Des Plaines TIF No. 4 ATR 2013CITY OF DES PLAINES
TAX INCREMENT FINANCING DISTRICT NO. 4
FIVE CORNERS / RAND ROAD TIF DISTRICT
ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
City of Des Plaines
Tax Increment Financing District No. 4
Five Corners / Rand Road TIF District
Table of Contents
SECTION TITLE PAGE
1.0 Name of Redevelopment Project Area and
Contact Information 1
2.0 Redevelopment Project Information 3
Attachment A Amendments to the Redevelopment Plan, the
Redevelopment Project and/or Area Boundary 4
Attachment B Certification of the Chief Executive Officer of the
municipality that the municipality has complied with
all of the requirements of the TIF Statute (the "Act ")
during the reporting Fiscal Year. 5
Attachment C Opinion of legal counsel that the municipality is in
compliance with the Act 6
Attachment D Statement setting forth all activities undertaken in
furtherance of the objectives of the Redevelopment Plan 8
Attachment E Description of Agreements Regarding Property Disposition
or Redevelopment 9
Attachment F Additional Information on Uses of Funds Related to Achieving
Objectives of the Redevelopment Plan 10
Attachment G Information Regarding Contracts with TIF Consultants 11
Attachment H Reports Submitted by Joint Review Board 12
Attachment I Summary of any obligations issued by the municipality and
official statements 13
Attachment J Financial Analysis: TIF Obligations 14
Attachments For special tax allocation funds that have experienced cumulative
K and L deposits of incremental tax revenues of $100,000 or more, a
certified audit report reviewing compliance with the Act .
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
15
SECTION TITLE PAGE
Attachment Intergovernmental Agreements 16
M
3.1 Analysis of Special Tax Allocation Fund 17
3.2 Itemized List of Expenditures from Special Tax
Allocation Fund 19
3.3 Special Tax Allocation Fund Balance (end of
reporting period) 24
4.0 Property purchased by the municipality within the
Redevelopment Project Area 26
5.0 Review of Public and Private Investment 28
6.0 Optional Sections 30
Exhibit A
Exhibit B
Joint Review Board Minutes
Audit and Compliance Letter
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
Section 1. Name of Redevelopment Project Area and Contact Information
Refer to chart attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
FY 2013
ANNUAL TAX INCREMENT FINANCE
REPORT
Name of Municipality: Des Plaines
County: Cook
Unit Code:
016/140/30
STATE OF ILLINOIS
COMPTROLLER
JUDY BAAR TOPINKA
Reporting Fiscal Year.
Fiscal Year End:
2013
12/31 /2013
TIF Administrator Contact Information
First Name: Michael Last Name: Bartholomew
Address: 1420 Miner Street Title: City Manager
Telephone: 847/391 -5488 City: Des Plaines Zip:
Mobile E -mail mbartholomew @desplaines.org
Mobile
Provider
Section 1 (65 ILCS 5/11 - 74.4 -5 (d) (1.5) and 65 ILCS 5/11 74.6 -22 (d) (1.5)1
Best way to X Email _X _ Phone
contact Mobile Mail
60016
I attest to the best of my knowledge, this report of the redevelopment project areas in: CityNillage of
Des Plaines
is complete and accurate at th •. end of this reporting Fiscal year under the Tax Increment Allocation Redevelopment Act
165 ILCS 5/11- 74.4 -3 . Or the Industrial Jobs Recovery Law f65 ILCS 5/11- 74.6 -10 et. seal
Written signature of TIF Administator
/ 9 - y
Date
FILL OUT ONE FOR EACH TIF DISTICT
Name of Redevelopment Project Area
TIF No. 1 Downtown
TIF No. 3 Witte Road Mt. Prospect Road
TIF No. 4 Five Corners Rand Road
TIF No. 5 Lee Street Perry Street
TIF No. 6 Mannheim - Higgins Road
Date Designated
7/15/1985
8/7/2000
10/2006
4/2/2001
10/15/2001
Date Terminated
*All statutory citations refer to one of two sections of the Illinois Municipal Code' the Tax increment Allocation
Redevelopment Act [65 ILCS 5/11- 74.4 -3 et. seq.] or the Industrial Jobs Recovery Law [65 ILCS 5/11- 74.6 -10 et. seq.]
Des PiatnesTIF 4 2013.xisx
Name of Redevelopment Project Area:
No
Yes
Were there any amendments to the redevelopment plan, the redevelopment project are_, or the _-ate
Sales Tax Boundary? [65 ILCS 5/11- 74.4 -5 (d) (1) and 5/11- 74.6 -22 (d) (1)]
If yes, please enclose the amendment labeled Attachment A
X
Commercial Retail Res.
Certification of the Chief Executive Officer of the municipality that the municipality has complied with all
of the requirements of the Act during the preceding fiscal year. [65 ILCS 5/11- 74.4 -5 (d) (3) and 5/11 -74.6
22 (d) (
Please enclose the CEO Certification labeled Attachment B
? (check one):
X
Opinion of legal counsel that municipality is in compliance with the Act. [65 ILCS 5/11- 74.4 -5 (d) (4) and
5/11- 74.6 -22 (d) (4)]
Please enclose the Legal Counsel Opinion labeled Attachment C
,
X
Were there any activities undertaken in furtherance of the objectives of the redevelopment plan,
including any project implemented in the preceding fiscal year and a description of the activities
undertaken? [65 ILCS 5/11- 74.4 -5 (d) (7) (A and B) and 5/11- 74.6 -22 (d) (7) (A and B)]
If yes, please enclose the Activities Statement labeled Attachment D
X
Were any agreements entered into by the municipality with regard to the disposition or redevelopment
of any property within the redevelopment project area or the area within the State Sales Tax Boundary?
[65 ILCS 5/11- 74.4 -5 (d) (7) (C) and 5/11- 74.6 -22 (d) (7) (C)]
If yes please enclose the Agreements) labeled Attachment E
X
Is there additional information on the use of all funds received under this Division and steps taken by the
municipality to achieve the objectives of the redevelopment plan? [65 ILCS 5/11- 74.4 -5 (d) (7) (D) and
5/11- 74.6 -22 (d) (7) (D)]
If yes, please enclose the Additional Information labeled Attachment F
X
Did the municipality's TIF advisors or consultants enter into contracts with entities or persons that have
received or are receiving payments financed by tax increment revenues produced by the same TIF? [65
ILCS 5/11- 74.4 -5 (d) (7) (E) and 5/11- 74.6 -22 (d) (7) (E)]
If yes, please enclose the contract(s) or description of the contract(s) labeled Attachment G
X
Were there any reports or meeting minutes submitted to the municipality by the joint review board? [65
ILCS 5/11- 74.4 -5 (d) (7) (F) and 5/11- 74.6 -22 (d) (7) (F)]
If yes, please enclose the Joint Review Board Report labeled Attachment H
X
Were any obligations issued by municipality? [651LCS 5/11- 74.4 -5 (d) (8) (A) and
5/11- 74.6 -22 (d) (8) (A)]
If yes please enclose the Official Statement labeled Attachment!
