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Special Recreation Highlights
The Park District continued to levy the $0.04 for 2015. Our annual commitment to NEDSRA is anticipated to end
the year at $286,841 and the District will plan on spending $226,600 towards ADA improvements. The District
is receiving $10,000 less then what was levied due to a 1.1% decrease in EAV. However, the District did receive
$188,000 from NEDSRA per the agreement and these monies will be used for ADA improvements throughout the
District.
Liability Highlights
No discussion at this time.
Debt Service Fund
The 2008 General Obligation Bond (GO Bonds) was called in September and saved the residents of Lombard
nearly $270,000. Staff is working with Speer Financial, Inc. to conduct a bi-annual issuance in early 2016 for that
year's capital expenditures.
F.I.C.A. Highlights
The F.I.C.A. Fund is used to pay all F.I.C.A expenses for employees throughout the District except for those who
work at Western Acres and Paradise Bay. These two facilities pay the F.I.C.A expenses from their operations budget
in order to have a better understanding of the cost of operating Western Acres and Paradise Bay.
I.M.R.F. Highlights
The District was notified of the 2016 preliminary rate from I.M.R.F. The initial estimate reflects a 2.3% decrease from
the 2015 rate.
Audit Highlights
This fund is used for the purpose of paying for the annual audit, which was approved by the Board on May 26.
Other Fund Highlights
