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Home My WebLink About2002 Comprehensive Annual Financial ReportCITY OF SOUTH BEND, INDIANA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2002 TABLE OF CONTENTS Page INTRODUCTORY SECTION Table of Contents .......................................... City Officials ........................................................................................................................................ iv Controller's Letter of Transmittal ......................................................................................................... v Organization Chart .............................................................................................................................. xvii Certificate of Achievement for Excellence in Financial Reporting ...................................................... xviii II. FINANCIAL SECTION Independent Auditor's Report on Financial Statements and Supplementary Schedule of Expenditures of Federal Awards ......................................, 1 Management's Discussion and Analysis .................................... 3 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Assets ........................................................................................................ 12 Statement of Activities .................................................................................................................. 14 Fund Financial Statements: Balance Sheet -Governmental Funds .................................................................................. 15 Statement of Revenues, Expenditures and Other Changes in Fund Balances -Governmental Funds .................................................................................... 17 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ........................... 19 Statement of Net Assets -Proprietary Funds ....................................................................... 20 Statement of Revenues, Expenses and Other Changes in Fund Net Assets -Proprietary Funds ............................................................................. 22 Statement of Cash Flows -Proprietary Funds ...................................................................... 24 Statement of Fiduciary Net Assets -Fiduciary Funds ........................................................... 26 Statement of Changes in Fiduciary Net Assets -Fiduciary Funds ........................................ 27 Notes to Financial Statements 28 Required Suoolementarv Information: Schedules of Funding Progress ................................................................................................... 60 Schedules of Contributions From the Employer and Other Contributing Entities ......................... 61 Budgetary Comparison Schedules ............................................................................................... 62 Budget/GAAP Reconciliation ........................................................................................................ 69 Combining Statements and Schedules: Nonmajor Governmental Funds: Description ............................................................................................................................. 70 Combining Balance Sheet ..................................................................................................... 76 Combining Statement of Revenues, Expenditures and Other Changes in Fund Balances ................................................................................... 83 Statements of Revenues, Expenditures, and Changes in Fund Balances -Budget and Actual ....................................................................................... 90 CITY OF SOUTH BEND, INDIANA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2002 TABLE OF CONTENTS (Continued) FINANCIAL SECTION (Continued) Page Combining Statements and Schedules (Continuedl: Nonmajor Enterprise Funds: Description ............................................................................................................................. 105 Combining Statement of Net Assets ...................................................................................... 106 Combining Statement of Revenues, Expenses and Other Changes in Fund Net Assets .............................................................................................................. 108 Combining Statement of Cash Flows .................................................................................... 110 Internal Service Funds: Description ............................................................................................................................. 111 Combining Statement of Net Assets ...................................................................................... 112 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets .............................................................................................................. 114 Combining Statement of Cash Flows .................................................................................... 115 Fiduciary Funds: Description ............................................................................................................................. 117 Combining Statement of Fiduciary Net Assets -Pension Trust Funds ................................. 118 Combining Statement of Changes in Fiduciary Net Assets -Pension Trust Funds .............. 119 III. STATISTICAL SECTION General Governmental Expenditures by Function ............................................................................. 121 General Revenues by Source ............................................................................................................. 122 Property Tax Levies and Collections .................................................................................................. 123 Total County Option Income Tax Levy by Taxing Unit ........................................................................ 124 Assessed and Estimated Actual Value of Taxable Property ............................................................... 125 Detail of Net Assessed Valuation ....................................................................................................... 126 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita ........................................................................................................ 127 Computation of Legal Debt Margin ..................................................................................................... 128 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Governmental Expenditures ........................................................ 129 Schedule of Revenue Bond Coverage -Wastewater Utility Bonds .................................................... 130 Schedule of Revenue Bond Coverage -Water Utility Bonds .............................................................. 131 Detail of City Tax Rate ........................................................................................................................ 132 Property Tax Rates -Direct and Overlapping Governments .............................................................. 133 Computation of Direct and Overlapping Debt ..................................................................................... 134 County Income Tax Revenue -History and Projected Distribution .................................................... 135 Demographics Statistics ..................................................................................................................... 136 New Construction - Number of Permits and Property Values ............................................................ 137 Financial Institution Data ..................................................................................................................... 138 City's Ten Largest Taxpayers ............................................................................................................. 139 City's Ten Largest Water Customers .................................................................................................. 140 City's Ten Largest Sewage Works Customers ................................................................................... 141 Comparison of Growth Rates in Personal Income for St. Joseph County, the State of Indiana and U.S. Disposable Personal Income ........................................................................................ 142 ii CITY OF SOUTH BEND, INDIANA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2002 TABLE OF CONTENTS (Continued) Pape Miscellaneous Statistics ................................................................................... 143 Insurance Coverage .............................................~........................................... 145 IV. COPJIPLIANCE SECTION Independent Auditor's Report on Compliance and on Internal Control Over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards ................................................ 147 Independent Auditor's Report on Compliance With Requirements Applicable to Each Major Program and Internal Control Over Compliance in Accordance With OMB Circular A-133 ................................................................. 148 Schedule of Expenditures of Federal Awards ..................................................................................... 150 Notes to Schedule of Expenditures of Federal Awrards ...................................................................... 152 Schedule of Findings and Questioned Costs ...................................................................................... 153 Auditee Prepared Schedules: Summary Schedule of Prior Audit Findings... ~ .......................................... 155 Corrective Action Plan .................................... . ~ ................................ ............................................................................ 156 iii CITY OFFICIALS Office Official Term Mayor Mr. Stephen J. Luecke 01-01-00 to 12-31-03 Controller Mr. Frederick B. Ollett, III 10-31-01 to 12-31-03 City Clerk Mrs. Loretta Duda 01-01-00 to 12-31-03 County Treasurer (Ex-Officio Mr. Thomas Zakrzewski 01-01-01 to 12-31-04 City Treasurer) President of the Board of Public Works Mr. Gary Gilot 01-01-02 to 12-31-03 Common Council Members 1St District Mr. James Aranowski 01-01-00 to 12-31-03 2"d District Ms. Charlotte Pfeifer 01-01-00 to 12-31-03 3rd District Mr. Roland Kelly 01-01-00 to 12-31-03 4th District Mr. Karl King 01-01-00 to 12-31-03 5th District Mr. David Varner 01-01-00 to 12-31-03 6th District Mr. Andrew Ujdak 01-01-00 to 08-29-02 Mr. Ervin Kuspa 09-15-02 to 12-31-03 At Large Ms. Karen L. White 01-01-00 to 12-31-03 At Large Mr. Sean Coleman 01-01-00 to 12-31-03 At Large Mr. AI (Buddy) Kirsits 01-01-00 to 12-31-03 iv Cov~r~-Gnr BUILDING Soup BExD, IxDUxn 4(,601-1830 PHONE 574/ 235-9216 Fnx 5741235-9928 TDD 574/ 235-5567 Crry OF $OUiT-I SEND STEPHEN J. LUECKE, MAYOR DEPARTMENT OF ADMINISTRATION AND FINANCE FREDERICK $. OLLETT, III CoxTROUER June 23, 2003 To the Honorable Mayor Stephen J. Luecke, Members of the City Council, and the Residents of the City of South Bend: The comprehensive annual financial report of the City of South Bend, Indiana (the "City") for the year ended December 31, 2002, is hereby submitted. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation,. including all disclosures, rests with the City. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position and results of operations of the various funds and account groups of the City. All disclosures necessary to enable the reader to gain an understanding of the government's financial activities have been included. The comprehensive annual financial report. is presented in four sections: introductory information,. financial information, statistical information and federal awards supplemental information. The introductory section includes this transmittal letter, the City's organizational chart, a list of principal City officials and the Certificate of Achievement for Excellence in Financial Reporting awarded to the City of South Bend for the year ended December 31, 2001. The financial section begins with the independent auditors' report on the City's financial statements and schedules and is followed by the City's general-purpose financial statements and accompanying footnotes. The remaining portion of this section includes the combining and individual fund and account group financial statements and schedules. The statistical section includes selected financial and demographic information generally presented on a multi-year basis, which has been provided to give the reader a broader understanding of the. City. This document ends with the federal awards section, which includes the results of the supplemental audit of the City's federal awards and the internal controls necessary for compliance. The City is required to undergo an annual single audit in conformity with the provisions of the U.S. Office of Management and Budget Circular A-133, Audits of States. Local Governments and Non-Profit Organizations, the provisions of Indiana Code section 5-11-1-9 and the requirements of the Indiana State .Board of Accounts. Information related to the single audit, including the schedule of federal financial assistance, findings and recommendations, and the auditors' reports on the internal control structure and compliance with applicable laws and regulations, is included in-this document. v The following pages of this transmittal letter begin with a general overview of South Bend and the surrounding area. Also summarized are the key financial, budgetary and property tax controls with which the City is required to comply. The remainder includes a discussion of the prior year's financial challenges and accomplishments; the City's goals and objectives for this year and beyond; and other key issues the City is facing along with the impact they may have on current and future budgets. GENERAL INFORMATION The City of South Bend is the county seat of St. Joseph County, Indiana, and is the fourth largest city in the state. Its 2000 U.S. Bureau of the Census population of 107,789 classifies it as a "City of the Second Class" under Indiana statues (cities with a population of 35,000 to 250,000). It operates with a mayor as chief executive and anine-member City Common Council composed of six members elected from districts and three members at-large. The City provides a full range of traditional general governmental services to its citizens. These services include police and fire protection; sanitation services; the construction and maintenance of highways, streets and infrastructure; recreational activities and cultural events. In addition to general governmental activities, the Common Council or City Board of Public Works exercises oversight over the South Bend Water Works, the South Bend Wastewater Treatment Facility, the Century Center, the College Football Hall of Fame, the Studebaker Collection, the South Bend Redevelopment Authority and several downtown parking facilities. Location St. Joseph County lies within the heartland of the manufacturing belt and metropolitan regions of the Upper Midwest and Canada. The City of South Bend is located in the north central part of Indiana, ten miles south of the Michigan state line, and is commonly known to be within the "Michiana" area. The Michiana area is a vibrant and diverse area with a strong economy based on a mix of agricultural, service, manufacturing, other commercial and tourism industries. This diverse economic mix creates varied employment opportunities for the area's residents while providing insulation via diversification from future economic downturns. The City is approximately 90 miles east of Chicago and 140 miles north of Indianapolis. Accessibility to transportation, including Interstate 80/90, a regional airport (which is the second busiest in the state of Indiana), the South Shore rail line and a port on Lake Michigan, has supported economic growth within the community. Proximity to Chicago, the largest rail and intermodal (rail/truck/ocean/inland waterway) transfer point in the country, is a significant advantage to St. Joseph County. St Joseph County /South Bend -Economic Conditions and Outlook St. Joseph County, with its 2000 U.S. Bureau of the Census population of 265,559, boasts a strong history of manufacturing which continues today. As a complement to that, the service industry and retail trade has also flourished, creating a balance that serves the community well. The County has experienced a net growth in population of 26,945 (11.3% increase) between 1960 and 2000. After experiencing a reduction of 2.6% during 1969 to 1983, at which time the vi entire Midwest was at the depth of its economic restructuring and recess, the County's population increased 4.0% between 1983 and 1990 and another 7.5% between 1990 and 2000. The total labor force in December 2002 of 135,020 in St. Joseph County is typical of the Midwest: well trained with a strong work ethic. Approximately 82.4% of the area's adult population are high school graduates or higher (as compared to the national average of 75%) with an estimated 23.6% with a Bachelor's Degree or higher. There are ten colleges, universities and technical schools within South Bend and the surrounding area including the University of Notre Dame, Indiana University of South Bend, Saint Mary's College, Bethel College and Ivy Tech State College. At the high school level, there are school-to-work transition programs that help prepare students for the world of work. St. Joseph County is currently experiencing an average unemployment rate of around 4.6% which compares favorably to the December 2002 national and State of Indiana rates of 6.0% and 4.8%, respectively. The 2002 employment profile for St. Joseph County provides a good overview of the economic make-up of this community. Employment statistics for the County's major economic sectors are as follows: Economic Sector Construction Manufacturing Transportation, Communication & Public Utilities Wholesale Trade Retail Trade Finance, Insurance & Real Estate Services Governmental (excluding Federal) Number Emplo,~d % of Total 7,241 5.62% 21,569 16.74% 4,638 3.60% 8,556 6.64% 25,461 19.76% 6,391 4.96% 41,644 32.32% 11,932 9.26% St. Joseph County presently has an estimated 98,500 households with per household income as follows: 12% with household incomes that exceed $75,000; 18% with incomes $50,000 to $75,000; 25 % with incomes $35,000 to $49,999; 18% with incomes $25,000 to $34,999; 15% with incomes $15,000 to $24,999; and the remaining 12% with household incomes under $15,000 per year. The median household effective buying income (disposable income after taxes) in the County in 2000 was $40,420, which equated to more than $4.36 billion in effective buying income for this area. Health and education lead the employment statistics for St. Joseph County. The largest employers in the County as of December 2002 were as follows: University of Notre Dame (4,100); Saint Joseph Regional Medical Center (3,358); South Bend Community School Corporation (3,000); Memorial Health Systems (3,300); Honeywell Incorporated (1,913); St. Joseph County Government (1,631); Indiana University of South Bend (1,481); Martin's Super Markets (1,435); City of South Bend (1,300); Meijer Incorporated (1,225); Penn-Harris-Madison School Corporation (1,215); AM General Corporation (2,300); First Source Bank (969) and Madison Center and Hospitals (815). vii The following provides a profile of the adult population residing in St. Joseph County: Gender: 48% male; 52% female Age: 16.1% 18-24 years of age; 13% 25-34 years of age; 14.8% 35-44 years of age; 13.1% 45-54 years of age; 7.8% 55-64 years of age; and 13.6% 65 years or older Race: I~ .82.4% White; 11.5% Black/African American;4.7% Hispanic/Latino; 1 % Asian; and 1 % Other Marital Status: 59% Married; 18% Widowed/Divorced/Separated; and 23% Single Home Ownership: 78% own; 22% rent Type of Dwelling: 84% single unit; 16% other The cost of living continued to be one of the greatest advantages of living in this community. The housing costs in South Bend are well below the national and regional averages. During the first quarter of 2002, the median sales price for a single family home (per the National and Indiana Association of Realtors) fob the nation and the Midwest were $152,000 and $129,000, respectively, compared to Slouth Bend's median price of only $84,300.. For the same period, Chicago's median price wa$ $198,000 and Indianapolis stood at $111,900. South Bend's ACCRA cost of living inde~c for the first quarter of 2002 was 95.3, which was 10.8% below the nationwide average. A further breakdown of South Bend's cost of living index for this period was as follows: grocery items - 88.9; housing costs - 102.5; utilities - 89.4; transportation - 89.6; health care - 98.1; and misclellaneous goods and services - 94.9. The City of South Bend continues to place high emphasis on a growing and diversified local economy. It has been active in developing ten industrial parks, offering itself as aloes-cost alternative to the Chicago metropolitan area to companies engaged in ]!~ight manufacturing, distribution and services. 