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THE CITY OF SOUTH BEND
<br />2007 BUDGET -SUMMARY OF MAJOR CHANGES FROM 2006
<br />PARK NON-REVERTING CAPITAL (Fund #405)
<br /> 2005 2006 2006 Anticipated 2007
<br /> Actual Projection Budget Changes Budget
<br />REVENUE:
<br />Non-reverting Zoo Revenue 119,093 128,000 135,000 (10,000) 125,000
<br />Non-reverting Golf Course Revenue 109,150 102,000 108,000 8,000 116,000
<br />Non-reverting East Race Revenue 8,027 8,000 8,000 0 8,000
<br />Non-reverting Ice Rink Revenue 6,171 6,500 8,000 (1,000) 7,000
<br />Non-reverting Picnic Area Revenue 1,497 1,400 2,000 (500) 1,500
<br />Miscellaneous Revenue 5,806 7,000 7,000 0 7,000
<br />Interest on Investments 7,977 0 4,000 0 4,000
<br />Total Revenue 257,721 252,900 272,000 (3,500) 268,500
<br />Total Revenue Increase/(Decrease) (3,500)
<br />Revenue Increase/(Decrease) as a Percent -1.3%
<br />2005 2006 2006 Anticipated 2007
<br />Actual Projection Budget Changes Budget
<br />CAPITAL EXPENDITURES (note a & b):
<br />Park Mtce -East Race, Ice Skating Rink & Forestry 31,539 34,000 34,000 (34,000) 0
<br />Golf Course -Land Improvements 6,300 14,000 24,000 (24,000) 0
<br />Golf Course -Equipment 93,550 95,000 89,000 (89,000) 0
<br />Potawatomi Zoo -Land Improvements 24,455 45,000 45,000 (45,000) 0
<br />Potawatomi Zoo -Building Improvements 44,638 33,000 28,000 (28,000) 0
<br />Potawatomi Zoo -Equipment 42,433 54,500 54,500 (54,500) 0
<br />Total Expenditures 242,915 275,500 274,500 (274,500) 0
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<br />Revenue Overl(Under) Expenditures 14,806 (22,600) (2,500) 268,500
<br />NOTES:
<br />a -The 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. The 2006 expenditures assumes no encumbrances are needed at year-end and all of the
<br />2005 encumbrances are paid in 2006.
<br />b -This fund was established in 1998 for the Park Department Non-Reverting Revenue (excluding Park Recreation
<br />non-reverting revenue which is budgeted in Fund #203). The purpose of this fund is to separate the non-reverting
<br />Park revenue from Park Operations. This revenue has been included in Fund #201 in previous years. These
<br />revenues are collected at their respective locations and are eligible to be used for capital improvements during the
<br />following fiscal year. The revenue from Parks non-reverting fees are appropriated during the Capital Budget process
<br />which is presented to the Common Council for approval in February of each year. The Capital Budget is determined by the
<br />fund's cash on hand at the start of the year.
<br />PROJECTION OF CAPITAL FUNDS AVAILABLE FOR 2007
<br />Park Capital Fund cash balance as of 1/1/06 432,657
<br />2006 Projected Revenue Over/(Under) Expenditures(see above) (22,600)
<br />2007 Projected Revenue Over/(Under) Expenditures(see above) 268,500
<br />Projected Park Capital Fund cash balance as of 12/31/07 678,557
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