HomeMy WebLinkAbout2019-04 Monthly Cash ReportPeriod 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
April 30, 2019
Controller
City of South Bend
Monthly Cash Report
2019-04 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, 266, 672, 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 MVH Restricted Fund 266 was established in 2019 due to a directive from the State Board of Accounts. This fund will receive 50% of the City's gas tax
and wheel tax distribution from the State of Indiana and is to be used for construction, reconstruction and preservation of the unit’s highways. In May, the City
will transfer 50% of the MVH disbursements received year-to-date. Going forward, MVH disbursements from the State will be split 50/50 between Fund 202 and
Fund 266 at the time of receipt.
- The Century Center Energy Conservation Debt Service Fund 672 had to make a debt payment in April, but will receive the bond interest rebate to cover it in
May.
- 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.
2019-04 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 $29,501,771.02 $1,230,969.85 $4,736,180.86 $40,593.60 $0.00 $0.00 $26,037,153.61 $0.00$26,037,153.61$0.00Special Revenue Funds102 RAINY DAY FUND 10,518,875.50 0.00 0.00 13,730.25 0.00 0.00 10,532,605.75 0.0010,532,605.750.00201 PARKS & RECREATION 6,584,214.05 1,597,362.55 1,202,555.48 8,122.64 7,819.66 0.00 6,994,963.42 0.006,994,963.420.00202 MOTOR VEHICLE HIGHWAY 7,378,232.45 617,055.34 510,804.64 9,507.30 0.00 0.00 7,493,990.45 0.007,493,990.450.00209 STUDEBAKER/OLIVER REVERTING GRANTS 886,002.24 0.00 5,409.66 1,159.69 0.00 0.00 881,752.27 0.00881,752.27200,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 124,821.91 0.00 4,881.75 172.77 0.00 0.00 120,112.93 0.00120,112.930.00211 DCI OPERATING FUND 742,336.61 17,336.50 216,979.15 372.06 0.00 0.00 543,066.02 0.00543,066.020.00212 DEPARTMENT OF COMMUNITY INVESTMENT 267,282.28 145,816.70 98,133.13 7.17 0.00 0.00 314,973.02 0.00314,973.020.00216 POLICE STATE SEIZURES 229,349.24 0.00 0.00 298.39 0.00 0.00 229,647.63 0.00229,647.630.00217 GIFT, DONATION, BEQUEST 221,591.92 100,275.79 4,411.99 307.31 0.00 0.00 317,763.03 0.00317,763.030.00218 POLICE CURFEW VIOLATIONS 13,189.24 0.00 0.00 17.21 0.00 0.00 13,206.45 0.0013,206.450.00219 UNSAFE BUILDING 624,508.56 22,884.18 37,148.12 640.13 0.00 0.00 610,884.75 0.00610,884.750.00220 LAW ENFORCEMENT CONTINUING EDUCATION 375,660.92 34,227.89 23,610.02 496.27 0.00 0.00 386,775.06 0.00386,775.060.00221 LANDLORD REGISTRATION 10,182.17 0.00 0.00 13.29 0.00 0.00 10,195.460.0010,195.460.00227 LOSS RECOVERY FUND 605,901.92 0.00 1,810.90 809.59 0.00 0.00 604,900.61 0.00604,900.610.00249 PUBLIC SAFETY L.O.I.T. 2,766,593.24 713,379.58 452,848.42 3,051.42 0.00 0.00 3,030,175.82 0.003,030,175.820.00251 LOCAL ROADS & STREETS 4,822,210.09 160,595.61 97,193.46 5,395.880.00 0.00 4,891,008.12 0.004,891,008.120.00257 LOIT 2016 SPECIAL DISTRIBUTION 493,865.34 0.00 53,221.54 703.82 0.00 0.00 441,347.62 0.00441,347.620.00258 HUMAN RIGHTS - FEDERAL GRANT 522,267.97 4,615.00 83,831.48 583.65 0.00 0.00 443,635.14 73,993.34517,628.480.00265 LOCAL ROAD & BRIDGE GRANT 331,088.68 0.00 0.00 432.54 0.00 0.00 331,521.22 0.00331,521.220.00266 MVH RESTRICTED 0.00 0.00 15,850.05 0.00 0.00 0.00(15,850.05)0.00(15,850.05)0.00273 MORRIS PAC/PALAIS ROYALE MARKETING 65,299.13 