HomeMy WebLinkAbout2020 Annual Comprehensive Financial Report City of Evanston, Illinois
_________________________________________________________________
Comprehensive Annual Financial Report
For the Year Ended December 31, 2020
CITY OF EVANSTON, ILLINOIS
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
For the Year Ended
December 31, 2020
Prepared by the Finance Division of the City Manager’s Office
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-xiii
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
Statement of Revenues, Expenses, and
Changes in Fund Net Position ................................................................. 15
Statement of Cash Flows ........................................................................... 16-17
Fiduciary Funds
Statement of Fiduciary Net Position .......................................................... 18
Statement of Changes in Fiduciary Net Position ....................................... 19
Notes to Financial Statements ............................................................................. 20-79
Required Supplementary Information
Schedule of Changes in the Employer’s Total OPEB Liability
and Related Ratios
Other Postemployment Benefits Plan ................................................................. 80
Schedule of Employer Contribution
Illinois Municipal Retirement Fund ............................................................... 81
Police Pension Fund ....................................................................................... 82
Firefighters' Pension Fund .............................................................................. 83
Schedule of Changes in the Employer’s Net Pension Liability
and Related Ratios
Illinois Municipal Retirement Fund ................................................................ 84-85
Police Pension Fund ....................................................................................... 86-87
Firefighters’ Pension Fund ............................................................................. 88-89
Schedule of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual - General Fund .................................................................... 90
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 ....................................................................................... 91
Firefighters’ Pension Fund ............................................................................. 92
Notes to Required Supplementary Information .................................................. 93
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES
MAJOR GOVERNMENTAL FUNDS
Schedule of Revenues - Budget and Actual - General Fund ............................... 94-97
Schedule of Expenditures - Budget and Actual - General Fund ......................... 98
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
General Obligation Debt Fund ....................................................................... 99
NONMAJOR GOVERNMENTAL FUNDS
Combining Balance Sheet ................................................................................... 100-103
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances .......................................................................... 104-107
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Motor Fuel Tax Fund ...................................................................................... 108
Emergency Telephone System Fund .............................................................. 109
Neighborhood Improvement Fund ................................................................. 110
Affordable Housing Fund ............................................................................... 111
HOME Fund ................................................................................................... 112
Community Development Block Grant Fund ................................................. 113
Schedule of Expenditures - Budget and Actual (Budgetary Basis)
Community Development Block Grant Fund ................................................. 114-115
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Community Development Loan Fund ............................................................ 116
Special Service District No. 9 Fund ............................................................... 117
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
Reparations Fund ............................................................................................ 118
Good Neighbor Fund ...................................................................................... 119
General Assistance Fund ................................................................................ 120
Capital Improvements Fund ........................................................................... 121
Crown Construction Fund .............................................................................. 122
Crown Maintenance Fund .............................................................................. 123
Special Assessment Capital Projects Fund ..................................................... 124
Combining Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual - Debt Service Funds ............ 125-127
ENTERPRISE FUNDS
Water Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
Budget and Actual ........................................................................................ 128
Water Fund - Operation and Maintenance Account
Schedule of Operating Revenues - Budget and Actual .................................. 129
INTERNAL SERVICE FUNDS
Combining Statement of Net Position ................................................................. 130
Combining Statement of Revenues, Expenses, and
Changes in Net Position .................................................................................... 131
Combining Statement of Cash Flows .................................................................. 132
COMPONENT UNIT - PUBLIC LIBRARY
All Governmental Funds
Combining Balance Sheet/Statement of Net Position .................................... 133-134
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances/Statement of Activities ...................................... 135-136
CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES (Continued)
COMPONENT UNIT - PUBLIC LIBRARY (Continued)
Major Governmental Funds
Library Operating Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual .......................................................... 137
STATISTICAL SECTION
Net Position by Component .......................................................................................... 138-139
Changes in Net Position ................................................................................................ 140-143
Fund Balances, Governmental Funds ........................................................................... 144-145
Changes in Fund Balances, Governmental Funds ........................................................ 146-147
Equalized Assessed Value and Actual Value of Taxable Property .............................. 148
Principal Property Taxpayers ........................................................................................ 149
Property Tax Levies and Collections ............................................................................ 150
Ratios of General Bonded Debt Outstanding ................................................................ 151
Ratios of Outstanding Debt by Type ............................................................................ 152
Direct and Overlapping Governmental Activities Debt ................................................ 153
Legal Debt Margin ........................................................................................................ 154
Pledged-Revenue Coverage .......................................................................................... 155
Demographic and Economic Statistics ......................................................................... 156
Principal Employers ...................................................................................................... 157
Full-Time Equivalent City Government Employees by Function ................................ 158
Property Tax Rates per $100 - Direct and Overlapping Governments ......................... 159
Water Sold by Type of Customer (in 100 cubic feet) ................................................... 160
Water Sold by Major Customers................................................................................... 161
Operating Indicators by Function/Program .................................................................. 162
Capital Assets Statistics by Function ............................................................................ 163
COMPLIANCE SECTION
INDEPENDENT ACCOUNTANT’S REPORT ON COMPLIANCE
WITH STATE OF ILLINOIS PUBLIC ACT 85-1142 .............................................. 164
INTRODUCTORY SECTION
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CITY OF EVANSTON
Principal Officials
December 31, 2020
______________________________________________________________________
LEGISLATIVE
Stephen H. Hagerty, Mayor
Judy Fiske 1st Ward
Peter Braithwaite 2nd Ward
Melissa A. Wynne 3rd Ward
Donald N. Wilson 4th Ward
Robin Rue Simmons 5th Ward
Thomas M. Suffredin 6th Ward
Eleanor Revelle 7th Ward
Ann Rainey 8th Ward
Cicely L. Fleming 9th Ward
Devon Reid, City Clerk
EXECUTIVE
Erika Storlie, City Manager
Kimberly Richardson, Deputy City Manager
Hitesh Desai, CFO / Treasurer
ADMINISTRATIVE
Interim Administrative Services Director Corporation Counsel
Luke Stowe
Health and Human Services Director
Ikenga Ogbo
Community Development Director
Johanna Leonard
Parks, Recreation, & Community
Services Director
Lawrence Hemingway
Kelley Gandurski
Public Works Agency Director
Dave Stoneback
Police Chief
Demitrous Cook
Fire Chief
Brian Scott
Library Director
Karen Danczak Lyons
City of Evanston
Organizational Chart
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Residents
Mayor
City Council
City Clerk
Police
Fire Community
Development
Public Works
Agency
Health and
Human
Services
Parks, Recreation
& Community
Services
Law
Administrative
Services
City Manager Assistant City
Manager
CFO/City
Treasurer
Boards and
Commissions
Library
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Evanston
Illinois
For its Comprehensive Annual
Financial Report
For the Fiscal Year Ended
December 31, 2019
Executive Director/CEO
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City Manager’s Office
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June 28, 2021
The Honorable Mayor Stephen H. Hagerty,
Members of the City Council
City of Evanston, Illinois
INTRODUCTION
The Comprehensive Annual Financial Report (Annual Report) of the City of Evanston
(City) for the fiscal year ended December 31, 2020, is hereby submitted. The Annual
report 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, 2020, to December 31, 2020. 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
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structure and compliance with applicable laws and regulations, is to be presented in a
separate single audit report.
The attached 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 May 1, 2014 , the City of Evanston assumed
all the responsibility of providing the services that were previously provided by the
Township. Audits after 2014 include the functions of the Township.
Library activity numbers are shown separately as a discrete component unit based on an
ordinance passed by the City Council on March 10, 2012 giving the 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, 2020, 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 statement 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, 2020, 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.
Evanston has apartments, condominiums, and student housing; its residents are
commuters and locally employed workers; its downtown is prospering, and neighborhood
commercial centers are also stable. 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
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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 boundary 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. Each Alderman 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 th e City’s 10 departments.
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.
Schools are provided by separate school districts which are governed by elected school
boards. A portion of the City is served by the Ridgeville Park District. Wastewater
treatment is provided by the Metropolitan Water Reclamation District.
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Budget Process: The City’s fiscal year 2021 began on January 1, 2021. The City
Manager submitted to the City Council a proposed operating budget in October 2020 for
the fiscal year 2021 commencing the following January 1. The City budget team started
the budget process for fiscal year 2021 in late summer followed by meeting with all
departments for their individual budgets. On November 23, 2020, the Council adopted the
ordinance 110-O-20 approving the FY 2021 budget. The City operates under the Illinois
Budget Act, adopting a budget by an ordinance. All Funds are included in the Ordinance.
The City is committed to long-term financial planning. The City closely monitors factors
that contribute to long-term financial stability, including, bond ratings, debt ratios, and
equalized assessed valuation. The City is also pursuing strategies to expand the City's
revenue base and diversify revenue sources.
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 governmen tal 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 budget ary basis
for comparison.
Fund Accounting: 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 2020, the City projected that
36.5% ($117.2 million-including transfers) of all City expenditures will occur in the General
Fund. Other major funds include the Capital Improvement, 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. Expenditures 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).
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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 Finance Department.
Disbursements are made by fund and only if expenditures are within the authorized
budget.
MAJOR INITIATIVES – FISCAL YEAR 2021
Following are annual goals and major initiatives by department as a part of budget
document preparation.
The City Manager’s Office: Continue to monitor the city’s response to COVID-19. ●
Continue to provide the community with timely, consistent COVID-19 information. ● Win
the GFOA Award for the 2021 Budget & 2020 Annual Report. ● Continue to monitor
citywide Amazon spending. ● Improve City website accessibility by providing staff with
plain language training. ● Collaborate with internal departments to create a stand -alone
RFQ template - review and revise Bid and RFP templates. ● Perform clean-up and
maintenance on 50% of Evanston’s outd oor public art pieces. ● Rebuild the Evanston’s
Arts Council in policy and membership, and to successfully onboard strong, capable
community members. ● Work with relevant departments and the Budget Office to develop
long term funding strategies for implementing CARP. Successfully support approval of
updating building and energy codes that set a standard for building electrification and
phasing out fossil infrastructure in buildings. ● Begin implementation of the provisions
listed in the Environmental Justice Resolution. ● Identify resources to complete the
climate risk and vulnerability assessment
The Law Department will: ● Work with City Council and staff to secure new economic and
community development opportunities. ● Continue to litigate a substantial majority of
cases in-house and seek to prevail at summary disposition or trial in litigation. ● Analyze
and evaluate the City’s purchasing contracts for all types of contracts.
The Administrative Services Department will: Focus on the timing of purchases/costs
across all divisions to further increase operational efficiency and reduce the potential for
delays and poor resource allocation. ● Continue to analyze internal service and
operational data through an equity lens. ● Continue citywide implementation a nd roll-out
of additional Google Apps. ● Develop software/programs/office set-ups to ensure more
efficient employees while working remotely. ● Continue to use online software systems
for learning management and performance management. ● Roll out state -mandated
annual sexual harassment training and ethics training. ● Implement new timekeeping
software system for more efficient payroll processes. ● Review alternative means to
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digitize maintenance and storage of HR documents. ● Continue to use an alternative
sustainable fuel source for City vehicles and increase the electric vehicle charging
program. ● Review and implementation of parking review study to be completed in 2021
(citations, fees and general areas that need improvement).
The Community Development Department will: Improve procedures for processing
building permits and contractor registrations. Start the review process for adoption of the
2021 edition of the International Code Council model codes . Work across transportation
and transit agencies within Evanston to maintain and grow a reliable, safe, accessible,
and active transportation network with affordable housing and market rate developers,
including the Housing Authority of Cook County, on housing projects to build new
affordable and mixed income housing in transit-oriented development (TOD) areas.
The Economic Development division is part of the City Manager’s Office. They will:
Strengthen community workforce development by coordinating disparate activities. ●
Design economic development strategies focused on community economic wellbeing and
sustainability. ● Coordinate with Community Development on improved built environment
as a strategy of retention and attraction, which works in harmony with the natural
environment. ● Provide targeted financial and technical support to Evanston businesses
and align Economic Development activities to expand workforce development in support
of CARP implementation.
The Police Department will: Develop relationships with other municipal governments
interested in the Evanston Police Department providing dispatch services on the
STARCOM radios system. Decommission the Police Department's legacy 470MHz T-
Band radio infrastructure. Research and evaluate the PACE scheduling software system
department-wide, with a goal of implementation by 2022. Ensure mandated training
required by State law, Illinois Police Training Board, and Illinois Attorney General,
especially crisis intervention training for all sworn personnel, and Human Services
Boards, and the Citizen Police Review Commission. Continue to reduce the cost of Police
vehicle purchases by downsizing the type of vehicles purchased. Implement a more
community-based policing strategy involving foot patrol units in the wars and problem -
solving methods in the patrol division.
The Fire Department will: Emergency Management will continue to play a pivotal role in
helping lead the City’s Crisis Management Team’s COVID-19 pandemic response using
the NIMS and the FEMA planning process in colla boration with local, county, state and
federal partners. ● The Department will present the City’s first ever Emergency
Preparedness Fair. ● Expanding our City’s Evanston Alerts Emergency Notification
System to incorporate Wireless Emergency Activations (WEA). ● All members will be
trained and re-certified in Advanced Cardiac Life Support (ACLS). ● The Department will
continue to work with Oakton Community College on implementing an apprenticeship
program aimed at preparing Evanston residents for a career in the fire service. ● The
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community engagement programs, Fire Explorer, ETHS Public Safety, Citizen CPR, and
Citizen Fire Academy will be offered through our Department members. ● The
Department will look to expand the ECHO (Evanston Community Health Outrea ch)
program with AMITA St. Francis Hospital and community stakeholders.
The Health and Human Services Department will: Continue to prioritize the response to
COVID-19 in the community including facilities housing high risk populations such as in
our long-term care facilities and congregate homes. • Continue to transition to regular
HHS operations while responding to COVID-19 related activities. • Conduct COVID-19
vaccination activities when the vaccines are made available. • Partner with Community
Action Advocates to increase visibility of social services support to vulnerable
populations. • Create a clearinghouse of data to better measure health equity
achievements. • Create a community cohort of Seeking Educational Equity and Diversity
(SEED) members. • Increase outreach and participants at the Rethink Your Drink
programs. • Develop the Evanston Project for Local Assessment of Needs (EPLAN) for
the State’s recertification of the Health and Human Services Department.
The Public Works Agency will: Complete construction on the Howard Street Corridor
Improvements project ● Begin construction on the Central Street Bridge Replacement
project ● Replace approximately 65 light fixtures in street light poles with new LED fixtures
in conformance with the Street Light Master Plan. ● Receive proposals and award a
contract for the Commercial, Business, Institutional and Multifamily Residential Buildings
Solid Waste Franchise Services.
The Parks, Recreation and Community Services will: Provide creative and innovative
programming to the community considering pandemic restrictions. ● Continue to increase
the overall number of participants in tennis and pickleball. ● Work collaboratively with D65
to provide pandemic safe recreational programming for youth that are e -learning ●
Provide more outdoor programming and events ● Maintain and encourage additional
partnerships with other recreational groups or individuals to further enhance and diversify
the programs available to residents at the Robert Crown Community Center. ● Execute
and implement cooperative agreements to offer running club programs. ● Work with IT to
improve communication equipment at the lakefront to improve radio communications. ●
By April 2021, develop and introduce a new facility use and allocation management
program for user groups and organizations that utilize our outdoor athletic fields. ● By
June 2022, the Special Recreation staff will create a program plan and budget for
providing winter/spring break camps or days out programs for Park School students. ●
Create more partnerships with community organizations to bring a wider variety of
programming to Levy participants both virtually and in pers on. ● Continue to provide
virtual programming to seniors that are not ready to re-enter the facility. ● Continue to
provide weekly communications regarding programming options, services offered, meal
pick up and updates. ● Rebuild and revive programming at Fleetwood-Jourdain Center
post pandemic. ● Create positive childhood experiences through programs and camps ●
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Anticipate the needs of the changing community and structure programming and facilities
accordingly.
Library operations are shown separately in the City’s 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.
FACTORS AFFECTING FINANCIAL CONDITION
The following are factors which could give a broader context to the financial information
contained in this Annual Report.
Local Economy: Since March 2020, the world has experienced a pandemic caused by
the novel coronavirus known as COVID-19. This crisis has deeply affected the City’s
priorities and operations. Since day one, employees across the organization have been
dedicated to fighting the virus, keeping our residents safe, and continuing to provide vital
City services in frequently changing circumstances. While City employees work harder
than ever during the pandemic, the City has experienced catastrophic losses in revenue
to fund operations. The revenue losses are due to a contraction of economic activity
because of the pandemic.
The City has taken many steps to mitigate the impact of revenue losses. Since March
2020, 12 full-time employees have been laid off, and the City Manager instituted a hiring
freeze for all vacant positions. This has led to about 50 vacant positions across all City
departments being held open in 2020, yielding savings of close to $4 million. Non-union
and AFSCME employees were also required to take 10 unpaid furlough days before
December 15, some of which were unpaid holidays for non-union employees. Fire
Department employees represented by IAFF have agreed to forgo general wage
increases for 2021 and 2022 in lieu of furlough days.
The City expects to receive approximately $5.5 million in grant funding related to the
COVID-19 response. These grants are given on a reimbursement basis. Most grants have
carried forward into 2021, and appropriate amounts are shown in the 2021 budget.
The city was also awarded $43.1 million under American Rescue Plan Act of 2021
(ARPA). The City received half of that money from the Department of Treasury in May
2021. . These funds can be used for eligible projects including supporting public health
expenditures, addressing negative economic impacts, providing premium pay for
essential workers, investing in Water, Sewer, and Broadband infrastructure.
For the 2021 Budget, the City focused on maintaining core services and ensuring the
continued health and safety of our residents. In September 2020, staff hosted four
2100 Ridge Avenue
Evanston, Illinois 60201-2798
T 847.328.2100
TTY 847.448 8064
www.cityofevanston.org
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community budget conversations, which gave residents an opportunity to share ideas and
concerns related to the 2021 budget. The feedback from these meetings can be found on
the City’s Budget webpage. Across all meetings, themes emerged related to the
importance of human and social services in the face of ongoing pandemic. Residents
stated concerns related to affordable housing, food security, support for small businesses,
and preventing future COVID-19 outbreaks.
Altogether, the City experienced around $10 million loss in General Fund revenues for
2020 and around $3.5 million loss in the Parking Fund.
As the economy continues to recover and pandemic-related restrictions are lifted, staff
anticipates revenue numbers to improve for the second half of 2021.
Some of the revenues which suffered the most in General Fund were sales Tax, Athletic
Tax, Hotel Tax, Parking Tax, Liquor Tax, and Motor Fuel Tax. The Parking Fund suffered
loss of revenue from parking meters and parking garages because of the contracted
economy.
Some revenues like Permit fees, Income Tax and Use Tax exceeded not only their 2020
budget numbers but also 2019 actual revenues.
Despite these adverse circumstances, The City ended FY2020 for General Fund
(including Human Services and Foreign Fire Insurance Funds ) with an operating surplus
of $2.8 million. Total revenues and expenditures (including transfers) are $116.6 million
and $113.8 respectively.
Overall, General Fund expenditures were at 95.5% of budgeted expenditures with
Community Development, Health Department and Police Department reporting less than
100% expenditures for FY 2020; while Fire department reporting slightly higher than
budgeted numbers.
2100 Ridge Avenue
Evanston, Illinois 60201-2798
T 847.328.2100
TTY 847.448 8064
www.cityofevanston.org
- xiii -
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, 201 9. 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.
A Certificate of Achievement is valid for a period of one year only. We believe that our
current comprehensive annual financial report continues to meet the Certificate of
Achievement Program's requirements, and we are submitting it to the GFOA to determine
its eligibility for another certificate.
In addition, the city also received the GFOA's Award for Distinguished Budget
Presentation for its annual 2020 budget. In order to qualify for the Distinguished Budget
Presentation Award, the government's budget document was judged to be proficient in
several categories, including policy documentation, financial planning, and organization.
The city has already applied for the GFOA Award for its annual 2021 budget.
We acknowledge the contributions and excellent work of Andy Villamin, Accounting
Manager and his staff in preparing the financial statements. Appreciation is also extended
to all other Finance Division and City Staff who contributed to the preparation of this
report. We also express gratitude to the Mayor’s Office and Members of City Council for
their interest and support in planning and conducting the City’s financial affairs.
Respectfully submitted,
_______________________________ _______________________________
Kimberly Richardson Hitesh Desai
Acting City Manager Chief Financial Officer/Treasurer
FINANCIAL SECTION
1415 West Diehl Road, Suite 400
Naperville, IL 60563
630.566.8400
INDEPENDENT AUDITOR’S REPORT
The Honorable Stephen H. Hagerty, 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, 2020, 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 . The financial statements of the
Evanston Public Library were not audited in accordance with Government Auditing Standards.
Those standards require that we plan and perform the audit to obtain reasonable 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.
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We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinions.
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, 20 20, 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
The Village adopted GASB Statement No. 83, Certain Asset Retirement Obligations, which
established standards for measuring and recognizing liabilities, deferred outflows of resources,
and expenses for asset retirement obligations; and modified certain disclosures in the notes to
financial statements. 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 financial reporting for placing the basic financial
statements in an appropriate operational, econom ic, 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 reconci ling such information directly
to the underlying accounting and other records used to prepare the basic financial statements or
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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 Governmental Auditing Standards, we have also issued our report dated
June 28, 2021 on our consideration of the City’s internal control over financial reporting and on
our tests of its 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 finan cial reporting or on compliance. That report is
an integral part of an audit performed in accordance with Governmental Auditing Standards in
considering the City’s internal control over financial reporting and compliance.
Naperville, Illinois
June 28, 2021
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GENERAL PURPOSE EXTERNAL
FINANCIAL STATEMENTS
MD&A 1
MANAGEMENT’S
DISCUSSION AND ANALYSIS
DECEMBER 31, 2020
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 iv of this report.
FINANCIAL HIGHLIGHTS
A. The City's net position increased by $1,313,808 from the prior fiscal year. The governmental net position
decreased by $1,701,295 or 1.5% from the prior period and the business-type activities net position
increased by $3,015,103 or 1.0% from the prior period.
B. The governmental activities revenue decreased by $2,410,000 or 1.7% from the prior period principally
due to decrease in capital grants and contributions. The expenses increased by $22,385,286 or 17.3%
principally due to an increase in public safety related expenses.
C. The business-type activities revenue increased by $2,670,494 or 5.9% principally due to increase in
charges for services. The expenses increased by $669,173 or 2.0% from the prior period.
D. The total cost of all City programs increased by $23,054,459 or 14.13%. This increase was mainly
attributable to an increase in public safety related expenses.
E. Total assets of the City increased by$21,321,743 mainly due to increase in capital assets; while total
liabilities went down by $28,417,675 due to decrease in pension liabilities.
F. Deferred outflows and inflows resources of the city had a net deferred inflows increase of $21,262,935
principally due to increase in the business-type net deferred inflows.
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 discretely presented
component unit beginning in 2013.
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 Services 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 financial 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 desig n 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, revenues 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, solid waste services, 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.
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 garage s 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 - 17 of this report.
Fiduciary funds such as the Police and Firefighter's pension plans are reported in the fiduciary f und 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 18 - 19 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 20 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 81 – 94 of this report.
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 95. Additional information on capital assets and long-term
debt can be found on page 37 and 45, respectively.
Financial Analysis of the City as a Whole
The City's combined net position increased by $1,313,808 from $185,539,106, as restated, to $186,852,914.
STATEMENT OF POSITION
The City's total revenues increased by $ 260,094 or 0.1%. The City's total expenses for all programs increased
by $23,054,458or 14.1%. Business-type activity revenues increased by $2,670,494 in the current fiscal period
mainly due to increase in charges for services. Business-type activity expenses increased by $669,172, while
Governmental activity expense increased by $22,385,286 due to higher cost in public safety. The list of
expenses can be found in the table below.
The governmental activities experienced a decrease of $1,701,295in the net position balance. This is
principally due to increased cost in public safety.
The business-type activities experienced an increase of $3,015,103 in the net position balance primarily due to
the combined net operating surplus in the Water, Sewer and Solid Waste Funds in the amount of $8,985,869;
offset by a decrease in Parking Fund of $5,970,766.
2020 2019 2020 2019 2020 2019
(as restated)(as restated)
Current and Other Assets 123,129,061$ 124,680,604 27,224,987 18,587,294 150,354,048 143,267,898
Capital Assets 226,632,064 218,657,844 366,557,958 360,296,585 593,190,022 578,954,429
Total Assets 349,761,125 343,338,448 393,782,945 378,883,879 743,544,070 722,222,327
Deferred Outflows 32,729,995 57,763,934 5,403,237 4,841,293 38,133,232 62,605,227
382,491,120 401,102,382 399,186,182 383,725,172 781,677,302 784,827,554
Long-Term Liabilities 394,073,575 426,077,198 89,264,447 77,548,599 483,338,022 503,625,797
Other Liabilities 12,499,556 20,888,736 5,134,084 4,874,804 17,633,640 25,763,540
Total Liabilities 406,573,131 446,965,934 94,398,531 82,423,403 500,971,662 529,389,337
Deferred Inflows 89,946,052 66,248,216 4,121,674 2,395,895 94,067,726 68,644,111
Total Liabilities and
Deferred Inflows 496,519,183 513,214,150 98,520,205 84,819,298 595,039,388 598,033,448
Net Investment in
Capital Assets 65,388,067 53,783,908 284,515,854 289,022,749 349,903,921 342,806,657
Restricted 19,843,337 15,555,267 - - 19,843,337 15,555,267
Unrestricted (Deficit)(199,044,467) (181,450,943) 16,150,123 9,883,125 (182,894,344) (171,567,818)
Restatement - - - (1,255,000) - (1,255,000)
Total Net Position (113,813,063)$ (112,111,768) 300,665,977 297,650,874 186,852,914 185,539,106
Governmental Activities Business-type Activities Total Primary Government
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
2020 2019 2020 2019 2020 2019
Revenue
Program Revenues:
Charges for services 24,297,935$ 25,803,631 46,083,874 43,876,455 70,381,809 69,680,086
Operating grants and
contributions 9,671,509 5,775,144 - - 9,671,509 5,775,144
Capital grants and
contributions 2,971,261 8,630,229 382,670 - 3,353,931 8,630,229
General Revenues:
Sales taxes 16,444,775 16,905,373 - - 16,444,775 16,905,373
Property taxes 51,655,091 44,162,966 1,332,500 820,000 52,987,591 44,982,966
Utility taxes 5,856,287 6,372,647 - - 5,856,287 6,372,647
Income taxes 8,202,429 7,991,868 - - 8,202,429 7,991,868
Other 20,064,954 24,685,909 - 7,412 20,064,954 24,693,321
Investment income 422,559 1,669,433 139,878 564,561 562,437 2,233,994
Total Revenue 139,586,800 141,997,200 47,938,922 45,268,428 187,525,722 187,265,628
Expenses
General management and
support 18,629,851 19,444,079 - - 18,629,851 19,444,079
Public safety 83,014,656 56,755,452 - - 83,014,656 56,755,452
Public works 18,572,687 26,584,419 - - 18,572,687 26,584,419
Health and human
resources development 3,718,980 2,895,010 - - 3,718,980 2,895,010
Recreation and cultural
opportunities 1,325,788 11,081,641 - - 1,325,788 11,081,641
Housing and economic
development 20,992,355 6,907,087 - - 20,992,355 6,907,087
Interest 5,252,475 5,453,818 - - 5,252,475 5,453,818
Water - - 13,612,333 12,879,721 13,612,333 12,879,721
Sewer - - 6,794,936 6,492,039 6,794,936 6,492,039
Solid Waste - - 5,315,941 5,078,507 5,315,941 5,078,507
Motor vehicle parking
system - - 8,981,912 9,585,683 8,981,912 9,585,683
Total Expense 151,506,792 129,121,506 34,705,122 34,035,950 186,211,914 163,157,456
Increase (decrease) in net
position before transfers (11,919,992) 12,875,694 13,233,800 11,232,478 1,313,808 24,108,172
Transfers 10,218,697 8,203,268 (10,218,697) (8,203,268) - -
Increase/(Decrease) in
Net Position (1,701,295) 21,078,962 3,015,103 3,029,210 1,313,808 24,108,172
Net Position - Beginning (112,111,768) (133,190,730) 298,905,874 295,876,664 186,794,106 162,685,934
Change in accounting principle - - (1,255,000) - (1,255,000) -
Net Position - Beginning, Restated (112,111,768) (133,190,730) 297,650,874 295,876,664 185,539,106 162,685,934
Net Position - Ending (113,813,063)$ (112,111,768) 300,665,977 298,905,874 186,852,914 186,794,106
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
$51,240,691 as of December 31, 2020 which includes $219,606 non-spendable, $19,455,992 restricted,
$14,897,643 assigned and $16,667,450 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 s tatement 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 an increase of $2,785,065 with actual revenue of $107,176,131
and expenses of $110,881,627. The City reported an increase in fund balance mainly due to net transfers from
other funds.
Starting FY 2016 the Police and Fire pension employer contributions were included in the Adopted Budget
documents. These had previously been reported in a separate fund. So now, Property tax and Personal Property
Replacement Taxes are included in the General Fund and then transferred to the respective pension funds.
The fund balance of the General Obligation Debt Fund had an increase of $304,028 from $417,431 to $721,459.
Combined Nonmajor Governmental Funds
Combined nonmajor fund balances totaled $31,844,268, a decrease of $3,751,467 from prior period of
$35,595,735 (after reclassification of Crown Capital Fund). Non-major funds with surpluses for the fiscal year
include Motor Fuel, Home Fund, Emergency Telephone System, Good Neighbor, Reparations, Chicago Main
TIF, SSD #9, General Assistance, Dempster Dodge TIF, Howard Ridge TIF, West Evanston TIF, SSD #4,
SSD #7, SSD #8 and Crown Community Center.Nonmajor funds with deficits for the period include
Neighborhood Improvement, Affordable Housing, Community Development Block Grant, Community
Development Loan, SSD #6 and Capital Improvements, Crown Capital and Special Assessment.
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 net increase of $3,015,103 in the net position. The Water Fund reported the highest increase
in the amount of $5,593,682. This increase is mainly due to the settlement of the water rate issue with Skokie.
The Solid Waste Fund added $634,931 to the net position during the year. The Sewer Fund reported an increase
of $2,757,256, while Parking Fund reported a decrease of $5,970,766. It should also be noted that the Water
and Sewer Funds carry substantial debt levels, although Parking and Solid Waste Funds have lesser debts.
Internal Service Funds
The City's combined internal service fund’s net position increased by $3,175,175 from a deficit of $3,427,939,
as of January 1, 2020 to a net deficit of $252,764 as of December 31, 2020. The decrease in net deficit can be
attributed to net revenue of $3,129,410 in the Insurance Fund mainly due to reduction in claim settlements
coupled with transfers from other funds.
General Fund Budgetary Highlights
Total budgetary basis revenues for the General Fund were $107,176,131 while total expenditures were
$110,881,627. Overall General Fund revenue came in lower than budget by $5,094,273. Total expenditures in
the General Fund were lower than budgeted amounts by $7,350,575. The actual net deficiency of 3,705,496
was offset by $6,490,561 in net transfers to the General Fund from other funds.
