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2019-05 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 May 31, 2019 Controller City of South Bend Monthly Cash Report 2019-05 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, 667, 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 Storm Sewer Fund 667 was established in 2019, but will not start collecting user fees until June. Some stormwater projects have already started, owning to the negative cash balance. - 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. 2019-05 Monthly Cash Report 2 City of South BendController's Cash ReportOpening Interest Transfers TransfersEnding Total Cash & Interfund LoansFund Fund Name Cash Balance Receipts Disbursements Earned InOut Cash Balance Investments Investments (Borrowing)City Controlled FundsGeneral Fund101 GENERAL FUND $26,037,153.61 $1,360,448.82 $6,172,913.26 $70,288.26 $0.00 $0.00 $21,294,977.43 $0.00$21,294,977.43$0.00Special Revenue Funds102 RAINY DAY FUND 10,532,605.75 0.00 0.00 27,715.13 0.00 0.00 10,560,320.88 0.0010,560,320.880.00201 PARKS & RECREATION 6,994,963.42 250,835.36 3,324,339.35 16,123.30 0.00 0.00 3,937,582.73 0.003,937,582.730.00202 MOTOR VEHICLE HIGHWAY 7,493,990.45 600,183.12 2,216,807.78 19,622.64 0.00 0.00 5,896,988.43 0.005,896,988.430.00209 STUDEBAKER/OLIVER REVERTING GRANTS 881,752.27 0.00 16,205.86 2,321.02 0.00 0.00 867,867.43 0.00867,867.43200,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 120,112.93 0.00 4,881.75 319.47 0.00 0.00 115,550.65 0.00115,550.650.00211 DCI OPERATING FUND 543,066.02 10,049.93 275,287.32 1,698.76 0.00 0.00 279,527.39 0.00279,527.390.00212 DEPARTMENT OF COMMUNITY INVESTMENT 314,973.02 152,393.77 79,927.34 672.26 0.00 0.00 388,111.71 0.00388,111.710.00216 POLICE STATE SEIZURES 229,647.63 0.00 0.00 604.28 0.00 0.00 230,251.91 0.00230,251.910.00217 GIFT, DONATION, BEQUEST 317,763.03 1,075.57 2,332.44 648.58 0.00 0.00 317,154.74 0.00317,154.740.00218 POLICE CURFEW VIOLATIONS 13,206.45 0.00 0.00 34.74 0.00 0.00 13,241.19 0.0013,241.190.00219 UNSAFE BUILDING 610,884.75 12,148.85 54,206.59 1,636.70 0.00 0.00 570,463.71 0.00570,463.710.00220 LAW ENFORCEMENT CONTINUING EDUCATION 386,775.06 22,670.40 5,892.33 1,010.90 0.00 0.00 404,564.03 0.00404,564.030.00221 LANDLORD REGISTRATION 10,195.46 200.00 0.00 26.83 0.00 0.00 10,422.29 0.0010,422.290.00227 LOSS RECOVERY FUND 604,900.61 0.00 10,803.11 1,595.56 0.00 0.00 595,693.06 0.00595,693.060.00249 PUBLIC SAFETY L.O.I.T. 3,030,175.82 1,357,954.58 884,337.96 6,557.24 0.00 0.00 3,510,349.68 0.003,510,349.680.00251 LOCAL ROADS & STREETS 4,891,008.12 269,587.10 141,028.89 12,863.68 0.00 0.00 5,032,430.01 0.005,032,430.010.00257 LOIT 2016 SPECIAL DISTRIBUTION 441,347.62 106,236.11 92,838.62 1,289.01 0.00 0.00 456,034.12 0.00456,034.120.00258 HUMAN RIGHTS - FEDERAL GRANT 517,628.48 68,040.00 89,635.32 1,164.96 0.00 0.00 497,198.12 73,993.34571,191.460.00265 LOCAL ROAD & BRIDGE GRANT 331,521.22 0.00 0.00 872.34 0.00 0.00 332,393.56 0.00332,393.560.00266 MVH RESTRICTED(15,850.05)1,351,760.63 52,899.78 0.00 0.00 0.00 1,283,010.80 0.001,283,010.800.00273 MORRIS PAC/PALAIS ROYALE MARKETING 67,468.88 134.00 0.00 172.95 0.00 0.00 67,775.83 0.0067,775.830.00274 MORRIS PAC SELF-PROMOTION 138,529.76 10,661.00 0.00 354.93 0.00 0.00 149,545.69 0.00149,545.690.00280 POLICE BLOCK GRANTS 4,018.21 0.00 0.00 10.57 0.00 