2,092.47 0.00 77.280.00 0.00 67,468.88 0.0067,468.880.00274 MORRIS PAC SELF-PROMOTION 133,994.48 4,379.00 0.00 156.28 0.00 0.00 138,529.76 0.00138,529.760.00280 POLICE BLOCK GRANTS 4,012.97 0.00 0.00 5.24 0.00 0.00 4,018.21 0.004,018.210.00289 HAZMAT 28,008.62 0.00 0.00 33.35 0.00 0.00 28,041.97 0.0028,041.970.00291 INDIANA RIVER RESCUE 223,519.21 21,300.00 2,492.72 286.08 0.00 0.00 242,612.57 0.00242,612.570.00292 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 111,164.08 3,150.00 819.14 145.33 0.00 0.00 113,640.27 0.00113,640.270.00295 COPS MORE GRANT 189,521.79 787.20 840.00 246.95 0.00 0.00 189,715.94 0.00189,715.940.00299 POLICE FEDERAL DRUG ENFORCEMENT 132,344.40 0.00 0.00 305.99 0.00 0.00 132,650.39 0.00132,650.390.00404 COUNTY OPTION INCOME TAX 12,262,584.03 1,029,369.97 1,267,036.30 16,815.13 97,076.78 0.00 12,138,809.61 0.0012,138,809.61480,253.20408 ECONOMIC DEVELOPMENT INCOME TAX 15,924,387.20 972,029.40 408,851.01 21,745.27 178,534.13 31,612.10 16,656,232.89 0.0016,656,232.890.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 25,415.18 11,310.00 15,000.00 33.18 0.00 0.00 21,758.36 0.0021,758.36(480,253.20)655 PROJECT RELEAF 557,772.64 38,513.95 3,399.74 884.41 0.00 0.00 593,771.26 0.00593,771.260.00705 POLICE K-9 UNIT 2,347.36 0.00 0.00 3.06 0.00 0.00 2,350.42 0.002,350.420.00Total Special Revenue Funds67,205,260.92 5,496,481.13 4,507,128.70 86,558.93 283,430.57 31,612.10 68,532,990.75 73,993.3468,606,984.09200,000.00 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 97,076.780.00 0.000.000.00755 SB BUILDING CORPORATION 681,687.67 0.00 0.00 1,025.70 0.00 0.00 682,713.37 0.00682,713.370.00757 2015 PARKS BOND DEBT SERVICE 464,518.37 0.00 0.00 152.01 31,612.10 0.00 496,282.48 0.00496,282.480.00760 EDDY ST. COMMONS DEBT SERVICE 3,454,572.78 0.00 0.00 869.73 0.00 0.00 3,455,442.51 0.003,455,442.510.00Capital Project Funds377 PROFESSIONAL SPORTS DEVELOPMENT 178,534.13 0.00 0.00 0.00 0.00 178,534.13 0.00 0.000.000.00401 COVELESKI STADIUM CAPITAL 42,112.00 0.00 32,955.00 54.96 0.00 0.009,211.96 0.009,211.960.00406 CUMULATIVE CAPITAL DEVELOPMENT 393,968.34 0.00 0.00 514.23 0.00 0.00 394,482.57 0.00394,482.570.00407 CUMULATIVE CAPITAL IMPROVEMENT 450,038.61 0.00 0.00 587.43 0.00 0.00 450,626.04 0.00450,626.040.00412 MAJOR MOVES CONSTRUCTION 2,802,299.77 1,582.00 15,589.90 3,698.71 0.00 0.00 2,791,990.58 0.002,791,990.582,781,424.34416 MORRIS PERFORMING ARTS CENTER CAPITAL 406,471.69 4,379.00 0.00 513.64 0.00 0.00 411,364.33 0.00411,364.330.00450 PALAIS ROYALE HISTORIC PRESERVATION 101,685.33 1,482.03 0.00 131.68 0.00 0.00 103,299.04 0.00103,299.040.00451 2018 FIRE STATION #9 CAPITAL 2,682,156.52 0.00 688,414.25 3,508.66 0.00 0.00 1,997,250.93 0.001,997,250.930.00452 2018 TIF PARK BOND CAPITAL 9,045,654.99 0.00 1,068,326.72 11,969.09 0.00 0.00 7,989,297.36 0.007,989,297.360.00453 2018 ZOO BOND CAPITAL 0.00 3,264,858.78 845,665.26 10,066.93 0.000.00 2,429,260.45 0.002,429,260.450.00471 2017 PARKS BOND CAPITAL 11,799,923.74 0.00 285,898.85 15,490.41 0.00 0.00 11,529,515.30 0.0011,529,515.300.00750 EQUIPMENT / VEHICLE LEASING 2,138,593.49 0.00 839,299.00 2,636.30 0.00 0.00 1,301,930.79 0.001,301,930.790.00Month of: April 20192019-04 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: April 2019751 2015 PARKS BOND CAPITAL 398,522.97 0.00 5,153.55 102.23 0.00 0.00 