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Village of WoodridgePopular Annual Financial ReportTable of Contents2Property TaxesGeneral Fund ‐Revenues 2General Fund ‐Expenditures3Fund Structure4Capital Projects Fund4MFT Fund5Water & Sewer Fund5Non Major Funds6Statements of NetPosi on and Ac vi es75 Year Comparisons8Opengov ‐ FinancialTool8Fiscal Year Ended April 30, 2014Village of WoodridgeThe Village of Woodridge, Illinois is pleased topresent its first issue of the Popular AnnualFinancial Report (PAFR). The purpose of thisreport is to present inform regarding theVillage’s financial ac vity in a simple and easy toread format. The informa on contained withinthis report is based on the Village’sComprehensive Annual Financial Report (CAFR) ‐which is a more inclusive audited statement.The CAFR is available on the Village’s website,www.vil.woodridge.il.us.Village Hall, 5 Plaza DriveKey Village Board Goals FY 20141) REDUCE RESIDENTIAL TAX BURDEN2) MAINTAIN SAFE COMMUNITY5) FOSTER INTERGOVERNMENTALCOORDINATION & CONSOLIDATION3) PROVIDE ADEQUATE INFRASTRUCTURE 6) STIMULATE THE BUSINESSCOMMUNITY4) PROVIDE GOVERNMENTALTRANSPARENCY & ACCOUNTABILITYMission Statement: To Achieve a High Quality of Life by Providing Superior Services ina Fiscally Responsible Manner.Strategic Management Process:GOAL DEVELOPMENT:The Strategic Management Process represents a series ofsteps taken throughout the year to develop the VillageBoard Goals for the coming year. Annually, the VillageOfficials discuss community needs, prioritize policy optionsand set goals. Residents of Woodridge are given anopportunity to provide feedback through the annualCommunity Needs Survey. The changing needs of theVillage residents are recognized and addressed throughthis process. The goals that are ultimately set serve as afoundation for the annual budget (which has beenrecognized through the Government Finance Officer’sAssociation’s Distinguished Budget Presentation Award)serves as a policy document, an operations guide, afinancial plan and a communications device.The COMMUNITY NEEDS SURVEY is sent to our residents inthe summer and the results are compiled for the VillageBoard’s Goal Setting Workshop. The Annual TOWN MEETINGis held in early October where residents provide input oncommunity goals.The next step is the GOAL SETTING WORKSHOP, which isheld in late October or early November and is the core of theStrategic Management Process. The Board considerscommunity input and goals are established for the next 1-3years, with key goals for the upcoming budget year beingselected. The BUDGET is available iew/1566.

General Fund Revenues for Fiscal Year 2013-14The General Fund is theVillage’s largest fund andthe most vital to theVillage’s opera ons. Manyof the goals established bythe Strategic ManagementProcess are made possiblethrough the General Fund.In FY 2014 revenues in thefund totaled 21 million.Thefollowingfourrevenues make up 76% ofthe total revenue in thefund.Sales Tax: 6.2 millionU lity Tax: 3.7 millionProperty Tax: 3.3 millionIncome Tax: 2.9 million(Income Tax is included inState Shared revenues)These revenues support theday‐to‐day opera ons ofVillage departments and,when necessary, providessupport to other funds.At year‐end total revenuesended up 2.2 million overwhat was budgeted and 1million higher than last year.A large amount of theincrease was in Sales Tax,resul ngfromnewbusinesses and U lity Taxes,mostly due to increasedusage during the cold winter.Addi onally, revenues arebudgeted conserva vely.The Village maintains adiversified revenue basewhich helps protect againsteconomic downturns.Making Cents of Property TaxesThe dollar bill graphic representshow the average Woodridgehomeowner’s property tax dollarsare distributed to various taxingbodies.As you can see, the Villagereceives only 3 cents of everydollar paid in property taxes.As a Home‐Rule community, theVillage is not bound by theproperty tax cap imposed on non‐home rule communi es. However, the Village Board has been self imposing the taxcap and has kept their levy at or below that cap. In the 2012 Tax Levy Year, the Village Board voted for no increase inProperty Taxes.The Grade & High School Districts, represented here, include Grade School District 68 which is 45 cents and HighSchool District 99 at 25 cents. Other Districts total 8 cents and include DuPage County, College of DuPage, ForestPreserve, DuPage Airport, and Lisle Township.2

Village DepartmentsThe goals established for the budget year are addressed by the various departments that make up the Village ofWoodridge governmental body. The various departments work together in addressing the goals. Below is an explana onof the areas of responsibility for each of the departments. Administra on directs the organiza on’s efforts in mee ng the policies and goals formulated by the Village Board. Community Development administers the orderly growth of the community by following the goals and objec vesestablished by the residents and Village Board, as well as planning, zoning and code enforcement. Finance conducts the financial affairs of the Village in accordance with Government Accoun ng Standards Board(GASB) and Generally Accepted Accoun ng Principles (GAAP). Police coordinates public safety efforts throughout the Village. Public Works is responsible for the Village’s infrastructure as it relates to roadways, buildings, traffic control,forestry, storm water as well as the Garage Fund and Water and Sewer Fund.General Fund Expenditures - 19,759,903Total General Fund expenditures for FY 2014 equaled nearly 20million.The Police Department represents 42% of the total at 8.3 million.Public Works is 17% at 3.3 million and Administra on is 15% withjust over 3 million in expenses.Personnel costs are by far the largestexpenditure at 57% of the total or 11.3 million.Transfers are made to the PolicePension Fund, Debt Service andCapital Projects Funds.The chart to the le depicts the totalGeneral Fund expenditures made perresident during the past 5 years.20132013Fiscal Year endingFiscal Year endingTotal General FundExpenditures PerResident 540 54020122012 536 53620112011 530 5302010*2010* 563 56320092009 510 510 531 531 520 520 530 530 540 550 540 550Amount*Much of the increase in 2010 is due to the change in populationfrom 35,921 to 32,971.Amount*Much of the increase in 2010 is due to the change in population from 35,921 to 32,971. 560 560 570 5703

