HomeMy WebLinkAbout2018-11 - Monthly Cash ReportPeriod Ending:
Issued by:
Page Number(s) Contents
2 Narrative
3 - 5 Controller's Cash Report
6 - 8 Cash Reserves Summary by Fund Status
9 - 10 Cash Trends - All Funds
11 Cash Trends - Enterprise Funds
12 Cash Trends - Redevelopment Funds
13 Cash Trends - Civil City Funds
Distribution
Mayor Pete Buttigieg
Chief of Staff Laura O'Sullivan
Deputy Chief of Staff Suzanna Fritzberg
Common Council
Department Heads
Fiscal Officers
November 30, 2018
Controller
City of South Bend
Monthly Cash Report
Monthly Cash Report 11-2018 1
November 2018 Highlights:
Questions
If you should have additional questions, please contact the Department of Administration & Finance by calling 311.
Narrative
Fiscal Responsibility
The City’s management team is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are
protected from loss, theft, or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity
with generally accepted accounting principles.
Controller's Cash Report (pages 3-5)
The Controller’s Cash Report is a monthly summary of cash and investment transactions within the current period by Fund. It summarizes the cash received,
interest earned, cash disbursed, and cash transferred between Funds within the City of South Bend as well as any loans between Funds. The report provides a
month-end view of the City’s cash balance in the reporting period.
Cash Reserves Summary (pages 6-8)
The purpose of the Cash Reserves Summary Report is keep track of whether the City's funds are meeting their cash reserve requirement. Cash reserve
requirements are set for each fund by the City of South Bend or other governing body (e.g. bond counsel, Century Center Board of Managers).
Cash Trends Summary (pages 9-13)
The purpose of the Cash Trends Summary is to track trends in cash balances for the City of South Bend over an extended period of time, from January 1, 2007
through the present date. Charts and graphs for the cash balances are provided in four areas--total cash, enterprise fund cash, redevelopment fund cash, and
civil city fund cash.
Cash Reserve Requirements
Cash reserve requirements are typically based on fund type.
- Most City funds are assigned a cash reserve requirement of a percentage of the fund's annual expenditures.
- The Rainy Day Fund 102 has a reserve requirement of 3% of the City's prior year expenditures.
- Some funds have a set dollar amount as the reserve requirement, such as the Police Take Home Vehicle Fund 278 and the Century Center Capital Fund 671.
- Capital project funds, grant funds, and bond capital funds do not have reserve requirements as they are spent down to zero.
- The IT/Innovation/311 Call Center Fund 279 does not have a reserve requirement because it is an internal service fund, reimbursed by departments within
other City funds. Its budgeted revenues are equal to its budgeted expenditures.
- Debt service reserve funds are required to hold all reserves until the respective debt has been paid in full. The amount is often defined in bond covenants.
Pooled Cash
The City utilities pooled cash, the majority of the City's money being held in a single bank account. Although the money is in a single account, each fund retains
ownership of its own cash. Any interest earned on the bank account is distributed amongst the funds based on each funds' cash balance.
Trustee Cash
The City also has cash maintained by trustee financial institutions and expended upon the provision by the City of a proper claim form and invoice. These funds
are typically for debt service payments, debt service reserves, or capital project expenditures.
Changes in Cash Balance
Property taxes are received in June and December of each year and this will cause the cash balances to fluctuate for total cash, redevelopment fund cash and
civil city fund cash. Enterprise fund cash balances will fluctuate based on the receipt of bond proceeds and the spending down of cash on capital projects.
Redevelopment fund cash accounts will vary based on capital spending on projects in tax increment financing (TIF) funds.
Negative Cash Balances
Due to the timing of revenue and expenditures, certain funds will not meet cash reserve requirements and may even have a negative cash balance at different
times throughout the year. Although a fund has a negative cash balance, the City does not have negative cash overall. Pooled cash can cover those funds so
necessary expenditures can be made even if revenues have not been received yet.
Parks & Recreation Fund 201: The City received another disbursement from the Regional Cities Grant in the amount of $287,393.
Fund 312, 313, and 377 have negative cash balances.
- The 2017 Parks Bond Debt Service Fund 312 receives property tax revenue in June and December, but still has to make a debt payments in January and
July. When property tax revenue is received in December, this fund won't be negative.
- The Hall of Fame Debt Service Fund 313 receives property tax revenue in June and December, but still had to make the final debt payment for the Hall of
Fame Bonds in January. When property tax revenue is received in December, this fund won't be negative.
- The Professional Sports Development Area Fund 377 hasn't received its PSDA revenue yet, but still had to make debt payments in January and July.
Monthly Cash Report 11-2018 2
City of South BendController's Cash ReportOpening Interest Transfers Transfers Ending Total Cash & Interfund LoansFund Fund Name Cash Balance Receipts Disbursements Earned In Out Cash Balance Investments Investments (Borrowing)City Controlled FundsGeneral Fund101 GENERAL FUND 27,444,571.33 1,407,263.82 6,080,433.24 11,917.10 0.00 0.00 22,783,319.01 0.0022,783,319.01426,398.66Special Revenue Funds102 RAINY DAY FUND 10,421,477.02 0.00 0.00 20,968.26 0.00 0.00 10,442,445.28 0.0010,442,445.280.00201 PARKS & RECREATION 4,183,306.78 410,954.35 1,121,381.17 9,223.14 0.00 0.00 3,482,103.10 0.003,482,103.100.00202 MOTOR VEHICLE HIGHWAY 7,862,482.67 542,262.57 901,071.77 17,488.43 0.00 0.00 7,521,161.90 0.007,521,161.900.00203 RECREATION - NONREVERTING 836,803.43 60,823.19 73,363.85 1,714.00 0.00 0.00 825,976.77 0.00825,976.770.00209 STUDEBAKER/OLIVER REVERTING GRANTS 943,707.89 0.00 11,890.25 1,906.51 0.00 0.00 933,724.15 0.00933,724.15200,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 362,182.94 0.00 0.00 728.71 0.00 0.00 362,911.65 0.00362,911.650.00211 DCI OPERATING FUND 584,611.57 118,831.88 278,703.42 1,336.90 0.000.00 426,076.93 0.00426,076.930.00212 DEPARTMENT OF COMMUNITY INVESTMENT 435,032.83 414,822.39 324,651.86 154.16 0.00 0.00 525,357.52 0.00525,357.520.00216 POLICE STATE SEIZURES 226,958.35 0.00 0.00 456.87 0.00 0.00 227,415.22 0.00227,415.220.00217 GIFT, DONATION, BEQUEST 182,083.74 2,378.35 1,648.26 294.92 0.00 0.00 183,108.75 0.00183,108.750.00218 POLICE CURFEW VIOLATIONS 13,054.30 0.00 0.00 26.70 0.00 0.00 13,081.00 