HomeMy WebLinkAbout6A (12)(13)A-
Fund 425
Redevelopment Retail
Building Operations Budget
for Calendar Year 2012
Revised
2012 2011 % 2011 2010
Proposal Buda et Change Chang Actual Actual
Cash in City Accounts 77,915 $132,623 132,623 $132,137
Accounts Receivable - City Accounts 0
Accounts Receivable - Wayne St. Retail 0
Cash with Fiscal Agent 7 562 16 622 16 622 30677
Total Cash @ 111 85,477 149,245 149,245 162,814
Due from Other Funds
0
0
0
0.00%
0
0
Interest Income (City Cash)
500
500
0
0.00 %
332
485
Total Revenue on City Cash
500
500
0
0.00%
332
485
Retail
Gross Potential Rent
68,963
66,435
2,528
3.81%
67,873
87,847
Miscellaneous Income
6,720
10,482
(3,762)
- 35.89%
13,094
11,766
CAM Income
19,793
15,960
3,833
24.02%
17,282
31,468
Late fees
0
0
0
0.00%
51
549
Interest Income
0
2
0
-100.00%
2
3
Sub -total Revenue
95,476
92,879
2,597
2.80%
98,302
131,633
Wayne Street
Gross Potential Rent
18,750
14,760
3,990
27.03%
14,461
14,894
CAM Income
8,532
0
8,532
0.00%
0
0
Miscellaneous Income
0
0
0
0.00%
0
0
Interest Income
0
0
0
0.00 %
0
0
Sub -total Revenue
27,282
14,760
12,522
0.00%
14,461
14,894
TOTAL REVENUE
123,258
108,139
15,119
13.98%
113,095
147,012
Retail
General Maint. - Materials
6,997
9,100
(2,103)
-23.11%
9,100
2,762
Appraisals
0
0
0
0.00%
0
0
Leasing Commissions
10,905
6,075
4,830
79.51 %
6,075
6,135
Electric
7,338
9,018
(1,680)
- 18.63%
9,007
2,556
Gas
0
1,350
(1,350)
- 100.00%
1,347
0
Trash Removal
4,452
4,446
6
0.13%
4,439
5,794
Water /Sewer
480
2,225
(1,745)
- 78.43%
2,225
461
Common Area Maint. - Grounds
9,668
19,715
(10,047)
-50.96%
19,715
20,447
Supervisor - Labor
6,480
8,640
(2,160)
- 25.00%
8,640
10,405
Repair Contract
0
873
(873)
- 100.00%
873
1,105
General Maint. - Labor
20,382
28,700
(8,318)
- 28.98%
28,700
21,939
Mileage
2,244
2,219
25
1.13%
2,219
1,039
Management Fee
7,500
8,000
(500)
-6.25%
7,999
8,061
Admin Expenses
3,031
5,267
(2,236)
42.45%
5,267
3,479
Misc. Charges (Real Estate Taxes)
16,994
16,994
0
0.00%
16,994
35,039
Capital - Buildings
0
4 300
4! .3001
0.00%
4 300
0
Sub -Total Expenses
96,471
126,922
(30,451)
- 23.99%
126,900
119,222
Leighton Plaza
Landscaping Materials
1,200
0
1,200
0.00%
0
0
Maintenance Supplies
1,000
200
800
400.00%
200
148
Grounds Supplies
135
0
135
0.00%
0
48
Common Area Maint.- Grounds
28,583
25,100
3,483
13.88%
25,100
28,141
Landscape Contract
0
55
(55)
-100.00%
55
29
Management Fee
900
900
0
0.00%
900
900
Admin Expenses
0
0
0
0.00 %
0
0
Property Management
0
0
0
0.00%
0
0
Other Exp
2 100
0
2 100
0.00%
0
0
Sub -Total Expenses
33,918
26,255
7,663
29.19%
26,255
29,266
Wayne Street
Management Fee
2,400
2,400
0
0.00 %
2,400
2,458
Lease Commissions
0
5,040
(5,040)
0.00%
5,040
0
Properly Management
5,400
2,000
3,400
0.00%
2,000
0
Misc. Serv. & Charges (Real Estate Taxes)
3 088
3 088
0
0.00%
269
9 636
Sub -Total Expenses
10,888
12,528
(1,640)
- 13.09%
9,709
12,094
Capt Imp- Bldg
0
14,000
0
0.00 %
14,000
0
Reserve Fund
0
0
0
0
0
0
TOTALEXPENSES
141,277
179,705
(24,428)
- 13.59%
176,864
160,582
Profit /(Loss)
(18,019)
(72,066)
39,547
- 54.88%
(64,101)
(14,055)
Cash Balance
$67,458
$77,679
$39,547
50.91%
$85,476
5149,245
F:\ DATA\ SHARE \ECONDEV\FPM \Budgets \Budget 2012 \RedeRetail 2012 bdgt.xlst /16/2012
RESOLUTION NO. 2985
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING
MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL PUBLIC
IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2012, AND ENDING
DECEMBER 31, 2012, INCLUDING ALL OUTSTANDING CLAIMS AND OBLIGATIONS,
FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT
WHEREAS, the South Bend Redevelopment Commission is the lessee of certain local public
improvements which, during calendar year 2012, realize revenues and incur expenses in connection with the
operation and maintenance of the same; and
WHEREAS, the South Bend Redevelopment Commission has determined it is necessary to appropriate
the revenues of certain public improvements in order to defray the expenses of those local public
improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. For the expenses of the South Bend Central Development Area Building Operations Budget Fund
425 (which currently includes Leighton Plaza Retail Space, Leighton Plaza Courtyard and Wayne Street
Garage Retail Space), for the fiscal year 2012, the sums of money, as set forth in the budget which is made a
part hereof, are hereby appropriated and ordered set apart out of the funds hereinafter named, and for the
purposes hereinafter specified, subject to the laws governing the same. The sums here appropriated shall be
deemed to include all expenditures authorized to be made in said year, unless otherwise expressly stipulated
or provided by law.
2. For the fiscal year ending December 31, 2012, the above referenced appropriations are made within
the South Bend Central Development Area Building Operations Budget Fund.
3. This resolution shall be in full force and effect from and after its adoption.
Adopted at the Regular Meeting of the South Bend Redevelopment Commission held Tuesday, January
24, 2012, at 4:00 p.m., 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana
46601
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
Redevelopment Retail
Operations Budget
For Calendar Year 2012
2012
Budget
Beginning Cash @ 1/1 Estimate 99,447
Carry Fwd Encumbrance (14,000)
Cash Remainder 85,477
Revenue:
Interest 500
Leighton Retail Revenue 95,476
Wayne Street Retail Revenue 27,282
Total Revenue 123,258
Operating Expenses:
Leighton Retail Space 96,471
Leighton Plaza 33,918
Wayne Street Retail 10,888
Total Operating Exp. 141,277
Net Operating Income (18,019)
Ending Cash @ End of Period 67,458