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2019-10 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 October 31, 2019 Controller City of South Bend Monthly Cash Report 2019-10 Monthly Cash Report 1 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 6-7) 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 8-12) 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, has 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. Questions If you should have additional questions, please contact the Department of Administration & Finance by calling 311. 2019-10 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 $34,857,288.14$1,218,706.08$4,701,916.63$53,238.55$0.00 $0.00 $31,427,316.14$0.00$31,427,316.14$0.00Special Revenue Funds102 RAINY DAY FUND 10,646,543.68 0.00 0.00 16,371.36 0.00 0.00 10,662,915.04 0.0010,662,915.040.00201 PARKS & RECREATION 4,812,953.71 397,087.75 1,519,484.08 5,697.84 0.00 0.00 3,696,255.22 0.003,696,255.220.00202 MOTOR VEHICLE HIGHWAY 4,858,831.55 322,505.77 1,040,823.55 7,213.65 0.00 0.00 4,147,727.42 0.004,147,727.420.00209 STUDEBAKER/OLIVER REVERTING GRANTS 940,380.47 0.00 6,017.75 1,446.05 0.00 0.00 935,808.77 0.00935,808.77100,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 78,905.42 0.00 4,881.75 150.35 0.00 0.00 74,174.02 0.0074,174.020.00211 DCI OPERATING FUND 1,117,778.25 56,939.56 216,829.58 921.70 0.00 0.00 958,809.93 0.00958,809.930.00212 DEPARTMENT OF COMMUNITY INVESTMENT 336,572.37 574,799.16 456,337.57 174.08 0.00 0.00 455,208.04 0.00455,208.040.00216 POLICE STATE SEIZURES 236,013.35 380.36 0.00 362.86 0.00 0.00 236,756.57 0.00236,756.570.00217 GIFT, DONATION, BEQUEST 756,236.23 4,057.14 98,460.58 859.71 0.00 0.00 662,692.50 69,231.46731,923.960.00218 POLICE CURFEW VIOLATIONS 13,374.36 0.00 623.05 20.56 0.00 0.00 12,771.87 0.0012,771.870.00219 UNSAFE BUILDING 794,542.99 28,443.79 56,054.73 993.21 0.00 0.00 767,925.26 0.00767,925.260.00220 LAW ENFORCEMENT CONTINUING EDUCATION 388,414.23 17,074.64 14,952.80 588.28 0.00 0.00 391,124.35 0.00391,124.350.00221 LANDLORD REGISTRATION 15,221.92 370.00 0.00 21.81 0.00 0.00 15,613.73 0.0015,613.730.00227 LOSS RECOVERY FUND 600,566.91 0.00 0.00 923.50 0.00 0.00 601,490.41 0.00601,490.410.00249 PUBLIC SAFETY L.O.I.T. 3,675,122.46 713,379.58 744,376.77 5,138.28 0.00 0.00 3,649,263.55 0.003,649,263.550.00251 LOCAL ROADS & STREETS 6,222,382.03 187,436.66 1,954,930.09 8,496.53 0.00 0.00 4,463,385.13 0.004,463,385.130.00257 LOIT 2016 SPECIAL DISTRIBUTION 271,839.71 0.00 66,937.66 458.11 0.00 0.00 205,360.16 0.00205,360.160.00258 HUMAN RIGHTS - FEDERAL GRANT 397,554.57 96,600.00 14,518.66 618.59 0.00 0.00 480,254.50 0.00480,254.500.00265 LOCAL ROAD & BRIDGE GRANT 329,653.91 553,252.97 339,720.27 1,165.93 0.00 0.00 544,352.54 0.00544,352.540.00266 MVH RESTRICTED 1,306,477.50 282,919.05 241,300.05 1,863.25 0.00 0.00 1,349,959.75 0.001,349,959.750.00273 MORRIS PAC/PALAIS ROYALE MARKETING 69,828.50 260.00 0.00 104.82 0.00 0.00 70,193.32 0.0070,193.320.00274 MORRIS PAC SELF-PROMOTION 154,378.12 3,469.00 956.27 237.39 0.00 0.00 157,128.24 0.00157,128.240.00280 POLICE BLOCK GRANTS 4,061.65 0.00 0.00 6.25 0.00 0.00 4,067.90 0.004,067.900.00289 HAZMAT 28,345.30 0.00 0.00 43.58 0.00 0.00 28,388.88 0.0028,388.880.00291 INDIANA RIVER RESCUE 287,044.42 0.00 975.51 424.63 0.00 0.00 286,493.54 0.00286,493.540.00292 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 112,500.46 1,950.00 0.00 173.49 0.00 0.00 114,623.95 0.00114,623.950.00295 COPS MORE GRANT 178,985.26 731.23 2,736.00 273.82 0.00 0.00 177,254.31 0.00177,254.310.00299 POLICE FEDERAL DRUG ENFORCEMENT 112,995.19 0.00 0.00 204.57 0.00 0.00 113,199.76 0.00113,199.760.00404 COUNTY OPTION INCOME TAX 12,771,935.73 1,033,257.83 558,052.74 20,606.50 0.00 0.00 13,267,747.32 0.0013,267,747.32420,253.20408 ECONOMIC DEVELOPMENT INCOME TAX 17,946,061.76 966,435.50 1,121,466.11 28,550.43 0.00 0.00 17,819,581.58 0.0017,819,581.580.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 58,300.03 10,148.00 15,000.00 36.31 0.00 0.00 53,484.34 0.0053,484.34(420,253.20)655 PROJECT RELEAF 485,407.70 38,422.93 3,406.07 927.35 0.00 0.00 521,351.91 0.00521,351.910.00705 POLICE K-9 UNIT 2,375.83 0.00 0.00 3.65 0.00 0.00 2,379.48 0.002,379.480.00Total Special Revenue Funds70,038,301.075,289,920.928,478,841.64105,078.440.00 0.00 66,954,458.7969,231.4667,023,690.25100,000.00 Debt Service Fund312 2017 PARKS BOND DEBT SERVICE(367,720.19)0.00 0.00 0.00 0.00 0.00(367,720.19)0.00(367,720.19)0.00350 2018 FIRE ST #9 DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.000.00755 SB BUILDING CORPORATION 813,821.77 0.00 0.00 1,015.76 0.00 0.00 814,837.53 0.00814,837.530.00757 2015 PARKS BOND DEBT SERVICE 464,811.34 