Village of Bellwood, IL

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1 Series 2012 Annual Budget Fiscal Year Ended December 31, 2016 Annual Budget Filed with EMMA Separately Debt Information Direct General Obligation Bond Debt General Obligation Bonded Debt Total General Obligation Bonds $ 86,820,000 Other Obligations Issue Maturity Principal Outstanding Illinois EPA Loan $ 684,832 Illinois EPA Loan $ 1,559,414 Promissory Note $ 340 Promissory Note 2012 (2/2012) 2016 $ 10,624 Promissory Note 2012 (10/2012) 2017 $ 38,637 Total Other General Obligations $ 2,293,847 Source: Village FY 2015 Audited Financial Statements and Auditor support schedules. General Obligation Debt Limit The Village is a home rule municipality and, as such, has no general obligation debt limit, is not required to seek referandum approval for the issuance of Bonds, and has no statutory tax rate limitation for any purpose. The Village has used general obligation debt borrowings for a variety of purposes.

2 Schedule of Bonded Indebtedness Fiscal Year Ended December 31, Dated Amount Maturity Series 2014 Series 2015 Series 2006A Series2006B Series 2012 Series 2013C Total Bonded Indebtedness 9/15/2006 $16,650,000 5/2006 $26,000,000 11/29/2012 $25,000,000 Principal ($) Interest ($) Principal ($) Interest ($) Principal ($) Interest ($) Principal ($) Interest ($) Principal ($) Interest ($) Principal ($) Interest ($) Total Principal ($) Total Interest ($) Total P&I ($) Percentage Paid 2016 $ 510, , , ,888 - $ 1,508,089 $ 360,000 $ 179,865 $ - $ - $ - $ 191,600 $ 1,325,000 $ 3,066,846 $ 4,391, % , , , ,688 - $ 1,508, , ,525 - $ 469,975 - $ 191,600 $ 1,200,000 $ 3,485,606 4,685, % , , ,000 1,067,488 - $ 1,508, , ,713 - $ 469,975 1,780,000 $ 427,400 $ 3,460,000 $ 4,129,532 7,589, % , ,180 1,155,000 1,037,688 - $ 1,508, , ,585 - $ 469,975 1,440, ,000 $ 3,565,000 $ 4,011,516 7,576, % , ,030 1,205, ,488 - $ 1,508, , ,143 1,055,000 $ 469, , ,000 $ 3,730,000 $ 3,856,724 7,586, % , ,530 1,265, ,238 - $ 1,508, , ,228 1,095, , , ,000 $ 3,890,000 $ 3,692,859 7,582, % , ,655 1,720, ,988 - $ 1,508, , , ,975 1,245, ,000 $ 4,050,000 $ 3,521,546 7,571, % , ,380 1,800, ,288 1,900,000 $ 1,508, ,000 92, , , , ,750 $ 5,650,000 $ 3,335,619 8,985, % , ,800 1,885, ,788 2,015,000 1,396, ,000 77, , , , ,750 $ 5,925,000 $ 3,055,239 8,980, % , ,560 2,395, ,675 2,130,000 1,278, ,000 63, , , ,500 $ 6,320,000 $ 2,769,883 9,089, % , ,000 2,505, ,888 2,260,000 1,152, ,000 48, , , ,750 $ 6,490,000 $ 2,466,528 8,956, % , ,125 2,620, ,425 2,390,000 1,020, ,000 32, , , ,750 $ 6,800,000 $ 2,154,073 8,954, % , ,675 3,200, ,525 2,530, , ,000 16, ,500 1,085, ,750 $ 8,185,000 $ 1,819,745 10,004, % , ,650 3,345, ,525 2,685, , ,500 1,130,000 56,500 $ 8,040,000 $ 1,411,338 9,451, % , , ,850, ,035-1,970, ,500 $ 5,740,000 $ 999,585 6,739, % ,000 88, ,025, ,760-2,070, ,000 $ 6,060,000 $ 684,410 6,744, % ,005,000 45, ,215, ,723-2,170, ,500 $ 6,390,000 $ 351,448 6,741, % 2033 $ - $ $ - $ - - Totals $ 12,370,000 $ 5,514,513 $ 24,590,000 $ 9,649,575 $ 25,000,000 $ 19,656,809 $ 5,710,000 $ 1,337,648 $ 9,890,000 $ 5,745,600 $ 9,260,000 $ 2,908,350 $ 86,820,000 $ 44,812,494 $ 131,632,494 12/2/2013 $6,400,000 11/25/2014 $9,890,000 9/2/2015 $9,260,000 Source: Village FY 2015 Audited Financial Statements and Auditor support schedules.

