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Couivrr-Crrr Bu~~ ai~rc 227 W. jaFr-~aso~r 13LW. SOilI'M BEND, 1r~o~nxA 46603-183(3 CSTY DF SOUrE-I 1~FND S'I'EPHFN J. LUFCKE, MAYOR PHDtJE 5741235-921f~ Fnx 5741235-9925 T`DD 5741235-5507 DEPARTMENT OF ADMINISTRATION AND FINANCE FEtEDERICK B. OLLFTT, III CpNTROLLER Apri18, 2005 To the Honorable Mayor Stephen J. Luecke, Members of the City Common Council, and the Residents of the City of South Bend: li is with great pleasure and pride that we submit to you the City of South Bend's 2005 Performance Based Budget. The City has been publishing a budget in this format for eight years; however, significant changes have been made to this document over the past several years which are more fully discussed in later sections of this book. There is a great deal of information in this book and, in an attempt to make it more reader-friendly, we have arranged it in the following five sections. Section A - P©lieies and Goals This section contains specific information on the City's long term goals and objectives, its mission and purpose statements, as well as the Cites financial policies and core values. The section begins with a brief description of the City's strategic planning process and a historic overview of our approach to program and performance based budgeting. Also included in this section are the City's overall financial policy statements covering the budget process, operational procedures, revenues, reserves, debt and investments. The section ends with Mayor Stephen J. Luecke's State of the City Address as it was presented in its entirety to the Com3non Council on January 24, 2045. The Mayor begins by emphasizing the impact that this city has historically had on the community. He reviews the past year's accomplishments, highlights various partnerships that the City has developed over the past several years, and outlines where he believes this community should be headed in the future. Section B -Financial Summary This section provides a general overview of the City's 2005 Operating and Capital Budgets. It starts with the Executive Summary, which contains highlights of the current year's budget as well as the challenges that the City faces in the coming year. This summary also explains the method of accounting used in the budgeting process, and it provides an explanation of the type of funds that are subject to annual appropriations. It presents a summary of major revenues, assumptions used in developing revenue estimates, and sigrufieant revenue trends thus providing a general overview of the total resources utilized by the City, The 2005 Budget (Operating and Capital) is then presented in summary form as it was approved by the Common Council, first by fund type identifying total revenue, expenditures and operating surpluses and then by each fund's major expenditure classification. These summaries are accompanied by a brief description of each of the Crt~s budgeted funds. Also included in this ii