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1995-2015 Cenutry Center CAFR Summary
Period Ending: Issued BY: Century Center CAFR Summary 1995 to 2015 Page Numbers Contents 2-3 CAFR Trends 4 Revenue & Expenses Trends 5 Revenue & Expenses - Including Depreciation 6 Revenue & Expenses - Excluding Depreciaiton 7 Hotel/Motel Tax Revenue Trends 8 PSDA Tax Revenue Trends 9 Fees & Charges Revenue Trends 10 Parking Fees Revenue Trends 11 Total Revenue Trends 12 General & Administrative Expense Trends 13 Depreciation Expense Trends 14 Expenses by Type - 2014 & 2015 15 Total Expense Trends 16 Capital Contributions from Other Sources December 31, 2015 City Controller Centuy Center CAFR Report 2/16/2017 1 Century Center Comprehensive Annual Financial Report (CAFR) Summary Years 1995 - 2015 - 21 Years - Accrual Basis of Accounting Updated - May 12, 2016 --------------------------------------------------------------------------------------------------------Revenue--------------------------------------------------------------------------------------------------------------------------------------------------------------Expenses-------------------------------------------------- Hotel/Motel PSDA Fees/Parking Interest Transfers Licenses/ Total General/Depreciation Interest Year Tax Tax Charges Fees Income In Permits Other Income Revenue Administration Expense Expense 1995 $855,576 $0 $1,226,892 $151,695 $48,154 $0 $0 $128,313 $2,410,630 $2,254,588 $435,101 $24,136 1996 940,294 0 1,172,757 140,790 83,833 0 0 186,022 2,523,696 2,264,186 452,940 27,227 1997 1,012,978 0 1,138,694 134,998 38,524 0 0 232,124 2,557,318 2,406,578 565,086 26,887 1998 1,085,399 0 1,288,632 146,846 35,726 0 0 205,398 2,762,001 2,516,711 567,548 19,536 1999 1,144,096 0 1,302,693 180,954 47,023 0 0 204,790 2,879,556 2,508,543 583,147 22,569 2000 1,220,860 0 1,347,724 176,254 57,699 0 0 214,030 3,016,567 2,653,530 589,362 19,588 2001 1,269,694 0 1,385,932 182,439 45,400 0 0 219,103 3,102,568 2,849,170 571,561 11,764 2002 (1)1,020,628 0 1,466,399 192,234 42,190 0 0 189,464 2,910,915 2,767,768 597,933 7,268 2003 1,130,575 0 1,324,233 223,980 32,763 20,610 0 135,964 2,868,125 2,813,791 633,226 10,190 2004 1,164,493 0 1,345,660 227,420 16,765 118,953 88,000 176,683 3,137,974 2,921,009 576,367 16,827 2005 1,235,849 0 1,367,598 236,754 27,114 0 0 307,545 3,174,860 2,894,940 548,235 25,426 2006 1,247,928 100,000 1,337,966 242,347 40,222 0 87,500 97,523 3,153,486 2,759,417 559,942 29,352 2007 1,361,263 100,000 1,520,686 216,409 73,027 0 80,745 92,450 3,444,580 2,908,204 529,282 32,940 2008 1,497,390 100,000 1,507,811 200,601 40,060 0 0 65,000 3,410,862 2,992,560 519,660 12,533 2009 (2)1,347,651 100,000 1,116,825 178,916 15,570 0 0 130,574 2,889,536 2,617,186 533,494 5,701 2010 1,313,152 100,000 1,268,568 182,803 6,600 0 0 4,487 2,875,610 2,525,793 460,732 3,061 2011 1,313,437 100,000 1,336,807 144,669 1,775 0 0 0 2,896,688 2,477,498 515,667 0 2012 (4)1,313,436 100,000 1,113,278 153,362 593 0 0 0 2,680,669 2,216,517 665,015 0 2013 (5)1,313,436 100,000 1,923,625 110,884 3,394 0 0 15,868 3,467,207 3,566,567 763,870 0 2014 (6)1,313,450 0 2,411,607 100,634 329 0 0 0 3,826,020 4,058,811 785,883 0 2015 1,313,450 0 2,773,564 115,550 809 0 0 0 4,203,373 4,039,630 815,117 0 Source: 1995-2015 City of South Bend, Indiana Comprehensive Annual Financial Reports (CAFR). Accrual basis. 