393,471.65 0.00393,471.650.00753 SMART STREET BOND CAPITAL 68,877.91 0.00 0.00 15.85 0.00 0.00 68,893.76 0.0068,893.760.00759 EDDY ST COMMONS CAPITAL 6,935,964.21 0.00 44,925.45 5.92 0.00 0.006,891,044.68 0.006,891,044.680.00Total Capital & Debt Service Funds41,707,122.86 3,272,301.81 3,826,227.98 51,343.48 31,612.10 275,610.91 40,960,541.36 0.0040,960,541.362,781,424.34Enterprise Funds287 EMS CAPITAL 3,865,387.49 0.00 353,120.00 4,878.73 0.00 0.00 3,517,146.22 0.003,517,146.220.00288 EMS OPERATING 2,243,238.91 578,940.11 633,417.79 4,175.03 0.00 0.00 2,192,936.26 0.002,192,936.260.00600 CONSOLIDATED BUILDING DEPARTMENT 2,117,141.17 184,463.67 335,970.78 2,173.51 0.00 0.00 1,967,807.57 0.001,967,807.570.00601 PARKING GARAGES 1,191,824.40 58,546.99 138,169.52 1,543.04 0.00 0.00 1,113,744.91 0.001,113,744.910.00610 SOLID WASTE OPERATIONS 354,086.41 458,051.37 318,918.73 499.42 0.00 148,100.00 345,618.47 0.00345,618.470.00611 SOLID WASTE CAPITAL 192,992.04 0.00 91.25 252.02 148,100.00 0.00 341,252.81 0.00341,252.810.00620 WATER WORKS OPERATIONS 3,539,781.23 1,643,133.55 1,301,929.17 3,948.88 6,377.58 438,083.00 3,453,229.07 0.003,453,229.070.00622 WATER WORKS CAPITAL 2,688,910.42 3,261.33 0.00 3,473.78 270,083.00 0.00 2,965,728.53 0.002,965,728.530.00624 WATER WORKS CUSTOMER DEPOSIT 1,497,328.21 10,000.62 13,172.79 1,959.61 0.00 1,959.61 1,494,156.04 0.001,494,156.040.00625 WATER WORKS SINKING FUND 518,111.57 0.00 0.00 634.36 168,000.00 634.36 686,111.57 0.00686,111.570.00626 WATER WORKS BOND RESERVE 1,433,623.97 0.00 0.00 1,885.24 0.00 0.001,435,509.21 0.001,435,509.210.00629 WATER WORKS RESERVE - O & M 2,895,721.40 0.00 0.00 3,783.61 0.003,783.61 2,895,721.40 0.002,895,721.400.00640 SEWER REPAIR INSURANCE 2,076,680.37 59,248.34 46,767.56 2,711.220.00 0.00 2,091,872.37 0.002,091,872.370.00641 SEWAGE WORKS OPERATIONS 14,909,076.30 3,346,576.74 1,837,077.9820,319.42 7,252.80 1,073,400.00 15,372,747.28 0.0015,372,747.280.00642 SEWAGE WORKS CAPITAL 9,830,625.35 10,305.00 304,126.48 12,403.10425,000.00 0.00 9,974,206.97 0.009,974,206.970.00643 SEWAGE WORKS RESERVE - O & M 5,550,801.29 0.00 0.00 7,252.80 0.007,252.80 5,550,801.29 0.005,550,801.290.00649 SEWAGE WORKS BOND SINKING 2,915,832.20 0.00 750.00 3,123.85 648,400.00 0.00 3,566,606.05 0.003,566,606.050.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,219,919.60 0.00 0.00 7,318.82 0.00 0.00 4,227,238.42 0.004,227,238.420.00667 STORM SEWER FUND 0.00 0.00 8,425.00 0.00 0.00 0.00(8,425.00)0.00(8,425.00)0.00670 CENTURY CENTER 1,994,790.89 308,558.88 437,201.20 0.00 0.00 0.00 1,866,148.57 0.001,866,148.570.00671 CENTURY CENTER CAPITAL 860,540.09 0.00 0.00 1,061.58 0.00 0.00 861,601.67 0.00861,601.670.00672 CENTURY CENTER ENERGY SAVINGS 171,259.96 0.00 207,561.07 168.29 0.00 0.00(36,132.82)0.00(36,132.82)0.00Total Enterprise Funds65,067,673.27 6,661,086.60 5,936,699.32 83,566.31 1,673,213.38 1,673,213.38 65,875,626.86 0.0065,875,626.860.00Internal Service Funds222 CENTRAL SERVICES 1,138,792.28 1,097,149.94 1,153,257.81 792.31 0.00 0.00 1,083,476.72 0.001,083,476.720.00224 CENTRAL SERVICES CAPITAL 142,635.62 0.00 1,919.06 191.98 0.00 0.00140,908.54 0.00140,908.540.00226 LIABILITY INSURANCE 3,903,811.81 353,330.99 373,703.06 5,078.05 0.00 0.00 3,888,517.79 0.003,888,517.790.00278 TAKE HOME VEHICLE POLICE 755,521.94 480.00 495.00 986.00 0.00 