Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
2019-02 Monthly Cash Report
Period Ending: Issued by: Page Number(s) Contents 2 Narrative 3 - 5 Controller's Cash Report 6 - 7 Cash Reserves Summary by Fund Status 8 - 9 Cash Trends - All Funds 10 Cash Trends - Enterprise Funds 11 Cash Trends - Redevelopment Funds 12 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 February 28, 2019 Controller City of South Bend Monthly Cash Report 2019-02 Monthly Cash Report 1 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 operational expenditures, excluding one-time capital 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 trustees or escrow agents at 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. Fund 312, 701, and 702 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 Firefighter's Pension Fund 701 and Police Pension Fund 702 haven't received reimbursement from the State yet, but still had to make payments to pensioners. Reimbursement is received in June and September. 2019-02 Monthly Cash Report 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 $35,411,428.57 $1,382,838.21 $4,531,025.60 $58,061.21 $0.00 $0.00 $32,321,302.39 $0.00$32,321,302.39$0.00Special Revenue Funds102 RAINY DAY FUND 10,483,478.88 0.00 0.00 17,998.62 0.00 0.00 10,501,477.50 0.0010,501,477.500.00201 PARKS & RECREATION 6,802,852.64 671,060.94 1,267,852.44 11,006.88 0.00 0.00 6,217,068.02 0.006,217,068.020.00202 MOTOR VEHICLE HIGHWAY 7,675,054.35 462,615.06 866,995.91 13,524.39 0.00 0.00 7,284,197.89 0.007,284,197.890.00209 STUDEBAKER/OLIVER REVERTING GRANTS 901,557.59 0.00 6,531.95 1,557.51 0.00 0.00 896,583.15 0.00896,583.15200,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 134,336.38 0.00 4,881.75 31.22 0.00 0.00 129,485.85 0.00129,485.850.00211 DCI OPERATING FUND 540,634.16 30,573.13 208,649.34 905.42 0.00 0.00 363,463.37 0.00363,463.370.00212 DEPARTMENT OF COMMUNITY INVESTMENT 260,175.77 208,522.93 264,395.48 7.28 0.00 0.00 204,310.50 0.00204,310.500.00216 POLICE STATE SEIZURES 227,604.71 0.00 0.00 391.03 0.00 0.00 227,995.74 0.00227,995.740.00217 GIFT, DONATION, BEQUEST 706,558.31 1,055.00 469,424.98 1,553.49 0.00 0.00 239,741.82 0.00239,741.820.00218 POLICE CURFEW VIOLATIONS 13,132.39 12.50 0.00 22.54 0.00 0.00 13,167.43 0.0013,167.430.00219 UNSAFE BUILDING 514,056.49 21,144.21 38,310.25 889.66 0.00 0.00 497,780.11 0.00497,780.110.00220 LAW ENFORCEMENT CONTINUING EDUCATION 349,439.62 23,379.34 8,821.74 725.64 0.00 0.00 364,722.86 0.00364,722.860.00221 LANDLORD REGISTRATION 10,147.91 0.00 0.00 17.42 0.00 0.00 10,165.330.0010,165.330.00227 LOSS RECOVERY FUND 628,476.67 0.00 0.00 1,079.14 0.00 0.00 629,555.81 0.00629,555.810.00249 PUBLIC SAFETY L.O.I.T. 2,234,801.63 713,379.58 434,780.78 2,432.98 0.00 0.00 2,515,833.41 0.002,515,833.410.00251 LOCAL ROADS & STREETS 4,044,598.16 152,141.43 162,579.90 7,047.87 0.00 0.00 4,041,207.56 0.004,041,207.560.00257 LOIT 2016 SPECIAL DISTRIBUTION 617,923.33 0.00 59,210.01 994.70 0.00 0.00 559,708.02 0.00559,708.020.00258 HUMAN RIGHTS - FEDERAL GRANT 530,716.98 270.00 81,999.08 768.59 0.00 0.00 449,756.49 73,993.34523,749.830.00265 LOCAL ROAD & BRIDGE GRANT 330,769.34 0.00 0.00 567.91 0.00 0.00 331,337.25 0.00331,337.250.00273 MORRIS PAC/PALAIS ROYALE MARKETING 57,579.65 525.00 0.00 98.84 0.00 0.00 58,203.49 0.0058,203.490.00274 MORRIS PAC SELF-PROMOTION 101,899.31 15,358.00 0.00 174.86 0.00 0.00 117,432.17 0.00117,432.170.00280 POLICE BLOCK GRANTS 3,999.46 0.00 0.00 6.87 0.00 0.00 4,006.33 0.004,006.330.00289 HAZMAT 