111~[ore than 240 businesses operate in South Bend's industrial parks, including companies engaged in metalworking, plastics, warehousing and distribution, and professional services. The South Bend Community School Corporation serves all of the City and some of the surrounding area and has a current enrollment of approximately 21,797 students in grades kindergarten through high school. An estimated 4,441 students attend private or parochial schools within the City. Thy ten institutions of higher education and technical training located within the South Bend area have a total enrollment of approximately 28,893. Over the years, the University of Notre Dame hjas provided a stabilizing influence on the economy with a very significant economic impact upon the community. South Bend has continued t~ progress in its growth since 1842, when Father Edward Sorin named his rustic log chapel "'Notre Dame du Lac" and began to teach the local Indians. Today, the chapel has grown into t)~e University of Notre Dame. In 1852, H.C". Studebaker started the industry of making wagons Land horse drawn buggies that evolved into the manufacturing of the Studebaker automobile. It made the name Studebaker synonymous with the area of South Bend. Another industrial firm that lwould later become the area's largest began in 1923 when Vincent Bendix began manufacturing automotive brakes. In 1929, the company became the Bendix Aviation Corporation, and row, as Honeywell (formerly AlliedSignal Inc.), is a leading manufacturer of automotiveiand aerospace products. viii Other special attractions w Waterway and the East Baa provides for the Broadway Chamber and Pops Orchesl the South Bend Civic Thea Museum of Art; the Snite D History; Copshaholm/The ~ Potawatomi Zoo; the Morri Kids Museum; the Farmers Arts Festival; and the annu, Baseball Stadium, a 5,000-~ league baseball. It had recc Hawks, a minor league tear City signed on with the Ari program. hin the South Bend area include the Olyrr~pic-class East Race area; the newly renovated Morris Performing Arts Center, which 'heater League, the South Bend Symphony Orchestra with the ~s and the Southold Dance Theater and Patchwork Dance Company; ;r; the Studebaker National Museum; the South Bend Regional useum of Art at Notre Dame; the Northern Indiana Center for liver Mansion; the College Football Hall of Fame; Century Center; Conservatory/Muessel-Ellison Tropical Gardens; Healthworks! Market; the Belleville Softball Complex; the Firefly Performing City of South Bend Ethnic Festival. The Coveleski Regional .at facility which opened in 1987, is rated among the best in minor d crowds during its seasons of play with the South Bend Silver of the Chicago White Sox up to the 1997 season. During 1997, the Ana Diamondbacks and looks forward to continued success with its Additional miscellaneous information about the City of South Bend cam be found at the end of this transmittal letter. Financial. Budgetar~d ~Progerty Tax Controls The City's Management Te m is responsible for establishing and maintaining an internal control structure designed to ensur that the assets of the government are protected from loss, theft or misuse and to ensure that a equate accounting data is compiled to allow for the preparation of financial statements in conf rmity with generally accepted accounting principles. The internal control structure is designe to provide reasonable, but not absolute, a:>surance that these objectives are met. The co cept of reasonable assurance recognizes that: (1) the cost of a control should not exceed a benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates nd judgments by management. Single Audit. As a recipie t of federal and state financial assistance, the City also is responsible for ensuring that an adequat internal control structure is in place to ensure compliance with applicable laws and regulati ns related to those programs. This internal control structure is subject to periodic evaluati n by management of the City. As part of tihe City's single audit described earlier, tests are p rformed to determine the adequacy of the internal control structure, including that portion relate to federal financial assistance programs, as well as to determine that the City has complied ith applicable laws and regulations. The results of the City's single audit for the year ended De ember 31, 2001 disclosed no instances of significant material weaknesses in the internal c ntrol structure and no significant violations of applicable laws and regulations. Budgetary Controls. In ac ordance with Indiana statutes, the City maintains budgetary controls integrated within the acco ting system. The objective of these budgetary controls is to ensure compliance with legal provi ions embodied in the annual appropriated budget (prepared on a cash basis) which is adopte by the City Council and then reviewed and approved by the Indiana State Board of Tax Commis Toners. Activities of the general fund, certain special revenue and capital projects funds and t debt service funds are included in the aruiual budget. The level of ix budgetary control (that is, t e level at which expenditures cannot legally exceed the appropriated amount) is established by ajor budget classification within funds. T:he City Council may transfer appropriations fro one major budget classification to another within a department by ordinance as long as the tot 1 appropriations for that department are not exceeded. Transfers from one department to an ther, or additional appropriations in excess of the original budget, must be submitted to and a proved by the State Board of Tax Commissioners after these appropriations have been a proved by the City Council. The City also maintains an ncumbrance accounting system as one technique of accomplishing budgetary control. Encum ered amounts do not lapse at year end and are carried over to the subsequent year as a part o the subsequent year's budget. Property Tax Controls. ] statute, the City must oper tax it may levy. The prope property taxes that may be Indiana law prescribes a m the previous year's maxim assessed valuation in exce; up to a maximum of 10%. the last three years, not coy finds that it cannot maintai "freeze," it may appeal to t certain specific instances. amount generally equal to described below) to the Co 20% of the property taxes 1 sales tax. addition to budgetary and other controls established by Indiana within specific and rigid controls governing the amount of property y tax control program, which began in 19'73, limits the amount of ;vied. by each unit of government in its legally budgeted funds. ~imum property tax levy, which is calculated as a 5% increase over n levy. However, if a local government has experienced growth in of 5%, the municipality may use a percentage equal to that growth, growth is calculated as the average growth. in assessed valuation over ting a year of reassessment. In addition, if'the governmental unit basic governmental services for its residents within the property tax State Local Government Tax Control Board for an "excess levy" in s a part of the property tax control program, the state transfers an I% of the total property tax levy (except for debt service levies as ity Auditor to be distributed to each taxing; unit as a replacement for Jied. This "property tax replacement" is fiinded through the state The levy for Debt Service ds is controlled via a review and approval process by the State Local Government Tax Co of Board (with a subsequent review and approval by the State Board of Tax Commissione s) for each issuance of general obligation iindebtedness (or lease- purchase) entered into by a axing unit. In addition, all indebtedness incurred after 1983 no longer receives the 20% sta a property tax replacement funds mentione;d above. A historical view of the Ci 's tax rate and its net assessed valuation h;~s been included in the statistical section of this do ument. CitXwide Goals and Objectives for 2002 and Beyond The City has developed eig t broad goals that focus on the following areas: economy, safety, quality of life, trust, respon iveness, infrastructure, finance and worlcfe~rce. The City has identified various objective that are tied directly to these goals which, if achieved, will result in the attainment of these goal .The eight goals are listed below. x GOAL: The Community's Economy Improve South Bend's eco omy to ensure a vigorous local business climate; ample employment, business and investment o ortunities for all our customers; and a tax base that is sufficient to meet the needs of the City, 'ts residents and other customers. GOAL: The Community's Public Safety and Civility Improve South Bend's pub is safety and civility to ensure that every resident and other customers can live, work, p ay, run a business and raise a family in a humane, pleasant and safe environment; have adequat ,affordable and timely access to all forms of emergency services; and can contribute and part cipate in a community where people of different backgrounds live in mutual respect and harmon . GOAL: The Community's Quality of Life Improve South Bend's qual ty of life to ensure that every resident and every family can earn an adequate income; secure ad quate housing; live in a safe, pleasant and humane neighborhood; enjoy a wide range of socia ,cultural and recreational opportunities; a~1d have access to quality educational and medical se .ices within an excellent natural and mannnade environment. GOAL: Trust in City Government Improve residents' trust in ity government to ensure that South Bend has a broad base of consensus and support on hich to build the future, a strong foundation for collaborative action and community partnership ;and an increase in resident and customer participation in the daily public life of the communi GOAL: The City's Responsiveness, Efficiency, and Effectiveness Improve the responsiveness efficiency, and effectiveness of City government to ensure that the City's customers get the val a they expect and deserve. GOAL: The City's Infrastijucture Improve the City's infrastructure to ensure that South Bend can support physical growth and economic development; anc~ offer an excellent quality of life to all of i1:s residents and other customers. GOAL: The City's Financ~al Condition Improve the financial condi~ion of City government to ensure that South Bend has the financial resources necessary to achi ve all its goals for the next five years. xi GOAL: The City's Workff orce Improve the City governor nt's existing workforce, work environment and human development systems to ensure that Sou Bend has the human resources necessary to achieve all its goals for the next five years. City Mission Statement aid Department Purpose Statements The City provides services o its customers through thirteen administrative departments. These departments have unique p oses that are intended to support the citywide mission statement which is "to be recognize as a model city." Each department has developed a purpose statement which identifies eir specific role. Mayor's Office: Lead~ng the community to become a model city through formulating polic ,directing operations and responding to customer concerns. Common Council: Mak'ng certain that our City government is always responsive to the needs of o residents and that the betterment of Soutli Bend is always our high st priority. City Clerk's Office: Pres ruing all City Ordinances and Council meeting minutes for gene ations yet to be, and providing fair and consistent treatment of our Ordi ante Violations Bureau customers. Administration and Finance: Prov ding financial and organizational stability for the City through sound finan ial management while ensuring the existence of a safe work envir nment, quality employee benefits and equal treatment for all City empl yees. Legal Department: Prov ding superior, professional and ethical legal services for our client, the C'ty of South Bend. Police Department: Prote ting the life, property and personal liberties of all individuals; impr ving the overall quality of life by deterring; criminal activity and respe ting cultural diversity; delivering fair and impartial law enforcement servi es to all residents. Fire Department: Prov' ing the highest level of Fire and Emergency Medical Services possi le to all of our customers, saving lives anti property, and striving to beco e a model Fire Department for other cities in an efficient and cost- effec ive manner. Code Enforcement: Main arcing and improving the physical quality of life in our neig borhoods. Park and Recreation: Offe~ing all residents and guests of South Bend the highest quality of xii recr ational and leisure activities, while providing well-managed parks and ecreational facilities with updated prograrruning and friendly prod ctive service. Community and Economic Development: Crea ing and expanding opportunities through partnerships in neig borhood revitalization, commercial and industrial development and co unity enhancement. Public Works: Prov ding leadership in the development and delivery of engineering, fleet, transportation, sanitation, wastewater, wager and other services as calle upon by our customers. Building Department: Serving our customers by inspecting, informing and ensuring a safe place tow rk, play and live. Century Center: Prov' ing astate-of--the-art facility with excellent services to customers Building South Bend in 2x02 and bead Mayor Stephen Luecke's th me for the past several years has been "We're Building South Bend." That theme has had a major influence on the development of the 2003 budget. There were five areas of concentr tion that became or remained budget priorities for 2003. whil generating maximum economic benefit to our community We'r Building Neighborhoods -Mayor Lueck:e and the City's elected ofBci is continued their strong commitment to neighborhoods. The City will i vest $4.7 million to fund or leverage state and federal funding for housi g assistance, development and home ownership programs, neigh orhood public works and parks, neighborhood development for socia services and organizations, and public safety initiatives. Co fitting these resources will help us maintain, improve and support stron neighborhood development. We'r Building a Safe Ciry -Public safety is the; foundation of all the City' efforts to build South Bend. Through the targeted and creative use of av ilable resources, the City is working to provide quality police, fire and a bulance services for the community. The; crime rate has increased in se ral significant categories over past year. South Bend has 2.4 police office s and 2.3 firefighters per thousand population. These ratios are amon the highest in the state and well above the national average. We belie a that these extra officers are important foi• officer safety and co unity safety. We will also complete the long awaited and much neede design for renovation and expansion of Police Department offices. The ity's Fire Department is rated one of the highest in the State. We have ecently refurbished three main fire trucks 1;0 like-new status. This xui year a will start work on new administrative offices for the Fire Dep rtment and Central Fire Station. The Mayor's top initiatives will focu on regional policing, providing in-car cameras for all patrol cars and placi g more emphasis on training and recruitment for the Police and Fire Dep rtments. We' Building an Attractive Ciry - We are working to enhance the natu 1 and man-made beauty of our city through effective City programs. Fort e fifth year in a row we were named a Tree City USA. The Building Bloc Grant Program helps residents spruce up their neighborhoods, and aggr ssive Code Enforcement will continue to address deteriorated and nuis ce properties. The Commercial Corridors Improvement Fund provi es much needed funding to address a variety of needs along five of the City's major corridors. The City is funding major programs for curb & si walks, neighborhood centers, weed & seed program, and trans orming a former dump into a model outdoor environmental lab. We'r Building Opportunity - A key issue for any city is education and oppo pity for young people. The City is committed to keeping schools open 'n our neighborhoods and to maximizing their use by the community. We a e building partnerships that will create ne~v strategies for enhancing our f rural education system. Working together with families, student grou s, school officials, neighborhoods, the faith community and civic orga 'zations, we can support our local schools ;and improve the level of indiv dual student performance. We'r Building a Strong Economy -Local govf;rnment plays a key role in ec nomic development. By providing adequate infrastructure and offeri g targeted assistance, the City can stimulate private investment, creati g business opportunities and jobs. The Ciity's policies encourage new sart-up businesses, strengthen existing business, attract new jobs, incre se assessed value and emphasize direct investment in hard-to- devel p areas. Efforts have been and will contir,;ue to focus on imple enting the comprehensive plans for downtown and the East Bank. The ity's administration will vigorously pursue; the revitalization of older Indus 'al sites, as well as the expansion of the Blackthorn area. Proprietar~Operations. he City's proprietary operations comprise :>everal separate and distinct activities accounted or in both Enterprise and Internal Service funds. The Enterprise Fund operati ns include the following: the City's downtown parking garages, water utility services, waste ater utility services, solid waste services, the Century Center, the consolidated St. Joseph Co ty/South Bend Building Department and, Blackthorn Golf Course. The Internal Service Fund o erations include the City's self-funded liability insurance program, the City's self-funded empl yee benefits program, and Central Services (a department that accounts for the expenses re ated to fuel, vehicle repairs and various other services and supplies provided to City department on acost-reimbursement basis). xiv Fiduciary Funds. The Ci 's fiduciary duties are accounted for in both Trust and Agency Funds. The primary trust ds are the Police and Fire Pension Funds (explained below). The Agency Fund is for payroll and related employee deductions. Retirement Fund and the 1 by the State of Indiana. H. 1977, who did not opt into Fund and the 1937 Firefigl This group of police office number and as a percentag City as a whole. The 1925 and 1937 Plans and distributions from the statute that created these f than a "pay-as-you-go" ba these funds to provide the principles. This informati itions. Most City employees are covered by the Public Employees 77 Police Officers' and Firefighters' Pension Fund, both administered ~vever, certain police officers and firefighters hired before May 1, he 1977 fund, continue to be members of the 1925 Police Pension ers' Pension Fund. These two funds are administered by the City. and firefighters will continue to decline in the future both as a total of total payroll of both the police and fire departments and of the funded through a combination of property taxes levied by the City ite Pension Relief Fund. As a result of the requirements of the state is, the City is legally prevented from funding them in any other way For December 31, 2001, the City received an actuarial survey on per disclosures required by generally accepted accounting is included in the following section. Cash Management. In ac ordance with state statute, cash temporarily idle during the year is invested in demand deposit ,certificates of deposit, obligations of the U.S. Treasury and repurchase agreements that a fully collateralized by U.S. Governmer.~t or U.S. Government Agency obligations. In addition to the insurance vailable to all depositors through the Fedc;ral government, all deposits of the City are cov red by the Public Deposits Insurance Fund maintained by the State Board for Depositories. Th t fund, established in 1937, covers both principal and interest of all deposits and investments m de by an Indiana governmental unit with approved public depositories in accordance ith the Public Deposits and Investments Law. Risk Management. The ~ Employee Benefits Fund a mentioned, these self-insu of the Self-Funded Emplo; covered dependents and rr Medical claims exceeding carrier. In addition to mec disability benefits for emp automobile and comprehe~ liability for self-insurance occurrence in accordance claims represents an estim .y has established two self-insurance funds: the Self-Funded l the Liability Insurance Premium Reserve Fund. As previously ice funds are accounted for as Internal Service Funds. The purpose Benefits Fund is to pay medical claims of City employees and their imize the total cost of annual medical insurance to the City. .25,000 per insured on an annual basis are covered through a private al claims, the fund pays premiums for life insurance and long term fees. The Liability Insurance Premium Re;serve Fund covers ve liability as well as workers' compensatiion costs. The City's limited to $300,000 per person and $5,000,000 in the aggregate per th Indiana Tort Law. The accrued liability for estimated insurance of the probable loss on unpaid claims arising prior to year end. xv Other Information Independent Audit. In ac ordance with the state statute, the City is required to be audited annually by the Indiana Sta a Board of Accounts, an agency of the State of Indiana. In addition to meeting the requirement set forth in state statutes, the audit also w;~s designed to meet the requirements of the federal Ingle Audit Act of 1984 and related OMB Circular A-133 as mentioned earlier. The and tors' report on the general purpose financial statements and combining and individual d statements and schedules is included ire the financial section of this report. For the past thi een years (years ended December 31, 1990 through 2002) the City has received an unqualified audit opinion. The auditors' reports related specifically to the single audit are included in a sepa ately filed report. Awards. The Government finance Officers Association of the Unitedl States and Canada (GFOA) awarded a Certific to of Achievement for Excellence in Financial Reporting to the City of South Bend for its comp hensive annual financial report for the fiscal year ended December 31, 2000. This was the ele nth consecutive year that the City has achieved this prestigious award. In order to be award d a Certificate of Achievement, a government unit must publish an easily readable and efficien ly organized comprehensive annual financial report. This report must satisfy both generally ccepted accounting principles and applicable legal requirements. A Certificate of Achieveme t is valid for a period of one year only. W~e believe that our current comprehensive annual fina ial report continues to meet the Certificate of Achievement Program's requirements, an we are submitting it to the GFOA to determine its eligibility for another certificate. Acknowledgments. The pr paration of the comprehensive annual financial report was made possible by the dedicated se ice of the City's fiscal officers and the entire staff of the Department of Administrati nand Finance. Each member of the Department has my sincere appreciation for the contrib tions made in the preparation of this report:. In addition, I would like to thank the Field Examine of the State Board of Accounts for their hard work and dedication in this effort. In closing, without the lead ship and support of Mayor Stephen J. Lue:cke, the City's Department Heads, and the embers of the City Council, preparation of this report would not have been possible. Sincerely, Frederick B. Ollett City Controller .~:;. ~~ ~ ~ Thomas J. Skarbek, CPA ~K Director of Budgeting & I~ financial Reporting xvi e~r~r'I a~ + a~ ~. cr~t~r •[~[1~i .' Board of Boe of Parks ublic Safe & R creation Police Fire Department Department -Technical Services -Fire Prevention Division -Administrative -Investigative Services Division Division -Firefighting - Uniform Patrol Operations Division Division -EMS Division -Community Relations Division ~_ Legal Code Department Enforcement (City Attornev) (Director) -Hearing Officer - Neighborhood Code Enforcement -Abandoned Vehicles -Unsafe Building -Animal Control - Bureau of Weights and Measures ,' l Electorate t~ I Mayor City Clerk `-'+ Century Center Moms Redevelopment aoard of Public Board of Entertainm~snt ~ Authority/ Works Mana ers Board Commission ' ~ ` Moms ~ Community 8 Public Century Performing Economic Works Center Arts Center Development (Director) (Director) Director; (Director) -Park dministralion -Engineering -Economic . Div Sion Division ~_ Development - Park aintenance -Streets -Community Div ion Division Development - Recr ation -Water Works -General Div ion Division Administration - Pota atomi Zoo -Sewage Works Div ion Division - Golf ivision -Central Services - Conc ssion Division Div ion -Solid Waste Division ~' ~ ~ Administration & Finance (Gifu Controller) ~ - ._ -City Finance & Budgeting - Human Resources - Benefits Management - Information Technology - Safety 8 Risk Management - Human Rights XVll ate of Ac anent fs~r R~e~lenre S Presented to t:~~: For its Comprehensive Annual Financial Report for the Fiscal Year Ended December 31, 2001 A C rtificate of Achievement for Excellence in Financial epor ing is presented by the Government Finance Officers ssociation of the United States and Canada to g vernment units and public employee retirement ystems whose comprehensive annual financial reports (CAFRs) achieve the highest { standards in government accounting and financial reporting. °h~ ~~ President .~ Executive Director xviii STATE (~F INDIANA AN EQUAL OPPORTUNITY EMPLOYER STATE BOARD OF ACCOUNTS 302 WEST WASHINGTON STREET ROOM E418 INDIANAPOLIS, INDIANA 46204-2765 Telephone: (317) 232-2513 Fax: (317) 232-4711 Web Site: www.in.gov/sboa INDEPENDENT AUDITOR'S REPORT ON FINANCIAL STATEMENTS AND SUPPLEMENTARY SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO: THE OFFICIALS OF THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA We have audited the accompanying financial statements of the governmental activities, the business- typeactivities, each major fund and the aggregate remaining fund information of the City of South Bend (City), as of and for the year ended December 31, 2002, which collectively comprise the City's basic financial state- ments as listed in the table of contents. These financial statements are the responsibility of the City's man- agement. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund and the aggregate remaining fund information of the City as of December 31, 2002, and the respective changes in financial position anti cash flows, where applicable, thereof and for the year then ended, in conformity with accounting principles generally accepted in the United States. The Management's Discussion and Analysis, Schedules of Funding Progress, Schedules of Contribu- tions From the Employer and Other Contributing Entities and Budgetary Comparison Schedules as listed in the table of contents are not a required part of the basic financial statements but are supplementary information required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presenta- tion of the required supplementary information. However, we did not audit the information and express no opinion on it. INDEPENDENT AUDITOR'S REPORT ON FINANCIAL STATEMENTS AND SUPPLEMENTARY SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (Continued) Our audit was conducted for the purpose of forming opinions on the financial statements that col- lectively comprise this City's basic financial statements. The introductory section, combining and individual nonmajor fund financial statements, statistical tables and the accompanying Schedule of Expenditures of Federal Awards as required by the U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual nonmajor fund financial statements and the Schedule of Expenditures of Federal Awards have been subjected to the auditing pro- cedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. The introductory section and statistical tables have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on them. In accordance with Government Auditina Standards, we have also issued our report dated April 29, 2003, on our consideration of the City's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. Our report on compliance and on internal control over financial reporting should be read along with this report. STATE BOARD OF ACCOUNTS April 29, 2003 2 As management of the City of South Bend, we offer readers of the City of South Bend's financial statements this narrative overview and analysis of the financial activities of the City of South Bend for the fiscal year ended December 31, 2002. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal. This discussion will contain comparative analysis in future years when prior year information is available. This is the first year that the City has resented its financial statements under the new Governmental Accounting Standards BoardpNumber 34 reporting model. This new reporting model significantly changes the presentation of financial data as well as the way.this information is recorded. Due to these significant changes, the omission of comparative information was unavoidable. As with other sections of this financial report, the information contained within this MD&A should be considered only a part of a greater whole. The readers of this statement should take time to read and evaluate all sections of this report, including the footnotes and the other Required Supplemental Information ("RSI") that is provided in addition to this MD&A. Financial Highlights The assets of the City of South Bend exceeded its liabilities at December 31, 2002 by $186,911,387. Of this amount, unrestricted net assets of $54,338,577, may be used to meet the government's ongoing obligations to citizens and creditors. Total cost of all of the City's programs were $132.3 million. The fund balance increased in governmental funds by $11.4 million. The City of South Bend's total debt obligations increased by the net of $361,466. Overview of the Financial Statements This discussion and analysis are intended to serve as an introduction to the City of South Bend's basic financial statements. The City of South Bend's basic financial statements are comprised of three coinponents: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. The report also includes other supplementary information in addition to the basic financial statements themselves. Government-wide financial statements. The government-wide financial statements are designed to provide readers with a broad overview of the City of South Bend's finances, in a manner similar to aprivate-sector business. The statement of net assets. This statement reports all assets and liabilities of the City as of December 31, 2002. The difference between total assets and total liabilities is reported as "net assets." Increases in net assets generall indicate an improvement in financial position while decrease may indicate a deterioration of financial position. The statement of activities. This statement serves the purpose of the traditional income statement. It provides consolidated reporting of the results of all activities of the City for the year ended December 31, 2002. Changes m net assets are recorded in the period in which the underlying event takes place, which may differ from the period in which cash is received or disbursed. The Statement of Activities displays the expense of the City's various programs net of the related revenues, as well as a separate presentation of revenues available for general purposes. Both of the government-wide financial statements distinguish functions of the City that are principally, supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The mayor governmental activities of the City of South Bend include general government and parks and recreation. The major business-type activities of the City include the water utility, wastewater utility and the century center. Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City of South Bend can a divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental-fund financial statements focus on near term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near term financing requirements. General Government Revenues -The following schedule presents a summary of general revenues for the year ended December 31, 2002 and the amount and percentages. 2002 Percent of Revenues Amount Total Taxes: General Property $ 58,387,387 52.0% County Option Income 9,531,190 8.4% County Economic Development Income 5,462,867 4.8% Professional Sports Development Tax 316,173 0.3% Licenses and Permits 236,267 0.2% Intergovernmental 20,859,845 18.5% Charges for Services 13,187,884 11.7% Fines and Forfeits 203,837 0.1% Interest 1,559,320 1.4% Donations 1,552,799 1.4% Other 1,735,111 1.5% $ o As shown above,. taxes continue to represent a significant source of revenue needed to support the services provided by the City. The City's single largest source of revenue is generated by property taxation. This revenue calculation is based on a relationship between two variables. The first variable is the assessed property valuation of industrial, commercial and residential parcels, both real and ppersonal property. The second variable is the ap lication of a tax rate to arrive at the total taxlevy Taxable property is assessed at 100% ofpthe true tax value. As described earlier, the City has the ability to increase its general property tax levy by 5%, which it elected to do in 2002. The above general property tax revenue includes taxes collected on behalf of the following funds:. General Fund, Park and Recreation Fund, Cumulative Capital Development Funds, vanous capital funds for the City's Redevelopment Tax Incremental Financing (TIF) Funds and a special levy to cover debt service on general obligation bonds. The increase in property taxes collected on behalf of the TIF funds was the result of an increase in net assessed value and the scheduled roll-off of tax abatements in the Airport Development Economic Area (Blackthorn) TIF. One of the major focuses for the City continues to be the need to diversify its revenue streams. This is necessary to reduce the dependancy on general pproperty taxes and to ensure that abroad- base of users, including nonresidents, share in the funding of basic city services. Currently the City's property taxpayers carry a disproportionate share of the cost of public safety (police & fire services) and general government functions (elected officials, Legal Department and Administration and Finance Department). Approximately 74% of the General Fund's 2002 total revenue was derived from property taxes. The public safety and general. government functions constituted approximately 82% of the General Fund's 2002 total expenditures. South Bend, like many other cities, has public safety at the top of its priority list. In order to .shift part of the financial burden for these services away from the City's homeowners/property owners, new sources of revenue need to be identified. In an attem t to accomplish this, two new taxes have been enacted since 1995 that have begun to shift this f nancial tax burden. Economic Development Income Tax (EDIT) -This tax was first enacted as of July 1, 1995 at the rate of one tenth of one percent (0.1 %) of City residents' (and some nonresidents') ad'usted gross income, which generated $1,382,670 and $1,466,029 for the City of Southend in 1996 and 1997, respectively. The City's Common Council and the St. Joseph County Council passed respective ordinances that increased the rate to two tenths of one percent (0.2%), which effectively doubled the City's distribution be inning in 1998. The City received $3,156,441, $3,105 473, and $5,462,867 ofg EDIT distributions in 2000, 2001, and 2002 respectively, anc~ is anticipating the receipt of $6.3 million from this tax in 2003. Both of the ocal option income taxes (EDIT and COIT are collected and administered by the Indiana Department of State Revenue. The EDIT distribution. is then remitted to the county, which then allocates these tax receipts between the county and the cities and towns in the county based on the proportionate amounts of property tax levy for each unit. The City's portion of the total county's EDIT ranged from 35.6° o to 38.2% over the last four years as the proportionate property tax levies have changed. The EDIT rate will remain at the current level (0.2%) unless further action is taken by the respective councils. The EDIT rate can legally be raised to four tenths of one percent (0.4 /o). County Option Income Tax (COIT) -The Ci and County Councils enacted this tax effective July 1, 1997 at a rate of two tenths o~ one percent (0.2%) with an increase of one tenth of one percent (0.1%) per year during the next four years. In 2002 the rate was set to its legal limit of six tenths of one percent (0.6% . The City would not have supported the new County Option Income Tax if it ha not been accompanied by a tandem ordinance which established an additional 6% homestead credit for ro ertrtyy taxpayers. This additional homestead credit increased to 7% in 1999 and to 8%pn 000 (where it will remain at this level). Thus, as a result of the passage of this new tax, Cittyy property taxpayers were provided relief through a reduction in their property tax bills while the City was provided with an additional source of revenue that will eventually slow the growth of future property tax rate increases. Although the rate was in effect in mid-1997, the City received its first COIT distribution of $740,235 in 1998. The receipts increased from $1,717,303 in 1999 to $2,378,487 in 2000 $4,491,922 in 2001 and 9,531,190 in 2002. The City is anticipating the receipt of $6.3 million from this tax in 2003. In 2002 aone-time adjustment of $2,318,375 for conservative distribution estimates in the early years of the tax was transferred. These countywide taxes are allocated (net of homestead credits) between all taxing units within the county based on the proportionate amounts of property tax levy for each taxing unit. As mentioned earlier, the City is always looking for other sources of revenue that would reduce its reliance on roperty taxes. A viable source of revenue is from user fees and/or charges for services curren~y being performed. It is the City's desire to establish all user charges and fees at a level closely related to the full cost of providing the, services while taking into consideration similar charges/fees being levied by other public and pnvate providers. The City recalculates, on an annual basis, the full costs of activities supported by user fees . including the Parks Department roggrrams and 1rM5 ambulance services among otners~ to iaennry the impact or inflation andpother cost increases. It then revises user fees accordingly. As a result, overall charges for services and user fee revenues are anticipated to increase in line with annual operating and capital budgets. 5 General Government Expenditures - The City breaks its general government expenditures into six categories; general government, public safety highways and streets, health and welfare, culture and recreation and urban redevelopment and housing. Information is presented separately in the governmental fund balance sheet and m the governmental fund statement of revenues, expenditures, and changes, in fund balances for the general and park funds which are considered mayor funds and the capital projects fund which is presented separately for the purpose of consistency. Data for the other funds are combined into a single, .aggregated, presentation. Individual fund data for each of these non-major governmental funds is provided m the form of combining statements elsewhere in this report. Proprietary funds. The City of South Bend maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City maintains seven individual enterprise funds. Information is presented separately in the proprietary statement of net assets and the proprietary statement of revenues, expense and changes in fund net assets for the Water Utility, Wastewater Utility and Century Center which are considered major funds. Data from the other four funds are combined into a single, aggregated presentation. Individual fund data for each of these non- major proprietary funds is provided in the form of combining statements elsewhere in this report. Internal service funds are used to accumulate and allocate costs internally among the City's various functions. The City of South Bend uses internal service funds to account for its self funded liability insurance program, employee benefits program and central services ( a department that accounts for. the expenses related to fuel, vehicle repairs and various other services and supplies provided to City departments on acost-reimbursement basis). Because these services predominantly benefit governmental rather than business- type functions, they have been included within governmental activities in the government-wide financial statements but are combined into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided m the form of combining statements elsewhere in the report. Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statement because the resources of those funds are not available to support the City's own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The City's fiduciary duties are accounted for in both Trust and Agency Funds. The primary trust funds are the Police and Fire Pension Funds (explained below). The Agency Fund is for payroll and related employee deductions. Pension Trust Fund Operations - Most City employees are covered by the Public Employees Retirement Fund and the 1977 Police Officers' and Firefighters' Pension Fund, both administered by the State of Indiana. However, certain police officers and firefighters hired before May 1, 1977, who did not opt into the 1977 fund, continue to be members of the 1925 Police Pension Fund and the 1937 Firefighters' Pension Fund. These two funds are administered by the City. This group of police officers and firefighters will continue to decline in the future, both as a total number and as a percentage of total payroll of both the police and fire departments and of the City as a whole. The 1925 and 1937 Plans are funded through a combination of property taxes levied by the City and distributions from the State Pension Relief Fund. As a result of the requirements of the state statute that created these funds, the City is legally prevented from funding them in any other way than a "pay-as-you-go" basis. For December 31, 2001, the City received an actuarial survey on these funds to provide the proper disclosures required by generally accepted accounting principles. This information is included in the following section. Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. 6 Other information In addition to the basic financial statements and accompanying notes, this report also presents certain other supplementary information. The combining statements referred to earlier m connection with non-mayor funds, internal service funds and fiduciary funds are presented immediately after the basic financial statements. Also included are budget comparisons for governmental funds other than the General Fund and the Park and Recreation Fund, a major special revenue fund. Government-wide Financial Analysis As noted earlier, net assets may serve over time as a useful indicator of a overnment's financial position. At December 31, 2002, the City's assets exceeded liabilities by 186,911,387. By far the largest portion of the City's net assets reflects rts investment in capital assets, less any related debt used to acquire those assets that is still outstanding. Capital assets are used to provide services to citizens and they are not available for future spending. Although the investment in capital assets are reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these habilrties. This is the first year the City has produced government-wide financial statements using full accrual basis of accounting. and economic resources measurement focus. The following tables present condensed information on net assets and changes in net assets for the year. City of South Bend's Net Assets Governmental Business-Type Activities Activities Total Current and other assets $ 99,054,433 $ 37,313,622 $ 136,368,055 Capital assets 97,190,843 157,183,668 254,374,511 Total assets 196,245,276 194,497,290 390,742,566 Long-term liabilities 120,766,624 .55,554,721 176,321,345 outstanding Other liabilities 20,192,250 7,317,584 27,509,834 Total liabilities 140,958,874 62,872,305 203,831,179 Net assets: Invested in capital assets, net 31,654,852 49,514,614 81,169,466 of related debt Restricted 7,167,628 44,235,716 51,403,344 Unrestricted 16,463,922 38,062,786 65,192,896 Total net assets $ 55,286,402 $ 131,624,985 $ 186,911,387 At the end of the current fiscal year the City is able to report positive balances in all three categories of net assets, both for the government as a whole, as well as for its separate governmental and business-type activities. At year end the City's net assets were $186.9 million. This amount is made up of $81.1 invested m capital assets net of related debt, $51.4 of assets with external restrictions upon its use and $65.2 of unrestricted assets that are available for future use as directed by management. City of South Bend's Changes in Net Assets Governmental Business-type Activities Activities Total Revenues: Program Revenues: Charges for services 13,627,988 34,748,643 48,376,631 Operating grants and contributions 14,826,421 1,020,628 15,847,049 Capital grants and contributions 3,842,673 850,967 4,693,640 General Revenues: Property taxes 58,552,988 58,552,988 Other taxes 11,143,905 11,143,905 Grants and contributions not restricted to specific programs 4,989,809 4,989,809 Other Revenues 2,345,220 462,674 2,807,894 Total Revenues 109,329,004 37,082,912 146,411,916 Expenses: General government 18,940,766 18,940,766 Public safety 38,925,286 38,925,286 Highways and streets 10,359,307 10,359,307 Health and welfare 75,000 75,000 Culture and recreation 7,488,084 7,488,084 Urban redevelopment 16,670,062 16,670,062 Interest on long-term debt 3,988,586 3,988,586 Water 11,003,652 11,003,062 Wastewater 13,381,575 13,681,575 Civic center 3,395,569 3,395,569 Building department 1,038,341 1,038,341 Parking 1,378,563 1,378,563 Solid waste 3,715,963 3,715,963 Golf course 1,655,435 1,655,435 8 Total expenses 96,447,091 35,868,508 132,315,599 Increases in net assets before transfers 12,881,913 1,214,404 14,096,317 Special items (6,407,819) (6,407,819) Transfers (60,033) 60,033 Increase in net assets 6,414,061 1,274,437 7,688,498 Net. assets - 1/1/02 48,872,341 130,350,548 179,222,889 Net assets - 12/31/02 55,286,402 131,624,985 186,911,387 Financial Analysis of the Governments' Funds As noted earli~~ ~e City of Soul} Bed uses fund acc~}}nti~to enure a~d~~monstrato . coin Nance wit mance- relate a requirements. 1~ o e„~n s of a ity can be divided into hree' categories: government ~unds, proprietary fun s an i uciary s. Governmental funds. The purpose of the City's governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City's financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. At the end of the current fiscal year, the City's governmental funds reported a combined ending fund balance of $86,499,572. In the General Fund, the unreserved fund balance is $14,359,310. Individual fund data for each of the non-ma or governmental funds is provided in the form of the combining statements in the Supplemental 1nnformation portion. Proprietary funds. Enterprise funds are used to report the same functions resented as business-type activities in the government-wide financial statements. The C~ty maintains seven individual enterprise funds. The basic proprietary fund financial statements can be found on later on in this report. Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. The basic fiduciary funds financial statements can be found on later on in this report General Fund Budgetary Highlights The City adopts an annual appropriated budget for its general fund. The final budget was.greater than the original budget by $428,248. An amended original budget can be explained by either an encumbrance rollover or a current year budget overrun. The general fund budget is reviewed throughout the year and revised as needed with the approval of the City Council. At the end of the fiscal year the actual expenditures are projected and the budget is amended to prevent any budget overruns. The City tries to maintain within its original budget by increasing categories that will exceed budget while decreasing other categories to cover these overruns. If this transferring will not cover these expenditures then the City must appropriate from its fund balance. The ma ority of the $428,248 variances are from prior year encumbrance that rolled over and were a~ded to the original budget. The actual revenues are $650,949 over budget and expenditures are $3,131,643 under budget. The ma'onty of $650 thousand can be explained by a.reimbursement from a revenue bond in which t~e ~ty up-fronted some costs for a major capital project while the. funding for the bond 9 was taking place. The underspending of the expenditures has to do with certain capital expenditures that did not take place in 2002, although the City plans that these projects will be start in 2003. Part of these saving also can be attributed to the fact that the City budgets at full staff and not all positions were filled in 2002. In all, this saving provides evidence that the City's budget has been prepared on a conservative basis, and has provided adequate resources to fund services provided. All cities have limited resources and, thus, limited number of programs and services that can be provided. We are proud to say that we have done well in terms of maintaining a solid, financially sound organization by spending within our means. Capital Asset and Debt Administration Capital assets. The City's investment in capital assets for its governmental and business type activities at December 31, 2002 amounts to $246,809,669 (net of accumulated depreciatio )n . This investment in capital assets includes land, buildings, roads, improvements, service lines, automobiles and equipment, and street lights. A detailed notes of these cappital assets can be found in the Notes to the General Purpose Financial Statements (Note IV C). Major capital asset additions during the current fiscal year include the following: - Several ppolice and other vehicles were acquired for the General Government at cost of $1.8 mllion. -Major renovation to the Palais Royale ballroom at a cost of $5.9 million. - Various Park equipment and facilities upgrades at a cost of $570 thousand. - Northwest water tower installation at $ l . l million. Upgrade to Wastewater lagoon number one at $920 thousand Debt Administration. At December 31, 2002, the City had a number of debt issues outstanding. These issues included $2,085,000 of general obli ation bonds, $72,425,000 of revenue bonds payable from governmental funds $58,242,109 0~ revenue bonds pa able from enterprise funds and $1,453,247 of first mortgage ~ionds payable from governmental funds. Under the Indiana Constitution and state statute, the City's general obligation bonded debt issuances are subject to a legal limitation based upon 2% of total assessed value of real and personal property. Since Indiana's assessment statutes call for an assessed valuation of one-third of cost less depreciation, its general obligation debt limitation is one of the most conservative in the United States. A detailed listing of this debt can be found in the Notes to the General Purpose Financial Statements (Note IV G). A calculation of the City's legal debt limitation can be found in the statistical section of this document. Economic Factors and Next Year's Budgets and Rates As noted earlier, property taxes are the City's largest source of revenue. Under current legislation all Indiana cities must convert their assessed values from 33 %2 percent to 100 percent or market values in 2003. Under this new method all properties are being re-assessed to reflect the changes in values. Due to the current changes the City is anticipating that the 2003 tax distributions will be less than in previous due to tie fact that the potential for more appeals will be present. A new Sewer rate will be enacted in early 2003. The overall revenue enhancement with this rate increase will be 24 percent. These rates will be revised again in 2005 to assure that the municipal sewer system has sufficient revenue. One of the ma or capital pro ects in 2003 will be the renovation of the municipal service facility, (MSF), for $2~.5 million. ~e MSF houses all of the Police and part of the Fire departments. The renovation will convert this building into a. state of the art Police facility, while building a new facility for the Fire department central station. 10 Requests for Information This financial report is designed to provide a general overview of the City of South Bend's finances for all those with an interest m the government's finances. Questions concerning any of the information provided in this report or request for additional financial information should be addressed to the Controller's Office, 227 W. Jefferson, 14 fl, South Bend, IN 46601. 