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2019-12 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 Chief of Staff Deputy Chief of Staff Common Council Department Heads Fiscal Officers December 31, 2019 Controller City of South Bend Monthly Cash Report 2019-12 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 6-7) 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 9-12) 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. 2019-12 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 $27,027,909.56$24,354,142.58$6,519,299.21 $61,040.91 $15,000.00$152,013.00$44,786,780.84$0.00$44,786,780.84$0.00Special Revenue Funds102 RAINY DAY FUND 10,685,478.30 0.00 0.00 22,821.21 0.00 0.00 10,708,299.51 0.0010,708,299.510.00201 PARKS & RECREATION (534,134.10)5,580,431.89 1,509,694.67 4,520.85 100,000.00 0.00 3,641,123.97 0.003,641,123.970.00202 MOTOR VEHICLE HIGHWAY 3,624,662.12 1,595,708.67 818,752.40 8,522.27 946,937.50 625,000.00 4,732,078.16 0.004,732,078.160.00209 STUDEBAKER/OLIVER REVERTING GRANTS 925,710.00 0.00 460.00 1,984.76 0.00 0.00 927,234.76 0.00927,234.76100,000.00210 DEPT COMMUNITY INVESTMENT STATE GRANTS 87,454.15 0.00 22,884.36 184.20 0.00 0.00 64,753.99 0.0064,753.990.00211 DCI OPERATING FUND 649,207.25 20,121.92 248,797.29 1,742.41 587,658.25 0.00 1,009,932.54 0.001,009,932.540.00212 DEPARTMENT OF COMMUNITY INVESTMENT 238,964.13 226,365.18 160,384.12 302.89 0.00 0.00 305,248.08 0.00305,248.080.00216 POLICE STATE SEIZURES 237,257.24 0.00 0.00 506.71 0.00 0.00 237,763.95 0.00237,763.950.00217 GIFT, DONATION, BEQUEST 716,042.79 2,501.95 125,479.43 2,981.45 0.00 0.00 596,046.76 70,828.53666,875.290.00218 POLICE CURFEW VIOLATIONS 12,836.39 0.00 0.00 27.34 0.00 0.00 12,863.73 0.0012,863.730.00219 UNSAFE BUILDING 757,632.16 38,732.35 47,373.89 1,625.56 170,372.75 0.00 920,988.93 0.00920,988.930.00220 LAW ENFORCEMENT CONTINUING EDUCATION 408,277.54 16,438.51 5,274.28 846.41 0.00 0.00 420,288.18 0.00420,288.180.00221 LANDLORD REGISTRATION 17,146.18 600.00 0.00 35.09 0.00 0.00 17,781.27 0.0017,781.270.00227 LOSS RECOVERY FUND 602,763.20 0.00 0.00 1,287.33 0.00 0.00 604,050.53 0.00604,050.530.00249 PUBLIC SAFETY L.O.I.T. 3,381,827.35 713,799.63 856,531.48 7,059.87 0.00 0.00 3,246,155.37 0.003,246,155.370.00251 LOCAL ROADS & STREETS 4,485,152.54 173,035.37 71,789.70 9,476.11 625,000.00 0.00 5,220,874.32 0.005,220,874.320.00257 LOIT 2016 SPECIAL DISTRIBUTION 177,711.95 0.00 7,793.85 416.45 0.00 0.00 170,334.55 0.00170,334.550.00258 HUMAN RIGHTS - FEDERAL GRANT 460,191.22 72,974.60 14,339.10 1,002.50 0.00 0.00 519,829.22 0.00519,829.220.00265 LOCAL ROAD & BRIDGE GRANT 447,296.50 0.00 0.00 1,080.56 0.00 0.00 448,377.06 0.00448,377.060.00266 MVH RESTRICTED 1,592,264.62 270,503.65 1,216,964.39 3,072.85 0.00 0.00 648,876.73 0.00648,876.730.00273 MORRIS PAC/PALAIS ROYALE MARKETING 66,347.44 8,662.00 2,281.00 144.81 0.00 0.00 72,873.25 0.0072,873.250.00274 MORRIS PAC SELF-PROMOTION 172,970.65 13,068.00 0.00 362.49 0.00 0.00 186,401.14 0.00186,401.140.00280 POLICE BLOCK GRANTS 4,076.51 0.00 0.00 8.70 0.00 0.00 4,085.21 0.004,085.210.00289 HAZMAT 28,448.95 0.00 928.02 60.75 0.00 0.00 27,581.68 0.0027,581.680.00291 INDIANA RIVER RESCUE 291,024.70 1,300.00 310.00 622.54 0.00 0.00 292,637.24 0.00292,637.240.00292 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 117,846.84 650.00 541.40 248.08 0.00 0.00 118,203.52 0.00118,203.520.00295 COPS MORE GRANT 190,467.42 2,404.40 