Gurnee Park District 2016-2017 Annual GFOA Budget
Fiscal year 2016-2017 annual budget.
Fiscal year 2016-2017 annual budget.
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GURNEE PARK DISTRICT PROFILE<br />
<strong>Gurnee</strong> <strong>Park</strong> <strong>District</strong> Profile<br />
CHARTERED<br />
The <strong>Gurnee</strong> <strong>Park</strong> <strong>District</strong> was<br />
of real estate for 2015 is $1,041,820,185.<br />
established by a local referendum<br />
on September 7, 1968, as a special<br />
purpose unit of government as<br />
provided by the Illinois <strong>Park</strong> <strong>District</strong><br />
TAX RATE<br />
The tax rate for 2015 is $.522 per<br />
$100 of assessed value.<br />
Code.<br />
DEBT RATING<br />
The <strong>Park</strong> <strong>District</strong> issues General<br />
Obligation Bonds for capital<br />
GOVERNED<br />
A five member, elected Board of<br />
Commissioners, each of whom<br />
serves a four year term, constitutes<br />
the governing board of the <strong>Park</strong><br />
<strong>District</strong>. Current Board members are<br />
improvements and currently holds an<br />
AA+ rating from Standard and Poor’s<br />
and an “A2” bond rating from Moody's<br />
Investor Service on its outstanding<br />
debt..<br />
Jim Goshorn, President; Libby Baker,<br />
Vice President; Michelle Klemz,<br />
Secretary; Vicki Paddock and<br />
Gerald Crews.<br />
RESOURCES<br />
The <strong>Park</strong> <strong>District</strong> holds title to 409 acres,<br />
which includes parks, trails, ball fields,<br />
wetlands and open space. The <strong>Park</strong><br />
<strong>District</strong> maintains 28 park sites, two<br />
BOUNDARIES<br />
POPULATION<br />
The 14.73 square mile <strong>Park</strong> <strong>District</strong> is<br />
located in northeastern Lake<br />
County, approximately 45 miles<br />
northwest of the Chicago Loop. The<br />
<strong>District</strong> serves all of the residents of<br />
the Village of <strong>Gurnee</strong>, as well as<br />
residents of Continental Village and<br />
Hickory Hills in the City of Waukegan<br />
and Countryside subdivision in<br />
unincorporated Warren Township.<br />
The <strong>Park</strong> <strong>District</strong>'s population is<br />
community centers, two fitness centers,<br />
one outdoor aquatic center, six tennis<br />
courts, seven volleyball courts, three<br />
skate parks, one fishing area, 16 ball<br />
fields, 21 soccer fields, seven picnic<br />
areas, 24 playgrounds, and 23<br />
basketball courts. Agreements with the<br />
local schools provide the <strong>Park</strong> <strong>District</strong><br />
with the use of their facilities that<br />
include an indoor pool and several<br />
gymnasiums.<br />
estimated at 34,284.<br />
REAL ESTATE<br />
The equalized assessed value (EAV)<br />
SERVICES<br />
The <strong>Park</strong> <strong>District</strong> provides a full range of<br />
recreational services to its citizens,<br />
8 FISCAL YEAR <strong>2016</strong>/<strong>2017</strong> ANNUAL BUDGET I <strong>Gurnee</strong> <strong>Park</strong> <strong>District</strong>
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