Fund Revenue and Expenditures Report 2000-2016 Adopted Budget

Home Browse Search

Introduction The City of South Bend Department of Administration and Finance has prepared this report of revenue and expenditures by fund for the period 2000 through the 2016 budget year. The purpose of the report is to summarize the trends and provide historical context in fund revenue and expenditures over an extended period of time. For purposes of comparability, 2015 and 2016 presents budgeted revenues and expenditures to provide expected full -year results. Cash vs Accrual Basis The report was prepared on a cash basis from data found in the City's Naviline accounting system. In Indiana, local government budgets are prepared on a cash basis rather than the accrual or modified accrual basis that is used for year -end financial reporting. The values shown annually are thus based on actual receipts or disbursements of cash. By comparison, most larger businesses operate on an accrual basis, where revenues or disbursements include amounts that are soon to be received or paid. Reading the Graphs The graphs contained in this report are known as combination graphs because they contain more than one kind of data element. The typical graph looks like this: =s z $100,000 $90.000 580,000 570.000 General Fund 101 560.000 ' 550,000 $40.000 $30,000 520,000 ti ti ti ti ti ti ti ti ti ti 1. ti ti ti 1. do do O Revenue �ExpenNthnec - fndi.,J, 535,000 530.000 � 52s))Oo r :20.0m S 15XI o 5 io.o0o $5,000 so Revenues and Expenditures provide information about the activity within each year and are indicated by the blue and orange bars. Their values are read along the left vertical axis. Ending Cash Balances provide the position at the end of each period and is indicated by the black trend line. Its value is read along the right vertical axis. An increase or decrease in the cash balance can be explained by a corresponding increase or decrease in revenues /expenditures. For example, the sharp drop in the cash balance in 2008, as seen above, was the result of much lower revenue income that year. The revenue was subsequently received in the following year as indicated by the very large revenue bar in 2009 and, thus, the cash balance was restored to roughly its same level as before. We hope you find this information useful and, as always, we welcome your questions and comments. Please contact Cecil Eastman at 574/235 -7702 for all inquiries.