31,236.77 0.00 135.38 0.00 0.00 496,183.49 0.00496,183.490.00760 EDDY ST. COMMONS DEBT SERVICE 3,459,683.06 0.00 0.00 637.43 0.00 0.00 3,460,320.49 0.003,460,320.490.00Capital Project Funds401 COVELESKI STADIUM CAPITAL 9,375.65 23,124.75 2,500.00 14.41 0.00 0.00 30,014.81 0.0030,014.810.00406 CUMULATIVE CAPITAL DEVELOPMENT 357,088.15 0.00 99,330.24 549.05 0.00 0.00 258,306.96 0.00258,306.960.00407 CUMULATIVE CAPITAL IMPROVEMENT 592,638.88 0.00 28,000.00 899.79 0.00 0.00 565,538.67 0.00565,538.670.00412 MAJOR MOVES CONSTRUCTION 2,249,195.68 0.00 56,874.57 3,822.62 0.00 0.00 2,196,143.73 0.002,196,143.732,388,902.44416 MORRIS PERFORMING ARTS CENTER CAPITAL 400,606.91 3,469.00 0.00 616.02 0.00 0.00 404,691.93 0.00404,691.930.00450 PALAIS ROYALE HISTORIC PRESERVATION 102,817.35 2,436.96 0.00 156.10 0.00 0.00 105,410.41 0.00105,410.410.00451 2018 FIRE STATION #9 CAPITAL 521,551.92 0.00 118,422.79 890.24 0.00 0.00 404,019.37 0.00404,019.370.00452 2018 TIF PARK BOND CAPITAL 6,004,313.87 0.00 291,352.71 10,210.97 0.00 0.00 5,723,172.13 0.005,723,172.130.00453 2018 ZOO BOND CAPITAL 570,868.35 0.00 84,247.92 768.18 0.00 0.00 487,388.61 0.00487,388.610.00471 2017 PARKS BOND CAPITAL 9,428,884.61 0.00 98,928.64 15,515.20 0.00 0.00 9,345,471.17 0.009,345,471.170.00Month of: October 20192019-10 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: October 2019750 EQUIPMENT / VEHICLE LEASING 1,335,890.47 0.00 0.00 427.73 0.00 0.00 1,336,318.20 0.001,336,318.200.00751 2015 PARKS BOND CAPITAL 201,675.25 0.00 201,720.80 45.55 0.00 0.00 0.00 0.000.000.00759 EDDY ST COMMONS CAPITAL 4,785,833.22 0.00 653,174.45 4.37 0.00 0.00 4,132,663.14 0.004,132,663.140.00Total Capital & Debt Service Funds30,931,336.2960,267.481,634,552.1235,708.800.00 0.00 29,392,760.450.0029,392,760.452,388,902.44Enterprise Funds287 EMS CAPITAL 2,347,899.77 0.00 28,140.00 3,515.31 0.00 0.00 2,323,275.08 0.002,323,275.080.00288 EMS OPERATING 2,532,840.71 212,337.01 588,244.30 4,701.63 0.00 0.00 2,161,635.05 0.002,161,635.050.00600 CONSOLIDATED BUILDING DEPARTMENT 2,236,654.28 263,564.95 449,224.89 2,746.39 0.00 0.00 2,053,740.73 0.002,053,740.730.00601 PARKING GARAGES 1,179,306.75 122,538.25 67,964.81 1,719.49 0.00 0.00 1,235,599.68 0.001,235,599.680.00610 SOLID WASTE OPERATIONS 240,060.64 481,990.71 388,231.14 664.34 0.00 0.00 334,484.55 0.00334,484.550.00611 SOLID WASTE CAPITAL 287,532.50 0.00 76,281.67 155.10 0.00 0.00 211,405.93 0.00211,405.930.00620 WATER WORKS OPERATIONS 4,000,635.92 3,275,990.79 2,341,118.62 4,648.73 8,704.38 438,083.00 4,510,778.20 0.004,510,778.200.00622 WATER WORKS CAPITAL 3,699,861.53 89,347.50 218,662.41 5,904.57 270,083.00 0.00 3,846,534.19 0.003,846,534.190.00624 WATER WORKS CUSTOMER DEPOSIT 1,507,897.16 13,327.80 233,894.08 2,318.50 0.00 2,318.50 1,287,330.88 0.001,287,330.880.00625 WATER WORKS SINKING FUND 1,261,992.27 0.00 0.00 1,926.11 168,000.00 1,926.11 1,429,992.27 0.001,429,992.270.00626 WATER WORKS BOND RESERVE 1,441,337.71 0.00 0.00 2,220.34 0.00 0.00 1,443,558.05 0.001,443,558.050.00629 WATER WORKS RESERVE - O & M 2,895,721.40 0.00 0.00 4,459.77 0.00 4,459.77 2,895,721.40 0.002,895,721.400.00640 SEWER REPAIR INSURANCE 2,113,873.59 57,116.80 63,171.32 3,243.68 0.00 0.00 2,111,062.75 0.002,111,062.750.00641 SEWAGE WORKS OPERATIONS 13,014,917.02 3,964,077.35 2,731,663.87 19,248.25 8,548.94 0.00 14,275,127.69 0.0014,275,127.690.00642 SEWAGE WORKS CAPITAL 11,188,608.08 219,496.50 630,236.69 17,430.43 0.00 0.00 10,795,298.32 0.0010,795,298.320.00643 SEWAGE WORKS RESERVE - O & M 5,550,801.29 0.00 0.00 8,548.94 0.00 8,548.94 5,550,801.29 0.005,550,801.290.00649 SEWAGE WORKS BOND SINKING 7,893,092.59 0.00 0.00 12,137.34 0.00 0.00 7,905,229.93 0.007,905,229.930.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,266,527.02 0.00 0.00 7,125.53 0.00 0.00 4,273,652.55 0.004,273,652.550.00654 SEWAGE WORKS DEPOSIT FUND 119,741.47 260,590.16 11,034.20 156.21 0.00 0.00 369,453.64 0.00369,453.640.00667 STORM SEWER FUND 119,073.51 89,526.30 14,643.57 133.41 0.00 0.00 194,089.65 0.00194,089.650.00670 CENTURY CENTER 1,567,756.78 412,778.64 549,157.26 0.00 0.00 0.00 1,431,378.16 0.001,431,378.160.00671 CENTURY CENTER CAPITAL 1,045,031.58 0.00 0.00 1,110.02 0.00 0.00 1,046,141.60 0.001,046,141.600.00672 CENTURY CENTER ENERGY SAVINGS 344,329.83 0.00 207,862.15 327.92 0.00 0.00 136,795.60 0.00136,795.600.00Total Enterprise Funds70,855,493.409,462,682.768,599,530.98104,442.01 455,336.32455,336.3271,823,087.190.0071,823,087.190.00Internal Service Funds222 CENTRAL SERVICES 1,426,503.47 1,404,300.91 1,450,966.46 1,414.32 0.00 0.00 1,381,252.24 0.001,381,252.240.00224 CENTRAL SERVICES CAPITAL 103,317.50 0.00 4,245.47 161.81 0.00 0.00 99,233.84 0.0099,233.840.00226 