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08. 2017 Budget Presentation Hearing Session III - Redevelopment Commission Controlled Funds
Redevelopment Commission Controlled Funds August 29, 2016 TABLE OF CONTENTS TAX INCREMENT FINANCING FUNDS .......................................................... 2-40 324 RIVER WEST (AIRPORT) ....................................................................................................... 2-9 422 WEST WASHINGTON ........................................................................................................ 10-14 425 LEIGHTON PLAZA ............................................................................................................. 15-21 429 RIVER EAST (NORTHEAST DEVELOPMENT) ................................................................. 22-26 430 SOUTHSIDE #1 ................................................................................................................... 27-30 432 ERSKINE VILLAGE ............................................................................................................ 31-33 435 DOUGLAS ROAD ................................................................................................................ 34-36 436 RIVER EAST RESIDENTIAL (NORTHEAST RESIDENTIAL) ............................................ 37-40 REDEVELOPMENT FUNDS .............................................................................. 41-46 433 REDEVELOPMENT ADMINISTRATION GENERAL.......................................................... 41-43 454 AIRPORT URBAN ENTERPRISE ZONE ............................................................................. 44-46 DEBT SERVICE FUNDS ..................................................................................... 47-54 315 2003 AIRPORT DEBT RESERVE ........................................................................................ 47-49 328 SBCDA 2003 DEBT RESERVE ......................................................................................... 50-52 1 City of South Bend, Indiana 2017 Budget River West TIF (Airport) - 324 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes 14,284,734 16,293,240 16,723,300 9,769,452 17,808,613 18,358,133 18,409,171 18,409,171 18,409,171 1,085,313 6.5% Local Income Taxes- - - - - - - - - - - Other Taxes- 492,000 396,000 198,500 394,000 395,000 396,500 396,500 396,500 (2,000) -0.5% Grants/Intergovernmental- - - - - - - - - - - Charges for Services- 14,061 125,000 - 125,000 125,000 - - - - 0.0% Interfund Allocations- - - - - - - - - - - Fines & Forfeitures 92,430 - - - - - - - - - - Donations- - - - - - - - - - - Other Income 196,817 3,114,283 1,981,564 579,599 306,682 100,000 100,000 100,000 100,000 (1,674,882) -84.5% Transfers In 3,548 4,989,785 43,000 11,497 20,000 20,000 20,000 20,000 20,000 (23,000) -53.5% Total Revenue 14,577,529 24,903,369 19,268,864 10,559,047 18,654,295 18,998,133 18,925,671 18,925,671 18,925,671 (614,569) -3.2% EXPENDITURES BY PROGRAM 1 Redevelopment Project Management & Implementation 21,683,000 13,621,365 11,242,538 12,027,638 11,983,608 21,683,000 - 2 TIF - Business Incentive 8,317,000 4,300,000 5,184,053 4,974,103 5,018,357 8,317,000 - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 30,000,000 17,921,365 16,426,590 17,001,741 17,001,965 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services 3,828,469 2,905,472 4,299,062 246,015 150,000 150,000 150,000 150,000 150,000 (4,149,062) -96.5% Printing & Advertising 12,555 - 30,275 30,275 40,170 40,170 40,170 40,170 40,170 9,895 32.7% Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance 68,000 - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal 2,612,779 4,689,666 4,673,100 2,114,750 6,159,112 4,890,000 5,078,750 5,262,500 5,380,000 1,486,012 31.8% Interest & Fees 839,178 1,785,916 1,544,796 739,924 2,023,070 1,978,171 1,789,565 1,600,865 1,395,081 478,274 31.0% Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges 571,486 439,480 334,343 109,318 - - - - - (334,343) -100.0% Total Services & Charges 7,932,467 9,820,534 10,881,576 3,240,282 8,372,352 7,058,341 7,058,485 7,053,535 6,965,251 (2,509,224) -23.1% Capital 285,293 13,686,537 33,620,501 6,041,671 21,627,648 10,863,024 9,368,105 9,948,206 10,036,714 (11,992,853) -35.7% Total Expenditures by Type 8,217,760 23,507,071 44,502,077 9,281,953 30,000,000 17,921,365 16,426,590 17,001,741 17,001,965 (14,502,077) -32.6% Net Surplus / (Deficit)6,359,769 1,396,298 (25,233,213) 1,277,094 (11,345,705) 1,076,768 2,499,081 1,923,930 1,923,706 Beginning Cash Balance 25,020,129 31,411,026 32,771,001 32,771,001 19,437,788 8,092,083 9,168,851 11,667,932 13,591,862 Cash Adjustments 6,390,897 1,359,974 11,900,000 - - - - - - Ending Cash Balance 31,411,026 32,771,001 19,437,788 34,048,095 8,092,083 9,168,851 11,667,932 13,591,862 15,515,568 Cash Reserves Target 2,054,440 5,876,768 11,125,519 2,320,488 7,500,000 4,480,341 4,106,648 4,250,435 4,250,491 25.00% Explain Significant Revenue and Expenditure Changes Below: Transfers in for 2015 relate to TIF realignment and merging funds from old South Bend Central Development Area and Central Medical District. All of the Central Medical (fund 426) cash was transferred into River West. Portion of South Bend Central Development Area was transferred into River East and remainder in River West. Note: The Cash Reserves Target for this fund is equal to 25% of annual expenditures. 2 City of South Bend, Indiana 2017 Budget River West TIF (Airport) - 324 Fund Summary - Description, Accomplishments, Goals, KPI's Fund Description & Purpose 2016 Accomplishments & Outcomes - - - - - - - - - - 2017 Department Goals & Objectives & Linkage to City Goals Basics are Easy (BE) - - - Good Government (GG) - - - People/Places (PP) - - - - Key Performance Indicators (KPI's) 2018 City Long Term 2015 2016 2017 Measure Goal Type Goal Actual Estimated Target -N/A - - - - - - - - - - - Types: output, efficiency, effectiveness, quality, outcome, technology 2017 Significant Changes/Challenges/Opportunities (with a focus on solutions) - - - - N/A Western Avenue Commercial Corridor Restriping in progress Coal Line Trail project approved and ready to begin Safe routes to school project around Harrison School continues To account for ependitures for improvements in the River West Development Tax Incremental Financing (TIF) area. TIF revenue is derived from property tax proceeds in excess of those attributable to the assessed valuation of the properties in the district before declaration of the TIF. Continuing work on Ignition Park Infrastructure Nello nearing completion LaSalle Hotel renovation underway Patel Hotel (former College Football Hall of Fame building) to begin construction in summer 3 City of South Bend, Indiana 2017 Budget River West TIF (Airport) - 324 Fund Summary - Five-Year Capital Improvement PlanMinimum Equipment$10,000 Thresholds Buildings$100,000Funding2016BUDGET FORECAST Name SourceBudget20172018201920202021Total Justification Replacement CapitalNone - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Project Capital Infrastructure Cash9,679,860 11,160,648 6,313,024 4,184,053 4,974,103 5,018,357 31,650,185 Improvements to increase assessed value in River West TIF Development Cash16,774,784 8,317,000 4,300,000 5,184,053 4,974,103 5,018,357 27,793,513 Improvements to increase assessed value in River West TIF Public Facilities Cash1,829,717 2,150,000 250,000 - - - 2,400,000 Improvements to increase assessed value in River West TIF - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Totals 28,284,361 21,627,648 10,863,024 9,368,105 9,948,206 10,036,714 61,843,697 4 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue RIVERWESTTIF(AIRPORT)324-0000-311.00-00GENERALPROPERTYTAX14,284,73416,293,24016,723,30016,723,3009,769,4529,769,45217,808,613------------------------------------------------------------------------------------ * 14,284,73416,293,24016,723,30016,723,3009,769,4529,769,45217,808,613 