City of Evanston, Illinois

City of Evanston, Illinois
_________________________________________________________________
Annual Comprehensive Financial Report
For the Year Ended December 31, 2021

-- 1 of 202 --

CITY OF EVANSTON, ILLINOIS
ANNUAL COMPREHENSIVE
FINANCIAL REPORT
For the Year Ended
December 31, 2021
Prepared by the Finance Division of the City Manager’s Office

-- 2 of 202 --

CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS
Page(s)
INTRODUCTORY SECTION
Principal Officials ......................................................................................................... i
Organization Chart ........................................................................................................ ii
Certificate of Achievement for Excellence in Financial Reporting .............................. iii
Letter of Transmittal ..................................................................................................... iv-xii
FINANCIAL SECTION
INDEPENDENT AUDITOR’S REPORT .................................................................... 1-4
GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS
Management’s Discussion and Analysis .................................................................. MD&A 1-8
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Position ............................................................................... 5-6
Statement of Activities ................................................................................... 7-8
Fund Financial Statements
Governmental Funds
Balance Sheet............................................................................................. 9-10
Reconciliation of Fund Balances of Governmental Funds to
the Governmental Activities in the Statement of Net Position ................ 11
Statement of Revenues, Expenditures, and
Changes in Fund Balances ....................................................................... 12
Reconciliation of Governmental Funds Statement of Revenues,
Expenditures, and Changes in Fund Balances to the Governmental
Activities in the Statement of Activities .................................................. 13

-- 3 of 202 --

CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS (Continued)
Basic Financial Statements (Continued)
Fund Financial Statements (Continued)
Proprietary Funds
Statement of Net Position .......................................................................... 14-15
Statement of Revenues, Expenses, and
Changes in Fund Net Position ................................................................. 16
Statement of Cash Flows ........................................................................... 17-18
Fiduciary Funds
Statement of Fiduciary Net Position .......................................................... 19
Statement of Changes in Fiduciary Net Position ....................................... 20
Notes to Financial Statements ............................................................................. 24-78
Required Supplementary Information
Schedule of Changes in the Employer’s Total OPEB Liability
and Related Ratios
Other Postemployment Benefits Plan ................................................................. 79
Schedule of Employer Contribution
Illinois Municipal Retirement Fund ............................................................... 80
Police Pension Fund ....................................................................................... 81
Firefighters' Pension Fund .............................................................................. 82
Schedule of Changes in the Employer’s Net Pension Liability
and Related Ratios
Illinois Municipal Retirement Fund ................................................................ 83-84
Police Pension Fund ....................................................................................... 85-86
Firefighters’ Pension Fund ............................................................................. 87-88
Schedule of Revenues, Expenditures, and Changes in Fund Balance -
Budget and Actual - General Fund .................................................................... 89

-- 4 of 202 --

CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
GENERAL PURPOSE EXTERNAL FINANCIAL STATEMENTS (Continued)
Required Supplementary Information (Continued)
Schedule of Investment Returns
Police Pension Fund ....................................................................................... 90
Firefighters’ Pension Fund ............................................................................. 91
Notes to Required Supplementary Information .................................................. 92
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES
MAJOR GOVERNMENTAL FUNDS
Schedule of Revenues - Budget and Actual - General Fund ............................... 93-96
Schedule of Expenditures - Budget and Actual - General Fund ......................... 97
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
General Obligation Debt Fund ....................................................................... 98
NONMAJOR GOVERNMENTAL FUNDS
Combining Balance Sheet ................................................................................... 99-102
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances .......................................................................... 103-106
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Motor Fuel Tax Fund...................................................................................... 107
Emergency Telephone System Fund .............................................................. 108
Affordable Housing Fund ............................................................................... 109
HOME Fund ................................................................................................... 110
Community Development Block Grant Fund................................................. 111
Schedule of Expenditures - Budget and Actual (Budgetary Basis)
Community Development Block Grant Fund................................................. 112
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Community Development Loan Fund ............................................................ 113
Special Service District No. 9 Fund ............................................................... 114

-- 5 of 202 --

CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES (Continued)
NONMAJOR GOVERNMENTAL FUNDS (Continued)
Schedule of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
Reparations Fund ............................................................................................ 115
ARPA Fund .................................................................................................... 116
Good Neighbor Fund ...................................................................................... 117
General Assistance Fund ................................................................................ 118
Capital Improvements Fund ........................................................................... 119
Crown Construction Fund .............................................................................. 120
Crown Maintenance Fund .............................................................................. 121
Special Assessment Capital Projects Fund ..................................................... 122
Combining Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual - Debt Service Funds ............ 123-125
ENTERPRISE FUNDS
Water Fund
Schedule of Revenues, Expenses, and Changes in Net Position -
Budget and Actual ........................................................................................ 126
Water Fund - Operation and Maintenance Account
Schedule of Operating Revenues - Budget and Actual .................................. 127
INTERNAL SERVICE FUNDS
Combining Statement of Net Position ................................................................. 128
Combining Statement of Revenues, Expenses, and
Changes in Net Position .................................................................................... 129
Combining Statement of Cash Flows .................................................................. 130
COMPONENT UNIT - PUBLIC LIBRARY
All Governmental Funds
Combining Balance Sheet/Statement of Net Position .................................... 131
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances/Statement of Activities...................................... 132

-- 6 of 202 --

CITY OF EVANSTON, ILLINOIS
TABLE OF CONTENTS (Continued)
Page(s)
FINANCIAL SECTION (Continued)
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES (Continued)
COMPONENT UNIT - PUBLIC LIBRARY (Continued)
Major Governmental Funds
Library Operating Fund
Schedule of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual .......................................................... 133
STATISTICAL SECTION
Net Position by Component .......................................................................................... 134-135
Changes in Net Position ................................................................................................ 136-139
Fund Balances, Governmental Funds ........................................................................... 140-141
Changes in Fund Balances, Governmental Funds ........................................................ 142-143
Equalized Assessed Value and Actual Value of Taxable Property .............................. 144
Principal Property Taxpayers ........................................................................................ 145
Property Tax Levies and Collections ............................................................................ 146
Ratios of General Bonded Debt Outstanding................................................................ 147
Ratios of Outstanding Debt by Type ............................................................................ 148
Direct and Overlapping Governmental Activities Debt................................................ 149
Legal Debt Margin ........................................................................................................ 150
Pledged-Revenue Coverage .......................................................................................... 151
Principal Employers ...................................................................................................... 152
Demographic and Economic Statistics ......................................................................... 153
Full-Time Equivalent City Government Employees by Function ................................ 154
Property Tax Rates per $100 - Direct and Overlapping Governments ......................... 155
Water Sold by Type of Customer (in 100 cubic feet) ................................................... 156
Water Sold by Major Customers................................................................................... 157
Operating Indicators by Function/Program .................................................................. 158
Capital Assets Statistics by Function ............................................................................ 159
COMPLIANCE SECTION
INDEPENDENT ACCOUNTANT’S REPORT ON COMPLIANCE
WITH STATE OF ILLINOIS PUBLIC ACT 85-1142 .............................................. 160

-- 7 of 202 --

INTRODUCTORY SECTION

-- 8 of 202 --

CITY OF EVANSTON
Principal Officials
December 31, 2021
______________________________________________________________________
LEGISLATIVE
Daniel Biss, Mayor
Clare Kelly 	1st Ward
Peter Braithwaite 	2nd Ward
Melissa A. Wynne 	3rd Ward
Jonathan Nieuwsma 	4th Ward
Bobby Burns 	5th Ward
Thomas M. Suffredin 	6th Ward
Eleanor Revelle 	7th Ward
Devon Reid 	8th Ward
Juan Geracaris 	9th Ward
Stephanie Mendoza, City Clerk
EXECUTIVE
Kelley A. Gandurski, Interim City Manager
David Stoneback, Interim Deputy City Manager
Hitesh Desai, CFO / Treasurer
ADMINISTRATIVE
Administrative Services Director 	City Attorney
Luke Stowe
Health and Human Services Director
Ikenga Ogbo
Community Development Director
Johanna Leonard
Parks, Recreation, & Community
Services Director
Lawrence Hemingway
Nicholas Cummings
Public Works Agency Director
Dave Stoneback
Interim Police Chief
Aretha Barnes
Fire Chief
Paul Polep
Library Director
Karen Danczak Lyons
- i -

-- 9 of 202 --

City of Evanston
Organizational Chart
- ii -
Residents
Mayor
City Council
City Clerk
Police
Fire
Community
Development
Public Works
Agency
Health and
Human
Services
Parks, Recreation
& Community
Services
Law
Administrative
Services
City Manager
Assistant City
Manager
CFO/City
Treasurer
Boards and
Commissions
Library

-- 10 of 202 --

Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Evanston
Illinois
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
December 31, 2020
Executive Director/CEO
- iii -

-- 11 of 202 --

City Manager’s Office
2100 Ridge Avenue
Evanston, Illinois 60201-2798
T 847.866.2936
TTY 847.448.8064
www.cityofevanston.org
July 6, 2022
The Honorable Mayor Daniel Biss,
Members of the City Council
City of Evanston, Illinois
INTRODUCTION
The Annual Comprehensive Financial Report (Annual Report) of the City of Evanston
(City) for the fiscal year ended December 31, 2021, is hereby submitted. The Annual
report is prepared by the City’s Finance Division in accordance with the financial
reporting principles and standards set forth by the Governmental Accounting Standards
Board (GASB). Responsibility for both the accuracy of the data and the completeness
and fairness of the presentation, including all disclosures, rests with the City. We
believe the enclosed data is accurate in all material respects and is reported in a
manner designed to fairly present the financial position and results of operations of the
various funds and capital assets of the City. All disclosures needed to enable the reader
to understand the City's financial activities have been included.
This report consists of management’s representations concerning the finances of the
City of Evanston for the period of January 1, 2021, to December 31, 2021.
Management assumes full responsibility for the completeness and reliability of all of the
information presented in this report. To provide a reasonable basis for making these
representations, City management has established a comprehensive internal control
framework that is designed to both protect the government’s assets from loss, theft, or
misuse and to compile sufficient, reliable information for the preparation of the City of
Evanston’s financial statements in conformity with Generally Accepted Accounting
Principles (GAAP) within the United States of America. Because the cost of internal
controls should not outweigh their benefits, the City’s comprehensive framework of
internal controls has been designed to provide reasonable, rather than absolute,
assurance that the financial statements will be free from material misstatement. As
management, we assert that to the best of our knowledge and belief, this financial
report is complete and reliable in all material respects.
The City is required to undergo an annual single audit in conformity with the provisions
of the Single Audit Act of 1984 as amended and U.S. Office of Management and Budget
Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations.
Information related to this single audit, including the schedule of federal financial
assistance, findings and recommendations, and auditors' reports on the internal control
- iv -

-- 12 of 202 --

- v -

-- 13 of 202 --

- vi -

-- 14 of 202 --

- vii -

-- 15 of 202 --

- viii -

-- 16 of 202 --

- ix -

-- 17 of 202 --

- x -

-- 18 of 202 --

- xi -

-- 19 of 202 --

- xii -

-- 20 of 202 --

FINANCIAL SECTION

-- 21 of 202 --

1415 West Diehl Road, Suite 400
Naperville, IL 60563
630.566.8400
INDEPENDENT AUDITOR’S REPORT
The Honorable Daniel Biss, Mayor
and Members of the City Council
City of Evanston, Illinois
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-
type activities, the discretely presented component unit, each major fund, and the aggregate
remaining fund information of the City of Evanston, Illinois (the City), as of and for the year ended
December 31, 2021, and the related notes to the financial statements, which collectively comprise
the City’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, the
discretely presented component unit, each major fund, and the aggregate remaining fund information
of the City of Evanston, Illinois, as of December 31, 2021, and the respective changes in financial
position, and, where applicable, cash flows thereof for the year ended in conformity with accounting
principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America (GAAS) and the standards applicable to financial audits contained in Government
Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities
under these standards are further described in the Auditor’s Responsibilities for the Audit of the
Financial Statements section of our report. We are required to be independent of the City and to
meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating
to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinions. The financial statements of the Evanston Public Library were
not audited in accordance with Government Auditing Standards.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America and for
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
- 1 -

-- 22 of 202 --

- 2 -
In preparing the financial statements, management is required to evaluate whether there are
conditions or events, considered in the aggregate, that raise substantial doubt about the City’s
ability to continue as a going concern for twelve months beyond the financial statement date,
including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinions. Reasonable assurance is a high level of assurance but
is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance
with GAAS and Government Auditing Standards will always detect a material misstatement
when it exists. The risk of not detecting a material misstatement resulting from fraud is higher
than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control. Misstatements are considered material if
there is a substantial likelihood that, individually or in the aggregate, they would influence the
judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS and Government Auditing Standards, we
• Exercise professional judgment and maintain professional skepticism throughout the
audit.
• Identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error, and design and perform audit procedures responsive to those risks.
Such procedures include examining, on a test basis, evidence regarding the amounts and
disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no
such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluate the overall
presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the
aggregate, that raise substantial doubt about the City’s ability to continue as a going
concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit, significant audit findings, and certain internal
control-related matters that we identified during the audit.
- 2 -

-- 23 of 202 --

- 3 -
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis and the required supplementary information listed in the
table of contents be presented to supplement the basic financial statements. Such information is
the responsibility of management and, although not a part of the basic financial statements, is
required by the Governmental Accounting Standards Board, who considers it to be an essential
part of financial reporting for placing the basic financial statements in an appropriate operational,
economic or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the
United States of America, which consisted of inquiries of management about the methods of
preparing the information and comparing the information for consistency with management’s
responses to our inquiries, the basic financial statements and other knowledge we obtained
during our audit of the basic financial statements. We do not express an opinion or provide any
assurance on the information because the limited procedures do not provide us with sufficient
evidence to express an opinion or provide any assurance.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City’s basic financial statements. The combining and individual fund
financial statements and schedules are presented for purposes of additional analysis and are not a
required part of the basic financial statements. The combining and individual fund financial
statements and schedules are the responsibility of management and were derived from and relate
directly to the underlying accounting and other records used to prepare the basic financial
statements.
The information has been subjected to the auditing procedures applied in the audit of the basic
financial statements and certain additional procedures, including comparing and reconciling such
information directly to the underlying accounting and other records used to prepare the basic
financial statements or to the basic financial statements themselves and other additional
procedures in accordance with auditing standards generally accepted in the United States of
America. In our opinion, the combining and individual fund financial statements and schedules
are fairly stated, in all material respects, in relation to the basic financial statements as a whole.
Other Information
Management is responsible for the other information included in the annual report. The other
information comprises the introductory section and statistical section, but does not include the
basic financial statements and our auditor's report thereon. Our opinions on the basic financial
statements do not cover the other information, and we do not express an opinion or any form of
assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the
other information and consider whether a material inconsistency exists between the other
information and the basic financial statements, or the other information otherwise appears to be
materially misstated. If, based on the work performed, we conclude that an uncorrected material
misstatement of the other information exists, we are required to describe it in our report.
- 3 -

-- 24 of 202 --

- 4 -
Other Reporting Required by Government Auditing Standards
In accordance with Governmental Auditing Standards, we have also issued our report dated
July 6, 2022 on our consideration of the City’s internal control over financial reporting and on
our tests of its compliance with certain provisions of laws, regulations, contracts and grant
agreements, and other matters. The purpose of that report is to describe the scope of our testing
of internal control over financial reporting and compliance and the results of that testing and not
to provide an opinion on internal control over financial reporting or on compliance. That report is
an integral part of an audit performed in accordance with Governmental Auditing Standards in
considering the City’s internal control over financial reporting and compliance.
Naperville, Illinois
July 6, 2022
- 4 -

-- 25 of 202 --

GENERAL PURPOSE EXTERNAL
FINANCIAL STATEMENTS

-- 26 of 202 --

MD&A 1
MANAGEMENT’S
DISCUSSION AND ANALYSIS
DECEMBER 31, 2021
The City of Evanston (the City) Discussion and Analysis is designed to (1) assist the reader in focusing on
significant financial issues, (2) provide an overview of the City's financial activity, (3) identify changes in
the City's financial position (its ability to address the next and subsequent year challenges), (4) identify any
material deviations from the financial plan (the approved budget), and (5) identify individual fund issues
or concerns. We encourage readers to consider the information presented here in conjunction with
additional information that we have furnished in our letter of transmittal, which can be found on page iv of
this report.
FINANCIAL HIGHLIGHTS
A. The City's net position increased by $50,875,884 from the prior fiscal year. The governmental net
position increased by $42,062,290 or 37% from the prior period and the business-type activities net
position increased by $8,813,594 or 2.9% from the prior period.
B. The governmental activities revenue increased by $23,544,324 or 16.9% from the prior period
principally due to increase in taxes and funding from other governmental agencies. The expenses
decreased by $28,168,387 or 18.6% principally due to decrease in Public Safety and Housing and
Development expenses.
C. The business-type activities revenue decreased by $1,717,133 or 3.6% principally due to decrease in
charges for services. The expenses increased by $433,502 or 1.2% from the prior period.
D. The total cost of all City programs decreased by $27,734,885 or 14.9%. This decrease was mainly
attributable to a decrease in public safety related expenses.
E. Total assets of the City increased by $62,987,482 mainly due to increase in cash, investments and
pension assets; while total liabilities went down by $14,516,800 due to decrease in pension liabilities.
F. Deferred outflows and inflows resources of the city had a net deferred inflows increase of $26,628,398
principally due to increase in the governmental net deferred inflows.
USING THIS ANNUAL REPORT
The financial statements focus on both the City as a whole (government-wide) and on the major individual
funds. Both perspectives (government-wide and major fund) allow the user to address relevant questions,
broaden a basis for comparison and enhance the City's accountability.
The City's financial reporting includes the funds of the City (primary government) and additionally,
organizations for which the City is accountable (component unit - the Library). Effective May 1, 2014 the
City of Evanston assumed all rights, powers, assets, properties and duties of the Evanston Township,
including the responsibility of providing the services that were previously provided by the Township. The
functions of the Township are reported along with the City, while the Library financials are shown as a
discretely presented component unit beginning in 2013.

-- 27 of 202 --

MD&A 2
REPORTING THE CITY AS A WHOLE
Government-wide Financial Statements
The City's annual report includes two government-wide financial statements. These statements provide both
short-term and long-term information about the City's overall status. Financial reporting at this level uses
a perspective similar to that found in the private sector with its basis in full accrual accounting and
elimination or reclassification of internal activities (e.g., the City’s Fleet Services Fund).
The first of these government-wide statements is the Statement of Net Position. This is the City-wide
statement of financial position presenting information that includes all the City's assets and liabilities, with
the difference reported as net position. Beginning in 2013, this statement also includes separate presentation
of Library assets and liabilities. Over time, increases or decreases in net position may serve as a useful
indicator of whether the financial position of the City as a whole is improving or deteriorating. Evaluation
of the overall financial health of the City would extend to other non-financial factors such as diversification
of the taxpayer base or the condition of City infrastructure in addition to the financial information provided
in this report.
The second government-wide statement is the Statement of Activities - which reports how the City's net
position changed during the current fiscal period. All current period revenues and expenses for the City
and Library are included regardless of when the cash was received or paid. An important purpose of the
design of the statement of activities is to show the financial reliance of the City's distinct activities or
functions on revenues provided by all government-wide sources.
Both government-wide financial statements distinguish governmental activities of the City that are
principally supported by taxes and intergovernmental revenues, such as grants, revenues from business-
type activities that are intended to recover all or a significant portion of their costs through user fees and
charges. Governmental activities include general government, public safety, public service, fleet service,
insurance fund, and culture and recreation. Business-type activities include water and sewer utilities, solid
waste services, parking and garages. Fiduciary activities, such as employee pension plans and agency funds,
are not included in the government-wide statements since these assets are not available to fund City
programs.
The government-wide financial statements are presented on pages 5-8 of this report.
REPORTING THE CITY'S MOST SIGNIFICANT FUNDS
Fund Financial Statements
A fund is an accountability unit used to maintain control over resources segregated for specific activities or
objectives. The City uses funds to ensure and demonstrate compliance with finance-related laws and
regulations. Within the basic financial statements, fund financial statements focus on the City's most
significant funds, rather than the City as a whole. Major funds are separately reported, while all others are
combined into a single aggregated presentation. Individual fund data for non-major funds is provided in
the form of combining schedules in a later section of this report.
The City has three kinds of funds:
Governmental funds are reported in the fund financial statements and encompass essentially the same
functions reported as governmental activities in the government-wide financial statements. However, the
focus is very different with fund statements providing a distinctive view of the City's governmental funds.
These statements report short-term fiscal accountability focusing on the use of spendable resources and
balances of spendable resources available at the end of the period. They are useful in evaluating annual
financing requirements of governmental programs and the commitment of spendable resources for the near-
term.

-- 28 of 202 --

MD&A 3
Since the government-wide focus includes the long-term view, comparisons between these two perspectives
may provide insight into the long-term impact of the short-term financing decision. Both the governmental
fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund
balances provide a reconciliation to assist in understanding the differences between these two perspectives.
Budgetary comparison statements for General Fund are included in the required supplementary section of
this report. Budgetary comparison schedules for various special revenue funds and the debt service funds
are also included in the supplementary information section of this report. These statements and schedules
demonstrate compliance with the City's adopted and final revised budget.
The basic government fund financial statements are presented on pages 9 – 13 of this report.
Proprietary funds reported in the fund financial statements generally report services for which the City
charges customers a fee. There are two kinds of proprietary funds. These are enterprise funds and internal
service funds. Enterprise funds essentially encompass the same functions reported as business-type
activities in the government-wide statements. Services such as the water utilities and the parking garages
are provided to customers external to the City organization. Internal service funds provide services and
charge fees to customers within the City organization, such as equipment services (repair and maintenance
of city vehicles) and the insurance fund. Because the City's internal service funds primarily serve
governmental functions, they are included within the governmental activities of the government-wide
financial statements.
Proprietary fund statements and statements for discretely presented component units (reporting is similar
to proprietary funds) provide both short-term and long-term financial information consistent with the focus
provided by the government-wide financial statements. Individual fund information for internal service
funds is found in combining schedules in a later section of this report.
The basic proprietary fund financial statements are presented on pages 14 - 18 of this report.
Fiduciary funds such as the Police and Firefighter's pension plans are reported in the fiduciary fund financial
statements, but are excluded from the government-wide reporting. Fiduciary fund financial statements
report resources that are not available to fund City programs. These financial statements report similarly
to proprietary funds.
The basic fiduciary fund financial statements are presented on pages 19 - 20 of this report.
Notes to the financial statements
The accompanying notes to financial statements provide information essential to a full understanding of the
government-wide and fund financial statements. The notes to the financial statements begin on page 21 of
this report.
Other information
In addition to the basic financial statements and accompanying notes, this report also presents certain
required supplementary information concerning the City's progress in funding its obligations to provide
pension benefits to its employees. Other supplementary information includes detail by fund and component
unit for receivables, payables, transfers, and payments within the reporting entity. Required supplementary
information can be found on pages 79 – 92 of this report.

-- 29 of 202 --

MD&A 4
Major funds and component units are reported in the basic financial statements, as discussed. Combining
statements, individual statements and schedules for nonmajor and internal service funds are presented in a
subsequent section of this report beginning on page 93. Additional information on capital assets and
long-term debt can be found on page 38 and 45, respectively.
Financial Analysis of the City as a Whole
The City's combined net position increased by $50,875,884 from $186,852,914 to $237,728,798.
STATEMENT OF POSITION
The City's total revenues increased by $ 21,827,191 or 11.6%. The City's total expenses for all programs
decreased by $27,734,885 or 14.9%. Business-type activity revenues decreased by $1,717,133 in the
current fiscal period mainly due to decrease in charges for services. Business-type activity expenses
increased by $433,502, while Governmental activity expense decreased by $28,168,387 due to lower costs
in public safety. The list of expenses can be found in the table below.
The governmental activities experienced an increase of $42,062,290 in the net position balance.
The business-type activities experienced an increase of $8,813,594 in the net position balance.
2021 	2020 	2021 2020 2021 2020
(as restated) 	(as restated)
Current and Other Assets 	182,796,690	$ 	123,129,061 32,743,095 27,224,987 215,539,785 150,354,048
Capital Assets 	224,571,971 226,632,064 366,634,796 366,557,958 591,206,767 593,190,022
Total Assets 	407,368,661 349,761,125 399,377,891 393,782,945 806,746,552 743,544,070
Deferred Outflows 	25,672,525 32,729,995 4,858,437 5,403,237 30,530,962 38,133,232
433,041,186 382,491,120 404,236,328 399,186,182 837,277,514 781,677,302
Long-Term Liabilities 	370,079,055 394,073,575 84,736,446 89,264,447 454,815,501 483,338,022
Other Liabilities 	28,058,982 12,499,556 3,580,379 5,134,084 31,639,361 17,633,640
Total Liabilities 	398,138,037 406,573,131 88,316,825 94,398,531 486,454,862 500,971,662
Deferred Inflows 	106,653,922 89,946,052 6,439,932 4,121,674 113,093,854 94,067,726
Total Liabilities and
Deferred Inflows 	504,791,959 496,519,183 94,756,757 98,520,205 599,548,716 595,039,388
Net Investment in
Capital Assets 	69,635,907 65,388,067 289,164,675 284,515,854 358,800,582 349,903,921
Restricted 	23,472,163 19,843,337 	- 	- 23,472,163 19,843,337
Unrestricted (Deficit) 	(164,858,843) (199,044,467) 20,314,896 16,150,123 (144,543,947) (182,894,344)
Restatement 	- 	- 	- 	- 	- 	-
Total Net Position 	(71,750,773)	$ 	(113,813,063) 309,479,571 300,665,977 237,728,798 186,852,914
Governmental Activities Business-type Activities Total Primary Government

-- 30 of 202 --

MD&A 5
The following table provides a summary of the City's changes in net position:
STATEMENT OF CHANGES IN NET POSITION
Governmental Activities Business-type Activities Total Primary Government
2021 2020 2021 2020 2021 2020
Revenue
Program Revenues:
Charges for services 26,906,127	$ 24,297,935 44,332,669 46,083,874 71,238,796 70,381,809
Operating grants and - -
contributions 10,066,887 9,671,509 - 10,066,887 9,671,509
Capital grants and - -
contributions 4,275,024 2,971,261 382,670 4,275,024 3,353,931
General Revenues: - -
Sales taxes 21,497,119 16,444,775 - 21,497,119 16,444,775
Property taxes 53,268,947 51,655,091 1,332,500 1,332,500 54,601,447 52,987,591
Utility taxes 6,084,133 5,856,287 - 6,084,133 5,856,287
Income taxes 10,141,121 8,202,429 - 10,141,121 8,202,429
Other 30,818,051 20,064,954 595,906 - 31,413,957 20,064,954
Investment income 73,715 422,559 (39,286) 139,878 34,429 562,437
Total Revenue 163,131,124 139,586,800 46,221,789 47,938,922 209,352,913 187,525,722
Expenses
General management and
support 19,391,474 18,629,851 - 19,391,474 18,629,851
Public safety 58,492,344 83,014,656 - 58,492,344 83,014,656
Public works 16,860,988 18,572,687 - 16,860,988 18,572,687
Health and human
resources development 3,969,841 3,718,980 - 3,969,841 3,718,980
Recreation and cultural
opportunities 9,147,647 1,325,788 - 9,147,647 1,325,788
Housing and economic
development 11,046,288 20,992,355 - 11,046,288 20,992,355
Interest 4,429,823 5,252,475 - 4,429,823 5,252,475
Water - 14,561,520 13,612,333 14,561,520 13,612,333
Sewer - 6,706,402 6,794,936 6,706,402 6,794,936
Solid Waste - 5,475,571 5,315,941 5,475,571 5,315,941
M otor vehicle parking 8,395,131 8,395,131
system - - - 8,981,912 - 8,981,912
Total Expense 123,338,405 151,506,792 35,138,624 34,705,122 158,477,029 186,211,914
Increase (decrease) in net
position before transfers 39,792,719 (11,919,992) 11,083,165 13,233,800 50,875,884 1,313,808
Transfers 2,269,571 10,218,697 (2,269,571) (10,218,697) - -
Increase/(Decrease) in
Net Position 42,062,290 (1,701,295) 8,813,594 3,015,103 50,875,884 1,313,808
Net Position - Beginning (113,813,063) (112,111,768) 300,665,977 298,905,874 186,852,914 186,794,106
Change in accounting principle - - - (1,255,000) - (1,255,000)
Net Position - Beginning, Restated(113,813,063) (112,111,768) 300,665,977 297,650,874 186,852,914 185,539,106
Net Position - Ending (71,750,773)	$ (113,813,063) 309,479,571 300,665,977 237,728,798 186,852,914

-- 31 of 202 --

MD&A 6
Financial Analysis of the City's Funds
Governmental Funds
As discussed, governmental funds are reported in the fund statement with a short-term inflow and outflow
of spendable resources focus. This information is useful in assessing resources available at the end of the
period in comparison with upcoming financing requirements. Governmental funds reported fund balances
of $73,525,237 as of December 31, 2021 which includes $125,028 non-spendable, $27,150,907 restricted,
$14,717,518 assigned and $31,531,784 unassigned fund balance. The restricted fund balance consists of
amounts required to be set aside by external authorities.
Fund Balance amounts reported for governmental activities are different than the statement of net position
because of the treatment of capital assets, liabilities, payables and most importantly pension liabilities. This
reporting difference is clearly stated on page 11 of this report.
Major Governmental Funds
The General Fund is the City's primary operating fund and the largest source of day-to-day service delivery.
The fund balance of the General Fund reported an increase of $14,995,858 with actual revenue of
$121,418,997 and expenditures of $115,156,403. The City reported an increase in fund balance mainly
due to some of the major revenues coming significantly higher than budgeted amounts.
Starting FY 2016 the Police and Fire pension employer contributions were included in the Adopted Budget
documents. These had previously been reported in a separate fund. So now, Property tax and Personal
Property Replacement Taxes are included in the General Fund and then transferred to the respective pension
funds.
The fund balance of the General Obligation Debt Fund had an increase of $731,113 from $721,459 to
$1,452,572.
Combined Nonmajor Governmental Funds
Combined nonmajor fund balances totaled $38,401,843, an increase of $6,557,575 from prior period of
$31,844,268. Non-major funds with surpluses for the fiscal year include Motor Fuel, Neighborhood
Improvement, Emergency Telephone System, Community Development Loan, SSD #9, Good Neighbor,
Reparations, ARPA, General Assistance, Dempster Dodge TIF, Howard Ridge TIF, West Evanston TIF,
SSD #7, SSD #8, Capital Improvements, Crown Construction and Crown Maintenance. Nonmajor funds
with deficits for the period include Affordable Housing, Home Fund, Chicago Main TIF, SSD #6 and
Special Assessment.

-- 32 of 202 --

MD&A 7
Proprietary Funds
The proprietary fund statements share the same focus as the government-wide statements, reporting both
short-term and long-term information about financial status.
The proprietary funds operated by the City are the Water, Sewer, Solid Waste and Parking Funds. These
funds have a combined net increase of $8,813,594 in the net position. The Water Fund reported the highest
increase in the amount of $7,111,601. The Solid Waste Fund added $825,853 to the net position during the
year. The Sewer Fund reported an increase of $3,217,194, while Parking Fund reported a decrease of
$2,341,054. It should also be noted that the Water and Sewer Funds carry substantial debt levels, although
Parking and Solid Waste Funds have lesser debts.
Internal Service Funds
The City's combined internal service fund’s net position increased by $3,628,460 from a deficit of $252,764,
as of January 1, 2021 to a net position of $3,375,696 as of December 31, 2021. The increase in net position
can be attributed to net income of $3,964,507 in the Insurance Fund which continues to improve.
General Fund Highlights
Total revenues for the General Fund were $121,418,997 while total expenditures were $115,156,403.
Overall General Fund revenue came in higher than budget by $16,659,391. Total expenditures in the
General Fund were lower than budgeted amounts by $849,205. The actual net surplus of $6,262,594 was
supplemented by $8,733,264 in net transfers to the General Fund from other funds.
Capital Assets
The City’s Capital Asset policy generally includes capitalizing assets or properties with $20,000 or more
in value (with the exception of vehicles to the $20,000 threshold). The City's capital assets (net of
depreciation) for governmental and business-type activities as of December 31, 2021, were $591,206,767.
The governmental funds capital assets had a net decrease of $2,060,093, while business type capital assets
increased by $76,838. Overall, capital assets decreased by 0.3% for the City as a whole. The net decrease
in capital assets were principally due to a decrease in capital projects for the year. Readers desiring more
detailed information on capital asset activity should refer to Note 5 in the Notes to the Financial Statements.
Long-Term Debt
As of December 31, 2021, the City had outstanding total general obligation bonded debt of $182,998,412
of which $34,457,947 was for business type activities to be paid for by the City's Water, Solid Waste and
Sewer Funds. Overall general obligation bonded debt represents a $2,792,658 decrease from 2020. The
City's general obligation debt service principal payments for 2021 totaled $10,457,658. During the current
year, the City issued $14,420,000 in general obligation bonds. As a home rule government under Illinois
law, there is no legal debt limit for the City. Readers desiring more detailed information on long-term debt
should refer to Note 7 in the Notes to the Financial Statements.
Bond Ratings
The City's 2021 General obligation bonds are rated AA (stable outlook) by S&P and AA+ by Fitch Ratings.

-- 33 of 202 --

MD&A 8
Economic Factors
Evanston is a diverse community consisting primarily of residential homes, several nonprofit organizations
including a very well-known private university, two hospitals, and many smaller scale retail shops and
restaurants as well as some popular big box retailers.
Local Economy:
Since March 2020, the world had experienced a pandemic caused by the novel coronavirus known as
COVID-19. This crisis has deeply affected the City’s priorities and operations in 2020. The city had taken
many steps to mitigate the impact of revenue losses. During 2020, measures like lay off, hiring freeze.
Furloughs, holding vacant positions etc. were taken to cut down the expenses to match reduced revenues.
As the economy started getting back to normal during 2021, city revenues started going up significantly.
Northwestern University operating in in-person classes has helped boost some of the city revenues. Strong
job market coupled with housing boom has helped push some of the revenues well over budget in 2021.
The city expects this trend of overall improved economic environment to continue in 2022.
The city was also awarded $43.1 million under American Rescue Plan Act of 2021 (ARPA). The city
received half of that money from the Department of Treasury in May 2021 and the other half in June of
2022. These funds can be used for eligible projects including supporting public health expenditures,
addressing negative economic impacts, providing premium pay for essential workers, investing in Water,
Sewer, and Broadband infrastructure. The City council continues to make decisions on the best possible
use of ARPA money. So far, roughly half the ARPA money has been committed.
For the 2022 Budget, the city continued its focus on maintaining core services and ensuring the continued
health and safety of our residents. On October 11, 2021, staff presented the proposed budget to the city
council. The council deliberated on the budget at the several city council meetings. Budget was also
discussed at many wards meeting during October and November. There were special city council meetings
to discuss the budget including critical importance of ways to fight covid-19.
But, despite still some lingering effects of COVID-19, the city is reporting a significant operating surplus
pushing fund balance level to a new height. Overall revenues in GF are higher by 13M compared to
budgeted numbers. Expenditures came as 101% of the budget in General Fund.
Some of the revenues which far exceeded their budget numbers were Sales Tax, Income Tax, Real Estate
Transfer tax, building permits, Use tax. The Parking Fund is slow to recover in terms of revenues from
parking meters and parking garages because of the remote/hybrid work environment. We have seen some
improvements in the Parking revenues in the early part of 2022.
Contacting the City's Financial Management
This financial report is designed to provide a general overview of the City's finances, comply with finance-
related laws and regulations, and demonstrate the City's commitment to public accountability. If you have
questions about this report or would like to request additional information, contact the City Manager’s
Office, Finance Division at the City of Evanston, 2100 Ridge Avenue, Evanston, Illinois 60201, Telephone
847-448-8082, or access the website at www.cityofevanston.org.

