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Home My WebLink AboutSession VIII - 2019 Budget - Redev Commission2019 Budget Presentation Redevelopment Commission Controlled Funds September 12, 2018 TABLE OF CONTENTS POWERPOINT PRESENTATION .................................................................................... 2-5 TAX INCREMENT FINANCING FUNDS ........................................................................ 6-36 324 RIVER WEST (FORMERLY AIRPORT TIF) ......................................................................... 6-11 422 WEST WASHINGTON ......................................................................................................... 12-15 425 LEIGHTON PLAZA ............................................................................................................. 16-22 429 RIVER EAST (NORTHEAST DEVELOPMENT) ................................................................. 23-26 430 SOUTHSIDE DEVELOPMENT AREA (SSDA) #1 ............................................................ 27-30 435 DOUGLAS ROAD ................................................................................................................ 31-33 436 RIVER EAST RESIDENTIAL (NORTHEAST RESIDENTIAL) ............................................ 34-36 REDEVELOPMENT FUNDS ....................................................................................... 37-47 433 REDEVELOPMENT ADMINISTRATION GENERAL.......................................................... 37-39 439 CERTIFIED TECHNOLOGY PARK .................................................................................... 40-44 454 AIRPORT URBAN ENTERPRISE ZONE ............................................................................. 45-47 DEBT SERVICE FUNDS ............................................................................................. 48-53 315 2003 AIRPORT DEBT RESERVE ........................................................................................ 48-50 328 SBCDA 2003 DEBT RESERVE ............................................................................................ 51-53 Redevelopment Commission - 1 6HSWHPEHU 'HSDUWPHQWRI&RPPXQLW\,QYHVWPHQW - Redevelopment Commission Controlled Funds ŐĞŶĚĂ ϭ͘ KǀĞƌǀŝĞǁŽĨZĞĚĞǀĞůŽƉŵĞŶƚ&ƵŶĚƐ Ϯ͘ ĐŽŶŽŵŝĐŵƉŽǁĞƌŵĞŶƚWƌŽŐƌĂŵŵŝŶŐ ϯ͘ ϮϬϭϵ'ŽĂůƐ Redevelopment Commission - 2 &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/ KǀĞƌǀŝĞǁŽĨZĞĚĞǀĞůŽƉŵĞŶƚ&ƵŶĚƐ Ψϭϵ͘ϵϴ Ψϭϵ͘ϯϭ ΨϮϮ͘ϲϳ Ψϭϳ͘ϱϳ Ψϭϱ͘ϴϯ Ψϲ͘ϲϰ Ψϳ͘ϭϰ Ψϳ͘ϰϱ Ψϳ͘ϭϰ Ψϳ͘ϵϲ ΨϮ͘ϰϱ Ψϯ͘ϵϬ ΨϮ͘ϯϲ ΨϮ͘Ϯϰ Ψϭ͘ϵϴ ΨϬ͘ϯϱ ΨϬ͘ϯϴΨϬ͘ϰϳ ΨϬ͘ϰϬ ΨϬ͘ϯϰ ΨϬ͘ϯϮ ΨϬ͘Ϯϵ ΨͲ Ψϱ ΨϭϬ Ψϭϱ ΨϮϬ ΨϮϱ ΨϯϬ Ψϯϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬDŝůůŝŽŶƐd/&ZsEh^;ΨŵͿ ZŝǀĞƌtĞƐƚ ZŝǀĞƌĂƐƚ ^ŽƵƚŚ^ŝĚĞ ŽƵŐůĂƐZŽĂĚ tĞƐƚtĂƐŚŝŶŐƚŽŶ Redevelopment Commission - 3 KǀĞƌǀŝĞǁŽĨZĞĚĞǀĞůŽƉŵĞŶƚ&ƵŶĚƐ ΨϮϴ͘ϰŵŝůůŝŽŶĞǆƉĞĐƚĞĚƌĞǀĞŶƵĞĂĐƌŽƐƐƌĞĚĞǀĞůŽƉŵĞŶƚĨƵŶĚƐ Ψϭϯ͘ϯŵĨŽƌĚĞďƚƐĞƌǀŝĐĞůĞĂǀĞƐΨϭϱ͘ϭŵŽĨϮϬϭϵĨƵŶĚƐ DĂũŽƌWƌŽũĞĐƚƐ ϭ͘ Ψϰ͘ϰŵĨŽƌƉƵďůŝĐǁŽƌŬƐƉƌŽũĞĐƚƐ͕ŝŶĐůƵĚŝŶŐEŽƌƚŚ^ƚĂƚŝŽŶ&ŝůƚƌĂƚŝŽŶWůĂŶƚ͕ǁĂƚĞƌŵĂŝŶƐ͕ĂŶĚďŽŽƐƚĞƌƐƚĂƚŝŽŶƐ Ϯ͘ Ψϭ͘ϱŵŝŶWĂƌŬƐƉƌŽũĞĐƚƐ;ŝŶĂĚĚŝƚŝŽŶƚŽd/&ďŽŶĚĚĞďƚƐĞƌǀŝĐĞͿ ϯ͘ ΨϮŵĨŽƌtĞƐƚĞƌŶƐƚƌĞĞƚƐĐĂƉĞ͕&ĂůĐŽŶƚŽƵŶĚĞĞ ϰ͘ ΨϮŵĨŽƌ^DĂƐƚĞƌWůĂŶŝŵƉůĞŵĞŶƚĂƚŝŽŶ;ƉĞŶĚŝŶŐd/&ƌĞĂůŝŐŶŵĞŶƚͿ ϱ͘ ΨϴϬϬ͕ϬϬϬůŽĐĂůŵĂƚĐŚƚŽĨĞĚĞƌĂůĨƵŶĚƐĨŽƌĐŽĂůůŝŶĞƚƌĂŝůƉƌŽũĞĐƚ ϲ͘ ΨϰϱϬ͕ϬϬϬĨŽƌƚĞĐŚŶŽůŽŐǇƌĞƐŽƵƌĐĞĐĞŶƚĞƌŽƉĞƌĂƚŝŽŶƐĂŶĚƉƌŽŐƌĂŵŵŝŶŐ ϳ͘ ΨϳϱϬ͕ϬϬϬĨŽƌWŽƌƚĂŐĞͲůǁŽŽĚƐƚƌĞĞƚƐĐĂƉĞ ϴ͘ ΨϴϬϬ͕ϬϬϬĨŽƌ^ŚĞƌŵĂŶͲ,ĂƌƌŝƐŽŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞͬƉƵďůŝĐƐƉĂĐĞ ϵ͘ ΨϱϱϬ͕ϬϬϬĨŽƌĐŝƚǇĐĞŵĞƚĞƌǇĞŶƚƌĂŶĐĞ;Ztd/&Ϳ ϭϬ͘ ΨϱϬϬ͕ϬϬϬĨŽƌĞŶŐŝŶĞĞƌŝŶŐĂŶĚĚĞƐŝŐŶŽĨϮϬϮϬt^D^ŝŵƉůĞŵĞŶƚĂƚŝŽŶ ϭϭ͘ Ψϯϴϱ͕ϬϬϬĨŽƌƌĞĚĞǀĞůŽƉŵĞŶƚƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐ;ůĞŐĂů͕ĞŶŐŝŶĞĞƌŝŶŐ͕d/&ŵĂŶĂŐĞŵĞŶƚͿ ϭϮ͘ ΨϱϬϬ͕ϬϬϬĨŽƌtĂƐŚŝŶŐƚŽŶŽůĨĂǆĂƉĂƌƚŵĞŶƚƐ;ŚĂůĨŽĨĞǆŝƐƚŝŶŐĐŽŵŵŝƚŵĞŶƚ͕ŽƚŚĞƌŚĂůĨŝŶϮϬϭϴͿ ϭϯ͘ ΨϰϬϬ͕ϬϬϬŝŶtĞƐƚtĂƐŚŝŶŐƚŽŶĂƌĞĂŝŵƉƌŽǀĞŵĞŶƚƐ ϲ ĐŽŶŽŵŝĐŵƉŽǁĞƌŵĞŶƚ;&ƵŶĚϰϯϯͿ ΨϮϱϬ͕ϬϬϬůŽĐĂůŵĂƚĐŚĨŽƌĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌzŽƵƚŚƵŝůĚ ŐƌĂŶƚͶ ƉĂƌƚŶĞƌŝŶŐ ǁŝƚŚ'ŽŽĚǁŝůůŽŶǇŽƵƚŚĂŶĚĐŽŵŵƵŶŝƚǇĚĞǀĞůŽƉŵĞŶƚƉƌŽŐƌĂŵ;ĂŐĞƐϭϲͲϮϰͿ ΨϭϱϬ͕ϬϬϬƚŽŵĂƚĐŚ>ŝĨĞůŽŶŐ>ĞĂƌŶŝŶŐŝŶŝƚŝĂƚŝǀĞ͕ŝŶƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞƌƵĐŬĞƌ /ŶƐƚŝƚƵƚĞ͕'ŽŽŐůĞĂŶĚtĂůŵĂƌƚ͕ƚŽƉƌŽǀŝĚĞŵĞĂŶŝŶŐĨƵůůĞĂƌŶŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐĂƚ ĂůůĂŐĞƐĂŶĚĐĂƌĞĞƌƐƚĂŐĞƐ Ψϭϯϱ͕ϬϬϬŵĂƚĐŚĂƐƉĂƌƚŽĨƚŚĞůŽŽŵďĞƌŐDĂǇŽƌ͛ƐŚĂůůĞŶŐĞŐƌĂŶƚĂƉƉůŝĐĂƚŝŽŶƚŽ ĂĚĚƌĞƐƐǁŽƌŬĨŽƌĐĞƚƌĂŶƐƉŽƌƚĂƚŝŽŶŐĂƉƐ ΨϭϬϬ͕ϬϬϬƐŵĂůůďƵƐŝŶĞƐƐŵŝĐƌŽůŽĂŶƉŝůŽƚĨŽƌŽǁŶĞƌƐ͕ǁŚŽƐĞŚŽƵƐĞŚŽůĚŝŶĐŽŵĞ ĨĂůůƐƵŶĚĞƌϴϬйD/ ΨϭϬϬ͕ϬϬϬĐĂƉĂĐŝƚǇďƵŝůĚŝŶŐŵĞĂƐƵƌĞƐĨŽƌĞĂƌůǇĐŚŝůĚŚŽŽĚĞĚƵĐĂƚŝŽŶ ΨϴϬ͕ϬϬϬ,ŽƵƐŝŶŐĨŝŶĂŶĐŝŶŐŐĂƉƐ͕ůŽǁͲǀĂůƵĞŵŽƌƚŐĂŐĞƐƵƉƉŽƌƚ Ψϳϱ͕ϬϬϬ&/ĂƚƚƌĂĐƚŝŽŶ Ψϳϱ͕ϬϬϬZĞƐŝĚĞŶƚůĞŐĂůĂƐƐŝƐƚĂŶĐĞƉƌŽŐƌĂŵĂŶĚĞǀŝĐƚŝŽŶůĞŐĂůƐƵƉƉŽƌƚƉŝůŽƚ Redevelopment Commission - 4 ϮϬϭϵ'ŽĂůƐ ϭ͘ /ŵƉůĞŵĞŶƚƉƌŽĐĞƐƐĞƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚŶĞǁŽƌŐĂŶŝǌĂƚŝŽŶĂůƐƚƌƵĐƚƵƌĞ͕ŵŽǀĞƚŽǁĂƌĚŽŶĞͲƐƚŽƉƐŚŽƉ ĨŽƌĚĞǀĞůŽƉŵĞŶƚͬůĂŶĚƵƐĞ͕ĂƐǁĞůůĂƐĐĞŶƚƌĂůŝǌĞĚŝƚǇůŝĐĞŶƐŝŶŐ Ϯ͘ ĚǀĂŶĐĞŶĞŝŐŚďŽƌŚŽŽĚĂŶĚŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚƉƌŽŐƌĂŵ͗ĂĚĚƌĞƐƐĨŝŶĂŶĐŝŶŐďĂƌƌŝĞƌƐĂŶĚŵŽǀĞ ŵŽƌĞǀĂĐĂŶƚůŽƚƐƚŽǀĂůƵĂďůĞƵƐĞƐ ϯ͘ /ŶĐƌĞĂƐĞĐŽŶŶĞĐƚŝǀŝƚǇŽĨŶĞŝŐŚďŽƌŚŽŽĚƐƚŽĂŶĚĂƌŽƵŶĚĚŽǁŶƚŽǁŶ ϰ͘ ŽŶƚŝŶƵĞŝŵƉůĞŵĞŶƚĂƚŝŽŶŽĨt^D^͕^DĂƐƚĞƌ͕ĂŶĚŝƚǇĞŵĞƚĞƌǇƉůĂŶƐ ϱ͘ hƉĚĂƚĞƌĞĚĞǀĞůŽƉŵĞŶƚĂƌĞĂƉůĂŶƐ͕ĐŽŵƉůĞƚĞǌŽŶŝŶŐƌĞĨŽƌŵĂŶĚĞŶĂďůĞŵŝƐƐŝŶŐŵŝĚĚůĞŚŽƵƐŝŶŐ ϲ͘ /ŵƉƌŽǀĞƌĞƐŝĚĞŶƚĞŶŐĂŐĞŵĞŶƚŽŶŝƚǇƐĞƌǀŝĐĞƐĂŶĚĚŝƌĞĐƚŶĞŝŐŚďŽƌŚŽŽĚĂƐƐŽĐŝĂƚŝŽŶƐƵƉƉŽƌƚ ϳ͘ /ŶĐƌĞĂƐĞŵĞĂŶŝŶŐĨƵůŝŶĨŽƌŵĂƚŝŽŶĂǀĂŝůĂďůĞŽŶŝƚǇƐĞƌǀŝĐĞƐ͕ŝŶĐůƵĚŝŶŐďĞƚƚĞƌĂĐĐĞƐƐŝďŝůŝƚǇŽĨ ŝŶĨŽƌŵĂƚŝŽŶŽŶůŝŶĞ;Ğ͘Ő͘ĐŝƚǇƉƌŽƉĞƌƚǇĚĂƚĂďĂƐĞͿ ϴ͘ ŽŶƚŝŶƵĞƚŽƉŝůŽƚĞĐŽŶŽŵŝĐĞŵƉŽǁĞƌŵĞŶƚƉƌŽŐƌĂŵƐ ϵ͘ ƵŝůĚŽŶƌĞŐŝŽŶĂůůĞĂĚĞƌƐŚŝƉŝŶǁŽƌŬĨŽƌĐĞĚĞǀĞůŽƉŵĞŶƚ ϭϬ͘ /ŶĐƌĞĂƐĞĨŝŶĂŶĐŝŶŐĨŽƌƐŵĂůůďƵƐŝŶĞƐƐĞƐ ϭϭ͘ WƌŽŵŽƚĞŐƌĞĂƚĞƌĚĞŶƐŝƚǇǁŝƚŚŝŶƚŚĞƵƌďĂŶĐŽƌĞĂŶĚƐƵƌƌŽƵŶĚŝŶŐŶĞŝŐŚďŽƌŚŽŽĚƐ ϭϮ͘ DĂƌŬĞƚŽƵƌ/ŶŶŽǀĂƚŝŽŶŝƐƚƌŝĐƚĂŶĚKƉƉŽƌƚƵŶŝƚǇŽŶĞĨŽƌŝŶǀĞƐƚŵĞŶƚ Redevelopment Commission - 5 City of South Bend, Indiana 2019 Budget Fund 324 - TIF - River West Development Area (Airport) Fund Type Tax Increment Financing 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 18,159,311 17,259,902 17,289,104 10,603,198 16,935,449 15,203,371 15,342,018 15,373,217 15,418,825 (353,655) -2% Local Income Taxes - - - - - - - - - - - Other Taxes 396,000 394,000 395,000 196,500 396,500 396,500 396,500 396,500 396,500 1,500 0% Grants/Intergovernmental 101,185 333,732 365,000 22,988 - - - - - (365,000) -100% Licenses & Permits - - - - - - - - - - - Charges for Services - - 4,320 1,060 - - - - - (4,320) -100% Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 278,752 246,964 450,000 224,376 200,000 200,000 200,000 200,000 200,000 (250,000) -56% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 1,014,738 1,092,732 4,513,079 4,503,353 - - - - - (4,513,079) -100% Transfers In 22,199 24,043 34,000 18,030 34,000 34,000 34,000 34,000 34,000 - 0% Total Revenue 19,972,185 19,351,373 23,050,503 15,569,505 17,565,949 15,833,871 15,972,518 16,003,717 16,049,325 (5,484,554) -24% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services 763,153 1,040,920 3,204,563 579,845 369,644 377,037 384,578 392,269 400,115 (2,834,919) -88% Printing & Advertising 30,275 24,071 - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal 4,670,000 6,159,112 2,831,409 1,137,362 3,608,315 3,750,570 3,808,193 3,491,202 3,649,615 776,906 27% Interest & Fees 1,547,396 2,008,054 962,789 493,871 1,171,850 1,028,620 875,863 707,788 543,131 209,061 22% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges 109,318 426,939 2,457,718 1,984,316 - - - - - (2,457,718) -100% Transfers Out - - 4,265,147 2,133,988 4,261,018 4,261,794 3,977,053 3,665,000 2,887,125 (4,129) 0% Total Services & Charges 7,120,142 9,659,096 13,721,626 6,329,382 9,410,827 9,418,020 9,045,687 8,256,259 7,479,986 (4,310,799) -31% Capital Land - - 150,000 - - - - - - (150,000) -100% Land Improvements 2,554,706 1,247,127 1,511,702 355,712 - - - - - (1,511,702) -100% Bldgs & Bldg Improve.2,672,914 2,491,508 13,885,431 5,975,690 - - - - - (13,885,431) -100% Motor Equipment - - - - - - - - - - - Machinery & Equipment 4,523,923 857,113 89,230 79,499 - - - - - (89,230) -100% Infrastructure 3,318,776 4,105,934 16,998,193 316,917 8,589,173 4,581,980 3,454,314 3,243,741 6,020,015 (8,409,020) -49% Total Capital 13,070,319 8,701,682 32,634,556 6,727,818 8,589,173 4,581,980 3,454,314 3,243,741 6,020,015 (24,045,383) -74% Total Expenditures 20,190,461 18,360,777 46,356,182 13,057,200 18,000,000 14,000,000 12,500,001 11,500,000 13,500,001 (28,356,182) -61% Net Surplus / (Deficit) (218,276) 990,596 (23,305,679) 2,512,306 (434,051) 1,833,871 3,472,517 4,503,717 2,549,324 Beginning Cash Balance 32,678,602 32,453,040 33,563,915 10,258,236 9,824,185 11,658,056 15,130,573 19,634,290 Cash Reserve Cash Adjustments (7,285) 120,279 - - - - - - Ending Cash Balance 32,453,040 33,563,915 10,258,236 9,824,185 11,658,056 15,130,573 19,634,290 22,183,614 Cash Reserves Target 5,047,615 4,590,194 11,589,046 4,500,000 3,500,000 3,125,000 2,875,000 3,375,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 25% of Annual expenditures Various projects and development opportunities include: Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Interest rates are expected to rise over the next few years, increasing interest earnings revenue. This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River West Development Area and expenses of those funds on eligible development projects for this TIF area. Redevelopment Commission - 6 City of South Bend, Indiana2019 BudgetFund 324 - TIF - River West Development Area (Airport)Five-Year Capital Improvement PlanFunding 2019ForecastNameSource Budget 2020202120222023TotalJustificationReplacement Capital- - - - - - - - - - - - - Total Replacement Capital- - - - - - Project CapitalVarious projectsCash8,589,173 4,581,980 3,454,314 3,243,741 6,020,015 25,889,223 Continued work as approved by the Redevelopment Commission.