324-0000-317.00-00HOTEL/MOTELTAX 0492,000396,000396,000198,500198,500394,000------------------------------------------------------------------------------------ * 0492,000396,000396,000198,500198,500394,000 324-0000-349.11-00PARKING 04,616 0 0 0 0 0 324-0000-349.12-00PARKING-ST.JOE 09,445 0 0 0 0 0------------------------------------------------------------------------------------ * 014,061 0 0 0 0 0 324-0000-352.10-00BONDFORFEITURES 92,430 0 0 0 0 0 0------------------------------------------------------------------------------------ * 92,430000000 324-0000-360.00-00MISCELLANEOUSREVENUE 2,78947,8071,250,00088,000 0 0 0------------------------------------------------------------------------------------ * 2,78947,8071,250,00088,000 0 0 0 324-0000-361.00-00INTERESTEARNINGS 67,124189,02141,000392,000154,696140,883100,000 324-0000-361.31-10INTERESTINCOME 023,55921,70621,7067,8566,066 957------------------------------------------------------------------------------------ * 67,124212,58062,706413,706162,552146,949100,957 324-0000-362.00-00RENTALOFPROPERTY 1,40095,41452,020104,90763,60443,28052,020 324-0000-362.20-00LEASEREVENUE-EQUIPMENT 0 0125,000125,000 0 0125,000------------------------------------------------------------------------------------ * 1,40095,414177,020229,90763,60443,280177,020 324-0000-380.10-99MISC.REIMBURSEMENTS 0 52 0 0 0 0 0------------------------------------------------------------------------------------ * 05200000 324-0000-391.05-00PROPERTYSALES 8,3691,048,00155,000140,550140,51060,53677,331 324-0000-391.05-02LAND 015,000 0 0243,236243,236 0 324-0000-391.05-03SALEOFBLACKTHORN 01,472,130 0 0 0 0 0 324-0000-391.05-04BLACKTHORNGOLFCARTSALE 014,857 0 0 0 0 0------------------------------------------------------------------------------------ * 8,3692,549,98855,000140,550383,746303,77177,331 324-0000-392.00-00INTERFUNDOPER.TRANSFER 3,5484,989,78511,00043,00011,2519,97720,000------------------------------------------------------------------------------------ * 3,5484,989,78511,00043,00011,2519,97720,000 324-0000-393.01-00BONDPROCEEDS 101,267 0 0 0 0 0 0 5 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 324-0000-393.04-00BONDREFUNDINGSAVINGS 0 7 0 0 0 0 0------------------------------------------------------------------------------------ * 101,267700000 324-0000-399.02-06PRINCIPALINCOME 15,868 0 0 0 0 0 0 324-0000-399.31-10PRINCIPALONLOANS 0208,435210,288210,288127,47490,59876,374------------------------------------------------------------------------------------ * 15,868208,435210,288210,288127,47490,59876,374------------------------------------------------------------------------------------ **RIVERWESTTIF(AIRPORT) 14,577,52924,903,36918,885,31418,244,75110,716,57910,562,52818,654,295 ------------------------------------------------------------------------------------ ***RIVERWESTTIF(AIRPORT) 14,577,52924,903,36918,885,31418,244,75110,716,57910,562,52818,654,295 6 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures RIVERWESTTIF(AIRPORT)324-1050-460.31-01LEGAL 234,928198,15975,000205,78977,41549,459150,000 324-1050-460.31-02ENGINEERING 684,560479,093 0803,831101,17668,386 0 324-1050-460.31-05APPRAISAL 0 0 03,500 0 0 0 324-1050-460.31-06OTHERPROFSERVICES 2,813,3642,228,220262,7053,285,942128,756128,171 0 324-1050-460.31-50BONDISSUANCECOSTS 95,617 0 0 0 0 0 0 324-1050-460.33-03PROMOTIONAL 12,555 025,00030,27530,27530,27540,170 324-1050-460.36-01BUILDINGS 68,000 0 0 0 0 0 0324-1050-460.37-11CAPITALLEASEPRINCIPAL1,022,7791,832,9991,738,5002,188,1002,093,5001,134,7503,149,112LEVELTEXT TEXTAMT 021/15POLICE&FIREBOND 620,000 7/15POLICE&FIREBOND 620,000 ORIGINALPRINCIPAL$10,215,000;AMORTSCHED#39PROJECTEDPAYOFFDATE:2/1/20234/15CENTURYCENTERBOND 300,000 ORIGINALPRINCIPAL$3,990,000;AMORTSCHED#62PROJECTEDPAYOFFDATE:4/15/20261/28MORRISPACBOND 515,000 ORIGINALPRINCIPAL$7,210,000;AMORTSCHED#11PROJECTEDPAYOFFDATE:1/28/2017SMARTSTREETSORIGINALPRINCIPAL$25,000,000.00 460,000 PROJECTEDPAYOFFDATE:1/15/20372/17PUBLICWKSBLDG$285,000.AT87.7% 249,945 8/17PUBLICWKSBLDG$290,000.AT87.7% 254,330 FUND641PAYBALANCEANTICIPATEDPAYOFF2/20213/17MAIN&COLFAXGARAGE 64,117 9/17MAIN&COLFAXGARAGE 65,720 ANTICIPATEDPAYOFF9/2025 3,149,112 324-1050-460.37-12CAPITALLEASEINTEREST 336,750576,300416,500435,400332,500174,750993,851 LEVELTEXT TEXTAMT 021/15POLICE&FIREBONDPYMT 166,000 7/15POLICE&FIREBONDPYMT 165,000 10/15CENTURYCENTERBONDPYMT 94,000 1/28MORRISPACBONDPYMT 12,000 7/15SMARTSSTREETSBONDPYMT 396,500 2/17PUBWKSBLDG87.7%OFLEASEINTPYMT 47,125 8/17PUBWKSBLDG87.7%OFLEASEINTPYMT 43,063 3/17MAIN&COLFAXGARAGE 35,883 9/17MAIN&COLFAXGARAGE 34,280 993,851 324-1050-460.37-13BONDPAYOFFFEES 07,629 0 0 0 0 0 324-1050-460.38-01PRINCIPAL 1,590,0002,856,6672,485,0002,485,0002,080,000980,0003,010,000 LEVELTEXT TEXTAMT 7 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 0212/30TJXBONDPYMT 415,000 ORIGINALPRINCIPAL$6,620,000;AMORTSCHED.#12PROJECTEDPAYOFFDATE:12/31/20212/12003/2011AIRPORTBONDPYMT 370,000 8/12003/2011AIRPORTBONDPYMT 380,000 ORIGINALPRINCIPAL$10,435,000;AMORTSCHED#6PROJECTEDPAYOFFDATE:2/1/20252/12003/2011DOWNTOWNBONDPYMT 650,000 8/12003/2011DOWNTOWNBONDPYMT 665,000 ORIGINALPRIN.$18.030M;PAYOFF:8/1/2024;AMSCHD#58/9PRAIRIEAVE.BROWNFIELD 100,000 ORIG.PRIN.$500,000;AMSCHD#86;PAYOFF8/9/202002/2017LEIGHTONPLAZASERIES2006A 225,000 PROJECTEDPAYOFF2/201702/2017LEIGHTONPLAZASERIES2006B 205,000 PROJECTEDPAYOFF2/2017 3,010,000 324-1050-460.38-02INTEREST 500,4281,200,4871,108,3961,108,3961,069,171565,1741,028,219 LEVELTEXT TEXTAMT 027/1TJXBONDPYMT 39,225 1/1TJXBONDPYMT 39,225 2/12003/2011AIRPORTBONDPYMT 174,842 8/12003/2011AIRPORTBONDPYMT 166,369 2/12003/2011DOWNTOWNBONDPYMT 306,755 8/12003/2011DOWNTOWNBONDPYMT 291,870 02/2017LEIGHTONPLAZASERIES2006A 4,500 02/2017LEIGHTONPLAZASERIES2006B 5,433 1,028,219 324-1050-460.38-03PAYINGAGENTFEES 2,0001,5001,0001,000 500 01,000 324-1050-460.39-01REFUNDS/AWARDS 0404,930 08,340 0 0 0 324-1050-460.39-64PROPERTYMANAGEMENT 139,286 62 0 0 0 0 0 324-1050-460.39-80RELOCATION 296,950 0 033,600 0 0 0 324-1050-460.39-82DEMOLITION&CLEARANCE 135,25034,488 0292,403109,318109,318 0------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 7,932,4679,820,5346,112,10110,881,5766,022,6113,240,2838,372,352 324-1050-460.41-01LAND 241,974190,032 023,620 0 0 0 324-1050-460.42-01LANDIMPROVEMENTS 45,243296,141 02,784,860191,517173,979 0 324-1050-460.42-02BUILDINGS 431,637,463 05,043,4511,712,055919,049 0 324-1050-460.42-03STREETSANDALLEYS 04,718,28813,587,89919,656,4982,114,4761,827,43821,627,648 324-1050-460.42-07EQUIPMENT 1,967-6,844,613 06,112,0724,024,6443,121,205 0------------------------------------------------------------------------------------ *CAPITAL 285,29313,686,53713,587,89933,620,5018,042,6926,041,67121,627,648------------------------------------------------------------------------------------ 8 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures **COMMUNITYINVESTMENT 8,217,76023,507,07119,700,00044,502,07714,065,3039,281,95330,000,000 ------------------------------------------------------------------------------------ ***RIVERWESTTIF(AIRPORT) 8,217,76023,507,07119,700,00044,502,07714,065,3039,281,95330,000,000 9 City of South Bend, Indiana 2017 Budget West Washington TIF - 422 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes 580,987 402,911 420,000 - 420,000 420,000 420,000 420,000 420,000 - 0.0% Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 1,812 6,942 15,500 5,962 16,000 16,000 16,000 16,000 16,000 500 3.2% Transfers In- - - - - - - - - - - Total Revenue 582,799 409,853 435,500 5,962 436,000 436,000 436,000 436,000 436,000 500 0.1% EXPENDITURES BY PROGRAM 1 Redevelopment Project Management & Implementation 620,400 480,000 365,000 500,000 400,000 620,400 - 2 TIF - Business Incentive 504,600 504,600 - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 1,125,000 480,000 365,000 500,000 400,000 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services 319 30,502 43,166 10,922 - - - - - (43,166) -100.0% Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges (307) - - - - - - - - - - Total Services & Charges 12 30,502 43,166 10,922 - - - - - (43,166) -100.0% Capital- 68,276 1,360,200 - 1,125,000 480,000 365,000 500,000 400,000 (235,200) -17.3% Total Expenditures by Type 12 98,778 1,403,366 10,922 1,125,000 480,000 365,000 500,000 400,000 (278,366) -19.8% Net Surplus / (Deficit)582,787 311,075 (967,866) (4,960) (689,000) (44,000) 71,000 (64,000) 36,000 Beginning Cash Balance 612,962 1,196,440 1,508,786 1,508,786 540,920 351,920 307,920 378,920 314,920 Cash Adjustments 583,478 312,346 - - 500,000 - - - - Ending Cash Balance 1,196,440 1,508,786 540,920 1,503,826 351,920 307,920 378,920 314,920 350,920 Cash Reserves Target 3 24,695 350,842 2,731 281,250 120,000 91,250 125,000 100,000 25.00% Explain Significant Revenue and Expenditure Changes Below: Major project for 2016 and 2017 is the Cemetery enhancement project. Note: The Cash Reserves Target for this fund is equal to 25% of annual expenditures. 