Dear Residents and Community Partners, I am pleased to share with you the 2025 Popular Annual Financial Report for the Elk Grove Park District. This report reflects our ongoing commitment to fiscal responsibility, transparency, and delivering high-quality recreational services and green spaces for our community.
Throughout the past year, the Elk Grove Park District has delivered significant achievements, including impactful capital improvements like the completion of the Marshall Park pickleball project, renovations to multiple playgrounds and ballfields, and the Driving Range renovation project. Our commitment to quality programming led to record dance, theatre, and youth camp revenues, with Pavilion Fitness Center membership surpassing 3,600 total members. We also maintained strong financial stewardship, achieving total revenues at Fox Run exceeding $3 million and receiving a Certificate of Achievement in Financial Reporting.
This financial report outlines how public funds have been managed and allocated over the past year. It highlights our success in completing the District’s Popular Annual Financial Report (PAFR), affirming our commitment to transparency and accountability. It includes key financial data and insights into how we continue to deliver services efficiently while planning for the future.
We are grateful for the support of our residents, board members, and dedicated staff who make our work possible. Together, we are building a stronger, healthier, and more connected community through parks and recreation.
Sincerely,
Ben Curcio Executive Director Elk Grove Park District
WHAT IS A PAFR?
BOARD OF COMMISSIONERS
The Board of Commissioners is composed of five elected members who each serve a six-year term. The role of the board is to lead the District toward the desired performance and assure that it occurs. Commissioners are non-partisan volunteers and serve as a link between the District and the residents of Elk Grove Park District. The Board of Commissioners encourage feedback and communication on performance.
The Park District Board meets on the 2nd and 4th Thursday of the month with some exceptions. Park Board meetings begin at 7pm and are held in the Board Room located in the Administration Building of the Elk Grove Park District at 499 Biesterfield Rd., Elk Grove Village, Illinois, unless otherwise noted. To view the full schedule, agendas and minutes visit elkgroveparks.org/board-of-commissioners/ board-meetings/
More ways to view Comcast Channel 6, AT&T Channel 99, Elk Grove Park District Facebook page and Live Stream at EGTV.viebit.com
A Popular Annual Financial Report (PAFR) is a report designed to provide a summary of the financial activities of an organization in a way that is easy to read and understand for community members. It aims to offer insight into the organization’s finances, projects and activities. A Popular Annual Financial Report (PAFR) serves as a valuable tool for community engagement by presenting a simplified and easily understandable summary of an organization’s financial activities. The information and statistics are derived from the Annual Comprehensive Financial Report (ACFR). The 2025 ACFR highlights the Elk Grove Park District’s accomplishments and showcases how it leads as a premier parks and recreation destination in Illinois. Through diligent financial management and strategic planning, the District exemplifies its dedication to excellent service and industry leadership.
Financial information in this report can be found in greater detail in the Annual Comprehensive Financial Report located on our website at elkgroveparks.org/about-us/financials/
Bill O’Malley Tom Cooke
Scott Carlson Bob Biedke John Walz
By the Numbers
AWARDS
The Elk Grove Park District continues to uphold a Moody AAA rating — the highest credit quality and the lowest risk for a bond. This distinction places the District among a select group of park districts in Illinois that have earned and maintained this exceptional status.
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Excellence in Financial Reporting to the Elk Grove Park District for its Annual Comprehensive Financial Report for the fiscal year ending December 31, 2024 for the 24th consecutive year.
$ 3,000,000
GENERATED IN FOX RUN GOLF LINKS REVENUE
SHEILA RAY ADULT CENTER MEMBERS
RAINBOW FALLS
PAVILION AQUATICS MEMBERS
PIRATES’ COVE
3,013
JUMPS N’ JIGGLES ADMISSIONS
PARTICIPANTS
SEASONAL EMPLOYEES
Capital Projects
The District has been issuing $2,500,000 annually in short-term general obligation bonds to fund its annual capital projects. In addition, money from the Special Recreation, Paving and Lighting and reserves from the Corporate, Recreation and Golf fund assist capital project funding.
In 2025, the District spent $4,107,403 on capital projects including the completion of the Marshall Park pickleball courts. More details on capital projects can be found on our website, elkgroveparks.org/projects-planning/ capital-projects, including a full list of 2025 projects in our annual budget.
FACILITY UPGRADES
Fox Run Golf Links
Building addition and renovation at driving range
Self-contained Wastewater Treatment System for cleaning maintenance equipment
Al Hattendorf Center
Completion of multi-year cabinet replacement project
Fitness Center
New Equipment
New Track Wall Wrap
Rainbow Falls Waterpark
Painting the Pool Shell
Patio Furniture Replacement
Concession Area Upgrades
Infrastructure Improvements
Pavilion Aquatics Center
Replacement of the Heat Exchanger Pumps
Outdoor Lighting
Pool Deck Furniture
PARK IMPROVEMENTS
Marshall Park
Pickleball courts
Fountain Square, Udall and Roosevelt Parks
Playground replacements (2 - 5 age group)
Heffern and Clark Parks
Softball field improvements
Multiple Parks
Soccer goal and spectator seating replacements
By far, the largest portion of the District’s net position, which is 75.1 percent or $80.8 million, reflects its investment in capital assets (for example, land, construction in progress, land improvements, buildings, machinery and equipment, and lease asset), less any related debt used to acquire those assets that is still outstanding. The District uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the District’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
Your Tax Bill
Property taxes are utilized by multiple units of local government for revenue. The Elk Grove Park District is one of approximately 10 units of local government that comprise the typical resident’s overall property tax bill. Elk Grove Park District is committed to providing high-quality programs, services, and facilities to its citizens, while being conscious of the District’s impact on property taxes. Depending on where you live in the District, for a $300,000 homeowner, taxes paid for 2024 (collected in 2025) were about $556. This equates to about 7 - 8% of a resident’s total 2024 tax bill was attributed to the Elk Grove Park District.
