The Board accepted and approved the Elmhurst Park District Comprehensive Annual Financial Report for the year ending December 31, 2017 at its June 11, 2018 board meeting. The report was presented to the Board by the District's independent auditing firm, Lauterbach & Amen.
The financial statements report that the District continues to maintain a sound financial condition, reporting total net assets of $45.1 million. This is an increase of $1,655,520 from the prior year.
The report has been submitted to the Government Finance Officers Association for consideration of its Certificate of Achievement for Excellence in Financial Reporting. This past year, the District received the prestigious award for the tenth consecutive year for its 2016 financial report.
Highlights for fiscal year 2017 include the purchase of new property at Robert Palmer Drive, Old York Road, and Hampshire Avenue. Also completed during the year was the redevelopment of the playground at Plunkett Park, the relocation of the Community Garden plots to Marjorie Davis Park, and Wagner Community Center upgrades.