LIABILITY INSURANCE 4,782,473.86 329,346.47 262,875.55 6,943.13 0.00 0.00 4,855,887.91 0.004,855,887.910.00278 TAKE HOME VEHICLE POLICE 762,536.93 360.00 1,905.00 1,172.94 0.00 0.00 762,164.87 0.00762,164.870.00279 IT / INNOVATION / 311 CALL CENTER 2,778,331.06 670,305.34 622,812.71 3,653.34 0.00 0.00 2,829,477.03 0.002,829,477.030.00711 SELF-FUNDED EMPLOYEE BENEFITS 9,131,521.24 1,187,887.85 1,290,480.74 15,355.61 0.00 0.00 9,044,283.96 0.009,044,283.960.00713 UNEMPLOYMENT COMP FUND 179,822.95 0.00 249.85 280.42 0.00 0.00 179,853.52 0.00179,853.520.00714 PARENTAL LEAVE FUND 9,119.09 15,998.08 4,314.26 16.58 0.00 0.00 20,819.49 0.0020,819.490.00Total Internal Service Funds19,173,626.103,608,198.653,637,850.0428,998.150.00 0.00 19,172,972.860.0019,172,972.860.00Trust & Agency Funds701 FIREFIGHTERS PENSION 1,457,872.39 12,000.00 406,795.53 0.00 0.00 0.00 1,063,076.86 0.001,063,076.860.00702 POLICE PENSION 2,196,065.28 259.50 505,605.33 0.00 0.00 0.00 1,690,719.45 0.001,690,719.450.00709 PAYROLL FUND 0.00 8,442,146.27 8,442,146.27 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 286,844.37 296,011.82 286,844.37 0.00 0.00 0.00 296,011.82 0.00296,011.820.00725 MORRIS / PALAIS BOX OFFICE 2,531,869.62 0.00 174,888.58 0.00 0.00 0.00 2,356,981.04 0.002,356,981.040.00726 POLICE DISTRIBUTIONS PAYABLE 850,031.53 4,033.17 0.00 0.00 0.00 0.00 854,064.70 0.00854,064.700.00730 CITY CEMETERY TRUST 29,489.49 0.00 0.00 45.34 0.00 0.00 29,534.83 0.0029,534.830.00731 BOWMAN CEMETERY 463,904.61 0.00 0.00 713.36 0.00 0.00 464,617.97 0.00464,617.970.00Total Trust & Agency Funds7,816,077.298,754,450.769,816,280.08758.70 0.00 0.00 6,755,006.670.006,755,006.670.00Total City Funds233,672,122.2928,394,226.6536,868,971.49328,224.65455,336.32455,336.32225,525,602.1069,231.46225,594,833.562,488,902.442019-10 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: October 2019Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 26,941,037.03 240,073.00 1,569,770.76 42,476.24 4,281.49 0.00 25,658,097.00 0.0025,658,097.00(100,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,532,720.81 0.00 497,694.54 2,363.30 0.00 0.00 1,037,389.57 0.001,037,389.570.00429 TIF RIVER EAST DEV (NE) 7,325,074.70 0.00 129,431.14 11,454.37 0.00 0.00 7,207,097.93 0.007,207,097.930.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 9,245,766.49 0.00 56,201.39 14,233.83 0.00 0.00 9,203,798.93 0.009,203,798.930.00435 TIF DOUGLAS ROAD 195,635.81 0.00 0.00 300.83 0.00 0.00 195,936.64 0.00195,936.640.00436 TIF RIVER EAST RES (NE RE) 1,554,217.17 0.00 0.00 2,391.64 0.00 0.00 1,556,608.81 0.001,556,608.81(2,388,902.44)Total Tax Increment Financing Funds46,794,452.01 240,073.002,253,097.8373,220.21 4,281.490.00 44,858,928.880.0044,858,928.88(2,488,902.44)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 1,687,598.68 5,863.00 23,275.03 846.22 0.00 0.00 1,671,032.87 0.001,671,032.870.00439 CERTIFIED TECHNOLOGY PARK 88,049.53 4,647.98 0.00 407.44 0.00 0.00 93,104.95 0.0093,104.950.00454 AIRPORT URBAN ENTERPRISE ZONE 400,480.08 0.00 0.00 615.82 0.00 0.00 401,095.90 0.00401,095.900.00754 INDUSTRIAL REVOLVING FUND 1,806,963.51 7,736.45 7,405.65 17,710.32 0.00 0.00 1,825,004.63 0.001,825,004.630.00Total Redevelopment Funds3,983,091.8018,247.4330,680.6819,579.800.00 0.00 3,990,238.350.003,990,238.350.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 1,602.45 0.00 1,602.45 1,040,462.24 0.001,040,462.240.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 2,679.04 0.00 2,679.04 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 1,010,731.15 0.00 0.00 1,554.22 0.00 0.00 1,012,285.37 0.001,012,285.370.00752 SB REDEVELOPMENT AUTHORITY 58,835.98 0.00 1,200.00 1,068.98 0.00 0.00 58,704.96 0.0058,704.960.00756 SMARTS STREETS DEBT SERVICE 1,733,914.84 0.00 0.00 294.53 0.00 0.00 1,734,209.37 0.001,734,209.370.00Total Debt Service Funds5,583,439.070.00 1,200.007,199.22 0.00 4,281.495,585,156.800.005,585,156.800.00Total Redevelopment Commission Funds56,360,982.88 258,320.43 2,284,978.51 99,999.23 4,281.49 4,281.49 54,434,324.03 0.00 54,434,324.03(2,488,902.44)City Operations Total290,033,105.1728,652,547.0839,153,950.00428,223.88459,617.81 459,617.81 279,959,926.1369,231.46280,029,157.590.00Memo ItemPooled Investment AccountOpening Interest Accrued Change in Transfer In Transfer out Investment Total Cash &Balance Net of Fees Income Asset Value from Depository to Depository Balance Investments1st Source Bank Investment Account185,634,370.62388,869.280.00 76,985.660.00 254,042.94185,846,182.62185,846,182.622019-10 Monthly Cash Report5 City of South BendCash Reserves Summary by Fund Status Cash ActualFund Fund NameCash Outstanding Available Reserve % ofBalance Encumb. Cash Requirement