3 Series 2006B, 2006A FY 2015 Debt Statement Total Net Direct General Obligation Bonded Debt $ 86,820,000 Overlapping Indebtedness $ 31,653,345 Equalized Assessed Valuation (2014) $ 205,781,637 Estimated Full Valuation $ 617,351, Census Population 19,071 Net Direct Debt Per Capita $ 4,552 Ratio of: Net Direct Debt to EAV 42.19% Net Direct Debt to Estimated Full Version 14.06% Series 2008, 2006B, 2006A, 2005B, 2005A FY 2011 Debt Statement Fiscal Year Ended December 31, 2011 Total Net Direct General Obligation Bonded Debt $ 58,125,000 Overlapping Indebtedness $ 37,947,067 Equalized Assessed Valuation (2010) $ 332,142,772 Estimated Full Valuation $ 996,438, Census Population 19,071 Net Direct Debt Per Capita $ 3,048 Ratio of: Net Direct Debt to EAV 17.50% Net Direct Debt to Estimated Full Version 5.83% Illinois Property Valuations Current Property Valuation Valuation 2014 Estimated Market Value $ 617,351, Equalized Assessed Value $ 205,781,637, 2006B, 2006A Equalized Assessed Value by Classification Residential $ 122,521,795 $ 133,826,275 $ 145,032,642 $ 162,153,440 $ 238,585,943 Commercial 20,825,705 22,816,067 26,635,482 29,252,375 1,573,287 Industrial 60,852,492 66,368,200 70,202,212 70,022,722 90,917,336 Railroad 1,578,645 1,502,933 1,298,997 1,218,193 1,066,206 Total $ 205,778,637 $ 224,513,475 $ 243,169,333 $ 262,646,730 $ 332,142,772 Percent Increase (decrease) -8.34% -7.67% -7.42% % 1.11% Source: Cook County Clerk's Office. Percentage increase for 2010 based on 2009 EAV of $328,504,078. Years 2011 and 2014 reassessment years. Larger Taxpayers 2014 Equalized Percentage of Total Village Taxpayer Type of Property Assessed Valuation Equalized Assessed Value 1 Washington Commons Industrial Park $ 11,938, % 2 Ferrara Candy Bellwood Candy Warehouse & Distribution 3,265, % 3 SBC Ameritech Commerical Improvements 2,794, % 4 Borg Warner Corp Automotive Parts Distributor 2,663, % 5 Nubani Sam Candy Warehouse & Distribution 1,902, % 6 U Store It Commerical Improvements 1,885, % 7 Realty Assocation Fund VII Real Estate 1,819, % 8 Combined Metals LP Industrial 1,650, % 9 HAP Grane Partners Commerical Improvements 1,627, % 10 Douglas Press Inc Specialty Games Priniting 1,567, % Total $ 31,113, % Village's Total 2014 EAV $ 205,778,637 Source: Cook County Clerk's Office

4 Tax Levies, Collections and Tax Rates, 2006B, 2006A Tax Levies and Collections Percent of Collections to Date Current and Back Tax Year Tax Extension and Back Taxes Taxes Collected to Date 2014/15 $ 18,469,120 $ 17,319, % 2013/14 $ 16,973,218 $ 15,687, % 203 $ 16,985,378 $ 15,339, % 2011/12 $ 16,972,232 $ 16,086, % 2010/11 $ 17,058,853 $ 15,457, %, 2006B, 2006A Tax Rates Per $100 of Equalized Assessed Valuation Tax Year Tax Year Tax Year Tax Year Tax Year Fund Corporate Fund $ $ $ $ $ Bonds and Interest Police Pension Fire Pension IMRF and Social Security Total Village Tax Rate $ $ $ $ $ Cook County Cook County Forest Preserve District Metropolitan Water Reclamation District Suburban T.B. Sanitarium Consolidated Elections Proviso Township General Assistance Proviso Mental Health District Des Plaines Valley Mosquito Abatement Village of Bellwood Library Fund School District No Proviso Twp High School District No Triton Community College District No Memorial Park District Total Representative Tax Rate $ $ $ $ $

