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THE CITY OF SOUTH BEND
<br />2007 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2006
<br />SEWER REPAIR /INSURANCE FUND (Fund #640)
<br /> 2005 2006 2006 Anticipated 2007
<br /> Actual Projection Budget Changes Budget
<br />REVENUE:
<br />Sewer Repairlnsurance 531,973 531,900 539,000 (7,100) 531,900
<br />Sewer Repair Deductible 114,446 114,000 120,000 (6,000) 114,000
<br />Interest on Investments 1,529 145 1,200 (1,200) 0
<br />Other Revenue (Loan Repayment) 0 500 0 0 0
<br />Total Revenue 647,948 646,545 660,200 (14,300) a 645,900
<br />Total Revenue Increase/(Decrease) (14,300)
<br />Revenue Increase/(Decrease) as a Percent -2.2°~
<br /> 2005 2006 2006 Salary Other 2007 % of
<br /> Actual Projection Budget Supplemental Changes Budget Change
<br />EXPENDITURES:
<br />Personnel Costs:
<br />Salaries 72,439 75,503 75,503 1,500 0 77,003
<br />Benefits 29,568 33,796 33,796 197 811 b 34,804
<br />Total Personnel Costs 102,007 109,299 109,299 1,697 811 111,807 2.3°~
<br />Supplies 2,003 2,197 2,084 0 850 2,934 40.8°~
<br />Services:
<br />Sewer Repairs 518,834 524,738 520,000 0 (12,000) 508,000
<br />Telephone 886 1,100 700 0 400 1,100
<br />Automotive Equipment Repair 564 800 1,200 0 0 1,200
<br />Misc Employee-related Costs 0 0 0 0 0 0
<br />Total Services 520,284 526,638 521,900 0 (11,600) 510,300 -2.2°~
<br />Other Uses:
<br />Admin Charge (General Fund) 15,212 16,950 16,950 0 (2,088) 14,862
<br />Bad Debt Expense 5,486 7,000 7,000 0 0 7,000
<br />Total Other Uses 20,698 23,950 23,950 0 (2,088) 21,862
<br />Total Expenditures 644,992 662,084 657,233 1,697 (12,027) 646,903
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<br />Total Expenditures Increase/(Decrease) (10,330)
<br />Expenditures Increase/(Decrease) as a Percent -1.6°~
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<br />Revenue Over / (Under) Expenditures 2,956 (15,539) 2,967 (1,003)
<br />NOTES:
<br />a -Adjustment made to reflect actual, based on forecasts number of sewer repairs.
<br />b -Includes an average cost increase of 4°~ for the City's Self-Insurance Health Plan plus any necessary changes from last year's budget
<br />regarding coverage options chosen by employees (i.e., family, single or rebate).
<br />Also includes an increase of the City's mandated contributions to the State's PERF plan which was 4.50°~ of total salary in 2006 to 5.50°~
<br />in 2007. This rate is determined by the Indiana Board of Trustees of PERF on an annual basis.
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