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2019-08 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 August 31, 2019 Controller City of South Bend Monthly Cash Report 2019-08 Monthly Cash Report 1 Questions If you should have additional questions, please contact the Department of Administration & Finance by calling 311. Narrative Fiscal Responsibility The City’s management team is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft, or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. Controller's Cash Report (pages 3-5) The Controller’s Cash Report is a monthly summary of cash and investment transactions within the current period by Fund. It summarizes the cash received, interest earned, cash disbursed, and cash transferred between Funds within the City of South Bend as well as any loans between Funds. The report provides a month-end view of the City’s cash balance in the reporting period. Cash Reserves Summary (pages 6-8) The purpose of the Cash Reserves Summary Report is keep track of whether the City's funds are meeting their cash reserve requirement. Cash reserve requirements are set for each fund by the City of South Bend or other governing body (e.g. bond counsel, Century Center Board of Managers). Cash Trends Summary (pages 9-13) The purpose of the Cash Trends Summary is to track trends in cash balances for the City of South Bend over an extended period of time, from January 1, 2007 through the present date. Charts and graphs for the cash balances are provided in four areas--total cash, enterprise fund cash, redevelopment fund cash, and civil city fund cash. Cash Reserve Requirements Cash reserve requirements are typically based on fund type. - Most City funds are assigned a cash reserve requirement of a percentage of the fund's annual expenditures. - The Rainy Day Fund 102 has a reserve requirement of 3% of the City's prior year operational expenditures, excluding one-time capital expenditures. - Some funds have a set dollar amount as the reserve requirement, such as the Police Take Home Vehicle Fund 278 and the Century Center Capital Fund 671. - Capital project funds, grant funds, and bond capital funds do not have reserve requirements as they are spent down to zero. - The IT/Innovation/311 Call Center Fund 279 does not have a reserve requirement because it is an internal service fund, reimbursed by departments within other City funds. Its budgeted revenues are equal to its budgeted expenditures. - Debt service reserve funds are required to hold all reserves until the respective debt has been paid in full. The amount is often defined in bond covenants. Pooled Cash The City utilities pooled cash, the majority of the City's money being held in a single bank account. Although the money is in a single account, each fund retains ownership of its own cash. Any interest earned on the bank account is distributed amongst the funds based on each funds' cash balance. Trustee Cash The City also has cash maintained by trustees or escrow agents at financial institutions and expended upon the provision by the City of a proper claim form and invoice. These funds are typically for debt service payments, debt service reserves, or capital project expenditures. Changes in Cash Balance Property taxes are received in June and December of each year and this will cause the cash balances to fluctuate for total cash, redevelopment fund cash and civil city fund cash. Enterprise fund cash balances will fluctuate based on the receipt of bond proceeds and the spending down of cash on capital projects. Redevelopment fund cash accounts will vary based on capital spending on projects in tax increment financing (TIF) funds. Negative Cash Balances Due to the timing of revenue and expenditures, certain funds will not meet cash reserve requirements and may even have a negative cash balance at different times throughout the year. Although a fund