11 n ~a ~~°~~ ~ e ~~ ~o ~ ~ ~ ~ n~~ g p -~ ~~r~ W~ p ~ p mq ~~{V LVM~} LV ~~ r QP M T K r r r ~ w r Q~ ~, ~ T T r m r ~ A W ~ O Q N ~ 2 W j Z M LL O to ~ a H LL 2 y OWp y y } Fwd ~ d rn U Q ~ n ~ a~i ~ o c ~ c , o m o ~ ~ N a c ~ N w a Ow O c C 3 d p m ~ > U •~ N~ v N C ~ of N f6 ~ Q O .~ c d N d N N .~ ~ ~ > c N > (Q d E N N N E m y lC O L C • d C N N N tp N ~ N ty/1 7~ ~ ~ N U ay. ~' N .y. -O N d V N N d y 0 D N y~ y O` ry ~ a. o. ~ ~ U L O f0 > N N N N /0 r :O ~ y U w N 7 U d N ~ G t~ y _ N L~ . .. l0 0 C H Q C J E~ n y m N> l0 U C C F- Q C~ 'a J 0 ~ c~~ _ ~a~ oci °- ^N. 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N> O H O O t0 O `. N H U N N m Q U Z FO- O m Q Z Z Z ~ W - 00 ~ H ~ ~ - ~~ LL~ 0 U~ 27 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS Summary of Significant Accounting Policies A. Reporting Entity The City of South Bend (government) was established under the laws of the State of Indiana. The primary government operates under aCouncil-Mayor form of government and provides the following services: public safety (police and fire), highways and streets, health, welfare and social services, cul- ture and recreation, public improvements, planning and zoning, general administrative services, water, sewer, and urban redevelopment and housing. The accompanying financial statements present the activities of the primary government and its sig- nificant component units. The component units discussed below are included in the primary government's reporting entity because of the significance of their operational or financial relationships with the primary government. Blended component units, although legally separate entities, are in sub- stance part of the government's operations and exist solely to provide services for the government; data from these units is combined with data of the primary government. Blended Comaonent Units The South Bend Redevelopment Authority, a legally separate entity, is reported as if it were a part of the primary govemment because its sole purpose is to finance and construct buildings for use by the primary government. Financial statements for the Redevelopment Authority are available at the City Controller's Office, City of South Bend, 1400 County-City Building, South Bend, Indiana, 46601. The Friends of the College Football Hall of Fame, Inc., (Friends) is a legally separate nonprofit corpo- ration. This corporation is reported as if it were a part of the primary government because its sole purpose is to solicit donations for the benefit of the City's College Football Hall of Fame. Financial statements of the Friends are available at: 111 South St. Joseph Street, South Bend, Indiana, 46601. The Morris Entertainment, Inc., is also a legally separate nonprofit corporation. This organization is reported as if it were a part of the primary government because its main purpose is to solicit donations for the restoration and renovation of the City's Morris Civic Auditorium and the City's Palais Royale Ballroom. Financial statements for the Morris Entertainment, Inc., are available at: 211 North Michigan Street, South Bend, Indiana, 46601. The South Bend Building Corporation, Inc., is also a legally separate nonprofit corporation. This organization is reported as if it were a part of the primary government because its main purpose is to finance construction and remodeling of City buildings for the City of South Bend. Debt of the Building Corporation is repaid through lease payments from the City. Financial statements for the Building Corporation are available at the City Controller's Office. Related Organizations The primary government's officials are also responsible for appointing the members of the boards of other organizations, but the primary government's accountability for these organizations does not extend beyond making the appointments. The Mayor and the Common Council appoint the board members of the South Bend Housing Authority, South Bend Public Transportation Corporation (TRANSPO), Urban Enterprise Association, and the Special Funds Board of Managers. During 2002, the Special Funds Board of Mangers provided $1,020,628 to the City's Century Center and $433,185 to the City's College Football Hall of Fame, to finance operating costs. 28 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) B. Government-Wide and Fund Financial Statements Government-wide financial statements (i.e., the statement of net assets and the statement of changes in net assets) report information on all of the nonfiduciary activities of the government. For the most part, the effect of interfund activity has been removed from these statements. Governmental activi- ties, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. Like- wise, the primary government is reported separately from certain legally separate component units for which the government is financially accountable. The statement of activities demonstrates the degree to which direct expenses of a given function or segments are offset by program revenues. Direct expenses are clearly identifiable with a specific function or segment. Program revenues include (1) charges to customers or applicants who pur- chase, use or directly benefit from goods, services or privileges provided by a given function or seg- mentand (2) grants and contributions that are restricted to meeting the operational or capital require- ments of a particular function or segment. Taxes and other items not properly included among pro- gram revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting as are the proprietary fund and fiduciary fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of the related cash flows. Property taxes are recognized in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measure- mentfocus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collect- iblewithin the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the primary govemment considers revenues to be available if they are collected within sixty days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, asunder accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, claims and judgments, are recorded only when payment is due. Property taxes, licenses and permits, charges for services, and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when the govemment receives cash. The government reports the following major governmental funds: The general fund is the primary operating fund. It accounts for all financial resources of the general govemment, except those required to be accounted for in another fund. 29 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) The park and recreation fund is used to account for the operation of the City park system. Financing is provided by a specific annual property tax levy to the extent that user fees and mis- cellaneous revenues are insufficient to provide such financing. The government reports the following major proprietary funds: The water utility fund accounts for the operation of the government's water distribution system. The wastewater utility fund accounts for the operation of the government's wastewater treatment plant, pumping stations and collection systems. The Century Center accounts for the operation and maintenance of the City's convention center. Financing is received from various rental agreements and a subsidy from the St. Joseph County's Special Funds Board of Managers. Additionally, the government reports the following fund types: The internal service funds account for liability coverage, employee medical coverage, and central services such as fuel, vehicle repairs and various supplies provided to other departments on a cost-reimbursement basis. The pension trust funds account for the activities of the 1925 police and 1937 fire pension funds which accumulate resources for pension benefit payments. The private-purpose trust fund reports a trust arrangement under which income benefits cemetery maintenance. Agency funds account for assets held by the government as an agent for employee payroll, pen- sion, and payroll deductions. Private-sector standards of accounting and financial reporting issued prior to December 1, 1989, generally are followed in both the government-wide and proprietary fund financial statements to the extent that those standards do not conflict with or contradict guidance of the Governmental Account- ing Standards Board. Governments also have the option of following subsequent private-sector guidance for their business-type activities and enterprise funds, subject to this same limitation. The government has elected not to follow subsequent private-sector guidance. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are payments-in-lieu of taxes and payments of administrative costs. Elimination of these charges would distort the direct costs and program reve- nues reported for the various functions concerned. Amounts reported as program revenues include (1) charges to customers or applicants for goods, services or privileges provided, (2) operating grants and contributions, and (3) capital grants and contributions. Internally dedicated resources are reported as general revenues rather than as pro- gram revenues. Likewise, general revenues include all taxes. 30 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Proprietary funds distinguish operating revenues from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the enter- prisefunds are charges to customers for sales and services. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first, then unrestricted resources as they are needed. D. Assets, Liabilities and Net Assets or Equity 1 Deposits and Investments The government's cash and cash equivalents are considered to be cash on hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition. State statute (IC 5-13-9) authorizes the government to invest in securities, including but not limited to, federal government securities, repurchase agreements, and certain money market mutual funds. Certain other statutory restrictions apply to all investments made by local govern- mental units. Nonparticipating certificates of deposit, demand deposits and similar nonparticipating negotiable instruments that are not reported as cash and cash equivalents are reported as investments at cost. Debt securities are reported at fair value. Debt securities are defined as securities backed by the full faith and credit of the United States Treasury or fully insured or guaranteed by the United States or any United States government agency. Open-end mutual funds are reported at fair value. Money market investments that mature within one year or less at the date of their acquisition are reported at amortized cost. Other money market investments are reported at fair value. Investment income, including changes in the fair value of investments, is reported as revenue in the operating statement. 2. Interfund Transactions and Balances Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as "interfund receivables/payables -interfund loans (i.e., the current and non-current portion of interfund loans). All other outstanding balances between funds are reported as "interfund services provided/used." Advances between funds represent amounts other than services provided/used that are not due within one year. Any residual bal- ancesoutstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as "internal balances." 31 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) 3. Property Taxes Property taxes levied are collected by the County Treasurer and are distributed to the govemment in June and in December. State statutes (IC 6-1.1-17-16) require the Indiana Department of Local Government Finance to establish property tax rates and levies by February 15. These rates were based upon the preceding year's March 1 (lien date) assessed valuations adjusted for various tax credits. Taxable property is assessed at 33% of the true tax value (determined in accordance with rules and regulations adopted by the Indiana Department of Local Government Finance). Beginning March 1, 2003, property taxes will be assessed at 100% of the true cash value. Taxes maybe paid in two equal installments that become delinquent if not paid by May 10 and November 10, respectively. All property taxes collected by the County Treasurer and available for distribution were distributed to the government prior to December 31 of the year col- lected. Delinquent property taxes outstanding at year end for governmental and/or proprietary funds, net of allowances for uncollectible accounts, are recorded as a receivable. On the govern- mentfund financial statements the receivable is offset to deferred revenue since the amounts are not considered available. 4. Inventories and Prepaid Items All inventories are valued at cost using an average cost method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. 5. Restricted Assets Certain proceeds of the enterprise fund revenue bonds, as well as certain resources set aside for their repayment, are classified as restricted assets on the statement of net assets balance sheet because their use is limited by applicable bond covenants. 6. Capital Assets Capital assets, which include property, plant, equipment and infrastructure assets (e.g., roads, bridges, sidewalks and similar items), are reported in the applicable governmental or business- type activities column in the government-wide financial statements. Capital assets are reported at actual or estimated historical cost based on appraisals or deflated current replacement cost. Contributed or donated assets are reported at estimated fair value at the time received. Capitalization thresholds (the dollar values above which asset acquisitions are added to the capi- tal asset accounts), depreciation methods and estimated useful lives of capital assets reported in the government-wide statements and proprietary funds are as follows: 32 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Estimated ~~~'~~ I;, ~ ~ Useful Life _ _ ~ , , , , (Years) Buildings and improvements $ 50,000 Straight-Line 20 to 30 Equipment 5,000 Straight-Line 5 to 20 Roads -collectors and residential 3,000,000 Straight-Line 40 to 50 Water collection systems 500 Straight-Line 6 to 100 Wastewater distribution and collection systems 1,000 Straight-Line 6 to 100 The government has not implemented retroactive reporting of its infrastructure as of December 31, 2002. For depreciated assets, the cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest incurred during the construction phase of capital assets of business-type activities is included as part of the capitalized value of the assets constructed. The total interest expense incurred by the government in its business-type activities during the current year was $2,375,393. Of the amount $5,910 and $56,754 was included as part of the cost of capital assets under construction in connection with the water utility's elevated tank and with the wastewater utility's share of the new public works service center, respectively. 7. Compensated Absences a. Sick Leave -City employees earn eight days sick leave per year after one full year of employ- ment. Sick leave may accumulate to a maximum of ninety days for policemen, one hundred days for firemen, sixty days for teamsters, and sixty-five days for all other employees. Accumulated sick leave is paid to firemen upon termination of employment atone-half their current pay rate. Accumulated sick leave is also paid to policemen upon retirement at a rate of one-half the corporal's rate of pay up to a maximum of sixty days. Employees under the teamsters' contract may receive $25 for each accumulated sick leave day at the time of retirement. b. Vacation Leave -City employees earn vacation leave at rates from nine totwenty-eight days per year based upon the number of years of service. Vacation leave does not accumulate from year to year. Unused vacation leave is paid to employees upon termination of employ- ment. Employees earn vacation leave during the year to be used the following year. c. Compensatory Leave -Policemen and firemen have accumulated overtime-compensatory leave for a variety of reasons. d. Personal Leave -City policemen earn personal leave at the rate of seven days per year. Personal leave does not accumulate from year to year. Unused personal leave may be rolled into sick leave. City employees under the teamster contract can use their sick leave for personal leave. A liability is recognized in the government-wide financial statements and proprietary fund types for sick leave of firemen, unused vacation leave for City employees, and for compensatory leave for policemen and firemen. 33 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) 8. Long-Term Obligations In the government-wide financial statements and proprietary fund types in the fund financial state- ments, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities or proprietary fund type statement of net assets. Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount and net of gain or loss on advance refunding. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt. In the fund financial statements, governmental fund types recognize bond premiums and dis- counts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuance are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from actual debt proceeds received, are reported as debt service expenditures. 9. Fund Equity In the fund financial statements, governmental funds report reservations of fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Designations of fund balance represent tentative management plans that are subject to change. II. Reconciliation of Government-Wide and Fund Financial Statements A. Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government-Wide Statement of Net Assets The governmental fund balance sheet includes a reconciliation between fund balance -total govern- mentalfunds and net assets -governmental activities as reported in the government-wide statement of net assets. The details of two of the elements are as follows: Prepaid expenses Deferred debits $ 126,248 1,081,308 Net adjustment, other long-term assets not available to pay for current-period expenditures $ 1,207,556 34 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Deferred revenues Bonds payable Less: Deferred charge on refunding (to be amortized as interest expense) Less: Issuance discount (to be amortized as interest expense) Capital leases payable Notes payable Net pension obligation Accrued interest payable Compensated absences payable Net adjustment, long-term liabilities not due and payable in the current period $ 9,066,584 (74,825,497) 380,665 571,090 (3,455,652) (8,172,424) (40,669,182) (1,782,387) (3,250,398) $ (122,137,201) B. Explanation of Certain Differences Between the Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balances and the Government-Wide Statement of Activities The governmental fund statement of revenues, expenditures, and changes in fund balances includes a reconciliation between net changes in fund balances -total governmental funds and changes in net assets governmental activities as reported in the government-wide statement of activities. The details of two of the elements are as follows: Capital outlay $ 15,196,355 Depreciation expense (3,704,636) The amount. by which capital outlays exceeded depreciation expense in the current period $ 11,491,719 Long-term debt incurred during the current period: Revenue bonds Loans Capital leases Bond issue costs on revenue bonds Bond discount on revenue bonds Principal debt payments: Revenue bonds Loans Capital leases Amortization expenses The amount of the net effect of differences in the treatment of long-term debt and related items $ (6,620,000) (5,462,906) (755,000) 150,221 66,200 4,883,106 330,482 771,249 (202,162) $ (6,838,810) 35 C[TY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) III. Stewardship, Compliance and Accountability A. Budgetary Information Annual budgets are adopted on the cash basis which is not consistent with accounting principles generally accepted in the United States. All annual appropriations lapse at fiscal year end. On or before August 31, the City Controller submits to the Common Council a proposed operating budget for the year commencing the following January 1. Prior to adoption, the budget is advertised and public hearings are conducted by the Common Council to obtain taxpayer comments. In Septem- ber ofeach year, the Common Council through the passage of an ordinance approves the budget for the next year. Copies of the budget ordinance and the advertisement for funds for which property taxes are levied or highway use taxes are received are sent to the Indiana Department of Local Gov- ernment Finance. The budget becomes legally enacted after the City Controller receives approval of the Indiana Department of Local Government Finance. The government's management cannot transfer budgeted appropriations between object classi- fications of abudget without approval of the Common Council. The Indiana Department of Local Gov- ernment Finance must approve any revisions to the appropriations for any fund or any department of the General Fund. The legal level of budgetary control is by object and department within the fund for the General Fund and by object within the fund for all other budgeted funds. Expenditures did not exceed appropriations for any funds or any departments within the General Fund or within the Park and Recreation Fund which required legally, approved budgets. B. Deficit Fund Equity At December 31, 2002, the following funds reported deficits in fund equity: Deficit Governmental funds: Studebaker Oliver Revitalization Grants $ (250,313) Football Hall of Fame Operating (1,747,692) Enterprise funds: Blackthorn Golf Course (694,417) Internal service funds Self-Funded Employee Benefits (825,480) Fund equity deficits arose primarily from expenditures or expenses exceeding revenues due to the underestimate of fund requirements. It is anticipated that these deficits will be repaid from future reve- nues. IV. Detailed Notes on All Funds A. Deposits and Investments Deposits, made in accordance with IC 5-13, with financial institutions in the State of Indiana at year end were entirely insured by the Federal Depository Insurance Corporation or by the Indiana Public Deposit Insurance Fund. This includes any deposit accounts issued or offered by a qualifying finan- cial institution. 36 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) The government's investments are categorized below to give an indication of the level of risk assumed by the primary government at year end. Category 1 includes investments that are insured or registered or for which the securities are held by the primary government or its agent in the gov- ernment's name. Category 2 includes uninsured and unregistered investments for which the securi- ties are held by the counterparty's trust department or agent in the government's name. Category 3 includes uninsured and unregistered investments for which the securities are held by the counterparty, or by its trust department or agent but not in the government's name. U.S. Government securities B. Receivables The following receivable accounts have timing and credit characteristics different from typical accounts receivable. As of December 31, 2002, City funds recognized the following loan receivable balances. The schedule shows the total receivable and the portion that is not due within one year. These loans were for economic development projects. Fund Receivable Noncurrent Special Revenue Funds: Economic Development State Grants Community Development Urban Development Action Grant Industrial Revolving Capital Projects Funds: TIF -Sample/Ewing $ 4,819,518 $ 4,405,210 2,346,863 2,123,400 502,886 349,815 5,116,841 2,912,017 141,741 132,000 Totals C. Capital Assets Capital asset activity for the year ended December 31, 2002, was as follows: 37 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Governmental activities: Capital assets, not being depreciated: Land Construction in progress Total capital assets, not being depreciated Capital assets, being depreciated: Buildings Improvements other than buildings Machinery and equipment Roads being depreciated Totals Less accumulated depreciation for: Buildings Improvements other than buildings Machinery and equipment Totals, Total capital assets, being depreciated, net Total governmental activity capital assets, net Beginning Ending Balance Increases Decreases Balance ~.~.. ,..~ ....~..a . 18,330,771 51,768,071 8,640,689 2,115,746 58,293,014 8,471,480 504,565 107,210 8,868,835 38,389,729 2,111,387 1,656,055 38,845,061 - 468,310 - 468,310 98,629,280 11,724,951 3,879,011 106,475,220 14,733,290 1,605,382 1,651,062 14,687,610 3,534,914 384,235 408,043 3,511,106 16,975,665 1,825,515 1,819,906 16,981,274 35,243,869 3,815,132 3,879,011 35,179,990 63,385,411 7,909,819 71,295,230 $10,281,670 $89,626,001 38 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Beginning Ending Balance Increases Decreases Balance Business-type activites: Capital assets, not being depreciated: Land Construction in progress ~ :. + . M ~~ ;,~~=. ° " ~~ 3 ~ ~ ~ ~ ~ : , . . Total capital assets, not being depreciated 33,488,239 6,842,179 6,788,679 33,541,739 Capital assets, being depreciated: Buildings 77,736,521 4,564,903 256,561 82,044,863 Improvements other than buildings 66,176,282 2,859,430 288,549 68,747,163 Machinery and equipment 39,212,386 1,335,418 1,148,714 39,399,090 Totals ~~ ~ ~ ::~`',. 