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2019-06 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 Genevieve Miller Common Council Department Heads Fiscal Officers June 30, 2019 Controller City of South Bend Monthly Cash Report 2019-06 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 667 has a negative cash balance. - The Storm Sewer Fund 667 was established in 2019, but did not start collecting user fees until June. Some stormwater projects have already started, owning to the negative cash balance. 2019-06 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 $21,294,977.43 $26,194,596.40 $4,653,072.57 $53,112.47 $0.00 $152,013.00 $42,737,600.73 $0.00$42,737,600.73$0.00Special Revenue Funds102 RAINY DAY FUND 10,560,320.88 0.00 0.00 24,030.59 0.00 0.00 10,584,351.47 0.0010,584,351.470.00201 PARKS & RECREATION 3,937,582.73 6,190,041.85 1,143,520.21 14,166.73 100,000.00 0.00 9,098,271.10 0.009,098,271.100.00202 MOTOR VEHICLE HIGHWAY 5,896,988.43 345,516.76 597,211.71 16,198.77 946,937.50 625,000.00 5,983,429.75 0.005,983,429.750.00209 STUDEBAKER/OLIVER REVERTING GRANTS 867,867.43 0.00 1,881.50 1,982.35 0.00 0.00 867,968.28 0.00867,968.28200,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 115,550.65 0.00 22,884.36 265.08 0.00 0.00 92,931.37 0.0092,931.370.00211 DCI OPERATING FUND 279,527.39 16,232.30 209,331.60 964.39 587,658.25 0.00 675,050.73 0.00675,050.730.00212 DEPARTMENT OF COMMUNITY INVESTMENT 388,111.71 92,150.88 130,593.06 670.01 0.00 0.00 350,339.54 0.00350,339.540.00216 POLICE STATE SEIZURES 230,251.91 183.98 0.00 523.95 0.00 0.00 230,959.84 0.00230,959.840.00217 GIFT, DONATION, BEQUEST 317,154.74 211,859.73 17,315.31 722.15 76,493.34 0.00 588,914.65 73,993.34662,907.990.00218 POLICE CURFEW VIOLATIONS 13,241.19 12.50 0.00 30.13 0.00 0.00 13,283.82 0.0013,283.820.00219 UNSAFE BUILDING 570,463.71 26,738.38 50,909.31 1,358.76 170,372.75 0.00 718,024.29 0.00718,024.290.00220 LAW ENFORCEMENT CONTINUING EDUCATION 404,564.03 15,537.00 12,984.65 896.35 0.00 0.00 408,012.73 0.00408,012.730.00221 LANDLORD REGISTRATION 10,422.29 1,250.00 0.00 23.27 0.00 0.00 11,695.56 0.0011,695.560.00227 LOSS RECOVERY FUND 595,693.06 0.00 0.00 1,365.62 0.00 0.00 597,058.68 0.00597,058.680.00249 PUBLIC SAFETY L.O.I.T. 3,510,349.68 713,379.58 715,446.71 6,650.74 0.00 0.00 3,514,933.29 0.003,514,933.290.00251 LOCAL ROADS & STREETS 5,032,430.01 159,766.06 260,065.09 11,344.14 625,000.00 0.00 5,568,475.12 0.005,568,475.120.00257 LOIT 2016 SPECIAL DISTRIBUTION 456,034.12 16,123.60 40,142.49 1,078.64 0.00 0.00 433,093.87 0.00433,093.870.00258 HUMAN RIGHTS - FEDERAL GRANT 571,191.46 1,850.21 53,041.91 1,072.32 0.00 76,493.34 444,578.74 0.00444,578.740.00265 LOCAL ROAD & BRIDGE GRANT 332,393.56 0.00 0.00 756.38 0.00 0.00 333,149.94 0.00333,149.940.00266 MVH RESTRICTED 1,283,010.80 285,253.07 219,797.28 0.00 0.00 0.00 1,348,466.59 0.001,348,466.590.00273 MORRIS PAC/PALAIS ROYALE MARKETING 67,775.83 1,200.00 1,433.70 153.95 0.00 0.00 67,696.08 0.0067,696.080.00274 MORRIS PAC SELF-PROMOTION 149,545.69 1,059.00 0.00 317.61 0.00 0.00 150,922.30 0.00150,922.300.00280 POLICE BLOCK GRANTS 4,028.78 0.00 0.00 9.16 0.00 0.00 4,037.94 0.004,037.940.00289 HAZMAT 28,115.75 0.00 0.00 63.98 0.00 0.00 28,179.73 0.0028,179.730.00291 INDIANA RIVER RESCUE 263,909.35 1,950.00 3,128.71 571.76 0.00 0.00263,302.40 0.00263,302.400.00292 