has a negative cash balance, the City does not have negative cash overall. Pooled cash can cover those funds so necessary expenditures can be made even if revenues have not been received yet. Fund 312, 701, and 702 have a negative cash balance. - The 2017 Parks Bond Debt Service Fund 312 receives property tax revenue in June and December, but still has to make a debt payments in January and July. When property tax revenue is received in December, this fund won't be negative. - The Firefighter's Pension Fund 701 and Police Pension Fund 702 haven't received the second bi-annual reimbursement from the State, but still had to make payments to pensioners. Reimbursement is received in June and September. - 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. 2019-08 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 $39,501,035.24 $1,921,297.06 $4,528,035.42 $75,533.65 $0.00 $0.00 $36,969,830.53 $0.00$36,969,830.53$0.00Special Revenue Funds102 RAINY DAY FUND 10,606,279.97 0.00 0.00 19,465.88 0.00 0.00 10,625,745.85 0.0010,625,745.850.00201 PARKS & RECREATION 5,576,591.73 428,732.31 1,341,311.62 13,516.82 0.00 0.00 4,677,529.24 0.004,677,529.240.00202 MOTOR VEHICLE HIGHWAY 5,366,220.92 215,784.33 779,722.42 10,895.07 0.00 0.00 4,813,177.90 0.004,813,177.900.00209 STUDEBAKER/OLIVER REVERTING GRANTS 838,708.47 100,000.00 1,678.50 1,562.49 0.00 0.00 938,592.46 0.00938,592.46100,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 106,286.54 0.00 4,881.75 182.45 0.00 0.00 101,587.24 0.00101,587.240.00211 DCI OPERATING FUND 471,884.07 44,256.32 209,999.72 1,102.18 0.00 0.00 307,242.85 0.00307,242.850.00212 DEPARTMENT OF COMMUNITY INVESTMENT 311,984.33 151,461.56 150,047.87 171.07 0.00 0.00 313,569.09 0.00313,569.090.00216 POLICE STATE SEIZURES 235,075.71 0.00 0.00 426.69 0.00 0.00 235,502.40 0.00235,502.400.00217 GIFT, DONATION, BEQUEST 642,625.45 5,721.21 101,361.75 1,290.44 0.00 0.00 548,275.35 69,231.46617,506.810.00218 POLICE CURFEW VIOLATIONS 13,311.33 12.50 0.00 24.42 0.00 0.00 13,348.25 0.0013,348.250.00219 UNSAFE BUILDING 689,078.16 32,058.18 64,701.54 1,297.40 0.00 0.00 657,732.20 0.00657,732.200.00220 LAW ENFORCEMENT CONTINUING EDUCATION 414,943.68 22,427.11 47,688.74 761.97 0.00 0.00 390,444.02 0.00390,444.020.00221 LANDLORD REGISTRATION 12,973.52 600.00 0.00 22.51 0.00 0.00 13,596.03 0.0013,596.030.00227 LOSS RECOVERY FUND 598,295.65 0.00 0.00 1,098.06 0.00 0.00 599,393.71 0.00599,393.710.00249 PUBLIC SAFETY L.O.I.T. 3,555,010.71 713,379.58 657,972.11 6,701.93 0.00 0.00 3,617,120.11 0.003,617,120.110.00251 LOCAL ROADS & STREETS 5,525,567.61 71,731.99 60,597.34 10,191.990.00 0.00 5,546,894.25 0.005,546,894.250.00257 LOIT 2016 SPECIAL DISTRIBUTION 382,573.00 0.00 71,278.82 757.60 0.00 0.00 312,051.78 0.00312,051.780.00258 HUMAN RIGHTS - FEDERAL GRANT 429,288.62 27.10 19,847.12 805.30 0.00 0.00 410,273.90 0.00410,273.900.00265 LOCAL ROAD & BRIDGE GRANT 333,840.15 553,252.97 0.00 612.70 0.00 0.00 887,705.82 0.00887,705.820.00266 MVH RESTRICTED 1,293,006.94 184,483.33 170,342.25 2,534.72 0.00 0.00 1,309,682.74 0.001,309,682.740.00273 MORRIS PAC/PALAIS ROYALE MARKETING 67,844.96 4.00 0.00 124.50 0.00 0.00 67,973.46 0.0067,973.460.00274 MORRIS PAC SELF-PROMOTION 151,233.01 2,568.00 0.00 277.56 0.00 0.00 154,078.57 0.00154,078.570.00280 POLICE BLOCK GRANTS 4,046.30 0.00 0.00 7.42 0.00 0.00 4,053.72 0.004,053.720.00289 HAZMAT 28,238.11 0.00 0.00 51.82 0.00 0.00 28,289.93 0.0028,289.930.00291 INDIANA RIVER RESCUE 268,425.93 5,200.00 0.00 486.17 0.00 0.00 274,112.10 0.00274,112.100.00292 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 113,667.79 0.00 949.47 208.92 0.00 0.00 112,927.24 0.00112,927.240.00295 COPS MORE GRANT 156,459.80 42,492.57 22,497.30 286.41 0.00 0.00 176,741.48 0.00176,741.480.00299 POLICE FEDERAL DRUG ENFORCEMENT 112,502.91 0.00 0.00 272.52 0.00 0.00 112,775.43 0.00112,775.430.00404 COUNTY OPTION INCOME TAX 13,015,340.18 1,142,757.83 726,836.9024,327.76 0.00 0.00 13,455,588.87 0.0013,455,588.87450,253.20408 ECONOMIC DEVELOPMENT INCOME TAX 18,120,397.64 1,116,435.50 805,312.06 33,087.84 0.00 31,236.77 18,433,372.15 0.0018,433,372.150.