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Home My WebLink AboutSession VII - 2019 Budget - DCI2019 Budget Presentation Department of Community Investment September 11, 2018 TABLE OF CONTENTS POWERPOINT PRESENTATION .................................................................................... 2-9 DCI OPERATING FUND 211 ...................................................................................... 10-19 GRANT FUNDS ......................................................................................................... 20-43 209 STUDEBAKER/OLIVER REVITALIZATION GRANTS ...................................................... 20-26 210 DCI STATE GRANTS ........................................................................................................ 27-36 212 DCI GRANTS ...................................................................................................................... 37-40 410 URBAN DEVELOPMENT ACTION GRANT (UDAG) ..................................................... 41-43 OTHER FUNDS ......................................................................................................... 44-75 281 ECONOMIC REVENUE BONDS ......................................................................................... 44-46 317 COVELESKI DEBT SERVICE RESERVE ........................................................................... 47-49 452 2018 TIF PARK BOND CAPITAL ...................................................................................... 50-53 677 HALL OF FAME CAPITAL ................................................................................................. 54-56 752 REDEVELOPMENT AUTHORITY DEBT SERVICES .......................................................... 57-59 753 SMART STREETS CAPITAL FUND ..................................................................................... 60-62 754 INDUSTRIAL REVOLVING FUND ..................................................................................... 63-65 756 SMART STREETS DEBT SERVICE RESERVE FUND ......................................................... 66-68 759 EDDY STREET COMMONS CAPITAL ................................................................................ 69-72 760 EDDY STREET COMMONS DEBT SERVICE ..................................................................... 73-75 DCI - 1 6HSWHPEHU 'HSDUWPHQWRI&RPPXQLW\,QYHVWPHQW ŐĞŶĚĂ dŽĚĂǇ ϭ͘ /DŝƐƐŝŽŶ Ϯ͘ KƌŐĂŶŝǌĂƚŝŽŶĂů^ƚƌƵĐƚƵƌĞĂŶĚKƉĞƌĂƚŝŶŐ&ƵŶĚ;ϮϭϭͿ ϯ͘ <W/Ɛ ϰ͘ ĐĐŽŵƉůŝƐŚŵĞŶƚƐ ϱ͘ /dͬK/dWƌŽŐƌĂŵŵŝŶŐ dŽŵŽƌƌŽǁ ϭ͘ KǀĞƌǀŝĞǁŽĨZĞĚĞǀĞůŽƉŵĞŶƚ&ƵŶĚƐ Ϯ͘ ĐŽŶŽŵŝĐŵƉŽǁĞƌŵĞŶƚWƌŽŐƌĂŵŵŝŶŐ ϯ͘ ϮϬϭϵ'ŽĂůƐ DCI - 2 /DŝƐƐŝŽŶ dŽƐƉƵƌŝŶǀĞƐƚŵĞŶƚŝŶĂƐƚƌŽŶŐĞƌ^ŽƵƚŚĞŶĚ ϭ͘ ƚƚƌĂĐƚŝŶŐΘƌĞƚĂŝŶŝŶŐŐƌŽǁŝŶŐďƵƐŝŶĞƐƐĞƐ Ϯ͘ ŽŶŶĞĐƚŝŶŐƌĞƐŝĚĞŶƚƐƚŽĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƚŝĞƐ ϯ͘ WůĂŶŶŝŶŐĨŽƌǀŝďƌĂŶƚŶĞŝŐŚďŽƌŚŽŽĚƐ ƵŝůĚŝŶŐŽŵŵŝƐƐŝŽŶĞƌ ĞƐŝŐŶͬWůĂŶZĞǀŝĞǁ ^ƉĞĐŝĂůŝƐƚ ŚŝĞĨƵŝůĚŝŶŐ/ŶƐƉĞĐƚŽƌ ;ƐƚƌƵĐƚƵƌĂůͿ ^ƚƌƵĐƚƵƌĂů/ŶƐƉĞĐƚŽƌ ůĞĐƚƌŝĐĂů/ŶƐƉĞĐƚŽƌ;ϮͿ ,ĞĂƚŝŶŐ/ŶƐƉĞĐƚŽƌ;ϮͿ WůƵŵďŝŶŐ/ŶƐƉĞĐƚŽƌ;ϮͿ ŽŶŝŶŐĂŶĚ^ĞƌǀŝĐĞƐ ĚŵŝŶŝƐƚƌĂƚŽƌ ĚŵŝŶŝƐƚƌĂƚŝǀĞƐƐŝƐƚĂŶƚƐ ;ϯͿ WĞƌŵŝƚ^ĞĐƌĞƚĂƌǇ ƵƌƌĞŶƚKƌŐĂŶŝǌĂƚŝŽŶ ǆĞĐƵƚŝǀĞŝƌĞĐƚŽƌ WůĂŶŶŝŶŐĂŶĚŽŵŵƵŶŝƚǇ ZĞƐŽƵƌĐĞƐ WƌŝŶĐŝƉĂůWůĂŶŶĞƌƐ;ϮͿ ĂŶĚ^ĞŶŝŽƌWůĂŶŶĞƌ WƌŽƉĞƌƚǇĞǀĞůŽƉŵĞŶƚ DĂŶĂŐĞƌĂŶĚŶĂůǇƐƚ ,ŝƐƚŽƌŝĐWƌĞƐĞƌǀĂƚŝŽŶ ĚŵŝŶŝƐƚƌĂƚŽƌĂŶĚ ^ƉĞĐŝĂůŝƐƚ EĞŝŐŚďŽƌŚŽŽĚ ĞǀĞůŽƉŵĞŶƚ ,ŽƵƐŝŶŐŽƵŶƐĞůŽƌ EĞŝŐŚďŽƌŚŽŽĚ'ƌĂŶƚƐ DĂŶĂŐĞƌ WƌŽƉĞƌƚǇ/ŶƐƉĞĐƚŽƌ EĞŝŐŚďŽƌŚŽŽĚWƌŽŐƌĂŵ ^ƉĞĐŝĂůŝƐƚ ĚŵŝŶŝƐƚƌĂƚŝǀĞƐƐŝƐƚĂŶƚ ƵƐŝŶĞƐƐĞǀĞůŽƉŵĞŶƚ ƵƐŝŶĞƐƐĞǀĞůŽƉŵĞŶƚ DĂŶĂŐĞƌƐ;ϮͿ ƵƐŝŶĞƐƐĞǀĞůŽƉŵĞŶƚ ^ƉĞĐŝĂůŝƐƚ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ ĚŵŝŶŝƐƚƌĂƚŽƌ ŶŐĂŐĞŵĞŶƚĂŶĚ ĐŽŶŽŵŝĐ ŵƉŽǁĞƌŵĞŶƚ ĐŽŶŽŵŝĐ ŵƉŽǁĞƌŵĞŶƚ^ƉĞĐŝĂůŝƐƚ ^ƵƉƉŽƌƚ^ƚĂĨĨ͗ͬ&͕Wt͕ /Θd͕>ĞŐĂů &ŝŶĂŶĐŝĂů^ƉĞĐŝĂůŝƐƚ ƵƐŝŶĞƐƐŶĂůǇƐƚ ǆĞĐƵƚŝǀĞƐƐŝƐƚĂŶƚ /ƵŝůĚŝŶŐ DCI - 3 WƌŽƉŽƐĞĚKƌŐĂŶŝǌĂƚŝŽŶĨŽƌϮϬϭϵ ǆĞĐƵƚŝǀĞŝƌĞĐƚŽƌ ƵƐŝŶĞƐƐ ĞǀĞůŽƉŵĞŶƚ ƵƐŝŶĞƐƐ ĞǀĞůŽƉŵĞŶƚ DĂŶĂŐĞƌƐ;ϮͿ ƵƐŝŶĞƐƐ ĞǀĞůŽƉŵĞŶƚ ^ƉĞĐŝĂůŝƐƚ ŶŐĂŐĞŵĞŶƚĂŶĚ ĐŽŶŽŵŝĐ ŵƉŽǁĞƌŵĞŶƚ ĐŽŶŽŵŝĐ ŵƉŽǁĞƌŵĞŶƚ ^ƉĞĐŝĂůŝƐƚ ŶŐĂŐĞŵĞŶƚ ^ƉĞĐŝĂůŝƐƚ ^ƵƉƉŽƌƚ^ƚĂĨĨ͗ͬ&͕ Wt͕/Θd͕>ĞŐĂů &ŝŶĂŶĐŝĂů^ƉĞĐŝĂůŝƐƚ EĞŝŐŚďŽƌŚŽŽĚ ĞǀĞůŽƉŵĞŶƚ ,ŽƵƐŝŶŐŽƵŶƐĞůŽƌ ĚŵŝŶŝƐƚƌĂƚŝǀĞ ƐƐŝƐƚĂŶƚ EĞŝŐŚďŽƌŚŽŽĚ'ƌĂŶƚƐ DĂŶĂŐĞƌ WƌŽƉĞƌƚǇ/ŶƐƉĞĐƚŽƌ EĞŝŐŚďŽƌŚŽŽĚ WƌŽŐƌĂŵ^ƉĞĐŝĂůŝƐƚ WůĂŶŶŝŶŐĂŶĚŽŵŵƵŶŝƚǇ ZĞƐŽƵƌĐĞƐ WƌŝŶĐŝƉĂůWůĂŶŶĞƌƐ;ϮͿ ĂŶĚ^ĞŶŝŽƌWůĂŶŶĞƌ WƌŽƉĞƌƚǇ ĞǀĞůŽƉŵĞŶƚ DĂŶĂŐĞƌĂŶĚŶĂůǇƐƚ ,ŝƐƚŽƌŝĐWƌĞƐĞƌǀĂƚŝŽŶ ĚŵŝŶŝƐƚƌĂƚŽƌĂŶĚ ^ƉĞĐŝĂůŝƐƚ ŽŶŝŶŐĚŵŝŶŝƐƚƌĂƚŽƌ ŽŶŝŶŐ^ƉĞĐŝĂůŝƐƚ ƵŝůĚŝŶŐ ŽŵŵŝƐƐŝŽŶĞƌ ŚŝĞĨƵŝůĚŝŶŐ /ŶƐƉĞĐƚŽƌ;ƐƚƌƵĐƚƵƌĂůͿ ^ƚƌƵĐƚƵƌĂů/ŶƐƉĞĐƚŽƌ ůĞĐƚƌŝĐĂů/ŶƐƉĞĐƚŽƌ ;ϮͿ ,ĞĂƚŝŶŐ/ŶƐƉĞĐƚŽƌ;ϮͿ WůƵŵďŝŶŐ/ŶƐƉĞĐƚŽƌ ;ϮͿ >ŝĐĞŶƐĞĂŶĚ ZĞŐŝƐƚƌĂƚŝŽŶ ĚŵŝŶŝƐƚƌĂƚŽƌ ĚŵŝŶŝƐƚƌĂƚŝǀĞ ƐƐŝƐƚĂŶƚƐ;ϮͿ WĞƌŵŝƚ^ĞĐƌĞƚĂƌǇ >ŝĐĞŶƐŝŶŐƵĚŝƚŽƌ;WdͿ ĞƉƵƚǇƵŝůĚŝŶŐ ŽŵŵŝƐƐŝŽŶĞƌ ǆĞĐƵƚŝǀĞƐƐŝƐƚĂŶƚ ĚŵŝŶŝƐƚƌĂƚŝǀĞ ƐƐŝƐƚĂŶƚ;ǌŽŶŝŶŐͿ ^ƵŵŵĂƌǇŽĨϮϬϭϵKƌŐĂŶŝǌĂƚŝŽŶŚĂŶŐĞƐ ϭ͘ ƌĞĂƚĞ^ŽƵƚŚĞŶĚWůĂŶŶŝŶŐŽŵŵŝƐƐŝŽŶ;^WͿĂŶĚŽĂƌĚŽĨŽŶŝŶŐƉƉĞĂůƐ ;ͿǁŝƚŚĞĨĨĞĐƚŝǀĞƚĂƌŐĞƚĚĂƚĞŝŶYϯϮϬϭϵ dƌĂŶƐŝƚŝŽŶĐƵƌƌĞŶƚŽŶŝŶŐĂŶĚ^ĞƌǀŝĐĞƐĚŵŝŶŝƐƚƌĂƚŽƌƚŽŽŶŝŶŐĚŵŝŶŝƐƚƌĂƚŽƌ dƌĂŶƐŝƚŝŽŶĨŽƌŵĞƌĚŵŝŶŝƐƚƌĂƚŝǀĞƐƐŝƐƚĂŶƚƚŽĂƐƐŝƐƚǁŝƚŚ^WĂŶĚ ĂŶĚƉŽƚĞŶƚŝĂůŽǀĞƌĨůŽǁŽĨůŝĐĞŶƐŝŶŐͬƌĞŐŝƐƚƌĂƚŝŽŶƐ;ďĞůŽǁͿ ϭŶĞƚŶĞǁƉŽƐŝƚŝŽŶ;ŽŶŝŶŐ^ƉĞĐŝĂůŝƐƚͿ Ϯ͘ >ŝĐĞŶƐŝŶŐĂŶĚZĞŐŝƐƚƌĂƚŝŽŶĚŵŝŶŝƐƚƌĂƚŽƌ;ĨŽƌŵĞƌůǇƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ ĚŵŝŶŝƐƚƌĂƚŽƌͿƚŽĐŽǀĞƌĐŽŶƚƌĂĐƚŽƌůŝĐĞŶƐŝŶŐĂŶĚƌĞŐŝƐƚƌĂƚŝŽŶƐĂŶĚĨƌŽŶƚŽĨĨŝĐĞ ƉĞƌŵŝƚƚŝŶŐ ϯ͘ ŚŝĞĨƵŝůĚŝŶŐ/ŶƐƉĞĐƚŽƌĨŽƌŵĂůůǇŽǀĞƌƐĞĞƐŝŶƐƉĞĐƚŽƌƚĞĂŵ ϰ͘ ĞƉƵƚǇƵŝůĚŝŶŐŽŵŵŝƐƐŝŽŶĞƌ;ĨŽƌŵĞƌĞƐŝŐŶͬWůĂŶZĞǀŝĞǁ^ƉĞĐŝĂůŝƐƚͿŽǀĞƌƐĞĞƐ ĂŶĚŝŶƚĞŐƌĂƚĞƐƉĞƌŵŝƚƚŝŶŐĂŶĚŝŶƐƉĞĐƚŝŽŶƉƌŽĐĞƐƐ ϱ͘ ƌĞĂƚĞŶĞǁƉĂƌƚͲƚŝŵĞ>ŝĐĞŶƐŝŶŐƵĚŝƚŽƌƚŽǀĞƌŝĨǇĐŽŶƚƌĂĐƚŽƌůŝĐĞŶƐŝŶŐ;ĐŽƐƚƐ ĐŽǀĞƌĞĚďǇĂŶƚŝĐŝƉĂƚĞĚĚŽŶĂƚŝŽŶƐͿ ϲ͘ /ŶƐŽƵƌĐĞŵŽƌĞŶĞŝŐŚďŽƌŚŽŽĚĞŶŐĂŐĞŵĞŶƚǁŝƚŚŶŐĂŐĞŵĞŶƚ^ƉĞĐŝĂůŝƐƚƉŽƐŝƚŝŽŶ ϳ͘ ƵƐŝŶĞƐƐŶĂůǇƐƚƉŽƐŝƚŝŽŶŵŽǀĞĚƚŽ/ΘdƵƐŝŶĞƐƐŶĂůǇƚŝĐƐƚĞĂŵ͕ŝŶĐůƵĚĞĚŝŶ ĂůůŽĐĂƚŝŽŶƐ DCI - 4 &ƵŶĚƐ ŽŵŵƵŶŝƚǇ/ŶǀĞƐƚŵĞŶƚƵĚŐĞƚ ŝǀŝůŝƚǇ&ƵŶĚƐϮϬϵͲ ^ƚƵĚĞďĂŬĞƌͬKůŝǀĞƌϮϭϬͲ ^ƚĂƚĞ'ƌĂŶƚƐϮϭϭͲ /KƉĞƌĂƚŝŶŐϮϭϮͲ &ĞĚ'ƌĂŶƚƐϮϭϳͲ 'ŝĨƚƐ͕ŽŶĂƚŝŽŶƐΎϮϮϳͲ >ŽƐƐZĞĐŽǀĞƌǇϰϬϰͲ K/dϰϬϴͲ /d ĂƉŝƚĂůͬdƌƵƐƚĞĞͬĞďƚ^ĞƌǀŝĐĞ &ƵŶĚƐ ϯϭϱ͕ϯϮϴͲ ŽŶĚƐϯϭϳͲ ŽǀĞůĞƐŬŝϰϭϬͲ h'ϰϯϵͲ ĞƌƚŝĨŝĞĚdĞĐŚWĂƌŬϲϳϳͲ ,ĂůůŽĨ&ĂŵĞϳϱϰͲ /ŶĚƵƐƚƌŝĂůZĞǀŽůǀŝŶŐϳϱϮͲ ZĞĚĞǀĞůŽƉŵĞŶƚƵƚŚ͘ϳϱϯ͕ϳϱϲͲ ^ŵĂƌƚ^ƚƌĞĞƚƐϳϱϵ͕ϳϲϬͲ ĚĚǇ^ƚƌĞĞƚ ZĞĚĞǀĞůŽƉŵĞŶƚ&ƵŶĚƐ ϯϮϰͲ ZŝǀĞƌtĞƐƚϰϮϮͲ t͘tĂƐŚŝŶŐƚŽŶϰϮϵͲ ZŝǀĞƌĂƐƚϰϯϬͲ ^ŽƵƚŚ^ŝĚĞϰϯϯͲ ZĞĚĞǀĞůŽƉŵĞŶƚĚŵŝŶϰϯϱͲ ŽƵŐůĂƐZŽĂĚϰϯϲͲ ZŝǀĞƌĂƐƚZĞƐ͘ϰϱϰͲ h ΎEŽůŽŶŐĞƌŵĂŶĂŐĞĚďǇ/ ^ƵŵŵĂƌǇŽĨKƉĞƌĂƚŝŶŐ&ƵŶĚ;ϮϭϭͿ ΨϯϮϱ͕ϬϮϱŝŶĐƌĞĂƐĞŝŶŶĞƚ/dƚƌĂŶƐĨĞƌĨƌŽŵϮϬϭϴ ŚĂŶŐĞƐ ŵŽƵŶƚ ^ƵďƚŽƚĂůŽĨĞǆƚĞƌŶĂůĐŚĂŶŐĞƐ Ψϭϲϴ͕ϵϲϬ KŶĞͲƚŝŵĞƐƉĞŶĚĚŽǁŶŽĨ ĐĂƐŚƌĞƐĞƌǀĞŝŶϮϬϭϴ ΨϭϴϮ͕ϲϭϴ Ϯй ƐĂůĂƌǇŝŶĐƌĞĂƐĞ Ψϯϱ͕ϳϲϴ dƌĂŶƐĨĞƌŽĨƵƐŝŶĞƐƐŶĂůǇƐƚƚŽ/Θd ͲΨϲϯ͕ϱϭϲ /ŶĐƌĞĂƐĞ ŝŶĚŵŝŶ͕/dĂůůŽĐĂƚŝŽŶƐ Ψϱϵ͕ϮϮϬ WŽƚĞŶƚŝĂů ǀĂĐĂƚŝŽŶƉĂǇŽƵƚƐƚŽƌĞƚŝƌĞĞƐ ΨϮϯ͕ϭϴϯ EĞƚŚĞĂůƚŚŝŶƐƵƌĂŶĐĞ ͲΨϭϳϭ͕ϮϴϬ >ŝĂďŝůŝƚǇ ŝŶƐƵƌĂŶĐĞ Ψϭϰ͕ϲϬϱ 'ĂƐŽůŝŶĞ ΨϮϲϮ ĞĐƌĞĂƐĞ ŽĨƐƚĂĨĨĐŽŶƚƌĂĐƚƌĞǀĞŶƵĞ Ψϳϴ͕ϰϬϬ &ĞĚĞƌĂůĂƵĚŝƚĐŽƐƚŝŶĐƌĞĂƐĞ Ψϵ͕ϳϬϬ ^ƵďƚŽƚĂůŽĨƌĞƋƵĞƐƚĞĚĐŚĂŶŐĞƐ Ψϭϱϲ͕Ϭϲϱ EĞƚŶĞǁ ƉŽƐŝƚŝŽŶƐ;ŽŶŝŶŐ^ƉĞĐŝĂůŝƐƚĂŶĚŶŐĂŐĞŵĞŶƚ^ƉĞĐŝĂůŝƐƚͿ Ψϭϱϱ͕ϮϴϮ EĞƚŽƚŚĞƌ Ψϳϴϯ DCI - 5 <ĞǇWĞƌĨŽƌŵĂŶĐĞ/ŶĚŝĐĂƚŽƌƐ DĞĂƐƵƌĞ ϮϬϭϳĐƚƵĂů ϮϬϭϴ'ŽĂůΎ zd;ϲͬϯϬͬϮϬϭϴͿ :ŽďƐĂŶŶŽƵŶĐĞĚĨƌŽŵ ƉƌŽũĞĐƚƐ ϯϰϳ ϯϬϬ ϭϯϵ WƌŝǀĂƚĞ ŝŶǀĞƐƚŵĞŶƚĨƌŽŵ ƉƌŽũĞĐƚƐ ΨϭϯϮD ΨϭϬϬD ΨϱϲD KǁŶĞƌͲŽĐĐƵƉŝĞĚ ƌĞŚĂď Ϯϵ ϴϬ ϯϳ ZĞŶƚĂůĂƐƐŝƐƚĂŶĐĞ ϭϲ ϯϰ ϭϲ ,ŽƵƐŝŶŐĐŽƵŶƐĞůŝŶŐ ϮϮϳ ϮϱϬ ϭϬϵ ,ŽŵĞďƵǇĞƌƐĂƐƐŝƐƚĞĚ ϭϯ ϮϬ ϴ ZĞƐŝĚĞŶƚŝĂůƵŶŝƚƐ Ϯϭϲ ϯϬϬ ϱϮϴΎ ΎWĞŶĚŝŶŐƵŶŝƚƐ͕ŶŽƚĂůůĞǆƉĞĐƚĞĚƚŚŝƐǇĞĂƌ ĐĐŽŵƉůŝƐŚŵĞŶƚƐ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕WĂƌŬƐ͕ΘWƵďůŝĐ^ĂĨĞƚǇ >ŝŶĐŽůŶǁĂǇ tĞƐƚΘŚĂƌůĞƐDĂƌƚŝŶƌŝǀĞ^ƚƌĞĞƚƐĐĂƉĞ ŝƚǇĞŵĞƚĞƌǇƌĞĂ/ŵƉƌŽǀĞŵĞŶƚƐ;ŽůĨĂǆϮͲǁĂǇ͕>Ă^ĂůůĞŝŶƚĞƌƐĞĐƚŝŽŶͿ tĞƐƚĞƌŶǀĞŶƵĞʹ WŚĂƐĞ// ŽůĨĂǆͬDŝĐŚŝŐĂŶ^ƚƌĞĞƚƐĐĂƉĞ;ƌŽƐƐ^ƚƌĞĞƚƐWƌŽũĞĐƚͿ ŚĂƌůĞƐůĂĐŬZĞĐƌĞĂƚŝŽŶĞŶƚĞƌ ZŝǀĞƌĨƌŽŶƚWĂƌŬƐΘdƌĂŝůƐ/ŵƉůĞŵĞŶƚĂƚŝŽŶ͗ĞƐŝŐŶĨŽƌ>ĞĞƉĞƌ͕^Ğŝƚǌ͕Θ,ŽǁĂƌĚWĂƌŬƐĞƐŝŐŶ &ŝŶĂŶĐŝŶŐƉůĂŶĨŽƌƉĂƌŬƐΘƚƌĂŝůƐĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚƐƚŚƌŽƵŐŚŽƵƚŽƵƌŝƚǇ;Ψϭϲ͘ϯϴŵd/&Ϳ WƵďůŝĐtŽƌŬƐƐƐŝƐƚĂŶĐĞ;ŝŶĐůƵĚŝŶŐdƵĐŬĞƌ͕^ŚĞƌŝĚĂŶ͕ŵĞƌŝƚĞĐŚ͕ǁĂƚĞƌĐĂƉŝƚĂůƉƌŽũĞĐƚƐͿ ^ŽƵƚŚ^ŚŽƌĞůƚĞƌŶĂƚŝǀĞƐ^ƚƵĚǇ ŝŬĞƐŚĂƌĞĞǆƉĂŶƐŝŽŶ &ŝƌĞƐƚĂƚŝŽŶϰ WůĂŶŶŝŶŐΘEĞŝŐŚďŽƌŚŽŽĚZĞǀŝƚĂůŝǌĂƚŝŽŶ WŽƌƚĂŐĞΘůǁŽŽĚEĞŝŐŚďŽƌŚŽŽĚĞŶƚĞƌsŝƐŝŽŶ >ĂĨĂǇĞƚƚĞƵŝůĚŝŶŐ^ƚĂďŝůŝǌĂƚŝŽŶ ,ŽƵƐŝŶŐDĂƌŬĞƚ^ƚƵĚǇ ŽŶŝŶŐZĞĨŽƌŵ EĞŝŐŚďŽƌŚŽŽĚWůĂŶƐ /ŶĐƌĞŵĞŶƚĂůĞǀĞůŽƉŵĞŶƚůůŝĂŶĐĞ DCI - 6 ĐĐŽŵƉůŝƐŚŵĞŶƚƐ ,ŽŵĞůĞƐƐŶĞƐƐ &h^ŚŽƵƐŝŶŐĨŝƌƐƚƉƌŽũĞĐƚ ŽŵŵŝƚƚĞĚĨƵŶĚŝŶŐĨŽƌĂĚĚŝƚŝŽŶĂůƐĐĂƚƚĞƌĞĚƐŝƚĞƉĞƌŵĂŶĞŶƚƐƵƉƉŽƌƚĞĚŚŽƵƐŝŶŐƵŶŝƚƐ ŶŐĂŐĞŵĞŶƚΘĐŽŶŽŵŝĐŵƉŽǁĞƌŵĞŶƚ ZĞŐŝŽŶĂůĂŶŬKŶ ͬZ /ŶĐůƵƐŝǀĞĐŽŶŽŵŝĞƐ^Ƶŵŵŝƚͬ&/ʹ &ĞĚĞƌĂůZĞƐĞƌǀĞĐŽůůĂďŽƌĂƚŝŽŶ ƵŝůĚŝŶŐ/ŶĐůƵƐŝŽŶ'ƌĂŶƚͲ h^ŽŶĨĞƌĞŶĐĞŽĨDĂǇŽƌƐ ŝƚŝĞƐŽĨ^ĞƌǀŝĐĞ>ŽǀĞzŽƵƌůŽĐŬ :ͲW>ŐƌĂŶƚĨŝŶĂůŝƐƚ;&ĂůůĂŶŶŽƵŶĐĞŵĞŶƚͿ tĞƐƚ^ŝĚĞYƵĂůŝƚĂƚŝǀĞ,ŽƵƐŝŶŐ ůŽŽŵďĞƌŐDĂǇŽƌƐŚĂůůĞŶŐĞĂŶĚWƵďůŝĐEĂƌƌĂƚŝǀĞtŽƌŬƐŚŽƉŝŶĐŽůůĂďŽƌĂƚŝŽŶǁŝƚŚ/ŶŶŽǀĂƚŝŽŶ EĞŝŐŚďŽƌŚŽŽĚŵƉŽǁĞƌŵĞŶƚ&ĂŝƌƐ ŽǁŵĂŶƌĞĞŬ^ƵƉƉŽƌƚ ϭϭ ĞǀĞůŽƉŵĞŶƚƐ KƉĞŶŝŶŐƐ ,ŽƚĞůƐ DĂƌƌŝŽƚƚ ůŽĨƚ ,ŽůŝĚĂǇ/ŶŶǆƉƌĞƐƐ ĚĚǇ^ƚƌĞĞƚŵďĂƐƐǇ^ƵŝƚĞƐ ŽŵŵĞƌĐŝĂů d/ EĞǁŵĂŶĞŶƚĞƌͬƌŵŽƌǇ ZĞƐŝĚĞŶƚŝĂů :D^ƵŝůĚŝŶŐ ZŝǀĞƌǁĂůŬ EŽŶͲƉƌŽĨŝƚͬƐŽĐŝĂů sĞƐƚĞĚ/ŶƚĞƌĞƐƚ &h^ ŝƐƉŽƐŝƚŝŽŶƐ DŝĐŚŝŐĂŶ^ƚƌĞĞƚ^ŚŽƉƐ ,ĂŵŝůƚŽŶdŽǁŝŶŐůŽĐŬΛ/ŐŶŝƚŝŽŶWĂƌŬ &ŽƌŵĞƌŽůůĞŐĞ&ŽŽƚďĂůů,ĂůůŽĨ&ĂŵĞ sůŝŶŝĐͬϯϯϯtĞƐƚĞƌŶ DŝƐĐĞůůĂŶĞŽƵƐ^ŵĂůůWĂƌĐĞůƐ hŶĚĞƌǁĂǇ ĚĚǇ^ƚƌĞĞƚWŚĂƐĞ// dŚĞ/ǀǇĂƚĞƌůŝŶWůĂĐĞ ^ƚƵĚĞďĂŬĞƌƵŝůĚŝŶŐϴϰĨĂĕĂĚĞ WŽƌƚĂŐĞWƌĂŝƌŝĞ^ƉĞĐ// ,ŝďďĞƌĚƵŝůĚŝŶŐ ,ŝƐƚŽƌŝĐ:>ĂƵďĞƌƵŝůĚŝŶŐ dŚĞ'ĂƌĂŐĞ;&ŽƌŵĞƌ>Ă^ĂůůĞŽĚǇ^ŚŽƉͿ >ĂĨĂǇĞƚƚĞƵŝůĚŝŶŐ ĂƐĐĂĚĞƐ;tŚĂƌĨͿ dƌŝWĂĐDĂŶƵĨĂĐƚƵƌŝŶŐ tĞƐƚƐŝĚĞ^ŵĂůůƵƐŝŶĞƐƐ^ƵƉƉŽƌƚĞŶƚĞƌ tĂƐŚŝŶŐƚŽŶʹ ŽůĨĂǆƉĂƌƚŵĞŶƚƐ ^ŽƵƚŚĞŶĚŚŽĐŽůĂƚĞ&ĂĐƚŽƌǇ ŶŶŽƵŶĐĞĚ ŽŵŵĞƌĐĞĞŶƚĞƌ &ƌĂŶŬůŝŶ^ƚƌĞĞƚdĞĐŚŶŽůŽŐǇWĂƌŬ dĞĐŚŶŽůŽŐǇZĞƐŽƵƌĐĞĞŶƚĞƌΛ/ŐŶŝƚŝŽŶWĂƌŬ DĂŝŶΘ:ĞĨĨĞƌƐŽŶůĂƐƐKĨĨŝĐĞ ĂŬĞƌǇWůĂĐĞĂŶĚ,ŝƐƚŽƌŝĐ>tt,ŽŵĞƐ;ĚĞƉĞŶĚĞŶƚ ŽŶƌĞĐĞŝƉƚŽĨƚĂǆĐƌĞĚŝƚƐͿ DCI - 7 ĞǀĞůŽƉŵĞŶƚƐ ^ƵŵŵĂƌǇŽĨK/d͕/d;ϰϬϰ͕ϰϬϴͿ WůĂŶŶŝŶŐĨŽƌǀŝďƌĂŶƚŶĞŝŐŚďŽƌŚŽŽĚƐ ¾Ψϭ͕ϬϬϬ͕ϬϬϬŶĞŝŐŚďŽƌŚŽŽĚĚĞǀĞůŽƉŵĞŶƚƉƌŽŐƌĂŵ;ŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶĨŝŶĂŶĐŝŶŐͿ ¾ΨϲϬϬ͕ϬϬϬŽǁŶĞƌŽĐĐƵƉŝĞĚŚŽŵĞƌĞƉĂŝƌƉƌŽŐƌĂŵ ¾Ψϱϳϱ͕ϬϬϬƚŽƌĞƐĞĞĚĂŶĚĞǆƉĂŶĚĨĂĕĂĚĞŐƌĂŶƚƉƌŽŐƌĂŵ ¾ΨϮϬϬ͕ϬϬϬĨŽƌƌĞƐŝĚĞŶƚŝĂůƉƌŽƉĞƌƚǇĂĐƋƵŝƐŝƚŝŽŶĂƚƚĂǆͬĐŽŵŵŝƐƐŝŽŶĞƌ͛ƐƐĂůĞ ¾ΨϱϱϬ͕ϬϬϬĨŽƌƐƚƌĂƚĞŐŝĐƉƌŝǀĂƚĞƉƌŽƉĞƌƚǇĂĐƋƵŝƐŝƚŝŽŶƚŽĨĂĐŝůŝƚĂƚĞŶĞŝŐŚďŽƌŚŽŽĚƉůĂŶƐĂŶĚ ͞ƵƌďĂŶĂĐƵƉƵŶĐƚƵƌĞ͟ ¾ΨϮϬϬ͕ϬϬϬĨŽƌƐŵĂůůͲƐĐĂůĞĚĞǀĞůŽƉŵĞŶƚŝŶŶĞŝŐŚďŽƌŚŽŽĚƐĂŶĚĐƌĞĂƚŝŽŶŽĨŵŝƐƐŝŶŐŵŝĚĚůĞ ŚŽƵƐŝŶŐƚŽŽůŬŝƚ ¾ΨϭϴϬ͕ϬϬϬĨŽƌƚƌĂŶƐƉŽƌƚĂƚŝŽŶƉƌŽũĞĐƚƐ ¾ΨϱϬ͕ϬϬϬƚŽŝŵƉůĞŵĞŶƚŝƚǇĞŵĞƚĞƌǇWůĂŶ;ĞǆĐů͘d/&Ϳ ¾ΨϱϬ͕ϬϬϬƚŽŝŵƉůĞŵĞŶƚEĞŝŐŚďŽƌŚŽŽĚWůĂŶƐ;ĞǆĐů͘d/&Ϳ ¾Ψϭϵϳ͕ϬϬϬĨŽƌĂƉƉƌĂŝƐĂůƐ͕ƚŝƚůĞǁŽƌŬ͕ůĂŶĚƐƵƌǀĞǇƐ͕ĂŶĚďƵŝůĚŝŶŐŵĂŝŶƚĞŶĂŶĐĞĂŶĚĂĚǀĞƌƚŝƐŝŶŐ ¾ΨϭϯϬ͕ϬϬϬƚƌĞĞŵĂŝŶƚĞŶĂŶĐĞĐŽŶƚƌĂĐƚǁŝƚŚsW ¾Ψϰϱ͕ϬϬϬsΘƉƌŽŐƌĂŵƐĂŶĚƚŽŽůŬŝƚĐƌĞĂƚŝŽŶ DCI - 8 ^ƵŵŵĂƌǇŽĨK/d͕/d;ϰϬϰ͕ϰϬϴͿ ŶŐĂŐĞŵĞŶƚĂŶĚĞĐŽŶŽŵŝĐĞŵƉŽǁĞƌŵĞŶƚ ¾ΨϭϮϱ͕ϬϬϬĨŽƌEĞŝŐŚďŽƌŚŽŽĚKƌŐĂŶŝǌĂƚŝŽŶ^ƵƉƉŽƌƚ;ƚĞŶƚĂƚŝǀĞůǇΨϱϬ͕ϬϬϬĨŽƌEZ͖Ψϳϱ͕ϬϬϬ ĨŽƌEEZKĂŶĚŶĞǁĞŶƚƌĂŶƚƐͿ ¾ΨϮϬ͕ϬϬϬĨŽƌĞŶƐƵƐŽƵƚƌĞĂĐŚ ¾ΨϮϱ͕ϬϬϬĨŽƌEĞŝŐŚďŽƌͲƚŽͲEĞŝŐŚďŽƌŶŐĂŐĞŵĞŶƚ ¾ΨϯϱϬ͕ϬϬϬƚŽĂĚĚƌĞƐƐůĞĂĚ;ĞǆĐů͘ĨĞĚĞƌĂůĂŶĚƐƚĂƚĞĨƵŶĚƐͿ ¾ΨϭϬϬ͕ϬϬϬĨŽƌƉĞƌŵĂŶĞŶƚƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐ;ĞǆĐů͘ĨĞĚĞƌĂůĂŶĚƉĂƌƚŶĞƌĨƵŶĚƐͿ ¾^ƵďƐƚĂŶƚŝĂůƌĞĚĞǀĞůŽƉŵĞŶƚĨƵŶĚƐĨŽƌĞĐŽŶŽŵŝĐĞŵƉŽǁĞƌŵĞŶƚŝŶƚŽŵŽƌƌŽǁ͛Ɛ ƉƌĞƐĞŶƚĂƚŝŽŶ ƵƐŝŶĞƐƐĚĞǀĞůŽƉŵĞŶƚ ¾ΨϱϮϵ͕ϬϬϬĨŽƌWĂƚŚǁĂǇƐĂŶĚWƵƌĚƵĞDWǁŽƌŬĨŽƌĐĞĚĞǀĞůŽƉŵĞŶƚƉƌŽŐƌĂŵƐ ¾Ψϭϭϱ͕ϬϬϬĨŽƌďƵƐŝŶĞƐƐƌĞĐƌƵŝƚŵĞŶƚƉĂƌƚŶĞƌƐŚŝƉĂŶĚŵĞŵďĞƌƐŚŝƉƐǁŝƚŚƚŚĞ^ŽƵƚŚĞŶĚ ZĞŐŝŽŶŚĂŵďĞƌŽĨŽŵŵĞƌĐĞĂŶĚ^ŽƵƚŚĞŶĚͲůŬŚĂƌƚZĞŐŝŽŶĂůWĂƌƚŶĞƌƐŚŝƉ ĂƐĞ^ƚƵĚǇ͗,ŽŵĞZĞƉĂŝƌWŝůŽƚ dĂƌŐĞƚĞĚŐĞŽŐƌĂƉŚǇĞŶĂďůĞƐ ĞŶŐĂŐĞŵĞŶƚƚĞĂŵƚŽƌĞĂĐŚŽƵƚƚŽ ĞůŝŐŝďůĞƌĞƐŝĚĞŶƚƐƉƌŽĂĐƚŝǀĞůǇ tŽƌŬŝŶŐƚŽŝŶĐŽƌƉŽƌĂƚĞĐŽĚĞ ĞŶĨŽƌĐĞŵĞŶƚĚĂƚĂƚŽĂƐƐŝƐƚǁŝƚŚ ƉƌŝŽƌŝƚŝǌĂƚŝŽŶ ǆƉůŽƌŝŶŐĨĞĂƐŝďŝůŝƚǇŽĨŝŶĐůƵĚŝŶŐĂ ĚŝƐƚƌŝďƵƚĞĚ͕ďůŽĐŬͲďǇͲďůŽĐŬĂƉƉƌŽĂĐŚ ŶĞǆƚǇĞĂƌ DCI - 9 City of South Bend, Indiana 2019 Budget Fund 211 - Department of Community Investment (DCI) Fund Type Special Revenue Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental 497,592 298,477 440,636 160,198 440,636 440,636 440,636 440,636 440,636 - 0% Licenses & Permits - - - - - - - - - - - Charges for Services 303,136 203,551 336,000 104,134 256,100 257,100 257,100 257,100 257,100 (79,900) -24% Fines, Forfeitures, and Fees 165 470 2,000 - 2,000 2,000 2,000 2,000 2,000 - 0% Interest Earnings 12,242 10,418 10,000 7,892 10,000 10,000 10,000 10,000 10,000 - 0% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 2,604 214 4,525 2,291 - - - - - (4,525) -100% Transfers In 1,808,138 1,522,673 1,866,020 933,010 2,349,988 2,400,642 2,465,771 2,532,633 2,601,106 483,968 26% Total Revenue 2,623,877 2,035,803 2,659,181 1,207,525 3,058,724 3,110,378 3,175,507 3,242,369 3,310,842 399,543 15% Expenditures by Type Personnel Salaries & Wages 1,322,098 1,189,893 1,500,922 733,660 1,706,330 1,740,417 1,775,185 1,810,649 1,846,822 205,408 