2024 St. Joseph County Popular Annual Financial Report

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RESIDENTS AND VISITORS As part of the County's ongoing efforts to promote , ' financial accountability and transparency, St. Joseph County, Indiana is pleased to present its first-ever Popular Annual Financial Report (PAFR) 1 444 for the fiscal year ending December 31 , 2024. Our • PAFR is intended to summarize specifically county general government's complex financial information • that is in the County's 366-page Annual Comprehensive Report (ACFR) in a way that is understandable, accessible, and relevant to every resident and visitor of our great county (financial data for the South Bend Airport, Solid Waste Management District, and two libraries were excluded from the PAFR). If you wish to dig into the County's finances more deeply, I encourage you to review the ACFR on our website. St. Joseph County was blessed with many successes during 2024. Its Economic Development team was able to attract two major companies. The first was a $3.5 billion EV battery plant with General Motors/Samsung SDI and the second was a $11 billion campus of data centers with Amazon Web Services, the largest single investment in the State of Indiana history. St. Joseph County performed very well financially during 2024. It increased its General Fund balance by $15.9 million dollars. The General Fund is the most important fund in the County and pays for the police department, jail, court offices, prosecutor's office and other services. In 2024, total revenue in all funds was $277.9 million and total expenditures in all funds were $282.3 million. Total fund balance was $189.1 million at the end of 2024. Located in north-central Indiana, with 273,744 residents, and home to the University of Notre Dame Fighting Irish, St. Joseph County is a great place to work, live and thrive! Carl H. Baxmeyer President, St. Joseph County Commissioners yam, + ; . y_ 2024 POPULAR ANNUAL FINANCIAL REPORT 1