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HomeMy WebLinkAbout09. 2017 Budget Presentation Hearing Session IV - VPA Century CenterCentury Center August 30, 2016 TABLE OF CONTENTS CENTURY CENTER .............................................................................................. 2-24 670 CENTURY CENTER OPERATING ......................................................................................... 2-17 671 CENTURY CENTER CAPITAL ............................................................................................. 18-21 672 CENTURY CENTER ENERGY CONSERVATION DEBT SERVICE ...................................... 22-24 POWERPOINT PRESENTATION ..................................................................... 25-27 1 City of South Bend, Indiana 2017 Budget Century Center Operating - 670 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 1,313,450 1,313,450 1,313,436 656,725 1,275,000 1,275,000 1,275,000 1,275,000 1,275,000 (38,436) -2.9% Grants/Intergovernmental- - - - - - - - - - - Charges for Services 2,774,255 2,497,281 2,670,351 1,361,063 2,919,311 2,884,979 3,011,384 3,159,662 3,283,629 248,960 9.3% Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income- - - - - - - - - - - Transfers In- - - - - - - - - - - Total Revenue 4,087,705 3,810,731 3,983,787 2,017,788 4,194,311 4,159,979 4,286,384 4,434,662 4,558,629 210,524 5.3% EXPENDITURES BY PROGRAM 1- - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - - - - - - EXPENDITURES BY TYPE Personnel Salaries & Wages 1,806,030 1,772,611 1,834,135 917,655 1,900,364 1,926,988 1,975,163 2,024,542 2,074,332 66,229 3.6% Fringe Benefits 326,929 322,351 415,638 189,538 427,442 458,241 481,153 505,211 529,325 11,804 2.8% Total Personnel 2,132,959 2,094,962 2,249,773 1,107,193 2,327,806 2,385,229 2,456,316 2,529,753 2,603,657 78,033 3.5% Supplies 501,472 593,542 473,779 314,082 513,040 492,920 502,778 512,834 522,941 39,261 8.3% Services & Charges Professional Services 418,909 543,963 414,536 233,479 450,803 457,026 479,877 503,871 523,979 36,267 8.7% Printing & Advertising 41,158 59,673 60,500 30,283 60,500 66,701 70,036 73,538 77,421 - 0.0% Utilities 319,232 318,446 270,000 150,146 263,350 297,675 312,559 328,187 345,245 (6,650) -2.5% Education & Training 4,168 5,356 24,500 2,528 24,500 27,011 28,362 29,780 31,057 - 0.0% Travel 26,903 31,328 28,000 13,724 28,000 30,870 32,414 34,034 35,512 - 0.0% Repairs & Maintenance 155,652 129,622 83,139 68,091 109,139 93,866 98,559 103,487 108,687 26,000 31.3% Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations 34,083 31,251 23,864 12,860 36,212 36,936 37,675 38,429 39,197 12,348 51.7% Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out- - 159,066 79,676 82,167 85,909 90,754 86,427 85,521 (76,899) -48.3% Other Services & Charges 184,384 211,460 170,559 93,373 254,431 185,836 177,054 194,322 185,412 83,872 49.2% Total Services & Charges 1,184,489 1,331,099 1,234,164 684,160 1,309,102 1,281,830 1,327,290 1,392,075 1,432,031 74,938 6.1% Capital- - 14,722 - 44,363 - - - - 29,641 201.3% Total Expenditures by Type 3,818,920 4,019,603 3,972,438 2,105,435 4,194,311 4,159,979 4,286,384 4,434,662 4,558,629 221,873 5.6% Net Surplus / (Deficit)268,785 (208,872) 11,349 (87,647) (0) (0) (0) 0 (0) Beginning Cash Balance 887,475 892,876 1,096,892 1,096,892 1,108,241 1,108,241 1,108,241 1,108,241 1,108,241 Cash Adjustments 5,400 204,017 - - - - - - - Ending Cash Balance 892,876 1,096,892 1,108,241 1,009,245 1,108,241 1,108,241 1,108,241 1,108,241 1,108,241 Cash Reserves Target 954,730 1,004,901 993,110 526,359 1,048,578 1,039,995 1,071,596 1,108,665 1,139,657 25.00% Explain Significant Revenue and Expenditure Changes Below: Due to the anticipation of the new hotel and the renovations to downtown, an increase in revenues and, therefore, an increase in expenditures is expected for 2017. Note: The Cash Reserves Target for this fund is equal to 25% of annual expenditures. 