0.0013,081.000.00219 UNSAFE BUILDING 466,379.46 15,959.79 59,866.86 1,007.11 0.00 0.00 423,479.50 0.00423,479.500.00220 LAW ENFORCEMENT CONTINUING EDUCATION 518,695.18 15,335.54 44,181.98 1,085.37 0.00 0.00 490,934.11 0.00490,934.110.00221 LANDLORD REGISTRATION 10,087.91 0.00 0.00 20.29 0.00 0.00 10,108.200.0010,108.200.00227 LOSS RECOVERY FUND 681,773.71 0.00 12,583.25 1,391.17 0.00 0.00 670,581.63 0.00670,581.630.00249 PUBLIC SAFETY L.O.I.T. 1,939,036.35 635,794.92 694,793.86 3,707.47 0.00 0.00 1,883,744.88 0.001,883,744.880.00251 LOCAL ROADS & STREETS 4,025,936.26 161,579.26 58,992.26 7,907.770.00 0.00 4,136,431.03 0.004,136,431.030.00257 LOIT 2016 SPECIAL DISTRIBUTION 783,271.26 131,047.65 20,984.06 1,913.87 0.00 0.00 895,248.72 0.00895,248.720.00258 HUMAN RIGHTS - FEDERAL GRANT 527,761.46 25,430.00 83,823.35 915.12 0.00 0.00 470,283.23 69,782.00540,065.230.00265 LOCAL ROAD & BRIDGE GRANT 535,802.78 0.00 950.00 1,137.95 0.00 0.00 535,990.73 0.00535,990.730.00273 MORRIS PAC/PALAIS ROYALE MARKETING 60,345.32 1,020.00 7,000.00 120.91 0.00 0.00 54,486.23 0.0054,486.230.00274 MORRIS PAC SELF-PROMOTION 76,321.88 8,156.00 0.00 143.67 0.00 0.0084,621.55 0.0084,621.550.00280 POLICE BLOCK GRANTS 3,975.83 0.00 0.00 7.99 0.00 0.00 3,983.82 0.003,983.820.00281 DEPT. COMMUNITY INVESTMENT - REV BONDS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.000.00289 HAZMAT 18,998.73 0.00 0.00 45.64 0.00 0.00 19,044.37 0.0019,044.370.00291 INDIANA RIVER RESCUE 174,569.44 4,470.00 3,345.02 350.84 0.00 0.00176,045.26 0.00176,045.260.00292 POLICE GRANTS 26,715.50 0.00 0.00 0.00 0.00 0.00 26,715.50 0.0026,715.500.00294 REGIONAL POLICE ACADEMY 99,270.51 25.00 909.90 199.69 0.00 0.00 98,585.30 0.0098,585.300.00295 COPS MORE GRANT 114,684.72 76,528.00 15,709.00 230.44 0.00 0.00 175,734.16 0.00175,734.160.00299 POLICE FEDERAL DRUG ENFORCEMENT 123,609.58 0.00 0.00 293.48 0.00 0.00 123,903.06 0.00123,903.060.00404 COUNTY OPTION INCOME TAX 12,227,959.34 909,137.75 768,856.41 23,846.07 0.00 0.00 12,392,086.75 0.0012,392,086.75867,317.80408 ECONOMIC DEVELOPMENT INCOME TAX 16,069,568.27 893,413.25 501,602.14 32,118.20 0.00 0.00 16,493,497.58 0.0016,493,497.580.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 19,319.66 9,377.00 0.00 239.62 0.00 0.00 28,936.28 0.0028,936.28(867,317.80)655 PROJECT RELEAF 710,840.57 33,595.51 30,027.06 1,439.47 0.00 0.00 715,848.49 0.00715,848.490.00705 POLICE K-9 UNIT 2,924.82 0.00 600.92 5.88 0.00 0.00 2,329.78 0.002,329.780.00Total Special Revenue Funds65,269,550.06 4,470,942.40 5,016,936.65 132,426.62 0.00 0.00 64,855,982.43 69,782.0064,925,764.43200,000.00 Debt Service Fund312 2017 PARKS BOND DEBT SERVICE(187,997.71)0.00 0.00 0.00 0.00 0.00(187,997.71)0.00(187,997.71)0.00313 HALL OF FAME DEBT SERVICE (109,687.50)0.00 0.00 0.00 0.00 0.00(109,687.50)0.00(109,687.50)0.00755 SB BUILDING CORPORATION 790,494.36 0.00 1,250.00 884.70 0.00 0.00 790,129.06 0.00790,129.060.00757 2015 PARKS BOND DEBT SERVICE 495,575.87 0.00 0.00 201.14 0.00 0.00495,777.01 0.00495,777.010.00760 EDDY ST. COMMONS DEBT SERVICE 2,506,032.92 0.00 0.00 617.90 0.00 0.00 2,506,650.82 0.002,506,650.820.00Capital Project Funds377 PROFESSIONAL SPORTS DEVELOPMENT(783,696.36)0.00 0.00 0.00 0.00 0.00(783,696.36)0.00(783,696.36)0.00401 COVELESKI STADIUM CAPITAL 84,369.67 0.00 10,000.00 139.55 0.00 0.00 74,509.22 0.0074,509.220.00405 PARK NONREVERTING CAPITAL 127,476.88 0.00 1,124.16 135.46 0.00 0.00 126,488.18 0.00126,488.180.00406 CUMULATIVE CAPITAL DEVELOPMENT 418,940.70 0.00 107,726.41 863.77 0.00 0.00 312,078.06 0.00312,078.060.00407 CUMULATIVE CAPITAL IMPROVEMENT 321,841.28 0.00 0.00 647.55 0.00 0.00 322,488.83 0.00322,488.830.00412 MAJOR MOVES CONSTRUCTION 2,802,672.87 0.00 15,110.78 5,679.86 0.00 0.00 2,793,241.95 0.002,793,241.954,208,792.61416 MORRIS PERFORMING ARTS CENTER CAPITAL 359,033.96 8,156.00 6,652.00 744.56 0.00 0.00 361,282.52 0.00361,282.520.00450 PALAIS ROYALE HISTORIC PRESERVATION 126,882.09 1,492.66 0.00 251.61 0.00 0.00 128,626.36 0.00128,626.360.00451 2018 FIRE STATION #9 CAPITAL 3,712,889.37 0.00 226,359.70 8,488.37 0.00 0.00 3,495,018.04 0.003,495,018.040.00452 2018 TIF PARK BOND CAPITAL 10,688,701.82 0.00 0.00 0.00 0.00 0.00 10,688,701.82 0.0010,688,701.820.00471 2017 PARKS BOND CAPITAL 13,336,006.39 0.00 14,149.91 27,210.17 0.00 0.00 13,349,066.65 0.0013,349,066.650.00Month of: November 2018Monthly Cash Report 11-20183
City of South BendController's Cash ReportOpening Interest Transfers Transfers Ending Total Cash & Interfund LoansFund Fund Name Cash Balance Receipts Disbursements Earned In Out Cash Balance Investments Investments (Borrowing)Month of: November 2018677 HALL OF FAME CAPITAL FUND 425,542.47 0.00 0.00 856.19 0.00 0.00 426,398.66 0.00426,398.66(426,398.66)750 EQUIPMENT / VEHICLE LEASING 2,869,510.60 29,131.25 44,526.00 3,834.92 0.00 0.00 2,857,950.77 0.002,857,950.770.00751 2015 PARKS BOND CAPITAL 1,638,694.30 2,113.18 731,723.74 411.97 0.00 0.00 909,495.71 0.00909,495.710.00753 SMART STREET BOND CAPITAL 70,301.32 0.00 1,510.68 17.33 0.00 0.00 68,807.97 0.0068,807.970.00759 EDDY ST COMMONS CAPITAL 9,258,753.08 0.00 473,158.81 6.34 0.00 0.00 8,785,600.61 0.008,785,600.610.00Total Capital & Debt Service Funds48,952,338.38 40,893.09 1,633,292.19 50,991.39 0.00 0.00 47,410,930.67 0.0047,410,930.673,782,393.95Enterprise Funds287 EMS CAPITAL 4,400,500.90 0.00 240,904.90 8,426.84 0.00 0.00 4,168,022.84 0.004,168,022.840.00288 EMS OPERATING 2,353,660.41 545,871.60 700,184.78 7,113.67 0.00 0.00 2,206,460.90 0.002,206,460.900.00600 CONSOLIDATED BUILDING DEPARTMENT 2,271,638.12 180,644.75 407,872.09 4,664.46 0.00 0.00 2,049,075.24 0.002,049,075.240.00601 PARKING GARAGES 1,304,535.65 97,212.75 98,255.53 2,596.31 0.00 0.00 1,306,089.18 0.001,306,089.18(1,427,141.00)610 SOLID WASTE OPERATIONS 394,873.25 420,823.61 362,414.76 726.03 0.00 1,333.00 452,675.13 0.00452,675.130.00611 SOLID WASTE CAPITAL 192,835.93 0.00 150,385.77 495.35 1,333.00 0.00 44,278.51 0.0044,278.510.00620 WATER WORKS OPERATIONS 4,369,161.36 1,590,277.25 1,443,886.07 6,949.37 11,210.79 165,595.00 4,368,117.70 0.004,368,117.700.00622 WATER WORKS CAPITAL 1,984,537.33 2,578.46 0.00 3,984.04 0.00 0.00 1,991,099.83 0.001,991,099.830.00624 WATER WORKS CUSTOMER DEPOSIT 1,504,253.79 13,925.49 12,353.52 3,027.61 0.00 3,027.61 1,505,825.76 0.001,505,825.760.00625 WATER WORKS SINKING FUND 1,399,088.50 0.00 0.00 2,806.37 165,595.00 2,806.37 1,564,683.50 0.001,564,683.500.00626 WATER WORKS BOND RESERVE 1,444,259.34 0.00 0.00 2,889.14 0.00 0.001,447,148.48 0.001,447,148.480.00629 WATER WORKS RESERVE - O & M 2,670,169.40 0.00 0.00 5,376.81 0.005,376.81 2,670,169.40 0.002,670,169.400.00640 SEWER REPAIR INSURANCE 1,977,011.08 48,346.81 39,501.43 3,970.310.00 0.00 1,989,826.77 0.001,989,826.770.00641 SEWAGE WORKS OPERATIONS 13,824,174.97 2,923,615.58 2,242,609.3627,103.17 10,871.92 763,031.54 13,780,124.74 0.0013,780,124.740.00642 SEWAGE WORKS CAPITAL 9,510,509.11 5,152.50 216,953.87 19,716.27 0.00 0.00 9,318,424.01 0.009,318,424.010.00643 SEWAGE WORKS RESERVE - O & M 5,399,084.29 0.00 0.00 10,871.92 0.00 10,871.92 5,399,084.29 0.005,399,084.290.00649 SEWAGE WORKS BOND SINKING 8,318,423.53 0.00 8,148,149.71 15,697.17 763,031.54 0.00 949,002.53 0.00949,002.530.