18,590.34 3,275.00 0.00 32.58 0.00 0.00 21,897.92 0.0021,897.920.00291 INDIANA RIVER RESCUE 186,935.72 31,445.20 298.47 325.43 0.00 0.00 218,407.88 0.00218,407.880.00292 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 101,113.91 9,700.00 455.53 177.99 0.00 0.00 110,536.37 0.00110,536.370.00295 COPS MORE GRANT 187,332.92 2,216.71 803.26 287.51 0.00 0.00 189,033.88 0.00189,033.880.00299 POLICE FEDERAL DRUG ENFORCEMENT 154,200.76 0.00 22,498.75 337.610.00 0.00 132,039.62 0.00132,039.620.00404 COUNTY OPTION INCOME TAX 12,508,267.04 1,018,220.83 562,116.6222,342.90 0.00 0.00 12,986,714.15 0.0012,986,714.15480,253.20408 ECONOMIC DEVELOPMENT INCOME TAX 15,611,433.79 1,321,095.50 304,958.48 25,415.60 0.00 0.00 16,652,986.41 0.0016,652,986.410.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 25,351.12 0.00 0.00 22.01 0.00 0.00 25,373.13 0.0025,373.13(480,253.20)655 PROJECT RELEAF 624,455.64 37,524.61 3,444.98 1,104.33 0.00 0.00 659,639.60 0.00659,639.600.00705 POLICE K-9 UNIT 2,339.46 0.00 0.00 4.02 0.00 0.00 2,343.48 0.002,343.480.00Total Special Revenue Funds66,616,529.93 4,723,514.97 4,769,009.70 111,852.84 0.00 0.00 66,682,888.04 73,993.3466,756,881.38200,000.00 Debt Service Fund312 2017 PARKS BOND DEBT SERVICE(435,698.45)0.00 0.00 162.01 0.00 0.00(435,536.44)0.00(435,536.44)0.00313 HALL OF FAME DEBT SERVICE 97,076.78 0.00 0.00 0.00 0.00 0.00 97,076.78 0.0097,076.780.00755 SB BUILDING CORPORATION 791,025.90 1,322,250.00 0.00 1,092.17 0.00 0.00 2,114,368.07 0.002,114,368.070.00757 2015 PARKS BOND DEBT SERVICE 560,430.77 63,643.87 0.00 397.22 0.00 0.00 624,471.86 0.00624,471.860.00760 EDDY ST. COMMONS DEBT SERVICE 3,452,907.73 649,375.00 0.00 747.73 0.00 0.00 4,103,030.46 0.004,103,030.460.00Capital Project Funds377 PROFESSIONAL SPORTS DEVELOPMENT(350,183.76)0.00 0.00 905.67 527,517.26 0.00 178,239.17 0.00178,239.170.00401 COVELESKI STADIUM CAPITAL 73,565.46 0.00 31,667.00 126.31 0.00 0.00 42,024.77 0.0042,024.770.00406 CUMULATIVE CAPITAL DEVELOPMENT 419,340.26 0.00 26,958.46 892.020.00 0.00 393,273.82 0.00393,273.820.00407 CUMULATIVE CAPITAL IMPROVEMENT 448,524.56 0.00 0.00 769.69 0.00 0.00 449,294.25 0.00449,294.250.00412 MAJOR MOVES CONSTRUCTION 2,777,600.08 252,525.92 193,371.12 4,768.76 0.00 0.00 2,841,523.64 0.002,841,523.642,781,424.34416 MORRIS PERFORMING ARTS CENTER CAPITAL 379,453.18 15,358.00 2,200.26 651.01 0.00 0.00 393,261.93 0.00393,261.930.00450 PALAIS ROYALE HISTORIC PRESERVATION 131,499.44 382.54 31,537.00226.62 0.00 0.00 100,571.60 0.00100,571.600.00451 2018 FIRE STATION #9 CAPITAL 2,936,648.78 0.00 253,919.50 4,924.14 0.00 0.00 2,687,653.42 0.002,687,653.420.00452 2018 TIF PARK BOND CAPITAL 10,397,699.54 0.00 1,182,107.12 17,788.37 0.00 0.00 9,233,380.79 0.009,233,380.790.00471 2017 PARKS BOND CAPITAL 12,489,379.41 0.00 610,252.50 21,294.81 0.00 0.00 11,900,421.72 0.0011,900,421.720.00677 HALL OF FAME CAPITAL FUND 426,281.84 0.00 0.00 731.87 0.00 0.00 427,013.71 0.00427,013.710.00750 EQUIPMENT / VEHICLE LEASING 2,942,044.25 0.00 377,475.86 2,991.30 0.00 0.00 2,567,559.69 0.002,567,559.690.00751 2015 PARKS BOND CAPITAL 471,687.11 0.00 24,200.11 149.19 0.00 0.00447,636.19 0.00447,636.190.00Month of: February 20192019-02 Monthly Cash Report3 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: February 2019753 SMART STREET BOND CAPITAL 68,842.83 0.00 0.00 17.54 0.00 0.00 68,860.37 0.0068,860.370.00759 EDDY ST COMMONS CAPITAL 7,650,244.25 0.00 472,519.77 6.55 0.00 0.00 7,177,731.03 0.007,177,731.030.00Total Capital & Debt Service