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General Government Expenditures - The City breaks its general government expenditures into <br />six categories; general government, public safety highways and streets, health and welfare, <br />culture and recreation and urban redevelopment and housing. Information is presented separately <br />in the governmental fund balance sheet and m the governmental fund statement of revenues, <br />expenditures, and changes, in fund balances for the general and park funds which are considered <br />mayor funds and the capital projects fund which is presented separately for the purpose of <br />consistency. Data for the other funds are combined into a single, .aggregated, presentation. <br />Individual fund data for each of these non-major governmental funds is provided m the form of <br />combining statements elsewhere in this report. <br />Proprietary funds. The City of South Bend maintains two different types of proprietary funds. <br />Enterprise funds are used to report the same functions presented as business-type activities in the <br />government-wide financial statements. The City maintains seven individual enterprise funds. <br />Information is presented separately in the proprietary statement of net assets and the proprietary <br />statement of revenues, expense and changes in fund net assets for the Water Utility, Wastewater <br />Utility and Century Center which are considered major funds. Data from the other four funds are <br />combined into a single, aggregated presentation. Individual fund data for each of these non- <br />major proprietary funds is provided in the form of combining statements elsewhere in this report. <br />Internal service funds are used to accumulate and allocate costs internally among the City's <br />various functions. The City of South Bend uses internal service funds to account for its self <br />funded liability insurance program, employee benefits program and central services ( a <br />department that accounts for. the expenses related to fuel, vehicle repairs and various other <br />services and supplies provided to City departments on acost-reimbursement basis). Because <br />these services predominantly benefit governmental rather than business- type functions, they <br />have been included within governmental activities in the government-wide financial statements <br />but are combined into a single, aggregated presentation in the proprietary fund financial <br />statements. Individual fund data for the internal service funds is provided m the form of <br />combining statements elsewhere in the report. <br />Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties <br />outside the government. Fiduciary funds are not reflected in the government-wide financial <br />statement because the resources of those funds are not available to support the City's own <br />programs. The accounting used for fiduciary funds is much like that used for proprietary funds. <br />The City's fiduciary duties are accounted for in both Trust and Agency Funds. The primary trust <br />funds are the Police and Fire Pension Funds (explained below). The Agency Fund is for payroll <br />and related employee deductions. <br />Pension Trust Fund Operations - Most City employees are covered by the Public Employees <br />Retirement Fund and the 1977 Police Officers' and Firefighters' Pension Fund, both administered <br />by the State of Indiana. However, certain police officers and firefighters hired before May 1, <br />1977, who did not opt into the 1977 fund, continue to be members of the 1925 Police Pension <br />Fund and the 1937 Firefighters' Pension Fund. These two funds are administered by the City. <br />This group of police officers and firefighters will continue to decline in the future, both as a total <br />number and as a percentage of total payroll of both the police and fire departments and of the <br />City as a whole. <br />The 1925 and 1937 Plans are funded through a combination of property taxes levied by the City <br />and distributions from the State Pension Relief Fund. As a result of the requirements of the state <br />statute that created these funds, the City is legally prevented from funding them in any other way <br />than a "pay-as-you-go" basis. For December 31, 2001, the City received an actuarial survey on <br />these funds to provide the proper disclosures required by generally accepted accounting <br />principles. This information is included in the following section. <br />Notes to the financial statements. The notes provide additional information that is essential to a <br />full understanding of the data provided in the government-wide and fund financial statements. <br />6 <br />