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2019-03 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 March 31, 2019 Controller City of South Bend Monthly Cash Report 2019-03 Monthly Cash Report 1 March 2019 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 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. The Park Department received $1,000,000 from the Judd Leighton Foundation for the Howard Park renovation project. 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. 2019-03 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 $32,321,302.39 $2,023,431.51 $4,746,633.50 $55,683.62 $0.00 $152,013.00 $29,501,771.02 $0.00$29,501,771.02$0.00Special Revenue Funds102 RAINY DAY FUND 10,501,477.50 0.00 0.00 17,398.00 0.00 0.00 10,518,875.50 0.0010,518,875.500.00201 PARKS & RECREATION 6,217,068.02 1,193,279.58 937,336.89 11,203.34 100,000.00 0.00 6,584,214.05 0.006,584,214.050.00202 MOTOR VEHICLE HIGHWAY 7,284,197.89 590,742.59 831,277.48 12,631.95 946,937.50 625,000.00 7,378,232.45 0.007,378,232.450.00209 STUDEBAKER/OLIVER REVERTING GRANTS 896,583.15 0.00 12,072.72 1,491.81 0.00 0.00 886,002.24 0.00886,002.24200,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 129,485.85 16,706.48 22,884.36 1,513.94 0.00 0.00 124,821.91 0.00124,821.910.00211 DCI OPERATING FUND 363,463.37 11,067.50 220,637.08 784.57 587,658.25 0.00 742,336.61 0.00742,336.610.00212 DEPARTMENT OF COMMUNITY INVESTMENT 204,310.50 222,402.93 159,807.94 376.79 0.00 0.00 267,282.28 0.00267,282.280.00216 POLICE STATE SEIZURES 227,995.74 975.78 0.00 377.72 0.00 0.00 229,349.24 0.00229,349.240.00217 GIFT, DONATION, BEQUEST 239,741.82 552.00 19,199.28 497.38 0.00 0.00 221,591.92 0.00221,591.920.00218 POLICE CURFEW VIOLATIONS 13,167.43 0.00 0.00 21.81 0.00 0.00 13,189.24 0.0013,189.240.00219 UNSAFE BUILDING 497,780.11 17,787.83 62,278.15 846.02 170,372.75 0.00 624,508.56 0.00624,508.560.00220 LAW ENFORCEMENT CONTINUING EDUCATION 364,722.86 45,258.87 34,903.67 582.86 0.00 0.00 375,660.92 0.00375,660.920.00221 LANDLORD REGISTRATION 10,165.33 0.00 0.00 16.84 0.00 0.00 10,182.170.0010,182.170.00227 LOSS RECOVERY FUND 629,555.81 0.00 24,696.89 1,043.00 0.00 0.00 605,901.92 0.00605,901.920.00249 PUBLIC SAFETY L.O.I.T. 2,515,833.41 713,379.58 466,322.97 3,703.22 0.00 0.00 2,766,593.24 0.002,766,593.240.00251 LOCAL ROADS & STREETS 4,041,207.56 164,395.79 15,100.00 6,706.74625,000.00 0.00 4,822,210.09 0.004,822,210.090.00257 LOIT 2016 SPECIAL DISTRIBUTION 559,708.02 0.00 66,823.20 980.52 0.00 0.00 493,865.34 0.00493,865.340.00258 HUMAN RIGHTS - FEDERAL GRANT 523,749.83 5,905.00 82,127.43 747.23 0.00 0.00 448,274.63 73,993.34522,267.970.00265 LOCAL ROAD & BRIDGE GRANT 331,337.25 0.00 797.50 548.93 0.00 0.00 331,088.68 0.00331,088.680.00273 MORRIS PAC/PALAIS ROYALE MARKETING 58,203.49 7,000.00 0.00 95.640.00 0.00 65,299.13 0.0065,299.130.00274 MORRIS PAC SELF-PROMOTION 117,432.17 16,388.00 0.00 174.31 0.00 0.00 133,994.48 0.00133,994.480.00280 POLICE BLOCK GRANTS 4,006.33 0.00 0.00 6.64 0.00 0.00 4,012.97 0.004,012.970.00289 HAZMAT 21,897.92 6,075.00 0.00 35.70 0.00 0.00 28,008.62 0.0028,008.620.00291 INDIANA RIVER RESCUE 218,407.88 6,620.00 1,845.30 336.63 0.00 0.00223,519.21 0.00223,519.210.00292 