0.00 4,028.78 0.004,028.780.00289 HAZMAT 28,041.97 0.00 0.00 73.78 0.00 0.00 28,115.75 0.0028,115.750.00291 INDIANA RIVER RESCUE 242,612.57 26,890.00 6,222.55 629.33 0.00 0.00 263,909.35 0.00263,909.350.00292 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 113,640.27 850.00 518.75 296.44 0.00 0.00 114,267.96 0.00114,267.960.00295 COPS MORE GRANT 189,715.94 927.48 35,648.70 499.20 0.00 0.00 155,493.92 0.00155,493.920.00299 POLICE FEDERAL DRUG ENFORCEMENT 132,650.39 0.00 0.00 282.89 0.00 0.00 132,933.28 0.00132,933.280.00404 COUNTY OPTION INCOME TAX 12,138,809.61 1,743,910.83 304,462.0030,968.89 0.00 0.00 13,609,227.33 0.0013,609,227.33450,253.20408 ECONOMIC DEVELOPMENT INCOME TAX 16,656,232.89 1,843,860.50 418,671.09 41,605.30 0.00 31,612.10 18,091,415.50 0.0018,091,415.500.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 21,758.36 0.00 0.00 45.00 0.00 0.00 21,803.36 0.0021,803.36(450,253.20)655 PROJECT RELEAF 593,771.26 38,079.37 11,244.26 1,523.80 0.00 0.00 622,130.17 0.00622,130.170.00705 POLICE K-9 UNIT 2,350.42 0.00 0.00 6.18 0.00 0.00 2,356.60 0.002,356.600.00Total Special Revenue Funds68,606,984.09 7,868,448.60 8,028,191.79 173,246.66 0.00 31,612.10 68,588,875.46 73,993.3468,662,868.80200,000.00 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)0.00755 SB BUILDING CORPORATION 682,713.37 0.00 0.00 1,143.12 0.00 0.00 683,856.49 0.00683,856.490.00757 2015 PARKS BOND DEBT SERVICE 496,282.48 0.00 0.00 236.57 31,612.10 0.00 528,131.15 0.00528,131.150.00760 EDDY ST. COMMONS DEBT SERVICE 3,455,442.51 0.00 0.00 880.40 0.00 0.00 3,456,322.91 0.003,456,322.910.00Capital Project Funds401 COVELESKI STADIUM CAPITAL 9,211.96 0.00 0.00 87.82 0.00 0.00 9,299.78 0.009,299.780.00406 CUMULATIVE CAPITAL DEVELOPMENT 394,482.57 0.00 107,726.42 1,038.02 0.00 0.00 287,794.17 0.00287,794.170.00407 CUMULATIVE CAPITAL IMPROVEMENT 450,626.04 0.00 0.00 1,185.76 0.000.00 451,811.80 0.00451,811.800.00412 MAJOR MOVES CONSTRUCTION 2,791,990.58 3,157.20 28,233.19 7,373.25 0.00 0.00 2,774,287.84 0.002,774,287.842,587,222.93416 MORRIS PERFORMING ARTS CENTER CAPITAL 411,364.33 10,661.00 14,149.06 1,072.86 0.00 0.00 408,949.13 0.00408,949.130.00450 PALAIS ROYALE HISTORIC PRESERVATION 103,299.04 120.79 0.00 268.56 0.00 0.00 103,688.39 0.00103,688.390.00451 2018 FIRE STATION #9 CAPITAL 1,997,250.93 0.00 529,040.25 6,397.96 0.00 0.00 1,474,608.64 0.001,474,608.640.00452 2018 TIF PARK BOND CAPITAL 7,989,297.36 0.00 242,018.61 22,069.60 0.00 0.00 7,769,348.35 0.007,769,348.350.00453 2018 ZOO BOND CAPITAL 2,429,260.45 0.00 310,534.20 3,002.74 0.00 0.00 2,121,728.99 0.002,121,728.990.00471 2017 PARKS BOND CAPITAL 11,529,515.30 0.00 286,776.64 30,772.53 0.00 0.00 11,273,511.19 0.0011,273,511.190.00750 EQUIPMENT / VEHICLE LEASING 1,301,930.79 0.00 56,485.01 1,883.600.00 0.00 1,247,329.38 0.001,247,329.380.00751 2015 PARKS BOND CAPITAL 393,471.65 0.00 13,596.20 101.02 0.00 0.00379,976.47 0.00379,976.470.00753 SMART STREET BOND CAPITAL 68,893.76 0.00 0.00 17.55 0.00 0.00 68,911.31 0.0068,911.310.00Month of: May 20192019-05 Monthly Cash Report3 City of South BendController's Cash ReportOpening Interest Transfers TransfersEnding Total Cash & Interfund LoansFund Fund Name Cash Balance Receipts Disbursements Earned InOut Cash Balance Investments Investments (Borrowing)Month of: May 2019759 EDDY ST COMMONS CAPITAL 6,891,044.68 0.00 32,512.69 