2002 Comprehensive Annual Financial Report

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CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS Summary of Significant Accounting Policies A. Reporting Entity The City of South Bend (government) was established under the laws of the State of Indiana. The primary government operates under aCouncil-Mayor form of government and provides the following services: public safety (police and fire), highways and streets, health, welfare and social services, cul- ture and recreation, public improvements, planning and zoning, general administrative services, water, sewer, and urban redevelopment and housing. The accompanying financial statements present the activities of the primary government and its sig- nificant component units. The component units discussed below are included in the primary government's reporting entity because of the significance of their operational or financial relationships with the primary government. Blended component units, although legally separate entities, are in sub- stance part of the government's operations and exist solely to provide services for the government; data from these units is combined with data of the primary government. Blended Comaonent Units The South Bend Redevelopment Authority, a legally separate entity, is reported as if it were a part of the primary govemment because its sole purpose is to finance and construct buildings for use by the primary government. Financial statements for the Redevelopment Authority are available at the City Controller's Office, City of South Bend, 1400 County-City Building, South Bend, Indiana, 46601. The Friends of the College Football Hall of Fame, Inc., (Friends) is a legally separate nonprofit corpo- ration. This corporation is reported as if it were a part of the primary government because its sole purpose is to solicit donations for the benefit of the City's College Football Hall of Fame. Financial statements of the Friends are available at: 111 South St. Joseph Street, South Bend, Indiana, 46601. The Morris Entertainment, Inc., is also a legally separate nonprofit corporation. This organization is reported as if it were a part of the primary government because its main purpose is to solicit donations for the restoration and renovation of the City's Morris Civic Auditorium and the City's Palais Royale Ballroom. Financial statements for the Morris Entertainment, Inc., are available at: 211 North Michigan Street, South Bend, Indiana, 46601. The South Bend Building Corporation, Inc., is also a legally separate nonprofit corporation. This organization is reported as if it were a part of the primary government because its main purpose is to finance construction and remodeling of City buildings for the City of South Bend. Debt of the Building Corporation is repaid through lease payments from the City. Financial statements for the Building Corporation are available at the City Controller's Office. Related Organizations The primary government's officials are also responsible for appointing the members of the boards of other organizations, but the primary government's accountability for these organizations does not extend beyond making the appointments. The Mayor and the Common Council appoint the board members of the South Bend Housing Authority, South Bend Public Transportation Corporation (TRANSPO), Urban Enterprise Association, and the Special Funds Board of Managers. During 2002, the Special Funds Board of Mangers provided $1,020,628 to the City's Century Center and $433,185 to the City's College Football Hall of Fame, to finance operating costs. 28