-- 34 of 202 --

BASIC FINANCIAL STATEMENTS

-- 35 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Net Position
December 31, 2021
Component Unit
Governmental Business-Type Evanston Public
Activities Activities Total Library
ASSETS
Cash and equivalents 37,042,826	$ 21,950,849	$ 58,993,675	$ 9,731,468	$
Investments 44,300,255 - 44,300,255 -
Receivables (net, where applicable, of
allowances for uncollectibles)
Property taxes 47,651,420 1,332,500 48,983,920 7,758,625
Utility taxes 1,006,255 - 1,006,255 -
Accounts - 5,669,396 5,669,396 -
Notes 100,000 199,000 299,000 -
Loans 9,462,720 - 9,462,720 -
Special assessments 436,380 - 436,380 -
Other 934,649 125,580 1,060,229 76,324
Due from other governments 11,140,685 - 11,140,685 -
Due from primary government - - - 70,303
Internal balances 3,079,334 (3,079,334) - -
Inventories 1,625,141 858,764 2,483,905 -
Prepaid items 5,390,479 166,816 5,557,295 -
Net pension asset 20,626,546 5,519,524 26,146,070 3,022,763
Capital assets
Capital assets not being depreciated 43,148,179 6,479,517 49,627,696 311,380
Capital assets being depreciated, net 181,423,792 360,155,279 541,579,071 10,410,421
Total Assets 407,368,661 399,377,891 806,746,552 31,381,284
DEFERRED OUTFLOWS OF RESOURCES
Asset retirement obligations - 3,684,899 3,684,899 -
Pension items - Police 10,158,365 - 10,158,365 -
Pension items - Fire 7,785,759 - 7,785,759 -
Pension items - IMRF 3,549,031 949,696 4,498,727 520,101
OPEB items 4,179,370 223,842 4,403,212 76,840
Total Deferred Outflows of Resources 25,672,525 4,858,437 30,530,962 596,941
Total Assets and Deferred Outflows
of Resources 433,041,186 404,236,328 837,277,514 31,978,225
Primary Government
(This statement is continued on the following page.)
- 5 -

-- 36 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Net Position
December 31, 2021
Component Unit
Governmental Business-Type Evanston Public
Activities Activities Total Library
LIABILITIES
Vouchers payable 7,676,737	$ 3,319,473	$ 10,996,210	$ 211,968	$
Retainage payable - 42,470 42,470 -
Deposits payable - 1,796 1,796 -
Accrued payroll 1,822,555 - 1,822,555 -
Accrued interest 470,769 216,640 687,409 20,160
Due to other governments 1,139,518 - 1,139,518 -
Due to primary government 70,303 - 70,303 -
Due to fiduciary funds 92,273 - 92,273 -
Unearned revenue 16,786,827 - 16,786,827 -
Noncurrent liabilities
Due within one year 12,334,763 5,543,054 17,877,817 362,393
Due in more than one year 357,744,292 79,193,392 436,937,684 6,996,380
Total Liabilities 398,138,037 88,316,825 486,454,862 7,590,901
DEFERRED INFLOWS OF RESOURCES
Pension items - Police Pension 24,920,320 - 24,920,320 -
Pension items - Fire Pension 13,116,970 - 13,116,970 -
Pension items - IMRF 18,495,730 4,949,332 23,445,062 2,710,498
OPEB items 2,951,890 158,100 3,109,990 54,272
Property taxes levied for future periods 47,169,012 1,332,500 48,501,512 7,688,202
Total Deferred Inflows of Resources 106,653,922 6,439,932 113,093,854 10,452,972
Total Liabilities and Deferred Inflows
of Resources 504,791,959 94,756,757 599,548,716 18,043,873
NET POSITION (DEFICIT)
Net investment in capital assets 69,635,907 289,164,675 358,800,582 4,193,203
Restricted for
Highway maintenance 5,080,823 - 5,080,823 -
Emergency telephone system 1,534,487 - 1,534,487 -
HUD approved projects 397,488 - 397,488 -
Neighborhood improvements 5,738,745 - 5,738,745 -
Reparations 505,715 - 505,715 -
Governmental services 26,545 - 26,545 -
Capital improvements 902,163 - 902,163 878,126
Debt service 8,675,881 - 8,675,881 1,145
General assistance 610,316 - 610,316 -
Endowment - - - 5,337,662
Unrestricted (deficit) (164,858,843) 20,314,896 (144,543,947) 3,524,216
Total Net Position (Deficit) (71,750,773)	$ 309,479,571	$ 237,728,798	$ 13,934,352	$
Primary Government
See accompanying notes to financial statements.
- 6 -

-- 37 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Activities
For the Fiscal Year Ended December 31, 2021
Operating Capital
FUNCTIONS/PROGRAMS Charges for Grants and Grants and
PRIMARY GOVERNMENT Expenses Services Contributions Contributions
Governmental Activities
General management and support 19,041,432	$ 8,736,043	$ 513,106	$ -	$
Public safety 58,842,386 5,747,794 271,220 -
Public works 16,860,988 231,957 4,569,954 3,140,579
Health and human resource development 3,969,841 364,933 901,627 -
Recreational and cultural opportunities 9,147,647 6,080,420 213,695 1,000,000
Housing and economic development 11,046,288 5,744,980 3,597,285 134,445
Interest 4,429,823 - - -
Total Governmental Activities 123,338,405 26,906,127 10,066,887 4,275,024
Business-Type Activities
Water 14,561,520 20,900,063 - -
Sewer 6,706,402 10,373,597 - -
Solid waste 5,475,571 4,968,924 - -
Motor vehicles parking system 8,395,131 8,090,085 - -
Total Business-Type Activities 35,138,624 44,332,669 - -
Total Primary Government 158,477,029	$ 71,238,796	$ 10,066,887	$ 4,275,024	$
Evanston Public Library
Community services 7,706,990	$ 42,817	$ 850,629	$ -	$
Interest 223,661 - - -
Total Evanston Public Library 7,930,651	$ 42,817	$ 850,629	$ -	$
Program Revenues
- 7 -

-- 38 of 202 --

Component
Unit
Total Evanston
Governmental Business-Type Primary Public
Activities Activities Government Library
(9,792,283)	$ -	$ (9,792,283)	$ -	$
(52,823,372) - (52,823,372) -
(8,918,498) - (8,918,498) -
(2,703,281) - (2,703,281) -
(1,853,532) - (1,853,532) -
(1,569,578) - (1,569,578) -
(4,429,823) - (4,429,823) -
(82,090,367) - (82,090,367) -
- 6,338,543 6,338,543 -
- 3,667,195 3,667,195 -
- (506,647) (506,647) -
- (305,046) (305,046) -
- 9,194,045 9,194,045 -
(82,090,367) 9,194,045 (72,896,322) -
- - - (6,813,544)
- - - (223,661)
- - - (7,037,205)
General Revenues
Taxes
Property tax 53,268,947 1,332,500 54,601,447 7,851,282
Other taxes 7,588,822 - 7,588,822 -
Personal property replacement taxes 2,870,429 - 2,870,429 -
Sales and home rule tax 21,497,119 - 21,497,119 -
Utility tax 6,084,133 - 6,084,133 -
Liquor tax 3,078,034 - 3,078,034 -
Parking tax 2,845,047 - 2,845,047 -
Real estate transfer tax 6,227,230 - 6,227,230 -
Intergovernmental 4,800,000 - 4,800,000 -
Income tax 10,141,121 - 10,141,121 -
Investment income 73,715 (39,286) 34,429 711,170
Gain on sale of capital assets - 216,656 216,656 -
Miscellaneous 3,408,489 379,250 3,787,739 15,222
Transfers 2,269,571 (2,269,571) - -
Total 124,152,657 (380,451) 123,772,206 8,577,674
Change in Net Position 42,062,290 8,813,594 50,875,884 1,540,469
Net Position (Deficit), January 1 (113,813,063) 300,665,977 186,852,914 12,393,883
Net Position (Deficit), December 31 (71,750,773)	$ 309,479,571	$ 237,728,798	$ 13,934,352	$
Net (Expense) Revenue and Change in Net Position
Primary Government
See accompanying notes to financial statements.
- 8 -

-- 39 of 202 --

General Nonmajor Total
Obligation Governmental Governmental
General Debt Service Funds Funds
Cash and equivalents 13,815,407	$ -	$ 23,157,419	$ 36,972,826	$
Investments 9,800,308 5,145,434 29,354,513 44,300,255
Receivables
Property taxes 31,884,164 13,436,256 2,331,000 47,651,420
Utility 1,006,255 - - 1,006,255
Notes 100,000 - - 100,000
Loans - - 9,462,720 9,462,720
Special assessments - - 436,380 436,380
Other 934,649 - - 934,649
Due from other governments 9,790,479 - 1,350,206 11,140,685
Due from other funds 4,696,477 - 4,432,094 9,128,571
Inventories 25,028 - - 25,028
Total Assets 72,052,767	$ 18,581,690	$ 70,524,332	$ 161,158,789	$
December 31, 2021
CITY OF EVANSTON, ILLINOIS
Balance Sheet
Governmental Funds
ASSETS
(This statement is continued on the following page.)
- 9 -

-- 40 of 202 --

General Nonmajor Total
Obligation Governmental Governmental
General Debt Service Funds Funds
LIABILITIES
Vouchers payable 3,811,894	$ 1,000	$ 2,517,054	$ 6,329,948	$
Accrued payroll 1,822,555 - - 1,822,555
Unearned revenue - - 16,786,827 16,786,827
Due to other governments 990,895 - 148,623 1,139,518
Due to component unit 70,303 - - 70,303
Due to other funds 29,635 3,833,488 460,893 4,324,016
Due to fiduciary funds 92,273 - - 92,273
Total Liabilities 6,817,555 3,834,488 19,913,397 30,565,440
DEFERRED INFLOWS OF RESOURCES
Long-term loans - - 9,899,100 9,899,100
Property taxes levied for future periods 31,564,390 13,294,630 2,309,992 47,169,012
Total Deferred Inflows of Resources 31,564,390 13,294,630 12,209,092 57,068,112
Total Liabilities and Deferred Inflows
of Resources 38,381,945 17,129,118 32,122,489 87,633,552
FUND BALANCES
Nonspendable
Notes 100,000 - - 100,000
Inventory 25,028 - - 25,028
Restricted
Highway maintenance - - 5,080,823 5,080,823
Emergency telephone system - - 1,534,487 1,534,487
HUD approved projects - - 397,488 397,488
Neighborhood improvements - - 4,642,395 4,642,395
Reparations - - 505,715 505,715
Governmental services - - 26,545 26,545
Debt service - 1,452,572 7,223,309 8,675,881
General assistance - - 610,316 610,316
Capital improvements - - 5,677,257 5,677,257
Assigned
Capital improvements - 12,910,258 12,910,258
Other 1,807,260 - - 1,807,260
Unassigned (deficit) 31,738,534 - (206,750) 31,531,784
Total Fund Balances 33,670,822 1,452,572 38,401,843 73,525,237
Total Liabilities, Inflows of Resources,
and Fund Balances 72,052,767	$ 18,581,690	$ 70,524,332	$ 161,158,789	$
December 31, 2021
CITY OF EVANSTON, ILLINOIS
Balance Sheet
Governmental Funds
See accompanying notes to financial statements.
- 10 -

-- 41 of 202 --

Governmental Activities in the Statement of Net Position
Fund Balances of Governmental Funds 73,525,237	$
Amounts reported for governmental activities in the statement of
net position are different because:
Capital assets used in governmental activities are not financial resources
and, therefore, are not reported in the governmental funds
Total governmental capital assets 224,571,971	$
Less internal service fund portion 7,799,946 216,772,025
Total OPEB liability payable is not due and payable in the current period
and, therefore, is not reported in the governmental funds (22,306,697)
Interest payable is not due and payable in the current period and, therefore,
not reported in the governmental funds (470,769)
Long-term liabilities, including bonds payable, are not due and payable in
the current period and, therefore, are not reported in the governmental funds
General obligation bonds payable
Total governmental general obligation bonds payable (148,540,465)	$
Less internal service fund portion (660,000) (147,880,465)
Bonds premium liability (11,170,693)
Compensated absences payable (10,679,051)
Net pension liability / asset is shown as a liability / asset on the statement
of net position
Illinois Municipal Retirement Fund 20,626,546
Police Pension Fund (85,774,906)
Firefighters' Pension Fund (83,846,627)
Differences between expected and actual experiences, assumption changes, net
differences between projected, and actual earnings are recognized as deferred
outflows and inflows of resources on the statement of net position
Illinois Municipal Retirement Fund (14,946,699)
Police Pension Fund (14,761,955)
Firefighters' Pension Fund (5,331,211)
OPEB 1,219,696
Deferred inflows for long-term loans are not a available and, therefore, not
revenue in fund financial statements 9,899,100
The net position of the internal service fund is included in the governmental
activities on the statement of net position 3,375,696
Net Position of Governmental Funds (71,750,773)	$
December 31, 2021
CITY OF EVANSTON, ILLINOIS
Reconciliation of Fund Balances of Governmental Funds to the
See accompanying notes to financial statements.
- 11 -

-- 42 of 202 --

General Nonmajor Total
Obligation Governmental Governmental
General Debt Service Funds Funds
Revenues
Taxes 69,949,398	$ 14,457,696	$ 8,331,177	$ 92,738,271	$
Licenses and permits 11,032,555 - - 11,032,555
Special assessments - - 109,459 109,459
Intergovernmental 24,444,948 - 14,141,987 38,586,935
Charges for services 10,593,430 - 168,794 10,762,224
Fines and forfeits 3,643,890 - - 3,643,890
Investment income 33,432 (13,391) 53,674 73,715
Miscellaneous 1,721,344 - 4,462,731 6,184,075
Total Revenues 121,418,997 14,444,305 27,267,822 163,131,124
Expenditures
Current
General management and support 18,565,384 35 1,142,523 19,707,942
Public safety 65,932,688 - 1,226,775 67,159,463
Public works 11,865,594 - 9,064,762 20,930,356
Health and human resource development 4,473,366 - - 4,473,366
Recreational and cultural opportunities 11,036,243 - - 11,036,243
Housing and economic development 3,283,128 - 7,088,852 10,371,980
Capital outlay - - 2,480,222 2,480,222
Debt service
Principal - 9,311,152 - 9,311,152
Interest - 5,602,575 - 5,602,575
Fiscal charges - 56,486 115,852 172,338
Total Expenditures 115,156,403 14,970,248 21,118,986 151,245,637
Excess (Deficiency) of Revenues
Over Expenditures 6,262,594 (525,943) 6,148,836 11,885,487
Other Financing Sources (Uses)
Issuance of bonds - 3,569,500 8,370,000 11,939,500
Premium on bonds issued - 465,136 549,852 1,014,988
Payment to escrow agent - (3,975,000) - (3,975,000)
Transfers in 9,183,260 1,197,420 449,996 10,830,676
Transfers (out) (449,996) - (8,961,109) (9,411,105)
Total Other Financing Sources (Uses) 8,733,264 1,257,056 408,739 10,399,059
Net Change in Fund Balances 14,995,858 731,113 6,557,575 22,284,546
Fund Balances, January 1 18,674,964 721,459 31,844,268 51,240,691
Fund Balances, December 31 33,670,822	$ 1,452,572	$ 38,401,843	$ 73,525,237	$
CITY OF EVANSTON, ILLINOIS
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended December 31, 2021
See accompanying notes to financial statements.
- 12 -

-- 43 of 202 --

Net Change in Fund Balances -
Total Governmental Funds 22,284,546	$
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlay as expenditures; however, they are capitalized and
and depreciated in the statement of activities 8,491,459
Some expenses in the statement of net position (e.g., depreciation) do not require the use of
current financial resources and, therefore, are not reported as expenditures in governmental funds
Depreciation (10,743,798)
The issuance of long-term debt is reported as an other financing sources in governmental funds,
but as an increase of principal outstanding in the statement of activities
Issuance of general obligation bonds (11,939,500)
Premium on bond issuance (1,014,988)
Payment to escrow agent 3,975,000
The repayment of long-term debt is reported as an expenditure when due in governmental funds
but as a reduction of principal outstanding in the statement of activities 9,311,152
The amortization of premium on long-term debt is reported as a reduction of interest expense on
the statement of activities 1,201,175
Changes in total other postemployment benefits obligations are reported only in the statement of
activities (1,428,833)
The change in compensated absences payable is shown as an expense on the statement of activities 326,905
The change in the accrual of interest is reported as interest expense on the statement of activities 143,915
The change in the net pension liability (asset) is reported only in the statement of activities
Illinois Municipal Retirement Fund 18,211,927
Police Pension Fund 15,846,210
Firefighters' Pension Fund 6,943,283
The change in deferred inflows and outflows of resources is reported only in the statement of
activities
Illinois Municipal Retirement Fund (10,487,614)
Police Pension Fund (9,831,135)
Firefighters' Pension Fund (4,166,023)
OPEB 213,799
The change in deferred inflows for long-term loans is not an expense on the statement of activities 1,096,350
Internal service funds are reported separately in the fund financial statements 3,628,460
Change in Net Position of Governmental Activities 42,062,290	$
CITY OF EVANSTON, ILLINOIS
Reconciliation of Governmental Funds Statement of Revenues,
Expenditures, and Changes in Fund Balances to the Governmental
Activities in the Statement of Activities
For the Fiscal Year Ended December 31, 2021
See accompanying notes to financial statements.
- 13 -

-- 44 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Net Position
Proprietary Funds
December 31, 2021
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Current Assets
Cash and cash equivalents 17,038,016	$ 1,415,514	$ -	$ 3,497,319	$ 21,950,849	$ 70,000	$
Receivables
Property taxes - - 1,332,500 - 1,332,500 -
Accounts - water and sewerage charges
Accounts - billed 1,591,518 288,556 266,668 - 2,146,742 -
Accounts - unbilled 1,273,912 1,503,224 745,518 - 3,522,654 -
Other 3,844 100 47,687 73,949 125,580 -
Inventories 742,075 116,689 - - 858,764 1,600,113
Prepaid items - - 166,816 - 166,816 5,390,479
Due from other funds 7,432,688 3,540,561 - - 10,973,249 -
Total Current Assets 28,082,053 6,864,644 2,559,189 3,571,268 41,077,154 7,060,592
Noncurrent Assets
Capital assets
Capital assets not being depreciated 2,080,288 2,751 - 4,396,478 6,479,517 -
Capital assets being depreciated 159,176,886 263,760,149 842,278 92,584,111 516,363,424 27,431,531
Accumulated depreciation (37,771,368) (75,086,323) (137,754) (43,212,700) (156,208,145) (19,631,585)
Total Capital Assets 123,485,806 188,676,577 704,524 53,767,889 366,634,796 7,799,946
Other Assets
Net pension asset 3,180,612 737,802 811,646 789,464 5,519,524 -
Notes receivable - - - 199,000 199,000 -
Total Other Assets 3,180,612 737,802 811,646 988,464 5,718,524 -
Total Noncurrent Assets 126,666,418 189,414,379 1,516,170 54,756,353 372,353,320 7,799,946
Total Assets 154,748,471 196,279,023 4,075,359 58,327,621 413,430,474 14,860,538
Deferred Outflows of Resources
Asset retirement obligations 3,684,899 - - - 3,684,899 -
Pension items - IMRF 547,260 126,947 139,653 135,836 949,696 -
OPEB items 87,233 51,422 47,349 37,838 223,842 26,504
Total Deferred Outflows of Resources 4,319,392 178,369 187,002 173,674 4,858,437 26,504
Total Assets and Deferred
Outflows of Resources 159,067,863 196,457,392 4,262,361 58,501,295 418,288,911 14,887,042
(This statement is continued on the following page.)
- 14 -

-- 45 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Net Position
Proprietary Funds
December 31, 2021
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Current Liabilities
Vouchers payable 1,788,447	$ 985,006	$ 274,607	$ 271,413	$ 3,319,473	$ 1,346,789	$
Retainage payable 42,470 - - - 42,470 -
Deposits payable - 190 1,606 - 1,796 -
Unearned revenue - - - -
Interest payable - restricted 109,227 104,255 - 3,158 216,640 -
Notes payable - IEPA 1,127,391 3,051,713 - - 4,179,104 -
Current portion of GO bonds payable 897,832 188,404 - 35,000 1,121,236 -
Current portion of total OPEB liability 18,021 10,623 9,782 7,817 46,243 4,898
Claims payable - - - - - 1,424,750
Due to other funds 11,031,508 - 288,048 2,733,027 14,052,583 1,725,221
Compensated absences payable 124,645 22,906 37,547 11,373 196,471 23,130
Total Current Liabilities 15,139,541 4,363,097 611,590 3,061,788 23,176,016 4,524,788
Noncurrent Liabilities
Notes payable - IEPA 22,424,983 13,668,144 - - 36,093,127 -
General obligation bonds payable 30,650,396 3,947,163 - 1,479,095 36,076,654 660,000
Asset retirement obligations 5,081,625 - - - 5,081,625 -
Total OPEB liability 450,542 265,586 244,549 195,428 1,156,105 137,468
Claims payable - - - - - 6,077,850
Compensated absences payable 498,581 91,623 150,186 45,491 785,881 92,520
Total Long-Term Liabilities 59,106,127 17,972,516 394,735 1,720,014 79,193,392 6,967,838
Total Liabilities 74,245,668 22,335,613 1,006,325 4,781,802 102,369,408 11,492,626
Deferred Inflows of Resources
Pension items - IMRF 2,852,040 661,584 727,799 707,909 4,949,332 -
OPEB items 61,613 36,319 33,443 26,725 158,100 18,720
Deferred property taxes - - 1,332,500 - 1,332,500 -
Total Deferred Inflows of Resources 2,913,653 697,903 2,093,742 734,634 6,439,932 18,720
Total Liabilities and Deferred
Inflows of Resources 77,159,321 23,033,516 3,100,067 5,516,436 108,809,340 11,511,346
Net Position
Net investment in capital assets 68,385,204 167,821,153 704,524 52,253,794 289,164,675 7,139,946
Unrestricted 13,523,338 5,602,723 457,770 731,065 20,314,896 (3,764,250)
Total Net Position 81,908,542	$ 173,423,876	$ 1,162,294	$ 52,984,859	$ 309,479,571	$ 3,375,696	$
See accompanying notes to financial statements.
- 15 -

-- 46 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Revenues, Expenses, and Changes in Fund Net Position
Proprietary Funds
For the Fiscal Year Ended December 31, 2021
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Operating Revenues
Charges for services 20,285,494	$ 10,350,347	$ 4,964,577	$ 7,736,969	$ 43,337,387	$ 24,655,405	$
Miscellaneous 614,569 23,250 4,347 353,116 995,282 -
Total Operating Revenues 20,900,063 10,373,597 4,968,924 8,090,085 44,332,669 24,655,405
Operating Expenses Excluding Depreciation
Administration 717,673 1,437,304 1,351,112 1,707,154 5,213,243 -
Operations 9,266,970 841,110 4,054,612 3,733,017 17,895,709 20,488,563
Total Operating Expenses Excluding Depreciation 9,984,643 2,278,414 5,405,724 5,440,171 23,108,952 20,488,563
Operating Income (Loss) Before Depreciation 10,915,420 8,095,183 (436,800) 2,649,914 21,223,717 4,166,842
Depreciation 3,156,091 3,851,711 69,847 2,916,281 9,993,930 1,525,498
Operating Income (Loss) 7,759,329 4,243,472 (506,647) (266,367) 11,229,787 2,641,344
Non-Operating Revenue (Expenses)
Investment income (19,582) (6,084) - (13,620) (39,286) 201
Property taxes - - 1,332,500 - 1,332,500 -
Interest expense (1,420,786) (576,277) - (38,679) (2,035,742) (20,379)
Gain (loss) on disposal of capital assets 216,656 - - - 216,656 157,294
Claims reimbursements 379,250 - - - 379,250 -
Total Non-Operating Revenues (Expenses) (844,462) (582,361) 1,332,500 (52,299) (146,622) 137,116
Income (Loss) Before Transfers and Capital Contributions 6,914,867 3,661,111 825,853 (318,666) 11,083,165 2,778,460
Transfers and Contributions
Transfers in 3,181,174 332,637 - 950,000 4,463,811 850,000
Transfers (out) (4,049,568) (776,554) - (2,972,388) (7,798,510) -
Capital contributions 1,065,128 - - - 1,065,128 -
Total Transfers and Capital Contributions 196,734 (443,917) - (2,022,388) (2,269,571) 850,000
Net Income (Loss) 7,111,601 3,217,194 825,853 (2,341,054) 8,813,594 3,628,460
Net Position (Deficit), January 1 74,796,941 170,206,682 336,441 55,325,913 300,665,977 (252,764)
Net Position, December 31 81,908,542	$ 173,423,876	$ 1,162,294	$ 52,984,859	$ 309,479,571	$ 3,375,696	$
See accompanying notes to financial statements.
- 16 -

-- 47 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended December 31, 2021
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Cash Flows from Operating Activities
Receipts from customers and users 25,193,859	$ 10,344,086	$ 4,782,317	$ 8,016,136	$ 48,336,398	$ 3,779,319	$
Receipts from/(payments for)
interfund services provided (665,417) (2,470,305) (817,556) 648,654 (3,304,624) 17,023,243
Receipts from other agencies - - - - - 687,061
Payments to suppliers (11,751,723) (577,082) (3,472,507) (3,405,840) (19,207,152) (2,370,035)
Payments to employees (375,344) (1,381,583) (1,537,148) (1,731,124) (5,025,199) (1,225,489)
Payments for insurance premiums - - - - - (18,472,863)
Net Cash from Operating Activities 12,401,375 5,915,116 (1,044,894) 3,527,826 20,799,423 (578,764)
Cash Flows from Noncapital Financing Activities
Property taxes - - 1,332,500 - 1,332,500 -
Transfers in 4,246,302 332,637 - 950,000 5,528,939 850,000
Transfers out (4,049,568) (776,554) - (2,972,388) (7,798,510) -
Net Cash from Noncapital Financing Activities 196,734 (443,917) 1,332,500 (2,022,388) (937,071) 850,000
Cash Flows from Capital and Related Financing Activities
Sale of capital assets - - - - - 157,294
Acquisition and construction of capital assets (9,419,562) (935,888) (287,606) (327,456) (10,970,512) (1,969,642)
Proceeds from general obligation bonds 2,803,730 - - - 2,803,730 (20,379)
Proceeds from loans 3,157,398 - - - 3,157,398 -
Principal paid on general obligation bonds (1,526,815) (218,690) - - (1,745,505) -
Interest paid on general obligation bonds (1,410,073) (650,841) - (52,828) (2,113,742) -
Principal paid on IEPA loans (1,127,390) (4,325,673) - - (5,453,063) -
Net Cash from Capital and Related Financing Activities (7,522,712) (6,131,092) (287,606) (380,284) (14,321,694) (1,832,727)
Cash Flows from Investing Activities
Interest income (19,582) (6,084) - (13,620) (39,286) 201
Net Cash from Investing Activities (19,582) (6,084) - (13,620) (39,286) 201
Net Increase (Decrease) in Cash and Cash Equivalents 5,055,815 (665,977) - 1,111,534 5,501,372 (1,561,290)
Cash and Cash Equivalents
Beginning 11,982,201 2,081,491 - 2,385,785 16,449,477 1,631,290
Ending 17,038,016	$ 1,415,514	$ -	$ 3,497,319	$ 21,950,849	$ 70,000	$
(This statement is continued on the following page.)
- 17 -

-- 48 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended December 31, 2021
Governmental
Activities -
Motor Vehicle Internal Service
Water Sewer Solid Waste Parking System Total Funds
Reconciliation of Operating Income (Loss) to Net Cash
from Operating Activities
Operating income (loss) 7,759,329	$ 4,243,472	$ (506,647)	$ (266,367)	$ 11,229,787	$ 2,641,344	$
Adjustments to reconcile operating income (loss) to
net cash from operating activities
Depreciation 3,156,091 3,851,711 69,847 2,916,281 9,993,930 1,525,498
Changes in assets and liabilities
Accounts receivable 4,293,796 (29,517) (186,607) (73,949) 4,003,723 66,550
Notes receivable - - - - - -
Interfund receivable 4,207,853 (1,878,045) - - 2,329,808 -
Prepaid expenses - - 5,494 - 5,494 (999,136)
Inventories 34,805 5,089 - - 39,894 (17,730)
Compensated absences (20,516) (7,262) 96,536 (87,026) (18,268) (27,469)
OPEB items 14,394 8,212 11,036 17,797 51,439 4,075
Pension items - IMRF (1,191,197) (277,485) (293,608) (306,245) (2,068,535) -
Deposits payable - 6 914 - 920 -
Vouchers payable (2,770,421) (1,065) 274,607 167,181 (2,329,698) 212,336
Interfund payable (3,153,622) - (516,466) 1,160,154 (2,509,934) (3,232,332)
Deferred outflows - asset retirement obligations 70,863 - - - 70,863 -
Claims payable - - - - - (751,900)
Net Cash from Operating Activities 12,401,375	$ 5,915,116	$ (1,044,894)	$ 3,527,826	$ 20,799,423	$ (578,764)	$
Noncash investing, capital, and related
financing activities
Capital assets acquired through vouchers
and retainage payable (50,255)	$ (849,908)	$ -	$ -	$ (900,163)	$ 251,898	$
Capital contributions 1,065,128 - - - 1,065,128 -
Issuance of Refunding Bonds 2,480,500 - - - 2,480,500 -
Total noncash investing, capital, and related
financing activities 3,495,373	$ (849,908)	$ -	$ -	$ 2,645,465	$ 251,898	$
See accompanying notes to financial statements.
- 18 -

-- 49 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Fiduciary Net Position
Fiduciary Funds
December 31, 2021
Pension
Trust
Assets
Cash and cash equivalents 19,645,837	$
Investments at fair value
U.S. Treasury obligations 29,989,731
U.S. agency obligations 11,485,735
Corporate bonds 26,086,728
Common stock 52,796,392
Equity mutual funds 155,433,002
Real estate 1,308,489
Prepaids 9,081
Receivables
Accrued interest 374,985
Due from City 92,273
Total Assets 297,222,253
Liabilities
Vouchers payable 54,569
Total Liabilities 54,569
Net Position Restricted
For Pensions 297,167,684	$
See accompanying notes to financial statements.
- 19 -

-- 50 of 202 --

CITY OF EVANSTON, ILLINOIS
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Fiscal Year Ended December 31, 2021
Additions
Contributions - employer 21,172,765	$
Contributions - plan members 2,564,570
Total Contributions 23,737,335
Investment income
Net appreciation in fair value
of investments 33,426,706
Interest on investments 7,033,308
Less investment expenses (561,795)
Total Investment Income 39,898,219
Total Additions 63,635,554
Deductions
Administration 168,084
Benefit payments and refunds 25,470,336
Total Deductions 25,638,420
Net Increase 37,997,134
Net Position Restricted
For Pensions
January 1 259,170,550
December 31 297,167,684	$
See accompanying notes to financial statements.
- 20 -

-- 51 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
Page(s)
Note 1 Summary of Significant Accounting Policies
A. Reporting Entity 24-25
B. Government-Wide and Fund Financial Statements 26
C. Fund Accounting 26
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation 27-29
E. Cash and Cash Equivalents 29
F. Investments 29
G. Inventories and Prepaid Items 29
H. Capital Assets 30
I. Compensated Absences 30
J. Long-Term Obligations 30
K. Self-Insurance 31
L. Deferred Inflows of Resources 31
M. Property Taxes 31
N. Fund Equity 32
O. Interfund Transactions 33
P. Use of Estimates 33
Q. Conduit Debt 33
R. Deferred Implementation 33
Note 2 Stewardship, Compliance, and Accountability
A. Deficit Fund Equity 34
Note 3 Deposits With Financial Institutions and Investments
A. Types of Accounts and Securities 35
B. Pooling Cash and Investments 35
C. Types of Investments 36
D. Deposits 36
Note 4 Receivables
A. Summary of Receivables 37
B. Loans Receivable - Special Revenue Funds 37
Note 5 Capital Assets
A. Capital Asset Activity 38-40
B. Construction Commitments 40
- 21 -

-- 52 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
Page(s)
(Continued from the previous page)
Note 6 Interfunds
A. Interfund Accounts 41
B. Interfund Transfers 42-44
Note 7 Long-Term Debt
A. Changes in Long-Term Debt 45-46
B. General Obligation Bonds Payable 47
C. Notes Payable - IEPA Loans 48
D. Postemployment Benefits other than Pensions (Defined Benefit Plan) 48-51
E. Asset Retirement Obligations 51
Note 8 Fund Equity
A. Restricted Net Position - Fiduciary Funds 52
B. Assigned Fund Balances 52
Note 9 Individual Fund Activities
A. General Obligation Debt Service Fund 53
B. Water Fund 53
C. Special Service District No. 4 54
D. Special Service District No. 8 54
E. Special Service District No. 9 54
Note 10 Risk Management - Claims and Judgements 55
Note 11 Contingencies 56
Note 12 Joint Ventures
A. Solid Waste Agency of Northern Cook County 56
Note 13 Employee Retirement Systems
A. Plan Descriptions 57-73
Note 14 Pension Trust Funds
A. Schedule of Net Position 74
B. Changes in Plan Net Position 75
- 22 -

-- 53 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
Page(s)
(Continued from the previous page)
Note 15 Evanston Library Component Unit
A. Types of Accounts and Securities 76
B. Reconciliation of Cash and Investments 77
C. Summary Receivables 77
D. Capital Assets Activity 77
E. Long-Term Debt 78
- 23 -

-- 54 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The more significant of the City's and the Library's accounting policies are described below.
A. Reporting Entity
Blended Component Unit:
The Town of the City of Evanston, Illinois (the Township) has been previously presented as a separate legal entity which
administers General Assistance, a public welfare program assigned by Illinois law to townships. Eligible clients received
General Assistance for food, shelter, and medical needs. Through the town fund levy, the Township also supported a
number of community action programs, which provided direct services to welfare recipients. The Township was governed
by a Township Board of Trustees and provided services within the same geographic boundaries of the City. The Township
Board of Trustees were the same individuals as the City Council. The Township board levied taxes and was responsible
for adopting the Township budget and approving payment of bills. On April 30, 2014, the Township was discontinued
and dissolved following the March 18, 2014 general election vote taken by the registered voters of the Township. Pursuant
to 60 ILCS 1/27-15 and 1/27-20, effective 12:00 am May 1, 2014, the City assumed all rights, powers, assets, property,
obligations, and duties of the Township, including the responsibility of providing the services that were previously
provided by the Township. Beginning May 1, 2014, the functions of the Township are reported along with the City.
The financial statements of the City of Evanston, Illinois (the City) and Evanston Public Library (the Library or EPL) have
been prepared in conformity with accounting principles generally accepted in the United States of America as applied to
governmental units (hereinafter referred to as generally accepted accounting principles (GAAP)). The Governmental
Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and
financial reporting principles.
This report includes all of the funds of the City and the Library. The reporting entity for the City consists of the primary
government and its component units. Component units are legally separate organizations for which the primary
government is financially accountable or other organizations for which the nature and significance of their relationship
with the primary government are such that their exclusion would cause the reporting entity's financial statements to be
misleading. The primary government is financially accountable if (1) it appoints a voting majority of the organization's
governing body and it is able to impose its will on that organization, (2) it appoints a voting majority of the organization's
governing body and there is a potential for the organization to provide specific financial benefits to, or impose specific
financial burdens on, the primary government, (3) the organization is fiscally dependent on and there is a potential for the
organization to provide specific financial benefits to, or impose specific financial burdens on, the primary government.
Certain legally separate, tax exempt organizations should also be reported as a component unit if all of the following
criteria are met: (1) the economic resources received or held by the separate organization are entirely or almost entirely for
the direct benefit of the primary government, its component units, or its constituents; (2) the primary government or its
component units, is entitled to, or has the ability to access, a majority of the economic resources received or held by the
separate organization; and (3) the economic resources received or held by an individual organization that the primary
government, or its component units, is entitled to, or has the ability to otherwise access, are significant to the primary
government.
Component units are reported using one of two methods, discrete presentation or blending. Generally, component units
should be discretely presented in a separate column in the financial statements. A component unit should be reported as
part of the primary government using the blending method if it meets any one of the following criteria: (1) the primary
government and the component unit have substantively the same governing body and a financial benefit or burden
relationship exists; (2) the primary government and the component unit have substantively the same governing body and
management of the primary government has operational responsibility for the component unit; (3) the component unit
serves or benefits, exclusively or almost exclusively, the primary government rather than its citizens; or (4) the total debt of
the component unit will be paid entirely or almost entirely from resources of the primary government.
- 24 -

-- 55 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
A. Reporting Entity - Continued
Discrete Component Unit:
The City's financial statements include two pension trust funds:
Police Pension Employees Retirement System
Firefighters' Pension Employees Retirement System
Joint Ventures
The EPL serves the community through three branches. The EPL partners with Northwestern University and other
agencies to implement digitally based science, technology, and math learning opportunities for teens. The EPL is
continually focused on expanding summer reading programs to serve the patrons of all ages. The Library has also
expanded community outreach by promoting library services at various local places and events. The EPL does not issue
separate financial statements.
The Library Director submits a proposed budget to the EPL Board of Trustees for the upcoming calendar year. This budget
is included in the budget documents submitted by the City Manager to the City Council. The Library budget is legally
enacted through passage of a resolution by the City Council.
The EPL promotes the development of independent, self-confident, and literate citizens through the provision of open
access to cultural, intellectual, and informational resources for all ages. Beginning FY 2013, the Library financials are
shown separately as a discrete component unit of the City. However, the Library does not issue its own independent set of
financial statements. The Library Debt Service Fund was created as a part of FY2014 budget. The Library is governed by
the Library Board of Trustees. The board members are appointed by the Mayor of the City.
The City participates in one joint venture, which is reported as non-equity governmental joint venture and is described in
Footnote 13. The joint venture is Solid Waste Agency of Northern Cook County (SWANCC).
The City’s financial statements include the Police Pension Employees Retirement System (PPERS) as a fiduciary
component unit reported as a pension trust fund. The City’s sworn police employees participate in the PPERS. PPERS
functions for the benefit of these employees and is governed by a five-member pension board. Two members appointed by
the City Council, one elected pension beneficiary, and two elected police employees constitute the pension board. The
participants are required to contribute a percentage of salary as established by state statute and the City is obligated to fund
all remaining PPERS costs based upon actuarial valuations. The State of Illinois is authorized to establish benefit levels
and the City is authorized to approve the actuarial assumptions used in the determination of the City’s contribution levels.
Accordingly, the PPERS is fiscally dependent on the City.
The City’s financial statements include the Firefighters’ Pension System (the FPERS) as a fiduciary component unit
reported as a Pension Trust Fund. The City’s sworn full-time firefighters participate in the FPERS. FPERS functions for
the benefit of these employees and is governed by a five-member pension board. Two members appointed by the City
Council, one elected pension beneficiary, and two elected from active participants of the Firefighters’ Pension Fund
constitute the pension board. The participants are required to contribute a percentage of salary as established by state
statute and the City is obligated to fund all remaining FPERS costs based upon actuarial valuations. The State of Illinois is
authorized to establish benefit levels and the City is authorized to approve the actuarial assumptions used in the
determination of contribution levels. Accordingly, the FPERS is fiscally dependent on the City.
- 25 -

-- 56 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
B. Government-Wide and Fund Financial Statements
C. Fund Accounting
Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the
latter are excluded from the government-wide financial statements. Major individual governmental funds and major
individual enterprise funds are reported as separate columns in the fund financial statements. Nonmajor funds are reported
in the supplementary information.
The City and the Library use funds to report on its financial position and the results of its operations. A fund is a separate
accounting entity with a self-balancing set of accounts. Fund accounting is designed to demonstrate legal compliance and
to aid financial management by segregating transactions related to certain government functions or activities.
Fiduciary funds are used to account for assets held on behalf of outside parties, including other governments. When these
assets are held under the terms of a formal trust agreement, a private purpose trust fund is used. The pension trust fund
accounts for the activities of the Police and Firefighters' Pension Funds, which accumulate resources for pension benefit
payments to retired police and fire personnel.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report
information on all of the nonfiduciary activities of the City and the Library. The effect of interfund activity has been
removed from these statements excluding interfund services provided. Governmental activities, which normally are
supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a
significant extent on fees and charges for support.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset
by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program
revenues include (1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or
privileges provided by a given function or segment and (2) grants and contributions that are restricted to meeting the
operational or capital requirements of a particular function or segment. Taxes and other items not properly included among
program revenues are reported instead as general revenues.
Funds are classified into three categories: governmental, proprietary, and fiduciary. Each category, in turn, is divided into
separate "fund types."
Governmental funds are used to account for all or most of the City's general activities, including the collection and
disbursement of restricted or committed monies (special revenue funds), the funds committed, restricted, or assigned for
the acquisition or construction of general capital assets (capital projects funds), and the funds restricted, committed, or
assigned for the servicing of general long-term debt (debt service funds). The General Fund is used to account for all
activities of the City not accounted for in some other fund.
Proprietary funds are used to account for activities similar to those found in the private sector, where the determination of
net income is necessary or useful for sound financial administration. Goods or services from such activities can be
provided either to outside parties (enterprise funds) or to other departments or agencies primarily within the City (internal
service funds). Internal service funds are included with the governmental funds on the government-wide financial
statements.
- 26 -