Village of Woodridge Fund Structure - 7 Basic Fund TypesBelow is an explana on of 7 basic fund types that enable the Village to conduct various func ons.1. General Fund ‐ the chief opera ng fund of the Village, includes Administra on, Finance, Community Development,Police and Public Works.2. Special Revenue Funds ‐ account for ac vi es restricted to specific purposes such as TIF District redevelopment andthe Motor Fuel Tax that provides for maintaining roads.3. Capital Projects Funds ‐ account for construc on and acquisi on of major capital assets including vehicles andequipment.4. Debt Service Funds ‐ account that provides for the repayment of long‐term debt.5. Enterprise Funds ‐ account for ac vi es that operate much like a business in that services are supported by user feessuch as the Water and Sewer Fund and Golf Courses.6. Internal Service Fund ‐ accounts for the opera on of the Village Garage. Expenditures are supported by thedepartments that use the Village Garage to maintain vehicles.7. Fiduciary Fund ‐ accounts for the Police Pension Fund, which provides funding for police pensions.Overview of Other Major Governmental Funds,Enterprise Funds and Non-Major FundsCapital Projects FundThe Capital Projects Fund is supported by .25% Home Rule Sales Tax whichis designated for community reinvestment. In addi on, 10% of the stateincome tax alloca on goes to this fund. (The total Home Rule Sales Tax isCapital Projects Fund ‐ FY 2014 Actual 0.50% ‐ the other half is in the General Fund along with the other 90% ofTotal Revenues ‐ 2.5 millionthe state income tax alloca on.) Two large projects that were financedTotal Expenditures ‐ 1.5 millionwith General Obliga on Bonds are currently being supported by the SalesTax. The first was the acquisi on of 44 acres of open space adjacent to theVillage Hall. This was purchased for 14 million in 2008, and is owned withthe Park District who pays half of the debt. The second project was theacquisi on of the Pine Ridge property to be sold and developed as seniorci zen housing.44 acres adjacent to Village Hall known as Town Centre.Various other large projects are planned for and expensed in this fund. TheVillage is in the process of replacing its enterprise resource planning system(ERP). The current computer system has been in use since 1997 and servedits es mated useful life. Accumulated revenues plus a 1 million transferfrom the general fund will pay for the es mated 1.5 million new ERP.Addi onally, major road engineering and design is paid out of this fund forthe MFT fund’s road construc on projects. Projects currently under reviewinclude, facility improvements for the Police and Public Worksdepartments, which are currently in need of major remodeling and possibleexpansion.4

Motor Fuel Tax (MFT) FundThe Motor Fuel Tax (MFT)Fund is supported mainlyby a per capita statealloca on which comesfrom a state gasoline taxon gallons sold. Thisalloca onhasbeendeclining in recent years asthe cost of gas and moreefficient cars has reducedthe amount of gasolinebeing purchased.Inaddi on,risingadministra oncosts,including emission tes ngcenters’ costs, are taken offthe top before beingallocated. Other revenuesinclude a transfer from theGeneral Fund of 1 cent ofthe Village’s 2.5 cent gastax, also declining as pricesand efficiencies increase.MFT Fund ‐ FY 2014 ‐ Actual:Total Revenues ‐ 1.6 millionTotal Expenditures ‐ 0.8 millionThese declining revenuesimpacttheamountavailable to spend for theVillage’sannualroadprogram. At this me therecommended level ofrepairscannotbemaintained. New revenuesources are being studied.FY 2014’s scheduled roadwork was under budgetdue to the long cold winterdelaying projects.Water & Sewer FundFY 2014 Revenues & Expenditures‐Cash Basis (reported on accrual basis in CAFR)The Water and Sewer Fund is anenterprise fund supported by userfees. The last few years have seensignificant increases in water ratesdue to the cost of water fromDuPage Water Commission (DWC).These drama c rate increases were adirect result of the City of Chicagoraising their rates to the DWC. Infiscal year 2012 the water rate per1,000 gallons from DWC was 2.04and in fiscal year 2014 it is 3.97. ByJanuary 2015 it will be 4.68 per1,000 gallons. This is the last increasethat Chicago has informed DWC of.A er years of not adjus ng waterrates the Village was forced to passthese increases on to the residents,star ng in Fiscal Year 2011. Inaddi on to providing potable waterto the residents the fund alsooperates and maintains the wastewater collec on systems, whichul mately goes to a countytreatment facility.5