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 114,267.96 175.00 418.71 259.96 0.00 0.00 114,284.21 0.00114,284.210.00295 COPS MORE GRANT 155,493.92 707.20 960.00 369.06 0.00 0.00 155,610.18 0.00155,610.180.00299 POLICE FEDERAL DRUG ENFORCEMENT 132,933.28 0.00 21,000.00 289.880.00 0.00 112,223.16 0.00112,223.160.00404 COUNTY OPTION INCOME TAX 13,609,227.33 1,012,357.83 498,551.9528,457.67 0.00 1,191,082.25 12,960,408.63 0.0012,960,408.63450,253.20408 ECONOMIC DEVELOPMENT INCOME TAX 18,091,415.50 968,342.42 288,036.24 38,284.17 0.00 1,382,134.60 17,427,871.25 0.0017,427,871.250.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 21,803.36 0.00 0.00 49.62 0.00 0.00 21,852.98 0.0021,852.98(450,253.20)655 PROJECT RELEAF 622,130.17 33,910.99 3,383.44 1,396.98 0.00 137,500.00 516,554.70 0.00516,554.700.00705 POLICE K-9 UNIT 2,356.60 0.00 0.00 5.36 0.00 0.00 2,361.96 0.002,361.960.00Total Special Revenue Funds68,662,868.80 10,095,598.34 4,292,037.94 154,329.53 2,506,461.84 3,412,210.19 73,715,010.38 73,993.3473,789,003.72200,000.00 Debt Service Fund312 2017 PARKS BOND DEBT SERVICE(435,536.44)665,211.80 0.00 0.00 0.00 0.00 229,675.36 0.00229,675.360.00755 SB BUILDING CORPORATION 683,856.49 0.00 0.00 1,118.32 0.00 0.00 684,974.81 0.00684,974.810.00757 2015 PARKS BOND DEBT SERVICE 528,131.15 0.00 0.00 298.08 31,612.10 0.00 560,041.33 0.00560,041.330.00760 EDDY ST. COMMONS DEBT SERVICE 3,456,322.91 0.00 0.00 852.23 0.00 0.00 3,457,175.14 0.003,457,175.140.00Capital Project Funds401 COVELESKI STADIUM CAPITAL 9,299.78 0.00 0.00 21.12 0.00 0.00 9,320.90 0.009,320.900.00406 CUMULATIVE CAPITAL DEVELOPMENT 287,794.17 264,950.25 0.00 876.29 0.00 0.00 553,620.71 0.00553,620.710.00407 CUMULATIVE CAPITAL IMPROVEMENT 451,811.80 111,613.75 0.00 1,028.12 0.00 0.00 564,453.67 0.00564,453.670.00412 MAJOR MOVES CONSTRUCTION 2,774,287.84 4,701.53 19,076.05 6,361.75 0.00 0.00 2,766,275.07 0.002,766,275.072,587,222.93416 MORRIS PERFORMING ARTS CENTER CAPITAL 408,949.13 1,059.00 993.75 914.11 0.00 0.00 409,928.49 0.00409,928.490.00450 PALAIS ROYALE HISTORIC PRESERVATION 103,688.39 1,561.40 0.00 235.69 0.00 0.00 105,485.48 0.00105,485.480.00451 2018 FIRE STATION #9 CAPITAL 1,474,608.64 0.00 0.00 4,131.31 0.000.00 1,478,739.95 0.001,478,739.950.00452 2018 TIF PARK BOND CAPITAL 7,769,348.35 0.00 16,490.00 18,042.560.00 0.00 7,770,900.91 0.007,770,900.910.00453 2018 ZOO BOND CAPITAL 2,121,728.99 0.00 331,790.23 2,505.28 0.00 0.00 1,792,444.04 0.001,792,444.040.00471 2017 PARKS BOND CAPITAL 11,273,511.19 0.00 56,332.47 26,104.02 0.00 0.00 11,243,282.74 0.0011,243,282.740.00750 EQUIPMENT / VEHICLE LEASING 1,247,329.38 0.00 0.00 1,211.49 0.00 0.00 1,248,540.87 0.001,248,540.870.00751 2015 PARKS BOND CAPITAL 379,976.47 0.00 4,150.00 96.88 0.00 0.00 375,923.35 0.00375,923.350.00753 SMART STREET BOND CAPITAL 68,911.31 0.00 0.00 16.99 0.00 0.00 68,928.30 0.0068,928.300.00Month of: June 20192019-06 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: June 2019759 EDDY ST COMMONS CAPITAL 6,858,538.54 0.00 727,628.99 6.34 0.00 0.00 6,130,915.89 0.006,130,915.890.00Total Capital & Debt Service Funds39,462,558.09 1,049,097.73 1,156,461.49 63,820.58 31,612.10 0.00 39,450,627.01 0.0039,450,627.012,587,222.93Enterprise Funds287 EMS CAPITAL 2,778,393.65 0.00 168,883.95 7,287.23 136,423.75 0.002,753,220.68 0.002,753,220.680.00288 EMS OPERATING 