24,208.57 378.33 0.00 0.00 169,041.58 0.00169,041.580.00299 POLICE FEDERAL DRUG ENFORCEMENT 113,391.72 0.00 0.00 159.78 0.00 0.00 113,551.50 0.00113,551.500.00404 COUNTY OPTION INCOME TAX 13,346,242.32 1,013,457.83 501,551.62 27,785.71 0.00 1,191,082.25 12,694,851.99 0.0012,694,851.99420,253.20408 ECONOMIC DEVELOPMENT INCOME TAX 18,393,983.99 1,374,364.18 1,061,367.94 38,315.37 0.00 1,396,759.27 17,348,536.33 0.0017,348,536.330.00410 URBAN DEVELOPMENT ACTION GRANT (UDAG) 53,597.05 0.00 0.00 114.46 0.00 0.00 53,711.51 0.0053,711.51(420,253.20)655 PROJECT RELEAF 529,411.25 41,503.58 37,290.99 1,125.20 0.00 137,500.00 397,249.04 0.00397,249.040.00705 POLICE K-9 UNIT 2,384.52 0.00 0.00 5.08 0.00 0.00 2,389.60 0.002,389.600.00754 INDUSTRIAL REVOLVING FUND 1,844,334.99 221,024.84 26,323.69 39,296.83 0.00 0.00 2,078,332.97 0.002,078,332.970.00Total Special Revenue Funds64,154,985.3811,387,648.556,761,322.19178,124.952,429,968.503,350,341.5268,039,063.6770,828.5368,109,892.20100,000.00 Debt Service Fund312 2017 PARKS BOND DEBT SERVICE(367,720.19)598,988.37 23,017.51 0.00 0.00 0.00 208,250.67 0.00208,250.670.00350 2018 FIRE ST #9 DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.000.00752 SB REDEVELOPMENT AUTHORITY 256,801.79 0.00 34,806.25 588.90 0.00 0.00 222,584.44 0.00222,584.440.00755 SB BUILDING CORPORATION 1,734,465.93 0.00 0.00 434.82 0.00 0.00 1,734,900.75 0.001,734,900.750.00756 SMARTS STREETS DEBT SERVICE 814,555.62 0.00 1,100.00 1,569.38 0.00 0.00 815,025.00 0.00815,025.000.00757 2015 PARKS BOND DEBT SERVICE 527,840.54 30,991.77 0.00 427.58 31,236.77 0.00 590,496.66 0.00590,496.660.00760 EDDY ST. COMMONS DEBT SERVICE 3,460,832.42 0.00 0.00 867.61 0.00 0.00 3,461,700.03 0.003,461,700.030.00Capital Project Funds401 COVELESKI STADIUM CAPITAL 30,070.48 0.00 4,345.80 64.22 0.00 0.00 25,788.90 0.0025,788.900.00406 CUMULATIVE CAPITAL DEVELOPMENT (7,616.74)239,587.51 9,182.35 304.49 0.00 0.00 223,092.91 0.00223,092.910.00407 CUMULATIVE CAPITAL IMPROVEMENT 566,775.51 119,412.67 0.00 1,210.45 0.00 0.00 687,398.63 0.00687,398.630.00412 MAJOR MOVES CONSTRUCTION 2,198,513.93 0.00 12,388.48 4,696.05 0.00 0.00 2,190,821.50 0.002,190,821.502,388,902.44416 MORRIS PERFORMING ARTS CENTER CAPITAL 408,592.13 13,068.00 1,400.00 874.85 0.00 0.00 421,134.98 0.00421,134.980.00450 PALAIS ROYALE HISTORIC PRESERVATION 106,791.48 521.39 0.00 225.92 0.00 0.00 107,538.79 0.00107,538.790.00451 2018 FIRE STATION #9 CAPITAL 398,080.59 0.00 0.00 858.99 0.00 0.00 398,939.58 0.00398,939.580.00Month of: December 20192019-12 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: December 2019453 2018 ZOO BOND CAPITAL 459,259.01 0.00 338,892.18 562.31 0.00 0.00 120,929.14 0.00120,929.140.00471 2017 PARKS BOND CAPITAL 9,037,799.13 0.00 16,033.23 19,776.02 0.00 0.00 9,041,541.92 0.009,041,541.920.00750 EQUIPMENT / VEHICLE LEASING 1,271,378.09 0.00 255,559.55 653.10 0.00 0.00 1,016,471.64 0.001,016,471.640.00759 EDDY ST COMMONS BOND CAPITAL 3,913,298.93 0.00 865,114.92 6.45 0.00 0.00 3,048,190.46 0.003,048,190.460.00Total Capital & Debt Service Funds24,809,718.651,002,569.71 1,561,840.2733,121.1431,236.770.00 24,314,806.000.0024,314,806.002,388,902.44Enterprise Funds287 EMS CAPITAL 1,964,334.66 0.00 148,034.48 4,887.51 136,423.75 0.00 1,957,611.44 0.001,957,611.440.00288 EMS OPERATING 2,013,205.78 833,313.45 573,551.41(5,952.22)247,234.00 0.00 2,514,249.60 0.002,514,249.600.00600 CONSOLIDATED BUILDING DEPARTMENT 