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THE CITY OF SOUTH BEND
<br />2004 BUDGET -SUMMARY OF MAJOR CHANGES FROM 2003
<br />PARK NON-REVERTING CAPITAL (Fund #405)
<br /> 2002 2003 2003 Anticipated 2004
<br /> Actual Actual Budget Changes Budget
<br />REVENUE:
<br />Non-reverting Zoo Revenue 105,066 124,545 130,000 0 130,000
<br />Non-reverting Golf Course Revenue 105,425 106,467 143,000 0 143,000
<br />Non-reverting East Race Revenue 7,724 7,668 12,000 0 12,000
<br />Non-reverting Ice Rink Revenue 7,460 6,187 8,000 0 8,000
<br />Non-reverting Picnic Area Revenue 1,554 7,211 2,000 0 2,000
<br />Miscellaneous Revenue 91,356 11,851 7,000 0 7,000
<br />Interest on Investments 1,817 1,456 4,000 0 4,000
<br />Total Revenue 320,402 265,385 306,000 0 306,000
<br />Total Revenue Increase/(Decrease) 0
<br />Revenue Increase/(Decrease) as a Percent 0.0%
<br /> 2002 2003 2003 Anticipated 2004
<br /> Actual Actual Budget Changes Budget
<br />CAPITAL EXPENDITURES (note a & b):
<br />Park Mtce -East Race, Ice Skating Rink & Fores 25,614 20,858 51,500 (17,500) 34,000
<br />Golf Course -Land Improvements 0 9,715 0 6,000 6,000
<br />Golf Course -Building Improvements 11,151 4,272 0 0 0
<br />Golf Course -Equipment 91,793 120,153 107,100 (10,600) 96,500
<br />Potawatomi Zoo -Land Improvements 16,000 0 16,000 45,500 61,500
<br />Potawatomi Zoo -Building Improvements 107,944 35,937 24,600 36,400 61,000
<br />Potawatomi Zoo -Equipment 65,017 43,410 81,070 (27,770) 53,300
<br />Total Expenditures _ 317,519 234,345 280,270 32,030 312,300
<br />Revenue Over/(Under) Expenditures 2,883 31,040 25,730
<br />6( .300)
<br />NOTES:
<br />a -The 2002 actual expenditures reflect only cash expended during the year and do not include amounts unspent but encumbered
<br />as of the end of the year. The 2003 expenditures assumes no encumbrances are needed at year-end and all of the
<br />2002 encumbrances are paid in 2003.
<br />b -This fund was established in 1998 for the Park Department Non-Reverting Revenue (excluding Park Recreation
<br />non-reverting revenue which is budgeted in Fund #203). The purpose of this fund is to separate the non-reverting
<br />Park revenue from Park Operations. This revenue has been included in Fund #201 in previous years. These
<br />revenues are collected at their respective locations and are eligible to be used for capital improvements during the
<br />following fiscal year. The revenue from Parks non-reverting fees are appropriated during the Capital Budget process
<br />which is presented to the Common Council for approval in February of each year. The Capital Budget is determined by the
<br />fund's cash on hand at the start of the year.
<br />PROJECTION OF CAPITAL FUNDS AVAILABLE FOR 2004
<br />Park Capital Fund cash balance as of 12/31/03 444,315
<br />Less: Encumbrances outstanding as of 12/31/03 (1,068)
<br />Park Non-Reverting Fund cash balance as of 12/31/03 -Available for 2004 Capital Projects 443,247
<br />2004 Budgeted Revenue (see above) 306,000
<br />2004 Budgeted Expenditures (see above) (312,300)
<br />Projected Park Capital Fund cash balance as of 12/31/04 -Available for capital in 2005 880,194
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