2,011,588.45 500,232.90 536,698.23 5,867.63 247,234.00 0.00 2,228,224.75 0.002,228,224.750.00600 CONSOLIDATED BUILDING DEPARTMENT 1,696,306.48 164,426.67 320,850.62 4,292.47 632,227.25 39,735.75 2,136,666.50 0.002,136,666.500.00601 PARKING GARAGES 1,060,994.90 92,684.25 45,037.88 2,514.45 0.00 0.00 1,111,155.72 0.001,111,155.720.00610 SOLID WASTE OPERATIONS 417,201.17 418,415.08 369,604.71 1,016.520.00 200,000.00 267,028.06 0.00267,028.060.00611 SOLID WASTE CAPITAL 194,217.86 0.00 91.25 745.62 200,000.00 0.00 394,872.23 0.00394,872.230.00620 WATER WORKS OPERATIONS 3,477,181.86 1,724,035.37 1,647,289.81 6,452.90 11,878.49 438,083.00 3,134,175.81 0.003,134,175.810.00622 WATER WORKS CAPITAL 3,251,505.36 6,412.50 177,117.32 7,272.21 270,083.00 0.00 3,358,155.75 0.003,358,155.750.00624 WATER WORKS CUSTOMER DEPOSIT 1,492,240.10 12,649.56 13,039.94 3,403.43 0.00 3,403.43 1,491,849.72 0.001,491,849.720.00625 WATER WORKS SINKING FUND 854,111.57 0.00 263,619.30 1,872.82 168,000.00 1,872.82 758,492.27 0.00758,492.270.00626 WATER WORKS BOND RESERVE 1,429,681.66 0.00 0.00 3,250.62 0.00 0.001,432,932.28 0.001,432,932.280.00629 WATER WORKS RESERVE - O & M 2,895,721.40 0.00 0.00 6,602.24 0.006,602.24 2,895,721.40 0.002,895,721.400.00640 SEWER REPAIR INSURANCE 2,094,785.77 49,167.96 49,221.99 4,770.010.00 0.00 2,099,501.75 0.002,099,501.750.00641 SEWAGE WORKS OPERATIONS 12,736,285.70 2,831,052.33 2,296,805.3435,642.98 62,655.82 4,538,676.00 8,830,155.49 0.008,830,155.490.00642 SEWAGE WORKS CAPITAL 12,987,485.32 15,457.50 913,841.47 23,084.97 0.00 0.00 12,112,186.32 0.0012,112,186.320.00643 SEWAGE WORKS RESERVE - O & M 5,550,801.29 0.00 0.00 12,655.82 0.00 12,655.82 5,550,801.29 0.005,550,801.290.00649 SEWAGE WORKS BOND SINKING 3,302,785.45 0.00 0.00 8,647.34 4,538,676.00 0.00 7,850,108.79 0.007,850,108.790.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,235,392.99 0.00 0.00 7,901.73 0.00 0.00 4,243,294.72 0.004,243,294.720.00654 SEWAGE WORKS DEPOSIT FUND 0.00 1,911.48 1,096.04 0.00 0.00 0.00 815.44 0.00815.440.00667 STORM SEWER FUND(36,801.75)652.24 150.33 0.00 0.00 0.00(36,299.84)0.00(36,299.84)0.00670 CENTURY CENTER 1,713,944.93 5,504.00 89,079.38 0.00 0.00 0.00 1,630,369.55 0.001,630,369.550.00671 CENTURY CENTER CAPITAL 862,700.00 0.00 0.00 1,064.24 0.00 0.00 863,764.24 0.00863,764.240.00672 CENTURY CENTER ENERGY SAVINGS 252,287.53 0.00 0.00 70.93 0.00 0.00252,358.46 0.00252,358.460.00Total Enterprise Funds65,258,811.69 5,822,601.84 6,892,427.56 144,416.16 6,267,178.31 5,241,029.06 65,359,551.38 0.0065,359,551.380.00Internal Service Funds222 CENTRAL SERVICES 1,141,708.12 1,065,260.66 981,242.22 1,569.49 0.00 0.00 1,227,296.05 0.001,227,296.050.00224 CENTRAL SERVICES CAPITAL 138,055.83 0.00 0.00 317.23 0.00 0.00 138,373.06 0.00138,373.060.00226 LIABILITY INSURANCE 4,099,927.87 946,325.77 208,938.43 8,838.92 0.00 0.00 4,846,154.13 0.004,846,154.130.00278 TAKE HOME VEHICLE POLICE 759,203.45 480.00 474.25 1,726.78 0.00 0.00 760,935.98 0.00760,935.980.00279 IT / INNOVATION / 311 CALL CENTER 2,593,227.37 676,683.80 462,841.18 5,793.96 0.00 0.00 2,812,863.95 0.002,812,863.950.00711 SELF-FUNDED EMPLOYEE BENEFITS 9,948,759.73 1,096,976.13 1,396,850.19 24,515.81 0.00 0.00 9,673,401.48 0.009,673,401.480.00713 UNEMPLOYMENT COMP FUND 187,651.12 0.00 2,396.06 426.99 0.00 0.00 185,682.05 0.00185,682.050.00714 PARENTAL LEAVE FUND 38,065.88 