6.55 0.00 0.006,858,538.54 0.006,858,538.540.00Total Capital & Debt Service Funds40,960,541.36 13,938.99 1,621,072.27 77,537.91 31,612.10 0.00 39,462,558.09 0.0039,462,558.092,587,222.93Enterprise Funds287 EMS CAPITAL 3,517,146.22 2,500.00 750,755.13 9,502.56 0.00 0.00 2,778,393.65 0.002,778,393.650.00288 EMS OPERATING 2,192,936.26 499,649.15 686,529.66 5,532.70 0.00 0.00 2,011,588.45 0.002,011,588.450.00600 CONSOLIDATED BUILDING DEPARTMENT 1,967,807.57 147,844.16 424,787.97 5,442.72 0.00 0.00 1,696,306.48 0.001,696,306.480.00601 PARKING GARAGES 1,113,744.91 48,159.75 103,948.29 3,038.53 0.00 0.00 1,060,994.90 0.001,060,994.900.00610 SOLID WASTE OPERATIONS 345,618.47 471,485.57 401,017.09 1,114.220.00 0.00 417,201.17 0.00417,201.170.00611 SOLID WASTE CAPITAL 341,252.81 0.00 147,725.30 690.35 0.00 0.00 194,217.86 0.00194,217.860.00620 WATER WORKS OPERATIONS 3,453,229.07 1,724,696.63 1,293,135.00 7,538.03 22,936.13 438,083.00 3,477,181.86 0.003,477,181.860.00622 WATER WORKS CAPITAL 2,965,728.53 7,915.59 0.00 7,778.24 270,083.00 0.00 3,251,505.36 0.003,251,505.360.00624 WATER WORKS CUSTOMER DEPOSIT 1,494,156.04 9,854.03 11,769.97 3,937.11 0.00 3,937.11 1,492,240.10 0.001,492,240.100.00625 WATER WORKS SINKING FUND 686,111.57 0.00 0.00 1,791.84 168,000.00 1,791.84 854,111.57 0.00854,111.570.00626 WATER WORKS BOND RESERVE 1,435,509.21 0.00 0.00 3,753.96 0.00 9,581.51 1,429,681.66 0.001,429,681.660.00629 WATER WORKS RESERVE - O & M 2,895,721.40 0.00 0.00 7,625.67 0.007,625.67 2,895,721.40 0.002,895,721.400.00640 SEWER REPAIR INSURANCE 2,091,872.37 54,951.06 57,531.71 5,494.050.00 0.00 2,094,785.77 0.002,094,785.770.00641 SEWAGE WORKS OPERATIONS 15,372,747.28 3,376,219.61 2,119,965.3441,066.53 14,617.62 3,948,400.00 12,736,285.70 0.0012,736,285.700.00642 SEWAGE WORKS CAPITAL 9,974,206.97 17,518.50 330,234.21 25,994.063,300,000.00 0.00 12,987,485.32 0.0012,987,485.320.00643 SEWAGE WORKS RESERVE - O & M 5,550,801.29 0.00 0.00 14,617.62 0.00 14,617.62 5,550,801.29 0.005,550,801.290.00649 SEWAGE WORKS BOND SINKING 3,566,606.05 0.00 920,698.30 8,477.70 648,400.00 0.00 3,302,785.45 0.003,302,785.450.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,227,238.42 0.00 0.00 8,154.57 0.00 0.00 4,235,392.99 0.004,235,392.990.00667 STORM SEWER FUND(8,425.00)0.00 28,376.75 0.00 0.00 0.00(36,801.75)0.00(36,801.75)0.00670 CENTURY CENTER 1,866,148.57 11,370.67 163,574.31 0.00 0.00 0.00 1,713,944.93 0.001,713,944.930.00671 CENTURY CENTER CAPITAL 861,601.67 0.00 0.00 1,098.33 0.00 0.00 862,700.00 0.00862,700.000.00672 CENTURY CENTER ENERGY SAVINGS(36,132.82)235,000.00 0.00 53,420.35 0.00 0.00 252,287.53 0.00252,287.530.00Total Enterprise Funds65,875,626.86 6,607,164.72 7,440,049.03 216,069.14 4,424,036.75 4,424,036.75 65,258,811.69 0.0065,258,811.690.00Internal Service Funds222 CENTRAL SERVICES 1,083,476.72 1,050,279.69 993,742.46 1,694.17 0.00 0.00 1,141,708.12 0.001,141,708.120.00224 CENTRAL SERVICES CAPITAL 140,908.54 0.00 3,226.00 373.29 0.00 0.00138,055.83 0.00138,055.830.00226 LIABILITY INSURANCE 3,888,517.79 525,508.51 324,023.06 9,924.63 0.00 0.00 4,099,927.87 0.004,099,927.870.00278 TAKE HOME VEHICLE POLICE 756,492.94 720.00 0.00 1,990.51 0.00 0.00759,203.45 0.00759,203.450.00279 IT / INNOVATION / 311 CALL CENTER 2,890,164.03 669,971.92 973,314.19 6,405.61 0.00 0.00 2,593,227.37 0.002,593,227.370.00711 SELF-FUNDED EMPLOYEE