Our District
Finances
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:
- In 2007, the Park Board approved a plan to set clear financial priorities for the Park District through the end of the TIF district at The Glen. That plan is updated annually to provide continued direction for the District.
- The Park District has a documented philosophy of how funds are allocated across facilities which drives our budgets.
- The Park District aggressively seeks alternative sources of revenue and has received more than$19 million in grants, donations, sponsorships and advertising revenue over the past 10 years.
- The Park District’s current bond rating is Aaa—due in part to our capital replacement program which has served as a model for other park districts.
- The Park District was recognized with the Government Finance Officers Association certificate for financial reporting in 2007, 2008, and 2009. It has recently submitted an application for 2010.
- The Park District seeks out opportunities to work cooperatively with local government agencies to create value for the taxpayers. The exchange of services agreement with School District 34 through which the Park District maintains school grounds in exchange for use of school grounds and buildings as programming space is an example of this long-standing tradition.
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, 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
Fiscal Year Ending April 30, 2009
Part 1 – Basic Financial Statements
Part 2 – Notes to Financial Statements
Part 3 – Required Supplementary Information
Part 4 – Supplemental Section
Fiscal Year Ending April 30, 2008
Part 1 – Basic Financial Statements
Part 2 – Notes to Financial Statements
Part 3 – Required Supplementary Information
Part 4 – Supplemental Section
Fiscal Year Ending April 30, 2007
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.