X
Was analysis prepared by a financial advisor or underwriter setting forth the nature and term of
obligation and projected debt service including required reserves and debt coverage? [65 ILCS 5/11 -74.4-
5 (d) (8) (B) and 5/11- 74.6 -22 (d) (8) (B)]
If yes, please enclose the Analysis labeled Attachment J
X
Cumulatively, have deposits equal or greater than $100,000 been made into the special tax allocation
fund? 65 ILCS 5/11 - 74.4 -5 (d) (2) and 5/11- 74.6 -22 (d) (2)
If yes, please enclose Audited financial statements of the special tax allocation fund
labeled Attachment K
X
Cumulatively, have deposits of incremental revenue equal to or greater than $100,000 been made into
the special tax allocation fund? [65 ILCS 5/11- 74.4 -5 (d) (9) and 5/11- 74.6 -22 (d) (9)]
If yes, please enclose a certified letter statement reviewing compliance with the Act labeled
Attachment L
X
A list of all intergovernmental agreements in effect in FY 2010, to which the municipality is a part, and an
accounting of any money transferred or received by the municipality during that fiscal year pursuant to
those intergovernmental agreements. [65 ILCS 5/11- 74.4 -5 (d) (10)]
If yes, please enclose list only of the intergovernmental agreements labeled Attachment M
X
Name of Redevelopment Project Area:
TIF 4 Five Corners
Primary Use of Redevelopment Project Area *:
Commercial Mixed Use
If "Combination /Mixed" List Component Types:
Commercial Retail Res.
Under which section of the Illinois Municipal Code was Redevelopment Project Area
Tax Increment Allocation Redevelopment Act _x_ Industrial Jobs Recovery
? (check one):
SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]
FY 2013
* Types include: Central Business District, Retail, Other Commercial, Industrial, Residential, and Combination /Mixed.
Des PlainesTlF 4 2013.xlsx
Attachment A Amendments to the Redevelopment Plan, the Redevelopment Project
and /or the Area Boundary
There were no amendments to the Redevelopment Plan or to the Redevelopment Project Area
within the reporting Fiscal Year.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
4
Attachment B Certification of the Chief Executive Officer of the municipality that the
municipality has complied with all of the requirements of the Act during the
reporting Fiscal Year.
Re: City of Des Plaines Certificate of Compliance
Tax Increment Financing District #4 - -- Five Corners -- Rand/River Rd. Redevelopment
Project Area
For Fiscal Year Ending December 31, 2013
I, Matthew J. Bogusz, the duly elected Chief Executive Officer of the City of Des
Plaines, County of Cook, State of Illinois, do hereby certify that to the best of my knowledge, the
City of Des Plaines complied with the requirements pertaining to the Illinois 'Fax Increment
Redevelopment Allocation Act during the fiscal year beginning January 1, 2013 and ending
December 31, 2013.
MAYOR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
6 -iQ -/y
DATE
CITY OF DES PLAINES TIF DISTRICT 04 ANNUAL REPORT FOR FISCAL YEAR
Attachment C Opinion of legal counsel that the municipality has complied with the Act.
CITY OF DES PLAINES TIE DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
6
RE: Attorney Review City of Des Plaines TIE District #4
To Whom It May Concern:
This will confirm that I am the General Counsel for the City of Des Plaines, Illinois. I have
reviewed all infonnation provided to me by the City staff and consultants, and I find that the City
of Des Plaines has conformed to all applicable requirements of the Illinois Tax Increment
Redevelopment Allocation Act set forth thereunder for the fiscal year beginning January 1, 2013
and ending December 31, 2013, to the best of my knowledge and belief.
Sincerely,
CITY OF DES PLAINES TIF DISTRICT #I ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
Attachment D Statement setting forth all activities undertaken in furtherance of the objectives of
the Redevelopment Plan, including any project implemented in the preceding
fiscal year and a description of the activities undertaken [65 ILCS 5/11-74.4 -
5(d)(7)(A & B) and 5/11- 74.6- 22(d)(7)(A & B)]
TIF #4
This TIF Redevelopment Plan and Project Area was established in October, 2006
and is located generally at the intersection of Rand and River Roads in north-
central Des Plaines.
The Redevelopment Project Area was established due to the area's underutilized
potential and location adjacent to several arterial streets. The City has designated
the area as suitable for redevelopment of mixed uses including, residential,
commercial and retail. During FY 2007, the City hired a consulting firm to create
a mixed use plan among several improvement and development options for the
area and conducted appraisals on certain properties. The resulting Comprehensive
Redevelopment Plan for the TIF district was completed in 2009 and forms the
basis for future redevelopment plans for the area.
There are no current debt service obligations, and the City undertook public
improvements /capital outlays within the TIF District during the reporting fiscal
year.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
8
Attachment E Description of any agreements entered into by the municipality with
regard to the disposition or redevelopment of any property within the redevelopment project area
or the area within the State Sales Tax Boundary [65 ILCS 5/11- 74.4- 5(d)(7)(C) and 5/11-74.6 -
22(d)(7)(C)]
TIF #4
There were no new redevelopment agreements approved for this area in the reporting
fiscal year.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
9
Attachment F Additional Information on use of all funds received under this Division and steps
taken by the municipality to achieve the objectives of the redevelopment plan [65 ILCS 5/11-
74.4-5 (d)(7)(D) and 5/11- 74.6 -22 (d)(7)(D)]
The City of Des Plaines continued to implement the primary objectives of the TIF #4
Redevelopment Plan and Project by assisting in "promoting the redevelopment of
commercial /industrial users within the RPA and to attract new and retain existing businesses ".
Additionally, the City will continue to designate funds to address public infrastructure
improvements, revitalization of underutilized properties, create new jobs, coordination of land
use, buffering and cooperative public /private partnership objectives for the area.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
10
Attachment G Information regarding contracts that TIF advisors or consultants have entered
into with entities or persons receiving payments financed by tax increment revenues produced by
the same TIF [65 ILCS 5/11- 74.4 -5 (d)(7)(E) and 5/11- 74.6 -22 (d)(7)(E)]
The City utilized the services of Kane, McKenna and Associates, Inc. during the previous fiscal
year in order to assist in monitoring the TIF Districts regarding their financial condition, with
respect to the annual JRB meeting and with respect to development project negotiations. Fees
were based upon hourly rates for services rendered and did not include contingent payments.
These fees were included in the City's annual anticipated budgets and did not exceed the City's
estimates.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
11
Attachment H Reports Submitted by Joint Review Board.
No reports were submitted by the Joint Review Board. The Board met on August 27, 2013.
Minutes of the meeting are attached as Exhibit A.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
12
Attachment I Summary of any obligations issued by the municipality and official statements
No new obligations were issued by the City in the reporting Fiscal Year.
CITY OF DES PLAINES TIE DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
13
Attachment J Financial Analysis: TIF Obligations
Not applicable.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
14
Attachments K and L
For special tax allocation funds that have experienced cumulative deposits of incremental tax
revenues of $100,000 or more, a certified audit report reviewing compliance with the Act
performed by an independent public accountant certified and licensed by the authority of the
State of Illinois. The audit report shall contain a letter from the independent certified public
accountant indicating compliance or noncompliance with the requirements of subsection (q) of
Section 11- 74.4 -3.
Relevant portions of the City's audit and the compliance letter are attached as Exhibit B.
CITY OF DES PLAINES TIE DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
15
Attachment M Intergovernmental Agreements
Pursuant to an intergovernmental agreement approved in 2006, the City has agreed to declare
certain amounts of TIF revenues as surplus pursuant to the TIF Act beginning in tax year 2016.
