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<br />I
<br />CITY OF SOUTH BEND
<br />1998 CAPITAL BUDGET
<br />20-Jan-98
<br /> GENERAL EMS
<br /> FUND CCDF CCIF EDIT COIT CAPITAL
<br />•• (#101) (#406) (#407) (#408) (#404) (#288)
<br />Cash balance as of 1/1/97 10,175,254 737,152 368,495 645,584 0 507
<br />956
<br />Add: Total 1997 cash receipts/revenue
<br />" 41,144,334 778,591 688,026 1,478,460 0 ,
<br />997
<br />599
<br />•
<br />,Less: Total 1997 cash expenditures
<br />• (39,915,477) (1,420,266) (915,144) (1,387,526) 0 ,
<br />(1
<br />088
<br />079)
<br />Add: Water Works Bond Fund transfer 0 0 0 0 0 ,
<br />,
<br />0
<br />Add/Less: Net adjustments to balance sheet accounts 117,283 0 0 0 0 22
<br />650
<br />Cash balance as of 12/31/97 11,521,394 95,477 141,378 736,518 0 ,
<br />440,126
<br />Less: Encumbrances as of 12/31/97 (1,262,021) (64,000) 0 (555,905) Na (33,295)
<br />Less: Park Dept non-reverting capital funds (transfer to new fund) n/a Na n/a n/a Na Na
<br />Less: Parking Garage - negative cash balance at 12/31/97 (1,382,070) Na n/a n/a Na Na
<br />Less: Central Services - negative cash balance at 12/31/97 (832,553) Na Na n/a n/a Na
<br />Adjusted cash balance as of 1/1/98 8,044,750 31,477 141,378 180,613 0 406,831
<br />Adjustments to cash available for capital projects:
<br />Reserve as a % of 1998 Expenditure Budget (5,605,695) t3.o~ Na Na Na Na Na
<br />1998 projected budget surplus n/a 103,018 Es lease Na 1,489,529 804
<br />846 Na
<br />1998 projected budgetdefrcit (271,217)garage Na Na Na ,
<br />Na Na
<br />Transfer to College Football Hall of Fame fund (300,000) n/a Na Na n/a Na
<br />SBCDA loan repayment 60,649 Na Na n/a Na Na
<br />Capital funds from Hotel/Motel Tax Board (Century Ctr) nia Na Na Na Na Na
<br />Proceeds from Transpo (Sale of Garage) Na Na Na ??? Na Na
<br />Cash available for 1998 Capital Budget 1,928,487 134,494 141,378 1,670,142 804,846 406,831
<br />CAPITAL PROJECTS FOR 1998:
<br />Land Improvements 42,000 000
<br />300
<br />Buildings and Building Improvements 180,728 72,145 1,248,676 , 215
<br />000
<br />Motor VehiGes/Equipment 791,100 55,000 247,000 ,
<br />45
<br />000
<br />Computer Equipment and Networking 203,940 ,
<br />Materials and Equipment 15,775 83
<br />500
<br />Office Equipment and Furniture 19,800 ,
<br />Neighborhood Programs (GN/GN & Curb/Sidewalk) 675,000 140,000 360,000 250
<br />000
<br />Economic Development Assistance 40,000 ,
<br />Total Capital Budget for 1998 1,928,343 127,145 140,000 1,648,676 797,000 343,500
<br />Available cash noU(over) appropriated for Capital Budget 144 7,349 1.378 21,466 7,846 63,331
<br />
<br /> NOTE: Reducing General Fund reserve targ et from 15% to 13% equates to $8 62,414 less in reserves
<br />FOR INFORMATIONAL PURPOSES:
<br />• •t9,98 Projected Revenue 43,373,824 1,008,889 685,351 2,881,297 804,846 1
<br />017
<br />500
<br />1998 Operating Expenditure Budget (does not include capital exp) 43,120,728 664,232 594,000 1,391,768 0 ,
<br />,
<br />893,153
<br /> 253,096 344.657 91.351 1489,529 804 846 124 347
<br />
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