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,,.4-4... <br /> ,�'4 50UTH • <br /> ,,,�� \\\\�,`l; 4.d City of South Bend <br /> 1 :,..,.....\;.\\ ---� 77z:„� t�, Common Council <br /> ,;�� 441 County-City Building•South Bend,Indiana 46601 <br /> _ (574)235-9321 <br /> x 1865 Fax(574)235-9173 <br /> TDD(574)235-5567 <br /> December 5, 2003 http://www.ci.south-bend.in.us <br /> Roland Kelly <br /> President <br /> Karen White To: Karen L. White, Council President <br /> Vice-President <br /> RE: 2003 Annual Personnel and Finance <br /> Karl King Committee Budget <br /> Chairperson,Committee <br /> of the Whole The Personnel and Finance Committee during 2003 <br /> handled a number of issues that affect our City. <br /> James Aranowski <br /> First District <br /> The two most important tasks that the committee had <br /> Charlotte D.Pfeifer hearings for, were the capital budget for 2003 and <br /> Second District the operating budget for 2004 . <br /> Roland Kelly In February, the committee sent favorably to the <br /> Third District council a capital budget for 2003 in the amount of <br /> Karl King $26, 428, 565. <br /> Fourth District <br /> During the months of August and September, the <br /> David Varner committee had hearings with all department heads <br /> Fifth District concerning the 2004 operating budget. The <br /> committee worked diligently with the administration <br /> ErvinKuspa to make sure that the operating needs for the year <br /> Sixth District 2004 are met. The committee sent a balanced budget <br /> Sean Coleman to the council favorably. The anticipated revenues <br /> At Large for 2004 are $163, 075, 472 and anticipated <br /> expenditures are $148, 798, 981 . This leaves a <br /> Al"Buddy"Kirsits $14, 276, 491 surplus for capital needs in 2004 . The <br /> At Large committee still strongly believes in implementing <br /> that the administration has 15% - 20% cash reserves <br /> Karen L.White set aside for economic downturn or other <br /> At Large unanticipated circumstances . <br /> Kathleen Cekanski-Farrand <br /> Council Attorney The committee also held a number of hearings <br /> concerning the increased cost of the city' s self- <br /> insured health insurance program. The cost for <br /> 2003 will climb over $10 million, which will be $2 <br /> million over budget . The city administration, with <br /> the help from the committee, has established a <br /> number of recommendations to help reduce this <br /> growing cost . <br />