city of chicago annual financial analysis 2012

7/31/2019 City of Chicago Annual Financial Analysis 2012

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C i t y o C h i c a g o

Annual Financial Analysis

2012

Mayor Rahm Emanuel

EMBARGOED UNIL

12:00 .. JULY 31, 2012


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A n n u a l F i n a n c i a l A n a l y s i s 2 0 1 2

Table of Contents

Letter from the Mayor ............................................................................. 1

Introduction ............................................................................................ 2

Financial History Review ........................................................................ 5

Tree-Year Financial Forecast ................................................................ 43

Long-erm Asset Lease and Reserve Funds ........................................... 55

Capital Investments .............................................................................. 61

IF ....................................................................................................... 69

Debt ...................................................................................................... 75

Pensions ................................................................................................ 81


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Letter rom the Mayor

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Introduction

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Financial History Review

Annual Financial Analysis2012


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Enterprise Funds25%

Grant Funds

24%

IntergovernmentalTaxes13%

City Fees & Fines12%

Property Taxes10%

City Taxes10%

Special Revenue6%



Introduction

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Corporate Fund.e corporate fund is theCitys

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SpecialRevenueFunds.eCitysspecialrevenue

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Enterprise Funds. e Citys enterprise funds

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Grant Funds. Grant funding makes up a

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Property Tax Funds. e City receives property

IF

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OAL CIY RESOURCES

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Corporate Fund Revenue

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B 2002 2007, 47

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$47.7 2008 $127.2

2009, 2011 41 .

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20 2002

2007, , $150.7 , 2009,

16

2011.

2002 2003 2004 2005 2006 2007 2008 2009 2010 20112012

YE Est

Non-Tax Revenue 664.2 717.0 698.2 722.5 730.0 822.6 814.0 777.8 773.3 921.1 938.6

Intergovernmental 463.2 449.2 501.8 563.2 592.2 662.7 659.3 508.6 553.8 525.2 548.1

Proceeds & Transfers In 183.1 261.8 180.1 133.3 115.1 154.5 259.3 474.6 519.0 467.6 129.3

Local Taxes 1,128.0 1,156.0 1,202.0 1,378.6 1,446.8 1,450.1 1,402.4 1,275.3 1,283.8 1,335.0 1,363.5

Total 2,438.5 2,584.0 2,582.1 2,797.6 2,884.1 3,089.9 3,135.0 3,036.3 3,129.9 3,248.9 2,979.5

$2,4

38.5

$2,5

84.0

$2,5

82.1

$2,7

97.6

$2,8

84.1

$3,0

89.9

$3,1

35.0

$3,0

36.3

$3,1

29.9

$3,2

48.9

$2,9

79.5

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

Data does not include fund balance.

CORPORAE FUND REVENUE$ Mii

6


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CORPORAE FUND REVENUES

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$49 2007 2010, 2011

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2011, $487 , 16

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2012 , 46 , 17

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4

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46%

41%

41%

42%

45%

47%

50%

49%

47%

45%

46%

33%

28%

25%

26%

26%

27%

25%

26%

27%

28%

27%

17%

16%

18%

17%

21%

21%

21%

20%

19%

17%

19%

4%

15%

16%

15%

8%

5%

4%

5%

6%

8%

6%

1%

2%

2%

0% 20% 40% 60% 80% 100%

2012Budget

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

Local Taxes Non-Tax Revenue Intergovernmental Proceeds & Transfers In Property Tax

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M , , C 2013 . A

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CHANGE IN CORPORAE FUND REVENUES

p h 2002

Proceeds & Transfers

Property Tax

Local Taxes

Intergovernmental Tax

Non-Tax

-100%

-50%

0%

50%

100%

150%

200%

250%

300%

8


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Local ax Revenue

L ,

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Public Utility Taxes

P

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14 18

10 . I 2002,

$441.6 , 18

. I 2008, $524.8 ,

2009 2010

2011, $467.6 , 14 . T

fl

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$442.0 .

R telecommunications taxes,

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$154.2 , 6

. T 2005,

j ,

2006, $140.8 .

I 2011, $141, 4

.

$137.2 2012. T

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T C electricity use tax electricity inrastructure

maintenanceee

. B

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f ff

C x. E x u

ud 6 8 p p ud

u p 10 , $189.3 m

. I 2002, x d $195.3

m, u 8 p p ud

u. I 2011, x d $188.8 m,

u 6 p p ud u.

T u - qupm d

d xpd u mp

u d, 2012 -d m

$187.2 m.

T C mp u -d x. T naturalgas utility tax 8 p x mpd pu

p u . T natural gas use tax mpd

6.3 p m ubj

u u x. A x, u x

dpd up d

d p. Nu ud m d bud,

d u d ump d

d x u. I 2002, u -d x

d $78.7 m, u 3 p

ELECOMMUNICAIONS AX REVENUE

$ Mii A (Mii)

$154.

2

$169.6

$165.

8

$147.

7

$140.8

$154.4

$158.9

$152.

5

$139.5

$141.

0

$137.

2

0

10

20

30

40

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

Telecommunications Tax RevenueTotal Landline AccountsTotal Wireless Accounts

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p ud u. Nu p du 2008

, 106.2 p m, d

C u m d x pkd $153.2 m

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m du 2009 d 51.2 p

m 2011. I 2011, u x d $113.7

m, u 4 p p udu. Du f x m 2012, p

u dppd 34 p m p m

pd 2011, u pd dp u

m x .

Cable television taxu, mk up m

p p ud u, m $13.4 m

2002 $24.1 m 2011, 2012 -d

m $25.1 m. Sd b xpd

u u u du p

-dmd d p-p- .

Transaction Taxes

x ud x ,

p pp, d -m

m . Cmbd

x ud 6 p 12 p

p ud u p 10 . Fuu

u u p m

d mk.

I d up , real property

transfer tax d d ,

m $125.6 m 2002 pk $242.3 m

2006. T d mk

m d d $61.9 m 2009. 2010 d 2011 pp

x u $81.3 m d $86.0 m,

p, du p umb mm

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umb u, du u f,

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m $88.8 m pp x

u m du 2012.

A -d x,

personal property lease transaction taxes uffd du

m mp p ump,

xp . I 2002, x

p pp d $100.0, 4

. I 2008,

REAL PROPERY RANSFER AX REVENUE

$ Mii H Pi I

$125.6

$145.4 $1

90.8 $

236.3

$242.3

$205.8

$119.5

$61.9

$81.3

$86.0

$88.8

0

20

40

60

80

100

120

140

160

180

200

$0

$50

$100

$150

$200

$250

$300

Transfer Tax Revenue

S&P Case-Schiller Average HomePrice Index (Chicago)

NAURAL GAS AX REVENUE

$ Mii $ Pi N G

$8.7

$8.4

$7.7

$25.1

$26.1

$27.4

$33.0

$32.8

$30.7

$32.4

$27.6

$70.0

$89.1

$91.4

$109.0

$105.9

$102.9

$120.2

$94.0

$83.6

$81.3

$64.8

$0

$20

$40

$60

$80

$100

$120

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

Natural Gas Utility TaxNatural Gas Use TaxNatural Gas Price per Therm

10


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$119.3 ,

6 8 . T

$108.4 2010

2011 $123.5

, 4 . 2012 - $122.5 .