Funds45,728,369.96 2,303,535.33 3,206,208.70 58,642.98 527,517.26 0.00 45,411,856.83 0.0045,411,856.832,781,424.34Enterprise Funds287 EMS CAPITAL 3,750,043.80 0.00 1,064.80 7,008.71 0.00 0.00 3,755,987.71 0.003,755,987.710.00288 EMS OPERATING 1,957,786.55 504,151.07 496,803.75 3,941.77 0.00 0.00 1,969,075.64 0.001,969,075.640.00600 CONSOLIDATED BUILDING DEPARTMENT 1,883,313.06 136,886.42 309,289.06 3,418.31 0.00 0.00 1,714,328.73 0.001,714,328.730.00601 PARKING GARAGES 1,273,665.64 66,959.75 110,033.73 1,955.23 0.00 0.00 1,232,546.89 0.001,232,546.890.00610 SOLID WASTE OPERATIONS 258,913.61 447,296.89 340,624.20 1,530.360.00 148,105.00 219,011.66 0.00219,011.660.00611 SOLID WASTE CAPITAL 192,425.56 0.00 147,805.35 99.63 148,105.00 0.00 192,824.84 0.00192,824.840.00620 WATER WORKS OPERATIONS 4,108,110.46 1,547,677.08 1,624,001.11 5,391.96 10,350.25 438,083.00 3,609,445.64 0.003,609,445.640.00622 WATER WORKS CAPITAL 2,129,901.44 10,232.20 2,992.50 3,877.72 270,083.00 0.00 2,411,101.86 0.002,411,101.860.00624 WATER WORKS CUSTOMER DEPOSIT 1,505,158.65 9,233.93 10,763.88 2,580.87 0.00 2,580.87 1,503,628.70 0.001,503,628.700.00625 WATER WORKS SINKING FUND 182,611.57 0.00 500.00 3,164.64 168,000.00 3,164.64 350,111.57 0.00350,111.570.00626 WATER WORKS BOND RESERVE 1,428,788.98 0.00 0.00 2,396.58 0.00 0.001,431,185.56 0.001,431,185.560.00629 WATER WORKS RESERVE - O & M 2,895,721.40 0.00 0.00 4,604.74 0.004,604.74 2,895,721.40 0.002,895,721.400.00640 SEWER REPAIR INSURANCE 2,047,110.99 54,321.37 19,061.43 3,547.120.00 0.00 2,085,918.05 0.002,085,918.050.00641 SEWAGE WORKS OPERATIONS 14,592,632.10 3,433,531.40 2,524,317.6030,487.20 9,263.44 1,073,400.00 14,468,196.54 0.0014,468,196.540.00642 SEWAGE WORKS CAPITAL 9,226,205.93 23,701.00 278,354.62 15,621.74425,000.00 0.00 9,412,174.05 0.009,412,174.050.00643 SEWAGE WORKS RESERVE - O & M 5,550,801.29 0.00 0.00 9,263.44 0.009,263.44 5,550,801.29 0.005,550,801.290.00649 SEWAGE WORKS BOND SINKING 1,615,028.89 0.00 550.00 1,759.36 648,400.00 0.00 2,264,638.25 0.002,264,638.250.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,204,245.69 0.00 0.00 0.00 0.00 0.00 4,204,245.69 0.004,204,245.690.00670 CENTURY CENTER 2,152,281.15 16,337.32 157,738.28 0.00 0.00 0.00 2,010,880.19 0.002,010,880.190.00671 CENTURY CENTER CAPITAL 858,456.15 0.00 0.00 988.36 0.00 0.00 859,444.51 0.00859,444.510.00672 CENTURY CENTER ENERGY SAVINGS 170,832.40 0.00 0.00 216.72 0.00 0.00 171,049.12 0.00171,049.120.00Total Enterprise Funds61,984,035.31 6,250,328.43 6,023,900.31 101,854.46 1,679,201.69 1,679,201.69 62,312,317.89 0.0062,312,317.890.00Internal Service Funds222 CENTRAL SERVICES 1,036,501.25 1,108,852.94 1,083,682.37 22.64 0.00 0.00 1,061,694.46 0.001,061,694.460.00224 CENTRAL SERVICES CAPITAL 154,648.39 0.00 0.00 265.59 0.00 0.00 154,913.98 0.00154,913.980.00226 LIABILITY INSURANCE 3,890,238.74 385,835.77 317,033.19 6,209.05 0.00 0.00 3,965,250.37 0.003,965,250.370.00278 TAKE HOME VEHICLE POLICE 752,348.51 320.00 0.00 1,291.75 0.00 0.00753,960.26 0.00753,960.260.00279 IT / INNOVATION / 311 CALL CENTER 2,348,811.91 672,917.84 580,030.96 1,637.21 0.00 0.00 2,443,336.00 0.002,443,336.000.00711 SELF-FUNDED EMPLOYEE BENEFITS 11,600,929.56 1,101,505.69 1,590,304.00 22,587.91 0.00 0.00 11,134,719.16 0.0011,134,719.160.00713 UNEMPLOYMENT COMP FUND 209,392.13 0.00 3,333.06 359.50 0.00 0.00 206,418.57 0.00206,418.570.00714 PARENTAL LEAVE FUND 51,994.81 12,393.97 14,636.26 91.31 0.00 0.00 49,843.83 0.0049,843.830.00Total Internal Service Funds20,044,865.30 