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CITY OF SOUTH BEND
<br />2003 CAPITAL BUDGET
<br />AVAILABLE BALANCES
<br /> PARKS NON- RECREATION CITY
<br /> PARKS REVERTING NON- ETHNIC EAST RACE COVELESKI CEMETERY
<br /> & REC CAPITAL REVERTING FESTIVAL WATERWAY STADIUM TRUST
<br /> (#201) (#405) (#203) (#272) (#271) (#401) (#730)
<br />Cash balance as of 111/02 949,615 410,391 314,776 55,097 61,487 319,566 59,919
<br />Add: 2002 cash receipts/revenue 9,966,239 320,402 738,796 153,265 2,575 355,455 545
<br />Less: 2002 cash expenditures (operating only) (9,375,392) 0 (668,446) (143,466) (11,747) 0 0
<br />Less: 2002 cash expenditures (capital only) (254,032) (317,519} (4,377) 0 0 (24,600)
<br />Less: 2002 debt service for outstanding bonds Na Na Na n/a n/a n/a n!a
<br />Transfer: Construction Fund closeout at year-end n/a Na Na Na n/a n/a n/a
<br />Add/Less: lJet adjustments to balance sheet accounts (1,19 1 1,531 2 1 0 0
<br />Cash balance as of 12/31102 1,285,236 413,275 386,657 60,521 52,316 675,021 35,864
<br />Less: Encumbrances as of 12/31/02 (36,391) (62,706) (32,878) 0 0 0 0
<br />Less: Amount owed to General Fund n/a n!a Na n/a n/a n/a n/a
<br />Less: Parking Garages -negative cash balance at 12/31/02 n/a n/a n/a n/a n/a n/a n/a
<br />Less: Central Services - negative cash balance at 12/31/02 Na Na Na Na Na Na n/a
<br />Less: Reserve balances required for bond debt service Na Na n/a n/a n/a n/a n/a
<br />Adjusted cash balance as of 1/1/02 1,248,845 350,569 _
<br />353,779 60,521 52,316 675,021 35,864
<br />Adjustments to cash available for capital projects:
<br />Cash reserve as a %, of 2003 Operating Expenditure Budget (795,028) 8.1 % Na (313,778) 50.3%. (40,471) 25.4 % Na n/a n/a
<br />Cash reserve reduction Na (70,299) Na Na Na (330,000) (25,864)
<br />Cash reserve reduction for Fund #711 Na Na Na n/a n/a n/a Na
<br />Funds received in Jan 2003 for prior year Coveleski contract fees 0 Na Na n/a n/a n/a n/a
<br />Funds received 2003 due to sewer rate increase Na Na Na n/a n/a n/a n/a
<br />Total projected budget surplus for 2003 (COIT, EDIT,EMS & LRSA a Na n/a Na Na n/a n/a Na
<br />Reserve as a % of 2003 Anticlpated Revenue (COIT & EDIT only) n/a n/a Na n/a n/a n/a nla
<br />Partial projected budget surplus for 2003 (Water Works only) n/a n/a Na n/a n/a n/a Na
<br />Projected budget deficit for 2003 n/a Na Na Na Na n/a n/a
<br />LRSA project balances carried forward to 111/03 Na n/a n/a n/a n/a n/a nla
<br />Cash available for 2003 Capital Budget (excluding reserves) 453,817 280,270 40,000 20,049 52,316 345,021 10,000
<br />CAPITAL PROJECTS FOR 2003:
<br />Land Improvements 120,000 19,000 0 0 0 0 10,000
<br />Buildings and Building Improvements 140,000 39,600 30,000 0 0 344,000 0
<br />Motor Vehicles !Equipment 150,117 0 0 0 0 0 0
<br />Computer Equipment and Networking 10,000 0 0 0 0 0 0
<br />Materials and Equipment 33,700 221,670 10,000 20,000 50,000 0 0
<br />Office Equipment and Furniture 0 0 0 0 0 0 0
<br />Community and Neighbofiood Development 0 0 0 0 0 0 0
<br />Total Capital Budget for 2003 453,617 280,270 40,000 20,000 50,000 344,000 10,000
<br />Available Cash (excl reserves) not appropriated for Capital Budget (0) (~ 0 49 2,316 1,021 0
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<br />FOR INFORMATIONAL PURPOSES:
<br />2003 Anticipated Revenue 10,524,144 306,000 720,012 174,250 N/A N/A N/A
<br />2003 Operating Expenditure Budget (does not include capital exp} (9,801,024) 0 (623,974) (159,142) NIA N/A N/A
<br />2003 Debt Service (Bonds Outstanding) 0 0 0 0 N/A N/A N/A
<br /> 723120 306,000 96,038 15,108 N/A N/A N/A
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