Popular Annual Financial report – 2017 report

Page 1

Village of Buffalo Grove, IL A Citizens Guide to Local Financial Activities Fiscal Year Ending December 31, 2017

Daft

2017


www.vbg.org

Your Elected Officials

A Message From the Village President “The Village of Buffalo Grove’s

Jeffery Berman, Trustee

greatest resource is its volunteers. They donate endless hours to make our community great!”

It is with great pleasure that the Village of Buffalo Citizen’s Guide to Local Financial Activities” for the fiscal year ended December 31, 2017. It is my desire to deliver the residents of Buffalo Grove an overview of the Village’s progress and financial performance that is transparent and easily understood. This report summarizes the financial activities of the Village and is not intended to replace the Comprehensive Annual Financial Report (CAFR).

The full

disclosure financial statements, or CAFR, can be found on the Village’s website at www.VBG.Org.

Looking for meeting information, to contact elected officials, review financial information

Buffalo Grove Public Works received the Excellence in Operations Management Award in 2017 from Cartegraph. The award highlights local government bodies that demonstrate forward-thinking through daily operations and practice organizational efficiency on an ongoing basis. Public Works received the award at Cartegraph’ s national conference in Denver, CO. The Public Works Department has been using Cartegraph’ s software since 2014 to collect citizen requests, assign tasks to employees, and manage work in the field. This technology has also enabled the department to proficiently track time, materials, and labor costs associated with tasks performed by Public Works.

has been derived from the audited financial statements and conforms to generally accepted

behalf of the Village.)

Information and data contained in the 2017 guide to local financial activities will provide the reader a snapshot of the challenges and opportunities the Village of Buffalo Grove is managing today and into the future. Steve Trilling, Trustee Sincerely,

Beverly Sussman Village President

1

brings all of this information and more at the click of a mouse. Village-Transparency

Through data analysis, the department realized it could use a stronger anti-icing liquid blend in a lower quantity saving $500 dollars per application, with fewer trips to reload tanks and less time spent making salt brine, contributed to the cost savings.

summarized financial and trend data. The presentation of financial information in the report

provide open communication with its residents and businesses. It is my hope that the

ency Portal web page

http://www.vbg.org/817/

Tom Milas, Forestry Division Supervisor accept award on

The Village will continue to make financial presentation and transparency a priority and

request

to the Village’s Transpar-

(RIGHT: Steve Fritz, Public Works Management Analyst and

Andrew Stein, Trustee

or

public records? One visit

The analysis conducted within this report outlines growth drivers, capital projects, and

accounting principles (GAAP) and related reporting standards.

David Weidenfeld, Trustee

Public Records

Grove elected officials and I provide the annual “A

Joanne Johnson, Trustee

Lester Ottenheimer, Trustee

Buffalo Grove Nationally Recognized by Cartegraph as Industry Leader

The Village of Buffalo Grove Welcomes Trustee Eric Smith Buffalo Grove welcomed

Did You Know?

Eric Smith to the Village

Buffalo Grove is home to over 40 recreational facilities! This includes two golf courses, a golf dome, pool, museum, spray and play, parks, ball fields, art center and other great recreational spaces.

Board in July 2017.

He

previously served the Village on the Planning and Zoning Commission and Village

Board.

Smith

replaced

The Village Clerk and Deputy Village Clerk maintain all of the

Trilling

on

Village’s official records, meeting minutes and documents on behalf

Board.

of our residents. In addition, a range of services including business

served

and liquor licensing, voter registration and municipal code updates

Buffalo Grove in multiple

are provided daily.

capacities for 24 years,

Village Clerk’s Office

the

Trustee Steve Village

Trustee Trilling the

Village

of

The last 15 on the Village Contact the Village Clerk’s office at (847) 459-2511.

2

Board. The Village thanks him for his service.


