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CITY OF SOUTH BEND, INDIANA <br />EXHIBIT A <br />I <br />LOCAL GOVERNMENT FINANCIAL ASSURANCE TEST <br />329 IAC 10- 39 -2(6) <br />PART B(i)(AA)(aa) <br />The City of South Bend has no outstanding General Obligation Bonds as of December 31, 2014. <br />PART B(i)(AA)(bb)(1) <br />Ratio of Cash Plus Marketable Securities to Total Expenditures <br />Test > = 0.05 <br />Cash & marketable securities <br />Divided by: Total expenditures <br />. _ �7 <br />PART B(i)(AA)(bb)(2) <br />Ratio of Annual Debt Service to Total Expenditures <br />Test < = 0.20 <br />Annual debt service <br />Divided by: Total expenditures <br />RATIO <br />PART B(i)(BB) <br />Calendar <br />Year 2014 <br />$197,017,805 (1) <br />158,429,845 (1) <br />1.2436 <br />Calendar <br />VPnr ?Old <br />$25,932,668 (2) <br />158,429,845 (1) <br />11MUSSM <br />The most recent CAFR prepared for the City of South Bend was for Calendar Year 2014. The City follows <br />accounting principles generally accepted in the United States of America (GAAP) as applicable to governmental <br />units. <br />(1) Per 2014 City of South Bend CAFR dated June 30, 2015. <br />(2) Per amortization schedules listed on the State of Indiana Gateway System. <br />Note: At the request of IDEM, the calculations shown in Exhibit A relate to the City of South Bend as a whole. <br />(Continued on next page) <br />(Subject to the comments in the attached report <br />dated October 19, 2015 of Umbaugh) <br />