1,693,824 190,191,116 Less accumulated depreciation for: Buildings 24,723,873 1,964,603 207,692 26,480,784 Improvements other than buildings 13,336,628 1,464,172 165,632 14,635,168 Machinery and equipment 24,314,594 2,053,872 935,231 25,433,235 Totals 62,375,095 5,482,647 1,308,555 66,549,187 Total capital assets, being depreciated, net 120,750,094 3,277,104 385,269 123,641,929 Total business-type activity capital assets, net $154,238,333 $ 10,119,283 $ 7,173,948 $157,183,668 Depreciation expense was charged to functions/programs of the primary government as follows: 39 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Governmental activities: General government $ 154,808 Public safety 1,218,180 Public works, including depreciation of general infrastructure assets 612,043 Health and sanitation 29,270 Culture and recreation 1,680,990 Community development 9,345 Internal service funds" 110,496 Total depreciation expense -governmental activities $ 3,815,132 Business-type activities: Water $ 1,344,337 Wastewater 3,107,789 Civic center 597,933 Building permits 20,343 Parking garage 202,163 Solid Waste 63,507 Golf course 146,575 Total depreciation expense -business-type activities $ 5,482,647 "Capital assets held by the government's internal service funds are charged to the various functions based on their usage of the assets. D. Construction Commitments Construction work in progress is composed of the following: Total Expended to Required Project December 31, Future Project Authorized 2002 Committed Funding Governmental activities: Construction of Elder-Paris Park Palais Royale restoration Public Safety Building Michigan Street curb and sidewalk St. Joseph Riverdam improvements Riverside bikeway/walkway Century center improvements Totals -Governmental $ 1,352,700 $ 186,373 $ 1,166,327 $ 6,231,766 6,150,621 81,145 2,000,000 728,813 1,271,187 218,970 92,792 126,178 1,500,000 1,111,168 388,832 225,000 211,897 13,103 63,422 32,609 30,813 $ 11,591,858 $ 8,514,273 $ 3,077,585 $ 40 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Project Business-type activities: Water Utility Elevated tank Olive pumping station Other projects Wastewater Utility Headworks Secondary clarifer Secondary improvements Lagoon # 1 Organic Resources Blower and engine Other projects Century Center Energy Management Totals -Business-type E. Interfund Balances and Activity Due From 1. Interfund Receivables and Payables The composition of interfund balances as of December 31, 2002, is as follows: Due To Governmental funds: General Major Nonmajor Enterprise funds: Major Nonmajor Internal service Totals Governmental Funds Major Internal General Total Expended to Project December 31, Authorized 2002 Committed Required Future Funding $ 2,159,242 $ 2,159,242 $ - $ 1,165,780 255,437 910,343 1,954,084 567,362 1,386,722 13,146,600 12,917,107 229,493 6,809,654 6,795,270 14,384 2,846,800 279,565 2,567,235 2,215,355 1,107,529 1,107,826 2,314,700 2,285,599 29,101 6,092,525 4,576,906 1,515,619 715,000 178,750 536,250 $ 39,419,740 $ 31,122,767 $ 8,296,973 $ - Major Nonmajor Enterprise Service Total $ - $ 3,673 $ 1,837,635 $ 324,022 $ 192,109 $ 2,357,439 2,611 - - 95 24,269 26,975 141,904 - 517,925 41,581 4,703 706,113 7,829 - 1,610 74,649 84,088 1,818,549 288,500 216 50,333 2,157,598 468,851 - 208 5 469,064 $ 2,439,744 $ 3,673 $ 2,644,060 $ 367,732 $ 346,068 $ 5,801,277 Interfund balances resulted from the time lag between the dates that (1) Interfund loans are repaid, (2) Interfund goods and services are provided or reimbursable expenditures occur, (3) transactions are recorded in the accounting system and (4) payments between funds are made. 41 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) 2. Interfund Transfers Interfund transfers at December 31, 2002, were as follows: Transfer To _ General Nonmajor Intenal Transfer From Fund Governmental Service Total General $ - $ 737,527 $ - $ 800,000 $1,537,527 Major Governmental - 88,278 - - 88,278 Nonmajor Governmental 265,953 5,755,073 77,500 - 6,098,526 Nonmajor Enterprise ~ 17,467 - - 17,467 Total $ 265,953 $ 6,598,345 $ 77,500 $ 800,000 $7,741,798 The government typically uses transfers to fund ongoing operating subsidies and to transfer the portion of state-shared revenues from the general fund to the debt service fund for current-year debt service requirements. F. Leases ~ Operating Leases The govemment has entered into various operating leases having initial or remaining noncancel- ableterms exceeding one year for telephone services, vehicles, and office space. Rental expen- ditures paid during 2002 for these leases were $196,948. The following is a schedule by years of future minimum rental payments as of December 31, 2002: 2003 $ 182,840 2004 78,302 2005 44,919 2006 25,399 Total $ 331,460 2. Capital Leases The government has entered into various capital leases for fire equipment, an ambulance, golf course equipment, a softball complex, and a parking garage. The parking garage capital lease is being repaid from governmental funds. Future minimum lease payments and present values of the net minimum lease payments under these capital leases as of December 31, 2002, areas fol- lows: 42 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) 2003 2004 2005 2006 2007 2008-2012 2013-2017 Total minimum lease payments Less amount representing interest Present value of net minimum lease payments Governmental Activities Business-Type Activities $ 765,567 $ 272,337 685,560 204,453 552,272 151,841 458,607 - 364,202 1,000,000 600,000 4,426,208 628,631 970,556 50,176 $ 3,455,652 $ 578,455 Assets acquired through capital leases still in effect are as follows: Buildings Improvements other than buildings Machinery and equipment Governmental Business-Type Activities Activities $ - $ 1,960,044 587,801 - 944,218 1,088,594 1,532,019 3,048,638 Accumulated depreciation G. Long-Term Liabilities General Obligation Bonds 760,374 875,569 $ 771,645 $ 2,173,069 The government issues general obligation bonds to provide funds for the acquisition and con- struction of major capital facilities. General obligation bonds are direct obligations and pledge the full faith and credit of the govern- ment. General obligation bonds currently outstanding at year end are as follows: Ti~re~t : a0rig~nel, Purpose `7':+=- .. . ;fie - ~~- '?1~f3'tlr-~~ . . 1997 Redev~alopment District Refunding 4.0%to 5.1% $ 4,750,000 $ 2,085,000 43 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) General obligation bonds at year end include the following amounts of unamortized bond dis- count: Balance at Unamortized Adjusted Purpose December 31 Discount Balance 1997 Redevelopment District Refunding $ 2,085,000 $ 12,931 $ 2,072,069 Annual debt service requirements to maturity for general obligation bonds are as follows: Year Ended Governmental Activities December 31 Principal Interest 2003 $ 560,000 $ 96,260 2004 590,000 68,875 2005 615,000 39,445 2006 320,000 8,160 Total $ 2,085,000 $ 212,740 2. Mortgage Bonds Mortgage Bonds outstanding at year end are as follows: Interest Original Outstanding Purpose Rates Issue 12/31/02 Governmental Activities 1999A Fire Station 5% $ 1,388,858 $ 873,094 1999B New Roof 5% 490,000 228,108 1999C O'Brien Center 5% 570,000 352,045 2001 Public Works Service Center 4.63% to 5.3% 8,112,250 8,112,250 Total -Governmental Activities $ 10,561,108 $ 9,565,497 Business-Type Activities 2001 Public Works Service Center 4.63% to 5.3% :~,=. ~ ~~~:_ 44 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Mortgage bonds at year end include the following amounts of unamortized bond discount: Purpose Governmental Activities 2001 Public Works Service Center $ 8,112,250 $ 75,038 $ 8,037,212 Business-Type Activities 2001 Public Works Service Center $ 1,137,750 $ 11,969 $ 1,125,781 Mortgage debt service requirements to maturity are as follows: Year Erided Governmental Activities Business-Ty pe Activities December 31 Principal Interest Principal Interest 2003 $ 631,895 $ 468,306 $ 38,745 $ 55,858 2004 663,493 436,782 40,590 54,024 2005 696,052 403,688 42,435 52,104 2006 641,372 370,115 43,665 102,217 2007 324,490 342,604 45,510 48,050 2008-2012 1,868,010 1,461,382 261,990 204,960 2013-2017 2,359,130 945,791 330,870 132,648 2018-2022 2,381,055 260,737 333,945 36,569 Totals ~ `. ~' S~ ~':~ :r ,- ; 5 - - 3. Revenue Bonds The government issues bonds to be paid by income derived from the acquired or constructed assets. Revenue bonds outstanding at year end are as follows: 45 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) ~~ - ~ "' ~ ~ Purpose .~ .. "~ .. ~ ~~ . ,y,• .. .... ..,..e.. Governmental Activities Tax Incremental Financing Revenue Bonds: 1988 1992 2002 TJX Special Taxing District Redevelopment Authority Revenue Bonds: 1990 South Bend Central Development Area 1992 Parking Facilities Refinancing 1993 Airport Development Area Refinancing 1996 Central Development Area Refinancing 1997 Airport Development Area Refinancing 1998 Morris Performing Arts Center 2000 Hall of Fame Refinancing 2001 Century Center Refinancing CEDIT Revenue Bonds: 1997 Series A -Tax Exempt 1997 Serise B -Taxable Total Governmental Activities 6.8% to 7.75% $ 1,800,000 5.3% to 5.8% 4,760,000 3.0% to 4.75% 6,620,000 6.6% to 7.3% 3.25% to 6.3% 4.2% to 7.4% 4.0% to 5.85% 4.0% to 5.6% 4.5% to 5.1 4.45% to 6.0% 2.9% to 5.0% 4,895,000 4,095,000 4,905,000 3,790,000 2,540,000 13,300,000 15,370,000 6,825,000 3.9% to 5.55% 6.0% to 7.25% Business-Type Activities 1993 Water Works Improvement 1997 Water Works Improvement 2002 Water Works Improvement 2001 Sewage Works Refinancing 1998 Blackthorn Golf Course Refinancing $ 1,075,000 1,275,000 6,620,000 225,000 2,025,000 3,445,000 3,680,000 1,905,000 11, 720, 000 14,590,000 6,505,000 6,450,000 5,430,000 5,420,000 4,680,000 $ 80,770,000 $ 63,175,000 3.4% to 5.1% $ 5,100,000 2,680,000 4.35% to 4.75% 22,500,000 16,050,000 3.5% to 5.0% 5,975,000 5,975,000 3.0% to 4.25% 5,240,000 4,585,000 3.25% to 4.8% 6.135.000 5.385.000 Total Business-Type Activities $ 44,950,000 $ 34,675,000 Revenue Bonds at year end include the following amounts of unamortized bond discount and loss of advance refunding of debt: 46 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Unamortized Unamortized Balance at Discount Loss (Gain) on Adjusted Purpose December 31 (Premium) Refunding Balance Governmental Activities Tax Incremental Financing Revenue Bonds: 1988 1992 2002 TJX Special Taxing District Redevelopment Authority Revenue Bonds: 1990 South Bend Central Development Area 1992 Parking Facilities Refinancing 1993 Airport Development Area Refinancing 1996 Central Development Area Refinancing 1997 Airport Development Area Refinancing 1998 Morris Performing Arts Center 2000 Hall of Fame Refinancing 2001 Century Center Refinancing CEDIT Revenue Bonds: 1997 Series A -Tax Exempt 1997 Series B -Taxable Total Governmental Activities Business-Tvoe Activities 1993 Water Works Improvement 1997 Water Works Improvement 2002 Water Works Improvement 2001 Sewage Works Refinancing 1998 Blackthorn Golf Course Refinancing Total Business-Type Activities $ 1,075,000 $ 6,603 $ - $ 1,068,397 1,275,000 12,657 - 1,262,343 6,620,000 66,200 - 6,553,800 225,000 6,589 218,411 2,025,000 19,450 2,005,550 3,445,000 35,523 3,409,477 3,680,000 6,806 3,673,194 1,905,000 15,223 - 1,889,777 11,720,000 101,500 - 11,618,500 14,590,000 53,497 (15,571) 14,552,074 6,505,000 52,995 396,236 6,055,769 5,430,000 42,450 - 5,387,550 4,680,000 63,628 - 4,616,372 $ 63,175,000 $ 483,121 $ 380,665 $ 62,311,214 $ 2,680,000 $ 8,169 $ - 2,671,831 16,050,000 59,502 - 15,990,498 5,975,000 49,494 - 5,925,506 4,585,000 (98,676) 146,505 4,537,171 5,385,000 44,943 215,229 5,.124,828 Revenue bonds debt service requirements to maturity are as follows: a~ CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Year Ended Governmental Activities December 31 Principal Interest 2003 $ 3,865,000 $ 3,168,248 2004 4,100,000 3,049,642 2005 4,340,000 2,833,257 2006 3,595,000 2,631,072 2007 3,985,000 2,441,881 2008-2012 21,115,000 8,976,856 2013-2017 18,930,000 3,562,005 2018-2022 3,245,000 301,651 2023-2027 - - Business-Type Activities Principal Interest $ 1,010,000 3,140,000 3,325,000 3,475,000 3,630,000 15,530,000 2,145,000 1,960,000 460,000 $ 995,735 1,478,003 1,343,606 1,194,423 1,037,787 2,833,092 796,150 369,090 11,500 ~~ ,. Totals _ B,9$+l,Sj ~~ ~`~~ ~E3 4. Notes and Loans Payable The government has entered into various notes and loans. Annual debt service requirements to maturity for the notes, including interest of $2,191,560 and $9,278,223, for governmental and business-type activities, respectively, are as follows: Governmental Business-Like Activities Activities 2003 $ 749,109 $ 1,858,886 2004 1,035,521 2,023,891 2005 1,078,540 2,036,053 2006 1,084,576 1,919,788 2007 874,867 1,920,083 2008-2012 4,116,558 9,612,353 2013-2017 958,116 9,613,278 2018-2022 466,697 2,293,649 Totals $ 10,363,984 $ 31,277,981 5. Changes in Long-Term Liabilities Long-term livability activity for the year ended December 31, 2002, was as follows: 48 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Governmental activities: Bonds payable: General obligation Revenue Mortgage Total bonds payable Notes and loans payable Capital leases Compensated absences Net pension obligation Total governmental activities Long-term liabilities - ~ T''s; ~' = it e+ ~ ;wt'`''n° _ .:. tip, :: .•q. .,Y,:. 73,088,603 6,620,000 4,883,106 74,825,497 5,056,894 3,040,000 5,462,906 330,482 8,172,424 401,730 3,471,901 755,000 771,249 3,455,652 591,653 632,332 13,569 - 645,901 35,345,000 5,324,182 - 40,669,182 $ 115,577,836 $ 18,175,657 $ 5,984,837 $ 127,768,656 $ 6,050,277 Beginning Balance Additions Reductions Ending Balance Due Within One Year Business-type activities: Revenue bonds payable: Water Utility $ 20,485,000 $ 5,975,000 $ 1,755,000 $ 24,705,000 $ - Wastewater Utility 5,240,000 655,000 4,585,000 680,000 Blackthorn 5,655,000 - 270,000 5,385,000 330,000 Total revenue bonds payable 31,380,000 5,975,000 2,680,000 34,675,000 1,010,000 Mortgage bonds payable 1,137,750 - - 1,137,750 - Capital lease payable 814,025 - 235,570 578,455 243,136 Notes and loans payable 22,411,957 741,849 1,154,048 21,999,758 1,181,625 Total business-type activities Long-term liabilities $ 55,743,732 $ 6,716,849 $ 4,069,618 $ 58,390,963 $ 2,434,761 Compensated absences for governmental activities typically have been liquidated from the general fund. H. Restricted Assets The balances of restricted asset accounts in the enterprise funds are as follows: 49 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Cash, cash equivalents, and investments Repair fund $ 171,070 Customer deposits 1,175,410 Revenue bond operations and maintenance account 7,805,576 Capital outlay accounts 14,087,383 Capital outlay accounts -investments 847,351 Repair fund receivable 125,485 interest receivable 14,565 Total restricted assets $ 24,226,840 Gain on Sale/Leaseback of Leighton Parking Garage During 2000, the City completed construction ofthe Leighton Parking Garage and capitalized the cost of the garage, $11,439,712, in the Parking Garage Fund, an enterprise fund. On December 1, 2000, the City sold the garage to the South Bend Transportation Company (TRANSPO) for $3,000,000 as part of asale/leaseback agreement. The proceeds were receipted into the County Option Income Tax Fund. This fund is also making the future lease payments to TRANSPO. The present value of the lease, $1,960,044, is the new basis for the parking garage. As part of this sale/leaseback, the Parking Garage Fund recognized a deferred loss of $8,439,712, which is being amortized over the fifteen year life of the lease. J, Property Held For Resale The City's Redevelopment Commission has purchased properties in blighted areas for redevelopment and subsequent resale. At December 31, 2002, the market value of these properties was not known. These properties are recognized as assets in the funds that purchased the property. K. Restatements and Reclassifications For the year ended December 31, 2002, certain changes have been made to the financial statements to more appropriately reflect financial activity of the government. The following schedule presents a summary of restated beginning fund equity balances. Prior period adjustments represent corrections to redevelopment properties held for resale, recognizing a capital asset previously recognized in the general fixed assets account group, restating lives of fixed assets for the Blackthorn Golf Course, deleting assets under $5,000 for the Blackthorn Golf Course, and reporting water repair fund as part of the Water Utility instead of the Wastewater Utility. 50 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Balance Balance as Reported Prior as Restated December 31 Period January 1, Fund Type 2001 Adjustments 2002 Non-Major Governmental Capital Projects Major Enterprise Funds: Water Utility Wastewater Utility Non-Major Enterprise Funds: Consolidated Building Solid Waste Blackthorn Golf Course Internal Service $ 30,537,168 $ (150,000) $ 30,387,168 33,126,779 (58,857) 33,067,922 68, 780, 096 187, 351 68, 967,447 346,485 14,862 361,347 902,197 19,754 921,951 (32,285) (686,030) (718,315) 991,385 1,410,655 2,402,040 The general fixed assets as previously reported at December 31, 2001, have been reduced from $114,037,367 to $113,952,625, which is the beginning balance of the governmental activities' capital assets. This $84,742 reduction is a result of adjustments to correct previously reported balances. V. Other Information A. Risk Management The government is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; job related illnesses or injuries to employees; medical benefits to employees, retirees, and dependents; and natural disasters. The risks of torts; theft of, damage to, and destruction of assets, and natural disasters are covered by commercial insurance from independent third parties. Settled claims from these risks have not exceeded commercial insurance coverage for the past three years. There were no sig- nificant reductions in insurance by major category of risk. Liability Insurance The government has chosen to establish a risk financing fund for risks associated with job related illnesses or injuries to employees, automobile liability, and comprehensive liability. The risk financing fund is accounted for in the Liability Insurance Premium Reserve Fund, an internal serv- icefund,) where assets are set aside for claim settlements. An excess policy through commercial insurance covers individual claims in excess of $250,000 per year for job related illnesses or injuries to employees, of $50,000 per year for police autos and $100,000 for other autos' auto- mobileliability, and $50,000 for comprehensive liability. Settled claims resulting from this risk did not exceed commercial insurance coverage in the past three years. A premium is charged to each fund based on a study of paid claims and based on the number of employees and percent of the total budget. Provisions are also made for unexpected and unusual claims. 51 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Claim expenditures and liabilities of the fund are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. These losses include an esti- mate of claims that have been incurred but not reported (IBNRs). Claim liabilities are calculated considering the effects of inflation, recent claim settlement trends including frequency and amounts of pay outs and other economic and social factors. Changes in the balance of claim liabilities during the past two years are as follows: 2001 2002 Unpaid claims, beginning of fiscal year $ 48__1;' ~ ~'~i'.::: ;.t ..;: . Incurred claims and changes in estimates ~ 1.. `~ 'I; - Claim payments 1 ' ~'",;.1f Unpaid claims, end of fiscal year $ 486,211 $ 343,876 ~~ Group Health Insurance The government has chosen to establish a risk financing fund for risks associated with medical benefits of employees and their covered dependents.. The risk financing fund is accounted for in the Self-Funded Employee Benefits Fund, an internal service fund, where assets are set aside for benefit costs. An excess policy through commercial insurance covers individual claims in excess of $100,000 per year. Settled claims resulting from this risk did not exceed commercial insurance coverage in the past three years. A premium is charged to each fund based on the number of employees and estimated costs exceeding the employees' contributions. Provisions are also made for unexpected and unusual claims. Claim expenditures and liabilities of the fund are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. These losses include an estimate of claims that have been incurred but not reported (IBNRs). Claim liabilities are cal- culated considering the effects of inflation, recent claim settlement trends including frequency and amounts of pay outs and other economic and social factors. Changes in the balance of claim liabilities during the past two years are as follows: 2001 2002 Unpaid claims, beginning of fiscal year $ 831,181 $ 676,761 Incurred claims and changes in estimates 7,571,217 8,728,441 Claim payments 7,725,637 8,476,072 Unpaid claims, end of fiscal year $ 676,761 $ 929,130 52 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) B. Subsequent Events On March 21, 2003, the City's Redevelopment Commission approved Resolution 1965, which authorizes the sale of bonds not to exceed $13,000,000. The proceeds will be used to finance infrastructure costs in an economic development area. The bonds shall be repaid solely from taxes on real property located in the redevelopment area (tax increment). On April 28, 2003, the Common Council approved Ordinance 9415-03, which authorized the execution of a lease for the construction and equipping of a new fire station and renovation of the police station. The costs will be financed through the sale of bonds, not to exceed $26,000,000, by anot-for-profit building corporation. The City pledges county option income tax revenues to the payment. of the debt. City officials are in the process of authorizing temporary loan tax anticipation time warrants not to exceed $53,599,553. These warrants will be repaid during 2003 from tax distributions to be received. During 2003, the County will be unable to distribute taxes in a timely manner because of delays with reassessments. C. Contingent Liabilities College Football Hall of Fame Operations The City's General Fund has advanced a total of $1,750,000 to the College Football Hall of Fame Fund in various amounts during the years from 1996 to 1999. The City has always recognized that these advances would be repaid from excess operating revenues of the Hall of Fame. No payment schedule has been established. Beginning with 1996, the first full year of operations, through 2000, the Hall of Fame financial statements show net losses ranging from $521,345 to $1,481,657. During 2001, the City turned over the operations of the Hall of Fame to the National Football Foundation and College Football Hall of Fame, Inc. (NFF). The interim agreement authorizing the NFF to operate the Hall of Fame shows that NFF has contributed $1,900,000 to cover operating deficits of the Hall of Fame during the period prior to December 31, 2000. The interim agreement is in effect until December 31, 2005. At that time, the NFF can terminate their participation in the operations and the City shall reimburse the NFF the full amount of the NFF contributions towards operations. The reimbursement will be made in five annual install- ments beginning December 31, 2005. If the NFF elects to continue their participation, then the City will resume operating the Hall of Fame as it had done from 1996 to 2001. The $1,900,000 contingent liability to the NFF is not recognized on the financial statements. Protect Future The Common Council approved Resolution 3037-02 in which the City pledges support to Project Future through the year 2006. Project Future promotes the City for economic development purposes. The City has committed $110,000 for each year from 2003 through 2006 contingent upon the fiscal condition of the City. 53 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Lawsuits There are several lawsuits pending in which the City is involved. The City Attorney estimates that the potential claims against the City exceed $2,000,000. These lawsuits are at various stages of court proceedings. D. Conduit Dek-t Obligation From time to time, the government has issued industrial revenue bonds to provide financial assistance to private-sector entities for the acquisition and construction of industrial and com- mercial facilities deemed to be in the public interest. The bonds are secured by the property financed and are payable solely from payments received on the underlying mortgage loans. Upon repayment of the bonds, ownership of the acquired facilities transfers to the private-sector entity served by the bond issuance. Neither the government, the State, nor any political subdi- vision thereof is obligated in any manner for the repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of December 31, 2002, there were eighty-four series of industrial revenue bonds outstanding. The aggregate principal amount payable for seven series issued after July 1, 1995, was $24,491,555. The aggregate principal amount payable for the seventy-seven series issued prior to July 1, 1995, could not be determined; however, their original issue amounts totaled $164,989,215. E, Postemployment Benefits In addition to the pension benefits described below, the government provides postemployment healthcare benefits, as authorized by IC 5-10-8, to retired police officers and firefighters who reach normal retirement age while working for the City. Currently, 97 retirees meet these eligibil- ity requirements. The retirees must pay the employee and employer assessments to remain eli- gible.. During the year ended December 31, 2002, expenditures of $245,483 were recognized for postemployrnent benefits. F. Pension Plans 1 Agent Multiple-Emplover and Single-Emplover Defined Benefit Pension Plans a. Public Employees' Retirement Fund Plan Description The government contributes to the Indiana Public Employees' Retirement Fund (PERF), a defined benefit pension plan. PERF is an agent multiple-employer public employee retirement system, which provides retirement benefits to plan members and beneficiaries. All full-time employees are eligible to participate in the defined benefit plan. State statutes (IC 5-10.2 and 5-10.3) govern, through the PERF Board, most requirements of the system and give the primary government authority to contribute to the plan. The PERF retirement benefit consists of the pension provided by employer contributions plus an annuity provided by the member's annuity savings account. The annuity savings account consists of member's contributions, set by state statute at three percent of compensation, plus the interest credited to the member's account. The employer may elect to make the contributions on behalf of the member. 