May 18, 2022
To the Citizens of the Elk Grove Park District: The annual comprehensive financial report of the Elk Grove Park District, Illinois (District) for the fiscal year ended December 31, 2021, is hereby submitted as mandated by State Statutes. The District is required to issue annually a report of its financial position and activity presented in conformance with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by an independent firm of certified public accountants. Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests with the District. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position and results of operations of the various funds and account groups of the District. All disclosures necessary to enable the reader to gain an understanding of the District's financial activities have been included. The District has established a comprehensive set of internal controls that are designed to protect the District’s assets from loss, theft, or misuse. These internal controls are also used to compile sufficient reliable information for the preparation of the District’s financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the District’s framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatements. Generally accepted accounting principles, (GAAP) 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 letter of transmittal is designed to complement the MD&A and is meant to be read in conjunction with it. The District’s MD&A can be found immediately following the report of the independent auditors. This report includes all funds of the Elk Grove Park District (the primary government). The District provides a full range of services and facilities. These services include recreation programs, park management, capital development, and general administration. Additionally, the District operates a variety of facilities for all ages, including Pirates’ Cove and Rainbow Falls. Pirates’ Cove, built in 1980, is a unique theme park on 2.5 acres featuring a pirate ship, climbing wall, children’s play area, carousel, bumper boats, and other attractions for children ages 3-12. Rainbow Falls, which opened in 1986, renovated in 2005-2006, is a water theme park that includes a large pool, diving boards, five water slides, zero depth access, lazy river, and other water attractions. The District’s Fitness facility, located at the Pavilion, has over 95 cardio machines, extensive weight equipment, an indoor track and group exercise classes. The men’s and women’s locker rooms were updated with new, keyless lockers in 2017 and in 2019 the flooring was replaced with new Ecore athletic flooring made of recycled rubber. Indoor/ outdoor swimming pools were renovated in 2013, with the addition of a warm water therapy pool. A new pool deck floor was installed in 2017. These pools are included in a 140,000 square foot recreation center, which was updated in 2015.
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