REVENUE ANALYSIS AND DETAIL

REVENUE ANALYSIS AND DETAIL Revenue by Source Summary Grand Total 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Taxes 1 6,615,043 6,940,333 6,895,943 (44,390) -0.6% Donations 737,119 216,400 11,900 (204,500) -94.5% Grants 12,337 11,100 1,100 (10,000) -90.1% Advertising 1,400 1,650 3,150 1,500 90.9% Scholarships 10,992 8,000 7,000 (1,000) -12.5% Program Fees 3,479,068 3,383,120 3,629,993 246,873 7.3% Rentals 600,995 684,361 1,140,002 455,641 66.6% Passes, Memberships, Daily Uses 3,650,800 4,139,561 4,266,401 126,840 3.1% Merchandise Sales 596,799 494,662 483,150 (11,512) -2.3% Transfers 2,336,770 3,122,224 897,949 (2,224,275) -71.2% Bond/Insurance Proceeds 922,062 500,000 500,000 0 0.0% Interest 791,910 280,000 178,000 (102,000) -36.4% Total Revenue 19,755,295 19,781,411 18,014,588 (1,766,823) -8.9% Percent of 2009 Revenues by Source Transfers 4.98% Merchandise Sales 2.68% Passes, Memberships, Daily Uses 23.68% Rentals/Lease 6.33% Bond/Insurance Proceeds 2.78% Program Fees 20.15% Interest 0.99% Taxes 38.28% Donations 0.07% Scholarships 0.04% Advertising 0.02% Grants 0.01% Three Year Compairson of Revenues by Source 20,000,000 19,500,000 19,000,000 18,500,000 18,000,000 17,500,000 17,000,000 2007 2008 2009 Year Total proposed revenues for all funds are $18,014,588. This represents an 8.9% decrease from the 2008 budget and an 8.8% decrease over 2007 actual revenues due mainly to the completion of the Wilder Mansion project. See page 62 for an overview of the District s revenue policies. Revenue sources are analyzed utilizing the following factors: past historical trends, economic influences, fluctuations due to changes in rate structures, anticipated growth or decline based on current year s collections and/or actual experience. 1 Includes Property and Corporate Replacement Tax 2009 Elmhurst Park District Budget 85

Taxes 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Taxes (Property and Corporate Replacement) 6,615,043 6,940,333 6,895,943 (44,390) -0.6% Revenue by Source-Taxes 7,000,000 6,900,000 6,800,000 6,700,000 6,600,000 6,500,000 6,400,000 2007 2008 2009 Year The property tax levy is decreasing $76,084 due to an increase in the aggregate extension netted with a decrease in the SRA extension tied to the completion of accessibility improvements for the Wilder Mansion (funds levied from 2005 to 2007) offset by an increase in the Corporate Replacement Tax ($31,694) (see page 92). Overall, tax revenues are expected to decrease by $44,390 (0.6%) as compared to the 2008 budget. Property Tax Revenue The District is now in its 18 th budget year under the property tax cap approved by the Illinois General Assembly (Property Tax Limitation Act). This tax cap limits tax levy increases for non-home rule units of local government to either 5% or the preceding year s Consumer Price Index (CPI), whichever is lower. It has resulted in steadily declining property tax increases since its inception in 1991. This legislation challenges staff to seek alternatives for funding services as costs have continued to rise at a faster rate than the CPI. The 2008 tax levy will be at.2079, which is a decrease of 4.6% for the aggregate extension (excludes Special Recreation Association (SRA) and Bond and Interest levies). Since the tax levy does not exceed the prior year extension by more than 5%, the District is not required to provide notice of and hold a Truth in Taxation hearing. The aggregate extension of.2079 is lower than the 2007 aggregate extension of.2179 based upon an increase in the CPI from 2.5% in 2007 to 4.1% for the 2008 calculation. The total extended tax rate (including SRA and Bond and Interest) is.2716, a decrease from the previous year tax rate of.3045. The increase in the tax levy translates into approximately $310,000 in new tax revenue in all the funds/departments except SRA and Debt Service so it continues to be critical for the District to generate a significant amount of revenue from non-tax sources (60% in proposed 2008 budget 2 ). 2 Excludes Transfers 2009 Elmhurst Park District Budget 86

