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Page 354
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />I Tax Incremental Financing (TIF) - Douglas Roatl
<br />Fund Number 435
<br />Department Description 8 Purpose
<br />To acmunt imexpenaffmas for improvements in the Douglas Road development tax incremental tlistrrct. Financing is provided
<br />by property tax procarms in excess of those allnbaable to
<br />the assessed valumain sting property in the tlistrrct beforo
<br />redevelopment.
<br />2012
<br />2013
<br />2010 2011 Amended
<br />6130112
<br />Proposed
<br />Variance
<br />%
<br />Description
<br />Actual Actual Bud ,.t
<br />Actual
<br />Bud ,.t
<br />2012 -2013
<br />Ch,
<br />Revenue
<br />Property Taxes
<br />460,760 306,053 320,000
<br />264,862
<br />320,1)D0
<br />-
<br />0.0%
<br />Loral Income Taxes
<br />- - -
<br />-
<br />-
<br />-
<br />-
<br />Other Taxes
<br />- - -
<br />-
<br />-
<br />-
<br />-
<br />Gents(luteyovemmental
<br />- - -
<br />-
<br />-
<br />-
<br />-
<br />ChargesforServices
<br />- - -
<br />-
<br />-
<br />-
<br />-
<br />InterestEamings
<br />756 246 673
<br />317
<br />1,000
<br />327
<br />48.6%
<br />Bond Proceeds
<br />- - -
<br />-
<br />-
<br />-
<br />-
<br />Donations
<br />- - -
<br />-
<br />-
<br />-
<br />Other Income
<br />158,302 - -
<br />-
<br />-
<br />-
<br />-
<br />Tansf es In
<br />Total Revenue
<br />619,818 306,299 320,673
<br />265,179
<br />321,000
<br />32]
<br />0.1%
<br />Expenditures by Cost Center
<br />Douglas Read Debt Service
<br />428,484 251,938 19'460
<br />95,230
<br />190,461
<br />1
<br />0.0%
<br />Douglas Read TIF A tsotes
<br />158,239 18,486 157,685
<br />14,123
<br />259,539
<br />101,854
<br />64.6%
<br />Total Cost Center Expenditures
<br />586,723 270,424 348,145
<br />109,353
<br />450,000
<br />101,855
<br />29.3%
<br />Expenditures by Account Type
<br />Salanesa Wages
<br />- - -
<br />-
<br />-
<br />-
<br />Fdnge Benefits
<br />- - -
<br />-
<br />-
<br />-
<br />Other Personnel cents
<br />- - -
<br />-
<br />-
<br />-
<br />Total Personnel
<br />Supplies
<br />Professional Sew.(31xx)
<br />89 18,486 23,]58
<br />14,123
<br />-
<br />(23,758)
<br />- 100.0%
<br />Comoufampord[ion(32xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Pdnting 8 Advertising (33xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Insurance (M.)
<br />- - -
<br />-
<br />-
<br />-
<br />Utilities(35xx)
<br />- - -
<br />-
<br />-
<br />Repairs8 Maitenance(36xx)
<br />- - -
<br />-
<br />-
<br />-
<br />Debt Suisse - Principal
<br />359,478 166,354 Ill 761
<br />55,190
<br />122,481
<br />10,720
<br />9.6%
<br />Debt Service- Internsl B Fees
<br />27,564 85,584 78,699
<br />40,040
<br />6],981)
<br />(10,719)
<br />-13.6%
<br />Other Services B Chayes(39xx)
<br />- - -
<br />-
<br />-
<br />-
<br />-
<br />Gan68Subsidies
<br />- - -
<br />-
<br />-
<br />-
<br />-
<br />Payment In Lieu of Taxes
<br />- - -
<br />-
<br />-
<br />-
<br />-
<br />Tansf es Out
<br />41,442 - -
<br />-
<br />-
<br />-
<br />-
<br />01herFinamn Uses x
<br />Total Service BCM1arges
<br />428,5]3 270,424 214,218
<br />109,353
<br />190,461
<br />(23,]5])
<br />- 104.0%
<br />Capital
<br />15'150 133,927
<br />259,539
<br />125,612
<br />93.8%
<br />Total Expenditures by Type
<br />586,723 270,424 348,145
<br />109,353
<br />450,000
<br />101,855
<br />29.3%
<br />Net Surplus I(deficit)
<br />33,095 35,875 (27A72)
<br />155,826
<br />(129,000)
<br />Beginning Cash Balance
<br />123,701 156,796 192,671
<br />192,671
<br />165,199
<br />Balance Sheet Adjustments
<br />- - -
<br />Ending Cash Balance
<br />156,796 192,671 165,199
<br />348,49]
<br />36,199
<br />Staffing (FTE's)
<br />2011 2012
<br />6130112
<br />2013
<br />Variance
<br />Actual Budget
<br />Actual
<br />Budget
<br />2012 -2013
<br />Non - Bargaining
<br />- -
<br />-
<br />-
<br />-
<br />BaMaining
<br />- -
<br />-
<br />-
<br />-
<br />Pad- Time- SeasonaVTem a
<br />Total FTE's
<br />Explain Significant Revenue, Expenditure and Staffing Changes Below:
<br />Only significant projet remaining the construction of a dedicated turn lare on Douglas Read After lhaq anticipate repayment of debt to Mishawaka
<br />and Major Moves as quickly as pos ide sv TIF area can be closed
<br />Page 354
<br />Form 1
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