Des Plaines TIF 6 Report FY 2019SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]
FY 2019
Name of Redevelopment Project Area (below):
Primary Use of Redevelopment Project Area*:
If "Combination/Mixed" List Component Types:
Tax Increment Allocation Redevelopment Act
Industrial Jobs Recovery Law
No Yes
Were there any amendments to the redevelopment plan, the redevelopment project area, or the State 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
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) (3)]
Please enclose the CEO Certification (labeled Attachment B).
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
Statement setting forth all activities undertaken in furtherance of the objectives of the redevelopment plan, including any project
implemented and a description of the redevelopment activities. [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 (labled 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 Agreement(s) (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 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 the municipality? [65 ILCS 5/11-74.4-5 (d) (8) (A) and
5/11-74.6-22 (d) (8) (A)]
If yes, please enclose any Official Statement (labeled Attachment I). If Attachment I is answered yes, then the Analysis
must be attached and (labeled Attachment J).
X
An 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 attachment I is yes, then Analysis MUST be attached and (labeled Attachment J).
X
Has a cumulative of $100,000 of TIF revenue been deposited 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 taxes revenue equal to or greater than $100,000 been made into the special tax
allocation fund? [65 ILCS 5/11-74.4-5 (d) (9) and 5/11-74.6-22 (d) (9)]
If yes, the audit report shall contain a letter from the independent certified public accountant indicating compliance or
noncompliance with the requirements of subsection (q) of Section 11-74.4-3 (labeled Attachment L).
X
A list of all intergovernmental agreements in effect to which the municipality is a part, and an accounting of any money transferred
or received by the municipality during that fiscal year pursuant to those intergovernmental agreements. [65 ILCS 5/11-74.4-5 (d)
(10)]
If yes, please enclose the list only, not actual agreements (labeled Attachment M).
X
Please utilize the information below to properly label the Attachments.
TIF 6 Mannheim Higgins
X
______
* Types include: Central Business District, Retail, Other Commercial, Industrial, Residential, and Combination/Mixed.
CBD
Mixed,Industrial,Com
mercial, Retail
Under which section of the Illinois Municipal Code was Redevelopment Project Area designated? (check one):
FY 2019
Special Tax Allocation Fund Balance at Beginning of Reporting Period (12,722,267)$
SOURCE of Revenue/Cash Receipts:
Revenue/Cash
Receipts for
Current Reporting
Year
Cumulative
Totals of
Revenue/Cash
Receipts for life
of TIF % of Total
Property Tax Increment 92,599$ 1,278,803$ 7%
State Sales Tax Increment -$ -$ 0%
Local Sales Tax Increment -$ -$ 0%
State Utility Tax Increment -$ -$ 0%
Local Utility Tax Increment -$ -$ 0%
Interest 25$ 545,162$ 3%
Land/Building Sale Proceeds 26,029$ 0%
Bond Proceeds -$ 16,650,249$ 86%
Transfers from Municipal Sources -$ 0%
Private Sources -$ 0%
Other (identify source _____________; if multiple other sources, attach
schedule) -$ 765,729$ 4%
All Amount Deposited in Special Tax Allocation Fund 92,624$
Cumulative Total Revenues/Cash Receipts 19,265,972$ 100%
Total Expenditures/Cash Disbursements (Carried forward from
Section 3.2)
1,294,783$
Transfers to Municipal Sources -$
Distribution of Surplus
Total Expenditures/Disbursements 1,294,783$
Net/Income/Cash Receipts Over/(Under) Cash Disbursements (1,202,159)$
Previous Year Adjustment (Explain Below)-$
.
FUND BALANCE, END OF REPORTING PERIOD*(13,924,426)$
* If there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
Previous Year Explanation:
SECTION 3.1 - (65 ILCS 5/11-74.4-5 (d)(5)(a)(b)(d)) and (65 ILCS 5/11-74.6-22 (d) (5)(a)(b)(d))
Provide an analysis of the special tax allocation fund.
TIF 6 Mannheim Higgins
FY 2019
TIF NAME:
Amounts Reporting Fiscal Year
Transfer out 3,000
3,000$
2. Annual administrative cost.
-$
3. Cost of marketing sites.
-$
-$
-$
Economic Development 688
688$
4. Property assembly cost and site preparation costs.
5. Costs of renovation, rehabilitation, reconstruction, relocation, repair or remodeling of existing public
or private building, leasehold improvements, and fixtures within a redevelopment project area.