54 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) PERF administers the plan and issues a publicly available financial report that includes financial statements and required supplementary information for the plan as a whole and for its participants. The report may be obtained by contacting: Public Employees' Retirement Fund Harrison Building, Room 800 143 West Market Street Indianapolis, IN 46204 Ph. (317) 233-4162 Funding Policy and Annual Pension Cost The contribution requirements of plan members for PERF are established by the Board of Trustees of PERF. The primary government's annual pension cost and related infor- mation, as provided by the actuary, is presented in this note. Information to segregate the assets/liabilities and the actuarial study figures between the government and the Utilities is not available. Therefore, the liability for Net Pension Obli- gation (NPO) is considered an obligation of the government and is presented in the gov- ernmental activities of the financial statements and is not presented as an liability of the proprietary funds. b. 1925 Police Officers' Pension Plan Plan Description The government contributes to the 1925 Police Officers' Pension Plan which is a single- employer defined benefit pension plan. The plan is administered by the local pension board as authorized by state statute (IC 36-8-6). The plan provides retirement, disability, and death benefits to plan members and beneficiaries. The plan was established by the plan administrator, as provided by state statute. The plan administrator does not issue a publicly available financial report that includes financial statements and required supple- mentary information of the plan. Funding Policv and Annual Pension Cost The contribution requirements of plan members for the 1925 Police Officers' Pension Plan are established by state statute. The government's annual pension cost and related information as provided by the actuary, is presented in this note. The use of the pay-as-you-go actuarial cost method by the government results in sig- nificant underfunding of the plan. The Net Pension Obligation (NPO) is not reflected in the financial statements of the pension trust funds, but instead is reported as an obliga- tion of the governmental funds. 55 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) c. 1937 Firefi hters' Pension Plan Plan Description The government contributes to the 1937 Firefighters' Pension Plan which is a single- employer defined benefit pension plan. The plan is administered by the local pension board as authorized by state statute (IC 36-8-7). The plan provides retirement, disability, and death benefits to plan members and beneficiaries. The plan was established by the plan administrator, as provided by state statute. The plan administrator does not issue a publicly available financial report that includes financial statements and required supplementary information of the plan. Funding Policv and Annual Pension Cost The contribution requirements of plan members for the 1937 Firefighters' Pension Plan are established by state statute. The government's annual pension cost and related information, as provided by the actuary, is presented in this note. The use of the pay-as-you-go actuarial cost method by the government results in sig- nificant underfunding of the plan. The Net Pension Obligation (NPO) is not reflected in the financial statements of the pension trust funds, but instead is reported as an obliga- tion of the governmental funds. Actuarial Information for the Above Plans Annual required contribution Interest ion net pension obligation Adjustment to annual required contribution Annual pension cost Contributions made Increase (decrease) in net pension obligation Net pension obligation, beginning of year, as restated Net pension obligation, end of year 1925 1937 Police Firefighters' PERF Pension Pension $ 691,714 $ 8,210,600 $ 7,576,500 (42,757) 1,284,700 1,154,000 46,499 (1,916,700) (1,669,600) 695,456 7,578,600 7,060,900 754,755 5,292,559 4,807,902 (59,299) 2,286,041 2,252,998 (589,752) 19,033,247 17,096,896 $ (649,051) $ 21,319,288 $ 19,349,894 56 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Contribution rates: Government Plan Members Actuarial valuation date Actuarial cost method Amortization method Amortization period Amortization period (frorri date) Asset valuation method 1925 Police Officers' PERF Pension 3.5% 441 3% 6% 07-01-02 Entry age Level percentage of projected payroll, closed 40 years 07-01-97 01-01-02 Entry age Level percentage of projected payroll, closed 40 years 4 year smoothed market 12-31-77 4 year smoothed market 1937 Firefighters' Pension 376% 6% 01-01-02 Entry age Level percentage of projected payroll, closed 40 years 12-31-77 4 year smoothed market 1925 Police 1937 Officers' Firefighters' PERF Pension Pension 7.25% 7% 7% 5% 5% 5% 4% 4% 4% 1% 1% 1% 2% 0% 0% Actuarial Assumptions Investment rate of return Projected future salary increases: Total Attributed to inflation Attributed to merit/seniority Cost-of-living adjustments Three Year Trend Information PERF Annual Percentage Net Pension Cost of APC Pension Year Ending (APC) Contributed Obligation 06-30-00 $ 593,399 144% $ (413,774) 06-30-01 645,625 127% (589,752) 06-30-02 695,456 109% (649,051) 1925 Police Officers' Pension Plan Annual Percentage Net Pension Cost of APC Pension Year Ending (APC) Contributed Obligation 12-31-99 $ 6,567,390 12-31-00 7,103,263 12-31-01 7,578,600 43% $ 14,928,837 51 % 18,422,000 70% 21,319,288 57 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) 1937 Firefighters' Pension Plan Annual Percentage Net Pension Cost of APC Pension Year Ending (APC) Contributed Obligation 12-31-99 $ 5,578,400 47% $ 13,415,996 12-31-00 6,582,404 47% 16,923,000 12-31-01 7,060,900 68% 19,349,894 Membership in the 1925 Police Officers' Pension Plan and the 1937 Firefighters' Pension Plan at January 1, 2002, was comprised of the following: 1925 Police 1937 Officers' Firefighters' Pension Pension Retires and beneficiaries currently receiving benefits 260 204 Terminated employees entitled to but not yet receiving benefits - - Current active employees 15 12 2. Cost-Sharing Multiple-Employer Defined Benefit Pension Plan 1977 Police Officers' and Firefighters' Pension and Disability Fund Plan Descriotion The government contributes to the 1977 Police Officers' and Firefighters' Pension and Disability Fund, acost-sharing multiple-employer defined benefit pension plan administered by the Indiana Public Employees' Retirement Plan (PERF) for all police officers and fire- fighters hired after April 30, 1977. State statue (IC 36-8-8) regulates the operations of the system, including benefits, vesting and requirements for contributions by employers and by employees. Covered employees may retire at age fifty-five with twenty years of service. An employee with twenty years of service may leave service, but will not receive benefits until reaching age fifty-five. The plan also provides for death and disability benefits. PERF issues a publicly available financial report that includes financial statements and required supplementary information for the plan as a whole and for its participants. That report may be obtained by contacting: Public Employees' Retirement Fund Harrison Building, Room 800 143 West Market Street Indianapolis, IN 46204 Ph. (317) 233-4162 58 CITY OF SOUTH BEND NOTES TO FINANCIAL STATEMENTS (Continued) Fundin4 Policv and Annual Pension Costs Plan members are required to contribute 6% of the first-class police officers' and firefighters' salary and the government is to contribute at an actuarially determined rate. The current rate, which has not changed since the inception of the plan, is 21 % of the first-class police officers' and firefighters' salary. The contribution requirements of plan members and the government are established by the Board of Trustees of PERF. The government's contributions to the plan for the years ending December 31, 2002, 2001 and 2000, were $2,673,111, $2,540,927 and $2,171,298, respectively, equal to the required contributions for each year. 59 CITY OF SOUTH BEND REQUIRED SUPPLEMENTARY INFORMATION SCHEDULES OF FUNDING PROGRESS Public Employees' Retirement Fund Excess (Unfunded) Actuarial Excess of AAL as a Actuarial Accrued Assets Over Percentage Actuarial Value of Liability (Unfunded) Funded Covered of Covered Valuation Assets (AAL) AAL Ratio Payroll Payroll Date (a) (b) (a-b) (a/b) (c) ((a-b)/c) 07-01-00 $ 27,569,258 $ 21,951,844 $ 5,617,414 126% $ 21,460,673 26% 07-01-01 28,925,292 24,048,347 4,876,945 120% 22,063,109 22% 07-01-02 27,343,275 27,648,817 (305,542) 99% 22,751,231 (1%) 1925 Police Officers' Pension Plan Excess (Unfunded) Actuarial Excess of AAL as a Actuarial Accrued Assets Over Percentage Actuarial Value of Liability (Unfunded) Funded Covered of Covered Valuation Assets (AAL) AAL Ratio Payroll Payroll Date (a) (b) (a-b) (a/b) (c) ((a-b)/c) 01-01-97 $ 1,531,332 $ 78,865,547 $(77,334,215) 1.94% $ 1,736,133 (4,454%) 01-01-98 1,205,205 82,300,775 (81,095,570) 1.46% 1,590,417 (5,099%) 01-01-99 833,900 72,131,400 (71,297,500) 1.16% 1,497,063 (4,762%) 01-01-00 499,407 77,098,600 (76,599,193) 0.65% 1,469,067 (5,214%) 01-01-01 375,258 77,407,200 (77,031,942) 0.48% 1,385,633 (5,559%) 01-01-02 3,060,517 77,938,200 (74,877,683) 3.92% 1,862,900 (4,019%) 1937 Firefighters' Pension Plan Excess (Unfunded) Actuarial Excess of AAL as a Actuarial Accrued Assets Over Percentage Actuarial Value of Liability (Unfunded) Funded Covered of Covered Valuation Assets (AAL) AAL Ratio Payroll Payroll Date (a) (b) (a-b) (a/b) (c) ((a-b)/c) 01-01-97 $ 1,262,113 $ 78,938,487 $(77,676,374) 1.60% $ 2,175,583 (3,570%) 01-01-98 949,387 78,614,583 (77,665,196) 1.21% 2,027,817 (3,830%) 01-01-99 912,070 60,701,100 (59,789,030) 1.50% 1,893,973 (3,157%) 01-01-00 1,150,438 65,320,900 (64,170,462) 1.76% 1,746,567 (3,674%) 01-01-01 923,076 70,466,700 (69,543,624) 1.31% 1,536,650 (4,526%) 01-01-02 2,821,371 70,084,800 (67,263,429) 4.02% 2,017,100 (3,335%) 60 CITY OF SOUTH BEND REQUIRED SUPPLEMENTARY INFORMATION SCHEDULES OF CONTRIBUTIONS FROM THE EMPLOYER AND OTHER CONTRIBUTING ENTITIES 1925 Police Officers' Pension Plan Annual Required ~' ~ ~~ Year Contribution ~~ ~ "R~ _ Ending (ARC) G ~ ~' ~~~. 12-31-96 $ 6,412,100 17% 33% 12-31-97 7,559,100 13% 28% 12-31-98 7,993,300 13% 28% 12-31-99 7,213,500 15% 27% 12-31-00 7, 911,100 14% 21 12-31-01 8,210,600 1937 Firefighters' Pension Plan Annual Required Percentage of ARC Year Contribution Contributed Ending (ARC) City State 12-31-96 $ 6,427,100 17% 36% 12-31-97 7,617,700 14% 30% 12-31-98 7,731,700 15% 30% 12-31-99 6,218,700 19% 27% 12-31-00 6,846,400 18% 20% 12-31-01 7,576,500 *Information not available. 61 Z Z LL O fn w Q J Z O ~ ~ w N D O = ~ M W Z ~ Q ~ m } Z U E ~Ow d = Q f_A d U ~ Z ~ ~ ~ vOi~aO a~i tLw~Q ~ Oa~~w a p m vojQQ} a> ~ ~ Z H C'J~JLL W m W Z W l00)OMlnh O _ ~ M f~ f~ m O ~ { CO O O ODD CEO t0 ' t7D ClO ODD U C U j N Ch N M l0 ~ CA `7 M f~ h ~ M CO O~ lT N NLL O'= f0 ^I~COO~nM ~ ~ Oi aO f~ ON '~ ~ j 0 N N ~ N O M M >~ma z -- .. ~'70~OfG Of O~CAOM cO ODMIn COMCOM~ NMOOO OOCO UO MOhI~t~ Q M M t0 ~ CCJ ~ O CON CO tq N O M In r I~ ~ N ~ N O N ~ CO _ O CO M M r P CO ~ ~ r~ `~ MNhNN~ N ONO N N ~ CO O V to ~ lf) a O ~_. b9 CO t0 r CA O O O to Q O M O N E to h M M e} In h CO O CA h M CA O O CA O O a t70 ~ CO f~ f~ In r CO I~ O O O O In M CA N ~~ N ~ CO C[) N O N t0 ~ f~ N CA O O M M N CO M O M M E lCJ A N N r M fM0 lM N O S N r t0 O O W ~ a tri ch COO~OOO O MMOM O~et Cn hM ~ 'cF ~h'-0000 P M~NOO C1D0~00 to CO h O~COh OtT O OM00N ~ON~ 000N N CO~I~NOCO to CO CONN CONCH MMCA r 0 d' CO M ~ M M ~ O ~ r •- 0 CA CA ~rNN~M CO 0 N r ~ a ~ M C7 N N N tT O CA N CO W L L L U U U V V ~ C N N d N N N N ~ ~ N T U y 'U U y ~. y ~ Z U C Z U N ~ U.U.. y N to U y y N O y N U C Z ._ U ] Z 7 N Z N Z E N a U N~ A O C .U N U 7 Y C~ CU/1 7 C C N M U U ~ C `U w j ~ ~~ a U '~ N U N a fU d 0 0 O. 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O ~ y ~ y 7 7 ~ =o -a f0 a y a c0 N C y w C N X A N N ~ ~ 'y' y N " 7 7 7 N N L ~ N V U U f0 f0 f0 ~ ~ C Q 7 L U O O O 7 H H F- t U :O ~ d "~ N Q N Z Q Z 69 MANAGEMEPJT'S DISCUSSION AND ANALYSIS NONMAJOR GOVERNMENTAL FUNDS Special Revenue Funds Motor Vehicle Highway - To account for street construction and the operations of the street main- tenancedepartment. Financing is provided by state motor vehicle highway distributions. Recreation Nonreverting - To account for fees and related expenses from park department activities. Housing Maintenance - To account for a loan program financed by monies from the Housing Author- ity which are paid in lieu of property taxes. The loans may be for external maintenance needs of single-family rental units owned by the Housing Authority. Studebaker/Oliver Revitalization Grants - To account for expenditures related to the Studebaker and Oliver revitaliza- tion projects. Financing is provided by federal and state grants and loans and loans from other organizations. Economic Development State Grants - To account for expenditures related to projects promoting economic development. Financing is provided by state grants and loan payments. Expenditures include grants and related expenses. Community Developrent - To account for revenues received from the U.S. Department of Housing and Urban Development related to community improvement. Police Federal Grant - To account for expenditures relating to federal and state grants. Accident Report - To account for police department expenditures related to various programs. Financing is provided by grants and donations for those programs. Police State Seizure - To account for law enforcement expenditures financed by the authorized state or local agencies' sale of confiscated property. Juvenile Positive Assistance - To account for monies received from penalties paid for curfew violations. Expenditures include Drug Abuse Resistance Education and Juvenile Aid Bureau. Law Enforcement Continuing Education - To account for police fees collected to finance police officers' continuing education, training, and supplies and equipment. Build Indiana - To account for state grants used to finance various projects. General Grant - To account for grants and donations used solely for the purposes specified in the grant application or by the donor. Local Road and Street - To account for operation and maintenance of local and arterial road and street systems. Financing is provided by state gasoline tax distributions. 70 NONMAJOR GOVERNMENTAL FUNDS (Continued) Special Revenue Fund: (Continued) Human Rights - Federal - To account for expenditures to prevent discrimination and to promote human rights. Financing is provided by federal grants. East Race Waterway - To account for donations for the promotion and development of the East Race Waterway. Special Events - To account for revenues and expenditures relating to the operation of special events sponsored or organized by the City. Police Block Grants - To account for a federal grant used to finance police activities, Economic Development Commission - To account for administrative expenditures of the Economic Development Commission. Financing is provided by fees from businesses applying for Economic Development Revenue Bonds. Hazmat - To account for monies generated by the South Bend Fire Department's response to hazardous materials incidents. Funds are used to purchase, repair, or replace haz-mat equipment, or for training and supplies. Indiana River Rescue - To account for expenditures related to river rescue training. Financing is provided by registration fees. COPS Block Grant II - To account for federal grants which provide financing for police activities. Regional Police Academy - To account for revenues (tuition) and expenditures (seminars, travel, lec- tures, and career days) related to the advancement of present and future police officers. COPS MORE Grant - To account for a COPS MORE grant which provides financing for police activities. Federal Drug Enforcement - To account for expenditures for drug enforcement. Financing is provided by distributions from the authorized federal agencies' confiscated property sale. Urban Development Action Grant - To account for economic development expenditures which are financed by federal grants and loan repayments. Leaf Collection and Removal - To account for the expenditures of a program to remove leaves from the City each fall. Financing is provided by a monthly service fee charged to all City residents. 71 NONM,AJOR GOVERNMENTAL FUNDS (Continued) Special Revenue Funds (Continued) Police K-9 Unit - To account for donations for development and maintenance of the K-9 unit. College Football Hall of Fame - To account for Hotel/Motel Tax and Professional Sports Development Tax revenues dedicated towards the College Football Hall of Fame. Based on an agreement with the National Football Foundation (NFF), the City pays the NFF to assist with the operation and capital costs. Friends of the College Football Hall of Fame - To account for donations received by the Friends of the College Football Hall of Fame, Inc., a nonprofit corporation formed to solicit donations for the benefit of the City's College Football Hall of Fame. Football Hall Of Fame Operating - To account for the former enterprise fund. This fund accounts for the advance from the General Fund which may be repaid from future operating surpluses. Industrial Revolving - To account for the revenue and expenditures of providing special loans to qualifying local firms. Financing was originally provided by a $5,000,000 Economic Adjustment Assistance Grant from the U.S. Department of Com- merce. Debt Service Funds Tax Incremental Financing Bonds - To accumulate monies to meet the required debt service reserve for pay- ment of Tax Incremental Revenue (TIF) Bonds 1988 and the TIF Refinanc- ing Bonds of 1992, which are serial bonds due in annual installments through 2005 and 2004, respectively. Financing is provided by transfers from the Tax Incremental Financing -Downtown Fund (Capital Projects Fund). Redevelopment Bonci - Studebaker - To accumulate monies for payment of Redevelopment District general obligation bonds, which are serial bonds due in annual installments through 2006. Financing is to be provided by an annual property tax levy. College Football Hall of Fame Debt Service ~~ To accumulate monies for the payment of Redevelopment Authority bonds issued to refinance bonds issued for construction of the College Football Hall of Fame. Financing is to be provided by an annual property tax levy. 72 NONM,A,JOR GOVERNMENTAL FUNDS (Continued) Debt Service Funds~~ntinued Redevelopment District Bond - To accumulate monies for the payment of Redevelopment Authority bonds issued to refinance bonds issued for construction of a parking garage facil- ity, bonds issued for central development area land acquisition and con- struction of public improvements, bonds issued for airport development area land acquisition and construction of public improvements, bonds issued to purchase the Palais Royale, bonds issued to refinance bonds issued for construction of Century Center improvements, bonds issued for renovations to the Morris Performing Art Center. EDIT Bond -Plaza Garage - Tax Exempt To accumulate monies to meet the required debt service reserve for the Series A, Economic Development Income Tax Revenue (EDIT) Bonds of 1997. EDIT Bond -Plaza Garage - Taxable To accumulate monies to meet the required debt service reserve for the Series B, Taxable Economic Development Income Tax (EDIT) Revenue Bonds of 1997. South Bend Building Corporation Debt Service - To account for debt retirement of the Building Corporation's Mortgage Bonds. Funding is provided by transfers from other City funds. Capital Projects Funds Emergency Medical Services - To account for purchases of necessary equipment for the Fire Department and Emergency Medical Services Department. Financing is provided by ambulance fees. Coveleski Stadium Capital - To account for expenditures related to the maintenance and improvement of the baseball stadium. Financing is provided by a rental paid by the semi-pro baseball team. Zoo Endowment - To account for construction projects at the City's zoo. Financing is provided by gifts and donations. County Option Income Tax - To account for the City's share of the County Option Income Tax (COIT). Expenditures include land improvements and purchases of motor equip- ment. ~~ NONMAJOR GOVERNMENTAL FUNDS (Continued) Capital Projects Funds (Continued) Park Nonreverting Capital - To account for specific revenues used to finance capital improvements at the City parks. Cumulative Capital Development - To account for expenditures relating to the purchase or lease of capital improvements in the City. Financing is provided by a specific property tax levy. Cumulative Capital Improvement - To account for state cigarette tax distributions used for improvement projects. Economic Development Income Tax - To account for the City's share of the County Economic Development Tax. Expenditures include construction, acquisition and related costs for eco- nomicdevelopment projects. Cumulative Sewer - To account for financial resources for the construction or repairing of storm sewers or sewage disposal plants and sanitary sewers. Tax Incremental Financing (TIF) - Sample/Ewing - To account for expenditures for public improvements in the Sample/Ewing tax incremental district. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the dis- trict before redevelopment (tax increment) Morris Performing Art Center Capital - To accumulate monies for major repairs and capital improvements to the Morris Civic Auditorium. Financing is provided by a surcharge on ticket sales for events held at the auditorium. Tax Incremental Financing (TIF) -Downtown - To account for expenditures for public improvements in the central business tax incremental district. Also, operating transfers are made to debt service funds to meet debt obligations as they mature. Financing is provided by property tax proceeds in excess of those attributable to the assessed valu- ation of the property in the district before redevelopment. Tax Incremental Financing (TIF) -West Washington - To account for expenditures for public improvement projects in the West Washington Economic Development Area. Financing is provided by prop- erty tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. Redevelopment General - To account for eligible redevelopment activities in the Studebaker Corridor financed by proceeds from land sales or leases. ~4 NONMAJOR GOVERNMENTAL FUNDS (Continued) Capital Projects Funds (Continued) Tax Incremental Financing (TIF) -Airport - To account for expenditures for public improvement projects in the Airport Economic Development Area. