Oak Park, Illinois

Net Position

• Oak Park's "total net position in 2018 increased by $2,728,769, or 119% from the fiscal year’s beginning balance of $2,290,777 to an ending balance of $5,019,546."
• The governmental activities portion of net position decreased by 1.7% or $1,487,886, to $(87,343,916), as liabilities increased to a greater extent compared to assets.

Government Activities

• For the fiscal year ended December 31, 2018, revenues from Governmental Activities totaled $90,350,103, a 10.3% increase, or $8,402,878, from 2017.
• Property Taxes generated 53.0% of the Village’s revenue stream or $47,900,824. Other taxes of $22,066,757 are primarily attributable to the
• Village’s utility, sales, state income and real estate transfer taxes realizing an increase of $1,196,067 from the 2017 fiscal year.
• For the fiscal year ended December 31, 2018, expenses from Governmental Activities totaled $86,957,530, a $1,448,009 decrease from the 2017 fiscal year amount of $88,405,539, predominately related to decreases in economic and community development expenditures.