ORLAND FIRE PROTECTION DISTRICT, ILLINOIS NOTES TO BASIC FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2017
The legal debt margin of the District as of December 31, 2017 is determined as follows: Assessed valuation - 2016 tax year (most current valuation available)
$
2,235,879,473
Statutory debt limitation (5. 75% of assessed valuation)
$
128,563,070
Total debt outstanding, net of unamortized issuance issuance discount of $233,086
25,371,680 $
Legal debt margin
I.
103,191,390
Fund Balances
As of December 31, 2017, fund balances were comprised of the following:
General Fund Nonspendable: Prepaid items
$
182.835
Capital Projects Fund
Ambulance Fund
$
1.335
$
Nonmajor Total Governmental Governmental Funds Fund
$
$
184.170
Restricted: Emergency rescue Tort immunity Other purposes
664,249 1,778,077 1,220,306
2 318
664,249 1,778,077 1,222.624
Total restricted
3.662.632
2 318
3.664.950
Assigned: Capital projects Emergency medical service Emergency rescue General government Tort immunity Total assigned Unassigned Total
1,288,962
1,288,962 6,168,199 434,459 59,615 266.572
1.288.962
8.217.807
6,168,199 434,459 59,615 266.572 760 646
6.168.199
4.486.916
4.486.916
$ 910931029
~ 611711852
43
$
11288.962
$
~ 1615531843