The City has also agreed to pay 8% of sales tax revenue generated in the TIF District by new
operations locating in the TIF District. In addition, the City agreed to declare $3,000,000 (total)
in surplus revenues from TIF #1 in calendar years 2008 and2009, and such payments have
occurred.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
16
Section 3.1 Analysis of Special Tax Allocation Fund
Refer to table attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
17
Revenue /Cash Receipts Deposited in Fund During Reporting FY:
Reporting Year
Cumulative*
% of Total
Property Tax Increment
$ 1,901
$ 1,764,679
100%
State Sales Tax Increment
0%
Local Sales Tax Increment
0%
State Utility Tax Increment
0%
Local Utility Tax Increment
0%
Interest
$ 1
$ 1,375
0%
Land /Building Sale Proceeds
0%
Bond Proceeds
0%
Transfers from Municipal Sources
0%
Private Sources
0%
Other (identify source • if multiple other sources, attach
0%
schedule)
FY 2013
TIF NAME: TIF 4
Fund Balance at Beginning of Reporting Period
SECTION 3.1 - (65 ILCS 5/11- 74.4 -5 (d) (5) and 65 ILCS 5/11- 74.6 -22 (d) (5))
Provide an analysis of the special tax allocation fund.
$ 591,701
Total Amount Deposited in Special Tax Allocation
Fund During Reporting Period
Cumulative Total Revenues /Cash Receipts
Total Expenditures /Cash Disbursements (Carried forward from Section 3.2)
Distribution of Surplus
Total Expenditures /Disbursements
NET INCOME /CASH RECEIPTS OVER/(UNDER) CASH DISBURSEMENTS
FUND BALANCE, END OF REPORTING PERIOD*
Total Amount Designated (Carried forward from Section 3.3)
18
*must be completed where 'Reporting Year is
populated
$ 1,9021
$ 108,997
$ 108,9971
$ (107,095)
$ 484,606
* if there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
1 $ (1,115,394)1
1,766,054
100%
Des PlainesTIF 4 2013.xlsx
Section 3.2 Itemized List of Expenditures from Special Tax Allocation Fund
Refer to tables attached.
CITY OF DES PLAINES TIF DISTRICT tt4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
19
FY 2013
TIF NAME: TIF 4
SECTION 3.2 A- (65 ILCS 5/11- 74.4 -5 (d) (5) and 65 ILCS 5/11- 74.6 -22 (d) (5))
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment cost, amounts expended during reporting period)
FOR AMOUNTS >$10,000 SECTION 3.2 B MUST BE COMPLETED
Category of Permissible Redevelopment Cost [65 ILCS 5/11- 74.4 -3 (q) and 65 ILCS 5/11 -74.6-
10 (o)]
1. Costs of studies, administration and professional services — Subsections (q)(1) and (o) (1)
Professional costs /services
2. Cost of marketing sites — Subsections (q)(1.6) and (o)(1.6)
3. Property assembly, demolition, site preparation and environmental site improvement costs.
Subsection (q)(2), (o)(2) and (o)(3)
4. Costs of rehabilitation, reconstruction, repair or remodeling of existing public or private buildings.
Subsection (q)(3) and (o)(4)
Public improvements
5. Costs of construction of public works and improvements. Subsection (q)(4) and (o)(5)
6. Costs of removing contaminants required by environmental laws or rules (o)(6) - Industrial Jobs
Recovery TIFs ONLY
Amounts
45,380
8,135
Reporting Fiscal Year
maiamiew
45,380
.....a;; 18,135
20
Des PlainesT!F 4 2013.xlsx
SECTION 3.2 A
PAGE 2
7. Cost of job training and retrammg, including "welfare to work" programs Subsection (q)(5), (o)(7)
and (0)(12)
8. Financing costs. Subsection (q) (6) and (o)(8)
Payments to governments
9. Approved capital costs. Subsection (q)(7) and (o)(9)
10. Cost of Reimbursing school districts for their increased costs caused by TIF assisted housing
projects. Subsection (q)(7.5) - Tax Increment Allocation Redevelopment TIFs ONLY
11. Relocation costs. Subsection (q)(8) and (0)(10)
12. Payments in lieu of taxes. Subsection (q)(9) and (o)(11)
13. Costs of Job training, retraining advanced vocational or career education provided by other
taxing bodies. Subsection (q)(10) and (o)(12)
45,482
45,482
21
Des PlainesT]F 4 2013.x!sx
SECTION 3.2 A
PAGE 3
14. Costs of reimbursing private developers for interest expenses incurred on approved
redevelopment projects. Subsection (q)(11)(A -E) and (o)(13)(A -E)
15. Costs of construction of new housing units for low income and very low- income households.
Subsection (q)(11)(F) - Tax Increment Allocation Redevelopment TIFs ONLY
16. Cost of day care services and operational costs of day care centers. Subsection (q) (11.5) - Tax
Increment Allocation Redevelopment TIFs ONLY
TOTAL ITEMIZED EXPENDITURES
108,997
22
Des PlainesTIF 4 2013.xdsx
FY 2013
TIF NAME: TIF 4
Section 3.2 B
List all vendors, including other municipal funds, that were paid in excess of $10,000 during the current
reporting year.
There were no vendors, including other municipal funds, paid in excess of
$10,000 during the current reporting period.
Name
Cook County
DiNatale Construction Co.
General Fund
Service
Refund to Cook County
Public improvements
TIF Reimbursements
Amount
$ 44,751.02
$ 23,711.99
$ 45,380.00
23
Des PlainesTlF 4 2013.xlsx
Section 3.3 Special Tax Allocation Fund Balance (end of reporting period).
Refer to table attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
24
SECTION 3.3 - (65 ILCS 5/11- 74.4 -5 (d) (5) 65 ILCS 11- 74.6 -22 (d) (5))
Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period
FY 2013
TIF NAME: TIF 4
FUND BALANCE, END OF REPORTING PERIOD
1. Description of Debt Obligations
Total Amount Designated for Obligations
2. Description of Project Costs to be Paid
Contractual Services
Public Improvements
100,000
1,500,000
Total Amount Designated for Project Costs
TOTAL AMOUNT DESIGNATED
SURPLUSI(DEFICIT)
25
484,606
Amount of Original
Issuance
Amount Designated
1,600,000
1,600,000
(
(1,115,394)1
* NOTE: If a surplus is calculated, the municipality may be required to repay the amount to overlapping taxing
Des PlainesTlF 4 2013.xlsx
Section 4.0 A description of all property purchased by the municipality within the
Redevelopment Project Area including:
A. Street Address
B. Approximate size or description of property
C. Purchase Price
D. Seller of property
Refer to table attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2013 AND ENDING DECEMBER 31, 2013
26
SECTION 4 [65 ILCS 5/11- 74.4 -5 (d) (6) and 65 ILCS 5/11- 74.6 -22 (d) (6)]
FY 2013
TIF NAME: TIF 4
Provide a description of all property purchased by the municipality during the reporting fiscal year within the
redevelopment project area.
_X_ No property was acquired by the Municipality Within the Redevelopment Project Area
Property Acquired by the Municipality Within the Redevelopment Project Area
Property (1):
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
Property (2):
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
Property (3):
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
Property (4):
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
27
Des PlainesTIF 42013.xlsx
Section 5.0 Review of Public and Private Investment.
Refer to table attached.