0.00756,492.94 0.00756,492.940.00279 IT / INNOVATION / 311 CALL CENTER 2,658,881.86 670,278.50 441,917.46 2,921.13 0.00 0.00 2,890,164.03 0.002,890,164.030.00711 SELF-FUNDED EMPLOYEE BENEFITS 10,450,604.50 1,080,040.95 1,393,475.79 15,167.52 0.00 0.00 10,152,337.18 0.0010,152,337.180.00713 UNEMPLOYMENT COMP FUND 200,443.27 0.00 13,579.04 268.29 0.00 0.00 187,132.52 0.00187,132.520.00714 PARENTAL LEAVE FUND 50,258.42 12,104.98 23,940.80 66.62 0.00 0.00 38,489.22 0.0038,489.220.00Total Internal Service Funds19,300,949.70 3,213,385.36 3,402,288.02 25,471.90 0.00 0.00 19,137,518.94 0.0019,137,518.940.00Trust & Agency Funds701 FIREFIGHTERS PENSION (793,494.58)0.00 380,740.04 0.00 0.00 0.00(1,174,234.62)0.00(1,174,234.62)0.00702 POLICE PENSION (748,365.13)70.86 517,404.66 0.00 0.00 0.00(1,265,698.93)0.00(1,265,698.93)0.00709 PAYROLL FUND 0.00 8,018,467.67 8,018,467.67 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 281,458.36 278,354.48 281,458.36 0.00 0.00 0.00 278,354.48 0.00278,354.480.00725 MORRIS / PALAIS BOX OFFICE 1,767,106.90 94,510.60 0.00 0.00 0.00 0.00 1,861,617.50 0.001,861,617.500.00726 POLICE DISTRIBUTIONS PAYABLE 840,244.17 10,499.22 0.00 0.00 0.00 0.00 850,743.39 0.00850,743.390.00730 CITY CEMETERY TRUST 29,135.89 0.00 0.00 38.03 0.00 0.00 29,173.92 0.0029,173.920.00731 BOWMAN CEMETERY 458,345.75 0.00 0.00 0.00 0.00 0.00 458,345.75 0.00458,345.750.00Total Trust & Agency Funds1,834,431.36 8,401,902.83 9,198,070.73 38.03 0.00 0.00 1,038,301.49 0.001,038,301.490.00Total City Funds224,617,209.13 28,276,127.58 31,606,595.61 287,572.25 1,988,256.05 1,980,436.39 221,582,133.01 73,993.34 221,656,126.35 2,981,424.342019-04 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: April 2019Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 26,094,694.10 2,076,566.57 2,929,749.22 31,973.09 3,632.35 0.00 25,277,116.89 0.0025,277,116.89(200,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,791,177.04 0.00 48,792.00 2,338.00 0.00 0.00 1,744,723.04 0.001,744,723.040.00425 REDEVELOPMENT RETAIL AREA 8,667.86 0.00 0.00 10.11 0.00 7,819.66 858.31 0.00858.310.00429 TIF RIVER EAST DEV (NE) 10,599,430.28 0.00 1,289,868.01 14,167.35 0.00 0.00 9,323,729.62 0.009,323,729.620.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 8,978,260.42 0.00 416,543.0911,731.15 0.00 0.00 8,573,448.48 0.008,573,448.480.00435 TIF DOUGLAS ROAD 205,383.45 0.00 0.00 268.09 0.00 0.00 205,651.54 0.00205,651.540.00436 TIF RIVER EAST RES (NE RE) 871,055.45 0.00 0.00 1,136.92 0.00 0.00 872,192.37 0.00872,192.37(2,781,424.34)Total Tax Increment Financing Funds48,548,668.60 2,076,566.57 4,684,952.32 61,624.71 3,632.35 7,819.66 45,997,720.25 0.0045,997,720.25(2,981,424.34)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 618,965.26 23,452.00 0.00 807.94 0.00 0.00 643,225.20 0.00643,225.200.00439 CERTIFIED TECHNOLOGY PARK 627,417.43 0.00 0.00 818.97 0.00 0.00 628,236.40 0.00628,236.400.00454 AIRPORT URBAN ENTERPRISE ZONE 395,677.74 0.00 0.00 516.48 0.00 0.00 396,194.22 0.00396,194.220.00754 INDUSTRIAL REVOLVING FUND 1,720,663.00 17,073.00 8,583.00 14,411.00 0.00 0.00 1,743,564.00 0.001,743,564.000.00Total Redevelopment Funds3,362,723.43 40,525.00 8,583.00 16,554.39 0.00 0.00 3,411,219.82 0.003,411,219.820.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 1,359.49 0.00 1,359.49 1,040,462.24 0.001,040,462.240.