Pay with Credit and Debit Cards at the Village of Buffalo Grove All licenses, fees, fines, registrations, permits, and bills can be paid via credit card. All credit card transactions are subject to a convenience fee of $1.80 per water payment and 2.39% for all other transactions. The fee is processed by the third party credit card provider. The Village currently accepts Visa, MasterCard, and Discover.

Follow the Village of Buffalo Grove on Social Media The Village of Buffalo Grove has joined social media! Find out about special events news updates, and more by following us on Twitter, liking us on Facebook, and adding us on LinkedIn. Always know what is happening in your Village by tuning in through social media.

Enjoying Buffalo Grove

Quality of Life in Buffalo Grove The Village of Buffalo Grove is located approximately 33 miles northwest of downtown Chicago and 20 miles north of O’Hare International Airport. The Village’s land area is 9.3 square miles, with 21.7 percent of the area in Cook County and 78.3 percent in Lake County. Neighboring Buffalo State of United States communities include Comparative Data Arlington Heights, (Source: US Census) Grove Illinois of America Lincolnshire, Long Median Income $101,376 $59,196 $55,322 Grove, Riverwoods, $299,600 $174,800 $184,700 Vernon Hills and Median Home Value Homeownership Rate 78.9% 66.0% 63.6% Wheeling. The Village’s current popula- Unemployment % 3.7% 4.7% 3.9% tion is 41,226 (2017 Persons in Poverty 4.80% 13.00% 12.70% US Census estimate). Buffalo Grove was incorporated in 1958 and experienced strong growth in population and land area for several decades. The Village’s Comprehensive Plan projects the Village’s land area could reach approximately 11.2 square miles. The Village has ex- Buffalo Grove Stats 2017 2016 2015 cellent transportation Population 41,226 41,500 41,503 access for residents, Income Per Capita $47,023 $46,983 $46,517 businesses, employees and Expenditures Per Capita $1,559 $1,774 $1,655 visitors. The Village General Bonded Debt Per Capita $348.45 $376.87 $245.82 is served by the 2.76 mi 11.40 mi 2.45 mi Metra North Central Streets Resurfaced rail line connecting to downtown Chicago and O’Hare airport. Pace bus service provides access to adjacent communities, the Metra Milwaukee District North rail line and the Skokie Swift CTA Yellow Line. The regional road system serving the Village includes Aptakisic Road, Buffalo Grove Road, Lake Cook Road, and state routes 21, 22, 45 and 68, with direct links to Route 53 and Interstate 94. The Village’s commercial base Buffalo Grove Land Use includes several corporate busiVacant ness parks, a diverse retail sec1% tor and a wide range of professional services, including medical facilities. The Village’s resi- Single Family dential areas include single- Dettached 44% family neighborhoods, townhomes, condominiums and apartments. The housing stock is very diverse, with units of different sizes and designs Single available at various price points Family Attached to serve the community’s popu9% lation.

Right-of-way 6%

Parks and Open Space 14% Public 4% Industrial 11%

Office 2% Commercial 5% Multiple Family 4%

The Village is served by four elementary school districts and two high school districts, all of which consistently receive acknowledgement for providing high quality education for children and young adults in the community. Buffalo Grove is served by two library districts and two park districts. The Village has over 800 acres of parks and open space, including two municipal golf courses and a substantial bike path and sidewalk network. Numerous opportunities for cultural and entertainment activities are available for residents and visitors.

Buffalo Grove Days - Labor Day Weekend Enjoy food, fun, music, carnival

and

more at this five-day cel-

From January through December, Buffalo Grove offers many opportunities to enjoy community.

ebration. Located at Mike Rylko Park 801 McHenry Rd

Buffalo

Grove,

IL

60089. Buffalo Grove residents place a high priority on quality events and programs for their families. During the warmer summer months, many events are going on throughout the Village, such as:           

Did You Know? Buffalo Grove boasts more than 800 acres of parks

Rotary Village Green concerts and open space —or 834 Lawn Chair Lyrics square feet of space per Movies Under the Stars Farmer’s Market person. That’s 4.5 times Green Fair more than Chicago! Buffalo Grove Symphonic Band Buffalo Grove Singers Buffalo Grove Days National Night Out Fourth of July Fireworks Golf at Buffalo Grove and Arboretum Golf Courses

And, in the winter, there is plenty more to do inside, with many sports and extracurricular activities offered by the Buffalo Grove Park District, Buffalo Grove Recreation Association, township, library and local school district programs.

