458,017 502,019 502,019 471,262 436,382 426,342 400,034 401,300 481,626
Total volumes borrowed 897,141 867,743 945,952 945,952 951,667 891,769 989,638 1,056,243 1,074,972 1,071,401
Water
New connections 104 61 57 28 29 16 4 - 18 9
Water main breaks 48 36 52 52 38 28 66 51 70 23
Average daily consumption
(millions of gallons)41.41 42.91 40.09 39.41 38.91 38.39 39.85 35.81 36.79 36.63
Peak daily consumption
(millions of gallons)66.49 66.00 65.40 58.94 57.02 65.95 69.21 56.95 48.91 50.59
Note: Indicators are not available for general government functions
Source: Various City departments
Calendar Year
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CITY OF EVANSTON, ILLINOIS
Capital Assets Statistics by Function
Last Ten Years
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/Program
Police
Number of stations 1 1 1 1 1 1 1 1 1 1
Budgeted sworn officers 162 162 165 165 164 164 164 164 164 164
Fire Stationsmy c 5 5 5 5 5 5 5 5 5 5
Other Public Works
Streets (miles)147 147 147 147 147 147 147 147 147 147
Streetlights 5,641 5,641 5,641 5,641 5,641 5,641 5641 5641 5641 5641
Parks and Recreation
Acreage 290 290 290 290 290 290 290 290 290 290
Playgrounds 51 51 51 51 51 51 51 51 51 51
Baseball/softball diamonds 18 18 18 18 18 18 18 18 18 18
Soccer/football fields 27 27 27 27 27 27 27 27 27 27
Community centers 5 5 5 5 5 5 5 5 5 6
Water
Water mains (miles)159 157 157 157 157 157 157 157 157 156.4
Fire hydrants 1347 1370 1370 1399 1399 1399 1399 1399 1477 1484
Storage capacity (millions of gallons)22 22 22 22 22 22 22 22 22 22
Note: No capital asset indicators are available for the general government or library function
Source: Various City departments
Source: City Finance division
Calendar Year
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COMPLIANCE SECTION
INDEPENDENT ACCOUNTANT’S REPORT ON COMPLIANCE WITH
STATE OF ILLINOIS PUBLIC ACT 85-1142
The Honorable Mayor
Members of the City Council
City of Evanston, Illinois
We have examined management’s assertion that the City of Evanston, Illinois (the City)
complied with the provisions of subsection (q) of Section 11 -74.4-3 of the Illinois Tax Increment
Redevelopment Allocation Act (Illinois Public Act 85 -1142) during the year ended December 31,
2015. As discussed in that representation letter, managem ent is responsible for the City’s
compliance with those requirements. Our responsibility is to express an opinion on
management’s assertion about the City’s compliance based on our examination.
Our examination was conducted in accordance with attestation standar ds established by the
American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence about the City’s compliance with those requirements and performing such
other procedures as we considered necessary in the circumstances. We believe that our
examination provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the City’s compliance with statutory requirements.
In our opinion, management’s assertion that the City of Evanston, Illinois, complied with the
aforementioned requirements for the year ended December 31, 2015, is fairly stated in all
material respects.
This report is intended solely for the information and use of the City Council, management, the
joint review board, the Illinois State Comptroller, and the Illinois Department of Revenue and is
not intended to be and should not be used by anyone other than these specified parties.
Naperville, Illinois
August 5, 2016
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