3,281,826.21 3,589,019.84 32,464.96 0.00 0.00 19,770,136.63 0.0019,770,136.630.00Trust & Agency Funds701 FIREFIGHTERS PENSION (50,467.72)0.00 377,845.71 429.32 0.00 0.00(427,884.11)0.00(427,884.11)0.00702 POLICE PENSION 435,450.91 834.29 557,893.37 1,443.30 0.00 0.00(120,164.87)0.00(120,164.87)0.00709 PAYROLL FUND (866,287.41)8,929,798.20 8,063,510.79 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 245,469.01 314,834.44 245,469.01 0.00 0.00 0.00 314,834.44 0.00314,834.440.00725 MORRIS / PALAIS BOX OFFICE 2,316,353.27 0.00 111,711.82 0.00 0.000.00 2,204,641.45 0.002,204,641.450.00726 POLICE DISTRIBUTIONS PAYABLE 838,526.17 2,047.00 0.00 0.00 0.00 0.00 840,573.17 0.00840,573.170.00730 CITY CEMETERY TRUST 29,037.84 0.00 0.00 49.86 0.00 0.00 29,087.70 0.0029,087.700.00731 BOWMAN CEMETERY 456,803.40 0.00 0.00 784.26 0.00 0.00 457,587.66 0.00457,587.660.00Total Trust & Agency Funds3,404,885.47 9,247,513.93 9,356,430.70 2,706.74 0.00 0.00 3,298,675.44 0.003,298,675.440.00Total City Funds233,190,114.54 27,189,557.08 31,475,594.85 365,583.19 2,206,718.95 1,679,201.69 229,797,177.22 73,993.34 229,871,170.56 2,981,424.342019-02 Monthly Cash Report4 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: February 2019Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 26,915,190.71 374,660.00 1,010,643.50 49,539.25 4,757.54 0.00 26,333,504.00 0.0026,333,504.00(200,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,804,476.37 0.00 19,380.00 3,097.50 0.00 0.00 1,788,193.87 0.001,788,193.870.00425 REDEVELOPMENT RETAIL AREA 8,555.09 0.00 0.00 13.69 0.00 0.00 8,568.78 0.008,568.780.00429 TIF RIVER EAST DEV (NE) 10,999,774.40 0.00 0.00 18,856.09 0.00 0.00 11,018,630.49 0.0011,018,630.490.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 9,044,421.71 0.00 77,956.92 15,607.60 0.00 0.00 8,982,072.39 0.008,982,072.390.00435 TIF DOUGLAS ROAD 204,692.33 0.00 0.00 351.42 0.00 0.00 205,043.75 0.00205,043.750.00436 TIF RIVER EAST RES (NE RE) 1,111,245.33 0.00 246,664.00 4,845.73 0.00 0.00 869,427.06 0.00869,427.06(2,781,424.34)Total Tax Increment Financing Funds50,088,355.94 374,660.00 1,354,644.42 92,311.28 4,757.54 0.00 49,205,440.34 0.0049,205,440.34(2,981,424.34)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 616,882.40 0.00 0.00 1,059.10 0.00 0.00 617,941.50 0.00617,941.500.00439 CERTIFIED TECHNOLOGY PARK 625,306.13 0.00 0.00 1,073.56 0.00 0.00 626,379.69 0.00626,379.690.00454 AIRPORT URBAN ENTERPRISE ZONE 394,346.26 0.00 0.00 677.04 0.00 0.00 395,023.30 0.00395,023.300.00754 INDUSTRIAL REVOLVING FUND 1,632,491.00 0.00 0.00 0.00 0.00 0.00 1,632,491.00 0.001,632,491.000.00Total Redevelopment Funds3,269,025.79 0.00 0.00 2,809.70 0.00 0.00 3,271,835.49 0.003,271,835.490.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 1,780.61 0.00 1,780.61 1,040,462.24 0.001,040,462.240.00317 COVELESKI BOND DEBT RESERVE 527,517.26 0.00 0.00 0.00 0.00 527,517.26 0.00 0.000.000.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 2,976.93 0.00 2,976.93 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 995,250.58 0.00 0.00 1,708.70 0.00 0.00 996,959.28 0.00996,959.280.00752 SB REDEVELOPMENT AUTHORITY 210,492.04 1,233,878.13 0.00 387.97 0.00 0.00 1,444,758.14 0.001,444,758.140.00756 SMARTS STREETS DEBT SERVICE 1,726,790.10 857,500.00 0.00 439.96 0.00 0.00 2,584,730.06 0.002,584,730.060.00Total Debt Service Funds6,240,007.08 2,091,378.13 0.00 7,294.17 0.00 532,274.80 7,806,404.58 0.007,806,404.580.00Total Redevelopment Commission Funds59,597,388.81 2,466,038.13 