- - - - - - - - - - - Total Project Capital8,589,173 4,581,980 3,454,314 3,243,741 6,020,015 25,889,223 Minimum Thresholds:Total Capital8,589,173 4,581,980 3,454,314 3,243,741 6,020,015 25,889,223 Equipment $10,000 | Buildings $100,000Explain Significant Spending on Capital Projects Below:Redevelopment Commission - 7 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresRIVER WEST TIF (AIRPORT)324-1050-460.31-01 LEGAL SERVICES112,572 86,951 97,010 124,463 40,366 38,601 78,030LEVEL TEXTTEXT AMTBUDG CITY PROFESSIONAL STAFF SERVICES77,010OUTSIDE LEGAL FOR VARIOUS PROJECTS20,00097,010324-1050-460.31-02 ENGINEERING406,711 669,402 214,117 2,291,950 475,014 371,503 201,614LEVEL TEXTTEXT AMTBUDG CITY PROFESSIONAL STAFF SERVICES214,117214,117324-1050-460.31-05 APPRAISAL0 30,70500000324-1050-460.31-06 OTHER PROFESSIONAL SVCS 243,870 253,863 86,700 788,150 218,397 169,740 90,000LEVEL TEXTTEXT AMTBUDG CITY PROFESSIONAL SERVICES86,70086,700324-1050-460.33-03 PROMOTIONAL30,275 24,07100000324-1050-460.37-11 CAPITAL LEASE PRINCIPAL 2,185,000 3,149,112 3,188,224 136,409 67,362 67,3620324-1050-460.37-12 CAPITAL LEASE INTEREST438,500 990,486 1,276,923 63,591 32,638 32,6380324-1050-460.38-01 PRINCIPAL2,485,000 3,010,000 2,695,000 2,695,000 1,170,000 1,070,000 3,608,315LEVEL TEXTTEXT AMTBUDG DS-005 2011 DOWNTOWN CENTRAL DEV AREA TIF 2/1/19715,000DS-005 2011 DOWNTOWN CENTRAL DEV AREA TIF 8/1/19730,000DS-006 2011 AIRPORT DEV AREA TIF 2/1/19405,000DS-006 2011 AIRPORT DEV AREA TIF 8/1/19415,000DS-012 2014 TJX SPECIAL TAXING DIST 1/1/20440,000DS-013 2006 MAIN/COLFAX GARAGE-TRANSPO 3/15/1970,773DS-013 2006 MAIN/COLFAX GARAGE-TRANSPO 9/15/1972,542DS-086 2010 INTERFUND LOAN FUND 209 TO 324 8/9/19100,000DS-169 2018 TIF PARK BOND 2/1/19330,000DS-169 2018 TIF PARK BOND 8/1/19330,0003,608,315324-1050-460.38-02 INTEREST1,108,396 1,016,068 897,698 897,698 461,233 461,233 1,170,350LEVEL TEXTTEXT AMTBUDG DS-005 2011 DOWNTOWN CENTRAL DEV AREA TIF 2/1/19244,810DS-005 2011 DOWNTOWN CENTRAL DEV AREA TIF 8/1/19227,758DS-006 2011 AIRPORT DEV AREA TIF 2/1/19139,378DS-006 2011 AIRPORT DEV AREA TIF 8/1/19129,719DS-012 2014 TJX SPECIAL TAXING DIST 7/1/1920,475DS-012 2014 TJX SPECIAL TAXING DIST 1/1/2020,475Redevelopment Commission - 8 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresDS-013 2006 MAIN/COLFAX GARAGE-TRANSPO 3/15/1929,227DS-013 2006 MAIN/COLFAX GARAGE-TRANSPO 9/15/1927,458DS-169 2018 TIF PARK BOND 2/1/19167,175DS-169 2018 TIF PARK BOND 8/1/19163,8751,170,350324-1050-460.38-03 PAYING AGENT FEES500 1,500 1,500 1,50000 1,500LEVEL TEXTTEXT AMTBUDG TJX BOND DS-012500CENTURY CENTER BOND DS-0621,0001,500324-1050-460.39-01 REFNDS,AWARDS,INDEMNITIES0 124,3530 1,042,706 1,042,706 1,042,7060324-1050-460.39-82 DEMOLITION & CLEARANCE109,318 302,5860 1,415,012 941,611 941,6110------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES7,120,142 9,659,097 8,457,172 9,456,479 4,449,327 4,195,394 5,149,809324-1050-460.41-01 LAND000 150,000000324-1050-460.42-01 LAND IMPROVEMENTS2,554,706 1,247,1270 1,511,702 597,312 355,7120324-1050-460.42-02 BUILDING IMPROVEMENTS 2,672,914 2,491,5080 13,885,431 7,702,602 5,975,6900324-1050-460.42-03 STREETS AND ALLEYS3,318,776 4,105,934 18,042,828 16,398,193 1,002,607 316,917 8,589,173324-1050-460.42-04 SEWERS000 600,000000324-1050-460.42-07 EQUIPMENT4,523,923 857,1130 89,230 89,202 79,4990------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL13,070,319 8,701,682 18,042,828 32,634,556 9,391,723 6,727,818 8,589,173324-1050-460.50-02 INTERFUND TRANSFER OUT000 4,265,147 4,069,475 2,133,988 4,261,018LEVEL TEXTTEXT AMTBUDG TRANSFERS FOR DEBT SERVICES PAYMENTS & FEES2019 TRANSFER TO 755-0000-392.00-00591,098DS-036 2010/2001 PUBLIC WORKS SERVICE CENTER BONDS2019 TRANSFER TO 755-0000-392.00-001,557,920DS-039 2012 FIRE ST/POLICE DEPT (BLDG CORP)2019 TRANSFER TO 752-0000-392.00-00396,500DS-062 2008/2013 CENTURY CENTER BONDS2019 TRANSFER TO 756-1001-392.00-001,715,500DS-135 2015 SMART STREETS BONDS4,261,018------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES000 4,265,147 4,069,475 2,133,988 4,261,018------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT20,190,461 18,360,779 26,500,000 46,356,182 17,910,525 13,057,200 18,000,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** RIVER WEST TIF (AIRPORT)20,190,461 18,360,779 26,500,000 46,356,182 17,910,525 13,057,200 18,000,000 Redevelopment Commission - 9 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueRIVER WEST TIF (AIRPORT)324-0000-311.00-00 GENERAL PROPERTY TAX 18,159,311 17,259,902 18,358,133 17,289,104 10,603,198 10,603,198 16,935,449------------ ------------ ------------ ------------ ------------ ------------ ------------*18,159,311 17,259,902 18,358,133 17,289,104 10,603,198 10,603,198 16,935,449324-0000-317.00-00 HOTEL/MOTEL TAX396,000 394,000 395,000 395,000 196,500 196,500 396,500------------ ------------ ------------ ------------ ------------ ------------ ------------*396,000 394,000 395,000 395,000 196,500 196,500 396,500324-0000-334.13-00 INDUSTRIAL DEVELOPMENT101,185 333,7320 365,000 22,988 22,9880------------ ------------ ------------ ------------ ------------ ------------ ------------*101,185 333,7320 365,000 22,988 22,9880324-0000-349.11-00 PARKING000 4,320 1,060 1,0600------------ ------------ ------------ ------------ ------------ ------------ ------------*000 4,320 1,060 1,0600324-0000-360.00-00 MISCELLANEOUS REVENUE15,036 72,3870 10,692 10,605 10,0050324-0000-360.81-01 PROPERTY OWNERS SHARE0 415,06400000------------ ------------ ------------ ------------ ------------ ------------ ------------*15,036 487,4510 10,692 10,605 10,0050324-0000-361.00-00 INTEREST EARNINGS264,096 246,007 200,000 450,000 315,970 224,376 200,000324-0000-361.31-10 INTEREST INCOME14,65695700000------------ ------------ ------------ ------------ ------------ ------------ ------------*278,752 246,964 200,000 450,000 315,970 224,376 200,000324-0000-362.00-00 RENTAL OF PROPERTY88,616 56,5090 7,387 5,687 5,6870324-0000-362.20-00 LEASE REVENUE- EQUIPMENT 250,000 125,0000 125,000 125,000 125,0000------------ ------------ ------------ ------------ ------------ ------------ ------------*338,616 181,5090 132,387 130,687 130,6870324-0000-380.10-77 INDOT SR 933 TRANSFER000 4,100,000 4,100,000 4,100,0000------------ ------------ ------------ ------------ ------------ ------------ ------------*000 4,100,000 4,100,000 4,100,0000324-0000-391.05-00 PROPERTY SALES140,510 287,3980 250,000 242,661 242,6610324-0000-391.05-02 LAND318,23600 20,000 20,000 20,0000324-0000-391.05-04 BLACKTHORN GOLF CART SALE0 60,00000000------------ ------------ ------------ ------------ ------------ ------------ ------------*458,746 347,3980 270,000 262,661 262,6610324-0000-392.00-00 INTERFUND TRANSFER IN22,199 24,043 34,000 34,000 26,251 18,030 34,000LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER FROM 315-1002-460.50-0214,000INTEREST EARNINGS TRANSFERRED FROM FUND 3152019 TRANSFER FROM 328-1002-460.50-0220,000Redevelopment Commission - 10 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueINTEREST EARNINGS TRANSFERRED FROM FUND 32834,000------------ ------------ ------------ ------------ ------------ ------------ ------------*22,199 24,043 34,000 34,000 26,251 18,030 34,000324-0000-399.31-10 PRINCIPAL ON LOANS202,340 76,37400000------------ ------------ ------------ ------------ ------------ ------------ ------------*202,340 76,37400000------------ ------------ ------------ ------------ ------------ ------------ ------------** RIVER WEST TIF (AIRPORT)19,972,185 19,351,373 18,987,133 23,050,503 15,669,920 15,569,505 17,565,949------------ ------------ ------------ ------------ ------------ ------------ ------------*** RIVER WEST TIF (AIRPORT)19,972,185 19,351,373 18,987,133 23,050,503 15,669,920 15,569,505 17,565,949 Redevelopment Commission - 11 City of South Bend, Indiana 2019 Budget Fund 422 - TIF - West Washington Fund Type Tax Increment Financing 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 453,503 378,994 420,000 173,583 314,425 282,165 284,903 286,107 286,990 (105,575) -25% Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 14,814 18,448 34,000 17,837 10,000 10,000 10,000 10,000 10,000 (24,000) -71% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 468,317 397,442 454,000 191,420 324,425 292,165 294,903 296,107 296,990 (129,575) -29% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services 14,082 3,013 687 - - - - - - (687) -100% 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 14,082 3,013 687 - - - - - - (687) -100% Capital Land - - - - - - - - - - - Land Improvements - - 450,000 65,234 - - - - - (450,000) -100% Bldgs & Bldg Improve.