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THE CITY OF SOUTH BEND
<br />2005 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2004
<br />SEWER REPAIR I INSURANCE FUND (Fund #640)
<br />EXPENDITURES:
<br />Personnel Costs:
<br />Salaries
<br />Benefits
<br />Total Personnel Costs
<br />Supplies
<br />Services:
<br />Sewer Repairs
<br />Telephone
<br />Automotive Equipment Repair
<br />Miso Employee- related Costs
<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 Inereasel(Decrease)
<br />Expenditures Increase l(Decrease) as a Percent
<br />38,545
<br />2003
<br />2004
<br />2004
<br />Anticipated
<br />2005
<br />74,518
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />30,050
<br />49,447
<br />101,195
<br />101,080
<br />2,993
<br />Sewer Repair Insurance
<br />539,975
<br />536,471
<br />547,000
<br />0
<br />547,000
<br />Sewer Repair Deductible
<br />105,020
<br />113,564
<br />102,500
<br />22,500 a
<br />125,000
<br />Interest on Investments
<br />1,187
<br />1,004
<br />1,000
<br />0
<br />1,000
<br />Other Revenue (Loan Repayment)
<br />0
<br />77
<br />0
<br />0
<br />0
<br />Total Revenue
<br />648,182
<br />851,116
<br />850,500
<br />22,500
<br />673,000
<br />Total Revenue Increasel(Decrease)
<br />0
<br />212
<br />0
<br />0
<br />22,500
<br />Revenue Increasel(Decrease) as a Percent
<br />408
<br />542,547
<br />577,710
<br />524 400
<br />3.5%
<br />0
<br />2003
<br />2004
<br />2004
<br />Salary Personnel Other
<br />2005 % of
<br />Actual
<br />Actual
<br />Budget
<br />Ordinance Changes Changes
<br />Budget Change
<br />EXPENDITURES:
<br />Personnel Costs:
<br />Salaries
<br />Benefits
<br />Total Personnel Costs
<br />Supplies
<br />Services:
<br />Sewer Repairs
<br />Telephone
<br />Automotive Equipment Repair
<br />Miso Employee- related Costs
<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 Inereasel(Decrease)
<br />Expenditures Increase l(Decrease) as a Percent
<br />38,545
<br />71,599
<br />71,248
<br />2,681
<br />1,541
<br />b (952)
<br />74,518
<br />10,902
<br />29,596
<br />29,832
<br />312
<br />180
<br />to (264) c
<br />30,050
<br />49,447
<br />101,195
<br />101,080
<br />2,993
<br />1,721
<br />(1,216)
<br />104,578 3.5%
<br />1,381
<br />1,781
<br />1,580
<br />0
<br />0
<br />254 d
<br />1,834 16.1%
<br />540,864
<br />575,552
<br />522,000
<br />0
<br />0
<br />63,000 a
<br />585,000
<br />1,118
<br />697
<br />1,500
<br />0
<br />0
<br />(B00)
<br />700
<br />565
<br />1,249
<br />900
<br />0
<br />0
<br />300
<br />1,200
<br />0
<br />212
<br />0
<br />0
<br />0
<br />408
<br />408
<br />542,547
<br />577,710
<br />524 400
<br />0
<br />0
<br />62,908
<br />587,308 12.0%
<br />13,826
<br />15,847
<br />5,519
<br />6,976
<br />19,345
<br />22,823
<br />612,720
<br />703,509
<br />Revenue Over! (Under) Expenditures 33,462 (52,393)
<br />15,847
<br />0
<br />0
<br />(635)
<br />15,212
<br />5,500
<br />0
<br />0
<br />5,000
<br />6,500
<br />21,347
<br />0
<br />0
<br />365
<br />21,712
<br />648,407
<br />2,993
<br />1,721
<br />62,311
<br />715,432
<br />67,025
<br />10.3%
<br />2,093
<br />(42,432}
<br />NOTES:
<br />a - Adjustment made to reflect actual, based on forecasts number of sewer repairs.
<br />to - Reflects the increase to budget to bring the Administrative Assistant up to the maximum budget under the salary ordinance,
<br />c - Maintains no increase in total cost 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., famity, single or rebate).
<br />Also includes a increase of the City's mandated contributions to the State's PERF plan which was 4% of total salary In 2004 to 4.25% in 2005.
<br />This rate is determined by the fndiana Board of Trustees of PERF on an annual basis.
<br />d - Reflects the anticipated level of expenditure for gas which is being estimated at $1.75 per gallon in 2005.
<br />a - Represents an adjustment to reflect anticipated increase in expense.
<br />CASH BALANCE PROJECTION (necessary to cover deflclt budget)
<br />Sewer Repair Insurance Fund cash balance as of 12131/04 85,066
<br />2005 budget overagel(defiicit) - (above) (42,432)
<br />Projected Sewer Repair insurance Fund cash balance as of 12/31/05 42,634
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