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Filed in Clerk's Ofii <br /> ct <br /> 2023 Year End Admin&Finance Report �. ,/ <br /> Bianca Tirado <br /> City Clerk, South Bend, IN <br /> 2023 Operating Results <br /> • General Plus Fund Cash Reserves <br /> o Total Amount as of 12/31/2023: $124,675,935 <br /> o Total Amount as of 12/31/2022: $131,238,112 <br /> o Decrease of about$6.5m in Gen Plus Fund Balance, still more than double the Gen <br /> Plus cash balance 10 years ago ($56.2m). $135m+Total Gen Plus fund balance if <br /> you include the Rainy-Day Fund. <br /> • Bond Rating <br /> o AA—Standard &Poor's <br /> • Signifies strong financial position. <br /> • Reflects strong property and income taxes that support the General Fund <br /> operations. <br /> • Continued investment in capital assets for 2023. <br /> o Net Capital Assets Value: $486,711,345 (Total value after 2023 additions and <br /> depreciation of assets) <br /> • Staffing <br /> o New Hires: 378 (98 Full-Time) <br /> o Total Employees: 1,429 <br /> • Full-Time: 1,129 <br /> • Part-Time: 172 <br /> • Seasonal: 128 <br />