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CITY OF SOUTH BEND
<br />NOTES TO FINANCIAL STATEMENTS
<br />Summary of Significant Accounting Policies
<br />A. Reporting Entity
<br />The City of South Bend (primary government) was established under the laws of the State of Indiana.
<br />The primary government operates under a Council -Mayor form of government and provides the
<br />following services: public safety (police and fire), highways and streets, health, welfare and social
<br />services, culture and recreation, public improvements, planning and zoning, general administrative
<br />services, water, sewer, and urban redevelopment and housing.
<br />The accompanying financial statements present the activities of the primary government and its sig-
<br />nificant component units. The component units discussed below are included in the primary govern-
<br />ment's reporting entity because of the significance of their operational or financial relationships with
<br />the primary government. Blended component units, although legally separate entities, are in sub-
<br />stance part of the government's operations and exist solely to provide services for the government;
<br />data from these units is combined with data of the primary government.
<br />Blended Component Units
<br />The South Bend Redevelopment Authority, a legally separate entity, is a significant blended com-
<br />ponent unit of the primary government. The Redevelopment Authority's sole purpose is to finance
<br />and construct land, buildings and other improvements for use by the primary government. Financial
<br />statements forthe Redevelopment Authority are available at the City Controller's Office, City of South
<br />Bend, 227 West Jefferson, 1400 County -City Building, South Bend, Indiana, 46601.
<br />The Friends of the College Football Hail of Fame, Inc., (Friends) is a legally separate nonprofit cor-
<br />poration, and is a significant blended component unit of the primary government. The Friends' sole
<br />purpose is to solicit donations for the benefit of the City's College Football Hall of Fame. Financial
<br />statements of the Friends are available at 111 South St. Joseph Street, South Bend, Indiana, 46601.
<br />The Morris Entertainment, Inc., is also a legally separate nonprofit corporation, and is a significant
<br />blended component unit of the primary government. The Morris Entertainment, Inc., main purpose is
<br />to solicit donations for the restoration and renovation of the City's Morris Civic Auditorium and the
<br />City's Palais Royale Ballroom. Financial statements for the Morris Entertainment, Inc., are available
<br />at 211 North Michigan, South Bend, Indiana, 46601.
<br />The South Bend Building Corporation, Inc., is also a legally separate nonprofit corporation, and is a
<br />significant blended component unit of the primary government. The Building Corporation's main
<br />purpose is to finance construction and remodeling of City buildings for the City of South Bend, Debt
<br />of the Building Corporation is repaid through lease payments from the City. Financial statements for
<br />the Building Corporation are available at the City Controller's Office.
<br />Related Organizations
<br />The primary government's officials are also responsible for appointing the members of the boards of
<br />other organizations, but the primary government's accountability for these organizations does not
<br />extend beyond making the appointments. The Mayor and the Common Council appoint the board
<br />members of the South Bend Housing Authority, South Bend Public Transportation Corporation
<br />(TRANSPO), Urban Enterprise Association, and the Special Funds Board of Managers.
<br />During 2004, the Special Funds Board of Managers provided $1,164,493, to the City's Century Center
<br />and $577,717 to the City's College Football Hall of Fame, to finance operating costs.
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