2015 CAFR is in draft form and has not bee audited yet. (1) The term Retained Earnings was eliminated with GASB Statement No. 34 for the year ended December 31, 2002. The term was replaced by total net position, which includes the undepreciated value of the building and other fixed assets. (2) $331,885 loss on disposition of fixed assets during 2009 and $1,730,208 during 2012 due to writeoff of old and obsolete fixed assets. (3) Capital contributions recorded for the cost of capital assets paid by other non-Century Center funds (i.e. Revenue Bonds, City funds, TIF funds, County Hotel/Motel tax fund). (4) Includes $522,279.94 debit to fund balance for a prior period adjustment for a correction of fixed assets disposals. Century Center CAFR Report 2/16/2017 2 Century Center Comprehensive Annual Financial Report (CAFR) Summary Years 1995 - 2015 - 21 Years - Accrual Basis of Accounting Updated - May 12, 2016 --------------------------------------------------------------------------------------------------------Revenue-------------------------------------------------------------------------------------------------------------- Year 1995 1996 1997 1998 1999 2000 2001 2002 (1) 2003 2004 2005 2006 2007 2008 2009 (2) 2010 2011 2012 (4) 2013 (5) 2014 (6) 2015 Source: 1995-2015 City of South Bend, Indiana Comprehensive Annual Financial Reports (CAFR). Accrual basis. 2015 CAFR is in draft form and has not bee audited yet. (1) The term Retained Earnings was eliminated with GASB Statement No. 34 for the year ended December 31, 2002. The term was replaced by total net position, which includes the undepreciated value of the building and other fixed assets. (2) $331,885 loss on disposition of fixed assets during 2009 and $1,730,208 during 2012 due to writeoff of old and obsolete fixed assets. (3) Capital contributions recorded for the cost of capital assets paid by other non-Century Center funds (i.e. Revenue Bonds, City funds, TIF funds, County Hotel/Motel tax fund). (4) Includes $522,279.94 debit to fund balance for a prior period adjustment for a correction of fixed assets disposals. ------------------------------------------------Expenses--------------------------------------------------Income/(Loss)Loss on Ending Other Total Before Capital (3)Capital Transfers Add back:Change In Beginning Ending Reconciled Expenses Expenses Contributions Contributions Asset Disposal Depreciation Net Position Net Position Net Position Cash/Investments $4,803 $2,718,628 ($307,998)$0 $0 $0 $346,233 $38,235 $856,785 $895,020 $1,068,705 13,279 2,757,632 (233,936)0 0 0 342,843 108,907 895,020 1,003,927 1,220,036 0 2,998,551 (441,233)0 0 0 444,544 3,311 1,003,927 1,007,238 616,923 4,860 3,108,655 (346,654)0 0 0 445,138 98,484 1,007,238 1,105,722 747,170 9,364 3,123,623 (244,067)0 0 0 448,328 204,261 1,105,722 1,309,983 982,344 30,417 3,292,897 (276,330)0 0 0 470,595 194,265 1,309,983 1,504,248 975,276 22,894 3,455,389 (352,821)0 0 0 427,338 74,517 1,504,248 1,578,765 1,411,516 22,600 3,395,569 (484,654)0 0 0 510,842 26,188 15,612,481 15,638,669 1,291,953 2,930 3,460,137 (592,012)20,610 0 0 0 (571,402)15,638,669 15,067,267 1,118,307 78,424 3,592,627 (454,653)0 0 0 0 (454,653)15,067,267 14,612,614 910,917 9,758 3,478,359 (303,499)0 