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City of South Bend, Indiana <br />2013 Budget Departmental Summary <br />Fund Name jEcomeakDevelopmen t Income iax funs Fund Number 408 <br />2012 Accom lisbments /Outcomes 4 -10 required) <br />- Continue to earn interest on invested cash balance. <br />- Funds used for debt service payments made in timely manner. <br />- Adequate cash semoms mainlined. <br />- CED compliance with conhactual provisions for recigents of grants and subsidies <br />My Strategy <br />2013 Department Goals 8 Objectives /Links a to City Strategies 4 -10 required) Number <br />- Successfully collect and account for local option income tax dislbted by the County on a monthly basis <br />t <br />- Furd performs wthin budgetary guidelines. <br />1 <br />2013 Significant Chan es /Cballen es /O ortunilies with a focus on solutions <br />- Men difficu0 to estimate future CEDIT revenue as it is determinist and certdied by the DLGF. The DLGF estimate for 2013 ¢ expectant to <br />be received in August or September, 2012. <br />Key Performance Indicators 36 aired <br />2011 2012 <br />Actual Estimated 2013 <br />Measure Type Target Navatlable NavaOable Pm ecfion <br />- Maintain Cash Reserves Output $10,000,000 $8,380,260 $8,379,534 $8,628,182 <br />- Inlmst Ea men Output $40,000 $22,135 $10,000 $50,000 <br />- Percent Interest Eared! Effectiveness 1% .26% .48% .57% <br />- Debt Service PamV% On Time Out,tEfort 41100% 41100% 41100% 41100% <br />- NGO Contacts Renewed Output <br />- Structures Correlated! Out 't 150 r 0 75 150 <br />Types. output, efficiency, eRechwaress, quality, outcome, technology <br />Page 202 <br />Form 1 <br />