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 2,272.86 0.00 2,272.86 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 998,610.96 0.00 0.00 1,303.48 0.00 0.00 999,914.44 0.00999,914.440.00752 SB REDEVELOPMENT AUTHORITY 211,831.55 0.00 0.00 1,449.90 0.00 0.00213,281.45 0.00213,281.450.00756 SMARTS STREETS DEBT SERVICE 1,731,505.58 0.00 0.00 398.46 0.00 0.00 1,731,904.04 0.001,731,904.040.00Total Debt Service Funds5,721,905.19 0.00 0.00 6,784.19 0.00 3,632.35 5,725,057.03 0.005,725,057.030.00Total Redevelopment Commission Funds57,633,297.22 2,117,091.57 4,693,535.32 84,963.29 3,632.35 11,452.0155,133,997.10 0.00 55,133,997.10(2,981,424.34)City Operations Total282,250,506.35 30,393,219.15 36,300,130.93 372,535.54 1,991,888.40 1,991,888.40 276,716,130.11 73,993.34 276,790,123.45 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 Account184,944,268.88 485,559.32 0.00 57,490.89 0.00 176,169.99 185,311,149.10 185,311,149.102019-04 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 6,994,963 6,081,825 913,139 5,343,276 (4,430,137) 4% Property tax distribution received in June & Dec25% of Annual expenditures211 DCI Administration Fund 543,066 99,666 443,400 788,167 (344,767) 14% Receives quarterly interfund transfers to cover25% of Annual expenditures222 Central Services 1,083,477 21,161 1,062,316 1,197,546 (135,230) 22% Just under reserve target25% of Annual expenditures, excluding utility accounting406 Cumulative Capital Development 394,483 353,094 41,388 204,530 (163,142) 5% Encumbrances reflect total annual debt payments25% of Annual expenditures436 River East Residential (Ne Res TIF) 872,192 - 872,192 1,068,750 (196,558) 20% Property tax distribution received in June & Dec25% of Annual expenditures610 Solid Waste Operations 345,618 523,617 (177,998) 552,998 (730,996) -3% High encumbrances10% of Annual expenditures667 Storm Sewer Fund(8,425) 116,340 (124,765) 150,000 (274,765) -21% New fund, storm water fee revenue to begin in June25% of Annual expenditures701 Firefighters Pension (1,174,235) - (1,174,235) 511,246 (1,685,481) -23% Pension payments received in June & Sept10% of Annual expenditures702 Police Pension (1,265,699) - (1,265,699) 635,590 (1,901,289) -20% Pension payments received in June & Sept10% of Annual expenditures714 Parental Leave Fund 38,489 - 38,489 38,924 (435) 25% Just under reserve target25% of Annual expenditures7,823,930 7,195,703 628,227 10,491,027 (9,862,800) Meets or Exceeds Requirement101 General Fund 26,037,154 1,175,243 24,861,911 22,943,592 1,918,319 38% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day Fund 10,532,606 - 10,532,606 9,142,632 1,389,974 3%3% of total expenditures in previous fiscal year, excluding one-time capital expenditures202 Motor Vehicle Highway 7,493,990 1,237,498 6,256,492 3,829,557 2,426,935 41%25% of Annual expenditures216 Police State Seizures 229,648 - 229,648 8,000 221,648 718%25% of Annual expenditures218 Police Curfew Violations 13,206 - 13,206 250 12,956 1321%25% of Annual expenditures219 Unsafe Building 610,885 145,640 465,245 260,859 204,386 45%25% of Annual expenditures220 Law Enforce. Continuing Education 386,775 46,779 339,996 129,387 210,609 66%25% of Annual expenditures226 Liability Insurance 3,888,518 267,581 3,620,937 2,178,828 1,442,109 83%50% of Annual expenditures249 Public Safety L.O.I.T. 3,030,176 - 