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City of South Bend, Indiana
<br />Liability Insurance Fund 226 Revenue and Expenditures - Cash Basis
<br />December 31, 2016 - 2015
<br />12/31/2015 12/31/2016 Amount Percentage
<br />Name Actual Actual Change Change
<br />Revenue
<br /> Departmental Allocations (1)1,222,767 2,221,491 998,724 81.68%
<br /> Interest Earnings 29,150 42,151 13,001 44.60%
<br /> Worker Compensation Reimbursements 92,199 14,187 (78,012)-84.61%
<br /> Other Revenue 3,050 0 (3,050)-100.00%
<br /> Total Revenue 1,347,166 2,277,829 930,663 69.08%
<br />
<br />Expenditures
<br /> Safety & Risk Management 224,233 202,965 (21,268)-9.48%
<br /> Liability Insurance and Claims 761,403 801,630 40,227 5.28%
<br /> Business Insurance 594,368 477,669 (116,699)-19.63%
<br /> Worker's Compensation 922,031 713,475 (208,556)-22.62%
<br /> Total Expenditures 2,502,035 2,195,739 (306,296)-12.24%
<br />
<br /> Net Surplus/(Loss)(1,154,869)82,090
<br /> Beginning Cash Balance 5,683,353 4,532,060
<br /> Balance Sheet Adjustments 3,576 (14,945)
<br /> Ending Cash Balance 4,532,060 4,599,205
<br /> Outstanding Encumbrances (46,156)(29,995)
<br /> Ending Cash net of Encumbrances 4,485,904 4,569,210
<br /> Net Cash Balance Percentage of Expenditures 179.29%208.09%
<br /> Liability Insurance Fund Cash Resrves Target 50.00%50.00%
<br />(1) Police, Fire, and Parks budgets charged allocation waived for 2015 and a Police and Fire charged 50% allocation
<br /> for 2016.
<br />Administration/Finance 1/26/2017 Page 5
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