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 18,208.25 0.00 0.00 29.60 0.00 0.00 18,237.85 0.0018,237.85(450,253.20)655 PROJECT RELEAF 555,500.85 34,871.51 3,402.18 989.40 0.00 0.00 587,959.58 0.00587,959.580.00705 POLICE K-9 UNIT 2,366.85 0.00 0.00 4.34 0.00 0.00 2,371.19 0.002,371.190.00Total Special Revenue Funds70,044,494.64 4,868,257.90 5,240,429.46 133,575.95 0.00 31,236.77 69,774,662.26 69,231.4669,843,893.72100,000.00 Debt Service Fund312 2017 PARKS BOND DEBT SERVICE(368,082.14)0.00 0.00 361.95 0.00 0.00(367,720.19)0.00(367,720.19)0.00350 2018 FIRE ST #9 DEBT SERVICE(170,290.64)0.00 0.00 0.00 170,290.64 0.00 0.00 0.000.000.00755 SB BUILDING CORPORATION 686,109.85 1,319,250.00 0.00 1,087.08 0.00 0.00 2,006,446.93 0.002,006,446.930.00757 2015 PARKS BOND DEBT SERVICE 592,012.34 0.00 0.00 409.45 31,236.77 0.00 623,658.56 0.00623,658.560.00760 EDDY ST. COMMONS DEBT SERVICE 3,458,056.00 648,750.00 0.00 852.65 0.00 0.00 4,107,658.65 0.004,107,658.650.00Capital Project Funds401 COVELESKI STADIUM CAPITAL 9,340.21 0.00 0.00 17.13 0.00 0.00 9,357.34 0.009,357.340.00406 CUMULATIVE CAPITAL DEVELOPMENT 443,663.79 0.00 88,375.82 978.190.00 0.00 356,266.16 0.00356,266.160.00407 CUMULATIVE CAPITAL IMPROVEMENT 565,492.11 0.00 0.00 1,037.89 0.000.00 566,530.00 0.00566,530.000.00412 MAJOR MOVES CONSTRUCTION 2,381,548.02 246,664.00 75,078.86 4,340.82 0.00 0.00 2,557,473.98 0.002,557,473.982,388,902.44416 MORRIS PERFORMING ARTS CENTER CAPITAL 398,927.79 2,568.00 2,407.95 736.70 0.00 0.00 399,824.54 0.00399,824.540.00450 PALAIS ROYALE HISTORIC PRESERVATION 100,004.18 1,088.75 0.00 182.52 0.00 0.00 101,275.45 0.00101,275.450.00451 2018 FIRE STATION #9 CAPITAL 990,023.17 0.00 396,573.15 2,139.310.00 0.00 595,589.33 0.00595,589.330.00452 2018 TIF PARK BOND CAPITAL 7,416,432.88 0.00 315,471.48 13,872.55 0.00 0.00 7,114,833.95 0.007,114,833.950.00453 2018 ZOO BOND CAPITAL 1,301,205.86 0.00 361,815.50 1,674.18 0.00 0.00 941,064.54 0.00941,064.540.00471 2017 PARKS BOND CAPITAL 10,646,421.21 0.00 87,213.35 20,040.57 0.00 0.00 10,579,248.43 0.0010,579,248.430.00750 EQUIPMENT / VEHICLE LEASING 2,587,770.87 134,980.90 854,478.90 1,198.58 0.00 0.00 1,869,471.45 0.001,869,471.450.00751 2015 PARKS BOND CAPITAL 201,545.61 2,194.00 2,194.00 86.21 0.00 0.00 201,631.82 0.00201,631.820.00Month of: August 20192019-08 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: August 2019753 SMART STREET BOND CAPITAL 68,945.86 0.00 68,967.11 21.25 0.00 0.000.00 0.000.000.00759 EDDY ST COMMONS CAPITAL 5,813,462.22 0.00 734,481.87 6.35 0.00 0.00 5,078,986.70 0.005,078,986.700.00Total Capital & Debt Service Funds37,122,589.19 2,355,495.65 2,987,057.99 49,043.38 201,527.41 0.00 36,741,597.64 0.0036,741,597.642,388,902.44Enterprise Funds287 EMS CAPITAL 2,520,906.32 19,979.80 68,420.18 4,956.42 0.00 170,290.64 2,307,131.72 0.002,307,131.720.00288 EMS OPERATING 2,199,291.02 540,251.06 519,042.53 4,107.54 0.00 0.00 2,224,607.09 0.002,224,607.090.00600 CONSOLIDATED BUILDING DEPARTMENT 1,972,245.65 174,159.59 322,966.99 3,858.57 0.00 0.00 1,827,296.82 0.001,827,296.820.00601 PARKING GARAGES 1,050,588.12 105,698.70 39,671.76 1,897.95 0.00 0.00 1,118,513.01 0.001,118,513.010.00610 SOLID WASTE OPERATIONS 315,920.60 435,825.63 410,219.08 703.50 0.00 0.00 342,230.65 0.00342,230.650.00611 SOLID WASTE CAPITAL 210,432.63 0.00 147,902.24 660.20 0.00 0.00 63,190.59 0.0063,190.590.00620 WATER WORKS OPERATIONS 3,277,841.47 2,040,756.79 1,499,048.58 5,115.76 9,697.78 438,083.00 3,396,280.22 0.003,396,280.220.00622 WATER WORKS CAPITAL 3,553,745.49 15,390.00 126,921.47 6,423.15 270,083.00 0.00 3,718,720.17 0.003,718,720.170.00624 WATER WORKS CUSTOMER DEPOSIT 1,500,066.77 15,500.67 