BENEFITS 10,152,337.18 1,077,522.49 1,309,818.04 28,718.10 0.00 0.00 9,948,759.73 0.009,948,759.730.00713 UNEMPLOYMENT COMP FUND 187,132.52 0.00 0.00 518.60 0.00 0.00 187,651.12 0.00187,651.120.00714 PARENTAL LEAVE FUND 38,489.22 17,990.16 18,524.40 110.90 0.00 0.0038,065.88 0.0038,065.880.00Total Internal Service Funds19,137,518.94 3,341,992.77 3,622,648.15 49,735.81 0.00 0.00 18,906,599.37 0.0018,906,599.370.00Trust & Agency Funds701 FIREFIGHTERS PENSION (1,174,234.62)0.00 364,523.59 0.00 0.00 0.00(1,538,758.21)0.00(1,538,758.21)0.00702 POLICE PENSION (1,265,698.93)80.05 627,185.40 0.00 0.00 0.00(1,892,804.28)0.00(1,892,804.28)0.00709 PAYROLL FUND 0.00 11,303,961.04 11,303,961.04 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 278,354.48 411,853.54 278,354.48 0.00 0.00 0.00 411,853.54 0.00411,853.540.00725 MORRIS / PALAIS BOX OFFICE 1,861,617.50 0.00 218,637.42 0.00 0.000.00 1,642,980.08 0.001,642,980.080.00726 POLICE DISTRIBUTIONS PAYABLE 850,743.39 6,712.08 0.00 0.00 0.00 0.00 857,455.47 0.00857,455.470.00730 CITY CEMETERY TRUST 29,173.92 0.00 0.00 76.76 0.00 0.00 29,250.68 0.0029,250.680.00731 BOWMAN CEMETERY 458,345.75 0.00 0.00 1,804.76 0.00 0.00 460,150.51 0.00460,150.510.00Total Trust & Agency Funds1,038,301.49 11,722,606.71 12,792,661.93 1,881.52 0.00 0.00(29,872.21)0.00(29,872.21)0.00Total City Funds221,656,126.35 30,914,600.61 39,677,536.43 588,759.30 4,455,648.85 4,455,648.85 213,481,949.83 73,993.34 213,555,943.17 2,787,222.932019-05 Monthly Cash Report4 City of South BendController's Cash ReportOpening Interest Transfers TransfersEnding Total Cash & Interfund LoansFund Fund Name Cash Balance Receipts Disbursements Earned InOut Cash Balance Investments Investments (Borrowing)Month of: May 2019Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 25,277,116.89 40,438.40 894,272.53 65,359.13 7,320.80 0.00 24,495,962.69 0.0024,495,962.69(200,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,744,723.04 0.00 121,832.02 4,644.45 0.00 0.00 1,627,535.47 0.001,627,535.470.00425 REDEVELOPMENT RETAIL AREA 858.31 19.88 19.88 0.00 0.00 0.00 858.31 0.00858.310.00429 TIF RIVER EAST DEV (NE) 9,323,729.62 0.00 544,482.48 26,600.840.00 0.00 8,805,847.98 0.008,805,847.980.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 8,573,448.48 0.00 307,504.5023,438.66 0.00 0.00 8,289,382.64 0.008,289,382.640.00435 TIF DOUGLAS ROAD 205,651.54 0.00 8,750.00 541.14 0.00 0.00 197,442.68 0.00197,442.680.00436 TIF RIVER EAST RES (NE RE) 872,192.37 0.00 0.00 2,295.06 0.00 0.00 874,487.43 0.00874,487.43(2,587,222.93)Total Tax Increment Financing Funds45,997,720.25 40,458.28 1,876,861.41 122,879.28 7,320.80 0.00 44,291,517.20 0.0044,291,517.20(2,787,222.93)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 643,225.20 5,863.00 0.00 1,677.65 0.00 0.00 650,765.85 0.00650,765.850.00439 CERTIFIED TECHNOLOGY PARK 628,236.40 0.00 0.00 1,653.12 0.00 0.00 629,889.52 0.00629,889.520.00454 AIRPORT URBAN ENTERPRISE ZONE 396,194.22 0.00 0.00 1,042.52 0.000.00 397,236.74 0.00397,236.740.00754 INDUSTRIAL REVOLVING FUND 1,743,564.00 16,042.00 8,514.00 27,148.00 0.00 0.00 1,778,240.00 0.001,778,240.000.00Total Redevelopment Funds3,411,219.82 21,905.00 8,514.00 31,521.29 0.00 0.00 3,456,132.11 0.003,456,132.110.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 2,739.97 0.00 2,739.97 1,040,462.24 0.001,040,462.240.