14% Fringe Benefits 580,507 507,727 674,783 323,892 608,638 633,169 654,255 676,193 699,021 (66,145) -10% Total Personnel 1,902,605 1,697,620 2,175,705 1,057,552 2,314,968 2,373,586 2,429,440 2,486,842 2,545,843 139,263 6% Supplies 13,581 11,922 24,968 12,046 23,748 23,486 23,486 23,486 23,486 (1,220) -5% Services & Charges Professional Services 67,792 112,919 408,046 132,737 181,532 171,932 171,932 171,932 171,932 (226,514) -56% Printing & Advertising 8,577 4,142 19,982 8,113 19,500 19,500 19,500 19,500 19,500 (482) -2% Utilities - - - - - - - - - - - Education & Training 7,312 6,823 12,000 2,911 12,000 15,000 15,000 15,000 15,000 - 0% Travel 8,829 13,548 16,700 8,209 16,700 17,200 17,200 17,200 17,200 - 0% Repairs & Maintenance 15,959 11,141 16,788 2,392 16,463 16,463 16,463 16,463 16,463 (325) -2% Other Interfund Allocations 131,184 276,672 317,469 159,000 376,689 374,333 381,820 389,457 397,067 59,220 19% Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance 142,776 142,500 73,069 36,534 87,674 89,427 91,216 93,040 94,901 14,605 20% Other Services & Charges 46,440 8,158 12,369 5,363 9,450 9,450 9,450 9,450 9,450 (2,919) -24% Transfers Out - - - - - - - - - - - Total Services & Charges 428,869 575,903 876,423 355,260 720,008 713,306 722,581 732,042 741,513 (156,415) -18% Capital 35,157 - - - - - - - - - - Total Expenditures 2,380,212 2,285,446 3,077,096 1,424,858 3,058,724 3,110,378 3,175,507 3,242,369 3,310,842 (18,372) -1% Net Surplus / (Deficit) 243,665 (249,643) (417,915) (217,333) - - - - - Beginning Cash Balance 1,120,584 1,360,157 1,114,625 696,710 696,710 696,710 696,710 696,710 Cash Reserve Cash Adjustments (4,092) 4,111 - - - - - - Ending Cash Balance 1,360,157 1,114,625 696,710 696,710 696,710 696,710 696,710 696,710 Cash Reserves Target 595,053 571,361 769,274 764,681 777,594 793,877 810,592 827,711 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures, Staffing, and Significant Changes/Variances: 25% of Annual expenditures This fund accounts for the activities of the Department of Community Investment. DCI's mission is to spur investment in a stronger South Bend by doing the following: - Attracting & retaining growing businesses - Connecting residents to economic opportunities - Planning for vibrant neighborhoods Requesting 4 new positions: Engagement Specialist; Zoning Manager; Zoning Specialist; and an Administrative Assistant. The new staff members will allow us to increase our engagement and outreach into neighborhoods and bring the Planning Commission in-house instead of going through St. Joseph County's Area Plan Commission. This fund is mainly funded by transfers from Economic Development Income Tax (EDIT) Fund 408. Transfers are made on a quarterly basis. We also receive a significant amount of revenue from Federal Grants and Staff Contract sources. DCI - 10 City of South Bend, Indiana 2019 Budget Fund 211 - Department of Community Investment (DCI) Accomplishments, Goals, KPI's 2018 Accomplishments & Outcomes - - - - - - - - - - 2019 Department Goals & Objectives and Linkage to City Results - - - - - - - - - - Key Performance Indicators (KPI's) Measure Type 2017 Actual 6/30/18 YTD 2019 Target Long Term Goal - Announced jobs from approved projects Outcome 347 139 300 450 - Commercial private investment of approved projects Outcome $131M $55.9M $100M $100M - Owner-occupied houses rehabbed Output 29 37 60 60 - Rental assistance to special populations Output 16 16 34 30 - Housing counseling Output 227 109 250 250 - Homebuyers assisted Output 13 8 20 20 - Residential Units (*pending units, not all expected this year) Output 104 528* 350 765 Types: output, efficiency, effectiveness, quality, outcome, technology 2019 Significant Changes/Challenges/Opportunities - - - - - - - - Mismatched workforce skills with market demand Challenges with homelessness Neighborhood Stat: expanding City's performance management program to cross-department focus on neighborhood outcomes Construction costs Increase connectivity of neighborhoods to and around downtown Improve resident engagement on City services and direct neighborhood association support Strong, Inclusive Economy Priority Based Budgeting Result: Encourages and supports the attraction, retention and expansion of a well-balanced mix of thriving business and industry that contributes to the economic sustainability of the community Increase financing for small businesses Build on regional leadership in workforce development Hone population growth strategy Implement processes associated with new organizational structure, move toward one-stop shop for development/land use, as well as centralized City Realize housing potential and promote greater density within the urban core and surrounding neighborhoods Prepare for next phase of property tax caps in 2020 Macroeconomic impacts Market our Innovation District and Opportunity Zone for investment Continue to pilot economic empowerment programs Grants: Cities of Service Love Your Block; US Conference of Mayors Building Inclusion; Small scale manufacturing technical assistance Completion of major development projects and announced Franklin Street Technology Park, Technology Resource Center, Main & Jefferson CDBG scoring critieria developed was part of Repurpose for Results engagement Purdue MEP workforce development and home repair pilots Vibrant & Welcoming Neighborhoods Priority Based Budgeting Result: Develops, preserves, regulates and revitalizes residential neighborhoods that are secure, well-lit, well-kept and provide easy access to daily necessities Advance neighborhood and housing development program: address financing barriers and move more vacant lots to valuable uses Update redevelopment area plans, complete zoning reform and enable missing middle housing Continue implementation of WSMS, SE Master, and City Cemetery plans All Residents Empowered with Education, Mobility and Technology Priority Based Budgeting Result: Develops and utilizes current technology to better inform, educate, engage and serve the community Layfayette Building stabilization Lincolnway West & Charles Martin Drive Streetscape; City Cemetery Area Improvements; Colfax/Michigan Streetscape (Cross Streets Project) Charles Black Recreation Center; Riverfront Parks & Trails Implementation: Design for Leeper, Seitz, & Howard Parks Design South Shore Alternatives Study and Bike Share expansion Portage & Elwood Neighborhood Center Vision; Neighborhood Plans Zoning reform and quick fixes DCI - 11 City of South Bend, Indiana 2019 Budget Fund 211 - Department of Community Investment (DCI) Staffing (Full-Time Employees only) 2018 2019 2017 Amended 06/30/18 Proposed Forecast Position (* New title or additional position)Actual Budget Actual Budget 2020 2021 2022 2023 Non-Bargaining Administrative Assistant II *01122222 Business Development Specialist 01111111 Business License Administrator 01111111 Director of Business Development 01111111 Director of Engagement & Economic Empowermen 01111111 Director of Neighborhood Development 01111111 Director of Planning 01111111 Economic Empowerment Specialist 01111111 Engagement Specialist*00011111 Executive Assistant 01111111 Executive Director of Community Investment 11111111 Financial Specialist III 01111111 Historic Preservation Administrator 01111111 Historic Preservation Specialist 01111111 Housing Counselor 01111111 Manager - Business Development 02222222 Manager - Neighborhood Grants 01111111 Manager - Property Development 01111111 Manager - Zoning*00011111 Neighborhood Program Specialist 01111111 Principal Planner 02222222 Property Development Analyst 01111111 Property Inspector 01111111 Senior Planner 01111111 Zoning Specialist*00011111 Business Analyst 01100000 Assistant Executive Director 10000000 Director II 30000000 Associate III 30000000 Associate II 30000000 Associate I 60000000 Analyst II 20000000 Analyst I 10000000 Administrative Assistant III - DCI 20000000 Executive Assistant - DCI 10000000 Total Full-Time Employees 23 25 25 28 28 28 28 28 Explain Significant Staffing Changes Below: For 2019 we are requesting 4 new positions: 1 to handle outreach and neighborhood engagement; and 3 to handle the duties of the South Bend Planning Commission. DCI - 12 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresDCI ADMINISRATION FUND211-1001-460.10-01 SALARIED WAGES1,322,098 1,187,893 1,501,582 1,497,162 903,014 722,361 1,704,330LEVEL TEXTTEXT AMTBUDG TOTAL FTE - 282 ADMINISTRATIVE ASSISTANT II @ $42,558 *85,1161 BUSINESS DEVELOPMENT SPECIALIST57,1921 BUSINESS LICENSE ADMINISTRATOR51,1171 DIRECTOR OF BUSINESS DEVELOPMENT80,6511 DIRECTOR OF ENGAGEMENT & ECONOMIC EMPOWERMENT80,6511 DIRECTOR OF NEIGHBORHOOD DEVELOPMENT80,6511 DIRECTOR OF PLANNING80,6511 ECONOMIC EMPOWERMENT SPECIALIST57,1921 ENGAGEMENT SPECIALIST *57,1921 EXECUTIVE ASSISTANT55,7401 EXECUTIVE DIRECTOR OF COMMUNITY INVESTMENT106,4231 FINANCIAL SPECIALIST III44,5001 HISTORIC PRESERVATION ADMINISTRATOR57,1921 HISTORIC PRESERVATION SPECIALIST42,8401 HOUSING COUNSELOR *67,0492 MANAGER - BUSINESS DEVELOPMENT @ $67,049134,0981 MANAGER - NEIGHBORHOOD GRANTS *67,0491 MANAGER - PROPERTY DEVELOPMENT67,0491 MANAGER - ZONING *67,0491 NEIGHBORHOOD PROGRAM SPECIALIST51,1172 PRINCIPAL PLANNER @ $67,049134,0981 PROPERTY DEVELOPMENT ANALYST57,1921 PROPERTY INSPECTOR *61,7931 SENIOR PLANNER61,7931 ZONING SPECIALIST *57,192ADJUSTMENT FOR POTENTIAL RETIREMENT PAYOUTS19,465ADJUSTMENT TO ACTUAL77,722-*SUBJECT TO MAYOR APPROVAL*1,704,330211-1001-460.10-04 EXTRA AND OVERTIME00000 7,538 2,000211-1001-460.10-09 PERMANENT PART-TIME000 1,760 1,760 1,7600211-1001-460.10-10 HIRING BONUS0 2,0000 2,000 2,000 2,0000211-1001-460.11-01 FICA - REGULAR98,636 89,265 115,312 115,312 67,470 54,613 130,975211-1001-460.11-04 PERF - REGULAR148,089 133,268 168,177 168,177 101,525 82,062 191,109211-1001-460.11-07 UNEMPLOYMENT COMP1,830000000211-1001-460.11-08 HEALTH INSURANCE316,578 277,240 378,120 378,120 232,998 180,769 273,168LEVEL TEXTTEXT AMTBUDG HEALTH INSURANCE:$704.17 X 24 PAY PERIOD = $16,900 X 27 FTE456,3002019 HEALTH INSURANCE DEDUCTION - ONE TIME187,380-HEALTH INSURANCE REBATE: DCI - 13 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures$1,560 X 1 FTE1,560LONG TERM DISABILITY:$4.00 X 24 PAY PERIODS = $96 X 28 FTE2,688273,168211-1001-460.11-09 LIFE INSURANCE2,645 2,375 3,000 3,000 1,805 1,440 3,360LEVEL TEXTTEXT AMTBUDG 25 EMPLOYEES @ $120/YR3,0003,000211-1001-460.11-12 AUTO ALLOWANCE6,000 4,950 5,100 5,100 2,950 2,400 5,100LEVEL TEXTTEXT AMTBUDG EXECUTIVE DIRECTOR @ $150/PAY3,900DIRECTOR OF NEIGHBORHOOD DEVELOPMENT @ $100/MO1,2005,100211-1001-460.11-22 PARKING ALLOWANCE6,06986-00000211-1001-460.11-24 CELL PHONE ALLOWANCE660715660 1,320770660660LEVEL TEXTTEXT AMTBUDG INSPECTOR @ $55/MO660660211-1001-460.11-29 PARENTAL LEAVE00 3,754 3,754 2,373 1,948 4,266------------ ------------ ------------ ------------ ------------ ------------ ------------* PERSONNEL SERVICES1,902,605 1,697,620 2,175,705 2,175,705 1,316,665 1,057,552 2,314,968211-1001-460.21-01 OFFICIAL RECORDS1,087493 4,000 2,126582535 4,000211-1001-460.21-02 PRINT SHOP515241 2,000 1,000235149 2,000211-1001-460.21-03 C.S. OFFICE SUPPLIES1,356 1,089 3,665 2,665 1,084819 3,665211-1001-460.21-04 OFFICE SUPPLIES9,617 9,072 12,000 17,296 12,239 9,703 12,000211-1001-460.21-06 PHOTO/BLUEPRINT06045051000450211-1001-460.22-01 C.S. GASOLINE1,006967 1,371 1,371961840 1,633------------ ------------ ------------ ------------ ------------ ------------ ------------* SUPPLIES13,581 11,922 23,486 24,968 15,101 12,046 23,748211-1001-460.31-01 LEGAL SERVICES0232500500000211-1001-460.31-06 OTHER PROFESSIONAL SVCS 64,953 96,783 163,732 390,223 159,140 120,406 163,732LEVEL TEXTTEXT AMTBUDG DIGITIZATION OF HPC RECORDS20,000TAX ABATEMENT REPORT PREPARATION25,000BUILDING