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Page 330
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />I Tax Incremental Financing (TIF) - Downtown
<br />Fund Number 420
<br />Department Description B Purpose
<br />To account imexpeaddures impubl,i mprovements In the central business tax incremental resMCt. Also, transfers are made to
<br />debt service funds to meet debt obligations as theymature. Financing is provided
<br />bypmperty tax proceeds in excess of those
<br />attributable to the assessed voluatn rime pmpedyln the district before redevelopment.
<br />2012
<br />2013
<br />2010 2011
<br />Amentletl
<br />6130112
<br />Praposetl
<br />Variance
<br />%
<br />Description
<br />Actual Actual
<br />Budget
<br />Actual
<br />Budget
<br />2012 -2013
<br />Ch,
<br />Revenue
<br />Property Taxes
<br />],336,11] 3,633,473
<br />3,650,000
<br />1,909,554
<br />3,650,000
<br />-
<br />0.0%
<br />Loral Income Taxes
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Other Taxes;
<br />- 400,000
<br />398,000
<br />200,500
<br />398,500
<br />500
<br />0.1%
<br />Ganallideyovemmenfal
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Charges; far Srunces
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Interest Earnings
<br />15,002 9,217
<br />12,000
<br />15,313
<br />12,000
<br />-
<br />0.0%
<br />Bond Proceeds
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Donations
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Other Income
<br />451,664 1,291,455
<br />501,]4]
<br />362,236
<br />501,]4]
<br />-
<br />0.0%
<br />Transfers In
<br />7,080 715,482
<br />822,500
<br />7,242
<br />(822,500)
<br />- 100.0%
<br />Total Revenue
<br />7,809,863 6,109,627
<br />5,384,247
<br />2,494,845
<br />4,562,247
<br />822,000
<br />-15.3%
<br />Expenditures by Cost Center
<br />SBCDA Debt Service
<br />2,489,365 2,487,053
<br />1,705,890
<br />89],11]
<br />2,314,255
<br />608,365
<br />35.7%
<br />SBCDA Activity Exp
<br />2,298,898 3,223,700
<br />5,732,018
<br />3,]42,5]5
<br />2,]85,]45
<br />(2,946,273)
<br />-51.4%
<br />Interfund Tra rosters
<br />- 824,558
<br />822,500
<br />-
<br />-
<br />(822,500)
<br />- 100.0%
<br />Total Cost Center Expenditures
<br />4,788$63 6,535,311
<br />8$60,408
<br />4,639,692
<br />5,100,000
<br />(3,160,408)
<br />-38.3%
<br />Expenditures by Account Type
<br />SalanesB Wages
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Fdnge Benefits
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Other Personnel rusts
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Total Personnel
<br />Supplies
<br />Professional Sew.(31xx)
<br />288,083 337,850
<br />485,405
<br />341,69]
<br />]],500
<br />(40],905)
<br />A4.0%
<br />Comm/rransponartion(32xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Pdnting It Advertising (33xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Insurance (34xx)
<br />- 72
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Utilities(35xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Repairs8 Maintenance (3fixx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Debt Sooice- Principe l
<br />947,000 947,500
<br />1,392,581
<br />473,500
<br />1,50$500
<br />115,919
<br />8.3%
<br />Debt Service- Intemst B Fees
<br />1,542,366 1,539,552
<br />842,958
<br />423,617
<br />805,755
<br />(37,204)
<br />4.4%
<br />Other Services B Charges(39xx)
<br />571,153 513,TF5
<br />489,766
<br />189,279
<br />359,000
<br />(130,766)
<br />-26]%
<br />Grants B Subsidies
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Payment In Lieu of Taxes
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Transfers Out
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />-
<br />OtherFinancin Uses SOxx
<br />824,558
<br />Total Service &CM1arges
<br />3,348,fi02 4,1fi3,30]
<br />3,210,710
<br />1,428,093
<br />2,]50,]55
<br />(459,956)
<br />- 106.8%
<br />Ca ital
<br />1,439,661 2,372,004
<br />5,049,698
<br />3,211,599
<br />2,349,245
<br />2,700,453
<br />-53.5%
<br />Total Expenditures by Type
<br />4,788,263 6,535,311
<br />8,260 ,408
<br />4,639,692
<br />5,100,000
<br />(3,160,409)
<br />-38.3%
<br />Net Surplus /(deficit)
<br />3,021,600 (425,684)
<br />(2,876,161)
<br />(2,144,847)
<br />(53],]53)
<br />Beginning Cash Balance
<br />1,998,135 5,019,735
<br />4,594,051
<br />4,594,051
<br />1,]1],890
<br />Balance Sheet Adjustments
<br />- -
<br />-
<br />-
<br />Ending Cash Balance
<br />5,019,735 4,594,051
<br />1,]1],890
<br />2,449,204
<br />1,180,13]
<br />Staffing (FTE's)
<br />2011
<br />2012
<br />6130112
<br />2013
<br />Variance
<br />Actual
<br />Budget
<br />Actual
<br />Budget
<br />2012 -2013
<br />Non - Bargaining
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Bargaining
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Pad- Time Seasonat?em ra
<br />Total FIFE!
<br />Ex lain Si n'rficant Revenue, Expenditure and Staffing Changes Below:
<br />2012 Revenuesincludedone -time receipts from payoffof 1996 bowls and land sales. Debt service changes relate to one-time payment matuc[ming
<br />of 2003 bonds m 2012.
<br />Page 330
<br />Form 1
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