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 110,536.37 1,375.00 925.42 178.13 0.00 0.00 111,164.08 0.00111,164.080.00295 COPS MORE GRANT 189,033.88 955.80 780.00 312.11 0.00 0.00 189,521.79 0.00189,521.790.00299 POLICE FEDERAL DRUG ENFORCEMENT 132,039.62 0.00 0.00 304.78 0.00 0.00 132,344.40 0.00132,344.400.00404 COUNTY OPTION INCOME TAX 12,986,714.15 1,019,480.83 573,580.2221,051.52 0.00 1,191,082.25 12,262,584.03 0.0012,262,584.03480,253.20408 ECONOMIC DEVELOPMENT INCOME TAX 16,652,986.41 966,435.50 370,575.20 26,062.99 0.00 1,350,522.50 15,924,387.20 0.0015,924,387.200.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 25,373.13 0.00 0.00 42.05 0.00 0.00 25,415.18 0.0025,415.18(480,253.20)655 PROJECT RELEAF 659,639.60 37,955.10 3,390.86 1,068.80 0.00 137,500.00 557,772.64 0.00557,772.640.00705 POLICE K-9 UNIT 2,343.48 0.00 0.00 3.88 0.00 0.00 2,347.36 0.002,347.360.00Total Special Revenue Funds66,756,881.38 5,044,739.16 3,907,362.56 111,145.85 2,429,968.50 3,304,104.75 67,131,267.58 73,993.3467,205,260.92200,000.00 Debt Service Fund312 2017 PARKS BOND DEBT SERVICE(435,536.44)0.00 0.00 0.00 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 2,114,368.07 0.00 1,435,118.75 2,438.35 0.00 0.00 681,687.67 0.00681,687.670.00757 2015 PARKS BOND DEBT SERVICE 624,471.86 31,756.77 192,190.63 480.37 0.00 0.00 464,518.37 0.00464,518.370.00760 EDDY ST. COMMONS DEBT SERVICE 4,103,030.46 0.00 649,375.00 917.32 0.00 0.00 3,454,572.78 0.003,454,572.780.00Capital Project Funds377 PROFESSIONAL SPORTS DEVELOPMENT 178,239.17 0.00 0.00 294.96 0.00 0.00 178,534.13 0.00178,534.130.00401 COVELESKI STADIUM CAPITAL 42,024.77 0.00 0.00 87.23 0.00 0.00 42,112.00 0.0042,112.000.00406 CUMULATIVE CAPITAL DEVELOPMENT 393,273.82 0.00 0.00 694.52 0.00 0.00 393,968.34 0.00393,968.340.00407 CUMULATIVE CAPITAL IMPROVEMENT 449,294.25 0.00 0.00 744.36 0.00 0.00 450,038.61 0.00450,038.610.00412 MAJOR MOVES CONSTRUCTION 2,841,523.64 6,490.60 50,465.10 4,750.63 0.00 0.00 2,802,299.77 0.002,802,299.772,781,424.34416 MORRIS PERFORMING ARTS CENTER CAPITAL 393,261.93 16,471.30 3,895.00 633.46 0.00 0.00 406,471.69 0.00406,471.690.00450 PALAIS ROYALE HISTORIC PRESERVATION 100,571.60 913.96 0.00 199.77 0.00 0.00 101,685.33 0.00101,685.330.00451 2018 FIRE STATION #9 CAPITAL 2,687,653.42 0.00 10,220.00 4,723.10 0.00 0.00 2,682,156.52 0.002,682,156.520.00452 2018 TIF PARK BOND CAPITAL 9,233,380.79 0.00 204,661.18 16,935.38 0.00 0.00 9,045,654.99 0.009,045,654.990.00471 2017 PARKS BOND CAPITAL 11,900,421.72 0.00 121,028.50 20,530.52 0.00 0.00 11,799,923.74 0.0011,799,923.740.00677 HALL OF FAME CAPITAL FUND 427,013.71 0.00 427,721.15 707.44 0.00 0.00 0.00 0.000.000.00750 EQUIPMENT / VEHICLE LEASING 2,567,559.69 0.00 432,094.69 3,128.49 0.00 0.00 2,138,593.49 0.002,138,593.490.00751 2015 PARKS BOND CAPITAL 447,636.19 0.00 49,231.85 118.63 0.00 0.00398,522.97 0.00398,522.970.00Month of: March 20192019-03 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: March 2019753 SMART STREET BOND CAPITAL 68,860.37 0.00 0.00 17.54 0.00 0.00 68,877.91 0.0068,877.910.00759 EDDY ST COMMONS CAPITAL 7,177,731.03 0.00 241,773.37 6.55 0.00 0.00 6,935,964.21 0.006,935,964.210.00Total Capital & Debt Service Funds45,411,856.83 55,632.63 