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.City of South Bend, Indiana cityapproved
<br />2011 Budget
<br />Fund Revenue & Expenditure
<br />ad Name Economic Develo ment Income Tax Fund Fund Number 408
<br />artment Description & Purpose
<br />Fund is used to account for 0.4% local option income tax revenue. Distributions are made monthly from the State of
<br />Indiana based on certified tax levies. Fund used for debt service, economic development, and capital expenditures
<br />benefiting economic development.
<br />(Whole $)
<br />2010
<br />2011
<br />$
<br />2008
<br />2009
<br />Amended
<br />613012010
<br />Proposed
<br />0 (U)
<br />%
<br />Revenue Description
<br />Actual
<br />Actual
<br />Budget
<br />Actual
<br />Budget
<br />11 B vs 10 B
<br />Ch
<br />Property Tax
<br />-
<br />_
<br />_
<br />Other Tax
<br />3,997,997
<br />3,843,912
<br />9,090,415
<br />4,929,599
<br />6,875,000
<br />(2,215,415)
<br />- 24.4%
<br />Grants
<br />_
<br />Fees for Services
<br />_
<br />Other Income
<br />Transfers In
<br />332,231
<br />159,600
<br />188,001
<br />30,771
<br />162,000
<br />(26,001)
<br />- 13.8%
<br />Total Revenue
<br />-
<br />4,330,228
<br />56,500
<br />4,060,012
<br />30,847
<br />9,309,263
<br />30,847
<br />4,991,217
<br />7,037,000
<br />30,847
<br />2,272,263
<br />- 100.0%
<br />24.4%
<br />Expenditure by Cost Center
<br />Mayor
<br />Controller
<br />-
<br />3,461,840
<br />-
<br />2,920,390
<br />9,200
<br />3,714,584
<br />1,647,845
<br />7,387,007
<br />(9,200)
<br />3,672,423
<br />- 100.0%
<br />98.9%
<br />Leighton Plaza
<br />55,789
<br />45,961
<br />-
<br />-
<br />Engineering
<br />72,604
<br />70,841
<br />12,483
<br />8,012
<br />(12,483)
<br />- 100.0%
<br />Community Development
<br />430,894
<br />178,250
<br />570,464
<br />415,382
<br />270,436
<br />(300,028)
<br />-52.6%
<br />Planning & Neighborhood Develop
<br />-
<br />_
<br />_
<br />_
<br />Potowatomi Greenhouse
<br />32,344
<br />42,147
<br />1,460
<br />888
<br />1,460
<br />- 100.0%
<br />Total Cost Center Expenditure
<br />4,053,471
<br />3,257,589
<br />4,308,191
<br />2,072,127
<br />7,657,443
<br />3,349,252
<br />77.7%
<br />Expenditure by Account Type
<br />Salaries & Wages
<br />-
<br />17,425
<br />-
<br />.
<br />Fringe Benefits
<br />1,333
<br />Other Personnel costs
<br />Total Personnel
<br />-
<br />18,758
<br />-
<br />_
<br />Supplies
<br />28,420
<br />9,362
<br />1,460
<br />888
<br />1,460
<br />- 100.0%
<br />*'C rofessional Services (31xx)
<br />18,500
<br />1,516
<br />-
<br />394
<br />omm/Transportation(32xx)
<br />-
<br />_
<br />_
<br />Printing & Advertising (33xx)
<br />25,000
<br />25,000
<br />Insurance(34xx)
<br />936
<br />936
<br />Utilities (35xx)
<br />Repairs & Maintenance (36xx)
<br />Rentals(37xx)
<br />1,236,205
<br />1,236,205
<br />Debt Service (38xx)
<br />2,206,259
<br />1,963,136
<br />2,123,384
<br />951,787
<br />871,543
<br />(1,251,841)
<br />- 59.0%
<br />Other Services & Charges (39xx)
<br />-
<br />14,027
<br />9,200
<br />-
<br />45,000
<br />35,800
<br />389.1%
<br />Grants & Subsidies
<br />1,055,385
<br />635,479
<br />651,664
<br />140,262
<br />674,500
<br />22,836
<br />3.5%
<br />Payment in lieu of taxes
<br />-
<br />_
<br />_
<br />Transfers Out
<br />612,590
<br />498,509
<br />1,100,000
<br />567,155
<br />4,804,259
<br />3,704,259
<br />336.8%
<br />Other Financing Uses (50xx)
<br />-
<br />_
<br />_
<br />_
<br />Total Service & Charges
<br />3,892 734
<br />3,112,667
<br />3 884 248
<br />1,659,598
<br />7 657 443
<br />3,773,195
<br />7
<br />Capital 132,317 116,802 422,483 411,641 422,483 - 100.0%
<br />Total Expenditure by Type 4,053,471 3,257,589 4,308,191 2,072,127 7.657.443 s 3dQ 9S7 7 poi
<br />Test should be 0
<br />Net Surplus / (deficit) 276,757 802,423 5,001,072 2,919,090 (620,443)
<br />Beginning Cash Balance 3,525,558 8,526,630
<br />Balance Sheet Adjustments _
<br />Ending Cash Balance 2,723,135 3,525,558 8 526 630 7,906,187
<br />Headcount Staffing 12131/08 12/31/09 2010 6/30/2010 2011 O (U)
<br />Non Bargaining Staff Actual Actual Budget Actual Budget 2010 Budget
<br />Salary full time 0.00
<br />Hourly full time 0.00
<br />n,..a To..... , c______,
<br />0.00
<br />Total Headcount 0.00 0.00 0.00 0.00 0.00 0.00
<br />2011 Budget Summary Consolidation gz copy.xts
<br />City of South Bend
<br />Page 65 of 104
<br />P147
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