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,183,723.26 0.00 0.00 6,394.99 0.00 0.00 4,190,118.25 0.004,190,118.250.00670 CENTURY CENTER 1,717,701.49 281,044.04 346,351.11 0.00 0.00 0.00 1,652,394.42 0.001,652,394.420.00671 CENTURY CENTER CAPITAL 856,161.43 0.00 0.00 715.71 0.00 0.00 856,877.14 0.00856,877.140.00672 CENTURY CENTER ENERGY SAVINGS 115,607.74 0.00 0.00 54,990.57 0.000.00 170,598.31 0.00170,598.310.00Total Enterprise Funds70,191,910.88 6,109,492.84 14,409,822.90 188,516.11 952,042.25 952,042.25 62,080,096.93 0.0062,080,096.93(1,427,141.00)Internal Service Funds222 CENTRAL SERVICES 1,027,367.92 1,040,068.95 1,075,160.92 1,172.080.00 0.00 993,448.03 0.00993,448.030.00224 CENTRAL SERVICES CAPITAL 178,625.57 0.00 6,002.60 372.77 0.00 0.00172,995.74 0.00172,995.740.00226 LIABILITY INSURANCE 3,694,562.19 168,832.00 175,296.26 7,411.72 0.00 0.00 3,695,509.65 0.003,695,509.650.00278 TAKE HOME VEHICLE POLICE 746,762.68 480.00 0.00 1,523.85 0.00 0.00748,766.53 0.00748,766.530.00279 IT / INNOVATION / 311 CALL CENTER 2,672,565.85 567,066.00 501,074.24 5,014.14 0.00 0.00 2,743,571.75 0.002,743,571.750.00711 SELF-FUNDED EMPLOYEE BENEFITS 11,461,125.79 1,491,656.71 974,956.49 25,435.32 0.00 0.00 12,003,261.33 0.0012,003,261.330.00713 UNEMPLOYMENT COMP FUND 208,153.73 0.00 0.00 418.81 0.00 0.00 208,572.54 0.00208,572.540.00714 PARENTAL LEAVE FUND 44,922.65 18,252.17 11,181.38 84.89 0.00 0.00 52,078.33 0.0052,078.330.00Total Internal Service Funds20,034,086.38 3,286,355.83 2,743,671.89 41,433.58 0.00 0.00 20,618,203.90 0.0020,618,203.900.00Trust & Agency Funds701 FIREFIGHTERS PENSION 1,040,769.09 364,451.26 729,587.68 2,788.22 0.00 0.00 678,420.89 0.00678,420.890.00702 POLICE PENSION 1,958,911.64 496,626.46 1,005,657.64 4,885.50 0.00 0.00 1,454,765.96 0.001,454,765.960.00709 PAYROLL FUND 0.00 11,694,971.51 11,694,971.51 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 272,760.67 403,298.44 272,760.67 0.00 0.00 0.00 403,298.44 0.00403,298.440.00725 MORRIS / PALAIS BOX OFFICE 2,685,764.71 55,680.02 2,794.05 0.00 0.00 0.00 2,738,650.68 0.002,738,650.680.00726 POLICE DISTRIBUTIONS PAYABLE 831,998.89 0.00 0.00 0.00 0.00 0.00 831,998.89 0.00831,998.890.00730 CITY CEMETERY TRUST 28,866.12 0.00 0.00 58.07 0.00 0.00 28,924.19 0.0028,924.190.00731 BOWMAN CEMETERY 455,518.43 479.18 0.00 0.00 0.00 0.00 455,997.61 0.00455,997.610.00Total Trust & Agency Funds7,274,589.55 13,015,506.87 13,705,771.55 7,731.79 0.00 0.00 6,592,056.66 0.006,592,056.660.00Total City Funds239,167,046.58 28,330,454.85 43,589,928.42 433,016.59 952,042.25 952,042.25 224,340,589.60 69,782.00 224,410,371.60 2,981,651.61Monthly Cash Report 11-20184
City of South BendController's Cash ReportOpening Interest Transfers Transfers Ending Total Cash & Interfund LoansFund Fund Name Cash Balance Receipts Disbursements Earned In Out Cash Balance Investments Investments (Borrowing)Month of: November 2018Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 25,391,696.91 888.52 461,076.63 49,659.16 5,597.88 0.00 24,986,765.84 0.0024,986,765.84(200,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,891,525.72 0.00 252,153.02 3,813.52 0.00 0.00 1,643,186.22 0.001,643,186.220.00425 REDEVELOPMENT RETAIL AREA 141,566.26 0.00 0.00 280.18 0.00 0.00 141,846.44 0.00141,846.440.00429 TIF RIVER EAST DEV (NE) 9,509,335.05 0.00 16,000.00 19,150.44 0.00 0.00 9,512,485.49 0.009,512,485.490.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 8,883,352.30 3,020.00 49,581.34 17,894.95 0.00 0.00 8,854,685.91 0.008,854,685.910.00435 TIF DOUGLAS ROAD 203,481.75 0.00 0.00 409.40 0.00 0.00 203,891.15 0.00203,891.150.00436 TIF RIVER EAST RES (NE RE) 1,864,504.85 0.00 0.00 0.00 0.00 0.00 1,864,504.85 0.001,864,504.85(2,781,651.61)Total Tax Increment Financing Funds47,885,462.84 3,908.52 778,810.99 91,207.65 5,597.88 0.00 47,207,365.90 0.0047,207,365.90(2,981,651.61)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 641,218.79 0.00 28,100.00 1,290.56 0.00 0.00 614,409.35 0.00614,409.350.00439 CERTIFIED TECHNOLOGY PARK 621,607.93 0.00 0.00 1,250.68 0.00 0.00 622,858.61 0.00622,858.610.00454 AIRPORT URBAN ENTERPRISE ZONE 392,014.00 0.00 0.00 788.74 0.00 0.00 392,802.74 0.00392,802.740.00754 INDUSTRIAL REVOLVING FUND 2,570,761.00 6,736.00 9,911.00 23,750.00 0.00 0.00 2,591,336.00 0.002,591,336.000.00Total Redevelopment Funds4,225,601.72 6,736.00 38,011.00 27,079.98 0.00 0.00 4,221,406.70 0.004,221,406.700.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 2,095.13 0.00 2,095.13 1,040,462.24 0.001,040,462.240.00317 COVELESKI BOND DEBT RESERVE 524,397.40 0.00 0.00 1,055.10 0.00 0.00 525,452.50 0.00525,452.500.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 3,502.75 0.00 3,502.75 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 993,495.00 0.00 0.00 0.00 0.00 0.00 993,495.00 0.00993,495.000.00752 SB REDEVELOPMENT AUTHORITY 49,290.20 198,500.00 0.00 73.03 0.00 0.00 247,863.23 0.00247,863.230.00756 SMARTS STREETS DEBT SERVICE 1,725,499.23 0.00 0.00 425.45 0.00 0.00 1,725,924.68 0.001,725,924.680.00Total Debt Service Funds6,072,638.93 198,500.00 0.00 7,151.46 0.00 5,597.88 6,272,692.51 0.006,272,692.510.00Total Redevelopment Commission Funds58,183,703.49 209,144.52 816,821.99 125,439.09 5,597.88 5,597.88 57,701,465.11 0.00 57,701,465.11(2,981,651.61)City Operations Total297,350,750.07 28,539,599.37 44,406,750.41 558,455.68 957,640.13 957,640.13 282,042,054.71 69,782.00 282,111,836.71 0.00Memo ItemPooled Investment AccountOpening Interest Accrued Change in Transfer In Transfer out Investment Total Cash &Balance Net of Fees Income Asset Value from Depositoryto DepositoryBalance Investments1st Source Bank Investment Account184,018,633.19 311,180.56 0.00 (89,889.59) 0.00 118,508.44 184,121,415.72 184,121,415.72Monthly Cash Report 11-20185