-- 57 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
1.) Taxes 5.) Recycling program fees and sales
Property *
Sales (home rule) 6.) Fines
Utility Traffic fines
Personal property
Hotel tax 7.) Intergovernmental
Athletic contest tax Motor fuel tax allotments
Cigarette tax Local motor fuel tax allotments
Liquor tax Grants
Parking tax Supplemental Security income reimbursements
Income taxes
2.) Licenses Sales taxes
Use tax
3.) Franchise fees
8.) Investment income
4.) Charges for services
* Property taxes are defined as available if collected within at most 60 days after fiscal year end.
The City reports the following major governmental funds:
The General Fund is the City's primary operating fund. It accounts for all financial resources of the general
government, except those accounted for in another fund.
The government-wide financial statements are reported using the economic resources measurement focus and the accrual
basis of accounting, as are the proprietary fund statements. Revenues are recorded when earned and expenses are recorded
when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the
year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements
imposed by the provider have been met.
Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period.
The General Obligation Debt Fund is a debt service fund which accumulate monies for the principal and interest
payments on general obligation debt.
The City's and the Library's governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both
measurable and available. Revenues are considered to be available when they are collectible within the current period or
soon enough thereafter to pay liabilities of the current period, generally 60 days except for sales taxes and
telecommunication taxes which use 90 days. Expenditures generally are recorded when a liability is incurred, as under
accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, are
recorded when payment is due or when amounts have been accumulated in the debt service fund for payment to be made
early in the following year.
The following revenues associated with the current fiscal period are all considered to be susceptible to accrual and so have
been recognized as revenues of the current fiscal period.
All other revenue items are considered to be measurable and available only when cash is received by the City and the
Library.
- 27 -

-- 58 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation - Continued
The City reports the following major proprietary funds:
Additionally, the City reports the following fund types:
The Library reports the Operating Fund, Endowment Fund, Capital Improvement Fund, and Debt Service Fund.
Pension Trust Funds account for the activities of the Police and Firefighters' Pension Funds, which accumulate
resources for pension benefit payments to qualified public safety employees.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.
Exceptions to this general rule are charges between the City's enterprise funds and various other functions of the
government. Elimination of these charges would distort the direct costs and program revenues reported for the various
functions concerned.
Amounts reported as program revenues include (1) charges to customers for goods, services, or privileges provided, (2)
operating grants and contributions, and (3) capital grants and contributions, including assessments. Internally dedicated
resources are reported as general revenue rather than as program revenue. Likewise, general revenues include all taxes.
Internal Service Funds account for the fleet management and insurance services provided to other departments or
agencies of the government, or to other governments, on a cost reimbursement basis.
The Solid Waste Fund accounts for the recycling, refuse, and yard waste removal services related fees and expenses.
Refuse and yard waste are contracted out, while recycling is handled by the City staff. The City has elected to present
this fund as major.
The Motor Vehicle Parking System accounts for the provision of the public and residential parking facility on
Church Street, Maple Avenue, and Sherman Avenue, as well as all the City's parking lots and meters. All activities
are accounted for including administration, operations, financing, and revenue collection.
The Water Fund accounts for the provision of water services to the residents of the City and the sale of water to the
Villages of Skokie and Lincolnwood, Illinois and the Northwest Water Commission and Morton Grove Niles Water
Commission. All activities necessary to provide such services are accounted for in this fund, including, but not
limited to, administration, operation, maintenance, financing and related debt service, and billing and collection.
The Sewer Fund accounts for the provision of sewer repair and improvement services to the residents of the City. All
activities necessary to provide such services are accounted for in this fund, including administration, operations,
financing, and billing and collection.
Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses
generally result from providing services and producing and delivering goods in connection with a proprietary fund's
principal ongoing operations. The principal operating revenues of the enterprise funds and of the City’s internal service
funds are charges to customers for sales and services. Operating expenses for enterprise funds and internal service funds
include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and
expenses not meeting this definition are reported as non-operating revenues and expenses.
- 28 -

-- 59 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation - Continued
E. Cash and Equivalents
F. Investments
G. Inventories and Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both
government-wide and fund financial statements. In governmental funds, prepaid items are recorded based on consumption
method.
When both restricted and unrestricted resources are available for use, it is the City and Library’s policy to use restricted
resources first, then unrestricted resources as they are needed.
Cash and equivalents represent cash on hand, cash deposited in interest-bearing and non-interest-bearing checking
accounts, and investments in money markets, certificates of deposit, and treasury obligations with maturities of three
months or less at the date of acquisition, and cash deposited with The Illinois Funds.
Investments with a maturity of less than one year when purchased, non-negotiable certificates of deposit, and other
nonparticipating investments are stated at cost or amortized cost. Investments with a maturity greater than one year when
purchased and all investments of the pension trust funds are stated at fair value. Fair value is the price that would be
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the
measurement date.
Inventories in the Water, Sewer, and Fleet Service Funds are valued at cost. Inventory amounts are recorded on the basis of
a physical count.
The City and Library report unearned revenue and unavailable/deferred revenue on its financial statements. Unavailable
revenues arise when a potential revenue does not meet both the measurable and available criteria for recognition in the
current period, under the modified accrual basis of accounting. Deferred revenues arise when property tax levies are
intended to finance the next fiscal year. Unearned revenue arises when a revenue is measurable but not earned under the
accrual basis of accounting. Unearned revenues also arise when resources are received by the City and Library before it
has a legal claim to them or prior to the provision of services, as when grant monies are received prior to the issuance of
qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the City and
Library have a legal claim to the resources, the liability and deferred inflows of resource for unearned and
unavailable/deferred revenue are removed from the financial statements and revenue is recognized.
- 29 -

-- 60 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
H. Capital Assets
Description Years Description Years
Land improvements 10-100 Buildings and improvements 10-50
Leasehold improvements 10-100 Office equipment and furniture 5-15
Plant 20-100 Machinery and equipment 3-15
Transmission and distribution Infrastructure 30-100
system 5-100 Library collections 7
Sewer system and Intangible assets 5-10
underground lines 75-100
Parking meters 15
I. Compensated Absences
J. Long-Term Obligations
It is the City's and the Library’s policy to permit employees to accumulate earned but unused vacation and sick pay
benefits. All payments due in the event of termination are accrued when incurred in the government-wide and proprietary
fund financial statements. The General Fund has been used in prior years to liquidate the liability for compensated
absences of governmental funds.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond
issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums
received on debt issuances are reported as other financing sources, while discounts on debt issuances are reported as other
financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service
expenditures.
In the government-wide financial statements and proprietary fund types in the fund financial statements, long-term debt,
and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities,
or proprietary fund type statement of net position. Bond premiums and discounts, if material, are deferred and amortized
over the life of the bonds. Bonds payable are reported net of the applicable bond premium or discount.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant, and equipment are depreciated, and intangible assets are amortized using the straight-line method over the
following estimated useful lives:
A capital asset is property, such as equipment, buildings, land, utility infrastructure, roads, bridges with a cost or value
equal to or greater than $20,000 (per asset) at the date of acquisition and an expected useful life of more than one year (12
months or longer). Acquisition of motor vehicles is an exception to the $20,000 threshold. Also additional cost of less than
$20,000 associated with an asset may be capitalized if the expense is necessary to put the asset in service or its intended
use; and/or if it extends the service life of the asset. Such assets are recorded at historical cost or estimated historical cost if
purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets' lives are
not capitalized. Infrastructure acquired prior to the February 28, 2003 implementation of GASB Statement No. 34 has
been reported.
- 30 -

-- 61 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
K. Self-Insurance
L. Deferred Inflows/Outflows of Resources
M. Property Taxes
The property tax calendar for Cook County is as follows:
Description Date
Lien date January 1 of levy year
Levy date December of levy year
First installment due date
(55% of prior bill) March 1/April 1 of year following levy year
Second installment due date
(balance of total bill) September 1/October 1 of year following levy year
The City and the Library are self-insured to certain limits for general liability claims and for workers' compensation
insurance. A liability is recorded when it is probable that a loss has occurred and the amount of the loss can be reasonably
estimated. Claims liabilities are based on estimates of the ultimate cost of reported claims including future claims
adjustment expenses. General liability and workers' compensation claims are paid out of the Insurance Fund.
Property taxes are recognized as revenues in the year for which they are levied (i.e., intended to finance). On this basis,
property tax revenue includes all cash distributions of property tax related to the 2020 tax levy received during the fiscal
period between January 1, 2021 and December 31, 2021. A 3% allowance for loss is reflected in the City and the Library
financial statements.
The 2021 tax levy collections are intended to finance the 2022 fiscal year and are not considered available for current
operations and are, therefore, shown as unavailable/deferred revenue.
Property taxes are collected by the Cook County Collector and are remitted periodically to all taxing bodies, including the
City and Library. Distributions are made more often during the two main collection periods. Property taxes are levied on
a calendar year basis by passage of a tax levy ordinance.
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of
resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets
that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.
In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of
resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets
that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
- 31 -

-- 62 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
N. Fund Equity
The City and the Library consider restricted amounts to be spent first when both restricted and unrestricted fund balance is
available unless there are legal documents/contracts that prohibit doing this, such as in grant agreements requiring dollar
for dollar spending. Additionally, the City and the Library would first use committed, then assigned, and lastly unassigned
amounts of unrestricted fund balance when expenditures are made.
Governmental fund equity is classified as fund balance. In February 2009, GASB issued Statement No. 54, Fund Balance
Reporting and Governmental Fund Type Definitions. This statement establishes fund balance classifications based
primarily on the extent to which the government is bound to honor constraints on the use of the resources reported in each
governmental fund as well as establishes additional notes disclosures regarding fund balance classification policies and
procedures. The City Council may, by an ordinance, establish, modify, or remove a fund balance commitment. In
accordance with GASB Statement No. 54, the City and the Library classifies governmental fund balance as follows:
Assignments may not create unassigned deficits in any fund. However, nonspendable, restricted, or committed fund
balance may create an unassigned deficit. Also, restricted, committed, and assigned balances themselves may not be
negative.
The City has established a policy requiring a minimum of 16.6% or two months of operating expenditures to be
maintained as a reserve. This is reported as unassigned fund balance.
In the government-wide and proprietary financial statements, restricted net position is legally restricted by outside parties
for a specific purpose. Net position has not been restricted by enabling legislation adopted by the City. Net investment in
capital assets represents the book value of capital assets less any long-term debt outstanding issued to construct the capital
assets.
3. Committed - Includes fund balance amounts that are constrained for specific purposes that are internally imposed
by the government through formal action of the highest level of decision-making authority. Fund balance amounts
are committed through a formal action of the City. This formal action must occur prior to the end of the reporting
period, but the amount of commitment, which will be subject to constraints, may be determined in the subsequent
period. Any changes to the constraints imposed require the same formal action of the City that originally created the
commitment.
4. Assigned - Includes spendable fund balance amounts that are intended to be used for specific purposes that are
not considered restricted or committed. Fund balance may be assigned through the following: (1) Council may take
official action to assign amounts, (2) all remaining positive spendable amounts in governmental funds, other than the
General Fund, that are neither restricted nor committed. Assignments may take place after the end of the reporting
period.
5. Unassigned - Includes residual positive fund balance within the General Fund which has not been classified
within the other above mentioned categories. Unassigned fund balance may also include negative balances for any
governmental fund if expenditures exceeds amounts restricted, committed, or assigned for those purposes.
1. Nonspendable - Includes fund balance amounts that can not be spent either because they are not in spendable
form or because legal or contractual stipulations require them to be maintained intact.
2. Restricted - Consists of fund balances with constraints placed on their use either by (1) external groups such as
creditors, grantors, contributors, or laws or regulations of other governments or (2) law through constitutional
provisions or enabling legislation.
- 32 -

-- 63 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued
O. Interfund Transactions
P. Use of Estimates
Q. Conduit Debt
R. Deferred Implementation
In accordance with the provisions of GASB Statement No. 95, Postponement of the Effective Dates of Certain
Authoritative Guidance , the City has delayed the implementation of GASB Statement No. 87, Leases , to December 31,
2022.
The City approved the issuance of not $8,275,000 Series 2021 Revenue Bonds during the fiscal period ended
December 31, 2021. The use of proceeds includes the refunding of outstanding balance of the “Series 2011” bonds, fund
one or more debt service reserve funds and to pay certain costs incurred in connection with the issuance of the bonds. The
bonds are secured by the property or mortgages financed and are payable from the moneys, securities, and other revenues
pledged under the indenture by the school. The City is not obligated in any manner for the repayment of bonds.
Accordingly, the bonds outstanding are not reported as a liability in these financial statements. As of December 31, 2021,
outstanding bond balance was $8,275,000.
The City approved the issuance of $5,000,000 Series 2010 Revenue Bonds during the fiscal year 2010-2011 to provide
financial assistance to Chiaravalle Montessori School, deemed to be in public interest. The use of proceeds includes the
property purchase from the City, improvement to the existing building, refinancing existing debt, and payment of
miscellaneous costs. The bonds are secured by the property or mortgages financed and are payable from the monies,
securities, and other revenues pledged under the indenture by the school. The City is not obligated in any manner for the
repayment of bonds. Accordingly, the bonds outstanding are not reported as a liability in these financial statements. The
Series 2010 Revenue Bonds were refunded in 2019, and the City approved the issuance of $3,925,000 Series 2019A
Revenue Bonds and $3,735,000 Series 2019B Revenue Bonds, dated December 1, 2019. As of December 31, 2021,
outstanding bond balance of the 2019A Revenue Bonds was $3,650,000 and outstanding balance of the 2019B Revenue
Bonds was $3,540,000.
Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly
applicable to another fund are recorded as expenditures/expenses in the reimbursing fund and as reductions of
expenditures/expenses in the fund that is reimbursed. All other interfund transactions are reported as transfers.
In preparing financial statements, management is required to make estimates and assumptions that affect the reported
amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements,
and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those
estimates.
- 33 -

-- 64 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 2. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Deficit Fund Equity
The Insurance Fund, an internal service fund, had a net deficit of $4,499,181 as of December 31, 2021. The City plans
to use current resources to pay for future liabilities.
The Special Service District No. 9 had a net deficit of $206,750 as of December 31, 2021. The City plans to use current
resources to pay for future liabilities.
- 34 -

-- 65 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 3. DEPOSITS WITH FINANCIAL INSTITUTIONS AND INVESTMENTS
A. Types of Accounts and Securities
B. Pooling of Cash and Investments
The City and pension funds categorize the fair value measurements within the fair value hierarchy established by generally accepted accounting principles.
The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical
assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs.
Except for cash and investments in certain restricted and special accounts, the City pools the cash of various funds to maximize interest earnings. Interest
income is allocated to the various funds based upon their respective participation.
The Illinois Funds, created by the Illinois State Legislature under the control of the State Comptroller, operates as qualified external investment pools in
accordance with the criteria established in GASB Statement No. 79, Certain External Investment Pools and Pool Participants , and thus, reports all
investments at amortized cost rather than fair value. The investment in The Illinois Funds by participants is also reported at amortized cost. The Illinois
Funds does not have any limitations or restrictions on participant withdrawals. The Illinois Funds Treasurer's Office issues a separate financial report for The
Illinois Funds which may be obtained by contacting the Administrative Office at Illinois Business Center, 400 West Monroe Street, Suite 401, Springfield,
Illinois 62704.
IMET is a not-for-profit investment trust formed pursuant to the Illinois Municipal code and managed by a Board of Trustees elected from the participating
members. IMET is not registered with the SEC as an investment company. Investments in IMET are valued at IMET's share price, the price for which the
investment could be sold.
Illinois Statutes and the City's investment policies authorize the City to invest in obligations of the U.S. Treasury, in Government Sponsored Enterprises
(GSE) such as Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Bank (FHLB), and Fannie Mae (FNMA); bankers acceptances as
well as commercial paper rated only in the highest tier; repurchase agreements of the highest grade; collateralized certificates of deposit issued by FDIC
insured financial institutions, money market mutual funds with portfolios limited to securities guaranteed by the United States Government, the Illinois
Metropolitan Investment Fund (IMET), and The Illinois Funds.
The Firefighters' and Police Pension Funds are set up for the exclusive purpose of providing retirement and other benefits to plan participants and
beneficiaries. All investments are governed and authorized by the respective Fire and Police Pension Boards. The investment objectives and parameters
mirror those listed above for the City. However, unlike the City's public funds, the Firefighters' and Police Pension Funds may invest in various equity
accounts up to a limit of 65% of the aggregate value of each respective fund's assets. The pension funds invest to conform to all state and local statutes
governing pension funds. Additional detail is available in each pension fund's investment policies.
It is the policy of the City to invest public funds in a manner whereby its investment objectives are prioritized in the following order: safety of principal,
liquidity, and rate of return. The City also seeks to maintain diversification of investments to avoid overconcentration of any one specific issuer or business
sector. To mitigate interest rate risk, the City tries to structure the investment portfolio to meet daily cash flow needs so as to avoid needing to sell securities
on the open market. The City seeks to attain market rates of return consistent with constraints imposed by safety and cash flow needs. The City invests to
conform to all state and local statutes governing the investment of public funds. More detail is available in the City's investment policy.
- 35 -

-- 66 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 3. DEPOSITS WITH FINANCIAL INSTITUTIONS AND INVESTMENTS – Continued
C. Types of Investments
The following table presents the investment and maturities of the City's debt securities as of December 31, 2021:
Fair Value Less Than 1 Year 1 - 5 Years 6 - 10 Years Greater than 10 Years
Municipal bonds 4,232,431	$ 803,269	$ 3,429,162	$ -	$ -	$
Total 4,232,431	$ 803,269	$ 3,429,162	$ -	$ -	$
D. Deposits
Deposits consist of deposits in interest-bearing and non-interest-bearing checking accounts. At December 31, 2021, the carrying amount of the City's
deposits, including cash on hand of $11,952 was 35,770,568. The financial institutions' balances totaled $44,708,321.
Interest Rate Risk. The City's investment policy does not limit investment maturities as a means of managing its exposure to fair value losses arising from
increasing interest rates. The objective is to maintain a core portfolio with maturities primarily in the three month to three years range.
Credit Risk. State law limits investments in commercial paper, corporate bonds, and mutual bonds funds to the top two ratings issued by nationally
recognized statistical rating organizations. The City's investment policy does not impose further limits on investment choices. The Police and Firefighters'
Pension Funds have investments in corporate bonds with S&P ratings ranging from BBB- to AAA. The Illinois Funds and money markets were rated AAA
by Standard & Poor's. IMET exclusively invests in AAA Standard & Poor's securities, such as treasury and agency obligations. The City's municipal bond
investments were rated from Aa3 to Aa2 by Moody's. IMET's Convenience Fund collateralizes all of its deposits 110%. The investments in the securities of
the U.S. Government agencies were all rated AAA or Aaa by the Standard & Poor’s and by Moody’s Investor’s Services. The following investments of the
City in The Illinois Funds, PMA, and IMET are valued at the funds' share price, the price for which the investments could be sold.
Custodial Credit Risk. For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not be able to
recover the value of its investment or collateral securities that are in the possession of an outside party. All of the City's investments were insured, registered,
or held by the counterparty’s trust department in the City’s name.
Concentration of Credit Risk. It is the policy of the City to diversify its investment portfolio. Investments shall be diversified to eliminate the risk of loss
resulting from overconcentration in a security, maturity, issuer, or class of securities.
Custodial Credit Risk. For a deposit, custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not be able to recover
the value of its deposit or collateral securities that are in the possession of an outside party. Collateral is required for City deposits equal to or greater than the
amount of City deposits which exceed FDIC insured amounts. The City's depository pledges a Federal Home Loan Bank line of credit in the City's name as
collateral. All of the City's deposits were insured or collateralized at December 31, 2021.
The City has the following recurring fair value measurements as of December 31, 2021. The investments in municipal bonds and mutual funds are valued
using quoted matrix pricing models (Level 2 inputs).
City Investment Type
Investment Maturities (In Years)
- 36 -

-- 67 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 4. RECEIVABLES
A. Summary of Receivables
General
Governmental Business-Type
Activities Activities Total
Receivables (net, where applicable,
of allowances for uncollectibles):
Amusement tax 95,293	$ -	$ 95,293	$
Franchise fees - 47,687 47,687
Hotel tax 181,714 - 181,714
Liquor tax 391,018 - 391,018
Local motor fuel tax 71,618 - 71,618
Parking tax 69,023 - 69,023
Police services - - -
Transportation network tax 123,642 - 123,642
Other miscellaneous 2,341 77,893 80,234
Net Total Receivables 934,649	$ 125,580	$ 1,060,229	$
B. Loans Receivable - Special Revenue Funds
Loan Interest Loans Loan Loan
Type Rates Beginning Made Repayments Adjustments Ending
Title Transfer 0% - 8% 2,519,891	$ 384,755	$ 214,798	$ -	$ 2,689,848	$
Amortizing 0% - 8% 1,341,889 1,300,001 292,278 - 2,349,612
Forgivable 0% - 8% 4,484,938 120,839 10,010 (94,507) 4,501,260
Allowance (78,000) - - - (78,000)
Total Loans 8,268,718	$ 1,805,595	$ 517,086	$ (94,507)	$ 9,462,720	$
Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not considered to be available to liquidate
liabilities of the current period. Governmental funds also defer revenue recognition in connection with resources that have been received, but not yet
earned.
Other receivables as of December 31, 2021 for the government’s individual major funds, nonmajor, internal service funds, and fiduciary funds in the
aggregate, including the applicable allowances for uncollectible accounts, are as follows:
The City provides resources to city residents for the sale and rehabilitation of single-family and multi-family housing. Initial funding for these resources
was from Community Development Block Grant (CDBG) and Housing and Urban Development (HUD) Funds. Three types of loans are made: (1) title
transfer loans which are due in full when the housing unit is sold, (2) amortizing loans which are due in monthly installments over varying lengths of time,
and (3) forgivable loans which are forgiven over varying lengths of time based on occupancy requirements. Repayments of principal and any interest
earned on these receivables, which are recorded in the respective Special Revenue Funds, are used to make additional rehabilitation loans. An allowance
of $78,000 exists in the Special Revenue Funds due to doubtful accounts. Loan activity for the current period is summarized as follows:
- 37 -

-- 68 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 5. CAPITAL ASSETS
A. Capital Asset Activity
Capital asset activity for the fiscal year ended December 31, 2021 was as follows:
Beginning Additions Deletions Transfers Ending
Governmental Activities:
Capital Assets, not being Depreciated:
Land 7,250,067	$ -	$ -	$ -	$ 7,250,067	$
Right of way 18,695,896 - - - 18,695,896
Artwork 471,051 - - - 471,051
Construction in progress 13,988,283 6,608,035 3,865,153 - 16,731,165
Total Capital Assets, not being Depreciated 40,405,297 6,608,035 3,865,153 - 43,148,179
Capital Assets, being Depreciated/Amortized:
Buildings and improvements 141,973,735 1,590,237 - - 143,563,972
Office equipment and furniture 7,274,554 119,250 - - 7,393,804
Intangible assets 8,212,119 102,713 - - 8,314,832
Machinery and equipment 30,241,614 1,746,457 923,319 - 31,064,752
Infrastructure 201,393,119 3,907,664 - - 205,300,783
Capitalized leases 502,532 - - - 502,532
Total Capital Assets being Depreciated/Amortized 389,597,673 7,466,321 923,319 - 396,140,675
Less Accumulated Depreciation/Amortization for:
Buildings and improvements 44,290,938 2,937,952 - - 47,228,890
Office equipment and furniture 5,109,469 409,759 - - 5,519,228
Intangible assets 7,117,004 226,154 - - 7,343,158
Machinery and equipment 21,616,329 1,778,818 923,319 - 22,471,828
Infrastructure 124,746,358 6,912,705 - - 131,659,063
Capitalized leases 490,808 3,908 - - 494,716
Total Accumulated Depreciation/Amortization 203,370,906 12,269,296 923,319 - 214,716,883
Total Capital Assets being Depreciated/Amortized, Net 186,226,767 (4,802,975) - - 181,423,792
Governmental Activities Capital Assets, Net 226,632,064	$ 1,805,060	$ 3,865,153	$ -	$ 224,571,971	$
- 38 -

-- 69 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 5. CAPITAL ASSETS - Continued
A. Capital Asset Activity - Continued
Beginning Additions Deletions Transfers Ending
Business-Type activities:
Capital Assets, not being Depreciated:
Land 4,592,141	$ -	$ -	$ -	$ 4,592,141	$
Construction in progress 2,685,131 500,898 1,658,405 - 1,527,624
Artwork 359,752 - - - 359,752
Total Capital Assets, not being Depreciated 7,637,024 500,898 1,658,405 - 6,479,517
Capital Assets, being Depreciated/Amortized:
Land improvements 9,909,854 - - - 9,909,854
Buildings and improvements 77,883,334 88,986 - - 77,972,320
Leasehold improvements 772,131 - - - 772,131
Plant 68,205,481 2,883,343 748,729 - 70,340,095
Transmission and distribution system 82,363,541 6,088,327 - - 88,451,868
Sewer system and underground lines 259,629,379 1,783,045 - - 261,412,424
Intangible assets 1,250,490 - - - 1,250,490
Equipment 3,934,423 526,076 - - 4,460,499
Parking meters 1,793,741 - - - 1,793,741
Total Capital Assets being Depreciated/Amortized 505,742,374 11,369,777 748,729 - 516,363,422
Less Accumulated Depreciation/Amortization for:
Land improvements 3,960,818 460,396 - - 4,421,214
Buildings and improvements 34,255,256 2,017,945 - - 36,273,201
Leasehold improvements 383,597 23,824 - - 407,421
Plant 22,285,315 1,798,631 607,227 - 23,476,719
Transmission and distribution system 12,552,271 1,357,459 - - 13,909,730
Sewer system and underground lines 70,215,676 3,547,016 - - 73,762,692
Intangible assets 832,582 100,237 - - 932,819
Equipment 1,426,923 492,988 - - 1,919,911
Parking meters 909,002 195,434 - - 1,104,436
Total Accumulated Depreciation/Amortization 146,821,440 9,993,930 607,227 - 156,208,143
Total Capital Assets being Depreciated/Amortized, Net 358,920,934 1,375,847 141,502 - 360,155,279
Business-Type Activities Capital Assets, Net 366,557,958	$ 1,876,745	$ 1,799,907	$ -	$ 366,634,796	$
- 39 -

-- 70 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 5. CAPITAL ASSETS - Continued
A. Capital Asset Activity - Continued
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental Activities:
General management and support 415,040	$
Public safety 765,226
Public works 8,799,528
Housing and economic development 9,303
Recreation and cultural opportunities 754,701
Internal service funds 1,525,498
Total Depreciation Expense - Governmental Activities 12,269,296	$
Business-Type Activities:
Water 3,156,091	$
Sewer 3,851,711
Solid waste 69,847
Motor vehicle parking 2,916,281
Total Depreciation Expense - Business-Type Activities 9,993,930	$
B. Construction Commitments
Capital Improvement Fund 11,959,096	$
Crown Capital Improvement Fund 704,433
Motor Fuel Tax Fund 103,966
Water Fund 5,908,969
Motor Vehicle Parking System Fund 114,255
West Evanston TIF 24,700
Special Assessment Fund 36,796
Chicago Main TIF 25,341
Total Construction Commitments 18,877,556	$
The value of construction contracts signed, where the work has not yet been performed at December 31, 2021 is as follows:
- 40 -

-- 71 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 6. INTERFUNDS
A. Interfund Accounts
At December 31, 2021, interfund receivables and payables consist of the following:
Due Due
Funds From To
General Fund 4,696,477	$ 121,908	$
General Obligation Debt Service Fund - 3,833,488
Water Fund 7,432,688 11,031,508
Sewer Fund 3,540,561 -
Solid Waste Fund - 288,048
Motor Vehicle Parking System Fund - 2,733,027
Nonmajor Governmental Funds 4,432,094 460,893
Fiduciary 92,273 -
Internal Service Funds - 1,725,221
Total 20,194,093	$ 20,194,093	$
The outstanding balances between funds result mainly from the time lag between the dates that (1) interfund goods
and services are provided or reimbursable expenditures occur, (2) transactions are recorded in the accounting
system, and (3) payments between funds are made.
- 41 -

-- 72 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 6. INTERFUNDS - Continued
B. Interfund Transfers
At December 31, 2021, transfers in (out) consist of the following:
Transfers Transfers
Funds In Out
Governmental Funds
General Fund
Emergency Telephone System 90,000	$ -	$
Dempster Dodge TIF 9,996 -
Howard Ridge TIF 75,000 -
Chicago-Main TIF 30,000 -
Water 4,049,568 -
Sewer 330,168 -
Special Assessment 92,004 -
Motor Vehicle Parking System 2,972,388 -
Motor Fuel Tax 1,044,984 -
West Evanston TIF 75,000 -
Crown Community Center - 174,996
Good Neighbor 414,152 -
Reparations - 275,000
Total General Fund 9,183,260 449,996
General Obligation Debt Service Fund
Sewer 265,212 -
Special Assessment 397,320 -
Chicago-Main TIF 232,851 -
Dempster Dodge TIF 158,928 -
Howard Ridge TIF 143,112 -
Total General Obligation Debt Service Fund 1,197,423 -
Transfers are used to (1) move revenues from the fund with collection authorization to the Debt Service Fund as debt service
principal and interest payments become due, (2) move restricted amounts from borrowings to the Debt Service Fund to
establish mandatory reserve accounts, (3) move restricted General Fund revenues to finance various programs that the
government must account for in other funds in accordance with budgetary authorization, including amounts provided as
subsidies or matching funds for various grant programs.
- 42 -

-- 73 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 6. INTERFUNDS - Continued
B. Interfund Transfers - Continued
Transfers Transfers
Funds In Out
Nonmajor Governmental Funds
ARPA
Motor Vehicle Parking System -	$ 950,000	$
Water - 3,000,000
Equipment Replacement - 850,000
Total Crown Capital - 4,800,000
Dempster Dodge TIF
General - 9,996
General Obligation Debt Service - 158,928
Total Dempster Dodge TIF - 168,924
Howard Ridge TIF
General - 75,000
General Obligation Debt Service - 143,112
Total Howard Ridge TIF - 218,112
Chicago-Main TIF
General - 30,000
General Obligation Debt Service - 232,851
Water - 1,065,125
Total Chicago-Main TIF - 1,327,976
West Evanston Tax Increment District
General - 75,000
Sewer - 332,637
Total West Evanston Tax Increment District - 407,637
Special Assessment
General 92,004
General Obligation Debt Service - 397,320
Total Special Assessment - 489,324
Emergency Telephone System
General - 90,000
Total Emergency Telephone System - 90,000
Motor Fuel Tax
General - 1,044,984
Total Motor Fuel Tax - 1,044,984
Crown Maintenance
General 174,996 -
Total Crown Maintenance 174,996 -
- 43 -

-- 74 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 6. INTERFUNDS - Continued
B. Interfund Transfers - Continued
Transfers Transfers
Funds In Out
Nonmajor Governmental Funds - Continued
Good Neighbor
General -	$ 414,152	$
Total Good Neighbor - 414,152
Reparations
General 275,000 -
Total Reparations 275,000 -
Total Nonmajor Governmental Funds 449,996 8,961,109
Total Governmental Funds 10,830,679 9,411,105
Enterprise Funds
Water
General - 4,049,568
Sewer 181,174 -
ARPA 3,000,000 -
Total Water 3,181,174 4,049,568
Sewer
General - 330,168
General Obligation Debt Service Fund - 265,212
West Evanston TIF 332,637 -
Water - 181,174
Total Sewer 332,637 776,554
Motor Vehicle Parking System
General - 2,972,388
ARPA 950,000 -
Total Motor Vehicle Parking System 950,000 2,972,388
Total Enterprise Funds 4,463,811 7,798,510
Internal Service Funds
Equipment Replacement
ARPA 850,000 -
Total Insurance 850,000 -
Total Internal Service Funds 850,000 -
Business-Type Activities 1,065,125 -
Total Primary Government 17,209,615 17,209,615
Total 17,209,615	$ 17,209,615	$
Note - Transfers between the primary government and component unit have been reclassified on the statement of activities.
- 44 -

-- 75 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 7. LONG-TERM DEBT
A. Changes in Long-Term Debt
Final
Interest Maturity Balance Balance Due Within
Rate Date 12/31/2020 Issued Refunded Payments 12/31/2021 One Year
G.O. Debt Governmental Activities
Series 2012A 2.00%-3.25% 12/1/2032 4,675,000	$ -	$ 3,975,000	$ 700,000	$ -	$ -	$
Series 2013A 2.00%-4.75% 12/1/2033 7,705,000 - - 520,000 7,185,000 545,000
Series 2013B 2.00%-3.00% 12/1/2025 7,276,882 - - 1,788,893 5,487,989 1,838,117
Series 2014 1.25%-5.00% 12/1/2034 7,150,000 - - 415,000 6,735,000 430,000
Series 2015A 2.00%-4.00% 12/1/2035 6,145,000 - - 330,000 5,815,000 345,000
Series 2015B 2.00%-3.00% 12/1/2022 3,475,000 - - 1,750,000 1,725,000 1,725,000
Series 2016A 2.00%-4.00% 12/1/2036 7,920,000 - - 425,000 7,495,000 435,000
Series 2016B 2.00%-3.00% 12/1/2026 4,825,000 - - 745,000 4,080,000 770,000
Series 2017A 3.00%-4.00% 12/1/2037 10,350,000 - - 485,000 9,865,000 500,000
Series 2017B 4.00%-5.00% 12/1/2027 5,865,772 - - 776,893 5,088,879 795,281
Series 2017C 2.05%-4.00% 12/1/2035 4,770,000 - - 235,000 4,535,000 245,000
Series 2018A 3.12%-5.00% 12/1/2043 24,385,000 - - - 24,385,000 570,000
Series 2018B 2.29%-5.00% 12/1/2038 9,675,439 - - - 9,675,439 105,263
Series 2018C 4.00%-5.00% 12/1/2038 5,686,539 - - 917,988 4,768,551 589,838
Series 2018D 3.70%-4.25% 12/1/2035 3,570,000 - - - 3,570,000 180,000
Series 2019A 1.72%-2.85% 12/1/2043 12,750,000 - - - 12,750,000 330,000
Series 2019B 1.66%-2.68% 12/1/2039 6,808,604 - - 222,378 6,586,226 233,359
Series 2020 2.00%-5.00% 12/1/2040 16,853,881 - - - 16,853,881 100,000
Series 2021 2.00%-5.00% 12/1/2041 - 11,939,500 - - 11,939,500 317,200
Subtotal Governmental Activities 149,887,117 11,939,500 3,975,000 9,311,152 148,540,465 10,054,058
Bonds premium 11,356,880 1,014,988 - 1,201,175 11,170,693 -
OPEB liability - City 20,877,864 1,428,833 - - 22,306,697 762,545
OPEB liability - Internal Service Funds 137,112 5,254 - - 142,366 4,898
Net pension liability - Police Pension 101,621,116 - - 15,846,210 85,774,906 -
Net pension liability - Firefighters' Pension 90,789,910 - - 6,943,283 83,846,627 -
Compensated absences payable - City 11,005,956 1,874,286 - 2,201,191 10,679,051 65,382
Compensated absences payable - Internal Service Funds 143,120 1,154 - 28,624 115,650 23,130
Claims payable 8,254,500 807,630 - 1,559,530 7,502,600 1,424,750
Subtotal Other Governmental Activities Liabilities 244,186,458 5,132,145 - 27,780,013 221,538,590 2,280,705
Total Governmental Activities Debt and Liabilities 394,073,575	$ 17,071,645	$ 3,975,000	$ 37,091,165	$ 370,079,055	$ 12,334,763	$
G.O. Debt Business-Type Activities
Series 2012A 2.00%-3.25% 12/1/2032 2,990,000	$ -	$ 2,780,000	$ 210,000 -	$ -	$
Series 2013A - Water 2.00%-4.75% 12/1/2033 1,465,000 - - 90,000 1,375,000 90,000
Series 2014 1.25%-5.00% 12/1/2034 2,115,000 - - 115,000 2,000,000 120,000
Series 2015A 2.00%-4.00% 12/1/2035 4,485,000 - - 230,000 4,255,000 235,000
Series 2016A 2.00%-4.00% 12/1/2036 3,070,000 - - 150,000 2,920,000 155,000
Series 2017A 3.00%-4.00% 12/1/2037 865,000 - - 40,000 825,000 45,000
Series 2018B 2.29%-5.00% 12/1/2038 4,837,719 - - - 4,837,719 52,632
Series 2018C 4.00%-5.00% 12/1/2038 1,158,461 - - 187,012 971,449 120,162
Series 2019B 1.66%-2.68% 12/1/2039 3,811,654 - - 124,494 3,687,160 130,642
Series 2020 2.00%-5.00% 12/1/2040 11,106,119 - - - 11,106,119 140,000
Series 2021 2.00%-5.00% 12/1/2041 - 2,480,500 - - 2,480,500 32,800
Subtotal Business-Type Activities 35,903,953 2,480,500 2,780,000 1,146,506 34,457,947 1,121,236
IEPA loans 2.535%-3.59% Various 43,407,478 2,172,061 - 5,307,308 40,272,231 4,179,104
Bonds premium 2,730,673 323,230 - 313,960 2,739,943 -
Compensated absences payable - City 1,000,620 181,856 - 200,124 982,352 196,471
Asset retirement obligations 5,081,625 - - - 5,081,625 -
OPEB liability 1,140,098 62,250 - - 1,202,348 46,243
Subtotal Other Business-Type Activities Liabilities 9,953,016 567,336 - 514,084 10,006,268 242,714
Total Business-Type Activities Debt and Liabilities 89,264,447	$ 5,219,897	$ 2,780,000	$ 6,967,898	$ 84,736,446	$ 5,543,054	$
Total Governmental and Business-Type Activities Debt and Liabilities 483,338,022	$ 22,291,542	$ 6,755,000	$ 44,059,063	$ 454,815,501	$ 17,877,817	$
At December 31, 2021, the City reported an IMRF net pension asset of $20,626,546 in Governmental Activities and $5,519,524 in Business-Type Activities.
Note: Sewer Fund, Water Fund, Solid Waste Fund, Parking Fund, and General Fund have been used to liquidate IMRF pension liability. General Fund, Fleet Fund, Water Fund,
Parking Fund, Solid Waste Fund, and Sewer Fund have been used to liquidate other postemployment benefit obligations.
- 45 -