0 0 0 (303,499)14,612,614 14,309,115 991,788 6,820 3,355,531 (202,045)322,726 0 0 0 120,681 14,309,115 14,429,796 1,360,909 19,677 3,490,103 (45,523)144,936 0 0 0 99,413 14,429,796 14,529,209 2,204,759 37,532 3,562,285 (151,423)735,704 0 0 0 584,281 14,529,209 15,113,490 2,127,454 0 3,156,381 (266,845)3,179,850 (331,885)0 0 2,581,120 15,113,490 17,694,610 2,206,814 0 2,989,586 (113,976)351,986 0 0 0 238,010 17,694,610 17,932,620 1,821,230 0 2,993,165 (96,477)614,423 (107,319)0 0 410,627 17,932,620 18,343,247 1,951,204 0 2,881,532 (200,863)655,737 (47,736)0 0 407,138 17,820,966 18,228,104 2,177,390 0 4,330,437 (863,230)697,917 (219)0 0 (165,532)18,228,104 18,062,572 2,661,172 0 4,844,694 (1,018,674)106,333 0 0 0 (912,341)18,062,572 17,150,231 2,311,538 0 4,854,747 (651,374)4,683,424 0 (50,000)0 3,982,050 17,150,231 21,132,281 2,098,964 Century Center CAFR Report 2/16/2017 3 Year Revenue Expenses Net 1995 2,410,630 2,718,628 (307,998) 1996 2,523,696 2,757,632 (233,936) 1997 2,557,318 2,998,551 (441,233) 1998 2,762,001 3,108,655 (346,654) 1999 2,879,556 3,123,623 (244,067) 2000 3,016,567 3,292,897 (276,330) 2001 3,102,568 3,455,389 (352,821) 2002 2,910,915 3,395,569 (484,654) 2003 2,868,125 3,460,137 (592,012) 2004 3,137,974 3,592,627 (454,653) 2005 3,174,860 3,478,359 (303,499) 2006 3,153,486 3,355,531 (202,045) 2007 3,444,580 3,490,103 (45,523) 2008 3,410,862 3,562,285 (151,423) 2009 2,889,536 3,156,381 (266,845) 2010 2,875,610 2,989,586 (113,976) 2011 2,896,688 2,993,165 (96,477) 2012 2,680,669 2,881,532 (200,863) 2013 3,467,207 4,330,437 (863,230) 2014 3,826,020 4,844,694 (1,018,674) 2015 4,203,373 4,854,747 (651,374) Revenue excludes capital contributions. Expenses includes depreciation and excludes losses on asset disposals and transfers. Includes food & beverage gross revenue and expenditures beginning July 1, 2013. Source: City of South Bend Comprehensive Annual Financial Reports (CAFR). $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Century Center Revenue & Expenses Per CAFR -1995 to 2015 Revenue Expenses Century Center CAFR Report 2/16/2017 4 Total Total Year Revenue Expenses Net 1995 2,410,630 2,718,628 (307,998) 1996 2,523,696 2,757,632 (233,936) 1997 2,557,318 2,998,551 (441,233) 1998 2,762,001 3,108,655 (346,654) 1999 2,879,556 3,123,623 (244,067) 2000 3,016,567 3,292,897 (276,330) 2001 3,102,568 3,455,389 (352,821) 2002 2,910,915 3,395,569 (484,654) 2003 2,868,125 3,460,137 (592,012) 2004 3,137,974 3,592,627 (454,653) 2005 3,174,860 3,478,359 (303,499) 2006 3,153,486 3,355,531 (202,045) 2007 3,444,580 3,490,103 (45,523) 2008 3,410,862 3,562,285 (151,423) 2009 2,889,536 3,156,381 (266,845) 2010 2,875,610 2,989,586 (113,976) 2011 2,896,688 2,993,165 (96,477) 2012 2,680,669 2,881,532 (200,863) 2013 3,467,207 4,330,437 (863,230) 2014 3,826,020 4,844,694 (1,018,674) 2015 4,203,373 4,854,747 (651,374) Revenue excludes capital contributions. Expenses includes depreciation and excludes losses on asset disposals and transfers. Includes food & beverage gross revenue and expenditures beginning July 1, 2013. Source: City of South Bend Comprehensive Annual Financial Reports (CAFR). ($1,200,000) ($1,000,000) ($800,000) ($600,000) ($400,000) ($200,000) $0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Total Revenue less Total Expenses (including