12,219.19 19,484.19 85.90 0.00 0.00 30,886.78 0.0030,886.780.00Total Internal Service Funds18,906,599.37 3,797,945.55 3,072,226.52 43,275.08 0.00 0.00 19,675,593.48 0.0019,675,593.480.00Trust & Agency Funds701 FIREFIGHTERS PENSION (1,538,758.21)2,235,496.59 363,681.76 0.00 0.00 0.00 333,056.62 0.00333,056.620.00702 POLICE PENSION (1,892,804.28)3,058,183.82 513,680.20 0.00 0.00 0.00 651,699.34 0.00651,699.340.00709 PAYROLL FUND 0.00 8,809,096.90 8,809,096.90 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 411,853.54 299,748.73 411,853.54 0.00 0.00 0.00 299,748.73 0.00299,748.730.00725 MORRIS / PALAIS BOX OFFICE 1,642,980.08 48,487.89 0.00 0.00 0.00 0.00 1,691,467.97 0.001,691,467.970.00726 POLICE DISTRIBUTIONS PAYABLE 857,455.47 0.00 122.55 0.00 0.00 0.00857,332.92 0.00857,332.920.00730 CITY CEMETERY TRUST 29,250.68 0.00 0.00 66.56 0.00 0.00 29,317.24 0.0029,317.240.00731 BOWMAN CEMETERY 460,150.51 0.00 0.00 1,044.20 0.00 0.00 461,194.71 0.00461,194.710.00Total Trust & Agency Funds(29,872.21)14,451,013.93 10,098,434.95 1,110.76 0.00 0.00 4,323,817.53 0.004,323,817.530.00Total City Funds213,555,943.17 61,410,853.79 30,164,661.03 460,064.58 8,805,252.25 8,805,252.25 245,262,200.51 73,993.34 245,336,193.85 2,787,222.932019-06 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: June 2019Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 24,495,962.69 11,648,860.39 1,833,930.63 58,143.17 6,338.30 0.00 34,375,373.92 0.0034,375,373.92(200,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,627,535.47 144,024.62 123,500.00 3,852.15 0.00 0.00 1,651,912.24 0.001,651,912.240.00425 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) 8,805,847.98 1,642,173.99 391,152.75 20,810.87 0.00 0.00 10,077,680.09 0.0010,077,680.090.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 8,289,382.64 1,403,891.56 292,221.96 19,313.37 0.00 0.00 9,420,365.61 0.009,420,365.610.00435 TIF DOUGLAS ROAD 197,442.68 0.00 0.00 466.63 0.00 0.00 197,909.31 0.00197,909.310.00436 TIF RIVER EAST RES (NE RE) 874,487.43 2,798,588.72 0.00 1,989.94 0.00 0.00 3,675,066.09 0.003,675,066.09(2,587,222.93)Total Tax Increment Financing Funds44,291,517.20 17,637,559.16 2,640,825.22 104,576.13 6,338.30 0.00 59,399,165.57 0.0059,399,165.57(2,787,222.93)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 650,765.85 19,602.00 0.00 1,472.69 0.00 0.00 671,840.54 0.00671,840.540.00439 CERTIFIED TECHNOLOGY PARK 629,889.52 0.00 55,389.12 1,433.35 0.000.00 575,933.75 0.00575,933.750.00454 AIRPORT URBAN ENTERPRISE ZONE 397,236.74 0.00 0.00 903.94 0.00 0.00 398,140.68 0.00398,140.680.00754 INDUSTRIAL REVOLVING FUND 1,778,240.00 2,480.00 59,311.00 22,369.00 0.00 0.00 1,743,778.00 0.001,743,778.000.00Total Redevelopment Funds3,456,132.11 22,082.00 114,700.12 26,178.98 0.00 0.00 3,389,692.97 0.003,389,692.970.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 2,372.25 0.00 2,372.25 1,040,462.24 0.001,040,462.240.