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THE CITY OF SOUTH BEND
<br />2006 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2005
<br />COUNTY OPTION INCOME TAX (Fund #404)
<br />NOTES:
<br />a -The Cityrs portion of this county -wide tax which is shared by clfies and towns within the county
<br />based upon tax levy. Rates will be established in early 2006 and canified distributions will be given at that time.
<br />The actual final budget estimate will be determined by the Department of Local Government & Finance in the fall of 2005 and any adjustments
<br />Will be made to this revenue budget prior to submiding a capita€ appropriation to the Council in February of 2006. This increase is based upon
<br />early estimates.
<br />b - Represents the increase in debt service payments for the Park Department Fitness Extension.
<br />c - The 2064 & 2005 actual expenditures reflect only cash expended during the year and do not include amounts unspent but encumbered
<br />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 />COIT Fund 12131145 Cash balari available for 2006 Capital Projects
<br />Actual
<br />Actual
<br />Budget
<br />Change.
<br />Budget
<br />REVENUE:
<br />7,254,328
<br />2006 Budgeted Expenditures (see above)
<br />(6,644,855)
<br />Projected ED €T Fund cash balance as of 12131106
<br />609,473
<br />County Option Income Tax
<br />7,001,198
<br />5,695,618
<br />5,490,218
<br />54,902 a
<br />5,545,320
<br />Interest c" Investments
<br />148,338
<br />198,693
<br />120,000
<br />0
<br />120,006
<br />Misc Revenue
<br />1,012,813
<br />1 553 334
<br />0
<br />0
<br />0
<br />Total Revenue
<br />8,160,349
<br />7,447,645
<br />5,610,218
<br />54,902
<br />5,665,120
<br />Total Revenue Increasef(Decrease)
<br />54,902
<br />Revenue Increasel(Decreari as a Percent
<br />1.0%
<br />2004
<br />2005
<br />2005
<br />Anticipated
<br />2006
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />EXPENDITURES:
<br />Expenditures approved as a part of the Operating Budget:
<br />Lease Payments- Transpcll-eighton Plaza Garage
<br />200,000
<br />200,000
<br />200,000
<br />0
<br />200,006
<br />Capital Lease Payments- Punic Works Facility
<br />1,222,814
<br />2,412,183
<br />2,408,184
<br />205,897b
<br />2,615,001
<br />Interfund Transfer -Street Department
<br />0
<br />5
<br />0
<br />286,000
<br />280,000
<br />Expenditures appmved as a part of the Capital Budget (note c),
<br />Land Improvements:
<br />Major Project Funds
<br />691,045
<br />0
<br />430,000
<br />(410,000)
<br />0
<br />Cleveland Travel Lanes 111
<br />78,036
<br />0
<br />0
<br />0
<br />0
<br />TJX Project
<br />368,641
<br />0
<br />0
<br />0
<br />0
<br />Building Acquisition -412 S. Lavesyett
<br />0
<br />354,245
<br />450,000
<br />(450,000)
<br />4
<br />Riverside bikeway4-ikway
<br />85,405
<br />105,139
<br />410,000
<br />(410,000)
<br />0
<br />Bro,vnfelds - Contingent Fund
<br />314,302
<br />47,212
<br />800,000
<br />(600,000)
<br />0
<br />Fredrickson ParkfProject
<br />293,832
<br />1,045,745
<br />114,632
<br />350,368
<br />465,000
<br />South Side Development
<br />212,071
<br />370,989
<br />380,000
<br />(38o,000)
<br />0
<br />Northeast Neighborhood Development
<br />0
<br />350,433
<br />500,000
<br />0
<br />560,000
<br />Sample Ewing Development
<br />0
<br />45,470
<br />112,220
<br />(112,220)
<br />0
<br />South Bend Central Development
<br />0
<br />85,200
<br />200 000
<br />(200,006)
<br />0
<br />City Wide Projects
<br />0
<br />178,277
<br />293,000
<br />(293,000)
<br />0
<br />Main & Lafayette Crossover Project
<br />0
<br />0
<br />0
<br />500,000
<br />500,000
<br />TJX Bond Payment
<br />0
<br />0
<br />0
<br />391,970
<br />391,970
<br />TJX VRP Participation
<br />0
<br />0