2 City of South Bend, Indiana 2017 Budget Century Center Operating - 670 Fund Summary - Five-Year Capital Improvement PlanMinimum Equipment$10,000 Thresholds Buildings$100,000Funding2016BUDGET FORECAST Name SourceBudget20172018201920202021Total Justification Replacement Capital - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Project Capital Building Projects - 44,363 - - - - 44,363 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Totals - 44,363 - - - - 44,363 3 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue CENTURYCENTER670-0000-317.00-00HOTEL/MOTELTAX 1,313,4501,313,4501,313,4361,313,436656,725656,7251,275,000 LEVELTEXT TEXTAMT 02ALLOCATIONFROMSAINTJOSEPHCOUNTYHOTEL/MOTEL 1,275,000 TAXBOARDOFMANAGERSFOR2017-FUNDINGFROMHOTEL/MOTELTAXREVENUE-PAYMENTDIRECTLYFROMCOUNTYTOCENTURYCENTERREDUCEDAMOUNTREQUESTEDFOR2017 1,275,000 ------------------------------------------------------------------------------------ * 1,313,4501,313,4501,313,4361,313,436656,725656,7251,275,000 670-0000-349.11-00PARKING 100,634115,550100,033100,03373,02269,394100,033 LEVELTEXT TEXTAMT 02DECREASEDBASEDONTRENDING 100,033100,033 ------------------------------------------------------------------------------------ * 100,634115,550100,033100,03373,02269,394100,033 670-0000-360.00-00MISCELLANEOUSREVENUE 48,59322,3685,6305,6308,7077,65510,000 LEVELTEXT TEXTAMT 02MISCELLANEOUSREVENUE 10,00010,000 ------------------------------------------------------------------------------------ * 48,59322,3685,6305,6308,7077,65510,000 670-0000-371.01-00FOOD/BEVERGECOMMISSIONS 08,018 0 0 0 0 0 670-0000-371.02-00ROOMRENTAL 322,416463,668388,647388,647265,816253,080457,846 LEVELTEXT TEXTAMT 02BASEDONANTICIPATEDEVENTS 457,846457,846 670-0000-371.03-00EQUIPMENTRENTAL 21,31410,50113,00013,00010,98310,98312,085 LEVELTEXT TEXTAMT 02BASEDONCHARGESFOREQUIPANDSERVICES 12,085 (I.E.STAGING,DANCEFLOOR,ETC.) 12,085 670-0000-371.05-00ARTCENTERRENT 65,000 065,00065,000 0 065,000 LEVELTEXT TEXTAMT 4 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 02PERCONTRACTWITHCITY 65,00065,000 670-0000-371.06-00SKYWALKRENT 07,0007,0007,0007,1367,1367,000 LEVELTEXT TEXTAMT 02ESTIMATEDPERCONTRACT-CALCULATEDRATE(DEPENDENT 7,000 ONUTILITYRATEINCREASESORACTUALSHAREDCOSTS) 7,000 670-0000-371.07-00A/VTECH 195,173225,441212,273212,273140,569128,053243,808 LEVELTEXT TEXTAMT 02CHARGESFORAVSERVICESATGROSS 243,808243,808 670-0000-371.11-00SECURITYEVENT 14,95714,5005,8805,88018,07017,83012,364 LEVELTEXT TEXTAMT 02CHARGESFORSECURITYSERVICES(GUESTSERVICES) 12,36412,364 670-0000-371.14-00OPERATIONLABORBILLED 2,02510,28010,00010,0009,7799,1344,500 LEVELTEXT TEXTAMT 02LABORBILLEDFOREVENTS/F&B 4,5004,500 670-0000-371.15-00CLEANINGBILLED 0 010,00010,000 0 04,500 LEVELTEXT TEXTAMT 02CLEANINGBILLEDFOREVENTS/F&B 4,5004,500 670-0000-371.16-00ELECTRICALBILLED 8,32034,19525,50025,50026,22725,19243,300 LEVELTEXT TEXTAMT 02USAGECHARGEOFELECTRICFOREVENT/F&B 43,30043,300 670-0000-371.17-00TELECOMMBILLED 3,24013,4825,0005,0009,3847,48412,500 LEVELTEXT TEXTAMT 02TELECOMMBILLED 12,50012,500 670-0000-371.18-00INSURANCEBILLED 02,72710,92010,920 352 35213,621 LEVELTEXT TEXTAMT 5 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 02INSURANCEPERATTENDANCEFOREVENTS/F&B 13,62113,621 670-0000-371.19-00DECORATINGSERVICES 0 05,0005,000 0 07,395 LEVELTEXT TEXTAMT 02CHARGEFORFLOORING,ETCPEREVENT/F&B 7,3957,395 670-0000-371.20-00OTHERSERVICES 174,629 0 0 01,4111,411 0------------------------------------------------------------------------------------ * 807,074789,812758,220758,220489,727460,655883,919------------------------------------------------------------------------------------ **CENTURYCENTER 2,269,7512,241,1802,177,3192,177,3191,228,1811,194,4292,268,952 6 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 670-0420-371.01-00FOOD/BEVERGECOMMISSIONS77,211229,972301,078301,07868,86768,525293,699LEVELTEXT TEXTAMT 02SERVICEFEECHARGEDONCATERTEDEVENTS-20% 293,699293,699 670-0420-371.13-00FOOD&BEVERAGEREVENUE1,740,7431,339,5791,505,3901,505,390872,533754,8341,631,660LEVELTEXT TEXTAMT 02CONCESSIONANDCATERINGREVENUENETOFSALESTAX1,631,6601,631,660 ------------------------------------------------------------------------------------ * 1,817,9541,569,5511,806,4681,806,468941,400823,3591,925,359------------------------------------------------------------------------------------ **CNRYCNTRFOOD&BEVERAGE 1,817,9541,569,5511,806,4681,806,468941,400823,3591,925,359------------------------------------------------------------------------------------ ***CENTURYCENTER 4,087,7053,810,7313,983,7873,983,7872,169,5812,017,7874,194,311 7 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures CENTURYCENTER670-0406-645.10-01REGULAR 1,132,9191,182,0261,067,5141,067,514750,359653,5301,154,873 LEVELTEXT TEXTAMT 02ALLFULLTIMEBASEDON2.5%WAGEINCREASE 1,154,873 TOTALFTE-241-GENERALMANAGER1-RECEPTIONIST1-ADMINASSISTANT1-HRDESIGNEE1-DIRECTOROFFINANCE1-STAFFACCOUNTANT1-DIRECTOROFSALES2-SALESMANAGERS1-DIRECTOROFEVENTSERVICES4-SETUPEMPLOYEES1-HOUSEKEEPER3-EVENTMANAGERS1-DIRECTOROFOPERATIONS1-ITMANAGER2-ENGINEERS2-GUESTSERVICESOFFICERS 1,154,873 670-0406-645.10-05TEMPORARYSERVICES 14,4534,078 0 0 127 127 0 670-0406-645.10-09PERMANENTPARTTIME 29,39814,82265,00065,0009,2207,75465,437 LEVELTEXT TEXTAMT 02BASEDONBUSINESSVOLUME,INCLUDESHOSTESS 65,437 PARKINGATTENDANTS,SECURITY,ANDGROUNDSINCLUDESADDINGANADDITIONALSHIFTFORSECURITY 65,437 670-0406-645.10-11EMPLOYEEBONUSES 20,73910,23247,50547,505 0 048,693 LEVELTEXT TEXTAMT 02BASEDONELIGIBLEEMPLOYEESBONUSPOTENTIAL 48,69348,693 670-0406-645.11-01FICA-REGULAR 85,71686,92290,27190,27153,55246,47397,079 LEVELTEXT TEXTAMT 027.65%OFWAGES 97,07997,079 670-0406-645.11-08GROUPINSURANCE-HEALTH155,824142,837160,425160,425102,965108,480202,057LEVELTEXT TEXTAMT 8 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 02ASSUMESA15%INCREASEINHEALTHINSURANCE(MED, 202,057 DENTAL,VISION) 202,057 670-0406-645.11-09GROUPINSURANCE-LIFE 538 0 0 0 0 0 0 670-0406-645.11-11401KRETIREMENTPLAN 6,18211,54131,22031,22013,28712,73913,747 LEVELTEXT TEXTAMT 02401K 13,74713,747 670-0406-645.11-13STATEUNEMPLOYMENTTAX 9,0763,8449,4439,4433,6643,48613,207 LEVELTEXT TEXTAMT 02STATEUNEMPLOYMENT 13,20713,207 670-0406-645.11-14FEDERALUNEMPLOYTAX 8,0582,6514,4104,4101,4111,339 0 LEVELTEXT TEXTAMT 02FEDERALUNEMPLOYMENTTAX-.05%OFWAGES670-0406-645.11-99OTHERFRINGEBENEFITS 853 0 650 650 0 0 0 LEVELTEXT TEXTAMT 02EAP,HSAANDOTHEREMPLOYEEBENEFITS;BASEDONCURRENTENROLLMENT ------------------------------------------------------------------------------------ *PERSONNELSERVICES 1,463,7561,458,9531,476,4381,476,438934,585833,9281,595,093 670-0406-645.21-03C.S.-OFFICESUPPLIES 292 0 0 0 0 0 0 670-0406-645.21-04OTHER-OFFICESUPPLIES 5,1984,6606,0006,0002,3631,8026,000 LEVELTEXT TEXTAMT 02BASEDONCURRENTNEEDS 6,0006,000 670-0406-645.22-01CENTRALSERVICEGASOLINE 769 396 500 500 62 42 500 LEVELTEXT TEXTAMT 02NEEDFORFUELGENERATORS,MOWERS,ANDBOBCAT 500500 670-0406-645.22-05UNIFORMS 4262,9692,0002,000 182 1822,000 LEVELTEXT TEXTAMT 02BASEDONCURRENTSTAFFINGLEVELS-SHIRTSFOR 2,000 SETUPANDPERMANENTPART-TIMERS 2,000 9 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures670-0406-645.22-15OTHER-CLEANINGSUPPLIES11,55414,37013,00013,00010,0278,42413,000LEVELTEXT TEXTAMT 02JANITORIALSUPPLIES-BASEDONHISTORICALTRENDS 13,00013,000 670-0406-645.23-01BUILDINGMATERIALS 30,95641,71340,00040,00027,88323,07140,000 LEVELTEXT TEXTAMT 02BASEDONPRICEINCREASES 40,00040,000 670-0406-645.23-20SMALLTOOLS&EQUIPMENT 1,447 01,8001,800 0 01,800 LEVELTEXT TEXTAMT 02SMALLTOOL/EQUIPMENTPURCHASES 1,8001,800 670-0406-645.23-40SALT 2,5785,4543,5003,5003,1092,7503,500 LEVELTEXT TEXTAMT 02INCLUDESWATERTREATMENTSUPPLIES,ICEMELTAND 3,500 SOFTENERSALT 3,500 ------------------------------------------------------------------------------------ *SUPPLIES 53,22069,56266,80066,80043,62636,27066,800670-0406-645.31-06OTHERPROFESSIONALSVCS207,595178,949160,313160,313118,76673,135165,644LEVELTEXT TEXTAMT 02BASEFEE$135,000PLUSINCENTIVEFEE$30,644 165,644 ASSUMINGNOPAYMENTFORCRITERIA1,BUTPAYMENTFORCRITERIA2AND3 165,644 670-0406-645.31-11CONSULTING&PROFESSIONAL5,195 0 750 750 200 2002,500 LEVELTEXT TEXTAMT 02CONSULTINGFEE 2,5002,500 670-0406-645.31-18DATAPROCESSINGFEES 