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2006 Comprehensive Annual Financial Report
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2006 Comprehensive Annual Financial Report
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12/18/2007 10:53:51 AM
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10/22/2007 10:46:54 AM
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NONMAJOR GOVERNMENTAL FUNDS <br />(Continued) <br />South Bend Building <br />Corporation Debt <br />Service - To account for debt retirement of the Building Corporation§s Mortgage <br />Bonds. Funding is provided by transfers from other City funds. <br />TIF Erskine Village <br />Debt Service - To account for Erskine Village project debt retirement of the south side tax <br />incremental financing (TIF) district. Financing is provided by transfers from <br />the TIF south side development fund. <br />Capital proiects funds <br />Emergency Medical <br />Services - To account for purchases of necessary equipment for the Fire Department <br />and Emergency Medical Services Department. Financing is provided by <br />ambulance fees. <br />Central Development Area <br />Bond Proceeds - To account for expenses financed by a 2003 revenue bond issue. <br />Professional Sports <br />Development - To account for Hotel/Motel Tax and Professional Sports Development Tax <br />revenues dedicated towards the College Football Hall of Fame. Based on <br />an agreementwith the National Football Foundation (NFF), the City pays the <br />NFF to assist with the operation and capital costs. <br />Coveleski Stadium <br />Capital- To account for expenditures related to the maintenance and improvement of <br />the baseball stadium. Financing is provided by a rental paid by the semi-pro <br />baseball team. <br />Zoo Endowment - To account for construction projects at the City's zoo. Financing is provided <br />by gifts and donations. <br />Park Nonreverting Capital - To account for specific revenues used to finance capital improvements at <br />the City parks. <br />Cumulative Capital <br />Development - To account for expenditures relating to the purchase or lease of capital <br />improvements in the City. Financing is provided by a specific property tax <br />levy. <br />Cumulative Capital <br />Improvement - To account for state cigarette tax distributions used for improvement <br />projects. <br />Economic Development <br />Income Tax - To account for the City's share of the County Economic Development Tax. <br />Expenditures include construction, acquisition and related costs for eco- <br />nomicdevelopment projects. <br />90 <br />
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