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6::r' '''S) <br /> Department of Administration & Finance <br /> Divisions of Finance, Human Resources, Safety & Risk, Central Services & Purchasing <br /> 2018 Annual Report <br /> Department of Administration and Finance hosted a Resident Budget Feedback session in the Spring of <br /> 2018 to ensure that resident feedback and priorities were incorporated into the budget process. <br /> o The City of South Bend received the Distinguished Budget Presentation Award from the Government <br /> Finance Officers Association (GFOA)for its 2018 Budget. This was the 4th year the City had received the <br /> award. <br /> o Financial Reporting <br /> o The City of South Bend received the Certificate of Achievement for Excellence in Financial Reporting <br /> award from the Government Finance Officers Association (GFOA) for its Comprehensive Annual Financial <br /> Report (CAFR)for the fiscal year ended December 31, 2017. This was the 28th consecutive year that the <br /> City of South Bend has received the award. <br /> o The City of South Bend received the Popular Annual Financial Reporting Award (PAFR Program)from the <br /> Government Finance Officers Association (GFOA)for the fiscal year ended December 31, 2016.This was <br /> the 3rd year that the City of South Bend has received the award. <br /> o Financial Position <br /> o Liquidity <br /> ■ Overall cash and investment balance continued to grow throughout 2018. The City now has <br /> roughly 84% of budgeted 2019 City expenditures on hand, which compares favorably to the cash <br /> on hand maintained by other Indiana Second Class Cities (see Chart 1 below): <br /> Chart 1: Cash and Investments <br /> Indiana Second Class Cities <br /> Latest data available via the Indiana Department of Local Government Finance <br /> Annual Cash as a%of 1 <br /> City Cash&Inv Expenditures Expenditures <br /> Elkhart $144.451.624 $115.997.549 124.5% <br /> Bloomington $174.579.084 $148.783.929 117.3% <br /> Noblesville $112.756.010 $119.138.417 94 6% <br /> Columbus $95.992.054 $104.447.337 91.9% <br /> South Bend $309.811.785 $368.227.709 84.1% <br /> Jeffersonville $91.554.536 $114.960.362 79.6% <br /> Fishers $135.584.159 $177.699.149 76.3% <br /> Kokomo $81.069.648 $108.745.212 74.6% <br /> Fort Wayne $407.036.470 $577.212.410 70.5% <br /> Westfield $45.621.172 $69.903.591 65.3% <br /> Evansville $251.521.334 $396.583.395 63.4% <br /> New Albany $53.981.387 $85.382.261 63.2% <br /> Mishawaka $115.499.328 $186.404.957 62.0% <br /> Anderson $118.794.380 $221.421.833 53.7% <br /> Richmond $82.210.193 $165.452.736 49 7% <br /> Lafayette $122.151.234 $246.513.926 49.6% <br /> 3 Hammond $123.262.003 $267.834.993 46.0% <br /> Portage 837.734.290 $86.036.412 43.9% <br /> Merrillville $20.909.183 $54.934.384 38.1% <br /> Terre Haute $39.157,473 $113.984.063 34.4% <br /> Carmel 866.499.479 $241.034.037 27.6% <br />