Transportation Taxes

,

, . Parking garage taxes

,

j 2005 2009

-- $69.8

$81.7 $85.3 $93.1 , .

Vehicle uel tax $62.7 2002 $49.4 2011,

-

.

I 2011, $151.9

, 5 .

R 2012

$174.4 , 6

,

,

2012 .

Recreation Taxes

R

, , q, ,

, ff- . I 2002, $83.7 , 3

. B 2011,

$159.4 , 5

, C

$163.2 2012.

Amusement taxes ,

, ,

$33.8 2002, $86.1 2011.

T 1

2005 2009, f C

. T C $89.2

2012,

L, .

Cigarette tax $15.6 $32.9

2004 2006,

C 2005 2006,

$18.7 2011. T

PARKING AX REVENUE

$ Mii

$67.4

$68.2

$69.8 $

81.7

$83.6

$8

8.1

$85

.3

$

93.1

$

92.3

$

93.4

$116.7

$0

$20

$40

$60

$80

$100

$120

CIGAREE AX REVENUE AND RAE INCREASES

$ Mii $ R p Pk

$16.4

$15.6

$15.6

$27.5

$32.9

$28.4

$24.3

$21.0

$19.3

$18.7

$17.8

$1.7

1

$1.7

1 $2.5

3

$2.8

5

$4.0

5

$4.0

5

$4.0

5$4.6

7

$4.6

7

$4.6

7$5.6

7

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$10

$15

$20

$25

$30

$35

$40

$45

$50

Tax RevenueEffective Tax Rate Per Pack

County & City

County

Federal

City

State

Tax Rate Increase - Entity

State & Federal

11


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.

Liquor tax, , f

10 , $18.4 2002 $31.6

2011,

. R non-alcoholicbeverages --

, f j 2008 $11.5

$18.8 ,

.

Business Taxes

B

. A 2005

2006, -- 11

19 , , $92.3

2008. 14

$79.6 2009,

, 4 2010

6 2011, 2011 $88.2 . B

,

, ff

2012.

R hotel accommodations tax

2009 2011,

,

, . I 2007,

,

, $152.50,

$61.9 . B 2009,

28 $109.70, 22 2008 $50.1 .

T 2011, ,

,

$60.1 ,

$127.80 . A 2012 , C

3.5

4.5 . L

f 2012,

C

. W ,

C $79.7 2012, 3 .

R employers expense tax,

50 $4

,

, $24 . A

2012 , M

j C. T

50 , $2 , 2012,

$15.1. T -2014.

Intergovernmental ax Revenue

I C

I ,

.

Sales and Use Taxes

S C

H R O U (HRO) M R O U (MRO).

T C HRO

, ,

, -

. U HRO, MRO

qualifyingfoodanddrugpurchases.Generalmerchandise

C j

9.75 J 2010

2011. T 9.50 J 1,

HOEL ACCOMMODAIONS AX REVENUE

$ Mii $ R p Aib R

$37.5

$37.5

$39.2 $

46.3

$59

.7

$6

1.9

$

64.3

$50.1

$54.3 $6

0.1

$79.7

$102.8

$108.9

$109.3

$121.1 $

144.9

$152.5

$144.4

$109.7

$118.2

$127.8

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

Hotel Tax

Revenue per Available Room

12


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2eLGDFisthefundfromwhichmunicipalitiesarepaidtheirshareofstateincometaxrevenue

2012, C 2010

. 1.25

HRO 1

MRO, S, R

A, C C.

I , HRO MRO

16

10 . F 2004 2007,

HRO MRO 9

, $543.2 2007. B 2008, --

8.9

17 , 2009 $476.6 .

D 2010, ,

S . H,

,

- , f 2010

$495.8 . I 2011,

$536.3 ,

. T 2012, - $560.2 .

State Income Tax

L ,

- ,

2007. F 2004 2007, C

10 ,

$268.8 2008. I

25 , $201.0 , 2009,

2010 $231.5 .

I 2011, ,

2010 C, , ,

,

. I 2011,

11.3 , ,

C S j

2010 C.

C

C 5.8 2010 .

Eff F 2011, S

5 3 7 4.8

. H,

S,

,

that flow into the Local Government Distribution Fund

(LGDF).2DistributionstotheLGDFweredecreasedfrom10

6 6.86

SALES AX

pii Chi

State5.00%

HROT(City)1.25% Cook

County1.25%

RTA1.00%

MROT1.00%

SALES AX REVENUE

$ Mii C Si I

$168

$159

$175

$221

$266

$265

$244

$225

$229

$252

$267

$229

$227

$238 $

250 $

271

$278

$275

$252

$267

$284

$293

$397

$386

$413 $

471 $

537

$54

3

$519

$477

$496

$536

$560

0

10

20

30

40

50

60

70

8090

100

$0

$100

$200

$300

$400

$500

$600

$700

State Sales Tax (MROT)City Sales Tax (HROT)Consumer Sentiment Index

13


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. I

10 , C

$50

2011.

I , ,

R, U I

R J C A 2010, f

. T A 100

q

S 8, 2010 D 31,

2011, 50

q D 31, 2011

D 31, 2012. B ff S f

,

C .

I ,

S C. O

, 2010 2011, C

120

f. W ff

C ,

C fl, M

. I

2011, 11

, .

T ff , C,

,

$200.3

2011. H,

2011 2012, C f S

. A ,

C j

$231 2012.

Personal Property Replacement Tax

T (PPR)

, , ,

. T S

S

. T C

PPR

C

.

B PPR - ,

,

2008 .

C

41.6 2002 $109.7 2008. H, PPR

PPR REVENUE

$ Mii

$87.8

$9

4.2

$126.5

$141.2

$147.8 $

179.9

$166.6

$146.8

$154.1

$144.3

$145.9

47%

45%

61%

67% 5

6%

69%

66%

35%

33%

25%

13%

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$220

PPRT Revenue to Corporate Fund

PPRT Revenue to Pensions

INCOME AX REVENUE

$ Mii Upy R

$186.3

$172.3

$181.0

$212.9

$232.3

$253.5

$268.8

$201.0

$231.5

$200.3

$231.0

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

$0

$50

$100

$150

$200

$250

$300

State Income Tax

Chicago Unemployment Rate

14


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C ,

PPR fl

67 2008 2011 $36.2

. T C $19.2 PPR

fl 2012.

I ff C

, PPR

ff 2011 S

S PPR

S B E

. T

ff

PPR C 2012 .

Nonax Revenues

N-

; f, ; ;

, ; ; .

License and Permit Fees

R

, ,

. L

,

. I 2002,

$83.1 ,

$148.2 2007, $102.7

2011. T 2007 2008

-

. L $118.3 2012.

P ,

$51.4 2007. A

C ,

$24.5 2011, 52

2007 . A

fl 2012, .

Fines, Forfeitures and Penalties

F, , , -

, f

. R f

2002, $166.2 $263.3

2011, 8 2011

. T

, -

, - ,

f , f . R f,

, $284.7

2012,

f .

Charges for Services

C

, q,

. I 2002,

$65.5 , $132.6 2011,

. S

j $133.0 2012,

4 .

Leases, Rentals, and Sales

R C- ,

,

$7.3 2002 $ 22.6 2011.

