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THE CITY OF SOUTH BEND
<br />2005 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2004
<br />LOCAL ROADS AND STREETS ACCOUNT (Fund #251)
<br />Total Revenue Increase/(Decrease) (6,727)
<br />Revenue Increasel(Decrease) as a Percent -0.2%
<br />2003
<br />2004
<br />2004
<br />Anticipated
<br />2005
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />Gasoline Tax (including State Lottery Funds)
<br />1,186,193
<br />1,192,576
<br />1,192,782
<br />7,899
<br />1,200,681
<br />Wheel Tax
<br />0
<br />1,953,079
<br />2,049,626
<br />(14,626) a
<br />2,035,000
<br />Reimbursements
<br />11,487
<br />466,251
<br />0
<br />0
<br />0
<br />Interest on Investments
<br />6,648
<br />19,300
<br />10,000
<br />0
<br />10,000
<br />Total Revenue
<br />1,204,328
<br />3,631,206
<br />3,252,408
<br />(6,727)
<br />3,245,681
<br />Total Revenue Increase/(Decrease) (6,727)
<br />Revenue Increasel(Decrease) as a Percent -0.2%
<br />Revenue Over/(Under) Expenditures 11,378 551,583 (447,592) (1,014,835)
<br />NOTES:
<br />a - Per the County estimate based on vehicle registration information from Bureau of Motor Vehicles..
<br />b - The 2003 actual and 2004 actual expenditures reflect only cash expended during the year and do not include amounts unspent but
<br />encumbered as of the end of the year.
<br />PROJECTION OF CAPITAL FUNDS AVAILABLE FOR 2006
<br />LRSA Fend cash balance as of 12/31/04
<br />Less: Encumbrances outstanding as of 12/31/04
<br />LRSA Fund 12/31/04 cash balance available for 2005 Capital Projects
<br />2005 Budgeted Revenue (see above)
<br />LRSA funds available for Capital Projects in 2005
<br />2005 Capital Budget (see above)
<br />Projected LRSA funds not appropriated
<br />1,305,646
<br />(271,682)
<br />1,033,964
<br />3,245,681
<br />4,279,645
<br />(4,260,516)
<br />19,129
<br />2003
<br />2004
<br />2004
<br />Anticipated
<br />2005
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />CAPITAL EXPENDITURES (see note b):
<br />Street Paving Materials & Repairs
<br />0
<br />2,094,738
<br />2,000,000
<br />(200,000)
<br />1,800,000
<br />Concrete Street Paving
<br />275,564
<br />299,282
<br />300,000
<br />0
<br />300,000
<br />Specific Street Improvements
<br />717,172
<br />662,516
<br />250,000
<br />1,800,516
<br />2,050,516
<br />Engineering Fees
<br />154,764
<br />23,087
<br />0
<br />0
<br />0
<br />Traffic Signals and Devices
<br />45,450
<br />0
<br />1,150,000
<br />(1,040,000)
<br />110,000
<br />Total Capital Expenditures
<br />1,192,950
<br />3,079,623
<br />3,700,000
<br />560,516
<br />4,260,516
<br />Revenue Over/(Under) Expenditures 11,378 551,583 (447,592) (1,014,835)
<br />NOTES:
<br />a - Per the County estimate based on vehicle registration information from Bureau of Motor Vehicles..
<br />b - The 2003 actual and 2004 actual expenditures reflect only cash expended during the year and do not include amounts unspent but
<br />encumbered as of the end of the year.
<br />PROJECTION OF CAPITAL FUNDS AVAILABLE FOR 2006
<br />LRSA Fend cash balance as of 12/31/04
<br />Less: Encumbrances outstanding as of 12/31/04
<br />LRSA Fund 12/31/04 cash balance available for 2005 Capital Projects
<br />2005 Budgeted Revenue (see above)
<br />LRSA funds available for Capital Projects in 2005
<br />2005 Capital Budget (see above)
<br />Projected LRSA funds not appropriated
<br />1,305,646
<br />(271,682)
<br />1,033,964
<br />3,245,681
<br />4,279,645
<br />(4,260,516)
<br />19,129
<br />
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