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THE CITY OF SOUTH BEND
<br />2006 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2005
<br />REDEVELOPMENT COMMISSION - FOOTBALL HALL OF FAME BOND (Fund #313)
<br />Revenue Over l (Under) Expenditures (492,148) (67,949) 105,165 11,583
<br />NOTES:
<br />a - Estimated amounts. The Department of Local Government and Finance will provide final numbers in January 2006.
<br />PROJECTION OF CASH BALANCE NEEDED FOR DEBT SERVICE PAYMENTS
<br />College Football Hall of Fame Bond Fund cash balance as of 111106 653,529
<br />2006 Budget excess (above) 11,583
<br />Projected CFHFB cash balance as of 12/31/06 665,112
<br />Debt Service payment due 1128107 (703,500)
<br />Projected cash balance after 1128107 payment (assuming 100% receipt of 2006 tax levy) (38,388)
<br />2004
<br />2005
<br />2005
<br />Anticipated
<br />2006
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />General Property Tax
<br />783,550
<br />1,246,067
<br />1,421,609
<br />(81,134) a
<br />1,340,475
<br />Auto Excise
<br />83,529
<br />77,121
<br />82,083
<br />(9,705) a
<br />72,378
<br />Commercial Vehicle Excise Tax
<br />5,054
<br />7,434
<br />7,373
<br />(1,743) a
<br />5,630
<br />Miscellaneous Revenue
<br />49,103
<br />10,429
<br />0
<br />0
<br />0
<br />Total Revenue
<br />921,236
<br />1,341,051
<br />1,511,065
<br />(92,582)
<br />1,418,483
<br />Revenue Over l (Under) Expenditures (492,148) (67,949) 105,165 11,583
<br />NOTES:
<br />a - Estimated amounts. The Department of Local Government and Finance will provide final numbers in January 2006.
<br />PROJECTION OF CASH BALANCE NEEDED FOR DEBT SERVICE PAYMENTS
<br />College Football Hall of Fame Bond Fund cash balance as of 111106 653,529
<br />2006 Budget excess (above) 11,583
<br />Projected CFHFB cash balance as of 12/31/06 665,112
<br />Debt Service payment due 1128107 (703,500)
<br />Projected cash balance after 1128107 payment (assuming 100% receipt of 2006 tax levy) (38,388)
<br />2004
<br />2006
<br />2005
<br />Anticipated
<br />2006
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />EXPENDITURES:
<br />Debt Service:
<br />Semi - annual Lease Payment
<br />1,405,000
<br />1,403,500
<br />1,403,500
<br />1,000
<br />1,404,500
<br />Paying Agent Fees /Interest
<br />8,384
<br />5,500
<br />2,400
<br />0
<br />2,400
<br />Total Expenditures
<br />1,413,384
<br />1,409,000
<br />1,405,900
<br />1,000
<br />1,406,900
<br />Revenue Over l (Under) Expenditures (492,148) (67,949) 105,165 11,583
<br />NOTES:
<br />a - Estimated amounts. The Department of Local Government and Finance will provide final numbers in January 2006.
<br />PROJECTION OF CASH BALANCE NEEDED FOR DEBT SERVICE PAYMENTS
<br />College Football Hall of Fame Bond Fund cash balance as of 111106 653,529
<br />2006 Budget excess (above) 11,583
<br />Projected CFHFB cash balance as of 12/31/06 665,112
<br />Debt Service payment due 1128107 (703,500)
<br />Projected cash balance after 1128107 payment (assuming 100% receipt of 2006 tax levy) (38,388)
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