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The increase in changes in net assets for government funds increased $11 million, from $6.4 in 2002 to $17.4
<br />in 2003. This increase is primarily attributable to an increase in property tax dollars collected. The decrease in
<br />changes in the business -type net assets activities decreased $1.7 million, from $1.2 in 2002 to ($415,091) in
<br />2003. This decrease is due to a revenue increase of less than 2 percent, $37.1 million compared to $37.0
<br />million. Conversely, expenses increased by 6 percent, $37.5 million compared to $35.8 million. This trend is
<br />expected to change with a rate increase (wastewater) to help alleviate this deficit.
<br />City of South Bend's Changes in Net Assets
<br />Table 2
<br />Governmental
<br />Business -type
<br />Activities
<br />Activities
<br />Total
<br />2002
<br />2003
<br />2002
<br />2003
<br />2002
<br />2003
<br />Revenues:
<br />Program Revenues:
<br />Charges for services
<br />13,627,988
<br />14,569,764
<br />34,748,643
<br />35,652,545
<br />48,376,631
<br />50,222,309
<br />Operatirrg grants and
<br />contributions
<br />14,826,421
<br />14,813,675
<br />,020,628
<br />,130,575
<br />15,847,049
<br />15,944,250
<br />Capital grants and
<br />contributions
<br />)1842,673
<br />1790,912
<br />850,967
<br />72,390
<br />4,693,640
<br />,863,302
<br />General Revenues:
<br />Property taxes
<br />58,552,988
<br />67,965,063
<br />0
<br />0
<br />58,552,988
<br />67,965,063
<br />Other taxes
<br />1143,905
<br />,227,780
<br />0
<br />0
<br />,143,905
<br />,227,780
<br />Grants and contributions not
<br />restricted to specific
<br />4,989,809
<br />5,286,477
<br />4,989,809
<br />5,286,477
<br />programs
<br />Other Revenues
<br />2,345,220
<br />2,028,399
<br />462,674
<br />266,610
<br />2,807,894
<br />2,295,009
<br />Total Revenues
<br />109,329,004
<br />7,682,070
<br />37,082,912
<br />37,122,120
<br />146,411,916
<br />154,804,190
<br />Expenses:
<br />General government
<br />18,940,766
<br />12,857,643
<br />0
<br />0
<br />18,940,766
<br />12,857,643
<br />Public safety
<br />38,925,286
<br />48,2547995
<br />0
<br />0
<br />38,925,286
<br />48,254,995
<br />Highways and streets
<br />10,359,307
<br />6,370,307
<br />0
<br />0
<br />10,359,307
<br />6,370,307
<br />Health and welfare
<br />75,000
<br />99,586
<br />0
<br />0
<br />75,000
<br />99,586
<br />Culture and recreation
<br />7,488,084
<br />10,899,340
<br />0
<br />0
<br />7,4887084
<br />10,899,340
<br />Urban redevelopment
<br />16,670,062
<br />17,708,054
<br />0
<br />0
<br />16,670,062
<br />7,708,054
<br />Interest on long -term debt
<br />3,988,586
<br />3,979,222
<br />0
<br />0
<br />3,988,586
<br />3,979,222
<br />Water
<br />0
<br />0
<br />,003,652
<br />,676,058
<br />003,062
<br />11,676,058
<br />Wastewater
<br />0
<br />0
<br />13,681 ,575
<br />14,402,563
<br />13,681,575
<br />14,402,563
<br />
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