FY 2013 Annual Financial Report Multi-Purpose Long Form

Transcription

1 DO NOT SEND THIS PAPER COPY - THIS IS your COpy. STATE OF ILLINOIS COMPTROLLER MAKE SURE YOU HAVE CLICKED THE SUBMIT BUTION IN THE COMPTROLLER CONNECT PROGRAM THIS WILL JUDY BAAR TOPINKA PROVIDE THE COMPTROLLER'S OFFICE WITH A COpy OF your ANNUAL FINANCIAL REPORT. FY 2013 Annual Financial Report Multi-Purpose Long Form CC Copy - 9/25/ :04:00AM Unit Name: Lisle Township County: DUPAGE Unit Code: 022/040/01 I attest that, to the best of my knowledge, this report represents a complete and accurate statement of the fmancial position of Lisle Township as of the end of this fiscal year. Written signature of government official Richard Tarulis, Supervisor Please Sign 'K~ :r'l'~ Date

2 Unit Name: Lisle Township Unit Code Number: 022/040/01 PLEASE CROSS OUT ALL INCORRECT INFORMATION AND PROVIDE CORRECTIONS Please be sure to fill out this section accurately. The information you provide below is (1) our primary way of contacting your government, (2) the information we supply to external agencies, and (3) is the name and title we will list on our website. This section should NOT contain ANY of your Accounting Professional's information ior STEP 1: ENTER CONTACT INFORMATION Is the following information correct and complete? Yes No A. Contact Person (elected or appointed B. ChiefExecutive Officer (Enter your name C. Chief Financial Officer (Enter your name here D. Purchasing Agent (Enter the Purchasing official responsible for filling out this form): here ONLY if you are the elected or appointed ONLY if you are the elected or appointed official Agent or if there is no Purchasing Agent, the official r~sponsible for the EXECUTIVE responsible for MAINTAINING THE name ofthe person responsible for oversight ADMIN~STRATION, i.e. mayor, supervisor, or GOVERNMENT'S FINANCIAL RECORDS. of all competitively bid contracts should be chairman. Your name will be listed with this Your name will be listed with this responsibility on listed) responsibility on our website.) our website. Richard I Tarulis Richard I Tarulis Richard I Tarulis Richard rarulis Supervisor Supervisor Supervisor Purchasing Agent 4711 Indiana Avenue 4711 Indiana Avenue 4711 Indiana Avenue 4711 Indiana Avenue Lisle Lisle Lisle Lisle IL IL IL IL Phone: (630) Phone: (630) Phone: (630) Phone: (630) Fax: (630) Fax: (630) Fax: (630) Fax: (630) rtarulis@lisletownship.com rtarulis@lisletownship.com rtarulis@lisletownship.com rtarulis@lisletownship.com ~ If the Chief Executive Officer and the Chief Financial Officer are the same person as the Contact Person, please check this box and skip to Step 2. Ifnot, please do not leave columns B and C blank 1