SOUTH BEND PROJECT12,500VARIOUS CONSULTANTS FOR DCI WORK106,232163,732DCI - 14 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures211-1001-460.31-13 PROPERTY INSPECTION1,970 1,520 1,400 1,40000 1,800LEVEL TEXTTEXT AMTBUDG CONSORTIUM - 28 UNITS @ $50/EA1,4001,400211-1001-460.31-19 CREDIT REPORT SERVICES869783 4,000 4,078547486 4,000211-1001-460.31-22 FEDERALLY REQUIRED AUDITS0 13,601 2,300 11,845 11,845 11,845 12,000211-1001-460.31-70 ADM FEE ALLOCATION85,980 91,992 87,189 87,189 58,488 43,866 98,842LEVEL TEXTTEXT AMTBUDG 2019 FIXED COST ALLOCATION - ADMIN FEEDCI98,425EDDY ST PARKING GARAGE41798,842211-1001-460.31-71 CENTRAL STORES ALLOCATION 1,260 1,332 2,730 2,730 1,816 1,362 3,325LEVEL TEXTTEXT AMTBUDG 2019 FIXED COST ALLOCATION - CENTRAL STORES3,3253,325211-1001-460.31-72 GIS ALLOCATION22,704000000211-1001-460.31-73 PRINT SHOP ALLOCATION2,796 6,168 5,511 5,511 3,672 2,754 4,867LEVEL TEXTTEXT AMTBUDG 2019 FIXED COST ALLOCATION - PRINT SHOP4,8674,867211-1001-460.31-74 TELEPHONE ALLOCATION7,200000000211-1001-460.31-76 IT ALLOCATION00 222,039 222,039 148,024 111,018 269,655LEVEL TEXTTEXT AMTBUDG 2019 FIXED COST ALLOCATION - IT AND/OR 311269,655269,655211-1001-460.32-02 POSTAGE3,169 3,383 4,000 5,003 3,797 2,938 4,000211-1001-460.32-03 TRAVEL000000 16,700211-1001-460.32-04 TELEPHONE373675450 1,517469352450211-1001-460.32-21 TRAVEL - MILEAGE866494 4,000 3,7505795790211-1001-460.32-22 TRAVEL - AIRFARE2,783 3,021 6,000 6,000 4,072 3,4500211-1001-460.32-23 TRAVEL - HOTEL4,426 7,171 5,000 5,000 3,170 3,1700211-1001-460.32-24 TRAVEL - MEALS596 1,482 1,500 1,5007347340211-1001-460.32-25 TRAVEL - OTHER158 1,3792004502772770211-1001-460.33-01 OUTSIDE PRINTING SERVICE1250 3,500 3,500648648 3,500211-1001-460.33-02 PUBLICATION LEGAL NOTICE3,159 3,474 6,000 6,482 1,754 1,358 6,000211-1001-460.33-03 PROMOTIONAL5,293668 10,000 10,000 6,168 6,107 10,000211-1001-460.34-02 LIABILITY INSURANCE142,776 142,500 73,069 73,069 48,712 36,534 87,674 DCI - 15 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresLEVEL TEXTTEXT AMTBUDG 2019 FIXED COST ALLOCATION - LIABILITY INSURANCE87,674DEPOSIT IN 226-0000-340.11-0087,674211-1001-460.36-02 OFFICE EQUIP R&M2950 6,863 6,86300 6,863211-1001-460.36-03 AUTO EQUIPMENT R&M1,642176 2,600 2,600444235 2,600211-1001-460.36-04 COMPUTER EQUIP R&M11,244 177,18000000211-1001-460.36-06 SOFTWARE MAINTENANCE14,022 10,965 7,000 7,325 2,826 2,157 7,000211-1001-460.39-10 SUBSCRIPTIONS & DUES4,245 2,752 3,500 5,349 2,394 2,073 3,500211-1001-460.39-66 LOCAL MEETINGS628000000211-1001-460.39-70 EDUCATION & TRAINING7,312 6,823 12,000 12,000 4,714 2,911 12,000211-1001-460.39-89 MISC CHARGES & SVCS38,025 1,349 1,500500150 1,500------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES428,869 575,903 636,583 876,423 464,305 355,260 720,008211-1001-460.43-02 MOTOR EQUIPMENT35,157000000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL35,157000000------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT2,380,212 2,285,445 2,835,774 3,077,096 1,796,071 1,424,858 3,058,724------------ ------------ ------------ ------------ ------------ ------------ ------------*** DCI ADMINISRATION FUND2,380,212 2,285,445 2,835,774 3,077,096 1,796,071 1,424,858 3,058,724 DCI - 16 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueDCI ADMINISRATION FUND211-0000-392.00-00 INTERFUND TRANSFER IN500000000------------ ------------ ------------ ------------ ------------ ------------ ------------*500000000------------ ------------ ------------ ------------ ------------ ------------ ------------** DCI ADMINISRATION FUND500000000DCI - 17 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue211-1001-331.10-00 COMM DEV. SERVICE GRANT 497,592 298,477 440,636 440,636 160,198 160,198 440,636LEVEL TEXTTEXT AMTBUDG CDBG396,136ESG2,000HOME42,500440,636------------ ------------ ------------ ------------ ------------ ------------ ------------*497,592 298,477 440,636 440,636 160,198 160,198 440,636211-1001-339.03-00 STAFF CONTRACTS303,136 203,551 333,500 333,500 164,701 102,804 255,100LEVEL TEXTTEXT AMTBUDG COMMUNITY HOMEBUYERS CORPORATION15,000INDIANA FORECLOSURE PREVENTION NETWORK6,600INDUSTRIAL REVOLVING FUND76,500MISHAWAKA5,000ST. JOSEPH COUNTY (FOR HISTORIC PRESERVATION)12,000TAX ABATEMENT FEES10,000TIF STAFF90,000URBAN ENTERPRISE ASSOCIATION40,000255,100------------ ------------ ------------ ------------ ------------ ------------ ------------*303,136 203,551 333,500 333,500 164,701 102,804 255,100211-1001-341.01-15 HPC-CERTIFICATE OF APPROP000 2,500 1,770 1,330 1,000------------ ------------ ------------ ------------ ------------ ------------ ------------*000 2,500 1,770 1,330 1,000211-1001-351.01-15 CREDIT REPORTS165470 2,000 2,00000 2,000------------ ------------ ------------ ------------ ------------ ------------ ------------*165470 2,000 2,00000 2,000211-1001-360.05-01 REIMBURSEMENT REVENUE2,6042140 4,525 3,243 2,2910------------ ------------ ------------ ------------ ------------ ------------ ------------*2,6042140 4,525 3,243 2,2910211-1001-361.01-00 ECON DEV-INTEREST INCOME 12,242 10,418 10,000 10,000 10,068 7,892 10,000------------ ------------ ------------ ------------ ------------ ------------ ------------*12,242 10,418 10,000 10,000 10,068 7,892 10,000211-1001-392.00-00 INTERFUND TRANSFER IN 1,807,638 1,522,673 1,866,020 1,866,020 933,010 933,010 2,349,988LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER FROM 408-1001-460.50-022,191,045ANNUAL OPERATING SUBSIDY FOR DCI ADMINISTRATION DCI - 18 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue2019 TRANSFER FROM 600-1306-415.50-02158,943FOR ZONING PERSONNEL2,349,988------------ ------------ ------------ ------------ ------------ ------------ ------------*1,807,638 1,522,673 1,866,020 1,866,020 933,010 933,010 2,349,988------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT2,623,377 2,035,803 2,652,156 2,659,181 1,272,990 1,207,525 3,058,724------------ ------------ ------------ ------------ ------------ ------------ ------------*** DCI ADMINISRATION FUND2,623,877 2,035,803 2,652,156 2,659,181 1,272,990 1,207,525 3,058,724 DCI - 19 City of South Bend, Indiana 2019 Budget Fund 209 - Studebaker-Oliver Revitalizing Grants Fund Type Special Revenue Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental 172,817 255,073 101,014 40,054 - - - - - (101,014) -100% Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 10,085 7,699 12,000 7,158 10,000 200 - - - (2,000) -17% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 100,000 100,000 100,000 - 100,000 100,000 - - - - 0% Transfers In - - - - - - - - - - - Total Revenue 282,902 362,772 213,014 47,212 110,000 100,200 - - - (103,014) -48% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services 535,018 342,795 1,078,598 47,205 750,000 - - - - (328,598) -30% Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges 535,018 342,795 1,078,598 47,205 750,000 - - - - (328,598) -30% Capital - - - - - - - - - - - Total Expenditures 535,018 342,795 1,078,598 47,205 750,000 - - - - (328,598) -30% Net Surplus / (Deficit)(252,116) 19,977 (865,584) 8 (640,000) 100,200 - - - Beginning Cash Balance 1,105,516 853,584 876,414 655,830 15,830 116,030 116,030 116,030 Cash Reserve Cash Adjustments 183 2,853 645,000 - - - - - Ending Cash Balance 853,584 876,414 655,830 15,830 116,030 116,030 116,030 116,030 Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement - Grant fund - spend down to zero This fund is used to account for various EPA grants relating to brownfields. Revenues and expenditures in this fund are grant and project specific and will vary from year to year. EPA's Brownfields Program empowers states, communities, and other stakeholders to work together to prevent, assess, safely clean up, and sustainably reuse brownfields. A brownfield site is real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Past grant activity includes: - Brownfields assessment grant: Hazardous substances grant funds and petroleum grant funds used to conduct Phase I and II environmental site assessments on a city-wide basis. Sites included a former foundry site that is now a city park, a former railroad site in the Studebaker/Oliver project area, and sites in wellhead protection areas. - Brownfields revolving loan fund grant: Grant used to capitalize a revolving loan fund from which the City of South Bend will provide loans and subgrants to support cleanup activities for sites throughout the city that are contaminated with hazardous substances. Loans will be made based on an environmental prioritization process. - Brownfields cleanup grant: Grant funds used to clean up the former Oliver Plow Works site. The site is part of the Studebaker/Oliver Plow Works Redevelopment Strategy, a phased approach for eventually redeveloping the entire Studebaker and Oliver factories into two light industrial parks. Grant funds also will be used for remediation and post-cleanup reporting, and community involvement activities. Professional services include ground water testing and other ongoing costs related to the study and planning for the various brownfields. Other income is derived from repayment from fund 324 (River West TIF). Last payment due in 2020. It is unclear whether additional grants will be available after 2017. DCI - 20 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresSTUD./OLIVER REVIT GRANTS209-1401-460.31-02 ENGINEERING360,227 50,4230 85,010 24,689 20,8500------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES360,227 50,4230 85,010 24,689 20,8500------------ ------------ ------------ ------------ ------------ ------------ ------------** EPA 2003 CLEANUP GRT360,227 50,4230 85,010 24,689 20,8500DCI - 21 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures209-1402-460.31-06 OTHER PROFESSIONAL SVCS00 940,000 940,00000 750,000LEVEL TEXTTEXT AMTBUDG ENVIRONMENTAL TESTING & REMEDIATION750,000750,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES00 940,000 940,00000 750,000------------ ------------ ------------ ------------ ------------ ------------ ------------** INSURANCE RECOVERY00 940,000 940,00000 750,000 DCI - 22 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures209-1403-460.31-06 OTHER PROFESSIONAL SVCS 174,791 292,3720 53,588 37,257 26,3550------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES174,791 292,3720 53,588 37,257 26,3550------------ ------------ ------------ ------------ ------------ ------------ ------------** E.P.A. ASSESSMENT GRANT174,791 292,3720 53,588 37,257 26,3550------------ ------------ ------------ ------------ ------------ ------------ ------------*** STUD./OLIVER REVIT GRANTS535,018 342,795 940,000 1,078,598 61,946 47,205 750,000 DCI - 23 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueSTUD./OLIVER REVIT GRANTS209-0000-361.00-00 INTEREST EARNINGS10,085 7,699 4,000 12,000 9,785 7,158 10,000------------ ------------ ------------ ------------ ------------ ------------ ------------*10,085 7,699 4,000 12,000 9,785 7,158 10,000------------ ------------ ------------ ------------ ------------ ------------ ------------** STUD./OLIVER REVIT GRANTS10,085 7,699 4,000 12,000 9,785 7,158 10,000 DCI - 24 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue209-1401-399.02-06 PRINCIPAL INCOME100,000 100,000 100,000 100,000 100,0000 100,000------------ ------------ ------------ ------------ ------------ ------------ ------------*100,000 100,000 100,000 100,000 100,0000 100,000------------ ------------ ------------ ------------ ------------ ------------ ------------** EPA 2003 CLEANUP GRT100,000 100,000 100,000 100,000 100,0000 100,000 DCI - 25 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue209-1403-331.10-13 E.P.A. FUNDS172,817 255,0730 101,014 40,054 40,0540------------ ------------ ------------ ------------ ------------ ------------ ------------*172,817 255,0730 101,014 40,054 40,0540------------ ------------ ------------ ------------ ------------ ------------ ------------** E.P.A. ASSESSMENT GRANT172,817 255,0730 101,014 40,054 40,0540------------ ------------ ------------ ------------ ------------ ------------ ------------*** STUD./OLIVER REVIT GRANTS282,902 362,772 104,000 213,014 149,839 47,212 110,000 DCI - 26 City of South Bend, Indiana 2019 Budget Fund 210 - Economic Development State Grants Fund Type Special Revenue Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental 1,801,482 55,983 675,232 2,375 - - - - - (675,232) -100% Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 14,079 11,490 11,919 4,896 5,929 3,879 1,901 - - (5,990) -50% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 80,324 63,660 65,593 16,336 67,582 69,632 35,605 - - 1,989 3% Transfers In - - - - - - - - - - - Total Revenue 1,895,885 131,133 752,744 23,607 73,511 73,511 37,506 - - (679,233) -90% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal 61,786 63,660 65,593 32,551 67,582 69,632 35,604 - - 1,989 3% Interest & Fees 10,225 8,350 6,420 3,455 4,429 2,379 401 - - (1,991) -31% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges 685,860 - 185,120 - - - - - - (185,120) -100% Transfers Out - - - - 230,000 - - - - 230,000 - Total Services & Charges 757,871 72,010 257,133 36,005 302,011 72,011 36,005 - - 44,878 17% Capital 947,375 - - - - - - - - - - Total Expenditures 1,705,246 72,010 257,133 36,005 302,011 72,011 36,005 - - 44,878 17% Net Surplus / (Deficit)190,639 59,123 495,611 (12,398) (228,500) 1,500 1,501 - - Beginning Cash Balance 160,350 350,379 410,752 906,363 677,863 679,363 680,864 680,864 Cash Reserve Cash Adjustments (610) 1,250 - - - - - - Ending Cash Balance 350,379 410,752 906,363 677,863 679,363 680,864 680,864 680,864 Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement - Grant fund - spend down to zero This fund was established to track the receipt and subsequent expenditure of grants from the State of Indiana. Expenditures are for debt service payments to the Indiana Development Finance Authority for a loan for the Indiana Brownfields Program. Past expenditures include demolition of vacant and abandoned houses/lots and equipment for the Ignition Park/ND Turbo project. This fund receives grant monies and revenue from interest earned on the fund's cash balance. DCI - 27 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresECONOMIC DEV. STATE GRANT210-1002-460.50-02 INTERFUND TRANSFER OUT000000 230,000LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER TO 404-0000-392.00-00230,000COVER COST OF VACANT & ABANDONDED DEMOS230,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES000000 230,000------------ ------------ ------------ ------------ ------------ ------------ ------------** ECONOMIC RESOURCES000000 230,000 DCI - 28 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures210-1041-460.38-01 PRINCIPAL61,786 63,660 65,593 65,593 32,551 32,551 67,582LEVEL TEXTTEXT AMTBUDG DS-003 BOSCH LOAN PAYMENT 3/22/1916,707DS-003 BOSCH LOAN PAYMENT 6/22/1916,832DS-003 BOSCH LOAN PAYMENT 9/22/1916,958DS-003 BOSCH LOAN PAYMENT 12/22/1917,085ORIGINAL PRINCIPAL $1,040,000; AMORT SCHED #3PROJECTED PAYOFF DATE: 6/22/202167,582210-1041-460.38-02 INTEREST10,225 8,350 6,420 6,420 3,455 3,455 4,429LEVEL TEXTTEXT AMTBUDG DS-003 BOSCH LOAN PAYMENT 3/22/191,296DS-003 BOSCH LOAN PAYMENT 6/22/191,171DS-003 BOSCH LOAN PAYMENT 9/22/191,045DS-003 BOSCH LOAN PAYMENT 12/22/199174,429------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES72,011 72,010 72,013 72,013 36,006 36,005 72,011------------ ------------ ------------ ------------ ------------ ------------ ------------** BOSCH PROJECT72,011 72,010 72,013 72,013 36,006 36,005 72,011 DCI - 29 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures210-1042-460.42-07 EQUIPMENT947,375000000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL947,375000000------------ ------------ ------------ ------------ ------------ ------------ ------------** IDGF-TJX947,375000000DCI - 30 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures210-1060-460.39-82 DEMOLITION & CLEARANCE685,86000 185,120 55,66200------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES685,86000 185,120 55,66200------------ ------------ ------------ ------------ ------------ ------------ ------------** BROWNFIELD ECON DEV INITI685,86000 185,120 55,66200------------ ------------ ------------ ------------ ------------ ------------ ------------*** ECONOMIC DEV. STATE GRANT1,705,246 72,010 72,013 257,133 91,668 36,005 302,011 DCI - 31 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueECONOMIC DEV. STATE GRANT210-0000-361.00-00 INTEREST EARNINGS1,011 3,140 1,500 5,500 4,311 3,230 1,500------------ ------------ ------------ ------------ ------------ ------------ ------------*1,011 3,140 1,500 5,500 4,311 3,230 1,500------------ ------------ ------------ ------------ ------------ ------------ ------------** ECONOMIC DEV. STATE GRANT1,011 3,140 1,500 5,500 4,311 3,230 1,500 DCI - 32 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue210-1007-334.05-01 LEAD TESTING GRANT000 672,857000------------ ------------ ------------ ------------ ------------ ------------ ------------*000 672,857000------------ ------------ ------------ ------------ ------------ ------------ ------------** HOUSING ASSISTANCE000 672,857000DCI - 33 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue210-1041-361.01-08 BOSCH - INTEREST IDFA13,068 8,350 6,419 6,419 3,455 1,666 4,429------------ ------------ ------------ ------------ ------------ ------------ ------------*13,068 8,350 6,419 6,419 3,455 1,666 4,429210-1041-399.02-02 BOSCH - PRINCIPAL INCOME 76,946 63,660 65,593 65,593 32,551 16,336 67,582------------ ------------ ------------ ------------ ------------ ------------ ------------*76,946 63,660 65,593 65,593 32,551 16,336 67,582------------ ------------ ------------ ------------ ------------ ------------ ------------** BOSCH PROJECT90,014 72,010 72,012 72,012 36,006 18,003 72,011 DCI - 34 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue210-1042-334.13-02 IDGF944,679 2,69600000------------ ------------ ------------ ------------ ------------ ------------ ------------*944,679 2,69600000------------ ------------ ------------ ------------ ------------ ------------ ------------** IDGF-TJX944,679 2,69600000DCI - 35 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue210-1060-334.10-00 ECON. DEVELOPMT & ASSIST. 856,803 53,2870 2,375 2,375 2,3750------------ ------------ ------------ ------------ ------------ ------------ ------------*856,803 53,2870 2,375 2,375 2,3750210-1060-360.05-01 REIMBURSEMENT REVENUE3,378000000------------ ------------ ------------ ------------ ------------ ------------ ------------*3,378000000------------ ------------ ------------ ------------ ------------ ------------ ------------** BROWNFIELD ECON DEV INITI860,181 53,2870 2,375 2,375 2,3750------------ ------------ ------------ ------------ ------------ ------------ ------------*** ECONOMIC DEV. STATE GRANT1,895,885 131,133 73,512 752,744 42,692 23,607 73,511 DCI - 36 City of South Bend, Indiana 2019 Budget Fund 212 - Dept of Community Investment Grants Fund Type Special Revenue Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental 3,117,168 2,243,866 6,687,141 1,187,615 2,711,000 2,711,000 2,711,000 2,711,000 2,711,000 (3,976,141) -59% Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees 224 50 1,000 - 1,000 1,000 1,000 1,000 1,000 - 0% Interest Earnings 1,424 723 2,000 353 2,000 2,000 2,000 2,000 2,000 - 0% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 24,239 193,476 215,387 89,928 197,000 197,000 197,000 197,000 197,000 (18,387) -9% Transfers In - - - - - - - - - - - Total Revenue 3,143,055 2,438,115 6,905,528 1,277,896 2,911,000 2,911,000 2,911,000 2,911,000 2,911,000 (3,994,528) -58% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies 3,454,187 2,585,517 5,874,598 1,314,780 2,911,000 2,911,000 2,911,000 2,911,000 2,911,000 (2,963,598) -50% Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out 500 - - - - - - - - - - Total Services & Charges 3,454,687 2,585,517 5,874,598 1,314,780 2,911,000 2,911,000 2,911,000 2,911,000 2,911,000 (2,963,598) -50% Capital - - - - - - - - - - - Total Expenditures 3,454,687 2,585,517 5,874,598 1,314,780 2,911,000 2,911,000 2,911,000 2,911,000 2,911,000 (2,963,598) -50% Net Surplus / (Deficit) (311,632) (147,402) 1,030,930 (36,885) - - - - - Beginning Cash Balance 552,313 241,313 450,607 1,481,537 1,481,537 1,481,537 1,481,537 1,481,537 Cash Reserve Cash Adjustments 632 356,696 - - - - - - Ending Cash Balance 241,313 450,607 1,481,537 1,481,537 1,481,537 1,481,537 1,481,537 1,481,537 Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources, Expenditures, and Significant Changes/Variances: No reserve requirement - Grant fund - spend down to zero This fund accounts for various grants including: Community Development Block Grant CDBG funds can be used for a variety of community development opportunities such as providing affordable housing, a suitable living environment, and economic opportunities for individuals and families with incomes below 80 percent of the area median income. CDBG funds can also be used for the elimination of slum and blight. Emergency Solutions Grant The ESG Program provides homeless persons with basic shelter and essential supportive services. It can assist with operational costs of the shelter facility, and for the administration of the grant. Neighborhood Stabilization Project Congress created the Neighborhood Stabilization Program to help cities, counties and states deal with community problems that are the result of the mortgage foreclosure crisis in the nation. HUD provides money to local governments (cities and counties), nonprofits, and all 50 states. Generally, the money must be used to buy, fix up, and resell foreclosed and abandoned homes. NSP grantees develop their own programs and funding priorities. However, NSP grantees must use at least 25 percent of the funds appropriated for the purchase and redevelopment of abandoned or foreclosed homes or residential properties that will be used to house individuals or families whose incomes do not exceed 50 percent of the area median income. In addition, all activities funded by NSP must benefit low- and moderate-income persons whose income does not exceed 120 percent of area median income. Activities may not qualify under NSP using the "prevent or eliminate slums and blight" or "address urgent community development needs" objectives. Shelter Plus Care Program The S+C Program provides a variety of permanent housing choices, accompanied by a range of supportive services funded through other sources. S+C assists hard to serve homeless individuals with disabilities and their families. These individuals primarily include those with serious mental illness, chronic problems with alcohol and/or drugs, and HIV/AIDS or related diseases. Revenues and expenditures in this fund are grant and project specific and will vary from year to year. DCI - 37 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresDCI GRANT FUND212-1001-460.39-30 GRANTS AND SUBSIDIES 3,454,187 2,585,517 2,911,000 5,874,598 2,067,205 1,314,780 2,911,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES3,454,187 2,585,517 2,911,000 5,874,598 2,067,205 1,314,780 2,911,000212-1001-460.50-02 INTERFUND TRANSFER OUT500000000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES500000000------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT3,454,687 2,585,517 2,911,000 5,874,598 2,067,205 1,314,780 2,911,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** DCI GRANT FUND3,454,687 