CITY OF DES PLAINES TIE DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013
28
Check here if NO projects were undertaken by the Municipality Within the Redevelopment Project Area: None
ENTER total number of projects undertaken by the Municipality
Within the Redevelopment Project Area
and list them in detail below*.
TOTAL:
11/1/99 to Date
Estimated Investment
for Subsequent Fiscal
Year
Total Estimated to
Complete Project
Private Investment Undertaken (See Instructions)
$ -
$ -
$
Public Investment Undertaken
0
Ratio of Private /Public Investment
0
0
Project 2:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private /Public Investment
0
0
Project 2:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private /Public Investment
0
0
Project 3:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private /Public Investment
0
0
Project 4:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private /Public Investment
0
0
Project 5:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private /Public Investment
0
0
Project 6:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private /Public Investment
0
0
SECTION 5 - 65 ILCS 5/11- 74.4 -5 (d) (7) (0) and 65 ILCS 5/11- 74.6 -22 (d) (7) (G)
PAGE 1
FY 2013
TIF NAME: TIF 4
SECTION 5 PROVIDES PAGES 1 -3 TO ACCOMMODATE UP TO 25 PROJECTS. PAGE 1 MUST BE INCLUDED WITH TIF
REPORT. PAGES 2 -3 SHOULD BE INCLUDED ONLY IF PROJECTS ARE LISTED ON THESE PAGES
Project 1: *IF PROJECTS ARE LISTED NUMBER MUST BE ENTERED ABOVE
29
Des PlainesTlF 4 2013.xlsx
Number of Jobs
Retained
Number of Jobs
Created
Description and Type
(Temporary or
Permanent) of Jobs
Total Salaries Paid
$
$
$
$
$
$
$
Optional: Information in the following sections is not required by law, but would be helpful in evaluating the performance
of TIF in Illinois. "even though optional MUST be included as part of complete TIF report
SECTION 6
FY 2013
TIF NAME: TIF 4
Provide the base EAV (at the time of designation) and the EAV for the year reported for the redevelopment project area
Year redevelopment
project area was
designated
Base EAV
20061 $ 41,795,774
$ 35,724,355
List all overlapping tax districts in the redevelopment project area.
If overlapping taxing district received a surplus, list the surplus.
_X_ The overlapping taxing districts did not receive a surplus.
Overlapping Taxing District
Surplus Distributed from redevelopment
project area to overlapping districts
SECTION 7
Provide information about job creation and retention
Reporting Fiscal Year
EAV
SECTION 8
Provide a general description of the redevelopment project area using only major boundaries:
Optional Documents
Legal description of redevelopment project area
Map of District
Enclosed
0
Des PlainesTIF 4 2013.xlsx
EXHaBIT A
In Attendance:
Michael Bartholomew
Bill Dussling
Sherry Koerner
Mary Kalou
Ruth Gloede
Mike Sweeney
Michael Alsup
Walter Kazmferczak
Brian Taylor
Barry Collins
Nelson Gray
Karen Stephens
Bob Rychlicki
Don Miletic
Scott Mangum
Dorothy Wisniewski
The meeting opened at 10 a.m. Michael Bartholomew welcomed everyone.
A motion was made by Bill Dussling, seconded by Ruth Gloede, to elect and confirm public
member Barry Collins.
AYES:
NAYS:
Motion:
A motion was made by Barry Collins, seconded by Bill Dussling, to elect and confirm City
Manager, Michael Bartholomew, as Chair for the meeting.
AYES:
NAYS:
Motion:
A motion was made by Barry Collins, seconded by Bill Dussling, to approve the minutes of the
Joint Review Board Meeting held on November 14, 2012.
AYES:
NAYS:
Motion:
CITY OF DES PLAINES
TAX INCREMENT FINANCING DISTRICT
JOINT REVIEW BOARD MEETING MINUTES
AUGUST 27, 2013
All
None
CARRIES
All
None
CARRIES
All
None
CARRIES
City Manager, City of Des Plaines
President, District 214 /Board of Education
Director of Business Services, District 214 /Board of Education
Assistant Superintendent, District 207/Maine Township
Assistant Superintendent, District 59 /Community Consolidated
Supervisor, Elk Grove Township
Chief of Police, Harper College
Trustee, Maine Township
Director of Recreation, Mt. Prospect Park District
Public Member
Assistant Superintendent, District 62 /City of Des Plaines
Director of Parks & Recreation, Rosemont Park District
TIF Consultant, Kane McKenna & Associates, Inc.
Assistant Superintendent, Des Plaines Park District
Senior Planner, City of Des Plaines
Finance Director, City of Des Plaines
Michael Bartholomew stated he would like to alter the order of TIF discussion.
TIF District #3
Bob Rychlicki gave a brief overview and stated this is a single purpose industrial TIF which is
scheduled to terminate at the end of 2036. The format is distributed to municipalities and
comprised of three components: Certifications, Redevelopment of Activities (12 -month fiscal
year) of which there are no new activities /amendments, and Information from City Audit (fiscal
condition). The latter noted $561,037 was received by the City. Bond Issues are from 2004 -2011.
Litmus Test is $11 million There is a 3x differential.
Bill Dussling asked what the cause is. Bob Rychlicki advised — two large industrial buildings.
Ruth Gloede noted the reduction to $11.1 million is being noticed as well. Bob Rychlicki stated —
it is the City recalibrating market values, industrial and commercial will increase, residential will
be flatter; nothing is certified yet.
Bill Dussling asked if there are any other TIFs affecting District 214 (as this is significant).
Michael Bartholomew stated -- not at this time.
Review of TIF #3 was concluded.
A motion was made by Ruth Gloede, seconded by Bill Dussling, to approve the minutes.
AYES: All
NAYS: None
Motion: CARRIES
TIF District #4
Bob Rychlicki noted the Mayor and Auditor certifications, stating it's been a down year for
redevelopment of activities; no redevelopment agreements or financing. Fiscal condition receipts
are virtually non - existent (with a minor notation), no bonds issued, and performance has gone
under the base (including 2012). 2013 may rise; 2014 will show a positive number.
Barry Collins asked what the public improvements are. Michael Bartholomew advised —
sidewalks. Bob Rychlicki advised that streetscapes, sidewalks were in the plan
Barry Collins noted for public concern, this comes out of City funds to keep the City operational
Mary Kalou asked if the strip mall Dunkin' Donuts is in is in the TIF. Dorothy Wisniewski
advised — yes, only through the middle of the development.
Bob Rychlicki noted the sales tax is a factor. Dorothy Wisniewski noted a check was received
and an IBT # is being checked.
Nelson Gray asked if Red Hots is in TIF. Dorothy Wisniewski stated it is divided per business.
Nelson Gray offered a suggestion to have a map present as a reference during future meetings.
Review of TIF #4 was concluded.
A motion was made by Nelson Gray, seconded by Barry Collins, to approve the minutes with the
line after 8% removed.
AYES: All
NAYS: None
Motion: CARRIES
TIF District #1
Bob Rychlicki advised there are the same certifications. Boundaries and plan were not
amendments; no new redevelopment agreements. Financing was undertaken by the City
(refunding 2012A). Fiscal condition (due to size and diversity) was healthy coming in over $4.7
million The City has some bond issues, there is a 4x differential; in 2021 the TIF terminates.
Nelson Gray asked if there is any desire to extend this TIF. Bob Rychlicki stated that 12 years is
the rule (nothing has gone beyond). There is no extension at this time; this is a State decision.