3 Unit Code Number: 022/ Unit Name: Lisle Township '"' STEP 2: VERIFY FISCAL YEAR END /FY END DATE: I [fthe fiscal year end date listed above is incorrect, cross out the incorrect date and provide the correct date. Official documentation of this change must be sent to the Chicago office before the fiscal year end late is officially amended '"' STEP 3: GASB 34, ACCOUNTING SYSTEM, DEBT, UTILITY, HOME RULE, TIF, AND PENSION / RETIREMENT BENEFITS <\.. Has your government implemented GASB 34 in FY 2013 reporting or in previous reporting years? x Yes No If Yes: o Governments who have implemented GASB 34 and are using "Other Comprehensive Basis of Accounting' (OCBOA) such as "Cash Basis" and "Modified Cash Basis" as their accounting system will now be able to select these types as their accounting system o Please fill out the Alternative Assets & Liabilities page, located on page Fl(b) B. Which type of accounting system does Lisle Township use? Cash - with no assets (Cash Basis) Modified Accrual/Accrual x Cash - with assets (Modified Cash Basis) Combination (Explain) 2. Does the government have bonded debt this reporting fiscal year? Yes x No If "Yes", indicate the type(s) of debt and complete the Statement of Indebtedness page, located on page F7. G.O.Bonds Revenue Bonds Alternate Revenue Bonds D. Does the government have debt, other than bonded this reporting fiscal year? Yes x No If "Yes', indicate the type(s) of debt and complete the Statement of Indebtedness page, located on page F7. Contractual Commitments Other (Explain) E:. Does Lisle Township own or operate a public utility company? Yes x No Water/Sewer Electrio'Gas'Iransit 911 TelephonelTelecommunications Other 8'. Is Lisle Township a home rule unit? Yes x No :;. Does Lisle Township have a Tax Increment Finance (TIF) district? Yes x No H, Does the government have pension funds or other retirement benfits this reporting fiscal year? X Yes If Yes, indicate the type( s) of pension funds or other retirement benefits and complete the Pension Funds' Retirement Benefits section No x Illinois Municipal Retirement Fund (IMRF) Other Pension (Explain) Police Pension Fire Pension Sheriffs Law Enforcement Personnel Plan (SLEP) Other Post Employment Benefit (OPEB) 2 FY20I3AFR

4 Jnit Name: Lisle Township Jnit Code Number: 022/040/01 STEP 4: POPULA TION,EA V AND EMPLOYEES /\What is the total population of Lisle Township? 117,604 What is the total EAVofLisle Township? $ 4,752,935,484 *How many full time employees are paid? 28 *How many part time employees are paid? 11 What is the total salary paid to all employees? $ 1,650,374 /\Or provide estimated population *Do not include contractual employees. STEPS 5 AND 6: COMPONENT UNITS AND APPROPRIATIONS Provide the appropriation for the primary government listed in the first row of the table below. In the remaining rows, provide the names of all component units along with their appropriations. Indicate if the component units are blended or discretely presented, their fiscal year end dates, and if the component units are funded with governmental fund types or enterprise fund types. If the component units are already indicated, that data is based on forms submitted last year. If you have more component units than the rows provided below, please indicate them on an attachment If you need assistance with the terms indicated below, refer to the Chart of Accounts and Definitions and the How to Fill Out An AFR documents. Name of Unit'Component Appropriation Type of Component Unit FISCAL YEAR Enterprise Fund Type or (Blended or END Governmental Fund Type FUNDS SHOULD NOT BE LISTED HERE Discretely Presented) Lisle Township $3,196,272 Road & Bridge $3,082,600 Blended 03/31 Governmental Total Appropriations $6,278,872 *Do not enter funds such as Joint Bridge, Permanent Road, Town Fund, Equipment, Water & Sewer, General Assistance, etc. These funds should be included in Step 8. "Tfthe Primary Government or Component Unit does NOT budget or levy taxes, please enter the unit's TOTAL EXPENDITURES. 3

5 Jnit Name: Lisle Township Jnit Code Number: 022/040/01.. STEP 7: OTHER GOVERNMENTS.ndicate any payments Lisle Township-has made to other governments for services or programs (include programs performed on a reimbursement, cost-sharing basis or federal payroll taxes). Intergovernmental agreements - indicate how much was paid $ 0 Federal government payroll taxes $ 121,538 All other intergovernmental payments $ 0 4

6 Jnit Name: Lisle Township Jnit Code Number: 022/040/01 II> STEP 8: FUND LISTING & ACCOUNT GROUPS A. List all funds and how much was spent in FY 2013 for each fund. Also, indicate the Fund Type (Fund Types are at the top of each column beginning on page Fl). If any fund names appear below, the data is based on forms submitted last year. Please make all necessary corrections. If you have more fund names than the rows provided below, please indicate them on an attachment! Fund Name I Expenditure IFund Type! FY End! Agency Fund $ I Fiduciary Fund 03/31 General Assistance Fund $ 211,330 Special Revenue Fund 03/31 Motor Fuel Tax Fund $ 1 Special Revenue Fund 03/31 Road & Bridge Fund 1$ 2,770,674 1 Special Revenue Fund 03/31 Town Fund Total Expenditures 4,809,269 I : 1,827,263 I General Fund 03/31 B. Does Lisle Township have assets or liabilities that should be recorded as a part of Account Groups? See Chart of Accounts and Definitions and the How to Fill Out An AFR documents for more information about Account Groups. Yes x No 5