10 City of South Bend, Indiana 2017 Budget West Washington TIF - 422 Fund Summary - Description, Accomplishments, Goals, KPI's Fund Description & Purpose 2016 Accomplishments & Outcomes - - - - - - - - - - 2017 Department Goals & Objectives & Linkage to City Goals Basics are Easy (BE) - - - - Good Government (GG) - - - - People/Places (PP) - - - - Key Performance Indicators (KPI's) 2018 City Long Term 2015 2016 2017 Measure Goal Type Goal Actual Estimated Target -N/A - - - - - - - - - - - Types: output, efficiency, effectiveness, quality, outcome, technology 2017 Significant Changes/Challenges/Opportunities (with a focus on solutions) - - - - None To account for expenditures for improvements in the West Washington Tax Incremental Financing (TIF) area. Financing is provided by property tax proceeds in excess of those attributable to the assessed valuation of the properties in the district before declaration of the TIF. Beginning implementation of the Cemetery master plan. 11 City of South Bend, Indiana 2017 Budget West Washington TIF - 422 Fund Summary - Five-Year Capital Improvement PlanMinimum Equipment$10,000 Thresholds Buildings$100,000Funding2016BUDGET FORECAST Name SourceBudget20172018201920202021Total Justification Replacement CapitalNone - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Project Capital Infrastructure Cash1,403,366 620,400 480,000 365,000 500,000 400,000 2,365,400 Development Cash - 504,600 - - - - 504,600 Public Facilities Cash - - - - - - - Parks Cash - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Totals 1,403,366 1,125,000 480,000 365,000 500,000 400,000 2,870,000 12 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue TIFALLOCWESTWASHINGTON422-0000-311.00-00GENERALPROPERTYTAX 580,987402,911420,000420,000282,810282,810420,000------------------------------------------------------------------------------------ * 580,987402,911420,000420,000282,810282,810420,000 422-0000-361.00-00INTERESTEARNINGS 1,8126,9424,00015,5008,1217,35816,000------------------------------------------------------------------------------------ * 1,8126,9424,00015,5008,1217,35816,000------------------------------------------------------------------------------------ **TIFALLOCWESTWASHINGTON 582,799409,853424,000435,500290,931290,167436,000------------------------------------------------------------------------------------ ***TIFALLOCWESTWASHINGTON 582,799409,853424,000435,500290,931290,167436,000 13 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures TIFALLOCWESTWASHINGTON422-1050-460.31-06OTHERPROFSERVICES 31930,50226,00043,16610,92210,92226,000 422-1050-460.39-64PROPERTYMANAGEMENT 307- 0 0 0 0 0 0------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 1230,50226,00043,16610,92210,92226,000 422-1050-460.42-03STREETSANDALLEYS 068,2761,074,0001,360,200 0 01,099,000------------------------------------------------------------------------------------ *CAPITAL 068,2761,074,0001,360,200 0 01,099,000------------------------------------------------------------------------------------ **COMMUNITYINVESTMENT 1298,7781,100,0001,403,36610,92210,9221,125,000------------------------------------------------------------------------------------ ***TIFALLOCWESTWASHINGTON 1298,7781,100,0001,403,36610,92210,9221,125,000 14 City of South Bend, Indiana 2017 Budget Leighton Plaza TIF - 425 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes- - - - - - - - - - - Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 165,150 166,751 172,703 68,332 197,014 197,014 197,014 197,014 197,014 24,311 14.1% Transfers In- - - - - - - - - - - Total Revenue 165,150 166,751 172,703 68,332 197,014 197,014 197,014 197,014 197,014 24,311 14.1% EXPENDITURES BY PROGRAM 1 Downtown Retail Space Property Management 158,166 158,166 158,166 158,166 158,166 158,166 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 158,166 158,166 158,166 158,166 158,166 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies 4,547 7,390 8,742 1,640 10,342 10,342 10,342 10,342 10,342 1,600 18.3% Services & Charges Professional Services 4,298 5,002 7,000 23,425 7,000 7,000 7,000 7,000 7,000 - 0.0% Printing & Advertising - - - - - - - - - - - Utilities 5,801 4,446 6,192 4,259 4,500 4,500 4,500 4,500 4,500 (1,692) -27.3% Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance 53,745 72,169 85,834 21,025 85,834 85,834 85,834 85,834 85,834 - 0.0% Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges 37,878 41,454 52,638 21,608 50,490 50,490 50,490 50,490 50,490 (2,148) -4.1% Total Services & Charges 101,722 123,071 151,664 70,316 147,824 147,824 147,824 147,824 147,824 (3,840) -2.5% Capital 19,423 - - - - - - - - - - Total Expenditures by Type 125,692 130,461 160,406 71,956 158,166 158,166 158,166 158,166 158,166 (2,240) -1.4% Net Surplus / (Deficit)39,458 36,290 12,297 (3,624) 38,848 38,848 38,848 38,848 38,848 Beginning Cash Balance 133,067 172,578 209,031 209,031 221,328 260,176 299,024 337,872 376,720 Cash Adjustments 39,511 36,453 - - - - - - - Ending Cash Balance 172,578 209,031 221,328 205,407 260,176 299,024 337,872 376,720 415,568 Cash Reserves Target 31,423 32,615 40,102 17,989 39,542 39,542 39,542 39,542 39,542 25.00% Explain Significant Revenue and Expenditure Changes Below: This fund is used to fund upkeep and management of the Michigan Street Shops, Leighton Plaza, and Wayne Street retail spaces in downtown. During 2016, HVAC units were upgraded and full occupancy was achieved. Note: The Cash Reserves Target for this fund is equal to 25% of annual expenditures. 15 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue TIF-LEIGHTONPLAZA425-0000-361.00-00INTERESTEARNINGS 252 8551,0001,700 885 8091,700------------------------------------------------------------------------------------ * 252 8551,0001,700 885 8091,700------------------------------------------------------------------------------------ **TIF-LEIGHTONPLAZA 252 8551,0001,700 885 8091,700 16 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 425-1081-360.00-00MISCELLANEOUSREVENUE 8,2615,0646,4806,4803,9893,8296,480425-1081-360.20-00COMMONAREAMAINT.INC.34,18439,32229,79429,79415,73813,80837,713------------------------------------------------------------------------------------ * 42,44544,38636,27436,27419,72717,63844,193 425-1081-361.00-00INTERESTEARNINGS 2 2 6 6 1 1 6------------------------------------------------------------------------------------ * 2266116 425-1081-362.00-00RENTALOFPROPERTY 86,40087,25198,38598,38548,07538,923114,777------------------------------------------------------------------------------------ * 86,40087,25198,38598,38548,07538,923114,777------------------------------------------------------------------------------------ **RETAIL 128,847131,639134,665134,66567,80356,562158,976 17 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 425-1083-360.20-00COMMONAREAMAINT.INC. 0 08,5328,532 