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Page 210
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />I Community Revitalization Enhancement District
<br />Fund Number 434
<br />Department Description 8 Purpose
<br />CREED hands consumed to repay Federal Screen 108 Iran year coal 2015
<br />2012
<br />2013
<br />2010 2011 Amentled 6130112
<br />Pmposetl
<br />Variance
<br />%
<br />Descdpficn
<br />Actual Actual Budget Actual
<br />Budget
<br />2012 -2013
<br />Ch,
<br />Revenue
<br />Property Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />LowllncomeTaxes
<br />- - - -
<br />-
<br />-
<br />-
<br />Other Taxes;
<br />416,149 733,100 ]44000 -
<br />740,000
<br />-
<br />0.0%
<br />Gants/Inleyov rmeartal
<br />- - -
<br />-
<br />-
<br />-
<br />Charges; forSeraces
<br />- - -
<br />-
<br />-
<br />Interest Earnings
<br />3,214 1,507 2,000 603
<br />1,000
<br />(1,000)
<br />-50.0%
<br />Bond Proceeds
<br />- - -
<br />-
<br />-
<br />-
<br />Donations
<br />- - -
<br />Other Income
<br />- - -
<br />-
<br />Tansfem In
<br />Total Revenue
<br />419,363 73,607 742,000 603
<br />741,000
<br />11000
<br />-0.1%
<br />Expenditures by Cost Center
<br />Current Program Year (low)
<br />1,012,417 W,322 878,554 51,]]]
<br />873,949
<br />(4,605)
<br />-0.5%
<br />Total Cost Center Expenditures
<br />1,012A17 848,322 878,554 51,777
<br />873,949
<br />(4,605)
<br />-0.5%
<br />Expenditures by Account Type
<br />Salaries B Wages
<br />- - -
<br />-
<br />-
<br />Fdnge 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/ranxportation(32xx)
<br />- - -
<br />-
<br />-
<br />Printing 8 Advertising (33xx)
<br />- - -
<br />-
<br />-
<br />Insuance (M.)
<br />- - -
<br />-
<br />Utilities; (35xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Repairs8 Maintenance(36xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Debt Service- Principe l
<br />847,666 720,000 ]]5,000
<br />800,000
<br />25,000
<br />3.2%
<br />Debt Service - Interest B Fees
<br />165,417 128,322 103,554 51,777
<br />73,949
<br />(29,605)
<br />-28.6%
<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 SOxx
<br />Total Service &CM1arges
<br />1,012,417 848,322 878,554 51,777
<br />873,949
<br />(4,605)
<br />-25.4%
<br />Ca i al
<br />Total Expenditures by Type
<br />1,012A17 84$322 878,554 51,777
<br />873,949
<br />(4,605)
<br />-0.5%
<br />Net Surplus /(deficit)
<br />(593,054) (113,715) (136,554) (51,174)
<br />(132,949)
<br />Beginning Cash Balance
<br />1,154A65 561,411 44],69] 44],69]
<br />311,143
<br />Balance Sheet Adjustments
<br />- - -
<br />Ending Cash Balance
<br />561,411 44],69] 311,143 396,523
<br />1]8,194
<br />Staffing (FTE's)
<br />2011 2012 6130112
<br />2013
<br />Varance
<br />Actual Budget Actual
<br />Budget
<br />2012 -2013
<br />Non - Bargaining
<br />- - -
<br />-
<br />-
<br />Bargaining
<br />- - -
<br />-
<br />-
<br />Part- Time /SeasonaVTem a
<br />TataI FTE's
<br />Explain Significant Revenue, Expenditure and Staffing Changes Below
<br />CRED is derned from State sales taxes genemted within the CRED district (within Shrtlebaker /Oliver area) up to a
<br />maximum $1 M annually through 2015. The
<br />distribution B made once a year in October
<br />and amount 8uxuates sgndsontly (rote historical avenues). If we do rot receive enough
<br />avenue in 2012 and 2013, we will
<br />need money from another souroe to cover deficit
<br />Page 210
<br />Form 1
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