City of South BendCash Reserves Summary by Fund Status Cash ActualFund Fund NameCash Outstanding Available Reserve % ofBalance Encumb. Cash Requirement Variance Budget Notes Cash Reserve PolicyInsufficient Balances201 Parks & Recreation 3,482,103 2,082,223 1,399,880 4,070,515 (2,670,635) 9% Property tax distribution received in June & Dec25% of Annual expenditures211 DCI Administration Fund 426,077 114,360 311,717 769,274 (457,557) 10%25% of Annual expenditures219 Unsafe Building 423,480 198,940 224,539 243,103 (18,564) 23% High encumbrances25% of Annual expenditures222 Central Services 993,448 21,447 972,002 1,108,172 (136,170) 22% Just under reserve target25% of Annual expenditures, excluding utility accounting278 Take Home Vehicle Police 748,767 - 748,767 750,000 (1,233) 7488% Just under reserve targetSet dollar amount of $750,000610 Solid Waste Operations 452,675 44,056 408,619 549,605 (140,986) 7% High encumbrances10% of Annual expenditures629 Water Works Reserve - O & M 2,670,169 - 2,670,169 2,670,510 (341) 17% Just under reserve target16.67% of annual operating expenses in Fund 620, net of transfers9,196,719 2,461,025 6,735,693 10,161,179 (3,425,486) Meets or Exceeds Requirements101 General Fund 22,783,319 523,460 22,259,859 21,640,751 619,108 36% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day Fund 10,442,445 - 10,442,445 9,745,767 696,678 3%3% of total expenditures in previous fiscal year202 Motor Vehicle Highway 7,521,162 989,366 6,531,796 3,098,495 3,433,301 53%25% of Annual expenditures203 Recreation - Nonreverting 825,977 95,633 730,344 435,101 295,243 42%25% of Annual expenditures216 Police State Seizures 227,415 804 226,612 8,000 218,612 708%25% of Annual expenditures218 Police Curfew Violations 13,081 - 13,081 250 12,831 1308%25% of Annual expenditures220 Law Enforce. Continuing Education 490,934 25,706 465,228 148,656 316,572 78%25% of Annual expenditures226 Liability Insurance 3,695,510 240,423 3,455,087 2,196,121 1,258,966 79%50% of Annual expenditures249 Public Safety L.O.I.T. 1,883,745 - 1,883,745 609,838 1,273,907 25% 8% of Annual expenditures - one month reserve251 Local Roads & Streets 4,136,431 581,592 3,554,839 854,627 2,700,212 104%25% of Annual expenditures258 Human Rights - Federal Grant 540,065 3,808 536,257 40,809 495,448 329%25% of Annual expenditures273 Morris PAC/Palais Royale Marketing 54,486 5,606 48,881 4,500 44,381 272%25% of Annual expenditures274 Morris PAC/Self-Promotion 84,622 - 84,622 12,500 72,122 169%25% of Annual expenditures287 EMS Capital 4,168,023 895,753 3,272,270 847,433 2,424,837 97%25% of Annual expenditures288 EMS Operating 2,206,461 51,418 2,155,042 1,607,937 547,105 34%25% of Annual expenditures289 HAZMAT 19,044 472 18,572 2,500 16,072 186%25% of Annual expenditures291 Indiana River Rescue 176,045 9,486 166,559 25,450 141,109 164%25% of Annual expenditures294 Regional Police Academy 98,585 - 98,585 5,625 92,960 438%25% of Annual expenditures299 Police Federal Drug Enforcement 123,903 - 123,903 12,750 111,153 243%25% of Annual expenditures315 Airport 2003 Debt Reserve 1,040,462 - 1,040,462 1,040,462 - 100%100% debt service reserve per bond covenants317 Coveleski Bond Debt Reserve 525,453 - 525,453 525,453 - 100%100% debt service reserve per bond covenants328 SBCDA 2003 Debt Reserve 1,739,495 - 1,739,495 1,739,495 - 100%100% debt service reserve per bond covenants324 River West TIF (Airport TIF) 24,986,766 7,499,702 17,487,063 12,089,046 5,398,017 36%25% of Annual expenditures351 2018 TIF Park Bond Debt Svc Reserve 993,495 - 993,495 - 993,495 100% 100% debt service reserve per bond covenants404 County Option Income Tax 12,392,087 755,938 11,636,148 6,000,837 5,635,311 97%50% of Annual expenditures405 Park Nonreverting Capital 126,488 18,140 108,348 69,468 38,880 39%25% of Annual expenditures406 Cumulative Capital Development 312,078 - 312,078 114,800 197,278 68%25% of Annual expenditures407 Cumulative Capital Improvement 322,489 - 322,489 69,625 252,864 116%25% of Annual expenditures408 Economic Development Income Tax 16,493,498 341,870 16,151,628 6,107,297 10,044,331 132%50% of Annual expenditures416 Morris Performing Arts Center Capital 361,283 8,262 353,021 46,025 306,996 192%25% of Annual expenditures422 TIF District - West Washington 1,643,186 799,382 843,805 571,479 272,326 37%25% of Annual expenditures425 Redevelopment Retail Area 141,846 - 141,846 61,042 80,804 58%25% of Annual expenditures429 River East Dev TIF (Northeast TIF) 9,512,485 3,907,491 5,604,995 2,396,923 3,208,072 58%25% of Annual expenditures430 TIF Southside Development Area #1 8,854,686 3,759,704 5,094,982 2,139,007 2,955,975 60%25% of Annual expenditures433 Redev Administration General 614,409 - 614,409 8,150 606,259 1885%25% of Annual expenditures435 TIF - Douglas Road 203,891 4,200 199,691 20,465 179,226 98%10% of Annual expenditures436 River East Residential (Ne Res TIF) 1,864,505 - 1,864,505 1,080,000 784,505 43%25% of Annual expenditures450 Palais Royale Historic Preservation 128,626 36,967 91,659 11,250 80,409 204%25% of Annual expenditures600 Consolidated Building Department 2,049,075 214,769 1,834,306 1,160,813 673,493 40%25% of Annual expenditures601 Parking Garages 1,306,089 48,464 1,257,625 313,086 944,539 100%25% of Annual expenditures620 Water Works Operations 4,368,118 988,480 3,379,638 903,514 2,476,124 19%5% of Annual expenditures624 Water Works Customer Deposit 1,505,826 - 1,505,826 1,505,826 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 1,564,684 - 1,564,684 1,564,684 - 100%100% cash reserves per bond covenants626 Water Works Bond Reserve 1,447,148 - 1,447,148 1,447,148 - 100%100% cash reserves per bond covenants and Crowe Horwath640 Sewer Repair Insurance 1,989,827 40,618 1,949,209 158,056 1,791,153 308%25% of Annual expendituresNovember 30, 2018Monthly Cash Report 11-20186
City of South BendCash Reserves Summary by Fund Status Cash ActualFund Fund NameCash Outstanding Available Reserve % ofBalance Encumb. Cash Requirement Variance Budget Notes Cash Reserve PolicyNovember 30, 2018641 Sewage Works Operations 13,780,125 2,887,523 10,892,602 2,506,017 8,386,585 22%5% of Annual expenditures643 Sewage Works Reserve - O & M 5,399,084 - 5,399,084 5,385,828 13,256 17% 16.67% of annual operating expenses in Fund 641, net of transfers649 Sewage Works Bond Sinking 949,003 - 949,003 949,003 - 100%100% cash reserves per bond covenants653 Sewage Works Debt Service Reserve 4,190,118 - 4,190,118 4,190,118 - 100%100% cash reserves per bond covenants and Crowe Horwath655 Project Releaf 715,848 585 715,264 175,511 539,753 102%25% of Annual expenditures670 Century Center 1,652,394 26,761 1,625,633 1,139,279 486,354 36%25% of Annual expenditures671 Century Center Capital 856,877 - 856,877 800,000 56,877 4284%$800,000 Minimum per Board of Managers701 Firefighters Pension 678,421 - 678,421 511,246 167,175 13% Pension payments received in June & Sept10% of Annual expenditures702 Police Pension 1,454,766 - 1,454,766 658,345 796,421 22% Pension payments received in June & Sept10% of Annual expenditures705 Police K-9 Unit 2,330 - 2,330 505 1,825 115%25% of Annual expenditures711 Self-Funded Employee Benefits 12,003,261 375,394 11,627,867 4,536,380 7,091,487 64%25% of Annual expenditures713 Unemployment Comp Fund 208,573 - 208,573 20,000 188,573 261%25% of Annual expenditures714 Parental Leave Fund 52,078 - 52,078 38,924 13,154 33%25% of Annual expenditures718 State Tax Withholding Fund 403,298 - 403,298 403,298 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 2,738,651 - 2,738,651 2,738,651 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 831,999 - 831,999 831,999 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 