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CITY OF SOUTH BEND
<br />2003 CAPITAL BUDGET
<br />AVAILABLE BALANCES
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<br />LORETTA J. D1JD."a
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<br />31-Jan-03
<br /> GENERAL EMS MORRtS
<br /> FUND CCDF CCIF COIT EDIT CAPITAL PERF ARTS
<br /> (#101) (#406) (#407) (#404) (#408) (#288) (#416)
<br />Cash balance as of 1/1/02 17,717,012 1,067,232 325,988 8,860,592 3,505,119 71,847 115,860
<br />Add: 2002 cash receipts/revenue 55,290,019 1,047,659 698,388 17,775,083 5,614,974 1,231,740 145,121
<br />Less: 2002 cash expenditures (operating only) (50,689,572) 0 0 0 (600,902) (741,177) 0
<br />Less: 2002 cash expenditures (capital only) (4,251,787) (604,759) (28,000) (14,250,393) (2,425,002) (81,331) (55,746)
<br />Less: 2002 debt service for outstanding bonds n/a n/a (594,000) (402,587) (2,426,481) n/a n/a
<br />Transfer: Construction Fund close-out at year-end n/a n/a Na n/a n/a n/a Na
<br />Add/Less: Net adjustments to balance sheet accounts 51,765 (2) (Oj (2,000) 0 (54,405) 1
<br />Cash balance as of 12/31/02 18,117,437 1,510,130 402,376 11,980,695 3,667,708 426,674 205,236
<br />Less: Encumbrances as of 12/31/02 (801,389) (249,613) (297,000) (5,299,457) (1,229,670) (7,452) (83,900)
<br />Less: Amount owed to General Fund n/a n/a Na Na n/a 0 n/a
<br />Less: Parking Garages - negative cash balance at 12/31102 (1,817,973) n/a n/a Na n/a n/a n/a
<br />Less: Central Services - negative cash balance al 12/31/02 (468,448) n/a n!a n/a n/a n/a Na
<br />Less: Reserve balances required for bond debt service n/a nla nla n/a 542,160 Moms
<br />~
<br />( n/a n/a
<br />Adjusted cash balance as of 1/1/02 15,029,627 1,260,517 105,376 6,681,238 -.-_
<br />1,895,878 419,222 121,336
<br />Adjustments to cash available for capital projects:
<br />Cash reserve as a % of 2003 Operating Expenditure Budget (8,133,134) ts.o % Na n/a Na Na n/a Na
<br />Cash reserve reduction 0 -0.o% (363,738) n/a Na Na (644,506) (92,000)
<br />Cash reserve reduction for Fund #711 (2,570,127) 4.7% n/a Na n/a n/a Na n/a
<br />Funds received In Jan 2003 for prior year Covelesk( contract fees Na n/a n/a Na Na n/a n!a
<br />Funds received 2003 due to sewer rate increase n/a Na n/a Na Na n/a n/a
<br />Total projected budget surplus for 2003 (COIT, EDIT,EMS $ LRSA r nia n/a n/a 5,446,279 448,798 763,685 n/a
<br />Reserve as a % of 2003 Anticipated Revenue (COIT & EDIT only) Na Na n/a (647,241) to.o% (382,120) to.o % n/a n/a
<br />Partial projected budget surplus for 2003 (Water Works only) Na Na Na n/a n/a n/a n/a
<br />Projected budget deficit for 2003 0 Na Na Na Na Na n/a
<br />LRSA project balances carried forward to 1/1/03 n/a n/a n/a n/a n/a Na n/a
<br />Cash available for 2003 Capital Budget (excluding reserves) 4,328,386 898,779 105,376 11,480,276 1,962,556 538,401 29,336
<br />CAPITAL PROJECTS FOR 2003:
<br />Land Improvements 0 0 0 7,012,159 (,909,578 0 0
<br />Buildings and Building Improvements 30,000 0 0 2,088,468 0 50,000 0
<br />Motor Vehicles /Equipment 1,312,100 206,631 0 0 0 293,842 0
<br />Computer Equipment and Networking 224,000 fi03,948 0 0 0 0 0
<br />Materials and Equipment 1,079,500 86,200 0 0 0 194,559 28,500
<br />Office Equipment and Furniture 216,352 0 0 0 0 0 0
<br />Community and Neighborhood Development 1,463,500 0 105,000 2,379,649 52,978 0 0
<br />Total Capital Budget for 2003 4,325,452 898,779 105,000 11,480,276 1,962,556 538,401 28,500
<br />Available Cash (excl reserves) not appropriated for Capital Budget 914 0 376 0 '0 (Oj _1336
<br />FOR INFORMATIONAL PURPOSES:
<br />2003 Anticipated Revenue 57,613,964 1,096,707 626,801 6,472,413 3,821,202 1,304,000 0
<br />2003 Operating Expenditure Budget (does not include capital exp) (54,220,893) (175,270) 0 0 (624,429) (250,000) 0
<br />2003 Debt Service (Bonds Outstanding) 0 0 X590,270 (1,026,134) (2,747,975) (290,3151 0
<br />3 39_3 071 921,437 36 5,_ 31 5,446,279_ 448,798 763 685_ 0
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