-- 76 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 7. LONG-TERM DEBT - Continued
A. Changes in Long-Term Debt - Continued
Business-Type Activities - IEPA Loans
IEPA loans payable consist of the following:
Date of Final Interest Original
Issue Maturity Rates Indebtedness Balance
Various Various Various 111,337,936	$ 40,272,231	$
Total Business-Type Activities - IEPA Loan Debt 40,272,231	$
Business-type activities IEPA loans are payable from revenues derived from Sewer and Water service fees. The City has
pledged future revenues, net of operating expenses, to repay principal totaling $111,337,936 in IEPA loans issued in 1994
through 2021. Proceeds from the loans provided financing for the Long-Term Sewer and Water Improvement Program.
The IEPA loans, payable from operating revenues, are payable through 2040. Annual principal and interest on the loans are
expected to require $4,942,895 of net revenues for the fiscal year 2022. The total principal and interest remaining to be paid
on the loans is $45,544,504. Principal and interest paid for the current period and total customer net revenues were
$6,186,195 and $12,002,801, respectively.
- 46 -

-- 77 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 7. LONG-TERM DEBT - Continued
B. General Obligation Bonds Payable
Year Ending Governmental Activities Business-Type Activities
December 31, Principal Interest Principal Interest
2022 10,054,058	$ 5,449,235	$ 1,121,236	$ 1,235,215	$
2023 9,971,563 5,225,660 1,712,707 1,162,184
2024 9,873,921 4,836,112 1,937,687 1,091,779
2025 10,226,121 4,437,788 2,013,796 1,011,868
2026 9,487,199 4,020,490 1,951,405 925,817
2027-2031 40,225,900 14,802,391 10,766,339 3,400,664
2032-2036 33,128,276 8,056,667 9,518,911 1,582,075
2037-2041 20,588,427 3,096,454 5,435,866 320,359
2042-2044 4,985,000 328,400 - -
Total 148,540,465	$ 50,253,197	$ 34,457,947	$ 10,729,961	$
The City issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities.
General obligation bonds have been issued for both governmental and business-type activities.
General obligation bonds are direct obligations and pledge the full faith and credit of the City. These bonds generally are
issued as 20-year serial bonds with equal amounts of principal maturing each year.
On September 14, 2021, the City issued Series 2021 General Obligation Bonds for a total of $14,420,000 with interest
rates ranging from 2.00%-5.00%. The bonds were issued to provide financing for certain capital improvements
($8,370,000) and to refund certain outstanding bonds ($6,050,000).
As described above, $12,225,000 of the City's 2021 General Obligation bonds issued were to advance refund $6,050,000
of the outstanding General Obligation Bonds Series 2012A (call date December 1, 2021). As a result of the refunding, the
City realized a cash flow savings of $666,466 and economic gain of approximately $757,135.
The following schedule illustrates the annual debt service requirements to maturity for general obligation bonds.
- 47 -

-- 78 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 7. LONG-TERM DEBT - Continued
C. Notes Payable - IEPA Loans
Notes payable - IEPA debt service requirements to maturity are as follows:
For the Fiscal
Year Ending Principal Interest
2022 4,179,103	$ 803,871	$
2023 4,275,753 707,221
2024 4,042,946 610,460
2025 3,251,171 521,838
2026 3,027,193 453,868
2027-2031 9,143,830 1,569,626
2032-2036 7,339,611 816,627
2037-2041 5,012,624 206,171
Total 40,272,231	$ 5,689,682	$
D. Postemployment Benefits other than Pensions (Defined Benefit Plan)
Contribution requirements are established through Illinois State laws. The City and the Library implicitly contributes the
difference between retiree's contributions and unblended rates. Retirees pay 100% of the blended premiums to cover
themselves and their covered dependents ranging from $595 for single coverage to $2,134 for family coverage. The City
pays 100% of health care premiums for police officers and firefighters, their dependents and their surviving spouses and
dependent children if they were injured or killed in the line of duty during an emergency, ranging from $595 for single
coverage to $2,134 for family coverage. For the year ended December 31, 2021, the City and Library's estimated
contribution to the plan is $827,885. The City's and the Library's annual other postemployment benefit (OPEB) cost
(expense) is calculated based on the annual required contribution of the employer (ARC), an amount actuarially
determined in accordance with parameters of GASB Statement No. 75. The ARC represents a level of funding that, if paid
on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or
funding excess) over a period not to exceed 30 years.
The City's and the Library's group health insurance plan provides coverage to active employees and retirees (or other
qualified terminated employees) at blended premium rates. This results in an other postemployment benefit (OPEB) for the
retirees, commonly referred to as an implicit rate subsidy. The group health insurance plan does not issue a publicly
available financial report.
Business-Type Activities
As of December 31, 2021, the City currently has 19 outstanding loans from the IEPA. The City will repay the loans solely
from revenues derived from the sewer and water system; the loans do not constitute a full faith and credit obligation of the
City. They will be repaid with equal installments consisting of principal plus simple interest, on unpaid principal balances,
over a period of 20 years. Initial principal balances will consist of disbursements and interest accrued during construction.
Repayments begin not later than six months after completion of construction.
The City and the Library administer a single-employer defined benefit health care plan which provides coverage to active
employees and retired members. Benefit provisions are established through collective bargaining agreements and state that
eligible retires and their spouses at established contribution rates.
- 48 -

-- 79 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 7. LONG-TERM DEBT - Continued
D. Postemployment Benefits other than Pensions (Defined Benefit Plan) - Continued
Membership
Retirees and beneficiaries current receiving benefits 71
Terminated employees entitled to benefits but not yet receiving them 10
Active employees 682
Total 763
Actuarial valuation date December 31, 2021
Measurement date December 31, 2021
Actuarial cost method Entry-age normal
Inflation 3.50%
Discount rate 1.84%
Healthcare cost trend rates 7.00% in Fiscal
2021, to an
ultimate trend
rate of 4.50%
Asset valuation method N/A
Mortality rates RP - 2014 Blue
Collar base rates
for Police and
Fire, RP-2014
base rates for all
other employees,
projected to 2020
using scale
MP2020.
Discount Rate
The total OPEB liability was determined by an actuarial valuation performed as of December 31, 2021 using the following
actuarial methods and assumptions.
The discount rate was based on the S&P Municipal Bond 20 year high-grade rate index rate for tax exempt general
obligation municipal bonds rated AA or better at December 31, 2021.
At December 31, 2021, membership consisted of:
Actuarial Assumptions and Other Inputs
- 49 -

-- 80 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 7. LONG-TERM DEBT - Continued
D. Postemployment Benefits other than Pensions (Defined Benefit Plan) - Continued
City Library
Balances at January 1, 2021 22,155,075	$ 379,444	$
Changes for the period
Service cost 1,518,472 25,946
Interest 434,979 7,433
Changes in benefits - -
Differences between expected
and actual experience - -
Changes in assumptions 356,862 13,819
Implicit benefit payments (813,977) (13,908)
Other changes - -
Net changes 1,496,336 33,290
Balances at December 31, 2021 23,651,411	$ 412,734	$
There was a change in assumptions related to the discount rate in 2021.
Rate Sensitivity
Current
1% Decrease Discount Rate 1% Increase
(0.84%) (1.84%) (2.84%)
City $ 26,171,383 $ 23,651,411 $ 21,455,946
Library 448,230 412,734 367,470
Total OPEB Liability $ 26,619,613 $ 24,064,145 $ 21,823,416
Current
1% Decrease Discount Rate 1% Increase
(6.5% to 3.5%) (7.5% to 4.5%) (8.5% to 5.5%)
City $ 20,641,273 $ 23,651,411 $ 27,302,847
Library 353,518 412,734 467,608
Total OPEB Liability $ 20,994,791 $ 24,064,145 $ 27,770,455
Changes in the Total OPEB Liability
The following is a sensitive analysis of total OPEB liability to changes in the discount rate and the healthcare cost trend
rate. The table below presents the total OPEB liability of the City and Library calculated using the discount rate of 1.84%
as well as what the City's and Library's total OPEB liability would be if it were calculated using a discount rate that is 1
percentage point lower (0.84%) or 1 percentage point higher (2.84%) than the current rate:
The table below presents the total OPEB liability of the City and Library calculated using the healthcare rate of 7.5%
decreasing to 4.5% as well as what the City's and Library’s total OPEB liability would be if it were calculated using a
healthcare rate that is 1 percentage point lower (6.5% decreasing to 3.5%) or 1 percentage point higher (8.5% decreasing to
5.5%) than the current rate:
Total OPEB Liability
- 50 -

-- 81 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 7. LONG-TERM DEBT - Continued
D. Postemployment Benefits other than Pensions (Defined Benefit Plan) - Continued
Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience $ - $ 2,341,073
Changes in assumption 4,480,052 823,189
Total $ 4,480,052 $ 3,164,262
Year Ending
December 31,
2022 138,238	$
2023 138,238
2024 138,238
2025 138,238
2026 138,238
Thereafter 624,600
Total 1,315,790	$
E. Asset Retirement Obligations
The City has recognized an asset retirement obligation (ARO) and related deferred outflow of resources in connection with
its obligation to seal and abandon various intake pipelines at the end of their estimated useful lives in accordance with
federal, state and/or local requirements. The ARO was measured using actual historical costs for similar abandonments,
adjusted for inflation through the end of the year. The City estimates the remaining useful lives of the intake pipelines are
53 years.
Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized
in OPEB expense as follows:
The deferred outflows and deferred inflows of resources presented in the table above include amounts for the City. The
Library’s proportionate share of the deferred outflows and deferred inflows of resources at December 31, 2021 was
$75,437 and $53,281 respectively.
For the year ended December 31, 2021, the City recognized OPEB expense of $2,127,436. At December 31, 2021, the
City reported deferred outflows and deferred inflows of resources related to OPEB from the following sources:
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB
- 51 -

-- 82 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 8. FUND EQUITY
A. Restricted Net Position - Fiduciary Funds
Fiduciary Funds
Firefighters' Pension Fund restriction for employee pension benefits 114,592,514	$
Police Pension Fund restriction for employee pension benefits 182,575,170
Total Fiduciary Funds 297,167,684	$
B. Assigned Fund Balances
The following are the assigned fund balances:
General Fund
Assigned for Arts Council 3,948	$
Assigned for parkway trees 60,722
Assigned for Butterfield sculpture 30,880
Assigned for Noyes Center 312,170
Assigned for recreation group activities 207,123
Assigned for parks and recreation 450,505
Assigned for Mayor's programs 93,679
Other assignments 648,233
Total General Fund 1,807,260
Nonmajor Governmental Funds
Assigned for capital improvements 10,776,662
Assigned for special assessment capital projects 2,133,596
Total Nonmajor Governmental Funds 12,910,258
Total Assigned Fund Balances 14,717,518	$
- 52 -

-- 83 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 9. INDIVIDUAL FUND ACTIVITIES
A. General Obligation Debt Service Fund
B. Water Fund
The City usually adopts several resolutions abating portions of the property tax debt service levies. The amount of
property taxes abated is derived from principal and interest payments by private assessments on street paving projects;
additional water/sewer service fees related to the citywide water/sewer improvement project; tax increment revenues in
the Howard Hartrey Tax Increment District; revenues from the Motor Vehicle Parking System Fund associated with the
Maple Garage, Sherman Garage, and Church Street Self-Park Garage; and General Obligation Debt Service Fund
interest income.
On January 28, 1997, the City executed a long-term water supply contract with the Village of Skokie, Illinois, to replace
an expiring contract. The contract took effect on March 1, 1997 and continues in effect for a period of 20 years until
February 28, 2017. The contract was extended further until October 31, 2017.
The City provides potable Lake Michigan water to the Northwest Water Commission (NWWC) under a long-term water
supply contract. Sale of potable water under this contract began on February 28, 1985 and continues until February 28,
2030. Under the terms of the current contract, the City is to supply NWWC sufficient potable Lake Michigan water to
satisfy NWWC’s maximum 24-hour demands for Lake Michigan water for resale to NWWC’s customers.
The City provides potable Lake Michigan water to the Morton Grove Niles Water Commission (MGNWC) under a long-
term water supply contract. Sale of potable water under this contract began January 24, 2017 and continues until
December 31, 2056. Under the terms of the current contract, the City is to supply MGNWC sufficient potable Lake
Michigan water to satisfy MGNWC's maximum 24-hour demands for Lake Michigan water for resale to MGNW's
customers.
The City also provides potable Lake Michigan water to the Village of Lincolnwood (Lincolnwood) under a long-term
water supply contract. Sale of potable water under this contract began August 24, 2018 and continues until August 24,
2047.
The Water Fund revenues reflect payment from the Village of Skokie at the rate of $1.26 per 1000 gallons as
agreed upon during 2021.
- 53 -

-- 84 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 9. INDIVIDUAL FUND ACTIVITIES - Continued
C. Special Service District No. 7
D. Special Service District No. 8
E. Special Service District No. 9
On December 9, 2019, the City Council adopted Ordinance No. 159-O-19 which established Special Service District
No. 7. Special Service District No. 7 comprises the central business district of the City. The special district was
established for the purpose of providing funds for special maintenance and repair and for promotion and advertisement.
The annual property tax levy for 2021 was $159,444 which includes an estimated allowance amount of $4,644.
On December 9, 2019, the City Council adopted Ordinance No. 160-O-19 which created Special Service District No. 8.
Special Service District No. 8 comprises the central business district of the City. The special district was established for
the purpose of providing funds for special maintenance and repair and for promotion and advertisement. The annual
property tax levy for 2021 was $62,006 which includes an estimated allowance amount of $1,806.
On December 9, 2019, the City Council adopted Ordinance No. 161-O-19 which terminated the life of Special Service
District No. 4 and reestablished the Special Service Area as Special Service Area No. 9. Special Service District No. 9
comprises the central business district of the City. The special district was established for the purpose of providing
funds for special maintenance and repair and for promotion and advertisement. The annual property tax levy for 2021
was $610,995 which includes an estimated allowance amount of $18,330.
- 54 -

-- 85 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 10. RISK MANAGEMENT - CLAIMS AND JUDGMENTS
The changes in the balances of claims liabilities during the past two fiscal periods are as follows:
Workers’ General
Compensation Liability Total
December 31, 2019 2,617,550 4,809,000 7,426,550
New claims and/or estimate revisions (164,669) 1,700,000 1,535,331
Claims payments (570,381) (137,000) (707,381)
December 31, 2020 1,882,500 6,372,000 8,254,500
New claims and/or estimate revisions 782,630 25,000 807,630
Claims payments (572,530) (987,000) (1,559,530)
December 31, 2021 2,092,600	$ 5,410,000	$ 7,502,600	$
The City records estimated liabilities for workers' compensation and for general claims. Claims liabilities are based on estimates of the
ultimate cost of reported claims including future claim adjustment expenses.
Workers' compensation and general liability risks are accounted for in the Insurance Fund. The fund was established on March 1, 1994
to administer general liability claims and workers' compensation programs on a cost-reimbursement basis. The fund accounts for the
aforementioned liabilities of the City, but does not constitute a transfer of risk from the City.
For workers' compensation, specific excess coverage in excess of $750,000 per occurrence is purchased from a commercial insurance
company. For general liability claims, the City retains risk of loss of $1,250,000 to a limit of $20,000,000.
For its health insurance coverages, the City participates through a sub-pool in the Intergovernmental Personnel Benefit Cooperative
(IPBC). IPBC is a public entity risk pool established in 1979 by certain units of local government in Illinois to administer some or all
of the personnel benefit programs (primarily medical, dental, and life insurance coverage) offered by these members to their officers
and employees and to the officers and employees of certain other governmental, quasi governmental, and nonprofit public service
entities. Management consists of a Board of Directors comprised of one appointed representative from each member. The officers of
IPBC are chosen by the Board of Directors from among their membership. The City does not exercise any control over the activities of
IPBC beyond its representation on the Board of Directors of the sub-pool. To obtain IPBC’s financial statements, contact the
administrative offices of IPBC at 301 East Irving Park Road, Streamwood, Illinois 60107.
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; natural
disasters; and injuries to the City's employees. The City maintains commercial all-risk property insurance to cover damage to city
facilities and contents and other losses including business interruption and loss of rents. The coverage is subject to a deductible of
$50,000 (except $100,000 for flood and earthquake and $10,000 for artwork) for each loss and each location. The City also maintains
crime and fidelity insurance coverage with a $25,000 deductible to a limit of $2,000,000. In addition, coverage is maintained for
ambulance/paramedic liability.
- 55 -

-- 86 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 11. CONTINGENCIES
NOTE 12. JOINT VENTURES
A. Solid Waste Agency of Northern Cook County
Complete financial statements for the Agency can be obtained at 77 W. Hintz Rd., Suite 200, Wheeling, Illinois, 60090.
There are various claims and legal actions pending against the City for which provision has been made in the financial
statements. At the present time, the City believes that the reserves established are sufficient so that the expected liability for
these claims and legal actions will not materially exceed the amounts recorded in the financial statements. Amounts
received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the federal
government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable
funds. The amount, if any, of the expenditures which may be disallowed by the grantor cannot be determined at this time
although the City expects such amounts, if any, to be immaterial.
Under the 1992 project use agreement executed by the City with the Agency, the City’s share of project costs, including
debt service and disposal, is based on its share of deliveries to the Wheeling Transfer Station for each year. The City does
not control the Agency's fiscal management or operations nor is the City legally responsible for any more than its share of
the Agency's debt or operating deficits, if any.
On March 28, 1988, the Evanston City Council authorized agreements providing for the City's participation in the Solid
Waste Agency of Northern Cook County (Agency) and in the interim financing of that Agency. The Agency was planned
and developed by the Northwest Municipal Conference, of which the City is a member. The Agency is empowered to plan,
finance, construct, and operate a solid waste disposal system.
The Agency is a municipal joint action agency created as of May 2, 1988 under the provisions of the Intergovernmental
Cooperation Act (the Act), 5 ILCS 220/3.2. The Agency consists of 23 municipalities. The Agency is governed by a Board
of Directors consisting of one official selected by each member community who serves a two-year term. Each director has
one vote. The Board of Directors determines the general policies of the Agency. The Executive Committee of the Agency
consists of seven persons elected by the Board of Directors. Each person is entitled to one vote. The Executive Committee
may take action not specifically reserved to the Board of Directors by the Act, the Agency agreement, or the by-laws.
The authority to designate management, influence operations, and formulate budgets rests with the Board of Directors and
Executive Committee. No one member has the ability to significantly influence operations; therefore, the Agency is not a
component unit of any other governmental reporting entity.
- 56 -

-- 87 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS
A. Plan Descriptions
Illinois Municipal Retirement Fund
Plan Administration
Plan Membership
Inactive employees or their beneficiaries
currently receiving benefits 704
Inactive employees entitled to but not
395
Active employees 505
Total 1,604
The IMRF data included in the table above includes membership of both the City and the Library.
The City contributes to three defined benefit pension plans, the Illinois Municipal Retirement Fund (IMRF), an agent
multiple-employer public employee retirement system; the Police Pension Plan which is a single-employer pension
plan; and the Firefighters’ Pension Plan which is also a single-employer pension plan.
The City had an aggregate net pension asset of $26,146,070, aggregate net pension liability of $169,621,533,
aggregate deferred outflows of resources of $22,442,851, aggregate deferred inflows of resources of $61,482,352 and
aggregate pension expense of $8,607,037 at December 31, 2021.
yet receiving benefits
At December 31, 2020, IMRF membership consisted of:
All employees hired in positions that meet or exceed the prescribed annual hourly standard must be enrolled in IMRF
as participating members.
The City contributes to the Illinois Municipal Retirement Fund (IMRF), a defined benefit agent multiple-employer
public employee retirement system that acts as a common investment and administrative agent for local governments
and school districts in Illinois (other than those covered by the Police or Firefighters' Pension Plan). The Illinois
Pension Code establishes the benefit provisions of the plan that can only be amended by the Illinois General
Assembly. IMRF issues a publicly available financial report that includes financial statements and supplementary
information for the plan as a whole, but not by individual employer. That report may be obtained by writing to the
Illinois Municipal Retirement Fund, 2211 York Road, Suite 500, Oak Brook, Illinois 60523.
The plan is accounted for on the economic resources measurement focus and the accrual basis of accounting.
Employer and employee contributions are recognized when earned in the year that the contributions are required,
benefits and refunds are recognized as an expense and liability when due and payable.
- 57 -

-- 88 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Benefits Provided
Contributions
Actuarial Assumptions
Actuarial valuation date December 31, 2020
Actuarial cost method Entry-age normal
Assumptions
Inflation 2.50%
Salary increases 3.35% to 14.25%
Interest rate 7.25%
Cost of living adjustments 3.25%
Asset valuation method Fair value
The City’s net pension liability was measured as of December 31, 2020 and the total pension liability used to calculate
the net pension liability was determined by an actuarial valuation performed as of the same date using the following
actuarial methods and assumptions.
Employees participating in IMRF are required to contribute 4.50% of their annual covered salary to IMRF. The
member rate is established by state statute. The City is required to contribute the remaining amounts necessary to fund
IMRF as specified by statue. The employer contribution rate for the calendar year ended December 31, 2021 was
8.1% of covered payroll.
IMRF provides two tiers of pension benefits. Employees hired prior to January 1, 2011 are eligible for Tier 1 benefits.
For Tier 1 employees, pension benefits vest after eight years of service. Participating members who retire at age 55
(reduced benefits) or after age 60 (full benefits) with eight years of credited service are entitled to an annual retirement
benefit, payable monthly for life, in an amount equal to 1 2/3% of their final rate of earnings, for each year of credited
service up to 15 years, and 2% for each year thereafter. Employees hired on or after January 1, 2011 are eligible for
Tier 2 benefits. For Tier 2 employees, pension benefits vest after ten years of service. Participating members who retire
at age 62 (reduced benefits) or after age 67 (full benefits) with ten years of credited service are entitled to an annual
retirement benefit, payable monthly for life, in an amount equal to 1 2/3% of their final rate of earnings, for each year
of credited service up to 15 years, and 2% for each year thereafter. IMRF also provides death and disability benefits.
These benefit provisions and all other requirements are established by state statute.
- 58 -

-- 89 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Actuarial Assumptions - Continued
Discount Rate
The discount rate used to measure the total pension liability was 7.25%. The projection of cash flows used to
determine the discount rate assumed that member contributions will be made at the current contribution rate and that
the City contributions will be made at rates equal to the difference between actuarially determined contribution rates
and the member rate. Based on those assumptions, the City’s fiduciary net position was projected to be available to
make all projected future benefit payments of current plan members.
There were no changes in assumptions made since the prior measurement date.
For non-disabled retirees, an IMRF specific mortality table was used with fully generational projection scale MP-2017
(base year 2015). The IMRF specific rates were developed from the RP-2014 Blue Collar Healthy Annuitant
Mortality Table with adjustments to match current IMRF experience. For disabled retirees, an IMRF specific mortality
table was used with fully generational projection scale MP-2017 (base year 2015). The IMRF specific rates were
developed from the RP-2014 Disabled Retirees Mortality Table applying the same adjustments that were applied for
non-disabled lives. For active members, an IMRF specific mortality table was used with fully generational projection
scale MP-2017 (base year 2015). The IMRF specific rates were developed from the RP-2014 Employee Mortality
Table with adjustments to match current IMRF experience.
- 59 -

-- 90 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Changes in Net Pension Liability
(a) (b) (a) - (b)
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability (Asset)
Balances at
January 1, 2020 258,150,479	$ 261,570,579	$ (3,420,100)	$
Changes for the period
Service cost 3,850,771 - 3,850,771
Interest 18,314,051 - 18,314,051
Difference between expected and
actual experience (2,056,346) - (2,056,346)
Changes in assumptions (1,993,968) - (1,993,968)
Employer contributions - 3,235,547 (3,235,547)
Employee contributions - 1,684,700 (1,684,700)
Net investment income - 37,552,547 (37,552,547)
Benefit payments and refunds (14,936,529) (14,936,529) -
Administrative expense - - -
Other (net transfer) - 1,390,447 (1,390,447)
Net changes 3,177,979 28,926,712 (25,748,733)
Balances at
December 31, 2020 261,328,458	$ 290,497,291	$ (29,168,833)	$
The table presented above includes amounts for both the City and the Library. The City’s proportionate share of the
net pension liability at January 1, 2020, the employer contributions, and the net pension liability (asset) at
December 31, 2021 was $(3,062,601), $2,989,630, and ($26,146,070), respectively. The Library’s proportionate
share of the net pension liability at January 1, 2020, the employer contributions and the net pension liability (asset) at
December 31, 2021 was $(357,499), $332,181, and ($3,022,763), respectively.
- 60 -

-- 91 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
City Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 476,142	$ 1,379,185	$
Changes in assumption 1,045,013 1,272,548
Net difference between projected and actual earnings
on pension plan investments - 20,793,329
Employer contributions after the measurement date 2,977,572 -
Total 4,498,727	$ 23,445,062	$
Library Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 55,047	$ 159,448	$
Changes in assumption 120,815 147,120
Net difference between projected and actual earnings
on pension plan investments - 2,403,930
Employer contributions after the measurement date 344,239 -
Total 520,101	$ 2,710,498	$
Total Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 531,189	$ 1,538,633	$
Changes in assumption 1,165,828 1,419,668
Net difference between projected and actual earnings
on pension plan investments - 23,197,259
Employer contributions after the measurement date 3,321,811 -
Total 5,018,828	$ 26,155,560	$
For the year ended December 31, 2021, the City recognized pension expense of $(3,773,393). At December 31, 2021,
the City and the Library reported deferred outflows of resources and deferred inflows of resources related to IMRF
from the following sources:
- 61 -

-- 92 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Illinois Municipal Retirement Fund - Continued
Year Ending
December 31, City Library Total
2022 (6,239,300)	$ (721,329)	$ (6,960,629)	$
2023 (3,534,386) (408,612) (3,942,998)
2024 (8,761,696) (1,012,945) (9,774,641)
2025 (3,388,525) (391,750) (3,780,275)
Thereafter - - -
Total (21,923,907)	$ (2,534,636)	$ (24,458,543)	$
Discount Rate Sensitivity
Current
1% Decrease Discount Rate 1% Increase
(6.25%) (7.25%) (8.25%)
City (487,281)	$ (26,146,070)	$ (46,364,954)	$
Library (56,335) (3,022,763) (5,360,280)
Total (543,616)	$ (29,168,833)	$ (51,725,234)	$
The following is a sensitivity analysis of the net pension liability (asset) to changes in the discount rate. The table
below presents the net pension liability (asset) of the City calculated using the discount rate of 7.25% as well as what
the City’s net pension liability (asset) would be if it were calculated using a discount rate that is 1 percentage point
lower (6.25%) or 1 percentage point higher (8.25%) than the current rate:
$3,321,811 reported as deferred outflows of resources related to pensions resulting from contributions subsequent to
the measurement date will be recognized as a reduction of the net pension liability in the reporting year ending
December 31, 2022. Other amounts reported as deferred outflows of resources and deferred inflows of resources
related to IMRF will be recognized in pension expense as follows:
- 62 -

-- 93 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans
Plan Administration
Plan Membership
At January 1, 2021, plan membership consisted of:
Firefighters'
Police Pension Pension
Inactive plan members or beneficiaries
currently receiving benefits 192 149
Inactive plan members entitled to
but not yet receiving benefits 18 2
Active plan members 146 95
Total 356 246
Benefits Provided
The Police and Firefighters' Pension Plans are accounted for on the economic resources measurement focus and the
accrual basis of accounting. Employer and employee contributions are recognized when earned in the year that the
contributions are required, benefits and refunds are recognized on an expense and liability when due and payable.
The Police Pension Plan and Firefighters' Pension Plan are contributory, single employer defined benefit public
employee retirement plans administered by the City and a Board of Trustees for each fund. All sworn city police officers
and firefighters are participants in the plans. The plans do not issue stand-alone financial reports and they are not
included in the report of a public employee retirement system or another entity. The City accounts for the Police Pension
and Firefighters' Pension Plans as pension trust funds.
The plans are governed by a five-member pension board. Two members appointed by the City's Council, one elected
retired pension member, and two elected active members constitute the pension boards.
For employer contributions, the City’s budget policy is to fund pension plans at the funding level recommended annually
by the actuary. The General Fund is used to liquidate the net pension liability.
As provided for in the Illinois Compiled Statutes, the Police and Firefighters' Pension Funds provide retirement benefits
as well as death and disability benefits to employees grouped into two tiers. Tier 1 is for employees hired prior to
January 1, 2011 and Tier 2 is for employees hired after that date. The following is a summary of the Police and
Firefighters' Pension Funds as provided for in Illinois Compiled Statutes.
- 63 -

-- 94 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS – Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Benefits Provided - Continued
Police Pension Plan
Firefighters' Pension Plan
Tier 1 ‑ Covered employees hired prior to January 1, 2011 attaining the age of 50 or more with 20 or more years of
creditable service are entitled to receive an annual retirement benefit of one half of the salary attached to the rank on the
last day of service, or for one year prior to the last day, whichever is greater. The pension shall be increased by 2.5% of
such salary for each additional year of service over 20 years up to 30 years to a maximum of 75% of such salary.
Employees with at least 8 years but less than 20 years of credited service may retire at or after age 60 and receive a
reduced retirement benefit. The monthly pension of a police officer who retired with 20 or more years of service after
January 1, 1977 shall be increased annually, following the first anniversary date of retirement and paid upon reaching at
least age 55, by 3% of the original pension and 3% compounded annually thereafter.
Tier 2 ‑ Covered employees hired on or after January 1, 2011 attaining the age of 55 or older with ten or more years of
creditable service are entitled to receive an annual retirement benefit equal to the greater of the average monthly salary
obtaining by dividing the total salary during the 48 consecutive months of service within the last of 60 months in which
the total salary was the highest by the number of months in that period; or the average monthly salary obtained by
dividing the total salary of the police officer during the 96 consecutive months of service within the last 120 months of
service in which the total salary was the highest by the number of months of service in that period. Police officers’ salary
for pension purposes is capped at $106,800, plus the lesser of ½ of the annual change in the Consumer Price Index or
3% compounded. The annual benefit shall be increased by 2.50% of such salary for each additional year of service over
20 years up to 30 years to a maximum of 75% of such salary. Employees with at least ten years may retire at or after age
50 and receive a reduced benefit (i.e., ½% for each month under 55). The monthly benefit of a Tier 2 police officer shall
be increased annually at age 60 on the January 1st after the police officer retires, or the first anniversary of the pension
starting date, whichever is later. Noncompounding increases occur annually, each January thereafter. The increase is the
lesser of 3% or ½ of the change in the Consumer Price Index for the preceding calendar year.
Tier 2 ‑ Covered employees hired on or after January 1, 2011 attaining the age of 55 or older with ten or more years of
creditable service are entitled to receive an annual retirement benefit equal to the greater of (1) the average monthly
salary obtained by dividing the total salary of the firefighter during the 48 consecutive months of service within the last
of 60 months in which the total salary was the highest by the number of months in that period; or (2) the average
monthly salary obtained during the 96 consecutive months of service within the last 120 months of service in which the
total salary was the highest by the number of months of service in that period. Firefighters’ salary for pension purposes is
capped at $106,800, plus the lesser of ½ of the annual change in the Consumer Price Index or 3% compounded
annually. The annual benefit shall be increased by 2.50% of such salary for each additional year of service over 20 years
up to 30 years to a maximum of 75% of such salary. Employees with at least ten years may retire at or after age 50 and
receive a reduced benefit (i.e., ½% for each month under 55). The monthly benefit of a Tier 2 firefighter shall be
increased annually at age 60 on the January 1st after the firefighter retires or the first anniversary of the pension starting
date, whichever is later. Noncompounding increases occur annually, each January thereafter. The increase is the lesser
of 3% or ½ of the change in the Consumer Price Index for the preceding calendar year.
Tier 1 - Covered employees hired prior to January 1, 2011 attaining the age of 50 or more with 20 or more years of
creditable service are entitled to receive a monthly retirement benefit of one-half of the monthly salary attached to the
rank held in the fire service at the date of retirement. The monthly pension shall be increased by one-twelfth of 2.5% of
such monthly salary for each additional month over 20 years of service through 30 years of service to a maximum of
75% of such monthly salary. Employees with at least 10 years but less than 20 years of credited service may retire at or
after age 60 and receive a reduced retirement benefit. The monthly pension benefit of a firefighter who retired with 20
or more years of service after January 1, 1977 shall be increased annually, following the first anniversary date of
retirement and paid upon reaching at least the age 55, by 3% of the original pension and 3% compounded annually
thereafter.
- 64 -

-- 95 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Contributions
Investment Policy
Police Pension Fund
Police Pension Asset Class
Domestic Large-Cap Equities 1.80%
Domestic Small-Cap Equities 2.10%
International Equities 4.20%
Fixed Income 0.30%
REITS 3.40%
Cash -1.00%
Total
The Fund's investment policy allows investments in all of the above listed accounts, but does exclude any repurchase
agreements. The Fund's investment policy, in accordance with Illinois Statutes, establishes the following target
allocation across asset classes:
5.00%
52.00%
5.00%
32.00%
3.00%
3.00%
100.00%
Participants contribute a fixed percentage of their base salary to the Firefighters' Pension Plan. At December 31, 2021,
the contribution percentage was 9.455%. If a participant leaves covered with less than 20 years of service, accumulated
participant contributions may be refunded without accumulated interest. The City is required to contribute the remaining
amounts necessary to finance the plan as actuarially determined by an enrolled actuary. Effective January 1, 2011, the
City's contributions must accumulate to the point where the past service cost for the Firefighters' Pension Plan is 90%
funded by the year 2040. For the year ended December 31, 2021, the City's contribution was 87.82% of covered payroll.
Long-Term Expected
Target Allocation Real Rate of Return
Covered employees are required to contribute 9.91% of their base salary to the Police Pension Plan. If an employee
leaves covered employment with less than 20 years of service, accumulated employee contributions may be refunded
without accumulated interest. The City is required to contribute the remaining amounts necessary to finance the plans as
actuarially determined by an enrolled actuary. Effective January 1, 2011, the City's contributions must accumulate to the
point where the past service cost for the Police Pension Plan is 90% funded by the year 2040. For the year ended
December 31, 2021, the City's contribution was 74.82% of covered payroll.
Permitted Deposits and Investments - Statutes and the Police Pension Fund’s (the Fund) investment policy authorize the
Fund to make deposits/invest in insured commercial banks, savings and loan institutions, obligations of the U.S.
Treasury and U.S. agencies, insured credit union shares, money market mutual funds with portfolios of securities issued
or guaranteed by the United States Government or agreements to repurchase these same obligations, repurchase
agreements, short-term commercial paper rated within the three highest classifications by at least two standard rating
services, The Illinois Funds, IMET, certain non-U.S. obligations, Illinois municipal corporations tax anticipation
warrants, veteran’s loans, obligations of the State of Illinois and its political subdivisions, and Illinois insurance
company general and separate accounts, mutual funds and equity securities (not to exceed 65% of the total net position
of the Fund), contracts and agreements of life insurance companies (no more than 10% of portfolio in real estate and no
more than 10% of portfolio in bonds with ratings of less than Baa1), and corporate bonds. During the year, no changes
to the investment policy were approved by the Board of Trustees.
- 65 -

-- 96 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Investment Policy - Continued
Police Pension Fund - Continued
Firefighters' Pension Fund
Firefighters' Pension Asset Class Target Allocation
U.S. Large Cap 41.15% 6.95%
U.S. Mid Cap 9.15% 7.45%
U.S. Small Cap 5.10% 7.35%
Emerging & Frontier Market Equities 6.75% 6.05%
Fixed Income and Preferred 30.40% 1.75%
Alternatives 7.45% 4.45%
Total 100.00%
Investment Valuations
The long-term expected rate of return on the Fund's investments was determined using a building-block method in
which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment
expenses, and inflation) are developed for each major asset class. These ranges are combined to produce the long-term
expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and
by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the
Fund's target asset allocation as of December 31, 2021 are listed in the table above.
Long-Term Expected
Real Rate of Return
The long-term expected rate of return on the Fund's investments was determined using a building-block method in
which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment
expenses, and inflation) are developed for each major asset class. These ranges are combined to produce the long-term
expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and
by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the
Fund's target asset allocation as of December 31, 2021 are listed in the table above.
All investments in the Police and Firefighters' Pension Plans are stated at fair value and are recorded as of the trade date.
Fair value is based on quoted market prices at December 31 for debt securities, equity securities and mutual funds, and
contract values for any insurance contracts. Investment income is recognized as earned. Gains and losses on sales and
exchanges of fixed income securities are recognized on the transaction date.
The Firefighters' Pension Fund (the Fund) allows funds to be invested in any type of security authorized by the Illinois
Pension Code. During the year, no changes to the investment policy were approved by the Board of Trustees. The
Fund's investment policy, in accordance with Illinois Statutes, establishes the following target allocation across asset
classes:
- 66 -

-- 97 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Investment Rate of Return
Deposits with Financial Institutions
Interest Rate Risk
Fair Value Less Than 1 Year 1 - 5 Years 6 - 10 Years Greater than 10 Years
Corporate bonds 16,590,230	$ 1,187,813	$ 4,563,610	$ 7,189,861	$ 3,648,946	$
U.S. Treasuries 21,708,743 7,473,586 3,730,137 4,424,436 6,080,584
Federal Home Loan Mortgage Corp 696,685 82 15,163 334 681,106
Fannie Mae 6,316,688 - 268,271 97,906 5,950,511
Ginnie Mae 58,752 - 4,965 7,179 46,608
Other U.S. Government Agencies 15,500 - - 15,500 -
Total Police Investments $ 45,386,598 $ 8,661,481 $ 8,582,146 $ 11,735,216 $ 16,407,755
Fair Value Less Than 1 Year 1 - 5 Years 6 - 10 Years Greater than 10 Years
Corporate bonds 9,496,498	$ 1,183,993	$ 5,659,297	$ 2,653,208	$ -	$
U.S. Treasuries 8,280,988 2,142,291 2,092,074 4,046,623 -
Federal Home Loan Bank 619,167 - 358,609 260,558 -
Federal Home Loan Mortgage Corp 3,047,369 230,016 2,039,904 188,222 589,227
Fannie Mae 731,574 126,155 599,794 - 5,625
Total Firefighters' Investments $ 22,175,596 $ 3,682,455 $ 10,749,678 $ 7,148,611 $ 594,852
For the year ended December 31, 2021, the Firefighters' Pension Plan annual money weighted rate of return on pension
plan investment, net of pension plan investment expense, was 13.91%. The money-weighted rate of return expresses
investment performance, net of investment expense, adjusted for the changing amounts actually invested.
Custodial credit risk for deposits with financial institutions is the risk that in the event of a bank’s failure, the Funds'
deposits may not be returned to them. The Funds' investment policies do not require pledging of collateral for all bank
balances in excess of federal depository insurance, since flow-through FDIC insurance is available for the Funds'
deposits with financial institutions.
Investment Maturities (In Years)
Firefighters' Pension Investment Maturities (In Years)
Investment Type
For the year ended December 31, 2021, the Police Pension Plan annual money-weighted rate of return on pension plan
investment, net of pension plan investment expense, was 16.65%. The money-weighted rate of return expresses
investment performance, net of investment expense, adjusted for the changing amounts actually invested.
The following table presents the investments and maturities of the Police Pension Fund's debt securities as of December
31, 2021:
The following table presents the investments and maturities of the Firefighters' Pension Fund's debt securities as of
December 31, 2021:
Police Pension
Investment Type
- 67 -