0 08,532------------------------------------------------------------------------------------ * 0 08,5328,532 0 08,532 425-1083-362.00-00RENTALOFPROPERTY 36,05134,25727,80627,80611,16110,96127,806------------------------------------------------------------------------------------ * 36,05134,25727,80627,80611,16110,96127,806------------------------------------------------------------------------------------ **WAYNESTREET 36,05134,25736,33836,33811,16110,96136,338------------------------------------------------------------------------------------ ***TIF-LEIGHTONPLAZA 165,150166,751172,003172,70379,84968,332197,014 18 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures TIF-LEIGHTONPLAZA425-1081-460.23-99OTHERREPAIR&MAINT.SUP2,7934,8005,2925,2922,1181,5985,292------------------------------------------------------------------------------------ *SUPPLIES 2,7934,8005,2925,2922,1181,5985,292 425-1081-460.31-10LEASINGCOMMISSIONS 4,2985,0027,0007,00023,42523,4257,000 425-1081-460.35-01ELECTRIC 1,301 01,2001,2001,6201,539 0 425-1081-460.35-03TRASHREMOVAL 4,1724,4464,4524,4522,5942,2234,500 425-1081-460.35-04WATER 328 0 540 540 674 497 0 425-1081-460.36-01BUILDINGS 019,20924,00024,0003,0003,00024,000 425-1081-460.36-12COMM.AREAMAINTGRNDS 6,1476,8828,4808,4802,6922,6538,480 425-1081-460.36-13MAINT.SUPERVISORLABOR 6,0852,6244,8004,8001,3801,3804,800 425-1081-460.36-15GENERALMAINT-LABOR 22,55522,06122,60422,6048,4186,27122,604 425-1081-460.39-02ADMINISTRATIVE/MILEAGE 402 3391,8001,800 122 971,800 425-1081-460.39-03MANAGEMENTFEES 7,5008,8938,7908,7904,9184,2109,766 425-1081-460.39-09ADMINISTRATIVEEXPENSE 6,7464,54912,23612,2362,5832,23711,176425-1081-460.39-89MISCCHARGES&SERVICES16,78416,78422,20822,20811,24011,24016,784------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 76,31890,789118,110118,11062,66658,771110,910 425-1081-460.42-02BUILDINGS 19,423 0 0 0 0 0 0------------------------------------------------------------------------------------ *CAPITAL 19,423 0 0 0 0 0 0------------------------------------------------------------------------------------ **RETAIL 98,53495,589123,402123,40264,78460,369116,202 19 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 425-1082-460.22-07LANDSCAPINGMATERIALS 0 900 900 900 0 02,500 425-1082-460.23-40SALT/ICEMELT 0 84 270 270 42 42 270 425-1082-460.23-99OTHERREPAIR&MAINT.SUP1,7541,6062,2802,280 0 02,280------------------------------------------------------------------------------------ *SUPPLIES 1,7542,5903,4503,450 42 425,050 425-1082-460.36-12COMM.AREAMAINTGRNDS 18,95821,39325,95025,9509,3357,72125,950 425-1082-460.39-01REFUNDS/AWARDS 825 825 900 900 525 450 900------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 19,78322,21826,85026,8509,8608,17126,850------------------------------------------------------------------------------------ **PLAZA 21,53724,80830,30030,3009,9028,21331,900 20 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 425-1083-460.39-01REFUNDS/AWARDS 2,2002,4002,4002,4001,2001,0002,400 425-1083-460.39-89MISCCHARGES&SERVICES 3,4217,6644,3044,3042,3742,3747,664------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 5,62110,0646,7046,7043,5743,37410,064------------------------------------------------------------------------------------ **WAYNESTREET 5,62110,0646,7046,7043,5743,37410,064------------------------------------------------------------------------------------ ***TIF-LEIGHTONPLAZA 125,692130,461160,406160,40678,26071,956158,166 21 City of South Bend, Indiana 2017 Budget River East TIF (Northeast Development) - 429 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes 1,568,240 2,421,308 2,750,000 1,170,979 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 250,000 9.1% Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 8,751 54,153 57,000 36,776 57,000 50,000 50,000 50,000 50,000 - 0.0% Transfers In- 1,430,965 - - - - - - - - - Total Revenue 1,576,991 3,906,426 2,807,000 1,207,755 3,057,000 3,050,000 3,050,000 3,050,000 3,050,000 250,000 8.9% EXPENDITURES BY PROGRAM 1 Redevelopment Project Management & Implementation 5,000,000 1,305,000 1,305,000 1,325,000 1,400,000 5,000,000 - 2 TIF - Business Incentive 2,800,000 1,445,000 1,550,000 1,600,000 1,650,000 2,800,000 - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 7,800,000 2,750,000 2,855,000 2,925,000 3,050,000 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services 29,175 65,447 83,573 33,284 - - - - - (83,573) -100.0% Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges - 616,057 - - - - - - - - - Total Services & Charges 29,175 681,504 83,573 33,284 - - - - - (83,573) -100.0% Capital 126 220,270 8,251,586 426,972 7,800,000 2,750,000 2,855,000 2,925,000 3,050,000 (451,586) -5.5% Total Expenditures by Type 29,301 901,774 8,335,159 460,255 7,800,000 2,750,000 2,855,000 2,925,000 3,050,000 (535,159) -6.4% Net Surplus / (Deficit)1,547,690 3,004,652 (5,528,159) 747,500 (4,743,000) 300,000 195,000 125,000 - Beginning Cash Balance 3,008,791 4,559,110 7,570,974 7,570,974 7,542,815 2,799,815 3,099,815 3,294,815 3,419,815 Cash Adjustments 1,550,320 3,011,864 5,500,000 - - - - - - Ending Cash Balance 4,559,110 7,570,974 7,542,815 8,318,474 2,799,815 3,099,815 3,294,815 3,419,815 3,419,815 Cash Reserves Target 7,325 225,444 2,083,790 115,064 1,950,000 687,500 713,750 731,250 762,500 25.00% Explain Significant Revenue and Expenditure Changes Below: Due to TIF re-allocation of 2014, the boundaries for this TIF increased, which means we expect to see an increase in TIF revenues. 22 City of South Bend, Indiana 2017 Budget River East TIF (Northeast Development) - 429 Fund Summary - Description, Accomplishments, Goals, KPI's Fund Description & Purpose 2016 Accomplishments & Outcomes - - - - - - - - - - 2017 Department Goals & Objectives & Linkage to City Goals Basics are Easy (BE) - - - - - - - Good Government (GG) - - - - - - - People/Places (PP) - - - - - - - Key Performance Indicators (KPI's) 2018 City Long Term 2015 2016 2017 Measure Goal Type Goal Actual Estimated Target -N/A - - - - - - Types: output, efficiency, effectiveness, quality, outcome, technology 2017 Significant Changes/Challenges/Opportunities (with a focus on solutions) - - - - There is considerable pressure on the River East TIF for a variety of projects in late 2016 and 2017. While it is exciting to have so much interest in this area, the limited resources will make it difficult to choose which to fund. To account for expenditures for public improvements in the River East Tax Incremental Financing (TIF) area. TIF revenue is derived from property tax proceeds in excess of those attributable to the assessed valuation of the properties in the district before declaration of the TIF. Work underway on East Bank Phase 5 - Combined Sewer Overflow Project Under contract for Howard Park Ice Rink project Work to be completed on Hill & Colfax mixed use development 23 City of South Bend, Indiana 2017 Budget River East TIF (Northeast Development) - 429 Fund Summary - Five-Year Capital Improvement PlanMinimum Equipment$10,000 Thresholds Buildings$100,000Funding2016BUDGET FORECAST Name SourceBudget20172018201920202021Total Justification Replacement CapitalNone - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Project Capital Infrastructure Cash3,087,378 1,500,000 1,305,000 1,305,000 1,325,000 1,400,000 6,835,000 Improvements in River East TIF to spur development Development Cash2,210,595 2,800,000 1,445,000 1,550,000 1,600,000 1,650,000 9,045,000 Improvements in River East TIF to spur development Public Facilities Cash1,732,000 1,950,000 - - - - 1,950,000 Improvements in River East TIF to spur development Parks Cash - 1,550,000 - - - - 1,550,000 Improvements in River East TIF to spur development - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Totals 7,029,973 7,800,000 2,750,000 2,855,000 2,925,000 3,050,000 19,380,000 24 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue RIVEREASTDEVTIF(NE)429-0000-311.00-00GENERALPROPERTYTAX1,568,2402,421,3082,750,0002,750,0001,170,9791,170,9793,000,000------------------------------------------------------------------------------------ * 1,568,2402,421,3082,750,0002,750,0001,170,9791,170,9793,000,000 429-0000-360.00-00MISCELLANEOUSREVENUE 0 0 072,000 0 0 0------------------------------------------------------------------------------------ * 00072,000000 429-0000-361.00-00INTERESTEARNINGS 8,75134,7967,00057,00040,46636,77657,000------------------------------------------------------------------------------------ * 8,75134,7967,00057,00040,46636,77657,000 429-0000-391.05-02LAND 019,357 0 0 0 0 0------------------------------------------------------------------------------------ * 019,357 0 0 0 0 0 429-0000-392.00-00INTERFUNDOPER.TRANSFER 01,430,965 0 0 0 0 0------------------------------------------------------------------------------------ * 01,430,965 0 0 0 0 0------------------------------------------------------------------------------------ **RIVEREASTDEVTIF(NE) 1,576,9913,906,4262,757,0002,879,0001,211,4451,207,7553,057,000 ------------------------------------------------------------------------------------ ***RIVEREASTDEVTIF(NE) 1,576,9913,906,4262,757,0002,879,0001,211,4451,207,7553,057,000 25 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures RIVEREASTDEVTIF(NE)429-1050-460.31-01LEGAL 5,692 748 0 0 0 0 0 429-1050-460.31-02ENGINEERING 14,11659,412 083,57330,95033,284 0 429-1050-460.31-06OTHERPROFSERVICES 9,3675,287570,000248,800 0 0 0 429-1050-460.39-01REFUNDS/AWARDS 0616,057 0 0 0 0 0------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 29,175681,504570,000332,37330,95033,284 0 429-1050-460.42-01LANDIMPROVEMENTS 05,000 086,403 100 100 0 429-1050-460.42-02BUILDINGS 0 0 01,301,2003,6353,635 0 429-1050-460.42-03STREETSANDALLEYS 126215,2703,230,0006,615,183639,200423,2377,800,000 ------------------------------------------------------------------------------------ *CAPITAL 126220,2703,230,0008,002,786642,935426,9717,800,000------------------------------------------------------------------------------------ **COMMUNITYINVESTMENT 29,301901,7743,800,0008,335,159673,885460,2557,800,000------------------------------------------------------------------------------------ ***RIVEREASTDEVTIF(NE) 29,301901,7743,800,0008,335,159673,885460,2557,800,000 26 City of South Bend, Indiana 2017 Budget Southside TIF #1 - 430 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes 2,379,212 2,205,822 2,400,000 1,251,614 2,400,000 2,400,000 2,100,000 2,100,000 2,100,000 - 0.0% Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 9,600 26,718 33,000 28,898 33,000 10,000 10,000 10,000 10,000 - 0.0% Transfers In- - - - 1,460,000 - - - - 1,460,000 - Total Revenue 2,388,812 2,232,540 2,433,000 1,280,511 3,893,000 2,410,000 2,110,000 2,110,000 2,110,000 1,460,000 60.0% EXPENDITURES BY PROGRAM 1 Redevelopment Project Mgt & Implementation 6,000,000 2,410,000 2,110,000 2,110,000 2,110,000 6,000,000 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 6,000,000 2,410,000 2,110,000 2,110,000 2,110,000 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services 236,626 394,254 528,454 235,667 - - - - - (528,454) -100.0% Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges 8,500 - - - - - - - - - - Total Services & Charges 245,126 394,254 528,454 235,667 - - - - - (528,454) -100.0% Capital 626,042 700,198 6,883,361 573,987 6,000,000 2,410,000 2,110,000 2,110,000 2,110,000 (883,361) -12.8% Total Expenditures by Type 871,168 1,094,452 7,411,815 809,654 6,000,000 2,410,000 2,110,000 2,110,000 2,110,000 (1,411,815) -19.0% Net Surplus / (Deficit)1,517,644 1,138,088 (4,978,815) 470,857 (2,107,000) - - - - Beginning Cash Balance 3,439,648 4,960,153 6,103,313 6,103,313 3,524,498 1,417,498 1,417,498 1,417,498 1,417,498 Cash Adjustments 1,520,505 1,143,160 2,400,000 - - - - - - Ending Cash Balance 4,960,153 6,103,313 3,524,498 6,574,170 1,417,498 1,417,498 1,417,498 1,417,498 1,417,498 Cash Reserves Target 217,792 273,613 1,852,954 202,414 1,500,000 602,500 527,500 527,500 527,500 25.00% Explain Significant Revenue and Expenditure Changes Below: This fund is used to account for expenditures for improvements in the South Side Development Tax Incremental Financing (TIF) area #1. TIF revenue is derived from property tax proceeds in excess of those attributable to the assessed valuation of the properties in the district before declaration of the TIF. Major project in 2016 is the Chippewa Roundabout. 27 City of South Bend, Indiana 2017 Budget Southside TIF #1 - 430 Fund Summary - Five-Year Capital Improvement PlanMinimum Equipment$10,000 Thresholds Buildings$100,000Funding2016BUDGET FORECAST NameSourceBudget20172018201920202021Total Justification Replacement CapitalNone - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Project Capital InfrastructureCash7,411,815 6,000,000 2,410,000 2,110,000 2,110,000 2,110,000 14,740,000 Improvements to increase assessed value in South Side Development Area DevelopmentCash - - - - - - - Improvements to increase assessed value in South Side Development Area Public FacilitiesCash - - - - - - - Parks Cash - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Totals 7,411,815 6,000,000 2,410,000 2,110,000 2,110,000 2,110,000 14,740,000 28 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue SOUTHSIDEDEVTIFAREA#1430-0000-311.00-00GENERALPROPERTYTAX2,379,2122,205,8222,400,0002,400,0001,251,6141,251,6142,400,000------------------------------------------------------------------------------------ * 2,379,2122,205,8222,400,0002,400,0001,251,6141,251,6142,400,000 430-0000-361.00-00INTERESTEARNINGS 9,60026,71810,00033,00031,69328,89833,000------------------------------------------------------------------------------------ * 9,60026,71810,00033,00031,69328,89833,000 430-0000-392.00-00INTERFUNDOPER.TRANSFER 0 0 0 0 0 01,460,000------------------------------------------------------------------------------------ * 0 0 0 0 0 01,460,000------------------------------------------------------------------------------------ **SOUTHSIDEDEVTIFAREA#1 2,388,8122,232,5402,410,0002,433,0001,283,3071,280,5113,893,000 ------------------------------------------------------------------------------------ ***SOUTHSIDEDEVTIFAREA#1 2,388,8122,232,5402,410,0002,433,0001,283,3071,280,5113,893,000 29 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures SOUTHSIDEDEVTIFAREA#1430-1050-460.31-01LEGAL 03,783 0 0 336 336 0 430-1050-460.31-02ENGINEERING 126,759329,550 0229,362237,861228,662 0 430-1050-460.31-06OTHERPROFSERVICES 109,86760,921240,000299,0926,6696,669 0 430-1050-460.39-82DEMOLITION&CLEARANCE 8,500 0 0 0 0 0 0------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 245,126394,254240,000528,454244,866235,667 0 430-1050-460.41-01LAND 91,412131,931 0744,113320,915309,993 0 430-1050-460.42-01LANDIMPROVEMENTS 0 0 025,000 0 0 0 430-1050-460.42-03STREETSANDALLEYS 534,630568,2675,860,0006,114,248959,493263,9946,000,000 ------------------------------------------------------------------------------------ *CAPITAL 626,042700,1985,860,0006,883,3611,280,408573,9876,000,000------------------------------------------------------------------------------------ **COMMUNITYINVESTMENT 871,1681,094,4526,100,0007,411,8151,525,274809,6546,000,000------------------------------------------------------------------------------------ ***SOUTHSIDEDEVTIFAREA#1 871,1681,094,4526,100,0007,411,8151,525,274809,6546,000,000 30 City of South Bend, Indiana 2017 Budget Erskine Village TIF - 432 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes 9,175 19,183 - - - - - - - - - Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 17,145 31,555 25,000 24,843 6,000 - - - - (19,000) -76.0% Transfers In- - - - - - - - - - - Total Revenue 26,320 50,738 25,000 24,843 6,000 - - - - (19,000) -76.0% EXPENDITURES BY PROGRAM 1 Redevelopment Project Management & Implementation 3,962,668 3,962,668 - 2 Transfer