1,760,320.02 239,717.95 316,261.94 4,105.59 632,227.25 39,735.75 2,280,373.12 0.002,280,373.120.00601 PARKING GARAGES 1,290,962.35 54,680.04 25,181.69 2,681.27 0.00 0.00 1,323,141.97 0.001,323,141.970.00610 SOLID WASTE OPERATIONS 296,517.41 505,916.45 355,173.80 831.04 0.00 0.00 448,091.10 0.00448,091.100.00611 SOLID WASTE CAPITAL 64,375.55 0.00 45.20 442.21 0.00 0.00 64,772.56 0.0064,772.560.00620 WATER WORKS OPERATIONS 4,151,771.91 2,106,558.66 1,673,857.40 7,843.80 37,326.60 435,087.00 4,194,556.57 0.004,194,556.570.00622 WATER WORKS CAPITAL 3,901,265.97 11,542.50 13,740.00 8,455.22 270,087.00 0.00 4,177,610.69 0.004,177,610.690.00624 WATER WORKS CUSTOMER DEPOSIT 1,285,085.69 9,712.32 10,369.33 2,751.99 0.00 2,751.99 1,284,428.68 0.001,284,428.680.00625 WATER WORKS SINKING FUND 1,597,992.27 0.00 1,477,532.43 3,381.43 165,000.00 3,381.43 285,459.84 0.00285,459.840.00626 WATER WORKS BOND RESERVE 1,446,593.03 0.00 3,107.93 0.00 25,000.00 1,424,700.96 0.001,424,700.960.00629 WATER WORKS RESERVE - O & M 2,895,721.40 0.00 0.00 6,193.18 0.00 6,193.18 2,895,721.40 0.002,895,721.400.00640 SEWER REPAIR INSURANCE 2,132,166.96 69,663.67 37,868.50 4,545.26 0.00 0.00 2,168,507.39 0.002,168,507.390.00641 SEWAGE WORKS OPERATIONS 14,232,974.76 3,639,583.51 2,592,435.76 31,318.96 61,871.71 0.00 15,373,313.18 0.0015,373,313.180.00642 SEWAGE WORKS CAPITAL 10,361,930.16 29,884.50 1,019,131.28 22,293.93 0.00 0.00 9,394,977.31 0.009,394,977.310.00643 SEWAGE WORKS RESERVE - O & M 5,550,801.29 0.00 0.00 11,871.71 0.00 11,871.71 5,550,801.29 0.005,550,801.290.00649 SEWAGE WORKS BOND SINKING 1,069,312.47 0.00 550.00 16,431.04 0.00 0.00 1,085,193.51 0.001,085,193.510.00653 SEWAGE WORKS DEBT SERVICE RESERVE 4,280,228.21 0.00 0.00 11,686.85 0.00 0.00 4,291,915.06 0.004,291,915.060.00654 SEWAGE WORKS DEPOSIT FUND 390,513.31 31,266.66 10,409.00 817.09 0.00 0.00 412,188.06 0.00412,188.060.00667 STORM SEWER FUND 46,404.32 96,387.24 18,987.82 310.54 0.00 0.00 124,114.28 0.00124,114.280.00670 CENTURY CENTER 1,564,205.82 464,968.38 491,978.02 0.00 0.00 0.00 1,537,196.18 0.001,537,196.180.00671 CENTURY CENTER CAPITAL 980,847.91 0.00 0.00 833.39 0.00 0.00 981,681.30 0.00981,681.300.00672 CENTURY CENTER ENERGY SAVINGS 188,816.31 0.00 0.00 266.07 0.00 0.00 189,082.38 0.00189,082.380.00Total Enterprise Funds63,466,347.568,093,195.338,765,108.06139,103.791,550,170.31 524,021.0663,959,687.870.0063,959,687.870.00Internal Service Funds222 CENTRAL SERVICES 1,379,381.94 1,198,420.74 1,128,195.63 2,137.72 0.00 0.00 1,451,744.77 0.001,451,744.770.00224 CENTRAL SERVICES CAPITAL 99,452.52 0.00 77,795.00 212.40 0.00 0.00 21,869.92 0.0021,869.920.00226 LIABILITY INSURANCE 4,964,805.69 444,311.18 469,716.64 10,389.46 0.00 0.00 4,949,789.69 0.004,949,789.690.00278 TAKE HOME VEHICLE POLICE 764,319.07 1,447.00 43,905.10 1,631.77 0.00 0.00 723,492.74 0.00723,492.740.00279 IT / INNOVATION / 311 CALL CENTER 2,834,965.67 669,181.50 408,467.83 5,372.66 0.00 0.00 3,101,052.00 0.003,101,052.000.00711 SELF-FUNDED EMPLOYEE BENEFITS 9,062,533.41 1,184,064.16 1,011,778.23 20,824.71 0.00 0.00 9,255,644.05 0.009,255,644.050.00713 UNEMPLOYMENT COMP FUND 180,234.33 0.00 132.13 384.92 0.00 0.00 180,487.12 0.00180,487.120.00714 PARENTAL LEAVE FUND 28,936.82 15,435.96 11,941.83 55.19 0.00 0.00 32,486.14 0.0032,486.140.00Total Internal Service Funds19,314,629.453,512,860.543,151,932.3941,008.830.00 0.00 19,716,566.430.0019,716,566.430.00Trust & Agency Funds701 FIREFIGHTERS PENSION 698,560.22 1,943.76 366,921.14 2,129.26 0.00 0.00 335,712.10 0.00335,712.100.00702 POLICE PENSION 1,176,284.40 31,437.60 514,669.62 3,458.13 0.00 0.00 696,510.51 0.00696,510.510.00709 PAYROLL FUND 0.00 9,259,202.28 9,259,202.28 0.00 0.00 0.00 0.00 0.000.000.00718 STATE TAX DEDUCTION FUND 409,387.81 335,621.39 409,387.81 0.00 0.00 0.00 335,621.39 0.00335,621.390.00725 MORRIS / PALAIS BOX OFFICE 2,330,967.87 735,003.85 0.00 0.00 0.00 0.00 3,065,971.72 0.003,065,971.720.00726 POLICE DISTRIBUTIONS PAYABLE 855,869.99 1,307.59 0.00 0.00 0.00 0.00 857,177.58 0.00857,177.580.00730 CITY CEMETERY TRUST 29,597.33 0.00 0.00 63.21 0.00 0.00 29,660.54 0.0029,660.540.00731 BOWMAN CEMETERY 465,601.13 0.00 0.00 994.39 0.00 0.00 466,595.52 0.00466,595.520.00Total Trust & Agency Funds5,966,268.7510,364,516.4710,550,180.856,644.990.00 0.00 5,787,249.360.005,787,249.360.00Total City Funds204,739,859.3558,714,933.1837,309,682.97459,044.61 4,026,375.584,026,375.58226,604,154.1770,828.53226,674,982.702,488,902.442019-12 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: December 2019Redevelopment Commission Controlled FundsTax Increment Financing Funds324 TIF RIVER WEST 24,371,148.76 7,963,769.20 1,513,517.56 52,631.32 5,945.59 0.00 30,879,977.31 0.0030,879,977.31(100,000.00)422 TIF DISTRICT - WEST WASHINGTON 1,040,011.70 136,305.33 149,135.72 2,221.08 0.00 0.00 1,029,402.39 0.001,029,402.390.00429 TIF RIVER EAST DEV (NE) 7,190,879.71 1,080,468.46 90,603.29 15,404.06 0.00 0.00 8,196,148.94 0.008,196,148.940.00430 TIF SOUTHSIDE DEVELOPMENT AREA #1 9,215,470.15 1,094,549.15 744,441.95 19,687.81 0.00 0.00 9,585,265.16 0.009,585,265.160.00435 TIF DOUGLAS ROAD 192,926.25 0.00 5,975.00 414.71 0.00 0.00 187,365.96 0.00187,365.960.00436 TIF RIVER EAST RES (NE RE) 1,559,902.67 2,134,968.88 0.00 3,331.51 0.00 0.00 3,698,203.06 0.003,698,203.06(2,388,902.44)Total Tax Increment Financing Funds43,570,339.2412,410,061.022,503,673.5293,690.495,945.590.00 53,576,362.820.0053,576,362.82(2,488,902.44)Redevelopment Funds433 REDEVELOPMENT ADMINISTRATION GENERAL 1,514,416.77 5,863.00 50,130.46 3,301.67 0.00 0.00 1,473,450.98 0.001,473,450.980.00439 CERTIFIED TECHNOLOGY PARK 10,853.74 0.00 0.00 85.40 0.00 0.00 10,939.14 0.0010,939.140.00452 2018 TIF PARK BOND CAPITAL 4,455,549.16 0.00 390,455.22 10,995.78 0.00 0.00 4,076,089.72 0.004,076,089.720.00454 AIRPORT URBAN ENTERPRISE ZONE 401,944.64 0.00 0.00 858.43 0.00 0.00 402,803.07 0.00402,803.070.00Total Redevelopment Funds6,382,764.31 5,863.00440,585.6815,241.280.00 0.00 5,963,282.91 0.005,963,282.910.00Debt Service Funds 315 AIRPORT 2003 DEBT RESERVE 1,040,462.24 0.00 0.00 2,225.27 0.00 2,225.27 1,040,462.24 0.001,040,462.240.00328 SBCDA 2003 DEBT RESERVE 1,739,494.86 0.00 0.00 3,720.32 0.00 3,720.32 1,739,494.86 0.001,739,494.860.00351 2018 TIF PARK BOND DEBT SERVICE RESERVE 1,014,427.42 0.00 0.00 2,166.53 0.00 0.00 1,016,593.95 0.001,016,593.950.00352 SOUTH SHORE DOUBLE TRACKING BONDS 0.00 9,356,612.07 9,326,793.56 0.00 0.00 0.00 29,818.51 0.0029,818.510.00Total Debt Service Funds3,794,384.529,356,612.079,326,793.568,112.12 0.00 5,945.593,826,369.560.003,826,369.560.00Total Redevelopment Commission Funds53,747,488.07 21,772,536.09 12,271,052.76 117,043.89 5,945.59 5,945.59 63,366,015.29 0.00 63,366,015.29(2,488,902.44)City Operations Total258,487,347.4280,487,469.2749,580,735.73576,088.504,032,321.174,032,321.17289,970,169.4670,828.53290,040,997.990.00Memo 