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THE CITY OF SOUTH BEND
<br />2004 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2003
<br />SEWER REPAIR /INSURANCE FUND (Fund #640)
<br /> 2002 2003 2003 4nticipated 2004
<br /> Actual Actual Budget Changes Budget
<br />REVENUE:
<br />Sewer Repairlnsurance 468,022 539,975 544,098 2,902 547,000
<br />Sewer Repair Deductible 107,779 105,020 112,500 (10,000) a 102,500
<br />Interest on investments 651 1,187 6,000 (5,000) 1,000
<br />Other Revenue (Loan Repayment) 8,497 0 0 0 p
<br />Total Revenue 585,149 646,182 662,598 (12.098) g50,5pp
<br />Total Revenuelncrease/(Decrease) (12 098)
<br />Revenue Increase/(Decrease) as a Percent _1 60~
<br />EXPENDITURES:
<br />Personnel Costs:
<br />Salaries
<br />Benefits
<br />Total Personnel Costs
<br />Supplies
<br />Services:
<br />Sewer Repairs
<br />Management Fee -Solid Waste
<br />Telephone
<br />Automotive Equipment Repair
<br />Misc Employee-related Casts
<br />Total Services
<br />Other Uses:
<br />Admin Charge (General Fund)
<br />Bad Debt Expense
<br />Total Other Uses
<br />Total Expenditures
<br />Total Expenditures Increase/(Decrease)
<br />Expenditures Increase/(Decrease) as a Percent
<br />Revenue Over/(Under)Expenditures
<br />2002 2003 2003 Salary Personnel Insurance Other 2004 % of
<br />Actual Actual Budget Ordinance Changes Increase Changes Budget Change
<br />37,069 36,545 39,385 1,550 29,536 b 0 777 71,248
<br />10,401 10,902 11,261 181 3,441 b 14,055 c 894 d 29,832
<br />47,470 49,447 50,646 1,731 32,977 14,055 1,671 101,080 99.6%
<br />1,460 1,381 1,550 0 0 0 30 1,580 1.9%
<br />552,781 540,864 587,000 0 0 0 (65,000)d 522,000
<br />5,000 0 0 0 0 0 0 0
<br />1,904 1,118 1,900 0 0 0 (400) 1,500
<br />1,146 565 200 0 0 0 700 900
<br />84 0 110 0 0 0 (110) 0
<br />580,915 542,547 589,210 0 0 0 (84,810) 524,400 •11.0%
<br />11,624 13,826 13,826 0 0 0 2,021 15,847
<br />4,386 5,519 5,000 0 0 0 500 5,500
<br />18,010 19,345 18,826 _0 0 0 2,521 21,347
<br />625,855 812.720 660,232 1~ 1 32,977 14,055 (60.588) 6A8,407
<br />(11,825)
<br />-1.8%
<br />4( 0.706) 33,462 2366 293
<br />NOTES:
<br />a -Adjustment made to reflect actual, based on forecasts number of sewer repairs.
<br />b -Reflects the addition of one Administrative Assistant ($29,536).
<br />c -Includes an average cost increase of 76 % for the City's Self-Insurance Health Plan plus any necessary changes from last year's budget regarding
<br />coverage options chosen by employees (i.e., family, single or rebate).
<br />d -Also includes a increase of the City's mandated contributions to the State's PERF plan which was 3.25 % of total salary in 2003 to 4.00 % in 2004.
<br />This rate is determined by the Indiana Board of Trustees of PERF on an annual basis.
<br />e -Reflects the anticipated level of expenditure in 2004.
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