7 Jnit Name: Lisle Township Jnit Code Number: 022/ '" STEP 9: GOVERNMENTAL ENTITIES List of governmental entities that are part of or related to the primary government. Exclude component units detailed in Steps 5 & 6. Most small governments do not have governmental entities. I Entity N,m, I R,I,ti.n,bip I.. STEP 10: REPORTING Check any state or local entity where financial reports are filed STATE AGENCIES -- - Board of Education - Board of Higher Education -DCEO - Department of Insurance OTHER STATE OR LOCAL OFFICES -- X - Illinois Comptroller - Secretary of State General Assembly - House -- - General Assembly - Senate X - County Clerk - Circuit Clerk Governor's Office - Other- 6

8 Code Enter all Amounts in Governmental Activity Business-Like Activity Fiduciary Discretely Presented Whole Numbers Component Units Assets Current Assets Reportln-Whole Numbers 10lt Cash and Cash Equivalent 5,479, ,367 o I 102t Investments list Receivables t Inventories t Other Assets (Explain) 330, Non-Current Assets Report In Whole Numbers 1116t Capital AssetslNet of Accumulated Depreciation o I o I o I o I 1117t Other Capital Assets (Explain) o 1 01 o 1 o t TOTAL ASSETS 5,810,263 I o I 128,367 I o I Liabilities Code Enter all Amounts in Governmental Activity Business-Like Activity Fiduciary Discretely Presented Wholc Numbers Component Units - Cun-cntLlibilitIcs ReporTInWhole Numbers 122t All Payables t Deferred Revenues t Other Liabilities (Explain) ,367 0 Non-Current/Long-Term Liabilitics Report In Whole Numbers 129t Due Within One Year BOt Due Beyond One Year BIt Other Non-CurrentILong Term Liabilities (Explain) I ~ TOTAL LIABILITIES I 0 I 0 I 128,367 I 0 I Net Assets Code Entcr all Amounts in Governmental Activity Business-Like Activity Fiduciary Discretely Presented Whole Numbers Component Units 143t Investments in Capital AssetslNet of Related Debt t Net Assets - Restricted t Net Assets - Unrestricted 5,810, t TOTAL NET ASSETS 5,810, t TOTAL LIABILITIES & NET ASSETS 5,810, ,367 0 Mult~Purpose Form F1b

9 Revenues and Receipts C'.lde Enter all Amounts in General Special Capital Debt Enterprise Internal Fiduciary Discretely Whole Numbers Revenue Projects Service Service Presented Component Units Local Taxes Report In Whole Numbers 20lt Property Tax 2,061,919 2,990, t Local Sales Tax t Utilities Tax a Electric Utilities b Water Utilities c Communications Utilities d Other Utilities (Explain) t Other Taxes (Explain) Intergovernmental Receipts & Grants 211t State Income Tax t State Sales Tax t State Motor Fuel Tax 0 82, t State Replacement Tax 43,;-'42 40, St State Gaming Tax(es) St Other State Sources (Explain) a General Support Sb Public Welfare Sc Health and/or Hospitals d Streets and Highways e Culture and Recreation f Housing/Comm. Development g Water Supply System h Electric/Gas Power System i Mass Transit Sj Other (Explain) St Other Intergovernmental Sources a General Support b Public Welfare c Health and/or Hospitals d Streets and Highways e Culture and Recreation f Housing/Comm. Development 0 0 a 0 a a a a 225g Water Supply System F2