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 Account185,802,115.70299,568.450.00 (43,972.46)0.00 436,421.51 185,621,290.18185,621,290.182019-12 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 3,641,124 617,555 3,023,569 3,986,026 (962,457) 19% Building back up reserves after capital spend in 201925% of Annual expenditures278 Take Home Vehicle Police 723,493 - 723,493 750,000 (26,507) 1447% Slightly under reserve requirementSet dollar amount of $750,000610 Solid Waste Operations 448,091 34,806 413,285 572,454 (159,169) 7% Expenditures higher than revenues10% of Annual expenditures667 Storm Sewer Fund 124,114 46,730 77,384 150,000 (72,616) 13% Fund created in 2019, still establishing reserves25% of Annual expenditures701 Firefighters Pension 335,712 - 335,712 511,246 (175,534) 7% Pension payments received in June & Sept10% of Annual expenditures5,272,534 699,091 4,573,443 5,969,726 (1,396,283) Meets or Exceeds Requirement101 General Fund 44,786,781 820,834 43,965,947 23,224,368 20,741,579 66% Property tax distribution received in June & Dec35% of Annual expenditures102 Rainy Day Fund 10,708,300 - 10,708,300 9,142,632 1,565,668 4%3% of total expenditures in previous fiscal year, excluding one-time capital expenditures202 Motor Vehicle Highway 4,732,078 727,749 4,004,330 3,054,330 950,000 33%25% of Annual expenditures211 DCI Administration Fund 1,009,933 268,679 741,254 315,267 425,987 24%10% of Annual expenditures216 Police State Seizures 237,764 - 237,764 8,000 229,764 743%25% of Annual expenditures218 Police Curfew Violations 12,864 - 12,864 250 12,614 1286%25% of Annual expenditures220 Law Enforce. Continuing Education 420,288 49,877 370,411 129,387 241,024 72%25% of Annual expenditures221 Landlord Registration 17,781 - 17,781 50 17,731 3556%10% of Annual expenditures222 Central Services 1,451,745 24,600 1,427,144 959,174 467,970 15%10% of Annual expenditures, excluding utility accounting226 Liability Insurance 4,949,790 208,922 4,740,867 2,732,885 2,007,982 87%50% of Annual expenditures249 Public Safety L.O.I.T. 3,246,155 - 3,246,155 685,324 2,560,831 38% 8% of Annual expenditures - one month reserve273 Morris PAC/Palais Royale Marketing 72,873 10,816 62,057 7,500 54,557 207%25% of Annual expenditures274 Morris PAC/Self-Promotion 186,401 - 186,401 18,750 167,651 249%25% of Annual expenditures288 EMS Operating 2,514,250 52,067 2,462,183 1,626,417 835,766 38%25% of Annual expenditures289 HAZMAT 27,582 - 27,582 2,618 24,964 263%25% of Annual expenditures291 Indiana River Rescue 292,637 2,782 289,856 33,816 256,040 214%25% of Annual expenditures294 Regional Police Academy 118,204 - 118,204 5,625 112,579 525%25% of Annual expenditures299 Police Federal Drug Enforcement 113,552 - 113,552 12,750 100,802 223%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 covenants351 2018 TIF Park Bond Debt Svc Reserve 1,016,594 - 1,016,594 1,016,594 - 100% 100% debt service reserve per bond covenants352 South Shore Double Tracking Debt Service29,819 - 29,819 29,819 - 100%100% debt service reserve per bond covenants404 County Option Income Tax 12,694,852 3,607,470 9,087,382 8,619,357 468,025 53%50% of Annual expenditures408 Economic Development Income Tax 17,348,536 2,997,827 14,350,709 7,351,601 6,999,108 98%50% of Annual expenditures433 Redev Administration General 1,473,451 389,636 1,083,815 268,500 815,315 101%25% of Annual expenditures600 Consolidated