-- 98 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Interest Rate Risk - Continued
Credit Risk
Custodial Credit Risk - Investments
The Police and Firefighters' Pension Funds categorize the fair value measurements within the fair value hierarchy
established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure
the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are
significant other observable inputs; and Level 3 inputs are significant unobservable inputs.
The City's Police Pension Fund has the following recurring fair value measurements as of December 31, 2021. The U.S.
Treasury Obligations, Domestic and International Equity securities, and mutual funds are valued using quoted market
prices (Level 1 inputs). Corporate bonds and U.S. agency obligations, and real estate pools are valued using matrix
pricing models (Level 2 inputs).
In accordance with its investment policies, the Funds limit exposure to interest rate risk by structuring the portfolio to
provide liquidity for operating funds not needed within a one-year period. The investment policies do not limit the
maximum maturity length of investments in the Funds.
Custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to the investment, the
Funds' will not be able to recover the value of their investments that are in possession of an outside party. To limit its
exposure, the Funds' investment policies require all security transactions that are exposed to custodial credit risk to be
processed on a delivery versus payment (DVP) basis with the underlying investments held by a third party acting as the
Funds' agent separate from where the investment was purchased in the Funds' name. The Illinois Funds and IMET are
not subject to custodial credit risk.
The Funds' limits its exposure to credit risk, the risk that the issuer of a debt security will not pay its par value upon
maturity, by investing in obligations guaranteed by the United States Government or securities issued by agencies of the
United States Government that are explicitly or implicitly guaranteed by the United States Government bonds and
investment grade bonds. The U.S. Treasury and agency obligations are rated by Moody’s Aaa and the corporate bonds
are rated between Baa3 and Aaa. The Illinois Funds is rated Aaa by Standard and Poor’s.
The City's Firefighters' Pension Fund has the following recurring fair value measurements as of December 31, 2021. The
U.S. Treasury Obligations, equity index funds, and mutual funds are valued using quoted market prices (Level 1 inputs).
Corporate bonds and U.S. agency obligations are valued using matrix pricing models (Level 2 inputs).
Concentration of Credit Risk - Illinois Compiled Statutes (ILCS) limits the Funds' investments in equities, mutual funds,
and variable annuities to 65%. Securities in any one company should not exceed 5% of the total fund. The blended asset
class is comprised of all other asset classes to allow for rebalancing the portfolio.
The Police Pension Trust Fund had no significant investments (other than U.S. Treasuries) in any one organization that
represented 5% or more of the fund's fiduciary net position.
The Firefighters' Pension Trust Fund had no significant investments (other than U.S. Treasuries) in any one organization
that represented 5% or more of the fund's fiduciary net position.
- 68 -

-- 99 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Actuarial Assumptions
Actuarial valuation date
Actuarial cost method
Asset valuation method
Actuarial assumptions:
Projected salary increases graded by age
Inflation
Interest rate
Cost-of-living adjustments
Discount Rate
The total pension liability above was determined by an actuarial valuation performed using the following actuarial
methods and assumptions.
Mortality rates were based on PubS.H-2010 Employee mortality, projected five years past the valuation date with Scale
MP-2019.
The discount rate used to measure the total police pension liability was 6.50%. The projection of cash flows used to
determine the discount rate assumed that member contributions will be made at the current contribution rate and that the
City contribution will be made at rates equal to the difference between actuarially determined contribution rates and the
member rate. Based on those assumptions, the Police Pension Plan's fiduciary net position was projected to be available
to make all projected future benefit payments of current plan members. Effective January 1, 2011, the City has until the
year 2040 to fund 90% of the past service cost for the Police Pension Plan. However, the City has elected to fund 90%
of the past service cost on the level dollar method by 2040.
The discount rate used to measure the total firefighters' pension liability was 6.50%. The projection of cash flows used
to determine the discount rate assumed that member contributions will be made at the current contribution rate and that
the City contribution will be made at rates equal to the difference between actuarially determined contribution rates and
the member rate. Based on those assumptions, the Firefighters' Pension Plan's fiduciary net position was projected to be
available to make all projected future benefit payments of current plan members. Effective January 1, 2011, the City has
until the year 2040 to fund 90% of the past service cost for the Police Pension Plan. However, the City has elected to
fund 90% of the past service cost on the level dollar method by 2040.
2.50% 2.50%
December 31, 2021 December 31, 2021
Entry-age normal Entry-age normal
From 7.36% to 3.62% From 7.36% to 3.62%
Market value Market value
Police Pension Firefighters' Pension
6.50% 6.50%
From 3.00% to 1.25% From 3.00% to 1.25%
- 69 -

-- 100 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Discount Rate (Continued)
Current Discount
1% Decrease Rate 1% Increase
Police Pension Fund:
Discount rate 5.50% 6.50% 7.50%
Net pension liability $ 122,198,879 $ 85,774,906 $ 55,849,511
Firefighters’ Pension Fund:
Discount rate 5.50% 6.50% 7.50%
Net pension liability $ 110,003,124 $ 83,846,627 $ 62,307,887
Total Net Pension Liability $ 232,202,003 $ 169,621,533 $ 118,157,398
Changes in the Net Pension Liability
Police Pension Fund
(a) (b) (a) - (b)
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability
Balances at January 1, 2021 259,757,553	$ 158,136,437	$ 101,621,116	$
Changes for the period
Service cost 3,842,941 - 3,842,941
Interest 16,648,988 - 16,648,988
Difference between expected and
actual experience 3,025,037 - 3,025,037
Employer contributions - 11,501,791 (11,501,791)
Employee contributions - 1,523,341 (1,523,341)
Net investment income - 26,382,486 (26,382,486)
Benefit payments and refunds (14,924,443) (14,924,443) -
Administrative expense - (44,442) 44,442
Net changes 8,592,523 24,438,733 (15,846,210)
Balances at December 31, 2021 268,350,076	$ 182,575,170	$ 85,774,906	$
- 70 -

-- 101 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Changes in the Net Pension Liability - Continued
Firefighters' Pension Fund
(a) (b) (a) - (b)
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability
Balances at January 1, 2021 191,824,023	$ 101,034,113	$ 90,789,910	$
Changes for the period
Service cost 2,739,481 - 2,739,481
Interest 12,303,886 - 12,303,886
Difference between expected and
actual experience 2,117,644 - 2,117,644
Employer contributions - 9,670,974 (9,670,974)
Employee contributions - 1,041,229 (1,041,229)
Net investment income - 13,515,733 (13,515,733)
Benefit payments and refunds (10,545,893) (10,545,893) -
Administrative expense - (123,642) 123,642
Net changes 6,615,118 13,558,401 (6,943,283)
Balances at December 31, 2021 198,439,141	$ 114,592,514	$ 83,846,627	$
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Police Pension Fund
Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 6,911,945	$ -	$
Changes in assumption 3,246,420 2,486,476
Net difference between projected and actual earnings
on pension plan investments - 22,433,844
Total 10,158,365	$ 24,920,320	$
For the year ended December 31, 2021, the City recognized police pension expense of $5,486,716. At December 31,
2021, the City reported deferred outflows of resources and deferred inflows of resources related to the Fund from the
following sources:
- 71 -

-- 102 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources - Continued
Police Pension Fund - Continued
Year Ending
December 31,
2022 (2,948,395)	$
2023 (6,704,653)
2024 (2,480,556)
2025 (2,628,351)
2026 -
Thereafter -
Total (14,761,955)	$
Firefighters' Pension Fund
Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 4,645,461	$ -	$
Changes in assumption 3,140,298 2,064,120
Net difference between projected and actual earnings
on pension plan investments - 11,052,850
Total 7,785,759	$ 13,116,970	$
Amounts reported as deferred outflows of resources and deferred inflows of resources related to the Police Pension Plan
For the year ended December 31, 2021, the City recognized firefighters' pension expense of $6,893,714. At
December 31, 2021, the City reported deferred outflows of resources and deferred inflows of resources related to the
Fund from the following sources:
- 72 -

-- 103 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 13. EMPLOYEE RETIREMENT SYSTEMS - Continued
A. Plan Descriptions - Continued
Police and Firefighters' Pension Plans - Continued
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources - Continued
Firefighters' Pension Fund - Continued
Year Ending
December 31,
2022 (778,386)	$
2023 (3,390,624)
2024 (499,097)
2025 (1,016,045)
2026 352,941
Thereafter -
Total (5,331,211)	$
Amounts reported as deferred outflows of resources and deferred inflows of resources related to the Firefighters'
- 73 -

-- 104 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 14. PENSION TRUST FUNDS
Fiduciary Funds Summary Financial Information
The following is summary financial information for the Police Pension Plan and the Firefighters' Pension Plan:
A. Schedule of Net Position
Firefighters' Police
Pension Pension Total
Assets
Cash and cash equivalents 10,781,130	$ 8,864,707	$ 19,645,837	$
Investments at fair value
U.S. Treasury obligations 8,280,988 21,708,743 29,989,731
U.S. agency obligations 4,398,110 7,087,625 11,485,735
Corporate bonds 9,496,498 16,590,230 26,086,728
Common stock - 52,796,392 52,796,392
Equity mutual funds 81,535,426 73,897,576 155,433,002
Real estate - 1,308,489 1,308,489
Receivables
Accrued interest 106,447 268,538 374,985
Prepaids 9,081 - 9,081
Due from City 39,403 52,870 92,273
Total Assets 114,647,083 182,575,170 297,222,253
Liabilities
Accounts payable 54,569 - 54,569
Total Liabilities 54,569 - 54,569
Net Position Held in Trust
For Pension Benefits 114,592,514	$ 182,575,170	$ 297,167,684	$
- 74 -

-- 105 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 14. PENSION TRUST FUNDS - Continued
Fiduciary Funds Summary Financial Information - Continued
B. Changes in Plan Net Position
Firefighters' Police
Pension Pension Total
Additions
Contributions
Employer 9,670,974	$ 11,501,791	$ 21,172,765	$
Plan members 1,041,229 1,523,341 2,564,570
Total Contributions 10,712,203 13,025,132 23,737,335
Investment Income
Net appreciation (depreciation)
in fair value of investments 10,287,653 23,139,053 33,426,706
Interest on investments 3,441,785 3,591,523 7,033,308
Less investment expenses (213,705) (348,090) (561,795)
Total Investment Income 13,515,733 26,382,486 39,898,219
Total Additions 24,227,936 39,407,618 63,635,554
Deductions
Administrative 123,642 44,442 168,084
Benefits payments 10,545,893 14,924,443 25,470,336
Total Deductions 10,669,535 14,968,885 25,638,420
Net Increase (Decrease) 13,558,401 24,438,733 37,997,134
Net Position Held in Trust
For Pension Benefits
January 1 101,034,113 158,136,437 259,170,550
December 31 114,592,514	$ 182,575,170	$ 297,167,684	$
- 75 -

-- 106 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 15. EVANSTON LIBRARY COMPONENT UNIT
A. Types of Accounts and Securities
Custodial Credit Risk. For a deposit, custodial credit risk is the risk that, in the event of the failure of the
counterparty, the Library will not be able to recover the value of its deposit or collateral securities that are in the
possession of an outside party. At December 31, 2021, all of the Library's deposits were insured or collateralized by
an agent of the Library in the Library's name.
Illinois Statutes authorize the Library to invest in obligations of the U.S. Treasury, in Government Sponsored
Enterprises (GSE) such as Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Bank
(FHLB), and Fannie Mae (FNMA); bankers acceptances as well as commercial paper rated only in the highest tier;
repurchase agreements of the highest grade; collateralized certificates of deposit issued by FDIC insured financial
institutions, money market mutual funds with portfolios limited to securities guaranteed by the United States
Government, IMET, and The Illinois Funds.
Library investments consists of equities, ETFs, money market funds, mutual funds, corporate bonds, and U.S.
Treasuries. Investments are reported at fair value, except that non-negotiable certificate of deposits are stated at cost.
The Library has a formal investment policy adopted by its governing board to handle endowment funds. The funds
will be invested and administered by a three-member committee. It is the general policy of the Library to invest its
funds in a manner which will provide the highest investment return with the maximum security while meeting the
daily cash flow demands of the Library and conforming to all state and local statutes governing the investment of
public funds using "prudent person" standard for managing the overall portfolio. It may be noted though that the
Library has investments in equities which is not permissible under the state statutes.
Interest Rate Risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The
exposure to interest rate risk can be limited by structuring the portfolio to provide liquidity for cash requirements for
ongoing operations in shorter term securities.
Custodial Credit Risk. For an investment, custodial credit risk is the risk that, in the event of the failure of the
counterparty, the Library will not be able to recover the value of its investment or collateral securities that are in the
possession of an outside party. The Illinois Funds are not subject to custodial credit risk.
Concentration of Credit Risk is the risk that the Library has a high percentage of its investments invested in one type
of investments. Currently, the Library has diversified its investments in various types of investments. The Library
investment policy provides the high/low limits for various type of investments like equity, fixed income securities,
and cash.
Credit Risk is the risk that the issuer of the debt security will not pay its par value upon maturity. The Library's
investment policy has several guidelines to minimize the potential losses on individual investment by diversifying
the investment portfolio, not permitting the investment in certain high risk securities. State law limits investments in
commercial paper, corporate bonds, and mutual bonds funds to the top two ratings issued by nationally recognized
statistical rating organizations.
The Illinois Funds, created by the Illinois State Legislature under the control of the State Comptroller, operates as
qualified external investment pools in accordance with the criteria established in GASB Statement No. 79, Certain
External Investment Pools and Pool Participants, and thus, reports all investments at amortized cost rather than fair
value. The investment in The Illinois Funds by participants is also reported at amortized cost. The Illinois Funds
does not have any limitations or restrictions on participant withdrawals. The Illinois Funds Treasurer's Office issues
a separate financial report for The Illinois Funds which may be obtained by contacting the Administrative Office at
Illinois Business Center, 400 West Monroe Street, Suite 401, Springfield, Illinois 62704.
IMET is a not-for-profit investment trust formed pursuant to the Illinois Municipal code and managed by a Board of
Trustees elected from the participating members. IMET is not registered with the SEC as an investment company.
Investments in IMET are valued at IMET's share price, the price for which the investment could be sold.
- 76 -

-- 107 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 15. EVANSTON LIBRARY COMPONENT UNIT - Continued
B. Reconciliation of Cash and Investments
Cash and Equivalents 2,378,646	$
Investments 7,352,822
Total per Statement of Position $ 9,731,468
Cash in bank 2,378,646	$
Vanguard Money Market 306,452
Vanguard Equity Mutual Funds 7,046,370
Total Cash and Investments $ 9,731,468
C. Summary of Receivables
Receivables:
Property taxes 7,758,625	$
D. Capital Assets Activity
Beginning Additions Deletions Ending
Capital Assets, not being Depreciated:
Land 311,380	$ -	$ -	$ 311,380	$
Capital Assets, being Depreciated/Amortized:
Buildings and improvements 20,398,936 352,300 - 20,751,236
Office equipment and furniture 2,285,009 - - 2,285,009
Infrastructure 230,006 - - 230,006
Library collections 8,969,223 - 520,788 8,448,435
Capitalized leases 266,190 - - 266,190
Total capital assets being depreciated/amortized 32,149,364 352,300 520,788 31,980,876
Less Accumulated Depreciation/Amortization for:
Buildings and improvements 9,918,323 516,512 - 10,434,835
Office equipment and furniture 2,285,009 - - 2,285,009
Infrastructure 169,746 14,757 - 184,503
Library collections 8,568,006 92,306 260,394 8,399,918
Capitalized leases 266,190 - - 266,190
Total Accumulated Depreciation/Amortization 21,207,274 623,575 260,394 21,570,455
Total Capital Assets being Depreciated/Amortized, Net 10,942,090 (271,275) 260,394 10,410,421
Library Activities Capital Assets, Net 11,253,470	$ (271,275)	$ 260,394	$ 10,721,801	$
- 77 -

-- 108 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2021
NOTE 15. EVANSTON LIBRARY COMPONENT UNIT - Continued
E. Long-Term Debt
Final
Interest Maturity Balance Balance Due Within
Rate Date 1/1/2021 Issued Payments 12/31/2021 One Year
General Obligations Debt
Series 2013B 2.00%-3.00% 12/1/2025 138,118	$ -	$ 26,107	$ 112,011	$ 26,883	$
Series 2016A 2.00%-4.00% 12/1/2036 555,000 - 25,000 530,000 30,000
Series 2017A 3.00%-4.00% 12/1/2037 1,240,000 - 55,000 1,185,000 55,000
Series 2017B 4.00%-5.00% 12/1/2027 514,228 - 68,107 446,121 69,719
Series 2018B 2.29%-5.00% 12/1/2038 2,031,842 - - 2,031,842 22,105
Series 2019B 1.66%-2.68% 12/1/2039 1,779,742 - 58,129 1,721,613 60,999
6,258,930 232,343 6,026,587 264,706
Bond premiums 535,001 - 32,990 502,011 -
Total OPEB liability 379,444 33,290 - 412,734 14,199
Compensated absences payable - Library 437,821 67,184 87,564 417,441 83,488
Total Long-Term Debt 7,611,196	$ 100,474	$ 352,897	$ 7,358,773	$ 362,393	$
The Library had an IMRF net pension asset of $3,022,763 at December 31, 2021.
The following schedule illustrates the annual debt service requirements to maturity for Library General Obligation Bonds.
Year Ending
December 31, Principal Interest
2022 264,706	$ 241,919	$
2023 275,730 232,183
2024 353,392 221,284
2025 370,083 206,866
2026 356,396 191,425
2027-2031 1,657,761 737,733
2032-2036 1,917,813 393,651
2037-2041 830,706 61,487
Total 6,026,587	$ 2,286,548	$
- 78 -

-- 109 of 202 --

REQUIRED SUPPLEMENTARY INFORMATION

-- 110 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Total OPEB Liability and Related Ratios
Other Postemployment Benefit Plan
Last Four Fiscal Years
MEASUREMENT DATE DECEMBER 31, 2018 2019 2020 2021
TOTAL OPEB LIABILITY
Service cost 1,050,028	$ 974,443	$ 1,249,550	$ 1,544,418	$
Interest 630,168 733,796 593,787 442,412
Benefit changes - - (53,511) -
Differences between expected and actual experience - - (2,856,275) -
Changes in assumptions (1,272,525) 2,879,775 2,471,462 370,681
Implicit benefit payments (797,159) (860,932) (925,502) (827,885)
Other changes - - - -
Net change in total OPEB liability (389,488) 3,727,082 479,511 1,529,626
Total OPEB liability - beginning 18,717,414 18,327,926 22,055,008 22,534,519
TOTAL OPEB LIABILITY - ENDING 18,327,926	$ 22,055,008	$ 22,534,519	$ 24,064,145	$
Covered-employee payroll 59,333,084	$ 60,964,744	$ 59,251,377	$ 61,325,175	$
Employer's total OPEB liability
as a percentage of covered-employee payroll 30.89% 36.18% 38.03% 39.24%
No assets accumulate in a trust that meets the criteria in paragraph 4 in GASB Statement No. 75.
There was a change in assumptions related to the discount rate in 2021.
There was a change in assumptions related to the discount rate in 2019.
There was a change in assumptions related to the discount rate and mortality rate assumptions in 2018.
The information above is presented for the City and Library in total.
Ultimately, this schedule should present information for the last ten years. However, until ten years of information can be compiled,
information will be presented for as many years as is available.
There was a change in assumptions related to the mortality rates assumption and discount rate in 2020. There was a change in
benefit terms related to the elimination of the excise tax in 2020.
(See independent auditor's report.)
- 79 -

-- 111 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Illinois Municipal Retirement Fund
Last Seven Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2015 2016 2017 2018 2019 2020 2021
Actuarially determined contribution 3,977,718	$ 3,882,629	$ 3,695,564	$ 3,634,209	$ 2,379,845	$ 3,235,547	$ 3,240,141	$
Contributions in relation to the actuarially
determined contribution 4,018,268 3,963,856 3,702,271 3,634,209 2,379,845 3,235,547 3,240,141
Contribution Deficiency (Excess) (40,550)	$ (81,227)	$ (6,707)	$ -	$ -	$ -	$ -	$
Percentage contributed 101.0% 102.1% 100.2% 100.0% 100.0% 100.0% 100.0%
Covered payroll 37,703,487	$ 37,477,116	$ 37,480,368	$ 38,519,776	$ 38,103,750	$ 37,019,990	$ 40,236,023	$
Contributions as a percentage of
covered payroll 10.7% 10.6% 9.9% 9.4% 6.2% 8.7% 8.1%
Notes to the Required Supplemental Information
Ultimately, this schedule should present information for the last ten years. However, until ten years of information can be compiled, information will be presented for as
many years as is available.
The information presented was determined as part of the actuarial valuations as of January 1 of the prior fiscal year. Additional information as of the latest actuarial
valuation presented is as follows: the actuarial cost method was entry-age normal; the amortization method was level percent of pay, closed and the amortization period
was 23 years; the asset valuation method was five-year smoothed market; and the significant actuarial assumptions were an investment rate of return at 7.25% annually,
projected salary increases assumption of 3.25% to 14.25% annually, and postretirement benefit increases of 3.00% compounded annually.
(See independent auditor's report.)
- 80 -

-- 112 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Police Pension Fund
Last Eight Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2014 2015 2016 2017 2018 2019 2020 2021
Actuarially determined contribution 8,358,924	$ 8,257,475	$ 9,380,940	$ 10,237,200	$ 10,462,704	$ 10,502,308	$ 11,225,650	$ 11,431,461	$
Contributions in relation to the actuarially
determined contribution 8,644,196 8,804,264 9,450,824 10,300,549 10,462,704 10,502,308 11,225,650 11,501,791
Contribution Deficiency (Excess) (285,272)	$ (546,789)	$ (69,884)	$ (63,349)	$ -	$ -	$ -	$ (70,330)	$
Percentage contributed 103.4% 106.6% 100.7% 100.6% 100.0% 100.0% 100.0% 100.6%
Covered payroll 13,537,726	$ 14,921,328	$ 17,474,672	$ 15,352,846	$ 15,845,701	$ 15,980,131	$ 15,368,002	$ 15,371,756	$
Contributions as a percentage of
covered payroll 63.9% 59.0% 54.1% 67.1% 66.0% 65.7% 73.0% 74.8%
Notes to the Required Supplemental Information
The information presented was determined as part of the actuarial valuations as of January 1 of the prior fiscal year. Additional information as of the latest actuarial valuation presented
is as follows: the actuarial cost method was entry-age normal; the amortization method was level percent of pay, closed and the amortization period was 20 years; the asset valuation
method was market and the significant actuarial assumptions were an investment rate of return at 6.50% annually, projected salary increases assumption of 3.62% to 7.36% annually,
and postretirement benefit increases of 3.00% compounded annually.
Ultimately, this schedule should present information for the last ten years. However, until ten years of information can be compiled, information will be presented for as many years as
is available.
(See independent auditor's report.)
- 81 -

-- 113 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Employer Contributions
Firefighters' Pension Fund
Last Eight Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2014 2015 2016 2017 2018 2019 2020 2021
Actuarially determined contribution 6,239,481	$ 5,903,483	$ 7,350,865	$ 8,148,709	$ 8,344,947	$ 8,266,584	$ 9,247,042	$ 9,626,778	$
Contributions in relation to the actuarially
determined contribution 6,527,697 6,385,244 7,396,641 8,205,800 8,344,947 8,266,584 9,257,516 9,670,974
Contribution Deficiency (Excess) (288,216)	$ (481,761)	$ (45,776)	$ (57,091)	$ -	$ -	$ (10,474)	$ (44,196)	$
Percentage contributed 104.6% 108.2% 100.6% 100.7% 100.0% 100.0% 100.1% 100.5%
Covered payroll 9,520,925	$ 10,396,357	$ 10,546,779	$ 10,311,920	$ 11,618,255	$ 10,341,544	$ 10,428,768	$ 11,012,470	$
Contributions as a percentage of
covered payroll 68.6% 61.4% 70.1% 79.6% 71.8% 79.9% 88.8% 87.8%
Notes to the Required Supplemental Information
Ultimately, this schedule should present information for the last ten years. However, until ten years of information can be compiled, information will be presented for as many years as is
available.
The information presented was determined as part of the actuarial valuations as of January 1 of the prior fiscal year. Additional information as of the latest actuarial valuation presented
is as follows: the actuarial cost method was entry-age normal; the amortization method was level percent of pay, closed and the amortization period was 20 years; the asset valuation
method was market; and the significant actuarial assumptions were an investment rate of return at 6.50% annually, projected salary increases assumption of 3.62% to 7.36% annually,
and postretirement benefit increases of 3.00% compounded annually.
(See independent auditor's report.)
- 82 -

-- 114 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
Illinois Municipal Retirement Fund
Last Seven Fiscal Years
MEASUREMENT DATE DECEMBER 31, 2014 2015 2016
Total Pension Liability
Service cost 3,898,440	$ 3,910,996	$ 3,951,687	$
Interest 14,880,724 16,235,086 16,947,408
Changes in benefit terms - - -
Differences between expected and actual experience 3,043,895 1,465,442 (2,905,680)
Changes of assumptions 7,927,038 266,906 (269,039)
Benefit payments, including refunds of member contributions (11,468,097) (11,928,345) (12,270,564)
Net Change in Total Pension Liability 18,282,000 9,950,085 5,453,812
Total Pension Liability - Beginning 202,194,485 220,476,485 230,426,570
Total Pension Liability - Ending 220,476,485	$ 230,426,570	$ 235,880,382	$
Plan Fiduciary Net Position
Contributions - employer 3,963,983	$ 4,018,268	$ 3,963,856	$
Contributions - member 1,710,168 1,767,523 1,705,636
Net investment income 12,425,190 1,062,353 14,441,739
Benefit payments, including refunds of member contributions (11,468,097) (11,928,345) (12,270,564)
Administrative expense 2,322,043 737,427 (142,981)
Net Change in Plan Fiduciary Net Position 8,953,287 (4,342,774) 7,697,686
Plan Fiduciary Net Position - Beginning 206,588,617 215,541,904 211,199,130
Plan Fiduciary Net Position - Ending 215,541,904	$ 211,199,130	$ 218,896,816	$
Employer's Net Pension Liability (Asset) 4,934,581	$ 19,227,440	$ 16,983,566	$
Plan fiduciary net position as a percentage of the total pension liability (asset) 97.76% 91.66% 92.80%
Covered payroll 35,171,426	$ 37,703,487	$ 37,477,116	$
Employer's net pension liability as a percentage of covered payroll 14.03% 51.00% 45.32%
There were changes in assumptions related to the discount rate in 2018.
Ultimately, this schedule should present information for the last ten years. However, until ten years of information can be compiled, information
should be presented for as many years as is available.
There were changes in assumptions related to price inflation, salary increases, retirement age and mortality rates in 2017. There was a change in
assumption related to the discount rate made since the prior measurement date. The discount rate used in the actuarial valuation dated December 31,
2016, is 7.50%. The discount rate used in the prior actuarial valuations, dated December 31, 2015 and December 31, 2014 was 7.49% and 7.50%,
respectively.
- 83 -

-- 115 of 202 --

2017 2018 2019 2020
3,970,214	$ 3,671,434	$ 3,926,313	$ 3,850,771	$
17,355,320 17,185,510 17,812,836 18,314,051
- - - -
(2,489,328) 2,992,302 (166,989) (2,056,346)
(7,652,648) 6,567,349 - (1,993,968)
(12,922,439) (13,674,160) (14,305,617) (14,936,529)
(1,738,881) 16,742,435 7,266,543 3,177,979
235,880,382 234,141,501 250,883,936 258,150,479
234,141,501	$ 250,883,936	$ 258,150,479	$ 261,328,458	$
3,702,271	$ 3,634,209	$ 2,379,845	$ 3,235,547	$
1,693,912 1,847,906 1,845,576 1,684,700
39,438,193 (14,090,715) 43,379,549 37,552,547
(12,922,439) (13,674,160) (14,305,617) (14,936,529)
(4,817,948) 3,915,577 647,604 1,390,447
27,093,989 (18,367,183) 33,946,957 28,926,712
218,896,816 245,990,805 227,623,622 261,570,579
245,990,805	$ 227,623,622	$ 261,570,579	$ 290,497,291	$
(11,849,304)	$ 23,260,314	$ (3,420,100)	$ (29,168,833)	$
105.06% 90.73% 101.32% 111.16%
37,480,368	$ 38,519,776	$ 38,103,750	$ 37,019,990	$
-31.61% 60.39% -8.98% -78.79%
(See independent auditor's report.)
- 84 -

-- 116 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
Police Pension Fund
Last Eight Fiscal Years
MEASUREMENT DATE DECEMBER 31, 2014 2015 2016 2017
Total Pension Liability
Service cost 3,439,223	$ 3,488,385	$ 3,679,212	$ 3,993,751	$
Interest 12,284,036 12,663,010 13,192,680 14,088,889
Changes in benefit terms - - - -
Differences between expected and actual experience - 3,928,479 (3,214,201) 424,390
Changes of assumptions - 5,791,392 11,039,027 7,096,300
Benefit payments, including refunds of member contributions (9,891,045) (10,424,955) (10,970,916) (11,475,943)
Net Change in Total Pension Liability 5,832,214 15,446,311 13,725,802 14,127,387
Total Pension Liability - Beginning 183,492,025 189,324,239 204,770,550 218,496,352
Total Pension Liability - Ending 189,324,239	$ 204,770,550	$ 218,496,352	$ 232,623,739	$
Plan Fiduciary Net Position
Contributions - employer 8,644,196	$ 8,804,264	$ 9,450,824	$ 10,300,549	$
Contributions - member 1,565,053 1,454,720 1,731,740 1,521,467
Net investment income 8,675,133 430,756 7,544,856 15,240,680
Benefit payments, including refunds of member contributions (9,891,045) (10,424,955) (10,970,916) (11,475,943)
Administrative expense (68,938) (71,408) (123,796) (148,631)
Net Change in Plan Fiduciary Net Position 8,924,399 193,377 7,632,708 15,438,122
Plan Fiduciary Net Position - Beginning 90,763,143 99,687,542 98,558,837 106,191,545
Prior period adjustment - (1,322,082) - -
Plan Fiduciary Net Position - Beginning, restated 90,763,143 98,365,460 98,558,837 106,191,545
Plan Fiduciary Net Position - Ending 99,687,542	$ 98,558,837	$ 106,191,545	$ 121,629,667	$
Employer's Net Pension Liability 89,636,697	$ 106,211,713	$ 112,304,807	$ 110,994,072	$
Plan fiduciary net position as a percentage of the total pension liability 52.65% 48.13% 48.60% 52.29%
Covered payroll 13,537,726	$ 14,921,328	$ 17,474,672	$ 15,352,846	$
Employer's net pension liability as a percentage of covered payroll 662.13% 711.81% 642.67% 722.95%
For the measurement date December 31, 2019, there were no changes in assumptions. There were changes in plan benefits required under PA-101-
0610 (SB 1300).
For the measurement date December 31, 2018, there were changes in assumptions related to the mortality tables. Additionally, the discount rate was
increased to 6.50%.
Ultimately, this schedule should present information for the last ten years. However, until ten years of information can be compiled, information
should be presented for as many years as is available.
The discount rate used in the valuation dated December 31, 2017 is 6.25%. The discount rate used in the prior actuarial valuation, dated December 31,
2015, is 6.50%. The discount rate used in the valuation dated, dated December 31, 2014 was 6.75%.
- 85 -

-- 117 of 202 --

2018 2019 2020 2021
4,285,425	$ 3,980,758	$ 4,018,178	$ 3,842,941	$
14,433,770 15,128,398 16,138,601 16,648,988
- 853,365 - -
3,079,328 4,364,013 2,021,226 3,025,037
(7,459,427) 4,127,403 - -
(11,937,685) (12,522,660) (13,376,879) (14,924,443)
2,401,411 15,931,277 8,801,126 8,592,523
232,623,739 235,025,150 250,956,427 259,757,553
235,025,150	$ 250,956,427	$ 259,757,553	$ 268,350,076	$
10,462,704	$ 10,502,308	$ 11,225,650	$ 11,501,791	$
1,570,309 1,583,631 1,522,969 1,523,341
(4,911,053) 25,043,593 17,521,008 26,382,486
(11,937,685) (12,522,660) (13,376,879) (14,924,443)
(58,885) (52,088) (66,152) (44,442)
(4,874,610) 24,554,784 16,826,596 24,438,733
121,629,667 116,755,057 141,309,841 158,136,437
- - - -
121,629,667 116,755,057 141,309,841 158,136,437
116,755,057	$ 141,309,841	$ 158,136,437	$ 182,575,170	$
118,270,093	$ 109,646,586	$ 101,621,116	$ 85,774,906	$
49.68% 56.31% 60.88% 68.04%
15,845,701	$ 15,980,131	$ 15,368,002	$ 15,371,756	$
746.39% 686.14% 661.25% 558.00%
(See independent auditor's report.)
- 86 -

-- 118 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Changes in the Employer's
Net Pension Liability and Related Ratios
Firefighters' Pension Fund
Last Eight Fiscal Years
MEASUREMENT DATE DECEMBER 31, 2014 2015 2016 2017
Total Pension Liability
Service cost 2,326,092	$ 2,431,680	$ 2,731,257	$ 2,813,961	$
Interest 9,391,253 9,656,198 9,922,911 10,507,435
Changes in benefit terms - - - -
Differences between expected and actual experience - 1,184,609 (3,239,221) 368,761
Changes of assumptions - 4,239,272 7,971,672 5,192,584
Benefit payments, including refunds of member contributions (7,727,683) (8,067,965) (8,343,940) (8,609,369)
Net Change in Total Pension Liability 3,989,662 9,443,794 9,042,679 10,273,372
Total Pension Liability - Beginning 140,667,430 144,657,092 154,100,886 163,143,565
Total Pension Liability - Ending 144,657,092	$ 154,100,886	$ 163,143,565	$ 173,416,937	$
Plan Fiduciary Net Position
Contributions - employer 6,527,697	$ 6,385,244	$ 7,396,641	$ 8,205,800	$
Contributions - member 919,874 956,092 997,198 974,992
Net investment income 3,549,131 228,236 3,894,765 7,974,296
Benefit payments, including refunds of member contributions (7,727,683) (8,067,965) (8,343,940) (8,609,369)
Administrative expense (52,248) (44,597) (85,750) (72,640)
Net Change in Plan Fiduciary Net Position 3,216,771 (542,990) 3,858,914 8,473,079
Plan Fiduciary Net Position - Beginning 65,024,941 68,241,712 66,741,084 70,599,998
Prior period adjustment - (957,638) - -
Plan Fiduciary Net Position - Beginning, restated 65,024,941 67,284,074 66,741,084 70,599,998
Plan Fiduciary Net Position - Ending 68,241,712	$ 66,741,084	$ 70,599,998	$ 79,073,077	$
Employer's Net Pension Liability 76,415,380	$ 87,359,802	$ 92,543,567	$ 94,343,860	$
Plan fiduciary net position as a percentage of the total pension liability 47.17% 43.31% 43.27% 45.60%
Covered payroll 9,520,925	$ 10,396,357	$ 10,546,779	$ 10,311,920	$
Employer's net pension liability as a percentage of covered payroll 802.60% 840.29% 877.46% 914.90%
Ultimately, this schedule should present information for the last ten years. However, until ten years of information can be compiled, information
should be presented for as many years as is available.
For the measurement date December 31, 2018, there were changes in assumptions related to the mortality tables. Additionally, the discount rate was
increased to 6.50%.
For the measurement date December 31, 2019, there were no changes in assumptions. There were changes in plan benefits required under PA-101-
0610 (SB 1300).
The discount rate used in the valuation dated December 31, 2017 is 6.25%. The discount rate used in the prior actuarial valuation, dated December 31,
2015, is 6.50%. The discount rate used in the actuarial valuation dated December 31, 2014 was 6.75%.
- 87 -

-- 119 of 202 --

2018 2019 2020 2021
3,026,223	$ 2,763,258	$ 2,948,710	$ 2,739,481	$
10,741,734 11,061,538 12,013,035 12,303,886
- 799,936 - -
384,928 5,218,449 122,642 2,117,644
(6,192,362) 4,549,731 - -
(9,150,830) (9,624,766) (10,255,160) (10,545,893)
(1,190,307) 14,768,146 4,829,227 6,615,118
173,416,937 172,226,630 186,994,776 191,824,023
172,226,630	$ 186,994,776	$ 191,824,023	$ 198,439,141	$
8,344,947	$ 8,266,584	$ 9,257,516	$ 9,670,974	$
1,098,506 954,112 986,040 1,041,229
(3,478,827) 14,527,581 11,387,655 13,515,733
(9,150,830) (9,624,766) (10,255,160) (10,545,893)
(105,755) (97,588) (148,979) (123,642)
(3,291,959) 14,025,923 11,227,072 13,558,401
79,073,077 75,781,118 89,807,041 101,034,113
- - - -
79,073,077 75,781,118 89,807,041 101,034,113
75,781,118	$ 89,807,041	$ 101,034,113	$ 114,592,514	$
96,445,512	$ 97,187,735	$ 90,789,910	$ 83,846,627	$
44.00% 48.03% 52.67% 57.75%
11,618,255	$ 10,341,544	$ 10,428,768	$ 11,012,470	$
830.12% 939.78% 870.57% 761.38%
(See independent auditor's report.)
- 88 -

-- 120 of 202 --

CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original Final
Budget Budget Actual Variance
Revenues
Taxes 57,823,539	$ 60,933,539	$ 69,949,398	$ 9,015,859	$
Licenses and permits 10,498,550 10,498,550 11,032,555 534,005
Intergovernmental 17,671,242 17,726,242 24,444,948 6,718,706
Charges for services 9,380,675 9,382,675 10,593,430 1,210,755
Fines 4,095,500 4,095,500 3,643,890 (451,610)
Investment income 55,000 55,000 33,432 (21,568)
Miscellaneous 2,068,100 2,068,100 1,721,344 (346,756)
Total Revenues 101,592,606 104,759,606 121,418,997 16,659,391
Expenditures
General management and support 17,676,934 17,676,934 18,565,384 888,450
Public safety 65,540,860 65,540,860 65,932,688 391,828
Public works 11,642,791 11,642,791 11,865,594 222,803
Health and human services development 1,306,420 4,952,144 4,473,366 (478,778)
Recreation and cultural opportunities 11,156,775 13,119,050 11,036,243 (2,082,807)
Housing and economic development 3,073,829 3,073,829 3,283,128 209,299
Total Expenditures 110,397,609 116,005,608 115,156,403 (849,205)
Excess (Deficiency) of Revenues
Over Expenditures (8,805,003) (11,246,002) 6,262,594 17,508,596
Other Financing Sources (Uses)
Transfers in 9,430,003 9,500,003 9,183,260 (316,743)
Transfers (out) (175,000) (175,000) (449,996) (274,996)
Total Other Financing Sources (Uses) 9,255,003 9,325,003 8,733,264 (591,739)
Net Change in Fund Balance 450,000	$ (1,920,999)	$ 14,995,858 16,916,857	$
Fund Balances
Beginning of Year 18,674,964
End of Year 33,670,822	$
(See independent auditor's report.)
- 89 -

-- 121 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Investment Returns
Police Pension Fund
Last Eight Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2014 2015 2016 2017 2018 2019 2020 2021
Annual money-weighted rate of return,
net of investment expense 9.54% 1.45% 6.90% 14.25% -5.20% 21.13% 12.88% 16.65%
Ultimately, this schedule should present return information for the last ten years. However, until ten years of information can be compiled, return information
should be presented for as many years as is available.
(See independent auditor's report.)
- 90 -

-- 122 of 202 --

CITY OF EVANSTON, ILLINOIS
Schedule of Investment Returns
Firefighters' Pension Fund
Last Eight Fiscal Years
FISCAL YEAR ENDED DECEMBER 31, 2014 2015 2016 2017 2018 2019 2020 2021
Annual money-weighted rate of return,
net of investment expense 5.47% 0.36% 5.90% 11.42% -4.54% 19.62% 12.72% 13.91%
Ultimately, this schedule should present return information for the last ten years. However, until ten years of information can be compiled, return information
should be presented for as many years as is available.
(See independent auditor's report.)
- 91 -

-- 123 of 202 --

CITY OF EVANSTON, ILLINOIS
Notes to Required Supplementary Information
December 31, 2021
Budgetary Information
The City follows these procedures in establishing the budgetary data reflected in the financial statements:
1.
2. Public budget hearings are conducted. Taxpayer comments are received and noted.
3. The budget is legally enacted through passage of a resolution.
4.
5.
During the year, budget amendments were approved by the City Council.
Final
Fund Actual Budget Variance
Good Neighbor $ 965,497 $ 380,000 $ 585,497
Because of a calendar year, the City Manager will submit to the City Council a proposed operating
budget for the upcoming fiscal year commencing January 1, 2021. The operating budget includes
proposed expenditures and the means of financing them.
The City Manager is authorized to transfer budgeted amounts between departments within any fund;
however, any revisions that alter the total expenditures of any fund must be approved by the City
Council. There were budget allocations within General Fund.
Budgets are legally adopted on a basis consistent with GAAP. Annual appropriated budgets are adopted
for the General, Special Revenue, Debt Service, Capital Projects, Enterprise, and Internal Service Funds,
and Pension Trust Funds. A budget was not adopted for the Neighborhood Fund. All annual budgets
lapse at fiscal year end.
The following funds had an excess of actual budgetary expenditures over original and final budget for the fiscal year
ended December 31, 2021.
The level of control (level at which expenditures may not exceed budget) is the fund. All unencumbered annual
appropriations lapse at the end of the fiscal year.
- 92 -

-- 124 of 202 --

COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES

-- 125 of 202 --

MAJOR GOVERNMENTAL FUNDS
General Fund - to account for all financial resources of the City except those accounted for in
another fund.
General Obligation Debt Fund - to account for non-abated, general obligation payments on the
principal and interest related to bonds and/or other city debt.