3,030,176 685,324 2,344,852 35% 8% of Annual expenditures - one month reserve251 Local Roads & Streets 4,891,008 1,134,314 3,756,694 1,773,678 1,983,016 53%25% of Annual expenditures258 Human Rights - Federal Grant 517,628 15,126 502,502 58,747 443,755 214%25% of Annual expenditures273 Morris PAC/Palais Royale Marketing 67,469 - 67,469 7,500 59,969 225%25% of Annual expenditures274 Morris PAC/Self-Promotion 138,530 - 138,530 18,750 119,780 185%25% of Annual expenditures278 Take Home Vehicle Police 756,493 - 756,493 750,000 6,493 1513%Set dollar amount of $750,000287 EMS Capital 3,517,146 1,494,934 2,022,212 875,569 1,146,643 58%25% of Annual expenditures288 EMS Operating 2,192,936 84,663 2,108,273 1,607,667 500,606 33%25% of Annual expenditures289 HAZMAT 28,042 - 28,042 2,618 25,424 268%25% of Annual expenditures291 Indiana River Rescue 242,613 4,037 238,575 33,816 204,759 176%25% of Annual expenditures294 Regional Police Academy 113,640 - 113,640 5,625 108,015 505%25% of Annual expenditures299 Police Federal Drug Enforcement 132,650 - 132,650 12,750 119,900 260%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) 25,277,117 10,096,128 15,180,989 10,871,238 4,309,751 35%25% of Annual expenditures351 2018 TIF Park Bond Debt Svc Reserve 999,914 - 999,914 - 999,914 100% 100% debt service reserve per bond covenants404 County Option Income Tax 12,138,810 2,126,372 10,012,438 7,598,464 2,413,974 66%50% of Annual expenditures407 Cumulative Capital Improvement 450,626 - 450,626 7,000 443,626 1609%25% of Annual expenditures408 Economic Development Income Tax 16,656,233 4,287,485 12,368,748 7,101,601 5,267,147 87%50% of Annual expenditures416 Morris Performing Arts Center Capital 411,364 17,598 393,766 56,366 337,400 175%25% of Annual expenditures422 TIF District - West Washington 1,744,723 726,480 1,018,243 423,783 594,460 60%25% of Annual expenditures425 Redevelopment Retail Area 858 - 858 - 858 100%25% of Annual expenditures429 River East Dev TIF (Northeast TIF) 9,323,730 3,951,976 5,371,753 3,050,496 2,321,257 44%25% of Annual expenditures430 TIF Southside Development Area #1 8,573,448 989,976 7,583,472 2,588,182 4,995,290 73%25% of Annual expenditures433 Redev Administration General 643,225 - 643,225 268,500 374,725 60%25% of Annual expenditures435 TIF - Douglas Road 205,652 108,800 96,852 20,800 76,052 47%10% of Annual expenditures450 Palais Royale Historic Preservation 103,299 5,430 97,869 27,992 69,877 87%25% of Annual expenditures600 Consolidated Building Department 1,967,808 225,228 1,742,580 1,242,076 500,504 35%25% of Annual expenditures601 Parking Garages 1,113,745 28,663 1,085,082 476,646 608,436 57%25% of Annual expenditures620 Water Works Operations 3,453,229 1,831,092 1,622,137 1,140,646 481,491 7%5% of Annual expenditures624 Water Works Customer Deposit 1,494,156 - 1,494,156 1,494,156 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 686,112 2,014,541 (1,328,430) (1,328,430) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants626 Water Works Bond Reserve 1,435,509 - 1,435,509 1,435,509 - 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 2,091,872 103,610 1,988,263 165,797 1,822,466 300%25% of Annual expenditures641 Sewage Works Operations 15,372,747 6,051,507 9,321,240 2,307,147 7,014,093 20%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 transfersApril 30, 