- - 340,000 - - - - - - (340,000) -100% Motor Equipment - - - - - - - - - - - Machinery & Equipment - - - - - - - - - - - Infrastructure - 79,063 1,095,229 88,851 900,000 400,000 350,000 300,000 300,000 (195,229) -18% Total Capital - 79,063 1,885,229 154,085 900,000 400,000 350,000 300,000 300,000 (985,229) -52% Total Expenditures 14,082 82,076 1,885,916 154,085 900,000 400,000 350,000 300,000 300,000 (985,916) -52% Net Surplus / (Deficit) 454,235 315,366 (1,431,916) 37,335 (575,575) (107,835) (55,097) (3,893) (3,010) Beginning Cash Balance 1,504,532 1,957,615 2,279,940 848,024 272,449 164,614 109,517 105,624 Cash Reserve Cash Adjustments (1,152) 6,959 - - - - - - Ending Cash Balance 1,957,615 2,279,940 848,024 272,449 164,614 109,517 105,624 102,614 Cash Reserves Target 3,521 20,519 471,479 225,000 100,000 87,500 75,000 75,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 25% of Annual expenditures The City Cemetery Master Plan is funded through this TIF. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Interest rates are expected to rise over the next few years, increasing interest earnings revenue. This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the West Washington Development Area and expenses of those funds on eligible development projects for this TIF area. Redevelopment Commission - 12 City of South Bend, Indiana2019 BudgetFund 422 - TIF - West WashingtonFive-Year Capital Improvement PlanFunding 2019ForecastNameSource Budget 2020202120222023TotalJustificationReplacement Capital- - - - - - - - - - - - - Total Replacement Capital- - - - - - Project CapitalVarious projectsCash900,000 400,000 350,000 300,000 300,000 2,250,000 Continued work as approved by the Redevelopment Commission.- - - - - - - - - - - Total Project Capital900,000 400,000 350,000 300,000 300,000 2,250,000 Minimum Thresholds:Total Capital900,000 400,000 350,000 300,000 300,000 2,250,000 Equipment $10,000 | Buildings $100,000Explain Significant Spending on Capital Projects Below:Redevelopment Commission - 13 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresTIF ALLOC WEST WASHINGTON422-1050-460.31-06 OTHER PROFESSIONAL SVCS 14,082 3,0130687000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES14,082 3,0130687000422-1050-460.42-01 LAND IMPROVEMENTS000 450,000 65,234 65,2340422-1050-460.42-02 BUILDING IMPROVEMENTS000 340,000000422-1050-460.42-03 STREETS AND ALLEYS0 79,063 1,000,000 1,095,229 119,095 88,851 900,000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL0 79,063 1,000,000 1,885,229 184,329 154,085 900,000------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT14,082 82,076 1,000,000 1,885,916 184,329 154,085 900,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** TIF ALLOC WEST WASHINGTON14,082 82,076 1,000,000 1,885,916 184,329 154,085 900,000 Redevelopment Commission - 14 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueTIF ALLOC WEST WASHINGTON422-0000-311.00-00 GENERAL PROPERTY TAX453,503 378,994 420,000 420,000 173,583 173,583 314,425------------ ------------ ------------ ------------ ------------ ------------ ------------*453,503 378,994 420,000 420,000 173,583 173,583 314,425422-0000-361.00-00 INTEREST EARNINGS14,814 18,448 16,000 34,000 24,493 17,837 10,000------------ ------------ ------------ ------------ ------------ ------------ ------------*14,814 18,448 16,000 34,000 24,493 17,837 10,000------------ ------------ ------------ ------------ ------------ ------------ ------------** TIF ALLOC WEST WASHINGTON468,317 397,442 436,000 454,000 198,076 191,420 324,425------------ ------------ ------------ ------------ ------------ ------------ ------------*** TIF ALLOC WEST WASHINGTON468,317 397,442 436,000 454,000 198,076 191,420 324,425 Redevelopment Commission - 15 City of South Bend, Indiana 2019 Budget Fund 425 - TIF - Leighton Plaza (Redevelop Retail) Fund Type Tax Increment Financing 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 1,511 1,535 1,706 1,250 - - - - - (1,706) -100% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 133,957 115,237 195,308 38,991 - - - - - (195,308) -100% Transfers In - - - - - - - - - - - Total Revenue 135,468 116,772 197,014 40,241 - - - - - (197,014) -100% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies 4,035 8,368 10,342 1,672 - - - - - (10,342) -100% Services & Charges Professional Services 23,425 10,040 7,000 - - - - - - (7,000) -100% Printing & Advertising - - - - - - - - - - - Utilities 8,324 4,446 4,500 13,090 - - - - - (4,500) -100% Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance 36,158 63,044 85,834 15,987 - - - - - (85,834) -100% Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges 44,681 46,151 50,490 6,151 - - - - - (50,490) -100% Transfers Out - - - - - - - - - - - Total Services & Charges 112,588 123,681 147,824 35,229 - - - - - (147,824) -100% Capital Land - - - - - - - - - - - Land Improvements - - - - - - - - - - - Bldgs & Bldg Improve.40,850 - - - - - - - - - - Motor Equipment - - - - - - - - - - - Machinery & Equipment - - - - - - - - - - - Infrastructure - - - - - - - - - - - Total Capital 40,850 - - - - - - - - - - Total Expenditures 157,473 132,049 158,166 36,901 - - - - - (158,166) -100% Net Surplus / (Deficit)(22,005) (15,277) 38,848 3,339 - - - - - Beginning Cash Balance 208,565 186,518 176,971 - - - - - Cash Reserve Cash Adjustments (42) 5,730 (215,819) - - - - - Ending Cash Balance 186,518 176,971 - - - - - - Cash Reserves Target 39,368 33,012 39,542 - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 25% of Annual expenditures This fund is used for South Bend downtown retail space property management. Property sold in June of 2018. Fund can be closed. This funds receives revenue from the rental of property in downtown South Bend. Redevelopment Commission - 16 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresTIF - LEIGHTON PLAZA425-1081-460.23-99 OTHER R&M SUPPLIES3,015 3,524 5,292 5,292 1,672 1,6720------------ ------------ ------------ ------------ ------------ ------------ ------------* SUPPLIES3,015 3,524 5,292 5,292 1,672 1,6720425-1081-460.31-10 LEASING COMMISSIONS23,425 10,040 7,000 7,000000425-1081-460.35-01 ELECTRIC2,116000 7,741 6,4840425-1081-460.35-02 NATURAL GAS0000 5,890 3,4310425-1081-460.35-03 TRASH REMOVAL4,446 4,446 4,500 4,500 2,594 1,4820425-1081-460.35-04 WATER1,762000 2,558 1,6940425-1081-460.36-01 BUILDING R&M3,367 9,141 24,000 24,000000425-1081-460.36-12 COMM. AREA MAINT GRNDS3,072 4,360 8,480 8,480 4,413 4,2900425-1081-460.36-13 MAINT. SUPERVISOR LABOR1,980 4,723 4,800 4,800000425-1081-460.36-15 GENERAL MAINT-LABOR13,377 22,604 22,604 22,604 14,305 7,1540425-1081-460.39-02 ADMINISTRATIVE/MILEAGE164184 1,800 1,8002642170425-1081-460.39-03 MANAGEMENT FEES8,569 7,500 9,766 9,766 4,882 2,6000425-1081-460.39-09 ADMINISTRATIVE EXPENSE6,065 8,900 11,176 11,176 19,179 2,6340425-1081-460.39-89 MISC CHARGES & SVCS22,479 22,678 16,784 16,784 6,88600------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES90,822 94,576 110,910 110,910 68,712 29,9860425-1081-460.42-02 BUILDING IMPROVEMENTS40,850000000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL40,850000000------------ ------------ ------------ ------------ ------------ ------------ ------------** RETAIL134,687 98,100 116,202 116,202 70,384 31,6580Redevelopment Commission - 17 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures425-1082-460.22-07 LANDSCAPING MATERIAL0 2,500 2,500 2,500000425-1082-460.23-40 SALT/ICE MELT125194270270000425-1082-460.23-99 OTHER R&M SUPPLIES895 2,150 2,280 2,28060100------------ ------------ ------------ ------------ ------------ ------------ ------------* SUPPLIES1,020 