-- 126 of 202 --

CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Revenues
Taxes
Property
Current year levy 28,298,539	$ 31,408,539	$ 31,946,685	$ 538,146	$
Total Property Taxes 28,298,539 31,408,539 31,946,685 538,146
Personal Property Replacement Tax 1,205,000 1,205,000 2,870,429 1,665,429
Other Taxes
State use tax 2,200,000 2,200,000 2,908,688 708,688
Sales tax - home rule 7,250,000 7,250,000 9,324,471 2,074,471
Auto rental tax 40,000 40,000 66,575 26,575
Transportation network provider tax 510,000 510,000 552,220 42,220
Athletic contest tax 500,000 500,000 656,249 156,249
Municipal hotel tax 1,200,000 1,200,000 1,043,124 (156,876)
Utility tax 6,520,000 6,520,000 6,084,133 (435,867)
Cigarette tax 250,000 250,000 162,000 (88,000)
Evanston motor fuel tax 1,000,000 1,000,000 822,567 (177,433)
Liquor tax 2,900,000 2,900,000 3,078,034 178,034
Medical cannabis tax 150,000 150,000 - (150,000)
Recreational cannabis tax - - 334,162 334,162
Parking tax 2,600,000 2,600,000 2,845,047 245,047
Amusement tax 200,000 200,000 809,791 609,791
Foreign fire tax - - 217,993 217,993
Real estate transfer tax 3,000,000 3,000,000 6,227,230 3,227,230
Total Other Taxes 28,320,000 28,320,000 35,132,284 6,812,284
Total Taxes 57,823,539 60,933,539 69,949,398 9,015,859
Licenses and Permits
Vehicle licenses 2,900,000 2,900,000 3,062,072 162,072
Business licenses 35,000 35,000 33,164 (1,836)
Bed and breakfast licenses 150 150 10 (140)
Collection box license 2,500 2,500 1,875 (625)
Pet licenses 10,000 10,000 19,137 9,137
Contractor licenses 170,000 170,000 140,425 (29,575)
Rooming house licenses 275,000 275,000 4,180 (270,820)
Liquor licenses 525,000 525,000 494,833 (30,167)
One-day liquor licenses 12,000 12,000 6,080 (5,920)
Farmer's market licenses 51,250 51,250 51,445 195
Rental building register 85,000 85,000 252,742 167,742
Other licenses 20,000 20,000 - (20,000)
Long-term care license 120,000 120,000 127,850 7,850
Seasonal foot ESTB 15,000 15,000 8,350 (6,650)
Mobile food vehicle license 1,450 1,450 - (1,450)
Hen coop license 800 800 - (800)
Resident care home license 1,200 1,200 - (1,200)
Building permits 4,225,100 4,225,100 5,512,307 1,287,207
Elevator permits 42,000 42,000 12,054 (29,946)
(This schedule is continued on the following pages.)
- 93 -

-- 127 of 202 --

CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Revenues - Continued
Licenses and Permits - Continued
Right of way permits 358,000	$ 358,000	$ 15,010	$ (342,990)	$
Residents parking permit 228,000 228,000 995 (227,005)
Visitor parking permit 13,000 13,000 148 (12,852)
Fire suppression/alarm permit 100,000 100,000 49,878 (50,122)
Oversize truck permit 20,000 20,000 28,525 8,525
Moving van permit 57,000 57,000 62,620 5,620
Plat PR and sign application fee 2,100 2,100 - (2,100)
IL Bell franchise fee - - 126,770 126,770
Alarm panel franchise fee 4,000 4,000 - (4,000)
Northwestern University easement 47,000 47,000 - (47,000)
Easements - - 4,727 4,727
Cable franchise fee 950,000 950,000 956,118 6,118
PEG fees - Comcast 145,000 145,000 51,347 (93,653)
Nicor franchise fee 75,000 75,000 9,893 (65,107)
Permit penalty fees 8,000 8,000 - (8,000)
Total Licenses and Permits 10,498,550 10,498,550 11,032,555 534,005
Intergovernmental - Revenue from Other Agencies
Retailer and service occupation tax 9,750,000 9,750,000 12,172,648 2,422,648
State income tax 6,600,000 6,600,000 10,141,121 3,541,121
State highway maintenance 72,200 72,200 100,014 27,814
Health Department Basic Service Grant 124,183 124,183 93,770 (30,413)
Illinois tobacco free community 25,000 25,000 23,116 (1,884)
IL HIV Surveillance Grant 34,150 34,150 23,233 (10,917)
Childhood Lead Poisoning Grant - - 13,500 13,500
Other State/County Grant 545,000 545,000 705,730 160,730
Fire Department training 6,000 6,000 - (6,000)
CRI Grant 43,541 43,541 32,992 (10,549)
PEHP Grant 63,701 63,701 58,654 (5,047)
Lead Paid Hazard Grant 39,600 39,600 - (39,600)
Federal Grant/Aid 246,097 301,097 435,278 134,181
Commission on Aging Grant - Advocate - - - -
Vacant Property Grant 37,500 37,500 2,750 (34,750)
Market Link Vouchers 30,000 30,000 50,910 20,910
Civil Defense Grants (F.E.M.A.) - - 44,879 44,879
Narcotics enforcement revenue 20,000 20,000 77,403 57,403
Police training 5,000 5,000 154 (4,846)
Police DUI reimbursement 15,000 15,000 3,855 (11,145)
HUD Emergency Shelter Grant - - 159,071 159,071
COVID-19 Mass Vaccination Grant - - 291,600 291,600
Other Federal Aid 14,270 14,270 14,270 -
Total Intergovernmental - Revenue from Other Agencies 17,671,242 17,726,242 24,444,948 6,718,706
Charges for Services
Recreation
Recreation - program 5,616,375 5,616,375 5,903,315 286,940
Recreation - other - - 120,944 120,944
Recreation - charges 3,000 3,000 - (3,000)
Recreation - special events 12,500 12,500 7,589 (4,911)
(This schedule is continued on the following pages.)
- 94 -

-- 128 of 202 --

CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Total Recreation Revenue 5,631,875 5,631,875 6,031,848 399,973
(This schedule is continued on the following page.)
- 95 -

-- 129 of 202 --

CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Revenues - Continued
Charges for Services (Continued)
Other Charges for Services
Health clinic fees - food establishment 230,000	$ 230,000	$ 201,656	$ (28,344)	$
Homeless health clinic - - 150 150
Infrastructure maintenance fees 485,000 485,000 527,478 42,478
Temporary license fee 11,000 11,000 1,887 (9,113)
Food delivery vehicle 6,500 6,500 4,136 (2,364)
Beverage snack vending machine 41,000 41,000 31,534 (9,466)
Tobacco license 17,000 17,000 10,350 (6,650)
Beekeeper license 300 300 225 (75)
Funeral director license 6,000 6,000 - (6,000)
Temp funeral director licenses 4,000 4,000 1,472 (2,528)
Birth/death certificates - - 4,537 4,537
Parking enforcement reimbursement 183,500 183,500 19,192 (164,308)
Property clean up 10,000 10,000 - (10,000)
Senior Taxi coupon sales 85,000 85,000 48,573 (36,427)
Fire cost recovery charge 1,000 1,000 816 (184)
Historic preservation 30,000 30,000 34,395 4,395
Tree preservation revenue 5,000 5,000 13,359 8,359
Ambulance service 2,300,000 2,300,000 3,418,485 1,118,485
Police report fees 25,000 25,000 21,709 (3,291)
Zoning fees 50,000 50,000 24,210 (25,790)
Fire building inspections 25,000 25,000 11,908 (13,092)
Fire report fee 100 100 45 (55)
Passport processing Fee 30,000 30,000 - (30,000)
Aging Well conference - 2,000 200 (1,800)
Alarm panel subscription fees 115,000 115,000 185,210 70,210
Background check daycare providers 400 400 - (400)
New pavement degradation 80,000 80,000 - (80,000)
I Heart Evanston Trees project 3,000 3,000 55 (2,945)
Plan review 5,000 5,000 - (5,000)
Total Other Service Charges 3,748,800 3,750,800 4,561,582 810,782
Total Charges for Services 9,380,675 9,382,675 10,593,430 1,210,755
Fines
Ticket fines - parking 3,200,000 3,200,000 3,075,670 (124,330)
Regular fines 115,000 115,000 260,537 145,537
Animal ordinance penalties 7,500 7,500 - (7,500)
Boot release fee 90,000 90,000 - (90,000)
Fire false alarm fines 115,000 115,000 770 (114,230)
Police CTA detail 300,000 300,000 266,021 (33,979)
Housing code violation fines 40,000 40,000 - (40,000)
Health code violation fees 3,000 3,000 - (3,000)
Administrative adjudication fee 225,000 225,000 40,892 (184,108)
Total Fines 4,095,500 4,095,500 3,643,890 (451,610)
(See independent auditor's report.)
- 96 -

-- 130 of 202 --

CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Variance with
Final Budget
Over
Original Budget Final Budget Actual (Under)
Revenues - Continued
Investment Income 55,000	$ 55,000	$ 33,432	$ (21,568)	$
Other Revenues
Police equipment reimbursement 10,000 10,000 16,253 6,253
Rethink your drink 5,000 5,000 - (5,000)
Holiday food drive 10,000 10,000 - (10,000)
We're Out Walking 6,000 6,000 25 (5,975)
Property sales and rentals 51,100 51,100 238,312 187,212
Donation 13,900 13,900 56,958 43,058
Miscellaneous revenue 122,100 122,100 583,141 461,041
Sale of other assets 1,500 1,500 - (1,500)
Reimbursements - serve and protect 42,000 42,000 13,441 (28,559)
Reimbursements - salt use 45,000 45,000 20,771 (24,229)
Reimbursements - fire department 105,000 105,000 8,072 (96,928)
Reimbursements - police 600,000 600,000 212,970 (387,030)
Community relief program - - 2,300 2,300
Payment in lieu of taxes 200,000 200,000 85,000 (115,000)
Fund balance applied 500,000 500,000 - (500,000)
Chargeback revenue 300,000 300,000 441,887 141,887
Private Elm Trees Insurance 35,000 35,000 32,620 (2,380)
Citizens CPR class fees 6,500 6,500 8,698 2,198
Parking permits - Ryan Field 15,000 15,000 896 (14,104)
Total Other Revenues 2,068,100 2,068,100 1,721,344 (346,756)
Total Revenues 101,592,606	$ 104,759,606	$ 121,418,997	$ 16,659,391	$
- 97 -

-- 131 of 202 --

CITY OF EVANSTON, ILLINOIS
General Fund
Schedule of Expenditures - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original Budget Final Budget Actual Variance
Expenditures
General Management and Support
City Council 556,166	$ 556,166	$ 532,148	$ (24,018)	$
City Manager and Budget Management 6,004,835 6,004,835 6,271,508 266,673
City Clerk 178,795 178,795 200,438 21,643
Law Department 576,892 576,892 538,632 (38,260)
Administrative Services 10,360,246 10,360,246 11,022,658 662,412
Total General Management and Support 17,676,934 17,676,934 18,565,384 888,450
Public Safety
Police 39,534,286 39,534,286 39,470,164 (64,122)
Fire 26,006,574 26,006,574 26,462,524 455,950
Total Public Safety 65,540,860 65,540,860 65,932,688 391,828
Public Works
Public Works Director 3,389,510 3,389,510 3,421,142 31,632
Municipal Service Center 1,641,513 1,641,513 1,727,789 86,276
City Engineer 269,391 269,391 285,782 16,391
Traffic Engineer 3,445,049 3,445,049 3,215,380 (229,669)
Streets 2,880,468 2,880,468 3,074,034 193,566
Sanitation 16,860 16,860 141,467 124,607
Total Public Works 11,642,791 11,642,791 11,865,594 222,803
Health and Human Services Development
COVID Contact Tracing 392,000 392,000 523,084 131,084
Health and Human Services Director 111,823 111,823 169,162 57,339
Health Department 802,597 802,597 952,486 149,889
Mental Health and Community Purchased Services - - 16,385 16,385
Human Relations - 3,645,724 2,812,249 (833,475)
Total Health and Human Services Development 1,306,420 4,952,144 4,473,366 (478,778)
Recreation and Cultural Opportunities
Recreation 10,010,454 11,972,729 9,990,214 (1,982,515)
Ecology Center 549,112 549,112 468,569 (80,543)
Cultural Arts 597,209 597,209 577,460 (19,749)
Total Recreation and Cultural Opportunities 11,156,775 13,119,050 11,036,243 (2,082,807)
Housing and Economic Development
Community Development Administration 436,695 436,695 473,071 36,376
Planning and Zoning 715,534 715,534 751,556 36,022
Housing Rehabilitation and Property Standards 584,726 584,726 651,795 67,069
Building Code Compliance 1,336,874 1,336,874 1,406,706 69,832
Total Housing and Economic Development 3,073,829 3,073,829 3,283,128 209,299
Total Expenditures 110,397,609	$ 116,005,608	$ 115,156,403	$ (849,205)	$
(See independent auditor's report.)
- 98 -

-- 132 of 202 --

CITY OF EVANSTON, ILLINOIS
General Obligation Debt Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original Budget Final Budget Actual Variance
Taxes
Property taxes
Current year levy, net 13,936,263	$ 13,936,263	$ 14,457,696	$ 521,433	$
Investment income 1,500 1,500 (13,391) (14,891)
Total Revenues 13,937,763 13,937,763 14,444,305 506,542
General management and support - - 35 35
Debt Service
Principal 8,791,152 11,923,813 9,311,152 (2,612,661)
Interest 5,497,590 5,497,590 5,602,575 104,985
Fiscal agent fees - - 56,486 56,486
Total Expenditures 14,288,742 17,421,403 14,970,248 (2,451,155)
Excess (Deficiency) of Revenues
Over Expenditures (350,979) (3,483,640) (525,943) 2,957,697
Issuance of bonds - - 3,569,500 3,569,500
Premium on issuance of bonds - - 465,136 465,136
Payment to escrow agent - - (3,975,000) (3,975,000)
Transfers in 1,197,401 1,197,401 1,197,420 19
Total Other Financing Sources (Uses) 1,197,401 1,197,401 1,257,056 59,655
Net Changes in Fund Balances 846,422	$ (2,286,239)	$ 731,113 3,017,352	$
Fund Balances
Beginning of Year 721,459
End of Year 1,452,572	$
Revenues
Expenditures
Other Financing Sources (Uses)
(See independent auditor's report.)
- 99 -

-- 133 of 202 --

NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
Special Revenue Funds are used to account for specific revenues that are legally restricted to expenditures
for a particular purpose.
Motor Fuel Tax - to account for the operation of street maintenance programs and capital projects as
authorized by the Illinois Department of Transportation. Financing is provided by the City’s share of
gasoline taxes.
Emergency Telephone System - to account for revenues and expenditures for 911 emergency telephone
service. Financing provided by network connection surcharges.
Neighborhood Improvement - to account for a portion of the sales tax revenues derived from retail sales
of the Home Depot U.S.A. Inc. store in the City. Sales tax revenues allocated to this fund are to be
expended on public projects that will benefit the immediate neighborhood of the store.
Affordable Housing - to account for costs associated with housing-related programs of the City.
HOME - to account for the activity of the HOME program. Financing is provided by the federal
government. Expenditures are made in accordance with the requirements of federal law.
Community Development Block Grant - to account for revenues and expenditures of the Community
Block Grant program. Financing is provided by the federal government on a reimbursement basis in
accordance with federal formula. Expenditures are made in accordance with the requirements of federal
law.
Community Development Loan - to account for residential rehabilitation loans to residents.
Special Service District No. 9 - (successor to SSA #4) was reestablished in 2019 to provide certain public
services to supplement services currently or customarily provided by the City to the Area. Services
include the promotion and advertisement of the Area in order to attract businesses and consumers, and
provide any other public services to the Area which the City may deem appropriate from time to time.
SSA#9 is managed by Downtown Evanston (formerly EvMark), an Illinois not-for-profit corporation.
Financing is provided by the City through an annual property tax levy.
Reparations - to account for the municipal tax revenues (at 3% of retail price) collected from the sales of
recreational cannabis.
ARPA - to account for the State and Local Fiscal Recovery Funds as provided for by the American
Rescue Plan Act of 2021.
Good Neighbor - to account for the resources provided by Northwestern University to assist city functions
and increase programming.
General Assistance - to account for the assistance given to persons and/or families to meet their basic
living expenses.

-- 134 of 202 --

Debt Service Funds
Debt Service Funds are used to account for the servicing of general long-term debt.
Chicago Main TIF - To account for principal and interest payments on debt proceeds issued and allocated
to this tax increment financing district.
Special Service Area No. 6 Fund - to account for promotion, advertisement, and street maintenance costs
of the area located in the City’s commercial district surrounding Dempster, Chicago, and Main. Financing
is provided by the City through an annual special service area property tax levy.
Special Service Area No. 7 Fund - to account for the City’s support of commercial properties located in
the Central Street merchant district. SSA #7 represents the east portion of Central Street located between
Hartrey on the west, Eastwood on the east, Isabella on the north and Lincoln on the south. The purpose of
the Central Street SSA districts is to help the merchant association grow and establish a stable funding
stream for merchant and business district activities. Financing is provided by the City through an annual
special service area property tax levy.
Special Service Area No. 8 Fund - to account for the City’s support of commercial properties located in
the Central Street merchant district. SSA #8 represents the west portion of Central Street located between
Central Park Ave. on the west and Ewing Ave. on the east. The purpose of the Central Street SSA
districts is to help the merchant association grow and establish a stable funding stream for merchant and
business district activities. Financing is provided by the City through an annual special service area
property tax levy.
Dempster-Dodge TIF - To account for principal and interest payments on debt proceeds issued and
allocated to this tax increment financing district.
Howard/Ridge TIF- To account for principal and interest payments on debt proceeds issued and allocated
to this tax increment financing district.
West Evanston TIF - To account for principal and interest payments on debt proceeds issued and
allocated to this tax increment financing district.
Capital Projects Funds
Capital Improvement - To account for capital projects not funded through special revenue, tax increment
financing, or enterprise funds. Capital projects include, but are not limited to: long-term improvements to
public buildings, the paving of city streets, and the improvement and development of recreation facilities.
Financing is provided primarily by grants and general obligation bond proceeds.
Crown Construction - To account for capital improvements (primarily alley paving) financed by
both special assessments on property owners and city contributions.
Crown Maintenance - To account for capital improvements (primarily alley paving) financed by
both special assessments on property owners and city contributions.
Special Assessment - To account for capital improvements (primarily alley paving) financed by both
special assessments on property owners and City contributions.

-- 135 of 202 --

CITY OF EVANSTON, ILLINOIS
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2021
Emergency
Motor Fuel Telephone Neighborhood Affordable
Tax System Improvement Housing HOME
Cash and equivalents -	$ 989,501	$ 22,132	$ 834,760	$ 33,369	$
Investments 5,002,905 - - 1,974,242 -
Receivables
Property tax - - - - -
Loans - - - 2,517,149 4,983,978
Special assessments - - - - -
Other - - - - -
Due from other governments 276,988 365,588 - - 126,124
Due from other funds - 181,932 11 - 1,836
Advances to other funds - - - - -
Total Assets 5,279,893	$ 1,537,021	$ 22,143	$ 5,326,151	$ 5,145,307	$
Liabilities
Vouchers payable 166,138	$ 2,534	$ -	$ 131,466	$ 135,594	$
Unearned revenue - - - - -
Due to other governments - - - 147,865 -
Due to other funds 32,932 - - 56,727 -
Total Liabilities 199,070 2,534 - 336,058 135,594
Deferred Inflows of Resources
Long-term notes receivable - - - 2,517,149 4,983,978
Unavailable revenue - property taxes - - - - -
Total Deferred Inflows of Resources - - - 2,517,149 4,983,978
Total Liabilities and Deferred Inflows of Resources 199,070 2,534 - 2,853,207 5,119,572
Fund Balances
Restricted for
Highway Maintenance 5,080,823 - - - -
Emergency Telephone System - 1,534,487 - - -
HUD Approved Projects - - - - 25,735
Neighborhood Improvements - - 22,143 2,472,944 -
Reparations - - - - -
Governmental purposes - - - - -
Debt Service - - - - -
General Assistance - - - - -
Capital Improvements - - - - -
Assigned - - - - -
Unassigned (deficit) - - - - -
Total Fund Balances (Deficit) 5,080,823 1,534,487 22,143 2,472,944 25,735
Total Liabilities, Deferred Inflows of Resources,
and Fund Balances 5,279,893	$ 1,537,021	$ 22,143	$ 5,326,151	$ 5,145,307	$
Assets
Special Revenue
- 100 -

-- 136 of 202 --

Special
Community Community Service Total
Development Development District Good General Special
Block Grant Loan No. 9 Reparations ARPA Neighbor Assistance Revenue
14,132	$ 314,262	$ -	$ 502,583	$ -	$ 902,163	$ 617,900	$ 4,230,802	$
- - - - 16,813,372 - - 23,790,519
- - 595,000 - - - 1,300,000 1,895,000
- 1,961,593 - - - - - 9,462,720
- - - - - - - -
- - - - - - - -
581,506 - - - - - - 1,350,206
- - - 3,132 - - - 186,911
- - - - - - - -
595,638	$ 2,275,855	$ 595,000	$ 505,715	$ 16,813,372	$ 902,163	$ 1,917,900	$ 40,916,158	$
442,594	$ 52	$ -	$ -	$ -	$ -	$ -	$ 878,378	$
- - - - 16,786,827 - - 16,786,827
- 758 - - - - - 148,623
92,221 2,522 206,750 - - - 7,584 398,736
534,815 3,332 206,750 - 16,786,827 - 7,584 18,212,564
- 1,961,593 - - - - - 9,462,720
- - 595,000 - - - 1,300,000 1,895,000
- 1,961,593 595,000 - - - 1,300,000 11,357,720
534,815 1,964,925 801,750 - 16,786,827 - 1,307,584 29,570,284
- - - - - - - 5,080,823
- - - - - - - 1,534,487
60,823 310,930 - - - - - 397,488
- - - - - - - 2,495,087
- - - 505,715 - - - 505,715
- - - - 26,545 26,545
- - - - - - - -
- - - - - - 610,316 610,316
- - - - - 902,163 - 902,163
- - - - - - - -
- - (206,750) - - - - (206,750)
60,823 310,930 (206,750) 505,715 26,545 902,163 610,316 11,345,874
595,638	$ 2,275,855	$ 595,000	$ 505,715	$ 16,813,372	$ 902,163	$ 1,917,900	$ 40,916,158	$
Special Revenue
(This schedule is continued on the following pages.)
- 101 -

-- 137 of 202 --

CITY OF EVANSTON, ILLINOIS
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2021
Chicago Main Special Special Special Dempster-Dodge
Tax Service Service Service Tax
Increment Area Area Area Increment
District No. 6 No. 7 No. 8 District
Cash and equivalents 45,092	$ 1,779	$ 70,872	$ -	$ 325,004	$
Investments - - - - -
Receivables
Property tax - 221,000 154,800 60,200 -
Loans - - - - -
Special assessments - - - - -
Other - - - - -
Due from other governments - - - - -
Due from other funds 919,557 - - 3,218 -
Advances to other funds - - - - -
Total Assets 964,649	$ 222,779	$ 225,672	$ 63,418	$ 325,004	$
Liabilities
Vouchers payable 13,122	$ -	$ -	$ -	$ -	$
Unearned revenue - - - - -
Due to other governments - - - - -
Due to other funds - - 62,157 - -
Total Liabilities 13,122 - 62,157 - -
Deferred Inflows of Resources
Long-term notes receivable - - - - -
Unavailable revenue - property taxes - 221,000 154,800 60,200 -
Total Deferred Inflows of Resources - 221,000 154,800 60,200 -
Total Liabilities and Deferred Inflows of Resources 13,122 221,000 216,957 60,200 -
Fund Balances
Restricted for
Highway Maintenance - - - - -
Emergency Telephone System - - - - -
HUD Approved Projects - - - - -
Neighborhood Improvements - 1,779 8,715 3,218 -
Reparations - - - - -
Governmental purposes
Debt Service 951,527 - - - 325,004
Township - - - - -
Capital Improvements - - - - -
Assigned - - - - -
Unassigned (deficit) - - - - -
Total Fund Balances (Deficit) 951,527 1,779 8,715 3,218 325,004
Total Liabilities, Deferred Inflows of Resources,
and Fund Balances 964,649	$ 222,779	$ 225,672	$ 63,418	$ 325,004	$
Assets
Debt Service
- 102 -

-- 138 of 202 --

Howard Ridge West Evanston Total
Tax Tax Total Total Nonmajor
Increment Increment Debt Capital Crown Crown Special Capital Governmental
District District Service Improvements Construction Maintenance Assessment Projects Funds
812,773	$ 52,206	$ 1,307,726	$ 11,408,332	$ 5,816,689	$ 349,996	$ 43,874	$ 17,618,891	$ 23,157,419	$
2,014,361 - 2,014,361 1,494,435 - - 2,055,198 3,549,633 29,354,513
- - 436,000 - - - - - 2,331,000
- - - - - - - - 9,462,720
- - - - - - 436,380 436,380 436,380
- - - - - - - - -
- - - - - - - - 1,350,206
447 3,200,000 4,123,222 87,437 - - 34,524 121,961 4,432,094
- - - - - - - - -
2,827,581	$ 3,252,206	$ 7,881,309	$ 12,990,204	$ 5,816,689	$ 349,996	$ 2,569,976	$ 21,726,865	$ 70,524,332	$
154,017	$ -	$ 167,139	$ 1,384,666	$ 86,871	$ -	$ -	$ 1,471,537	$ 2,517,054	$
- - - - - - - - 16,786,827
- - - - - - - - 148,623
- - 62,157 - - - - - 460,893
154,017 - 229,296 1,384,666 86,871 - - 1,471,537 19,913,397
- - - - - - 436,380 436,380 9,899,100
- (21,008) 414,992 - - - - - 2,309,992
- (21,008) 414,992 - - - 436,380 436,380 12,209,092
154,017 (21,008) 644,288 1,384,666 86,871 - 436,380 1,907,917 32,122,489
- - - - - - - - 5,080,823
- - - - - - - - 1,534,487
- - - - - - - - 397,488
- - 13,712 - - - 2,133,596 2,133,596 4,642,395
- - - - - - - - 505,715
26,545
2,673,564 3,273,214 7,223,309 - - - - - 7,223,309
- - - - - - - - 610,316
- - - 4,775,094 - - - 4,775,094 5,677,257
- - - 6,830,444 5,729,818 349,996 - 12,910,258 12,910,258
- - - - - - - (206,750)
2,673,564 3,273,214 7,237,021 11,605,538 5,729,818 349,996 2,133,596 19,818,948 38,401,843
2,827,581	$ 3,252,206	$ 7,881,309	$ 12,990,204	$ 5,816,689	$ 349,996	$ 2,569,976	$ 21,726,865	$ 70,524,332	$
Capital Projects	Debt Service
(See independent auditor's report.)
- 103 -

-- 139 of 202 --

CITY OF EVANSTON, ILLINOIS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Fiscal Year Ended December 31, 2021
Emergency
Motor Fuel Telephone Neighborhood Affordable
Tax System Improvement Housing HOME
Revenues
Taxes -	$ 1,451,159	$ -	$ 15,453	$ -	$
Special assessments - - - - -
Intergovernmental 4,554,816 - - 623,955 504,714
Fees - - - - -
Investment income 4,986 736 22 7,428 34,283
Miscellaneous
Contributions - - - 125,000 -
Other - 641 - 4,167 1,765
Total Revenues 4,559,802 1,452,536 22 776,003 540,762
Expenditures
Current
General management and support - - - - -
Public safety - 1,217,679 - - -
Public works 2,396,737 - - - -
Housing and economic development - - - 2,104,842 544,592
Debt services
Fiscal charges - - - - -
Capital outlay - - - - -
Total Expenditures 2,396,737 1,217,679 - 2,104,842 544,592
Excess (Deficiency) of Revenues
Over Expenditures 2,163,065 234,857 22 (1,328,839) (3,830)
Other Financing Sources (Uses)
Issuance of bonds - - - - -
Premium (discount) on bonds issued - - - - -
Transfers in - - - - -
Transfers (out) (1,044,984) (90,000) - - -
Total Other Financing Sources (Uses) (1,044,984) (90,000) - - -
Net Change in Fund Balances 1,118,081 144,857 22 (1,328,839) (3,830)
Fund Balances (Deficit), January 1 3,962,742 1,389,630 22,121 3,801,783 29,565
Fund Balances (Deficit), December 31 5,080,823	$ 1,534,487	$ 22,143	$ 2,472,944	$ 25,735	$
Special Revenue
- 104 -

-- 140 of 202 --

Special
Community Community Service Total
Development Development District Good General Special
Block Grant Loan No. 9 Reparations ARPA Neighbor Assistance Revenue
-	$ -	$ 603,007	$ -	$ -	$ -	$ 1,318,391	$ 3,388,010	$
- - - - - - - -
2,317,923 - - - 4,800,000 - - 12,801,408
- - - - - - - -
- - 28 391 26,545 884 1,442 76,745
- - - 14,278 - 1,000,000 - 1,139,278
- 172,475 - - - - 2,585 181,633
2,317,923 172,475 603,035 14,669 4,826,545 1,000,884 1,322,418 17,587,074
- - - 2,096 - 35,387 1,101,639 1,139,122
- - - - - - - 1,217,679
- - - - - - - 2,396,737
2,317,923 44,370 595,125 - - - - 5,606,852
-
- - - - - - - -
- - - - - - - -
2,317,923 44,370 595,125 2,096 - 35,387 1,101,639 10,360,390
- 128,105 7,910 12,573 4,826,545 965,497 220,779 7,226,684
- - - - - - - -
- - - - - - - -
- - - 275,000 - - - 275,000
- - - - (4,800,000) (414,152) - (6,349,136)
- - - 275,000 (4,800,000) (414,152) - (6,074,136)
- 128,105 7,910 287,573 26,545 551,345 220,779 1,152,548
60,823 182,825 (214,660) 218,142 - 350,818 389,537 10,193,326
60,823	$ 310,930	$ (206,750)	$ 505,715	$ 26,545	$ 902,163	$ 610,316	$ 11,345,874	$
Special Revenue
(This schedule in continued on the following pages.)
- 105 -

-- 141 of 202 --

CITY OF EVANSTON, ILLINOIS
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Fiscal Year Ended December 31, 2021
Chicago Main Special Special Special Dempster-Dodge
Tax Service Service Service Tax
Increment Area Area Area Increment
District No. 6 No. 7 No. 8 District
Revenues
Taxes 1,207,608	$ 221,554	$ 144,157	$ 49,544	$ 282,948	$
Special assessments - - - - -
Intergovernmental - - - - -
Fees - - - - -
Investment income 2,771 66 104 11,208 540
Miscellaneous
Contributions - - - - -
Other - - - - -
Total Revenues 1,210,379 221,620 144,261 60,752 283,488
Expenditures
Current
General management and support - - - - -
Public safety - - - - -
Public works - - - - -
Housing and economic development 255,547 223,914 135,898 58,580 1,822
Debt services
Fiscal charges - - - - -
Capital outlay - - - - -
Total Expenditures 255,547 223,914 135,898 58,580 1,822
Excess (Deficiency) of Revenues
Over Expenditures 954,832 (2,294) 8,363 2,172 281,666
Other Financing Sources (Uses)
Issuance of bonds - - - - -
Premium (discount) on bonds issued - - - - -
Transfers in - - - - -
Transfers (out) (1,327,976) - - - (168,924)
Total Other Financing Sources (Uses) (1,327,976) - - - (168,924)
Net Change in Fund Balances (373,144) (2,294) 8,363 2,172 112,742
Fund Balances (Deficit), January 1 1,324,671 4,073 352 1,046 212,262
Fund Balances (Deficit), December 31 951,527	$ 1,779	$ 8,715	$ 3,218	$ 325,004	$
Debt Service
- 106 -

-- 142 of 202 --

Howard Ridge West Evanston Total
Tax Tax Total Total Nonmajor
Increment Increment Debt Capital Crown Crown Special Capital Governmental
District District Service Improvements Construction Maintenance Assessment Projects Funds
1,241,924	$ 1,795,432	$ 4,943,167	$ -	$ -	$ -	$ -	$ -	$ 8,331,177	$
- - - - - - 109,459 109,459 109,459
- - - 340,579 1,000,000 - - 1,340,579 14,141,987
- - - 168,794 - - - 168,794 168,794
5,685 5,468 25,842 (65,826) 12,174 - 4,739 (48,913) 53,674
- - - 60,873 2,800,000 - - 2,860,873 4,000,151
28,078 171,504 199,582 81,365 - - - 81,365 462,580
1,275,687 1,972,404 5,168,591 585,785 3,812,174 - 114,198 4,512,157 27,267,822
- - - 3,341 - - 60 3,401 1,142,523
- - - 9,096 - - - 9,096 1,226,775
- - - 6,654,196 13,829 - - 6,668,025 9,064,762
720,055 86,184 1,482,000 - - - - - 7,088,852
- - - 115,852 - - - 115,852 115,852
- - - 1,636,125 699,411 - 144,686 2,480,222 2,480,222
720,055 86,184 1,482,000 8,418,610 713,240 - 144,746 9,276,596 21,118,986
555,632 1,886,220 3,686,591 (7,832,825) 3,098,934 - (30,548) (4,764,439) 6,148,836
- - - 8,370,000 - - - 8,370,000 8,370,000
- - - 549,852 - - - 549,852 549,852
- - - - - 174,996 - 174,996 449,996
(218,112) (407,637) (2,122,649) - - - (489,324) (489,324) (8,961,109)
(218,112) (407,637) (2,122,649) 8,919,852 - 174,996 (489,324) 8,605,524 408,739
337,520 1,478,583 1,563,942 1,087,027 3,098,934 174,996 (519,872) 3,841,085 6,557,575
2,336,044 1,794,631 5,673,079 10,518,511 2,630,884 175,000 2,653,468 15,977,863 31,844,268
2,673,564	$ 3,273,214	$ 7,237,021	$ 11,605,538	$ 5,729,818	$ 349,996	$ 2,133,596	$ 19,818,948	$ 38,401,843	$
Capital Projects	Debt Service
(See independent auditor's report.)
- 107 -