Capital Assets
The City’s Capital Asset policy generally includes capitalizing assets or properties with $20,000 or more in
value (with the exception of vehicles to the $20,000 threshold). The City's capital assets (net of depreciation)
for governmental and business-type activities as of December 31, 2020, were $593,190,022. The governmental
funds capital assets had a net increase of $7,974,220, while business type capital assets increased by
$6,261,373. Overall, capital assets increased by 2.5% for the City as a whole. The net increase in 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, 2020, the City had outstanding total general obligation bonded debt of $185,791,070 of
which $35,903,953 was for business type activities to be paid for by the City's Water, Solid Waste and Sewer
Funds. Overall general obligation bonded debt represents a $2,227,653 increase from 2019. The City's general
obligation debt service principal payments for 2020 totaled $11,277,351. During the current year, the City
issued $27,960,000 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
7 in the Notes to the Financial Statements.
Bond Ratings
The City's 2020 General obligation bonds are rated AA (stable outlook) by S&P and AA+ by Fitch Ratings.
MD&A 8
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.
Local Economy: Since March 2020, the world has experienced a pandemic caused by the novel coronavirus
known as COVID-19. This crisis has deeply affected the City’s priorities and operations. Since day one,
employees across the organization have been dedicated to fighting the virus, keeping our residents safe, and
continuing to provide vital City services in frequently changing circumstances. While City employees work
harder than ever during the pandemic, the City has experienced catastrophic losses in revenue to fund
operations. The revenue losses are due to a contraction of economic activity because of the pandemic.
The city expects to receive approximately $4.5 million in grant funding related to COVID-19 response. These
grants are given on a reimbursement basis. Most grants have carried forward into 2021, and appropriate
amounts are shown in the 2021 budget.
Altogether, the City experienced around $10 million loss in General Fund revenues for 2020 and around $3.5
million loss in the Parking Fund. Some of the revenues which suffered the most were sales Tax, Athletic Tax,
Hotel Tax, Parking Tax, Liquor Tax, Motor Fuel Tax etc.in the General Fund. Parking Fund suffered the loss
of revenue from parking meters and parking garages because of the contracted economy.
Some of the revenues like Permit fees, Income Tax and Use Tax exceeded not only their 2020 budget numbers
but also 2019 actual revenues
Contacting the City's Financial Management
This financial report is designed to provide a general overview of the City's finances, comply with finance -
related laws and regulations, and demonstrate the City's commitment to public accountability. If you have
questions about this report or would like to request additional information, contact the City Manager’s Office,
Finance Division at the City of Evanston, 2100 Ridge Avenue, Evanston, Illinois 60201, Telephone 847-448-
8082, or access the website at www.cityofevanston.org.
BASIC FINANCIAL STATEMENTS
CITY OF EVANSTON, ILLINOIS
Statement of Net Position
December 31, 2020
Component Unit
Governmental Business-Type Evanston Public
Activities Activities Total Library
ASSETS
Cash and equivalents 30,159,541$ 16,449,477$ 46,609,018$ 9,389,721$
Investments 15,719,663 - 15,719,663 -
Receivables (net, where applicable, of
allowances for uncollectibles)
Property taxes 47,691,027 1,332,500 49,023,527 7,734,243
Utility taxes 642,025 - 642,025 -
Accounts - 10,668,316 10,668,316 -
Notes 200,000 199,000 399,000 -
Loans 8,268,718 - 8,268,718 -
Special assessments 534,032 - 534,032 -
Other 1,212,035 116,204 1,328,239 39,530
Due from other governments 8,119,534 - 8,119,534 -
Due from component unit 261,892 - 261,892 -
Internal balances 3,259,460 (3,259,460) - -
Inventories 1,601,988 898,658 2,500,646 -
Prepaid items 3,259,527 172,310 3,431,837 -
Net pension asset 2,414,619 647,982 3,062,601 357,499
Capital assets
Capital assets not being depreciated 40,405,297 7,637,024 48,042,321 311,380
Capital assets being depreciated, net 186,226,767 358,920,934 545,147,701 10,942,090
Total Assets 349,976,125 393,782,945 743,759,070 28,774,463
DEFERRED OUTFLOWS OF RESOURCES
Asset retirement obligations - 3,755,762 3,755,762 -
Pension items - Police 13,164,327 - 13,164,327 -
Pension items - Fire 9,989,183 - 9,989,183 -
Pension items - IMRF 5,268,102 1,413,737 6,681,839 779,974
OPEB items 4,308,383 233,738 4,542,121 77,792
Total Deferred Outflows of Resources 32,729,995 5,403,237 38,133,232 857,766
Total Assets and Deferred Outflows
of Resources 382,706,120 399,186,182 781,892,302 29,632,229
Primary Government
(This statement is continued on the following page.)
- 4 -
CITY OF EVANSTON, ILLINOIS
Statement of Net Position
December 31, 2020
Component Unit
Governmental Business-Type Evanston Public
Activities Activities Total Library
LIABILITIES
Vouchers payable 7,932,806$ 4,799,263$ 12,732,069$ 117,928$
Retainage payable - 29,550 29,550 -
Deposits payable - 1,362 1,362 -
Accrued payroll 3,122,598 - 3,122,598 -
Accrued interest 614,684 303,909 918,593 13,409
Due to other governments 770,279 - 770,279 -
Due to primary government - - - 261,892
Due to fiduciary fund 59,189 - 59,189 -
Unearned revenue - - - -
Noncurrent liabilities
Due within one year 13,329,264 6,731,262 20,060,526 335,491
Due in more than one year 380,744,311 82,533,185 463,277,496 7,275,705
Total Liabilities 406,573,131 94,398,531 500,971,662 8,004,425
DEFERRED INFLOWS OF RESOURCES
Pension items - Police Pension 18,095,147 - 18,095,147 -
Pension items - Fire Pension 11,154,371 - 11,154,371 -
Pension items - IMRF 9,727,187 2,610,367 12,337,554 1,440,168
OPEB items 3,295,880 178,807 3,474,687 59,510
Property taxes levied for future periods 47,673,467 1,332,500 49,005,967 7,734,243
Total Deferred Inflows of Resources 89,946,052 4,121,674 94,067,726 9,233,921
Total Liabilities and Deferred Inflows
of Resources 496,519,183 98,520,205 595,039,388 17,238,346
NET POSITION (DEFICIT)
Net investment in capital assets 65,388,067 284,515,854 349,903,921 4,774,948
Restricted for
Highway maintenance 3,962,742 - 3,962,742 -
Emergency telephone system 1,389,630 - 1,389,630 -
HUD approved projects 273,213 - 273,213 -
Neighborhood improvements 6,870,188 - 6,870,188 -
Reparations 218,142 218,142 -
Capital improvements 350,818 - 350,818 968,549
Debt service 6,389,067 - 6,389,067 1,145
General assistance 389,537 - 389,537 -
Endowment - - - 4,869,488
Unrestricted (199,044,467) 16,150,123 (182,894,344) 1,779,753
Total Net Position (Deficit)(113,813,063)$ 300,665,977$ 186,852,914$ 12,393,883$
Primary Government
See accompanying notes to financial statements.
- 5 -
CITY OF EVANSTON, ILLINOIS
Statement of Activities
For the Fiscal Year Ended December 31, 2020
Operating Capital
FUNCTIONS/PROGRAMS Charges for Grants and Grants and
PRIMARY GOVERNMENT Expenses Services Contributions Contributions
Governmental Activities
General management and support 18,629,848$ 7,266,730$ 937,422$ -$
Public safety 83,014,656 4,919,831 1,200,373 -
Public works 18,572,687 45,687 4,351,696 2,312,500
Health and human resource development 3,718,980 258,837 466,474 -
Recreational and cultural opportunities 1,325,788 4,831,254 217,364 -
Housing and economic development 20,992,355 6,975,596 2,498,180 658,761
Interest 5,252,478 - - -
Total Governmental Activities 151,506,792 24,297,935 9,671,509 2,971,261
Business-Type Activities
Water 13,612,333 23,934,080 - -
Sewer 6,794,936 10,242,066 - 382,670
Solid waste 5,315,941 4,618,372 - -
Motor vehicles parking system 8,981,912 7,289,356 - -
Total Business-Type Activities 34,705,122 46,083,874 - 382,670
Total Primary Government 186,211,914$ 70,381,809$ 9,671,509$ 3,353,931$
Evanston Public Library
Community services 8,628,336$ 63,679$ 611,659$ -$
Interest 189,427 - - -
Total Evanston Public Library 8,817,763$ 63,679$ 611,659$ -$
Program Revenues
- 6 -
Component
Unit
Total Evanston
Governmental Business-Type Primary Public
Activities Activities Government Library
(10,425,696)$ -$ (10,425,696)$ -$
(76,894,452) - (76,894,452) -
(11,862,804) - (11,862,804) -
(2,993,669) - (2,993,669) -
3,722,830 - 3,722,830 -
(10,859,818) - (10,859,818) -
(5,252,478) - (5,252,478) -
(114,566,087) - (114,566,087) -
- 10,321,747 10,321,747 -
- 3,829,800 3,829,800 -
- (697,569) (697,569) -
- (1,692,556) (1,692,556) -
- 11,761,422 11,761,422 -
(114,566,087) 11,761,422 (102,804,665) -
- - - (7,952,998)
- - - (189,427)
- - - (8,142,425)
General Revenues
Taxes
Property tax 51,655,091 1,332,500 52,987,591 7,749,036
Other taxes 6,796,543 - 6,796,543 -
Personal property replacement taxes 1,500,129 - 1,500,129 -
Sales and home rule tax 16,444,775 - 16,444,775 -
Utility tax 5,856,287 - 5,856,287 -
Liquor tax 2,878,922 - 2,878,922 -
Parking tax 2,423,938 - 2,423,938 -
Real estate transfer tax 3,251,428 - 3,251,428 -
Income tax 8,202,429 - 8,202,429 -
Investment income 422,559 139,878 562,437 680,905
Gain on sale of capital assets - - - -
Miscellaneous 3,213,994 - 3,213,994 92,998
Transfers 10,218,697 (10,218,697) - -
Total 112,864,792 (8,746,319) 104,118,473 8,522,939
Change in Net Position (1,701,295) 3,015,103 1,313,808 380,514
Net Position (Deficit), January 1 (112,111,768) 298,905,874 186,794,106 12,013,369
Change in accounting principle - (1,255,000) (1,255,000) -
Net Position (Deficit), January 1, Restated (112,111,768) 297,650,874 185,539,106 12,013,369
Net Position (Deficit), December 31 (113,813,063)$ 300,665,977$ 186,852,914$ 12,393,883$
Net (Expense) Revenue and Change in Net Position
Primary Government
See accompanying notes to financial statements.
- 7 -
General Nonmajor Total
Obligation Governmental Governmental
General Debt Service Funds Funds
Cash and equivalents 12,936,503$ -$ 15,591,748$ 28,528,251$
Investments 698,440 1,277,044 13,744,179 15,719,663
Receivables
Property taxes 31,408,539 13,936,264 2,346,224 47,691,027
Utility 642,025 - - 642,025
Notes 200,000 - - 200,000
Loans - - 8,268,718 8,268,718
Special assessments - - 534,032 534,032
Other 1,141,203 - 4,282 1,145,485
Due from other governments 6,937,382 - 1,182,152 8,119,534
Due from component unit 261,892 - - 261,892
Due from other funds 5,833,888 - 3,480,514 9,314,402
Advances to other funds - - 4,000,000 4,000,000
Inventories 19,606 - - 19,606
Total Assets 60,079,478$ 15,213,308$ 49,151,849$ 124,444,635$
ASSETS
December 31, 2020
CITY OF EVANSTON, ILLINOIS
Balance Sheet
Governmental Funds
(This statement is continued on the following page.)
- 8 -
General Nonmajor Total
Obligation Governmental Governmental
General Debt Service Funds Funds
LIABILITIES
Vouchers payable 2,184,536$ -$ 5,493,735$ 7,678,271$
Accrued payroll 3,122,598 - - 3,122,598
Due to other governments 629,652 - 140,627 770,279
Due to other funds - 555,586 541,804 1,097,390
Due to fiduciary funds 59,189 - - 59,189
Advances from other funds 4,000,000 - - 4,000,000
Total Liabilities 9,995,975 555,586 6,176,166 16,727,727
DEFERRED INFLOWS OF RESOURCES
Long-term loans - - 8,802,750 8,802,750
Property taxes levied for future periods 31,408,539 13,936,263 2,328,665 47,673,467
Total Deferred Inflows of Resources 31,408,539 13,936,263 11,131,415 56,476,217
Total Liabilities and Deferred Inflows
of Resources 41,404,514 14,491,849 17,307,581 73,203,944
FUND BALANCES
Nonspendable
Notes 200,000 - - 200,000
Inventory 19,606 - - 19,606
Restricted
Highway maintenance - - 3,962,742 3,962,742
Emergency telephone system - - 1,389,630 1,389,630
HUD approved projects - - 273,213 273,213
Neighborhood improvements - - 6,482,843 6,482,843
Reparations - - 218,142 218,142
Debt service - 721,459 5,667,608 6,389,067
General Assistance - - 389,537 389,537
Capital improvements - - 350,818 350,818
Assigned
Capital improvements - 13,324,395 13,324,395
Other 1,573,248 - - 1,573,248
Unassigned 16,882,110 - (214,660) 16,667,450
Total Fund Balances 18,674,964 721,459 31,844,268 51,240,691
Total Liabilities, Inflows of Resources,
and Fund Balances 60,079,478$ 15,213,308$ 49,151,849$ 124,444,635$
December 31, 2020
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 51,240,691$
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 226,632,064$
Less internal service fund portion 7,607,700 219,024,364
Total OPEB liability payable is not due and payable in the current period and,
therefore, is not reported in the governmental funds (20,877,864)
Interest payable is not due and payable in the current period and, therefore,
not reported in the governmental funds (614,684)
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
Total governmental general obligation bonds payable (149,887,117)$
Less internal service fund portion (660,000) (149,227,117)
Bonds premium liability (11,356,880)
Compensated absences payable (11,005,956)
Net pension liability (asset) is shown as a liability (asset) on the statement
of net position
Illinois Municipal Retirement Fund 2,414,619
Police Pension Fund (101,621,116)
Firefighters' Pension Fund (90,789,910)
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 (4,459,085)
Police Pension Fund (4,930,820)
Firefighters' Pension Fund (1,165,188)
OPEB 1,005,897
Deferred inflows for long-term loans are not a available and, therefore, not
revenue in fund financial statements 8,802,750
The net position of the internal service fund is included in the governmental
activities on the statement of net position (252,764)
Net Position of Governmental Funds (113,813,063)$
December 31, 2020
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 61,844,183$ 12,814,109$ 7,908,639$ 82,566,931$
Licenses and permits 11,852,700 - - 11,852,700
Special assessments - - 185,074 185,074
Intergovernmental 20,623,159 - 6,969,264 27,592,423
Charges for services 7,878,650 - - 7,878,650
Fines and forfeits 2,982,548 - - 2,982,548
Investment income 69,081 24,864 328,614 422,559
Miscellaneous 1,925,810 - 4,180,105 6,105,915
Total Revenues 107,176,131 12,838,973 19,571,696 139,586,800
Expenditures
Current
General management and support 17,519,219 41 1,247,714 18,766,974
Public safety 65,564,462 - 1,405,489 66,969,951
Public works 11,566,570 - 7,220,083 18,786,653
Health and human resource development 3,749,232 - - 3,749,232
Recreational and cultural opportunities 9,351,125 - - 9,351,125
Housing and economic development 3,131,019 - 5,911,625 9,042,644
Capital outlay - - 12,389,420 12,389,420
Debt service
Principal - 9,987,933 - 9,987,933
Interest - 5,643,147 - 5,643,147
Fiscal charges - 133,766 79,935 213,701
Total Expenditures 110,881,627 15,764,887 28,254,266 154,900,780
Excess (Deficiency) of Revenues
Over Expenditures (3,705,496) (2,925,914) (8,682,570) (15,313,980)
Other Financing Sources (Uses)
Issuance of bonds - 10,092,495 6,105,000 16,197,495
Premium on bonds issued - 1,961,790 417,020 2,378,810
Payment to escrow agent - (12,143,396) - (12,143,396)
Transfers in 9,369,103 3,319,053 2,945,000 15,633,156
Transfers (out)(2,878,542) - (4,535,917) (7,414,459)
Total Other Financing Sources (Uses)6,490,561 3,229,942 4,931,103 14,651,606
Net Change in Fund Balances 2,785,065 304,028 (3,751,467) (662,374)
Fund Balances, January 1 15,889,899 417,431 35,595,735 51,903,065
Fund Balances, December 31 18,674,964$ 721,459$ 31,844,268$ 51,240,691$
CITY OF EVANSTON, ILLINOIS
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended December 31, 2020
See accompanying notes to financial statements.
- 11 -
Net Change in Fund Balances -
Total Governmental Funds (662,374)$
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 17,791,438
Some expenses in the statement of net position (e.g., depreciation) do not require the use of
current financial resources and, therefore, are not reported as expenditures in governmental funds
Depreciation (10,280,182)
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
Issuance of general obligation bonds (16,193,881)
Premium on bond issuance (2,378,810)
Payment to escrow agent 11,933,496
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 9,987,933
The amortization of premium on long-term debt is reported as a reduction of interest expense
on the statement of activities 941,200
Changes in total other postemployment benefits obligations are reported only in the statement
of activities (232,294)
The change in compensated absences payable is shown as an expense on the statement of activities (1,474,594)
The change in the accrual of interest is reported as interest expense on the statement of activities (126,930)
The change in the net pension liability (asset) is reported only in the statement of activities
Illinois Municipal Retirement Fund 18,952,702
Police Pension Fund 8,025,470
Firefighters' Pension Fund 6,397,825
The change in deferred inflows and outflows of resources is reported only in the statement of
activities
Illinois Municipal Retirement Fund (18,182,586)
Police Pension Fund (19,297,182)
Firefighters' Pension Fund (9,999,554)
OPEB (465,492)
The change in deferred inflows for long-term loans is not an expense on the statement of activities 387,345
Internal service funds are reported separately in the fund financial statements 3,175,175
Change in Net Position of Governmental Activities (1,701,295)$
CITY OF EVANSTON, ILLINOIS
Reconciliation 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, 2020
See accompanying notes to financial statements.
- 12 -
CITY OF EVANSTON, ILLINOIS
Statement of Net Position
Proprietary Funds
December 31, 2020
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Current Assets
Cash and cash equivalents 11,982,201$ 2,081,491$ -$ 2,385,785$ 16,449,477$ 1,631,290$
Receivables
Property taxes - - 1,332,500 - 1,332,500 -
Accounts - water and sewerage charges
Accounts - billed 6,750,299 212,040 172,330 - 7,134,669 -
Accounts - unbilled 1,313,451 1,550,323 669,873 - 3,533,647 -
Other 85,143 - 31,061 - 116,204 66,550
Inventories 776,880 121,778 - - 898,658 1,582,382
Prepaid items - - 172,310 - 172,310 3,259,527
Due from other funds - 1,662,516 - - 1,662,516 1,000,000
Total Current Assets 20,907,974 5,628,148 2,378,074 2,385,785 31,299,981 7,539,749
Noncurrent Assets
Capital assets
Capital assets not being depreciated 3,240,546 - - 4,396,478 7,637,024 -
Capital assets being depreciated 150,953,943 261,977,104 554,672 92,256,655 505,742,374 26,637,106
Accumulated depreciation (35,222,504) (71,234,611) (67,906) (40,296,419) (146,821,440) (19,029,406)
Total Capital Assets 118,971,985 190,742,493 486,766 56,356,714 366,557,958 7,607,700
Other assets
Net pension asset 372,463 87,775 82,802 104,942 647,982 -
Notes receivable - - - 199,000 199,000 -
Total Other Assets 372,463 87,775 82,802 303,942 846,982 -
Total Noncurrent Assets 119,344,448 190,830,268 569,568 56,660,656 367,404,940 7,607,700
Total Assets 140,252,422 196,458,416 2,947,642 59,046,441 398,704,921 15,147,449
Deferred Outflows of Resources
Asset retirement obligations 3,755,762 - - - 3,755,762 -
Pension items - IMRF 812,622 191,504 180,654 228,957 1,413,737 -
OPEB items 92,306 54,472 49,409 37,551 233,738 28,110
Total Deferred Outflows of Resources 4,660,690 245,976 230,063 266,508 5,403,237 28,110
Total Assets and Deferred
Outflows of Resources 144,913,112 196,704,392 3,177,705 59,312,949 404,108,158 15,175,559
(This statement is continued on the following page.)
- 13 -
CITY OF EVANSTON, ILLINOIS
Statement of Net Position
Proprietary Funds
December 31, 2020
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Current Liabilities
Vouchers payable 4,558,867$ 136,164$ -$ 104,232$ 4,799,263$ 254,535$
Retainage payable 29,550 - - - 29,550 -
Deposits payable 486 184 692 - 1,362 -
Interest payable - restricted 151,414 140,851 - 11,644 303,909 -
Notes payable - IEPA 1,012,135 4,325,673 - - 5,337,808 -
Current portion of GO bonds payable 927,816 218,690 - - 1,146,506 -
Current portion of total OPEB liability 18,492 10,912 9,898 7,522 46,824 15,584
Claims payable - - - - - 915,250
Due to other funds 2,544,589 - 804,514 1,572,873 4,921,976 5,957,552
Compensated absences payable 128,749 24,358 18,239 28,778 200,124 28,624
Total Current Liabilities 9,372,098 4,856,832 833,343 1,725,049 16,787,322 7,171,545
Noncurrent Liabilities
Notes payable - IEPA 21,349,813 16,719,857 - - 38,069,670 -
General obligation bonds payable 31,794,827 4,173,535 - 1,519,758 37,488,120 660,000
Asset retirement obligations 5,081,625 - - - 5,081,625 -
Total OPEB liability 431,750 254,784 231,102 175,638 1,093,274 121,529
Claims payable - - - - - 7,339,250
Compensated absences payable 514,994 97,433 72,957 115,112 800,496 114,495
Total Long-Term Liabilities 59,173,009 21,245,609 304,059 1,810,508 82,533,185 8,235,274
Total Liabilities 68,545,107 26,102,441 1,137,402 3,535,557 99,320,507 15,406,819
Deferred Inflows of Resources
Pension items - IMRF 1,500,450 353,599 333,565 422,753 2,610,367 -
OPEB items 70,614 41,670 37,797 28,726 178,807 21,504
Deferred property taxes - - 1,332,500 - 1,332,500 -
Total Deferred Inflows of Resources 1,571,064 395,269 1,703,862 451,479 4,121,674 21,504
Total Liabilities and Deferred
Inflows of Resources 70,116,171 26,497,710 2,841,264 3,987,036 103,442,181 15,428,323
Net Position
Net investment in capital assets 63,887,394 165,304,738 486,766 54,836,956 284,515,854 6,947,700
Unrestricted 10,909,547 4,901,944 (150,325) 488,957 16,150,123 (7,200,464)
Total Net Position 74,796,941$ 170,206,682$ 336,441$ 55,325,913$ 300,665,977$ (252,764)$
See accompanying notes to financial statements.
- 14 -
CITY OF EVANSTON, ILLINOIS
Statement of Revenues, Expenses, and Changes in Fund Net Position
Proprietary Funds
For the Fiscal Year Ended December 31, 2020
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Operating Revenues
Charges for services 22,243,283$ 10,217,259$ 4,612,302$ 7,070,349$ 44,143,193$ 23,887,832$
Miscellaneous 1,690,797 24,807 6,070 219,007 1,940,681 70
Total Operating Revenues 23,934,080 10,242,066 4,618,372 7,289,356 46,083,874 23,887,902
Operating Expenses Excluding Depreciation
Administration 856,695 1,724,432 1,386,592 2,152,928 6,120,647 -
Operations 8,849,695 593,508 3,888,224 3,894,412 17,225,839 21,338,692
Total Operating Expenses Excluding Depreciation 9,706,390 2,317,940 5,274,816 6,047,340 23,346,486 21,338,692
Operating Income (Loss) Before Depreciation 14,227,690 7,924,126 (656,444) 1,242,016 22,737,388 2,549,210
Depreciation 2,865,860 3,773,557 41,125 2,899,593 9,580,135 1,532,788
Operating Income (Loss)11,361,830 4,150,569 (697,569) (1,657,577) 13,157,253 1,016,422
Non-Operating Revenue (Expenses)
Investment income 71,494 15,111 - 53,273 139,878 433
Property taxes - - 1,332,500 - 1,332,500 -
Interest expense (1,040,083) (703,439) - (34,979) (1,778,501) -
Gain (loss) on disposal of capital assets - - - - - 158,320
Total Non-Operating Revenues (Expenses)(968,589) (688,328) 1,332,500 18,294 (306,123) 158,753
Income (Loss) Before Transfers and Capital Contributions 10,393,241 3,462,241 634,931 (1,639,283) 12,851,130 1,175,175
Transfers and Contributions
Transfers in - - - 140,907 140,907 2,000,000
Transfers (out)(4,799,559) (1,087,655) - (4,472,390) (10,359,604) -
Capital Contributions - 382,670 - - 382,670 -
Total Transfers and Capital Contributions (4,799,559) (704,985) - (4,331,483) (9,836,027) 2,000,000
Net Income (Loss)5,593,682 2,757,256 634,931 (5,970,766) 3,015,103 3,175,175
Net Position (Deficit), January 1 70,458,259 167,449,426 (298,490) 61,296,679 298,905,874 (3,427,939)
Change in accounting principle (1,255,000) - - - (1,255,000) -
Net Position (Deficit), January 1, Restated 69,203,259 167,449,426 (298,490) 61,296,679 297,650,874 (3,427,939)
Net Position, December 31 74,796,941$ 170,206,682$ 336,441$ 55,325,913$ 300,665,977$ (252,764)$
See accompanying notes to financial statements.
- 15 -
CITY OF EVANSTON, ILLINOIS
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended December 31, 2020
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Cash Flows from Operating Activities
Receipts from customers and users 17,975,104$ 10,285,812$ 4,582,802$ 7,294,356$ 40,138,074$ 3,354,205$
Receipts from/(payments for)
interfund services provided 2,378,029 (1,030,861) (528,299) 1,181,953 2,000,822 18,705,048
Receipts from other agencies - - - - - 817,026
Payments to suppliers (8,849,316) (353,199) (3,763,344) (4,041,987) (17,007,846) (3,640,896)
Payments to employees (311,632) (1,349,489) (1,336,812) (1,813,962) (4,811,895) (3,715,922)
Payments for insurance premiums - - - - - (15,435,134)
Net Cash from Operating Activities 11,192,185 7,552,263 (1,045,653) 2,620,360 20,319,155 84,327
Cash Flows from Noncapital Financing Activities
Property taxes - - 1,332,500 - 1,332,500 -
Transfers in (out)(4,799,559) (704,985) - (4,331,483) (9,836,027) 2,000,000
Net Cash from Noncapital Financing Activities (4,799,559) (704,985) 1,332,500 (4,331,483) (8,503,527) 2,000,000
Cash Flows from Capital and Related Financing Activities
Sale of capital assets - - - - - 184,007
Acquisition and construction of capital assets (11,383,748) (2,951,456) (286,847) (335,618) (14,957,669) (2,021,439)
Proceeds from general obligation bonds 6,482,063 1,522,589 - 1,522,589 9,527,241 660,000
Proceeds from loans 7,756,627 - - - 7,756,627 -
Principal paid on general obligation bonds (1,046,544) (242,874) - - (1,289,418) -
Interest paid on general obligation bonds (1,113,324) (761,949) - (26,166) (1,901,439) -
Principal paid on IEPA loans (219,051) (4,821,649) - - (5,040,700) -
Net Cash from Capital and Related Financing Activities 476,023 (7,255,339) (286,847) 1,160,805 (5,905,358) (1,177,432)
Cash Flows from Investing Activities
Interest income 71,494 15,111 - 53,273 139,878 433
Net Cash from Investing Activities 71,494 15,111 - 53,273 139,878 433
Net Increase (Decrease) in Cash and Cash Equivalents 6,940,143 (392,950) - (497,045) 6,050,148 907,328
Cash and Cash Equivalents
Beginning 5,042,058 2,474,441 - 2,882,830 10,399,329 723,962
Ending 11,982,201$ 2,081,491$ -$ 2,385,785$ 16,449,477$ 1,631,290$
(This statement is continued on the following page.)
- 16 -
CITY OF EVANSTON, ILLINOIS
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended December 31, 2020
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Reconciliation of Operating Income (Loss) to Net Cash
from Operating Activities
Operating income (loss)11,361,830$ 4,150,569$ (697,569)$ (1,657,577)$ 13,157,253$ 1,016,422$
Adjustments to reconcile operating income (loss) to
net cash from operating activities
Depreciation 2,865,860 3,773,557 41,125 2,899,593 9,580,135 1,532,788
Changes in assets and liabilities
Accounts receivable (5,958,600) 43,746 (35,570) - (5,950,424) (1,066,550)
Notes receivable - - - 5,000 5,000 -
Interfund receivable 519,976 (474,427) - 1,692,136 1,737,685 -
Prepaid expenses - - - - - (1,028,055)
Inventories (73,182) 2,706 - - (70,476) (189,788)
Compensated absences 91,482 7,438 40,030 15,027 153,977 29,056
OPEB items 60,502 89,157 22,772 22,180 194,611 25,876
Pension items - IMRF (120,876) (28,209) (13,022) (48,907) (211,014) -
Deposits payable (376) - - - (376) -
Vouchers payable (169,883) (12,274) (197,482) (307,092) (686,731) (51,749)
Interfund payable 2,544,589 - (205,937) - 2,338,652 (1,011,623)
Deferred outflows - asset retirement obligations 70,863 - - - 70,863 -
Claims payable - - - - - 827,950
Net Cash from Operating Activities 11,192,185$ 7,552,263$ (1,045,653)$ 2,620,360$ 20,319,155$ 84,327$
Noncash investing, capital, and related
financing activities
Capital assets acquired through vouchers
and retainage payable 4,233,970$ 67,742$ -$ -$ 4,301,712$ -$
Capital contributions - 382,670 - - 382,670 -
Payment to Refunding Escrow Agent (2,087,056) (431,158) - - (2,518,214) -
Issuance of Refunding Bonds 2,110,969 436,098 - - 2,547,067 -
Issuance Costs on Refunding Bonds (23,913) (4,940) - - (28,853) -
Total noncash investing, capital, and related
financing activities 4,233,970$ 450,412$ -$ -$ 4,684,382$ -$
See accompanying notes to financial statements.
- 17 -
CITY OF EVANSTON, ILLINOIS
Statement of Fiduciary Net Position
Fiduciary Funds
December 31, 2020
Pension
Trust
Assets
Investments at fair value
Cash and cash equivalents 13,986,889$
U.S. Treasury obligations 20,637,048
U.S. agency obligations 25,043,336
Corporate bonds 31,691,233
Common stock 41,496,949
Equity mutual funds 124,801,842
Index funds -
Real estate 1,068,929
Prepaids 8,966
Receivables
Accrued interest 402,308
Due from City 59,189
Total Assets 259,196,689
Liabilities
Vouchers payable 26,139
Total Liabilities 26,139
Net Position Restricted
For Pensions 259,170,550$
See accompanying notes to financial statements.
