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CITY OF SOUTH BEND
<br />1998 CAPITAL BUDGET
<br /> PARKS NON- MVH LOCAL TOTAL
<br /> PARKS REVERTING (STREETS ROADS 8 EXCLUDING
<br /> & REC CAPITAL DEPT) STREETS ENTERPRISE
<br />f, '. (#201) (#404) (#202) (#251) FUNDS
<br />Cash balance as of 1/1/97 1,866,743 n/a 767,191 917,639 15,986,014
<br />Add: Total 1997 cash receipts/revenue
<br />~ 8,654,083 Na 3,025,560 2,296,141 59,062,795
<br />; .Less: Total 1997 cash expenditures (8,523,653) Na (2,939,041) (2,119,617) (58,308,803)
<br />Add: Water Works Bond Fund transfer 0 0 0 0 0
<br />Add/Less: Net adjustments to balance sheet accounts 5,373 Na X5,034) 0 140,272
<br />Cash balance as of 12/31/97 2,002,546 0 848,676 1,094,163 16,880,278
<br />Less: Encumbrances as of 12/31/97 (539,299) Na (19,711) (515,210) (2,989,441)
<br />Less: Park Dept non-reverting capital funds (transfer to new fund) (211,219) 211,219 Na Na 0
<br />Less: Parking Garage - negative cash balance at 12/31/97 n/a Na Na n/a (1,382,070)
<br />Less: Central Services - negative cash balance at 12/31/97 n/a Na Na n/a 832,553
<br />L
<br />)
<br />Adjusted cash balance as of 1/1/98 1,252,028 211,219 828,965 _ __
<br />578,953 _
<br />-
<br />.----
<br />11,676,213
<br />Adjustments to cash available for capital projects:
<br />Reserve as a % of 1998 Expenditure Budget (413,562) S.o°h Na (166,393) 5.0°~ Na (6,185,649)
<br />1998 projected budget surplus n/a Na Na 1,935,686 4,333,079
<br />1998 projected budget deficit nla Na (595,322) Na (866,539)
<br />Transfer to College Football Hall of Fame fund Na Na Na Na (300,000)
<br />SBCDA loan repayment Na Na Na n/a 60,649
<br />Capital funds from Hotel/Motel Tax Board (Century Ctr) n/a n/a Na Na 0
<br />Proceeds from Transpo (Sale of Garage) Na Na n/a n/a 0
<br />Cash available for 1998 Capital Budget 838,466 211,219 67,250 2,514,639 8,717,753
<br />CAPITAL PROJECTS FOR 1998:
<br />Land Improvements 264,000 20,000 950,000 1,576,000
<br />Buildings and Building Improvements 117,000 110,000 1,943,549
<br />Motor VehiGes/Equipment 288,000 72,766 756,000 2,254,866
<br />Computer Equipment and Networking 20,000 223,940
<br />Materials and Equipment 79,300 650,000 828,575
<br />Office Equipment and Furniture 19,800
<br />Neighborhood Programs (GN/GN & Curb/Sidewalk) 1,425,000
<br />Economic Development Assistance 40,000
<br />Total Capital Budget for 1998 768,300 •• 202,766 0 2,356,000 8,311,730 "
<br />Available cash not/(over) appropriated for Capital Budget 70,166 8,453 67,250 158,639 406023
<br /> "' $173,000 of the Parks Dept 1998 Capital Budget has a lready been appropriated at the
<br /> January 12 , 1998 Common Council meeting.
<br />FOR INFORMATIONAL PURPOSES:
<br />'1998 Projected Revenue 8,828,480 2,732,529 1,935,686
<br />1998 Operating Expenditure Budget (does not include capital exp) 8,271,244 3,327,851 0
<br /> 557,236 (595,322) 1,935,686
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