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CITY QF SQUTH BEND, INDIANA
<br />NQTES Tq GENERAL-PURPQSE FINANCIAL STATEMENTS
<br />Continued}
<br />Note 17, Restatements and Reclassifications
<br />Far the year ended December 31, 2001, certain changes have been made to the financial state-
<br />ments tomore appropriately reflect fnancial activity of the City. The following schedule presents a
<br />summary of restated beginning fund balanceslretained earnings by fund type. The effects of imple-
<br />menting GASB 33 and 36, fund reclassification, corrections to the redevelopment properties held for
<br />resale, and the increase infixed asset threshold to $5,000 are shown.
<br />Balance Balance
<br />As Reported As Restated
<br />December 31, January 1,
<br />Fund T 2000 Change 2001
<br />General $ 17,019,187
<br />GASB 33 and 36 $ 48,650 $ 17,127,837
<br />Special Revenue:
<br />Motor Vehicle Highway 626,474
<br />GASB 33 and 36 382,752 1,009,226
<br />Local Road and Street 3,521,181
<br />GASB 33 and 36 472,291 4,294,072
<br />Debt Service:
<br />EDIT Bond -Plaza Garage -Tax Exerr~t
<br />Fund Reclassification 549,211 549,211
<br />EDIT Bond -Plaza Garage -Tax Exempt
<br />Fund Reclassification 532,389 532,389
<br />Capital Projects:
<br />Tax Incremental Financing - SamplelEwing 1,951,707
<br />Property Held for Resale X202,894} 1,748,813
<br />Tax Incremental Financing - Downtonwn 3,360,926
<br />Property Held for Resale X130,864} 3,230,062
<br />Redevelopment General 544,790
<br />Property Held for Resale ~184,224~ 360,566
<br />EDIT Bond • Plaza Garage -Tax Exempt 549,211
<br />Fund Reclassification X549,211 }
<br />EDIT Bond -Plaza Garage -Tax Exempt 532,389
<br />Fund Reclassification X532, 389}
<br />Enterprise:
<br />Consolidated Building 194,351
<br />Fixed Asset Threshold X7,297} 187,054
<br />Blackthorn Golf Course X102,743}
<br />Fixed Asset Threshold X53,870} X156,613}
<br />44
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