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EXHIBIT A <br />CITY OF SOUTH BEND,INDIANA <br />LOCAL GOVERNMENT FINANCIAL ASSURANCE TEST <br />329 IAC 10-39-2(6) <br />PART B(i)(AA)(aa) <br />The City of South Bend has no outstanding General Obligation Bonds rated below investment grade.This was <br />reaffirmed June 3,2019. <br />PART B(i)(AA)(bb)(1) <br />Ratio of Cash Plus Marketable Securities to Total Expenditures <br />Calendar <br />Test >=0.05 Year 2017 <br />Cash &marketable securities $254,453,054 (1) <br />Divided by:Total expenditures 191,241,070 (1) <br />RATIO 1.3305 <br />PART B(i)(AA)(bb)(2) <br />Ratio of Annual Debt Service to Total Expenditures <br />Calendar <br />Test <=0.20 Year 2017 <br />Annual debt service $25,585,420 (2) <br />Divided by:Total expenditures 191,241,070 (1) <br />RATIO 0.1338 <br />PART B(i)(BB) <br />The most recent CAFR prepared for the City of South Bend was for Calendar Year 2017.The City follows <br />accounting principles generally accepted in the United States of America (GAAP)as applicable to governmental <br />units. <br />(1)Per 2017 City of South Bend CAFR dated June 30,2018. <br />(2)Per amortization schedules listed on the State of Indiana Gateway System. <br />Note:At the request of IDEM,the calculations shown in Exhibit A relate to the City of South Bend as a whole. <br />(Continued on next page) <br />(Subject to the comments in the attached report <br />dated June 4,2019 of Baker Tilly)