THE CITY OF SOUTH BEND
<br />2006 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2005
<br />CUMULATIVE CAPITAL DEVELOPMENT FUND (Fund #406)
<br />Revenue Overl(Under) Expenditures (258,515) 148,225 160,303 (211,425)
<br />NOTES:
<br />a -The tax rate will remain the same at $0.5 per $100 Net Assessed Valuation (NAV). The NAV has been reduced as a result of the
<br />Commercial Vehicle Excise Tax assessment.
<br />b - Represents the Department of Local Government & Finance estimate.
<br />c - Increase represents new lease payment for various equipment that was approved in the 2005 capital budget.
<br />d - The 2004 & 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 AND BEYOND
<br />2004
<br />2005
<br />2005
<br />Anticipated
<br />2006
<br />CCDF Fund cash balance as of 12/31/05
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />1,247,653
<br />for capital appropriations in 2007
<br />General Property Taxes
<br />595,024
<br />1,004,779
<br />1,047,825
<br />26,697 a
<br />1,074,522
<br />Auto Excise Taxes
<br />63,193
<br />62,360
<br />62,720
<br />0 b
<br />62,720
<br />Commercial Vehicle Excise Tax
<br />14,083
<br />14,764
<br />14,831
<br />742 a
<br />15,573
<br />Financial Institutions Tax
<br />2,951
<br />2,893
<br />2,385
<br />0
<br />2,385
<br />Reimbursements
<br />0
<br />23,111
<br />61,775
<br />(61,775)
<br />0
<br />Interest on Investments
<br />18,158
<br />49,285
<br />13,000
<br />7,000
<br />20,000
<br />Total Revenue
<br />693,409
<br />1,157,192
<br />1,202,536
<br />(27,336)
<br />1,175,200
<br />Total Revenue Increase/(Decrease)
<br />(27,336)
<br />Revenue Increasel(Decrease) as a Percent
<br />-2.3 %
<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 />Payments Due on Outstanding Leases:
<br />Various master leases
<br />96,799
<br />93,668
<br />93,262
<br />257,218 c
<br />350,480
<br />Computer Maintenance
<br />82,325
<br />85,112
<br />100,270
<br />(800)
<br />99,470
<br />Expenditures approved as a part of the Capital Budget (see
<br />note d):
<br />Motor Vehicles & Equipment
<br />182,918
<br />330,674
<br />373,785
<br />92,690
<br />466,475
<br />Computer Equipment & Networking
<br />589,882
<br />499,513
<br />474,916
<br />(4,716)
<br />470,200
<br />Total Expenditures
<br />951,924
<br />1,008,967
<br />1,042,233
<br />344,392
<br />1,386,625
<br />Revenue Overl(Under) Expenditures (258,515) 148,225 160,303 (211,425)
<br />NOTES:
<br />a -The tax rate will remain the same at $0.5 per $100 Net Assessed Valuation (NAV). The NAV has been reduced as a result of the
<br />Commercial Vehicle Excise Tax assessment.
<br />b - Represents the Department of Local Government & Finance estimate.
<br />c - Increase represents new lease payment for various equipment that was approved in the 2005 capital budget.
<br />d - The 2004 & 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 AND BEYOND
<br />CCDF Fund cash balance as of 12/31/05
<br />2,039,914
<br />Less: Encumbrances outstanding as of 12/31/05
<br />(580,836)
<br />CCDF Fund cash balance as of 12/31/05
<br />1,459,078
<br />2006 Budgeted Revenue (see above)
<br />1,175,200
<br />2006 Budgeted Expenditures (see above)
<br />(1,386,625)
<br />Projected CCDF Fund cash balance as of 12/31/06 - Available
<br />1,247,653
<br />for capital appropriations in 2007
<br />
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