- 18 -
CITY OF EVANSTON, ILLINOIS
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Fiscal Year Ended December 31, 2020
Additions
Contributions - employer 20,483,166$
Contributions - plan members 2,509,009
Total Contributions 22,992,175
Investment income
Net appreciation in fair value
of investments 24,715,463
Interest on investments 4,757,867
Less investment expenses (548,467)
Total Investment Income 28,924,863
Total Additions 51,917,038
Deductions
Administration 215,131
Benefit payments and refunds 23,648,239
Total Deductions 23,863,370
Net Increase 28,053,668
Net Position Restricted
For Pensions
January 1 231,116,882
December 31 259,170,550$
See accompanying notes to financial statements.
- 19 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
Page(s)
Note 1 Summary of Significant Accounting Policies
A. Reporting Entity 23-24
B. Government-Wide and Fund Financial Statements 25
C. Fund Accounting 25
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation 26-28
E. Cash and Cash Equivalents 28
F. Investments 28
G. Inventories and Prepaid Items 28
H. Capital Assets 29
I. Compensated Absences 29
J. Long-Term Obligations 29
K. Self-Insurance 30
L. Deferred Inflows of Resources 30
M. Property Taxes 30
N. Fund Equity 31
O. Interfund Transactions 32
P. Use of Estimates 32
Q. Conduit Debt 32
R.Deferred Implementation 32
Note 2 Stewardship, Compliance, and Accountability
A.Deficit Fund Equity 33
Note 3 Deposits With Financial Institutions and Investments
A. Types of Accounts and Securities 34
B. Pooling Cash and Investments 34
C. Types of Investments 35
D. Deposits 35
Note 4 Receivables
A. Summary of Receivables 36
B. Loans Receivable - Special Revenue Funds 36
Note 5 Capital Assets
A. Capital Asset Activity 37-39
B. Construction Commitments 39
- 20 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
Page(s)
(Continued from the previous page)
Note 6 Interfunds
A. Interfund Accounts 40
B. Interfund Advances 41
C. Interfund Transfers 42-44
Note 7 Long-Term Debt
A. Changes in Long-Term Debt 45-46
B. General Obligation Bonds Payable 47
C. Notes Payable - IEPA Loans 48
D. Postemployment Benefits other than Pensions (Defined Benefit Plan)48-51
E.Asset Retirement Obligations 51
Note 8 Fund Equity
A. Restricted Net Position - Fiduciary Funds 52
B. Assigned Fund Balances 52
Note 9 Individual Fund Activities
A. General Obligation Debt Service Fund 53
B. Water Fund 53
C. Special Service District No. 4 54
D.Special Service District No. 8 54
E.Special Service District No. 9 54
Note 10 Risk Management - Claims and Judgements 55
Note 11 Contingencies 56
Note 12 Joint Ventures
A. Solid Waste Agency of Northern Cook County 56
Note 13 Employee Retirement Systems
A. Plan Descriptions 57-73
Note 14 Pension Trust Funds
A. Schedule of Net Position 75
B. Changes in Plan Net Position 76
- 21 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
Page(s)
(Continued from the previous page)
Note 15 Evanston Library Component Unit
A. Types of Accounts and Securities 76
B. Reconciliation of Cash and Investments 77
C. Summary Receivables 77
D. Capital Assets Activity 77
E. Long-Term Debt 78
Note 16 Change in Accounting Principle 79
- 22 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
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.
- 23 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
A.Reporting Entity - Continued
Discrete Component Unit:
The City's financial statements include two pension trust funds:
Police Pension Employees Retirement System
Firefighters' Pension Employees Retirement System
Joint Ventures:
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 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 City Council.
The EPL 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.However,the Library does not issue its own independent set of
financial statements.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 City participates in one joint venture, which is reported as non-equity governmental joint venture and is described in
Footnote 13. The joint venture is Solid Waste Agency of Northern Cook County (SWANCC).
The City’s financial statements include the Police Pension Employees Retirement System (PPERS)as a fiduciary
component unit reported as a pension trust fund.The City’s sworn police employees participate in the PPERS.PPERS
functions for the benefit of these employees and is governed by a five-member pension board.Two members appointed
by the City Council,one elected pension beneficiary,and two elected police employees constitute the pension board.The
participants are required to contribute a percentage of salary as established by state statute and the City is obligated to
fund all remaining PPERS costs based upon actuarial valuations.The State of Illinois is authorized to establish benefit
levels and the City is authorized to approve the actuarial assumptions used in the determination of the City’s contribution
levels. Accordingly, the PPERS is fiscally dependent on the City.
The City’s financial statements include the Firefighters’Pension System (the FPERS)as a fiduciary component unit
reported as a Pension Trust Fund.The City’s sworn full-time firefighters participate in the FPERS.FPERS functions for
the benefit of these employees and is governed by a five-member pension board.Two members appointed by the City
Council,one elected pension beneficiary,and two elected from active participants of the Firefighters’Pension Fund
constitute the pension board.The participants are required to contribute a percentage of salary as established by state
statute and the City is obligated to fund all remaining FPERS costs based upon actuarial valuations.The State of Illinois is
authorized to establish benefit levels and the City is authorized to approve the actuarial assumptions used in the
determination of contribution levels. Accordingly, the FPERS is fiscally dependent on the City.
- 24 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
B.Government-Wide and Fund Financial Statements
C.Fund Accounting
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 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.When these
assets are held under the terms of a formal trust agreement,a private purpose trust fund is used.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.
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.
Funds are classified into three categories:governmental,proprietary,and fiduciary.Each category,in turn,is divided into
separate "fund types."
Governmental funds are used to account for all or most of the City's general activities,including the collection and
disbursement of restricted or committed monies (special revenue funds),the funds committed,restricted,or assigned for
the acquisition or construction of general capital assets (capital projects funds),and the funds restricted,committed,or
assigned for 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.
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.
- 25 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
D.Measurement Focus, Basis of Accounting, and Financial Statement Presentation
1.) Taxes 5.) Recycling program fees and sales
Property *
Sales (home rule)6.) Fines
Utility Traffic fines
Personal property
Hotel tax 7.) Intergovernmental
Athletic contest tax Motor fuel tax allotments
Cigarette tax Local motor fuel tax allotments
Liquor tax Grants
Parking tax Supplemental Security income reimbursements
Income taxes
2.) Licenses Sales taxes
Use tax
3.) Franchise fees
8.) Investment income
4.) Charges for services
* Property taxes are defined as available if collected within at most 60 days after fiscal year end.
The City reports the following major governmental funds:
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 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.
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 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,generally 60 days except for sales taxes and
telecommunication taxes which use 90 days.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.
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.
- 26 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
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, Capital Improvement 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.
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 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 City has
elected to present this fund as major.
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.
The Water Fund accounts for the provision of water services to the residents of the City and the sale of water to the
Villages of Skokie and Lincolnwood,Illinois and the Northwest Water Commission and Morton Grove Niles 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.
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.
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.
- 27 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
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 The Illinois Funds.
Investments with a maturity of less than one year when purchased,non-negotiable certificates of deposit,and other
nonparticipating investments are stated at cost or amortized cost.Investments with a maturity greater than one year when
purchased and all investments of the pension trust funds are stated at fair value.Fair value is the price that would be
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the
measurement date.
Inventories in the Water,Sewer,and Fleet Service Funds are valued at cost.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.
- 28 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
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 3-15
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.
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.
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.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property,plant,and equipment are depreciated,and intangible assets are amortized using the straight-line method over the
following estimated useful lives:
A capital asset is property,such as equipment,buildings,land,utility infrastructure,roads,bridges with a cost or value
equal to or greater than $20,000 (per asset)at the date of acquisition and an expected useful life of more than one year (12
months or longer).Acquisition of motor vehicles is an exception to the $20,000 threshold.Also additional cost of less
than $20,000 associated with an asset may be capitalized if the expense is necessary to put the asset in service or its
intended use;and/or if it extends the service life of the asset.Such assets are recorded at historical cost or estimated
historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.
- 29 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
K.Self-Insurance
L.Deferred Inflows/Outflows 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 2019 tax levy received during the fiscal
period between January 1,2020 and December 31,2020.A 3%allowance for loss is reflected in the City and the Library
financial statements.
The 2020 tax levy collections are intended to finance the 2021 fiscal year and are not considered available for current
operations and are, therefore, shown as unavailable/deferred revenue.
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
assets 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
assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
Property taxes are collected by the Cook County Collector and are remitted periodically to all taxing bodies,including the
City and Library.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.
- 30 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
N. Fund Equity
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:
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.
The City has established a policy requiring a minimum of 16.6%or two months of operating expenditures to be
maintained as a reserve. This is reported as unassigned fund balance.
In the government-wide and proprietary financial statements,restricted net position is legally restricted by outside parties
for a specific purpose.Net position has not been restricted by enabling legislation adopted by the City.Net investment in
capital assets represents the book value of capital assets less any long-term debt outstanding issued to construct the capital
assets.
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.
- 31 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
O.Interfund Transactions
P.Use of Estimates
Q.Conduit Debt
R.Deferred Implementation
In accordance with the provisions of GASB Statement No.95,Postponement of the Effective Dates of Certain
Authoritative Guidance ,the City has delayed the implementation of GASB Statement No.87,Leases ,to December 31,
2022.
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 31,2020,
outstanding bond balance was $11,515,000.
The City approved the issuance of $5,000,000 Series 2010 Revenue Bonds during the fiscal year 2010-2011 to provide
financial assistance to Chiaravalle 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 monies,
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.The
Series 2010 Revenue Bonds were refunded in 2019,and the City approved the issuance of $3,925,000 Series 2019A
Revenue Bonds and $3,735,000 Series 2019B Revenue Bonds,dated December 1,2019.As of December 31,2020,
outstanding bond balance of the 2019A Revenue Bonds was $3,790,000 and outstanding balance of the 2019B Revenue
Bonds was $3,640,000.
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.
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.
- 32 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 2.STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A.Deficit Fund Equity
The Insurance Fund,an internal service fund,had a net deficit of $8,463,688 as of December 31,2020.The City
plans to use current resources to pay for future liabilities.
The Special Service District No.9 had a net deficit of $214,660 as of December 31,2020.The City plans to use
current resources to pay for future liabilities.
- 33 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 3.DEPOSITS WITH FINANCIAL INSTITUTIONS AND INVESTMENTS
A.Types of Accounts and Securities
B.Pooling of Cash and Investments
The City and pension funds categorize the fair value measurements within the fair value hierarchy established by generally accepted accounting
principles.The hierarchy is based on the valuation inputs used to measure the fair value of the asset.Level 1 inputs are quoted prices in active markets for
identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs.
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 The 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.
The Illinois Funds,created by the Illinois State Legislature under the control of the State Comptroller,operates as qualified external investment pools in
accordance with the criteria established in GASB Statement No.79,Certain External Investment Pools and Pool Participants ,and thus,reports all
investments at amortized cost rather than fair value.The investment in The Illinois Funds by participants is also reported at amortized cost.The Illinois
Funds does not have any limitations or restrictions on participant withdrawals.The Illinois Funds Treasurer's Office issues a separate financial report for
The Illinois Funds which may be obtained by contacting the Administrative Office at Illinois Business Center,400 West Monroe Street,Suite 401,
Springfield, Illinois 62704.
IMET is a not-for-profit investment trust formed pursuant to the Illinois Municipal code and managed by a Board of Trustees elected from the
participating members.IMET is not registered with the SEC as an investment company.Investments in IMET are valued at IMET's share price,the price
for which the investment could be sold.
- 34 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 3.DEPOSITS WITH FINANCIAL INSTITUTIONS AND INVESTMENTS – Continued
C.Types of Investments
The following table presents the investment and maturities of the City's debt securities as of December 31, 2020:
Fair Value Less Than 1 Year 1 - 5 Years 6 - 10 Years Greater than 10 Years
Municipal bonds 2,892,923$ 2,714,694 178,229 - -
Total 2,892,923$ 2,714,694 178,229 - -
D.Deposits
Deposits consist of deposits in interest-bearing and non-interest-bearing checking accounts.At December 31,2020,the carrying amount of the City's
deposits, including cash on hand of $10,200 was $36,150,511. The financial institutions' balances totaled $35,770,568.
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.
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 S&P ratings ranging from BBB-to AAA.The 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.The City's
municipal bond investments were rated from Aa3 to Aa2 by Moody's.IMET's Convenience Fund collateralizes all of its deposits 110%.The investments
in the securities of the U.S.government agencies were all rated AAA or Aaa by the Standard &Poor’s and by Moody’s Investor’s Services.The
following investments of the City in The Illinois Funds,PMA,and IMET are valued at the funds'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 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.
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 $169,720. The City believes that it will recover the remaining value of the investment.
Concentration of Credit Risk.It is the policy of the City to diversify its investment portfolio.Investments shall be diversified to eliminate the risk of loss
resulting from overconcentration in a security, maturity, issuer, or class of securities.
Custodial Credit Risk.For a deposit,custodial credit risk is the risk that,in the event of the failure of the counterparty,the City will not be able to
recover the value of its deposit or collateral securities that are in the possession of an outside party.Collateral is required for City deposits equal to or
greater than the amount of City deposits which exceed FDIC insured amounts.The City's depository pledges a Federal Home Loan Bank line of credit in
the City's name as collateral. All of the City's deposits were insured or collateralized at December 31, 2020.
The City has the following recurring fair value measurements as of December 31, 2020. The investments in municipal bonds and mutual funds are valued
using quoted matrix pricing models (Level 2 inputs).
City Investment Type
Investment Maturities (In Years)
- 35 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 4.RECEIVABLES
A.Summary of Receivables
General
Governmental Business-Type
Activities Activities Total
Receivables (net, where applicable,
of allowances for uncollectibles):
Amusement tax 90,297$ -$ 90,297$
Cigarette tax - - -
Cannabis tax 115,163 - 115,163
Franchise fees - 31,063 31,063
FEMA reimbursement 395,837 - 395,837
Hotel tax 22,769 - 22,769
Liquor tax 285,498 - 285,498
Local motor fuel tax 81,680 - 81,680
Parking tax 64,853 - 64,853
Police services 50,000 - 50,000
Transportation network tax 33,260 - 33,260
Other miscellaneous 72,678 85,141 157,819
Net Total Receivables 1,212,035$ 116,204$ 1,328,239$
B.Loans Receivable - Special Revenue Funds
Loan Interest Loans Loan Loan
Type Rates Beginning Made Repayments Adjustments Ending
Title Transfer 0% - 8%2,446,266$ 206,615$ 132,990$ -$ 2,519,891$
Amortizing 0% - 8% 1,037,834 511,053 206,998 - 1,341,889
Forgivable 0% - 8% 4,526,582 - - (41,644) 4,484,938
Allowance (78,000)- - - (78,000)
Total Loans 7,932,682$ 717,668$ 339,988$ (41,644)$ 8,268,718$
Other receivables as of December 31,2020 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:
The City provides resources to city residents for the sale and rehabilitation of single-family and multi-family housing.Initial funding for these resources
was from Community Development Block Grant (CDBG)and Housing and Urban Development (HUD)Funds.Three types of loans are made:(1)title
transfer loans which are due in full when the housing unit is sold,(2)amortizing loans which are due in monthly installments over varying lengths of
time,and (3)forgivable loans which are forgiven over varying lengths of time based on occupancy requirements.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 $78,000 exists in the Special Revenue Funds due to doubtful accounts. Loan activity for the current period is summarized as follows:
Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not considered to be available to liquidate
liabilities of the current period.Governmental funds also defer revenue recognition in connection with resources that have been received,but not yet
earned.
- 36 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 5. CAPITAL ASSETS
A. Capital Asset Activity
Capital asset activity for the fiscal year ended December 31, 2020 was as follows:
Beginning Additions Deletions Transfers Ending
Governmental Activities:
Capital Assets, not being Depreciated:
Land 7,193,044$ 57,023$ -$ -$ 7,250,067$
Right of way 18,695,896 - - - 18,695,896
Artwork 373,551 97,500 - - 471,051
Construction in progress 61,149,517 14,860,647 62,021,881 - 13,988,283
Total Capital Assets, not being Depreciated 87,412,008 15,015,170 62,021,881 - 40,405,297
Capital Assets, being Depreciated/Amortized:
Buildings and improvements 88,351,138 53,622,597 - - 141,973,735
Office equipment and furniture 6,317,558 956,996 - - 7,274,554
Intangible assets 7,843,305 368,814 - - 8,212,119
Machinery and equipment 28,795,093 2,380,868 934,347 - 30,241,614
Infrastructure 191,902,807 9,490,312 - - 201,393,119
Capitalized leases 502,532 - - - 502,532
Total Capital Assets being Depreciated/Amortized 323,712,433 66,819,587 934,347 - 389,597,673
Less Accumulated Depreciation/Amortization for:
Buildings and improvements 41,827,835 2,463,103 - - 44,290,938
Office equipment and furniture 4,750,206 359,263 - - 5,109,469
Intangible assets 6,882,370 234,634 - - 7,117,004
Machinery and equipment 20,754,885 1,770,105 908,661 - 21,616,329
Infrastructure 117,764,401 6,981,957 - - 124,746,358
Capitalized leases 486,900 3,908 - - 490,808
Total Accumulated Depreciation/Amortization 192,466,597 11,812,970 908,661 - 203,370,906
Total Capital Assets being Depreciated/Amortized, Net 131,245,836 55,006,617 25,686 - 186,226,767
Governmental Activities Capital Assets, Net 218,657,844$ 70,021,787$ 62,047,567$ -$ 226,632,064$
- 37 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 5. CAPITAL ASSETS - Continued
A. Capital Asset Activity - Continued
Beginning Additions Deletions Transfers Ending
Business-Type activities:
Capital Assets, not being Depreciated:
Land 4,592,141$ -$ -$ -$ 4,592,141$
Construction in progress 17,745,314 2,091,649 17,151,832 - 2,685,131
Artwork 359,752 - - - 359,752
Total Capital Assets, not being Depreciated 22,697,207 2,091,649 17,151,832 - 7,637,024
Capital Assets, being Depreciated/Amortized:
Land improvements 9,826,890 82,964 - - 9,909,854
Buildings and improvements 77,713,291 170,043 - - 77,883,334
Leasehold improvements 772,131 - - - 772,131
Plant 46,352,087 21,853,394 - - 68,205,481
Transmission and distribution system 76,956,907 5,406,634 - - 82,363,541
Sewer system and underground lines 257,028,512 2,600,867 - - 259,629,379
Intangible assets 1,250,490 - - - 1,250,490
Equipment 3,146,634 787,789 - - 3,934,423
Parking meters 1,793,741 - - - 1,793,741
Total Capital Assets being Depreciated/Amortized 474,840,683 30,901,691 - - 505,742,374
Less Accumulated Depreciation/Amortization for:
Land improvements 3,498,950 461,868 - - 3,960,818
Buildings and improvements 32,237,045 2,018,211 - - 34,255,256
Leasehold improvements 357,804 25,793 - - 383,597
Plant 20,716,610 1,568,705 - - 22,285,315
Transmission and distribution system 11,255,116 1,297,155 - - 12,552,271
Sewer system and underground lines 66,711,952 3,503,724 - - 70,215,676
Intangible assets 732,345 100,237 - - 832,582
Equipment 1,017,915 409,008 - - 1,426,923
Parking meters 713,568 195,434 - - 909,002
Total Accumulated Depreciation/Amortization 137,241,305 9,580,135 - - 146,821,440
Total Capital Assets being Depreciated/Amortized, Net 337,599,378 21,321,556 - - 358,920,934
Business-Type Activities Capital Assets, Net 360,296,585$ 23,413,205$ 17,151,832$ -$ 366,557,958$
- 38 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
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 494,479$
Public safety 767,192
Public works 7,672,651
Housing and economic development 9,303
Recreation and cultural opportunities 1,336,556
Internal service funds 1,532,789
Total Depreciation Expense - Governmental Activities 11,812,970$
Business-Type Activities:
Water 2,865,860$
Sewer 3,773,557
Solid waste 41,125
Motor vehicle parking 2,899,593
Total Depreciation Expense - Business-Type Activities 9,580,135$
B.Construction Commitments
Capital Improvement Fund 8,951,861$
Crown Capital Improvement Fund 2,228,663
Motor Fuel Tax Fund 110,296
Water Fund 6,250,822
Motor Vehicle Parking System Fund 132,442
Chicago Main TIF 6,078
Total Construction Commitments 17,680,162$
The value of construction contracts signed, where the work has not yet been performed at December 31, 2020 is as follows:
- 39 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 6.INTERFUNDS
A. Interfund Accounts
At December 31, 2020, interfund receivables and payables consist of the following:
Due Due
Funds From To
General Fund 6,095,780$ 59,189$
General Obligation Debt Service Fund - 555,586
Water Fund - 2,544,589
Sewer Fund 1,662,516 -
Solid Waste Fund - 804,514
Motor Vehicle Parking System Fund - 1,572,873
Nonmajor Governmental Funds 3,480,514 541,804
Fiduciary 59,189 -
Internal Service Funds 1,000,000 5,957,552
Total 12,297,999$ 12,036,107$
Due Due
Funds From To
Component Unit
City
Library Operating Fund -$ 132,876$
Library Capital Improvements Fund - 129,016
Total -$ 261,892$
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.
- 40 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 6.INTERFUNDS - Continued
B. Interfund Advances
At December 31, 2020, interfund advances consist of the following:
Advances Advances
Funds To From
Governmental Funds
General Fund
Capital Improvements Fund -$ 4,000,000$
Total General Fund - 4,000,000
Nonmajor Governmental Funds
Capital Improvements Fund
General Fund 4,000,000 -
Total Nonmajor Governmental Funds 4,000,000 -
Grand Total 4,000,000$ 4,000,000$
- 41 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 6.INTERFUNDS - Continued
C. Interfund Transfers
At December 31, 2020, transfers in (out) consist of the following:
Transfers Transfers
Funds In Out
Governmental Funds
General Fund
Emergency Telephone System 260,000$ -$
Dempster Dodge TIF 5,000 -
Howard Ridge TIF 30,000 -
Chicago-Main TIF 30,000 -
Capital Improvement 290,000 -
Water 3,799,559 -
Sewer 330,167 -
Special Assessment 92,000 -
Motor Vehicle Parking System 2,972,390 -
Solid Waste - -
Motor Fuel Tax 1,044,987 -
West Evanston TIF 35,000 -
General Obligation Debt Service - 1,503,542
Crown Community Center - 175,000
Good Neighbor 480,000 -
Reparations - 200,000
Fleet - -
Equipment Replacement - -
Insurance - 1,000,000
Total General Fund 9,369,103 2,878,542
General Obligation Debt Service Fund
General 1,503,542 -
Sewer 257,488 -
Special Assessment 385,930 -
Crown Capital 637,500 -
Chicago-Main TIF 230,610 -
Dempster Dodge TIF 160,870 -
Howard Ridge TIF 143,113 -
Total General Obligation Debt Service Fund 3,319,053 -
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.
- 42 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 6.INTERFUNDS - Continued
C. Interfund Transfers - Continued
Transfers Transfers
Funds In Out
Nonmajor Governmental Funds
Crown Capital
Parking 1,500,000$ -$
Sewer 500,000 -
General Obligation Debt Service - 637,500
Total Crown Capital 2,000,000 637,500
Dempster Dodge TIF
General - 5,000
West Evanston Tax Increment District 100,000 -
General Obligation Debt Service - 160,870
Total Dempster Dodge TIF 100,000 165,870
Howard Ridge TIF
General - 30,000
General Obligation Debt Service - 143,113
Parking Fund - 140,907
Total Howard Ridge TIF - 314,020
Chicago-Main TIF
General - 30,000
General Obligation Debt Service - 230,610
Total Chicago-Main TIF - 260,610
West Evanston Tax Increment District
General - 35,000
Dempster Dodge TIF - 100,000
Total West Evanston Tax Increment District - 135,000
Capital Improvements
General - 290,000
Good Neighbor 320,000 -
Neighborhood Improvement 150,000 -
Total Capital Improvement 470,000 290,000
Special Assessment
General 92,000
General Obligation Debt Service - 385,930
Total Special Assessment - 477,930
Emergency Telephone System
General - 260,000
Total Emergency Telephone System - 260,000
Motor Fuel Tax
General - 1,044,987
Total Motor Fuel Tax - 1,044,987
Crown Community Center
General 175,000 -
Total Crown Maintenance 175,000 -
- 43 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 6.INTERFUNDS - Continued
C. Interfund Transfers - Continued
Transfers Transfers
Funds In Out
Nonmajor Governmental Funds - Continued
Good Neighbor
General -$ 480,000$
Capital Improvement - 320,000
Total Good Neighbor - 800,000
Neighborhood Improvement
Capital Improvement - 150,000
Total Neighborhood Improvement - 150,000
Reparations
General 200,000 -
Total Reparations 200,000 -
Total Nonmajor Governmental Funds 2,945,000 4,535,917
Total Governmental Funds 15,633,156 7,414,459
Enterprise Funds
Water
General - 3,799,559
- 1,000,000
Total Water - 4,799,559
Sewer
General - 330,167
General Obligation Debt Service Fund - 257,488
Crown Capital Fund - 500,000
Total Sewer - 1,087,655
Motor Vehicle Parking System
General - 2,972,390
Crown Capital Fund - 1,500,000
Howard Ridge TIF 140,907 -
Total Motor Vehicle Parking System 140,907 4,472,390
Total Enterprise Funds 140,907 10,359,604
Internal Service Funds
Insurance
General 1,000,000 -
Water 1,000,000 -
Total Insurance 2,000,000 -
Total Internal Service Funds 2,000,000 -
Total Primary Government 17,774,063 17,774,063
Total 17,774,063$ 17,774,063$
Note -Transfers between the primary government and component unit have been reclassified on the statement of
activities.
- 44 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 7.LONG-TERM DEBT
A. Changes in Long-Term Debt
Final Balance
Interest Maturity 12/31/2019, Balance Due Within
Rate Date Restated Issued Refunded Payments 12/31/2020 One Year
G.O. Debt Governmental Activities
Series 2010A 2.00%-3.625%12/1/2029 4,060,000$ -$ 3,715,000$ 345,000$ -$ -$
Series 2011A 2.00%-4.50%12/1/2031 8,823,512 - 8,218,496 605,016 - -
Series 2012A 2.00%-3.25%12/1/2032 5,320,000 - - 645,000 4,675,000 700,000
Series 2013A 2.00%-4.75%12/1/2033 8,205,000 - - 500,000 7,705,000 520,000
Series 2013B 2.00%-3.00%12/1/2025 9,016,390 - - 1,739,508 7,276,882 1,788,893
Series 2014 1.25%-5.00%12/1/2034 7,550,000 - - 400,000 7,150,000 415,000
Series 2015A 2.00%-4.00%12/1/2035 6,465,000 - - 320,000 6,145,000 330,000
Series 2015B 2.00%-3.00%12/1/2022 5,225,000 - - 1,750,000 3,475,000 1,750,000
Series 2016A 2.00%-4.00%12/1/2036 8,325,000 - - 405,000 7,920,000 425,000
Series 2016B 2.00%-3.00%12/1/2026 5,555,000 - - 730,000 4,825,000 745,000
Series 2017A 3.00%-4.00%12/1/2037 10,805,000 - - 455,000 10,350,000 485,000
Series 2017B 4.00%-5.00%12/1/2027 6,628,874 - - 763,102 5,865,772 776,893
Series 2017C 2.05%-4.00%12/1/2035 5,000,000 - - 230,000 4,770,000 235,000
Series 2018A 3.12%-5.00%12/1/2043 24,385,000 - - - 24,385,000 -
Series 2018B 2.29%-5.00%12/1/2038 9,675,439 - - - 9,675,439 -
Series 2018C 4.00%-5.00%12/1/2038 6,575,450 - - 888,911 5,686,539 917,988
Series 2018D 3.70%-4.25%12/1/2035 3,570,000 - - - 3,570,000 -
Series 2019A 1.72%-2.85%12/1/2043 12,750,000 - - - 12,750,000 -
Series 2019B 1.66%-2.68%12/1/2039 7,020,000 - - 211,396 6,808,604 222,378
Series 2020 2.00%-5.00%12/1/2040 - 16,853,881 - - 16,853,881 -
Subtotal Governmental Activities 154,954,665 16,853,881 11,933,496 9,987,933 149,887,117 9,311,152
Bonds premium 9,919,270 2,378,810 - 941,200 11,356,880 -
OPEB liability - City 20,645,570 232,294 - - 20,877,864 857,463
OPEB liability - Internal Service Funds 113,314 23,798 - - 137,112 15,584
Net pension liability - IMRF *16,538,083 - - 16,538,083 - -
Net pension liability - Police Pension 109,646,586 - - 8,025,470 101,621,116 -
Net pension liability - Firefighters' Pension 97,187,735 - - 6,397,825 90,789,910 -
Compensated absences payable - City 9,531,362 5,287,139 - 3,812,545 11,005,956 2,201,191
Compensated absences payable - Internal Service Funds 114,063 51,870 - 22,813 143,120 28,624
Claims payable 7,426,550 2,219,500 - 1,391,550 8,254,500 915,250
Subtotal Other Governmental Activities Liabilities 271,122,533 10,193,411 - 37,129,486 244,186,458 4,018,112
Total Governmental Activities Debt and Liabilities 426,077,198$ 27,047,292$ 11,933,496$ 47,117,419$ 394,073,575$ 13,329,264$
G.O. Debt Business-Type Activities
Series 2011A W/S 2.00%-4.50%12/1/2031 2,706,484$ -$ 2,521,501$ 184,983$ -$ -$
Series 2012A 2.00%-3.25%12/1/2032 3,195,000 - - 205,000 2,990,000 210,000
Series 2013A - Water 2.00%-4.75%12/1/2033 1,550,000 - - 85,000 1,465,000 90,000
Series 2014 1.25%-5.00%12/1/2034 2,225,000 - - 110,000 2,115,000 115,000
Series 2015A 2.00%-4.00%12/1/2035 4,705,000 - - 220,000 4,485,000 230,000
Series 2016A 2.00%-4.00%12/1/2036 3,215,000 - - 145,000 3,070,000 150,000
Series 2017A 3.00%-4.00%12/1/2037 905,000 - - 40,000 865,000 40,000
Series 2018B 2.29%-5.00%12/1/2038 4,837,719 - - - 4,837,719 -
Series 2018C 4.00%-5.00%12/1/2038 1,339,550 - - 181,089 1,158,461 187,012
Series 2019B 1.66%-2.68%12/1/2039 3,930,000 - - 118,346 3,811,654 124,494
Series 2020 2.00%-5.00%12/1/2040 - 11,106,119 - - 11,106,119 -
Subtotal Business-Type Activities 28,608,753 11,106,119 2,521,501 1,289,418 35,903,953 1,146,506
IEPA loans 2.535%-3.59%Various 40,691,551 7,756,627 - 5,040,700 43,407,478 5,337,808
Bonds premium 1,973,532 971,759 - 214,618 2,730,673 -
Compensated absences payable - City 846,645 323,304 - 169,329 1,000,620 200,124
Asset retirement obligations 5,081,625 - - - 5,081,625 -
Net pension liability - IMRF *4,463,655 - - 4,463,655 - -
OPEB liability 964,463 175,635 - - 1,140,098 46,824
Subtotal Other Business-Type Activities Liabilities 13,329,920 1,470,698 - 4,847,602 9,953,016 246,948
Total Business-Type Activities Debt and Liabilities 82,630,224$ 20,333,444$ 2,521,501$ 11,177,720$ 89,264,447$ 6,731,262$
Total Governmental and Business-Type Activities Debt and Liabilities 508,707,422$ 47,380,736$ 14,454,997$ 58,295,139$ 483,338,022$ 20,060,526$
* At December 31, 2020, the City reported an IMRF net pension asset of $2,414,619 in Governmental Activities and $647,982 in Business-Type Activities.