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 4,580.83 0.00 4,580.83 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 999,914.44 0.00 0.00 2,631.14 0.00 0.00 1,002,545.58 0.001,002,545.580.00752 SB REDEVELOPMENT AUTHORITY 213,281.45 198,500.00 0.00 415.37 0.000.00 412,196.82 0.00412,196.820.00756 SMARTS STREETS DEBT SERVICE 1,731,904.04 0.00 1,650.00 441.28 0.00 0.00 1,730,695.32 0.001,730,695.320.00Total Debt Service Funds5,725,057.03 198,500.00 1,650.00 10,808.59 0.00 7,320.80 5,925,394.820.005,925,394.820.00Total Redevelopment Commission Funds55,133,997.10 260,863.28 1,887,025.41 165,209.16 7,320.80 7,320.80 53,673,044.13 0.00 53,673,044.13(2,787,222.93)City Operations Total276,790,123.45 31,175,463.89 41,564,561.84 753,968.46 4,462,969.65 4,462,969.65 267,154,993.96 73,993.34 267,228,987.30 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 Account185,311,149.10 457,748.09 0.00 108,723.64 0.00 510,609.78 185,367,011.05 185,367,011.052019-05 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 Requirement101 General Fund 21,294,977 1,154,898 20,140,079 22,943,592 (2,803,513) 31% Property tax distribution received in June & Dec35% of Annual expenditures201 Parks & Recreation 3,937,583 4,046,627 (109,044) 5,343,276 (5,452,320) -1% Property tax distribution received in June & Dec25% of Annual expenditures211 DCI Administration Fund 279,527 100,524 179,003 788,167 (609,164) 6% Receives quarterly interfund transfers to cover25% of Annual expenditures222 Central Services 1,141,708 21,806 1,119,902 1,197,546 (77,644) 23% Just under reserve target25% of Annual expenditures, excluding utility accounting406 Cumulative Capital Development 287,794 245,368 42,426 204,530 (162,104) 5% Encumbrances reflect total annual debt payments25% of Annual expenditures436 River East Residential (Ne Res TIF) 874,487 - 874,487 1,068,750 (194,263) 20% Property tax distribution received in June & Dec25% of Annual expenditures610 Solid Waste Operations 417,201 451,029 (33,828) 552,998 (586,826) -1% High encumbrances10% of Annual expenditures667 Storm Sewer Fund(36,802) 87,963 (124,765) 150,000 (274,765) -21% New fund, storm water fee revenue to begin in June25% of Annual expenditures701 Firefighters Pension (1,538,758) - (1,538,758) 511,246 (2,050,004) -30% Pension payments received in June & Sept10% of Annual expenditures702 Police Pension (1,892,804) - (1,892,804) 635,590 (2,528,394) -30% Pension payments received in June & Sept10% of Annual expenditures714 Parental Leave Fund 38,066 - 38,066 38,924 (858) 24% Just under reserve target25% of Annual expenditures24,802,980 6,108,215 18,694,764 33,434,619 (14,739,855) Meets or Exceeds Requirement102 Rainy Day Fund 10,560,321 - 10,560,321 9,142,632 1,417,689 3%3% of total expenditures in previous fiscal year, excluding one-time capital expenditures202 Motor Vehicle Highway 5,896,988 988,190 4,908,799 3,829,557 1,079,242 32%25% of Annual expenditures216 Police State Seizures 230,252 - 230,252 8,000 222,252 720%25% of Annual expenditures218 Police Curfew Violations 13,241 - 13,241 250 12,991 1324%25% of Annual expenditures219 Unsafe Building 570,464 129,710 440,753 260,859 179,894 42%25% of Annual expenditures220 Law Enforce. Continuing Education 404,564 48,434 356,130 129,387 226,743 69%25% of Annual expenditures226 Liability Insurance 4,099,928 224,108 3,875,820 2,178,828 1,696,992 89%50% of