Overall, the property tax levy is expected to decrease by $59,584 due to the completion of the Wilder Mansion redevelopment (reduction of tax revenue in the SRA Department of $369,000). Tax Levy Formulas: The tax levy is developed by establishing District priorities through the Strategic Plan and the constraints of Illinois statutes (i.e. Property Tax Extension Limitation Act, Article 5 of the Park District Code, which outlines the taxing powers of the District, the authority to fund museums and aquariums in public parks per 70 ILCS, Pars 1290/1 and 1290/2, General Levy Authority as derived from the Illinois Municipal Code in addition to the authority granted under Article 5 of the Park District Code and the Truth in Taxation Act). The formulas and tax computations showing the rates and extensions are illustrated in the chart below. (A) (B) (C) TAX FUND Statutory 2007 Extensions Proposed 2008 Levy 2008 Proposed % Increase/ Decrease (-) 2008 Tax Rate Extended Rate Limit (DuPage & Cook) (A)+(C) Inc./(Decr.) (C)/(A) (B)/EAV (if applicable) 1. General 0.1500 2,796,549 2,861,949 65,400 2.34% 0.1160 2. Recreation 0.0750 984,222 1,101,222 117,000 11.89% 0.0447 3. Museum 0.0700 124,442 212,442 88,000 70.72% 0.0086 4. IMRF None 264,722 264,722 0 0.00% 0.0107 5. FICA None 298,661 337,261 38,600 12.92% 0.0137 6. Liability Insurance None 239,833 239,833 0 0.00% 0.0097 7. Audit 0.0050 42,989 43,489 500 1.16% 0.0018 8. Paving & Lighting 0.0050 65,615 66,115 500 0.76% 0.0027 Aggregate Extension 4,817,032 5,127,032 310,000 6.44% 0.2079 9. SRA 0.0400 905,032 536,032 (369,000) -40.77% 0.0217 10. Bond & Interest None 1,036,262 1,035,678 (584) -0.06% 0.0420 Aggr. Ext + Bond & Int 6,758,326 6,698,742 (59,584) -0.88% 0.2716 The first priority is to maximize (as allowed) the General and Recreation levies based on their flexibility in funding programs, services and general operations. The District s legal limits are.1500 and.0750 respectively. However, due to the limiting rate maximum of.2079, the District is only able to adjust those funds to.1160 and.0447 respectively. Refer to the following page for an overview of how the limiting rate is calculated. The second priority is to adequately provide for the legal obligation levies, which are those levies that are authorized and can only be used for a designated purpose (i.e. IMRF, FICA, Liability and Audit). Staff levied IMRF, Liability and Audit to the levels necessary to ensure that revenues cover expenses in 2009. IMRF and Liability are levied at the same level as the 2007 actual levy. The third priority is to address the Paving & Lighting Department, which funds projects for larger lighting systems and walkways/parking lots. A slight increase is being levied to keep revenues in line with their budgeted expenses for the year. The last tax levies evaluated are Museum and SRA to determine how much, if any, remains to be split between them. The Executive Director determines the actual split and recommendations are brought to the Park Board based upon the operating plans of the two 2009 Elmhurst Park District Budget 87

Departments for the year. The Museum Department levy was increased $88,000 to generate an operating profit for the year, meet its target balance for cash and investments and to fund utility costs for the Wilder Mansion ($50,000). The SRA levy was decreased by $369,000 from the 2007 levy due to the completion of accessibility improvements for the Wilder Mansion in 2008 that were funded through an increase in this levy from 2005 to 2007. Limiting Rate: The limiting rate for calculating the tax levy was developed as a result of the 1991 Property Tax Extension Limitation Act (35 ILCS 200/18-185) described at the beginning of this section. This limiting rate is the maximum extended tax rate that the aggregate extension may increase (5% or the increase in the CPI, whichever is lower). The aggregate extension is the total of the levies excluding SRA and Bond and Interest. The formula for deriving the limiting rate is as follows: prior year levy multiplied by CPI or 5%, whichever is lower, divided by the prior year levy (with any estimated % increase) less a credit for estimated new construction. The law allows for the credit on new construction in order for districts to capture the increase in assessed value not represented in the prior year levy. It is crucial for this credit to occur to capture the maximum allowable increase that the District is entitled to annually. Based on these factors, the maximum 2008 limiting rate for the aggregate extension is.2079. The total extended tax rate (including SRA and Bond and Interest) is.2716. 2008 LIMITING RATE Prior Year Levy Including Cook County CPI % 4,817,032 X 4.1% = 5,014,531 Prior Year EAV + Prior Year New a 9% increase Construction + 15% 0.2079 (DuPage & Cook) (DuPage & Cook) 2,466,211,991-54,713,585 = 2,411,498,406 2009 Elmhurst Park District Budget 88