Note:Sewer Fund,Water Fund,Solid Waste Fund,Parking Fund,and General Fund have been used to liquidate IMRF pension liability.General Fund,Fleet Fund,Water Fund,
Parking Fund, Solid Waste Fund, and Sewer Fund have been used to liquidate other postemployment benefit obligations.
- 45 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 7. LONG-TERM DEBT - Continued
A. Changes in Long-Term Debt - Continued
Business-Type Activities - IEPA Loans
IEPA loans payable consist of the following:
Date of Final Interest Original
Issue Maturity Rates Indebtedness Balance
Various Various Various 109,165,875$ 43,407,478$
Total Business-Type Activities - IEPA Loan Debt 43,407,478$
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 $109,165,875 in IEPA loans issued in 1994
through 2020. 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 2040.Annual principal and interest on the loans are
expected to require $6,216,694 of net revenues for the fiscal year 2021.The total principal and interest remaining to be paid
on the loans is $49,558,640.Principal and interest paid for the current period and total customer net revenues were
$5,701,905 and $15,512,398, respectively.
- 46 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 7. LONG-TERM DEBT - Continued
B.General Obligation Bonds Payable
Year Ending Governmental Activities Business-Type Activities
December 31, Principal Interest Principal Interest
2021 9,311,152$ 5,822,512$ 1,146,506$ 1,332,187$
2022 10,261,859 5,370,709 1,303,435 1,225,349
2023 9,738,163 5,011,286 1,626,107 1,163,602
2024 9,635,771 4,628,740 1,845,837 1,095,794
2025 9,984,121 4,237,560 1,920,796 1,018,639
2026-2030 39,706,972 15,635,277 10,686,844 3,843,013
2031-2035 32,824,369 8,828,851 10,135,160 1,916,373
2036-2040 21,104,710 3,713,653 7,239,268 519,482
2041-2043 7,320,000 647,550 - -
Total 149,887,117$ 53,896,138$ 35,903,953$ 12,114,439$
On September 3,2020,the City issued Series 2020 General Obligation Bonds for a total of $27,960,000 with interest rates
ranging from 2.00%-5.00%.The bonds were issued to provide financing for certain capital improvements ($15,735,000)
and to refund certain outstanding bonds ($12,225,000).
As described above,$12,225,000 of the City's 2020 General Obligation bonds issued were to advance refund $3,715,000
of the outstanding General Obligation Bonds Series 2010A (call date October 15,2020)and $10,740,000 of the General
Obligation Corporate Purpose Bonds,Series 2011A (call date December 1,2020).As a result of the refunding,the City
realized a cash flow savings of $2,512,673 and economic gain of approximately $2,461,970.
The following schedule illustrates the annual debt service requirements to maturity for general obligation bonds.
The City issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities.
General obligation bonds have been issued for both governmental and business-type activities.
General obligation bonds are direct obligations and pledge the full faith and credit of the City.These bonds generally are
issued as 20-year serial bonds with equal amounts of principal maturing each year.
- 47 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 7. LONG-TERM DEBT - Continued
C.Notes Payable - IEPA Loans
Notes payable - IEPA debt service requirements to maturity are as follows:
For the Fiscal
Year Ending Principal Interest
2021 5,337,808$ 878,885$
2022 4,081,289 763,792
2023 4,176,131 668,950
2024 3,941,483 574,030
2025 3,147,832 487,284
2026-2030 10,062,645 1,629,295
2031-2035 7,003,619 866,649
2036-2040 5,656,671 282,274
Total 43,407,478$ 6,151,159$
D.Postemployment Benefits other than Pensions (Defined Benefit Plan)
Business-Type Activities
As of December 31,2020,the City currently has 19 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.
The City and the Library administer a single-employer defined benefit health care plan which provides coverage to active
employees and retired members.Benefit provisions are established through collective bargaining agreements and state that
eligible retires and their spouses at established contribution rates.
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 $540 for single coverage to $1,984 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 $493 for single
coverage to $1,984 for family coverage.For the year ended December 31,2020,the City and Library's estimated
contribution to the plan is $925,502.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.75.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.
- 48 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 7. LONG-TERM DEBT - Continued
D.Postemployment Benefits other than Pensions (Defined Benefit Plan) - Continued
Membership
Retirees and beneficiaries current receiving benefits 71
Terminated employees entitled to benefits but not yet receiving them 10
Active employees 682
Total 763
Actuarial valuation date December 31, 2020
Measurement date December 31, 2020
Actuarial cost method Entry-age normal
Inflation 3.00%
Discount rate 2.00%
Healthcare cost trend rates 7.50% in Fiscal
2020, to an
ultimate trend
rate of 4.50%
Asset valuation method N/A
Mortality rates
RP - 2014 Blue
Collar base rates
for Police and
Fire, RP-2014
base rates for all
other employees,
projected to 2020
using scale
MP2020.
Discount Rate
The total OPEB liability was determined by an actuarial valuation performed as of December 31,2019 using the following
actuarial methods and assumptions.
The discount rate was based on the S&P Municipal Bond 20 year high-grade rate index rate for tax exempt general
obligation municipal bonds rated AA or better at December 31, 2020.
At December 31, 2020, membership consisted of:
Actuarial Assumptions and Other Inputs
- 49 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 7. LONG-TERM DEBT - Continued
D.Postemployment Benefits other than Pensions (Defined Benefit Plan) - Continued
City Library
Balances at January 1, 2020 21,723,347$ 331,661$
Changes for the period
Service cost 1,228,558 20,992
Interest 583,811 9,976
Changes in benefits (52,612) (899)
Differences between expected
and actual experience (2,848,016) (8,259)
Changes in assumptions 2,429,941 41,521
Implicit benefit payments (909,954) (15,548)
Other changes - -
Net changes 431,728 47,783
Balances at December 31, 2020 22,155,075$ 379,444$
There was a change in assumptions related to the discount rate in 2020.
Rate Sensitivity
Current
1% Decrease Discount Rate 1% Increase
(1.00%)(2.00%)(3.00%)
City $ 24,494,275 $ 22,155,075 $ 20,101,363
Library 419,507 379,444 344,271
Total OPEB Liability $ 24,913,782 $ 22,534,519 $ 20,445,634
Current
1% Decrease Discount Rate 1% Increase
(6.5% to 3.5%)(7.5% to 4.5%)(8.5% to 5.5%)
City $ 19,349,069 $ 22,155,075 $ 25,539,430
Library 331,386 379,444 437,407
Total OPEB Liability $ 19,680,455 $ 22,534,519 $ 25,976,837
Changes in the Total OPEB Liability
The following is a sensitive analysis of total OPEB liability to changes in the discount rate and the healthcare cost trend
rate.The table below presents the total OPEB liability of the City and Library calculated using the discount rate of 2.00%
as well as what the City's and Library's total OPEB liability would be if it were calculated using a discount rate that is 1
percentage point lower (1.00%) or 1 percentage point higher (3.00%) than the current rate:
The table below presents the total OPEB liability of the City and Library calculated using the healthcare rate of 7.5%
decreasing to 4.5%as well as what the City's and Library’s total OPEB liability would be if it were calculated using a
healthcare rate that is 1 percentage point lower (6.5%decreasing to 3.5%)or 1 percentage point higher (8.5%decreasing to
5.5%) than the current rate:
Total OPEB Liability
- 50 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 7. LONG-TERM DEBT - Continued
D.Postemployment Benefits other than Pensions (Defined Benefit Plan) - Continued
Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience $ - $ 2,554,917
Changes in assumption 4,542,121 919,770
Total $ 4,542,121 $ 3,474,687
Year Ending
December 31,
2021 105,370$
2022 105,370
2023 105,370
2024 105,370
2025 105,370
Thereafter 540,584
Total 1,067,434$
E.Asset Retirement Obligations
The City has recognized an asset retirement obligation (ARO)and related deferred outflow of resources in connection with
its obligation to seal and abandon various intake pipelines at the end of their estimated useful lives in accordance with
federal,state and/or local requirements.The ARO was measured using actual historical costs for similar abandonments,
adjusted for inflation through the end of the year.The City estimates the remaining useful lives of the intake pipelines are
54 years.
Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized
in OPEB expense as follows:
The deferred outflows and deferred inflows of resources presented in the table above include amounts for the City.The
Library’s proportionate share of the deferred outflows and deferred inflows of resources at December 31,2020 was
$77,792 and $59,510 respectively.
For the year ended December 31,2020,the City recognized OPEB expense of $971,499.At December 31,2020,the City
reported deferred outflows and deferred inflows of resources related to OPEB from the following sources:
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB
- 51 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 8.FUND EQUITY
A.Restricted Net Position - Fiduciary Funds
Fiduciary Funds
Firefighters' Pension Fund restriction for employee pension benefits 101,034,113$
Police Pension Fund restriction for employee pension benefits 158,136,437
Total Fiduciary Funds 259,170,550$
B.Assigned Fund Balances
The following are the assigned fund balances:
General Fund
Assigned for Arts Council 3,948$
Assigned for parkway trees 60,722
Assigned for Butterfield sculpture 30,883
Assigned for scholarship contributions 10,806
Assigned for Noyes Center 254,705
Assigned for recreation group activities 207,123
Assigned for parks and recreation 674,770
Assigned for Mayor's programs 93,179
Other assignments 237,112
Total General Fund 1,573,248
Nonmajor Governmental Funds
Assigned for capital improvements 10,670,928
Assigned for special assessment capital projects 2,653,467
Total Nonmajor Governmental Funds 13,324,395
Total Assigned Fund Balances 14,897,643$
- 52 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 9.INDIVIDUAL FUND ACTIVITIES
A.General Obligation Debt Service Fund
B.Water Fund
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 Howard Hartrey Tax Increment District;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 was extended further until October 31,2017.Currently,the City is working with the
Village of Skokie to have a new contract with revised terms to supply Lake Michigan water to the Village of Skokie.
The City 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.
The City provides potable Lake Michigan water to the Morton Grove Niles Water Commission (MGNWC) under a long-
term water supply contract.Sale of potable water under this contract began January 24,2017 and continues until
December 31,2056.Under the terms of the current contract,the City is to supply MGNWC sufficient potable Lake
Michigan water to satisfy MGNWC's maximum 24-hour demands for Lake Michigan water for resale to MGNW's
customers.
The City also provides potable Lake Michigan water to the Village of Lincolnwood (Lincolnwood)under a long-term
water supply contract.Sale of potable water under this contract began August 24,2018 and continues until August 24,
2047.
- 53 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 9.INDIVIDUAL FUND ACTIVITIES - Continued
C.Special Service District No. 7
D.Special Service District No. 8
E.Special Service District No. 9
On December 9,2019,the City Council adopted Ordinance No.159-O-19 which established Special Service District
No.7.Special Service District No.7 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 2020 was $159,444 which includes an estimated allowance amount of $4,644.
On December 9,2019,the City Council adopted Ordinance No.160-O-19 which created Special Service District No.8.
Special Service District No.8 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 2020 was $62,006 which includes an estimated allowance amount of $1,806.
On December 9,2019,the City Council adopted Ordinance No.161-O-19 which terminated the life of Special Service
District No.4 and reestablished the Special Service Area as Special Service Area No.9.Special Service District No.9
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 2020
was $610,995 which includes an estimated allowance amount of $18,330.
- 54 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 10. RISK MANAGEMENT - CLAIMS AND JUDGMENTS
The changes in the balances of claims liabilities during the past two fiscal periods are as follows:
Workers’General
Compensation Liability Total
December 31, 2018 3,072,100$ 1,585,500$ 4,657,600$
New claims and/or estimate revisions 233,618 5,780,000 6,013,618
Claims payments (688,168) (2,556,500) (3,244,668)
December 31, 2019 2,617,550 4,809,000 7,426,550
New claims and/or estimate revisions (164,669) 1,700,000 1,535,331
Claims payments (570,381) (137,000) (707,381)
December 31, 2020 1,882,500$ 6,372,000$ 8,254,500$
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.
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 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 city
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 and $10,000 for artwork)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 $5,000,000.
For its health insurance coverages,the City participates through a sub-pool in the Intergovernmental Personnel Benefit Cooperative
(IPBC).IPBC is a public entity risk pool established in 1979 by certain units of local government in Illinois to administer some or all
of the personnel benefit programs (primarily medical,dental,and life insurance coverage)offered by these members to their officers
and employees and to the officers and employees of certain other governmental,quasi governmental,and nonprofit public service
entities.Management consists of a Board of Directors comprised of one appointed representative from each member.The officers of
IPBC are chosen by the Board of Directors from among their membership.The City does not exercise any control over the activities of
IPBC beyond its representation on the Board of Directors of the sub-pool.To obtain IPBC’s financial statements,contact the
administrative offices of IPBC at 301 East Irving Park Road, Streamwood, Illinois 60107.
- 55 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 11.CONTINGENCIES
NOTE 12.JOINT VENTURES
A.Solid Waste Agency of Northern Cook County
Complete financial statements for the Agency can be obtained at 77 W. Hintz Rd., Suite 200, Wheeling, Illinois, 60090.
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.
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.
On March 28,1988,the Evanston City Council authorized agreements providing for the City's participation in the Solid
Waste Agency of Northern Cook County (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 (the 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 by-laws.
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.
- 56 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS
A.Plan Descriptions
Illinois Municipal Retirement Fund
Plan Administration
Plan Membership
Inactive employees or their beneficiaries
currently receiving benefits 692
Inactive employees entitled to but not
390
Active employees 517
Total 1,599
The City contributes to three defined benefit pension plans,the Illinois Municipal Retirement Fund (IMRF),an agent
multiple-employer public employee retirement system;the Police Pension Plan which is a single-employer pension
plan; and the Firefighters’ Pension Plan which is also a single-employer pension plan.
The City had an aggregate net pension asset of $3,062,601,aggregate net pension liability of $192,411,026,aggregate
deferred outflows of resources of $29,835,349,aggregate deferred inflows of resources of $41,587,072 and aggregate
pension expense of $37,141,860 at December 31, 2020.
yet receiving benefits
At December 31, 2019, 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.
The IMRF data included in the table above includes membership of both the City and the Library.
- 57 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Benefits Provided
Contributions
Actuarial Assumptions
Actuarial valuation date December 31, 2019
Actuarial cost method Entry-age normal
Assumptions
Inflation 2.50%
Salary increases 3.35% to 14.25%
Interest rate 7.25%
Cost of living adjustments 3.00%
Asset valuation method Fair value
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.
The City’s net pension liability was measured as of December 31,2019 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.
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 31,2020 was
8.7% of covered payroll.
- 58 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Actuarial Assumptions - Continued
Discount Rate
For non-disabled retirees,an IMRF specific mortality table was used with fully generational projection scale MP-2017
(base year 2015).The IMRF specific rates were developed from the RP-2014 Blue Collar Healthy 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-2017 (base year 2015).The IMRF specific rates were
developed from the RP-2014 Disabled Retirees Mortality Table applying the same adjustments that were applied for
non-disabled lives.For active members,an IMRF specific mortality table was used with fully generational projection
scale MP-2017 (base year 2015).The IMRF specific rates were developed from the RP-2014 Employee Mortality
Table with adjustments to match current IMRF experience.
The discount rate used to measure the total pension liability was 7.25%.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 to be available to
make all projected future benefit payments of current plan members.
There were no changes in assumptions made since the prior measurement date.
- 59 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Changes in Net Pension Liability
(a)(b)(a) - (b)
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability (Asset)
Balances at
January 1, 2019 250,883,936$ 227,623,622$ 23,260,314$
Changes for the period
Service cost 3,926,313 - 3,926,313
Interest 17,812,836 - 17,812,836
Difference between expected and
actual experience (166,989) - (166,989)
Changes in assumptions - - -
Employer contributions - 2,379,845 (2,379,845)
Employee contributions - 1,845,576 (1,845,576)
Net investment income - 43,379,549 (43,379,549)
Benefit payments and refunds (14,305,617) (14,305,617) -
Administrative expense - - -
Other (net transfer)- 647,604 (647,604)
Net changes 7,266,543 33,946,957 (26,680,414)
Balances at
December 31, 2019 258,150,479$ 261,570,579$ (3,420,100)$
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 1,2019,the employer contributions,and the net pension liability (asset)at December
31,2019 was $21,001,738,$2,131,151,and ($3,062,601),respectively.The Library’s proportionate share of the net
pension liability at January 1,2019,the employer contributions and the net pension liability (asset)at December 31,
2019 was $2,258,576, $248,694, and ($357,499), respectively.
- 60 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 1,210,283$ 579,656$
Changes in assumption 2,656,268 1,449,505
Net difference between projected and actual earnings
on pension plan investments - 10,308,393
Employer contributions after the measurement date 2,815,288 -
Total 6,681,839$ 12,337,554$
Year Ending
December 31,
2021 (2,691,900)$
2022 (1,803,291)
2023 898,911
2024 (4,874,723)
Thereafter -
Total (8,471,003)$
For the year ended December 31,2020,the City recognized pension expense of $1,785,253.At December 31,2020,
the City reported deferred outflows 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 the City.The Library’s proportionate share of
the deferred outflows and inflows of resources at December 31, 2020 was $779,974 and $1,440,168, respectively.
$2,815,288 reported as deferred outlfows of resources related to pensions resulting from contributions subsequent to
the measurement date will be recognized as a reduction of the net pension liability in the reporting year ending
December 31,2020.Other amounts reported as deferred outflows of resources and deferred inflows of resources
related to IMRF will be recognized in pension expense as follows:
- 61 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A.Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Discount Rate Sensitivity
Current
1% Decrease Discount Rate 1% Increase
(6.25%)(7.25%)(8.25%)
City 24,065,108$ (3,062,601)$ (25,454,869)$
Library 2,809,128 (357,499) (2,971,356)
Total 26,874,236$ (3,420,100)$ (28,426,225)$
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 7.25%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 (6.25%) or 1 percentage point higher (8.25%) than the current rate:
- 62 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans
Plan Administration
Plan Membership
At January 1, 2020, plan membership consisted of:
Firefighters'
Police Pension Pension
Inactive plan members or beneficiaries
currently receiving benefits 183 146
Inactive plan members entitled to
but not yet receiving benefits 19 2
Active plan members 155 102
Total 357 250
Benefits Provided
The Police Pension Plan and Firefighters'Pension Plan are contributory,single employer 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
retired pension member, and two elected active members constitute the pension boards.
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.
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.
- 63 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS – Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Benefits Provided - Continued
Police Pension Plan
Firefighters' Pension Plan
Tier 1 ‑Covered employees hired prior to January 1,2011 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.
Tier 2 ‑Covered employees hired on or after January 1,2011 attaining the age of 55 or older with ten or more years of
creditable service are entitled to receive an annual retirement benefit equal to the greater of the average monthly salary
obtaining by dividing the total salary during the 48 consecutive months of service within the last of 60 months in which
the total salary was the highest by the number of months in that period;or the average monthly salary obtained by
dividing the total salary of the police officer during the 96 consecutive months of service within the last 120 months of
service in which the total salary was the highest by the number of months of service in that period.Police officers’
salary for pension purposes is capped at $106,800,plus the lesser of ½of the annual change in the Consumer Price
Index or 3%compounded.The annual benefit shall be increased by 2.50%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 ten years may retire
at or after age 50 and receive a reduced benefit (i.e.,½%for each month under 55).The monthly benefit of a Tier 2
police officer shall be increased annually at age 60 on the January 1st after the police officer retires,or the first
anniversary of the pension starting date,whichever is later.Noncompounding increases occur annually,each January
thereafter.The increase is the lesser of 3%or ½of the change in the Consumer Price Index for the preceding calendar
year.
Tier 1 -Covered employees hired prior to January 1,2011 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 benefit 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 hired on or after January 1,2011 attaining the age of 55 or older with ten or more years of
creditable service are entitled to receive an annual retirement benefit equal to the greater of (1)the average monthly
salary obtained by dividing the total salary of the firefighter during the 48 consecutive months of service within the last
of 60 months in which the total salary was the highest by the number of months in that period;or (2)the average
monthly salary obtained during the 96 consecutive months of service within the last 120 months of service in which the
total salary was the highest by the number of months of service in that period.Firefighters’salary for pension purposes
is capped at $106,800,plus the lesser of ½of the annual change in the Consumer Price Index or 3%compounded
annually.The annual benefit shall be increased by 2.50%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 ten years may retire at or after age 50 and
receive a reduced benefit (i.e.,½%for each month under 55).The monthly benefit of a Tier 2 firefighter shall be
increased annually at age 60 on the January 1st after the firefighter retires or the first anniversary of the pension starting
date,whichever is later.Noncompounding increases occur annually,each January thereafter.The increase is the lesser
of 3% or ½ of the change in the Consumer Price Index for the preceding calendar year.
- 64 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Contributions
Investment Policy
Police Pension Fund
Police Pension Asset Class
Domestic Large-Cap Equities 3.60%
Domestic Small-Cap Equities 4.50%
International Equities 5.20%
Fixed Income 1.10%
REITS 4.00%
Cash -0.10%
Total
5.00%
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, 2020, the City's contribution was 73.05% of covered payroll.
Participants contribute a fixed percentage of their base salary to the Firefighters'Pension Plan.At December 31,2019,
the contribution percentage was 9.455%.If a participant leaves covered 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, 2020, the City's contribution was 88.77% of covered payroll.
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,The 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),contracts and agreements of life insurance companies (no more than 10%of portfolio in real estate and no
more than 10%of portfolio in bonds with ratings of less than Baa1),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:
Long-Term Expected
Target Allocation Real Rate of Return
52.00%
5.00%
32.00%
3.00%
3.00%
100.00%
- 65 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Investment Policy - Continued
Police Pension Fund - Continued
Firefighters' Pension Fund
Firefighters' Pension Asset Class Target Allocation
U.S. Large Cap 36.00%6.90%
U.S. Mid Cap 7.95%7.60%
U.S. Small Cap 4.95%7.30%
International Equities 6.80%6.20%
Emerging & Frontier Market Equities 0.60%8.70%
Fixed Income and Preferred 34.40%1.80%
Alternatives 9.30%4.40%
Total 100.00%
Investment Valuations
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, 2020 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:
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, 2020 are listed in the table above.
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.
- 66 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Investment Rate of Return
Deposits with Financial Institutions
Interest Rate Risk
Fair Value Less Than 1 Year 1 - 5 Years 6 - 10 Years Greater than 10 Years
Corporate bonds 20,946,989$ -$ 5,746,617$ 10,828,672$ 4,371,700$
U.S. Treasuries 16,087,610 945,294 4,792,287 7,779,381 2,570,648
Federal Home Loan Bank 5,787,578 5,787,171 407 - -
Federal Home Loan Mortgage Corp 604,890 19 16,046 10,111 578,714
Fannie Mae 1,868,071 240 263,208 215,356 1,389,267
Ginnie Mae 74,341 51 8,055 8,684 57,551
Other U.S. Government Agencies 15,500 - 15,500 -
Total Police Investments $ 45,384,979 $ 6,732,775 $ 10,826,620 $ 18,857,704 $ 8,967,880
Fair Value Less Than 1 Year 1 - 5 Years 6 - 10 Years Greater than 10 Years
Corporate bonds 10,744,244$ 70,000$ 6,556,131$ 3,827,075$ 291,038$
U.S. Treasuries 4,549,438 - 1,251,358 3,298,080 -
Federal Home Loan Bank 1,017,692 - 404,877 612,815 -
Federal Home Loan Mortgage Corp 4,556,258 1,900,599 1,570,809 223,651 861,199
Fannie Mae 646,499 - 466,673 179,826 -
Total Firefighters' Investments $ 21,514,131 $ 1,970,599 $ 10,249,848 $ 8,141,447 $ 1,152,237
For the year ended December 31,2020,the Police Pension Plan annual money-weighted rate of return on pension plan
investment,net of pension plan investment expense,was 12.88%.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 31,2020,the Firefighters'Pension Plan annual money weighted rate of return on pension
plan investment,net of pension plan investment expense,was 12.72%.The money-weighted rate of return expresses
investment performance, net of investment expense, adjusted for the changing amounts actually invested.
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 Funds'
deposits with financial institutions.
The following table presents the investments and maturities of the Police Pension Fund's debt securities as of December
31, 2020:
Police Pension
Investment Type
Investment Maturities (In Years)
The following table presents the investments and maturities of the Firefighters'Pension Fund's debt securities as of
December 31, 2020:
Firefighters' Pension Investment Maturities (In Years)
Investment Type
- 67 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Interest Rate Risk - Continued
Credit Risk
Custodial Credit Risk - Investments
In accordance with its investment policies,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 do 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 and the corporate bonds
are rated between Baa3 and Aaa. The Illinois Funds is rated Aaa by Standard and Poor’s.
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.The Illinois Funds and IMET are
not subject to custodial credit risk.
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)in any one organization that
represented 5% or more of the fund's fiduciary net position.
The Firefighters'Pension Trust Fund had no significant investments (other than U.S.Treasuries)in any one organization
that represented 5% or more of the fund's fiduciary net position.
The Police and Firefighters'Pension Funds categorize the fair value measurements within the fair value hierarchy
established by generally accepted accounting principles.The hierarchy is based on the valuation inputs used to measure
the fair value of the asset.Level 1 inputs are quoted prices in active markets for identical assets;Level 2 inputs are
significant other observable inputs; and Level 3 inputs are significant unobservable inputs.
The City's Police Pension Fund has the following recurring fair value measurements as of December 31,2020.The U.S.
Treasury Obligations,Domestic and International Equity securities,and mutual funds are valued using quoted market
prices (Level 1 inputs).Corporate bonds and U.S.agency obligations,and real estate pools are valued using matrix
pricing models (Level 2 inputs).
The City's Firefighters'Pension Fund has the following recurring fair value measurements as of December 31,2020.
The U.S.Treasury Obligations,equity index funds,and mutual funds are valued using quoted market prices (Level 1
inputs). Corporate bonds and U.S. agency obligations are valued using matrix pricing models (Level 2 inputs).
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Actuarial Assumptions
Actuarial valuation date
Actuarial cost method
Asset valuation method
Actuarial assumptions:
Projected salary increases graded by age
Inflation
Interest rate
Cost-of-living adjustments
Discount Rate
Police Pension Firefighters' Pension
The total pension liability above was determined by an actuarial valuation performed using the following actuarial
methods and assumptions.
December 31, 2020 December 31, 2020
Entry-age normal Entry-age normal
From 7.36% to 3.62%From 7.36% to 3.62%
5 year smoothing 5 year smoothing
6.50%6.50%
From 3.00% to 1.25%From 3.00% to 1.25%
Mortality rates were based on PubS.H-2010 Employee mortality,projected five years past the valuation date with Scale
MP-2019.
The discount rate used to measure the total police pension liability was 6.50%.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 contribution will be made at rates equal to the difference between actuarially determined contribution rates and the
member rate.Based on those assumptions,the Police Pension Plan's fiduciary net position was projected to be available
to make all projected future benefit payments of current plan members.Effective January 1,2011,the City has until the
year 2040 to fund 90%of the past service cost for the Police Pension Plan.However,the City has elected to fund 90%
of the past service cost on the level dollar method by 2040.
The discount rate used to measure the total firefighters'pension liability was 6.50%.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 contribution will be made at rates equal to the difference between actuarially determined contribution rates and
the member rate.Based on those assumptions,the Firefighters'Pension Plan's fiduciary net position was projected to be
available to make all projected future benefit payments of current plan members.Effective January 1,2011,the City has
until the year 2040 to fund 90%of the past service cost for the Police Pension Plan.However,the City has elected to
fund 90% of the past service cost on the level dollar method by 2040.