28,924 - 28,924 6,250 22,674 116%25% of Annual expenditures752 South Bend Redevelopment Authority 247,863 - 247,863 247,863 - 100%100% cash reserves per bond covenants753 Smart Street Bond Capital 68,808 - 68,808 68,808 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 790,129 - 790,129 790,129 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 1,725,925 - 1,725,925 1,725,925 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 495,777 - 495,777 495,777 - 100%100% cash reserves per bond covenants760 Eddy St. Commons Debt Service 2,506,651 - 2,506,651 2,506,651 - 100%100% cash reserves per bond covenants207,760,152 25,137,777 182,622,376 113,167,568 69,454,808 No Reserve Requirements209 Studebaker/Oliver Revitalizing Grants 933,724 75,931 857,793 - 857,793 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 362,912 81,000 281,912 - 281,912 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Grant Fund 525,358 2,650,816 (2,125,459) - (2,125,459) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 183,109 58,968 124,141 - 124,141 100%No reserve requirement221 Landlord Registration 10,108 - 10,108 - 10,108 100%No reserve requirement224 Central Services Capital 172,996 27,044 145,952 - 145,952 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 670,582 47,375 623,207 - 623,207 100%No reserve requirement257 LOIT 2016 Special Distribution 895,249 1,113,275 (218,026) - (218,026) 100% Will receive interfund transfer to coverNo reserve requirement265 Local Road & Bridge Grant 535,991 320,763 215,227 - 215,227 100% Will receive interfund transfer to coverNo reserve requirement - Grant fund - spend down to zero279 IT / Innovation / 311 Call Center 2,743,572 1,114,161 1,629,411 - 1,629,411 100% Reimbursed through inter-fund transferNo reserve requirement280 Police Block Grants 3,984 - 3,984 - 3,984 100%No reserve requirement - Grant fund - spend down to zero292 Police Grants 26,716 - 26,716 - 26,716 100%No reserve requirement - Grant fund - spend down to zero295 COPS MORE Grant 175,734 2,730 173,004 - 173,004 100%No reserve requirement - Grant fund - spend down to zero312 2017 Parks Bond Debt Service(187,998) - (187,998) - (187,998) 100% Will be reimbursed from property taxes in DecNo reserve requirement313 Hall of Fame Debt Service (109,688) - (109,688) - (109,688) 100% Will be reimbursed from property taxes in DecNo reserve requirement377 Professional Sports Development(783,696) - (783,696) - (783,696) 100% Waiting on the receipt of PSDA revenueNo reserve requirement401 Coveleski Stadium Capital 74,509 24,765 49,744 - 49,744 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 28,936 - 28,936 - 28,936 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,793,242 726,555 2,066,687 - 2,066,687 100%No reserve requirement - Capital fund - spend down to zero439 Certified Technology Park 622,859 - 622,859 - 622,859 100%No reserve requirement451 2018 Fire St #9 Capital 3,495,018 2,582,820 912,198 - 912,198 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 10,688,702 2,259,211 8,429,491 - 8,429,491 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 392,803 - 392,803 - 392,803 100%No reserve requirement471 2017 Parks Bond Capital 13,349,067 2,848,332 10,500,734 - 10,500,734 100%Bond fund - spend down to zero - no reserves611 Solid Waste Capital 44,279 - 44,279 - 44,279 100%No reserve requirement - Capital fund - spend down to zero622 Water Works Capital 1,991,100 324,120 1,666,980 - 1,666,980 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 9,318,424 1,028,558 8,289,866 - 8,289,866 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings 170,598 - 170,598 - 170,598 100%No reserve requirement677 Hall of Fame Capital Fund 426,399 5,122 421,277 - 421,277 100%No reserve requirement - Capital fund - spend down to zero731 Bowman Cemetery 455,998 - 455,998 - 455,998 100%No reserve requirement established yet750 Equipment/Vehicle Leasing 2,857,951 1,228,410 1,629,541 - 1,629,541 100% No reserve requirement - Capital lease fund - spend down to zeroMonthly Cash Report 11-20187
City of South BendCash Reserves Summary by Fund Status Cash ActualFund Fund NameCash Outstanding Available Reserve % ofBalance Encumb. Cash Requirement Variance Budget Notes Cash Reserve PolicyNovember 30, 2018751 2015 Parks Bond Capital 909,496 561,629 347,866 - 347,866 100% No reserve requirement - Bond capital fund - spend down to zero754 Industrial Revolving Fund 2,591,336 - 2,591,336 - 2,591,336 100%No City reserve requirement; there are program requirements759 Eddy St Commons Capital 8,785,601 - 8,785,601 - 8,785,601 100%No reserve requirement - Bond capital fund - spend down to zero65,154,966 17,081,586 48,073,382 - 48,073,382 City Operations Total 282,111,837 44,680,389 237,431,451 123,328,747 114,102,704 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrancesMonthly Cash Report 11-20188
January 1, 2007 - November 30, 2018
$329,782,565 6/30/2018
$122,056,198 5/31/2007
$211,929,074 --
$289,619,275 --
Enterprise Redevelopment Civil City Enterprise Redevelopment Civil City
Date Total Cash Funds Funds Funds Date Total Cash Funds Funds Funds
01/01/07 153,934,542.58 28,657,187.47 40,101,775.51 85,175,579.60 03/31/11 204,406,098.50 46,555,428.08 52,439,712.97 105,410,957.45
01/31/07 140,751,745.07 30,058,091.08 37,204,941.29 73,488,712.70 04/30/11 196,890,904.95 46,284,639.10 51,775,206.12 98,831,059.73
02/28/07 134,780,141.52 30,099,578.04 42,400,991.27 62,279,572.21 05/31/11 187,084,917.40 45,692,919.82 45,543,075.85 95,848,921.73
03/31/07 130,695,124.81 30,984,947.93 36,322,464.80 63,387,712.08 06/30/11 230,633,979.38 46,029,921.56 57,605,720.29 126,998,337.53
04/30/07 123,592,524.20 29,218,887.63 36,374,308.24 57,999,328.33 07/31/11 215,737,687.08 45,556,018.39 51,845,520.23 118,336,148.46
05/31/07 122,056,197.59 32,424,086.65 36,579,224.31 53,052,886.63 08/31/11 208,031,597.26 45,688,053.72 49,085,008.00 113,258,535.54
06/30/07 153,755,514.81 48,699,567.31 35,914,061.41 69,141,886.09 09/30/11 203,800,576.60 46,330,287.44 47,073,543.39 110,396,745.77
07/31/07 137,115,793.85 48,096,309.22 33,046,039.94 55,973,444.69 10/31/11 218,059,539.64 67,040,484.39 44,750,523.17 106,268,532.08
08/31/07 135,817,993.03 47,662,427.04 31,416,991.60 56,738,574.39 11/30/11 207,257,743.68 61,691,017.04 41,844,406.42 103,722,320.22
09/30/07 130,647,671.00 45,360,303.16 30,955,278.22 54,332,089.62 12/31/11 231,757,444.75 58,173,399.01 51,201,636.39 122,382,409.35
10/31/07 139,006,258.42 46,717,357.10 29,953,285.20 62,335,616.12 01/31/12 216,528,714.30 59,207,692.55 44,464,972.65 112,856,049.10
11/30/07 149,006,468.44 41,716,114.28 29,049,190.99 78,241,163.17 02/29/12 210,660,777.01 59,272,665.18 43,124,396.97 108,263,714.86
12/31/07 191,315,373.73 55,204,053.77 43,118,912.28 92,992,407.68 03/31/12 204,985,024.71 59,768,182.49 40,875,506.16 104,341,336.06