Annual expenditures249 Public Safety L.O.I.T. 3,510,350 - 3,510,350 685,324 2,825,026 41% 8% of Annual expenditures - one month reserve251 Local Roads & Streets 5,032,430 1,040,101 3,992,329 1,773,678 2,218,651 56%25% of Annual expenditures258 Human Rights - Federal Grant 571,191 13,204 557,987 58,747 499,240 237%25% of Annual expenditures273 Morris PAC/Palais Royale Marketing 67,776 - 67,776 7,500 60,276 226%25% of Annual expenditures274 Morris PAC/Self-Promotion 149,546 - 149,546 18,750 130,796 199%25% of Annual expenditures278 Take Home Vehicle Police 759,203 - 759,203 750,000 9,203 1518%Set dollar amount of $750,000287 EMS Capital 2,778,394 1,067,421 1,710,972 875,569 835,403 49%25% of Annual expenditures288 EMS Operating 2,011,588 89,506 1,922,083 1,607,667 314,416 30%25% of Annual expenditures289 HAZMAT 28,116 - 28,116 2,618 25,498 268%25% of Annual expenditures291 Indiana River Rescue 263,909 2,506 261,403 33,816 227,587 193%25% of Annual expenditures294 Regional Police Academy 114,268 - 114,268 5,625 108,643 508%25% of Annual expenditures299 Police Federal Drug Enforcement 132,933 - 132,933 12,750 120,183 261%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) 24,495,963 9,594,347 14,901,615 10,871,238 4,030,377 34%25% of Annual expenditures351 2018 TIF Park Bond Debt Svc Reserve 1,002,546 - 1,002,546 1,002,546 - 100% 100% debt service reserve per bond covenants404 County Option Income Tax 13,609,227 2,037,728 11,571,500 7,598,464 3,973,036 76%50% of Annual expenditures407 Cumulative Capital Improvement 451,812 - 451,812 7,000 444,812 1614%25% of Annual expenditures408 Economic Development Income Tax 18,091,416 3,888,025 14,203,390 7,101,601 7,101,789 100%50% of Annual expenditures416 Morris Performing Arts Center Capital 408,949 4,443 404,506 56,366 348,140 179%25% of Annual expenditures422 TIF District - West Washington 1,627,535 676,285 951,251 423,783 527,468 56%25% of Annual expenditures425 Redevelopment Retail Area 858 - 858 - 858 100%25% of Annual expenditures429 River East Dev TIF (Northeast TIF) 8,805,848 3,409,910 5,395,938 3,050,496 2,345,442 44%25% of Annual expenditures430 TIF Southside Development Area #1 8,289,383 759,454 7,529,929 2,588,182 4,941,747 73%25% of Annual expenditures433 Redev Administration General 650,766 - 650,766 268,500 382,266 61%25% of Annual expenditures435 TIF - Douglas Road 197,443 100,050 97,393 20,800 76,593 47%10% of Annual expenditures450 Palais Royale Historic Preservation 103,688 5,430 98,258 27,992 70,266 88%25% of Annual expenditures600 Consolidated Building Department 1,696,306 206,743 1,489,564 1,242,076 247,488 30%25% of Annual expenditures601 Parking Garages 1,060,995 31,467 1,029,527 476,646 552,881 54%25% of Annual expenditures620 Water Works Operations 3,477,182 1,927,233 1,549,949 1,140,646 409,303 7%5% of Annual expenditures624 Water Works Customer Deposit 1,492,240 - 1,492,240 1,492,240 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 854,112 2,014,541 (1,160,430) (1,160,430) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants626 Water Works Bond Reserve 1,429,682 - 1,429,682 1,429,682 - 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 2,094,786 70,699 2,024,087 165,797 1,858,290 305%25% of Annual expenditures641 Sewage Works Operations 12,736,286 5,975,513 6,760,773 2,307,147 4,453,626 15%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 