Financials

Annual Reports

Popular Annual Financial Report

The Popular Annual Financial Report (PAFR) is prepared by the District’s Administration to provide readers with an overview of the District’s progress and financial performance that is both transparent and easy to understand. Information in this report is an easy-to-read summarized version of the District’s Annual Comprehensive Financial Report (ACFR). The ACFR is prepared in accordance with Generally Accepted Account Principles (GAAP) and was audited by Sikich, LLP, receiving an “unmodified’ opinion, which is the highest opinion an auditing firm can provide. The District received the Award for Outstanding Achievement in Popular Annual Financial Reporting for the 4th consecutive time as of December 31, 2021.

Annual Comprehensive Financial Reports

The financial statements of the Woodridge Park District are presented in the Annual Comprehensive Financial Report (ACFR) for the fiscal year ended December 31, 2022. Comparative ACFR’s are presented for the years ended December 31, 2020 and 2021 as well as for the fiscal years ended April 30, 2010 – 2020.

The District received the Certificate of Achievement for Excellence in Financial Reporting for the 13th straight year for the December 31, 2021 audit. The certificate is awarded to local governments that go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize those governments that succeed in achieving this goal.

Budget & Appropriations

The annual budget serves as the foundation for the District’s financial planning and control. The District strives to identify operating efficiencies coupled with sound financial practices and the pursuit of alternative revenue opportunities to keep the District in a financially healthy state.

Levy

Illinois Municipal Retirement Fund (IMRF) Employer Cost
& Participation Information

In accordance with the Illinois General Assembly Public Act 101-0504 (40 ILCS 5/7-135.5), Illinois Municipal Retirement Fund (IMRF) employers must post certain employer costs and participation information on its website which can be accessed at the following link: https://www.imrf.org/en/about-imrf/transparency/employer-cost-and-participation-information.

OMA Compensation Disclosure

The Woodridge Park District values its employees and the contribution they make to the community, and understands the importance of retaining quality employees in meeting the recreational needs of the community.

As required by PA-97-0609, at least 6 days before an employer participating in the Illinois Municipal Retirement Fund approves an employee’s total compensation package that is equal to or in excess of $150,000 per year, the employer must post the total compensation package for the employee. Additionally, within 6 business days after approving the annual budget, the Park District is required to post a list of all employees that are expected to receive compensation of greater than $75,000. Compensation includes salary, health insurance, allowances, vacation days granted, and sick days granted.

2024 OMA Compensation Disclosure

Vendor Information Reporting (Public Act 102-0265)

Pursuant to Section 18-50.2 of the Illinois Property Tax Code (35 ILCS 200/18-50.2), beginning in levy year 2022, each taxing district that has an aggregate property tax levy of more than $5,000,000 for the applicable levy year shall make a good faith effort to collect and electronically publish certain data from all vendors and subcontractors doing business with the Park District.

As of December 31, 2022, the District mailed letters to 586 vendors of which 168 vendors responded. Information for the vendors that meet one of the categories may be found below.

Vendor Information Reporting