Variance Budget Notes Cash Reserve PolicyUnder Reserve Requirement201 Parks & Recreation 3,696,255 3,380,971 315,284 6,333,526 (6,018,242) 1% Property tax distribution received in June & Dec25% of Annual expenditures211 DCI Administration Fund 958,810 175,827 782,983 788,167 (5,184) 25% Slightly under the reserve requirement25% of Annual expenditures222 Central Services 1,381,252 27,928 1,353,324 2,397,936 (1,044,612) 14% Property tax distribution received in June & Dec25% of Annual expenditures, excluding utility accounting406 Cumulative Capital Development 258,307 281,519 (23,212) 204,530 (227,742) -3% Encumbrances reflect total annual debt payments25% of Annual expenditures429 River East Dev TIF (Northeast TIF) 7,207,098 4,745,675 2,461,423 3,050,496 (589,073) 20% Encumbrances reflect total annual debt payments25% of Annual expenditures610 Solid Waste Operations 334,485 178,975 155,510 552,998 (397,488) 3% Expenditures higher than revenues10% of Annual expenditures667 Storm Sewer Fund 194,090 289,753 (95,663) 150,000 (245,663) -16% New fund, storm water fee revenue to begin in June25% of Annual expenditures714 Parental Leave Fund 20,819 - 20,819 38,924 (18,105) 13% Fund created in 2018, still establishing reserves25% of Annual expenditures14,051,116 9,080,648 4,970,468 13,516,577 (8,546,109) Meets or Exceeds Requirement101 General Fund 31,427,316 569,068 30,858,248 23,054,166 7,804,082 47% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day Fund 10,662,915 - 10,662,915 9,142,632 1,520,283 3%3% of total expenditures in previous fiscal year, excluding one-time capital expenditures202 Motor Vehicle Highway 4,147,727 521,069 3,626,658 3,008,482 618,176 30%25% of Annual expenditures216 Police State Seizures 236,757 - 236,757 8,000 228,757 740%25% of Annual expenditures218 Police Curfew Violations 12,772 - 12,772 250 12,522 1277%25% of Annual expenditures219 Unsafe Building 767,925 91,170 676,756 260,859 415,897 65%25% of Annual expenditures220 Law Enforce. Continuing Education 391,124 4,064 387,060 129,387 257,673 75%25% of Annual expenditures226 Liability Insurance 4,855,888 70,099 4,785,789 2,178,828 2,606,961 110%50% of Annual expenditures249 Public Safety L.O.I.T. 3,649,264 - 3,649,264 685,324 2,963,940 43% 8% of Annual expenditures - one month reserve251 Local Roads & Streets 4,463,385 985,252 3,478,134 1,789,757 1,688,377 49%25% of Annual expenditures258 Human Rights - Federal Grant 480,255 5,779 474,475 77,870 396,605 152%25% of Annual expenditures273 Morris PAC/Palais Royale Marketing 70,193 13,097 57,096 7,500 49,596 190%25% of Annual expenditures274 Morris PAC/Self-Promotion 157,128 - 157,128 18,750 138,378 210%25% of Annual expenditures278 Take Home Vehicle Police 762,165 - 762,165 750,000 12,165 1524%Set dollar amount of $750,000287 EMS Capital 2,323,275 1,135,825 1,187,450 1,115,569 71,881 27%25% of Annual expenditures288 EMS Operating 2,161,635 106,373 2,055,262 1,607,667 447,595 32%25% of Annual expenditures289 HAZMAT 28,389 - 28,389 2,618 25,771 271%25% of Annual expenditures291 Indiana River Rescue 286,494 3,092 283,402 33,816 249,586 210%25% of Annual expenditures294 Regional Police Academy 114,624 - 114,624 5,625 108,999 509%25% of Annual expenditures299 Police Federal Drug Enforcement 113,200 - 113,200 12,750 100,450 222%25% of Annual expenditures315 Airport 2003 Debt Reserve 1,040,462 - 1,040,462 1,040,462 - 100%100% debt service reserve per bond covenants328 SBCDA 2003 Debt Reserve 1,739,495 - 1,739,495 1,739,495 - 100%100% debt service reserve per bond covenants324 River West TIF (Airport TIF) 25,658,097 9,756,784 15,901,313 10,871,238 5,030,075 37% Property tax distribution received in June & Dec25% of Annual expenditures351 2018 TIF Park Bond Debt Svc Reserve 1,012,285 - 1,012,285 1,012,285 - 100% 100% debt service reserve per bond covenants404 County Option Income Tax 13,267,747 857,558 12,410,189 8,510,844 3,899,345 73%50% of Annual expenditures407 Cumulative Capital Improvement 565,539 - 565,539 7,000 558,539 2020%25% of Annual expenditures408 Economic Development Income Tax 17,819,582 2,500,470 15,319,111 7,351,601 7,967,510 104%50% of Annual expenditures416 Morris Performing Arts Center Capital 404,692 91,909 312,783 56,366 256,417 139%25% of Annual expenditures422 TIF District - West Washington 1,037,390 272,574 764,815 423,783 341,032 45% Property tax distribution received in June & Dec25% of Annual expenditures430 TIF Southside Development Area #1 9,203,799 194,951 9,008,848 2,588,182 6,420,666 87% Property tax distribution received in June & Dec25% of Annual expenditures433 Redev Administration General 1,671,033 130,540 1,540,493 268,500 1,271,993 143%25% of Annual expenditures435 TIF - Douglas Road 195,937 93,200 102,737 20,800 81,937 49%10% of Annual expenditures436 River East Residential (NE Res TIF) 1,556,609 - 1,556,609 1,068,750 487,859 36% Property tax distribution received in June & Dec25% of Annual expenditures450 Palais Royale Historic Preservation 105,410 34,160 71,250 27,992 43,258 64%25% of Annual expenditures600 Consolidated Building Department 2,053,741 282,800 1,770,941 1,242,076 528,865 36%25% of Annual expenditures601 Parking Garages 1,235,600 372,865 862,735 476,646 386,089 45%25% of Annual expenditures620 Water Works Operations 4,510,778 1,425,258 3,085,520 1,140,646 1,944,874 14%5% of Annual expenditures624 Water Works Customer Deposit 1,287,331 - 1,287,331 1,287,331 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 1,429,992 1,750,943 (320,951) (320,951) - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants626 Water Works Bond Reserve 1,443,558 - 1,443,558 1,443,558 - 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 2,111,063 74,251 2,036,812 165,797 1,871,015 307%25% of Annual expenditures641 Sewage Works Operations 14,275,128 5,091,761 9,183,367 2,307,147 6,876,220 20%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 7,905,230 6,852,860 1,052,370 1,052,370 - 100% Encumbrances reflect total annual debt payments100% cash reserves per bond covenants653 Sewage Works Debt Service Reserve 4,273,653 - 4,273,653 4,273,653 - 100%100% cash reserves per bond covenants and Crowe Horwath654 Sewage Works Deposit Fund 369,454 - 369,454 369,454 - 100%100% cash reserves for customer depositsOctober 31, 20192019-10 Monthly Cash Report6 City of South BendCash Reserves Summary by Fund Status Cash ActualFund Fund NameCash Outstanding Available Reserve % ofBalance Encumb. Cash Requirement Variance Budget Notes Cash Reserve PolicyOctober 31, 2019655 Project Releaf 521,352 - 521,352 168,741 352,611 77%25% of Annual expenditures670 Century Center 1,431,378 29,451 1,401,928 1,171,839 230,089 30%25% of Annual expenditures671 Century Center Capital 1,046,142 - 1,046,142 800,000 246,142 1260%$800,000 Minimum per Board of Managers701 Firefighters Pension 1,063,077 - 1,063,077 511,246 551,831 21%10% of Annual expenditures702 Police Pension 1,690,719 - 1,690,719 635,590 1,055,129 27%10% of Annual expenditures705 Police K-9 Unit 2,379 - 2,379 505 1,874 118%25% of Annual expenditures711 Self-Funded Employee Benefits 9,044,284 252,698 8,791,586 4,155,747 4,635,839 53%25% of Annual expenditures713 Unemployment Comp Fund 179,854 - 179,854 17,500 162,354 257%25% of Annual expenditures718 State Tax Withholding Fund 296,012 - 296,012 296,012 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 2,356,981 - 2,356,981 2,356,981 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 854,065 - 854,065 854,065 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 29,535 - 29,535 - 29,535 100%25% of Annual expenditures731 Bowman Cemetery 464,618 - 464,618 400,000 64,618 100%$400,000 minimum752 South Bend Redevelopment Authority 58,705 - 58,705 58,705 - 100%100% cash reserves per bond covenants753 Smart Street Bond Capital - - - - - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 814,838 - 814,838 814,838 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 1,734,209 - 1,734,209 1,734,209 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 496,183 - 496,183 496,183 - 100%100% cash reserves per bond covenants760 Eddy St. Commons Debt Service 3,460,320 - 3,460,320 2,500,000 960,320 266%$2,500,000 minimum217,277,207 33,569,921 183,707,288 117,677,144 66,030,144 No Reserve Requirement209 Studebaker/Oliver Revitalizing Grants 935,809 266,279 669,529 - 669,529 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 74,174 32,648 41,526 - 41,526 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Federal Grants 455,208 2,842,157 (2,386,949) - (2,386,949) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest 731,924 339,912 392,012 - 392,012 100%No reserve requirement221 Landlord Registration 15,614 - 15,614 - 15,614 100%No reserve requirement224 Central Services Capital 99,234 - 99,234 - 99,234 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 601,490 211,406 390,085 - 390,085 100%No reserve requirement257 LOIT 2016 Special Distribution 205,360 204,718 643 - 643 100%No reserve requirement265 Local Road & Bridge Grant 544,353 290,452 253,900 - 253,900 100% High encumbrancesNo reserve requirement - Grant fund - spend down to zero266 MVH Restricted 1,349,960 46,785 1,303,175 - 1,303,175 100%New fund - reserve requirement to be determined279 IT / Innovation / 311 Call Center 2,829,477 1,359,431 1,470,046 - 1,470,046 100% Reimbursed through interfund allocationNo reserve requirement280 Police Block Grants 4,068 - 4,068 - 4,068 100%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 177,254 3,410 173,844 - 173,844 100%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 30,015 495 29,520 - 29,520 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 53,484 - 53,484 - 53,484 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,196,144 354,253 1,841,890 - 1,841,890 100%No reserve requirement - Capital fund - spend down to zero439 Certified Technology Park 93,105 806 92,299 - 92,299 100%No reserve requirement451 2018 Fire St #9 Capital 404,019 96,523 307,496 - 307,496 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 5,723,172 1,594,698 4,128,474 - 4,128,474 100%No reserve requirement - Bond capital fund - spend down to zero453 2018 Zoo Bond Capital 487,389 - 487,389 - 487,389 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 401,096 - 401,096 - 401,096 100%No reserve requirement471 2017 Parks Bond Capital 9,345,471 437,245 8,908,226 - 8,908,226 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 211,406 147,679 63,727 - 63,727 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 3,846,534 680,101 3,166,433 - 3,166,433 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 10,795,298 6,698,938 4,096,360 - 4,096,360 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings 136,796 207,863 (71,067) - (71,067) 100% Encumbrances reflect total annual debt paymentsNo reserve requirement750 Equipment/Vehicle Leasing 1,336,318 104,668 1,231,650 - 1,231,650 100% No reserve requirement - Capital lease fund - spend down to zero754 Industrial Revolving Fund 1,825,005 - 1,825,005 - 1,825,005 100%No City reserve requirement; there are program requirements759 Eddy St Commons Capital 4,132,663 - 4,132,663 - 4,132,663 100%No reserve requirement - Bond capital fund - spend down to zero48,700,835 15,920,468 32,780,368 - 32,780,368 City Operations Total 280,029,158 58,571,038 221,458,124 131,193,721 90,264,403 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrances2019-10 Monthly Cash Report7 January 1, 2007 - October 31, 2019 $329,782,565 6/30/2018 $122,056,198 5/31/2007 $217,505,508 -- $291,503,819 -- 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 2019-10 Monthly Cash Report 8 January 1, 2007 - October 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 09/30/19 290,033,105.17 70,855,493.40 56,360,982.88 162,816,628.89 11/30/15 222,277,823.00 75,987,100.36 54,715,027.81 91,575,694.83 10/31/19 280,029,157.59 71,823,087.19 54,434,324.03 153,771,746.37 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 2019-10 Monthly Cash Report 9 $83,296,822 1/31/2013 $28,657,187 1/1/2007 $58,831,490 -- $65,777,392 -- Date Cash Date Cash Date Cash 01/01/07 28,657,187.47 04/30/11 46,284,639.10 08/31/15 72,023,119.13 01/31/07 30,058,091.08 05/31/11 45,692,919.82 09/30/15 75,617,268.98 02/28/07 30,099,578.04 06/30/11 46,029,921.56 10/31/15 77,155,814.42 03/31/07 30,984,947.93 07/31/11 45,556,018.39 11/30/15 75,987,100.36 04/30/07 29,218,887.63 08/31/11 45,688,053.72 12/31/15 64,215,673.59 05/31/07 32,424,086.65 09/30/11 46,330,287.44 01/31/16 65,062,377.54 06/30/07 48,699,567.31 10/31/11 67,040,484.39 02/29/16 67,564,110.56 07/31/07 48,096,309.22 11/30/11 61,691,017.04 03/31/16 69,211,164.87 08/31/07 47,662,427.04 12/31/11 58,173,399.01 04/30/16 69,616,174.97 09/30/07 45,360,303.16 01/31/12 59,207,692.55 05/31/16 69,399,868.04 10/31/07 46,717,357.10 02/29/12 59,272,665.18 06/30/16 68,720,691.90 11/30/07 41,716,114.28 03/31/12 59,768,182.49 07/31/16 69,227,392.30 12/31/07 55,204,053.77 04/30/12 60,202,795.65 08/31/16 67,673,880.42 01/31/08 56,114,335.03 05/31/12 59,123,171.41 09/30/16 69,398,336.63 02/29/08 54,575,012.50 06/30/12 67,140,754.63 10/31/16 68,809,369.21 03/31/08 54,575,272.95 07/31/12 67,955,663.74 11/30/16 61,451,803.84 04/30/08 54,929,047.02 08/31/12 67,464,201.30 12/31/16 58,486,210.11 05/31/08 53,052,472.03 09/30/12 65,732,654.52 01/31/17 58,517,537.99 06/30/08 53,204,418.10 10/31/12 66,270,486.67 02/28/17 60,687,347.41 07/31/08 54,533,563.28 11/30/12 59,658,568.60 03/31/17 62,502,426.31 08/31/08 54,251,216.99 12/31/12 82,506,887.41 04/30/17 63,062,862.44 09/30/08 53,272,451.68 01/31/13 83,296,821.86 05/31/17 62,923,609.40 10/31/08 68,706,036.43 02/28/13 82,484,393.54 06/30/17 62,218,464.08 11/30/08 54,077,562.73 03/31/13 82,950,715.18 07/31/17 63,518,960.13 12/31/08 44,639,804.67 04/30/13 80,568,512.43 08/31/17 64,818,240.75 01/31/09 45,793,529.09 05/31/13 79,672,318.05 09/30/17 66,236,471.94 02/28/09 46,941,062.25 06/30/13 79,520,360.08 10/31/17 66,667,885.35 03/31/09 47,265,006.09 07/31/13 79,867,774.82 11/30/17 59,754,036.10 04/30/09 48,061,985.20 08/31/13 79,782,901.50 12/31/17 57,620,088.62 05/31/09 46,623,111.00 09/30/13 