01/31/08 178,454,459.92 56,114,335.03 41,405,052.40 80,935,072.49 04/30/12 202,396,668.08 60,202,795.65 39,972,677.94 102,221,194.49
02/29/08 175,025,158.07 54,575,012.50 40,635,068.99 79,815,076.58 05/31/12 194,807,225.14 59,123,171.41 37,283,464.71 98,400,589.02
03/31/08 170,888,981.29 54,575,272.95 40,558,124.18 75,755,584.16 06/30/12 244,718,879.49 67,140,754.63 48,308,618.33 129,269,506.53
04/30/08 165,390,558.53 54,929,047.02 40,290,091.29 70,171,420.22 07/31/12 230,268,324.98 67,955,663.74 43,597,429.86 118,715,231.38
05/31/08 156,964,559.54 53,052,472.03 40,210,711.69 63,701,375.82 08/31/12 223,526,459.82 67,464,201.30 41,355,817.62 114,706,440.90
06/30/08 167,363,776.09 53,204,418.10 39,857,987.53 74,301,370.46 09/30/12 223,261,928.97 65,732,654.52 40,654,565.67 116,874,708.78
07/31/08 171,036,661.63 54,533,563.28 39,145,712.40 77,357,385.95 10/31/12 214,815,908.26 66,270,486.67 38,605,222.83 109,940,198.76
08/31/08 163,938,453.44 54,251,216.99 36,074,455.00 73,612,781.45 11/30/12 203,844,116.85 59,658,568.60 37,090,958.24 107,094,590.01
09/30/08 160,071,575.14 53,272,451.68 35,928,266.53 70,870,856.93 12/31/12 255,285,203.18 82,506,887.41 47,393,846.15 125,384,469.62
10/31/08 164,801,788.81 68,706,036.43 34,674,631.21 61,421,121.17 01/31/13 247,853,896.56 83,296,821.86 45,144,294.34 119,412,780.36
11/30/08 148,390,201.07 54,077,562.73 33,382,904.90 60,929,733.44 02/28/13 237,222,593.71 82,484,393.54 41,364,435.41 113,373,764.76
12/31/08 140,621,861.88 44,639,804.67 28,608,922.65 67,373,134.56 03/31/13 232,080,046.72 82,950,715.18 41,430,811.51 107,698,520.03
01/31/09 129,082,048.94 45,793,529.09 26,731,148.85 56,557,371.00 04/30/13 226,442,650.85 80,568,512.43 42,438,979.52 103,435,158.90
02/28/09 136,587,197.92 46,941,062.25 28,199,966.51 61,446,169.16 05/31/13 220,102,647.01 79,672,318.05 42,077,874.12 98,352,454.84
03/31/09 150,350,125.92 47,265,006.09 27,482,787.81 75,602,332.02 06/30/13 259,848,268.81 79,520,360.08 55,157,971.58 125,169,937.15
04/30/09 156,355,774.87 48,061,985.20 38,905,572.01 69,388,217.66 07/31/13 252,445,699.79 79,867,774.82 51,147,079.40 121,430,845.57
05/31/09 154,015,638.43 46,623,111.00 38,656,758.39 68,735,769.04 08/31/13 242,038,208.31 79,782,901.50 48,231,381.91 114,023,924.90
06/30/09 145,255,362.21 46,662,615.02 36,003,705.47 62,589,041.72 09/30/13 242,325,305.67 79,940,103.15 47,344,717.04 115,040,485.48
07/31/09 151,028,950.92 45,609,990.75 39,288,192.08 66,130,768.09 10/31/13 235,335,719.18 79,663,547.72 45,849,747.51 109,822,423.95
08/31/09 154,754,067.65 44,700,623.82 38,981,480.90 71,071,962.93 11/30/13 222,610,337.19 72,524,668.50 45,831,055.40 104,254,613.29
09/30/09 153,379,153.77 44,771,129.93 38,365,267.66 70,242,756.18 12/31/13 247,349,777.30 67,716,137.82 55,315,510.06 124,318,129.42
10/31/09 150,364,096.50 44,855,908.07 36,749,933.72 68,758,254.71 01/31/14 232,044,399.72 66,889,990.77 50,898,242.66 114,256,166.29
11/30/09 144,010,184.05 44,458,186.54 35,847,660.55 63,704,336.96 02/28/14 227,156,115.52 67,566,543.96 49,986,290.38 109,603,281.18
12/31/09 188,453,001.03 36,891,179.40 34,358,243.89 117,203,577.74 03/31/14 222,046,327.82 68,633,684.73 49,028,261.04 104,384,382.05
01/31/10 196,099,529.93 37,726,300.40 53,534,937.83 104,838,291.70 04/30/14 214,783,605.41 68,960,383.93 47,281,387.13 98,541,834.35
02/28/10 194,663,355.99 36,982,623.93 52,816,628.95 104,864,103.11 05/31/14 209,324,809.29 67,425,749.33 46,795,213.96 95,103,846.00
03/31/10 197,907,655.27 41,475,717.35 52,577,148.25 103,854,789.67 06/30/14 251,700,644.00 67,697,981.00 61,118,881.00 122,883,782.00
04/30/10 190,430,003.35 40,478,357.60 51,768,568.42 98,183,077.33 07/31/14 238,781,403.03 68,611,865.99 56,842,280.86 113,327,256.18
05/31/10 201,229,420.61 38,739,522.56 50,881,687.36 111,608,210.69 08/31/14 234,086,687.41 68,747,483.87 55,735,447.17 109,603,756.37
06/30/10 230,557,975.59 39,738,881.62 62,539,377.78 128,279,716.19 09/30/14 233,595,370.44 69,430,344.98 54,889,194.46 109,275,831.00
07/31/10 217,064,522.90 42,020,069.17 55,401,804.58 119,642,649.15 10/31/14 225,913,486.47 70,431,027.92 54,196,891.83 101,285,566.72
08/31/10 210,387,480.23 40,331,826.60 53,423,401.23 116,632,252.40 11/30/14 216,583,420.38 64,909,392.12 54,554,819.33 97,119,208.93
09/30/10 211,494,373.45 40,245,656.32 52,832,007.68 118,416,709.45 12/31/14 239,808,095.03 61,623,499.90 65,903,128.76 112,281,466.37
10/31/10 204,642,650.38 39,984,803.80 51,745,774.22 112,912,072.36 01/31/15 225,471,264.56 61,585,040.94 60,387,162.56 103,499,061.06
11/30/10 198,782,418.22 35,695,100.47 49,573,730.89 113,513,586.86 02/28/15 221,854,105.82 63,269,776.69 58,990,110.88 99,594,218.25
12/31/10 227,739,252.18 41,300,042.16 65,164,721.07 121,274,488.95 03/31/15 215,278,052.12 64,288,370.38 58,654,868.03 92,334,813.71
01/31/11 214,107,834.98 42,918,366.28 57,392,911.65 113,796,557.05 04/30/15 213,330,317.66 65,430,174.18 57,972,838.77 89,927,304.71
02/28/11 208,263,626.92 44,793,554.36 53,822,791.88 109,647,280.68 05/31/15 209,379,494.75 65,714,228.05 57,630,884.95 86,034,381.75
Note: Property tax distributions are received
in June and December.
City of South Bend Cash Balances - All Funds
Maximum Total Cash
Minimum Total Cash
Average Cash
Average - last 12 months
$0
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
Monthly Cash Report 11-2018 9
January 1, 2007 - November 30, 2018
City of South Bend Cash Balances - All Funds
Enterprise Redevelopment Civil City
Date Total Cash Funds Funds Funds
06/30/15 249,603,497.41 68,746,632.56 70,642,566.10 110,214,298.75
07/31/15 236,381,857.01 70,884,051.33 65,048,413.67 100,449,392.01
08/31/15 228,483,356.31 72,023,119.13 61,042,169.83 95,418,067.35
09/30/15 234,514,964.30 75,617,268.98 59,936,471.64 98,961,223.68
10/31/15 230,114,056.20 77,155,814.42 56,339,743.69 96,618,498.09
11/30/15 222,277,823.00 75,987,100.36 54,715,027.81 91,575,694.83
12/31/15 228,782,505.24 64,215,673.59 61,194,710.47 103,372,121.18
01/31/16 217,346,607.43 65,062,377.54 55,690,681.11 96,593,548.78
02/29/16 213,873,714.80 67,564,110.56 53,548,676.30 92,760,927.94
03/31/16 211,205,005.30 69,211,164.87 53,434,486.66 88,559,353.77
04/30/16 207,587,385.26 69,616,174.97 51,317,725.09 86,653,485.20
05/31/16 206,530,605.82 69,399,868.04 50,296,085.76 86,834,652.02
06/30/16 249,745,397.89 68,720,691.90 64,433,239.06 116,591,466.93
07/31/16 236,139,560.82 69,227,392.30 58,518,600.58 121,999,405.01
08/31/16 229,469,472.57 67,673,880.42 55,966,718.35 105,828,873.80
09/30/16 231,252,737.44 69,398,336.63 55,065,472.04 106,788,928.77
10/31/16 224,757,043.80 68,809,369.21 52,059,580.89 103,888,093.70
11/30/16 210,677,437.29 61,451,803.84 51,222,578.99 98,003,054.46
12/31/16 234,529,325.24 58,486,210.11 60,406,691.98 115,636,423.15
01/31/17 237,205,923.15 58,517,537.99 54,709,591.50 123,978,793.66
02/28/17 242,890,155.89 60,687,347.41 60,693,512.64 121,509,295.84
03/31/17 233,258,187.04 62,502,426.31 54,200,785.07 116,554,975.66
