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Filed in Clerk's Office
<br /> MAY 1 0 2024
<br /> Bianca Tirado
<br /> City Clerk, South Bend, IN
<br /> BUDGET STEWARDED
<br /> Financial accountability has been the standard of South Bend Venues Parks&Arts. In conjunction with the
<br /> City's financial policies,we work proactively to utilize women and minority-owned businesses,we employ an
<br /> equitable cost-recovery policy,and aim to control costs. The financial surplus this year represents encumbered
<br /> capital expenditures and a replenishing of required operational reserves.
<br /> • $12,437,304 IN Parks Department Levy
<br /> 40 $9,622,147 Earned Revenue(breakdown below)
<br /> • $10,733,834 Capital Bonds/Transfers
<br /> $43,065,150 $1,446,500 Donations/Grants
<br /> SOURCES $135,000 General Fund Subsidy
<br /> OF FUNDS
<br /> • $73,319,262 Hotel/Motel Tax
<br /> • $371,103 Other Revenue
<br /> • $2,032,709 Golf
<br /> i� $3,187,846 Century Center
<br /> $9,488,268 -.Ai; • $936,075 Parking
<br /> EARNED $991,854 Recreation&Events
<br /> REVENUE $1,810,000 Morris Performing Arts Center/Palais Royale
<br /> • $664,663 Leases/Management Fees
<br /> 1T
<br /> i fin_
<br /> • $9,488,268 Parks(Facilities&Grounds)
<br /> • $4,543,160 Recreation & Events
<br /> • $4,103,653 Century Center
<br /> $39,612,584 $12,254,783 Capital Projects
<br /> USES $2,335,069 Debt Service
<br /> OF FUNDS • $2,215,416 Golf
<br /> • $1,413,985 Morris Performing Arts Center/Palais Royale
<br /> • $1,262,212 Parking
<br /> $996,038 Management Fees
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