depreciation) Century Center CAFR Report 2/16/2017 5 Total Total Net Net Manager Year Revenue Expenses Depreciation Expenses Results City 1995 2,410,630 2,718,628 435,101 2,283,527 127,103 City 1996 2,523,696 2,757,632 452,940 2,304,692 219,004 City 1997 2,557,318 2,998,551 565,086 2,433,465 123,853 City 1998 2,762,001 3,108,655 567,548 2,541,107 220,894 City 1999 2,879,556 3,123,623 583,147 2,540,476 339,080 City 2000 3,016,567 3,292,897 589,362 2,703,535 313,032 City 2001 3,102,568 3,455,389 571,561 2,883,828 218,740 City 2002 2,910,915 3,395,569 597,933 2,797,636 113,279 City 2003 2,868,125 3,460,137 633,226 2,826,911 41,214 City 2004 3,137,974 3,592,627 576,367 3,016,260 121,714 City 2005 3,174,860 3,478,359 548,235 2,930,124 244,736 City 2006 3,153,486 3,355,531 559,942 2,795,589 357,897 Global Spectrum 2007 3,444,580 3,490,103 529,282 2,960,821 483,759 Global Spectrum 2008 3,410,862 3,562,285 519,660 3,042,625 368,237 Global Spectrum 2009 2,889,536 3,156,381 533,494 2,622,887 266,649 Global Spectrum 2010 2,875,610 2,989,586 460,732 2,528,854 346,756 Global Spectrum 2011 2,896,688 2,993,165 515,667 2,477,498 419,190 Global Spectrum 2012 2,680,669 2,881,532 665,015 2,216,517 464,152 Global Spectrum/SMG 2013 3,467,207 4,330,437 763,870 3,566,567 (99,360) SMG 2014 3,826,020 4,844,694 785,883 4,058,811 (232,791) SMG 2015 4,203,373 4,854,747 815,117 4,039,630 163,743 Revenue excludes capital contributions and expenses excludes depreciation and losses on asset disposals and transfers. Includes food & beverage gross revenue and expenditures beginning July 1, 2013. Source: City of South Bend Comprehensive Annual Financial Reports (CAFR). -$300,000 -$200,000 -$100,000 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Year 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Total Revenue Less Total Expenses (excluding depreciation) Century Center CAFR Report 2/16/2017 6 Hotel/Motel Tax 1995 $855,576 1996 940,294 1997 1,012,978 1998 1,085,399 1999 1,144,096 2000 1,220,860 2001 1,269,694 2002 1,020,628 2003 1,130,575 2004 1,164,493 2005 1,235,849 2006 1,247,928 2007 1,361,263 2008 1,497,390 2009 1,347,651 2010 1,313,152 2011 1,313,437 2012 1,313,436 2013 1,313,436 2014 1,313,450 2015 1,313,450 Year $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 Hotel/Motel Tax Revenue 1995 -2015 Century Center CAFR Report 2/16/2017 7 PSDA Tax 1995 $0 1996 0 1997 0 1998 0 1999 0 2000 0 2001 0 2002 0 2003 0 2004 0 2005 0 2006 100,000 2007 100,000 2008 100,000 2009 100,000 2010 100,000 2011 100,000 2012 100,000 2013 100,000 2014 0 2015 0 Year $0 $25,000 $50,000 $75,000 $100,000 $125,000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 PSDA Tax Revenue 1995 -2015 Century Center CAFR Report 2/16/2017 8 Fees & Charges 1995 $1,226,892 1996 1,172,757 1997 1,138,694 1998 1,288,632 1999 1,302,693 2000 1,347,724 2001 1,385,932 2002 1,466,399 2003 1,324,233 2004 1,345,660 2005 1,367,598 2006 1,337,966 2007 1,520,686 2008 1,507,811 2009 1,116,825 2010 1,268,568 2011 1,336,807 2012 1,113,278 2013 1,923,625 2014 2,411,607 2015 2,773,564 Includes food & beverage gross revenue beginning July 1, 2013. Year $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 Fees & Charges Revenue 1995 -2015 Century Center CAFR Report 2/16/2017 9 Parking Fees 1995 $151,695 1996 140,790 1997 