12,439.75 2,743.91 0.00 2,743.91 1,503,127.69 0.001,503,127.690.00625 WATER WORKS SINKING FUND 926,492.27 0.00 500.00 1,632.91 168,000.00 1,632.91 1,093,992.27 0.001,093,992.270.00626 WATER WORKS BOND RESERVE 1,435,895.23 0.00 0.00 2,633.58 0.00 0.001,438,528.81 0.001,438,528.810.00629 WATER WORKS RESERVE - O & M 2,895,721.40 0.00 0.00 5,320.96 0.005,320.96 2,895,721.40 0.002,895,721.400.00640 SEWER REPAIR INSURANCE 2,110,220.12 49,929.90 59,868.11 3,865.890.00 0.00 2,104,147.80 0.002,104,147.800.00641 SEWAGE WORKS OPERATIONS 10,399,742.30 3,580,735.85 2,252,431.5718,658.49 10,199.74 0.00 11,756,904.81 0.0011,756,904.810.00642 SEWAGE WORKS CAPITAL 11,768,643.45 36,067.50 385,979.84 21,925.90 0.00 0.00 11,440,657.01 0.0011,440,657.010.00643 SEWAGE WORKS RESERVE - O & M 5,550,801.29 0.00 0.00 10,199.74 0.00 10,199.74 5,550,801.29 0.005,550,801.290.00649 SEWAGE WORKS BOND SINKING 7,863,241.16 0.00 0.00 14,432.43 0.00 0.00 7,877,673.59 0.007,877,673.590.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,251,430.89 0.00 0.00 7,603.14 0.00 0.00 4,259,034.03 0.004,259,034.030.00654 SEWAGE WORKS DEPOSIT FUND 43,668.02 41,743.47 5,456.82 34.27 0.000.00 79,988.94 0.0079,988.940.00667 STORM SEWER FUND(8,067.51)69,942.73 7,138.44 0.00 0.00 0.00 54,736.78 0.0054,736.780.00670 CENTURY CENTER 2,017,423.80 322,615.94 529,376.64 0.00 0.00 0.00 1,810,663.10 0.001,810,663.100.00671 CENTURY CENTER CAPITAL 1,042,500.85 0.00 0.00 1,328.94 0.00 0.00 1,043,829.79 0.001,043,829.790.00672 CENTURY CENTER ENERGY SAVINGS 252,788.04 0.00 0.00 382.34 0.00 0.00 253,170.38 0.00253,170.380.00Total Enterprise Funds67,151,539.38 7,448,597.63 6,387,384.00 118,485.59 457,980.52 628,271.16 68,160,947.96 0.0068,160,947.960.00Internal Service Funds222 CENTRAL SERVICES 1,320,286.04 1,159,903.56 1,104,575.97 1,317.240.00 0.00 1,376,930.87 0.001,376,930.870.00224 CENTRAL SERVICES CAPITAL 133,084.74 0.00 27,758.40 249.20 0.00 0.00 105,575.54 0.00105,575.540.00226 LIABILITY INSURANCE 4,376,429.83 388,446.75 193,913.90 8,226.54 0.00 0.00 4,579,189.22 0.004,579,189.220.00278 TAKE HOME VEHICLE POLICE 761,176.33 480.00 0.00 1,398.88 0.00 0.00763,055.21 0.00763,055.210.00279 IT / INNOVATION / 311 CALL CENTER 2,499,179.60 670,659.55 362,912.43 4,377.76 0.00 0.00 2,811,304.48 0.002,811,304.480.00711 SELF-FUNDED EMPLOYEE BENEFITS 9,525,207.77 1,084,476.61 1,079,250.60 18,346.90 0.00 0.00 9,548,780.68 0.009,548,780.680.00713 UNEMPLOYMENT COMP FUND 184,416.56 0.00 1,980.00 339.92 0.00 0.00 182,776.48 0.00182,776.480.00714 PARENTAL LEAVE FUND 18,692.77 12,002.61 16,129.61 47.84 0.00 0.00 14,613.61 0.0014,613.610.00Total Internal Service Funds18,818,473.64 3,315,969.08 2,786,520.91 34,304.28 0.00 0.00 19,382,226.09 0.0019,382,226.090.00Trust & Agency Funds701 FIREFIGHTERS PENSION (55,708.84)0.00 361,228.59 534.80 0.00 0.00(416,402.63)0.00(416,402.63)0.00702 POLICE PENSION 153,999.24 81.72 513,375.46 1,137.26 0.00 0.00(358,157.24)0.00(358,157.24)0.00709 PAYROLL FUND 0.00 8,355,045.84 8,355,045.84 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 298,794.57 292,254.62 298,794.57 0.00 0.00 0.00 292,254.62 0.00292,254.620.00725 MORRIS / PALAIS BOX OFFICE 1,864,792.55 403,408.20 0.00 0.00 0.000.00 2,268,200.75 0.002,268,200.750.00726 POLICE DISTRIBUTIONS PAYABLE 858,061.39 0.00 8,922.73 0.00 0.00 0.00 849,138.66 0.00849,138.660.00730 CITY CEMETERY TRUST 29,377.97 0.00 0.00 53.92 0.00 0.00 29,431.89 0.0029,431.890.00731 BOWMAN CEMETERY 462,150.20 0.00 0.00 848.18 0.00 0.00 462,998.38 0.00462,998.380.00Total Trust & Agency Funds3,611,467.08 9,050,790.38 9,537,367.19 2,574.16 0.00 0.00 3,127,464.43 0.003,127,464.430.00Total City Funds236,249,599.17 28,960,407.70 31,466,794.97 413,517.01 659,507.93 659,507.93 234,156,728.91 69,231.46 234,225,960.37 2,488,902.442019-08 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: August 2019Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 30,083,124.23 860.00 1,781,729.81 61,501.06 5,108.24 0.00 28,368,863.72 0.0028,368,863.72(100,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,612,690.65 0.00 23,170.50 3,015.30 0.00 0.00 1,592,535.45 0.001,592,535.450.00429 TIF RIVER EAST DEV (NE) 9,516,136.04 7,725.00 467,273.18 17,714.55 0.00 0.00 9,074,302.41 0.009,074,302.410.