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City Council Packet 2016 10-11-16 AGENDA CITY COUNCIL MEETING Tuesday, October 11, 2016 7:00 p.m. City Hall Council Chambers 800 Game Farm Road, Yorkville, IL Call to Order: Pledge of Allegiance: Roll Call by Clerk: WARD I WARD II WARD III WARD IV Carlo Colosimo Jackie Milschewski Chris Funkhouser Diane Teeling Ken Koch Larry Kot Joel Frieders Seaver Tarulis Establishment of Quorum: Amendments to Agenda: Presentations: 1. FY 2016 Audit Presentation Public Hearings: Citizen Comments on Agenda Items: Consent Agenda: 1. ADM 2016-59 Annual Treasurer’s Report 2. EDC 2016-53 Resolution to Induce the Redevelopment of Certain Property Within the Yorkville Downtown Tax Increment Redevelopment Project Area (202 - 206 S. Bridge Street) – authorize the Mayor and City Clerk to execute Minutes for Approval: 1. Minutes of the Regular City Council – September 13, 2016 2. Minutes of the Regular City Council – September 27, 2016 Bills for Payment (Informational): $715,842.64 Mayor’s Report: 1. CC 2016-56 Ordinance Authorizing and Providing for the Issuance of General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016 for the Purpose of Refunding Certain of the City’s Outstanding Debt Certificates and Alternate Revenue Bonds, Authorizing the Execution of an Escrow Agreement in Connection Therewith, Providing for the Imposition of Taxes to Pay the Same and for the Collection, Segregation and Distribution of Certain City Revenues for the Payment of said Bonds, and the Abatement of a Portion of Taxes Previously Levied 2. CC 2016-57 Building Permit Fee Waiver United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Telephone: 630-553-4350 www.yorkville.il.us City Council Agenda October 11, 2016 Page 2 Public Works Committee Report: Economic Development Committee Report: 1. EDC 2016-47 Ordinance Authorizing a Jurisdictional Boundary Line Agreement between the United City of Yorkville and the Village of Sugar Grove Public Safety Committee Report: Administration Committee Report: 1. ADM 2016-61 Resolution Approving an Intergovernmental Agreement between the Village of Oswego and the United City of Yorkville Regarding Joint Employment of a Purchasing Manager 2. ADM 2016-51 Memorandum of Agreement between the United City of Yorkville and the U.S. Census Bureau for a Special Census Park Board: Planning and Zoning Commission: City Council Report: City Clerk’s Report: Community and Liaison Report: Staff Report: Additional Business: Executive Session: 1. For the discussion of minutes lawfully closed under the Open Meetings Act, whether for purposes of approval by the body of the minutes or semi-annual review of the minutes. Citizen Comments: Adjournment: COMMITTEES, MEMBERS AND RESPONSIBILITIES ADMINISTRATION: October 19, 2016 – 6:00 p.m. – City Hall Conference Room Committee Departments Liaisons Chairman: Alderman Milschewski Finance Library Vice-Chairman: Alderman Frieders Administration Committee: Alderman Teeling Committee: Alderman Tarulis ECONOMIC DEVELOPMENT: November 1, 2016 – 6:00 p.m. – City Hall Conference Room Committee Departments Liaisons Chairman: Alderman Koch Community Development Plan Commission Vice-Chairman: Alderman Teeling Building Safety and Zoning Yorkville Econ. Dev. Corp. Committee: Alderman Colosimo Kendall Co. Plan Commission Committee: Alderman Funkhouser City Council Agenda October 11, 2016 Page 3 COMMITTEES, MEMBERS AND RESPONSIBILITIES cont’d: PUBLIC SAFETY: TBD 2017 – 6:30 p.m. – City Hall Conference Room Committee Departments Liaisons Chairman: Alderman Kot Police School District Vice-Chairman: Alderman Frieders Committee: Alderman Colosimo Committee: Alderman Tarulis PUBLIC WORKS: October 18, 2016 – 6:00 p.m. – City Hall Conference Room Committee Departments Liaisons Chairman: Alderman Funkhouser Public Works Park Board Vice-Chairman: Alderman Milschewski Engineering YBSD Committee: Alderman Kot Parks and Recreation Committee: Alderman Koch UNITED CITY OF YORKVILLE WORKSHEET CITY COUNCIL Tuesday, October 11, 2016 7:00 PM CITY COUNCIL CHAMBERS ---------------------------------------------------------------------------------------------------------------------------------------- AMENDMENTS TO AGENDA: ---------------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------- PRESENTATIONS: ----------------------------------------------------------------------------------------------------------------------------------------- 1. FY 2016 Audit Presentation ----------------------------------------------------------------------------------------------------------------------------------------- CITIZEN COMMENTS ON AGENDA ITEMS: ----------------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------- CONSENT AGENDA: ----------------------------------------------------------------------------------------------------------------------------------------- 1. ADM 2016-59 Annual Treasurer’s Report □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- 2. EDC 2016-53 Resolution to Induce the Redevelopment of Certain Property Within the Yorkville Downtown Tax Increment Redevelopment Project Area (202-206 S. Bridge Street) □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- MINUTES FOR APPROVAL: ----------------------------------------------------------------------------------------------------------------------------------------- 1. Minutes of the City Council – September 13, 2016 □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- 2. Minutes of the City Council – September 27, 2016 □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- BILLS FOR PAYMENT: ----------------------------------------------------------------------------------------------------------------------------------------- 1. Bills for Payment (Informational) □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- MAYOR’S REPORT: ----------------------------------------------------------------------------------------------------------------------------------------- 1. CC 2016-56 Ordinance Authorizing and Providing for the Issuance of General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016 □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- 2. CC 2016-57 Building Permit Fee Waiver □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- ECONOMIC DEVELOPMENT COMMITTEE REPORT: ----------------------------------------------------------------------------------------------------------------------------------------- 1. EDC 2016-47 Ordinance Authorizing a Jurisdictional Boundary Line Agreement between the United City of Yorkville and the Village of Sugar Grove □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- ADMINISTRATION COMMITTEE: ----------------------------------------------------------------------------------------------------------------------------------------- 1. ADM 2016-61 Resolution Approving an Intergovernmental Agreement between the Village of Oswego and the United City of Yorkville Regarding Joint Employment of a Purchasing Manager □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- 2. ADM 2016-51 Memorandum of Agreement between the United City of Yorkville and the U.S. Census Bureau for a Special Census □ Approved: Y ______ N ______ □ Subject to __________________________________________ □ Removed ________________________________________________________________________ □ Notes _____________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ ----------------------------------------------------------------------------------------------------------------------------------------- ADDITIONAL BUSINESS: ----------------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------- CITIZEN COMMENTS: ----------------------------------------------------------------------------------------------------------------------------------------- Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number Presentation #1 Tracking Number Audit Presentation for the Fiscal Year Ended April 30, 2016 City Council – October 11, 2016 Presentation will be given at meeting. Rob Fredrickson Finance Name Department Comprehensive Annual Financial Report Fiscal Year Ended April 30, 2016 UNITED CITY OF YORKVILLE 800 Game Farm Road Yorkville, IL 60560 (630)553-4350 www.yorkville.il.us UNITED CITY OF YORKVILLE, ILLINOIS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED APRIL 30, 2016 Prepared by: Rob Fredrickson Director of Finance UNITED CITY OF YORKVILLE, ILLINOIS TABLE OF CONTENTS PAGE INTRODUCTORY SECTION List of Principal Officials............................................................................................................................. i Organization Chart ...................................................................................................................................... ii Transmittal Letter...............................................................................................................................iii - viii Certificate of Achievement for Excellence in Financial Reporting ........................................................... ix FINANCIAL SECTION INDEPENDENT AUDITORS' REPORT ......................................................................................... 1 - 2 MANAGEMENT’S DISCUSSION AND ANALYSIS ...................................................... MD&A 1 - 12 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements Statement of Net Position .......................................................................................................... 3 - 4 Statement of Activities ............................................................................................................... 5 - 6 Fund Financial Statements Balance Sheet – Governmental Funds ....................................................................................... 7 - 8 Reconciliation of Total Governmental Fund Balance to Net Position of Governmental Activities ...................................................................................9 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ............................................................................ 10 - 11 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ...................................12 Statement of Net Position – Proprietary Funds...................................................................... 13 - 14 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds .............................................................................................15 Statement of Cash Flows – Proprietary Funds ...............................................................................16 Statement of Fiduciary Net Position ..............................................................................................17 Statement of Changes in Fiduciary Net Position ...........................................................................18 Notes to the Financial Statements ................................................................................................ 19 - 63 UNITED CITY OF YORKVILLE, ILLINOIS TABLE OF CONTENTS PAGE FINANCIAL SECTION – Continued REQUIRED SUPPLEMENTARY INFORMATION Schedule of Employer Contributions Illinois Municipal Retirement Fund ...............................................................................................64 Police Pension Fund .......................................................................................................................65 Schedule of Changes in the Employer’s Net Pension Liability Illinois Municipal Retirement Fund ...............................................................................................66 Police Pension Fund .......................................................................................................................67 Schedule of Investment Returns Police Pension Fund .......................................................................................................................68 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual General Fund ..................................................................................................................................69 Library – Special Revenue Fund....................................................................................................70 Parks and Recreation – Special Revenue Fund ..............................................................................71 COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES Schedules of Revenues – Budget and Actual – General Fund..................................................... 72 - 73 Schedule of Expenditures – Budget and Actual – General Fund.........................................................74 Schedule of Detailed Expenditures – Budget and Actual – General Fund .................................. 75 - 80 Schedules of Revenues – Budget and Actual – Library – Special Revenue Fund ..............................81 Schedule of Expenditures – Budget and Actual – Library – Special Revenue Fund .................. 82 - 83 Schedules of Revenues – Budget and Actual – Parks and Recreation – Special Revenue Fund ........84 Schedules of Expenditures – Budget and Actual Parks and Recreation – Special Revenue Fund ...................................................................... 85 - 86 Schedules of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Citywide Capital – Capital Projects Fund ......................................................................................87 Schedule of Expenditures – Budget and Actual – Citywide Capital – Capital Projects Fund.............88 Combining Balance Sheet – Nonmajor Governmental ........................................................................89 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental .................................................................90 Combining Balance Sheet – Nonmajor Governmental – Special Revenue Funds ...................... 91 - 92 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental – Special Revenue Funds ............... 93 - 94 UNITED CITY OF YORKVILLE, ILLINOIS TABLE OF CONTENTS PAGE FINANCIAL SECTION – Continued COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES – Continued Schedules of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Fox Hill Special Service Area – Special Revenue Fund................................................................95 Sunflower Special Service Area – Special Revenue Fund ............................................................96 Motor Fuel Tax – Special Revenue Fund ......................................................................................97 Land Cash – Special Revenue Fund ..............................................................................................98 Countryside TIF – Special Revenue Fund .....................................................................................99 Downtown TIF – Special Revenue Fund .....................................................................................100 Debt Service Fund........................................................................................................................101 Schedules of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Vehicle and Equipment – Capital Projects Fund .........................................................................102 Schedule of Expenditures – Budget and Actual Vehicle and Equipment – Capital Projects Fund .........................................................................103 Schedule of Expenses and Changes in Net Position – Budget and Actual Sewer – Enterprise Fund ..............................................................................................................104 Water – Enterprise Fund ..............................................................................................................105 Combining Statement of Changes in Assets and Liabilities – Agency Funds ......................... 106 - 107 SUPPLEMENTAL SCHEDULES Long–Term Debt Requirements Betzwiser Development, LLC Adjustable Rate Note Payable of 2008 .............................................108 Kendall County River Road Bridge Loan Payable of 2013 ...............................................................109 IEPA (L17-115300) Loan Payable of 2000 .......................................................................................110 IEPA (L17-1156300) Loan Payable of 2007 .....................................................................................111 General Obligation Alternate Revenue Source Bonds of 2004B.......................................................112 General Obligation Library Bonds of 2006 .......................................................................................113 General Obligation Refunding Alternate Revenue Source Bonds of 2007A ....................................114 General Obligation Refunding Alternate Revenue Source Bonds of 2011 .......................................115 General Obligation Library Refunding Bonds of 2013 .....................................................................116 General Obligation Refunding Alternate Revenue Source Bonds of 2014 .......................................117 General Obligation Refunding Alternate Revenue Source Bonds of 2014A ....................................118 General Obligation Refunding Alternate Revenue Source Bonds of 2014B .....................................119 General Obligation Refunding Alternate Revenue Source Bonds of 2014C .....................................120 General Obligation Refunding Alternate Revenue Source Bonds of 2015A ....................................121 Illinois Rural Bond Bank Debt Certificates of 2003 ..........................................................................122 Debt Certificates of 2003 ...................................................................................................................123 Refunding Debt Certificates of 2006A ..............................................................................................124 UNITED CITY OF YORKVILLE, ILLINOIS TABLE OF CONTENTS PAGE STATISTICAL SECTION (Unaudited) Net Position by Component – Last Ten Fiscal Years .................................................................... 125 - 126 Changes in Net Position – Last Ten Fiscal Years .......................................................................... 127 - 128 Fund Balances of Governmental Funds – Last Ten Fiscal Years .................................................. 129 - 130 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years ............................... 131 - 132 Assessed Value and Actual Value of Taxable Property – Last Ten Fiscal Years ......................... 133 - 134 Principal Property Taxpayers – Current Tax Levy Year and Nine Tax Levy Years Ago .......................135 Direct and Overlapping Property Tax Rates – Last Ten Tax Levy Years ..................................... 136 - 137 Property Tax Levies and Collections – Last Ten Fiscal Years ................................................................138 Estimate of Taxable Sales by Category – Last Ten Calendar Years ............................................. 139 - 140 Direct and Overlapping Sales Tax Rates – Last Ten Fiscal Years ..........................................................141 Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ...................................................... 142 - 143 Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years ....................................................144 Schedule of Direct and Overlapping Governmental Activities Debt .......................................................145 Schedule of Legal Debt Margin – Last Ten Fiscal Years .............................................................. 146 - 147 Pledged-Revenue Coverage Governmental Activities– Last Ten Fiscal Years ......................................148 Pledged-Revenue Coverage Business-Type Activities – Last Ten Fiscal Years .....................................149 Demographic and Economic Statistics – Last Ten Calendar Years .......................................................150 Principal Employers – Current Calendar Year and Nine Calendar Years Ago .......................................151 Full-Time and Part-Time Government Employees by Function Last Ten Fiscal Years............................................................................................................... 152 - 153 Operating Indicators by Function/Program – Last Ten Fiscal Years ............................................ 154 - 155 Capital Asset Statistics by Function/Program – Last Ten Fiscal Years ......................................... 156 - 157 New Permits and Construction Values – Last Ten Fiscal Years .............................................................158 . INTRODUCTORY SECTION This section includes miscellaneous data regarding the City including: List of Principal Officials, Organization Chart, Transmittal Letter and the Certificate of Achievement for Excellence in Financial Reporting. UNITED CITY OF YORKVILLE, ILLINOIS Principal Officials Fiscal Year Ended April 30, 2016 i EXECUTIVE Mayor: Gary J. Golinski City Clerk: Beth Warren LEGISLATIVE Ward 1: Carlo Colosimo, Alderman Ward 1: Ken Koch, Alderman Ward 2: Jackie Milschewski, Alderman Ward 2: Larry Kot, Alderman Ward 3: Joel Frieders, Alderman Ward 3: Chris Funkhouser, Alderman Ward 4: Rose Spears, Alderman Ward 4: Diane Teeling, Alderman ADMINISTRATIVE City Administrator: Bart Olson Director of Finance/Deputy Treasurer: Rob Fredrickson Director of Public Works: Eric Dhuse Chief of Police: Rich Hart Director of Community Development: Krysti Barksdale-Noble Director of Parks & Recreation: Tim Evans Library Director: Michelle Pfister ii Deputy Clerk Citizens of Yorkville Mayor and City Council City Clerk Library Employees Administration Finance Public Works Community Development Parks and Recreation Deputy Treasurer City Treasurer Sewer Water Parks Recreation Planning Building Safety Police Chief City Administrator Library Director City Attorney Boards & Commissions Police Department Streets United City of Yorkville Organizational Chart iii United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Telephone: (630) 553-4350 www.yorkville.il.us August 22, 2016 To The Honorable Gary J. Golinski, Mayor Members of the City Council Citizens of Yorkville, Illinois The Comprehensive Annual Financial Report (CAFR) of the United City of Yorkville, Illinois, for the Fiscal Year ended April 30, 2016, is hereby submitted. The submittal of this report complies with Illinois state law which requires that the City issue a report on its financial position and activity presented in conformance with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards (GAAS) by an independent firm of licensed certified public accountants. This report consists of management’s representations concerning the finances of the City. Consequently, responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with management. We believe the data, as presented, is accurate in all material respects; and is presented in a manner designed to fairly set forth the financial position of the United City of Yorkville. The results of operations as measured by the financial activity of its various funds; and all disclosures necessary to enable the reader to gain a reasonable understanding of the City's financial affairs have been included. The City’s financial statements have been audited by Lauterbach & Amen 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 United City of Yorkville for the fiscal year ended April 30, 2016, are free of material misstatements. The independent audit involves examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluation of the overall financial statement presentation. The independent auditors concluded, based upon their audit procedures, that there was a reasonable basis for rendering an unmodified (“clean”) opinion that the City’s financial statements for the fiscal year ended April 30, 2016, are fairly presented in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report. This report includes all funds of the City (primary government), as well as its component unit, the Yorkville Public Library (blended). Component units are autonomous entities for which the primary government is financially accountable. Generally accepted accounting principles require 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 transmittal letter 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. iv Profile of the United City of Yorkville Yorkville was first settled in 1833 and has been the county seat of Kendall County since 1859. The Village of Yorkville was incorporated in 1874, with a population of approximately 500 people. At that time the Village of Yorkville only encompassed land on the south side of the Fox River; another village, called Bristol, was located directly across from Yorkville on the north side of the river. In 1957 the two villages merged, via referendum, to form the United City of Yorkville. The City, a non-home rule community as defined by the Illinois Constitution, covers approximately 22 square miles with a 2010 census population of 16,921 residents. The City is located in central Kendall County, about 45 miles southwest of Chicago, Illinois. The City is primarily residential and commercial in nature, with housing stock consisting of approximately 6,500 single family (includes townhomes, condominiums and duplexes) dwelling units. The City operates under a Mayor/Council form of government, as defined in Illinois State Statutes. The legislative authority of the City is vested in an eight-member council, each elected from their respective wards to overlapping four year terms. The Mayor, City Treasurer and City Clerk are elected at large. The Mayor appoints, with Council consent, a City Administrator to manage the day-to-day operations of the City. The City provides a full range of municipal services with 74 full-time, and 86 part-time persons working in public safety, public works, planning and zoning, parks and recreation, library services and general administration. The City maintains approximately 80 miles of streets and over 250 acres of park and green space. The City operates its own water distribution system with sewage treatment provided by the Yorkville Bristol Sanitary District. The Yorkville Public Library is operated under an appointed board, which is separate from the City Council. Library Board positions are appointed by the Mayor and expire on a rotating basis. Library operations are administered by the Library Board, however, the City is required by state statute to include within its property tax levy and budget, the Library’s requests. The Library does not have authority to issue debt, and must do so through the City. Thus, the Library is a component unit of the City. Accounting System and Budgetary Control Management of the United City of Yorkville is responsible for establishing and maintaining an internal control structure. The internal control structure is designed to ensure that the assets of the City are protected from loss, theft or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. This structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management. In addition, the United City of Yorkville maintains budgetary controls. The objective of these budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the City's governing body. Activities of the general fund, special revenue funds, capital project funds, debt service funds and enterprise funds are included in the annual appropriated budget. The level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is established at the fund level for all budgeted funds. v Local Economy Yorkville is home to several large and midsized manufacturers and retailers including the Wm. Wrigley Jr. Company, Boombah, Inc., Newlywed Foods, Jewel/Osco, Target, Kohl’s, Dick’s Sporting Goods and Menards. It is also home to Raging Waves, Illinois largest water park. The City’s administrative staff, in conjunction with its economic development consultant, continues to work on attracting and retaining commercial and industrial business to the City. As Fiscal Year 2016 came to a close, the Wm. Wrigley Jr. Company substantially completed its $50 million expansion of its Yorkville production facility, in order to accommodate for the production of Skittles to its existing product line. This expansion increased the size of the plant by 145,000 square feet and added 75 jobs, with an average annual salary of $70,000. The expansion was supported by incentive agreements with the City and the Illinois Department of Commerce & Economic Opportunity (DCEO), through the State’s Economic Development for a Growing Economy (EDGE) program. Despite the many budgetary challenges facing the State of Illinois, including looming debt and pension obligations, the City has seen multiple signs that the local economy is continuing to strengthen. The U.S. Census Bureau 5-year estimated values reported that the City had a median family income of $98,631. This compares to $92,794 for the County and $70,967 for the State. Yorkville’s unemployment rate was 4.8% at the end of calendar year 2015, which was lower than both the County and State rates of 5.1% and 5.9% respectively. In addition, the City’s sales tax base continues to grow, as municipal sales tax proceeds reached unprecedented levels in the current fiscal year. The local housing market continued to improve over the course of the current fiscal year, as the number of foreclosures in the City decreased by approximately 33% in comparison to fiscal year 2015. Building and development within the City continues to progress, as building permit issuances increased 18% over prior year amounts. The City’s BUILD (Buyers of Undeveloped Infill Lot Discount) program remained popular, posting a new high of 84 permits issued in fiscal year 2016. The BUILD program, which was implemented in January of 2012, is a comprehensive incentive and stimulus program aimed at newly constructed single- family detached homes. In 2016, due to the success of the original program, the City expanded its BUILD program to include townhomes, called BUILD Townhome Owner Occupied or, as it is more commonly referred to, BUILD TOO. Major Initiatives In fiscal year 2016 the City continued to pursue several major initiatives, including:  Kennedy Road Bike Path – In 2011, the City was awarded a grant through the Illinois Transportation Enhancement Program for the construction of a shared-use path along Kennedy Road from Illinois Route 47 to Bridge Park. This project is partially funded by federal grant proceeds, with remaining amounts to be funded by donations received from a local not-for-profit organization called Push for the Path. During fiscal year 2016, the City completed the Phase I Portion of the project and began working on Phase II design engineering. Construction is expected to begin in the subsequent fiscal year.  Bond Issuance and Refundings – In July of 2015, the City issued $5.575 million in bonds to finance infrastructure improvements and to refinance existing debt. Approximately 75% ($4.1 million) of this issue will be directed towards water infrastructure improvements in the Countryside subdivision, which are scheduled to be completed towards the end of calendar year 2016. The remaining $1.475 million in proceeds refinanced the Series 2005 Countryside TIF bonds, which yielded present value savings of approximately $135,000. vi  Game Farm Road Project – This multi-year, joint project between the City, State and Federal government, reconstructed roadway, water main and sanitary sewer lines on Game Farm Road and Somonauk Street from US Route 34 to Church Street. Construction expenditures up to $2.34 million were financed by grant proceeds from the Federal government channeled through the Illinois Department of Transportation. The City’s portion of this project was financed by bonds in the amount of $4.295 million, issued in August of 2014. At the culmination of the current fiscal year, this project was substantially complete, with only a few punchlist items remaining.  Comprehensive Plan Update – In fiscal year 2016, the City completed the second phase of its Comprehensive Plan Update. This second part of the update, referred to as the “Community Visioning” phase, focused on the creation and development of specific planning concepts and land use strategies that address Yorkville’s land use, physical appearance, transportation and infrastructure issues. The strategies and concepts developed in this phase were incorporated into the Comprehensive Plan draft that was reviewed by City Council in January 2016. In March of 2016, the City began its final comprehensive plan update (Phase 3), which will include the refinement of preliminary planning concepts and implementation strategies into a Final Comprehensive Plan. The Plan will continued to be reviewed and revised over the next several months by community members and the steering committee, before being presented to City Council for adoption in the fall of 2016.  Road to Better Roads (RTBR) Program – Based on the findings of the road study conducted in 2013 and in an effort to address ongoing infrastructure needs, the City continued its annual capital improvement program in the current fiscal year, commonly referred to as the “Road to Better Roads” program. Construction costs in fiscal year 2016 totaled approximately $1.3 million and consisted of pavement milling and overlays on several local streets; the installation of new water main on Church Street; and water infrastructure improvements on Ridge Street. Several sanitary sewers were also lined to aid in reducing inflow and infiltration.  Water Study – Early in Fiscal Year 2016, the City began work on revising its water system master plan. The purpose of this study is to assess water system capacity and project demands based on anticipated growth through the year 2050; evaluate existing and potential water supply options; identify conservation options and major distribution issues; a connection fee analysis; and to engage with surrounding communities regarding regional water supply and treatment options. The results of this study will be presented in June of 2016. Long-Term Financial Planning Management annually develops five-year financial forecasts for all budgeted funds. These forecasts serve as the basis for identifying not only future capital needs, but future operational and personnel requirements as well. Revenue and expenditure trends will be evaluated and prioritized based on the goals set forth by the City Council. It is the intent of management that this five-year financial forecast will serve as the foundation for each year’s corresponding budget document. Relevant Financial Policies In order to ensure that the City continues to meet its immediate and long term service goals, several financial policies and procedures have been implemented by management. Some of the more prescient policies include the following:  Issue a Comprehensive Annual Financial Report (CAFR) within 180 days of the end of each fiscal year that complies with generally accepted accounting principles. vii  Monthly revenue, expenditure and cash balance reporting for all funds. These financial reports ensure that the City Council is made aware of any variances from the appropriated budget. In addition, the City’s budget document continues to be revised in order to enhance transparency.  Maintain the “Information for Citizens” webpage on the City’s website, which contains a wide array of financial information including: budget and audit information; annual treasurer’s reports; bill lists; employee salary and benefit information; tax rates and fees; and other nonfinancial information.  A fund balance policy establishing benchmark reserve levels to be maintained in the City’s various funds, in order to promote financial stability and provide adequate cash flow for operations.  A pension funding policy which defines the manner in which the City funds the long-term cost of benefits promised to plan participants and defines the calculation of the actuarial determined contribution (ADC) to the Yorkville Police Pension and Illinois Municipal Retirement Funds.  An investment policy which invests public funds in a manner which protects principal, maximizes return for a given level of risk and meets the daily cash flow needs of the City.  A capital asset policy which establishes the capitalization thresholds and estimated useful lives of capital assets.  A purchasing policy to ensure that goods and services are obtained in a timely manner at the lowest possible cost.  A post issuance compliance policy to ensure that City remains in compliance with federal tax laws after the issuance of tax-exempt debt.  A credit card policy for all City related credit card purchases. All City employees are required to sign a credit card policy acknowledgement form prior to receiving a City issued credit card. Pension Trust Funds and Post-Employment Benefits Two pension plans are established by State Statute, which cover City employees. The benefits and funding of each plan are determined by state statute, and each plan provides retirement, disability and death benefits for participants. The Police Pension Fund is funded through an annual property tax levy, employee contributions and investment earnings. The Illinois Municipal Retirement Fund (IMRF) pension plan covers civilian full-time employees. Funding for IMRF is made through contributions from the employer (actuarially determined annually by IMRF) and employees of the City (established at 4.5% of total compensation). Employees covered under both pension plans also contribute to Social Security (6.2% of salary capped annually) and Medicare (1.45% of total compensation). The notes to the financial statement provide more information pertaining to employee pensions. The City also provides post-retirement health care benefits for retirees and their dependents, which is financed on a pay-as-you-go basis, with retirees paying 100% of their health care premiums. Awards and Acknowledgments The Govemment Finance Officers Association ofthe United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the United Clty of Yorkville for its comprehensive annual financial report for the fiscal year ended April 30, 2015. This was the 5ú year that the Cþ has received this prestigious award, In order to be awarded a Certificate of Achievement, a govemment must publish an easiþ readable and efficiently organized comprehensive annual {inancial report. The report must also satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is vaiid 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. The preparation of the comprehensive annual financial report would not have been possible without the dedicated services of the City department heads and staff. The entire finance department staff is extended a special appreciation for all of their assistance in the completion of the annual audit. Additionally, we would like to acknowledge the Mayor and City Council for their leadership and support in planning and conducting the financial operations ofthe City, which has made preparation ofthis report possible. Respectfu lly submitted, Bart Olson, ICMA-CM City Administrator Rob Fredrickson, CPA Director of Finance vlll ( Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting kesented to United City of Yarkville Illinois For its Comprehensive Annual Financial Report for the Fiscal YearEnded Àpril 3t,2015 WrrÊfu* Executive Director/CEü a\ lx . FINANCIAL SECTION This section includes:  Independent Auditors’ Report  Management’s Discussion and Analysis  Basic Financial Statements  Required Supplementary Information  Combining and Individual Fund Statements and Schedules . INDEPENDENT AUDITORS’ REPORT This section includes the opinion of the City’s independent auditing firm. Lauterbach & Amen, LLP 27W457 WARRENVILLE RD. o WARRENVILLE, ILLINOIS 60555 PHONE 630.393.1483 . FAX 630.393.2516 www.lauterbachamen.comCËRf IFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITORS' REPORT August 22,2016 The Honorable City Mayor Members of the City Council United City of Yorkville, Illinois We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the United City of Yorkville, Illinois, as of and for the year ended April 30,2016, 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the f,rnancial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the hnancial statements. The procedures selected depend on the auditor's judgment, including the assessment of risks of material misstatement of the financial statements, whether due to fraud or effor. 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. V/e 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 govemmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the United City of Yorkville, Illinois, as of April30,2016, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. 1 2 United City of Yorkville, Illinois August 22, 2016 Page 2 Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis as listed in the table of contents and budgetary information reported in the required supplementary information as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not 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, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the United City of Yorkville, Illinois’, basic financial statements. The introductory section, combining and individual fund financial statements and budgetary comparison schedules, supplemental schedules, and statistical section are presented for purposes of additional analysis and are not a required part of the financial statements. The combining and individual fund financial statements and budgetary comparison schedules and supplemental schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements and budgetary comparison schedules and supplemental schedules are 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. LAUTERBACH & AMEN, LLP MANAGEMENT’S DISCUSSION AND ANALYSIS UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 1 As management of the United City of Yorkville (“City”), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities of the City for the fiscal year ended April 30, 2016. Since the Management’s Discussion and Analysis (“MD&A”) is designed to focus on the current year’s activities, resulting changes and currently known facts, it should be read in conjunction with the Letter of Transmittal on pages iii through viii and the City’s financial statements (beginning on page 3). Financial Highlights  The assets/deferred outflows of the United City of Yorkville exceeded its liabilities/deferred inflows at the close of the fiscal year by $118,946,470 (net position). Of this amount, $119,857,136 was invested in capital assets, net of related debt; $3,064,646 was restricted for specific activities such as IMRF, library operations, highways and streets, TIF districts and land cash. Remaining net position, totaling ($3,975,312), was unrestricted.  The City’s aggregate net position increased by $5,982,138 or 5.3% during the year ended April 30, 2016. Of this increase, $2,780,915 is attributable to governmental activities and $3,201,223 is attributable to business-type activities.  Total revenues increased by 21.2% from $24,656,415 to $29,885,447. Overall expenses totaled $23,903,309, which is an increase of 15.9% from the preceding fiscal year.  At the culmination of the current fiscal year, the City’s governmental funds repor ted combined fund balances of $10,476,722, compared to $11,328,461 reported on April 30, 2015.  For the fiscal year ended April 30, 2016, the City’s General Fund reported an increase in fund balance of $865,648. Total ending fund balance in the General Fund was a positive $5,691,706.  Both the City’s Water and Sewer Funds reported positive changes in net position during the current fiscal year, reporting ending net position balances of $24,652,349 and $26,926,539, respectively. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements are comprised of three components: (1) government- wide financial statements, (2) fund financial statements, and (3) notes to the financial statements. The governmental-wide statements are divided between governmental activities and business-type activities, with the public library presented as a blended component unit. The perspective of the fund financial statements presents financial information for individual funds established by the City for specific purposes. They are categorized into three distinct groups: governmental, proprietary and fiduciary. This report also contains other supplementary information in addition to the basic financial statements. Government-Wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business. The Statement of Net Position presents information on all of the City’s assets/deferred outflows and liabilities/deferred inflows, with the difference between the two reported as net position. Over time increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. The Statement of Activities presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 2 Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government (legislative, administration and finance), public safety (police), community development, public works (street operations, health and sanitation) and parks and recreation. Property taxes, shared state taxes and local utility taxes finance the majority of these services. Business-type activities reflect private sector type operations, where the fee for service typically covers all or most of the cost of operations, including depreciation. The business- type activities of the City include water and sewer operations. The government-wide financial statements may be found on pages 3 through 6 of this report. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the United City of Yorkville can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the City’s near-term financing decisions. Both the Governmental Fund Balance Sheet and the Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains twelve individual governmental funds. Information is presented separately in the Governmental Fund Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balances for the General Fund, Library Fund, Parks and Recreation Fund and the Citywide Capital Fund, all of which are considered to be major funds. Information from the City’s other eight governmental funds are combined into a single column presentation. Individual fund information for these non-major governmental funds is provided elsewhere in the report. The United City of Yorkville adopts annual budgets for its General Fund, Library Fund, Parks and Recreation Fund and Citywide Capital Fund. A budgetary comparison schedule has been provided for all four funds to demonstrate compliance with this budget. The basic governmental fund financial statements may be found on pages 7 through 12 of this report. UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 3 Proprietary Funds The City maintains one type of proprietary fund (enterprise funds). Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its water and sewer operations. Proprietary funds provide the same type of information as the government -wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the Water Fund (major fund) and the Sewer Fund (major fund). The basic proprietary fund financial statements may be found on pages 13 through 16 of this report. Fiduciary Funds Fiduciary funds are used to account for resources held for the benefit of parties outside the City. Fiduciary funds are not reflected in the government -wide financial statements because the resources of those funds are not available to support the City’s operations. The City maintains one fiduciary trust fund; the Police Pension Fund and two agency funds; one for fees held for other governmental agencies and one for developer deposits. The accounting used for fiduciary funds is similar to that used by proprietary funds. The basic fiduciary fund financial statements may be found on pages 17 and 18 of this report. Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the information provided in the government-wide and fund financial statements. The notes to the financial statements may be found on pages 19 through 63 of this report. Other Information In addition to the basic financial statements, this report also includes certain required supplementary information related to budgetary information and the City’s progress in funding its obligation to provide pension benefits to its employees. Required non-major fund information can be found following the required supplementary information. Required supplementary information may be found on pages 64 through 71 of this report. The combing statements referred to earlier in connection with non-major governmental funds are presented immediately following the required supplementary information on pensions. Combing and individual fund statements and schedules may be found on pages 72 through 107 of this report. UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 4 GOVERNMENT-WIDE FINANCIAL ANALYSIS Statement of Net Position The following chart reflects the condensed Statement of Net Position (in millions): 2016 2015 2016 2015 2016 2015 Assets: Current Assets 17.6$ 19.3$ 7.4$ 3.1$ 25.0$ 22.4$ Capital Assets 84.2 79.6 61.6 59.7 145.7 139.3 Other Assets/Deferred Outflows 2.1 0.1 11.3 11.3 13.4 11.5 Total Assets/Deferred Outflows 103.9 99.1 80.3 74.2 184.1 173.2 Liabilities: Current Liabilities 3.4 3.9 3.3 2.6 6.8 6.6 Long-term Liabilities/ Deferred Inflows 33.1 30.5 25.4 23.2 58.4 53.7 Total Liabilities/Deferred Inflows 36.5 34.5 28.7 25.8 65.2 60.3 Net Position: Net Investment in Capital Assets 70.6 66.8 49.2 46.5 119.9 113.3 Restricted 3.1 2.7 - - 3.1 2.7 Unrestricted (6.3) (4.9) 2.3 1.9 (4.0) (3.0) Total Net Position 67.4$ 64.6$ 51.6$ 48.4$ 118.9$ 113.0$ Primary Government Total Governmental Activities Business-Type Activities The City’s combined net position increased by $5.9 million, from $113.0 to $118.9 million, during the current fiscal year. This change is the result of $2.8 million and $3.2 million increases in the net position of governmental activities and business-type activities, respectively. The increase in the net position of governmental activities in fiscal year 2016 was due to better than expected operating results and an increase in capital assets. Capital assets included developer donations, City constructed roadway improvements and unfinished infrastructure that was still being constructed at fiscal year end. Restricted net position for governmental activities increased by $0.3 million due primarily to the accumulation of property tax proceeds that will be used in future fiscal periods to fund the City’s contributions to the Illinois Municipal Retirement Fund (IMRF). The enhanced net position of business-type activities was due mainly to a rise in capital assets, in the form of developer donations, associated with the Water and Sewer Funds. The largest portion of the United City of Yorkville’s net position, totaling $119,857,136, reflects its investment in capital assets (e.g., land, infrastructure, buildings, machinery and equipment), less any related debt used to acquire or construct those assets that are still outstanding. The City uses its capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the United City of Yorkville’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The final component of the United City of Yorkville’s net position, or 2.6%, represents resources that are subject to external restrictions on how they may be used. Total restricted net position is comprised as follows: 39.7% is for future IMRF expenses; 16.6% is for library operations; 28.6% is for future road maintenance and improvement projects relating to the City’s motor fuel tax (MFT) program; 8.3% is UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 5 restricted for Tax Increment Financing (TIF) projects; and the remaining 6.9% is restricted for future land cash projects. As of April 30, 2016, the City was able to report positive balances in all three categories of net position for its business-type activities. Unrestricted net position for governmental activities finished the year at a negative $6,321,934 due to the implementation of GASB Statement No. 68, which now requires the City to report its net pension liabilities on the face of the Statement of Net Position. Additional information on the Statement of Net Position may be found on pages 3 and 4 of this report. Activities The following table reflects the revenue and expenses of the City’s governmental and business-type activities (in millions). 2016 2015 2016 2015 2016 2015 Revenues Program Revenues: Charges for Services 3.5$ 3.3$ 5.0$ 3.8$ 8.5$ 7.1$ Operating Grants & Contributions 0.8 0.9 - - 0.8 0.9 Capital Grants & Contributions 3.3 0.8 2.0 0.0 5.35 0.8 General Revenues: Property Taxes 4.9 4.9 - - 4.9 4.9 Other Taxes 9.5 9.2 - - 9.5 9.2 Other Revenue 0.8 1.6 0.1 0.2 0.8 1.7 Total Revenues 22.8$ 20.6$ 7.1$ 4.0$ 29.9$ 24.7$ Expenses General Government 4.5 4.1 - - 4.5 4.1 Public Safety 6.1 4.4 - - 6.1 4.4 Community Development 0.6 0.6 - - 0.6 0.6 Public Works 4.0 3.1 - - 4.0 3.1 Library 0.9 0.9 - - 0.9 0.9 Parks & Recreation 2.2 2.4 - - 2.2 2.4 Interest Long-Term Debt 0.5 0.6 - - 0.5 0.6 Water - - 3.3 2.8 3.3 2.8 Sewer - - 1.8 1.7 1.8 1.7 Total Expenses 18.9$ 16.1$ 5.0$ 4.5$ 23.9$ 20.6$ Excess(Deficiency) before Transfers 3.9$ 4.5$ 2.1$ (0.5)$ 6.0$ 4.0$ Transfers (1.1) (1.1) 1.1 1.1 - - Change in Net Position 2.8$ 3.4$ 3.2$ 0.7$ 6.0$ 4.1$ Net Position, Beginning 64.6$ 61.2$ 48.4$ 47.7$ 113.0$ 109.0$ Net Position, Ending 67.4$ 64.6$ 51.6$ 48.4$ 118.9$ 113.0$ Primary Government Total Governmental Activities Business-Type Activities Additional information on the Statement of Net Position may be found on pages 5 and 6 of this report. UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 6 Governmental Activities Revenues Total governmental activities revenue for the current fiscal year was $22,771,604, compared to $20,651,497 in the previous fiscal year, an increase of 10.3%. Property taxes, one of the City’s largest revenue sources (21.5% of aggregate revenues), totaled $4.90 million in fiscal year 2016. Property taxes support various governmental activities, including a significant portion of the City’s annual contribution to the Yorkville Police Pension Fund. The City contributed $722,940 to the Police Pension Fund in the current fiscal year, fully funding its actuarially determined contribution amount. Total property tax revenues increased by a nominal 1.1% in fiscal year 2016, due in part to the additional $134,489 in incremental property tax generated by the Countryside TIF District, as a result of new construction being added to the tax rolls. The City received sales taxes in the amount of $4.90 million in fiscal year 2016, which is a 2.6% increase over the prior year. The “other taxes” classification includes a number of revenue sources, including income, utility, business district and amusement/admission taxes. The other tax classification increased by 2.3% in the current fiscal year, as local use and admission/amusement tax receipts posted gains of 14.3% and 16.8%, respectively. Aggregate utility taxes decreased by 0.9%, as unseasonably warm weather in the winter months caused natural gas utility tax receipts to decline by 25.3% in comparison to the previous fiscal year. Charges for service increased by 7.65% in fiscal year 2016, which is the result of several factors including: increased recreation program revenues; the annual contractual increase in garbage surcharge fees; and the enhancement of chargeback revenues used to fund police and public works vehicle and equipment purchases. The “other revenue” classification consisted of various reimbursements related to capital projects and contractual expenses. Other revenues were significantly less ($0.79 million) in fiscal year 2016, as fewer capital projects were eligible for reimbursement from outside sources. Capital grant and contribution revenue increased significantly ($2.55 million) over fiscal year 2015 amounts, as the City accepted $3.18 million of developer donated infrastructure over the course of the current fiscal year. - 1,000 2,000 3,000 4,000 5,000 6,000 Charges for Service Operating Grants & Contributions Capital Grants & Contributions Property Taxes Sales Tax Other Taxes Other Revenues Governmental Activities - Revenues by Function (in thousands) FY 2016 FY 2015 UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 7 Expenses Total expenses amounted to $18,856,035 for governmental activities in fiscal year 2016. This reflects an increase of 16.9% from the prior year. The public safety function comprises the greatest proportion of governmental activities expenses, accounting for approximately 32% of the total. Other primary functional areas include general government, public works and parks and recreation, which account for 24%, 21% and 12%, respectively, of total governmental activities expense. Public safety expenses exceeded prior year amounts by $1.68 million, the bulk of which consisted of pension expense in the amount of $1.29 million, due to the implementation of GASB Statement No. 68. Pension expense was also the primary driver behind the increase in general government expenses, which totaled $528,465 in the current year. Public works expenses increased 26.0%, as a result of fewer capital asset additions and the annual contractual increases for refuse disposal. Parks & Recreation expenses declined by $156,186, as fewer land cash projects were undertook in comparison to the previous fiscal year. The following pie chart shows the breakdown of governmental activities expenses by function. - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 General Government Public Safety Community Development Public Works Library Parks & Recreation Interest on Long-Term Debt Governmental Activities - Expenses by Function (in thousands) FY 2016 FY 2015 24% 32% 3% 21% 5% 12% 3% General Government Public Safety Community Development Public Works Library Parks & Recreation Interest on Long-Term Debt UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 8 Business-Type Activities Business-type activities increased the City’s net position by $3,201,223. Approximately 70% of business-type activity revenue is generated from fees for services relating to the City’s water and sewer utilities. Charges for services totaled $5.01 million in fiscal year 2016, which represents an increase of $1.2 million (31.5%) over prior year amounts. This rise in charge for service revenue was due to several factors including: increasing the water infrastructure fee rate from $4.00 to $8.25 per month; enhanced connection fee revenue generated from a recapture agreement; and City Council’s planned decision to moderately increase water rates through fiscal year 2017, in order to fund much needed capital improvements to the City’s underground utility system. Capital grants and contributions increased significantly, totaling $2.0 million in the current fiscal year, as the City accepted several water and sewer related infrastructure assets from developers. “Other revenues”, which are comprised of rental income, reimbursements, proceeds from capital asset sales and miscellaneous items, decreased by $114,247; as last year’s totals included one-time proceeds of $110,000 from the disposal of a sewer vactor truck. Transfers in for business-type activities totaled $1.13 million, which were used to fund debt service payments for the 2011 refunding bond. FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS Governmental Funds - The focus of the United City of Yorkville’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the United City of Yorkville’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. At the end of the current fiscal year, the United City of Yorkville’s governmental funds reported combined ending fund balances of $10,476,722, a decrease of $851,739 over last year’s totals. The majority of fund balance for the governmental funds is identified between the restricted, assigned and unassigned categories. Restricted fund balance, which accounts for 29.3% of total fund balance, includes amounts restricted for IMRF, library operations, land cash, TIF related projects and the City’s motor fuel tax program. The bulk of unassigned fund balance, which accounts for 35.8% of total governmental fund balance, is in the General Fund ($4.34 million). Remaining fund balance for the governmental funds is allocated as follows: $175,688 (1.7%) is nonspendable (i.e. prepaids); $480,034 (4.6%) is committed for parks and recreation activities; and $3,004,149 (28.7%) is assigned for various capital projects, vehicles and equipment. The Library Fund reported a positive fund balance of $514,162 at the end of fiscal year 2016, which represents an increase in comparison to last year’s fund balance amount of $479,397. Property taxes used to finance library operations, which account for 92.6% of total library operational revenues, fell nominally by $4,421 (0.7%). This reduction in property tax revenue was due to declining property values and being subject to a tax cap of $0.15 per $100 of ass essed valuation. Library operational expenditures decreased by $58,669 (8.1%), as a result of decreased maintenance costs and the elimination of a full time position. The Parks and Recreation Fund reported a deficit amount of $56,775 in the current year, due to a one-time capital purchase for playground equipment at Riverfront Park, which decreased fund balance from $557,537 to $500,762. Charge for service revenues posted year-over-year gains of approximately 16%, as special event and athletics & fitness revenues increased by $28,731 and $15,939, respectively. Expenditures in the Parks and Recreation Fund decreased marginally by 1.67%; as the result of two vacant maintenance workers in the Parks Department and the elimination of the Recreation Center property tax payment. UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 9 The Citywide Capital Fund ended fiscal year 2016 with a deficit of $1,680,800, thus reducing fund balance from $4,684,708 to $3,003,908. This reduction in fund balance will continue into next fiscal year, as the City spends down bond proceeds as it incurs future expenditures for the Game Farm Road and Countryside (roadway portion) subdivision projects. As of April 30, 2016, unspent 2014A bond proceeds totaled $2.47 million. General Fund: The chart below compares the fiscal year 2016 final budget to the actual results of the City’s General Fund. Fiscal Year 2016 General Fund Budgetary Highlights Final Budget Actual Over(Under) Actual as % Of Budget Revenues Taxes $ 10,229,937 $ 10,330,920 $ 100,983 101% Intergovernmental 2,178,100 2,311,979 133,879 106% Licenses, Permits & Fees 198,000 213,451 15,451 108% Charges for Services 1,319,950 1,401,384 81,434 106% Fines & Forfeitures 160,250 123,639 (36,611) 77% Interest 4,000 6,395 2,395 160% Miscellaneous 107,900 134,943 27,043 125% Total Revenues $ 14,198,137 $ 14,522,711 $ 324,574 102% Expenditures General Government $ 4,002,313 $ 3,763,313 $ (239,000) 94% Public Safety 4,978,431 4,673,413 (305,018) 94% Community Development 685,228 649,507 (35,721) 95% Public Works 2,084,907 2,129,784 44,877 102% Total Expenditures $ 11,750,879 $ 11,216,017 $ (534,862) 95% Excess of Revenues over Expenditures $ 2,447,258 $ 3,306,694 $ 859,436 135% Other Financing Sources(Uses) $ (2,437,256) (2,441,046) 3,790 100% Net Change in Fund Balance $ 10,002 $ 865,648 Fund Balance - Beginning of Year 4,826,058 Fund Balance - End of Year $ 5,691,706 The General Fund is the City’s primary operating fund and the largest source of funding for the day-to- day activities of its various departments. Actual revenues exceed budgetary amounts by $324,574, as tax, intergovernmental and charge for service revenues proved to be more robust than initially anticipated. Actual General Fund expenditures for the year were $534,862 lower than budgeted ($11,216,017 actual compared to $11,750,879 budgeted). Furthermore, management is pleased to report that all functional departments within the General Fund (excluding Administrative Services and the Health & Sanitation Department included in the Public Works function) were under their respective appropriated budgets for the fiscal year ended 2016. The Health & Sanitation Department exceeded budgetary amounts by approximately $50,000; however, this was more than offset by additional garbage surcharge revenues, which resulted in a net operating surplus of $7,063. As shown in the table above, current year operating results generated a surplus amount of $865,648, which increased overall fund balance from $4,826,058 at the beginning of the year, to $5,691,706 at the end of fiscal year 2016. Ending fund balance for the UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 10 General Fund was allocated as follows: $138,312 is nonspendable (i.e. prepaids); $1,216,288 is restricted for expenditures relating to IMRF in future fiscal periods; and $4,337,106 is unassigned. At fiscal year end, unassigned fund balance as a percentage of total expenditures equated to 39%, which is the equivalent of approximately four to five months of operating reserves. Proprietary Funds - The United City of Yorkville’s proprietary funds provide the same type of information found in the government-wide financial statements, but in greater detail. The net position of the City’s proprietary funds at the end of the year totaled $51,578,888, allocated between the Water and Sewer Funds in the amounts of $24,652,349 and $26,926,539, respectively. Due to the implementation of GASB Statement No. 68, both Funds restated their beginning net position by a combined $3,446, in order to properly reflect each Funds respective net pension liability for IMRF. Beginning net position in the Water and Sewer Funds was increased from $23,078,404 to $23,080,637 and $25,295,815 to $25,297,028, respectively. CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets – The United City of Yorkville’s investment in capital assets for its governmental and business-type activities as of April 30, 2016 totaled $145,745,157 (net of accumulated depreciation). Investments in capital assets include land, land improvements, construction in progress (CIP), infrastructure (roadway improvements, sanitary sewer lines, storm sewers and water lines), buildings, equipment and vehicles. The following table summarizes the changes in the City’s capital assets for governmental and business-type activities. Change in Capital Assets – Governmental Activities (in millions) Net Balance Additions/Balance May 1, 2015 (Deletions)April 30, 2016 Non-Depreciable Assets: Land and Construction in Progress 34.1$ (0.1)$ 34.0$ Depreciable Capital Assets: Infrastructure 47.2 6.2 53.4 Buildings 14.6 - 14.6 Equipment 6.7 0.3 7.0 Vehicles 2.4 0.1 2.5 Accumulated Depreciation on Capital Assets (25.3) (1.9) (27.2) Total Capital Assets, Net 79.6$ 4.5$ 84.1$ Total net capital assets for the City’s governmental activities increased in fiscal year 2016 by $4,512,923, due primarily to street infrastructure improvements and developer donations. During the fiscal year depreciation expense totaling $2,207,006 was charged to the following functions: General Government ($68,399), Public Safety ($99,226), Public Works ($1,468,410), Library ($182,713) and Parks and Recreation ($388,258). UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 11 Change in Capital Assets – Business-Type Activities (in millions) Net Balance Additions/Balance May 1, 2015 Deletions April 30, 2016 Non-Depreciable Assets: Land and Construction in Progress 2.1$ 0.7$ 2.8$ Depreciable Capital Assets: Infrastructure 52.0 2.6 54.6 Equipment 18.9 - 18.9 Vehicles 0.4 - 0.4 Accumulated Depreciation on Capital Assets (13.6) (1.5) (15.1) Total Capital Assets, Net 59.7$ 1.9$ 61.6$ Net capital assets increased by $1,898,536 in the current fiscal year, as a result of increased developer donated infrastructure and other City projects currently in progress. Non-developer donated capital asset additions for the year totaled $586,635, which was comprised of City constructed water and sewer main improvements. During the fiscal year depreciation expense of $845,754 and $616,087 was charged to the Water and Sewer Fund functional expense categories, respectively. For more detailed information, related to capital assets, see Note 3 to the financial statements, beginning on page 34. Debt Administration As of April 30, 2016, the United City of Yorkville had total debt outstanding of $43,289,857, comprised of general obligation and alternative revenue source bonds, debt certificates, developer commitments and loans payable. This amount is partially comprised of nine alternative revenue bonds which pledge income, sales, incremental property taxes, and water/sewer revenues. In addition, these bonds can be reverted to the property tax rolls should the alternative revenue source prove to be inadequate. Governmental Business-Type Activities Activities Total General Obligation & Alternative Revenue Source Bonds 15,070,000$ 18,555,000$ 33,625,000$ Debt Certificates - 5,220,000 5,220,000 Developer Commitments - 2,000,619 2,000,619 Loans Payable 940,100 1,504,138 2,444,238 16,010,100$ 27,279,757$ 43,289,857$ The City’s general obligation debt is rated AA- by Standard & Poor’s Ratings Services, which was most recently affirmed in June of 2015. In August 2016, Fitch Ratings upgraded the City’s unlimited tax general obligation bonds one notch, from A+ to AA-. State statutes limit the amount of general obligation debt a non-home rule governmental entity may issue to 8.625 percent of its total assessed valuation. The current debt limit for the City is $36,339,051. The amount of debt applicable to that limit is $13,420,000. For more detailed information related to long-term debt, see Note 3 to the financial statements, beginning on page 37. UNITED CITY OF YORKVILLE, ILLINOIS MANAGEMENT’S DISCUSSION AND ANALYSIS April 30, 2016 MD&A 12 ECONOMIC FACTORS AND NEXT YEAR’S BUDGET Fiscal year 2016 saw the General Fund return to its pre-recessionary prominence, as overall fund balance nearly reached $5.7 million, its highest point since the fiscal year ended 2008. The City’s sales tax base continues to remain strong, as indicated by the fact that municipal sales tax has grown an average of 3.7% per annum over the last three fiscal years. Other major revenues have proved resilient as well, as aggregate tax, permits and charges for service revenues surpassed budgetary and prior year amounts. Futhermore, after declining for several years in a row the City’s assessed valuation is currently estimated to increase by 9.95% over 2015 amounts, which strongly suggests that the local housing market continues to strengthen. Several new businesses are slated to open in 2016 as well, including Sherwin Williams and O’Reily Auto Parts in the Yorkville Marketplace development; and a new gas station and Dunkin Donuts in the Fountain View development on the City’s south side. Thus, based on the overall operating results of fiscal year 2016, it would appear that the local economy continues to improve and that development in Yorkville continues to carry on in a positive manner, as the City remains committed to developing economic incentives and other measures to attract and retain businesses. As the City moved forward into the subsequent fiscal year, management continued its practice of conservatively projecting revenues, while looking for ways to reduce expenditures, in order to maintain adequate fund balances and cash reserves. In addition, management continues to monitor the fiscal activities of the State of Illinois, in order to ascertain the impact, if any, of how potential State budget cuts would impact the local share of State revenues. Looking ahead into fiscal year 2017, the General Fund is currently budgeted to spend down a small percentage of its fund balance, although reserves are expected to remain well above minimum thresholds. The upcoming fiscal year General Fund budget includes funding for several projects and initiatives including: increased capital spending for police department vehicles; several personnel additions; increased economic development funding; and several cost sharing initiatives with surrounding communities. The preponderance of capital expenditures for the upcoming fiscal year will take place in the Countryside subdivision, with a total of $3.71 million budgeted out of the Water and City-Wide Capital Funds. The City will also continue its “Road to Better Roads” program, with approximately $1.7 million budgeted for water, sanitary sewer, storm sewer and roadway improvements. Other capital projects planned for the new fiscal year include: Kennedy Road bike trail; Wrigley EDP project; downtown streetscape improvements; sanitary sewer lining; Route 71 water main relocations; US Route 34 roadway improvements; and water well rehabilitations. REQUESTS FOR INFORMATION This financial report is designed to provide our citizens, customers, investors and creditors with a general overview of the City’s finances. Questions concerning this report or requests for additional financial information should be directed to the Director of Finance, United City of Yorkville, 800 Game Farm Road, Yorkville, Illinois 60560. • Government-Wide Financial Statements • Fund Financial Statements Governmental Funds Proprietary Funds Fiduciary Funds BASIC FINANCIAL STATEMENTS The basic financial Statements include integrated sets of financial statements as required by the GASB.The sets of statements include: In addition,the notes to the financial statements are included to provide information that is essential to a user’s understanding of the basic financial statements. UNITED CITY OF YORKVILLE, ILLINOIS Statement of Net Position April 30, 2016 See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Statement of Net Position April 30, 2016 Business- Type Activities Totals Current Assets Cash and Investments $9,895,812 6,425,809 16,321,621 Receivables - Net 7,234,099 956,942 8,191,041 Prepaids 175,688 44,630 220,318 Due from Other Governments 273,976 - 273,976 Total Current Assets 17,579,575 7,427,381 25,006,956 Noncurrent Assets Capital Assets Nondepreciable Capital Assets 33,959,545 2,808,847 36,768,392 Depreciable Capital Assets 77,429,115 73,847,235 151,276,350 Accumulated Depreciation (27,233,762)(15,065,823)(42,299,585) Total Capital Assets 84,154,898 61,590,259 145,745,157 Other Assets Assets Held for Others - 11,091,000 11,091,000 Total Noncurrent Assets 84,154,898 72,681,259 156,836,157 Total Assets 101,734,473 80,108,640 181,843,113 Deferred Items - IMRF 530,015 141,579 671,594 Deferred Items - Police Pension 1,584,702 - 1,584,702 Unamortized Loss on Refunding 6,331 24,676 31,007 Total Deferred Outflows of Resources 2,121,048 166,255 2,287,303 Total Assets and Deferred Outflows of Resources 103,855,521 80,274,895 184,130,416 Governmental Activities ASSETS DEFERRED OUTFLOWS OF RESOURCES The notes to the financial statements are an integral part of this statement. 