Mary Kalou asked what the improvements are. Michael Bartholomew discussed the design,
master planning, water mane /public improvements (Metropolitan Square) and new restaurants
indicating this TIF should perform even better.
Michael Bartholomew inquired about Perfect Cleaning Services, asking if there is any Village -
owned property. Dorothy Wisniewski advised — the train station.
Barry Collins asked if debt would be paid by termination date. Michael Bartholomew stated —
yes.
Review of TIF #1 was concluded.
A motion was made by Walter Kazmferczak, seconded by Barry Collins, to approve the minutes.
AYES: All
NAYS: None
Motion: CARRIES
TIF District #5
Bob Rychlicki expects this to terminate by 2025. There are certifications, no new
redevelopments. TIF flow is $117, 286.00 (18% applied to debt service). There is one bond issue
outstanding. Balance is declining; still over the base.
Barry Collins asked if the grocery store and bank are leased or owned. Michael Bartholomew
stated he believes the grocery store is leased, and the bank may be privately -held. Barry Collins
asked when the lease ends. Michael Bartholomew advised that most are 10 -year leases.
Review of T1F #5 was concluded.
A motion was made by Barry Collins, seconded by Nelson Gray, to approve the minutes.
TIF District #6
Bob Rychlicki advised this is a single -use for hotel and commercial; will terminate in 2025.
Same series of certifications (City Manager, Mayor, and Auditor); redevelopment options are
being reviewed. Parking is being considered due to density. No new debt issue. There is
$60,124.00 in receipts (professional services, bond payments). City obligations are an
acquisition; would like the City to release financing for redevelopment. Michael Bartholomew
advised that since he arrived three years ago, there is no update. On the north side of the toll way,
there has been litigation for two years. The City would like to market; it's the cost of capital. An
economic development consultant has been hired.
Review of TIF #6 was concluded.
A motion was made by Don Miletic, seconded by Barry Collins, to approve the minutes.
AYES: All
NAYS: None
Motion: CARRIES
Bob Rychlicki reviewed the 2012 State Comptroller's Report and advised of some changes i.e.
the state doesn't want title pages, table of contents; the information is the same with exhibits at
the back. Michael Bartholomew reported everything is always sent in on time, however calls are
received indicating the documents were not received. Michael Bartholomew assured that
everything is being done expeditiously.
There were no questions from Board Members.
A motion was made by Barry Collins, seconded by Michael Alsup, to adjourn the meeting at
10:45 a.m.
AYES: All
NAYS: None
Motion: CARRIES
Respectfully submitted,
Gale Cerabona, Secretary
EXHIBIT B
H
To the Honorable Mayor
And Members of the City Council
City of Des Plaines, Illinois
Des Plaines, Illinois 60016
INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE.
Crane Horwath LIP
Independent Member Cmwe Hawalh Inlemelbnq
We have examined the City of Des Plaines, Illinois', (City's) compliance with the requirements of
subsection (q) of Section 11- 74.4 -3 of the Illinois Tax Increment Redevelopment Allocation Act during the
year ended December 31, 2013. Management is responsible for the City's compliance with those
requirements. Our responsibility is to express an opinion on the City's compliance based on our
examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants and accordingly, included examining, on a test basis, evidence
about the City's compliance with those requirements and performing such other procedures as we
considered necessary in the circumstances. We believe our examination provides a reasonable basis for
our opinion. Our examination does not provide a legal determination of the City's compliance with
specified requirements.
In our opinion, the City complied in all material respects, with the aforementioned requirements for the
year ended December 31, 2013.
Oak Brook, Illinois
June 18, 2014
Crowe Horwath LLP
208.
Revenues
Property Taxes
Other Taxes
Licenses and Permits
Intergovernmental
Public Charges for Services
Fines, Forfeitures and Penalties
Investment Income
Miscellaneous
Total Revenues
Expenditures
Current
General Government
Public Safety
Public Works
Streets and Highways
Economic Development
Debt Service
Principal
Interest and Fiscal Charges
Capital Outlay
Total Expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfer In
Transfer Out
Issuance of Debt
Premium on Bond Issuance
Total Other Financing Sources (Uses)
Net Change In Fund Balances
Fund Balances at Beginning of Year
Fund Balances at End of Year
CITY OF DES PLAINES, ILLINOIS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
Year Ended December 31, 2013
General
$ 23,043,431 $ 7,104 $
12,030,631
2,924.191
20,992,728
6,245,773
1,312,001
25,188
550,055
67,123,998
7,272,417
38.138,909
6,225,488
5,210,461
500,690
57.347,965
347,013
(2,217,202)
(1,870,189)
Major Governmental Funds
TIF #6
(Mannheim/
Higgins)
Gaming Tax
24,662,123
148 36,938
3,147 -
10,399 24,699,061
27,692
725,000
436,782
1,189,474
(62,515)
4,390,000
110,395
4.437,880
15,864,849
Capital
Projects
$ 33,453
5,937,380
786,579
- 6,795,000
776,892
5,801,860
15.864,849 14,160,331
Nonmajor
Governmental
Funds
2,329,989
2,288,299 -
126,876
3,487 23,831
45,463 32,304
8,308.082 8,102 965
Total
Governmental
Funds
$ 5,491,137 $ 28,575,125
98,828 42,728,962
2,924,191
23,322,717
8,534,072
1,438,877
89,592
630,969
108 244,505
269,010 23,406,276
191,455 38,330,364
7,012,067
6,363,552
1,855,126
1,153,091
1,326,744
2,273,365
822.935
6631,857
12,668,457
9,793,365
2,036,609
12,433,717
101,231,076
9,776,033 (1,179,075) 8,834,212 (5,852,249) (4,565,492) 7,013,429
- 7,155,000 2,533,386 10,035,399
(7,155,000) (297,004) (445,872) (10,177,593)
- 3,555,000 7,945,000
104,650 215.045
(7,155.000) 6,857,996 5,747,164 8,017.851
7.905,844 3,258.805 1,679,212
35.734,769 (5,643,050)
$ 43,640,613 $ (2,384,245) $ 14,274,630 $ 3,529,074 $ 11,468,252 $ 70,528,324
See accompanying notes to financial statements.
1,005,747 1,181,672 15,031,280
12,595,418 2.523,327 10,286,580 55,497,044
CITY OF DES PLAINES, ILLINOIS
RECONCILIATION OF STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND
BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
Year Ended December 31, 2013
Net Change in Fund Balances - Total Govemmental Funds $ 15,031,280
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 as depreciation expense. This is the amount by which
capital outlays exceeded depreciation and other transactions that impact capital assets in the current year.
Capital Expenditures $ 11,307,014
Contributed Assets 467,295
Depreciation (6,123 417)
Capital Expenditures in Excess of Depreciation
Some expenses reported in the statement of activities do not require the use of current financial resources and
therefore are not reported in the govemmental funds.
Decrease in Compensated Absences Liability 144,990
Accretion of Interest on Capital Appreciation Bonds (537,437)
Increase in Accrued Interest Payable (8,110)
Increase in Net Pension Obligation - IMRF (39,389)
Decrease in Other Post Employment Benefits (OPEB) 204,436
Increase in Net Pension Asset 67,817
Total Expenses of Non - current Resources
The issuance of long -term debt provides current financial resources to govemmental funds, but issuing debt
increases long -term liabilities in the statement of net position. Repayment of long-term debt principal is an
expenditure in the govemmental funds, but the repayment reduces long -term liabilities in the statement of net
position. Also, govemmental funds report the effect of premiums, discounts, and similar items when debt is
first issued, whereas these amounts are amortized in the statement of activities. This amount is the net
effect of these differences in the treatment of long -term debt and related items.
