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THE CITY OF SOUTH BEND
<br />2003 BUDGET -SUMMARY OF MAJOR CHANGES FROM 2002
<br />SPECIAL EVENTS NONREVERTING OPERATING FUND (Fund #272)
<br /> 2001 2002 2002 Anticipated 2003
<br /> Actual Actual Budget Changes Budget
<br />REVENUE:
<br />User Fees:
<br />Booth Fees 65,935 65,460 63,000 1,000 64,000
<br />Donations (Sponsorships) 37,050 36,374 64,700 (700) 64,000
<br />Souvenir Sales 0 596 1,000 (500) 500
<br />7% Vendor Fees 14,992 13,870 19,000 (6,000) 13,000
<br />Parade Sponsorships 0 0 10,000 (10,000) 0
<br />Miscellaneous (Amusement Vendors) 35,198 30,750 102,000 (77,000) 25,000
<br />Garage Sale 5,785 5,305 5,250 0 5,250
<br />Interest on Investments 3,087 910 4,000 (1,500) 2,500
<br />Total Revenue 162,047 153,265 268,950 (94,700) 174,250
<br />Total Revenue Increase/(Decrease) (94,700)
<br />Revenue Increase/(Decrease) as a Percent -35.2%
<br /> 2001 2002 2002 Anticipated 2003
<br /> Actual Actual Budget Changes Budget
<br />EXPENDITURES:
<br />Personnel Costs:
<br />Salaries (Temporary Services) 1,663 1,496 4,140 0 4,140
<br />Total Personnel Costs 1,663 1,496 4,140 0 4,140
<br />Supplies
<br />Office Supplies 6,567 1,919 2,000 0 2,000
<br />Recreation Supplies 2,718 5,628 4,250 0 4,250
<br />Operation /Maintenance Supplies 1,876 1,314 1,800 0 1,800
<br />Total Supplies 11,161 8,861 8,050 0 8,050
<br />Services
<br />Promotional 29,406 24,292 31,200 (6,000) a 25,200
<br />Contract Services /Charges 147,484 102,877 179,398 (67,113) a 112,285
<br />Travel/Education 8 Training 296 319 4,200 (1,790) 2,410
<br />Subscriptions 0 0 650 (400) 250
<br />Postage 500 1,287 1,340 0 1,340
<br />Total Services 177,686 128,775 216,788 7( 5,303) 141,485
<br />Other Charges:
<br />Administration Fee (General Fund) 2,753 3,844 3,844 1,133 4,977
<br />Central Services 350 490 490 0 490
<br />Total Other Charges 3,103 4,334 4,334 1,133 5,467
<br />Capital 16,090 4,377 0 20,000 20,000
<br />Total Expenditures 209,703 147,843 233,312 (54.170) 179 142
<br />Total Expenditures Increase/(Decrease) -excluding Capital
<br />Expenditures Increase/(Decrease) as a Percent -excluding Capital
<br />Revenue Overl(Under) Expenditures 47,656 5,422
<br />(74,170)
<br />-31.8%
<br />35,638 4,892
<br />'This is a non reverting, self-supporting fund that is used to fund the Summer in the City Festival and the World's Largest Garage S:
<br />NOTES:
<br />a -These decreases reflects the elimination of planned additional larger concerts during the Summer in City Festival.
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