Impact on the taxpayer: A homeowner with a home valued at $350,000 will pay approximately $31 less in property taxes for District services in fiscal year 2009. Refer to the chart below for an illustration of the comparative property taxes for various size home values based on the home s fair market value, the equalized value and the 2008 fiscal year tax rate. House's Fair Market Value $150,000 $250,000 $350,000 $500,000 $650,000 $800,000 Approximate EPD Taxes: Annual Amount $134 $244 $314 $448 $784 $964 Monthly Amount $11 $19 $26 $37 $65 $80 Daily Amount $0.37 $0.61 $0.86 $1.23 $2.15 $2.64 Formula used to calculate taxes: 2008 Proposed Levy 2007 Actual Levy Fair Market Value $350,000 $350,000 Equalization Factor 33% 33% Equalized Assessed Value(EAV) $115,500 $115,500 $100s of EAV $1,155 $1,155 Park District Tax Rate per Levy 0.2716 0.2987 Approximate Park District Taxes $314 $345 2009 Elmhurst Park District Budget 89

Property Tax Rate and Equalized Assessed Valuation Increases in the tax levy are made based on increases in the equalized assed valuation (EAV). Below is a chart that illustrates EAV growth over the last ten years (change in the value of property in Elmhurst). $2,500,000,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 Equalized Assessed Valuation History $0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 The EAV for the 2008 levy is projected to increase 8.6% (based on the average rate of growth over the past ten years). The overall value of property continues to grow in Elmhurst due to the proactive planning and redevelopment of the community s assets by government agencies including parks and schools. As the value of property rises, so does the EAV of the property, which results in a larger property tax base that taxing bodies can reinvest into the community. The EAV grew 10.6% from 2006 to 2007 and 10.3% from 2005 to 2006. However, as illustrated below, the District s tax rate has steadily decreased since 2004. Historical Tax Rates 0.6000 Rate per $100 of EAV 0.5000 0.4000 0.3000 0.2000 0.1000 0.0000 1987 1991 1995 1999 2003 2007 The District s total extended tax rate increased dramatically in 2002 and dropped in 2004 due to the retirement of the 2002 Refunding General Obligation Bonds for Courts Plus that saved local tax payers over $275,000 in interest payments. Since 2004, the total extended tax rate has decreased.0463 (from.3179 in 2004 to.2716 in 2008). 2009 Elmhurst Park District Budget 90

Share of the tax dollar with other taxing bodies The District s share of the tax bill continues to be under 10%. The illustration below shows the amount of money from a single dollar the District receives versus other taxing bodies such as the City, Library, School District #205, College of DuPage, York and Addison Townships, etc. All Other Taxing Bodies Share of Your Tax Dollars 94 EPD's Share of Your Tax Dollar is 6 The chart below also illustrates in a different format the District s portion (6.29%) of the total York Township tax bill based on the distribution of 2007 property taxes among the different taxing bodies. Distribution of 2007 Property Taxes among the Major Taxing Bodies in York Township 3 City of Elmhurst 5.55% DuPage County 6.33% York Tow nship 1.38% Elmhurs t Park District* 6.29% College of DuPage 3.98% Elmhurst Public Library 5.76% School District #205 70.73% 3 York Township is used to illustrate the distribution of property taxes among the major taxing bodies since the majority of District households are located in this Township. 2009 Elmhurst Park District Budget 91

Collection rate The 2008 projected property tax collections are based on a collection rate of 99.50%. Although this estimate is aggressive, past trend analyses on uncollectible taxes sustains this estimate. The following graph and chart illustrate the District s tax collection history. 8,000,000 6,000,000 4,000,000 2,000,000 0 Tax Collection Experience 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Equalized Taxes Extended Equalized Taxes Collected Taxes Uncollectibles Taxes Percent Year Extended Estimate * Collected Collected 1998 3,736,532 (1,087) 3,737,619 100.23% 1999 3,893,267 1,887 3,891,379 99.95% 2000 4,045,429 5,451 4,039,978 99.87% 2001 4,229,094 25,977 4,203,117 99.39% 2002 6,314,813 10,084 6,304,729 99.84% 2003 4,913,879 57,146 4,856,733 98.84% 2004 5,450,375 3,907 5,446,468 99.93% 2005 5,840,289 5,308 5,834,981 99.91% 2006 6,383,138 4,722 6,378,416 99.93% 2007 6,758,326 N/A N/A N/A Corporate Replacement Tax Corporations doing business in the State of Illinois pay a corporate replacement tax. Replacement taxes are revenues collected by the State of Illinois and paid to local governments to replace money that was lost by local governments when their powers to impose personal property taxes on corporations, partnerships and other business entities were eliminated (in the early 1970 s). The District s portion of the revenue received from this tax is expected to increase $31,694 in 2009 (16%), affecting the General, Recreation and IMRF Funds. The chart below illustrates the amount budgeted in each fund. General Fund IMRF Dept. Recreation Fund Total Corporate Replacement Tax 153,646 61,507 14,169 229,322 Less Projected Loss (2,549) (235) (1,021) (3,804) Total 151,096 13,934 60,486 225,517 2009 Elmhurst Park District Budget 92