LICENSE AND PERMI FEE REVENUE

$ Mii

$83.1 $

96

.4

$104.6

$120.9

$117.7

$148.2

$

114.7

$100.5

$96

.2

$10

2.7

$118.3

$0

$20

$40

$60

$80

$100

$120

$140

$160

15


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S 1 2011

. I 2011, C

, ,

, . T , C

ff,

2011. T ff

2012,

- $12.3 .

Internal Service Earnings

I

C ,

, f, C . S 10

,

$250 $300 .

Proceeds and ransers In

Property Taxes

N fl

C ,

C .

T fl 2004. T C

.

One-Time Revenue Sources

A ,

- ,

C -

. A

f,

f -

C - f . T

L- A L

R F D .

Corporate Fund Expenditures

D C

2002,

2003 . Cq, C 2003.

S 2003,

$2.6 2004 $3.1

in2008.Generally, theuseof thesefundshasbeenfairly

,

ff

. T

.

Spending by City Service3

Public Safety

E , , 59 ,

, 41 ,

F D 15 , O E

M C 3 ,

. A

,

, 58 2003

60 2011.

Infrastructure Services

I D S

S D

9

. T C

; , , C

, , ;

.4

T C

. T

,

j

. N-

2006,

3 O , C . R f .

4 M C j S F f, . T j C I .

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B B

, f

.

T C B C

2007. I 2011, C

, ,

C C . T

C $2.2

f .

I 2012, C --

- . U - ,

C f

j . T

C -

goingforward.Grid-based collectionisnowoccurringina

,

.

City Development

C , ;

, , j;

ff ,

1 . T

D C Aff S E,

, ,

,

C ,

.

SPENDING BY CIY SERVICE

$ Mii

$2,6

51.0

$2,5

56.2

$2,7

31.9

$2,8

95.1

$3,0

56.1

$3,1

02.0

$3,0

09.1

$3,0

28.9

$3,0

37.6

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

Legislative and Elections Environmental, Building, and Business RegulationCity Development Community ServicesFinance and Administration Fleet and Facility ManagementInfrastructure Services Citywide ExpensesPublic Safety

17


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Community Services

E , 2

D F S S,

D P H, M O

P D. T

-, , , $540

. T

these funds are discussed in greater detail in the Grants

.

Environmental, Building, and Business Regulation

O , ,

2

. T D

B,

C ,

,

,

D B Aff C P,

,

.

Finance and Administration

T C

, , ,

, ,

, 5

, 6

C .

Spending by Expense Type

Personnel

A C , -

, 73 2003 2011 ,

10

. T

-

ff

W .

CORPORAE FUND EXPENDIURES

$ Mii

14%

14%

16%

15%

16%

16%

14%

15%

14%

86%

86%

84%

85%

84%

84%

86%

85%

86%

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Non-Personnel Personnel

PERSONNEL EXPENDIURES$ Mii

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

Salaries & Wages Healthcare Benefits

Workers Compensation

18


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Contractual Services

C 10.0 ,

$300 ,

. O , 2003 2007,

6.5 , 2.2 2007 2011.

T

, , ;

; ;

C ; , ,

.

A , ,

,

- . I 2003,

18.2 , $45.6 , , 21.4 ,

$63.1 , 2011.5 S,

C ,

- $13

2003 $15.8 2011.

2007 $54.6

, . I 2003 2004,

C

,

, $20.2 ,

8 , .

T 2005 ,

, 2008 $38.9

, 12.4 .

T C

,

$33.2

2011.

B 2011, C

, , , ,

. T C

$25 2012

ff, 2013.

Commodities and Materials

E

,

CONRACUAL SERVICES EXPENDIURES

$ Mii

$250.6

$256.4

$276.9

$278.2

$322.5

$314.1

$302.0

$302.3

$294.5

$0

$50

$100

$150

$200

$250

$300

$350

$400

All Other Rent & MaintenanceTechnology TelecommunicationsWaste Disposal

$0

$100

$200

$300

$400

$500

$600

Motor Fuel UtilitiesClaims & Judgments Commodities & MaterialsMiscellaneous Contractual Services

NON-PERSONNEL EXPENDIURES

$ Mii

5 I , C - q f , D .

19


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. O , 1 , $24.0 , . B 2003 2008,

6.5 , 16.5 2008 2011, , , , q.

Utilities

M C , 0.36 0.85

2003. R 2004 2007. I , , , C . Sf, C - LED f C . I , C - 2010, - . A ,

$26 2007 - $14 2011.

Motor Vehicle Fuel

S f C , C .O , 2003 2008, C 22 , $12 2003 $33 2008.I 2009, C $21 , 2010 $29 2011.

I

, C C fl . I 2011, C , Z C -, Z C . T C fl . C, C 2,200, , , , - ,

.

MOOR FUEL EXPENDIURES

$ Mii $ Ri G Pi

$4.

1

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$6.

9

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0

$8.

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9

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5

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93

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35

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$2.

99

$3.

46

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49

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98

$3.

78

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$2.50

$3.00

$3.50

$4.00

$4.50

$0

$5

$10

$15

$20

$25

$30

$35

$40

$45

$50

Diesel Gasoline Retail Gas Price

$7.2

$4.3 $

7.6 $

11.7 $

17.4

$12.2

$10.0

$10.2

$10.2

$5.2

$4.9

$7.1

$5.7

$8.5

$6

.7

$4.7

$4.4

$4.0

$0

$5

$10

$15

$20

$25

$30

Electricity Gas

UILIY EXPENDIURES

$ Mii

20


23/88



Settlements and Judgments

E , C

j C. E

. T

C j- ,

- .

T C j- ,

$64.8 $167.3

10 , --

f ,

j , C . C

,

j ,

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, 70 C

j

- . T

f

C, 550 2009 j 250

2010 2011.

E , C

C q

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, fl q

. T

$22 .

I 2011, C

- -

f C

- . T - L D $3

2012,

$4

.

SELEMEN & JUDGMEN EXPENSES

$ Mii

$75.9

$80.7

$64.8 $

80.8

$80.0

$167.3

$91.2

$91.4

$82.3

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

21


24/88



Special Revenue Funds

Vehicle Tax Fund

T , , ,

, ,

S F ,

C . T

C.

S 2002,

$13.2 , $3.8

, $6.4

, f fl

. P C

, $96

2002 $99.9 2011;

, 62 2002

71 2011, S, F,

fl .

T C $115.4

2012,

2012

. P ,

, SUV , 2004 2008,

,

- ,

2000. T $15

fl 2012

, f

.

O 10 ,

$119 $145 , ,

f, ,

S, F, C ,

,

. A

2002 2010,

$33.8

2008. T 2008

C

fl . A

$14.3 2012, C

- f

.

V ,

,

. Y--

fl

. F , - 2003 2007

f f ,

,

2004 2008. T C

ff

,

.

S

2003,

VEHICLE SICKER REVENUE

$ Mii

$96.0

$90.3

$92.7

$96.7

$95.1

$97

.8

$98

.7

$10

5.7

$101.0

$99

.9

$

115.4

$60.1

$50.6 $

83.3

$46.2

$46.4

$45.1

$54.2

$41.2

$47.7

$40.5 $

38.3

$0

$20

$40

$60$80

$100

$120

$140

$160

$180

$200

Sticker Revenue Other Revenue

22


25/88



. T

, ,

,

,

, , ,

. O ,

,

2008. U

2010, C

- ,

- . W

C

;

C ff

W .