11,78210,1009,2509,2507,8316,8059,250 LEVELTEXT TEXTAMT 02ADPPAYROLLPROCESSINGANDBANKFEES-NEWACCOUNT 9,2509,250 10 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 670-0406-645.31-19INTERNETFEES 3,6003,6004,0004,0002,1001,8004,000 LEVELTEXT TEXTAMT 02INTERNETFEES 4,0004,000 670-0406-645.31-20RECRUITMENT/RELOCATION 02,274 0 0 0 0 0 670-0406-645.31-21COMMISSIONPAYMENTS 111,800244,105142,223142,223125,798109,051163,351 LEVELTEXT TEXTAMT 02NEWACCOUNTFOR2016-MARKEYCOMMISSIONPAYMENTS 163,351 (SERVICEEXPENSE)67%OFGROSSVAEREVENUE 163,351 670-0406-645.32-02POSTAGE 1,380 7561,5001,500 650 6501,500 LEVELTEXT TEXTAMT 02BASEDONHISTORICALTRENDS-WILLINCLUDEPOSTAGE 1,500 FOREVERYDAYMAILINGOFCONTRACTSANDDIRECTMAILPIECESFORSALESPROMOTIONS 1,500 670-0406-645.32-03TRAVEL 24,51729,54125,00025,00017,86213,72425,000 LEVELTEXT TEXTAMT 02REMAININGTHESAMEASLASTYEAR 25,00025,000 670-0406-645.32-04TELEPHONE 24,22923,65720,02420,02413,61110,84520,000 LEVELTEXT TEXTAMT 02LANDLINESANDCELLULARLINES 20,00020,000 670-0406-645.32-24TRAVEL-MEALS 112 0 0 0 0 0 0 670-0406-645.33-03ADVERTISING/PROMOTION 41,15859,67360,50060,50036,66130,28360,500 LEVELTEXT TEXTAMT 02INCLUEDSADVERTISING,PROMOTION,WEBSITEAND 60,500 PRINTING,TRADESHOWGIVEAWAYSANDCOMMUNITYEVENTPARTICIPATION 60,500 670-0406-645.34-01WORKMEN'SCOMP 35,89841,05218,05118,05116,35812,44530,655 LEVELTEXT TEXTAMT 02SMGESTIMATE 30,655 11 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures30,655 670-0406-645.34-02LIABILITYINSURANCE 34,08331,25123,86423,86416,83812,86036,212 LEVELTEXT TEXTAMT 022016FIXEDCOSTALLOCATION#7-LIABILITYINSURANCE 36,21236,212 670-0406-645.34-05LIABILITY-OTHER 55,61862,89253,86153,86133,36525,63051,786 LEVELTEXT TEXTAMT 02SMGINSURANCE-ESTIMATE 51,786 GENERAL,EMPLOYEMENTPRACTICES,CRIME,PROFESSIONALLIABILITY,EXCESSINSURANCEPREMIUMS 51,786 670-0406-645.35-01ELECTRIC 185,846204,527140,000140,000107,95889,980150,000 LEVELTEXT TEXTAMT 02BASEDONAVERAGETRENDS/USEOFBUILDING 150,000 ANDBASEDONENERGYSAVINGSPROGRAMTHATCCHASBEGUN 150,000 670-0406-645.35-02GAS 98,12069,15290,00090,00042,21741,07272,350 LEVELTEXT TEXTAMT 02BASEDONAVERAGETRENDS/USEOFBUILDING 72,35072,350 670-0406-645.35-03TRASHREMOVAL 8,67810,5078,0008,0006,2006,2009,000 LEVELTEXT TEXTAMT 02BASEDONAVERAGETRENDS/USEOFBUILDING 9,0009,000 670-0406-645.35-04WATER 26,58834,26032,00032,00015,60012,89432,000 LEVELTEXT TEXTAMT 02BASEDONAVERAGETRENDS/USEOFBUILDING 32,00032,000 670-0406-645.36-01BUILDINGS 93,62079,64560,00060,00060,47049,38280,000 LEVELTEXT TEXTAMT 02CONTRACTEDSERVICESINCLUDEDINMISCELLANEOUS 80,000 MICHAELANGELOS,ROSEPESTCONTROL,MUSICENGINEERING,WINDOWWASHING 12 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures SMGESTIMATE 80,000 670-0406-645.36-02OFFICEEQUIPMENT 2,0432,86015,00010,0001,2381,23815,000 LEVELTEXT TEXTAMT 02BUDGETFOR2016-OTISELEVATOR,JOHNSON 15,000 CONTROLS,COPIERMAINTENANCE 15,000 670-0406-645.36-04COMPUTEREQUIPMENT 22,25017,395 05,0004,7634,7384,000 LEVELTEXT TEXTAMT 02UPGRADEOFCOMPUTEREQUIPMENT 4,0004,000 670-0406-645.37-04EQUIPMENTRENTALS 6,71910,123 0 0 520 520 0 670-0406-645.37-80ENERGYSAVINGS 0 079,676 0 0 0 0 LEVELTEXT TEXTAMT 02AMERESCOPAYMENTSRELATEDTOTHEENERGYSAVINGSPROGRAM 670-0406-645.39-10SUBSCRIPTIONS 932 482 0 0 0 0 0 670-0406-645.39-11DUES 4,5622,2505,4005,4002,0002,0005,000 LEVELTEXT TEXTAMT 02INDUSTRYMEMBERSHIPS 5,0005,000 670-0406-645.39-12SECURITY 017,9253,0003,0007,6815,381 0 LEVELTEXT TEXTAMT 02OUTSIDESECURITY670-0406-645.39-39CREDITCARDCHARGES 26,98023,00925,00025,00012,6669,56522,000 LEVELTEXT TEXTAMT 02BANKCHARGES,CREDITCARDCHARGES&SOFTWARE 22,000 SUPPORT 22,000 670-0406-645.39-48LICENSES&PERMITS 2,3833,4924,4004,4001,1811,1814,000 LEVELTEXT TEXTAMT 02COMPUTERUSERFEES, 4,000 ENTERTAINMENTPERMIT,LIQUORLICENSE,ELEVATORPERMITS 4,000 13 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 670-0406-645.39-70EDUCATION&TRAINING 4,1685,35624,50024,5002,5282,52824,500 LEVELTEXT TEXTAMT 02STAFFANDSALESTRAINING 24,500 MEETINGSANDCONFERENCES 24,500 670-0406-645.39-88EMPLOYEEGOOD&WELFARE 3,6562,7864,0004,0002,2142,0704,000 LEVELTEXT TEXTAMT 