The Salt Institute Awards Buffalo Grove Excellence in Safe and Sustainable Salt Storage This honor

has been

presented to the Village

Farmers Market

of Buffalo Grove for 29

June to October

years in a row for its excellence

in

the

Ranked Illinois’ best Farmer’s Market, come out to Mike

management

Rylko Park on Sundays from 8:00 AM to 12:30 PM for the

administration of public

best in local food!

works salt storage operations

while

and

promoting

best practices that minimize environmental impacts.

3

games,

4


Community Development & Local Economy Woodman’s Food Market Headed to Buffalo Grove

The Workforce and Business Activity Businesses and Employers in the Village The Village of Buffalo Grove is home to many businesses and industries. The top ten employers in the Village in the chart are listed below.

Top Ten Employers

Buffalo Grove Police Department Awarded 2017 Illinois Traffic Safety Challenge 2nd Place The Buffalo Grove Police Department was awarded second place in the championship class by the Illinois Chiefs of Po-

Example Photo of Woodman’s Latest Store in Sun Prairie, WI Woodman’s Food Markets and Shorewood Development Group are proceeding with plans for a 25-acre commercial development at the northwestern corner of Deerfield Parkway and Milwaukee Avenue. The development will be anchored by a 242,000 square foot Woodman’s Food Market set to open in August 2018. Woodman’s is also building a fuel center, convenience store, quick lube and carwash on the north side of Deerfield Parkway. Additional commercial and retail developments would occupy the remaining 7-acres at the southwest corner of the intersection, which would be developed by Shorewood Development Group

lice Traffic Safety Challenge for the Municipal Category Illinois

51-65. Traffic

The Safety

Challenge is a competition between

Therm Flo Inc. and Zonatherm Headquarters move to Buffalo Grove

agencies.

The challenge serves as a template for law entraffic

1,800

I.S.I

1,200

ESS

550

Plexus Corporation

370

Veritas Document Solutions

300

ARxIUM, Inc

200

Leica Microsystems, Inc

200

Vapor Bus Direct

200

Crosscom National, LLC

170

*4 others tied for 10th

150

issues,

community

communities. The com-

management.

petition challenges offic-

other areas of enforcement.

The Vil-

department,

Safety, Commercial Ve-

Speed Awareness and

forestry

lage maintains a forestry

ers on Bike/Pedestrian

Driving,

Buffalo

Grove for its dedication to

the quality of life in their

Impaired

Buffalo Grove Wins Tree City USA Award for 30th Consecutive Year

the Village of

social harm and improve

ing,

The Village of Buffalo Grove website houses a host of financial data, including the full fiscal year 2017 CAFR, at www.vbg.org. Current and historical financial reports, budgets, treasurers reports and other financial information can be found there as well.

Tree City USA recognized

plan strategies, reduce

hicles, Distracted Driv-

Financial Reports, Budget, and more on Village Website

Development and Business Activity

- Metro Storage is currently under construction for a new 3-story, 116,000 square foot self-storage building on the vacant lot located at the southwest corner of Busch Parkway and Deerfield Parkway. (Pictured below)

forcement agencies to identify

Siemens Building Technologies

The Village of Buffalo Grove Community Development Department was busy again in 2017: - Sky Fitness, located at 1501 Busch Parkway, was recently approved for a 40,000 square foot addition to the existing building. The addition will include new lockers rooms, club area and outdoor pool. Construction is expected to begin in Spring/Summer of 2018.

similar

size and type law enforcement

Number of Employees

community tree ordinanc-

Therm Flo Inc. and its sister company Zonatherm Products have recently completed construction on their new 40,437 square foot office and warehouse building located at 875 Busch Parkway. The Village welcomes this new business, as it continues to grow the Village’s industrial park footprint.

es,

spends

over

two

dollars per capita on trees and Day.