Motor Fuel Tax Fund

M (MF )

19

(21.5 ) S,

C . S

, MF

. T MF , ,

f .

A fl

. I

. P

. Cq,

ff

. M $83.0

2007 $69.0 2011,

2012. I 2010 2011, C

$12.5 S I J N!

, MF . B

S f , C

2014.

T MF f 10 ,

. T

f ,

,

C .

T $35.6

2009, $39.8 2010, $10.4

2011. B

C , j

f 2012. T C

MOOR FUEL AX REVENUE

$ Mii

$82.3

$70.

6

$82.7

$84.5

$83.3

$83.0

$75.

8

$74.

2

$73.

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$69.

0

$65.

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2

$1.

0 $

0.

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4

$0.0

$0.1

$1.

5

$12.

7

$12.

6

$12.6

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

MFT Revenues

Other Revenues

VEHICLE AX FUND EXPENDIURES

$ Mii

$168.6

$148.5

$146.6

$142.0

$165

.1

$133.8

$139.7

$136.8

$132.5

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180$200

$220

Workers Compensation Transfers OutUtilities Commodities, Materials & Misc.Healthcare Benefits Contractual ServicesSalaries & Wages

23


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f

$1.7 . T

ff

fl ,

.

E

j . Pj

,

, ,

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-

fl j. I

, CA

C .

A MF

. T q

. F , F 2011

C

2009 2010.

I , 55 60 -

. I , C

,

j-- . T

C q.

L 2009 2010

COUPE ff -2009

-2011,

,

C

.

L 2011

-ff COUPE .

Special Events and Hotel OperatorsOccupation Tax Fund6

T

C,

. I

, S-

1 ,

6 H, . T C 2011 D C Aff, O , M O S E.

MF FUND EXPENDIURES

$ Mii

$68.2 $

77.7

$72.6

$69.7

$81.8

$84.2

$59.5

$49.8 $

58.1

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

WINER WEAHER COSS

$ Mii $ T

$12.1

1

$14.6

5$20.9

0

$7.6

1

$33

.29

$31.1

3

$17.0

4

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3

$24.6

4

$9.0

9

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

$0

$5

$10

$15

$20

$25

$30

$35

$40

Salt Costs Labor CostsEquipment Costs Cost Per Inch

24


27/88



. T

C , ,

C . T

ff

.

B

2002

2008, $11.4 $18.4

$17.9 $23.3 , ,

2009 . H

2011,

$18.5 2012. R

f 2011

C

C P D . A , j $9.4 2012.

E fl C

,

ff C .

Mj fl

- f

C . T 50

2006

M P

. S

50 ,

$24.7 $11.3 , 2010 2011,

C C

P D, CC B, -C

C . I

2012, C C

C C B

C O

C C C,

C.

O f

. B

;

,

C

. A, ,

,

2008,

- .

EVEN FEE & HOEL AX REVENUE

$ Mii

$17.9

$18.5

$20.0

$21.3

$21.8

$22.5

$23.3

$19.5

$18.0

$3.6

$9.4

$11.4

$12.6

$12.2

$13.8

$1

6.7

$17.7

$18.4

$14.0

$14.5

$18.0 $

18.5

$0.1

$0.0

$0.0 $

8.6 $

7.3

$7.6

$8.4

$9.9

$10.9

$10.7 $

8.2

$0

$10

$20

$30

$40

$50

$60

Event Fees Hotel Tax Other Revenue

SPECIAL EVENS AND HOEL AXFUND EXPENDIURES

$ Mii

$2

8.

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$29.

7

$43.

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$46.

7

$49.

0

$52.

7

$49.

1

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5

$25.

3

$0

$10

$20

$30

$40

$50

$60

Special Events & TourismCommodities, Materials & Misc.Healthcare BenefitsContractual ServicesSalaries & Wages

25


28/88



Library Funds

T C

C P L

, , .R

C . S

2008, $83.4 C

.7 T

2005

2008. T

$9.0 2012,

ff . T

, f, , .

L ff

ff C ,

-f .

2004,

C

, ff, ,

, .

H, 2005,

2003

, ,

.

A ,

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S

,

C-

H W L C .

CTA Real Property Transfer Tax Fund

I 2008,

f

CA,

, CA. B

,

. I

, $25.4 $35.2 , 2012

$35.5 .

Emergency Communications Funds

T C

O E

M C (OEMC)

C 911 .8 R

C.

T $1.25

2008,

$2.50

LIBRARY FUND EXPENDIURES

$ Mii

$70.7

$59.6 $

72.6

$73.4

$77.8

$84.0

$84.6

$84.9

$84.8

$0

$20

$40

$60

$80

$100

UtilitiesCommodities, Materials & Misc.Healthcare BenefitsContractual ServicesSalaries & Wages

7 T C P . E , $5.7 $83.4 , $4.3 .

8 OEMC . C 911- , OEMC, , , .

26


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. , ,

ff

,

. I , 2012,

--

- $2.50

7 ,

S . T

, $90.1

2012, $104.1

2008.

E , C

911 ,

f 911-

OEMC.

EMERGENCY COMMUNICAIONS SURCHARGE

$ Mii

$44.9

$45.0

$44.4

$41.0

$47.4

$52.1

$104.1

$97.8

$94.5

$96.6

$90.2

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$0

$20

$40

$60

$80

$100

$120

Revenue 911 Surcharge

27


30/88



Enterprise Funds

T C ,

, C

OH M A.9 T- ,

.

OHare and Midway Airport Funds

OH M

, , ,

- ,

. T

- .

W

C ,

C

- .

A fl

, C

. B OH M

,

2008 2009, .

T OH 4.1, $636.7 2003 $879.3

2011, M

6.8 , $128.6 2003 $218.2

2011. B

2012, $932.5 $223.7 , .

T

, , ,

. A j OH

M P ,

j ,

. O , 2003,

29 OH

27 M .

I , q

,

, ,

. E

9 P - S 2005, C S . T L- A L R F .

OHARE AIRPOR FUND

$ Mii

MIDWAY AIRPOR FUND

$ Mii

$636.7

$645.4

$692.6

$697.5

$751.4

$803.4

$811.8

$834.5

$879.3

$0

$200

$400

$600

$800

$1,000

$1,200

Interest Expense Depreciation & AmortizationRepair & Maintenance Professional & EngineeringMaterials, Supplies & Other EnergySalaries, Wages & Benefits

$128.6

$138.4

$171.0

$188.1

$211.1

$217.6

$206.6

$224.5

$218.2

$0

$50

$100

$150

$200

$250

$300

Interest Expense Depreciation & AmortizationRepair & Maintenance Professional & EngineeringMaterials, Supplies & Other EnergySalaries, Wages & Benefits

28


31/88



,

,

.

S, , f ,

ff

C ,

. P

1.6 OH ,

$167.9 2003 $190.8 2011,

2.2 M ,

$36.6 2003 $43.6 2011.10

H, ,

, 27 2003 21 2011.

Water and Sewer Funds

T C

.11 T ,

, C .

L C ,

C

. O

ff , ,

C .

