FY 2007 Budget - Forest Preserve District of Cook County

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Attachment B Corporate Fund Balance Policy Forest Preserve District of Cook County Introduction The District’s Corporate Fund is used to fund and account for the general operations of the District, including law enforcement, maintenance, and recreation. The majority of the tax receipts received by the District, excluding receipts for the Brookfield Zoo and Chicago Botanic Garden, and almost all non-tax revenues, go into this fund. In governmental accounting, the balance sheet shows the current financial resources and liabilities of the fund. Accordingly, the balance sheet of the District’s Corporate Fund shows the current financial resources of the District together with its current liabilities. The difference between the current financial resources available in the Corporate Fund and its liabilities is the Fund Balance. The Fund Balance is generally divided into Reserved and Unreserved. This policy establishes a guideline for the Corporate unreserved fund balance, and how the guideline is implemented. Unreserved Fund Balance Level The District will endeavor to have a sufficient unreserved fund balance for the Corporate Fund to mitigate the risk stemming from 1) revenue fluctuations, 2) unexpected emergency expenditures, and 3) temporary periods of negative cash flow. To this end, a minimum fund balance shall be budgeted annually that is the total of the following percentages: 1 1. Revenue Fluctuations: 5.5 percent of Corporate Fund Gross Revenues 2. Unexpected Expenditures: 1 percent of Corporate Fund Expenditures 3. Insufficient Operating Cash: 8 percent of Corporate Fund Expenditures Implementation of the Fund Balance Policy The District’s Chief Financial Officer (CFO) is responsible for implementing this policy and the District’s designated Auditor must certify the necessary calculations. In any given year, the President may request that the Board waive this policy as operations demand. However, it is the intention of the President and the Board that this policy is adhered to in normal years. If, in any given year, the fund balance declines below the level specified by this policy, budgeted increases in the Fund Balance should be made over a maximum three-year period to bring the fund balance in accordance with the policy. 1 These percentages assume an allowance for uncollectible receivables based on a moving 5-year average of uncollected receivables and a minimum employee turnover of 5 percent. Use of the Working Cash fund is also assumed. 5
EXECUTIVE SUMMARY 1. Executive Summary 2. Tax Rates for Real Property 3. Property Tax Rates Comparison Chart 4. Appropriations Summary of Operating Funds Chart 5. Property Tax Distribution Chart 6. Comparative Appropriation Summary 7. Corporate Fund Appropriation by Function Chart 8. Staffing History Chart 9. Property Tax Levy Summary from 2002 to 2007 10. Property Tax Levy Summary Comparison of 2006 and 2007 11. Primary Funds Summary- Estimated Revenues & Expenditures 12. Budget Process- Accounting and Financial Information 6
Page 1 and 2: 2007 EXECUTIVE BUDGET RECOMMENDATIO
Page 3 and 4: Forest Preserve District of Cook Co
Page 5 and 6: CONSTRUCTION & DEVELOPMENT FUND Sum
Page 7 and 8: Reader’s Guide This section is de
Page 9 and 10: Permit and Recreation Activities is
Page 11 and 12: FOREST PRESERVE DISTRICT OF COOK CO
Page 15: ATTACHMENT A FOREST PRESERVE DISTRI
Page 19 and 20: As stated previously, the District
Page 21 and 22: FOREST PRESERVE DISTRICT Tax Rates
Page 23 and 24: FUND FOREST PRESERVE DISTRICT Appro
Page 25 and 26: Comparative Appropriation Summary F
Page 27 and 28: Forest Preserve District Staffing H
Page 29 and 30: Property Tax Levy Summary 2006 2007
Page 31 and 32: BUDGETARY PROCESS The fiscal year o
Page 35 and 36: POSITION SUMMARY 2006 APPROPRIATION
Page 37 and 38: GENERAL OFFICE Mission: To insure t
Page 39 and 40: GENERAL OFFICE 2006 ACCOMPLISHMENTS
Page 41 and 42: General Office Department General S
Page 43 and 44: 10 - GENERAL OFFICE FY 2006 FY 2007