2,585,517 2,911,000 5,874,598 2,067,205 1,314,780 2,911,000 DCI - 38 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueDCI GRANT FUND212-0000-331.10-11 COMM DEV BLOCK GRANT FNDS 2,566,397 1,647,251 2,500,000 5,953,624 1,655,026 1,015,568 2,500,000212-0000-331.10-12 EMERGENCY SHELTER GRANT 218,718 300,913 211,000 413,175 163,864 159,504 211,000212-0000-331.10-14 SHELTER PLUS CARE332,053 295,7020 69,603000------------ ------------ ------------ ------------ ------------ ------------ ------------*3,117,168 2,243,866 2,711,000 6,436,402 1,818,890 1,175,073 2,711,000212-0000-351.31-10 LATE FEES22450 1,000 1,00000 1,000------------ ------------ ------------ ------------ ------------ ------------ ------------*22450 1,000 1,00000 1,000212-0000-360.00-00 MISCELLANEOUS REVENUE9 2,063 197,000 197,000 83,897 82,050 197,000------------ ------------ ------------ ------------ ------------ ------------ ------------*9 2,063 197,000 197,000 83,897 82,050 197,000212-0000-361.31-10 INTEREST INCOME1,424723 2,000 2,000762353 2,000------------ ------------ ------------ ------------ ------------ ------------ ------------*1,424723 2,000 2,000762353 2,000212-0000-362.00-00 RENTAL OF PROPERTY7,387 7,3870 7,387 3,694 3,6940------------ ------------ ------------ ------------ ------------ ------------ ------------*7,387 7,3870 7,387 3,694 3,6940212-0000-391.05-00 PROPERTY SALES0 173,17100000------------ ------------ ------------ ------------ ------------ ------------ ------------*0 173,17100000212-0000-399.31-10 PRINCIPAL ON LOANS16,843 10,8550 11,000 5,435 4,1840------------ ------------ ------------ ------------ ------------ ------------ ------------*16,843 10,8550 11,000 5,435 4,1840------------ ------------ ------------ ------------ ------------ ------------ ------------** DCI GRANT FUND3,143,055 2,438,115 2,911,000 6,654,789 1,912,678 1,265,354 2,911,000 DCI - 39 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue212-1013-331.10-15 NSP GRANTS000 250,739 12,542 12,5420------------ ------------ ------------ ------------ ------------ ------------ ------------*000 250,739 12,542 12,5420------------ ------------ ------------ ------------ ------------ ------------ ------------** NSP GRANT000 250,739 12,542 12,5420------------ ------------ ------------ ------------ ------------ ------------ ------------*** DCI GRANT FUND3,143,055 2,438,115 2,911,000 6,905,528 1,925,220 1,277,896 2,911,000 DCI - 40 City of South Bend, Indiana 2019 Budget Fund 410 - Urban Development Action Grant Fund Type Special Revenue Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 4,759 4,876 6,110 3,646 1,000 1,000 1,000 1,000 1,000 (5,110) -84% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 195,491 - 37,508 18,754 45,240 24,304 25,676 27,120 28,652 7,732 21% Transfers In - - - - - - - - - - - Total Revenue 200,250 4,876 43,618 22,400 46,240 25,304 26,676 28,120 29,652 2,622 6% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal 238,173 126,142 486,081 65,415 60,000 40,000 24,000 24,000 28,000 (426,081) -88% Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges 238,173 126,142 486,081 65,415 60,000 40,000 24,000 24,000 28,000 (426,081) -88% Capital - - - - - - - - - - - Total Expenditures 238,173 126,142 486,081 65,415 60,000 40,000 24,000 24,000 28,000 (426,081) -88% Net Surplus / (Deficit) (37,923) (121,266) (442,463) (43,015) (13,760) (14,696) 2,676 4,120 1,652 Beginning Cash Balance 629,441 591,437 471,939 29,476 15,716 1,020 3,696 7,816 Cash Reserve Cash Adjustments (82) 1,768 - - - - - - Ending Cash Balance 591,437 471,939 29,476 15,716 1,020 3,696 7,816 9,468 Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement - Grant fund - spend down to zero This fund was originally established to account for economic development expenditures which are financed by federal grants and loan repayments. Currently, it is used to pay for an interfund loan from COIT Fund (404) in connection with a downtown hotel/parking garage project. Expenditures relate to interfund loan (debt schedule #82) from COIT Fund 404. Final payment due in 2022. When final revenue payment is due from BDC, it may be prudent to payoff the debt to COIT Fund 404 and potentially close this fund rather than following current amortization schedule which goes out to 2046. Therefore, in the 2018 budget a total of $610,131 is paid off using the current balance in cash reserves. Payments in future years will be made as BDC loan collections are received. Revenue comes from Business Development Corporation (BDC) repayment of Fund 410 miscellaneous revenue used to capitalize BDC loan pool. DCI - 41 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresUDAG410-1002-460.38-01 PRINCIPAL238,173 126,142 610,131 610,131 99,017 65,415 60,000LEVEL TEXTTEXT AMTBUDG DS-082 2010 INTERFUND LOAN 404 TO 410DEBT SERVICE PAYMENT 01/10/1915,000DEBT SERVICE PAYMENT 04/10/1915,000DEBT SERVICE PAYMENT 07/10/1915,000DEBT SERVICE PAYMENT 10/10/1915,000PAYMENT TO 404-0000-399.02-0660,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES238,173 126,142 610,131 610,131 99,017 65,415 60,000------------ ------------ ------------ ------------ ------------ ------------ ------------** ECONOMIC RESOURCES238,173 126,142 610,131 610,131 99,017 65,415 60,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** UDAG238,173 126,142 610,131 610,131 99,017 65,415 60,000 DCI - 42 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueUDAG410-0000-360.00-00 MISCELLANEOUS REVENUE195,4910 132,618 37,508 28,131 18,754 45,240LEVEL TEXTTEXT AMTBUDG 1/10 PYMT FROM BDC11,3104/10 PYMT FROM BDC11,3107/10 PYMT FROM BDC11,31010/10 PYMT FROM BDC11,31045,240------------ ------------ ------------ ------------ ------------ ------------ ------------*195,4910 132,618 37,508 28,131 18,754 45,240410-0000-361.00-00 INTEREST EARNINGS4,759 4,876 6,110 6,110 4,897 3,646 1,000------------ ------------ ------------ ------------ ------------ ------------ ------------*4,759 4,876 6,110 6,110 4,897 3,646 1,000------------ ------------ ------------ ------------ ------------ ------------ ------------** UDAG200,250 4,876 138,728 43,618 33,028 22,400 46,240------------ ------------ ------------ ------------ ------------ ------------ ------------*** UDAG200,250 4,876 138,728 43,618 33,028 22,400 46,240 DCI - 43 City of South Bend, Indiana 2019 Budget Fund 281 - Economic Develop Commission-Revenue Bonds Fund Type Special Revenue Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 250 255 425 225 - - - - - (425) -100% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 250 255 425 225 - - - - - (425) -100% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges - - - - - - - - - - - Capital - - - - - - - - - - - Total Expenditures - - - - - - - - - - - Net Surplus / (Deficit)250 255 425 225 - - - - - Beginning Cash Balance 27,320 27,564 27,910 - - - - - Cash Reserve Cash Adjustments (6) 91 (28,335) - - - - - Ending Cash Balance 27,564 27,910 - - - - - - Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement This fund was used for the expenses of Economic Development Revenue Bonds. These bonds have been paid off. This fund receives revenue from interest earned on the fund's cash balance. DCI - 44 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresECONOMIC REVENUE BOND281-1050-460.50-02 INTERFUND TRANSFER OUT0000 28,12600------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES0000 28,12600------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT0000 28,12600------------ ------------ ------------ ------------ ------------ ------------ ------------*** ECONOMIC REVENUE BOND0000 28,12600DCI - 45 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueECONOMIC REVENUE BOND281-0000-361.00-00 INTEREST EARNINGS2502552004252592250------------ ------------ ------------ ------------ ------------ ------------ ------------*2502552004252592250------------ ------------ ------------ ------------ ------------ ------------ ------------** ECONOMIC REVENUE BOND2502552004252592250------------ ------------ ------------ ------------ ------------ ------------ ------------*** ECONOMIC REVENUE BOND2502552004252592250DCI - 46 City of South Bend, Indiana 2019 Budget Fund 317 - Coveleski Debt Service Reserve Fund Type Debt Service Funds Control Redevelopment Commission Controlled Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 4,647 4,725 5,000 4,167 2,010 - - - - (2,990) -60% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 4,647 4,725 5,000 4,167 2,010 - - - - (2,990) -60% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - 525,000 - - - - 525,000 - Total Services & Charges - - - - 525,000 - - - - 525,000 - Capital - - - - - - - - - - - Total Expenditures - - - - 525,000 - - - - 525,000 - Net Surplus / (Deficit)4,647 4,725 5,000 4,167 (522,990) - - - - Beginning Cash Balance 507,047 511,567 517,990 522,990 - - - - Cash Reserve Cash Adjustments (127) 1,698 - - - - - - Ending Cash Balance 511,567 517,990 522,990 - - - - - Cash Reserves Target 511,567 517,990 522,990 - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 100% debt service reserve per bond covenants This fund was established in 2010 to collect reserve monies as stipulated in the 2010 Coveleski Stadium Recovery Zone Economic Development Bond covenants (debt schedule 81). The final bond debt service payment is January 15, 2019. After the bonds are paid off, the cash balance in this fund will be transferred to the Professional Sports Development Area (PSDA) Fund (377). This fund only receives revenue from interest earned on the fund's cash balance. Any variance in the trend of interest income will be due to changes in prevailing interest rates. DCI - 47 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresCOVELESKI BOND DS RESERVE317-1001-460.50-02 INTERFUND TRANSFER OUT000000 525,000LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER TO 377-0000-392.00-00525,000CLOSE DEBT SERVICE FUND 317 WHEN DEBT IS PAID OFF525,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES000000 525,000------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT000000 525,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** COVELESKI BOND DS RESERVE000000 525,000 DCI - 48 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueCOVELESKI BOND DS RESERVE317-1001-361.00-00 INTEREST EARNINGS4,647 4,725 5,000 5,000 5,708 4,167 2,010------------ ------------ ------------ ------------ ------------ ------------ ------------*4,647 4,725 5,000 5,000 5,708 4,167 2,010------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT4,647 4,725 5,000 5,000 5,708 4,167 2,010------------ ------------ ------------ ------------ ------------ ------------ ------------*** COVELESKI BOND DS RESERVE4,647 4,725 5,000 5,000 5,708 4,167 2,010 DCI - 49 City of South Bend, Indiana 2019 Budget Fund 452 - 2018 TIF Park Bond Capital Fund Type Redevelopment Funds Control Redevelopment Commission Controlled Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings - - - - 50,000 - - - - 50,000 - Bond Proceeds - - 11,007,782 11,007,782 - - - - - (11,007,782) -100% Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue - - 11,007,782 11,007,782 50,000 - - - - (10,957,782) -100% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - 1,347,628 28,424 - - - - - (1,347,628) -100% Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - 182,782 169,947 - - - - - (182,782) -100% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges - - 1,530,410 198,370 - - - - - (1,530,410) -100% Capital Land - - - - - - - - - - - Land Improvements - - 9,402,372 - 2,150,000 - - - - (7,252,372) -77% Bldgs & Bldg Improve.