to another fund 887,127 887,127 - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 4,849,795 - - - - EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services 656 - 1,000 - 1,000 - - - - - 0.0% Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal 210,000 220,000 235,000 235,000 3,800,000 - - - - 3,565,000 1517.0% Interest & Fees 281,495 268,380 254,503 130,835 161,668 - - - - (92,835) -36.5% Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - 887,127 - - - - 887,127 - Other Services & Charges - 201,724 - - - - - - - - - Total Services & Charges 492,151 690,104 490,503 365,835 4,849,795 - - - - 4,359,292 888.7% Capital- - - - - - - - - - - Total Expenditures by Type 492,151 690,104 490,503 365,835 4,849,795 - - - - 4,359,292 888.7% Net Surplus / (Deficit)(465,831) (639,366) (465,503) (340,992) (4,843,795) - - - - Beginning Cash Balance 6,968,686 6,506,286 5,309,298 5,309,298 4,843,795 (0) (0) (0) (0) Cash Adjustments(462,400) (1,196,988) - - - - - - - Ending Cash Balance 6,506,286 5,309,298 4,843,795 4,968,306 (0) (0) (0) (0) (0) Cash Reserves Target 123,038 172,526 122,626 91,459 1,212,449 - - - - 25.00% Explain Significant Revenue and Expenditure Changes Below: 2015 Other Services & Charges expenditure was refund to County to reimburse them for refund required from successful appeal(s) for taxpayers in this TIF area. Anticipate payoff of bond February 1, 2017 which is the earliest date allowed under terms of the bond. There will be a $38,000 penalty for early pay off but that is much less than the $1.4M in interest costs which would be paid out over the 10 years remaining on original amortization schedule. Once bond is paid off, expect to transfer remaining cash to South Side TIF #1 (Fund 430) and close this fund. 31 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue SSDATIF#3-ERSKINEVILL432-0000-311.00-00GENERALPROPERTYTAX 9,17519,183 0 0 0 0 0------------------------------------------------------------------------------------ * 9,17519,183 0 0 0 0 0 432-0000-361.00-00INTERESTEARNINGS 17,14531,55525,00052,70027,11824,8436,000------------------------------------------------------------------------------------ * 17,14531,55525,00052,70027,11824,8436,000------------------------------------------------------------------------------------ **SSDATIF#3-ERSKINEVILL 26,32050,73825,00052,70027,11824,8436,000------------------------------------------------------------------------------------ ***SSDATIF#3-ERSKINEVILL 26,32050,73825,00052,70027,11824,8436,00026,32050,73825,00052,70027,11824,8436,000 32 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures SSDATIF#3-ERSKINEVILL432-1050-460.31-06OTHERPROFSERVICES 656 01,0001,000 0 01,000432-1050-460.37-11CAPITALLEASEPRINCIPAL210,000220,000235,000235,000235,000235,0003,800,000LEVELTEXT TEXTAMT 021/15ERSKINEVILLAGEBONDPYMT 3,800,000 ORIGINALAMOUNT$5,485,000;AMORT.SCHED.#22FINALPAYOFFDATE2/1/2027,BUTEXPECTTOPAYOFF2/1/2017 3,800,000 432-1050-460.37-12CAPITALLEASEINTEREST 281,495268,380254,503254,503254,503130,835161,668 LEVELTEXT TEXTAMT 021/15ERSKINEVILLAGEBONDPYMT 161,668 EARLYBONDPAYOFFINTEREST$123,667.50EARLYPAYOFFFEE$38,000.00 161,668 432-1050-460.39-01REFUNDS/AWARDS 0201,724 0 0 0 0 0------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 492,151690,104490,503490,503489,503365,8353,962,668 432-1050-460.50-02INTERFUNDOPER.TRANSFER 0 0 0 0 0 0887,127------------------------------------------------------------------------------------ *OTHERUSES 0 0 0 0 0 0887,127------------------------------------------------------------------------------------ **COMMUNITYINVESTMENT 492,151690,104490,503490,503489,503365,8354,849,795------------------------------------------------------------------------------------ ***SSDATIF#3-ERSKINEVILL 492,151690,104490,503490,503489,503365,8354,849,795 33 City of South Bend, Indiana 2017 Budget Douglas Road TIF - 435 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes 321,895 270,758 320,000 231,289 327,108 - - - - 7,108 2.2% Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 557 664 750 345 750 - - - - - 0.0% Transfers In- - - - - - - - - - - Total Revenue 322,452 271,422 320,750 231,634 327,858 - - - - 7,108 2.2% EXPENDITURES BY PROGRAM 1 Redevelopment Project Management & Implementation 340,000 340,000 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 340,000 - - - - EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services 160 - 13,012 - 4,888 - - - - (8,124) -62.4% Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal 333,681 298,160 313,280 124,112 323,005 - - - - 9,725 3.1% Interest & Fees 61,780 43,027 27,908 15,888 12,107 - - - - (15,801) -56.6% Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Total Services & Charges 395,621 341,187 354,200 140,000 340,000 - - - - (14,200) -4.0% Capital- - - - - - - - - - - Total Expenditures by Type 395,621 341,187 354,200 140,000 340,000 - - - - (14,200) -4.0% Net Surplus / (Deficit)(73,169) (69,765) (33,450) 91,634 (12,142) - - - - Beginning Cash Balance 294,600 221,558 151,863 151,863 118,413 106,271 106,271 106,271 106,271 Cash Adjustments(73,042) (69,695) - - - - - - - Ending Cash Balance 221,558 151,863 118,413 243,497 106,271 106,271 106,271 106,271 106,271 Cash Reserves Target 39,562 34,119 35,420 14,000 34,000 - - - - 10.00% Explain Significant Revenue and Expenditure Changes Below: This fund is used to account for expenditures for improvements in the Douglas Road Tax Incremental Financing (TIF). TIF revenue is derived from property tax proceeds in excess of those attributable to the assessed valuation of the properties in the area before declaration of the TIF. Accelerating reimbursements to Major Moves (Fund 412) to facilitate payoff in 2017 if possible. After that time, fund can be closed unless additional needs are identified. 34 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue DOUGLASROADTIF435-0000-311.00-00GENERALPROPERTYTAX 321,895270,758320,000320,000231,289231,289327,108------------------------------------------------------------------------------------ * 321,895270,758320,000320,000231,289231,289327,108 435-0000-360.00-00MISCELLANEOUSREVENUE 0 256 0 0 0 0 0------------------------------------------------------------------------------------ * 025600000 435-0000-361.00-00INTERESTEARNINGS 557 408 750 750 411 345 750------------------------------------------------------------------------------------ * 557 408 750 750 411 345 750------------------------------------------------------------------------------------ **DOUGLASROADTIF 322,452271,422320,750320,750231,700231,634327,858------------------------------------------------------------------------------------ ***DOUGLASROADTIF 322,452271,422320,750320,750231,700231,634327,858 35 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures DOUGLASROADTIF435-1050-460.31-02ENGINEERING 0 0 04,200 0 0 0 435-1050-460.31-06OTHERPROFSERVICES 160 08,8128,812 0 04,888 435-1050-460.38-01PRINCIPAL 333,681298,160313,280313,280124,112124,112323,005 LEVELTEXT TEXTAMT 022/15REIMBTOMAJORMOVES 163,323 8/15REIMBTOMAJORMOVES 159,682 ORIGINALPRINCIPAL$1,000,000;AMORTSCHED#64PROJECTEDPAYOFFDATE:8/15/2017 323,005 435-1050-460.38-02INTEREST 61,78043,02727,90827,90815,88815,88812,107 LEVELTEXT TEXTAMT 022/15REIMBTOMAJORMOVES 8,075 8/15REIMBTOMAJORMOVES 4,032 12,107 ------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 395,621341,187350,000354,200140,000140,000340,000------------------------------------------------------------------------------------ **COMMUNITYINVESTMENT 395,621341,187350,000354,200140,000140,000340,000------------------------------------------------------------------------------------ ***DOUGLASROADTIF 395,621341,187350,000354,200140,000140,000340,000 36 City of South Bend, Indiana 2017 Budget River East Residential TIF (Northeast Residential) - 436 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes 2,725,909 3,129,681 2,948,923 2,061,402 3,298,403 3,300,000 3,300,000 3,300,000 