-- 143 of 202 --

CITY OF EVANSTON, ILLINOIS
Motor Fuel Tax Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments 3,656,700	$ 4,554,816	$ 898,116	$
Interest 12,000 4,986 (7,014)
Total Revenues 3,668,700 4,559,802 891,102
Expenditures
Public Works 3,322,000 2,396,737 (925,263)
Excess (Deficiency) of Revenues
Over Expenditures 346,700 2,163,065 1,816,365
Other Financing Sources (Uses)
Transfers (out) (1,044,987) (1,044,984) 3
Other Financing Sources (Uses) - Net (1,044,987) (1,044,984) 3
Net Change in Fund Balance (698,287)	$ 1,118,081 1,816,368	$
Fund Balances
Beginning of Year 3,962,742
End of Year 5,080,823	$
(See independent auditor's report.)
- 108 -

-- 144 of 202 --

CITY OF EVANSTON, ILLINOIS
Emergency Telephone System Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Taxes and special assessments 1,321,600	$ 1,451,159	$ 129,559	$
Interest 7,000 736 (6,264)
Miscellaneous
Other - 641 641
Total Revenues 1,328,600 1,452,536 123,936
Expenditures
Public safety 1,434,371 1,217,679 (216,692)
Excess (Deficiency) of Revenues
Over Expenditures (105,771) 234,857 340,628
Other Financing Sources (Uses)
Transfers (out) (90,000) (90,000) -
Net Change in Fund Balance (195,771)	$ 144,857 340,628	$
Fund Balance
Beginning of Year 1,389,630
End of Year 1,534,487	$
(See independent auditor's report.)
- 109 -

-- 145 of 202 --

CITY OF EVANSTON, ILLINOIS
Affordable Housing Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Affordable housing demo tax 75,000	$ 15,453	$ (59,547)	$
Intergovernmental 658,000 623,955 (34,045)
Developer contributions 125,000 125,000 -
Interest 5,700 7,428 1,728
Miscellaneous 50,600 4,167 (46,433)
Total Revenues 914,300 776,003 (138,297)
Expenditures
Housing and economic development 2,529,244 2,104,842 (424,402)
Net Change in Fund Balance (1,614,944)	$ (1,328,839) 286,105	$
Fund Balance
Beginning of Year 3,801,783
End of Year 2,472,944	$
(See independent auditor's report.)
- 110 -

-- 146 of 202 --

CITY OF EVANSTON, ILLINOIS
HOME Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments 540,453	$ 504,714	$ (35,739)	$
Interest 150 34,283 34,133
Miscellaneous 25,000 1,765 (23,235)
Total Revenues 565,603 540,762 (24,841)
Expenditures
Housing and economic development 564,941 544,592 (20,349)
Net Change in Fund Balance 662	$ (3,830) (4,492)	$
Fund Balance
Beginning of Year 29,565
End of Year 25,735	$
(See independent auditor's report.)
- 111 -

-- 147 of 202 --

CITY OF EVANSTON, ILLINOIS
Community Development Block Grant Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Intergovernmental allotments
Grant from U.S. Department of
Housing and Urban Development 2,758,514	$ 2,317,923	$ (440,591)	$
Total Revenues 2,758,514 2,317,923 (440,591)
Expenditures
Housing and economic development 2,756,197 2,317,923 (438,274)
Net Change in Fund Balance 2,317	$ - (2,317)	$
Fund Balance
Beginning of Year 60,823
End of Year 60,823	$
(See independent auditor's report.)
- 112 -

-- 148 of 202 --

CITY OF EVANSTON, ILLINOIS
Community Development Block Grant Fund
Schedule of Expenditures - Budget and Actual (Budgetary Basis)
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Administration/Planning
CDBG administration 2,611,623	$ 330,403	$ (2,281,220)	$
Total Administration/Planning 2,611,623 330,403 (2,281,220)
Housing
Rehab construction administration 64,574 53,835 (10,739)
Targeted housing code enforcement - 341,609 341,609
Total Housing 64,574 395,444 330,870
Neighborhood Revitalization
Special assessements - alleys - 4,280 4,280
Alley paving program - 350,771 350,771
Park improvements - 69,691 69,691
Curbs/sidewalk replacement - 51,600 51,600
Contributions to other agencies - 38,561 38,561
Total Neighborhood Revitalization - 514,903 514,903
Public Services
Connection for Homeless - 386,398 386,398
Summer youth employment - 150,092 150,092
Direct financial assistance - 86,150 86,150
Childcare Network Evanston - 25,000 25,000
Curt's Café - 115,957 115,957
James Moran Center - 50,000 50,000
YWCA Domestic Violence - 35,000 35,000
Interfaith Housing Program - Homeshare - 42,500 42,500
Family Focus - 102,326 102,326
North Shore Senior Center - 23,750 23,750
Meals at Home - 30,000 30,000
Direct financial assistance to businesses 50,000 30,000 (20,000)
Evanston Community Development Corportation 30,000 - (30,000)
Total Public Services 80,000 1,077,173 997,173
Total Expenditures 2,756,197	$ 2,317,923	$ (438,274)	$
(This schedule is continued on the following page.)
- 113 -

-- 149 of 202 --

CITY OF EVANSTON, ILLINOIS
Community Development Loan Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Miscellaneous 110,000	$ 172,475	$ 62,475	$
Total Revenues 110,000 172,475 62,475
Expenditures
Housing and economic development 175,000 44,370 (130,630)
Net Change in Fund Balance (65,000)	$ 128,105 193,105	$
Fund Balances
Beginning of Year 182,825
End of Year 310,930	$
(See independent auditor's report.)
- 114 -

-- 150 of 202 --

CITY OF EVANSTON, ILLINOIS
Special Service District No. 9 Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original Budget Final Budget Actual Variance
Revenues
Property taxes
Current year 592,665	$ 592,665	$ 603,007	$ 10,342	$
Investment income - - 28 28
Total Revenues 592,665 592,665 603,035 10,370
Expenditures
Housing and economic development 575,000 595,125 595,125 -
Net Change in Fund Balance (Deficit) 17,665	$ (2,460)	$ 7,910 10,370	$
Fund Balance (Deficit)
Beginning of Year (214,660)
End of Year (206,750)	$
(See independent auditor's report.)
- 115 -

-- 151 of 202 --

CITY OF EVANSTON, ILLINOIS
Reparations Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Taxes 400,000	$ -	$ (400,000)	$
Miscellaneous
Contributions - 14,278 14,278
Investment income - 391 391
Total Revenues 400,000 14,669 (385,331)
Expenditures
General management and support 400,000 2,096 (397,904)
Excess (Deficiency) of Revenues
Over Expenditures - 12,573 12,573
Other Financing Sources (Uses)
Transfers in - 275,000 275,000
Other Financing Sources (Uses) - Net - 275,000 275,000
Net Change in Fund Balance -	$ 287,573 287,573	$
Fund Balance
Beginning of Year 218,142
End of Year 505,715	$
(See independent auditor's report.)
- 116 -

-- 152 of 202 --

CITY OF EVANSTON, ILLINOIS
ARPA Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original Budget Final Budget Actual Variance
Revenues
Intergovernmental -	$ -	$ 4,800,000	$ 4,800,000	$
Investment income - - 26,545 26,545
Total Revenues - - 4,826,545 4,826,545
Expenditures
None - - - -
Excess (Deficiency) of Revenues
Over Expenditures - - 4,826,545 4,826,545
Other Financing Sources (Uses)
Transfers (out) - (4,800,000) (4,800,000) -
Other Financing Sources (Uses) - Net - (4,800,000) (4,800,000) -
Net Change in Fund Balance -	$ (4,800,000)	$ 26,545 4,826,545	$
Fund Balance
Beginning of Year -
End of Year 26,545	$
- 117 -

-- 153 of 202 --

CITY OF EVANSTON, ILLINOIS
Good Neighbor Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Miscellaneous 1,000,000	$ 1,000,000	$ -	$
Investment income - 884 884
Total Revenues 1,000,000 1,000,884 884
Expenditures
General management and support 620,000 35,387 (584,613)
Excess (Deficiency) of Revenues
Over Expenditures 380,000 965,497 585,497
Other Financing Sources (Uses)
Transfers (out) (380,000) (414,152) (34,152)
Other Financing Sources (Uses) - Net (380,000) (414,152) (34,152)
Net Change in Fund Balance -	$ 551,345 551,345	$
Fund Balance
Beginning of Year 350,818
End of Year 902,163	$
(See independent auditor's report.)
- 118 -

-- 154 of 202 --

CITY OF EVANSTON, ILLINOIS
General Assistance Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Property taxes 1,300,000	$ 1,318,391	$ 18,391	$
Investment income 1,000 1,442 442
Miscellaneous 27,500 2,585 (24,915)
Total Revenues 1,328,500 1,322,418 (6,082)
Expenditures
General management and support 1,325,044 1,101,639 (223,405)
Net Change in Fund Balance 3,456	$ 220,779 217,323	$
Fund Balance
Beginning of Year 389,537
End of Year 610,316	$
(See independent auditor's report.)
- 119 -

-- 155 of 202 --

CITY OF EVANSTON, ILLINOIS
Capital Improvements Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Intergovernmental -	$ 340,579	$ 340,579	$
Contributions - 60,873 60,873
Fees - 168,794 168,794
Investment income - (65,826) (65,826)
Miscellaneous - 81,365 81,365
Total Revenues - 585,785 585,785
Expenditures
General management and support - 3,341 3,341
Public safety - 9,096 9,096
Public works 9,611,766 6,654,196 (2,957,570)
Capital outlay 790,000 1,636,125 846,125
Debt Service
Fiscal agent fees - 115,852 115,852
Total Expenditures 10,401,766 8,418,610 (1,983,156)
Excess (Deficiency) of Revenues
Over Expenditures (10,401,766) (7,832,825) 2,568,941
Other Financing Sources (Uses)
Issuance of bonds 7,645,000 8,370,000 725,000
Premium on issuance of bonds - 549,852 549,852
Total Other Financing Sources (Uses) 7,645,000 8,919,852 1,274,852
Net Change in Fund Balance (2,756,766)	$ 1,087,027 3,843,793	$
Fund Balances
Beginning of Year 10,518,511
End of Year 11,605,538	$
(See independent auditor's report.)
- 120 -

-- 156 of 202 --

CITY OF EVANSTON, ILLINOIS
Crown Construction Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Investment income -	$ 12,174	$ 12,174	$
Intergovernmental - 1,000,000 1,000,000
Miscellaneous
Contributions 1,000,000 2,800,000 1,800,000
Total Revenues 1,000,000 3,812,174 2,812,174
Expenditures
Public works - 13,829 13,829
Capital outlay 1,000,000 699,411 (300,589)
Total Expenditures 1,000,000 713,240 (286,760)
Excess (Deficiency) of Revenues
Over Expenditures - 3,098,934 3,098,934
Other Financing Sources (Uses)
Transfers in - - -
Transfers (out) (637,500) - 637,500
Total Other Financing Sources (Uses) (637,500) - 637,500
Net Change in Fund Balance (637,500)	$ 3,098,934 3,736,434	$
Fund Balances
Beginning of Year 2,630,884
End of Year 5,729,818	$
(See independent auditor's report.)
- 121 -

-- 157 of 202 --

CITY OF EVANSTON, ILLINOIS
Crown Maintenance Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
None -	$ -	$ -	$
Total Revenues - - -
Expenditures
None - - -
Total Expenditures - - -
Excess (Deficiency) of Revenues
Over Expenditures - - -
Other Financing Sources (Uses)
Transfers in 175,000 174,996 (4)
Total Other Financing Sources (Uses) 175,000 174,996 (4)
Net Change in Fund Balance 175,000	$ 174,996 (4)	$
Fund Balances
Beginning of Year 175,000
End of Year 349,996	$
(See independent auditor's report.)
- 122 -

-- 158 of 202 --

CITY OF EVANSTON, ILLINOIS
Special Assessment Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Revenues
Special assessments 155,000	$ 109,459	$ (45,541)	$
Investment income - 4,739 4,739
Total Revenues 155,000 114,198 (40,802)
Expenditures
Current
General management and support - 60 60
Capital outlay 500,000 144,686 (355,314)
Total Expenditures 500,000 144,746 (355,254)
Excess (Deficiency) of Revenues
Over Expenditures (345,000) (30,548) 314,452
Other Financing Sources (Uses)
Transfers (out) (489,314) (489,324) (10)
Other Financing Sources (Uses) - Net (489,314) (489,324) (10)
Net Change in Fund Balance (834,314)	$ (519,872) 314,442	$
Fund Balance
Beginning of Year 2,653,468
End of Year 2,133,596	$
(See independent auditor's report.)
- 123 -

-- 159 of 202 --

CITY OF EVANSTON, ILLINOIS
Debt Service Funds
Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original Final Original Final
Budget Budget Actual Budget Budget Actual
Taxes
Property taxes 879,000	$ 879,000	$ 1,207,608	$ 221,000	$ 221,000	$ 221,554	$
Investment income - - 2,771 500 500 66
Miscellaneous - - - - - -
Total Revenues 879,000 879,000 1,210,379 221,500 221,500 221,620
Housing and economic
development 1,135,000 1,320,681 255,547 221,500 223,914 223,914
Total Expenditures 1,135,000 1,320,681 255,547 221,500 223,914 223,914
Excess (Deficiency) of Revenues
Over Expenditures (256,000) (441,681) 954,832 - (2,414) (2,294)
Transfers in (out)
General (30,000) (30,000) (30,000) - - -
Other (232,843) (232,843) (1,297,976) - - -
Total Other Financing Sources (Uses) (262,843) (262,843) (1,327,976) - - -
Net Changes in Fund Balances (518,843)	$ (704,524)	$ (373,144) -	$ (2,414)	$ (2,294)
Fund Balances
Beginning of Year 1,324,671 4,073
End of Year 951,527	$ 1,779	$
Special Service Area
No. 6
Other Financing Sources (Uses)
Expenditures
Revenues
Increment District
Chicago Main Tax
- 124 -

-- 160 of 202 --

Original Final Original and Original and
Budget Budget Actual Final Budget Actual Final Budget Actual
154,800	$ 154,800	$ 144,157	$ 60,200	$ 49,544	$ 147,000	$ 282,948	$
- - 104 - 11,208 - 540
- - - - - - -
154,800 154,800 144,261 60,200 60,752 147,000 283,488
115,000 135,898 135,898 60,200 58,580 2,000 1,822
115,000 135,898 135,898 60,200 58,580 2,000 1,822
39,800 18,902 8,363 - 2,172 145,000 281,666
- - - - - (10,000) (9,996)
- - - - - (158,923) (158,928)
- - - - - (168,923) (168,924)
39,800	$ 18,902	$ 8,363 -	$ 2,172 (23,923)	$ 112,742
352 1,046 212,262
8,715	$ 3,218	$ 325,004	$
Dempster-Dodge Tax
Increment District
Special Service Area
No. 7
Special Service Area
No. 8
(This schedule is continued on the following page.)
- 125 -

-- 161 of 202 --

CITY OF EVANSTON, ILLINOIS
Debt Service Funds
Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and Original and Original and
Final Budget Actual Final Budget Actual Final Budget Actual
Taxes
Property taxes 968,000	$ 1,241,924	$ 1,237,000	$ 1,795,432	$ 3,452,000	$ 4,943,167	$
Investment income 400 5,685 4,000 5,468 4,900 25,842
Miscellaneous 5,366 28,078 11,000 171,504 16,366 199,582
Total Revenues 973,766 1,275,687 1,252,000 1,972,404 3,473,266 5,168,591
Housing and economic
development 835,000 720,055 705,000 86,184 3,086,595 1,482,000
Total Expenditures 835,000 720,055 705,000 86,184 3,086,595 1,482,000
Excess (Deficiency) of Revenues
Over Expenditures 138,766 555,632 547,000 1,886,220 386,671 3,686,591
Transfers in (out)
General (75,000) (75,000) (75,000) (75,000) (190,000) (189,996)
Other (143,113) (143,112) - (332,637) (534,879) (1,932,653)
Total Other Financing Sources (Uses) (218,113) (218,112) (75,000) (407,637) (724,879) (2,122,649)
Net Changes in Fund Balances (79,347)	$ 337,520 472,000	$ 1,478,583 (338,208)	$ 1,563,942
Fund Balances
Beginning of Year 2,336,044 1,794,631 5,673,079
End of Year 2,673,564	$ 3,273,214	$ 7,237,021	$
West Evanston Tax
Increment District Total
Howard Ridge Tax
Increment District
Revenues
Expenditures
Other Financing Sources (Uses)
(See independent auditor's report.)
- 126 -

-- 162 of 202 --

ENTERPRISE FUNDS
Water Fund - To account for all activity related to providing water to the City’s residents, as well as the
Village of Skokie and the Northwest Water Commission. All activities necessary to provide such services
are accounted for in this fund, including, but not limited to: administration, operation, maintenance, debt
service, and billing/collection.
Sewer Fund - To account for all activity related to providing sewer service to the City’s residents and
businesses. Activities necessary to provide such service include, but are not limited to: administration,
operations, financing, capital improvements/maintenance, and billing/collection.
Parking Fund - To account for all city-owned parking facilities/garages, lots, and metered spaces. Maple
Avenue and Sherman Plaza Garage activities have been included in this fund beginning in FY09-10. All
activities are accounted for including administration, operations, financing, and revenue collection.
Solid Waste Fund - To account for all activity related to refuse, recycling, and yard waste collection and
disposal. Activities necessary to provide such service include, but are not limited to: administration,
operations, and revenue collection.

-- 163 of 202 --

CITY OF EVANSTON, ILLINOIS
Water Fund
Schedule of Revenues, Expenses, and Changes in Net Position - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual
Operating Revenues
Charges for services 22,758,700	$ 20,285,494	$
Miscellaneous 527,150 614,569
Total Operating Revenues 23,285,850 20,900,063
Operating Expenses Excluding Depreciation
Administration 1,977,052 717,673
Operations
Pumping 2,785,639 2,759,516
Filtration 2,952,634 2,494,191
Distribution 1,530,682 1,465,560
Meter maintenance 354,203 221,593
Administration 1,330,441 1,152,362
Other 27,118,831 1,173,748
Total Operating Expenses Excluding Depreciation 38,049,482 9,984,643
Operating Income (Loss) Before Depreciation (14,763,632) 10,915,420
Depreciation - 3,156,091
Operating Income (Loss) (14,763,632) 7,759,329
Non-Operating Revenue (Expenses)
Investment income 70,000 (19,582)
Interest expense (2,318,294) (1,420,786)
Gain/(loss) on the sale of capital assets 216,656
Claims reimbursements 379,250
Issuance of bonds 3,000,000 -
Issuance of loans 16,400,000 -
Total Non-Operating Revenues (Expenses) 17,151,706 (844,462)
Income Before Transfers and Contributions 2,388,074 6,914,867
Transfers and Contributions
Transfers in - 3,181,174
Transfers (out) (4,049,559) (4,049,568)
Contributions - 1,065,128
Total Transfers and Contributions (4,049,559) 196,734
Net Income (Loss) (1,661,485)	$ 7,111,601
Net Position
Beginning of Year 74,796,941
End of Year 81,908,542	$
(See independent auditor's report.)
- 127 -

-- 164 of 202 --

CITY OF EVANSTON, ILLINOIS
Water Fund - Operation and Maintenance Account
Schedule of Operating Revenues - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual
Charges for Services, Net
Water Sales
Evanston 9,059,700	$ 8,800,247	$
Skokie 5,801,000 3,491,947
Northwest Water Commission 4,921,200 5,670,328
Morton Grove Niles Water Commission 1,987,000 1,813,040
Lincolnwood 989,800 509,932
Total Charges for Services 22,758,700 20,285,494
Miscellaneous
Fees and outside work 73,000 68,160
Fees, merchandise, and other 454,150 546,409
Total Miscellaneous 527,150 614,569
Total Operating Revenues 23,285,850	$ 20,900,063	$
(See independent auditor's report.)
- 128 -

-- 165 of 202 --

INTERNAL SERVICE FUNDS
Equipment Replacement Fund - To account for the costs associated with the purchase of vehicles and
equipment.
Fleet Services Fund - To account for the cost of operating the municipal service center maintenance
facility for transportation vehicles/equipment used by city departments. Such costs are billed to the user
departments.
Insurance Fund - To account for all costs related to general liability and workers’ compensation claims.
Health insurance premiums are also accounted for in this fund. This internal service fund uses “funding
premium” payments from city operating funds to pay claim and premium costs incurred.

-- 166 of 202 --

CITY OF EVANSTON, ILLINOIS
Internal Service Funds
Combining Statement of Net Position
December 31, 2021
Equipment
Replacement Fleet Services Insurance Total
Current Assets
Cash and cash equivalents -	$ -	$ 70,000	$ 70,000	$
Receivables - other - - - -
Inventories - 1,600,113 - 1,600,113
Prepaid items 1,131,816 - 4,258,663 5,390,479
Due from other funds - - - -
Total Current Assets 1,131,816 1,600,113 4,328,663 7,060,592
Capital Assets
Capital assets being depreciated 26,813,979 617,552 - 27,431,531
Accumulated depreciation (19,014,138) (617,447) - (19,631,585)
Total Capital Assets 7,799,841 105 - 7,799,946
Total Assets 8,931,657 1,600,218 4,328,663 14,860,538
Deferred Outflows of Resources
OPEB items - 26,504 - 26,504
Total Deferred Outflows of Resources - 26,504 - 26,504
Total Assets and Deferred Outflows of Resources 8,931,657 1,626,722 4,328,663 14,887,042
Liabilities and Deferred Inflows of Resources
Current Liabilities
Vouchers payable 959,228 279,438 108,123 1,346,789
Due to other funds 156,273 364,143 1,204,805 1,725,221
Compensated absences payable - 20,667 2,463 23,130
Total OPEB liability - 4,898 - 4,898
Claims payable - - 1,424,750 1,424,750
Total Current Liabilities 1,115,501 669,146 2,740,141 4,524,788
Long-Term Liabilities
General obligation bonds payable 660,000 - - 660,000
Compensated absences payable - 82,667 9,853 92,520
Total OPEB liability - 137,468 - 137,468
Claims payable - - 6,077,850 6,077,850
Total Long-Term Liabilities 660,000 220,135 6,087,703 6,967,838
Total Liabilities 1,775,501 889,281 8,827,844 11,492,626
Deferred Inflows of Resources
OPEB items - 18,720 - 18,720
Total Deferred Inflows of Resources - 18,720 - 18,720
Total Liabilities and Deferred Inflows of Resources 1,775,501 908,001 8,827,844 11,511,346
Net Position (Deficit)
Net investment in capital assets 7,139,841 105 - 7,139,946
Unrestricted (deficit) 16,315 718,616 (4,499,181) (3,764,250)
Total Net Position (Deficit) 7,156,156	$ 718,721	$ (4,499,181)	$ 3,375,696	$
(See independent auditor's report.)
- 129 -

-- 167 of 202 --

CITY OF EVANSTON, ILLINOIS
Internal Service Funds
Combining Statement of Revenues, Expenses, and Changes in Net Position
For the Fiscal Year Ended December 31, 2021
Equipment
Replacement Fleet Services Insurance Total
Operating Revenues
Charges for services
General Fund 219,984	$ 2,199,996	$ 4,250,004	$ 6,669,984	$
Sewer Fund - 260,004 332,256 592,260
Solid Waste - 302,004 - 302,004
Water Fund - 180,000 1,539,648 1,719,648
Motor Vehicle Parking System Fund - 159,996 351,504 511,500
Library Fund 4,884 5,436 - 10,320
Emergency Telephone System - - 18,228 18,228
Claims reimbursements - - 190,421 190,421
Health insurance contributions
Contributions from other funds - - 10,431,631 10,431,631
Employee contributions - - 3,588,898 3,588,898
Other contributions - 15,774 604,737 620,511
Miscellaneous - - - -
Total Operating Revenues 224,868 3,123,210 21,307,327 24,655,405
Operating Expenses
General support - 1,144,549 521,564 1,666,113
Major maintenance 1,469 1,999,725 - 2,001,194
General liability claims - - 57,546 57,546
Workers' compensation claims - - 1,865,745 1,865,745
Health insurance premiums - - 14,897,965 14,897,965
Total Operating Expenses 1,469 3,144,274 17,342,820 20,488,563
Operating Income (Loss) Before Depreciation 223,399 (21,064) 3,964,507 4,166,842
Depreciation 1,525,498 - - 1,525,498
Operating Income (Loss) (1,302,099) (21,064) 3,964,507 2,641,344
Non-Operating Revenue (Expenses)
Investment income 201 - - 201
Gain (loss) on sale of property 157,294 - - 157,294
Interest expense (20,379) - - (20,379)
Total Non-Operating Revenues (Expenses) 137,116 - - 137,116
Income (Loss) Before Transfers (1,164,983) (21,064) 3,964,507 2,778,460
Transfers
Transfers in 850,000 - - 850,000
Total Transfers 850,000 - - 850,000
Change in Net Position (314,983) (21,064) 3,964,507 3,628,460
Net Position (Deficit) - Beginning 7,471,139 739,785 (8,463,688) (252,764)
Net Position (Deficit) - Ending 7,156,156	$ 718,721	$ (4,499,181)	$ 3,375,696	$
(See independent auditor's report.)
- 130 -

-- 168 of 202 --

CITY OF EVANSTON, ILLINOIS
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended December 31, 2021
Equipment
Replacement Fleet Services Insurance Total
Cash Flows from Operating Activities
Receipts from customers and users -	$ -	$ 3,779,319	$ 3,779,319	$
Receipts from/(payments for)
interfund services provided 356,155 2,971,047 13,696,041 17,023,243
Receipts from other agencies 66,550 15,774 604,737 687,061
Payments to suppliers (1,469) (1,847,002) (521,564) (2,370,035)
Payments to employees - (1,139,819) (85,670) (1,225,489)
Payments for insurance premiums - - (18,472,863) (18,472,863)
Net Cash from Operating Activities 421,236 - (1,000,000) (578,764)
Cash Flows from Noncapital Financing Activities
Interfund transfers 850,000 - - 850,000
Net Cash from Noncapital Financing Activities 850,000 - - 850,000
Cash Flows from Capital and Related Financing Activities
Proceeds from sale of capital assets 157,294 - - 157,294
Acquisition and construction of capital assets (1,969,642) - - (1,969,642)
Interest paid on general obligation bonds (20,379) - - (20,379)
Net Cash from Capital and Related Financing Activities (1,832,727) - - (1,832,727)
Cash Flows from Investing Activities
Interest income 201 - - 201
Net Cash from Investing Activities 201 - - 201
Net Increase (Decrease) in Cash and Cash Equivalents (561,290) - (1,000,000) (1,561,290)
Cash and Equivalents
Beginning 561,290 - 1,070,000 1,631,290
Ending -	$ -	$ 70,000	$ 70,000	$
Reconciliation of Operating Income (Loss) to Net Cash
from Operating Activities
Operating Income (Loss) (1,302,099)	$ (21,064)	$ 3,964,507	$ 2,641,344	$
Adjustments to reconcile operating income (loss) to
net cash from operating activities
Depreciation 1,525,498 - - 1,525,498
Changes in assets and liabilities
Increase/decrease in accounts receivable miscellaneous 66,550 - - 66,550
Interfund receivable - - - -
Prepaid expenses - - (999,136) (999,136)
Inventories - (17,730) - (17,730)
Compensated absences - 655 (28,124) (27,469)
OPEB items - 4,075 - 4,075
Vouchers payable - 170,453 41,883 212,336
Interfund payable 131,287 (136,389) (3,227,230) (3,232,332)
Claims payable - - (751,900) (751,900)
Net Cash from Operating Activities 421,236	$ -	$ (1,000,000)	$ (578,764)	$
Noncash investing, capital, and related
financing activities
Capital assets acquired through vouchers
and retainage payable 251,898	$ -	$ -	$ 251,898	$
(See independent auditor's report.)
- 131 -

-- 169 of 202 --

COMPONENT UNIT - PUBLIC LIBRARY

-- 170 of 202 --

CITY OF EVANSTON LIBRARY COMPONENT UNIT
EVANSTON, ILLINOIS
Combining Balance Sheet/Statement of Net Position
December 31, 2021
Permanent Capital Statement of
Operating Endowment Improvement Debt Service Total Adjustments Net Position
Assets
Cash and investments 3,494,922	$ 5,337,662	$ 897,739	$ 1,145	$ 9,731,468	$ -	$ 9,731,468	$
Property taxes receivable 7,252,000 - - 506,625 7,758,625 - 7,758,625
Other receivables 76,324 - - - 76,324 - 76,324
Due from primary government 70,303 - - - 70,303 - 70,303
Net pension asset - IMRF - - - - - 3,022,763 3,022,763
Capital assets not being depreciated - - - - - 311,380 311,380
Capital assets net of accumulated depreciation - - - - - 10,410,421 10,410,421
Total Assets 10,893,549 5,337,662 897,739 507,770 17,636,720 13,744,564 31,381,284
Deferred Outflows of Resources
Pension items - IMRF - - - - - 520,101 520,101
OPEB items - - - - - 76,840 76,840
Total Deferred Outflows of Resources - - - - - 596,941 596,941
Total Assets and Deferred Outflows of Resources 10,893,549	$ 5,337,662	$ 897,739	$ 507,770	$ 17,636,720	$ 14,341,505	$ 31,978,225	$
Liabilities, Deferred Inflows of Resources,
and Fund Balance/Net Position
Current Liabilities
Accounts payable 192,355	$ -	$ 19,613	$ -	$ 211,968	$ -	$ 211,968	$
Accrued interest - - - - - 20,160 20,160
Total Current Liabilities 192,355 - 19,613 - 211,968 20,160 232,128
Noncurrent Liabilities
Due within one year - - - - - 362,393 362,393
Due in more than one year - - - - - 6,996,380 6,996,380
Total Noncurrent Liabilities - - - - - 7,358,773 7,358,773
Total Liabilities 192,355 - 19,613 - 211,968 7,378,933 7,590,901
Deferred Inflows of Resources
Pension items - IMRF - - - - - 2,710,498 2,710,498
OPEB items - - - - - 54,272 54,272
Unavailable property taxes 7,181,577 - - 506,625 7,688,202 - 7,688,202
Total Deferred Inflows of Resources 7,181,577 - - 506,625 7,688,202 2,764,770 10,452,972
Total Liabilities and Deferred Inflows of Resources 7,373,932 - 19,613 506,625 7,900,170 10,143,703 18,043,873
Fund Balances/Net Position
Net investment in capital assets - - - - - 4,193,203 4,193,203
Restricted for debt service - - - 1,145 1,145 - 1,145
Restricted for capital improvements - - 878,126 - 878,126 - 878,126
Restricted for endowment - 5,337,662 - - 5,337,662 - 5,337,662
Unassigned/unrestricted 3,519,617 - - - 3,519,617 4,599 3,524,216
Total Fund Balances/Net Position 3,519,617 5,337,662 878,126 1,145 9,736,550 4,197,802 13,934,352
Total Liabilities, Deferred Inflows,
and Fund Balances/Net Position 10,893,549	$ 5,337,662	$ 897,739	$ 507,770	$ 17,636,720	$ 14,341,505	$ 31,978,225	$
(See independent auditor's report.)
- 132 -

-- 171 of 202 --

CITY OF EVANSTON LIBRARY COMPONENT UNIT
EVANSTON, ILLINOIS
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances/Statement of Activities
Governmental Fund
For Fiscal Year Ended December 31, 2021
Permanent Capital Statement of
Operating Endowment Improvement Debt Service Total Adjustments Activities
Revenues
Property taxes 7,369,039	$ -	$ -	$ 482,243	$ 7,851,282	$ -	$ 7,851,282	$
Intergovernmental
Grant revenue 409,954 - - - 409,954 - 409,954
Charges for services 42,817 - - - 42,817 - 42,817
Other
Investment income (7,004) 718,174 - - 711,170 - 711,170
Donations 440,675 - - - 440,675 - 440,675
Miscellaneous 15,222 - - - 15,222 - 15,222
Total Revenues 8,270,703 718,174 - 482,243 9,471,120 - 9,471,120
Expenditures
Current
Community services 7,895,926 - - - 7,895,926 (188,936) 7,706,990
Capital Outlay - - 405,832 - 405,832 (405,832) -
Debt Service
Principal - - - 232,343 232,343 (232,343) -
Interest and fiscal charges - - - 249,900 249,900 (26,239) 223,661
Total Expenditures 7,895,926 - 405,832 482,243 8,784,001 (853,350) 7,930,651
Excess (Deficiency) or Revenues
Over Expenditures 374,777 718,174 (405,832) - 687,119 853,350 1,540,469
Other Financing Sources (Uses)
Transfer in 250,000 - - - 250,000 (250,000) -
Transfer (out) - (250,000) - - (250,000) 250,000 -
Total Other Financing Sources (Uses) 250,000 (250,000) - - - - -
Change in Fund Balance/Net Position 624,777 468,174 (405,832) - 687,119 853,350 1,540,469
Fund Balances/Net Position
Beginning of Year 2,894,840 4,869,488 1,283,958 1,145 9,049,431 3,344,452 12,393,883
End of Year 3,519,617	$ 5,337,662	$ 878,126	$ 1,145	$ 9,736,550	$ 4,197,802	$ 13,934,352	$
(See independent auditor's report.)
- 133 -

-- 172 of 202 --

CITY OF EVANSTON LIBRARY COMPONENT UNIT
EVANSTON, ILLINOIS
Library Operating Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual
For the Fiscal Year Ended December 31, 2021
Original and
Final Budget Actual Variance
Taxes
Property taxes 7,252,000	$ 7,369,039	$ 117,039	$
Intergovernmental
Grant revenue 403,000 409,954 6,954
Charges for services 62,224 42,817 (19,407)
Other
Investment income 15,000 (7,004) (22,004)
Donations 390,000 440,675 50,675
Miscellaneous 10,000 15,222 5,222
Total Revenues 8,132,224 8,270,703 138,479
General management and support 8,331,744 7,895,926 (435,818)
Total Expenditures 8,331,744 7,895,926 (435,818)
Excess (Deficiency) of Revenues
Over Expenditures (199,520) 374,777 574,297
Transfers in 209,000 250,000 41,000
Total Other Financing Sources (Uses) 209,000 250,000 41,000
Net Changes in Fund Balances 9,480	$ 624,777 615,297	$
Fund Balances
Beginning of Year 2,894,840
End of Year 3,519,617	$
Revenues
Expenditures
Other Financing Sources (Uses)
(See independent auditor's report.)
- 134 -

-- 173 of 202 --

STATISTICAL SECTION
This part of the City of Evanston, Illinois’ annual comprehensive financial report presents
detailed information as a context for understanding what the information in the financial
statements, note disclosures, and required supplementary information displays about the City’s
overall financial health.
Contents Page(s)
Financial Trends
These schedules contain trend information to help the reader understand
how the City’s financial performance and well-being have been changed
over time. 134-143
Revenue Capacity
These schedules contain information to help the reader assess the City’s
most significant local revenue source, the property tax. 144-146
Debt Capacity
These schedules present information to help the reader assess the
affordability of the City’s current levels of outstanding debt and the City’s
ability to issue additional debt in the future. 147-152
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the
reader understand the environment within which the City’s financial
activities take place. 153-154
Operating Information
These schedules contain service and infrastructure data to help the reader
understand how the information in the City’s financial report relates to the
services the City provides and the activities it performs. 155-159
Sources: Unless otherwise noted, the information in these schedules is derived from the annual
comprehensive financial reports for the relevant year.

