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CITY OF SOUTH BEND, INDIANA
<br />NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS
<br />(Continued)
<br /> Balance Balance
<br /> Janus 1 Additions Reductions December 31
<br />Compensated Absences $ 588,987 $ 72,534 $ - $ 6fi1,521
<br />Loans Payable 16,987,125 fi,548,832 1,124,000 22,411,957
<br />Revenue Bonds 33,97D,000 5,240,000 7,530,000 31,380,000
<br />Mortgage Bonds - 1,137,000 - 1,137,000
<br />Capital Leases ,1.,386, 997 „~„ 6 4494 579,466 814 025
<br />Totals ' Y
<br />During the year ended December 31, 2001, the following changes occurred in general long-term
<br />debt:
<br />Compensated Absences
<br />General Obligation Bonds
<br />Revenue Bonds Payable
<br />From Governmental
<br />Funds
<br />Mortgage Bonds Payable
<br />Loans Payable
<br />Land Contracts Payable
<br />Capital Leases Payable
<br />Net Pension Gbligation
<br />Totals
<br />Note 7. Risk Management
<br />Balance Balance
<br />. January ~ Additions Reductions December 31
<br />_
<br />$ 3,188,445 $ 81,486 $ 22,161 $ 3,253,71D
<br />3,135, 000 - 515, 000 2,fi20, OOD
<br />47,425, 000 22,195, ODD 9, 055, 000 60, 565, 000
<br />2,112,792 8,112,250 321,439 9, 903,603
<br />2, 815, 705 1, 040, o00 815, 705 3, 040, 000
<br />393, 500 - 393, 500
<br />5,315,127 - 1,843,226 3,471,901
<br />28 344 833 7 OOD 167 - 35, 345,000
<br />$ 92.730,402 $ 38,434.903 $ 12,966,031 $118.199,274
<br />The City is exposed to various risks of loss related to torts; theft of, damage #o, and destruction of
<br />assets; errors and omissions; jvb related illnesses or injuries to employees; natural disasters; and
<br />medical benefits to employees, retirees, and dependents.
<br />The risks of theft of, damage to, and destruction of assets; and natural disasters are covered by
<br />commercial insurance from independent third parties. Settled claims from these risks have not
<br />exceeded commercial insurance coverage for the past three years. There were no significant reduc-
<br />tions in insurance by major category of risk.
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