20192019-04 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 PolicyApril 30, 2019649 Sewage Works Bond Sinking 3,566,606 7,772,676 (4,206,069) (4,206,069) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants653 Sewage Works Debt Service Reserve 4,227,238 - 4,227,238 4,227,238 - 100%100% cash reserves per bond covenants and Crowe Horwath655 Project Releaf 593,771 - 593,771 168,741 425,030 88%25% of Annual expenditures670 Century Center 1,866,149 36,928 1,829,221 1,127,471 701,750 41%25% of Annual expenditures671 Century Center Capital 861,602 - 861,602 800,000 61,602 4308%$800,000 Minimum per Board of Managers705 Police K-9 Unit 2,350 - 2,350 505 1,845 116%25% of Annual expenditures711 Self-Funded Employee Benefits 10,152,337 834,398 9,317,939 4,155,747 5,162,192 56%25% of Annual expenditures713 Unemployment Comp Fund 187,133 - 187,133 17,500 169,633 267%25% of Annual expenditures718 State Tax Withholding Fund 278,354 - 278,354 278,354 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 1,861,618 - 1,861,618 1,861,618 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 850,743 - 850,743 850,743 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 29,174 - 29,174 - 29,174 100%25% of Annual expenditures731 Bowman Cemetery 458,346 - 458,346 400,000 58,346 100%$400,000 minimum752 South Bend Redevelopment Authority 213,281 - 213,281 213,281 - 100%100% cash reserves per bond covenants753 Smart Street Bond Capital 68,894 - 68,894 68,894 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 682,713 - 682,713 682,713 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 1,731,904 - 1,731,904 1,731,904 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 496,282 - 496,282 496,282 - 100%100% cash reserves per bond covenants760 Eddy St. Commons Debt Service 3,455,443 - 3,455,443 2,500,000 955,443 266%$2,500,000 minimum211,775,709 46,814,704 164,961,003 109,844,886 55,116,117 No Reserve Requirement209 Studebaker/Oliver Revitalizing Grants 881,752 184,271 697,481 - 697,481 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 120,113 97,944 22,169 - 22,169 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Federal Grants 314,973 2,342,958 (2,027,985) - (2,027,985) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 317,763 5,215 312,548 - 312,548 100%No reserve requirement221 Landlord Registration 10,195 - 10,195 - 10,195 100%No reserve requirement224 Central Services Capital 140,909 3,226 137,683 - 137,683 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 604,901 22,209 582,692 - 582,692 100%No reserve requirement257 LOIT 2016 Special Distribution 441,348 538,382 (97,034) - (97,034) 100% High encumbrancesNo reserve requirement265 Local Road & Bridge Grant 331,521 82,493 249,028 - 249,028 100%No reserve requirement - Grant fund - spend down to zero266 MVH Restricted(15,850) 39,507 (55,357) - (55,357) 100% Will receive transfer from Fund 202 at year-endNew fund - reserve requirement to be determined279 IT / Innovation / 311 Call Center 2,890,164 1,659,175 1,230,989 - 1,230,989 100% Reimbursed through interfund allocationNo reserve requirement280 Police Block Grants 4,018 - 4,018 - 4,018 100%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 189,716 43,434 146,282 - 146,282 100%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 requirement350 2018 Fire St #9 Debt Service - - - - - 100%No reserve requirement401 Coveleski Stadium Capital 9,212 - 9,212 - 9,212 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 21,758 - 21,758 - 21,758 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,791,991 1,147,517 1,644,473 - 1,644,473 100%No reserve requirement - Capital fund - spend down to zero439 Certified Technology Park 628,236 600,000 28,236 - 28,236 100%No reserve requirement451 2018 Fire St #9 Capital 1,997,251 1,707,697 289,554 - 289,554 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 7,989,297 1,115,543 6,873,754 - 6,873,754 100%No reserve requirement - Bond capital fund - spend down to zero453 2018 Zoo Bond Capital 2,429,260 - 2,429,260 - 2,429,260 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 396,194 - 396,194 - 396,194 100%No reserve requirement471 2017 Parks Bond Capital 11,529,515 2,081,947 9,447,568 - 9,447,568 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 341,253 628,563 (287,310) - (287,310) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 2,965,729 976,194 1,989,534 - 1,989,534 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 9,974,207 8,652,689 1,321,518 - 1,321,518 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings(36,133) 207,863 (243,996) - (243,996) 100% Encumbrances reflect total annual debt paymentsNo reserve requirement750 Equipment/Vehicle Leasing 1,301,931 255,204 1,046,727 - 1,046,727 100% No reserve requirement - Capital lease fund - spend down to zero751 2015 Parks Bond Capital 393,472 270,181 123,291 - 123,291 100% No reserve requirement - Bond capital fund - spend down to zero754 Industrial Revolving Fund 1,743,564 - 1,743,564 - 1,743,564 100%No City reserve requirement; there are program requirements759 Eddy St Commons Capital 6,891,045 - 6,891,045 - 6,891,045 100%No reserve requirement - Bond capital fund - spend down to zero57,190,484 23,259,969 33,930,513 - 33,930,513 City Operations Total 276,790,123 77,270,376 199,519,743 120,335,913 79,183,830 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrances2019-04 Monthly Cash Report7
January 1, 2007 - April 30, 2019
$329,782,565 6/30/2018
$122,056,198 5/31/2007
$214,560,950 --
$294,880,285 --
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
2019-04 Monthly Cash Report 8
January 1, 2007 - April 30, 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
04/30/19 276,790,123.45 65,875,626.86 55,133,997.10 155,780,499.49
2019-04 Monthly Cash Report 9
$83,296,822 1/31/2013
$28,657,187 1/1/2007
$58,458,198 --
$63,983,194 --
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 04/30/19 65,875,626.86
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 - April 30, 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
2019-04 Monthly Cash Report 10
$81,992,643 6/30/2018
$26,731,149 1/31/2009
$49,803,350 --
$65,883,865 --
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 04/30/19 55,133,997.10
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 - April 30, 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
2019-04 Monthly Cash Report 11
$185,010,338 6/30/2018
$53,052,887 5/31/2007
$106,426,636 --
$165,395,512 --
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 04/30/19 155,780,499.49
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 - April 30, 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
2019-04 Monthly Cash Report 12