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City of South Bend, Indiana <br />2013 Budget Departmental Summary <br />Name 1C.candative Ca ital Develo rent Fund Number 406 <br />Adequate cash mserves maintained. <br />Capital lease payments am made in a timely matter. <br />Submitted retreads; forcagtal financing proposer to ten pre- qualded! companies and received seven peposab with the bw interest <br />Of 1.695% <br />City Strategy <br />Pepedy account for pmperly tax revenues, auto excise tax and commercial vehicle tax acened hear State. <br />Continue to request financing soinessis hear real and national companies in order to take advantage of bw interest rates <br />axievemaxonarimma ry aare may De aeayeo m oays. <br />The properly tax ate is fixed by the DLGF and does wt increase based on the State gewlh quotient <br />Key Performance Indicators 36 <br />aired <br />2011 <br />2012 <br />Actual <br />Estimated <br />2013 <br />Measure <br />Type <br />Target <br />if available <br />if available <br />Pro action <br />-Cash Reserves <br />Output <br />$566,000 <br />$822,229 <br />$852,493 <br />$560,732 <br />- Police vehicles replaced <br />Output <br />40.50 per yr <br />42 <br />48 <br />43 <br />-Lease payments/ %on time <br />Outpu9Efficiency <br />91100% <br />51100% <br />&100% <br />91100% <br />- Pmpedy Tax Rate <br />Efficiency <br />'.0500% <br />.0342% <br />.0328% <br />.0328% <br />- Financing quotes equested /received <br />Output <br />10110 <br />11" <br />10O <br />1018 <br />- Interest Rate on Ca taI Lease <br />Effire <br />c1.5% <br />1.9344% <br />1.695% <br />1.5% <br />Ty,a. output, efficiency, effectiveness, <br />reality, outwore, technology <br />Page 196 <br />Form 1 <br />