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Page 348
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />Tax Incremental Financing (TIF) No. 2 - Southside Development
<br />Fund Number 431
<br />Department Description 8 Purpose
<br />To account imexpenaffmas for improvements in the southside Development tax incremental distant no. 2. Financing is provided
<br />by property tax proceeds in excess of those allabdable to the assessed valuation of the property in the disGCf before
<br />redevelopment.
<br />2012
<br />2013
<br />2010 2011 Amentletl 6130112
<br />Pmposetl Variance
<br />%
<br />Description
<br />Actual Actual Budget Actual
<br />Budget 2012 -2013
<br />Ch,
<br />Revenue
<br />Property Taxes
<br />5,978,592 ]84,3]3 - -
<br />- -
<br />-
<br />LorallncomeTaxes
<br />- - - -
<br />- -
<br />Other Taxes
<br />- - - -
<br />- -
<br />-
<br />Gan6llnfeyovemmenGl
<br />- - -
<br />- -
<br />-
<br />ChayesforServices
<br />- - -
<br />- -
<br />-
<br />InterestEamings
<br />10,074 4,029 933 2,329
<br />- (933)
<br />- 100.0%
<br />Bond Proceeds
<br />- - - -
<br />- -
<br />-
<br />Octagons
<br />- - - -
<br />- -
<br />Other Income
<br />9,237 6,098 - -
<br />- -
<br />-
<br />Trensfemin
<br />Total Revenue
<br />5,997,903 794,500 933 2,329
<br />933
<br />- 100.0%
<br />Expenditures by Cost Center
<br />SSDA #2 Emona Common Debt Service
<br />2,724,284 3,416,400 - -
<br />-
<br />-
<br />-
<br />SSDA #2 Erskin Common Activities
<br />14,530 3,600 - -
<br />-
<br />-
<br />-
<br />InterfundTansfer
<br />- - 1,400,000 1,401,397
<br />-
<br />(1,400,000)
<br />- 100.0%
<br />Total Cost Center Expenditures
<br />2,738,814 3A20,000 1,400,000 1,401,397
<br />(1,400,000)
<br />- 100.0%
<br />Expenditures by Account Type
<br />Salanesa Wages
<br />- - -
<br />-
<br />-
<br />Fdnge Benefits
<br />- - -
<br />-
<br />-
<br />Other Personnel costs
<br />- -
<br />-
<br />-
<br />Total Personnel
<br />Su lies
<br />Professional Sew.(31xx)
<br />14,530 3,600 -
<br />-
<br />-
<br />Comm/rransportation(32xx)
<br />- - -
<br />-
<br />Pdnting It Advertising (33xx)
<br />- - -
<br />Insurance(34xx)
<br />- - -
<br />-
<br />Utilities(35xx)
<br />- - -
<br />-
<br />Repmrs8 Main[enance(36xx)
<br />- - -
<br />-
<br />-
<br />DebtSooice- Principal
<br />- - -
<br />-
<br />-
<br />DebtSooice- Interest B Fees
<br />2,724,284 3,416,400 -
<br />-
<br />-
<br />-
<br />Other Services; li Chattels (39xx)
<br />- - - -
<br />-
<br />-
<br />-
<br />GrantsBSubsidies
<br />- - - -
<br />-
<br />-
<br />-
<br />Payment In Lieu of Taxes
<br />- - - -
<br />-
<br />-
<br />-
<br />Transf ns Out
<br />- - 1,400,000 1,401,397
<br />-
<br />(1,400,000)
<br />- 100.0%
<br />Other Ua x
<br />Total SFnmmn
<br />erve &
<br />2,]38,814 3,420,000 1,400,000 1,401,39]
<br />100.0%
<br />Capital
<br />Total Expenditures by Type
<br />2,738,814 3A20,000 IA00,000 1A01,397
<br />(1,400,000)
<br />- 100.0%
<br />Net Surplus /(deficit)
<br />3,259,089 (2,625,500) (1,399,067) (1,399,068)
<br />Beginning Cash Balance
<br />765,480 4,024,569 1,399,069 1,399,069
<br />2
<br />Balance Sheet Adjustments
<br />- - -
<br />Ending Cash Balance
<br />4,024,569 1,399,069 2 1
<br />2
<br />Staffing (FTE's)
<br />2011 2012 6130112
<br />2013 Variance
<br />Actual Budget Actual
<br />Budget 2012 -2013
<br />Non - Bargaining
<br />- - -
<br />- -
<br />Bayaming
<br />- - -
<br />- -
<br />Pad- Time /SeasonaVTem a
<br />TataI FTE's
<br />, Ex entlitum
<br />antl Staffin CM1an es Belaw:
<br />=fft
<br />rd made to Fund 420 (South Side #1- General). Fund can be closed.
<br />Page 348
<br />Form 1
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