2003

2006,

2004

. I

2006 fl

. H, 2007

, 14 , $74.3

2006 $141.5 2011,

2006, 2008, 2010.

P

,

C I

.

WAER FUND

$ Mii

$318.9

$297.9

$326.4

$324.0

$350.2

$371.3

$382

.5

$39

9.4

$416.3

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

Administrative & GeneralCustomer Accounting and CollectionOtherDepreciation & AmortizationTransmission and DistributionInterest ExpensePurificationPower and PumpingCentral Services & Reimbursements

SEWER FUND

$ Mii

$191.5

$171.4

$177.6

$168.0

$172.6

$197.0

$219.3

$227.8

$227.9

$0

$50

$100

$150

$200

$250

$300

Interest Expense Administratrive and GeneralEngineering MaintenanceReimbursements RepairsDepreciation & Amortization

10 T OH 2011, q .

11 W , .

29


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I , C

,

fl, -, .

T C $22 2010 $20 2011

, ,

;

fl

.

I

, 2012

0.373 0.474

. T 0.762 . T

C

C . D

C

I . T

C ,

,

j

.

30


33/88



GF

Grant funding is a significant and recurring source of C, 20

C 10 . TC ,, , , , . T C C .

Sources of Grant Funding: 2002 - 2011

Grant funding has provided an average of $1.40 billion

. F 2009 2011 fl F AR R A (ARRA) .12

S -- fl C - j. D , C

81 ( ARRA), 15 , 3 . I , C- , . S $28 , 2 , .

Grantfundsarereceivedonvariousfiscalyeartimeperiods, C f. T fl

, .

12 ARRA - j , , , , ff , f .

13 D , 2002 2005 fl C . F 2006 2011, .

GRAN FUNDING SOURCES 13

$ Mii

$1,3

16.5

$1,2

29.5

$1,1

44.7

$1,0

81.1

$1,2

61.4

$1,1

43.7 $

1,4

21.1 $

1,6

87

.3 $1,9

71.3

$1,7

01

.7

$1,9

21.6

$0

$500

$1,000

$1,500

$2,000

$2,500

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 YEEst

Federal State Public/Private Program Income Stimulus Federal

31


34/88



Uses of Grant Funding: 2002 - 2011

GrantssupportawidevarietyofCityservicesandfunctions.

T

ff 10 ,

. T

.

Finance and Administration

T F

A O B

M, D I ,

D F, D L.

T , 2011

ARRA , - ,

f . F

f 2012

ARRA.

City Development

I C D , D

H E D D

C Aff S E recipients of grant funding. Grant funding in this area

2009 2011

$169 N S P

,

HOME I P ,

f ff ,

, - . F

HOME 51

2011 2012, 9

C D .

Community Services

T C

S D F S

S, D P H, C

14 D , 2002 2005 fl . F 2006 2011, . F 2012, .

$1,3

16.5

$1,2

29.5

$1,1

44.7

$1,0

81.1

$1,2

61.4

$1,1

43.7 $

1,4

21.1

$1,6

87.3 $

1,9

71.

3

$1,7

01.7

$1,9

21.6

$0

$500

$1,000

$1,500

$2,000

$2,500

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 YEEst

Community Services TransportationCity Development Public Service EnterprisesPublic Safety Finance and AdministrationRegulatory Streets and Sanitation

GRAN FUNDING USES 14

$ Mii

32


35/88



P L, M O P

D. C S

j,

, ,

, - . T

,

ARRA, ARRA ,

C S .

Public Safety

Grants to the Office of Emergency Management and

C, P D, F

D P S . O

, P S - C,

$65.6 2002 $280.0

2012. A f

U A S I,

$149 2007

, , q

-, -

.

Regulatory

R

, ,

. S

D B,

D B Aff C

P, A C C,

-.

Infrastructure Services

T D S S CD (CDO)

, CDO

C .

- fl

j,

, , , CA ,

, S F

j. A f CDO

C M

A Q j

q - .

Public Service Enterprise

T P S E

D W M A,

A

.

Grant Funding Going Forward

T j ARRA 2012, ARRA , C -2009 . I ,

. T . F -, 2011 2012, C Community Development Block Grant (CDBG), which , , , 22 , $18.7 . D , C HInvestmentPartnershipGrant,afederally-fundedgrantsup- ,

51 .

T C ff

fl, ,

- ,

J 2011. A ff,

,

, C .

I , C

, -

ff;

C ; q .

33


36/88



Property ax Funds

P f C

q .

T C. T C

-

C

f . A ,

2012, C

C .

City Property Tax Levy

T C fl

C . T

C C

, C 20

.

T C

, q

(EAV) , EAV

:

A

q

. F ,

S

q. T C,, j S-

. I, C

- .

A EAV

- q

EAV IF.

P C

. T C EAV, fl

C

, ,

.

T C

EAV

. T

EAV ,

.

A C EAV ,

C .

T 1.452 2002. B 2009,

- 0.986 .

B 2010, , C EAV fl

. I

2010, C EAV 3 2009 ,

2011, EAV 8.5

. A EAV , C

, 2011 C

1.110 , f 2002 2009.

I C EAV

2012

C; ,

.15 T C

2012 C , L

R P ,

EQUALIZED ASSESSED VALUE AND CIY AX RAE

$ Mii Efi R

$45,3

00.0

$53,2

00.0

$55,3

00.0

$59,3

00.0

$69,5

00

.0

$73,70

0.0

$81,0

00.0

$84,600.0

$82,1

00.0

$75,12

7.0

1.4

5%

1.2

6%

1.1

9%

1.1

5%

1.0

1%

1.0

0%

1.0

3%

0.9

9%

1.0

2%

1.1

1%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1.6%

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

EqualizedAssessed

Value

Equalized Assessed Value City Tax Rate

15 P , 2012 fl 2011 .

34


37/88



,

18 21 , .

A,

2013 ,

$12,000 $6,000 EAV.

Use of City Levy Revenues

T C

C

f C P L.

S 2008,

$83.4 , $713.6 C

- .16 T

C S R

F .

T C

C

. F 2004

2007,

C C

. A C

, C

, fl .

T

2002 2012.

I ,

,

PPR -

(- )

. F ,

-

,

ff. A f

2015 S ,

P .

PROPERY AX LEVY ALLOCAION

$ Mii

16 T C C C , $37 . T C . H, C C , .

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Debt Service Pension Contributions Library Corporate Total City Levy

35


38/88



TIF Revenue

D C

C ,

-- C

f (IF) . T IF C

EAV

IF ,

( ) j,

, . T EAV IF

, C

,

IF

C . H

IF

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W IF , EAV

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. I 2012, C

EAV C R,

C B, W R/ P C

. B , C

C

C . T $1.1

2012,

. T C

EAV IF .

2011 PROPERY AX REVENUE

$ Mii

City Levy56.2%$713.6

LibraryLevy6.6%$83.4

TIF37.2%$533.3

36


39/88



City Workorce

A C

f f

C . T C -

,

, ,

. T

j C .

A ,

-,

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,

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63 C

,

9 .

T

,

. F 2003 2011,

76 ,

74 2003 78

2011. , 61

C , 54 2003.

T C

40,506 (42,392 FE) 2003

32,326 (33,744 FE) 2012,

20 , 8,180 (8,648 FE).