transfersMay 31, 20192019-05 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 PolicyMay 31, 2019649 Sewage Works Bond Sinking 3,302,785 6,851,977 (3,549,192) (3,549,192) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants653 Sewage Works Debt Service Reserve 4,235,393 - 4,235,393 4,235,393 - 100%100% cash reserves per bond covenants and Crowe Horwath655 Project Releaf 622,130 - 622,130 168,741 453,389 92%25% of Annual expenditures670 Century Center 1,713,945 34,417 1,679,528 1,127,471 552,057 37%25% of Annual expenditures671 Century Center Capital 862,700 - 862,700 800,000 62,700 4314%$800,000 Minimum per Board of Managers705 Police K-9 Unit 2,357 - 2,357 505 1,852 117%25% of Annual expenditures711 Self-Funded Employee Benefits 9,948,760 816,029 9,132,731 4,155,747 4,976,984 55%25% of Annual expenditures713 Unemployment Comp Fund 187,651 - 187,651 17,500 170,151 268%25% of Annual expenditures718 State Tax Withholding Fund 411,854 - 411,854 411,854 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 1,642,980 - 1,642,980 1,642,980 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 857,455 - 857,455 857,455 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 29,251 - 29,251 - 29,251 100%25% of Annual expenditures731 Bowman Cemetery 460,151 - 460,151 400,000 60,151 100%$400,000 minimum752 South Bend Redevelopment Authority 412,197 - 412,197 412,197 - 100%100% cash reserves per bond covenants753 Smart Street Bond Capital 68,911 - 68,911 68,911 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 683,856 - 683,856 683,856 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 1,730,695 - 1,730,695 1,730,695 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 528,131 - 528,131 528,131 - 100%100% cash reserves per bond covenants760 Eddy St. Commons Debt Service 3,456,323 - 3,456,323 2,500,000 956,323 266%$2,500,000 minimum182,156,489 42,007,471 140,149,017 88,881,419 51,267,598 No Reserve Requirement209 Studebaker/Oliver Revitalizing Grants 867,867 166,184 701,683 - 701,683 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 115,551 93,019 22,531 - 22,531 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Federal Grants 388,112 2,263,941 (1,875,829) - (1,875,829) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 317,155 2,883 314,272 - 314,272 100%No reserve requirement221 Landlord Registration 10,422 - 10,422 - 10,422 100%No reserve requirement224 Central Services Capital 138,056 - 138,056 - 138,056 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 595,693 11,406 584,288 - 584,288 100%No reserve requirement257 LOIT 2016 Special Distribution 456,034 465,658 (9,624) - (9,624) 100% High encumbrancesNo reserve requirement265 Local Road & Bridge Grant 332,394 82,493 249,900 - 249,900 100%No reserve requirement - Grant fund - spend down to zero266 MVH Restricted 1,283,011 401,013 881,998 - 881,998 100%New fund - reserve requirement to be determined279 IT / Innovation / 311 Call Center 2,593,227 1,524,623 1,068,604 - 1,068,604 100% Reimbursed through interfund allocationNo reserve requirement280 Police Block Grants 4,029 - 4,029 - 4,029 100%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 155,494 8,785 146,709 - 146,709 100%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 9,300 - 9,300 - 9,300 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 21,803 - 21,803 - 