Comprehensive Annual Financial Report
The following files showcases Gurnee Park District's comprehensive annual financial report. Please note: This file is large and may take a few minutes to download and open.
Comprehensive Annual Financial Report for Year Ended April 30, 2023
Comprehensive Annual Financial Report for Year Ended April 30, 2022
Comprehensive Annual Financial Report for Year Ended April 30, 2021
Annual Budget
The following files showcase Gurnee Park District's annual budget as well as budget and appropriation ordinance. Please note: These files are large and may take a few minutes to download and open. Should you need a physical copy, please contact Mike Szpylman at 847-599-3747.
Budget and Appropriation Ordinance - 2023/24
Prevailing Wage Ordinance
Gurnee Park District is required to adopt and publicly post the prevailing wage ordinances every June. To view the rates, visit the Illinois Department of Labor website.
Open Meeting Act, Section 7.3
In compliance with Section 7.3 of the Open Meetings Act, effective January 1, 2012, employers participating in the Illinois Municipal Retirement Fund must post a physical copy of the compensation package that exceeds $75,000 per year. Click here for the posting.
IMRF Employer Cost and Participation Information
In 2019, the Illinois General Assembly passed Public Act 101-0504. The law requires Illinois Municipal Retirement Fund (IMRF) to post certain employer cost and participation information on its website. IMRF will update these reports annually.
Certificate of Achievement for Excellence in Financial Reporting
The Park District’s Fiscal Year 2015-2016 Annual Budget won the Distinguished Budget Presentation Award. This was the 6th year the Park District received the Distinguished Budget Presentation Award. The Park District first applied for the award in 2010 with the Fiscal Year 2010 – 2011 Annual Budget. The GFOA established the Distinguished Budget Presentation Awards Program (Budget Awards Program) in 1984 to encourage and assist state and local governments to prepare budget documents of the very highest quality that reflect both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA’s best practices on budgeting and then to recognize individual governments that succeed in achieving that goal. Documents submitted to the Budget Awards Program are reviewed by selected members of the GFOA professional staff and by outside reviewers with experience in public-sector budgeting.
GFOA Budget Presentation Award
Gurnee Park District is pleased to announce that it has received the Government Finance Officers Association of the United States and Canada’s (GFOA) Distinguished Budget Presentation Award for its current year budget for the sixth consecutive year in a row. The award represents a significant achievement by a government entity. It reflects commitment of the governing body and staff to meeting the highest principles of governmental budgeting. In order to receive the budget award, the entity had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity’s budget serves as a policy document, financial plan, operations guideline and communications device. Budget documents must be rated proficient in all four categories, and in the fourteen mandatory criteria within those categories to receive the award.