H, , C

14 , 11

29 2003

2011. T C

$58,299 2003 $96,082 2011.

Union Workforce

T

CIY WORKFORCE AND COS PER EMPLOYEE

42,3

92

41,5

50

40,3

18

40,3

53

40,2

64

40,1

08

37,4

85

36,9

70

36,6

17

33,7

44

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

FTEs Cost Per Employee

37


40/88



j

C . , 89 C

, 87 2003. A

C , . S 2003,

- ,

, 36 ,

5,142 3,316 (5,397 3,562 FE),

18 ,

35,364 29,010 (36,994 30,183 FE).

T C

40 ff . T

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F O P C FfU, 16,033

. W , ,

,

17,486; 18,549 2003,

2012 . M

f ,

.

T

C U P E (COUPE), 5,959 (6,863 FE),

8,442 (9,587 FE) 2003. T

A F S, C, M

E (AFSCME) ,

C. M AFSCME 5,843

C (6,278 FE) 2003 3,529

(3,583 FE) 2012. T S E I

U (SEIU) 1,893

(2,097 FE), ,

, , 467 (310 FE) 2003.

T

j ,

. D

2003 2006,

COUPE AFSCME

3 ,

f

4 . T

f 10

2007 2012. T

COUPE AFSCME 16

2007 2012. T SEIU

9 2007 2010.

T

. H, -

q

(-) ; , 2009, -

.

A C

, SEIU,

f , , , ,

AFSCME, ,

, C .

Healthcare Costs

A f C , , , ,

C C . Sf,

C , C ,

. L

, C -

,

-

. D C ,

-ff C -

.

2012 CIY WORKFORCE, UNION VS. NON-UNION

Union89%

Non-

Union11%

38


41/88



B 2003 2010, C

$309.8 $405.4 . T

2005 2006 f

, j

. H 2011 $398.6 ,

2011,

C , ,

.

T f

C

,

,

, S F

q.

B 2003 2011,

C 10

, 134,626 121,392. H,

, C

20

11

. W

f C

, 40 2003 47 2011,

q

. I , , , C

.

U.S. C

. A ,

U.S. 42 2003

2011. F,

q,

. A -

, C

.

T f

fl; , C

,

f -

. I

-

, C

. T

. P

- -

,

. B

,

, , , ,

C

. T

,

,

C j . I $20

2012, .

CIYWIDE HEALHCARE COSS

$ Mii

$309.8

$299.6 $

340.2

$318.4

$341.8

$371.8

$394

.0

$40

5.4

$398.6

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

39


42/88



Overtime Management

S 2003, C

96

C . T C 27

2007 ff

. M ,

ff,

2009 COUPE ,

. T COUPE

-2011, C

.

I , C

C

. B f

,

f ,

ff. D ,

, -

.

Workers Compensation

B 2003 2011, C

$58.4 $114.5 . T

j C,

, ,

. A

. N, f

, j

. A ,

,

C. I ,

,

j

f ,

.

T C f

. A

D E H S C

D F F

M,

--

. I , C ,

,

-- j .CIYWIDE WORKERS COMPENSAION

$ Mii

$58.4

$64.2

$56.4

$59.3

$76.0

$74.8

$95

.3

$

105.8

$114.5

$0

$20

$40

$60

$80

$100

$120

$140

40


43/88

Financial Forecast



44/88


45/88


Financial Forecast

INRODUCION

T C 2012 -

, 2013 j,

2014 2015 , ,

. T j

,

,

C f. T

2013

C f

-

f q .

T ,

C,

. A , j 2013

$369 , f

, f. A

j C j

.

GENERALANDECONOMICCONSIDERAIONS

A ,

2011 2012

. T J F

,

j 1.9

2.4 ,

j A. I ,

E f .

T

. C

1.7 , ,

M 2011 M 2012. H,

,

ff C. T

j; ,

,

q . T

2013 j 2014-2015

.

T 2014-2015

, , ff C f

.

I

C

,

C

. H,

C ff

C f. I ,

2015 S

. T C

,

PPR . T C

$467

2014 $1.2 2015. I

q, C

C ,

, f

C .

2012 CORPORAE FUNDYEAR-END ESIMAES

2012 Year-End Revenues

2012

$3.12 . T $143.5

2011, 2012

ff , ,

2011.

C f

0.8 2012 . T -

fl C

- , ff

. Mj

, -

F H

R .

43


46/88


Financial Forecast

U f

2012,

,

f

35 2011. A , - 20

.

,

. P

,

,

.

A , ,

f 1 7 ,, C

. R

f 11

, 6 . S,

f

, q -

,

, ff

S

.

Y-- ;

,

.

O , C

5 . D

,

f 20 ,

f

.

A f q f

, j 17 . PPR

, -,

.

T C - f

,

, f,

. T ff

- C

, , C-

.

2012 Year-End Expenditures

2012 - $3.09

, $8 2012

. T --

, ,

,

2012.

A 2012

,

. T , ,

- ;

ff

.

2012-2013 ESIMAED EXPENDIURESAND REVENUES

$ Mii

2012 YE E. 2013 Pj

R $3,123 $2,835

E $ 3,090 $3,204

Budget Surplus/(Defcit) $33 ($369)

44


47/88


Financial Forecast

I j C

f $33 ; ,

j

f

. T C , C

q .

2013 CORPORAE FUNDPROJECIONS

T ff C , , . W - 2008 $217.7 , C f . T . H, , C - , j - C S

, .T - C f , C , C

.

T 2013 $369 , , f . T 2012 . H, f , C f .

Corporate Fund Revenues

R 2013 j

9 2012 -

$3.12 $2.83 2013. T

fl 2011

2012

CORPORAE FUND PRELIMINARY GAP

$ Mii

($115.3)

($58.3)

($116.1)

($115.5)

($220.4)

($94.1) ($64.5)

($217.7)

($420.0)

($519.7)

($654.7)

($635.7)

($369.0)

$700

$600

$500

$400

$300

$200

$100

$0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

45


48/88


Financial Forecast

. T j

. I ,

j C

2012 2013.

T 2013 j

2012

,

, .

. T

2013,

. V 2013,

.

A ,

fl ,

2013. R 2012

2013,

q - ff

.

C

2013, fl ;

, fl

C 2013. R

j

2012 , .

T 2013 j

, 2012.

PPR 2013,

, ,

$15 2012, .17

A C

q C ,

2013, 4

- 2012 .

Corporate Fund Expenditures

2013 j 2012

$106 , 3.4

, $3.20 . T j

2012 - , j

q C

,

, .

T j

C C

. N -

. C-

C 2013

C C O.

2014-2015 CORPORAE FUNDOULOOKS

T j 2014 2015 ff

.

Base Outlook

T j

0.7 2014, 0.7

2015, $2.85

2014 $2.83 2015. T j

2013 , , ,

, , - . H,

j

. S 2013

j ,

17 T , P .

46


49/88


Financial Forecast

. R

50 2014

,

2015. F 2013,

j 2014

fl 2015. I , 2015, PPR fl

f j ,

P .

W j

2013 2014 2015,

j 3.0

, $3.32 2014 $3.41

2015. U ,

, , ,

, , -

.18 L ,

j- ,

fl . S

,

, j

- q

fl, , ff, f

, ff, ,

- .

U j

, C

$466 2014 $580

2015.