6. Costs of the constructuion of public works or improvements.
1. Cost of studies, surveys, development of plans, and specifications. Implementation and
administration of the redevelopment plan, staff and professional service cost.
SECTION 3.2 A- (65 ILCS 5/11-74.4-5 (d) (5) (c) and 65 ILCS 5/11-74.6-22 (d) (5)(c))
Category of Permissible Redevelopment Cost [65 ILCS 5/11-74.4-3 (q) and 65 ILCS 5/11-74.6-10
(o)]
PAGE 1
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment project costs )
TIF 6 Mannheim Higgins
-$
-$
Debt Service 1,291,095
1,291,095$
-$
-$
-$
10. Capital costs.
7. Costs of eliminating or removing contaminants and other impediments.
8. Cost of job training and retraining projects.
9. Financing costs.
PAGE 2
SECTION 3.2 A
11. Cost of reimbursing school districts for their increased costs caused by TIF assisted housing
projects.
12. Cost of reimbursing library districts for their increased costs caused by TIF assisted housing
projects.
-$
-$
-$
-$
-$
-
-$
1,294,783$
17. Cost of day care services.
TOTAL ITEMIZED EXPENDITURES
13. Relocation costs.
14. Payments in lieu of taxes.
15. Costs of job training, retraining, advanced vocational or career education.
16. Interest cost incurred by redeveloper or other nongovernmental persons in connection with a
redevelopment project.
SECTION 3.2 A
PAGE 3
18. Other.
FY 2019
TIF NAME:
Name Service Amount
List all vendors, including other municipal funds, that were paid in excess of $10,000 during the current reporting year.
Section 3.2 B
Optional: Information in the following sections is not required by law, but would be helpful in creating fiscal
transparency.
TIF 6 Mannheim Higgins
FY 2019
TIF NAME:
FUND BALANCE BY SOURCE (13,924,426)$
Amount of Original
Issuance Amount Designated
1. Description of Debt Obligations
Bond Series 2003 C 2,250,000$
Bond Series 2004 B 7,500,000$
Bond Series 2009 A 5,430,000$ 2,764,247$
Bond Series 2011 A 250,000$ 51,874$
Bond Series 2013 4,390,000$ 1,263,292$
Bond Series 2014 2,020,000$ 696,020$
Total Amount Designated for Obligations 21,840,000$ 4,775,433$
2. Description of Project Costs to be Paid
0
Total Amount Designated for Project Costs -$
TOTAL AMOUNT DESIGNATED 4,775,433$
SURPLUS/(DEFICIT)(18,699,859)$
SECTION 3.3 - (65 ILCS 5/11-74.4-5 (d) (5d) 65 ILCS 5/11-74.6-22 (d) (5d)
Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period by source
TIF 6 Mannheim Higgins
FY 2019
TIF NAME:TIF 6 Mannheim Higgins
X Check here if 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:
Provide a description of all property purchased by the municipality during the reporting fiscal year within the
redevelopment project area.
SECTION 4 [65 ILCS 5/11-74.4-5 (d) (6) and 65 ILCS 5/11-74.6-22 (d) (6)]
TIF Name:
X
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 -$ -$ -$
Ratio of Private/Public Investment 0 0
Project 1*:
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
Select ONE of the following by indicating an 'X':
SECTION 5 - 20 ILCS 620/4.7 (7)(F)
PAGE 1
FY 2019
TIF 6 Mannheim Higgins
Page 1 is to be included with TIF report. Pages 2 and 3 are to be included ONLY if projects are listed.
1. NO projects were undertaken by the Municipality Within the Redevelopment Project Area.
2. The Municipality DID undertake projects within the Redevelopment Project Area. (If selecting this
option, complete 2a.)