4,844 5,050 5,05060100425-1082-460.36-12 COMM. AREA MAINT GRNDS14,362 22,216 25,950 25,950 9,679 4,5430425-1082-460.39-01 REFNDS,AWARDS,INDEMNITIES9009009009005253000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES15,262 23,116 26,850 26,850 10,204 4,8430------------ ------------ ------------ ------------ ------------ ------------ ------------** PLAZA16,282 27,960 31,900 31,900 10,805 4,8430Redevelopment Commission - 18 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures425-1083-460.39-01 REFNDS,AWARDS,INDEMNITIES 2,000 1,200 2,400 2,400 1,0004000425-1083-460.39-89 MISC CHARGES & SVCS4,504 4,789 7,664 7,664 3,84900------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES6,504 5,989 10,064 10,064 4,8494000------------ ------------ ------------ ------------ ------------ ------------ ------------** WAYNE STREET6,504 5,989 10,064 10,064 4,8494000------------ ------------ ------------ ------------ ------------ ------------ ------------*** TIF - LEIGHTON PLAZA157,473 132,049 158,166 158,166 86,038 36,9010Redevelopment Commission - 19 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueTIF - LEIGHTON PLAZA425-0000-361.00-00 INTEREST EARNINGS1,509 1,534 1,700 1,700 1,721 1,2500------------ ------------ ------------ ------------ ------------ ------------ ------------*1,509 1,534 1,700 1,700 1,721 1,2500------------ ------------ ------------ ------------ ------------ ------------ ------------** TIF - LEIGHTON PLAZA1,509 1,534 1,700 1,700 1,721 1,2500Redevelopment Commission - 20 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue425-1081-360.00-00 MISCELLANEOUS REVENUE6,123 2,631 6,480 6,480 3,363 2,2120425-1081-360.20-00 COMMON AREA MAINT. INC. 21,310 24,673 37,713 37,713 22,398 11,3720------------ ------------ ------------ ------------ ------------ ------------ ------------*27,433 27,304 44,193 44,193 25,761 13,5840425-1081-361.00-00 INTEREST EARNINGS2166000------------ ------------ ------------ ------------ ------------ ------------ ------------*2166000425-1081-362.00-00 RENTAL OF PROPERTY86,863 87,933 114,777 114,777 46,611 25,4070------------ ------------ ------------ ------------ ------------ ------------ ------------*86,863 87,933 114,777 114,777 46,611 25,4070------------ ------------ ------------ ------------ ------------ ------------ ------------** RETAIL114,298 115,238 158,976 158,976 72,372 38,9910Redevelopment Commission - 21 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Revenue425-1083-360.20-00 COMMON AREA MAINT. INC.00 8,532 8,532000------------ ------------ ------------ ------------ ------------ ------------ ------------*00 8,532 8,532000425-1083-362.00-00 RENTAL OF PROPERTY19,6610 27,806 27,806000------------ ------------ ------------ ------------ ------------ ------------ ------------*19,6610 27,806 27,806000------------ ------------ ------------ ------------ ------------ ------------ ------------** WAYNE STREET19,6610 36,338 36,338000------------ ------------ ------------ ------------ ------------ ------------ ------------*** TIF - LEIGHTON PLAZA135,468 116,772 197,014 197,014 74,093 40,2410Redevelopment Commission - 22 City of South Bend, Indiana 2019 Budget Fund 429 - TIF - River East Development Area (NE Dev) Fund Type Tax Increment Financing 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 2,348,608 2,630,887 2,300,000 1,442,090 2,808,805 2,453,084 2,465,829 2,464,954 2,471,952 508,805 22% Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services 1,400 2,450 - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 69,442 69,831 132,000 67,437 57,000 57,000 57,000 57,000 57,000 (75,000) -57% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income 68,401 56,065 74,556 72,104 - - - - - (74,556) -100% Transfers In - - - - - - - - - - - Total Revenue 2,487,851 2,759,233 2,506,556 1,581,631 2,865,805 2,510,084 2,522,829 2,521,954 2,528,952 359,249 14% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services 121,818 324,705 157,759 122,253 - - - - - (157,759) -100% Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - 140,918 13,617 7,417 - - - - - (13,617) -100% Transfers Out - - - - - - - - - - - Total Services & Charges 121,818 465,623 171,376 129,669 - - - - - (171,376) -100% Capital Land - - 15,000 13,975 - - - - - (15,000) -100% Land Improvements 100 40,000 486,303 - - - - - - (486,303) -100% Bldgs & Bldg Improve.3,635 448,217 1,446,936 300,271 - - - - - (1,446,936) -100% Motor Equipment - - - - - - - - - - - Machinery & Equipment - - - - - - - - - - - Infrastructure 2,047,781 1,003,900 5,468,076 161,182 5,100,000 2,800,000 2,700,000 2,600,000 2,500,000 (368,076) -7% Total Capital 2,051,516 1,492,117 7,416,315 475,429 5,100,000 2,800,000 2,700,000 2,600,000 2,500,000 (2,316,315) -31% Total Expenditures 2,173,334 1,957,740 7,587,691 605,098 5,100,000 2,800,000 2,700,000 2,600,000 2,500,000 (2,487,691) -33% Net Surplus / (Deficit) 314,517 801,493 (5,081,135) 976,533 (2,234,195) (289,916) (177,171) (78,046) 28,952 Beginning Cash Balance 7,549,627 7,861,822 8,790,697 3,709,562 1,475,367 1,185,451 1,008,280 930,234 Cash Reserve Cash Adjustments (2,323) 127,382 - - - - - - Ending Cash Balance 7,861,822 8,790,697 3,709,562 1,475,367 1,185,451 1,008,280 930,234 959,186 Cash Reserves Target 543,334 489,435 1,896,923 1,275,000 700,000 675,000 650,000 625,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 25% of Annual expenditures This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River East Development Area and expenses of those funds on eligible development projects for this TIF area. The boundaries for this TIF district were changed during the 2014 TIF re-alignment. This fund was formerly known as the Northeast TIF. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Interest rates are expected to rise over the next few years, increasing interest earnings revenue. Redevelopment Commission - 23 City of South Bend, Indiana2019 BudgetFund 429 - TIF - River East Development Area (NE Dev)Five-Year Capital Improvement PlanFunding 2019ForecastNameSource Budget 2020202120222023TotalJustificationReplacement Capital- - - - - - - - - - - - - Total Replacement Capital- - - - - - Project CapitalVarious projectsCash5,100,000 2,800,000 2,700,000 2,600,000 2,500,000 15,700,000 Continued work as approved by the Redevelopment Commission.- - - - - - - - - - - Total Project Capital5,100,000 2,800,000 2,700,000 2,600,000 2,500,000 15,700,000 Minimum Thresholds:Total Capital5,100,000 2,800,000 2,700,000 2,600,000 2,500,000 15,700,000 Equipment $10,000 | Buildings $100,000Explain Significant Spending on Capital Projects Below:Redevelopment Commission - 24 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresRIVER EAST DEV TIF (NE)429-1050-460.31-01 LEGAL SERVICES0000 2,75000429-1050-460.31-02 ENGINEERING30,978 82,6030 321,597 271,090 118,6540429-1050-460.31-06 OTHER PROFESSIONAL SVCS 90,840 242,1020 163,838- 19,224 3,5990429-1050-460.39-82 DEMOLITION & CLEARANCE0 140,9180 13,617 7,417 7,4170------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES121,818 465,6230 171,376 300,481 129,6690429-1050-460.41-01 LAND000 15,000 13,975 13,9750429-1050-460.42-01 LAND IMPROVEMENTS100 40,0000 486,303000429-1050-460.42-02 BUILDING IMPROVEMENTS3,635 448,2170 1,446,936 300,271 300,2710429-1050-460.42-03 STREETS AND ALLEYS2,047,781 1,003,900 2,750,000 5,468,076 161,182 161,182 5,100,000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL2,051,516 1,492,117 2,750,000 7,416,315 475,428 475,429 5,100,000------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT2,173,334 1,957,740 2,750,000 7,587,691 775,909 605,098 5,100,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** RIVER EAST DEV TIF (NE)2,173,334 1,957,740 2,750,000 7,587,691 775,909 605,098 5,100,000 Redevelopment Commission - 25 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueRIVER EAST DEV TIF (NE)429-0000-311.00-00 GENERAL PROPERTY TAX 2,348,608 2,630,887 2,300,000 2,300,000 1,442,090 1,442,090 2,808,805------------ ------------ ------------ ------------ ------------ ------------ ------------*2,348,608 2,630,887 2,300,000 2,300,000 1,442,090 1,442,090 2,808,805429-0000-349.11-04 MONTHLY PARKING1,400 2,45000000------------ ------------ ------------ ------------ ------------ ------------ ------------*1,400 2,45000000429-0000-360.00-00 MISCELLANEOUS REVENUE68,400 4,1240 6,000 3,548 3,5480429-0000-360.81-01 PROPERTY OWNERS SHARE0 51,9410 68,556 68,556 68,5560------------ ------------ ------------ ------------ ------------ ------------ ------------*68,400 56,0650 74,556 72,104 72,1040429-0000-361.00-00 INTEREST EARNINGS69,442 69,831 57,000 132,000 94,580 67,437 57,000------------ ------------ ------------ ------------ ------------ ------------ ------------*69,442 69,831 57,000 132,000 94,580 67,437 57,000429-0000-391.05-00 PROPERTY SALES1000000------------ ------------ ------------ ------------ ------------ ------------ ------------*1000000------------ ------------ ------------ ------------ ------------ ------------ ------------** RIVER EAST DEV TIF (NE)2,487,851 2,759,233 2,357,000 2,506,556 1,608,774 1,581,631 2,865,805------------ ------------ ------------ ------------ ------------ ------------ ------------*** RIVER EAST DEV TIF (NE)2,487,851 2,759,233 2,357,000 2,506,556 1,608,774 1,581,631 2,865,805 Redevelopment Commission - 26 City of South Bend, Indiana 2019 Budget Fund 430 - TIF - Southside Development #1 Fund Type Tax Increment Financing 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 2,401,252 2,365,692 2,300,549 1,258,579 2,229,283 1,973,440 1,986,894 1,990,890 1,985,754 (71,266) -3% Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 50,157 53,243 125,000 62,206 30,000 30,000 30,000 30,000 30,000 (95,000) -76% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - 1,466,348 - - - - - - - - - Total Revenue 2,451,409 3,885,283 2,425,549 1,320,785 2,259,283 2,003,440 2,016,894 2,020,890 2,015,754 (166,266) -7% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services 252,868 161,185 468,283 127,222 - - - - - (468,283) -100% 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 252,868 161,185 468,283 127,222 - - - - - (468,283) -100% Capital Land 332,575 54,748 301,650 28,000 - - - - - (301,650) -100% Land Improvements - - 2,010,000 - - - - - - (2,010,000) -100% Bldgs & Bldg Improve.- - 901,700 - - - - - - (901,700) -100% Motor Equipment - - - - - - - - - - - Machinery & Equipment - - - - - - - - - - - Infrastructure 3,339,457 454,654 3,874,393 18,765 4,000,000 2,000,000 2,000,000 2,000,000 2,000,000 125,607 3% Total Capital 3,672,032 509,402 7,087,743 46,765 4,000,000 2,000,000 2,000,000 2,000,000 2,000,000 (3,087,743) -44% Total Expenditures 3,924,900 670,587 7,556,026 173,987 4,000,000 2,000,000 2,000,000 2,000,000 2,000,000 (3,556,026) -47% Net Surplus / (Deficit) (1,473,491) 3,214,696 (5,130,477) 1,146,798 (1,740,717) 3,440 16,894 20,890 15,754 Beginning Cash Balance 6,086,105 4,613,772 7,848,685 2,718,208 977,491 980,931 997,825 1,018,715 Cash Reserve Cash Adjustments 1,159 20,217 - - - - - - Ending Cash Balance 4,613,772 7,848,685 2,718,208 977,491 980,931 997,825 1,018,715 1,034,469 Cash Reserves Target 981,225 167,647 1,889,007 1,000,000 500,000 500,000 500,000 500,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 25% of Annual expenditures This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the Southside Development Area #1 and expenses of those funds on eligible development projects for this TIF area. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Interest rates are expected to rise over the next few years, increasing interest earnings revenue. Redevelopment Commission - 27 City of South Bend, Indiana2019 BudgetFund 430 - TIF - Southside Development #1Five-Year Capital Improvement PlanFunding 2019ForecastNameSource Budget 2020202120222023TotalJustificationReplacement Capital- - - - - - - - - - - - - Total Replacement Capital- - - - - - Project CapitalVarious projectsCash4,000,000 2,000,000 2,000,000 2,000,000 2,000,000 12,000,000 Continued work as approved by the Redevelopment Commission.- - - - - - - - - - - Total Project Capital4,000,000 2,000,000 2,000,000 2,000,000 2,000,000 12,000,000 Minimum Thresholds:Total Capital4,000,000 2,000,000 2,000,000 2,000,000 2,000,000 12,000,000 Equipment $10,000 | Buildings $100,000Explain Significant Spending on Capital Projects Below:Redevelopment Commission - 28 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresSOUTHSIDE DEV TIF AREA #1430-1050-460.31-01 LEGAL SERVICES000 64,000 23,098 23,0980430-1050-460.31-02 ENGINEERING245,163 144,7580 308,620 58,591 19,8960430-1050-460.31-05 APPRAISAL0 8,0000 4,000 3,525 3,5250430-1050-460.31-06 OTHER PROFESSIONAL SVCS7,705 8,4270 91,663 80,702 80,7020------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES252,868 161,1850 468,283 165,916 127,2220430-1050-460.41-01 LAND332,575 54,7480 301,650 46,200 28,0000430-1050-460.42-01 LAND IMPROVEMENTS000 2,010,000000430-1050-460.42-02 BUILDING IMPROVEMENTS000 901,700000430-1050-460.42-03 STREETS AND ALLEYS3,339,457 454,654 4,000,000 3,874,393 44,213 18,765 4,000,000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL3,672,032 509,402 4,000,000 7,087,743 90,413 46,765 4,000,000------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT3,924,900 670,587 4,000,000 7,556,026 256,329 173,987 4,000,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** SOUTHSIDE DEV TIF AREA #13,924,900 670,587 4,000,000 7,556,026 256,329 173,987 4,000,000 Redevelopment Commission - 29 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueSOUTHSIDE DEV TIF AREA #1430-0000-311.00-00 GENERAL PROPERTY TAX 2,401,252 2,365,692 2,400,000 2,300,549 1,258,579 1,258,579 2,229,283------------ ------------ ------------ ------------ ------------ ------------ ------------*2,401,252 2,365,692 2,400,000 2,300,549 1,258,579 1,258,579 2,229,283430-0000-361.00-00 INTEREST EARNINGS50,157 53,243 10,000 125,000 87,545 62,206 30,000------------ ------------ ------------ ------------ ------------ ------------ ------------*50,157 53,243 10,000 125,000 87,545 62,206 30,000430-0000-392.00-00 INTERFUND TRANSFER IN0 1,466,34800000------------ ------------ ------------ ------------ ------------ ------------ ------------*0 1,466,34800000------------ ------------ ------------ ------------ ------------ ------------ ------------** SOUTHSIDE DEV TIF AREA #12,451,409 3,885,283 2,410,000 2,425,549 1,346,124 1,320,785 2,259,283------------ ------------ ------------ ------------ ------------ ------------ ------------*** SOUTHSIDE DEV TIF AREA #12,451,409 3,885,283 2,410,000 2,425,549 1,346,124 1,320,785 2,259,283 Redevelopment Commission - 30 City of South Bend, Indiana 2019 Budget Fund 435 - TIF - Douglas Road Fund Type Tax Increment Financing 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 345,262 379,255 - - - - - - - - - Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 1,094 534 3,150 1,504 - - - - - (3,150) -100% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 346,356 379,789 3,150 1,504 - - - - - (3,150) -100% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services 100 116 144,650 - - - - - - (144,650) -100% Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal 312,515 323,006 - - - - - - - - - Interest & Fees 28,673 12,602 - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges 341,288 335,724 144,650 - - - - - - (144,650) -100% Capital - - - - - - - - - - - Total Expenditures 341,288 335,724 144,650 - - - - - - (144,650) -100% Net Surplus / (Deficit)5,068 44,065 (141,500) 1,504 - - - - - Beginning Cash Balance 151,435 156,458 201,109 - - - - - Cash Reserve Cash Adjustments (44) 585 (59,609) - - - - - Ending Cash Balance 156,458 201,109 - - - - - - Cash Reserves Target 34,129 33,572 14,465 - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 10% of Annual expenditures In 2017, the inter-fund debt to Major Moves Fund 412 (debt schedule #64) was paid off. The remaining cash will be spent on additional projects or returned to St. Joseph County. Then the fund will be closed. This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the Douglas Road Development Area and expenses of those funds on eligible development projects for this TIF area. The Douglas Road TIF was established to develop the road and area near the border between South Bend and Mishawaka. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Interest rates are expected to rise over the next few years, increasing interest earnings revenue. Redevelopment Commission - 31 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresDOUGLAS ROAD TIF435-1050-460.31-02 ENGINEERING000 4,200000435-1050-460.31-06 OTHER PROFESSIONAL SVCS100116 140,450 140,450000435-1050-460.38-01 PRINCIPAL312,515 323,00600000435-1050-460.38-02 INTEREST28,673 12,60200000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES341,288 335,724 140,450 144,650000------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT341,288 335,724 140,450 144,650000------------ ------------ ------------ ------------ ------------ ------------ ------------*** DOUGLAS ROAD TIF341,288 335,724 140,450 144,650000Redevelopment Commission - 32 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueDOUGLAS ROAD TIF435-0000-311.00-00 GENERAL PROPERTY TAX345,262 379,25500000------------ ------------ ------------ ------------ ------------ ------------ ------------*345,262 379,25500000435-0000-361.00-00 INTEREST EARNINGS1,094534350 3,150 2,102 1,5040------------ ------------ ------------ ------------ ------------ ------------ ------------*1,094534350 3,150 2,102 1,5040------------ ------------ ------------ ------------ ------------ ------------ ------------** DOUGLAS ROAD TIF346,356 379,789350 3,150 2,102 1,5040------------ ------------ ------------ ------------ ------------ ------------ ------------*** DOUGLAS ROAD TIF346,356 379,789350 3,150 2,102 1,5040Redevelopment Commission - 33 City of South Bend, Indiana 2019 Budget Fund 436 - TIF - River East Residential (NE Res) Fund Type Tax Increment Financing 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 3,932,947 4,262,917 4,413,977 2,616,136 4,260,716 5,434,482 6,191,901 6,367,386 6,386,850 (153,261) -3% Local Income Taxes - - - - - - - - - - - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees 210,999 - - - - - - - - - - Interest Earnings 1,666 (4,943) 9,250 5,385 14,000 14,000 14,000 14,000 14,000 4,750 51% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - 67 67 - - - - - (67) -100% Total Revenue 4,145,612 4,257,974 4,423,294 2,621,588 4,274,716 5,448,482 6,205,901 6,381,386 6,400,850 (148,578) -3% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services 1,100 1,331 76,697 - 9,047 26,047 24,797 13,797 11,297 (67,650) -88% Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal 2,097,272 1,871,080 376,417 186,241 392,522 409,383 427,037 445,523 464,882 16,105 4% Interest & Fees 1,270,906 1,294,673 117,914 60,423 102,306 85,445 67,791 49,305 29,946 (15,608) -13% Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - 3,748,972 1,862,972 3,771,125 3,864,125 4,180,375 4,396,375 4,403,875 22,153 1% Total Services & Charges 3,369,278 3,167,084 4,320,000 2,109,636 4,275,000 4,385,000 4,700,000 4,905,000 4,910,000 (45,000) -1% Capital - - - - - - - - - - - Total Expenditures 3,369,278 3,167,084 4,320,000 2,109,636 4,275,000 4,385,000 4,700,000 4,905,000 4,910,000 (45,000) -1% Net Surplus / (Deficit) 776,334 1,090,890 103,294 511,952 (284) 1,063,482 1,505,901 1,476,386 1,490,850 Beginning Cash Balance 1,617,553 2,392,145 3,492,629 3,596,207 3,595,923 4,659,405 6,165,306 7,641,692 Cash Reserve Cash Adjustments (1,742) 9,593 284 - - - - - Ending Cash Balance 2,392,145 3,492,629 3,596,207 3,595,923 4,659,405 6,165,306 7,641,692 9,132,542 Cash Reserves Target 842,320 791,771 1,080,000 1,068,750 1,096,250 1,175,000 1,226,250 1,227,500 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 25% of Annual expenditures At the end of 2017, Eddy Street Commons Phase II Bonds were issued to help fund the second phase of the mixed-use development area just south of the University of Notre Dame's campus. Capital expenditures related to the project are tracked in Fund 759. The budgeted transfers out relate to debt service which needs to be funneled to Trustee Fund which will pay the actual debt. This fund accounts for the collection of Tax Increment Financing (TIF) revenues for the River East Residential Development Area and expenses of those funds on eligible development projects for this TIF area. The boundaries for this TIF district were changed as part of the TIF re-alignment during 2015. The fund was formerly known as the Northeast Residential TIF. Financing is provided by property tax proceeds in excess of those attributable to the assessed value of the property in the district before redevelopment. This fund receives revenue from interest earned on the fund's cash balance. Interest rates are expected to rise over the next few years, increasing interest earnings revenue. Redevelopment Commission - 34 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresRIVER EAST RES TIF(NE RE)436-1050-460.31-06 OTHER PROFESSIONAL SVCS1,100 1,331 10,724 76,69700 9,047436-1050-460.37-11 CAPITAL LEASE PRINCIPAL 1,375,000 1,315,000 1,360,0000000436-1050-460.37-12 CAPITAL LEASE INTEREST 1,099,000 1,156,000 1,110,5000000436-1050-460.38-01 PRINCIPAL722,272 556,080 401,387 376,417 376,417 186,241 392,522LEVEL TEXTTEXT AMTBUDG DS-084 2011/2013 MAJOR MOVES/TRIANGLE DEV 2/15/1949,064DS-084 2011/2013 MAJOR MOVES/TRIANGLE DEV 8/15/1949,555DS-085 2011/2013 INTERFUND LOAN 412 TO 436 2/15/19 145,137DS-085 2011/2013 INTERFUND LOAN 412 TO 436 8/15/19 148,766392,522436-1050-460.38-02 INTEREST170,906 137,173 1,436,389 116,914 116,911 60,423 100,806LEVEL TEXTTEXT AMTBUDG DS-084 2011/2013 MAJOR MOVES/TRIANGLE DEV 2/15/1911,382DS-084 2011/2013 MAJOR MOVES/TRIANGLE DEV 8/15/1910,891DS-085 2011/2013 INTERFUND LOAN 412 TO 436 2/15/1941,081DS-085 2011/2013 INTERFUND LOAN 412 TO 436 8/15/1937,452100,806436-1050-460.38-03 PAYING AGENT FEES1,000 1,500 1,000 1,00000 1,500------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES3,369,278 3,167,084 4,320,000 571,028 493,328 246,664 503,875436-1050-460.50-02 INTERFUND TRANSFER OUT000 3,748,972 1,862,972 1,862,972 3,771,125LEVEL TEXTTEXT AMTBUDG FOR DEBT SERVICE PAYMENTS2019 TRANSFER TO 752-0000-392.00-002,473,000DS-054 2015/2008 EDDY ST REFUNDING BONDS2019 TRANSFER TO 760-1001-392.00-001,298,125DS-163 2017 EDDY ST PHASE II BONDS3,771,125------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES000 3,748,972 1,862,972 1,862,972 3,771,125------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT3,369,278 3,167,084 4,320,000 4,320,000 2,356,300 2,109,636 4,275,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** RIVER EAST RES TIF(NE RE)3,369,278 3,167,084 4,320,000 4,320,000 2,356,300 2,109,636 4,275,000 Redevelopment Commission - 35 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueRIVER EAST RES TIF(NE RE)436-0000-311.00-00 GENERAL PROPERTY TAX 3,932,947 4,262,917 4,400,000 4,413,977 2,616,136 2,616,136 4,260,716------------ ------------ ------------ ------------ ------------ ------------ ------------*3,932,947 4,262,917 4,400,000 4,413,977 2,616,136 2,616,136 4,260,716436-0000-351.50-00 DEVELOPMENT DELAY FEE210,999000000------------ ------------ ------------ ------------ ------------ ------------ ------------*210,999000000436-0000-361.00-00 INTEREST EARNINGS1,666 4,943- 2,500 9,250 5,385 5,385 14,000------------ ------------ ------------ ------------ ------------ ------------ ------------*1,666 4,943- 2,500 9,250 5,385 5,385 14,000436-0000-392.00-00 INTERFUND TRANSFER IN0006767670------------ ------------ ------------ ------------ ------------ ------------ ------------*0006767670------------ ------------ ------------ ------------ ------------ ------------ ------------** RIVER EAST RES TIF(NE RE)4,145,612 4,257,974 4,402,500 4,423,294 2,621,588 2,621,588 4,274,716------------ ------------ ------------ ------------ ------------ ------------ ------------*** RIVER EAST RES TIF(NE RE)4,145,612 4,257,974 4,402,500 4,423,294 2,621,588 2,621,588 4,274,716 Redevelopment Commission - 36 City of South Bend, Indiana 2019 Budget Fund 433 - Redevelopment General 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 - - - - 70,356 70,356 70,356 70,356 70,356 70,356 - Other Taxes - - - - - - - - - - - Grants/Intergovernmental - - - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 80 71 135 60 1,000 1,000 1,000 1,000 1,000 865 641% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 - Transfers In - - 28,126 - - - - - - (28,126) -100% Total Revenue 80 71 28,261 60 1,071,356 1,071,356 1,071,356 1,071,356 1,071,356 1,043,095 3691% Expenditures by Type Personnel Salaries & Wages - - - - - - - - - - - Fringe Benefits - - - - - - - - - - - Total Personnel - - - - - - - - - - - Supplies - - - - - - - - - - - Services & Charges Professional Services 329 1,133 4,500 561 4,500 - - - - - 0% Printing & Advertising - - - - - - - - - - - Utilities - - - - - - - - - - - Education & Training - - - - - - - - - - - Travel - - - - - - - - - - - Repairs & Maintenance - - - - - - - - - - - Other Interfund Allocations - - - - - - - - - - - Debt Service Principal - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - 1,069,500 1,000,000 1,000,000 1,000,000 1,000,000 1,069,500 - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges 329 1,133 4,500 561 1,074,000 1,000,000 1,000,000 1,000,000 1,000,000 1,069,500 23767% Capital - - - - - - - - - - - Total Expenditures 329 1,133 4,500 561 1,074,000 1,000,000 1,000,000 1,000,000 1,000,000 1,069,500 23767% Net Surplus / (Deficit) (249) (1,062) 23,761 (501) (2,644) 71,356 71,356 71,356 71,356 Beginning Cash Balance 8,689 8,438 7,403 1,031,164 1,028,520 1,099,876 1,171,232 1,242,588 Cash Reserve Cash Adjustments (2) 27 1,000,000 - - - - - Ending Cash Balance 8,438 7,403 1,031,164 1,028,520 1,099,876 1,171,232 1,242,588 