21,803 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,774,288 1,200,126 1,574,162 - 1,574,162 100%No reserve requirement - Capital fund - spend down to zero439 Certified Technology Park 629,890 600,000 29,890 - 29,890 100%No reserve requirement451 2018 Fire St #9 Capital 1,474,609 1,178,657 295,952 - 295,952 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 7,769,348 2,168,364 5,600,985 - 5,600,985 100%No reserve requirement - Bond capital fund - spend down to zero453 2018 Zoo Bond Capital 2,121,729 - 2,121,729 - 2,121,729 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 397,237 - 397,237 - 397,237 100%No reserve requirement471 2017 Parks Bond Capital 11,273,511 1,794,449 9,479,062 - 9,479,062 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 194,218 480,838 (286,620) - (286,620) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 3,251,505 799,077 2,452,428 - 2,452,428 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 12,987,485 7,967,498 5,019,987 - 5,019,987 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings 252,288 207,863 44,425 - 44,425 100% Encumbrances reflect total annual debt paymentsNo reserve requirement750 Equipment/Vehicle Leasing 1,247,329 198,968 1,048,362 - 1,048,362 100% No reserve requirement - Capital lease fund - spend down to zero751 2015 Parks Bond Capital 379,976 258,689 121,288 - 121,288 100% No reserve requirement - Bond capital fund - spend down to zero754 Industrial Revolving Fund 1,778,240 - 1,778,240 - 1,778,240 100%No City reserve requirement; there are program requirements759 Eddy St Commons Capital 6,858,539 - 6,858,539 - 6,858,539 100%No reserve requirement - Bond capital fund - spend down to zero60,269,518 22,472,289 37,797,230 - 37,797,230 City Operations Total 267,228,987 70,587,976 196,641,011 122,316,038 74,324,973 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrances2019-05 Monthly Cash Report7 January 1, 2007 - May 31, 2019 $329,782,565 6/30/2018 $122,056,198 5/31/2007 $214,912,070 -- $294,340,671 -- 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 2019-05 Monthly Cash Report 8 January 1, 2007 - May 31, 2019 City of South Bend Cash Balances - All Funds Enterprise Redevelopment Civil City Enterprise Redevelopment Civil City Date Total Cash Funds Funds Funds 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 05/31/19 267,228,987.30 65,258,811.69 53,673,044.13 148,297,131.48 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 2019-05 Monthly Cash Report 9 $83,296,822 1/31/2013 $28,657,187 1/1/2007 $58,503,535 -- $64,340,543 -- 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 05/31/19 65,258,811.69 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 - May 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 2019-05 Monthly Cash Report 10 $81,992,643 6/30/2018 $26,731,149 1/31/2009 $49,829,148 -- $65,648,526 -- 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 05/31/19 53,673,044.13 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 - May 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 2019-05 Monthly Cash Report 11 $185,010,338 6/30/2018 $53,052,887 5/31/2007 $106,705,772 -- $164,733,888 -- 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 05/31/19 148,297,131.48 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 - May 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 2019-05 Monthly Cash Report 12