5 The Village Summary General Fund Information, 2006B, 2006A General Fund Statement of Revenues, Expenditures and Changes in Fund Balance Fiscal Year Ended December 31, Revenues: Property Taxes $ 11,506,318 $ 10,461,824 $ 11,126,262 $ 11,982,783 $ 11,365,997 Local Taxes 3,864,759 4,042,123 3,741,630 3,671,270 3,667,062 Intergovernmental Revenues 2,619,714 2,524,062 2,411,514 2,258,667 2,079,773 Licenses, Permits and Fees 968, , , , ,288 Fines and Traffic Violations 2,146,063 2,094,192 1,970,225 2,058,933 1,554,191 Charges for Services 2,163,158 2,158,846 1,899,890 1,628, ,556 Interest 22,091 49,162 (1,768) 14,670 76,010 Grants 182,003 Miscellaneous 1,454, , , , ,229 Total Revenues $ 24,745,014 $ 23,198,826 $ 22,815,053 $ 23,145,465 $ 21,028,109 Expenditures: Current Operating: General Government $ 7,812,753 $ 8,179,533 $ 7,726,667 $ 7,015,073 $ 8,288,082 Public Safety Police 6,328,864 6,412,959 6,761,191 6,751,997 6,907,191 Public Safety Fire 3,414,336 3,171,533 3,074,801 3,047,198 3,122,887 Other Public Safety 703, , , , ,273 Highways and Streets 1,480,781 1,467,076 1,383,974 1,346,662 1,246,778 Garbage Disposal 1,262,601 1,220,959 1,161,255 1,144,891 Welfare and Civil Defense 361, , , ,005 53,451 Debt Service 128,369 62,887 32, ,050 73,007 Total Expenditures $ 21,491,972 $ 21,563,009 $ 21,016,804 $ 20,263,392 $ 20,179,669 Revenues over (under) expenditures $ 3,253,042 $ 1,635,817 $ 1,798,249 $ 2,882,073 $ 848,440 Other Financial Sources/Uses Bonds/Loan Proceeds $ $ $ $ $ Capital Outlay Proceeds from capital lease 371,849 40,400 Proceeds from sale of capital assets 25,000 18,300 4,000 Transfers In (Out) (5,590,543) (490,150) (571,500) 2,427,581 (547,093) Excess of Revenues and other Finances Sources or (Expenditures and Uses) (2,312,501) 1,535,816 1,271,149 5,309, ,347 Fund Balance, Beginning 8,323,191 6,787,375 5,516, ,572 (94,775) Fund Balance Ending $ 6,010,690 $ 8,323,191 $ 6,787,375 $ 5,516,226 $ 206,572 General Fund Balance Sheet Fiscal Year Ended December 31, Assets: Cash and investments receivables, net of allowance $ 2,031,934 $ $ 742,661 $ 1,700,410 $ 4,723,666 Accounts Receivable 193, , , ,356 Property taxes 12,433,309 11,768,315 10,834,743 11,941,909 11,917,113 Intergovernmental 1,007,812 1,011, ,921 1,123,765 1,251,922 Deposits 78, ,000 80,922 45,789 8,536 Interest 1, ,427 3,652 Other 303, , , , ,011 Inventories 8,503 4,330 8,222 6,924 2,566 Prepaids 311, ,935 11, , ,102 Advances to other funds 2,853,238 7,588,143 5,310,699 2,534,776 20,121 Total Assets $ 19,222,792 $ 21,370,018 $ 18,358,164 $ 18,067,892 $ 18,202,689 Liabilities: Accounts payable $ 353,158 $ 451,098 $ 542,119 $ 515,718 $ 561,683 Accrued payroll 658, , , , ,189 Other payables 311, ,000 5,159 7,566 25,511 Advances from other funds 139,084 5,471,845 Deferred revenue 11,749,415 11,749,920 10,732,264 11,781,174 11,687,921 Due to other governments 15,863 7,437 7,279 9,011 Due to fiduciary funds 327,522 16,867 38,263 58,957 Total Liabilities $ 13,212,102 $ 13,046,827 $ 11,570,789 $ 12,551,666 $ 17,996,117 Fund Balances: Nonspendable Inventories $ 8,503 $ 4,330 $ 8,222 $ 6,924 $ 2,566 Prepaids 311, ,935 11, , ,102 Interfunds Economic development Advances 2,853,238 7,588,143 5,310,699 2,534,776 20,121 Unassigned 2,837, ,783 1,456,577 2,687,203 45,783 Total fund balances $ 6,010,690 $ 8,323,191 $ 6,787,375 $ 5,516,226 $ 206,572 Total Liabilities and Fund Balances $ 19,222,792 $ 21,370,018 $ 18,358,164 $ 18,067,892 $ 18,202,689

6 General Fund Current Year Budget Budget Revenues: Year Ending Dec. 31, 2016 Local Taxes $ 15,211,704 State Taxes 2,495,000 Licenses and Permits 828,425 Fees and Fines 3,946,638 Charges for Services Intergovernmental 41,423 Investment Income 25,000 Lease of Village Property 20,000 Other 1,569,190 Total Revenues $ 24,137,380 Expenditures: Personnel $ 11,144,321 Contractual 8,937,633 Supplies 501,269 Capital and Equipment 151,250 Transfers Out 935,624 Other 2,421,253 Total Expenditures $ 24,091,350 Revenues and other sources over/(under) expenditures $ 46,030