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Introduction <br /> <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. <br /> <br />Cash vs Accrual Basis <br /> <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 /> <br />Reading the Graphs <br /> <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 /> <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 /> <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 /> <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 /> <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 />2