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THE CITY OF SOUTH BEND
<br />2005 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2004
<br />CENTURY CENTER (Fund #670)
<br />NOTES:
<br />a - Reflects no change received from Hotel/Motel Taxes over the previous year for operations,
<br />b - Reflects the actual level of revenue anticipated based upon projections for 2003.
<br />c- Reflects the estimated decrease form South Send School Corp. on a restructured parking agreement for school events plus the additional funding
<br />from the City General Fund ($3,000) to help offset this decrease.
<br />d • Represents a salary increase for Director - Events Services ($450), Director- Building Engineer ($3,582}, Secretary to the Board ($333),
<br />Director of Media Services ($1,664), Manager of Media Services ($625) and Media Services Technician ($53B). Also, the promotion of
<br />a Secretary II to a Secretary III ($1,162).
<br />e - Reflects the increase to Extra & Overtime and Permanent Part Time.
<br />f - 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 (Le., family, 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 Indiana Board of Trustees of PERF on an annual basis.
<br />g - Lease purchase payments decrease due to leases maturing during 2004.
<br />h - Reflects anticipated increases in repairs to the building because of aging.
<br />i - Reflects an anticipated 25% increase for equipment repairs due to the age of the equipment.
<br />In order to request the proposed 2005 Budget, it is necessary to Identify the fund's cash balance which should be availati to absorb the budget deficit.
<br />CASH BALANCE PROJECTION (necessary to cover deficit budget)
<br />Century Center Fund cash balance as of 12131/03 6,733
<br />2005 budget overagel(deficit) - (above) (113,218)
<br />Projected Century Center Fund cash balance as of 12131!05' (106485)
<br />'This deficit will be covered by the transfer of funds from the Century Center reserve for capital.
<br />2003
<br />2004
<br />2004
<br />Anticipated
<br />2005
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />HotellMotel Tax Allocation
<br />1,130,612
<br />1,164,493
<br />1,164,493
<br />0 a
<br />1,164,493
<br />Room Rental
<br />404,900
<br />243,546
<br />551,005
<br />10,639 b
<br />561,845
<br />Catering Commission
<br />601,265
<br />653,420
<br />514,218
<br />11,443 b
<br />625,661
<br />Parking
<br />218,544
<br />220,670
<br />256,622
<br />(14,668) c
<br />242,254
<br />Equipment Rental
<br />146,844
<br />142,469
<br />159,253
<br />1,083 b
<br />170,336
<br />AN Tech Time
<br />31,351
<br />33,020
<br />37,907
<br />5,053 b
<br />42,980
<br />Art Center Rent
<br />65,000
<br />65,000
<br />65,000
<br />0
<br />65,000
<br />MamottlSkywalk
<br />11,990
<br />14,442
<br />17,325
<br />1,733
<br />19,058
<br />Management Fee from Hall of Fame
<br />50,000
<br />50,000
<br />50,000
<br />0
<br />50,000
<br />Interest Income
<br />2,359
<br />551
<br />2,810
<br />(1,810) b
<br />1,000
<br />NFF Employee Reimbursement
<br />0
<br />11,339
<br />29,131
<br />1,165 b
<br />30,296
<br />Miscellaneous Income
<br />220.409
<br />408,078
<br />91,142
<br />7,208 b
<br />98,350
<br />Total Revenue
<br />2,883,374
<br />3,007,028
<br />3,049,107
<br />21,946
<br />3,071,053
<br />Total Revenue Increasel(Decrease)
<br />21,946
<br />Revenue Increasel(Oecrease) as a Percent
<br />0.7%
<br />Revenue Increasel(Oecrease) as a Percent - excluding Hotel/Motel Tax increases
<br />0.7%
<br />2003
<br />2004
<br />2004
<br />Salary
<br />Personnel
<br />Other
<br />2005
<br />%of
<br />Actual
<br />Actual
<br />Budget
<br />Ordinance
<br />Changes
<br />Change
<br />Budget
<br />Change
<br />EXPENDITURES:
<br />Personnel Costs
<br />Salaries
<br />1,394,581
<br />1,482,857
<br />1,545,219
<br />46,232
<br />8,354 d
<br />(15,109) a
<br />1,584,696
<br />Benefits
<br />320,195
<br />439,805
<br />426,_470
<br />5.386
<br />911 d
<br />259 f
<br />433,026
<br />Total Personnel Costs
<br />1,714,756
<br />11,922,1382 ............_
<br />X971 689
<br />51,618
<br />9.265
<br />(14850)
<br />2,017,722
<br />2,3%
<br />Supplies:
<br />Maintenance Supplies
<br />26,933
<br />30,191
<br />40,995
<br />0
<br />0
<br />0
<br />40,995
<br />Clearing Supplies
<br />26,438
<br />22,544
<br />30,600
<br />0
<br />0
<br />0
<br />30,600
<br />Building Materials
<br />19,136
<br />17,716