79,940,103.15 01/31/18 59,858,871.62 06/30/09 46,662,615.02 10/31/13 79,663,547.72 02/28/18 58,423,954.94 07/31/09 45,609,990.75 11/30/13 72,524,668.50 03/31/18 60,255,912.54 08/31/09 44,700,623.82 12/31/13 67,716,137.82 04/30/18 61,537,542.97 09/30/09 44,771,129.93 01/31/14 66,889,990.77 05/31/18 62,676,079.74 10/31/09 44,855,908.07 02/28/14 67,566,543.96 06/30/18 62,779,584.12 11/30/09 44,458,186.54 03/31/14 68,633,684.73 07/31/18 64,079,751.06 12/31/09 36,891,179.40 04/30/14 68,960,383.93 08/31/18 65,896,576.77 01/31/10 37,726,300.40 05/31/14 67,425,749.33 09/30/18 67,628,081.52 02/28/10 36,982,623.93 06/30/14 67,697,981.00 10/31/18 70,191,910.88 03/31/10 41,475,717.35 07/31/14 68,611,865.99 11/30/18 62,080,096.93 04/30/10 40,478,357.60 08/31/14 68,747,483.87 12/31/18 63,399,519.22 05/31/10 38,739,522.56 09/30/14 69,430,344.98 01/31/19 61,984,035.31 06/30/10 39,738,881.62 10/31/14 70,431,027.92 02/28/19 62,312,317.89 07/31/10 42,020,069.17 11/30/14 64,909,392.12 03/31/19 65,067,673.27 08/31/10 40,331,826.60 12/31/14 61,623,499.90 04/30/19 65,875,626.86 09/30/10 40,245,656.32 01/31/15 61,585,040.94 05/31/19 65,258,811.69 10/31/10 39,984,803.80 02/28/15 63,269,776.69 06/30/19 65,359,551.38 11/30/10 35,695,100.47 03/31/15 64,288,370.38 07/31/19 67,151,539.38 12/31/10 41,300,042.16 04/30/15 65,430,174.18 08/31/19 68,160,947.96 01/31/11 42,918,366.28 05/31/15 65,714,228.05 09/30/19 70,855,493.40 02/28/11 44,793,554.36 06/30/15 68,746,632.56 10/31/19 71,823,087.19 03/31/11 46,555,428.08 07/31/15 70,884,051.33 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 - October 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 2019-10 Monthly Cash Report 10 $81,992,643 6/30/2018 $26,731,149 1/31/2009 $50,166,689 -- $59,348,601 -- Date Cash Date Cash Date Cash 01/01/07 40,101,775.51 04/30/11 51,775,206.12 08/31/15 61,042,169.83 01/31/07 37,204,941.29 05/31/11 45,543,075.85 09/30/15 59,936,471.64 02/28/07 42,400,991.27 06/30/11 57,605,720.29 10/31/15 56,339,743.69 03/31/07 36,322,464.80 07/31/11 51,845,520.23 11/30/15 54,715,027.81 04/30/07 36,374,308.24 08/31/11 49,085,008.00 12/31/15 61,194,710.47 05/31/07 36,579,224.31 09/30/11 47,073,543.39 01/31/16 55,690,681.11 06/30/07 35,914,061.41 10/31/11 44,750,523.17 02/29/16 53,548,676.30 07/31/07 33,046,039.94 11/30/11 41,844,406.42 03/31/16 53,434,486.66 08/31/07 31,416,991.60 12/31/11 51,201,636.39 04/30/16 51,317,725.09 09/30/07 30,955,278.22 01/31/12 44,464,972.65 05/31/16 50,296,085.76 10/31/07 29,953,285.20 02/29/12 43,124,396.97 06/30/16 64,433,239.06 11/30/07 29,049,190.99 03/31/12 40,875,506.16 07/31/16 58,518,600.58 12/31/07 43,118,912.28 04/30/12 39,972,677.94 08/31/16 55,966,718.35 01/31/08 41,405,052.40 05/31/12 37,283,464.71 09/30/16 55,065,472.04 02/29/08 40,635,068.99 06/30/12 48,308,618.33 10/31/16 52,059,580.89 03/31/08 40,558,124.18 07/31/12 43,597,429.86 11/30/16 51,222,578.99 04/30/08 40,290,091.29 08/31/12 41,355,817.62 12/31/16 60,406,691.98 05/31/08 40,210,711.69 09/30/12 40,654,565.67 01/31/17 54,709,591.50 06/30/08 39,857,987.53 10/31/12 38,605,222.83 02/28/17 60,693,512.64 07/31/08 39,145,712.40 11/30/12 37,090,958.24 03/31/17 54,200,785.07 08/31/08 36,074,455.00 12/31/12 47,393,846.15 04/30/17 53,618,489.08 09/30/08 35,928,266.53 01/31/13 45,144,294.34 05/31/17 50,870,962.23 10/31/08 34,674,631.21 02/28/13 41,364,435.41 06/30/17 64,818,554.92 11/30/08 33,382,904.90 03/31/13 41,430,811.51 07/31/17 59,955,849.53 12/31/08 28,608,922.65 04/30/13 42,438,979.52 08/31/17 60,726,084.24 01/31/09 26,731,148.85 05/31/13 42,077,874.12 09/30/17 57,532,562.70 02/28/09 28,199,966.51 06/30/13 55,157,971.58 10/31/17 55,546,746.25 03/31/09 27,482,787.81 07/31/13 51,147,079.40 11/30/17 55,251,426.66 04/30/09 38,905,572.01 08/31/13 48,231,381.91 12/31/17 65,818,514.83 05/31/09 38,656,758.39 09/30/13 47,344,717.04 01/31/18 60,435,599.30 06/30/09 36,003,705.47 10/31/13 45,849,747.51 02/28/18 58,919,560.09 07/31/09 39,288,192.08 11/30/13 45,831,055.40 03/31/18 56,967,800.25 08/31/09 38,981,480.90 12/31/13 55,315,510.06 04/30/18 70,308,595.71 09/30/09 38,365,267.66 01/31/14 50,898,242.66 05/31/18 69,433,440.38 10/31/09 36,749,933.72 02/28/14 49,986,290.38 06/30/18 81,992,642.55 11/30/09 35,847,660.55 03/31/14 49,028,261.04 07/31/18 78,753,842.27 12/31/09 34,358,243.89 04/30/14 47,281,387.13 08/31/18 73,401,834.82 01/31/10 53,534,937.83 05/31/14 46,795,213.96 09/30/18 70,934,670.78 02/28/10 52,816,628.95 06/30/14 61,118,881.00 10/31/18 58,183,703.49 03/31/10 52,577,148.25 07/31/14 56,842,280.86 11/30/18 57,701,465.11 04/30/10 51,768,568.42 08/31/14 55,735,447.17 12/31/18 66,695,748.11 05/31/10 50,881,687.36 09/30/14 54,889,194.46 01/31/19 59,597,388.81 06/30/10 62,539,377.78 