- - - - - - - - - - - Motor Equipment - - - - - - - - - - - Machinery & Equipment - - - - - - - - - - - Infrastructure - - - - - - - - - - - Total Capital - - 9,402,372 - 2,150,000 - - - - (7,252,372) -77% Total Expenditures - - 10,932,782 198,370 2,150,000 - - - - (8,782,782) -80% Net Surplus / (Deficit)- - 75,000 10,809,411 (2,100,000) - - - - Beginning Cash Balance - - - 2,100,000 - - - - Cash Reserve Cash Adjustments - - 2,025,000 - - - - - Ending Cash Balance - - 2,100,000 - - - - - Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement - Bond capital fund - spend down to zero This fund is used to track the expenditures of the proceeds from the Redevelopment District Bonds, Series 2018. The bonds were issued for the purpose of funding renovations and upgrades at Pulaski, Leeper, and Seitz Parks and improvements to the mixed use riverfront trail and other infrastructure improvements to park and recreation areas in or serving the River West Development Area. Funding to be used to implement City park plans including improvements to: Howard Park; LincolnWay East Trail; West Bank Trail; Leeper Park; Seitz Park; and Pulaski Park. Expect some contracts will not be let by 12/31/18 so some cash will "roll over" into 2019 The par amount of the Redevelopment District Bonds, Series 2018 was $11,995,000 with a premium of $96,103. The bonds were closed on April 25, 2018 with a net interest rate of 2.971%. The net proceeds after bond issuance costs were $11,818,495. $993,495 was deposited into Fund 351 (2018 TIF Park Bond Debt Service) per the bond agreement. The remaining $10,825,000 was deposited into this fund to be used towards the approved capital projects. DCI - 50 City of South Bend, Indiana2019 BudgetFund 452 - 2018 TIF Park Bond CapitalFive-Year Capital Improvement PlanFunding 2019ForecastNameSource Budget 2020202120222023TotalJustificationReplacement Capital- - - - - - - - - - - - - Total Replacement Capital- - - - - - Project CapitalVarious park projectsBond2,150,000 2,150,000 Continuation of park improvements- - - - - - - - - - - Total Project Capital2,150,000 - - - - 2,150,000 Minimum Thresholds:Total Capital2,150,000 - - - - 2,150,000 Equipment $10,000 | Buildings $100,000Explain Significant Spending on Capital Projects Below:DCI - 51 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures2018 TIF PARK BOND CAPITL452-1101-452.31-02 ENGINEERING000 866,103 59,924 28,4240452-1101-452.31-06 OTHER PROFESSIONAL SVCS000 481,525 25,37500452-1101-452.38-04 BOND ISSUANCE COSTS000 182,782 169,947 169,9470------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES000 1,530,410 255,246 198,3700452-1101-452.42-01 LAND IMPROVEMENTS000 9,402,37200 2,150,000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL000 9,402,37200 2,150,000------------ ------------ ------------ ------------ ------------ ------------ ------------** PARK MAINTENANCE000 10,932,782 255,246 198,370 2,150,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** 2018 TIF PARK BOND CAPITL000 10,932,782 255,246 198,370 2,150,000 DCI - 52 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue2018 TIF PARK BOND CAPITL452-0000-361.00-00 INTEREST EARNINGS000000 50,000------------ ------------ ------------ ------------ ------------ ------------ ------------*00000050,000452-0000-393.00-00 DEBT PROCEEDS000 11,007,782 11,007,782 11,007,7820------------ ------------ ------------ ------------ ------------ ------------ ------------*000 11,007,782 11,007,782 11,007,7820------------ ------------ ------------ ------------ ------------ ------------ ------------** 2018 TIF PARK BOND CAPITL000 11,007,782 11,007,782 11,007,782 50,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** 2018 TIF PARK BOND CAPITL000 11,007,782 11,007,782 11,007,782 50,000 DCI - 53 City of South Bend, Indiana 2019 Budget Fund 677 - Football Hall of Fame Capital Fund Type Capital Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 4,607 4,383 5,000 3,542 5,000 - - - - - 0% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 48,709 - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 53,316 4,383 5,000 3,542 5,000 - - - - - 0% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities 36,118 35,804 42,460 23,793 42,000 - - - - (460) -1% Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance 18,838 16,404 86,767 376 85,000 - - - - (1,767) -2% Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance 5,796 - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges 60,752 52,208 129,227 24,168 127,000 - - - - (2,227) -2% Capital - - - - - - - - - - - Total Expenditures 60,752 52,208 129,227 24,168 127,000 - - - - (2,227) -2% Net Surplus / (Deficit)(7,436) (47,825) (124,227) (20,626) (122,000) - - - - Beginning Cash Balance 502,111 494,570 448,306 324,079 202,079 202,079 202,079 202,079 Cash Reserve Cash Adjustments (106) 1,562 - - - - - - Ending Cash Balance 494,570 448,306 324,079 202,079 202,079 202,079 202,079 202,079 Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement - Capital fund - spend down to zero This fund was established to provide capital repairs and improvements at the former College Football Hall of Fame building. Utilities on-going until sale finalized--hoping to occur yet in 2018. Possible HVAC repairs if needed. Any cash remaining will be transferred to Professional Development Fund (#377). The College Football Hall of Fame relocated to Atlanta, Georgia in 2012. The building has been vacant since then. Expect to close and transfer ownership in Summerf/Fall of 2018. This budget request will then be recinded--only submitting in case transfer doesn't happen. The fund received distributions from the PSDA Tax Fund (377) through 2010. Currently, this fund only receives revenue from interest earned on the fund's cash balance. DCI - 54 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresHALL OF FAME CAPITAL677-0414-645.34-02 LIABILITY INSURANCE5,796000000677-0414-645.35-01 ELECTRIC26,295 23,928 23,000 23,000 13,449 12,765 23,000677-0414-645.35-02 NATURAL GAS5,325 7,222 14,000 14,000 8,778 8,744 14,000677-0414-645.35-04 WATER4,498 4,654 5,000 5,460 3,178 2,284 5,000677-0414-645.36-01 BUILDING R&M18,838 16,404 85,000 86,767376376 85,000LEVEL TEXTTEXT AMTBUDG POSSIBLE NECESSARY REPAIRS TO HVAC85,00085,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES60,752 52,208 127,000 129,227 25,781 24,168 127,000------------ ------------ ------------ ------------ ------------ ------------ ------------** FOOTBALL HALL OF FAME60,752 52,208 127,000 129,227 25,781 24,168 127,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** HALL OF FAME CAPITAL60,752 52,208 127,000 129,227 25,781 24,168 127,000 DCI - 55 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueHALL OF FAME CAPITAL677-0000-361.00-00 INTEREST EARNINGS4,607 4,383 5,000 5,000 4,805 3,542 5,000------------ ------------ ------------ ------------ ------------ ------------ ------------*4,607 4,383 5,000 5,000 4,805 3,542 5,000677-0000-391.05-00 PROPERTY SALES48,709000000------------ ------------ ------------ ------------ ------------ ------------ ------------*48,709000000------------ ------------ ------------ ------------ ------------ ------------ ------------** HALL OF FAME CAPITAL53,316 4,383 5,000 5,000 4,805 3,542 5,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** HALL OF FAME CAPITAL53,316 4,383 5,000 5,000 4,805 3,542 5,000 DCI - 56 City of South Bend, Indiana 2019 Budget Fund 752 - South Bend Redevelopment Authority Fund Type Debt Service Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings - 3,871 5,500 2,755 2,700 - - - - (2,800) -51% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - 3,887,000 3,364,500 1,680,500 2,869,500 2,870,500 2,866,000 2,865,000 2,868,500 (495,000) -15% Total Revenue - 3,890,871 3,370,000 1,683,255 2,872,200 2,870,500 2,866,000 2,865,000 2,868,500 (497,800) -15% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - 2,605,000 1,915,000 1,230,000 1,725,000 1,790,000 1,850,000 1,925,000 2,015,000 (190,000) -10% Interest & Fees - 1,261,169 1,190,829 603,859 1,136,269 1,072,613 1,005,669 931,281 840,681 (54,560) -5% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - 735,240 260,000 324,220 - - - - - (260,000) -100% Total Services & Charges - 4,601,409 3,365,829 2,158,080 2,861,269 2,862,613 2,855,669 2,856,281 2,855,681 (504,560) -15% Capital - - - - - - - - - - - Total Expenditures - 4,601,409 3,365,829 2,158,080 2,861,269 2,862,613 2,855,669 2,856,281 2,855,681 (504,560) -15% Net Surplus / (Deficit)- (710,538) 4,171 (474,825) 10,931 7,887 10,331 8,719 12,819 Beginning Cash Balance - - 522,232 526,403 537,334 545,221 555,552 564,271 Cash Reserve Cash Adjustments - 1,232,770 - - - - - - Ending Cash Balance - 522,232 526,403 537,334 545,221 555,552 564,271 577,090 Cash Reserves Target - 522,232 526,403 537,334 545,221 555,552 564,271 577,090 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 100% cash reserves per bond covenants The South Bend Redevelopment Authority Funds records debt service payments received from the City that are passed through to the paying agent bank and the bondholders per bond agreements. The South Bend Redevelopment Authority is a separate legal entity that is recorded in the Comprehensive Annual Financial Report (CAFR). This fund was established in 2017 to integrate this activity into the City's formal accounting system. This fund accounts for the bi-annual debt service principal and interest payments of Redevelopment Authority debt. Current debt is the 2013 Century Center Refunding Bonds, last payment 5/1/26, paid for by Fund 324, (debt schedule #62). 2017 The 2009 Morris PAC Refunding Bonds (debt schedule #11) were paid off February 2017. 2018 The 2001/2011 Century Center Refunding Bonds (debt schedule #7) were paid off. The final payment was 2/1/18. The remaining cash balance at the trustee bank ($324,170.83) was deposited into COIT Fund 404. The 2008/2015 Eddy Street Commons Refunding Bonds (debt schedule #54) were paid off early. The final payment was 2/15/18. The remaining cash balance at the trustee bank ($60.85) was deposited into Fund 436. The South Bend Redevelopment Authority receives debt service payments from the City and passes them through to trustee banks and bondholders. This fund also receives revenue from interest earned on the cash balance at the trustee bank. DCI - 57 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresSB REDEVELOPMENT AUTH752-0000-472.38-01 PRINCIPAL0 2,605,000 1,915,000 1,915,000 1,230,000 1,230,000 1,725,000LEVEL TEXTTEXT AMTBUDG DEBT SERVICE PRINCIPAL PAID BY ESCROW:DS-054 2015 EDDY STREET COMMONS REFUNDING 2/15/19695,000DS-054 2015 EDDY STREET COMMONS REFUNDING 8/15/19710,000DS-062 2013 CENTURY CENTER REFUNDING 5/1/19320,0001,725,000752-0000-472.38-02 INTEREST0 1,261,169 1,188,829 1,188,829 602,859 602,859 1,134,269LEVEL TEXTTEXT AMTBUDG DEBT SERVICE INTEREST PAID BY ESCROW:DS-054 2015 EDDY STREET COMMONS REFUNDING 2/15/19538,878DS-054 2015 EDDY STREET COMMONS REFUNDING 8/15/19524,979DS-062 2013 CENTURY CENTER REFUNDING 5/1/1936,805DS-062 2013 CENTURY CENTER REFUNDING 11/1/1933,6071,134,269752-0000-472.38-03 PAYING AGENT FEES00 2,000 2,000 1,000 1,000 2,000LEVEL TEXTTEXT AMTBUDG PAYING AGENT FEES PAID BY ESCROW2,0002,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES0 3,866,169 3,105,829 3,105,829 1,833,859 1,833,859 2,861,269752-0000-472.50-02 INTERFUND TRANSFER OUT0 735,240 260,000 260,000 324,220 324,2200------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES0 735,240 260,000 260,000 324,220 324,2200------------ ------------ ------------ ------------ ------------ ------------ ------------** SB REDEVELOPMENT AUTH0 4,601,409 3,365,829 3,365,829 2,158,079 2,158,080 2,861,269------------ ------------ ------------ ------------ ------------ ------------ ------------*** SB REDEVELOPMENT AUTH0 4,601,409 3,365,829 3,365,829 2,158,079 2,158,080 2,861,269 DCI - 58 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueSB REDEVELOPMENT