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City of South Bend
<br />Net Assets
<br />Table 1 (Continued)
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> 2005 2006 2005 2006 2005 2006
<br />Net assets:
<br />Invested in capital
<br />assets, net of related
<br />debt 203,694,695 208,509,577 94,833,960 97,670,533 298,528,655 306,180,110
<br />Restricted 6,138,257 5,225,642 17,942,700 22,535,858 24,080,957 27,761,500
<br />Unrestricted 26,957,659 24,900,036 8,751,584 7,168,852 35,709,243 32,068,888
<br />Total net assets $236,790,611 $238,635,255 $121,528,244 $127,375,243 $358,318,855 $366,010,498
<br />At the end of the current fiscal year the City is able to report positive balances in all three
<br />categories of net assets, both for the government as a whole, as well as for its separate
<br />governmental and business-type activities.
<br />The net assets for government activities increased by $1,844,644 from $236,790,611 in
<br />2005 to $238,635,255 in 2006. This increase is due, m part, to revenue exceeding expenses
<br />for the TIF Airport pro ram during 2006. The net assets for the business-type net assets
<br />activities increased by 5,846,999 from $121,528,244 in 2005 to $127,375,_243 in 2006.
<br />This increase is due to an increase in water and sewer rates during 2006.
<br />City of South Bend
<br />Change in Net Assets
<br />Table 2
<br /> Governmental Business-type
<br /> Activities Activities Total
<br /> 2005 2006 2005 2006 2005 2006
<br />Revenue:
<br />Program Revenue:
<br />Charges for services $6,823,577 $17,563,075 $35,764,874 $44,179,287 $42,588,451 $61,742,362
<br />Operating grants and
<br />Contributions 12,916,362 12,452,463 1,282,780 0 14,199,142 12,452,463
<br />Capital grants and
<br />Contributions 9,447,723 13,793,363. 1,479,581 1,413,861 10,927,304 15,207,224
<br />General Revenue:
<br />Property taxes 72,743,697 68,256,602 0 0 72,743,697 68,256,602
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