1,313,944 Cash Reserves Target 82 283 1,125 268,500 250,000 250,000 250,000 250,000 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 25% of Annual expenditures This fund's sole expenditure is for general legal fees for the Redevelopment Commission. Beginning in 2018, will receive Payment in Lieu of Taxes from Pokagon Band of Potowatomi Native American Tirbe from running of the Four Winds Casino in South Bend. The Redevelopment Commission was established to address conditions associated with blight and the underutilization of land and/or barriers to development. The Commission operates within the city limits. They study areas of the city, identify problem areas and develop a strategic plan for eliminating blight and bringing about new development within those areas. A primary focus is on the expansion of tax base and the creation of new jobs within South Bend. There are five voting members of the South Bend Redevelopment Commission. Three are appointed by the Mayor; two are appointed by the South Bend Common Council. In addition, one member of the South Bend Community School Corporation Board of School Trustees is appointed by the Mayor as a non-voting adviser to the Commission. As outlined in agreement with Pokagon Band, funds to be used for poverty, educational and economic development issues. This fund receives revenue from interest earned on the fund's cash balance. In 2019, this fund will receive the South Bend Redevelopment Commission's portion of the Local Income Tax (LIT) distribution from the State. Redevelopment Commission - 37 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresREDEVELOPMENT GENERAL433-1050-460.31-01 LEGAL SERVICES0 1,133 4,500 4,500 1,894561 4,500433-1050-460.31-06 OTHER PROFESSIONAL SVCS329000000433-1050-460.39-30 GRANTS AND SUBSIDIES000000 1,069,500LEVEL TEXTTEXT AMTBUDG OPIOD EPIDEMIC SERVICES74,500EARLY CHILDHOOD EDUCATION (CAPACITY BLDG MEASURES) 100,000HOUSING FINANCING GAPS80,000YOUTH BUILD MATCH250,000CDFI START UP75,000WORKFORCE TRANSPORTATION BARRIERS PILOT135,000LIFELONG LEARNING150,000MICROLOAN PROGRAM100,000EVICTION LEGAL DEFENSE FUND SUPPORT PILOT5,000RESIDENT LEGAL ASSISTANCE PROGRAM70,000VARIOUS PROGRAMS30,0001,069,500------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES329 1,133 4,500 4,500 1,894561 1,074,000------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT329 1,133 4,500 4,500 1,894561 1,074,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** REDEVELOPMENT GENERAL329 1,133 4,500 4,500 1,894561 1,074,000 Redevelopment Commission - 38 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueREDEVELOPMENT GENERAL433-0000-316.00-00 COUNTY OPTION INC. TAX000000 70,356LEVEL TEXTTEXT AMTBUDG SOUTH BEND REDEVELOPMENT COMMISSION70,356LOCAL INCOME TAX DISTRIBUTION PAID BY STATEPER 8-10-18 ESTIMATE FROM DLGF70,356------------ ------------ ------------ ------------ ------------ ------------ ------------*00000070,356433-0000-360.00-00 MISCELLANEOUS REVENUE000000 1,000,000LEVEL TEXTTEXT AMTBUDG ESTIMATED RECEIPTS FROM POKAGON BAND DUE IN SEPT. 1,000,0001,000,000------------ ------------ ------------ ------------ ------------ ------------ ------------*000000 1,000,000433-0000-361.00-00 INTEREST EARNINGS807113513512960 1,000------------ ------------ ------------ ------------ ------------ ------------ ------------*807113513512960 1,000433-0000-392.00-00 INTERFUND TRANSFER IN000 28,126 28,12600------------ ------------ ------------ ------------ ------------ ------------ ------------*000 28,126 28,12600------------ ------------ ------------ ------------ ------------ ------------ ------------** REDEVELOPMENT GENERAL8071135 28,261 28,25560 1,071,356------------ ------------ ------------ ------------ ------------ ------------ ------------*** REDEVELOPMENT GENERAL8071135 28,261 28,25560 1,071,356 Redevelopment Commission - 39 City of South Bend, Indiana 2019 Budget Fund 439 - Certified Technology Park 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 - 252,625 - - - - - - - - - Licenses & Permits - - - - - - - - - - - Charges for Services - - - - - - - - - - - Fines, Forfeitures, and Fees - - - - - - - - - - - Interest Earnings 20,029 10,018 10,000 4,939 8,487 - - - - (1,513) -15% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 20,029 262,643 10,000 4,939 8,487 - - - - (1,513) -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 - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges - - - - - - - - - - - Capital Land - - - - - - - - - - - Land Improvements - 1,800,000 - - 625,000 - - - - 625,000 - Bldgs & Bldg Improve.- - - - - - - - - - - Motor Equipment - - - - - - - - - - - Machinery & Equipment 142,913 - - - - - - - - - - Infrastructure - - - - - - - - - - - Total Capital 142,913 1,800,000 - - 625,000 - - - - 625,000 - Total Expenditures 142,913 1,800,000 - - 625,000 - - - - 625,000 - Net Surplus / (Deficit)(122,884) (1,537,357) 10,000 4,939 (616,513) - - - - Beginning Cash Balance 2,269,848 2,146,647 614,013 624,013 7,500 7,500 7,500 7,500 Cash Reserve Cash Adjustments (317) 4,723 - - - - - - Ending Cash Balance 2,146,647 614,013 624,013 7,500 7,500 7,500 7,500 7,500 Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement This fund is used to account for the collection of a special state tax distribution and the expenses for improvements at Innovation Park and Ignition Park, the city's two certified technology parks. Funding can be used in Ingition Park to continue build out and infrastructure of that industrial park in the City of South Bend. This fund receives a special state tax distribution. Redevelopment Commission - 40 City of South Bend, Indiana2019 BudgetFund 439 - Certified Technology ParkFive-Year Capital Improvement PlanFunding 2019ForecastNameSource Budget 2020202120222023TotalJustificationReplacement Capital- - - - - - - - - - - - - Total Replacement Capital- - - - - - Project CapitalVarious projectscash625,000 625,000 Continued projects as approved by the Redevelopment Commission.- - - - - - - - - - - Total Project Capital625,000 - - - - 625,000 Minimum Thresholds:Total Capital625,000 - - - - 625,000 Equipment $10,000 | Buildings $100,000Explain Significant Spending on Capital Projects Below:Redevelopment Commission - 41 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresCERTIFIED TECHNOLOGY PARK439-1001-460.42-01 LAND IMPROVEMENTS0 1,800,00000000439-1001-460.42-07 EQUIPMENT142,913000000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL142,913 1,800,00000000------------ ------------ ------------ ------------ ------------ ------------ ------------** NEIGHBORHOOD ENGAGEMENT142,913 1,800,00000000Redevelopment Commission - 42 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual Expenditures439-1050-460.42-01 LAND IMPROVEMENTS000000 625,000------------ ------------ ------------ ------------ ------------ ------------ ------------* CAPITAL000000 625,000------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT000000 625,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** CERTIFIED TECHNOLOGY PARK142,913 1,800,0000000 625,000 Redevelopment Commission - 43 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueCERTIFIED TECHNOLOGY PARK439-0000-334.13-02 IDGF0 252,62500000------------ ------------ ------------ ------------ ------------ ------------ ------------*0 252,62500000439-0000-361.00-00 INTEREST EARNINGS20,029 10,018 2,500 10,000 6,766 4,939 8,487------------ ------------ ------------ ------------ ------------ ------------ ------------*20,029 10,018 2,500 10,000 6,766 4,939 8,487------------ ------------ ------------ ------------ ------------ ------------ ------------** CERTIFIED TECHNOLOGY PARK20,029 262,643 2,500 10,000 6,766 4,939 8,487------------ ------------ ------------ ------------ ------------ ------------ ------------*** CERTIFIED TECHNOLOGY PARK20,029 262,643 2,500 10,000 6,766 4,939 8,487 Redevelopment Commission - 44 City of South Bend, Indiana 2019 Budget Fund 454 - Airport Urban Enterprise Zone 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 3,474 3,532 3,900 3,115 6,000 6,000 6,000 6,000 6,000 2,100 54% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 3,474 3,532 3,900 3,115 6,000 6,000 6,000 6,000 6,000 2,100 54% 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 - - 50,000 - 50,000 50,000 50,000 50,000 50,000 - 0% Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out - - - - - - - - - - - Total Services & Charges - - 50,000 - 50,000 50,000 50,000 50,000 50,000 - 0% Capital - - - - - - - - - - - Total Expenditures - - 50,000 - 50,000 50,000 50,000 50,000 50,000 - 0% Net Surplus / (Deficit)3,474 3,532 (46,100) 3,115 (44,000) (44,000) (44,000) (44,000) (44,000) Beginning