04/30/17 227,611,544.94 63,062,862.44 53,618,489.08 110,930,193.42
05/31/17 222,671,842.56 62,923,609.40 50,870,962.23 108,877,270.93
06/30/17 264,329,452.56 62,218,464.08 64,818,554.92 137,292,433.56
07/31/17 254,200,729.74 63,518,960.13 59,955,849.53 130,725,920.08
08/31/17 252,059,534.11 64,818,240.75 60,726,084.24 126,515,209.12
09/30/17 277,635,581.14 66,236,471.94 57,532,562.70 153,866,546.50
10/31/17 269,348,596.25 66,667,885.35 55,546,746.25 147,133,964.65
11/30/17 258,560,219.00 59,754,036.10 55,251,426.66 143,554,756.24
12/31/17 291,289,923.15 57,620,088.62 65,818,514.83 167,851,319.70
01/31/18 282,785,943.66 59,858,871.62 60,435,599.30 162,491,472.74
02/28/18 276,155,955.04 58,423,954.94 58,919,560.09 158,812,440.01
03/31/18 274,783,580.98 60,255,912.54 56,967,800.25 157,559,868.19
04/30/18 280,256,559.54 61,537,542.97 70,308,595.71 148,410,420.86
05/31/18 280,820,481.43 62,676,079.74 69,433,440.38 148,710,961.31
06/30/18 329,782,564.72 62,779,584.12 81,992,642.55 185,010,338.05
07/31/18 317,008,229.34 64,079,751.06 78,753,842.27 174,174,636.01
08/31/18 308,391,385.21 65,896,576.77 73,401,834.82 169,092,973.62
09/30/18 306,023,826.98 67,628,081.52 70,934,670.78 167,461,074.68
10/31/18 297,350,750.07 70,191,910.88 58,183,703.49 168,975,135.70
11/30/18 282,111,836.71 62,080,096.93 57,701,465.11 162,330,274.67
Monthly Cash Report 11-2018 10
$83,296,822 1/31/2013
$28,657,187 1/1/2007
$58,275,224 --
$62,817,884 --
Date Cash Date Cash Date Cash
01/01/07 28,657,187.47 03/31/11 46,555,428.08 06/30/15 68,746,632.56
01/31/07 30,058,091.08 04/30/11 46,284,639.10 07/31/15 70,884,051.33
02/28/07 30,099,578.04 05/31/11 45,692,919.82 08/31/15 72,023,119.13
03/31/07 30,984,947.93 06/30/11 46,029,921.56 09/30/15 75,617,268.98
04/30/07 29,218,887.63 07/31/11 45,556,018.39 10/31/15 77,155,814.42
05/31/07 32,424,086.65 08/31/11 45,688,053.72 11/30/15 75,987,100.36
06/30/07 48,699,567.31 09/30/11 46,330,287.44 12/31/15 64,215,673.59
07/31/07 48,096,309.22 10/31/11 67,040,484.39 01/31/16 65,062,377.54
08/31/07 47,662,427.04 11/30/11 61,691,017.04 02/29/16 67,564,110.56
09/30/07 45,360,303.16 12/31/11 58,173,399.01 03/31/16 69,211,164.87
10/31/07 46,717,357.10 01/31/12 59,207,692.55 04/30/16 69,616,174.97
11/30/07 41,716,114.28 02/29/12 59,272,665.18 05/31/16 69,399,868.04
12/31/07 55,204,053.77 03/31/12 59,768,182.49 06/30/16 68,720,691.90
01/31/08 56,114,335.03 04/30/12 60,202,795.65 07/31/16 69,227,392.30
02/29/08 54,575,012.50 05/31/12 59,123,171.41 08/31/16 67,673,880.42
03/31/08 54,575,272.95 06/30/12 67,140,754.63 09/30/16 69,398,336.63
04/30/08 54,929,047.02 07/31/12 67,955,663.74 10/31/16 68,809,369.21
05/31/08 53,052,472.03 08/31/12 67,464,201.30 11/30/16 61,451,803.84
06/30/08 53,204,418.10 09/30/12 65,732,654.52 12/31/16 58,486,210.11
07/31/08 54,533,563.28 10/31/12 66,270,486.67 01/31/17 58,517,537.99
08/31/08 54,251,216.99 11/30/12 59,658,568.60 02/28/17 60,687,347.41
09/30/08 53,272,451.68 12/31/12 82,506,887.41 03/31/17 62,502,426.31
10/31/08 68,706,036.43 01/31/13 83,296,821.86 04/30/17 63,062,862.44
11/30/08 54,077,562.73 02/28/13 82,484,393.54 05/31/17 62,923,609.40
12/31/08 44,639,804.67 03/31/13 82,950,715.18 06/30/17 62,218,464.08
01/31/09 45,793,529.09 04/30/13 80,568,512.43 07/31/17 63,518,960.13
02/28/09 46,941,062.25 05/31/13 79,672,318.05 08/31/17 64,818,240.75
03/31/09 47,265,006.09 06/30/13 79,520,360.08 09/30/17 66,236,471.94
04/30/09 48,061,985.20 07/31/13 79,867,774.82 10/31/17 66,667,885.35
05/31/09 46,623,111.00 08/31/13 79,782,901.50 11/30/17 59,754,036.10
06/30/09 46,662,615.02 09/30/13 79,940,103.15 12/31/17 57,620,088.62
07/31/09 45,609,990.75 10/31/13 79,663,547.72 01/31/18 59,858,871.62
08/31/09 44,700,623.82 11/30/13 72,524,668.50 02/28/18 58,423,954.94
09/30/09 44,771,129.93 12/31/13 67,716,137.82 03/31/18 60,255,912.54
10/31/09 44,855,908.07 01/31/14 66,889,990.77 04/30/18 61,537,542.97
11/30/09 44,458,186.54 02/28/14 67,566,543.96 05/31/18 62,676,079.74
12/31/09 36,891,179.40 03/31/14 68,633,684.73 06/30/18 62,779,584.12
01/31/10 37,726,300.40 04/30/14 68,960,383.93 07/31/18 64,079,751.06
02/28/10 36,982,623.93 05/31/14 67,425,749.33 08/31/18 65,896,576.77
03/31/10 41,475,717.35 06/30/14 67,697,981.00 09/30/18 67,628,081.52
04/30/10 40,478,357.60 07/31/14 68,611,865.99 10/31/18 70,191,910.88
05/31/10 38,739,522.56 08/31/14 68,747,483.87 11/30/18 62,080,096.93
06/30/10 39,738,881.62 09/30/14 69,430,344.98
07/31/10 42,020,069.17 10/31/14 70,431,027.92
08/31/10 40,331,826.60 11/30/14 64,909,392.12
09/30/10 40,245,656.32 12/31/14 61,623,499.90
10/31/10 39,984,803.80 01/31/15 61,585,040.94
11/30/10 35,695,100.47 02/28/15 63,269,776.69
12/31/10 41,300,042.16 03/31/15 64,288,370.38
01/31/11 42,918,366.28 04/30/15 65,430,174.18
02/28/11 44,793,554.36 05/31/15 65,714,228.05
Note: Cash goes down in June and at
year-end due to the timing of debt service
payments. Debt service payments for
Wastewater are paid out twice a year:
interest in June and principal and interest
in November. Debt service payments for
Water Works are paid out twice a year:
interest in June and principal and interest
in December.
The total cash has been declining as bond
funds are spent down.
In March 2017, the Utility Commission
approved a water rate increase in two
phases: phase 1 - 22% over 12 months,
phase 2 - 22% over 12 months. The
increase was added starting with April
2017 billing. Water Works expects to see
increase in cash in May 2017, when they
begin collecting on April billing.
City of South Bend Cash Balances - Enterprise Funds
January 1, 2007 - November 30, 2018
Maximum Total Cash
Minimum Total Cash
Average Cash
Average - last 12 months
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
Monthly Cash Report 11-2018 11
$81,992,643 6/30/2018
$26,731,149 1/31/2009
$49,453,855 --
$65,642,989 --
Date Cash Date Cash Date Cash
01/01/07 40,101,775.51 03/31/11 52,439,712.97 06/30/15 70,642,566.10
01/31/07 37,204,941.29 04/30/11 51,775,206.12 07/31/15 65,048,413.67
02/28/07 42,400,991.27 05/31/11 45,543,075.85 08/31/15 61,042,169.83
03/31/07 36,322,464.80 06/30/11 57,605,720.29 09/30/15 59,936,471.64
04/30/07 36,374,308.24 07/31/11 51,845,520.23 10/31/15 56,339,743.69
05/31/07 36,579,224.31 08/31/11 49,085,008.00 11/30/15 54,715,027.81
06/30/07 35,914,061.41 09/30/11 47,073,543.39 12/31/15 61,194,710.47
07/31/07 33,046,039.94 10/31/11 44,750,523.17 01/31/16 55,690,681.11
08/31/07 31,416,991.60 11/30/11 41,844,406.42 02/29/16 53,548,676.30
09/30/07 30,955,278.22 12/31/11 51,201,636.39 03/31/16 53,434,486.66
10/31/07 29,953,285.20 01/31/12 44,464,972.65 04/30/16 51,317,725.09
11/30/07 29,049,190.99 02/29/12 43,124,396.97 05/31/16 50,296,085.76
12/31/07 43,118,912.28 03/31/12 40,875,506.16 06/30/16 64,433,239.06
01/31/08 41,405,052.40 04/30/12 39,972,677.94 07/31/16 58,518,600.58
02/29/08 40,635,068.99 05/31/12 37,283,464.71 08/31/16 55,966,718.35