3,817,775.22 57,408.62 0.00 0.00 41,707,122.86 0.0041,707,122.862,781,424.34Enterprise Funds287 EMS CAPITAL 3,755,987.71 0.00 33,246.52 6,222.55 136,423.75 0.00 3,865,387.49 0.003,865,387.490.00288 EMS OPERATING 1,969,075.64 558,260.76 535,757.74 4,426.25 247,234.00 0.00 2,243,238.91 0.002,243,238.910.00600 CONSOLIDATED BUILDING DEPARTMENT 1,714,328.73 123,466.90 316,186.21 3,040.25 632,227.25 39,735.75 2,117,141.17 0.002,117,141.170.00601 PARKING GARAGES 1,232,546.89 119,025.00 161,832.08 2,084.59 0.00 0.00 1,191,824.40 0.001,191,824.400.00610 SOLID WASTE OPERATIONS 219,011.66 439,393.74 304,947.73 628.74 0.00 0.00 354,086.41 0.00354,086.410.00611 SOLID WASTE CAPITAL 192,824.84 0.00 169.21 336.41 0.00 0.00 192,992.04 0.00192,992.040.00620 WATER WORKS OPERATIONS 3,609,445.64 1,576,938.22 1,221,794.76 5,419.03 7,856.10 438,083.00 3,539,781.23 0.003,539,781.230.00622 WATER WORKS CAPITAL 2,411,101.86 3,785.58 3.71 3,943.69 270,083.00 0.00 2,688,910.42 0.002,688,910.420.00624 WATER WORKS CUSTOMER DEPOSIT 1,503,628.70 7,586.64 13,887.13 2,496.56 0.00 2,496.56 1,497,328.21 0.001,497,328.210.00625 WATER WORKS SINKING FUND 350,111.57 0.00 0.00 554.58 168,000.00 554.58 518,111.57 0.00518,111.570.00626 WATER WORKS BOND RESERVE 1,431,185.56 0.00 0.00 2,438.41 0.00 0.001,433,623.97 0.001,433,623.970.00629 WATER WORKS RESERVE - O & M 2,895,721.40 0.00 0.00 4,804.96 0.004,804.96 2,895,721.40 0.002,895,721.400.00640 SEWER REPAIR INSURANCE 2,085,918.05 55,380.70 68,050.49 3,432.110.00 0.00 2,076,680.37 0.002,076,680.370.00641 SEWAGE WORKS OPERATIONS 14,468,196.54 3,299,163.70 1,869,756.5925,661.58 59,211.07 1,073,400.00 14,909,076.30 0.0014,909,076.300.00642 SEWAGE WORKS CAPITAL 9,412,174.05 9,274.50 31,047.90 15,224.70 425,000.00 0.00 9,830,625.35 0.009,830,625.350.00643 SEWAGE WORKS RESERVE - O & M 5,550,801.29 0.00 0.00 9,211.07 0.009,211.07 5,550,801.29 0.005,550,801.290.00649 SEWAGE WORKS BOND SINKING 2,264,638.25 0.00 0.00 2,793.95 648,400.00 0.00 2,915,832.20 0.002,915,832.200.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,204,245.69 0.00 0.00 15,673.91 0.00 0.00 4,219,919.60 0.004,219,919.600.00670 CENTURY CENTER 2,010,880.19 97,340.70 113,430.00 0.00 0.00 0.00 1,994,790.89 0.001,994,790.890.00671 CENTURY CENTER CAPITAL 859,444.51 0.00 0.00 1,095.58 0.00 0.00 860,540.09 0.00860,540.090.00672 CENTURY CENTER ENERGY SAVINGS 171,049.12 0.00 0.00 210.84 0.00 0.00 171,259.96 0.00171,259.960.00Total Enterprise Funds62,312,317.89 6,289,616.44 4,670,110.07 109,699.76 2,594,435.17 1,568,285.92 65,067,673.27 0.0065,067,673.270.00Internal Service Funds222 CENTRAL SERVICES 1,061,694.46 1,135,434.38 1,059,375.74 1,039.180.00 0.00 1,138,792.28 0.001,138,792.280.00224 CENTRAL SERVICES CAPITAL 154,913.98 0.00 12,535.00 256.64 0.00 0.00 142,635.62 0.00142,635.620.00226 LIABILITY INSURANCE 3,965,250.37 327,601.00 395,387.05 6,347.49 0.00 0.00 3,903,811.81 0.003,903,811.810.00278 TAKE HOME VEHICLE POLICE 753,960.26 312.86 0.00 1,248.82 0.00 0.00755,521.94 0.00755,521.940.00279 IT / INNOVATION / 311 CALL CENTER 2,443,336.00 744,493.75 532,392.29 3,444.40 0.00 0.00 2,658,881.86 0.002,658,881.860.00711 SELF-FUNDED EMPLOYEE BENEFITS 11,134,719.16 1,087,842.89 1,791,535.44 19,577.89 0.00 0.00 10,450,604.50 