10 Revenues and Receipts COOe n.nrer all Amounts In \jeneral Specrai capital uent J!;nterpnse internal r iuuciary uiscrereiy Whole Numbers Revenue Projects Service Service Presented Component Units Intergovernmental Receipts & Grants 22Sh Electric/Gas Power System Si Mass Transit Sj Other (Explain) t Other Intergovernmental (Explain) Other Sources 23lt Licenses and Permits t Fines and Forfeitures t Charges for Services a Water Utilities b Gas Utilities a a a a 0 234c Electric Utilities d Transit Utilities e Sewer Utilities f Refuse and Disposal Charges g Parking h Housing 0 a a i Highway or Bridge Tolls j Culture and Recreation a a k Other (Explain) St Interest 7,697 5, t Miscellaneous (Explain) 574,982 45, t Total Receipts and Revenue 2,687,940 3,164, F3

11 Disbursements, Expenditures and Expenses Code Enter all Amounts in General Special Capital Debt Enterprise Internal Fiduciary Discretely Whole Numbers Revenue Projects Service Service Presented Component Units Report In Whole Numbers 25lt General Government 1,827, a Financial Administration b General Administrative Buildings c Central Administration 1,827, d Other (Explain) t Public Safety a Police b Fire c Regulation - Building Inspection d Other (Explain) t Corrections t Judiciary and Legal t Transportation and Public Works 0 2,770, a Streets and Highways 0 2,770, b Airports c Parking Meters d Parking Facilities e Other (Explain) t Social Services 0 211, a Welfare 0 211, b Health (Other than hospitals) c Hospital Operations d Cemeteries e Other (Explain) t Culture and Recreation a Library b Parks c Other (Explain) t Housing St Environment a Sewage Office of the Comptroller, Multi-Purpose Judy Baar Topinka Form F4

12 o Enter Disbursements, Expenditures and Expenses all Amounts in General Special Capital Debt Enterprise Internal Fiduciary Discretely Whole Numbers Revenue Projects Service Service Presented Component Units Report In Whole Numbers 275b Solid Waste Management c Other (Explain) t Debt a Interest b Principal t Public Utility Company a Water b Electric c Transit d Other (Explain) t Depreciation t Capital Outlay t Other Expenditl!reslExpenses (Explain) ~ Total ExpenditureslExpense I 1,827,263 I 2,982,004 I 0 I 0 I 0 I 0 I 0 I 0 I Office of the Comptroller, FY2013 AFR Judy Baar Topinka F5

13 Fund Balances and Other Financing Sources (Uses) Discretely Presented Enter all Amounts in Special Capital Debt Internal Component Code Whole Numbers General Revenue Projects Service Enterprise Service Fiduciary Units Report in Whole Numbers 30lt Excess of receipts/revenues over (under) 860, , expenditures/expenses (240t-270t) 302t Operating transfers in t Operating transfers out t Bond proceeds t Other long term debt (Explain) t Net increase (decrease) in fnnd balance 860, , (301t+ 302t- 303t+ 304t+ 305t) 307t Previous year fund balance 2,618,624 2,148, t Other (Explain) t Cnrrent Year Ending Fund Balance (306t 3,479,301 2,330, t+ 308t) F6

14 Statement ofindebtedness (Governmental & Proprietary Combined) Outstanding Original Issue Final Interest Rate Interest Rate Debt Instruments Beginning of Issued Current Retired Current Outstanding Amount Maturity Date Ranges - Ranges - Code for All Funds Code Year Fiscal Year Code Fiscal Year Code End of Year Lowest Highest Report in Whole Numbers eneral Obligation Bonds Water 400a 406a Electric 400b 406b 412a 412b 418a 418b Transportation 400c 406c -- Housing 400d I 1~6d Other (Explain) 400e 406e I Revenue Bonds c 418c 412d 418d 412e 418e Water 401a 407a Electric 401b 407b 413a 413b 419a 419b Transportation c 407c Housing --- I 401d / /407d Other (Explain) / 401e / /407e lternate Revenue Bonds ontractual Commitments ther (Explain) Total Debt 405 I c 419c 413d 419d 413e 41ge Total Legal Debt Limitation 0 Please provide a summary of the authorized debt limitations, including any statutory references. Total Debt Applicable to the limit 0 Legal Debt Margin $0 Legal Debt Margin (%) 0 %

