Recreation - Special Revenue Fund

Recreation Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2021

Revenues Taxes Charges for Services Grants and Donations Interest Income Miscellaneous

Total Revenues

Expenditures Culture and Recreation

Net Change in Fund Balance

Fund Balance - Beginning

Fund Balance - Ending Budget Original Final Actual

$ 2,864,788 2,864,788 2,887,665 4,602,106 4,602,106 3,377,320 7,900 7,900 16,410 15,000 15,000 4,986 227,220 227,220 168,471 7,717,014 7,717,014 6,454,852

7,291,321 7,291,321 5,811,093

425,693 425,693 643,759

3,726,093

4,369,852

OTHER SUPPLEMENTARY INFORMATION

Other supplementary information includes financial statements and schedules not required by the GASB, nor a part of the basic financial statements, but are presented for purposes of additional analysis.

Such statements and schedules include:

• Budgetary Comparison Schedules - Major Governmental Funds

• Combining Statements - Nonmajor Governmental Funds

• Budgetary Comparison Schedules - Nonmajor Governmental Funds

GENERAL FUND

The General Fund is used to account for all financial resources except those required to be accounted for in another fund.

SPECIAL REVENUE FUNDS

The Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than fiduciary funds or capital projects funds) that are legally restricted to expenditure for specified purposes.

Recreation Fund

The Recreation Fund is used to account for revenues and expenditures related to the establishment and maintenance of the following activities: sports and fitness, visual and performing arts, youth and adult general interest, camps, teens, preschoolers, seniors and aquatics.

Associations Fund

The Associations Fund is used to account for revenues received for the purpose of athletic association expenditures.

Paving and Lighting Fund

The Paving and Lighting Fund is used to account for revenues and expenditures related to the construction, maintenance and lighting of streets, roadways, pathways and parking lots maintained by the District.

Audit Fund

The Audit Fund is used to account for revenues received for payment of audit expenditures.

Liability Insurance Fund

The Liability Insurance Fund is used to account for revenues received for payment of liability insurance expenditures.

Illinois Municipal Retirement Fund

The Illinois Municipal Retirement Fund is used to account for revenues received for the purpose of funding the plan and the related expenditures paid.

SPECIAL REVENUE FUNDS - Continued

Police Protection Fund

The Police Protection Fund is used to account for revenues received for the payment of police services for the parks and facilities.

Social Security Fund

The Social Security Fund is used to account for revenues received for the payment of Social Security and Medicare taxes.

Special Recreation Fund

The Special Recreation Fund is used to account for revenues and expenditures related to the provision of recreational services for disabled individuals.

Museum Fund

The Museum Fund is used to account for revenues received for the purpose of the maintenance and operations of the museum.

Golf Course Fund

The Golf Course Fund is used to account for the District’s 18-hole golf course with full pro-shop.

DEBT SERVICE FUND

The Debt Service Fund is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest.

CAPITAL PROJECTS FUND

The Capital Projects Fund is used to account for all resources used for the acquisition of capital assets by the District not specifically accounted for in other funds.