02GOOD&WELFARE 4,0004,000 670-0406-645.39-89MISCCHARGES&SERVICES 1,091-7036,0006,0004,7284,7286,000 LEVELTEXT TEXTAMT 02MISCCHARGES&SERVICES 6,0006,000 ------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 1,042,4211,172,3221,016,312936,636662,004530,903998,248 670-0406-645.42-02BUILDINGS 0 014,72214,722 0 0126,529 LEVELTEXT TEXTAMT 02RESIDUALNETEXCESSBUDGETEDTOCAPITAL 126,529126,529 ------------------------------------------------------------------------------------ *CAPITAL 0 014,72214,722 0 0126,529 670-0406-645.50-02INTER-FUNDOPER.TRANSFRS 0 079,390159,06679,67679,67682,167 LEVELTEXT TEXTAMT 02OPERATINGSAVINGSTRANSFERTOFUND672-ENERGY 82,167 SAVINGSDEBTSERVICEFUNDPERAMERESCOSUMMARY 82,167 ------------------------------------------------------------------------------------ *OTHERUSES 0 079,390159,06679,67679,67682,167------------------------------------------------------------------------------------ **CENTURYCENTER 2,559,3972,700,8372,653,6622,653,6621,719,8911,480,7772,868,837 14 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 670-0420-645.10-01REGULAR 222,054211,438254,116254,116116,190103,524226,561 LEVELTEXT TEXTAMT 02TOTALFTE-5 226,561 1-EXECUTIVECHEF2-CATERINGMANAGER1-ACCOUNTINGMANAGER1-FOODANDBEVERAGEMANAGER 226,561 670-0420-645.10-02HOURLY 103,409252,498340,000340,00034,34334,343344,800 LEVELTEXT TEXTAMT 02CONCESSIONANDCATERINGHOURLYEMPLOYEES 344,800344,800 670-0420-645.10-05TEMPORARYSERVICES 59,06397,51760,00060,00028,35524,40960,000 LEVELTEXT TEXTAMT 02TEMPEMPLOYEESFORF&B 60,00060,000 670-0420-645.10-09PERMANENTPARTTIME 223,995 0 0 0121,21093,968 0 670-0420-645.11-01FICA-REGULAR 41,42934,77650,04050,04020,07917,10948,299 LEVELTEXT TEXTAMT 027.65%OFWAGES 48,29948,299 670-0420-645.11-08GROUPINSURANCE-HEALTH 9,25230,64937,63537,63528,279 598-45,448 LEVELTEXT TEXTAMT 02GROUPHEALTHINSURANCEF&B 45,44845,448 670-0420-645.11-11401KRETIREMENTPLAN 2,936- 06,2496,2492,652-2,366-1,759 LEVELTEXT TEXTAMT 02401K 1,7591,759 670-0420-645.11-13STATEUNEMPLOYMENTTAX 11,2131,82719,84019,8402,2572,0005,846 LEVELTEXT TEXTAMT 02STATEUNEMPLOYMENTTAX 5,8465,846 670-0420-645.11-14FEDERALUNEMPLOYTAX 1,7247,3045,4555,455 994 876 0 15 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures LEVELTEXT TEXTAMT 02FEDERALUNEMPLOYMENTAT.05%OFWAGES ------------------------------------------------------------------------------------ *PERSONNELSERVICES 669,203636,009773,335773,335349,055273,265732,713 670-0420-645.21-04OTHER-OFFICESUPPLIES 269 0 0 0 0 0 0 LEVELTEXT TEXTAMT 02MOVEDTOMAINOFFICESUPPLIES670-0420-645.22-05UNIFORMS 2,0231,1101,8001,800 431 4313,800 LEVELTEXT TEXTAMT 02UNIFORMSFORPARTTIMEF&B 3,8003,800 670-0420-645.22-29COSTOFGOODSSOLD 409,928469,514353,767353,767286,090244,831383,440 LEVELTEXT TEXTAMT 02BASEDON23.5%OFGROSSFOODANDBEVERAGE 383,440383,440 670-0420-645.22-71PAPER&DISPOSABLES 3,5001,67514,47114,471 21 2114,000 LEVELTEXT TEXTAMT 02PAPER&DISPOSABLESFORF&B 14,00014,000 670-0420-645.22-72LINEN&DECOR 32,53250,99336,94136,94136,36332,52845,000 LEVELTEXT TEXTAMT 02LINEN&DECORF&B 45,00045,000 670-0420-645.23-01BUILDINGMATERIALS 0 688 0 0 0 0 0------------------------------------------------------------------------------------ *SUPPLIES 448,252523,980406,979406,979322,905277,811446,240670-0420-645.31-06OTHERPROFESSIONALSVCS78,937104,93598,00098,00054,27342,488106,058LEVELTEXT TEXTAMT 02SAVORMANAGEMENTFEE 106,058 BASEDON6.5%OFGROSSFOODANDBEVERAGE 106,058 670-0420-645.32-21TRAVEL-MILEAGE 2,2431,7873,0003,000 0 03,000 LEVELTEXT TEXTAMT 16 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 02TRAVEL-MILEAGEFORF&B 3,0003,000 670-0420-645.32-24TRAVEL-MEALS 31 0 0 0 0 0 0 670-0420-645.34-01WORKMEN'SCOMP 3,010 011,80311,803 0 011,803 LEVELTEXT TEXTAMT 02WORKERSCOMPF&B 11,80311,803 670-0420-645.34-05LIABILITY-OTHER 918 0 0 0 0 0 0 670-0420-645.36-01BUILDINGS 37,73929,72210,1398,13913,40512,73310,139 LEVELTEXT TEXTAMT 02CONTRACTEDSERVICES 10,13910,139 670-0420-645.37-04EQUIPMENTRENTALS 0 110 0 0 0 0 0 670-0420-645.37-05KITCHENSUPPLYRENTALS 5,7882,666 02,0006,2675,556 0 670-0420-645.39-39CREDITCARDCHARGES 