1,354,644.42 102,415.15 4,757.54 532,274.80 60,283,680.41 0.00 60,283,680.41(2,981,424.34)City Operations Total292,787,503.35 29,655,595.21 32,830,239.27 467,998.34 2,211,476.49 2,211,476.49 290,080,857.63 73,993.34 290,154,850.97 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 Account184,748,270.45 273,807.21 0.00 88,974.72 0.00 267,613.86 184,843,438.52 184,843,438.522019-02 Monthly Cash Report5 City of South BendCash Reserves Summary by Fund Status Cash ActualFund Fund NameCash Outstanding AvailableReserve % ofBalance Encumb. Cash Requirement Variance Budget Notes Cash Reserve PolicyUnder Reserve Requirement201 Parks & Recreation 6,217,068 5,855,413 361,655 5,444,236 (5,082,581) 2% Property tax distribution received in June & Dec25% of Annual expenditures211 DCI Administration Fund 363,463 117,537 245,926 788,167 (542,241) 8% Receives quarterly interfund transfers to cover25% of Annual expenditures222 Central Services 1,061,694 33,383 1,028,311 1,197,546 (169,235) 21% Just under reserve target25% of Annual expenditures, excluding utility accounting406 Cumulative Capital Development 393,274 353,094 40,180 204,530 (164,350) 5% Encumbrances reflect total annual debt payments25% of Annual expenditures436 River East Residential (Ne Res TIF) 869,427 - 869,427 1,068,750 (199,323) 20% Property tax distribution received in June & Dec25% of Annual expenditures610 Solid Waste Operations 219,012 638,460 (419,449) 552,998 (972,447) -8% High encumbrances10% of Annual expenditures701 Firefighters Pension (427,884) - (427,884) 511,246 (939,130) -8% Pension payments received in June & Sept10% of Annual expenditures702 Police Pension (120,165) - (120,165) 635,590 (755,755) -2% Pension payments received in June & Sept10% of Annual expenditures8,575,889 6,997,889 1,578,001 10,403,063 (8,825,062) Meets or Exceeds Requirement101 General Fund 32,321,302 1,262,247 31,059,055 22,934,842 8,124,213 47% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day Fund 10,501,478 - 10,501,478 9,142,632 1,358,846 3%3% of total expenditures in previous fiscal year, excluding one-time capital expenditures202 Motor Vehicle Highway 7,284,198 1,437,988 5,846,210 3,829,557 2,016,653 38%25% of Annual expenditures216 Police State Seizures 227,996 - 227,996 8,000 219,996 712%25% of Annual expenditures218 Police Curfew Violations 13,167 - 13,167 250 12,917 1317%25% of Annual expenditures219 Unsafe Building 497,780 186,995 310,785 260,859 49,926 30%25% of Annual expenditures220 Law Enforce. Continuing Education 364,723 15,773 348,950 129,387 219,563 67%25% of Annual expenditures226 Liability Insurance 3,965,250 382,728 3,582,522 2,078,828 1,503,694 86%50% of Annual expenditures249 Public Safety L.O.I.T. 2,515,833 - 2,515,833 685,324 1,830,509 29% 8% of Annual expenditures - one month reserve251 Local Roads & Streets 4,041,208 1,074,946 2,966,261 1,733,678 1,232,583 43%25% of Annual expenditures258 Human Rights - Federal Grant 523,750 18,320 505,429 58,747 446,682 215%25% of Annual expenditures273 Morris PAC/Palais Royale Marketing 58,203 - 58,203 7,500 50,703 194%25% of Annual expenditures274 Morris PAC/Self-Promotion 117,432 - 117,432 18,750 98,682 157%25% of Annual expenditures278 Take Home Vehicle Police 753,960 - 753,960 750,000 3,960 1508%Set dollar amount of $750,000287 EMS Capital 3,755,988 1,469,398 2,286,590 875,569 1,411,021 65%25% of Annual expenditures288 EMS Operating 1,969,076 121,171 1,847,905 1,607,667 240,238 29%25% of Annual expenditures289 HAZMAT 21,898 - 21,898 2,618 19,280 