03/31/08 40,558,124.18 06/30/12 48,308,618.33 09/30/16 55,065,472.04
04/30/08 40,290,091.29 07/31/12 43,597,429.86 10/31/16 52,059,580.89
05/31/08 40,210,711.69 08/31/12 41,355,817.62 11/30/16 51,222,578.99
06/30/08 39,857,987.53 09/30/12 40,654,565.67 12/31/16 60,406,691.98
07/31/08 39,145,712.40 10/31/12 38,605,222.83 01/31/17 54,709,591.50
08/31/08 36,074,455.00 11/30/12 37,090,958.24 02/28/17 60,693,512.64
09/30/08 35,928,266.53 12/31/12 47,393,846.15 03/31/17 54,200,785.07
10/31/08 34,674,631.21 01/31/13 45,144,294.34 04/30/17 53,618,489.08
11/30/08 33,382,904.90 02/28/13 41,364,435.41 05/31/17 50,870,962.23
12/31/08 28,608,922.65 03/31/13 41,430,811.51 06/30/17 64,818,554.92
01/31/09 26,731,148.85 04/30/13 42,438,979.52 07/31/17 59,955,849.53
02/28/09 28,199,966.51 05/31/13 42,077,874.12 08/31/17 60,726,084.24
03/31/09 27,482,787.81 06/30/13 55,157,971.58 09/30/17 57,532,562.70
04/30/09 38,905,572.01 07/31/13 51,147,079.40 10/31/17 55,546,746.25
05/31/09 38,656,758.39 08/31/13 48,231,381.91 11/30/17 55,251,426.66
06/30/09 36,003,705.47 09/30/13 47,344,717.04 12/31/17 65,818,514.83
07/31/09 39,288,192.08 10/31/13 45,849,747.51 01/31/18 60,435,599.30
08/31/09 38,981,480.90 11/30/13 45,831,055.40 02/28/18 58,919,560.09
09/30/09 38,365,267.66 12/31/13 55,315,510.06 03/31/18 56,967,800.25
10/31/09 36,749,933.72 01/31/14 50,898,242.66 04/30/18 70,308,595.71
11/30/09 35,847,660.55 02/28/14 49,986,290.38 05/31/18 69,433,440.38
12/31/09 34,358,243.89 03/31/14 49,028,261.04 06/30/18 81,992,642.55
01/31/10 53,534,937.83 04/30/14 47,281,387.13 07/31/18 78,753,842.27
02/28/10 52,816,628.95 05/31/14 46,795,213.96 08/31/18 73,401,834.82
03/31/10 52,577,148.25 06/30/14 61,118,881.00 09/30/18 70,934,670.78
04/30/10 51,768,568.42 07/31/14 56,842,280.86 10/31/18 58,183,703.49
05/31/10 50,881,687.36 08/31/14 55,735,447.17 11/30/18 57,701,465.11
06/30/10 62,539,377.78 09/30/14 54,889,194.46
07/31/10 55,401,804.58 10/31/14 54,196,891.83
08/31/10 53,423,401.23 11/30/14 54,554,819.33
09/30/10 52,832,007.68 12/31/14 65,903,128.76
10/31/10 51,745,774.22 01/31/15 60,387,162.56
11/30/10 49,573,730.89 02/28/15 58,990,110.88
12/31/10 65,164,721.07 03/31/15 58,654,868.03
01/31/11 57,392,911.65 04/30/15 57,972,838.77
02/28/11 53,822,791.88 05/31/15 57,630,884.95
Note: TIF property tax distributions
are received in June and December.
Cash goes down in May and
November due to the timing of debt
service payments.
April 2018, Redevelopment District
Bonds totaling $11,995,000 were
issued for parks improvements to be
repaid by TIF Fund 324.
City of South Bend Cash Balances - Redevelopment Funds
January 1, 2007 - November 30, 2018
Maximum Total Cash
Minimum Total Cash
Average Cash
Average - last 12 months
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
Monthly Cash Report 11-2018 12
$185,010,338 6/30/2018
$53,052,887 5/31/2007
$104,331,647 --
$160,936,136 --
Date Cash Date Cash Date Cash
01/01/07 85,175,579.60 03/31/11 105,410,957.45 06/30/15 110,214,298.75
01/31/07 73,488,712.70 04/30/11 98,831,059.73 07/31/15 100,449,392.01
02/28/07 62,279,572.21 05/31/11 95,848,921.73 08/31/15 95,418,067.35
03/31/07 63,387,712.08 06/30/11 126,998,337.53 09/30/15 98,961,223.68
04/30/07 57,999,328.33 07/31/11 118,336,148.46 10/31/15 96,618,498.09
05/31/07 53,052,886.63 08/31/11 113,258,535.54 11/30/15 91,575,694.83
06/30/07 69,141,886.09 09/30/11 110,396,745.77 12/31/15 103,372,121.18
07/31/07 55,973,444.69 10/31/11 106,268,532.08 01/31/16 96,593,548.78
08/31/07 56,738,574.39 11/30/11 103,722,320.22 02/29/16 92,760,927.94
09/30/07 54,332,089.62 12/31/11 122,382,409.35 03/31/16 88,559,353.77
10/31/07 62,335,616.12 01/31/12 112,856,049.10 04/30/16 86,653,485.20
11/30/07 78,241,163.17 02/29/12 108,263,714.86 05/31/16 86,834,652.02
12/31/07 92,992,407.68 03/31/12 104,341,336.06 06/30/16 116,591,466.93
01/31/08 80,935,072.49 04/30/12 102,221,194.49 07/31/16 121,999,405.01
02/29/08 79,815,076.58 05/31/12 98,400,589.02 08/31/16 105,828,873.80
03/31/08 75,755,584.16 06/30/12 129,269,506.53 09/30/16 106,788,928.77
04/30/08 70,171,420.22 07/31/12 118,715,231.38 10/31/16 103,888,093.70
05/31/08 63,701,375.82 08/31/12 114,706,440.90 11/30/16 98,003,054.46
06/30/08 74,301,370.46 09/30/12 116,874,708.78 12/31/16 115,636,423.15
07/31/08 77,357,385.95 10/31/12 109,940,198.76 01/31/17 123,978,793.66
08/31/08 73,612,781.45 11/30/12 107,094,590.01 02/28/17 121,509,295.84
09/30/08 70,870,856.93 12/31/12 125,384,469.62 03/31/17 116,554,975.66
10/31/08 61,421,121.17 01/31/13 119,412,780.36 04/30/17 110,930,193.42
11/30/08 60,929,733.44 02/28/13 113,373,764.76 05/31/17 108,877,270.93
12/31/08 67,373,134.56 03/31/13 107,698,520.03 06/30/17 137,292,433.56
01/31/09 56,557,371.00 04/30/13 103,435,158.90 07/31/17 130,725,920.08
02/28/09 61,446,169.16 05/31/13 98,352,454.84 08/31/17 126,515,209.12
03/31/09 75,602,332.02 06/30/13 125,169,937.15 09/30/17 153,866,546.50
04/30/09 69,388,217.66 07/31/13 121,430,845.57 10/31/17 147,133,964.65
05/31/09 68,735,769.04 08/31/13 114,023,924.90 11/30/17 143,554,756.24
06/30/09 62,589,041.72 09/30/13 115,040,485.48 12/31/17 167,851,319.70
07/31/09 66,130,768.09 10/31/13 109,822,423.95 01/31/18 162,491,472.74
08/31/09 71,071,962.93 11/30/13 104,254,613.29 02/28/18 158,812,440.01
09/30/09 70,242,756.18 12/31/13 124,318,129.42 03/31/18 157,559,868.19
10/31/09 68,758,254.71 01/31/14 114,256,166.29 04/30/18 148,410,420.86
11/30/09 63,704,336.96 02/28/14 109,603,281.18 05/31/18 148,710,961.31
12/31/09 117,203,577.74 03/31/14 104,384,382.05 06/30/18 185,010,338.05
01/31/10 104,838,291.70 04/30/14 98,541,834.35 07/31/18 174,174,636.01
02/28/10 104,864,103.11 05/31/14 95,103,846.00 08/31/18 169,092,973.62
03/31/10 103,854,789.67 06/30/14 122,883,782.00 09/30/18 167,461,074.68
04/30/10 98,183,077.33 07/31/14 113,327,256.18 10/31/18 168,975,135.70
05/31/10 111,608,210.69 08/31/14 109,603,756.37 11/30/18 162,330,274.67
06/30/10 128,279,716.19 09/30/14 109,275,831.00
07/31/10 119,642,649.15 10/31/14 101,285,566.72
08/31/10 116,632,252.40 11/30/14 97,119,208.93
09/30/10 118,416,709.45 12/31/14 112,281,466.37
10/31/10 112,912,072.36 01/31/15 103,499,061.06
11/30/10 113,513,586.86 02/28/15 99,594,218.25
12/31/10 121,274,488.95 03/31/15 92,334,813.71
01/31/11 113,796,557.05 04/30/15 89,927,304.71
02/28/11 109,647,280.68 05/31/15 86,034,381.75
Note: Property tax collections are
received in June and December.
Effective January 1, 2017, a total of
eight (8) funds with trustee cash
balances were included in the City's
formal accounting system,
signficantly increasing Civil City cash.
Also, bond proceeds received during
2017, totaling $43.4 million,
increased cash.
City of South Bend Cash Balances - Civil City Funds
January 1, 2007 - November 30, 2018
Maximum Total Cash
Minimum Total Cash
Average Cash
Average - last 12 months
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
$140,000,000
$160,000,000
$180,000,000
$200,000,000
Monthly Cash Report 11-2018 13