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THE CITY OF SOUTH BEND <br />2007 BUDGET -SUMMARY OF MAJOR CHANGES FROM 2006 <br />CUMULATIVE CAPITAL IMPROVEMENT FUND (Fund #407) <br />REVENUE: <br />Cigarette Tax Distribution <br />Hotel/Motel Tax Lease Payment <br />South Bend Comm School Corp Lease <br />Total Revenue <br />Total Revenue Increase/(Decrease) <br />Revenue Increase/(Decrease) as a Percent <br />EXPENDITURES: <br />Expenditures approved as a part of the Operating Budget: <br />Century Center Bond Payments <br />Total Expenditures <br />Revenue Over/(Under) Expenditures <br />2005 2006 2006 Anticipated 2007 <br />Actual Projection Budget Changes Budget <br />333,711 378,691 375,106 3,233 a 378,339 <br />150,000 150,000 150,000 0 150,000 <br />50,000 50,000 50,000 0 50,000 <br />533,711 578,691 575,106 3,233 578,339 <br />3,233 <br />0.6% <br />2005 2006 2006 Anticipated 2007 <br />Actual Projection Budget Changes Budget <br />594,000 591,883 591,883 (3,163) 588,720 <br />594,000 591,883 591,883 (3,163) 588,720 <br />(60,289) (13,192) (16,777) <br />NOTES: <br />a -Reflects State Auditor's guidelines of $3.51 per capita ($3.51 times 107,789). <br />PROJECTION OF CAPITAL FUNDS AVAILABLE FOR 2007 AND BEYOND <br />CCIF Fund cash balance as of 1/1/06 248,463 <br />2006 Projected Revenue (see above) 578,691 <br />2006 Projected Expenditures including 2005 encumbrances (see above) (591,883) <br />Year-end encumbrance needed for 2/1/07 Century Center Debt Service Payment (297,000) <br />(10,381) <br />Projected CCIF Fund cash balance as of 12/31/06 -Available for capital appropriations in 2007 (61,729) <br />