2a. The total number of ALL activities undertaken in furtherance of the objectives of the redevelopment
plan:
LIST ALL projects undertaken by the Municipality Within the Redevelopment Project Area:
*PROJECT NAME TO BE LISTED AFTER PROJECT NUMBER
SECTION 6
FY 2019
TIF NAME:
Year redevelopment
project area was
designated Base EAV
Reporting Fiscal Year
EAV
2001 2,136,607$ 3,116,436$
X
SECTION 7
Provide information about job creation and retention:
Number of Jobs
Retained
Number of Jobs
Created
Description and Type
(Temporary or
Permanent) of Jobs Total Salaries Paid
-$
-$
-$
-$
-$
-$
-$
SECTION 8
Provide a general description of the redevelopment project area using only major boundaries:
EnclosedOptional Documents
Legal description of redevelopment project area
Map of District
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
-$
Overlapping Taxing District
Surplus Distributed from redevelopment
project area to overlapping districts
Check if the overlapping taxing districts did not receive a surplus.
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 the complete TIF report
Provide the base EAV (at the time of designation) and the EAV for the year reported for the redevelopment project area
List all overlapping tax districts in the redevelopment project area.
If overlapping taxing district received a surplus, list the surplus.
TIF 6 Mannheim Higgins
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 #6
The City of Des Plaines’ sixth TIF District was established in October, 2001. The
creation of this approximately 40.5 acre TIF District was in response to the City’s
desire to respond to the problem conditions within an important commercial
intersection within the City of Des Plaines and to revitalize the area. The Plan was
established to promote the development of potentially four (4) new hotels, and
separate redevelopment agreements were approved in 2007 and 2008 (each
agreement included two hotel projects). A commercial strip center was completed
in 2007 including Starbuck’s and Potbelly’s as tenants. Bonds were previously
issued in 2004 on behalf of this project in order to address land acquisition needs
within the area, which the City completed in 2007. The City refunded a portion of
debt in the reporting Fiscal Year.
However, due to current economic conditions, and restrictions in the capital
markets, the hotel projects have not been initiated, and the City undertook an
amendment to TIF 6 in order to remove certain properties south of Pratt Avenue
into an adjacent, newly created TIF 7. This will allow the City to evaluate new
projects utilizing a lower Base EAV and additional time to amortize project costs.
The City enlisted the participation of the taxing districts as part of an
intergovernmental agreement as part of the TIF #7 designation.
CITY OF DES PLAINES, ILLINOIS
BALANCE SHEET
GOVERNMENTAL FUNDS
December 31, 2019
TIF #6 Nonmajor Total
(Mannheim/ Grant Funded Capital Governmental Governmental
General Higgins)Gaming Tax Projects Projects Funds Funds
ASSETS
Cash and Investments 36,838,435$-$ 35,399,244$ 2,347,912$ 8,073,239$ 18,695,530$ 101,354,360$
Receivables (net)
Property Tax Receivable 24,268,873 113,072 - - 29,232 7,211,990 31,623,167
Other Taxes 1,041,519 - - - 142,577 - 1,184,096
Accounts Receivable 788,276 - - - 212,631 - 1,000,907
Accrued Interest 8,613 - - - - 22,635 31,248
Other 325,356 - - 96,043 - 202 421,601
Due from Other Governments 5,842,855 - 2,982,713 884,858 1,275,036 367,647 11,353,109
Advances to Other Funds 20,139,602 - - - - - 20,139,602
Due From Fiduciary Fund 10,558 -----10,558
TOTAL ASSETS 89,264,087$113,072$38,381,957$3,328,813$9,732,715$26,298,004$167,118,648$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts Payable 2,257,032$2 7 7$ 16,186,720$ 2,474,346$ 2,223,361$ 1,426,688$ 24,568,424$
Accrued Payroll 2,420,458 - - - - - 2,420,458
Accrued Liabilities 157,715 - - - 33 - 157,748
Deposits Payable 11,726 - - - 9,169 167,367 188,262
Due to Other Funds - - - - 1,503,241 - 1,503,241
Advances from Other Funds - 13,924,149 - - 20,575 6,001,599 19,946,323
Unearned Revenue 155,574 ----41,701 197,275
Total Liabilities 5,002,505 13,924,426 16,186,720 2,474,346 3,756,379 7,637,355 48,981,731
Deferred Inflows of Resources
Deferred Property Tax Revenue 24,244,258 113,072 - - 29,251 7,245,405 31,631,986
Unavailable Other Revenue 532,052 --927,489 --1,459,541
Total Deferred Inflows of Resources 24,776,310 113,072 -927,489 29,251 7,245,405 33,091,527
Fund Balances
Nonspendable
Long-Term Interfund Advances 20,139,602 - - - - - 20,139,602
Restricted
Economic Development - - - - - 6,046,772 6,046,772
Debt Retirement/Infrastructure - - 22,195,237 - - - 22,195,237
Streets and Highways - - - - - 1,201,159 1,201,159
Public Safety - - - - - 1,500,574 1,500,574
Debt Service - - - - 156,614 156,614
Assigned
Infrastructure 3,250,000 - - - 5,947,085 - 9,197,085
Capital Acquisitions 500,000 - - - - 8,502,748 9,002,748
Subsequent year's budget: appropriation
of fund balance 3,767,500 - - - - - 3,767,500
Unassigned 31,828,170 (13,924,426)-(73,022)-(5,992,623)11,838,099
Total Fund Balances 59,485,272 (13,924,426)22,195,237 (73,022)5,947,085 11,415,244 85,045,390
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES 89,264,087$113,072$38,381,957$3,328,813$9,732,715$26,298,004$167,118,648$
Major Governmental Funds
See accompanying notes to financial statements. 20.