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 3,966.05 0.00 3,966.05 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 1,002,545.58 0.00 0.00 2,281.35 0.00 0.00 1,004,826.93 0.001,004,826.930.00752 SB REDEVELOPMENT AUTHORITY 412,196.82 0.00 356,806.25 581.51 0.000.00 55,972.08 0.0055,972.080.00756 SMARTS STREETS DEBT SERVICE 1,730,695.32 0.00 0.00 427.08 0.00 0.00 1,731,122.40 0.001,731,122.400.00Total Debt Service Funds5,925,394.82 0.00 356,806.25 9,628.24 0.00 6,338.30 5,571,878.51 0.005,571,878.510.00Total Redevelopment Commission Funds53,673,044.13 17,659,641.16 3,112,331.59 140,383.35 6,338.30 6,338.30 68,360,737.05 0.00 68,360,737.05(2,787,222.93)City Operations Total267,228,987.30 79,070,494.95 33,276,992.62 600,447.93 8,811,590.55 8,811,590.55 313,622,937.56 73,993.34 313,696,930.90 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 Account185,367,011.05 362,662.00 0.00 291,879.21 0.00 426,110.67 185,595,441.59 185,595,441.592019-06 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 9,098,271 4,220,183 4,878,088 5,608,526 (730,438) 22% Property tax distribution received in June & Dec25% of Annual expenditures211 DCI Administration Fund 675,051 111,806 563,245 788,167 (224,922) 18% Receives quarterly interfund transfers to cover25% of Annual expenditures406 Cumulative Capital Development 553,621 414,230 139,391 204,530 (65,139) 17% Encumbrances reflect total annual debt payments25% of Annual expenditures610 Solid Waste Operations 267,028 388,359 (121,331) 552,998 (674,329) -2% High encumbrances10% of Annual expenditures667 Storm Sewer Fund(36,300) 87,813 (124,113) 150,000 (274,113) -21% New fund, storm water fee revenue to begin in June25% of Annual expenditures701 Firefighters Pension 333,057 - 333,057 511,246 (178,189) 7% Pension payments received in June & Sept10% of Annual expenditures714 Parental Leave Fund 30,887 - 30,887 38,924 (8,037) 20% Just under reserve target25% of Annual expenditures10,921,614 5,222,390 5,699,224 7,854,391 (2,155,167) Meets or Exceeds Requirement101 General Fund 42,737,601 1,154,628 41,582,972 22,973,642 18,609,330 63% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day Fund 10,584,351 - 10,584,351 9,142,632 1,441,719 3%3% of total expenditures in previous fiscal year, excluding one-time capital expenditures202 Motor Vehicle Highway 5,983,430 1,385,478 4,597,952 3,042,403 1,555,549 38%25% of Annual expenditures216 Police State Seizures 230,960 - 230,960 8,000 222,960 722%25% of Annual expenditures218 Police Curfew Violations 13,284 - 13,284 250 13,034 1328%25% of Annual expenditures219 Unsafe Building 718,024 105,548 612,477 260,859 351,618 59%25% of Annual expenditures220 Law Enforce. Continuing Education 408,013 54,382 353,631 129,387 224,244 68%25% of Annual expenditures222 Central Services 1,227,296 20,164 1,207,132 1,197,546 9,586 25%25% of Annual expenditures, excluding utility accounting226 Liability Insurance 4,846,154 230,360 4,615,794 2,178,828 2,436,966 106%50% of Annual expenditures249 Public Safety L.O.I.T. 3,514,933 - 3,514,933 685,324 2,829,609 41% 8% of Annual expenditures - one month reserve251 Local Roads & Streets 5,568,475 805,352 4,763,123 1,773,678 2,989,445 67%25% of Annual expenditures258 Human Rights - Federal Grant 444,579 11,739 432,840 58,747 374,093 184%25% of Annual expenditures273 Morris PAC/Palais Royale Marketing 67,696 3,815 63,881 7,500 56,381 213%25% of Annual expenditures274 Morris PAC/Self-Promotion 150,922 - 150,922 18,750 132,172 201%25% of Annual expenditures278 Take Home Vehicle Police 760,936 - 760,936 750,000 10,936 1522%Set dollar amount of $750,000287 EMS Capital 2,753,221 944,522 1,808,698 1,115,569 693,129 41%25% of Annual expenditures288 EMS Operating 2,228,225 103,894 2,124,331 1,607,667 516,664 33%25% of Annual expenditures289 HAZMAT 