3 Business- Type Activities Totals Current Liabilities Accounts Payable $1,119,197 577,070 1,696,267 Retainage Payable 1,239 50,952 52,191 Deposits Payable 257,961 5,000 262,961 Accrued Payroll 221,038 25,248 246,286 Accrued Interest Payable 181,848 398,702 580,550 Other Payables 379,232 1,948 381,180 Current Portion of Long-Term Debt 1,261,110 2,275,274 3,536,384 Total Current Liabilities 3,421,625 3,334,194 6,755,819 Noncurrent Liabilities Compensated Absences Payable 448,266 51,108 499,374 Net Pension Liability - IMRF 948,614 253,395 1,202,009 Net Pension Liability - Police Pension 11,684,191 - 11,684,191 Notes Payable 820,482 - 820,482 IEPA Loans Payable - 1,308,862 1,308,862 General Obligation Bonds Payable 14,038,685 17,191,000 31,229,685 Debt Certificates Payable - 4,545,000 4,545,000 Other Liabilities 1,890 2,000,619 2,002,509 Total Noncurrent Liabilities 27,942,128 25,349,984 53,292,112 Total Liabilities 31,363,753 28,684,178 60,047,931 Unamortized Gain on Refunding - 11,829 11,829 Property and State Taxes 5,124,186 - 5,124,186 Total Deferred Inflows of Resources 5,124,186 11,829 5,136,015 Total Liabilities and Deferred Inflows of Resources 36,487,939 28,696,007 65,183,946 Net Investment in Capital Assets 70,624,870 49,232,266 119,857,136 Restricted IMRF 1,216,288 - 1,216,288 Library Operations 507,881 - 507,881 Motor Fuel Tax 877,074 - 877,074 Land Cash 210,318 - 210,318 Tax Increment Financing Districts 253,085 - 253,085 Unrestricted (6,321,934)2,346,622 (3,975,312) Total Net Position 67,367,582 51,578,888 118,946,470 LIABILITIES NET POSITION Governmental Activities DEFERRED INFLOWS OF RESOURCES The notes to the financial statements are an integral part of this statement. 4 UNITED CITY OF YORKVILLE, ILLINOIS Statement of Activities For the Fiscal Year Ended April 30, 2016 Charges Operating Capital for Grants/Grants/ Services Contributions Contributions Governmental Activities General Government $4,533,840 3,072,590 - 135,722 Library 877,154 53,372 26,475 - Parks and Recreation 2,225,512 408,469 140,879 - Public Safety 6,073,977 - - - Community Development 649,507 - - - Public Works 3,955,539 - 607,502 3,181,608 Interest on Long-Term Debt 540,506 - - - Total Governmental Activities 18,856,035 3,534,431 774,856 3,317,330 Business-Type Activities Sewer 1,789,770 1,388,258 - 968,639 Water 3,257,504 3,624,374 - 1,061,209 Total Business-Type Activities 5,047,274 5,012,632 - 2,029,848 23,903,309 8,547,063 774,856 5,347,178 General Revenues Taxes Property Taxes Utility Taxes Other Taxes Intergovernmental - Unrestricted Sales Taxes Income Taxes Interest Income Miscellaneous Transfers - Internal Activity Change in Net Position Net Position - Beginning as Restated Net Position - Ending Expenses Program Revenues The notes to the financial statements are an integral part of this statement. 5 Business Governmental Type Activities Activities Totals (1,325,528)- (1,325,528) (797,307)- (797,307) (1,676,164)- (1,676,164) (6,073,977)- (6,073,977) (649,507)- (649,507) (166,429)- (166,429) (540,506)- (540,506) (11,229,418)- (11,229,418) - 567,127 567,127 - 1,428,079 1,428,079 - 1,995,206 1,995,206 (11,229,418)1,995,206 (9,234,212) 4,901,983 - 4,901,983 1,585,758 - 1,585,758 1,265,439 - 1,265,439 4,904,967 - 4,904,967 1,715,155 - 1,715,155 9,828 6,685 16,513 761,857 64,678 826,535 (1,134,654)1,134,654 - 14,010,333 1,206,017 15,216,350 2,780,915 3,201,223 5,982,138 64,586,667 48,377,665 112,964,332 67,367,582 51,578,888 118,946,470 Primary Government Net (Expenses)/Revenues The notes to the financial statements are an integral part of this statement. 6 UNITED CITY OF YORKVILLE, ILLINOIS Balance Sheet - Governmental Funds April 30, 2016 Cash and Investments $4,339,484 Receivables - Net of Allowances Property Taxes 3,053,660 Accounts 140,090 Other Taxes 2,405,104 Due from Other Governments 2,948 Due from Other Funds 583,337 Prepaids 138,312 Total Assets 10,662,935 Accounts Payable 859,973 Retainage Payable - Deposit Payable 251,372 Accrued Payroll 167,844 Due to Other Funds 125 Other Payables - Total Liabilities 1,279,314 Property and State Taxes 3,691,915 Total Liabilities and Deferred Inflows of Resources 4,971,229 Nonspendable 138,312 Restricted 1,216,288 Committed - Assigned - Unassigned 4,337,106 Total Fund Balances 5,691,706 Total Liabilities, Deferred Inflows of Resources and Fund Balances 10,662,935 FUND BALANCES LIABILITIES General ASSETS DEFERRED INFLOWS OF RESOURCES The notes to the financial statements are an integral part of this statement. 7 Capital Projects Parks and Citywide Library Recreation Capital Nonmajor Totals 548,370 705,459 3,119,680 1,182,819 9,895,812 1,384,746 - - 47,525 4,485,931 130 1,914 156,039 5,496 303,669 882 - - 38,509 2,444,495 - - 65,980 205,048 273,976 - 125 - - 583,462 6,281 20,728 1,600 8,767 175,688 1,940,409 728,226 3,343,299 1,488,164 18,163,033 17,719 96,279 83,421 61,805 1,119,197 - - 1,239 - 1,239 - 6,589 - - 257,961 17,710 35,484 - - 221,038 - - - 583,333 583,458 6,072 89,112 254,731 29,317 379,232 41,501 227,464 339,391 674,455 2,562,125 1,384,746 - - 47,525 5,124,186 1,426,247 227,464 339,391 721,980 7,686,311 6,281 20,728 1,600 8,767 175,688 507,881 - - 1,340,477 3,064,646 - 480,034 - - 480,034 - - 3,002,308 1,841 3,004,149 - - - (584,901)3,752,205 514,162 500,762 3,003,908 766,184 10,476,722 1,940,409 728,226 3,343,299 1,488,164 18,163,033 Special Revenue The notes to the financial statements are an integral part of this statement. 8 UNITED CITY OF YORKVILLE, ILLINOIS Reconciliation of Total Governmental Fund Balance to Net Position of Governmental Activities April 30, 2016 Total Governmental Fund Balances $10,476,722 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 funds.84,154,898 Deferred outflows (inflows) of resources related to the pensions not reported in the funds. Deferred Items - IMRF 530,015 Deferred Items - Police Pension 1,584,702 Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the funds. Accrued Interest Payable (181,848) Compensated Absences Payable (560,333) Net Pension Liability - IMRF (948,614) Net Pension Liability - Police Pension (11,684,191) Notes Payable (938,210) General Obligation Bonds Payable (15,070,000) Unamortized Loss on Refunding 6,331 Other Obligations Payable (1,890) Net Position of Governmental Activities 67,367,582 The notes to the financial statements are an integral part of this statement. 9 UNITED CITY OF YORKVILLE, ILLINOIS Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds For the Fiscal Year Ended April 30, 2016 See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds For the Fiscal Year Ended April 30, 2016 Revenues Taxes $10,330,920 Intergovernmental 2,311,979 Licenses, Permits and Fees 213,451 Charges for Services 1,401,384 Fines and Forfeits 123,639 Grants and Donations - Interest 6,395 Miscellaneous 134,943 Total Revenues 14,522,711 Expenditures Current General Government 3,763,313 Library - Parks and Recreation - Public Safety 4,673,413 Community Development 649,507 Public Works 2,129,784 Capital Outlay - Debt Service Principal Retirement - Interest and Fiscal Charges - Total Expenditures 11,216,017 Excess (Deficiency) of Revenues Over (Under) Expenditures 3,306,694 Other Financing Sources (Uses) Disposal of Capital Assets - Debt Issuance - Premium on Debt Issuance - Payment to Escrow Agent - Transfers In 7,077 Transfers Out (2,448,123) (2,441,046) Net Change in Fund Balances 865,648 Fund Balances - Beginning 4,826,058 Fund Balances - Ending 5,691,706 General The notes to the financial statements are an integral part of this statement. 10 Capital Projects Parks and Citywide Library Recreation Capital Nonmajor Totals 1,369,150 - - 403,184 12,103,254 26,475 - 135,722 565,571 3,039,747 36,100 - 138,792 107,001 495,344 9,191 408,469 702,563 374,386 2,895,993 8,081 - - 11,374 143,094 - 18,917 - 121,962 140,879 565 366 1,633 869 9,828 5,250 213,676 399,561 8,427 761,857 1,454,812 641,428 1,378,271 1,592,774 19,589,996 - - 139,200 25,542 3,928,055 694,441 - - - 694,441 - 1,775,034 - 28,299 1,803,333 - - - 15,716 4,689,129 - - - - 649,507 - - - 330,408 2,460,192 - - 2,711,081 941,990 3,653,071 535,000 - 210,000 295,880 1,040,880 216,534 - 196,412 191,460 604,406 1,445,975 1,775,034 3,256,693 1,829,295 19,523,014 8,837 (1,133,606)(1,878,422)(236,521)66,982 - - - 48,446 48,446 - - 152,183 1,475,000 1,627,183 - - - 122,288 122,288 - - - (1,581,984)(1,581,984) 25,928 1,076,831 58,060 158,194 1,326,090 - - (12,621)- (2,460,744) 25,928 1,076,831 197,622 221,944 (918,721) 34,765 (56,775)(1,680,800)(14,577)(851,739) 479,397 557,537 4,684,708 780,761 11,328,461 514,162 500,762 3,003,908 766,184 10,476,722 Special Revenue The notes to the financial statements are an integral part of this statement. 11 UNITED CITY OF YORKVILLE, ILLINOIS Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Fiscal Year Ended April 30, 2016 Net Change in Fund Balances - Total Governmental Funds $(851,739) Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. Capital Outlays 3,538,321 Depreciation Expense (2,207,006) Capital Contributions 3,181,608 The net effect of deferred outflows (inflows) of resources related to the pensions not reported in the funds. Change in Deferred Items - IMRF 284,305 Change in Deferred Items - Police Pension 922,707 The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal on long-term debt consumes the current financial resources of the governmental funds. Loss on Refunding (115,328) Issuance of General Obligation Bonds (1,475,000) Issuance of Notes Payable (152,183) Additions to Compensated Absences Payable (96,968) Additions to Net Pension Liability - IMRF (715,802) Additions to Net Pension Liability - Police Pension (2,211,804) Retirement of Debt 2,640,880 Changes to accrued interest on long-term debt in the Statement of Activities does not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds.38,924 Changes in Net Position of Governmental Activities 2,780,915 The notes to the financial statements are an integral part of this statement. 12 UNITED CITY OF YORKVILLE, ILLINOIS Statement of Net Position - Proprietary Funds April 30, 2016 See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Statement of Net Position - Proprietary Funds April 30, 2016 Water Totals Current Assets Cash and Investments $1,431,940 4,993,869 6,425,809 Receivables - Net of Allowances Accounts 203,437 753,505 956,942 Prepaids 11,136 33,494 44,630 Total Current Assets 1,646,513 5,780,868 7,427,381 Noncurrent Assets Capital Assets Nondepreciable 252,512 2,556,335 2,808,847 Depreciable 31,193,254 42,653,981 73,847,235 Accumulated Depreciation (4,258,768)(10,807,055)(15,065,823) 27,186,998 34,403,261 61,590,259 Other Assets Assets Held for Others 11,091,000 - 11,091,000 Total Noncurrent Assets 38,277,998 34,403,261 72,681,259 Total Assets 39,924,511 40,184,129 80,108,640 Deferred Items - IMRF 49,840 91,739 141,579 Unamortized Loss on Refunding 24,676 - 24,676 74,516 91,739 166,255 Total Assets and Deferred Outflows of Resources 39,999,027 40,275,868 80,274,895 Business-Type Activities - Enterprise Sewer ASSETS DEFERRED OUTFLOWS OF RESOURCES The notes to the financial statements are an integral part of this statements. 13 Water Totals Current Liabilities Accounts Payable $59,353 517,717 577,070 Retainage Payable 2,107 48,845 50,952 Deposits Payable 5,000 - 5,000 Accrued Payroll 9,179 16,069 25,248 Accrued Interest Payable 160,383 238,319 398,702 Other Payables - 1,948 1,948 Current Portion of Long-Term Debt 1,382,744 892,530 2,275,274 Total Current Liabilities 1,618,766 1,715,428 3,334,194 Noncurrent Liabilities Compensated Absences Payable 13,673 37,435 51,108 Net Pension Liability - IMRF 89,203 164,192 253,395 IEPA Loans Payable 257,403 1,051,459 1,308,862 General Obligation Bonds Payable 9,235,000 7,956,000 17,191,000 Debt Certificates Payable 830,000 3,715,000 4,545,000 Other Liabilities 1,028,443 972,176 2,000,619 Total Noncurrent Liabilities 11,453,722 13,896,262 25,349,984 Total Liabilities 13,072,488 15,611,690 28,684,178 Unamortized Gain on Refunding - 11,829 11,829 Total Liabilities and Deferred Inflows of Resources 13,072,488 15,623,519 28,696,007 Net Investment in Capital Assets 24,610,918 24,621,348 49,232,266 Unrestricted 2,315,621 31,001 2,346,622 Total Net Position 26,926,539 24,652,349 51,578,888 NET POSITION LIABILITIES Sewer Business-Type Activities - Enterprise DEFERRED INFLOWS OF RESOURCES The notes to the financial statements are an integral part of this statements. 14 UNITED CITY OF YORKVILLE, ILLINOIS Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds For the Fiscal Year Ended April 30, 2016 Water Totals Operating Revenues Charges for Services $1,180,958 3,312,736 4,493,694 Operating Expenses Operations 591,176 1,795,292 2,386,468 Depreciation and Amortization 621,174 879,691 1,500,865 Total Operating Expenses 1,212,350 2,674,983 3,887,333 Operating Income (31,392)637,753 606,361 Nonoperating Revenues (Expenses) Interest Income 1,193 5,492 6,685 Connection Fees 207,300 311,638 518,938 Other Income 2,812 61,866 64,678 Interest Expense (577,420)(582,521)(1,159,941) (366,115)(203,525)(569,640) Income (Loss) Before Contributions and Transfers (397,507)434,228 36,721 Capital Contributions 968,639 1,061,209 2,029,848 Transfers In 1,134,654 76,275 1,210,929 Transfers Out (76,275)- (76,275) Change in Net Position 1,629,511 1,571,712 3,201,223 Net Position - Beginning as Restated 25,297,028 23,080,637 48,377,665 Net Position - Ending 26,926,539 24,652,349 51,578,888 Business-Type Activities - Enterprise Sewer The notes to the financial statements are an integral part of this statement. 15 UNITED CITY OF YORKVILLE, ILLINOIS Statement of Cash Flows - Proprietary Funds For the Fiscal Year Ended April 30, 2016 Water Totals Cash Flows from Operating Activities Receipts from Customers and Users $1,384,644 3,559,757 4,944,401 Payments to Employees (198,716)(365,936)(564,652) Payments to Suppliers (391,624)(1,408,128)(1,799,752) 794,304 1,785,693 2,579,997 Cash Flows from Noncapital Financing Activities Transfers In 1,134,654 76,275 1,210,929 Transfers (Out)(76,275)- (76,275) 1,058,379 76,275 1,134,654 Cash Flows from Capital and Related Financing Activities Purchase of Capital Assets (808,521)(474,916)(1,283,437) Issuance of Capital Debt - 1,290,000 1,290,000 Payment to Escrow Agent - (1,256,355)(1,256,355) Debt Repayment (1,448,355)(727,225)(2,175,580) Interest Payments (577,420)(582,521)(1,159,941) (2,834,296)(1,751,017)(4,585,313) Cash Flows from Investing Activities Interest Received 1,193 5,492 6,685 Net Change in Cash and Cash Equivalents (980,420)116,443 (863,977) Cash and Cash Equivalents - Beginning 2,713,492 1,010,725 3,724,217 Cash and Cash Equivalents - Ending 1,733,072 1,127,168 2,860,240 Reconciliation of Operating Income to Net Cash Provided (Used) by Operating Activities Operating Income (Loss)(31,392)637,753 606,361 Adjustments to Reconcile Operating Income to Net Income to Net Cash Provided by (Used in) Operating Activities: Depreciation and Amortization Expense 621,174 879,691 1,500,865 Connection Fees/Other Income 210,112 373,504 583,616 (Increase) Decrease in Current Assets (6,426)(126,483)(132,909) Increase (Decrease) in Current Liabilities 836 21,228 22,064 Net Cash Provided by Operating Activities 794,304 1,785,693 2,579,997 Noncash Activity - Capital Contributions 968,639 1,061,209 2,029,848 Business-Type Activities - Enterprise Sewer The notes to the financial statement are an integral part of this statement. 16 UNITED CITY OF YORKVILLE, ILLINOIS Statement of Fiduciary Net Position April 30, 2016 Agency Cash and Cash Equivalents $213,240 434,852 Investments U.S. Government and Agency Securities 3,142,833 - Corporate Bonds 473,875 - Mutual Funds 911,956 - Common Stocks 2,113,727 - Receivables - Net of Allowances - 731,168 Accrued Interest 27,184 - Total Assets 6,882,815 1,166,020 Accounts Payable 1,644 - Other Liabilities - 1,166,020 Due to Other Funds 4 - Total Liabilities 1,648 1,166,020 Net Position Restricted for Pensions 6,881,167 - NET POSITION Trust Pension Police ASSETS LIABILITIES The notes to the financial statement are an integral part of this statement. 17 UNITED CITY OF YORKVILLE, ILLINOIS Statement of Changes in Fiduciary Net Position For the Fiscal Year Ended April 30, 2016 Additions Contributions - Employer $722,940 Contributions - Plan Members 222,736 Total Contributions 945,676 Investment Income Interest Earned 141,755 Net Change in Fair Value (144,964) (3,209) Less Investment Expenses (27,284) Net Investment Income (30,493) Total Additions 915,183 Deductions Administration 13,448 Benefits and Refunds 443,314 Total Deductions 456,762 Change in Fiduciary Net Position 458,421 Net Position Restricted for Pensions Beginning 6,422,746 Ending 6,881,167 Police Trust Pension The notes to the financial statement are an integral part of this statement. 18 UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 19 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The United City of Yorkville (City) is an Illinois unit of local government. The financial statements include all functions, programs and activities under control of the City Council. The City’s major operations include public safety, public works, library, parks and recreation, community development, water and sewer services, and general administration. The City Council has oversight responsibility for the City, the Public Library and the Park and Recreation Board. Oversight responsibility includes designation of management and all other control over operations of these entities. The government-wide financial statements are prepared in accordance with generally accepted accounting principles (GAAP). The Governmental Accounting Standards Board (GASB) is responsible for establishing GAAP for state and local governments through its pronouncements (Statements and Interpretations). The more significant of the City’s accounting policies established in GAAP and used by the City are described below. REPORTING ENTITY The City’s financial reporting entity comprises the following: Primary Government: United City of Yorkville In determining the financial reporting entity, the City complies with the provisions of GASB Statement No. 61, “The Financial Reporting Omnibus - an Amendment of GASB Statements No. 14 and No. 34,” and includes all component units that have a significant operational or financial relationship with the City. Based upon the criteria set forth in the GASB Statement No. 61, there are no component units included in the reporting entity. Police Pension Employees Retirement System The City’s police employees participate in the Police Pension Employees Retirement System (PPERS). PPERS functions for the benefit of these employees and is governed by a five-member pension board. Two members appointed by the City’s Mayor, one elected pension beneficiary and two elected police employees constitute the pension board. The participants are required to cont ribute 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 contribution levels. Although it is legally separate from the City, the PPERS is reported as if it were part of the primary City because its sole purpose is to provide retirement benefits for the City’s police employees. The PPERS is reported as a pension trust fund. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 20 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued BASIS OF PRESENTATION Government-Wide Statements The City’s basic financial statements include both government-wide (reporting the City as a whole) and fund financial statements (reporting the City’s major funds). Both the government-wide and fund financial statements categorize primary activities as either governmental or business -type. The City’s public safety, highway and street maintenance and reconstruction, building code enforcement, public improvements, economic development, parks and recreation, planning and zoning, and general administrative services are classified as governmental activities. The City’s sewer and water services are classified as business-type activities. In the government-wide Statement of Net Position, both the governmental and business-type activities columns are: (a) presented on a consolidated basis by column, and (b) reported on a full accrual, economic resource basis, which recognizes all long-term assets/deferred outflows and receivables as well as long-term debt/deferred inflows and obligations. The City’s net position is reported in three parts: net investment in capital assets; restricted; and unrestricted. The City first utilizes restricted resources to finance qualifying activities. The government-wide Statement of Activities reports both the gross and net cost of each of the City’s functions and business-type activities (general government, public safety, highways and streets, etc.). The functions are supported by general government revenues (property, sales and use taxes, certain intergovernmental revenues, fines, permits and charges for services, etc.). The Statement of Activities reduces gross expenses (including depreciation) by related program revenues, which include 1) changes 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. The net costs (by function or business-type activity) are normally covered by general revenue (property, sales and use taxes, certain intergovernmental revenues, permits and charges for services, etc.). This government-wide focus is more on the sustainability of the City as an entity and the change in the City’s net position resulting from the current year’s activities. Fund Financial Statements The financial transactions of the City are reported in individual funds in the fund financial statements. Each fund is accounted for by providing a separate set of self-balancing accounts that comprise its assets/deferred outflows, liabilities/deferred inflows, fund equity, revenues and expenditures/expenses. Funds are organized into three major categories: governmental, proprietary, and fiduciary. The emphasis in fund financial statements is on the major funds in either the governmental or business-type activities categories. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 21 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued BASIS OF PRESENTATION – Continued Fund Financial Statements – Continued Nonmajor funds by category are summarized into a single column. GASB Statement No. 34 sets forth minimum criteria (percentage of the assets/deferred outflows, liabilities/deferred inflows, revenues or expenditures/expenses of either fund category or the governmental and enterprise combined) for the determination of major funds. The City electively added funds, as major funds, which either have debt outstanding or a specific community focus. The nonmajor funds are combined in a column in the fund financial statements. A fund is considered major if it is the primary operating fund of the City or meets the following criteria: Total assets/deferred outflows, liabilities/deferred inflows, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 10 percent of the corresponding total for all funds of th at category or type; and Total assets/deferred outflows, liabilities/deferred inflows, revenues, or expenditures/expenses of the individual governmental fund or enterprise fund are at least 5 percent of the corresponding total for all governmental and enterprise funds combined. The various funds are reported by generic classification within the financial statements. The following fund types are used by the City: Governmental Funds The focus of the governmental funds’ measurement (in the fund statements) is upon determination of financial position and changes in financial position (sources, uses, and balances of financial resources) rather than upon net income. The following is a description of the governmental funds of the City: General fund is the general operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund. The General Fund is a major fund. Special revenue funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. The City maintains eight special revenue funds. The Library Fund, a major fund, is used to account for the activity relating to the Yorkville Public Library. The revenue sources for the Library Fund are property taxes. The Parks and Recreation Fund, also a major fund, is used to account for the revenues and expenditures associated with Yorkville’s Parks and Recreation departments. The revenue sources for the Parks and Recreation Fund are charges for services. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 22 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued BASIS OF PRESENTATION – Continued Fund Financial Statements – Continued Governmental Funds – Continued Debt service funds are used to account for the accumulation of funds for the periodic payment of principal and interest on general long-term debt. The City maintains one debt service fund. Capital projects funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by business-type/proprietary funds). The City maintains two capital projects funds. The Citywide Capital Fund, a major fund, is used to account for financial resources accumulated for maintenance of public infrastructure and to fund new capital improvements that benefit the public. Proprietary Funds The focus of proprietary fund measurement is upon determination of operating income, changes in net position, financial position, and cash flows. The generally accepted accounting principles applicable are those similar to businesses in the private sector. The following is a description of the proprietary funds of the City: Enterprise funds are required to account for operations for which a fee is charged to external users for goods or services and the activity is (a) financed with debt that is solely secured by a pledge of the net revenues, (b) has third party requirements that the cost of providing services, including capital costs, be recovered with fees and charges, or (c) establishes fees and charges based on a pricing policy designed to recover similar costs. The City maintains two enterprise funds. The Sewer Fund, a major fund, is used to account for the operation and sewer infrastructure maintenance of the C ity-owned sewer system, as well as the construction of new sewer systems within City limits. Revenues are generated through a user maintenance fee. The Water Fund, also a major fund, is used to account for the operation and water infrastructure maintenance of the City-owned water distribution system, as well as the construction of new water systems. Revenues are generated through charges based on water consumption and user maintenance fees. Fiduciary Funds Fiduciary funds are used to report assets held in a trustee or agency capacity by the City for others and therefore are not available to support City programs. The reporting focus is on net position and changes in net position and is reported using accounting principles similar to proprietary funds. Pension trust funds are used to account for assets held in a trustee capacity by the City for pension benefit payments. The Police Pension Fund accounts for the accumulation of resources to pay pension costs. Resources are contributed by police force members at rates fixed by state statutes and by the government through an annual property tax levy. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 23 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued BASIS OF PRESENTATION – Continued Fund Financial Statements – Continued Fiduciary Funds – Continued Agency funds are used to account for assets held by the City in a purely custodial capacity. The Developer Deposit Fund is used to account for developer deposits that are used to reimburse the City for all expenses incurred as a result of processing developer applications and requests. The Escrow Deposit Fund is used to account for various funds collected on behalf of other governmental agencies. The City’s fiduciary funds are presented in the fiduciary fund financial statements by type (pension trust and agency). Since by definition these assets are being held for the benefit of a third party (other local governments, private parties, pension participants, etc.) and cannot be used to address activities or obligations of the City, these funds are not incorporated into the government-wide statements. MEASUREMENT FOCUS AND BASIS OF ACCOUNTING Measurement focus is a term used to describe “which” transactions are recorded within the various financial statements. Basis of accounting refers to “when” transactions are recorded regardless of the measurement focus applied. Measurement Focus On the government-wide Statement of Net Position and the Statement of Activities, both governmental and business-type activities are presented using the economic resources measurement focus as defined below. In the fund financial statements, the “current financial resources” measurement focus or the “economic resources” measurement focus is used as appropriate. All governmental funds utilize a “current financial resources” measurement focus. Only current financial assets/deferred outflows and liabilities/deferred inflows are generally included on their balance sheets. Their operating statements present sources and uses of available spendable financial resources during a given period. These funds use fund balance as their measure of available spendable financial resources at the end of the period. All proprietary and pension trust funds utilize an “economic resources” measurement focus. The accounting objectives of this measurement focus are the determination of operating income, changes in net position (or cost recovery), financial position, and cash flows. All assets/deferred outflows and liabilities/deferred inflows (whether current or noncurrent) associated with their activities are reported. Proprietary and pension trust fund equity is classified as net position. Agency funds are not involved in the measurement of results of operations; therefore, measurement focus is not applicable to them. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 24 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued MEASUREMENT FOCUS AND BASIS OF ACCOUNTING – Continued Basis of Accounting In the government-wide Statement of Net Position and Statement of Activities, both governmental and business-type activities are presented using the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability/deferred inflow is incurred or economic asset used. Revenues, expenses, gains, losses, assets/deferred outflows, and liabilities/deferred inflows resulting from exchange and exchange-like transactions are recognized when the exchange takes place. In the fund financial statements, governmental funds are presented on the modified accrual basis of accounting. Under this modified accrual basis of accounting, revenues are recognized when “measurable and available.” Measurable means knowing or being able to reasonably estimate the amount. Available means collectible within the current period or within sixty days after year-end. The City recognizes property taxes when they become both measurable and available in accordance with GASB Codification Section P70. A sixty day availability is generally used for revenue recognition for all other governmental fund revenues. Income tax will exceed the sixty day recognition period due to the State of Illinois and the long delay with releasing these funds. Expenditures (including capital outlay) are recorded when the related fund liability is incurred, except for general obligation bond principal and interest which are recognized when due. In applying the susceptible to accrual concept under the modified accrual basis, those revenues susceptible to accrual are property taxes, state and utility taxes, franchise taxes, interest revenue, and charges for services. All other revenues are not susceptible to accrual because generally they are not measurable until received in cash. All proprietary, pension trust and agency funds utilize the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset used. Proprietary funds distinguish operating revenues and expenses from nonoperating 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 City’s enterprise funds are charges to customers for sales and services. Operating expenses for enterprise 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 nonoperating revenues and expenses. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 25 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NET POSITION OR EQUITY Cash and Investments Cash and cash equivalents on the Statement of Net Position are considered to be cash on hand, demand deposits, and cash with fiscal agent. For the purpose of the proprietary funds “Statement of Cash Flows,” cash and cash equivalents are considered to be cash on hand, demand deposits, cash with fiscal agent, and all highly liquid investments with an original maturity of three months or less. Investments are reported at fair value. Short-term investments are reported at cost, which approximates fair value. Securities traded on national exchanges are valued at the last reported sales price. Investments that do not have any established market, if any, are reported at estimated fair value. Interfund Receivables, Payables and Activity Interfund activity is reported as loans, services provided, reimbursements or transfers. Loans are reported as interfund receivables and payables as appropriate and are subject to elimination upon consolidation. All other interfund transactions are treated as transfers. Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances.” Receivables In the government-wide financial statements, receivables consist of all revenues earned at year -end and not yet received. Major receivables balances for governmental activities include property taxes, state and utility taxes, franchise taxes, and grants. Business-type activities report utility charges as their major receivables. Prepaids Prepaids are valued at cost, which approximates market. The cost of governmental fund-type prepaids are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaids in both the government-wide and fund financial statements. Deferred Outflows/Inflows of Resources Deferred outflow/inflow of resources represents an acquisition of net position that applies to a future period and therefore will not be recognized as an outflow or resources (expense)/inflow o f resources (revenue) until that future time. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 26 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NET POSITION OR EQUITY – Continued Capital Assets Capital assets purchased or acquired with an original cost of $5,000 to $75,000 (see chart below) or more are reported at historical cost or estimated historical cost. Contributed assets are reported at estimated fair market value as of the date received. Additions, improvements and other capital outlays that significantly extend the useful life of an asset are capitalized. Other costs incurred for repairs and maintenance are expensed as incurred. The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. General capital assets are long-lived assets of the City as a whole. Infrastructure such as streets, traffic signals and signs are capitalized. In the case of the initial capitalization of general infrastructure assets (i.e., those reported by the governmental activities) the government chose to include all such items regardless of their acquisition date. The valuation basis for general capital assets are historical cost, or where historical cost is not available, estimated historical cost based on replacement costs. Capital assets in the proprietary funds are capitalized in the fund in which they are utilized. The valuation bases for proprietary fund capital assets are the same as those used for the general capital assets. Donated capital assets are capitalized at estimated fair market value on the date donated. Depreciation on all assets is computed and recorded using the straight-line method of depreciation over the following estimated useful lives: Estimated Useful Capital Asset Life Land $25,000 N/A Buildings 35,000 10 - 50 Years Equipment 5,000 5 - 75 Years Vehicles 5,000 5 - 15 Years Infrastructure - Street and Storm Sewer 50,000 10 - 75 Years Infrastructure - Water and Sewer 75,000 10 - 75 Years Capitalized Threshold UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 27 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NET POSITION OR EQUITY – Continued Compensated Absences The City accrues accumulated unpaid vacation and associated employee-related costs when earned (or estimated to be earned) by the employee. In accordance with GASB Statement No. 16, no liability is recorded for nonvesting accumulation rights to receive sick pay benefits. However, a liability is recognized for that portion of accumulated sick leave that is estimated to be taken as “terminal leave” prior to retirement. All vacation pay is accrued when incurred in the government-wide and proprietary fund financial statements. A liability for these amounts is reported in the governmental funds only if they have matured, for example, as a result of employee resignations and retirements. Assets Held for Others In June of 2004, the City entered into an intergovernmental agreement with Yorkville -Bristol Sanitary District for design and construction of the Rob Roy Creek Interceptor. At the date of completion, the Yorkville-Bristrol Sanitary District owns and maintains the Interceptor. All costs associated with the construction of the infrastructure asset are recorded as Assets Held for Others in the City’s financial statements. As of April 30, 2016, the balance of this project was $11,091,000 reported in the Sewer Fund. In connection with this project, the City issued General Obligation Alternate Revenue Source Bonds of 2005D in the fiscal year 2006 for $11,300,000, which were refunded in 2008 and again in 2011. At April 30, 2016, the outstanding balance of the 2011 refunding bonds is $9,090,000. See Note 3 for more information on this long-term debt issue. Long-Term Obligations 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 are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as expenses at the time of issuance. In the fund financial statements, governmental fund types recognize bond premiums and disco unts, 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. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 28 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NET POSITION OR EQUITY – Continued Net Position In the government-wide financial statements, equity is classified as net position and displayed in three components: Net Investment in Capital Assets – Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. Restricted – Consists of net position with constraints placed on the 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 legislations. Unrestricted – All other net position balances that do not meet the definition of “restricted” or “net investment in capital assets.” NOTE 2 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY BUDGETARY INFORMATION Budgets are adopted on a basis consistent with generally accepted accounting principles. Annual budgets are adopted for all funds. All annual appropriations lapse at fiscal year end. During the year, several supplementary appropriations were necessary. The City follows these procedures in establishing the budgetary data reflected in the financial statements:  Prior to May 1, the Mayor submits to the City Council the proposed budget for the fiscal year commencing the following May 1. The operating budget includes proposed expenditures and the means of financing them.  Public hearings are conducted at the City offices to obtain taxpayer comments.  Prior to May 1, the budget is legally adopted by a vote of the City Council through passage of an ordinance.  The budget officer 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. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 29 NOTE 2 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY – Continued DEFICIT FUND BALANCE The following funds had deficit fund balance as of the date of this report: Fund Fox Hill Special Service Area $3,780 Sunflower Special Service Area 31,175 Countryside TIF 549,946 Deficit NOTE 3 – DETAIL NOTES ON ALL FUNDS DEPOSITS AND INVESTMENTS The City maintains a cash and investment pool that is available for use by all funds except the pension trust fund. Each fund type's portion of this pool is displayed on the financial statements as "cash and investments.” In addition, investments are separately held by several of the City's funds. The deposits and investments of the pension trust fund are held separately from those of other funds. Permitted Deposits and Investments – Statutes authorize the City to make deposits/invest in commercial banks, savings and loan institutions, obligations of the U.S. Treasury and U.S. Agencies, obligations of States and their political subdivisions, credit union shares, repurchase agreements, commercial paper rated within the three highest classifications by at least two standard rating services, Illinois Funds and the Illinois Metropolitan Investment Fund (IMET). Illinois Funds and IMET are investment pools managed by the Illinois public Treasurer’s Office which allows governments within the State to pool their funds for investment purposes. Although not registered with the SEC, Illinois Funds and IMET operate in a manner consistent with Rule 2a7 of the Investment Company Act of 1940. Investments in Illinois Funds and IMET are valued at the share price, the price for which the investment could be sold. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 30 NOTE 3 – DETAIL NOTES ON ALL FUNDS DEPOSITS AND INVESTMENTS – Continued The deposits and investments of the Pension Fund are held separately from those of other City funds. Statutes authorize the Pension Fund to make deposits/invest in interest bearing direct obligations of the United States of America; obligations that are fully guaranteed or insured as to the payment of principal and interest by the United States of America; bonds, notes, debentures, or similar obligations of agencies of the United States of America; savings accounts or certificates of deposit issued by banks or savings and loan associations chartered by the United States of America or by the State of Illinois, to the extent that the deposits are insured by the agencies or instrumentalities of the federal government; credit unions, to the extent that the deposits are insured by the agencies or instrumentalities of the federal government; State of Illinois bonds; pooled accounts managed by the Illinois Funds Market Fund (Formerly known as IPTIP, Illinois Public Treasurer’s Investment Pool), or by banks, their subsidiaries or holding companies, in accordance with the laws of the State of Illinois; bonds or tax anticipation warrants of any county, township, or municipal corporation of the State of Illinois; direct obligations of the State of Israel; money market mutual funds managed by investment companies that are registered under the Federal Investment Company Act of 1940 and the Illinois Securities Law of 1953 and are diversified, open-ended management investment companies, provided the portfolio is limited to specified restrictions; general accounts of life insurance companies; and separate accounts of life insurance companies and mutual funds, the mutual funds must meet specific restrictions, provided the investment in separate accounts and mutual funds does not exceed ten percent of the Pension Fund’s plan net position; and corporate bonds managed through an investment advisor, rated as investment grade by one of the two largest rating services at the time of purchase. Pension Funds with plan net position of $2.5 million or more may invest up to forty-five percent of plan net position in separate accounts of life insurance compani es and mutual funds. Pension Funds with plan net position of at least $5 million that have appointed an investment advisor, may through that investment advisor invest up to forty-five percent of the plan net position in common and preferred stocks that meet specific restrictions. In addition, pension funds with plan net position of at least $10 million that have appointed an investment advisor, may invest up to fifty percent of its net position in common and preferred stocks and mutual funds that meet specific restrictions effective July 1, 2011 and up to fifty-five percent effective July 1, 2012. City Interest Rate Risk, Credit Risk, Custodial Credit Risk and Concentration Risk Deposits. At year-end, the carrying amount of the City’s deposits for governmental and business-type activities totaled $13,423,595 and the bank balances totaled $14,375,387. Additionally, the City has $2,898,026 invested in the Illinois Fund at year-end. Interest Rate Risk. Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The City’s investment policy states that a variety of financial instruments and maturities, properly balanced, will help to insure liquidity and reduce risk or interest rate volatility and loss of principal. The policy does not state specific limits in investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. At year-end, the City’s investment in the Illinois Funds have an average maturit y of less than one year. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 31 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued DEPOSITS AND INVESTMENTS – Continued City Interest Rate Risk, Credit Risk, Custodial Credit Risk and Concentration Risk – Continued Credit Risk. Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in management of their own affairs, no for speculation, but for investment, considering the safety of their capital, as well as the probable income to be derived. The standard of prudence to be used by investment officials shall be the ‘prudent person’ standard and shall be applied in the context of managing an overall portfolio. At year-end, the City’s investment in the Illinois Funds is rated AAAm by Standard & Poor’s. Custodial Credit Risk. In the case of deposits, this is the risk that in the event of a bank failure, the City’s deposits may not be returned to it. The City’s investment policy requires that all amounts in excess of any insurance limits be collateralized by approved securities or surety bonds issued by top- rated insurers, having a value of at least 110% of the deposits. Collateral is required as security whenever deposits exceed the insurance limits of the FDIC. Repurchas e agreements must also be collateralized in the amount of 105% of the market value of principal and accrued interest. Collateral shall be held at an independent, third party institution in the name of the City. The third party institution shall comply with all qualifications and requirements asset forth in the Illinois Complied Statutes 30 ILCS 235/6. At year end, all deposits are collateralized. For an investment, this 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 investments or collateral securities that are in the possession of an outside party. At year-end, the City’s investment in the Illinois Funds is not subject to custodial credit risk. Concentration Risk. This is the risk of loss attributed to the magnitude of the City’s investment in a single issuer. The City’s investment policy states that a variety of financial instruments and maturities, properly balanced, will help to insure liquidity and reduce risk or interest rate volatility and loss of principal. Diversifying instruments and maturities will avoid incurring unreasonable risks in the investment portfolio regarding specific security types, issuers or individual financial institutions. The City shall diversify to the best of its ability based on the type of funds invested and the cash flow needs of those funds. The City places no limit on the amount the City may inv est in any one issuer. At year- end, the City’s investment in Illinois Funds represent more than 5 percent of the total cash and investment portfolio. Police Pension Fund Interest Rate Risk, Credit Risk, Custodial Credit Risk and Concentration Risk Deposits. At year-end, the carrying amount of the Fund’s deposits totaled $213,240 and the bank balances totaled $213,240. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 32 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued DEPOSITS AND INVESTMENTS – Continued Police Pension Fund Interest Rate Risk, Credit Risk, Custodial Credit Risk and Concentration Risk – Continued Investments. At year-end, the Fund has the following investments and maturities: Less Than More Than Investment Type 1 1 to 5 6 to 10 10 U.S. Treasuries $2,283,090 241,906 1,123,548 917,636 - U.S. Agencies 859,743 178,257 643,075 - 38,411 Corporate Bonds 473,875 135,551 312,133 26,191 - 3,616,708 555,714 2,078,756 943,827 38,411 Investment Maturities (in Years) Fair Value Interest Rate Risk. The Fund’s investment policy states that the investment portfolio shall remain sufficiently liquid to enable the Fund to meet all operating requirements which may be reasonable anticipated. Credit Risk. Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The Fund helps limit its exposure to credit risk by primarily investing in securities issued by the United States Government and/or its agencies that are implicitly guaranteed by the United States Government. The Pension Fund’s investment policy establishes criteria for allowable investments; those criteria follow the requirements of the Illinois Pension Code. The investments in the securities of U.S. Government Agencies obligations were all rated AAA by Standard & Poor’s or by Moody’s Investors Services. Besides investing in securities issued by agencies of the United States Government, the Pension Fund’s investment policy for reducing credit risk is by the Board conducting its responsibilities with the care, skill and caution under the circumstances then prevailing which a prudent person acting in a like capacity and familiar with those matters would use the conduct of an activity of like character or purpose. Custodial Credit Risk. The Fund’s investment policy requires all deposits in excess of federally insured limits (other than bank managed money market mutual funds) to be no less than 110% of the fair market value and secured by some form of collateral. The Fund will accept (1) United States Treasury Bills, Notes or Bonds, or (2) United States Government Agency Notes or Bonds as authorized by the Public Funds Investment Act but excluding the government sponsored agencies prohibited by the Department of Insurance. At year-end, the entire amount of the bank balance of deposits was covered by collateral, federal depository or equivalent insurance. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 33 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued DEPOSITS AND INVESTMENTS – Continued Police Pension Fund Interest Rate Risk, Credit Risk, Custodial Credit Risk and Concentration Risk – Continued Concentration Risk. This is the risk of loss attributed to the magnitude of the Pension Fund’s investment in a single issuer. The Funds investment policy states the Board should diversify investments to avoid incurring unreasonable risks from the practice of concentrating investments in specific security types and/or individual financial institutions. In addition to the securities and fair values previously listed, the Fund also has $911,956 invested in mutual funds and $2,113,727 invested in common stocks. At year- end, there are no investments (other than U.S. Government and U.S. Government - guaranteed obligations) in any one organization that represent 5 percent or more of net position available for retirement benefits. The Fund’s investment policy in accordance with Illinois Compiled Statutes (ILCS) establishes the following target allocation across asset classes: Long-Term Expected Real Asset Class Target Rate of Return Fixed Income 55% - 100%1.5% - 2.0% Equities 25% - 45%6.3% - 6.6% Real Estate 0% - 5%9.10% Cash and Cash Equivalents 0%0.0% Illinois Compiled Statutes (ILCS) limit the Fund’s investments in equities, mutual funds and variable annuities to 55%. Securities in any one company should not exceed 5% of the total fund. The long-term expected rate of return on the Fund’s investments was determined using an asset allocation study conducted by the Fund’s investment management consultant in May 2016 in which best-estimate ranges of expected future real rates of return (net of pension plan investment expense and inflation) were developed for each major asset class. These ranges were 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 the expected inflation. Best estimates or arithmetic real rates of return for each major asset class included in the Fund’s target asset allocation as of April 30, 2016 are listed in the table above. Rate of Return For the year ended April 30, 2016, the annual money-weighted rate of return on pension plan investments, net of pension plan investment expense, was (0.43%). The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 34 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued CAPITAL ASSETS Governmental Activities Governmental capital asset activity for the year was as follows: Ending Increases Decreases Balances Nondepreciable Capital Assets Land $30,266,179 - - 30,266,179 Construction in Progress 3,835,565 3,095,301 3,237,500 3,693,366 34,101,744 3,095,301 3,237,500 33,959,545 Depreciable Capital Assets Buildings 14,573,556 - - 14,573,556 Equipment 6,719,635 263,909 - 6,983,544 Vehicles 2,357,513 389,439 261,074 2,485,878 Infrastructure 47,177,357 6,208,780 - 53,386,137 70,828,061 6,862,128 261,074 77,429,115 Less Accumulated Depreciation Buildings 3,252,591 291,471 - 3,544,062 Equipment 4,485,513 430,923 - 4,916,436 Vehicles 2,160,704 97,783 261,074 1,997,413 Infrastructure 15,389,022 1,386,829 - 16,775,851 25,287,830 2,207,006 261,074 27,233,762 Total Net Depreciable Capital Assets 45,540,231 4,655,122 - 50,195,353 Total Net Capital Assets 79,641,975 7,750,423 3,237,500 84,154,898 Beginning Balances Depreciation expense was charged to governmental activities as follows: General Government $68,399 Library 182,713 Parks and Recreation 388,258 Public Safety 99,226 Public Works 1,468,410 2,207,006 UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 35 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued CAPITAL ASSETS – Continued Business-Type Activities Business-type capital asset activity for the year was as follows: Ending Increases Decreases Balances Nondepreciable Capital Assets Land $615,376 - - 615,376 Construction in Progress 1,449,577 1,201,653 457,759 2,193,471 2,064,953 1,201,653 457,759 2,808,847 Depreciable Capital Assets Equipment 18,898,799 - - 18,898,799 Vehicles 379,986 - - 379,986 Infrastructure 51,951,967 2,616,483 - 54,568,450 71,230,752 2,616,483 - 73,847,235 Less Accumulated Depreciation Equipment 6,087,922 430,299 - 6,518,221 Vehicles 27,142 54,284 - 81,426 Infrastructure 7,488,918 977,258 - 8,466,176 13,603,982 1,461,841 - 15,065,823 Total Net Depreciable Capital Assets 57,626,770 1,154,642 - 58,781,412 Total Net Capital Assets 59,691,723 2,356,295 457,759 61,590,259 Beginning Balances Depreciation expense was charged to business-type activities as follows: Sewer $616,087 Water 845,754 1,461,841 PROPERTY TAXES Property taxes for 2015 attach as an enforceable lien on January 1, 2016, on property values assessed as of the same date. Taxes are levied by December of the subsequent fiscal year (by passage of a Tax Levy Ordinance). Tax bills are prepared by the County and are payable in two installments, on or about June 1 and September 1. The County collects such taxes and remits them periodically. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 36 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS Interfund Balances The composition of interfund balances as of the date of this report is as follows: Receivable Fund Payable Fund Amount General Nonmajor Governmental $583,333 General Police Pension 4 Parks and Recreation General 125 583,462 The purposes of the significant interfund receivables/payables are as follows:  $583,333 due from the Countryside TIF Fund to the General Fund representing cash borrowings which occurred during the year. Interfund Transfers Interfund transfers for the year consisted of the following: Transfers In Transfers Out Amount General Citywide Capital $7,077 Library General 25,928 Parks and Recreation General 1,076,831 Citywide Capital General 58,060 Nonmajor Governmental General 152,650 Nonmajor Governmental Citywide Capital 5,544 Sewer General 1,134,654 Water Sewer 76,275 2,537,019 The purpose of significant interfund transfers are as follows:  $1,076,831 to the Parks and Recreation Fund to subsidize operations.  $1,134,654 to the Sewer Fund to fund debt service payments on the 2011 Refunding Bonds sourced from Non-Home Rule Sales Taxes. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 37 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT Other Obligations Other Obligations currently outstanding are as follows: Fund Debt Ending Issue Retired by Issuances Retirements Balances Governmental Activities $1,890 - - 1,890 Conover Sewer Recapture owed to John Conover as reimbursement for sewer extension,due in one lump sum payment of $1,890 in fiscal year 2023. Balances Beginning Notes Payable The City enters into notes payable to provide funds for acquisition of capital assets. Notes payable have been issued for the governmental activities. Notes payable are direct obligations and pledge the full faith and credit of the City. Notes payable currently outstanding are as follows: Fund Debt Ending Issue Retired by Issuances Retirements Balances Public Works Capital $744,416 - 40,880 703,536 Citywide Capital 157,491 152,183 75,000 234,674 901,907 152,183 115,880 938,210 Betzwiser Development,LLC Adjustable Rate Note Payable of 2008,due in monthly installments of $6,086,which includes an annualized interest rate of 4.43% through October 1, 2028. Kendall County River Road Bridge Loan Payable of 2013,payable in annual installments equal to one- sixth of the amount borrowed through October 31, 2018. Beginning Balances UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 38 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT – Continued Illinois Environmental Protection Agency (IEPA) Loans Payable The City has entered into loan agreements with the IEPA to provide low interest financing for sewer and water improvements. IEPA loans currently outstanding are as follows: Fund Debt Ending Issue Retired by Issuances Retirements Balances Sewer $451,577 - 95,821 355,756 Water 1,242,927 - 94,545 1,148,382 1,694,504 - 190,366 1,504,138 IEPA (L17-1156300)Loan Payable of 2007,due in semi-annual installments of $28,263 to $61,744 including interest at 2.50%through August 9, 2026. IEPA (L17-115300)Loan Payable of 2000,due in semi-annual installments of $37,166 to $52,832 including interest at 2.625%through September 6, 2019. Beginning Balances 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 issued for business-type activities are reported in the proprietary funds as they are expected to be repaid from proprietary revenues. General obligation bonds are direct obligations and pledge the full faith and credit of the City. General obligation bonds currently outstanding are as follows: UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 39 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT – Continued General Obligation Bonds – Continued Fund Debt Ending Issue Retired by Issuances Retirements Balances Sewer $1,695,000 - 395,000 1,300,000 Countryside 1,600,000 * TIF 1,600,000 - - - Library 675,000 - 50,000 625,000 Water 2,910,000 - 15,000 2,895,000 Sewer 9,805,000 - 715,000 9,090,000 General Obligation Library Bonds of 2006,due in annual installments of $50,000 to $100,000 plus interest at 4.75%to 4.80%through December 30, 2024. General Obligation Refunding Alternate Revenue Source Bonds of 2007A,due in annual installments of $10,000 to $750,000 plus interest at 4.00%to 4.25%through December 30, 2022. General Obligation Refunding Alternate Revenue Source Bonds of 2011,due in annual installments of $660,000 to $1,100,000 plus interest at 4.280%through December 30, 2025. General Obligation Alternate Revenue Source Bonds of 2005,due in annual installments of $165,000 to $300,000 plus interest at 3.50%to 4.35% through December 1, 2024. Beginning General Obligation Alternate Revenue Source Bonds of 2004B, due in annual installments of $120,000 to $455,000 plus interest at 2.50%to 4.00%through December 30, 2018. Balances *Refunded UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 40 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT – Continued General Obligation Bonds – Continued Fund Debt Ending Issue Retired by Issuances Retirements Balances Library $6,015,000 - 485,000 5,530,000 Countryside TIF 1,235,000 - - 1,235,000 Citywide Capital 4,295,000 - 135,000 4,160,000 Debt Service 2,300,000 - 255,000 2,045,000 Water 1,290,000 - 120,000 1,170,000 General Obligation Library Refunding Bonds of 2013,due in annual installments of $155,000 to $730,000 plus interest at 2.00%to 4.00% through December 30, 2024. General Obligation Refunding Alternate Revenue Source Bonds of 2014C,due in annual installments of $120,000 to $140,000 plus interest at 2.00%to 3.00%through December 30, 2024. General Obligation Refunding Alternate Revenue Source Bonds of 2014,due in annual installments of $230,000 to $270,000 plus interest at 4.00%to 4.30%through December 1, 2029. General Obligation Alternate Revenue Source Bonds of 2014A, due in annual installments of $135,000 to $300,000 plus interest at 3.00%to 4.00%through December 1, 2033. General Obligation Refunding Alternate Revenue Source Bonds of 2014B,due in annual installments of $255,000 to $320,000 plus interest at 2.00%to 3.00%through December 30, 2022. Beginning Balances UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 41 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT – Continued General Obligation Bonds – Continued Fund Debt Ending Issue Retired by Issuances Retirements Balances Countryside TIF $- 1,475,000 - 1,475,000 Water - 4,100,000 - 4,100,000 31,820,000 5,575,000 3,770,000 33,625,000 Governmental 16,120,000 1,475,000 2,525,000 15,070,000 Business-Type 15,700,000 4,100,000 1,245,000 18,555,000 31,820,000 5,575,000 3,770,000 33,625,000 General Obligation Alternate Revenue Source Bonds of 2015A, due in annual installments of $100,000 to $475,000 plus interest at 4.00% through December 1, 2034. Beginning Balances Debt Certificates The City issues debt certificates to provide funds for the acquisition and construction of major capital facilities. Debt certificates have been issued for both governmental and business-type activities. Debt Certificates issued for business-type activities are reported in the proprietary funds as they are expected to be repaid from proprietary revenues. Debt certificates currently outstanding are as follows: Fund Debt Ending Issue Retired by Issuances Retirements Balances Sewer $1,055,000 - 110,000 945,000 Water 600,000 - 100,000 500,000 Water 4,210,000 - 435,000 3,775,000 5,865,000 - 645,000 5,220,000 Refunding Debt Certificates of 2006A,due in annual installments of $5,000 to $850,000 plus interest at 4.00%to 4.20%through December 30, 2022. Illinois Rural Bond Bank Debt Certificates of 2003A,due in annual installments of $80,000 to $155,000 plus interest at 1.60%to 5.20% through February 1, 2023. Debt Certificates of 2003,due in annual installments of $100,000 to $300,000 plus interest at 3.80%to 5.00% through December 15, 2018. Beginning Balances UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 42 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT – Continued Long-Term Liability Activity Changes in long-term liabilities during the fiscal year were as follows: Amounts Ending Due within Additions Deductions Balances One Year Governmental Activities Compensated Absences $463,365 193,936 96,968 560,333 112,067 Net Pension Liability IMRF 232,812 715,802 - 948,614 - Police Pension 9,472,387 2,211,804 - 11,684,191 - Notes Payable 901,907 152,183 115,880 938,210 192,728 General Obligation Bonds 16,120,000 1,475,000 2,525,000 15,070,000 1,031,000 Other Obligations 1,890 - - 1,890 - 27,192,361 4,748,725 2,737,848 29,203,238 1,335,795 Business-Type Activities Compensated Absences $78,999 26,214 13,107 92,106 40,998 Net Pension Liability - IMRF 62,190 191,205 - 253,395 - IEPA Loans Payable 1,694,504 - 190,366 1,504,138 195,276 General Obligation Bonds 15,700,000 4,100,000 1,245,000 18,555,000 1,364,000 Debt Certificates 5,865,000 - 645,000 5,220,000 675,000 Developer Agreements 1,942,898 90,611 32,890 2,000,619 - 25,343,591 4,408,030 2,126,363 27,625,258 2,275,274 Balances Beginning Type of Debt as Restated For the governmental activities, the compensated absences and the net pension liability are generally liquidated by the General Fund. The Citywide Capital and the Vehicle and Equipment Funds make payment on the notes payable. General obligation bonds are being liquidated by the Library, Countryside TIF, Citywide Capital and Debt Service Funds. For the business-type activities, the Sewer and Water Funds liquidate compensated absences and the net pension liability. The Sewer and Water Funds are making payments on the IEPA loans payable, general obligation bonds, debt certificates and developer agreements. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 43 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT – Continued Debt Service Requirements to Maturity The annual debt service requirements to maturity, including principal and interest, are as follows: Interest Interest $117,728 30,306 1,031,000 530,218 119,660 28,374 1,076,013 482,394 131,353 26,355 1,132,336 456,260 48,790 24,245 1,224,517 428,078 50,995 22,039 1,287,163 392,324 53,301 19,733 1,342,455 351,324 55,711 17,324 1,396,424 308,612 58,229 14,805 1,131,716 257,493 60,862 12,172 1,175,685 213,574 63,614 9,421 511,889 167,947 66,490 6,545 523,212 149,721 69,496 3,539 550,858 130,806 41,981 622 568,504 108,650 - - 601,150 85,527 - - 343,796 60,671 - - 351,442 46,919 - - 364,088 32,861 - - 376,734 18,297 81,163 3,228 Total 938,210 215,480 15,070,145 4,224,904 2017 2018 2019 2020 2021 2035 2022 2023 2024 2025 2026 2029 2028 2030 2027 2031 2032 2033 2034 Year General Obligation Bonds Principal Notes Payable Principal Governmental Activities Fiscal UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 44 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT – Continued Debt Service Requirements to Maturity – Continued Interest Interest Interest $195,276 36,804 1,364,000 821,501 675,000 224,412 200,313 31,767 1,463,987 702,095 695,000 196,398 205,479 26,601 1,527,664 643,713 925,000 167,088 157,255 21,300 1,940,483 582,901 985,000 127,674 107,049 17,981 2,007,837 503,715 990,000 85,156 109,742 15,288 2,092,545 420,486 540,000 42,316 112,503 12,527 2,168,576 333,746 410,000 18,580 115,333 9,697 1,478,284 245,665 - - 118,235 6,795 1,529,315 185,134 - - 121,209 3,821 1,258,111 122,385 - - 61,744 772 161,788 68,981 - - - - 169,142 62,509 - - - - 176,496 55,743 - - - - 183,850 48,683 - - - - 191,204 41,329 - - - - 198,558 33,681 - - - - 205,912 25,739 - - - - 213,266 17,503 - - - - 223,837 8,972 - - Total 1,504,138 183,353 18,554,855 4,924,481 5,220,000 861,624 2033 2034 2035 2028 2029 2030 2031 2032 2027 2021 2022 2023 2024 2025 2026 2017 2018 2019 2020 Year Principal Principal Principal IEPA General Obligation Debt Loan Payable Bonds CertificatesFiscal Business-Type Activities UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 45 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued LONG-TERM DEBT – Continued Non-Commitment Debt Special service area bonds outstanding as of the date of this report totaled $73,794,000, Kendall Marketplace business district bonds totaled $6,665,000 and Kendall Marketplace sales tax bonds totaled $5,890,000. These bonds are not an obligation of the government and are secured by the levy of an annual tax on the real property within the special service area, business district taxes, and sales taxes, respectively. The government is in no way liable for repayment but is only acting as agent for the property owners in levying/assessing and collecting the tax, and forwarding the collections to bondholders. Legal Debt Margin Chapter 65, Section 5/8-5-1 of the Illinois Compiled Statutes provides, “…no municipality having a population of less than 500,000 shall become indebted in any manner or for any purpose, to an amount, including existing indebtedness in the aggregate exceeding 8.625% on the value of the taxable property therein, to be ascertained by the last assessment for state and county purposes, previous to the incurring of the indebtedness or, until January 1, 1983, if greater, the sum that is produced by multiplying the municipality’s 1978 equalized assessed valuation by the debt limitation percentage in effect on January 1, 1979.” Assessed Valuation - 2015 $421,322,327 Legal Debt Limit - 8.625% of Assessed Value 36,339,051 Amount of Debt Applicable to Limit General Obligation Bonds 13,420,000 Legal Debt Margin 22,919,051 UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 46 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued NET POSITION CLASSIFICATIONS Net investment in capital assets was comprised of the following as of April 30, 2016: Governmental Activities Capital Assets - Net of Accumulated Depreciation $84,154,898 Plus: Unspent Bond Proceeds 2,471,851 Less Capital Related Debt: Notes Payable of 2008 (703,536) Loan Payable of 2013 (234,674) General Obligation Library Bonds of 2006 (625,000) General Obligation Library Refunding Bonds of 2013 (5,530,000) General Obligation Refunding Alternate Revenue Source Bonds of 2014 (1,235,000) General Obligation Refunding Alternate Revenue Source Bonds of 2014A (4,160,000) General Obligation Refunding Alternate Revenue Source Bonds of 2014B (2,045,000) General Obligation Alternate Revenue Source Bonds of 2015A (1,475,000) Loss on Refunding 6,331 Net Investment in Capital Assets 70,624,870 Business-Type Activities Capital Assets - Net of Accumulated Depreciation 61,590,259 Plus: Unspent Bond Proceeds 3,818,298 Less Capital Related Debt: IEPA (L17-115300) Loan Payable of 2000 (355,756) IEPA (L17-1156300) Loan Payable of 2007 (1,148,382) General Obligation Alternate Revenue Source Bonds of 2004B (1,300,000) General Obligation Refunding ARS Bonds of 2007A (2,895,000) General Obligation Refunding Alternate Revenue Source Bonds of 2014C (1,170,000) General Obligation Alternate Revenue Source Bonds of 2015A (4,100,000) Illinois Rural Bond Bank Debt Certificates of 2003 (945,000) Debt Certificates of 2003 (500,000) Refunding Debt Certificates of 2006A (3,775,000) Loss on Refunding 24,676 Gain on Refunding (11,829) Net Investment in Capital Assets 49,232,266 UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 47 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued FUND BALANCE CLASSIFICATIONS In the governmental funds financial statements, the City considers restricted amounts to have been spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available. The City first utilizes committed, then assigned and then unassigned fund balance when an expenditure is incurred for purposes for which all three unrestricted fund balances are available. The following is a schedule of fund balance classifications for the governmental funds as of the date of this report: Capital Projects Parks and Citywide Library Recreation Capital Nonmajor Totals Fund Balances Nonspendable Prepaids $138,312 6,281 20,728 1,600 8,767 175,688 Restricted IMRF 1,216,288 - - - - 1,216,288 Library Operations - 507,881 - - - 507,881 Motor Fuel Tax - - - - 877,074 877,074 Land Cash - - - - 210,318 210,318 Tax Increment Financing Districts - - - - 253,085 253,085 1,216,288 507,881 - - 1,340,477 3,064,646 Committed Parks and Recreation Programs and Facility Improvements - - 480,034 - - 480,034 Assigned Capital Projects - - - 3,002,308 1,841 3,004,149 Unassigned 4,337,106 - - - (584,901)3,752,205 Total Fund Balances 5,691,706 514,162 500,762 3,003,908 766,184 10,476,722 General Special Revenue Assigned Fund Balance. The City reports assigned fund balance in the Citywide Capital (major), and the Vehicle and Equipment (nonmajor) Funds. The Budget Officer, under authority granted in the City’s fund balance policy, has assigned these two funds to future police, public works, parks and recreation improvement projects, equipment and vehicle purchases based on approved Council/management expenditures as determined through the annual budget process. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 48 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued FUND BALANCE CLASSIFICATIONS – Continued Committed Fund Balance. The City reports committed fund balance in the Parks and Recreation Fund, a major fund. Formal City Council action, through the passage of an ordinance, is required to establish, modify or rescind a fund balance co mmitment. The City’s Council, through formal board action as part of the annual budget process, has committed these funds to future park and recreation programs, facilities and improvements. Minimum Fund Balance Policy. The City’s policy states that the General fund should maintain a minimum unrestricted fund balance of no less than 30% of the annual appropriations budget. FUND BALANCE RESTATEMENT Net position was restated due to the implementation of GASB Statement No. 68. The following is a summary of the net position as originally reported and as restated: Increase/ Net Position As Restated (Decrease) Governmental Activities $72,778,916 64,586,667 (8,192,249) Business-Type Activities 48,374,219 48,377,665 3,446 Sewer 25,295,815 25,297,028 1,213 Water 23,078,404 23,080,637 2,233 As Reported NOTE 4 – OTHER INFORMATION RISK MANAGEMENT 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 has purchased insurance from private insurance companies. Risks covered included certain types of liabilities and bonds. Premiums have been displayed as expenditures/expenses in appropriate funds. There were no significant changes in insurance coverages from the prior year and settlements did not exceed insurance coverage in any of the past three fiscal years. CONTINGENT LIABILITIES Litigation The City is a defendant in various lawsuits. Although the outcome of these lawsuits is not presently determinable, in the opinion of the City's attorney, the resolution of these matters will not have a material adverse effect on the financial condition of the City. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 49 NOTE 4 – OTHER INFORMATION – Continued CONTINGENT LIABILITIES – Continued Grants 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 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. COMMITMENTS Agreements with Developers – Governmental Activities Under a Development/Economic Initiative Agreement entered into in March of 2001, the City agreed to reimburse eligible costs associated with a development located at Route 47 and Route 34. Eligible costs of $2,074,833 and accrued interest at 5% are to be reimbursed from 50% of the sales tax generated in the development, limited to a period of eighteen years. Through April 30, 2016, the City has reimbursed $2,223,215, including $175,200 in the current year. All payments have been recorded as an expenditure of the General Fund. Under a Development and Annexation Agreement entered into in July of 2000, amended in October of 2001, the City agreed to reimburse eligible costs associated with a development located at Route 47 and Kennedy Road. Eligible costs of $8,639,334 are to be reimbursed from 50% of the sales tax generated in the development. Through April 30, 2016, the City has reimbursed $2,191,769, including $184,149 in the current year. All payments have been recorded as an expenditure of the General Fund. Under a Development/Economic Initiative Agreement entered into in June of 2002, the City agreed to reimburse eligible costs associated with a development located at Route 34 and Cannonball Trail. Eligible costs of $166,055 and accrued interest at 5% are to be reimbursed from 50% of the sales tax generated in the development, limited to a period of fifteen years. Through April 30, 2016, the City has reimbursed $205,740, including $24,904 in the current year. All payments have been recorded as an expenditure of the General Fund. Under an Annexation Agreement entered into in April of 2006, the City agreed to reimburse eligible costs associated with a development located at Route 47 between Base Line Road and Corneils Road. Eligible costs are to be reimbursed from 55% of City Admissions Taxes collected, limited to a period of ten years. Through April 30, 2016, the City has reimbursed $534,381, including $121,799 in the current year. All payments have been recorded as an expenditure of the General Fund. The agreement was amended in August of 2011 to rebate 100% of admissions tax received by the City from the developer for a period of ten years, and the admissions tax rate was decreased from 5% to 2.75%. The 100% rebate went into effect beginning with the 2013 fiscal year. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 50 NOTE 4 – OTHER INFORMATION – Continued COMMITMENTS – Continued Agreements with Developers – Governmental Activities – Continued Under a Development/Economic Initiative Agreement entered into in January of 2007, the City agreed to reimburse eligible costs associated with a development located at Route 47 and Corneils Road. Eligible costs of $287,392 are to be reimbursed from 50% of the sales tax generated in the development, limited to a period of twenty years. Through April 30, 2016, the City has reimbursed $23,404, including $0 in the current year. All payments have been recorded as an expenditure of the General Fund. Under a Development Agreement entered into in June of 2007, the City agreed to create a business district in the area around Route 34 and Cannonball Trail. Under the agreement, 50% of sales tax and 100% of the business district tax generated in the district are remitted by the City to an escrow agent to pay the debt service on the Special Service Area Revenue Bonds of 2007. The bonds are secured solely by the pledged revenues and are not obligations of the City and are therefore not recorded on the City’s books. All payments have been recorded as an expenditure of the General Fund. Expenditures in the current year were $454,680 for sales taxes and $350,589 in business district taxes. In February of 2011, the City amended a Development/Economic Initiative Agreement dated April 2007. Under the original agreement, the City agreed to reimburse 20% of eligible costs associated with a development located at Route 47 and Fountainview Drive from 50% of the sales tax generated in the development, limited to a period of twenty years. Under the amended agreement, the City will hold the sales tax rebates in an escrow account until certain land improvements has been completed. Through April 30, 2016, the City is holding $10,425 in escrow. No reimbursements have yet been made. Under a Development/Economic Initiative Agreement entered into on December 22, 2011 the City agreed to reimburse eligible costs associated with a development located west of Route 47 and north of Cannonball Trail on Boombah Boulevard. Through April 30, 2016, the City has reimbursed $30,894, including $11,710 in the current year. All payments have been recorded as an expenditure of the General Fund. Under development agreements entered into in April 2012, the City agreed to reimburse eligible costs associated with a development located at within the Downtown TIF district. Eligible costs are to be reimbursed from 85% of the incremental property tax and 100% of the business district tax generated in the development, through December 31, 2029. Through April 30, 2016, the City has reimbursed $15,223 in incremental property taxes and $6,879 in business district taxes. Incremental property tax payments have been recorded as an expenditure of the Downtown TIF Fund and the Business District Tax Rebates have been recorded as an expenditure of the General Fund. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 51 NOTE 4 – OTHER INFORMATION – Continued COMMITMENTS – Continued Agreements with Developers – Governmental Activities – Continued Under a Development/Economic Initiative Agreement entered into on September 18, 2012 the City agreed to reimburse eligible costs associated with a development located at 704 East Veterans Parkway. Eligible costs of $30,740 are to be reimbursed from 50% of the sales tax generated in the development, limited to a period of ten years. Through April 30, 2016, the City has reimbursed $13,456, including $3,609 in the current year. All payments have been recorded as an expenditure of the General Fund. Under a development agreement entered into in May 2013, the City agreed to reimburse eligible costs associated with a development located at Route 34 and Route 47 in the Countryside TIF district. Eligible costs are to be reimbursed from 50% of the amusement tax and 1 00% of the business district tax generated in the development, limited to a period of 10 years. Through April 30, 2016, the City has reimbursed $60,628 in amusement taxes and $11,431 in business district taxes. Amusement tax rebate expenditures have been recorded in the General Fund of $60,628 and Business District rebate expenditures have been recorded in the General Fund of $368,899. Agreements with Developers – Business-Type Activities Under an agreement entered into in December of 2002, the City and developer of the Raintree Village subdivision agreed to reimburse the costs of sanitary sewer over-sizing within the development. The amount of eligible expenses to be reimbursed by the City totals $1,154,718, of which $1,028,121 has been paid through April 30, 2016. The remaining balance, $131,049, is subject to interest based on the twelve month LIBOR. Annual sewer charges assessed on the residents of the subdivision are earmarked to repay this obligation. The related sanitary sewer infrastructure was accepted by the City as an asset in December of 2007. This amount is recorded in the Sewer Fund. Under a reimbursement agreement entered into in August of 2003, the City and the developer of the Fox Hill subdivision agreed to reimburse eligible costs associated with the construction and over-sizing of water and sewer infrastructure lines within the area. Eligible costs are to be paid to the developer within twenty years of the agreement. This agreement was amended in April 2006 to include additional costs. Total eligible costs remain as of April 30, 2016 are $807,847, which accrues compounded interest of 5% annually. Interest for a portion of eligible costs was computed back to January 1, 1995. Total interest to date is $911,574. The amount recorded as a liability, including interest, as of April 30, 2016 is $1,869,569. 52% of this amount is recorded in the Water Fund. The remaining 48% of this amount is recorded in the Sewer Fund. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 52 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS The City contributes to two defined benefit pension plans, the Illinois Municipal Retirement Fund, a defined benefit agent multiple-employer public employee retirement system and the Police Pension Plan which is a single-employer pension plan. A separate report is issued for the Police Pension Plan and may be obtained by writing to the City at 800 Game Farm Road, Yorkville, Illinois 60560. IMRF does issue a publicly available financial report that includes financial statements and required supplementary information for the plan as a whole, but not by individual employer. That report may be obtained on-line at www.imrf.org. The benefit, benefit levels, employee contributions, and employer contributions are governed by Illinois Compiled Statutes (ILCS) and can only be amended by the Illinois General Assembly. Illinois Municipal Retirement (IMRF) Plan Descriptions Plan Administration. All employees (other than those covered by the Police Pension Plan) hired in positions that meet or exceed the prescribed annual hourly standard must be enrolled in IMRF as participating members. 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. Benefits Provided. IMRF has three benefit plans. The vast majority of IMRF members participate in the Regular Plan (RP). The Sheriff’s Law Enforcement Personnel (SLEP) plan is for sheriffs, deputy sheriffs, and selected police chiefs. Counties could adopt the Elected County Official (ECO) plan for officials elected prior to August 8, 2011 (the ECO plan was closed to new participants after that date). IMRF provides two tiers of pension benefits. Employees hired before January 1, 2011, are eligible for Tier 1 benefits. Tier 1 employees are vested for pension benefits when they have at least eight years of qualifying service credit. Tier 1 employees who retire at age 55 (at reduced benefits) or after age 60 (at full benefits) with eight years of service are entitled to an annual retirement benefit, payable monthly for life, in an amount equal to 1-2/3% of the final rate of earnings for the first 15 years of service credit, plus 2% for each year of service credit after 15 years to a maximum of 75% of their final rate of earnings. Final rate of earnings is the highest total earnings during any consecutive 48 months within the last 10 years of service, divided by 48. Under Tier 1, the pension is increased by 3% of the original amount on January 1 every year after retirement. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 53 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Illinois Municipal Retirement (IMRF) – Continued Plan Descriptions – Continued Benefits Provided – Continued. 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 employees who retire at age 62 (at reduced benefits) or after age 67 (at full benefits) with ten years of service are entitled to an annual retirement benefit, payable monthly for life, in an amount equal to 1-2/3% of the final rate of earnings for the first 15 years of service credit, plus 2% for each year of service credit after 15 years to a maximum of 75% of their final rate of earnings. Final rate of earnings is the highest total earnings during any 96 consecutive months within the last 10 years of service, divided by 96. Under Tier 2, the pension is increased on January 1 every year after retirement, upon reaching age 67, by the lesser of:  3% of the original pension amount, or  1/2 of the increase in the Consumer Price Index of the original pension amount. Plan Membership. As of December 31, 2015, the measurement date, the following employees were covered by the benefit terms: Inactive Plan Members Currently Receiving Benefits 34 Inactive Plan Members Entitled to but not yet Receiving Benefits 57 Active Plan Members 45 Total 136 Contributions. As set by statute, the City’s Regular Plan Members are required to contribute 4.5% of their annual covered salary. The statute requires employers to contribute the amount necessary, in addition to member contributions, to finance the retirement coverage of its own employees. The City’s annual contribution rate for calendar year 2015 was 10.91% of covered payroll . Net Pension Liability. The City’s net pension liability was measured as of December 31, 2015. The total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 54 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Illinois Municipal Retirement (IMRF) – Continued Plan Descriptions – Continued Actuarial Assumptions. The total pension liability was determined by an actuarial valuation performed, as of December 31, 2015, using the following actuarial methods and assumptions: Actuarial Valuation Date 12/31/2015 Actuarial Cost Method Entry Age Normal Asset Valuation Method Market Actuarial Assumptions Interest Rate 7.50% Salary Increases 3.75% to 14.50% Cost of Living Adjustments 2.75% Inflation 2.75% For nondisabled retirees, an IMRF specific mortality table was used with fully generational projection scale MP-2014 (base year 2014). IMRF specific rates were developed from the RP-2014 Blue Collar Health Annuitant Mortality Table with adjustments to match current IMRF experience. For disabled retirees, an IMRF specific mortality tables was used with fully generational projection scale MP-2014 (base year 2014). IMRF specific rates were developed from the RP-2014 Disabled Retirees Mortality Table applying the same adjustment that were applied for nondisabled lives. For active members, an IMRF specific mortality table was used with fully generational projection scale MP-2014 (base year 2014). IMRF specific rates were developed from the RP-2014 Employee Mortality Table with adjustments to match current IMRF experience. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 55 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Illinois Municipal Retirement (IMRF) – Continued Discount Rate The discount rate used to measure the total pension liability was 7.50%, the same as the prior valuation. 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 City contribution s will be made at rates equal to the difference between the actuarially determined contribution rates and the member rate. Based on those assumptions, the Fund’s fiduciary net position was projected to be available to make all project future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all period of projected benefit payments to determine the total pension liability. Discount Rate Sensitivity The following presents the plan’s net pension liability, calculated using a Single Discount Rate of 7.50%, as well as what the plan’s net pension liability would be if it were calculated using a Single Discount Rate that is 1% lower or 1% higher: Current Discount Rate 1% Increase (7.50%)(8.50%) Net Pension Liability $3,072,341 1,202,009 (280,704) 1% Decrease (6.50%) UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 56 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Illinois Municipal Retirement (IMRF) – Continued Changes in the Net Pension Liability Plan Fiduciary Net Pension Net Position Liability (B) (A) - (B) Balances at December 31, 2014 $10,191,193 9,896,191 295,002 Changes for the Year: Service Cost 303,003 - 303,003 Interest on the Total Pension Liability 764,628 - 764,628 Difference Between Expected and Actual Experience of the Total Pension Liability 40,167 - 40,167 Changes of Assumptions - - - Contributions - Employer - 311,346 (311,346) Contributions - Employees - 129,289 (129,289) Net Investment Income - 49,844 (49,844) Benefit Payments, including Refunds of Employee Contributions (295,309)(295,309)- Other (Net Transfer)- (289,688)289,688 Net Changes 812,489 (94,518)907,007 Balances at December 31, 2015 11,003,682 9,801,673 1,202,009 Total (A) Pension Liability UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 57 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Illinois Municipal Retirement (IMRF) – Continued Pension Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources Related to Pensions For the year ended April 30, 2016, the City recognized pension expense of $546,759. At April 30, 2016, the City reported deferred outflows or resources and deferred inflows of resources related to pensions from the following sources: Deferred Inflows of Resources Totals Difference Between Expected and Actual Experience $31,322 - 31,322 Change in Assumptions - - - Net Difference Between Projected and Actual Earnings on Pension Plan Investments 549,566 - 549,566 Pension Contributions Made Subsequent to the Measurement Date 90,706 - 90,706 Total Deferred Amounts Related to IMRF 671,594 - 671,594 Deferred Outflows of Resources Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense in future periods as follows: Net Deferred Fiscal Outflows Year of Resources 2016 $236,942 2017 146,236 2018 146,236 2019 142,180 2020 - Thereafter - Total 671,594 UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 58 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Police Pension Plan Plan Descriptions Plan Administration. The Police Pension Plan is a single-employer defined benefit pension plan that covers all sworn police personnel. The defined benefits and employee and minimum employer contribution levels are governed by Illinois Compiled Statutes (40 ILCS 5/3 -1) and may be amended only by the Illinois legislature. The City accounts for the Fund as a pension trust fund. The Fund is governed by a five-member pension board. Two members of the Board are appointed by the City Mayor, one member is elected by pension beneficiaries and two members are elected by active police employees. Plan Membership. At April 30, 2016, the measurement date, membership consisted of the following: Inactive Plan Members Currently Receiving Benefits 6 Inactive Plan Members Entitled to but not yet Receiving Benefits 1 Active Plan Members 30 Total 37 Benefits Provided. The following is a summary of the Police Pension Plan as provided for in Illinois State Statutes. The Police Pension Plan provides retirement benefits through two tiers of benefits as well as death and disability benefits. Covered employees hired before January 1, 2011 (Tier 1), attaining the age of 50 or older with 20 or more years of creditable service are entitled to receive an annual retirement benefit of ½ of the salary attached to the rank held on the last day of service, or for one year prio r to the last day, whichever is greater. The annual benefit shall be increased by 2.5 percent of such salary for each additional year of service over 20 years up to 30 years, to a maximum of 75 percent of such salary. Employees with at least eight years but less than 20 years of credited service may retire at or after age 60 and receive a reduced benefit. The monthly benefit 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 be paid upon reaching the age of at least 55 years, by 3 percent of the original pension and 3 percent compounded annually thereafter. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 59 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Police Pension Plan – Continued Plan Descriptions – Continued Benefits Provided – Continued. Covered employees hired on or after January 1, 2011 (Tier 2), attaining the age of 55 or older with 10 or more years of creditable service are entitled to receive an annual retirement benefit equal to 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 officer salary for the pension purposes is capped at $106,800, plus the lesser of ½ of the annual change in the Consumer Price Index or 3 percent compounded. The annual benefit shall be increased by 2.5 percent of such a salary for each additional year of service over 20 years up to 30 years to a maximum of 75 percent of such salary. Employees with at least 10 years may retire at or after age 50 and receive a reduced benef it (i.e., ½ percent 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 office 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 percent of ½ of the change in the Consumer Price Index for the proceeding calendar year. Contributions. 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 plan and the administrative costs as actuarially determined by an enrolled actuary. However, effective January 1, 2011, ILCS requires the City to contribute a minimum amount annually calculated using the projected unit credit actuarial cost method that will result in the funding of 90% of the past service cost by the year 2040. For the year-ended April 30, 2016, the City’s contribution was 31.50% of covered payroll. Concentrations. At year end, the Pension Plan did not have any investments (other than U.S. Government and U.S. Government-guaranteed obligations) in any one organization that represent 5 percent or more of net position available for benefits. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 60 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Police Pension Plan – Continued Actuarial Assumptions The total pension liability was determined by an actuarial valuation performed, as of April 30, 2016, using the following actuarial methods and assumptions: Actuarial Valuation Date 4/30/2016 Actuarial Cost Method Entry Age Normal Asset Valuation Method Market Actuarial Assumptions Interest Rate 7.00% Salary Increases 5.00% Cost of Living Adjustments 2.50% Inflation 2.50% Mortality rates were based on the RP-2014 Mortality Table (BCHA) projected to 2016 using improvement scale MP-2015. The actuarial assumptions used in the April 30, 2016 valuation were based on the results of an actuarial experience study conducted by the Illinois Department of Insurance dated September 26, 2012. Discount Rate The discount rate used to measure the total pension liability was 7.00%, the same as the prior valuation. 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 City contributions will be made at rates equal to the difference between the actuarially determined contribution rates and the member rate. Based on those assumptions, the Fund’s fiduciary net position was projected to be available to make all project future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all period of projected benefit payments to determine the total pension liability. UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 61 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Police Pension Plan – Continued Discount Rate Sensitivity The following is a sensitive analysis of the net pension liability to changes in the discount rate. The table below presents the pension liability of the City calculated using the discount rate as well as what the City’s net pension liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate: Current Discount Rate 1% Increase (7.00%)(8.00%) Net Pension Liability $14,744,597 11,684,191 9,223,326 (6.00%) 1% Decrease Changes in the Net Pension Liability Plan Fiduciary Net Pension Net Position Liability (B) (A) - (B) Balances at April 30, 2015 $15,895,133 6,422,746 9,472,387 Changes for the Year: Service Cost 576,907 - 576,907 Interest on the Total Pension Liability 1,097,143 - 1,097,143 Difference Between Expected and Actual Experience of the Total Pension Liability 322,766 - 322,766 Changes of Assumptions 1,116,723 - 1,116,723 Contributions - Employer - 722,940 (722,940) Contributions - Employees - 222,736 (222,736) Net Investment Income - (30,493)30,493 Benefit Payments, including Refunds of Employee Contributions (443,314)(443,314)- Other (Net Transfer)- (13,448)13,448 Net Changes 2,670,225 458,421 2,211,804 Balances at April 30, 2016 18,565,358 6,881,167 11,684,191 Total (A) Pension Liability UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 62 NOTE 4 – OTHER INFORMATION – Continued EMPLOYEE RETIREMENT SYSTEM – DEFINED BENEFIT PENSION PLANS – Continued Police Pension Plan – Continued Pension Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources Related to Pensions For the year ended April 30, 2016, the City recognized pension expense of $1,289,097. At April 30, 2016, the City reported deferred outflows of r esources and deferred inflows of resources related to pensions from the following sources: Deferred Inflows of Resources Totals Difference Between Expected and Actual Experience $266,140 - 266,140 Change in Assumptions 920,806 - 920,806 Net Difference Between Projected and Actual Earnings on Pension Plan Investments 397,756 - 397,756 Total Deferred Amounts Related to Police Pension 1,584,702 - 1,584,702 Deferred Outflows of Resources Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense in future periods as follows: Net Deferred Fiscal Outflows Year of Resources 2017 $351,983 2018 351,983 2019 351,983 2020 351,979 2021 176,774 Thereafter - Total 1,584,702 UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2016 63 NOTE 4 – OTHER INFORMATION – Continued OTHER POST-EMPLOYMENT BENEFITS The City has evaluated its potential other post-employment benefits liability. Typically, former employees who choose to retain their rights to health insurance through the City are required to pay 100% of the current premium. As the implicit cost of this retirees paying 100% of the premium is immaterial, there is no implicit subsidy to calculate in accordance with GASB Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions. Therefore, the City has not recorded any postemployment benefit liability as of April 30, 2016. • Schedule of Employer Contributions Illinois Municipal Retirement Fund Police Pension Fund • Schedule of Changes in the Employer’s Net Pension Liability Illinois Municipal Retirement Fund Police Pension Fund • Schedule of Investment Returns Police Pension Fund • Budgetary Comparison Schedule General Fund Library – Special Revenue Fund Parks and Recreation – Special Revenue Fund Notes to the Required Supplementary Information REQUIRED SUPPLEMENTARY INFORMATION Required supplementary information includes financial information and disclosures that are required by the GASB but are not considered a part of the basic financial statements. Such information includes: Budgetary Information –Budgets are adopted on a basis consistent with generally accepted accounting principles. UNITED CITY OF YORKVILLE, ILLINOIS Illinois Municipal Retirement Fund Required Supplementary Information Schedule of Employer Contributions April 30, 2016 Contributions as a Percentage of Calendar Covered-Employee Year Payroll 2015 $311,346 $311,346 $- $2,853,781 10.91% Notes to the Required Supplementary Information: Actuarial Valuation Date December 31, 2015 Actuarial Cost Method Entry Age Normal Amortization Method Level % Pay (Closed) Remaining Amortization Period 28 Years Asset Valuation Method 5-Year Smoothed Market Inflation 2.75% Salary Increases 4.4% - 16.0% Investment Rate of Return 7.5% Retirement Age See the Notes to the Financial Statements Mortality RP-Combined Healthy Mortality Table Note: This schedule is intended to show information for ten years and additional year's information will be displayed as it becomes available. Contributions Contribution Determined Actuarially Covered- Employee Payroll(Deficiency) Excess/ Contribution Contribution Determined the Actuarially in Relation to 64 UNITED CITY OF YORKVILLE, ILLINOIS Police Pension Fund Required Supplementary Information Schedule of Employer Contributions April 30, 2016 Contributions as a Percentage of Fiscal Covered-Employee Year Payroll 2015 $571,437 $624,168 $52,731 $2,220,146 28.11% 2016 722,940 722,940 - 2,294,948 31.50% Notes to the Required Supplementary Information: Actuarial Valuation Date April 30, 2016 Actuarial Cost Method Entry Age Normal Amortization Method Level % Pay (Closed) Remaining Amortization Period 25 Years Asset Valuation Method Market Value Inflation 3.0% Salary Increases 5.0% Investment Rate of Return 7.0% Retirement Age 50 - 70 Mortality RP 2014 projected to 2016 Note: This schedule is intended to show information for ten years and additional year's information will be displayed as it becomes available. in Relation to Contributions Payroll Covered- Employee (Deficiency) Excess/ Contribution Contribution Determined Actuarially Contribution Determined the Actuarially 65 UNITED CITY OF YORKVILLE, ILLINOIS Illinois Municipal Retirement Fund Required Supplementary Information Schedule of Changes in the Employer's Net Pension Liability April 30, 2016 Total Pension Liability Service Cost $303,003 Interest 764,628 Changes in Benefit Terms - Differences Between Expected and Actual Experience 40,167 Change of Assumptions - Benefit Payments, Including Refunds of Member Contributions (295,309) Net Change in Total Pension Liability 812,489 Total Pension Liability - Beginning 10,191,193 Total Pension Liability - Ending 11,003,682 Plan Fiduciary Net Position Contributions - Employer $311,346 Contributions - Members 129,289 Contributions - Other - Net Investment Income 49,844 Benefit Payments, Including Refunds of Member Contributions (295,309) Administrative Expense (289,688) Net Change in Plan Fiduciary Net Position (94,518) Plan Net Position - Beginning 9,896,191 Plan Net Position - Ending 9,801,673 Employer's Net Pension Liability $1,202,009 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 89.1% Covered-Employee Payroll $2,853,781 Employer's Net Pension Liability as a Percentage of Covered-Employee Payroll 42.1% Note: 2015 December 31, This schedule is intended to show information for ten years and additional year's information will be displayed as it becomes available. 66 UNITED CITY OF YORKVILLE, ILLINOIS Police Pension Fund Required Supplementary Information Schedule of Changes in the Employer's Net Pension Liability April 30, 2016 Total Pension Liability Service Cost $522,029 576,907 Interest 986,212 1,097,143 Differences Between Expected and Actual Experience (483,445) 322,766 Change of Assumptions 999,313 1,116,723 Benefit Payments, Including Refunds of Member Contributions (435,435) (443,314) Net Change in Total Pension Liability 1,588,674 2,670,225 Total Pension Liability - Beginning 14,306,459 15,895,133 Total Pension Liability - Ending 15,895,133 18,565,358 Plan Fiduciary Net Position Contributions - Employer $624,168 722,940 Contributions - Members 214,237 222,736 Net Investment Income 343,590 (30,493) Benefit Payments, Including Refunds of Member Contributions (435,435) (443,314) Administrative Expense (14,285) (13,448) Net Change in Plan Fiduciary Net Position 732,275 458,421 Plan Net Position - Beginning 5,690,471 6,422,746 Plan Net Position - Ending 6,422,746 6,881,167 Employer's Net Pension Liability $9,472,387 11,684,191 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 40.41%37.06% Covered-Employee Payroll $2,220,146 2,294,948 Employer's Net Pension Liability as a Percentage of Covered-Employee Payroll 426.66%509.13% Note: 2015 2016 This schedule is intended to show information for ten years and additional year's information will be displayed as it becomes available. 67 UNITED CITY OF YORKVILLE, ILLINOIS Police Pension Fund Required Supplementary Information Schedule of Investment Returns April 30, 2016 Annual Money- Weighted Rate of Return, Net Fiscal of Investment Year Expense 2015 5.89% 2016 (0.43%) Note: This schedule is intended to show information for ten years and additional year's information will be displayed as it becomes available. 68 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Taxes $10,229,937 10,229,937 10,330,920 Intergovernmental 2,178,100 2,178,100 2,311,979 Licenses, Permits and Fees 198,000 198,000 213,451 Charges for Services 1,319,950 1,319,950 1,401,384 Fines and Forfeitures 160,250 160,250 123,639 Interest 4,000 4,000 6,395 Miscellaneous 107,900 107,900 134,943 Total Revenues 14,198,137 14,198,137 14,522,711 Expenditures General Government 4,002,313 4,002,313 3,763,313 Public Safety 4,978,431 4,978,431 4,673,413 Community Development 685,228 685,228 649,507 Public Works 2,084,907 2,084,907 2,129,784 Total Expenditures 11,750,879 11,750,879 11,216,017 Excess (Deficiency) of Revenues Over (Under) Expenditures 2,447,258 2,447,258 3,306,694 Other Financing Sources (Uses) Transfers In 2,500 2,500 7,077 Transfers Out (2,439,756)(2,439,756)(2,448,123) (2,437,256)(2,437,256)(2,441,046) Net Change in Fund Balance 10,002 10,002 865,648 Fund Balance - Beginning 4,826,058 Fund Balance - Ending 5,691,706 Budget Original 69 UNITED CITY OF YORKVILLE, ILLINOIS Library - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Taxes $1,384,846 1,384,846 1,369,150 Intergovernmental 22,450 22,450 26,475 Licenses, Permits and Fees 20,000 20,000 36,100 Charges for Services 11,500 11,500 9,191 Fines and Forfeits 9,300 9,300 8,081 Interest 1,550 1,550 565 Miscellaneous 7,500 7,500 5,250 Total Revenues 1,457,146 1,457,146 1,454,812 Expenditures Library 725,827 725,827 694,441 Debt Service Principal Retirement 535,000 535,000 535,000 Interest and Fiscal Charges 217,036 217,036 216,534 Total Expenditures 1,477,863 1,477,863 1,445,975 Excess (Deficiency) of Revenues Over (Under) Expenditures (20,717)(20,717)8,837 Other Financing Sources Transfers In 34,168 34,168 25,928 Net Change in Fund Balance 13,451 13,451 34,765 Fund Balance - Beginning 479,397 Fund Balance - Ending 514,162 Budget Original 70 UNITED CITY OF YORKVILLE, ILLINOIS Parks and Recreation - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Charges for Services $325,000 325,000 408,469 Grants and Donations 5,000 5,000 18,917 Interest 400 400 366 Miscellaneous 176,000 176,000 213,676 Total Revenues 506,400 506,400 641,428 Expenditures Parks and Recreation Park Operations 912,004 912,004 894,561 Recreation Operations 883,936 883,936 880,473 Total Expenditures 1,795,940 1,795,940 1,775,034 Excess (Deficiency) of Revenues Over (Under) Expenditures (1,289,540)(1,289,540)(1,133,606) Other Financing Sources Transfers In 1,076,831 1,076,831 1,076,831 Net Change in Fund Balance (212,709)(212,709)(56,775) Fund Balance - Beginning 557,537 Fund Balance - Ending 500,762 Budget Original 71 Such statements and schedules include: • Budgetary Comparison Schedules – Major Governmental Funds • Combining Statements – Nonmajor Governmental Funds • Budgetary Comparison Schedules – Nonmajor Governmental Funds • Budgetary Comparison Schedules – Enterprise Funds • Combining Statement of Changes in Assets and Liabilities – Agency Funds OTHER SUPPLEMENTARY INFORMATION Other supplementary information includes financial statements and schedules not required by the GASB,nor a part of the basic financial statements, but are presented for purposes of additional analysis. MAJOR GOVERNMENTAL FUNDS GENERAL FUND The General Fund accounts for all financial resources except those required to be accounted for in another fund. SPECIAL REVENUE FUND Capital Projects Funds are created to account for all resources used for the acquisition of capital facilities by a governmental unit except those financed by Proprietary Funds. Citywide Capital Fund The Citywide Capital Fund is used to account for financial resources accumulated for maintenance of public infrastructure and to fund new capital improvements that benefit the public. Special Revenue Funds are created to account for the proceeds of specific revenue sources (other than fiduciary funds or capital project funds) that are legally restricted to expenditure for specified purposes. Library Fund The Library Fund is used to account for the activity relating to the Yorkville Public Library. Parks and Recreation Fund The Parks and Recreation Fund is used to account for the revenues and expenditures associated with the Yorkville’s Parks and Recreation departments. CAPITAL PROJECTS FUND UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Revenues - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Taxes Property Tax $3,016,677 3,016,677 2,981,426 Sales Tax 2,751,960 2,751,960 2,778,116 Non-Home Rule Sales Tax 2,142,000 2,142,000 2,126,851 Municipal Utility Tax 870,000 870,000 896,635 Excise Tax 426,500 426,500 402,179 Cable TV Franchise Tax 230,000 230,000 286,944 Hotel Tax 70,000 70,000 80,422 Video Gaming Tax 45,000 45,000 74,734 Admissions and Amusement Tax 280,000 280,000 323,015 Business District Tax 386,800 386,800 368,899 Auto Rental Tax 11,000 11,000 11,699 10,229,937 10,229,937 10,330,920 Intergovernmental State Income Taxes 1,610,000 1,610,000 1,715,155 State Use Tax 346,800 346,800 390,605 Township Road and Bridge Tax 175,000 175,000 148,223 Personal Property Replacement Tax 16,000 16,000 16,065 Federal Grants 10,000 10,000 17,726 State Grants 19,000 19,000 23,343 Miscellaneous 1,300 1,300 862 2,178,100 2,178,100 2,311,979 Licenses, Permits and Fees Liquor Licenses 45,000 45,000 46,442 Other Licenses 3,000 3,000 3,902 Building Permits 150,000 150,000 163,107 198,000 198,000 213,451 Charges for Services Garbage Surcharge 1,169,450 1,169,450 1,241,963 Collection Fees - Sanitary District 150,000 150,000 153,292 Police Special Detail 500 500 6,129 1,319,950 1,319,950 1,401,384 Budget Original 72 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Revenues - Budget and Actual - Continued For the Fiscal Year Ended April 30, 2016 Final Actual Fines and Forfeitures Circuit Court Fines $45,000 45,000 43,063 Administrative Adjudication 35,000 35,000 24,406 Police Tows 80,000 80,000 55,950 Other 250 250 220 160,250 160,250 123,639 Interest Investment Income 4,000 4,000 6,395 Miscellaneous Reimbursements Legal - - 1,521 Engineering 50,000 50,000 15,196 Liability Insurance 5,000 5,000 32,294 Cable Consortium 20,000 20,000 21,030 Other 5,000 5,000 42,983 Miscellaneous Income 27,900 27,900 21,919 107,900 107,900 134,943 Total Revenues 14,198,137 14,198,137 14,522,711 Budget Original 73 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Expenditures - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual General Government Administration $749,942 749,942 688,820 Finance 388,506 388,506 376,559 Administrative Services 2,863,865 2,863,865 2,697,934 4,002,313 4,002,313 3,763,313 Public Safety Police Department 4,978,431 4,978,431 4,673,413 Community Development Building and Zoning 685,228 685,228 649,507 Public Works Streets Operations 895,457 895,457 890,084 Health and Sanitation 1,189,450 1,189,450 1,239,700 2,084,907 2,084,907 2,129,784 Total Expenditures 11,750,879 11,750,879 11,216,017 Budget Original 74 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Detailed Expenditures - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual General Government Administration Salaries - Mayor $11,000 11,000 9,735 Salaries - Liquor Commissioner 1,000 1,000 1,000 Salaries - City Clerk 11,000 11,000 6,935 Salaries - City Treasurer 6,500 6,500 1,000 Salaries - Alderman 52,000 52,000 48,690 Salaries - Administrative 308,487 308,487 317,586 Part Time Salaries 30,000 30,000 3,683 Overtime 500 500 - Retirement Plan Contribution 42,886 42,886 36,387 FICA Contribution 31,014 31,014 25,422 Group Health Insurance 85,972 85,972 81,786 Group Life Insurance 1,006 1,006 496 Dental Insurance 5,139 5,139 5,476 Vision Insurance 549 549 782 Tuition Reimbursement - - 3,216 Training and Conferences 5,100 5,100 5,440 Travel and Lodging 11,000 11,000 8,241 Printing and Duplicating 5,500 5,500 1,262 Publishing and Advertising 1,000 1,000 2,890 Telecommunications 20,000 20,000 13,620 Filing Fees 500 500 49 Codification 5,000 5,000 12,002 Postage and Shipping 4,000 4,000 2,418 Dues and Subscriptions 17,000 17,000 15,869 Professional Services 14,000 14,000 18,739 Kendall County Paratransit 25,000 25,000 23,550 Utilities 23,039 23,039 14,862 Rental and Lease Purchase 2,400 2,400 2,224 Office Cleaning 17,500 17,500 14,836 Office Supplies 11,000 11,000 10,574 Computer Equipment and Software 850 850 50 749,942 749,942 688,820 Finance Salaries and Wages 217,491 217,491 218,467 Retirement Plan Contribution 24,196 24,196 24,017 FICA Contribution 16,462 16,462 16,643 Budget Original 75 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Detailed Expenditures - Budget and Actual - Continued For the Fiscal Year Ended April 30, 2016 Final Actual General Government - Continued Finance - Continued Group Health Insurance $33,854 33,854 28,500 Group Life Insurance 336 336 368 Dental Insurance 5,017 5,017 5,385 Vision Insurance 500 500 657 Training and Conferences 2,500 2,500 3,167 Auditing Services 36,300 36,300 33,000 Travel and Lodging 1,500 1,500 274 Printing and Duplicating 4,300 4,300 2,853 Telecommunications 1,200 1,200 1,153 Postage and Shipping 1,200 1,200 1,104 Dues and Subscriptions 800 800 528 Professional Services 37,000 37,000 35,714 Rental and Lease Purchase 2,250 2,250 2,079 Office Supplies 2,600 2,600 2,650 Computer Equipment and Software 1,000 1,000 - 388,506 388,506 376,559 Administrative Services Police Special Detail Wages 500 500 6,129 Unemployment Insurance 20,000 20,000 18,460 Liability Insurance 265,000 265,000 279,135 Group Health Insurance - Retirees 37,570 37,570 27,988 Dental Insurance - Retirees 972 972 1,052 Vision Insurance - Retirees 120 120 160 Utility Tax Rebate 14,375 14,375 - PPRT Tax Rebate - - 2,045 Amusement Tax Rebate 50,000 50,000 60,628 Kencom 100,000 100,000 72,679 Information Technology Services 99,225 99,225 50,875 Corporate Counsel 121,275 121,275 88,017 Litigation Counsel 120,000 120,000 166,659 Special Counsel 25,000 25,000 19,767 Engineering Services 465,000 465,000 368,071 Cable Consortium Fee 85,000 85,000 86,054 Hotel Tax Rebate 63,000 63,000 72,375 City Property Tax Rebate 1,500 1,500 1,285 Sales Tax Rebate 896,028 896,028 856,785 Budget Original 76 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Detailed Expenditures - Budget and Actual - Continued For the Fiscal Year Ended April 30, 2016 Final Actual General Government - Continued Administrative Services - Continued Business District Rebate $386,800 386,800 368,899 Admission Tax Rebate 105,000 105,000 121,799 Bad Debt 2,500 2,500 1,199 Reimbursable Repairs 5,000 5,000 27,873 2,863,865 2,863,865 2,697,934 Total General Government 4,002,313 4,002,313 3,763,313 Public Safety Police Department Salaries - Police Officers 1,614,448 1,614,448 1,585,447 Salaries - Chief and Deputies 346,106 346,106 341,359 Salaries - Sergeants 466,386 466,386 447,154 Salaries - Police Clerks 130,409 130,409 132,096 Salaries - Crossing Guard 20,000 20,000 22,945 Part Time Salaries 70,000 70,000 43,667 Overtime 111,000 111,000 87,307 Retirement Plan Contribution 14,508 14,508 14,283 Employer Contribution - Police Pension 728,477 728,477 722,940 FICA Contribution 206,817 206,817 195,360 Group Health Insurance 639,914 639,914 576,302 Group Life Insurance 3,556 3,556 3,817 Dental Insurance 43,519 43,519 46,802 Vision Insurance 4,494 4,494 5,939 Tuition Reimbursement 2,800 2,800 3,216 Police Commission 4,000 4,000 996 Training and Conferences 18,000 18,000 7,879 Travel and Lodging 10,000 10,000 2,671 Vehicle and Equipment Chargeback 203,647 203,647 174,263 Publishing and Advertising 200 200 - Printing and Duplicating 4,500 4,500 4,863 Telecommunications 36,500 36,500 29,512 Postage and Shipping 1,600 1,600 980 Dues and Subscriptions 1,350 1,350 1,990 Professional Services 20,000 20,000 16,861 Legal Services 10,000 10,000 - Adjudication Services 20,000 20,000 16,684 Budget Original 77 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Detailed Expenditures - Budget and Actual - Continued For the Fiscal Year Ended April 30, 2016 Final Actual Public Safety - Continued Police Department - Continued New World Live Scan $15,000 15,000 16,921 Kendall Co. - Juve Probation 4,000 4,000 2,894 MDT - Alerts Fee 7,000 7,000 6,660 Rental and Lease Purchase 7,000 7,000 5,903 Outside Repair and Maintenance 55,000 55,000 57,055 Wearing Apparel 20,000 20,000 12,562 Office Supplies 4,500 4,500 2,299 Operating Supplies 10,000 10,000 14,123 Computer Equipment and Software 12,000 12,000 5,473 Repair and Maintenance 6,500 6,500 302 Community Relations 3,000 3,000 300 Basllistic Vests 4,200 4,200 5,281 Gasoline 90,000 90,000 58,009 Ammunition 8,000 8,000 298 Total Public Safety 4,978,431 4,978,431 4,673,413 Community Development Building and Zoning Salaries and Wages 309,873 309,873 321,278 Part Time Salaries 48,000 48,000 18,234 Retirement Plan Contribution 34,474 34,474 34,748 FICA Contribution 26,784 26,784 24,811 Group Health Insurance 82,828 82,828 84,090 Group Life Insurance 447 447 491 Dental Insurance 5,465 5,465 5,866 Vision Insurance 557 557 732 Training and Conferences 5,500 5,500 3,789 Travel and Lodging 4,000 4,000 5,316 Publishing and Advertising 1,000 1,000 2,450 Printing and Duplicating 2,500 2,500 1,286 Telecommunications 3,000 3,000 3,011 Postage and Shipping 1,000 1,000 610 Inspections 5,000 5,000 455 Dues and Subscriptions 2,000 2,000 1,570 Professional Services 61,000 61,000 79,613 Legal Services 2,000 2,000 1,415 Budget Original 78 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Detailed Expenditures - Budget and Actual - Continued For the Fiscal Year Ended April 30, 2016 Final Actual Community Development - Continued Building and Zoning - Continued Rental and Lease Purchase $2,900 2,900 3,300 Economic Development 75,000 75,000 47,564 Office Supplies 900 900 2,862 Operating Supplies 3,000 3,000 3,849 Computer Equipment and Software 3,500 3,500 857 Books and Publications 500 500 508 Gasoline 4,000 4,000 802 Total Community Development 685,228 685,228 649,507 Public Works Streets Operations Salaries and Wages 335,453 335,453 329,967 Part Time Salaries 8,100 8,100 7,709 Overtime 15,000 15,000 8,101 Retirement Plan Contribution 38,989 38,989 36,546 FICA Contribution 26,703 26,703 25,567 Group Health Insurance 108,608 108,608 106,676 Group Life Insurance 570 570 645 Dental Insurance 7,546 7,546 8,406 Vision Insurance 761 761 1,045 Training and Conferences 8,100 8,100 6,514 Vehicle & Equipment Chargeback 163,416 163,416 194,379 Traffic Signal Maintenance 19,000 19,000 23,108 Telecommunications 3,000 3,000 2,449 Mosquito Control 8,400 8,400 7,002 Tree and Stump Removal 20,000 20,000 8,225 Professional Services 4,900 4,900 2,322 Street Lighting - - 3,296 Rental and Lease Purchase 1,100 1,100 793 Vehicle Maintenance Services 30,000 30,000 48,132 Outside Repair and Maintenance 1,500 1,500 1,584 Wearing Apparel 4,410 4,410 5,043 Operating Supplies 10,500 10,500 8,828 Vehicle Maintenance Supplies 25,000 25,000 15,265 Budget Original 79 UNITED CITY OF YORKVILLE, ILLINOIS General Fund Schedule of Detailed Expenditures - Budget and Actual - Continued For the Fiscal Year Ended April 30, 2016 Final Actual Public Works - Continued Streets Operations - Continued Small Tools and Equipment $5,000 5,000 3,415 Repair and Maintenance 20,000 20,000 20,581 Gasoline 29,401 29,401 14,486 895,457 895,457 890,084 Health and Sanitation Garbage Services 1,183,450 1,183,450 1,234,900 Leaf Pickup 6,000 6,000 4,800 1,189,450 1,189,450 1,239,700 Total Public Works 2,084,907 2,084,907 2,129,784 Total Expenditures 11,750,879 11,750,879 11,216,017 Budget Original 80 UNITED CITY OF YORKVILLE, ILLINOIS Library - Special Revenue Fund Schedule of Revenues - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Taxes Property Tax $1,384,846 1,384,846 1,369,150 Intergovernmental Personal Property Replacement Tax 5,250 5,250 5,324 State Grant 17,200 17,200 21,151 22,450 22,450 26,475 Licenses, Permits and Fees Development Fees 20,000 20,000 35,350 Renew Program - - 750 20,000 20,000 36,100 Charges for Services Copy Fees 3,000 3,000 2,283 Fees for Programs 1,000 1,000 870 Library Subscription Cards 7,500 7,500 6,038 11,500 11,500 9,191 Fines and Forfeitures 9,300 9,300 8,081 Interest 1,550 1,550 565 Miscellaneous Rental Income 7,000 7,000 4,396 Miscellaneous Income 500 500 854 7,500 7,500 5,250 Total Revenues 1,457,146 1,457,146 1,454,812 Budget Original 81 UNITED CITY OF YORKVILLE, ILLINOIS Library - Special Revenue Fund Schedule of Expenditures - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Library Salaries and Wages $202,860 202,860 201,312 Part Time Salaries 195,000 195,000 190,592 Retirement Plan Contribution 22,569 22,569 21,767 FICA Contribution 29,849 29,849 29,361 Group Health Insurance 78,823 78,823 68,514 Group Life Insurance 418 418 443 Dental Insurance 4,690 4,690 5,034 Vision Insurance 496 496 651 Unemployment Insurance 2,500 2,500 420 Liability Insurance 31,668 31,668 25,508 Training and Conferences 500 500 249 Travel and Lodging 600 600 262 PPRT Tax Rebate - - 678 Publishing and Advertising 100 100 23 Telecommunications 11,000 11,000 6,007 Postage and Shipping 500 500 494 Dues and Subscriptions 12,000 12,000 9,560 Professional Services 29,000 29,000 31,278 Legal Services 2,000 2,000 - Automation 35,000 35,000 17,890 Utilities 15,359 15,359 6,504 Outside Repair and Maintenance 20,000 20,000 19,962 Office Supplies 8,000 8,000 9,240 Operating Supplies 8,000 8,000 11,210 Library Programming 1,000 1,000 1,030 Renew Program - - 750 E-Book Subscriptions 3,500 3,500 3,507 Computer Equipment and Software - - 1,311 DVD's 2,000 2,000 2,821 Audio Books - - 1,237 Books 8,395 8,395 26,826 Total Library 725,827 725,827 694,441 Budget Original 82 UNITED CITY OF YORKVILLE, ILLINOIS Library - Special Revenue Fund Schedule of Expenditures - Budget and Actual - Continued For the Fiscal Year Ended April 30, 2016 Final Actual Debt Service Principal Retirement $535,000 535,000 535,000 Interest and Fiscal Charges 217,036 217,036 216,534 Total Debt Service 752,036 752,036 751,534 Total Expenditures 1,477,863 1,477,863 1,445,975 Budget Original 83 UNITED CITY OF YORKVILLE, ILLINOIS Parks and Recreation - Special Revenue Fund Schedule of Revenues - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Charges for Services Fees for Programs $295,000 295,000 375,037 Concessions 30,000 30,000 33,432 Total Charges for Services 325,000 325,000 408,469 Grants and Donations Donations 5,000 5,000 18,917 Interest 400 400 366 Miscellaneous Rental Income 65,000 65,000 70,523 Hometown Days Revenue 108,000 108,000 106,579 Reimbursements - - 12,890 Miscellaneous Income 3,000 3,000 23,684 Total Miscellaneous 176,000 176,000 213,676 Total Revenue 506,400 506,400 641,428 Budget Original 84 UNITED CITY OF YORKVILLE, ILLINOIS Parks and Recreation - Special Revenue Fund Schedule of Expenditures - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Parks and Recreation Park Operations Salaries and Wages $477,325 477,325 387,634 Part Time Salaries 30,000 30,000 24,382 Overtime 3,000 3,000 1,884 Retirement Plan Contribution 53,437 53,437 41,923 FICA Contribution 38,169 38,169 30,890 Group Health Insurance 131,148 131,148 102,203 Group Life Insurance 951 951 790 Dental Insurance 9,706 9,706 7,978 Vision Insurance 1,002 1,002 947 Training and Conferences 10,000 10,000 2,136 Travel and Lodging 3,000 3,000 85 Telecommunications 4,780 4,780 5,312 Professional Services 3,000 3,000 7,206 Legal Services 6,000 6,000 5,415 Rental and Lease Purchase 2,500 2,500 2,461 Outside Repairs and Maintenance 32,500 32,500 36,800 Wearing Apparel 4,935 4,935 5,759 Office Supplies 300 300 346 Operating Supplies 22,500 22,500 146,681 Small Tools and Equipment 2,250 2,250 5,518 Computer Equipment and Software 500 500 2,000 Repairs and Maintenance 50,500 50,500 64,517 Gasoline 24,501 24,501 11,694 Total Park Operations 912,004 912,004 894,561 Recreation Operations Salaries and Wages 263,137 263,137 261,071 Part Time Salaries 25,000 25,000 6,537 Overtime 300 300 - Concession Wages 15,000 15,000 7,549 Preschool Wages 25,000 25,000 23,902 Instructor Wages 25,000 25,000 10,235 Retirement Plan Contribution 32,089 32,089 28,362 FICA Contribution 26,362 26,362 23,119 Group Health Insurance 83,769 83,769 83,005 Budget Original 85 UNITED CITY OF YORKVILLE, ILLINOIS Parks and Recreation - Special Revenue Fund Schedule of Expenditures - Budget and Actual - Continued For the Fiscal Year Ended April 30, 2016 Final Actual Parks and Recreation - Continued Recreation Operations - Continued Group Life Insurance $588 588 618 Dental Insurance 5,139 5,139 4,987 Vision Insurance 552 552 716 Training and Conferences 5,000 5,000 3,481 Travel and Lodging 3,000 3,000 354 Publishing and Advertising 40,000 40,000 49,207 Telecommunications 7,000 7,000 7,231 Scholarships 2,500 2,500 121 Postage and Shipping 3,500 3,500 1,008 Dues and Subscriptions 2,500 2,500 1,231 Professional Services 75,000 75,000 94,358 Utilities 20,000 20,000 10,596 Rental and Lease Purchase 4,500 4,500 3,019 Outside Repairs and Maintenance 3,000 3,000 6,770 Program Refunds 7,000 7,000 14,942 Hometown Days Expenditures 100,000 100,000 94,845 Program Supplies 75,000 75,000 108,099 Concession Supplies 18,000 18,000 19,299 Office Supplies 3,000 3,000 2,212 Operating Supplies 7,500 7,500 11,373 Small Tools and Equipment 1,000 1,000 - Computer Equipment and Software 500 500 399 Repairs and Maintenance 2,000 2,000 1,009 Gasoline 2,000 2,000 818 Total Recreation Operations 883,936 883,936 880,473 Total Expenditures 1,795,940 1,795,940 1,775,034 Budget Original 86 UNITED CITY OF YORKVILLE, ILLINOIS Citywide Capital - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Intergovernmental Grants $776,938 776,938 135,722 Licenses, Permits and Fees Build Program - - 85,565 Renew Program - - 2,411 Development Fees 7,500 7,500 13,227 Road Contribution Fee 10,000 10,000 40,000 Charges for Services Road Infrastructure Fee 680,000 680,000 700,152 Interest 1,000 1,000 1,633 Miscellaneous 67,700 67,700 399,561 Total Revenues 1,543,138 1,543,138 1,378,271 Expenditures General Government 113,000 113,000 139,200 Capital Outlay 5,375,823 5,375,823 2,711,081 Debt Service Principal Retirement 212,419 212,419 210,000 Interest and Fiscal Charges 196,462 196,462 196,412 Total Expenditures 5,897,704 5,897,704 3,256,693 Excess (Deficiency) of Revenues Over (Under) Expenditures (4,354,566)(4,354,566)(1,878,422) Other Financing Sources (Uses) Debt Issuance 152,184 152,184 152,183 Transfers In 62,000 62,000 58,060 Transfers Out (2,500)(2,500)(12,621) 211,684 211,684 197,622 Net Change in Fund Balance (4,142,882)(4,142,882)(1,680,800) Fund Balance - Beginning 4,684,708 Fund Balance - Ending 3,003,908 Budget Original 87 UNITED CITY OF YORKVILLE, ILLINOIS Citywide Capital - Capital Projects Fund Schedule of Expenditures - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual General Government Build Program $- - 85,565 Renew Program - - 2,411 Property and Building Maintence Services 34,500 34,500 40,202 Property and Building Maintence Supplies 27,500 27,500 8,913 Engineering Services 50,000 50,000 1,370 Miscellaneous 1,000 1,000 739 Total General Government 113,000 113,000 139,200 Capital Outlay Kennedy Road - Autumn Creek 55,000 55,000 25,703 Beecher and Corneils Road 385,000 385,000 318,507 Wrigley (Route 47) Expansion 707,138 707,138 57,430 Blackberry Woods Subdivision - - 11,999 Greenbriar Pond Naturalization 14,000 14,000 12,632 Road to Better Roads Program 500,000 500,000 509,430 Sidewalk Construction 12,500 12,500 3,598 Downtown Streetscape Improvement 50,000 50,000 14,055 Game Farm Road Project 2,048,501 2,048,501 1,377,783 River Road Bridge Poject 152,184 152,184 152,183 Countryside Parkway Improvements 1,400,000 1,400,000 117,202 Kennedy Road Bike Trail 42,500 42,500 109,946 Sunflower Estates - Drainage Improvement 9,000 9,000 613 Total Capital Outlay 5,375,823 5,375,823 2,711,081 Debt Service Principal Retirement 212,419 212,419 210,000 Interest and Fiscal Charges 196,462 196,462 196,412 Total Debt Service 408,881 408,881 406,412 Total Expenditures 5,897,704 5,897,704 3,256,693 Budget Original 88 NONMAJOR GOVERNMENTAL FUNDS COMBINING STATEMENTS UNITED CITY OF YORKVILLE, ILLINOIS Nonmajor Governmental Funds Combining Balance Sheet April 30, 2016 Debt Capital Service Projects Totals ASSETS Cash and Investments $1,145,915 388 36,516 1,182,819 Receivables - Net of Allowances Property Taxes - 47,525 - 47,525 Accounts 3,616 - 1,880 5,496 Other Taxes 38,509 - - 38,509 Due from Other Governments 205,048 - - 205,048 Due from Other Funds - - - - Prepaids 8,767 - - 8,767 Total Assets 1,401,855 47,913 38,396 1,488,164 LIABILITIES Accounts Payable 46,012 38 15,755 61,805 Due to Other Funds 583,333 - - 583,333 Other Payables 8,167 350 20,800 29,317 Total Liabilities 637,512 388 36,555 674,455 Property Taxes - 47,525 - 47,525 Total Liabilities and Deferred Inflows of Resources 637,512 47,913 36,555 721,980 Nonspendable 8,767 - - 8,767 Restricted 1,340,477 - - 1,340,477 Assigned - - 1,841 1,841 Unassigned (584,901)- - (584,901) Total Fund Balances 764,343 - 1,841 766,184 Total Liabilities, Deferred Inflows of Resources and Fund Balances 1,401,855 47,913 38,396 1,488,164 Special Revenue FUND BALANCES DEFERRED INFLOWS OF RESOURCES 89 UNITED CITY OF YORKVILLE, ILLINOIS Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances For the Fiscal Year Ended April 30, 2016 Debt Capital Service Projects Totals Revenues Taxes $238,332 164,852 - 403,184 Intergovernmental 565,571 - - 565,571 Licenses, Permits and Fees 3,570 14,281 89,150 107,001 Charges for Services - - 374,386 374,386 Fines and Forfeits - - 11,374 11,374 Grants and Donations 121,962 - - 121,962 Interest 816 11 42 869 Miscellaneous 3,800 - 4,627 8,427 Total Revenues 934,051 179,144 479,579 1,592,774 Expenditures General Government 22,038 3,504 - 25,542 Parks and Recreation 27,074 - 1,225 28,299 Public Safety - - 15,716 15,716 Public Works 294,797 - 35,611 330,408 Capital Outlay 435,815 - 506,175 941,990 Debt Service Principal Retirement - 255,000 40,880 295,880 Interest and Fiscal Charges 103,581 55,725 32,154 191,460 Total Expenditures 883,305 314,229 631,761 1,829,295 Excess (Deficiency) of Revenues Over (Under) Expenditures 50,746 (135,085)(152,182)(236,521) Other Financing Sources (Uses) Disposal of Capital Assets - - 48,446 48,446 Debt Issuance 1,475,000 - - 1,475,000 Premium on Debt Issuance 122,288 - - 122,288 Payment to Escrow Agent (1,581,984)- - (1,581,984) Transfers In 30,951 127,243 - 158,194 46,255 127,243 48,446 221,944 Net Change in Fund Balances 97,001 (7,842)(103,736)(14,577) Fund Balances - Beginning 667,342 7,842 105,577 780,761 Fund Balances - Ending 764,343 - 1,841 766,184 Special Revenue 90 The Sunflower Special Service Fund is used to account for revenues and expenditures associated with the maintenance of the common areas of the Sunflower Estates subdivision. NONMAJOR SPECIAL REVENUE FUNDS Special Revenue Funds are created to account for the proceeds of specific revenue sources (other than fiduciary funds or capital project funds) that are legally restricted to expenditure for specified