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Page 333
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />Tax Incremental Financing (TIF) - West Washington
<br />Fund Number 4TT
<br />Department Description B Purpose
<br />To acmunt forexpenddums forpublic improvementprofects in the West Washington Economic Development Area. Financing is
<br />provided byproperty tax proceeds to excess efthose amendable to the assessed value of the property in the district before
<br />redevelopment.
<br />2012
<br />2013
<br />2010 2011
<br />Amentletl 6130112
<br />Prop osetl
<br />Variance
<br />%
<br />Description
<br />Actual Actual
<br />Budget Actual
<br />Budget
<br />2012 -2013
<br />Ch,
<br />Revenue
<br />Property Taxes
<br />860,049 431,085
<br />440,000 225,083
<br />440,000
<br />-
<br />0.0%
<br />Losallncome Taxes
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Other Taxes
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Gantslluteyovemmental
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />ChaMesforSteases
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Interest Earnings
<br />1,959 3,141
<br />4,000 2,630
<br />4,000
<br />-
<br />0.0%
<br />Bond Proceeds
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Donations
<br />- -
<br />- -
<br />-
<br />-
<br />Other Income
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Tcansfi rs In
<br />Total Revenue
<br />862,008 434,226
<br />444,000 22],]13
<br />444,000
<br />0.0%
<br />Expendib res by Coal Center
<br />WestWashington TIF Astrilvs
<br />8,030 658,344
<br />1,131,034 15,504
<br />450,000
<br />(681,034)
<br />{0.2%
<br />Total Cost Center Expenditures
<br />8,030 658,344
<br />1,131,034 150,504
<br />450,000
<br />(6811034)
<br />-60.2%
<br />Expendib res by Account Type
<br />Salaiiesa Wages
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Ftlnge Beholds
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Other Personnel rests
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Total Personnel
<br />Supplies
<br />Professional Sew.(31xx)
<br />1,163 23,190
<br />4,408 5,477
<br />-
<br />(4,408)
<br />- 100.0%
<br />Comm/fumtpord[ion(32xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Pnnbng It Advertising (33xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Inhumane, (34xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Utilibes(35xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />RepalrsIt Maintenance(36xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />DebtSta ice- Principal
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />DebtStaice- Interest B Fees
<br />- -
<br />-
<br />-
<br />Other Services It ChaMes(39xx)
<br />1,840 42,423
<br />5,902 295
<br />-
<br />(5,902)
<br />- 100.0%
<br />Gmnts B Subsidies
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Payment In Lieu of Taxes
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Tcansfi rs Out
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />OtOerFinancin Uses SOxx
<br />Total Service BCM1arges
<br />3,003 65,613
<br />10,310 5,7]2
<br />(10,310)
<br />- 200.0%
<br />Capital
<br />5,027 592,731
<br />1,120,724 144,732
<br />450,000
<br />670,724
<br />-59.8%
<br />Total Expendilures by Type
<br />8,030 658,344
<br />1,131,034 150,504
<br />450,000
<br />(6811034)
<br />-60.2%
<br />Net Surplus I(defice)
<br />853,978 (224,118)
<br />(687,034) 77,209
<br />(6,000)
<br />Beginning Cash Balance
<br />301,984 1,155,962
<br />931,844 931,844
<br />244,810
<br />Balance Sheet Adjustments
<br />- -
<br />-
<br />Ending Cash Balance
<br />1,155,962 931,844
<br />244,810 1,009,053
<br />238,810
<br />Staffing (FTE's)
<br />2011
<br />2012 6130112
<br />2013
<br />Variance
<br />Actual
<br />Budget Actual
<br />Budget
<br />2012 -2013
<br />Non - Bargaining
<br />-
<br />- -
<br />-
<br />-
<br />BaMammg
<br />-
<br />- -
<br />-
<br />-
<br />Part- Time /Seasonat?em a
<br />Total FTE's
<br />Ex lain Si n'rficant Revenue, Expenditure and Staffing Changes Below:
<br />Anficipate rempletion of Rushton Square and Hansel Center projects in 2012.
<br />Page 333
<br />Form 1
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