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 9,412,291.89 0.00 186,243.9217,282.96 0.00 0.00 9,243,330.93 0.009,243,330.930.00435 TIF DOUGLAS ROAD 194,894.33 0.00 0.00 359.31 0.00 0.00 195,253.64 0.00195,253.640.00436 TIF RIVER EAST RES (NE RE) 1,792,485.62 0.00 246,664.00 6,640.31 0.00 0.00 1,552,461.93 0.001,552,461.93(2,388,902.44)Total Tax Increment Financing Funds52,611,622.76 8,585.00 2,705,081.41 106,513.49 5,108.24 0.00 50,026,748.08 0.0050,026,748.08(2,488,902.44)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 671,496.65 5,863.00 165,238.77 1,241.24 0.00 0.00 513,362.12 0.00513,362.120.00439 CERTIFIED TECHNOLOGY PARK 577,218.74 0.00 260,136.89 1,059.34 0.00 0.00 318,141.19 0.00318,141.190.00454 AIRPORT URBAN ENTERPRISE ZONE 398,965.53 0.00 0.00 732.22 0.00 0.00 399,697.75 0.00399,697.750.00754 INDUSTRIAL REVOLVING FUND 1,762,537.00 6,116.66 8,748.78 22,448.16 0.00 0.00 1,782,353.04 0.001,782,353.040.00Total Redevelopment Funds3,410,217.92 11,979.66 434,124.44 25,480.96 0.00 0.00 3,013,554.10 0.003,013,554.100.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 1,911.88 0.00 1,911.88 1,040,462.24 0.001,040,462.240.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 3,196.36 0.00 3,196.36 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 1,006,908.71 0.00 0.00 1,847.99 0.00 0.00 1,008,756.70 0.001,008,756.700.00752 SB REDEVELOPMENT AUTHORITY 56,080.55 1,237,000.00 0.00 103.88 0.00 0.00 1,293,184.43 0.001,293,184.430.00756 SMARTS STREETS DEBT SERVICE 1,731,563.48 858,000.00 0.00 426.95 0.00 0.00 2,589,990.43 0.002,589,990.430.00Total Debt Service Funds5,574,509.84 2,095,000.00 0.00 7,487.06 0.00 5,108.24 7,671,888.66 0.007,671,888.660.00Total Redevelopment Commission Funds61,596,350.52 2,115,564.66 3,139,205.85 139,481.51 5,108.24 5,108.2460,712,190.84 0.00 60,712,190.84(2,488,902.44)City Operations Total297,845,949.69 31,075,972.36 34,606,000.82 552,998.52 664,616.17 664,616.17 294,868,919.75 69,231.46 294,938,151.21 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 Account185,595,441.59 289,119.50 0.00 53,746.37 0.00 362,662.00 0.00 185,575,645.462019-08 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 4,677,529 2,866,969 1,810,560 5,608,526 (3,797,966) 8% Property tax distribution received in June & Dec25% of Annual expenditures211 DCI Administration Fund 307,243 67,467 239,776 788,167 (548,391) 8% Receives quarterly interfund transfers to cover25% of Annual expenditures287 EMS Capital 2,307,132 1,236,346 1,070,785 1,115,569 (44,784) 24% Encumbrances reflect total annual debt payments25% of Annual expenditures406 Cumulative Capital Development 356,266 305,731 50,536 204,530 (153,994) 6% Encumbrances reflect total annual debt payments25% of Annual expenditures610 Solid Waste Operations 342,231 173,034 169,197 552,998 (383,801) 3% High encumbrances10% of Annual expenditures667 Storm Sewer Fund 54,737 85,320 (30,583) 150,000 (180,583) -5% New fund, storm water fee revenue to begin in June25% of Annual expenditures701 Firefighters Pension (416,403) - (416,403) 511,246 (927,649) -8% Pension payments received in June & Sept10% of Annual expenditures702 Police Pension (358,157) - (358,157) 635,590 (993,747) -6% Pension payments received in June & Sept10% of Annual expenditures714 Parental Leave Fund 14,614 - 14,614 38,924 (24,310) 9% Fund created in 2018, still establishing reserves25% of Annual expenditures7,285,191 4,734,867 2,550,325 9,605,550 (7,055,225) Meets or Exceeds Requirement101 General Fund 36,969,831 811,086 36,158,745 23,036,666 13,122,079 55% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day