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.
On Saturday, May 10 all Oak Brook Park District Facilities will open at 10am. This late opening is due to the annual Pink 5k event.