5

has

6

celebrates Arbor


Where Do Village Resources Come From?

How are Village Resources Expended? 2017 Governmental Funds Expenditures by Function

2017 General Fund Revenue by Source Miscellanous 4%

Interest < 1%

$25,776,184

Intergovernmental

26%

Property Tax 35%

licenses and Permits 1%

Village of Buffalo Grove wins 35th Consecutive CAFR Award The Village of Buffalo Grove received its 35th consecutive Certificate of Achievement

for

Excellence in Financial Reporting.

The award

criteria are based on the presentation

of

the

annual financial report in a manner that provides transparency

and

full

$8,081,425

Other Taxes 23%

Fines and Fees 7% Charges for Services 4%

$1,676,609

Public Safety

The Village relies on various tax sources as they make up 58.5 percent of the total revenue into the Village. These revenues give the Village the ability to provide essential public services. The chart below shows the actual amounts the Village collected for each revenue source for the general fund. Miscellaneous income is mostly comprised of one-time, extra ordinary items and grant funds. Property and other taxes support core services including Public Safety and Public Works. The Village revenue sources fund are fairly consistent year over year. Property taxes, other taxes, licenses & permits, Intergovernmental, and interest all fluctuated one percent or less from 2016 to 2017. Charges for service increased 20 percent in the general fund. Fines and Fees grew by 64.7 percent due to Community Development increases for building fees. Miscellaneous revenue dropped 44.4 percent. This is attributable to one time revenues collected in 2016 unavailable in 2017.

Debt Service

$5,774,748

Village of Buffalo Grove wins 6th Consecutive Distinguished Budget Award

$1,362,213

Capital Outlay

Public Works

General Government

The Village allocates a significant amount of resources to core services like Police, Fire, and Public Works. The graphs on this page show how the Village has allocated its resources in fiscal year 2017. The bar graph provides a visual based on how many actual dollars were spent on each function. Public Safety and Public Works combine for $33,857,609, or 79.3 percent of the total governmental funds expenditures. The general government expenditures are times less than Public Safety and Public Works. The General Government includes: Office of the Village Manager, Finance Department, Human Resources, and Community Development. Capital outlay is comprised of facilities development and road improvement costs, while debt service spending is related to infrastructure improvements already made. When those amounts are allocated with the total expenditures for Public Safety and Public Works the totals $36,896,431, or 86.5 percent of the total governmental funds expenditures.

disclosure of the entity’s

accepted

accounting

principles.

The

has

Village

also

complied

with

Governmental ing

Account-

Standards

Board

standards as they have changed the manner in

16 14 12 10 8 6 4 2 -

are

and disclosed.

Budgeted Employment by Department 2017

Governmental Activities Revenue by Source $15,510,127

Budget

Award for 2017 method

for

which

The the

Village of Buffalo Grove budget is compiled takes into account the guidelines provided by the Na-

Finance Officers Association’s best practices on budgeting.

$9,854,706 $6,524,318

87

Police Department $1,572,111

$1,271,602

2017 2016

61

Fire Department

59

Public Works

shows the continued success of Village staff to produce a high quality document that is fiscally responsible. This is the

35

that is bestowed on a community

This is

The award

highest budgetary honor

Golf

presented

28

Administration

the highest honor from

Government

from

7

8

the

Finance

Officers Association.

the Government Finance Officers Association.