Fund 10,625,746 - 10,625,746 9,142,632 1,483,114 3%3% of total expenditures in previous fiscal year, excluding one-time capital expenditures202 Motor Vehicle Highway 4,813,178 890,370 3,922,808 3,042,403 880,405 32%25% of Annual expenditures216 Police State Seizures 235,502 - 235,502 8,000 227,502 736%25% of Annual expenditures218 Police Curfew Violations 13,348 - 13,348 250 13,098 1335%25% of Annual expenditures219 Unsafe Building 657,732 103,608 554,124 260,859 293,265 53%25% of Annual expenditures220 Law Enforce. Continuing Education 390,444 8,607 381,837 129,387 252,450 74%25% of Annual expenditures222 Central Services 1,376,931 42,344 1,334,587 1,197,546 137,041 28%25% of Annual expenditures, excluding utility accounting226 Liability Insurance 4,579,189 220,037 4,359,152 2,178,828 2,180,324 100%50% of Annual expenditures249 Public Safety L.O.I.T. 3,617,120 - 3,617,120 685,324 2,931,796 42% 8% of Annual expenditures - one month reserve251 Local Roads & Streets 5,546,894 1,197,254 4,349,640 1,773,678 2,575,962 61%25% of Annual expenditures258 Human Rights - Federal Grant 410,274 2,364 407,910 58,747 349,163 174%25% of Annual expenditures273 Morris PAC/Palais Royale Marketing 67,973 3,815 64,158 7,500 56,658 214%25% of Annual expenditures274 Morris PAC/Self-Promotion 154,079 - 154,079 18,750 135,329 205%25% of Annual expenditures278 Take Home Vehicle Police 763,055 - 763,055 750,000 13,055 1526%Set dollar amount of $750,000288 EMS Operating 2,224,607 94,354 2,130,253 1,607,667 522,586 33%25% of Annual expenditures289 HAZMAT 28,290 - 28,290 2,618 25,672 270%25% of Annual expenditures291 Indiana River Rescue 274,112 7,532 266,580 33,816 232,764 197%25% of Annual expenditures294 Regional Police Academy 112,927 - 112,927 5,625 107,302 502%25% of Annual expenditures299 Police Federal Drug Enforcement 112,775 - 112,775 12,750 100,025 221%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) 28,368,864 10,059,922 18,308,942 10,871,238 7,437,704 42% Property tax distribution received in June & Dec25% of Annual expenditures351 2018 TIF Park Bond Debt Svc Reserve 1,008,757 - 1,008,757 1,008,757 - 100% 100% debt service reserve per bond covenants404 County Option Income Tax 13,455,589 2,080,587 11,375,002 8,504,214 2,870,788 67%50% of Annual expenditures407 Cumulative Capital Improvement 566,530 - 566,530 7,000 559,530 2023%25% of Annual expenditures408 Economic Development Income Tax 18,433,372 3,874,287 14,559,085 7,351,601 7,207,484 99%50% of Annual expenditures416 Morris Performing Arts Center Capital 399,825 14,075 385,750 56,366 329,384 171%25% of Annual expenditures422 TIF District - West Washington 1,592,535 481,565 1,110,971 423,783 687,188 66% Property tax distribution received in June & Dec25% of Annual expenditures429 River East Dev TIF (Northeast TIF) 9,074,302 2,175,174 6,899,129 3,050,496 3,848,633 57% Property tax distribution received in June & Dec25% of Annual expenditures430 TIF Southside Development Area #1 9,243,331 265,322 8,978,008 2,588,182 6,389,826 87% Property tax distribution received in June & Dec25% of Annual expenditures433 Redev Administration General 513,362 85,500 427,862 268,500 159,362 40%25% of Annual expenditures435 TIF - Douglas Road 195,254 96,625 98,629 20,800 77,829 47%10% of Annual expenditures436 River East Residential (NE Res TIF) 1,552,462 - 1,552,462 1,068,750 483,712 36% Property tax distribution received in June & Dec25% of Annual expenditures450 Palais Royale Historic Preservation 101,275 - 101,275 27,992 73,283 90%25% of Annual expenditures600 Consolidated Building Department 1,827,297 119,365 1,707,932 1,242,076 465,856 34%25% of Annual expenditures601 Parking Garages 1,118,513 47,290 1,071,223 476,646 594,577 56%25% of Annual expenditures620 Water Works Operations 3,396,280 1,547,014 1,849,267 1,140,646 708,621 8%5% of Annual expenditures624 Water Works Customer Deposit 