<br />18,400
<br />0
<br />0
<br />0
<br />18,400
<br />Uniforms
<br />9,481
<br />8,241
<br />15,000
<br />0
<br />0
<br />(1,500)
<br />13,500
<br />Other Supplies
<br />16,151
<br />17,651
<br />16,700
<br />0
<br />0
<br />1.500
<br />18,200
<br />Total Supplies
<br />98,139
<br />96,343
<br />121,695
<br />0
<br />0
<br />0
<br />121,895
<br />0.0%
<br />Service
<br />Electric
<br />242,615
<br />277,539
<br />235,000
<br />0
<br />0
<br />5,000
<br />240,000
<br />Gas
<br />109,662
<br />87,275
<br />105,000
<br />0
<br />0
<br />0
<br />105,000
<br />Water & Trash
<br />31,977
<br />32,371
<br />31,000
<br />0
<br />0
<br />(3,000)
<br />28,000
<br />Security Services
<br />176,283
<br />192,561
<br />179,484
<br />0
<br />0
<br />8,986
<br />188,450
<br />Capital Lease Payments
<br />90,638
<br />53,783
<br />47,946
<br />0
<br />0
<br />(28,174) g
<br />19,772
<br />Building Repair
<br />42,680
<br />57,174
<br />49,416
<br />0
<br />0
<br />6,564 h
<br />56,000
<br />Promotions l Marketing
<br />81,566
<br />84,820
<br />89,000
<br />0
<br />0
<br />0
<br />89,000
<br />Liability Allocation
<br />82,584
<br />82,894
<br />82,584
<br />0
<br />0
<br />572
<br />63,156
<br />Equipment Repair
<br />52,719
<br />57,003
<br />57,500
<br />0
<br />0
<br />15,500 1
<br />73,000
<br />Equ ipment Rental
<br />16,430
<br />6,524
<br />12,000
<br />0
<br />0
<br />0
<br />12,000
<br />Telephone & Communications
<br />26,314
<br />25,446
<br />21,000
<br />0
<br />0
<br />2,500
<br />23,600
<br />Miscellaneous Coritractuals
<br />39,609
<br />36,221
<br />41,000
<br />0
<br />0
<br />0
<br />41,000
<br />Other Misc Services
<br />16,186
<br />38,797
<br />18,710
<br />0
<br />0
<br />(1,000)
<br />17.710
<br />Total Services
<br />1,011,463
<br />1,032,408
<br />989,620
<br />0
<br />0
<br />7,068
<br />976,688
<br />0.7%
<br />Other Charges:
<br />Administrative Fees
<br />60,967
<br />63,059
<br />63,059
<br />0
<br />0
<br />1,148
<br />64,205
<br />Central Services
<br />3,260
<br />3,457
<br />3,457
<br />0
<br />0
<br />504
<br />3,961
<br />Total Other Charges
<br />64,227
<br />66,516
<br />66,516
<br />0
<br />0
<br />1,650
<br />68,166
<br />Total Expenditures
<br />2,888,585
<br />3,117,929
<br />3,129,520
<br />51,618
<br />9,265
<br />(8,132)
<br />3,184,271
<br />Total Expenditures €ncreasel(Decrease)
<br />54,751
<br />Expenditures Increasel(Decrease} as a Percent
<br />1.7%
<br />Revenue Overl(Under) Expenditures
<br />�5,211�
<br />11�0,9�
<br />60,413
<br />(113,216)
<br />NOTES:
<br />a - Reflects no change received from Hotel/Motel Taxes over the previous year for operations,
<br />b - Reflects the actual level of revenue anticipated based upon projections for 2003.
<br />c- Reflects the estimated decrease form South Send School Corp. on a restructured parking agreement for school events plus the additional funding
<br />from the City General Fund ($3,000) to help offset this decrease.
<br />d • Represents a salary increase for Director - Events Services ($450), Director- Building Engineer ($3,582}, Secretary to the Board ($333),
<br />Director of Media Services ($1,664), Manager of Media Services ($625) and Media Services Technician ($53B). Also, the promotion of
<br />a Secretary II to a Secretary III ($1,162).
<br />e - Reflects the increase to Extra & Overtime and Permanent Part Time.
<br />f - 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 (Le., family, 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 Indiana Board of Trustees of PERF on an annual basis.
<br />g - Lease purchase payments decrease due to leases maturing during 2004.
<br />h - Reflects anticipated increases in repairs to the building because of aging.
<br />i - Reflects an anticipated 25% increase for equipment repairs due to the age of the equipment.
<br />In order to request the proposed 2005 Budget, it is necessary to Identify the fund's cash balance which should be availati to absorb the budget deficit.
<br />CASH BALANCE PROJECTION (necessary to cover deficit budget)
<br />Century Center Fund cash balance as of 12131/03 6,733
<br />2005 budget overagel(deficit) - (above) (113,218)
<br />Projected Century Center Fund cash balance as of 12131!05' (106485)
<br />'This deficit will be covered by the transfer of funds from the Century Center reserve for capital.
<br />
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