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THE CITY OF SOUTH BEND
<br />2006 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2005
<br />LOCAL ROADS AND STREETS ACCOUNT (Fund #259)
<br />Total Revenue Increase /(Decrease) (122,676)
<br />Revenue Increase/(Decrease) as a Percent -3.8%
<br />2004
<br />2006
<br />2006
<br />Anticipated
<br />2006
<br />LRSA Fund 12/31/05 cash balance available for 2006 Capital Projects
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />(3,023,000)
<br />Projected LR&S Fund cash balance as of 12/31/06
<br />1,013,170
<br />Gasoline Tax (including State Lottery Funds)
<br />1,192,576
<br />1,212,413
<br />1,200,681
<br />(12,676)
<br />1,188,005
<br />Wheel Tax
<br />1,953,079
<br />1,914,530
<br />2,035,000
<br />(110,000) a
<br />1,925,000
<br />Reimbursements
<br />466,251
<br />69,699
<br />0
<br />0
<br />0
<br />Interest on Investments
<br />19,300
<br />52,910
<br />10,000
<br />0
<br />10,000
<br />Total Revenue
<br />3,631,206
<br />3,249,552
<br />3,245,681
<br />(122,676)
<br />3,123,005
<br />Total Revenue Increase /(Decrease) (122,676)
<br />Revenue Increase/(Decrease) as a Percent -3.8%
<br />Revenue Overl(Under) Expenditures 551,583 639,969 (1,014,835) 100,005
<br />NOTES:
<br />a - Per the County estimate based on vehicle registration information from Bureau of Motor Vehicles.
<br />b - The 2004 actual and 2005 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 2007
<br />2004
<br />2005
<br />2005
<br />Anticipated
<br />2006
<br />LRSA Fund 12/31/05 cash balance available for 2006 Capital Projects
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />CAPITAL EXPENDITURES (see note b):
<br />(3,023,000)
<br />Projected LR&S Fund cash balance as of 12/31/06
<br />1,013,170
<br />Street Paving Materials & Repairs
<br />2,094,738
<br />1,430,274
<br />1,800,000
<br />(300,000)
<br />1,500,000
<br />Concrete Street Paving
<br />299,282
<br />272,829
<br />300,000
<br />(100,000)
<br />200,000
<br />Specific Street Improvements
<br />662,516
<br />846,510
<br />2,050,516
<br />(797,516)
<br />1,253,000
<br />Engineering Fees
<br />23,087
<br />51,875
<br />0
<br />0
<br />0
<br />Traffic Signals and Devices
<br />0
<br />8,095
<br />110,000
<br />(40,000)
<br />70,000
<br />Total Capital Expenditures
<br />3,079,623
<br />2,609,583
<br />4,260,516
<br />(1,237,516)
<br />3,023,000
<br />Revenue Overl(Under) Expenditures 551,583 639,969 (1,014,835) 100,005
<br />NOTES:
<br />a - Per the County estimate based on vehicle registration information from Bureau of Motor Vehicles.
<br />b - The 2004 actual and 2005 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 2007
<br />LRSA Fund cash balance as of 12/31/05
<br />1,945,615
<br />Less: Encumbrances outstanding as of 12131!05
<br />(1,032,450)
<br />LRSA Fund 12/31/05 cash balance available for 2006 Capital Projects
<br />913,165
<br />2006 Budgeted Revenue (see above)
<br />3,123,005
<br />LRSA funds available for Capital Projects in 2006
<br />4,036,170
<br />2006 Capital Budget (see above)
<br />(3,023,000)
<br />Projected LR&S Fund cash balance as of 12/31/06
<br />1,013,170
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