Building Department 2,280,373 277,935 2,002,438 1,272,076 730,362 39%25% of Annual expenditures601 Parking Garages 1,323,142 479,060 844,082 476,646 367,436 44%25% of Annual expenditures620 Water Works Operations 4,194,557 896,761 3,297,795 1,140,646 2,157,149 14%5% of Annual expenditures624 Water Works Customer Deposit 1,284,429 - 1,284,429 1,284,429 - 100%100% cash reserves for customer deposits625 Water Works Sinking Fund 285,460 - 285,460 285,460 - 100%100% cash reserves per bond covenants626 Water Works Bond Reserve 1,424,701 - 1,424,701 1,424,701 - 100%100% cash reserves per bond covenants629 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 2,168,507 84,819 2,083,688 165,797 1,917,891 314%25% of Annual expenditures641 Sewage Works Operations 15,373,313 3,940,529 11,432,785 2,307,147 9,125,638 25%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 1,085,194 - 1,085,194 1,085,194 - 100%100% cash reserves per bond covenants653 Sewage Works Debt Service Reserve 4,291,915 - 4,291,915 4,291,915 - 100%100% cash reserves per bond covenants654 Sewage Works Deposit Fund 412,188 - 412,188 412,188 - 100%100% cash reserves for customer deposits655 Project Releaf 397,249 - 397,249 168,741 228,508 59%25% of Annual expenditures670 Century Center 1,537,196 38,186 1,499,011 1,228,339 270,672 31%25% of Annual expenditures671 Century Center Capital 981,681 - 981,681 800,000 181,681 1183%$800,000 Minimum per Board of Managers702 Police Pension 696,511 - 696,511 642,590 53,921 11%10% of Annual expenditures711 Self-Funded Employee Benefits 9,255,644 25,819 9,229,825 4,410,747 4,819,078 52%25% of Annual expenditures713 Unemployment Comp Fund 180,487 - 180,487 17,500 162,987 258%25% of Annual expenditures714 Parental Leave Fund 32,486 - 32,486 15,656 16,830 17%8% of Annual expenditures - one month reserve718 State Tax Withholding Fund 335,621 - 335,621 335,621 - 100%100% cash reserves - trust & agency funds725 Morris / Palais Box Office 3,065,972 - 3,065,972 3,065,972 - 100%100% cash reserves - trust & agency funds726 Police Distributions Payable 857,178 - 857,178 857,178 - 100%100% cash reserves - trust & agency funds730 City Cemetery Trust 29,661 - 29,661 - 29,661 100%25% of Annual expenditures731 Bowman Cemetery 466,596 - 466,596 400,000 66,596 100%$400,000 minimumDecember 31, 20192019-12 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 PolicyDecember 31, 2019752 South Bend Redevelopment Authority 222,584 - 222,584 222,584 - 100%100% cash reserves per bond covenants755 South Bend Building Corporation 1,734,901 - 1,734,901 1,734,901 - 100%100% cash reserves per bond covenants756 Smart Streets Debt Service Fund 815,025 - 815,025 815,025 - 100%100% cash reserves per bond covenants757 2015 Parks Bond Debt Service 590,497 - 590,497 590,497 - 100%100% cash reserves per bond covenants760 Eddy St Commons Bond Debt Service 3,461,700 - 3,461,700 2,500,000 961,700 266%$2,500,000 minimum177,473,474 14,904,367 162,569,110 102,366,629 60,202,481 No Reserve Requirement209 Studebaker/Oliver Revitalizing Grants 927,235 848,464 78,770 - 78,770 100%No reserve requirement - Grant fund - spend down to zero210 DCI State Grants 64,754 63,463 1,291 - 1,291 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero212 DCI Federal Grants 305,248 2,421,632 (2,116,384) - (2,116,384) 100% To be reimbursed by grant receiptsNo reserve requirement - Grant fund - spend down to zero217 Gift, Donation, Bequest666,875 