2013 Adopted Budget - Laserfiche WebLink

Home Browse Search

City of South Bend, Indiana 2013 Budget Departmental Summary Fund Name 12013 Sewer Bond fund Fund Number 663 Department Description & Purpose 2013 Sewer Senate the amount of $21,200,000 to be used to funtl various wastewater and sewerpr acts in connection all the long term consul plan. 2012 2013 2010 2011 Amended 6130112 Peep osetl Variance k Description Actual Actual Budget Actual Budget 2012 -2013 Ch, Revenue Property Taxes - - - - - - Local Murano Taxes - - - Other Taxes - - - - Ganallnfe,wommenal - - - - - ChayesforSewices - - - - Interest Earnings - - - - - - Bond Proceeds - - - - 21,200,000 21,200,000 Donations - - - - Other Income - - - - Tansfem In Total Revenue 21,200,000 21,200,000 Expenditures by Cost Center Sew - Wastewater - - - - BondlssuanceCosts - - - - 400,OOD too,0oo Debt Service Reserve - - - - 1,700,OOD 1700,000 Total Cost Center Expenditures 2,100,000 2,100,000 Expenditures by Account Type SalanesB Wages - - - - - Fdnge Benefits - - - - - Other Personnel costs - - - Total Personnel Supplies Professional Sew.(31xx) - - - 400,000 400,000 Comm/faw;Wr tvu(32xx) - - - - - Pdnting It Advancing (33xx) - - - - - Insurance, (M.) - - - - - Utilities(35xx) - - - - - Repairs8Witrumme,(36xx) - - - - - DebtSewma, - Principal - - - - - Debt Service- Intemst B Fees - - - - Other ServlcesBChayes(39xx) - - - - - - GanlsSSubsidles - - - - Payment In Lieu of Taxes - - - - - - Tansfers Out - - - - 17oo,0oo 1700,000 Other Finmmn Uses x Total Service &CM1arges 2,100,000 2,100,000 0.0% Ca i al Total Expenditures by Type 2,100,000 2,100,000 Net Surplus /(deficit) - - - 19,100,000 Beginning Cash Balance - - - BalanceSheetAdjustments - Ending Cash Balance 19,100,000 Staffing (FTE's) 2011 2012 6130112 2013 Variance Actual Budget Actual Budget 2012 -2013 Non - Bargaining - - - - - Bargaining - - - - - Part- Time Seasonat?em a Total FIFE! Explain Significant Revenue, Expenditure and Staffing Changes Below: The 2013 Smarr Bond fund proceeds as expected to be received late in 2013. The inti it expenses am for estimated bond issuance costs of $!00,000 and an estimated transfer to the debt service reserve fund 653 of $1700,000. Actual amounts as debarmined in consultation with bond counsel and financia l ativ¢o, The majority of vent costs will be paid during 2014. Page 291 Form 1