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THE CITY OF SOUTH BEND
<br />2006 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2005
<br />REDEVELOPMENT COMMISSION - STUDEBAKER BOND (Fund #310)
<br />REVENUE:
<br />General Property Tax
<br />Auto Excise
<br />Commercial Vehicle Excise Tax
<br />Total Revenue
<br />Total Revenue Increase /(Decrease)
<br />Revenue Increasel(Decrease) as a Percent
<br />EXPENDITURES:
<br />Debt Service:
<br />Current Year Principal
<br />Current Year Interest
<br />Inter -Fund
<br />Paying Agent Fees
<br />Total Expenditures
<br />2004 2005
<br />Actual Actual
<br />367,338
<br />565,420
<br />39,160
<br />34,995
<br />2,370
<br />3,374
<br />408,868
<br />603,789
<br />2004 2005
<br />Actual Actual
<br />590,000 615,000
<br />68,875
<br />44,152
<br />0
<br />0
<br />3,307
<br />0
<br />662,182
<br />659,152
<br />Total Expenditures Increasel(Decrease)
<br />Expenditures Increasel(Decrease) as a Percent
<br />2005
<br />Anticipated
<br />2006
<br />Budget
<br />Changes
<br />Budget
<br />664,403
<br />(78,976) a
<br />585,427
<br />38,952
<br />(6,080) a
<br />32,872
<br />3,434
<br />.11,001) a
<br />2,433
<br />706,789
<br />(86,057)
<br />620,732
<br />(86,057)
<br />-12.2%
<br />2005
<br />Anticipated
<br />2006
<br />Budget
<br />Changes
<br />Budget
<br />615,000
<br />(295,000) b
<br />320,000
<br />39,445
<br />(31,285) b
<br />8,160
<br />10,401
<br />(10,401)
<br />0
<br />2,500
<br />0
<br />2,500
<br />667,346
<br />(336,686)
<br />330,660
<br />(336,686)
<br />- 50.5%
<br />Revenue Over! (Under) Expenditures (253,314) (55,363) 39,443 290,072
<br />NOTES:
<br />a - Estimated amounts, The Department of Local Government and Finance will provide final numbers in January 2006.
<br />b - Represents the change in debt service scheduled for payment in 2006.
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