AUTH752-0000-361.00-00 INTEREST EARNINGS0 3,871 2,700 5,500 2,884 2,755 2,700LEVEL TEXTTEXT AMTBUDG INTEREST EARNED ON ESCROW ACCOUNTS2,0002,000------------ ------------ ------------ ------------ ------------ ------------ ------------*0 3,871 2,700 5,500 2,884 2,755 2,700752-0000-392.00-00 INTERFUND TRANSFER IN0 3,887,000 3,364,500 3,364,500 1,680,500 1,680,500 2,869,500LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER FROM 436-1050-460.50-022,473,000DS-054 2015/2008 EDDY ST REFUNDING BONDSFOR 2019 DEBT SERVICE PAYMENTS & FEES2019 TRANSFER FROM 324-1050-460.50-02396,500DS-062 2008/2013 CENTURY CENTER BONDSFOR 2019 DEBT SERVICE PAYMENTS & FEES2,869,500------------ ------------ ------------ ------------ ------------ ------------ ------------*0 3,887,000 3,364,500 3,364,500 1,680,500 1,680,500 2,869,500------------ ------------ ------------ ------------ ------------ ------------ ------------** SB REDEVELOPMENT AUTH0 3,890,871 3,367,200 3,370,000 1,683,384 1,683,255 2,872,200------------ ------------ ------------ ------------ ------------ ------------ ------------*** SB REDEVELOPMENT AUTH0 3,890,871 3,367,200 3,370,000 1,683,384 1,683,255 2,872,200 DCI - 59 City of South Bend, Indiana 2019 Budget Fund 753 - Smart Streets Bond Capital Fund Type Capital Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings - 5,075 1,500 890 - - - - - (1,500) -100% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - 63,579 - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue - 68,654 1,500 890 - - - - - (1,500) -100% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - 1,500 1,500 - - - - - - (1,500) -100% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges - 1,500 1,500 - - - - - - (1,500) -100% Capital Land - - - - - - - - - - - Land Improvements - 4,956,452 2,100,000 851,610 - - - - - (2,100,000) -100% Bldgs & Bldg Improve.- - - - - - - - - - - Motor Equipment - - - - - - - - - - - Machinery & Equipment - - - - - - - - - - - Infrastructure - - - - - - - - - - - Total Capital - 4,956,452 2,100,000 851,610 - - - - - (2,100,000) -100% Total Expenditures - 4,957,952 2,101,500 851,610 - - - - - (2,101,500) -100% Net Surplus / (Deficit)- (4,889,298) (2,100,000) (850,720) - - - - - Beginning Cash Balance - - 1,040,156 - - - - - Cash Reserve Cash Adjustments - 5,929,454 1,059,844 - - - - - Ending Cash Balance - 1,040,156 - - - - - - Cash Reserves Target - 1,040,156 - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 100% cash reserves per bond covenants This fund accounts for the remaining expenditures of the bond proceeds from the $25 million Smart Streets Bond issued in 2015 (debt schedule #135; expected to pay off January 2037). The bond proceeds are held by a trustee bank. This fund was established in 2017 to integrate this trustee account into the City's formal accounting system. The bond was secured to change 1-way streets to 2-way--primarily Main, Michigan and St. Joseph streets. This project includes elements of complete streets concepts to encourage walkability, bike riding, as well as easier driving throughout downtown and entryway streets. Spending down bond proceeds until exhausted. The only revenue anticipated is interest revenue and is not expected to be significant. We expect final project payments to be made in 2018, thus exhausting the funds. Initial revenues were bond proceeds from the $25 million Smart Streets Bond issued in 2015 (debt schedule #135; expected to pay off January 2037). Currently, this fund only receives revenue from interest earned on the cash balance at the trustee bank. DCI - 60 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresSMART STREET BOND CAP753-1001-460.38-03 PAYING AGENT FEES0 1,500 1,500 1,500000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES0 1,500 1,500 1,500000753-1001-460.42-01 LAND IMPROVEMENTS0 4,956,452 2,100,000 2,100,000 970,862 851,6100------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL0 4,956,452 2,100,000 2,100,000 970,862 851,6100------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT0 4,957,952 2,101,500 2,101,500 970,862 851,6100------------ ------------ ------------ ------------ ------------ ------------ ------------*** SMART STREET BOND CAP0 4,957,952 2,101,500 2,101,500 970,862 851,6100DCI - 61 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueSMART STREET BOND CAP753-1001-361.00-00 INTEREST EARNINGS0 5,075 1,500 1,5009728900------------ ------------ ------------ ------------ ------------ ------------ ------------*0 5,075 1,500 1,5009728900753-1001-380.10-99 MISC. REIMBURSEMENTS0 63,57900000------------ ------------ ------------ ------------ ------------ ------------ ------------*0 63,57900000------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT0 68,654 1,500 1,5009728900------------ ------------ ------------ ------------ ------------ ------------ ------------*** SMART STREET BOND CAP0 68,654 1,500 1,5009728900DCI - 62 City of South Bend, Indiana 2019 Budget Fund 754 - Industrial Revolving Fund Fund Type Redevelopment Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings - 151,924 203,000 73,523 183,000 183,000 183,000 183,000 183,000 (20,000) -10% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - 17,299 27,000 11,756 27,000 27,000 27,000 27,000 27,000 - 0% Transfers In - - - - - - - - - - - Total Revenue - 169,223 230,000 85,279 210,000 210,000 210,000 210,000 210,000 (20,000) -9% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - 100,828 142,000 34,072 45,000 45,000 45,000 45,000 45,000 (97,000) -68% Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - 12,299 14,550 4,254 15,000 15,000 15,000 15,000 15,000 450 3% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - 75 450 - 97,000 97,000 97,000 97,000 97,000 96,550 21456% Transfers Out - - - - - - - - - - - Total Services & Charges - 113,202 157,000 38,326 157,000 157,000 157,000 157,000 157,000 - 0% Capital - - - - - - - - - - - Total Expenditures - 113,202 157,000 38,326 157,000 157,000 157,000 157,000 157,000 - 0% Net Surplus / (Deficit)- 56,021 73,000 46,953 53,000 53,000 53,000 53,000 53,000 Beginning Cash Balance - - 2,917,106 2,990,106 3,043,106 3,096,106 3,149,106 3,202,106 Cash Reserve Cash Adjustments - 2,861,085 - - - - - - Ending Cash Balance - 2,917,106 2,990,106 3,043,106 3,096,106 3,149,106 3,202,106 3,255,106 Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No City reserve requirement; there are program requirements The Industrial Revolving Fund is a loan fund for small businesses. It is governed by a separate Board of Directors which contracts with the City's Community Investment Department for administrative services. The fund is reported in the City's Comprehensive Annual Financial Report (CAFR) and was integrated into the City's formal accounting system during 2017. A City cash reserve target has not been established for the fund, but it operates under federal guidelines with respect the amount of loans and cash balances that must be maintained. This fund receives revenue from the repayments of small business loans. This fund also receives revenue from interest earned on the cash balance at the trustee bank. DCI - 63 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresINDUSTRIAL REVOLVING FUND754-0000-472.31-01 LEGAL SERVICES0 24,792 45,000 45,000 5,907 4,176 45,000754-0000-472.31-02 PROFESSIONAL SERVICES000 7,000000754-0000-472.31-06 OTHER PROFESSIONAL SVCS0 1,40000000754-0000-472.31-07 PROGRAM STAFF CONTRACT0 52,2450 63,000 25,300 20,9270754-0000-472.31-08 ADM. STAFF CONTRACTS0 22,3910 27,000 10,843 8,9690754-0000-472.38-03 PAYING AGENT FEES00 15,000000 15,000754-0000-472.38-06 TRUSTEE FEES0 12,2990 14,550 5,107 4,2540754-0000-472.39-38 STAFF CONTRACTS00 90,000000 90,000754-0000-472.39-41 MANAGEMENT FEES075 7,000000 7,000754-0000-472.39-42 OTHER PROGRAM EXPENSES000450000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES0 113,202 157,000 157,000 47,157 38,326 157,000------------ ------------ ------------ ------------ ------------ ------------ ------------** INDUSTRIAL REVOLVING FUND0 113,202 157,000 157,000 47,157 38,326 157,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** INDUSTRIAL REVOLVING FUND0 113,202 157,000 157,000 47,157 38,326 157,000 DCI - 64 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueINDUSTRIAL REVOLVING FUND754-0000-360.00-00 MISCELLANEOUS REVENUE00 27,000000 27,000754-0000-360.55-02 SERVICING FEES0 17,2990 27,000 11,756 11,7560------------ ------------ ------------ ------------ ------------ ------------ ------------*0 17,299 27,000 27,000 11,756 11,756 27,000754-0000-361.00-00 INTEREST EARNINGS0 14,77300000754-0000-361.31-11 INTEREST ON LOANS0 157,663 175,000 175,000 75,496 59,022 175,000754-0000-361.31-12 INVESTMENT GAIN/LOSS0 20,512- 8,000 28,000 18,212 14,501 8,000------------ ------------ ------------ ------------ ------------ ------------ ------------*0 151,924 183,000 203,000 93,708 73,523 183,000------------ ------------ ------------ ------------ ------------ ------------ ------------** INDUSTRIAL REVOLVING FUND0 169,223 210,000 230,000 105,464 85,279 210,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** INDUSTRIAL REVOLVING FUND0 169,223 210,000 230,000 105,464 85,279 210,000 DCI - 65 City of South Bend, Indiana 2019 Budget Fund 756 - Smart Streets Debt Service Fund Type Debt Service Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings - 3,274 2,500 1,568 2,500 2,500 2,500 2,500 2,500 - 0% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - 856,500 1,714,000 856,500 1,715,500 1,716,500 1,716,500 1,715,000 1,713,000 1,500 0% Total Revenue - 859,774 1,716,500 858,068 1,718,000 1,719,000 1,719,000 1,717,500 1,715,500 1,500 0% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - 460,000 940,000 465,000 970,000 1,000,000 1,030,000 1,060,000 1,090,000 30,000 3% Interest & Fees - 789,569 769,794 389,534 741,369 712,044 681,819 650,694 618,669 (28,425) -4% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges - 1,249,569 1,709,794 854,534 1,711,369 1,712,044 1,711,819 1,710,694 1,708,669 1,575 0% Capital - - - - - - - - - - - Total Expenditures - 1,249,569 1,709,794 854,534 1,711,369 1,712,044 1,711,819 1,710,694 1,708,669 1,575 0% Net Surplus / (Deficit)- (389,795) 6,706 3,533 6,631 6,956 7,181 6,806 6,831 Beginning Cash Balance - - 1,718,645 1,725,351 1,731,982 1,738,938 1,746,119 1,752,925 Cash Reserve Cash Adjustments - 2,108,440 - - - - - - Ending Cash Balance - 1,718,645 1,725,351 1,731,982 1,738,938 1,746,119 1,752,925 1,759,756 Cash Reserves Target - 1,718,645 1,725,351 1,731,982 1,738,938 1,746,119 1,752,925 1,759,756 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 100% cash reserves per bond covenants The Smart Streets Debt Service Reserve Fund accounts for debt service reserve on the 2015 Smart Streets bond that had a par amount of $25 million. The accounting records are maintained in trustee bank accounts. This fund was established in 2017 to integrate these trustee accounts into the City's regular accounting system. The final payment is due February 1, 2037 (debt schedule #135). The trustee bank receives debt service payments from the City and passes them through to the bondholders. This fund also receives revenue from interest earned on the cash balance at the trustee bank. DCI - 66 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresSMARTS STREETS DEBT SVC756-1001-460.37-11 CAPITAL LEASE PRINCIPAL0 460,000 940,000 940,000 465,000 465,0000756-1001-460.37-12 CAPITAL LEASE INTEREST0 789,569 768,794 768,794 387,884 387,8840756-1001-460.38-01 PRINCIPAL000000 970,000LEVEL TEXTTEXT AMTBUDG DEBT SERVICE PRINCIPAL PAYMENTS THROUGH ESCROWDS-135 2015 SMARTS STREETS BOND 2/1/19480,000DS-135 2015 SMARTS STREETS BOND 8/1/19490,000970,000756-1001-460.38-02 INTEREST000000 740,369LEVEL TEXTTEXT AMTBUDG