-- 174 of 202 --

CITY OF EVANSTON, ILLINOIS
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
2012 2013 2014 2015*
Governmental Activities
Net investment in capital assets 60,105	$ 47,214	$ 46,633	$ 47,953	$
Restricted 31,754 24,720 25,446 16,409
Unrestricted (23,729) (13,846) (11,436) (136,007)
Total Governmental Activities Net Position 68,130	$ 58,088	$ 60,643	$ (71,645)	$
Business-Type Activities
Net investment in capital assets 228,738	$ 239,243	$ 246,382	$ 255,622	$
Restricted 710 712 649 -
Unrestricted 26,363 25,484 23,563 22,785
Total Business-Type Activities Net Position 255,811	$ 265,439	$ 270,594	$ 278,407	$
Primary Government
Net investment in capital assets 288,843	$ 286,457	$ 293,015	$ 303,575	$
Restricted 32,464 25,432 26,095 16,409
Unrestricted 2,634 11,638 12,127 (113,222)
Total Primary Government Net Position 323,941	$ 323,527	$ 331,237	$ 206,762	$
Source: City Finance Division
* The City implemented GASB Statement No. 68 which resulted in a decrease in unrestricted net position.
** The City implemented GASB Statement No. 75 which resulted in a decrease in unrestricted net position.
- 135 -

-- 175 of 202 --

2016 2017 2018** 2019 2020 2021
51,588	$ 51,575	$ 52,536	$ 53,784	$ 65,388	$ 69,636	$
18,523 11,990 8,708 15,554 19,843 23,472
(170,270) (164,614) (194,435) (181,451) (199,044) (164,859)
(100,159)	$ (101,049)	$ (133,191)	$ (112,113)	$ (113,813)	$ (71,751)	$
268,851	$ 278,446	$ 283,981	$ 289,023	$ 284,516	$ 289,165	$
- - - - - -
18,928 14,249 11,896 9,883 16,150 20,315
287,779	$ 292,695	$ 295,877	$ 298,906	$ 300,666	$ 309,480	$
320,439	$ 330,021	$ 336,517	$ 342,807	$ 349,904	$ 358,801	$
18,523 11,990 8,708 15,554 19,843 23,472
(151,342) (150,365) (182,539) (171,568) (182,894) (144,544)
187,620	$ 191,646	$ 162,686	$ 186,793	$ 186,853	$ 237,729	$
- 136 -

-- 176 of 202 --

CITY OF EVANSTON, ILLINOIS
Changes in Net Position
Last Ten Fiscal Years
(amounts expressed in thousands)
2012 2013 2014 2015
Expenses
Governmental Activities
General management and support 22,508	$ 18,892	$ 13,811	$ 12,493	$
Public safety 52,740 57,090 58,795 57,443
Public works 11,099 13,782 25,825 20,011
Health and human resource development 3,200 3,601 3,837 2,911
Recreational and cultural opportunities 17,438 16,433 9,358 14,794
Housing and economic development 19,101 11,123 12,443 10,532
Interest 1,786 377 3,919 3,757
Total Governmental Activities Expenses 127,872 121,298 127,988 121,941
Business-Type Activities
Water 10,172 11,193 11,977 10,748
Sewer 7,872 7,649 7,293 6,608
Solid waste 4,612 4,732 4,856 5,150
Motor vehicle parking system 8,297 8,369 7,856 7,862
Total Business-Type Activities Expenses 30,953 31,943 31,982 30,368
Total Primary Government Expenses 158,825	$ 153,241	$ 159,970	$ 152,309	$
Program Revenues
Governmental Activities
Charges for services
General management and support 9,478	$ 8,917	$ 9,374	$ 8,629	$
Culture and recreation 9,934 5,236 5,360 5,572
Other activities 11,349 12,179 15,253 11,268
Operating grants and contributions 13,453 10,102 7,151 5,535
Capital grants and contributions 2,017 2,956 501 275
Total Governmental Activities Program Revenues 46,231 39,390 37,639 31,279
Business-Type Activities
Charges for services
Water 14,967 14,658 15,052 15,722
Sewer 14,115 13,510 12,785 12,511
Solid waste 3,490 3,651 3,971 4,004
Motor vehicle parking system 6,663 6,255 6,080 6,164
Operating grants and contributions 395 939 15 -
Capital grants and contributions - - - -
Total Business-Type Activities Program Revenues 39,630 39,013 37,903 38,401
Total Primary Government Program Revenues 85,861	$ 78,403	$ 75,542	$ 69,680	$
Net (Expense)/Revenue
Governmental Activities (81,641)	$ (81,908)	$ (90,349)	$ (90,662)	$
Business-Type Activities 8,677 7,070 5,921 8,033
Total Primary Government Net Expense (72,964)	$ (74,838)	$ (84,428)	$ (82,629)	$
- 137 -

-- 177 of 202 --

2016 2017 2018 2019 2020 2021
18,163	$ 20,890	$ 20,016	$ 19,444	$ 18,630	$ 19,041	$
55,625 61,191 80,789 56,755 83,015 58,842
13,668 24,793 22,718 26,584 18,573 16,861
3,319 3,354 3,455 2,895 3,719 3,970
14,380 14,744 14,061 11,081 1,326 9,148
21,063 7,023 9,129 6,907 20,992 11,046
3,779 3,354 4,683 5,454 5,252 4,430
129,997 135,349 154,851 129,120 151,507 123,338
11,450 12,239 12,964 12,880 13,612 14,562
6,683 6,540 6,735 6,492 6,795 6,706
4,967 4,907 4,852 5,079 5,316 5,476
8,532 8,575 9,321 9,585 8,982 8,395
31,632 32,261 33,872 34,036 34,705 35,139
161,629	$ 167,610	$ 188,723	$ 163,156	$ 186,212	$ 158,477	$
10,094	$ 8,145	$ 8,985	$ 8,768	$ 7,267	$ 8,736	$
5,560 5,669 6,037 6,119 4,831 6,080
15,739 12,712 11,945 10,917 12,200 12,090
6,809 5,931 5,244 5,775 9,672 10,067
368 325 125 8,630 2,971 4,275
38,570 32,782 32,336 40,209 36,941 41,248
16,419 17,588 15,642 17,789 23,934 20,900
13,049 12,478 11,920 10,780 10,242 10,374
4,031 4,061 4,083 4,668 4,618 4,969
6,688 6,530 6,621 10,640 7,289 8,090
38,400 - - - - -
- - - - 383 -
78,587 40,657 38,266 43,877 46,466 44,333
117,157	$ 73,439	$ 70,602	$ 84,086	$ 83,407	$ 85,581	$
(91,427)	$ (102,567)	$ (122,515)	$ (88,911)	$ (114,566)	$ (82,090)	$
46,955 8,396 4,394 9,841 11,761 9,194
(44,472)	$ (94,171)	$ (118,121)	$ (79,070)	$ (102,805)	$ (72,896)	$
- 138 -

-- 178 of 202 --

CITY OF EVANSTON, ILLINOIS
Changes in Net Position
Last Ten Fiscal Years
(amounts expressed in thousands)
2012 2013 2014 2015
General Revenues and Other Changes in
Net Position
Governmental Activities
Taxes
Property taxes 47,874	$ 46,349	$ 48,579	$ 45,840	$
Sales taxes 15,888 16,965 17,362 17,758
Intergovernmental - - - -
Investment earnings 398 79 (258) 30
Miscellaneous 25,348 27,369 26,612 30,950
Transfers (4,926) (2,586) 610 631
Total Governmental Activities 84,582 88,176 92,905 95,209
Business-Type Activities
Property taxes - - - -
Investment earnings 34 33 (156) 27
Gains on sale of capital assets - - - -
Miscellaneous - (61) - 301
Transfers 4,926 2,586 (610) (631)
Total Business-Type Activities 4,960 2,558 (766) (303)
Changes in Net Position
Governmental Activities 2,941 6,268 2,556 4,547
Business-Type Activities 13,637 9,628 5,155 7,730
Total Primary Government 16,578	$ 15,896	$ 7,711	$ 12,277	$
Source: City Finance Division
- 139 -

-- 179 of 202 --

2016 2017 2018 2019 2020 2021
45,610	$ 46,563	$ 47,102	$ 44,163	$ 51,655	$ 53,269	$
17,932 16,071 16,963 16,905 16,445 21,497
- - - - - 4,800
118 235 778 1,669 423 74
33,217 35,011 38,786 39,051 34,123 42,242
434 3,797 1,480 8,203 10,219 2,270
97,311 101,677 105,109 109,991 112,865 124,152
- - 410 820 1,333 1,333
59 114 234 565 140 (39)
- - - 7 - 217
(245) 203 - - - 379
(434) (3,797) (1,480) (8,203) (10,219) (2,270)
(620) (3,480) (836) (6,811) (8,746) (380)
5,884 (890) (17,406) 21,080 (1,701) 42,062
46,335 4,916 3,558 3,030 3,015 8,814
52,219	$ 4,026	$ (13,848)	$ 24,110	$ 1,314	$ 50,876	$
- 140 -

-- 180 of 202 --

CITY OF EVANSTON, ILLINOIS
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(amounts expressed in thousands)
2012 2013 2014 2015
General Fund
Nonspendable -	$ -	$ -	$ 118	$
Assigned 6,848 6,362 5,347 5,672
Unassigned 10,186 10,001 9,636 4,914
Total General Fund 17,034	$ 16,363	$ 14,983	$ 10,586	$
All Other Governmental Funds
Nonspendable -	$ 407	$ 1,430	$ 2,158	$
Restricted 32,431 25,359 26,003 16,409
Committed 2,150 3,507 3,540 2,556
Assigned 5,307 8,372 10,467 5,517
Unassigned 1,105 (149) (153) (221)
Total All Other Governmental Funds 40,993	$ 37,496	$ 41,287	$ 26,419	$
Source: City Finance Division
- 141 -

-- 181 of 202 --

2016 2017 2018 2019 2020 2021
-	$ 300	$ 310	$ 415	$ 220	$ 125	$
5,046 4,180 4,303 4,330 1,573 1,807
6,622 8,868 9,242 11,145 16,882 31,739
11,668	$ 13,348	$ 13,855	$ 15,890	$ 18,675	$ 33,671	$
-	$ -	$ -	$ -	$ -	$ -	$
18,523 11,418 25,651 15,933 19,457 27,151
2,996 - - - - -
7,668 12,301 17,065 20,306 13,324 12,910
(252) (204) (227) (226) (215) (207)
28,935	$ 23,515	$ 42,489	$ 36,013	$ 32,566	$ 39,854	$
- 142 -

-- 182 of 202 --

CITY OF EVANSTON, ILLINOIS
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(amounts expressed in thousands)
2012 2013 2014 2015
Revenues
Taxes 79,331	$ 78,254	$ 77,933	$ 75,747	$
Licenses, fees, and permits 10,470 10,617 14,503 12,184
Special assessments 293 275 167 8,312
Intergovernmental 29,252 27,844 24,300 3,554
Charges for services 7,763 7,723 7,793 23,834
Fines and penalties 3,470 3,449 3,358 148
Investment earnings 397 94 89 30
Other revenues 2,915 1,906 1,791 1,722
Total Revenues 133,891 130,162 129,934 125,531
Expenditures
General management and support 18,532 17,611 13,314 13,444
Public safety 54,611 56,431 59,425 59,654
Public works 9,380 11,982 19,821 19,815
Health and human development 3,200 3,601 3,837 3,141
Recreation and cultural opportunities 14,309 14,775 10,524 11,087
Housing and economic development 19,095 11,305 9,348 13,292
Capital outlay 8,523 5,948 6,286 9,151
Debt service
Principal 13,055 34,259 10,040 20,833
Interest 5,175 4,996 4,411 4,413
Fiscal agent fees 76 127 43 16
Total Governmental Activities Expenditure 145,956 161,035 137,049 154,846
Net (Expense)/Revenue
Governmental Activities (12,065) (30,873) (7,115) (29,315)
Other Financing Sources (Uses)
Proceeds from borrowing 12,618	$ 34,982	$ 9,989	$ 22,377	$
Payment to escrow agent - - - -
Transfers in 9,271 8,182 9,202 10,308
Transfers (out) (14,668) (11,879) (9,665) (9,315)
Total Other Financing Sources (Uses) 7,221 31,285 9,526 23,370
Net Changes in Fund Balance (4,844)	$ 412	$ 2,411	$ (5,945)	$
Debt Service as a Percentage of
Noncapital Expenditures 13.32% 25.31% 11.05% 17.33%
Source: City Finance Division
- 143 -

-- 183 of 202 --

2016 2017 2018 2019 2020 2021
76,047	$ 78,157	$ 81,281	$ 78,645	$ 82,567	$ 92,738	$
17,933 13,358 11,664 10,012 11,853 11,033
169 260 199 230 185 109
24,886 22,627 23,004 25,278 27,592 38,587
8,791 8,713 10,053 8,925 7,879 10,762
3,612 3,468 3,765 5,108 2,983 3,644
118 235 778 1,669 423 74
3,892 3,843 5,220 12,130 6,105 6,184
135,448 130,661 135,964 141,997 139,587 163,131
17,064 18,152 18,330 19,206 18,767 19,708
62,252 64,347 65,533 65,821 66,970 67,159
13,477 14,041 22,069 15,848 18,787 20,930
3,021 3,111 3,142 2,989 3,749 4,473
11,894 12,371 12,789 12,247 9,351 11,036
10,477 7,225 9,006 6,567 9,043 10,372
9,953 14,953 11,399 39,796 12,389 2,480
19,661 24,253 17,557 10,166 9,988 9,311
4,276 4,040 4,536 5,749 5,643 5,604
14 2 537 274 214 172
152,089 162,495 164,898 178,663 154,901 151,245
(16,641) (31,834) (28,934) (36,666) (15,314) 11,886
19,652	$ 26,558	$ 46,892	$ 23,976	$ 18,576	$ 12,954	$
- - - - (12,143.00) (3,975)
16,011 17,428 20,698 14,405 15,633 10,831
(15,542) (15,893) (19,174) (6,156) (7,414) (9,411)
20,121 28,093 48,416 32,225 14,652 10,399
3,480	$ (3,741)	$ 19,482	$ (4,441)	$ (662)	$ 22,285	$
17.62% 19.18% 14.39% 11.62% 11.40% 10.45%
- 144 -

-- 184 of 202 --

CITY OF EVANSTON, ILLINOIS
Equalized Assessed Value and Actual Value of Taxable Property
Last Ten Levy Years
Levy Total Total Total
Year Residential Farm Commercial Industrial Railroad Equalized Actual Tax
Ended Property Property Property Property Property Assessed Value Value Rate
2011 2,100,690,657	$ 15,956	$ 513,880,731	$ 111,899,205	$ 881,024	$ 2,727,367,573	$ 8,182,102,719	$ 1.591	$
2012 1,944,932,067 15,956 462,671,239 106,007,084 995,206 2,514,621,552 7,543,864,656 1.551
2013 1,653,524,481 15,956 452,108,891 94,820,879 1,226,831 2,201,697,038 6,605,091,114 1.760
2014 1,792,383,435 15,467 416,165,953 34,726,327 1,278,793 2,244,569,975 6,733,709,925 1.766
2015 1,751,252,888 15,467 410,670,248 32,549,681 1,533,241 2,196,021,525 6,588,064,575 1.762
2016 2,151,672,082 15,467 483,830,858 33,333,491 1,559,871 2,670,411,769 8,011,235,307 1.501
2017 2,178,182,897 15,467 527,589,667 32,680,857 1,591,232 2,740,060,120 8,220,180,360 1.490
2018 2,150,065,734 15,467 537,739,734 31,050,996 1,708,983 2,720,580,914 8,161,742,742 1.570
2019 2,653,214,356 15,467 742,361,383 34,692,634 1,864,707 3,432,148,547 10,296,445,641 1.413
2020 2,686,706,545 15,467 735,655,726 37,326,126 1,943,606 3,461,647,470 10,384,942,410 1.452
Source: Illinois Department of Revenue and Cook County Clerk's Office
Note: Property is reassessed once every three years. Equalized Assessed value is approximately 1/3 of actual value. Tax rates are per $100 of equalized
assessed value.
- 145 -

-- 185 of 202 --

CITY OF EVANSTON, ILLINOIS
Principal Property Taxpayers
Current Year and Nine Years Ago
Percentage Percentage
Total of Total City Total of Total City
Equalized Assessed Taxable Equalized Assessed Taxable
Tax Payer Value (EAV) Rank EAV Tax Payer Value (EAV) Rank EAV
Orrington TT LLC Golub 37,978,079	$ 1 1.10% Grubb & Ellis 23,750,814	$ 1 0.87%
Rotary International 35,014,969 2 1.01% Rotary International 19,957,955 2 0.73%
FSP 909 Davis Street 32,405,466 3 0.94% Lowe Enterprises 19,687,132 3 0.72%
Mccaffery Interests 22,345,402 4 0.65% Church Street Plaza 17,812,119 4 0.65%
TIAA PK Evanston INC 17,371,944 5 0.50% NNN Church Street Office Center 13,041,620 5 0.48%
FDS/David Alperstein 17,340,599 6 0.50% Evanston Hotel Assoc. 11,605,700 6 0.43%
1890 Maple LLC 16,939,921 7 0.49% Inland 10,956,173 7 0.40%
MB Sherman Highlands 16,302,742 8 0.47% Church & Chicago Limited Partnership 10,825,746 8 0.40%
500 Davis Owner LLC 15,611,816 9 0.45% Northshore University Healthcare 10,417,651 9 0.38%
Azzurri of Evanston 14,300,176 10 0.41% Paradigm Tax Group 9,005,460 10 0.33%
Total 225,611,114	$ 6.52% Total 147,060,370	$ 5.39%
Total EAV 3,461,647,470	$ Total EAV 2,727,367,573	$
Source: Cook County
2020 Levy 2011 Levy
- 146 -

-- 186 of 202 --

CITY OF EVANSTON, ILLINOIS
Property Tax Levies and Collections
Last Ten Levy Years
Tax Taxes Levied Collected Receipts Collections Total Collected to Date
Levy for the Percentage in Subsequent Percentage
Year Fiscal Year Amount of Levy Years Amount of Levy
2011 43,397,590	$ 42,064,756	$ 96.93% 348,189	$ 42,412,945	$ 97.73%
2012 43,330,121 41,776,375 96.41% 559,130 42,335,505 97.70%
2013 43,869,798 42,762,685 97.48% 338,420 43,101,105 98.25%
2014 45,557,079 44,280,493 97.20% 270,619 44,551,112 97.79%
2015 46,394,914 44,974,845 96.94% 205,607 45,180,452 97.38%
2016 47,538,529 46,723,672 98.29% 97,249 46,820,921 98.49%
2017 48,161,247 46,866,198 97.31% 197,415 47,063,613 97.72%
2018 49,712,625 49,032,839 98.63% 217,133 49,249,972 99.07%
2019 55,139,563 54,616,777 99.05% 186,248 54,803,025 99.39%
2020 55,711,545 55,836,792 100.22% 538,227 56,375,019 101.19%
2021 55,711,545 See Note See Note See Note See Note See Note
Note: Levy Year 2021 is collected through December 31, 2022
Source: City Finance Division
- 147 -

-- 187 of 202 --

CITY OF EVANSTON, ILLINOIS
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
(2) Net
Gross (3) General
(1) General Debt Debt Net Debt to Debt to Obligation
Fiscal Equalized Obligation Service Payable General Total Equalized Total Bonded
Year Assessed Bonded Monies From Other Obligation Personal Assessed Personal Debt
Ended Population Valuation Debt Available Revenues Debt Income Valuation Income Per Capita
2011 74,486 3,041,884,087	$ 162,107,740	$ 2,629,020	$ 47,111,060	$ 112,367,660	$ 3,197,311,550	$ 5.33% 5.07% 1,508.57	$
2012 74,486 2,727,367,573 155,931,041 16,085,747 44,899,176 94,946,118 3,176,902,386 5.72% 4.91% 1,274.68
2013 74,619 2,514,621,552 153,460,742 12,520,761 40,042,921 100,897,060 3,113,477,775 6.10% 4.93% 1,352.16
2014 75,570 2,201,697,038 150,421,841 12,209,139 34,614,357 103,598,345 3,262,734,750 6.83% 4.61% 1,370.89
2015 75,570 2,244,569,975 149,352,238 438,453 37,651,325 111,262,460 3,124,063,800 6.65% 4.78% 1,472.31
2016 75,603 2,196,021,525 147,017,512 745,997 34,547,933 111,723,582 3,235,052,370 6.69% 4.54% 1,477.77
2017 75,472 2,670,411,769 148,627,212 241,781 37,104,152 111,281,279 3,316,617,040 5.57% 4.48% 1,474.47
2018 75,557 2,740,060,120 178,238,427 417,987 39,701,503 138,118,937 3,472,297,492 6.50% 5.13% 1,828.01
2019 73,473 2,720,580,914 195,456,220 417,431 42,263,176 152,775,613 3,800,243,979 7.18% 5.14% 2,079.34
2020 73,473 3,432,148,547 199,878,623 6,389,067 38,634,626 154,854,930 3,800,243,979 5.82% 5.26% 2,107.64
2021 78,110 3,461,647,470 196,907,459 8,675,881 37,196,303 151,035,275 4,193,335,350 5.69% 4.70% 1,933.62
Notes: (1)
(2) Excludes limited purpose special service district bonds.
(3)
(4) 2021 data not available for Personal Income or Census Data, so 2020 data was used.
Source: Cook County and City Finance Division
Equalized assessed values do not include tax increment financing district incremental equalized assessed values.
These amounts include the general obligation bonds that are being repaid from the Water Fund, Solid Waste Fund, Sewer Fund, Motor Vehicle Parking System Fund, Howard
Hartrey Tax Increment District, Washington National Tax Increment District, and Special Assessment Fund.
- 148 -

-- 188 of 202 --

CITY OF EVANSTON, ILLINOIS
Ratio of Outstanding Debt by Type
Last Ten Fiscal Years
(2)
Fiscal General Special General Water Total Percentage (1)
Year Obligation Service District Obligation Revenue IEPA Primary of Personal Per
Ended Bonds Bonds Capital Lease Bonds Bonds Loans Government Income Capita
2011 124,347,790	$ 1,840,000	$ -	$ 35,919,950	$ 1,170,000	$ 79,081,272	$ 242,359,012	$ 7.58% 3,195	$
2012 120,388,381 1,515,000 - 34,027,660 595,000 70,375,368 226,901,409 7.14% 3,022
2013 120,915,723 1,175,000 - 31,370,019 305,000 64,658,382 218,424,124 7.02% 2,890
2014 119,060,744 795,000 - 30,566,097 - 58,412,659 208,834,500 6.40% 2,763
2015 117,035,540 405,000 - 31,911,608 - 51,901,172 201,253,320 6.44% 2,673
2016 116,091,162 - - 30,926,350 - 45,256,237 192,273,749 5.94% 2,543
2017 122,151,162 - - 26,476,050 - 40,328,108 188,955,320 5.70% 2,504
2018 151,056,754 - - 27,182,674 - 34,921,821 213,161,249 6.14% 2,821
2019 164,873,935 - - 30,582,285 - 40,691,551 236,147,771 6.21% 3,125
2020 161,243,997 - - 38,634,626 - 43,407,478 243,286,101 5.80% 3,214
2021 159,711,156 - - 37,196,303 - 40,272,232 237,179,691 5.66% 3,036
Notes: (1)
(2)
(3) 2021 Data Not Available
Source: City Finance Division
Governmental Activities Business- Type Activities
See the Schedule of Demographics and Economic Statistics for personal income and population data.
Details regarding the City's outstanding debt can be found in the notes to the financial statements.
- 149 -

-- 189 of 202 --

Percentage
of Debt The City's
Total Applicable Share of Debt
Outstanding to the City (1)
Direct debt - bonds, notes, and
contracts outstanding 392,726,923	$ 100.00% 392,726,923	$
Other bonded debt by taxing body
High School District 202 23,365,000 91.55% 21,390,205
School District 65 64,886,167 91.55% 59,402,030
Community College District 535 47,200,000 13.44% 6,343,617
Cook County 2,596,351,750 2.06% 53,357,003
Cook County Forest Preserve District 122,255,000 2.06% 2,512,433
Metropolitan Water Reclamation District 2,181,154,590 2.09% 45,606,613
Skokie Park District 19,819,679 0.84% 166,008
Total Overlapping Debt 5,055,032,186 188,777,908
Total Direct and Overlapping Debt 5,447,759,109	$ 581,504,831	$
(Less Debt Supported by Other Sources)
Note: Overlapping debt calculated based on the pro rata EAV.
Source: Bonds Statement
CITY OF EVANSTON, ILLINOIS
Direct and Overlapping Governmental Activities Debt
As of December 31, 2021
- 150 -

-- 190 of 202 --

The City is a home rule municipality.
To date, the Illinois General Assembly has set no limits for home rule municipalities.
CITY OF EVANSTON, ILLINOIS
Legal Debt Margin
December 31, 2021
Chapter 65, Section 5/8-5-1 of the Illinois Compiled Statutes governs computation of the legal debt margin.
“The General Assembly may limit by law the amount and require referendum approval of debt to be
incurred by home rule municipalities, payable from ad valorem property tax receipts, only in excess of
the following percentages of the assessed value of its taxable property...(2) if its population is more than
25,000 and less than 500,000 an aggregate of one percent...indebtedness which is outstanding on the
effective date (July 1, 1971) of this constitution or which is thereafter approved by referendum...shall
not be included in the foregoing percentage amounts.”
- 151 -

-- 191 of 202 --

CITY OF EVANSTON, ILLINOIS
Pledged-Revenue Coverage
Last Ten Fiscal Years
Utility Less: Net
Fiscal Year Service Operating Available
Ended Charges Expenses Resources Principal Interest Coverage
2011 12,368,533	$ 6,146,652	$ 6,221,881	$ -	$ 24,672	$ 252.18	$
2012 14,967,204 8,430,599 6,536,605 575,000 37,687 10.67
2013 14,657,748 8,175,707 6,482,041 290,000 19,688 20.93
2014 15,051,732 7,938,838 7,112,894 305,000 6,672 22.82
2015 NA NA NA - - NA
2016 NA NA NA - - NA
2017 NA NA NA - - NA
2018 NA NA NA - - NA
2019 NA NA NA - - NA
2020 NA NA NA - - NA
2021 NA NA NA - - NA
The City has no revenue bonds outstanding after December 31, 2014.
Source: Various City departments
Water Revenue Bonds
Debt Service
Note: Detail regarding the City's outstanding debt can be found in the notes to the financial statements.
Operating expenses do not include interest, depreciation, or amortization expense.
*
- 152 -

-- 192 of 202 --

CITY OF EVANSTON, ILLINOIS
Principal Employers
Current Year and Nine Years Ago
Employer Employees % Rank Employer Employees % Rank
Northwestern University 6,500 38% 1 Northwestern University 10,858 51% 1
Northshore University Health System 4,790 28% 2 Evanston Northwestern Healthcare 4,377 21% 2
Evanston School District 65 1,511 9% 3 Evanston School District 65 1,550 7% 3
City of Evanston 776 5% 5 St. Francis Hospital 1,176 6% 4
Presence Saint Francis Hospital 800 5% 4 City of Evanston 828 4% 5
School District 202 635 4% 6 Presbyterian Homes/McGaw Care 622 3% 6
Rotary International 549 3% 7 School district 202 544 3% 7
ZS Associates 517 3% 8 Rotary International 535 3% 8
West Minster Pl., McGaw Care Center 455 3% 9 Jewel/Osco Food Stores 418 2% 9
C.E. Neifhoff & Co. 384 2% 10 C.E. Neihoff & Co 415 2% 10
Total 16,917 Total 21,323
Source: City Economic Development Division
2021 2012
- 153 -

-- 193 of 202 --

CITY OF EVANSTON, ILLINOIS
Demographic and Economic Statistics
Last Ten Years
Per Education
Total Capita % of Population
Calendar Personal Personal Median with HS Diploma School Unemployment
Year Population Income Income Age or Higher Enrollment Rate
2011 74,486 3,197,311,550	$ 42,925	$ 34.3 94.0% 11,369 7.3%
2012 74,486 3,176,902,386 42,651 35.1 93.6% 11,418 6.8%
2013 74,619 3,113,477,775 41,725 34.4 93.9% 10,293 6.7%
2014 75,570 3,262,734,750 43,175 34.4 93.9% 10,429 4.2%
2015 75,570 3,124,063,800 41,340 34.4 93.9% 11,088 4.5%
2016 75,603 3,235,052,370 42,790 35.2 94.0% 12,104 4.3%
2017 75,472 3,316,617,040 43,945 35.3 94.0% 12,026 3.9%
2018 75,557 3,472,297,492 45,956 36.0 93.4% 10,899 3.1%
2019 73,473 3,800,243,979 51,723 35.1 99.7% 11,601 3.7%
2020 78,110 4,193,335,350 53,685 36.2 94.2% 11,132 3.7%
Note: 2021 data not available
- 154 -

-- 194 of 202 --

CITY OF EVANSTON, ILLINOIS
Full-Time Equivalent City Government Employees by Function
Last Ten Fiscal Years
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Function/Program
General Government
City Clerk 2.80 2.20 2.20 2.00 2.00 2.00 1.00 2.00 1.00 2.00
City Manager's Office 12.00 12.00 14.00 13.00 28.50 32.00 30.00 27.50 28.50 28.50
Legal 7.00 8.00 7.00 8.00 8.00 4.50 4.50 4.50 4.50 4.50
Administrative Services 68.30 59.00 49.00 51.00 57.20 57.70 55.70 53.10 54.10 54.50
Community Development 27.00 24.00 21.00 19.00 21.50 26.25 22.00 23.50 25.75 30.15
Police 225.00 220.00 227.00 227.00 225.50 225.80 220.00 217.00 216.00 201.00
Fire 110.00 106.00 110.00 110.00 110.00 110.00 110.00 110.00 110.00 110.00
Human and Health Services 17.70 20.00 21.10 22.10 21.10 21.10 21.75 17.75 8.75 8.75
Parks and Recreation 105.21 69 69.64 74.23 77.13 78.83 76.13 75.46 69.08 69.21
Public Works 49.25 97 108.45 107.45 84.25 84.25 72.5 70.00 71.00 69.00
Total General Government 624.26 617.20 629.39 633.78 635.18 642.43 613.58 600.81 588.68 577.61
Library 56.38 63.00 63.13 66.45 66.87 73.88 71.05 69.81 78.45 78.04
Neighborhood Stabilization Program 2.00 1.00 1.31 0.50 0.45 0.3 0.15 - - -
Housing Rehabilitation - - - 1.75 1.75 1.75 1.75 1.75 1.50 1.43
- - - - - - - - 17.90 17.90
General Assistance Fund - - - 4.00 4.00 4.00 4.25 4.25 4.25 4.25
HOME Fund - - - 0.40 0.50 0.50 0.35 0.35 0.35 0.73
Emergency Telephone System 5.00 4.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 6.00
CDBG 1.53 3.00 2.60 2.60 2.80 2.50 2.75 2.90 4.40 2.90
Economic Development Fund 7.00 5.00 6.25 6.25 - - - - - -
Capital Improvements Fund - - - - - - 4.50 4.50 4.50 4.50
Parking Fund 15.50 15.50 15.50 15.50 15.50 15.50 18.00 19.00 17.00 16.50
Water 42.50 40.00 42.50 44.50 44.50 44.50 45.75 45.25 46.25 47.75
Sewer 13.00 11.00 13.33 11.33 11.33 11.33 12.25 12.25 12.25 12.75
Solid Waste 10.00 8.00 9.66 9.66 9.66 9.66 10.5 11.50 13.50 13.50
Fleet Services 12.00 10.00 12.00 12.50 12.50 12.00 9.50 9.90 9.90 10.00
Insurance Fund 4.00 4.00 5.00 5.00 5.00 5.50 5.50 5.50 5.50 5.50
Total Other Functions 168.91 164.50 176.28 185.44 179.86 186.42 191.3 191.96 220.75 221.75
Total All Funds 793.17 781.70 805.67 819.22 815.04 828.85 804.88 792.77 809.43 799.36
Source: City of Evanston HR Division
Human Services Fund
- 155 -

-- 195 of 202 --

CITY OF EVANSTON, ILLINOIS
Property Tax Rates per $100 - Direct and Overlapping Governments
Last Ten Levy Years
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
City of Evanston* 1.592 1.551 1.760 1.766 1.800 1.536 1.524 1.604 1.446 1.452
Consolidated Elections 0.025 - 0.031 - 0.034 - 0.031 - 0.030 -
Cook County 0.462 0.531 0.560 0.568 0.552 0.533 0.496 0.489 0.454 0.453
Cook County Forest Preserve District 0.058 0.063 0.069 0.069 0.069 0.063 0.062 0.060 0.059 0.058
Metropolitan Water Reclamation District 0.320 0.370 0.417 0.430 0.426 0.406 0.402 0.396 0.389 0.378
North Shore Mosquito Abatement District 0.010 0.010 0.007 0.011 0.012 0.010 0.010 0.010 0.009 0.009
Evanston Township 0.011 0.010 0.053 - - - - - - -
Community College 535 0.196 0.219 0.256 0.258 0.271 0.231 0.232 0.246 0.221 0.227
School District 202 2.061 2.308 2.689 2.659 2.792 2.332 2.329 2.462 2.024 2.072
School District 65 2.818 3.149 3.671 3.686 3.810 3.676 3.673 3.891 3.185 3.258
Total Tax Rate for Property not in Park District
or Special Service District 7.553 8.211 9.513 9.447 9.766 8.787 8.759 9.158 7.817 7.907
Percent of Total Tax Rate Levied by City of Evanston 21.08% 18.89% 18.50% 18.69% 18.43% 17.48% 17.40% 17.51% 18.50% 18.36%
*City of Evanston rate includes General Assistance beginning in 2014. Does not include Evanston Public Library.
Note: 2021 data not available
Source: Cook County Assessor's office
Government Unit
- 156 -

-- 196 of 202 --

CITY OF EVANSTON, ILLINOIS
Water Sold by Type of Customer
Last Ten Fiscal Years
(in 100 cubic feet)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Type of Customer
Residential 2,276,492	$ 2,189,588	$ 2,065,980	$ 2,098,160	$ 2,057,713	$ 2,285,759	$ 2,344,636	$ 2,208,023	$ 2,058,029	$ 2,098,289	$
Industrial 14,758 12,392 11,627 10,772 9,808 12,777 16,405 14,182 1,111,151 10,589
Commercial 1,117,431 1,105,077 1,036,034 1,045,791 1,061,080 1,115,236 1,083,414 1,154,229 815,275 925,927
Government 66,561 61,908 53,732 55,485 57,965 67,547 72,062 69,065 38,856 27,900
Total 3,475,242	$ 3,368,965	$ 3,167,373	$ 3,210,208	$ 3,186,566	$ 3,481,319	$ 3,516,517	$ 3,445,499	$ 4,023,311	$ 3,062,705	$
Total direct rate
per 100 cubic feet 1.75	$ 1.80	$ 1.98	$ 2.18	$ 2.18	$ 2.31	$ 2.47	$ 2.74	$ 2.74	$ 2.89	$
Source: City of Evanston Public Works Agency
- 157 -

-- 197 of 202 --

CITY OF EVANSTON, ILLINOIS
Water Sold by Major Customers
Last Ten Fiscal Years
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Type of Customer
Evanston residents/businesses 6,124,221	$ 5,915,560	$ 6,301,307	$ 6,975,785	$ 6,820,350	$ 7,280,260	$ 7,640,457	$ 8,235,089	$ 8,613,315	$ 8,636,384	$
Village of Skokie 2,989,109 2,772,424 2,805,425 2,854,684 2,941,912 3,651,338 5,773,487 5,572,511 2,489,520 3,491,947
Northwest Water Commission 5,033,996 5,183,425 5,074,770 5,183,391 5,695,812 5,898,670 5,963,424 5,416,394 5,549,357 5,670,328
Morton Grove and Niles - - - - - - 19,830 1,075,089 1,918,954 1,813,040
Village of Lincolnwood - - - - - - - - 352,370 509,932
Total 14,147,326	$ 13,871,409	$ 14,181,502	$ 15,013,860	$ 15,458,074	$ 16,830,268	$ 19,397,198	$ 20,299,083	$ 18,923,515	$ 20,121,631	$
Source: City Utilities Department
- 158 -

-- 198 of 202 --

CITY OF EVANSTON, ILLINOIS
Operating Indicators by Function/Programs
Last Ten Years
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Function/Program
Police
Violent offenses 230 131 97 80 130 122 140 73 88 96
Property offenses 2,078 1,980 1,959 1,872 1,681 1,777 1,708 1,979 1,481 2,453
911 calls received 44,875 42,551 44,177 46,749 42,763 38,525 36,642 39,357 38,279 40,924
Fire
Emergency responses 9,330 9,373 9,617 9,630 10,267 10,058 10,014 10,256 9,091 9,867
Fires extinguished 154 129 120 99 114 90 111 69 77 89
Inspections 640 660 740 760 760 1,267 1,275 446 728 850
EMS Responses (reported beginning 2016) - - - - 6,441 6,456 6,419 6,678 5,912 6,529
Other Public Works
Street resurfacing (estimated miles) 3.4 3.4 4.9 2.7 2.9 2.9 2.9 1.9 2.9 5.0
Parks and Recreation
Athletic field usage (hours) 16,761 16,367 16,270 15,531 27,426 22,920 24,263 22,054 8,749 17,287
Picnic permits issued 541 445 448 404 229 652 572 641 94 644
Library
Volumes in collection 426,342 400,034 401,300 481,626 534,533 540,696 514,756 562,567 535,527 424,619
Total volumes borrowed 989,638 1,056,243 1,074,972 1,071,401 1,078,653 1,039,585 1,207,419 1,191,600 699,631 1,139,779
Water
New connections 4 - 18 9 3 3 7 15 8 10
Water main breaks 66 51 70 23 28 28 32 28 29 40
Average daily consumption
(millions of gallons) 39.85 35.81 36.79 36.63 39.645 39.645 41.122 43.151 46.50 48.30
Peak daily consumption
(millions of gallons) 69.21 56.95 48.91 50.59 55.084 55.084 55.291 60.248 62.63 66.50
Note: Indicators are not available for general government functions
- 159 -

-- 199 of 202 --

CITY OF EVANSTON, ILLINOIS
Capital Assets Statistics by Function
Last Ten Years
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Function/Program
Police
Number of stations 1 1 1 1 1 1 1 1 1 1
Budgeted sworn officers 164 164 164 164 165 165 165 166 154 153
Fire Stations 5 5 5 5 5 5 5 5 5 5
Other Public Works
Streets (miles) 147 147 147 147 147 147 147 147 147 147
Streetlights 5,641 5,641 5,641 5,641 5,736 5,736 5,736 5,641 5,641 5,675
Parks and Recreation
Acreage 290 290 290 290 290 290 290 290 290 290
Playgrounds 51 51 51 51 51 51 60 60 60 60
Baseball/softball diamonds 18 18 18 18 18 18 13 16 16 16
Soccer/football fields 27 27 27 27 27 27 27 27 27 27
Community centers 5 5 5 6 6 7 7 7 7 7
Water
Water mains (miles) 157 157 157 156.4 155.6 155.6 155.8 157.5 156.2 156.0
Fire hydrants 1,399 1,399 1,477 1,484 1,490 1,490 1,508 1,511 1,501 1,522
Storage capacity (millions of gallons) 22 22 22 22 22 22 22 22 22 22
Note: No capital asset indicators are available for the general government or library function
Source: Various City departments; Budget
Source: City Finance division
- 160 -

-- 200 of 202 --

COMPLIANCE SECTION

-- 201 of 202 --

1415 West Diehl Road, Suite 400
Naperville, IL 60563
630.566.8400
INDEPENDENT ACCOUNTANT’S REPORT ON COMPLIANCE WITH
STATE OF ILLINOIS PUBLIC ACT 85-1142
The Honorable Mayor
Members of the City Council
City of Evanston, Illinois
We have examined management’s assertion that the City of Evanston, Illinois (the City), complied
with the provisions of subsection (q) of Section 11-74.4-3 of the Illinois Tax Increment
Redevelopment Allocation Act (Illinois Public Act 85-1142) during the year ended December 31,
2021. Management is responsible for the City’s assertion. Our responsibility is to express an opinion
on management’s assertion about the City’s compliance with the specific requirements based on our
examination.
Our examination was made in accordance with the standards established by the American Institute
of Public Accountants. Those standards require that we plan and perform the examination to obtain
reasonable assurance about whether management’s assertion about compliance with the specified
requirements is fairly stated, in all material respects. An examination involves performing
procedures to obtain evidence about whether management’s assertion is fairly stated, in all material
respects. The nature, timing and extent of the procedures selected depend on our judgment,
including an assessment of the risks of material misstatement of management’s assertion, whether
due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to
provide a reasonable basis for our opinion.
We are required to be independent and meet our other ethical responsibilities in accordance with
relevant ethical requirements relating to the engagement.
Our examination does not provide a legal determination on the City’s compliance with the specified
requirements.
In our opinion, management’s assertion that the City of Evanston, Illinois, complied with the
aforementioned requirements for the year ended December 31, 2021, is fairly stated in all material
respects.
Naperville, Illinois
July 6, 2022
- 161 -

-- 202 of 202 --