There are several events each year where alcohol is included in the registration fee or available for participants attending the event to purchase.  Examples are, A Walk in the Park Wine Tour, Barks & Brews, Summer Concerts and Brews & Views.   

Maintaining synthetic turf is done by one staff member every quarter. Maintenance takes approximately 2 hours each time. Wages, fuel, and synthetic drag upkeep amount to $300.00 annually.
   

Indiana Elite Soccer Club had a single-use rental for tryouts on this field on June 3rd from 5-8pm.     
 

Of the Central Park North project costs, $880,000 was funded by a grant obtained from the State of Illinois. These funds are not paid back to the State. The remainder of the project was funded through non-referendum bonds.  These bonds also partially funded a new Aquatic HVAC unit.  These 15-year bonds were assigned a AAA bond rating (the highest rating available) by Moody’s Investors Service.

The Park District has approximately $9 million in the bank depending on the time of the year.  $1 million of those dollars are restricted funds for Social Security, Risk Management (Insurance), Audit, and IMRF (Pension) obligations.  IMRF is funded by the Park District and is not associated with the State of Illinois pension system.  $8 Millon is fund balance reserve for the General Fund, Recreation Fund, Capital Projects Fund and the Tennis Center Fund.  These reserves are established by board policy and evaluated by Moody’s and creditors.  The Park District must maintain 3-9 months of reserves in each fund per board policy.  The current unrestricted fund balance constitutes approximately 5-6 months of reserves, within the board-established parameters.  

The State of Illinois requires all government entities to file a tax levy by the end of December annually.  The tax levy is capped at 5% or the Consumer Price Index (CPI), whichever is lower.  This year, the Park District requested a 3.15% tax increase. The Oak Brook Park District’s fiscal year is May 1 – April 30.  This fiscal year for budgeting purposes is used by the majority of park districts in the State.  With a May 1 fiscal year start, newly elected officials (usually sworn in at the May annual meeting) take office at the beginning of the budget year.  Park District law authorizes budget amendments at any time in accordance with specified procedures. Most programming starts in the Spring which provides for revenue generation at the beginning of the fiscal year. 

No individual employee of the Park District has the authority to spend District funds except pursuant to a board-approved policy or express Board authorization. Policy, the budget, the Executive Director and Corporate Counsel are all within the purview of the Park Board.  There are policies in place that the Park District must follow for bidding, purchasing and expenditures.  The budget, capital purchases, and change orders over $10,000 are all approved or rejected by the Board.