28,180 - 28,180 2,618 25,562 269%25% of Annual expenditures291 Indiana River Rescue 263,302 3,800 259,502 33,816 225,686 192%25% of Annual expenditures294 Regional Police Academy 114,284 747 113,537 5,625 107,912 505%25% of Annual expenditures299 Police Federal Drug Enforcement 112,223 - 112,223 12,750 99,473 220%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) 34,375,374 12,943,047 21,432,327 10,871,238 10,561,089 49% Property tax distribution received in June & Dec25% of Annual expenditures351 2018 TIF Park Bond Debt Svc Reserve 1,004,827 - 1,004,827 1,004,827 - 100% 100% debt service reserve per bond covenants404 County Option Income Tax 12,960,409 2,145,080 10,815,329 8,504,214 2,311,115 64%50% of Annual expenditures407 Cumulative Capital Improvement 564,454 - 564,454 7,000 557,454 2016%25% of Annual expenditures408 Economic Development Income Tax 17,427,871 3,547,331 13,880,541 7,101,601 6,778,940 98%50% of Annual expenditures416 Morris Performing Arts Center Capital 409,928 25,925 384,003 56,366 327,637 170%25% of Annual expenditures422 TIF District - West Washington 1,651,912 547,355 1,104,557 423,783 680,774 65% Property tax distribution received in June & Dec25% of Annual expenditures425 Redevelopment Retail Area 858 - 858 - 858 100%25% of Annual expenditures429 River East Dev TIF (Northeast TIF) 10,077,680 3,044,013 7,033,668 3,050,496 3,983,172 58% Property tax distribution received in June & Dec25% of Annual expenditures430 TIF Southside Development Area #1 9,420,366 478,682 8,941,684 2,588,182 6,353,502 86% Property tax distribution received in June & Dec25% of Annual expenditures433 Redev Administration General 671,841 - 671,841 268,500 403,341 63%25% of Annual expenditures435 TIF - Douglas Road 197,909 100,050 97,859 20,800 77,059 47%10% of Annual expenditures436 River East Residential (NE Res TIF) 3,675,066 - 3,675,066 1,068,750 2,606,316 86% Property tax distribution received in June & Dec25% of Annual expenditures450 Palais Royale Historic Preservation 105,485 7,242 98,243 27,992 70,251 88%25% of Annual expenditures600 Consolidated Building Department 2,136,667 230,861 1,905,805 1,242,076 663,729 38%25% of Annual expenditures601 Parking Garages 1,111,156 34,390 1,076,765 494,225 582,540 54%25% of Annual expenditures620 Water Works Operations 3,134,176 1,956,003 1,178,173 1,140,646 37,527 5%5% of Annual expenditures624 Water Works Customer Deposit 1,491,850 - 1,491,850 1,491,850 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 758,492 1,750,922 (992,430) (992,430) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants626 Water Works Bond Reserve 1,432,932 - 1,432,932 1,432,932 - 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 2,099,502 93,470 2,006,031 165,797 1,840,234 302%25% of Annual expenditures641 Sewage Works Operations 8,830,155 5,636,770 3,193,386 2,307,147 886,239 7%5% of Annual expenditures643 Sewage Works Reserve - O & M 5,550,801 - 5,550,801 5,529,277 21,524 17% 16.67% of annual operating expenses in Fund 641, net of transfers649 Sewage Works Bond Sinking 7,850,109 6,851,977 998,132 998,132 - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenantsJune 30, 20192019-06 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 PolicyJune 30, 2019653 Sewage Works Debt Service Reserve 4,243,295 - 4,243,295 4,243,295 - 100%100% cash reserves per bond covenants and Crowe