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CITY OF SOUTH BEND
<br />2004 CAPITAL BUDGET (by funding source)
<br /> CUMULATIVE CUMULATIVE
<br /> CAPITAL CAPITAL
<br /> GENERAL DEVELOPMT IMPROVEMT COIT EDIT
<br /> FUND FUND FUND FUND FUND
<br />Cash balance as of 1/1/03 18,117,437 1,510,130 402,376 11,980,695 3,667,708
<br />Add: 2003 cash receipts/revenue 60,480,124 1,118,374 566,379 10,074,483 3,821,578
<br />Less: 2003 cash expenditures (operating only) (52,994,761) (111,009) 0 0 0
<br />Less: 2003 cash expenditures (capital only) (3,828,307) (772,107) (99,695) (8,695,264) (1,573,262)
<br />Less: 2003 debt service for outstanding bonds n/a n/a (594,000) (941,620) (3,189,745)
<br />Add/Less: Net adjustments to balance sheet accounts 6,502,396 0 0 (21,234) (1)
<br />Cash balance as of 12/31/03 28,276,889 1,745,388 275,060 12,397,060 2,726,278
<br />Less: Encumbrances as of 12/31/03 (2,389,029) (259,803) (296,400) (4,179,880) (318,444)
<br />Less: Parking Garages - negative cash balance at 12/31/03 (1,339,439) Na n/a Na n/a
<br />less: Central Services - negative cash balance at 12/31/03 (311,456) Na n/a Na Na
<br />Less: Reserve balances required for bond debt service n/a Na Na Na 706,000)
<br />Adjusted cash balance as of 12/31/03 24,236,964 1,485,585 (21,340) 8,217,180 _
<br />1,701,834
<br />Adjustments to cash available for capital projects:
<br />Cash reserve as a % of 2004 Operating Expenditure Budget (11,492,268)20% n/a n/a n!a n/a
<br />Cash reserve for Employee Benefits (2,163,842) n/a n/a n/a n/a
<br />Total projected budget surplus for 2004 n/a n/a n/a 5,727,875 320,830
<br />Reserve as a % of 2004 Anticipated Revenue n/a n/a n/a (1,429,738) 20% (368,463) 10%
<br />Tax Warrents to be repaid in 2004 (6,420,000) n/a Na n/a n/a
<br />Cash available for 2004 Capital Budget (excluding reserves) 4,160,855 1,485,585 (21,340) 12,515,316 1,654,201
<br />CAPITAL PROJECTS FOR 2004:
<br />Land Improvements 0 0 0 9,278,002 1,654,201
<br />Buildings and Building Improvements 112,000 0 0 465,265 0
<br />Motor Vehicles I Equipment 1,025,249 84,400 0 0 0
<br />Computer Equipment and Networking 190,000 1,033,080 0 0 0
<br />Materials and Equipment 196,164 315,900 0 0 0
<br />Office Equipment and Furniture 121,750 0 0 0 0
<br />Community and Neighborhood Development 2,515,320 0 0 2,893,868 0
<br />Total Capital Budget for 2004 4,160,483 1,433,3!0 0 12,437,135 1,654,201
<br />Cash (excluding reserves) not appropriated for Capital Budget 372 52,205 (21,340) T8.183 0
<br /> PARK
<br /> MORRIS PARK NON- RECREATION
<br /> EMS PERF ARTS PARK AND REVERTING NON-
<br /> CAPITAL CAPITAL RECREATION CAPITAL REVERTING
<br /> FUND FUND FUND FUND FUND
<br />Cash balance as of 1/1/03 426,674 205,236 1,285,236 413,275 386,657
<br />Add: 2003 cash receipts/revenue 7,276,860 136,228 10,738,840 265,385 735,361
<br />Less: 2003 cash expenditures (operating only) (541,415) 0 (9,436,558) 0 (663,046)
<br />Less: 2003 cash expenditures (capital only) (591,150) (146,849) (365,421) (19,687)
<br />Add/Less: Net adjustments to balance sheet accounts (10,188) (1) 3,000,302 (234,345) (166,819)
<br />Cash balance as of 12/31/03 560,781 194,814 5,222,399 444,315 272,466
<br />Less: Encumbrances as of 12/31/03 (7,452) (7,480) (275,180) (1,068) (8,437)
<br />Adjusted cash balance as of 12/31/03 553,329 187,154 4,947,219 443,247 264,029
<br />Adjustments to cash available for capital projects:
<br />Cash reserve as a % of 2004 Operating Expenditure Budget (99,173)15°k Na (1,041,706) "" n/a (118,758) 15%
<br />Cash reserve reduction n/a (28,073)15% n/a n/a Na
<br />Tax Warrents to be repaid in 2004 n/a Na (3,000,000) _ Na Na
<br />Cash available for 2004 Capital Budget (excluding reserves) 454,156 159,081 905,513 443,247 145,271
<br />CAPITAL PROJECTS FOR 2004:
<br />Land Improvements 0 0 320,000 77,500 0
<br />Buildings and Building Improvements 18,000 0 126,000 61,000 95,000
<br />Motor Vehicles /Equipment 280,000 0 101,050 0 0
<br />Computer Equipment and Networking 0 0 37,891 0 0
<br />Materials and Equipment 109,000 30,000 309,500 173,800 20,000
<br />Total Capital Budget for 2004 407,000 30,000 894,441 312,300 115,000
<br />Cash (excluding reserves) not appropriated for Capital Budget 47,156 129,081 11,072 130,947 30,271
<br />- wntinued -
<br />D-5
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