11,98018,72414,32014,32013,31811,50614,320 LEVELTEXT TEXTAMT 02CREDITCARDFEES 14,32014,320 670-0420-645.39-48LICENSES&PERMITS 1,422 8331,2001,2001,2961,2961,200 LEVELTEXT TEXTAMT 02LICENSESANDFEES 1,2001,200 ------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 142,068158,777138,462138,46288,55973,580146,520------------------------------------------------------------------------------------ **CNRYCNTRFOOD&BEVERAGE 1,259,5231,318,7661,318,7761,318,776760,519624,6561,325,473------------------------------------------------------------------------------------ ***CENTURYCENTER 3,818,9204,019,6033,972,4383,972,4382,480,4102,105,4334,194,310 17 City of South Bend, Indiana 2017 Budget Century Center Capital - 671 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 328 809 500 413 750 750 750 750 750 250 50.0% Transfers In- - - - - - - - - - - Total Revenue 328 809 500 413 750 750 750 750 750 250 50.0% EXPENDITURES BY PROGRAM 1- - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - - - - - - EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- 41,156 12,200 - - - - - - (12,200) -100.0% Services & Charges Professional Services - 62,735 - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance- 130,000 - - - - - - - - - Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations- - - - - - - - - - - Debt Service: Principal- - - - - - - - - - - Interest & Fees- - - - - - - - - - - Grants & Subsidies- - - - - - - - - - - Transfers Out- 50,000 - - - - - - - - - Other Services & Charges - - - - - - - - - - - Total Services & Charges- 242,735 - - - - - - - - - Capital 339,363 133,509 176,421 38,747 - - - - - (176,421) -100.0% Total Expenditures by Type 339,363 417,400 188,621 38,747 - - - - - (188,621) -100.0% Net Surplus / (Deficit)(339,035) (416,591) (188,121) (38,334) 750 750 750 750 750 Beginning Cash Balance 1,757,697 1,418,663 1,002,072 1,002,072 813,951 814,701 815,451 816,201 816,951 Cash Adjustments(339,035) (416,591) - - - - - - - Ending Cash Balance 1,418,663 1,002,072 813,951 963,738 814,701 815,451 816,201 816,951 817,701 Cash Reserves Target *800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 $800k Explain Significant Revenue and Expenditure Changes Below: No capital expenditures are planned from this fund for 2017. All planned capital will be reimbursed by the Hotel/Motel Tax Board for 2017. * The Cash Reserves Target for this fund is $800,000. 18 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue CENTURYCENTERCAPITAL671-0000-361.00-00INTERESTEARNINGS 328 809 500 500 565 489 750 LEVELTEXT TEXTAMT 02ESTIMATEDINTERESTEARNEDONINVESTMENTS 750750 ------------------------------------------------------------------------------------ * 328 809 500 500 565 489 750------------------------------------------------------------------------------------ **CENTURYCENTERCAPITAL 328 809 500 500 565 489 750------------------------------------------------------------------------------------ ***CENTURYCENTERCAPITAL 328 809 500 500 565 489 750 19 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures CENTURYCENTERCAPITAL671-0406-645.22-24OTHEROPERATINGSUPPLIES 0 0 012,200 0 0 0------------------------------------------------------------------------------------ *SUPPLIES 0 0 012,200 0 0 0 671-0406-645.31-15BONDISSUANCECOSTS 062,735 0 0 0 0 0 671-0406-645.36-01BUILDINGS 0130,000 0 0 0 0 0 LEVELTEXT TEXTAMT 02REGLAZE12SKYLIGHTPANELSREPLACECEILINGTILESINSUITESANDGREATROOM------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 0192,735 0 0 0 0 0 671-0406-645.42-02BUILDINGS 339,363105,423 052,500 0 0 0 671-0406-645.43-09MATERIALS&EQUIPMENT 028,086 0123,921113,83495,153 0------------------------------------------------------------------------------------ *CAPITAL 339,363133,509 0176,421113,83495,153 0 671-0406-645.50-02INTER-FUNDOPER.TRANSFRS 050,000 0 0 0 0 0------------------------------------------------------------------------------------ *OTHERUSES 050,000 0 0 0 0 0------------------------------------------------------------------------------------ **CENTURYCENTER 