Negative Outlook

T C f

ff C f. U , 3.7 2014,

1.8 2015,

$2.73 2014

$2.68 2015. T

.

T

,

,

. A

, , ,

, , . S,

,

fl, j

. U j,

2013,

2014 2015 2

2015. T

,

, f ,

- .

A ,

C

, f

, 4.9

2014-2015 PROJECED GAP

$ Mii

2014 2015P O ($331) ($360)

B O ($466) ($580)

N O ($655) ($851)

18 L- 2003 2011, C .

47


50/88


Financial Forecast

$3.34 2014 $3.53 2015. U

,

, -

. L 2003-

2011 . S j

- q

, ,

- ,

ff

. U , C

$655 2014

$851 2015.

Positive Outlook

T

,

C .

U , 3.1 2013

2014, 0.7 2015,

$2.92 2014

$2.94 2015. T j

, , ,

, , . I ,

,

. PPR

,

ff fl

. N-

C .

U , C

ff , j

1.5 ,

$3.25 2014

$3.30 2015. U ,

, , ,

, , fl 2012 . M

$2,200

$2,400

$2,600

$2,800

$3,000

$3,200

$3,400

$3,600

Revenue Expenditures Balanced Budget Level

($369)

($466)

($580)

PROJECED EXPENDIURES AND REVENUES 2013-2015

$ Mii

48


51/88


Financial Forecast

. T

- q ,

- .

U , C

$331 2014 $360

2015.

Conclusion

E j, C

. T C -

f. T

f , 2013 .

Outlook or Special Revenue Funds

Vehicle Tax Fund

T C 2012 -

2013, $115.4 . I j

1 2014

2015, $116.5 $117.7 , ,

. T

ff

,

- 2012 2013

- . O

2012 2015.

A F H R

, f

. T C

2012 , ff

accordingly.Goingforward,theCitywillcontinuetobalance

C

ff .

PROJECED VEHICLE AX FUND REVENUES

$ Mii

$115.

4

$115.

4

$116.

5

$117.7

$38.

3

$39.9

$37.9

$38.1

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

Sticker Revenue Other Revenue

49


52/88


Financial Forecast

Motor Fuel Tax Fund

I C

2012 4 5

2011 . T

, ff ,

. Pj

,

.

I , S I J N!

2014. F C

fl

2010, $12.5

. T

2015 .

A F H R

,

, f --

,

. T

f , f

2012 , C

.

Special Events and Hotel OperatorsOccupation Tax Fund

, , C

. I

, ,

7 10 ,

2015. B

, C

,

.

Emergency Communications Funds

T C f

6 ,

2015

.

T 911-

OEMC,

C 911 .

,

.

PROJECED HOEL AX REVENUE

$ Mii

$18.6

$19.1

$20.1

$21.1

$0

$5

$10

$15

$20

$25

PROJECED MOOR FUEL AX FUND REVENUES

$ Mii

$65.

4

$63.

4

$62.

1

$60.

9

$12

.5

$12

.5

$12.

5

$0

$10

$20

$30

$40

$50

$60

$70

$80

MFT Revenue Other Revenue

50


53/88


Financial Forecast

Outlook or Enterprise Funds

Water and Sewer Funds

R

2012 . T

C I

. T - j

,

ff

.

Aviation Funds

T 2013 OH M A

,

, 2012 3.2

$962.7 3.5 $231.7 ,

. T C j

2014 2015

j

.

PROJECED AVIAION FUND RESOURCES

$ Mii

$932.5

$962.7

$996.4

$1,0

31.3

$223.7

$231.7

$239.8

$248.2

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

O'Hare Midway

PROJECED WAER AND SEWER FUND RESOURCES

$ Mii

$253.8

$280.2

$343.6

$401.5

$53

2.7

$

592.4

$664.6

$743.7

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

Sewer Water

PROJECED EMERGENCY COMMUNICAIONSSURCHARGE REVENUE

$ Mii

$90.2

$89.2

$88.3

$87.4

$0

$20

$40

$60

$80

100

51


54/88


55/88

Long-erm AssetLease And Reserve Funds



56/88


57/88


Long-erm AssetLease And Reserve Funds

Introduction

R, ,

,, . A

f .

T C

,

,

- C . T

C ,

, . T

C . T2012

$20 C - ,

C

f .

T C ,

C -

. T

C

F H R .

Water and Sewer RateStabilization Funds

T C

. T

C f

,

f

. A

.

T

, j $50 , 2003 2009.

I 2010, $10

j $60 ,

2011. T

. I 2003,

$8 . B2010, $25, 2011.

Asset Lease Reserves

Midway Airport Security Funds

I 2008, C

- M A. T

$126.1 C

2009. $13.1 ,

$33 ff , $40

2009. T $40

,

, $20

2010, f $20

2011.

Skyway and Parking Meter Lease Funds

I 2005, C 99-

C S,

S. I , C

$1.83 . A $850

ff , $446.3

S

. I 2009, C 75-

,

C

$1.15 . B

- ,

- , .

A

.

55


58/88


Long-Term Asset Lease And Reserve Funds

19 T , , .

Long-Term Reserves

T C $500 -

C S . T

,

C . T

- $500

, fl

.

T C $400 -

. T

( $20

5

), $400

. H, 2009, C

C . I

2009, $20 ,

$160 C 2010.

T 2011 $140

. U

$400

. T 2012 $20

- .

Mid-Term Reserves and Budget Stabilization Fund

T C - $375

$325 , ,

S . B . T

S -

, 2011

$50

ASSE LEASE FUND BALANCES 19

$ Mii

Deposit 2005 2006 2007 2008 2009 2010 2011 2012Budget

Skyway Mid-Term $375 $275 $225 $150 $100 $50 $0 $0 $0

Skyway Long-Term $500 $500 $500 $500 $500 $500 $500 $500 $500

Skyway Human Infrastructure $100 $66 $41 $26 $11 $0 $0 $0 $0

PM Mid-Term $325 $175 $75 $0 $0

PM Long-Term $400 $380 $220 $80 $100

PM Human Infrastructure $100 $100 $76 $36 $23

PM Budget Stabilization $326 $102 $0 $0 $0

Total $2,126 $841 $766 $676 $611 $1,307 $871 $616 $623

$2,1

26

$841

$766

$676

$611

$1,3

07

$871

$616

$623

$0

$500

$1,000

$1,500

$2,000

$2,500

56


59/88



RANSFERS O CORPORAE FUND 20

$ Mii

20 T S M- 2005 $50 2004. A .

21 I 2009, $50 . T $100 C D 2008 .

. T -

2011. T

-

$150

2009, $50 2010, $50 2011, $100

2012. H, $150 2009

$100 2010,

$75 ,

, 2011.21

T

$326.4 . T C

. T

2010. A ( $600,000)

2012.

Human Infrastructure Reserve Funds

T C $100

S

q

C . T S

2009,

( $4.5

) 2011. T

- 2011

$36.4 , $13.2

2012.

