2004 Performance Based Budget - Laserfiche WebLink

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CovrrrY-Cr[Y Buaoarc SouTx B~•m, INnreNn 46601-1830 PxorrE 574/ 235-9216 Fnx 574/235-9928 TDD 574/ 235-5567 Crnr OF SOUTH BEND STEPHEN ]. LuECxE, MnYOR DEPARTMENT OF ADMINISTRATION AND FINANCE FxEnEiucx B. OLLETT, III CoNTROU.Fx Apri18, 2004 To the Honorable Mayor Stephen J. Luecke, Members of the City Common Council, and the Residents of the City of South Bend: It is with great pleasure and pride that we submit to you the City of South Bend's 2004 Performance Based Budget. The City has been publishing a budget in this format for seven years; however, significant changes have been made to this document over the past several years which are more fully discussed in later sections of this book. There is a great deal of information in this book and, in an attempt to make it more reader-friendly, we have arranged it in the following five sections. Section A -Policies and Goals This section contains specific information on the City's long term goals and objectives, its mission and purpose statements, as well as the City's financial policies and core values. The section begins with a brief description of the City's strategic planning process and a historic overview of our approach to program and performance based budgeting. Also included in this section are the City's overall financial policy statements covering the budget process, operational procedures, revenues, reserves, debt and investments. The section ends with Mayor Stephen J. Luecke's State of the City Address as it was presented in its entirety to the Common Council on January 27, 2004. The Mayor begins by emphasizing the impact that this city has historically had on the community. He reviews the past year's accomplishments, highlights various partnerships that the City has .developed over the past several years, and outlines where he believes this community should be headed in the future. Section B -Financial Summary This,section provides a general overview of the City's 2004 Operating and Capital Budgets. It starts with the Executive Summary, which contains highlights of the current year's budget as well as the challenges that the City faces in the coming year. This summary also. explains the method of accounting used in the budgeting process, and it provides an explanation of the type of funds that are subject to annual appropriations. It presents a summary of major revenues, assumptions used in developing revenue estimates, and significant revenue trends thus providing a general overview of the total resources utilized by the City. The 2004 Budget (Operating and Capital) is then presented in summary form as it was approved by the Common Council, first by fund type identifying total revenue, expenditures and operating surpluses and then by each fund's major expenditure classification. These summaries are accompanied by a brief description of each of the City's budgeted funds. Also included in this section is historical data comparing the past three years' actual results and the prior year's