339,363376,244 0188,621113,83495,153 0 20 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 671-0420-645.22-24OTHEROPERATINGSUPPLIES 041,156 0 0 0 0 0------------------------------------------------------------------------------------ *SUPPLIES 041,156 0 0 0 0 0------------------------------------------------------------------------------------ **CNRYCNTRFOOD&BEVERAGE 041,156 0 0 0 0 0------------------------------------------------------------------------------------ ***CENTURYCENTERCAPITAL 339,363417,400 0188,621113,83495,153 0 21 City of South Bend, Indiana 2017 Budget Century Center Energy Conservation Debt Service - 672 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- - - - - 221,437 221,437 221,437 221,437 - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services- - - - - - - - - - - Interfund Allocations- - - - - - - - - - - Fines & Forfeitures- - - - - - - - - - - Donations- - - - - - - - - - - Other Income- 32 157,742 107,742 110,130 117,574 111,243 103,146 94,888 (47,612) -30.2% Transfers In- 50,000 79,676 - 82,167 89,175 92,317 95,550 98,872 2,491 3.1% Total Revenue- 50,032 237,418 107,742 192,297 428,186 424,997 420,133 415,197 (45,121) -19.0% EXPENDITURES BY PROGRAM 1- - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - - - - - - 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- - 22,585 - 46,606 162,702 280,090 285,614 291,274 24,021 106.4% Interest & Fees- - 214,547 140,609 145,691 143,034 135,333 125,482 115,437 (68,856) -32.1% Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Total Services & Charges- - 237,132 140,609 192,297 305,736 415,423 411,096 406,711 (44,835) -18.9% Capital- - - - - - - - - - - Total Expenditures by Type- - 237,132 140,609 192,297 305,736 415,423 411,096 406,711 (44,835) -18.9% Net Surplus / (Deficit)- 50,032 286 (32,867) - 122,450 9,574 9,037 8,486 Beginning Cash Balance- - 50,032 50,032 50,318 50,318 172,768 182,342 191,379 Cash Adjustments- 50,032 - - - - - - - Ending Cash Balance- 50,032 50,318 17,165 50,318 172,768 182,342 191,379 199,865 Cash Reserves Target- - - - - - - - - 0.00% Explain Significant Revenue and Expenditure Changes Below: In 2015, the Century Center issued Qualified Energy Conservation Bond (QECB) financing in the amount of $4,167,897 to pay for improvements at the Century Center. This fund accounts for the annual debt service payments on the 15-year debt financing with the final payment due May 1, 2031. Funding is provided by a pledge of hotel/motel tax monies beginning in 2018, interest rebates from the United States Treasury and operating transfers from Century Center Fund 670 realized from energy savings. 22 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue CENTURYCENTERENERGYSAV672-0000-361.00-00INTERESTEARNINGS 0 32 100 100 29 25 50 672-0000-361.60-10INTERESTREBATE 0 0157,642157,642107,721107,721110,080 LEVELTEXT TEXTAMT 022015CENUTRYCENTERQECBINTERESTREBATE 118,936 TREASURYSUBSIDY-PERAMERESCOSCHEDULELESSESTIMATEDSEQUESTERAMOUNT 8,856-110,080 ------------------------------------------------------------------------------------ * 0 32157,742157,742107,750107,746110,130 672-0000-392.00-00INTERFUNDOPER.TRANSFER 050,00079,39079,67679,67679,67682,167 LEVELTEXT TEXTAMT 02TRANSFERFROMFUND670-CENTURYCENTERENERGY 82,167 SAVINGSCONTRACT-OPERATINGSAVINGSPERAMERESCOSCHEDULE 82,167 ------------------------------------------------------------------------------------ * 050,00079,39079,67679,67679,67682,167------------------------------------------------------------------------------------ **CENTURYCENTERENERGYSAV 050,032237,132237,418187,426187,422192,297------------------------------------------------------------------------------------ ***CENTURYCENTERENERGYSAV 050,032237,132237,418187,426187,422192,297 23 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures CENTURYCENTERENERGYSAV672-0000-472.38-01PRINCIPAL 0 022,58522,585 0 046,606 LEVELTEXT TEXTAMT 022015CENTURYCENTERQECBLOAN-PRINCIPAL#139 46,60646,606 672-0000-472.38-02INTEREST 0 0213,547213,547140,609140,609144,691 LEVELTEXT TEXTAMT 