Bonds Issued (7,945,000)
Premium on Bonds Issued (215,045)
Repayments:
General Obligation Bonds Payable 6,870,000
TIF General Obligation Bonds Payable 2,855,000
TIF Revenue Bonds Payable 55,865
Installment Notes Payable 12,500
Amortization of Premiums, Discounts & Loss on Refunding (126,988)
Net Adjustment
Internal service funds are used by management to charge self insurance costs to individual funds. The change
in net position of the internal service fund (net of current look back adjustment) reported with the governmental
activities.
See accompanying notes to financial statements,
5,650,892
Some revenues were not collected for several months after the close of the fiscal year and therefore were not
considered to be "available" and are not reported as revenue in the governmental funds. 330,829
(167,693)
1,506,332
112,099
Change in Net Position of Governmental Activities $ 22,463,739
21.
Governmental
Business -Type Activities - Enterprise Funds Activities
Major Funds Nonmajor Fund
Des Plaines
Emergency Total
Communication Enterprise Internal Service
Water /Sewer Parking System Center Funds Funds
ASSETS
Current Assets
Cash and Investments $ - $ 533,440 $ 638,526 $ 1,171,966 $ 1,460,754
Receivables (Net)
Accounts 3678.343 - - 3,878.343 -
Other 10,531 70,258 203,748 284,537 788
Prepaid Items - 6,053 6,053 3,113,644
Inventories 280,322 - 280,322 -
Total Current Assets 4,169,196 603.698 848,327 5,621,221 4,575186
Noncurrent Assets
Capital Assets
Capital Assets Not Being Depreciated 233,828 1,657.942 - 1,891,770
Capital Assets Being Depreciated, Net 17623,453 9,932,822 205,195 27,961,470
Total Noncurrent Assets 18,057,281 11,590,764 205.195 29,853,240
TOTAL ASSETS
TOTAL LIABILITIES
Adjustment to Reflect the Consolidation of Internal Service Funds Activities
Related to Enterprise Funds
Net Position of Business -type Activities
CITY OF DES PLAINES, ILLINOIS
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
December 31, 2013
22,226,477 12,194,462
LIABILITIES
Current Liabilities
Accounts Payable 1,335,444 46,537 21,055 1,403,036 116,135
Accrued Uabilities 206,689 331,823 538,512 23,190
Due to Other Funds 777,873 - 777,873 -
Unearned Revenue - - 177,158 177,158
Long -tens Obligations, Due Within One Year
Compensated Absences 173,190 94,658 267,848 -
Eady Retirement Incentive Program Payable - - - 19,233
Total Current Liabilities 2,493,196 46,537 624,694 3,164,427 158,558
Noncurrent Liabilities
Long -tern Obligations, Due in More Than One Year
Net OPEB Obligation 68,288 - 109,783 178,071
Net IMRF Obligation 109,645 - 43,262 152,907
Compensated Absences 76,215 - 49,437 125,652
Total Noncurrent Liabilities 254.148 202,482 456,630
2747,344 - 46,537 827,176 3,621 057
NET POSITION
Net investment in Capital Assets 18,057,281 11,590,764 205,195 29,853,240 -
Unrestricted 1,421.852 557,161 21,151 2.000,164 4,416,628
TOTAL NET POSITION $ 19,479,133 $ 12,147,925 $ 226,346 31,853,404 $ 4,416,628
See accompanying notes to financial statements.
1,053.522 35,474,461 4,575,186
456,061
$ 32,309,465
158,558
CITY OF DES PLAINES, ILLINOIS
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
Year Ended December 31, 2013
Governmental
Business -Type Activities - Enterprise Funds Activities
Major Funds Nonmajor Fund
Des Plaines
Emergency Total
Communication Enterprise internal Service
Center Funds Funds
Water /Sewer Parkinq System
Operating Revenues
Charges for Services $ 13,810.387 $ 336.051 $ 2,089,579 $ 16,236,017 $ 11,343,544
Miscellaneous 5,388 - 5,368 247,490
Total Operating Revenues 13,815,775 336,051 2,089,579 16,241,405 11,591,034
Operating Expenses
Salaries 3,239,433 - 1,184,796 4,424,229 -
Benefits - 1,686,501 - 535,188 2,223,689
Contractual Services 1,252,729 - 16,686 224,590 1,494,005 -
Commodities 8,148,506 141,846 123,019 8,413,371 -
Capital Outlay 87,453 - 900 88,353 -
Claims Expense - - - - 5055,172
Insurance and Processing Fees - - - 3,110.266
Miscellaneous - - - - 433,842
Depreciation 948,579 649,879 179,440 1,777,898 -
Total Operating Expenses 15 365.201 808,411 2 247,933 18,421,545 11,599,280
Operating income (Loss) (1,549,426) (472 360) (158,354) (2,180,140) (8,246)
Nonoperating Revenues and (Expenses)
Intergovernmental 8,237 - - 8,237 -
Investment Income 1,711 - 65 1,776 34
Interest Expense (19,436) - - (19,436) -
Total Nonoperating Revenues and (Expenses) (9,488) - 65 (9,423) 34
Income (Loss) Before Transfers (1,558,914) (472,360) (158,289) (2,189,563) (8212)
Transfers
Transfers In 20,758 65,750 - 86,508 92,202
Transfers Oui - (36,516) - (36,516) -
Total Transfers 20,758 29,234 - 49,992 92,202
Change In Net Position (1538,156) (443,126) (158,289) (2,139,571) 83,990
Net Position at Beginning of Year (as Restated) 21,017.289 12 591 051 384 635 33,992,975 4,332,638
Net Position at End of Year $ 19,479.133 $ 12,147,925 $ 226 346 $ 31,853,404 $ 4,416,628
Adjustment to Reflect the Consolidation of Internal Service Funds Activities
Related to Enterprise Funds (28,109)
Change in Net Position of Business -type Activities $ (2,167580)
See accompanying notes to financial statements. 23,
CITY OF DES PLAINES, ILLINOIS
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #6 (MANHEIM /HIGGINS) FUND
Year Ended December 31, 2013
With Comparative Actual Amounts from Year Ended December 31, 2012
2013
Variance from
Final Budget
Original and Positive 2012
Final Budget Actual (Negative) Actual
Revenues
Property Taxes $ 27,283 $ 7,104 $ (20,179) $ 60,122
Investment Income - 148 148 2
Miscellaneous - 3,147 3,147 -
Total Revenues . 27 283 10,399 (16,884) 60 124
Expenditures
Economic Development
Contractual Services 153,209 27,554 125,655 28,418
Commodities 52 138 (86) 51
Capital Outlay 2,000,000 - 2,000,000 -
Total Economic Development 2,153,261 27,692 2,125,569 28,469
Debt Service
Principal 725,000 725,000 - 280,000
Interest and Fiscal Charges 396,682 436,782 (40,100) 124,119
Total Debt Service 1,121,682 1,161,782 (40,100) 404,119
Total Expenditures 3,274,943 1,189,474 2,085,469 432,588
Excess (Deficiency) of Revenues
over(under) Expenditures (3,247,660) (1,179,075) 2,068,585 (372,464)
Other Financing Sources (Uses)
Transfer Out (62,515) (62,515) (55,483)
Issuance of Debt - 4,390,000 4,390,000
Premium on Bond Issuance 110,395 110,395
Total Other Financing Sources (Uses) (62,515) 4,437,880 4,500,395 (55,483)
Net Change In Fund Balances $ (3,310,175) 3,258,805 - $ - 6,568,980 (427,947)
Fund Balances at Beginning of Year (5,643,050) (5,215,103)
Fund Balances at End of Year $ (2,384,245) $ (5,643,050)
79.
NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds are governmental funds used to account for the proceeds of specific revenue
sources that are legally restricted to expenditures for particular purposes.
Motor Fuel Tax Fund — to account for the City's share of restricted state gasoline taxes. All
projects require the advance approval of the Illinois Department of Transportation.
Community Development Block Grant Fund - to account for the disbursement of the restricted
Federal Community Block Grant. Financing is provided by the Federal Government.
• Asset Seizure Fund — to account for the restricted monies received from the federal, state, and
county related to the seizure of assets by the Des Plaines Police Department.
• Foreign Fire Insurance Tax Fund — to account for restricted monies received from the foreign fire
insurance tax, and disbursements by the Foreign Fire Insurance Tax Board.
• TIF Tax Allocation #1 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located downtown.
• TIF Tax Allocation #3 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located near W ille Road.
• TIF Tax Allocation #4 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located near Five Corners.
• TIF Tax Allocation #5 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located near Lee and Perry Streets in downtown Des Plaines.
• Grant Funded Projects Fund — to account for restricted revenues and expenditures related to the
Public Safety, Capital and other miscellaneous grants.
Debt Service Funds are governmental funds used to account for the accumulation of resources and the
payment of general long -term debt principal, interest, and related costs.
• Debt Service Fund — to accumulate monies for payment of principal and interest on long -term
general obligation debt of governmental funds.
Capital Project Funds are used to account for the acquisition and construction of major capital facilities
other that those financed by proprietary funds and trust funds_
• Equipment Replacement Fund — to account for the acquisition of major capital equipment (rolling
stock).
• IT Replacement Fund — to account for the replacement of the City's computer and copier
equipment.
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Deferred Inflows of Resources
Deferred Property Tax Revenue
Unavailable Other Revenue
Total Deferred Inflows of Resources
CITY OF DES PLAINES, ILLINOIS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
December 31, 2013
8,446
8,446
Special Revenue Funds
Community
Motor Fuel Development Asset Foreign Fire TIF #1
Tax Block Grant Seizure Insurance Tax (Downtown)
ASSETS
Cash and Investments $ 445,361 $ 112,035 $ 1,588,258 $ 577,795 $ 3,907,840
Restricted Cash and Investments - - - - 3,052,746
Receivables (Net)
Property Taxes - - - - 4,779,687
Accrued Interest - - 174 -
Other - - 2,462 -
Due from Other Governments 146,047 24,719 4.397 -
TOTAL ASSETS $ 591,408 $ 136,754 $ 1,595,291 $ 577,795 $ 11,740,273
Accounts Payable $ 149,398 $ 23,920 $ 36,547 $ - $ 714,874
Accrued Liabilities - 2,689 - -
Deposits Payable - - 31,800 - 18,737
Advances from Other Funds - - - - -
Total Liabilities 149,398 26,609 68,347 - 733,611
85.
4,686,065
4,686.055
Fund Balances
Restricted
Economic Development - 101,699 - - 3,267,851
Streets & Highways 442,010 - - -
Public Safety - - 1,526,944 577,795 -
Debt Service - - - - 3,052,746
Assigned
Capital Acquisitions -
Unassigned -
Total Fund Balances 442,010 101,699 1,526E44 577,795 6,320,597
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES $ 591,408 $ 136,754 $ 1,595,291 $ 577,795 $ 11,740,273
Total
Nonmajor
TIF #3 TIF #4 TIF #5 Grant Funded Debt Equipment I.T. Govemmentat
(Wille Road) (Five Corners) (Pent' /Lee) Projects Service Replacement Replacement Funds
$ - $ 485,936 $ 87,353 $ 293,647 $ 464,693 $ 3,831,158 $ 481,657 $ 12,275,733
574,359 - - - - - - 3,627,105
624,634 24,549 114,284 - 107,056 - - 5,650,210
- - - - - - - 174
- - - - - - 2,462
- 541649 - - - 716,812
$ 1,198,993 $ 510,485 $ 201,637 $ 835,296 $ 571,749 $ 3,831,158 $ 481,657 $ 22,272,496
124 $ 25,879 $ 124 $ 281,456 $ $ 346,702 $ 36,414 $ 1,615,438
2,689
- - - - - - - 50,537
3 054,028 - - 3,054 028
3,054,152 25,879 124 281,456 346,702 36,414 4,722,692
624,634
624,634
484,606 87,229 - - - 3,941,385
- - 12,191 - - - 454,201
- - - - - 2,104,739
574,359 - - - 465,275 - - 4,092,380
(3,054,152)
(2,479,793)
Special Revenue Funds
484,606
Debt Service
Fund
Capital Projects Funds
114,284 - 106,474 5,531,457
541,649 - - - 550,095
114,284 541,649 106,474 - - 6,081,552
87,229 12,191
3,484,456 445,243 3,929,699
(3,054,152)
465,275 3,484,456 445,243 11,468,252
$ 1,198,993 $ 510,485 $ 201,637 $ 835,296 $ 571,749 $ 3,831,158 $ 481,657 $ 22 272 496
CITY OF DES PLAINES, ILLINOIS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
Year Ended December 31, 2013
Special Revenue Funds
Community
Motor Fuel Development Asset Foreign Fire TIF #1
Tax Block Grant Seizure Insurance Tax (Downtown)
Revenues
Taxes $ - $ - $ - $ 98,828 $ 4797,868
Intergovernmental 1,682,991 260,353 - -
Fines, Forfeitures and Penalties - - 126,876 -
Investment Income 248 - 1,095 3,330 1,071
Miscellaneous - - - - 2,144
Total Revenues 1,683,239 269353 127,971 102,158 4,801,083
Expenditures
Current:
General Government - 44 -
Public Safety - 123,521 67,934 -
Streets and Highways 1,153,091 - - -
Economic Development - 206,897 - 1,093,611
Debt Service
Principal - - - - 1.930,565
Interest and Fiscal Charges - - 362,765
Capital Outlay 774,216 54,722 281,408 3,014,901
Total Expenditures 1.927,307 261,619 404,973 67.934 6,402,142
Excess (Deficiency) of Revenues
over (under) Expenditures (244,068) (1,266) (277,002) 34,224 (1 601,059)
Other Financing Sources (Uses)
Transfers In - - - - -
Transfers Out - - - (394,232)
Issuance of Debt - - 2,990,000
Premium on Bond Issuance - - 90,118
Total Other Financing Sources (Uses) - 2,685,886
Net Change In Fund Balances (244,068) (1,266) (277,002) 34,224 1,084,827
Fund Balances at Beginning of Year 686,078 102,965 - 1,803,946 543,571 5,235,770
Fund Balances at End of Year $ 442 $ 101.699 $ 1,526,944 $ 577,795 $ 6,320,597
87.
