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CITY OF SOUTH BEND
<br />2003 CAPITAL BUDGET
<br />AVAILABLE BALANCES sewAGE
<br /> WATER WORKS
<br /> LOCAL WORKS (#641, #642,
<br /> ROADS 8, PROJECT BUILDING SOLID (#620, #622, #643, #648, CENTURY
<br /> STREETS RELEAF DEPT WASTE #625,#628 #649,#656 CENTER
<br /> (#251) (#655) (#600) (#610 8 #611) & #629) & #657) (#670)
<br />Cash balance as of 1/1/02 2,000,308 101,275 295,270 653,330 5,371,369 14,768,027 345,053
<br />Add: 2002 cash receipts/revenue 1,577,326 150,913 986,920 4,503,890 20,505,034 16,204,987 2,891,109
<br />Less: 2002 cash expenditures (operating only) 0 (102,462) (1,003,881) (4,132,668) (15,010,766) (12,656,584) (2,854,641)
<br />Less: 2002 cash expenditures (capital only) (2,835,310) 0 (28,026) (58,708) (2,282,300) (4,024,035) 0
<br />Less: 2002 debt service for outstanding bonds n/a n/a n/a Na (2,988,335) (2,582,421) n/a
<br />Transfer. Construction Fund close-out at year-end Na Na Na Na 0 Na n/a
<br />AddlLess: Net adjustments to balance sheet accounts (1} 2,016 13 14,523 _(191,_ 88~ 81,783 883,979
<br />Cash balance as of 12131/02 742,323 151,742 250,296 980,367 5,403,116 11,791,757 1,265,500
<br />Less: Encumbrances as of 12/31102 (334,816) 0 (37,531) (92) (273,207) (2,961,938) 0
<br />Less: Amount owed to General Fund n/a Na n/a Na n/a n/a n/a
<br />Less: Parking Garages - negative cash balance at 12/31/02 Na Na Na n/a n/a Na n/a
<br />Less: Central Services - negative cash balance at 12/31/02 n/a n/a nla n/a n/a n/a n/a
<br />Less: Reserve balances required for bond debt service n/a Na n/a n/a _ ~
<br />0 (5,395,338) n!a
<br />Adjusted cash balance as of 1/1/02 407,507 151,742 212,785 ^980,275 _
<br />_
<br />5,129,909 3,434,481 1,265,500
<br />Adjustments to cash available for capital projects:
<br />Cash reserve as a % of 2003 Operating Expenditure Budget Na (100,000) 8z.z h (170,270) ts.o % (817,033) 21.5 % (3,067,201) 3s.sX (2,790,041) 25.oX (446,012) 15.0
<br />Cash reserve reduction n/a Na 0 n/a Na 0 Na requtred n/a requtred n/a
<br />Cash reserve reduction for Fund #711 Na n/a Na Na n!a n/a nla
<br />Funds received in Jan 2003 for prior year Coveleskl contract fees n/a n/a n/a Na Na Na n/a
<br />Funds received 2003 due to sewer rate increase Na Na Na Na n/a 1,500,000 n/a
<br />Total projected budget surplus for 2003 (CO1T, EDIT,EMS $ LRSA r 1,208,844 Na n/a n/a Na Na n/a
<br />Reserve as a % of 2003 Anticipated Revenue (COIT 8 EDIT only) Na Na Na n/a n/a Na n/a
<br />Partial projected budget surplus for 2003 (Water Works only) Na n/a Na n/a 0 n/a Na
<br />Projected budget deficit for 2003 Na Na Na 0 Na n/a Na
<br />LRSA project balances carried forward to 1/1/03 (319,069] n/a Na n/a n/a n/a Na
<br />Cash available for 2003 Capital Budget (excluding reserves) 1,297,282 51,742 42,495 _
<br />163,242 2,062,708 2,144,440 819,489
<br />CAPITAL PROJECTS FOR 2003: Capital
<br />Land Improvements 1,297,000 0 0 0 980,000 301,000 expenditures
<br />Buildings and Building Improvements 0 0 0 0 154,000 70,000 are funded
<br />Motor Vehicles /Equipment 0 51,050 31,700 163,242 243,000 493,350 out of Hotel/
<br />Computer Equipment and Networking 0 0 0 0 76,500 9,950 Motel lax
<br />Materials and Equipment 0 0 0 0 603,750 1,240,372 Fund
<br />Office Equipment and Furniture 0 0 0 0 5,000 7,000 ($48,601 in
<br />Community and Neighborhood Development 0 0 0 0 0 0 2002)
<br />Total Capital Budget for 2003 1,297,000 51,050 31,700 163,242 2,062,250 2,121,672 0
<br />Available Cash (excl reserves) not appropriated for Capital Budget 282 692 10,795 (0) 458 22 768 819,489
<br />FOR INFORMATIONAL PURPOSES:
<br />2003 Anticipated Revenue 1,208,644
<br />2003 Operating Expenditure Budget (does not Include capital exp) 0
<br />2003 Debt Service (Bonds Outstanding) 0
<br />1,208,844
<br />154,440 1,096,815 4,081,439 12,627,813 13,077,000 2,986,771
<br />(108,511) (1,135,134) (3,808,393} (8,413,207) (11,160,162) (2,973,410)
<br />0 0 0 X3,380,020 (2,720,608} 0
<br />45,929 (38,319) 273,046 834,586 (803,770) 13,361
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