Horwath654 Sewage Works Deposit Fund 815 - 815 815 - 100%100% cash reserves for customer deposits655 Project Releaf 516,555 - 516,555 168,741 347,814 77%25% of Annual expenditures670 Century Center 1,630,370 38,326 1,592,043 1,171,839 420,204 34%25% of Annual expenditures671 Century Center Capital 863,764 - 863,764 800,000 63,764 1041%$800,000 Minimum per Board of Managers702 Police Pension 651,699 - 651,699 635,590 16,109 10% Pension payments received in June & Sept10% of Annual expenditures705 Police K-9 Unit 2,362 - 2,362 505 1,857 117%25% of Annual expenditures711 Self-Funded Employee Benefits 9,673,401 580,291 9,093,111 4,155,747 4,937,364 55%25% of Annual expenditures713 Unemployment Comp Fund 185,682 - 185,682 17,500 168,182 265%25% of Annual expenditures718 State Tax Withholding Fund 299,749 - 299,749 299,749 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 1,691,468 - 1,691,468 1,691,468 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 857,333 - 857,333 857,333 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 29,317 - 29,317 - 29,317 100%25% of Annual expenditures731 Bowman Cemetery 461,195 - 461,195 400,000 61,195 100%$400,000 minimum752 South Bend Redevelopment Authority 55,972 - 55,972 55,972 - 100%100% cash reserves per bond covenants753 Smart Street Bond Capital 68,928 - 68,928 68,928 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 684,975 - 684,975 684,975 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 1,731,122 - 1,731,122 1,731,122 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 560,041 - 560,041 560,041 - 100%100% cash reserves per bond covenants760 Eddy St. Commons Debt Service 3,457,175 - 3,457,175 2,500,000 957,175 266%$2,500,000 minimum243,036,807 44,836,164 198,200,640 119,511,791 78,688,849 No Reserve Requirement209 Studebaker/Oliver Revitalizing Grants 867,968 166,184 701,784 - 701,784 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 92,931 70,135 22,797 - 22,797 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Federal Grants 350,340 2,133,348 (1,783,008) - (1,783,008) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 662,908 99,999 562,909 - 562,909 100%No reserve requirement221 Landlord Registration 11,696 - 11,696 - 11,696 100%No reserve requirement224 Central Services Capital 138,373 30,575 107,798 - 107,798 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 597,059 11,406 585,653 - 585,653 100%No reserve requirement257 LOIT 2016 Special Distribution 433,094 435,307 (2,213) - (2,213) 100% High encumbrancesNo reserve requirement265 Local Road & Bridge Grant 333,150 82,493 250,657 - 250,657 100%No reserve requirement - Grant fund - spend down to zero266 MVH Restricted 1,348,467 244,226 1,104,240 - 1,104,240 100%New fund - reserve requirement to be determined279 IT / Innovation / 311 Call Center 2,812,864 1,781,062 1,031,802 - 1,031,802 100% Reimbursed through interfund allocationNo reserve requirement280 Police Block Grants 4,038 - 4,038 - 4,038 100%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 155,610 24,567 131,043 - 131,043 100%No reserve requirement - Grant fund - spend down to zero312 2017 Parks Bond Debt Service 229,675 597,758 (368,082) - (368,082) 100% Property tax distribution received in June & DecNo reserve requirement350 2018 Fire St #9 Debt Service - - - - - 100% Receives transfers from Fund 287 for debt svc pmtsNo