334,389 332,486 - 332,486 100%No reserve requirement219 Unsafe Building 920,989 44,895 876,094 - 876,094 100%No reserve requirement224 Central Services Capital 21,870 148,194 (126,324) - (126,324) 100%No reserve requirement - Capital fund - spend down to zero227 Loss Recovery Fund 604,051 200,000 404,051 - 404,051 100%No reserve requirement251 Local Roads & Streets 5,220,874 2,792,683 2,428,192 - 2,428,192 100%No reserve requirement257 LOIT 2016 Special Distribution 170,335 164,087 6,248 - 6,248 100%No reserve requirement258 Human Rights - Federal Grant 519,829 28,192 491,638 - 491,638 100%No reserve requirement - Grant fund - spend down to zero265 Local Road & Bridge Grant 448,377 974,341 (525,964) - (525,964) 100%No reserve requirement - Grant fund - spend down to zero266 MVH Restricted 648,877 29,386 619,491 - 619,491 100%New fund - reserve requirement to be determined279 IT / Innovation / 311 Call Center 3,101,052 2,000,521 1,100,531 - 1,100,531 100% Reimbursed through interfund allocationNo reserve requirement280 Police Block Grants 4,085 - 4,085 - 4,085 100%No reserve requirement - Grant fund - spend down to zero287 EMS Capital 1,957,611 1,449,316 508,296 - 508,296 100%No reserve requirement - Capital 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 169,042 142,630 26,411 - 26,411 100%No reserve requirement - Grant fund - spend down to zero312 2017 Parks Bond Debt Service 208,251 - 208,251 - 208,251 100% Property tax distribution received in June & DecNo reserve requirement324 TIF - River West TIF (Airport) 30,879,977 7,834,836 23,045,142 - 23,045,142 100% Property tax distribution received in June & DecNo reserve requirement350 2018 Fire Station #9 Debt Service - - - - - 100% Receives transfers from Fund 287 for debt svc pmtsNo reserve requirement401 Coveleski Stadium Capital 25,789 - 25,789 - 25,789 100%No reserve requirement - Capital fund - spend down to zero406 Cumulative Capital Development 223,093 14,389 208,704 - 208,704 100% Property tax distribution received in June & DecNo reserve requirement - Capital fund - spend down to zero407 Cumulative Capital Improvement 687,399 - 687,399 - 687,399 100%No reserve requirement - Capital fund - spend down to zero410 Urban Develop Action Grant (UDAG) 53,712 - 53,712 - 53,712 100%No reserve requirement - Grant fund - spend down to zero412 Major Moves Construction 2,190,822 1,172,285 1,018,536 - 1,018,536 100%No reserve requirement - Capital fund - spend down to zero416 Morris Performing Arts Center Capital 421,135 91,759 329,376 - 329,376 100%No reserve requirement422 TIF - West Washington 1,029,402 342,165 687,238 - 687,238 100% Property tax distribution received in June & DecNo reserve requirement429 TIF - River East Devevelopment 8,196,149 4,543,278 3,652,871 - 3,652,871 100% Property tax distribution received in June & DecNo reserve requirement430 TIF - Southside Development Area #1 9,585,265 234,951 9,350,314 - 9,350,314 100% Property tax distribution received in June & DecNo reserve requirement435 TIF - Douglas Road 187,366 87,225 100,141 - 100,141 100% Property tax distribution received in June & DecNo reserve requirement436 TIF - River East Residential 3,698,203 - 3,698,203 - 3,698,203 100% Property tax distribution received in June & DecNo reserve requirement439 Certified Technology Park 10,939 752 10,187 - 10,187 100%No reserve requirement450 Palais Royale Historic Preservation 107,539 34,160 73,379 - 