Special Revenue Funds
Debt Service
Fund
Capital Projects Funds
Total
Nonmajor
TIF #3 TIF #4 TIF #5 Grant Funded Debt Equipment I.T. Gavel ire nental
(Willa Road) (Five Comers) (Perry /Lee) Projects Service Replacement Replacement Funds
$ 489,100 $ 1,901 $ 94,586 $ - $ 107,682 $ - $ - $ 5,589,965
- 386,645 - - - 2,329,989
- - - - - 126,876
30 1 36 - - 17,994 26 23,831
405 - - - - 29,755 - 32,304
489.535 - 1,902 94,622 386,645 107.682 47,749 26 8,102,965
113,909 - 112,169 42,888 269,010
191,455
1,153,091
6,683 18,135 1,418 - - - 1,326,744
165,000 - 90,000 75,000 12,500 - 2273,365
409,744 - 19,736 30,690 - 822,935
- 45,482 - 773,708 - 1,536.438 150 982 6,631,857
581,427 63,617 111,154 887,617 105,690 1,661,107 193,870 12,668,457
(91,892) (61,715) (16,532) (500,972) 1,992 (1,613 358) (193,844) (4,565 492)
- - 408,386 - 2,000,000 125,000 2,533,386
(6,260) (45,360) - - - - - (445,872)
565,000 - - - - 3,555,000
14,532 - - - 104,650
573,272 (45,380) 408,386 - 2,000,000 125,000 5,747,164
481,380 (107,095) (16,532) (92,586) 1,992 386,642 (68,844) 1,181,672
(2,961,173) 591,701 103,761 104,777 463,283 3,097614 514,087 10,286,580
$ (2,479,793) $ 484,606 $ 87,229 $ 12,191 $ 465,275 $ 3.484,456 $ 445,243 $ 11,468,252
88,
Revenues
Property Taxes
Investment Income
Miscellaneous
Total Revenues
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfer Out
Issuance of Debt
Payment to Refunding Bond Escrow
Premium on Bond Issuance
Total Other Financing Sources (Uses)
Net Change in Fund Balance
Fund Balances at Beginning of Year
Fund Balances at End of Year
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #1 (DOWNTOWN) FUND
Year Ended December 31, 2013
With Comparative Actual Amounts from Year Ended December 31, 2012
$ 4,023,412
1,000
(192,100)
(192,100)
$ (2,535,982)
2013
Original and
Final Budget Actual
$ 4,797,868 $ 774,456
1,071 71
2,144 2,144
4,024,412 4,801,083 776,671
Expenditures
Economic Development
Salaries 5,000 6,469
Benefits 553 992
Contractual Services 1,157,376 535,673
Commodities 341,650 550,477
Capital Outlay 3,039,000 3,014,901
Total Economic Development 4,543,579 4,108,512
Debt Service
Principal 1,380,865 1,930,865
Interest and Fiscal Charges 443,850 362,765
Total Debt Service 1,824,715 2,293,630
Total Expenditures 6 368,294 6,402,142
Variance from
Final Budget
Positive
(Negative)
(2,343,882) (1,601,059) 742,823
(394,232) (202,132)
2,990,000 2,990,000
90,118 90,118
2,685,886 2,877,986
1,084,827 $ 3,620,809
5,235,770
$ 6,320,597
2012
Actual
$ 4,706,774
2,632
4,709,406
(1,469) 4,050
(439) 447
621,703 516,242
(208,827) 246,995
24,099 45,094
435,067 812,828
(550,000) 1,207,078
81,085 544,715
(468,915) 1,751,793
(33,848) 2,564,621
2,144,785
(474,826)
3,765,000
(3,746,382)
41,230
(414,978)
1,729,607
3,505,963
$ 5,235 770
91.
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #3 (WILLE ROAD) FUND
Year Ended December 31, 2013
With Comparative Actual Amounts from Year Ended December 31, 2012
2013
Variance from
Final Budget
Original and Positive
Final Budget Actual (Negative)
2012
Actual
Revenues
Taxes $ 505,679 $ 489,100 $ (16,579) $ 561,730
Investment Income 10 30 20 7
Miscellaneous - 405 405 -
Total Revenues 505,689 489,535 (16,154) 561,737
Expenditures
Economic Development
Contractual Services 10,006 6,683 3,323 3,444
Total Economic Development 10,006 6,683 3,323 3,444
Debt Service
Principal 165,000 165,000 - 161,000
Interest and Fiscal Charges 404,597 409,744 (5,147) 410,664
Total Debt Service 569,597 574,744 (5,147) 571,664
Total Expenditures 579,603 581,427 (1,824) 575,108
Excess (Deficiency) of Revenues
over (under) Expenditures (73,914) (91,892) (17 978) (13 371)
Other Financing Sources (Uses)
Transfers Out (6,260) (6,260) - (8,759)
Issuance of Debt 565,000 565,000 -
Premium on Bond Issuance 14,532 14,532 -
Total Other Financing Sources (Uses) (6 260) 573,272 579,532 (8,759)
Net Change in Fund Balance $ _80,174) 481,380 $ 561,554 (22,130)
Fund Balance at Beginning of Year (2,961,173) (2,939,043)
Fund Balance at End of Year $ (2,479,793) $ (2,961,173)
92.
Revenues
Taxes
Investment Income
Total Revenues
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #4 (FIVE CORNERS) FUND
Year Ended December 31, 2013
With Comparative Actual Amounts from Year Ended December 31, 2012
$
2013
Variance from
Final Budget
Original and Positive
Final Budget Actual (Negative)
2012
Actual
1,901 $ 1,901 $ 70,881
1 1 17
1,902 1,902 70,898
Expenditures
Economic Development
Contractual Services 70,896 18,135 52,761 15228
Commodities 5,000 - 5,000 4,215
Capital Outlay 450,000 45,482 404,518 454,383
Total Expenditures 525,896 63,617 462,279 473,826
Excess (Deficiency) of Revenues
over(under) Expenditures (525,896) (61,715) 464,181 (402,928)
Other Financing Sources (Uses)
Transfers Out (45,380) (45,380) (45,202)
Total Other Financing Sources (Uses) (45,380) (45 380) (45,202)
Net Change in Fund Balance $ (571,276) (107,095) $ 464,181 (448,130)
Fund Balance at Beginning of Year 591 701 1,039,831
Fund Balance at End of Year $ 484,606 $ 591,701
93,
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #5 (PERRY/LEE) FUND
Year Ended December 31, 2013
With Comparative Actual Amounts from Year Ended December 31, 2012
2013
Variance from
Final Budget
Original and Positive 2012
Final Budget Actual (Negative) Actual
Revenues
Taxes $ 105,655 $ 94,586 $ (11,069) $ 117,260
Investment Income - 36 36 26
Total Revenues 105,655 94,622 (11,033) 117,286
Expenditures -
Economic Development
Contractual Services 1,418 (1,416) 3,108
Total Economic Development - 1,418 (1,418) 3,108
Debt Service
Principal - 90,000 90,000 - 90,000
Interest and Fiscal Charges 19,712 19,736 (24) 20,349
Total Debt Service 109,712 109,736 (24) 110,349
Total Expenditures 109,712 111,154 (1,442) 113,457
Net Change in Fund Balance $ (4,057) (16,532) $ (12,475) 3,829
Fund Balance at Beginning of Year 103,761 99,932
Fund Balance at End of Year $ 87 229 $ 103 761
94.