purposes. Fox Hill Special Service Area Fund The Fox Hill Special Service Area Fund is used to account for the revenues and expenditures associated with the maintenance of the common areas of the Fox Hill Estates subdivision. Sunflower Special Service Area Fund The Countryside TIF Fund is used to account for the accumulation of monies for the payment of the 2014 General Refunding Obligation Bond Series and 2015A General Obligation Refunding Bond Series.These bonds were issued to refund the 2005 General Obligation Bond Series,which were issued to finance retail development at Countryside Center. Downtown TIF Fund The Downtown TIF Fund is used to account for the revenues and expenditures associated with the development activities of the downtown area. Motor Fuel Tax Fund The Motor Fuel Tax Fund is used to account for allotments of motor fuel taxes from the State of Illinois made on per capita basis. These taxes are to be used to construct and maintain street, traffic signals and signs. Land Cash Fund The Land Cash Fund is used to account for the revenues and expenditures associated with the construction of park facilities. Countryside TIF Fund UNITED CITY OF YORKVILLE, ILLINOIS Nonmajor Governmental - Special Revenue Funds Combining Balance Sheet April 30, 2016 See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Nonmajor Governmental - Special Revenue Funds Combining Balance Sheet April 30, 2016 Sunflower Special Service Area Cash and Investments $- - Receivables - Net of Allowances Accounts - Other Taxes - - Due from Other Governments - - Prepaids - - Total Assets - - Accounts Payable 214 1,354 Due to Other Funds 3,566 29,821 Other Payables - - Total Liabilities 3,780 31,175 Nonspendable - - Restricted - - Unassigned (3,780)(31,175) Total Fund Balances (3,780)(31,175) Total Liabilities and Fund Balances - - FUND BALANCES LIABILITIES Fox Hill Special Service Area ASSETS 91 Motor Fuel Land Countryside Downtown Tax Cash TIF TIF Totals 652,059 225,597 - 268,259 1,145,915 3,564 - - 52 3,616 38,509 - - - 38,509 205,048 - - - 205,048 6,149 2,000 - 618 8,767 905,329 227,597 - 268,929 1,401,855 14,106 15,112 - 15,226 46,012 - - 549,946 - 583,333 8,000 167 - - 8,167 22,106 15,279 549,946 15,226 637,512 6,149 2,000 - 618 8,767 877,074 210,318 - 253,085 1,340,477 - - (549,946)- (584,901) 883,223 212,318 (549,946)253,703 764,343 905,329 227,597 - 268,929 1,401,855 92 UNITED CITY OF YORKVILLE, ILLINOIS Nonmajor Governmental - Special Revenue Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances For the Fiscal Year Ended April 30, 2016 Sunflower Special Service Area Revenues Taxes $7,072 18,608 Intergovernmental - - Licenses, Permits and Fees - - Grants and Donations - - Interest - - Miscellaneous - - Total Revenues 7,072 18,608 Expenditures General Government - - Parks and Recreation - - Public Works 26,314 29,675 Capital Outlay - - Debt Service Interest and Fiscal Charges - - Total Expenditures 26,314 29,675 Excess (Deficiency) of Revenues Over (Under) Expenditures (19,242)(11,067) Other Financing Sources (Uses) Debt Issuance - - Premium on Debt Issuance - - Payment to Escrow Agent - - Transfers In - - - - Net Change in Fund Balances (19,242)(11,067) Fund Balances - Beginning 15,462 (20,108) Fund Balances - Ending (3,780)(31,175) Service Area Fox Hill Special 93 Motor Fuel Land Countryside Downtown Tax Cash TIF TIF Totals - - 143,784 68,868 238,332 565,571 - - - 565,571 - 3,570 - - 3,570 - 121,962 - - 121,962 810 - 5 1 816 3,564 - - 236 3,800 569,945 125,532 143,789 69,105 934,051 - 3,570 638 17,830 22,038 - 27,074 - - 27,074 238,808 - - - 294,797 399,147 - - 36,668 435,815 - - 103,581 - 103,581 637,955 30,644 104,219 54,498 883,305 (68,010)94,888 39,570 14,607 50,746 - - 1,475,000 - 1,475,000 - - 122,288 - 122,288 - - (1,581,984)- (1,581,984) 30,951 - - - 30,951 30,951 - 15,304 - 46,255 (37,059)94,888 54,874 14,607 97,001 920,282 117,430 (604,820)239,096 667,342 883,223 212,318 (549,946)253,703 764,343 94 UNITED CITY OF YORKVILLE, ILLINOIS Fox Hill Special Service Area - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Taxes Property Tax $7,073 7,073 7,072 Expenditures Public Works Trail Maintenance 15,000 15,000 21,141 Outside Repair and Maintenance 14,833 14,833 5,173 Total Expenditures 29,833 29,833 26,314 Net Change in Fund Balance (22,760)(22,760)(19,242) Fund Balance - Beginning 15,462 Fund Balance - Ending (3,780) Budget Original 95 UNITED CITY OF YORKVILLE, ILLINOIS Sunflower Special Service Area - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Taxes Property Tax $18,608 18,608 18,608 Expenditures Public Works Pond Maintenance 26,060 26,060 26,551 Outside Repair and Maintenance 11,534 11,534 3,124 Total Expenditures 37,594 37,594 29,675 Net Change in Fund Balance (18,986)(18,986)(11,067) Fund Balance - Beginning (20,108) Fund Balance - Ending (31,175) Budget Original 96 UNITED CITY OF YORKVILLE, ILLINOIS Motor Fuel Tax - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Intergovernmental $483,500 483,500 565,571 Interest 500 500 810 Miscellaneous - - 3,564 Total Revenues 484,000 484,000 569,945 Expenditures Public Works Supplies 320,210 320,210 238,808 Capital Outlay Streets and Alleys 551,287 551,287 399,147 Total Expenditures 871,497 871,497 637,955 Excess (Deficiency) of Revenues Over (Under) Expenditures (387,497)(387,497)(68,010) Other Financing Sources Transfers In - - 30,951 Net Change in Fund Balance (387,497)(387,497)(37,059) Fund Balance - Beginning 920,282 Fund Balance - Ending 883,223 Budget Original 97 UNITED CITY OF YORKVILLE, ILLINOIS Land Cash - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Intergovernmental State Grants $400,000 400,000 - Licenses, Permits and Fees Build Program - - 3,570 Grants and Donations Autumn Creek 30,000 30,000 34,125 Blackberry Woods 500 500 9,659 Country Hills - - 5,383 Fox Highlands - - 1,406 Prestwick - - 67,600 Briarwood - - 3,789 Miscellaneous - - - Total Revenues 430,500 430,500 125,532 Expenditures General Government Build Program - - 3,570 Parks and Recreation Mosier Holding Costs 13,000 13,000 12,000 Bristol Bay Regional Park 292,832 292,832 - Riverfront Park 200,000 200,000 5,362 Grande Reserve Park A 50,000 50,000 9,562 Grande Reserve Park B - - 150 Blackberry Creek Nature Preserve 25,000 25,000 - Total Expenditures 580,832 580,832 30,644 Net Change in Fund Balance (150,332)(150,332)94,888 Fund Balance - Beginning 117,430 Fund Balance - Ending 212,318 Budget Original 98 UNITED CITY OF YORKVILLE, ILLINOIS Countryside TIF - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Taxes Property Taxes $100,000 100,000 143,784 Interest - - 5 Total Revenues 100,000 100,000 143,789 Expenditures General Government Administrative Fees 2,000 2,000 638 Debt Service Interest and Fiscal Charges 94,571 109,875 103,581 Total Expenditures 96,571 111,875 104,219 Excess (Deficiency) of Revenues Over (Under) Expenditures 3,429 (11,875)39,570 Other Financing Sources (Uses) Debt Issuance - 1,475,000 1,475,000 Premium on Debt Issuance - 122,288 122,288 Payment to Escrow Agent - (1,581,984)(1,581,984) - 15,304 15,304 Net Change in Fund Balance 3,429 3,429 54,874 Fund Balance - Beginning (604,820) Fund Balance - Ending (549,946) Budget Original 99 UNITED CITY OF YORKVILLE, ILLINOIS Downtown TIF - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Taxes Property Taxes $65,000 65,000 68,868 Interest 50 50 1 Miscellaneous - - 236 Total Revenues 65,050 65,050 69,105 Expenditures General Government Professional Services 360 360 2,051 Legal Services 15,000 15,000 556 TIF Incentive Payout 12,500 12,500 15,223 Capital Outlay Project Costs 10,000 60,000 29,248 Downtown Streetscape Improvement 310,750 310,750 - Route 47 Expansion 7,420 7,420 7,420 Total Expenditures 356,030 406,030 54,498 Net Change in Fund Balance (290,980)(340,980)14,607 Fund Balance - Beginning 239,096 Fund Balance - Ending 253,703 Budget Original 100 NONMAJOR DEBT SERVICE FUND The Debt Service Fund is used to account for the accumulation of resources for,and the payment of,general long-term debt principal and interest. UNITED CITY OF YORKVILLE, ILLINOIS Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Taxes Property Taxes $165,527 165,527 164,852 Licenses, Permits and Fees Recapture Fees 4,500 4,500 10,777 Build Program - 3,466 3,466 Renew Program - 38 38 Interest - - 11 Total Revenues 170,027 173,531 179,144 Expenditures General Government Build Program - 3,466 3,466 Renew Program - 38 38 Debt Service Principal 255,000 255,000 255,000 Interest and Fiscal Charges 55,775 55,775 55,725 Total Expenditures 310,775 314,279 314,229 Excess (Deficiency) of Revenues Over (Under) Expenditures (140,748)(140,748)(135,085) Other Financing Sources (Uses) Transfers In 132,103 132,103 127,243 Net Change in Fund Balance (8,645)(8,645)(7,842) Fund Balance - Beginning 7,842 Fund Balance - Ending - Budget Original 101 NONMAJOR CAPITAL PROJECTS FUNDS Capital Projects Funds are created to account for all resources used for the acquisition of capital facilities by a governmental unit except those financed by Proprietary Funds. Vehicle and Equipment Fund The Vehicle &Equipment Fund is used to account for financial resources accumulated to purchase vehicles, equipment and other capital assets for use in the Police, Public Works and Park and Recreation departments. UNITED CITY OF YORKVILLE, ILLINOIS Vehicle and Equipment - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Revenues Licenses, Permits and Fees Development Fees $42,775 42,775 40,765 Build Program - - 43,410 Renew Program - - 1,725 Engineering Capital Fee 6,500 6,500 3,250 Charges for Services 373,063 373,063 374,386 Fines and Forfeits DUI Fines 7,000 7,000 10,803 Electronic Citations 750 750 571 Seized Vehicle Fees 5,000 5,000 - Miscellaneous 1,000 1,000 4,627 Interest 250 250 42 Total Revenues 436,338 436,338 479,579 Expenditures Public Safety 17,667 17,667 15,716 Public Works 8,500 42,210 35,611 Parks and Recreation - - 1,225 Capital Outlay 516,929 516,929 506,175 Debt Service Principal Retirement 40,880 40,880 40,880 Interest and Fiscal Charges 32,154 32,154 32,154 Total Expenditures 616,130 649,840 631,761 Excess (Deficiency) of Revenues Over (Under) Expenditures (179,792)(213,502)(152,182) Other Financing Sources (Uses) Disposal of Capital Assets 36,000 36,000 48,446 Net Change in Fund Balance (143,792)(177,502)(103,736) Fund Balance - Beginning 105,577 Fund Balance - Ending 1,841 Budget Original 102 UNITED CITY OF YORKVILLE, ILLINOIS Vehicle and Equipment - Capital Projects Fund Schedule of Expenditures - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Police Capital Contractual Services $17,667 17,667 5,516 Build Program - - 9,750 Renew Program - - 450 Capital Outlay Equipment 35,000 35,000 2,369 Vehicles 169,000 169,000 194,750 Total Police Capital 221,667 221,667 212,835 Public Works Capital Contractual Services 6,500 6,500 1,901 Build Program - 32,510 32,510 Renew Program - 1,200 1,200 Supplies 2,000 2,000 - Capital Outlay Equipment - - 15,084 Vehicles 185,000 185,000 169,807 Total Public Works Capital 193,500 227,210 220,502 Park and Recreation Capital Build Program - - 1,150 Renew Program - - 75 Capital Outlay Equipment 78,000 78,000 78,936 Vehicles 25,000 25,000 24,882 Trail Improvements 24,929 24,929 20,347 Total Park and Recreation Capital 127,929 127,929 125,390 Debt Service Principal Retirement 40,880 40,880 40,880 Interest and Fiscal Charges 32,154 32,154 32,154 Total Debt Service 73,034 73,034 73,034 Total Expenditures 616,130 649,840 631,761 Budget Original 103 Water Fund The Water Fund is used to account for the operation and water infrastructure maintenance of the City-owned water distribution system,as well as the construction of new water systems.Revenues are generated through charges based on water consumption and user maintenance fees. ENTERPRISE FUNDS Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent is that costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges;or where it has been decided that periodic determination of revenues earned,expenses incurred,and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purpose. Sewer Fund The Sewer Fund is used to account for the operation and sewer infrastructure maintenance of the City-owned sewer system,as well as the construction of new sewer systems within City limits.Revenues are generated through a user maintenance fee. UNITED CITY OF YORKVILLE, ILLINOIS Sewer - Enterprise Fund Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Operating Revenues Charges for Services $1,155,200 1,155,200 1,180,958 Operating Expenses Operations 2,315,234 2,315,234 591,176 Depreciation and Amortization - - 621,174 Total Operating Expenses 2,315,234 2,315,234 1,212,350 Operating Income (Loss)(1,160,034)(1,160,034)(31,392) Nonoperating Revenues (Expenses) Interest Income 1,500 1,500 1,193 Connection Fees 25,000 25,000 207,300 Other Income 200,000 200,000 2,812 Interest Expense (549,578)(549,578)(577,420) (323,078)(323,078)(366,115) Income (Loss) Before Contributions and Transfers (1,483,112)(1,483,112)(397,507) Capital Contributions - - 968,639 Transfers In 1,134,654 1,134,654 1,134,654 Transfers Out (76,275)(76,275)(76,275) 1,058,379 1,058,379 2,027,018 Change in Net Position (424,733)(424,733)1,629,511 Net Position - Beginning as Restated 25,297,028 Net Position - Ending 26,926,539 Budget Original 104 UNITED CITY OF YORKVILLE, ILLINOIS Water - Enterprise Fund Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual For the Fiscal Year Ended April 30, 2016 Final Actual Operating Revenues Charges for Services $3,135,437 3,135,437 3,312,736 Operating Expenses Operations 7,483,814 7,483,814 1,795,292 Depreciation and Amortization - - 879,691 Total Operating Expenses 7,483,814 7,483,814 2,674,983 Operating Income (Loss)(4,348,377)(4,348,377)637,753 Nonoperating Revenues (Expenses) Interest Income 500 500 5,492 Connection Fees 105,000 105,000 311,638 Other Income 4,356,307 4,356,307 61,866 Interest Expense (465,901)(465,901)(582,521) 3,995,906 3,995,906 (203,525) Income (Loss) Before Contributions and Transfers (352,471)(352,471)434,228 Capital Contributions - - 1,061,209 Transfers In 76,275 76,275 76,275 76,275 76,275 1,137,484 Change in Net Position (276,196)(276,196)1,571,712 Net Position - Beginning as Restated 23,080,637 Net Position - Ending 24,652,349 Budget Original 105 Escrow Deposit Fund The Escrow Deposit Fund is used to account for various funds collected on behalf of other governmental agencies. AGENCY FUNDS Developer Deposit Fund Agency funds are established to administer resources received and held by the City as the trustee.Use of these funds facilitates the discharge of responsibilities placed upon the governmental unit by virtue of law or other similar authority. The Developer Deposit Fund is used to account for developer deposits that are used to reimburse the City for all expenses incurred as a result of processing developer applications and requests. UNITED CITY OF YORKVILLE, ILLINOIS Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended April 30, 2016 See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended April 30, 2016 Ending Additions Deductions Balances Escrow Deposit ASSETS Cash and Investments $427,885 3,440,672 3,433,705 434,852 Accounts Receivable 656,332 3,684,795 3,609,959 731,168 Total Assets 1,084,217 7,125,467 7,043,664 1,166,020 LIABILITIES LIABILITIES Other Liabilities 1,084,217 7,125,467 7,043,664 1,166,020 Developer Deposit Cash and Investments 150,367 118,764 111,154 157,977 LIABILITIES Other Liabilities 150,367 118,764 111,154 157,977 ASSETS Beginning Balances All Funds 106 FOR PRINTING Ending Additions Deductions Balances Escrow Deposit Cash and Investments $277,518 3,321,908 3,322,551 276,875 Accounts Receivable 656,332 3,684,795 3,609,959 731,168 Total Assets 933,850 7,006,703 6,932,510 1,008,043 LIABILITIES Other Liabilities 933,850 7,006,703 6,932,510 1,008,043 Beginning Balances ASSETS 107 SUPPLEMENTAL SCHEDULES UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements Betzwiser Development, LLC Adjustable Rate Note Payable of 2008 April 30, 2016 Date of Issue October 1, 2008 Date of Maturity October 1, 2028 Authorized Issue $937,500 * Interest Rate Variable - 5yr T-Note Rate Plus 3%** Interest Dates Monthly Principal Maturity Dates Monthly Payable at Betzwiser Development, LLC Fiscal Year Interest Totals 2017 $42,728 30,306 73,034 2018 44,660 28,374 73,034 2019 46,679 26,355 73,034 2020 48,790 24,245 73,035 2021 50,995 22,039 73,034 2022 53,301 19,733 73,034 2023 55,711 17,324 73,035 2024 58,229 14,805 73,034 2025 60,862 12,172 73,034 2026 63,614 9,421 73,035 2027 66,490 6,545 73,035 2028 69,496 3,539 73,035 2029 41,981 622 42,603 703,536 215,480 919,016 * The original purchase price was $1,251,900 with an initial cash payment of $314,400 and the remaining $937,500 to be financed by the seller at an initial interest rate of 6.26% through November of 2013. The current interest rate is 4.43% and the note will continue to adjust every five years until maturity. ** Interest rate is scheduled to adjust in December 2018 and 2023. CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Principal 108 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements Kendall County River Road Bridge Loan Payable of 2013 April 30, 2016 Date of Issue May 14, 2012 Date of Maturity October 31, 2018 Authorized Issue $459,675 Interest Rate None Interest Dates None Principal Maturity Dates October 31 Payable at Kendall County Highway Dept. Fiscal Year Interest Totals 2017 $75,000 - 75,000 2018 75,000 - 75,000 2019 84,674 - 84,674 234,674 - 234,674 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Principal 109 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements IEPA (L17-115300) Loan Payable of 2000 April 30, 2016 Date of Issue November 23, 1999 Date of Maturity September 6, 2019 Authorized Issue $1,656,809 Denomination of Bonds $5,000 Interest Rate 2.625% Interest Dates September 6 and March 6 Principal Maturity Dates September 6 and March 6 Payable at Illinois Environmental Protection Agency Fiscal Year Interest Totals Sept. 6 Amount Mar. 6 Amount 2017 $98,353 8,697 107,050 2016 4,669 2017 4,028 2018 100,952 6,098 107,050 2017 3,378 2018 2,720 2019 103,619 3,431 107,050 2018 2,053 2019 1,378 2020 52,832 693 53,525 2019 693 2020 - 355,756 18,919 374,675 10,793 8,126 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 110 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements IEPA (L17-1156300) Loan Payable of 2007 April 30, 2016 Date of Issue November 9, 2006 Date of Maturity August 9, 2026 Authorized Issue $1,889,244 Denomination of Bonds $5,000 Interest Rate 2.50% Interest Dates August 9 and February 9 Principal Maturity Dates August 9 and February 9 Payable at Illinois Environmental Protection Agency Fiscal Year Interest Totals Aug. 9 Amount Feb. 9 Amount 2017 $96,923 28,107 125,030 2016 14,354 2017 13,753 2018 99,361 25,669 125,030 2017 13,143 2018 12,526 2019 101,860 23,170 125,030 2018 11,901 2019 11,269 2020 104,423 20,607 125,030 2019 10,628 2020 9,979 2021 107,049 17,981 125,030 2020 9,323 2021 8,658 2022 109,742 15,288 125,030 2021 7,985 2022 7,303 2023 112,503 12,527 125,030 2022 6,613 2023 5,914 2024 115,333 9,697 125,030 2023 5,207 2024 4,490 2025 118,235 6,795 125,030 2024 3,765 2025 3,030 2026 121,209 3,821 125,030 2025 2,287 2026 1,534 2027 61,744 772 62,516 2026 772 2027 - 1,148,382 164,434 1,312,816 85,978 78,456 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 111 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Alternate Revenue Source Bonds of 2004B April 30, 2016 Date of Issue March 1, 2004 Date of Maturity December 30, 2018 Authorized Issue $3,500,000 Denomination of Bonds $5,000 Interest Rates 2.50% to 4.00% Interest Dates June 30 and December 30 Principal Maturity Dates December 30 Payable at BNY Midwest Trust Company Fiscal Year Interest Totals Jun. 30 Amount Dec. 30 Amount 2017 $410,000 52,000 462,000 2016 26,000 2016 26,000 2018 435,000 35,600 470,600 2017 17,800 2017 17,800 2019 455,000 18,200 473,200 2018 9,100 2018 9,100 1,300,000 105,800 1,405,800 52,900 52,900 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 112 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Library Bonds of 2006 April 30, 2016 Date of Issue August 1, 2006 Date of Maturity December 30, 2024 Authorized Issue $1,500,000 Denomination of Bonds $5,000 Interest Rates 4.75% to 4.80% Interest Dates June 30 and December 30 Principal Maturity Date December 30 Payable at BNY Midwest Trust Company Fiscal Year Interest Totals Jun. 30 Amount Dec. 30 Amount 2017 $50,000 29,738 79,738 2016 14,869 2016 14,869 2018 50,000 27,362 77,362 2017 13,681 2017 13,681 2019 50,000 24,988 74,988 2018 12,494 2018 12,494 2020 50,000 22,612 72,612 2019 11,306 2019 11,306 2021 75,000 20,238 95,238 2020 10,119 2020 10,119 2022 75,000 16,676 91,676 2021 8,338 2021 8,338 2023 75,000 13,112 88,112 2022 6,556 2022 6,556 2024 100,000 9,550 109,550 2023 4,775 2023 4,775 2025 100,000 4,800 104,800 2024 2,400 2024 2,400 625,000 169,076 794,076 84,538 84,538 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 113 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Refunding Alternate Revenue Source Bonds of 2007A April 30, 2016 Date of Issue February 22, 2007 Date of Maturity December 30, 2022 Authorized Issue $3,020,000 Denomination of Bonds $5,000 Interest Rates 4.00% to 4.25% Interest Dates June 30 and December 30 Principal Maturity Date December 30 Payable at The Bank of New York Trust Company Fiscal Year Interest Totals Jun. 30 Amount Dec. 30 Amount 2017 $15,000 121,162 136,162 2016 60,581 2016 60,581 2018 15,000 120,526 135,526 2017 60,263 2017 60,263 2019 15,000 119,888 134,888 2018 59,944 2018 59,944 2020 680,000 119,250 799,250 2019 59,625 2019 59,625 2021 695,000 90,350 785,350 2020 45,175 2020 45,175 2022 725,000 60,812 785,812 2021 30,406 2021 30,406 2023 750,000 30,000 780,000 2022 15,000 2022 15,000 2,895,000 661,988 3,556,988 330,994 330,994 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 114 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Refunding Alternate Revenue Source Bonds of 2011 April 30, 2016 Date of Issue November 10, 2011 Date of Maturity December 30, 2025 Authorized Issue $11,150,000 Denomination of Bonds $5,000 Interest Rate 4.28% Interest Dates June 30 and December 30 Principal Maturity Date December 30 Payable at The Bank of New York Trust Company Fiscal Year Interest Totals Jun. 30 Amount Dec. 30 Amount 2017 $745,000 389,052 1,134,052 2016 194,526 2016 194,526 2018 780,000 357,166 1,137,166 2017 178,583 2017 178,583 2019 810,000 323,782 1,133,782 2018 161,891 2018 161,891 2020 845,000 289,114 1,134,114 2019 144,557 2019 144,557 2021 885,000 252,948 1,137,948 2020 126,474 2020 126,474 2022 920,000 215,070 1,135,070 2021 107,535 2021 107,535 2023 960,000 175,694 1,135,694 2022 87,847 2022 87,847 2024 1,000,000 134,606 1,134,606 2023 67,303 2023 67,303 2025 1,045,000 91,806 1,136,806 2024 45,903 2024 45,903 2026 1,100,000 47,080 1,147,080 2025 23,540 2025 23,540 9,090,000 2,276,318 11,366,318 1,138,159 1,138,159 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 115 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Library Refunding Bonds of 2013 April 30, 2016 Date of Issue May 9, 2013 Date of Maturity December 30, 2024 Authorized Issue $6,625,000 Denomination of Bonds $5,000 Interest Rates 2.00% to 4.00% Interest Dates June 30 and December 30 Principal Maturity Date December 30 Payable at Bank of New York Mellon Fiscal Year Interest Totals Jun. 30 Amount Dec. 30 Amount 2017 $500,000 173,033 673,033 2016 86,516 2016 86,517 2018 520,000 163,032 683,032 2017 81,516 2017 81,516 2019 565,000 152,112 717,112 2018 76,056 2018 76,056 2020 585,000 139,400 724,400 2019 69,700 2019 69,700 2021 610,000 121,850 731,850 2020 60,925 2020 60,925 2022 645,000 103,550 748,550 2021 51,775 2021 51,775 2023 675,000 84,200 759,200 2022 42,100 2022 42,100 2024 700,000 57,200 757,200 2023 28,600 2023 28,600 2025 730,000 29,200 759,200 2024 14,600 2024 14,600 5,530,000 1,023,577 6,553,577 511,788 511,789 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 116 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Refunding Alternate Revenue Source Bonds of 2014 April 30, 2016 Date of Issue January 6, 2014 Date of Maturity December 1, 2029 Authorized Issue $1,235,000 Denomination of Bonds $5,000 Interest Rate 4.00% to 4.30% Interest Dates June 1 and December 1 Principal Maturity Date December 1 Payable at The Bank of New York Trust Company Fiscal Year Interest Totals Jun. 1 Amount Dec. 1 Amount 2017 $- 50,715 50,715 2016 25,357 2016 25,358 2018 - 50,715 50,715 2017 25,357 2017 25,358 2019 - 50,715 50,715 2018 25,357 2018 25,358 2020 - 50,715 50,715 2019 25,357 2019 25,358 2021 - 50,715 50,715 2020 25,357 2020 25,358 2022 - 50,715 50,715 2021 25,357 2021 25,358 2023 - 50,715 50,715 2022 25,357 2022 25,358 2024 - 50,715 50,715 2023 25,357 2023 25,358 2025 - 50,715 50,715 2024 25,357 2024 25,358 2026 230,000 50,715 280,715 2025 25,357 2025 25,358 2027 235,000 41,515 276,515 2026 20,757 2026 20,758 2028 245,000 32,115 277,115 2027 16,057 2027 16,058 2029 255,000 22,193 277,193 2028 11,096 2028 11,097 2030 270,000 11,610 281,610 2029 5,805 2029 5,805 1,235,000 614,583 1,849,583 307,285 307,298 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 117 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Refunding Alternate Revenue Source Bonds of 2014A April 30, 2016 Date of Issue August 5, 2014 Date of Maturity December 1, 2033 Authorized Issue $4,295,000 Denomination of Bonds $5,000 Interest Rate 3.00% to 4.00% Interest Dates June 1 and December 1 Principal Maturity Date December 1 Payable at Amalgamated Fiscal Year Interest Totals Jun. 1 Amount Dec. 1 Amount 2017 $185,000 144,138 329,138 2016 72,069 2016 72,069 2018 190,000 138,588 328,588 2017 69,294 2017 69,294 2019 190,000 132,888 322,888 2018 66,444 2018 66,444 2020 195,000 127,188 322,188 2019 63,594 2019 63,594 2021 200,000 121,338 321,338 2020 60,669 2020 60,669 2022 200,000 115,337 315,337 2021 57,669 2021 57,668 2023 210,000 109,337 319,337 2022 54,669 2022 54,668 2024 210,000 103,037 313,037 2023 51,519 2023 51,518 2025 220,000 96,737 316,737 2024 48,369 2024 48,368 2026 225,000 90,137 315,137 2025 45,069 2025 45,068 2027 230,000 83,387 313,387 2026 41,694 2026 41,693 2028 245,000 76,200 321,200 2027 38,100 2027 38,100 2029 250,000 66,400 316,400 2028 33,200 2028 33,200 2030 265,000 56,400 321,400 2029 28,200 2029 28,200 2031 275,000 45,800 320,800 2030 22,900 2030 22,900 2032 280,000 34,800 314,800 2031 17,400 2031 17,400 2033 290,000 23,600 313,600 2032 11,800 2032 11,800 2034 300,000 12,000 312,000 2033 6,000 2033 6,000 4,160,000 1,577,312 5,737,312 788,659 788,653 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 118 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Refunding Alternate Revenue Source Bonds of 2014B April 30, 2016 Date of Issue August 5, 2014 Date of Maturity December 30, 2022 Authorized Issue $2,300,000 Denomination of Bonds $5,000 Interest Rate 2.00% to 3.00% Interest Dates June 30 and December 30 Principal Maturity Date December 30 Payable at Amalgamated Fiscal Year Interest Totals Jun. 30 Amount Dec. 30 Amount 2017 $270,000 50,150 320,150 2016 25,075 2016 25,075 2018 275,000 44,750 319,750 2017 22,375 2017 22,375 2019 285,000 39,250 324,250 2018 19,625 2018 19,625 2020 290,000 33,550 323,550 2019 16,775 2019 16,775 2021 295,000 27,750 322,750 2020 13,875 2020 13,875 2022 310,000 18,900 328,900 2021 9,450 2021 9,450 2023 320,000 9,600 329,600 2022 4,800 2022 4,800 2,045,000 223,950 2,268,950 111,975 111,975 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 119 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Refunding Alternate Revenue Source Bonds of 2014C April 30, 2016 Date of Issue August 5, 2014 Date of Maturity December 30, 2024 Authorized Issue $1,290,000 Denomination of Bonds $5,000 Interest Rate 2.00% to 3.00% Interest Dates June 30 and December 30 Principal Maturity Date December 30 Payable at Amalgamated Fiscal Year Interest Totals Jun. 30 Amount Dec. 30 Amount 2017 $120,000 30,150 150,150 2016 15,075 2016 15,075 2018 120,000 27,750 147,750 2017 13,875 2017 13,875 2019 130,000 25,350 155,350 2018 12,675 2018 12,675 2020 125,000 22,750 147,750 2019 11,375 2019 11,375 2021 130,000 20,250 150,250 2020 10,125 2020 10,125 2022 135,000 16,350 151,350 2021 8,175 2021 8,175 2023 135,000 12,300 147,300 2022 6,150 2022 6,150 2024 140,000 8,250 148,250 2023 4,125 2023 4,125 2025 135,000 4,050 139,050 2024 2,025 2024 2,025 1,170,000 167,200 1,337,200 83,600 83,600 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 120 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements General Obligation Refunding Alternate Revenue Source Bonds of 2015A April 30, 2016 Date of Issue July 8, 2015 Date of Maturity December 1, 2034 Authorized Issue $5,575,000 Denomination of Bonds $5,000 Interest Rates 4.00% Interest Dates June 1 and December 1 Principal Maturity Date December 1 Payable at Amalgamated Fiscal Year Interest Totals Jun. 1 Amount Dec. 1 Amount 2017 $100,000 311,581 411,581 2017 200,081 2017 111,500 2018 155,000 219,000 374,000 2018 109,500 2018 109,500 2019 160,000 212,800 372,800 2019 106,400 2019 106,400 2020 395,000 206,400 601,400 2020 103,200 2020 103,200 2021 405,000 190,600 595,600 2021 95,300 2021 95,300 2022 425,000 174,400 599,400 2022 87,200 2021 87,200 2023 440,000 157,400 597,400 2023 78,700 2022 78,700 2024 460,000 139,800 599,800 2024 69,900 2023 69,900 2025 475,000 121,400 596,400 2025 60,700 2024 60,700 2026 215,000 102,400 317,400 2026 51,200 2025 51,200 2027 220,000 93,800 313,800 2027 46,900 2026 46,900 2028 230,000 85,000 315,000 2028 42,500 2027 42,500 2029 240,000 75,800 315,800 2029 37,900 2028 37,900 2030 250,000 66,200 316,200 2030 33,100 2029 33,100 2031 260,000 56,200 316,200 2031 28,100 2030 28,100 2032 270,000 45,800 315,800 2032 22,900 2031 22,900 2033 280,000 35,000 315,000 2033 17,500 2032 17,500 2034 290,000 23,800 313,800 2034 11,900 2033 11,900 2035 305,000 12,200 317,200 2035 6,100 2034 6,100 5,575,000 2,329,581 7,904,581 1,209,081 1,120,500 Governmental 1,475,145 616,406 2,091,551 319,923 296,484 Business-Type 4,099,855 1,713,175 5,813,030 889,158 824,016 5,575,000 2,329,581 7,904,581 1,209,081 1,120,500 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 121 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements Illinois Rural Bond Bank Debt Certificates of 2003A April 30, 2016 Date of Issue September 24, 2003 Date of Maturity February 1, 2023 Authorized Issue $2,035,000 Denomination of Bonds $5,000 Interest Rates 1.60% to 5.20% Interest Dates August 1 and February 1 Principal Maturity Date February 1 Payable at US National Bank Assoc. Fiscal Year Interest Totals Aug. 1 Amount Feb. 1 Amount 2017 $115,000 47,756 162,756 2016 23,878 2017 23,878 2018 120,000 42,292 162,292 2017 21,146 2018 21,146 2019 130,000 36,232 166,232 2018 18,116 2019 18,116 2020 135,000 29,668 164,668 2019 14,834 2020 14,834 2021 140,000 22,850 162,850 2020 11,425 2021 11,425 2022 150,000 15,710 165,710 2021 7,855 2022 7,855 2023 155,000 8,060 163,060 2022 4,030 2023 4,030 945,000 202,568 1,147,568 101,284 101,284 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 122 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements Debt Certificates of 2003 April 30, 2016 Date of Issue July 9, 2003 Date of Maturity December 15, 2018 Authorized Issue $4,800,000 Denomination of Bonds $5,000 Interest Rates 3.80% to 5.00% Interest Dates June 15 and December 15 Principal Maturity Date December 15 Payable at BNY Midwest Trust Company Fiscal Year Interest Totals Jun. 15 Amount Dec. 15 Amount 2017 $100,000 21,450 121,450 2016 10,725 2016 10,725 2018 100,000 17,300 117,300 2017 8,650 2017 8,650 2019 300,000 13,050 313,050 2018 6,525 2018 6,525 500,000 51,800 551,800 25,900 25,900 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 123 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Long-Term Debt Requirements Refunding Debt Certificates of 2006A April 30, 2016 Date of Issue December 19, 2006 Date of Maturity December 30, 2022 Authorized Issue $5,555,000 Denomination of Bonds $5,000 Interest Rates 4.00% to 4.20% Interest Dates June 30 and December 30 Principal Maturity Date December 30 Payable at The Bank of New York Trust Company Fiscal Year Interest Totals Jun. 30 Amount Dec. 30 Amount 2017 $460,000 155,206 615,206 2016 77,603 2016 77,603 2018 475,000 136,806 611,806 2017 68,403 2017 68,403 2019 495,000 117,806 612,806 2018 58,903 2018 58,903 2020 850,000 98,006 948,006 2019 49,003 2019 49,003 2021 850,000 62,306 912,306 2020 31,153 2020 31,153 2022 390,000 26,606 416,606 2021 13,303 2021 13,303 2023 255,000 10,520 265,520 2022 5,260 2022 5,260 3,775,000 607,256 4,382,256 303,628 303,628 CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Requirements Interest Due on Principal 124 These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time. STATISTICAL SECTION (Unaudited) This part of the 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 says about the City’s overall financial health. Financial Trends 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. Revenue Capacity These schedules contain information to help the reader assess the City’s most significant local revenue sources. 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. 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. UNITED CITY OF YORKVILLE, ILLINOIS Net Position by Component - Last Ten Fiscal Years* April 30, 2016 (Unaudited) See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Net Position by Component - Last Ten Fiscal Years* April 30, 2016 (Unaudited) 2008 2009 2010 Governmental Activities Net Investment in Capital Assets $51,904,378 53,202,922 51,529,648 60,971,543 Restricted 6,819,743 3,630,544 3,107,371 3,468,150 Unrestricted (4,161,179) (658,755) (2,038,061) (4,124,885) Total Governmental Activities Net Position 54,562,942 56,174,711 52,598,958 60,314,808 Business-Type Activities Net Investment in Capital Assets 14,990,516 15,924,390 18,676,309 32,942,926 Restricted 5,387,523 4,898,626 - 215,000 Unrestricted (623,092) 175,008 3,212,121 2,904,916 Total Business-Type Activities Net Position 19,754,947 20,998,024 21,888,430 36,062,842 Primary Government Net Investment in Capital Assets 66,894,894 69,127,312 70,205,957 93,914,469 Restricted 12,207,266 8,529,170 3,107,371 3,683,150 Unrestricted (4,784,271) (483,747) 1,174,060 (1,219,969) Total Primary Government Net Position 74,317,889 77,172,735 74,487,388 96,377,650 * Accrual Basis of Accounting 2007 125 2011 2012 2013 2014 2015 2016 61,594,404 58,943,771 62,000,588 63,873,210 66,706,243 70,624,870 3,315,028 3,478,139 3,537,867 1,946,088 2,744,103 3,064,646 (3,827,879) 93,682 3,341,127 3,566,727 3,328,570 (6,321,934) 61,081,553 62,515,592 68,879,582 69,386,025 72,778,916 67,367,582 33,166,989 26,640,987 31,719,100 34,717,042 46,482,812 49,232,266 285,000 683,147 - - - - 2,608,587 13,406,883 13,502,177 13,015,100 1,891,407 2,346,622 36,060,576 40,731,017 45,221,277 47,732,142 48,374,219 51,578,888 94,761,393 85,584,758 93,719,688 98,590,252 113,189,055 119,857,136 3,600,028 4,161,286 3,537,867 1,946,088 2,744,103 3,064,646 (1,219,292) 13,500,565 16,843,304 16,581,827 5,219,977 (3,975,312) 97,142,129 103,246,609 114,100,859 117,118,167 121,153,135 118,946,470 126 UNITED CITY OF YORKVILLE, ILLINOIS Changes in Net Position - Last Ten Fiscal Years* April 30, 2016 (Unaudited) 2008 2009 2010 2011 2012 2013 2014 2015 2016 Expenses Governmental Activities General Government $4,871,741 5,688,953 5,513,569 4,367,204 4,757,527 5,731,692 3,121,857 5,808,954 4,075,153 4,533,840 Public Safety 2,761,019 3,233,955 3,099,998 3,665,295 3,287,448 2,905,184 3,750,318 918,131 4,393,482 6,073,977 Community Development 502,434 553,220 502,929 447,491 394,687 307,053 356,689 2,029,523 592,588 649,507 Public Works 4,139,483 3,511,697 3,024,306 3,082,318 3,420,923 2,861,052 2,983,200 3,874,698 3,140,446 3,955,539 Library 757,256 955,385 1,044,318 1,103,649 1,170,275 871,050 932,748 407,537 930,024 877,154 Parks and Recreation 2,112,376 2,157,818 2,155,995 2,217,232 1,645,468 1,862,044 1,812,483 3,444,587 2,381,698 2,225,512 Unallocated Bad Debt Adjustment - - - 1,016,132 - - - - - - Interest on Long-Term Debt 958,673 723,618 741,303 757,192 723,246 704,213 691,551 698,519 611,243 540,506 Total Governmental Activities Expenses 16,102,982 16,824,646 16,082,418 16,656,513 15,399,574 15,242,288 13,648,846 17,181,949 16,124,634 18,856,035 Business-Type Activities Water 2,975,674 3,036,973 3,332,313 2,416,462 2,396,100 2,505,247 2,638,252 1,595,266 2,792,755 3,257,504 Sewer 1,242,655 1,177,924 1,322,270 1,569,785 1,628,159 1,653,025 1,630,023 2,710,511 1,704,058 1,789,770 Recreation Center - - 675,617 634,346 688,218 657,479 592,707 232,882 - - Total Business-Type Activities Expenses 4,218,329 4,214,897 5,330,200 4,620,593 4,712,477 4,815,751 4,860,982 4,538,659 4,496,813 5,047,274 Total Primary Government Expenses 20,321,311 21,039,543 21,412,618 21,277,106 20,112,051 20,058,039 18,509,828 21,720,608 20,621,447 23,903,309 Program Revenues Governmental Activities Charges for Services General Government 1,808,797 1,775,663 1,723,173 1,795,244 1,840,958 2,057,279 1,751,309 2,381,788 2,885,990 3,072,590 Public Safety - - - - - - - - - - Public Works - - 29,018 - - - - - - - Library 19,616 27,045 427,842 61,096 48,983 50,582 58,794 74,037 44,522 53,372 Parks and Recreation 578,148 376,857 - 388,913 342,311 265,698 265,614 299,478 352,714 408,469 Operating Grants/Contributions 41,925 778,342 19,664 629,822 830,767 633,091 696,058 1,135,659 943,410 774,856 Capital Grants/Contributions 3,940,737 1,909,670 922,409 10,650,597 1,596,067 1,409,412 3,317,256 1,229,829 768,423 3,317,330 Total Governmental Activities Program Revenues 6,389,223 4,867,577 3,122,106 13,525,672 4,659,086 4,416,062 6,089,031 5,120,791 4,995,059 7,626,617 Business-Type Activities Charges for Services Water 3,097,565 1,920,029 1,742,057 1,875,826 2,543,796 2,592,652 2,823,357 2,394,494 2,626,114 3,624,374 Sewer 3,477,706 855,334 789,781 1,991,015 1,476,558 1,366,022 1,358,420 1,130,954 1,186,389 1,388,258 Recreation - - 497,992 582,889 620,020 620,489 493,617 44,891 - - Operating Grants/Contributions - - - - - - - - - - Capital Grants/Contributions 2,085,002 1,895,447 343,578 14,473,957 241,344 2,433,079 4,829,491 1,658,648 6,805 2,029,848 Total Business-Type Activities Program Revenues 8,660,273 4,670,810 3,373,408 18,923,687 4,881,718 7,012,242 9,504,885 5,228,987 3,819,308 7,042,480 Total Primary Government Program Revenues 15,049,496 9,538,387 6,495,514 32,449,359 9,540,804 11,428,304 15,593,916 10,349,778 8,814,367 14,669,097 2007 127 2008 2009 2010 2011 2012 2013 2014 2015 2016 Net (Expense) Revenue Governmental Activities $(11,957,069) (12,960,312) (3,130,841) (10,740,488) (10,826,226) (7,559,815) (12,061,158) (11,129,575) (11,129,575) (11,229,418) Business-Type Activities 455,913 (1,956,792) 14,303,094 169,241 2,196,491 4,643,903 690,328 (677,505) (677,505) 1,995,206 Total Primary Government Net (Expense) Revenue (11,501,156) (14,917,104) 11,172,253 (10,571,247) (8,629,735) (2,915,912) (11,370,830) (11,807,080) (11,807,080) (9,234,212) General Revenues and Other Changes in Net Position Governmental Activities Taxes Property 1,950,798 3,644,499 3,670,632 4,087,698 4,281,902 4,953,862 4,743,599 4,670,934 4,850,981 4,901,983 Sales 2,647,678 2,507,664 2,474,549 2,480,213 2,577,651 2,962,810 4,409,926 4,573,026 4,782,712 4,904,967 Income 1,040,678 1,053,292 1,124,204 1,280,519 1,306,325 1,444,426 1,587,324 1,613,102 1,735,422 1,715,155 Utility 1,288,406 1,612,834 1,630,188 1,542,649 1,614,294 1,568,699 1,553,693 1,633,242 1,600,296 1,585,758 Other 480,941 534,601 861,936 641,360 780,863 963,524 922,439 988,822 1,127,859 1,265,439 Development Fees 2,646,071 2,447,936 454,822 - - - - - - - Interest 448,746 320,046 74,761 73,327 6,762 10,388 16,368 14,895 (176,911) 9,828 Miscellaneous 210,040 1,076,159 1,336,958 783,999 764,528 667,637 690,456 737,693 1,736,079 761,857 Transfers 2,754,737 540,525 (2,243,491) 134,209 174,908 - - (1,626,263) (1,133,972) (1,134,654) Total Governmental Activities 13,468,095 13,737,556 9,384,559 11,023,974 11,507,233 12,571,346 13,923,805 12,605,451 14,522,466 14,010,333 Business-Type Activities Property Taxes - - - - - 1,883,730 1,883,730 - - - Interest 352,654 230,212 52,314 5,527 3,401 2,687 9,542 11,491 11,206 6,685 Connection Fees - 1,670,495 549,578 - - - - - - - Miscellaneous 153,744 124,400 1,815 - - 60,691 (1,624,872) 182,783 174,404 64,678 Transfers (2,754,737) (540,525) 2,243,491 (134,209) (174,908) - - 1,626,263 1,133,972 1,134,654 Total Business-Type Activities (2,248,339) 1,484,582 2,847,198 (128,682) (171,507) 1,947,108 268,400 1,820,537 1,319,582 1,206,017 Total Primary Government 11,219,756 15,222,138 12,231,757 10,895,292 11,335,726 14,518,454 14,192,205 14,425,988 15,842,048 15,216,350 Changes in Net Position Governmental Activities 1,511,026 777,244 6,253,718 283,486 681,007 5,011,531 1,862,647 1,475,876 3,392,891 2,780,915 Business-Type Activities (1,792,426) (472,210) 17,150,292 40,559 2,024,984 6,591,011 958,728 1,143,032 642,077 3,201,223 Total Primary Government (281,400) 305,034 23,404,010 324,045 2,705,991 11,602,542 2,821,375 2,618,908 4,034,968 5,982,138 * Accrual Basis of Accounting 2007 128 UNITED CITY OF YORKVILLE, ILLINOIS Fund Balances of Governmental Funds - Last Ten Fiscal Years* 2007 2008 2009 General Fund Reserved $2,476,718 287,036 164,587 Unreserved 2,841,106 2,665,300 1,230,953 Nonspendable - - - Restricted - - - Assigned - - - Unassigned - - - Total General Fund 5,317,824 2,952,336 1,395,540 All Other Governmental Funds Reserved 4,460,492 3,630,544 3,505,069 Unreserved, Reported in, Special Revenue Funds 444,906 1,128,049 642,298 Debt Service Funds (100,567) (237,259) - Capital Projects Funds (276,107) (514,524) (560,274) Nonspendable - - - Restricted - - - Committed - - - Assigned - - - Unassigned - - - Total All Other Governmental Funds 4,528,724 4,006,810 3,587,093 * Modified Accrual Basis of Accounting Note: The City adopted GASB Statement 54 for the fiscal year ended April 30, 2012. April 30, 2016 (Unaudited) 129 2010 2011 2012 2013 2014 2015 2016 39,497 136,917 - - - - - (532,436) (408,817) - - - - - - - 153,770 139,985 156,680 145,012 138,312 - - - - - 984,526 1,216,288 - - 332,500 - - - - - - 784,353 4,083,835 3,703,901 3,696,520 4,337,106 (492,939) (271,900) 1,270,623 4,223,820 3,860,581 4,826,058 5,691,706 3,482,941 3,323,515 - - - - - 403,793 828,903 - - - - - - - - - - - - (626,102) (586,372) - - - - - - - 27,913 34,586 34,385 33,284 37,376 - - 3,565,649 3,549,913 1,951,407 1,767,419 1,848,358 - - 264,616 305,804 527,635 537,853 480,034 - - 428,933 504,314 824,301 4,788,775 3,004,149 - - (874,152) (571,615) (534,087) (624,928) (584,901) 3,260,632 3,566,046 3,412,959 3,823,002 2,803,641 6,502,403 4,785,016 130 UNITED CITY OF YORKVILLE, ILLINOIS Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years* 2007 2008 2009 2010 Revenues Taxes $6,100,171 7,966,070 8,350,100 8,694,985 Intergovernmental 1,610,978 2,164,579 1,350,083 1,910,171 Licenses, Permits and Fees 4,958,458 4,508,936 2,476,691 894,871 Charges for Services - - - 1,252,904 Fines and Forfeitures 94,174 118,565 139,875 166,078 Interest 448,746 320,046 74,761 73,327 Miscellaneous 438,340 989,443 1,344,427 676,539 Total Revenues 13,650,867 16,067,639 13,735,937 13,668,875 Expenditures General Government 5,000,288 5,652,456 5,065,127 4,590,261 Public Safety 2,589,749 3,015,178 3,160,730 3,260,256 Community Development 303 553,220 502,929 423,835 Public Works 2,602,247 4,473,822 1,752,822 1,976,664 Library 560,248 797,388 828,294 915,195 Parks and Recreation 1,923,584 2,231,553 2,035,413 1,532,422 Capital Outlay 7,943,295 1,654,695 2,199,602 242,005 Debt Service Cost of Issuance 14,150 - - - Principal Retirement 205,000 345,000 559,940 849,937 Interest and Fiscal Charges 958,673 768,817 749,703 764,364 Total Expenditures 21,797,537 19,492,129 16,854,560 14,554,939 Excess (Deficiency) of Revenues Over (Under) Expenditures (8,146,670) (3,424,490) (3,118,623) (886,064) Other Financing Sources (Uses) Disposal of Capital Assets - 86,716 9,081 - Adjustment for Bad Debts - - - (1,016,132) Debt Issuance 1,500,000 - 937,500 - Accrued Interest on Sale of Bonds - - - - Bond Premium/(Discount)- - - - Payment to Escrow Agent (925,000) - - - Transfers In 3,602,435 2,803,008 2,924,616 2,046,452 Transfers Out (2,297,435) (2,262,483) (2,729,087) (1,912,243) 1,880,000 627,241 1,142,110 (881,923) Net Change in Fund Balances (6,266,670) (2,797,249) (1,976,513) (1,767,987) Debt Service as a Percentage of Noncapital Expenditures 8.020%7.104%9.021%11.227% * Modified Accrual Basis of Accounting April 30, 2016 (Unaudited) 131 2011 2012 2013 2014 2015 2016 9,254,138 10,020,005 6,767,061 5,176,481 11,830,762 12,103,254 2,479,758 2,906,407 7,545,978 9,469,590 3,312,823 3,180,626 486,264 336,683 400,718 393,746 379,242 493,619 1,519,004 1,842,620 1,479,712 2,169,670 2,749,195 2,897,718 228,009 194,256 195,287 191,887 154,789 143,094 6,762 10,388 16,368 14,895 (176,911) 9,828 763,503 667,637 690,456 737,693 1,736,079 761,857 14,737,438 15,977,996 17,095,580 18,153,962 19,985,979 19,589,996 4,724,320 5,501,632 3,498,104 5,685,541 3,910,635 3,928,055 2,886,313 2,849,067 3,568,665 3,834,655 4,337,573 4,689,129 395,291 307,053 365,188 407,537 592,588 649,507 2,038,458 1,926,169 1,841,795 2,207,757 2,361,827 2,460,192 975,587 691,525 752,373 737,191 748,905 694,441 1,360,244 1,488,018 1,450,824 1,644,065 2,041,792 1,803,333 376,030 101,133 572,022 2,050,456 3,285,489 3,653,071 - - - - - - 896,544 1,038,254 1,025,074 1,099,223 844,112 1,040,880 733,106 701,809 663,495 641,673 496,090 604,406 14,385,893 14,604,660 13,737,540 18,308,098 18,619,011 19,523,014 351,545 1,373,336 3,358,040 (154,136) 1,366,968 66,982 - 16,100 5,200 16,325 - 48,446 - - - - - - - - - 8,053,963 6,670,678 1,627,183 - - - - - - - - - 115,109 119,680 122,288 - - - (7,787,598) (2,359,115) (1,581,984) 1,848,135 1,047,727 1,504,002 2,881,535 1,375,448 1,326,090 (1,673,227) (1,047,727) (1,504,002) (4,507,798) (2,509,420) (2,460,744) 174,908 16,100 5,200 (1,228,464) 3,297,271 (918,721) 526,453 1,389,436 3,363,240 (1,382,600) 4,664,239 (851,739) 11.709%13.098%17.159%11.540%9.497%10.293% 132 UNITED CITY OF YORKVILLE, ILLINOIS Assessed Value and Actual Value of Taxable Property - Last Ten Fiscal Years April 30, 2016 (Unaudited) Tax Fiscal Levy Year Year 2007 2006 $316,602,897 $2,384,569 2008 2007 399,859,224 2,643,309 2009 2008 440,037,839 2,562,106 2010 2009 444,422,818 2,524,355 2011 2010 407,528,709 2,398,027 2012 2011 367,600,683 2,450,231 2013 2012 332,551,186 2,568,351 2014 2013 311,316,069 2,618,131 2015 2014 310,655,449 2,743,283 2016 2015 320,914,471 2,861,401 Data Source: Office of the County Clerk Note: Property is assess at 33% of actual value. Property Farm Residential 133 Total Direct Tax Rate $71,761,771 $8,068,081 $17,328 $398,834,646 0.4547 98,576,640 8,541,508 17,328 509,638,009 0.4164 117,707,447 6,914,772 17,328 567,239,492 0.4267 124,381,958 6,921,977 17,328 578,268,436 0.4374 122,304,406 6,820,310 17,328 539,068,780 0.9019 112,753,206 7,283,729 17,328 490,105,177 0.7046 101,264,981 6,720,962 17,328 443,122,808 0.7490 99,434,012 6,656,792 17,328 420,042,332 0.7738 90,744,145 12,668,201 17,328 416,828,406 0.7581 84,529,087 13,000,039 17,329 421,322,327 0.7361 Property Property ValueProperty Total Taxable AssessedRailroadIndustrialCommercial 134 UNITED CITY OF YORKVILLE, ILLINOIS Principal Property Taxpayers - Current Tax Levy Year and Nine Tax Levy Years Ago April 30, 2016 (Unaudited) Percentage Percentage of Total City of Total City Taxable Taxable Assessed Assessed Taxpayer Rank Value Rank Value Menard, Inc $5,864,784 1 1.39% Kendall Holdings LLC 4,827,673 2 1.15% Yorkville Marketplace LLC 4,742,852 3 1.13% Copley Ventures, Inc.3,726,607 4 0.88% Target Corporation 3,092,795 5 0.73% Boombah Properties LLC 2,924,928 6 0.69% Wrigley Manufacturing Co., LLC 2,751,467 7 0.65%$3,779,300 1 0.95% York Meadows LLC 2,478,455 8 0.59%1,403,880 4 0.35% Yorkville Leased Housing Assoc.2,341,056 9 0.56% NCG Yorkville LLC 1,825,387 10 0.43% T-L Countryside LLC 1,638,590 2 0.41% Yorkville National Bank 1,448,040 3 0.36% Castle Bank Yorkville 1,400,500 5 0.35% Bank of Ravenswood 1,207,560 6 0.30% Elite Yorkville LLC 943,580 7 0.24% Windrose Yorkville Properties 810,670 8 0.20% Walker Custom Homes, Inc 658,690 9 0.17% American National Bank & Trust of Chicago 602,150 10 0.20% 34,576,004 8.21%13,892,960 3.53% Data Source: Office of the County Clerk Assessed Assessed Value Value 2015 Tax Levy 2006 Tax Levy Taxable Taxable 135 UNITED CITY OF YORKVILLE, ILLINOIS Direct and Overlapping Property Tax Rates - Last Ten Tax Levy Years April 30, 2016 (Unaudited) See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Direct and Overlapping Property Tax Rates - Last Ten Tax Levy Years April 30, 2016 (Unaudited) 2006 2007 2008 City Direct Rates Corporate 0.0142 0.0564 0.1329 Bonds and Interest - - - IMRF 0.0725 0.0968 0.0724 Police Protection 0.0788 0.0699 0.0550 Police Pension 0.0690 0.0589 0.0573 Garbage 0.0524 - - Audit 0.0081 0.0070 0.0073 Liability Insurance 0.0404 0.0391 0.0387 Social Security 0.1084 0.0771 0.0541 School Crossing Guard 0.0065 0.0047 0.0043 Unemployment Insurance 0.0044 0.0065 0.0047 Total Direct Rates 0.4547 0.4164 0.4267 Overlapping Rates Kendall County 0.5925 0.5595 0.5724 Kendall County Forest Preserve 0.0299 0.1292 0.0966 Bristol Township 0.3122 0.2906 0.2921 Bristol - Kendall Fire District 0.5484 0.5738 0.5896 Yorkville - Bristol Sanitary District 0.0339 0.0291 - Yorkville Community Unit School District #115 4.4474 4.4474 4.5923 Waubonsee Community College District #516 0.4005 0.3924 0.3990 Yorkville Public Library 0.3697 0.2210 0.2099 Total Direct and Overlapping Rates 7.1892 7.0594 7.1786 Data Source: Office of the County Clerk Notes: (1) Rates are per $100 of Assessed Value. (2) Representative tax rates for other government units are from Bristol Township 136 2009 2010 2011 2012 2013 2014 2015 0.1138 0.1472 0.2108 0.2354 0.2484 0.2503 0.2380 - 0.4105 0.1477 0.1097 0.0797 0.0397 0.0113 0.0778 0.0804 0.0918 0.1016 0.1071 0.1080 - 0.0584 0.0620 0.0714 0.0790 0.0833 0.0840 0.2407 0.0583 0.0670 0.0900 0.1229 0.1493 0.1694 0.1959 - - - - - - - 0.0095 0.0098 0.0082 0.0068 0.0071 0.0072 0.0069 0.0583 0.0615 0.0082 0.0090 0.0095 0.0096 0.0091 0.0528 0.0546 0.0612 0.0677 0.0714 0.0720 0.0342 0.0042 0.0044 0.0051 0.0056 0.0060 0.0060 - 0.0043 0.0045 0.0102 0.0113 0.0119 0.0120 - 0.4374 0.9019 0.7046 0.7490 0.7738 0.7581 0.7361 0.5734 0.6396 0.6999 0.7446 0.8009 0.8085 0.7909 0.0944 0.1041 0.1205 0.1495 0.1640 0.1826 0.1787 0.2963 0.3246 0.3693 0.3934 0.4239 0.4172 0.3960 0.6007 0.6734 0.7176 0.7356 0.7718 0.8041 0.8077 - - - - - - - 4.6973 5.2767 5.9101 6.7561 7.4081 7.7083 7.8713 0.4037 0.4115 0.4702 0.5306 0.5691 0.5973 0.5885 0.2172 0.2589 0.3042 0.3242 0.3241 0.3299 0.3287 7.3204 8.5907 9.2964 10.3830 11.2357 11.6060 11.6979 137 UNITED CITY OF YORKVILLE, ILLINOIS Property Tax Levies and Collections - Last Ten Fiscal Years April 30, 2016 (Unaudited) Tax Fiscal Levy Percentage Percentage Year Year of Levy of Levy 2007 2005 $1,569,528 $1,566,118 99.78%- $1,566,118 99.78% 2008 2006 1,813,501 1,813,308 99.99%- 1,813,308 99.99% 2009 2007 2,122,133 2,101,984 99.05%- 2,101,984 99.05% 2010 2008 2,420,411 2,407,483 99.47%- 2,407,483 99.47% 2011 2009 2,529,057 2,521,570 99.70%- 2,521,570 99.70% 2012 2010*4,862,185 4,849,681 99.74%- 4,849,681 99.74% 2013 2011*3,452,742 3,435,616 99.50%- 3,435,616 99.50% 2014 2012*3,318,990 3,193,672 96.22%- 3,193,672 96.22% 2015 2013*3,250,204 3,234,448 99.52%- 3,234,448 99.52% 2016 2014*3,159,892 3,146,278 99.57%- 3,146,278 99.57% Data Source: Office of the County Treasurer *** Information for collections in subsequent years is unavailable. Note: Property in the City is reassessed each year. Property is assessed at 33% of actual value. *The 2010,2011,2012,2013 and 2014 tax levy extended amounts include bonds and interest in the amount of $2,212,770, $723,689, $486,150, $334,816 and $165,564, respectively, that were previously abated. **Includes property taxes collected in the current year that may be attributable to prior years.These collections, if any, are immaterial as 99% or greater of the current year's tax levy has historically been collected during the respective fiscal year.Additionally,information to associate any non-current tax collections to a specific tax levy is not readily available. Taxes Collected within the Collections Levied for Fiscal Year of the Levy in Total Collections to Date ** Subsequent Year Amount Years***Amount the Fiscal 138 UNITED CITY OF YORKVILLE, ILLINOIS Estimate of Taxable Sales by Category - Last Ten Calendar Years April 30, 2016 (Unaudited) See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Estimate of Taxable Sales by Category - Last Ten Calendar Years April 30, 2016 (Unaudited) 2006 2007 2008 General Merchandise*$- 51,257 276,566 Food 376,442 390,544 326,495 Drinking and Eating Places 203,071 214,845 230,623 Apparel*- 4,228 19,792 Furniture & H.H. & Radio 44,882 43,654 26,443 Lumber, Building Hardware 556,171 854,375 715,491 Automobile and Filling Stations 109,129 109,474 143,432 Drugs and Miscellaneous Retail 969,694 522,118 347,137 Agriculture and All Others 274,340 284,907 250,300 Manufacturers 124,549 111,043 167,006 Total 2,658,278 2,586,445 2,503,285 City Direct Sales Tax Rate 1.00%1.00%1.00% Data Source: Illinois Department of Revenue - Local Tax Allocation Division Data available for calendar year only. * Data by category is not available from the State of Illinois for categories with less than four taxpayers. However, they are included in the totals. Per the State of Illinois, there must not have been four taxpayers during the year 2006 through 2011. 139 2009 2010 2011 2012 2013 2014 2015 449,732 508,825 555,129 571,210 594,685 593,361 608,996 276,477 258,675 262,556 259,509 266,937 289,897 385,034 236,676 248,772 268,418 279,649 293,131 299,300 332,752 52,413 58,032 68,320 85,797 88,739 87,834 95,975 15,300 21,282 - 7,727 3,370 2,710 2,597 347,804 359,245 352,669 362,987 413,711 446,440 470,357 164,330 187,309 194,135 178,282 156,091 146,062 160,717 372,802 562,570 603,718 582,001 597,615 566,665 362,225 175,964 53,410 58,065 64,558 89,360 161,114 232,923 302,537 323,334 191,287 78,346 89,239 90,998 102,011 2,394,035 2,581,454 2,554,297 2,470,066 2,592,877 2,684,381 2,753,587 1.00%1.00%1.00%1.00%1.00%1.00%1.00% 140 UNITED CITY OF YORKVILLE, ILLINOIS Direct and Overlapping Sales Tax Rates - Last Ten Fiscal Years April 30, 2016 (Unaudited) Local City County Total Fiscal State Sales Tax Non-Home Rule County Public Safety Sales Tax Year Sales Tax to City Sales Tax*Sales Tax Property Rate 2007 5.00%1.00%0.00%0.25%0.50%6.75% 2008 5.00%1.00%0.00%0.25%1.00%7.25% 2009 5.00%1.00%0.00%0.25%1.00%7.25% 2010 5.00%1.00%0.00%0.25%1.00%7.25% 2011 5.00%1.00%0.00%0.25%1.00%7.25% 2012 5.00%1.00%1.00%0.25%1.00%8.25% 2013 5.00%1.00%1.00%0.25%1.00%8.25% 2014 5.00%1.00%1.00%0.25%1.00%8.25% 2015 5.00%1.00%1.00%0.25%1.00%8.25% 2016 5.00%1.00%1.00%0.25%1.00%8.25% Data Source: Illinois Department of Revenue *Non-Home Rule Sales Tax was implemented on January 1, 2012. The above tax rates are for General Merchandise. 141 UNITED CITY OF YORKVILLE, ILLINOIS Ratios of Outstanding Debt by Type - Last Ten Fiscal Years April 30, 2016 (Unaudited) See Following Page UNITED CITY OF YORKVILLE, ILLINOIS Ratios of Outstanding Debt by Type - Last Ten Fiscal Years April 30, 2016 (Unaudited) Fiscal Year 2007 $16,475,000 $695,000 $- $106,890 $19,540,000 2008 16,255,000 570,000 450,000 106,890 19,300,000 2009 15,945,000 430,000 1,277,560 106,890 19,070,000 2010 15,365,000 285,000 1,152,623 1,890 18,855,000 2011 14,715,000 190,000 1,001,079 1,890 18,605,000 2012 13,925,000 95,000 847,825 1,890 18,175,000 2013 13,025,000 - 855,601 1,890 17,905,000 2014 12,520,000 - 940,341 1,890 16,855,000 2015 16,120,000 - 901,907 1,890 15,700,000 2016 15,070,000 - 938,210 1,890 18,555,000 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. (1) See the Schedule of Demographic and Economic Statistics for personal income and population data. * IEPA Loan L17-013000 and L17-115300 were reported as Governmental Activities prior to Fiscal Year 2007. Governmental Activities Business-Type Activities Bonds Certificates Bonds General General Revenue Source Commitments Alternative Obligation and Payable * Other Revenue SourceDebt Obligation and Alternative Loans 142 Percentage of Personal Income (1) $10,423,461 $2,752,666 $1,319,742 $51,312,759 12.65%$4,580 10,198,112 3,062,837 3,114,694 53,057,533 12.38%4,736 9,932,125 2,884,366 2,670,505 52,316,446 11.88%3,107 9,571,912 2,686,846 2,523,422 50,441,693 12.13%2,996 9,064,112 2,483,882 2,296,958 48,357,921 11.43%2,858 8,460,000 2,275,320 2,065,958 45,845,993 10.30%2,655 7,465,000 2,060,997 1,952,534 43,266,022 9.25%2,470 6,680,000 1,880,084 1,919,909 40,797,224 8.70%2,291 5,865,000 1,694,504 1,942,898 42,226,199 8.72%2,325 5,220,000 1,504,138 2,000,619 43,289,857 8.69%2,346 Business-Type Activities Other Per Capita (1) Debt Primary GovernmentCertificatesCommitmentsPayable Total Loans IEPA 143 April 30, 2016 (Unaudited) Percentage of Total Taxable Assessed Fiscal Value of Year Property (1) 2007 $36,015,000 $- $36,015,000 9.03%$3,214 2008 35,555,000 - 35,555,000 6.98%3,173 2009 35,015,000 - 35,015,000 6.17%2,080 2010 34,220,000 - 34,220,000 5.92%2,032 2011 33,320,000 - 33,320,000 6.18%1,969 2012 32,100,000 578,443 31,521,557 6.43%1,826 2013 30,930,000 - 30,930,000 6.98%1,766 2014 29,375,000 - 29,375,000 6.99%1,650 2015 31,820,000 - 31,820,000 7.63%1,752 2016 33,625,000 - 33,625,000 7.98%1,822 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. (1) See the Schedule of Assessed Value and Actual Value of Taxable Property for property value data. (2) See the Schedule of Demographic and Economic Statistics for personal income and population data. Bonds Total Per Capita (2) Less: Amounts Debt Service Available in Revenue Source UNITED CITY OF YORKVILLE, ILLINOIS Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years General Obligation and Alternative 144 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Direct and Overlapping Governmental Activities Debt (2) Percentage of (3) Debt (1)Applicable Governmental Unit to City * United City of Yorkville $16,010,100 100.000%$16,010,100 Overlapping Debt County of Kendall (4)33,413,762 15.97%5,336,178 Forest Preserve District of Kendall County 44,630,000 15.97%7,127,411 Yorkville Community Unit School District #115 76,449,474 59.80%45,716,785 Waubonsee Community College District #516 67,145,000 5.16%3,464,682 Plano Community Unit School District #88 37,086,772 0.35%129,804 Newark Community Consolidated School District #66 1,340,000 0.42%5,628 Total Overlapping Debt 260,065,008 61,780,488 Total Direct and Overlapping Debt 276,075,108 77,790,588 Data Source: Kendall County Tax Extension Department * Determined by ratio of assessed valuation of property subject to taxation in the City to valuation of property subject to taxation in overlapping unit. Notes: (1) As of February 3, 2016. (2) Percentages are based on 2015 EAV's, the latest available. (3) The United City of Yorkville has $86,349,000 in outstanding non-committal debt which is expected to be paid from sources other than City revenues. (4) Includes Public Building Commission. Share of Gross Debt Debt April 30, 2016 (Unaudited) City's 145 UNITED CITY OF YORKVILLE, ILLINOIS Schedule of Legal Debt Margin - Last Ten Fiscal Years 2007 2008 2009 2010 Legal Debt Limit $34,399,488 43,956,278 48,924,406 49,875,653 Total Net Debt Applicable to Limit 19,868,461 19,518,112 19,037,125 18,356,912 Legal Debt Margin 14,531,027 24,438,166 29,887,281 31,518,741 Total Net Debt Applicable to the Limit as a Percentage of Debt Limit 57.76%44.40%38.91%36.81% April 30, 2016 (Unaudited) 146 2011 2012 2013 2014 2015 2016 46,494,682 42,271,572 38,219,342 36,228,651 35,951,450 36,339,051 17,529,112 24,860,000 22,945,000 19,290,000 14,855,000 13,420,000 28,965,570 17,411,572 15,274,342 16,938,651 21,096,450 22,919,051 37.70%58.81%60.04%53.25%41.32%36.93% Assessed Value $421,322,327 Bonded Debt Limit - 8.625% of Assessed Value 36,339,051 Amount of Debt Applicable to Limit 13,420,000 Legal Debt Margin 22,919,051 Legal Debt Margin Calculation for Fiscal Year 2015 147 Governmental Activities Fiscal Year Coverage 2007 $130,078 $696,096 $291,666 $2,676,261 $3,794,101 $90,000 $426,142 7.35 2008 177,205 933,623 328,650 2,506,434 3,945,912 220,000 317,662 7.34 2009 215,853 922,095 307,882 2,500,285 3,946,115 235,000 308,801 7.26 2010 222,927 833,669 434,263 2,446,099 3,936,958 405,000 299,239 5.59 2011 234,718 873,999 425,971 2,569,233 4,103,921 425,000 283,604 5.79 2012 586,590 - 417,416 2,552,483 3,556,489 440,000 267,104 5.03 2013 364,742 - 402,932 2,490,503 3,258,177 460,000 249,609 4.59 2014 315,790 - - 2,586,460 2,902,250 400,000 230,917 4.60 2015 327,984 - - 2,704,651 3,032,635 225,000 56,789 10.76 2016 164,852 144,723 - 2,778,116 3,087,691 255,000 53,550 10.01 Notes: Details regarding the City's outstanding debt can be found in the Notes to the Financial Statements. Series 2014, 2014A and 2015A Bonds are payable from revenues from Sales Taxes and incremental taxes, if any, from the Countryside TIF. Series 2014B Bonds are partially payable from Utility Taxes and Property Taxes. Tax Tax Tax Principal InterestTaxRevenue Utility Fuel Sales UNITED CITY OF YORKVILLE, ILLINOIS Pledged-Revenue Coverage - Last Ten Fiscal Years Property/Municipal Debt Service Motor Property Municipal Net Available April 30, 2016 (Unaudited) Incremental 148 Business-Type Activities Fiscal Year Coverage 2007 $4,326,932 $2,696,903 $1,040,678 $- $2,670,707 $160,000 $708,001 $3.08 2008 4,259,945 2,528,710 1,053,292 - 2,784,527 240,000 777,258 2.74 2009 5,278,990 2,339,379 1,004,980 - 3,944,591 230,000 789,840 3.87 2010 3,738,010 1,978,482 1,277,889 - 3,037,417 235,000 813,634 2.90 2011 4,020,017 1,895,466 1,315,321 - 3,439,872 250,000 804,306 3.26 2012 5,891,708 2,776,270 1,444,426 410,327 4,559,864 260,000 793,668 4.33 2013 4,432,710 2,895,830 1,587,324 1,919,423 5,043,627 270,000 769,100 4.85 2014 3,379,454 1,695,780 1,613,102 1,986,566 5,283,342 1,050,000 759,986 2.92 2015 3,646,020 1,929,555 1,735,422 2,078,061 5,529,948 1,175,000 704,410 2.94 2016 4,493,694 2,386,468 1,715,155 2,126,851 5,949,232 1,245,000 624,002 3.18 Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements. Water and Sewer revenues exclude capital contributions and developer donations. Operating expenses do not include depreciation or amortization expenses. April 30, 2016 (Unaudited) Sewer Revenues Water and Operating UNITED CITY OF YORKVILLE, ILLINOIS Pledged-Revenue Coverage - Last Ten Fiscal Years Principal Interest Less: Debt Service Net Available Revenue Expenses Rule Tax Non-Home Sales Tax State Income 149 School Calendar Population Median Enrollment Unemployment Year (1)Age (1)(2)Rate (3) 2006 11,204 $405,710,177 $43,635 33.2 3,561 2.60% 2007 11,204 428,700,489 45,913 33.2 4,270 3.10% 2008 16,838 440,229,833 46,910 33.2 4,774 3.80% 2009 16,838 415,835,242 44,099 33.2 5,105 6.60% 2010 16,921 423,231,547 44,691 32.4 5,283 6.40% 2011 17,266 445,027,116 46,877 33.5 5,426 5.90% 2012 17,518 467,491,704 49,110 32.9 5,474 5.20% 2013 17,804 468,864,947 49,123 31.1 5,630 8.20% 2014 18,161 484,322,292 50,690 31.6 5,786 6.40% 2015 18,451 498,270,774 52,150 31.6 5,801 4.80% Data Source: (1) U.S. Census Buerau (2) Data provided by School District Administrative Offices (3) Illinois Department of Employment Security, Economic Information and Analysis (4) U.S. Bureau of Economic Analysis: Chicago-Naperville-Elgin Metropolitan Statistical Area Income (4) UNITED CITY OF YORKVILLE, ILLINOIS Demographic and Economic Statistics - Last Ten Calendar Years Personal Income (4) Per Capita Personal April 30, 2016 (Unaudited) 150 UNITED CITY OF YORKVILLE, ILLINOIS Principal Employers - Current Calendar Year and Nine Calendar Years Ago Percentage Percentage of Total of Total City City Employer Rank Employment Rank Employment Raging Waves (Seasonal)450 1 2.66% Wrigley Manufacturing Co.450 1 2.66%400 1 3.57% Super Target 225 2 1.33% Jewel/Osco 150 3 0.89% Newlywed Foods 140 4 0.83%115 3 1.03% Mendards Mega Store 130 5 0.77% Boombah, Inc 130 5 0.77% Kohl's 115 6 0.68% Home Depot 110 7 0.65% Hillside Health Care Center 90 8 0.53% Aurora Speciality Textiles 85 9 0.50% Wheatland Title 85 9 0.50% Yorkville Animal Hospital 65 10 0.38% Rush-Copley Medical Center 65 10 0.38% X-Pac 150 2 1.34% Brenart Eye Clinic 50 4 0.45% C&J Insulation, Inc 40 5 0.36% Cascade Waterworks Co.40 5 0.36% Alpha Precision 28 6 0.25% G.H. Haws & Assoc.25 7 0.22% Meadowvale, Inc.20 8 0.18% 2,290 13.53%868 7.75% Data Source: City Records and Illinois Manufacturers Directory. April 30, 2016 (Unaudited) Employees Employees 2015 Calendar Year 2006 Calendar Year 151 UNITED CITY OF YORKVILLE, ILLINOIS Full-Time and Part-Time Government Employees by Function - Last Ten Fiscal Years 2007 2008 2009 Full Time General Government Administration 15 9 7 Finance N/A 6 6 Community Relations N/A N/A 1 Engineering 5 6 7 Community Development 4 6 5 Public Safety Police Officers 28 29 30 Civilians 4 5 5 Public Works Streets 5 5 5 Water 6 6 6 Sewer 4 4 3 Culture & Recreation Parks 9 9 9 Recreation 7 7 7 Library 4 4 5 Part Time General Government Administration 2 1 - Community Relations N/A N/A 1 Community Development N/A N/A 0 Public Safety Police Officers 1 3 2 Civilians 7 7 7 Parks & Recreation Parks 5 5 1 Recreation 27 33 29 Library 31 35 33 Total 164 180 169 Data Source: City Human Resource Department N/A - Not Available April 30, 2016 (Unaudited) 152 2010 2011 2012 2013 2014 2015 2016 5 4 4 4 4 4 4 5 4 4 4 4 4 4 1 - - - - - - 4 3 - - - - - 4 3 2 3 4 4 4 27 25 25 26 28 29 29 5 3 3 2 3 3 3 6 5 5 5 5 5.3 5.3 6 6 6 5.3 5.3 5.3 5.3 4 3 4 3.3 3.3 3.3 3.3 8 8 8 9 9 8.5 6.5 6 4 4 6 5 5.5 5.5 5 5 5 5 5 4 4 - - - 1 1 - 1 - - - - - - - 1 1 1 2 1 1 1 2 3 5 6 5 6 5 6 6 7 9 10 9 9 2 2 3 4 4 7 7 38 40 40 16 3 23 32 33 30 30 26 25 31 27 168 155 155 136 124 153 156 153 UNITED CITY OF YORKVILLE, ILLINOIS Operating Indicators by Function/Program - Last Ten Fiscal Years 2007 2008 2009 2010 Police Arrests Made 1,506 1,891 1,732 657 Parking Violations N/A N/A N/A 845 Traffic Violations 6,610 9,571 10,891 4,436 Reports Taken 3,290 3,479 3,302 2,798 Calls for Service 15,031 17,523 18,614 13,533 Community Development Permits Issued 1,420 1,173 725 593 Public Works Street Resurfacing (Miles)- 3 - - Snow and Ice Control (Tons of Salt)991 2,448.75 2,274.78 2,213.00 Pothole Repairs (Tons of Asphalt)20 325.21 52.18 246.05 Water Number of Accounts 5,129 5,669 5,862 5,969 Total Annual Consumption (Cubic Feet)N/A N/A 59,363,940 59,485,277 Average Daily Consumption (Cubic Feet)N/A N/A 162,641 162,973 *Police information is presented on a calendar year basis. Operating indicators for 2016 are thru June. Data Source: Various City Departments N/A - Not Available April 30, 2016 (Unaudited) 154 2011 2012 2013 2014 2015 2016 531 700 547 390 183 254 * 918 1,501 846 628 282 234 * 3,729 4,338 4,287 1,097 562 639 * 2,236 1,815 1,813 1,840 897 917 * 12,170 13,311 11,860 11,633 6,267 6,496 * 570 566 593 576 577 681 - - - 2 0.65 2.12 1,900.03 1,986.36 1,080.67 1,349.00 1,509 1,490 226.96 286.43 335.91 252.00 442 610 6,051 5,947 6,189 6,135 6,361 6,465 62,574,451 59,828,300 66,401,150 62,743,823 56,658,370 58,570,769 171,437 163,913 181,921 171,901 155,228 160,468 155 UNITED CITY OF YORKVILLE, ILLINOIS Capital Asset Statistics by Function/Program - Last Ten Fiscal Years 2007 2008 2009 Public Safety Police Stations 1.00 1.00 1.00 Patrol Units N/A N/A N/A Public Works Streets (Miles)41.56 44.29 45.49 Traffic Signals 19.00 26.00 26.00 Storm Sewers (Miles)48.17 54.10 55.65 Water Water Mains (Miles)41.56 46.64 47.37 Fire Hydrants 929 989 1,001 Sewer Sanitary Sewers (Miles)37.88 42.71 43.01 Lift Stations 4.00 5.00 5.00 Data Source: Various City Departments N/A - Not Available April 30, 2016 (Unaudited) 156 2010 2011 2012 2013 2014 2015 2016 1.00 1.00 1.00 1.00 1.00 1.00 1.00 23.00 24.00 19.00 20.00 20.00 22.00 20.00 56.00 59.56 60.79 82.00 83.20 84.31 88.23 26.00 26.00 26.00 26.00 26.00 26.00 26.00 68.90 69.63 72.91 80.43 83.21 83.21 89.52 58.85 59.88 61.97 66.65 68.28 68.28 72.05 1,188 1,207 1,239 1,327 1,349 1,349 1,415 53.43 54.25 55.48 59.29 60.39 60.39 63.82 7.00 7.00 7.00 7.00 7.00 7.00 7.00 157 UNITED CITY OF YORKVILLE, ILLINOIS New Permits and Construction Values - Last Ten Fiscal Years Calendar Permits Permits Permits Permits Year Issued Issued Issued Issued 2007 62 $67,661,597 282 $51,887,148 137 $20,854,148 481 $140,402,893 2008 39 12,776,625 105 18,993,634 52 10,788,180 196 42,558,439 2009 19 11,122,644 56 13,229,042 8 1,600,000 83 25,951,686 2010 11 445,727 43 12,155,740 6 529,607 60 13,131,074 2011 6 4,742,704 43 6,285,744 - - 49 11,028,448 2012 7 1,016,600 69 10,318,804 - - 76 11,335,404 2013 9 3,149,000 83 12,287,740 - - 92 15,436,740 2014 11 3,215,000 73 11,451,799 - - 84 14,666,799 2015 10 38,279,500 72 13,063,555 - - 82 51,343,055 2016 6 1,060,000 98 16,451,049 - - 104 17,511,049 Data Source: City Records Construction Value Construction Value Construction Value Construction Value Residential Construction Multi-Family Total April 30, 2016 (Unaudited) Commercial Construction Residential Construction Single-Family 158 UNITED CITY OF YORKVILLE, ILLNOIS MANAGEMENT LETTER FORTHE FISCAL YEAR ENDED APRIL 30, 20T6 27W457 WARRENVILLE RD. . WARRENVILLE, ILLINOIS 60555Lauterbach &, Amen, LLP PHONE 630.393.1483 . FAX 630.393.2516 www. lauterbachamen.comCERTIFIED PUBLIC ACCOUNTANTS August 22,2016 The Honorable City Mayor Members ofthe City Council United City of Yorkville,Illinois In planning and performing our audit ofthe financial statements ofthe United City of Yorkville (City), Illinois, for the year ended April 30, 2016, we considered its internal control structure in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the intemal control structure. We do not intend to imply that our audit failed to disclose commendable aspects of yow system and structure. For your consideration we herein submit our coÍìments and suggestions which are designed to assist in efflecting improvements in intemal controls and procedures. Those less significant matters, if any, which arose during the course of the audit, were reviewed with management as the audit fieldwork progressed The accompanying comments and recommendations are intended solely for the information and use ofthe Finance Committee, City Council, management, and others within the United City of Yorkville, Illinois. We will review the status of these comments during our next audit engagement. We have already discussed many of these comments and suggestions with various City personnel. We would be pleased to discuss our comments and suggestions in further detail with you at your convenience, to perform any additional study of these matters, or to review the procedwes necessary to bring about desirable changes. We commend the finance department for the well prepared audit package and we appreciate the courtesy and assistance given to us by the entire City staff. l"-tfu¡ 'C"*^\LPLAUTERBACH & AMEN, LLP PRIOR RECOMMEI\DATIONS 1. GASB STATEMENT NO. 67 FINANCIAL REPORTING FOR PENSION PLANS AND GASB STATEMENT NO.ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS Comment In June 2012, the Governmental Accounting Standards Board (GASB) issued Statement No. 67, Finsncial Reportingfor Pension Plans, which applies to individual pension plans issuing their own audited financial statements, and Statement No. 68, Accountíng and Financial Reporting for Pensions, which applies to the state and local government employers that sponsor pension plans. The Statements apply to the reporting of the Illinois Municipal Retirement Fund (IMRF) and Police Pension Fund for the City. The Statements establish standards for measuring and recognizing liabilities, deferred outflows of resources, deferred inflows of resources, and expense/expenditures related to the pension plans. The Statements specifically identify the methods and assumptions that are to be used in calculating and disclosing these pension-related accounts in the financial statements and also provide for additional note disclosures and required supplementary information. The Statements are intended to improve information provided by state and local government employers regarding financial support to their pension plans, and ultimately requires that the total net pension liabilities of the pension plans be recorded on the face of the financial statements of the sponsoring government. GASB Statement No. 67 is applicable to the separately issued financial statements of the pension plan(s) for the year ended April 30, 2015. GASB Statement No. 68 is applicable to the City's financial statements for the year ended April 30, 2016. Recommendation We recommended that the City reach out to the private pension actuary engaged to provide the pension fund actuarial calculations (IMRF will automatically be providing the necessary information to all member agencies) in order to confirm the timeline for implementation and to review requested materials that will be required in order to implement the provisions and requirements of the new Statements. Lauterbach & Amen, LLP will also work directly with the City to assist in the implementation process, including assistance in determining the implementation timeline with the City and private actuary, providing all framework for the financial statements in order to complete the implementation, and assisting in answering any questions or concerns the City or pension fund(s) might have related to the implementation process or requirements. Status As of April 30, 2016, this comment has been implemented and will not be repeated in the future. 2. PRIOR RECOMMENDATIONS - Continued FUNDS \ilITH DEFICIT FUND EOUITY Comment Previously and during the current year-end auditprocedures, we noted funds with deficit fund equity. See the following deficit fund balances at April 30,2016 and April 30,2015: Deficit Fund 4l30lt6 4/30lts Fox Hill Special Service Area Sunflower Special Service Area Countryside TIF $(3,780) (3 1,175) (549,946) (20,108) (604,820) Recommendation We recommended the City investigate the causes of the various deficits and adopt appropriate future funding measures. Management Response Management is aware of the negative equity position of the Countryside TIF Fund and believes that over time the development within the TIF district will yield sufficient property tax increment to meet debt service requirements and eliminate the fund's negative equity. The deficit in the Sunflower Special Service Area Fund is due to one-time expenditures relating to the nattvalization of three detention basins within the SSA. This project will be paid back with SSA property tax proceeds over the next ten years. The deficit in the Fox Hill Special Service Area Fund is due to one-time expenditures relating to maintenance of trails within the SSA. This project will be paid back with SSA property tax proceeds over the next ten years. Status As of April 30, 2016, this comment has not been implemented and will be repeated in the future. Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number CA #1 Tracking Number ADM 2016-59 Annual Treasurer’s Report City Council – October 11, 2016 ADM – 09/21/16 Moved forward to CC consent agenda ADM 2016-59 See attached. Rob Fredrickson Finance Name Department UNITED CITY OF YORKVILLE TREASURER’S REPORT FOR THE FISCAL YEAR ENDING APRIL 30, 2016 I certify that the following is true and correct to the best of my knowledge and belief. ______________________________ Rob Fredrickson Deputy City Treasurer Summary Statement of Operations * Fund Type Beginning Fund Balance / Net Position Revenues Expenditures Other Financing Sources/(Uses) Ending Fund Balance / Net Position * General Fund 4,826,058 14,522,711 11,216,017 (2,441,046) 5,691,706 Library Fund 479,397 1,454,812 1,445,975 25,928 514,162 Parks & Recreation Fund 557,537 641,428 1,775,034 1,076,831 500,762 Citywide Capital Fund 4,684,708 1,378,271 3,256,693 197,622 3,003,908 Special Revenue Funds 667,342 934,051 883,305 46,255 764,343 Debt Service Fund 7,842 179,144 314,229 127,243 - Capital Project Funds 105,577 479,579 631,761 48,446 1,841 Enterprise Funds 48,377,665 5,083,995 5,047,274 3,164,502 51,578,888 Fiduciary Fund 6,422,746 915,183 456,762 - 6,881,167 United City of Yorkville - FOR THE FISCAL YEAR ENDING APRIL 30, 2016: RECEIPTS – GENERAL FUND: PROPERTY TAXES 2,981,426; MUNICIPAL SALES TAX 2,778,116; NON- HOME RULE SALES TAX 2,126,851; ELECTRIC UTILITY TAX 689,084; NATURAL GAS UTILITY TAX 207,551; EXCISE TAX 393,680; TELEPHONE UTILITY TAX 8,499; CABLE FRANCHISE FEES 286,944; HOTEL TAX 80,422; VIDEO GAMING TAX 74,734; AMUSEMENT TAX 201,216; ADMISSIONS TAX 121,799; BUSINESS DISTRICT TAX 368,899; AUTO RENTAL TAX 11,699; STATE INCOME TAX 1,715,155; LOCAL USE TAX 390,605; ROAD & BRIDGE TAX 148,223; PERSONAL PROPERTY REPLACEMENT TAX 16,065; GRANTS 41,069; MISCELLANEOUS INTERGOVERNMENTAL 862; LIQUOR LICENSE 46,442; OTHER LICENSES & PERMITS 3,902; BUILDING PERMITS 163,107; CIRCUIT COURT FINES 43,063; ADMINISTRATIVE ADJUDICATION 24,406; OFFENDER REGISTRATION FEES 220; POLICE TOWS 55,950; GARBAGE SURCHARGE 1,218,991; COLLECTION FEE - YBSD 153,292; LATE PENALTIES 22,972; POLICE SPECIAL DETAIL 6,129; INTEREST 6,395; REIMBURSEMENTS 113,024; RENTAL INCOME 6,905; MISCELLANEOUS INCOME 15,014; TRANSFERS 7,077; TOTAL 14,529,788. FOX HILL SSA FUND: PROPERTY TAXES 7,072; TOTAL 7,072. SUNFLOWER SSA FUND: PROPERTY TAXES 18,608; INTEREST 1; TOTAL 18,609. MOTOR FUEL TAX FUND: MOTOR FUEL TAX 432,820; MFT HIGH GROWTH 41,912; GRANTS 90,839; INTEREST 813; REIMBURSEMENTS 3,564; TRANSFERS 30,951; TOTAL 600,899. 1 CITY WIDE CAPITAL FUND: GRANTS 135,722; DEVELOPMENT FEES 13,227; BUILD PROGRAM PERMIT 85,565; ROAD CONTRIBUTION FEES 40,000; RENEW PROGRAM PERMIT 2,411; ROAD INFRASTRUCTURE FEES 700,156; INTEREST 1,630; REIMBURSEMENTS 399,561; LOAN PROCEEDS 152,183; TRANSFERS 58,060; TOTAL 1,588,515. VEHICLE & EQUIPMENT FUND: DEVELOPMENT FEES 40,765; BUILD PROGRAM PERMIT 43,410; ENGINEERING CAPITAL FEES 3,250; RENEW PROGRAM PERMIT 1,725; DUI FINES 10,803; E-CITATION FEES 571; MOWING INCOME 5,744; CHARGEBACKS 368,642; INTEREST 43; MISCELLANEOUS INCOME 4,627; CAPITAL ASSET SALES 48,446; TOTAL 528,026. DEBT SERVICE FUND: PROPERTY TAXES 164,852; RECAPTURE FEES 10,777; BUILD PROGRAM PERMIT 3,466; RENEW PROGRAM PERMIT 38; INTEREST 11; TRANSFERS 127,243; TOTAL 306,387. WATER FUND: BUILD PROGRAM PERMIT 162,468; WATER SALES 2,456,399; LATE PENALTIES 101,208; METER SALES 38,102; INFASTRUCTURE FEES 717,028; CONNECTION FEES 149,170; INTEREST 5,492; REIMBURSEMENTS 4,605; RENTAL INCOME 56,888; MISCELLANEOUS INCOME 373; BOND PROCEEDS 4,293,723; TRANSFERS 76,275; TOTAL 8,061,731. SEWER FUND: BUILD PROGRAM PERMIT 76,600; RENEW PROGRAM PERMIT 750; MAINTENANCE FEES 821,802; INFRASTRUCTURE FEES 345,416; CONNECTION FEES 129,950; LATE PENALTIES 13,740; RIVER CROSSING FEES 1,548; INTEREST 1,193; REIMBURSEMENTS 1,264; TRANSFERS 1,134,654; TOTAL 2,526,917. LAND CASH FUND: BUILD PROGRAM PERMIT 3,570; LAND CASH PROCEEDS 121,962; TOTAL 125,532. PARKS & RECREATION FUND: SPECIAL EVENTS 100,756; CHILD DEVELOPMENT 110,861; ATHLETICS & FITNESS 163,420; CONCESSION REVENUE 33,432; INTEREST 369; REIMBURSEMENTS 12,890; RENTAL INCOME 70,523; HOMETOWN DAYS 106,579; SPONSORSHIPS & DONATIONS 18,917; MISCELLANEOUS INCOME 23,684; TRANSFERS 1,076,831; TOTAL 1,718,262. LIBRARY OPERATIONS FUND: PROPERTY TAXES 1,369,150; PERSONAL PROPERTY REPLACEMENT TAX 5,324; GRANTS 21,151; DEVELOPMENT FEES 35,350; RENEW PROGRAM PERMIT 750; LIBRARY FINES 8,081; LIBRARY SUBSCRIPTION CARDS 6,038; COPY FEES 2,283; PROGRAM FEES 870; INTEREST 567; RENTAL INCOME 4,396; MISCELLANEOUS INCOME 854; TRANSFERS 25,928; TOTAL 1,480,742. COUNTRYSIDE TIF FUND: PROPERTY TAXES 143,784; INTEREST 5; TOTAL 143,789. DOWNTOWN TIF FUND: PROPERTY TAXES 68,868; INTEREST 3; MISCELLANEOUS INCOME 236; TOTAL 69,107. PAYROLL: 0.01 TO 25,000.00: AGUADO, YARILIZ; ARCARA, NICHOLAS; ARENTSEN, DALE; BAHR, NANCY; BARKER, HOWARD; BATTLE, BETTYE; BAZAN, JEAN; BRADSTREET, PATRICIA; BRETTHAUER, JANET; CARLSON, JARED; COLOSIMO, CARLO; CREADEUR, ROBERT; CYKO, ERICA; DAVIS, CHARLES; DEMPSEY, LISA; DILLON, SALLY; DOHONEY, THOMAS; EBERHARDT, MARIANNE; ESSEX, JANET; FAEDTKE, JESSICA; FRIEDERS, JOEL; 2 FUNKHOUSER, CHRIS; GARDINER, DONALD; GILBERTSON, KRISTIN; GODINEZ, KARINA; GOLINSKI, GARY; GOSS, VIRGINIA; GREZLIK, CATHY; GULBRO, CALEB; GUTZWILER, JOSEPH; HARMON, AUSTIN; HILL, NATHAN; HILL, TERRY; HURT, KAREN; JAKSICH, ZACHARY; KASPER, STEPHANIE; KATHMAN, NICOLE; KATULA, JOSEPH; KIEST, DAVID; KLEEFISCH, GLENN; KNOX, CHERYL; KNUTSON, JOAN; KOCH, KENNETH; KONEN, CHRISTIE; KOT, LARRY; KRIDER, MICHAELA; LACOCO, PRISCILLA; LINDLEY-BOHMAN, KYLIE; LIVINGSTON, KAY; LOEHR, JASON; LOQUERCIO, NICOLE; MAHR, MADISON; MANNING, BARBARA; MATLOCK, JOANNE; MCGRAW-CARPENTER, MELINDA; MEYER, DENNIS; MICHAELS, DOUGLAS; MILLER, CHRISTOPHER; MILSCHEWSKI, JACQUELYN; MINOR, ALLAN; MISPAGEL, BROOKELYN; NICHOLSON, MICHELLE; NIESEN, CATHERINE; NUZZO, MICHELLE; OWENS, ROBIN; PALLESON, CAMERON; PHANDANOUVONG, TAZ; REDMON, ERIC; ROBBINS, KATIE; SALLEE, REBECCA; SCHMIDT, MARGO; SCHOFIELD, LAUREN; SCOTT, TREVOR; SCOTT, TYLER; SEMMLER, JULIA; SIGMON, JODIE; SLAVIN, JAKOB; SLAVIN, JOSHUA; SPEARS, ROSE; STAIE, MICHELLE; STEINHOFF, DAVID; SYGNATOR, PENNY; TARULIS, SEAVER; TEELING, DIANE; TOMLANOVICH, STEVEN; TUDISCO, KATHRYN; VACA, CINDY; VACA, DEREK; VACA, DYLAN; VAN CLEAVE, VIANNE; VELAQUEZ, JUAN; VOGUS, KENNETH; WARREN, BETH; WEATHERLY, HANNAH; WEISS, JENNETTE; WEST, AARON; WILKINSON, PEGGY; WIRTZ, ROBERT. PAYROLL: 25,000.01 TO 50,000.00: AUGUSTINE, SHELLEY; BALOG, KIRSTEN; BAUER, JONATHAN; BROWN, DAVID; GATZ, ANDREW; HARMON, RHIANNON; HERNANDEZ, ADAM; IWANSKI, SHARYL; JACKSON, JAMIE; LONG, DIANE; NELSON, TYLER; OLSEM, PAMELA; RASMUSSON, AMBER; REDMON, STEVEN; REISINGER, BARBARA; SCOTT, WILLIAM; SIMMONS, AMY; SOELKE, THOMAS; WEBER, ROBERT; WEINERT, ANDREA. PAYROLL: 50,000.01 TO 75,000.00: BEHRENS, BRETT; BEHRENS, DAVID; COLLINS, ALBERT; DAVIS, KYLE; DEBORD, DIXIE; DECKER, NICOLE; DYON, JUDY; GERLACH, SARA; HEINEN, CHRISTOPHER; HENNE, DURKIN; HORNER, RYAN; HOULE, ANTHONY; JEKA, CHRIS; KONEN, THOMAS; KUEHLEM, CHRISTOPHER; LAWRENTZ, KEVIN; NELSON, MATTHEW; PAPPAS, PETER; PFISTER, MICHAELEEN; PLECKHAM, DANIEL; REMUS, SHAY; REMUS, SHAY; SCODRO, PETER; SENG, MATTHEW; SOEBBING, ROMAN; WRIGHT, RACHEL. PAYROLL: 75,000.01 TO 100,000.00: CARLYLE, MITCHELL; EVANS, TIMOTHY; GOLDSMITH, RYAN; GRIMES, TOM; HART, ROBBIE; HAYES, CHRISTOPER; HELLAND, JONATHON; HUNTER, JOHN; JELENIEWSKI, ANDREW; KETCHMARK, MATTHEW; KLINGEL, SARAH; KOLOWSKI, TIMOTHY; MCMAHON, PATRICK; MIKOLASEK, RAYMOND; MOTT, STACEY; PFIZENMAIER, BEHR; PICKERING, LISA; PRESNAK, JAMES; RATOS, PETER; SLEEZER, JOHN; SLEEZER, SCOTT; STROUP, SAMUEL. PAYROLL: 100,000.01 TO 125,000.00: BARKSDALE-NOBLE, KRYSTI; DHUSE, ERIC; FREDRICKSON, ROB; HILT, LARRY; KLINGEL, TERRY. PAYROLL: 125,000.01 AND OVER: HART, RICHARD; OLSON, BART; TOTAL 6,143,564; VENDOR DISBURSEMENTS OVER $2,500: ACTION GRAPHIX 3,285; ADVANCED AUTOMATION & CONTROLS 3,429; ADVANCED ROOFING 31,887; AIR VACUUM CORP 14,002; ALL STAR SPORTS INSTRUCTION 19,540; MATTHEW & DEBORAH ALLBEE 10,000; AMALGAMATED BANK OF CHICAGO 798,322; AMERICAN SOCCER COMPANY 3,999; AMPERAGE ELECTRICAL SUPPLY 32,176; JOHATHAN ANDERSON 10,000; ANIRI LLC 4,177; AT&T 12,038; ATLAS BOBCAT 11,536; AURORA AREA CONVENTION & VISITORS BUREAU 3 70,767; BAKER & TAYLOR 25,121; NICHOLAS & NADINA BARNES 10,000; BARR ENGINEERING 4,626; BCI BURKE CO 81,815; PAUL & CRISTY BECVAR 10,000; ASTER & MARIA BENIN 10,000; ROSE BERRY-GOSSMEYER 10,000; BRIAN BETZWISER 73,034; BLUE CROSS BLUE SHIELD 1,295,919; MELISSA BOGGS 5,610; BOOMBAH 9,413; BP AMOCO 2,794; BRISTOL KENDALL FIRE DEPARTMENT 54,000; JUSTINE BRUMMEL 5,081; BSN/PASSON'S/GSC/CONLIN SPORTS 14,740; JOANNE BUCHNER 10,000; BUILDERS ASPHALT 38,235; RYAN & BRIDGETT BURTON 10,000; UNITED COMMUNICATION SYSTEMS 37,484; CAM-VAC 26,771; CAMBRIA SALES CO 7,437; LEROY CAMPBELL 5,611; CAPERS LLC 5,000; CARGILL 112,455; CARSTAR 18,096; CASEY EQUIPMENT CO 35,500; CENTRAL LIMESTONE 4,957; JEFFREY CHOHNACKI 5,248; CINTAS CORP 7,265; ICON ENTERPRISES 18,764; CLARK ENVIRONMENTAL 7,002; JASON CLEMONS 10,000; CARLO COLOSIMO 5,542; COMMERCIAL TIRE SERVICE 10,551; COMMONWEALTH EDISON 79,014; COMPASS MINERALS AMERICA 103,119; CONSTELLATION NEW ENERGY 227,543; D. CONSTRUCTION 680,024; DAIKIN APPLIED 4,450; MARCIA DECARLO 10,000; CHRISTOPHER DEMPSEY 10,000; RICHARD & DEBRA DEVRIES 10,000; DIGITY MEDIA 3,500; DLK, LLC 37,700; DRS SKINNERS AMUSEMENTS 28,077; EDWARD & BRITTANY DUDA 10,000; REBECCA DUNCAN 10,000; DYNEGY ENERGY SERVICES 40,926; FRANK ECCLES 10,000; EJ EQUIPMENT 21,754; ENCAP 100,952; ENGINEERING ENTERPRISES 1,668,694; ROD & PAT ENGSTROM 10,000; EUCLID BEVERAGE 21,897; F & M LANDSCAPE & TREE SERVICE 16,375; FARREN HEATING & COOLING 7,952; FEECE OIL CO 11,342; NOE & OSCAR FLETES 10,000; FIDELITY SECURITY LIFE INSURANCE 13,933; FIRST NATIONAL BANK OMAHA 1,695,470; FIRST NONPROFIT UNEMPLOYEMENT 10,876; RAQUEL HERRERA 4,613; FOX VALLEY TROPHY & AWARDS 6,002; FOX VALLEY SANDBLASTING 5,020; FULTON TECHNOLOGIES 5,517; FUNK TRAILER SALES 8,428; GARDINER KOCH & WEISBERG 90,908; GEN POWER 6,931; JOHN GENENS 10,000; GENEVA CONSTRUCTION 16,586; GLATFELTER UNDERWRITING SERVICES 155,129; CHRISTOPHER GRANDCHAMP 10,000; SHELLY GRISBY 10,000; GROUND EFFECTS 3,156; GUARDIAN 123,815; TIMOTHY HAGGERTY JR. 5,696; MICHAEL HALLES 10,141; BRIAN & SONIA HAMMOND 10,000; LUCAS & MICHELLE HANSON 10,000; BUILDERS PAVING 424,328; HARRIS COMPUTER SYSTEMS 25,392; HAWKINS 11,193; HD SUPPLY WATERWORKS 63,132; HENDERSON PRODUCTS 2,679; MICHAEL & BRITTANY HENDON 10,000; MARCO HERNANDEZ 10,000; HERIBERTO HERNANDEZ 10,000; HI FI EVENTS 13,000; ILLINOIS POWER MARKETING 15,700; HOMER INDUSTRIES 7,050; HR GREEN 57,424; ICE MILLER LLP 7,500; STATE OF ILLINOIS TREASURER 1,003,229; ILLINOIS DEPARTMENT OF TRANSPORTATION 665,412; ILLINOIS EPA 232,081; ILLINOIS LIFT EQUIPMENT 10,900; ILLINOIS STATE POLICE 2,737; ILLINOIS PUBLIC SAFETY AGENCY 6,660; ILLINOIS RAILWAY 4,142; ILLINOIS PUBLIC RISK FUND 168,357; IMAJE RECORDS 5,000; IMPERIAL INVESTMENTS 24,747; INFOR PUBLIC SECTOR 2,926; INFRASTRUCTURE SOLUTIONS 15,400; INGEMUNSON LAW OFFICES 3,800; INLAND CONTINENTAL PROPERTY 171,160; INTERNATIONAL CODES 16,000; ITRON 6,261; IWORQ SYSTEMS 5,750; JAMES E. JAMES 5,739; JMB HVAC 9,350; JOLIET SUSPENSION 2,871; NANCY JUDGE & NORMA GARZA 10,000; JX PERTERBILT 128,807; JASON KALUZNY 10,000; KATHLEEN FIELD ORR & ASSOC 124,574; KENCOM PUBLIC SAFETY DISPATCH 72,679; KENDALL COUNTY CONCRETE 6,024; KENDALL COUNTY COLLECTOR 4,967; KENDALL COUNTY HIGHWAY DEPT 82,750; KENDALL COUNTY COURT SERVICES 2,894; KENDALL COUNTY RECORDER'S OFFICE 6,923; SHAW SUBURBAN MEDIA GROUP 4,448; KENDALL COUNTY CHIEFS OF POLICE 4,247; KENDALL CROSSING 74,940; KENDALL COUNTY 23,951; ZACHARY & PAMELA KLEINPRINZ 10,000; KONICA MINOLTA 7,860; FRANK KRYSTEK 10,000; LANDMARK FORD 19,778; LANER, MUCHIN, DOMBROW, BECKER 37,024; LAUTERBACH & AMEN 36,120; LAYNE CHRISTENSEN CO 99,006; LEN COX & SONS EXCAVATING 6,901; LENNAR CHICAGO 32,890; LLW CONSULTING 9,090; NATHANIAL LOHMANN 10,000; MAD BOMBER FIREWORK PRODUCTION 19,700; CATESHA D. MARKET 5,256; MARTIN PLUMBING & HEATING 5,750; 4 MCCANN 25,148; MCGRATH OFFICE EQUIPMENT 17,019; RANDY MCKIRGAN 14,413; MEADE ELECTRIC CO 7,395; MEADOWBROOK BUILDERS 68,650; MENARDS 226,839; MESIROW INSURANCE SERVICES 22,250; METROPOLITAN INDUSTRIES 10,299; MID AMERICAN WATER 7,275; MIDWEST TAPE 3,763; MILES CHEVROLET 130,737; MATTHEW D. MILLER 2,650; LUCIO & GUADALUPE MONTALVO 10,000; MONTGOMERY LANDSCAPING 3,555; TY W. MORGAN 5,040; NARVICK BROS. LUMBER CO 5,534; NEENAH FOUNDRY 2,510; NEOPOST 6,500; NEW WORLD SYSTEMS 2,750; GARY NEYER 10,000; NICOR GAS 23,588; NORTHERN ILLINOIS UNIVERSITY 9,750; NORTHERN ILLINOIS FENCE 19,997; MICHELE O'HARA 6,220; CYNTHIA O'LEARY 3,969; O'MALLEY WELDING & FABRICATING 3,411; OLIVEJAR GROUP 31,929; OPERATING ENGINEERS APPRENTICE 6,720; OSWEGOLAND PARK DISTRICT 3,850; OVERDRIVE 3,000; PF PETTIBONE & CO 2,516; RYAN PACZKOWSKYJ 10,000; PATTEN INDUSTRIES 8,457; BARNEST PATTON II 10,000; PEPSI-COLA GENERAL BOTTLERS 5,619; MICHAEL PERDUE 10,000; KEVIN PHENEY 10,000; PIONEER ATHLETICS 9,495; ANDREW & URSZULA PITON 10,000; JONATHAN & RAINA PLACZEK 10,000; PLAINFIELD GRADING & EXCAVATING 220,536; PLAYPOWER LT FARMINGTON 3,029; PRAIRIECAT 17,586; PREMIER CARPENTRY 3,670; CAROL & JACK PRICE 10,000; PRIMUS CORP 21,000; PULTE HOMES 108,449; R & R ELECTRICAL CONTRACTORS 38,417; R. SMITS & SONS 3,600; RAGING WAVES 126,699; RATOS, JAMES 24,439; MICHAEL P. RAUEN 4,884; RAY O'HERRON CO 11,279; CHRISTOPHER M & ALEXA RJ REAM 5,163; REESE RECREATION PRODUCTS 5,794; REINDERS 5,563; ROBERT L. RIETZ JR. 3,516; RIVERVIEW FORD 26,462; ROGUE BARRISTER RECORDS 12,311; RUSH TRUCK CENTER 9,215; RUSSO HARDWARE 24,883; S & K EXCAVATING & TRUCKING 32,916; SAC WIRELESS 3,658; EMERGENT SAFETY SUPPLY 2,716; KEITH & MELANIE SARTAIN 10,000; SEBIS DIRECT 9,780; MATTHEW & LORENA SEGRETI 10,000; PETER SELIM 10,000; SERVICE PRINTING CORP 44,267; SERVICEMASTER 14,816; JEFFREY SHUCK 10,000; JEREMY SOLCACICH 10,000; SOUND INCORPORATED 4,499; SWFVCTC 84,406; AARON W. & ELIZABETH L. SOVERN 5,256; SPEEDWAY 86,131; SPEER FINANCIAL 24,502; SPORTSFIELDS 10,907; JONATHAN STAFFORD 10,000; BARRY M & PATRICIA J STAGL 5,052; STANDARD & POORS RATING SERVICES 12,750; STAUDACHER FARMS 4,411; STERLING CODIFIERS 10,312; STEVEN'S SILKSCREENING 6,337; JOHN & MARIA STRIBIAK 10,000; STRYPES PLUS MORE 3,114; SUBURBAN LABORATORIES 6,200; SUPERIOR ASPHALT MATERIALS 2,608; TAPCO 11,539; TIM & JODI TATUM 10,000; THE BANK OF NEW YORK 3,626,403; THE GALE GROUP 3,629; THE LAKOTA GROUP 69,692; SUPERIOR BEVERAGE 4,168; STEVEN THORMAS & KELLY A KOVEN 5,256; THYSSENKRUPP ELEVATOR CORP 3,666; SONJA TIBERI 5,248; TIMOTHY W. SHARPE 2,500; TONYA M. TIRA 4,884; TKB ASSOCIATES 2,719; TODAY'S BUSINESS SOLUTIONS 3,488; TRAFFIC CONTROL CORP 3,905; TRICO MECHANICAL SERVICE GROUP 7,017; TROTTER & ASSOCIATES 49,798; UNDERGROUND PIPE & VALVE CO 4,096; US BANK 162,870; JOSEPH J. DEMARCO 7,200; ROBERT VANDEVEIRE 10,000; VERNE HENNE CONSTRUCTION 7,649; VISU-SEWER OF ILLINOIS 194,565; CHRISTINE M. VITOSH 10,773; DANIEL WALLACE 10,000; TERRY WALTER 10,000; CHRISTOPHER WARD 10,110; WAREHOUSE DIRECT 7,680; BRIAN PARISH 5,702; WATER PRODUCTS 3,465; WATER SOLUTIONS UNLIMITED 16,925; RYAN & ERIN WATSON 10,000; WILLIAM WEIBEL 10,000; WALLY WERDERICH 3,600; SCOTT M. & KELLY J. WEZALIS 5,610; KEVIN & CHRISTINA WHYTE 10,000; MILTON EDWARD WILCOX 5,500; WILKINSON EXCAVATING 3,834; TERRY & KATARZYNA WIMPEE 10,000; WINDING CREEK NURSERY 6,066; KEVIN J. WITTL 5,036; TOM WITZKE 10,000; STEPHEN & MIRELA WOLFORD 10,000; NICHOLAS & AMBER WRIGHT 10,000; YORKVILLE BRISTOL SANITARY DISTRICT 3,178,849; YORKVILLE AREA CHAMBER OF COMMERCE 3,195; YORKVILLE BIG BAND 3,300; YORKVILLE MOWING & LANDSCAPING 29,072; YORKVILLE POSTMASTER 2,667; YORKVILLE SCHOOL DIST #115 125,239; MARLYS J. YOUNG 3,912; EXPENSE DISBURSEMENTS UNDER 2,500 - 224,171; TOTAL 22,102,247. 5 Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: See attached memo. Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number CA #2 Tracking Number EDC 2016-53 202-206 S. Bridge Street TIF Inducement Resolution City Council – October 11, 2016 EDC – 10/04/16 Moved forward to CC consent agenda EDC 2016-53 Majority Approval Resolution to induce a proposed renovation and rehabilitation of a building located within the Downtown TIF Redevelopment Project Area. Krysti J. Barksdale-Noble Community Development Name Department Summary Approval of a Tax Increment Finance (TIF) inducement resolution for the property located at the southeast corner of Hydraulic and South Bridge Street, commonly known as 202-206 South Bridge Street, in the City’s downtown and owned by Anna M. Jaruszewski. Background City staff has been in contact with the owner of the building over the past few months pertaining to the redevelopment of her building which is located within the City’s “Downtown Redevelopment Project Area” (the Downtown TIF”). At the present time, Ms. Jaruszewski, proposes to renovate and rehabilitate the approximately 5,000 square foot structure by reorienting the building’s entrance, upgrading the doors and windows, as well as replacing the furnace and the air conditioning system for long term commercial use which will involve a substantial financial investment. The owner has informed the City that the ability to proceed with the renovation and rehabilitation project will require financial assistance from the City for certain costs to be incurred that meet the standard of a “redevelopment project cost” as defined in the Tax Increment Allocation Redevelopment Act. Without this assistance, the project is not economically viable. In order to preserve the right to request future reimbursement of any eligible redevelopment project costs being incurred prior to the negotiation and approval of a Development Plan and a Memorandum To: Economic Development Committee From: Krysti J. Barksdale-Noble, Community Development Director CC: Bart Olson, City Administrator Date: September 20, 2016 Subject: Jaruszewski TIF Inducement Resolution 202-206 S. Bridge Street Redevelopment Agreement, State law mandates that the Corporate Authority acknowledge that a development plan is being undertaken in order to permit these expenses to be “potentially” reimbursable from future revenues received as a result of the approved plan and project. As you are aware, this TIF inducement resolution makes no guarantee as to the amount or type of assistance to the owner, as these items will get negotiated with the City at a later date. Finally, the resolution specifically states that all undertakings by the City are contingent upon the City’s approval of an agreement for the development of the property. Recommendation Staff recommends approval of the Tax Increment Finance (TIF) inducement resolution with Anna M. Jaruszewski for renovation and rehabilitation of the building located at 202-206 South Bridge Street. Should you have any questions regarding this item; staff will be available at Tuesday night’s meeting to discuss in greater detail. Resolution No. 2016-_____ Page 1 Resolution No. 2016-____ A RESOLUTION OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, TO INDUCE THE REDEVELOPMENT OF CERTAIN PROPERTY WITHIN THE YORKVILLE DOWNTOWN TAX INCREMENT REDEVELOPMENT PROJECT AREA WHEREAS, the United City of Yorkville, Kendall County, Illinois (the “City”), is a duly organized and validly existing municipality of the State of Illinois pursuant to the 1970 Illinois Constitution and the Illinois Municipal Code, as from time to time amended (the “Municipal Code”) (65 ILCS 5/65-1-1-2, et seq.); and, WHEREAS, the Mayor and City Council of the City (the “Corporate Authorities”), as authorized by the Municipal Code, undertook an eligibility study and report with respect to a redevelopment project and plan for a certain area and, based on said report, on June 13, 2006, approved a redevelopment project and plan pursuant to Ordinance No. 2006-46 for said specific area designated by Ordinance No. 2006-47 as the Yorkville Downtown Redevelopment Project Area (the “Project Area”) and by Ordinance No. 2006-48, adopted tax increment financing for the payment and financing of redevelopment project costs incurred within the Project Area pursuant to the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq., (the “TIF Act”); and, WHEREAS, the City has been informed by Anna M. Jaruszewski (the “Developer”), that she owns certain property within the “downtown district” of the City, commonly known as 202-206 S. Bridge Street and identified as parcel number 02-33-154-030, which property is improved with a building of approximately 5,000 square feet and located within the Project Area (the “Subject Property”) and proposes to renovate and rehabilitate the building by reorienting the Resolution No. 2016-_____ Page 2 building entrance, upgrading doors and windows, and replacing the furnace and the air conditioning system for long term commercial use (collectively the “Project”); and, WHEREAS, the Developer has also informed the City that the ability to proceed with the Project requires financial assistance from the City for certain costs to be incurred in connection with the Project which costs would constitute “Redevelopment Project Costs” as such term is defined in the TIF Act; and, WHEREAS, the Developer would like to incur certain costs in connection with the Project prior to the approval of any ordinance authorizing the execution of a redevelopment agreement with the City pertaining to the Project wherein reimbursement for such costs may be considered between the parties subject to certain conditions; and, WHEREAS, the Developer desires such costs related to the redevelopment of the Subject Property be able to qualify for consideration as redevelopment project costs that can be reimbursed utilizing tax increment financing, provided that such costs constitute “Redevelopment Project Costs” as such term is defined in the TIF Act; and, WHEREAS, this Resolution is intended to allow the Developer to incur certain costs relating to the Project that may be considered “Redevelopment Project Costs” as such term is defined in the TIF Act, prior to approval of any ordinance authorizing the execution of a redevelopment agreement with the City, subject to the conditions set forth in Section 3 of this Resolution. NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, as follows: Section 1. That the above recitals are incorporated herein and made a part hereof. Resolution No. 2016-_____ Page 3 Section 2. That the City Council may consider expenditures that are “Redevelopment Project Costs” as such term is defined in the TIF Act, in connection with the Project, incurred prior to the approval and execution of a redevelopment agreement with the Developer, or a successor or assignee of the Developer, to be expenditures that are eligible for reimbursement through the TIF Act to the extent the Project is in furtherance of the redevelopment project and plan for the overall Project Area. Section 3. That all undertakings of the City set forth in this Resolution are specifically contingent upon the City approving and executing a redevelopment agreement with the Developer, or a successor or assignee of the Developer which provides for the redevelopment of the Subject Property, in accordance with the terms and conditions to be negotiated by the parties. Section 4. That any financial assistance rendered to the Developer by the City shall be contingent upon the authority, restrictions, terms and conditions imposed by the TIF Act. Section 5. That this Resolution shall be in full force and effect from and after its passage and approval as provided by law. Passed by the City Council of the United City of Yorkville, Kendall County, Illinois, this _____ day of _______________, 2016. _____________________________________ City Clerk CARLO COLOSIMO ________ KEN KOCH ________ JACKIE MILSCHEWSKI ________ LARRY KOT ________ CHRIS FUNKHOUSER ________ JOEL FRIEDERS ________ DIANE TEELING ________ SEAVER TARULIS ________ Resolution No. 2016-_____ Page 4 Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this _____ day of _______________, 2016. ____________________________________ Mayor Attest: ___________________________________ City Clerk Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number Minutes #1 Tracking Number Minutes of the Regular City Council – September 13, 2016 City Council – October 11, 2016 Majority Approval Approval of Minutes Beth Warren City Clerk Name Department MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, HELD IN THE CITY COUNCIL CHAMBERS, 800 GAME FARM ROAD ON TUESDAY, SEPTEMBER 13, 2016 Mayor Golinski called the meeting to order at 7:00 p.m. and led the Council in the Pledge of Allegiance. City Clerk Warren called the roll. Ward I Koch Present Colosimo Present Ward II Milschewski Present Kot Present Ward III Frieders Present Funkhouser Present Ward IV Tarulis Present Teeling Present Also present: City Clerk Warren, Attorney Gardiner, City Administrator Olson, Police Chief Hart, Deputy Chief of Police Hilt, Public Works Director Dhuse, Finance Director Fredrickson, Assistant City Administrator Willrett, EEI Engineer Sanderson, Community Development Director Barksdale-Noble, Director of Parks and Recreation Evans QUORUM A quorum was established. AMENDMENTS TO THE AGENDA None. PRESENTATIONS Swearing-in of Sergeant John Hunter Mayor Golinski stated that one of his favorite things to do is to promote one of Yorkville's officers to sergeant. Police Chief Hart gave some background on this promotion. Mayor Golinski swore John Hunter in as sergeant. Certificates of Appreciation for Retiring Board/Commission Members Mayor Golinski presented a certificate of appreciation for retiring board member/ commission member Charles Kraupner. Mayor Golinski asked Mr. Kraupner what is the biggest change he has seen. His answer was Grand Reserve. PUBLIC HEARINGS None. CITIZEN COMMENTS ON AGENDA ITEMS None. CONSENT AGENDA 1. Resolution 2016-29 Approving Premises Use Agreement – Senior Services Associates Use of a Portion of the Beecher Community Building – authorize Mayor and City Clerk to execute (ADM 2016-53) Mayor Golinski entertained a motion to approve the consent agenda as presented. So moved by Alderman Milschewski; seconded by Alderman Frieders. Motion approved by a roll call vote. Ayes-8 Nays-0 Colosimo-aye, Milschewski-aye, Tarulis-aye, Frieders-aye, Funkhouser-aye, Koch-aye, Teeling-aye, Kot-aye MINUTES FOR APPROVAL None. BILLS FOR PAYMENT Mayor Golinski stated that the bills were $1,629,433.79. REPORTS MAYOR’S REPORT Appointment of Freedom of Information Officer – Erin Willrett DRAFT The Minutes of the Regular Meeting of the City Council – September 13, 2016 – Page 2 of 3 (CC 2016-53) Mayor Golinski introduced the City's new staff addition, Erin Willrett. He stated that she will be a freedom of information officer for the City. Mayor Golinski entertained a motion to approve the Mayor's appointment of Erin Willrett as a freedom of information act officer. So moved by Alderman Colosimo; seconded by Alderman Funkhouser. Motion approved by a roll call vote. Ayes-8 Nays-0 Koch-aye, Kot-aye, Frieders-aye, Tarulis-aye, Colosimo-aye, Funkhouser-aye, Milschewski-aye, Teeling-aye GC Housing Development Mayor Golinski received a call from Jeff Crane, over the weekend, who is from the GC Housing Development, which is the affordable senior housing development. Mr. Crane informed Mayor Golinski that they received the tax credits from the state of Illinois. Now the project is full speed ahead. Building Permits Mayor Golinski stated that the City received its 100th building permit for year 2016. He stated that this is good, because the City hasn't received 100 permits since 2008. Sales Tax Mayor Golinski stated that the City had its highest sales tax that it has ever had, this past June. Bond Writing Upgrade Mayor Golinski stated that the City's bond writing was upgraded from an A+ to a Double A-. Hometown Days Director of Parks and Recreation Evans reported on Hometown Days. It was the City's highest attended event ever held. PUBLIC WORKS COMMITTEE REPORT No report. ECONOMIC DEVELOPMENT COMMITTEE REPORT Ordinance 2016-51 Amending the City Code as it Relates to Littering (EDC 2016-46) Alderman Koch made a motion to approve an ordinance amending the City Code as it relates to littering and authorize the Mayor and City Clerk to execute; seconded by Alderman Teeling. Motion approved by a roll call vote. Ayes-8 Nays-0 Frieders-aye Tarulis-aye, Colosimo-aye, Funkhouser-aye, Milschewski-aye, Teeling-aye, Koch-aye, Kot-aye Ordinance 2016-25 Extending the New Residential Construction Incentive Program (B.U.I.L.D. Program) (EDC 2016-48) Alderman Koch made a motion to approve an ordinance extending the new residential construction incentive program (B.U.I.L.D.) and authorize the Mayor and City Clerk to execute; seconded by Alderman Funkhouser. Alderman Kot asked what the committee recommendation was. Alderman Koch stated it was 3-0 to give it one more year. Alderman Koch will be supporting this. Alderman Kot believes this is a no brainer. This is the one program that is bringing the rooftops into the community of Yorkville. Mayor Golinski stated Yorkville is doing something right. Motion approved by a roll call vote. Ayes-6 Nays-2 Kot-aye, Frieders-aye, Tarulis-nay, Colosimo-nay, Funkhouser-aye, Milschewski-aye, Teeling-aye, Koch-aye PUBLIC SAFETY COMMITTEE REPORT No report. ADMINISTRATION COMMITTEE REPORT No report. PARK BOARD No report. The Minutes of the Regular Meeting of the City Council – September 13, 2016 – Page 3 of 3 PLANNING AND ZONING COMMISSION Ordinance 2016-53 Approving a Comprehensive Plan and Map Update (PZC 2016-01) Mayor Golinski entertained a motion to approve an ordinance approving a comprehensive plan and map update and authorize the Mayor and City Clerk to execute. So moved by Alderman Frieders; seconded by Alderman Milschewski. Mayor Golinski assumes that the map that was left out was put back in. City Administrator Olson stated there was the one recommended change that was put in the memo for the property. When looking through the document, there were some other exhibits that referenced that property. That change was not made for the packet, but they will be incorporated as long as the Council approves the map as it has been amended. Alderman Frieders and Community Development Director Barksdale Noble discussed the possibility of editing the content. It was also discussed as to why it is considered a living document. Motion approved by a roll call vote. Ayes-8 Nays-0 Frieders-aye Tarulis-aye, Colosimo-aye, Funkhouser-aye, Milschewski-aye, Teeling-aye, Koch-aye, Kot-aye CITY COUNCIL REPORT No report. CITY CLERK’S REPORT No report. COMMUNITY & LIAISON REPORT AACVB Alderman Funkhouser gave a brief update on the AACVB, which has been going through discussions of how to work more closely with the municipal partners. At the last board meeting the executive staff presented a proposal to the board. That proposal will go back to the board this next month. Library Board Alderman Tarulis stated that the Library Board is looking to put together a spec for painting the library. The board is looking for help to put together the documents. He wanted to mention this to the City. STAFF REPORT Election City Administrator Olson said the election season is just a few months away. The petition process starts next week. The City has posted the two municipal election notices on the City's website. ADDITIONAL BUSINESS Scouting Mayor Golinski stated that Thursday September 15, 2016 is blast into scouting. He stated that citizens can check out blastintoscouting.org for more information. EXECUTIVE SESSION Mayor Golinski stated the Council will adjourn for executive session for 1. For litigation 2. Land acquisition 3. Personnel The City Council entered Executive Session at 7:25 p.m. The City Council returned to regular session at 8:01 p.m. CITIZEN COMMENTS None. ADJOURNMENT Mayor Golinski stated meeting adjourned. Meeting adjourned at 8:02 p.m. Minutes submitted by: Beth Warren, City Clerk, City of Yorkville, Illinois Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number Minutes #2 Tracking Number Minutes of the Regular City Council – September 27, 2016 City Council – October 11, 2016 Majority Approval Approval of Minutes Beth Warren City Clerk Name Department MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, HELD IN THE CITY COUNCIL CHAMBERS, 800 GAME FARM ROAD ON TUESDAY, SEPTEMBER 27, 2016 Mayor Golinski called the meeting to order at 7:00 p.m. and led the Council in the Pledge of Allegiance. City Clerk Warren called the roll. Ward I Koch Present Colosimo Present Ward II Milschewski Present Kot Present Ward III Frieders Present Funkhouser Present Ward IV Tarulis Absent Teeling Present Also present: City Clerk Warren, Attorney Gardiner, City Administrator Olson, Police Chief Hart, Deputy Chief of Police Klingel, Public Works Director Dhuse, Finance Director Fredrickson, Assistant City Administrator Willrett, EEI Engineer Morrison, Community Development Director Barksdale-Noble, Director of Parks and Recreation Evans QUORUM A quorum was established. AMENDMENTS TO THE AGENDA None. PRESENTATIONS Swearing-in of Sergeant Behr Pfizenmaier Mayor Golinski stated that one of his favorite things to do is to promoting one of Yorkville's long time officers to sergeant. Mayor Golinski swore Behr Pfizenmaier in as sergeant. Police Chief Hart gave information and background on Sergeant Pfizenmaier. Certificates of Appreciation for Retiring Board/Commission Members Mayor Golinski called Corey Johnson up to the front. Mayor Golinski presented a certificate of appreciation for retiring board member/ commission member Corey Johnson. PUBLIC HEARINGS 1. EDC 2016-47 Boundary Agreement between the United City of Yorkville and the Village of Sugar Grove Please, see attached report of proceedings by the Court Reporter for the public hearing. CITIZEN COMMENTS ON AGENDA ITEMS None. CONSENT AGENDA 1. Ordinance 2016-54 Amending the Code of Ordinances Regulating On-Street Parking (Church Street) – authorize Mayor and City Clerk to execute (PW 2016-63) 2. 2016 RTBR/MFT – Change Order No. 1 – authorize Mayor to execute (PW 2016-64) 3. 2016 RTBR/Additional Work – Change Order No. 1 – authorize Mayor to execute (PW 2016-65) 4. Game Farm Road – Somonauk Street Improvements – Local Public Agency Amendment No. 1 – authorize Mayor to execute (PW 2016-66) 5. Hamman – USPS Water Main (Development Status) – authorize staff to issue a letter of default (PW 2016-67) 6. Solid Waste RFP – authorize staff to issue a request for proposal for Solid Waste Collection Services (PW 2016-61) 7. Monthly Treasurer’s Report for August 2016 (ADM 2016-55) 8. Health Insurance Broker RFP – authorize staff to issue a request for proposal for Employee Benefits Consulting Services (ADM 2016-62) Mayor Golinski entertained a motion to approve the consent agenda as presented. So moved by Alderman Funkhouser; seconded by Alderman Koch. Motion approved by a roll call vote. Ayes-7 Nays-0 Colosimo-aye, Milschewski-aye, Frieders-aye, DRAFT The Minutes of the Regular Meeting of the City Council – September 27, 2016 – Page 2 of 3 Funkhouser-aye, Koch-aye, Teeling-aye, Kot-aye MINUTES FOR APPROVAL 1. Minutes of the Regular City Council – August 23, 2016 Mayor Golinski entertained a motion to approve the minutes of the regular City Council meeting of August 23, 2016 as presented. So moved by Alderman Frieders; seconded by Alderman Colosimo. Alderman Frieders stated that he said the word woo twice and there were no woo words in the minutes. Mayor Golinski stated that the two woo words should be in the minutes. Amended Minutes approved unanimously by a viva voce vote. BILLS FOR PAYMENT Mayor Golinski stated that the bills were $1,220,684.07. REPORTS MAYOR’S REPORT Proclamation for Yorkville Library Mini Golf FUN Raiser Day (CC 2016-54) Mayor Golinski read the proclamation for the Yorkville Library Mini Golf Fun Raiser Day. Mayor Golinski stated that it is a really fun day. (See attached.) Proclamation for Constitution Week (CC 2016-55) Mayor Golinski read the proclamation for Constitution Week. (See attached.) PUBLIC WORKS COMMITTEE REPORT No report. ECONOMIC DEVELOPMENT COMMITTEE REPORT No report. PUBLIC SAFETY COMMITTEE REPORT No report. ADMINISTRATION COMMITTEE REPORT Resolution 2016-30 Regarding Home Rule Powers (ADM 2016-63) Alderman Milschewski made a motion to approve a resolution regarding home rule powers and authorize the Mayor and City Clerk to execute; seconded by Alderman Teeling. Alderman Frieders stated that the Administration Committee had discussed the importance of making sure that the Council members that come after this group of Council members understand that the taxing power is not something that can be surprised upon people. Alderman Frieders stated however the Council moves forward on this issue, he just wants to make sure that that Council doesn't make it a simple swipe of the pen to be able to reaffirm a lot of the home rule powers. The Woodstock Rule is a really good basis, but he wouldn't mind going a little bit stronger to protect future citizens from future boards. Mayor Golinski discussed the memo that City Administrator Olson passed out. This memo lists the eight items that the City would like to focus on. Mayor Golinski discussed these eight items and believes these items would improve Yorkville residents lives if this were to pass. Mayor Golinski fully supports this resolution and referendum. Mayor Golinski said there will be a number of town hall meetings. Alderman Colosimo discussed this resolution. Motion approved by a roll call vote. Ayes-7 Nays-0 Kot-aye, Frieders-aye, Colosimo-aye, Funkhouser-aye, Milschewski-aye, Teeling-aye, Koch-aye PARK BOARD Hometown Days Mayor Golinski asked Director of Parks and Recreation Evans if there were any numbers in for Hometown days, yet. Director of Parks and Recreation Evans said he should have the numbers by next week. PLANNING AND ZONING COMMISSION Kendall Marketplace Sign Variance Update (PZC 2016-03) The Minutes of the Regular Meeting of the City Council – September 27, 2016 – Page 3 of 3 Community Development Director Barksdale-Noble gave the Council information on the Kendall Marketplace Sign Variance. CITY COUNCIL REPORT No report. CITY CLERK’S REPORT No report. COMMUNITY & LIAISON REPORT No report. STAFF REPORT No report. ADDITIONAL BUSINESS Fall Fest Director of Parks and Recreation Evans wanted to remind the City Council that it is Fall Fest this weekend in conjunction with the Knights of Columbus at River Front Park. He listed some of the activities that will be going on at Fall Fest. EXECUTIVE SESSION Mayor Golinski stated the Council will adjourn for executive session for 1. Litigation 2. Property acquisition The City Council entered Executive Session at 7:22 p.m. The City Council returned to regular session at 7:48 p.m. CITIZEN COMMENTS None. ADJOURNMENT Mayor Golinski stated meeting adjourned. Meeting adjourned at 7:48 p.m. Minutes submitted by: Beth Warren, City Clerk, City of Yorkville, Illinois Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number Bills for Payment Tracking Number Bills for Payment (Informational): $715,842.64 City Council – October 11, 2016 None – Informational Amy Simmons Finance Name Department 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 0 8 A A C V B A U R O R A A R E A C O N V E N T I O N 0 7 3 1 1 6 - A L L - C R 0 8 / 3 1 / 1 6 0 1 J U L 2 0 1 6 A L L S E A S O N H O T E L T A X 0 1 - 6 4 0 - 5 4 - 0 0 - 5 4 8 1 3 . 0 0 IN V O I C E T O T A L : 3 . 0 0 * 0 8 3 1 1 6 - A L L 0 9 / 2 6 / 1 6 0 1 A U G 2 0 1 6 A L L S E A S O N H O T E L T A X 0 1 - 6 4 0 - 5 4 - 0 0 - 5 4 8 1 3 9 . 6 5 IN V O I C E T O T A L : 3 9 . 6 5 * 0 8 3 1 1 6 - H A M P T O N 0 9 / 2 6 / 1 6 0 1 A U G 2 0 1 6 H A M P T O N H O T E L T A X 0 1 - 6 4 0 - 5 4 - 0 0 - 5 4 8 1 5 , 2 3 9 . 2 3 IN V O I C E T O T A L : 5 , 2 3 9 . 2 3 * 0 8 3 1 1 6 - S U N S E T 0 9 / 2 6 / 1 6 0 1 A U G 2 0 1 6 S U N S E T H O T E L T A X 0 1 - 6 4 0 - 5 4 - 0 0 - 5 4 8 1 6 1 . 2 0 IN V O I C E T O T A L : 6 1 . 2 0 * 0 8 3 1 1 6 - S U P E R 0 9 / 2 6 / 1 6 0 1 A U G 2 0 1 6 S U P E R 8 H O T E L T A X 0 1 - 6 4 0 - 5 4 - 0 0 - 5 4 8 1 1 , 3 2 6 . 2 9 IN V O I C E T O T A L : 1 , 3 2 6 . 2 9 * CH E C K T O T A L : 6 , 6 6 9 . 3 7 5 2 2 3 0 9 A C T I O N A C T I O N G R A P H I X L T D 2 2 1 2 0 9 / 1 2 / 1 6 0 1 2 P R E S C H O O L Y A R D S I G N S 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 6 8 7 . 0 0 IN V O I C E T O T A L : 8 7 . 0 0 * CH E C K T O T A L : 8 7 . 0 0 5 2 2 3 1 0 A D V D R O O F A D V A N C E D R O O F I N G I N C . 2 0 1 6 1 1 4 0 3 0 6 / 2 7 / 1 6 0 1 R O O F R E P A I R @ 9 0 8 G A M E F A R M R D 2 3 - 2 1 6 - 5 4 - 0 0 - 5 4 4 6 2 , 8 1 7 . 0 0 IN V O I C E T O T A L : 2 , 8 1 7 . 0 0 * CH E C K T O T A L : 2 , 8 1 7 . 0 0 5 2 2 3 1 1 A M P E R A G E A M P E R A G E E L E C T R I C A L S U P P L Y I N C 0 6 5 5 8 6 4 - I N 0 9 / 0 8 / 1 6 0 1 B A L L A S T K I T 1 5 - 1 5 5 - 5 6 - 0 0 - 5 6 4 2 1 4 9 . 6 2 IN V O I C E T O T A L : 1 4 9 . 6 2 * CH E C K T O T A L : 1 4 9 . 6 2 Page 1 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 1 2 A Q U A F I X A Q U A F I X , I N C . 1 9 4 3 7 0 9 / 1 3 / 1 6 0 1 V I T A S T I M G R E A S E 5 2 - 5 2 0 - 5 6 - 0 0 - 5 6 1 3 5 2 3 . 3 7 IN V O I C E T O T A L : 5 2 3 . 3 7 * CH E C K T O T A L : 5 2 3 . 3 7 5 2 2 3 1 3 A T T I N T E R A T & T 4 6 8 9 4 0 3 3 0 4 0 9 / 1 0 / 1 6 0 1 0 9 / 1 0 - 1 0 / 0 9 R O U T E R 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 4 0 4 9 6 . 6 0 IN V O I C E T O T A L : 4 9 6 . 6 0 * CH E C K T O T A L : 4 9 6 . 6 0 5 2 2 3 1 4 B E Y E R D D W A Y N E F B E Y E R 0 9 1 6 1 6 0 9 / 1 6 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 0 8 . 0 0 IN V O I C E T O T A L : 1 0 8 . 0 0 * 0 9 2 2 1 6 0 9 / 2 2 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 0 8 . 0 0 IN V O I C E T O T A L : 1 0 8 . 0 0 * CH E C K T O T A L : 2 1 6 . 0 0 5 2 2 3 1 5 B P A M O C O B P A M O C O O I L C O M P A N Y 4 8 2 3 5 2 2 7 0 8 / 2 4 / 1 6 0 1 A U G 2 0 1 6 G A S O L I N E 0 1 - 2 1 0 - 5 6 - 0 0 - 5 6 9 5 2 4 3 . 8 7 IN V O I C E T O T A L : 2 4 3 . 8 7 * 4 8 4 7 6 1 3 7 0 8 / 2 4 / 1 6 0 1 S E P T 2 0 1 6 G A S O L I N E 0 1 - 2 1 0 - 5 6 - 0 0 - 5 6 9 5 2 4 3 . 8 4 IN V O I C E T O T A L : 2 4 3 . 8 4 * CH E C K T O T A L : 4 8 7 . 7 1 5 2 2 3 1 6 B U G G I T E R B U G G I T - E R S L L C 3 4 0 6 0 9 / 1 4 / 1 6 0 1 S E P T 2 0 1 6 P E S T C O N T R O L 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 2 0 8 5 . 0 0 IN V O I C E T O T A L : 8 5 . 0 0 * CH E C K T O T A L : 8 5 . 0 0 Page 2 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 1 7 C A M B R I A C A M B R I A S A L E S C O M P A N Y I N C . 3 8 0 4 3 0 9 / 2 6 / 1 6 0 1 P A P E R T O W E L , T O I L E T T I S S U E 5 2 - 5 2 0 - 5 6 - 0 0 - 5 6 2 0 1 1 7 . 0 5 IN V O I C E T O T A L : 1 1 7 . 0 5 * 3 8 0 4 4 0 9 / 2 3 / 1 6 0 1 T O I L E T T I S S U E , P A P E R T O W E L 0 1 - 1 1 0 - 5 6 - 0 0 - 5 6 1 0 1 2 5 . 2 4 IN V O I C E T O T A L : 1 2 5 . 2 4 * CH E C K T O T A L : 2 4 2 . 2 9 5 2 2 3 1 8 C A M V A C C A M - V A C I N C . 1 0 7 7 0 9 / 1 9 / 1 6 0 1 T E L E V I S E L A T E R A L S 5 2 - 5 2 0 - 5 4 - 0 0 - 5 4 6 2 1 , 1 2 5 . 0 0 IN V O I C E T O T A L : 1 , 1 2 5 . 0 0 * CH E C K T O T A L : 1 , 1 2 5 . 0 0 5 2 2 3 1 9 C A R G I L L C A R G I L L , I N C 2 9 0 2 9 8 8 3 6 8 0 9 / 0 9 / 1 6 0 1 B U L K R O C K S A L T 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 3 8 3 , 0 6 9 . 5 9 IN V O I C E T O T A L : 3 , 0 6 9 . 5 9 * CH E C K T O T A L : 3 , 0 6 9 . 5 9 5 2 2 3 2 0 C H I T R I B C H I C A G O T R I B U N E 0 0 2 8 6 6 5 5 8 0 9 / 2 6 / 1 6 0 1 H O M E T O W N D A Y S D I S P L A Y A D S 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 2 5 8 0 . 0 0 0 2 K E N D A L L M A R K E T P L A C E S I G N 9 0 - 0 9 9 - 9 9 - 0 0 - 0 0 1 1 2 9 1 . 6 2 0 3 V A R I A N C E P U B L I C H E A R I N G N O T I C E * * C O M M E N T * * IN V O I C E T O T A L : 8 7 1 . 6 2 * CH E C K T O T A L : 8 7 1 . 6 2 5 2 2 3 2 1 C N A S U R E T C N A S U R E T Y 6 1 5 2 6 5 1 9 N - 0 9 1 6 1 6 0 9 / 1 6 / 1 6 0 1 N O T A R Y P U B L I C R E N E W A L - G E R L A C H 0 1 - 2 1 0 - 5 4 - 0 0 - 5 4 6 2 3 0 . 0 0 IN V O I C E T O T A L : 3 0 . 0 0 * CH E C K T O T A L : 3 0 . 0 0 Page 3 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 2 2 C O L L E P R O C O L L E C T I O N P R O F E S S I O N A L S I N C . 2 1 4 8 3 0 - J - 0 6 3 0 1 6 0 6 / 3 0 / 1 6 0 1 C O M M I S S I O N O N C O L L E C T I O N S 5 1 - 5 1 0 - 5 4 - 0 0 - 5 4 6 2 1 1 3 . 6 3 IN V O I C E T O T A L : 1 1 3 . 6 3 * 2 1 4 8 3 0 - J - 0 7 2 9 1 6 0 7 / 2 9 / 1 6 0 1 C O M M I S S I O N O N C O L L E C T I O N S 5 1 - 5 1 0 - 5 4 - 0 0 - 5 4 6 2 4 7 . 3 0 IN V O I C E T O T A L : 4 7 . 3 0 * 2 1 4 8 3 0 - J - 0 8 3 1 1 6 0 8 / 3 1 / 1 6 0 1 C O M M I S S I O N O N C O L L E C T I O N S 5 1 - 5 1 0 - 5 4 - 0 0 - 5 4 6 2 5 0 . 0 0 IN V O I C E T O T A L : 5 0 . 0 0 * CH E C K T O T A L : 2 1 0 . 9 3 5 2 2 3 2 3 C O M E D C O M M O N W E A L T H E D I S O N 1 6 1 3 0 1 0 0 2 2 - 0 8 1 6 0 9 / 1 4 / 1 6 0 1 0 8 / 1 5 - 0 9 / 1 3 B A L L F I E L D S 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 8 0 3 4 1 . 9 8 IN V O I C E T O T A L : 3 4 1 . 9 8 * CH E C K T O T A L : 3 4 1 . 9 8 5 2 2 3 2 4 C O M E D C O M M O N W E A L T H E D I S O N 6 9 6 3 0 1 9 0 2 1 - 0 8 1 6 0 9 / 1 4 / 1 6 0 1 0 8 / 1 2 - 0 9 / 1 3 R T 4 7 & R O S E N W I N K L E 1 5 - 1 5 5 - 5 4 - 0 0 - 5 4 8 2 2 5 . 5 9 IN V O I C E T O T A L : 2 5 . 5 9 * CH E C K T O T A L : 2 5 . 5 9 5 2 2 3 2 5 C O M E D C O M M O N W E A L T H E D I S O N 8 3 4 4 0 1 0 0 2 6 - 0 8 1 6 0 9 / 2 0 / 1 6 0 1 0 8 / 0 1 - 0 9 / 1 9 M I S C S T R E E T L I G H T S 1 5 - 1 5 5 - 5 4 - 0 0 - 5 4 8 2 2 2 5 . 1 5 IN V O I C E T O T A L : 2 2 5 . 1 5 * CH E C K T O T A L : 2 2 5 . 1 5 5 2 2 3 2 6 C O N S T E L L C O N S T E L L A T I O N N E W E N E R G Y 0 0 3 5 2 2 4 4 1 8 0 9 / 2 3 / 1 6 0 1 0 8 / 1 6 - 0 9 / 1 9 3 2 9 9 L E H M A N C R O S S 5 1 - 5 1 0 - 5 4 - 0 0 - 5 4 8 0 8 , 0 7 8 . 6 0 IN V O I C E T O T A L : 8 , 0 7 8 . 6 0 * CH E C K T O T A L : 8 , 0 7 8 . 6 0 Page 4 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 2 7 D H U S E E D H U S E , E R I C 0 9 2 1 1 6 0 9 / 2 1 / 1 6 0 1 A P W A C O N F E R N C E M E A L & T R A V E L 0 1 - 4 1 0 - 5 4 - 0 0 - 5 4 1 5 2 0 4 . 8 7 0 2 R E I M B U R S E M E N T * * C O M M E N T * * 0 3 A P W A C O N F E R N C E M E A L & T R A V E L 5 1 - 5 1 0 - 5 4 - 0 0 - 5 4 1 5 2 0 4 . 8 6 0 4 R E I M B U R S E M E N T * * C O M M E N T * * 0 5 A P W A C O N F E R N C E M E A L & T R A V E L 5 2 - 5 2 0 - 5 4 - 0 0 - 5 4 1 5 2 0 4 . 8 6 0 6 R E I M B U R S E M E N T * * C O M M E N T * * IN V O I C E T O T A L : 6 1 4 . 5 9 * CH E C K T O T A L : 6 1 4 . 5 9 5 2 2 3 2 8 D O R N E R D O R N E R C O M P A N Y 1 3 4 7 7 2 - I N 0 9 / 0 7 / 1 6 0 1 V A L V E P O S I T I O N I N D I C A T O R , R E D 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 4 0 7 0 6 . 5 4 0 2 S P R I N G S , C R A S P R I N G S * * C O M M E N T * * IN V O I C E T O T A L : 7 0 6 . 5 4 * CH E C K T O T A L : 7 0 6 . 5 4 5 2 2 3 2 9 D Y N E G Y D Y N E G Y E N E R G Y S E R V I C E S 1 0 2 3 8 9 3 1 6 0 9 1 0 9 / 2 2 / 1 6 0 1 0 8 / 1 9 - 0 9 / 1 9 4 2 1 P O P L A R 1 5 - 1 5 5 - 5 4 - 0 0 - 5 4 8 2 4 , 4 6 4 . 6 1 IN V O I C E T O T A L : 4 , 4 6 4 . 6 1 * CH E C K T O T A L : 4 , 4 6 4 . 6 1 5 2 2 3 3 0 E E I E N G I N E E R I N G E N T E R P R I S E S , I N C . 6 0 3 5 0 0 8 / 3 1 / 1 6 0 1 B R I S T O L B A Y 6 5 P A R K 0 1 - 6 4 0 - 5 4 - 0 0 - 5 4 6 5 1 , 0 4 2 . 5 0 0 2 I M P R O V E M E N T * * C O M M E N T * * IN V O I C E T O T A L : 1 , 0 4 2 . 5 0 * 6 0 3 6 9 0 8 / 3 1 / 1 6 0 1 D O W N T O W N R E V I T A L I Z A T I O N 0 1 - 6 4 0 - 5 4 - 0 0 - 5 4 6 5 9 2 . 5 0 IN V O I C E T O T A L : 9 2 . 5 0 * CH E C K T O T A L : 1 , 1 3 5 . 0 0 Page 5 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 3 1 E Y E M E D F I D E L I T Y S E C U R I T Y L I F E I N S . 3 6 7 0 4 8 1 0 9 / 2 7 / 1 6 0 1 O C T 2 0 1 6 V I S I O N I N S 0 1 - 1 1 0 - 5 2 - 0 0 - 5 2 2 4 7 2 . 5 0 0 2 O C T 2 0 1 6 V I S I O N I N S 0 1 - 1 2 0 - 5 2 - 0 0 - 5 2 2 4 5 4 . 7 5 0 3 O C T 2 0 1 6 V I S I O N I N S 0 1 - 2 1 0 - 5 2 - 0 0 - 5 2 2 4 5 0 5 . 0 4 0 4 O C T 2 0 1 6 V I S I O N I N S 0 1 - 2 2 0 - 5 2 - 0 0 - 5 2 2 4 4 8 . 9 2 0 5 O C T 2 0 1 6 V I S I O N I N S 0 1 - 4 1 0 - 5 2 - 0 0 - 5 2 2 4 8 8 . 9 3 0 6 O C T 2 0 1 6 V I S I O N I N S 0 1 - 6 4 0 - 5 2 - 0 0 - 5 2 4 2 6 5 . 1 6 0 7 O C T 2 0 1 6 V I S I O N I N S 7 9 - 7 9 0 - 5 2 - 0 0 - 5 2 2 4 9 2 . 0 6 0 8 O C T 2 0 1 6 V I S I O N I N S 7 9 - 7 9 5 - 5 2 - 0 0 - 5 2 2 4 6 6 . 6 0 0 9 O C T 2 0 1 6 V I S I O N I N S 5 1 - 5 1 0 - 5 2 - 0 0 - 5 2 2 4 9 4 . 2 5 1 0 O C T 2 0 1 6 V I S I O N I N S 5 2 - 5 2 0 - 5 2 - 0 0 - 5 2 2 4 4 5 . 9 7 1 1 O C T 2 0 1 6 V I S I O N I N S 8 2 - 8 2 0 - 5 2 - 0 0 - 5 2 2 4 5 4 . 2 4 IN V O I C E T O T A L : 1 , 1 8 8 . 4 2 * CH E C K T O T A L : 1 , 1 8 8 . 4 2 5 2 2 3 3 2 F A R R E N F A R R E N H E A T I N G & C O O L I N G 9 8 4 7 0 9 / 0 9 / 1 6 0 1 B E E C H E R C E N T E R A C R E P A I R 2 3 - 2 1 6 - 5 4 - 0 0 - 5 4 4 6 3 , 4 7 6 . 2 8 IN V O I C E T O T A L : 3 , 4 7 6 . 2 8 * 9 8 5 9 0 9 / 1 8 / 1 6 0 1 R E P L A C E D R U N C A P A C I T O R 2 3 - 2 1 6 - 5 4 - 0 0 - 5 4 4 6 2 5 8 . 5 4 IN V O I C E T O T A L : 2 5 8 . 5 4 * CH E C K T O T A L : 3 , 7 3 4 . 8 2 5 2 2 3 3 3 F E E C E O I L F E E C E O I L C O M P A N Y 3 4 3 8 1 6 9 0 9 / 0 9 / 1 6 0 1 S E P T 2 0 1 6 D I E S E L 0 1 - 4 1 0 - 5 6 - 0 0 - 5 6 9 5 5 2 4 . 5 0 0 2 S E P T 2 0 1 6 D I E S E L 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 9 5 5 2 4 . 5 0 0 3 S E P T 2 0 1 6 D I E S E L 5 2 - 5 2 0 - 5 6 - 0 0 - 5 6 9 5 5 2 4 . 5 0 IN V O I C E T O T A L : 1 , 5 7 3 . 5 0 * CH E C K T O T A L : 1 , 5 7 3 . 5 0 5 2 2 3 3 4 F O X V A L L E F O X V A L L E Y T R O P H Y & A W A R D S Page 6 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 3 4 F O X V A L L E F O X V A L L E Y T R O P H Y & A W A R D S 3 3 4 7 6 0 9 / 2 2 / 1 6 0 1 F A L L F E S T C A R S H O W T R O P H I E S 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 6 2 8 . 0 0 IN V O I C E T O T A L : 2 8 . 0 0 * CH E C K T O T A L : 2 8 . 0 0 5 2 2 3 3 5 F U N X P R E S F U N E X P R E S S 6 7 9 5 5 1 2 2 2 - 0 1 0 9 / 2 1 / 1 6 0 1 P R E S C H O O L & F A L L F E S T S U P P L I E S 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 6 1 3 9 . 7 4 IN V O I C E T O T A L : 1 3 9 . 7 4 * CH E C K T O T A L : 1 3 9 . 7 4 5 2 2 3 3 6 G E N P O W E R G E N P O W E R R S A 0 0 1 9 5 0 1 0 9 / 1 5 / 1 6 0 1 P O R T A B L E L I G H T T O W E R S 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 2 7 , 0 6 1 . 0 0 IN V O I C E T O T A L : 7 , 0 6 1 . 0 0 * CH E C K T O T A L : 7 , 0 6 1 . 0 0 5 2 2 3 3 7 G L A T F E L T G L A T F E L T E R U N D E R W R I T I N G S R V S . 1 3 1 1 8 0 1 0 9 - 1 0 0 9 / 3 0 / 1 6 0 1 L I A B I L I T Y I N S P Y M T # 1 0 0 1 - 6 4 0 - 5 2 - 0 0 - 5 2 3 1 8 , 5 9 4 . 9 6 0 2 L I A B I L I T Y I N S P Y M T # 1 0 0 1 - 6 4 0 - 5 2 - 0 0 - 5 2 3 1 1 , 8 3 9 . 2 0 0 3 L I A B I L I T Y I N S P Y M T # 1 0 5 1 - 5 1 0 - 5 2 - 0 0 - 5 2 3 1 9 0 0 . 7 2 0 4 L I A B I L I T Y I N S P Y M T # 1 0 5 2 - 5 2 0 - 5 2 - 0 0 - 5 2 3 1 4 6 4 . 3 2 0 5 L I A B I L I T Y I N S P Y M T # 1 0 8 2 - 8 2 0 - 5 2 - 0 0 - 5 2 3 1 8 6 6 . 8 0 IN V O I C E T O T A L : 1 2 , 6 6 6 . 0 0 * CH E C K T O T A L : 1 2 , 6 6 6 . 0 0 5 2 2 3 3 8 G R A I N C O G R A I N C O F S . , I N C . 1 0 5 8 0 9 / 2 7 / 1 6 0 1 C Y L I N D E R R E T U R N S 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 2 0 6 1 . 2 2 IN V O I C E T O T A L : 6 1 . 2 2 * Page 7 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 3 8 G R A I N C O G R A I N C O F S . , I N C . 7 8 0 0 2 3 9 1 0 8 / 2 0 / 1 6 0 1 T I R E S R E P L A C E D 0 1 - 4 1 0 - 5 4 - 0 0 - 5 4 9 0 4 2 3 . 7 2 IN V O I C E T O T A L : 4 2 3 . 7 2 * CH E C K T O T A L : 4 8 4 . 9 4 5 2 2 3 3 9 G R O U N D G R O U N D E F F E C T S I N C . 3 5 1 0 5 5 0 9 / 1 4 / 1 6 0 1 P L A Y M A T S 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 4 0 1 , 3 6 0 . 0 0 IN V O I C E T O T A L : 1 , 3 6 0 . 0 0 * 3 5 1 1 8 9 0 9 / 1 5 / 1 6 0 1 E S T A T E / S U N N Y M I X 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 4 0 1 0 4 . 0 0 IN V O I C E T O T A L : 1 0 4 . 0 0 * 3 5 1 2 7 7 0 9 / 1 6 / 1 6 0 1 S T R A W B L A N K E T , P I N S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 4 0 4 7 . 1 5 IN V O I C E T O T A L : 4 7 . 1 5 * 3 5 1 3 3 6 0 9 / 1 6 / 1 6 0 1 2 6 O Z - F A B 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 2 0 6 2 3 . 7 0 IN V O I C E T O T A L : 6 2 3 . 7 0 * CH E C K T O T A L : 2 , 1 3 4 . 8 5 5 2 2 3 4 0 G U A R D E N T G U A R D I A N 0 9 2 1 1 6 0 9 / 2 1 / 1 6 0 1 O C T 2 0 1 6 D E N T A L I N S 0 1 - 1 1 0 - 5 2 - 0 0 - 5 2 2 3 5 2 8 . 9 6 0 2 O C T 2 0 1 6 D E N T A L I N S 0 1 - 1 1 0 - 5 2 - 0 0 - 5 2 3 7 8 4 . 2 6 0 3 O C T 2 0 1 6 D E N T A L I N S 0 1 - 1 2 0 - 5 2 - 0 0 - 5 2 2 3 4 7 1 . 2 1 0 4 O C T 2 0 1 6 D E N T A L I N S 0 1 - 2 1 0 - 5 2 - 0 0 - 5 2 2 3 4 , 1 7 2 . 0 0 0 5 O C T 2 0 1 6 D E N T A L I N S 0 1 - 2 2 0 - 5 2 - 0 0 - 5 2 2 3 3 9 8 . 3 2 0 6 O C T 2 0 1 6 D E N T A L I N S 0 1 - 4 1 0 - 5 2 - 0 0 - 5 2 2 3 7 5 0 . 8 4 0 7 O C T 2 0 1 6 D E N T A L I N S 0 1 - 6 4 0 - 5 2 - 0 0 - 5 2 4 1 4 6 3 . 3 9 0 8 O C T 2 0 1 6 D E N T A L I N S 7 9 - 7 9 0 - 5 2 - 0 0 - 5 2 2 3 7 2 6 . 3 5 0 9 O C T 2 0 1 6 D E N T A L I N S 7 9 - 7 9 5 - 5 2 - 0 0 - 5 2 2 3 5 2 4 . 7 1 1 0 O C T 2 0 1 6 D E N T A L I N S 5 1 - 5 1 0 - 5 2 - 0 0 - 5 2 2 3 7 6 2 . 2 8 1 1 O C T 2 0 1 6 D E N T A L I N S 5 2 - 5 2 0 - 5 2 - 0 0 - 5 2 2 3 3 6 3 . 8 9 Page 8 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 4 0 G U A R D E N T G U A R D I A N 0 9 2 1 1 6 0 9 / 2 1 / 1 6 1 2 O C T 2 0 1 6 D E N T A L I N S 8 2 - 8 2 0 - 5 2 - 0 0 - 5 2 2 3 4 4 0 . 4 8 IN V O I C E T O T A L : 9 , 6 8 6 . 6 9 * CH E C K T O T A L : 9 , 6 8 6 . 6 9 5 2 2 3 4 1 H A W K I N S H A W K I N S I N C 3 9 4 9 3 7 6 0 9 / 0 9 / 1 6 0 1 C H L O R I N E V A C U U M R E G U L A T O R S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 3 8 2 , 1 1 7 . 6 2 IN V O I C E T O T A L : 2 , 1 1 7 . 6 2 * CH E C K T O T A L : 2 , 1 1 7 . 6 2 5 2 2 3 4 2 H D S U P P L Y H D S U P P L Y W A T E R W O R K S , L T D . G 0 5 1 5 2 5 0 8 / 3 0 / 1 6 0 1 6 1 0 0 C F M E T E R S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 6 4 9 9 0 . 0 0 IN V O I C E T O T A L : 9 9 0 . 0 0 * G 0 5 1 6 8 8 0 9 / 0 1 / 1 6 0 1 D R I V E B Y U N I T P A R T S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 6 4 3 0 9 . 7 3 IN V O I C E T O T A L : 3 0 9 . 7 3 * G 0 9 3 2 0 5 0 9 / 1 3 / 1 6 0 1 2 7 5 1 0 R M X U S , W I R E 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 4 0 3 , 4 4 5 . 0 0 IN V O I C E T O T A L : 3 , 4 4 5 . 0 0 * CH E C K T O T A L : 4 , 7 4 4 . 7 3 5 2 2 3 4 3 H O M E D E P O H O M E D E P O T 3 0 1 0 2 6 8 0 9 / 0 2 / 1 6 0 1 P L U G S 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 2 1 7 . 3 6 IN V O I C E T O T A L : 1 7 . 3 6 * 4 0 1 0 1 9 5 0 9 / 0 1 / 1 6 0 1 Z I N C H O S E S W / S H U T O F F S 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 2 2 9 . 8 8 IN V O I C E T O T A L : 2 9 . 8 8 * 4 0 1 0 2 0 8 0 9 / 0 1 / 1 6 0 1 N E U T R A L L U G S 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 2 4 . 8 2 IN V O I C E T O T A L : 4 . 8 2 * CH E C K T O T A L : 5 2 . 0 6 Page 9 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 4 4 I L T R E A S U S T A T E O F I L L I N O I S T R E A S U R E R 5 0 1 0 / 0 1 / 1 6 0 1 R T 4 7 E X P A N S I O N P Y M T # 5 0 1 5 - 1 5 5 - 6 0 - 0 0 - 6 0 7 9 6 , 1 4 8 . 9 0 0 2 R T 4 7 E X P A N S I O N P Y M T # 5 0 5 1 - 5 1 0 - 6 0 - 0 0 - 6 0 7 9 1 6 , 4 6 2 . 0 0 0 3 R T 4 7 E X P A N S I O N P Y M T # 5 0 5 2 - 5 2 0 - 6 0 - 0 0 - 6 0 7 9 4 , 9 1 7 . 9 3 0 4 R T 4 7 E X P A N S I O N P Y M T # 5 0 8 8 - 8 8 0 - 6 0 - 0 0 - 6 0 7 9 6 1 8 . 3 6 IN V O I C E T O T A L : 2 8 , 1 4 7 . 1 9 * CH E C K T O T A L : 2 8 , 1 4 7 . 1 9 5 2 2 3 4 5 I L T R U C K I L L I N O I S T R U C K M A I N T E N A N C E , I N 0 2 7 5 9 1 0 8 / 2 9 / 1 6 0 1 I N S T A L L T H R E A D R E P A I R K I T I N 0 1 - 4 1 0 - 5 4 - 0 0 - 5 4 9 0 5 0 9 . 5 9 0 2 M O U N T I N G H O L E * * C O M M E N T * * IN V O I C E T O T A L : 5 0 9 . 5 9 * CH E C K T O T A L : 5 0 9 . 5 9 5 2 2 3 4 6 I P R F I L L I N O I S P U B L I C R I S K F U N D 3 1 4 7 4 0 9 / 1 4 / 1 6 0 1 N O V 2 0 1 6 W O R K E R C O M P I N S 0 1 - 6 4 0 - 5 2 - 0 0 - 5 2 3 1 8 , 8 3 3 . 8 3 0 2 P / R N O V 2 0 1 6 W O R K E R C O M P I N S 0 1 - 6 4 0 - 5 2 - 0 0 - 5 2 3 1 1 , 8 9 0 . 3 1 0 3 N O V 2 0 1 6 W O R K E R C O M P I N S 5 1 - 5 1 0 - 5 2 - 0 0 - 5 2 3 1 9 2 5 . 7 5 0 4 N O V 2 0 1 6 W O R K E R C O M P I N S 5 2 - 5 2 0 - 5 2 - 0 0 - 5 2 3 1 4 7 7 . 2 2 0 5 N O V 2 0 1 6 W O R K E R C O M P I N S 8 2 - 8 2 0 - 5 2 - 0 0 - 5 2 3 1 8 9 0 . 8 9 IN V O I C E T O T A L : 1 3 , 0 1 8 . 0 0 * CH E C K T O T A L : 1 3 , 0 1 8 . 0 0 5 2 2 3 4 7 I T H A L J J O H N I T H A L 0 9 1 5 1 6 0 9 / 1 5 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 5 4 . 0 0 IN V O I C E T O T A L : 5 4 . 0 0 * 0 9 2 2 1 6 0 9 / 2 2 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 8 1 . 0 0 IN V O I C E T O T A L : 8 1 . 0 0 * CH E C K T O T A L : 1 3 5 . 0 0 Page 10 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 4 8 J E K A C C H R I S J E K A 0 9 1 6 1 6 0 9 / 1 6 / 1 6 0 1 E V I D E N C E T E C H C L A S S M E A L 0 1 - 2 1 0 - 5 4 - 0 0 - 5 4 1 5 5 2 . 6 4 0 2 R E I M B U R S E M E N T * * C O M M E N T * * IN V O I C E T O T A L : 5 2 . 6 4 * CH E C K T O T A L : 5 2 . 6 4 5 2 2 3 4 9 J I M S T R C K J I M ' S T R U C K I N S P E C T I O N L L C 1 6 3 2 1 0 0 9 / 1 6 / 1 6 0 1 T R U C K I N S P E C T I O N 5 2 - 5 2 0 - 5 4 - 0 0 - 5 4 9 0 3 0 . 0 0 IN V O I C E T O T A L : 3 0 . 0 0 * CH E C K T O T A L : 3 0 . 0 0 5 2 2 3 5 0 K C S H E R I F K E N D A L L C O . S H E R I F F ' S O F F I C E F E B 2 0 1 6 - K E N D A L L 0 9 / 2 6 / 1 6 0 1 K E N D A L L C O F T A F E E 0 1 - 0 0 0 - 2 4 - 0 0 - 2 4 1 2 7 0 . 0 0 0 2 R E I M B U R S E M E N T * * C O M M E N T * * IN V O I C E T O T A L : 7 0 . 0 0 * CH E C K T O T A L : 7 0 . 0 0 5 2 2 3 5 1 K O L O W S K T T I M O T H Y K O L O W S K I 0 9 1 5 1 6 0 9 / 1 5 / 1 6 0 1 N E M R T F T O C L A S S M E A L 0 1 - 2 1 0 - 5 4 - 0 0 - 5 4 1 5 3 5 . 6 6 0 2 R E I M B U R S E M E N T * * C O M M E N T * * IN V O I C E T O T A L : 3 5 . 6 6 * CH E C K T O T A L : 3 5 . 6 6 5 2 2 3 5 2 L A Y N E L A Y N E C H R I S T E N S E N C O M P A N Y 8 9 0 8 5 8 7 8 0 8 / 1 6 / 1 6 0 1 W E L L # 4 R E H A B I L I T A T I O N 5 1 - 5 1 0 - 6 0 - 0 0 - 6 0 2 2 2 7 , 0 6 7 . 5 0 IN V O I C E T O T A L : 2 7 , 0 6 7 . 5 0 * CH E C K T O T A L : 2 7 , 0 6 7 . 5 0 Page 11 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 5 3 L I N D H O L J J A C O B L I N D H O L M 0 9 2 0 1 6 0 9 / 2 0 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 0 0 . 0 0 IN V O I C E T O T A L : 1 0 0 . 0 0 * CH E C K T O T A L : 1 0 0 . 0 0 5 2 2 3 5 4 M E A D E M E A D E E L E C T R I C C O M P A N Y , I N C . 6 7 4 3 8 5 0 9 / 1 2 / 1 6 0 1 U S 3 4 & 1 2 6 S I G N A L R E P A I R 0 1 - 4 1 0 - 5 4 - 0 0 - 5 4 3 5 6 6 1 . 5 4 IN V O I C E T O T A L : 6 6 1 . 5 4 * CH E C K T O T A L : 6 6 1 . 5 4 5 2 2 3 5 5 M E N L A N D M E N A R D S - Y O R K V I L L E 5 6 0 3 7 - 1 6 0 9 / 0 1 / 1 6 0 1 G L O V E S 0 1 - 4 1 0 - 5 6 - 0 0 - 5 6 0 0 9 . 9 9 0 2 P U M I C E 5 2 - 5 2 0 - 5 6 - 0 0 - 5 6 2 0 9 . 9 9 0 3 R A T C H E T X 0 1 - 4 1 0 - 5 6 - 0 0 - 5 6 3 0 6 7 . 9 8 IN V O I C E T O T A L : 8 7 . 9 6 * CH E C K T O T A L : 8 7 . 9 6 5 2 2 3 5 6 M E N L A N D M E N A R D S - Y O R K V I L L E 5 6 5 1 9 0 9 / 0 6 / 1 6 0 1 W E L L P I P E W I R E S P L I C E K I T , 1 5 - 1 5 5 - 5 6 - 0 0 - 5 6 4 2 1 8 . 0 1 0 2 C O N D U I T * * C O M M E N T * * IN V O I C E T O T A L : 1 8 . 0 1 * CH E C K T O T A L : 1 8 . 0 1 5 2 2 3 5 7 M E N L A N D M E N A R D S - Y O R K V I L L E 5 6 7 5 0 0 9 / 0 9 / 1 6 0 1 B O A R D S , U T I L I T Y B L A D E 2 3 - 2 1 6 - 5 6 - 0 0 - 5 6 5 6 8 9 . 5 8 IN V O I C E T O T A L : 8 9 . 5 8 * 5 6 7 6 6 - 1 6 0 9 / 0 9 / 1 6 0 1 H O L E S A W 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 3 0 1 1 . 4 9 IN V O I C E T O T A L : 1 1 . 4 9 * Page 12 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 5 7 M E N L A N D M E N A R D S - Y O R K V I L L E 5 6 7 6 8 0 9 / 0 9 / 1 6 0 1 H O L E S A W 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 3 0 9 . 9 9 IN V O I C E T O T A L : 9 . 9 9 * 5 7 0 9 4 0 9 / 1 3 / 1 6 0 1 N A I L S , F I B E R G L A S S , M A R K I N G 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 2 0 9 4 . 3 1 0 2 P A I N T , B R A I D E D M A S O N L I N E * * C O M M E N T * * IN V O I C E T O T A L : 9 4 . 3 1 * 5 7 1 0 1 0 9 / 1 3 / 1 6 0 1 H O R N E T & W A S P K I L L E R 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 2 0 8 . 9 1 IN V O I C E T O T A L : 8 . 9 1 * 5 7 1 2 3 0 9 / 1 3 / 1 6 0 1 W I N D E X , P A P E R T O W E L S 2 3 - 2 1 6 - 5 6 - 0 0 - 5 6 5 6 1 6 . 9 7 IN V O I C E T O T A L : 1 6 . 9 7 * 5 7 1 8 8 0 9 / 1 4 / 1 6 0 1 F I B E R G L A S S 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 2 0 1 1 . 8 9 IN V O I C E T O T A L : 1 1 . 8 9 * 5 7 1 8 9 0 9 / 1 4 / 1 6 0 1 S T U D S 0 1 - 4 1 0 - 5 6 - 0 0 - 5 6 2 0 6 . 1 5 IN V O I C E T O T A L : 6 . 1 5 * 5 7 2 0 3 0 9 / 1 4 / 1 6 0 1 D U C T S E A L I N G C O M P O U N D , 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 2 0 6 . 9 7 0 2 S C R E W D R I V E R . C L I P S * * C O M M E N T * * IN V O I C E T O T A L : 6 . 9 7 * 5 7 2 0 6 0 9 / 1 4 / 1 6 0 1 B A T T E R I E S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 6 5 1 1 . 9 7 IN V O I C E T O T A L : 1 1 . 9 7 * 5 7 3 8 9 0 9 / 1 6 / 1 6 0 1 M P S T A R T E R , B A T T E R I E S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 6 5 2 7 . 9 2 IN V O I C E T O T A L : 2 7 . 9 2 * 5 7 7 6 8 - 1 6 0 9 / 2 0 / 1 6 0 1 A D A P T E R S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 2 0 5 . 3 2 IN V O I C E T O T A L : 5 . 3 2 * 5 7 9 0 5 0 9 / 2 1 / 1 6 0 1 W O R K G L O V E S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 0 0 6 . 4 7 0 2 B A T T E R I E S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 2 0 6 . 8 9 IN V O I C E T O T A L : 1 3 . 3 6 * Page 13 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 5 7 M E N L A N D M E N A R D S - Y O R K V I L L E 5 7 9 5 0 0 9 / 2 2 / 1 6 0 1 S E C U R I T Y B I T S E T 0 1 - 4 1 0 - 5 6 - 0 0 - 5 6 3 0 4 . 9 9 IN V O I C E T O T A L : 4 . 9 9 * 5 7 9 7 1 0 9 / 2 2 / 1 6 0 1 M E T A L C U T T I N G W H E E L S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 3 0 1 0 . 3 2 IN V O I C E T O T A L : 1 0 . 3 2 * 5 8 0 5 8 0 9 / 2 3 / 1 6 0 1 V E H I C L E & B O A T W A S H 5 2 - 5 2 0 - 5 6 - 0 0 - 5 6 2 0 9 . 9 9 IN V O I C E T O T A L : 9 . 9 9 * 5 8 0 7 0 - 1 6 0 9 / 2 3 / 1 6 0 1 D U C T S E A L I N G C O M P O U N D 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 2 0 1 . 9 9 IN V O I C E T O T A L : 1 . 9 9 * 5 8 0 7 2 0 9 / 2 3 / 1 6 0 1 B U L B S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 3 8 1 4 . 9 9 IN V O I C E T O T A L : 1 4 . 9 9 * 5 8 0 7 3 0 9 / 2 3 / 1 6 0 1 C O N N E C T T W I N V A L V E 2 3 - 2 1 6 - 5 6 - 0 0 - 5 6 5 6 2 . 9 9 IN V O I C E T O T A L : 2 . 9 9 * CH E C K T O T A L : 3 6 0 . 1 0 5 2 2 3 5 8 M I D A M M I D A M E R I C A N W A T E R 1 2 9 1 7 7 A 0 9 / 1 2 / 1 6 0 1 V A L V C O C L E A N O U T C O V E R 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 4 0 2 5 2 . 0 0 IN V O I C E T O T A L : 2 5 2 . 0 0 * CH E C K T O T A L : 2 5 2 . 0 0 5 2 2 3 5 9 N A N C O N A N C O S A L E S C O M P A N Y , I N C . 8 8 9 8 0 9 / 2 1 / 1 6 0 1 P A P E R T O W E L , T O I L E T T I S S U E , 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 4 0 1 0 6 . 