Revenue by Source-Taxes For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 10.00. 3001. 00 DuPage County Real Estate Property Tax 2,613,570 2,803,887 2,844,621 10.00. 3002. 00 Cook County Real Estate Property Tax 2,840 2,926 3,017 10.00. 3003. 00 Corporate Replacement Taxes 158,540 129,861 151,097 20.00. 3001. 00 DuPage County Real Estate Property Tax 1,012,758 984,282 1,094,555 20.00. 3002. 00 Cook County Real Estate Property Tax 1,100 1,027 1,161 20.00. 3003. 00 Corporate Replacement Taxes 63,466 51,986 60,486 49.00. 3001. 00 DuPage County Real Estate Property Tax 242,981 262,203 263,119 49.00. 3002. 00 Cook County Real Estate Property Tax 264 274 279 49.00. 3003. 00 Corporate Replacement Taxes 14,621 11,976 13,934 50.00. 3001. 00 DuPage County Real Estate Property Tax 265,441 298,395 335,218 50.00. 3002. 00 Cook County Real Estate Property Tax 289 312 355 51.00. 3001. 00 DuPage County Real Estate Property Tax 220,520 238,105 238,381 51.00. 3002. 00 Cook County Real Estate Property Tax 240 248 253 52.00. 3001. 00 DuPage County Real Estate Property Tax 40,837 41,064 43,226 52.00. 3002. 00 Cook County Real Estate Property Tax 44 43 46 53.00. 3001. 00 DuPage County Real Estate Property Tax 745,276 889,092 532,787 53.00. 3002. 00 Cook County Real Estate Property Tax 810 928 565 55.00. 3001. 00 DuPage County Real Estate Property Tax 124,553 123,733 211,156 55.00. 3002. 00 Cook County Real Estate Property Tax 135 129 224 60.00. 3001. 00 DuPage County Real Estate Property Tax 1,037,260 1,033,803 1,035,678 85.00. 3001. 00 DuPage County Real Estate Property Tax 69,423 65,991 65,715 85.00. 3002. 00 Cook County Real Estate Property Tax 75 68 70 Total Revenues - Taxes 6,615,043 6,940,333 6,895,943 2009 Elmhurst Park District Budget 93

Donations 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Donations 737,119 216,400 11,900 (204,500) -94.5% Revenue by Source-Donations 800,000 600,000 400,000 200,000 0 2007 2008 2009 Year Donation revenue includes funds from the subdivision ordinance, conservatory donations, capital project donations, Abbey senior parties/events, Enterprise Services parties/events, and summer concert sponsorship. In the 2009 budget, donations are projected to decrease from the prior year due to the $200,000 City of Elmhurst donation received in 2008 for the Wilder Mansion renovation along with the Elmhurst Rotary s final payment of $5,000 (for five years) for The Hub playground. The decrease of donations from 2007 to 2008 reflects the one-time donation from Elmhurst College in 2007 to install and jointly use the second synthetic turf field at Berens Park. 2009 Elmhurst Park District Budget 94

Revenue by Source-Donations For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 10.00. 3020. 00 Donations-Unrestricted 7,630 4,000 4,000 10.00. 3021. 00 Donations-Restricted 22,630 0 0 20.00. 3020. 00 Donations-Unrestricted 1,943 0 0 20.00. 3021. 00 Donations-Restricted 8,165 2,800 4,800 41.00. 3021. 00 Donations-Restricted 1,000 4,000 2,500 49.00. 3020. 00 Donations-Unrestricted 499 0 0 50.00. 3020. 00 Donations-Unrestricted 554 0 0 51.00. 3020. 00 Donations-Unrestricted 442 0 0 52.00. 3020. 00 Donations-Unrestricted 82 0 0 53.00. 3020. 00 Donations-Unrestricted 1,266 0 0 55.00. 3020. 00 Donations-Unrestricted 788 600 600 55.00. 3021. 00 Donations-Restricted 240 0 0 83.00. 3020. 00 Donations-Unrestricted 28,800 0 0 83.00. 3021. 00 Donations-Restricted 662,938 205,000 0 85.00. 3020. 00 Donations-Unrestricted 142 0 0 Total Revenues - Donations 737,119 216,400 11,900 2009 Elmhurst Park District Budget 95