DEBT SERVICE INTEREST PAID THROUGH ESCROW:DS-135 2015 SMARTS STREETS BOND 2/1/19373,785DS-135 2015 SMARTS STREETS BOND 8/1/19366,584740,369756-1001-460.38-03 PAYING AGENT FEES00 1,000 1,000 1,650 1,650 1,000LEVEL TEXTTEXT AMTBUDG PAYING AGENT FEES1,0001,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES0 1,249,569 1,709,794 1,709,794 854,534 854,534 1,711,369------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT0 1,249,569 1,709,794 1,709,794 854,534 854,534 1,711,369------------ ------------ ------------ ------------ ------------ ------------ ------------*** SMARTS STREETS DEBT SVC0 1,249,569 1,709,794 1,709,794 854,534 854,534 1,711,369 DCI - 67 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueSMARTS STREETS DEBT SVC756-1001-361.00-00 INTEREST EARNINGS0 3,274 2,500 2,500 2,287 1,568 2,500------------ ------------ ------------ ------------ ------------ ------------ ------------*0 3,274 2,500 2,500 2,287 1,568 2,500756-1001-392.00-00 INTERFUND TRANSFER IN0 856,500 1,714,000 1,714,000 1,714,000 856,500 1,715,500LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER FROM 324-1050-460.50-021,715,500DS-135 2015 SMART STREETS BONDS2019 DEBT SERVICE PAYMENTS (DOESN'T EQUAL P&I)1,715,500------------ ------------ ------------ ------------ ------------ ------------ ------------*0 856,500 1,714,000 1,714,000 1,714,000 856,500 1,715,500------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT0 859,774 1,716,500 1,716,500 1,716,287 858,068 1,718,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** SMARTS STREETS DEBT SVC0 859,774 1,716,500 1,716,500 1,716,287 858,068 1,718,000 DCI - 68 City of South Bend, Indiana 2019 Budget Fund 759 - Eddy Street Commons Capital Fund Type Capital Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings - - 2,000 51 2,000 - - - - - 0% Bond Proceeds - 22,500,000 - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue - 22,500,000 2,000 51 2,000 - - - - - 0% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - 396,250 - - - - - - - - - Printing & Advertising - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges - 396,250 - - - - - - - - - Capital Land - - - - - - - - - - - Land Improvements - - 17,000,000 - 12,000,000 - - - - (5,000,000) -29% Bldgs & Bldg Improve.- 6,000,000 22,103,750 - - - - - - (22,103,750) -100% Motor Equipment - - - - - - - - - - - Machinery & Equipment - - - - - - - - - - - Infrastructure - - - - - - - - - - - Total Capital - 6,000,000 39,103,750 - 12,000,000 - - - - (27,103,750) -69% Total Expenditures - 6,396,250 39,103,750 - 12,000,000 - - - - (27,103,750) -69% Net Surplus / (Deficit)- 16,103,750 (39,101,750) 51 (11,998,000) - - - - Beginning Cash Balance - - 16,129,314 11,998,000 - - - - Cash Reserve Cash Adjustments - 25,564 34,970,436 - - - - - Ending Cash Balance - 16,129,314 11,998,000 - - - - - Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement - Bond capital fund - spend down to zero This fund accounts for the expenditures of the bond proceeds from the $25 million Eddy Street Commons Bond issued in 2017 (closing date 8/14/17, debt schedule #163). The funds will be spent on Phase II of the Eddy Street Commons, a mixed-use development area just south of the University of Notre Dame. In July 2007, the South Bend Common Council unanimously approved the rezoning of 25 acres of vacant land south of Notre Dame for the nearly $200 million Eddy Street Commons project. Phase I - As part of the Phase I development deal, Kite Realty Group agreed to invest $161.9 million while South Bend city officials agreed to invest $36.7 million to help with, among other costs, a parking garage and street and utility upgrades. Phase I included retail/restaurant/office space, apartment units, condo units, townhomes, a 1,276-vehicle multi-level parking garage, a Fairfield Inn & Suites and an Embassy Suites. Phase II - Designed with input from the University, City of South Bend and nearby home and business owners, Phase II consists of five main buildings: two graduate-style apartment buildings and a new Robinson Community Learning Center on the east side of Eddy Street and two market-rate apartment buildings on the west side of Eddy Street. A stand-alone grocery store is proposed for the southwest corner of Howard and Indiana 23, where the Robinson Center now sits. The Robinson Center, an off-campus educational initiative of the University, will move to a new one- story, 13,000-square-foot building across the street. Phase II is a joint effort between the university and Kite Realty. Initial revenues were bond proceeds from the $25 million Eddy Street Commons Bond issued in 2017 (closing date 8/14/17, debt schedule #163). Currently, this fund only receives revenue from interest earned on the cash balance at the trustee bank. DCI - 69 City of South Bend, Indiana2019 BudgetFund 759 - Eddy Street Commons CapitalFive-Year Capital Improvement PlanFunding 2019ForecastNameSource Budget 2020202120222023TotalJustificationReplacement Capital- - - - - - - - - - - - - Total Replacement Capital- - - - - - Project CapitalCompletion of Eddy Street Commons Phase IIBond12,000,000 12,000,000 Using up bond proceeds- - - - - - - - - - - Total Project Capital12,000,000 - - - - 12,000,000 Minimum Thresholds:Total Capital12,000,000 - - - - 12,000,000 Equipment $10,000 | Buildings $100,000Explain Significant Spending on Capital Projects Below:DCI - 70 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresEDDY ST. COMMONS CAPITAL759-1001-460.31-50 BOND ISSUANCE COSTS0 396,25000000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES0 396,25000000759-1001-460.42-01 LAND IMPROVEMENTS00 17,000,000 17,000,00000 12,000,000759-1001-460.42-02 BUILDING IMPROVEMENTS0 6,000,0000 22,103,750 3,671,38200------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL0 6,000,000 17,000,000 39,103,750 3,671,3820 12,000,000------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT0 6,396,250 17,000,000 39,103,750 3,671,3820 12,000,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** EDDY ST. COMMONS CAPITAL0 6,396,250 17,000,000 39,103,750 3,671,3820 12,000,000 DCI - 71 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueEDDY ST. COMMONS CAPITAL759-1001-361.00-00 INTEREST EARNINGS00 2,000 2,0007851 2,000------------ ------------ ------------ ------------ ------------ ------------ ------------*00 2,000 2,0007851 2,000759-1001-393.00-00 DEBT PROCEEDS0 22,500,00000000------------ ------------ ------------ ------------ ------------ ------------ ------------*0 22,500,00000000------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT0 22,500,000 2,000 2,0007851 2,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** EDDY ST. COMMONS CAPITAL0 22,500,000 2,000 2,0007851 2,000 DCI - 72 City of South Bend, Indiana 2019 Budget Fund 760 - Eddy Street Commons Debt Service Fund Type Capital Funds Control City Funds 2018 2019 Budget 2016 2017 Amended 06/30/18 Proposed Forecast Variance % Actual Actual Budget Actual Budget 2020 2021 2022 2023 2018-2019 Change Revenue Property Taxes - - - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings - 1,480 4,500 2,170 3,500 3,500 3,500 3,500 3,500 (1,000) -22% Bond Proceeds - 2,500,000 - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - 1,279,472 628,472 1,298,125 1,390,625 1,710,875 1,926,375 1,929,875 18,653 1% Total Revenue - 2,501,480 1,283,972 630,642 1,301,625 1,394,125 1,714,375 1,929,875 1,933,375 17,653 1% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services - - - - - - - - - - - Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - 2,475,000 - 50,000 145,000 475,000 720,000 760,000 (2,425,000) -98% Interest & Fees - - 1,304,472 628,472 1,249,125 1,246,625 1,236,875 1,207,375 1,170,875 (55,347) -4% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges - - 3,779,472 628,472 1,299,125 1,391,625 1,711,875 1,927,375 1,930,875 (2,480,347) -66% Capital - - - - - - - - - - - Total Expenditures - - 3,779,472 628,472 1,299,125 1,391,625 1,711,875 1,927,375 1,930,875 (2,480,347) -66% Net Surplus / (Deficit)- 2,501,480 (2,495,500) 2,170 2,500 2,500 2,500 2,500 2,500 Beginning Cash Balance - - 2,501,480 5,980 8,480 10,980 13,480 15,980 Cash Reserve Cash Adjustments - - - - - - - - Ending Cash Balance - 2,501,480 5,980 8,480 10,980 13,480 15,980 18,480 Cash Reserves Target - 2,501,480 5,980 8,480 10,980 13,480 15,980 18,480 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 100% cash reserves per bond covenants This fund accounts for the receipt of payments from the City's North East Residential Area TIF Fund (436) and the subsequent semi-annual payment of debt service principal and interest to the bondholders. The par amount of the 2017 Eddy Street Commons Bond was $25 million and the final payment is due February 15, 2037. This fund will hold a minimum of $2.5 million in cash reserves per the bond covenant. The bonds were closed on August 14, 2017 and the first debt service payment is due on February 15, 2018. The principal and interest payments are set forth in the 20 year debt amortization schedule with the first payment made on February 15, 2018 and the final payment on February 15, 2037. The bond was issued for Phase II of the Eddy Street Commons, a mixed-use development area just south of the University of Notre Dame. Capital expenditures related to the project are tracked in Fund 759. A debt service reserve amount of $2.5 million dollars was established at the 2017 Eddy Street Commons Bond debt closing. This amount was deposited into this debt service fund at the time of the closing. Currently, this fund only receives revenue from interest earned on the cash balance at the trustee bank. DCI - 73 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresEDDY ST. COMMONS DEBT SVC760-1001-470.38-01 PRINCIPAL00 25,000 2,475,00000 50,000LEVEL TEXTTEXT AMTBUDG DEBT SERVICE PRINCIPAL PAID THROUGH ESCROW:DS-163 2017 EDDY ST COMMONS PHASE II 2/15/1925,000DS-163 2017 EDDY ST COMMONS PHASE II 8/15/1925,00050,000760-1001-470.38-02 INTEREST00 1,253,472 1,303,472 628,472 628,472 1,248,125LEVEL TEXTTEXT AMTBUDG DEBT SERVICE INTEREST PAID THROUGH ESCROW:DS-163 2017 EDDY ST COMMONS PHASE II 2/15/19624,375DS-163 2017 EDDY ST COMMONS PHASE II 8/15/19623,7501,248,125760-1001-470.38-03 PAYING AGENT FEES00 1,000 1,00000 1,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES00 1,279,472 3,779,472 628,472 628,472 1,299,125------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT00 1,279,472 3,779,472 628,472 628,472 1,299,125------------ ------------ ------------ ------------ ------------ ------------ ------------*** EDDY ST. COMMONS DEBT SVC00 1,279,472 3,779,472 628,472 628,472 1,299,125 DCI - 74 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueEDDY ST. COMMONS DEBT SVC760-1001-361.00-00 INTEREST EARNINGS0 1,4800 4,500 3,216 2,170 3,500------------ ------------ ------------ ------------ ------------ ------------ ------------*0 1,4800 4,500 3,216 2,170 3,500760-1001-392.00-00 INTERFUND TRANSFER IN00 1,279,472 1,279,472 628,472 628,472 1,298,125LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER FROM 436-1050-460.50-021,298,125DS-163 2017 EDDY ST PHASE II BONDS2019 DEBT SERVICE PAYMENTS1,298,125------------ ------------ ------------ ------------ ------------ ------------ ------------*00 1,279,472 1,279,472 628,472 628,472 1,298,125760-1001-393.00-00 DEBT PROCEEDS0 2,500,00000000------------ ------------ ------------ ------------ ------------ ------------ ------------*0 2,500,00000000------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT0 2,501,480 1,279,472 1,283,972 631,688 630,642 1,301,625------------ ------------ ------------ ------------ ------------ ------------ ------------*** EDDY ST. COMMONS DEBT SVC0 2,501,480 1,279,472 1,283,972 631,688 630,642 1,301,625 DCI - 75