9 7 0 2 G A R B A G E B A G S * * C O M M E N T * * IN V O I C E T O T A L : 1 0 6 . 9 7 * CH E C K T O T A L : 1 0 6 . 9 7 Page 14 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 6 0 N A T E N T E C N A T I O N A L E N T E R T A I N M E N T 1 6 0 9 1 6 0 0 3 0 9 / 1 6 / 1 6 0 1 6 , 0 0 0 H A R V E S T T O Y & C A N D Y 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 6 7 2 0 . 0 0 0 2 F I L L E D E G G S * * C O M M E N T * * IN V O I C E T O T A L : 7 2 0 . 0 0 * CH E C K T O T A L : 7 2 0 . 0 0 5 2 2 3 6 1 N I C O R N I C O R G A S 0 7 - 7 2 - 0 9 - 0 1 1 7 7 - 0 8 1 6 0 9 / 1 2 / 1 6 0 1 0 8 / 1 1 - 0 9 / 1 2 1 3 0 1 C A R O L Y N C T 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 8 0 2 4 . 1 5 IN V O I C E T O T A L : 2 4 . 1 5 * 4 5 - 1 2 - 2 5 - 4 0 8 1 3 - 0 8 1 6 0 9 / 1 3 / 1 6 0 1 0 8 / 1 0 - 0 9 / 0 9 2 0 1 W H Y D R A U L I C 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 8 0 3 6 . 5 6 IN V O I C E T O T A L : 3 6 . 5 6 * 4 9 - 2 5 - 6 1 - 1 0 0 0 5 - 0 8 1 6 0 9 / 1 3 / 1 6 0 1 0 8 / 1 0 - 0 9 / 0 9 1 V A N E M M O N 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 8 0 4 6 . 0 5 IN V O I C E T O T A L : 4 6 . 0 5 * CH E C K T O T A L : 1 0 6 . 7 6 5 2 2 3 6 2 N I U G R A N T N O R T H E R N I L L I N O I S U N I V E R S I T Y P R I 1 6 8 1 0 9 / 1 6 / 1 6 0 1 S E P T 2 0 1 6 M A N A G E M E N T I N T E R N 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 6 2 1 , 3 0 0 . 0 0 IN V O I C E T O T A L : 1 , 3 0 0 . 0 0 * CH E C K T O T A L : 1 , 3 0 0 . 0 0 5 2 2 3 6 3 O H A R A M M I C H E L E O ' H A R A 0 9 2 6 1 6 0 9 / 2 6 / 1 6 0 1 P I A N O L E S S O N I N S T R U C T I O N 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 , 2 8 8 . 0 0 IN V O I C E T O T A L : 1 , 2 8 8 . 0 0 * CH E C K T O T A L : 1 , 2 8 8 . 0 0 5 2 2 3 6 4 O H E R R O N O R A Y O ' H E R R O N C O M P A N Y Page 15 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 6 4 O H E R R O N O R A Y O ' H E R R O N C O M P A N Y 1 6 5 2 9 9 4 - I N 0 9 / 2 0 / 1 6 0 1 V O R T E X I I 0 1 - 2 1 0 - 5 6 - 0 0 - 5 6 0 0 6 6 1 . 8 9 IN V O I C E T O T A L : 6 6 1 . 8 9 * CH E C K T O T A L : 6 6 1 . 8 9 5 2 2 3 6 5 O L E A R Y C C Y N T H I A O ' L E A R Y 2 0 1 6 S O C C E R 0 9 / 2 7 / 1 6 0 1 S O C C E R 2 0 1 6 A S S I G N I N G F E E P E R 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 8 4 . 0 0 0 2 O F F I C I A L P E R G A M E * * C O M M E N T * * IN V O I C E T O T A L : 8 4 . 0 0 * 2 0 1 6 Y O R K R E C 1 1 U 0 9 / 2 8 / 1 6 0 1 F A L L 2 0 1 6 A S S I G N I N G F E E P E R 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 1 0 . 0 0 0 2 O F F I C I A L P E R G A M E * * C O M M E N T * * IN V O I C E T O T A L : 1 1 0 . 0 0 * CH E C K T O T A L : 1 9 4 . 0 0 5 2 2 3 6 6 O M A L L E Y O ' M A L L E Y W E L D I N G & F A B R I C A T I N G 1 7 2 3 1 0 9 / 0 2 / 1 6 0 1 H E A V Y D U T Y S I G N P O S T D R I V E R 7 9 - 7 9 0 - 5 4 - 0 0 - 5 4 9 5 9 5 . 0 0 IN V O I C E T O T A L : 9 5 . 0 0 * CH E C K T O T A L : 9 5 . 0 0 5 2 2 3 6 7 P A R A D I S E P A R A D I S E C A R W A S H 0 9 1 9 1 6 - P R 0 9 / 1 9 / 1 6 0 1 C A R W A S H 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 9 5 8 . 0 0 IN V O I C E T O T A L : 8 . 0 0 * CH E C K T O T A L : 8 . 0 0 5 2 2 3 6 8 P A W L O W S M M A R K P A W L O W S K I 0 9 1 5 1 6 0 9 / 1 5 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 0 8 . 0 0 IN V O I C E T O T A L : 1 0 8 . 0 0 * CH E C K T O T A L : 1 0 8 . 0 0 Page 16 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 6 9 R 0 0 0 0 1 9 6 D O R I S D A S Z K I E W I C Z 0 9 2 1 1 6 0 9 / 2 1 / 1 6 0 1 R E F U N D O V E R P A Y M E N T O F F I N A L 0 1 - 0 0 0 - 1 3 - 0 0 - 1 3 7 1 2 4 9 . 8 3 0 2 B I L L F O R A C C T # 0 1 0 2 5 9 0 2 5 1 - 0 5 * * C O M M E N T * * IN V O I C E T O T A L : 2 4 9 . 8 3 * CH E C K T O T A L : 2 4 9 . 8 3 5 2 2 3 7 0 R 0 0 0 0 5 9 4 B R I A N B E T Z W I S E R 1 0 0 1 1 6 - 9 5 1 0 / 0 1 / 1 6 0 1 1 8 5 W O L F S T P Y M T # 9 5 2 5 - 2 1 5 - 9 2 - 0 0 - 8 0 0 0 3 , 4 4 5 . 8 9 0 2 1 8 5 W O L F S T P Y M T # 9 5 2 5 - 2 1 5 - 9 2 - 0 0 - 8 0 5 0 2 , 4 5 5 . 4 1 0 3 1 8 5 W O L F S T P Y M T # 9 5 2 5 - 2 2 5 - 9 2 - 0 0 - 8 0 0 0 1 0 7 . 9 6 0 4 1 8 5 W O L F S T P Y M T # 9 5 2 5 - 2 2 5 - 9 2 - 0 0 - 8 0 5 0 7 6 . 9 3 IN V O I C E T O T A L : 6 , 0 8 6 . 1 9 * CH E C K T O T A L : 6 , 0 8 6 . 1 9 5 2 2 3 7 1 R 0 0 0 0 8 9 4 P R E M I E R A S S E T S E R V I C E S 0 9 2 1 1 6 0 9 / 2 1 / 1 6 0 1 R E F U N D O V E R P A Y M E N T O F F I N A L 0 1 - 0 0 0 - 1 3 - 0 0 - 1 3 7 1 6 0 . 1 7 0 2 B I L L F O R A C C T # 0 2 0 8 2 7 2 9 1 0 - 0 4 * * C O M M E N T * * IN V O I C E T O T A L : 6 0 . 1 7 * CH E C K T O T A L : 6 0 . 1 7 5 2 2 3 7 2 R 0 0 0 1 5 5 7 C A L A T L A N T I C H O M E S 8 0 2 C A U L F I E L D P T 0 9 / 2 6 / 1 6 0 1 S E C U R I T Y G U A R A N T E E R E F U N D 0 1 - 0 0 0 - 2 4 - 0 0 - 2 4 1 5 5 , 0 0 0 . 0 0 IN V O I C E T O T A L : 5 , 0 0 0 . 0 0 * CH E C K T O T A L : 5 , 0 0 0 . 0 0 5 2 2 3 7 3 R 0 0 0 1 7 3 4 K E V I N S C H M I E D E R 0 9 2 1 1 6 0 9 / 2 1 / 1 6 0 1 R E F U N D O V E R P A Y M E N T O F F I N A L 0 1 - 0 0 0 - 1 3 - 0 0 - 1 3 7 1 5 1 . 1 6 Page 17 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 7 3 R 0 0 0 1 7 3 4 K E V I N S C H M I E D E R 0 9 2 1 1 6 0 9 / 2 1 / 1 6 0 2 B I L L F O R A C C T # 0 2 0 8 0 2 5 2 7 0 - 0 1 * * C O M M E N T * * IN V O I C E T O T A L : 5 1 . 1 6 * CH E C K T O T A L : 5 1 . 1 6 5 2 2 3 7 4 R E I N D E R S R E I N D E R S , I N C . 1 6 5 2 7 0 4 - 0 0 0 8 / 2 9 / 1 6 0 1 L U G N U T S , W H E E L L U G S T U D 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 4 0 8 4 . 9 8 IN V O I C E T O T A L : 8 4 . 9 8 * 1 6 5 2 7 1 7 - 0 0 0 8 / 2 9 / 1 6 0 1 N U T S , S P R I N G E X T E N S I O N , B O L T S 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 4 0 3 1 . 8 8 IN V O I C E T O T A L : 3 1 . 8 8 * 1 6 5 2 7 1 7 - 0 1 0 8 / 3 1 / 1 6 0 1 B O L T S 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 4 0 4 . 9 3 IN V O I C E T O T A L : 4 . 9 3 * CH E C K T O T A L : 1 2 1 . 7 9 5 2 2 3 7 5 R I E T Z R R O B E R T L . R I E T Z J R . 0 9 2 2 1 6 0 9 / 2 2 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 0 8 . 0 0 IN V O I C E T O T A L : 1 0 8 . 0 0 * CH E C K T O T A L : 1 0 8 . 0 0 5 2 2 3 7 6 R O G G E N B T T O B I N L . R O G G E N B U C K 0 9 1 7 1 6 0 9 / 1 7 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 0 5 . 0 0 IN V O I C E T O T A L : 1 0 5 . 0 0 * CH E C K T O T A L : 1 0 5 . 0 0 5 2 2 3 7 7 R U S S P O W E R U S S O H A R D W A R E I N C . 3 4 6 6 0 0 2 0 9 / 1 9 / 1 6 0 1 D E C K I D L E R A R M , B O L T S , N U T S , 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 4 0 8 4 . 1 3 Page 18 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 7 7 R U S S P O W E R U S S O H A R D W A R E I N C . 3 4 6 6 0 0 2 0 9 / 1 9 / 1 6 0 2 R O L L E R * * C O M M E N T * * IN V O I C E T O T A L : 8 4 . 1 3 * 3 4 7 6 2 7 8 0 9 / 2 3 / 1 6 0 1 R A P T O R T R I M E R L I N E S T A R T , 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 2 0 7 3 . 9 8 0 2 P R U N E R * * C O M M E N T * * IN V O I C E T O T A L : 7 3 . 9 8 * 3 4 7 6 2 8 1 0 9 / 2 3 / 1 6 0 1 B U S H I N G 7 9 - 7 9 0 - 5 6 - 0 0 - 5 6 4 0 6 . 9 5 IN V O I C E T O T A L : 6 . 9 5 * CH E C K T O T A L : 1 6 5 . 0 6 5 2 2 3 7 8 S E B I S S E B I S D I R E C T 2 1 9 4 0 0 9 / 1 5 / 1 6 0 1 A U G 2 0 1 6 U T I L I T Y B I L L I N G 0 1 - 1 2 0 - 5 4 - 0 0 - 5 4 3 0 2 8 9 . 2 6 0 2 A U G 2 0 1 6 U T I L I T Y B I L L I N G 0 1 - 1 2 0 - 5 4 - 0 0 - 5 4 6 2 2 1 . 0 8 0 3 A U G 2 0 1 6 U T I L I T Y B I L L I N G 5 1 - 5 1 0 - 5 4 - 0 0 - 5 4 3 0 3 8 7 . 5 2 0 4 A U G 2 0 1 6 U T I L I T Y B I L L I N G 5 1 - 5 1 0 - 5 4 - 0 0 - 5 4 6 2 2 8 . 2 4 0 5 A U G 2 0 1 6 U T I L I T Y B I L L I N G 5 2 - 5 2 0 - 5 4 - 0 0 - 5 4 3 0 1 8 0 . 7 8 0 6 A U G 2 0 1 6 U T I L I T Y B I L L I N G 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 2 6 4 2 1 . 2 0 0 7 A U G 2 0 1 6 U T I L I T Y B I L L I N G 5 2 - 5 2 0 - 5 4 - 0 0 - 5 4 6 2 1 3 . 1 8 IN V O I C E T O T A L : 1 , 3 4 1 . 2 6 * CH E C K T O T A L : 1 , 3 4 1 . 2 6 5 2 2 3 7 9 S E C O N D S E C O N D C H A N C E C A R D I A C S O L U T I O N 1 6 - 0 0 9 - 2 3 7 0 9 / 2 6 / 1 6 0 1 A H A T R A I N I N G F O R 2 P E O P L E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 0 0 . 0 0 IN V O I C E T O T A L : 1 0 0 . 0 0 * CH E C K T O T A L : 1 0 0 . 0 0 5 2 2 3 8 0 S E R V M A S C S E R V I C E M A S T E R C O M M . C L E A N I N G 1 8 1 7 4 5 0 9 / 1 5 / 1 6 0 1 O C T 2 0 1 6 C I T Y O F F I C E C L E A N I N G 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 8 8 1 , 2 5 3 . 0 0 IN V O I C E T O T A L : 1 , 2 5 3 . 0 0 * CH E C K T O T A L : 1 , 2 5 3 . 0 0 Page 19 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 8 1 S U B U R L A B S U B U R B A N L A B O R A T O R I E S I N C . 1 3 8 0 2 1 0 8 / 3 1 / 1 6 0 1 C O L I F O R M 5 1 - 5 1 0 - 5 4 - 0 0 - 5 4 2 9 8 4 . 0 0 IN V O I C E T O T A L : 8 4 . 0 0 * CH E C K T O T A L : 8 4 . 0 0 5 2 2 3 8 2 U N D E R G R U N D E R G R O U N D P I P E & V A L V E C O 0 1 6 4 6 7 0 7 / 2 8 / 1 6 0 1 D U A L C H E C K V A L V E S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 6 4 1 , 9 2 5 . 0 0 IN V O I C E T O T A L : 1 , 9 2 5 . 0 0 * 0 1 7 7 0 6 0 9 / 2 3 / 1 6 0 1 D U A L C H E C K V A L V E S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 6 4 1 , 9 2 5 . 0 0 IN V O I C E T O T A L : 1 , 9 2 5 . 0 0 * 1 7 7 2 0 0 9 / 2 3 / 1 6 0 1 D U A L C H E C K V A L V E S 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 6 4 1 , 9 2 5 . 0 0 IN V O I C E T O T A L : 1 , 9 2 5 . 0 0 * CH E C K T O T A L : 5 , 7 7 5 . 0 0 5 2 2 3 8 3 U P S S T O R E M I C H A E L J . K E N I G 0 9 2 2 1 6 0 9 / 2 6 / 1 6 0 1 1 P K G T O K F O 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 5 2 2 8 . 7 8 IN V O I C E T O T A L : 2 8 . 7 8 * CH E C K T O T A L : 2 8 . 7 8 5 2 2 3 8 4 V I T O S H C H R I S T I N E M . V I T O S H C M V 1 8 0 5 - 1 8 1 1 0 9 / 1 4 / 1 6 0 1 A U G 1 , 8 , 1 5 , 2 2 , 2 9 & S E P T 7 0 1 - 2 1 0 - 5 4 - 0 0 - 5 4 6 7 7 0 0 . 0 0 0 2 & 1 2 A D M I N H E A R I N G S * * C O M M E N T * * IN V O I C E T O T A L : 7 0 0 . 0 0 * CH E C K T O T A L : 7 0 0 . 0 0 5 2 2 3 8 5 W A R E H O U S W A R E H O U S E D I R E C T Page 20 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 8 5 W A R E H O U S W A R E H O U S E D I R E C T 3 1 9 8 1 0 2 - 0 0 9 / 1 5 / 1 6 0 1 N O T E P A D S , M A R K E R S , P O S T - I T 0 1 - 2 2 0 - 5 6 - 0 0 - 5 6 1 0 5 3 . 7 6 0 2 F L A G S , P E N S * * C O M M E N T * * IN V O I C E T O T A L : 5 3 . 7 6 * 3 1 9 8 1 0 2 - 1 0 9 / 1 9 / 1 6 0 1 N O T E P A D S , P O S T - I T F L A G S 0 1 - 2 2 0 - 5 6 - 0 0 - 5 6 1 0 5 5 . 4 6 IN V O I C E T O T A L : 5 5 . 4 6 * CH E C K T O T A L : 1 0 9 . 2 2 5 2 2 3 8 6 W A T E R S Y S W A T E R S O L U T I O N S U N L I M I T E D , I N C 3 9 8 3 6 0 9 / 2 0 / 1 6 0 1 P H O S P H A T E 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 3 8 2 , 2 7 9 . 4 0 IN V O I C E T O T A L : 2 , 2 7 9 . 4 0 * CH E C K T O T A L : 2 , 2 7 9 . 4 0 5 2 2 3 8 7 W O Z N Y R R O N A L D V . W O Z N Y 0 9 1 7 1 6 0 9 / 1 7 / 1 6 0 1 R E F E R E E 7 9 - 7 9 5 - 5 4 - 0 0 - 5 4 6 2 1 0 0 . 0 0 IN V O I C E T O T A L : 1 0 0 . 0 0 * CH E C K T O T A L : 1 0 0 . 0 0 5 2 2 3 8 8 Y N B O L D S E C O N D B A N K - Y O R K V I L L E 2 1 0 0 0 2 0 4 9 - 0 9 2 1 1 6 0 9 / 2 1 / 1 6 0 1 S A F E D E P O S I T B O X A N N U A L F E E 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 6 2 8 2 . 5 0 IN V O I C E T O T A L : 8 2 . 5 0 * CH E C K T O T A L : 8 2 . 5 0 5 2 2 3 8 9 Y O R K A C E Y O R K V I L L E A C E & R A D I O S H A C K 1 6 1 0 7 0 0 9 / 2 2 / 1 6 0 1 C O U P L E R , N I P P L E 5 1 - 5 1 0 - 5 6 - 0 0 - 5 6 4 0 1 4 . 7 8 IN V O I C E T O T A L : 1 4 . 7 8 * CH E C K T O T A L : 1 4 . 7 8 Page 21 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 2 : 5 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 1 1 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 9 0 Y O R K S E L F Y O R K V I L L E S E L F S T O R A G E , I N C 0 9 2 1 1 6 - 4 5 0 9 / 2 1 / 1 6 0 1 S E P T 2 0 1 6 S T O R A G E 0 1 - 2 1 0 - 5 4 - 0 0 - 5 4 8 5 8 0 . 0 0 IN V O I C E T O T A L : 8 0 . 0 0 * CH E C K T O T A L : 8 0 . 0 0 5 2 2 3 9 1 Y O U N G M M A R L Y S J . Y O U N G 5 3 . 2 5 0 9 / 2 8 / 1 6 0 1 9 / 6 / 1 6 E D C M E E T I N G M I N U T E S 0 1 - 1 1 0 - 5 4 - 0 0 - 5 4 6 2 5 3 . 2 5 IN V O I C E T O T A L : 5 3 . 2 5 * CH E C K T O T A L : 5 3 . 2 5 5 2 2 3 9 2 0 0 0 0 0 0 0 0 T O T A L D E P O S I T 1 0 1 1 1 6 1 0 / 1 1 / 1 6 0 1 T O T A L D I R E C T D E P O S I T S 1 0 , 2 8 0 . 0 0 IN V O I C E T O T A L : 1 0 , 2 8 0 . 0 0 * CH E C K T O T A L : 1 0 , 2 8 0 . 0 0 TO T A L A M O U N T P A I D : 1 8 7 , 6 4 7 . 7 3 Page 22 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBTSERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I O N S 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S &RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 1 : 2 3 : 2 4 D I R E C T D E P O S I T A U D I T R E P O R T ID : A P 6 C 0 0 0 P . C B L D E P O S I T N A C H A F I L E VE N D O R N A M E N U M B E R D E P O S I T A M O U N T D E S C R I P T I O N -- - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - DA V I D B E H R E N S B E H R D 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T DA V I D B R O W N B R O W N D 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T DL K , L L C D L K 9 4 2 5 . 0 0 S E P T 2 0 1 6 E C O N O M I C D E V E L O P M E N T H O U R S TI M E V A N S E V A N S T 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T RO B F R E D R I C K S O N F R E D R I C R 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T GA R Y G O L I N S K I G O L I N S K I 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T RH I A N N O N H A R M O N H A R M A N R 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T DU R K H E N N E H E N N E D 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T AD A M H E R N A N D E Z H E R N A N D A 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T RY A N H O R N E R H O R N E R R 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T AN T H O N Y H O U L E H O U L E A 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T GL E N N K L E E F I S C H K L E E F I S G 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T TY L E R N E L S O N N E L C O N T 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T ST E V E R E D M O N R E D M O N S T 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T SH A Y R E M U S R O S B O R O S 4 5 . 0 0 SE P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T BI L L S C O T T S C O T T B 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T JO H N S L E E Z E R S L E E Z E R J 4 5 . 0 0 S E P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T SL E E Z E R , S C O T T S L E E Z E R S 4 5 . 0 0 SE P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T DO U G S M I T H S M I T H D 4 5 . 0 0 SE P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T TO M S O E L K E S O E L K E T 4 5 . 0 0 SE P T 2 0 1 6 M O B I L E E M A I L R E I M B U R S E M E N T TO T A L A M O U N T O F D I R E C T D E P O S I T S 1 0 2 8 0 . 0 0 To t a l # o f V e n d o r s : 2 0 Page 23 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBT SERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S & RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 0 9 / 2 0 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 0 : 5 0 : 0 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 0 9 / 2 0 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 0 1 E U C L I D B E E U C L I D B E V E R A G E 1 5 8 4 3 4 8 0 9 / 2 0 / 1 6 0 1 Y O R K V I L L E F A L L F E S T L I Q U O R 7 9 - 7 9 5 - 5 6 - 0 0 - 5 6 0 6 2 , 7 2 1 . 0 0 IN V O I C E T O T A L : 2 , 7 2 1 . 0 0 * CH E C K T O T A L : 2 , 7 2 1 . 0 0 TO T A L A M O U N T P A I D : 2 , 7 2 1 . 0 0 Page 24 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBT SERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S & RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 0 9 / 2 6 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 0 8 : 0 3 : 0 9 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 0 9 / 2 7 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 0 2 R 0 0 0 1 7 3 5 E R I C & R O X A N N E E S S E X 2 0 1 6 0 1 7 9 - B U I L D 0 8 / 1 9 / 1 6 0 1 2 6 3 9 L I L A C W A Y B U I L D P R O G R A M 2 3 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 3 0 0 . 0 0 0 2 2 6 3 9 L I L A C W A Y B U I L D P R O G R A M 2 5 - 0 0 0 - 2 4 - 2 1 - 2 4 4 5 3 8 0 . 0 0 0 3 2 6 3 9 L I L A C W A Y B U I L D P R O G R A M 5 1 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 5 , 3 2 0 . 0 0 0 4 2 6 3 9 L I L A C W A Y B U I L D P R O G R A M 5 2 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 4 , 0 0 0 . 0 0 IN V O I C E T O T A L : 1 0 , 0 0 0 . 0 0 * CH E C K T O T A L : 1 0 , 0 0 0 . 0 0 TO T A L A M O U N T P A I D : 1 0 , 0 0 0 . 0 0 Page 25 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBT SERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S & RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 0 9 / 2 6 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 0 9 : 2 0 : 4 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 0 9 / 2 8 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 0 3 R 0 0 0 1 7 3 6 E U G E N E & M A R L E N E S M E L K O 2 0 1 6 0 2 6 4 - B U I L D 0 9 / 2 3 / 1 6 0 1 8 9 4 P U R C E L L B U I L D P R O G R A M 2 5 - 0 0 0 - 2 4 - 2 1 - 2 4 4 5 6 8 0 . 0 0 0 2 8 9 4 P U R C E L L B U I L D P R O G R A M 5 1 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 5 , 3 2 0 . 0 0 0 3 8 9 4 P U R C E L L B U I L D P R O G R A M 5 2 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 4 , 0 0 0 . 0 0 IN V O I C E T O T A L : 1 0 , 0 0 0 . 0 0 * CH E C K T O T A L : 1 0 , 0 0 0 . 0 0 TO T A L A M O U N T P A I D : 1 0 , 0 0 0 . 0 0 Page 26 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBT SERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT I ONS 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S & RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 0 9 / 2 8 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 1 4 : 2 1 : 5 5 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 0 9 / 2 9 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 0 5 R 0 0 0 1 7 3 7 P R E S I L I A N O H U I T R O N 2 0 1 6 0 2 8 3 - B U I L D 0 9 / 2 8 / 1 6 0 1 2 6 9 2 F A I R F A X W A Y B U I L D P R O G R A M 2 3 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 2 , 9 1 9 . 6 0 0 2 2 6 9 2 F A I R F A X W A Y B U I L D P R O G R A M 2 5 - 0 0 0 - 2 4 - 2 0 - 2 4 4 5 3 0 0 . 0 0 0 3 2 6 9 2 F A I R F A X W A Y B U I L D P R O G R A M 2 5 - 0 0 0 - 2 4 - 2 1 - 2 4 4 5 9 0 0 . 0 0 0 4 2 6 9 2 F A I R F A X W A Y B U I L D P R O G R A M 4 2 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 5 0 . 0 0 0 5 2 6 9 2 F A I R F A X W A Y B U I L D P R O G R A M 5 1 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 8 7 0 . 0 0 IN V O I C E T O T A L : 5 , 0 3 9 . 6 0 * CH E C K T O T A L : 5 , 0 3 9 . 6 0 TO T A L A M O U N T P A I D : 5 , 0 3 9 . 6 0 Page 27 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBT SERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT ION S 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S & RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 0 9 / 3 0 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 0 9 : 5 9 : 4 0 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 0 9 / 3 0 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 0 4 R 0 0 0 1 7 3 8 R O S S & D A R L E N E S T R U E B E R 2 0 1 6 0 2 6 7 - B U I L D 0 9 / 2 7 / 1 6 0 1 1 9 6 6 M E A D O W L A R K B U I L D P R O G R A M 5 1 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 6 , 0 0 0 . 0 0 0 2 1 9 6 6 M E A D O W L A R K B U I L D P R O G R A M 5 2 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 4 , 0 0 0 . 0 0 IN V O I C E T O T A L : 1 0 , 0 0 0 . 0 0 * CH E C K T O T A L : 1 0 , 0 0 0 . 0 0 TO T A L A M O U N T P A I D : 1 0 , 0 0 0 . 0 0 Page 28 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBT SERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT ION S 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S & RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 0 8 : 5 6 : 1 4 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 0 4 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 0 6 R 0 0 0 1 7 3 9 S H A R L E N E & D O N N A H O R T O N 2 0 1 6 0 1 8 4 - B U I L D 0 8 / 1 9 / 1 6 0 1 1 4 0 8 S L A T E C T B U I L D P R O G R A M 2 3 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 3 0 0 . 0 0 0 2 1 4 0 8 S L A T E C T B U I L D P R O G R A M 2 5 - 0 0 0 - 2 4 - 2 1 - 2 4 4 5 3 8 0 . 0 0 0 3 1 4 0 8 S L A T E C T B U I L D P R O G R A M 5 1 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 5 , 3 2 0 . 0 0 0 4 1 4 0 8 S L A T E C T B U I L D P R O G R A M 5 2 - 0 0 0 - 2 4 - 0 0 - 2 4 4 5 4 , 0 0 0 . 0 0 IN V O I C E T O T A L : 1 0 , 0 0 0 . 0 0 * CH E C K T O T A L : 1 0 , 0 0 0 . 0 0 TO T A L A M O U N T P A I D : 1 0 , 0 0 0 . 0 0 Page 29 of 32 01 - 1 1 0 AD M I N I S T R A T I O N 12 - 1 1 2 SU N F L O W E R SS A 42 - 4 2 0 DE B T SE R V I C E 83 - 8 3 0 LI B R A R Y DEBT SERVICE 01 - 1 2 0 FI N A N C E 15 - 1 5 5 MO T O R FU E L TA X (M F T ) 51 - 5 1 0 WA T E R OP E R A T I O N S 84 - 8 4 0 LI B R A R Y CAPITAL 01 - 2 1 0 PO L I C E 23 - 2 1 6 MU N I C I P A L BU I L D I N G 52 - 5 2 0 SE W E R OP E R A T I O N S 87 - 8 7 0 CO U N T R Y S I D E TIF 01 - 2 2 0 CO M M U N I T Y DE V E L O P M E N T 23 - 2 3 0 CI T Y - W I D E CA P I T A L 72 - 7 2 0 LA N D CA S H 88 - 8 8 0 DO W N T O W N TIF 01 - 4 1 0 ST R E E T OP E R AT ION S 25 - 2 0 5 PO L I C E CA P I T A L 79 - 7 9 0 PA R K S DE P A R T M E N T 90 - X X X DE V E L O P E R ESCROW 01 - 6 4 0 AD M I N S T R A T I V E SE R V I C E S 25 - 2 1 5 PU B L I C WO R K S CA P I T A L 79 - 7 9 5 RE C R E A T I O N DE P T 95 - X X X ES C R O W DEPOSIT 11 - 1 1 1 FO X HI L L SS A 25 - 2 2 5 PA R K S & RE C R E A T I O N CA P I T A L 82 - 8 2 0 LI B R A R Y OP E R A T I O N S DA T E : 1 0 / 0 4 / 1 6 U N I T E D C I T Y O F Y O R K V I L L E TI M E : 0 9 : 1 2 : 5 8 C H E C K R E G I S T E R PR G I D : A P 2 1 5 0 0 0 . W O W CH E C K D A T E : 1 0 / 0 4 / 1 6 CH E C K # V E N D O R # I N V O I C E I N V O I C E I T E M N U M B E R D A T E # D E S C R I P T I O N A C C O U N T # I T E M A M T -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5 2 2 3 0 7 G E N E V A G E N E V A C O N S T R U C T I O N 5 6 7 8 6 0 9 / 2 8 / 1 6 0 1 E N G I N E E R S P Y M T E S T I M A T E # 5 - 5 1 - 5 1 0 - 6 0 - 0 0 - 6 0 8 2 1 8 5 , 8 8 0 . 3 4 0 2 C O U N T R Y S I D E W A T E R M A I N & * * C O M M E N T * * 0 3 R O A D W A Y I M P R O V E M E N T S * * C O M M E N T * * 0 4 E N G I N E E R S P Y M T E S T I M A T E # 5 - 2 3 - 2 3 0 - 6 0 - 0 0 - 6 0 8 2 2 8 , 7 6 2 . 0 8 0 5 C O U N T R Y S I D E W A T E R M A I N & * * C O M M E N T * * 0 6 R O A D W A Y I M P R O V E M E N T S * * C O M M E N T * * IN V O I C E T O T A L : 2 1 4 , 6 4 2 . 4 2 * CH E C K T O T A L : 2 1 4 , 6 4 2 . 4 2 TO T A L A M O U N T P A I D : 2 1 4 , 6 4 2 . 4 2 Page 30 of 32 RE G U L A R O V E R T I M E T O T A L I M R F F I C A T O T A L S MA Y O R & L I Q . C O M . 90 8 . 3 4 $ - $ 9 0 8 . 3 4 $ - $ 6 9 . 4 9 $ 9 7 7 . 8 3 $ CL E R K 58 3 . 3 4 - 5 8 3 . 3 4 1 9 . 4 8 4 4 . 6 2 6 4 7 . 4 4 TR E A S U R E R 83 . 3 4 - 8 3 . 3 4 8 . 8 5 6 . 3 6 9 8 . 5 5 AL D E R M A N 3, 9 0 0 . 0 0 - 3, 9 0 0 . 0 0 - 29 1 . 9 1 4,191.91 UN I T E D C I T Y O F Y O R K V I L L E PA Y R O L L S U M M A R Y Se p t e m b e r 2 3 , 2 0 1 6 AL D E R M A N 3,90 0 .00 - 3,90 0 .00 - 29 1 .91 4,191.91 AD M I N I S T R A T I O N 16 , 4 5 7 . 7 0 - 1 6 , 4 5 7 . 7 0 1 , 7 0 3 . 5 4 9 0 2 . 7 3 1 9 , 0 6 3 . 9 7 FI N A N C E 8, 6 2 8 . 4 4 - 8 , 6 2 8 . 4 4 9 1 7 . 2 1 6 4 4 . 6 4 1 0 , 1 9 0 . 2 9 PO L I C E 10 2 , 5 5 5 . 1 4 7 , 9 2 4 . 9 1 1 1 0 , 4 8 0 . 0 5 5 9 5 . 8 9 8 , 1 0 2 . 7 3 1 1 9 , 1 7 8 . 6 7 CO M M U N I T Y D E V . 12 , 4 9 5 . 0 5 - 1 2 , 4 9 5 . 0 5 1 , 1 9 8 . 1 1 9 0 7 . 4 2 1 4 , 6 0 0 . 5 8 ST R E E T S 12 , 9 0 1 . 2 5 - 1 2 , 9 0 1 . 2 5 1 , 3 7 1 . 4 0 9 4 6 . 4 1 1 5 , 2 1 9 . 0 6 WA T E R 14 , 0 1 2 . 5 9 4 9 5 . 7 4 1 4 , 5 0 8 . 3 3 1 , 5 4 2 . 2 4 1 , 0 4 9 . 0 0 1 7 , 0 9 9 . 5 7 SE W E R 9, 2 7 0 . 1 7 - 9 , 2 7 0 . 1 7 9 8 5 . 4 3 6 9 3 . 8 2 1 0 , 9 4 9 . 4 2 PA R K S 17 , 5 2 9 . 5 8 - 1 7 , 5 2 9 . 5 8 1 , 7 7 0 . 0 1 1 , 3 0 3 . 9 2 2 0 , 6 0 3 . 5 1 RE C R E A T I O N 13 , 6 7 4 . 2 7 - 1 3 , 6 7 4 . 2 7 1 , 1 7 9 . 6 2 1 , 0 1 0 . 5 5 1 5 , 8 6 4 . 4 4 LI B R A R Y 15 , 1 2 1 . 7 9 - 1 5 , 1 2 1 . 7 9 8 5 5 . 5 6 1 , 1 2 9 . 3 0 1 7 , 1 0 6 . 6 5 TO T A L S 22 8 , 1 2 1 . 0 0 $ 8 , 4 2 0 . 6 5 $ 2 3 6 , 5 4 1 . 6 5 $ 1 2 , 1 4 7 . 3 4 $ 1 7 , 1 0 2 . 9 0 $ 2 6 5 , 7 9 1 . 8 9 $ TO T A L P A Y R O L L 265,791.89$ Page 31 of 32 ACCOUNTS PAYABLE DATE City Check Register (Pages 1 - 23)10/11/2016187,647.73 SUB-TOTAL: $187,647.73 OTHER PAYABLES Manual Check #522301-Euclid Beverage-Fall Fest Liquor (Page 24)09/20/20162,721.00 Manual Check #522302 - Essex BUILD Check (Page 25)09/27/201610,000.00 Manual Check #522303 - Smelko BUILD Check (Page 26)09/28/201610,000.00 lhkihk() UNITED CITY OF YORKVILLE BILL LIST SUMMARY Tuesday, October 11, 2016 Manual Check #522305 - Huitron BUILD Check (Page 27)09/29/2016 5,039.60 Manual Check #522304 - Strueber BUILD Check (Page 28)09/30/2016 10,000.00 Manual Check #522306 - Horton BUILD Check (Page 29)10/04/2016 10,000.00 Manual Check #522307 - Geneva Construction (Page 30)10/04/2016 214,642.42 SUB-TOTAL: $262,403.02 Bi - Weekly (Page 31)09/23/2016 265,791.89 SUB-TOTAL: $265,791.89 TOTAL DISBURSEMENTS:$715,842.64 PAYROLL Pa g e 32 of 32 Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number Mayor #1 Tracking Number CC 2016-56 Bond Ordinance Issuance City Council – October 11, 2016 Majority Approval Ordinance Authorizing the Issuance of the 2016 Refunding Bonds Rob Fredrickson Finance Name Department The 2016 bond refunding process began at the June 28, 2016 City Council meeting, with the approval of the following ordinances identified below:  Revenue Bond Ordinance – this ordinance authorized the issuance of revenue bonds in an amount not to exceed $6.5 million. As mentioned previously, revenue bonds differ from general obligation bonds, as they are backed solely by specific revenue streams (in this case water & sewer revenues) and do not revert back to the property tax rolls if those funds prove to be insufficient. Pursuant to State Statute, whenever a General Obligation (GO) Alternate Revenue Source (ARS) bonds are issued for the purposes of refunding debt certificates (i.e. 2006A debt certificates); the City must first be authorized to issue revenue bonds, before it will be allowed to issue the GO ARS bonds (i.e. 2016 Refunding Bonds).  Authorizing Ordinance – this ordinance established the maximum principal amount ($6.5 million) to be refunded and gave the City the ability to issue GO refunding alternate revenue source debt. GO ARS backed debt is preferred by bondholders, since it will ultimately revert to the property tax rolls, should water/sewer revenues and income taxes prove to be insufficient. It is also advantageous to the City, as GO backed debt requires a lower rate of interest to be paid on borrowed funds in comparison with revenue bonds.  Bond Issuance Notification Act (BINA) Public Hearing Ordinance – this ordinance established the date and time for the public hearing on the proposed 2016 refunding bonds. The public hearing was held before the City Council on July 26, 2016 and no objections were heard. On October 3, 2016, the Official Statement was posted requesting bids on or before October 11, 2016. The City’s Official Statement for the 2016 Refunding Bond is available on-line at: http://speerfinancial.com/pdf/YORKVILLE%20(GO%20ARS%20REF)%2016%20POS.pdf. The results of all bids received shall be presented to you at October 11th City Council meeting. In your agenda packet is a draft Bond Ordinance (Exhibit A) which authorizes the issuance of the Bonds but contains several blanks which will be completed upon determination of the winning bidder on October 11th. In addition to the winning bid information, the final Bond Ordinance (which will be presented to you on the night of the October 11th meeting) will contain a revised principal amount of approximately $6,315,000. The initial authorizing ordinance (passed on June 28th) contained a contingency amount of $185,000, which would have accounted for any unanticipated costs associated with the refunding. Since this contingency has proven unnecessary, the final Bond Ordinance will show a reduction in total principal from $6,500,000 to approximately $6,315,000. Proceeds from the 2016 Refunding Bond will be allocated as follows: $3,315,000 to refund the Series 2006A Debt Certificates and $2,880,000 to refund the Series 2007A General Obligation (ARS) bonds. The remaining $120,000 will be used to finance the underwriter and other issuance costs. As shown on Memorandum To: Mayor and City Council From: Rob Fredrickson, Finance Director Date: October 5, 2016 Subject: Ordinance Authorizing the Issuance of the 2016 Refunding Bonds the Debt Service Comparison (please see Exhibit B) report prepared by the City’s financial advisor (Speer Financial, Inc.), the proposed 2016 bond refunding of the 2006A debt certificates and 2007A bonds is currently estimated to generate net present value savings of $464,594 (7.50%) over the remaining life of the bonds. In order to accept the lowest bid on the Bonds and close on or before October 27, 2016, passage of the final Bond Ordinance is requested on October 11, 2016. MINUTES of a regular public meeting of the City Council of the United City of Yorkville, Kendall County, Illinois, held at the City Council Chambers of the City Hall, located at 800 Game Farm Road, Yorkville, Illinois, in said City at 7 o’clock P.M., on the 11th day of October, 2016. * * * The Mayor called the meeting to order and directed the City Clerk to call the roll. Upon roll call, the Mayor and the following Aldermen answered present at said location: _____________________________________________________________________________ . The following were absent ________________________________________________________ _____________________________________________________________________________ . The Mayor announced that the next item of business before the City Council was the consideration of an ordinance authorizing the issuance of $ General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016 for the purpose of refunding certain of the City’s outstanding debt certificates and alternate revenue source bonds. Thereupon, Alderman __________ presented, and there was made available to the Aldermen and interested members of the public the following ordinance (the “Bond Ordinance”): AN ORDINANCE authorizing and providing for the issuance of General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016, of the United City of Yorkville, Kendall County, Illinois, in the aggregate principal amount of $ , for the purpose of refunding certain of the City’s outstanding debt certificates and alternate revenue bonds, authorizing the execution of an escrow agreement in connection therewith, providing for the imposition of taxes to pay the same and for the collection, segregation and distribution of certain City revenues for the payment of said bonds, and the abatement of a portion of taxes previously levied. Alderman __________________ moved and Alderman __________________ seconded the motion that the Bond Ordinance as presented be adopted. -2- A City Council discussion of the matter followed. During the City Council discussion, the Mayor gave a public recital of the nature of the matter, which included a reading of the title of the Bond Ordinance and statements that (i) the Bond Ordinance provided for the issuance of alternate bonds for the purpose of paying the costs of refunding all or a portion of the outstanding Refunding Debt Certificates, Series 2006A and the General Obligation Refunding Bonds (Alternate Revenue Source), Series 2007A of the City, (ii) the bonds are issuable without referendum pursuant to the Illinois Municipal Code, as amended, and the Local Government Debt Reformed Act, as amended, (iii) the Bond Ordinance provides for the levy of taxes to pay the bonds, although the intent of the City is that the bonds will be paid from the revenues of the City’s waterworks and sewerage system and from the collection of amounts distributed to the City pursuant to the State Revenue Sharing Act of the State of Illinois, as amended, or substitute taxes therefor as provided by the State of Illinois pursuant to applicable law in the future, and (iv) that the Bond Ordinance provides certain details for the bonds, including tax-exempt status covenants for the bonds, provisions for terms and form of the bonds, and appropriations. After a full and complete discussion thereof, the Mayor directed that the roll be called for a vote upon the motion to adopt the Bond Ordinance. Upon the roll being called, the following Aldermen: voted AYE, and the following Aldermen: _______________________________________________ voted NAY. Whereupon the Mayor declared the motion carried and the Bond Ordinance adopted, and approved and signed the same in open meeting and directed the City Clerk to record the same in full in the records of the City Council of the United City of Yorkville, Kendall County, Illinois. -3- Other business not pertinent to the adoption of said ordinance was duly transacted at said meeting. Upon motion duly made and seconded, the meeting was adjourned. _______________________________ Beth Warren, City Clerk United City of Yorkville, Kendall County, Illinois ORDINANCE NO. __________ AN ORDINANCE authorizing and providing for the issuance of General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016, of the United City of Yorkville, Kendall County, Illinois, in the aggregate principal amount of $ , for the purpose of refunding certain of the City’s outstanding debt certificates and alternate revenue bonds, authorizing the execution of an escrow agreement in connection therewith, providing for the imposition of taxes to pay the same and for the collection, segregation and distribution of certain City revenues for the payment of said bonds, and the abatement of a portion of taxes previously levied. * * * WHEREAS, the United City of Yorkville, Kendall County, Illinois (the “City”), is a duly organized and existing municipality incorporated and existing under the provisions of the laws of the State of Illinois, is now operating under the provisions of the Illinois Municipal Code, as amended (the “Code”), and for many years has owned and operated a municipally-owned combined waterworks and sewerage system (the “System”) pursuant to Division 139 of Article 11 of the Code; and WHEREAS, the City by its City Council (the “Corporate Authorities”) has heretofore issued its Refunding Debt Certificates, Series 2006A (the “2006A Debt Certificates”) and its General Obligation Refunding Bonds (Alternate Revenue Source), Series 2007A (the “2007A Bonds” and, together with the 2006A Debt Certificates, the “Outstanding Obligations”), which Outstanding Obligations were issued for System purposes and which are binding and subsisting legal obligations of the City; and WHEREAS, that portion of the Outstanding Obligations consisting of the 2006A Debt Certificates coming due December 30, 2017 through December 30, 2022 are subject to -2- redemption at the option of the City on any date on and after December 30, 2016, at a redemption price of par, plus accrued interest to the dated fixed for redemption, as provided in the ordinance of the Corporate Authorities authorizing the issuance of the 2006A Debt Certificates; and WHEREAS, that portion of the Outstanding Obligations consisting of the 2007A Bonds coming due December 30, 2017 through December 30, 2022 are subject to redemption at the option of the City on any date on and after December 30, 2016, at a redemption price of par, plus accrued interest to the dated fixed for redemption, as provided in the ordinance of the Corporate Authorities authorizing the issuance of the 2007A Bonds; and WHEREAS, the Corporate Authorities have considered and determined that since interest rates are more favorable for the City at this time, it is possible, proper and advisable, and in the best interests of the City, to refund a portion of the Outstanding Obligations (the “Refunding”) on December 30, 2016 (the “Redemption Date”) in order to achieve debt service savings; and WHEREAS, pursuant to the provisions of the Local Government Debt Reform Act of the State of Illinois, as supplemented and amended (the “Debt Reform Act”), and particularly Section 15 of the Debt Reform Act (pursuant to which alternate revenue bonds are authorized to be issued), the City may issue its alternate revenue bonds to refund or advance refund alternate revenue bonds previously issued by the City (such as the 2007A Bonds) without meeting any of the conditions set forth in the Debt Reform Act and Section 15 thereof, provided that the term of the refunding bonds shall not be longer than the term of the refunded bonds and that the debt service payable in any year on the refunding bonds shall not exceed the debt service payable in such year on the refunded bonds; and -3- WHEREAS, the Debt Reform Act, and particularly Section 15 thereof, does not, however, allow the City to issue its alternate revenue bonds to refund or advance refund non-alternate revenue bonds previously issued by the City (such as the 2006A Debt Certificates) unless the City has satisfied the conditions set forth in the Debt Reform Act and Section 15 thereof; and WHEREAS, for the purpose of providing funds to pay the costs of the Refunding and in accordance with the provisions of the Debt Reform Act, the Corporate Authorities, on the 28th day of June, 2016, adopted Ordinance No. 2016-41 (the “Revenue Bond Authorizing Ordinance”), authorizing the issuance of Waterworks and Sewerage Revenue Refunding Bonds (the “Revenue Bonds”), as provided in the Code, in an amount not to exceed $6,400,000; and WHEREAS, pursuant to Section 15 of the Debt Reform Act, whenever revenue bonds have been authorized to be issued pursuant to the Code, the City may issue its general obligation bonds in lieu of such revenue bonds as authorized, and such general obligation bonds may be referred to as “alternate bonds”; and WHEREAS, for the purpose of providing funds to pay the costs of the Refunding and in accordance with the provisions of the Debt Reform Act, the Corporate Authorities, on the 28th day of June, 2016, adopted Ordinance No. 2016-42 (the “Alternate Bond Authorizing Ordinance”), authorizing the issuance of its General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016 (the “Alternate Bonds”), as provided in the Debt Reform Act, in an aggregate principal amount not to exceed $6,400,000; and WHEREAS, on the 1st day of July, 2016, the Revenue Bond Authorizing Ordinance and the Alternate Bond Authorizing Ordinance, together with a separate notices in statutory form, were published in the Aurora Beacon-News, the same being a newspaper of general circulation in the City, and affidavits evidencing the publication of the Revenue Bond Authorizing Ordinance and -4- the Alternate Bond Authorizing Ordinance and said notices have heretofore been presented to the Corporate Authorities and made a part of the permanent records of the City; and WHEREAS, more than thirty (30) days have expired since the date of publication of the Revenue Bond Authorizing Ordinance and the Alternate Bond Authorizing Ordinance and said notices, and no petitions with the requisite number of valid signatures thereon have been filed with the City Clerk requesting that the question of the issuance of the Revenue Bonds or the Alternate Bonds be submitted to referendum; and WHEREAS, pursuant to and in accordance with the provisions of the Bond Issue Notification Act of the State of Illinois, the Corporate Authorities, on the 28th day of June, 2016, adopted Ordinance No. 2016-43, calling a public hearing (the “Hearing”) for the 26th day of July, 2016, concerning the intent of the Corporate Authorities to sell not to exceed $6,400,000 General Obligation Alternate Revenue Bonds; and WHEREAS, notice of the Hearing was given (i) by publication at least once not less than seven (7) nor more than thirty (30) days before the date of the Hearing in the Aurora Beacon- News, the same being a newspaper of general circulation in the City, and (ii) by posting at least 48 hours before the Hearing a copy of said notice at the principal office of the Corporate Authorities; and WHEREAS, the Hearing was opened on the 26th day of July, 2016, and at the Hearing, the Corporate Authorities explained the reasons for the proposed bond issue and permitted persons desiring to be heard an opportunity to present written or oral testimony within reasonable time limits; and WHEREAS, the Hearing was finally adjourned on the 26th day of July, 2016, and not less than seven (7) days have passed since the final adjournment of the Hearing; and -5- WHEREAS, the Corporate Authorities are now authorized to issue the Revenue Bonds to the amount of $6,400,000, or, in lieu thereof, the Alternate Bonds to the amount of $6,400,000 in accordance with the provisions of the Debt Reform Act, and the Corporate Authorities hereby determine that it is necessary and desirable that there be issued at this time $ of the Alternate Bonds so authorized (the “Bonds”) for the Refunding and in order to effect a savings in debt service; and WHEREAS, the Bonds will be payable from the Pledged Revenues and the Pledged Taxes (as said terms are hereinafter defined); and WHEREAS, the Bonds will be issued on a parity with the Outstanding Alternate Bonds (as hereinafter defined), and be secured ratably and equally by the Pledged Revenues with such Outstanding Alternate Bonds; WHEREAS, the Outstanding Alternate Bonds were issued pursuant to the Outstanding Alternate Bond Ordinances (as hereinafter defined), in each of which the City expressly reserved the right to issue “Additional Bonds” as therein defined, provided that certain conditions are met; and WHEREAS, the Corporate Authorities have heretofore and it is hereby determined that the Pledged Revenues will be sufficient to provide or pay in each year to the final maturity of the Bonds all of the following: (i) Operation and Maintenance Expenses as hereinafter defined, but not including depreciation, (ii) debt service on all outstanding revenue bonds, if any, payable from the Pledged Revenues, (iii) all amounts required to meet any fund or account requirements with respect to such outstanding revenue bonds, (iv) other contractual or tort liability obligations, if any, payable from the Pledged Revenues, and (v) in each year, an amount not less than 1.25 times debt service of the Bonds proposed to be issued and the Outstanding Alternate Bonds; and -6- WHEREAS, such determination of the sufficiency of the Pledged Revenues is supported by reference to the report dated the date hereof (the “Report”), of Speer Financial, Inc., Chicago, Illinois (“Speer”), which Report has been presented to and accepted by the Corporate Authorities and is now on file with the City Clerk; and WHEREAS, the estimated costs of the Refunding, plus all related costs and expenses incidental thereto, is $ , plus investment earnings thereon; and WHEREAS, the City does not have sufficient funds on hand and lawfully available to provide for the Refunding and the payment of all related costs and expenses incidental thereto; and WHEREAS, the Refunding constitutes a lawful corporate purpose within the meaning of the Debt Reform Act; and WHEREAS, the Property Tax Extension Limitation Law of the State of Illinois, as amended (“PTELL”), imposes certain limitations on the “aggregate extension” of certain property taxes levied by the City, but provides that the definition of “aggregate extension” contained in PTELL does not include extensions made for any taxing district subject to PTELL to pay interest or principal on bonds issued under Section 15 of the Debt Reform Act; and WHEREAS, the County Clerk of the County of Kendall, Illinois is therefore authorized to extend and collect said property taxes so levied for the payment of the Bonds, as alternate bonds, without limitation as to rate or amount; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS: -7- Section 1. Definitions The following words and terms used in this Ordinance shall have the following meanings unless the context or use clearly indicates another or different meaning is intended: “Act” means the Local Government Debt Reform Act of the State of Illinois, as amended. “Additional Bonds” means any alternate bonds to be issued subsequent in time to the Bonds in accordance with the provisions of the Act on a parity with and sharing ratably and equally in the Pledged Revenues with the Bonds and the Outstanding Alternate Bonds. “Alternate Bond and Interest Subaccount” means the Alternate Bond and Interest Subaccount established hereunder and further described by Section 10 of this Ordinance. “Bond” or “Bonds” means one or more, as applicable, of the $ General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016, authorized to be issued by the City pursuant to this Ordinance. “Bond Register” means the books of the City kept by the Bond Registrar to evidence the registration and transfer of the Bonds. “Bond Registrar” means Amalgamated Bank of Chicago, Chicago, Illinois, a bank or trust company having trust powers, or a successor thereto or a successor designated as Bond Registrar hereunder. “City” means the United City of Yorkville, Kendall County, Illinois. “Clerk” means the Clerk of the City. “Code” means the Internal Revenue Code of 1986, as amended. “Corporate Authorities” means the City Council of the City. “County Clerk” means the County Clerk of the County of Kendall, Illinois. “Depository” means The Depository Trust Company, New York, New York, its -8- successors, or a successor depository qualified to clear securities under applicable state and federal laws. “Designated Officers” means the Mayor, the Treasurer, or the Clerk, or any of them acting together, and their respective successors and assigns. “Escrow Agent” means Amalgamated Bank of Chicago, Chicago, Illinois, as escrow agent, or its successors and assigns “Escrow Agreement” means the agreement by and between the City and the Escrow Agent authorized under Section 12 of this Ordinance. “Expense Fund” means the fund established hereunder and further described by Section 12 of this Ordinance. “Fiscal Year” means a twelve-month period beginning May 1 of the calendar year and ending on the next succeeding April 30. “Future Bond Ordinances” means the ordinances of the City authorizing the issuance of bonds payable from the Revenues, but not including the Outstanding Alternate Bond Ordinances, this Ordinance or any other ordinance authorizing the issuance of Additional Bonds. “Government Securities” means bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of the United States of America and all securities or obligations, the prompt payment of principal and interest of which is guaranteed by a pledge of the full faith and credit of the United States of America. “Mayor” means the Mayor of the City. “Notice of Sale” means the notice advertising the sale of the Bonds to potential purchasers. “Operation and Maintenance Costs” means all costs of operating, maintaining and routine repair of the System, including wages, salaries, costs of materials and supplies, power, -9- fuel, insurance, purchase of water and sewage treatment services (including all payments by the City pursuant to long term contracts for such services as and to the extent provided in such contracts); but excluding debt service, depreciation, or any reserve requirements; and otherwise determined in accordance with generally accepted accounting principles for municipal enterprise funds. “Ordinance” means this Ordinance, numbered as set forth on the title page hereof, passed by the Corporate Authorities on the 11th day of October, 2016, as supplemented and amended. “Outstanding” when used with reference to the Bonds, the Outstanding Alternate Bonds and the Additional Bonds means such of those bonds which are outstanding and unpaid; provided, however, such term shall not include any of the Bonds, Outstanding Alternate Bonds or Additional Bonds (i) which have matured and for which moneys are on deposit with proper paying agents, or are otherwise properly available, sufficient to pay all principal and interest thereon, or (ii) the provision for payment of which has been made by the City by the deposit in an irrevocable trust or escrow of funds direct, full faith and credit obligations of the United States of America, the principal and interest of which will be sufficient to pay at maturity or as called for redemption all the principal of and interest and applicable premium, if any, on such Bonds, Outstanding Alternate Bonds or Additional Bonds. “Outstanding Alternate Bond Ordinances” means, collectively, (i) Ordinance Number 2004-10 adopted by the Corporate Authorities on February 24, 2004 authorizing the issuance of the City’s General Obligation Bonds (Alternate Revenue Source), Series 2004B; (ii) Ordinance Number 2007-02 adopted by the Corporate Authorities on January 23, 2007 authorizing the issuance of the 2007A Bonds; and (iii) Ordinance Number 2014-65 adopted by the Corporate Authorities on July 22, 2014 authorizing the issuance of the City’s General Obligation (Alternate Revenue Source) Refunding Bonds, Series 2014C. -10- “Outstanding Alternate Bonds” means, collectively, (i) the $3,500,000 original aggregate principal amount General Obligation Bonds (Alternate Revenue Source), Series 2004B; (ii) the 2007A Bonds; and (iii) the $1,290,000 original aggregate principal amount General Obligation (Alternate Revenue Source) Refunding Bonds, Series 2014C; less, in each case, any of said bonds that are no longer “Outstanding” hereunder. “Paying Agent” means Amalgamated Bank of Chicago, Chicago, Illinois, a bank or trust company having trust powers, or a successor thereto or a successor designated as Paying Agent hereunder. “Pledged Moneys” means the Pledged Revenues and the Pledged Taxes, as all of such terms are defined herein. “Pledged Revenues” means (i) moneys to the credit of the Alternate Bond and Interest Subaccount within the Surplus Account of the Waterworks and Sewerage Fund, said Surplus Account consisting of the funds remaining in the Waterworks and Sewerage Fund after the required monthly deposits and credits have been made to the Operation and Maintenance Account, the Depreciation Account and any other accounts as may be created in the future, of said Waterworks and Sewerage Fund, (ii) all collections distributed to the City pursuant to the State Revenue Sharing Act from those taxes imposed by the State of Illinois pursuant to subsections (a) and (c) of Section 201 of the Illinois Income Tax Act, as supplemented and amended from time to time, or substitute taxes therefor as provided by the State of Illinois in the future, and (iii) such other funds of the City as may be necessary and on hand from time to time and lawfully available for such purpose. “Pledged Taxes” means the ad valorem taxes levied against all the taxable property within the City without limitation as to rate or amount, pledged hereunder by the City as security for the Bonds. -11- “Purchase Price” means the purchase price paid for the Bonds as hereinafter authorized, to wit, $ , plus accrued interest. “Purchaser” means . “Refunded Obligations” means that portion of the Outstanding Obligations to be refunded on the Redemption Date pursuant to the terms of this Ordinance and the Escrow Agreement, and as more particularly identified in Section 12 of this Ordinance. “Revenues” means all income from whatever source derived from the System, including (i) investment income; (ii) connection, permit and inspection fees and the like; .(iii) penalties and delinquency charges; (iv) capital development, reimbursement, or recovery charges and the like; and (v) annexation or pre-annexation charges insofar as designated by the Corporate Authorities as paid for System connection or service; but excluding expressly (a) non-recurring income from the sale of property of the System; (b) governmental or other grants; and (c) advances or grants made from the City; and as otherwise determined in accordance with generally accepted accounting principles for municipal enterprise funds. “System” refers to all property, real, personal or otherwise owned or to be owned by the City or under the control of the City, and used for waterworks and sewerage purposes, including any and all further extensions, improvements and additions to the System. “Treasurer” means the Treasurer of the City. “Waterworks and Sewerage Fund” means the Waterworks and Sewerage Fund of the City created under the Outstanding Alternate Bond Ordinances and continued hereunder. Section 2. Incorporation of Preambles; Acceptance of Report. The Corporate Authorities hereby find that all of the recitals contained in the preambles to this Ordinance are full, true and correct and do incorporate them into this Ordinance by this reference thereto. The Report is hereby accepted and approved by the Corporate Authorities, and it is hereby found and -12- determined that Speer is a feasibility analyst having a national reputation for expertise in such matters as the Report. Section 3. Determination to Issue Bonds; Useful Life. It is hereby found and determined that it is necessary and in the best interests of the City to borrow money and to issue the Bonds in the amount of $ for the purpose of paying for the Refunding and all related costs and expenses incidental thereto, and that such borrowing of money is necessary for the welfare of the government and affairs of the City, is a public purpose and is in the public interest. The useful life of the System is hereby determined to be not less than 25 years from the date hereof. Section 4. Bond Details. For the purpose of providing for the payment of the costs of the Refunding and all related costs and expenses incidental thereto, there shall be issued and sold the Bonds in the principal amount of $ . The Bonds shall each be designated “General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016”, shall be dated the date of issuance thereof (such date being the “Dated Date”), and shall also bear the date of authentication thereof, shall be in fully registered form, shall be in denominations of $5,000 each and authorized integral multiples thereof (but no single Bond shall represent installments of principal maturing on more than one date), and shall be numbered 1 and upward. The Bonds shall become due and payable on December 30 of the years and in the amounts and bearing interest at the rates percent per annum as shall be set forth in the following table in the respective principal amount set forth opposite each such year, and the Bonds maturing in each such year shall bear interest at the respective rate per annum set forth opposite such year: Year Amount ($) Interest Rate (%) 2017 560,000 2018 580,000 -13- 2019 1,585,000 2020 1,555,000 2021 1,085,000 2022 950,000 Each Bond shall bear interest from the Dated Date or from the most recent interest payment date to which interest has been paid or duly provided for, until the principal amount of the Bonds is paid or duly provided for, such interest (computed upon the basis of a 360-day year of twelve 30-day months) being payable semiannually on June 30 and December 30 of each year, commencing on June 30, 2017. Interest on each Bond shall be paid by check or draft of the Paying Agent, payable upon presentation in lawful money of the United States of America, to the person in whose name such Bond is registered at the close of business on the 15th day of the month next preceding the interest payment date, or as otherwise agreed by the City and the Depository so long as the Bonds remain in book-entry only form as hereinafter provided. The principal of the Bonds shall be payable in lawful money of the United States of America at the principal office maintained for the purpose by the Paying Agent in Chicago, Illinois, or at successor Paying Agent and address. The Bonds shall be signed by the manual or duly authorized facsimile signature of the Mayor, and shall be attested by the manual or duly authorized facsimile signature of the Clerk, and the corporate seal of the City shall be affixed thereto or printed thereon, and in case any officer whose signature shall appear on any Bond shall cease to be such officer before the delivery of such Bond, such signature shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until delivery. All Bonds shall have thereon a certificate of authentication substantially in the form hereinafter set forth duly executed by the Bond Registrar as authenticating agent of the City for -14- this issue and showing the date of authentication. No Bond shall be valid or obligatory for any purpose or be entitled to any security or benefit under this Ordinance unless and until such certificate of authentication shall have been duly executed by the Bond Registrar by manual signature, and such certificate of authentication upon any such Bond shall be conclusive evidence that such Bond has been authenticated and delivered under this Ordinance. The certificate of authentication on any Bond shall be deemed to have been executed by the Bond Registrar if signed by an authorized officer of the Bond Registrar, but it shall not be necessary that the same officer sign the certificate of authentication on all of the Bonds issued hereunder. Section 5. Redemption. The Bonds are not subject to optional redemption prior to maturity. Additional Bonds hereinafter issued pursuant to the terms hereof may be redeemable at such times and upon such terms as may be determined at the time of authorization thereof. Section 6. Book Entry Provisions; Registration of Bonds; Persons Treated as Owners. A. Book Entry Provisions. The Bonds shall be initially issued in the form of a separate single fully registered Bond for each of the maturities of the Bonds. Upon initial issuance, the ownership of each such Bond shall be registered in the Bond Register in the name of “Cede & Co.”, or any successor thereto, as nominee of the Depository. All of the Bonds from time to time shall be registered in the Bond Register in the name of Cede & Co., as nominee of the Depository. The Bond Registrar is authorized to execute and deliver on behalf of the City such letters to or agreements with the Depository as shall be necessary to effectuate such book-entry system (any such letter or agreement being referred to herein as the “Representation Letter”). Without limiting the generality of the authority given with respect to entering into such Representation Letter, it may contain provisions relating to (a) payment procedures, (b) transfers of the Bonds or of beneficial interests therein, (c) redemption notices and procedures unique to -15- the Depository, (d) additional notices or communications, and (e) amendment from time to time to conform with changing customs and practices with respect to securities industry transfer and payment practices. With respect to Bonds registered in the Bond Register in the name of Cede & Co., as nominee of the Depository, the City and the Bond Registrar shall have no responsibility or obligation to any broker-dealer, bank or other financial institution for which the Depository holds Bonds from time to time as securities depository (each such broker-dealer, bank or other financial institution being referred to herein as a “Depository Participant”) or to any person on behalf of whom such a Depository Participant holds an interest in the Bonds. Without limiting the meaning of the immediately preceding sentence, the City and the Bond Registrar shall have no responsibility or obligation with respect to (a) the accuracy of the records of the Depository, Cede & Co., or any Depository Participant with respect to any ownership interest in the Bonds, (b) the delivery to any Depository Participant or any other person, other than a registered owner of a Bond as shown in the Bond Register, of any notice with respect to the Bonds, including any notice of redemption, or (c) the payment to any Depository Participant or any other person, other than a registered owner of a Bond as shown in the Bond Register, of any amount with respect to principal of or interest on the Bonds. No person other than a registered owner of a Bond as shown in the Bond Register shall receive a Bond certificate with respect to any Bond. Upon delivery by the Depository to the Bond Registrar of written notice to the effect that the Depository has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions hereof with respect to the payment of interest to the registered owners of Bonds at the close of business on the applicable record date, the name “Cede & Co.” in this Ordinance shall refer to such new nominee of the Depository. -16- In the event that (a) the City determines that the Depository is incapable of discharging its responsibilities described herein and in the Representation Letter, (b) the agreement among the City, the Bond Registrar and the Depository evidenced by the Representation Letter shall be terminated for any reason or (c) the City determines that it is in the best interests of the City or of the beneficial owners of the Bonds that they be able to obtain certificated Bonds, the City shall notify the Depository and the Depository Participants of the availability of Bond certificates, and the Bonds shall no longer be restricted to being registered in the Bond Register in the name of Cede & Co., as nominee of the Depository. The City may determine that the Bonds shall be registered in the name of and deposited with a successor depository operating a book-entry system, as may be acceptable to the City, or such depository’s agent or designee, and if the City does not select such alternate book-entry system, then the Bonds may be registered in whatever name or names registered owners of Bonds transferring or exchanging Bonds shall designate, in accordance with the provisions hereof. Notwithstanding any other provision of this Ordinance to the contrary, so long as any Bond is registered in the name of Cede & Co., as nominee of the Depository, all payments with respect to principal of and interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, in the manner provided in the Representation Letter. B. Registration of Bonds. The City shall cause the Bond Register as provided in this Ordinance to be kept at the principal office maintained for the purpose by the Bond Registrar in Chicago, Illinois, which is hereby constituted and appointed the registrar of the City for this issue. The City is authorized to prepare, and the Bond Registrar shall keep custody of, multiple Bond blanks executed by the City for use in the transfer and exchange of Bonds. Any Bond may be transferred or exchanged, but only in the manner, subject to the limitations, and upon payment of the charges as set forth in this Ordinance. Upon surrender for -17- transfer or exchange of any Bond at the principal office maintained for the purpose by the Bond Registrar, duly endorsed by, or accompanied by a written instrument or instruments of transfer or exchange in form satisfactory to the Bond Registrar and duly executed by the registered owner or an attorney for such owner duly authorized in writing, the City shall execute and the Bond Registrar shall authenticate, date and deliver in the name of the transferee or transferees or, in the case of an exchange, the registered owner, a new fully registered Bond or Bonds of the same maturity of authorized denominations, for a like aggregate principal amount. The execution by the City of any fully registered Bond shall constitute full and due authorization of such Bond and the Bond Registrar shall thereby be authorized to authenticate, date and deliver such Bond, provided, however, the principal amount of outstanding Bonds of each maturity authenticated by the Bond Registrar shall not exceed the authorized principal amount of Bonds for such maturity less previous retirements. The Bond Registrar shall not be required to transfer or exchange any Bond during the period beginning at the close of business on the fifteenth (15th) day of the month next preceding any interest payment date on such Bond and ending at the opening of business on such interest payment date, nor to transfer or exchange any Bond after notice calling such Bond for redemption has been mailed, nor during a period of fifteen (15) days next preceding mailing of a notice of redemption of any Bonds. The person in whose name any Bond shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of the principal of or interest on any Bond shall be made only to or upon the order of the registered owner thereof or the legal representative of such owner. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid. -18- No service charge shall be made for any transfer or exchange of Bonds, but the City or the Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Bonds except in the case of the issuance of a Bond or Bonds for the unredeemed portion of a Bond surrendered for redemption. Section 7. Form of Bond The Bonds shall be prepared in substantially the following form; provided, however, that if the text of any Bond is to be printed in its entirety on the front side of any Bond, then the second paragraph on the front side and the legend, “See Reverse Side for Additional Provisions”, shall be omitted and the text of paragraphs set forth on the reverse side shall be inserted immediately after the first paragraph on the front side: -19- (Form of Bond - Front Side) REGISTERED REGISTERED NO. ______ $_________ UNITED STATES OF AMERICA STATE OF ILLINOIS COUNTY OF KENDALL UNITED CITY OF YORKVILLE GENERAL OBLIGATION BOND (ALTERNATE REVENUE SOURCE), SERIES 2016A See Reverse Side for Additional Provisions Interest Maturity Dated Rate: ____% Date: December 30, ____ Date: October , 2016 CUSIP: _______ Registered Owner: Cede & Co. Principal Amount: $ KNOW ALL MEN BY THESE PRESENTS, that the United City of Yorkville, Kendall County, Illinois, a municipality and political subdivision of the State of Illinois (the “City”), hereby acknowledges itself to owe and for value received promises to pay to the Registered Owner identified above, or registered assigns as hereinafter provided, on the Maturity Date identified above, the Principal Amount identified above and to pay interest (computed on the basis of a 360-day year of twelve 30-day months) on such Principal Amount from the Dated Date of this Bond or from the most recent interest payment date to which interest has been paid at the Interest Rate per annum set forth above on June 30 and December 30 of each year, commencing June 30, 2017, until said Principal Amount is paid. The principal of this Bond is payable in lawful money of the United States of America upon presentation hereof at the principal office maintained for the purpose by Amalgamated Bank of Chicago, Chicago, Illinois, as paying agent and bond registrar (the “Bond Registrar”). Payment of interest shall be made to the Registered Owner hereof as shown on the registration books of the City maintained by the Bond Registrar. -20- Payment of the installments of interest shall be made to the Registered Owner hereof as shown on the registration books of the City maintained by the Bond Registrar, at the close of business on the 15th day of the month next preceding each interest payment date and shall be paid by check or draft of the Bond Registrar, payable upon presentation in lawful money of the United States of America, mailed to the address of such Registered Owner as it appears on such registration books or at such other address furnished in writing by such Registered Owner to the Bond Registrar, or as otherwise agreed by the City and the Depository so long as the Bonds remain in book-entry only form as hereinafter provided. Reference is hereby made to the further provisions of this Bond set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as if set forth at this place. The City has designated the Bonds as qualified tax-exempt obligations to qualify the Bonds for the $10,000,000 exception from the provisions of Section 265(b) of the Internal Revenue Code of 1986 relating to the disallowance of 100% of the deduction for interest expense allocable to tax-exempt obligations. It is hereby certified and recited that all conditions, acts and things required to be done precedent to and in the issuance of this Bond, have existed and have been properly done, happened and been performed in regular and due form and time as required by law; that the indebtedness of the City, represented by the Bonds, does not exceed any limitation imposed by law; and that provision has been made for the collection of the Pledged Revenues, the levy and collection of the Pledged Taxes, and the segregation of the Pledged Moneys to pay the interest hereon as it falls due and also to pay and discharge the principal hereof at maturity; and that the City hereby covenants and agrees that it will properly account for said Pledged Moneys and will comply with all the covenants of and maintain the funds and accounts as provided by the -21- Ordinance The full faith, credit and resources of the City are pledged to the punctual payment of the principal of and interest on the Bonds. This Bond shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Bond Registrar. IN WITNESS WHEREOF, said United City of Yorkville, Kendall County, Illinois, by its City Council, has caused this Bond to be signed by the manual or duly authorized facsimile signature of the Mayor of the City and attested by the manual or duly authorized facsimile signature of the Clerk of said City, and its corporate seal to be affixed hereto or printed hereon, all as of the Dated Date identified above. (Facsimile Signature) Mayor (SEAL) Attest: (Facsimile Signature) City Clerk Date of Authentication: ___________, ____ CERTIFICATE OF AUTHENTICATION Bond Registrar and Paying Agent: Amalgamated Bank of Chicago Chicago, Illinois This Bond is one of the Bonds described in the within mentioned ordinance and is one of the General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016, of the United City of Yorkville, Kendall County, Illinois. Amalgamated Bank of Chicago, as Bond Registrar By (Manual Signature) Authorized Officer -22- [Form of Bond - Reverse Side] UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS GENERAL OBLIGATION BOND (ALTERNATE REVENUE SOURCE), SERIES 2016A This bond and the bonds of the series of which it forms a part (“Bond” and “Bonds” respectively) are part of an authorized issue of ____________ Dollars ($_______) of like date and tenor, except as to maturity, rate of interest and privilege of redemption, and are issued pursuant to the Local Government Debt Reform Act of the State of Illinois, as amended (the “Act”). The Bonds are issued pursuant to the Act and pursuant to Division 139 of Article 11 of the Illinois Municipal Code, as supplemented and amended (the “Code”) for the purpose of paying the cost of refunding certain outstanding alternate revenue bonds and debt certificates previously issued by the City (collectively, the “Outstanding Obligations”) and paying expenses incidental thereto. The Bonds are issued pursuant to an authorizing ordinance passed by the City Council of the City (the “Corporate Authorities”) on the 28th day of June, 2016 and pursuant to Ordinance No. _______, passed by the Corporate Authorities on the 11th day of October, 2016 (the “Bond Ordinance”), to which reference is hereby expressly made for further definitions and terms and to all the provisions of which the owner by the acceptance of this Bond assents. Under the Code and the Bond Ordinance, the Revenues, as defined in the Bond Ordinance, from the operation of the System shall be deposited into the Waterworks and Sewerage Fund of the City which shall be used only and has been pledged for paying Operation and Maintenance Expenses, paying the principal of and interest on all bonds of the City that are payable by their terms from the revenues of the System, providing an adequate depreciation fund, and in making all payments required to maintain the accounts established under the Bond Ordinance. The City may issue future waterworks and sewerage revenue bonds, which bonds -23- may have a prior lien on the Revenues, or additional alternate bonds on a parity with the Bonds, in each case pursuant to the terms of the Bond Ordinance. The Bonds are payable from (a) (i) moneys to the credit of the Alternate Bond and Interest Subaccount within the Surplus Account of the Waterworks and Sewerage Fund (the “Pledged Revenue”), said Surplus Account consisting of the funds remaining in the Waterworks and Sewerage Fund after the required monthly deposits and credits have been made under the Bond Ordinance or future revenue bond ordinances to the various accounts of the Waterworks and Sewerage Fund, (ii) all collections distributed to the City pursuant to the State Revenue Sharing Act from those taxes imposed by the State of Illinois pursuant to subsections (a) and (c) of Section 201 of the Illinois Income Tax Act, as supplemented and amended from time to time, or substitute taxes therefor as provided by the State of Illinois in the future, and (iii) such other funds of the City as may be necessary and on hand from time to time and lawfully available for such purpose and (b) ad valorem taxes levied against all of the taxable property in the City without limitation as to rate or amount (the “Pledged Taxes”) (the Pledged Revenues and the Pledged Taxes being collectively called the “Pledged Moneys”), all in accordance with the provisions of the Act and the Municipal Code. The Bonds are issued on a parity with the City’s currently outstanding General Obligation Bonds (Alternate Revenue Source), Series 2004B, General Obligation Refunding Bonds (Alternate Revenue Source), Series 2007A and General Obligation (Alternate Revenue Source) Refunding Bonds, Series 2014C. Under the Act and the Bond Ordinance, the Pledged Revenues shall be deposited into and segregated in the Alternate Bond and Interest Subaccount of the Surplus Account, and the Pledged Taxes shall be deposited into and segregated in the 2016 Alternate Bond Fund, each as created or continued by the Bond Ordinance. Moneys on deposit in said Subaccount and said -24- Fund shall be used first and are pledged for paying the principal of and interest on the Bonds and then for any further purposes as provided by the terms of the Bond Ordinance. This Bond does not and will not constitute an indebtedness of the City within the meaning of any constitutional provision or limitation, unless the Pledged Taxes shall be extended pursuant to the general obligation, full faith and credit promise supporting the Bonds, in which case the amount of the Bonds then Outstanding shall be included in the computation of indebtedness of the City for purposes of all statutory provisions or limitations until such time as an audit of the City shall show that the Bonds shall have been paid from the Pledged Revenues for a complete Fiscal Year, in accordance with the Act. Additional Bonds payable from the Pledged Revenues may be issued pursuant to the terms of the Bond Ordinance. The Additional Bonds shall share ratably and equally in the Pledged Revenues with the Bonds, provided, however, that no Additional Bonds shall be issued except in accordance with the provisions of the Act. This Bond is not subject to redemption prior to maturity at the option of the City. This Bond is transferable by the registered owner hereof in person or by his attorney duly authorized in writing at the principal office maintained for the purpose by the Bond Registrar in Chicago, Illinois, but only in the manner, subject to the limitations and upon payment of the charges provided in the Bond Ordinance, and upon surrender and cancellation of this Bond. Upon such transfer a new Bond or Bonds of authorized denominations of the same maturity and for the same aggregate principal amount will be issued to the transferee in exchange therefor. The Bonds are issued in fully registered form in the denomination of $5,000 each or authorized integral multiples thereof. This Bond may be exchanged at the principal office maintained for the purpose by the Bond Registrar for a like aggregate principal amount of Bonds -25- of the same maturity of other authorized denominations, upon the terms set forth in the Bond Ordinance. The City and the Bond Registrar may deem and treat the registered owner hereof as the absolute owner hereof for the purpose of receiving payment of or on account of principal hereof and interest due hereon and for all other purposes and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. (ASSIGNMENT) FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto _____________________ _________________________________________________________________________________ (Name and Address of Assignee) the within Bond and does hereby irrevocably constitute and appoint ________________________ _________________________________________________________________________________ attorney to transfer the said Bond on the books kept for registration thereof with full power of substitution in the premises. Dated: _____________________________ _____________________________ Signature guaranteed: _____________________________ NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears upon the face of the within Bond in every particular, without alteration or enlargement or any change whatever. -26- Section 8. Sale of Bonds. The Designated Officers are hereby authorized to proceed, without any further official authorization or direction whatsoever from the Corporate Authorities, to sell and deliver the Bonds upon the terms as prescribed in this Ordinance and in the Notice of Sale. The Bonds hereby authorized shall be executed as provided in this Ordinance as soon after the passage of this Ordinance as may be determined by the Designated Officers, and, after authentication thereof by the Bond Registrar, shall be delivered to the Purchaser upon payment of the Purchase Price. The Notice of Sale and the contract for sale of the Bonds to the Purchaser is hereby in all respects ratified, approved and confirmed, it being declared that no person holding any office of the City, either by election or appointment under the laws or Constitution of the State of Illinois, is in any manner financially interested directly in his or her own name or indirectly in the name of any person, association, trust or corporation, in such contract for sale or the performance of any work relating to such contract or the Bonds or the use of the proceeds thereof, the making or letting of which such officer may be called on to act or vote. It being also declared that no such officer represents, either as agent or otherwise, any person, association, trust or corporation, with respect to which any application or bid for any contract or work relating to such contract for sale or the Bonds or the use of the proceeds thereof in regard to which such officer may be called upon to vote. The Designated Officers shall have the authority to sell the Bonds in any event so long as the limitations set forth in this Ordinance and the conditions of this Section shall have been met. Upon the sale of the Bonds, the Designated Officers, individually or together, and any other officers of the City, as shall be appropriate, shall be and are hereby authorized and directed to -27- approve or execute, or both, such documentation of sale of the Bonds as may be necessary, including, without limitation, the Purchase Contract between the City and the Purchaser (the “Purchase Contract”), an Official Statement, the Tax Compliance Agreement (as hereinafter defined), the bid form between the City and the Purchaser, and closing documents and certificates. The use and distribution of the preliminary Official Statement relating to the Bonds presented before this meeting is hereby in all respects ratified, confirmed, authorized and approved, and the proposed use by the Purchaser of an Official Statement (in substantially the form of the preliminary Official Statement but with appropriate variations to reflect the final terms of the Bonds) is hereby confirmed, approved and authorized, and each Designated Officer is hereby authorized to execute and deliver said Official Statement. The Designated Officers are hereby authorized to take any action as may be required on the part of the City to consummate the transactions contemplated by this Ordinance, and said final Official Statement, and the Bonds. The selection and retention of Arnstein & Lehr LLP, Chicago, Illinois, to serve as bond counsel in connection with the issuance of the Bonds is hereby ratified, confirmed and approved. Nothing in this Ordinance shall require the Designated Officers to sell the Bonds or to cause the abatement of any taxes levied pursuant hereto if, in their judgment, the conditions of the Purchase Contract have not been met or if the conditions in the bond markets have markedly deteriorated from the time of adoption hereof, but the Designated Officers shall have the authority to sell the Bonds in any event so long as the limitations set forth in this Ordinance and the conditions of this Section shall have been met. Section 9. Treatment of Bonds as Debt. The Bonds shall be payable from the Pledged Moneys and shall not constitute an indebtedness of the City within the meaning of any -28- constitutional provision or limitation, unless the Pledged Taxes shall be extended pursuant to the general obligation, full faith and credit promise supporting the Bonds, as set forth herein, in which case the amount of the Bonds then Outstanding shall be included in the computation of indebtedness of the City for purposes of all statutory provisions or limitations until such time as an audit of the City shall show that the Bonds shall be been paid from the Pledged Revenues for a complete Fiscal Year, in accordance with the Act. Section 10. Continuation of Waterworks and Sewerage Fund and Accounts; Flow of Funds. Upon the issuance of any of the Bonds, the System shall continue to be operated on a Fiscal Year basis. All of the Revenues shall be set aside as collected and be deposited into that certain separate fund and in an account in a bank designated by the Corporate Authorities, which fund has heretofore been created and designated as the “Waterworks and Sewerage Fund” of the City and is expressly continued hereunder, and which fund shall constitute a trust fund for the sole purpose of carrying out the covenants, terms, and conditions of the Outstanding Alternate Bond Ordinances, this Ordinance and any Future Bond Ordinances. There shall be and there are hereby continued separate accounts in the Waterworks and Sewerage Fund to be known as the “Operation and Maintenance Account,” such other accounts as may be established under any Future Bond Ordinances, the “Depreciation Account,” and the “Surplus Account,” to which there shall be credited on or before the first day of each month by the financial officer of the City, without any further official action or direction, in the order in which said accounts are hereinafter mentioned, all moneys held in the Fund, in accordance with the following provisions: (a) Operation and Maintenance Account: There shall be credited to or retained in the Operation and Maintenance Account an amount sufficient, when added to the amount then on deposit in said Account, to -29- establish or maintain a balance to an amount not less than the amount considered necessary to pay Operation and Maintenance Costs for the then current month. (b) Accounts Created Pursuant to Future Bond Ordinances: Future Bond Ordinances may create additional accounts in the Waterworks and Sewerage Fund for the payment and security of waterworks and sewerage revenue bonds that hereafter may be issued by the City. Amounts in the Waterworks and Sewerage Fund shall be credited to and transferred from said accounts in accordance with the terms of the Future Bond Ordinances. (c) Depreciation Account: Beginning the month after the delivery of the Bonds, there shall be credited to the Depreciation Account and held, in cash and investments, such sum as the Corporate Authorities may deem necessary in order to provide an adequate depreciation fund for the System. In Future Bond Ordinances, the City may covenant to make specific monthly deposits to said Depreciation Account and to accumulate funds therein. Amounts to the credit of said Depreciation Account shall be used for (i) the payment of the cost of extraordinary maintenance, necessary repairs and replacements, or contingencies, the payment for which no other funds are available, in order that the System may at all times be able to render efficient service, (ii) for the purpose of acquiring or constructing improvements and extensions to the System, and (iii) the payment of principal of or interest and applicable premium on any Outstanding Bonds at any time when there are no other funds available for that purpose in order to prevent a default. Future Bond Ordinances may provide for additional deposits to said Depreciation Account and additional uses and transfers of the funds on deposit in said Depreciation Account. -30- (d) Surplus Account: All moneys remaining in the Waterworks and Sewerage Fund, after crediting the required amounts to the respective accounts hereinabove provided for, and after making up any deficiency in said accounts, shall be credited to the Surplus Account. Funds in the Surplus Account shall first be used to make up any subsequent deficiencies in any of said accounts and then shall be deposited to a separate and segregated account hereby created and designated the “Alternate Bond and Interest Subaccount of the Surplus Account” (the “Alternate Bond and Interest Subaccount“), as follows: A. Upon the delivery of any of the Bonds, there shall be paid into the Alternate Bond and Interest Subaccount in each month after the required payments have been made into the Accounts above described, a fractional amount of the interest becoming due on the next succeeding interest payment date on all Outstanding Bonds and Outstanding Alternate Bonds and a fractional amount of the principal becoming due on the next succeeding principal maturity date of all Outstanding Bonds and Outstanding Alternate Bonds and until there shall have been accumulated in the Alternate Bond and Interest Subaccount on or before the month preceding such maturity date of interest or principal, an amount sufficient to pay such principal or interest, or both, of all Outstanding Bonds and Outstanding Alternate Bonds. B. In computing the fractional amount to be set aside each month in said Alternate Bond and Interest Subaccount, the fraction shall be so computed that sufficient funds will be set aside in said Subaccount and will be available for the prompt payment of such principal of and interest on all Outstanding Bonds and Outstanding Alternate Bonds as the same will become due and shall be not less than -31- one-sixth (1/6th) of the interest becoming due on the next succeeding interest payment date and not less than one-twelve (1/12th) of the principal becoming due on the next succeeding principal payment date on all Outstanding Bonds and Outstanding Alternate Bonds until there is sufficient money in said Subaccount to pay such principal or interest or both. C. Credits to the Alternate Bond and Interest Subaccount may be suspended in any Fiscal Year at such time as there shall be a sufficient sum, held in cash and investments , in said Subaccount to meet principal and interest requirements in said Subaccount for the balance of such Fiscal Year, but such credits shall be resumed at the beginning of the next Fiscal Year. D. All moneys in said Subaccount shall be used only for the purpose of paying interest on and principal of Outstanding Bonds, Outstanding Alternate Bonds and Additional Bonds. E. The portion of the Pledged Revenues not constituting Revenues, namely, (i) all collections distributed to the City pursuant to the State Revenue Sharing Act from those taxes imposed by the State of Illinois pursuant to subsections (a) and (c) of Section 201 of the Illinois Income Tax Act, as supplemented and amended from time to time, or substitute taxes therefor as provided by the State of Illinois in the future, and (ii) such other funds of the City as may be necessary and on hand from time to time and lawfully available for such purpose, shall also be deposited in the Alternate Bond and Interest Subaccount from time to time, as necessary to provide for payment of the principal of and interest on the Bonds. F. Any funds remaining in the Surplus Account after the making the aforesaid deposits to the credit of the Alternate Bond and Interest Subaccount, at the -32- discretion of the Corporate Authorities shall be used for the purpose of paying debt service in connection with those certain loan agreements with the State of Illinois, acting through the Illinois Environmental Protection Agency, and then for any purpose enumerated in any Future Bond Ordinance or for any other lawful System purpose. Moneys to the credit of the Waterworks and Sewerage Fund may be invested pursuant to any authorization granted to municipal corporations by Illinois statute or court decision. Section 11. 2016 Alternate Bond Fund. There is hereby created a special fund of the City, which fund shall be held by the Paying Agent separate and apart from all other funds and accounts of the City and shall be known as the “2016 Alternate Bond Fund” (the “Bond Fund”). The purpose of the Bond Fund is to provide a fund to receive and disburse the Pledged Revenues for the Bonds and to receive and disburse the Pledged Taxes for any (or all) of the Bonds. All payments made with respect to the Bonds from the Pledged Revenues shall be made directly from the Alternate Bond and Interest Subaccount of the Waterworks and Sewerage Fund. The Bond Fund constitutes a trust fund established for the purpose of carrying out the covenants, terms and conditions imposed upon the City by this Ordinance. Any Pledged Taxes received by the City shall promptly be deposited into the Bond Fund. Pledged Taxes on deposit to the credit of the Bond Fund shall be fully spent to pay the principal of and interest on the Bonds prior to the use of any moneys on deposit in the Alternate Bond and Interest Account. Section 12. Use of Bond Proceeds. The proceeds derived from the sale of the Bonds shall be used as follows: (a) Accrued interest, if any, received by the City upon the sale of the Bonds shall be remitted by the Treasurer for deposit into the Alternate Bond and Interest Subaccount, and used to pay first interest coming due on the Bonds or be deposited into the Escrow Account as set forth in the Escrow Agreement. -33- (b) The City shall then allocate from the Bond proceeds the sum necessary for expenses incurred in the issuance of the Bonds which shall be deposited into an “Expense Fund” to be maintained by the Treasurer and disbursed for such issuance expenses from time to time in accordance with usual City procedures for the disbursement of funds, which disbursements are hereby expressly authorized. Moneys not disbursed from the Expense Fund within six (6) months shall be transferred by the City for deposit in the Alternate Bond and Interest Subaccount, and any deficiencies in the Expense Fund shall be paid by disbursement from the Alternate Bond and Interest Subaccount. (c) The balance of the proceeds of the sale of the Bonds, together with such money in the debt service fund for the Refunded Obligations as may be advisable for the purpose, shall be used to provide for the Refunding, and to that end, shall be irrevocably deposited into a separate and segregated escrow account to be established pursuant to an Escrow Agreement to be executed by the Designated Officers, which Escrow Agreement shall be in form as provided by Bond Counsel and approved by the City Attorney. The Designated Officers are hereby authorized and directed to sign the Escrow Agreement in such form, with such changes, insertions, omissions and additions as they shall reasonably determine appropriate and necessary to constitute official approval thereof by the Corporate Authorities, it being the express intent of the Corporate Authorities that no further official action shall be required to approve same. (d) Pursuant to the Escrow Agreement, the Escrow Agent shall refund the following portion of the Outstanding Obligations constituting the Refunded Obligations on the Redemption Date: 2006A Debt Certificates Maturity Date Outstanding Principal Amount Principal Amount Refunded Redemption Price December 30, 2016 $460,000 $0* NA December 30, 2017 $475,000 100% December 30, 2018 $495,000 100% December 30, 2019 $850,000 100% December 30, 2020 $850,000 100% December 30, 2021 $390,000 100% December 30, 2022 $255,000 100% * The principal of and interest on that portion of the 2006A Debt Certificates maturing on December 30, 2016 shall be paid as described in the ordinance of the City authorizing the 2006A Debt Certificates. -34- 2007A Bonds Maturity Date Outstanding Principal Amount Principal Amount Refunded Redemption Price December 30, 2016 $15,000 $0** NA December 30, 2017 $15,000 100% December 30, 2018 $15,000 100% December 30, 2019 $680,000 100% December 30, 2020 $695,000 100% December 30, 2021 $725,000 100% December 30, 2022 $750,000 100% ** The principal of and interest on that portion of the 2007A Bonds maturing on December 30, 2016 shall be paid from the sources described in the Outstanding Alternate Bond Ordinance authorizing the 2007A Bonds. (e) The Escrow Agent, the Purchaser or Speer be and the same hereby are each authorized to act as agent for the City in the purchase of the Government Securities described and set forth in the Escrow Agreement. Section 13. Pledged Taxes; Tax Levy. For the purpose of providing additional funds required to pay the interest and principal on the Bonds promptly when and as the same falls due, and to pay and discharge the principal thereof at maturity, and as provided in Section 15 of the Act, there is hereby levied upon all of the taxable property within the City, in the years for which any of the Bonds are outstanding, a direct annual tax sufficient for that purpose; and there be and there hereby is hereby levied on all of the taxable property in the City the following direct annual taxes (the “Pledged Taxes”): Year of Levy An Amount Sufficient to Produce the Sum of: 2016 $ for principal and interest 2017 $ for principal and interest 2018 $ for principal and interest 2019 $ for principal and interest 2020 $ for principal and interest 2021 $ for principal and interest -35- Interest or principal coming due at any time when there are insufficient funds on hand from the Pledged Taxes to pay the same shall be paid promptly when due from current funds on hand in advance of the collection of the Pledged Taxes herein pledged and levied; and when the Pledged Taxes shall have been collected, reimbursement shall be made to said funds in the amount so advanced. The City covenants and agrees with the Purchaser and registered owners of the Bonds that so long as any of the Bonds remain outstanding, the City will take no action or fail to take any action which in any way would adversely affect the ability of the City to collect the Pledged Revenues or to levy and collect the Pledged Taxes. The City and its officers will comply with all present and future applicable laws in order to assure that the Pledged Revenues will be available and that the Pledged Taxes will be levied, extended and collected as provided herein, and deposited into the Bond Fund. Whenever and only when other funds from any lawful source are made available for the purpose of paying any principal of or interest on the Bonds, so as to enable the abatement of the taxes levied herein for the payment of same, the Corporate Authorities shall, by proper proceedings, direct the deposit of such funds into the Bond Fund and further shall direct the abatement of the taxes by the amount so deposited. A certified copy or other notification of any such proceedings abating taxes may then be filed with the County Clerk in a timely manner to effect such abatement. In the alternative, the Corporate Authorities may, by proper proceedings, authorize a procedure for the deposit of such funds into the Bond Fund by duly authorized officers of the City, which procedure may be self-executing, and may further, accordingly, authorize such officers to abate the taxes by the amount so deposited from time to time by certificate to the County Clerk, which certificate upon filing shall be full authority for the County Clerk to effect such abatement. -36- Section 14. Filing with County Clerk. Promptly, as soon as this Ordinance becomes effective, a copy of this Ordinance, as certified by the City Clerk, shall be filed with the County Clerk; and said County Clerk shall in and for each of the levy years required ascertain the rate percent required to produce the aggregate Pledged Taxes hereinbefore provided to be levied in each of said years; and said County Clerk shall extend the same for collection on the tax books in connection with other taxes levied in said years in and by the City for general corporate purposes of the City; and the County Clerk, or other appropriate officer or designee, shall remit the Pledged Taxes for deposit to the credit of the Bond Fund, and in said years the Pledged Taxes shall be levied and collected by and for and on behalf of the City in like manner as taxes for general corporate purposes for said years are levied and collected, and in addition to and in excess of all other taxes. The Pledged Taxes are hereby irrevocably pledged to and shall be used only for the purpose of paying principal of and interest on the Bonds. Section 15. Abatement of Pledged Taxes. As provided in the Act, whenever the Pledged Revenues shall have been determined by the Treasurer to provide in any calendar year an amount not less than 1.25 times debt service of all outstanding Bonds in the next succeeding Bond Year (June 30 and December 30) and whenever monies have been deposited to the credit of the Alternate Bond and Interest Subaccount in an amount sufficient to pay debt service on all outstanding Bonds in the next succeeding bond year, the Treasurer shall, prior to the time the Pledged Taxes levied in such calendar year are extended, direct the abatement of the Pledged Taxes, and proper notification of such abatement shall be filed with the County Clerk in a timely manner to effect such abatement.Section 16. Future Revenue Bonds, Additional Bonds and Subordinate Bonds. The City reserves the right to issue without limit bonds payable solely and only from the Revenues, which bonds may have a lien on the Revenues prior to the lien on the Pledged Revenues that secures the Outstanding Bonds and the Outstanding Alternate Bonds, -37- provided that upon the issuance of such bonds, the City shall be able to demonstrate in the same manner as provided by the Act, as the Act is written at this time, that at such time all Outstanding Bonds and Outstanding Alternate Bonds could then be issued as if not then having previously been issued; that is, that the requirements of the Act for the issuance of alternate bonds payable from the Revenues shall have been met on such date for all Outstanding Bonds and Outstanding alternate Bonds.The City also reserves the right to issue Additional Bonds from time to time payable from the Pledged Revenues, and any such Additional Bonds shall share ratably and equally in the Pledged Revenues with the Bonds; provided, however, that no Additional Bonds shall be issued except in accordance with the provisions of the Act as the Act is written at this time. The City also reserves the right to issue revenue bonds from time to time payable from the Revenues that are subordinate to the Outstanding Alternate Bonds and Bonds or Additional Bonds and are payable from the money remaining in the Surplus Account continued hereunder after making required deposits into the Alternate Bond and Interest Subaccount. Section 17. General Covenants. The City covenants and agrees with the owners of the Outstanding Bonds, so long as there are any Outstanding Bonds, as follows: A. The City hereby pledges the Pledged Revenues to the payment of the Bonds, and the Corporate Authorities covenants and agrees to provide for, collect and apply the Pledged Revenues to the payment of the Outstanding Alternate Bonds and the Bonds, and the provision of not less than an additional 0.25 times debt service on the Outstanding Alternate Bonds and the Bonds, all in accordance with Section 15 of the Act. B. The City will punctually pay or cause to be paid from the Alternate Bond and Interest Subaccount and from the Bond Fund the principal of, interest on and premium, if any, to become due in respect to the Bonds in strict conformity with the terms of the Bonds and -38- this Ordinance, and it will faithfully observe and perform all of the conditions, covenants and requirements thereof and hereof. C. The City will pay and discharge, or cause to be paid and discharged, from the Alternate Bond and Interest Subaccount and the Bond Fund any and all lawful claims which, if unpaid, might become a lien or charge upon the Pledged Revenues or Pledged Taxes, or any part thereof, or upon any funds in the hands of the Bond Registrar, or which might impair the security of the Bonds. Nothing herein contained shall require the City to make any such payment so long as the City in good faith shall contest the validity of said claims. D. The City will keep, or cause to be kept, proper books of record and accounts, separate from all other records and accounts of the City, the Pledged Revenues, related Pledged Taxes, the Alternate Bond and Interest Subaccount and the Bond Fund. Such books of record and accounts shall at all times during business hours be subject to the inspection of the registered owners of not less than ten percent (10%) of the principal amount of the Outstanding Bonds or their representatives authorized in writing. E. The City will preserve and protect the security of the Bonds and the rights of the registered owners of the Bonds, and will warrant and defend their rights against all claims and demands of all persons. From and after the sale and delivery of any of the Bonds by the City, the Bonds shall be incontestable by the City. F. The City will adopt, make, execute and deliver any and all such further ordinances, resolutions, instruments and assurances as may be reasonably necessary or proper to carry out the intention of, or to facilitate the performance of, the Outstanding Alternate Bond Ordinances and this Ordinance, and for the better assuring and confirming unto the registered owners of the Bonds of the rights and benefits provided in this Ordinance. -39- G. As long as any Bonds are Outstanding, the City will continue to deposit monies to the Alternate Bond and Interest Subaccount and, if necessary, the Pledged Taxes to the Bond Fund. The City covenants and agrees with the purchasers of the Bonds and with the registered owners thereof that so long as any Bonds remain Outstanding, the City will take no action or fail to take any action which in any way would adversely affect the ability of the City to levy the Pledged Taxes and to collect and to segregate the Pledged Moneys. The City and its officers will comply with all present and future applicable laws in order to assure that the Pledged Taxes can be levied and extended and that the Pledged Revenues and the Pledged Taxes may be collected and deposited to the Alternate Bond and Interest Subaccount and the Bond Fund, respectively, as provided herein. H. Once issued, the Bonds shall be and forever remain until paid or defeased the general obligation of the City, for the payment of which its full faith and credit are pledged, and shall be payable, in addition to the Pledged Revenues, from the levy of the Pledged Taxes as provided in the Act. I. The City will maintain the System in good repair and working order, will operate the same efficiently and faithfully, and will punctually perform all duties with respect thereto required by the Constitution and laws of the State of Illinois and the United States of America. J. The City will establish and maintain at all times reasonable fees, charges, and rates for the use and service of the System and will provide for the collection thereof and the segregation and application of the Revenues in the manner provided by this Ordinance, sufficient at all times to pay Operation and Maintenance Costs, to provide an adequate depreciation fund, to pay the principal of and interest on all revenue bonds of the City which by their terms are payable solely from the Revenues, and to provide for the creation and maintenance and funding -40- of the respective accounts as provided in Section 10 of this Ordinance; it is hereby expressly provided that the pledge and establishment of rates or charges for use of the System shall constitute a continuing obligation of the City with respect to such establishment and a continuing appropriation of the amounts received. K. There shall be charged against all users of the System, including the City, such rates and amounts for water and sewerage services as shall be adequate to meet the requirements of this section. Charges for services rendered to the City shall be made against the City, and payment for the same shall be made monthly from the corporate funds into the Waterworks and Sewerage Fund as revenues derived from the operation of the System. L. The City will make and keep proper books and accounts (separate and apart from all other records and accounts of said City), in which complete entries shall be made of all transactions relating to the System, and hereby covenants that within 180 days following the close of each Fiscal Year, it will cause the books and accounts of the System to be audited by independent certified public accountants. Said audit will be available for inspection by the holders of any of the Bonds. Each such audit, in addition to whatever matters may be thought proper by the accountants to be included therein, shall, without limiting the generality of the foregoing, include the following: 1. A statement in detail of income and expenditures of the System for such Fiscal Year. 2. A balance sheet as of the end of such Fiscal Year, including a statement of the amount held in each of the accounts of the Waterworks and Sewerage Fund. 3. A list of all insurance policies in force at the end of the Fiscal Year, setting out as to each policy the amount of the policy, the risks covered, the name of the insurer, and the expiration date of the policy, and any amounts held as self insurance reserves. -41- 4. The number of sewer customers served by the System at the end of the year and the quantity of sewage treated, the number of metered water customers and the number of unmetered water customers at the end of the year, the quantity of water pumped and the quantity of water billed. 5. Changes in the cost of purchased water or sewer services during such Fiscal Year. 6. A summary of rates in effect at the end of such Fiscal Year for services of the System and any changes in such rates effective during such Fiscal Year. 7. The amount and details of all future revenue bonds, Outstanding Bonds, Outstanding Prior Alternate Bonds, and Outstanding Additional Bonds. In connection with said audit, the accountant shall deliver a letter or statement regarding the manner in which the City has carried out the requirements of this Ordinance, and the accountant’s recommendations for any changes or improvements in the financial operation of the System. All expenses of the audit required by this section shall be regarded and paid as Operation and Maintenance Costs. Section 18. Defeasance. Bonds which are no longer Outstanding Bonds as defined in this Ordinance shall cease to have any lien on or right to receive or be paid from the Pledged Revenues or the Pledged Taxes, and shall no longer have the benefits of any covenant for the registered owners of Outstanding Bonds as set forth herein as such relates to lien and security for the Bonds in the Pledged Revenues or the Pledged Taxes. Section 19. Continuing Disclosure Undertaking. Any Designated Officer is hereby authorized to execute and deliver a Continuing Disclosure Undertaking, in customary form as approved by Bond Counsel and approved by the City Attorney, to effect compliance with Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. When such Continuing Disclosure Undertaking is executed and delivered on behalf of the City, it will be binding on the City and the officers, agents, and -42- employees of the City, and the same are hereby authorized and directed to do all such acts and things and to execute all such documents as may be necessary to carry out and comply with the provisions of such Continuing Disclosure Undertaking as executed and delivered. Notwithstanding any other provisions hereof, (a) the sole remedies for failure to comply with such Continuing Disclosure Undertaking shall be the ability of the beneficial owner of any Bond to seek mandamus or specific performance by court order, to cause the City to comply with its obligations thereunder, and (b) the failure of the City to comply with the Continuing Disclosure Undertaking shall not be considered an event of default under the Bonds or this Ordinance. Section 20. Taxes Previously Levied. The taxes previously levied for the years 2016 (collectible in 2017) and thereafter to pay the Refunded Obligations shall be abated as set forth in a Certificate of Tax Reduction to be executed and delivered by the Designated Officers upon the sale of the Bonds. The Designated Officers are hereby expressly authorized to file an abatement certificate with the County Clerk, without further official action of the Corporate Authorities, to effectuate such abatement. Section 21. Call of the Refunded Obligations. In accordance with the redemption provisions of the ordinance authorizing the issuance of the Refunded Obligations, the City by the Corporate Authorities does hereby make provision for the payment of and does call (subject only to the delivery of the Bonds) the Refunded Bond for redemption and payment prior to maturity on the Redemption Date, as set forth in the Escrow Agreement, at the redemption price equal to one hundred percent (100%) of the principal amount of the Refunded Obligations being redeemed, plus accrued interest to the date of redemption. Section 22. Not Private Activity Bonds. None of the Bonds is a “private activity bond” as defined in Section 141(a) of the Code. In support of such conclusion, the City certifies, represents and covenants as follows: -43- (A) No direct or indirect payments are to be made on any Bond or were or are to be made on any Prior Bond with respect to any private business use by any person other than a state or local governmental unit. (B) None of the proceeds of the Bonds is, and none of the proceeds of the Outstanding Obligations was or is, to be used, directly or indirectly, to make or finance loans to persons other than a state or local governmental unit. (C) No user of the public capital infrastructure financed with the proceeds of the Outstanding Obligations (the “Prior Project”) other than the City or another governmental unit will use the same on any basis other than the same basis as the general public; and no person other than the City or another governmental unit will be or has been a user of the Prior Project as a result of (i) ownership or (ii) actual or beneficial use pursuant to a lease, a management or incentive payment contract, or (iii) any other arrangement. Section 23. Tax Covenants. The City agrees to comply with, and as of the date hereof reasonably expects that it will comply with, all provisions of the Code which, if not complied with by the City, would cause the Bonds not to be tax-exempt. As used herein, “tax-exempt” means, with respect to the Bonds, the status of interest paid and received thereon as not includible in the gross income of the owners thereof under the Code for federal income tax purposes except to the extent that such interest is taken into account in computing an adjustment used in determining the alternative minimum tax for certain corporations and in computing the “branch profits tax” imposed on certain foreign corporations. It shall not be an event of default under this Ordinance if the interest on any of the Bonds is not tax-exempt pursuant to any provision of the Code which is not currently in effect and in existence on the date of the issuance of the Bonds. -44- In furtherance of the foregoing provisions, but without limiting their generality, the City agrees: (a) through its officers, to make such further specific covenants, representations as shall be truthful, and assurances as may be necessary or advisable; (b) to comply with all representations, covenants and assurances contained in certificates or agreements as may be prepared by counsel approving the Bonds, including, without limitation, a Tax Compliance Agreement (the “Tax Compliance Agreement”); (c) to consult with such counsel and to comply with such advice as may be given; (d) to file such forms, statements and supporting documents as may be required and in a timely manner; and (e) if deemed necessary or advisable by its officers, to employ and pay fiscal agents, financial advisors, attorneys and other persons to assist the City in such compliance. The City further certifies and covenants as follows with respect to the requirements of Section 148(f) of the Code, relating to the rebate of “excess arbitrage profits” (the “Rebate Requirement”) to the United States: (A) Unless an applicable exception to the Rebate Requirement is available to the City, the City will meet the Rebate Requirement. (B) Relating to applicable exceptions, the Treasurer or the Mayor is hereby authorized to make such elections under the Code as either such officer shall deem reasonable and in the best interests of the City. If such election may result in a “penalty in lieu of rebate” as provided in the Code, and such penalty is incurred (the “Penalty”), then the City shall pay such Penalty. (C) The officers of the City shall cause to be established, at such time and in such manner as they may deem necessary or appropriate hereunder, a “2016 Bonds Rebate [or Penalty, if applicable] Fund” (the “148 Compliance Fund”) for the Bonds, and such officers shall further, not less frequently than annually, cause to be transferred to the 148 Compliance Fund the -45- amount determined to be the accrued liability under the Rebate Requirement or Penalty. Said officers shall cause to be paid to the United States Treasury, without further order or direction from the Corporate Authorities, from time to time as required, amounts sufficient to meet the Rebate Requirement or to pay the Penalty. (D) Interest earnings in the Bond Fund are hereby authorized to be transferred, without further order or direction from the Corporate Authorities, from time to time as required, to the 148 Compliance Fund for the purposes herein provided; and proceeds of the Bonds and other funds of the City are also hereby authorized to be used to meet the Rebate Requirement or to pay the Penalty, but only if necessary after application of investment earnings as aforesaid and only as appropriated by the Corporate Authorities. The Corporate Authorities also certify and further covenant with the Purchaser and the holders and registered owners of the Bonds from time to time outstanding that so long as any of the Bonds remain unpaid, moneys on deposit in any fund or account in connection with the Bonds, whether or not such moneys were derived from the proceeds of the sale of the Bonds or from any other source, will not be used in a manner which will cause the Bonds to be “arbitrage bonds” within the meaning of Section 148 of the Code, and any lawful regulations promulgated thereunder, as the same presently exist, or may from time to time hereafter be amended, supplemented or revised. The Corporate Authorities reserve the right, however, to make any investment of moneys on deposit in any fund or account in connection with the Bonds permitted by state law, if, when and to the extent that said Section 148 or regulations promulgated thereunder shall be repealed or relaxed or shall be held void by final decision of a court of competent jurisdiction, but only if any investment made by virtue of such repeal, relaxation or decision would not, in the opinion of an attorney at law or a firm of attorneys of nationally -46- recognized standing in matters pertaining to tax-exempt bonds, result in the inclusion of interest on the Bonds in gross income for federal income tax purposes. The Corporate Authorities are hereby authorized and directed to make such further covenants, estimates, representation, or assurances as may be necessary or advisable to the end that the Bonds not be “arbitrage bonds” as aforesaid. The City also agrees and covenants with the Purchaser and the holders of the Bonds from time to time outstanding that, to the extent possible under Illinois law, it will comply with whatever federal law is adopted in the future which applies to the Bonds and affects the tax- exempt status of the Bonds. In furtherance of the foregoing provision, but without limiting its generality, the City agrees: (a) through its Corporate Authorities, to make such further specific covenants, representations as shall be truthful, and assurances as may be necessary or advisable; (b) to comply with all representations, covenants and assurances contained in certificates or agreements as may be prepared by counsel approving the Bonds; (c) to consult with such counsel and to comply with such advice as may be given; (d) to file such forms, statements and supporting documents as may be required and in a timely manner; and (e) if deemed necessary or advisable by its officers, to employ and pay fiscal agents, financial advisors, attorneys and other persons to assist the City in such compliance. The City also certifies and further covenants with the purchasers and registered owners of the Bonds from time to time outstanding that the proceeds of the Bonds shall be devoted to and used with due diligence for the Refunding in accordance with the provisions of the Escrow Agreement, and that moneys on deposit in any fund or account in connection with the Bonds, whether or not such moneys were derived from the proceeds of the sale of the Bonds or from any other source, will not be used in a manner which will cause the Bonds to be “arbitrage bonds” within the meaning of Code Section 148 and any lawful regulations promulgated thereunder, as -47- the same presently exist or may from time to time hereafter be amended, supplemented or revised. Section 24. Registered Form. The City recognizes that Section 149(a) of the Code requires the Bonds to be issued and to remain in fully registered form in order to be and remain tax-exempt. In this connection, the City agrees that it will not take any action to permit the Bonds to be issued in, or converted into, bearer or coupon form. Section 25. Designation of Issue. The City recognizes the provisions of Section 265(b)(3) of the Code which provide that a “qualified tax-exempt obligation” as therein defined may be treated by certain financial institutions as if it were acquired on August 7, 1986, for certain purposes. The City hereby designates each of the Bonds as may be from time to time outstanding for purposes of Section 265(b)(3) of the Code as a “qualified tax-exempt obligation as provided therein. In support of such designation, the City certifies, represents and covenants as follows: A. None of the Bonds is a “private activity bond” as defined in Section 141(a) of the Code. B. Including the Bonds, the City (including any entities subordinate thereto) has not and does not reasonably expect to issue in excess of $10,000,000 in tax-exempt obligations of any kind during calendar year 2016. C. Including the Bonds, not more than $10,000,000 of obligations issued by the City (including any entities subordinate thereto) during the calendar year 2016 have been to date or will be designated by the City for purposes of said Section 265(b)(3) Section 26. List of Bondholders. The Bond Registrar shall maintain a list of the names and addresses of the owners of all Bonds and upon any transfer shall add the name and address of the new owner and eliminate the name and address of the transferor owner. -48- Section 27. Opinion of Counsel Exception. The City reserves the right to use or invest moneys in connection with the Bonds in any manner, notwithstanding the tax-related covenants set forth herein, provided it shall first have received an opinion from Arnstein & Lehr LLP, or any other attorney or a firm of attorneys of nationally recognized standing as bond counsel, to the effect that use or investment of such moneys as contemplated is valid and proper under applicable law and this Ordinance and, further, will not adversely affect the tax-exempt status for the Bonds. Section 28. Duties of Bond Registrar. If requested by the Bond Registrar or the Paying Agent, or both, any Designated Officer is authorized to execute the Bond Registrar’s standard form of agreement between the City and the Bond Registrar or Paying Agent with respect to the obligations and duties of the Bond Registrar hereunder which may include the following: (a) to act as bond registrar, paying agent, authenticating agent and transfer agent as provided herein; (b) to maintain a list of the owners of the Bonds as set forth herein and to furnish such list to the City upon request, but otherwise to keep such list confidential; (c) to give notice of redemption of Bonds as provided herein; (d) to cancel and/or destroy Bonds which have been paid at maturity or upon earlier redemption or submitted for exchange or transfer; (e) to furnish the City at least annually a certificate with respect to Bonds cancelled and/or destroyed; and (f) to furnish the City at least annually an audit confirmation of Bonds paid, Bonds outstanding and payments made with respect to interest on the Bonds. Section 29. Provisions a Contract. The provisions of this Ordinance shall constitute a contract between the City and the owners of the outstanding Bonds and no changes, additions, or alterations of any kind shall be made hereto, except as herein provided, so long as there are any outstanding Bonds. -49- Section 30. Severability. If any section, paragraph, clause or provision of this Ordinance shall be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other provisions of this Ordinance. Section 31. Repealer. All ordinances, resolutions or orders, or parts thereof, in conflict with the provisions of this Ordinance are to the extent of such conflict hereby repealed. Section 32. Effective Date. This Ordinance shall be in full force and effect forthwith and immediately upon its passage. -50- Passed by the Corporate Authorities on October 11, 2016 by a roll call vote as follows: AYES: _____________________________________________________________________ _____________________________________________________________________ NAYS: _____________________________________________________________________ ABSENT: _____________________________________________________________________ UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS By: ____________________________ Mayor APPROVED this 11th day of October, 2016. Attest: ____________________________________ City Clerk STATE OF ILLINOIS ) ) SS COUNTY OF KENDALL ) CERTIFICATION OF ORDINANCE AND MINUTES I, the undersigned, do hereby certify that I am the duly qualified and acting Clerk of the United City of Yorkville, Kendall County, Illinois (the “City”), and as such officer I am the keeper of the books, records, files, and journal of proceedings of the City and of the City Council thereof (the “City Council”). I do further certify that the foregoing constitutes a full, true and complete transcript of the minutes of the meeting of the City Council held on the 11th day of October, 2016, insofar as same relates to the adoption of Ordinance No. __________ entitled: AN ORDINANCE authorizing and providing for the issuance of General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016, of the United City of Yorkville, Kendall County, Illinois, in the aggregate principal amount of $ , for the purpose of refunding certain of the City’s outstanding debt certificates and alternate revenue bonds, authorizing the execution of an escrow agreement in connection therewith, providing for the imposition of taxes to pay the same and for the collection, segregation and distribution of certain City revenues for the payment of said bonds, and the abatement of a portion of taxes previously levied a true, correct and complete copy of which said ordinance as adopted at said meeting appears in the foregoing transcript of the minutes of said meeting. I do further certify that the deliberations of the City Council on the adoption of said ordinance were taken openly, that the vote on the adoption of said ordinance was taken openly, that said meeting was held at a specified time and place convenient to the public, that notice of said meeting was duly given to all of the news media requesting such notice, that said meeting was called and held in strict accordance with the provisions of the Illinois Municipal Code, as amended, and the Open Meetings Act of the State of Illinois, as amended, and that the City Council has complied with all of the applicable provisions of said Code and said Act and its procedural rules in the adoption of said ordinance. IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of the City, this 11th day of October, 2016. _______________________________ Clerk, United City of Yorkville, Kendall County, Illinois (SEAL) United City of Yorkville, Kendall County, Illinois Series 2016 Refunds 2007A ARS and 2006A DC Planning Refunds All Callable 2017-2022 Debt Service Comparison Date Total P+I Existing D/S Net New D/S Old Net D/S Savings 12/30/2016 -484,518.75 482,330.34 484,518.75 2,188.41 12/30/2017 665,356.01 -665,356.01 747,331.26 81,975.25 12/30/2018 663,647.50 -663,647.50 747,693.76 84,046.26 12/30/2019 1,666,747.50 -1,666,747.50 1,747,256.26 80,508.76 12/30/2020 1,614,557.50 -1,614,557.50 1,697,656.26 83,098.76 12/30/2021 1,120,455.00 -1,120,455.00 1,202,418.76 81,963.76 12/30/2022 962,010.00 -962,010.00 1,045,518.76 83,508.76 Total $6,692,773.51 $484,518.75 $7,175,103.85 $7,672,393.81 $497,289.96 PV Analysis Summary (Net to Net) Gross PV Debt Service Savings 591,071.16 Net PV Cashflow Savings @ 2.020%(AIC)591,071.16 Transfers from Prior Issue Debt Service Fund (128,665.63) Contingency or Rounding Amount 2,188.41 Net Present Value Benefit $464,593.94 Net PV Benefit / $6,195,000 Refunded Principal 7.499% Net PV Benefit / $6,300,000 Refunding Principal 7.375% Refunding Bond Information Refunding Dated Date 10/27/2016 Refunding Delivery Date 10/27/2016 Ser 2016 Ref 07A and 06A | Issue Summary | 10/ 5/2016 | 3:55 PM Speer Financial, Inc. Public Finance Consultants Since 1954 Page 1 Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number Mayor #2 Tracking Number CC 2016-57 Building Permit Fee Waiver City Council – October 11, 2016 N/A Majority Approval See attached memo. Bart Olson Administration Name Department Summary Approval of a building permit fee waiver for a homesite in Autumn Creek. Background The City has been approached by Pulte Homes for a building permit fee waiver for Lot 314 in the Autumn Creek subdivision. Pulte Homes is building a home for an area charity and plans to give the house away to a deserving recipient. As part of this giveaway, Pulte has asked us to waive our building permit fees in full. The value of the building permit on this lot is $11,918.49. The school district and the sanitary district have both indicated a willingness to waive their $3,000 transition fee and $1,400 connection fee respectively. Those boards will vote on the waiver at a later date. BKFD was also asked for their input on the waiver, and they consented to the $1,000 BKFD impact fee being waived. Recommendation Staff recommends waiver of the building permit fees for Lot 314 in the Autumn Creek subdivision. If acceptable to the City Council, this item can be approved through a simple motion. Memorandum To: City Council From: Bart Olson, City Administrator CC: Date: October 6, 2016 Subject: Building Permit Fee Waiver Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: See attached memo. Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number EDC #1 Tracking Number EDC 2016-47 Sugar Grove Boundary Agreement City Council – October 11, 2016 EDC – 9/6/16 Moved forward to CC agenda EDC 2016-47 Majority Approval Update and extension of existing boundary Krysti J. Barksdale-Noble Community Development Name Department Summary Per the recently completed Comprehensive Plan Update, a short term goal of the City (within 2 years) is to pursue new and extend existing boundary agreements with neighboring communities in an effort to promote and implement effective growth management practices. The proposed boundary agreement extension with Sugar Grove, which is set to expire on April 27, 2020, would now expire in the year 2036 and is the first of several existing agreements that are up for renewal and will be presented to the City Council for reconsideration. Background Illinois statute allows municipalities with adopted official plans (comprehensive plans) to enter into a boundary agreement when unincorporated territory is within 1½ miles of the boundaries of two or more corporate authorities. The United City of Yorkville has current boundary agreements with Montgomery, Oswego, Plano, Plainfield and Sugar Grove (refer to attached map). Other municipalities currently overlapping 1½ mile jurisdiction with Yorkville with whom the City does not have boundary agreements with include Millbrook and Newark. Municipalities that are beyond the contiguous 1½ mile jurisdiction with Yorkville, but likely to encroach this jurisdiction based on their current future planning areas, include Joliet, Lisbon, Millington and Plattville. The intent of the boundary agreement is to delineate a line which shall mark the boundaries of the respective jurisdiction and agree not to annex any unincorporated land which lies within the jurisdiction of the other municipality as established by such line. Further, Illinois statute requires boundary agreements to: • Give consideration to the natural flow of storm water drainage of the area; • Include all of any single tract having common ownership within one jurisdiction, when practical. • Not exceed a term of 20 years, however, following the expiration of the term it may be extended, renewed, or revised as the parties agree. Advantages and Disadvantages Boundary agreements create the opportunity for meaningful future land planning and establish proposed locations of different types of land uses. In addition, boundary agreements can specify infrastructure needs and responsibilities between corporate authorities so that development within the area between each municipality is orderly and efficient. However, there are other advantages and disadvantages to be considered. The advantages of entering into boundary agreements include: - Eliminating the risk of developers/property owners ability to obtain concessions from a municipality by pitting neighboring communities against one another; Memorandum To: Economic Development Committee From: Krysti J. Barksdale-Noble, Community Development Director CC: Bart Olson, City Administrator Date: August 9, 2016 Subject: Sugar Grove Boundary Agreement – Update and Extension - Allowing for better land use and infrastructure planning for the area. A determined boundary prevents a municipality from over or undersizing water and sewer lines, for example; - Reducing negative aspects of ‘competing’ with neighboring municipalities for territory; - Allowing for proactive verses reactive planning. While annexation and incorporation put communities in a reactive mode (reacting to a petition from a developer/property owner), cooperative boundary agreements enable communities to proactively guide their future. Potential disadvantages to Boundary Agreements include: - Agreement obligates future City Council officials to abide by the terms set forth in the boundary agreement for a period of up to twenty (20) years. As witnessed in this region, many changes have occurred over the last 20 years with population growth in the late 1990’s early 2000’s and then the economic/housing crisis in the mid 2000’s, both of which could not have been foreseen by city leaders during either time period. - Limitation and restriction of property owner’s choices as a result of boundary agreements. As stated above, one of the main purposes of entering into an agreement is to prevent property owners from ‘pitting’ municipalities against one another, however, this also means determining in the agreement what jurisdiction the territory will ultimately be annexed to – thus eliminating the property owners’ choice of community. - Level of compromise. Some concessions may need to be given in order to ‘compromise’ with a neighboring community in a boundary agreement. Original Sugar Grove Boundary Agreement The original boundary agreement between the United City of Yorkville and the Village of Sugar Grove, executed in April 2000 via Ord. 2000-22, established the following considerations for future development for the unincorporated area between the two communities: - The agreed upon boundary between Yorkville and Sugar Grove would be the county line separating Kane and Kendall Counties (see attached map). o The boundary basically runs along Baseline Road (US Route 30) from Ashe Road east to just before Bertram Road. o This approximately 3 mile boundary has primarily agriculture/farm land with some scattered residential homes on both the Sugar Grove and Yorkville sides (with the exception of the Sugar Grove Family Fun Center). - The agreement does not limit or adversely affect either municipality from filing a statutory objection to a proposed rezoning within one and one-half mile (1½) of its corporate boundary. o Since this agreement’s execution, staff is not aware of any statutory objections filed by either municipality. - Both municipalities shall adopt appropriate ordinances for the protection of well sites and ground water. o Yorkville has adopted numerous ordinances related to the protection of well sites and ground water since the adoption of the boundary agreement in 2000. Those have included:  Community Well Protection Ordinance (Ord. 2001-6)  Soil Erosion and Sediment Control Ordinance (Ord. 2003-19)  Wetland Protection Regulations for Water Quality and Stormwater Management (Ord. 2008-01)  Ordinance Prohibiting the Use of Groundwater within the Corporate Limits by the Installation or Drilling of Wells (Ord. 2008-78)  Fox River Watershed Ordinance (2009-48)  Ordinance Regulating the Illicit Discharge and Connections to the Municipal Separate Storm Sewer System (Ord. 2010-05)  Stormwater Management Program Plan (Ord. 2010-13)  Blackberry Creek Watershed Ordinance (Res. 2012-17)  Stormwater Management Ordinance (Res. 2012-30) - Recapture, Expansion and Repair of Baseline Road. o Language with the boundary agreement obligated each municipality to enact a Recapture Ordinance for 50% of the cost for any roadway improvements made by any developer or owner if development occurred adjacent to Baseline Road. Specific standards to how Baseline Road would be improved were also agreed upon. o The agreement also stated each City would cooperate with any third party agency that desired to take over jurisdiction of Baseline Road, such as the State of Illinois or Kendall or Kane Counties. o Each municipality agreed that no further expansion to or improvements of Baseline Road west of US 47 would be made without consulting the other municipality concerning the nature and scope of said improvements. o Major repairs or maintenance of Baseline Road to which both municipalities are contiguous are the time of repair would be on a 50/50% cost sharing basis. Additionally. Local costs for signalization on said roads shall be allocated based upon the number of intersection quadrants located in each municipality.  