Grants 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Grants 12,337 11,100 1,100 (10,000) -90.1% Revenue by Source-Grants 15,000 10,000 5,000 0 2007 2008 2009 Year This revenue source includes grants budgeted to be received in 2009 including senior programs and the reimbursement from Elmhurst College of a portion for marketing intern wages. In the 2009 budget, staff eliminated the City of Elmhurst s grant for printing and distributing the E-town teen newsletter (decrease of $10,000). The City s Youth Commission plans on developing more effective forums for communicating with teens such as electronic media and plans on offering more teen related programs. Revenue by Source-Grants For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 10.00. 3030. 00 Grants-Capital 0 0 0 10.00. 3031. 00 Grants-Operating 11,168 10,000 0 20.00. 3031. 00 Grants-Operating 1,169 1,100 1,100 Total Revenues - Grants 12,337 11,100 1,100 2009 Elmhurst Park District Budget 96

Advertising 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Advertising 1,400 1,650 3,150 1,500 90.9% Revenue by Source-Advertising 4,000 3,000 2,000 1,000 0 2007 2008 2009 Year Advertising revenue comes from the sale of advertisements in the quarterly program brochure and Courts Plus newsletter. In 2009, advertising revenue is projected to increase $1,500 from Wilder Mansion wedding advertisements sales for related businesses (i.e. photographers, caters). Revenue by Source-Advertising For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 20.00. 3040. 00 Advertising 1,400 1,400 1,400 41.00. 3021. 00 Advertising 0 250 1,750 Total Revenues - Advertising 1,400 1,650 3,,150 2009 Elmhurst Park District Budget 97

Scholarships 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Scholarships 10,992 8,000 7,000 (1,000) -12.5% Revenue by Source-Scholarships 12,000 10,000 8,000 6,000 4,000 2,000 0 2007 2008 2009 Year Scholarships include funds raised for the recreation financial assistance program. For 2009, staff expects $1,000 less in scholarship revenue as compared to 2008. Revenue by Source-Scholarships For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 20.00. 3060. 00 Scholarships 10,992 8,000 7,000 Total Revenues - Scholarships 10,992 8,000 7,000 2009 Elmhurst Park District Budget 98

Program Fees 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Program Fees 3,479,068 3,383,120 3,629,993 246,873 7.3% Revenue by Source-Program Fees 3,700,000 3,600,000 3,500,000 3,400,000 3,300,000 3,200,000 2007 2008 2009 Year Program fees are the revenue associated with collecting funds for participation in District programs such as camps, personal training, lessons, leagues, tournaments, massages, and racquet sports. Fees are determined by studying trends, weather impact, customer desires, facility availability, market comparison, value, and the cost of providing the service. The District s programs continue to grow as evidenced by the growth in registrations for programs, resulting in additional program revenue. Overall, in the 2009 proposed budget, program fee revenue is projected to increase 7.3% ($246,873). Recreation: Program revenues are increasing by $143,000 due to both increases in program fees and participation numbers. Specifically, program revenues are increasing in the areas of sports and fitness ($32,000) due primarily to increased participation, summer camps ($6,700) due to the addition of new summer preschool camps, early childhood ($74,746) due to increased registrations and fees for the Recreation Station program, and trips ($10,901) due to the rising cost of travel programs. Revenue from swim lessons increased $11,000 to reflect a pattern of increased registration over the past two years. Courts Plus: For Courts Plus programs, program fee revenue is increasing for Indoor Tennis programs ($19,760) due to the expansion of Mighty Mites program and introduction of Quick Start. Personal Training revenue is increasing ($41,565) to expand the Industrial Athlete Program. The program incorporates the use of Courts Plus and personal trainers to help businesses prepare employees for the physical aspects of their jobs. Sugar Creek Golf Course: The Golf Course budgeted an increase of $15,000 for instructional programs due to continued growth in youth programs and adult classes and clinics. 2009 Elmhurst Park District Budget 99