209%25% of Annual expenditures291 Indiana River Rescue 218,408 956 217,452 27,580 189,872 197%25% of Annual expenditures294 Regional Police Academy 110,536 - 110,536 5,625 104,911 491%25% of Annual expenditures299 Police Federal Drug Enforcement 132,040 - 132,040 12,750 119,290 259%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 - - - - - 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) 26,333,504 8,878,088 17,455,416 10,871,238 6,584,178 40%25% of Annual expenditures351 2018 TIF Park Bond Debt Svc Reserve 996,959 - 996,959 - 996,959 100% 100% debt service reserve per bond covenants404 County Option Income Tax 12,986,714 2,977,703 10,009,011 7,472,727 2,536,284 67%50% of Annual expenditures407 Cumulative Capital Improvement 449,294 - 449,294 7,000 442,294 1605%25% of Annual expenditures408 Economic Development Income Tax 16,652,986 4,467,381 12,185,606 7,085,351 5,100,255 86%50% of Annual expenditures416 Morris Performing Arts Center Capital 393,262 21,484 371,778 56,366 315,412 165%25% of Annual expenditures422 TIF District - West Washington 1,788,194 775,272 1,012,922 423,783 589,139 60%25% of Annual expenditures425 Redevelopment Retail Area 8,569 - 8,569 - 8,569 100%25% of Annual expenditures429 River East Dev TIF (Northeast TIF) 11,018,630 5,097,589 5,921,041 3,050,496 2,870,545 49%25% of Annual expenditures430 TIF Southside Development Area #1 8,982,072 1,413,420 7,568,653 2,588,182 4,980,471 73%25% of Annual expenditures433 Redev Administration General 617,942 - 617,942 268,500 349,442 58%25% of Annual expenditures435 TIF - Douglas Road 205,044 - 205,044 20,800 184,244 99%10% of Annual expenditures450 Palais Royale Historic Preservation 100,572 5,430 95,142 27,992 67,150 85%25% of Annual expenditures600 Consolidated Building Department 1,714,329 258,804 1,455,525 1,192,076 263,449 31%25% of Annual expenditures601 Parking Garages 1,232,547 43,756 1,188,791 476,646 712,145 62%25% of Annual expenditures620 Water Works Operations 3,609,446 1,688,037 1,921,409 1,140,646 780,763 8%5% of Annual expenditures624 Water Works Customer Deposit 1,503,629 - 1,503,629 1,503,629 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 350,112 2,014,541 (1,664,430) (1,664,430) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants626 Water Works Bond Reserve 1,431,186 - 1,431,186 1,431,186 - 100%100% cash reserves per bond covenants and Crowe Horwath629 Water Works Reserve - O & M 2,895,721 - 2,895,721 2,879,222 16,499 17%16.67% of annual operating expenses in Fund 620, net of transfers640 Sewer Repair Insurance 2,085,918 144,410 1,941,508 165,797 1,775,711 293%25% of Annual expenditures641 Sewage Works Operations 14,468,197 5,693,377 8,774,820 2,307,147 6,467,673 19%5% of Annual expenditures643 Sewage Works Reserve - O & M 5,550,801 - 5,550,801 5,537,667 13,134 17% 16.67% of annual operating expenses in Fund 641, net of transfers649 Sewage Works Bond Sinking 2,264,638 7,772,676 (5,508,037) (5,508,037) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenantsFebruary 28, 20192019-02 Monthly Cash Report6 City of South BendCash Reserves Summary by Fund Status Cash ActualFund Fund NameCash Outstanding AvailableReserve % ofBalance Encumb. Cash Requirement Variance Budget Notes Cash Reserve PolicyFebruary 28, 2019653 Sewage Works Debt Service Reserve 4,204,246 - 4,204,246 4,204,246 - 100%100% cash reserves per bond covenants and Crowe Horwath655 Project Releaf 659,640 - 659,640 168,741 490,899 98%25% of Annual expenditures670 Century Center 2,010,880 43,276 