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Page 201
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />jEconomic Development Income Tax /antl
<br />Fund Number 408
<br />Department Description 8 Purpose
<br />Fund is used to account for 0.4 %local option income tax revenue. Distributions am made monthly loom the State of Indiana
<br />based on combat tu, mines. Fund used for debt service, economic development, and capital expermemes benfdtmg economic
<br />development, demolitions and general ministmctum maintenance.
<br />2012
<br />2013
<br />2010 2011 Amended 6130112
<br />Pmposetl
<br />Variance
<br />%
<br />Description
<br />Actual Actual Budget Actual
<br />Budget
<br />2012 -2013
<br />Ch,
<br />Revenue
<br />Property Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />LorallncomeTa xes
<br />9,090,415 ],300,866 9,068,785 4,906,4]2
<br />8,324,626
<br />[/44,159)
<br />-8.2%
<br />Other Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />Gaidalli feyovemmental
<br />- - - -
<br />-
<br />-
<br />-
<br />ChayesforSewirm;
<br />- - - -
<br />-
<br />-
<br />Interest Earnings
<br />18,952 22,135 40,000 25,658
<br />50,000
<br />10,000
<br />25.0%
<br />Bond Proceeds
<br />- - - -
<br />-
<br />-
<br />-
<br />Donations
<br />- - - -
<br />-
<br />-
<br />Other Income
<br />189,974 625,565 559,160 400,160
<br />504,660
<br />(54,500)
<br />-9.7%
<br />Transfers In
<br />30,847
<br />Total Revenue
<br />9,330,188 7,948,566 9,667,945 5,341,290
<br />8,879,286
<br />88,659
<br />-8.2%
<br />Expenditures by Cost Center
<br />Transfer - CED Administration
<br />1,100,000 1,504,259 1,52],146 ]63,5]3
<br />1,]1],519
<br />190,3]3
<br />12.5%
<br />Debt Service
<br />1,905,558 1,904,043 1,895,653 958041
<br />1,913,539
<br />1],886
<br />0.9%
<br />Transfer - CSO Plan Improvements
<br />- 3,300,000 1,300,000 -
<br />-
<br />(1,300,000)
<br />- 100.0%
<br />Transfer - Stuart Dept Operations
<br />- 1,940,000 -
<br />2,700,000
<br />760,000
<br />39.2%
<br />Grants B Subsidies
<br />4 ,453 403,722 ]84,]]9 283,912
<br />50],000
<br />(277,779)
<br />-35.4%
<br />Code Enforcement (Demolitions)
<br />- - 500,000 160,195
<br />1,000,000
<br />500,000
<br />10410%
<br />CED Capital Projecls
<br />488,268 1,197,532 - -
<br />-
<br />-
<br />-
<br />Police DepaNnent (auto unmr)
<br />- - - -
<br />700,628
<br />700,628
<br />-
<br />PublicWorksCapilalPalecls
<br />8,012 103,934 1,275,269 31,321
<br />-
<br />(1,275,269)
<br />- 100.0%
<br />Other
<br />1,282 60,989 445,824 149,843
<br />91,952
<br />(353,872)
<br />-79.4%
<br />Total Cost Center Expenditures
<br />3,949,573 8A74A79 9,668,671 2,338,885
<br />8,630,638
<br />1,038,033
<br />-10.7%
<br />Expenditures by Account Type
<br />Salabon&wages
<br />- - - -
<br />-
<br />-
<br />-
<br />Fdnge Benefits
<br />- - - -
<br />-
<br />-
<br />-
<br />Other Personnel costs
<br />- - - -
<br />-
<br />-
<br />-
<br />Total Perseardel
<br />Supplies
<br />888
<br />Pmfessional Sew.(31xx)
<br />394 163,532 498,006 131,758
<br />66,136
<br />(431,870)
<br />-86.7%
<br />Comm/frareportation(32xx)
<br />- - - -
<br />-
<br />-
<br />-
<br />PnntingBAdvertaing(33xx)
<br />- - 25,000 1,110
<br />25,000
<br />-
<br />0.0%
<br />Insurance (M.)
<br />- 9% 756 378
<br />816
<br />60
<br />7.9%
<br />Ublities(35xx)
<br />- - - -
<br />-
<br />-
<br />-
<br />Repairs8 Mmotenance(36xx)
<br />- - - -
<br />700,628
<br />700,628
<br />-
<br />Debt Service- Principe l
<br />1,435,000 1,485,000 1,535,000 852,500
<br />1,610,000
<br />75,000
<br />4.9%
<br />Debt Service - Interest B Fees
<br />470,558 419,043 360,653 97,541
<br />303,539
<br />(57,114)
<br />-15.8%
<br />Other Services B ChaMm,(39xx)
<br />- 455 500,000 260,257
<br />1,000,000
<br />500,000
<br />10410%
<br />Grants B Subsidies
<br />4 ,453 403,722 ]84,]]9 208,850
<br />507,000
<br />(277,T19)
<br />-35.4%
<br />Payment In Lieu of Taxes
<br />- - - -
<br />-
<br />-
<br />Transfers Out
<br />1,1o0,000 4,804,259 4,767,146 ]63,5]3
<br />4,417,519
<br />(349,627)
<br />-7.3%
<br />01hee Financin Uses 00xx
<br />Total Service BCM1arges
<br />3,452,405 7,276,947 8,471,340 2,315,967
<br />8,630,638
<br />15$298
<br />-32.5%
<br />Ca gal
<br />496,280 1,197,532 1,197,331 22,918
<br />1,197,331
<br />- 100.0%
<br />Total Expenditures be Tvue
<br />3,949,573 8A74A79 9,668,671 2,338,885
<br />8,630,638
<br />1,038,033
<br />-10.7%
<br />Net Surplus I(defic8)
<br />5,380,615 (525,913) (726) 3,002A05
<br />248,648
<br />Beginning Cash Balance
<br />3,525,558 8,906,173 8,380,260 8,380,260
<br />8,379,534
<br />Balance Sheet Adrys[ments
<br />- - - -
<br />Ending Cash Balance
<br />8,906,173 8,380,260 8,379,534 11,382,665
<br />8,628,182
<br />Staffing (FTE's)
<br />2011 2012 6130112
<br />2013
<br />Variance
<br />Actual Budget Actual
<br />Budget
<br />2012 -2013
<br />Non - Bargaining
<br />- - -
<br />-
<br />-
<br />Bargaining
<br />- - -
<br />-
<br />-
<br />Part -Time /SeasonatfTemporary
<br />Total FTE's
<br />Explain Shanificant Revenue, Expenditure and Staffing Changes Below:
<br />On April 16, 2012, the City mceNed a
<br />catch up payment of 2011 CEDIT avenue in the amountof $]43,90] due to
<br />a State of Indiana accounting able.
<br />The debt service payments am for Me 2009 Morns Performing Arts Center fronds and the 2006 CEDIT Leighton Plaza bonds. The 2013
<br />transfers are to
<br />the CED Adminstmbon Fund 211 ($1,]1],519)
<br />and! to the MVR/Soeet DeparMeM Fund 202 ($2,700,000). 2013 proposed
<br />grants and
<br />subsidies include
<br />DTSB ($250,000), Chamberof Commerce
<br />FIRE ($65,000), NNRO ($75,000), and others. The 2013 tudget proposes $1,000,000 forcede
<br />demolitions
<br />Page 201
<br />Form 1
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