0.0010,450,604.500.00713 UNEMPLOYMENT COMP FUND 206,418.57 0.00 6,319.83 344.53 0.00 0.00 200,443.27 0.00200,443.270.00714 PARENTAL LEAVE FUND 49,843.83 12,210.12 11,878.89 83.36 0.00 0.00 50,258.42 0.0050,258.420.00Total Internal Service Funds19,770,136.63 3,307,895.00 3,809,424.24 32,342.31 0.00 0.00 19,300,949.70 0.0019,300,949.700.00Trust & Agency Funds701 FIREFIGHTERS PENSION (427,884.11)12,000.00 377,610.47 0.00 0.00 0.00(793,494.58)0.00(793,494.58)0.00702 POLICE PENSION (120,164.87)886.64 629,722.40 635.50 0.00 0.00(748,365.13)0.00(748,365.13)0.00709 PAYROLL FUND 0.00 8,132,368.71 8,132,368.71 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 314,834.44 281,458.36 314,834.44 0.00 0.00 0.00 281,458.36 0.00281,458.360.00725 MORRIS / PALAIS BOX OFFICE 2,204,641.45 0.00 437,534.55 0.00 0.000.00 1,767,106.90 0.001,767,106.900.00726 POLICE DISTRIBUTIONS PAYABLE 840,573.17 0.00 329.00 0.00 0.00 0.00840,244.17 0.00840,244.170.00730 CITY CEMETERY TRUST 29,087.70 0.00 0.00 48.19 0.00 0.00 29,135.89 0.0029,135.890.00731 BOWMAN CEMETERY 457,587.66 0.00 0.00 758.09 0.00 0.00 458,345.75 0.00458,345.750.00Total Trust & Agency Funds3,298,675.44 8,426,713.71 9,892,399.57 1,441.78 0.00 0.00 1,834,431.36 0.001,834,431.360.00Total City Funds229,871,170.56 25,148,028.45 30,843,705.16 367,721.94 5,024,403.67 5,024,403.67 224,543,215.79 73,993.34 224,617,209.13 2,981,424.342019-03 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: March 2019Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 26,333,504.00 0.00 285,142.31 41,719.19 4,613.22 0.00 26,094,694.10 0.0026,094,694.10(200,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,788,193.87 0.00 0.00 2,983.17 0.00 0.00 1,791,177.04 0.001,791,177.040.00425 REDEVELOPMENT RETAIL AREA 8,568.78 86.31 0.00 12.77 0.00 0.00 8,667.86 0.008,667.860.00429 TIF RIVER EAST DEV (NE) 11,018,630.49 0.00 437,455.00 18,254.79 0.00 0.00 10,599,430.28 0.0010,599,430.280.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 8,982,072.39 0.00 18,800.00 14,988.03 0.00 0.00 8,978,260.42 0.008,978,260.420.00435 TIF DOUGLAS ROAD 205,043.75 0.00 0.00 339.70 0.00 0.00 205,383.45 0.00205,383.450.00436 TIF RIVER EAST RES (NE RE) 869,427.06 0.00 0.00 1,628.39 0.00 0.00 871,055.45 0.00871,055.45(2,781,424.34)Total Tax Increment Financing Funds49,205,440.34 86.31 741,397.31 79,926.04 4,613.22 0.00 48,548,668.60 0.0048,548,668.60(2,981,424.34)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 617,941.50 0.00 0.00 1,023.76 0.00 0.00 618,965.26 0.00618,965.260.00439 CERTIFIED TECHNOLOGY PARK 626,379.69 0.00 0.00 1,037.74 0.00 0.00 627,417.43 0.00627,417.430.00454 AIRPORT URBAN ENTERPRISE ZONE 395,023.30 0.00 0.00 654.44 0.00 0.00 395,677.74 0.00395,677.740.00754 INDUSTRIAL REVOLVING FUND 1,632,491.00 61,921.00 27,854.00 54,105.00 0.00 0.00 1,720,663.00 0.001,720,663.000.00Total Redevelopment Funds3,271,835.49 61,921.00 27,854.00 56,820.94 0.00 0.00 3,362,723.43 0.003,362,723.430.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 1,726.60 0.00 1,726.60 1,040,462.24 0.001,040,462.240.