CITY OF DES PLAINES, ILLINOIS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
Year-Ended December 31, 2019
TIF #6 Nonmajor Total
(Mannheim/ Grant Funded Capital Governmental Governmental
General Higgins)Gaming Tax Projects Projects Funds Funds
Revenues
Property Taxes 24,339,659$ 92,599$-$-$ 27,767$ 6,735,082$ 31,195,107$
Other Taxes 12,212,773 - 25,466,799 - 6,588,765 119,026 44,387,363
Licenses and Permits 3,822,654 - - - - - 3,822,654
Intergovernmental 23,403,701 - - 20,010,054 - 2,431,759 45,845,514
Charges for Services 5,636,997 - - - 1,241,013 - 6,878,010
Fines, Forfeitures and Penalties 1,115,938 - - - - 2,405 1,118,343
Investment Income 766,711 25 752,443 25,552 228,108 164,298 1,937,137
Miscellaneous 272,457 ---390,620 166,750 829,827
Total Revenues 71,570,890 92,624 26,219,242 20,035,606 8,476,273 9,619,320 136,013,955
Expenditures
Current
General Government 8,919,178 - 16,186,720 1,412,406 - 51,045 26,569,349
Public Safety 45,120,655 - - - - 130,880 45,251,535
Public Works 7,025,113 - - - 1,796,997 - 8,822,110
Streets and Highways 4,298,471 - - - - 1,182,495 5,480,966
Economic Development 383,382 688 - - - 3,171,854 3,555,924
Debt Service
Principal - 1,210,000 - - - 2,835,940 4,045,940
Interest and Fiscal Charges - 81,095 - - - 503,916 585,011
Capital Outlay ---12,643,348 10,554,468 5,521,837 28,719,653
Total Expenditures 65,746,799 1,291,783 16,186,720 14,055,754 12,351,465 13,397,967 123,030,488
Excess (Deficiency) of Revenues
over (under) Expenditures 5,824,091 (1,199,159)10,032,522 5,979,852 (3,875,192)(3,778,647)12,983,467
Other Financing Sources (Uses)
Proceeds from Sale of Capital Assets - - - - - 1,319,934 1,319,934
Transfer In 217,758 - - 713,088 7,900,000 2,832,394 11,663,240
Transfer Out (2,849,936)(3,000)(8,400,000)-(6,095,546)(174,000)(17,522,482)
Total Other Financing Sources (Uses)(2,632,178)(3,000)(8,400,000)713,088 1,804,454 3,978,328 (4,539,308)
Net Change in Fund Balances 3,191,913 (1,202,159)1,632,522 6,692,940 (2,070,738)199,681 8,444,159
Fund Balances at Beginning of Year 56,293,359 (12,722,267)20,562,715 (6,765,962)8,017,823 11,215,563 76,601,231
Fund Balances at End of Year 59,485,272$(13,924,426)$22,195,237$(73,022)$5,947,085$11,415,244$85,045,390$
Major Governmental Funds
See accompanying notes to financial statements. 22.