Page 45 and 46: FINANCE AND ADMINISTRATION Finance
Page 47 and 48: Finance and Administration Departme
Page 49 and 50: 20 - FINANCE AND ADMINISTRATION FY
Page 51 and 52: HUMAN RESOURCES Human Resources is
Page 53 and 54: Human Resources Department Director
Page 55 and 56: 22 - HUMAN RESOURCES FY 2006 FY 200
Page 57 and 58: RESOURCE MANAGEMENT Resource Manage
Page 59 and 60: RESOURCE MANAGEMENT 2006 ACCOMPLISH
Page 61 and 62: RESOURCE MANAGEMENT 2007 GOALS •
Page 63 and 64: 31- Resource Management 2006 APPROP
Page 65 and 66: GENERAL MAINTENANCE Mission: To rep
Page 67 and 68:
MAINTENANCE 2006 ACCOMPLISHMENTS
Page 69 and 70:
51 - GENERAL MAINTENANCE 2006 APPRO
Page 71 and 72:
PERMIT AND RECREATION ACTIVITIES AD
Page 73 and 74:
PERMIT & RECREATIONAL ACTIVITIES AD
Page 75 and 76:
54 -PERMIT & RECREATION ACTIVITIES
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LAW ENFORCEMENT Mission: To uphold
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LAW ENFORCEMENT 2006 ACCOMPLISHMENT
Page 81 and 82:
56 - LAW ENFORCEMENT DEPARTMENT 200
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LEGAL Mission: To provide quality,
Page 85 and 86:
LEGAL DEPARTMENT 2006 ACCOMPLISHMEN
Page 87 and 88:
60 - LEGAL DEPARTMENT 2006 APPROPRI
Page 89 and 90:
PLANNING AND DEVELOPMENT Mission: T
Page 91 and 92:
Building Architecture • Master Pl
Page 93 and 94:
Land Acquisition • Assisted the L
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PLANNING AND DEVELOPMENT 2007 GOALS
Page 97 and 98:
• Continue to participate in cont
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2007 DEPARTMENT OF PLANNING AND DEV
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80 - PLANNING AND DEVELOPMENT FY 20
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99 - FIXED CHARGES FY 2006 FY 2007
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CAPITAL IMPROVEMENT FUND The purpos
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CAPITAL IMPROVEMENT PLAN FISCAL YEA
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CAPITAL IMPROVEMENT PLAN DEFINITION
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FOREST PRESERVE DISTRICT OF COOK CO
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GRANT REIMBURSEMENT SCHEDULE (Activ
Page 115 and 116:
2000 (continued) The Illinois Depar
Page 117 and 118:
2004 The USDA Forest Service awarde
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EMPLOYEE ANNUITY AND BENEFIT FUND 1
Page 121 and 122:
SELF INSURANCE FUND 110
Page 123 and 124:
ZOOLOGICAL FUND 112
Page 125 and 126:
CHICAGO ZOOLOGICAL SOCIETY AND BROO
Page 127 and 128:
Key Strategy: Hallmark Animal Care
Page 129 and 130:
Page 131 and 132:
THE CHICAGO ZOOLOGICAL SOCIETY ANIM
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THE CHICAGO ZOOLOGICAL SOCIETY ADMI
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THE CHICAGO ZOOLOGICAL SOCIETY SUMM
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CHICAGO BOTANIC GARDEN “The missi
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CHICAGO BOTANIC GARDEN 2006 ACCOMPI
Page 141 and 142:
Chicago Horticultural Society Summa
Page 143 and 144:
Chicago Horticultural Society Admin
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Chicago Horticultural Society Exter
Page 147 and 148:
Chicago Horticultural Society Outre
Page 149 and 150:
BUDGETARY CHART OF ACCOUNTS FISCAL
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630335 Festivals & Special Programs
Page 153 and 154:
630143 Building Repair Services: Ch
Page 155 and 156:
BUILDING AND CONSTRUCTION This acco
Page 157 and 158:
GLOSSARY Appropriation Assessed Val
Page 159 and 160:
FUNDS • Corporate The Corporate F
Page 161 and 162:
Page 163 and 164:
UPGRADING OF POSITIONS An employee
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"X" GRADE SCHEDULE FOREST PRESERVE
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FEE SCHEDULE SURCHARGE 2006 2007 20
Page 169:
Honorable Bobbie L. Steele Presiden
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FY 2007 Budget - Forest Preserve District of Cook County

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