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Page 342
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />Tax Incremental Financing (TIF) - Northeast Development
<br />Fund Number 429
<br />Department Description 8 Purpose
<br />To account imexpenddume forpublic improvements m the northeast development tax Incremental dearmt. Financing is groveled
<br />by property tax proceeds at excess of those attendants to the assessed valuation of the property at the deent before
<br />redevelopment.
<br />2012
<br />2013
<br />2010 2011 Amentletl 6130112
<br />Pmposetl
<br />Vadance
<br />%
<br />Description
<br />Actual Actual Budget Actual
<br />Budget
<br />2012 -2013
<br />Ch,
<br />Revenue
<br />Pmperly Taxes
<br />195,400 715,063 820,000 693,352
<br />820,000
<br />-
<br />0.0%
<br />Loral Income Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />Other Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />GantsllnfeyovemmenGl
<br />- - - -
<br />-
<br />-
<br />-
<br />Chayes far Sersces
<br />- - - -
<br />-
<br />-
<br />-
<br />Interest Earnings
<br />345 1,040 3,000 2,452
<br />3,000
<br />-
<br />0.0%
<br />Bond Proceeds
<br />- - - -
<br />-
<br />-
<br />-
<br />Donations
<br />- - - -
<br />-
<br />-
<br />-
<br />Olherincome
<br />- - - -
<br />-
<br />-
<br />-
<br />Transfers In
<br />Total Revenue
<br />195,745 716,103 823,000 695,804
<br />823,000
<br />0.0%
<br />Expenditures by Cost Center
<br />NNDA TIF Arivities
<br />7,744 36,795 1,301,526 26,633
<br />2,350,000
<br />1,048,474
<br />80.6%
<br />Total Cost Center Expenditures
<br />7,744 36,795 1,301,526 26,633
<br />2,350,000
<br />1,0UA74
<br />80.6%
<br />Expenditures by Account Type
<br />Salaries 8 wages
<br />- - -
<br />-
<br />-
<br />-
<br />Fdnge Benefits
<br />- - -
<br />-
<br />-
<br />-
<br />Other Personnel wags
<br />- -
<br />-
<br />-
<br />-
<br />Total Personnel
<br />Supplies
<br />Professional Sew.(31xx)
<br />4,880 5,795 26 , 551 26 , 529
<br />-
<br />(26,551)
<br />- 100.0%
<br />Comm/rranspordtion(32xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Pdnting It Advertising (33xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Insurance (34xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Utilities(35xx)
<br />- - -
<br />-
<br />-
<br />Repairs 8 Maintenance(36xx)
<br />- - - -
<br />-
<br />-
<br />-
<br />DebtSewice- Principal
<br />- - - -
<br />-
<br />-
<br />-
<br />DebtSersie,- Interest B Fees
<br />- - - -
<br />-
<br />-
<br />-
<br />Other SawlcesliChayes(39xx)
<br />2,864 - 103 104
<br />-
<br />(103)
<br />- 100.0%
<br />Giants B Subsidies
<br />- - - -
<br />-
<br />-
<br />-
<br />Payment In Lieu of Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />Transfers Out
<br />- - - -
<br />-
<br />-
<br />-
<br />OtherFinmmn Uses x
<br />Total Service BCM1arges
<br />7,744 5,795 26,654 26,633
<br />(26,654)
<br />- 200.0%
<br />Capital
<br />31,000 1,274,872
<br />2,350,000
<br />1,075,128
<br />84.3%
<br />Total Expenditures by Type
<br />7,744 36,795 1,301,526 26,633
<br />2,350,000
<br />1,0""74
<br />80.6%
<br />Net Surplus /(deficit)
<br />188,001 679,308 (478,526) 669,171
<br />(1,527,000)
<br />Beginning Cash Balance
<br />34,769 222,770 902,078 902,078
<br />1,623,552
<br />Balance Sheet Adjustmants
<br />- - 1 ,200,000 -
<br />-
<br />Ending Cash Balance
<br />222,770 902,078 1,623,552 1,571,249
<br />96,552
<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 />Bargaining
<br />- - -
<br />-
<br />-
<br />Pad- Time /SeawnaVTem ia
<br />Total FTE's
<br />Ex lain Si n'rficant Revenue, Expenditure and Staffing Changes Below:
<br />Anticipate $1.2M in unencumbeiad cash at 12131112.
<br />Page 342
<br />Form 1
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