2.50%2.50%
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Discount Rate (Continued)
Current Discount
1% Decrease Rate 1% Increase
Police Pension Fund:
Discount rate 5.50%6.50%7.50%
Net pension liability $ 137,125,985 $ 101,621,116 $ 72,466,825
Firefighters’ Pension Fund:
Discount rate 5.50%6.50%7.50%
Net pension liability $ 116,474,233 $ 90,789,910 $ 69,664,838
Total Net Pension Liability $ 253,600,218 $ 192,411,026 $ 142,131,663
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, 2020 250,956,427$ 141,309,841$ 109,646,586$
Changes for the period
Service cost 4,018,178 - 4,018,178
Interest 16,138,601 - 16,138,601
Difference between expected and
actual experience 2,021,226 - 2,021,226
Employer contributions - 11,225,650 (11,225,650)
Employee contributions - 1,522,969 (1,522,969)
Net investment income - 17,521,008 (17,521,008)
Benefit payments and refunds (13,376,879) (13,376,879) -
Administrative expense - (66,152) 66,152
Net changes 8,801,126 16,826,596 (8,025,470)
Balances at December 31, 2020 259,757,553$ 158,136,437$ 101,621,116$
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.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, 2020 186,994,776$ 89,807,041$ 97,187,735$
Changes for the period
Service cost 2,948,730 - 2,948,730
Interest 12,013,035 - 12,013,035
Difference between expected and
actual experience 122,642 - 122,642
Employer contributions - 9,257,516 (9,257,516)
Employee contributions - 986,040 (986,040)
Net investment income - 11,387,655 (11,387,655)
Benefit payments and refunds (10,255,160) (10,255,160) -
Administrative expense - (148,979) 148,979
Net changes 4,829,247 11,227,072 (6,397,825)
Balances at December 31, 2020 191,824,023$ 101,034,113$ 90,789,910$
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Police Pension Fund
Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 6,207,451$ 535,700$
Changes in assumption 6,956,876 3,729,714
Net difference between projected and actual earnings
on pension plan investments - 13,829,733
Total 13,164,327$ 18,095,147$
For the year ended December 31,2020,the City recognized police pension expense of $22,497,362.At December 31,
2020,the City reported deferred outflows of resources and deferred inflows of resources related to the Fund from the
following sources:
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources - Continued
Police Pension Fund - Continued
Year Ending
December 31,
2021 (682,269)$
2022 (320,044)
2023 (4,076,302)
2024 147,795
2025 -
Thereafter -
Total (4,930,820)$
Firefighters' Pension Fund
Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 3,896,553$ 539,870$
Changes in assumption 6,092,630 3,096,180
Net difference between projected and actual earnings
on pension plan investments - 7,518,321
Total 9,989,183$ 11,154,371$
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 31,2020,the City recognized firefighters'pension expense of $12,859,245.At December
31,2020,the City reported deferred outflows of resources and deferred inflows of resources related to the Fund from
the following sources:
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 13.EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources - Continued
Firefighters' Pension Fund - Continued
Year Ending
December 31,
2021 373,024$
2022 258,099
2023 (2,354,139)
2024 537,388
2025 20,440
Thereafter -
Total (1,165,188)$
Amounts reported as deferred outflows of resources and deferred inflows of resources related to the Firefighters'
Pension Plan will be recognized in pension expense as follows:
- 73 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 14.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 4,544,472$ 9,442,417$ 13,986,889$
Investments at fair value
U.S. Treasury obligations 4,549,438 16,087,610 20,637,048
U.S. agency obligations 6,220,449 8,350,380 14,570,829
Corporate bonds 10,744,244 20,946,989 31,691,233
Common stock - 41,496,949 41,496,949
Equity mutual funds 74,872,230 60,402,119 135,274,349
Real estate - 1,068,929 1,068,929
Receivables
Accrued interest 104,348 297,960 402,308
Prepaids 8,966 - 8,966
Due from City 16,105 43,084 59,189
Total Assets 101,060,252 158,136,437 259,196,689
Liabilities
Accounts payable 26,139 - 26,139
Total Liabilities 26,139 - 26,139
Net Position Held in Trust
For Pension Benefits 101,034,113$ 158,136,437$ 259,170,550$
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 14.PENSION TRUST FUNDS - Continued
Fiduciary Funds Summary Financial Information - Continued
B. Changes in Plan Net Position
Firefighters'Police
Pension Pension Total
Additions
Contributions
Employer 9,257,516$ 11,225,650$ 20,483,166$
Plan members 986,040 1,522,969 2,509,009
Total Contributions 10,243,556 12,748,619 22,992,175
Investment Income
Net appreciation (depreciation)
in fair value of investments 9,357,705 15,357,758 24,715,463
Interest on investments 2,178,418 2,579,449 4,757,867
Less investment expenses (148,468) (399,999) (548,467)
Total Investment Income 11,387,655 17,537,208 28,924,863
Total Additions 21,631,211 30,285,827 51,917,038
Deductions
Administrative 148,979 66,152 215,131
Benefits payments 10,255,160 13,393,079 23,648,239
Total Deductions 10,404,139 13,459,231 23,863,370
Net Increase (Decrease)11,227,072 16,826,596 28,053,668
Net Position Held in Trust
For Pension Benefits
January 1 89,807,041 141,309,841 231,116,882
December 31 101,034,113$ 158,136,437$ 259,170,550$
- 75 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 15.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.At December 31,2020,all of the Library's deposits were insured or collateralized by
an agent of the Library in the Library's name.
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 The 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.
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. The 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.
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.
The Illinois Funds,created by the Illinois State Legislature under the control of the State Comptroller,operates as
qualified external investment pools in accordance with the criteria established in GASB Statement No.79,Certain
External Investment Pools and Pool Participants,and thus,reports all investments at amortized cost rather than fair
value.The investment in The Illinois Funds by participants is also reported at amortized cost.The Illinois Funds
does not have any limitations or restrictions on participant withdrawals.The Illinois Funds Treasurer's Office issues
a separate financial report for The Illinois Funds which may be obtained by contacting the Administrative Office at
Illinois Business Center, 400 West Monroe Street, Suite 401, Springfield, Illinois 62704.
IMET is a not-for-profit investment trust formed pursuant to the Illinois Municipal code and managed by a Board of
Trustees elected from the participating members.IMET is not registered with the SEC as an investment company.
Investments in IMET are valued at IMET's share price, the price for which the investment could be sold.
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CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 15.EVANSTON LIBRARY COMPONENT UNIT - Continued
B.Reconciliation of Cash and Investments
Cash and Equivalents 2,487,666$
Investments 6,902,055
Total per Statement of Position $ 9,389,721
Cash in bank 2,487,666$
Vanguard Money Market 306,420
Vanguard Equity Mutual Funds 6,595,635
Total Cash and Investments $ 9,389,721
C.Summary of Receivables
Receivables:
Property taxes 7,734,243$
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 20,310,711 88,225 - 20,398,936
Office equipment and furniture 2,285,009 - - 2,285,009
Infrastructure 230,006 - - 230,006
Library collections 9,417,385 - 448,162 8,969,223
Capitalized leases 266,190 - - 266,190
Total capital assets being depreciated/amortized 32,509,301 88,225 448,162 32,149,364
Less Accumulated Depreciation/Amortization for:
Buildings and improvements 9,428,071 490,252 - 9,918,323
Office equipment and furniture 2,285,009 - - 2,285,009
Infrastructure 154,989 14,757 - 169,746
Library collections 8,447,388 235,633 115,015 8,568,006
Capitalized leases 266,190 - - 266,190
Total Accumulated Depreciation/Amortization 20,581,647 740,642 115,015 21,207,274
Total Capital Assets being Depreciated/Amortized, Net 11,927,654 (652,417) 333,147 10,942,090
Library Activities Capital Assets, Net 12,239,034$ (652,417)$ 333,147$ 11,253,470$
- 77 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 15. EVANSTON LIBRARY COMPONENT UNIT - Continued
E.Long-Term Debt
Final
Interest Maturity Balance Balance Due Within
Rate Date 1/1/2020 Issued Payments 12/31/2020 One Year
General Obligations Debt
Series 2013B 2.00%-3.00%12/1/2025 163,610$ -$ 25,492$ 138,118$ 26,107$
Series 2016A 2.00%-4.00%12/1/2036 580,000 - 25,000 555,000 25,000
Series 2017A 3.00%-4.00%12/1/2037 1,290,000 - 50,000 1,240,000 55,000
Series 2017B 4.00%-5.00%12/1/2027 581,126 - 66,898 514,228 68,107
Series 2018B 2.29%-5.00%12/1/2038 2,031,842 - - 2,031,842 -
Series 2019B 1.66%-2.68%12/1/2039 1,835,000 - 55,258 1,779,742 58,129
6,481,578 - 222,648 6,258,930 232,343
Bond premiums 595,021 - 60,020 535,001 -
Total OPEB liability 331,661 47,783 - 379,444 15,584
Compensated absences payable - Library 332,076 172,160 66,415 437,821 87,564
Net pension liability - IMRF 2,258,576 - 2,258,576 - -
Total Long-Term Debt 9,998,912$ 219,943$ 2,607,659$ 7,611,196$ 335,491$
The Library had an IMRF net pension asset of $357,499 at December 31, 2020.
Year Ending
December 31, Principal Interest
2021 232,343$ 249,900$
2022 264,706 241,919
2023 275,730 232,183
2024 353,392 221,284
2025 370,083 206,866
2026-2030 1,676,184 809,072
2031-2035 1,845,470 463,238
2036-2040 1,241,022 111,985
Total 6,258,930$ 2,536,447$
The following schedule illustrates the annual debt service requirements to maturity for Library General Obligation Bonds.
- 78 -
CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2020
NOTE 16.CHANGE IN ACCOUNTING PRINCIPLE
For the year ended December 31,2020,in accordance with GASB Statement No.83,a restatement was recorded in the
amount of $1,255,000 in order to record the cost of sealing and abandoning an intake pipeline as an asset retirement
obligation,which is at the end of it's useful life,and therefore has no related deferred outflows of resources to
amortize.
- 79 -
REQUIRED SUPPLEMENTARY INFORMATION
CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Total OPEB Liability and Related Ratios
Other Postemployment Benefit Plan
Last Three Fiscal Years
MEASUREMENT DATE DECEMBER 31, 2018 2019 2020
TOTAL OPEB LIABILITY
Service cost 1,050,028$ 974,443$ 1,249,550$
Interest 630,168 733,796 593,787
Benefit changes - - (53,511)
Differences between expected and actual experience - - (2,856,275)
Changes in assumptions (1,272,525) 2,879,775 2,471,462
Implicit benefit payments (797,159) (860,932) (925,502)
Other changes - - -
Net change in total OPEB liability (389,488) 3,727,082 479,511
Total OPEB liability - beginning 18,717,414 18,327,926 22,055,008
TOTAL OPEB LIABILITY - ENDING 18,327,926$ 22,055,008$ 22,534,519$
Covered payroll 59,333,084$ 60,964,744$ 59,251,377$
Employer's total OPEB liability
as a percentage of covered payroll 30.89%36.18%38.03%
There was a change in assumptions related to the discount rate in 2019.
There was a change in assumptions related to the discount rate and mortality rate assumptions in 2018.
The information above is presented for the City and Library in total.
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be
compiled, information will be presented for as many years as is available.
There was a change in assumptions related to the mortality rates assumption and discount rate in 2020. There was a
change in benefit terms related to the elimination of the excise tax in 2020.
(See independent auditor's report.)
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CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Illinois Municipal Retirement Fund
Last Six Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2015 2016 2017 2018 2019 2020
Actuarially determined contribution 3,977,718$ 3,882,629$ 3,695,564$ 3,634,209$ 2,379,845$ 3,235,547$
Contributions in relation to the actuarially
determined contribution 4,018,268 3,963,856 3,702,271 3,634,209 2,379,845 3,235,547
Contribution Deficiency (Excess)(40,550)$ (81,227)$ (6,707)$ -$ -$ -$
Percentage contributed 101.0%102.1%100.2%100.0%100.0%100.0%
Covered payroll 37,703,487$ 37,477,116$ 37,480,368$ 38,519,776$ 38,103,750$ 37,065,814$
Contributions as a percentage of
covered payroll 10.7%10.6%9.9%9.4%6.2%8.7%
Notes to the Required Supplemental Information
The information presented was determined as part of the actuarial valuations as of January 1 of the prior fiscal year.Additional information as of the latest
actuarial valuation presented is as follows:the actuarial cost method was entry-age normal;the amortization method was level percent of pay,closed and
the amortization period was 24 years;the asset valuation method was five-year smoothed market;and the significant actuarial assumptions were an
investment rate of return at 7.50%annually,projected salary increases assumption of 3325%to 14.25%annually,and postretirement benefit increases of
3.00% compounded annually.
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information will be
presented for as many years as is available.
(See independent auditor's report.)
- 81 -
CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Police Pension Fund
Last Seven Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2014 2015 2016 2017 2018 2019 2020
Actuarially determined contribution 8,358,924$ 8,257,475$ 9,380,940$ 10,237,200$ 10,462,704$ 10,502,308$ 11,225,650$
Contributions in relation to the actuarially
determined contribution 8,644,196 8,804,264 9,450,824 10,300,549 10,462,704 10,502,308 11,225,650
Contribution Deficiency (Excess)(285,272)$ (546,789)$ (69,884)$ (63,349)$ -$ -$ -$
Percentage contributed 103.4%106.6%100.7%100.6%100.0%100.0%100.0%
Covered payroll 13,537,726$ 14,921,328$ 17,474,672$ 15,352,846$ 15,845,701$ 15,980,131$ 15,368,002$
Contributions as a percentage of
covered payroll 63.9%59.0%54.1%67.1%66.0%65.7%73.0%
Notes to the Required Supplemental Information
The information presented was determined as part of the actuarial valuations as of January 1 of the prior fiscal year.Additional information as of the latest actuarial
valuation presented is as follows:the actuarial cost method was entry-age normal;the amortization method was level percent of pay,closed and the amortization period
was 20 years;the asset valuation method was market and the significant actuarial assumptions were an investment rate of return at 6.50%annually,projected salary
increases assumption of 3.62% to 7.36% annually and postretirement benefit increases of 3.00% compounded annually.
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information will be presented for as
many years as is available.
(See independent auditor's report.)
- 82 -
CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Firefighters' Pension Fund
Last Seven Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2014 2015 2016 2017 2018 2019 2020
Actuarially determined contribution 6,239,481$ 5,903,483$ 7,350,865$ 8,148,709$ 8,344,947$ 8,266,584$ 9,247,042$
Contributions in relation to the actuarially
determined contribution 6,527,697 6,385,244 7,396,641 8,205,800 8,344,947 8,266,584 9,257,516
Contribution Deficiency (Excess)(288,216)$ (481,761)$ (45,776)$ (57,091)$ -$ -$ (10,474)$
Percentage contributed 104.6%108.2%100.6%100.7%100.0%100.0%100.1%
Covered payroll 9,520,925$ 10,396,357$ 10,546,779$ 10,311,920$ 11,618,255$ 10,341,544$ 10,428,768$
Contributions as a percentage of
covered payroll 68.6%61.4%70.1%79.6%71.8%79.9%88.8%
Notes to the Required Supplemental Information
The information presented was determined as part of the actuarial valuations as of January 1 of the prior fiscal year.Additional information as of the latest actuarial
valuation presented is as follows:the actuarial cost method was entry-age normal;the amortization method was level percent of pay,closed and the amortization period
was 20 years;the asset valuation method was market;and the significant actuarial assumptions were an investment rate of return at 6.50%annually,projected salary
increases assumption of 3.62% to 7.36% annually and postretirement benefit increases of 3.00% compounded annually.
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information will be presented for as
many years as is available.
(See independent auditor's report.)
- 83 -
CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
Illinois Municipal Retirement Fund
Last Six Fiscal Years
MEASUREMENT DATE DECEMBER 31, 2014 2015 2016
Total Pension Liability
Service cost 3,898,440$ 3,910,996$ 3,951,687$
Interest 14,880,724 16,235,086 16,947,408
Changes in benefit terms - - -
Differences between expected and actual experience 3,043,895 1,465,442 (2,905,680)
Changes of assumptions 7,927,038 266,906 (269,039)
Benefit payments, including refunds of member contributions (11,468,097) (11,928,345) (12,270,564)
Net Change in Total Pension Liability 18,282,000 9,950,085 5,453,812
Total Pension Liability - Beginning 202,194,485 220,476,485 230,426,570
Total Pension Liability - Ending 220,476,485$ 230,426,570$ 235,880,382$
Plan Fiduciary Net Position
Contributions - employer 3,963,983$ 4,018,268$ 3,963,856$
Contributions - member 1,710,168 1,767,523 1,705,636
Net investment income 12,425,190 1,062,353 14,441,739
Benefit payments, including refunds of member contributions (11,468,097) (11,928,345) (12,270,564)
Administrative expense 2,322,043 737,427 (142,981)
Net Change in Plan Fiduciary Net Position 8,953,287 (4,342,774) 7,697,686
Plan Fiduciary Net Position - Beginning 206,588,617 215,541,904 211,199,130
Plan Fiduciary Net Position - Ending 215,541,904$ 211,199,130$ 218,896,816$
Employer's Net Pension Liability (Asset)4,934,581$ 19,227,440$ 16,983,566$
Plan fiduciary net position as a percentage of the total pension liability (asset)97.76%91.66%92.80%
Covered payroll 35,171,426$ 37,703,487$ 37,477,116$
Employer's net pension liability as a percentage of covered payroll 14.03%51.00%45.32%
There were changes in assumptions related to the discount rate in 2018.
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information
should be presented for as many years as is available.
There were changes in assumptions related to price inflation,salary increases,retirement age and mortality rates in 2017.There was a change in
assumption related to the discount rate made since the prior measurement date.The discount rate used in the actuarial valuation dated December 31,
2016,is 7.50%.The discount rate used in the prior actuarial valuations,dated December 31,2015 and December 31,2014 was 7.49%and 7.50%,
respectively.
- 84 -
2017 2018 2019
3,970,214$ 3,671,434$ 3,926,313$
17,355,320 17,185,510 17,812,836
- - -
(2,489,328) 2,992,302 (166,989)
(7,652,648) 6,567,349 -
(12,922,439) (13,674,160) (14,305,617)
(1,738,881) 16,742,435 7,266,543
235,880,382 234,141,501 250,883,936
234,141,501$ 250,883,936$ 258,150,479$
3,702,271$ 3,634,209$ 2,379,845$
1,693,912 1,847,906 1,845,576
39,438,193 (14,090,715) 43,379,549
(12,922,439) (13,674,160) (14,305,617)
(4,817,948) 3,915,577 647,604
27,093,989 (18,367,183) 33,946,957
218,896,816 245,990,805 227,623,622
245,990,805$ 227,623,622$ 261,570,579$
(11,849,304)$ 23,260,314$ (3,420,100)$
105.06%90.73%101.32%
37,480,368$ 38,519,776$ 38,103,750$
-31.61%60.39%-8.98%
(See independent auditor's report.)
- 85 -
CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
Police Pension Fund
Last Seven Fiscal Years
MEASUREMENT DATE DECEMBER 31, 2014 2015 2016 2017
Total Pension Liability
Service cost 3,439,223$ 3,488,385$ 3,679,212$ 3,993,751$
Interest 12,284,036 12,663,010 13,192,680 14,088,889
Changes in benefit terms - - - -
Differences between expected and actual experience - 3,928,479 (3,214,201) 424,390
Changes of assumptions - 5,791,392 11,039,027 7,096,300
Benefit payments, including refunds of member contributions (9,891,045) (10,424,955) (10,970,916) (11,475,943)
Net Change in Total Pension Liability 5,832,214 15,446,311 13,725,802 14,127,387
Total Pension Liability - Beginning 183,492,025 189,324,239 204,770,550 218,496,352
Total Pension Liability - Ending 189,324,239$ 204,770,550$ 218,496,352$ 232,623,739$
Plan Fiduciary Net Position
Contributions - employer 8,644,196$ 8,804,264$ 9,450,824$ 10,300,549$
Contributions - member 1,565,053 1,454,720 1,731,740 1,521,467
Net investment income 8,675,133 430,756 7,544,856 15,240,680
Benefit payments, including refunds of member contributions (9,891,045) (10,424,955) (10,970,916) (11,475,943)
Administrative expense (68,938) (71,408) (123,796) (148,631)
Net Change in Plan Fiduciary Net Position 8,924,399 193,377 7,632,708 15,438,122
Plan Fiduciary Net Position - Beginning 90,763,143 99,687,542 98,558,837 106,191,545
Prior period adjustment - (1,322,082) - -
Plan Fiduciary Net Position - Beginning, restated 90,763,143 98,365,460 98,558,837 106,191,545
Plan Fiduciary Net Position - Ending 99,687,542$ 98,558,837$ 106,191,545$ 121,629,667$
Employer's Net Pension Liability 89,636,697$ 106,211,713$ 112,304,807$ 110,994,072$
Plan fiduciary net position as a percentage of the total pension liability 52.65%48.13%48.60%52.29%
Covered payroll 13,537,726$ 14,921,328$ 17,474,672$ 15,352,846$
Employer's net pension liability as a percentage of covered payroll 662.13%711.81%642.67%722.95%
For the measurement date December 31,2019,there were no changes in assumptions.There were changes in plan benefits required under PA-101-
0610 (SB 1300).
For the measurement date December 31,2018,there were changes in assumptions related to the mortality tables.Additionally,the discount rate was
increased to 6.50%.
The discount rate used in the valuation dated December 31,2017 is 6.25%.The discount rate used in the prior actuarial valuation,dated December 31,
2015, is 6.50%. The discount rate used in the valuation dated, dated December 31, 2014 was 6.75%.
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information
should be presented for as many years as is available.
- 86 -
2018 2019 2020
4,285,425$ 3,980,758$ 4,018,178$
14,433,770 15,128,398 16,138,601
- 853,365 -
3,079,328 4,364,013 2,021,226
(7,459,427) 4,127,403 -
(11,937,685) (12,522,660) (13,376,879)
2,401,411 15,931,277 8,801,126
232,623,739 235,025,150 250,956,427
235,025,150$ 250,956,427$ 259,757,553$
10,462,704$ 10,502,308$ 11,225,650$
1,570,309 1,583,631 1,522,969
(4,911,053) 25,043,593 17,521,008
(11,937,685) (12,522,660) (13,376,879)
(58,885) (52,088) (66,152)
(4,874,610) 24,554,784 16,826,596
121,629,667 116,755,057 141,309,841
- - -
121,629,667 116,755,057 141,309,841
116,755,057$ 141,309,841$ 158,136,437$
118,270,093$ 109,646,586$ 101,621,116$
49.68%56.31%60.88%
15,845,701$ 15,980,131$ 15,368,002$
746.39%686.14%661.25%
(See independent auditor's report.)
- 87 -
CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
Firefighters' Pension Fund
Last Seven Fiscal Years
MEASUREMENT DATE DECEMBER 31, 2014 2015 2016 2017
Total Pension Liability
Service cost 2,326,092$ 2,431,680$ 2,731,257$ 2,813,961$
Interest 9,391,253 9,656,198 9,922,911 10,507,435
Changes in benefit terms - - - -
Differences between expected and actual experience - 1,184,609 (3,239,221) 368,761
Changes of assumptions - 4,239,272 7,971,672 5,192,584
Benefit payments, including refunds of member contributions (7,727,683) (8,067,965) (8,343,940) (8,609,369)
Net Change in Total Pension Liability 3,989,662 9,443,794 9,042,679 10,273,372
Total Pension Liability - Beginning 140,667,430 144,657,092 154,100,886 163,143,565
Total Pension Liability - Ending 144,657,092$ 154,100,886$ 163,143,565$ 173,416,937$
Plan Fiduciary Net Position
Contributions - employer 6,527,697$ 6,385,244$ 7,396,641$ 8,205,800$
Contributions - member 919,874 956,092 997,198 974,992
Net investment income 3,549,131 228,236 3,894,765 7,974,296
Benefit payments, including refunds of member contributions (7,727,683) (8,067,965) (8,343,940) (8,609,369)
Administrative expense (52,248) (44,597) (85,750) (72,640)
Net Change in Plan Fiduciary Net Position 3,216,771 (542,990) 3,858,914 8,473,079
Plan Fiduciary Net Position - Beginning 65,024,941 68,241,712 66,741,084 70,599,998
Prior period adjustment - (957,638) - -
Plan Fiduciary Net Position - Beginning, restated 65,024,941 67,284,074 66,741,084 70,599,998
Plan Fiduciary Net Position - Ending 68,241,712$ 66,741,084$ 70,599,998$ 79,073,077$
Employer's Net Pension Liability 76,415,380$ 87,359,802$ 92,543,567$ 94,343,860$
Plan fiduciary net position as a percentage of the total pension liability 47.17%43.31%43.27%45.60%
Covered payroll 9,520,925$ 10,396,357$ 10,546,779$ 10,311,920$
Employer's net pension liability as a percentage of covered payroll 802.60%840.29%877.46%914.90%
Ultimately,this schedule should present information for the last ten years.However,until ten years of information can be compiled,information
should be presented for as many years as is available.
The discount rate used in the valuation dated December 31,2017 is 6.25%.The discount rate used in the prior actuarial valuation,dated December 31,
2015, is 6.50%. The discount rate used in the actuarial valuation dated December 31, 2014 was 6.75%.
For the measurement date December 31,2018,there were changes in assumptions related to the mortality tables.Additionally,the discount rate was
increased to 6.50%.
For the measurement date December 31,2019,there were no changes in assumptions.There were changes in plan benefits required under PA-101-
0610 (SB 1300).
- 88 -
2018 2019 2020
3,026,223$ 2,763,258$ 2,948,730$
10,741,734 11,061,538 12,013,035
- 799,936 -
384,928 5,218,449 122,642
(6,192,362) 4,549,731 -
(9,150,830) (9,624,766) (10,255,160)
(1,190,307) 14,768,146 4,829,247
173,416,937 172,226,630 186,994,776
172,226,630$ 186,994,776$ 191,824,023$
8,344,947$ 8,266,584$ 9,257,516$
1,098,506 954,112 986,040
(3,478,827) 14,527,581 11,387,655
(9,150,830) (9,624,766) (10,255,160)
(105,755) (97,588) (148,979)
(3,291,959) 14,025,923 11,227,072
79,073,077 75,781,118 89,807,041
- - -
79,073,077 75,781,118 89,807,041
75,781,118$ 89,807,041$ 101,034,113$
96,445,512$ 97,187,735$ 90,789,910$
44.00%48.03%52.67%
11,618,255$ 10,341,544$ 10,428,768$
830.12%939.78%870.57%
(See independent auditor's report.)
- 89 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Taxes 66,862,987$ 61,844,183$ (5,018,804)$
Licenses and permits 10,653,350 11,852,700 1,199,350
Intergovernmental 18,755,317 20,623,159 1,867,842
Charges for services 9,625,150 7,878,650 (1,746,500)
Fines 4,650,500 2,982,548 (1,667,952)
Investment income 55,000 69,081 14,081
Miscellaneous 1,668,100 1,925,810 257,710
Total Revenues 112,270,404 107,176,131 (5,094,273)
Expenditures
General management and support 18,489,252 17,519,219 (970,033)
Public safety 67,117,443 65,564,462 (1,552,981)
Public works 13,002,083 11,566,570 (1,435,513)
Health and human services development 4,741,929 3,749,232 (992,697)
Recreation and cultural opportunities 11,456,451 9,351,125 (2,105,326)
Housing and economic development 3,425,044 3,131,019 (294,025)
Total Expenditures 118,232,202 110,881,627 (7,350,575)
Excess (Deficiency) of Revenues
Over Expenditures (5,961,798) (3,705,496) 2,256,302
Other Financing Sources (Uses)
Transfers in 9,923,153 9,369,103 (554,050)
Transfers (out)(2,336,042) (2,878,542) (542,500)
Total Other Financing Sources (Uses)7,587,111 6,490,561 (1,096,550)
Net Change in Fund Balance 1,625,313$ 2,785,065 1,159,752$
Fund Balances
Beginning of Year 15,889,899
End of Year 18,674,964$
(See independent auditor's report.)
- 90 -
CITY OF EVANSTON, ILLINOIS
Schedule of Investment Returns
Police Pension Fund
Last Seven Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2014 2015 2016 2017 2018 2019 2020
Annual money-weighted rate of return,
net of investment expense 9.54%1.45%6.90%14.25%-5.20%21.13%12.88%
Ultimately,this schedule should present return information for the last ten years.However,until ten years of information can be compiled,
return information should be presented for as many years as is available.
(See independent auditor's report.)
- 91 -
CITY OF EVANSTON, ILLINOIS
Schedule of Investment Returns
Firefighters' Pension Fund
Last Seven Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2014 2015 2016 2017 2018 2019 2020
Annual money-weighted rate of return,
net of investment expense 5.47%0.36%5.90%11.42%-4.54%19.62%12.72%
Ultimately,this schedule should present return information for the last ten years.However,until ten years of information can be compiled,return
information should be presented for as many years as is available.
(See independent auditor's report.)
- 92 -
CITY OF EVANSTON, ILLINOIS
Notes to Required Supplementary Information
December 31, 2020
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.
Discrete Component Unit:
1.
2.
3.
4.
5.
During the year, budget amendments were approved by the City Council.
A series of public library board meetings are conducted as the EPL Board of Trustees considers the
budget proposal. Taxpayer comments are received and noted.
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 1,2020.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.
The Library follows these procedures in establishing the budgetary data reflected in the financial statements:
Because of a calendar year,the Library Director submits a proposed operating budget for the upcoming
fiscal year commencing January 1,2020 to the EPL Board of Trustees.Upon approval of the budget
proposal by the EPL Board of Trustees,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.
Budgets are legally adopted on a basis consistent with GAAP.Annual appropriated budgets are adopted
for the General,Special Revenue,Debt Service,Capital Projects,Enterprise,and Internal Service Funds,
and Pension Trust Funds. All annual budgets lapse at fiscal year end.
The City had no funds which had an excess of actual budgetary expenditures over original and final budget for the
fiscal year ended December 31, 2020.
The budget is legally enacted through passage of a resolution by the City Council.
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.
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.
Budgets are legally adopted on a basis consistent with GAAP.The budget is prepared for the Library
Operating Fund, Library Capital Fund, and Library Debt Service Fund.
- 93 -
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, 2020
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Revenues
Taxes
Property
Current year levy 32,472,987$ 32,472,987$ 32,469,627$ (3,360)$
Total Property Taxes 32,472,987 32,472,987 32,469,627 (3,360)
Personal Property Replacement Tax 1,355,000 1,355,000 1,500,129 145,129
Other Taxes
State use tax 2,100,000 2,100,000 3,326,042 1,226,042
Sales tax - home rule 7,800,000 7,800,000 6,743,960 (1,056,040)
Auto rental tax 55,000 55,000 55,001 1
Transportation network provider tax 680,000 680,000 238,373 (441,627)
Athletic contest tax 1,160,000 1,160,000 204,810 (955,190)
Municipal hotel tax 2,390,000 2,390,000 1,135,071 (1,254,929)
Utility tax 6,720,000 6,720,000 5,856,287 (863,713)
Cigarette tax 250,000 250,000 211,964 (38,036)
Evanston motor fuel tax 1,300,000 1,300,000 769,514 (530,486)
Liquor tax 3,150,000 3,150,000 2,878,922 (271,078)
Medical cannabis tax - - 91,520 91,520
Recreational cannabis tax - - 265,094 265,094
Parking tax 3,200,000 3,200,000 2,423,938 (776,062)
Amusement tax 430,000 430,000 222,870 (207,130)
Foreign fire tax - - 199,633 199,633
Real estate transfer tax 3,800,000 3,800,000 3,251,428 (548,572)
Total Other Taxes 33,035,000 33,035,000 27,874,427 (5,160,573)
Total Taxes 66,862,987 66,862,987 61,844,183 (5,018,804)
Licenses and Permits
Vehicle licenses 3,000,000 3,000,000 2,660,196 (339,804)
Business licenses 97,800 97,800 6,938 (90,862)
Bed and breakfast licenses 150 150 - (150)
Collection box license 2,500 2,500 28,995 26,495
Pet licenses 10,000 10,000 16,076 6,076
Contractor licenses 170,000 170,000 178,200 8,200
Rooming house licenses 275,000 275,000 87,258 (187,742)
Liquor licenses 525,000 525,000 372,150 (152,850)
One-day liquor licenses 12,000 12,000 2,750 (9,250)
Farmer's market licenses 51,250 51,250 43,680 (7,570)
Rental building register 85,000 85,000 217,896 132,896
Other licenses 20,000 20,000 - (20,000)
Long-term care license 120,000 120,000 54,540 (65,460)
Seasonal foot ESTB 15,000 15,000 5,497 (9,503)
Mobile food vehicle license 1,450 1,450 958 (492)
Hen coop license 800 800 150 (650)
Resident care home license 1,200 1,200 - (1,200)
Building permits 4,225,100 4,225,100 6,644,527 2,419,427
Plumbing permits - - 585 585
Signs and awnings - - 70 70
Other/miscellaneous permits - - 21,891 21,891
Elevator permits 42,000 42,000 35,095 (6,905)
Heating vent/AC permits - - 75 75
(This schedule is continued on the following pages.)
