Gurnee Park District 2016-2017 Annual GFOA Budget

Carry Over Capital Projects – Capital projects that were appropriated and the
Board or Staff believes are important enough to work on in the new fiscal year.
Committee of the Whole – Board of Commissioners Committee consisting of all
the Board members and is chaired by the Board President. No action may be
taken at a Committee of the Whole meeting.
Cooperative Partnerships – The park district cooperates with many nonprofit
organizations including Gurnee Youth Baseball, FC Lake County, Blue Devil Swim
Club, Warren Blue Devils Baseball Club, Warren Area Lacrosse, Gurnee/Warren
Twp. Healthy Communities/Healthy Youth Initiative and the Lake County After
School Coalition.
EAV – Equalized Assessed Valuation, property value on which real estate taxes
are levied.
Ellis and Associates – A program of lifeguard training and evaluation to assure
pool patron safety.
Fund – Fiscal and accounting tool with a self-balancing set of accounts to
record revenue and expenditures.
GAAP – Generally accepted accounting principles.
GASB – Government Accounting Standards Board.
GFOA – Government Finance Officers’ Association.
HCPAC - Hunt Club Park Aquatic Center, a 1500-bather capacity zero depth
outdoor pool with full service concession stand and bath house, cooperatively
funded with the Village of Gurnee.
HCPCC – Hunt Club Park Community Center, a 44,000 square foot building
adjacent to the outdoor aquatic center, opened in October 2006 housing
preschool rooms, dance/fitness rooms, meeting rooms, family activity and
before/after school program area, gymnasium, rock climbing wall, and a
community fitness center.
IAPD – Illinois Association of Park Districts is a statewide organization of park
districts that ensures the quality of parks and recreation through education,
research and advocacy.
Gurnee Park District Appendix H-2