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THE CITY OF SOUTH BEND 2005 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2004 CUMULATIVE CAPITAL IMPROVEMENT FUND (Furst[ #407) NOTES: 2003 2004 2004 Anticipated 2005 CCIF Fund cash balance as of 12/31/04 Actual Actual Budget Changes Budget REVENUE: 29� 7,_000L Projected CC €F Fund cash balance as of 12/31/05 - Available for capital appropriations in 2006 28,055 Cigarette Tax Distribution 391,379 402,692 410,676 (5,389) a 405,287 HotellMotel Tax Lease Payment 150,000 150,000 150,000 0 150,000 South Bend Comm School Carp Lease 25,000 75,000 50,000 0 50 p00 Total Revenue 566,379 627,692 610,676 (5,389) 605,287 Total Revenue Increasel(Decrease) -5,389 Revenue Increase/(Decrease) as a Percent -0.9% 2003 2004 2004 Anticlpated 2005 Actual Actual Budget Changes Budget EXPENDITURES: Expenditures approved as a part of the Operating Budget: Century Center Bond Payments 594,000 594,000 590,110 (1,126) 588,984 Expenditures approved as a part of the Capital Budget: Good NeighborslGN - curb & sidewalks 99,695 0 0 0 0 Total Expenditures 693,695 594,000 590,110 1,126 588,984 Revenue Oved(Under) Expenditures (127,316) 33,692 20,566 16,303 NOTES: a - Reflects Slate Auditor's guidelines of $3.76 per capita ($3.76 times 107,769). PROJECTION OF CAPITAL FUNDS AVAILABLE FOR 2006 AND BEYOND CCIF Fund cash balance as of 12/31/04 308,752 2005 Budgeted Revenue (see above) 605,287 2005 Budgeted Expenditures (see above) (588,984) Year -end encumbrance needed for 211106 Century Center Debt Service Payment 29� 7,_000L Projected CC €F Fund cash balance as of 12/31/05 - Available for capital appropriations in 2006 28,055