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 2,886.62 0.00 2,886.62 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 996,959.28 0.00 0.00 1,651.68 0.00 0.00 998,610.96 0.00998,610.960.00752 SB REDEVELOPMENT AUTHORITY 1,444,758.14 0.00 1,233,878.13 951.540.00 0.00 211,831.55 0.00211,831.550.00756 SMARTS STREETS DEBT SERVICE 2,584,730.06 0.00 853,784.38 559.90 0.00 0.00 1,731,505.58 0.001,731,505.580.00Total Debt Service Funds7,806,404.58 0.00 2,087,662.51 7,776.34 0.00 4,613.22 5,721,905.19 0.005,721,905.190.00Total Redevelopment Commission Funds60,283,680.41 62,007.31 2,856,913.82 144,523.32 4,613.22 4,613.22 57,633,297.22 0.00 57,633,297.22(2,981,424.34)City Operations Total290,154,850.97 25,210,035.76 33,700,618.98 512,245.26 5,029,016.89 5,029,016.89 282,176,513.01 73,993.34 282,250,506.35 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 Account184,843,438.52 167,219.94 0.00 210,585.25 0.00 276,974.83 184,944,268.88 184,944,268.882019-03 Monthly Cash Report5 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 PolicyUnder Reserve Requirement201 Parks & Recreation 6,584,214 6,181,008 403,206 5,343,276 (4,940,070) 2% Property tax distribution received in June & Dec25% of Annual expenditures211 DCI Administration Fund 742,337 120,129 622,208 788,167 (165,959) 20% Receives quarterly interfund transfers to cover25% of Annual expenditures222 Central Services 1,138,792 32,429 1,106,364 1,197,546 (91,182) 23% Just under reserve target25% of Annual expenditures, excluding utility accounting406 Cumulative Capital Development 393,968 353,094 40,874 204,530 (163,656) 5% Encumbrances reflect total annual debt payments25% of Annual expenditures436 River East Residential (Ne Res TIF) 871,055 - 871,055 1,068,750 (197,695) 20% Property tax distribution received in June & Dec25% of Annual expenditures610 Solid Waste Operations 354,086 527,958 (173,872) 552,998 (726,870) -3% High encumbrances10% of Annual expenditures701 Firefighters Pension (793,495) - (793,495) 511,246 (1,304,741) -16% Pension payments received in June & Sept10% of Annual expenditures702 Police Pension (748,365) - (748,365) 635,590 (1,383,955) -12% Pension payments received in June & Sept10% of Annual expenditures8,542,593 7,214,617 1,327,975 10,302,103 (8,974,128) Meets or Exceeds Requirement101 General Fund 29,501,771 1,197,359 28,304,412 22,943,592 5,360,820 43% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day Fund 10,518,876 - 10,518,876 9,142,632 1,376,244 3%3% of total expenditures in previous fiscal year, excluding one-time capital expenditures202 Motor Vehicle Highway 7,378,232 1,232,237 6,145,996 3,829,557 2,316,439 40%25% of Annual expenditures216 Police State Seizures 229,349 - 229,349 8,000 221,349 717%25% of Annual expenditures218 Police Curfew Violations 13,189 - 13,189 250 12,939 1319%25% of Annual expenditures219 Unsafe Building 624,509 152,972 471,537 260,859 210,678 45%25% of Annual expenditures220 Law Enforce. Continuing Education 375,661 13,325 362,336 129,387 232,949 70%25% of Annual expenditures226 Liability Insurance 3,903,812 386,930 3,516,882 2,178,828 1,338,054 81%50% of Annual expenditures249 Public Safety L.O.I.T. 2,766,593 - 2,766,593 685,324 2,081,269 32% 8% of Annual expenditures - one month reserve251 Local Roads & Streets 4,822,210 1,197,675 3,624,535 1,773,678 1,850,857 51%25% of Annual expenditures258 Human Rights - Federal Grant 522,268 