3,300,000 349,480 11.9% Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 2,396 210,462 213,499 213,108 2,500 5,000 5,000 5,000 5,000 (210,999) -98.8% Transfers In- - - - - - - - - - - Total Revenue 2,728,305 3,340,143 3,162,422 2,274,510 3,300,903 3,305,000 3,305,000 3,305,000 3,305,000 138,481 4.4% EXPENDITURES BY PROGRAM 1 Redevelopment Project Management & Implementation 3,430,000 3,430,000 3,430,000 3,430,000 3,430,000 3,430,000 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 3,430,000 3,430,000 3,430,000 3,430,000 3,430,000 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services - - 33,832 - 64,819 66,318 63,822 530,253 839,758 30,987 91.6% Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal 1,278,190 1,379,625 2,100,345 1,082,019 2,071,007 2,151,391 2,233,507 1,863,496 1,617,461 (29,338) -1.4% Interest & Fees 2,084,117 2,046,003 1,295,823 602,070 1,294,174 1,212,291 1,132,671 1,036,251 972,781 (1,649) -0.1% Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Total Services & Charges 3,362,307 3,425,628 3,430,000 1,684,089 3,430,000 3,430,000 3,430,000 3,430,000 3,430,000 - 0.0% Capital 214,573 - - - - - - - - - - Total Expenditures by Type 3,576,880 3,425,628 3,430,000 1,684,089 3,430,000 3,430,000 3,430,000 3,430,000 3,430,000 - 0.0% Net Surplus / (Deficit)(848,575) (85,485) (267,578) 590,421 (129,097) (125,000) (125,000) (125,000) (125,000) Beginning Cash Balance 2,554,079 1,706,488 1,622,127 1,622,127 1,354,549 1,225,452 1,100,452 975,452 850,452 Cash Adjustments(847,591) (84,361) - - - - - - - Ending Cash Balance 1,706,488 1,622,127 1,354,549 2,212,548 1,225,452 1,100,452 975,452 850,452 725,452 Cash Reserves Target 894,220 856,407 857,500 421,022 857,500 857,500 857,500 857,500 857,500 25.00% Explain Significant Revenue and Expenditure Changes Below: This fund is used to account for expenditures for improvements in the River East Residential Tax Incremental Financing area #2 (Residential). TIF revenue is derived from property tax proceeds in excess of those attributable to the assessed valuation of the properties in the area before declaration of the TIF. This fund generally only covers debt service for Eddy Street Commons Bond and reimbursement of Major Moves expenditures for the original Eddy Street Commons project. Refinanced Eddy Street Commons bond in late 2015. Savings approximately $235,000 annually; $4.2M over life of the bond. 37 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue RIVEREASTRESTIF(NERE)436-0000-311.00-00GENERALPROPERTYTAX2,725,9093,129,6812,948,9232,948,9232,061,4022,061,4023,298,403------------------------------------------------------------------------------------ * 2,725,9093,129,6812,948,9232,948,9232,061,4022,061,4023,298,403 436-0000-351.50-00DEVELOPMENTDELAYFEE 0210,999210,999210,999210,999210,999 0------------------------------------------------------------------------------------ * 0210,999210,999210,999210,999210,999 0 436-0000-361.00-00INTERESTEARNINGS 2,396 537-2,5002,5002,1092,1092,500------------------------------------------------------------------------------------ * 2,396 537-2,5002,5002,1092,1092,500------------------------------------------------------------------------------------ **RIVEREASTRESTIF(NERE) 2,728,3053,340,1433,162,4223,162,4222,274,5102,274,5103,300,903 ------------------------------------------------------------------------------------ ***RIVEREASTRESTIF(NERE) 2,728,3053,340,1433,162,4223,162,4222,274,5102,274,5103,300,903 38 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures RIVEREASTRESTIF(NERE)436-1050-460.31-06OTHERPROFSERVICES 0 02,81833,832 0 064,819436-1050-460.37-11CAPITALLEASEPRINCIPAL1,030,0001,075,0001,120,0001,375,0001,375,000725,0001,315,000LEVELTEXT TEXTAMT 022/1EDDYSTCOMMONSBONDPYMT 655,000 8/1EDDYSTCOMMONSBONDPYMT 660,000 ORIGINALPRINCIPAL$36,000,000;AMORTSCHED#54PROJECTEDPAYOFFDATE:2/1/2033 1,315,000 436-1050-460.37-12CAPITALLEASEINTEREST1,898,5001,856,5001,813,0001,099,0001,099,000512,5001,156,000LEVELTEXT TEXTAMT 022/1EDDYSTCOMMONSBONDPYMT 581,500 8/1EDDYSTCOMMONSBONDPYMT 574,500 AMORTSCHEDULE#54 1,156,000 436-1050-460.38-01PRINCIPAL 248,190304,625317,274722,274357,019357,019756,007 LEVELTEXT TEXTAMT 022/15INTERFUNDREIMBTOMAJORMOVES 326,610 8/15INTERFUNDREIMBTOMAJORMOVES 334,775 ORIGINALPRINCIPAL$3,942,529;AMORTSCHED#85PROJECTEDPAYOFFDATE:2/15/20262/15INTERFUNDREIMBTOMAJORMOVES 47,076 8/15INTERFUNDREIMBTOMAJORMOVES 47,546 ORIGINALPRINCIPAL$1,513,920;AMORTSCHED#84PROJECTEDPAYOFFDATE:2/15/2029 756,007 436-1050-460.38-02INTEREST 184,617188,553175,908198,89489,57089,570137,174 LEVELTEXT TEXTAMT 022/15INTERFUNDREIMBTOMAJORMOVES#85 59,609 8/15INTERFUNDREIMBTOMAJORMOVES#85 51,444 2/15INTERFUNDREIMBTOMAJORMOVES#84 13,296 8/15INTERFUNDREIMBTOMAJORMOVES#84 12,825 137,174 436-1050-460.38-03PAYINGAGENTFEES 1,000 9501,0001,000 0 01,000------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 3,362,3073,425,6283,430,0003,430,0002,920,5891,684,0893,430,000 436-1050-460.41-01LAND 214,573 0 0 0 0 0 0------------------------------------------------------------------------------------ *CAPITAL 214,573 0 0 0 0 0 0 39 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures------------------------------------------------------------------------------------ **COMMUNITYINVESTMENT 3,576,8803,425,6283,430,0003,430,0002,920,5891,684,0893,430,000 ------------------------------------------------------------------------------------ ***RIVEREASTRESTIF(NERE) 3,576,8803,425,6283,430,0003,430,0002,920,5891,684,0893,430,000 40 City of South Bend, Indiana 2017 Budget Redevelopment General Fund - 433 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes- - - - - - - - - - - Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 45 59 152 43 135 - - - - (17) -11.2% Transfers In- - - - - - - - - - - Total Revenue 45 59 152 43 135 - - - - (17) -11.2% EXPENDITURES BY PROGRAM 1 Redevelopment Project Management & Implementation 4,500 4,500 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 4,500 - - - - EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services 15,703 1,447 4,500 - 4,500 - - - - - 0.0% Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Total Services & Charges 15,703 1,447 4,500 - 4,500 - - - - - 0.0% Capital- - - - - - - - - - - Total Expenditures by Type 15,703 1,447 4,500 - 4,500 - - - - - 0.0% Net Surplus / (Deficit)(15,658) (1,388) (4,348) 43 (4,365) - - - - Beginning Cash Balance 25,749 10,096 8,713 8,713 4,365 0 0 0 0 Cash Adjustments(15,653) (1,383) - - - - - - - Ending Cash Balance 10,096 8,713 4,365 8,756 0 0 0 0 0 Cash Reserves Target 3,926 362 1,125 - 1,125 - - - - 25.00% Explain Significant Revenue and Expenditure Changes Below: Fund available to cover general administrative expenses not covered by project budgets. No additional revenue expected, 2017 may be last year for the fund. 41 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue REDEVELOPMENTGENERAL433-0000-361.00-00INTERESTEARNINGS 45 59 152 152 47 43 135------------------------------------------------------------------------------------ * 45 59 152 152 47 43 135------------------------------------------------------------------------------------ **REDEVELOPMENTGENERAL 45 59 152 152 47 43 135------------------------------------------------------------------------------------ ***REDEVELOPMENTGENERAL 45 59 152 152 47 43 135 42 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures REDEVELOPMENTGENERAL433-1050-460.31-01LEGAL 15,703 04,5004,500 0 04,500 433-1050-460.31-06OTHERPROFSERVICES 01,447 0 0 0 0 0------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 15,7031,4474,5004,500 0 04,500------------------------------------------------------------------------------------ **COMMUNITYINVESTMENT 15,7031,4474,5004,500 0 04,500------------------------------------------------------------------------------------ ***REDEVELOPMENTGENERAL 15,7031,4474,5004,500 0 04,500 43 City of South Bend, Indiana 2017 Budget Airport