1,967,604 1,127,471 840,133 44%25% of Annual expenditures671 Century Center Capital 859,445 - 859,445 800,000 59,445 4297%$800,000 Minimum per Board of Managers705 Police K-9 Unit 2,343 - 2,343 505 1,838 116%25% of Annual expenditures711 Self-Funded Employee Benefits 11,134,719 1,329,065 9,805,654 4,155,747 5,649,907 59%25% of Annual expenditures713 Unemployment Comp Fund 206,419 - 206,419 17,500 188,919 295%25% of Annual expenditures714 Parental Leave Fund 49,844 - 49,844 38,924 10,920 32%25% of Annual expenditures718 State Tax Withholding Fund 314,834 - 314,834 314,834 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 2,204,641 - 2,204,641 2,204,641 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 840,573 - 840,573 840,573 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 29,088 - 29,088 - 29,088 100%25% of Annual expenditures731 Bowman Cemetery 457,588 - 457,588 400,000 57,588 100%$400,000 minimum752 South Bend Redevelopment Authority 1,444,758 - 1,444,758 1,444,758 - 100%100% cash reserves per bond covenants753 Smart Street Bond Capital 68,860 - 68,860 68,860 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 2,114,368 - 2,114,368 2,114,368 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 2,584,730 - 2,584,730 2,584,730 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 624,472 - 624,472 624,472 - 100%100% cash reserves per bond covenants760 Eddy St. Commons Debt Service 4,103,030 - 4,103,030 2,500,000 1,603,030 316%$2,500,000 minimum223,728,927 48,594,830 175,134,096 111,894,474 63,239,622 No Reserve Requirement209 Studebaker/Oliver Revitalizing Grants 896,583 203,669 692,914 - 692,914 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 129,486 206,710 (77,224) - (77,224) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Grant Fund 204,311 2,417,341 (2,213,031) - (2,213,031) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 239,742 28,883 210,859 - 210,859 100%No reserve requirement221 Landlord Registration 10,165 - 10,165 - 10,165 100%No reserve requirement224 Central Services Capital 154,914 17,607 137,307 - 137,307 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 629,556 47,506 582,050 - 582,050 100%No reserve requirement257 LOIT 2016 Special Distribution 559,708 654,417 (94,709) - (94,709) 100% High encumbrancesNo reserve requirement265 Local Road & Bridge Grant 331,337 83,291 248,047 - 248,047 100%No reserve requirement - Grant fund - spend down to zero279 IT / Innovation / 311 Call Center 2,443,336 1,593,316 850,020 - 850,020 100% Reimbursed through interfund allocationNo reserve requirement280 Police Block Grants 4,006 - 4,006 - 4,006 100%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 189,034 45,054 143,980 - 143,980 100%No reserve requirement - Grant fund - spend down to zero312 2017 Parks Bond Debt Service(435,536) 597,758 (1,033,294) - (1,033,294) 100% Property tax distribution received in June & DecNo reserve requirement313 Hall of Fame Debt Service 97,077 - 97,077 - 97,077 100%No reserve requirement377 Professional Sports Development 178,239 - 178,239 - 178,239 100% Interfund transfer will cover in FebruaryNo reserve requirement401 Coveleski Stadium Capital 42,025 32,955 9,070 - 9,070 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 25,373 - 25,373 - 25,373 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,841,524 1,165,864 1,675,659 - 1,675,659 100%No reserve requirement - Capital fund - spend down to zero439 Certified Technology Park 626,380 - 626,380 - 626,380 100%No reserve