<br />0
<br />67,600
<br />87,800
<br />Fiber Optic Cable - 933
<br />100,001
<br />0
<br />0
<br />0
<br />0
<br />Oliver Plow Works Court
<br />242,617
<br />0
<br />0
<br />0
<br />0
<br />Southeast Park
<br />90,682
<br />0
<br />0
<br />0
<br />C
<br />St. Joseph River Dam repairs
<br />1,232,921
<br />110,312
<br />0
<br />0
<br />0
<br />Memorial Park Scat Ramp
<br />17,289
<br />0
<br />0
<br />0
<br />0
<br />Root Repairs - CBnen,Nevman & Erskine
<br />80,554
<br />0
<br />0
<br />0
<br />0
<br />Playground Equipment- --she Park
<br />10,305
<br />6
<br />0
<br />0
<br />0
<br />King Center Phanse 111
<br />170,567
<br />0
<br />1)
<br />0
<br />Relocation of Park Maintenance Facility
<br />1,355,340
<br />1,382,692
<br />213,800
<br />(213,806)
<br />0
<br />Other misc projects
<br />203,024
<br />1,268,650
<br />1,104,988
<br />(967,738)
<br />137,250
<br />BuildlnWBuilding Improvements:
<br />Fire Station Design, Build & Site Acquisition
<br />0
<br />106,131
<br />700,000
<br />Q00,000)
<br />0
<br />Sample Ewing Development
<br />0
<br />522,427
<br />510,223
<br />{510,223)
<br />0
<br />Other misc projects
<br />0
<br />198,014
<br />570,000
<br />(670,000)
<br />0
<br />Potawotomi Park Shelter House
<br />66,417
<br />30,536
<br />0
<br />0
<br />0
<br />Community & Neighborhood Development:
<br />Commercial Corridors improvements
<br />748,449
<br />1,460,744
<br />1,110,273
<br />(92,870)
<br />1,017,403
<br />Downtovm improvements l SBDP Funds
<br />531,381
<br />339,573
<br />350,000
<br />{350,000)
<br />0
<br />Colfax Garage - Transpo payment
<br />0
<br />0
<br />0
<br />200,000
<br />200,000
<br />Good Neighbors Building Block Grants
<br />70,859
<br />71,354
<br />60,000
<br />0
<br />80,000
<br />Community -based After School Programs
<br />128,215
<br />134,565
<br />163,712
<br />5,539
<br />170,351
<br />Logan Building Assistance
<br />175,000
<br />175,400
<br />0
<br />0
<br />0
<br />Other misc projects
<br />656,635
<br />194,401
<br />0
<br />0
<br />0
<br />Total Expenditures
<br />9,546,402
<br />11,186,892
<br />11,181.032
<br />(4,535,177)
<br />6,644,855
<br />Revenue Overf(Undar) Expenditures
<br />{3,739,247)
<br />(5,570,814}
<br />(1,386,053)
<br />{979,735)
<br />NOTES:
<br />a -The Cityrs portion of this county -wide tax which is shared by clfies and towns within the county
<br />based upon tax levy. Rates will be established in early 2006 and canified distributions will be given at that time.
<br />The actual final budget estimate will be determined by the Department of Local Government & Finance in the fall of 2005 and any adjustments
<br />Will be made to this revenue budget prior to submiding a capita€ appropriation to the Council in February of 2006. This increase is based upon
<br />early estimates.
<br />b - Represents the increase in debt service payments for the Park Department Fitness Extension.
<br />c - The 2064 & 2005 actual expenditures reflect only cash expended during the year and do not include amounts unspent but encumbered
<br />as of the end of the year.
<br />PROJECTION OF CAPITAL FUNDS AVAILABLE FOR 2007
<br />COIT Fund cash balance as of 12131)05
<br />7,295,240
<br />Less: Encumbrances outstanding as of 12131105
<br />(5,139,520)
<br />COIT Fund 12131145 Cash balari available for 2006 Capital Projects
<br />2,155,720
<br />2006 Budgeted Revenue (sea above)
<br />5,665,120
<br />Less: Reserve (20% of projected 2066 revenue) not available for appropriation
<br />(5W.512)
<br />Projected LOUT Funds available for Expenditures in 2006
<br />7,254,328
<br />2006 Budgeted Expenditures (see above)
<br />(6,644,855)
<br />Projected ED €T Fund cash balance as of 12131106
<br />609,473
<br />
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