Distinguished

ing and the Government

$10,613,315

which post employment benefits

row being awarded the

State and Local Budget-

2017 vs. 2016 General Fund Revenue (in millions)

report goes beyond the generally

goal for the fifth year in a

tional Advisory Council on

fiscal year. Providing this minimum requirements of

The Village achieved its


Infrastructure and General Services

Public Safety Services Emergency Management Agency The Village maintains an emergency management agency to provide response to natural or man -made disasters in our community.

Working

throughout the year and behind the scenes, EMA volunteers prepare for worst

case

events,

scenario

network

with

other EMA local and regional agencies and provide support services to other events throughout the Chicagoland area. The

Emergency

Man-

agement Director is Fire Chief Mike Baker.

Reverse 911 Do you want the Village to be able to contact you in the event of a community emergency?

If so,

make sure to sign up through

the

Village’s

Public safety is a high priority for the Village and its residents. Comprising 55 percent of Village employees, the Buffalo Grove Fire and Police Departments provide the highest quality safety services to residents and businesses. Some of the programs offered by the departments include:

                

Coffee with a Cop Infant/Child Seat Safety Checks Home Security Inspections School Crossing Guards School Resource Officers Citizen & Junior Police Academies Bicycle Registration Care Trak Program Premise Alert Notifications K-9 Police Social Worker CPR Classes School Fire Drills Smoke Education Trailer Open House Block Parties Station Tours

Fire Department Ambulance Calls

Number 3,201

Service Calls

293

Fire Calls

1,082

Auto Aid/MABAS

1,045

Police Department Physical Arrests

Number 441

Adjudication Citations

6,781

Traffic Citations

5,310

DUI Arrests Vehicle Crash Responses

87 1,294

As a full service organization, the Village of Buffalo Grove provides critical water, wastewater, storm water, street, pedestrian and pathway, forestry and grounds maintenance services. With a dedicated staff of professional maintenance personnel, the Public Works Department provides around the clock infrastructure services, ranging from maintenance of Village facilities to providing clean, high-quality Lake Michigan water. Always there to serve, public works professionals strive to maintain a clean, attractive and high-functioning network of streets, sewers, mains and paths.

Everbridge-Citizen-

Did you know? The Village of Buffalo Grove Maintains 114.02 miles of street and has resurfaced 30.73 miles in the last 5 years.

email,

text

and

phone

alerts, and your contact information will never be sold or used for another purpose.

Village

of

Buffalo

Grove was awarded its third Popular Annual FinanReporting

(PAFR)

Award for the fiscal year 2016.

The PAFR is a

summary

of

Comprehensive

the Annual

Financial Report (CAFR) issued by the Village and is meant to be a document that can communicate financial information of the

Village of Buffalo Grove Fire Department Replaces Fleet

2016 Cyclone Quint & 2016 Typhoon Rescue Pumper

Village to those residents without a background in

The Village of Buffalo Grove Fire Department has replaced a Quint and Pumper Trucks in its fleet.

finance.

This initiative provided the Village an opportunity to strategically upgrade essential pieces of equipment for the Fire Services and public safety of the Village of Buffalo Grove and surrounding communities. The replacement of fleet vehicles reduces maintenance and integrates the latest technology and systems to assist public safety personnel in emergency situations.

atives in the Village over

The 2016 Cyclone Quint replaced a 1997 E-One Platform. The replacement is in service at fire house 27 at 100 West Half Day Road. The 2016 Typhoon Rescue Pumper replaced a 1996 EOne Rescue Pumper. The new pumper is in service at Fire house 26 located at 1051 Highland Grove Drive.

and expenditures to under-

the past fiscal year. It also provides an overview of the balance sheet, revenues, score the stability and performance of operations of the Village.

The Village maintains these vehicles through the Public Works Central Garage Division. Central Garage also services ambulances, police cars, snow plows, and other Village vehicles and equipment.

