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At year end the City's net assets were $186.9 million. This amount is made up of $81.1 invested
<br />m capital assets net of related debt, $51.4 of assets with external restrictions upon its use and
<br />$65.2 of unrestricted assets that are available for future use as directed by management.
<br />City of South Bend's Changes in Net Assets
<br /> Governmental Business-type
<br /> Activities Activities Total
<br />Revenues:
<br />Program Revenues:
<br />Charges for services 13,627,988 34,748,643 48,376,631
<br />Operating grants and
<br />contributions 14,826,421 1,020,628 15,847,049
<br />Capital grants and
<br />contributions
<br />3,842,673 850,967
<br />4,693,640
<br />General Revenues:
<br />Property taxes 58,552,988 58,552,988
<br />Other taxes 11,143,905 11,143,905
<br />Grants and contributions not
<br />restricted to specific programs 4,989,809 4,989,809
<br />Other Revenues 2,345,220 462,674 2,807,894
<br />Total Revenues 109,329,004 37,082,912 146,411,916
<br />Expenses:
<br />General government 18,940,766 18,940,766
<br />Public safety 38,925,286 38,925,286
<br />Highways and streets 10,359,307 10,359,307
<br />Health and welfare 75,000 75,000
<br />Culture and recreation 7,488,084 7,488,084
<br />Urban redevelopment 16,670,062 16,670,062
<br />Interest on long-term debt 3,988,586 3,988,586
<br />Water 11,003,652 11,003,062
<br />Wastewater 13,381,575 13,681,575
<br />Civic center 3,395,569 3,395,569
<br />Building department 1,038,341 1,038,341
<br />Parking 1,378,563 1,378,563
<br />Solid waste 3,715,963 3,715,963
<br />Golf course 1,655,435 1,655,435
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