Since the adoption of this boundary agreement in April 2000, the City has not undertaken any major repairs or expansion to Baseline Road. Proposed New Sugar Grove Boundary Agreement The proposed updated boundary agreement between the City of Yorkville and the Village of Sugar Grove would be extended for another twenty (20) year term, or until 2036, and continue most of the same provisions of the exiting agreement with the following substance revisions: - Item # 5 - Revision was made that the boundary agreement does not preclude either municipality from filing a statutory objection to any land use change, not just rezoning requests, within one and one-half (1½) miles of its corporate boundaries. - Item #8 - Removal of most obligations related to Baseline Road with regards to recapture and specific improvement standards to now state “Each City agrees to review and consider the other cities Transportation Plan and Comprehensive Plan before making any improvements or modifications to Baseline Road.” - Item #16 – Addition of a general clause inserted by the Village of Sugar Grove’s Attorney to secure that nothing within the boundary agreement shall conflict with any prior executed boundary agreements with other municipalities. The incorporation of the new language related to the previously approved boundary agreements is due to the City’s lawsuit against Sugar Grove in the late 2000’s when we were trying to annex the Schramm piece north of US 30-Baseline Road (generally east of the driving range). We filed a pre- emptive lawsuit against Sugar Grove to get the boundary nullified because Sugar Grove had ceded that land to Montgomery in their boundary agreement. The City was unsuccessful in that lawsuit, which is why Sugar Grove wants to add the language. The City has no objections. Staff Comments & Recommendation Staff recommends adoption of the proposed Sugar Grove Boundary Agreement extension for a period of twenty (20) years, or until 2036. This is consistent with the goals of the Comprehensive Plan Update and sound planning practices. Per the Illinois Statutes, both corporate authorities are required to provide a public notice of the proposed boundary agreement for no less than 15 days at the location where notices are posted for any village board or city council meetings as well as publication within the local newspaper. Staff anticipates publishing a notice in the September 9th edition of the Beacon News for consideration at the September 27th City Council meeting. Staff is looking forward to getting the EDC’s feedback on this matter and answering any questions at Tuesday night’s meeting. Ordinance No. 2016-___ Page 1 Ordinance No. 2016-_____ AN ORDINANCE AUTHORIZING A JURISDICTIONAL BOUNDARY LINE AGREEMENT BETWEEN THE UNITED CITY OF YORKVILLE AND THE VILLAGE OF SUGAR GROVE WHEREAS, the United City of Yorkville (the “City”) is a duly organized and validly existing non home-rule municipality created in accordance with the constitution of the State of Illinois of 1970 and the laws of the State of Illinois; and, WHEREAS, there is unincorporated territory lying between the City and the Village of Sugar Grove (“Village”) that was the subject of a previous Jurisdictional Boundary Line Agreement (“Boundary Agreement”) entered into between the City and Village and it is the desire of each to update and extend the terms of that Boundary Agreement for an additional twenty years; and, WHEREAS, the Section 11-12-9 of the Illinois Municipal Code (65 ILCS 5/11-12- 9) provides for the entering into jurisdictional boundary line agreements after notice and hearing; and, WHEREAS, The City and Village have negotiated a new Boundary Agreement to establish a jurisdictional boundary line in order to enable each municipality to plan the orderly growth and development of their communities by the exercise of their planning, annexation, zoning and subdivision authority on its side of the boundary line. NOW THEREFORE, BE IT ORDAINED, by the Mayor and City Council of the United City of Yorkville, Kendall County, State of Illinois, as follows: Section 1: That the JURISDICTIONAL BOUNDARY LINE AGREEMENT BETWEEN VILLAGE OF SUGAR GROVE AND THE UNITED CITY OF YORKVILLE, KANE AND KENDALL COUNTIES, ILLINOIS, between the United City of Yorkville and the Village of Sugar Grove, a copy of which is attached hereto and made a part hereof as Exhibit A, be and the same is hereby approved and the Mayor and City Clerk be and are hereby authorized and directed to execute the Agreement on behalf of the United City of Yorkville. Section 2: This Ordinance shall be in full force and effect upon its passage and approval according to law. Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this _____ day of _________________, 2016. ______________________________ CITY CLERK Ordinance No. 2016-___ Page 2 CARLO COLOSIMO ________ KEN KOCH ________ JACKIE MILSCHEWSKI ________ LARRY KOT ________ CHRIS FUNKHOUSER ________ JOEL FRIEDERS ________ DIANE TEELING ________ SEAVER TARULIS ________ Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this ______ day of ___________________ 2016. ______________________________ MAYOR Big Rock Sugar Grove North Aurora Lisbon Millington Aurora Plattville Montgomery Minooka Joliet Plainfield Yorkville Sandwich Plano Newark Oswego Millbrook United City of Yorkville &Surrounding Boundary Agreements December 17, 2008 United City of Yorkville GIS Legend Prairie Parkway B5 Alignment Oswego/Yorkville Boundary Agreement Plainfield/Yorkville Boundary Agreement Yorkville/Montgomery Boundary Agreement Yorkville/Oswego Boundary Agreement Yorkville/Plano Boundary Agreement Yorkville/Sugar Grove Boundary Agreement Yorkville Planning Boundary Dates Effective Yorkville/Montgomery - November 26, 2007 thru November 26, 2027 Yorkville/Oswego - January 25, 2002 thru September 1, 2021 Yorkville/Plainfield - January 30, 2001 thru January 30, 2021 Yorkville/Plano - June 24, 1999 thru June 24, 2019 Yorkville/Sugar Grove - April 27, 2000 thru April 27, 2020 Revised 12.22.15 JURISDICTIONAL BOUNDARY LINE AGREEMENT BETWEEN THE VILLAGE OF SUGAR GROVE AND THE UNITED CITY OF YORKVILLE, KANE AND KENDALL COUNTY, ILLINOIS WHEREAS, unincorporated lands lying between the existing municipal boundaries of the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE, Kane and Kendall Counties, Illinois, are developing areas; and WHEREAS, developments under way or in various stages of planning are creating unusual growth opportunities between the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE; and WHEREAS, the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE realize that current plans and opportunities for development will be accompanied by significantly higher demands for transportation services, governmental police, power services, utilities services, and other municipal services and financial commitments to meet the necessities of service; and WHEREAS, the corporate authorities of both municipalities desire to reach a Jurisdictional Boundary Line Agreement in the interest of the orderly and regular development of their respective communities; in the interest of encouraging and aiding the development of the unincorporated areas lying between their municipalities; and in the interest of creating a new spirit of cooperation which will be in the best interests of both communities; and WHEREAS, the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE recognize that the land lying between their present municipal boundaries is in a rapidly developing area in which problems related to open space preservation, flood control, population density, joint operation of public facilities, ecological and economic impact, and multipurpose developments are ever increasing both in number and complexity; and WHEREAS, the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE and their respective citizens are vitally affected by said development problems and issues and any attempt to solve them and provide for the welfare, prosperity and enjoyment of the inhabitants of said municipalities, will be benefited by mutual action and intergovernmental cooperation with respect thereto; and WHEREAS the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE recognize the need and desirability to provide for logical municipal boundaries and areas of municipal authority between their respective municipalities in order to plan effectively and efficiently for the growth and potential development between their communities and the conservation of the available resources for all of their respective citizens; and Revised 12.22.15 WHEREAS in examining and shaping their plans, the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE acknowledge that the planning required should be free from the influence of developers’ finances; and WHEREAS, the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE have authorized, by Ordinance, the execution of this agreement as an exercise of their intergovernmental cooperation authority under the Constitution of the State of Illinois, and pursuant to the terms and provisions of Section 5/11‐12‐9 of the Illinois Municipal Code (65ILCD 5/11‐12‐9). NOW THEREFORE, upon the consideration of the mutual promises contained herein and upon the further consideration of the recitals hereinabove set forth, it is hereby agreed between the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE, as follows: 1. That the VILLAGE OF SUGAR GROVE shall have jurisdiction north of a certain boundary line and the UNITED CITY OF YORKVILLE shall have jurisdiction south of a certain boundary line which is delineated on a map which is marked Exhibit “A” and which is attached hereto and is fully incorporated herein. The Boundary Line shall be the boundary between Kane and Kendall Counties. 2. The parties shall not attempt to exercise authority by annexing, zoning, or performing any other similar acts in territory lying within the jurisdiction of the other municipality. 3. The Jurisdictional Boundary Line between the VILLAGE OF SUGAR GROVE and the UNITED CITY OF YORKVILLE, for municipal government planning, subdivision control and municipal purposes shall be as shown in Exhibit “A” which is attached hereto. 4. All future annexation Ordinances adopted by the corporate authorities of both Cities shall be adopted in such form as to conform with the provisions of this Agreement. Each City hereby agrees that it shall not act to annex or exercise any zoning authority or subdivision control authority beyond the Jurisdictional Boundary Line established in this Agreement. 5. This Agreement shall not be construed so as to limit or adversely affect the right of either municipality to file a statutory objection to proposed rezoning land use changes within one and one‐half (1 1/2) miles of its corporate limits. 6. Each City agrees that it will actively oppose any attempt to effectuate an involuntary annexation to its respective municipality which annexation would have the effect of changing the corporate jurisdictional line established under this Agreement. 7. Both municipalities shall adopt appropriate Ordinances for the protection of well sites and groundwater. Comment [BE1]: Change made per Bart’s recommendation. Revised 12.22.15 8. Nothing contained herein shall require either municipality to make improvements to Baseline Road. Each City agrees to review and consider the other cities Transportation Plan and Comprehensive Plan before making any improvements or modifications to Baseline Road. In the event that either municipality has an owner or developer along Baseline Road seeking Baseline Roadway improvements, said improvements shall be constructed by this owner or developer. A Recapture Ordinance for 50% of the cost of said roadway improvements with interest shall be enacted by the other municipality. If and when development occurs adjacent to the improved Baseline Road, then appropriate payment shall be made to the initial investor. The standard for any improvements to Baseline Road will be a thirty nine foot (39’) back of B6.12 curb to back of B6.12 curb. The structural section shall be determined by I.D.O.T. standards for an 80,000 pound truck but shall be a minimum section of: 6” bituminous concrete, 12” crushed CA6 stone, and pavement fabric, the right‐of‐way required shall be 100’ (50’ from the centerline of Baseline Road). The street shall have 5” x 5’ sidewalks on both sides with a full street lighting system to be approved by both parties and street trees. The minimum building setback shall be established at 50’ for structures and 20’ for parking lots. The access points to be mutually agreed by both communities. Each City agrees to cooperate with any third party governmental agency which is desirous of taking jurisdiction of Baseline Road, such as the State of Illinois or the County of Kane or Kendall. Each City agrees that no further expansions to or improvements of Baseline Road, west of U.S. Route 47, shall be made without consulting the other municipality concerning the nature and scope of further improvements and the financing of further improvements to Baseline Road. 9. It is agreed that neither the VILLAGE OF SUGAR GROVE nor the UNITED CITY OF YORKVILLE shall either directly or indirectly seed any modification of this Agreement through court action and that this Agreement shall remain in full force and effect until amended or changed by the mutual Agreement of both respective corporate authorities. 10. If any provision of this Agreement shall be declared invalid for any reason, such invalidation shall not affect other provisions of this Agreement which can be given effect without the invalid provision and to this end the provisions of this Agreement are to be severable. Comment [BE2]: An attempt to address Bart’s comment. In essence acknowledges that whoever has jurisdiction over Baseline has control, but requires consideration of the others plans, but is non‐binding. Revised 12.22.15 11. This Agreement shall be construed in accordance with the laws of the State of Illinois and shall be published by the respective Cities and recorded or filed with appropriate County Recorders, County Clerks and others as their interest may appear. 12. This Agreement shall be in full force and affect from and after its adoption and execution by the VILLAGE OF SUGAR GROVE and by the UNITED CITY OF YORKVILLE and shall continue in full force and affect for a period of twenty (20) years. The term of this Agreement may be extended, renewed or revised at the end of the initial term or extended terms hereof by further agreement of the municipalities. 13. Major repairs or maintenance to Baseline Road to which both municipalities are contiguous at the time of repair shall be on a 50/50% cost sharing basis. Both municipalities shall agree as to the nature and extent of the major repairs or maintenance. Additionally, local costs for signalizations on said roads shall be allocated based upon the number of intersection quadrants located in each municipality. 14. The parties deem each clause, paragraph and undertaking herein to be severable and the application of this Agreement to any individual landowners to likewise be severable. Therefore, the parties agree that in the event any clause, paragraph or undertaking is deemed invalid or unconstitutional, or in the event the application of this Agreement to any landowner is seemed invalid or unconstitutional or otherwise unenforceable, such invalidity, unconstitutionality or unenforceability shall not affect the other undertakings made herein by the parties, and the rest of the Agreement and its application to landowners shall remain in full force and effect. 15. Either party that receives a development request within ¼ mile of the established boundary contained herein shall contact the other party in writing and extend an opportunity for them to see review the plan and to offer comments. 16. Nothing herein is intended or shall be deemed to conflict with prior enacted boundary line agreements with other municipalities. To the extent that this boundary line, as drawn, is determined to be inconsistent with a prior enacted boundary line, the prior enacted boundary line shall govern (as to the portion of the boundary line that is determined to be inconsistent) only as between the Village of Sugar Grove or the United City of Yorkville and the other party to the prior enacted boundary line agreement. However, as between the parties hereto, the full length of the boundary line shall be in full force and effect. Revised 12.22.15 IN WITNESS WHEREOF THE VILLAGE OF SUGAR GROVE AND THE UNITED CITY OF YORKVILLE have caused this Jurisdictional Boundary Line Agreement to be executed by their respective Mayor and Village President and attested by their respective City and Village Clerk, pursuant to Ordinances adopted by each municipality authorizing the execution of this Jurisdictional Boundary Line Agreement. VILLAGE OF SUGAR GROVE BY:__________________________________________ VILLAGE PRESIDENT ATTEST: ________________________________________ VILLAGE CLERK UNITED CITY OF YORKVILLE BY:___________________________________________ MAYOR ATTEST: _______________________________________ CITY CLERK PUBLIC NOTICE OF A PROPOSED JURISDICTIONAL BOUNDARY LINE AGREEMENT BETWEEN THE UNITED CITY OF YORKVILLE, ILLINOIS AND THE VILLAGE OF SUGAR GROVE, ILLINOIS NOTICE IS HEREWITH GIVEN, THAT PURSUANT TO Section 11-12-9 of the Illinois Municipal Code (65 ILCS 5/11-12-9) that the Mayor and City Council (the “Corporate Authorities”) of the United City of Yorkville will hold a public hearing to consider the update and renewal of an existing expiring boundary agreement by the adoption of a new Jurisdictional Boundary Line Agreement (“Boundary Agreement”) between the United City of Yorkville and the Village of Sugar Grove. The public hearing on the proposed Boundary Agreement will be held on Tuesday, September 27, 2016 beginning at 7:00 p.m. at the Yorkville City Hall, 800 Game Farm Road, Yorkville, Illinois 60560. A copy of the proposed Boundary Agreement, including a map depicting the location of the proposed boundary line, is on file in the Office of the Yorkville City Clerk at the Yorkville City Hall and is available for review and inspection by the public during regular City Hall hours. The proposed Boundary Agreement would establish a jurisdictional boundary line in order to enable each municipality to plan the orderly growth and development of their communities by the exercise of their planning, annexation, zoning and subdivision authority on its side of the boundary line. It is anticipated that the boundary line to be established shall be substantially the same as the previously existing boundary line. All interested parties are invited to attend the public hearing and will be given an opportunity to be heard. Any written comments should be addressed to the Yorkville City Clerk, City Hall, 800 Game Farm Road, Yorkville, Illinois 60560, and will be accepted up to the date of the public hearing. By order of the Corporate Authorities of the United City of Yorkville, Kendall County, Illinois. Beth Warren City Clerk Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/gov_officials.php Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number ADM #1 Tracking Number ADM 2016-61 Purchasing Manager Intergovernmental Agreement City Council – October 11, 2016 ADM – 09/21/16 Moved forward to CC agenda ADM 2016-61 Majority Approval See attached memo. Bart Olson Administration Name Department Summary Approval of a resolution approving an intergovernmental agreement with the Village of Oswego for the sharing of a purchasing manager. Background This item was last discussed at the September Administration Committee meeting. At that meeting, the committee reviewed materials from both Yorkville staff and Oswego staff before recommending the proposal be approved and placed on the Administration Committee report at a future City Council meeting. The materials from that meeting are attached. Oswego considered this agreement at their October 4th Village Board meeting and approved it by a unanimous vote. Recommendation Staff recommends approval of a resolution approving an intergovernmental agreement with the Village of Oswego for the sharing of a purchasing manager. Memorandum To: City Council From: Bart Olson, City Administrator CC: Date: October 6, 2016 Subject: Purchasing Manager Intergovernmental Agreement Resolution No. 2016-_____ Page 1 Resolution No. 2016- _____ A RESOLUTION OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, APPROVING AN INTERGOVERNMENTAL AGREEMENT BETWEEN THE VILLAGE OF OSWEGO AND THE UNITED CITY OF YORKVILLE REGARDING JOINT EMPLOYMENT OF A PURCHASING MANAGER WHEREAS, the United City of Yorkville, Kendall County, Illinois (the “City”) is a duly organized and validly existing non home-rule municipality created in accordance with the Constitution of the State of Illinois of 1970 and the laws of this State; and, WHEREAS, the Village of Oswego, Kendall and Will Counties, Illinois (the “Village”) is duly organized and validly existing municipal corporation of the State of Illinois; and, WHEREAS, 5 ILCS 220/1 et seq. and the Constitution of the State of Illinois of 1970, Article VII, Section 10, provide that units of local government may contract or otherwise associate among themselves to obtain or share services and to exercise, combine, or transfer any power or function in any manner not prohibited by law or by ordinance and may use their credit, revenues, and other resources to pay costs related to intergovernmental activities; and, WHEREAS, the City and Village have determined that it is in the best interests of their citizens and taxpayers to enter into an agreement to share the services of a Purchasing Manager that will investigate joint purchasing opportunities to streamline and manage purchasing for both the City and Village. NOW, THEREFORE, BE IT RESOLVED, by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, as follows: Section 1. That the Intergovernmental Agreement Between the Village of Oswego and the United City of Yorkville Regarding Joint Employment of a Purchasing Manager, attached hereto and made a part hereof, is hereby approved and the Mayor and City Clerk are hereby authorized to execute and deliver said Agreement on behalf of the United City of Yorkville. Section 2. This Resolution shall be in full force and effect from and after its passage and approval as provided by law. Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this ________ day of ____________________, 2016. Resolution No. 2016-_____ Page 2 ______________________________ CITY CLERK CARLO COLOSIMO ________ KEN KOCH ________ JACKIE MILSCHEWSKI ________ LARRY KOT ________ CHRIS FUNKHOUSER ________ JOEL FRIEDERS ________ DIANE TEELING ________ SEAVER TARULIS ________ Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this ________ day of ____________________, 2016. ______________________________ MAYOR Attest: ___________________________________ City Clerk Page 1 of 6 INTERGOVERNMENTAL AGREEMENT BETWEEN THE VILLAGE OF OSWEGO AND THE UNITED CITY OF YORKVILLE REGARDING JOINT EMPLOYMENT OF A PURCHASING MANAGER This Agreement is entered into this ____ day of _______, 2016, by and between Village of Oswego (“OSWEGO”) and the United City of Yorkville (“Yorkville”), collectively referred to as the “parties.” WHEREAS, OSWEGO is a home rule unit of local government organized and existing under the laws of the State of Illinois; and, WHEREAS, Yorkville is a non-home rule unit of local government organized and existing under the laws of the State of Illinois; and, WHEREAS, in addition to other powers possessed by the parties, this Agreement is entered into pursuant to Article VII of the Illinois Constitution and pursuant to the Illinois Intergovernmental Cooperation Act, 5 ILCS 220/3, et. seq. WHEREAS, the parties wish to share the services of a Purchasing Manager who will investigate joint purchasing opportunities to streamline and manage purchasing for both communities; and, WHEREAS, a employing a professional Purchasing Manager is intended to result in cost savings that exceed the cost of the Purchasing Manager; and, WHEREAS, OSWEGO agrees to employ the Purchasing Manager Yorkville will share fifty percent (50%) of all costs associated with the employment of Purchasing Manager. NOW, THEREFORE, in consideration of the foregoing and of the mutual promises and obligations expressed herein and other good and valuable consideration, the sufficiency, adequacy and receipt of which are hereby acknowledged, IT IS HEREBY AGREED by the parties as follows: 1. RECITALS The parties acknowledge that the statements and representations made in the foregoing recitals are true and correct, and are hereby incorporated into this Agreement as if fully set forth in this Section 1. Employment The payment of wages to the employee and the accounting of liability and payment for all employment related taxes, insurance costs and benefit costs shall be the responsibility of OSWEGO. Joint Hiring of Individual The parties agree to jointly hire a Purchasing Manager through normal job posting avenues to be decided by the Oswego Administrator. OSWEGO will draft an advertisement and post the position. The Oswego Page 2 of 6 Administrator and the Yorkville Administrator, or their designee, will jointly select potential candidates and both parties will be present for any interviews with prospective employees. The decision to select a prospective employee will be jointly made by the Oswego Administrator and Yorkville Administrator, or their designee. Cost Sharing OSWEGO and YORKVILLE agree to share evenly (fifty percent to each) all costs related to the wages, costs, and benefits for the employee. Costs shared shall include the hourly pay, reimbursements, payroll taxes, workers compensation insurance, the cost of payroll services, insurance and benefits including, health, life, dental and retirement benefits. OSWEGO shall perform or cause to be performed, as part of OSWEGO’s role as employer, all federal, state and local employment withholding and tax reporting obligations. OSWEGO shall also provide payroll service to the employee and cover the employee under a workers compensation insurance policy that meets all applicable laws and statutes and is issued by an Illinois licensed insurer. Said costs shall be paid in full by OSWEGO and upon receipt of proper documentation, reimbursed at fifty percent by YORKVILLE to OSWEGO as invoiced by OSWEGO. OSWEGO will provide for all typical offices supplies, specialized supplies, equipment and technology purchased for the purpose of managing purchasing process as agreed by OSWEGO and YORKVILLE and shared evenly. Costs incurred to provide services for either municipality and without the agreement of the other municipality shall be fully paid for by the municipality receiving the services. The rate of pay and budget for professional development training, memberships and resources will be agreed to between the Village Administrators or designees of OSWEGO and YORKVILLE. The employee shall be employed in accordance with the OSWEGO Personnel Policies Manual and other policies applicable to similarly situated employees in OSWEGO. The Purchasing Manager shall have no entitlement to compensation or benefits applicable to employees of YORKVILLE and shall not be subject to YORKVILLE’s personnel policies and practices. Additional costs not specifically outlined in this agreement will be discussed and agreed to between the Village Administrators or their designees. If the required reimbursement payments are not made for any month due, Oswego will give notice to Yorkville and provide 30 days to cure. If the payment is not made within the time frame, the intergovernmental agreement is terminated. If Oswego elects to retain the employee, Yorkville will owe six months of pay. If Oswego elects to terminate the employee due to Yorkville’s failure to pay, Yorkville will owe all unemployment costs. If the employee is terminated due to the dissolution of this agreement, the cost of unemployment insurance shall be divided. Assignment of Duties The duties of the employee shall be as provided in the job description (attached hereto and incorporated herein). The parties may modify the job description at any time by joint agreement. The assignment of the employee and the hours and working conditions for the employee shall be as agreed to by the Administrators or their designees, and generally in accordance with the job description attached. In the event of conflicting priorities, the Purchasing Manager shall identify priority projects and Page 3 of 6 submit to the Village Administrators or their designees to review. The Administrators or designees shall reach an agreement on the employees priorities based. The employee shall track hours worked by project and community on a weekly basis and remit to the Administrators or their desginees. All Personnel rules of OSWEGO that are applicable to the employee shall continue to apply to the employee when the employee is assigned to perform services for Yorkville pursuant to the intergovernmental agreement. Discipline and/or Termination of Employment Discipline and termination of the employee shall be in accordance with the OSWEGO Personnel Policies Manual. The YORKVILLE Administrator shall have the authority to recommend discipline up to and including termination to the OSWEGO Administrator who shall have the final authority to impose discipline. Indemnify and Hold Harmless A. Any actions or duties taken, performed or omitted by the Purchasing Manager on behalf of or with respect to a Municipality shall not create liability to the other Municipality. Nevertheless, in the event that a Municipality is made a defendant in a lawsuit (hereinafter, the “Defendant Municipality”) as a result of actions or duties taken, performed or omitted by the Purchasing Manager while assigned to a particular municipality(hereinafter the “Indemnifying Municipality”), the Indemnifying Municipality shall indemnify the Defendant Municipality, as follows. Each Municipality hereby indemnifies and holds harmless the other Municipality against and from any liability, claim, cost, or expenses (including without limitation court costs and attorneys fees) resulting from, relating or with respect to, actions or duties taken, performed or omitted by the Purchasing Manager acting as such on behalf of or with respect to the Indemnifying Municipality. B. Any Workers’ Compensation Claim made by the Purchasing Manager shall be paid under OSWEGO’s Workers’ Compensation Policy. If a significant claim is incurred, Yorkville shall share in a portion of the resulting premium increase for a term of five years. C. For any claims made by the Purchasing Manager with respect to his/her employment, based on decisions implemented by OSWEGO following consultation with YORKVILLE, the liability, if any, for such claims shall be shared by the Municipality on the following basis: OSWEGO 50% and YORKVILLE 50%. A settlement offered for a claim with shared liability shall be agreed to by both Municipalities. The Municipality incurring such liability shall promptly issue an invoice to the other Municipality itemizing the payments to be reimbursed. The other Municipality shall pay the amount invoiced within sixty (60) days after receipt of the invoice. If any Municipality should learn or become aware of any claim or possible claim it shall notify the other Municipality immediately. Page 4 of 6 For all other claims made by the Purchasing Manager with respect to his/her employment based on the acts or omissions of a Municipality, such claims shall not create liability to the other Municipality. Each Municipality hereby indemnifies and holds harmless the other Municipality against and from any liability, claim, cost, or expenses (including without limitation court costs and attorney’s fees) resulting from, relating or with respect to, actions taken or omissions of the Indemnifying Municipality. Term of Agreement (A) The term of this intergovernmental agreement shall begin with the execution of this Agreement by both parties and shall remain in force and effect until December 31, 2021, unless terminated by either OSWEGO or YORKVILLE. Notice of intent to cancel this agreement by either party shall be served in writing at least six (6) months prior to the date of cancellation. (B) This Agreement may also be terminated immediately if one party commits any material breach or material default in the performance of any obligation under this agreement (other than the payment of money).” Amendment Any terms or conditions of this Agreement may be deleted or altered only by written amendment or modification to this Agreement, duly executed by each Municipality. Severability If any provision of this Agreement shall be held or deemed to be, or shall in fact be inoperative or unenforceable in any particular case or in all cases for any reason, this shall not render the provision in question inoperative or unenforceable in any other case or circumstances, or render any other provisions herein contained invalid, inoperative, or unenforceable to any extent whatever. The invalidity of any one or more phrases, sentences, clauses or sections contained in the Agreement shall not affect the remaining portions of the Agreement or any part thereof. Assignment/Binding Effect Neither party may assign its respective rights and duties hereunder except upon prior written consent of the other party. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective assigns, legal representatives and successors in interest. Post Termination Upon termination of this Agreement, OSWEGO must promptly deliver all final statements of YORKVILLE’S allocated share of the personnel costs incurred through the date of termination for reimbursement as stated above. Provided, however, that monetary obligations that are incurred or accrued prior to the date of termination shall survive the termination of the Agreement and shall constitute continuing obligations until satisfied in full. Notices Notices to the parties shall be in writing and delivered by personal service or by the U.S.P.S. certified or registered mail, postage prepaid, to the parties at the following addresses: Page 5 of 6 If to the Village: Village Administrator Village of Oswego 100 Parkers Mill Oswego, Illinois 60543 With a copy to: David Silverman Mahoney, Silverman and Cross 822 Infantry Drive, Suite 100 Joliet, Illinois 60435 If to the City: City Administrator United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 With a copy to : Kathleen Field Orr Kathleen Field Orr & Associates 53 West Jackson Blvd., Suite 964 Chicago, Illinois 60604 Either party may change the address for notices to such party by giving written notice to the other party. Notice given by personal service shall be effective upon the dated delivered notice, if delivered or the date of attempted delivery, if refused. Notice given by mail shall be effective on the third business day following the posting. Entire Agreement This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and all prior or contemporaneous agreements, understandings, representations and statements, oral or written, and merged herein. This Agreement may be modified only by written instrument executed by the parties. Page 6 of 6 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers on the above date at Yorkville, Illinois. Village of Oswego, Kendall and Will Counties, Illinois, a municipal corporation By: ___________________________________ Village President Attest: _____________________________ Village Clerk United City of Yorkville, Kendall County, Illinois, a municipal corporation By: __________________________________ Mayor Attest: _______________________________ City Clerk Summary Review of a proposal to share a purchasing manager with Oswego. Background One of the discussion points coming out of the CMAP Shared Services Study with Oswego and Montgomery was the hiring of a purchasing manager. The idea is that both communities could benefit from the expertise of an individual in the purchasing field, both by shifting technical work to a lower compensated employee and by achieving direct cost savings through the tightening of purchasing practices, but neither community could justify a full-time employee. With this idea preliminarily discussed in the Shared Services Study, both Oswego and Yorkville put funds into their FY 17 budgets to discuss this idea. While Yorkville has since reallocated those funds to an interim Assistant City Administrator, the timeline for the purchasing manager is still months out and requires some due diligence by both communities. A draft intergovernmental agreement and job description is attached. The intergovernmental agreement is set up in the following concept – the purchasing manager will be Oswego’s employee, with Yorkville paying half of the cost of the employee. The benefits, personnel policies, and management of the employee will fall to Oswego on a day-to-day basis, and the employee will be housed at Oswego Village Hall. Yorkville will receive an equal vote on the selection of the candidate and will receive authority to make recommendations for discipline and termination. Work projects will be managed through a joint relationship between the Yorkville Administrator and the Oswego Administrator. The employee will have considerable professional autonomy and an expectation to apply any benefits to both communities equally. Frequent reports will have to be given to each community to ensure that both sides are receiving an equal benefit. Both sides are asking for a five-year term and commitment on the agreement, for purposes of attracting a candidate. Practically, the agreement can be terminated by either party with 6-months notice, or immediately with the concurrence of both parties. On a day-to-day basis, we expect the purchasing manager to take over all aspects of purchasing and bidding. The individual should be reviewing needs of each department, drafting the RFP and coordinating the bidding process, reviewing existing purchase orders and specs for better or cheaper options, standardizing supply purchases between departments in the same municipality, maintaining all records on purchasing processes, and controlling disposal of surplus property. Yorkville staff have already compiled a list of specific items that the individual would work on, including: 1) RFPs a. well rehabilitation professional services agreements b. audit c. copiers Memorandum To: City Council From: Bart Olson, City Administrator CC: Date: September 13, 2016 Subject: Purchasing Manager Intergovernmental Agreement d. solid waste collection (currently being done by Assistant City Administrator) e. vehicle purchases, subject to budget f. banking g. financial software h. cell phone services i. collections contract 2) Non-rfp projects a. managed print services (utility bills, newsletters, parks and recreation catalog) b. credit card processing c. Plotter purchase d. GIS software e. Employee uniforms for Public Works and Community Development While it is difficult to quantify the exact cost savings to each municipality because neither community has employed a purchasing manager in the past, we have spoken with people from the industry who have said that the economies achieved with the position are easy to document for someone in the position. Additionally, Dan DiSanto has worked in two larger organizations which each had multiple people assigned to this function and he has spoken of its effectiveness in past shared services meetings. I would expect that a large part of the regular reports we receive from the individual hired for this position would be geared towards convincing each municipality that there is a justification for continuing to fund the position in the long-term. Process Both communities are reviewing the job description and intergovernmental agreement at a committee in September. I would anticipate both communities to spend at least 60 days reviewing and considering the position, which puts us into November for board level consideration of the project. If the agreement gets approved by both boards by November, we’re looking at a job posting in November/December, a formal job search with interviews in December/January and a start date in February or March. This is good timing with the FY 18 budget proposal and would have little impact on the FY 17 budget. Recommendation Staff recommends approval of the intergovernmental agreement with Oswego for a purchasing manager. Administration Purchasing Manager FSLA Non-Exempt 2016 1 Position Title: Purchasing Manager Reports to: Village Administrator of Oswego and Yorkville or designee FLSA Status: Non-Exempt Status: Regular Full-Time Grade: VIII Hours of Work: Primarily regular dayshift office hours, with evening hours as needed. Statement of Duties Position performs duties related to the procurement of goods and services for the Village of Oswego and the United City of Yorkville in a collaborative arrangement. Such procurement is conducted in accordance with established legal requirements and in accordance with purchasing policies in each municipality. Position identifies shared purchasing opportunities, as well as managing purchases for individual departments in each municipality. Work includes overseeing competitive purchasing processes, drafting and reviewing purchasing documents, overseeing bidding, identifying commodity sources, and ensuring invoices reflect products delivered. Supervision Works under the direction of an intergovernmental agreement between the Village of Oswego and United City of Yorkville under the direction of the respective Village Administrators. Position works in accordance with the applicable statutes of the State of Illinois and local municipal ordinances. Employee functions independently, referring specific problems to the supervisor only where clarification or interpretation of Village policy or procedure is required. Performs highly responsible functions of a complex and technical nature requiring the frequent exercise of judgment and initiative to ensure that documents accurately reflect purchasing needs, purchases are made in accordance with State and local laws and to accepted professional standards; employee works independently within established policies and procedures. POSITION DESCRIPTION Administration Purchasing Manager FSLA Non-Exempt 2016 2 Job Environment Work is performed under typical office conditions. Employee operates computer and general office equipment, such as calculator, copier, and facsimile machine. Work requires frequent contact with all village departments and private organizations, requiring administrative and technical knowledge, and ability to promote and protect the Village’s best interests. Employee has frequent contact with co-workers and occasional contact with the public; contacts may require considerable skill in negotiation, resourcefulness and discretion in influencing decisions and behavior of others. Employee has access to confidential information, such as law suits, criminal investigations and records, personnel records, and client records. Position Functions The essential functions or duties listed below are intended only as illustration of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related, or a logical assignment to, or extension of the position. Essential Functions 1. Advises and consults with user departments regarding purchasing procedures and legal requirements of formal and informal purchases. 2. Assists user departments in preparing bid specifications. Develops the bid package and legal notice of the bid for publication. Administers bid process including advertising, copying and distribution, prequalification, etc. Present at pre-bid meeting and bid openings. 3. Consolidates purchases of similar items among departments and between municipalities to negotiate best prices and delivery. Standardizes supplies and equipment that are purchased by all departments. Assists departments in maintaining supply inventories. 4. Seeks opportunities for service sharing, joint contracting or other innovative approaches to service deliver that promote the efficiency and cost-effectiveness of municipal operations. 5. Analyzes and process requisitions from all departments ensuring compliance with budget, Village procedures and state statutes. Administration Purchasing Manager FSLA Non-Exempt 2016 3 6. Analyzes market trend, changes in business practices and product availability in an effort to locate and promote new supply sources and keep abreast of innovative products. 7. Upon the award of a contract or bid by the Village Board, prepares the purchase order and appropriate correspondence. Ensure certificates of insurance, bonds, etc. are obtained and meet Village requirements. 8. Maintains bid library including vendor list, bid tabulations specifications, awards and historical bid problems. Maintains catalog library and product information files. 9. Arranges for disposal of all surplus property and equipment through sale by bid, public auction or redistribution. 10. Performs other duties as required. Recommended Minimum Qualifications Physical and Mental Requirements Minimal physical effort required to perform functions under typical office conditions. Employee is required to stand, walk, sit, talk, listen, and use hands while performing duties. Requires ability to concentrate on detailed work for periods of time. Occasionally, employee may be required to lift objects up to 10 lbs., and seldom lifts up to 30 lbs. Education and Experience Bachelor’s degree in finance, business administration or a closely related field. Three to five years of professional experience in the purchasing, or an equivalent combination of education and experience. Valid driver’s license required. Knowledge, Skills and Abilities A candidate for this position should have knowledge of:  Knowledge of purchasing principles, procedures, pricing methods, product quality and analysis.  Knowledge of laws, statutes and federal regulations as they relate to purchasing.  Business English, spelling and arithmetic Skill in:  Negotiation and specification writing.  Analyzing and evaluating bids and specifications. Administration Purchasing Manager FSLA Non-Exempt 2016 4  Working with people including persuasive communication and interpersonal skills as it applies to vendors, municipal staff and the general public.  Grammar and business writing/correspondence  Planning and prioritizing work And ability to:  Use plan, organize and coordinate work practices relating to purchasing and other finically related activities.  Work independently and efficiently  Keep information and records organized and to pay attention to detail  Manage multiple tasks in a detailed, efficient manner Purchasing Manager Projects Proposed initial projects for joint Purchasing Manager Drafted August 2016 Oswego Performance contracting Insurance/Workers Compensation RFP/Bidding process review and management Review and update documents Review and update tab templates Review and update notice to bidder templates Review and update how bids are presented on website Develop/update written procedure manual for purchases (put online) Track data for analysis Energy consumption Consumables Incorporate data tracking into ERP system Audit Energy Streetlight Tracking Maintain a list of all professional service contracts Track documentation Contract term Bonds Insurance Renewal provisions Develop bidding schedule Purchases: Squad purchase Vehicle maintenance contract Gasoline Ammunition Building maintenance – biddable projects Office supplies Computer purchase/lease Copier lease Phone service (cell/land) Cleaning IT Cleaning supplies Seal coat Generator service Rental unit storage Traffic signal maintenance Pavement markings Police Headquarters projects Building alarm monitoring and repair HVAC Maintenance Landscape/lawn maintenance Snow removal Window cleaning Carpet cleaning Security gate/fence maintenance Yorkville Well rehabilitation professional service agreement vs. bid Coordination of office supply and operations purchases Review of current procurement practices Audit RFP Copier RFP Garbage RFP Vehicle purchase RFP Banking RFP Managed print services, analysis Credit card processing, analysis Financial software RFQ/RFP Cell phone RFP Collections RFP Plotter purchase GIS Software Employee uniforms Shared Service Inventory available equipment, identify sharing opportunities Align contracts for joint bidding/procurement 100 Parkers Mill • Oswego, IL 60543 • (630) 554‐3618 Website: www.oswegoil.org AGENDA ITEM MEETING TYPE: Committee of the Whole MEETING DATE: September 20, 2016 SUBJECT: Purchasing Manager ACTION REQUESTED: Discussion of an intergovernmental agreement for a shared employee (Purchasing Manager) BOARD/COMMISSION REVIEW: N/A ACTION PREVIOUSLY TAKEN: Date of Action Meeting Type Action Taken NA NA NA DEPARTMENT: Administration SUBMITTED BY: Christina Burns, Assistant Village Administrator FISCAL IMPACT: The FY2017 Budget includes six months of funds for a Purchasing Manager BACKGROUND: Since the adoption of the Lower Fox River Partnering Initiative in 2015, the Village of Oswego has continued to work with the United City of Yorkville and Village of Montgomery to put shared service programs into place. Early discussion identified a joint purchasing manager as a way to streamline procurement, look for shared service opportunities and ensure the municipalities are receiving goods and services at the best price. DISCUSSION: The United City of Yorkville and Village of Oswego each budgeted for a partial year salary for the procurement manager. The Village of Montgomery is not participating at this time. A proposed job description for the position is attached. The proposed intergovernmental agreement sets the terms for the hiring, employment, compensation and termination of a shared employee. The Purchasing Manager would be an employee of the Village of Oswego, covered by the Village's personnel policies, workers compensation insurance and receive the same customary Purchasing Manager 9/20/2016 2 | Page benefits as other Village employees. Yorkville's Village Administrator would have a say in the hiring of the employee as well as input for performance evaluation. The total cost of the employee would be split between the two municipalities, with Oswego invoicing Yorkville. The agreement term is proposed to run through December 31, 2021, though the agreement may be terminated with appropriate notice. The other municipality would have the option to jointly employee the Purchasing Manager, or terminate and share the cost of workers' compensation. Staff from both municipalities have identified a list of projects ready for the procurement manager. The project range from reviewing bid documents and contracts to comparing alternative liability insurance programs. Currently, purchasing responsibilities fall to Department Heads and operational staff. A full list of proposed projects is attached. We anticipate this position to focus on processes early on, and then regularly review upcoming purchases to identify opportunities for savings. Staff believes the position would pay for itself in cost savings, identifying shared service opportunities and streamlining purchasing processes. Based on our review of salaries, the Purchasing Manager is proposed to fall in Grade IX, or $63,966 to $91,381. The position would be an exempt position. Staff anticipates hiring the purchasing manager this winter. RECOMMENDATION: Staff recommends review and discussion of the Purchasing Manager position and proposed intergovernmental agreement. ATTACHMENTS:  Draft Intergovernmental Agreement Between the Village of Oswego and the United City of Yorkville Regarding Joint Employment of a Purchasing Manager  Purchasing Manager Job Description  Purchasing Manager Project List Have a question or comment about this agenda item? Call us Monday-Friday, 8:00am to 4:30pm at 630-553-4350, email us at agendas@yorkville.il.us, post at www.facebook.com/CityofYorkville, tweet us at @CityofYorkville, and/or contact any of your elected officials at http://www.yorkville.il.us/320/City-Council Agenda Item Summary Memo Title: Meeting and Date: Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Agenda Item Notes: Reviewed By: Legal Finance Engineer City Administrator Human Resources Community Development Police Public Works Parks and Recreation Agenda Item Number ADM #2 Tracking Number ADM 2016-51 Special Census Update- Revised Cost Estimate City Council – October 11, 2016 ADM – 9/21/16 Moved forward to CC agenda ADM 2016-51 Majority Approval See attached memo. Nicole Kathman Administration Name Department Summary Revised Partial Special Census cost estimate results and staff’s recommendation on moving forward with completion of it. Background In August City staff submitted a cost estimate for a partial special census. As you may recall, we decided to pursue this as an option because we have over 400 new residential permits since 2011 and officially documenting this increase in population will increase our share of Illinois income tax, use tax, and motor fuel tax. At the September Administration Committee meeting, staff presented the results of the cost estimate. It was noted at this time that adjustments needed to be made to the selected land areas. Since that meeting the Census Bureau has provided us with a new cost estimate to reflect the requested changes. Cost Estimate and Projected Additional Revenue The U.S. Census Bureau has provided a revised cost estimate, valid through March 28, 2017 of $134,557. Of this total, 108,093 is paid directly to the Census Bureau in advance and $26,464 is held by the City to pay personnel. The amount has increased from a total of $120,206 due to adding additional land area and a higher estimated population. The City is responsible for recruitment and providing fully operational office quarters; however, the Census Bureau will conduct background checks and make final hiring decisions. The areas we identified to have included have a total estimated population of 3,690. Of the total estimated population, we anticipate approximately 1,280 new residents. Keep in mind this number is estimated as of the middle of June. With the BUILD program and single family detached permits continuously being issued, this number has more than likely already increased and we expect it to continue. Currently, we receive approximately $150 per year per resident in tax disbursements for income tax, use tax, and motor fuel tax according to Fiscal Year 2016 end projections. If disbursements are received as projected in future years, the gains will come out as shown on the next page. Please note the figures assume payments reflective of the new partial census population being received starting in November 2017 as indicated on the approximate timeline in the next section. 2020 Census results will be published in 2021, which is why the payments with the special census population continue until December 2020. Memorandum To: City Council From: Nicole Kathman, Administrative Intern CC: Bart Olson, City Administrator Date: October 5, 2016 Subject: Partial Special CensusUpdate-Revised Cost Estimate Tax Distributions Months Type of Tax Per Capita Current Projection Projection with Partial Special Census Increase in Revenue November 2017 – April 2018 (6 months of FY 2018) Income Tax $52.02 $880,230.42 $946,816.02 $66,585.60 Use Tax $11.99 $202,882.79 $218,229.99 $15,347.20 Motor Fuel Tax $12.56 $212,527.76 $228,604.56 $16,076.80 Total $76.57 $1,295,640.97 $1,393,650.57 $98,009.60 May 2018 – April 2019 Income Tax $106.12 1,795,656.52 $1,931,490.12 $135,833.60 Use Tax $24.45 413,718.45 $445,014.45 $31,296.00 Motor Fuel Tax $25.12 425,055.52 $457,209.12 $32,153.60 Total $155.69 $2,634,430.49 $2,833,713.69 $199,283.20 May 2019 – April 2020 Income Tax $108.24 $1,831,529.04$1,970,076.24 $138,547.20 Use Tax $24.94 $422,009.74 $453,932.94 $31,923.20 Motor Fuel Tax $25.12 $425,055.52 $457,209.12 $32,153.60 Total $158.30 $2,678,594.30 $2,881,218.30 $202,624.00 May 2020 – December 2020 (8 months of FY 2021) Income Tax $73.61 $1,245,554.81$1,339,775.61 $94,220.80 Use Tax $16.96 $286,980.16 $308,688.96 $21,708.80 Motor Fuel Tax $16.74 $283,257.54 $304,684.74 $21,427.20 Total $107.31 $1,815,792.51 $1,953,149.31 $137,356.80 November 2017 – December 2020 Income Tax Total $339.99 $5,752,970.79$6,188,157.99 $435,187.20 Use Tax Total $78.34 $1,325,591.14$1,425,866.34 $100,275.20 Motor Fuel Tax Total $79.54 $1,345,896.34$1,447,707.54 $101,811.20 Grand Total $497.87 $8,424,458.27 $9,061,731.87 $637,273.60 Approximate Timeline  City Council Approval: October 11, 2016 o Seek authorization to execute Memorandum of Agreement with the U.S. Census Bureau at October 11 City Council Meeting  Census Bureau Count and Verification: November 2016 – August 2017 o Preparatory work – 5 months o Enumeration – 1 month o Data processing – 3 months  State of Illinois Review & Allocation: September – November 2017 o Illinois Secretary of State, Index Department Certification- September 1, 2017  Upon receipt of Census statistics, the Secretary of State Index Department certifies results in 1-2 weeks. o Illinois Department of Revenue, Local Tax Allocation Division: September/October 2017  If the certification is received by the 15th of September, payments are processed for the following month. Otherwise, payment is delayed 1 month.  Receive First Payment (reflecting estimated population increase): November 2017 Included Attachments for Reference  Original Submitted Cost Estimate Request Form  New Letter Received from the U.S. Census Bureau  New Memorandum of Agreement Recommendation Staff recommends that we move forward with the Partial Special Census. We anticipate additional revenues of approximately $637,200 that would not otherwise be realized. With the cost estimate of $134,557, it results in a net gain of nearly $502,700 In order to stay to the proposed timeline, the Memorandum of Agreement with the Census Bureau should be approved at the October 11 City Council Meeting. FORM SC-900 (11-6-2012) SPECIAL CENSUS COST ESTIMATE REQUEST FORM U.S. DEPARTMENT OF COMMERCE Economics and Statistics Administration U.S. CENSUS BUREAU GENERAL INSTRUCTIONS A Special Census is a basic enumeration of population, housing units, and group quarters conducted by the U.S. Census Bureau at the request of a governmental unit. Special Censuses are conducted on a cost reimbursable basis. The first step for a governmental unit interested in having a Special Census conducted is to request an official cost estimate from the Census Bureau. To request a cost estimate, the governmental unit should email the following items to SpecialCensusProgram@census.gov: 1.An official letter from your jurisdiction requesting a Special Census cost estimate. a.The letter should indicate if you are requesting a cost estimate for a full or partial Special Census. A full Special Census covers the entire governmental unit; a partial Special Census covers only selected and specific areas within the governmental unit. b.This letter should be signed by the Highest Elected Official or designee. 2.A completed SC-900 "Special Census Cost Estimate Request Form." a.The fillable SC-900 should be submitted electronically. b.The SC-900 must be filled out completely, including your estimated population and housing unit counts. 3.Remit a credit card payment of $200 for the cost estimate through Pay.gov. a.The U.S. Census Bureau is requesting all customers submit payments for reimbursable work through electronic fund transfer (EFT). b.To submit payment for the Special Census Cost Estimate using a credit card through EFT, follow the procedures outlined below. (1)Go to www.pay.gov (2)Type "903" in the "Search Public Forms" box on left of the form and click the grey "Go" box. (3)This will bring up the Special Census Cost Estimate Public Form. Click this form. (4)Fill in all fields with an asterisk (*) below the grey shaded areas. Complete the "Bill To " information on the left-hand side of the form. If your shipping address is the same as your "Bill To " address, please mark (X) the box in the "Ship To " area on the right of the form. If "Bill To" address and "Ship To" address are different, complete all asterisk information in the "Ship To" area. (5)Click "Submit Data " button. The "Enter Payment Information " screen will appear. Enter the credit card and billing information. Once complete, click the "Continue with Plastic Card Payment " button. (6)Verify that the Address , Account , and Payment Information are correct on the Authorize Payment screen. If incorrect, click "Edit this Information." Otherwise continue to the Email Confirmation Receipt area of the screen. In the Email Address: field, enter the email address to which the confirmation email must be sent. In the Confirm Email Address: field, re-enter the email address previously entered. To send the Email Confirmation Receipt to additional email addresses, enter the email addresses in the cc: field, separated by a comma. Then click the box after the statement, "I authorize a charge to my card account for the above amount in accordance with my card issuer agreement ." Click the "Submit Payment " button. A Payment Confirmation screen will appear, please print and retain for your records. Note:Please email or call the Special Census Program at (301) 763–1429 if your governmental unit is unable to make a payment through Pay.gov or unable to fill out the SC-900 form electronically. Your request for a cost estimate will not be considered until all three items (official letter, completed SC-900, and payment) are received by the Census Bureau. Once all required items are received, the Special Census Program will notify you of receipt. FORM SC-900 (11-6-2012)Page 3 SPECIAL CENSUS COST ESTIMATE REQUEST FORM The information you provide on this form SC-900, will be used to help the Census Bureau determine estimated costs for conducting a Special Census in your jurisdiction. Please provide as much detail as requested. Attach additional pages as necessary. Approximately 30 days after all materials are received, you will be sent a Special Census Cost Estimate, along with a Memorandum of Agreement for your consideration. The Special Census Program office will contact you if more information is needed during the cost estimate phase. I.JURISDICTION CONTACT INFORMATION A. Governmental Unit Name B. Governmental Unit Address–Please include both the mailing address (example, PO Box) and the location address, if they are different. 1.Mailing Address–Number and street City State ZIP Code Mark (X) this box if both the mailing address and location address are the same , then SKIP to item C. Otherwise, continue with item 2 below. 2.Location Address–Number and street City State ZIP Code C.Does this Governmental Unit have a website?Yes–Provide Governmental Unit URL No D.Contact Person(s) PRIMARY 1.Name 2.Title 3.Telephone 4.FAX Number 5.E-mail address ALTERNATE 1.Name 2.Title 3.Telephone 4.FAX Number 5.E-mail address E. Do you have a specific time frame in which you would like to conduct a Special Census?Yes–Specify time periods (MM/DD/YYYY) Between and No 1 2 1 2 Page 4 FORM SC-900 (11-6-2012) II.CHARACTERISTICS OF THE AREA(S) IN WHICH SPECIAL CENSUS IS TO BE CONDUCTED A. Will this Special Census include the entire governmental unit or only specific areas within the governmental unit? (A Special Census of only specific areas within a governmental unit is referred to as a partial Special Census.) Special Census will include: Entire Governmental Unit–SKIP to item C1 Only specific areas within Governmental Unit– Continue with item B1 Don’t know–SKIP to item C1 B1.If you are interested in a partial Special Census, are the areas to be included in the Special Census contiguous to one another? Yes No 2.Please identify and list to the right the specific census tracts/blocks to be included in the Special Census. Please use Census 2010 tabulation geography. Attach additional sheets, if needed. For example:TRACT TR2001.01 TR0003.00 BLOCK BL1003 BL2026 CENSUS TRACT #CENSUS BLOCK # ASSISTANCE:For assistance with identifying tract/block numbers or with using the census maps or TIGER shapefiles, please see our website http://www.census.gov/geo/www/maps/CP_ MapProducts.htm or contact your servicing Regional Office shown on page 2 of the worksheet. 1 2 3 1 2 TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL TR BL FORM SC-900 (11-6-2012)Page 5 II.CHARACTERISTICS OF THE AREA(S) IN WHICH SPECIAL CENSUS IS TO BE CONDUCTED–Continued C1. Using the Census definition shown below, do any of the areas to be included in the Special Census contain GROUP QUARTERS ? Yes–Complete item C2 No . . . . . . Don’t Know SKIP to item D1 Group quarters include such places as college residence halls, residential treatment centers, skilled nursing facilities, group homes, military barracks, correctional facilities, and workers’ dormitories. C2. For each type of Group Quarters listed in a through g, indicate whether the area to be included in the Special Census contains this type of Group Quarter. For "Yes" responses–Enter the number of each type of group quarters and the estimated combined population of that type of group quarters. For example:There is a college with 4 dormitories and each dormitory houses 200 students– TYPE Total No.Estimated Population 1.College Residence Halls . . . . . . . . . . . . . . . . . Yes 4 800 No 2.Residential Treatment Center . . . . . . . . . . . . . Yes No TYPE Total No.Estimated Population a.College Residence Halls . . . . . . . . . . . . . . . . . . . . . Yes No b.Residential Treatment Centers . . . . . . . . . . . . . . . . Yes No c.Skilled Nursing Facilities . . . . . . . . . . . . . . . . . . . . . . (NOTE:Assisted living quarters are counted as individual housing units, not as part of a group quarters.) Yes No d.Group Homes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No e.Military Barracks . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No f.Correctional Facilities . . . . . . . . . . . . . . . . . . . . . . . Yes No g.Workers’ Dormitories . . . . . . . . . . . . . . . . . . . . . . . . Yes No NOTES–Please use this space for any explanation that may be essential in understanding your reported data. 1 1 1 1 1 }2 3 7 2 1 72 1 2 1 2 1 2 2 1 2 2 2 Page 6 FORM SC-900 (11-6-2012) II.CHARACTERISTICS OF THE AREA(S) IN WHICH SPECIAL CENSUS IS TO BE CONDUCTED–Continued D1. Using the Census definition shown below, do any of the areas to be included in this Special Census contain TRANSITORY LOCATIONS where people stay that have no usual home elsewhere? Yes–Complete item D2 No–SKIP to Section III Transitory locations are those places where people often live or stay temporarily in between moving from place to place. Examples of these types of locations, where people who have no usual home elsewhere live, include Recreational Vehicle (RV) parks, campgrounds, hotels, motels, marinas, racetracks, circuses, fairs, and carnivals. NOTE:Only include the transitory locations where you believe the people staying there have no other usual home elsewhere. For example, do not include hotels/motels, unless they specifically house people with no usual home elsewhere. D2. For each type of Transitory Location listed, indicate whether the area to be included in the Special Census contains this type of Transitory Location. For "Yes" responses–Enter the totalnumber of locations, the total number of units combined for all locations, and the estimated population at the time of the Special Census enumeration. TYPE Total No. of Locations Total No. of Units Combined for all Locations Estimated Population a.Recreational Vehicle Park . . . . . . . . . . . . . . . . . . . . Yes No b.Campgrounds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No c.Hotels/Motels . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No d.Marinas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No e.Racetracks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No f.Circuses/Fairs/Carnivals . . . . . . . . . . . . . . . . . . . . . Yes No III.ESTIMATED POPULATION AND HOUSING UNIT COUNTS FOR AREAS IN WHICH SPECIAL CENSUS WILL BE CONDUCTED A. What is the estimated housing unit count for the areas to be included in this Special Census? Enter housing unit count estimate As of– Month Year B1 What is the estimated population count for persons living in housing units in the areas to be included in this Special Census? NOTE:The 2010 Census population per household for your jurisdiction may be useful in your estimation of the population associated with new housing units. Enter population count estimate As of– Month Year 2. What is the total estimated population of persons living in group quarters in the areas to be included in this Special Census? Include in this population estimate any and all of the group quarters population that were specified in Section II, item C2. Enter population count estimate As of– Month Year 3. What is the total estimated population of persons living in transitory locations in the areas to be included in this Special Census? Include in this population estimate any and all of the transitory locations populations that were specified in Section II, item D2. Enter population count estimate As of– Month Year 1 2 1 2 1 2 1 2 1 2 1 2 1 2 FORM SC-900 (11-6-2012)Page 7 IV.DATA USED TO DETERMINE POPULATION AND HOUSING ESTIMATES A. Which of the following types of data were used to determine the housing unit and population estimates provided in Section III ? Please specify yes or no for each listed type of data. If you answer "Yes" to any listed type of data, please enter the value of the actual or estimated increase that was used in determining your population and/or housing unit estimates in Section III. Please enter only the value of the increase . B. TYPE 1.Increased school enrollment . . . . . . . . . . . . . . . . . . Yes–Enter estimated or actual increase No 2.Increased building permit activity . . . . . . . . . . . . . . . Yes–Enter estimated or actual increase No 3.Increased utility hook-ups . . . . . . . . . . . . . . . . . . . . Yes–Enter estimated or actual increase No 4.Increased occupancy permits . . . . . . . . . . . . . . . . . Yes–Enter estimated or actual increase No 5.Recent annexation(s). . . . . . . . . . . . . . . . . . . . . . . Yes–Enter estimated or actual increase No 6.2010 Census vacant units occupied . . . . . . . . . . . . Yes–Enter estimated or actual increase No 7.Other–Specify –Enter estimated or actual increase –Enter estimated or actual increase C. Are there special circumstances that will affect a Special Census in your jurisdiction? For example: A college population that fluctuates depending on the time of the year Seasonal workers who are present during particular time periods, but not there at other times Other unique situations that may affect a population or housing count Yes–Please describe in detail the situation and include the dates of any potential seasonal population fluctuations. No 1 2 1 2 1 2 1 2 1 2 1 2 1 · · · 2 FORM SC-900 (11-6-2012)Page 8 IV.DATA USED TO DETERMINE POPULATION AND HOUSING ESTIMATES–Continued D. Please feel free to provide any other details about your jurisdiction that may assist us in the preparation of your Special Census cost estimate and/or the timing of a Special Census.