022015CENTURYCENTERQECBLOAN-INTEREST#139 144,691144,691 672-0000-472.38-03PAYINGAGENTFEES 0 01,0001,000 0 01,000 LEVELTEXT TEXTAMT 022015CENTURYCENTERQECBLOAN 1,0001,000 ------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 0 0237,132237,132140,609140,609192,297------------------------------------------------------------------------------------ **CENTURYCENTERENERGYSAV 0 0237,132237,132140,609140,609192,297------------------------------------------------------------------------------------ ***CENTURYCENTERENERGYSAV 0 0237,132237,132140,609140,609192,297 24 August 30, 2016 Century Center •Introduction of Century Center  Representatives •Leanna Belew, General Manager •Brandon Gerlach, Director of Finance •Presentation of  2017 Budget Century Center Today’s Agenda 25 •The goal of Century Center is to achieve our financial goals as  described in this budget in order to contribute to the overall  economic impact for South Bend. •This goal can be achieved by: Being the leader in customer service by exceeding guest  expectations Provide a healthy, safe, happy place for our employees to  work in order to ensure a  professional, friendly staff. Being a vital and active member of this community by  supporting our locally and minority owned businesses,  volunteering our time at local charities and causes, and  doing our part for the environment by reducing our carbon  foot print by ways of energy saving measures, recycling and  composting waste. Century Center Department Vision 2016 Goals & Challenges  What We Have Accomplished So Far 2016 Goals & Challenges How We Are Proceeding to Meet Goals Achieve a valuable presence within the convention  industry and the community Via industry tradeshow opportunities, Site  Visits, FAMs, and Blitzes  YTD we have hosted 1  FAM, 97 Site Visits YTD Increase year over year revenue and decrease year  over year net loss.   YTD revenue is up 19% compared to budget and  the NOL is 41% better than 2015 Increase number of events with sleeping rooms.Continue to focus on multi day events that bring  in events with a greater economic impact Food and Beverage profit of 30%The Food and Beverage department continues to be competitive in the market while watching  food and labor costs  YTD 43% Increase bookings for future years Presently we have events on the books through  2018 and working on events through 2020.  We  are also working on 3 events with multi‐year  contracts Create partnership opportunities for self promoted  events Partnering with local event organizers such as  Jazz Fest, Second Star Theatre, BrewFest,  Princess for a Day, Meet Me on the Island 26 Goals: •Achieve a valuable presence within the convention industry via new trade show  opportunities with Visit South Bend/Mishawaka.  Century Center continues to  work closely with the CVB by participating in FAMs, Industry Trade Shows,  Blitzes, etc. •Increase annual revenue and decrease the net loss buy controlling expenses and  continue to focus on increased sales. •Increase bookings for future years.  We continue our efforts with Visit South  Bend/Mishawaka, as well as, our own marketing initiatives.   •Achieve a Food and Beverage profit of 30%.  We will continue to monitor the  market to remain competitive in pricing, while controlling expenses without  sacrificing quality. •Increase number of events with sleeping rooms by focusing our sales efforts on  conventions and multi day meetings. Challenges: •Limited hotel rooms downtown.  However, the addition of the Courtyard by  Marriott and the Aloft scheduled to open by Fall 2017 offers us the opportunity  to solicit larger pieces of business with more hotel rooms. •Maintenance of a 40 year old building.    Century Center 2017 Goals & Challenges Century Center Key Performance Indicators Measure Mayoral Goal Type 2018 Long Term Goal 2015 Actual 2016 Estimate 2017 Target Increase hotel room nights PP Effectiveness 8,500 8,439 6,900 7,935 Net Operating Loss GG Efficiency 900,000 1,148,911 935,357 700,000 Net Promoter Score BE Effectiveness 72 74 72 72 27