- 94 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Revenues - Continued
Licenses and Permits - Continued
Right of way permits 358,000$ 358,000$ (2,068)$ (360,068)$
Residents parking permit 228,000 228,000 185,044 (42,956)
Visitor parking permit 13,000 13,000 11,684 (1,316)
Fire suppression/alarm permit 100,000 100,000 66,734 (33,266)
Oversize truck permit 20,000 20,000 24,800 4,800
Commercial drive permits - - 4,270 4,270
Moving van permit 57,000 57,000 45,630 (11,370)
Plat PR. and Sign approval HRG fees 2,100 2,100 - (2,100)
IL Bell franchise fee - - 146,904 146,904
Alarm panel franchise fee 4,000 4,000 - (4,000)
Northwestern University easement 47,000 47,000 - (47,000)
Cable franchise fee 950,000 950,000 930,786 (19,214)
PEG fees - Comcast 145,000 145,000 61,389 (83,611)
Nicor franchise fee 75,000 75,000 - (75,000)
Total Licenses and Permits 10,653,350 10,653,350 11,852,700 1,199,350
Intergovernmental - Revenue from Other Agencies
Retailer and service occupation tax 10,250,000 10,250,000 9,700,815 (549,185)
State income tax 7,600,000 7,600,000 8,202,429 602,429
State highway maintenance 72,200 72,200 26,302 (45,898)
Health Department Basic Service Grant 82,070 82,070 140,527 58,457
Illinois tobacco free community 25,000 25,000 16,653 (8,347)
IL HIV Surveillance Grant 34,150 34,150 7,038 (27,112)
Childhood Lead Poisoning Grant 24,900 24,900 27,500 2,600
Other State/County Grant 50,000 50,000 1,010,295 960,295
Tanning parlor inspection 200 200 - (200)
Fire Department training 6,000 6,000 - (6,000)
CRI Grant 43,463 43,463 47,781 4,318
PEHP Grant 63,734 63,734 53,710 (10,024)
Lead Paid Hazard Grant 39,600 39,600 - (39,600)
Federal Grant/Aid 225,500 225,500 241,119 15,619
Commission on Aging Grant - Advocate - - 102,944 102,944
Vacant Property Grant 37,500 37,500 66,893 29,393
Vector Grant 26,000 26,000 - (26,000)
Civil Defense Grants (F.E.M.A.)- - 845,825 845,825
Narcotics enforcement revenue 20,000 20,000 35,495 15,495
Police training 5,000 5,000 6,000 1,000
Police DUI reimbursement 15,000 15,000 5,321 (9,679)
HUD Emergency Shelter Grant 135,000 135,000 86,512 (48,488)
Other Federal Aid - - - -
Total Intergovernmental - Revenue from Other Agencies 18,755,317 18,755,317 20,623,159 1,867,842
Charges for Services
Recreation
Recreation - program 6,473,500 6,473,500 4,648,130 (1,825,370)
Recreation - other - - 75,671 75,671
Recreation - charges 3,000 3,000 - (3,000)
Recreation - special events 25,000 25,000 9,537 (15,463)
Total Recreation Revenue 6,501,500 6,501,500 4,733,338 (1,768,162)
(This schedule is continued on the following pages.)
- 95 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Revenues - Continued
Charges for Services (Continued)
Other Charges for Services
Health clinic fees - food establishment 230,000$ 230,000$ 99,980$ (130,020)$
Sanitation classes - - 500 500
Temporary license fee 11,000 11,000 383 (10,617)
Food delivery vehicle 6,500 6,500 3,450 (3,050)
Beverage snack vending machine 41,000 41,000 53,575 12,575
Tobacco license 17,000 17,000 16,167 (833)
Beekeeper license 150 150 300 150
Funeral director license 6,000 6,000 - (6,000)
Temp funeral director licenses 4,000 4,000 - (4,000)
Parking enforcement reimbursement 33,500 33,500 44,852 11,352
Property clean up 10,000 10,000 (2,800) (12,800)
Senior Taxi coupon sales 115,000 115,000 54,237 (60,763)
Fire cost recovery charge 1,000 1,000 40 (960)
Historic preservation 30,000 30,000 71,780 41,780
Tree preservation revenue 5,000 5,000 13,683 8,683
Ambulance service 2,200,000 2,200,000 2,609,233 409,233
Police report fees 25,000 25,000 18,960 (6,040)
Zoning fees 130,000 130,000 15,665 (114,335)
Fire building inspections 100 100 - (100)
Fire report fee 25,000 25,000 8,688 (16,312)
Passport processing Fee 30,000 30,000 70 (29,930)
Alarm panel subscription fees 115,000 115,000 118,272 3,272
Background check daycare providers 400 400 75 (325)
New pavement degradation 80,000 80,000 - (80,000)
I Heart Evanston Trees project 3,000 3,000 1,530 (1,470)
Dumpster permit fee - - 270 270
Moving van permit fees - - (335) (335)
Residential refuse - - 16,041 16,041
Plan review 5,000 5,000 696 (4,304)
Total Other Service Charges 3,123,650 3,123,650 3,145,312 21,662
Total Charges for Services 9,625,150 9,625,150 7,878,650 (1,746,500)
Fines
Ticket fines - parking 3,800,000 3,800,000 2,402,138 (1,397,862)
Regular fines 115,000 115,000 245,324 130,324
Animal ordinance penalties 7,500 7,500 - (7,500)
Boot release fee 90,000 90,000 21,820 (68,180)
Fire false alarm fines 115,000 115,000 23,415 (91,585)
Police CTA detail 300,000 300,000 242,936 (57,064)
Police false alarm fines - - (500) (500)
Housing code violation fines 40,000 40,000 2,900 (37,100)
Permit penalty fees 8,000 8,000 - (8,000)
Administrative adjudication fee 175,000 175,000 44,515 (130,485)
Total Fines 4,650,500 4,650,500 2,982,548 (1,667,952)
(This schedule is continued on the following page.)
- 96 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Revenues - Continued
Investment Income 55,000$ 55,000$ 69,081$ 14,081$
Other Revenues
Police equipment reimbursement 10,000 10,000 2,777 (7,223)
Holiday food drive 10,000 10,000 - (10,000)
Women Out Walking 6,000 6,000 2,125 (3,875)
Property sales and rentals 51,100 51,100 207,482 156,382
Property damage - - 2,915 2,915
Donation 13,900 13,900 158,454 144,554
Miscellaneous revenue 227,100 227,100 562,864 335,764
Market Link vouchers 30,000 30,000 37,403 7,403
Sale of other assets 1,500 1,500 2,104 604
Reimbursements - serve and protect 105,000 105,000 46,093 (58,907)
Reimbursements - salt use 45,000 45,000 39,998 (5,002)
Reimbursements - fire department 105,000 105,000 101,930 (3,070)
Reimbursements - police 500,000 500,000 252,236 (247,764)
Rethink Your Drink 5,000 5,000 - (5,000)
Aging Well conference 2,000 2,000 1,600 (400)
Community relief program - - 20,000 20,000
Payment in lieu of taxes 200,000 200,000 110,000 (90,000)
Chargeback revenue 300,000 300,000 316,144 16,144
Private Elm Trees Insurance 35,000 35,000 33,960 (1,040)
Citizens CPR class fees 6,500 6,500 22,725 16,225
Parking permits - Ryan Field 15,000 15,000 - (15,000)
Mayor's summer youth program - - 5,000 5,000
Total Other Revenues 1,668,100 1,668,100 1,925,810 252,710
Total Revenues 112,270,404$ 112,270,404$ 107,176,131$ (5,094,273)$
(See independent auditor's report.)
- 97 -
CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual Variance
Expenditures
General Management and Support
City Council 552,609$ 472,270$ (80,339)$
City Manager and Budget Management 6,793,079 7,036,299 243,220
City Clerk 182,073 183,832 1,759
Law Department 683,577 511,640 (171,937)
Administrative Services 10,277,914 9,315,178 (962,736)
Total General Management and Support 18,489,252 17,519,219 (970,033)
Public Safety
Police 41,131,727 38,745,530 (2,386,197)
Fire 25,985,716 26,818,932 833,216
Total Public Safety 67,117,443 65,564,462 (1,552,981)
Public Works
Public Works Director 3,914,489 3,868,478 (46,011)
Municipal Service Center 1,761,428 1,554,017 (207,411)
City Engineer 272,383 228,941 (43,442)
Traffic Engineer 4,037,457 3,513,923 (523,534)
Streets 2,854,504 2,337,654 (516,850)
Sanitation 161,822 63,557 (98,265)
Total Public Works 13,002,083 11,566,570 (1,435,513)
Health and Human Services Development
COVID Contact Tracing - 155,910 155,910
Health and Human Services Director 254,187 192,073 (62,114)
Health Department 1,119,990 950,660 (169,330)
Mental Health and Community Purchased Services - 4,460 4,460
Human Relations 3,367,752 2,446,129 (921,623)
Total Health and Human Services Development 4,741,929 3,749,232 (992,697)
Recreation and Cultural Opportunities
Recreation 10,324,253 8,516,135 (1,808,118)
Ecology Center 551,120 377,947 (173,173)
Cultural Arts 581,078 457,043 (124,035)
Total Recreation and Cultural Opportunities 11,456,451 9,351,125 (2,105,326)
Housing and Economic Development
Community Development Administration 504,130 441,419 (62,711)
Planning and Zoning 785,766 742,725 (43,041)
Housing Rehabilitation and Property Standards 490,509 468,136 (22,373)
Building Code Compliance 1,644,639 1,478,739 (165,900)
Total Housing and Economic Development 3,425,044 3,131,019 (294,025)
Total Expenditures 118,232,202$ 110,881,627$ (7,350,575)$
(See independent auditor's report.)
- 98 -
CITY OF EVANSTON, ILLINOIS
General Obligation Debt Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original Budget Final Budget Actual Variance
Taxes
Property taxes
Current year levy, net 12,521,931$ 12,521,931$ 12,814,109$ 292,178$
Investment income 1,500 1,500 24,864 23,364
Total Revenues 12,523,431 12,523,431 12,838,973 315,542
General management and support - 41 41 -
Debt Service
Principal 9,987,933 21,946,924 9,987,933 (11,958,991)
Interest 5,853,048 5,855,436 5,643,147 (212,289)
Fiscal agent fees - 6,650 133,766 127,116
Total Expenditures 15,840,981 27,809,051 15,764,887 (12,044,164)
Excess (Deficiency) of Revenues
Over Expenditures (3,317,550) (15,285,620) (2,925,914) 12,359,706
Issuance of bonds - - 10,092,495 10,092,495
Premium on issuance of bonds - - 1,961,790 1,961,790
Payment to escrow agent - - (12,143,396) (12,143,396)
Transfers in 3,319,053 3,319,053 3,319,053 -
Total Other Financing Sources (Uses)3,319,053 3,319,053 3,229,942 (89,111)
Net Changes in Fund Balances 1,503$ (11,966,567)$ 304,028 12,270,595$
Fund Balances
Beginning of Year 417,431
End of Year 721,459$
Revenues
Expenditures
Other Financing Sources (Uses)
(See independent auditor's report.)
- 99 -
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.
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 the City. 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.
Special Service District No. 9 - (successor to SSA #4) was reestablished in 2019 to provide certain public
services to supplement services currently or customarily provided by the City to the Area. Services
include the promotion and advertisement of the Area in order to attract businesses and consumers, and
provide any other public services to the Area which the City may deem appropriate from time to time.
SSA#9 is managed by Downtown Evanston (formerly EvMark), an Illinois not-for-profit corporation.
Financing is provided by the City through an annual property tax levy.
Reparations - to account for the municipal tax revenues (at 3% of retail price) collected from the sales of
recreational cannabis
Good Neighbor - to account for the resources provided by Northwestern University to assist city functions
and increase programming.
General Assistance - to account for the assistance given to persons and/or families to meet their basic
living expenses.
Debt Service Funds
Debt Service Funds are used to account for the servicing of general long-term debt.
Chicago Main TIF - To account for principal and interest payments on debt proceeds issued and allocated
to this tax increment financing district.
Special Service Area No. 6 Fund - to account for promotion, advertisement, and street maintenance costs
of the area located in the City’s commercial district surrounding Dempster, Chicago, and Main. Financing
is provided by the City through an annual special service area property tax levy.
Special Service Area No. 7 Fund - to account for the City’s support of commercial properties located in
the Central Street merchant district. SSA #7 represents the east portion of Central Street located between
Hartrey on the west, Eastwood on the east, Isabella on the north and Lincoln on the south. The purpose of
the Central Street SSA districts is to help the merchant association grow and establish a stable funding
stream for merchant and business district activities. Financing is provided by the City through an annual
special service area property tax levy.
Special Service Area No. 8 Fund - to account for the City’s support of commercial properties located in
the Central Street merchant district. SSA #8 represents the west portion of Central Street located between
Central Park Ave. on the west and Ewing Ave. on the east. The purpose of the Central Street SSA
districts is to help the merchant association grow and establish a stable funding stream for merchant and
business district activities. Financing is provided by the City through an annual special service area
property tax levy.
Dempster-Dodge 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.
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.
Crown Construction - To account for capital improvements (primarily alley paving) financed by
both special assessments on property owners and city contributions.
Crown Maintenance - To account for capital improvements (primarily alley paving) financed by
both special assessments on property owners and city contributions.
Special Assessment - To account for capital improvements (primarily alley paving) financed by both
special assessments on property owners and City contributions.
CITY OF EVANSTON, ILLINOIS
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2020
Emergency
Motor Fuel Telephone Neighborhood Affordable
Tax System Improvement Housing
Cash and equivalents -$ 237,426$ 22,120$ 1,534,840$
Investments 3,926,490 693,964 - 2,406,121
Receivables
Property tax - - - -
Loans - - - 1,383,379
Special assessments - - - -
Other - - - -
Due from other governments 247,265 356,658 - 168,252
Due from other funds - 107,239 1 22,209
Advances to other funds - - - -
Total Assets 4,173,755$ 1,395,287$ 22,121$ 5,514,801$
Liabilities
Vouchers payable 211,013$ 5,657$ -$ 189,012$
Due to other governments - - - 140,627
Due to other funds - - - -
Total Liabilities 211,013 5,657 - 329,639
Deferred Inflows of Resources
Long-term notes receivable - - - 1,383,379
Unavailable revenue - property taxes - - - -
Total Deferred Inflows of Resources - - - 1,383,379
Total Liabilities and Deferred Inflows of Resources 211,013 5,657 - 1,713,018
Fund Balances
Restricted for
Highway Maintenance 3,962,742 - - -
Emergency Telephone System - 1,389,630 - -
HUD Approved Projects - - - -
Neighborhood Improvements - - 22,121 3,801,783
Reparations - - - -
Debt Service - - - -
General Assistance - - - -
Capital Improvements - - - -
Assigned - - - -
Unassigned (deficit)- - - -
Total Fund Balances (Deficit)3,962,742 1,389,630 22,121 3,801,783
Total Liabilities, Deferred Inflows of Resources,
and Fund Balances 4,173,755$ 1,395,287$ 22,121$ 5,514,801$
Assets
Special Revenue
- 100 -
Special
Community Community Service Total
Development Development District Good General Special
HOME Block Grant Loan No. 9 Reparations Neighbor Assistance Revenue
22,258$ -$ 133,856$ -$ 218,042$ 354,604$ 380,108$ 2,903,254$
- - - - - - 15,677 7,042,252
- - - 592,665 - - 1,300,000 1,892,665
4,991,463 - 1,893,876 - - - - 8,268,718
- - - - - - - -
- - - - - - - -
40,554 369,423 - - - - - 1,182,152
2,070 - 90,369 - 100 14 - 222,002
- - - - - - - -
5,056,345$ 369,423$ 2,118,101$ 592,665$ 218,142$ 354,618$ 1,695,785$ 21,511,043$
35,317$ 57,894$ 41,400$ -$ -$ 3,800$ -$ 544,093$
- - - - - - - 140,627
- 250,706 - 214,660 - - 6,248 471,614
35,317 308,600 41,400 214,660 - 3,800 6,248 1,156,334
4,991,463 - 1,893,876 - - - - 8,268,718
- - - 592,665 - - 1,300,000 1,892,665
4,991,463 - 1,893,876 592,665 - - 1,300,000 10,161,383
5,026,780 308,600 1,935,276 807,325 - 3,800 1,306,248 11,317,717
- - - - - - - 3,962,742
- - - - - - - 1,389,630
29,565 60,823 182,825 - - - - 273,213
- - - - - - - 3,823,904
- - - - 218,142 - - 218,142
- - - - - - - -
- - - - - - 389,537 389,537
- - - - - 350,818 - 350,818
- - - - - - - -
- - - (214,660) - - - (214,660)
29,565 60,823 182,825 (214,660) 218,142 350,818 389,537 10,193,326
5,056,345$ 369,423$ 2,118,101$ 592,665$ 218,142$ 354,618$ 1,695,785$ 21,511,043$
Special Revenue
(This schedule is continued on the following pages.)
- 101 -
CITY OF EVANSTON, ILLINOIS
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2020
Chicago Main Special Special Special Dempster-Dodge
Tax Service Service Service Tax
Increment Area Area Area Increment
District No. 6 No. 7 No. 8 District
Cash and equivalents 1,377,675$ 4,072$ 70,542$ -$ 212,971$
Investments - - - - -
Receivables
Property tax - 221,000 154,800 60,200 -
Loans - - - - -
Special assessments - - - - -
Other - - - - -
Due from other governments - - - - -
Due from other funds 398 1 - 1,046 62
Advances to other funds - - - - -
Total Assets 1,378,073$ 225,073$ 225,342$ 61,246$ 213,033$
Liabilities
Vouchers payable 53,402$ -$ -$ -$ 771$
Due to other governments - - - - -
Due to other funds - - 70,190 - -
Total Liabilities 53,402 - 70,190 - 771
Deferred Inflows of Resources
Long-term notes receivable - - - - -
Unavailable revenue - property taxes - 221,000 154,800 60,200 -
Total Deferred Inflows of Resources - 221,000 154,800 60,200 -
Total Liabilities and Deferred Inflows of Resources 53,402 221,000 224,990 60,200 771
Fund Balances
Restricted for
Highway Maintenance - - - - -
Emergency Telephone System - - - - -
HUD Approved Projects - - - - -
Neighborhood Improvements - 4,073 352 1,046 -
Reparations - - - - -
Debt Service 1,324,671 - - - 212,262
Township - - - - -
Capital Improvements - - - - -
Assigned - - - - -
Unassigned (deficit)- - - - -
Total Fund Balances (Deficit)1,324,671 4,073 352 1,046 212,262
Total Liabilities, Deferred Inflows of Resources,
and Fund Balances 1,378,073$ 225,073$ 225,342$ 61,246$ 213,033$
Assets
Debt Service
- 102 -
Howard Ridge West Evanston Total
Tax Tax Total Total Nonmajor
Increment Increment Debt Capital Crown Crown Special Capital Governmental
District District Service Improvements Construction Maintenance Assessment Projects Funds
503,286$ 989,454$ 3,158,000$ 5,155,641$ 3,870,517$ 175,000$ 329,336$ 9,530,494$ 15,591,748$
2,011,013 - 2,011,013 2,304,160 98,347 - 2,288,407 4,690,914 13,744,179
17,559 - 453,559 - - - - - 2,346,224
- - - - - - - - 8,268,718
- - - - - - 534,032 534,032 534,032
- - - - - - 4,282 4,282 4,282
- - - - - - - - 1,182,152
143 1,188,616 1,190,266 10,599 2,026,204 - 31,443 2,068,246 3,480,514
- - - 4,000,000 - - - 4,000,000 4,000,000
2,532,001$ 2,178,070$ 6,812,838$ 11,470,400$ 5,995,068$ 175,000$ 3,187,500$ 20,827,968$ 49,151,849$
195,957$ 383,439$ 633,569$ 951,889$ 3,364,184$ -$ -$ 4,316,073$ 5,493,735$
- - - - - - - - 140,627
- - 70,190 - - - - - 541,804
195,957 383,439 703,759 951,889 3,364,184 - - 4,316,073 6,176,166
- - - - - - 534,032 534,032 8,802,750
- - 436,000 - - - - - 2,328,665
- - 436,000 - - - 534,032 534,032 11,131,415
195,957 383,439 1,139,759 951,889 3,364,184 - 534,032 4,850,105 17,307,581
- - - - - - - - 3,962,742
- - - - - - - - 1,389,630
- - - - - - - - 273,213
- - 5,471 - - - 2,653,468 2,653,468 6,482,843
- - - - - - - - 218,142
2,336,044 1,794,631 5,667,608 - - - - - 5,667,608
- - - - - - - - 389,537
- - - - - - - - 350,818
- - - 10,518,511 2,630,884 175,000 - 13,324,395 13,324,395
- - - - - - - (214,660)
2,336,044 1,794,631 5,673,079 10,518,511 2,630,884 175,000 2,653,468 15,977,863 31,844,268
2,532,001$ 2,178,070$ 6,812,838$ 11,470,400$ 5,995,068$ 175,000$ 3,187,500$ 20,827,968$ 49,151,849$
Capital ProjectsDebt Service
(See independent auditor's report.)
- 103 -
CITY OF EVANSTON, ILLINOIS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Fiscal Year Ended December 31, 2020
Emergency
Motor Fuel Telephone Neighborhood Affordable
Tax System Improvement Housing
Revenues
Taxes -$ 1,460,635$ -$ 76,650$
Special assessments - - - -
Intergovernmental 4,346,950 240,821 - 255,300
Investment income 18,013 5,531 335 27,280
Miscellaneous
Contributions - - - 650,000
Other - - - 5,417
Total Revenues 4,364,963 1,706,987 335 1,014,647
Expenditures
Current
General management and support - - - -
Public safety - 1,328,317 - -
Public works 2,026,266 - - -
Housing and economic development - - 78 1,138,467
Debt services
Fiscal charges - - - -
Capital outlay - - - -
Total Expenditures 2,026,266 1,328,317 78 1,138,467
Excess (Deficiency) of Revenues
Over Expenditures 2,338,697 378,670 257 (123,820)
Other Financing Sources (Uses)
Issuance of bonds - - - -
Premium (discount) on bonds issued - - - -
Transfers in - - - -
Transfers (out)(1,044,987) (260,000) (150,000) -
Total Other Financing Sources (Uses)(1,044,987) (260,000) (150,000) -
Net Change in Fund Balances 1,293,710 118,670 (149,743) (123,820)
Fund Balances (Deficit), January 1 2,669,032 1,270,960 171,864 3,925,603
Fund Balances (Deficit), December 31 3,962,742$ 1,389,630$ 22,121$ 3,801,783$
Special Revenue
- 104 -
Special
Community Community Service Total
Development Development District Good General Special
HOME Block Grant Loan No. 9 Reparations Neighbor Assistance Revenue
-$ -$ -$ 603,396$ -$ -$ 1,100,904$ 3,241,585$
- - - - - - - -
427,547 1,698,646 - - - - - 6,969,264
31,322 - 2,388 87 - 1,805 3,132 89,893
- - - - 16,807 1,000,000 - 1,666,807
12,334 - 74,016 - - - 42,116 133,883
471,203 1,698,646 76,404 603,483 16,807 1,001,805 1,146,152 12,101,432
- - - - - 103,532 1,119,656 1,223,188
- - - - - - - 1,328,317
- - - - - - - 2,026,266
449,163 1,701,120 120,964 591,950 - - - 4,001,742
- - - - - - - -
- - - - - - - -
449,163 1,701,120 120,964 591,950 - 103,532 1,119,656 8,579,513
22,040 (2,474) (44,560) 11,533 16,807 898,273 26,496 3,521,919
- - - - - - - -
- - - - - - - -
- - - - 200,000 - - 200,000
- - - - - (800,000) - (2,254,987)
- - - - 200,000 (800,000) - (2,054,987)
22,040 (2,474) (44,560) 11,533 216,807 98,273 26,496 1,466,932
7,525 63,297 227,385 (226,193) 1,335 252,545 363,041 8,726,394
29,565$ 60,823$ 182,825$ (214,660)$ 218,142$ 350,818$ 389,537$ 10,193,326$
Special Revenue
(This schedule in continued on the following pages.)
- 105 -
CITY OF EVANSTON, ILLINOIS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Fiscal Year Ended December 31, 2020
Chicago Main Special Special Special Dempster-Dodge
Tax Service Service Service Tax
Increment Area Area Area Increment
District No. 6 No. 7 No. 8 District
Revenues
Taxes 1,145,555$ 224,827$ 141,256$ 59,744$ 170,306$
Special assessments - - - - -
Intergovernmental - - - - -
Investment income 5,057 316 91 24 796
Miscellaneous
Contributions - - - - -
Other - - - - -
Total Revenues 1,150,612 225,143 141,347 59,768 171,102
Expenditures
Current
General management and support - - - - -
Public safety - - - - -
Public works - - - - -
Housing and economic development 252,084 226,412 140,995 58,722 773
Debt services
Fiscal charges - - - - -
Capital outlay - - - - -
Total Expenditures 252,084 226,412 140,995 58,722 773
Excess (Deficiency) of Revenues
Over Expenditures 898,528 (1,269) 352 1,046 170,329
Other Financing Sources (Uses)
Issuance of bonds - - - - -
Premium (discount) on bonds issued - - - - -
Transfers in - - - - 100,000
Transfers (out)(260,610) - - - (165,870)
Total Other Financing Sources (Uses)(260,610) - - - (65,870)
Net Change in Fund Balances 637,918 (1,269) 352 1,046 104,459
Fund Balances (Deficit), January 1 686,753 5,342 - - 107,803
Fund Balances (Deficit), December 31 1,324,671$ 4,073$ 352$ 1,046$ 212,262$
Debt Service
- 106 -
Howard Ridge West Evanston Total
Tax Tax Total Total Nonmajor
Increment Increment Debt Capital Crown Crown Special Capital Governmental
District District Service Improvements Construction Maintenance Assessment Projects Funds
1,227,408$ 1,697,958$ 4,667,054$ -$ -$ -$ -$ -$ 7,908,639$
- - - - - - 185,074 185,074 185,074
- - - - - - - - 6,969,264
12,999 6,071 25,354 104,101 90,688 - 18,578 213,367 328,614
- - - 275,000 2,037,500 - - 2,312,500 3,979,307
20,632 10,283 30,915 36,000 - - - 36,000 200,798
1,261,039 1,714,312 4,723,323 415,101 2,128,188 - 203,652 2,746,941 19,571,696
- - - 24,466 - - 60 24,526 1,247,714
- - - 77,172 - - - 77,172 1,405,489
- - - 4,860,355 333,462 - - 5,193,817 7,220,083
735,740 495,157 1,909,883 - - - - - 5,911,625
- - - 79,935 - - - 79,935 79,935
- - - 4,216,928 8,172,492 - - 12,389,420 12,389,420
735,740 495,157 1,909,883 9,258,856 8,505,954 - 60 17,764,870 28,254,266
525,299 1,219,155 2,813,440 (8,843,755) (6,377,766) - 203,592 (15,017,929) (8,682,570)
- - - 6,105,000 - - - 6,105,000 6,105,000
- - - 417,020 - - - 417,020 417,020
- - 100,000 470,000 2,000,000 175,000 - 2,645,000 2,945,000
(314,020) (135,000) (875,500) (290,000) (637,500) - (477,930) (1,405,430) (4,535,917)
(314,020) (135,000) (775,500) 6,702,020 1,362,500 175,000 (477,930) 7,761,590 4,931,103
211,279 1,084,155 2,037,940 (2,141,735) (5,015,266) 175,000 (274,338) (7,256,339) (3,751,467)
2,124,765 710,476 3,635,139 12,660,246 7,646,150 - 2,927,806 23,234,202 35,595,735
2,336,044$ 1,794,631$ 5,673,079$ 10,518,511$ 2,630,884$ 175,000$ 2,653,468$ 15,977,863$ 31,844,268$
Capital ProjectsDebt Service
(See independent auditor's report.)
- 107 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments 3,220,400$ 4,346,950$ 1,126,550$
Interest 12,000 18,013 6,013
Total Revenues 3,232,400 4,364,963 1,132,563
Expenditures
Public Works 2,440,000 2,026,266 (413,734)
Excess (Deficiency) of Revenues
Over Expenditures 792,400 2,338,697 1,546,297
Other Financing Sources (Uses)
Transfers (out)(1,044,987) (1,044,987) -
Other Financing Sources (Uses) - Net (1,044,987) (1,044,987) -
Net Change in Fund Balance (252,587)$ 1,293,710 1,546,297$
Fund Balances
Beginning of Year 2,669,032
End of Year 3,962,742$
(See independent auditor's report.)
- 108 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Taxes and special assessments 1,321,600$ 1,460,635$ 139,035$
Intergovernmental 240,821 240,821 -
Interest 7,000 5,531 (1,469)
Total Revenues 1,569,421 1,706,987 137,566
Expenditures
Public safety 1,561,374 1,328,317 (233,057)
Excess (Deficiency) of Revenues
Over Expenditures 8,047 378,670 370,623
Other Financing Sources (Uses)
Transfers (out)(260,000) (260,000) -
Net Change in Fund Balance (251,953)$ 118,670 370,623$
Fund Balance
Beginning of Year 1,270,960
End of Year 1,389,630$
(See independent auditor's report.)
- 109 -
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, 2020
Original
Budget Final Budget Actual Variance
Revenues
Interest -$ -$ 335$ 335$
Expenditures
Housing and economic development - 78 78 -
Excess (Deficiency) of Revenues
Over Expenditures - (78) 257 335
Other Financing Sources (Uses)
Transfers (out)- (150,000) (150,000) -
Total other financing sources (uses)- (150,000) (150,000) -
Net Change in Fund Balance -$ (150,078)$ (149,743) 335$
Fund Balances
Beginning of Year 171,864
End of Year 22,121$
(See independent auditor's report.)
- 110 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Affordable housing demo tax 75,000$ 76,650$ 1,650$
Intergovernmental - 255,300 255,300
Developer contributions 125,000 650,000 525,000
Interest 16,581 27,280 10,699
Miscellaneous 5,600 5,417 (183)
Total Revenues 222,181 1,014,647 792,466
Expenditures
Housing and economic development 1,713,366 1,138,467 (574,899)
Net Change in Fund Balance (1,491,185)$ (123,820) 1,367,365$
Fund Balance
Beginning of Year 3,925,603
End of Year 3,801,783$
(See independent auditor's report.)
- 111 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments 634,528$ 427,547$ (206,981)$
Interest 150 31,322 31,172
Miscellaneous 25,000 12,334 (12,666)
Total Revenues 659,678 471,203 (188,475)
Expenditures
Housing and economic development 659,678 449,163 (210,515)
Net Change in Fund Balance -$ 22,040 22,040$
Fund Balance
Beginning of Year 7,525
End of Year 29,565$
(See independent auditor's report.)
- 112 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments
grant from U.S. Department of
Housing and Urban Development 1,963,875$ 1,698,646$ (265,229)$
Total Revenues 1,963,875 1,698,646 (265,229)
Expenditures
Housing and economic development 1,963,875 1,701,120 (262,755)
Total Expenditures 1,963,875 1,701,120 (262,755)
Net Change in Fund Balance -$ (2,474) (2,474)$
Fund Balance
Beginning of Year 63,297
End of Year 60,823$
(See independent auditor's report.)