reserve requirement401 Coveleski Stadium Capital 9,321 - 9,321 - 9,321 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 21,853 - 21,853 - 21,853 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,766,275 1,181,162 1,585,113 - 1,585,113 100%No reserve requirement - Capital fund - spend down to zero439 Certified Technology Park 575,934 544,611 31,323 - 31,323 100%No reserve requirement451 2018 Fire St #9 Capital 1,478,740 1,178,657 300,083 - 300,083 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 7,770,901 2,065,978 5,704,923 - 5,704,923 100%No reserve requirement - Bond capital fund - spend down to zero453 2018 Zoo Bond Capital 1,792,444 - 1,792,444 - 1,792,444 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 398,141 - 398,141 - 398,141 100%No reserve requirement471 2017 Parks Bond Capital 11,243,283 1,740,908 9,502,375 - 9,502,375 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 394,872 480,746 (85,874) - (85,874) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 3,358,156 1,192,477 2,165,679 - 2,165,679 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 12,112,186 8,182,218 3,929,969 - 3,929,969 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings 252,358 207,863 44,496 - 44,496 100% Encumbrances reflect total annual debt paymentsNo reserve requirement750 Equipment/Vehicle Leasing 1,248,541 1,387,466 (138,925) - (138,925) 100% No reserve requirement - Capital lease fund - spend down to zero751 2015 Parks Bond Capital 375,923 385,441 (9,517) - (9,517) 100% No reserve requirement - Bond capital fund - spend down to zero754 Industrial Revolving Fund 1,743,778 - 1,743,778 - 1,743,778 100%No City reserve requirement; there are program requirements759 Eddy St Commons Capital 6,130,916 - 6,130,916 - 6,130,916 100%No reserve requirement - Bond capital fund - spend down to zero59,738,510 24,224,584 35,513,928 - 35,513,928 City Operations Total 313,696,931 74,283,139 239,413,792 127,366,182 112,047,610 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrances2019-06 Monthly Cash Report7 January 1, 2007 - June 30, 2019 $329,782,565 6/30/2018 $122,056,198 5/31/2007 $215,566,274 -- $296,729,269 -- 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 2019-06 Monthly Cash Report 8 January 1, 2007 - June 30, 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 06/30/19 313,696,930.90 65,359,551.38 68,360,737.05 179,976,642.47 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 2019-06 Monthly Cash Report 9 $83,296,822 1/31/2013 $28,657,187 1/1/2007 $58,548,939 -- $64,613,544 -- 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 06/30/19 65,359,551.38 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 - June 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 2019-06 Monthly Cash Report 10 $81,992,643 6/30/2018 $26,731,149 1/31/2009 $49,951,874 -- $65,509,393 -- 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 06/30/19 68,360,737.05 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 - June 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 2019-06 Monthly Cash Report 11 $185,010,338 6/30/2018 $53,052,887 5/31/2007 $107,191,010 -- $166,988,618 -- 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 06/30/19 179,976,642.47 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 - June 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 2019-06 Monthly Cash Report 12