16,725 505,543 58,747 446,796 215%25% of Annual expenditures273 Morris PAC/Palais Royale Marketing 65,299 - 65,299 7,500 57,799 218%25% of Annual expenditures274 Morris PAC/Self-Promotion 133,994 - 133,994 18,750 115,244 179%25% of Annual expenditures278 Take Home Vehicle Police 755,522 - 755,522 750,000 5,522 1511%Set dollar amount of $750,000287 EMS Capital 3,865,387 1,477,083 2,388,305 875,569 1,512,736 68%25% of Annual expenditures288 EMS Operating 2,243,239 91,797 2,151,441 1,607,667 543,774 33%25% of Annual expenditures289 HAZMAT 28,009 - 28,009 2,618 25,391 267%25% of Annual expenditures291 Indiana River Rescue 223,519 - 223,519 33,816 189,703 165%25% of Annual expenditures294 Regional Police Academy 111,164 - 111,164 5,625 105,539 494%25% of Annual expenditures299 Police Federal Drug Enforcement 132,344 - 132,344 12,750 119,594 259%25% of Annual expenditures315 Airport 2003 Debt Reserve 1,040,462 - 1,040,462 1,040,462 - 100%100% debt service reserve per bond 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) 26,094,694 9,540,690 16,554,005 10,871,238 5,682,767 38%25% of Annual expenditures351 2018 TIF Park Bond Debt Svc Reserve 998,611 - 998,611 - 998,611 100% 100% debt service reserve per bond covenants404 County Option Income Tax 12,262,584 2,835,049 9,427,535 7,598,464 1,829,071 62%50% of Annual expenditures407 Cumulative Capital Improvement 450,039 - 450,039 7,000 443,039 1607%25% of Annual expenditures408 Economic Development Income Tax 15,924,387 4,602,066 11,322,321 7,101,601 4,220,720 80%50% of Annual expenditures416 Morris Performing Arts Center Capital 406,472 17,598 388,874 56,366 332,508 172%25% of Annual expenditures422 TIF District - West Washington 1,791,177 775,272 1,015,905 423,783 592,122 60%25% of Annual expenditures425 Redevelopment Retail Area 8,668 - 8,668 - 8,668 100%25% of Annual expenditures429 River East Dev TIF (Northeast TIF) 10,599,430 4,680,344 5,919,086 3,050,496 2,868,590 49%25% of Annual expenditures430 TIF Southside Development Area #1 8,978,260 1,399,609 7,578,651 2,588,182 4,990,469 73%25% of Annual expenditures433 Redev Administration General 618,965 - 618,965 268,500 350,465 58%25% of Annual expenditures435 TIF - Douglas Road 205,383 - 205,383 20,800 184,583 99%10% of Annual expenditures450 Palais Royale Historic Preservation 101,685 5,430 96,255 27,992 68,263 86%25% of Annual expenditures600 Consolidated Building Department 2,117,141 232,815 1,884,326 1,242,076 642,250 38%25% of Annual expenditures601 Parking Garages 1,191,824 28,178 1,163,647 476,646 687,001 61%25% of Annual expenditures620 Water Works Operations 3,539,781 1,704,993 1,834,788 1,140,646 694,142 8%5% of Annual expenditures624 Water Works Customer Deposit 1,497,328 - 1,497,328 1,497,328 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 518,112 2,014,541 (1,496,430) (1,496,430) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants626 Water Works Bond Reserve 1,433,624 - 1,433,624 1,433,624 - 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 2,076,680 111,755 1,964,925 165,797 1,799,128 296%25% of Annual expenditures641 Sewage Works Operations 14,909,076 6,051,471 8,857,605 2,307,147 6,550,458 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 