- 113 -
CITY OF EVANSTON, ILLINOIS
Community Development Block Grant Fund
Schedule of Expenditures - Budget and Actual (Budgetary Basis)
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual Variance
Administration/Planning
CDBG administration 1,699,797$ 315,080$ (1,384,717)$
Total Administration/Planning 1,699,797 315,080 (1,384,717)
Economic Development
Evanston Community Development Corporation 30,000 76,500 46,500
Total Economic Development 30,000 76,500 46,500
Housing
Rehab construction administration 178,828 94,198 (84,630)
Targeted housing code enforcement - 289,804 289,804
Total Housing 178,828 384,002 205,174
Neighborhood Revitalization
Foster Field Park - 71,817 71,817
Alley paving program - 379,861 379,861
Park improvements - 153,125 153,125
Clyde Brummel Park - 2,330 2,330
Infant Welfare Society - 8,002 8,002
Reba Replace Early Childhood Learning Center - 976 976
Termination payouts - 16,846 16,846
Total Neighborhood Revitalization - 632,957 632,957
Public Services
Girl Scouts Making Choices - 7,000 7,000
Moran/Defender - 26,000 26,000
Youth Job Center of Evanston - 23,338 23,338
Summer youth - 41,848 41,848
YWCA Domestic Violence - 29,000 29,000
Connection for Homeless - 19,000 19,000
Family Focus - 20,000 20,000
Shore Community Services - 5,000 5,000
Meals at Home - 14,000 14,000
North Shore Senior Center - 8,500 8,500
Evanston Schoars - 15,000 15,000
Open Studio Art - 4,000 4,000
Interfaith Housing Program - Homeshare - 19,000 19,000
Books and Breakfast - 12,000 12,000
(This schedule is continued on the following page.)
- 114 -
CITY OF EVANSTON, ILLINOIS
Community Development Block Grant Fund
Schedule of Expenditures - Budget and Actual (Budgetary Basis)
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual Variance
Public Services (Continued)
Graffiti -$ 37,534$ 37,534$
Iwork/hous options - 10,000 10,000
Other charges - 1,361 1,361
Contributions to other agencies 55,250 - (55,250)
Total Public Services 55,250 292,581 237,331
Total Expenditures 1,963,875$ 1,701,120$ (262,755)$
(See independent auditor's report.)
- 115 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Interest -$ 2,388$ 2,388$
Miscellaneous 175,000 74,016 (100,984)
Total Revenues 175,000 76,404 (98,596)
Expenditures
Housing and economic development 175,000 120,964 (54,036)
Net Change in Fund Balance -$ (44,560) (44,560)$
Fund Balances
Beginning of Year 227,385
End of Year 182,825$
(See independent auditor's report.)
- 116 -
CITY OF EVANSTON, ILLINOIS
Special Service District No. 9 Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual Variance
Revenues
Property taxes
Current year 592,665$ 603,396$ 10,731$
Investment income - 87 87
Total Revenues 592,665 603,483 10,818
Expenditures
Housing and economic development 592,665 591,950 (715)
Net Change in Fund Balance (Deficit)-$ 11,533 11,533$
Fund Balance (Deficit)
Beginning of Year (226,193)
End of Year (214,660)$
(See independent auditor's report.)
- 117 -
CITY OF EVANSTON, ILLINOIS
Reparations Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual Variance
Revenues
Taxes 250,000$ -$ (250,000)$
Miscellaneous
Contributions - 16,807 16,807
Total Revenues 250,000 16,807 (233,193)
Expenditures
General management and support 250,000 - (250,000)
Excess (Deficiency) of Revenues
Over Expenditures - 16,807 16,807
Other Financing Sources (Uses)
Transfers in - 200,000 200,000
Other Financing Sources (Uses) - Net - 200,000 200,000
Net Change in Fund Balance -$ 216,807 216,807$
Fund Balance
Beginning of Year 1,335
End of Year 218,142$
(See independent auditor's report.)
- 118 -
CITY OF EVANSTON, ILLINOIS
Good Neighbor Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual Variance
Revenues
Miscellaneous 1,000,000$ 1,000,000$ -$
Investment income 2,000 1,805 (195)
Total Revenues 1,002,000 1,001,805 (195)
Expenditures
General management and support 195,000 103,532 (91,468)
Excess (Deficiency) of Revenues
Over Expenditures 807,000 898,273 91,273
Other Financing Sources (Uses)
Transfers (out)(805,000) (800,000) 5,000
Other Financing Sources (Uses) - Net (805,000) (800,000) 5,000
Net Change in Fund Balance 2,000$ 98,273 96,273$
Fund Balance
Beginning of Year 252,545
End of Year 350,818$
(See independent auditor's report.)
- 119 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Property taxes 1,080,000$ 1,100,904$ 20,904$
Investment income 1,000 3,132 2,132
Miscellaneous 27,500 42,116 14,616
Total Revenues 1,108,500 1,146,152 37,652
Expenditures
General management and support 1,315,848 1,119,656 (196,192)
Net Change in Fund Balance (207,348)$ 26,496 233,844$
Fund Balance
Beginning of Year 363,041
End of Year 389,537$
(See independent auditor's report.)
- 120 -
CITY OF EVANSTON, ILLINOIS
Capital Improvements Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments 510,000$ -$ (510,000)$
Contributions 1,042,000 275,000 (767,000)
Rental income 800,000 - (800,000)
Donations 350,000 - (350,000)
Investment income 50,000 104,101 54,101
Miscellaneous - 36,000 36,000
Total Revenues 2,752,000 415,101 (2,336,899)
Expenditures
General management and support - 24,466 24,466
Public safety - 77,172 77,172
Public works 10,671,344 4,860,355 (5,810,989)
Capital outlay 6,380,537 4,216,928 (2,163,609)
Debt Service
Fiscal agent fees - 79,935 79,935
Total Expenditures 17,051,881 9,258,856 (7,793,025)
Excess (Deficiency) of Revenues
Over Expenditures (14,299,881) (8,843,755) 5,456,126
Other Financing Sources (Uses)
Issuance of bonds 10,000,000 6,105,000 (3,895,000)
Premium on issuance of bonds - 417,020 417,020
Transfers in 320,000 470,000 150,000
Transfers (out)- (290,000) (290,000)
Total Other Financing Sources (Uses)10,320,000 6,702,020 (3,617,980)
Net Change in Fund Balance (3,979,881)$ (2,141,735) 1,838,146$
Fund Balances
Beginning of Year 12,660,246
End of Year 10,518,511$
(See independent auditor's report.)
- 121 -
CITY OF EVANSTON, ILLINOIS
Crown Construction Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original
Budget Final Budget Actual Variance
Revenues
Investment income 50,000$ 50,000$ 90,688$ 40,688$
Miscellaneous
Contributions 1,000,000 1,000,000 2,037,500 1,037,500
Total Revenues 1,050,000 1,050,000 2,128,188 1,078,188
Expenditures
Public works 460,000 333,462 333,462 -
Capital outlay 7,870,000 8,172,492 8,172,492 -
Total Expenditures 8,330,000 8,505,954 8,505,954 -
Excess (Deficiency) of Revenues
Over Expenditures (7,280,000) (7,455,954) (6,377,766) 1,078,188
Other Financing Sources (Uses)
Transfers in 3,000,000 3,000,000 2,000,000 (1,000,000)
Transfers (out)- (637,500) (637,500) -
Total Other Financing Sources (Uses)3,000,000 2,362,500 1,362,500 (1,000,000)
Net Change in Fund Balance (4,280,000)$ (5,093,454)$ (5,015,266) 78,188$
Fund Balances
Beginning of Year 7,646,150
End of Year 2,630,884$
(See independent auditor's report.)
- 122 -
CITY OF EVANSTON, ILLINOIS
Crown Maintenance Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original
Budget Final Budget Actual Variance
Revenues
None -$ -$ -$ -$
Total Revenues - - - -
Expenditures
None - - - -
Total Expenditures - - - -
Excess (Deficiency) of Revenues
Over Expenditures - - - -
Other Financing Sources (Uses)
Transfers in 175,000 175,000 175,000 -
Total Other Financing Sources (Uses)175,000 175,000 175,000 -
Net Change in Fund Balance 175,000$ 175,000$ 175,000 -$
Fund Balances
Beginning of Year -
End of Year 175,000$
(See independent auditor's report.)
- 123 -
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, 2020
Original and
Final Budget Actual Variance
Revenues
Special assessments 155,000$ 185,074$ 30,074$
Investment income 8,000 18,578 10,578
Total Revenues 163,000 203,652 40,652
Expenditures
Current
General management and support - 60 60
Capital outlay 500,000 - (500,000)
Total Expenditures 500,000 60 (499,940)
Excess (Deficiency) of Revenues
Over Expenditures (337,000) 203,592 540,592
Other Financing Sources (Uses)
Issuance of bonds 250,000 - (250,000)
Premium on issuance of bonds - - -
Transfers (out)(457,930) (477,930) (20,000)
Other Financing Sources (Uses) - Net (207,930) (477,930) (270,000)
Net Change in Fund Balance (544,930)$ (274,338) 270,592$
Fund Balance
Beginning of Year 2,927,806
End of Year 2,653,468$
(See independent auditor's report.)
- 124 -
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, 2020
Original Final Original Final
Budget Budget Actual Budget Budget Actual
Taxes
Property taxes 607,043$ 607,043$ 1,145,555$ 221,000$ 221,000$ 224,827$
Investment income - - 5,057 500 500 316
Miscellaneous - - - - - -
Total Revenues 607,043 607,043 1,150,612 221,500 221,500 225,143
Housing and economic
development 435,000 435,000 252,084 221,500 226,412 226,412
Total Expenditures 435,000 435,000 252,084 221,500 226,412 226,412
Excess (Deficiency) of Revenues
Over Expenditures 172,043 172,043 898,528 - (4,912) (1,269)
Transfers in (out)
General (30,000) (30,000) (30,000) - - -
Other (288,820) (288,820) (230,610) - - -
Other - - - - - -
Total Other Financing Sources (Uses)(318,820) (318,820) (260,610) - - -
Net Changes in Fund Balances (146,777)$ (146,777)$ 637,918 -$ (4,912)$ (1,269)
Fund Balances
Beginning of Year 686,753 5,342
End of Year 1,324,671$ 4,073$
Other Financing Sources (Uses)
Expenditures
Revenues
Increment District
Chicago Main Tax Special Service Area
No. 6
- 125 -
Original Final Original Final Original Final
Budget Budget Actual Budget Budget Actual Budget Budget Actual
154,600$ 154,600$ 141,256$ 60,200$ 60,200$ 59,744$ 122,797$ 122,797$ 170,306$
- - 91 - - 24 - - 796
- - - - - - - - -
154,600 154,600 141,347 60,200 60,200 59,768 122,797 122,797 171,102
154,600 154,600 140,995 60,200 60,200 58,722 2,000 2,000 773
154,600 154,600 140,995 60,200 60,200 58,722 2,000 2,000 773
- - 352 - - 1,046 120,797 120,797 170,329
- - - - - - (5,000) (5,000) (5,000)
- - - - - - (160,870) (160,870) (160,870)
- - - - - - 100,000 100,000 100,000
- - - - - - (65,870) (65,870) (65,870)
-$ -$ 352 -$ -$ 1,046 54,927$ 54,927$ 104,459
- - 107,803
352$ 1,046$ 212,262$
Dempster-Dodge Tax
Increment District
Special Service Area
No. 7
Special Service Area
No. 8
(This schedule is continued on the following page.)
- 126 -
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, 2020
Original Final Original Final Original and
Budget Budget Actual Budget Budget Actual Final Budget Actual
Taxes
Property taxes 695,000$ 695,000$ 1,227,408$ 722,135$ 722,135$ 1,697,958$ 2,367,975$ 4,667,054$
Investment income 400 400 12,999 4,000 4,000 6,071 4,900 25,354
Miscellaneous 5,366 5,366 20,632 11,000 11,000 10,283 16,366 30,915
Total Revenues 700,766 700,766 1,261,039 737,135 737,135 1,714,312 2,389,241 4,723,323
Housing and economic
development 368,000 735,741 735,740 605,000 605,000 495,157 2,004,153 1,909,883
Total Expenditures 368,000 735,741 735,740 605,000 605,000 495,157 2,004,153 1,909,883
Excess (Deficiency) of Revenues
Over Expenditures 332,766 (34,975) 525,299 132,135 132,135 1,219,155 385,088 2,813,440
Transfers in (out)
General (30,000) (30,000) (30,000) (135,000) (35,000) (35,000) (100,000) (100,000)
Other (143,113) (284,019) (284,020) - (100,000) (100,000) (833,709) (775,500)
Other - - - - - - 100,000 100,000
Total Other Financing Sources (Uses)(173,113) (314,019) (314,020) (135,000) (135,000) (135,000) (833,709) (775,500)
Net Changes in Fund Balances 159,653$ (348,994)$ 211,279 (2,865)$ (2,865)$ 1,084,155 (448,621)$ 2,037,940
Fund Balances
Beginning of Year 2,124,765 710,476 3,635,139
End of Year 2,336,044$ 1,794,631$ 5,673,079$
Revenues
Expenditures
Other Financing Sources (Uses)
West Evanston Tax
Increment District Total
Howard Ridge Tax
Increment District
(See independent auditor's report.)
- 127 -
ENTERPRISE FUNDS
Water Fund - To account for all activity related to providing water to the City’s 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 the City’s 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, Expenses, and Changes in Net Position - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual
Operating Revenues
Charges for services 22,820,270$ 22,243,283$
Miscellaneous 503,200 1,690,797
Total Operating Revenues 23,323,470 23,934,080
Operating Expenses Excluding Depreciation
Administration 933,363 856,695
Operations
Pumping 2,759,223 2,521,369
Filtration 2,877,555 2,449,796
Distribution 1,522,247 1,306,956
Meter maintenance 242,734 179,891
Administration 1,166,191 988,646
Other 33,554,939 1,403,037
Total Operating Expenses Excluding Depreciation 43,056,252 9,706,390
Operating Income (Loss) Before Depreciation (19,732,782) 14,227,690
Depreciation - 2,865,860
Operating Income (Loss)(19,732,782) 11,361,830
Non-Operating Revenue (Expenses)
Investment income 70,000 71,494
Interest expense (2,291,201) (1,040,083)
Issuance of bonds 7,400,000 -
Issuance of loans 17,330,000 -
Total Non-Operating Revenues (Expenses)22,508,799 (968,589)
Income Before Transfers 2,776,017 10,393,241
Transfers
Transfers (out)(4,799,559) (4,799,559)
Total Transfers (4,799,559) (4,799,559)
Net Income (Loss)(2,023,542)$ 5,593,682
Net Position
Beginning of Year 70,458,259
Change in accounting principle (1,255,000)
Beginning of Year, Restated 69,203,259
End of Year 74,796,941$
(See independent auditor's report.)
- 128 -
CITY OF EVANSTON, ILLINOIS
Water Fund - Operation and Maintenance Account
Schedule of Operating Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual
Charges for Services, Net
Water Sales
Evanston 9,154,170$ 8,771,787$
Skokie 5,820,200 5,650,815
Northwest Water Commission 5,589,200 5,549,357
Morton Grove Niles Water Commission 1,966,200 1,918,954
Lincolnwood 290,500 352,370
Total Charges for Services 22,820,270 22,243,283
Miscellaneous
Fees and outside work 55,200 64,567
Fees, merchandise, and other 448,000 1,626,230
Total Miscellaneous 503,200 1,690,797
Total Operating Revenues 23,323,470$ 23,934,080$
(See independent auditor's report.)
- 129 -
INTERNAL SERVICE FUNDS
Equipment Replacement Fund - To account for the costs associated with the purchase of vehicles and
equipment.
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.
Insurance Fund - To account for all costs related to general liability and workers ’ compensation claims.
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
December 31, 2020
Equipment
Replacement Fleet Services Insurance Total
Current Assets
Cash and cash equivalents 561,290$ -$ 1,070,000$ 1,631,290$
Receivables - other 66,550 - - 66,550
Inventories - 1,582,382 - 1,582,382
Prepaid items - - 3,259,527 3,259,527
Due from other funds - - 1,000,000 1,000,000
Total Current Assets 627,840 1,582,382 5,329,527 7,539,749
Capital Assets
Capital assets being depreciated 26,019,554 617,552 - 26,637,106
Accumulated depreciation (18,411,959) (617,447) - (19,029,406)
Total Capital Assets 7,607,595 105 - 7,607,700
Total Assets 8,235,435 1,582,487 5,329,527 15,147,449
Deferred Outflows of Resources
OPEB items - 28,110 - 28,110
Total Deferred Outflows of Resources - 28,110 - 28,110
Total Assets and Deferred Outflows of Resources 8,235,435 1,610,597 5,329,527 15,175,559
Liabilities and Deferred Inflows of Resources
Current Liabilities
Vouchers payable 79,310 108,984 66,241 254,535
Due to other funds 24,986 500,532 5,432,034 5,957,552
Compensated absences payable - 20,536 8,088 28,624
Total OPEB liability - 15,584 - 15,584
Claims payable - - 915,250 915,250
Total Current Liabilities 104,296 645,636 6,421,613 7,171,545
Long-Term Liabilities
General obligation bonds payable 660,000 - - 660,000
Compensated absences payable - 82,143 32,352 114,495
Total OPEB liability - 121,529 - 121,529
Claims payable - - 7,339,250 7,339,250
Total Long-Term Liabilities 660,000 203,672 7,371,602 8,235,274
Total Liabilities 764,296 849,308 13,793,215 15,406,819
Deferred Inflows of Resources
OPEB items - 21,504 - 21,504
Total Deferred Inflows of Resources - 21,504 - 21,504
Total Liabilities and Deferred Inflows of Resources 764,296 870,812 13,793,215 15,428,323
Net Position (Deficit)
Net investment in capital assets 6,947,595 105 - 6,947,700
Unrestricted (deficit)523,544 739,680 (8,463,688) (7,200,464)
Total Net Position (Deficit)7,471,139$ 739,785$ (8,463,688)$ (252,764)$
(See independent auditor's report.)
- 130 -
CITY OF EVANSTON, ILLINOIS
Internal Service Funds
Combining Statement of Revenues, Expenses, and Changes in Net Position
For the Fiscal Year Ended December 31, 2020
Equipment
Replacement Fleet Services Insurance Total
Operating Revenues
Charges for services
General Fund 1,470,934$ 2,158,326$ 4,251,601$ 7,880,861$
Sewer Fund - 249,877 306,557 556,434
Solid Waste - 322,362 - 322,362
Water Fund - 172,581 513,955 686,536
Motor Vehicle Parking System Fund - 159,517 350,666 510,183
Library Fund 4,885 5,440 - 10,325
Emergency Telephone System - - 18,229 18,229
Community Development Block Grant 1,340 825 18,229 20,394
HOME - - 894 894
Health and Human Services 2,266 1,086 - 3,352
Claims reimbursements - - 34,809 34,809
Health insurance contributions
Contributions from other funds - - 9,707,101 9,707,101
Employee contributions - - 3,319,326 3,319,326
Other contributions - 14,384 802,642 817,026
Miscellaneous - 70 - 70
Total Operating Revenues 1,479,425 3,084,468 19,324,009 23,887,902
Operating Expenses
General support - 1,136,884 581,236 1,718,120
Major maintenance 683,832 1,323,377 - 2,007,209
General liability claims - - 2,633,970 2,633,970
Workers' compensation claims - - 716,403 716,403
Health insurance premiums - - 14,262,990 14,262,990
Total Operating Expenses 683,832 2,460,261 18,194,599 21,338,692
Operating Income (Loss) Before Depreciation 795,593 624,207 1,129,410 2,549,210
Depreciation 1,532,788 - - 1,532,788
Operating Income (Loss)(737,195) 624,207 1,129,410 1,016,422
Non-Operating Revenue (Expenses)
Investment income 433 - - 433
Gain (loss) on sale of property 158,320 - - 158,320
Total Non-Operating Revenues (Expenses)158,753 - - 158,753
Income (Loss) Before Transfers (578,442) 624,207 1,129,410 1,175,175
Transfers
Transfers in - - 2,000,000 2,000,000
Total Transfers - - 2,000,000 2,000,000
Change in Net Position (578,442) 624,207 3,129,410 3,175,175
Net Position (Deficit) - Beginning 8,049,581 115,578 (11,593,098) (3,427,939)
Net Position (Deficit) - Ending 7,471,139$ 739,785$ (8,463,688)$ (252,764)$
(See independent auditor's report.)
- 131 -
CITY OF EVANSTON, ILLINOIS
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended December 31, 2020
Equipment
Replacement Fleet Services Insurance Total
Cash Flows from Operating Activities
Receipts from customers and users -$ 70$ 3,354,135$ 3,354,205$
Receipts from/(payments for)
interfund services provided 1,488,835 2,735,882 14,480,331 18,705,048
Receipts from other agencies - 14,384 802,642 817,026
Payments to suppliers (404,508) (1,655,152) (1,581,236) (3,640,896)
Payments to employees - (1,095,184) (2,620,738) (3,715,922)
Payments for insurance premiums - - (15,435,134) (15,435,134)
Net Cash from Operating Activities 1,084,327 - (1,000,000) 84,327
Cash Flows from Noncapital Financing Activities
Interfund transfers - - 2,000,000 2,000,000
Net Cash from Noncapital Financing Activities - - 2,000,000 2,000,000
Cash Flows from Capital and Related Financing Activities
Proceeds from sale of capital assets 184,007 - - 184,007
Acquisition and construction of capital assets (2,021,439) - - (2,021,439)
Proceeds from general obligation bonds 660,000 - - 660,000
Net Cash from Capital and Related Financing Activities (1,177,432) - - (1,177,432)
Cash Flows from Investing Activities
Interest income 433 - - 433
Net Cash from Investing Activities 433 - - 433
Net Increase (Decrease) in Cash and Cash Equivalents (92,672) - 1,000,000 907,328
Cash and Equivalents
Beginning 653,962 - 70,000 723,962
Ending 561,290$ -$ 1,070,000$ 1,631,290$
Reconciliation of Operating Income (Loss) to Net Cash
from Operating Activities
Operating Income (loss)(737,195)$ 624,207$ 1,129,410$ 1,016,422$
Adjustments to reconcile operating income (loss) to
net cash from operating activities
Depreciation 1,532,788 - - 1,532,788
Changes in assets and liabilities
Increase/decrease in accounts receivable miscellaneous (66,550) - (1,000,000) (1,066,550)
Interfund receivable - - - -
Prepaid expenses 272,964 - (1,301,019) (1,028,055)
Inventories - (189,788) - (189,788)
Compensated absences - 15,824 13,232 29,056
OPEB items - 25,876 - 25,876
Vouchers payable 72,910 (141,987) 17,328 (51,749)
Interfund payable 9,410 (334,132) (686,901) (1,011,623)
Claims payable - - 827,950 827,950
Net Cash from Operating Activities 1,084,327$ -$ (1,000,000)$ 84,327$
(See independent auditor's report.)
- 132 -
COMPONENT UNIT - PUBLIC LIBRARY
CITY OF EVANSTON LIBRARY COMPONENT UNIT
EVANSTON, ILLINOIS
Combining Balance Sheet/Statement of Net Position
December 31, 2020
Capital
Operating Endowment Improvement
Assets
Cash and investments 3,099,814$ 4,869,488$ 1,290,258$
Property taxes receivable 7,252,000 - -
Other receivables 39,530 - -
Net pension asset - IMRF - - -
Capital assets not being depreciated - - -
Capital assets net of accumulated depreciation - - -
Total Assets 10,391,344 4,869,488 1,290,258
Deferred Outflows of Resources
Pension items - IMRF - - -
OPEB items - - -
Total Deferred Outflows of Resources - - -
Total Assets and Deferred Outflows of Resources 10,391,344$ 4,869,488$ 1,290,258$
Liabilities, Deferred Inflows of Resources,
and Fund Balance/Net Position
Current Liabilities
Accounts payable 111,628$ -$ 6,300$
Accrued interest - - -
Due to primary government 132,876 - -
Total Current Liabilities 244,504 - 6,300
Noncurrent Liabilities
Due within one year - - -
Due in more than one year - - -
Total Noncurrent Liabilities - - -
Total Liabilities 244,504 - 6,300
Deferred Inflows of Resources
Pension items - IMRF - - -
OPEB items - - -
Unavailable property taxes 7,252,000 - -
Total Deferred Inflows of Resources 7,252,000 - -
Total Liabilities and Deferred Inflows of Resources 7,496,504 - 6,300
Fund Balances/Net Position
Net investment in capital assets - - -
Restricted for debt service - - -
Restricted for capital improvements - - 1,283,958
Restricted for endowment - 4,869,488 -
Unassigned/unrestricted 2,894,840 - -
Total Fund Balances/Net Position 2,894,840 4,869,488 1,283,958
Total Liabilities, Deferred Inflows,
and Fund Balances/Net Position 10,391,344$ 4,869,488$ 1,290,258$
- 133 -
Statement of
Debt Service Total Adjustments Net Position
130,161$ 9,389,721$ -$ 9,389,721$
482,243 7,734,243 - 7,734,243
- 39,530 - 39,530
- - 357,499 357,499
- - 311,380 311,380
- - 10,942,090 10,942,090
612,404 17,163,494 11,610,969 28,774,463
- - 779,974 779,974
- - 77,792 77,792
- - 857,766 857,766
612,404$ 17,163,494$ 12,468,735$ 29,632,229$
-$ 117,928$ -$ 117,928$
- - 13,409 13,409
129,016 261,892 - 261,892
129,016 379,820 13,409 393,229
- - 335,491 335,491
- - 7,275,705 7,275,705
- - 7,611,196 7,611,196
129,016 379,820 7,624,605 8,004,425
- - 1,440,168 1,440,168
- - 59,510 59,510
482,243 7,734,243 - 7,734,243
482,243 7,734,243 1,499,678 9,233,921
611,259 8,114,063 9,124,283 17,238,346
- - 4,774,948 4,774,948
1,145 1,145 - 1,145
- 1,283,958 (315,409) 968,549
- 4,869,488 - 4,869,488
- 2,894,840 (1,115,087) 1,779,753
1,145 9,049,431 3,344,452 12,393,883
612,404$ 17,163,494$ 12,468,735$ 29,632,229$
(See independent auditor's report.)
- 134 -
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, 2020
Capital
Operating Endowment Improvement
Revenues
Property taxes 7,268,891$ -$ -$
Intergovernmental
Grant revenue 239,925 - -
Charges for services 63,679 - -
Other
Investment income 59,517 621,388 -
Donations 371,734 - -
Miscellaneous 92,998 - -
Total Revenues 8,096,744 621,388 -
Expenditures
Current
Community services 7,470,962 - -
Capital Outlay - - 94,525
Debt Service
Principal - - -
Interest and fiscal charges - - -
Total Expenditures 7,470,962 - 94,525
Excess (Deficiency) or Revenues
Over Expenditures 625,782 621,388 (94,525)
Other Financing Sources (Uses)
Transfer in 199,414 - -
Transfer (out)- (199,414) -
Total Other Financing Sources (Uses)199,414 (199,414) -
Change in Fund Balance/Net Position 825,196 421,974 (94,525)
Fund Balances/Net Position
Beginning of Year 2,069,644 4,447,514 1,378,483
End of Year 2,894,840$ 4,869,488$ 1,283,958$
- 135 -
Statement of
Debt Service Total Adjustments Activities
480,145$ 7,749,036$ -$ 7,749,036$
- 239,925 - 239,925
- 63,679 - 63,679
- 680,905 - 680,905
- 371,734 - 371,734
- 92,998 - 92,998
480,145 9,198,277 - 9,198,277
- 7,470,962 1,157,374 8,628,336
- 94,525 (94,525) -
222,648 222,648 (222,648) -
257,496 257,496 (68,069) 189,427
480,144 8,045,631 772,132 8,817,763
1 1,152,646 (772,132) 380,514
- 199,414 (199,414) -
- (199,414) 199,414 -
- - - -
1 1,152,646 (772,132) 380,514
1,144 7,896,785 4,116,584 12,013,369
1,145$ 9,049,431$ 3,344,452$ 12,393,883$
(See independent auditor's report.)
- 136 -
CITY OF EVANSTON LIBRARY COMPONENT UNIT
EVANSTON, ILLINOIS
Library Operating Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2020
Original and
Final Budget Actual Variance
Taxes
Property taxes 7,252,000$ 7,268,891$ 16,891$
Intergovernmental
Grant revenue 214,000 239,925 25,925
Charges for services 126,000 63,679 (62,321)
Other
Investment income 15,000 59,517 44,517
Donations 390,000 371,734 (18,266)
Miscellaneous 270,000 92,998 (177,002)
Total Revenues 8,267,000 8,096,744 (170,256)
General management and support 8,437,778 7,470,962 (966,816)
Total Expenditures 8,437,778 7,470,962 (966,816)
Excess (Deficiency) of Revenues
Over Expenditures (170,778) 625,782 796,560
Transfers in 205,948 199,414 (6,534)
Total Other Financing Sources (Uses)205,948 199,414 (6,534)
Net Changes in Fund Balances 35,170$ 825,196 790,026$
Fund Balances
Beginning of Year 2,069,644
End of Year 2,894,840$
Revenues
Expenditures
Other Financing Sources (Uses)
(See independent auditor's report.)
- 137 -
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.
Contents Page(s)
Financial Trends
These schedules contain trend information to help the reader understand
how the City’s financial performance and well-being have been changed
over time.
138-147
Revenue Capacity
These schedules contain information to help the reader assess the City’s
most significant local revenue source, the property tax.
148-150
Debt Capacity
These schedules present information to help the reader assess the
affordability of the City’s current levels of outstanding debt and the City’s
ability to issue additional debt in the future.
151-155
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the
reader understand the environment within which the City’s financial
activities take place.
156-157
Operating Information
These schedules contain service and infrastructure data to help the reader
understand how the information in the City’s financial report relates to the
services the City provides and the activities it performs.
158-163
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)
2011 2012 2013 2014
Governmental Activities
Net investment in capital assets 57,663$ 60,105$ 47,214$ 46,633$
Restricted 31,559 31,754 24,720 25,446
Unrestricted (24,033) (23,729) (13,846) (11,436)
Total Governmental Activities Net Position 65,189$ 68,130$ 58,088$ 60,643$
Business-Type Activities
Net investment in capital assets 215,755$ 228,738$ 239,243$ 246,382$
Restricted 1,034 710 712 649
Unrestricted 25,385 26,363 25,484 23,563
Total Business-Type Activities Net Position 242,174$ 255,811$ 265,439$ 270,594$
Primary Government
Net investment in capital assets 273,418$ 288,843$ 286,457$ 293,015$
Restricted 32,593 32,464 25,432 26,095
Unrestricted 1,352 2,634 11,638 12,127
Total Primary Government Net Position 307,363$ 323,941$ 323,527$ 331,237$
Source: City Finance Division
*The City implemented GASB Statement No.68 which resulted in a decrease in unrestricted net
position.
**The City implemented GASB Statement No.75 which resulted in a decrease in unrestricted net
position.