Cash Balance 379,043 382,423 387,224 341,124 297,124 253,124 209,124 165,124 Cash Reserve Cash Adjustments (95) 1,270 - - - - - - Ending Cash Balance 382,423 387,224 341,124 297,124 253,124 209,124 165,124 121,124 Cash Reserves Target - - - - - - - - Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: No reserve requirement This fund was originally established to account for expenditures for improvements in the Zone area, financed by property taxes on qualifying properties in the Zone. In the past, majority of revenue came from personal property taxes paid by AJ Wright. This fund has not received property tax revenue since 2013. This fund has been used in the past to pay for job training programs. Currently, this fund only receives revenue from interest earned on the fund's cash balance. Redevelopment Commission - 45 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresAIRPORT URBAN ENT. ZONE454-1050-460.39-30 GRANTS AND SUBSIDIES00 50,000 50,00000 50,000LEVEL TEXTTEXT AMTBUDG URBAN ENTERPRISE AREA JOB TRAINING50,00050,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER SERVICES & CHARGES00 50,000 50,00000 50,000------------ ------------ ------------ ------------ ------------ ------------ ------------** COMMUNITY INVESTMENT00 50,000 50,00000 50,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** AIRPORT URBAN ENT. ZONE00 50,000 50,00000 50,000 Redevelopment Commission - 46 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueAIRPORT URBAN ENT. ZONE454-0000-361.00-00 INTEREST EARNINGS3,474 3,532 3,900 3,900 4,267 3,115 6,000------------ ------------ ------------ ------------ ------------ ------------ ------------*3,474 3,532 3,900 3,900 4,267 3,115 6,000------------ ------------ ------------ ------------ ------------ ------------ ------------** AIRPORT URBAN ENT. ZONE3,474 3,532 3,900 3,900 4,267 3,115 6,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** AIRPORT URBAN ENT. ZONE3,474 3,532 3,900 3,900 4,267 3,115 6,000 Redevelopment Commission - 47 City of South Bend, Indiana 2019 Budget Fund 315 - Airport 2003 Debt 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 9,471 9,536 14,000 8,352 14,000 14,000 14,000 14,000 14,000 - 0% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 9,471 9,536 14,000 8,352 14,000 14,000 14,000 14,000 14,000 - 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 - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out 8,312 9,390 14,000 6,748 14,000 14,000 14,000 14,000 14,000 - 0% Total Services & Charges 8,312 9,390 14,000 6,748 14,000 14,000 14,000 14,000 14,000 - 0% Capital - - - - - - - - - - - Total Expenditures 8,312 9,390 14,000 6,748 14,000 14,000 14,000 14,000 14,000 - 0% Net Surplus / (Deficit) 1,159 146 - 1,604 - - - - - Beginning Cash Balance 1,035,975 1,036,888 1,040,462 1,040,462 1,040,462 1,040,462 1,040,462 1,040,462 Cash Reserve Cash Adjustments (245) 3,428 - - - - - - Ending Cash Balance 1,036,888 1,040,462 1,040,462 1,040,462 1,040,462 1,040,462 1,040,462 1,040,462 Cash Reserves Target 1,036,888 1,040,462 1,040,462 1,040,462 1,040,462 1,040,462 1,040,462 1,040,462 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 100% debt service reserve per bond covenants This is a debt service fund which exists only to satisfy debt service reserve requirements of the outstanding 2011 Airport Development Area TIF Redevelopment Authority bonds (debt schedule 6; due to pay off 8/1/2024) for the airport taxable project. The only activity is interest income which is promptly transferred out to the corresponding TIF fund (River West - 324). Any variance in the trend of interest income will be due to changes in prevailing interest rates. Redevelopment Commission - 48 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresAIRPORT 2003 DEBT RES.315-1002-460.50-02 INTERFUND TRANSFER OUT8,312 9,390 14,000 14,000 9,825 6,748 14,000LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER TO 324-0000-392.00-0014,000INTEREST EARNINGS TRANSFERRED TO FUND 32414,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES8,312 9,390 14,000 14,000 9,825 6,748 14,000------------ ------------ ------------ ------------ ------------ ------------ ------------** ECONOMIC RESOURCES8,312 9,390 14,000 14,000 9,825 6,748 14,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** AIRPORT 2003 DEBT RES.8,312 9,390 14,000 14,000 9,825 6,748 14,000 Redevelopment Commission - 49 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueAIRPORT 2003 DEBT RES.315-0000-361.00-00 INTEREST EARNINGS9,471 9,536 14,000 14,000 11,429 8,352 14,000------------ ------------ ------------ ------------ ------------ ------------ ------------*9,471 9,536 14,000 14,000 11,429 8,352 14,000------------ ------------ ------------ ------------ ------------ ------------ ------------** AIRPORT 2003 DEBT RES.9,471 9,536 14,000 14,000 11,429 8,352 14,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** AIRPORT 2003 DEBT RES.9,471 9,536 14,000 14,000 11,429 8,352 14,000 Redevelopment Commission - 50 City of South Bend, Indiana 2019 Budget Fund 328 - SBCDA 2003 Debt 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 15,824 15,946 20,000 13,964 20,000 20,000 20,000 20,000 20,000 - 0% Bond Proceeds - - - - - - - - - - - Donations - - - - - - - - - - - Other Income - - - - - - - - - - - Transfers In - - - - - - - - - - - Total Revenue 15,824 15,946 20,000 13,964 20,000 20,000 20,000 20,000 20,000 - 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 - - - - - - - - - - - Interest & Fees - - - - - - - - - - - Grants & Subsidies - - - - - - - - - - - Insurance - - - - - - - - - - - Other Services & Charges - - - - - - - - - - - Transfers Out 13,888 14,653 20,000 11,281 20,000 20,000 20,000 20,000 20,000 - 0% Total Services & Charges 13,888 14,653 20,000 11,281 20,000 20,000 20,000 20,000 20,000 - 0% Capital - - - - - - - - - - - Total Expenditures 13,888 14,653 20,000 11,281 20,000 20,000 20,000 20,000 20,000 - 0% Net Surplus / (Deficit) 1,936 1,293 - 2,682 - - - - - Beginning Cash Balance 1,730,946 1,732,472 1,739,495 1,739,495 1,739,495 1,739,495 1,739,495 1,739,495 Cash Reserve Cash Adjustments (409) 5,730 - - - - - - Ending Cash Balance 1,732,472 1,739,495 1,739,495 1,739,495 1,739,495 1,739,495 1,739,495 1,739,495 Cash Reserves Target 1,732,472 1,739,495 1,739,495 1,739,495 1,739,495 1,739,495 1,739,495 1,739,495 Fund Purpose: Explanation of Revenue Sources: Explanation of Expenditures and Significant Changes/Variances: 100% debt service reserve per bond covenants This is a debt service fund which exists only to satisfy debt service reserve requirements of the outstanding 2011 South Bend Downtown Central Development Area TIF Redevelopment Authority bonds (debt schedule 5; due to pay off 8/1/2024) for the Palais Royale project. The only activity is interest income which is promptly transferred out to the corresponding TIF fund (324 - River West). Any variance in the trend of interest income will be due to changes in prevailing interest rates. Redevelopment Commission - 51 CITY OF SOUTH BENDEXPENDITURES2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD ProposedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual ExpendituresSBCDA 2003 DEBT RES.328-1002-460.50-02 INTERFUND TRANSFER OUT13,888 14,653 20,000 20,000 16,426 11,281 20,000LEVEL TEXTTEXT AMTBUDG 2019 TRANSFER TO 324-0000-392.00-0020,000INTEREST EARNINGS TRANSFERRED TO FUND 32420,000------------ ------------ ------------ ------------ ------------ ------------ ------------* OTHER USES13,888 14,653 20,000 20,000 16,426 11,281 20,000------------ ------------ ------------ ------------ ------------ ------------ ------------** ECONOMIC RESOURCES13,888 14,653 20,000 20,000 16,426 11,281 20,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** SBCDA 2003 DEBT RES.13,888 14,653 20,000 20,000 16,426 11,281 20,000 Redevelopment Commission - 52 CITY OF SOUTH BENDREVENUE2019 BUDGET201820182018 6/30/18 201920162017 Original Amended YTD YTD EstimatedACCOUNT NUMBER ACCOUNT DESCRIPTIONActual Actual Budget Budget Actual Actual RevenueSBCDA 2003 DEBT RES.328-0000-361.00-00 INTEREST EARNINGS15,824 15,946 20,000 20,000 19,108 13,964 20,000------------ ------------ ------------ ------------ ------------ ------------ ------------*15,824 15,946 20,000 20,000 19,108 13,964 20,000------------ ------------ ------------ ------------ ------------ ------------ ------------** SBCDA 2003 DEBT RES.15,824 15,946 20,000 20,000 19,108 13,964 20,000------------ ------------ ------------ ------------ ------------ ------------ ------------*** SBCDA 2003 DEBT RES.15,824 15,946 20,000 20,000 19,108 13,964 20,000 Redevelopment Commission - 53