15 Future Debt Service Requirements for Bonded Debt listed above Years Ending Principal Interest Total F7

16 Pension Funds / Retirement Benefits Code IMRF Police Pension Fire Pension Actuarial Valuation Date Total Pension Liability / Actuarial Accrued Liability $ $ 4,598,595 $ 4,767,599 $ 0 $ 0 $0 $0 $0 $0 Total Funded Pension / Actuarial Value of Assets $ 4,036,077 $2,275,062 $ 2,992,818 $ 0 $ 0 $ 0 $ 0 $ 0 $ Total Unfunded Pension Liability $ 1,463,296 $ 2,323,533 $ 1,774,781 $ 0 $ 0 $ 0 $ 0 $ 0 $ Funded Ratio /, 490/, 63 0/, 00/, 00/, 00/, 00/, 00/, 00/, Net Pension Obligation / Net OPEB 505 Obligation $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Code SLEP Other Pension OPEB (Net) 500 Acturial Valuation Date Total Pension Liability / Actuarial $ 0 $ 0 $ 0 $0.00 $ 0 $ 0 $ 0 $0 $0 Accrued Liability Total Funded Pension / Actuarial Value $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 of Assets 503 Total Unfunded Pension Liability $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ Funded Ratio 00/, 00/, 00/, 00/, 00/, 00/, 00/, 00/, 00/, 505 Net Pension Obligation / Net OPEB $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Obligation F8

17 * Capital Outlay These are not funds Land, Structures, Code Function Construction and Equipment 60H General Government $ 0 $ 0 602t Law Enforcement $ 0 $ 0 603t Corrections $ 0 $ 0 604t Fire $ 0 $ 0 60St Sewerage $ 0 $ 0 606t Sanitation and Wastewater $ 0 $ 0 607t Parks and Recreation $ 0 $ 0 608t Housing and Community Development $ 0 $ 0 609t Highways, Roads and Bridges $ 0 $ 0 610t Parking Facilities $ 0 $ 0 61H Welfare $ 0 $ 0 612t Hospital $ 0 $ 0 613t Water $ 0 $ 0 614t Nursing Homes $ 0 $ 0 61St Conservation and Natural Resources $ 0 $ 0 616t Libraries $ 0 $ 0 617t Other $ 0 $ 0 *This page should only be filled out if you have spent funds for capital projects or development. *The Capital outlay page is requested by the US. Census Bureau and is considered optional by the State Comptroller. *Ifyou complete this page you WILL NOT have to complete the Survey of Government Finances from the U.S. Census Bureau. *Ifyou do NOT complete this page the U.S. Census Bureau will contact you for further information. Explanation or Comments: li2t Due from other governments 236t Other income F9

18 CPA INFORMATION According to the Governmental Account Audit Act [50 ILCS 310], an Annual Audit submitted to the IL Office of the Comptroller shall be performed by a licensed public accountant, with a valid certificate as a public accountant under the Illinois Public Accounting Act [225 ILCS450]. Please access the website ofthe Illinois General Assembly ( to view these Acts. If your government is required to submit an Annual Audit, please complete the following: Is the Licensed Certified Public Accountant performing your audit working as an individual licensed in Illinois, or are they working in association with a Public Accounting Firm or a Professional Service Corporation licensed in Illinois, or are they licensed in another state? Please use a checkmark to select one choice: Individual Licensed Certified Public Accountant Public Accounting Firm (1L License) Professional Service Corporation (IL License) [!] Out-of-State (Individual/Public Accounting Firm / Professional Service Corporation) If you selected Public Accounting Firm (ll), please complete the licensee information below: Please provide the following information for the Public Accounting Firm performing the Annual Audit for your government Enter the active 9-digit License#: License Status: ACTIVE Business Name: KLEIN HALL & ASSOCIATES LLC Address: TH ST STE 102 Address 2: City: AURORA State: IL ZIP: Phone: (630) Ext Fax: (630) Last Name: Duenser First Name: Scott Title: Partner Phone: (630) Ext FlO