|
Page 198
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />I Cumulative CapRallmprovement
<br />Fund Number 407
<br />Department Description B Purpose
<br />Account forstate cigarette tax dlsbIDutsm revenue, Hotel /Motel Tax and SBCSC contatual revenue used for Century Centr
<br />related debt service.
<br />2012
<br />2013
<br />2010 2011 Amentletl 6130112
<br />Peep osetl Variance
<br />%
<br />Description
<br />Actual Actual Budget Actual
<br />Budget 2012 -2013
<br />Ch,
<br />Revenue
<br />Property Taxes
<br />- - - -
<br />- -
<br />-
<br />LoralMuranoTaxes
<br />- - - -
<br />- -
<br />Other Taxes
<br />465,603 459,544 402,830 126,415
<br />403,900 170
<br />0.0%
<br />Ganallideyovemmenfal
<br />- - - -
<br />- -
<br />-
<br />Chames for Sewices
<br />- - - -
<br />- -
<br />-
<br />Interest Earnings
<br />45 36 10o 15
<br />10o -
<br />0.0%
<br />Bond Proceeds
<br />- - - -
<br />- -
<br />-
<br />Donations
<br />- - - -
<br />- -
<br />Other Income
<br />So,000 25,990 3o,900 5,900
<br />25,990 (5,900)
<br />-19.1%
<br />Tousle. In
<br />Total Revenue
<br />515,648 484,580 433,830 132,330
<br />428,100
<br />5,730
<br />-1.3%
<br />Expenditures by Cost Center
<br />Century Center Debt Service
<br />592,378 594,000 402,277 290,503
<br />367,575
<br />(34,702)
<br />-8.6%
<br />Total Cost Center Expenditures
<br />592,378 594,000 402,277 290,503
<br />367,575
<br />(34,702)
<br />-8.6%
<br />Expenditures by Account Type
<br />SalanasB Wages
<br />- - -
<br />-
<br />-
<br />Fuse Benefits
<br />- - -
<br />-
<br />-
<br />Other Personnel costs
<br />- - -
<br />-
<br />-
<br />Total Personnel
<br />Supplies
<br />Professional Sew.(31xx)
<br />- - -
<br />-
<br />-
<br />Comm/famponation(32xx)
<br />- - -
<br />-
<br />-
<br />Pnnting It Advertising (33xx)
<br />- - -
<br />-
<br />-
<br />Insuance(Mai)
<br />- - -
<br />-
<br />-
<br />Utilities(35xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Repairs8 Maintenance(36xx)
<br />- - -
<br />-
<br />-
<br />-
<br />DebtService- Principal
<br />187,378 169,000 356,250 260,000
<br />326,250
<br />(30,000)
<br />-8.4%
<br />Debt Service - Interest B Fees
<br />405,000 425,000 46,027 30,503
<br />41,325
<br />(4,702)
<br />-10.2%
<br />Other Services B Charges(39xx)
<br />- - - -
<br />-
<br />-
<br />-
<br />GantsBSubsidies
<br />- - - -
<br />-
<br />-
<br />-
<br />Payment In Lieu of Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />Tansfers Out
<br />- - - -
<br />-
<br />-
<br />-
<br />OtherFinancin Uses x
<br />Total Service BCM1arges
<br />592,378 594,000 402,277 290,503
<br />367,575
<br />(34,702)
<br />-18.6%
<br />Ca i al
<br />Total Expenditures by Type
<br />592,378 594,000 402,277 290,503
<br />367,575
<br />(34,702)
<br />-8.6%
<br />Net Surplus /(deficit)
<br />(76,730) (109A20) 31,553 (158,173)
<br />60,525
<br />Beginning Cash Balance
<br />236,908 160,178 50,758 50,758
<br />82,311
<br />Balance Sheet Adjustments
<br />- - - -
<br />Ending Cash Balance
<br />160,178 50,758 82,311 107A15
<br />142,836
<br />Staffing (FTE's)
<br />2011 2012 6130112
<br />2013 Variance
<br />Actual Budget Actual
<br />Budget 2012 -2013
<br />Non - Bargaining
<br />- - -
<br />- -
<br />Bargaining
<br />- - -
<br />- -
<br />Part- Time /SeasonaVTem a
<br />TataI FTE's
<br />Explain Significant Revenue, Expenditure and Staffing Chances; Below:
<br />Beginning in 2012, Fund 407 pays for
<br />75% of the 2011 Cen ury Center Bond refunding with 25% cid by the COIL Fund Cigarette bix money a down
<br />and fund 407 cash reserves have been declining for several years. This fund will be me a set to be6erpmje t revenue
<br />and cash fbw. The Cenhn,
<br />Center bonds wen: refunded! runs 2011 and this has resulted in sgnfiirent intruestsavings. The principal balance
<br />on the bonds is $2,505,000 at
<br />December 31, 2012 and the final payment
<br />B due February 1, 2018.
<br />Page 198
<br />Form 1
<br />
|