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Page 243
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />I Water Works - Sinking funs Debt Service
<br />Fund Number 625
<br />Department Description B Purpose
<br />Fund is used to disburse principal and suemstpayments on obligated debt to paying agent trustees. Source of mongs for debt
<br />repayment am transfers 5om the water eddy operates, fund 11620.
<br />2012
<br />2013
<br />2010 2011 Amentled 6130112
<br />Prep osetl
<br />Variance
<br />%
<br />Description
<br />Actual Actual Butl et Actual
<br />Butl et
<br />2012 -2013
<br />Ch,
<br />Revenue
<br />Property Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />Local Income Taxes
<br />- - - -
<br />-
<br />-
<br />Other Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />Gen6/InteyovemmenGl
<br />- - -
<br />-
<br />-
<br />-
<br />Charges forSewsme
<br />- - -
<br />-
<br />-
<br />Interest Earnings
<br />5,260 4,581 3,000 2,390
<br />5,000
<br />2,000
<br />66.7%
<br />Bond Proceeds
<br />- - - -
<br />-
<br />-
<br />-
<br />Donations
<br />- - - -
<br />-
<br />-
<br />Other Income
<br />- - - -
<br />-
<br />-
<br />-
<br />Tansfersln
<br />3,552,000 3,552,000 1,723,113 799,998
<br />2,103,381
<br />380,268
<br />22.1%
<br />Total Revenue
<br />3,557,260 3,556,581 1,726,113 802,388
<br />2,108,381
<br />1 382,268
<br />22.1%
<br />Expenditures by Cost Center
<br />Pnim,nal
<br />2,605,840 2,729,925 821,847 -
<br />1,196768
<br />374,921
<br />45.6%
<br />Interest
<br />936,412 822,506 898,766 349,354
<br />904,113
<br />5,347
<br />0.6%
<br />Fees
<br />1,400 1,400 2,500 1,100
<br />2,500
<br />-
<br />0.0%
<br />Operating Fund
<br />5,260 4,581 3,000 2,390
<br />5,000
<br />2,000
<br />66.7%
<br />Focal Agent
<br />- - - -
<br />-
<br />-
<br />Capital Lease Deb[
<br />- - - -
<br />-
<br />-
<br />Total Cost Center Expenditures
<br />3,548,912 3,558Al2 1,726,113 352,844
<br />2,108,381
<br />382,268
<br />22.1%
<br />Expenditures by Account Type
<br />Salaossa Wages
<br />- - -
<br />-
<br />-
<br />Ftlnge Benefits
<br />- - -
<br />-
<br />-
<br />Other Pesnnnel cents
<br />- -
<br />-
<br />-
<br />Total Personnel
<br />Supplies
<br />Professional Sew.(31xx)
<br />- - -
<br />-
<br />-
<br />Comm/fano oration(32xx)
<br />- - -
<br />-
<br />-
<br />Pnnting 8 Advertising (33xx)
<br />- - -
<br />-
<br />-
<br />Insurance (M.)
<br />- - -
<br />-
<br />-
<br />Ubhtme (35xx)
<br />- - -
<br />-
<br />-
<br />Repairs 8 Maintenance(36xx)
<br />- - - -
<br />-
<br />-
<br />-
<br />Debt Service - Principal
<br />2,605,840 2,729,925 821,847 -
<br />1 19676
<br />374,921
<br />45.6%
<br />Debt Service - Intems[B Fees
<br />937,812 823,906 901,266 35,454
<br />906,613
<br />5,347
<br />0.6%
<br />Other Services B Char, s(39xx)
<br />- - - -
<br />-
<br />-
<br />-
<br />Grants BSubadies
<br />- - - -
<br />-
<br />-
<br />-
<br />Payment In Lieu of Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />TansfesOut
<br />5,260 4,581 3,000 2,390
<br />5,000
<br />2,000
<br />66.7%
<br />Other Finmun Uses x
<br />Total Service &CM1arges
<br />3,548,912 3,558,412 1,]2,113 352,844
<br />2,108,381
<br />382,268
<br />112.9%
<br />Ca i al
<br />Total Expenditures by Type
<br />3,548,912 3,558Al2 1,726,113 352,844
<br />2,108,381
<br />382,268
<br />22.1%
<br />Net Surplus /(deficit)
<br />8,348 (1,831) - 449,544
<br />Beginning Cash Balance
<br />2,8]] 11,225 9,394 9,394
<br />9,394
<br />Balance Sheet Adjustments
<br />- - - -
<br />-
<br />Ending Cash Balance
<br />11,225 9,394 9,394 458,938
<br />9,394
<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 />BaMaining
<br />- - -
<br />-
<br />-
<br />Part- Time /SeasonaVTem a
<br />Total FTE's
<br />Ex lain Si n'dicant Revenue, Expenditure and Staffing Changes Below:
<br />January 1, 2012 was Me final payment
<br />on the 1997 Bonds. This caused a reduction of approximately $2.0 million annually. Water Wodas recently
<br />closed on a $8.3 in financing case.
<br />Page 243
<br />Form 1
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