134,998 1998 146,846 1999 180,954 2000 176,254 2001 182,439 2002 192,234 2003 223,980 2004 227,420 2005 236,754 2006 242,347 2007 216,409 2008 200,601 2009 178,916 2010 182,803 2011 144,669 2012 153,362 2013 110,884 2014 100,634 2015 115,550 Year $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Parking Fee Revenue 1995 -2015 Cenutry Center CAFR Report 2/16/2017 10 Total Revenue 1995 $2,410,630 1996 2,523,696 1997 2,557,318 1998 2,762,001 1999 2,879,556 2000 3,016,567 2001 3,102,568 2002 2,910,915 2003 2,868,125 2004 3,137,974 2005 3,174,860 2006 3,153,486 2007 3,444,580 2008 3,410,862 2009 2,889,536 2010 2,875,610 2011 2,896,688 2012 2,680,669 2013 3,467,207 2014 3,826,020 2015 4,203,373 Includes food & beverage gross revenue beginning July 1, 2013. Year $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 Total Revenue 1995 -2015 Century Center CAFR Report 2/16/2017 11 General Expenditures 1995 $2,254,588 1996 2,264,186 1997 2,406,578 1998 2,516,711 1999 2,508,543 2000 2,653,530 2001 2,849,170 2002 2,767,768 2003 2,813,791 2004 2,921,009 2005 2,894,940 2006 2,759,417 2007 2,908,204 2008 2,992,560 2009 2,617,186 2010 2,525,793 2011 2,477,498 2012 2,216,517 2013 3,566,567 2014 4,058,811 2015 4,039,630 Includes food & beverage gross expenditures beginning July 1, 2013. Year $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 General & Administrative Expenses 1995 -2015 Century Center CAFR Report 2/16/2017 12 Depreciation Expense 1995 $435,101 1996 452,940 1997 565,086 1998 567,548 1999 583,147 2000 589,362 2001 571,561 2002 597,933 2003 633,226 2004 576,367 2005 548,235 2006 559,942 2007 529,282 2008 519,660 2009 533,494 2010 460,732 2011 515,667 2012 665,015 2013 763,870 2014 785,883 2015 815,117 Year $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 Depreciation Expense 1995 -2015 Century Center CAFR Report 2/16/2017 13 Type Amount Percent General & Administration 4,058,811 83.8% Depreciation 785,883 16.2% Total Expenses 4,844,694 100.0% Type Amount Percent General & Administration 4,039,630 83.2% Depreciation 815,117 16.8% Total Expenses 4,854,747 100.0% Century Center 2014 Expenses General & Administration Depreciation Century Center 2015 Expenses General & Administration Depreciation Century Center CAFR Report 2/16/2017 14 Total Expenditures 1995 $2,718,628 1996 2,757,632 1997 2,998,551 1998 3,108,655 1999 3,123,623 2000 3,292,897 2001 3,455,389 2002 3,395,569 2003 3,460,137 2004 3,592,627 2005 3,478,359 2006 3,355,531 2007 3,490,103 2008 3,562,285 2009 3,156,381 2010 2,989,586 2011 2,993,165 2012 2,881,532 2013 4,330,437 2014 4,844,694 2015 4,854,747 Includes food & beverage gross expenditures beginning July 1, 2013. Year $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Total Expenses 1995 -2015 Century Center CAFR Report 2/16/2017 15 Year Amount 2003 20,610 2004 0 2005 0 2006 322,726 2007 144,936 2008 735,704 2009 3,179,850 2010 351,986 2011 614,423 2012 655,737 2013 697,917 2014 106,333 2015 4,683,424 Includes capital paid by a bond, energy savings contract, hotel/motel tax fund and other city funds not including Century Center. 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Capital Contribution from Other Sources 2003 -2015 2008 Century Center Bond 2015 Energy Savings Bond Hotel Motel Century Center CAFR Report 2/16/2017 16