10/31/14 54,196,891.83 02/28/19 60,283,680.41 07/31/10 55,401,804.58 11/30/14 54,554,819.33 03/31/19 57,633,297.22 08/31/10 53,423,401.23 12/31/14 65,903,128.76 04/30/19 55,133,997.10 09/30/10 52,832,007.68 01/31/15 60,387,162.56 05/31/19 53,673,044.13 10/31/10 51,745,774.22 02/28/15 58,990,110.88 06/30/19 68,360,737.05 11/30/10 49,573,730.89 03/31/15 58,654,868.03 07/31/19 61,596,350.52 12/31/10 65,164,721.07 04/30/15 57,972,838.77 08/31/19 60,712,190.84 01/31/11 57,392,911.65 05/31/15 57,630,884.95 09/30/19 56,360,982.88 02/28/11 53,822,791.88 06/30/15 70,642,566.10 10/31/19 54,434,324.03 03/31/11 52,439,712.97 07/31/15 65,048,413.67 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 - October 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 2019-10 Monthly Cash Report 11 $185,010,338 6/30/2018 $53,052,887 5/31/2007 $108,629,638 -- $164,680,582 -- Date Cash Date Cash Date Cash 01/01/07 85,175,579.60 04/30/11 98,831,059.73 08/31/15 95,418,067.35 01/31/07 73,488,712.70 05/31/11 95,848,921.73 09/30/15 98,961,223.68 02/28/07 62,279,572.21 06/30/11 126,998,337.53 10/31/15 96,618,498.09 03/31/07 63,387,712.08 07/31/11 118,336,148.46 11/30/15 91,575,694.83 04/30/07 57,999,328.33 08/31/11 113,258,535.54 12/31/15 103,372,121.18 05/31/07 53,052,886.63 09/30/11 110,396,745.77 01/31/16 96,593,548.78 06/30/07 69,141,886.09 10/31/11 106,268,532.08 02/29/16 92,760,927.94 07/31/07 55,973,444.69 11/30/11 103,722,320.22 03/31/16 88,559,353.77 08/31/07 56,738,574.39 12/31/11 122,382,409.35 04/30/16 86,653,485.20 09/30/07 54,332,089.62 01/31/12 112,856,049.10 05/31/16 86,834,652.02 10/31/07 62,335,616.12 02/29/12 108,263,714.86 06/30/16 116,591,466.93 11/30/07 78,241,163.17 03/31/12 104,341,336.06 07/31/16 121,999,405.01 12/31/07 92,992,407.68 04/30/12 102,221,194.49 08/31/16 105,828,873.80 01/31/08 80,935,072.49 05/31/12 98,400,589.02 09/30/16 106,788,928.77 02/29/08 79,815,076.58 06/30/12 129,269,506.53 10/31/16 103,888,093.70 03/31/08 75,755,584.16 07/31/12 118,715,231.38 11/30/16 98,003,054.46 04/30/08 70,171,420.22 08/31/12 114,706,440.90 12/31/16 115,636,423.15 05/31/08 63,701,375.82 09/30/12 116,874,708.78 01/31/17 123,978,793.66 06/30/08 74,301,370.46 10/31/12 109,940,198.76 02/28/17 121,509,295.84 07/31/08 77,357,385.95 11/30/12 107,094,590.01 03/31/17 116,554,975.66 08/31/08 73,612,781.45 12/31/12 125,384,469.62 04/30/17 110,930,193.42 09/30/08 70,870,856.93 01/31/13 119,412,780.36 05/31/17 108,877,270.93 10/31/08 61,421,121.17 02/28/13 113,373,764.76 06/30/17 137,292,433.56 11/30/08 60,929,733.44 03/31/13 107,698,520.03 07/31/17 130,725,920.08 12/31/08 67,373,134.56 04/30/13 103,435,158.90 08/31/17 126,515,209.12 01/31/09 56,557,371.00 05/31/13 98,352,454.84 09/30/17 153,866,546.50 02/28/09 61,446,169.16 06/30/13 125,169,937.15 10/31/17 147,133,964.65 03/31/09 75,602,332.02 07/31/13 121,430,845.57 11/30/17 143,554,756.24 04/30/09 69,388,217.66 08/31/13 114,023,924.90 12/31/17 167,851,319.70 05/31/09 68,735,769.04 09/30/13 115,040,485.48 01/31/18 162,491,472.74 06/30/09 62,589,041.72 10/31/13 109,822,423.95 02/28/18 158,812,440.01 07/31/09 66,130,768.09 11/30/13 104,254,613.29 03/31/18 157,559,868.19 08/31/09 71,071,962.93 12/31/13 124,318,129.42 04/30/18 148,410,420.86 09/30/09 70,242,756.18 01/31/14 114,256,166.29 05/31/18 148,710,961.31 10/31/09 68,758,254.71 02/28/14 109,603,281.18 06/30/18 185,010,338.05 11/30/09 63,704,336.96 03/31/14 104,384,382.05 07/31/18 174,174,636.01 12/31/09 117,203,577.74 04/30/14 98,541,834.35 08/31/18 169,092,973.62 01/31/10 104,838,291.70 05/31/14 95,103,846.00 09/30/18 167,461,074.68 02/28/10 104,864,103.11 06/30/14 122,883,782.00 10/31/18 168,975,135.70 03/31/10 103,854,789.67 07/31/14 113,327,256.18 11/30/18 162,330,274.67 04/30/10 98,183,077.33 08/31/14 109,603,756.37 12/31/18 179,716,517.72 05/31/10 111,608,210.69 09/30/14 109,275,831.00 01/31/19 171,206,079.23 06/30/10 128,279,716.19 10/31/14 101,285,566.72 02/28/19 167,558,852.67 07/31/10 119,642,649.15 11/30/14 97,119,208.93 03/31/19 159,549,535.86 08/31/10 116,632,252.40 12/31/14 112,281,466.37 04/30/19 155,780,499.49 09/30/10 118,416,709.45 01/31/15 103,499,061.06 05/31/19 148,297,131.48 10/31/10 112,912,072.36 02/28/15 99,594,218.25 06/30/19 179,976,642.47 11/30/10 113,513,586.86 03/31/15 92,334,813.71 07/31/19 169,098,059.79 12/31/10 121,274,488.95 04/30/15 89,927,304.71 08/31/19 166,065,012.41 01/31/11 113,796,557.05 05/31/15 86,034,381.75 09/30/19 162,816,628.89 02/28/11 109,647,280.68 06/30/15 110,214,298.75 10/31/19 153,771,746.37 03/31/11 105,410,957.45 07/31/15 100,449,392.01 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 - October 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 2019-10 Monthly Cash Report 12