73,379 100%No reserve requirement451 2018 Fire Station #9 Capital 398,940 89,311 309,629 - 309,629 100%No reserve requirement - Bond capital fund - spend down to zero452 2018 TIF Park Bond Capital 4,076,090 3,889,707 186,383 - 186,383 100%No reserve requirement - Bond capital fund - spend down to zero453 2018 Zoo Bond Capital 120,929 133,581 (12,652) - (12,652) 100%No reserve requirement - Bond capital fund - spend down to zero454 Airport Urban Enterprise Zone 402,803 - 402,803 - 402,803 100%No reserve requirement471 2017 Parks Bond Capital 9,041,542 8,569,760 471,782 - 471,782 100%No reserve requirement - Bond capital fund - spend down to zero611 Solid Waste Capital 64,773 94,000 (29,227) - (29,227) 100% Receives transfers from Fund 610 as neededNo reserve requirement - Capital fund - spend down to zero622 Water Works Capital 4,177,611 1,728,047 2,449,564 - 2,449,564 100%No reserve requirement - Capital fund - spend down to zero642 Sewage Works Capital 9,394,977 6,418,020 2,976,957 - 2,976,957 100% Receives transfers from Fund 641 as neededNo reserve requirement - Capital fund - spend down to zero672 Century Center Energy Savings 189,082 - 189,082 - 189,082 100%No reserve requirement705 Police K-9 Unit 2,390 - 2,390 - 2,390 100%No reserve requirement750 Equipment/Vehicle Leasing 1,016,472 261,062 755,410 - 755,410 100% No reserve requirement - Capital lease fund - spend down to zero754 Industrial Revolving Fund 2,078,333 - 2,078,333 - 2,078,333 100%No City reserve requirement; there are program requirements759 Eddy Street Commons Bond Capital 3,048,190 3,048,122 68 - 68 100%No reserve requirement - Bond capital fund - spend down to zero107,294,990 50,229,601 57,065,392 - 57,065,392 City Operations Total 290,040,998 65,833,059 224,207,945 108,336,355 115,871,590 Note: Available Cash is a Fund's cash balance minus any outstanding encumbrances2019-12 Monthly Cash Report7 January 1, 2007 - December 31, 2019 $329,782,565 6/30/2018 $122,056,198 5/31/2007 $218,228,548 -- $287,586,231 -- 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 2019-12 Monthly Cash Report 8 January 1, 2007 - December 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 11/30/19 258,487,347.42 63,466,347.56 53,127,541.62 141,893,458.24 01/31/16 217,346,607.43 65,062,377.54 55,690,681.11 96,593,548.78 12/31/19 290,040,997.99 63,959,687.87 63,366,015.29 162,715,294.83 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 2019-12 Monthly Cash Report 9 $83,296,822 1/31/2013 $28,657,187 1/1/2007 $58,893,675 -- $65,939,593 -- 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 11/30/19 63,466,347.56 12/31/19 63,959,687.87 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 - December 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 2019-12 Monthly Cash Report 10 $81,992,643 6/30/2018 $26,731,149 1/31/2009 $50,269,620 -- $58,689,962 -- 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 11/30/19 53,127,541.62 12/31/19 63,366,015.29 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 - December 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 2019-12 Monthly Cash Report 11 $185,010,338 6/30/2018 $53,052,887 5/31/2007 $109,186,004 -- $161,560,745 -- 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 11/30/19 141,893,458.24 12/31/19 162,715,294.83 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 - December 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 2019-12 Monthly Cash Report 12