Financial Information

Striving to Maximize Taxpayer Value

The Glenview Park District is primarily funded through property taxes and user fees. Only about half of the District’s operating revenue is from property taxes.

The Glenview Park District enjoys a sound financial position:

  1. The Park District aggressively seeks alternative sources of revenue and has received more than $15 million in grants, donations, sponsorships and advertising revenue over the past 10 years.
  2. The Park District’s Aaa bond rating issued by Moody’s Investors Service was re-confirmed in 2013.
  3. The Park District has a special reserve fund designated as the Capital Replacement Fund to systematically provide for current and future replacements of  many of our assets.  This long range plan enables us to continue to maintain our parks and facilities at a level of quality that is expected by residents
  4. The Park District has received the Government Finance Officers Association’s Certificate of Excellence in Financial Reporting each year since 2007 when the first application was submitted and will continue to seek this certification in future years.
  5. In 2012, the Park District refinanced a portion of its outstanding debt which will result in a savings of nearly $2 million dollars over the next 12 years and in 2014 the district is refunding another bond which will produce $100,000 savings over a 3 year period.
  6. The Park District is sensitive to its taxpayers and has been able to keep its overall tax levy to the existing tax base essentially flat for tax years 2013, 2012, 2011.

Annual Budget

The Glenview Park District’s fiscal year is May 1-April 30.  A budget is prepared each year and approved at the April board meeting.

Fiscal year beginning May 1, 2016
Annual Operating Budget 2016-2017

Comprehensive Annual Financial Report

As required by law, the Glenview Park District must submit to an annual audit of its financial operations. Below are links to Glenview Park District Audits for recent fiscal years.

Fiscal Year Ending April 30, 2016
Comprehensive Annual Financial Report for Fiscal Year Ended April 30, 2016

Fiscal Year Ending April 30, 2015
Comprehensive Annual Financial Report for Fiscal Year Ended April 30, 2015

Fiscal Year Ending April 30, 2014
Comprehensive Annual Financial Report for Fiscal Year Ended April 30, 2014

Fiscal Year Ending April 30, 2013
Comprehensive Annual Financial Report for Fiscal Year Ended April 30, 2013

Fiscal Year Ending April 30, 2012
Comprehensive Annual Financial Report for Fiscal Year Ended April 30, 2012

Fiscal Year Ending April 30, 2011
Comprehensive Annual Financial Report for Fiscal Year Ended April 30, 2011

Fiscal Year Ending April 30, 2010
Part 1 – Basic Financial Statements
Part 2 – Notes to Financial Statements
Part 3 – Required Supplementary Information
Part 4 – Supplemental Section

For questions concerning this information, please contact the Glenview Park District Administrative Office at 847-657-3215.