CITY OF DES PLAINES, ILLINOIS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
December 31, 2019
Community
Motor Fuel Development Asset Foreign Fire TIF #1
Tax Block Grant Seizure Insurance Tax (Downtown)
ASSETS
Cash and Investments 1,028,528$ -$ 1,168,005$ 493,891$ 7,094,856$
Receivables (Net)
Property Taxes - - - - 4,933,388
Accrued Interest - - - - -
Other - - 202 - -
Due from Other Governments 256,199 111,448 - - -
TOTAL ASSETS 1,284,727$ 111,448$ 1,168,207$ 493,891$ 12,028,244$
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts Payable 83,568$ 95,512$ 12,873$ 516$ 1,194,170$
Deposits Payable - - 148,135 - 19,232
Unearned Revenue - - - - -
Advances from Other Funds - 15,606 - - -
Total Liabilities 83,568 111,118 161,008 516 1,213,402
Deferred Inflows of Resources
Deferred Property Tax Revenue - - - - 4,966,803
Total Deferred Inflows of Resources - - - - 4,966,803
Fund Balances
Restricted
Economic Development - 330 - - 5,848,039
Streets & Highways 1,201,159 - - - -
Public Safety - - 1,007,199 493,375 -
Debt Service - - - - -
Assigned
Capital Acquisitions - - - - -
Unassigned - - - - -
Total Fund Balances 1,201,159 330 1,007,199 493,375 5,848,039
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES 1,284,727$ 111,448$ 1,168,207$ 493,891$ 12,028,244$
Special Revenue Funds
107.
Debt Service
Fund
Total
TIF #7 Nonmajor
TIF #3 TIF #5 (Mannheim/ Debt Equipment I.T. Facilities Governmental
(Wille Road)(Perry/Lee)Higgins South)Service Replacement Replacement Replacement Funds
-$ 198,522$ -$ 156,614$ 4,502,785$ 315,597$ 3,736,732$ 18,695,530$
2,056,312 170,919 51,371 - - - - 7,211,990
- - - - 22,635 - - 22,635
- - - - - - - 202
- - - - - - - 367,647
2,056,312$ 369,441$ 51,371$ 156,614$ 4,525,420$ 315,597$ 3,736,732$ 26,298,004$
277$ 119$ 6,353$ -$ 2,716$ 30,584$ -$ 1,426,688$
- - - - - - - 167,367
- - - - - - 41,701 41,701
3,572,788 - 2,413,205 - - - - 6,001,599
3,573,065 119 2,419,558 - 2,716 30,584 41,701 7,637,355
2,056,312 170,919 51,371 - - - - 7,245,405
2,056,312 170,919 51,371 - - - - 7,245,405
- 198,403 - - - - - 6,046,772
- - - - - - - 1,201,159
- - - - - - - 1,500,574
- - - 156,614 - - - 156,614
- - - - 4,522,704 285,013 3,695,031 8,502,748
(3,573,065) - (2,419,558) - - - - (5,992,623)
(3,573,065) 198,403 (2,419,558) 156,614 4,522,704 285,013 3,695,031 11,415,244
2,056,312$ 369,441$ 51,371$ 156,614$ 4,525,420$ 315,597$ 3,736,732$ 26,298,004$
Capital Projects FundsSpecial Revenue Funds
108.
CITY OF DES PLAINES, ILLINOIS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
Year-Ended December 31, 2019
Special Revenue Funds
Community
Motor Fuel Development Asset Foreign Fire TIF #1
Tax Block Grant Seizure Insurance Tax (Downtown)
Revenues
Taxes -$ -$ -$ 119,026$ 4,796,335$
Intergovernmental 1,914,684 279,354 237,721 - -
Fines, Forfeitures and Penalties - - 2,405 - -
Investment Income 30,348 - 756 1,986 47,930
Miscellaneous - - - - -
Total Revenues 1,945,032 279,354 240,882 121,012 4,844,265
Expenditures
Current:
General Government - - - - -
Public Safety - - 64,648 66,232 -
Streets and Highways 1,182,495 - - - -
Economic Development - 278,899 - - 2,715,186
Debt Service
Principal - - - - 1,210,940
Interest and Fiscal Charges - - - - 63,486
Capital Outlay 594,335 (7,962) 7,890 34,247 2,625,454
Total Expenditures 1,776,830 270,937 72,538 100,479 6,615,066
Excess (Deficiency) of Revenues
over (under) Expenditures 168,202 8,417 168,344 20,533 (1,770,801)
Other Financing Sources (Uses)
Proceeds from sale of capital assets - - 6,597 - -
Transfers In - - - - -
Transfers Out - - - - (119,000)
Total Other Financing Sources (Uses)- - 6,597 - (119,000)
Net Change in Fund Balances 168,202 8,417 174,941 20,533 (1,889,801)
Fund Balances at Beginning of Year 1,032,957 (8,087) 832,258 472,842 7,737,840
Fund Balances at End of Year 1,201,159$ 330$ 1,007,199$ 493,375$ 5,848,039$
109.