2024 Tax Levy Schaumburg Township $300,000 Home Total Taxes $7,723
Revenues 2025
52.0% Taxes
$15,109,826
3.3% Intergovernmental $705,431
37.1% Charges for Services $10,381,278
0.1% Grants & Donations $128,722
5.1% Interest
$1,029,560
2.5% Miscellaneous $837,193
Revenue $28,192,010
The district has two main sources of revenue –property taxes and fees charged for services. Property tax revenue makes up the largest portion of the District’s revenue, and in 2025 represented 53.6% of total operating revenue, compared to 52% in 2024.
Elk Grove Park District’s total revenue for 2025 totaled $28.5 million compared to $26.7 million in 2024 and $27.1 million in 2023. The increase in 2025 was a result of higher than expected collections in property tax and an increase in charges of services. High attendance due to fantastic summer weather at district facilities contributed to fees and admissions. An increase in the amount of grants received and TIF rebates also contributed to the rise in revenue.
The District accounts for all revenues summarized by the source. Following are the sources and totals for all funds for 2023 - 2025:
$30,000,000 $20,000,000 $10,000,000
OTHER FINANCING SOURCES
The District has been issuing $2,500,000 annually in short-term general obligation bonds to fund its annual capital projects. In 2025, the District issued $2,500,000 in bonds with a ten month maturity. Since 2012, the district has reduced the repayment schedule to pay less interest expense, which ultimately increases the amount of funding available for future projects.
In 2025, the district again received Corporate Personal Property tax in excess of historical amounts and used the excess amount toward capital expenditures.
Expenditures
The District accounts for all expenditures summarized by categories or functions. Following are the sources and totals for all funds for 2023 - 2025.
Total governmental fund expenditures for 2025 totaled $24.38 million, compared to $27.04 million in 2024 and $24.28 million in 2023. The most significant cause of the decreases in expenditures was due to decreased capital expenditures in 2025. Along with decreased capital expenditures, operating expenses increased in correlation with increased charges for services, mainly due to increased wages, supplies and utilities.
In 2025, only 14.4% percent of governmental fund expenditures are categorized as administrative, resulting in 85.6% of expenditures being invested directly back into the community for programs, facilities, park maintenance, and capital projects.
OVERALL DISTRICT FINANCIAL POSITION
While the governmental fund financial statements provide information on the District’s current financial position, net position may serve over time as a useful indicator of a government’s financial position. Net position is total assets (what the District owns) minus total liabilities (what the District owes), plus and minus deferred outflows and inflows of resources (to be consumed or acquired in a future period). By far, the largest portion of the District’s net position, which is 75.1% or $80.8 million, reflects its investment in capital assets (for example, land, construction in progress, land improvements, buildings, and machinery and equipment), less any related debt used to acquire those assets that is still outstanding. The District uses these capital assets to provide services to residents. Because of sound financial decisions the district continues to be on strong financial ground and deliver the exceptional parks, facilities and programs the residents expect.
The following tables show that in the case of the District, assets/deferred outflows exceeded liabilities/deferred inflows by $107.5 million.
See 2025 Net Position in the chart to the right.
Stay Connected
Elk Grove Park District strives to provide strong communication with our residents and patrons. We utilize multiple platforms of communication including our website, social media, electronic newsletters, signage and various print publications.
WEBSITE
elkgroveparks.org
Find out about the seasonal offerings, memberships, parks and facility amenities and rentals, rules and regulations and additional financial reports available on the Park District website.
PARKS AND RECREATION GUIDE
We mail a Parks and Recreation Guide to each resident in Elk Grove Village four times a year showcasing seasonal activities. The Guide is also available for pick up at Park District facilities and the Library. A digital version is found on the website at elkgroveparks.org.
SENIOR NEWSLETTER “THE BUZZ”
A Senior Newsletter is published quarterly featuring programs, events and memberships for patrons age 55+yrs. The Buzz is available at the Library, Park District facilities and elkgroveparks.org.
RENTALS GUIDE
The Rentals Guide is published each year to highlight all of the available spaces for social or corporate events within the Elk Grove Park District. The publication features amenities, pricing and photos of the offerings.
SOCIAL MEDIA Facebook.com/elkgroveparks.org Instagram
Acknowledgments
The development of the 2025 Popular Annual Financial Report was a collaboration between the Finance and Marketing Departments.
Brad Sholes Director of Business Services
Tiffany Greene Director of Leisure Services
Kelly Carbon Director of Marketing & Communications
Amy Mirocha Multimedia Graphic Designer
Thank you for taking the time to review this document and learn more about the Elk Grove Park District.
