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THE CITY OF SOUTH BEND
<br />2005 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2004
<br />WATER REPAIR 1 INSURANCE FUND (Fund #644)
<br />NOTES:
<br />a - Reflects anticipated short term borrowing from Water Works Fund (620) to cover the cash shortfall.
<br />b - Decrease due to stop box repairs being funded by Water Works.
<br />CASH BALANCE PROJECTION
<br />Water Leak Insurance Fund cash balance as of 12/31/04 55,211
<br />2005 budget overage/(deficit) (above) (18,120)
<br />Projected Water Leak Insurance Fund cash balance as of 12/31/05 37,091
<br />2003
<br />2004
<br />2004
<br />Anticipated
<br />2005
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />Water Leak Insurance
<br />698,977
<br />694,617
<br />710,000
<br />0
<br />710,000
<br />Interfund Transfer -Short -term Loan
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Interfund Transfer from Water Works
<br />61,400
<br />0
<br />190,000
<br />(105,000) a
<br />85,000
<br />Total Revenue
<br />760,377
<br />694,617
<br />900,000
<br />(105,000)
<br />795,000
<br />Total Revenue Increasel(Decrease)
<br />3,731
<br />6,000
<br />(1,000)
<br />(105,000)
<br />Revenue Increasel(Decrease) as a Percent
<br />870,115
<br />_3,495
<br />868,985
<br />883,194
<br />(70,074)
<br />-11.7%
<br />NOTES:
<br />a - Reflects anticipated short term borrowing from Water Works Fund (620) to cover the cash shortfall.
<br />b - Decrease due to stop box repairs being funded by Water Works.
<br />CASH BALANCE PROJECTION
<br />Water Leak Insurance Fund cash balance as of 12/31/04 55,211
<br />2005 budget overage/(deficit) (above) (18,120)
<br />Projected Water Leak Insurance Fund cash balance as of 12/31/05 37,091
<br />2003
<br />2004
<br />2004
<br />Anticipated
<br />2005
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />EXPENDITURES:
<br />Other Uses:
<br />Plumbing Contractors
<br />851,345
<br />850,196
<br />861,900
<br />(71,900) b
<br />790,000
<br />Interfund Transfer (loan repayment)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Admin Charges (General Fund)
<br />15,039
<br />15,294
<br />15,294
<br />2,826
<br />18,120
<br />Bad Debt Expense
<br />3,731
<br />6,000
<br />(1,000)
<br />5,000
<br />Total Other Uses
<br />870,115
<br />_3,495
<br />868,985
<br />883,194
<br />(70,074)
<br />813,120
<br />Total Expenditures
<br />870,115
<br />868,985
<br />883,194
<br />(70,074)
<br />813,120
<br />Total Expenditures Increasel(Decrease)
<br />(70,074)
<br />Expenditures Increasel(Decrease) as a Percent
<br />-7.9%
<br />Revenue Over! (Under) Expenditures
<br />(174,368)
<br />16,806
<br />(109,738)
<br />(18,120)
<br />NOTES:
<br />a - Reflects anticipated short term borrowing from Water Works Fund (620) to cover the cash shortfall.
<br />b - Decrease due to stop box repairs being funded by Water Works.
<br />CASH BALANCE PROJECTION
<br />Water Leak Insurance Fund cash balance as of 12/31/04 55,211
<br />2005 budget overage/(deficit) (above) (18,120)
<br />Projected Water Leak Insurance Fund cash balance as of 12/31/05 37,091
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