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the prop- erty in the district before redevelopment. Redevelopment Sample/ Ewing TJX - To account for costs of infrastructure improvements and other costs related to a retail business building a large distribution center. The costs are financed by various grants and loans Equipment Leasing - To account for proceeds from capital lease-purchase agreements used to finance major equipment needs of the City. Century Center 2001 Construction - To account for construction and related costs of improvements to the City's Century Center. Financing was provided by a 2001 bond issue. Morris Entertainment - To account for donations received by Morris Entertainment, Inc., a nonprofit corporation formed to solicit donations to finance improvements to the City's Morris Performing Art Center. South Bend Building Corporation Construction - To account for construction and renovation financed by Mortgage Bond Issues. 75 ~- 7 W W J Z fn F N _ (~ W N j_~2c+~ upiioja ~~~pE ~- C7 v U ~'--~~~ ~¢ i~ z p Z m ap ' M ? 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OV UM j us its ZO W >~ m Q C~ -~ o ° .- 0O ° ° 0 ° ~ ao rn _ ~ ~ U O~ o o o o o o o rn o ~ W 0 Q' Q ~ O ~ N ~ f0 ~ N Lf) N t0 N N M st M O ~ ,p ~ ~ Z ~ v OZZVw `» `fl ~d ~ i J~ a UXQZ~ w w W~ W L ~ C rn N ~U~F- ~ m a ~ V LL rn ~ ~ Q Q N ~ p U C ~ ~ W LL m t0 y U U V p U LL C9 J ~ U C l6 C C~ ~ O f6 C (0 fn=~ a~i ~ rn a 5 ~ ~a ° ~ ~ X00°- ~ ° ~ v am ~ ~' ~~v Nw v W U c ~ ~ ~ ~ .."'- y '- ~arni c ~ ~ c W N p C T> Z 7 p m O m O C O C ~ ~ N y C p p. > ~' O x L: ' > O ' w rn rn N Q ~ j ~ ~ o ~ d n ~ v v ~ dam' r ~ ~~~~`° : ~ U a ~ ~ m m C7~vv m m ~ ~ ~ ~ o ~ U ~ ~ ~ ~ ~ Z 0 O Z ~O a~ Q x Z c ~ c ~ -O 1 I- - ~ ~ W Lt_ LL 00 103 u~ w U g ~ Q ~ O ~ ~ LL~O Z zQ~ (n ~-- Z ~wgo O az0`~ _ ~ J r U w W M ? Z O ~ a 2 a ~ V v ~ W ~ p O ~ ~ ~ ~ N O~OUw zzW w n. ~ ~ c1°, U w ? Z } ~ N Z ~ U LL w ~w~ a ~m~ a W U W Q V C y ~ j O LL 'O •y l0 .~ w = O d >~°°a Z 1 N N N N OD a0 N l A C D C O t~ 1~ cD 7 O N N ~ e~~ e N r M r M r r- ~ ~ t~ t~ ~ M N ~ ^ O OD '_: ^ CO ~ O O O I~ ao ~ In OD r M Oo ~ CD ~ 00r O MCO O O r O O~tp CO N N ~ ~ N ^ O M C O I N O O C O CD `"' CD N ~ r t0 O CD CD O ~ ~ O v N O ~ M M CD M N ~- ~ rs Fss m° ~ ~rn ~ o °' o c D ao o ao m ao u~ ~ ~ v N O N M ~ N ~ O O C O C D C O 7 r CO ap O M to tp ~ c+i 7 O N M _ ER 69 ~° ~ o ~ ~ ° ' , o c D ~ r o ao o ao cD o cD ao .- M O N N O E ~ D C C D ~ C O O CO d: r CD CD ~ l{y ch ~A ~ C'7 N ~ v M M -, ~ ~' x d N N N U o m c a c ~ ~ rn ~ °' ~ E W N~ 7 N N O ~ ~ U U a m ~ ~ m ~; 2 N U C C C~ 0 0 l0 O ~ ~ C C ~ C y y N~ O N N U ~ ~ N N 'O C C .U U y 7 7 E w N ~ a~ T ~ ~ ~ c o o `ov O N O) V~ _ 'O `~ O) C p O w C C 7 T O Z 7 C C ~ N O U d C~ a a O) to 7 ~ ~ ~Ci 3 X CA ~ ~ ~ m ~`, N N . d O~ 0 a W f0 C C ~ N 7~ 7 N N 7 a (0 ~. w C "' f0 OU C6 U f6 (6 (~ V 'p .0 .~ m a~ o ~ 7 X U t o F . ~ d 'O O. (~ ~ ~ d ~ .1- CO l0 f0 jF~- O QU Z ZFHH c c -o m x > > ~ d' W LL LL 0] 104 M O N N a U c N a c "^7 C O) C f0 L U N Z NONMAJOR ENTERPRISE FUNDS Consolidated Building - To account for the operation of the consolidated St. Joseph County/South Bend Building Department. Parking Garage - To account for the operation and maintenance of the City's parking garages. Solid Waste - To account for the provision of solid waste services. Blackthorn Golf Course - To account for the operation and maintenance of the City's Blackthorn Golf Course. 105 ~~py pppO '~N ~ ~ ~N O O 0 N 000 O ( O i ~ ~ ~ M 0 0_ (O O O r w O Mh ~C N 01 ~ Mnr In ~ N O 0 a Q r l00 00D ~ M ~ N GNO H _ n C9 M O OD ~ f0 n ~. n ao 0 rn o ~" r N ~ 69 ~ y o , ~ 8 ~ ~ ~ ~ ~ A ~ ~ n t00 O ~ ~ N ~ L ~ O ~ N n O O ~ (O O O O p U C.1 C7 lbw tV M N ~M ~ ~ ~ 0p M ~ Qi N ~ O ~ M n O D m~ ~ N M ~ et Q ~ d9 Z ~ ' ~~ ~ ~ ~ n m i~~ co ~ ~ ~ ~ n ~ v ~ M N W N ' N ~ E v ao ~ n ~ O ~ ' r C O N N m ~ ~ ~ ~ ~ d fn 7 > M CO (O CO ~O ~A N Q. r r I- N EA Z W ~ ~ ~ pl ~ ~ ~. 01 n ~ 00 .- OD r- O <O N ~ CO ~ ~ co M v 0 ~ d ~ 7 O 0 CO M Q `~ - ~ r M ~ OOD O O ~ N ~ M n M ti _ N CO CO Z Z N d~ .. In fD ~ ~ COZN ~ 4A H N _ M ~ ;~ Q~ ~ O i n ~ ~ O A O ~ N O N 0 O ~ ~ 1- ~ ~ ~ e ~ O O O O V f 0 ti N~ '~ ~ N r r ~ N r O m ~ W N Z ~ U ~ ULL O Z W c ~ ~ ~ W H ~ ~ ~ c C ~ l0 N U 03 Z 3 o i~ c ~ Y N m c m w ~ 03 > O~ U ~ ~ y 0 0 LL ~ y ~ N L v~ y ~ N y O~ c'~ W w S° ~ i N ~ `` L N 7 N yc °~ ~ rn°'v~ O W d ~ w •~ N N N ~ p U V CJ ~ ~ O C N O W U ~ d N y ~ C y~ V) y y N N m N a~ O >> v7 03 (6 v T a v N S y a- O .o m c m '~ m V7 ¢ C ~ N> v v V V O C ~ 'y"' (yp O~> N O O V U p N N ~` N N ~ w .N., O~~ (p N d~ .a {C ~ ~ . 7 y N ~ y N C U N O 03 N ~ N ~ r O O - '0 7 ~ N~ 7 ~. U y C O C N C (0 O 0 07 N C y C ~ U U~ F ~ V~ F- ~» H J U G ~ H Z H 03 N O7 `~saa ~ 7 N ~ ~ ~ OS ~ ~I ~ ~° ~ Q U Z I- N R X N Z C O N C C O U 106 O Z LL W Cn a w z W 0 Q WOO =Z' Nv j ~ M ~ C W ~ •- ~ Q ~ U Q W ~ ~'' ~ Z ~ ULL O z w w Q H Z_ Z m U l<) ~ NCO f~ ~ S a ~ to N Clp ~ ~ ` N M CC) C10 lt) f0 CO ~ O O ~ ~ ~ ~_ C~ O tp C a 0 t O ~ O M a D CO C O C O OD ~ CO hM ~~~ N O lt) C~ CC) h N ~ O C~7 M ~ _ _ ~ ~ N ~ O N ~ ~ f~ M ~ N C70 O CO to l0 N M e} Cn OD ~ ~ to CV ~ ER 69 b9 O O CD ~ O 8 N In N O ~ O (~7 C70 R) OND N CO O CO CD N ' ~ N f0 ~ ~ . ~ ~ OMD ~~~ COA ^ ~ ~ M ~ CO C07 ~ M ~ N h h C1D C/7 h O CO a d• CA ~ ! En Efl d4 tf3 Cn ' ~ CA N ~ ' m ~A M M E r r CO ' M I~ M r ~ M O ' CON M a0 CO CA ~~~ In O O C~ N !~ CO M M N N CO N ~ r CO h ~ Ol 1~ ~ 7 V OD CV N CO 1~ CO O ~ ~ ~ N N CEO ~ ~ 'Na' N ~ ~ ~ ~, - M ~ ~ ~ ~ ~ ~ ~ N ~ ~ ~ ~ : ll ~ ~ N ~ ~ y ~ CA M C~ CO CC M ~ r N Y ~ (A M M ~ 0 A CO lA N C 7 C D d (~ ~ ~ CO l0 ~_ E~ ~ ~ ~f O ~ i ~ ~ ~ ~ ~ ~ ~ ~ i ~ ~ ' CU Cl CON ~ c N to N M M M h O C~ 0 '~ N M M C~ ~ ~ ~ r O_ M C m V ~ ~ ~ ~ m y rn C y N CO N C V 'O ~ N N O p d CU 'O T ` ~ 7 a ~ ~ o ~ ~ ~ y ~ y ~ a N m C ~ O 0 N ~ y N Q ~ N y v~ ~ O CO > L y d (U ~ ~ 'O ~ :• N A 0 c a 3 v m~ >, ~. m a~ m vii ~ o y ~ ~ ayi y v ~ a y °' '~' in ~ a v ~ c c jyj a i ~ r a c Z- m ~~ ~~ _ ~ y •o a m ~ ~ y :c °~ o- a -o -o a is ~ m o ~ m~~ m N o y m ~° ~ m v ' ~ o o c a> ~ > j t t a~ n c •n > ~ `~ ((f N U U ~? O c c c i ~ ~ j y wa O - Y y v ~ ~ d [u m (U N :. y C C U C U w- U 0 7 V~ Q H [1 t6 j fU ~ (6 C H N = y ` w U Z C ~ tQ c QUU ~~ U~ N ca Nin Cyi~ ~ t0 ~ U Z H Z ~~~ H 1~7 Cpl iD 1(~ e+ , M t0 CO C) aD OD O a0 M 1~ O O M f~ ap MOD M O t0 CO f~ tT 00 ~ M M ~ M 01 ao O O C f0 O O O O to (O N ~ M O Q) l0 1n N N ~ ~ O O a r OI ~ A 000 ~ N N ~ M ~O O O ~ M ~ N l0 CO ~ N ~~~ O N v ~'+ O !'~. ~~ t0 In 0 M 0 ~ CO M a O u 7 Crl `~ f~ 10 O N ~ N_ N ~ (4 ~ 1 , ~ C ~ M n ~ ~ to ~ O h O CO ~ ~ lYl ~ ~ ' ~ O O ~ to ~ ~ H ~ C ~l C+l ~ ~ M ~ ~ ~ CEO 1~ l! ~7 r ~ `~"' c~D ~ ~ pN l0 ~~N a0 N c7 ~ Chi ~~fl 111Hfff _ ~ ~ CV Imo' tp ~ ~ ~ ~ - W ~ ~ 6H ' p ~ ~ aD ~ ~ ~ CC I~ ti 0 O O Ol ~ ~ ~ , ~ d' ~ ~ 1 t1 ~ t0 Z m ~ M d_ 1 0 N C D O ~ N N ~ ~ LL O h~ M O O 1p fr N a0 CD O Z ~ O e} N O C00 M v N M _ M ~ N l7 ~ M M ~ ~ ~ ZQ r 1 ~ O ' M M t0 CO ~ P ' ~ 1 O t0 ' t:. ,1 CO 10 O) C) ~ ~ ~ ~ ~ N p p l+l ~ ~ i~ 1M0 ~ N U C •Y ~ ~~N r r I~ OD N !~ M CV ~ O CON fly OD 1~ CO N ~~yy - f8. O t0 t0 ti ~ ~ ~ C O O Ch M ~ G ~ t0 1llllly v v M CO aO r ~ Z ~ ~. }: E9 ppLL .M Z Z W ~ W Q N 1 1 1 ~~ ~ a0 M f~ M O ~ et M CD N t>D q~ ~ B O lA ~ O O N CO N CO ti ~ ' 10 O (n m N ' O E I~ O) N N M 1l> ao O ~ M CA M 001! itl r nl O N l0 CO L0 O C` ) h a a CU 2 W d V ~ • ~ ~ W rN OO N ~ ~^ ~ ~ M O O C T O C j W p m O o U ~ ~ O w ~ w a ~x~ UWQ~- Z L W Z H Z O W ~ LL W ~ 0: w LL 0 y ~ H Z W N C ur c ~ W ~ C X rn O f' d y 3 .0.. 7 (/) ~ O C y ~ Z N C~ O N N D) ~ N O Z N C C C C O Cl X C N N > ~ U W C m N C O X. N N E B C O C O y C C OU d ~ CCI U c>~ N X O ~ C N ~ N CU N O w w C O N C> C C > C 7 N 0 7 O_ N O C V ~ ~ ayi f` a `0' ° f0 ~ c ~ c a ° o ° °c ° a c ai N fN0 7 d O m N~ N O f a ~ X a ~ m C6 N C) N C ~ = a N a~ N ~ N m 3 '~ • 0 _ N ~' C C O C m m rnN~ c~ aGi ~ o ~_m rn~ m •E a ~ O ~ ~m~a i~m m o ~ o o ~ o w ~ ~' m s d m f0 O CO O O L F ~ [1. •O N F' O O. +O' y d E N H C ~ w w U C C ~~n.tnU' O o0 Qp ~5~ ~Q~ •ac c m m O O Z m m UHH ~ ~ 108 .- ~ .- ~ ~(yy p Ole-A~ ~ ~ ~ ~ m~ 7 O ~ m v o o c~ 00N OON 700 ~A00 ao ~ r~ C`7 ~A o M ~ o O O (0 . '-~ r'- O ~ _ 00 ~ ~ N V M ~ OD 7 In N ~ ~~~~. ~ e:m ^ ~vv ~ v ~ N M 0 l tp e`f. v N N N ~ j ~ ~ ~ 01 ~ OD 8 ~ Ip O Qp QQ~ ' , ' ao ~ ~ f0 ~ M o N p ~ W v q,1 Y V ( ~ ~. ~ ~ N v~ t0 ~yy ~ Y! ~ P r O ~ a v 11tt!! N r Pi m ~ V r ~ . ~ Z _ ~ ~ ^ ~ ~ po O ~ ~ . ~ ~ ~ . c'~ O r O 1.. LL ( M~ r ~ ~~7 t~ ~ ~ O (MO W ~ ~ ~ O O ~ ~ O ~ ~ ~ 7 N U ~ 7 M f0 CA W N H w N N ~ N ~ ~ ttAVV ~ ~ O ~ N O M ~ ~. ~. i ~ ~ - ~ ~ O ~ 0 O O N C Y p ~ ~ ~ ~ n~ ~ W ~ ~ N ~ N ~ ~ ~ N ~ ~ ~ ~ ~ o r r ~ ~ ~ O ~ ~ ~ ~ ~ O ~ ~ ~ Ijt. N ch N N ~ 77 ~ N ~ LL LL C C m 8 ~ . .. O~w ~j N U ~ } c m O c c~ o c ~~ ~ Z p rn m w a~ c~ ~ LL a; :~ ~ N ~. j Q W ~> ~'V ~ p C ~ ~ ~ Q ~ fU0 fA p N 7 > >. ~ w >. N > ' O) ~ •> ~_ d C (6 y N L O ~ Z O Vl O N ` O l9 L (pp O ' c ~ ~ f0 N O d p ul w N d ~'`~ N 0 d 0 Z V) p. ~ 3 N d O O C O C - C U) 4= O to ~ p d ~ O V1 w N N tl1 ~ 0 N _ m m O~ rn ~? .O (~ U A a C 'U c >, a -O d 0 (0 .O c yj N C f0 ~ O~ w ~~ d~ N V U` N y N 4= ~ N V _~ -OO U 0 U O ~ C~ V) N O C 3 tq l3 O O~ O~ N 'O c E 3 ~ ~,~ 7 ~ f0 'O w •a~ 7 w C ~ ,. . O pin a'~ v ~ N u) o ~ c C m°r°~° ~rn ~° m ~ ~ ' O 't a °i ~ '~ ~ -, m > m c v m p ~ ° a '> .y y p o o- w co 7 ~- .may. m` ~ ~ a am a v. ~ E c 'o ~> o p t g• '> v :a o c v ~ N .o o c ~ v~ v to p a>•p > p c m a~ > ~ri ~ c '~ 7 ~ o o > ri ~ c '~ ~n ~ v o O y p• o c p E o p c~ c o c c~ ~ u , > ' ~ Q v c ~ Q ~ " c o 0 0 o o E d o o E „_ am L c ;o p p o p E c p O O ~ rn L c ~ E o d -o t <t3 cv p c i s i p co _ O r y C C C ~ f0 O O H N C ~ 0 ~ f0 d 'O 'O ~ N C ~ O d d t0 C C U p C C~ Ul d d G7 d N O N N y C 3 .N a~ 0 7 y C 3 N p ~ 7 C` V 7 C V A N N (d (O (6 Z ~ N (~6 Z~ ~ V C N 47 N 0 C C Z~ ~~ U p ~ ~ in p c t in N~~aaa ~HH a C NQd ~ C C y~.U ~ ~~O ~ U U U U Z U U N 0 p 2 d Z C O V d 7 C C U 109 0 ooaD conc%> moo ~ u~ rn oo ~ ao ao o v M rn aD ~ n N to O O H O M N CO n ~ ~p n N O O N M O O vM M O M ~ N N .~ n r `O H C y O ~ O , O M IN t~ (D lf) (D O O r N 'L-' O Cn0 ~ W M In N v U r (A m C7 ~ Z ~ nao N OM~nN O LL O ~ N N W ' C D In O ~_ N CA C O O N 'cY CMO N U ~~ ~- M ~ a w ~ W N CO cMO `r ano ~ ~ ~ O~ O N r r M CO O M ON ` ~ OnD O N~ ~ 4"3~ ~ N N 'F+ ~ ~ d ~ Z~~ E» ~ ~ Z m i ~ a N M ' OO ' cOM~A CO O ~ U O H ~ N ~ "" 01 M ~~ v v N CO v O) t!y ~ C ~ OOa~ O V a N N O M c ~+- W cU om O ~- Nw U ~ } U LL OL Z ~ ~' `o w °; LL ~ > W o ~ ~; N y Q w O) ~? > U ~ 'U C3 (7 Z N .j c •- C O N f6 CA Z ~ N m 0 N N C C m m rn ~ a ~ " m % c O E C ~ m N~ y a N O- °'~° ~' ~ m L N °- w a U U .E a`> .-. O N C} = m y c c >. ~ O >. m a> a x ' c C . ~ ° a v ~ i v ~ v ~ m ~ >, ~ ~ a i a o i a o v _i ~ j U o ° a o x v ~~~ o.d w w °' c a v c w ~ > > a `~ > j y °~ ~ N f0 ~ i v ~ ~' u~i ~ p O C ~pp ~ v i d U U N W 0 't C N O 'C ~ a CS N > f0 C C 0 O ~ U Q C Q U > C Q) C7 C Q ~ L L ._ ~ as ~ ~m~ ~ ~ ~ m m U ~ Q U C V d O ~ Z Z ll~ INTERNAL SERVICE FUNDS Liability Insurance Premium Reserve - To account for expenses related to maintaining the City's self-funded liability insurance including administrative costs, claims and premiums. Funding is provided by assessments to certain other City funds. Self-Funded Employee Benefits - To account for employer and employees' contributions for a medical insur- ance plan. Central Services - To account for expenses related to fuel, vehicle repairs and various supplies provided to City departments on acost-reimbursement basis. l1 i.~nrnaorncOO CO CO ~ CO O O N v 00 o W 0 O o O) v t~ h ~ 00 O ~ ~ ~ ap ~ eF 7 M th ~ ~ m CO T ~ .= ~. ~. M O r ~ n ~ ~ ~ N ~ ~ r M t~ b9 ~ ~006~ ~ O O O CN M O ~ t1~ O a ~ ~ l0 ~ CO ChM O ~ ~ r r_ r tfj ~ M C O O h 1~ n ~ ~ r r r r N ll . 69 Cp W U rn rn j rn W ~ r ~ ~ Q ~ ~ ~ W ~ ~ ~ i ~ A N lV (V W Z N I A N In In Cn l CO l CO O m In O N O C~7 f7 N O O O ~ ~ M ~ ~ Q ~ ER fA ll N W O Z N F- ~ ~ U~ Z W Q c ~ ~ 3 c ~ o ~ z ~~om ~ o0 m O~~ d N y ~ O ~ C O ~ > ~- w ~ w N to U a~ ~ d °- ~ m v a~ ~ v m >• ~ ui m N ~° ~ rn ~ c Z t~ > N (U ~ , ~ ~ m y C ~ N ~ V E ' -' (6 U O ~~ ~~ y C C>> ~p V U N U U C ~ N y` ~O U 01 N ~ 0 a~ ~ O O y - C CO r U C i> d H N O H F- l6 NI mV cQ c ca V ~ Q U F~- N O N a X N Z O 'D tU 7 C C O U 112 M I~ n n ~ N O O O~ ~- ~ ~tn~t000 et ~ ~~ ~. 0 M ~ OD O O O O 0 O ~ h O D ~ N CV r r 69 E!9 Ef3 EA ch I~ ~Oh d' ~ OO O N CEO r O (~ CO ~ ~ ~ f+MY ONO t0 O C Z ~ e!' O O ~ ~ h N ~ ~ U ~ '- l1 d4 ER 69 69 W V_ (O ' 40 N O M O O ' O O ~ ~M~ -O y y O W CO O ~ ~ ~ ~ '00 O y O (h Cr) O O CO O N J fn LL m ~ ~ O O O O W ~ ~ 69 fi4 69 -. ~~ O ~ ~ ~N N O M ' CO CO Z w ~ 0 C O ao Cn M N O C O O CO CO W i 0 ~ N ' N ch ~ M ~ ~ COO COO 2 H N v W N 7 y~ c~ M ch co O F' c~ ~ ~ cam ~ ~ U w O ~ -- Z ~O~ U ~ Z W ~ a W -O N F- Cu 'O H ~ N ~ ~ its U' l0 N Z ~v Z m '~ o m y ~ ~ E N C 14 °' p a C ~ w - rn U rn ~ d ~ a m y m m ~ i y a = mac Z ~ m ,,_ m O N +r t0 ~ N N~ w D. a ~ 0 ~ ~ rn C C N +y-' V 7 7 a C y ~ ~ - N ~ ~ U N O - N U .O C N fU y ( j ~ fd _ O' ~ ~ U f6 O ~ y U ~ 6 +-' O ~ w N C C T H l0 ~ ~- c a ~ Q ~ d U W iu ~ N y y io U H Z ~ ~ F~- 113 H W Q F- W Z D Z W N ~ O O N - ~ ~ 0 M ' _ ~ ~ w E i U v ~ d j ~ O -w~ i~n~ 1 Q W . Z ~ i w } Z_ ~ J ~ ~ lL C m~ H ~ OE N~ LL- O~ }[ H~ U CEO l~ ~ O ~ ~ I ~ N C~0 A ~ O N~N ~ ~•[ ~ r~ pp ~ . ~ to ~ N N r ~+ ~ Oi N ~ N, ~ ~ ~ ~+ 69 ' Obi ~_ ~ C~j pp~, ,~ T, +~ <p • ~ ~ , ~.. .~ OD ~ O (r(~ Q, ~~ ~ ~ ~ r. l^ CO N a ~ M ~ N N N J ~! - W .p ~ N M ~ ~ :. ~ (O ~ ~ N ~O OD + ~ ~ 7 ~ ~ ~ ~ i Ll) ~ h 0/ ~ ~ ~ ~. ~ ~ N N !M ~ I '~ F- Z y C rn • • a> W q ~ E in ~ w a ~ m ~ •E w ~~ ~ ~- N N C N y y N~ U U 'O C N N 'p p. ~ ~ N C7 > C C f6 X N N E w E ~ +.+ Z N o ~ ~ iii ~ y ~ ~ pU c m ~~ y '~ A V C~ ( O '~ C j C ~ ~~ p N a d~ V 0 a f`6 C N a ~ C ' ~~ C ~ ` T N O ~ O N C .fp O ~ ~ N N m ~ m ~ ~ ~~ C R~ E ~ N (`0 ErL ~ p ai ~ ~ O.' H O am ~wUO ~OQS~ ~~ O O Z N C N C f6 N C O 3 .~ c U O a N O N U C C y C ~ C C cyo 'rn a d a aci C G w .N.. .~ C ~ y y '~ ~ (0 lB U C C ~ m m 0 0 t= H i- 114 M ~no~ v M ao ao0 0 o m is v n. _ O O lp n 7 m M 0 f0 O r CO M fO ~~ CD Ln ~ N n~ 0 M O h ~ O) n jp O 6D N~ M CO O O CO M CO _ N O ~- dD~-~f0OM N ONCOO CnO ~ v ~ ~~ ~ v v aj lO v ~ ~: ' y ~ O O CD t0 CEO ~ ~ CEO O C7 I M ~ C Z~ N CO ~ O~ M `~ ~ OO N N Z U~ N .~ `per LL ~ ~ W U ' M W O O CO " O O O ~ O O -. > ~ may, mmaon ~rnNrn o ~ 0 o o o rn rn o n rn m rn oD _ !n !/~ O O. ~ ~ N ..~ ONf_ C07 COD OOD ~ ~ JN LL Wm n CO Z ~ ~ ~ Q. N _ `. W r ' eF 10 f0 CO 10 p ' ~ ~ n N lp n HM ~Z ~ y TU E O OMtfln OCD etn N ao n ~ O In _ ~ N M ~ O W a ~ a C ONv~ N ~ N mu)E c o~mm o rn o ~ H J C d~ N V Q ~ J Q 69 b4 ~ LL ~ S LL ~ C OVW LL y N U~} H fA ~ : :~ ' y c ~ ~ > ~ W F- ~ ~ > W lL O- , N C ~ Q ~ 'j ~ m - , _ ~ O- U L F- y 0 y ~ U ~ ~ y O M ~ N d 7 G C7 C C ( j r ~ y j~ y O C C V y C ~ E Z N ,O U v T a U c T a ~ N (p j C) ~ . ~ v ~ w '~ y m ~ O ~ m ~ y y N + y m ~ ~ ~ ~ ~ ~ a~i ~ ~ ~ w ~ ~ ~ ~ rn ~ c c - o ,t a> o~ v p- 'o m a w E ~ m m ~ ~ and v ~ ao ~~~ n ~ ayi~ ~ > . > . O U C y d~ > O ~ > U . N~ > y ` ~ ~ E E O c c c o o m o a ~? ' " ~ m Eppooo a E10f°w 0 0 am E O E er U m "O a i L L y y y L y O L y O y O~ w y y • " "' " ' ~ a 'O N C C U p C ( CS N y f0 U (6 U y Q a 0 N N 3 'a~ .~ E E E ~ y o~ 'C cco (~ w a y f0 o v y y p~ ~ c c O D U T T T O Z ~ O y ~ > Z ~ j 0, U CS CS y y y ~p C) _ . . C , C C L~~ d d O. L C Q L d L L L U U U U Z U U N m CS a X N Z c O N 7 C C U lis N ~ CO l0 N CO ~ O CO M M E O 0 0 1 A 0 N O O O ~ 0 0 M ~ O '7 ~ O O ~ CO 0 0 ch O N ~ h O OD).-CO Mf~~M~ ~ M l0 ~' N ~ ~ M `~ et ~" r r N O N l0 ~ 69 d4 d' CO CO ~ N CD ~ IA CO ~ I~ O 000 0~0 (O (O h O ~ O CO tt O 0 st h (O N N 0 (D ~ ~ ~ C'7 O O 0 r CO CO ~ N ~ r v ~"' ~ O CO M ~ l0 Z LL ''. '. EA EA W U CO M ~ 0 0 M O O ~ CD ~ t i a 0 0 CO ~ M O r h W ~ ~ 0 r .. ~ N , l 0 k+~ J N M ~ Z N E9 ~ d4 b9 W ~ HM O ~ ~ ~ CA N r M M h O 0~ 0 ~ l0 O ~ N 0 Z h C O 0 0 ~ y C D O D W i L ~ ~' ~ M ~ N M ~ CO (~ ~ _ 2 ~ v 'o N - ~ ~ ~ c Efi Ffl Cf3 y = ~ c OVwV ~ LL O} V m v; w ~ ~ L ~ tT „O-„ > I- LL U ~ C U l6 ~ U CCI _ ~ O O ~ C • ~ CA O- C O ~ C (7 Z t0 ~ to (U (0 ~ .n '= m ~~ ~ C c Z E~ V l a i a v rn a a~ d y ~ ~ o p w 'O m ~ ` ~ a C p _ O V N °~ ~ a~ c y a`~i ~ ~ 1° O U ~ L C m y O ~' ~ c ~° c °' m o a a m :° 1° U . ~ u i i v ~ O d o ca >> y a a m m o v w ~ •a u i 0 n ~° E x ~ o v y c~ E ~~ m m m~ aci ~'~ ~ w o y ~ a i $ n c a ~~ a; o o- n~ N~ ~ - - v m 'v O 7 C ~ y L 0 (n 'L7 = "O N -O d C 0 C C tl1 tU C0 C y fO d C C ~~ ~ ~ C O y N V C O C N p~ a E O U O f0 O 'C C O_ y 0 'C l9 O > CO >> a V C O O~ . N C d U Q G> U W Q C L L c as v ~~- ~ H `~ ~ m m v ~ Q c U m m o Q: Z Z 116 FIDUCIARY FUNDS Pension Trust Funds 1925 Police Pension - To account for the provision of retirement and disability benefits to police ofFcers hired prior to May 1, 1977. Financing is provided by mandatory con- tributions by active members, state pension relief distributions, and a spe- cificannual property tax levy. 1937 Firefighters' Pension - To account for the provision of retirement and disability benefits to fire- fightershired prior to May 1, 1977. Financing is provided by mandatory con- tributions by active members, state pension relief distributions, and a spe- cificannual property tax levy. Private Purpose Trust Fund Cemetery Trust - To account for donations and a portion of the proceeds from the sale of cemetery lots. These funds are available for maintenance of City ceme•• teries. Agency Fund Payroll - To account for the payroll of City employees and pension benefits of the Police and Firefighters' Pension Funds. Gross payroll and pension benefits are treated as expenditures in other City funds and transferred into this fund, which serves as a clearing account. 17 O Z LL H Z O Z w a H W N m Q 0 N _ ~' ~Zc'> ~ ~ a tL ¢ E ~ CJ ~ H O D U LL LL O H Z w w Fa- Z Z 00 U a ~ ov ~ ° tD ~O' ~ c o c ~ ~ a Om C '~ O M N N O P ~- ~~ M ~ lL U O fh CD N ~ N N ~ r p F N f/! ~ ~. d ` ~ ~ ~ ~. .. f~ M M E O f~ N O - ~ ~ ~ M CNO ~ N ~ tf ~ N , .y. 0 O Q O M IA V M; ~ ~C M ~ N ~ ~~. ~ ~ d N N N ~ ~ ~ ~ N U P N In N M O n O O 0 ~ M p~ Q 1 ~ p 0 C ( D f 0 C D t 0 ~ ~ a c? ~ v_ `t ~ b4 ffl {y ffl a m m a rn c ` y o c y C y N C L '= ~ > V ~6 y N 3 C y .~ ~ ~ ~ ~ ~ c m a ~ n ~ C E U - T O y O~ U y y ~ ~ y (6 T ~ N ~~ d y m m~ ~ ~ y y y d - ~ ~ m ` O ... n ~ o y a~ a Vy7 y U- N ~ ~ U U w0 N .~ W Q U~ Fes- ~ Q Q H Z = 11g °v rn ~ ° m rvi o a0o m C O O (O t~ CO Cp 00 M p ~p Ch N IA ~ 00 r O OD ~ 0 p H N O O ~ 0 0 ~ a ~o r~ m ao vi v fn ` ... N ~ M ~ ~~ In O N r M (A N W ~ d c .~ M 0 OD 00 CO M (n to 00 Q ~ ~ ~ C ~ ~ ~ 00D ~ v OND ~ d d' M M M M N N W LL Z bg Q O 0) N f~ ~ N ~ COO ~ t` ~ N U C N (A r CA O In M In _ °- p O a '~ . ~ CO ~ ~ CC) (A °r ~ ~ C'n O o ti ~ cn M 0- ~ 0 ~ v ~ Z a W d ~ a M M 'a ~ M N Z _ m (n LL ~ ~ E~9 ~ W ~ ~ ~ Z ~ ~ ~ ~ f = ~ LL U Z c O~yOw ~ O U ~ w } U Z way ~ ~ w ~ w z N z ~, m ,~ ~ m U o rn ._ 3 a $ m a o - '~ c 'c c rn c a c S c axi ~ ~ ~rn ~ v C ~ ~ ~ U ~ O ~ ~ ~ d W ~ O E :~ ~0 ~ ~ ~ C ~ ~6 ~ .N. w cp ~ ~ ~ > t F ~ ~ ~ .U win F U y ~ : o ~~waa`O ~5 ~ m m , ~ ~ ~ ~ Q U Z H ~ opO Q Z Z 119 STATISTICAL SECTION (Not Covered by Auditors' Opinion) 120 00 l~ O M ~-+ N O N ~ r M N N O ~-+ ~D N O~ 00 l ~ ~D 00 N o0 00 N d~ ~ ~ ~ V ~ ~ M W ~ ~ v 1 l O . -~ O N ~O N [~ 00 ~ O M l ~ O H p ~ h~~ n 0~0 X 0 0 ~ .-. .-+ rr EA v1 -~+ 00 V1 M [~ v1 l~ l~ O ~ ~ ~O 00 N ~O N M v1 O~ l~ ~O et N[ ~ ~O N~ O O D 00 ~--~ O M_ ~ ~A M l~ ~ ~ ~ ~"' ~ ~O O , • ~A ~ O~ O~ bA .--~ .-. ... .--~ N N .-~ .-~ b ~ O ¢. y N N~ N~~ N~ N~~~ N O ~'. ,~ N N W 00 M N 00 M O M ~ p, h v1 n N O~ O~ O p~ O~ N M ~ 0 O ^ ~ OMO^ M 0 0 N h ~~ V p '~ ~ U1 V1 ~O h V) l~ ~O ~O 00 00 ~ ~ N N O 69 F b ~` N ~ r~O°o ~rn~ ~ v o i O o~ooorn~oo~oo~v~ ~ w .a "U" ~ ~O [~ 00 ~D _M O ~O ~ ~ N ~ F A 0 Q\ O O M n M O\ O~ ~ 0 ~ p a ~ ~ ~ ~ 00 ~!1 V1 h ~ ~ ~O l 00 ~ ~ ~ ~ ~ ~ F 0~ ~ N Q\ N ~ 00 .-~ •-~ V1 I~ Q\ DO M h ~-+ M 00 ~O Q\ ~ ~ O F ~I A p a0 ~ O~ tt O 00 M N A ^~ `~. t . eC N N O 00 00 O\ O~ M ~ N h ~ vNi ~ n N ~ ~ ~ N ,«~ O~ W a ~ ~ y c pa~CF"~ Ua, ~o~oov~oio~o.-~M r. r. .~ ~ ~ xW~ b U F'' z~ ~ oooo~oooooo o 0 o M~ o 0 0 0 0 ~ ~ w W O W Ov~v,.-.~ooccc ' ~ ' ~ O A ~ ~ f v1 v1 O O v [ O N N V ' H x iti ~ h v i v1 N ~ ~ ~ ~O ~O l~ N ~ x3 ~ ; Y ~~ b W ~ ~~ ~~ N O~ O N N M Obi j N ~ \ ky Q A W 3 k3I ,~ ; ~ ~ .-» ~ .r v M ~ l ~-+ O V1 O~ M ~D O ~ M M N ~ Z Oq ~, 00 ~O V1 00 ~ O~ M O~ O O~ ~ ~ W C ~ ~O C~ C~ O~ N O~ ~ M ~ ~ -. .-. .~ .-. F~ M cd . _N Q~ ~ O Q C V 00 O~ ~A N V' 00 M l~ ~O ~ 00 ~ ~ a ~O C ~ p+ ~ ~ h l 0 ~ N N M ~O M V1 M N 00 W ~~ ~ 44i ~ M N bQ» .^r 00 .~Nr O~0 ~ ~ ~ .Ni 00 N ~O O + 'b C ~ O ~ ~ ~ N N N N N M M M M M N F, { H ~ .b ~ 0o v1 O ~ [~ O N ~ .~. D\ ~ ~' ed ~ N 00 O O ~ ~ N O V1 ~O N ~ N~~ N N~~ 00 M ~ N ~ p N N . . l~ ~ O vl O~ a0 O ~ O~ t~d~~-+oo vi~000~0~ Q + ' p C7 ~p vi ~O vi vi v~ vi [~ ~O oo y ~ ~ 6R ~ 'n o ~, C7 y ~~ v~ O~ O~ a O~ O, a, T O O O p N ~, ~ u Cn O~ 01 ~ 01 O~ 01 N N N ~ O " ~ N r~ t 121 l~ N 00 O ~ v1 00. d' ~ ~ O N .r O~~ •--~ h N V7 N 00 a •--~ 00 00 l ~ V'^ •--~ 00 00 O h ~O t~ v'i Oi M M t~ 00 ~-+ ~ N N Q M ~O O\ M O 'd' N ~O •--~ M M H h N O~ O vl M~ O~ O~ O O d• [~ N G~ N ~D N O ~O O~ M .--i 00 N V1 l~ M ~O v1 O ~ 00 •-••~ ~ l~ ~ C1 N •-•+ N h N •-~ l~ 'd' ~D ~--~ V7 ~ M N ~O O •--~ 00 N ~--~ ~O V O N M M .-+ l~ N N N N~ d' M M M ~O M M 69 ~ ~O 00 ~D ~--~ N ~ M 00 N O l~ N O .--a v1 h 00 .-n 00 ~ N N M N~ O O 00 ~O [ ~ t~ M c*i ~ l~ M [r v7 N N M •--~ ~ l~ 00 h O ~ ~ 00 M ~ ~ N') N O d• N 00 M O O 00 h h W •--~ ~~ N ~-+ N M M M N •--~ O O 64 ~ ~ ~ y b N ~ ~+ M ~ M C1 N ~ ~ M h ~ ~G o0 M ~O ~ ~ V') O~ O~ .-r M N ~ M O~ ~1 N O~ 00 O tIl 00 Z ~ ••~ vi ~ M ~ --~ --~ V1 y • ~ h ' h [ ~ N ~ • .--~ N ~O Q~ 00 [~ •--~ •--~ N~ W ~ ~~ •--~ N M N ~ z ~ ~ w z ~~ z z~ F ~ N M N~ \C h N N M ~-+ d' ~t V1 00 00 [~ O l~ M ~ O~ l~ 00 pq- ~•° o~oo~o~o~MOOVcroo Y71 ~ ~ ~ ~ O N ~O I~ •--~ N ~O 00 ~O [~ U W U }, M d• v1 ~O ~O 00 O~ O •--~ N M O i y ~/ W .-. ~--i .--~ .r O ~ '.I ~ _ ~ O M N ~ 00 ~ r-+ ~ N ~f V1 ~" b ~ N Q a ~ ~ ~ ~ ~ N ~ O ..-i .-~ .-. d• ~~~~ .~ ~ q ~ • ~~~ ~ ~~~;~~~~~o~~ k o ~ °+•~ ~ ~ ~r ~o ~n t~ v~ t~ ~n oo vi [~ M v1 c1' M N O~ N O O~ 00 " ~ ~ ~y N ~--~ ~ t~ 00 O O O M N V1 M ~-+ O ~ ~" O F~ ~ ~ A ~ W ~ * .~ ~ ~ a i ~ N ~ ~/1 N O N O~~~ a i ~y ~ 'd M v, N~ V N v1 N ~--~ [~ N N M ~O ~--~ M M O^ V' M 00 N L a ~~ ~ ~ M N l~ h [~ 00 M 00 l~ V1 lp ~ Q .--~ 00 O N h ~O 00 00 O ~ M ~ ~ ab ~ ~ H ~~ 'b o N ~ M M ~O .•r O ~ O~ M ~O N l~ •-+ ~ O M 00 M O~ M 00 l~ •--~ ~ ~' ~ ~ ~,' ~n~~o.-~o~oo~~coov~o ~ ~f 00 00 O M O 00 d' N N t~ •.+ l~ O~ O~ O ~O 00 00 ~O C~ ~ w ~ ~ ~ l~ ~O 00 d~ M O ~ 00 ~ U1 ~O ~ y CO 00 O N ~ C1 00 ~ ~ r+ 00 M M ~ ~ d' '~t ~ ~ h ~O ~G l~ ~ .~. ~ U ~ •~ a~ ~ ~-' p ~ Q t ~ ti .,. ~ rn y 'b ~ iy ~. ~ U N M d• ~n ~O [~ o0 01 O •--~ N O~ O~ O~ O~ O~ O\ O~ O~ O O O ~ ~ N ~. C~ O~ O~ C1 O~ O~ O~ O\ O O O ~ Q # 122 ~' QT '~ n`°. p, o c o 0 o c o 00Q > ~ M 00 et O~ ~O p a ~ ~ N N N [~ ~--~ (~ 00 C ~~po tv~~ a M M O N ~O M O ~ 00 ', w ~O ~ ~ ~ ~ ~ M ~--~ O ~ ~~~ ~~ ~ ~ y69 N ~ y M ono. ~ N O~ c a-+ ~~ ~ S '"'~ K a ~--~ M ~--~ N [~ M O O ~ ~~ ~ O ct M ~--~ O O N t~,;OCJ V1 ~ ••+ N ~p ~, r,....+ N 69 ~j' ~y ' ~ ~ 0 0 0 ~ _~ o e ~ G~i ;~- ~ ~ y~ dN' 0~0 VMl N O ~ O r h ~"~ ~y a ~--~ M •--~ N l~ M O A Z o ~ c c ~ M .~ O -zr ~ N ~ ~ N E"~ ~ 69 W ~ H ~a O O N 0 0 0 0 0 0 0 ~j' ~' N C~ ~D O C~ d' O O U N w ~~ y v'i h~ ~O O l~ O ~l ~"`~ ~ .-a O M ~--~ N l~ ~ O U ~ ON ~T ~ *'y ~ ~ ~a N ~ O .r i~ 69 69 ~ a ~. ~' ~ ~ ~ ~"' a~i U ~ ~ a0i U ~ '~ ~ '~ V O ~ '~ U for ~ .. U ,~ .~ y ~ ~ U o .~ ~ C7 ~.~a~ o ~A +.' C7 ~.?~a~ o ~A A ~ UE-~v~oav~ H a o ~H~o'a""~ H 124 c ~ °a ~o~oo~o~~~N° \Or~oi N N N 00 V1 ~O V1 ~O V~ ~p ~ ~ U ~ O\ l~ lp M l~ ~O [~ 00 00 O\ N F" H ~ o"~ Q ~ p ~ b ~ A ~ ~ ~ U C.' ~~pp O W~ v ~ a~i ~'pN~O~Q~~h~ ~ w U N N y N ~~ ~ N h p ~ o~ ' ,~ ~ a z zo n QO ~ ~,~~~~~ ~ U ~~~ ~vA ~" ~ W ~ ~ H F x W a ~~ H .Ni ~h ~ n F ~ ~ '~t t ~t~Ooe~ a p W U ri vi oo N o~ a Q a ~ ~ o~NMM.00 y ~ Ov ~ ~~GMt~ a+ ~~.j Q wow .+.* .-. ..r ..+ .--~ ... .~ ~,~x, ~ U~ d R q +-~ 0 0 0 0 0 0 0 0 0 0 C ~ \ \ \ \ \ \ \ \ \ \ b QH ~ ~ • p V ~ N O~ N ~ N ~ O N h ~ ~ Y:~ ~a v V1 V'j ~O ~O v1 h ~ ~ ~ M p; Z ~ ~ a ~ a, a, a, o, a o~ o, o~ a, a\ x a ~ ~ c ~ H H U U `° O ~ ., i< m N l~ ~_ 00 ~D ~' N_ V M O\ O H O M r~~ .Nr O~ h~ r x y$ O\ ~n N O\ C v1 M O M O h O\ 00 00 ~--~ N N O\ O\ M ,O V 00 l~ ~ oo O\ ~--~ M O O\ y U N N N M M~ V~ vl ~ 'b O 69 U iF iF iF •lF iF iF iF ,~ ~O l~ .~ ~O M ~D O V1 V1 l~ y ~--~ l ~ N M O 00 M V N ~--~ , y ~--~ N l~ ~-+ l~ Oi 00 M N M N M ~Y ~ ~ d' ~ h ~ ~ ~ N w ~ 3".. F. .ai ~ ~ ~ ~ M d' ~~ n 00 D\ O ~--~ N y O ~"' O\ O\ O~ O~ O\ O\ O\ O O O ~ cad q O\ O\ O~ O~ O\ O\ O~ O O O c~ O \ ~ ~ \ \ ~ ~ N N N _ y iG U O~ p~ O\ O\ O\ O~ O\ O\ O O +~ ~ ,?? C~ T O\ a\ O~ O~ O\ D\ O O O C C .-i .~ .-. .--~ .-~ .-. N N [..~ . U 123 v~oo~~nt~oooot~.~ N M 01 00 e{ M 00 N 00 ~ N I ~ V1 ~ O N O~ l~ ~' of .+ ~ 00 V) ~O M [~ U1 N l~ [~ ~ ~ ~ 00 ~-+ l~ ~--~ M V1 N Q\ N O c0 ~ rt O 00 h ~ d;, 00 00 V) F a 0 W a aO yyGQ ~ dF~ O w zW~~ ~a F ~~'FU O d {yO'F~ P~ U~Q G7 W W Q F A W W Q H F+ .~ :~ a a~i a '~ ~ Q\ ~ O~ l~ v1 t~ l~ O\ t~ ~D ~O l~ O\ N M h [~ M ~ l~ W o0 0o Oo 00 0o OO ao O\ O\ o0 .--~ .--i .--i .r .--~ .-i .-i .~ ..~ h 69 00 N O O~ v'> 01 ~O ~O O~ l~ _ ~ ~ ~ ~ N 'd O~ h O ~ ~ O O `° N ~ 6 - n N~~~ O M G M i ~ M eh O N 00 00 lp N 00 ~ ~ CTS - N N M O~ N e~ ~ ~O ~D ~O ~O ~D ~O \O ~ ~O O~ 69 ,d ~ O O O ~ ~ O ~ O O ; i i O O N ~ y ~ ~ --+ O oo v~ ~ ~O O~ M ~ n M O h N~~~ ee N ~ ~' ~ ~D O O .