Urban Enterprise Zone - 454 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes- - - - - - - - - - - Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 1,069 2,180 3,900 1,862 3,900 - - - - - 0.0% Transfers In- - - - - - - - - - - Total Revenue 1,069 2,180 3,900 1,862 3,900 - - - - - 0.0% EXPENDITURES BY PROGRAM 1 Workforce Training Program Administration 50,000 50,000 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 50,000 - - - - EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - 50,000 - 50,000 - - - - - 0.0% Transfers Out- - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Total Services & Charges- - 50,000 - 50,000 - - - - - 0.0% Capital- - - - - - - - - - - Total Expenditures by Type- - 50,000 - 50,000 - - - - - 0.0% Net Surplus / (Deficit)1,069 2,180 (46,100) 1,862 (46,100) - - - - Beginning Cash Balance 376,372 377,659 380,115 380,115 334,015 287,915 287,915 287,915 287,915 Cash Adjustments 1,287 2,456 - - - - - - - Ending Cash Balance 377,659 380,115 334,015 381,977 287,915 287,915 287,915 287,915 287,915 Cash Reserves Target- - - - - - - - - 0.00% Explain Significant Revenue and Expenditure Changes Below: Unclear if this fund will receive any additional revenue (other than interest) as it was tied to personal property of former AJ Wright Building. Note: There is no cash reserve requirement for this fund. 44 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue AIRPORTURBANENT.ZONE454-0000-361.00-00INTERESTEARNINGS 1,0692,1801,5003,9002,0371,8623,900------------------------------------------------------------------------------------ * 1,0692,1801,5003,9002,0371,8623,900------------------------------------------------------------------------------------ **AIRPORTURBANENT.ZONE 1,0692,1801,5003,9002,0371,8623,900------------------------------------------------------------------------------------ ***AIRPORTURBANENT.ZONE 1,0692,1801,5003,9002,0371,8623,900 45 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures AIRPORTURBANENT.ZONE454-1050-460.39-30GRANTSANDSUBSIDIES 0 050,00050,000 0 050,000------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 0 050,00050,000 0 050,000------------------------------------------------------------------------------------ **COMMUNITYINVESTMENT 0 050,00050,000 0 050,000------------------------------------------------------------------------------------ ***AIRPORTURBANENT.ZONE 0 050,00050,000 0 050,000 46 City of South Bend, Indiana 2017 Budget 2003 Airport Debt Reserve - 315 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes- - - - - - - - - - - Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 2,949 5,989 14,000 5,086 14,000 14,000 14,000 14,000 14,000 - 0.0% Transfers In- - - - - - - - - - - Total Revenue 2,949 5,989 14,000 5,086 14,000 14,000 14,000 14,000 14,000 - 0.0% EXPENDITURES BY PROGRAM 1 Transfer of interest to River West TIF 14,000 14,000 14,000 14,000 14,000 14,000 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 14,000 14,000 14,000 14,000 14,000 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out 3,548 6,740 14,000 3,736 14,000 14,000 14,000 14,000 14,000 - 0.0% Other Services & Charges - - - - - - - - - - - Total Services & Charges 3,548 6,740 14,000 3,736 14,000 14,000 14,000 14,000 14,000 - 0.0% Capital- - - - - - - - - - - Total Expenditures by Type 3,548 6,740 14,000 3,736 14,000 14,000 14,000 14,000 14,000 - 0.0% Net Surplus / (Deficit)(599) (751) - 1,350 - - - - - Beginning Cash Balance 1,038,904 1,038,904 1,038,904 1,038,904 1,038,904 1,038,904 1,038,904 1,038,904 1,038,904 Cash Adjustments- - - - - - - - - Ending Cash Balance 1,038,904 1,038,904 1,038,904 1,040,254 1,038,904 1,038,904 1,038,904 1,038,904 1,038,904 Cash Reserves Target 1,038,904 1,038,904 1,038,904 1,040,254 1,038,904 1,038,904 1,038,904 1,038,904 1,038,904 100.00% Explain Significant Revenue and Expenditure Changes Below: To accumulate monies as a reserve for the payment of Redevelopment Authority bonds for the 2003 (refinanced in 2011) Airport Taxable Bond Project. No significant issues. Bond associated with this fund pays off in 2024. 47 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue AIRPORT2003DEBTRES.315-0000-361.00-00INTERESTEARNINGS 2,9495,9895,00014,0005,5635,08614,000------------------------------------------------------------------------------------ * 2,9495,9895,00014,0005,5635,08614,000------------------------------------------------------------------------------------ **AIRPORT2003DEBTRES. 2,9495,9895,00014,0005,5635,08614,000------------------------------------------------------------------------------------ ***AIRPORT2003DEBTRES. 2,9495,9895,00014,0005,5635,08614,000 48 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures AIRPORT2003DEBTRES.315-1002-460.50-02INTERFUNDOPER.TRANSFER 3,5486,7405,00014,0004,2123,73614,000------------------------------------------------------------------------------------ *OTHERUSES 3,5486,7405,00014,0004,2123,73614,000------------------------------------------------------------------------------------ **ECONOMICRESOURCES 3,5486,7405,00014,0004,2123,73614,000------------------------------------------------------------------------------------ ***AIRPORT2003DEBTRES. 3,5486,7405,00014,0004,2123,73614,000 49 City of South Bend, Indiana 2017 Budget SBCDA 2003 Debt Reserve - 328 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes- - - - - - - - - - - Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income 4,927 10,007 15,000 8,498 15,000 15,000 15,000 15,000 15,000 - 0.0% Transfers In- - - - - - - - - - - Total Revenue 4,927 10,007 15,000 8,498 15,000 15,000 15,000 15,000 15,000 - 0.0% EXPENDITURES BY PROGRAM 1 Transfer of interest to River West TIF 15,000 15,000 15,000 15,000 15,000 15,000 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 15,000 15,000 15,000 15,000 15,000 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- - - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out 5,929 11,262 15,000 6,242 15,000 15,000 15,000 15,000 15,000 - 0.0% Other Services & Charges - - - - - - - - - - - Total Services & Charges 5,929 11,262 15,000 6,242 15,000 15,000 15,000 15,000 15,000 - 0.0% Capital- - - - - - - - - - - Total Expenditures by Type 5,929 11,262 15,000 6,242 15,000 15,000 15,000 15,000 15,000 - 0.0% Net Surplus / (Deficit)(1,002) (1,255) - 2,256 - - - - - Beginning Cash Balance 1,735,840 1,735,840 1,735,840 1,735,840 1,735,840 1,735,840 1,735,840 1,735,840 1,735,840 Cash Adjustments- - - - - - - - - Ending Cash Balance 1,735,840 1,735,840 1,735,840 1,738,096 1,735,840 1,735,840 1,735,840 1,735,840 1,735,840 Cash Reserves Target 1,735,840 1,735,840 1,735,840 1,738,096 1,735,840 1,735,840 1,735,840 1,735,840 1,735,840 100.00% Explain Significant Revenue and Expenditure Changes Below: Debt service reserve only. Bond to pay off in 2024. 50 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue SBCDA2003DEBTRES.328-0000-361.00-00INTERESTEARNINGS 4,92710,0076,00015,0009,2958,49815,000------------------------------------------------------------------------------------ * 4,92710,0076,00015,0009,2958,49815,000------------------------------------------------------------------------------------ **SBCDA2003DEBTRES. 4,92710,0076,00015,0009,2958,49815,000------------------------------------------------------------------------------------ ***SBCDA2003DEBTRES. 4,92710,0076,00015,0009,2958,49815,000 51 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures SBCDA2003DEBTRES.328-1002-460.50-02INTERFUNDOPER.TRANSFER 5,92911,2626,00015,0007,0386,24215,000------------------------------------------------------------------------------------ *OTHERUSES 5,92911,2626,00015,0007,0386,24215,000------------------------------------------------------------------------------------ **ECONOMICRESOURCES 5,92911,2626,00015,0007,0386,24215,000------------------------------------------------------------------------------------ ***SBCDA2003DEBTRES. 5,92911,2626,00015,0007,0386,24215,000 52