|
Page 357
<br />Form 1
<br />City of South Bend, Indiana
<br />2013 Budget Departmental Summary
<br />Fund Name
<br />Tax Incremental Financing (TIF) - Northeast Residential
<br />Fund Number 436
<br />Department Description 8 Purpose
<br />To account brexpeadmose foresprovements in the Northeast Neighborhood Resitlential development taxincromental diistrict.
<br />Financing is provaled byproperty tax proceeds in excess of those allnbutable to the assessed valumain ofthe property in the
<br />tlishict beftre redevelopment.
<br />2012
<br />2013
<br />2010 2011
<br />Amentletl 6130112
<br />Prep 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 />1,815,829 2,446,103
<br />2,459,999 1,252,275
<br />2,459,OOD
<br />-
<br />0.0%
<br />Loral Income Taxes
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Other Taxes
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Ganallideyovemmental
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />ChaMes has Sereces
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Interest Earnings
<br />1,478 2,266
<br />2,599 4,997
<br />19,999
<br />7,599
<br />3010%
<br />Bond Proceeds
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Doublons
<br />- -
<br />- -
<br />-
<br />-
<br />Other Income
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Tansfers In
<br />Total Revenue
<br />1,81],30] 2A48,369
<br />2A52,500 1,257,182
<br />2A60,000
<br />7,500
<br />0.3%
<br />Expenditures by Cost Center
<br />Northeast Residential TIF Debt Sew
<br />- 2,384,950
<br />311,050 -
<br />3,228,599
<br />2,917,450
<br />937.9%
<br />Northeast Residential TIF Activity
<br />- 6,423
<br />2,2T] 2,087
<br />-
<br />(2,2T])
<br />- 100.0%
<br />Other
<br />- -
<br />588,000 -
<br />-
<br />(588,000)
<br />- 100.0%
<br />Total Cost Center Expenditures
<br />2,391,373
<br />901,327 2,087
<br />3,228,500
<br />2,32],1]3
<br />258.2%
<br />Expenditures by Account Type
<br />Salaries 8 wages
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Fdnge Benefits
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Other Personnel vests
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Total Personnel
<br />Supplies
<br />Professional Sew.(31xx)
<br />- 6,423
<br />1,32] 1,13]
<br />273
<br />(1,054)
<br />-79.4%
<br />Comm/fampord[ion(32xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Pdnting It Advertising (33x,)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Insurance (34x,)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />Utilities(35xx)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />RepairsB Maintenance (36„)
<br />- -
<br />-
<br />-
<br />-
<br />-
<br />DebtSolace - Principal
<br />- 2,384,000
<br />59$445
<br />3,939,153
<br />2,44Q708
<br />407.8%
<br />Debt Service - Interest B Fees
<br />- 950
<br />301,555 959
<br />189,074
<br />(112,481)
<br />-37.3%
<br />Other Services B Chayes(39„)
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />GanlsSSubsidies
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Payment In Lieu of Taxes
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />Transfers Out
<br />- -
<br />- -
<br />-
<br />-
<br />-
<br />O1herFinencin Uses x
<br />Total Service &CM1arges
<br />2,391,373
<br />901,327 2,087
<br />3,228,599
<br />2,32],1]3
<br />291.1%
<br />Capital
<br />Total Expenditures by Type
<br />2,391,373
<br />901,327 2,087
<br />3,228,500
<br />2,32],1]3
<br />258.2%
<br />Net Surplus /(deficit)
<br />1,81],30] 56,996
<br />1,551,173 1,255,095
<br />(768,500)
<br />Beginning Cash Balance
<br />- 1,81],30]
<br />1,874,303 1,874,303
<br />3A25A76
<br />Balance Sheet Adjustments
<br />- -
<br />-
<br />-
<br />Ending Cash Balance
<br />1,81],30] 1,874,303
<br />3A25A]6 3,129,398
<br />2,656,9]6
<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 />Bargaining
<br />-
<br />- -
<br />-
<br />-
<br />Pad- Time /Seasonal?em a
<br />Total FTE's
<br />, Ez entliture antl Staffin Chan es Be low:
<br />=fft
<br />Page 357
<br />Form 1
<br />
|