9

The report high-

lights the projects and initi-

Portal You can choose to receive

The

cial The Village also provides administrative support to its residents and departments through its Community Development Finance, and Office of the Village Manager personnel. Comprising 10 percent of the Village’s staffing complement, these professionals specialize in the building and construction trades, architecture, technology, accounting, finance, technical analysis and management fields.

web site:

http://www.vbg.org/830/

Buffalo Grove Wins 4th Consecutive Popular Annual Financial Reporting Award

10


Buffalo Grove By the Numbers 2017 Village EAV $1,660,028,332 Total EAV Per Capita $40,266.54 Village of Buffalo Grove holds highest Bond Rating attainable Moody’s Investor Services currently recognizes the Village as Aaa bond rated for its existing debt. The rating by

2017 Balance Sheet ($)

Equalized Assessed Valuation More commonly referred to as EAV, is the ratio of the total value of real estate compared to all other properties in the jurisdiction of the government, which the government has set as a basis for levying taxes. EAV calculations are different for residential and commercial properties. In addition, Cook and Lake Counties use differing formulas to establish EAV.

Moody’s was assigned in

Top Ten Real Estate Tax Payers

Equalized Assessed Valuation ($)

Chevy Chase Business Park Ltd.

21,759,899

Hamilton Partners

11,468,682

& Poor’s . The AAA rating was affirmed 2017

Tax Collection By Source

mated to increase from $1,614,251,028 in 2016 to

$1,660,028,332

2017.

in

This is the fifth

consecutive increase in

Sales Tax Revenue By Category

Buffalo Grove STE 106

8,674,553

Leider Lane Investors LLC

8,630,563

Arthur J. Rodger and Co

8,229,224

BRI 1862 Riverwalk LLC

8,145,927

Enterprise Funds

Riverwalk South LLC

7,819,608

Major

Resource Real Estate Inc

6,589,815

cent recession. The Vil-

9,229,254

Income & Use

4,843,251

Telecommunication

1,586,128

Utility

2,532,662

Real Estate Transfer

1,256,919

Other

1,019,807

Total

35,978,148

Drugs and Miscellaneous Retail 14%

Food 14%

Drinking and Eating Places 10% Apparel 1%

Lumber, Building and Hardware 22%

lage has a positive out

Furniture, Households and radio 4%

Automotive Filling Stations 9%

11

$44,269,206

$17,222,810

$27,046,396

40,281

3,666,478

(3,626,197)

161,195

169,561

(8,366)

1,509,756

(0)

1,509,756

120,089

766

119,323

(0)

59,733

(59,733)

Non-Major Motor Fuel Metra Parking Lot Debt Service

Water & Sewer

47,692,156

8,646,469

39,045,687

6,870,373

112,432

6,757,941

1,874,801

1,008,425

866,376

969,883

(0)

969,883

129,186,600

191,651

128,994,949

280,049

280,049

(0)

232,974,389

31,358,374

201,616,015

Non-Major Buffalo Grove Golf Club Refuse Fiduciary Funds Pension Trusts Agency

TOTAL

*Excludes Deferred Inflows and Outflows of resources where reported

Capital Assets by Category Asset/Fund Land

Governmental

Enterprise

Total

37,599,977

6,198,514

43,798,491

58,723

840,718

899,441

24,834,125

11,170,610

36,004,735

Land Improvements

3,242,060

1,966,488

5,208,548

Equipment/Vehicles

12,198,773

70,150

12,268,923

Streets & Storm Sewers

62,122,492

(0)

62,122,492

(0)

72,183,557

72,183,557

(78,156,403)

(48,640,980)

(126,797,383)

61,899,747

43,789,057

105,688,804

Construction in Progress Buildings

Water & Sewer System

look for this to continue in 2018.