Revenue by Source-Program Fees For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 10.00. 3990. 00 Miscellaneous Revenues 14 0 0 51.00. 3990. 00 Miscellaneous Revenues 3,102 0 0 20.00. 3200. 02 Sports & Fitness 503,190 508,312 540,967 20.00. 3200. 03 Visual & Performing Arts 158,808 184,261 190,664 20.00. 3200. 04 General Interest, Trips & Special Events 59,572 78,014 75,163 20.00. 3200. 05 Summer Camps 173,369 196,902 203,619 20.00. 3200. 06 Early Childhood 1,176,405 1,205,731 1,280,477 20.00. 3200. 07 Swimming Pools 79,129 71,615 82,404 20.00. 3200. 08 Trips 79,739 79,924 90,825 20.00. 3200. 09 Seniors 22,644 20,925 24,278 20.00. 3990. 00 Miscellaneous Revenues 3,801 2,925 3,885 55.00. 3200. 03 Visual & Performing Arts 45,040 37,236 40,378 55.00. 3200. 04 General Interest, Trips & Special Events 733 1,808 1,808 55.00. 3200. 05 Summer Camps 24,911 26,598 30,033 55.00. 3200. 06 Early Childhood 21,489 22,067 22,067 41.00. 3140. 11 Administrative Services 62,873 74,298 79,158 41.00. 3200. 13 Racquet Sports 455,522 397,485 419,575 41.00. 3200. 14 Fitness Services 380,507 448,319 502,992 41.00. 3990. 00 Miscellaneous Revenues 449 100 100 80.00. 3200. 18 Golf Course Services 19,954 26,000 41,000 80.00. 3990. 00 Miscellaneous Revenues 1,653 100 100 83.00. 3990. 00 Miscellaneous Revenues 206,164 500 500 Total Revenues - Program Fees 3,479,068 3,383,120 3,629,993 2009 Elmhurst Park District Budget 100

Rentals 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Rentals 600,995 684,361 1,140,002 455,641 66.6% Revenue by Source-Rentals/Lease 1,500,000 1,000,000 500,000 0 2007 2008 2009 Year Rentals include equipment (i.e. lockers, racquets), indoor facility rentals/leases (i.e. rooms, climbing wall, Elmhurst Memorial Healthcare at Courts Plus, The Hub, and golf course) and outdoor facility rentals (i.e. athletic fields, picnics, outdoor pools, and weddings). Revenue for this source is projected based on trends, weather impact, customer desires, facility availability, and cost to provide the service. Rental revenue is projected to increase 66.6% ($455,641) as compared to the 2008 budget. In the General Fund, indoor facility rentals are decreasing by $12,000 as a result of the elimination of the lease for 601 S. York due to its demolition as per the Intergovernmental Agreement with the City of Elmhurst offset by the one-time lease payment of $400,000 as per the same agreement in exchange for the use of park property for a new fire station in York Commons. In the Enterprise Fund, forty special events are budgeted for 2009 at the Wilder Mansion with projected revenue of $54,500. The projection is based on twenty weekend and twenty weekday events. 2009 Elmhurst Park District Budget 101

Revenue by Source-Rentals For Budget Year 2008 2006 2007 2008 Proposed Account Number Account Title Actual Budget Budget 10.00. 3340. 00 Athletic Field Lights 100,096 94,588 103,095 10.00. 3340. 00 Indoor Facility Rental 12,740 12,500 500 10.00. 3340. 00 Outdoor Facility Revenues 11,865 14,200 16,995 20.00. 3300. 00 Equipment Rentals 89 163 135 20.00. 3341. 00 Indoor Facility Rental 50 0 0 20.00. 3342. 00 Outdoor Facility Revenues 6,930 7,520 5,850 41.00. 3300. 11 Administrative Services 10,071 10,500 9,360 41.00. 3300. 13 Racquet Sports 1,886 1,932 1,932 41.00. 3341. 11 Administrative Services 126,103 141,652 145,658 41.00. 3341. 13 Racquet Sports 131,227 158,746 167,485 41.00. 3341. 14 Fitness Services 5,970 11,182 11,182 41.00. 3341. 17 Indoor Facility Rental-Business Ventures 59,760 70,600 112,600 41.00. 3342. 17 Outdoor Facility Revenues 21,452 26,250 28,750 80.00. 3300. 18 Golf Course Services 83,969 104,228 106,160 80.00. 3341. 00 Indoor Facility Rental 23,587 25,500 25,500 80.00. 3341. 18 Golf Course Services 5,200 4,800 4,800 83.00. 3990. 00 Lease Agreements 0 0 400,000 Total Revenues - Rentals 600,995 684,361 1,140,002 2009 Elmhurst Park District Budget 102