Debt Service
Fund
Total
TIF #7 Nonmajor
TIF #3 TIF #5 (Mannheim/ Debt Equipment I.T. Facilities Governmental
(Wille Road)(Perry/Lee)Higgins South)Service Replacement Replacement Replacement Funds
1,709,939$ 157,981$ 70,827$ -$ -$ -$ -$ 6,854,108$
- - - - - - - 2,431,759
- - - - - - - 2,405
594 56 66 - 80,602 1,960 - 164,298
- - - - - - 166,750 166,750
1,710,533 158,037 70,893 - 80,602 1,960 166,750 9,619,320
- - - - 600 50,445 - 51,045
- - - - - - - 130,880
- - - - - - - 1,182,495
70 52,500 125,199 - - - - 3,171,854
1,475,000 100,000 - - 50,000 - - 2,835,940
432,561 7,869 - - - - - 503,916
- - 724,418 - 1,154,955 190,299 198,201 5,521,837
1,907,631 160,369 849,617 - 1,205,555 240,744 198,201 13,397,967
(197,098) (2,332) (778,724) - (1,124,953) (238,784) (31,451) (3,778,647)
- - 287,477 - 147,685 - 878,175 1,319,934
- - - - 1,500,000 250,000 1,082,394 2,832,394
(6,000) - (49,000) - - - - (174,000)
(6,000) - 238,477 - 1,647,685 250,000 1,960,569 3,978,328
(203,098) (2,332) (540,247) - 522,732 11,216 1,929,118 199,681
(3,369,967) 200,735 (1,879,311) 156,614 3,999,972 273,797 1,765,913 11,215,563
(3,573,065)$ 198,403$ (2,419,558)$ 156,614$ 4,522,704$ 285,013$ 3,695,031$ 11,415,244$
Capital Projects FundsSpecial Revenue Funds
110.
Variance from
Final Budget
Original and Positive 2018
Final Budget Actual (Negative)Actual
Revenues
Property Taxes 5,227,047$ 4,796,335$ (430,712)$ 4,670,662$
Investment Income 10,000 47,930 37,930 40,410
Total Revenues 5,237,047 4,844,265 (392,782) 4,711,072
Expenditures
Economic Development
Contractual Services 2,250,210 2,552,666 (302,456) 1,392,976
Commodities 82,650 162,520 (79,870) 48,463
Capital Outlay 6,567,000 2,625,454 3,941,546 1,291,635
Total Economic Development 8,899,860 5,340,640 3,559,220 2,733,074
Debt Service
Principal 1,210,940 1,210,940 - 1,167,152
Interest and Fiscal Charges 63,522 63,486 36 91,649
Total Debt Service 1,274,462 1,274,426 36 1,258,801
Total Expenditures 10,174,322 6,615,066 3,559,256 3,991,875
Excess (Deficiency) of Revenues
over (under) Expenditures (4,937,275) (1,770,801) 3,166,474 719,197
Other Financing Sources (Uses)
Transfer Out (119,000) (119,000) - (112,000)
Total Other Financing Sources (Uses)(119,000) (119,000) - (112,000)
Net Change in Fund Balance (5,056,275)$ (1,889,801) 3,166,474$ 607,197
Fund Balance at Beginning of Year 7,737,840 7,130,643
Fund Balance at End of Year 5,848,039$ 7,737,840$
2019
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, 2019
With Comparative Actual Amounts for the Year-Ended December 31, 2018
113.