-r 00 ~O 00 t~ W r n oo t~ t~ ~o t~ t~ t~ v~ N 0 0 0 0 p Op 0 0 0 0 0 N~ OMO~ n 0 0 `p OHO OMO N M I ~ ~ M O ~O [~ ~ O t~ O 00 00 ~? t~o~~00Mho~n~o~ N ~ M O~ h ~ 00 00 Vl O\ Q~' V h `O M M N M h ~O ~!1 N N N N N N N N N 00 b9 O~ ~O O cl' M oo .-+ ~O N 00 ~O N 00 N ~t N M O~ tt O~ b v~ N M ~O O~ O N O~ ~ o0 ~ 00 ao h ~O O\ O V1 00 vi ~ O O M N ~ ~ \ ~~ N~ N O 'y ~ O ~O ~O l~ ~A O ~_ ~ O ~ W ~ ~!1 ~ ~A h ~ ~ OC ~ va M N O 00 ~D [~ N ~ ~ ,b N ~ ~O O 00 l~ [~ M ~O h [~ ~ N O~ ~O O M ~/'1 O~ a ~ ~~ ~ 0 0~~ r~ n O N y ~ r ~no~o~oo~o~vo ~ ~ ~p 00 ~!1 DD h ~--~ M M ~ O 69 ~!1 O O M N O~ [_~ N V7 M b ~ N O~ M b N~~~ ~ ~ h M .M. .~. 0~0 ~ b N hV ~ ~D O\ l~ M V1 N l~ M .--^ V '~ '' ~ v1 .-~ O b M v) .--~ h o0 ~A ~1 h h M ~7 V1 V1 ~O W M M M N N N N N N 00 .r .. .--~ .--i .--~ r-i .--~ .--~ .-. M 69 V'1 O O ~--~ ~ M O\ ~' h .-. v1 N N O N M M O~ M "d O H O 00 ~-+ N l ~ 0 O ~ t ~' ~ oo ~ o OO ~~v ° a ~ ~ v v t~ o O i i ~ N ~ ~ ~ ~1' ~ ~ ~ ~t a~i ~"~ M ~ O~ O~ O\ O~ Q\ O O ~ ~ ~ O~ ~ O~ O~ O O p ~ O ~ ~ ~ ~ ~ N N N x "~ ~ N M 'ct ~n ~O l~ 00 O~ O ~ O~ O~ O~ O~ O~ O~ O~ O~ O O e ~ ~ O O~ O~ O~ D\ O~ O~ O~ O~ N O N U O\ Q CC a V'1 a, a .~ .~ Q O rn Q O ~ y ~ p _C 'b > •U ~ ~'"Fy" o 'b U LL y . ~ ~' 3 0 w 'b O C 4, . a e0 LY, O N ~ ~ .b N '""' ~w W o x \° y O 'b ~ ~ O M U `~ ~ 3 o n ~~ ti ~ ~ y N ~ YVi N U ~ ,d ~ O ~ O O +r V ~ N ~+ N eO 3 0 i ~ N w ~~ c ~3 o c N ..., ~ ~ a~ O v N ~ ~ N F 125 .~ ..._. ~' M _ V 1 ~ M M N O [met l~ o 0 N ~ O1 ~h pp l~ C~ h ~ M ~--~ N \O 00 ~ O O N N M N ~ 00 00 M l~ ~ N ~ ~ N 01 . i ~-+ ,..~ I b9 ~ z 0 d H d A a N ~ , ~ A~ z~~ a ~ ~ e x~~ ~ d OWE wz„ ow~ ~°o F ,'~. _, U F W A O O O ~ 3 ~ ~ n °>E-~~ooM y o0 M N ~+ M V1 O~ O a ~--~ ~ M 69 b9 -o •a a o a ~ o a ~ o a~ •.:. v~ ~ o '' ~ .Y ~ ~ ~? w ~ °' w w > ~ a~ ~ a~ ~ i ~ o ~ ~ ~ °' A c c ~ ~ ~ o b °' ~ °: ~ a o c ~ a c ; „ o ~ • o, o ~ ~ > 'b a ~ ~ ~ ao ~o ~ ~ aki ~ ~ ~ o ~ , , ~ ~ a ~ ~ ~ a ~ ~ . , . c~ FF- y mW HF ~> ~ o a~ v a i i t7 a z ai U 0 y w O Y b 0 U o, a~ 0 ti rig .~ 0 126 d F a W a H w A AW Z Ho W '""' z ~' zz~ A~z A~z ~ _ d ~00 ~ E.., ~ ~"~ ~ -~i U A ~ A W W~ zz O N z W G7 H W w O A ~ z~~ o p; Gq i ~'' z~~ O A a U Q ~ '~ a ~ F" a~ z~ L: O •~ ~~ o A d ~A C7 ~ O ~I ~ ~a 0 .~ a 0 a ~ ~ 4, ~, o .~ H ~ 0 o,o~~no.-•~ooN~na, O 01 ~O l~ N [~ O l~ 00 l~ d' N N •--~ N l~ ~ ~O '-+ ~p ~ d' ~' ~ 'cY M M N N ~--+ o h o ~ o ~~ o ~ o ~ d' ~ N O N ct v1 ~ ~ l~ l~ l~ I~ l~ lp N ~ M O C O O O C C O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ooooo~oo~o oooo•-•v~oooov~,.-~ l~ \D ~ ~' M 00 M 00 M 00 ~ '~t d' ~ ~' M M N N ~ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0000000~~~ O O O O N M~~ ~O [~ ~--~ ~--~ ~-+ '-+ N N N N N N 69 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 oooooviovio~.-i O O O O M o0 N M N 00 00 l~ ~O V~ V7 O ~O .--i ~ O ~ ~ rt ~t d' ~i' M M N N 69 0o N O O~ v'1 O~ ~O ~O O~ l~ O ~-+ M M O~ ~~ 01 O N ~ O~ U1 O ~O l~ ~O V1 00 00 N [~ N l~ d' ~n O M [~ M M ~ O N 00 ~--~ 00 ~C N 00 M ~ M C1 '-+ Q~ ~ lC 01 00 N N M O r-+ •-+ N d' ~~ ~O ~O ~O ~C ~O ~G ~G ~O ~O O~ oo--~~oo~000000 ~oov~v~.~~~~~c~ ~O l~ v'~ ~n N N C~ l~ l~ t~ O O O O O O O~ O O O M ~ N ~ ~ 00 C\ O ~--~ N O~ O~ 01 O~ C~ O~ 01 O O O a, a,o~rnrno~c~ooo C1 01 C~ O~ Q~ C~ C~ C~ O O C~ 01 O~ ~ CT O~ O~ 01 O O N O 0 N «3 0 ~_ a~ a~ >, ~' b N N .~ y c~ U G 0 4., b .~ 0 U .~ y .~ .Y ~1. O a iF 0 ~~ ~ ~ 'b - i ~~ ~. °' 3 ~ ~ w o ~, ~~ 0 o .d o~ o~ ~~ c~ M V O ~~ O y '~ ,--~ '~ ~ ~ ~ ti ti N Q U ~ ~ O '~ 'C y O ~ G U U ~, 3 ~ ~ ~ ~ ~ N ~ o ~3 o ~ N C .~ ~ ~ ,--~ ~ O ~ o ~ N ~ .N., H H 127 "d" E., al q A o° z ~ N .~i xa~ W 0 y wOA Ua O U H U r~-i U N H h '' ~ ~ O O N O ~ ~ .-. N N .-. O o 0 ~ vi t w o0 0o v~ t oo O\ t+f h M 00 .--~ ~-. .-.~ ~ ~ O O ~ ~ O O ~ ~ ~ O O C t~ vi v; ^" N O N O (y 69 69 b a w N N A 0 U H ..r A~' W y 'b ~ `a b~ .~ s ~ o ~ .~ r'.' ~~' b " ~ a o. .b .a ~ b O N ~ L', ~ ~~..,~U o ~ Fo- rU-1 b O ~: c~0 a Cd b O F U U .~ ~"". b b~D a H a x° d E~ W a 0 a Q 7 y a w 0 \° N N Q C U C/] h b o"oi `~ • bb ~~ s o ~ .~ ~ ~^ 'b ti U ~ ro w .d .~ ~ 'b O N ~ ^ w.fl U o :° y c F a b O r? a edO a~i b N ~' O Q ~. b Phi G .~ f,' d b b0 a 0 .~ .~ .d U U ~~.q~ F+ C 'C ~. 4. O .~ ?: .; G 0 .~ M O N cd a. 0 0 N F-~ a c ~ N :~ .' 1. Ufy O C ~ U R3 C QUID ~ ~ N `=' ~ O y~+U W ~~ b v ~ >~ O N ~ . ti p 'DC O ~ ; ~ ~ c%~. ~ O ;q ~i v cd N ~ ~ ~ ~ ~ ~ ~ a.~ C y m •~ .~ N 30 ~ N .. O y 'd ' O ~ N e w ~ ~ ai p .~ '~ ~ `° o 0 w ~ :d ~ a~~-"~~ ~..~ p ~ ci. W'~-. a~ ~ b O C .O «~ U L'. ~ 'F+ y ~~~~~ ~ ~~' oE~" aoi ~ :~U ^ a+ ~ O a;' b U Y O N o aoi •~ on > J ~ c ~ ~ b ~ o °^'>~ ~~~~bb b A ~ aoi o S; .U .~ ~ LL'C. vi a o~~ O~ ~ ~ c ~ >~ ~• U O Q C, ~w~ ~ ~ ~~ y O C C ~ ~ ~ ~ .~ ~ U a ~ ~ [ ~ ~.~ b •° ~ .a .?~ b o N~bA O a> d o .~ W ~ ~ ti 128 a~ U .~ ~ ~ .. .-. C/1 C: ~~. ~ M \O ~D ~p 00 [~ [~ l~ ~p ~p •-+ 0 0 0 0 0 0 0 0 0 A O ~ O Fr i~G H P~ W A A W Z W ~z! a a O z~ FN w '"' xw oW ~w wU 0 H W v ~' N as w A W z z d w O O H o p W C~4 F y ~fi 00 ~ O N M ~ N~ O \p M N N ~--~ O ~--~ \p N ~-+ H C ~ 00 [ ~D 00 N 00 00 N ~ ~ ~ \p ~O M 00 00 c1' M p~ N V7 V7 ~--~ l~ ~ ~p ~ ~p 00 l~ ~--~ (7 ~ N ~p N l~ 00 ~t O M l O ~ N M 00 N 00 00 ~D O M tl p W .-~ .-, .-. H \G N 00 G1 O 00 M O O 00 M ~p v ^ ~n O et ~--~ ~--^ oo [ ^ N et ~p o0 N N M M O ~C b9 ~p N o0 O~ O o0 M O O 00 N ~ ~--~ r+ ~-+ .~ ~ N M ~ M ~O V1 ~!1 O ~ ,--~ •--~ 00 l w N d~ \p 00 N l~ 00 00 N ~--~ [~ ~t M N 00 O 00 ~O ~ N M M M M N N ~-+ ~-+ ~ ~--~ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 co 0000000000 8~ ooooo~iv~iv-iv~ivi ~ I ~ O O O N~ ~D 00 '-+ M a ~ ~+ M ~ ~n ~D l~ 00 O~ O .--~ N ~ ~ ~ ~ ~ ~ ~ p~ O O O O~ O~ O~ C\ O~ p~ p~ O O O ~ ~--~ .-, .-+ ... ~--~ .--1 ~--~ N N N 129 ~ o 0 0~ o o +-' c~ M N ~O O oo O ~t ~O h N ~-+ A ; M ,-. .~ ~ ~ [~ ~O l~ ~ l~ O ~n ~ ~D v~ ~n ~o ~G ~n v~ ~C ~n O U O~ 00 ~~ CO 00 M M N M V'1 O ~ t/') h M M ~O lp 00 \p O~ O O t ~ 'ct o0 00 ~O ~ l~ C~ h~ M N ~O O ~' ~C \p N M ~ ~ •~ •--~ ~O •-+ O N ~-+ 00 01 ~ C1 ~ O~ O~ 01 O~ O~ ~D 00 E"~ ~ ~ ~ N .i". ~~ O ~!1 00 l~ 01 00 00 M M N M V~ O Vl h ~ M M ~O ~O 00 \p ~ ~ C~ O O l ~ ~ 00 00 ~C ~t t~ O~ ~ ~ O ~O M l~ ~O O G~ ~D •-~ N 00 00 V~ \O ~ 00 .-. 00 ~O ~ 00 M ~ ~ ~O ~ ~ V' ~ d' M M M ~O N •,.~ ~ W O ~ V ~ C/~ a~ 6A A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O z 0 0 0 0 0 0 0 0 0 O z ~ i"'r ~ N co ~ V' ~ ~n h ~ v1 ~p a ~° ~ ~H a H ~.y W~'' ~ a F"~ W V ~ M O O C1 ~O ~O v1 M O M 00 moo,'-•oo~oo-•,~,~t~N ~ ' [ 1 ~ ~ N O M ~O O~ O O M O ~O V7 ~O v'i .--~ t~ ~ ~ l~ O~ O~ ~D l~ , ~' O O M N O l~ O O M Q~ 00 l~ ~ 'j H O O~ ~O ~ (~ ~-+ O M O~ V'~ 'ct W W h ~ vi ~ ~ ~ ~ v'i ~ ~t `7 ~ H a ~ ~ U A 3 ~ x U ' qp * ~ O [~ 00 ~/'~ O ~ h ~ 00 M N N M oo ~--~ ~ .--~ O~ N o0 00 ~,~ ~ ~ ~ O~ oo l~ O~ l~ O N ~--~ rt o0 ~ H ' ~ m ~ O~ 00 '~t ^~ ~--+ N l~ M ~D .-~ 00 '~t ~-' ~ N ~D M l~ ~O N O .-~ y ~" C~ ~t V1 M et d~ ~ ~ ~ 00 ~ O ~ O ~ ~ ~ O W 00 ~ ~O [ ~ ~O ~O l t~ l l ~ O l~ l~ .-+ ~ ~ 00 O~ •-~ •.-+ pp ~ ~ ~-+ ~' [~ O~ O N O M ~O ~ ~ l ~ O ~ ~ 00 00 O ~O ~-+ ~--~ ~ vi ~++ ~ V1 t7 ~D O~ ~C ~C ~ N ~ 00 ~O O ~ N ~~ M N M M 00 O N 00 O~ ~ O M~~ N h~ V') ~C M O Q+~ ~ N N N N N N N N N N ~+ I N M d' ~ ~ ~ 00 G1 O ~--~ N ~ ~ ~ Obi ~ Obi ~ ~ ~ O O O 4, O N •~ O +' N N L" e~ ~ ~~ b ~ ~ 0 3 `~ b U ~+ ~~ b ~ N Q ~ ~ rn ~3 ~. ~, ~~ ~~ •~ ~ ,~ ~ E-~ dt 9E iE 130 U ~ o o~~ o ~~ o ~+ ~ ~ N M O 000 ~ ~ M 0~0 .a w M M N N .-~ .-. ,~ .-~ .--~ U N A c U W z QW o ~o~d ~~oO [ ~ W wWFi••i xz~z ~~~~ O~Wa ~~dU ~~30 U Q ,,,, x x O O O V') O V1 M M O O ~O O ~O O o0 O~ N d' O M O~ ~ 00 M h \O O~ V1 ~ V7 ~D G~ O O O O N N N N N N ~ U O O O h O h M M O O ~O O ~O O 00 O~ N '~Y M ~--~ 00 r.. O ~ ~ O~ ~ .--~ / O M V' ~ M 00 O ~--~ ~ ~ ~ M N ~ ~ ~ O M V') y N N N N M .--~ .-+ O --~ . U_, r-i .-i ~--i .--i ~..i , A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .~ oo~o~~~;~~ U ~--~ N M h 00 M O [~ V'1 .~ N N N N M v) \p ~O l N ~" N M V1 O `O M N --~ l~ V1 W O C." "" M~ M M O O v1 N M M C~ O~ Qi vi N [~ ~D 00 ' ~ ~ I~ ~D ~O M ~O ~ 00 ~O M ~vornoo~rn~~ '~ ~~~ V thMMV1 z A ¢ ~o~OOOV~o00~ pq y O ~ ~ M ~--~ ~ ~--~ O~ ~O '~+ vUi M 00 01 N h ~ ~ ~ l~ ~ ~ 00 V7 O~ N d' M [~ N ~ y N o0 O ~ ~ v1 ~ ~--~ ~ M O W ~ ~ ~ vi v'i ~D ~C ~O ~O 00 d' O ~O M ~G l~ V') .--~ ~ ~ O~ •-1 00 ~O ~--i M 01 N I~ r+ --~ ~O l~ M 00 N er O ai '~+ p I~ 00 00 ~ O M N l~ ~O _ N ~ ~ ~ ~ V V1 ~ 0 1 0 O ~ ~ \O ~ \p O O O Q~ ~ .--~ .--~ ~--~ r. 69 ~ O~ 01 O~ O~ O~ O~ O O O O~ O~ O~ O~ 01 O~ O O O .--~ .-~ r. .-~ .-~ .-r N N N 131 * ~ a o c~ N O\ ~O O OO ~y ~y h O ~ v7 ~O ~O N er O M 0 0 0~~ ~O N N C O O C !~ j O O N O n N o0 b O O n ~ c} V O ty e0 .~•~' N ~ ~ .^-~ .v1i ~4. 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A U .-" ~ ~ ~ 'd O O ~' of M ~ ~ ~ l~ ~G ~-+ ~ ~ ~ O v ~ N t~ ~ °~ M M ~O 00 ~D ~~~; ° U V 1 N M oo ~ N O 00 a~ ~+ N M N ~ ~ OO N O~ O ~ O N V ~ o O^ ~ O^ ~ d L7. ~ N~ .--~ p ~ C N C ~ yq 69 ~ ~ o 0 0 0 ~o ~a ~o ,~ ,p ~ O O O N ~ O~ ~--~ ~ N v ~-' O O O M V1 ~ N vl a.¢v°~ . O O~ N O O ~° O y ~ a-+' 00 d' ~ ~ ~ K~1 N °O1 C b~ O N ~ O ~--~ v^ N M ~° 00 .--~ .-i rr ~s ~ = ~.. A , c ~ W -d ~ ~ ~ r, ~'' v~ ~ A ~ ~ ~ ~ ~ p A ~ ~ Q ~ Q Q O, ~+ _ ~~GQ on O ~ a~i A o oU~p.r ~ a~ .r ° ~ ~~ a' ~ O A ~- ~ 0 A .~ ~ Q o~ ~ o ~ ~ 0 0 a i .~ ~ ~ o o .- H H ~' ~C7~w F ~ O ti , ~ v°~a~ v v C.~ U ~ ~ 134 o • ~ ., o ~ w ~ ca ' u b . ~ ~ -o ~ ^" (3a 3 ~ O O ~ ~ \° ~ -' ~" O y O +.. O a ~ .~ M M ~ O .~ W ~ o ~3 ~ ~ a~ * ~ a ~ ~ ~ > ~ ~ N ~ ~ ~ ~ ~ ~ ~ v ~ ~ ~ '~ ai ~ ~ ''' ~ N d 00 O y ~ v ~ ~ f: .fl ^ ' ~ N j O Q ~ N U ° . N ~ ~ U o ~ °' M ~ y c~ iti ° • ~ ^~ ^' Y ~i ~ ~ ~ O Q~ ~ ~ N .~+ ~ > `~ ~ , O , a w d ~ ~ ° 3 ~ o ~ ,o o a~ ~ ~ . 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G A 1 ' 1 C ~ M V1 t~ 00 0 0~ t~ 0 0 0 N ~ W a W M N O n '+ h ~ » ' D z ~, ~O Vl'/lvf~'M~~~O~ N o G ~ N b Qi S " N y p U y ! y N cad W V1 Q 7+ ~ ~ A F" '~ o e o 0 o v o o v o ° ~~ rZi ~ ~"~ , ~, ~ y ~ ~ a> I~ l~ O o0 00 V M o0 CON-.+.-•OCO^vi ~ ~„~ tV S O V ..~.+ ~ Ad' z F~ „~ a c d • ¢d• 3 a~ ai • ~~ `~" ~~~ ~ ~ 0 ~ FL UU ~ ~p h ~ ~ M p C~ ~ ~ vV~ 8p ~ O O Q W ~ ~' Q _ K N h p o o O O M ~O W l~ S [ ^ ~ h ~D 00 T N l~ " c0 7 ~ ~ ~ ; h W Q F Q ~y ~ S ~ V ~ t~ h e+i 'n ~o vi vi vi vi ~o N N N N N N N N N N ~ ao, ~ cd a~ ... w O O 3 A ~ O y [' W x ~~ ~ ~ N G a d K ~ S" o. 0000 •b v o 0 ~~~3~~ z ~ a~ X00000 OMO~oON V O~n~OO O ys ~.. a a ~ ~ ' i. O w U ~ U + ~ ~ cq p b C `~ a> • ~ O N ~O ~O O N ~ ~ c W ~ b y * O vi v1 M V ~ M ~O O ~ 00 N.. ~ O O C «~ O C p j O .~•~ ~ M M M M M M M M ~f ~ ~ Oa t~ ~ y ~ ~ xw w y ~~g~~a y U ~ V ~ d ae o ao as o as ~~' ~• y y N~ z N 00 z z i '~ z `1 > om 7 y uV w F' 0 .-. P1 . O i t , Ctl N ~+" C iy V . ?. 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U U -d U iv ~ ~ ~~ ~ o o N• ~ • v ~ ~ ~ ~ ~ ~ ~? ~ ~ W .~ ~+-~ b ~, ~ a~ ~ u .. y A O o '" ~ ~ a i v, a ~ a ~ ~ v i y .~ o o i ~ c a. ~'~' U ~ y a" ~ - o» a~i w a • ~ ~ w >:~ a~ a ~ °~a" ~ ~ ~ ¢oA ~wt~w> 3Hw~ a tea c a r c a o 145 SUPPLEMENTAL AUDIT OF FEDERAL AWARDS 146 STATE OF INDIANA N EQUAL OPPORTUNITY EMPLOYER STATE BOARD OF ACCOUNTS 302 WEST WASHINGTON STREET ROOM E418 INDIANAPOLIS, INDIANA 46204-2765 Telephone: (317) 232-2513 Fax: (317) 232-4711 Web Site: www.in.gov/sboa INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE AND ON IPJTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITIPJG STANDARDS TO: THE OFFICIALS OF THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA We have audited the financial statements of the City of South Bend (City), as of and for the year ended December 31, 2002, and have issued our report thereon dated April 29, 2003. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Govemment Auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether the City's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, con- tracts and grants, noncompliance with which could have a direct and material ~sffect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. They results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered the City's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to tyre financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. This report is intended solely for the information and use of the Cit~,r's management and federal awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. In accordance with Indiana Code 5-11-5-1, this report is a part of the public records of the State Board of Accounts and of the office examined. April 29, 2003 STATE BOARD OF ACCOUNTS 147 STATE OF INDIANA AN EQUAL OPPORTUNITY EMPLOYER STATE BOARD OF ACCOUNTS jt 302 WEST WASHINGTON STREET `- ~~ ROOM E418 INDIANAPOLIS, INDIANA 46204-2765 s Telephone: (317) 232-2513 ~~ Fax: (317) 232-4711 ~i; Web Site: www.in.gov/sboa INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 TO: THE OFFICIALS OF THE'CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA Compliance We have audited the compliance of the City of South Bend (City) with the types of compliance require- mentsdescribed inthe U.S.Office of Manaoementand Budget (OMB) CircularA-133 Compliance Supplement, that are applicable to each of its major federal programs for the year ended December 31, 2002. The City's major federal programs are identified in the Summary of Auditor's Results section of the accompanying Schedule of Findings and Questioned Costs. Compliance with the requirements of laws, regulations, contracts and grants applicable to each of its majorfederal programs is the responsibility of the City's management. Our responsibility is to express an opinion on the City's compliance based on our audit. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States. Local Gov- ernments, and Non-Profit Organizations. Those standards and OMB Circular A: 133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occur- red. An audit includes examining, on a test basis, evidence about the City's compliance with those require- ments and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of the City's compliance with those requirements. In our opinion, the City complied in all material respects with the requirements referred to above that are applicable to each of its major federal programs for the year ended December 31, 2002. However, the results of our auditing procedures disclosed instances of noncompliance with those requirements which are required to be reported in accordance with OMB Circular A-133 and which are described in the accompanying Schedule of Findings and Questioned Costs as item 2002-1. Internal Control Over Compliance The management of the City is responsible for establishing and maintaining effective internal control over compliance with requirements of laws, regulations, contracts and grants applicable to federal programs. In planning and performing our audit, we considered the City's internal control over compliance with require- ments that could have a direct and material effect on a major federal program in order to determine our audit- ing procedures for the purpose of expressing our opinion on compliance and to test and report on internal con- trol over compliance in accordance with OMB Circular A-133. 148 INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 (Continued) We noted certain matters involving the internal control over compliance and its operation that wee consider to be reportable conditions. Reportable conditions involve matters corning to our attention relating to significant deficiencies in the design or operation of the internal control over corpliance that, in our judgment„ could adversely affect the City's ability to administer a major federal program in accordance with applicable requirements of laws, regulations, contracts and grants. Reportable conditions are described in the accom- panying Schedule of Findings and Questioned Costs as item 2002-1. A material weakness is a condition in which the design or operation of one or more of the internal con- trol components does not reduce to a relatively low level the risk that noncompliance with the applicable requirements of laws, regulations, contracts and grants that would be material in relation to a major federaN program being audited may occur and not be detected within a timely period by employees in the normaN course of performing their assigned functions. Our consideration of the internal control over compliance would not necessarily disclose all matters in the internal control that might be reportable conditions, and accordingly;, would not necessarily disclose all reportable conditions that are considered to be material weaknesses. How•• ever, we believe none of the reportable conditions described above is a material weakness. This report is intended solely for the information and use of the City's management and federal award-~ ing agencies and pass-through entities and is not intended to be and should not be used by anyone otherthan~ these specified parties. In accordance with Indiana Code 5-11-5-1, this report is a part of the public records of the State Board of Accounts and of the office examined. STATE BOARD OF ACCOUNTS April 29, 2003 149 CITY OF SOUTH BEND .SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS For The Year Ended December 31, 2002 Pass-Through Federal Entity (or Other) Total Federal Grantor Agency/Pass-Through Entity CFDA Identifying Federal Awards Cluster Title/Program Title/Project TRIe Number Number Expended U.S. DEPARTMENT OF COMMERCE Direct Grant Public Works and Economic Development Cluster Economic Adjustment Assistance 11.307 $ 2,357,042 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Direct Grant CDBG -Entitlement and (HUD-Administered) Small Cities Cluster Community Development Block Grants/Entitlement Grants 14.218 B-01-MC-18-0011 2,825,484 Totalfor Cluster Emergency Shelter Grants Program Total for Program Shelter Plus Care Total for Program Community Development Block GranUEconomic Development Initiative Fair Housing Assistance Program -State and Local Neighborhood Initiative Projects Total for Federal Grantor Agency U.S. DEPARTMENT OF JUSTICE Direct Grant Local Law Enforcement Block Grants Program Pass-Through Indiana Criminal Justice Institute Juvenile Accountability Incentive Block Grants Crime Victim Assistance Total for Program Violence Against Women Formula Grants Total for Program Total for Federal Grantor Agency The accompanying notes are an integral part of the Schedule of Expenditures of Federal Awards. B-02-MC-18-0011 396,766 Section 108 # 6 105,885 Section 108 # 7 413,119 3,741,254 14.231 S-01-MC-18-0011 4,181 S-02-MC-18-0011 120,164 124,345 14.238 IN 36-C950053 84,240 IN 36-C960101 17,279 101,519 14.246 B-01-SP-IN-0203 91,750 14.401 40,000 14.Unknown B-01-NI-IN-SB-001 641,367 4,740,235 16.592 00-LB-BX-1102 255,667 16.523 00 JB 012 63,573 16.575 01-VA-125 56,517 01-VA-126 5,500 01-VA-127 11,829 01-VA-128 21,440 02-VA-144 3,774 02-VA-145 21,775 120,835 16.588 01-ST-057 20,361 02-ST-066 5,315 25,676 465,751 is~ CITY OF SOUTH BEND SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS For The Year Ended December 31, 2002 (Continued) Federal Federal Grantor Agency/Pass-Through Entity CFDA Cluster Title/Program Title/Project Title ~ Number U.S. DEPARTMENT OF TRANSPORTATION Pass-Through Indiana Governor's Council on Impaired and Dangerous Driving Highway Safety Cluster Alcohol Traffic Safety and Drunk Driving Prevention Incentive Grants 20.601 Total for Program Safety Incentive Grants for Use of Seatbelts Total for Program Total for Federal Grantor Agency U.S. EQUAL EMPLOYMENT OPPORTUNITY COMMISSION Direct Grant Employment Discrimination • State and Local Fair Employment Practices Agency Contracts U.S. ENVIRONMENTAL PROTECTION AGENCY Direct Grant Security Planning Grants for Large Drinking Water Utilities Brownfield Pilots Cooperative Agreements Pass-Through Indiana Department of Environmental Management Capitalization Grants for State Revolving Funds Capitalization Grants for Drinking Water State Revolving Fund Total for Federal Grantor Agency U.S. CORPORATION FOR NATIONAL AND COMMUNITY SERVICE Pass-Through Indiana Commission for Community Services AmeriCorps Total for Federal Grantor Agency Total Federal Awards Expended 20.604 30.002 66.476 66.811 66.458 66.468 94.006 Pass-Through Entity (or Other) Identifying Number Total Federal Awards Expended J8-02-03-037 $ 38,836 JS-02-03-03-100 878 39,714 BC-01-02-03-03 144 BC-02-03-03-03 18,602 18,746 58,460 69,995 42,047 BP-975-10001 24,891 191,684 106,759 365,381 PY 2001-02 220,200 PY 2002-03 29,259 249,459 $ 8,306,323 The accompanying notes are an integral part of the Schedule of Expenditures of Federal Awards. 151 CITY OF SOUTH BEND NOTES TO ~CHEDULE OF EXPENDITURES OF FEDERAL AWARDS Note 1 Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of South Bend (primary government) and is presented in accordance with the requirement:; of OMB CircularA-133, Audits of States, Local Governments. and Non-Profit Organizations. Accord•• ingly, the amount of federal awards expended is based on when the' activity related to the award occurs. Therefore, some amounts presented in this schedule may differfrom amounts presented in„ or used in the preparation of, the basic financial statements. Note 2. Subrecipients Of the federal expenditures presented in the schedule, the primary government provided federaN awards to subrecipients as follows for the year ended December 31, 2002: Program Title ~~ Federal Amount CFDA Provided to Number Subrecipients Community Development Block Grants/Entitlement Grants Crime Victim Assistance Violence Against Women Formula Grant 14.218 $ 1,815,258 16.575 120,835 16.588 25,676 152 CITY OF SOUTH BEND SCHEDULE OF FINDINGS AND QUESTIONED COSTS Section I -Summary of Auditor's Results Financial Statements: Type of auditor's report issued: Unqualified Internal control over financial reporting: Material weaknesses identified? no Reportable conditions identified that are not considered to be material weaknesses? none reported Noncompliance material to financial statements noted? no Federal Awards: Internal control over major programs: Material weaknesses identified? no Reportable conditions identified that are not considered to be material weaknesses? yes Type of auditor's report issued on compliance for major programs: Unqualified Any audit findings disclosed that are required to be reported in accordance with Section 510(a) of Circular A-133? yes Identification of Major Programs: CFDA Number 14.Unknown Name of Federal Program or Cluster CDBG -Entitlement and (HUD-Administered) Small Cities Cluster Neighborhood Initiative Projects Dollar threshold used to distinguish between Type A and Type B programs: $300,000 Auditee qualified as low-risk auditee? yes Section II -Financial Statement Findings No matters are reportable. 153 CITY OF SOUTH BEND SCH~DULE OF FINDINGS AND QUESTIONED COSTS (Continued) Section III -Federal Award Findings and Questioned Costs FINDING NO.2002-1. REQUIRED PROGRESS REPORTS Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Neighborhood Initiative Grants CFDA Number: 14.Unknown Federal Award Number: B-01-NI-IN-SB-001 The effective date of the grant agreement was May 16, 2001. No progress reports on performance and financial status were prepared or filed in 2001 or in 2002. The grant agreement sets out the following provisions for reporting: "ARTICLE IV. Progress Reports. The Grantee shall submit a progress report every six months after the effective date of the grant agreement. Progress reports shall include reports on both performance and financial progress and shall conform with 24 CFR 85.40 and 85.41 or CFR Sections 84.50 through 84.53, as applicable. Additional information required or increased frequency of reporting as may be described in Article VI11(C). A. The performance reports must contain the information required under 24 CFR Part 85.40(b) (2) or 24 CFR Part 84.51(a), as applicable including a comparison of actual accomplishments to the objectives indicated in the approved application, the reasons for slippage if established objectives were not met, and additional pertinent information including explanation of signifi- cant cost overruns. B. Financial reports shall be submitted on Standard Form 269A. C. No grant payments will be approved for projects with overdue progress reports." Failure to submit reports as required may result in delays in receiving grant funds and possibly they loss of future grant funds. All required progress reports for performance and financial status should be filed every six months as required by the grant agreement. Officials concur and have filed all the past required reports on March 31, 2003. 154 CITY OF SOUTH BEND SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS No matters are reportable. 155 CITY OF SOUTH BEND RESPONSE TO STATE BOARD OF ACCOUNTS APRIL 28, 2003 FINDING N0.2002-1. PROGRESS REPORTS Federal Agency: U.S. Department of Housing & Urban Development Federal Program: Neighborhood Initiative Grant CFDA Number: 14.Unknown (none assigned) Federal Award Number: B-01-NI-IN-SB-001 Contact Person: Ann Kolata Title of Contact Person: Senior Redevelopment Specialist Phone Number: 574-235-9374 Expected Completion Date: June 2004 The grantee recognizes that it did not submit quarterly financial and narrative reports as required by the May 16, 2001 Grant Agreement but completed and submitted them as soon as this deficiency was pointed out. We intend to stay current with our reporting obligations to HUD. ~~~~ Y~~-cam 56