requirement451 2018 Fire St #9 Capital 2,687,653 2,406,331 281,322 - 281,322 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 9,233,381 2,388,531 6,844,849 - 6,844,849 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 395,023 - 395,023 - 395,023 100%No reserve requirement471 2017 Parks Bond Capital 11,900,422 2,307,948 9,592,474 - 9,592,474 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 192,825 628,745 (435,921) - (435,921) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 2,411,102 177,121 2,233,981 - 2,233,981 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 9,412,174 8,987,864 424,310 - 424,310 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings 171,049 415,424 (244,375) - (244,375) 100% Encumbrances = total 2019 debt paymentsNo reserve requirement677 Hall of Fame Capital Fund 427,014 3,514 423,500 - 423,500 100%No reserve requirement - Capital fund - spend down to zero750 Equipment/Vehicle Leasing 2,567,560 952,712 1,614,847 - 1,614,847 100% No reserve requirement - Capital lease fund - spend down to zero751 2015 Parks Bond Capital 447,636 278,456 169,180 - 169,180 100% No reserve requirement - Bond capital fund - spend down to zero754 Industrial Revolving Fund 1,632,491 - 1,632,491 - 1,632,491 100%No City reserve requirement; there are program requirements759 Eddy St Commons Capital 7,177,731 - 7,177,731 - 7,177,731 100%No reserve requirement - Bond capital fund - spend down to zero57,850,035 25,641,017 32,209,016 - 32,209,016 City Operations Total 290,154,851 81,233,735 208,921,113 122,297,537 86,623,576 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrances2019-02 Monthly Cash Report7 January 1, 2007 - February 28, 2019 $329,782,565 6/30/2018 $122,056,198 5/31/2007 $213,677,149 -- $294,873,232 -- 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 2019-02 Monthly Cash Report 8 January 1, 2007 - February 28, 2019 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 12/31/18 309,811,785.05 63,399,519.22 66,695,748.11 179,716,517.72 01/31/19 292,787,503.35 61,984,035.31 59,597,388.81 171,206,079.23 02/28/19 290,154,850.97 62,312,317.89 60,283,680.41 167,558,852.67 2019-02 Monthly Cash Report 9 $83,296,822 1/31/2013 $28,657,187 1/1/2007 $58,362,777 -- $63,078,874 -- 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 12/31/18 63,399,519.22 07/31/10 42,020,069.17 10/31/14 70,431,027.92 01/31/19 61,984,035.31 08/31/10 40,331,826.60 11/30/14 64,909,392.12 02/28/19 62,312,317.89 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 - February 28, 2019 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 2019-02 Monthly Cash Report 10 $81,992,643 6/30/2018 $26,731,149 1/31/2009 $49,713,822 -- $66,354,427 -- 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 12/31/18 66,695,748.11 07/31/10 55,401,804.58 10/31/14 54,196,891.83 01/31/19 59,597,388.81 08/31/10 53,423,401.23 11/30/14 54,554,819.33 02/28/19 60,283,680.41 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 - February 28, 2019 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 2019-02 Monthly Cash Report 11 $185,010,338 6/30/2018 $53,052,887 5/31/2007 $105,729,515 -- $165,822,218 -- 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 12/31/18 179,716,517.72 07/31/10 119,642,649.15 10/31/14 101,285,566.72 01/31/19 171,206,079.23 08/31/10 116,632,252.40 11/30/14 97,119,208.93 02/28/19 167,558,852.67 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 - February 28, 2019 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 2019-02 Monthly Cash Report 12