15,510,127

Sales (1% & Home Rule)

Agriculture and All Other 24%

it is a positive sign that

rebounding from the re-

Street Maintenance

Amount ($)

Manufacturers 2%

As this trend continues,

cial properties value are

Facilities Development

9,167,002

EAV in as many years.

residential and commer-

General

Millbrook

Property

Fund Balance/ Net Position

Major

9,436,975

Tax Type

Liabilities*

Governmental Funds

Arboretum Golf Club

Village of Buffalo Grove EAV increases for fourth consecutive year The Villages EAV is esti-

Assets *

Penobscot Management LLC

2012 The Village is also rated AAA by Standard

Fund

LESS: Accumulated Depreciation TOTAL

12

By The Numbers: Village of Buffalo Grove Balance Sheet The Village of Buffalo Grove carries $7.43 of assets for every dollar of liability. Buffalo Grove maintains a high fund balance primarily because of three funds; the Pension Trust Funds, Water and Sewer Fund, and the General Fund. The Water & Sewer Fund account for 20.5 percent of total assets, and the Operating fund is another 19.0 percent. Pension Trusts are the largest Asset class with 55.5 percent of the total. All other funds combined account for the remaining 5 percent.

Capital Asset Values: What is the most valuable Asset in the Village? The Village’s infrastructure and other capital assets are main contributors to the Water and Sewer Fund and the General Fund balances. The Village’s water and sewer system is the most valuable capital asset, followed by streets and storm sewers. The third highest is land. These three asset categories make up 76.6 percent of the capital assets, before depreciation.


Tax Rates by County Village of Buffalo Grove Total Debt Outstanding 6th Smallest Amongst Taxing Districts in Cook and Lake County The Village of Buffalo Grove, as of 12/31/17 has outstanding debt of $14,365,000, which is the 5th smallest of all taxing bodies. The following round out the 5 smallest debt issuers:

COOK COUNTY

Cook County Tax Rates by Unit 9.000 8.000 7.000 6.000 5.000 4.000 3.000 2.000 1.000 Combined Village of Buffalo County, Indian MWRD* School Buffalo Grove Park including Trails Public Districts Grove District Forest Library (21, 214, Preserve District 512)

School Dist 96 - $0 High School Dist 125 $3,455,000 School Dist 103- $3,455,000 Wheeling Park Dist 8,995,000 Buffalo Grove Park Dist $14,420,000

$100 of Property Taxes Collected by County

All Other (4)**

Buffalo Grove $10.15

*MWRD is the Metropolitan Water Reclamation District of Greater Chicago **All other taxing bodies are Northwest Mosquito Abatement, Township Road and Bridge, Township General Assistance, and Consolidated Elections.

Lake County - $180,270,000 Cook County Forest Preserve Dist - $149,290,000 All taxing bodies that have the authority to levy tax in Buffalo Grove can be found in the statistical section of the Village of Buffalo Grove 2017 Comprehensive Annual Financial Report. The statistics section includes each entity and the amount of outstanding debt as of December 31, 2017.

* Cook County, Cook County Forest Preserve, Buffalo Grove Park District, Indian Trails Public Library, Metropolitan Water Reclamation

LAKE COUNTY

Lake County Tax Rates by Unit

Cook County $3,085,186,750

Lake County Forest Preserve Dist - $255,895,000

*All Other $19.26

District of Greater Chicago and Townships

Below are the top five taxing bodies that have authority to levy tax in Buffalo Grove:

Metropolitan Water Reclamation District of Greater Chicago - $2,377,123,381

School Districts 21, 214, and 512 $70.59

7.000 6.000 5.000 4.000 3.000 2.000 1.000 Combined School Districts (102, 125, 532)

Village of Buffalo Grove

County, including Forest Preserve

Buffalo Vernon Grove Park Area Public District Library

** Other taxing bodies are Road and Bridge and General Assistance for the Townships herein

13

All Other (3)** Buffalo Grove $9.85

School Districts 102, 125, and 532 $71.93

* Lake County, Lake County Forest Preserve, Buffalo Grove Park District, Vernon Area Public Library, and Townships

14

*All Other $18.22


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