Variance from
Final Budget
Original and Positive 2018
Final Budget Actual (Negative)Actual
Revenues
Taxes 1,718,090$ 1,709,939$ (8,151)$ 1,559,498$
Investment Income 100 594 494 226
Total Revenues 1,718,190 1,710,533 (7,657) 1,559,724
Expenditures
Economic Development
Contractual Services 10,470 70 10,400 2,243
Total Economic Development 10,470 70 10,400 2,243
Debt Service
Principal 1,475,000 1,475,000 - 1,550,000
Interest and Fiscal Charges 432,013 432,561 (548) 471,953
Total Debt Service 1,907,013 1,907,561 (548) 2,021,953
Total Expenditures 1,917,483 1,907,631 9,852 2,024,196
Excess (Deficiency) of Revenues
over (under) Expenditures (199,293) (197,098) 2,195 (464,472)
Other Financing Sources (Uses)
Refunding Bonds Issued - - - 12,410,000
Premium on Refunding Bonds Issued - - - 297,149
Payment to Refunded Bond Escrow Agent - - - (12,599,628)
Transfers Out (6,000) (6,000) - (6,000)
Total Other Financing Sources (Uses)(6,000) (6,000) - 101,521
Net Change in Fund Balance (205,293)$ (203,098) 2,195$ (362,951)
Fund Balance at Beginning of Year (3,369,967) (3,007,016)
Fund Balance at End of Year (3,573,065)$ (3,369,967)$
2019
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, 2019
With Comparative Actual Amounts for the Year-Ended December 31, 2018
114.
Variance from
Final Budget
Original and Positive 2018
Final Budget Actual (Negative)Actual
Revenues
Taxes 156,591$ 157,981$ 1,390$ 156,591$
Investment Income - 56 56 16
Total Revenues 156,591 158,037 1,446 156,607
Expenditures
Economic Development
Contractual Services 400 - 400 2,163
Capital Outlay 75,000 52,500 22,500 -
Total Economic Development 75,400 52,500 22,900 2,163
Debt Service
Principal 100,000 100,000 - 105,000
Interest and Fiscal Charges 7,875 7,869 6 10,231
Total Debt Service 107,875 107,869 6 115,231
Total Expenditures 183,275 160,369 22,906 117,394
Net Change in Fund Balance (26,684)$ (2,332) 24,352$ 39,213
Fund Balance at Beginning of Year 200,735 161,522
Fund Balance at End of Year 198,403$ 200,735$
With Comparative Actual Amounts for the Year-Ended December 31, 2018
2019
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, 2019
115.
Variance from
Final Budget
Original and Positive 2018
Final Budget Actual (Negative)Actual
Revenues
Taxes 68,378$ 70,827$ 2,449$ 65,391$
Investment Income - 66 66 27
Total Revenues 68,378 70,893 2,515 65,418
Expenditures
Economic Development
Contractual Services 28,670 122,424 (93,754) 215,755
Commodities - 2,775 (2,775) -
Capital Outlay - 724,418 (724,418) 1,254,126
Total Expenditures 28,670 849,617 (820,947) 1,469,881
Excess (Deficiency) of Revenues
over (under) Expenditures 39,708 (778,724) (818,432) (1,404,463)
Other Financing Sources (Uses)
Proceeds from sale of capital assets - 287,477 287,477 -
Transfers Out (49,000) (49,000) - (48,000)
Total Other Financing Sources (Uses)(49,000) 238,477 287,477 (48,000)
Net Change in Fund Balance (9,292)$ (540,247) (530,955)$ (1,452,463)
Fund Balance at Beginning of Year (1,879,311) (426,848)
Fund Balance at End of Year (2,419,558)$ (1,879,311)$
2019
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #7 (MANNHEIM/HIGGINS SOUTH) FUND
Year-Ended December 31, 2019
With Comparative Actual Amounts for the Year-Ended December 31, 2018
116.
20.
INDEPENDENT ACCOUNTANT’S REPORT
To the Honorable Mayor
and Members of the City Council
City of Des Plaines, Illinois
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, 2019. Management of the City is responsible for the City’s compliance with the
specified requirements. Our responsibility is to express an opinion on the City’s compliance with the
specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants. Those standards require that we plan and perform the examination
to obtain reasonable assurance about whether the City complied, in all material respects, with the specified
requirements referenced above. An examination involves performing procedures to obtain evidence about
whether the City complied with the specified requirements. The nature, timing, and extent of the procedures
selected depend on our judgment, including an assessment of the risks of material noncompliance, whether
due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a
reasonable basis for our opinion.
Our examination does not provide a legal determination on the City’s compliance with specified
requirements.
In our opinion, the City complied with the aforementioned requirements for the year ended December 31,
2019, in all material respects.
Crowe LLP
Oak Brook, Illinois
June 19, 2020