1,503,128 - 1,503,128 1,503,128 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 1,093,992 1,750,922 (656,930) (656,930) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants626 Water Works Bond Reserve 1,438,529 - 1,438,529 1,438,529 - 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 2,104,148 76,141 2,028,006 165,797 1,862,209 306%25% of Annual expenditures641 Sewage Works Operations 11,756,905 5,919,807 5,837,098 2,307,147 3,529,951 13%5% of Annual expenditures643 Sewage Works Reserve - O & M 5,550,801 - 5,550,801 5,510,886 39,915 17% 16.67% of annual operating expenses in Fund 641, net of transfers649 Sewage Works Bond Sinking 7,877,674 6,851,977 1,025,696 1,025,696 - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenantsAugust 31, 20192019-08 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 PolicyAugust 31, 2019653 Sewage Works Debt Service Reserve 4,259,034 - 4,259,034 4,259,034 - 100%100% cash reserves per bond covenants and Crowe Horwath654 Sewage Works Deposit Fund 79,989 - 79,989 79,989 - 100%100% cash reserves for customer deposits655 Project Releaf 587,960 - 587,960 168,741 419,219 87%25% of Annual expenditures670 Century Center 1,810,663 35,576 1,775,087 1,171,839 603,248 38%25% of Annual expenditures671 Century Center Capital 1,043,830 - 1,043,830 800,000 243,830 1258%$800,000 Minimum per Board of Managers705 Police K-9 Unit 2,371 - 2,371 505 1,866 117%25% of Annual expenditures711 Self-Funded Employee Benefits 9,548,781 565,400 8,983,381 4,155,747 4,827,634 54%25% of Annual expenditures713 Unemployment Comp Fund 182,776 - 182,776 17,500 165,276 261%25% of Annual expenditures718 State Tax Withholding Fund 292,255 - 292,255 292,255 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 2,268,201 - 2,268,201 2,268,201 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 849,139 - 849,139 849,139 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 29,432 - 29,432 - 29,432 100%25% of Annual expenditures731 Bowman Cemetery 462,998 - 462,998 400,000 62,998 100%$400,000 minimum752 South Bend Redevelopment Authority 1,293,184 - 1,293,184 1,293,184 - 100%100% cash reserves per bond covenants753 Smart Street Bond Capital 0 - - - - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 2,006,447 - 2,006,447 2,006,447 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 2,589,990 - 2,589,990 2,589,990 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 623,659 - 623,659 623,659 - 100%100% cash reserves per bond covenants760 Eddy St. Commons Debt Service 4,107,659 - 4,107,659 2,500,000 1,607,659 316%$2,500,000 minimum232,860,778 39,427,919 193,432,858 122,489,755 70,943,103 No Reserve Requirement209 Studebaker/Oliver Revitalizing Grants 938,592 133,447 805,145 - 805,145 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 101,587 60,371 41,216 - 41,216 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Federal Grants 313,569 2,034,740 (1,721,171) - (1,721,171) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 617,507 302,883 314,624 - 314,624 100%No reserve requirement221 Landlord Registration 13,596 - 13,596 - 13,596 100%No reserve requirement224 Central Services Capital 105,576 1,960 103,616 - 103,616 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 599,394 11,406 587,988 - 587,988 100%No reserve requirement257 LOIT 2016 Special Distribution 312,052 312,585 (534) - (534) 100% High encumbrancesNo reserve requirement265 Local Road & Bridge Grant 887,706 82,493 805,213 - 805,213 100%No reserve requirement - Grant fund - spend down to zero266 MVH Restricted 1,309,683 119,376 1,190,307 - 1,190,307 100%New fund - reserve requirement to be determined279 IT / Innovation / 311 Call Center 2,811,304 1,369,592 1,441,712 - 1,441,712 100% Reimbursed through interfund allocationNo reserve requirement280 Police Block Grants 4,054 - 4,054 - 4,054 100%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 176,741 2,290 