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