Passes, Memberships, and Daily Uses 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Passes, Memberships, Daily Uses 3,650,800 4,139,561 4,266,401 126,840 3.1% Revenue by Source-Passes, Memberships, Daily Uses 4,400,000 4,200,000 4,000,000 3,800,000 3,600,000 3,400,000 3,200,000 2007 2008 2009 Year Passes, memberships, and daily uses include daily use fees (i.e. pools, Courts Plus, golf course), punch card fees (i.e. pools), initiation fees, monthly dues, season passes (i.e. pools, golf course resident cards), and permanent tee times. This revenue source is studied for trends, weather impact, customer desires, facility availability, market conditions, value, and the cost of providing the service. In the proposed 2009 budget, this source is increasing 3.1% ($126,840) over the 2008 budget. Pool pass revenues in the Recreation Fund are budgeted to reflect an increase of $5,200 and daily use fees of $6,450 based on actual experience from the past two years. Sugar Creek Golf Course daily use fees or greens fees are projected to increase approximately $12,600 with a $1 increase in the non-resident rate. Also, driving range revenue derived from token and pass sales will increase $10,000 with a.50-cent rate increase in token price for range balls. Membership revenues in the Enterprise Services Fund are increasing $76,067 due to bi-annual increase in dues rates plus implementing new strategies for the recruitment and retention of members. Monthly membership rates will increase between $1.25 for resident senior individuals to $4.00 for non-resident couples. The average membership increase is $2.55 per membership. 2009 Elmhurst Park District Budget 103

Revenue by Source-Passes, Memberships, Daily Uses For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 20.00. 3430. 00 Daily Use Fees 72,706 54,350 60,800 20.00. 3431. 00 Punch Card Fees 14,854 15,120 15,400 20.00. 3453. 00 Season Passes 270,974 266,524 271,724 20.00. 3460. 00 Group Admissions 3,408 3,200 3,200 53.00. 3430. 00 Punch Card Fees 1,565 1,500 1,500 41.00. 3430. 00 Daily Use Fees 30,857 33,600 34,800 41.00. 3430. 17 Project Development Business Ventures 61,198 61,500 59,000 41.00. 3451. 00 Initiation Fees 130,947 140,000 150,000 41.00. 3452. 00 Monthly Dues 2,426,298 2,820,708 2,896,775 80.00. 3430. 00 Daily Use Fees 526,659 610,309 622,952 80.00. 3430. 18 Golf Course Services 67,404 80,250 90,250 80.00. 3431. 00 Punch Card Fees 17,150 24,000 30,000 80.00. 3453. 00 Season Passes 11,504 13,500 15,000 80.00. 3454. 00 Permanent Tee Times 15,276 15,000 15,000 Total Revenues - Passes, Memberships, Daily Uses 3,650,800 4,139,561 4,266,401 2009 Elmhurst Park District Budget 104

Merchandise Sales 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Merchandise Sales 596,799 494,662 483,150 (11,512) -2.3% Revenue by Source-Merchandise Sales 800,000 600,000 400,000 200,000 0 2007 2008 2009 Year Merchandise sales revenue includes the sale of engraved bricks, tree memorials, concessions, vending, pro shop sales, and racquet stringing. This revenue source is evaluated based on trends, customer desires, market conditions, and value. Net merchandise sales are projected to decrease by 2.3% ($11,512) in 2009 due to a $6,000 reduction in pro-shop inventory based on 2008 actual sales at the Golf Course and a $12,000 reduction in enterprise services facility sales (i.e. concessions, batting cage tokens, etc.) to adjust for 2008 actual sales. Revenue by Source-Merchandise Sales For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 10.00. 3510. 00 Tree Memorials 5,874 7,000 7,000 10.00. 3600. 60 Program Revenue-Projects 3,785 3,900 3,900 41.00. 3600. 13 Racquet Sports 23,148 22,650 22,650 41.00. 3600. 17 Project Development Business Ventures 179,283 183,112 171,100 41.00. 3610. 00 Commissions 33,834 32,000 38,500 80.00. 3600. 18 Golf Course Services 350,875 246,000 240,000 Total Revenues - Merchandise Sales 596,799 494,662 483,150 2009 Elmhurst Park District Budget 105