174,451 - 174,451 100%No reserve requirement - Grant fund - spend down to zero312 2017 Parks Bond Debt Service(367,720) - (367,720) - (367,720) 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 9,357 8,300 1,057 - 1,057 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 18,238 - 18,238 - 18,238 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,557,474 470,368 2,087,106 - 2,087,106 100%No reserve requirement - Capital fund - spend down to zero439 Certified Technology Park 318,141 615,871 (297,730) - (297,730) 100%No reserve requirement451 2018 Fire St #9 Capital 595,589 292,830 302,759 - 302,759 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 7,114,834 2,282,406 4,832,428 - 4,832,428 100%No reserve requirement - Bond capital fund - spend down to zero453 2018 Zoo Bond Capital 941,065 - 941,065 - 941,065 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 399,698 - 399,698 - 399,698 100%No reserve requirement471 2017 Parks Bond Capital 10,579,248 1,763,126 8,816,123 - 8,816,123 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 63,191 147,724 (84,534) - (84,534) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 3,718,720 1,011,578 2,707,142 - 2,707,142 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 11,440,657 7,828,769 3,611,888 - 3,611,888 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings 253,170 207,863 45,307 - 45,307 100% Encumbrances reflect total annual debt paymentsNo reserve requirement750 Equipment/Vehicle Leasing 1,869,471 667,968 1,201,504 - 1,201,504 100% No reserve requirement - Capital lease fund - spend down to zero751 2015 Parks Bond Capital 201,632 198,673 2,959 - 2,959 100% No reserve requirement - Bond capital fund - spend down to zero754 Industrial Revolving Fund 1,782,353 - 1,782,353 - 1,782,353 100%No City reserve requirement; there are program requirements759 Eddy St Commons Capital 5,078,987 - 5,078,987 - 5,078,987 100%No reserve requirement - Bond capital fund - spend down to zero54,792,182 19,926,618 34,865,563 - 34,865,563 City Operations Total 294,938,151 64,089,404 230,848,746 132,095,305 98,753,441 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrances2019-08 Monthly Cash Report7 January 1, 2007 - August 31, 2019 $329,782,565 6/30/2018 $122,056,198 5/31/2007 $216,622,820 -- $295,456,487 -- 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 2019-08 Monthly Cash Report 8 January 1, 2007 - August 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 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 07/31/19 297,845,949.69 67,151,539.38 61,596,350.52 169,098,059.79 09/30/15 234,514,964.30 75,617,268.98 59,936,471.64 98,961,223.68 08/31/19 294,938,151.21 68,160,947.96 60,712,190.84 166,065,012.41 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 2019-08 Monthly Cash Report 9 $83,296,822 1/31/2013 $28,657,187 1/1/2007 $58,667,989 -- $65,317,603 -- 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 07/31/19 67,151,539.38 02/28/11 44,793,554.36 05/31/15 65,714,228.05 08/31/19 68,160,947.96 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 - August 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 2019-08 Monthly Cash Report 10 $81,992,643 6/30/2018 $26,731,149 1/31/2009 $50,098,311 -- $63,429,568 -- 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 07/31/19 61,596,350.52 02/28/11 53,822,791.88 05/31/15 57,630,884.95 08/31/19 60,712,190.84 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 - August 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 2019-08 Monthly Cash Report 11 $185,010,338 6/30/2018 $53,052,887 5/31/2007 $107,980,428 -- $167,091,602 -- 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 07/31/19 169,098,059.79 02/28/11 109,647,280.68 05/31/15 86,034,381.75 08/31/19 166,065,012.41 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 - August 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 2019-08 Monthly Cash Report 12