P

C

, , ,

:

Training and employing currently unemployed

C j;

2005 2006 2007 2008 2009 2010 2011 2012Budget

Midway Security $0.0 $0.0 $0.0 $0.0 $40.0 $20.0 $20.0 $0.0

Skyway Mid-Term $100.0 $50.0 $75.0 $50.0 $50.0 $50.0 $50.0 $0.0

Skyway Long-Term $18.2 $27.4 $26.5 $28.9 $25.1 $26.2 $18.0 $18.0

Skyway Human Infrastructure $34.0 $25.0 $18.7 $15.0 $11.3 $0.0 $4.5 $0.0

PM Mid-Term $0.0 $0.0 $0.0 $0.0 $150.0 $100.0 $80.0 $0.0

PM Long-Term $0.0 $0.0 $0.0 $0.0 $20.0 $160.0 $139.9 $2.0

PM Human Infrastructure $0.0 $0.0 $0.0 $0.0 $0.0 $23.5 $40.8 $13.2

PM Budget Stabilization $0.0 $0.0 $0.0 $0.0 $217.6 $103.8 $0.0 $0.0

Total $152.2 $102.4 $120.2 $93.9 $514.0 $483.5 $353.2 $33.2

$152.2

$102.4

$120.2

$93.9

$51

4.

0

$48

3.

5

$353.

2

$33.2

$0

$100

$200

$300

$400

$500

$600

57


60/88



Providinghome-deliveredmealstoseniorcitizens;

Enabling the continued development of multi-

ff ;

Oering rent and home-heating subsidies to low ;

Funding after-school and summer educational,

, j- ;

Increasingaccesstocapitalandotherresourcesfor

;

Maintaining shelter, food,and supportive services

C , , -

.

Asset Lease Funds Going Forward

A 2011,

C $623

. T j $500

S - , $23

$100 - .

T 2012

C

. O - -

, , C

$20 C

- 2012.

58


61/88

Capital Investments



62/88


63/88


Capital Investments

Introduction

T C

, , C

. C ,

, q C .

C j

, ,

, , k , . F

, ,

, ,

fi, /

.

P

-k C

q

ff

. L

,

.

Capital Investment: 2002-2011

T C

$16.9 10

2002 2011. G

C-

fi . M

-

, ffi fi . W

C

fi .

B C

C ,

C 10

.22 IF

. S

- .

Local Bond-Funded Capital Outlay

F 2002 2011, C z

(, ) $2.4

. T z

j , :23

G, C k ,

, , , ,

, , k,

, j.

F, C

, fi , ,

, .

I,

, , , , ,

k, , ffi , k

, k, ,

.

A j,

, $1.32

fi

. O ,

k,

,

,

Pk D ($11.5), C P S ($2.4 ),

C A ($500,000).

22 T M OH A , , .

23 I C j k , C H A P , k j A C E, ADA . T C $62.5 10 CHA P , C Pk D $62.2 k

C E. F k C , ADA ; C $144.0 ADA- 2002. G , D .

61


64/88


Capital Investments

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Menu Funds $89.3 $71.4 $64.7 $61.2 $54.2 $85.9 $93.4 $94.4 $81.4 $102.0

Greening $40.4 $30.4 $46.5 $23.3 $32.7 $28.0 $20.7 $19.0 $15.7 $5.8

Infrastructure $92.1 $124.9 $77.2 $38.6 $64.3 $74.8 $54.0 $36.8 $28.9 $26.0

Facilities $165.3 $169.5 $9.4 $41.6 $47.4 $47.3 $114.9 $35.8 $40.0 $24.9

Total $387.1 $396.2 $197.8 $164.7 $198.7 $236.1 $283.0 $185.9 $166.0 $158.7

$387.

1

$396.

2

$197.

8

$164.

7

$198.

7

$236.

1

$283.

0

$185.

9

$166.

0

$158.

7

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

M -

, , ffi

, fi .

T 2002 2003

N A ,

( 2000)

fi . A

2003,

- j. T -fi

2008 fl

,

. L - 10

C

ff .

Water and Sewer Bond-Funded Capital Outlay

W ,

. P

.

F 2002 2011, C $1.4

. F fl

CAPITAL USES OF LOCAL BOND FUNDING

$ Mos

$0.0

$0.0

$87.5

$0.0

$62.6

$0.0

$150.0

$0.0

$248.2

$0.0

$220.

0

$376.0

$277.6

$0

$50

$100

$150

$200

$250

$300$350

$400

$450

$500

$550

WATER AND SEWER BOND ISSUANCES

$ Mos

62


65/88


Capital Improvement Program Analysis

C

. T C z

.

Capital Improvement Program:2012 - 2016

T C

$7.7

fi . T

fi- . D

, , ,

j 2016

C .

Mj j fi

:

Sfi C ,

Wk

D M S V B

S

Ok B M ($377

);

N ,

C

($376 );

T B /Bk

P, 2.65

- k

k ($51.6 );

R Ck D S

($102 ) W

W ($80 ),

k Ck R

G L ($50 ).

T C $3

fi

, k - . C,

C

fi k , ,

fl . T C $22

2010 $20 2011 k

, k,

k.

T C

-

CAPITAL FUNDING SOURCES, 2012-2016 24

$ Mos

Bond Funds$5,475.971.1%

City Funds$122.41.6%

Federal Funds$1,320.617.2%

TIF Funds$307.74.0%

Other Funds$253.13.3%

State Funds$216.82.8%

24 O $5.5 , 56 31 .

63


66/88


Capital Investments

j

880 -

, 750 , 140,000 ,

- . T ,

,

C , j,

C

.

Building A New Chicago:A Comprehensive Capital Plan

T C, k , ,

. A ,

C -

C

. W , M

E M -

B N C

z C . T

C

, z ffi z

, z

. T ff 30,000

j .

Increased Coordination in Infrastructure Planning

A B N C

C ,

CA CHA, .

O

-

C

k.

I ,

,

. G ,

, ,

,

, j

. T z

CAPITAL FUNDING USES, 2012-2016

$ Mos

Sewer/Water$3,040.739.5%

Aviation$2,198.328.6%

Greening$136.41.8%

Infrastructure$2,229.129.0%

Facilities$92.01.2%

64


67/88


Capital Investments

.

Reform of the Aldermanic Menu Process

A B N C

. A

ff j,

C, D W M,

-- C

, , ,

k ;

; ,

. T -,

;

fi , C ,

, . T C

fi

q 2012

z

.

Te Chicago Infrastructure rust

T , M C C

C fi

I . Lk ,

, fi

j. T fi-,

fi, , , .

T C I fi

j

,

j ,

. F j, z fi

z, fi,

. I j

,

j . T fi j

Rfi C, fi C-

, CPS . T j

z fi.

65


68/88


69/88

TIF



70/88


71/88


IF

Introduction

C I F (IF)

1984 , ,

C , j, .

T I

C

qz (EAV)

IF , (

) j, ,

. T

ff

,

-

, IF .

IF Revenue: 2002-2011

A 2002, C 112 IF , 105

. B

2002 2011, C 62 IF ,

. F . T C

154

163 IF 2011, $532.9 . T

C

IF 10 .25 T fi IF

IF ,

C L IF, 2008

IF 2009.

25 T , q . N , IF . S

z IF IF 1999. S $447,700 $2.5 IF 2002 2011 .

TIF REVENUE BY SOURCE

$ Mos

$149.

1 $

224.

8

$289.

4

$377.

5

$409.

3

$533.

5

$567.

4

$

481.

9

$4

75.

1 $

city of chicago annual financial analysis 2012

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