2,915,832 7,772,676 (4,856,843) (4,856,843) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants653 Sewage Works Debt Service Reserve 4,219,920 - 4,219,920 4,219,920 - 100%100% cash reserves per bond covenants and Crowe HorwathMarch 31, 20192019-03 Monthly Cash Report6 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 PolicyMarch 31, 2019655 Project Releaf 557,773 - 557,773 168,741 389,032 83%25% of Annual expenditures670 Century Center 1,994,791 38,989 1,955,802 1,127,471 828,331 43%25% of Annual expenditures671 Century Center Capital 860,540 - 860,540 800,000 60,540 4303%$800,000 Minimum per Board of Managers705 Police K-9 Unit 2,347 - 2,347 505 1,842 116%25% of Annual expenditures711 Self-Funded Employee Benefits 10,450,605 1,051,704 9,398,901 4,155,747 5,243,154 57%25% of Annual expenditures713 Unemployment Comp Fund 200,443 - 200,443 17,500 182,943 286%25% of Annual expenditures714 Parental Leave Fund 50,258 - 50,258 38,924 11,334 32%25% of Annual expenditures718 State Tax Withholding Fund 281,458 - 281,458 281,458 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 1,767,107 - 1,767,107 1,767,107 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 840,244 - 840,244 840,244 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 29,136 - 29,136 - 29,136 100%25% of Annual expenditures731 Bowman Cemetery 458,346 - 458,346 400,000 58,346 100%$400,000 minimum752 South Bend Redevelopment Authority 211,832 - 211,832 211,832 - 100%100% cash reserves per bond covenants753 Smart Street Bond Capital 68,878 - 68,878 68,878 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 681,688 - 681,688 681,688 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 1,731,506 - 1,731,506 1,731,506 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 464,518 - 464,518 464,518 - 100%100% cash reserves per bond covenants760 Eddy St. Commons Debt Service 3,454,573 - 3,454,573 2,500,000 954,573 266%$2,500,000 minimum216,407,145 48,629,284 167,777,862 108,922,447 58,855,415 No Reserve Requirement209 Studebaker/Oliver Revitalizing Grants 886,002 191,596 694,406 - 694,406 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 124,822 183,825 (59,003) - (59,003) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Grant Fund 267,282 2,308,880 (2,041,598) - (2,041,598) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 221,592 8,209 213,383 - 213,383 100%No reserve requirement221 Landlord Registration 10,182 - 10,182 - 10,182 100%No reserve requirement224 Central Services Capital 142,636 5,145 137,491 - 137,491 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 605,902 22,809 583,093 - 583,093 100%No reserve requirement257 LOIT 2016 Special Distribution 493,865 591,603 (97,738) - (97,738) 100% High encumbrancesNo reserve requirement265 Local Road & Bridge Grant 331,089 82,493 248,595 - 248,595 100%No reserve requirement - Grant fund - spend down to zero279 IT / Innovation / 311 Call Center 2,658,882 1,506,922 1,151,960 - 1,151,960 100% Reimbursed through interfund allocationNo reserve requirement280 Police Block Grants 4,013 - 4,013 - 4,013 100%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 189,522 44,274 145,248 - 145,248 100%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 178,534 - 178,534 - 178,534 100% No reserve requirement401 Coveleski Stadium Capital 42,112 32,955 9,157 - 9,157 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 25,415 - 25,415 - 25,415 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,802,300 1,152,671 1,649,628 - 1,649,628 100%No reserve requirement - Capital fund - spend down to zero439 Certified Technology Park 627,417 - 627,417 - 627,417 100%No reserve requirement451 2018 Fire St #9 Capital 2,682,157 2,396,111 286,046 - 286,046 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 9,045,655 2,183,870 6,861,785 - 6,861,785 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 395,678 - 395,678 - 395,678 100%No reserve requirement471 2017 Parks Bond Capital 11,799,924 2,204,429 9,595,495 - 9,595,495 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 192,992 628,654 (435,662) - (435,662) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 2,688,910 709,880 1,979,030 - 1,979,030 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 9,830,625 8,956,816 873,810 - 873,810 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings 171,260 415,424 (244,164) - (244,164) 100% Encumbrances reflect total annual debt paymentsNo reserve requirement750 Equipment/Vehicle Leasing 2,138,593 208,379 1,930,215 - 1,930,215 100% No reserve requirement - Capital lease fund - spend down to zero751 2015 Parks Bond Capital 398,523 270,543 127,980 - 127,980 100% No reserve requirement - Bond capital fund - spend down to zero754 Industrial Revolving Fund 1,720,663 - 1,720,663 - 1,720,663 100%No City reserve requirement; there are program requirements759 Eddy St Commons Capital 6,935,964 - 6,935,964 - 6,935,964 100%No reserve requirement - Bond capital fund - spend down to zero57,300,767 24,703,246 32,597,522 - 32,597,522 City Operations Total 282,250,506 80,547,147 201,703,359 119,224,550 82,478,809 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrances2019-03 Monthly Cash Report7 January 1, 2007 - March 31, 2019 $329,782,565 6/30/2018 $122,056,198 5/31/2007 $214,140,482 -- $294,834,987 -- 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 2019-03 Monthly Cash Report 8 January 1, 2007 - March 31, 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 03/31/19 282,250,506.35 65,067,673.27 57,633,297.22 159,549,535.86 2019-03 Monthly Cash Report 9 $83,296,822 1/31/2013 $28,657,187 1/1/2007 $58,408,080 -- $63,450,931 -- 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 03/31/19 65,067,673.27 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 - March 31, 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 2019-03 Monthly Cash Report 10 $81,992,643 6/30/2018 $26,731,149 1/31/2009 $49,767,332 -- $66,154,263 -- 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 03/31/19 57,633,297.22 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 - March 31, 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 2019-03 Monthly Cash Report 11 $185,010,338 6/30/2018 $53,052,887 5/31/2007 $106,093,163 -- $165,612,079 -- 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 03/31/19 159,549,535.86 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 - March 31, 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 2019-03 Monthly Cash Report 12