- 138 -
2015*2016 2017 2018**2019 2020
47,953$ 51,588$ 51,575$ 52,536$ 53,784$ 65,388$
16,409 18,523 11,990 8,708 15,554 19,843
(136,007) (170,270) (164,614) (194,435) (181,451) (199,044)
(71,645)$ (100,159)$ (101,049)$ (133,191)$ (112,113)$ (113,813)$
255,622$ 268,851$ 278,446$ 283,981$ 289,023$ 284,516$
- - - - - -
22,785 18,928 14,249 11,896 9,883 16,150
278,407$ 287,779$ 292,695$ 295,877$ 298,906$ 300,666$
303,575$ 320,439$ 330,021$ 336,517$ 342,807$ 349,904$
16,409 18,523 11,990 8,708 15,554 19,843
(113,222) (151,342) (150,365) (182,539) (171,568) (182,894)
206,762$ 187,620$ 191,646$ 162,686$ 186,793$ 186,853$
- 139 -
CITY OF EVANSTON, ILLINOIS
Changes in Net Position
Last Ten Fiscal Years
(amounts expressed in thousands)
2011 2012 2013 2014
Expenses
Governmental Activities
General management and support 17,911$ 22,508$ 18,892$ 13,811$
Public safety 43,465 52,740 57,090 58,795
Public works 12,399 11,099 13,782 25,825
Health and human resource development 3,547 3,200 3,601 3,837
Recreational and cultural opportunities 15,607 17,438 16,433 9,358
Housing and economic development 11,630 19,101 11,123 12,443
Interest 3,114 1,786 377 3,919
Total Governmental Activities Expenses 107,673 127,872 121,298 127,988
Business-Type Activities
Water 7,450 10,172 11,193 11,977
Sewer 7,083 7,872 7,649 7,293
Solid waste 4,317 4,612 4,732 4,856
Motor vehicle parking system 6,673 8,297 8,369 7,856
Total Business-Type Activities Expenses 25,523 30,953 31,943 31,982
Total Primary Government Expenses 133,196$ 158,825$ 153,241$ 159,970$
Program Revenues
Governmental Activities
Charges for services
General management and support 9,219$ 9,478$ 8,917$ 9,374$
Culture and recreation 4,587 9,934 5,236 5,360
Other activities 8,523 11,349 12,179 15,253
Operating grants and contributions 9,861 13,453 10,102 7,151
Capital grants and contributions 3,941 2,017 2,956 501
Total Governmental Activities Program Revenues 36,131 46,231 39,390 37,639
Business-Type Activities
Charges for services
Water 12,369 14,967 14,658 15,052
Sewer 11,377 14,115 13,510 12,785
Solid waste 2,900 3,490 3,651 3,971
Motor vehicle parking system 4,928 6,663 6,255 6,080
Operating grants and contributions - 395 939 15
Capital grants and contributions - - - -
Total Business-Type Activities Program Revenues 31,574 39,630 39,013 37,903
Total Primary Government Program Revenues 67,705$ 85,861$ 78,403$ 75,542$
- 140 -
2015 2016 2017 2018 2019 2020
12,493$ 18,163$ 20,890$ 20,016$ 19,444$ 18,630$
57,443 55,625 61,191 80,789 56,755 83,015
20,011 13,668 24,793 22,718 26,584 18,573
2,911 3,319 3,354 3,455 2,895 3,719
14,794 14,380 14,744 14,061 11,081 1,326
10,532 21,063 7,023 9,129 6,907 20,992
3,757 3,779 3,354 4,683 5,454 5,252
121,941 129,997 135,349 154,851 129,120 151,507
10,748 11,450 12,239 12,964 12,880 13,612
6,608 6,683 6,540 6,735 6,492 6,795
5,150 4,967 4,907 4,852 5,079 5,316
7,862 8,532 8,575 9,321 9,585 8,982
30,368 31,632 32,261 33,872 34,036 34,705
152,309$ 161,629$ 167,610$ 188,723$ 163,156$ 186,212$
8,629$ 10,094$ 8,145$ 8,985$ 8,768$ 7,267$
5,572 5,560 5,669 6,037 6,119 4,831
11,268 15,739 12,712 11,945 10,917 12,200
5,535 6,809 5,931 5,244 5,775 9,672
275 368 325 125 8,630 2,971
31,279 38,570 32,782 32,336 40,209 36,941
15,722 16,419 17,588 15,642 17,789 23,934
12,511 13,049 12,478 11,920 10,780 10,242
4,004 4,031 4,061 4,083 4,668 4,618
6,164 6,688 6,530 6,621 10,640 7,289
- 38,400 - - - -
- - - - - 383
38,401 78,587 40,657 38,266 43,877 46,466
69,680$ 117,157$ 73,439$ 70,602$ 84,086$ 83,407$
- 141 -
CITY OF EVANSTON, ILLINOIS
Changes in Net Position
Last Ten Fiscal Years
(amounts expressed in thousands)
2011 2012 2013 2014
Net (Expense)/Revenue
Governmental Activities (71,542)$ (81,641)$ (81,908)$ (90,349)$
Business-Type Activities 6,051 8,677 7,070 5,921
Total Primary Government Net Expense (65,491)$ (72,964)$ (74,838)$ (84,428)$
General Revenues and Other Changes in
Net Position
Governmental Activities
Taxes
Property taxes 33,399$ 47,874$ 46,349$ 48,579$
Sales taxes 13,495 15,888 16,965 17,362
Investment earnings 32 398 79 (258)
Miscellaneous 21,244 25,348 27,369 26,612
Transfers (8,180) (4,926) (2,586) 610
Total Governmental Activities 59,990 84,582 88,176 92,905
Business-Type Activities
Property taxes - - - -
Investment earnings 16 34 33 (156)
Gains on sale of capital assets - - - -
Miscellaneous - - (61) -
Transfers 8,180 4,926 2,586 (610)
Total Business-Type Activities 8,196 4,960 2,558 (766)
Changes in Net Position
Governmental Activities (11,552) 2,941 6,268 2,556
Business-Type Activities 14,247 13,637 9,628 5,155
Total Primary Government 2,695$ 16,578$ 15,896$ 7,711$
Source: City Finance Division
- 142 -
2015 2016 2017 2018 2019 2020
(90,662)$ (91,427)$ (102,567)$ (122,515)$ (88,911)$ (114,566)$
8,033 46,955 8,396 4,394 9,841 11,761
(82,629)$ (44,472)$ (94,171)$ (118,121)$ (79,070)$ (102,805)$
45,840$ 45,610$ 46,563$ 47,102$ 44,163$ 51,655$
17,758 17,932 16,071 16,963 16,905 16,445
30 118 235 778 1,669 423
30,950 33,217 35,011 38,786 39,051 34,123
631 434 3,797 1,480 8,203 10,219
95,209 97,311 101,677 105,109 109,991 112,865
- - - 410 820 1,333
27 59 114 234 565 140
- - - - 7 -
301 (245) 203 - - -
(631) (434) (3,797) (1,480) (8,203) (10,219)
(303) (620) (3,480) (836) (6,811) (8,746)
4,547 5,884 (890) (17,406) 21,080 (1,701)
7,730 46,335 4,916 3,558 3,030 3,015
12,277$ 52,219$ 4,026$ (13,848)$ 24,110$ 1,314$
- 143 -
CITY OF EVANSTON, ILLINOIS
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(amounts expressed in thousands)
2011 2012 2013 2014 2015
General Fund
Nonspendable -$ -$ -$ -$ 118$
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 18,393$ 17,034$ 16,363$ 14,983$ 10,586$
All Other Governmental Funds
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 44,477$ 40,993$ 37,496$ 41,287$ 26,419$
Source: City Finance Division
- 144 -
2016 2017 2018 2019 2020
-$ 300$ 310$ 415$ 220$
5,046 4,180 4,303 4,330 1,573
6,622 8,868 9,242 11,145 16,882
11,668$ 13,348$ 13,855$ 15,890$ 18,675$
-$ -$ -$ -$ -$
18,523 11,418 25,651 15,933 19,457
2,996 - - - -
7,668 12,301 17,065 20,306 13,324
(252) (204) (227) (226) (215)
28,935$ 23,515$ 42,489$ 36,013$ 32,566$
- 145 -
CITY OF EVANSTON, ILLINOIS
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(amounts expressed in thousands)
2011 2012 2013 2014 2015 2016
Revenues
Taxes 56,466$ 79,331$ 78,254$ 77,933$ 75,747$ 76,047$
Licenses, fees, and permits 6,776 10,470 10,617 14,503 12,184 17,933
Special assessments 235 293 275 167 8,312 169
Intergovernmental 23,183 29,252 27,844 24,300 3,554 24,886
Charges for services 6,283 7,763 7,723 7,793 23,834 8,791
Fines and penalties 3,280 3,470 3,449 3,358 148 3,612
Investment earnings 22 397 94 89 30 118
Other revenues 4,133 2,915 1,906 1,791 1,722 3,892
Total Revenues 100,378 133,891 130,162 129,934 125,531 135,448
Expenditures
General management and support 13,594 18,532 17,611 13,314 13,444 17,064
Public safety 42,140 54,611 56,431 59,425 59,654 62,252
Public works 7,574 9,380 11,982 19,821 19,815 13,477
Health and human development 3,588 3,200 3,601 3,837 3,141 3,021
Recreation and cultural opportunities 16,192 14,309 14,775 10,524 11,087 11,894
Housing and economic development 11,999 19,095 11,305 9,348 13,292 10,477
Capital outlay 5,832 8,523 5,948 6,286 9,151 9,953
Debt service
Principal 10,106 13,055 34,259 10,040 20,833 19,661
Interest 4,384 5,175 4,996 4,411 4,413 4,276
Fiscal agent fees 79 76 127 43 16 14
Total Governmental Activities Expenditure 115,488 145,956 161,035 137,049 154,846 152,089
Net (Expense)/Revenue
Governmental Activities (15,110) (12,065) (30,873) (7,115) (29,315) (16,641)
Other Financing Sources (Uses)
Proceeds from borrowing 15,420$ 12,618$ 34,982$ 9,989$ 22,377$ 19,652$
Capitalized interest income - - - - - -
Payment to escrow agent - - - - - -
Transfers in 5,839 9,271 8,182 9,202 10,308 16,011
Transfers (out)(14,593) (14,668) (11,879) (9,665) (9,315) (15,542)
Total Other Financing Sources (Uses)6,666 7,221 31,285 9,526 23,370 20,121
Net Changes in Fund Balance (8,444)$ (4,844)$ 412$ 2,411$ (5,945)$ 3,480$
Debt Service as a Percentage of
Noncapital Expenditures 13.25%13.32%25.31%11.05%17.33%17.62%
Source: City Finance Division
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2017 2018 2019 2020
78,157$ 81,281$ 78,645$ 82,567$
13,358 11,664 10,012 11,853
260 199 230 185
22,627 23,004 25,278 27,592
8,713 10,053 8,925 7,879
3,468 3,765 5,108 2,983
235 778 1,669 423
3,843 5,220 12,130 6,105
130,661 135,964 141,997 139,587
18,152 18,330 19,206 18,767
64,347 65,533 65,821 66,970
14,041 22,069 15,848 18,787
3,111 3,142 2,989 3,749
12,371 12,789 12,247 9,351
7,225 9,006 6,567 9,043
14,953 11,399 39,796 12,389
24,253 17,557 10,166 9,988
4,040 4,536 5,749 5,643
2 537 274 214
162,495 164,898 178,663 154,901
(31,834) (28,934) (36,666) (15,314)
26,558$ 46,892$ 23,976$ 18,576$
- - - -
- - - (12,143)
17,428 20,698 14,405 15,633
(15,893) (19,174) (6,156) (7,414)
28,093 48,416 32,225 14,652
(3,741)$ 19,482$ (4,441)$ (662)$
19.18%14.39%11.62%11.40%
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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
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 1.766
2015 1,751,252,888 15,467 410,670,248 32,549,681 1,533,241 2,196,021,525 6,588,064,575 1.762
2016 2,151,672,082 15,467 483,830,858 33,333,491 1,559,871 2,670,411,769 8,011,235,307 1.501
2017 2,178,182,897 15,467 527,589,667 32,680,857 1,591,232 2,740,060,120 8,220,180,360 1.490
2018 2,150,065,734 15,467 537,739,734 31,050,996 1,708,983 2,720,580,914 8,161,742,742 1.570
2019 2,653,214,356 15,467 742,361,383 34,692,634 1,864,707 3,432,148,547 10,296,445,641 1.413
Note:
Source: Illinois Department of Revenue and Cook County Clerk's Office
Property is reassessed once every three years.Equalized Assessed value is approximately 1/3 of actual value.Tax rates are per $100 of equalized
assessed value.
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CITY OF EVANSTON, ILLINOIS
Principal Property Taxpayers
Current Year and Nine Years Ago
Percentage Percentage
Total of Total City Total of Total City
Equalized Assessed Taxable Equalized Assessed Taxable
Tax Payer Value (EAV)Rank EAV Tax Payer Value (EAV)Rank EAV
Orrington TT LLC Golub 34,356,295$ 1 1.00%Grubb & Ellis 26,384,464$ 1 0.87%
FSP 909 Davis Street 29,315,114 2 0.85%Rotary International 22,171,027 2 0.73%
Mccaffery Interests 24,662,513 3 0.72%Lowe Enterprises 21,378,083 3 0.70%
TIAA PK Evanston INC 17,143,569 4 0.50%Church Street Plaza 19,787,246 4 0.65%
500 Davis Owner LLC 16,643,706 5 0.48%NNN Church Street Office Center 13,145,431 5 0.43%
MB Sherman Highlands 15,893,291 6 0.46%Evanston Hotel Assoc.12,892,618 6 0.42%
FDS/David Alperstein 15,686,911 7 0.46%Inland 12,171,067 7 0.40%
1890 Maple LLC 15,324,443 8 0.45%Church & Chicago Limited Partnership 11,616,218 8 0.38%
Azzurri of Evanston 12,936,437 9 0.38%Northshore University Healthcare 11,572,829 9 0.38%
MHF Evanston V LLC 12,301,916 10 0.36%Paradigm Tax Group 10,816,879 10 0.36%
Total 194,264,195$ 5.66% Total 161,935,862$ 5.32%
Total EAV 3,432,148,547$ Total EAV 3,041,884,087$
Source: Cook County
2019 Levy 2010 Levy
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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
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 44,974,845 96.94%205,607 45,180,452 97.38%
2016 47,538,529 46,723,672 98.29%97,249 46,820,921 98.49%
2017 48,161,247 46,866,198 97.31%197,415 47,063,613 97.72%
2018 49,712,625 49,032,839 98.63%217,133 49,249,972 99.07%
2019 55,139,563 54,616,777 99.05%186,248 54,803,025 99.39%
2020 55,711,545 See Note See Note See Note See Note See Note
Note: Levy Year 2020 is collected through December 31, 2021
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)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
2011 74,486 3,041,884,087$ 162,107,740$ 2,629,020$ 47,111,060$ 112,367,660$ 3,197,311,550$ 5.33%5.07%1,508.57
2012 74,486 2,727,367,573 155,931,041 16,085,747 44,899,176 94,946,118 3,176,902,386 5.72%4.91%1,274.68
2013 74,619 2,514,621,552 153,460,742 12,520,761 40,042,921 100,897,060 3,113,477,775 6.10%4.93%1,352.16
2014 75,570 2,201,697,038 150,421,841 12,209,139 34,614,357 103,598,345 3,262,734,750 6.83%4.61%1,370.89
2015 75,570 2,244,569,975 149,352,238 438,453 37,651,325 111,262,460 3,124,063,800 6.65%4.78%1,472.31
2016 75,603 2,196,021,525 147,017,512 745,997 34,547,933 111,723,582 3,235,052,370 6.69%4.54%1,477.77
2017 75,472 2,670,411,769 148,627,212 241,781 37,104,152 111,281,279 3,316,617,040 5.57%4.48%1,474.47
2018 75,557 2,740,060,120 178,238,427 417,987 39,701,503 138,118,937 3,472,297,492 6.50%5.13%1,828.01
2019 73,473 2,720,580,914 195,456,220 417,431 42,263,176 152,775,613 3,800,243,979 7.18%5.14%2,079.34
2020 (4)73,473 3,432,148,547 199,878,623 721,459 38,634,626 160,522,538 3,800,243,979 5.82%5.26%2,184.78
Notes: (1)
(2)Excludes limited purpose special service district bonds.
(3)
(4)2020 data is not available for Personal Income or Census data, so 2019 data was used.
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
(2)
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
2011 124,347,790$ 1,840,000$ -$ 35,919,950$ 1,170,000$ 79,081,272$ 242,359,012$ 7.58%3,195$
2012 120,388,381 1,515,000 - 34,027,660 595,000 70,375,368 226,901,409 7.14%3,022
2013 120,915,723 1,175,000 - 31,370,019 305,000 64,658,382 218,424,124 7.02%2,890
2014 119,060,744 795,000 - 30,566,097 - 58,412,659 208,834,500 6.40%2,763
2015 117,035,540 405,000 - 31,911,608 - 51,901,172 201,253,320 6.44%2,673
2016 116,091,162 - - 30,926,350 - 45,256,237 192,273,749 5.94%2,543
2017 122,151,162 - - 26,476,050 - 40,328,108 188,955,320 5.70%2,504
2018 151,056,754 - - 27,182,674 - 34,921,821 213,161,249 6.14%2,821
2019 164,873,935 - - 30,582,285 - 40,691,551 236,147,771 6.21%3,125
2020 161,243,997 - - 38,634,626 - 43,407,478 243,286,101 6.40%3,214
Notes:
Source: City Finance Division
Source: Budget Types of Debt (https://www.cityofevanston.org/home/showpublisheddocument?id=61770)
Governmental Activities Business- Type Activities
(2) See the Schedule of Demographics and Economic Statistics for personal income and population data.
(1) Details regarding the City's outstanding debt can be found in the notes to the financial statements.
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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 394,073,575$ 100.00%394,073,575$
Other bonded debt by taxing body
High School District 202 25,160,000 90.44%22,753,517
School District 65 68,456,167 90.44%61,908,528
Community College District 535 30,000,000 12.19%3,656,852
Cook County 2,803,851,750 1.71%48,071,121
Cook County Forest Preserve District 131,815,000 1.71%2,259,925
Metropolitan Water Reclamation District 2,274,859,669 1.75%39,701,712
Skokie Park District 21,201,557 0.63%133,430
Total Overlapping Debt 5,355,344,143 178,485,085
Total Direct and Overlapping Debt 5,749,417,718$ 572,558,660$
(Less Debt Supported by Other Sources)
Note: Overlapping debt calculated based on the pro rata EAV.
Source: Bonds Statement
CITY OF EVANSTON, ILLINOIS
Direct and Overlapping Governmental Activities Debt
As of December 31, 2020
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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, 2020
Chapter 65, Section 5/8-5-1 of the Illinois Compiled Statutes governs computation of the legal debt margin.
“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.”
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CITY OF EVANSTON, ILLINOIS
Pledged-Revenue Coverage
Last Ten Fiscal Years
Utility Less:Net
Fiscal Year Service Operating Available
Ended Charges Expenses Resources Principal Interest Coverage
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
2016 NA NA NA - - NA
2017 NA NA NA - - NA
2018 NA NA NA - - NA
2019 NA NA NA - - NA
2020 NA NA NA - - NA
The City has no revenue bonds outstanding after December 31, 2014.
Source: Various City departments
Water Revenue Bonds
Debt Service
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
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%
2016 75,603 3,235,052,370 42,790 35.2 94.0%12,104 4.3%
2017 75,472 3,316,617,040 43,945 35.3 94.0%12,026 3.9%
2018 75,557 3,472,297,492 45,956 36.0 93.4%10,899 3.1%
2019 73,473 3,800,243,979 51,723 35.1 99.7%11,601 3.7%
Source: United States Census Bureau
- 156 -
CITY OF EVANSTON, ILLINOIS
Principal Employers
Current Year and Nine Years Ago
Employer Employees %Rank Employer Employees %Rank
Northwestern University 6,020 37%1 Northwestern University 8,766 46%1
Northshore University Health System 4,790 29%2 Evanston Northwestern Healthcare 4,000 21%2
Evanston School District 65 1,482 9%3 Evanston School District 65 1,599 8%3
City of Evanston 810 5%5 St. Francis Hospital 1,225 6%4
Presence Saint Francis Hospital 800 5%4 City of Evanston 980 5%5
School District 202 633 4%6 Presbyterian Homes/McGaw Care 611 3%6
Rotary International 549 3%7 School district 202 559 3%7
ZS Associates 473 3%8 Rotary International 525 3%8
West Minster Pl., McGaw Care Center 455 3%9 C.E. Neihoff & Co 450 2%9
C.E. Neifhoff & Co.401 2%10 Mather Lifeways 421 2%10
Total 16,413 Total 19,136
Source: City Economic Development Division
2020 2010
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CITY OF EVANSTON, ILLINOIS
Full-Time Equivalent City Government Employees by Function
Last Ten Fiscal Years
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Function/Program
General Government
City Clerk 3.00 2.80 2.20 2.20 2.00 2.00 2.00 1.00 2.00 1.00
City Manager's Office 8.00 12.00 12.00 14.00 13.00 28.50 32.00 30.00 27.50 28.50
Legal 7.00 7.00 8.00 7.00 8.00 8.00 4.50 4.50 4.50 4.50
Administrative Services 67.00 68.30 59.00 49.00 51.00 57.20 57.70 55.70 53.10 54.10
Community Development 27.00 27.00 24.00 21.00 19.00 21.50 26.25 22.00 23.50 25.75
Police 222.00 225.00 220.00 227.00 227.00 225.50 225.80 220.00 217.00 216.00
Fire 108.00 110.00 106.00 110.00 110.00 110.00 110.00 110.00 110.00 110.00
Human and Health Services 17.00 17.70 20.00 21.10 22.10 21.10 21.10 21.75 17.75 8.75
Parks and Recreation 105 105.21 69 69.64 74.23 77.13 78.83 76.13 75.46 69.08
Public Works 49 49.25 97 108.45 107.45 84.25 84.25 72.5 70.00 71.00
Total General Government 613.00 624.26 617.20 629.39 633.78 635.18 642.43 613.58 600.81 588.68
Library 52.00 56.38 63.00 63.13 66.45 66.87 73.88 71.05 69.81 78.45
Neighborhood Stabilization Program 1.00 2.00 1.00 1.31 0.50 0.45 0.3 0.15 0.00 0.00
Housing Rehabilitation - - - - 1.75 1.75 1.75 1.75 1.75 1.50
- - - - - - - - - 17.90
General Assistance Fund - - - - 4.00 4.00 4.00 4.25 4.25 4.25
HOME Fund - - - - 0.40 0.50 0.50 0.35 0.35 0.35
Emergency Telephone System 5.00 5.00 4.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
CDBG 3.00 1.53 3.00 2.60 2.60 2.80 2.50 2.75 2.90 4.40
Economic Development Fund 6.00 7.00 5.00 6.25 6.25 - - - - -
Capital Improvements Fund - - - - - - - 4.50 4.50 4.50
Parking Fund 15.00 15.50 15.50 15.50 15.50 15.50 15.50 18.00 19.00 17.00
Water 41.00 42.50 40.00 42.50 44.50 44.50 44.50 45.75 45.25 46.25
Sewer 11.00 13.00 11.00 13.33 11.33 11.33 11.33 12.25 12.25 12.25
Solid Waste 6.00 10.00 8.00 9.66 9.66 9.66 9.66 10.5 11.50 13.50
Fleet Services 12.00 12.00 10.00 12.00 12.50 12.50 12.00 9.50 9.90 9.90
Insurance Fund 4.00 4.00 4.00 5.00 5.00 5.00 5.50 5.50 5.50 5.50
Total Other Functions 156.00 168.91 164.50 176.28 185.44 179.86 186.42 191.3 191.96 220.75
Total All Funds 769.00 793.17 781.70 805.67 819.22 815.04 828.85 804.88 792.77 809.43
Source: City of Evanston HR Division
Human Services Fund
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CITY OF EVANSTON, ILLINOIS
Property Tax Rates per $100 - Direct and Overlapping Governments
Last Ten Levy Years
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
City of Evanston*1.365 1.592 1.551 1.760 1.766 1.800 1.536 1.524 1.604 1.446
Consolidated Elections - 0.025 - 0.031 - 0.034 - 0.031 - 0.030
Cook County 0.423 0.462 0.531 0.560 0.568 0.552 0.533 0.496 0.489 0.454
Cook County Forest Preserve District 0.051 0.058 0.063 0.069 0.069 0.069 0.063 0.062 0.060 0.059
Metropolitan Water Reclamation District 0.274 0.320 0.370 0.417 0.430 0.426 0.406 0.402 0.396 0.389
North Shore Mosquito Abatement District 0.009 0.010 0.010 0.007 0.011 0.012 0.010 0.010 0.010 0.009
Evanston Township 0.046 0.011 0.010 0.053 - -- - - -
Community College 535 0.160 0.196 0.219 0.256 0.258 0.271 0.231 0.232 0.246 0.221
School District 202 1.819 2.061 2.308 2.689 2.659 2.792 2.332 2.329 2.462 2.024
School District 65 2.655 2.818 3.149 3.671 3.686 3.810 3.676 3.673 3.891 3.185
Total Tax Rate for Property not in Park District
or Special Service District 6.802 7.553 8.211 9.513 9.447 9.766 8.787 8.759 9.158 7.817
Percent of Total Tax Rate Levied by City of Evanston 20.07%21.08%18.89%18.50%18.69%18.43%17.48%17.40%17.51%18.50%
*City of Evanston rate includes General Assistance beginning in 2014. Does not include Evanston Public Library.
Source: Cook County Assessor's office
Government Unit
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CITY OF EVANSTON, ILLINOIS
Water Sold by Type of Customer
Last Ten Fiscal Years
(in 100 cubic feet)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Type of Customer
Residential 1,804,433$ 2,276,492$ 2,189,588$ 2,065,980$ 2,098,160$ 2,057,713$ 2,285,759$ 2,344,636$ 2,208,023$ 2,058,029$
Industrial 11,552 14,758 12,392 11,627 10,772 9,808 12,777 16,405 14,182 1,111,151
Commercial 928,621 1,117,431 1,105,077 1,036,034 1,045,791 1,061,080 1,115,236 1,083,414 1,154,229 815,275
Government 50,129 66,561 61,908 53,732 55,485 57,965 67,547 72,062 69,065 38,856
Total 2,794,735$ 3,475,242$ 3,368,965$ 3,167,373$ 3,210,208$ 3,186,566$ 3,481,319$ 3,516,517$ 3,445,499$ 4,023,311$
Total direct rate
per 100 cubic feet 1.52$ 1.75$ 1.80$ 1.98$ 2.18$ 2.18$ 2.31$ 2.47$ 2.74$ 2.89$
Source: City of Evanston Public Works Agency
- 160 -
CITY OF EVANSTON, ILLINOIS
Water Sold by Major Customers
Last Ten Fiscal Years
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Type of Customer
Evanston residents/businesses 4,719,084$ 6,124,221$ 5,915,560$ 6,301,307$ 6,975,785$ 6,820,350$ 7,280,260$ 7,640,457$ 8,235,089$ 8,613,315$
Village of Skokie 2,304,066 2,989,109 2,772,424 2,805,425 2,854,684 2,941,912 3,651,338 5,773,487 5,572,511 2,489,520
Northwest Water Commission 3,710,581 5,033,996 5,183,425 5,074,770 5,183,391 5,695,812 5,898,670 5,963,424 5,416,394 5,549,357
Morton Grove and Niles - - - - - - - 19,830 1,075,089 1,918,954
Village of Lincolnwood - - - - - - - - - 352,370
Total 10,733,731$ 14,147,326$ 13,871,409$ 14,181,502$ 15,013,860$ 15,458,074$ 16,830,268$ 19,397,198$ 20,299,083$ 18,923,515$
Source: City Utilities Department
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CITY OF EVANSTON, ILLINOIS
Operating Indicators by Function/Programs
Last Ten Years
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Function/Program
Police
Violent offenses 180 230 131 97 80 130 122 140 73 88
Property offenses 2,144 2,078 1,980 1,959 1,872 1,681 1,777 1,708 1,979 1,481
911 calls received 51,969 44,875 42,551 44,177 46,749 42,763 38,525 36,642 39,357 38,279
Fire
Emergency responses 9,063 9,330 9,373 9,617 9,630 10,267 10,058 10,014 10,256 9,091
Fires extinguished 157 154 129 120 99 114 90 111 69 77
Inspections 620 640 660 740 760 760 1,267 1,275 446 728
EMS Responses (reported beginning 2016)- - - - - 6,441 6,456 6,419 6,678 5,912
Other Public Works
Street resurfacing (estimated miles)3.4 3.4 3.4 4.9 2.7 2.9 2.9 2.9 1.9 2.9
Parks and Recreation
Athletic field usage (hours)20,075 16,761 16,367 16,270 15,531 27,426 22,920 24,263 22,054 8,749
Picnic permits issued 437 541 445 448 404 229 652 572 641 94
Library
Volumes in collection 436,382 426,342 400,034 401,300 481,626 534,533 540,696 514,756 562,567 535,527
Total volumes borrowed 891,769 989,638 1,056,243 1,074,972 1,071,401 1,078,653 1,039,585 1,207,419 1,191,600 699,631
Water
New connections 16 4 - 18 9 3 3 7 15 8
Water main breaks 28 66 51 70 23 28 28 32 28 29
Average daily consumption
(millions of gallons)38.39 39.85 35.81 36.79 36.63 39.645 39.645 41.122 43.151 46.50
Peak daily consumption
(millions of gallons)65.95 69.21 56.95 48.91 50.59 55.084 55.084 55.291 60.248 62.63
Note: Indicators are not available for general government functions
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CITY OF EVANSTON, ILLINOIS
Capital Assets Statistics by Function
Last Ten Years
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Function/Program
Police
Number of stations 1 1 1 1 1 1 1 1 1 1
Budgeted sworn officers 164 164 164 164 164 165 165 165 166 154
Fire Stations 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 5,736 5,736 5,736 5,641 5,641
Parks and Recreation
Acreage 290 290 290 290 290 290 290 290 290 290
Playgrounds 51 51 51 51 51 51 51 60 60 60
Baseball/softball diamonds 18 18 18 18 18 18 18 13 16 16
Soccer/football fields 27 27 27 27 27 27 27 27 27 27
Community centers 5 5 5 5 6 6 7 7 7 7
Water
Water mains (miles)157 157 157 157 156.4 155.6 155.6 155.8 157.5 156.2
Fire hydrants 1,399 1,399 1,399 1,477 1,484 1,490 1,490 1,508 1,511 1,501
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; Budget
Source: City Finance division
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COMPLIANCE SECTION
1415 West Diehl Road, Suite 400
Naperville, IL 60563
630.566.8400
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,
2020. 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 standards established by the
American Institute of Certified Public Ac countants. Those standards require that we plan and
perform the examination to obtain reasonable assurance about whether management’s assertion
about compliance with the specified requirements is fairly stated, in all material respects. An
examination involves performing procedures to obtain evidence about whether management’s
assertion is fairly stated, in all material respects. The nature, timing, and extent of the procedures
selected depend on our judgement, including an assessment of the risks of materi al misstatement of
management’s assertion, whether due to fraud or error. We believe the evidence we obtained is
sufficient and appropriate to provide 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, 2020, is fairly stated in all material
respects.
Naperville, Illinois
June 28, 2021
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