Transfers 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Transfers 2,336,770 3,122,224 897,949 (2,224,275) -71.2% Revenue by Source-Transfers 4,000,000 3,000,000 2,000,000 1,000,000 0 2007 2008 2009 Year This revenue source includes the transfer of funds from one fund to another fund. The 2009 budget reflects a significant decrease in the transfer of funds ($2,224,275) due to the completion of the Wilder Mansion redevelopment in 2008, which was funded mainly through the transfer of cash and investments from operating funds to the Capital Improvement Fund ($2.197 million). An overview of 2009 transfers is on page 82. Transfer revenue includes: $50,340 to the Recreation Fund for the payment of Debt (which legally must be transferred from the Enterprise Services Fund to the Recreation Fund and then transferred to the Debt Service Fund for the 1998 Alternative General Obligation Bonds); $12,800 of pool pass revenue to the Enterprise Services Fund from the Recreation Fund for pass holders use of the sprayground for no fee $241,038 to the Debt Service Fund for the payment of debt (including fees); and $593,771 to Capital Improvement Fund from debt proceeds transferred from the Debt Service Fund and cash and investments and income from the General, Recreation and Enterprise Services Funds. 2009 Elmhurst Park District Budget 106

Revenue by Source-Transfers For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 20.00. 3900. 00 Operating Interfund Transfers 48,630 46,985 50,340 41.00. 3900. 00 Operating Interfund Transfers 12,842 11,500 12,800 60.00. 3900. 00 Operating Interfund Transfers 160,954 238,489 241,038 83.00. 3900. 00 Operating Interfund Transfers 2,114,344 2,825,250 593,771 Total Revenues - Transfers 2,336,770 3,122,224 897,949 2009 Elmhurst Park District Budget 107

Bond/Insurance Proceeds 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Bond/Insurance Proceeds 922,062 500,000 500,000 0 0.0% Revenue by Source-Bond/Insurance Proceeds 1,000,000 800,000 600,000 400,000 200,000 0 2007 2008 2009 Year Bond proceed revenue includes the amount received from the sale of bonds in that budget year. Staff budgeted $500,000 for the annual rollover G.O. bond for the payment of debt and various capital projects. The 2007 Actual figures reflect the receipt of insurance claim proceeds ($376,296) for fire damage at Courts Plus and storm damage at various parks and Courts Plus. Revenue by Source - Bond/Insurance Proceeds For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 10 00. 3990. 00 Insurance Proceeds 16,294 0 0 41.00. 3990. 00 Insurance Proceeds 360,002 0 0 60.00. 3920. 00 Bond Proceeds 500,000 500,000 500,000 83.00. 3920. 00 Bond Proceeds 45,766 0 0 Total Revenues - Bond/Insurance Proceeds 922,062 500,000 500,000 2009 Elmhurst Park District Budget 108

Interest 2007 2008 2009 2009 vs. % Change Actual Budget Budget 2008 09 vs. 08 Interest 791,910 280,000 178,000 (102,000) -36.4% Revenue by Source-Interest 1,000,000 800,000 600,000 400,000 200,000 0 2007 2008 2009 Year Interest is revenue earned from the interest on investments. Staff budgeted a decrease of $102,000 (36.4%) in the 2009 proposed budget due to a combination of anticipated lower interest rates due to current market conditions (budgeted at 1.5%) and less cash and investments dollars being available for investing as the District has utilized funds for capital projects. The decline in interest rate revenue impacts all Funds and Departments where interest revenue is earned except the Capital Improvement Fund (interest revenue is increasing by $2,000 due to the amount of reserves available for investing in 2009). 2009 Elmhurst Park District Budget 109

Revenue by Source - Interest For Budget Year 2009 2007 2008 2009 Proposed Account Number Account Title Actual Budget Budget 10.00. 3960. 00 Interest Income 80,598 40,000 32,000 49.00. 3960. 00 Interest Income 2,371 0 0 50.00. 3960. 00 Interest Income 8,019 6,000 2,000 51.00. 3960. 00 Interest Income 2,266 0 0 52.00. 3960. 00 Interest Income 848 0 0 20.00. 3960. 00 Interest Income 84,901 48,000 32,000 53.00. 3960. 00 Interest Income 9,103 0 8,000 55.00. 3960. 00 Interest Income 11,139 6,000 3,000 41.00. 3960. 00 Interest Income 269,054 148,000 85,000 80.00. 3960. 00 Interest Income 5,382 2,000 0 60.00. 3960. 00 Interest Income 33,091 3,000 3,000 42.00. 3960. 00 Interest Income 83,710 21,000 5,000 83.00. 3960. 00 Interest Income 198,293 4,000 6,000 85.00. 3960. 00 Interest Income 3,135 2,000 2,000 Total Revenues - Interest 791,910 280,000 178,000 2009 Elmhurst Park District Budget 110